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financial; ommtraai HUNT’S xmtlt MERCHANTS’ MAGAZINE, REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES [Entered, according to act ol Congress, In the year 1882, by W«. E. Dana & Co., In the office ol the Librarian of Congress, Washington, D. C.J SATURDAY, NOVEMBER II, 1882. VOL. 35. CONTENT8. THE The Week's Elections Our Foreign Commerce show CHRONICLE. 527 529 530 The Financial Situation Imports and Exports for September, and for the Nine and Twelve Months Ended Sept. 30, 1882 535 Monetary and Commercial English News 536 Report of the Tariff Commis¬ sion Railroad Earnings in October, and from Jan. 1 to Oct. 31 Commercial and Miscellaneous News 537 THE BANKERS’ GAZETTE. .. SPfraBE Money Market, Foreign Exchange, U.S. Securities, State and Railroad Stocks Bonds and 530 I Quotations of Stocks and Bonds 541 New York Local Securities 542 | Railroad Earnings and Bank j Returns 543 Range in Prices at the N. Y. Investments, and State, City Stock Exchange 510 1 and Corporation Finances.. 544 THE Commercial Epitome Cotton COMMERCIAL TIMES. 517 I Breadstufts 517 | Dry Goods 552 553 £hc (fltrouiclc. Tun; Commercial and Financial Chronicle is published in New YorJc every Saturday morning. . [ Entered at the Post Office, New York, N. Y., as second-class mail matter, j TERMS OF S’JSSORiPTiON—PARABLE IN ADVANCE: For One Year (including postage) For Six Months do Annual subscription Six mos. do , £2 7s. do 1 Liverpool Office. Chronicle m Liverpool is at No. 5 Brown’s ings. where subscriptions and advertisements will regular rates, and single copies of the paper supplied WILLIAM B. DANA. ) JOHN (J. FLOYD. < THE be taken Year. Build¬ at the ? • 64,921 56.007 Jan.... Feb .... 62,014 I 56,950 58.^27 6S.604 66,301 * 7.965 +2.220 July.... Aug.... 57,952 49.179 51,078 54,013 62,719 62,690 65,801 65,729 +5,990 +8,409 + 19,171 +11,612 + 11,188 +3,002 Sept 62,057 63,339 +092 April . .. May.... June... ... Total. SITUATION. of Ex¬ ports. 1882. 68,3f>0 (000s Omitted.) Gold Excess E.vp'rLs. Imports. March Iml pnrtjs. ~$r 522,340 576.649 +54,309 1.1&4 Ex¬ ports. Silver. Excess Ex¬ Im¬ ports. ports. ports. $ t $ of Im¬ 1 102 1,032 469 7.231 *6,762 3,229 *2,389 551 2,343 *1.792 204 13,289 *13,085 840 257 162 5.512 4,755 425 1,807 1,13*3 230 *5.315 *4,593 *1,382 006 2,182 1.552 1,527 1,051 1,778 1,327 1.65C 1,488 1,188 5,178 38.558 *33,380 13,752 Exc.'ss of Ex¬ 534 ports. f 1,048 631 921 621 906 1,053 +1 Oil 1,167 817 510 420 1,230 722 766 512 070 5.923 7,829 ■f It would no Merchandize. 8s. at Is. each. WILLIAM B. DANA & CO., Publishers, 79 & 81 William Street, NEW YORK. Post Office Box 958. FINANCIAL FOREIGN TRADE MOVEMENT OF TIII5 UNITED STATES. 6 10. Subscriptions will be continued until ordered stopped onicr, or at the publication office. The Publishers cannot beby a written responsible lor Remittances unless made by Drafts or Post-Olliee Money Orders. A neat tile oover is furnished at 50 cents: postage on the same is 18 eents. Volumes bound for subscribers at $1 00. The office of the large increase, and when all products begin to move, as they must later on, and the canal is closed and rates are maintained, the income of the roads cannot fail to be satisfactory. It is not wonderful, therefore, that each decline in the market should bring in orders, domes¬ tic and foreign, for the purchase of choice stocks and bonds, giving assurance of a speedy recovery of values, except of such properties as are purely speculative. The condition of the foreign exchange market, viewed in the light of the foreign trade movement, plainly indi¬ cates how considerable must have been the European takings of our stocks and bonds during late months. On another page we give our usual monthly review of the trade figures, but that the reader may be enabled at a glance to know the real situation, we have prepared the following summary for 1882, by months, omitting from all the figures 000s. $10 20. in London (including postage) do NO. 907. scarcely be correct to say that there has been change this week in the aspect of affairs, when such a We here that without allowing anything for interest Europe or for freights or for undervaluation of imports—the latter always an important feature under a due see to political revolution has been effected as the elections have produced. And yet as a disturbing influence these protective tariff,—the simple tradS figures show a balance changes are of no account. To be sure, a few speculators against us every month since last January. To be sure, attempted to use them for a day to further their plans in in September it had become almost nominal, and since depressing stock properties, but their efforts met with then the account ha3 undoubtedly turned in our favor. trifling success, and would have miscarried wholly had But back months left against us a large debt unpaid, an not other circumstances aided them. In fact, this evidence of which was seen in the sterling loans which sudden, quiet, but positive substitution of one party for matured in London in October. another, simply tends to strengthen confidence, as it gives such conditions Yet, notwithstanding have imported nearly a these, we evidence of the power of the million non-office-holding class, by gold in September and small amounts have been tiieir votes, to administer reproof when it is needed. The coming ever since. In fact, the normal condition of people have not changed masters, but have simply asserted the exchange market for the pa it few weeks has shown their own ^Aside sovereignty. from the interruption which always cause to mercantile new that whatever balance a holiday must affairs, business has continued favorably. Judged by the traffic returns of the railroads, which we publish elsewhere, the outlook is certainly very encouraging. There is an unusually large istribution of merchandise going on ; for although cot¬ ton is the only staple that is really moving freely, earnings to progress as was due to the end of the last fiscal year foreign countries at and subsequently, has been to a very great extent, if not wholly liquidated. This is well illustrated now by the circumstance that we are ^weekly receiving small amounts of specie from the West Indies, Mexico, and Europe. Of course the future bills on the market have anticipated exports and to that extent helped produce this condition; but even allowing THE 528 have been a very considerable move" in securities to have brought the exchange market for these, there must tr ment CHRONICLE. * [VOL. XXXV. Receipts at and Shipments from Received. Shipped. $1,016,000 31,000 >680,000 $1,080,000 $‘-,135,000 N. Y. , day into its present condition. Starting, then, with our old balance settled for, with foreign exchange, dull and heavy, with bankers’ bills for securities in moderate supply and not unlikely to increase as our railroad properties by their earnings improve in of to Currency Gold Treasury Transfer Total The Bank of 355,000 100,000 to Philadelphia America paid out $1,400,000 gold on ac associated banks during the week. Last week’s bank statement was doubtless made up on value, and with large offerings of cotton bills, the conclusion This week’s-return will be made up would seem to be that we may anticipate not long hence a declining averages. on rising averages, as the Treasury paid $2,203,400 for considerable influx of gold. To be sure, imports continue bonds called yesterday. Considering these facts, the marvellously large, but these are being paid for in part count of the by the movement in securites, while the present indi¬ following will indicate the character of to-day’s exhibit, cations point to a good if not an increasing inquiry from Into Banks. Out of Banks Ret Loss. abroad for all our food staples. It appears that early esti¬ $730,037 $ $730,037 Rub-Treasury operations, net mates of the crops in Western Europe were exaggerated, 2,135,000 1,080,000 1,055,000 Interior movement and late reports also reveal the fact that has been very unpropitious the harvest, the weather since for planting. In $1,080,000 Total $2,865,037 $1,785,037 As may be gathered from what has been already said, England the rains have been almost unprecedented, and the stock market was again unsettled this week. The the ground is soaked with water, so that preparations for influences which have been acting are various. Much the new crop cannot be made. All these things tend to enhance prices for food and to speculation has been indulged in, as to the attitude of ensure a good demand for all our surplus. The supplies Mr. Gould with regard to the market. He has for a long time been reported as' operating to depress pries. This at the Western centres are for the moment somewhat de¬ week some events have transpired apparently adverse to ficient by reason of the fact that the turnpike roads are his interests. For instance, he has been defeated in his heavy in consequence of the open season and frequen efforts to secure a majority representation in the board rains, thus preventing the farmers from marketing their of directors of the Metropolitan Elevated Railroad Com¬ grain and other produce. But the temperature may soon This want of success it was argued would indis¬ be expected to change, and as the wagon roads improve, pany. the supply of grain will become more liberal, and the pose him to take a very active part in the stock market, export movement be stimulated. Sterling exchange is especially in the direction of higher figures, and therefore the speculators for a decline were almost certain that he even now very near the gold-importing point and it will would not interfere with their plans. Their most deter¬ require but a comparatively slight change in rates to make it profitable to move specie. Then, again, active money here may exert an important influence upon the foreign exchanges. This week, Wednesday, money ruled at one time as high as 30 percent, falling, however, in tho afternoon of the next day to 2 per cent. This was undoubtedly in great part if not wholly due to mined opponents were the supporters properties, Thursday steadily price Of who until supported the course the speculators for of the Vanderbilt morning pretty their favorites. of a fall could not hope for entire success in their plans unless they could succeed in breaking down these barriers; and therefore, not¬ withstanding the manipulation of money on Wednesday, the market did not become demoralized until Thursday speculative manipulation. Among the reports current on Wednesday was the absurd rumor that since the election had resulted so unfavorably for Mr. Folger, no effort would be morning, when, to the dismay of margin speculators, Lake Shore suddenly broke binder circumstances which made by him to relieve the money market in case it should led to the conviction that the support had been withdrawn. become stringent. The suggestion that such a course The speculators for a decline took advantage of the breach might be pursued served to alarm the timid, and it had the desired effect so far as the speculators for a decline they had made, energetically pressed the Vanderbilt and other stocks, circulated disquieting rumors and apparently were concerned. But on Thursday afternoon the an¬ were on the eve of a great victory when the decline was made that the Secretary of the nouncement was checked by the stubborn resistance shown by the Wabashes Treasury had instructed the Assistant Treasurer in this and by a determined rally m the Vanderbilt properties. city to redeem without rebate of interest bonds embraced in any call to the amount of $5,000,000 each week until Early in the afternoon the market was turned upward, the otherwise ordered, and* it is probable that the decline in recovery being aided by the announcement of the continua¬ tion of the recent policy of the Secretary of the Treasury the rate for money was directly influenced by this order, as to anticipating the payment of called bonds; speculators for it indicated a purpose on the part of Mr. Folger to for a rise took courage and the subsequent advance was continue the policy he has always pursued of allowing almost as rapid as had been the decline in the morning. government operations to interfere as little as possible with the money market. The particular call to which Yesterday the market was variable and feverish, with fre¬ this order applies is the one maturing January 18 for quent fluctuations in prices, but for most stocks the was not materially different from the opening. SI5,000,000. although by the terms of the order it may The movements in the market have been, as will be seen apply to any future calls unless rescinded. Probably the Treasury Department will issue another call in a few days by the above sketch, in great part the result of to mature in February. The domestic exchanges at ive manipulation. Louisville & Nashville was affected by the announcement that a portion of the new interior points show a decline at Chicago and St. Louis,stock of the company has been sold- and will be bunaindicating a renewal of the demand upon this centre for diately delivered. Western Union has been money, but at New Orleans the rate has advanced, showing the decision respecting the consolidation of the telegrap less urgency for funds. The Treasury operations for the week, making allowance for such items as do not affect companies, the threatened opposition of the the banks, have resulted in a gain, which is a loss to the Union, added to the rumor on Thursday that the more & Ohio was negotiating for a control of the banks, of $730,037 IS The interior movement Las been and to the fact that the money necessary for the as follows. close speculat¬ directly influenced by Mutua latth construG ngw cable had already been subscribed. monwealth, the 0Cean Er^ by the report that the Grand has been affected Trunk of Canada was 529 CHRONICLE. THE 11,1883.] ovehuek negotiating with the New York West Shore & Buffalo for a New York connection, and the Northern Pacifies were broken down on Wednesday and Thursday on the theory that the new Congress would take measures to annul the land grant, speculators apparently man who has for many years been the bugbear of her respectability, is more than a nine days’ wonder ; while the majority in this State, closely approach¬ ing 200,000, is something utterly without a parallel in the history of popular elections and may be called truly phe* nomenal. The causes which have worked so violent a revulsion the country are not distant. It is not too that at the present rate of progress the throughout much to say that their result, except in its extent, was road will most likely be so far completed before the new discounted and foreseen by the most intelligent observers Congress can convene, that it will be beyond the power of that°body, even if it had the disposition, to interfere with weeks ago. And yet, when we examine what the causes • the fact oring The following table shows relative prices in London and New York at the opening each day for leading securities, indicating the profit in cable transac¬ the grant. tions. Nov. Nov. 7. Kov. 6. Nov. 9. 8. N.Y. Lond’n Nov. 10. N.Y. 119-10 U.S.3%9 101-31 4001 2d con. 00-7:1 119 43 110% 101% 101 19 38-43 40 99 73 cs mi 14 m s 149 59 119% 101% 38% 98% 148% 131 % 58% 119% 101% 119 31 101-19 3782 37 H 38-31 V8-27 9"% 99-24 14789 140% i48-as 148 131-59 130% 131*85 28-40+ 2724 131% 50% 27% 109-40 110 U9'43 Ill.Cent. 149-50 N. Y. C.. 131-57 132V; 29-371 19% 28-94 f 27 97t 55% 28-09 28 2773 27 % 27-01 27 110% 110-43 110% 110-43 Reading Ont.W’n 110-43 f r ■ * 182*32 K Eich’ge, 109% 119% 101% 101-19 38% 09% . 4-80%" 4-86% 4-80% cables. * N.Y. Lond’n prices.* prices. prices.* prices. prices.* prices. U S-4«.C. St. Paul Lond’n Lond’n Ar.r. prices.* prices. Expressed lu their New York equivalent. basis of $50. par value. + Reading on England rate of discount remains unchanged at 5 per cent. The Bank gained £94,000 bullion during the week, butHhe cable reported a witkdrawal on balance of £17,000 on Thursday. The propor¬ tion of reserve to liabilities was increased 3 5-1G this Bank The The return of the Bank of Prance shows an in¬ week. crease of of 3.100,000 000 francs silver. has francs gold and a decrease of 2,G00,The Bank of Germany since last report The following indicates the principal European banks this corresponding date last year. gained 6,900,600 marks. amount of bullion week and at the in the Nov. 9, Bank of England Bank of France 1882. Gold. Silver. St, St Nov. 10, Gold. • St 1881. Silver. St 20,727,369 20.256,379 Bank of Germany 38,986,564 44,523,420 24.888,050 47,379,090 6,509,750 19.529,250 6,496,750 19.490,250 Total this week 65,739,693 04,013,G76 52,125,175 66.908,310 Total previous week 65.391.289 63,725,005 51,728,541 66,692,107 OP1 The above gold and silver division of the stock of coin of the Bank oi Germany is merely popular estimate, as the Bank itself gives no Information that point. on The Assay Office paid this week through the Sub-Treas¬ ury $61,541 for domestic bullion, and the Assistant Treas¬ urer received the following from the Custom House. Consisting of— Dak. Duties. Gold. Noy. “ “ “ “ “ 3.. 4.. 6.. $423,436 84 377,935 96 443,022 20 $42,000 33,000 125,000 JJ. 8. Gold Silver Ger- Notes. Cert if. lijicates. $34,000 $275,000 $71,000 72.000 43.000 253,000 212,000 20,000 63,000 7.. 8.. 9.. 685,834 54 98,000 59,000 413,000 464,495 28 0 4,000 39,000 258,000 114,000 104,000 Total. $2,391,724 82 $362,000 $195,000 1,411,000 $424,000 THE WEEK'S ELECTIONS. The one engrossing topic of the past few days the result of has been Tuesday’s elections, which is surely wonder¬ ful enough to he engrossing. That the tidal wave of political reaction, which began in Ohio in October, should sweep across the country, is not so remarkable, because this had occurred before ; but that it should be so em¬ phatic, even parting Massachusetts from her political iuooring?; and giving as Governor to that staid old Com¬ by unusual conditions. “ When the crib is low the animals kick,” says a proverb. In hard times, with wages low and work hard to find, dissatisfaction with the powers that be is easily stirred and is not alwaysreasonable. The discontented man fancies that some good may come out of a change and feels sure that he will not be any worse off ; even the far-back Long Island fisher¬ man, when fish won’t bite, unconsciously favors a change in the government. Hence, an “ opposition ” sweep was natural and intelligible in 1874, 1870, or even 1878 ; but the country is prosperous now—how is it, then, that we are to explain it ? Whoever turns his thoughts back over the record of governmental doings for, say, two or three years, can see much which should disturb even a busy and a patient people. What doubt can there be that the country thrives and grows in spite of the government for which it pays so pro¬ fusely? The number of men in Congress who are really possessed or actuated by a feeling of official obligation and responsibility, may, we fear, be counted without taxing the arithmetic of the finger ends. Of the subjects which have really demanded attention from Congress, how many have had it? Of the measures which the public interest required to have passed, how many have been? On the other hand, is there not a dreary list of things done which ought not to have been done—things untimely, uncalled for, stupid, profligate, corrupt, vicious, and pregnant with the power of perpetuating their own baleful kind? Is it not soberly true that Congress, and legislatures generally, have ceased to adequately and really represent the sub¬ stantial elements which comprise the people? The question seems absurd at first glance, and yet we must admit that if this were not true—that is, if the people were not better than the men who somehow are sent to the Capitals were, we are met would breakdown. long tampering with the subject of cur¬ rency. Consider the persistent and defiant refusal to re¬ the lieve country from suffering further the slow but sure operation of the silver lunacy ; and, on the contrary, the attempts to force silver upon the banks. Consider the coercive attempt in the Carlisle amendment; the prepos¬ terous bills to prohibit certification of checks ; the uncon¬ cealed desire to punish the banks for adhering to sound money ; the doctrine that national banks are u creatures of the government” and become fit subjects for discipline if they demur to whatever the moralists in Congress see fit to portion out to them, coupled with the other doctrine that, as pets of the government, they are monopolists de¬ vouring the people. Consider, on tho side of sins of commission, such work as that of the pensions bill, which simply goes beyond the power in language to fitly and calmly characterize it. As a sin of commission and omission combined, consider the overslaughing of revenue reform and tax reduction, and the sleeping tariff commis¬ sion ; the remedy for excessive surplus as found in increas¬ ing profligacy, not in diminished revenues. It is quite true, and only just to admit, that the fault for these sins is pretty evenly to be distributed. But the party to represent them—the order of society Consider the THE CHRONICLE.1 5S0 (Tol. XXXV. The imports, as will be seen from the foregoing, are not The form of elections express, in so many quite as heavy as in August, but there was a similar rela¬ tion between the corresponding months of 1881; still the words, approval or disapproval of men and measures; they total for September this year is over millions above can thunder displeasure by a vote adverse to the dominant thatbf September last year, which shows clearly how heavy party, and let it find those at whom it is aimed. This in power is the one held responsible. does not yet permit the people to election no more means approval of the non-dominant of that party in 1884 ; it expresses displeasure only. In the lack of a third party coming forward with apparently clean hands, the people can only say to the responsible party, "We want no more of you, at any rate, until discipline has chastened you.” party than it ensures the success This is’ an assertion of the old-fashioned but now almost really is. Imports of 63£ millions—or 760 year—will certainly not be considered other¬ wise than large in any month; yet for the last seven months they have averaged considerably more, and for the twelve months ended September 30 the aggregate is $103,899,641 above that of the corresponding period in the previous year. This is the more surprising whin we remember that during these same twelve months our exports fell off pretty nearly 150 millions—to be exact, $148,491,458. Thus in the face of a most remarkable decline in the shipments of domestic products and conse¬ quently in our purchasing power, we have managed to spend more money than ever before for foreign goods. Such being the condition of things, . one naturally the movement millions a overslaughed doctrine, that legislation is not merely a scramble for spoils, but that the public interest should be thought of sometimes. It is a broad hint, perhaps, that the party with a positive policy, which is determined to Stick by that policy and to go on record to stand or fall on it, is the party which the people will prefer. -It is an expression of disgust at the rottenness of platforms and the insufficiency of names without principles. It'is a clear demand for better ends to be pursued than office-keeping expects to see increasing stocks of goods in the warehouses, but this expectation is not borne out by the facts. There or office-getting, and a call for something more than spoilsis no excessive accumulation of goods in bond. In our parties. It is a blow at the most destructive of all forces in a popular government, to wit, the deep rooting of a review of August we noted a decrease of four millions in the stocks remaining in warehouses, from $38,268,715 at system under which a few professional manipulators, the end of July to $34,334,523 at the end of August, and through the polls, the convention, the local convention, the now we note a further reduction to $31,050,684 at the primaries,” and back to “ the slate,” are able, to “fix end of September. During these months of last year, our things,” leaving the people only the mockery of ratifica¬ tion, under the alternative of no alternative. Viewed in imports being smaller, the reduction in stocks was some¬ this way—and in no other way can it be reasonably what larger, so that on the 1st of October this year we had $2,722,875 more goods in warehouses than at^the same viewed—the result must work out a healthy lesson. date in 1881; but the increase is not sufficiently large to merit particular significance. OUR FOREIGN COMMERCE. Thus we see that large exports, exceptional prosperity, Again we have a trade statement with an unfavorable and may we not add inflated currency, have wonderfully The figures of our foreign commerce for balance. stimulated our consuming power and introduced an en. September have been issued by the Bureau of Statistics tirely new element in our foreign trade movements and this week, and they show that in September, as in the one which must materially modify all previous calculations. previous months, our merchandise imports exceeded the Were this year’s crops, like those of last year, a failure, exports. It is to be observed, however, that the excess of there would be no reason to doubt a speedy export of gold imports is small—only $631,961—and that in this partic¬ in such quantities as to enforce economy. But with crops ular therefore the exhibit is mere encouraging than its excellent in quality and more than ordinarily large in quan¬ immediate predecessors. September is the eighth succes¬ tity, and every prospect of finding a market for them, the sive month that has recorded a balance against us, but for danger of gold going out is averted for the time being, May the excess of imports was over 19 millions, since and therefore although imports may not continue so large which time it has been gradually growing smaller, having as they have averaged during the last seven months, we been only three millions in August, and having now, as cannot anticipate a return at present to the smaller figures stated, been reduced to but little over half a million for of recent years. September. The adverse balance for the latter month is But if as regards imports the September statement is 'wholly the result of our extraordinary imports, which are unsatisfactory, it is not without its favorable features. We maintained on a scale of unprecedented magnitude, the have above alluded to the smaller balance against us than exports being fairly large for the season in view of the in the preceding months. There are two other particulars heavy contraction in special commodities. The following in which the exhibit is encouraging. We refer to the fact will show the import and export movement at each of the that for the first time in thirteen months the merchandise six leading ports. exports show an improvement on the preceding year, and EXPORTS AND IMPORTS OF MERCHANDISE AT U. 3. TORTS. to the further fact that during September, strange as it 1981. 1882. may seem, we imported more gold than we exported. As Exports (Domestic and Foreign.) September. Si)ice Jan. 1. September. Since Jan. 1. to the merchandise exports, the increase over the previous $' $ $ $ 33,466,915 286,450,202 year is only $165,720, but is noteworthy all the same, 32,355,548 253,360.882 New York 2,311,725 6G, 191,872 New Orleans 3,995,376 45,312,754 3,909,757 46.684.985 this for the reason that while the shipments of wheat and 5,842,523 36,876,261 Baltimore 5,046,017 55,281,211 4,937,373 42,526,1 10 Boston, &c flour were undoubtedly large, the outward movement of 3,266,690 31,499,533 2,955,265 25,716,915 Philadelphia 30,011,684 4,261,561 4,179,297 36,109,16! Saa Francisco all other leading staples was very restricted Of 10,228,714 102,211,861 All other ports 8,391,717 88,437,616 sent cotton we only 140,496 bales, against 195,101 bales in 62,491,379 618,397,348 Total 62,657,099 522,339,696 September, 1881 ; of corn only 623,597 bushels (valued Imports. 33,172.024 338,052,058 41,071,626 394,490,322 Now York $463,375), against 4,095,111 bushels (valued at 8,875,270 717,598,256.696 New Orleans 921,826 12,311,717 1,422,156 11,133,735 1,388,900 Baltimore 307), and the value of our provisions exports 4,933,592 50,723,971 0,156,777 58,907,917 Boston, Ac 24,223,854 2,308,859 2,888,841 30,819,959 Philadelphia $9,695,218 to $7,453,734. But the gain in wheat 3,695,296 28,099,559 3,618,689 33,555,672 San Francisco 4,104,277 31,339,015 product, flour, was sufficient to wipe out the loss on All other ports 3,992,101 39,185,042! besides. With such a 63.339,060 576.619.343! 55,713.802 L97,225,uA items, and leave a slight increase Total “ and indeed. i at $2,914,fell from and its these November THE CHRONICLE. 18S2.]] 11, such conditions, exhibits when, as it is not too much to expect still better in October, cotton goes out freely, and larger exports later on, when in addition to cotton we will have corn and possibly also increased amounts of provisions to ship abroad. With the approach of this period, too, the probability of gold shipments to this country becomes less problematical, and this brings us to the other particular in which tho September exhibit is noteworthy, namely, the excess of gold imports over the result under 581 EXPORTS OF BREADSTUFFS DURING SEPTEMBER AND SINCE JAN. Quantity. September. 1882. .hush. Barley Com Corn-meal Oats .bush. 46,123 118,5«5 6,381 4,095,111 27,561 209,3 49 9,019 bids. 17,159,343 821,010 10,970,393 478,274 bush. Wheat Wheat-flour.. . Total 1882. 1881. $ $ - ; 3,997 88,897 463,375 2,914,307 94,213 89,937 24.274 18,669,109 91,312 9,297 13,749,542 5,088,634 3,084,765 24,506,067 19,947,433 81,841 | , Since Jan. i. .lmsh. Coni .bush. .bbls. Corn-meal. Oats .bush. .bush. Rve Wheat .bush. Wheat-flour.. bbls. Value. 18S1. 123,190 623,597 21,422 ... Rve | 1. 211,594 94,459 153,546 50,897 gold exports. ' 11,417,976 61,099,421 8,652,602 35,747,536 175,038 325,503 666,284 969,006 Our gold imports, which began on an important scale in 457,127 207,729 123,763 209,225 880,316 740,579 792,416 775,587 1S79 continued with but little interruption till January, 81,331,429 92,760,138 94.338,429 107,939,345 1882 With that month the movement ceased, and with 4,849,773 5,492,367 29,802.508 31,744,213 Total 134,512,779 177.452,638 February it was reversed. Since that time we have exported more or less gold each month, as much as 31 millions net The individual totals of provisions exports are de¬ in the aggregate ; but in September the tide seems to have void of any special features. Every item shows a de¬ turned. Stated briefly, we shipped only $205,405 domes¬ crease from last year, both for September and the nine tic and $24,444 foreign gold during September, or $229,- months, in quantity and value alike.- Subjoined are the 849 altogether, and received $1,135,799, leaving the net figures. Barley . The explanation of this change in the specie currents is to be found net in the trade movements import $905,950. for of merchandise and coin for the three months ended than we ex¬ bills drawn against anticipated shipments of merchandise later on, and September 30, we imported $7,127,704 more ported but in the large amounts of future in the movement of securities to Europe, which would again appear to be in progress to some extent. Though' the trade figures do not warrant it, gold arrivals of import¬ ance might even yet be possible before the end of the year should securities go out in any quantitjL the merchandise movement at indi¬ A few words as to vidual ports. As will be seen New Orleans again has an increase, from the table above, and as in August the in¬ augmented breadstuffs movement. port, which last year lost heavily in its breadstuffs exports because of the deficient grain production, is again looming up as an exporting port for this staple. Balti¬ more also is largely increasing its breadstuffs exports, which is very natural considering that it is largely depend, ent upon the production of the Ohio Valley, so excellent this year and so poor last year. San Francisco, on the other hand, has smaller exports than a year ago, the rea¬ sons for which we gave in our last review. The following exhibits the breadstuffs and provisions movement at each crease is due to port. EXPORT8 OF BREADSTUFFS AND PROVISIONS FROM LEAPING TORTS. 1882. New York.... New Orleans Baltimore .... Boston Philadelphia .. San Francisco Other ports Total Provisions, $ $ 9,589,251 57,571,259 4,813.474 1,989,759 4,161,572 18,859,307 8,854,910 l,6&4,938i 1,529,369 6,705,241 3,082,401 25,651.483 2,458,777 12,057,045 24,506,067 134,512,779 <tc. New York:. New Orleans Baltimore Boston.. Philadelphia Hau September. 1881. Since Jan. 1. Francisco Other ports... Total 5,345,992 10,849 49,066 1,133,571 srq OAO 39,838 534,568 50,707,3311 53,588! i September. $ 9,905,498 463,296 2,330,651 1,307,850 1,293.556 3,232,502 1,414,090 Since Jan. 1. $ 7S.2;<7,902 9,581,174 30,513,580 12,373,762 14,176,741 19.983,857 12,525,622 70,265,989 115,719 609,799! 11,812,299; 1,929 60,610 4,263,616 1,587,438 19,250,069 287,163 33,281 278,789 422,840 3,086,100 ri i *31 „! 3,770,171j 73,375,909! z, e;i o Si 102.803.051 , IN SEPTEMBER AND SINCE JAN. 1. Value. 1881. 1882. 1882. | 1881. $ $ Beef, fresh salted and Bacon and hams Lard Fork Tallow Butter Cheese 6,846,001 10,912,110 22,088,629 10,862,052 717,350 30,541,074 2,056,345 3,686,361 1,867,405 965,088 9,610,300 24,690,218 5,459,121 2,911,922 507,891 4,194,397 1,994,055 2,727,014 410,686 180,694 180,542 12,790,751 1,181,153 1,488,562 7,453,784 9,695,213 Total 1,005,090 3,052,250 349,848 379,655 Since Jan. 1. Beef, fiesh and salted Bacon and hams Lard 65,004,396 268,671,303 171,297,130 Fork Tallow Butter Cheese 0,203,377 9.710,540 28.723,313 20,249,181 4,459.594 42,397,644 47,855,942 32,016,258 108,468,877 481,553,389 231,577,662 70,007,178 59,323,651 5,693,209 18.052.950 1,136,616 89,559,853 119,328,808 9,901,063 i Total 2,702,825 24,386,540 5,630,258 4,072.828 3,556,731 12,998,510 73,375,969 102,803,051 probable—nay certain—that September is the last an excess of merchandise imports over exports. The downward movement has run its course, and a change has already taken place. This is not so evi¬ dent from the New York figures, but it is to be remem¬ bered that at this period of the year New York does not hold the same relative prominence in the export trade as at other periods. The Southern ports do a large export trade in cotton in the autumn, while some of our neighboring ports ship freely of breadstuffs. However, the New Y ork totals are the only figures we have got, and with proper allowance they may be made to answer our present pur¬ pose. Hence we give the following table, showing the imports and exports at the port of New York for four It is month that will show weeks of October this and last year. IMPORTS AND EXPORTS Imports. 19,947,433 177,452,638 7,021,281 AC Pounds. September. an That Breadstuffs. EXPORTS OF PROVISIONS, 1882. 1881. $ $ 8.181,793 7,958,193 8,940,718 H,411,GG5 20 10,183,767 10,214,552 27 7,657,733 7,530,223 Wk. end'qOctober o “ 13 “ “ Total.. 34,975,011 34.164.633 It will be seen * AT NEW Exports. Wk. end'g— October 10 “ 17 24 “ “ 31 Total.. YORK. 1882. 1881. $ $ 6,592,524 6,108.988 8,086,939 5,855,520 5,536,912 7,164,162 6,590,674 5,910,615 26,643.971 25,202.363 from this statement that while the imports still continue in excess of those of last year, the exports are also beginning to show an increase. But even we have already remarked upon the small shipments of wTith this improvement in the exports, if New York should corn and the heavy shipments of wheat and floureduring bear the same relation to the entire movement of the October. The decrease in corn becomes especially marked, United States as in September—namely, 51£ per cent of however, when we look at the aggregate for the nine the exports and G9.I per cent of the imports—the total months. During that period this, year wTe shipped less than exports would be but little above the total imports of the eleven and a half million bushels, while in the same time country. As said, however, these percentages offer no ]ast year we shipped over sixty-one million bushels, a loss guide as to the October ratios. Not only is the export °f pretty nearly fifty million bushels. Following is our movement outside of New York heavier, but the imports usual table also are heavier, though in the latter the gain in pergiving full particulars. Concerning 7,453,794 9,695.21 the individual items of breadstuffs exports, THE CHRONICLE. 532 centage is not so great as in the former. Last October New York had less than 41 per cent of the exports (against 514 above for September this year) and G5J- per imports (against G9J for September). Going cent of the back to October, IS,SO, find that in the imports New York had almost precisely the same proportion as in October, 1881, but that in the exports it had about 8 per cent more, or 4 44 per' cent. We may safely calculate the October imports on the basis of G5| per cent. As to the exports, we think the percentage this year will be above 41 per cent—this because the cotton movement is so largely represented in the New York total. The cotton exports were very heavy in October this year, no less than 510,310 bales going out, against 587,321 bales m October, 1881, an increase of. 128,989 bales. But of this increase 01,097 bales was at New York, the exports from.this port being 105,249 bales, against 43,552 bales. Thus New York had over we 4tete-fifth of [Voi. JCXxv. Mr. Shaw gives a letter of Mr. James Tliormlv of Manchester (who visited this country in 1879), in which is worked out the cost per pound of certain descriptions of cotton goods in England and at four centres of cotton manufacture in the United States. Ilis figures we do not quite understand, but his result seems to be that the pro¬ portion per pound paid for wages in England is consider¬ ably more than it is here. This conclusion is in accord with the one reached some time since, we think, by Mr Europe.” Atkinson, and would ments of seem to corroborate recent state similar nature made by Mr. Carroll D. Wright. further investigate this question of wages, their report might be of no little use. The inquiry would necessarily take the double form of (1) the actual wages paid and (2) the decreased purchasing power of the wages, by reason of the tariff. a If the Tariff Commission would the whole cotton movement RAILROAD EARNINGS IN OCTOBER, AND this year, against only about one-ninth in 1881. Conse¬ FROM JANUARY 1 TO OCTOBER 31. quently, we conclude that 41 per cent is too low for New Railroad earnings continue to show a steady growth as York’s percentage of the total merchandise exports, and the autumn season progresses and the crops move in greater therefore fix it at 43 per cent. On this basis the New York volume. The October statement is peculiarly figures above, enlarged so as to cover the fulbmonth and in the extent and distribution of the increasefavorable, which it instead of only four weeks, would give total exports for records fully confirms the expectation that business and the whole country of about 68 millions. The imports at trade will be large and active during the fall and winter 05^ per cent would give somewhat less than 60'millions months. The gain on last October is over four million total imports. So it would seem that (October will inaug dollars, having gradually risen month by month since urate the change from a monthly balance against us to 'a June last, when there was a small loss. The following table balance in our favor, in the substantial sum of about gives mileage and earnings of individua. roads. eight million dollars. GROSS EAKNIKGS AND MILEAGE IN OCTOBER. e> REPORT OF THE TARIFF COMMISSION. Gross Earn in as. Name of road. We have received the To the Editor of The Chronicle— The report readies us from all quarters that the Tariff Commission will recommend no important changes in the rates of duty as now levied. We forced to give some weight to a report so current and so unani¬ mous, and we do so with the greatest reluctance and regret, because if such shall be the result of the six months’ labor of the Commissioners are it will prove that they are simply the agents of the various rings in whose interest the. present tariff was made, and by whoso operation the industry of the country is to-uay hampered. No honest aid intelligent man can give a single day’s attention to the tariff as it stands, and be prepared to defend the monstrous tax upon iron and steel, the effects of which are felt by every industry and every individual in tlie land. Wliat excuse can there be for taxing salt in bulk a higher ad valorem duly than champagne ? For collecting nearly one quarter of the whole customs revenue from an essential article of food like sugar ? For levying one hundred per cent duty on rice / Do these duties protect the wages of laboring men? Laboring men want the essential articles of food, such as salt and sugar, as cheap as they are in other countries. Iron and steel, the raw material of all manufacturing industry, must not be excessively taxed for the benefit of its few producers. If the Commission shall report in , favor of continuing these duties if they shall endorse this tariff substantially as it now is as the all possible tariffs, the country will be continued in the present suspicion that the Commission is simply a ring of the rings, the agents of interested parlies, a part of the thing to be reformed. No doubt the large majority of the Commission will, with a smile, ac¬ cept tins verdict and hud nothing injurious to tlu.-ir established reputations in the fact that they have accepted a pub ic trust and used it for special private benefit. But we have always believed that there was at least one gentleman of their number whose previous reputation would be tarni.-died by such an allegation, and we trust and believe that even if he should find himself alone, he will publish a minority report stating fairly the iniquities and defects of the present tariff, and recommending such changes as the interest of the country at large demands. Yours truly, D. 'best of On the subject of labor referred to above, we have in the report of Mr. Shaw, our Consul at Manchester, some interest¬ ing suggestions. This report is in a pamphlet issued by the State Department upon the “Cotton and Woolen Mills of t 1882. $ $ A tell. Top. A S. Fe... Burl. Cert. Rap. A No Cairo A St. Louis*... Central Branch U. P Central Iowa Central Pacific Char. Col. A Augusta Chesapeake A Ohio* Chicago A Alton 1,402,02:1 300,155 §50,437 §30,912 250,163 812.032 163.706 771,814 156.857 151.233 160,579 212,888 2,251,000 2,502,100 Chic. St. P.Minn. AO Cin. Inrt. St. L. Sc Ch. Cleve. Ale. Sc Col Columbia Sc Greenv.* 516,671 250,000 54,718 Col. Hock. Val. Sc Tol Denv. Sc Rio Grande. Des Moines Sc Ft. I).' 2 Detroit Luns’g Sc No. East Teun.Va. Sc Ga. Evansv. Sc T. Ilaute. Flint A Pere Marq* . Gr. Bay Win. A St. P Gulf Col. A Santa Fe Hannibal A St. Jos.. Illinois Central (111.). Do (Iowa lines). Inrt. Bloom. A West.. Intern’l A Gt. North. Lake Erie A Western Li tile Rock A Ft. S.. Little Rk. M. R.ATex Ding Island Louisville A Nashv.. Marq. Hough. A On. Milw. L. Sh. A West. Mo. Kan. A Texas... Missouri Pacific.p Mobile A Ohio ... Metropol. Elevated. N. Y. Elevated. N. Y.«A New Engl’ml Norfolk A Western.. Northern Pacific Ohio Centra! Ohio Southern Peo’ia Dee.AEvansv. Ricn. A Danv St. L. A.AT.H. m.line Do do (branches) St. L. Iron Mr. A So.. St. Louis A San Fran. St. Paul A Duluth... 8t. Paul Minn. A Man Scioto Valley Texas A Pacific Tol. Delplios A Burl. Union Pacific Virginia Midland*... Wab. St. Louis A Pac Total §60,752 72,570 630,508 22,763 153,062 372,234 73,408 135,325 30,001 227,506 238.142 674,887 190,43.8 260,041 411.407 133.69* 61,592 30,055 108,532 1,212,155 02,001 83,411 687,703, 860,525! ,591,052 [,341.098 379,029 221,3 JO 07.99t> 169,018 228,677 308,322 118,593 60.151 31,455 163.315 "800.301) 360.0031 3,119) 2,7 62 238 517' 847) 240) 430 840 227 337); 335 +40.188 + 12,722 + 61,655 + 659,948 + 251.002 + 107,0 12 + 28,680 + 16,722 + 16,036 + 23,422 -7,834 —0.422 +23,020 + 50,590 970 87 226 900 144 318 219 323 110. 2261 0021 402) / 6841 292 919 402 544 + 103.085 77d 650 +15,105 + 1,441 16S! +7,090 225 482} 292 919 385 163 170 3*28 385} 170 328 + 11,582 90 285 260 562,184 633,839 9-125,519 1,290 1,000 + 226,680 + 8.277 079 528 —2,945 + 58.42 1 4-48,945 246,530 + 8,748 583.955 81,631 + 250,505 + 32,040 + 8,313 ■| 4 44 + 60,200 32,289 38,753 376,300 131,697 72,041 719,239 308,569 + 8,865 + 16,759 +90,155 + 52.424 + 72,927 53,656) 1,001) + 4,266 419,203 1,595,680 322) l,160j 1571 +373,349 92,441 144 29 6 i 315 49.390 3,15*.337} §67,327) 342 144 296 322 303} + 22,011 + 5,066 + 100,083 + 6,529 + 28,697 + 21.390 979,057} 54 4,383! 3,951 3,300; 2,941 985 1,085 j + 10.016 73,689 605,708 146,616 238 71,832 260,313 261,200 80.400} —98,857 + 19,525 + 80,45/ 75.692 ,002,95b 310,145* 140,562 388 244! 564 116 300 207 + 35,217 + 209,205 + 16,399 223,027 436,500) 140) - 29,185 1.0,9 42 265,201; 40,602 39.197! 1.790 659 638.432 220.082) 255,278 £34,160 114,271 L820 +1 8,40 / 2.478 + 34,790 + 14,422 9,157 315,(544 63.392 113,314 33,935 127.421 23 1,913 6 16,190 j 1881. +139,600 §14,710 24 256.924 318.737 ' 221,748 29.810 78.317 91,042 ,507,857 Chic. A Gr. Trunk I.. Chic. Milw. A St. Paul 1882. $ ,263.023 27,332 113,143 108,464 2,400,000 Chic, A Eastern Ill... Chicago A Northwest Increase or Decrease. 1881. i following communication from a leading manufacturer, a typical one in New England. It expresses the views, not of a theorist, but of a busy, practical man—a student of men, things and events—one of a large class, rapidly increasing. Congress may for a time ignore the growing sentiment to which this letter gives expression, but it is becoming a power too strong to be resisted, and the party that attempts it will be pushed aside. Mileage. 74.560 + 122.698 + 17,881 ,169,530 [—11.193 §65,521 1,806 + 197,899 2,025! 1,840 90 796 506 18 14 lb 11 394 428 356 425 972 212 joS 243 1,119 242 128 254 757 195 757 105 121 816 661 175 121 636 643 175 855 1,020 132 132 982 446 1,396 565 3,744 3 353 353 ,538.023 + 4.022.630 47.702 42,724 ,397,781 + 3,423 3,300 * Three weeks only of October in each year t For the four weeks ended October 28. § Freight earnings only. November THE 11* 1882.] CHRONICLE. We 533 that while Chicago gained two million wheat, it lost five millions on corn. Taking all the ports the gain in wheat is 6,091,056 bushels and the +}1P table all but six have improved on 1881, and roads in me decrease in corn 6,451,522 bushels. But there were also the case of every one of these the decrease is gains in oats and barley, so that the total of all kinds of scarcely more than nominal. All sections of the country grain reaches 21,449,157 bushels for' the'four weeks ar to share in the improvement, though the Southwest this year, against 20,108,272 bushels in the corresponding and the Northwest have undoubtedly been especially favweeks of 1881, an increase of million bushels. In vored The increase of 16 per cent this year was made comparing with 1881, however, it must be remembered on earnings of last year 11 per cent above those of 1880, ——^^^fjncrease is 16, against 14 for September, 10 for August and 9 percent for July. Out of the sixty-two *1 here bushels see on , • 17 per cent above those of 1879, which in turn were 25 per cent above those of 1878. Thus there has been a steady gain from year to year, and the large growth the present year is the more noteworthy that receipts of corn having dwindled to very small proportions, and the loss on that cereal more than offsetting the gain in wheat. Corn will probably not come for¬ last three years. and these ' were the movement then was small—on increase this wheat very is only natural, go back to 1SS0 we "will find that even wheat, which shows this year such a decided gain over 1881, was then moving in larger amounts and that for this reason. Though the movement of grain was in the aggregate consequently the present figures are not by any means somewhat heavier than in 1881, it was far from large. In exceptional. To bring out this fact we give below the totals of flour and grain for four weeks in October for the fact wheat is the only kind of grain at present moving to extent, the any ward in large amounts for some time yet, and until it does small—and that If therefore. an year we Flour, Wheal, Corn, Oats, Barley, bbls. bush. bush. busk. bush. 1882.... 1,034,645 10,642,810 Rye, bush. 3,410,599 4,115,008 2,710,340 570,400- 843,357 4,551,754 9,862,121 3,131,630 1,800,233 762,534 unfavorable element to many roads, es¬ 1881.... 1880.... 814,342 13,303,339 12,972.814 6,199,547 2,244.693 601,613 pecially to such as are not wheat-carriers. Owing to the very large and active general trade, it is not easy Thus wheat falls pretty nearly three million bushels to detect the influence of this drawback. No doubt, below 1880, while corn is over 9J million less, and oats the earnings of some of the roads running South fully 2 millions less ; and the total of 21,449,157 bushels of from Chicago would have been still heavier except for all kinds of grain this year compares with 35,322,056 bush¬ will be an this exhaustion of the old stock of corn in farmers’ hands. els in that year, a decrease of over one-third, or 14 million That there should be an improvement on most of the bushels. It is clear from this that while our grain corn-carrying roads despite the loss in this cereal, is a movement is a little ahead of last year, it is still far be¬ striking commentary upon the growth of traffic in those hind 1880. The point is deserving of note, because of sections. Take, for instance, the Illinois Central. Not the steady the * rise in earnings on leading roads notwith¬ its line in Illinois, but more especially on its line standing this fact. To show how heavily earnings have in Iowa, is corn a very important item in its traffic move¬ increased, not only over 1881 but also over 1880, we have ment; yet though it must, with other roads, have suffered selected and give below the figures of eight representative heavily through the general shrinkage in the volume of roads for October, 1882, 1881 and 1880. this cereal going to market, the company is able to report increased earnings on both its lines, though the totals this 1880. 1831. 1882. Xante. year fall a trifle below those of 1880. It is only where a line Burlington Cedar $204,090 $221,743 $300,155 Rap Ac North. 785.190 771,844 812,032 is almost solely dependent upon this one cereal, that the Chicago Ac Alton 130,891 156,857 169,579 Chicago Ac Eastern Illinois 1,493,620 2.251,000 1.591,052 effect upon earnings is easily discernible—as in the case Chicago Milwaukee Si St. l'aul.. 2.105,217 2,341,093 2,592,100 Chicago Ac Northwestern 342,052 379,029 of the Des Moines & Fort Dodge in Iowa. 516,671 In Illinois the Chicago St. P. Minn. Ac Omaha.. 880,211 815,238 865,325 Illinois Central 345,057 Peoria Decatur & Evansville must also have sustained quite St. Paul Minneapolis Ac Manitoba 605,708 979,057 a loss on this $3,515,919 $6,882,574 ~$‘V287,237 Total account, but the road records a small increase nevertheless. Peoria and Chicago, but more particularly These figures demonstrate that the gain this year is not the latter, are the points that have been most affected by the diminished corn movement, as the following table, merely a recovery of what was lost last year on 1880, giving the receipts of flour and grain at the eight principal On the contrary, with two exceptions the roads all had interior towns of the West, will show. larger earnings in 1881 than in 1880, and the increase in 1882 is therefore additional to the increase previously RECEIPTS OF FLOUR AND GRAIN FOR FOUR WEEKS ENDED OCT. 28. made. While the eight roads gain $1,633,345, or 24 per cent, on 1881, they gain $2,228,682, or 35 per cent, on Flour, Oats, Wheaty Corti, Farley, Rye, b bis. bush. bush. bush. bush. bush. 1880. The Illinois Central is the only road that has smaller Chicago— earnings this year than in 1880, and its decrease is only 1882 343.094 3,149,997 2,252,402 2,047,053 1,058,203 342,525 1881 239,773 1,180,506 7,402,066 1,600,937 845,946 212,866 nominal and accounted for by the tremendous contraction Milwkec— only on : .... .... 1882 401,067 1881.... 308,514 .... .... Toledo— 1882 1881 .... .... Thtroit— It82 .... It 81 .... cit-\ erd— It 82... If 81.... Pen: ia— 82 218,360 124,022 2,179,621 765,962 38,35? 5,380 1,926,273 709,653 15,445 53,595 1,343,258 521,379 32,407 147,858 79,346 7,630 269,936 4,765 13,803 21,200 107,2 jO 82,954 141,023 493,315 318,486 191,435 591,775 661,719 51,296 155,159 42,675 332,750 19G.790 230,289 12,854 268,254 415,171 15,64G 10,443 58,636 4,192 18.440 685,800 726,525 7,7(37 27,900 1,384,950 559,100 6.500 9 46.985 1.... 85,500 804,770 Dim th— 68,832 180,894 81.... .... It 213,610 1,043,370 47,000 49,190 St. Louis— 1882 1881 808,300 520,384 .... 3 74,096 76.814 2,161 41,059 2,693 50,095 36,663 500 120,329 86,890 50,500 113,450 L Tot a’ of all 1**2 .... * L-1.... 843,357 *034,645. 10,642,810 4,551,754 3,410,599 4,115,008 2,710,340 570,400 9,862,121 3,131,630 1,800,233 762,534 in the corn movement. Next to the Northwestern roads, those in the Southwest conspicuous for their heavy gains. In the case of these latter, the increase is not quite so large in point of amount, but almost as large in percentage, since it is based on smaller total earnings. The Gould roads have particularly heavy earnings, and to these the enlarged cotton movement in Arkansas and Texas must have been an element of importance. In fact, a larger cotton movement was also a factor with many other Southern roads, and as it is interesting to see what points gained most in this respect, we subjoin our usual table, showing the receipts of cotton during October at the Southern outports this are and last year. 634 THE RECEIPTS OF COTTON AT SOUTHERN PORTS IN OCT., Galveston Imlianola, die New Orleans Mobile bales. Florida Savannah 142,276 78,779 3,051 199,470 2,061 214,784 72,889 45,019 Port Royal, &c Wilmington City, &c City Point, Ac Total. 1882 AND 1881. Difference. Inc.... C3.497 45,674 3,705 113,850 35,549 Inc.. 990 Dec.... 15.314 Inc.. 27,870 Dec.... 14 Inc.. 36,395 Dec.... 290 Dec.... 1,647 Doc.... 7,568 Dec.... 881 Dec.... 1,752 Inc.... 29,395 rue.... 10,125 952.786 811,483 Inc ....141,303 ' 1,098 2.083 125.329 10,378 27,650 While this table makes it evident that .. .. number of points receipts this year than last, it also shows that Galveston, Mobile, Savannah and Norfolk gained largely. The increase at the latter point probably served to swell the earnings of the Norfolk & Western, and also those of the East Tennessee Virginia k Georgia. The East Ten¬ nessee lately completed its extension from Rome to Macon, giving it, in connection with the Macon k Bruns¬ wick, which forms part of its system, a line all the way to Brunswick; but the new mileage does not count in the earnings. The Mobile k Ohio has a small increase this time, due probably to a slight gain in its cotton movement. The Louisville k Nashville records a very large augmentation in earnings, also brought about, no doubt, to a great extent, by the expansion in the volume of cotton traffic. This is evident from the receipts of that staple at Mobile. Of the increase of 27,870 bales at that port, it would appear that a very small amount only was contributed by the Mobiie k Ohio, almost the whole of it coming either from the Mobile k Montgomery (Louisville k Nashville line) or from the Alabama and Bigbee rivers. We have not the figures for the month, but for the five weeks ended November 3 the Mobile k Ohio delivered at Mobile this year 31,8G7 bales, against 30,691 bales, or scarcely 1,200 bales more, while the Mobile k Montgomery delivered 34,413 bales, against 8,246 bales, an increase of over 26,000 bales. All the Texas roads—International & Great Northern, Texas k Pacific, Gulf Colorado k Santa Fe—have materially enlarged their earnings, under the heavy cotton crop in Texas and its free marketing as reflected by the great gain in the cotton receipts at Galveston. Richmond & Danville is doing very well, and so are the various lines embraced in the same system, like the Charlotte Columbia k Augusta, the Columbia & Greenville, and the Virginia Midland. The Chesapeake & Ohio is again conspicuous for its very decided gain over the previous year, and every a had smaller other road in the South exhibits an increase greater or less in amount. As to IVou XXXY, large in 1881, so there is only a moderate gain this October. Central Pacific, like Union Pacific too, were very shows .. 150,693 1,793 124,182 2,810 26,766 1,953 143,245 Charleston Morehead 1831. 1,084 187,593 Brunswick, <fec Norfolk 1882. CHRONICLE. small diminution. a For the first 10 months of the 55 roads of almost 32 million year we dollars, have a gain on about 16 per cent crop3 of grain and cotton or Bearing in mind how short the last season, this is eminently satisfactory. There are but six roads with any diminution in receipts. The North¬ western roads lead in increase—the Chicago & Northwestern, the Milwaukee k St.- Paul, and the St. Paul Minneapolis & Manitoba having pretty nearly 8 millions gain between them—and the Pacific roads come next, while the Louis¬ ville k Nashville is prominent in this respect among the roads in the South. In the extreme East, the New York & New England has more than half a million increase, while on the Pacific slope the Oregon Railway k Navigation has a gain of almost $650,000. The following table gives the figures of individual roads. were _ GROSS EARNINGS FROM JANUARY 1 TO OCTOBER 31. Name of Road. 18S2. $ Atch. Tod. & Santa Fo... Burl. Cedar Rap. & No... Cairo &, St. Louis* Cent. Branch Union Pac. Central Iowa Central Pacific 11,314,821 2,276,188 1831. $ 9,822.371 Increase. Recrease. S $ 1.992,450 452,144 300.083 747,053 956,596 1,824,044 339,304 801,295 773,918 21,466,176 Chesapeake & Ohio* 19,570,949 2.679,741 1,395,227 6,69G,290 1.475,232 2,194,927 6,238,518 434,811 Chicago & Alton Chic. & Eastern Illinois. Chicago <fe Grand Trtmkt Chicago Milw. & St. Paul Chicago & Northwest.... Cliic.Sfc.P.Minn.&Omaha. Cin. Ind. St. L. & Chic.*. Cleve. Ak. A Col Col. Hock. Val. &Tol Denver & Rio Grande.... Des Moines & Ft. Dodge* Detroit Lansing & No. Flint A Pere Marquette*. Gulf Col. & Santa Fe Hannibal & 8t. Joseph... Ill. Central {ILL line) Do (la. leased lines). Indiana Bloom. A West.. .. .... lut. & Gt. North Lake Erie & Western Long Island Louisville A Nashville... Marq. Houghton & Out.* 1,754.122 16,351,000 19,864,107 4,080,067 2,197,797 422,328 2,366,630 5,402,632 277,924 1,327,889 1,681.830 1,142,370 320,106 1,133,565 1,467,123 788,694 194,324 214,707 354,176 1,933,549 317,725' 1,867,288 5,578,330 1,507,375 2.179.465 2.570,341 1,219,255 1,972,377 10.552,731 1,067,706 2,094,496 2,178,942 Metropolitan Elevated.. 2,269.527 2,738,403 New York Elevated New York & N. England. Norfolk & Western Northern Pacific Ohio Central 1,918,205 4,806,703 17,974,694 3,106,425 1,814,125 731,049 5,061,488 6,520,266 1,581,025 2,850,930 1,926,705 5,704,758 859,401 Oregon Railway <& Nav.. 4.213,800 Peoria Dec.& Evansville* Richmond & Danville St.L.A.&T. H. main line. Do do (branches).. 8t. L. Iron Mt. & South’n. St. Louis & S. Francisco St. Paul & Duluth St. Paul Minn. & Man Scioto Valley Texas & Pacific Toledo Delphos & Burl... Union Pacific 632.153 1,160,085 1,696,511 2,066,027 203,500 230.206 656,008 999,987 300,397 333.277 2,405,126 2,329,115 1,832,594 3,244,888 94,111 2,459,870 540.045 319.356 3,566,61.1 548,966 2,828,193 1,222,362 617,543 5,940,893 2,583,010 578,801 3,312,167 359,352 3,206,833 561,895 647,189 83,187 144.357 22,142.546 *1,014,406 Wabash St. L. & Pac 13,880,691 11,789,664 42,182 53,163 1,427,371 275,282 Virgiuia Midland* . 54,242 214,026 82,355 84,969 391,399 59,170 275,866 9,125,360 792,424 500,843 4,405,480 5,520,279 1,881,422 2,972,550 1.127.466 715,610 5.956.357 2,911,897 887,134 7,097,921 446,988 3,332,471 777,897 24,269,556 J1.085,336 ... 182,678 447,742 125,367 511,341 2,749,410 1,839,413 883,642 209,248 74,603 418,475 595,927 1,349,863 1,242,781 13,601,590 5.792.356 1,539,730 Milw. L. Shore & VVest’n. Mo. Kansas & Texas Missouri Pacific Mobile <fc Ohio 39.216 521,815 94,896 93,067 15,464 323,887 308,333 3,255,754 87,636 675,638 216,002 2,127,010 70,930 2,091,027 trunk-line traffic, our table does £not embrace Total 235,130,896 203,266,255 32,443,737 594,096 31.864,6 41 any of the great east-and-west lines, but we have several Net increase Three weeks only of October in each year. roads whose earnings are affected by the state of that class t January 1 to October 28. 1 Includes freight earnings only in Oct. of business, and these all show somewhat better Net earnings for September are very much like those for figures than a year ago. Among them may be mentioned the August—very favorable in the main, with one or two Lake Erie k Western, the Indiana Bloomington k prominent exceptions. Among the latter may be men¬ Western, the Cincinnati Indianapolis St. Louis k Chicago, tioned the Chicago Burlington k Quincy, which again re¬ and the Chicago k Grand Trunk. The latter is the cords a decrease, though it is only $13,815 this time, Chicago line of the Grand Trunk of Canada, and the in¬ bringing its loss for the year, (to the 1st of October.) up to crease on it is due in some measure to a greater passenger $54S.298, a part of which it is expected will be wiped business, which indeed is true of almost all the roads that out before the end of 1SS2. The Pennsylvania again has * .. have under notice. But there . large gain in a large increase, and the company is now $203,G95 ahead freight, too. Of the total increase of §61,655 on this line, of last year on the lines east of Pittsburg, though on the $34,003 was in freight—the remainder in passengers. Western lines it is $1,325,502 behind. The Northern Cen¬ Among Pacific roads, the Northern Pacific has its usual tral added $210,181 in September to its previous increase amount of increase, while the Union Pacific falls about in net, making the total gain for the nine months but little $10,000 'below last October, when, however, the earnings less than half a million dollars. The Chesapeake were very large, having been over half a million above k Ohio is another road that keeps rolling up larger net those of 18S0. Atchison Topeka k Santa Fe earnings, earnings. For September it had $125,001 this year, come our is a THE CHRONICLE. ii, 1882.] November ^[^Toniy $G5,563 the previous year, while for the cur¬ rent'year to October i it has net earnings of no less than $740 337) against only $301,337 in 1881, a gain of $430 000, or over 145 per cent. The excellent showing 535 twelve months ended lowing tables: Sept. 30, 1882, MERCHANDISE. reports a 1881.— Exports—Domestic gain of $72,000. We have not the figures months, but an exhibit for months to the 1st of November (October this year being estimated) has been furnished us1 according to which it appears that the total net for the period are $2,257,037, against $2,155,767 for the ten first nine months of last year, an increase of mond & Danville has also begun to $100,000. IS32.— Exports—Domestic*...!. Total Imports $81,541,379 $509,340,763 $719,363,351 1,115,720 12,998,936 18,128,127 $82,657,099 $522,339,699 $737,491,478 63,339,060 576,649,343 749.633.347 imports $ $ $ exports 681,961 '54,309,644 12,141,869 $61,307,618 $604,140,363 $867,130,241 1,183,761 14,250,985 18,852,695 $62,491,379 $618,397,348 $885,982,936 55,713,802 497,225.444 645,733,706 Imports Excess of exports over imports $6,777,577 $121,171,904 $240,249,230 Excess of imports over exports Foreign Total GOLD AND SILVER—COIN The Rich¬ 1882.—Exports—Dom.—Gold.. do do Gross Operating Earnings Expenses. Total Silver $ 44,802 36,174 -261,439 221,801 158,462 332,219 207,158 181,531 954,562 & VVest.. 18S2 Buffalo Pitts. loci do Do Rap. k No..1882 do 1881 Chesapeake k Ohio... .1882 Burl. Cedar Do 247,144 2,186.400 1881 do Do Chic. Burl, k * 01.763 65,362 Quincy. ..1882 2,262,081 do 1881 Gr. k West. .1882 do Do 1881 Denver k Rio Grande.. 1882 Do 30,014 Donv. Rio 1881 599,191 620,643 & Ft. D.... 1882 31.293 do Do Dea Moines 47.510 1881 do Do 5 Eliz. Lex.& Big Sandy..1882 Do do 1881 (,3o i 1882 1,112,000 touisv. &Nashv 151.098 1,017,328 14,597 Net Gross Net Earnings Earnings Earnings ' $ 049,065 491,177 $ 46,961 29.188 1,976,033 660,008 1,602,296 425,943 2,429,578 740.337 2,031,241 65,563 301.337 1,231,838 15,053,879 8,983,629 1,245,653 15,423,831 7.531,927 24,417 208,532: 11.707! 255.161 290,921 25,607; 066,947 445,053; 9,340,576 3,486,851 382,763 8,122,410 1,385,040 1,577.951 2,957,512 1,671,427 724,990 740,139 1,740,825 1,248,465 568,803 169,000 170,979 232,774 221,438 542,435 100,442 102,267 68,5581 112.606 97,530 120.168' 123.908. 322.848 269,587! 1,586,004 4.421,277 429,565 370,159 50,406 4.030,251 4.417,602 2,683.170 2.271,829 - 1882 1881 1882 1881 do Do Northern Central Do do . Penn, (all lines east of Pitts, k Erie) 1882 Do do 1881 3,735,006 do 1882 1881 386,455 276,522 2.019.017 Phrla. k Erie Do 235,883 1881 1,945,874 Phila.& Read. C.k Iron.1882 1881 1,469.315 1,410,537 111,270 102,154 213,262 1,018.334 958.785 1.381,107 1,263,807 59.82S 46,422 1882 105,582 69.979 1881 102.930 83,004 Philadelp’a & Reading. 18S2 Do do Do do Utah Central .....1882 Do West 1881 do Jersey Do do 77,712: Gross Do do Net Gross $ S $ 5,466.152 4,096,567 507,200 464,732 219.000 288,200 4,213,800 233,579 Richmond k Danville..1882 436,500 376,300 206.500 202,300 231,153 230,000 174,000 3.566,611 2,972.550 do Do do 1881 Gross Net Operating Do do . $274,127 1881 $170,949 Silver Total. Excess of exports over imports Foreign Total Gross Net Earnings Earnings $103,178' $2,032,317 $703,635 1 IMPORTS AND EXPORTS FOR SEPTEMBER AND FOR THE NINE AND TWELVE MONTHS ENDED SEPT. 30, 1882. reJ*c fiscal lows of Statistics and corrected to Oct. 28, 1882.] third monthly statement for the curyear of the imports and exports of the United States, exce9s i[aPorts or exports of merchandise was as fol- Montu ended Sept. 30, 1882 (excess of imports) $681,961 Month ended Sept. 30, 1881 (excess of exports) 6,777,577 Vinf mont?18 ended Sept. 30, 1*82 (excess of imports) 54,309,644 Twa!mon^8 emle^ Sept- 30, 1881 (excess of exports) 121,171,904 wjwemontlia ended Sept. 30, 1832 (excess of imports) 12,141,869 weive mouths ended Sept. 30, 1881 (excess of exports) 240,249,230 excess of imports or of exports of gold and silver coin ana bullion was as follows: eru]ed Sept. 30, 1882 (excess of imports) Nini leu(]?d 30, 1881 (excess of import*) Nino mout!18 ended Sept. 30, 1882 (excess of exports) TWi?onths ,euded sept. 30, 1881 (excess of imports) months ended Sept. 30, 1882 (excess of exports) ene mouths ended Sept. 30, 1881 (excess ot imports) total values of imports and of ports for the month of Sept., 1882, .. $230,525 10,199,565 41,208,793 37,629,106 29,508,451 77,320,263 domestic and foreign and for the nine and $21,516,120 $88,633,230 6,756,088 $53,071,843 10,203,153 $98,836,333 $ 77.320,263 $ 37,629,106 AND BULLION. 587,751,232 776,657,658 $ $17,366,582 13,102,851 1,574,548 17,670,100 24,009,265 $63,686,182 $633,810,085 $907,499,056 67,108,170 550,297,287 744,570,089 Imports Excess of exports over imports Excess of imports over exports a 773,139 4,383,131 $62,111,634 $016,169,935 $883,489,791 .. Total $33,542,798 $162,928,967 3,421,988 statement showing, by principal customs districts, the values of merchandise imported into, and exported from, the United States during the mouth of Sept*, 1832: Customs Districts. D-ymestic Imports. Baltimore, Md Bangor, lie Bath, Me Exports. $ 1,383,900 5,810,397 46,517 36,891 Brunswick, Ga Buffalo Creek, N. Y Cape Vincent, N. Y Champlain, N. Y Chicago, Ill DetroitJtficli Galveston, Texas Genesee, N. Y Gloucester. Mass Huron, Mich Key West, Florida 6,456,777 4,859,926 44,999 71,074 100,319 458,464 39,274 27,336 23,078 242,533 77,330 $ 134,552 232 77,447 44,824 101,629 5,419,013 18,218 1,430 4,004 ... 11,337 ........ 455 623,118 74,195 9,877 7,104 2,419 448.847 373 7,320 51,216 146,977 357,177 10,922 53i976 65,834 612,839 21,414 1,460 975 161,818 10,258 12,581 1,062,369 109,317 58,831 52,997 281,674 35,564 31,113 1,035,733 Miami, Ohio Minnesota, Minn 142,261 \ 967,431 57.831 Mobile, Ala 16,250 New Haven, Conn 72.352 00,632 New London, Conn 5,766 New Orleans, La 921,826 3,977,743 New York, N. Y 44,071,620 31,812,143 312,188 16,378 Niagara, N. Y Norfolk aud Portsm’th.Va. 34,400 32,463 OrAomn Orp.o-nn 271,249 2,454 58,354 15 . 136,897 Oswegatehie, N. Y Oswego, N. Y Tcx.|& N.M Passamaqnoddy, Me Paso del Norte, Pensacola, Fla Philadelphia, Pa Plymouth, Mass Portland & Falmouth, Me. 606,315 19,267 81,038 6,038 2,838,841 165,204 181,822 ........ 220 17,633 38,174 * ...... . 55,902 3,618,089 Diego, Cal Francisco, Cal 4,902 618,762 Savaonah, G:L Vermont, Vt Willamette, Oregon Wilmington, N. C 153,601* 56 30,871 76,870 •••••••• 1,331,213 99,295 12,986 177,414 74,956 95,545 ........ 322,384 129,161 41,114 172 . 11.3,495 .. 3.314 31.857 ..... 6,398 ........ 281 ........ 143,604 87,533 ........ 177,23(. 61,541.379 l.l 5,59. ; 19.551" 1,416,288 80,522 4,098,775 442,181 813 J63.339.060 10,074 ........ 56 322,526 03,413 7 9,7051 53,752 2,955,209 2,606 10,977 Interior p >rts All other customs districts 2.017 217 478 2,421 3,075 2,319 39,235 7,418 46,530 601,603 543,405 20,455,484 166 Portsmouth, N. H Puget’s Sound, Wash Totals $ 32,126 $ 351.916 6.662 82,402 7,612 17,437 Charleston, S. C San San Remaining Foreign in ioareh*»e Exports. Sept.'dO,’82 2,339 Boston <fe CharicsPn. Mass. Brazos de Sautiago, Tex... .. {Prepared by the Bureau Below is given the 733,727 64,987,094 Imports Excess of exports over imports $ Excess of imports over exports 912,486 following is $1,997,159 14,362,391 $62,633,134 $556,529,159 $769,625,302 1,441,474 18,119.222 24,393,938 $64,074,608 $574,648,381 $794,02 4,240 1832.— Exports—Domestio The $27,024,311 $29,508,451 $46,315,755 10,199,565 exports 1881.—Exports—Domestic Foreign 1,336,432 4,934,379 $56,532,762 $19,261,244 7,763,067 $15,442,737 $11,394,368 imports $ over Corpus Christi, Texas... Cuyahoga. Ohio Jan. 1 to Aug. 31. Earnings Expenses. Earnings Oregon Improve’mt Co.18^2 $ 2,257,037 2,155,767 2,094,470 1,727,971 2:828,103 Avgust. Name. Net Earnings Earnings 1882 1881 Do $1,194,803 $10,660,641 401.27 L 354,923 Jan. 1 to Oct. 31. 1881 Oregon R’y & Nav 629,802 884.955 789.875 35,603 10,926 Operating % 25,550 365,237 Silver.. 55,732 Earnings Expenses. Earnings. Denver k Rio Grande. .1882 577,741 1,731,426 35 888.778 13,604,501 1,463,177: 32,879 241 13,395,806 149,592; 2,909,154 1,070.500 802,103 68,260 2,595,067 1,000,083 15.552,965 6,760,340 987,089 14,919.075 6,710,156 88.148 10,779,247 032,172 141,730 9,791,680 804,065 51,442 1,122,276 643,285 October. Name. 8,242 111,315 362,752 951,566 Norfolk k Western 77,715 20,219j 1881 do Foreign—Gold 10,553,902 745,674 2,067,441 TOTAL MERCHANDISE, COIN Nash. Chat. & St. Louis 1882 do 1881 Do Do $1,475,720 681,400 Total 280,569! 318,622 4:2,111 10.586 21,912 37,132 5,923,510 $11,101,889 $41,206,793 $37,603,193 12,658,758 230,525 Imports—Gold Excess of $5,178,379 512,235 $122,616 do 70,703 125,061 $1,417,509 Silver.. do 102,977 $37,241,057 $1,135,799 $ i.—Exports—Dom.—Gold.. * 336,817 163,137 Sept. 30. r. 9,947,339 1,316,419 3,803,867 $52,308,682 $1,648,034 Excess of exports over imports Excess of imports over exports 188 Sept. 30. 24,444 301,310 Silver.. Total NAME. nine For the 12 m'nths ended m'nths ended $205,405 886,350 Silver.. Foreign— Gold GROSS AND NET EARNINGS TO LATEST DATES. Sept. 30. For the Sept. Imports—Gold Jan. 1 to AND BULLION. For the month of roads that will September. Sept. 30. . earnings; for exhibits the gross and net earnings of all furnish monthly exhibits for publication. Sept. 30. Foreign give out reports of net October its estimate is $230,000, as against $174,000 in 1881, a gain of $56,000. For September the gain*was estimated at $11,000. The following table For Uie 9 For the 12 m'nths ended tn'nlhs ended Sept. Excess of exports over Excess of imports over for • the the ten expenses | For the month of recent months by Louisville & Nashville, we discussed in a special article last week and need only allude to it now. The Denver & Rio Grande has begun to publish statements of net earnings, and for September made during presented in the fol¬ are 1 15.7201 31,050,684 THE CHRONICLE. 536 [VOL. XXXV. position is regarded as sound ,and whose bills are approved, have, as a rule, to pay one per RATES OF EXCHANGE AT LONDON AND ON LONDON cent over Bank rate for accommodation. ' Six per cent, more AT LATEST DATES. especially when the open market rate of discount in London is only 3}£ Per cent, a veiT burdensome price to pay, and EXCHANGE ON LONDON. EXCHANGE AT LONDON-Oct. 28. especially since profits in business are, owing to keen competi¬ Latest Rate. Time. Rate. Time. OnDate. tion, small. The directors of the Bank of England will probably 12*16*2 Short. keep their rate of discount at five per cent until the return Short. 12-3 312-4 | Oct. 28 Amsterdam 3 mos. 12 5 Li 312-6 Amsterdam movement of coin from Scotland takes place, which will be 25-27 Oct. 28 Short. the fact that small traders whose Pfcouetartj s <ttommcxtivcl %uqUsU . . Antwerp.... Brussels Hamburg... a 25-52^325-57^' a 25*521*2 325*57 by [Oct. 28 n 2066 20-66 20-66 320-70 320-70 320-70 28 18-45 318-47 u Berlin Frankfort... 4* 44 Copenhagen. St. Petersb’g jOct. *4 25-27 44 20-42 20-42 20-42 Oct, Oct. 28 44 2» 44 Oct. Oct. Oct, 23 Short. 28 Long. 28 Short. Oct, Oct. Oct. Oct, Oct, Oct. Oct. 28 28 3 mos. 28 Short. 28 4 mos. 4 28 44 28 44 28 44 Paris 3 mos. 25-50 325-55 Paris 4 4 12-10 312-1212 Vienna 44 46 346% Madrid 44 46 346*8 Cadiz 44 25"80 325-87*2 Genoa 44 51%351% Lisbon Alexandria. New York... Is. 7*%fid. Bombay.... 60 days 44 Is. 7*316d. Calcutta.. Hong Kong.. Shanghai.... • • • .... ...... .... .... There has been i • 25-23% 25-25*2 119 60 9534 4-81*4 IS. 72332d. Is. 713lttd. 3s. 9*40 5s. 1V1. [From our own correspondent.I London, Saturday, Oct. 28, 1882. very little demand either for loans or dis¬ during the week. A “ settlement” has been in progress the Stock Exchange, but the inquiry for loans has not per¬ counts on 2312323% Short. 25-22*2 25-30 • towards the end of November. ceptibly increased, the rate at the banks and discount houses on the best security being only 2 to 2% per cent. Mercantile paper is still very scarce, and there is no prospect of any in¬ crease in the supply. The following are the present quota¬ tions for money : Open-market rates Per cent. Open-market rates— 30 and 60 days’ 3 months’ bills 'The bills following are 3%3 .. 3% 3 .. — Pee cent. 4 months’ bank bills 3*233% 6 months’ bank bills 3% 33% 4 <fc 6 mouths’ trade bills. 3^34^ 5 Bank rate the rates of interest allowed by the jointdeposits: stock banks and discount houses for Per cent* conditi on, and Joint-stock banks 3 3 cent; but the Discount houses at call Do with 7 or 14 days’ notice 34 Bank of England directors at their weekly meeting on Thurs¬ The above figures show a reduction of per cent from those day decided on making no change in their published minimum, which is, consequently, still 5 per cent. So large a difference previously current, the low rate3 of discount in the open mar¬ is to be regretted, and there are a few who contend that a re¬ ket necessitating a smaller allowance of interest on deposits. There is no demand for gold for export, and only a few par¬ duction to 4 per cent might have been made this week ; but the majority seem to consider that the Bank authorities are justified cels of sovereigns have been sent to India. The importations in the policy they have pursued. Those, however, as far as I have also been upon a small scale. Silver has been less in de¬ know, who support the course which is being adopted by the mand, and the quotation for fine bars is somewhat easier ; bnfc Bank directors were only a few weeks ago, when the rate was Mexican dollars are unchanged in value. At the sale of India 5 per cent, contending that a 6 per cent rate, though not imme¬ Council bills on Wednesday, only a very small proportion of diately necessary, should be at once adopted. The probable the £250,000 was disposed of at Is. 77^d. the rupee. The follow¬ withdrawals of coin, in connection with the harvest and with ing prices of bullion are from the circular of Messrs. Pixley & augmented commercial engagements, together with a threat¬ Abell : GOLD. S. d. 8. it, ened demand for gold for exportation to the United States, Bar gold, fine peroz. standard. 77 9 ® The money market continues in a very easy the rate for choice bills is not more than 3% per were cited as causes justifying such a movement. proved groundless ; the provincial re¬ But those alarms have Bar gold, cont. 20 dwts. silver Spanish doubloons ..per oz. South American doubloons standard. 77 10*23 peroz. 73 9*25> per oz. 73 3 *2 3 peroz. 76 3*2® United States gold coin quirements for coin for harvest purposes have been scarcely Gentian per oz gold coin 3 d. silver. d. perceptible. The improvement in our autumn trade, to the ex¬ tent, certainly, that had been anticipated, has not taken place, Bar silver, fine per oz. standard. 50% ® Bar silver, contain’g 5 grs. gold 3 peroz. standard. 52 and there have been no exports of gold to the United States. Cake .per oz. 55**ie'3 silver peroz. 50*2 ® The 6 per cent rate of discount has not only, therefore, become Mexican dollars Chilian dollars peroz. ... a) entirely unnecessary, but the open market has been rapidly Quicksilver, £5 17s. 6d. Discount, 3 per cent. falling away from the official rate, until, as stated, a difference A feature on the Stock Exchange during the week has of as much as 1v/2 Per cent is observed. It is now said that a been that all securities of acknowledged soundness have been reduction in the Bank rate to 4 per cent is impracticable, as it in demand, and their value has had an upward tendency. would lead to an adverse movement in the exchanges, and gold Consols have reached the high price of 102%, and the markets would be speedily sent to New York, at least in sufficient quan¬ for Indian Government, Indian railway, Colonial Government tities to create anxiety ; and it is also contended that the trans¬ and municipal government securities have been rising in value. mission of a moderate quantity of coin to Scotland ^for a brief An Indian railway loan, receiving the moral support of, but not period is a sufficient reason for allowing so great a discrepancy to exist between the official and the open market rates of dis¬ guaranteed by, the Indian Government, introduced by Messrs, Baring and Messrs. Rothschilds, has been rapidly subscribed. count. It is very clear, from present indications, that there is The undertaking is called the Bengal & Northwestern Railway only little prospect of the value of money in the open market Company, Limited, and the present issue is £1,000,000, being improving, and consequently, if the present abnormal con¬ the unsubscribed portion of £2,200,000, the capital of the com¬ dition of things is to be terminated, the Bank rate must be re¬ pany. Interest at the rate of 4 per cent is to be paid out of duced. If the existing Bank minimum of 5 per cent had any influence capital; but the works are in an advanced state, and it is expected that, as the line runs through a fertile district, the ron the exchanges, the retention of the rate at that point company will soon become a dividend-paying concern. could be justified; but exchange operations are not based uptfn Annexed is a statement showing the present position of the theories but upon facts; and they are at the present time being Bank of England, the Bank rate of discount, the price of con¬ calculated by comparison with the open market rate of dis¬ sols, the average quotation for’English wheat, the price of mid¬ count, and not by the fictitious minimum of 5 per cent. If America was in the position to take gold from us, she could dling upland cotton, of 40 mule twist, fair second quality, the Bankers’ Clearing House return, compared with the three take it now, as money is very cheap in this country, but it is evident that our indebtedness to foreign countries is by no previous years: 1379. 1880. 1881. 18S2. £ £ £ £ means great, and that the balance of trade is iu our favor. On 26.626,360 28,265.290 sb and ^ the other hand, the continuance of the Bank rate at 5 per cent is undesirable for the reason that, as money in the open market is at so very moderate a point, many merchants are disposed England view the future, if not with apprehension, at least not very favorably; and this is obviously calculated to exercise an adverse influence upon our trade—a result by no means to be wished for. It also gives the capitalists, that is to say the banks, an undue advantage in the very numerous small operations which are daily being arranged throughout the country. This is due to to assume that the directors of the Bank of Circulation Public deposits. Other deposits Governm’t seeurities. Other securities Res’vc of notes & coin. Coin and bullion in 26,322,425 26,194,845 3,30 1.480 3,028,9 15 24,425,285 24,927,210 Eug. wheat, av. price. Mid. Upland cotton... No. 40 Mule twist 4,398,500 31,932.439 19,070,528 12,731,057 14,320,260 16,865.070 23,100,655 20,900,743 10,419,954 1C,801,319 16,671,039 17,832,143 both departments.. 20,992,379 Proportion of reserve to liabilities Bank rate Consols 4,544,363 28.177,105 36-40 5 p. c. 1021a 39s. 2d. 6"isd. 10 4d. Clear’g-house return. 91,588,000 18,057,666 17,363,355 21,24G,164 28,297,399 38 5 p. c. 09% 47s. Id. 6 k>d. 10*4<L 93,476,000 50*2 2% P- C. 99*3 42s. 8d. 6%d. i as. a 3l,0u7,433s 13 2 p. c. 9i7d 49s. 10A 7yl lOd. 6<j’ 80,782,000 THE 11.1882. J November The following are centres: pal foreign the current rates of discount at the princi- Bank Pr. ct. *,* lo Market. Pr. ct. 344 4 ;> ilttullUU Bank Open rale. 5S 4^8 Frankfort— n* • * * ' Amsterdam. Brussels CHRONICLE. r> 4*4 4'1g 4*2 414 4^8 rate. l’r. ct. Madrid Vienna St. Petersburg.. Open 4io Geneva Genoa Copenhagen.... 6 4 4 5 5 5 4 the spot quarter : afloat is The London stocks of wheat and flour show over last year, the totals being as under : Wheat, quarters Flour, bushels Lj Flour, sacks of failures in England and Wales gazetted dur The number corn only 15,500 quarters. American mixed has been sold this week at 35s. and 37s. per quarter, but the price for February-March delivery is 27s. per Market. Pr. ct. 5 6 Indian corn on 537 large increase a 1882 1881. 491.694 25,000 235,249 5,868 183,725 93,752 The fall of rain during the past week has been exceedingly week ending Saturday, Oct. 21, was 227, against 220 in corresponding week of last year, showing an increase of 7* heavy—heavier, in fact, than for some years past. We have or a net decrease in 1S82 to date of 732. The number of bills had some heavy gales, and the land throughout the country is of sale published in England and Wales was 835, against 1,097, so greatly saturated with water that farmers are unable to showing a decrease of 202, and a net decrease to date of 2,761* make any progress with ploughing and the sowing of grain. The number published in Ireland was 26, against 26, being a ne^. We have not, indeed, had so unfavorable an autumn season as the present, and it may therefore be concluded that the decrease, in 1SS2 to date of 343. pros¬ The following return shows the extent of the exports of pect at the present time is not very encouraging. With the British and Irish produce and manufactures, as well as of average price of English wheat under 40s. per quarter, and colonial and foreign wool, from the United Kingdom to the with but a small hope of permanent improvement, the farmers* United States during the month of September, and during the position cannot be regarded otherwise than as a serious one. nine months ended September 30, compared with the corre¬ The improvement which seemed to? be taking place has been checked, and from what quarter relief is_to come is a very diffi¬ sponding periods in the previous year: ing the the —Tn September.— 1881. 275.961 8.143 1882. 358,707 4,378 107,263 2,070 2,239,122 49,122 751,505 5,513,900 Earthenw.& pored:tin. £ 60,515 Haberdashery and mil¬ 46,828 linery £ Hardware & cutlery.. & 44,872 43,046 tons. Iron-Pig 4,151,100 54,077,400 75,300 649.186 44,256 342,498 365,827 tons. 1,000 1,390 Railroad tons. Hoops, sheets,boiler & 26,321 7,006 5,522 16,074 4,670 15,578 323 416 Alkali cwt. Apparel and slops Bags and sacks £ doz. 57,585 2.1S1 Beer and ale..-,— bids. Cotton piece goods.. yds. Bar. &c armor plates.. .tons. Tin plates tons. Cast or wrought..tons. ' 50,109 42,935 308,933 9,454 242,446 29,304 Old for remannft.tons. 6,602 6,864 Steel—Unwrought. tens. .12,632 129,586 4,543 66,153 5,316 ...lbs. 87,446 594,000 4,973 71,415 118,141 750,500 goods. ..yds. 8,723,200 Lead—Pig, Ac Linen niece goods. -yds. 7,812,400 Machinery—Steam en- 8,763,600 3,092,200 74,490,700 61 6,493,100 61,458,200 347 486 6,936,900 63,910,500 74,122,500 Jute yarn Jute piece .... £ £ gines Other kinds 2.3 42 31,901 49,545 284,730 390,298 281 640 3,992 6,391 95 219 2,787 23,310 16,207 41,065 38,752 189,493 251,799 6,219 158,038 360,862 13,093 5,155 72,213 70,219 18,990 25,643 21,691 113,691 71,653 193,355 69,830 ..cwt. mg Other kinds except paper hangings....cwt. Salt Silk broadstuffs... .yds. Other articles of silk Oil! v ....£ Mixed with other 111a“terials £ . Spirits—British... galls. Stationery, other than paper £ 8,533 .cwt. 61 .... Tin—Unwrought . .. 15,818 14,582 4,063 693,100 Wool—British -lbs. 464,000 Colonial & foreig n.lbs. 2,681,153 2,251,594 Woolen fabrics ..yds. 266,900 436,000 Worsted fabrics... yds. 2,406,600 3,130,900 Carpets, not being rugs 120,300 111,500 • The following figures relate to British North embrace the same : In September. 188 1881. Apparel and slops £ Cotton niece goods, vds. Eartlienw.&porcelain. £ linery....... 1882. 29,660 ,251,000 22,778 10,787 3,095,000 12,294 125,518 19,066 5,993 120,603 23,429 and mil¬ .... £ Hardware & cutlerv..«£ Iron-pig tons. tons. tons. Par, &c Railroad Hoops, sheets and boiler plates...tons. Tin plates tons. Cast or wrought.tons. Cotton piece goods.yds. fait Silk broadstuffs Ribbons.... 1,0G9,600 America and periods / Haberdashery 79.278 62,584 71,683 5,900 13,628 3,984,800 3.651,500 13,530,542 15,879,301 3,332,600 5,414,000 21,285,300 26,315,400 977,300 yds. £ 16,632 7,244 7.424 5,657 20,319 , 1881. 61,259 68,014 8,615 7,626 51,255 43,405 1.767 1.832 5,811,900 318,343 77,701 368,642 26,303 26,357 111,881 150.174 6,127 11,205 5,360,700 496,986 85,484 406,435 23,558 10,194 30,408 43,000 1.600 1,054 33,454 39,015 514,600 OsS,3uO 854,800 590,100 5,146,300 8,623,100 6,888,000 7,426,200 200,000 233,100 1,450,000 1,738,200 fabrics’.’’.’.. vds* worsted fabrics... Carpets, not Vds. being yds. The trade fer wheat in the early part of the week, though quiet, was tolerably film iu tone. Bad weather was cited as a reason for this partial firmness ; but notwithstanding that the weather has become still more unpropitous, the trade closes with a very unsatisfactory appearance for producers. Our imports continued on a large scale, but as the exports from J2£jican ports have declined considerably, the supply esti¬ mated to be afloat to the United Kingdom is now only 1,630,000 quarters of wheat and 150,000 quarters of flour. The supply of 1881. 1880. 1879. 5,880,850 2,667,200 23,395,200 18,427,696 19,008,017 15,729,225 41s. 8d. 49s. Sd. 41s. 3*1. 47s. 5d. in the IT. 8.... bush. 14,500,000 Afloat to United King¬ 20,250.000 14,400,000 20,787,000 Total Av’ge price of English wheat for season, qr. Visible supply of wheat dom, estimated qi... 1,803,000 2,173,000 English Market Reports—Per Cable. The daily closing quotations for securities; &c., at London, and for broadstuffs and provisions at Liverpool, are reported by cable as follows for the week ending November 10: London. Sat. 10,654 11.946 3,865,125 1,691,261 6,481,320 Pennsylvania Philadelphia & Reading. 2,889 7,108,756 1,691,596 0.874,000 produce common stock Illinois Central 451.100 5,013,223 1,742,225 1,691,596 33,083 81,277 1,559 468,900 426,898 2,557,899 11,370,764 1,691,261 33.169 9,325 8,458 103.932 222.265 2,194,820 11,435,001 57,674 509 294,635 2.009,501 11,370,764 2,463,500 10,204,151 1,712,225 166,765 2,261 167,051 318.282 1882. 29,179 1,200 1879. 11,435,601 Imports of wheat.cwt.14,200,872 Imports of Hour 2,320,328 Bales of home-grown 140,616 92,657 1880. 10.204,151 1,849,968 1,997,990 SUPPLIES AVAILABLE TOR CONSUMPTION. 931,533 cwt. Woolen corn 816,011 6,901 candj Barley Oats Peas Beans Indian Flour 1881. cwt.14,200,872 1,916,983 1,125,086 104,741 185,278 2,596,089 2,320,328 164,268 47,944,000 95,800 £ paper 1882. Wheat 151,880 43,280,100 73,057 20,114 Sugar-Re tilled,"aiul IMPORTS. 1882. 1,427 „ The /—In Nine Months.—. Spirits—British... ga 11s. Stationery, other'than -■ , 164,249 3,853 34,632 Paper—Writing or print- ' 16,400 cult problem to solve. following return shows the extent] of the imports of 2,514,664 38,939 cereal produce into the United Kingdom during the first eight 594,419 20,536 weeks of the season, compared with the corresponding period 60,232,900 in the three previous years ; it also shows the quantities of 646,665 wheat and flour placed upon the British markets during the 407,500 and three previous seasons, the average price of 396,111 current ’ 384,715 English wheat for the season, the visible supply of wheat in 16,113 162,504 the United States and the quantity of wheat afloat to the United Kingdom. 28,735 In Nine ITon ths. 1881. 1882. Silver, per oz d. Consols for money Consols for account Fr’ch rentes (in Paris) fr, U. S. Ssext’n’d into3^ U. S. 4 igs of 1891 U. S. 4s of 1907 Erie, New York Central 51iiic 10178 51 \ 102*16 1027i6 8115 10410 51*2 115 115 122*3 122*2 122*4 154 65 153*4 61*2 3 U*s 13612 3()i0 7 Corn, mix., West. “ Pork, West.mes8..$ bbi. 96 Racnit, long cleerj new Beef, pr. mess, new.^tc. 8*9 Lard, prime West. $ cwt. 62 59 10 0 6 41*0 Mon. d. 8. 12 3 8 7 8 4 8 5 8 11 7 10 96 0 0 89 62 0 59 0 0 0 10 40 30 136*4 Tues. 51»ie Wed. 51*8 102ig 102*8 80-40 104 11478 11470 122*4 122*4 39*8 15212 6II2 2914 152 6412 29*4 136*2 Fri. 104 3«70 152*4 6150 Thurs. 10210 10210 102*8 102*8 80-8712 80-65 122*2 4118 136 new 1 L1478 Sat. Am. choice, »0 Wed. Tuts. 104 114 70 d. s. Flour (ex. SI ate.. 100 lb. 12 3 8 7 Wheat, No. 1, wh. “ 8 4 Spring, No. 2, u. “ 8 5 Winter, West., u “ Cal. white “ 8 11 iee.se. 51 jl023ie 1021a 1027i6 80-5212 8» 15 1041s 10418 Liverpool. C Mon. 64U 2«70 1 35 Thurs. Fri. s. d. S. d. ft. 3 12 3 12 3 8 7 7 8 8 8 4 8 4 8 4 8 4 8 5 8 5 8 5 8 5 ■ 8 11 8 11 8 11 8 11 7 10*2 7 IOI2 7 1012 8 0 96 0 96 0 96 0 96 0 12 8 d. 3 7 12 8 89 62 59 0 0 0 -9 62 59 8. s. 0 0 0 89 62 0 0 89 62 59 0 59 0 0 0 ©ommerctal and IlXlscjcUauc0tts^lcms. National Banks.—The been organized: following national bank has lately 2,809—The First National Bank of Frankfort, Kansas. Capital, $50,000. Wm. Imports Hetlierington, Pres’t; James 8. Warden, Cashier. and Exports for the Week.—The imports of last week, compared with those of the preceding increase in both week, show an The dry goods and general merchandise. 638 THE CHRONICLE . imports were $8,873,958, against $7,657,733 the preced¬ ing week and $19,188,767 two weeks previous. The exports for the week ended Nov. 7 amounted to $8,027,765 against $5,855,520 last week and $8,036,939 two weeks previous. The following are the imports at New York for the week ending (for dry goods) Nov. 2, and for the week ending (for general merchandise) Nov. 3; also totals since the beginning of lirst (instalment No. 7) has been duly called by the board of direct and is now payable at the company’s office, No. 15 Broad total ors, Street. Rome Watertown & Ogdensbnrg.—The following is a state¬ of the financial condition of the Rome Watertown & Ogdensburg Railroad Company, September 30, 1882 : Balance Sept. 30,1881. $2,551 Expenses $1,385,426 ment week in January: FOREIGN IMPORTS AT 1879. For Week. fVoL. XXXV. Interest Earnings to September 30, 1882 1881. Balance to credit $1,822,316 Total 7,251,375 $2,020,433 6,853,525 $8,478,350 $7,817,024 $8,873,958 $1,275,153 5,222,388 $1,226,975 Total Since Jan. 1. $6,497,511 Dry goods Gen’l mer’dise.. Total 44 weeks $80,203,611 $109,157,729 196,817,855 304,829,704 151,041 '1882. $1,382,726 5,931,298 Dry goods Gen’l mer’dise.. 10.000 32,750 Rental NEW YORK. 1880. 243,009 1,819,705 Sinking l'uiul $93,052,333 $116,192,188 275,085,485 310.424,538 $277,026,466 $113,986,433 $373,137,818 $426,616,776 Total $1,822,316 Tehuantepec (Mexico).—The. Mexican Financier reports that “the Minister of Public Works has just signed a contract with Mr. Delfin Sanchez, Superintendent of the Morelos R. R. for completing the The road kasbeen was our railroad across the isthmus of partly built by an American Tehuantepec! company, but referred to in declared forfeited last August, as more fully editorial columns. The Government has determined to com¬ plete the road, and Mr. Delfin Sanchez will at once proceed to the United States to purchase materials. The contractors bind (exclusive of themselves to adhere strictly to the plaus already adopted; if specie) from the port of New York to foreign ports for the modifications are deemed necessary, these must have Govern¬ mental approval. The work is to begin next November, and the week ending November 7, and from January 1 to date : entire road is to be completed on or before the last day of Feb¬ EXPORTS FROM NEW YORK FOR THE WEEK. 1882. ruary, 1885.” In commenting upon the subject editorially the 1831. 1830. 1879. Financier says: “The contract just closed by the Mexican $8,027,765 Government for the completion of the Tehuantepec Railroad, as $6,029,302 $6,055,705 $6,819,600 Fortlie week... 290,799,262 316,236,178 317,482,357 232,203,789 Prev. reported.. given in our railroad column, promises to be the end of a com¬ plicated and vexatious question, whose late issues have caused Total 44 weeks $297,618,862 $352,291,883 $323,511,659 $290,231,554 The subject was deemed much comment in the United States. The following table shows the exports and imports of specie important enough to form an item in the last Presidential Mes¬ at the port of New York for the week ending Nov. 4, and sage to Congress, and severe criticism had been passed on the since Jan. 1,1382 : action of the Government declaring the concession to that road EXPORTS AND IMPORTS OP SPECIE AT NEW YORK. forfeited. We hold that these criticisms, while very natural to Imports. Exports. the‘injured’ party, were not well-founded.” * * * * “So Gold. far, however, from showing an unyielding demand, the Mexican Since Jan. 1. Week. Since Jan. 1. Week. Government did grant repeated extensions for the work. In his $ $106,498 message President Gonzalez says : ‘ Four different times did the $ $29,652,192 Great Britain 401 2,526,150 France Executive extend the terms of the contract. But seeing that in 232 85,660 2,500 Germany spite of such extensions the work on the road did not advance 1,809,500 403,031 6,088 West Indies in the least, and after duly notifying the company that no far¬ 206,109 Mexico 316,698 257,650 9,582 ther extension of time would be granted, and the company de¬ South America 499 91,0 16 1,299,314 All other countries cidedly failing to fulfill their engagements, the Executive was This is $413,112 $2,530,544 finally compelled to declare the concession forfeited.’ $2,500 $33,827,354 Total 1882. 671,970 50,712,439 the other, and equally important side of the question.” 432.441 Total 1881 10,000 095,956 40,252,380 2.105,723 Total 1880 Toledo Cincinnati k St. Louis--The principal subscribers Silver. to the Toledo & Delphos Trust met at the office of the Toledo $20,279 $ Great Entain $61,833 $7,521,033 Cincinnati & St. Louis Railroad Company in Boston, November 1,208 50,000 1,176,350 France 128,094 216,500 9, to hear a report from the managers of the trust. The report German/ 1,024,358 stated that, by •permission of the subscribers to the trust, some 2,924 17,154 West In lu s 7. 883.308 40,467 Mexico 814 115,077 of the funds subscribed for the completion of the road had been South America 27,2 45 used for other purposes, to pay floating indebtedness, furnish 817,167 3,512 All other countries much-needed equipment, improve the property, etc. There was $53,205 $2,205,479 now needed to Total 1882 $115,315 $9,748,204 complete the construction and secure all the 187,831 2,496.141 497.500 9,381,738 Total 1881 4,212,139 property belonging to the trust, $360,000. 58,616 This it was recom¬ 4,857,693 26,500 T'otal 1880 mended the trust subscribers pay by assessing themselves 25 Of the above imports for the week in 1882, $231,350 were per cent, or $375,000. For this the company would turn over American gold coin and $3,334 American silver coin. Of the to the trust $400,900 iu branch lines, scrip, first mortgage bonds and equipment bonds, as follows : exports for the same time, $3,512 were American nickel coin. T. O. & S. L. 6 per cent car trust bonds $126,000 California Southern.—This company issues the following T. D. <fe B. 7 per cent equipments 18.000 circular: Avondale branch 6 per cent lirst mortgage bonds 66,000 found the imports In our report of the dry goods trade will be of dry goods for one week later. The following is a statement of the exports CIRCULAR NO. 3. Boston, Nov. 6. 1382. The road of this company is now completed to Colton, a small station on the Southern Pacific Rk., 127*4 miles from National City. The boaid have recently decided fro extend the about five miles north from Colton. road at this time to San Bernardino, For the purpose of making this ex¬ to extend its wharf to deep water, tension, and to enable the company and to erect suitable sheds and other buildings for the storage and 150,000 Coupons In two 40,000 $400,000 branch roads 634 miles Total This recommendation was unanimously adopted. The report stated that the securities in the trust would be divided upon the completion of the road, if the Lew moaey was promptly paid livery of cargoes, and to complete its machine 6hops and erect freight in. The following-named were appointed a committee to con¬ and passenger stations, it has been determined to raise the sum of sider the needs of the de¬ This subscription is now offered to the stockholders under each holder of fifty shares of stock being entitled to ftufe&cribe for one block under this circular. All subscriptions must be made in sums of $800 or multiples thereof, and must be received at the offioe of the company, No. 70 Kilby Street, Boston, on or before Nov.- $417,600. circulars 1 and 2, 16, 1882. Any amount untaken by the stockholders on that day will the President may consider for the best interests of he disposed or as the company. PROPOSAL. For $800 in cash, payable one fourth on allotment, one fourth Dec. 15. 1882, one fourth Jan. 15, 1833, and one fourth Feb. 15, 1883, the California Southern Railroad Company will deliver to subscribers eight shares of the full paid capital stock of the company, and one thousand doilars in its first mortgage bonds. Thomas Nickerson, President. terminal On the part of the railroad company—R. M. Pomeroy, E. B. Phillips, Oliver Ames, W. D. Hobbs, C. W. Pierce, S. C. Blanchard. On the part of the syndicate—Ransom B. Fuller, John Felt O.-goou, Theodore Adams, C. W. Freeland, G, T. W. Braman, G. 0, company as regards elevators, payment of the January coupons. facilities and the Whitcomb, Arthur Sewall. * —Attention is called to the card of Mr. Fred. H. Smith, of this city. Mr. Smith has had an experience of over fifteen years in railroad and other securities, and has recently added tohi8 now extensive business the dealing in, and carrying on margins of, all stocks dealt in at the N. Y. Stock Exchange. : Moses, G. Henry Danville Olney & Ohio River.—This company has com¬ pleted about 98 miles of road and is operating about 130 miles Auction Sales.—The following, seldom or never sold at the between the cities of Olney and Danville, entering Danville Stock Exchange, Were sold at auction this week by Messrs. over tracks leased from the Chicago & Eastern Illinois Railroad. Adrian H. Muller & Son: There are outstanding upon the road aboutr$775,000 of first Bonds. Shares. 10.000 N. Y. Co. AccumulM mortgage bonds, and the company has a floating unsecured 80 Nat. Bk. State of N. Y....129V Debt 7s, Nov., ’88.. 1 debt of about $100,poo. The company has been obliged to 35 Georges Ctk. C Iron .0,000 Consol. Coal Co. or , Co. of Balt 91 extend some of the floating debt by reason of the failure of Md.. consol, conv. os. 97.1oU^ 300 Citizens’ G.-L. Co., Bklyn (>t) the townships to pay the bonds which had been subscribed as 3,009 Chic. Ciu. & Louis v. no (5 Met. Gas-L. Co. of Bklyn. 72 34 RR. 1st guar. 7s, due 87-ieo local aid. In this condition of affairs the trustees under the 63 N. Y. & Va. 8.8. Co $> >7,005 Col.A ludiamip.Cem. <& Dos M., 13 18 Keokuk com.. mortgage, George Whitney, Darwin E. Ware and Charles R. UR. 1st sm!c. 1U 63 Do pref..30tf,321<2 Codman, of Boston, have deemed it best to place the road tem¬ 600 L,5U0 Keokuk A. I>es M. LBGreov.wich Bk...... 110 4 1st 5s, due. 1925 y-y101 porarily in the hands of a receiver, to be appointed by the 15 Mercantile Fire Ins. Co.. TO LOGO Town of Lake. Cook United Srates Circuit Court. The company asked for the 15 Fifth Avenue Bk -150 Co., 11!., 7s, Water, 1894.-.llo« 0 Imp. & Traders’ Nat. Bk.267 appointment of Mr. Maxwell, the General Manager, but there 1,005 Clark Co.. Mo., 7s, due 1 Fulton Nat. Bk 1; O was opposition to this from Western creditors. Aug. 10. 1888 J ^ 156 Johnston Harvester Co.. 1 ! >,409 Nassau Gas-L. Co. oi 40 Nassau O.-L. Co Bklyn. 50 North River Construction Co.—The stockholders of the Bkln., 7s, reg. c-ert ...... ^ 46 2 Clinton Hall Assoc’n North River Construction Company are notified that a further Bonds. 5,000 Jeffersonville Mad. A rnriin.miTvi&t.7s. due 190o.ll* . instalment of ten on their respective shares $3,000 Toledo Water 3s,-’<94.. 124 per cent . . c ., November THE CHRONICLE. 11. J88J.J The Bank of England on Thursday showed a gain of £94,000 specie for the week, and the percentage of reserve to liabil¬ ities was 37%> against 33 15-16 last week; the discount rate remains at 5 per cent. The Bank of France gained 3,100,000 francs gold and lost 2,600,000 francs silver. jlte flankers’ ©alette. in DIVIDEND; The following dividend has recently been announced: Per cent. Name of Company. Railroad. Cleveland A Fitts., guar. (quar.). 13* When Books Closed. Payable. Dec. (Days inclusive.) 1 Nov. 11 to Dec. 1 — NEW YORK, FRIDAY, NOV. 10, 1882-5 P. I»I. Market and Financial Situation.—Since Tues¬ day there has been an impression creeping over Wall Street that Mr. Folger acted very wisely in not resigning his position as Secretary of the Treasury. As if to show his good The Money 539 Exchange.—There lias been little variation in exchange this, week, and to-day the actual rates for bankers’ prime 60 days? sterling were 4 80^to>4 81 and for demand 4 84%@4 85, with cable transfers 4 85%@4 86. The actual rates for Continen¬ tal bills are as follows: Francs, 5 23% and 5 19% ; marks. 94% and 95%@95%, and guilders, 39% and 40. Quotations for foreign exchange are as follows, the highest prices being the posted rates of leading bankers: Nov. 10. Prime bankers’ sterling Prime commercial bills Sixty Days. on London. Demand. 80*2 04 1*1*3 79*204 80 79 04 79qj 233*05 21*4 4 4 4 5 4 81*204 85% 4 83*2 04 84 4 83 04 83% purposes, and that his policy will not be changed by the elec¬ Documentary commercial Paris (francs) 5 20 05 16% tions, he sent an order on Thursday to the Assistant Treasurer Amsterdam 40 0 40% (guilders) 39500 40 in New York to redeem, without rebate of interest, any of the Frankfort or Bremen (reiclimarks) 91*4 0 943* 95*00 93% called bonds yet outstanding, to the amount of not over Coins.—The following are quotations in gold for various coiner $5,000,000 per week, thus bringing the $15,000,000 called bonds Sovereigns Silver *48 and *as. $4 82 0$4 86 993*0 par. due Jan. 18 within the limits of those which may be thus Napoleons Five francs 93 0—95 3 83 0 3 87 X X Reiclimarks. 4 73 0 4 77 Mexican dollars.. 8& 87*a0 redeemed on presentation. X Guilders 3 96 0 4 OO Do uneoraraerc’l. 85 0 87 The great topic of the week, of course, has been the result Span’ll Doubloons.15 55 015 70 English silver 4 75 0 4 83 Mex. Doubloons.. 15 45 015 65 Prus. silv. thalers. 68 0 7C % of the general elections, which give a majority in the next Fine silver bars 1 113*0 1 12*2 U. S. trade dollars 99*4 0 99 ^ U. S. silver dollars par 0 *0 prein. gold bars 993*0 pujc Congress to the Democrats. There can be no change in the Fine Dimes & *2 (limes. 99 % $ par Executive of the Federal Government, before March, 1885, and United States Bonds.;—The result of the elections has nof. the Democrats in Congress will, in the meantime, be placed on had much effect upon the prices of government bonds, and their good behavior to an extent hardly known before, so that this fact tends to prove that the decline in railroad and mis¬ any depression in stocks at this time based -on the idea of cellaneous stocks was manipulated. It is reported on what extravagant action to be taken in the National Legislature, is seems to be good authority that Mr. W. H. Vanderbilt has founded on the most shadowy of future possibilities. A com¬ recently sold $10,000,000 of liis 4 per cent bonds at private sale. The closing prices at the N. Y. Board have been as follows: mon-sense view of the situation leads one to conclude that the weakness in stocks has been engineered by parties who were Interest Nov. Nov. Nov. Nov. Nov* Periods. 4. <72 8. 9. 10 working for it; or that prices might have declined this week *10130 *101*4 *101 % without any election, and that the latter was merely used as a 5s, continued at 3 *2.. Q.-Feb. *101.1-3 101 *3 *112 *112 *112 "112 4*as, 1891 reg. Q.-Mar. *112 convenient handle to effect the result. Most assuredly, the 4*as, 1891 *113 *113*8 113 coup. Q.-Mar. *113*8 *113*8 *119*8 *11930 119** reg. Q.-Jan. *11930 *11930 railroad earnings for October, which have been compiled so Is, 1907 *11930 ‘11930 *119% 4s, 1907 coup. Q.-Jan. *11930 *119*8 10230 *10230 *102% reg. Q.-Feb. ‘102*4 *102*0 fully and comprehensively in the tables given on another page, 3s, option U. S 0 *129 *129 *129 *129 .1. <fc J. *129 6s, our’ey, 1835..reg. do not show any cause for dissatisfaction, but give an indication X *130 *130 *130 *130 6s, cur’oy, 1896.. reg. J. & J. *130 *130 -ISO *130 of the large traffic in the season of 1882-3 upon which we are 6s, cur’oy, 1397..reg. J. & J. -130 *130 *130 *130 >130 *130 6s, our’ey, 1898.. reg. J. & J. *150 now just entering. *130 *130 *130 The N. Y. State canals will be closed on 6s, our’ey. 1899.. reg. J. & J. "130 *130 — — — — — — .... .. — — — — — — / * . ; * CZ the 7th of December. Aside from the political •Tliisis the prioe bid at the morning board; no sale was made. outlook, the Western Union State and Railroad Bonds.—As to Southern State bonds, decision has attracted more attention than any other event of the result of the elections had a more direct bearing than 011 the week. The opinion of the Court says very squarely that any other class of securities. The bonds of other States than Tennessee appear to be well sustained, but Tennessee com¬ the issue of the stock dividend was void; but with the pros¬ promise bonds sold off to-day to 52. It is true that the lowpect of an appeal to the Court of Appeals, and the delay and tax party has been victorious, but there are many who be¬ uncertainty incident thereto, it is impossible now to foretell lieve that the recent adjustment of the State debt on such a what the final result will be. But the unfavorable outcome low interest basis will not be disturbed, and it would be great of Mr. Gould’s recent litigations or negotiations excites a good folly and bad policy for the party in power to undertake any new adjustment. deal of comment—first came the' Story decision against the Railroad bonds have been variable and sympathetic with elevated roads, giving property holders a right to recover stocks, and it is well worth while for cash buyers to look damages; then came the Mutual Union difficulty, entailing about now for satisfactory purchases. new law suits; after these, the great Western Union decision Railroad and Miscellaneous Stocks.—Since the opening of was rendered; then the Caro decision was affirmed in the market on Wednesday morning after the elections, there plaintiff’s has a good deal of activity with prices irregular and gen¬ been faver and a re-settlement refused; and finally the Kneeland As noted in our remarks above, there is every erally weak. party was completely victorious in the Metropolitan Com¬ reason to suppose that the elections have been made use of to pany’s election. work the market down ; and then there are always some par¬ The money market has been unsettled and high rates have ties who are ready to take the gloomiest views of a situation ruled at times, as might have been expected from the shaking (quite sincerely), and acting on such views they will sell stocks to their own detriment. There is strong suspicion, also, that up in the stock market. Borrowers on stock collaterals paid as the money market has been manipulated for the purpose of high as 20 to 25 per cent at times in the past three days, but causing stringenc3r, and shaking out holders who are carrying 6@7 per cent has been the rate for most of the business of stocks on slender margins. On the other hand, Mr. Vanderbilt is reported as wanting good houses. Government bond dealers have generally been $10,000,000 for use in some direction, and it is naturally con¬ supplied at 4(3)5 per cent. Prime commercial paper is quoted cluded that he is a buyer of stocks. With the new railroad at 6@7 per cent. lines that are opening and the new charges for obligations on The New York City Clearing-House banks in their statement interest account, there must be sharp discrimination between different stocks, and it must be remembered that a certain of Nov. 4 showed a deficiency in their legal reserve of $14,325, in the country does not benefit all railroads alike. prosperity against a surplus of $1,597,900 on Oct. 28, being a decrease for For instance, large a cotton crop can do no good to the North¬ the week of $1,612,225. western roads, and, similarly, a large grain crop can not help The following table shows the changes from the previous much the roads in the Southern Atlantic States, while such a road as the Denver & Rio Grande is peculiarly situated and relies week and a comparison with the two preceding years: for its heavy freights neither upon grain nor cotton. These are mere generalizations, it is true, but when we talk of the pros¬ 1880. 1881. 1882. Differ’nces fr’m pects of the stock market they must not be lost sight of, as Nov. 6. Nov. 5. Nov. 4. previous week. nothing is less rational than to put all stocks on a dead level, Loansand dis. $317,588,200 Tnc .$5,732,800 $313,350,900 $324,370,200 and look for a rise or fall in all of them as about equally prob¬ Specie 60.913.500 6b,691,700 58,900 52,026.900 Dee. able. The fruits of that sort Of boom have been seen in the Circulation..." 20,008 400 18.630.390 Dec. 18.691.800 117.900 Net deposits. 288.4 48.500 Inc. 4,757.700 292.082.500 307,796,700 past in such stocks as Wabash, Louisville, Denver, Richmond Legal tenders. 15,211.800 20.070.900 Dec. 11,939,6)0 & Alleghany, and many others. ' 363,900 The Western Union litigation and the Metropolitan elect ion begalreserve. $72,112,125 rne .$1,189,425 $73,020,625 $76,945,175 Reserve held. have been the principal events bearing directly upon particu¬ 78 681,300 422.800 76,125,300 72.097,800 Dec. lar stocks. Towards the close to-day the tone was irregular, Surplus.. def. $14,325 Dec.$1,612,225 $1,732,125 and $3,101,675 easily vacillating between strength and weakness. . # 540 THEJ CHRONICLE — KA NGM —~**** — ^ ’ -*■ W [Vol. XXXV. -L4JLJC PRICES AT THE N. Y. STOCK EXCHANGE FOR THE WEEK, AND SINCE IN i. —— ■■ ■ — ■ ■ — ■ ■ DAILY HIGHEST AND LOWEST PRICES. Sales of STOCKS. 'atm day, M ouday, Nov. 6. Nov. 1. »c A Tuesday, Wednesday. Thursday, Friday, Nov. 7. Nov. 8. Nov. 9. Nov. 10. i^®Week' ; fekarea. Allegany Central Topeka A Santa Fe.. 79 kj *80 09 4 pref. No.. Boston «te N. Y. Air 1 me, Burlington cedar Ri p. A Canada Southern Cedar Falls «C Minm sota Central Iowa Central or New Jeney Central I'acifio Chesapeake A Oh 1st Do 2d Chicago A Alton Chicago Burlington A Quincy. Chicago Milwaukee A St. Paul pref SO 814 81 kj 70 71 33 4 72 <8 90 =4 25 37 4 25 *30 2 5 ‘265a 1414 141 4 1314 132 110 4 111 120 127 144 4 1453a 163=4 10334 1324 1324 107 4 108 58 4 58 4 *84 85 ‘139 142 9 '89 Hi 10 4 18 30 =g 91 10 •‘'a 18 7a 37 hi 8_7s 8 -a 135=4 13G=4 517a 53 l()(5g 19 *3*7*\*384 i ! ! j pref.! , *80" * 83 New Y'ork A New England.... New Y Oik Now Haven A Hart. *184 27 4 New York Ontario A Western, j 78 k. 79 Northern Pacific Do 53 4 45 92 4 15 30 4 - — pref Ohio Central Ohio A Mississippi ^ pret Do Ohio Southern Oregon A Trans-Conliuontal... Panama, Trust Co. certificates EvansviRe.. Philadelphia A Reading j Pittsburg Ft. Wayne A Chic...! Peoria Decatur A 15 85 79 80 79 80 08 G934 148=& 1493b 40 40 32 kj 32 kj 61 61 51 Hj o2;4 52 90 50 18 4 *48 *85 50 184 35 4 35 4 2 5 =4 20 141 111 131 1314 1094 1104 1094 HO 125 4 126 4 124 4 125 143 143 4 1444' 141 -1 (53 4 103 34 101 101 131 1314 130 131 **4*8 4 *4*94 1314 154 *184 27 4 54 4 54 4 45 4 454 924 15 4 35 4 93 k> 15 k* 30 4 **8*2" *8*3** 431 200 47,055 *7*0*6 «io 4 70 4 89 4| 24 4! 8334 24 4 34 34 *25 4 57.800 12,338 2,595 1,100 1,175 35=4j 27 1404 1104! 130 4 130 =41 839 1,879 60,900 7,415 12,040 1,440 3,173 109 4 110 4 125 4 120 143 4 144 4 102 4 102 13034 1314 53 4 132 4 153, 4 87 *28 4 59 4 kj 71 84 84 130 4 134 10 4 18 4 82 4 37 9=4 17'4 824 364 504 5134 91 10 91 10 18 17 ...... ...... 83 57 4 33=4 004 50 34 4 1,305 121.700 52 94,370 14 ..... ...... 80 4 80 1464 147 4 08 38 *8 31 >8 32 1114 114 4 5934 60 J4 464 49 4 ii 10 4 18 80 4 34 -8 4 4,405 0,100 18=8 80 4 500 2,800 8 4 400 ...... 83 70 147-4 148 39 39 314 33 *80 70 H334 1104 GL' 48 01 200 100 5,805 1,700 1,850 103,950 500 494 92,5-5 200 50 *82 ...... 50 90 ...... 18 18 48 45 *SL 92 101 103 51 *4 9 30 ■4 30 34 094 70 35 334 103 *18 50 90 *45 *85 ...... *10 48 17 77 77 101 4 99 47 48 2 8 34 30 6834 69 4 32 4 3 3 4 1014 103-4 18 18 ...... 524 53 4 1307e 132 154 15 4 314 3134 48 4 5 L 1294 1314 14 4 31 15 52 90 . ...... *16 4 105 34 19 *45 *85 1,350 2*9*66 .... 18 48 700 800 10 101 1014 *48 50 30 4 30 4 09 4 09 3 3 34 30,000 500 2,300 1.900 49,000 51,800 35 103 4 1014 *18 19 120 120 52 4 53=8 1314 132 1 O '-j 15 314 314 100 100 7.900 20,145 4,931 32-8 4,020 117] 51*6 2,010 1,190 97 ..... 11,371 — 54 4 45 4 934 15 =4 37 4 54 43 4 90 144 34 4 544 5334 45 4 92 34 15 4 35 4 43 89 4 14 4 35 *824 *85*4 *29 4 594 ...... 27 55 4 66 3434 284 **42*’ 4(3 *81 37 57 804 97 34 8 1314 133 0534 8 4 80 147 4 148 4 384 08 Hj 3L34 32 4 1 14 78 115 4 61 61 50 514 84 ...... 34 4 8 4 ...... . 28 '14 23 300 905 81 105 105 *100 *100 105 37 4 384 38 4 38-4 374 38 7fe 82 4 83 8134 82 51 51 50 50 4 *181 184 4 185 184 184 27 4 27 4 27 27 4 i ‘O 87 3434 8L <3,845 *100 . 54 4 14 4 •tv 0, \ 22 4 37 57 9734 *96 . 16 4 65 29 •21 3. 71 234 394 80 37 58 98 91 4 15=8 30 *8*3*4 *824 *8*4** 25 4 27 54 4 56 4 136 136 .... 15 35 4 54 4 44 4 * 28 kj ...... 4J34 90 4 35 ;4 ...... 584 54 914 14 34 ..... ...... 4080 37 *56 ...... 16 4 60 4 ' 20 4 55 4 . Ronre Since Jan. 1, 1882. Lowest. ls^]. Highest. 07 34 194 39 -4 40 34 *81 *35 55 *95 *96 98 0 1 50 33 58 3334 4 004 149 89 1504 414 105 4 107 4 314 33 4 56 34 59;>6 1*47*4 147 4 0b i 23 4 O 414 83 37 55 4 95 4 i *4*8 4 i-i’.r* 38 4 40 10 4 10 4 105 100 4 5 14 —.**4 bu ■' _ 39-4 OO 07 44 15 27 094 5934 112-4 70 ro 70 394! II34! 1134 1134 25 4 27 ! 20 20 ■ l.>3 Oregon Railway A Nav. Co 1534' Pacific Mail 39 4 39 4 Pullman Palace Car ! 120 120 i 127 127 West.Uniou Teh. ex-certific’s.. 88 4 85 4; 82 4 85 4 Butro Tunnel j **3*9*4 *4*6*4 j 68 70 38 l4 29 4 112 4 112 4 24 4 26 ...... *39 *125 to ...... '40 k> 127 82 hi 68 39 1114 112 24 24 148 4 ]j() •58 39 122 12 4 78 4 80 4 40 4 4 100 =8 O ‘J 33 4 584 594 10 4 09 09 oS 39 4 112-A 1124 24 24 152 152 38 4 334 12334 124 79=8 1 1 Wells, Fargo A Co COAL AND MINING, Consolidation Coal i *28 i I 35 — 19 4 20 4 *19 37 4 *200 *84 414 pref 10 414 21 Mar. 127 4 Mar. 1127 July 104 4 Jan. 1184 Apr. 124 Jan. 136 Apr. 125 4 Apr. 68 afar. *414 *138 93 *65 128 139 *135 93 4 93 70 07 130 129 *28 17 4 80-4 *■ 21 20 4 37 4 21 94 44 4 ...... 9 7 8 15 4 (38 34 8 47 75 4 61 41 8 4 414 *. . . 8 34 42 *84 41 5,09*3 77,125 31.120 141,925 June ** 4 *. * .* •••••• *19 20 *18 4 ..... ...... ..... 21 94 41 ..... ..... was made at the Board. 23 ..... 1024 334 484 364 127 156 133 4 1824 1014 1294 H64 140 117 136 131 4 1474 129 148*4 40 33 k, 241 4134 Mar. 11 584 Aug. 15 3<i34 Sept. 7 77 Sept.ll Mar. 6 Feb. 25 19 59 26:hi Mar. 11 42 4 Aug. 2 804 Apr. 21)12 4 Sept.12 12 June 0i 35=4 119 34 M ar. 13 128 48 4 Nov. 9 87 4 1234 May 1 138 10 4 May 25 1734 27 May 27 37 =a 100 May 15 109 4 33 4 J tine 7 4334 67 Mar. 8 8734 50 Nov. 9 60 4 168 Feb. 17 185 204June 9 88 51 Mar. 10lr,a Oct. 234 J une 457g J une Jan. 1464 574 654 1354 63 1104 1174 594 594 93 126 131 Jam 27 96 1304 394 524 Sept. 15 80 4 964 Sept. 8 60 844 Nov. 9 164 4 190 Oet. 10 Sept. 12 9j 55 July 28 9; 19 July 21 5j 1194 Jan. 10 10 3978 Aug. 2 281 106 Aug. 30 8 9 350 121 102 63 Aug. 4 130 4 155 Oet. 27 66 ‘-2 Jau. 26 Feb 21 106 4 J an. 1 7 Fell. 15 39 July IS Jan. 19 96 Sept.21 34;4 .Mar. 104 Nov. 64 Jail. 14 24 Feb. 27 60 Sept.12 54 3« Sept. 13 26 68108 4 J an. 20:100 4 21 33 844 1264 42 644 23 304 62 k 704 347f 54 85 1144 18 4 394 .laii. 21 14 118 A ug. 314 July 28 16 Oct. 31 44 4 Mar: 8 8 134 555 90 1*4*9 (i5 125 loo 1,606 300 800 300 28 4 254 23 4 53 434 264 70 51 884 374 60 126 374 83 200 574 744 142 146 80 171 1744 50 504 774 1434 55 8.14 55 Ua 4 90 424 26 894 70 88 4 1134 414 734 38 15 105 '‘j 1314 33 h 60 71-'a Jan. 14 044 964 00 31 744 35 *6*7*“ 134 190* Feb. 14 894 1154 39 1 Mar. 14 36 78 Jan. 1934 Feb. h Aug. 12 Nov. 8 4 Jail. 17 13 k* May 20 J une 24 Mar. 2 14 Feb. 6 16 4 24 Mar. 27 24 Jan. 25 26 33 Jan. 16 40 240 Jan. 17 245 8 Oct. 3 14 4 40 Oct. 17 624 4 hi Oct. 12 19 34 18 Oct. 2 374 2 3 '• 624 151 94 24 153 Feb. 18 974 Feb. 25| 62^ 98 Oct. 25 804 Jan. 26! 514 79 142 Feb. 24 132 Sept. 6 112 4 ^ an. 17 lVJune 8 14June 6 13 May 2 4 Jau. May 19 1494 Jan. 10ll20 15 1 • t Ex-privilege 204 324 1,477 117 Juno 5 145 Jau. 1^1120 391,580 76 4 Mar. 111 933sSept. 15 77 "loo ...... ...... ::::: 45 ■ c 20 404 821. 112 80 k, 7 67 Nov. 9j 74 Sept.29 374 Nov. 91 53 78 Mar. 30 3.9 1 7 11024 Mar. 13 II934 Aug. 15 3,095 ! 20 Oct. 12 30 4 Aug. 17 1,734 i 128 Jan. 31 j 103 4 Sept.25! 37 7,070 Apr. 21! 48:4 Jiuy 11 ” '* 90 90 June 12 3,060 1,500 ..... "* 714 69 50 16 31 16 Jail. 14 13 26 4 Jan. 18 23 Mav 12 86 4 Oct. 18 64 Nov. 10 42 s8 Oct. 16 Feb. 15 16 Jan. 18 Sept. 4 110 Feb. 8 444 Oct. 16 1.11 4-Tan. 9 94 Mar. 11 924 July 25 63 1274 Jail. 4 150 4 Oct. 18 124 36 Mar. 8 49 4 Sent. 15 38 4 23 4 June 12 45 July 26 32 98 June 6 1204 Mar. 30 1124 49 4 Feb. 65 Sept. 15 44 46 4 Nov. 9j 100=4 Jan. 3 79 57 Juno 51 78 Sopt.20 50 40 Oct. 191 604 Feb. 11 15 ■4 8? Oct. 24 98 4 Jan. 28 40 Oct. 191 58 Aug. 11 17 Oct. 3 37 Mar. 30 18 4434 June 7 82\ Jan. 18 41 77 Nov. 9; 93 Oct. 4 774 77 Apr. 18:105 Sept.23 794 25 ..... 45 91 “ 62 Oct. 19 414 1094 684 924 July 24 81 IOI4 133 Jan. 7 140 July 27 127 4 142 50 Oct. 13 104 Feb. 2 82 954 (5 June 7 21 4 .Tan. 7 184 324 116 4 Apr. 24 150 4 Sept.12 107 131 50 Oct. 16 74 4 .Tan. 20 66 1134 82 Apr. 15 96 4 Aug. 3 76 4 88 Mar. 219 ’ ...... 2*634 July 22 414 Sept. 15 9 29 Sept. 15 11 145 4 Aug. 16 5 141 Aug. 9 4 1284 Sept. 9 14 1444 Sept 8 4115()34 Sept.12 10] 175 Aug. 10 18 1404 Aug. 11 654June 44 43 86,631 140 94 67 129 35 174 27 8 84 Feb'. 1 294 Feb. 23 55 4 Aug. 30 97 4 Feb. 24 lH^ Aug. 19 800 .... *8 4 These are the prices bid and asked—no sale 140 92 4 94 *67 70 *128 131 J Mariposa Land A Mining Maryland Coal Ontario Silver Mining Pennsylvania Coal Quicksilver Mining Mining Ul33 138 93 70 131 ] Homestake Mining Little Pittsburg M ining Robinson Mining Silver Cliff Mining 140 ! 138 "03 94 4 92 *08 4 71 :*xGS 129 131 |*129 13S 21 374 Jan. 4 97 kj Feb. 20 97 4 July 28 274 Apr. 18 4 Oct. Adams American United States Standard Consol. Mining Cameron Coal Central Arizona Mining Deadwood Mining Excelsior Mining New Central Coal Juno 10 Feb. 23 Fob. 1 8 80 Feb. 23 19 4 Mar. 9 31 67 37 4 34 4 Sept. 15 95 4 Sent 4 wili.o.L: 80 4 Sept. ^ 9 85 4 Feu. 2 72 Oct. 27 30 July »ti 0i July 19 0434June 5 EX I'ilES*. Do T an. n 11 284 Mar. 9 324 10 5, J 4 0 66:*4 Fob. 231100 % Sept.14 64 >e 6,443 ll;*8June 7 25-4 Jan. 14 21 3,400 27 Feb. 23 42 July 18 35 90:4 Mar. 9,112 Aug. 4 974 300 12 Juno 31 23 4.Jail. lt> 18 22,416 60 Jan. 30! 9334 Sept.25 64 165 July 28 204 May 9 190 2,5*7*6 25 June 9 3934 July 26 27 4 42,730 514Mar.lll 67 4 Jan. 7 50 10 130 June27 139 Sept. 9 127 131 4 J uly 20 143 Nov. 2 130 *2*0*0 16 May 25 40 4 Jan. 5 35 3,860 57 Oct. 13,250 Feb. 7 991 1,000 29 Nov. 9,263 Feb. 15 122 8,710 194 Nov. 10 36 ’a Mar. 22 22 100 20 Jan. 40 July 25 22 600 20 4 Mar. S 50 Sept.14 SB300 55 Jau. 16 85 Apr. 20 92 300 334 June 13 404 Jan. 25 39 400 ,* 24 844 -1pctuuo 10 . Colorado Coal A iron Delaware A Hudson Canal Mutual Union Telegraph * For Full »©nr ’ «»^ «*, 4 80 50=8 ...... 33 22 80 *35 56 27 4,650 21,198 200 US4 U94 40 4 41 3; 11 114 100 4107 4 107 4 108 314 met. 84 134 4 13(3 4 514 52 4 ...... pref...! Wabash St. Louis A Pacific 80 4 29 4 58 4 52.4*0*6 484 48 4 100 4 107-4 30 8 '• 58 4 .j 40 4 48 4 105 4 107 58 58 80 80 100 4 1074 ...... 58 274 28 23 k, 30 Rome Watertown A Ogdensb. 30 ' 42 Bt. Louis Alton A 'let re Haute 43 4 Do prof, i *81 85 St. Louis A San Francisco j 37 4 37 4 Do *50 58 4 1st pref. j Do 98 4 98 4 Bt. Paul A Duluth ; *3-4 4 30 Do pref j *94 95 Bt. Paul Minueap. A Manitoba! 147 4 148 Texas A Pacific. 40 4 414 | MlSsUKLLA N EOl's. American District, Telegraph American Tel. A Cable Co .*5 4 09 4 70 4 87 89 24 24 34 4 35 25 4 254 140 140 129 4 1304 90 4' 24 4 24 15 28 Rensselaer A Saratoga j Rich.A AUegli.,sL’cK u not cits. Richmond A Danville i Richmond A West Point I Pittsburg Rochester A Toledo Delphos A Burlington 89 4 084 * j Do 07 ‘4 ...... l pret Do 05 4 72 4 *80 31 3234 314 32 1 *100 105 105 *100 40 oil West.: 38 34 40 83 85 ’4 83 pref. 4 84 Norfolk A Western 704 ...... *80 83 79 4 79 4 1 19 3 49 4 40 40 33 k> 1 15 115^4 *60 61 51 >4 52 4 73 7 3 ;tB 50 50 89 *87 4934 50 18 18 Mobile A Ohio 125 Morris A Essex i 125 514 Nashville Chattanooga A St. E.j * New York Central A Hudson .| 1314 132 4 15 l4 15 4 New York Chic. A St. Louis... „ ! 704; 8 *y Memphis A Charleston 92 *81 92 Metropolitan Elevated I *82 * 101 =e 103 jMLioliigan Central 10134 102 7e 49 4 49 4 Milwaukee L. Sli. A West., pref 51 *49 .50 4 31 Minneapolis A St. Louis 3034 31 71 71 Do pref.. 71 714 34 7g 354 Missouri Kansas A Texas 35 4 35\ 105 'a 1004 105 4 1004 Missouri Pacific Do 60 ! 1 ...... lU kj 19 8 *s ..! Manhattan Beach Co 717a 90=8 135-'4 13G5g 5134 53 Lake Shore common 004 254 9 IllinoisCentral Indiana Bloom'n A West., newi Lake Erie A Western — Chic 33 4 73 90 107 4 10S 58 58 * 86 Green bay Win. A St. Paul... Hannibal & St. Joseph Do pref.... Houston A Texas Central Y’ork Elevated York Lake Erie A 804: * 4*3 4 4*9 -\ *49** '*49*7, East TenneHi-ee Va. A Ga Do PrefEvansville & Torre Haute .... Fort Worth A Denver City.... Do 79 " Dubuque & Sioux City Long Island 3*3 kj 163 Si 1 (53 hi 131 hi 132 >4 Cleveland Col. tin. A I ml Cleveland A Piltsburg guar... Columbia & Gieenville.mef... Columbus Chic. <& Ind. Central Delaware Lackawanna A West Denver A Rio Grande Do SO 71=8 1444 145 Chicago <fc Nortli v ©stern Do pref.. Chicago Rock Isl. A Pacific— Chicago St. L. ANew Orle«.ns. Chicago St. Faui Minn. A Ora. Do pref Cincinnati Sandusky A Clov... Louisville A Nashville... Loui.sville New Albany A Manhattan Dc 1st pref 71 25 34 37 37 27 27 4 141 142 132 132 101) "a 1 10k, 126 126^ pref.... pref Do 79 Hj * o Do 8 ormont * 11.ROADS. Atchison New New JAnTT^T Jan. 20 14 14 34 1734 324 Aug. 14 Jan. 16 240 Jan. 14 12 Jan. 19 53 Apr. 5 173, July 13 4 3 4 Sept. 15 15s Jan. 634 Feb. 27e Apr. 23 4 30 Jan. 28 234 Jan. 5 14 Feb. 6 25 1 4 43 294 84 8 35 384 254 214 754 27 454 7 14 4 18 2 2% 14 7 354 T 4 541 CHRONICLE, THE 1*8n2.J November "quotations op state and railroad bonds and miscellaneous securities. ^ STATE BONDS. N. Carolina—Gs, Michigan— a: Class 3 to Class B, 6s, Class C. 4s; 6s, 10-20a, 85 5.1906. to 5, small ..< 1906 1906 1900 A2ftK. 1899-1900.. 7a L. ROCK & Ft. S. iss. 30 ijSf-VSRB Miss. O. & R-178, Arkansas 7s, P i? t> o 7s, ’87 do Do 15 11 Cent. BK. Funding acL 1866-1900 Georgia-bs.lHob 7s, new, 1886-----7s, endorsed, 4886 7b, gold, 1890 10(5 106 113 116 65 70 70 61 V 63 (59 i v.Y-niatured coupon On, 6s, 6s, 6s, 6s, 68, Del. it II.—ContinuedAll). it Susq.—1st, 7s.. xchunge- r >',►.)(c 2d, 7s, 1885 Pricey) Ala.Central—1st. 6s, 1 Jig a llosr’v Do Do Consol. 4s, Small Ohio— *92 fund Os, 1911rat*.—1st, 6s, 1910 Balt. & liost. 98 ().—lst.Oa.Prk.Br. ; Bin“uHap. & No'.-ist.'ris! Minu.ltSt,L.-lst,7s,gu |*120 Iowa C. & West.—1st,7sj 1st, 6s, 1920 108p>'Eliz. Lex.it Bigtt.—Os... !. ijErie—1st, extended, 7s... La.it ivio. 101 54 53 P * | ill] *2! i ib'(i gold, 7s, 1920. id. coup., 7s.. 116 7s, 1398 ! '98 Miss.U.Br’ge—lst.s.f.Gs C. B.&Q.-Hj). cM 1st,’83 102V 103 V —2d,.guar. (138),7s, Os! new, now, . 44 P3 50 35 35 35 81 59 50 12 1866 1807 6s, consol, bonds 6sj ex-matured coupon. 6s, consol., 2d series 6s, deferred District of Columbia— . I | '103 Ail.it eh*—1st, Tf- 13*2 ... 62 Pa p.,7s,’97 7s. * cons., . IliV 114 134 133 133 ' 108 | 93 pa So.—lst.int.g’ar.ogl 130pj' 94 130 115p 46 oo j! 55 ! 125 i '94^1'95** 1 118 110 109 Rellev.it S. Ill.—1st,8s. SLP.Minn.it Man.—1st,7s 2d, (is, 1909 Dakota Ext.—6s, 1910.. loop* !::::::! , . 2d, 6s, 11)31 Tex.Cen.—1st, s.f. ,7s, 1909 ‘103 1st molt., 7s, 1911 Tol. Del. & Bur.—Main,6s 1st, Dayt. Div.,(is, 1910j , . . . 76 II6P2 110 *2 100 Pa 124 111 110 65 __ 1st, Ter’l trust, 6s, 1910( Va. Mid.—M.inc.,6s,1927 Wab. St.L.it P.—Gen’l, 6s 55 83 83 90 82 81 Chic. I)iv.—5s, 1910 Hav. Div.—6s, 1910 Tol.P.itW.—lst,7s,1917 109 91 108 Iowa I)iv.—6s, 1921 Ind’polis Div.—6s, 1921 ... (I . HO 104 ”82” 89 108 103 101*4 . , 104 V 108 107 Pa 106*4 107. .... „ 102 Min’s Uu.—1st,6s,1922.1 108 100 St. P. it Dul.—1st,5s, 1931 *98 So. Car. Rv.—1st, 6s,1920 Detroit Div.—6s, 1921.. 82 p ■'85" N. Pae.—G. l.g.,1 st, cp. 6h io3 v iosv 128*4 130 (iCtr’n Bay W.&S.P.—lst.Os Consol. 7s, 1903 Cairo Div.—5s, 1931 Registered Gs, 1921 ;102Hi’ Gulf Col.it S.Fe—7s, 1909 107 1107 V 5s, sinking fund, 1901.. Wabash—M., 7s, 1909.. N.O.Pac.—1st,(is,g., 1020.1 85Vl iillau.it St.Jos.—8s, conv.. 104Pa 105 Ia. Div.—8. F., 5s, 1919. *102 Tol. it\V.—1st, ext., 7s 104*2 Norf. & W.—G’l., (is, 1931! 100*4*10084! 84 Pi S.F. 4s, 1919 !j Gtmsol., (is, 1911 Ohio & 112 Miss.—Consol, s.f. *116 1st, St. L. Div., 7s, ’89 Pa 118 j JIous.it T.C.—1st,M.L.,7s 109 83 I 84 Denver Div.—4s, 1922.. Consolidated 7s, 1898..| 2d, ext., 7s, 1893 *106 ;118 4s, 1921 2d consolidated 7s,1911! Equip, b’ds, 7s, 1883. . jl20Pa il29 1st, Waco & N., 7s......j no C. R. I.ifeP.-6s,cp., 1917 | Consol, conv.. 7s, 1907 1st, Springfield Div.. 7s! 114 |115 2d consol., main line, 8s *119 *127 1129 6s, reg., 1917 Gt. West.—1st, 7s, ’88 Ohio Central—1st,(is, 1920 95 ! 95 p> .= ioi v 2d, Waco it No.,Hs,19151 Keo. it Des M.—1st, 5s. ! 2d, 7s, 1893 f 97V 1st, Ter’l Tr., 6s, 1920.. * j 94 | General, 6s, 1921..... ! Central of N. J.—1st, ’90. 110*2 Q. it T.—1st. 7s. 1390.1 102*2. 1st, Miu’l Div., 6s, 1921 .... IIous.I0.it W. Tex.—lst.Vsj 1st consol, assented. ’99 j jl09 ! j '! Han.itNaples—1st, 7s! Ohio So.—1st, 6s, 1921 ...i 1 85 Conv., assented,7s.1902' 108 llOOp; 111.Cent.—Sp.Div.—Cp. 6s| St. L. K.C.itN.—lt.e.7si Oreg’n<tCal.—1st,(5s, 1921 j lOGPj .<! Middle Div.—Reg., 5s.. Adjustment, 7s, 1903... *105 ()m. Div.—1st, 7s 104 I *i Vi Panama—S.f.,sub.6s,1910 * ! 102 Pi Lch.it W.B.—Con. g’d, as 101 * Glar'd a Br.—6s,1919! 10 4 i Peoria Dee.it Ev.—1st, (is! 111 1st consol., 7s, 1897 89 V 00 Am. D’kit I nip.—os, 1921 1 k st. Chas. Br.—lst.Os 98 ! 120 1 Evans.Div.,1st. 6s, 1920 * 2d. 7s, 1907 C. M. it 8t.P.—lst,8s,P.D. 133 .135 Pi No. Missouri—1st, 7s. 10 4 V 105*2' Pac. RRs.—Cen. 1\—G.,6s 114 gold, 5s, 1951 2d,7 3-10, P. D.. 1898... 124 I j West. U11. Tel —1900, cp. | San Joaquin Branch.. j*l08 Dub. it S. C.—1st, 7s,’83 *100 1st, 7s, $ g., R. D., 1902. 128 j 1900, reg. .'106 Cal. it Oregon—1st, (is j 2d I)iv., 7s, 1894 | 115 ! 1st, LaC. Div., 7s, 1893. 1 ! State Aid bds., 7s, ’84,*101 P> 105 j N.W.Telegrapli—17s, 1904 Ceil. F. it Mum.—1st, 7s 114 iHt, I. & M., 7s, 1897... -124 j ! 119 Land grant bonds, Gs. 103p> 104p> Mut.Un. T.—s.IL,6s,1911 124 i ' Ind. Bl. it W.—1st prf. 7s' *. 1st, I. A I)., 7s, 1899 West 90 (Vest, 112P»:114*4 jSpriug Val.W.W,—1st, 6sj Par.—Bonds,6s 126 1 1st, 4-5-Gs, 1909 1 1st, C. <fe M., 7s, 1903 So Pac. of Cal.—1st, (is.I 103 79 1103 Vi Oregon UR. & N.—1st, 6s; 126 Consol. 7s, 1905 I i 2d, 4-5-Gs, 1909 I Union lion Pacific—1st, G...| 115*8H534 i 96 Pj 9 < *2 East’n Div.—(5s, 1921 101 I 2d, 7s, 1884 i INCOME BONDS. Land grants, 7s,’87-91 lloV 1st,7s, Lift D. Ext.. 1908 124 1127 Pi Indiana}). D.it Spr.—1st,7s! 101V (Interest )nu,(ible if earned) Sinking funds, 8s, ’93 117 V1 8. W. 2d, 5s, 1911.. ! 1st, (is, 1909. 108 |110 _ 45*« 45 V 55 40 Incomes, 1900 1112pjHSciotoV.il.— 1st, 109 (is, 1887 (is, real estate, 1883 6s, subscription, 1883.. N.Y.C.itH.—1st, cp.,7s. 1st. reg., 1903 Hulls. R.—7s, 2d, s.f.,’85 Can. 2d, 7s, 1905. 6s, 6s, 2d, 6s, 1901. 1126 *•»' • 2d (3(50), new senes, 10()P»! 1st. L. it Iron ML—1st, 7sj U5Pa 2d, 7s, 1897 , 104 Pa Arkansas Br.—1st, 7s.. 107 V 83p> 87 Cairo it Fulton—1st, 7s- 107 105 p. 106 P> Cairo Ark. it T.—1st. 7s! (50 Gen. r’Vit 3. gr., 5s, 1931 *4 104 St. L. Alton it T. IT.—1st.' 114 109 2d, pref., 7s. 1894.... j 2d, income, 7s, 1894 Nash.Chat.it St.L.—1st,7h| I j new, 6s. 100 Harlem—1st, 7s, coup.. 1st, 7s, reg., 1900.,...! J.ong Lock b’ds, 7s, ’93. *i'i(j' j X.Y. Elev’d—1st. 7s, 190(i! Bul.N.Y.itE.—1st, 1916 i' 99Vm N. Y.L.E.itW.-Ne w2d 6 > : 2d, consol., fd. cp., 5s... 1 Trust Co. Receipts Buf.itS.W.—M. 6s, 1908 r.Y. & New Eng.—1st,7s I;Ev. it T. H.—1st, cons., 6s ’bo” 1 i 12PFl’t <t P.M’rq.—M.6s,1920 i 1st, 6s, 1905.... 1IN. Y.C. it S t.L.-l st, 6s 1921 107 petal, llar.it S.Ant.—1st,6s 1 1131-, 117 Riv.—1st, 7s.,*114 1st cons., 1st cons., j 100 1901 2d, 7s, 1900 ..! 8t. L. Jack. & Chic.—Inti 1st, guar. (564), 7s,’94 J j 122 .. •125 ...... 6s, 3-65s, 192 4 Small bonds Registered Funding 5s, 1899 “ small Do Do registered 1 S’thw.Ext.—lst.7s.1910 112 Morgan’s La.itT.—1st, i ...... 1909! 113 '111 - 1"95'" I ! 9i*..l 1892-8-1900. 1914 C’mp,misol3-4-5-6s,1912 Virginiar—6s, old 116 Pac. Ext.—lst.Os, 1921.1 Missouri Kail, it Tex.— ' j Gen. con., (is, 1920 1 (’oils. 7s, 1904-5-0 ..; j 97 *<2 9734 Cons. 2d, income, 1911 .1 .! 92*8 t • { * H. it Cent. Mo.—1st, ’90 | rnr». j ii-i’Ci Mobile it Ohio—New, (5s. 1 1 1 7*> Collat. Trust, (5s, 1892.. j i ! 101P 3d, 7s, 1883.... 4tli, extended, 5s, 1920. i 5th, 7s, 1883 V 37*2 -1st,7s, 2d, 7s, 1891 1 i 103*8 104*2 44 Vj 45*4 Tennessee—6s, old, 1892-8 15 15 CPi fr*a Brown consol’n 6s, 1893 BONDS. Iowa Ext. j 193 6s, Act Mar. 23, 1369 ) non-fundable, 1888.) 109 ■ !! Clies.A Ohio—Pur. m’vfd.! (Is, gold, scries A, 1908. Income 7s, 1833 Sinking fund, 6s, grant, 3P>s, S. A 1st eons., 5s, 1930 Divisional 5s, 1930 PBiz.C.it N.—S.f., deb.c.Os • 1st, 5s, 1921 j Central Iowa—1st, 7s, ’99 108 Char. Co!, it 'Aug.—1st, 7s!*102 (is, gold, seiios B, 1 08. 6s, currency, 1918 Mori gage (is, 1911.. Chicago & Alton—1st, 7s. Land E.T.Va. it(L-lst.7s,19( 101 V 102 V C.Bap.Ia.F.ifeN.—lst.Osi 106 KHJV ! i 1 Ask. South Carolina— Mil.L.S.itW.—lst.Os,192L| 93V 99*4' ltiidi. it Dan v.—Cont’d—, Debenture (is, 1927 ! Minu.itSt.L.—1 st,7s, 1927 117 120 j I niOPi1 32 32 79 Rhode Island— 6s, eouiiou, 1893-99 i 49 nartf. & E.—1st, <s 1910 6s, 1886 . ... 6 (i class 2 class 3 Bid. SECURITIES. 8 8 8 85 6*4 Special tax,class 1, *98-9 ...... '*136 ~i 1*133 j 1st, reg., 1921 1109 Jcnv.it Kio Gr.—1 st,190( ! 108 I 93 p> 93 V lsi consol., 7s, 1910 100 C'eu.—1st, 6s, 1922 Sinking Atl. & ! A.&O Chatham RR RAILROAD Railroad Ronds. bonds, J.itJ., ’92-8 Do ...... 108 108 102 Pj 118 119 121 gold, rog., 1887 gold, coup., 1887 loan, 1883 loan, 1891 loan, 1892 loan, 1893 1868-1898 Do New New York- Connecticut—6s,^1883 4.. Louisiana— 7s, consol., lOi 7«, small..-- 102 . 108 108 Pa 1 IOPj 112 116 119 108 108 due 1882 or 1883 .... due 1886 due 1887 due 1888 due 1889 or 1890....! •Asyl’m or Univ., due ’92, Funding, 1894-’95 > Hannibal *fc St. Jo., ’86 6s, 6s, 6s, 6s, 6s, 30 pj 15(5 150 130 130 10 10 15 15 5 No. Carolina RR..J.&J. A.itO Do Do coup, oft’, J.&J. Do coup. Off. A.itO. Missouri— Ask. 30Pa old, J.<tJ 6s, old, A.&O 102 117 6s, 1883 7s, 1890 Bid. SECURITIES. Ask. Bid. SECURITIES. ! Ask. Bid. securities. . . . « ^ 50 96 Pj 107 Pj 99 Pj ^ . 96 105 98 99*2 103*2 10 0 *4 107 ib'i ” "85” bo” 118*2 * iib” . "75” , ... .. . .., .. Div., 1st, 58,LaC.ifeDav.,1919 1st,8. Minn. Div.,(is, 1910 1st, H. ift D., 7s, 1910 Oh. it Pac. l)iv.,6s,1910 1st, Chic.ifcP.W.,5s, 1921 Miu’l Pt. Div., 5s, 1910. C.&L.Sup.Div., 5s, 1921 C. <fe N’west—S.td., 7s, ’85 .. 92\ Kent’kyCen.—M. 6s, 91 100 .....'135 100 108 106 126 128 Pi 1127 112 ? ^ °* P.itM.1st,Gs,1918 Vas.—1 st, 6s, 1930. St.P.&S.C.—1st,08,1919 Clnc.&E. Ill.-i st,s.f.,ear. Col. & c 95 - 1st, 6s, •ho Louisv.C.it L.—6s, 1931; JL. Erie & W.— 1st, 6s, 1919 i ; 1 123 129 124 Pj’ 119 Pi I 114*2 115pj 105 90 95 | 100 105 ! 1 P>! j Consol., (is, 1905 IncomeitLd.gr., reg. 1st, BioG.Div.,6H,1930' 90 ioo" *40 I 4pjs.lst c.; Registered, 1921 PitLC.it St.L.—lst,e. 7s 1st, reg., 7s, 1900 2d, 7s, 1913.... ..! Pa.Co’s guar. ...... 100 Sandu.skv Div.—(is, 1919 ' 100 ) 98 ! j jLouisv.N.Alb.itC.—1st,6s! Manhat.B’chCo.—7s,1909 90:5.j 2d, 7s, 1*91 Bonds, 7s, 1900 ‘ *122 *134 115 7s Oi 1871, Dfi 1901*.*””” (‘oi,so1m guar., 7s . 1st, ext., 7s, 1891 toup., 7s, 1894.. W* pU*£?Civ.,cp.,7s,1917 Div., feg., 7s, 1894 r 87 , 'Mex. Ceil.—1st, 7s, 1911...! ! 121 Pi, Midi. Ceil.—Con., 7s, 1902 123pj 124 105*2 107 115 >2 116 . . 115 ) ! * • 128 Consolidated 5s, 1902.,| j ! 102 Equipm’t bds.j-Ss, 1883. I (is, 1909 115 115*2 ioo" Coupon, 5s, 1931 Registered, 5s, 1931 j j J acK. Lau.it Sag-.—6s,’911 Mil. & No. 1st, 6s, 1910. J | No price Fridaj— thesy are 1 ateat qu tations made ' 98 V 9734; 98 91 ; reg., 7s, 1917. * i i this week. 98 50 *90p>! 92 5(5pj 58 80 | 80 P> •••••« 24 G. BavW.it St.P.—2d.ine. Tinl. Bl. it W.—Inc,, 1919 " 4*8*2 ”4*9** Consol. Inc., (is, 1921... Iud’s Dec.itSpr’d—2d|inc Trust Co. certiticates... Int. & Gt. North.—2d inc. 2d assented, 6s, 1909... Leh.it Wilkesb. Coal—’88 ”8*6” W.—Inc.7s.’99| Laf.Bl.it Mnn.—111c.7s,’99i Mil. Ji. S. it W.— Incomes Mob.it O.—1st prf. deben.; 2d pref. debentures ’ it Al.—1st, 7s, 1920 :Rich.it Danv.—Cons.g.,Os' 50 50 52 ...... 40 49 78 80*8 ...... 48 39 . 90 56*2 N.Y.P.itO.—1st inc.ac.7s.' ;.... 2d, guar., 7s, 1898 J I 'itts.B.it B.—1st,6s,1911! 1 tome W’.it Og.—Con., 1st J I ”74'" '40 V 118 H 10 , 65 60pj 40 Ohio Cent.—Income, 1920 Min’l Div.—Inc.7s,1921 1 Ohio So.—2d inc,, 6s, 1921 j ogdciis.it L.C.—Inc,, 1920 small I ' I Pt-m ia D.it Ev.—Inc.,1920 Evans. Div.—Inc., 1920 1921.1 46 32 j ltomc \\'. A Og.—Inc., 7s. So. car. Ky.—Iuc.,6s, 1931 • sr. J.ouisl. Mt. (t So.— 97 i 1st, 7s, pref., int.a-dim. i '2d, 6s, ini. accum’l dive St g{,-S: Ry.-Scr. 11..in •. 94 ..... Plain iuVqmcs, 6s, 1 •>'. 6. * (Sterling Mt.iiy. - ,ic..'i).> Roch.it 14 Its.—Inc,, lst.Tr't Co.ctfs.suppl. St.L. Y.iftT. I i.—lst.g.,7s 2d, 7s. 1898 ’bo” Central of N. J.—1903 C. it I. C.—Inc. 7s,’90 jCol. 1 Sand’kyDiv.—Inc., 1920 ll()i.. 121 4th, sink, fd., (is, 1892 Col. C. it r.C.—1 st,consol. 2d consol., 7s, 1909. 1 st .Tr’st Co.etfs. ,ass’d 2d,Tr’st Co. ctfs.,ass’d 85 Alleg’y Cent.—Inc., 1912. Lake E. it 2d. 7s, 1912 128 3(i. 7s. 1912 i Clev. it Pitts.—Cons. s.f. '123*a 124 100 104 90 87 70 (110 125 <. ! 103 P> 187*2 139 * 136 J 135 N.Y.itM.B’li—lst,7s,’97 .‘Marietta it Ciu.—1st, 7s. j 1st, sterling | ■ Pitts. Ft. W. it Ch.—1st I 130 92 i 114*2 118 99 Jill lOOV*107 So. Pac. of Mo.—1st.. *103 V Tex.ift Pac.—lst,6s,1905| 102 i . 100 88*2 1896.........! HO St. L.it S. 98V! *98*s Jill -VlAtl. it Pac.—Inc., 1910. 2d, 7s, 1891 ...4*110 F.—2d,6s,cl. A 95 3-us, class C, 1906.... I 90 class B, 3-6s, 1906 90 1st, 6s. Peirce C. <t O..f Equipment, 7s, 1895.1* 124V! * '108 111 1109 3d. 7s, 1906 Pacific of Mo.—1st, 6s *105 P> 100 125*2 iLaf.Bl. it M.—1st, 6«, 1 i)li>j 81 1.22 , st,6s,’95; 108*2 117^!! Ala. Cent.—Inc. 6s, 1918. 107 Reorga’11 Tr’st (.’o. Cert. 100t2101 Cent. I a.—(’oun.deht rtfs. C.Br.U.P.—F.c., 7s,’95 100 iCh.St.P.itM.—L.g.iuc., 6s At.C.&P.—1st,6s,1905! 95 lChic.it E. Ill.—Iuc., 1907 At. J.C’o.ife W.—1st, Os 93 Oreg. Short L.—1st,6s *100 j 101P2 DesM.it Ft. D.—lst,ine.,6s jDet.Mac.it Marq.—Inc.. Ut. So,—Gen.,7s, 1909 106*4! Extern, 1st, 7s, 1909 100V;101P» iE.T.V.it Ga.-Inc.,6s,1931 Mo. I’ac.—1st cons., 6s. 99 V El. C.& No.—2d iuc., 1970 1 124 (is...j Den. Div..6s,as’(l,’99| 1st consol., 6s, 1919 105 Leban’n-Knox—(is, 1931 j 100 111 *i()9 *2 Kans. Pac.—1 108 w Registered 8s,1893 .J* Collateral trust, 82 ... Coupon, gold, 7s, 1902.. Reg., gold, 7s, 1902 Sinking fund, 6s, 1929. Consol., coup., 2d, 7s. j C’onflol., reg., 2d, 7s... Sinking fund, reg 99 V 99 Pi Sinking fund, 5s, 1929. Sinking fund, reg j *99 !. Escan’a <t L.S.—1st, 6s.j*lOS illl iLouisv.it N.—Cons.7s,’98, Des M. ift Min’s—1st,7s. 2d, 7s, gold, 1883 I 'wa Ceeilian Broh—7s, 1907' 120 I Midland—1st, 8s. 120 N.O.itMou.—1st, 6s 1930 Peninsula—1st,conv. 7s j E. H. it N.—1st,6s, 19191 Chicago ift Mil.—1st, 7s 122 Pj. 126 Vin.it St. P.—1st,7s,’87 107 V HO General, 6s, 1930 Peusac’la Div.—6s, 1920 2d, 7s, 1907 *129 Mil.ifeM. d.-lst,6s,1905 St, L. Div.—1st, 6s, 1921' ; 114 2d, 3s, 1980 C.C.C.&Ind’s—1st, 7s, s. f. 120 i Consol. 7s, 1914 121 Nashv. & Dec.—1st, 7s. 123 S.&N. 107 Ala.—S.f.,(is,1910! C.St.P.M.ifto.—Consol.,6s 407*2 C. St, si j 1911 j Lake Shore it Mich So.— i Mich.S. it N.I.—S.fd.,7s 10434 Clove. & Tol.—Sink, fd.! 106*2 New' bonds, 7s, 1886..; 105'*4 111 Clove. P. it Ash.—7s 121*2 Butt', it Firie—New' bda. Kal. it W. Pigeon—1st. *102 *120 Det.M.&T.—1st,7 s,1900 i Lake Shore—Div. bonds 120 12(5 106 Interest bonds. 7s, 1883 Consol, bonds, 7s, 1915. Extens'n bonds, 7s, ’85. 1st, 7s, 1885 . Coupon, 6s, 1909 92 7q .! 104* Int.it Gt.No.— 1st,6s,gold! 93 ! 95 108 V 109 119 1120 109 111 ----- 108 117 110 115 (i8 pj 70 104 *2 104 :t4 St.L. A.it’l'.H.— i1 ivT b is. 82 81 lToi.Iicl.it Ji.--4nr.JJs.19IO iiavton Div.— (is, 1910 95 ;I 94 jTex.it St. L.-L.g.,inc.il'2 > 46 j **8*6” 1 70 50 1 GO ! 1 37 20*4 THE CHRONICLE] 542 Quotations in Boston, Philadelphia and Baltimore. New York Local Securities. Insurance Stock List. [Quotations by E. S. Bailet, Broker, No. 7 Pine Street.] Bank Stock List* Marked thus (*) are not National. Par. LOO 100 100 America* A Ed. Exchange. Bowery. Icrteheirs’ ft Drov’rs’ Central.... Chase Chatham Chemical Citizens’ City Commerce Continental Corn Exchange* Bast River Eleventh Ward* Fifth Fifth Avenue* First Fourth Fulton Gallatin. German American*. German Exchange*. Germania* Greenwich* Hanover Imp. and Traders'... Irving Island City* Leather Manul’trs’. Manhattan* Marine Market Mechanics’ Mechanics’ A Tr’drs’ Mercantile Merchants’. Merchants' Exch’ge Metropolis* Metropolitan 25 25 100 100 25 100 25 100 100 100 100 25 25 100 100 100 100 80 50 75 100 100 25 100 100 50 50 100 50 100 100 25 25 100 50 50 100 Bid.] Ask. 155 |ieo 129%! .. Bowery Broadway. Brooklyn Citizens’ 125 City Clinton Columbia 2001 Commercial.... Continental 211* * 149% 151 Eagle Empire City i?5 Exchange Far rag ut Firemen’s Firemen’s Trust Franklin & Emp.... German-American.. Germania 110 .. 125 100 Globe Greenwich Guardian Hamilton Hanover Hoffman Home Howard 133 200 135 136 Importers’ & Tr’d’rs Irving Jefferson Kings County (Bkn.) Knickerbocker Lafayette (Br’kJyn). 152 120 132 Lamar Lenox Long Island 122% . Murray Hill* Nassau* New York New York County... N. Y. Nat’l ExctPge. Ninth North America*.... North River* Oriental* Pacific* Park 100 100 100 100 100 100 70 People’s* Phenix Produce* Nassau 0t. Nicholas Seventh Ward Seoond Shoe and Leather.. Sixth State of New York. National York Equitable Y'ork Fife ... York A Boston. York City... Niagara North River 30 25 50 100 25 20 Third Tradesmen’s Union— United States Wall Street West Side* 100 100 100 100 100 100 100 100 40 50 ieo 50 100 (Brooklyn).. New New New New Pacific Park Peter Cooper ioo 50 Republic (B’klyn) Lorillard Manufac’rs’ A Build. Manhattan Mech. A Traders’... Mechanics’ (B’klyn). Mercantile Merchants’ Montauk (Brooklyn) *95 100 Mount Morris*.. 50 100 25 American American Exchange 130 1J0 People’s Phenix 105 Relief Republic Rutgers’ Standard 130 Star Sterling Stuyvesant no 150 155 Tradesmen’s United States Westchester Williamsburg City. 25 17 20 70 100 30 50 100 40 100 30 50 17 10 100 100 50 50 !25 100 15 50 50 100 50 50 100 30 20 40 50 100 25 50 25 100 140 105 I HO 100 no 140 118 115 90 216 200 75 90 117 80 100 117 180 no no 250 00 118 135 83 143 80 60 50 140 18C 100 25 50 50 50 50 50 37* 35 100 100 100 50 25 25 100 20 50 50 50 100 25 50 100 100 25 25 25 10 50 76 103 70 75 100 53 107 50 130 130 65 105 105 140 130 140 90 5 00 170 100 175 117 150 114 140 05 75 ;so 100 70 50 115 70 125 120 223 Brooklyn Gas Light Co Citizens’ Gaa Co (Bklvn) do bonds 25 20 Jersey City A Hoboken Metropolitan bonds Matual.N. Y Nassau. Brooklyn do scrip 100 10 People's (Brooklyn) Bonds Bonds Central of New York Williamsburg do 1,000 Var. 50 50 ... bonds 1,000 Metropolitan, Brooklyn Municipal do 100 100 bonds 4,000,000 1,000,000 375,000 125,000 400,000 1,000,000 1,000,000 ioo Fulton Municipal 3 150 112 210 180 195 150 125 130 40 100 230 22) 85 100 125 90 100 120 193 150 120 283 03 120 143 85 150 85 75 55 150 210 80 107 75 80 M. AN. J. A J. M.AN. Var. F.A A. Quar, ••«•••• 750,000 M.AN. 0 1888 Connott m do CaB'ornia 100 094,000 J. A J. 100 2,100,000 Q-J. _lat mortgage 1,000 1,500,000 J. AD. 10 2,000,000 Q-F. Brooklyn City—Stock 1st mortgage. 1,000 300,000 M.AN. 100 Broadway (Brobklyn)—Stock 200,000 Q-J. 100 Brooklyn Crosstown.—St’k.... 400,000 C—J. 1st mortgage bonds 1,000 300,000 Q-J. Buahwick Av. (B’klyn)—Stock. 100 500,000 J. A J. Central Pk. N. A E. itiv.—Stock 100 1,800,000 Q-J. Consolidated mort. bonds 1,000 1,200,000 J. AD. Christopher ft Tenth St.—Stock 100 650,000 F.AA. Bonds i,eoo 250,000 J. A J. .. Dry Dock E.B.A Batt’ry—Stock 1st mortgage, consolidated .. Eighth Avenue—Stock Lsfr mortgage 42d St. ft Grand St. Ferry—St’k 1st mortgage Central Cross Town—Stock lat mortgage Houat.West St.& Pav.F’y—St’k 1st mortgage Second Avenue—Stock 3d mortgage Consol, convertible Extension Sixth Avenue—Stock 1st mortgage Third Avenue—Stock 1st mortgjige Twenty-third Street—Stock. 1st mortgage * 100 •300&C 100 100 1,000 100 1,000 100 500 100 1,000 1.000 •".oOite 100 1,000 100 1,000 .. 100 1.000 column shows last dividend oa 1,200,000 Q-F. 900,000 J. AD. 1,000,000 Q-J. 203,000 J. A J. 748,000 M.AN. 230,000 A.AO. ’ 6 7 000,000 ioo 100 220 215 Pueblo A Ark. Valley, Rutland 6s,1st mort do 100 Boiton C;ln. Boston A Boston A Boston A 110 80 103 8) 750,000 500,000 2,< 100,000 2,000,000 000,001 250,000 M.AN. J.AJ. Q-F. J.AJ. 7 5 F. AA. M.A N. 4 4 7 175* 57 99% Lowell Maine. Providence...... x 100 itji* 28% 29 Eastern Eastern (Mass.) (New Hampshire)... Fitchburg Flint A Pere do Fort Scott A Marq ...... • •••••• Mar. 135 21 pref.... .x Hough. A . Lawrence.... 0S>4 69 117 144 50 Nov., ’88’107 Sept..’83) 115 Mar., ’82 245 July. NO 110 20 50 53% •• 51% Williamsport....... 40 75 17% 04%! 65% 50 Paul A do 53% .... United N. J. ' 35% 53 65 59% 59% Duluth R.It. Com . do pref. Companies...... West Chester West Jersey 03 62% Philadelphia A Erie... Phtla. Germ. A Norristown. Pnua. Newtown A N. x ...... Pnlladelphla A Reading Philadelphia A Trenton Phlla.Wllmlng. A Baltimore. Pittsb. Cln. A St. Louis, com. al 34 ... Schuylkill.... Central Pennsylvania .... ! 1(9 s 27% 189 ‘27% ISO consol, pref— West Jersey A Atlantic CANAL STOCKS. Lehigh Navigation Pennsylvania Schuylkill Navigation.... .. do pref... 12 railroad bonds. 123 Allegheny V ai.. 7 3- lCs. 1396... 122 do 7s, E. ext..1916 118 do Inc. 78, end..c.’94. 48 50 Belvldere Dela. 1st m.,63,i'j02. 122 do 2dm.6s. ’85.. 104 do 3d m. 6s, *37.. 104 Camden AAra'-C'* os.toup.’st 101% do 6s, coup., ’39 115 80 110 .... 94 95 121 121 06 94% lnc.AL gr.,78 1915 m Union A Titusv. 1st m. 7s ’90. 90 United N. J. cons. m.6s,*94.. Warren A F. 1st m.7s,’96 tVd% West Chester cons. 7s, ’91 West Jersey 6s, deb.,coup.,*8S do do lstm.6a,cp.,’%. do 1st m. 7s,’90. do cons. 119 0s, 1909 — 113 W. Jersey A Atl. 1st in. Ss, cp. Western Penn. RR. 6s,cp. 93. do 6s P. B.,*96 no 108 89 103% U4% 90 107 m.6s.rg.,’97. .... 95% 10S% do mort. 6e. sJ Cara. & Atl. 1st m. 7s, g.. 139£ co 2d in. 6s, 1904..., 102 do cons., ti p. c Cam. A Burlington Co. 6a,*97. Catawlssa 1st,7s, coav., cp.’s2 260 115 11*2% Baltimore 6s. 1S84, quarterly. do 6s, 1866, J.ft J do 6s, 1890, quarterly... 115 do 8b, park, 1890, Q.—M. do 6s, 1893, M. AS...... do 68,exempt,’93.M.AS. do 08,1900, Q.-J. do 68,1902, J. AJ 118 do 5s, 1916, new Norfolk water, 8s railroad STOCKS. Balt. A Ohio do 1st pref do 2d pref 197 • • • • Par.’ 100 108 115% 127 130 122% 120% --135 129 do Wash. Branch.100 Parkersb’g Br. .50 do Northern Central SO 10 56 17 Western Maryland •••S Central Ohio, common. ...50 Pittsbu g A Connelisville... RAlLltOAD BONDS. Atlanta A Char. Ists 100% 107% <:o Inc .... 80 Balt. A Ohio 6s, 1885,A.AO. .. 104%’l91« Columbia A Gree^v. Ists.... .... 101 80 73 do 21s. .. do 106 N. W. Va. 3d m.,guar.,’S5,JAJ 121 Pittsb.A Conaellsv.7s,’98 J AJ it 6 Northern Central 6s,’85, JAJ do 6a. 1900, A.AO. i'10% do 6s,gld,l900, J.AJ. 110 108% Cen. Ohio 6s. 1st in..’9C.M.A S. W. Md. 6s,lst m.,gr.,’90,J.AJ. do 1st m.,1890,J.AJ... do 2dm.,guar.,J.&J.... 110 do 2d m.,pref ........... ICO do 2d m.,gr. by W.Co.JA-) 110 do 6e, 3d in., guar., J.A J. .... .... 150 115 do * chat. m.f * Iu default. 10s,’88 .. f Per share. i°o% do 2d, M. A N .. C0 do 8a. 3d, J.AJ Richmond A Danv., gold, 6i.; 110 Umon RR. 1st. guar., J. A do <:-nion endorsed. j!03 Vhginia & Tenn. is ... iis .... 60 ... .... Hto:ks% out the date of maturity of bonds Pitts.Gin. ASt. L. 7s, reg.,190t 1 do do 7s, cp., 1900 i irllinllluoV#® pittsb. Titusv. A B.. JO.* 7a, 16,ep.t cp..*96 sru inf 1G1K Rich.A Danv.cons.lnt.6a,1915 1901 Bharaokln V.A Pottsv.7a, BALTIMORE. 5» Bro^Top... LeWghWley^.....; •••;• pref.... 99 *75 , do do 4%s,reg.,1921 do do coup., 19il Phil.A R.Coal A Ir *n deo.7s.92* do deb. 7s. cps»ofi do mort., 7s, 1892-4 P.Mt.Joy* Lancaster. Huutn*don* do 00 do 2d m. 6s, reg., 1907 57 MISCELLANEOUS BONDS. 107 Penn. Co., 6s. reg - • Har Nov., '--'2 2TO July, ’90 110 Aug.,'82 151 May, ’93.110 pref Nesquehonlng Valley Norfolk A Western, com ,Phll.Wilm.ABalt.,4s,Tr.cert8 im 3chuylk. Nav.lst Atlantic.. Delaware a Bound Brook.... East Pennsylvania..... Elmira A do uo prer.. Little 7s, R. C., 1893* 7s, coup, off, ’9S 94% Morris, boat loan, reg., 1885.. Pennsylvania 6s, coup-, 1910.. 7 19% do .... 120 59 i 16 Mi Lehigh Naviga.m.,68, reg.,’84 103 do mort. RR., rg .’97— 114 do con8.m.7s,rg.,191!... 117 do Gr’nw’d Tr.7a, rg.,’92 im PHILADELPHIA. railroad STOCKS.+ do 118 do gen.rn.7s, cp., 190i CANAL BONDS. Ches. A Del.. 1st m.. 6s, 1836 4& Wisconsin Central........... pref do Catawlssa..... do lat pref do 21 pref.... 102% 103 Texas A Pac. 1st m.,6s,g..l905 101 Rio Gr. Div.,1830 do do cons. m.,6e,g.,1905 94 160 Norwich A Worcester....... Ogdensb. A L. Champlain ... 137% 138 Portland Saco A Portsmouth 112% 125% Pullman Palace Car x 20 Camden A 111 21% 97% Sunbury A Erie 1st m.7s, ’97.. ,8unb. Haz. A W.,lst m.jSa,^. \ do 2d m. 6a, 1938.. Syra.Gen.A Corn’g,lst,7s,190& 90 47 Smith.... England... Hampshire... 102% 103 121 Gulf, pref Nashua* Lowell............... New York A New Northern of N. 132 « 120 tL do common. Iowa Falls A Sioux City..... Llttie Rock A Fort Maine Central Manchester A lift 124 123 133 do conv. do 92 5 Pasaumpslc Conuotton Valley UO 110 Pa.A N.Y.C. A RR. 7s,1896 . do 1906.... Perklomen 1st m. is,coup.,’87 Phlla. A Erie 2d m. 7s,cp.,’S8 do cons. mort. 6s.i920 po do 5s,1920 Phlla. Newt’n A N.Y.. 1st, *9. Phil. A R. 1st m. 6s, ex. due 1910 do 2dm.,7s,cp.,93. do cons. m..7s,rg., 1911 do do cp.,1911 do cons.m.63,g.lR0191l do lmp.IR.,63,g„ C. 1897 do gen. m. 6i, g.. C.180do J.n. m., 7s,coup.,1896. do deb. coup., IS93*— do do coup, off, 1893. do scrip, 1882 84% Conn. A 140 119 112 112 2)5 119 185 7 7 7 5 84 174 Concord Connecticut River. 112 July, ‘82 175 Apr.. ’85 103 150,000 A.AO. 110-4 A Fitch Pennsylvania. July. ’94 lu5 l ,050,000 M.AN. 2<> »,000 M.A S. x asSWSB&:::: Cln.Bandusky A Clev 20 112 147 IdL 2J5 110 205 200 Nov.itkji 1,100,500 J.AJ. 113 Income, A Albany Boston North 7 4 * 71% 105% <s Topeka ... con. m.,6s,rg.,1923 132^ do 6s,cp.,1928 Schuylkill, 1st m.7s,’82 jN. O. Pac., 1st m.. 6s, 1920 .. North. Pena. 1st m. 8s, cp.,*85 IO0J4 I do 2dm.7s,cp.,’96. 119 do gen. m. 7s. reg., 190^ do gen. m.78, cp., 1903. j do debenturefis,reg... iofl% ;Norf*k&West.,gen. m. ,6s. 1931 100% 101 lOU Creek, 1st 6s, coup., 19r3.. 102 Pennsylv.,gen. in. 6s, rg., 1910 125 do gen.ra. 6s,cp..l9ll) 124% do con8.rn.6s, rg.,1905. 122 do cons.m.6s,cp., 1903. 132 do do 5s,reg.,191y 108^ STOCKS. Atchison A 110 80 7- * 111 107 33 ... 00 Little Day’n I), Main L.. do Northern Ocr.. ’82 250 Jan., ’81 100 May, ’82 24) 2d mort. 6s. 1900 reg., ’li¬ 122 do 1st, 6a. cp.,189fc 102 do 2d m. 7s, reg., 1910.. {Lehigh Valley, 1st,6s. Ut 6s....... do do ! 500,000 J.AJ. * bt. L., T. Clan. A do 1 Old Colony, 7s Old Colony,0S ........V* 175 200,00) M.AN. 250,000 - 71 100 .. 1093* 102 Revere Beach A Lynn Tol. Cin. A St. Louis Vermont A Massachusetts.. Worcester A Nashua 97 155 June, ’93il!5 Apr.,’93 W’msport, istin..63,19l0 i‘1'5 do Ss.perp Harrisburg 1st mort. 6s, ’83... H. A B. T. 1st m. 7s, gold, ’90. i co codb. m. 5s, 1345.... IthacaA Athens 1st g d, 7s.,’95 'Junction 1st mort. 6s, ’82 L. Ch.con.oj. inc. do 70 140 140 75 110 118 153 100 150 95 10 05 180 100 180 125 175 120 145 75 85 150 110 75 30 125 75 135 125 200 110 70 no Oct., ’82 144 June *84 103 3% Nov.. 82 208 7 102 6 Oct., *82 19J 0 Oct., ’82 180 7 1888 105 6 Oct., ’82 150 6 Oct.. ’82 144 7 Dec. 1902 117% 2% Aug.. ’82 108 7 isy0 1C8 4 Nov., '82 255 7 3 7 <s A So. PaC. 7s... Ogdensburg A 105 00 112 !05 08 !05 2 7 *- - no 100 El.A 110% Central, <s— York A New Eng. 6s.... New Mexico * 1 * % July. ’82 7 J’ly,1900 107 1,000 ... 109*4 Central. 6s... .. ... do do Mexican New {Easton & Amboy, 5a, 1920 .. Kaa.City. St. Jo.AC. B. »s. . Little B’k A Ft. Smith, <8,1st Bid. Ask. 70 900,000 J. A J. . 5a Southern, 6s Hartford A Erie 7s ........... K City Lawrence A So. 5s... Mass .East Penn. 1st mort.Is, ’88 D.Ex Kastorn,Mass.,4^8,new. Fort Scott A Gulf «s [Quotations by H. L. Grant, Broker, 143 Broadway.] Bleeeker 8t. ft Fult. Ferry—St’k 1st mortgage Broadway ft Seventh at.—St’k .. Rutland, pref erred. 105 1,500.000 Passumpslc, <s Valley. 6s... Conn, a 1% Oc., *82 103% 105 3 55 Sept.,’81 CO 3% Nov.,’32 90 95 5 113 115 Nov., ’82 3% Jan., ’70 42 45 3% Nov., ’82 100 108 3 90 Oct., ’82 85 3 85 Aug., ’82 75 1% Feb.. ’82 UU 55 3 102 Oct., ’32 100 2% July. ’32 70, 75 7 181 Nov., ’82 177 A.A O. 1,000.000 M.AN. 3,000,000 * 5 Nov., *82 2% July. ’82 i% Oct., 82 3 Aug., ’32 '5% July. ’32 5 Aug., *82 8 Aug..'32 Var. Var. 315,000 A. A O. 50 1,850.000 F.AA. 20 750,000 J.AJ. 50 4,000,000 J.AJ. 100 2,500,000 M.AS. 500 750,000 F.A A. 100 5,000,000 Quar. 25 l,000,000i Var. Va 700,000 M.AN. -Manhattan New York 2,000,000 1,200,000 « 1,C00 Harlem do Date. Amount. Period income new 7s, 1900,r.A cp 118 Val.,lstm.7a.C..l90; .Connecting 6s, ep. 1900-1904. ifo Delaware m.. 6s.reg.Acp.,var Del. A Bound Br., 1st,7s. 1900 125V4 Chartlers ' «i% Boston A Maine 7s boston as Albany 7s do 6s Boston A Lowell 7s do 68 Boston A Providence 7s Burl. A Mo., land grant 7s.... 115 do Nebr.6s Ex 112% 102 103 Nebr. «s do 82 do Nebr.48....83 Chicago Burl. AQuincv Oai and City Railroad Stocks and Bonds* Par. 119% Pacific, 6s , © As* [Gaa Quotations by Prentiss A Staples, Brokers, 11 Wall street.] Ga« Companies. land grant7s no<- SECURITIES. Catawlssa T#pckalstm.7s..... ns Atlantic A Bid. Ask. BOSTON* Aten. A Par. Companies. Bid SECURITIES. Price. Price. Companies. [Vol. XXXV, 11’? ... do 8i Wl’. A Weldon, gold. Wll. C. A Aag.-Oi ,22 7s. 108 .126% 101 j 125 THE CHRONICLE. 11,1882.] November RAILROAD EARNINGS. New York City Banks.—The following statement shows the condition of the Associated Banks of New York City for the week endimr at the commencement of business on Nov. 4: Jan. 1 to Latest Date. Roads. Uo Week or2Io 1882. 1881. 1882. $ $ 543 1881. Average amount of ’r. $ 77,79 3 $ 513,343 Banks. 70,326 575,17 1,402,62 3 1,263,023 9,822,371 AtchTop.&S.Fe T*. 1,759,29 1 1,642,634 Halt, k Ohio.... 3 ’r. 91,76 65,362 649,0G5 491.177 Buff. Plttab.&Jl. ct 105,09 6 71,981 2.276,188 1.8 24,014 Bur.Ced.R-A No. •t. 1 9,04 9,709 300,088 Cairo & St. Louis 339,304 ct 42,43 1 21,696 747,053 801.295 Cent.Br.Un.Pac. 2,409,00 > 2,507,857 21,400,176 19,570,949 Central Pacino. •t. tl7,99l3 111,058 Cbarl-Col.AAug-; 347,88vZ 236,396 2.777,400 2,267,617 Cliesap. A Ohio. et 204,73;i 202,016 6,686,290 6.238.548 Chicago & Alton r. 2,186,40( ) 2,262,981 15,053,87 Chic. Bur. A Q- 1 15,423,831 ct 43,12() 42,423 1,475,23 Chic. & East. Ill 1,349,86 28 l 59,10: Chie.AGr.TmnK 37,532 1,754,12 1,242,78 ) ct 707,00( CUio. Mil.ASt. P. 508,166 16,351.000 13,601,590 4th wk O. .4 881,66*) Chic. A Northw. 757,227 19,864.10 17,974,694 )v 135,1311 85.373 4,215,200 3,281,798 Cb.St.P.MIn.AO t. 62,56; ) Chic. A W. Midi 59,518 250,001 ) Cin.Ind.St.L.AC October 221,320 2,197,79 1.988.549 r. 243,255 Cincinnati South 239,934 1,851,226 1,662,127 ct 17,67^ 12,358 Clev. Akron & Col 422,328 347,725 t. t20,77 Columb.AGreen. tI6,367 ct Col. Hock. V. AT. 70,52( 67,445 2,366,630 1,948*205 t. Connottou Val.. 4,07* )V Denv. <fe Rio Or. 128,16f 131,694 5,522,058 4,9*41,399 Denv.A RGr.W. 37,865 t. Dos M. & Ft. I). 8,56q 8,60*9 277,921 3*20,106 Bet. Lan. A No.. 153,965 130.942 1,327,839 1,133,565 Pub. A Sioux C. ct 36,44i 27,896 956,97 912,019 Eastern r. 3 45,OOC 323.353 E.Tenn.Va AGa 372,23^ 315,614 Eliz. Lex. A B.S r. 57,351 362,752 Europ’n A N. A 47,023 38,8*0*9 306,93 263,055 Evansv. A T. H. 73,408 63,392 Flint A P. Marq t. 45,403 38,773 1,681,830 1,467,1.23 Ft. W. A Denver.! 1 28,287 Gal.Har.ASan A >t 340,581 247,972 Ala Gt.Southero Capital. .. New York Manhattan Co... Merchants Union America Phoenix .. City Tradesmen’s. Fulton Broadway Mercantile Pacific Republic Chatham People’s North America.. .. 368,155 .. 1th wk 0< it GulfColASan.Ft October. .. Hannibal A St. Jo it Hous.E.AW.Tex r. Illinois Ceil.(Ill.) Do .. (Iowa) . Ind.Blooni.A VV. Int. A Gt. North. Iowa Central... K.C.Ft. S. A Gull L. Erie A West’ll L. R. AFt.8mith il 77,410 ;t 125,176 103,464 . ;. 35,855 A 50,248 61,592 t t. dya r t Northern Cent.. Northern Pacific Ohio Central.... Ohio Southern.. T ; Oregon Imp.Co. August... Oregon R.AN.Co Oregon A Cal... 290.981 f265,201 65,766 95,816 169,000 82,210 493,893 255,278 592,43c 204,90C 38,353 11,260 274,127 507,200 125,730 Pennsvi vania Peoria Dec. AEv. 2,570,341 956,596 773,918 1,2*19,' 255 1,160,035 391,200 143,800 32,063 28,855 7,855 18,610 27,607 238,792 r N. Y.AN. Engl’d N. Y. Pa. A Ohio August., Norfolk A West. 96,015 94,042 1,972,377 312,800 l 98,000 1,067,706 21,785 12,897 386,455 Philadelp. A Erie Phila.A Reading Do 792,424 728,133 155,775 205,646 256,921 67,150 75,037 179,979 70,052 850,930 462,523 t 246.530 : 429,565 ' 115,6761 30,148 9,301 ; | 464,732 659,401 310,030 13,317 276,522 2 2,019,017 1,945,674 15 14,919,675 Coal A Ir. Sep tern b’r. 1.469,315 1.410,537 1C 9,791,689 Richm.A Danv.. f 436,500 t376,300 2 2,828,193 St. L.Alt. A T.H. 42,885 40,522 ] 1,222,362 Do (brclis.) 25.632 29,660 715,610 617,543 St. L. Ft. S. A W. Bt.L.Iron.Mt.AS. St.L.ASan Fran. St. Paul A Did:. 4th wk Oct St. P. Minn.AM. 4th wk Oct Scioto Valley... 4th wk Oct &So.Pac. Cal.... July Do So. Div. So. Pac. of Ar... July July So. Pac. „ of N. M. July... 5,094 276,232 116,553 46,619 334,828 17,461 130,570 11287,358 11284,426 1113,906 121,360 127,784 .... 223,252 97,423 5 2 22,673| 5,940,893 2,588,010 837,134 578,801 181.676 7 ,097,921 3,842,167 14,426 446,988 359,352 664,478 II2 270,641 Ill South Carolina. Sep"temb’r. 115,700 817,967 845,623 Texas A Pacific. 4th wk Oct 194,055 180,779 3 ,382,471 3,206.833 Tol. Del. A Burl. ith wk Oct 30,374 777,897 21,687 561,895 Union Pacific... 22,142,546 Utah Central. 1 October... 3,15S,337 l1,169,530 24 Septerab’r. 111,270 102,154 1 Vicksb’rgA Mer. 31,805 43,300 - 307,024 \a. Midland... Septemb’r. 3 wka Oct. tG7,327 165,521 1 1,014,406 Wab.St.L.A Pae. 4th wk Oct 450,411 366,457 13 11,789,664 West Jersey 105,582 102,930 884,955 789,875 Wisconsin Cent. Septerub’r. 3 wks Oct. 58,477 39.433 includes Great Western Road since October& Northern Division. II luclnded in Centroi paeific^arniiigs above. i ae U. S. Sub-Treasury.—The Mlovnug table shows the -points and payments at the Sub-Treasury iiftais city, as wen balances in the same, ter each clay of the pas recess Balances. Dale. Nov, “ “ “ “ “ 4 6. 7. 8. 9. 10 Receipts, Payments. $ 1,579.1.33 95 1,592,152 85 i.666,336 *0*4 Coin. $ $ 967.481 31 100,072,067 25 1,003.124 (54 100.518,586 94 Election Holiday 1.856,52 7 42 1,974,543 00 1,232.003 29 101.030,612 01 1,833,157 80 101.000,160 63 1,719,033 31 101,131,972 65 8,563.703 6,869,809 41 26 Currency. 4,422,738 47 4,509,240 99 4,416,-551 67 4,366;009 61 4,447,073 28 238.700 4,026.500 642.000 13.314,000 10,030.900 2,174.000 1.750,200 687.000! 058.900 311.200 323.200 420,230 5.3-15,700 5.941.700 2.022,400 5.393.0OC 3,5-2.200 1.482.600 2.177.250 4.969.60C 1,000,000 6,6'6.50C 2.129.100 300.000 3.825.000 400,000; 1,500,000 2.000,000 500,000 240,000 250,000 3,200,000 2,000,000 300,000 750, OOC 500,000 1,000,000 300,000 250,000 200,000 750,000 300,000, 100.00C 200,000 200,000 . 18.792.000 16.520.500 1.496.100 1.4 43.300 1,486.100 f40,400 28.000 920,000 1.021,700 2.0CO 518400 2.320.000 1,155.390 3.502.000 9.710.000 9 175,700 720.8i)O 137.9i)0 619.300 275.000 378.500 335,000 135,000 133 Ooo 9l3,3jo 23300 45,000 1.008.000 3,940.000 894.000 5.712.700 2.307.10C 2.733.400 3.010.500 1.752.9<X 2.338.600 8.358.300 3,041.10( 9.539,000 797,600 1,118.400 45,000 5,400 791^66 394.300 224,0()0 240.900 169,2;X) 511,100 143.200 800.500 409,000 99.5(K, 235,000 391.900 1.2i3,000 42,200 886.000 2-20.000 427,2 116.000 4.213 500 4.834.300 409,3\K) 270.000 4.393.5 )0 168.600 011.300 156.800 149.100 93.8oO 985.800 20,166.200 1.399.200 1,837,400 45,000 222.000 19 817,400 1,075.8, X) 3.610.000 5,314,1*0# 13 909.000 5.668 500 500,000 4.493,400 53.400 1,044,800 121.900 300,000 1,429,100 331.100 1.085,000 1.679.900 2,030.200 218.100 498.700 75.40J 243.5;J0 2.838.000 4.020.300 1.852.0)0 1,783,000 149.10C, 114,600 161,100 120,000 131,100 450.600 4.000 600,600 1,333,100 1,195.0oo 52 100 450,900 440.000 3.835.100! 6S3.000 906.200 2.645.390 383,8 >0 119.810 214.500 82.0.X 318 600 9 >7.500 302.50C 266,500 0.789.700 2.051.600 18 348.900 7 902.000 320.000 432.2)0 367.000 422,000 *.250.000 2.238.600 2,049.000 2.484.71X 2.139.400 2.900,000 2,899.400; 1.073.000 1.863.000 1.820.100 2,085.700 4,046 500 1,846 600f 1.599.500 1,*42,400 281.700 701,500 333.7(H) 3.192,000 277.700 278.200 475,000 14,002.000 5.505.500 1.444.100 2,851 200 2.159.400 72.000 151.800 362,000 117.5)0 7.842.000 3.274.000 5.651.9 X 795,100 1.252.300 97.000 17.9,10 1.028.200 17.193.70C 1.100 267,600 14,360.500 182,000 201,50( 198.500 231,000 360,006 5.484,900, 2.849,000| 0,094,200, 1.476.1001 131.300 109.800 1.110.500! 2,884,200 2.651.50C 3.082.000 1,000,000 Bowery National l,9B3,7n0 4,703.800 1,093,8 X) 229,300 540,000 297.000 90,000 598,000 433,0)0 M».169 923.760 180,000 •#•••* 91.800 448,500 45,000 60.962,700 31T.53S.200 52.028.900 20,070,&00 288,41S.500 18.630300 The deviations from returns of previous week are as follows: Inc. |5,732,800 I Net deposits ... Inc. 14,757,700 Dec. 5(.900 Circulation Doe. 147,900 Dec. 363,900 1 Legal tenders The following Boston 1882. Oct. 30.. Nov. 6.. • the totals for two weeks: are Loans. 1332. S Oct. 28,...311,355,400 Nov. 4 ...317,588,200 Specie. L. lenders. * Deposits. * S 52,035,800 20,431,800 52,026.900 20,070,900 Banks.—Following are 283,690,800 288,448,500 * S 18.778,200 857,810.086 18,630,300 991,296,926 the totals of the Bo3ton banks: Loans. * Specie. 146.423.300 6,2'3.300 $ 3.508.700 148,848,100 6,229,500 3,861,100 L. Tenders. t Circulation. Aw. Clear Deposits.* Circulation. Ago, Cleai 9*1.076.300 30.054.500 93.210,000 • 68.657.565 30,235,500 82,653.554 Including the Item “ due to other banks.” Philadelphia Banks.—The totals of the Philadelphia banks are as follows: 1882 Oct. 30 Nov. 0 Unlisted Loans. $ 75.729.024 75,195.393 L. Tenders. Deposits. Circulation. S * 10.392.627 17.597,287 03.720,743 60,340,829 Securities.—Following are Am. Railw’y Imp.Co— ex bonds and stock.. Atchison Col. A Pac 12'a .. 18 .... Atl. A Pac.—6s, 1st 90 Incomes Cent. Branch 85 Incomes 30 Boat. H. & E.—New st’k- 1 Old % 25 95 l*e 1 18 B’klyn Kiev.—Scrip stk *3 1st mort *35 Buff. N. Y. A Phila 23 Pref 48 1st mort 90 Cal.AC. C’nal A Dock.. 30 Pref 78 Chic. & Atl.—1st 100 Chic. & Can. South 3 Istmort 12 . 00*2 25 68*4 8 100 49 ... 13 • mm. *2*2 22 96 Subs. 100 p. c 6*2 40 20 • 3 91*2 ered when issued.. 52*3 • 109 20 Or.Trans-C.-Sub.40p.c 90*2 30 • 1st mort Istmort. 105 " 4 Mexican. Nat Prof Istmort Mich. AO.- Subs.30 p.c Newb.D. A Corm.--Pf.. J. A N, Y.—Com... Pref 1st mort 95 Oreg. Short L.—Deliv¬ . S N.Y.C.A St.L.—Equip. N.Y.L.AW.—5p.c.g,atk 81 Oregon Improvem’t... 71*2 Mo.Kan.ATex.,g.m. 83 Lehigh A Wilkesb. Co Memp.A Chari.—Com. Bid. No. RIv. Const.—70p.o 81 NY. W.Sh.ABuff.—St’k 23 5s ex-Jan. ’83 coup. G43# Subs. O. A W.. 45 p.c cm* N.Y. Sus. A West.—1st 72*3 Com. stock 5*a Debentures 46 Pref 35 .. 46,516450 61,832.953 quoted at 33 New Street: Atl. AGt.We8t., com.. Tol. Can. So. A Dot.. 15 Den.A R.G.R’y—Cous. 88*2 Denver A Rio. Gr.West 22 *s Istmort GO1* Ind. Dec. A Springf... 4 Istmort. fund Intern at. Imn.—80 p.c 41 L. Rk. A Fort Smith* Istmort Massachusetts Ceut 1st mort Agg. Clear.. 9,796,750 9.775.391 Bid. Asked. .... ■ 426.830 1,088,000 Continental 8pecie 518,966 2,595,067 3.068.200 Corn Exchange.. 5,520,279 1,881,422 2,133,177 2,480.763 1,577,951 32,879,214 632,153 I9.4ioo 500,000 500,000 N. York County Germ’n Amerie’n Chase National.. Fifth Avenue... German Kxch. Germania IT. S. Nat Lincoln Nat 3,566,611 4 9^.000 St. Nicholas Shoe A Leather.. Park Wall St. Nation’l North River East River Fourth National. Central Nat Second Natlon’l Ninth National.. First National.. Third National.. N. Y. Nat. Kxch.. 3l7.5aol 3.387.300 1,002,700 Market Importers’ A Tr.. 275.10C 4iSs>oa 5,701,0001 9O0.OOU 1,8)5.500 4*8.000 386.200 104.800 131.000 2,121.800 Loans and discounts C 570.300 40,000 354.000 62.000 108.200 05(1,300 356,1(00 600.000 500,000 500,000 4.405,48*6 3,360,564 510,045 2 29,000 702.200 699.000 ’.2,045.000 513,913 2,329,115 3.623,303 1.832,594 4,030.251 826,600 3,000.000 .... Total. 749,659 13,070 25,365 4,417.602 3,735,006 3c .. 1,696.511 9,125,360 4.703,000 8,5*2.300 5.351.400 6.180.006 3.885.200 500.000 Oriental Marine 1,507,375 493.30C 3,276,300 4.221.700 1/32,300 700,000 Citizens’ Nassau 783* 6*9* i 8,263,000 2,463.5,7C 8.598.100 3.262.10c Irving Metropolitan 1,867,288 2.094,496 2,178.942 t Z 1,142,870 1,814,125 191,289 5,792,3 1,589,730 63,5651 2,179,465 36.491 O. Mexican Cent.. Do So.Div Elevated.. 106,538 5,578,330 45,225 . Nasiir.Ch.ASt.L 15,078 646,4 90 169,048 t Mar.Hough.A N. Y. '8,296,940 ’8,097*8*37 39,055 Long Island.... Louisv.ANashv. Louis.N.A.ACh. 337,812 13,006 127,421 69,739 34,165 39,821 00,151 31,455 L-Rk.M.Riv.AT. Mil.L.Sli.A Wesi Minn.A St. Louis Mo. Kan. A Tex. Missouri Pad tie. Mobile A Ohio.. Metropol. Elev. 14,661 227,506 74,715 22,141 674,687 190,438 533,000 863.000 ’.1,453.700 1,000,000! Hanover .. 1.012.000 1.0L7,i<OO 0v.fl.IOO 530.000 2.H0 7.900 l,'<56.700 300,000 1,000,000 1,000,000 300,000 200,000 200,000 600,000 300,000. 800,000 5,000,000 5,000,000 1,000,000 1,000,000 422,700 1,500,000 450,000 200,000 Seventh Ward. State of N. York. American Kxch Commerce .* 9,072.000 6,767.000 6,^711,500 7.519.000 3.22S.000 6,268.800 600,OIK) Chemical Merch’nts’ Kxch. Gallatin Nation’l Butchers’ADrov Mechanics’ A Tr Greenwich Leather Man’f’rs Circula¬ tion, other than U. S, * 2,000,000 2,050,000 2,000,00(1 2,000,000 1,200,000 3,000,000 1.000,000 1,000,000 1,000,000 Mechanics’ .. Sept. 16 Net dep'ts Specie. $ * grand Trunk.... r.BayW.ASt.P. Loans and discounts. 35 5 1 Ohio C -Ex bd. A stk. River Div. 1st mort. Incomes Pitts. A Western Pensac. A Atlan.—1st. St. Jo. A West Kans. A Neb., 1st...* 2d mort St. Jo. A Pacific 1st. 2(Is St. Paul rights Tex. ACol.Iinp.—GOp.c Texas A St. Louis 1st mort., M.AA. div Incomes do Tol. Cin. A St. Louis.I" istmort... Incomes Vick. A Merid. 2d M 100 6 5 - , Assessment 20 76 10 15 Go 20 GO 23 6% 7 97 101 77** 17*12 9 49 10 12 55 13 65 32 Incomes. * . 903t 4*2 62^8 177e paid- THE CHRONICLE. 544 INCOME ACCOUNT. Juucstmjcuts 1880-81. lieceipts— Net earnings AND complete exhibit of the Funded Debt of States and Cities and of the Stocks and Bonds of Railroads and other Companies, It is published on the last Saturday of every ether month—viz., February, April, June, August, October and December, and is furnished loithout extra charge to all regular subscribers of the Chronicle. Single copies are sold at $2 per copy, ANNUAL a REPORTS. (For the year ending Sept. 30, 1882.) The report states that the increase of business made it imper¬ ative to largely increase the equipment, and extensive purchases of cars and locomotives were made in addition to what could be built in the shops. Six powerful locomotives have been built or purchased. Twenty of the old passenger cars in use the opening of the road in 1846, and in recent years used chiefly for excursion business, have been sold, and in their place twenty-two new cars of the best modern style and of upon large capacity have been purchased or built. Eighty box freight cars and two-handled coal cars have been purchased. The amount paid for new equipment, after deducing all sums received for equipment sold, has been $273,659, a much larger amount than has ever before been expended in a single year. The whole of this has been charged to the expense and improve¬ and while the equipment account the books on has not been increased the value of the locomotives and is cars greater than at the beginning of the year. To provide for the growing business of the company a further increase will be necessary in the next year, and contracts have already been made for new cars and engines. The cost, however, will not probably exceed one half of that expended the nast year. The company has now about twenty-three miles of aouble track out of fifty miles between Boston and Fall River, and the directors contemplate the necessity within a few years of completing the double track for the whole distance. It can probably be done out of income without interfering with reasonable dividends. 61,175 1,305,449 "7,498 Total income 1,308,021 Disbursements— $ 1,382^)47 Rentals paid Interest on debt Deficit Union Freight Dividends the Fall River line to New York has been prosperous during the year, and a dividend of eight per cent on the shares of the steamboat coinpanjq owned by this corporation, has been received. The new' steamship Pilgrim is nearly completed, and will be placed on the line next year. A new freight steam¬ boat has also been built, and will be ready for business by January 1, 1883. It now seems that the investment of the in the stock of the Steamboat Company will prove satisfactory. Notes havmg more than one year to run have been issued during the year to nearly the extent authorized the last year, and it may be necessary during the coming year for the conve¬ nient transaction of the business of the company to issue such notes; and the directors ask for authority to issue notes or bonds to an amount not exceeding $500,000. The attention of company stockholders is called to the fact that the balance of interest paid has been reduced the past year by the sum of $41,457. Of all the expenditures made in the past year, nothing has been charged to construction except for the purchase of land and for the cost of the railroad from Raynham to Taunton, including freight yard at Taunton. These charges amount to $287,364. The dividend was increased in July to 3^2 per cent, which can probably be maintained in future at the same rate, unless unforeseen accidents prevent. Operations and income •.. . 303 167 456 470 110 267 115 268 1,595 1,000 1,664 Locomotives Passenger, mail and express Freiglit cars Coal and all other cars cars. 1,102 OPERATIONS AND FISCAL RESULTS. Operations— Passengers carried Passenger mileage Freight (tons) moved Freight (tons) mileage Total gross earnings Operating expenses Taxes Total Net earnings.' Ono 434,028 90.000 489,097 05,000 1,208,186 1,370,695 0,835 3,252 Balance, surplus Boston & Providence Railroad. the Union Freight Railway and the preferred stock of the Providence Warren & Bristol Railroad have been credited to interest account. The increase in expenditures has been chiefly due to the increase of mileage, higher taxation, renewals, re¬ pairs and additions to property. Taking advantage of the larger receipts, many improvements heretofore delayed have been for¬ warded. Small parcels of land have been purchased in Provi¬ dence, Pawtucket, Readville, lloxbury and Boston. At Pawtucket a freight house, greatly needed, and at Dedham a new passen¬ ger station and locomotive house, have been finished and occu¬ pied. An iron highway bridge has been built at Canterbury Street in Roxbury, rendered necessary by the extension of the third track. The heavy ledge of rocks near by has been re¬ moved. Next year the third track will be completed from Mt. Hcpe to Readville, and put in operation as soon as practicable. All the improvements and additions to rolling stock and prop¬ erty have been charged directly to expense account. The main line is now entirely equipped with steel, and there are 12 miles of steel rails in the branches. The earnings and expenses, and the disposition of income, together with the general balance, were as follows in 1880-81 and 1881-82 : OPERATIONS AND FISCAL RESULTS. Total miles operated . 1880-81. 1881-32. $ 5,024,030 80,ls7,583 1.441,618 53,704,401 $ 6,503,471 $ 3,746,448 100,460,413 1,552,616 53,340,470 ^ 4,126,258 18SC-81. 1381-82. 68 68 • . Operations— Passengers carried Passenger mileage Freight (tons) moved Earnings— . . 3,802.405- -42,191,736 4,128,299 46,344,791 660,290 718.000 , $ 822.752 593,956 62,605 $ 910,763 605,221 68,855 1,410,313 934,273 8b.. 6,> 7 1,584,839 1,138,491 94,018 1,023.910 1,232.509 652,330 305.403 - INCOME ACCOtTX T. 188C-S1. IteceijUs— Net earnings 1881-82. $ $ 395,403 . Disbursements— Interest on debt Dividends Kate of dividend 352,330 22,816 320,(00 (8) 28,712 1...... 320.000 (8) .' Total disbursements 342,810 348,712 46,691 Balance, surplus 9,514 GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR. ' 1SS1-S2. $ 1880-81. A ssets— $ . Railroad, buildings, equipment, &c Real estate Stocks owned, cost.... Bills and accounts receivable Materials fuel, &c * Cash and cash funds Total Liabilities— Stock, common Bonds and notes (see Bci element) All other dues and accounts Dividends Profit and loss Total liabilities 4,698,174 4,608,174 108,000 198,000 231,260 231,269 143,136 144,843 250,863 111,463 129,513 36,305 5,526,834 5,544,154 4,000,000 4,000.000 164,484 430,552 860,000 80,982 163,106 410,066 5,520,384 5,544,154 800,000 71,848 New Haven & Derby. (For the year ended Sept. 30, 1852.) 1881-82. 301 155 Total operated 345,208 627 Total disbursements EQUIPMENT. 1880-81. Miles owned Miles leased and controlled $ 419,588 370,341 Railroad. Improvement account : ROAD AND ‘ 403,100 During the year a lease for ninety-nine years has been taken Passenger of the Fall River Railroad, between Fall River and New Bed¬ Freight...ford, under the provisions of chapter 62 of the acts of 1882. Mail, express, &c The Boston Clinton Fitchburg & New Bedford Railroad has Total gross earnings exercised its option to share in this lease. The rental is to be Operating expenses thirty per cent of the gross earnings. Nearly all the steck and Taxes a major part of the bonds of the Fall River Railroad Company Total are held by or in the interest of this company. The business of Net earnings for two years were as follows $ „ (For the year ending Sept, 30,18S2.) The report for the late fiscal year has just been made, and it states that two dividends of 4 per cent each, clear of taxes, have been earned and declared. The dividends on investments in Old Colony Railroad. ment accounts, 1S81-82. $ 1,216,846 Interest and dividends STATE, CITY AND CORPORATION FINANCES. The Investors’ Supplement contains LVol. xxxv, From the report just issued w’e extract the following: earnings and expenses. Earnings— 1882. 18S1. $58,931 e 3,457 5,176 Passengers Freight../. Mails, express, &c Total earnings Opcrating Expeuse*— Maintenance of roadway Maintenance of ro ling sloes $70,277 j. 0,349 5,775 $147,564 $160,402 $ 12,277 1 6,0 l 4 $23,178 *>0 3 1,326 5,746 38,490 5,772 Total operating expenses $: 0,296 $48,267 $78,389 . Income above operating expenses made iron1 Some of the leading expenditures which have been this excess of income were: For taxes, $3,989 ; ior 2,301,443 108,154 2,630 " 2 2,400,602 1,24,846 2,820 809 $23,325 ; for embankments, bridges and building, $13,y-- 5 steel rails, $11,060; for new cars, $5,399 ; for machinery 1,305,140 shops, $6,237 140 737 572 Wages, salaries, &e. Rents, damages and Sundries ; makiDg a total of $63,324 of income hjteres^ thus t0 tfOVBMBER j ,1 THE CHRONICLE. It, 1882.] During the year 197.749 passengers were carried, against* 157,783 in 1881, and 127,192 tons of freight, against ^Irfaddition to the improvements, the property of the road has been kept in irood repair and is believed to be in as service¬ able condition as at any previous time. It is the policy of the directors to continue the improvements now being prosecuted, as rapidly as the income of the road will permit." CONDENSED It A LANCE to Mr. Kneeland were deprived of voting power. What the result of the change of control is not yet known. —On November 6 an injunction suit in was’begun will be the Supreme Court in which the Manhattan Company appears as the plain¬ tiff and the Metropolitan Company and the New York Company are the defendants. The tripartite agreement of 1880 provided for the payment by the Manhattan Company of 10 per cent dividends on the stock of the Metropolitan and New York Com¬ panies. SHEET SEPT. oO, 1S8: 545 Under the agreement mad * in October, 1881, this was reduced to 6 per cent. A temporary injunction was granted by Justice Donohue, restraining the defendant companies from issuing certificates of their stock having thereon a memorandum providing for the payment of interest or dividends at the rate of 10 per cent per annum on the capital stock of the companies. $1,150,953 $1,150,958 —The General Term of the Superior Court has handed down a decision in the Caro suit against the Metropolitan Elevated Railway Company to restrain it from maintaining or operating general investment news. its road in front of his premises. The Court holdsffhat the ap¬ plication made in behalf of the company to resettle the judg¬ Denver & Rio Ora tide.—The following exhibit for ten ment of the General Term must be denied. The company de¬ months has been issued by the company: murred to Mr. Caro’s complaint, and the General Term over¬ Tlit* "ro.s.s earnings of the Denver & Rio Grande Railway for ruled the demurrer. Mr. Caro’s attorney then entered a judg¬ the teii months from January 1 to October SI, 1882, are.. $5,400,151 ment based upon the opinion of the Court, according to which The operating expenses for same period (October being esti¬ mated) are 3,209,114 the company was absolutely enjoined forever from running its earnings for ten months earnings same period of 1881 of $4,990,500 Expenses same period of 1881 of 2,840,800 Net a $2,257,037 injunction absolutely, but only in the alternative o-.iji.ot irross Net earnings same period of 1881 of for ten mouths in 1882 of..- The 101,270 proportion of charges against income for ten months of 1SS2 is as follows : Interest on bonds January. There remains subject to call 65 225,102 175,000 34,525— Sinking fund Profit for ten months 1,503,098 $093,339 The months of November and December are good traffic months in Colorado, and may be expected to add largely to the above net earnings and profit. Dorclies'er & Delaware.—Under the injunc¬ Mexican Central.—The two last bonds on the second block of Mexican Central will not be issued until soon after the 1st of $1,129,070 equipment trusts Taxe&and insurance Interest on ; tion to take effect if the company did not indemnify Mr. Caro for the damages sustained by him. They applied, therefore, to have the judgment entered by Mr. Caro vacated or resettled. The Court holds that it has no power to grant the application. $2,155,700 Being a gain trains in front of Mr. Caro’s house. The counsel for the com¬ pany declared that the General Term had no power to grant an decree of the Circuit Court for Dorchester County, Maryland, this road will be sold the 28th day of November, 1882, at public auction. The road a Cambridge to the Delaware line, 27 miles, where by branch road (6 miles) with the Delaware lload at Seaford, Delaware. extends from it connects Louisville New Albany & Chicago.—.Below are given the gross and net earnings of this railway company for the months of August, September and October, *1882, compared with the per ^ent of the third block, which, in connection with the funds now in hand, will supply the management with funds until another block is put out, now a question of a few -weeks. When the bonds belong¬ ing to the three now- subscribed for are issued, there will be from #21,000,000 to £22,000,000 of the 7’s upon the market.— Boston Advertiser. Mutual Union Telegraph.—In the New York Superior Court, Wm. H. Cameron, as plaintiff (supposed to represent the Gould interest), has begun a suit, on the equity side, against John G. Moore, Thomas C. Purdy, George F. Baker, George William Ballou, Charles F. Peck. H.C. Fahnestock and other individuals, and the Mutual Union Telegraph company, as defendants. The complaint sets forth that the plaintiff brings the action on his own behalf and on behalf of all others in like situation share¬ holders of the Mutual Union Telegraph company; that he seventy-five shares of Mutual Union Telegraph stock ; that the Mutual Union Telegraph Company same months of 1881 : wras £600,000, divided into 6,000 shares of £100 each, and ihafc 1882. 1881. Inc. ’82. Total gross earnings for three months.. $442,480 $295,57(5 $140,90 4 the certificate providing for the increase of the capital of said Net earnings for three months 182,109 104,082 78,080 company to £10,000,000, divided into 100,000 shares of £100 each, Manhattan Elevated.—The following named gentlemen were wras not tiled, as by statute required, until on or about the 16th elected directors of the Manhattan Elevated Railway Company: day of February, 1882. And the allegations are made, in sub¬ Messrs. Jay Crould, Cyrus W. Field, Russell Sage, R. M. Galla- stance, that the agreement for construction and extension of lines made with John G. Moore & Co. were modified, to the way, Edward M. Field, George J. Gould, Sidney Dillon, Samuel Sloan, Jose F. Navarro, W. E Connor, George S. Scott, John H. great detriment of the company. “ Wherefore the plaintiff de¬ Ilalland H. F. Dimock. Inspectors of election: G. P. Morosini, mands that the said modifications be decreed to be null and void and a fraud upon the rights of the corporation of this plaintiff J. J. Slocum and P. P. Harris. and of shareholders and of the rights of creditors. That .said Memphis & Little Rock.—A dispatch to the Globe- defendants pay over to the telegraph company the amount of Democrat from Little Rock, Ark., Nov. 4, said that the case of the of said firm in the performance of said contract. R. K, Dow, Matthews and Moran against the Memphis & Little Thatprofits the said firm be required to perform every of the obliga¬ Rock Railroad Company, as reorganized, was that day sub¬ tions of said firm not yet performed under the said contract. mitted to Judge II. C. Caldwell in the United States Court. It That the said firm, as the first takers of capital shares of the will be remembered that iu March last the State recovered a said telegraph company, be required to account with and to the judgment against the company, and the railway was advertised said the Mutual Union Telegraph Company for and as to the for .‘■ale. Before the day of sale Dan Matthews and Moran, as actual values by them paid for or upon account of such shares. trustees of a mortgage executed by the present Memphis & And that the Mutual Union Telegraph Company be decreed to Little Rock Railroad Company on May 2, 1877, paid the amount, do whatsoever aud to take such action and institute such pro¬ it being over £233,000, into the State. Treasury. Afterward ceedings whatsoever as shall requisite or proper to ascertain these gentlemen, by tlieir counsel, filed a bill in the Federal the rights and enforce the be remedies in the premises of the Court against the railroad company, praying to have judgment plaintiff, and of all others for whose benefit this action is against the company for the sum so paid, and to have the road brought.” sold subject to the lien of their mortgage. The company, by Now York Central & Hudson.—In the great suit against counsel, answered, claiming that the mortgage and bonds were this company by the U. S. Government, through J. M. Bailey, void; that consequently the plaintiffs had no interest in the to recover the tax on the famous scrip dividend of property and no right to pay the debt. The company also filed Collector, Dec. J9, 1868, the U. S. Supreme Court has just rendered a across bill making the same allegations, and praying that the decision in favor of the company. To a World reporter Mr. mortgage and bonds be canceled. Judge Caldwell’s decision Wm. M Evarts, of the firm of Evarts Southmayd & Choate, will be looked for with interest. Metropolitan Elevated.—At the annual meeting for the election of directors, Mr. Sage voted only 600 shares, Mr. Cyrus W. Field only 100, Mr. Gould for himself only 100, and for the Manhattan Elevated 3,200 shares. The total vote of the Gould party was 5,246 shares and of the Kneeland party 27,174 shares, although the latter appear to own 52,000 shares. The following are the directors elected : Joseph S. Stout, Jacob Berry, Elijah Smith, Thomas T. Buckley, Rufus H. Gilbert, Sidney Shepard, Joseph N. Burnham, Morillo H. Gillett, Charles Duggin, Sylvester H..Kneeland and Benjamin W. Gillett. At a meting of the new board Mr. Kneeland was elected President and Morillo H. Gillett Vice-President. John.E. Body continues as Secretary and Treasurer. None of the stock converted into Manhattan second preferred could be voted on, but in addition amount of stock was disfranchised, on account °tpj{jlsalarge the inability of the owners to transfer it on the books of the company recently. In this way nearly 10,030 shares belonging owns the original capital of counsel for the railroad company, related the history of the suit as follows: “This is an intricate and interesting case, but I can give you the points in a few words, though Mr. Choate had the case in charge. The United States Government levied its internal revenue taxes under the act of 1864 on the scrip issued by the New York Central Railroad several years ago, and which doubled the capital stock of the company. The Govern¬ ment levied this tax as if the scrip was a dividend on the profits of the railroad. Suit was brought, and on trial in the Appeal was United taxable. taken of the United States Supreme Court, which States Circuit Court it was held that the scrip was not reversed the decision and held that it was taxable, bat sent the case back for retrial. Mr. Choate then appeared and on ;trial of the case in the Northern District he showed that a great part at least of this scrip did not represent ments of the funds of the company. pany profits, but invest¬ On this trial the com¬ recovered $498,432 68 of the accumulated taxes. The appealed to the Supreme Court. At the heari g United States CHRONICLE. THE 546 there the Attorney-General appeared for the Government and Mr. Choate for the company. Judgment was rendered sustain¬ [Vol. XXXV. io giving the opinion statement of the facts: man of the Court makes the following This action is brought by the plaintiff as a stockholder of the ing the decision of the lower court. This about covers the his¬ Western Union Telegraph Company against the said company tory of the.suit. The principle involved in the case was that its directors and the Union Trust Company, to obtain an adjudi¬ stated by Mr. Choate, that the taxes to the amount of the judg¬ cation determining that a certain agreement* made by the West¬ ment were levied on actual property and not on profits or ern Union Telearaph Company with the American Union and the dividends.” The decision in the Supreme Court was rendered Atlantic & Pacific telegiaph companies is void, and for relief not only against the agreement and its execution as being beyond the powers of the telegraph companies, but to the extent of reaching the personal by Judge Matthews. Justice HaiJan dissented. liability of the directors of the Western Union Telegraph Company New York Chicago & St. Louis.—This company (the Nickle The Union Trust Company was made a party defendant because it had Plate) has about completed arrangements for terminal facilities been selected as a trustee for carrying out tlie agreement. The agree¬ at Buffalo by connecting with the Lake Shore Railroad. The ment is dated January 19, 1881, and it provides for the purchase by the Western Union Telegraph Company of the property, lights and fran¬ large switch, about half a mile in length, extending from Big chises (except the franchise to be a corporation) of the American and Tree .station to the Lake Shore tracks, is nearly completed, and Atlantic & Pacific companies at the price of $15,000,000 the Nickle Plate trains will run into and from the Lake Shore for the property, Ac., of the American Union and $8,400,000 Kailroad Construction (New).—The the completion of track on new railroads latest information of is as follows : Atchison Top. A Santa Fe.—'The San Fedro Branch is completed from Ban Antonio, N. M., cast to Carthage, 0 miles. Chicago & Atlantic.—Track laid between Lima, O., and Huntington, Ind., 37 miles, and between North Judson, Ind., and Rochester, 23 miles. Corning Cowanesqne A Antrim.—The Cowanesque Valley Branch is extended from Elkluud, Pa., west to Knoxville, 7 miles. Indiana Illinois A Iowa.—Extended from Momence, Ill., east 5 miles. Jacksonville St. Augustine A Halifax.—Track laid from the St. Johns River, opposite Jacksonville, Fla., south by eaBt G miles. Gauge 3 feet. Kansas City Springfield & Memphis.—Extended from Loveland, Mo., cast by south to Norwood. 16 miles. Marquette Houghton & Ontonagon.—Branches have been completed to Wet more Mine. Mich., 1 mile; to Beaufort Mine, 2]4 miles, and to Eric Mine, 54* miles. Norfolk A Western.—The New River Division is extended northwest to Glenlyn, Va., 20 miles. Northern Pacific.—Extended from Park City, Mon., west to Merrill,23 Sheldon, 40 miles. Pittsburg A Western.— Extended from Chcwton, Fa., nort h to New Castle, 10 miles. On the Parker Division (gauge, 3 ft.) extensions have been completed from Parker north to Foxburg, 4 miles, and from Bald¬ ridge south to Gallery Junction, 7 miles. St. Louis A San Francisco.—I he> Arkansas Division is Mountaiuluirg, Arlt., south to Van Buren, 21 miles. extended from The Springfield Ozark, Mo., Southern Branch is extended from the James River south to 10 miles. Trinity & Sabine.—Extended from Moscow, Tex., east 5 miles. Union Pacific.—Track on the Oregon Short Line is extended westward to Pontneuf, Idaho, 55 miles; also from American Falls westward 16 miles. Ihe Greeley Salt Lake & Pacific Branch is completed from Gree¬ ley, Col., west to Stout, 30 miles. This is a total of 419 miles of new railroad, making 8,731 miles thus far this year, against 6,003 miles reported at the corresponding time 4,946 miles in 1880. 2,987 miles in 1879, 1.717 miles in 1878, 1,867 miles in 1877, 1,931 miles m 1876. 1,128 miles in 1875, 1,594 miles in 1874* 3,283 miles in 1873 and 6,106 miles in 1872.—Kailroad. in 1881, Oazctlt Rochester & Pitlsbnrg.—At the meeting of stockholders of the Rochester & Pittsburg Railroad Company, the President submitted his report for the fiscal year ending September 30, showing that the earniDgs were $305,988; expenses, $204,408 ; net earniDgs, $101,580. Interest charges, including September, on first mortgage bonds, $78,000 ; on car trust bonds, $12,504 ; total interest charges, $90,504. On the main line $130,810 were spent in improvements and $144,405 in the purchase of rolling stock. The lease of the following roads was approved : Brockwaysville & Punxutawney Railroad, Perry Railroad and Rochester & Ontario line. Also the exchange of $4,000,000 of Rochester & Pittsburg stock for $4,000,000 stock of the Rochester & Pittsburg Coal & Iron Company. The fol¬ lowing directors were elected ; Augustus Kountze, Frederick D. Tappan, Andrew Pierce, F. O. French, Henry K. Southwick, Walston H. Brown, A. L. Hopkins, Fred, A. Brown, James Gal¬ lery, Henry Day, Frank R. Lawrence, Wheeler II. Peekliam, William M. Shaffner. Union Pacific.—At the time of the organization of the Union Pacific Railway Ccmpany, in January, 1880 (the consoli¬ dated company), the names of but 1,126 stockholders appeared upon the books of the company. To-day there are 3,454 stock¬ holders. The following table, showing the number of stock¬ holders each year since the consolidation and at the present time, is interesting: Boslcn Stockholders. New York Stockholders. Total. 506 847 1.358 620 1,085 1,325 1,932 2,683 1,927 1,527 3,4'.4 1,126 ' This shows not only a considerable increase in investment holdings, but that this year, for the first time since the consoli¬ dation, Boston stockholders outnumber those of New York.— JBoston Advertiser. Western Union Telegraph.—The General Term of the Superior Court of New York City has rendered decisions in the two suits of William S. Williams and Rufus Hatch agaiDst the Western Union Telegraph Company and others, which came up appeal from judgments of Judge Truax, dismissing the com¬ plaint in each case. The suits were brought by the"plaintiffs, as Western Union stockholders, to prevent the consummation of the famous consolidation agreement between the Western Union, American Union and Atlantic & Pacific telegraph com¬ panies, to have the same declared invalid, and also to invalidate the issue of $15,526,590 of Western Union stock issued as a dividend. In the Williams suit two opinions are written, the opinion of the Court being by Judge Freedman. Judge Arnoux ■writes a concurring opinion, and Judge Russell also concurs in the result in both cases. The Court reverses the judgments of •Judge Truax and orders new trials in both suits. Judge Freed¬ be advised to cause its capital stock to to its present outstanding stock of $38,926,590, represented by shares of $100 each, and shall issue and deliver the same to the said Union Trust Company for distribution as follows: $15,526,590 to holders of its present shares, the same being to represent its investment of earnings in the purchase, construction and equipment of additional lines, wires and general plant since the 1st day of July, 1866, and the lemainingsumof $23,400,000 for the acquisition of new lines, property and connections in the manner above provided. take such proceedings as it may be increased by an addition In addition to the new stock above provided to be delivered to Western Union Company shareholders, the amount of $58,850 50, par¬ cel of the present capital stock of said company, owned by it and now in its treasury, shall bo distributed in like manlier to its shareholders.” As to the power to declare stock dividends by this corporations, the opinion says : or other , miles, and 30 miles beyond. The Fergus Falls branch is extended from Fergus Falls, Minn., west to Breckenridge, 27 miles. The Fargo A Southwestern Branch is completed from Fargo, Dak., west by south to on the property, Ac., of the Atlantic A Pacific Telegraph Company, payable in the capital stock of the Western Union com¬ As no stock of that company was on hand to make payment pany. with, it was provided in the agreement that the capital stock should lie increased as follows, viz.: The Western Union Telegraph Company shall for depot Nov. 11. January, 18S0 January 1, 1881 January 1, 1882 October 1,1S82 “ “Ordinarily tlie law requires that additional stock to bo issued by a corporation shall be paid for. This power of disposition the directors * to use in trust. * * “The terms.of the agreement of contemplate, nor was provision are January 19, 1881, do not provide or made in any other way, that the dis¬ shares among the company’s own shareholders tribution of the new should be. made upon equivalent value being returned or promised to be returned by the shareholders, nor, indeed, upon any new value to the company. The agreement is sought to the shares to be distributed represent be upheld upon the theory that the company’s, investments of earnings in the purchase, construction and equipment of additional lines, wires and general plant since the 1st of July, 1866, and that as these earnings are or were due to, or should have been divided among, the shareholders, an acceptance of a stock that represents them will be a release by the shareholders of the earnings, and is the; same in effect as if there had been a severance of the earnings from the other property of the corporation and a delivery of tlie shareholders and a return to the company in the shape of capital. This theory would, upon the facts of this case, be open to no objection.so long as the scheme involved in ithus the requisite sanction of a certain proportion of shareholders if there were no statutory obstacle to it. But in its advocacy the /respondents are con¬ fronted with the following statute : “It shall not he lawful for the direc¬ tors or managers of any incorporated company in this State to make dividends excepting frqpi the surplus profits arising from the business of such corporation; and it shall not be lawful for the directors of any such company to divide, withdraw or in any way pay to the shareholders, or any of them, any part of the capital stock of such company, or to reduce the said capital stock without the consent of the Legislature.” “It seems too clear for argument that in the face of 11»at statute the issue of the stock to the shareholders of the Western Union Company cannot be upheld as a dividend from surplus profits, because the profits were no longer on hand. They were converted into oilier property. Even if such other property remained and still is of equal value it never¬ theless took the place of profits. It became capital.' are as follows : the Western Union Company' to create and issue, under the provisions of chapter 566 of the laws of 1870, to the American Union ami Atlantic A Pacific companies stock in payment for their lines, cannot be well disputed. But that does not touch tbe question whether the agreement of .Tan. 19, 1881. as a whole, and when all the objects and purposes to be accomplished by it are considered, is not in other essential particulars in excess of the authority conferred by the ..statute, nor the question coucerning the legality or illegality of the proposed division of shares among the shareholders of the Western UnionCompany.” * * * V “ Consequently, when the Western Union Company attempted to distribute ihat part of its capital stock amoDg its own stockholders, without any new consideration, the attempt The “ general conclusions of the court The power of involved a division, withdrawal, and payment of part of the capital st ick without the consent of the Legislature, and within the prohibition * * of the statute.” * * From the foregoing it will he seen that, notwithstanding the most liberal interpretation of the facts, and the most liberal construction of the statutes in relation to the incorporation and regulation of telegraph “ companies, and the many assumptions made in favor of the Western Union Company', and the most rigid restriction of the standing of utc plaintiff in court, enough is left of plaintiff’s case to call for the interpo¬ sition of the court on grounds affecting public interests.” * *. *maintiff has demonstrated that the proposed gratuitous division oi $15,526,590 of stock among the shareholders of the Western Union Com¬ pany is wholly illegal. No action on the part ot directors or stockholders or both combined, could overcome this difficulty, and as the illegality complained of entered into and permeatedthe agreement of January 1881—inasmuch as by its terms the capital stock of the Western Union Company was to be first diluted to the extent of the proposed gratuitous issue, and payment for the properly rights and franchises of the veiiUtH companies to be made in the stock thus depreciated—the agreement itself cannot be sustained. The action was properly brought by tne plaintiff as a shareholder in the Western Union Company', on beliau jn himself and till other shareholders of that situated, aud though iu the matters company similar'} complained of j*insignificant minority, no may represent only a comparatively has nevertheless a sufficient interest' and standing to it is the duty of the court, for reasons affecting public interests, tertain his complaint, and upon the proofs given iu support to en¬ thcreoi i grant appropriate relief. The dismissal of the complaint, thercion, least entitled to a adjudication declaring the illegality'of the agreement of Januai w* • 18sl, and enjoining the distribution of the $15,526,590 of stock, no much further relief should have been granted, if any, especially' in ^ a of the far-reaching provi-ious of the statute that has been violated, n not necessary to express an opinion upon. That is a quest ton W" may be best left to be determined on a new trial. Of course, the m that at the time of the commencement of the action tlie agreement * been partially executed, and that since the erroneous dismissal or r couip'aint it may' have been wholly executed so far as lay iu the pu constituted error. As tne case stood, plaintiff was at of the directors and shareholders of the Western Union Company. ‘ not affect the legal questions involved, though it may have an bearing upon the nature of the relief to be grauted. should bo reversed ami a new trial ordered, w ith costs to the to abide the event.” h111,, N,t ^'iViTdlan* appt November THE 11, 1888.1 CHRONICLE. 547 COTTON. g\xc (Commercial jinxes. ~ Commercial Friday, P. M., November 10, 1882. epitome. Friday Night, Nov. 10, 1882. There has been another severe twinge in the money market, the Treasury at Washington to Leading staples of agriculture have farther declined, and the disposition to meet the export demand seems to increase. The general elections this week have resulted in the success of the opposition to the present Admin¬ which caused the Secretary of take measures for its relief. House of Representatives for the Congress which meets in December, 1883, will have a large Democratic majority, supposed to be pledged to the reduction of import duties and the abolition of internal imposts. The speculation in provisions has been fairly liberal, and in sympathy with the rise in corn prices have been advanced, particularly for lard. To-day pork was sold on the spot at $22 25 for mess; the options were neglected and entirely nomi¬ nal. Lard opened firm, but a realizing movement brought about a slight weakness at the close; Western contract sold on the spot at 12,40@12,65c. and to arrive at 1210c.; refined for The Movement of the Crop, as indicated by our telegrams from the South to-night, is given below. For the week ending this evening (Nov. 10) the total receipts have reached 262,251 bales, against 256,623 bales last week, 241,738 bales the previous week and 242,329 bales three weeks since; making the total receipts since the 1st of September, 1882,1,685,917 bales, against 1,657,366 bales for the same period of 1881, showing an increase since September 1,1882, of 28,551 bales. Receipts at— Galveston istration. The South American 12 75c.; Western for future delivery sold at 12@12 05c. for November, ll*27^@11.35c. for December and year, lV22^£@ll’32?£c. for January, 11*30@ 1135c. for February, ll*30@ll*37^c. for March and 11*3726® ll'42^c. for May; the feeling at the close was weaker. Bacon quiet at 12/4@12?2C. for long clear. Beef hams dull at $17 50@$18. Beef steady at $2S@$30 for city extra India mess. Butter was steady for fine grades. Cheese firm at 72£@12%c. for State and 5@12/£c. for Ohio factory. Tallow quiet at 8 5-16@8%c, Uterine dull at 12^@12%c. for Western and 12%@13c. for city prime. Rio coffee has been dull on the spot at a decline to 8\i@ for fair cargoes, while there has again been a large busi¬ ness in options, though at steadily falling prices; to-day there were sales of 4,750 bags at 5’85@5‘90c. for November and De¬ cember, 5’90@5*95e. for March and 5 95c. for April, with fair grade for March 7'90c.; mild grades have been very quiet as a rule, and the supply being very large some depression has at the Continent 1210c.; times been noticeable; a fair business has been done in Mara¬ caibo and washed 4Caraceas, but aside from this very little. Rice has been quiet but firm. New Orleans molasses has been more ative at a decline to GOc. as the outside price; foreign has been dull and nominal. Foreign dried fruits have been rather quiet and raisins have declined. Spices have been dull and unchanged. Raw sugar has been dull and nearly nominal at 7^c. for fair refining. 277ids. Receipts since Nov. 1 Sales since Nov. 1 Stock Nov. 8,1882 Stock Nov. 9, 1881 Boxes. 4,718 5.897 32,448 75 8,034 51,536 6 814 Baqs. 3,005 Mclado. Refined sugar has sold fairly of late at some decline; crushed closed at OS/sc., powdered at 9M@9^c., granulated at 9#9^c. and standard soft white “A” 8^@8%c. Kentucky tobacco has been New Orleans... m • Tues. •• Wed. 2,911 .... Thurs. 4,437 .... m 11,018 14,262 15,322 m 3,999 Fri. Total. 4,939 32,123 482 482 9,510 11.511 1,029 2,426 69,817 14,235 7,428 m , .... 2,215 3,291 3,918 8,164 1,353 6,441 7,950 5,836 6,405 Mobile Florida 8avannah Brunsw’k, &c. Charleston .... 5,204 Pt. Royal, &e. Wilmington Moreli’d C.,<fcc 1,066 Norfolk 6,408 • City Point,&c. .... • • • . . . . 1,417 • .... 4,013 . 5,429 ... 1,106 .... 295 295 7,079 384 384 7,827 43,618 14,113 3,413 5,095 .... .... .... 14,113 315 COl 965 621 885 713 1,080 C85 779 868 .... .... - • .... .... 80 Pliiladelp’a, Ac. . 482 . . 7,172 7,414 . 1,02 4 .... .... 27,380 532 20 - .... Totals this week . 1,576 .... • .... 5,544 .... 1,332 469 40,407 7,843 • Baltimore • .... 3,730 4G9 6,297 6,921 New York Boston • .... 3,460 .... .... 910 1,189 '548 1,189 2,152 9 38,904 49,216 42,475 37.582 36,297 57,777 262,251 For comparison, we give the following table showing the week’s total receipts, the total since Sept.l, 1S82, and the stocks to-night, and the same items for the corresponding periods of last year: 1881; 1882. Receipts to Nod. 10. Galveston Since Sep. This Since Sef). Week. 1, 1882. Week. 1,1881. 32,123 482 New Orleans... 69,817 Mobile 14,235 Florida 469 Savannah 40,407 Brunsw’k, &e 259,957 8,861 19,605 180,212 CO 3 7.209 336,670 116,987 2,295 329,594 64,324 13,181 37,401 407,090 90,462 2,777 312,326 3,337 209 3.937 227,647 11,107 53,267 4,857 209,196 70,904 10,286 785 Charleston Pt. Royal, &c. 27,380 219,262 29,607 295 591 Wilmington.... 7,070 M’head C., &c Norfolk 3,899 46,258 3,219 43,018 City Point, «fei 14,113 New York 331 Baltimore 3,413 5,095 1,189 Pliiladelp’a,&c. 2,152 Boston Slock. This Indianola,&c. Total 52 Mon. 5,670 10,117 Indianola, &c. 1,330 400,624 377,525 Sat. 8,681 860 231,022 70,282 10,550 30,080 28,OCT 7,802 1,562 3,010 11,999 2,387 1882. 1831. 76,010 85,930 131,329 225,572 14,734 27,281 112,340 90,155 90,026 108,991 471 415 15,361 19,796 63,752 45,389 • • • . . 12,461 51,180 133,562 1,435 3,420 8,397 22,234 25,993 14,294 262.251 1.035,917 23.3.3-0 1,6 57.366 6 41,031 777,039 2.313 1 2,S54 43.352 10,226 In order that comparison may be made with other years, give below the totals at leading ports tor six seasons: Receij)ts at— Galvest’n,«fec. 1882. 1881. 32,605 20,203 1380. 1879. 22,374 1878. 21,113 21,639 we 1877. 20,654 69,847 48,683 61,324 61,272 active; sales for the week New Orleans. 33,871 56,307 200 hhds. for export and 100 hhds. for 14,235 13,181 17,216 11,459 19,723 consumption—total, 300 Mobile 15,374 hhds. Prices are firm ; lugs 6@7c. and leaf 7/4@12c. Seed Savannah.... 37,401 40,407 35,814 42,532 26,379 31,793 leaf. remains comparatively quiet. Sales for the week are Charl’st’n,<fec 27,675 30,201 26,190 18,229 22,468 21,591 1,715 cases, as follows : 150 cases 1881 crop 7,463 9,5 41 8,lS6 5,991 Pennsylvania private Wilm’gt’n, &c 8,959 7,620 terms ; 300 cases 1880 crop do. 9@14c.; 450 cases 1881 Norfolk, &c.. 57,731 42,793 42,679 46,757 crop New 22,444 31,503 England 12@30c.; 100 cases 1881 crop State private terms ; 560 All others.... 12,318 15,735 14,2 46 12,863 15,471 6,628 cases 1881 crop Ohio 3%@Qc.; 55 cases 1881 crop do. Little Tot. this w’k. 262,251 233,320 215,842 220,21G 176,004 194,571 Dutch private terms ; and 100 cases 1881 crop Wisconsin Havana seed 10c. Also, 350 bales Havana at Since 8Sc.@$l 20. Sept. 1. 1685,917 1657,366 1857.906 1667,438 1364,233 1125,721 Naval stores have been quiet; rosins rule Galveston includes Indiauoia; Charleston includes Port irregular iu price Royal, Ac. and spirits turpentine has declined to 53/£c. in yard, in sym¬ Wilmington includes Morehead City, Ac.; Norfolk includes City. Point, <&o pathy with Wilmington advices; common to good strained rosin The exports for the week ending this evening reach a total Tooted 8;4@9c. for export as to test; crude certificates have of 154,887 balas, of which 85,416 were to Great Britain, 15,622 to had an active speculation and to-day fully 25,000,000 France and 53,843 to the rest of the Continent, while the stocks bbls. were sold here, opening at $1 33, dropping to $1 25, as made up this evening are now 644,034 bales. Below are the recovering to $1 29 and closing at $1 24%. Hops exports for the week and since September 1, 1882. very strong but more quiet, owing to the reserved offerings and Week Ending Nov. 10. From Sept. 1.18S2, tc Nov. 10,1882. quieter advices from London; new State quoted here at $1 05 Exported to— Exported to— @^115, although sales of a speculative nature have been made Exports *n the Great Total Conti¬ Great Conti¬ country at $1 25@$1 30. Ingot copper steady with 200,from— Total. 000 lbs. Lake sold at Brit’n. France nent. Week. Britain. France nent. 18018 Ocean freight room has been 5.117 ) ,025 12,394 5,031 04,110 15,48 ■ 20,195 105,800 moderately active; at least, so Galveston more ^asJ'ke °^erinGs of tonnage would permit. Rates are firm aud the general position is quite satisfactory. To-day grain was taken to Liverpool by steam at 5d. and from Baltimore for iJecember 7/£d. and for January at 8c.; cotton hence 2s. 6d. per bbl. and 15s. per ton; bacon 25@30s.; ^Od.; llour cheese 35@40s grain to London by steam, 7d.; do. by steam 7j4@7/£d.; do. to Plymouth hy steam, 7}£d.; do. to Antwerp by steam, 7d.; do. to Havre by steam, 13c.; do. by sail to Cork for orders (December), hs. 3d. per qr. and reported 5s. 7^d. prompt; refined petro¬ leum to Rotterdam, 3s. 7/£d.; do. in cases to the Levant, 24%e.; Go. in bbls. from Philadelphia to Plymouth, 3s. 7/£d.; residuum thence to Marseilles, 3s, 9d.; crude oil thence to Cette or Mar¬ seilles, 3s. 7^d. to Cardiff ; New Orleans.. 26,583 0,471 17,970 52,721 111,829 2,r.o 13,441 15,891 11,012 26,539 50,877 02,072 231,37 5 10.178, 11,618 6,595 52,530 27,533 74,326 00,007 9.084 150,331 10,019 50,659 35,949 40,40e 19,215 300 17,033 217,008 35,949 57,739 Mobile Florid?. Savannah , .... Charleston *... 2.710 WilminRton.. l, <331 17,697 Norfolkt New Yor* Boston ... Baltimore ?hiladelp’a,&c Total Total 1831.. * 19,037 4.213 8,932 1,030 5,020 J ,500 83,413 U,S:0 1,*'34 17,89: 31,9 37 4,218 5,020 1,500s 13,022 53.849 154,887 "50 531 "12,338| To 315 104.2041 Includes exports from Port Royal, &«. + Includes exports from West Point, &c. 3,934 70,950 7*3,930 750 19,905 539,567 100,927 237,372 883,863 ~78*.9.J8 182.707 747.135 465,440 THE EHRONICLE. 548 IVOL. XXXV Th* Sales and Prices of Futures are Hhown by the follow¬ ing comprehensive table. In this statement will be found tie the City Point, «fco., movement. Consequently we have now daily market, the prices of sales for each month each day, and the closing bids, in addition to the dailv and total sales. our weekly and monthly tables of receipts from Sept. 1, 1881, lyr* In January and February, 1882, large additions to eur port eoeipts were made, for om bsIous during previous weeks of a por¬ of tion revised o Fob. 1, 1882, and incorporated the omissions in the weeks to which they belong instead of inserting them in bulk in December and January. > •?< In addition to above exports, our telegrams to-night also irive us the following amounts of cotton on shipboard, not cleared, at the ports named. We add similar figures for New York, which are prepared for our special use by Messrs. Carey, Yale & 10, AT— - Great Britain. France. Coast¬ wise. Other Foreign 24,056 3,405 80.053 None. None. None. Charleston 4,000 0,100 23,707 35,849 9.500 5,000 None. 1,300 None. 6,870 1,050 23,000 5,400 13,280 3 4,500 1,488 334 None. 550 None. 1,838 4,000 1,000 1,287 2,3‘J5 28,066 110,820 Total 1881 Total 1880 “•(-D x B ® — 3.5* 85 r+ © B* 2 S' None. None. 13,527 61,698 a 53,083 23,185 42,556 101,107 23,503 40.504 14,814 16,432 134,238 187,546 'K -w ® E®5*S ft* P P* A !—• Nov. 4 to Nov. 10. 71516 Ordin’/.tflb Strict Ord.. Good Ord.. Btr.G’dOrd NEW ORLEANS. Mou Toes Sat. 83,6 83,6 8:j16 83i6 «3g 8% 85s S5g 93l« 9^8 oy,G 83? 95s IO83 10% Good Mid.. 10^ Btr.G’d Mid 10151(i 1015lc Holiday Midd’g Fair IDig H716 123,6 12316 Wed 7^8 Strict Ord.. 8&i6 Good Ord.. 9*8 Str. G’dOrd 9916 Low Midd’g 10 Btr.L’wMia 1014 Good Mid.. mou. Tae* 93 lB Middling... 101*3 Middling... TEXAS. Sat. 71516 101i6 10°16 Ordin’y.$tt> MonTae* 838 .Low Midd’g lOfio Str.L’w Mid lO^ifl Fair Sat. Th, Frl. 97s 105,6 9'16 978 10516 10*3 978 I05lfj 101*3 101*3 1041,h 1015,6 1118 llSg 1238 lUa 115s 123s 1118 115s 1238 Wed Frl. Tb. H0 3 ©© to 00 a ® O^CH n H Jr 9o9 X 778 105 6 3 01*3 I 04 4 ,., to o C O to to 00 ^ -IH o © o to >b o 10 4.»1H cog >-> CD I H *— . I o H to CO th th ^ 840 919 919 93a 933 93s 939 89,6 938 89,6 9916 9% 6 91316 913,6 943,6 943l6 loq 1014 ioq IOI4 1044 10 He 107,6 107,« 10 * ,6 107ie 1058 107,6 lOSg I0'ilb 10n16 101116 1078 1058 1078 105s io4 1078 105s 107s 107,6 107,6 107« ;107fi O • 5: 10 r> A ® 99 a ® ^ Oft* 10 to f o a H (xoo co 0 99 00 *-© 0 ft— if.. tr 90 £ ® 1 6 o co OH ft* h - o 99c9 co coho© c. o -1 H o* ft-ft* 99 a 99 *> < to to © 0: co ® a^lft*'1 coo ^ ft* ft- 1 ^: t-* I-* ! *-* 1 ^ H© ft* CO'O toco 0 -1-* B I1 to CD 9 =9 CO o CO X • — wS gb ^© © CO <1 CD © 6 © 00 CO iW © © H ft* © *-* iff ft.^ ►-* ©X,-, — © © © © ft © © © H CO CO O' 10 1 C0 H ©C© © © Z> 99 •Cji lx ® H H V- ft A 9 — l O' — -1 ft Vi — ©o Z © © ® ft© ^ —* > ® H © ft ^ •— © w © © o© A © <T. © © o<^ 10 to A ® ^ Hfth* 1 ftico: 1 1 ©©0 -1 © cn ft >. ft ft iff 00 !7 ® K5 OC X ® ob X HO« ^ ft© ^1 1 e?c: >-* © 1 ' 11 © -1 H tO ~* 9©9 XB* X — ft ft X ©X 01 © — ©;-©> O' 0« ® ^ © © ® C'D io -* *7=7 t—i 1' © » 1 d>©: ng wO © o O I 66 M ft* ft- © *-;* 61~* o © h— h-k ouo H ^ ^ h-a to . ft —* © ft © tc ^ o 1 : IDig line lDie lHl6 llllG iDie 119ig 11916 119,6 119,(S 119,6 119,6 l25,p 125,ft 125,6 12°, 6 125,6 12o,fi ft ft ►-1—* ^ ft* >-* © ft© ^ H ftftco^ ft ft ft ft ft* ft too* © H ^1 I s: : -1 it. tff 1 11 ft > A 3 "4 : cot * I $) to' ft"tc.ft H ft O ft ftft^ft toOft to -1© I 1 A O |I ft © I» 1 ® n ! S) j I : & ■8 1 £>: : i I *: > > A © —1 > 1 Fri. •< ft- © : ! ®: : a. * © : ® *■* n © x ft -* O © ft ©4-* H-©H ©©C© ft -* H ft © CO ® ©©© s ©9 H *— I © ft) 11 11 ft *-* ► A *-1 tsM ft 1 ►* •-* .i 6606 tO ^ cc: M © OtCfl © © O© ft 0 ©6©© 1 Hft-<lft* -1 ftS ft ©•-* £ ft H >* a ® I ««' — ©O f> ® bo ©©PS © CD © © CD 2 “ ft — 1 s>co: © © ^ CD 'Z'l 0* A ® — ft ©© > H ©CD © — A to 66 XX t* <7*47* *1J. ‘ ft -1 •O ® H ft —* -0© ©©c © CD © C CD 00 H CO © 00 ©©o© ft H-* <si 00 x ©©O 15 **( ft H 1 — — H-* o ® ^ Ox 1 H 5 OCX O' CO 00 1 M it* OC ►- ft ' © H Htift L*®j ©C© O' ft, ft ft ©ft © A) *0, O O C- iJ1 1 s'co: l*vj ft 4 <*», ©©c© ft ^ ©o» CO—1 ft ft p» §* ^ ©r5: — N a > © -1 H -1 © to © 1 ® - © ® of)X ©Oft'3 1 % ft: ©O-s© ob ©0© 99 1 ft • ^ ® CO to Is®: 1 ft 7T ft -J -1 9° ob OC O* f* c© 2© » n ©.© ©© 9© ^ 1— — CO 7:77 ©© 9©9 99 1 to© >• ft rji ft * M ft — —* CD —1 <1-1 -j X ft © © © ©© j X— P ® H* 0c 4A % • © © ©©©© 00 ^ c©©o ft ft 03 ^1© © X 1 ft — ^ *-* ©© tr 1 ^-4: —xi- X X i^ itf ft * C©o© o"' © c 0« Zu CO ft ft ft ft ft a. H Cj'lO® © 1 — ft C©o© ODD©© ® t/' j 1 9£ © o* ft .’I ft o© A tv 0 ^.aLC H ^ to *53 Cr' l $>;o: ^ ©© hC if- ©o< 1 ^ 909 ft 1• H ft ft—7)i*-* left ©© ©© ft —* —> cx • — ^ BO®© O' Cn O o« 1 ©5°: ft © © © 1 <, ® O ft ft c©© Cx Ot ft ft = — — cc co H a O' O ^ © 0»©o© < 99 0 ft l «to: ft ft *D >-* © © © © © -j ft C3 — w © A * c© C« Vi © ►- ^1 11 X 1 ft — ©o H O fs* ft — ©©©© cJ« © o» iff co C H O' O' X 1 eqs: 1 w-i: *-* »-* |1 © ©©ft.'3 o k-4 ft |^.©C0 iff H H ftW 0*: ft ft fr> >-* •— coco coco ft “ 1-* 99c9 tO ^ ft* ^ i 9)P* ft* oco9 CD-l *> A ® CD —1 •I tiwCw ® © © ft* o* A © © w 2 coo; ©© CD © n I @o: <X 00 to O© *-*— fa t; to © to to ft cr 9® COCO % CiCi ^© © A co co ©CO HIO 9? fa. 9 9 0© co © © ^ £T — C co ^ S’sj* J* a. I ©***'. ■-* ^ § *-«C5 & t)Q« 1 t-*o3 * O'H O to © © -J © * COoC to CO o to 1 © ® to 10 CO ft* to as g*®J*s CO CO o o © »-• H H oc > co 1 - r- ^ I <§)o: ft* • £o<?S I ® **: “* H ft* 03 10 W ft* to 10 IOI4 Tb. .* >-s : o CD coc9 1 eo: 913,6 10% H^-S 99 ti 1 sr*- 99©9 ® *-* 938 10 ^; • too 2 Oft* GO® -j Fri. 848 I? 33 ; ® • ®*ft*fti© !* co H 10 ft 813 : • 090 = ©co9 r- 89i6 1 PoS? o< I « coco X ‘D r*s 1.3d Tb. 1 ®«6 *-• A ^10 3 p at*ft*^ Hoc* 3 hcs* w H — o_ © b : fJQ . . ® to !7 c© II Nat. I Mon Tuea Wed - ft* §1 0 8% 12^8 9• : p : • ©S 33 sis co gf 9 -l'lto^ R* o 00 89,0 STAINED. *~~-a 2 X © ® O ft* »-* CO to 10 CO — 8% 8916 113a : p • -1 ^1 o to. tC 00 CD co ft 8‘3,6 1078 A oo toco® to to to a ® © 8*>16 lo 78 B-P o 4—* ^ 7"8 8°16 1138 1218 cc©o wOi: O' 05 104 Str. G’d Mid 1078 Midd’g Fair 113s Fair 1218 ■ oa£« ft* — © 10 toy 18 Ht—or)1-* B* ® ® A B x - M ?* : ** CD < ^ -• © ® - : o I I ©i»: o o £j. to <-• 1 toCC 'J< 00 © im Wed © ft {ft .1© 99 97 m *. 7fl 10H16 101116 104516 lOl^ie 6>©3 P.3 5* *-j o ^ A P . b ; era. © * 10 to o C-® ® P D X* M ora *B o P g 9 99 1 B* o CO a ® c§ — P*r^ o o© UPLANDS. P V b : <*?. 0*Tj®©' ©2. — ® x a ® ® • CO ft and Pff'l S'*5 * . < ©: • i s»y>: 10 7-16c. were to arrive. The following are the official quotations sales for sach day of the past week. • ft* — The 4,671 bales, incduding 1,200 for export, 3,271 for consumption, 200 for speculation and in transit. Of the above, 500 bales . H-p >> I ►rcr3 642,801 585,074 The total sales for forward delivery for the week are 462,200 Dales. For immediate delivery the total sales foot up this week p rrf- * : P* (JO • £ 5 2 ® ® ® —-® ® B x * x • 0©©B —1 40.130 45.657 yielded, for the want of support. December and January were notably weak under large sales for Southern account. On Thursday prices again gave way, but there was a slight Tecovery at the close and a steadier feeling. To-day there was an early advance on a better Liverpool report, stimulating a demand t# cover contracts, but as the inquiry on this account subsided prices partially receded. Spots declined l-10c. on Wednesday without leading to any marked revival of demand, whether for export or home consumption. To-day the market was quiet and unchanged, middling unlands closing at Q*oap® o 3.2*2* “ftftH 23,740 well as a demand to cover contracts, but there was a furtlrer decline on Monday. Tuesday was a holiday. Wednesday opened firmer on the better accounts from Liverpool but values soon o8-“§* o 99 as — — X O ® X ® • 49.194 speculation in cotton for future delivery lias been only moderately active the past week and there is some further decline from the low prices already made. There was, on Saturday evening, an effort towards a reaction, based on the statistical position as presented in the last Chronicle. The fact that the out-turn of the crop for the first two months of the season was about 70,000 bales less than for correspond¬ ing, period last season, and that at the same time the visible supply of American cotton was about 307,500 bales smaller than at the end of Oct., 1881, caused some buying for the rise, O : § ® 429,323 211,711 1— 21 © 101,276 14,731 7 6,7 46 77,846 26,816 40,012 1 4,050 6,000 X^ * O*og? S’ —*11 P — 9 — Slock. Total. 25,323 Total 1882 — — M Leaving ! None. New York Other ports O Shipboard, not cleared'—for 26,004 Galveston Norfolk ►-•i-i P Du ® ® New Orleans.... Mobil© Savannah 7 o 00 to Nov. v p n Lambert, 60 Beaver Street. On 0^x2 > ® 1 1 © ftj Good Ordinary Strict Good Ordinary. Low Middling Middling ....$ ft 7°io 83s 7916 ! 83s xo'16 7ifl j Iloli- 9 he 10 i day. 8sia 8516 9 9 9 915lfi 915in 9!5|e MARKET AND SALES I I ! S 713 1 * includes sales in September, 1882, ber-October for October, 815,000. i! for September, 500,200; Septem- Orders—Saturday, lO'-lOc.; Monday, 10 30c.; Tuesday, Wednesday, 10 30c.; Thursday, 10-25c.; Friday, 10’25e. Transferable SALES OP SPOT AND TRANSIT. SPOT MARKET CLOSED. Ex¬ Bat.. Quiet Mon . .... Dull and easier.. Tues. Wed Steady at Lq dec Thurs Easy Fri.. Quiet . Total ------ Con- Spec- port. sump. ul'Vn .... 45 i 548 201 1.200 Tran¬ Total. sit. 392 5S8 392 Hoiid 693 3.271 200 .... 200 Sales. Deliv eries. „ „ ^ 9 .... .... Short notices for November—Saturday, 10 35 c. E5P* We have included in the above table, and shall continue 588 to give, the average price of futures each day for be found under each day following the abreviation i,33:i age 93,000 300 1,459 110,000 899 105,100 200 3u0 4,671 462.200 1,200 pr- for each month for the week is also given The following exchanges have been made •33 pd. to exch. 100 Nov. for April. •34 pd. to exch. 200 Feb. for May. •19 •11 pd. to exch. 500 June for A ag. pd. to excli. 500 Mav for June. •45 *vl. ;u cauG. -J0J i\iJ. L* J .Ri-\ each week each month. It wil “ Aver.” The aver¬ at bottom of table. 200 200 deliveries given above are actually delivered the day ^he tj dally Uuit ou vliLli .uvy cuv repjr.ed. ; 62,400 9L.700 av... 882 711 FUTURES. during the week: *11 pd. to exch. 400 Jan. for Feb* *12 pd. to exch. 100 Feb. for m * *47 pd. to exch. 100 Jan. for 1 <. • *47 pd. to exch. 300 Jan. for 1,1. - *?> 12 p-1. to ux.-k. JJJ *0* THE 11, 1882 J November CHRONICLE. THb Visible Supply op Cotton, as made up by cable and f^levrapb, Is as follows. The Continental stocks are the figures bales less than at the same period last year. The receipts at the same towns have been 8,479 bales more than the same week last year, and since September 1 the receipts at all the towns are 9,925 bales less than for the same time in 1881. Receipts from the Plantations.—The the totals for Great Britain and the afloat this week’s returns, and consequently brought down to Thursday evening; hence, to make the totals the complete figures for to-night (Nov. 10), we add the item of exports prepared for the f last Saturday, but for the Continent are 1882. . Britain stock rf.»tal Great Stock at Havre.. 77,000 533,000 , . 112.000 2.500 -* gtortk at Marseilles..-. Stock at Barcelona Scook at Hamour^ Stock at Bremen Stock at Amsterdam Stock at Rotterdam Stock at Antwerp.. 1981. 461,000 bales, Liverpool London Stock at Stock at ........ 1880. 1879. 505,000 42,500 424.000 42,200 288.000 547.500 151,000 3.590 463,200 340.831 58,100 7,640 32.800 86,820 27,000 3,500 29,300 7.600 56.800 52,831 809 4,000 1,800 20,403 17,300 3,230 24,000 8,930 900 300 13,000 38,200 16,400 1,360 2.300 . Stock at other conti’ntal ports. 14,000 12,900 12,500 6,000 continental ports.... 197,100 295,550 149,651 140,362 735,100 813.050 56.000 315,000 28.000 491,193 74,575 503,434 39,656 578.768 187,126 34,000 _ Total . Total European stocks.. .. , Amer’n cotton afloat for Efcypt,Brazil,&c..atlt for E’r’pe> United States ports SUMkinU. 8.interior towns.. Uniied States exports to-day.. «t{ ck in .. 2.200 981 644.034 173.157 285.408 615,851 55,000 454,000 33.000 771.957 227,135 18,220 30,800 11,000 134,000 439,000 16,000 afloat for Europe Eur’po> ladla ootton 2,500 777.039 2,159,511 2,335.297 2,167,913 1,898,752 Total visible supply ■loan and other descriptions follows: are as American— 439.000 644.034 173,157 18,220 United States interior stocks.. United States exports to-day.. 395,000 129,000 315,000 777,039 285,408 30,800 301,000 66,000 451,000 771,957 227,135 11,000 171,000 46,000 31,000 East Indian,Brazil, dc.i Egypt,Brazil, &c.,afloat.. . 270.000 77,000 110,000 126,100 134,000 16,000 166,550 56,000 28,000 623,100 403,050 123,000 42,200 83,651 55,000 42.500 117,000 52.831 94,362 33,000 74,575 39,656 336.851 378.424 1,536,411 1,932,247 1,831,092 1,520,328 Price Mid. Upl., The Week 2,159.511 2,335.297 2,167,943 1.398.752 6 led. 6Tlf>d. 07i6d. 678’1 Liverpool imports into Continental ports this week have been Beceipts at the Ports. ending— SVk atlnterior Towns. 18S0. 1881. 1882. 1880. 1881. Aujf.25 21,123 12.352 33,471 40.492 Sopt,. 1 42 0S2 35,078 46,722 72.612 91,052 23,032 28.088 32 712 46 422 39,302 57.410 16,519 49,512 51,674 75,452 136.413 112,293 77,223 77,868 29...... 172,221 131,756 136.479 96,331 Oct. 6 190,094 174,810 179,883 123,509 4 13 210,367 191,056 206,136 147.913 ** 20 236,341 192.531 242,329 179,792 " 8 61,117 “ 15 102,695 “ 22 “ 21 “ 10 1882. 1880. 1881. 14.327 20,920 30,199 10,144 15,586 4] tR8ft 5 > gjig 94 9H1 67,707 83,000 29,081 52,108 103.779 19,115 115,067 112.094 29.985 162,007 140,020 124,526 46 022 190,084 155,503 153,116 78,862 229,272 205.843 210,123 95.875 231.771 232,058 224,949 228.7.S5 125.039 208.220 224,755 271.693 193.501 ... The above statement shows—1. That the total plantations since September 1, in 1882 1881 2. corresponding period of 1881—is set out in detail in the following statement: © § 3 Sc®£2 V ® I—• B * : S ; iP ® ® an i-j were 1,934,102 bales; in 1880 were That, although the receipts at the out-ports the past week were 262,251 bales, the actual movement from plantations was 298,899 bales, the balance going to increase the stocks at the interior towns. Last year the receipts from the planta¬ tions for the same week were 265,341 bales and for 1880 they were 23S,533 bales. Amount we of Cotton in sight November 10.—In the table below give the receipts from plantations in another form, and add to them the net overland movement to November 1, and also the takings by Southern spinners to the same date, so as to give substantially the amount of cotton now y*- ;: &• un ©m3 ?! ® c+ 80 ® •-J © i—i e* 80 S'gfQF /-F ® ert** go H © Oo “ m 2/©,.?<* CSg o P r, Q od rS 2 c+ i r; 9 SJ CD ® g®> £3 ^ |j ^; in sight. CO . *» o H cc to MtO 45, 15 CO M CC *-*►—* to M CD -lVo-JCH-1 *M ©jom*kcotojoto£»xP>. Cl © O<JC0 0iQ0h-O CD pi-CCClCD-Cl® Cl - o erg P ? Q MOB So . » CO '3 13 CDi-*M O ® M 01 *4 p: o 00 wek. This 100 m"© ©M M © CC P] CD MCI to P- ©on CDM CD ~<1M to ©(£.--•©©- J ©©Ot©OtO MMlOCC©M©CDCrt^J©i"*0&CDM0Jt|^^4 0H w Cl 10 ACMMOiMtOMMU M mi^©C0i^.<4 01 O CO O CO tO M CD 00 © C O' Cl CO C. CD M CD ! Cl o |fi-CO©lOtO-<M^-©cctOM-q-4©cD©-4© -I <J GO to Cl OC CD to CO to O’ bo O’ to Pj 00 to CD M M -1 © — CD © Cl It- ©'t to M © 00 © to CD M M C a.© © C© CO M © 03 Cl © if^ OD CO -4 M 03 M C3 CO S* M “-ft » 00 to K-* ■« CO 10 p o o pi M to M M CC M M CD® 'Ci-COMMMCOiL 01 C( 01 If- O’ 01 a COM © 00 CO m Cl © M ©|f-©Cl© CG CO GO O O \jj CO f*— > r-i M M O’ CO © tO if>*^4 M 03 to M M to b'l © bo cc © CO CD © to CO © © M Ot to CD O' ® © O' © 03 tv CD X © to |fc» O X © 03 if^ © © O’ X cc cc r- —1 CO CC O’1 CD cn X © ■S' a ~i' b«« <1 CO CO Oi w -I — <- to M —I c. 3ia ©toto > © © m © a >-* If- CD © CD c M © to M ©MM Co d co m 03 -* <1 to M to ©t © --J ©i © to cc c: cc to bo to m © © © x co to 13 M to MM p >-t:Mto © ©i ® M © <J m to M <1 CO C M © © -1 x © CD to M V ® ©1 © bo to M - J p Cl to X ® © © CD © © - i — ® C X © © -* A- © 0‘ © C> © © - - C’l © X © — C: © 1 1 C m !-* O’ ll M © © ©■ - i C3 ©i ' —- a o—■ w • - /. - i^* -■ t-1 CD F 'M MtO © tO MrD»-CO© CtO © M M Ct *0 Cl ° v* M C*v C“- r— w a to ©-UC CD © * M ‘-J M 1 1C h— ©•-! O M O’ c © CC m © X ommwwj: **>3 O’ X MM MCOXi^-OiCO-l© ►—A f? > **• The by the above that the decrease in to-night, as compared with last year, is 71,156 bales. ® 03 —• *— m ^1 to © CD io to ©T x to O’ M Ci io — © 10 ©I 03 ^1 -4 —1 M tO tO © X © © © -4 © © »I ©i 03 — 03 -1 ^4 M ©i © -4 X -4 M © 10 tO CC Ci M ©i CD © M -J to to M ct ©i to to © M M 03C0Mt0£*<J io M c: X to -l CCCC©©»-4©©tOO©itO-4XMtOM©TX© to © to a Ct ©I OC to m l C ©i Cl to to tv -4 -1 V Si'if.cM -.1 QO o m m ©l © © © O’ X © M X CD to to ^4 03 if- © to © X © X to © 03 to M ©t tfx Hto M-MMMHIO Mtc.ifktOCiCDO O’ tv M © © © CD M io *® -VPl ©Pj M *©'<1 ©i -1C 00 05 to ‘-'P-© CC C5iC--l-MtC»-tO‘)0^l5rt-'lOiOi(-tO I-* M c CO CO I— Cc M ^ S' seen by Telegraph.—The amount in sight favorable condi¬ still prevail in the greater and cotton is being gathered and Cs r1 :-.l I F ?r vs a ^ ^ cT >3 ? © r» M on past week, the rainfall reaching one inch. four days of The election excitement liaa partially interfered with picking. mometer has ranged from 63 to 80, averaging 71. • x» 2? -1 to X the W ©t M -4 M © *— OO M I-1 ‘JO m <1 —'‘ above. totals show that the old interior stocks have in¬ during the week 27,652 bales, and are to-night 112,251 2,105,185 sight November 10 Huntsville, Texas.—Wo have had showers g Tliis year’s figures estimated. creased 2,034,020 Total in It will bo and lowest 02. 2c v—4 XiO 03 © M to H if4’ tO M M o; |U ©l 03 lb. © -c; © ® -4 CO © 03 to --1 © CC ©1X © M M © X © O CD -— O’ ci 126,083 45,000 Palestine, Texas.—It lias rained on four days of the past The rainfall reached one inch and thirty-five hundredths. Average thermometer 71, highest 79 . 1C cc tc 50,000 week, doing no harm. 13 It- Southern consumption to November 1. to 86. 5- MW © ® ©1 © -4 M M ^3 rf- © Ifa- © CO X © CD CD 10 03 © CM w~ <s Pj 03 3-4 io ©-l©i-‘^|CC03Cl©lt0lOM®®M©©®M to 00 to to Cl CO O’ o a— 1,034,102 03,857 276.736 Brenham, Texas.—We have had no rain all of the past week. The thermometer lias averaged 79, ranging from 61 cc 13 GO 1,881,172 10 days of the past week, the rainfall reaching forty hundredths of an inch. The thermometer has ranged from 69 to 84, aver¬ aging 77. Dallas, Texas.—We have had no rain during the past week. Prospects are unchanged. The thermometer has averaged 75, the highest being 84 and the lowest 59. & iS M — Cl Total receipts from plantations.... Net overland to November 1 of Sept. 1 on Nov. of the gj ^ •3 1,657,366 excess Galveston, Texas.—The weather has been warm and dry all past week. Picking has been interfered with to some extent by the election excitement but not as much as expected. Average thermometer 74, highest 79 and lowest 68. Indianola, Texas.—We have had harmless showers on three co qs° I-* o 1,085,017 105,255 Interior stocks in portion of the South, marketed very freely. H i— h 1881. tions noted for several weeks past §3S v* : Si *§ i £ : : g» • Receipts at the ports to November 10.. .bales. Weather Reports QD ^ o o' s gpc fa b ® . i receipts from the 1,881,172 bales; in 2,082,326 bales. were 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 £ 88,093 The above figures indicate a decrease in the cotton in sight to-night of 175,780 bales as compared with the same date of 1881, a decrease of 8,432 bales as compared with the corres¬ ponding date of 1880 and an increase of 260,759 bales as com¬ pared with 1879. t# 1832. 155.559 36,000 bales. <— Rec'pts from Plant'n* 254,830 210,587 241,738 209,575 251,532 139,317 284,013 233,334 258.010 251,708 225,285 256,023 240.562 290,140 175.092 282,755 203,893 292,398 215,842 233.320 262,251 203 258 322,161 211,740 238,538 205.341 298,899 3 Nov. 578,763 187,126 purpose RECEIPTS from plantations. 503,434 1,536,411 1,932,247 1,831,092 1,520,328 Lonrton following table is of indicating the actual movement each week from the plantations. Receipts at the outports are some¬ times misleading, as they are made up more largely one year than another at the expense of the interior stocks. We reach therefore, a safer conclusion through a comparative statement like the following. In reply to frequent inquiries we will add that these figures, of course, do not include overland receipts or Southern consumption; they are simply a statement or the weekly movement from the plantations of that part of the crop which finally reaches the market through the out-ports. “ 191,000 71,000 Liverpool stook Continental stocks.... 549 The ther¬ Weatherford, Texas.—We have had no rain during the past Prospects good." The thermometer lias averaged 74, the highest being 33 and the lowest 58. Belton, Texas.—There lias been no rain during the past week. The thermometer lias ranged from 58 to 83, averaging week. 75. LutingTexas.—We had no rain all of the past week. Picking has been interfered with to some extent by the elec¬ tion. Average thermometer 75, highest 84 and lowest 58. New Orleans, Louisiana.—We have had no rain during the past week. The thermometer has averaged 71. Shreveport, Lousiana.—Telegram not received, fHE 550 |>.r: Vicksburg, Mississippi.—It has rained on one day of the past week and the remainder of the week has been pleasant. Columbus,Mississippi—We have had no rain during the past week. About three-fourths of the crop has been picked, and is being marketed freely. The thermometer has averaged 64, ranging from 47 to 81. Little Rock, Arkansas.—It has been cloudy with rain on two days of the past week, and the remainder of the week lias The rainfall reached sixty-four hundredths been fair to clear. of an inch. Average thermometer G2, highest 73 and lowest 51. Memphis, Tennessee.—We have had rain on five days of the past week. It has been cloudy the entire week. Planters are marketing their crop freely. The thermometer has ranged from 51 to 75, averagingJ63, and the rainfall reached eighty-nine hundredths of an inch. Nashville, Tennessee.—It has past week, the rainfall reaching dredths. The thermometer has 72 and the lowest 43. ri_. CHRONICLE. rained one three days of the on inch and forty-four hun¬ averaged 57, the highest being Mobile, Alabama.—We have had no rain the past week. Picking is making good progress. The thermometer has averaged G4, ranging from 51 to 81. Montgomery, Alabama.—The weather has been warm and dry all of the past week. Picking is progressing finely and planters are marketing their crop freely. The thermometer has ranged from 46 to 74, averaging 61. [Vol. XXXT. Shipments since Januaru Shipments for the week. Conti¬ nent. Great Britain. Conti¬ Greatr Total. , Britain. i nent. Total. Calcutta- 400 109,100 200 113,600 38,500 37,900 147,600 151,500 2,800 2,800 56,500 5,000 300 3U0 22,000 600 61,500 54,100 25,500 19,100 6,100 73,200 219,700 161,100 62.600 44,900 282,300 400 100 1882 1881 Madras— 1882 1881..... All others1882 1881 100 22,600 31,900 Total all- 1882 3,200 1881 400 3,200 500 100 206,000 The above totals for the week show that the movement from the ports other than Bombay Is 2,700 bales more than same week last year. For the whole of India, therefore, the total ship¬ ments since January 1, 1882, and for the corresponding periods of the twro previous years, are as follows: EXPORTS TO EUROPE FROM ALL INDIA. all Europe from— Since Jan. 1. This week. Bombay All other 1881. 1882.* Shivments to p’rts. 4,000 1,395,000 3,200 282,300 1880. This week. Since Jan. 1. 12,000 889,000 2,000 500 206,000 2,600 This Siilce week. Jan. 1. ' 865,000 227,400 had no rain during the past 4,600 1,092.400 Total week. We are having the finest weather ever known. 7,200 1,677,300 12,500 1.095,000 Average thermometer 56, highest 67 and lowest 45. This last statement affords a very interesting comparison of the Madison. Florida.—The weather has been cold and dry dur¬ total movement for the three years at all India ports. ing all of the past week. We have had a frost, but not a killing Alexandria Receipts and Shipments.—Through arrangements frost. Picking has been interfered with by the election ex¬ we have made with Messrs. Davies, Benachi & Co., of Liverpool citement. The thermometer has ranged from 52 to 70, aver¬ Selma, Alabama.—We have ' It.v aging 61. weather has been cold and dry dur¬ ing all of the past week. We have had a frost, but not a kill¬ ing frost. About two-thirds of the crop has been picked, and about one-half has been marketed. Average thermometer 54, highest 79 and lowest 39. Columbus, Georgia.—It has rained on one day of the past week. The thermometer has ranged from 53 to 70, averaging Macon, Georgia.—The and Alexandria, we now receive a weekly cable of the movements of cotton at Alexandria, Egypt. The following are the receipts and shipments for the past week and for the coiresponding week of the previous two years. Alexandria., Egypt, November 9. Receipts (cantars*)— Savannah, Georgia.—The weather has been pleasant during week, with no rain. The thermometer has averaged 56, the highest being G8 and the lowest 43. Augusta, Georgia.—The weather has-been clear and pleas¬ ant during the past week with light rain on one day. The rainfall reached but four hundredths of an inch. Planters are marketing their crop freely. The thermometer has averaged 55, ranging from 40 to 71. Atlanta, Georgia.—There has boon no rain during the past week. The weather has been very dry and favorable for cot¬ No killing frost yet. The thermometer has ranged from ton. 36 to 70, averaging 54. Charleston, South Carolina.—Wo have had no rain during the past week. The thermometer has ranged from 45 to 70, averaging 51. The following statement we hare also received by telegraph, showing the height of the rivers at the points named at 3 o’clock November 9, 1SS3, and November 10, 1831. This week. the past Nov. 1, ’82. New Orleans Below high-water mark Above low-water mark Above low-water mark Above low-water mark Above low-water mark . Memphis Nashville Shreveport... Vicksburg Feed. 13 0 Inch. 2 15 . 8 o O 9 •J 4 8 Nov. 10, Feet: 10 18 9 lb 22 Exports (bales)— G O 11 This week. 5,000 7,101 190,000 635,500 Since This week. Sept. 1. 35,500 Since Sept. 1. 3,000 522 31,000 5,501 3,522 36,501 This statement shows that the receipts for the week Nov. 9 were 120,039 cantars and the shipments to all ending Europe 12,000 To Liverpool To Continent 1,000 13,000 Total Europe. * A cantar is 98 lbs. were 23,000 1,000 27.000* 12,101 1-1,68L i 50.184'i - 13,000 bales. Manchester Market.—Our report received from Manchester to-night states that the market is quiet. We give the prices of to-day below, and leave previous weeks’ prices for comparison: 1881. 1882. ’81. Inch. 4 8 Since Sept. 1. 1880. 135,000 757,550 120,000 35 G,01)0 This week.... Since Sept. 1 63. 1881. 1882. 32s Cop. 8*4 lbs. Twist. Shirtings. ColVn Mid. Upl is 6. R. Vd. s. d d. Sept. 8 9% 0 97s 6 4hj07 10*2 15 9;is 0 97«;6 4l^2u)7 ion. “ 22 9^8 0 978 6 4*2 07 10 “ 'a>7 9 29 933 0 934 G 3 6 1*2-07 8 Oct. 6 cv 7 9 13 U3s 0 P34 6 1 “ 1 *2 07 9 20 933 0 9h <> a 27 9l4 0 9h) G 0*207 7*2 6 Nov. 3 9 316® 9-'*3 5 11*207 10 9:* 9% 5 11*2^7 6 ** “ d. n 1 d. Shir ling 8. R. ■'He B78® 9*2 6 S78 0 9)3 0 7 9 678 6 53 6% 9*8 9*8 9 9 6 0 9\ 6 0 9:h 6 0 9^ G 0 9 *2 6 0 934 6 0 978 G 6 010 0 GotPn Mid. 8*4 lbs. 32s Cop. Iwist. (1. - d. a. 5*2 07 5*2 07 6 08 G 08 G G G G 6 6 08 08 '03 Upldt d. d. 8*2 8*2 0 0 0 0 0 0 0 73ia 7*4 7hs 678 67ia 6 ;<8 reported below high-water mark of 1S71 until 6716 08 636 9*3 638 @3 Sept. 9,1874,"when the zero of gauge was changed to high-water 9*8 0-16 08 1 *2 a'1 is mark of April 15 and 16,1874, which is 6-10ths of a foot above oq 618 1871* or 16 feet above low-water mark at that point. European ^Cotton Consumption for October .—We have India Cotton Movement from all Ports.—We have during the past year been endeavoring to rearrange our India service received to-day (Friday), by cable Mr. Ellison’s figures for so as to make our reports more detailed and at the same time October, the first month of the new cotton season. We have more accurate. Hitherto we have found it impossible to keep also received the revised totals for last year, and give them for out of our figures, as cabled to us for the ports other than comparison. The spinners takings in actual bales and pounds Bombay, cargoes which proved only to be shipments from one India port to another. The plan we have now adopted, as we have been as follows: have reason to believe, will relieve us from the danger of th^s Total. Continent. Great Britain. Jn October. inaccuracy and keep the totals correct. We first give the Bombay statement for the week and year, bringing the figures For 1882. New Orleans 69ic “ down to November 9. BOMBAY RECEIPTS AND Shipments this u ctlc. Year Great BriVn. 1882 1881 1880 1879 6,000 Conti¬ nent. 0510 bo b o 5Io o SHIPMENTS FOR FOUR YEARS. Shipments since Jan. 1. Great Total. Britain Conti¬ nent. Total. Receipts. This Since Week. Jan. L. 4,000 776,000 619,000 1,395,000 9,000 1,600,000 865,000 6,000 1,112,000 612,000 6,000 12,000 323.000 566.000 2,000 300,000 505,000 3,000 252,090 360,000 889,000 12,000 1,224.000 Takings by spinners...bales Average weight of bales.... Takings in pounds 221,520 152,360 373,850 421 391 409 93,259,920 59,572,760 152,832,GS0 309,950 120,720 439,670 434 411' 427 53,314,920 187,833,220 For 1881. Takings by spinners., .bales Average weight of bales....' Takings in pounds 134,518,300 According to the above, the average weight of the deliveries pounds per bale in October this season, According to the foregoing, Bombay appears to show a \ against 434 pounds during the same time last season. decrease compared with last year in the week’s receipts of 3,000 bales, and a decrease in shipments of 8,000 bales, and the •^Continental deliveries average 391 pounds, against 411 pounds shipments since January 1 show an increase of 530,000 bales. last year, and for the whole of Europe the deliveries average The movement at Calcutta, Madras and other India ports for the 409 pounds per bale, against 427 pounds last season. Our last reported week and since the 1st of January, for two years, has been as follows. “ Other ports” cover Ceylon, Tuticorin, patch also gives the full movement for this year and last year, in bales of 400 pounds each.' Kurrachee and Coconada. W 838,000 in Great Britain is 421 The dis¬ . '•v November 11, THE 1883.] Great Britain. In October. Continent. CHRONICLE This statement shows that the Total. For 1882. Spinners’ stock October 1 Takings in October .. Total smpply Consumption....... •• 56,000 233,000 149,000 195,000 382,000 289,000 284,000 288,000 244,000 577,000 528,000 5,000 44,000 49,000 Spinners’stock Nov. 1.. 139.000 receipts since Sept. 1 to* to-night are now 75,620 bales more than they were to the up same day of the month in 1881 and 94,072 bales less than they were to the same day of the month in 1880. We add to the table the percentages of total port receipts which had been received to November 10 in each of the are Takings in October 240,000 133,000 Total supply Consumption 361,000 280,000 373,000 232,000 81,000 141,000 Spinners’ stock October 1 .. Spinners’ stock Nov. 1. 512,000 222,000 Bremen, per steamers Elbe, 1,677 Main, 1,770 To Hamburg, per steamers Polynesian, 4,597 Vandalia, 400 Westphalia, (additional) 500 To To To Catalan, 2,800 Charleston—To Liverpool, Liverpool gives since 16th inst.: “The January. Monthly Receipts. Year 1882. Beginning September 1. 1801. 1880. 1879. 1878.' 429,777 853,197 458,478 968,318 333,643 888,492 283,348 639,264 Totalyeai 1,307,24' 1,282,972 1,426,796 1,222,135 Perc’tage of tot. port 583,637 978,112 678,959 8eyt’mb.’j October.. 326,656 930,584 receipts Oct. 31. 27-18 2 4 29 24-43 21 99 1877. 95,272 15 62 This statement shows that up to Oct. 31 the receipts at the this year were bales more than in 1831 and 24,263 119,5ob bales less than at the same time l° in 18S0. ?,k°ve to totals we shad be able to lor the different exact years. 1832, 1831. comparison of the 36,792 U it e 5.... 6.... n 7.... M Q «( A o.„. “ 9.... 1 A 10.... - 38,060 29,104 27,151 41,574 33,904 35,933 4S,836 1880. 1879. 46,514J 37,89'! 33,533 30,704 1877. 978,112 678,959 31,773 29,165 33.775 8. 27,243 21,848 46,140 8. 38,310 8. 31,603; 49,216 42,475 37,582 36,297 57,777 8. 29,924 29,682 46,365 8. 31301 40,389 33,590 40,193 49,319 23,562 30,961 27,896 23,330 31, SOS 43,978 8. 27,231 35,842 31,9G6 Total.... 1,635,917 1*610,297 1,779,939 r«oentag 6 of 34-11 30-30 30,902 46,381 8. 1,522,36- 1,215.510 30-44 27-33 8. To steamers per Antwerp, per steamer 6,232 518 , 513 1,305 (additional) 3,689 Kansas, 5,328 per steamer Lord Iowa, Switzerland, 750 2,834 750 163,212 The particulars of these form, are as follows: <C 11am- <£• Ant- vool. Havre, NewYork.. 19,037 N. Orleans. 1,050 10,800 11,190 Charleston. 4,926 Savannah Texas 13,11.8 Wilmington 2,350 . shipments, arranged in 1,520 4,256 6,000 Norfolk.... 33,678 West Point. 0,232 Baltimore.. 518 Boston 9,683 Philadelp’a • 2,831 burg. 8,911 werp. Barcc- Koval. Iona. Genoa. 1.274 1,662 8,191 2,402 7,100 Tolal. 31,967 32.583 6,446 11.356 26,121 2,350 33.678 7,003 6,232 3,689 4.207 9,688 750 Total... 103,181 24,01619,636 Below usual our Bremen Avis'dam Liver- 2,112 3,584 7,100 8.191 3,676 168,212 give all news received to elite of disasters carrying cotton from United States ports, &a.: Ana 9.688 Clive, 2,834.... Total we to vessels Sala, steamer (Span ), Ojinasra, which sailed from New Orleans. Nov. 3, for Barcelona, put iuto Havana, Nov. 6, with her maehiuory out of order. Clapeyron, steamer (Fr.), Ganello, from New Orleans for Havre, took fire at the latter port Nov. 2. The lire was extinguished with damage to cargo contained in the main hold. Flachat. steamer (Fr.), Prado, from New Orleans, took Are at Havre, Nov. 3. The tiro was afterwards extinguished with slight damage to vessel and cargo. Hesper, steamer (Bi\), Watson, from Galveston via Newport News, Va., Oct. 19, where she put in for coal, having on board 4,617 bales cotton and 55 saoks cotton seed oil cake, arrived at Liverpool. A. M. Nov. 6, witli the cargo in the forepeak on Are. The Are was extinguished P. M. of the same day. Part of the cargo was dam¬ aged by Are and water. Mount Lebanon, steamer, from Baltimore for Havre, before reported, which arrived at Halifax, N. S., Oct. 6, with propeller gone, had a new one put on and sailed Nov. 8 for destination. Prinz Georg, steamer (Ger.), Felde, from New O.leaus for Havre, put into Now York, Nov. 8, short of coal and with machinery damaged . Virginian, steamer (Hr.), which sailed from New York for Liverpool on de Sunday', broke off Nantucket for repairs. Do sail.-.d. Havre, steam Do sail Bremen, steam, c. pipe and otherwise deranged her machinery to this port yesterday Tuesday', and returned e. aail..:tf. Compressed. Satur. Mon. 14'S’516 *4® *16 .... Tues. • 916* as follows: Wednes. Thurs. 14®516 14®516 Fri. a4a>5ia • .... .... 916* j .... 916* , .... ®ie* » .... .... .c. Do sail c. Barcel na, etcam.c. * a steam on freights the past week have been Liverpool, steam d. Do 2219 2,402 Pohona, 2,600 Upland per steamer per steamers America, Philadelphia—To Liverpool, Do sail e. 44,31 r 31,771 Hamburg, steam.d. Do sail...d. 35,213 22,037 Amst’d’m, steam, c. Do sail...d. 31,522 22,876 Baltic, steam—d. 964,495 per barks 2,78G....l9trian, 1,574 that time 1878. 1,274 Buenaventura, 3,650 Liverpool, Salier, 2,334 Boston—To Liverpool, movement 41,655 55,664 total J’ort rec’ntp Nov 10 To Bremen, Cotton Tot.0c.31 1,307,240 1,282,972 1,126,796 1,222,135 Nov. l.... 2.... 3.... 4..., By adding Oct. 31 the daily receipts since reach an l 897 West Point, Va.—To Liverpool, per steamer Mareca, 6,232 Baltimore—To The movement each month September 1, 1882, has been as follows. [oP1 In January and February, 1882, large additions to our port receipts were made for omissions during previous weeks of a portion of tne City Point, Ac., movement. weekly anil monthly tables of Consequently we have now revised our receipts from Sepc. 1, 1881, to Feb. 1, l»8L, and incorporated the omissions in the weeks to which instead of inserting them in they belong bulk in December and 765 To Havre, per bark Anna, 1,520 Upland 1,520 Savannah—To Havre, per steamer Regidus, 4,256 Upland 4,256 To Reval, per steamer Castello, 7,100 Upland 7,100 Texas—To Liverpool, per steamers Andean, 4,055 Sapphire, 5.785....Tunis, 3,278 13,118 Tc Havre, per steamer Empress, 6,000 6,000 To Bremen, per steamer Hannover, 4,368....per bark Isabel Craggs, 2,635 7,003 Wilmington—To Liverpool, per bark Erna, 2,350 2,350 Norfolk—To Liverpool, per steamers Alsatia, 7,251 Ben- crop: Liverpool, Oct. 25, 1S82. years named. 5,497 Counsellor, 4,350 10.800 To Havre, per steamers Priuz Georg, To Barcelona, per steamers Anade 7,895..Provincia, 3,295 11,190 Sala, 4,200 CastilJia, 1,701 per barks Valparaiso, 1,000 Voladora, 1,290.. 8,191 To Genoa, per steamer Castillia, 2,402 bales in September. coming in during the last week at the rate of 500 to 2,000 cantars per day. Some lots contain more dead than last year, but generally speaking the quality so far is satisfactory, particularly Mansurat. Cotton from Zagazig is rather disappointing. All the leading firms agree that the plant has suffered from insufficient irrigation and by worms, and there is hardly any putting forward estimates of more than 2% million cantars as the result ofthis year’s crop.” Jute Butts, Bagging, &c.—There are no special features to note in the bagging market, and business shows no increase; orders continue to be for small lots only, as under present con¬ ditions buyers are not disposed to take more than required for present wants. Prices under the. competition of makers con¬ tinue to rule in buyers’ favor, and at the close the asking rates are 7/|c. for lbs., 7/£e. for 1% 1 bs., 8Mc. for 2 lbs. and 9%c. for standard grades, but an offer of a shade less for a quantity would probably be accepted. Butts are in about the same position as when we last wrote. Prices are about steady, with a moderate demand for small parcels, and holders are ask¬ ing 2 7-16@2 9-lGc. for paper grades and 2y£@2%c. for bag¬ ging qualities. ' Comparative Port Receipts and Daily Crop Movement.— A comparison of the port movement by weeks is not accurate as the weeks in different years do not end on the same day of the month. We have consequently added to our other standing tables a daily and monthly statement, that the reader may constantly have before him the data for seeing the exact relative movement for the 3,447 Antwerp, per steamer Vaderland, 765 Amsterdam, per steamer Surrey, 897 Genoa, per steamer Scotia, 1,274 New Orleans—To Liverpool, per steamers ber. Hence it appears that the total for the whole of Europe is 1,000 bales more than it was last month, or 132,000 bales in cotton has been 1,050 To September), and that the Continental consumption was 61,000 bales per week, against 60,000 bales reported for Septem¬ My Alexandria firm writes by mail dated Tolalbales. — for new same Liverpool, per steamers Abyssinia, 2,730 Adriatic, (additional) 119 Arcliimede, 1.774*...City of Berlin, 1,360...City of Richmond, 1,986...England. 2,625 Horrox, 1,839—Servia, 660—Virginian, 5,935. 19,037 To Havre, per steamers France, 600 Heimdal, 450 foregoing indicates that spinners* stocks are now 49,000 bales, against 222,000 bales a year ago. The cable also adds that the consumption of Great Britain was in October 71,000 bales per week (which is the same as given The Egyptian Crop.—Mr. Fritz Andres of the following respecting the Egyptian cotton the New York—To The October, against 131,000 years named. Shipping News.—The exports of cotton from the United States the past week, as per latest mail returns, have reached 16S,212 bales. So far as the Southern ports are concerned, these exports reported by telegraph, and published in 265,000 the Chronicle last Friday. With regard to New York, we 469,000 include the manifests of all vessels cleared up to Thursday 734,000 night of this week: For 1881. 25,000 336,000 551 • .... .... V v .... • mmm .... • 910* • • ...r 9i«* *16* m ...» m m m C3 2 V *2* V v—« ••• 932* 932* .... .... O H j • .... .... , 932* • • •• ®32* .... V • .... 38* V a a V .... .... • • • • a v V • • • • • .... .... THE CHRONICLE. 652 Liverpool.—By cable from Liverpool, we have Statement of the* week’s sales, stocks. &c., at that Bales of the week bales. Of which exporters took .... Of which speculators took.. 8ales American Actual export Forwarded Total stock -Estimated Of which American—Estim’d 62,000 6,100 10,000 703 530 31.500 5,000 33,500 7,400 8,500 448,000 161,000 61,000 52,000 860 41.000 4,900 5,500 Saturday Monday. 140,000 Tuesday. 6%g G916 Salos 8,000 1,000 Mia.Orl’ns Spec.&exp. 1.650 42,500 7.600 14,000 •161,000 191,000 80,000 76.000 68,000 260,000 172,000 63,000 284,000 197 000 Wedncs. Thursday. Friday. Firm. Easier. demand freely met f>:%6 63m 6%j OLj Fair inq. Mod. inq. Mod. inq. freely freely freely supplied. supplied. supplied Mid.Upl’ds 65,000 7,400 9,600 462,000 183,000 221,000 Mod. ? $ Market, 12:30 p.m 53,000 6,50! market for spots and futures each day of the the daily closing prioes of spot cotton, have The tone of the Liverpool week ending Nov. 10, and been as follows: Spot. 48 00. 449,000 150,000 61,000 38.500 228,000 1 10.000 Total import of the week Of which American Amount afloat Of which American Nov. 10. Nov. 3. Oct. 27. Oct. 20. the following port: Gia G3is 6°i0 10,000 1,000 12,000 2,000 12,000 12,000 2,000 2,000 Steady. Dull. Steady. 6«ig 10,000 1,000 6%a futures. Market, ') 12:30p.m. j { Market, 5 P. M. Flat. Steady. Barely Dull. Weak. Firm. Steady. steady. The actual sales of futures at Liverpool for the same week are given below. These sales are on the basis of Uplands, Low Middling clause, unless otherwise stated. Saturday. Nov Nov.-Dee.. Dec.-Jau... Apr.-May ...6464®%4 62(J4 6°t34 -2 ff54'® 3 34 . d. Delivery. d. Delivery. d. Delivery. 53904 5°9G4 5<;%34 Doc -Jan.. Jan.-Feb... .5<U64®«3G4 May-June. j Mar.-Apr.. .5<51fl4'®60,.4 ..6%34®,5(54 1 June-July. Jan.-Feb... 56164®60g4 June-July Feb.-Mar.. .5 ^04^'° ^4 July-Aug.. ..O^ ®P64 July-Aug.. . 6»fi4 . . Nov.-Dee 6 Mar.-Apr.. 6764 55964 .. Monday. 164 Dec.-Jan... 557G4 Nov Nov.-Dee 6 55864 June-July.. 5^04 Mar.-Apr.. Apr.-May May-June -'-.6304®-G4 June-July.. July-Aug.. ...6%;4®0 4 Jan.-Feb... Feb.-Mar... Mar.-Apr.. Nov Nov.-Doo 63e4 . Dec.-Jan Jan.-Feb.. Feb.-Mar.. . . May-June ®ohG4®Bi,64 June-July . 5°%54 5«ofi4 C164 . Mar.-Apr.. "25804 3> a (G4 Apr.-May.. .50-04 ®oaG4 June-July . May-June.. ... ..(>1(34 ^261 560G4 Nov.-Dee.. Dec.-Jau... 500fl4 @oiR4 Jan.-Feb... Feb.-Mar... . 5«3tf4 ®G364®6®50*164 Mar.-Apr... May-June.. G • June-July.. July-Aug.. -63G4 @^64 60G4 69g4 Wednesday. NO V 50304 G-* 34 ® 3G4® 264 Feb.-Mar Mar.-Anr 6^4 'S/^^04'S>6104 Jan.-Feb Mar.-Apr 50i64 6 May-June June-July July-Aug 6L14 6064 6s64 Nov.-Dec... 5®%4 ®6!264 Dec.-Jan ..5®304 Jan.-Feb Feb.-Mar 5®304@O2G4 Mar.-A pr 03g4 «■ 2C4 6ie4®6 '®D(.4-g)10(,4 56ic4 Jan.-Fcb Mar.-Apr April-May June-July 56364 Gig4 65«4 Nov Nov.-Dee 56364 55964 .-55904 Dec.-Jau Jan.-Feb Feb.-Mar. 559o4 .50ie4@60g4 50264 Mar.-Apr Apr.-May i G Cbu 50064 ® G164 6 50064 o(5064 50064 Nov .1 an .-Feb Nov Nov.-Dee Dec.-Jan Apr.-May 63g4 MayJmie.. ..67fi4'g>664 June-July.. '..69G4@8G4 July-Aug... Gi2g4 Nov.-Dee . May-June' 6%4 ^.G^ June-July Thursday. 56264 June-July 5^~64 July-Aug. 557c4 Nov 55764 ■S'D864®“'64 t Dec.-Jan 5'*Br4 Jan.-Feb Nov Nov.-Dee Dec.-Jan Jan.-Feb Feb.-Mar Mar.-Apr .c.5<50. Apr.-May May-June 4 Nov.-Dee.... ...5o864 u964 @ &8C4 ; July-Aug. | Jan.-Feb _....55"^ a. Jan.-I eb • Feb.-Mar.. « Nov 59, 537G4 I Feb -Mar 3iY.4a3"(U I July-Aug .501G4@go( 4 5C2G4 5®%;4® 6 Mar.-April Apr.-May GI04 May-June June-July <: .'.G-'ci - 1 B R Dec.-Jan ... Fob-Mar G264 May-Juuo 6-\4 6^4 G4u4 G"r4 June-July July-Aug 50:*e4®6 «6i64 | Feb.-Mar 563C4 1 Apr.-May 6^4 Friday. Nov.........5c-64^G3G4 j June-July Dec.-Jan common were and even the transactions then bushels—would not have been considered especially important during the height of the speculative fever some months ago. The foreign markets are in a more encouraging state, however, and the increased export move¬ ment here of late may perhaps be accepted as the precursor of the active foreign trade which has been so long deferred. To-day the market was irregular, opening %c. higher, but be¬ coming weaker later in the day ; No.' 2 red sold at $1 07%@ 1 07/6 for Nov., $1 09%@1 09% for Dec.,- $1 073^@1 07% seller’s option the year, $1 11%@1 11% for Jan. and $113% speculative trading took place, —some 2,200,000 February. has advanced four cents on the spot, owing to scarcity, while options have declined several cents. There has been a better demand for cash corn, and the fact that there has been very little available has given holders a decided advantage, though options, by reason of the increased movement of the crop during the last fortnight, have been depressed. The predictions of speculators that the receipts at Chicago during the first fort¬ night of this month would be small have not thus far been realized. The weather at the West, however, has for some days been less favorable than could be wished, and complaint is made at Chicago that the quality of the late receipts has not met expectations. To-day the market was %@2%c. higher, with only a small trade in cash corn, owing to its scarcity, though options were fairly active; No. 2 mixed sr»ldat84%@ 85c. for November, 76%c. for December, 76%@76%c seller the @1 13% for 557G4 557G4 Dec-Jan Jau.-Feb oB864 53864 56364 -GL-i Apr-May May-June June-July 55964 6 65%@65%e. for January and 64c. for February. quiet at some decline. Barley has been de-. pressed. Oats have declined slightly on the spot and have fallen several cents for options, while there has, in each case, been a fair business. To-day the market was fairly aetive at some re¬ covery from the late decline ; No. 2 mixed sold at 43@43%c. for year, Rye has been December and 43%@44c. for January. The following are closing quotations: FLOUR. G364 No. 2 spring...$ No. 2 winter ...1 bbl. $2 40® 3 00® 3 15® Superfine Spring wheat extras.. 4 10® 5 25® 5 50® 5 00® do bakers’, Wis. & Minn, rye mix. Minn, clear and stra’t Winter sliipp’g extras. 3 90® 6 00® 5 50® Patents, spring Patents, winter I May-June.., Nov.-Dee 4 I G7g4 I Jan.-Feb Feb.-Mar 5o9G4 |I Nov G >ee.-J:m 5«ln i I1 1Feb.-Mat1? , 1 Mar.-Apr 'n°e 1 5^9G4-@60G.j oO-Vi Mar.-Apr G 0i64 6%4 56og4 560G4®6i(;4 563G4 GL-,4 5<>iG4,®goG4 5’Vi GCi4 Apr-May May-June June-July..." 6%4 6^4 G7G4 M., November 10, 1882. quiet for the better grades, Corn meal- Westem, &c Brandywine, &o.... Buckw’t flour.lOOlbs. which have 5 60 7 00 5 25 3 90 4 15® 4 25 4 30® 4 50 3 30® 3 6d Rye—Car lots Wheat— Spring.per bush. Spring No. 2 ® .... ®1 09 ®1 13 .... 87 Red winter Red winter, No. 2 Boat loads Oats— .... ®109i4 ®1 10 1 08q®l 08^8 80% ® 89 107 76 White.... White No. 1 Corn—West, mixed West. mix. No. 2. 91 87 92 85 White Yellow Buckwheat ® 40 42 40 Canada No. 1.... Canada bright... Canada No. 2— State, 4-rowed... State, 2-rowed... York Produce Exchange Receipts of flour and grain at Western for the week ending Nov. 4, 18S2 : Flour, Wheat, Corn, At— (19G tbs.) Chicago 96,422 .... Milwaukee Toledo Detroit (56 lbs.) (60 lbs.) 945,235 1,057,547 100.GG8 29,312 218,447 414,145 3,922 294.378 1,428 51.191 Cleveland St. Lour: Peom 1,7L)0 bush. bush. 15.750 154,833 16,678 1,500 41,500 28,480 180,-100 1 597.157 9,6 SO 43 ® i> @ 53% 42% 46% t> 93 42^3) Barley— 921s @ -88 93 ® 87 ® (From the “ New Mixed White No. 2 mixed No. 2 white @1 02 Weekly.”) lake and river Oats, 90 ® ® ® Barley, bush. bush. (32 lbs.) (48 lbs.) 95 83 p >r: s Rye, bush. (56 lbs. 280,537 116,901 13,750 66,800 209,147 107,091 5,281 3,890 !87 87.376 16,513 7,000. 2,751 10*241 3 50,633 114.922 680,764 157',225 I6.20U 15,500 Duiutn Total.. Same time . 2.34,79 9 2,520,842 ’81. 178,364 1,-55 5,188 1881-82. Flour bbls. Wheat Corn Oats bush. 1,257,389 645,401 6,957,990 1879-80. 1880-81. 7,003,930 178,309 484,19 3 93,301 to Nov. 4f 738,594 1,8 74,103 7 1 7,918 from Dec. 26, 1881, Total receipts at same ports 18S2, inclusive, for four years : EADSTUFFS. Friday, P. City shipping extras. $5 25® Southern bakers' and family brands 5 75® South’n sLip’g extras. 4 50® Rye flour, superfine.. 3 60® 3 25 3 GO 3 85 5 00 G 25 G 00 7 00 4 40 8 50 7 25 GRAIN. bbls. Apr.-May Flour has been very corn ...5026464 - . .. 6364 @2(34 .. Nov 55yH4 539G4 559ti4 Feb.-Mar... ...501fl4 ®6O04 ®61g4 ..63g4®4< 4 6d04®7G4 . July-Aug.. 6 Nov Nov Nov.-Dee... Dec.-Jau... Jan.-Fcb... Mar.-Apr... 56164®62g4 . 563», Jan.-Feb... Nov 6%U Nov.-Dee... 560(34 Dec.-Jan... 559(34 ®60g4 Feb.-Mar.. .500G4®6i64 ...5^,4 3 6 Dec.-Jan... 5^%:4 a &Sr;4 Jau.-Feb... .53V,4 <2 oH(34 Feb.-Mar... 55PC43By64 May-Jurie Jan.-Feb... Tuesday. <r- Apr.-May.. 62rt4 55G„4 June-July. Apr.-May July-Aug.. Nov 5«V,i Nov Nov.-Dec... grades of winter alone selling at all freely. Prices steady for these, and barely so for the other descriptions. Wheat has latterly been in good damand for export, and though in the fore part of the week there was a steady de¬ cline there has been a recovery of confidence with increasing activity, and prices have advanced to about the figures of a week ago. The supply has been gradually increasing at Chi¬ cago of late, however, and speculators on the bull side have shown considerable caution, though operators on the opposite tack have been equally cautious about taking large risks. The result has been that until yesterday comparatively little the Indian Flat. $ Dull. [Vol. XXXV 1878-79. 5,534,605 5,803,280 72,211,512 "88.379,511 _ 40,355,825 63,323,297 119,614.332 137,715,596 66,770.937 31,957,448 36,840,397 39,870,141 7,620.314 8.189,353 9.476,255 3,316,400 3,222,321 86,126,223 27,964,384 8.317,12? 4 329,64o accordingly been, to a great extent, nominal in value. The grades of winter wdieat brands below $5, liowrever, have latterly Barley 2,815,797 been in good demand for export, and, as a rule, not being plen¬ Rye 215,116,892 Total grain 182,286,727 217,222,273 255,881,270 ports from tiful, have been quite firm in most instances. There is a large Comparative receipts (crop movement) at same _ supply both of spring and winter, with the exception of the July 31, 1882, to Nov. 4, 1SS2, as lowei grades of the latter, and the tone of the market is unsat¬ vioas three years *. .. isfactory to holders. To-day the market was generally quiet, .... compared] with the V™'* 1 1882.J NiJtEMCER 11. 1881. 1880. .bbla. 2,683,398 2,547,835 2,265,243 2,058,341 ....bush. 37.978.643 1,632,093 19.932,402 49.711,268 11.336,783 4.193,065 2,222,934 39.261,788 47,064.348 16,930,036 5,014.578 1,954,046 48,385,636 30.267,006 10,902,317 5,877.392 79,669,905 86,451,452 110,224,79^ 97,849.455 Jylta 17,579.861 " 17,820.556 Rye Total ffrain... 1879. Flour... - Wheat... Corn Cats 1891-82. 1880-91. ..bhls. 6,932,103 7,593.853 bush. 48.159.351 53.316,675 141,800,311 181.G01.2o0 215.831.238 • Total train .... Rail shipments weeks ended: Flour Barley Rye from Western lake Week Flour, ending— oots. Nov. 4. ..276.603 Oct. 23...292.306 Oct. 21...258.M5 Oct. 14...261,330 155,526 155,146 133,116 604,288 271,101 1,002,152 3*9,755 523 906 499,300 135,66 % 82.104 3 43.421 345,023 9v;9,661 78,84 4 69,019 291,918 53.927 2.030.92 5 1,271,215 1.255.164 Tot., 4 vy. 1.088.75 4 iw’ka 81..773,261 Corn, bush. 1,298.226 1,365,6 05 1.28 1,100 1.9 10,06 L p ►res 188<X Week Barley. Bye. bush. 859.789 890.573 DM,142 729.598 7*90.29 1 1,107.006 731.839 Boston Portland Montreal 81,609 1,100 21,305 28,393 27,951 , Philadelphia... Baltimore New Orleans.. Wheal, ills. bush. 152.714 1,409.900 . , , 23,839 . 76,500 242,437 146,750 430,500 211,390 Corn, 264.897 98.351 262.533 135,720 298,553 75.971 153,384 86,575 4,200 49,300 21,800 17,450 431.780 401,814 434,831 326,899 Exports from United States seaboard ports for Nov. 4,1882: Wheat, Com, 34,263 110,579 1,382 250 199,124 250 491 26,411 9,222 2,050 1,000 2,955 bush. 80.721 bush. 4,363 ending 1.146 205.226 80,258 7,816 88,035 5 3 Total for w’k 191,546 Same time ’81. 88,812 1,537.93 4 883,454 82.3 >8 773,933 5,107 Pea*, bush. bush. 46,956 10,717 Importations H P In store at— New York Do. afloat (est.) Albany Buffalo Chicago Corn, bush. Duluth Toledo.; Detroit Oswego 650.000 10,600 913,391 24,000 .548,774 Boston Toronto Montreal Philadelphia Peoria Indianapolis Kansas City . ^..... Down Mississippi. On rail On lake On canal 115,709 112,219 257,259 2,176,834 Tot. Nov. 4,’82.17,742,853 Tot. Oct. 28, Tot. Oct. 21, *82.16,07s,303 ’82.14,925,811 Tot. Oct. 14, '82.14,498,914 Tot. Oct. 7, ’82.13,9 16.219 Tot. Nov. 5, ’81.21,155,954 919,301 7,728 182.759 12,200 43,230 71,044 16.000 41,136 3,734 1,866 636,129 1,096,657 45,174 757.117 767,513 77.500 88,121 6,624 176.526 2.696 213.600 343,954 42,000 11,500 25,835 79,095 6,215 135.000 98.645 134,000 Bt. Louis Oats, bush. bush. 285,814 1 ,918.451 4,290,412 3,367,770 202,979 030,000 654,434 255,005 Milwaukee Baltimore Wheat, 1,520.190 57,758 ‘ 4,246 88,790 85.061 2,000 80,877 11,824 Barley, 2 21,380 120,158 61,000 109,000 265,939 156,458 164,940 56.000 5,000 2,973 595.000 167,965 10,627 50 215.483 12,216 229 3t 9 17,089 - n >u MO* WIO M © Ot to© tO tO © m <| O' © © CO IO © © © MX M X X © 60 O© CO© CO o> to X © 16.609 c • 0 ’ o ■ o . o • 0: oc • au; '3i CO §12 Cl CO Mtc to Cl C0 CO >-* CO O' to © © to rf-O <- IM 41,670 §p pt r 5 ° “ rt . -I*-! M © M tt*©X-l© O' CD U- CO © © © ©0-1 25,000 00 CO ©© CO © to tf* Cl -* O' ■-* OOlO*»-IM to to M OiwVlODM CO ©CD M —Otto to CO © O' O' -l-l ©©-Jtfc -I © to-co © X -1 © ot X — <1 © © CO OJ 01 to-ieeos w Cl Ot © M CO © CO -I CO OC to MM HO. IHOCIOW to «-• <1© M Cl t-*M ©to CO W <1 to CO 1—* MUI to*- © to C Ot <100 MM ©O'©© *© © to to CO M c o -J CD CO CO CC 01 to O' C O' © to M 28,315 501 17,837 1,783 ? $ Mfr M 1— — 906 .... _ _ CD . 92.491 20,500 ©co 3 ■ Ci"*-1 ©Ot h-tQ M go S' s fT 'Q X M © M Ci © ©-J o© C a. 5: 0D8 X © -J OT -I lU © CO O'COM—oo «-4 ? ■ m Qo to -4 mm, et + m . m m xto I Co <rt> 1 00 © CO to © j © © M —* M to O' tr- CO © c-u-tco-j Tf-i©-i © -1 © x © fr- ci I O.Cl-ltOM ■vJOl 78,777 132,050 107,200 2/78©S61 tail MCI to 00 <1 ©c.if'!< I 590.575 I,372i6l9 CO © O" M w © to cc © © — -1 lO > O'l M © CJt © r r <t tocn M X CJt CJ'CO © M © <1 V’ © Ot to X © © to * l B © tOX-J © © <1 © fCO © X © M M © © X to X © CO I © X© CC ^4 -I M © •-I r-> r— <—1 * I O' M CJ'CO c>: to m ^ © M -I MO © © X to M otto ©to <-‘-110 M M © toco M M ot© ©M ©- lOi© X V 4- CO M 1 0 ^ o X to HU X © X f* -I X © ^ 00 CO CO © ©to © >-* © ©to tt-M :o;o oito<i © -I X © O ' IO 6.© ‘‘ l © . ot "-‘-iVjV.x X © M © X © O' <1 X M r ] -t *0 ^ A -1-1 X X o © c't H- ^6 :n 5-^ n-X to ^ to o -t ' 10 . ♦ ;l to X^j M 00 T — CO O' X -*• >■ Su COM p *M <1 <1 © © © X © © O' © © © X —* 2 el • r* r to ot <-< ►- o to CO © i:'i<b';’! x to to O vC rr+ t © [OJ^j X <~ © to © © -v 5 © © 0* -1 <1 - M X X to r-r Cv o H- H- © —» "vj M © © X to to © <-* CJ1 - 1 OJ u- © OJ © to © © C0-I-4C7.X M X O' o. to © M Cr-1 to5ootw<i <-* o: to to xto wop M © © M ©X X C3 M ot to -1 ot ©co —-lb' O' to © © M •v? ^0 <0* <— ** vj r .; ' — — r -J © OC © —* o © M <-• © X 10 © &5 X '1 Ot © if- to • M >-• © © © MHC © M © CC m X X © • J! © to X -0 “4 COM ©X © © - 1 — ' 1 lO Ml -© ©. b'O’irf^'x © CO<-*Ot© to © © O' — © to -J © © / cc © © o*> to © ’Z'm X / © Jl H-< r* Xto M m M©X to© to- *—• © I - © M 5* ©to X on o _ — X 0 p CC X © *0 K to M M © X J X< * ©^ COM tO£“ ©to "c M© - . 813,719 844,143 and winter i O CO CO t ’J M 10 >—* >—* J © © X © - w © to t— <— 236,464 80,795 450,000 rr r to Cl cc too ** co-i-i co to^i CO m 7^1 ■ X ©CO ©*© 12,585 mm'm generally expected, the dry goods trade was the early very quiet in part of the past week, owing to the elections. Since t en some improvement has been developed in the jobbing ranches of the trade, more seasonable weather having enabled ^tuners to p.ace © ® fc ■ COM HHH O' M M <1 Ot to fO cn — to Friday, P. M., November 10, 1882. coaoiddabie quantities of CO 249,788 _ 3,837.443 4.313.500 2,068.133 4,491.938 4,659.788 1,654,865 5.676.554 5,067.04 2 1,213,038 4,’170,585 0 ; p : 1 5; <1^1 J^-© 4,003.361 4,175.772 2.572,329 1,084,018 3,669,1 45 4,186,410 2.139,919 948,793 24,958,991 Ml • • 44,500 37,348 the dry goods trade. As 0 ' 0 ©. p. E: 27,570 815,933 195,236 • pr - 19,230 - ~ o; Q CD * 5 0 £ SToSc 2 S 5 p ® r c 0 , 0 Rye, bush. p £• 'n ® o < h S Sr o as bush. 14,075 200,177 92,500 was ft S 46,956 80.423 72,462 148,984 water, Nov. 4, 1882, Dry Goods. importations of dry goods at this port for the ending Nov. 9, 1882, and since January 1, and the same week facts for the corresponding periods of 1881, are as follows: 69,706 37,356 of The The visible supply of grain, comprising the stocks in at the granary principal points of accumulation at lake and seaboard ports, and in transit by rail and follows: so were and only a moderate business was effected by jobbers. hands, Silks ruled quiet, but small parcels of plushes and velvets were in request. Dress goods were inactive, and linen and white steady gooefs lacked animation. Laces, handkerchiefs and fancy holiday goods were severally distributed in moderate quantities. 61,861 60,822 Rye, bush. 854.7 L2 Philadelphia.. week Oats, bbls. 112,638 50 900 49,905 . Flour, 24.956 43,544 27,000 4,250 39,411 quiet with satinets, but a moderate trade in iliese fab¬ rics was done by jobbers. White, scarlet and blue flannels were taken in small parcels to a fair amount, and agents continued to make liberal deliveries of dress flannels, suitings and sack¬ ings on account of back orders. B'ankets were in light demand, aside from the better grades, for which there was some inquiry. Worsted dress goods, shawls and skirts were slow of sale, as were carpets, knit underwear and hosiery. Foreign Dry Goods have been dull in importers’ busA. 2,000 964 agents, and Rye, bush. 215,250 321,300 120,200 10,000 buyers having clothing woolens have been pretty well cleaned up, and desirable makes are fairly steady in price. Spring cassimeres, suitings and worsteds are sold ahead in nearly all the most popular makes, but indifferent.styles are in some stock. Kentucky jeans and doeskins have been week Barley, bush. . Baltimore New Orleans.. ness was 317,759 191,777 Oats, bush. Total week.. 337,113 2,569.527 332,709 Oor. week’81.. 279.450 1,433,370 1.653,512 From— New York Boston Portland Montreal restricted in volume, comparatively few appeared in the market. Heavy bash. 5.987,992 4. 369,25 I 3,156 072 1.142.712 501.819 3,129.579 10, 011,8 >7 2.299,535 753.548 316.862 Flour, , Domestic Woolen Goods.—There was a fair movement in men’s-wear woolens, in execution of back orders, but new busi¬ for last four weeks: Oats, bush. 1,510.79 7 nor converters “near futures” and 3j|@3 5-16 for 56x60s. Prints continued dull and unsettled and there was a very light call for ginghams and cotton dress goods. 315,975 Receipts of flour and grain at seaboard ports for the At- jobbers 1879. ended iNov. 4: New York seemingly gauged by actual requirement—neither having shown any disposition to antici¬ pate future wants—and transactions were light in the aggregate. The best makes of plain and colored cottons are unchanged in price and mostly steady, because of the moderate y-ipply, but outside brands are less firm and plentiful enough. Print cloths ruled quiet and steady at 3Yq@3 ll-16c. for 64x0s “spots” and was and river ports for the .bush. bush. 520 to Argentine Republic, 240 to Hayti, 137 to to Chili, 104 to Sandwich Islands, 103 to British West Indies, 65 to Santo &c. The Domingo, demand at first hands 180.038 «30 Week Nov. 8. Wheat, Britain, 4,791.953 Nov. 6. 2.211.837 of satisfactorily. Hamburg, 113 3.843,578 179,020 shipments from sam-; of Domesmic Cotton Goods.—The exports of cotton goods for the were 3,587 packages, including 1,275 to China, 578 to Great 19,826,860 ..bbla. Total..., the sales resulted 78,650,486 1891. Week Nov. 5. 479.375 815,933 236.464 78.777 rooms were poorly attended—none having been of special importance—and few 72,975.753 1882. Week Noe. 4. ....... Rlit and lake 64.157,477 3.745,907 1,993,755 ... auction week 117,727,410 27,397,083 3,441.817 2,660.381 on present. The the offerings 1878-79 6,302 254 4,517,666 44.567.159 100,363,557 30.930,872 31,659.935 3.991.794 2.703.5S9 made ^ 1879-80. r transacted by importers. Prices change, but the market cannot • strong, and it is probable that concessions would be certain fabrics if buyers were less apathetic than at have not uudergons any material be reported JZVt ITr Dee. 20, 1881. to Mov. 553 goods in the channels of consumption. The demand for dom¬ estic cotton and woolen goods at first hands con'inued light and a very limited business was 2,417,104 Comparative shipments of flour and er»in f™™ Barley Bye CHRONICLE. 1882. Flour Wheat THE - •. r -1 <-* © © © >—' — -• -1 O'. c' ► s re» V, <© o a1 m3 ? X X M >• M X V * © , THE CHRONICLE. 554 [Vol. XXXV. Insurance. Commercial Cards Financial. Henry Bros. & Warfield, BROKERS OFFICE OF THE IN STOCKS AND BONDS, UNLISTED SE¬ CURITIES AND MINING STOCKS, 52 BROADWAY. Douglas Henry. Charles Setcn Henry. member N.Y. Stock Ex. Vn'sber N. Y. Min. Stock ExDaniel 'WARFIELD. Dan T almage’s Sons 8c Co AND COMMISSION John S. J ames & Co., Commission Stock No. BROAD 10 STREBT, NEW NEW 10, 12 & 14 East Bay, Charleston, 108 Bay Street, Savannah, Stocks, Bonds, Ac., bought and sold for cash or on Farmer, Solicitor and Attorney. Pr&riioea in the District Circuit and Supreme Coarts of the United States aiid of the State, in all classes of cases. Has no other business, and de¬ votes his personal attention vnd all his time exclu¬ sively to his profession. Refers to Bank of Monroe. Joy, Lincoln 8c Motley, MUDGE, SAYVYER & CO., 43 A 45 White Street, 15 Chauncey Street NEW YORK, BOSTON Ocean Mills John B. Manning, G Wall No. AND SOUTHERN A EUerton New SECURITIES New York, Barrett, IS6 Middle BLEACHED SHIRTINGS AND SHEETINGS, AND PRINTS, DENIMS, TICKS, DUCKS, &c. BROKERS, Towels, Quilts, White Goods and Hosiery Street, PORTLAND, Boston, Philadelphia, SELLING AGENTS FOR LEADING BRANDS BROWN AND White Mig. Co., Bliss, Fabyan 8c Co., State, Municipal and Railway Bonds and Coupons bought and sold at best market rates. Investors oi dealers wishing to buy or sell are invited to communlcata wllli ub. Member of the New York Stock Exchange. BANKERS Clilcopee Mlg. Co., Mills, Saratoga Victory Mig. Co., Hosiery and Yarn Mills. York City, SPECIALTY. Swan & Co., Atlantic Cotton Mills, Peabody Mills. BROKER. Street, New Drills, Sheetings, dc., tor Export Trade. MAINE. Dealers In Government, State, County, City and Rail rr ad Bonds, Bunk Stocky, &c. Desirable Investment Securities constantly on Brinckerhoff, Turner band. 8c George Eustis 8c Co., Manufacturers and Dealers in COTTON CANVAS, FELTING DUCK, CAR COVERING, BAGGING. RAVENS DUCK, SAIL TWINES, &C., “ ONTARIO ” SEAMLESS BAGS, “AWNING STRIPES.” CINCINNATI, OHIO. Sons, Also, Agents BANKERS, And Dealers in Governments, Stocks and Investment Securities, Opposite Second St 32 SOUTH STREET, UNITED A 'Hare Western Union wires in their offices, by of which immediate communication can be had with nil commercial points in the country. Es¬ incarw BUNTING No. 109 Duane Columbia Street. Bicycles. lawyers, ministers, editors, iner* hunts, &c., Ac. Send 3-cent stamp for elegantly illustrated SG-puge catalogue to cited. The Pope 042 SPECULATION ANJ> INVESTMENT IN STOCKS AND SHARES a nmisitm EXPLANATORY ruiiid post free upon BOOK, just application. published, gratis realised, and the possibility of losses reduced to • Minimum. OPINIONS OP THE PRESS. Civil Sert'ice Gazette—'The system rccommendc January, 1881, to 31st Decem¬ ber, 1881 $4,110,176 72 Losses paid during the same period. Returns of Premiums and Ex¬ $024,227 02 penses* The Company has the following Assets, via.: United States and State of New York Stock, City, other Stocks Herring’s Safes. TI1E IN CHAMPION RECORD ALL GREAT FIRES. STATIONERS AND ceivable 1,631,294 23 Cash in Bank 347,765 99 $13,165,466 40 SIX PER CENT INTEREST the outstand- or their legal representatives, on and Tuesday, the Seventh of February noxt. thereof, TIIE CERTIFICATES of OUTSTANDING the issue of 1877 will be redeemed and paid to thereof, or their legal representa¬ tives, on and after Tuesday, the Seventh of Feb¬ ruary next, from which date all interest thereon the holders will cease. A produced at canceled. The certificates to bo tbe time of payment and OF FORTY PER CENT DIVIDEND on the net earned premiums of tbe Company, for the year ending 31st December, 1831, for which certificates will be issued on ind after Tuesday, the Second of May next By order of the Board, H. J. CHAPMAN, Secretary T R U S T E E S:3 J. D. Jones, Horace Gray, Charles Dennis, W. H. H. Moore, Edmund W. Corlies, Lewis Curtis, Charles H. Russell, Adolph Lemoyne John Elliott, William E. Dodge, Royal Phelps, Youngs, C. A. Hand, John D. Hewlett, Cole, J. D. JONES, STREET. SQUARE.) HERRING 251 & 252 & CO., Broadway, New York, W. H. H. A. A. Degroot, Henry Collins, JohnL. Riker. President. CHARLES DENNIS, or¬ Marshall, George W. Lane, Edwin D. Morgan, Robert L. Stuart, James G. De Forest, Samuel Willotts, Charles D. Levericb, William Bryce, William H. Fogg, Thomas B. Coddington, Horace K. Thurber, William William H. Webb, Charles P. Burdett, PRINTERS. Bobt. B. Mintura, Charles H. Josiah O. Low 1SS5. XXT New concerns organizing will have their ders promptly executed. (JIANOVER on eertificates of profits will be paid to the holders Benjamin H. Field, CO., Stationery. WILLIAM 491,148 18 Notes and Bills Re¬ Wm. Sturgis, Supply Banks, Bankers, Stock Brokers and Corpo¬ rations with complete outfits of Account Books ana So. 1 1,729,500 00 Company, estimated at. Premium Thomas F. & and Real Estate and Claims due the Gordon W. Burnham, A. A. Raven, This system com London E.O., England. Sears $8,965,758 00 Loans secured by Stocks otherwise James Low, David Lane, SWORN BROKERS, No. 7 DRAPERS GARDENS ESTABLISHED Bank and St„ Near Third Aye sneads itself i\s being a very safe one.” News ot th VForld—" This book is well worth reading. One can ootdo better than retuln their services.” & 80 New York Riding School, 214 E. 34th easy to comprehen John Hull—'An easy and apparently saf system, of worthy public confidence.” Court Joitmal■** An excellent way of speculating, ably set forth GUTTERIDGE $1,775,882 Mfg. Co., Uy Messrs. Guttertdge & Col, is W. 57 Washington St., Boston, Mass uad safe.” Civilian—"An .'nforesting book. $5,627,021 .... risk. OPERATORS IN STOCK EXCHANGE SECURI¬ TIES should test this -system, by which large profits are 10 Premiums marked off from 1st declared Thousands in daily use by doctors, pecial attention given to purchase and sale of Viri4,isra Consols, Ten-forties, Deferred ancl all issues <of the State, and to all classes of Southern State, •City and Railway Securities. Correspondence so- with COMPANY. full.snpply, all Widths and Colors, always In stock. , MD,, STATES $4,039,487 1,587,534 47 Total Marine Premiums And all kinds of : December, 1881 : off 1st January, 1881 after BALTIMORE, the 31st Amount. o K K R s Win, Fisher 6c on Premiums Co., COTTON SAILDUCK b of its affairs SUCCESSORS TO E. R. AGENTS FOR BANKER YORK, January 25, 1882. The Trustees, in conformity to the Charter of the Company, submit the following on Marine Risks from 1st January, 1881, to 31st De¬ cember, 1881 Premiums on Policies not marked MONROE, LOUISIANA. Counselor, Co., Statement 41 & 13 North Peters St., N. Orleans. margin. W. W. Mutual Insurance 96 Wall Street, New York, YORK. Warren T. James. John s. James, Member N. Y. Stock Exch. MERCHANTS IN R I C E, Brokers, ATLANTIC FACTORS, MILLERS, Vice-President MOORE, 2d Vice-Presidect. RAVEN, 3d Vice-President