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ontnttrfl
HUNT’S
MERCHANTS’
MAGAZINE,
representing the industrial and commercial interests op the UNITED STATES.
(Entered, aeeording to act of Conferees, in the year 1881, by Wm. P. Dana & Co., in the office of the Librarian of Congress, Waehington, D. C.]
SATURDAY, NOVEMBER 12, 1881.
VOL. 33.
millions uncalled extended bonds on each
CONTENTS.
THE
New York Local Securities.... 523
Railroad Earnings
520
THE
GAZETTE.
Quotations of Stooks and Bonds 522
Money Market, Foreign Ex¬
change, U.S. SeenrithM, State
and Railroad Bonds and
Stooks
519
News
BANKERS’
Range in Prices at the N.
Jtook Exohange
517
Commercial and Miscellaneous
Boyal and Imperial Meetings. 515
THE
516
Commercial
and
English News
Monetary
Y.
52 i
and Bank
524
Returns
Investments, and
and
State, City
Corporation Finances... 525
COMMERCIAL TIMES.
536
529 I Breadstults
529 I Dry Goods
Dommercial Epitome
Cotton
537
The (LhxonitU.
The Commercial and Financial Chronicle is issued every Satur¬
day morning, with the latest news up to midnight of Friday.
'{Entered at the Post Office at New York, N. Y., as second-class
mail
matter.]
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Transient advertisements
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liberal discount is made.
Special Notioea in Banking and Financial
column 60 cents per line, each
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The office of the Chronicle in London is at No. 74 Old Broad. Street*
Liverpool, at No. 5 Brown’s Buildings, where subscriptions and
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-and lu
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supplied at Is. each,
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JOHN Q. FLOYD.
S
WILLIAM B. DANA fc OO., Publishers,
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Post Office Box 958.
A neat tile
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the Commercial
can
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Financial Chbonicle—July, 1865, to date-
is furnished at 50 oents;
Volumes bound for subscribers at
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be obtained at the office.
THE FINANCIAL SITUATION.
There is at present an
855.
Wednesday of this
anticipated, but a trifling offer¬
ing. These bonds are, in the present state of the money
market, too desirable as collateral for time loans to be
converted into cash at the Treasury price.
It is inti¬
month, brought out, as was
CHRONICLE.
511 Brokers’ Commissions
Financial Situation
Railroad Earnings in October,
and from January 1 to Oc¬
tober 31
513
flhe
NO
continues, terms will be
named which will command the bonds, and if that proves
mated that if this condition
Secretary will keep his balance down and thus the
Government, as it should be, will be eliminated as an in¬
fluence affecting the money market.
We hope the new
Secretary will be prepared, when Congress meets, for some
true the
plan for managing hereafter the dis¬
Treasury Department. What the commer¬
cial interests need is, certainty and knowledge with regard
to the Government movements of currency.
It may have
been necessary in the past to leave to the discretion of the
Secretary the amount of his holdings, but there is no such
necessity now. The reserve [needed is known, and the
amount required for current disbursements is also known ;
beyond those items, the law should direct the immediate use
of all surplus revenues in the purchase of bonds.
It is
extremely unwise longer to leave our money market in
the power of any official, however wise and honest he
may be.
It may be interesting in this connection to recall how
the Treasury stood on the first of the present month.
Compared with a year ago some marked differences are
observable.
The gold coin and bullion held this Novem¬
ber was $172,989,829, against only $140,725,953 held
Nov. 1, 1880.
But there are $66,327,670 silver certifi¬
cates outstanding, against only $27,113,960, an increase
of $39,213,710.
The amount of silver of all kinds, frac¬
tional included, has increased but 18 millions, or front
$77,757,316 to $95,985,640, so that 21 millions of the
increased certificates may have gone out in exchange for
gold, in accordance with the practice of the department in
vogue until about the close of last month.
Granting this,
there would still be 11^ millions of gold unaccounted
for.
But the lawful money held is also further augmented
by the increased holding of bank and legal tender notes.
These latter were Nov. 1, $31,021,315, against $26,616,216
effective and definite
bursements of the
abundant supply of loanable
funds, and if Government accumulations do not increase,
there seems no reason to anticipate any change in this a year ago, making, with the 11^ millions increased hold¬
condition, for a time at least. Customs and internal ings of gold to be accounted for, 15-J millions, to which
millions for the smaller amount
revenue receipts are however heavy and unless something should be also added
is
done, more than has yet been announced, to let currency of gold certificates outstanding, giving altogether 171out of the
Treasury, a possibility of a speedy disturbance millions. There is also an increase of about one million
must be
acknowledged. But it is believed that Mr. Folger, in the deposits held by the National bank depositories, but
'the new Secretary, who enters on the discharge of his this may be regarded as being in the market, and besides
duties next Monday, will meet the emergency by more it is balanced by other items. The explanation for
these increased holdings of
17£ millions is to be
effectual arrangements for bond purchases,
The Treasury order directing the redemption of two found, in the first place, in the fact that the u Fund for
i
THE CHRONICLE.
512
redemption of national banks failed, in liquidation,
and reducing circulation” is now $30,311,222, against
only $20,349,802 a year ago. Our readers will remember
that last March, when the refunding bill, afterward vetoed
by President Hayes, was passed by Congress, the banks,
fearing that the bill would become a law, and that under
its operation they would be forced to keep their circulation
out at a loss, hastened to give notice of their desire to
withdraw it and deposited funds for its redemption. When
the danger which threatened was averted, they look out
new circulation, and the redemption fund is now gradu¬
ally contracting in size, having diminished over threequarters of a million during October. In the second
place, there' is now held against called bonds the
sum
of $11,241,826, while last year the amount was
$5,550,742, or about
millions smaller. Finally, checks
and drafts outstanding aggregate $6,595,720 this year,
.against $ 4,199,882 last year, an increase of over
mil-'
lions.
These three items thus give us an increase of about
18 millions, and show how thd Treasury’s present enlarged
holdings have been acquired.
Other than the Treasury influence, the present tendency
is, as we have stated, towards an increase in our bank
reserves.
Since the collapse of the speculations in domes¬
tic products, domestic exchanges at all points except in
the
_
.
the
South have turned in favor of this centre.
This first
stopped the outflow of funds to the West, and now at St.
Chicago the ruling rates admit of a return
movement.
Still, at the moment the South, and New
Orleans especially, is making urgent demands for cur¬
rency, which for the time being tends to turn the current,
even .from distant points, in the latter direction.
As soon,
however, as the requirements for cotton are satisfied, this
drain will of course cease, and then the accumulations in
reserves here are likely to be more rapid, unless the large
Louis and
issues of silver certificates force certificates back
of
instead
gold and legal tenders.
These certificates
export movement has begun again and our imports keep
comparatively moderate figures, it is only
to anticipate an early resumption of
the
this side. The rates of
shipments of gold
to
exchange
do not admit of this at present, but
the existing rates cannot, it is anticipated, be long main¬
tained, at least unless there is a further rise in the Bank of
England rate which shall force securities back on us.
England is looking for a supply of gold from Australia,
and £430,000 is reported as on the way to London from
that point, to arrive about the middle of December.
But
the Bank of England is even now losing bullion, and at
the present rate its reserve will be greatly reduced before
the arrival of this consignment. The Bank return for this
week shows a loss of £133,000, which brings the amount
of bullion down to the lowest point of the year.
There is
an increase in
the proportion of reserve to liabilities of
1 1-16 per cent compared with last week.It is possi¬
reduction reported in the bullion is
ble that the
mainly due to
domestic demands, although the
Bank of France reports a gain of 10,675,000 francs
gold, and a loss of 2,525,000 francs silver, and the rate of
exchange at Paris on London has been against the latter
all the week.
If the Bank of England is meeting a Con¬
tinental and a domestic demand at the same time, as is likely
from present indications, the situation may become embar¬
rassing, especially if America should also commence to
take gold from the Bank. The following shows the amount
of bullion in each of the principal European banks this
week and at the corresponding date last year.'
down
to
reasonable
*.
,
Nov.
even
now
while silver certificates cannot be.
When the latter
10, 1881.
Gold.
&
Total
1880.
Silver.
Gold.
Silver.
£
&
&
26,592,066
24,887,856 47,378,704 22,258,755 49,884,912
6,406,862 19,220,587 9.009,000 18,018,000
Bank of France
Bank of
*
Nov. 11,
20,727,161
England
Bank of
Germany
Total this week
making it difficult to
measure- the
flow of currency to and from our banks.
Gold and legal tenders are of course counted in the reserve,
are
[Vol. xxxin.
previous week
52,021,882 66,599,381 57,859,821 67,902,912'
51,434,447 65,839,385 59,079,987 67,835,516
gold and silver division of the stock of coin of the
Germany is merely popular estimate, as the Bank itself gives
information on that point.
The above
Bank of
no
were
At this date in 1879 the Bank of England held 29
Treasury in lieu of gold, the coin drain
from the banks could be traced in our weekly reports; million pounds gold, now it has nine million pounds less;
but their return now is a different problem.
For certifi¬ then France and Germany were in a condition to respond
on England.
cates may come back from some interior points in excess to our calls, now they too are drawing
This
of the amount sent away the same week, and yet as they
present drain also is in the face of a 5 per cent rate.
It
would
seem as if that rate had about exhausted its
are kept as a special fund, the net influx may not appear
in our weekly tables.
So, too, the receipts and disburse¬ power to affect exchanges. The only point we are in¬
ments of the Sub-Treasury cover certificates as well as the terested to know is what effect a renewal of the demand
We have received
other descriptions of currency, and thus these serve also from this side for gold would have.
as a further cause of irregularity.
For instance, this week $40,000 gold from Europe this week.
The stock market has been active and generally
the Sub-Treasury has increased its holdings of certificates
$670,180, while last week they were decreased.
The stronger and prices higher during the past week. No
inquiry has been raised as to the extent to which certifi¬ disturbing influences have been at work, and confidence in
This is due mainly to a continued
cates will return here after the demand for them as a values has increased.
taken
out
of the
Now
they are needed for the
they were a short time since for the West.
When these calls are satisfied, the presumption would
to be
seem
that they would, in the main stay where
•they are, except as wanted for customs or taxes. They
can be turned into the Treasury only for those purposes,
and after those wants are met, if sent here, they must be
held as a special deposit.
In the meantime, however, they
make it difficult, as we have said, to trace the currency
movements of the banks and also increase the uncertainty
with regard to our banks accumulating reserve.
A further source of doubt with regard to the future of
ithe money market here, is, as we stated last week, the con¬
dition of the gold reserves in Eierope.
Now that our
remittance lias ceased.
South,
as
roads and the pros¬
larger earnings. In
another column we give our review of the railroad earn¬
ings for the month of October, which, under the circum¬
stances, show very satisfactory results.
Furthermore, the
announcement is made that the Pennsylvania and the Erie
have given notice of a general advance in West-bound
rates from New York to Chicago, to take effect on Mon¬
day. On the 7th the Vanderbilt roads advanced rates to
improvement in the business of the
pect of better rates, and therefore of
Chicago to the basis of 25 cents on grain,
nearly up to the winter schedule. This move¬
somewhat of a surprise, as it was understood
blockade of freight had been removed on
the East from
which
is
ment was
that
the
all the roads,
though business was pressing.
Still it is
jJoVKMBER
THE OHRONTCLE.
12, 1881. J
513
Into Banks. Out of Banks
indication that the war of rates is practically
Net.
0ver' and that for the winter at least a more profitable Sub-Treasury operations, net... $1,405,843
$
$1,405,843
Interior movement
1,099.000
1,238,000
*139,000
business will be done. There also appears to be a renewal
Total
$2,501,843
$1,238,000
$1.*266,843
of the investment demand for first-class properties.
For
Loss.
nearly four months investors have seemingly stood aloof
The interior movement, as
above, embraces all the re¬
from the market.
While the life of the late President ceipts and shipments of
gold and currency reported to us
j1Utl(r in the balance there was little disposition on the
by the principal banks for the week ended Nov. 10, which
part of capitalists to invest in new enterprises, muchness (stated in our usual form) are as
follows.
to buv any kind of share property.
After the death of
Receipts at and Shipments from N. Y.
Received.
the President there was some uncertainty in the public
Shipped.
Currency
mind regarding the course of his successor, but now all
$1,064,000
$993,000
Gold ..."
35,000
255,000
doubt is dispelled, it is seen that the machinery of the
taken as an
*
Total
$1,099,000
$1,238,000
smoothly under the new Admin¬
The Bank of America received $1,000,000
istration, the financial policy is well defined, confidence
gold during
the
week
on
account
of
the
associated
is established, and as a natural result there is a good
banks for deposit in
the
vault.
demand for first-class shares and bonds, which, as stated,
are freely taken by investors.
These facts will readily
RAILROAD EARNINGS IN
OCTOBER,
AND
account for the rise that has taken place in these properties.
FROM JANUARY 1 TO OCTOBER 31.
The exchange market has been steady and strong dur¬
For the first time in
ing the week.
The early demand was for bills to remit
many months our monthly returns
show
a smaller ratio of
for the gold brought to San Francisco from Australia, re¬
gain in earnings than in mileage
and consequently a decrease in the
average earnings per
ported in our last, and tliis importation is regarded here
mile.
The
as a speculative
aggregate earnings of the forty-eight roads
operation. Since then there has been
some inquiry to remit for securities sold in London for given in our table amount to $23,012,562 in October
account of bankers here, and this would indicate that the this year, against $20,747,989 in October last year, an
outward movement had ceased for the present. The increase of $2,264,573, or about 11 per cent.; the mileage
on which those
earnings are based has increased during
margin of profit for cable transactions is exhibited by the
the same time from 34,102 to
38,893, or about 14 per
following, showing relative prices in London and New
cent, so that the earnings per mile reach this year
York at the opening each day.
only
$592, against $608 in October, 1880. The following is
Nov. 7.
Nov. 8.
Nov. 9.
Nov. 10.
Nov. 11.
our usual
statement of earnings and
mileage.
Government works
Lond’n N.Y.
U.9.4s,c. 116*39
U.S.3K9
2d
Ill.Cent. 132-55
N. V. C..
34*141
Reading
o
+
Y
Lond'n
N.Y.
c5
a
*
116% 11664
U7tf
1C2
102-30
105-40
47%
104%
102*
47%
104*07
13305
134
135-10,
130 72
no
140T 8
47*23
34-021
08*
130%
140%
68%
•7*
34-141
rH
Exch’ge,
'
4-80
4*86
4*86
*
Expressed in their New York equivalent.
i Reading on basis of $50, par value.
transfer
of
$2,000,000 gold from the
Philadelphia mint to the Sub-Treasury during the week.
Including this the operations resulted in a loss to the
Treasury of $1,405,843 48, which is a gain to the banks.
The payments by the Assay Office
through- the SubTreasury, and embraced in the above, amounted to
§694,744, of which $600,000 was for gold received from
Europe. The following are the receipts by the SubTreasury from the Custom House.
was
a
Consisting of—
Date.
Duties.
0 old.
1881.
.
.
77. S.
Silver
Silver
Notes.
Dollars.
Certificates.
...
$525,205 81
301,812 25
$257,000
$23,000
151,000
408,035 75
255,000
8,000
11,000
Holi
-
-
391,000
18,000
604,995 28
378,000
21,000
$2,476,780 8C
$1,432,000
$30,000
...
Last week, out of
$239,000
143,000
1,000
201,000
1,000
163.000
------
205,000
day
570,021 71
.
$1,000
$3,000
$956,000
total of $2,576,343 received for
duties, $914,000 consisted of gold and $1,512,000 of silver
certificates.
It will be seen that this week the
receipts
Cm. Ind. St. L. & Ch..
Clev. Mt.Vern. & Del.
Col. Hock. Val. * Tol.
I>env. & Rio Grande..
Des Moines & Ft. D...
Detroit Lans’g &No..
East Tcnn. Va. & Ga.
Flint & Pere Marq....
Great West’n of Can.t.
Gulf Col. & Santa Fc.
Hannibal Sc St. Jos...
Llliuois Central (Ill.)..
Do
(Iowa lines)..
Ind. Bloom. &Westt--
Indianap. Dec. & Sp..
Lake Erie Sc Western.
Louisville & Nashv...'
Memphis & Char’ton.
Memphis Pad. &No.*
Milw. L. 8h. Sc West..
Minneap. Sc St. Louis*
Mo. Kan. &
TcxasY--
Missouri Pacific
Mobile Sc Ohio
N. Y. Sc New England*
Norfolk & Western...
Northern Pacific
Pad. Sc Elizabetht’n*
Peo’ia Dec.&Evansv..
St. L. A.&T.H. in-line.
Do do (branches).
St.L. IronMt. Sc So...
St. Louis Sc San Frail..
St. Paul Minn. & Man.
Scioto Valley
Texas & Pacific
Tol.
largely augmented, while those of silver certifi¬
Delphos & Burl..
Union Pacific
Wub. St. Louis Sc Pac
Total
2,514,000
118,278
151,233
1.590,000
2,305,700
370,520
2I2,00G
37,990
243 069
005,680
40,000
129.309
315,644
168,058
419,239
492
140
2,120,229
785,199
94,903
139,826
1,493,620
+393.771
2,717
-34.840
2,450
+ 11,107
810
230
335
840
220
335
+96,380
+ 200,183
3,951
2,941
342,052
3,600
2,581
+ 28,471
985
239,881
35,211
27,275
+ 2,785
+ 11,772
+ 192,368
+ 6,737
300
144
325
823
300
156
325
2,105.217
'
201,296
473,318
33,323
116,602
303,518
213,433
655,867
174,458
242,214
683,110
192,101
181,674
196,916
44,424
170,926
1,009,100
119,776
17,352
71,395
89,260
84 1,254
693,730
252,921
192,244
241,673
565,485
37,874
59.233
110.149
08,730
719.239
308.569
G05.709
47,970
403,571
62,475
3,289,531
1,396,301
23,01 2,56‘-
1880.
564
146
127,420
47,005
Increase or
1881.
Decrease.
$
+ 10,758
-3.957
158,752
487,619
73.568
122,732
Mileage.
$
204,990
33,767
221,748
29,810
750,359
Chic. & Eastern Ill.*..
Chic. Sc Or. Trunk!...
Chic. Milw. & St. Paul.
a
gold
are
1A80.
$
Burl. Cod. Rap. & No.
Cairo Sc St. Louis*
Central Pacific
.
•
Earnings.
of Oct.
Chicago & Northwest.
Chic. St. P.Minn. &0.
Note.—The New York equivalent is based upon the highest rate for
cable transfers, which ordinarily covers nearly all
charges, such as
interest, insurance and commissions.
There
Oross
Month
Chicago Sc Alton
,
cables.
GROSS EARNINGS AND MILEAGE IN OCTOBER.
105
*
3
o
110 64
102-00
4823
a
132*
M0%
07%
uo-ii
S3
<v
47%
104*
105-40
con.
■
if
102
47*39
Erie
Lond'n N.Y.
prices.* prices. prices.* prices.
o
>*
no*
102-00
;
M
prices* prices.
1,000,320
125,731
17,272
40,121
00,799
683,383
606,028
204,713
157,744
235,910
358,456
28,029
48,29,8
143,881
77.982
088,305
310,581
345,057
30.172
303,000
34,827
2,707,860
1,501,203
+23,375
-
+ 12,767
+ 12,120
+ 9,306
970
87
222
900
551
87
222
•
900
318
823
180
15,242
+ 2,581
-43,194
318
823
320
292
919
402
392
152
385
+ 8,774
1,840
1,840
—5,955
330
+28.461
+ 160,871
330
113
260
331
1.712
+ 87,702
1,150
-11,792
+ 34.500
500
350
428
972
180
-
68,380
+ 53,852
-28,781
-32,243
-17,643
—
+ 80
+ 31,271
+ 5, < 03
+ 207,029
+ 9,315
+ 10,935
-33,732
-9,202
+ 30.874
-2,012
+ 200,651
+ 17,804
+99.904
+ 27,048
+ 581,070
-101,903
*
292
919
402
392
152
385
113
235
225
1,408
950
506
316
428
722
2 48
195
121
080
043
855
127
900
395
3,050
3,229
.
186
190
195
121
686
565
656
100
550
285
3,125
2,479
10,747,989 + 2,264.573 38,893 34,102
*
Three weeks only of October in each year,
t For the four weeks ended October 29.
X Including Ohio Division.
$ Including International Sc Gt. Northern.
Taking these figures by themselves the inference
might be that the situation was no longer so encouraging
The
following table shovrs the Sub-Treasury operations as it appeared a short time ago, and there seems to be a
lor the week ended
Nov. 10 and the receipts and ship¬
disposition in some quarters to so regard the figures. But
ments of
gold and currency reported by the leading banks.
any conclusion which ignores the changed conditions that
cates
are
reduced.
THE CHRONICLE.
514
prevailed this year is sure to be misleading. Viewed in the
light of these conditions the present statement is eminently
satisfactory and calculated to inspire renewed confidence
in the situation of
affairs.
place we should remember that we are com¬
paring with earnings of last year which were 1 7 per cent
above those of October, 1879, and that these in turn were
In the first
[v««* xixm.
V
$750, or $62^ per month. If the earning*
of 1880 on the old mileage were not only maintained,
but increased, the decrease per mile would of course b%
less than $750, and might even be wiped out altogetherbut to effect this latter there would be required an increase
a
diminution of
the old mileage
In other words,
the earnings on the original 3,000 miles would have to
rise from $6,000 per mile to $7,000, and even then the
average per mile on the entire system would only be just as
large as in the previous year. That we have in the past been
of
fully 16 2-3 per cent in the earnings of
cent in the total earnings.
and of 33 1-3 per
those of 1878. This is a
Although we are making progress
very important fact.
•t a very rapid
rate, we cannot expect to continue
to keep on doubling our business in the course of
able to increase earnings even faster than mileage, shows
every third year,
as we showed recently we had
how extraordinary our development has been.
Not only
done in a late month.
The percentages given tell
that, but it shows also how unreasonable it would be, now
ms that for every dollar earned in October, 1878, there was
that we have to compare with a time during which this
earned in October, 1879, one dollar and a quarter, that
this was increased in 1880 to $1 46|-, and that this development was going on, to expect a continuance of tho
rate of progress.
More than this, the above illustra¬
year the amount was further increased to $1 62 1-3.
Of same
tion demonstrates that we may lay too much stress on tho
course, mileage lias also increased, but not anywhere near
almost
25
in the
same
per
cent above
bare fact of
proportion.
But these facts
relate wholly to a
oomparison of the
a
demonstrates
mileage earnings, and further
decrease of but $16 per mile in a
decrease in
that
a
figures. The influences tending to diminish receipts single month is of very little moment.
There is nothing to be said as respects particular roads
this year must also be considered. And foremost among
these should be mentioned the diminished grain movement beyond what is said above in a general way, but to
show what a decided falling off has taken place in the
b7 the railroads.
Last year prices of grain were low, the
grain movement, we have had prepared the following
crop was abundant, and there were no influences to inter¬
table of the receipts of flour and grain at the principal
rupt free marketing by the farmers. This year prices are
lake and river ports of the West for the four weoki ended
high, the crop more or less diminished, and the accumu¬
October 29, this and last year.
lations at the principal points so heavy that there is storage
RECEIPTS OF FLOUR AND GRAIN FOR FOUR WEEKS ENDHD 90T. 29.
r#om for no more, and railroads are compelled
to refuse
further offerings from the farmers.
As a result of this
Barley,
Oats,
Bye,
Corn,
Wheat,
F/our,
hare
condition
we
fyid that the receipts of grain at leading
Wastern lake \and river ports
show
a
falling off, when
compared with last year, of almost 43 per cent. A fall¬
ing off of three-sevenths in this class of traffic on the
chief grain-carrying roads is an element not to be over¬
looked in noting the continued gains on these lines.
Aside from this, particular roads in the West had to
contend with severe floods, seriously interfering with
their traffic operations, and in the South the roads suffered
from a diminished cotton movement.
In addition, in
many sections of the country rates on both passengers and
freight were lower this year than last, having in some in¬
stances been voluntarily reduced and in others .forced
down by the agency of competition.
Bearing all this in
mind, earnings now 62 per cent above those in 1878
would seem to offer little cause for complaint.
Furthermore, the decrease from last year in the earn¬
bbltt.
Chicago—
1881
1880
....
....
239,773
272,681
Milw’kee—
308,5)4
1881
1880
286,702
St. Louis—
3881
124,022
188J
169,560
Toledo 5,380
1881
1880
6,381
....
....
....
'
....
bush.
.
1.180,506
3,100,060
737,394 264,154
18)894
493.315 318,486
651,902 134,645
765,962
2,441,431
591,775
155,159
332,730
933,210
544,532
499,395
133,383
3
2,226
709,653
....
3,173,469
268.254
869,316
415,171
26 l,103
....
1881
1880
Peoria—
....
....
....
1880
Duluth—
1881
1880 ””
....
....
....
••••••
38,59*
46,059
521,379
58,636
31,077
79,346
61,741
41.039
2,107,079
13,803
15,239
21,200
107,250
141,023
172,400
250,300
198,000
36,663
43,40U
7,767
8,920
94,170
85,500
8,800
804,770
736,000
843,357
4,551,754
27.900
Total of all
3881
18^0
845,946 212,868
9,893,673 3,759,393
....
....
814,3421 13,303,389
busk.
7.402,066 1.600,937
49,190
116,370
Clevel’d—
1881
bush.
bush.
520,381
1,478,780
Detroit—
1881
1880
bush.
10,448
17,148
2,693
1,755
t
559,1001,384,950
839,430 1,072,550
9,438
33,589
74,096
62,236
500
•
50,500 143,450
90,625 121,675
......
,
9,862,121 3,131.63 i 1,800,238 762,534
12.972,814 6,199,5173 2,244,693 601,618
It will be observed that while last year the receipts of
ings per mile is insignificant, and even if it were larger it
ahould not carry with it very much weight in this discus- wheat at these eight ports were 13,303,389 bushels, this
iicn. For in itself a mere decrease here does not show year they were only 4,551,754 bushels, or 8,751,635
Of corn the receipts were this year only
much.
It does not indicate, as we have before said in bushels less.
these columns, that the old lines are doing no better than 9,862,121 bushels, against 12,972,814 bushels; of oats,
last year.
It merely shows that the earnings on the old only 3,131,630 bushels, against 6,199,547 bushels ; of
lines, when added to the light receipts of the new lines, barley, 1,800,238 bushels, against 2,244,693 bushels; and
Of all
and distributed over all, do not suffice to maintain the of rye, 762,534 bushels, against 601,613 bushels.
kinds
of
grain, the total foots up 20,108,277 bushels,
former average per mile.
While it is clear that an in¬
against 35,322,056 bushels last year, a decrease of moro
crease in the average means progress, it is also clear that
In flour there was a slight
this may be so even with a decrease in the average. Take than 15 million bushels.
a
hypothetical case for illustration—hypothetical simply increase. With such figures before us, and especially
because we have not data for an actual case.
A road those relating to Chicago, St. Louis, and Toledo, we are
not surprised that the Wabash has to report a decrease
operating 3,000 miles, earned, say, in 1880, $6,000 per
mile, or $18,000,000 ; in 1881 it adds 1,000 miles of new over $100,000 in earnings notwithstanding an increase
of
of
road
miles
cent;
The addition of 1,000
increases the system one-third in size, or 33 1-3 per
the addition of $3,000,000 increases the earnings
averaging $3,000 per mile.
road operated.
Our table does not contain any of the great trunk lines,
so we need not dwell upon the effect of the war of rates*
750 miles in
th«
at all
As regards Southern roads, we have referred above to
one-sixth, or only 16 2-3 per cent.
Maintaining the same earnings on the old mileage, as in diminished cotton movement, and to bring out this point
1880, the entire system would thus show in 1881 an average we give the following table of the receipts of cotton
•f only $5,250 per mile, against $6,000 the previous year, the leading outports.
JfOTBMBElt
fflE
12, 1881.]
1881 AND 1880.
BBCBIFTBOF COTTON AT SOUTHERN PORTS IN OCT.,
bales.
Galveston
Indianola, <&o
Orleans
New
Mobile
Florida
Savannah.
1881.
1880.
78,779
2,06 L
214,784
45,019
1,098
150,698
91,407
Total
Deo
Dec....
Inc..
214,336
September.
Name.
12,628
1,460
448
..
66,032
3,642
Gross
Dec....21,013
Deo.... 2,544
Deo.. ..33,910
Deo....
37
Deo.... 17,232
Earnings
113,850
10,549
43.791
Dec... 33 242
Mem. Pad. A Northern 1881
Do
do
1880
786.483
931,793
Deo.. 145.310
Nash. Chat. A St. Louis 188!
Do
do
1880
Deo..*..
Deo....
Inc..
1,845
390
1,623
Dee.... 23,080
Gt. West, of Canada
Do
do
..
Do
Referring to the earnings for the first ten months of the
find a very favorable exhibit. The forty roads
included in the table have earnings amounting in the
aggregate to $173,100,136 this year, against 146,099.895
last year, an increase of 27,000,241, or about 18£per cent.'
roads that show smaller figures than in
Subjoined is the table.
Phila. A Erie
Do
310-131
323,142
47,519
21.911
25,6-8
290.68*
33,564
12,3j0
21,174
223,726
•7,861
100,484
£
£
55,058
£
1,613,891
474£44
68,647
1,547,887
409,13$
$
173,34d
149,341
88,196
22,288
134,247
123,8:4
58/4'
52,958
$
12,084
14,183
1)1,868
94,602
379,15*
Increase.
1830.
5’',406
U'l, 31
4,030,250
3.584,104
1.348,464
1,164,93$
99,408
65,760
$
33 263
19,e86!
886.309
27,456
11,040
287,499
3.735.006
3,647,543
2,271.829
‘2.172.633
276,52?
2'3,262
32?., 37
212,871
1,463,177 32 879,241 13,896,80$
1,474,910 30,254,618 12,426,804
63.260
2,595.067
802,109
109.816
2,753,766
970,82$
January 1 to Data.
Operating
Net
$472,800
$233 000
379,502
173,337
Burl. Cedar Rap. A No...
Cairo A St. Louis*
Central Pacific
Chicago A Alton
335,(590
Chicago Milw. A St. Paul
Chicago A Northwest —
19.684,791
6,211,169
13.602,000
17,939,297
Chic.St.P.Minn.AOimiha.
3.169.733
Cin. Ind. St. L. A Chic...
1,909,488
Mt. Vernon A Del..
348,127
5,006,664
330,588
1,522,984
4,306,118
1,836.272
5,561,264
1,524.239
ciev.
Denver A Rio Grande—
Des Moines A Ft. Dodge
Flint A Pere Marquette..
Cheat West’n of Cauadat.
Hannibal A St. Joseph
DL Central <113. line)
Do
(la. leased lines).
Ind. Decatur A 8 >ringf..
Lake Erie A Western
Louisville A Nashville...
..
Memphis A Charleston...
Memphis Paducah A No. *
Milw. L. Shore A West’n.
Minneapolis A St. Louis*.
Mo. Kansas A Texas;
MissouriPa< ifio,.
Mobile A Ohio
Norfolk A Western
Northern Pacific
—
1,670.735
326,886
16,403,421
6,446,723
10,216,767
16,082,485
Oregon Railway A Nav
1.153,584
9.153,451
963,264
190,698
4*5,985
942,414
6,415,767
5,159,360
.
Total
Net increase
1,826,551
3.107,072
3,530,235
424,183
569,446
1,134,633
5,922,966
2.588,010
3,842,167
352,886
3,063,623
22,411,219
11,788,181
Jan. 1 to Date.
161,989
75.631
72.741
171.668
1,564,376
91.537
24,085
161,908
326,513
1.535,773
704,065
139,883
153,149
1,018,914
674,106
108,655
214,693
14,380
37,324
946,372
401,375
1,280,251
89,374
923,256
3,083,657
1,541,011
593,931
Three weeks only of October in eaoh year,
January l to October 28.
t Inoluding International A Oreat Northern.
t
September and
the first nine months of the year. As in previous months,
it is difficult to draw any general conclusions applicable to
all roads. Some exhibit better results than last
year, others
worse.
Perhaps the most noteworthy change in comparing
the two years is seen in the case of the Chicago Burling¬
ton & Quincy.
This company reports an increase of
$400,695 in gross, and $220,821 in net, during Septem¬
ber. The decrease in net earnings for the current year
which at one time amounted to $1,126,636, has now been
cut down to $555,200.
The following will show figures
for this
as
well
as
covers
all other roads from which returns
can
be obtained.
•ROBS AND NET EARNINGS TO LATEST DATES.
September
January 1 to Date.
Naia
Gross
Operating
Net
Gross
Earnings Expenses. Earnings Earnings
Host. & N. Y. Air Line. 1*81
do
1880
do
Burl. Cedar Rap. A No..i88l
Do
Chesapeake
Do
do
1880
A Ohio...
do
Chic. Burl. A Qniney.
Do
do
'
$
28.269
28,728
221,801
179,305
247,144
18*0
247,303
.188!
}8*
2,262,981
1.88 ,2H5
$
11,447
7,740
151.098
101,286
149,261
146,82
1,017,3 >8
83-.45‘
$36,484
$32,981
39.689
24,814
1,772 893
1.096.523
1,606,874
957,636
were spent
ROYAL AND
238,337
*
earnings
Net
Operating
for renewals this
Gross
Net
Earnings Earning»
$3,5 3
$270,998
14,315
254 887
$29,480
47,96$
677.372 13,557,369 4,748,400
649,1^8 11^,273,9.4 4,667,87ft
year.
10,226
2.296,866
73,539
231,107
102,122
173,100,136 146,099,895 27,594,172
27,000,241
Our statement of net
Large amounts
Net
95,429
1,199,013
574,448
4,976,594
2,186,635
2,561,916
263,512
2,140,367
19,327,562
10,247,170
1881
1880
N. Y. A L. Erie A West. 1881
Do
do
1880
*
702,703
615.901
4.879,994
4,455,295
1,734.831
1,673,402
2,088,158
2,856,129
315,528
Sol,7 o3
235,559
1,856,812!
358.353
2,709,798
257,049
1,291,877
4,203,996
'2,074,609
5,399,275
1,448,658
352,645
981,916
7,589,075
871,727
166,613
324,077
425.5586
611,772
3,385*233
Gross
Cairo A St. Louis
Do
do
3,281,370
2,467,030
2,004,917
1,374,764
Paducah A Elizabethan*
Peoria Dec.A Evansville.
8ULA.AT. H. main line
Do
do (branches)..
St. L. Iron Mt. A South’n.
St. Louis A S. Francisco
SL Paul Minn. A Man
Scioto Valley
Texas A Pacino
Union Paciflo
Wabash St. L. A Pao
>
1,8*24,045
Name.
Gro'S
Earnings Earnings
$2-14.800 $3,530,235 $1,778,16#
201,115
2,850,129 1,613,07$
Earnings Expenses. Earnings
$
153.310
8,804
1,513.074
38,496
•
Earnings Expenses. Earnings
Decrease.
£
1,577,949
72,8721
August.
1881.
64,969
34,699
$
8,900
5,178
78/11
52.554
y488ti
8&.3BB
24.514
18-4
1880
Gross
do
$
272.356
Oregon R’y A Nav. Co. .11881
Net
$
9.209
October.
Do
Gross
Earnings Earning*.
429,565
464.093
Namb.
1 TO OCTOBER 31.
GROSS EARNINGS PROM JANUARY
Net
Earnings
xpenses.
1*81
1880
1881
1880
do
•
10,245
167.474
Penn, (all lines east of
Pitts. A Erie)
1881
Do
do
1880
There are but five
1880.
do
Pad. & Elizabetht’n
Do
do
Operating
$
31,004
31,602
189,30.'
192,511
83,055
87,657
9
20,984
19,36
179,979
1881
1880
January 1 to Date.
41,847
£
Gr. Trunk of Canada. ...1881
Do
do
1880
Northern Central
year we
$
40,213
Clev, Mt. Vern. A Del..1881
Do
do
1880
Des Moines A Ft. D’ge.1881
Do
do
1880
184,608
2,120
143,061
12,223
28,040
2,082
136,930
125,829
10,378
27,650
3,705
Norfolk.....^.City Point, Ae
515
Difference.
;
3.521
2.083
Brunswiok, &o
Charleston
Port Royal, <fco
Wihninjrton
Morehead City, &o
CHRONICLE.
Net
Earnings
$
$
213,973
16,822
20,938
216,293
70,703
1/02,297
78,516
1,405,745
67,883 2,031,219
100,478
2,003,685
1,245 653 15.423,831
7,531.927
15 126.851
8.087,127
1,024 >3'
$
105,012
117.191
425,949
529,067
622.5^7
515,773
IMPERIAL
MEETINGS
For th9 last two weeks the recent visit made
by th#
King of Italy to the Austrian capital has formed a con¬
spicuous feature of our foreign news.
Naturally enough
importance attaches to such meetings. Ever since the
famous meeting of the First Napoleon and the First Alex¬
ander of Russia on board the raft at Tilsit, they have
been looked upon with suspicion and distrust.
The times,,
however, are now different, and it is probable that some
times too much importance is attached to royal and im¬
perial interviews. Kings and emperors are, after all, but
men, and it is not wonderful that they should occasionally
court a little friendly intercourse.
It is not difficult, however, to perceive that the present,
domestic policy of Russia has been largely influenced by
the recent meeting of the young Czar and the Emperor of
Germany. It was the Emperor's advice that a firm and
unbending policy be pursued, and that reform should only
succeed peace and submission to authority.
That th*
advice has been carefully
also,
we
bonds of
were
followed, is certain ; and it may
think, be taken for granted that at Gastein the*
friendly alliance between Russia and Germany
It was confidently expected that the inter¬
renewed.
view between
the Czar and Kaiser William would be
promptly succeeded by a similar exchange of courtesies Oft
part of the Czar and the Emperor of Austria. Sur¬
prise and wonder have been expressed the world ovar
that such a meeting has not yet taken place.
The
surprise has since risen to excitement and almost
alarm in consequence of the visit of the King of Italy
to the Austrian capital.
A few months ago, and such a
visit, not to speak of the demonstration with which it was
accompanied, would have been deemed an impossibility.
For at least two generations there has been but little
friendship between the House of Savoy and the House of
Hapsburg. United Italy was secured at a cost which
implied at once the humiliation and delimitation of
Austria ; and on both sides there existed animosities
which dated further back than Magenta and Solferino.
It was deeply significant that such difficulties should
have been gotten over, and that a meeting of, the King of
the
THE CHRONICLE.
5L6
Italy and of the Emperor of Austria, with their respec¬
tive ministers, should have been found not only possible,
but, to all outward appearance, in the highest sense
agreeable. It was all the more significant that difficul¬
ties, meanwhile, were discovered and allowed to stand in
the way of two such ancient allies as Austria and Russia.
These difficulties, it has appeared, have been mainly, if
not wholly, on the side of Austria.
It is certainly not
wonderful, that, in the circumstances, Russia should have
felt irritated, and should have asked Austria to explain.
Thus for a day or two the visit of the Italian King to
the Austrian capital threatened, apparently, to become a
source of danger to the continued amity of the great
northern Powers.
Some of the speeches delivered during
the festivities, especially by the Austrian statesmen, were
perhaps more jubilant than politic. They were certainly
open to misconstruction and liable to mislead ; but it
would now appear as'if the explanations were satisfactory
—satisfactory so far at least, that in the understanding
arrived at by Austria and Italy there is nothing detri¬
mental to the interests of Russia.
It would
now appear,
also, as if the obstacles which have hitherto hindered the
meeting of the Czar and the Austro-Hungarian monarch
were being got over, and as if the imperial interview were
imminent.
The Russian Minister of Foreign Affairs tells
us that “the interview has now become indispensable.”
This, however, is not all. Count Von Kallay has so far
satisfactorily explained a speech which was reported as
having been delivered in the Hungarian delegation, and
which gave offence to Italy ; and Count Andrassy, the
coming man again in Austro-Hungarian councils, has
assured us that “during the whole of his ministerial career
he has been convinced that the union of Italy and Austria
was a
great and important factor in the preservation of
the European equilibrium.”
From this it would seem safe
enough to infer that the late royal and imperial meeting at
Vienna wTas not wholly unconnected with questions of
State and international policy.
Whatever may have been
done, and however these meetings may ultimately develop
their hidden purport, it seems safe enough to conclude
that they do not in any way, for the present at least,
menace the peace of Europe.
And yet an Austro Italian alliance is significant.
Italy
has been irritated by the recent action of France in Tunis;
and the monarchy is ill at ease alongside of the prosperous
and aggressive republic.
Alone she is no match for
France.
An alliance with some Power was a necessity.
After France, Austro-Hungary was the next nearest
neighbor. These are perhaps reasons sufficient to explain
this courtship of Austro-Hungary by Italy.
There was
but one remaining difficulty between them.
Trieste and
the Trentino are regarded by a certain section of Italian
politicians as “ unredeemed Italy.” It is reasonable to
conclude that as the price of this Austro-Hungarian alli¬
ance the Irredentists have been sacrificed.
It is probable,
however, that for the abandonment of this claim compen¬
sating promises have been made. The Eastern question
is not yet finally settled; nor is it difficult to see what
Austria
means
shall have
to
come.
do when
She is
the
time
for final
action
already enforcing the military
regulations of the Empire on Bosnia and Herzegovina;
and she is read}', on the first opportunity, to rush to
Saloniki.
We know that she has Germany at her back
in the carrying out of her purpose in the East.
Her plans
are Bismarck’s plans.
Russia may object—probably will
object to Austrian extension eastward; but Germany and
Italy will be with Austria; and both will look for compen¬
sation.
Compensation may come to both in the same way
—in the more completely rounding off of their territory.
[Vol. xxxm.
German
unity may thus find completion;
Irredentists may yet be satisfied.
In the
and the Italian
meantime, it is becoming to write with caution.
Much will
depend on the probable meeting of-the Russian
Austro-Hungarian rulers; and much also will depend
on the political alliance of France and England—an alli¬
ance which Earl Granville declared on Monday night in
the Guildhall to be of the utmost importance.
and
BROKERS’ COMMISSIONS.
decision, just published, of the Court of Appeals,
explains under what circumstances a broker employed to
sell property, mav be deemed to have earned his commis¬
sions.
He can not claim them, it is said, unless he
A
The story of the case was
employed by the Bethlehem Iron Com¬
pany to negotiate sales of steel rails for railroad tracks
which they might manufacture, with reference, particu¬
larly, to the Grand Trunk Railway Company of Canada,
actually procures
that
with
broker
a
whose
a
purchaser.
was
officers this broker
was
supposed to have
The broker visited Canada
manager of the Railway Company,
acquaintance and influence.
and conversed with the
afterwards
corresponded with him, endeavoring to
arrange a sale of one thousand tons of rails; sent a sample
of steel, and made other efforts; and the Grand Trunk
Company expressed themselves as inclined to purchase,
but, ultimately, the Bethlehem Iron Company declined to
name
a price, and the negotiation fell through.
Appar¬
ently the Iron Company had become dissatisfied with the
broker for his willingness to yield on prices. Four months
passed in this ineffectual negotiation. Afterwards another
and
broker4 who had learned “on the street” that the Grand
Railway was in the market for rails, opened
negotiations which resulted in a sale such as plaintiff had
been employed and had endeavored to accomplish. Hence
the suit.
The broker first employed claimed that he had
introduced the parties and t rought the rails of his princi¬
pal, the Iron Company, favorably to the notice of the
Railway Company, and that he could not be deprived of
his commissions by his principal’s dismissing him and
reopening negotiations through another person.
Trunk
The court decided
against the claim. The opinion says
that the duty undertaken by a broker employed to buy or
sell, and the essential condition of his right to commissions,
is, to bring buyer and seller to an agreement. A broker is
one
who makes a bargain for another ” and receives a
commission for so doing.
To earn commissions a broker
to sell must produce a buyer ready to purchase on terms
satisfactory to his employer. He need not of necessity be
present and an active participator in the agreement of
buyer and seller when this agreement is actually con¬
cluded.
He may just as effectually produce and create
the agreement, though absent when it is completed and
taking no part in the arrangement of its final details.
But his duty is to bring the minds of the buyer and seller
to an agreement for a sale, and the price and terms on
which it is to be made, and until that is done his right to
It necessarily follows that
commissions does not accrue.
he is never entitled to commissions for unsuccessful
efforts.
The risk of failure is wholly his.
The reward
comes
only with his success. The broker may devote
time and labor, and expend money with ever so much
fidelity to the interests of his employer, and yet if he
fails, if before a bargain is accomplished lie abandons the
effort, or his authority is fairly and in good faith termi¬
nated, he gains no right to commissions.
“
And in such event it matters not that after his
and the termination of his agency,
failure,
what'he has done proves
November
THE
12, I881.J
the principal. He may have introduced to each
other parties who otherwise would have never tnet; he may
have created impressions which, under later and more
favorable circumstances, naturally lead to and materially
assist in the consummation of a sale; he may have planted
the very seeds from which others reap the harvest; but
all this gives him no claim.
It was part of his risk that,
of benefit to
planetary! ©arowcrcial HttyXisft penis
RATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
EXCHANGE AT LONDON— Ocl. 2?.
failing himself, others might be left to some extents avail
themselves of the fruit of his labors. If the efforts of the
rendered
a
failure by the fault of the seller;
capriciously he changes his mind after the purchaser,
ready and willing, and consenting to the prescribed terms,
is produced; or if the latter declines to complete the con¬
tract because of some defect of title in the ownership of
the seller, some unremoved incumbrance, some defect
if
which is the fault of the latter, then
the broker does not
commissions. But this limitation is not an excep¬
tion to the general rule affecting the broker’s right, for it
lose his
Short.
123
3 1110s.
12-5**3 @12-5%
12-5*4 @12-3a
Antwerp....
Hamburg
ii
.
a
25-65
25-65
20-74
20-74
L8'45
ii
...
if
Berlin
Frankfort...
44
44
Copenhagen.
St.Peterb’bg.
Paris...
Paris
Vienna
Cadiz
Genoa
Lisbon
New York...
Alexandria
.
Short.
3 mos.
•
<
44
fault of the seller.
Moreover, unless the employment of
the broker is
expressly made for a specific time, his employer may
terminate it at will, subject only to the requirements of
good faith. Ordinarily the broker is entitled to a reason¬
able time for finding a buyer, but, this being granted, the
principal may terminate the broker’s authority whenever
he pleases, provided his doing so is not a mere device to
avoid paying commissions. If, in the midst of negotiations
instituted by the broker and evidently approaching
success, the seller should revoke the employment with
design to conclude the bargain without the broker’s aid,
and on that pretext to refuse commissions, it might well
be said that the due performance of the broker’s duty was
purposely prevented by the principal. But if the seller,
acting in good faith and moved fairly by a view of his
own interest, not by a desire to escape from commissions,
chooses to revoke the broker’s authority before a bargain
is made, he has the right to do so, and the broker can not
afterward claim compensation for a sale made by the
principal, even though it be made to a customer with
whom he was negotiating and to some extent by the aid
Time.
Rate.
Oct.
28
Short.
1215
Oct.
28
Short.
25 37i*
.....
....
28
Short.
25-27^@25-37^ Oct.
Oct.
28
28
Oct.
28
Short.
3 mos.
Short.
Oct.
28
3
Oct.
Oct.
Oct.
28 30 days
26 30 days
28 3 mos.
Oct.
Oct.
Oct.
28
28
28
20-4 »a
26-65
@26-70
26-2^@26-l2i3
44
mos.
3
25*19*3
25 22
118-40
25-50
if
•
.
•
•
•
4
....
Hong Kong..
Shanghai....
Latest
Date.
Oct.
H-97*a@12-2*2
471s® 473s
Bombay.... 30 days
Calcutta
@25-70
@25-70
@20-78
@20-78
EXCHANGE ON LONDON.
@18-48
25@25-^
44
....
—
the ground that the broker has done his duty, has
brought buyer and seller to an agreement, but that the
consummated and fails through the after-
@12-4
Amsterdam
Amsterdam
Rotterdam..
goes on
contract is not
Rate.
Time.
On-
.
broker are
517
CHRONICLE.
Is. 73id.
Is. 73id.
4
mos.
if
if
4-80*
955s
1 s. 83if,d.
Is. 8^d.
3s. 9*4d.
5s. l*ad.
[From our own correspondent.I
London, Saturday, Oct. 29, 1881.
liquidation” in Paris will be commenced and concluded
week and it is still a cause for anxiety. This anxiety was
The “
next
especially apparent in the early part of the week, and it was
expected that, as the London money market is the easiest for
borrowers, considerable sums of gold would be remitted to
It is understood that a
large amount of foreign government stocks has been sold here
of late, and the exchanges between London and Paris have
fluctuated considerably; but the movements in gold have so
Paris
against sales of foreign bonds.
far been of
an
unimportant character.
There is now an
impression that the preparations for the arrangement of the
account on the Paris Bourse are now in so advanced a stage
that our money market will not be materially affected. Borne
difficulties are apprehended, but they will in all probability be
confined to second class operators, and no serious results are
looked for. The more favorable view which is thus taken of
financial affairs in Paris has naturally exercised a beneficial
influence, and the week closes with a fair degree of firmness
prevailing in most departments of business. Financially, also,
the position of affairs here has decidedly improved. The Bank
rate of discount remains at 5 per cent; but in the open market
the best three months’ bank bills are taken at 4 to
per cent, a
moderate percentage of business being reported at 3% per cent.
The state of the Bank of England has also somewhat improved,
the proportion of reserve to liabilities having advanced to
of his efforts.
nearly 38 per cent. The supply^ of bullion held by the Bank
does not, however, increase ; there being a decrease of <£16,214,
Applying these two principles to the particular case, the
court denied the broker’s claim, both because he had not against a recorded influx of £94,000.. The circulation of notes,
however, is diminishing, the falling off this week amounting to
in point of fact completely negotiated a contract, and
£470,365, and the result is that the total reserve has been
because the Iron
Company had seen fit to terminate his augmented by £454,151. The Bank is transacting very little
employment, after he had had a reasonable opportunity discount business, the total of “ other securities ” having been
(three or four months) to make a sale and before he had diminished by £451,442; and the government appears to have
repaid the Bank a further sum of £600,000 in reduction of the
effected one; which the company had the right to do.
loan granted for the purpose of paying the dividends. Al¬
though the process is a slow one, the Bank make3 progress
Error with regard to Fork-Packing.—The Cincinnati Prices
towards improvement, but the opinion must still be enter¬
Current in the following calls attention to an evident error
tained that the process must remain slow. Since the v^lue of
which, through the carelessness of the copyist, was incorpor¬
money in the open market has declined to 4 per cent, the Con¬
ated in our article on “ Pork-Packing ” in our issue of October
tinental exchanges have been less favorable to us, and not only
15th. The figures as given probably misled none since the
can we expect no supplies of gold from the Continent, but, on
mistake was so gross and the correction so very apparent:
the contrary, that commodity, for special, though only tem¬
In an article on pork-packing the usually careful Financial
Chronicle has fallen into a very serious error in saying that on porary, purposes is more likely to be sent to Paris, as well as to
Oct. 15 there were in Chicago * 607 million pounds of bacon and other Continental financial markets of importance. The news
cut meats, against 337
million pounds last year.’ The actual from America, however, is of a favorable character, and there
stock of bacon and cut meats in Chicago Oct. 15, 1881, was is felt to be now
very little, if any, reason for believing in a
60,716.946 lbs., against 33,597,330 lbs. Oct. 15, 1880, so that the
revival of the expsrt demand for gold on New York account;
increase in the supply this year over last year is only 27,000,000
but we are not likely to receive gold from there, and
pounds, instead of 270,000.000 pounds.”
consequently, in order to maintain our present position, which
Chesapeake & Ohio.—Track is now laid on this company’s is certainly not a strong one, we must depend chiefly upon
Elizabeth Lexington & Big Sandy line to Herat, Ky., 66 miles our colonies for supplies.
These will not be liberal, and
eastward from the old terminus at Mt. Sterling, ana 100 miles
although we may hope for the return of sovereigns from Egypt
irom
Lexington. Just beyond Herat is the Means Tunnel, the and South America, as well as from the provinces of England
completion of which is expected in a few days. As soon as
receipts must be small.
laid through tne tunnel the connection through to and from Scotland, in the aggregate
\rafi
e^n
Ashland will be made.
The demand for money for commercial purposes is still very
“
(CHRONICLE.
THE
518
[Vql. XXXIIL
improving state of our com¬ The land is in good condition and works well, and autumn
wheat is being sown under very favorable conditions. Very
merce; and there is still every probability of much discrepancy
existing between the Bank rate and the open market rates of satisfactory progress has been made, and farmers have also
discount. This condition of things is likely to last for some found time to thresh out a moderate quantity of produce.
time to come, and although the state of the commercial demand Now, however, that they have disposed of a considerable pro¬
would seem to justify a lower official minimum, it is very portion of their crop, and have probably met some of their
evident that the directors of the Bank of England will be more pressing financial necessities, there seem to be indica¬
unable to see their way clear to adopting any change. - The tions of a limitation of our home supplies.. The trade, how¬
ever, has been dull during the week, owing to the reduction
following are the present quotations for money:
which has taken place in prices at New York, and sales have
Per cent.
Open market rates—
Per cm'
4 months’ bank bills
3 V<2>4
5
Bank rate
only been practicable by submitting to a reduction in prices of
6 months’bank bills..... 37801
moderate, notwithstanding the
Open-market rates—
4 & 6 months’ trade bills. 4 *2
4®l7e
30 and 60 days’bills
i 3 months’ bills
about Is. per
quarter.
During the week ended October 22
<*5*2
4® 1*8
the sales of home-grown
the rates of interest allowed by the joint- wheat in the 150 principal markets of Eagland and Wales
stock banks and discount houses for deposits :
amounted to 54,329 quarters, against 41,531 quarters last year
Per ten'.
3*2
and 35,617 quarters in 1879; and it is computed that they
•Joint-stock banks
3*2
Discount houses at call
were in the whole kingdom 217,320 quarters, against 166,130
35*
do
with notice of withdrawal
quarters and 142,500 quarters. Since harvest, the sales in the
Annexed is a statement showing the present position of the
150 principal markets have been 386,612 quarters, against
Bank of Eagland, the Bmk rate of discount, the price of eon351,500 quarters and 171,640 quarters, the estimate for the
•ols, the average quotation for E lglish wheat, the price of
whale kingdom being 1,546,500 quarters, against 1,406,100
middling upland cotton, of No. 40 mule twist, fair second
quarters and 686,540 quarters in the two preceding seasons.
quality, and the Bankers’ Clearing House return, compared Without reckoning the supplies of produce furnished ex-granary
with the three previous years;
at the commencement of the season, it is estimated that the
1879.
1878.
1880.
1881.
£
£
£
£
4Broulation, excluding
following quantities of wheat and flour have been placed upon
26.191,845 26.626,360 28,265.290 30.10^,425
bank post bills
the British markets since harvest. The visible supply of wheat
2,715.768
4,898.500
4,544,363
3,304,480
Public deposits
24.927,240 28.177,105 31,932,439 28.310,9 4.*’
Other deposits
in the United States is also given:
14,320,269 15,865,070 19.070.528 16,037,672
The
following
are
'
Governm’t securities.
20,990,743 1^.057,666
Other securities
Ree've of notes & com. 10,801,319 16,671,039
jOoin and bullion in
both departments.. 21,246,164 28,297,399
Proportion of reserve
37-96
5 p. c.
to liabilities
Bank rate
■Oonsols
Bos. wheat, av. price.
99*8
The following are
10,93s,734
31,097,433
25,447,159
50-57
48-02
33-u3
2 p. c.
6 p. o.
94
39s. Od
42s. 8d.
63a l.
10*4<l.
658-1.
10*d.
81.213.000
Olear’g-house return. 93,476,000
22,64 2,5*9
17,832,143
21* p. c.
99*2
47s. Id.
Mid. Upland cotton...
Mo. 40 Mule twist....
17,863,355
97*2
49s. lOd.
lOd.
9*4 t.
80,782,000
91,401,000
princi¬
the current rates for money at the
pal foreign centres:
Paris
Brussels....
Amsterdam
Berlin
Frankfort...
591Hd.
75lftd.
Open
Bank
rate.
Pr. cl.
5
market.
rate.
Pr. ct.
market
Pr. ct.
4
6
4
5
4
3*2
3*2
3*2
3*2
....
....
....
Vienna
Bombay....
5*-j
Pr. ct.
47q
Madrid & other
5*4
Spanish cities
4
4
5 *2
5*4
5*2
St. Petersburg...
Genoa
Geneva
4
378
Copenhagen
7
Open
5*
19,621,966
of
8.
gold, fine
per oz. standard.
gold, containing 20 dwts. silver, per oz. standard.
Spanish doubloons
peroz.
Bar
Bar
peroz.
per oz., none
German gold coin
here
silver,contaiu’g 5 grs.gold
Cake silver
Mexican dollars
Chilian dollars
Quicksilver, £6 15s. Od. to £7.
8.
73 9
d.
&
48s. 2d.
41s. 61.
49s. lOd.
wheat
bush.20,500,000
15,800,000 25,697,223
imports and exports of grain into and from the United
Kingdom during the first nine weeks of the season, compare
as follows with the corresponding period in the three previoa*
standard. 517s -a
standard. 52*4 ®
peroz. 56
-a
oz. nearest. 507s a>
per oz.
per oz.
per
peroz
Discount, 3 per cent.
companies
are
a
still dis¬
appointing, but better results are anticipated shortly. The
trade of the country continues to improve, and an increasing
amount of business is being carried on with the United States.
It is expected that the October Board of Trade returns will, in
this respect, show very favorable results, especially as regards
•ur shipments of iron.
Our trade has undoubtedly much
improved this year, and it is very satisfactory to notice
that the business of the country is upon a sound basis. Very few
failures are recorded, and there is no reason to apprehend any
mercantile difficulties of importance. ' The firm of Salberg
Brothers & Co., of London, has failed this week, with liabilities
estimated at £180,000 to £200,000, and assets of about £80,000.
The firm had branches at Luxembourg and Chaux de Fonds,
Switzerland, and the suspension does not seem to be of much
importance to this country. It is attributed to the failure of a
Belgian bank.
The weather during the week has been winterly, but dry,
Bad the season for farmers is proving to be very satisfactory.
1880.
12.154.621
2,368 027
1881.
.cwt.10,969,869
2,299,537
2,112,649
Wheat
Barley
D.itS
Peas
7.461,3-53
158,»>55
462,235
4,406.725
1,880,199
1,898,446
415,197
1,950,897
Flour
2,870,982
2,764,944
251.021
5,368,435
[udian corn...
1878.
1879.
13.178,601
2,361,4*66
213,370,
320,412
"
Beans
9,761,527
3,024,501
1,981,063
523,641
313,191
7,022,993
1,151,125
EXPORTS.
cwt.
Wheat
Barley
Oats
Peas
Beaus
Indian corn
Flour
1878.
1880.
1879.
202,089
7,494
79,4*0
311,181
1,937
60,446
184 949
11,115
8,282
49,726
9,79 4
1881.
37,852
28,501
487,193
17,694
16,222
3,754
4,420
3,346
14,675
5,296
23.647
23,685
English market
d.
d.
The traffic returns of British railway
19,787,035 17,837,599
The
per oz
Bar silver.flne
; i
ct.
77 9 S>
77 10*2®
73 9 ®
silver.
t
214,448
339,635
imports.
GOLD.
'>
19.791,852
505,341
19,286,511
42s. Id.
16,882,o81
seasons.
quiet, and the value of fine
bare has had a downward tendency. There has been scarcely
any inquiry either on Continental or Indian account. Mexican
dollars have been in very limited request, but the supply his
been small and prices have been maintained. India Council
bills were sold at the Bank of England on Wednesday at
Is. 7%d., being the official minimum, and £400,000—an in
•rease of £50,000—is to be offered next week.
The following
are the present quotations for bullion :
Bar
20,127,620 18,052,017
19,396,192
Result
....
South American doubloons
United States gold coin
8,379,209
225,774
The silver market has been very
M:
2,975.000
6,092,300
Av’ge price of English
wheat lor season (<ir.)
Visible supply of
lathe U. 8....
Bank
9,761,527
1,151,125
6.701,200
Total
Deduct
exports
wheat and flour
1878.
12,15 4,621 13,178,601
1,880,199 1,893,416
Imports of wheat.cwt. 10,969,809
Imports of flour
1,950,897
Sales of home-grown
produce
'
1879.
1880.
1881.
1,263
61,205
276,507
18,148
29,499
Reports—Per Cable.
daily closing quotations for securities; &c., at London,
and for breadstuffs and provisions at Liverpool, are reported
by cable as follows for the week ending November 11 :
The
Sat.
London.
Silver, per oz
Consols for money
d.
•Jonsols for account
Fr’ch rentes (in Paris) fr.
[J. S. 5s ext’n’d into3*2S
U. a. 4*38 of 1891
Q. S. 4s of 1907
Brie, common stock
Illinois Central
5178 *
517s
99**6 100*8
Tues.
1* *5
105
116*4
119*
116*4
119*
4m*2
116*2
119*
'd
495s
w
137
137
48®8
Sat.
d.
68*8
35*8
144*2
Mon.
s.
d.
rZ
8.
d.
3
Wed..
11
10
5
77
47
91
58
d.
3
8
5
1
11
10
0
0
0
O
58
0
s.
14
10
10
105*4
116*2
119*
116*
120*4
48*
48 78
345e
14
10
10
11
Fri.
L05
137*2
68*4
31*
143*
141
\4 3
14 3
9
10 9
lO 9
5
10 5
10 5
1
1
11
1
11
10 1L
0
11
ll 0
ft 10*5 5 10** 5 9**
77 0
77 O
77 0
17 6
48 0
18 0
92 0
92 0
Beef, pr. mess, new,#tc. 92 0
57 6
58 0
Lard, prime West. # cwt. 53 0
58 6
58 6
Cheese. Am. choice, new 58 6
State.. 100 lb.
“
Wheat, No. 1, wh.
Spring, No. 2...
“
Winter, West., n
“
Cal. white
“
lorn, mix., West.
“
Pork, West, mess..# bbl
Bacon, long clear, new..
o
68*8
Taes.
Thurs.
51**16 51**16
100*116 1009)6
10013)8 100»i«
86-32*2 86-85
5178
109*6
10 '9jo
105
s.
Flour (ex.
Wed.
10038 10 )
85-62*2 86 07*2 86 40
136*2
68*4
Pennsylvania
Philadelphia & Reading. 35*4
144*
New York Central
Liverpool.
Mon.
Thurs.
8.
d.
14 3
10 8
10 5
11
1
10 11
5 10*2
77 O
48 0
91 0
58 0
58 O
139
68%
35*4
144**
Fri.
8.
d.
3
7
5
1
1011
14
10
10
11
5
77
48
91
58
57
11%
0
0
0
0
6
I
lm,5D80
XOTSMBWt
©0inutctc tal and r^tsccllauecrxts I^euis.
"XATloifii. Bures.—The following national banks were organweek.
ked last
•
»
Moines National Bank of Dos Moines, Iowa. Authorized
oapital, $ 100.003. B. L. Harding, Prest.; W. E. Hazen, Cash’r.
The Second National Batik of Dauville. III. Authorized oapital,
<0“?—The Dee
Kai
Prea’t; Thoa. S. Parka, Caaliier.
Exports for thb Week.—The imports of las
$100,009. Wm. P. Cannon,
Imports and
519
THE CHRONICLE.
1*, 1881]
port and other points.
Our line will run 45 miles in Connecti¬
miles in New York. It will be 14 miles shorter than
the present line, by reason of being laid out so as to avoid the
sharp turns and on t-of-the-way corners that make the present
line of the New York & New Haven road a marvel to engi¬
cut and 17
*
*****
neers.”
“Oar maximum grade will be only 40 feet to the mile, so that
we shall be able to make quicker time beside running less risk
of accidents over half a dozen draws. There is business enough
The New York & New Haven Com¬
support the new line.
to
compared with those of the preceding week, show pany is running trains with great frequency, and it carries
increase in both dry goods and general
merchandise. about 100,000 tons of freight a mouth. It carried over 3,000,000
The total imports were $7,817,024, against $7,580,223 the pro¬ passengers last year, and there is complaint that it was notabla
to meet fully the demands of business upon irs facilities.
As
long week and $10,214,552 two weeks previous. The exports we calculate
to save at least half an hour in time, besides touch*
for the week ended Nov. 8 amounted to $6,029,302, against ing the big places directly, instead of by feeding branch roads,
think there is a fair prospect of our securing business. We
|5,910,615 last week and $6,590,674 two weeks previous. The
can make a profit of 10 per cent oa one-quarter of the business
following are the imports at New York for the week ending
week,
we
goods) Nov. 3 and for the week ending (for genera:
merchandise) Nov. 4; also totals since January 1:
(for dry
YORK.
FOREIGN IMPORTS AT NEW
For
Goods
Gen’lmer’dise..
Dry
Total
Since Jan.
1.
Dry Goods
Gen'l mer’dise..
1881.
1880.
1879.
1878.
Week.
$1,336,871
3,742,965
$1,275,153
5,222,388
$l,226,97o
7,251,375
$1,882,726
5,934,298
$5,079,836
$6,497,541
$8,478,350
$7,817,024
$67,9IG,777
$81,485,430 $110,539,217
1-0.956.601
199.808,868
$98,052,333
275,085,485
311,310,205
£248,867,381 $281,291,298 $421,849,422 $373,137,818
Total
now done by that road.
Our capital is $6,000,000, and we an
capitalized at one-third less that any other road running in that
direction.”
Denver & Rio Grande.—This company has completed and
opened for business the San Luis Valley Branch, which ex¬
tends from Mears, Col., on the Gunnison Division, 228 mile*
from Denver, southward to Villa Grove, 19 miles.
The Blue River Branch has been extended from Robinson
Col., northeast to Wheeler’s, nine miles, making the branch 2k
miles long from Leadville.
On the Eagle River Branch track is now laid to Eagle Park,
Col., seven miles from the late terminus at Mitchell, and 20
miles from the main line at Malta.
Louisville New Albany & Chicago.—On this company’s
Chicago
& Indianapolis Air Line grading is now completed,
of dry goods for one week later.
from Delphi, Ind., southeast to Sheridan, about 40 miles, leav¬
The following is a statement of the exports (exclusive of
ing only 25 miles to reach Indianapolis. The right of way is
specie) from the port of New York to foreign ports for the cleared from Sheridan to Broad Ripple. Two gangs of track¬
week ending Nov. 8, and from January 1 to date:
layers have begun work at Frankfort, going in both directions
from that place.
EXPORTS FROM NEW YORK FOR THB WBBK.
—The attention of the banking and investment interests is
1881.
1880.
1879.
1878.
called to the card of Messrs. Barker & Tinker in our advertising
$6,029,302 columns to-day.
$6,055,705
This firm, recently organized, is composed of
$6,391,896
$6,819,600
For the week...
Prev. reported.. 291,625.474 295,228,857 352,142,847 325,130,350 capable and live business men, Mr. F. D. Barker, a member of
the New York Stock Exchange, having had considerable experi¬
Total s’ce Jan. 1 $301,017,370 $302,048,457 $358,198,551 $331,159,652
ence as a broker in Wall Street.
The firm will pay striti
attention to the buying and selling on commission, for cash ot
The following table shows the exports and imports of specie
on margin, all stocks and bonds dealt in at the Stock Exchange.
4 the port of New York for the week ending Nov. 5 and since
—The attention of the cotton trade is called to the card in
January 1,1881:
to day’s Chronicle of Messrs. Ewen Brothers, cotton broker^
EXPORT8 AND IMPORTS OF SPECIE AT NEW YORK.
in this city. The gentlemen composing this firm are active and
enterprising, and possessed of large experience in their line of
Irnpot'ts.
Exports.
In our report
of the dry goods trade will be found the imports
Gold.
Week.
Since Jan. J
$68,160
9
Great Britain
Prance
Germany
West Indies
Mexico
South America
All other countries....
Total 1881
Total 1880
Total 1879
Silver.
Great Britain
France
$32,359,231
$
3 893,671
6,500
294.300
9.186,033
2,000
98,2D*
2,226,509
280,8! 8
71 0,635
2.046,539
2,307
•
10,000
253.706
102,075
$10,000
1,750
$395,r00
102,506
$432,441
2,165,723
2,063,138
$8,763,135
35,953
241,200
38,444
4,099,598
170,226
5,216
4,345
8,014
21.7«l
$187,831
58,616
$2,-4uo, 4-<
4,242,139
76.121
11.183.967
157,272
7,086,767
i
for the week in 1881, $409,987 were
American silver coin. Of the
time $10,000 were American gold coin and
Of the above imports
American gold coin and $11,958
•xports for the same
$3,000 American silver coin.
Auction Sales.—Messrs. A. H. Muller & Son
sold the follow¬
ing at auction:
Park North & East
River RR
131%
50 Great Western Ins
75
Firemen’s Fuud Ins. Co.
(receiver’s certificate, 70
per cent paid) for
...$11
11 Home Ins. Co. ofN. Y
155
11 Knickerb’ker Fire Ins. Co. 56
20 Iron Steamboat Co
52
’BANKING DEPARTMENT.
Office
of FISK
No. 5 NASSA U
Brooklyn
City &
Newtown RR. 1st 7s. due
1890
106% and int.
Hoboken City 7s,
115*4
water, due 1893
2,000 Harlem River & Portchester RR. 1st 6s, re#.,
due 1903
115*2
2,000 Harlem River & Port1,500
cbester RR.
duo 1903
Sc
HATCH,
STREET,
New York,
1881.
letters of inquiry as to the terms on wliich w#
deposit accounts of banks, baukeri, business thins and indiY
iduals, we issue this circular for the general informati n of those wbc
may desire to open accounts with a private bankin' bouse in this city.
We are prepared, on the terms mentioned below, to receive »hn
accounts of responsible parties in good standing.
1. Except in case of banks, savings banks, or other woU-kn >wn corpor¬
ations, or of individuals or Arms whose character and staudiug arc
already known to us, we require satisfactory references before opening
In answer to numerous
receive
an
account.
a low interest at the rate
of 3 per ceut per anuun on the average
mont’dy balances when the same amount to $1,000 or over. On ac¬
counts averaging less than $1,000 for the month we allow no interest.
Bonds.
1st 7s, reg.,
129*2
Chicago Milwaukee & St. Paul.—The extension of the
Southern Minnesota Division from Dell Rapids, Dak., south¬
ward to Sioux Falls, 19 miles, is completed. The extension from
Madison, Dak., west to Howard, 22 miles, is nearly done.
Connecticut & Western.—One of the directors of this road,
•Aid to a Boston Herald reporter : “ We propose to build a new
road on a direct line from New York to New Haven, not far
from the present line of the New York & New Haven Road, but
further from the shore and straighter, so that we shall go
directly through the main places rather than some distance
Away from them, as the present road does at Norwalk, West-
BANKING AND FINANCIAL.
2. We
$15,000
has been
156,424
29,799
.Co
Preiu. 5
}4Tradesmen’s
Nat. Bank... 120
10 Central
—A dividend of $30,000 for the month of October
declared by the Deadwood-Terra Mining Company.
20,065
241,735
725,911
1,119,820
$9,384,738
4,857,693
,
$3,875,000.
$210,425
$
declared
date of
—The Ontario Silver Mining Company of Utah has
its dividend for October, $75,000, making a total to
46,252,386
56,923,458
695,956
$±9 / ,.)U >
26,500
Shares.
50 North River Construction
business.
$671,970 $50,712,439
272,350
270,809
10,204
Germany
West Indies
Mexico
fikrath America
All other countries
Total 1881
Total 1880
Total 1879
Since Jan. 1
Week.
3. We render
last
accounts current,
day of each
4. For
and credit interest as abeve, on
month.
parties keeping regular
deposit accounts with us we
the
colled
railroad and other coupo is and dividend*
payable in this city, without charge; make careful inquiries and give
the best information we can obtain n?«'»ectitiir investments or other
matters of financial interest to them; and in general ser\ e their iuterestc
in any way in which we can be of use to them in our line of business.
5. We do not discount or buy commercial paner, but are at all time*
prepared to make advances to customers and correspondents on U. S
bonds or other first class aud marketable securities.
6. Ail deposits are subject to check at sight without notice.
and credit United States,
Exchange, aud wc
telegraph iu person for
Commission.
all issue#
and denominations of United States Bonds for immediate delivery at
current market rates, and make exchanges for Nation il B.iuks in the
Banking Department at Washington, without trouole to them.
our “ Memoranda Concerning Government Bonds” will be sent port-
One of our firm is a member of the New York Stock
give particular atentiou to orders by mail,
or
the purchase or sale of Bonds aud Stocks on
We continue to buy and sell direct, without commission,
paid ou application.
F»K|& HATCH.
i
THE CHRONICLE.
520
1881.
Nov. 5.
^Ixje fSJauhjers' (&nzctU.
The following dividends have recently been announced:
Legal tenders.
Dec.
154,600
20.008.400 Tuc.
60,400
292.082.500 luc. 4,013,700
440,600
15,211,800 Dec.
Ijegal reserve.
$73,020,625
Railroad*.
Cleve. Sc Pifctsb., guar, (quar.)
North Pennsylvania (quar.)
Rank.
Nassau
•
When
Books Closed.
Payable.
(Days inclusive.)
8urplus....
1 Nov.
25
11
to
Dec. 1
1%
Dec.
Nov.
3
Nov.
10 Nov.
3
to
Nov. 0
1%
NEW YORK, FRIDAY, NOVEMBER 11, 1881-5 1*. HI.
The Money Market and
Financial Situation.—The state¬
country on
the first of October, 18S1, ha-s been issued by the Comptroller of
the Carrency, and is given below, in comparison with the cor¬
responding statement for June 30. There is a further growth
in the aggregate resources and liabilities of about $33,000,000 ;
the increase in capital is about $3,600,000, and in national bank
notes outstanding about $8,000,000.
The items of gold coin and
legal tender notes each show a decrease.
The following is the abstract made to the Comp* roller, show¬
ing the condition of the national banks of the United States
at the close of business on June 30, 1881, and October 1, 1881,
the number of banks reporting October 1 being 2,132:
ment of the condition of the national banks of the
Resources.
Oct. 1. 1881.
Doans and discounts
Overdrafts
June 30,188 i.
$1,160,022,303 $1,140,750,198
4,773,770
363,335,500
15,540,000
40,072.450
61,833,702
132,938,183
78,505,413
10,303,326
United States bonds to secure circulatiou
United States bonds to secure deposits..
United States bonds on hand
Other stocks, bonds and mortgages
Due from approved reserve agents
Due from other national banks
Due from State banks and bankers
Real estate, furniture and fixtures
Current expenses and taxes paid
Premiums paid
Cheeks aud other cash items
47,329,111
6,731,936
4,138,585
14,780,025
180,263,100
17,732,476
Exchanges for Clearing House
Bills of other national banks
Fractional currency
Gold coin
Gold Treasury certificates
Gold clearing-house certificates
Silver coin
Silver Treasury certificates
L
United States certificates of deposit for
legal-tender notes
Five per cent redemption fund
Due from United States Treasurer
Total
47,834,060
4.235,911
4,115,080
13.544,110
143,050,317
374.181
21,632,432
372,140
58,910.308
60,043,276
5,221,800
43,000,000
5,450,387
Legal tender notes
4.238,750
358,287,500
15,265,000
48,584.950
53,049,292
156,258,637
75,703,599
18,850,175
5,137,500 !
1,662,180
56,030,000
6,482.561
945.590
53,153,141
58,728,713
6,740,000
16,115,751
1,356,841
0,540,000
15,720,019
1,522,849
Liabilities.
$163,821,9^5
123,140,617
56,372>190
OtLer undivided protits
National bank notes issued
Amount on hand
Amount outstanding
State bauk notes outstanding
$160,227,835
126 670,517
54,683,492
313,521,770
6,300,918
320,100,960
215,018
3,835,926
1,070,997,531
8,476,689
Dividends unpaid
Individual deposits
United States deposits
Deposits of U. S. disbursing officers
Due to other national banks
Due to State banks and bankers
Notes and bills rediscounted
Bills payable
total
312,223,852
242,067
5,871,595
1,031,731,043
8,972,471
3,631,"03
3,272,610
205,862,945
89,047,471
3,091,105
223,503,03 4
91,035,599
2,220,053
4,064,077
5,160,128
$2,353,387,391 $2,325,833,200
The local money market has shown a hardening tendency for
on stock collateral, and during the last few days'stock
«all loans
brokers have in exceptional cases paid as high as 6 per cent plus
a commission of 1-64 of
1 per cent.
The bulk of business,
however, has been done at 5@6 per cent. On government bond
collateral the
case
has been
bonds offered for loans, and
other
different, and
so
si scarce
considerable
are
are
the trust
the
an
1
funds, &c., loanable only on such collateral, that the rates
actually become easier on government bonds, and call loans
have been made to the large dealers as low as 3 per cent, while
326 to 4 per cent has been the ordinary rate.
The Bank of England weekly statement on Thursday showed
a loss of £133,000 in specie, but the percentage of reserve to lia¬
bilities was 38%, against 37 11-16 the previous week. The dis¬
count rate remains at 5 per cent. The Bank of France gained
10,675,000 francs gold and lost 2,525,000 francs silver.
The last statement of the New York City Clearing-House
banks, issued Nov. 5, showed a decrease in the surplus reserve of
$1,606,125, the total surplus being $3,104,675, against $4,710,800
the previous week.
The following table shows the changes from the previous week
and a comparison with the two preceding years:
have
.
1880.
Nov. 6.
Nov. 8.
$324,370,200
$270,076^800
.$1,010,925
1879.
66,691,700
18,691,800
595,200
$3,104,675 Dee.$l ,606,125
*
33.823,800
22,341,500
307,796,700
11,989,600
$76,949,175
231.927.7C0
23,486,900
$57,981,925
78,681,300
57,310,700
$1,732,125 def. $671,225
Exchange.—Foreign exchange is firmer, and quotations show
advance over last week. The small supply of commercial bills
is considered the principal reason for higher rates. To-day the
actual rates for prime bankers’ 60 days sterling were about 4 81
@4 81% and for demand 4 84/6 @ 4 85.
Cable transfers are
4 85%@4 86 and prime commercial bills 4 79%@4 79%. The
actual rates for Continental bills are as follows : Francs, 5.25
and 5.20@5.20%, marks 94@94% and 95, and guilders 39%@
an
39 11-16 and 40.
In domestic bills New York
exchange was quoted to-day as
places named: Savannah, buying at % off,
selling at % to % off ; Charleston, buying at %@5-16 dis.; selling
par@^ dis.; New Orleans, commercial 300 dis., bank 100 prem.;
St. Louis, 50 prem.; Boston, par to 10c. prem.
Quotations for foreign exchange are as follows, the outside
prices being the posted rates of leading bankers :
follows at the
November 11.
Prime bankers’ sterling
Prime commercial
bills
Sixty Days.
on
London.
Documentary commercial
Paris (francs)
Amsterdam (guilders)
Frankfort or Bremen(reichmarks)
4 81
^4 82
4 80
®4 80*2
4 79*2 3)4 80
5 25%3>5 24%
33% 3»
39%
94
94*4
Demand.
4 8i%31 66
4 *4 '<#4 84*2
4 83*2 34 84
5 20%35 19%
39l5lfi@
94% 3
40%
95%
United States Bands.—There has been a pretty active
business in governr. ent bonds, and the floating sup ply in
i the
market is becoming scarcer. Many of the banks are chai
anging
off their bonds to get the continued fives, which will be called in
a good demand for bonds
savings banks, trust companies, and other financial institu¬
tions. At the Treasury purchase on Wednesday only the insig¬
nificant amount of $2,550 was offered, and unless money grows
decidedly stringent, it is nob supposed that, any considerable
last; and in addition to this, there is
from
amount will be offered next week.
The
closing prices at the 23 ew York Board have been
Interest
Periods.
Nov.
5.
Nov.
7.
Nov.
8.
4*2«, 1891
4*as, 1891
4e, 1907
te, 1907
6s, cur’cy,
68, cur’ey,
6s, cur’cy,
6s, cur’cy,
68, cur’cy,
*
*112
reg. Q.-Mur. HI 2
*1)3
coup. Q.-Mar. *113
116 %
116 V
reg. 4i.-Jan.
coup. Q.-Jaa.
116%
Tins is tlie price bid at tlie morning:
&
116*4
& J. *130
130
1895..reg.
1896..reg. J. & J. *130*2 *130*2
*131
1897..reg. J. & J. *131
1898..reg. J. & J. *131*2 *132
*133
1899..reg. J. & J. *133
board:
Nov.
9.
.
as
follow^
Nov.
10.
No'j.
11.
*101*4 *101*4 *101*4
102
102*8 *102*8
*112*8 *112*8 112*3
6s, continued at 3*2- J. & J. *101*e ‘101*8
102
5s, continued at 3*2-. Q.-Feb. 102
-
$2,358,387,301 $2,325,833,200
Capital stock paid in
Sui plus fund
Inc
76.125,300 Dec.
Reserve held.
Company.
iices fr'm
previous week.
60,913,500
Circulation...
Net deposits .
DIVIDENDS;
Name of
Differ
Loans and die. $313,350,900 Inc .$4,096,400
Specie....—
Per
cent.
[Vol. XXXIli.
o
w
113% 113% 113%
116*2 ‘116*2 117*8
116% 116% *117
*130
*131
*132
*133
no
*130
*130
*130*2 *130*2 *130*2
*131*2
*131*2 *132*2
*131
*134
*134
sale was made.
State anil Railroad Bonds.—In Southern State bonds there
has been les3 activity in the Arkansas railroad bonds, North
special tax, and other low-priced securities, and the
principal sales have again run on the more standard bonds,—the
Tennessees and Louisiana consols. To-day Tennessees sold at
72% for old, Virginia 6^ deferred at 19% “ seller 30,” and South
Carolina 6s non-fundable at 12%.
Railroad bonds meet with a steady and well-distributed busi¬
ness, and the old bonds which are not subject to “ drives,”
washed sales, and other speculative manipulations, hold their
prices very steadily.
Auction sales are given on the preceding page.
Railroad and Miscellaneous Stocks.—The week has been
broken by the occurrence on Tuesday of the general elections, as
election day is now a “bank” holiday in New York and in
several of the other States. The volume of business has not
been excessive, and prices have been quite irregular. The closer
working of the money market has apparently not had much in¬
fluence on prices. A feature of the week’s transactions has been
the temporary activity in specialties, first one stock and then
another.becoming active, with an advance in price, and many of
these the newer stocks which are more susceptible of manipula¬
The gross earnings of the railroads are well kept up, con¬
tion.
sidering the acknowledged decrease in the corn and wheat crops
1 his year, but the earnings per mile frequently show a decrease,
and as expenses are unquestionably larger than last year, the
net earnings per mile would also in those cases show a decrease.
The elevated stocks are all to be consolidated into Manhattan
stock,rof which the total issue will be $26,000,000, in three classes
of first preferred, second preferred and common.
Texas Pacific has been one of the active stocks at high prices,
and the uninitiated are watching for some new development or
consolidation in this extraordinary company.
Taken altogether, the tone of the stock market has been
rather strong and confident, and with the advancing freight
rates on the trunk line roads the conclusion seems to be drawn
that the war is virtually over, and that during the winter season
good prices for transportation will be obtained.
Carolina
.
THE CHRONLOLK.
12,1881.J
November
521
range in prices at the n. y. stock exchange for the week, AND SINCE JAN. 1.
DAILY
STOCKS.
Srtcuruay,
Nov.
KAIE HOADS.
Albany &
Boston
Do
Susquehanna
N. Y- Air-Liuc.....
7.
Wednesday,
Nov. 8.
PRICES.
Thursday,
9.
Nov.
Friday,
Nov. 10.
Nov.
‘ft.
65
For Full
Sales of Range Since Jan. 1, 1881, Year 1880the Week,
Shares.
Lowest.
Low. High
Highest.
63
82
82
82
04 %
64*8
6434
120
63
63%
65
81
81
81%
81%
64%
64%
64
65
300
'
82
04 %
*82
63%
65
’538
9,160
&. Minnesota
entral lowa.....
Central of New Jorsey
Central Paeihe^
96%
95% 96*2
90
95% 96*4
29
29 *2
*28a4 29
40 >4 4 03;
41
41
30*2 30%
30% 30*2
*131
131*1 131*2 132
95%
95 a*
Chesapeake & Ohio
1st pref
2d pref
Do
Do
Alton
.
Do
pref
rhica/ro Burlington A
138*4 139*4
i40*4
& Eastern Illinois
Milwaukee & St. Paul.
108 *a 109*4
108% 109%
pref.
Do
Northwestern
Do
pref...
Chicago Rock Isi. <ft Pacific
Chicago St. L. A New Orleans..
Chicago St. Paul Minn. A Oiu..
pref.
Do
126*2 127*2
13934 13934
135*2 135 3;
82
41*2
103
55
85*,
413.
103-4
14
95%
95%
86
96% 97%
9534 97%
29 % 29*4
41% 41%
31*4 31%
133
134
140% 143*4
143
108% 108%
108 a4 10934
122
123
122
122
126 34 127»4
140
140
135
135
*84
86
41% 41%
103% 103%
4134
103
55
*
r
12734 129%
42%
103*4 104
58a4 5934
93% 9334
93%
*29
97%
97*.
29%
4034
*30%
134
41
31
13 4%
143% 1143,
109%
123%
128%
142%
135 a4
110%
125*4
12934
144
137 *4
41**4 42%
103% 104
58
59
93%
vx....
21*4
127% 128-%
*2*i% "22%
i.28% i‘28%
2134
93%
13834
22%
127% 128%
84% 85%
83%
86
85 34
86
86%
16*4
27%
17
28%
16%
17
16%
86
17
27%
28*4
27%
28
64
64
96%
96%
96%
96%
96%
96%
86
114, 114%
114
132% 133%
51 a4 53%
133% 137%
52 a4 55
47
114
47
47
121
12234
55% 55%
Long Island
9(5*4
96*4
32,055
39,400
1,555
1,245
518
Do
pref
95*8
95*2
95*4
96
67*4
52*4
25*2
95 *a
69
95%
67*4
51*2
25*2
69
70
71
52%
23%
53
23*4
52%
22 34
58%
223.,
18
18
18
18
13
18
47
121% 122%
86
6
114
114
87
135
87
136%
53% 54%
19% 19%
4534 46a4
121% 122%
1,800
5,005
100
12,700
13,052
310
1,000
82,737
55
55
963*
75 '
96
79
93%
SO
7,250
767
00%
o 1 *’4
59
27,245
23*4
23%
56%
23%
10%
10%
95%
74%
'
Memphis A Charleston
Metropolitan Elevated
Michigan Central
97 *-4 101*2
:—
Milwaukee L. Sh. A West., pref
Milwaukee A Northern
Missouri Kansas A Texas
Missouri Pacific
Mobile A Ohio
Morris A Essex
Nashville Chattanooga A St. L.
New York Central A Hudson
New'York Elevated
New York Lako Erie A West..
Do
pref.
New York Nowr Haven A Hart.
New York Ontario A Western
..
Do
180
Do
Philadelphia A Reading
Pittsburg Ft. Wayne A Cliic
..
pref...
A Manitoba.
Toledo Delphos A Burlington
Union Pacific
Wabash St. Louis A Pacino
Do
..
pref.
IHJSCEEEANEOUS.
American District Telegraph
..
A Hudson Canal
.......
West.Uniou Tel., ex-certificates
EXPRESS.
American...
United States
!.!!!!."”
Wells, Fargo A Co
:...
t
COAL AND MINING.
Colorado Coal A Iron
Consolidation Coal
Bomestako Mining
.Cittle Pittsburg
Alining
Mariposa Land A Mining....
Maryland Coal
Ontario Silver Mining
Quicksilver Mining
Do
pref
Standard Consol. Mining
,
Central Arizona Mining
Deadwood Mining
7
....
Excelsior Mining
New Central
Coal........!.]."
Robinson Mining
*dver Cliff
Mining
gtormont Mining
*
These
are
55
40*4
106
38*4
78
99
93%
94%
94%
95%
52
52
52
52 %
43 *•
107
44%
43
39
44*4
106% 107
38a4 39%
125% 125%
84*4 84%
139% 140%
139
109
110
47m 48%
91%
109% 109%
47% 48%
91% 92%
33%
170
170
32 34 333
9034
55
40
81%
27%
27%
42*2
42%
42%
25
25*2
2534
41
42
68*2
138
"41*2 ’41*2
110*4 115
29*2 31
54
140
453j
70*2
107
46*4
71
107
109
110
54 % 57*8
24*4 24*2
120% 121*4
48
48%
89% 90*4
58
'41
140
41
115
43a4
106%
38%
126
107
39
126
.84
84%
139% 140%
109
109%
47% 47%
92 % 93*4
*170
33*4
174
33 a4
44
106% 106%
38
39
126*4 126*4
-*4% 84%
138% 140%
109
2,000
11,830
33.700
3,000
46*4
92%
170
88,220
14,900
12,126
GOO
3,900
47%
28,764
1,925
261,648
93%
12,863
109 >4
170
72
32%
33%
24,611
*74
133
51*2
57%
40%
56%
40*4
82%
28
82
27
*42
423„
26
82
56*4
41*4
13,047
38,115
27%
-42%
67%
41%
21934
110
110a4
57*4
59%
35
35
24*4 24%
120% 121
48% 4834
28
82%
2734
42*4
42%
42
42 %
1,750
27%
26%
27*4
27
28
6,100
44*4
43%
68%
44 *4
42%
68%
68
43%
68a,
68*4
137
139
43
43
89%
90%
46%
47
71
7 L
103% 108%
30% 31
76% 76%
110%111
5934
46*8
109 34 10934
*38
172
172
4 4 34 4 5 %
131%
130% 130%
87
150
*
76
135
52%
87%
76
52%
53%
20
19%
19%
4634
46a4
108% 108%
77
113
58
34
75
*134
5234
*18%
*35
169
45
*2%
23
36
14
61
15*4
*22*a
38
1%
61
23
39%
1%
36%
15
15%
40
61%
22
40%
*1%
*63*
1*3
1%
%
10%
* 12%
9%
200
59*4
3434
4934
90%
....
170
45%
112% 112%
5634 58
34% 34%
24*4 24*4
120% 121%
49
49%
89*4 90 3C
*22
*36
15
40
1%
1%
1%
88%
73*4 73%
133% 133%
53
*33
*18
*36
16*4
63
21%
40*8
*1%
*7
7
3.
10
tlio prices bid and asked—no Bale was made at the Board.
%
9%
%
*10%
Jan. 14
45
May 23
Feb. 17
82% Jan. 4 112
80 % Feb. 25 102% June 18
20a4Jan. 19
32a4 Jan. 12
23
Jan. 25
33% May 14
48% May 14
36% May 14
Aug. 20 156
Mar. 23 153
Oct. 20 182%
90
Apr. 21 95
101% Feb. 25 129*4
11634 Oct. 12 140
117
Feb. 25 136
140
136
Jan.
Jan.
37
61%
50
40
14
25
45
63'
15
80%
81%
29
37
90*4
97%
2534
36*4
27%
99% 159%
17
5
7 117
Jan. 17 113
160
133%
May 17
73%
*33
2%
tl%
26 a4
9%
37
16%
63%
21%
40*4
1%
7%
1%
26 34
10
fo
*873,
148
96
73%
135
*18
*2%
2,342
68,430
300
900
60,597
50
627
220
5
7,788
....
20
*35%
"io 6
Aug. 26
3234 Jan. 13
64 *8 Jan. 25
23*8 Jan. 5
35*8 Aug. 22
9734 Jan. 8
18
190
16%
63
22
40
64
22
40
1%
*634
1%
1%
10%
50
127
130
35
Jan.
7 146
Oct. 10 80
5734 102
99% Oct. 20 11934 Nov.
-
35
42
42% 112
25% 48
33
65
100
60
40
25
50
79*4
88
67
19 7,
15
30* "47%
80
26%
51*4
50
60
74*4 Feb. 12
4 115*4 Mar. 7
June29
Jan. 15 49
Jan.
3 190
Nov. 4 62*4
127% Oct. 21 151
1
Feb.
5
2%
77
Apr. 9 94
129
7
June 18
25 % Aug. 26 50
25
Apr. 1 50% June 3
39
Feb. 28 77% May 12
86
July 19 14334 May 25
55
Junel4
Mar. 24
39
81 *4 June 3
61
Jan.
4
90
Feb. 25 115%June29
Feb. 9 42% May 4
26
70
Mar. 8 89% May 25
Nov. 10
88% Jan.
7 13
11334
48
88%
81
A ug. 2
25
Feb. 21 102
147
62
Jan.
3 107% 146
%
4%
Apr. 13
June20
27%
Feb. 18
112
Jan.
4 142
Oct. 18 106% 122
66 34
54
42
55
118
June 18 100
35
Jan.
3
67
June
30
Oct, 15
43
Jan. 15
62% Jan.
51% Jan.
5 153
97% Oct. 26
77
Oct, 26
6
4
7
1,6*50
5%Sept.l7
% Nov. 9
14
7
5
4
20
25
Oct.
27
7
6
9*4 Nov. 9
3% Jan. 11
1 % Fob. 28
19%
28
26
29*4 Jan.
8*4 Feb.
15% July 15
160
t Assessment paid.
36
67%
28%
44%
14
23
JunelO 111
June23
4534 May 26
12,136
20
39%
Oct. 13
Aug. 6
Apr. 27
1% Nov. 9
150
11,000
32%
85%
28%
57*4 June 22 18
74 a4 Oct.
4 13% 72%
142
112
129
Jan. 19
May 17
21
25
3,000
51%
03*180
4
Feb. 25
34 J an.
Oct.
8
33% Jan. 10
12% Sept. 7
63
Jan.
5
300
60
4.800
50%
27*4 Jan.
4
7
9
Apr. 22
35
May 27
38% June 10
21% July 7
75% July 7
160
10
May 26
Mar. 17
88*8 June 24
37% May 21
60
Sept. 9
126
May 21
37% June 10
Oct, 12
Oct. 17 200
l%Jan.
2%
36
16%
70
51
53
Jan.
131
22%
41*4 July 26 52% Jan. 15 30
Jan. 10 47
80% July 27 95
June 13 155
164% Mar. 25 190
27 % Aug. 22 43% Feb.
2
70
May 14 90 Jan. 29
23% July 14 26
Aug. 2
120
87
170%
4634
Sept.ll
»
% J an.
45
Nov. 10
94
Feb. 26 121
Sept. 17 63% 105
197 ! Jan.
8 250
May 23 158 200
63
Feb. 26 106
June 18 4934 91 %
124
Jan.
4 146% May 21
99% 127%
38% Aug. 18 57 % May 19
Jan.
14
10 30*4 Juuo 2
9
20%
41
56
Jan. 27
25
Jan.
4
43%
42
38% Jan. 4 6534 June 2 20*4
34
117
Oct. 12 13534 Jan. 20 95
139%
44
63
June30 20
24
June 4
Feb. 21
16% Jan. 26 38
J une 22
48
June23
42
79
Feb. 25 110% May 18
174
77
50
Oct. 27 117% Junell
30
109
Nov.
59
11
21
57%
15*4 Aug. 9
50
18
Oct. 10
30
59% May 26
24
18
J an.
4
9
334
May 2
6
Jan.
7 15
2% 12%
May 21
41
Feb. 18
93
June 13 29*8 43
121
7734 Sept, 5 126 Feb. 14 83
6 126% Jan. 20 75
86
Oct.
130%
42
Mar. 22 64% June 2
59
Nov. 5
39
May 27
36% Oct. 6 54
May 21 28*8 49*4
85
Jan. 28 114% Junel4
29*4
18*4 Feb. 26 39a4 June23 12
Juno 3 100
123
118
Feb. 25 131
Mar. 21
63
J an.
6 102
47% 128
Jan.
3 122
135% Oct. 19 155
155%
96
137*4
Aug. 25 130% Feb. 15 109
89
30
135
44
*40
170
64
4 350
Nov. 10
46
53 %
20
1.250
64
4434Jan.
llo
25
61%
*2134
90
6,270
135
36%
16%
63
22
40%
71% July 13
48% June 15
90
May 26
40% June 20
Jan. 18
Feb.
5
120
Oct. 13
16
31
51
51
135
19%
May 16 100
5534 Oct. 12
110*4 111
*143
*143
146
96
95 % 95 %
53
Feb. 26
Feb. 24
131
30
155,275
41% Jan. 4 47*4 May 23
34
1,100
Nov. 10 73% June 14
20
Oct. 29 38
3,300
May 13
64,304 105% Feb. 25 13134 July 2
39
Feb. 25 60
83,148
June80
41,902
77
Feb. 25 96*4 May 16
2%
*36
61%
*21%
113
3,400
1,205
1,354
1,200
131
87%
46%
71
109
78%
'"i%*"i%
*2%
23
36
46%
71
109
148
97
75
*34
*18
**600
55
*143
97
119
1,600
11,055
53
55
88
118
43%
53
110% 101%
87 %
43%
2,209
109% 110%
1 %
87
95*4
36
25
31
1*2 i%
169%
4534
*129% 131
14,265
16,460
31
120%
49*4
89%
*39
169
45
6,850
19
139
24% 24%
119% 1203.,
48% 4934
89% 90%
58
47
170
*133
43*4 43%
116% 117% xllt%118
58
6,675
56%
41%
83%
28
57
41%
82%
140
46% 47
71
71
108% 108%
*144*2 148
95*4
56%
40*4
4134 4234
67% 68%
139*4 139*4
1 %
86 34
57%
40%
82%
27%
42%
54
7;.
.
76
76
100 % 103:
800
300
78*4
101%
94
95%
52*4 53%
76
101*4
435
100
82%
4434
S atro Tu n u e 1
Coal
43
27
167
Pacific Mail
Pullman Palace Car
Cameron
903/
109% 109%
New York A Texas Laud
Oregon Railway A Nav. Co
c.
47*2
9034
68*4
...
A.
47
42%
l^O
170 ' *170
33
32 34 33
138
Rensselaer A Saratoga
Rich.A Allegh., stock trust ctfs.
Richmond A Danville.
Rochester A Pittsburg
Rome Watertown A Ogdensb’g
St. Louis Alton A Terre Haute.
Do
pref.
St, Louis A San Francisco
Do
pref. .
Do
1st pref.
St. Paul A Duluth
Adams
140*8 140%
110
110*4
82*8
Panama, Trust Co. certificates.
Peoria Decatur A Evansville...
Delaware
513,
39
42%
105 78 106 h
38
38%
55
40
pref...
—
Do
pref
Ohio Central
Ohio A Mississippi
Do '
pref
Ohio Southern
Do
St. Paul Minneap.
Texas A Pacific
Texas A St. Louis
95
51*2
39
41*4
76
98
23%
pref.
Norfolk A Western
Northern Pacific
94%
75
76
98 % 100
94% 95
51% 02
.
34,597
June 6 66 % 11434
3,412
124%
May 26 99
Jan. 19
69,090
87% 130
5,995 131*8 Feb. 26 147% Jan. 17 104
346%
3,102 129
Feb. 26 148% May 21 .00% 204
40
Jan.
4
88
2,422
48
May 23 22
Jan. 22
7,850
36% Aug.22 51
91
11,300
Fel). 25 109% Jan. 24
41 % Feb.
10,200
1
68% June 22
81
Feb.
25 101 a4 May 23
61
4,259
96%
142
127*4 Jan. 29
May 10 106 34 129%
4,910
9%
1834 Aug. 20 32% Mav 20
25*8
60
53
May 24 50
May 12 77
Mar. '
82,470 107 Jan. 4 131
68% 110*4
174,470 78% Oct. 12 113*4 June
61% 86%
100
Juno 14
60
83
76% Apr. 8 88
13
35,084
Sept.22 21 Aug.
25
33
Oct.
11
8,500
Aug.
Louisiana A Missouri River....
Louisville A Nashville
Louisville New Albany A Chic.
Manhattan —•
Manhattan Reach Co
Marietta A Cincinnati, 1st pref.
Do
2d pref.
37
69
1,470 127
13,880
Jan.
26% Oct. 13
45
Apr.
•
42
42%
103*4
140
"2l"
145
140% 143%
134% 135%
69
93%
‘
*215
Harlem
-----89% 89%
Houston A Texas Central
132*4 132 78 *132% 132%
Illinois Central
50% 51%
48*U 51
Indiana Bloom’n A West., new.
19*3 19%
1978 19%
Keokuk A Des Moines
Do
pref
47
47*2 47*2
47*4
Lake Erie A Western
122*8 123*4 121%123
Lake Shore
29%
41
31
132*4 132*4
i
55
50*4
65%
Cincinnati Sandusky A Clev....
*94
95
94*2 90
Cleveland Col. Cin. A Ind
239
140
Cleveland A Pittsburg guar....
21 *4 21*4 "21*4 21%
Columbus Chic. A Iiul. Central.
70
70
Danbury A Norwalk
Delaware Lackawanna A West. 127% 128% 127% 128
81
83 34 85%
% 83 3*
Denver A Rio Grande..
*80
Dubuque A Sioux City
14% 14%
14% 16%;
East Tennessee Va. A Ga
26% 27a4
25% 20
Do
pref..
Evansville A Terre Haute
96
96*4 96%
963*.
Hannibal A St. Joseph
114
113*2 11334 114
Do
pref
96%
41
*30
126% 127%
139% 140
13534 13534
86
95%
29%
*140
Quincy..
Chicago A
Tnesday,
LOWEST
Q3G
63
prer...
Panada Southern
Chicago
Chicago
Nov.
AND
125
& Western..
Burlington Cedar Rapids & No
Chicago <ft
Monday,
5.
-..
Buffalo Pittsburg
Cedar Falls
HIGHEST
.
Feb. 17
Feb. 14
Jan.
3
8
Jan.
35*4 Feb. 9
13% Oct. 29
7
Apr. 33
4
Apr. 13
,
1%
2%
42%
39»4
39
30%
4%
16
30
27
9
45
24%
78*a
20
2
11%
6
20
3934
34
21%
25%
25%
35
2%
6%
2*a
4%
QUOTATIONS OF STATE AND
Bid.
SECURITIES.
Alabama—
Class A, 3 to 5,1900....
Class A, 2 to 5, small....
Class B, 5s, 1906
Class C, 4s, 1906
6s, 10-208, 1900
19
105
107
111
111
116
Connecticut—6s, 1883-4..
Ooorgia— 6s, 1886
7s, new, 1886.1
7s, endorsed, 1886
7s, cold, 1890
Louisiana—
78, consol., 1914
7s, small
120
,
69%
Atch. T. A S. Fe—4*2,1920
102
Atl’c A Pac.—1st,6s, 1910 101*8
Balt. AO.—1st, 6s, Prk.Br. *112
66
Bost. H. A E.—1st mort..
102*2
Bur. Ced. R.A No.—1st, 5s 101H;
Minn.A St. L.—lst.7s,gu
Iowa C.A West.—1st, 7s *105
105
116
C.Rap.Ia.F.A N.—1st,6s
7s. ’90
Central Iowa—1st,
102
84 78 86
101
ioo*
2d, guar. (188), 7s, ’98.
Miss.R.Br’go— lst.H.f. 6s
O. B.AQ.—8p.c., 1st m.,’83
Consol mort., 7s, 1903..
5s, sinking fund, 1901..
125
Keo.A Des M.—1st, g.,5s
Central of N.J.—lstm.,’00
1st consol., assented, '99
103*2
125
118
assented, 1902...
Adjustment, 7s, 1903...
Len.AW B.—Con.g’d.as.
Am.
1893..
I. A M., 1897....
lstm., LaC. Div.,
1stm., I. A D., 1899 ....
1st in.. C. A M., 1903....
Consol. 7s, 1905
2d mort., 7s, 1884
1st, 7s, I.A D. Ext., 1908
S. W. Dlv., 1st, 6s, 1909.
1st, 5s, La. A Dav., 1910.
118*2
114% 115
113Hi 114
107
106
109% 110
137
136
Con v.,
2d m., 7 3-10. P. D., 1898
1st m.,7s, $ g., R.D.,1902
105*4
*100
103
105
132
120
121
121
*.
121
121
135
121
123
.
107*4 107*2
Lake Shore A Mich. S.—
Mich. So. A N.I. s.fd. fs 108
Clevo. A lol.- Sink. Id.. *108%
New bonds, 7s, 1886.. *107
Cleve. P. A Ash - 7s —
Buff A Erie- New bds. *123*2
Buff. A State Lite- 7s..
Kal. A W. PigcoL—1st .
Det. M. A T.—1st ,7 ft, 1906
123
Lake Shore—Div. bonds
131
Consol., coup., 1st., 7s
129
Consol., reg., 1st. 7s...
Consol., coup., 2d, 7s.. * 126
Consol., reg., 2d, 7s ...
Louisv.N.Alb.AC.—1st,6s
Manliat.B’ch Co.—78.1899
127
N.Y.A M.B’h—1st,7s,’97
107% Marietta A Cin.—1st, 7s..
mort., 7s, 1885
Coupon gold, 7s, 1902... *125
*....
Reg., gold, 7s, 1902
107 A4
Sinking fund, reg
Sinking fund. 5s. 1929..
Sinking fund, reg
Iowa Midl’nd—1 st m., 8s
m., conv.
......
111%
104%
125
123
iio
91%
91%
127H;
126
105
*57*2
117
*•
Clev.APittsb.—Cons., s.f
4th mort., 6s, 1892
Col. Ch.A I. C.- 1st, cons
2d con., 7s, 1909
1st, Tr’t Co. ctfs., ass’d
2d, Tr’t Co. ctfs., ass’d
1st,Tr’t Co.ctfs.,suppl.
St. L. V. AT. H.—1 st.g. ,7 8
2d mort., 7s, 1898
2d m..gnar.,
......
78
92
92
(Broker's
100
i'40
139
1333,
......
128
*124
108
105
Long
7s, 1898.
106
18
85
24% 29
112
115
110
91% 93
Island—1st mort..
2d mort
13%
8%
20
50
14
88%
27
15
14%
10
27
55
18
90
34
20
89%
108
106
110
109
77 % 78
40
44
•
_
iio
105% 106
106
.
.
.
******
103% 103% Oregon RR.ANaw—1st, 6s
10334
INCOME BONDS.
*
......
94 *n
104*4 (Interest payable if earned.1
109% 109% Norf.AW.—G.l.m.,6s,1931
1st, consol., 7s, 1910
120
Ala. Cent.—Inc. 6s, 1918.
Denv. So.P.A Pac. —1st, 7s 103% 104% Ohio A Miss.—Consol, s. f. *119%
Atl. A Pac.—Inc., 1910..
Consolidated 7s, 1898... *119
87%
K.T.Va.AGa.—1st cons. 5s
Central of N. J.—1908—
2d consolidated, 7s,1911 *122
Erie—1st mort., extended. *126
118
Chic.St.L.AN.O.—2d,1907
lstm., Springfield Div.. 117
2d mort-, ext’d oh, 1919 * 106
Col.Chie.AI.C.—Inc.7s,’90
Ohio Cent.—1st, 6s, 1920. 4. 99% 100
I 104% io*5
crmt Tti.—C’nnn.deb.cevt*.
1
1 on
1«tw., T#>rM Tr„
1 pop
r.o.pton 1 7
4th mort
2%
115
110
102
16
80
7s
Ex-land grant
Stock
Kansas A Neb.—1st mort.
2d mort
Southern Securities
(Broker's Quotations.)
.
*4 6”
-47"
101%
-
* N# price Friday—these are
-
2%
stock
Gr. Rapids A Ind.—1st,
1st mort., 7s, guar
..
-
85
40
45
52
Chic.A Can.So.—1st, g., 7s
Cin. Ind. St. L. A Chic.—
*101% 101%
1st mort., 6s, 1920 .. ...
110
Des M. A Ft. Dodge—1st,6s
84
85
Galv.H.A Hen.—7s,g.,’71
*118
St.P.Minu.A Man.—1st,7s
2d mort., 6s, 1909
.
99%:
89%
••• —
114
110
1894.
94
98
89
*4*6*'
Quotations.)
Bost. Har. A E. new
......
Pac.—1st, 68,g.,1920
41
81
81
44
*80
Miscellaneous List.
..
Pac.—G.l.gr.,lstcon.6s
Registered 6s, 1921
54
49>
48%
B.—Inc.6s,1910 30
Dayton Div.—6s, 1910.. *30
Tex.ASt.L.—L.g.,inc.l920
X
-
*63%
100
N.
63
62
55
107
Stock
Rich. A All’g.—1st,7s,1920 105
*100
102 7h N.Y.AG’nw’d L.—1st,7s,n
Rich. ADanv.—Cons.g., 6s. 102%
108
108
2d mort
100% Scioto Val.—1st, cons., 7s.
117
St. Joseph A Pac.—1st m.
104% St. Louis A I. Mount.—1st *115%
10834 109%
2d mort
2d mort., 7s, 1897
106
St. J os. A West’n—Stock.
Arkansas Br.—1st mort. 112
111
34
Tex. A St. L.—1st, 68,1910
Cairo A Fulton—1st m..
Utah Central—1st mort.
Cairo Ark. A T.—lstm. 112
123
87
87%
Utah Southern—1st mort
G en.c.r’y A l.g.,5s,1931..
114
Wis.Cent.—1st series, new
103% 10334 St.L.Alton A T.H.—1st m. 108
il2%
2a series, new
2d mort., pref., 7s,
93
107
2d mdrt., income, 7s, ’94
122
116
Belleville AS. Ill.—lstm.
104
103
.
72%
61%
Tol.Del.A
......
* And accrued interest.
72
......
Plain Income 6s, 1896..
Sterling Mtn. R’ylne.,’95
St.L.A.AT.H.—Div. b’mls
..
Price** nominal.
*96*' *9*7%
Midland of N.J.—lst.uewPits.B’d.AB.—lst,6s,19i 1
*96 % 97
Rome W.AOg.—Con., 1st.
Income, “A”
102 s4
101
Roch.A Pitt.—1st,68,1924
Income, “B”
103
70
103
77%
Pitts.Ft. W. A Ch.—1st m
2d mort., 7s, 1912
3d mort, 7s, 1912
m
105
107%
1st.Rio
124
103”
98
80
St’gl.AR’y—Ser.B.,ine.’94
'95
i04*4
*8if*
55
1920
So.—
1st, 7s, pref.. int accura.
2d, 6s, int. acc’inuiative
106
*102
G.Div.,6s,1930
Pennsylvania RR—
Pa. Co’s guar. 4*281st c.
Registered, 1921
75%
......
St. Louis I.
115
107% 108
115
114
......
*
7s, ’99
_
111
Consol., 6s, 1905
Ineoipe A I’d gr., reg.
«
•
105
65
85
90
W.B.Coal—18
2d pref.
3d pref.
......
N. O.
......
100
66
Laf. Bl.AMun.-Inc.7s, ’99
Mil. L. S. A W.—Incomes.
Mob. A O.—1st pref.deben.
,
Rens. A Sar.—1st. coup. *134
1st mort., reg., 1921 ..
Denv. A Rio Gr.—1st, 1900 114%
*••••*
Sand’ky Div.—Inc.,
•
.....
registered
Lake E. A.W.—Inc.
Chicago A Mil.—Int m.. **”■
Dakota Ext.—6s, 19l0
98
i'oo
Winona A St. P.—1st m. 109
100*8 St. P. A Dul.—1st,5s, 1931
*
120*2
108
Registered,
5s,
1931
2d mort., 7s, 1907
Tex.Cen.—1st,s.f.,7s,
1909
112
*
120
Jack. Lan.A S—6s, 1891
90
C. C. C.A lmFs—1st,7s,s. f.
Tol. Del. A Bur.—Main. 6s
Mil. ANo.—1st,4-5-68,1910
92
Consol, mort., 7s, 1914.. 121*2
103"
1st, Dayt. Div., 6s, 1910 t
Mil. L.S. AW.—1st6s,1921 102"
O St.L.AN.O.--Ten.lien,7s 111
1st,
Ter’l
trust,
6s,
1910
90%
111
Mo. K. A T.—Gen.,con.. 6s
1st m., con., 7s, 1897
98% 98%
107% W. St. L. A P.—Gen. m., 6s
103 *2
Cons., assented, 1904-6.
92
92*4
C. St. P.M.A O.—Cons., 6h
Chic. Div.—5s, 1910
80
2d
109%
mort.,
income,
1911..
102
C.St.P.AM.—lst.0s.1918
Hav. Div.—6s, 1910
108%
H.
A
Cent.
Mo.—1st,’90.
117
No. Wise.—1st, 6s, 1930.
Tol.P.AW.—1st, 78,1917
Mobile A O.—New m., 6s. *112% 113%
107%
St.P.AS.C.—1st, 6s, 1919 110
Wabash—Mort. 7s of ’09
111
La.ATe.x,lst,6s
Morgan’s
Chic.A E.I11.—1st,s.f.,cur.
Tol. A W.—1st, ext., 7s 111%
Nash.Chat.A St.L—1st, 7s 117% 117%
107 %
107
Del. L. A W.—7h, conv. ’92
1st, St. L. Div., 7s,1889
124 Hi 126%
2d, 6s, 1901
Mort. 7s, 1907.
109%
2d mort., ext., 7s, ’93.. 108
103*4
125
N. Y. Central—6s, 1883
*122
63
Syr.
110
Syr, Bint & N. Y.—1st,7s *134 138
’83
Equipm’t
bonds,7s,
6s, 1887
T...
108
Essex—1st m.
Morns
Consol.,
conv., 7s,1907 i04*4
117%
6s, real estate, 1883
lil
2d mort., 1891
Gt. West.—1st, 7 s. ’88.
6s, subscription, 1883.. 102
Bonds, 7s, 1900
2d mort., 7s. 1893 ... 108%
135% 13534
120
118
N.
Y.
C.
AH.—lstm.,cp.
107
7s of 1871-1901
Q. A T.—1st, 7s, 1890.
1st mort., reg., 1903
100
1stm.,consol., guar.,7s 124%
Ill.AS.I.—1st,
7s,1882
115
111
Huds. R.—78, 2d, s. f.,’85
Del.AH.C.—lstm. ,7s, 1884 107
Han. A Naples—1st, 7s
99
118%
116
Canada So.—1st, int. gu.
1st mort., 7s, 1891
St.L.K.C. AN.—R.e.,7s *110%
i'34
Harlem—1st m., 7s, cjp.. *
1st mort., ext., 7s, 1891
Om.Div.—1st mort., 7s 114% 115
1st
mort., 7s, reg.,1900
102
1st mort., coup., 7s, ’94. *115
Clarimla Br.—6s, 1919 t
118%
118%
120
N.
Y.
Elev’d—1st,
7s,
1906
124
1st mort., reg., 7s, ’94... t
No. Missouri—1st, 7s. 123
100
N.Y.Pa.
AO.—Pr.l’n,6s,’95
128%
1st, Pa. Div., cp.,7s,1917
West.U. Tel.—1900, coup. 117% 118%
86
Y.C.
A
N.—Gen.,6s,1910
N.
128%
*127%
118%
117
Reg., 7ft, 1917
1900, reg
N.Y.A New Eng.—1st, 7s.
Alb. A Susq.—1st m., 7s
N.W. Telegraph—7s, 1904
105
i05%
lstm., 6s, 1905
2d mort., 7s, 1885
*113%
Nevada Cent.—1st m., 6s. *:::::: i'oo" Spring Val. W. W.—1st, 6s
iio
1st,cons., guar.7s.1906
123
110
small
Do
75
sDec.ASpr’d—2d inc.
75
Trust Co. certificates..
Int. A Gt. North.—2d Inc. +" **
2d assented, 6s, 1909.
117*4
li3*4 116
Equipment, 7s, 1895..
1st mort., sterling
Metrop’lit’u El.—1st,1908
2d mort,, 6s. 1899
Mich.Cent.—Con.,7s, 1902
1st mort,, 8s, 1882, s. f..
Equipm’nt bonds, 8s,’83
*103
6s. 1909
96
Coupon, 5s, 1931
102
126
*101
Galena A Chic.—Exteu.
AW.—1st, 68.1919
Sandusky Div., 6s, 1919.
Laf. Bl.A M.—1st, 6s. 1919
iio
1st
Sinking fund, 6s, 1929..
Leban’n-Knov.— 6 s,1931
L. Erie
133
111
So. Pacific of Mo.—lHtm
Tex. A Pac.—1st,6s, 1905
106
St, L. Div.—1st, 6s, 1921
2d mort., 3s, 1980
Nashv. A Dec.—1st, 7s.
S.A N.Ala.—S.f.,6s, 1910
Do
Lehigh A
1st, 6s, Peirce C. A O. +" ’"
109*4
19%
Jnd
110
105%
3-6s, class C, 1906
3-6s, class B, 1906
95
86
19%
Ciuu.Sl.i..g.iu< .us
......
116
108
104
3d mortgage, 7s, 1906.
Pacific of Mo.—1st, 6s..
2d mort., 7s, 1891
St. L.A S.F.—2d, 6s. cl.A
92
83
104
*2
104%
U.....
42
......
125
91
82
72%
72%
75%
debentures..
debentures
4th pref. debentures
Kans. Pac.—1st, 6s,’95 111%
N.Y.LakeE.AW.—Inc.6s.
114
113
1st m., 6s, 1896—
O.—lstinc.ac.5-7
Den.Div.,68,ass‘d,’99 10934 11034 N.Y.P.A
N.O. M. A Tex.—Deb.scrip
1st cons., 68, 1919... 105*4 105%
Ohio
Cent.—Income,
1920
Cent. Br. U. Pac.—lst,6s 100
Ohio So.—2d Inc., 6s,1921
Funded coups., 7s, ’95. 100
99*4 100
Ogdensb. AL.C.—I nc. 1920
Atch.C.AP.-lst,6s,1905
100% Peoria D. A Ev.-Incomes
At. Jew. Co. AW.—1st,6s
Evansv. Div.—Inc.,1920
110
Utah So.—Gen., 7s, 1909 109
104
Rocli. A Pitts.—Inc., 1921
Mo. Pac.—1st consol., 6s 10334
Mt. A
Kent’ky Cen.—M.,6s.1911
120
110
98
97
111
35
35
35
110
1866
1867
consol, bonds
ex-matured coupon..
consol., 2d series —
deferred
new,
new,
107% Chic. A E. Ill.—Inc., 1907
108% E.T.Va.AG.—Inc.,6s, 1931
Ind.Bl.A West.—Inc.,1919
8s, ’93
126
Registered 8s, 1893... *
Collateral trust, 6s.... 108*4
Louisville. A Nashville117*2
Con sol., 7 s, 1898
2d mort., 7s. gold, 1883.
123% 124*4
109
105
Ceciliau Br’cli—7s, 1907
122
N.O.AMob.-lst,6s,1930 102 103
E. H. A N.—1st, 6s, 1919 *100
106 H< 107
105
99
Gen’l mort., 6s, 1930. . 104%
104
iod% 106% Pensacola Div—6s, 1920 t
IstS. Minn.Div.,6s,1910
1st m., H. A D., 7s, 1910 115
Ch.A Pac. Div., 6s, 1910 107
1st Chic.A P.W.,58,1921
Min’l Pt. Div., 5s, 1910.
O.A N.west.—S.f, 7s, 1885
Interest bonds, 7s, 1883
Consol, bonds, 7s, 1915.. *130
Extension bonds, 7s, ’85
-j.
i021.
Sinking funds,
116
gold
72%
71%
71%
Funding 5s, 1899
115
1893-99
West. Pac.—Bonds, 6s
So. Pac. of Cal.—1st, 6s.
Union Pacific—1st mort.
Land grants, 7s, ’87-9.
110
105
Registered
Ill
Cal.A Oregon—1st m..
State Aidl)onds,7s,’84
Land grant bonds, 6s.
103
13
12%
104
365s. 1924
Small bonds
Pac. RRs.—C.Pac.—G.,6s.
San Joaquin Branch..
ioi"
Ask.
89
Panama—S.F. sub.6s.1897
108
Peona Dec. A Ev.—1st, 6s
Evans. Dlv.,1st, 6s, 1920 *102
128
Spr.—lst,7s
Int.AGt.No.- 1st. 68
10
......
112
109
114
2d, consol., main line, 8s
2d, Waco A N., 8s, 1915
Gen. mort., 6s, 1921
Ill.Cent.—Dub. A S. C., 1st
Dub. A S. C., 2d Div., 7s
Indianap.D A
6s,
6s,
6s,
6s,
6s,
6s,
9
_
7s
7s
23, 1869 ?
non-fundable, 1888.. s
Brown consol’n 6s, 1893
’ennessee—6s, old. 1802-8
6s, new, 1892-8-1900
6k, new Meries, 1914
......
Coupon, 6s, 1909
P.—Bs,coup.,1917
6s, 1917, registered
Dock A Im.—Ass’d.
:
5s, 1921
a M. A St. P.—lst.8s,P. D.
*
*
Ced. F. A Minn.—1st m.
Ind.Bl.A W.—1 st, pref,7s
1st mort., 3-4-5-68, 1909
2d mort., 3-4 5-6s, 1909.
131
'i
1910
Ohio So.—l»t M., 6s,
1st mort., 1. gr.. 7s
1st mort.. West. Div.,
1st mort., Waco A N.,
6s, Act Mar.
MISCELLANEOUS SECURITIES.
9<
97
BONDS AND
Consolidated 6s, 1911...
Houston A Texas Cent.—
106*2 108
O. R.I.A
Peninsula—1st
68, coupon,
Fl’tAP. Marq.-M.6s,1921
107
Gal.Har.A S.Ant’o—1st,6s 107
2d mort., 7s, 1904
105
Gulf Col. A S. Fe—7s, 1909 *104%
107% 108
Han. A St. Jos.—8s, conv.
115
117
class 2
class 3
’98-9
68, 1880
st,1916
N.Y.L.E.AW.-New2d,6
1st, consol., fd. cp..7s.
2d, consol., fd. cp., 5s.
Ev. A T. H.—1st cons., 6s
119
1866-1900.
Rhode Island-
Buff N.Y.AE.—l
124
104
off, A. AO.
39
39
140
140
120
120
15
15
23
23
7
9
9
9
Small...;
Ohio-
1888. *112%
lst.consol., gold, 7 s, 1920 127% 128”
Long Dock bonds,7s, ’93
127
58*4
57%
Joliet A Chicago—1st m.
La. A Mo.—1st in., guar.
2d mort., 7s, 1900
8t. L. Jack.A Ch.—1st m
1st, guar. (564), 7s, ’94
2dm. (360), 7s, 1898..
1st m.,
Consol. 4s,
Erie—Continued—
6th mort.. ext., 7s,
Railroad Ronds.
(Stock Exchange Price*.)
Ala. Central—1st, 6s, 1918
Cheasp. A O.—Pur. m’v fd.
68, gold, series A, 1908.
6s, gold, ser. B, int. del.
6s, currency, int. def ...
Chicago A Alton—1st m..
Income 7s, 1883
Sinking fund, 6s, 1903..
Do
Do
York-
RAILROAD
off, J.AJ.
Special tax, class 1,
68, gold, reg., 1887..
Os, gold, coup., 1887
6s, loan, 18S3
6s, loan, 1891
6s, loan, 1892
6s, loan, 1893
114
J.AJ.
Do
1868-1898.
New bonds, J.AJ., ’92-8
Do
A.AO
Chatham RR
108 Ha
87.
do
Do
New
coup,
coup,
Funding act,
Funding, 1894-’95
' 114
Hannibal A St. Jo., ’86. 10H
32 8;
31 %
20
68
63
Do
Do
103
1882 or 1883
109
1886
109% 110%
1887
110**111 Ha
1888
m
6s, due 1889 or 1890
Asyl’m or Uniw. due ’92 112
35
28
31
L. R.P.B.AN.O. RR
7s, Miss. O. A R. R. RR.
7s, Arkansas Cent. RR.
6s, old, A.AO
No. Carolina RR.,
A. AO.
Do
due
due
due
due
6s,
6s,
6s,
6s,
83
Carolina—6s. old, J.AJ.
N.
Bid.
SECURITIES.
Ask.
Bid.
SECURITIES.
Ask.
Bid.
Missouri—
96
80
104
funded. 1899-1900...
L. Rock A Ft. S. iss.
Memp. A L.ltock ltK
STATE
MichiganGs, 1883
7s, 1890
80
MISCELLANEOUS SECURITIES.
RAILROAD BONDS
AND
BONDS.
SECURITIES.
Ask.
A T*lr Q.T1 MflH
6s,
7s,
7s,
7s,
fV0L. xxxiu.
THE CHRONICLE.
522
70
72
r
STATES.
So. Car.—Consol. 6s(good)
Browne, consol
Virginia—New 10-40s
RAILROADS.
Stock
Charl’te C. AA.—Consol.7s
mort., 7s.
Stock
Cliic.St.L.A N.O.—NewSs
E. Tenu.Va. A Ga—1st, 7s
Georgia
Railroad—7s
. —
6s
Memph.AG’har.—1st, cons.
1st, consol., Tenn. lien..
Miss. Central—1st m., 7s.
2d mort., 8s
N. O. A Jackson—1st,
8s
Certificate, 2d mort., 8s.
Northeast., S.C.—1st m.,8s
2d mort..
8s
Aug.—1st,6*
Poi t Royal A
Rich. A Dan.—1st,
48
cons.,6s
M*- OO
92
79%
96
117
118
109
101%
53
112%
111%
80
97
120
121
no
u,
,r.r
55
die" 118"
*122
tl 10
112
114
105
124
112
*
...
107
112
no
114
115
125
118
J17
105%®
102
103
101
104% 105%
120
Stock
South w. Ga.—Conv. 7 s, ’StStock
S.Carolina RR.—1st tn.,7:- 1106
40
Stock, assessment paid. 122
7s, 1902, non-enjoined..
72
Non-mort. bonds
106
Woofrm. N. O -—1
latest quotation* mads this week.
59
—
Atl. A Gulf—Consol.7s,’97
Atl.A Charlotte—1st, 7s..
Income, 6s
Stock
Car; Central—1st, 6s, 1923
Cent. Ga.—Consol, ru., 7s.
2d
i*04** 1*0*0**
...«•*
48
12t
7$
108
Par.
Bid.
'
America*
Am. Exchange
Bowery
Broadway.... .......
Butohers ft I)rov ra
Central
Chase
Chat hara
|
Ask.
’
Ottiaena’
City
Commerce
...
Exchange*
Bajt River
Eleventh Ward*
Fifth
100
100
25
25
100
100
120
American Exchange
125
#
Bowery
Broadway
Brooklyn
„
150
Fulton
Gallatin..
••
Gorman Amerloan*.
Clinton
Columbia
Commercial
.........
Traders’...
Imp. and
Irving
Island City*....
.
•
•
Mechanics’
Mechanics’ Assoc’n.
Mechanics’ & Tr’drs’
Mercantile.....
Merchants’
Merchants’ Exch’ge
Metropolis*
Metropolitan
Mount Morris*
Murray Hill*
Nassau*
New York
New York County...
N. Y. Nat’l Exch’ge.
120
Exchange
25
Firemen’s
F'lrragiit,
•
•
•
Firemen’s Trust
Franklin ft Erap....
*
.
,
•50
100
100
25
50
25
100
50
50
100
100
North River*
Oriental*
Paoifio*
Park
People’s*
Ptaentx
Produoe*
Republic
St. Nicholas
Seventh Ward
.
Sixth
State of New York..
Third
...'.
Tradesmen’s
.
Union
United States
West Side*
Gas aiul
German- American..
....
127
135
130
Germania
I4lnhr»
Greenwich
....
Guardian
Hamilton
....
l-Tiinovfir
Hoffman
135
i34
255
"Howard
Irving
t
145
140
100
100
100
100
100
100
70
30
25
50
100
25
20
50
100
100
100
100
100
100
100
100
40
50
100
100
•
•
145
150
Kings County (Bkn.)
Knickerbocker......
Lafayette (Br’klyn).
•
•
•
•
•
,
.
.
100
25
50
25
100
100
25
50
50
60
50
50
(B’klyn)
Manhattan
Mech. ft Traders’...
Mechanics’ (B’alyn).
...
•
Lamar
Lorillard
Manufac’rs’ ft Build.
t
«
•
i
■
•
•
....
Mercantile
Merchants’
....
....
...
.
.
.
Montauk (Brooklyn)
Nassau (Brooklyn)..
.
150
70
100
80
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
LonnT
Lont> Island
i20
•
Jefferson
200
90
.
....
Importers’ ft Tr’d’rs
140
■
Sinth
Orth America*
Eagle
100
25
100
Market
O-mtinental
•
fO
......
Manhattan*
Marino....'..
...
...
150
50
Manui’trs’.
Second
Shoe and Leather.
tft
....
.
.
75
too
100
25
100
100
Germania*
Greenwich*
17
20
City
....
.
.
50
Exchange*.
Hanover....
100
25
100
100
100
30
Fourth..
100
25
25
Citizens’
100
First
60
Arnprieim
220
100
J00
Avenue*
Leather
|....
100
Continental......
German
LOO
...
Chemical
Fifth
Par.
Companies.
Bid.
Ask.
150
103
215
180
19 »
155
160
National.
not
Corn
Price.
PRICE.
1
Companies.
Insurance Stock List.
[Quotations by E. S. Bailey, Broker,
No. 7 Pine Street.]
List.
Bank etock
Quotations m Boston, Philadelphia and Baltimore.
Local Securities.
New York
37*
National
120
.
•
.
•
#
,,,,
140
160
fj,
,
New York Equitable
New York Fire
.
New York ft Boston.
New York city
Niagara
North River
Pacific
Park
Peter Cooper
.
,
.
•
•
.
.
.
..
....
170
...
People’s
....
144
•
•
Phenix
Relief
•
....
•
•
•
....
126
1:9
...
115
..
Stuyvesant
Tradesmen’s
Uni - ed States
Westchester
....
....
Republic
Rutgers’
Standard
Star...
Sterling
....
....
523
CHRONICLE.
THE
12, 1881.1
JfOTEMBER
Williamsburg City..
35
100
100
100
50
25
25
100
20
50
50
50
100
25
50
100
100
25
25
25
10
50
*vo
115
205
120
135
....
60
100
2.'0
K'5
225
90
1(0
120
90
108
1 5
180
10
120
2.0
60
125
1:0
60
350
110
95
65
70
Fitchburg RK., 6s
123
;90
163
125
291
0>
i-.O
157
70
155
116
leu
71
00
116
60
14 )
98
140
15)
0
116
118
150c
115
150
10 >
05
65
185
1
ft
210
120
190
115
139
1*5
70
150
125
80
6b
210
60
110
80
70
120
70
140
U'3
150
i.30
90
120
121
.
do
Old Colony, 7s
i >14 Colony, 6s
Pueblo A Ark.
..
...
Lake Cn.6>
Lowel.’
Maine
Providence
1405(5
141
iio
i'l2
X
....
...
151*
ft W. Michigan
Sandusky ft Clev
29* 29%
.
93
23
Valley
(Mass.)
8J
New England...
N. Hampshire...
Norwich ft Worcester
149
23*
95
94.*
do
69*
65
150
..
New York ft
Northern of
...
do
pref.. 130
Old Colony............
...
Portland Saco ft Portsmouth ’95
131
Pull i an Palace Car
27* 28
Rutland, preferred
125
•
Beach ft Lynn........
eve re
Ve inontft Massachusetts..
W rcest.er ft Nashua
.*
Wlscon in Central
City ItaiJroad Stocks and Bond*.
60
'
23*
PHILADELPHIA.
Gas Companies.
Par.
25
20
Brooklyn Gas Light Co
Oltlzens’Gas Co <Bkl\u)
bonds
do
1,000
50
20
50
100
500
100
arlem
erseyClty & Hobokeu
anhattan
If etrooolltan
do
bonds
Si1o §|
Var.
1,200,000 Var.
315,000 \.& <).
1,850 000 F.ft A.
750,000 1. ft J
4,000,000 I. ft J.
2,500,000 ■f.ft P
.
1,000,000 FJA
5,000.000 Quar.
1,000 1,000.000 F.ft A.
Var
25 1,000,000
Mitual, N. \
do
Amount. Period
bonds
Nassau, Brooklyn
Jew York
Va
100
10
700,000 M.&N.
4,000,000 vf. A V
1,000,000 J. ft J.
Bonds
Bonds
1,000
87.- ,000 M.&N.
125,000 Var.
466,000 F.ft A.
do
scrip
.
People’s (Brooklyn)
dantral
or
Var.
50
50
New York
Williamsburg
do
1,000,000 Quar.
1,000 1,000,001' A.ft O.
100 1,000,000 M.&N.
bonds
Metropolitan, Brooklyn
Municipal
...
Fulton
..
100
.
'lOO
Municipal....
3.000,000
750.00(1 M.&N.
l 50
-.0001
1
Date.
*
Bid. Ask.
130
7
3
7
5
H9
93
16)
2l4
151
1(9
,6
104
'05
1898
Feb. ’78 90
1.
5
’81
luly.
Aug., ’l 211
7* Aug. ’81 148
105
3
1* Oct , *o! 74
10 <
3* 1882
07
3
Sept
3* Nov., ’0- 1-0
4
Nov.,’ ’8' 104
’76 33
3* J».
7
163
1897
6
1900 ftc 90
3
’80
<0
July,
«* O t.. ’8i 68
101
6
1900
70
2* July, ’81
'
5
ct.. ’81 170
105
8
lbttij
1 05
..
-
57*
70
103
105
8)
105
92
70
72
104
75
175
110
70
Broadway & Seventh av-St’k
1st
mortgage
Brooklyn City—Stock
1st mortgage
Broadway (Brooklyn)—Stock
..
Brooklyn
1st mortgage bonds
Bushwick Av. (B’klyn)—Stock.
Cross*own.—St’k
..
Central Pk. N. & E. .iv—Stock
1,000
100
100
J. ft J.
J. ft J.
Q-J.
J.&D.
Q-F.
M.&N
Q-J.
A. ft O.
300.000 J. ft J
500,000 J&J.
1,800,000 Q-J.
Consolidated mort. bonds
1,000 1,200,0001 J.&D.
100
Christopher & x’enth St.—Stock
650,01.0 F.ft A
Bonds
1,000
250,000 J. ft J.
100 1,200.000 Q F
Dnr Dock E.B.& Batt’ry—Stock
let mortgage, consolidated
500&C
900,000 J. ft D.
100 1,000,000 Q-J.
eighth Avenue—Stock
1,000
203,000 J. ft J.
mortgage
«d 8t. & Grand St. Ferry—St’k
100
748,000 VI.AN.
1st mortgage
1,000
236,000 A.ft O.
100
600,000
®®°Jral
Cross Town—Stock ....
1st mortgage
200,00') M.&N.
1,000
100
Houst.West St.& Pav.F’y—St’k
250,000
ist mortgage
500
500,000 J ft .T.
B®cond Avenue—Stook
100 1,199,500 J.ft J
od mortgage
150,000 A.ft O.
1,000
..
.
consol, convertible
1,000
Bxtenslon
Avenue—Stock
00 JcC.
100
B“th
1,000
Third Avenue—Stock
wt
mortgage
Twenty-third Street—Stock.
,
mortgage
*
..
.
100
2,000,000
1,000
,000,000
600,000
100
1.000
This column shows last dividend
1,050,000 M.&N
200,000 M.& 8.
750,000 M.&N.
500,000 r. & j.
on
Q-F.
J. ft J.
F. &A.
250.000 M.ft N.
% July, M
23 %
J’lv.19001 J13
Oct., ,KT130
June ’81)103!*
3* Nov., *8l!l90
7
Nov., ’8 » 102
3
Oct., ’81:150
2
oct.,^’si; ioo
1888
7
1102]*
2* July, ’31 110
2
Oct., ’31 124
7
2
7
7
2*
7
4
7
8
7
0
7
7
135
106
200
110
160
105
i 2*S*
Dir. 1002 118
Aug., ’81 02
100
1893
203
114
185
’8* 100
,
’81 390
i o
60
105
60
105
125
1' 3
K 8
70
110
.
Apr., 93 110
Noy.iooi
7
2* July, "81
7
7
7
5
7
5
7
4
7
26
115
Sept
Oct.
.
*83 125
*81 250
SK) 110
Nov., ’81 190
•July, ’90 11'
Aug ,*81 150
-day
’03 105
97!*
110
ii8
iio
i Vs
iVo
13)
i....
-no
123
l’l'J
115
155
112
stocks, hat the date of maturity otbonds
101*
railroad
Camden ft
ao
Top...
pref
d»
,io
com....
Pennsylvania
Pennsylvania
Philadelphia ft Erie
Pnlladeiphla ft Read ng
Philadelphia ft Trenton
Phila.Wllining. A Baltimore,
cat. Paul & Duluth K.K. Com
pref.
do
do
United N. J. Companies
West Chester consol, pref....
Went .lerBey
Wert Jersey ft Atlantic
CANAL STOCKS.
Lehigh Navigation
Pennsylvania...
Schuylkill Navigation
do
pref...
RAILROAD BONDS.
Allegheny Vai..7
do
do
3-10s. 18%...
7s, E. ext., 1911
Inc. 7s, end..’9-4
Belvldere Dela. 1st m.,6s,1902.
do
2dm. 6s.’85..
do
3dm. 6s,’37..
Camden sAm-t lo.vuup,’*
do
Is, e -»
do
mort. 6s. ’S3
Cam. ft Atl. 1st m. 7s. g., 1893
do
2d m. cur. 7s, 1 r79..
p.prn
*
in
k
default.
V*
*
•
•
•
•
•
• •
•
•
•
124
iu*
95*
90
"00
65
116
102
'95%
6*9
....
30
ei
6s, exempt, 1587...
do
6s, i89b. quarterly.
do
5s, quarterly
Baltimore 6s, :S8i
16%
17
30%
J*‘%
56*
62
67*
do
do
do
do
68,1886, J.
6s, 189 ', quarierly...
6», park, 1890, Q.—M.
6s, 1893, M. ft S
do
fis.exempt.’dS.M.&S
6s, 1900, Q —J..
do
68 1902l, J. ft J*
do
do
f>s, 19.6, new
Norfolk waiter, 8s
*
110*
117
ioi
102
oi%
io«
—
railroad stocks.
60*
I Balt, ft Ohio
64
184
|
Par.
100 138
•'(
Central Ohio
PittsDurg ft
U6*
122
127
do
do
Wash. Branch. 100
do
Parkersb’g Br..rO
Northern Central
50
Western Maryland
' ...5(
34 *
117
117
121%
1st pn f
2d pref..
o
<
105
109
130
ISO
__
63*
20*
34*
....
gold,’97
do
30
'57
mort.
cons.
Maryland 6s, defense, J.& J...
56*
Nesquehonlng Valley
North
ibis'
•
ii5
Pennsylvania 6s, coup., 7910.. 108*
SchuyiK. Nav.ist rn.6s.rg.,’97. 91
do
2d m. 6s. reg., 1907
BALT I I?I OKIE.
61*
Norristown
Norfo k ft Western,
....
68* *70
in.78, rg.,191!
Morris, boat loan, reg., 1885..
18
55
do
pref.....
53
do
new pref
116
Delaware ft Bound Brook.;..
45
East Pennsylvania—
40
Elmira ft Williamsport.......
do
do
pref.. 58
70
Har. P. Mt. Joy & Lancaster
do pref
do
do
23
22%
Ciilawlssa.....
do
96
118
.
Atlantic.......... '24
do
pref
Huntingdon & Broad
110
102
1883 106%
Lehigh Navlga. in.,*>s, reg.,’84 116*
do
mort. HR., rg .’97 111
stocks.7
BuffSioen/ui?*ywe8t;vn::::
pref.
do
i05*
IPO*
CANAL BONDS,
dies, ft Del
1st m , 'Is,
•
to 95
Little Schuylkill
Mlnehtll
*
900,000
694,000
100 2,100,000
1,000 1,500,000
10 2,000,000
300,000
1,000
100
200,000
100
400,000
do 6s,n..rg., prior
do 4s, various
Lehigh Valley...
[yuotatlons by H. L. Grant, Broker, 145 Broadway.]
Bleecker St.& Fult. Ferry-St’k
100
1st mortgage
1,000
re*..1«tt-*92.
118
1694-1904
Philadelphia,5s reg...... •
106
...
STATE AND CITY BONDS.
Penna. 5s, g’d, lnt.,ree.or cp.
do
5s, reg.,
....
5s, new, reg., 1&92-19U2
do
do
6s, 10-15, reg., 1*77- 82.
do
fts.15-25,
do
49, reg.,
1382-1832.
Nov., •81 125
2* Aug., ’80 5)
5
129*
....
105
107*
Texas ft 1 hc. 1st oi.JIb,P..1905
do
R o G ande D v.. 92*
103
do
cons in.,6b,g..1905
77
do
Inc.ft 1. gr , 7s 1915 . .
Union* Tliusv. 1st in. 7s. ’9Cj A"'*
United N. J. cons. in. 6s.’94. 113
Warren ft F. 1st m.7s, ’9t>
West Chester cons. 7s.’9l
iio
West Jersey 6s, deb,,coup.,’8;.
do
1st m. 6s, cp.,’96.
do
1st m. 7h, ’94
con*. 6s, 1909
do
...
110*
W. Jer eyft At .1 tin 6s, cp.
vVeatern Penn. hK. 6s,-'j>.’ai.
105
iif
do
6s P. B.,’96.
P«ef
go
[Gas Quotations oy oeorge H. Prentiss. Broker, 1? Wi.ll Street.]
121
Sunbury & Erie Isi m.7s, ’97.
-yra.Gen.ft » oru’ .l^r, s.mir,
....
23%
7s, R. C., 1893*
Steubeuv. ft lnd. 1st, 6s, 1884.
Stony Creek 1st in. 7s t9U7—
Suub. Haz. ft W..1R* m.,5s.’2S
< o
2d m. 6l 9H..
....
...
• ••
do
7s. coup, off,’93
Phll.ft R.Coal&lr’n dcb.7s.92*
60
!.*.*.*
do
deb. 7s. cpn.ofl
do mort., 7s, 1892-3
Phila. Wllm. ft Bxlt. 6s. ’84....
120
121
Pitts.Cln.&St. l. 7s,cou..tS00
do
do
7-, r *g.f 19 ’<» 119*
66
63*
conv.
ios
....
do
gen. m. 6s, rg., 19)0.
do
cons.m 6-, rg.,
do
do
do
5i...
Penn. Co , 6s. reg
do
do
4*^9
o
do
co p , 19 0
perkieTnen 'st in.6a,c,-ui>.,’8<
Phl’.Wilm &3a t ,4B,Tr.cerlR
Phlla. ft Er.e 2d vn. 7s, cp.,'98
do
co.18. mort. fis. 920
po
do
5J, 920
Pnlla. Newt’n ft N.Y.. 1st m.
Fhil.ft R. 1st m.6s,ex.due 19 0
do
dx
If 10
do
2d m.. 78, cp. 'iS.
do
cons. m..7s,cp., 19U
do i ons.m.6 ,g.l;CC19il
do lm >.m.,6 ,g„
lSsdo gen. m 6 g..C.H0'
do la. m.,7s.( oup., 896.
do d b. coup , i ^93*
ro
do
c up. off, It93.
do scrip. 188 :
82
Ogdensb.& L.Champlain
1906
do
162
Lowell
....
.
'60
Eastern (New Hampshlro)...
Fitchburg
Flint ft Pere Marq
do
pref
Fort Scott ft Gulf, pref..
do
common.
Iowa Fxll* ft Sioux CLy
Lltue Kockft Fort Smith ...
Manchester ft Lawrence....
Mar Ho igh. ft Out
Mar. Ho jgh. & Oat., pref...
110
1 5
91*
do
do new loan s.reg
Oil Creel; 1st in. 7s, coup.,’82. 102
r’lttSb. Tll.U8V.ft B., 78, cp.,’9G 90*
do
Scrip
Pa.ft N.Y.C. ft RR.7s, 895
Valley, 7s
Concord
Connecticut River
Conn, ft Paesnmpslc
NatiBuaft
•
....
Cheshire preferred
Eastern
•
.
,
49
43
Inc
ft Topeka
Albauy
onnttt.cn
•
....
STOCKS.
Chi
Cm.
•
....
Rutland 6s,1st mort
Vermont ft Mass. RR..6s
...
Vermont ft Canada, new 8s..
Atchison
Boston ft
Boston ft
Boston ft
Boston ft
•
2d mort. 6s, I960
do
...
•
•
5s, 1395...•.
Ithaca* Athens 1st g d, 7a.,’9l
innctlon 1st mort. 6*, ’82
cons. m.
o
Fort Scott ft Gulf 7s
Hartford ft Erie 7e
K. tltv Lawrence ft 8o. 49..
Kuw. City.
Oily. St.
Si Jo.&C. 3.3s.
114
Little
e R’k ft Ft. Smith, 78,1st 112*
i 2'*
91
Mexican Central, 7s
10s*
New lork & New Eng. 6j—
’16%
do
<s
117
New Mexico & So. Pac. 7s... 116
iguensburtr ft
•
....
....
7s
do
108*
Lehigh Valley, lst,68,cp., 1— i ai*
do
do reg., 189-i..,
is'a
do 21 m. 7s, reg., 1910.
'97!*
96
119
do
con. in., 6s,rg.,192
K'9%
180
do
do
6s, p.,19.
Little Schuylkill, 1st 10.7“,'^
N. O. P.tc 1 t m.. 6s, 1920
109
106
67]* 67%
m
2d m. 7s.cp., '96.
do
do gen. m. 7s, cp., 1903 i20
118*
189 •.
PnMHnmpeu:, It.,
*v.
a.
134*
..
150
115
76
70
195
1)2
220
120
205
l.'O
1)3
90
130
90
70
Chartlnrs Val.,lstm.7a.C.,190:
Delaware mort.. 6s, various.,
Del. ft Bound Br., 1st, 7s. t9tt
East Penn. 1st mort. 7k, ’88
E1.& W’msport, 1st m.,78,’80,
do
5s. porp.
Enstm ft Amboy, 5t
Har'lsburg ist Wor* 6s, ’8>..
H.& B.T. 1st in. 7s. gold,’90
43
42*
4c..
Cunnttt nValey. 7s
.
.astern, Mass., 4*s, new.
<
12)
TO
130
115
20J
>r
iio
Connecting 6s, 1900-1904
..
125
•
ilk
■
,
7s I960
new
•o
Boston & Providence 7s.
•url. ft Mo., land grant 7s—
do
Nebr. 68
Ex
103
do
Nebr. 6s
do
Nebr.4s
Chicago Burl, ft Quincy
10
190
5 i
l> 8
6s
>
Bid.
BECTJBITIK8.
CatawlsBalst,7s, conv.,’32..
do
chat, m., 10s, ’88
o
income..
Boston & Maine 7s
>oston ft Albany 7s
do
6s
Joston ft Lowell 7s
250
2)0
100
100
Ask.
BOSTON.
\tch. ft Tcpeka 1st m.7s
do
landgrant7e
lanofnc. 8s..
do
Atlantic & Pactfl •, fs
d
170
Bid
BKOUSITIS8.
125
118
"7*
51%
16
40
195
123
12
56
18
4«*
Connellsvtlle..5(.
railroad bonds.
10C*
Balt, ft Ohio 6s, 1885.A.&0.
N. W. Va. 3d in.,guar.,’85,J*J
!
121
Plttsb.ft Conneirsv."»B,’98,J
122*
108
47* 47* Northern Central 6s, ’85, J&J
116
do
6s, 1900, A.ftO.
do 68, gld, 1900, J.ft J. 114* 114%
13* 13* Oen. Ohio 6s. let in.,’90,M.& 6. 107*
W. Md.6s.lst m.,gr.,’90,J.&J. ...
do
1st m., 890.J.&J... 110
124*
2d in.,guar., J.ft J— 106
do
115% 123
2d m.,pref
do
jl05
53
51
do 2d in.,gr. by W.Co.J&J' 110
120
6s.
3d
in.,
J.ft
J.
120
do
guar..
100
124
Jar. ft Cln. 7s, ’92, F. ft A ... 123
106
do
2d, M. AN
97%
103
do
8«>, 3d, J. ft J
49*
110
nlon KL-t. 1st, guar., J. ft J
as
37
....
,
,
*
#
*
.
!
*
•
»
....
d.->
....
Cn
t Per shat*
....
-r
*.n
Consolidated Gas
l»
.
endorsed.
tinn.Iq
....
40* 40*
RlfL;
CHRONICLE.
THE
524
Railroad Earnings.—The latest railroad earnings and the
totals from Jan. 1 to latest dates are driven below. The state¬
ment includes the gross earnings of all railroads from which
returns can be obtained.
The columns under the heading
“Jan. 1 to latest date” furnish the gross earnings from Jan.
1
to,
and including, the
column:
New York City Banks.—Thedollowing statement shows the
condition of the Associated Banks of New York City for the
week ending at the commencement of business on Nov. 5.
Average amounl of
Capital.
Bank*.
reported—* /—Jan. 1 to latest date
1880.
1881.
1880.
$70,704 $62,187 $511,495 $151,257
1881.
Mo.
or
Septemb’r.
806,730
Atch.Ton. AS. Fe. Septemb’r. 1.147,000
Balt. A Ohio
Septemb’r. 1,540,002 1,593,313
23,723
Boat. A N.Y.Atr-L..Septemb’r*
28.2 1)
66,669
71,081
Bur.C.Rap.ANo.. 4th wk Oct.
Aia.Gt. Southern.
Lotus v. A Nashv. October... 1,009,100
1,000,326
134,742
101,079
32,379
Marq. H. A Ont’n. Septemb’r.
Memp. A Chari... 4th wkOct.
Memp. Pad. A No. 3d wk Oct.
29.43 L
5,748
13.000
Mil.L. Sh.A West. 1st wk Nov
Minn. A St. Louis. 3 wks Oct.
tMo. Kans.ATex. 4th wkOct.
Missouri Pacific October...
Mobile A Ohio.... October...
Nashv. Ch.ASt.L Septemb’r.
89,260
245,031
693.730
252,921
179,979
.
216,293
1.670,733
213,973
1,821,045
8 71/727
166.613
963,264
190,698
498,935
5.803
9,421
60,799
219.706
7.589,075
9,153,451
6<:6,02S
942,414
6,415,767
5,159,360
261,713
1.874,761
167.474
1,577,949
City
Tradesmen’s
Fulton
Chemical
Merch’nts’ Exch.
Gallatin
615.901
4,879.991
4,455.295
1,731,881
1,513,074
...
...
.S^ptemb’r. 3,735.006 3,617,543 32,879,241 30,254.013
569,416
351,753
Peoria Dec. A Ev .4th wkOct.
15,141
20,130
322,737 2,595,067 2,753.766
Philadel. A Erie. .Septemb’r. 276,522
Pennsylvania
...
Phlla. A Reading .Septemb’r. 1,945.874 2,039,256
52.109 1,184,633
St.DAlt.AT.H. .4th wkOct.
36,729
611,772
Do
2L.850
22,529
(breha) .4tli wkOct.
St. L. Iron Mt. A S .4th wkOct. 223,252
211,199 5,922,966
6 5,000 2,656,409
St. L. & San Fran .lstwkNov
68,400
74,500 3,969.267
St.P.Minn. A .Man .IstwkNov 127,100
352,886
Scioto Valley.... .4th wkOct.
13.991
11,231
717.712
South Carolina.
75,525
August
81,183
105,578 3.063,623
Texas A Pacific.. 4 til wk Oct.
175,093
Tol. Detp. A Burl 4th wkOct.
9,208
18,472
Union Pacific... 1st wk Nov 763,388
645,681 23,174,607
Wab. St. L. A Pac 4th wkOct. 366,457
370,600 11,788.181
1st wk Sept
Wisconsin Cent
20,540
28,563
1,199,013
571.418
4,976,594
.
2.251.635
2,636 410
263,512
615,305
2,140,367
.
19.973,243
10,247,170
..
the receipts
well as the
Balances.
Payments.
Receipts.
$
“
“
“
5..
1,777,013 60
11.. *2,201,089 59
8,601,455 99
6,311,230 44
* Includes $1,000,000
Currency.
$
76.390,120 62
75,799,450 19
$
4,713,154 23
4,573,159 72
day
1,209,212 63
1,100,301 53
699,452 37
Total
.
918,592 35
7..
1,040,318 66
-8..
9.. *2.321.580 78
10.. *2,086,844 61
$
1,525,250 31
Coin.
76,910,152 53
77.947,645 92
79,395,333 66
4,571,825 53
4,526,875 22
4,580,819 70
gold received from Philadelphia Mint.
Coins.—The following are quotations in gold for various
Silver 14s and %s. — 993* a
Sovereigns
$4 33 ®$! 86
3 83 ® 3 86
Xi Reiohmarks. 4 72% ® 4 76*2
X Guilders
3 95 9 3 97
NaDoieons
Span'll Doubloons. 15 57
-a 15 70
Mex. Doubloons ..15
Fine silver bars
1
53 a 15 6 )
12*8^ 1 13%
Fine gold bars....
Dimes A % dimes.
par
..
—
a*4 prem.
9J:%a p^r
Five frauc3
Mexican dollars..
Do uucommarcT.
English silver
....
Prus. silv. thalers.
U. S. trade dollars
U. 3. silver dollars
—
—
—
92 a
88% $
87 a
4 70
coins:
par.
~
—
—
95
89%
88%
a 4 80
—
07%®
993s®
—
99%®
—
’
—
—
69%
99%
par.
7.29 1.00J
4.919.400
virciilo.
tion.
9J4.900
3.187.200
Pacitic
Republic
11,643.50(
5.208,900
6.0-;2,100
2.118.100
5.167.30C
3,293.100
l.558,0,)(>
2 6J2.50C
7.063,200
2.925,-fijo
14.746.000
2.024,300
2,916.601'
450,0-00
20.J,000
700,000
Chatham
People’s
North America..
Hanover
1,000,000
500.000
Irving
Metropolitan
3,000.000
....
600,000
1,000,000
Citizens’
Nassau
Market
3t. Nicholas
Shoe A Leather..
Corn Exchange..
Continental
Oriental
4,721,300
6.754.800
2.029.300
3.123.000
19.391,900
16.237.400
300,000
400,000
1,500,000
2,000,000
importers’ A Tr..
Park
Mech. Bkg. Ass’n
North River.
Bast River......
Fourth National.
1,030,600
500,000
240,000
.
932.300
1,061,600
250,000
3,200,000
2,000,000
300,000
Central Nat
Second Nation'l.
17.948.40C
7.972.000
3,465.0 JO
500,000
1,000,000
300,000
250,000
200,000
750,000
Bowery National
N. York County..
Germ’n Americ’n
Chase National..
Germania
U. S. Nat
4.253/00
6,205.400
2.993,000
8,801.600
1.942.300
1.519.100
J 2.765.700
3,060.000
731,700
2 331.0IJ-)
1.432.100
737.500
1,101.000
976,00C
1.873.900
918.400
3.027,100
1(4.000
2,600
468.800
33,000
44,300
253,400
1.014,166
8,295.200
3.894.600
5.7-36.800
2.453.500
2.673,000
3.432.500
1.75).403
2.704,303
7,549,630
2,58 j.2o.
11.814,000
2.156,000
2.624.300
2,619.800
237.3)0
48,8oJ
124.80
61.600
103.000
154.000
106,70!.
331.200
197.0()0
206. l00
502.400
41.600
179.tog
W8.500
475.600
889.300
800,COO
1,125,6o6
45,000
5,400
900,000
433,300
2,2)0,000
370.000
3,900
450,000
1.653.301
150,000
450,000
3.235.00)
3.623.80)
4,600
6.839.500
763,200
1.890.000
3.563.000
22,071,800
19.852.0o„
740.100
1,07 7,400
847.000
1,114.300
45,000
45.066
3.78 \000
224.600
810,000
1,274,000
75,000
5.445,000
594.300
14.241.000
445,000
18.787.600
8.027,003
1.333.000
2 )0.0oo
262.100
121.903
323.100
115.000
170.000
490.lOu
42,0 0
28.600
260.300
1.120.000
3)1,900.
790,500
10.717.000
159.400
164,000
210.000
1.100
267,000
5.627.9)0
1.086,100
1.507.900
'270.666
1,021,800
180,000
2213)00
40,100
61,400
137.000
138.00.)
2.092.800
4 531 1001
2 053 1 0
1.519.100
1.60),2 >0
1.271.500
43.900
4,912,000
77,9 10
145,50*
81,800
449,900
[60,913.500 15.211.8 >16202,032,500 20.003.400
61.102,70,’3 13,350.9 ) t
Total
860,000
1,103,l00
2.583.400
3.976.500
1.916.400
1,375,000
1,468,506
4,489,000
100,000
20).000
200,000
500,000
0.19-1.000
3.56 J.O0)
1,0 58,80O
132.000
1.700.700
1,555,203
300,000
Fifth Avenue....
German Exch. ..
6.478.500
389.00U
5 *5, «00
5 30,SO'.)
24.000
996.100
5)9.000
5.704.700
12,978.000
5.504.800
1.429.800
750,000
Ninth National..
First National..
Third National..
N. Y. Nat. Exch..
479.600
U3,9pj
334,000
830.700
410.700
3.081.000
299.300
242,?00
620.000
405,5jo
707,000
490.600
l,76‘2.8ou
21.300
638,000
5.710.900
4.717.500
147.200
37.600
107.500
3.513.4 jo
455,000
3.307.000
1,000,000
Marine
411.700
458.400
3,066.000
2.216.200
500,000
500,00)
500,000
1,000,000
495,000
66.000
2,566.000
2.211.300
763.500
1,029,300
13.418,000
$
7.580,000
6.529.000
159.400
392.900
467.600
73,500
78.600
142,000
1 46.40 0
127.500
51.800
132.300
450.000
5)4.-00
168.900
409.500
181.300
207.900
326.600
79,000
208.0QO
38^,000
711.700
321.100
156.000
26.500
35 3,900
190.400
6.)5,5qo
959,900
$
250,000
113,000
710,000
193.000
3,083,800
2,704.cOO
5,000,000
5,000,000
1,000,000
1,000,000
422,700
1,500,000
Mercantile
1.350.400
i95,003
3.6 71.800
3 14,700
426.300
12,990.100
3,8*5.100
4.172.400
1.664.100
1.047,000
200.000
600,000
800,000
800,000
Commerce
Broadway
541.003
8.430.200
3,40 J.OOO
7,307.790
3.240.700
1.775.500
1,000,000
1,000,000
600,000
300,000
1,000,000
1,000,000
300,000
200,000
The deviations from returns of previous week are as follows:
discounts
Inc. 04,098.400 1 Net deposits
I.ic. 04,043,700
Bpecie....
Dec.
154.630 I Circulation
Inc.
80.400
Legal tenders
Dac.
440.00C i
Loans and
The
following
the totals for a series
of weeks past:
Deposits. Circulation. Agg.
are
Loans.
Oct.
**
Nov.
...311,310.500
22
58,359,400
29....30-*,‘354.500
61.063.100
5....313,350,900
60,913,500
15.203,700- 238,043.300
15,652,400 238,03 \8)0
15,211,800 292,032,500
following ar
series of weeks past:
Boston Banks.—The
banks for
1831.
Oct. 24..
“
31.
Nov. 7.
*
a
Loans.
*
154.13). 500
154.270,800
6.714.300
6.343.300
3.484.300
4.080.400
7,lu5,300
3,709,100
Including the Item “ due to other banks.’
154,781,200
Loans.
L. Tenders.
Deposits.
$
*
*
16.0)8.105
77,439 384
78,675,853
78,061.829
“
16.773.332
17,351,141
Unlisted Stocks and
31,371.60!)
84,097,83*
31,806,600
91,946,849
Philadelphia banks
follows:
1831.
Oct. 24
31
Nov. 7
Circulation.
0
11,106,828
11.069.145
11.032,79 J
67,330.507
67.008.778
66.423.240
Bonds.—The followin'
ported quotations for securities that are not ‘
Stock Exchange:
m,, A$ked. i
Am. Cable Constr. Co.
Am. Railway Imp. Co
45
*48
6 %
6
5%
Do
pref
4%
Amor. Elec. R. A Pow.$300
Boat. H. A E.f newst’k
‘2%
Us
Do
old stock....
Continental Constr.Co. 80
Central Railway C011strucVn Co. (D.L.W.) 29%
Chic. Burl. A Q. rights. 16 %
Chic. M.A St. P. rights
*1 %
Cin. A Georgia subs... 38%
Denv. A R.G.subs.new 84
Do
subs., old
Edison Electric L. Co.800
Gr. Bay A Minn. st’k.. 14
$550
2%
1%
82
*31
*16%
85
:
900
14*2
Grand Rapids A Ind..
[. C. A L. old Stock
15
18
Internat. Imp. Co. ex.
Iron 8teamboat stock.
1st mort. bds
Do
Kan. A Neb. 1st mort..
Do
2d mort
98*4
99
1%
40
81
86
Keely Motor stock
24
Lebanon Springs 1st.. 22
Lihigii AWilkesbarre. 31
Louisv. A N. right3
$1 10
Markland Elec. Light $1
28
Mid.RR.of N.J.ass.stk
16
Do
A stock
13*2
10
Do
B stock
8
Mexican Nat. subs., ex tl2%
70"
Do
bonds, ex... 68
Do
stock
......
Mat. Union Tei. subs
20
25
95
?
Agg. Clear
$
55.C19.743
48.85J,774
54.704.203
are the re¬
listed” at the
Missouri Pacific rights
N. J. Southern
N.Y. Loan A Imp. Co.
N. O. Pacific subs
North River Const. Co.
N. Y. Ch. A St. L. subs.
Bid. Asked.
%
....
1%
1
85
80
*19
*17
21
16
16
20
Oregon Imp. Co. 1st M. 95 *2
93
Do
stock
Oregon Trans., full p’d 83%
Ohio CL. subs., $600 pd.$250
Pacific R’y Im. Co.,ex/ —
Rich.A Al.
*40*2
83,08;, 320
31,43).100
93.9V2.20)
9 >,546,300
93,570,400
Philadelphia Banks.--The totals of the
are as
20,003.400 1031.882,159
the totals of the Boston
0
0
Clear
$
19.919.000 95.3,850.125
19.943,000 831.124,243
Deposits.* Circulation. Ajg. Clear
L. Teniers.
Specie.
s
%
*
$
*
1881.
L. Tenders.
Specie.
Atlantic A Gt. West..
cent basis in 1381; G per cent in 1880.
J Including Ohio Divisiou.
i Including leased lines.
U. S. Sub-Treasury.—The following table shows
and payments at the Sub-Treasury in this city, as
balances in the same, for each day of the past week:
Natlon’l
Butchers’&Drov.
Mechanics’ A Tr.
Greenwich
Leather Man’f’rs
Seventh Werl...
State of N. York.
American Exoh..
.
“
othtr
than U. S.
I
1.707.000
1,496.000
1.187.400
1,305.000
8,3:12,000
7.4-H).fK)0
6.040.700
2,050,000
2,000,000
2,000,000
1,200,000
3,000,000
1,000,000
Union
A.merica
Phoenix
333,501
N.Y. L. Erie A W Auirust
1,772,895 1,606.874 13,557,369 12,278,914
49,998
N.Y. AN. Engl’d 3d wk Oct.
60,059
500,747 4,038,046 3,332,461
N. Y. Pa. A Ohio. .Septemb’r. 426,360
235,910 1,826,551 1,673,402
Norfolk A West.. .October... 211,673
Northern Central .Septemb’r.
429,565 464,093 4.030,250 3,534.104
353,156 3,107.072 2,088,158
Northern Pacific .October
565.485
October...
81,631
Ohio Central
Ohio A Miss
August
338,041 390.997 2,368,562 2,477,185
50,585
281,388
.273.192
46,784
Springf. Div. .. August
9,301
Ohio Southern... .4tli wk Oct.
379,502 3.530235 2,850,129
472.800
Oreg’n R. Nav.Co October
424.183
315,523
12,464
9,142
Pad. A Elizabetht .3d wkOct.
“
Tenders.
f
$
2,000,000
New Fork
Manhattan Co...
Merchants
Mechanics’.
335.690
326,836
11,151
9,700
Cairo A St. Louis. 3d wk Oct.
31,499
42,016
Carolina Central August....
Central Pacitic... October ...2 514.000 2,120.229 19,681,791 16.403,12 i
247.303 2,031,219 2.003,635
Che8. & Ohio
Septemb’r. 247.141
188,637 6,211,169 6.446,728
Chioago A Alton . 4tli wk Oct. 196.645
Chic. Burl. & Q... Septemb’r.2,262.981 1,862.285 15,123,831 15,129,851
31.119
42,465
Chic. & East. III. 4th wkOct.
37,366
37.570
Chic. A G.Trk. Wk. end.Nov. 5
319,152 13,981,000 10,565.919
Chic. Mil. A St. P 1st wk Nov 379.000
424,650 13,425,497 16,507,135
Chic. A North w. ,1st wk Nov 486.200
221,737 2,369,223 2,070,425
Chic. St.L&N.O August.... 257,700
79.129 3,255,206 2,516,159
85,473
Chi.St.P.MinAO. 1st wk Nov
81,780
OH,177
Chic. A W. Mich. Septemb’r.
209,881 1,909.488 2,001,917
Cin. Ind.St. L.AC .October... 212,606
148,437
225,000
Cincinnati South .August
734,343
26.277
759,643
21.838
Cin. A Springf. . .2d wk Oct.
93.628
99,419 3,496,739 3,432.089
Clev. Col. Cin. A I .2d wk Oct.
35 i, 353
343,127
11,755
12,358
Clev. Mt. V. A Del 4tli wk Oct.
201,296
Col. AHock. V., Ac October... 213,068
110,187 5,145 446 2,819,935
Denver A Rio Gr 1st wk Nov 138.782
257,019
9,209
330,533
10,876
Dee M. A Ft. Dod ge 4tli wkOct.
116,602
129,369
Det. Lans. A No. .October...
935.317
396.912
29.090
27,896
DubuqueA S.City .4tli wkOct.
302,389
332,000
Eastern
August
303.518
East Tenn. V. A G .October... 315,641
49,708 1,522,984 1,291,877
54.723
Flint A Pere Mar ,4th wkOct.
147,785
147.785
Gal.Har.A San A..Septemb’r.
115,201 4,416,347 4,3i9,i*97
Gr’t Western.Wk .end Nov. 4 110,229
8.371
8,718
Gr’n Bay A Minn .1st wkOct.
73,563
Gulf Col. AS Fo. October... 127,420
73,029 1,S36,272 2,074.609
Hannibal A St. Jo.,4th wkOct.
62,721
73.180
106.539
9.205
15,078
Houet.E.AW.Tex..Septemb’r.
96.163 2,554,922 2.230.371
83.336
Hmist. A Texas C..3d wk Sept
638.110 5.5G 1.264 5,399.275
IllinoisCen. (Ill.)..October... 655,867
192,101
1,524,289 1,448,658
Do
(Iowa). October... 174,458
50,896
50,230
|Indiana Bl. A W. 4th wkOct.
352.645
425.386
44,424
47,005
Ind. Dec. A Sp....October...
96.015
90,125 2,133,653 1,445,643
lnt. A Gt. North.. 4th wkOct.
83,551
Iowa Central
Septemb’r. 101.068
650,931
20.432
839,497
K. C. Ft. 8.A Gulf.,1st wk Aug
23,506
931,916
85.613 1,153,584
39.822
Bake Erie A West.,4th wkOct.
218,132
2 49,231
40,537
41.279
Iiouisa. A Mo. R.. July
Nov.
Net dept’t
Legal
Specie.
~
Week
5 i>er
Loans and
discounts.
period mentioned in the second
,—Latest earning8
*
[VOL. XXXIII.
siibs.$l,200
paid
$190
Roch’r A Pitts’g rig’ts.
2 *9
So. Carolina RR. stock 42*9
Do
2d mort
124
70
Do
non-morfc..
.
Selma Rome&D. 1st M
Do
2d M. stamp
Do
2d M., clean
Do
incomes....
Do
stock
St. Jo. A West, stock
St. Jo. A Pacific 1st M.
Do
2d mort
Scranton Construction
Seney certs
3*9
2*9
Texas Pacific sub
Texas A Col. Imp
U. S. Electric Light
85
Premium,
t Discount,
$265
*5
41
75"
5%
5*2
4%
3
1%
75
J1*
95
Co. 110
Yicksb.Mer’n com.st’k. I)
*
95
84%
20
90
35
90
88
Still, com —
Texas,St.Louis RR.sub 93
State Line A
901s
95
par
par
150
15%
.
November
THE CHRONICLE.
13,1881. J
to the report.
Bonds of the company to the aggregate amount
of $413,000 have been paid, and no new bonds have been issued.
To carry on the business of the company in the next year it
%nvtstmmts
AND
STATE, CITV AND
may
year
CORPORATION FINANCES.
Investors’ Supplement contains a complete exhibit of the
Funded Debt of States and Cities and of thz Stocks and Bonds
of Railroads and other Companies. It U published on the last
Saturday of every other month—viz., February, April, Jane,
August, October and December, and is furnished without extra
charge to all regular subscribers of the Chronicle. Single copies
are sold at $2 per copy.
The
REPORTS.
ANNUAL
Old
Colony.
'
(For the year ending September 30, 1881.)
company’s lines are as follows : Boston to Newport, R.
This
525
I. 67*79 m.; South Braintree, by Middleboro, to Somerset Junc¬
tion, 37*60 m.; South Braintree to Plymouth, 25*94 m.; Braintree,
fcyCohasset, to Kingston, 32*36 m.; Cape Cod Line, Middleboro
to Provincetown, 85*77 m.; branches, 54*38 m.; total owned,
303*84 m.
be desirable to issue notes or bonds having more than one
to run, and the directors ask for authority from the stock¬
holders to issue such notes
or
bonds to the amount of not
ceeding $500,000.”
*
*
*
*
ex¬
“
The business of the year has’ been
shown a fair increase over the very large
satisfactory. It has
business of the pre¬
ceding year, and has been the largest ever done over the lines
now operated by the Old Colony Railroad Company.
But this
increase in business has its burdens
as
well
as
its benefits.
As
appears from this report, it has entailed large expenditures
upon lands and equipment to enable its transaction with econ¬
omy to the company and satisfaction to the public.
The
growth in business is still going on. It has been greater in the
past three months than in any part of the year, and the direct¬
ors have felt obliged to devote a considerable part of the
income to provide for the future wants of the company. The
expenditure upon road-bed, rails, equipment and stations has
been greater than the average amount necessary to keep them
in good condition.
When the business becomes stationary, and
there is less pressing demand for increased accommodations, the
expenses can be greatly diminished ; but in the present con¬
dition of the business the directors have considered it
the
New Bedford road and append¬ better
policy to meet this demand out of the income, so far as
Bedford, 91*02 m.; South Fram¬ possible,
instead of increasing the capital invested. For this
ingham to Lowell, 26*12 m.; Fairhaven to Tremont, 15*17 m.; reason they have transferred $90,000 of income to the improve¬
seven short branches and connections, 19*14 m.—151*45 m.; total
ment account, to be applied to improvements of the road and
operated 455*29 m.
The operations and earnings in the two last fiscal years em¬ equipment which are necessary to meet immediate demands.’*
Great Western of Canada.
braced the following:
Boston Clinton Fitchburg &
ages leased: Fitchburg to New
1880-81.
.
Ton miles
The earnings
1879-80.
.
5,924,030
39,187,583
1,441,618
53,794,401
Passengers carried....
Passenger miles
Tons freight earned
for those
years were as
follows
5.526,279
89,502,519
1,371,449
51,169,628
:
1880-81.
Freight
Total
84,160
84,842
2,499,601
$3,518,769
2,317,122
$1,246,846
1,201,647
$3,746,448
:
Expenses, including taxes
earnings
The result of the year
$1,797,238
1,493,531
143,157
138.966
Mails, &c
Rents and miscellaneous
Net
1379-80.
$1,913,925
1,609,395
Passengers..
1880-81 was as follows:
Net earnings
•.
Interest accrued.
1
Less interest received
$370,341
Balance interest account
Rentals
r
$309,166
403,190
$1,246,946
REVENUE ACCOUNT.
The
of the half year compares
with that of the
responding period to the 31st of July, 1880, as follows :
revenue
July 31, ’80.
receipts (main lino and branches)
£437,433
Work’g exps., inolud’g transfors to reserve funds 301,228
July 31J81.
£470,725
330,006
Gross
Interest
on
90,000—1,237,012
$9,833
754,619
Surplus for the year.
Surplus, Sept. 30,1880..
$764,452
Total
$2,571
2,618—
5,189
$759,262
Surplus Sept. 30, 1881
£136,205
£140,719
103,145
100,154
£33,060
1,787
£40,565
4,674
bonds and debenture stock, leased
lines, balances, and all not revenue charges...
Balance from the
previous half year.
company, making a total sum available
for divinend of £57,568—an amount in excess of the correspond¬
ing half year of £13,474.
year 3,653 tons steel rails and 181,206 new ties
were laid.
There are now 186 miles of the main line and 73
miles of the leased line laid with steel. Several new stations
were built and eight new bridges.
A branch 114 miles long
was built from Taunton to the Whittenton Mills ; it is proposed
to extend it to Raynham. There were two engines and 95
EARNINGS.
The gross receipts on the
increase compared with those
July, 1880, of £32,292,
Increase
Increase
Increase
Increase
as
main line and branches show an
of the half-year ended the 31st
follows :
in passenger earnings
in freight and live stock
£19,677
12,610
earnings
in mail and express freight
in rents and sundries
earnings
973
32
During the
freight
cars
£33,292
WORKING EXPENSES.
The cost of working the main line and branches amounts to
£330,006, against £301,228 in the corresponding half year, an
increase of £28,777. The usual comparison of the gross earn¬
added to the equipment; 3 engines, 6 passenger ings and working expenses per train pile for the last six
condemned. corresponding half-years show the following results :
and 52 freight cars were built to replace old ones
The improvement account was as follows :
Earnings
$70,000
Balance, Oct. 1, 1880
Premium
stock sold
118,357
Charged from earnings
90,000
on
....$278,357
Total
South Abington improvement
Second tiaek
$25,874
93,114
118,989
$159,867
Balance, Sept. 30,1881
The general balance sheet is thus
condensed
Stock
Bonds
Bills payable
Accounts
:
$7,533,S00
1
5,324.000
208,057
and balances
Improvement account
Surplus
-
$14,518,398
Road and equipment
$11,985,657
725,500 V
15,340
488,225
Old Colony Steamboat Co
&
Cape Cod Steamboat Co
Other railroad property
Peal estate
286,987397,260
542,028
Materials
Cash and receivables
Debit balances
533,410
159,867
759,262
Total
Nantucket
cor¬
Railway held by this
627
434,628
Balance, Wallaston accident
•Sundry claims and accounts
the half-year ended the
Surplus
£45.239
£34,847
To this balance of £45,239 is added the sum of £12.329, being
divided on the shares of the Detroit Grand Haven & Milwaukee
61,174
Loss on Union Freight RR
Dividends, 6 per cent
Credited improvement account
(For the six months ending July 31, 1881.)
The accounts of the company for
31st July, 1881, have been presented.
-
Half-years
ended.
July
July
July
July
July
July
31, 1876
31,1877
31,1878
31,1879
31, 1880
31,1881
/—Work'a exps.—,
per
traiti
mile.
d.
s.
Per
train
mile.
4
3
3
3
3
3
3
1014
9bj
4
4
4
4
11A
4
11
2
1L
s.
d.
Per cent
0/gross
receipts.
6%
2
1*2
5%
612
73-63
74-41
7605
75-92
69-78
71-93
WABASH CONNECTION.
The branch railway between Butler and Detroit, referred to
in the last half-year’s report, not having been open throughout
for traffic prior to the 31st July, little advantage is shown from
this connection in the present accounts. The line has since
been taken over by the Wabash Company, and is expected to
be in full eperation before the close of navigation. The
directors have to report the conclusion of agreements between
the Lake Shore & Michigan Southern, the Canada Southern,
and this company for a division of traffic to and from the
Southwest in connection with the Wabash St. Louis & Pacific
Railway.
GENERAL INVESTMENT
87,398
NEWS.
$14,518,398
Stock
was
increased $400,000
and bonds decreased $403,000
during the year.
“During the year past, four thousand shares of
have been sold. On these shares a premium
value of $118,857 has been realized. While
returns
shares
new
stock
above the par
in the form of
adopted by the railroad commissioners the premium on
bonds sold is returned as income, it can in no sense
be regarded as income to be divided, and this amount has been
or
credited to the
improvement account.
This account is annexed
Arkansas State Bonds.—A dispatch from Little
Nov. 5, says : “ The Attorney-General of the State,
to
an
Rock, Ark.,
in response
inquiry from the Governor, has given an official opinion
that the railroads to whom State aid bonds were issued a few
years ago are legally liable for the payment of the bonds..
There are $5,350,000 of these bonds outstanding, issued to the
following roads: Memphis & Little Rock, $1,200,000; Little
Rock & Fort Smith, $1,000,000 ; Little Rock Pine Bluff & New
Orleans, $1,200,000 ; Mississippi Ouachita & Red River, $600,—
L^ol. XXXHL
THE CHRONICLE.
526
struction company. Chief among the supporters of the new
$1,350,000. All of these roads are road appears the Erlaager syndicate, whioh controls the
now completed, and are doing a good business, with the excep¬
great Southern system of railways.
tion of the latter two, and work is being vigorously pushed on
The route determined upon for the new road, according to the
the Ouachita Road. Senator Garland, Governor Churchill,
prospectus, is as follows : Starting from Cincinnati, the line fol¬
ix-Chief Justice McClure and others have expressed opinions lows the
jjnorth bank
of the Ohio River to Portsmouth,
similar to that of the Attorney-General. Suits are to be insti¬ thence to Gallipolis,
on the Ohio River, a distance from Cincin¬
tuted in the United States Court at once to force the railroad nati of about 150 miles. Crossing the Ohio River there into
companies to settle the question.”
West Virginia, the line follows the Great Kanawha River a dis¬
—The American Exchange says of this : “ The claim of the
tance of 54 miles to Charleston, where it connects with the
holders of the Arkansas State bonds issued by the railroad is
Chesapeake & Ohio Railroad, coming up from Richmond. From
based upon the following decision in the case of the Florida Charleston the line turns northeasterly and follows the valley
Central Railroad Company again-t Schutte, recently decided by of the Elk River for some 160 miles to its head-waters at the
the Supreme Court of the United States, opinioned by Chief
Alleghany Mountains; crossing there through a remarkably
Justice Waite. In this case the bonds had been declared uncon¬ low
gap,
a
only 73 feet to the ’mile, it passes a
€00, and
Arkansas Central,
stitutional by the State courts, and suits were brought arainst
the roads and prosecuted to a successful termination. In
course of the opinion. Chief Justice Waite says: ‘We
then, to inquire whether the companies, or either of them, can
the
proceed,
auccessfully defend the Schutte suit. At the outset it will be
conceded that the State bonds are unconstitutional. The Su¬
preme Court of the State has three times so decided in cases
where the question was directly presented by the pleadings,
and apparently fully argued,’ &e.
But it by no means follows
upon
grade of
distance of about nine miles to the north fork of the south
branch of the Potomac River, and thence by the banks of same
for some 60 miles to Moorefield, n^ar the b )un lary of Virginia
and West Virginia. Thence the line crosses the country, via
Winchester and Leesburg, to the Potomac River, a distance of
about 104 miles, and crossing that river at E Iward’s Ferry, it
through the State of Maryland about 57 miles to the
Thus the line extends a total distance of
601 miles from Baltimore to Cincinnati, of which distance 331
that because the State is not liable on its bonds, the companies
miles—nearly two-thirds the entire length—are along th§
are free from responsibility under their statutory mortgages.
banks of rivers.
By the express provisions of the act, the State bonds were to
There are 208 towns and cities directly on the line of tha
be given the company in exchange for its own bonds. The
road, of which 188 have no railroad connections whatever.
company, not the State, W8S to use and dispose of the State
counties, with an average population of 33,043, are
bonds. The object of the State was to aid the company with Forty-two
its credit. The State bonds were to be made payable to bearer passed through. The estimated cost of construction given in
the prospectus places the maximum cost of a first-class, steeland negotiable, while the company bonds were to the State
lail, single track railway at $25,000 per mile,' or $15,000,000 for
alone and not negotiable. The company bonds were to be the 600
mUes. To this the cost of erecting depots, warehouses,
coupon bonds, payable at the same time and olace as the
elevators,
grain
establishing repair shops, providing side tracks
State bonds, and, if the company paid its interest
in and rolling stock,
and constructing telegraph lines, it is esti¬
gold, it was the duty of the State to pay in the same mated will add not more than $10,000,000, thus providing a com¬
It is clear, therefore, the intention was that, as plete road in running order, fully equipped, for $25,000,000.
way.
between the State and the company, the State was to be This
sum, says the prospectus, is only about one-fourth of the
the guarantor of the company bonds and the company the
amounts expended in establishing the other lines from Cincin¬
principal debtor. With the public, however, it was different. nati to the sea-board. The construction company which, it is
There the State was the debtor, and the company was only
announced, will build and equip the road is to be *nown as the
known through the statutes under which the bonds were put
Union Improvement Company, and will have a ready cash capi¬
out, and the certificates indorsed on the bends itself, which were tal of $10,000,000. The projectors of the new road will hold a
that the S^ate held 4 the first mortgage bonds of the railroad
formal meeting next week, at which full plans for the future
company for a like amount as security to the holder thereof.’ will be determined upon.
Such bonds of the State with such indorsements the company
California & Oregon.—Arrangements have been made for an
put on the market and sold. Under these circumstances the
immediate
extension of the Cal'. & Oregon R.R. from Redding
certificate of the Governor as to the security held by the fctate
to
State
the
line. The Oregon Central will build down and
is in legal effect the certificate of* the company itself, and
meet the extension of the California & Oregon at the State line.
equivalent to an engagement on the part of the company that In a short time Sacramento will be connected by direct rail
the bond, so far as the security is concerned, is the valid obli¬
communication with Portland, Oregon. This, it is expected,
gation of the State. The case is clearly within the reason of will be
accomplished in less than two years.
the rule which makes every endorser of commercial pap^r the
guarantor of the genuineness and validity of the instrument he
Central Construction Company.—The Central Construction
indorses.
We cannot doubt that under these circumstances the Company, which was organized to construct the telegraph
company is estopped so far as its own liabilities are concerned lines of the American Union Company, went into process of
from denying the validity of the bonds. Having negotiated 1 quidation immediately after the consolidaTon of the American
them on the faith of such a certificate, the company must be Union with the Western Union. A majority of the directors
held to have agreed, as part of its own contract, whatever that recently petitioned for leave to withdraw the petition for the
was, that the bonds were obligatory.
It is next contended that dissolution of. the company, but without stating any reason for
as the bonds were fraudulently put out by the officers of the
their change of mind.
Judge Barrett, in Supreme Court,
companies, and are unconstitutional, the recovery must be con¬ Chambers, before whom the application to withdraw had been
fined to the amount actually paid for the bonds to the agento of made, has rendered a decision granting the application and
the companies.
As we have endeavored to show, the bonds, discharging the referee previously appointed from his duties.
although void as to the State, are valid as to the company that
Central Railroad & Banking Company of Georgia.—The
sold them. To this the Chief-Justice answers as follows :
Having been put on the market by the companies as valid earnings and expenditures of this company for the year ending
bonds, the companies are estopped from setting up this uncon¬ Aug. 31, 1881, have been—
EARNINGS.
st itutionality.
As against the companies, they occupy in the
$1,964,435
market the position of commercial securities, and may be dealt Central Railroad, Savannah Division
.741,923
with and enforced as such. The companies, through their Central Railroad, Atlanta Division
Central Railroad Bank
41,506
faithless agents, are in a position where they must meec those Southwestern Railroad...
945,529
14,496
they have dealt with commercially and respond accordingly. Upson County Railroad
F >r commerce commercial paper means what on its face it
Total for roads and bank
$3,707,891
lepresents, regardless of what its maker or promoter may have
EXPENDITURES OF ALL KINDS.
got for it. The bonds of this State in the open market pur¬ Central Railroad, Savannah Division
$1,168,272
ported to be what they called for. The companies put them Central Railroad, Atlanta Division
475,158
out, and in legal effect, as we think, indorsed them. A bona ( entral Railroad Bank
1 tf,04l
643,189
fide holder can now require the indorser to respond to his southwestern Railroad
12,736 2,318,396
indorsement commercially; that is to say, by paying what he Upson Coun>y Railroad
in effect agreed the maker must pay.’ ”
passes
City -of Baltimore.
,
“
4
—The State Board of Finance on the 31st ult. made an order
directing the Treasurer of the State to call in for redemption,
on or before January 1, 1882, $80,000 of the 5-10 years 10 per
cent bonds of the State. These bonds were issued under the
acts of May, 1874, and March 4, 1875, and are commonly called
Baxter war bonds. The condition of the sinking fund justifies
such action. This order will make an annual saving to the
State of $8,000 in interest.
.Baltimore Cincinnati & Western Central.—Of this project¬
ed road the New York Times reports that it is the old p’an of
a railroad from Baltimore to Cincinnati to run parallel with the
line of the Baltimore and Ohio, which has been revived. A
prospectus of the new road has been issued, in which its projectors claim that they are acting in perfect good faith, and
aver
assured, more than a
capital having been subscribed. Ex-Secre-
that the construction of this road is
sufficient amount of
tary of the Navy Richard W. Thompson has accepted the presi¬
dency of the company, and is to be associated in the manage¬
ment with Henry B. Hammond, President of the Indianapolis
Decatur & Springfield Railroad and of the Boston & New York
Air Lin©., The latter gentleman will b© at the head of the con¬
$1,389,494
Compared with the previous year, the earnings of the com¬
pany have increased $517,401, and the expenditures $665,841,
Leaving net—v
showing
a
decrease in the net receipts of $148,440.
Chicago St. Paul Minneapolis & Omaha.—In the Chronioli
441, was quoted an abstract of this com¬
pany’s report to the Wisconsin State Commissioner. It appear*
that the earnings were there given for the portion of the com¬
pany’s lines in Wisconsin only. There was also an extraordi¬
nary statement of 44 floating debt,” which is explained below by
the Auditor of the company in a statement prepared for the
Chronicle. It is to be regretted that the officers of this com¬
pany decided to make no annual report for the year ending
of Oct. 22, on page
e
June 30, 1881.
The Auditor writes: 44 In
Commissioners
we
preparing our report for the State
as nearly as possible, the re¬
have followed,
what li
deduct
material on hand
quirements of the printed blanks, and have shown
called by them 4 floating debt ’ separately, instead of
ing, as we properly might have
and cash assets on the
done, the
opposite side of the balanoe
sheet.
IfeTSMBum
527
THE-CHRONICLE.
13,1881.]
Bloomington
Indianapolis
& Western.—While Judge
the items shown in the report for publication Drummond
was
in Indianapolis two weeks ago, he was
the correspondent has taken only the stock and debt as shown
chiefly occupied in disposing of a large number of in¬
therein, without publishing the figures shown on the other tervening claims in the foreclosure suit
against the
■ideot the balance sheet, exhibiting the assets representing Indianapolis Bloomington & Western Railroad.
The Court
the stock, funded debt and floating debt (so called).
found that between $550,000 and $600,000 had been diverted in
•«*The item of floating debt thus published is composed as fol¬
payment of coupon interest, and in permanent improvements
lows :
and betterments of the road, which ought to have been applied
rvnmons unpaid (not called for)
$68,766 58 toward the payment of these intervening claims for supplies,
*i
jn
drawing off
interest on bonds (coupons for which are not
yet due).
rurrent vouchers for supplies (not yet due), and pay¬
rolls (not Y**t due)
Bills payable (iuolu .iug $293,895 58 standing in bids
Ar*nrued
162,310 00
688.846 60
etc.
The Judge also
disposed of claims amounting to upward
of $500,000 for car-service, labor, supplies, materials furnished,
etc.
The railroad had been sold under the mortgages, and a
reorganization had been made by the purchasers under which
364.637 58 the line had been operated. The purchasers of the main
Taxes accrued (not yet due)
93,010 74 and extension lines were different, and they were
Agents’ drafts (not yet presented for payment)
4,578 73 put in possession, subject to the payment of these
Dividends unpaid
932 75
Balance due on rolling stock contract
26,442 11 claims allowed or to be allowed by the Court. The
Total
$1,409,525 09 purchasers had made provision for the payment of the claims
by the issue of bonds, the proportion to be issued by the main
As an offset to this was shown on our balance sheet the fol¬ and extension lines being settled by stipulation between the
lowing cash or auick assets, from which we might with pro¬ parties. The principles on which all the claims were to be
priety have deducted the unpaid items above scheduled, and settled were established. Monday the decree was drawn to be
shown a balance of assets instead of showing two items, one of entered at Indianapolis yesterday, and at Springfield to-day,
directing the purchasers to pay the claims within sixty daya.
assets and the other of liabilities, viz.:”
Although it was not the practice to allow interest on such claims
Cash.
v-..$ L,617,881 41 in
the case of the sale of an insolvent railroad, where the mort¬
Agents’ remittances, in course of transmission, and
freight bills uncollected iu the hands of agents
239,188 85 gages lose a large portion of their debt, yet in the present case
alan'ces of accounts with railroad companies, various
a small part of the interest due was allowed, the purchasers
persons, corporations; United States Post Office De¬
partment, and American Express Company
109,503 49 having taken possession of the property in 1877. All the
the other side of the balance
rpiooivable account on
Seat)
-
--
<•
Bills
receivable (St. Paul & Sioux City Railroad notes,
billstopayable
& Omaha
andbooks)
standing
since olosed
Sven
the St. Paul
Company,
on the
account,
Material and fuel on
hand
claimants
296,895 58
526,622 35
$2,790,091 68
Total
Confederate Currency.—In view of the recent interest in
Confederate bonds, Messrs. Thomas P. Miller & Co. of Mobile
have furnished us their “ War card,” showing the monthly
were
decreed to bear their share of the expense in¬
curred in establishing their rights, including legal fees, the costs
having been, as a matter of fact, borne by a few, though all
received the benefit. The general costs are to be paid by the
purchasers.
The latter intend to take the case to the Supreme
Court of the United
States.—Chicago Tribune of November 2.
Manhattan Railway.—The annual meeting of the stock¬
holders of the Manhattan Elevated Railway Company was held
on Wednesday.
The following directors were elected: Jay
prices of gold and Confederate currency in Mobile during the
and we give below the prices on the 1st of each month.
Gould, Russell Sage, John H. Hall, William R. Garrison.
Edward M. Field, Henry F. Dimock, Cyrus W. Field, Samuel
,—1962.—>
1864.— >
1865.
1863.
,
Cur¬
Cur¬
Cur¬
Cur¬
Sloan, Sidney Dillon, George I Gould, Washington E. Connor,
Gold.
Gold.
rency.
rency.
Gold. rency. Gold.
rency.
Dak.
100
100
310
3,400 George S. Scott, and Robert M. Gallaway. A report oft he settle¬
100
120
1,800
1...10O
Jan.
ment between the New York, the Metropolitan and the Manhattan
100
100
5,000
300
100
125
1,900
1...100
Feb.
100
100
4.700
350
2,000
140
100
March 1...100
companies
was read and approved, and the following resolution
100
100
460
100
2,000
5,000 was
165
April 1...1O0
passed:
100
515
100
170
1,600
1...100
May
That while the stockholders of this company regard with
100
625
100
1,8C0
190
June 1...100
100
1,700
700
100
satisfaction the settlement thus made with the New York and
190
July i.. loo
100
2,600
100
2o0
1,000
1...100
Aug.
Metropolitan companies, they recommend that measures be
100
100
3,000
225
1,400
1...10>
Sept.
taken to merge into the stock of this company the stock of the
100
100
250
2,500
V'OO
1...I00
Oct.
100
two other companies—that is to say, that a surrender or trans¬
loo
2,500
300
1,200
1...100
Nov.
100
100
2,700
300
1,750
1...100
fer of the capital stock of the New York and Metropolitan
Dec.
Dallas & Western.—Articles of incorporation of the Dallas companies be made by their stockholders to this company and
& Western Railway Company have been filed in the office of accepted by it; and for that purpose they approve and author¬
ize the issue of the like additional amount of the stock of this
the Secretary of State of Texas. The proposed line of road
will extend from some point in or near the city of Dallas, thence company, not exceeding in the aggregate the stocks of the
New York & Metropolitan companies-that is is to say, $13,running in a northwesterly direction to a point on the Rio 000,000—on such terms and conditions as may be agreed upon
Grande in the county of Presidio ; and also a line from some
hel ween the three said companies.”
point on the main line in Haskell or Throckmorton county ;
Subsequently the new board met and elected the followingthence running in a northeasterly direction to some point on
officers : President, Jay Gould; Vice President, Robert II.
the Red River, in the county of Wichita or Clay, being a total
distance of 750 miles. The principal office of the company will Galloway; Secretary, F. E. Worcester; Treasurer, John E.
be in the city of Dallas. The amount of the capital stock is placed Body ; General Manager, F. K. Hain.
—‘President Gallaway wrote a letter to Mr. Cyrus Vv\
at $750,000, in shares of $100 each, with the privilege of increas¬
Field relative to the earnings for the year ended Sept. 30, i.t
ing the capital stock from time to time to any amount required
he says :
for constructing and operating the road. The following are the which
“During
the month of March I caused a count to be made of the pass ti¬
names and residences of the incorporators: Jno. W
Forney,
transferred from the Second to the Third and from the Third to i..c
Samuel J. Randall, W. H. Brady, Frank Link, Thomas J. gers
Second Avcnne lines at Chatham Square daily. During the entire mourn
Everett, W. W Restsell and James Forney, State of Pennsyl¬ 205,618 passengers were transferred from the Second Avenue line to . '.e
vania ; Chas. H. Cole, J. W. Throckmorton, W. M. Walton and 'I hird Avenue line. Also 30,280 passengers transferred from the CityHall branch to the Second Avenue line. Tu the first instance the farosC. C. Slaughter, of the State of Texas.
were collected by and credited to the Secoud Avenue line.
In the las ,
the fares were collected by the Third Avenue line and
Eastern (Mass.)—The returns made to the railroad commis- instance
credited to the Third Avenue liue. This would give a balame
aioners bv the Eastern Railroad for the year ending September of 175,338 passengers in favor of the Third Avenue liue. Tne
80 give the following particulars in comparison with the pre¬ average fare received was 6 81-100 cents, making $11,939 for the
mouth. This being an average mouth wou d give $143,268 for the yea
vious year:
The total net receipts (according to
iu favor of the Third Avenue liue.
1880.
1881
the books of the Manhattan Company) of the Metropolitan E evated
Gross earnings
$2,904,055
$3,Ou7,279 road was $935,566, and of the New York Elevated road $1,073,12:
Operating expenses and taxes
1,820,128
1,969,672 Deducting $143,268 from the Metropolitan line and adding the same i *
the New York Elevated would give $792,298 for the Metropolitan E. $1,087,927
$1,127,600
Net earnings
vated and $1,216,692 for the New York Elevated road.”
$671,697
$667,558
Interest
The use of the shops I arrive at as follows:
226,239
218,330
Rentals
l have received plans and estimates from our engineers showing that
186,993
241,711
Balance for year.
$160,000 would erect and stock a machine shop adequate for all purposes
of the Metropolitan line. I also am informed that the value of the land
The above items show an increase for the year of $189,217 in upon
which the shops would be erected is $175,000. making a total of
gross earniDgs, $149,544 in operating expenses, $39,672 in net $335,000, 10 per cent of which ($33,500) I would consider as a sufficient
rent for the Metropolitan Elevated to pay the New York Elevated
earniDgs, a decrease of $15,440 in the interest and rental, which. for
the
use
of their machine shops.
Deducting this $33,50 *
leaves an increase in the surplus for the year over the previous from the $792,298 net of the Metropolitan Elevated would lea'-.»
year of $54,718.
The following table gives details of the traffic $758,7o8 net for the Metropolitan, and adding the same to the $1,216.692 net of the New York Elevated, would give $1,250,192 net for th^
operations of the road for the past two years:
New York. The interest on the Metropolitan bonded debt for the fiscal
1881.
188°.
5,795,150 vear ending September 30 (being the time all these calculations are
Total number of passengers carried
5.249,769
inadei was $716,376, which, deducted from the $758,798 net of the*
83,411,100
Total passengers carried one mile
77,081,998
Metropolitan, as shown before, w juld leave $12,14*2 net, or an equiva¬
Average rate of fare per mile received from
lent of less than one-fifth of 1 per cent dividend on the stock of that.
1931 cts.
all passengers
1*978 cts.
1,124,061
Total tons of freight
1,021,999
The interest on the New York Elevated bonds is $595,000, wl i h,
63,099,873
Total number of ton s of 1 reight carried one mile 61,707,305
>ing deducted from the net spoken of above ($1,250,192), would b- ve
155,192, or equivaleut to a dividend of 10 8-IbOpe ceut upo.. -.a
Florida Central.—Jacksonville, Fla., Nov. 5.—The sale of
ock.
the Florida Central Railroad, extending from this place to Lake
In hnfh
atari
tllP.flA P,fl,lo,lllatiOI18 £11*0 6XCltlSIV6 01 tftX08«
City, advertised to take place to-day under a decree of the
—The Manhattan Elevated Railway Company notified the
United States Supreme Court, was postponed by order of Judge
Stock Exchange Thursday that its capital stock would be
Pardee, toDecember 11. A number of European capitalists
wrho were here to attend the sale were much disappointed that increased from $13,000,000 to $26,000,000r for the purpose of
Jt did not occur.
merging the New York and Metropolitan stock into Manhattan.
war,
,
,
,
“
n,
**
.
in
aaa
.,
,
,^
„
626
It is reported that 16,500,000 of the stock to
will be issued to the New York stockholders,
THE CHRONICLE.
paid.
On class 2 one instalment was
class 3 two instalments. About $13,000,000 of the
bonds were issued, and were readily taken up by the Norlhera.
ers at $85 and $90.
To provide for paying their interest a
special tax was imposed by the State, hence the name now
applied to the bonds. Some years ago the State debt of North
Carolina was reorganized, and these bonds, while not exactly
repudiated, were not included in the new list of indebtednevss.
The bonds have depreciated in value, until to-day they are
selling at $10, with few purchasers at that figure. Heretofore
be first preferred est was
$6,500,000 second paid, and
preferred to the Metropolitan stockholders, and the $13,000,000
remaining to be common stock. The New York Company
directors neld a meeting in the afternoon and appointed Cyrus
W. Field a committee of one to confer with the presidents of
Manhattan and Metropolitan as to the proposition of the Manhattan Company to merge the stocks. Mr. Field afterwards
said that he and Mr. Gould bad met and agreed that the
proposition should be accepted. Mr. Sage was not seen by
them. The World tavs : “It is reported that suit will be
brought by the New York Company against the Metropolitan,
claiming that the former is entitled to one-half of the Metropolitan structure between Fifty-third and Eighty-first streets,
on Pearl Street, and from Chatham Square to the City Hall, and
that the bonds issued for the building of the joint structure
yielded $200,000 per mile more than it cost, and the balance
belongs to the two companies.”
!
i
j
Minneapolis & St. Louis.—On the extension of this road from
Fort Dodge, la., southward, track is now laid to the Chicago
& Northwestern crossing at Ogden, 37 miles from Fort Dodge,
and 29 miles beyond last winter’s terminus. It is expected that
the road will reach Coaltown, 13 miles further, in another
month. The intention is to build to Greenfield on the Chicago
•
|
ever
on
there has been no relief for this class of sufferers, as the Con¬
stitution of the United States prohibits the suing of a State by
j
j
individual. The enabling act passed by the New York
Legislature last winter promises, however, Justice Flammer
! said, some relief, as under it this State will, under certain con¬
maintain against another State the suit of an individ¬
j ditions,
ual.
It was resolved at yesterday’s meeting to test their
under this law, providing a sufficient number of the
j rights
bondholders could be interested in the project. Justice Flam¬
1 mer and Mr. Hendricks were appointed a committee to confer
an
j
j
Burlington & Quincy, 90 miles from Fort Dodge. On the Pac¬
ific Division grading is about finished to Winthrop, 35 miles
beyond the present terminus at Arlington. Winthrop will
probably be the winter terminus, leaving 25 miles to build in
the spring to reach Redwood Falls. It is said that the company is considering the question of building a line of its own
from Taylor’s Falls to Superior or Duluth. The distance is
about 90 miles.— Railroad Gazette.
New York Central.—The Boston Advertiser reports : “The
Clarion Mahoning & Pittsburg Railroad is the title of the ex¬
tension of the Dunkirk Allegheny Valley & Pittsburg road,
!
with the
larger holders in Wall Street to secure their co-opera¬
adjourned suject to the call of the chair
tion. and the meeting
—N/Y. Times.
Pacific Mail—Pacific Railroads.—Representatives of the
Union Pacific Railroad Company, the Pacific Mail Steamship
j
j
j
Company and the Panama Railroad Company, held a conference
in New York this week looking to a modification, rather than to
the total abrogation, of the old contract, by which the Union
Pacific guaranteed to the Pacific Mail a freight patronage of
$110,000 per month. It is slated that, after deducting the actual
California business of the line, they have been compelled to pay
in money about $800,000 during the last year. The payments
have ranged from $59,000 to $75,000 a month. The Union
Pacific recently gave no;ice of an abrogation of the contract,
which, under its terms, will expire January 1 next. A com¬
promise committee was appointed to'settle upon an agreement,
as follows : For Pacific Mail, President J. B. Houston and Henry
Hart; for Union Pacific. President Sidney Dillon and,C. P.
running from North Warren to Brooksvi’de, Jefferson county.
The road crosses the Connewango Creek, just below Falconer’s
Island, and runs thence east of the Connewango, and crosses the i Huntington ; for Panama, President Trenor W. Park,
Allegheny River on Butternut Island, at Glade Run ; thence
running to Stoneham, crossing under the Philadelphia & Erie
St. Louis & San Francisco.—A press dispatch from St.
Railroad at Dutchman’s Summit. Then it runs down the
Louis, November 7, says: “A d^ed of trust recently issued by
Tionesta Creek as far as Blue Jay, then up the Blue Jay to Hie St. Louis & San Francisco Railroad
Company for $30,000,000
Ward’s Summit, then up Maple Creek to Brooksville, a distance j was tiled in the Recorder’s office here
Saturday evening. The
of sixty miles. The distance now by rail is 150 miles. The I deed was
given to the United States Trust Company of New
main object of the road is to
furnish the New York York, and is on the entire line of the road and its property, and
Central with coal from the Jefferson County coal mines. The not
only covers all present indebtedness of the road, but all
preliminary survey has been made about two miles up the Blue future extensions and branches. The present debt of the road
Jay, and the location lias been made from North Warren to j is $15i000,000, for which new bonds will be issued at once,
Clarendon; The grading will begin soon. The work is under j and the
remaining $15,000,000 will be issued as requirrd for
the general management of Mr. C. Karr, managing director for construction of the main line and branches. A
copy of the
the company.”
mortgage will be filed in each county in Missouii, Kansas and
New York Stock Exchange.—The Governing Committee of Arkansas through which the road runs.”
the Stock Exchange, at a meeting this afternoon, listed the fol¬
Texas-Mexican.—The Galveston News says that a represen¬
lowing securities:
American Dock & Improvement Company—The 7 per cent tative of that journal saw at the County Clerk’s office, lately,
a deed from Charles S. Hinchman and wife of Philadelphia,
mortgage bonds dated October 1, 1860, nDw upon tlie list, have
$60,000 in cash, to
been recalled, and the company has replaced them with an issue conveying, for a consideration of
the
Texas-Mexican
Railway
Company,
to
the Guarantee Trust
of $5,(00.000 of first mortgage bonds in 5,000 bonds of $1,000
and Safe Deposit Company of Philadelphia, by deed of trust,
each, with interest at 5 per cent. The new bonds are placed on
of date June 30,1877, and sold to Charles S. Hinchman by the
the regular list.
Galveston Harrisburg & Pan Antonio Railway Company— Guarantee Trust and Safe Deposit Company as trustee, on the
First mortgage bonds Nos. 1 to 4,500, each for $1,000, dated 1st of April, 1881, all that part of the railroad formerly be¬
February 1, 1871 ; Nos. 4,501 to 4,800, each $1,000. La Grange longing to the Galveston Brazos & Colorado Narrow-Gauge
extension, dated August 1, 1880; both mature February 1, 1910; Railway Company, extending from the eastern terminus of said
road in the city of Galveston to Seaforth station, comprising
same rate of interest, payable at same time; included in the
about fifteen miles of said railroad, together with all the road¬
same mortgage; are on an entire equality and are a first mort¬
beds, lands, rights of way, franchises, &c. There is also on file
gage on the total length of road, 256 miles, and sidings 20 miles.
in the County Clerk’s office a document far more formidable ia
They have been on the list and called separately. The com- I
pany requested that they be united and called as one, and the appearance and interest than tlie deed just referred to. It is a
committee ordered that the call of La Grange extension be dis¬ mortgage from W. J. Palmer as President and John Pratt as
continued and the whole 4,800 bonds be embraced in one call as Secretary of the Texas-Mexican Railway Company to the Guar¬
antee Safe Deposit Trust Company of Philadelphia, conveying
first mortgage bonds.
to the latter as trustees-all the line of railway and telegraph
New York West Shore & Buffalo.—The negotiations which the Texas-Mexican Railway Company has heretofore constructed
have for some time been pending between the New York Cen¬ and operated, and which it is now engaged in locating and con¬
tral Railroad Company and the New York West. Shore & structing, &c. The mortgage specifies the various lines of road
Buffalo Company for the acquiring by the latter company of proposed to be built, embracing 1,400 miles, and sets out the
the Athens Branch Railroad, &e., have been amicably concluded. fact that the stockholders and directors have authorized the
The West Shore Road, by this arrangement, obtains possession execution of the indenture; “ tha* they have resolved to
of the railroad built by the New York Central Company from issue mortgage bonds upon the roads constructed and to be
constructed in amount not to exceed $15,000 per mile; that this
Athens to Schenectady—40 miles long, with 4 miles of sidings
17 acres of lapd in the town of Coxsackie, and over 400 acres of mortgage is made at once to cover the issue of 2,500 bonds of
land and 1 mile of river frontage with deep water at Athens, on
the Hudson River. This branch will at once be double tracked
and made pait of the main line of the West Shore Road. This
purchase will greatly hasten the completion of the West Shore
Road through Greene, Albany, and Schenectady counties.—
JY. Y. Times.
North Carolina State Bonds.—An informal meeting of
holders of certain North Carolina bonds, to discuss the propriety
of resorting to legal measures to compel that State to
recog¬
nize her own indebtedness, was held in the Astor House last
Half a dozen gentlemen, representing
week.
$500,000
worth of the bonds—spec ial tax bonds they are called—were
forty years, drawing 6
cent interest, principal and interest payable in gold.”
the denomination of $1,000 each, to run
per
Wabash St. Louis & Pacific.—The Quincy Missouri & Pacific
division is to be extended from Trenton to Pattonsburg.
Articles of consolidation with the Wabash system were filed
Oct. 27 with the Secretary of State by the Danville & Southwest¬
ern,
St. Francisviile & Lawrencevil!e,andtlie Cairo & Vincennes,
the
this being the final step in the absorbtion of these roads by
Wabash. The stock of these roads is to be canceled, and the
holders are to receive therefor Wabash bonds to the amount of
$3,877,000, divided as follows: To the stockholders of the Dan¬
ville & Southwestern, $1,340,000; to those of the St. Francifrville & Lawrenceville, $120,000; and to those of the Cairo a
tortimer Hendricks Secretary. The bonds, it was stated, were Vincennes, $2,000,000, and $350,000 for the purchase as rolling
issued immediately after the war as State aid to certain rail¬ stock now in nse on the Cairo & Vincennes, and $45,000 to pay
roads, and were divided into three classes. Od class 1 no inter¬ the indebtedness of said company.—Railway Review.
Sresent. Police Justice Flammer was appointed Chairman and
.
November 12,
THE CHRONICLE.
1881.]
The (Commercial
COMMERCIAL
COTTON.
jinxes.
Friday, P. M., November 11, 1881The Movement of the Crop, as indicated by our
telegram®
from the South to-night, is given below. For the week
EPITOME.
Friday Night, November 11,1881.
General elections were held in this and several other States
Tuesday. Their results were not important except in*the suc¬
of the “Readjuster” or semi-repudiation party in Virginia,
and precisely how much this means is now quite uncertain.
Election day is a close holiday in this State, and to that extent
interrupted business. Rainy weather during the first half of
the week also had an unfavorable effect. The general condition
of mercantile affairs is, however, good. Exports have been
increased by the abatement of speculative values, and the force
of legitimate influences is on the increase, thus promoting a
healthy and active trade. The close to-day showed a greatlyimproved tone to the general market.
Rio coffee has declined to lie., for fair cargoes, trade being
very dull and receipts accumulating; it has been found neces¬
sary to sell some 800 bags at auction; mild grades have been
moderately active at about steady prices; at the close the entire
market is dull and nominal. Rice has been moderately active
and steady. Foreign fruits have been in fair demand at firmer
prices. Spices have been dull. Tea sold at some decline for
all kinds at an auction yesterday, but to-day at a sale of 9,000
packages, although greens were slightly lower, blacks were
generally steady, and common Amoy oolongs about lc. higher.
Molasses has been very quiet; new crop New Orleans has been
quoted at 65@74e. Raw sugar has been quiet but firm at last
week’s prices.
on
cess
ending*
evening (Nov. 11), the total receipts have reached 224.420
bales, against 216,685 bales last week, 203,241 bales the previous
week and 184,531 bales three weeks since; making the to tab
receipts since the 1st of September, 1881. 1,606,800 bales, against
1,857,906 bales for the same period of 1S80, showing a decrease-,
since September 1, 1881, of 251,106 bales.
this
Sales since November 1
Stock November 9, 1881
Stock November 10, 1880
Boxes.
4,147
2,340
51,534
52,909
3.853
6,844
8,45*2
Bags.
40,080
0,140
577.525
1,021,318
Melado.
52
4,398
Refintd sugar, after a
dull week, closed more active at firm
prices; cut loaf and crushed, 10}4c.; powdered and cube3,10^c ;
granulated, 9%c.; standard soft white “ A,” 9/£c.
Kentucky tobacco has continued quiet, but prices are firm.
Sales for the week 350 hhds., of which 200 for export and 150
for home consumption. Lugs are quoted at 6/£@7Mc. and
leaf 7/£@14c. Seed leaf has been quiet, and sales for the week
only 1,300
follows : 400 cases 1880 crop, New
England wrappers, 18@40c., and Housatonic, assorted, 21@25c.;
300 cases, 1880 crop, Pennsylvania, assorted,
12@18c.; 200 cases,
1880 crop, Ohio, private terras, and 400 cases, 18S0
crop, Wis¬
consin fillers, 2/£@3%c.; assorted lots, 7@9e., and Havana seed,
10@15c,; also 400 bales Havana fillers, 86c.@$1 20.
The provision market has continued irregular and somewhat
weak during the week, but at the close there was an
improved
state of affairs, resulting from stronger advices from the
Wesfc#
Mess pork on the spot was sold at' $17 50 ;
January options
were quoted at $18@$18 45 ;
February, $18 20@J>18 50 bid and
asked. Lard was firmer, and prime Western sold on the spot at
ir35@ll 37/2C.; December options realized ll*45@ll*50c.; Jan¬
uary, ll*65@ll*70c.; February, ll*75@li*77^c.;March, ll*87^c.j
refined to the Continent, 11 ‘60c. Bacon was dull and almost
wholly nominal at 9%c. for long clear. «► Beef hams and beef
have ruled quiet, but without essential changes. Tallow has
sold fairly well at 7%@7%c. for prime
Stearine is dull at
ll%c. Butter has been weak and dull, b:i at the close a better
tone prevailed. Cheese has declined to i 0/£@12}£c. for fair to
choice factory.
Naval stores have been irregular. Rosins have declined to
$2 50 for good strained in the face of la.ge arrivals and small de¬
mands. Spirits turpentine has advanced to 55/£c. in
yard,
owing to reduced offerings and higher Southern advices.
Petroleum has continued dull and weak. Refined for export is
now
quoted at 7/&c. Crude certificates have shown great
irregularity, but close steady with sales at 84%c. Ingot copper
has been more active and firm at 18%@l.S%c for Lake. All
other metals have been fairly active at full
prices. Hops
continue in fair export sale at 22g30c. for State, 1881. Wool
are
has had
cases,
as
moderate movement at
steady prices.
Ocean freight-room has latterly been more active, and rates
have shown more steadiness. The interest has been
evenly
divided between the giain and petroleum trades. To-day
grain
was taken to
Liverpool by steam at 4%d. standard and 4/£d.
GO lbs., and corn at 4d. 56
lbs.; bacon and cheese, 15s.; cotton,
3-16@%d.; flour, 12s. 6d. per ton; grain to London by steam,
4;6@4%d.; do. to Hull by steam, 4%d.; do. to Cardiff by steam,
4d.} do. to Avonmouth by steam, 4}£d.; do. to Bristol by steam,
a
do. to Cork for orders.by sail, 4s. 3d.@4s. 4/£d.
J/ia.j
ter, regular, and 4s. Id. free of elevating
per quar¬
charges; do. to Lis¬
bushel; do. by steamer to Newcastle, 3s. 9d.; do.
to
Copenhagen by steamer, 4s. 6d.; refined petroleum tp
Bremen by sail. 3s.(g)3s. 0%d.; do. to United
Kingdom, 3s. 6d-;
do. in eases to
Calcutta, 20c.; do. to Oran, 17/£c.; do. to Phillipbon, 12c.
per
opolis, 18c.
'
r
Sat.
Receipts at—
Galveston
Florida
Brunsw’k, Sec.
7,507
....
....
....
....
1,371
1,603
....
City Point,Sec.
•
....
19,605
003
7,774
2,004
785
0,317
209
209
29,60?
031
1,202
594
....
205
479
427
425
1,584
•
•
•
5,008
•
....
800
86H
30,680
530
201
1,207
809
Boston
771
1,109
1,899
Baltimore
793
175
5S9
Philadelp’a, <Sec.
344
80
256
403
Ill
46,305 34.304
40,389
33.590
•4
....
594
8,681
5,222
3,093
....
4,725
....
785.
37.401
4,528
....
....
603*
01,324
13,181
5,457
1,845
5.809
Totals this week 31.003
2,002
....
5,391
5,040
....
Total.
•
5,672
....
3,745
....
New York
•
Fri.
....
6,311
....
5,459
4,370
....
5,715
1,819
MorelTd C.,&c
Norfolk
3,112
•
....
....
5,021
Ft. Royal, &c.
4,073
....
....
5,819
Charleston
j Thurs.
14,220 11,305 13,813 10,080
3,532
1,849
1,750
1,002
....
Savannah
Wed.
1,047
....
6,532
2,978
Mobile
Tues.
6,901
....
New Orleans...
Wilmington
Mon.
2,350
Indiauola, Sec.
Total
Hhds.
Receipts since November 1
529
....
3,099
2,387
7,802
1,562
3,040
....
1,780
38.109 224,420
For comparison, we give the following table showing the week*»
total receipts, the total since Sept. 1,1S81, and the stocks
to-night
and the same items for the corresponding periods of last year.
1881.
Receipts to
This
November 11.
Since
Week.
Galveston
Port
785
2,777
608
4,751
37,401
35,844
380,782
79
3,130
30,630
312,320
3,987
227,047
11,107
53,207
4,857
209,196
209
29,607
Royal, Sec.
594
Wilmington
M’head City,&c
8,681
860
Norfolk
City Point, Sec.
21,810
1,083
9,974
0,90 -
Boston
7,802
1,562
3,040
43,352
5,076
10,226
1,400
12,461
85,930
63,394
......
216.
27,281
30,472
90,155 135,674
,
32,624
10,286
1880..
282,489 108,991 129,388
415
17,026
5,810
55,852 19,796 25,335
8,079
259,47C 45,339 60.076
7,403
20,338
Total
118,807
3.549
2.337
1881.
375.470 225,572 169,519
22,641
3,09t»
Baltimore
202,957
0,747
558
New York
Philadelphia, Sec.
Sep.
1, 1880.
48,088
17,216
Brunswick, Sec.
Charleston
Since
This
Week.
64,324
13,181
Florida
Savannah
Slock.
180,212
7,209
407,090
90,402
603
Mobile
Sep.
1, 1881.
19,605
Indiauola, &c..
New Orleans
1880.
r*
72,501
23,481 133,502
25,708
3,420
.
7,920
12,001
173
22,234
14,294
93,034
2,526
25,806
6,940
224,420 1,600,800 215.342 1,857,900 777,039 772,620
In order that comparison may be made with other
years, wo
give below the totals at leading poits tor six seasons.
Receipts at—
Gal vest’u,&c.
1881.
1880.
48,088
1879.
1878.
1377.
1876.
21,039
38,871
19,723
26,379
22,468
28,343
46,835
5.991
20,054
56,307
15,374
31,799
24,591
7,620
31,598
0,023
Mobile
20,208
64,324
13,1S1
Savannah....
37.401
17,216
35,844
Charl’st’n.&c
30,201
26,190
21,113
61,272
11,459
42,532
18,229
Wilm’gt’n, Sec
9.541
Norfolk, &c..
33,779
8,480
42,798
40,757
All others....
15,785
14,246
12.803
8,959
22,441
15,471
Tot. this w’k.
224,420
215,842
220,210
170,004
New Orleans.
22,374
194,571
22,906
27,130
20,413
8,146
33,928
11.405
205,606
Since Sept. 1. 1000.800 1857.906 1067.138 1304.233 1125.721
1424,903
Galvetrou includes Indiauola; Charleston includes Pore Royal. Ac. ;
Wilmlrgran Includes Morehead City, Seer, Norfolk includes City Point. <fee.
The exports for the week ending this evening reach a total
of 102,836 bales, of which 55,183 were to Great
Britain, 12,338 bo-
France and 35,315 to rest of the Continent, while the stocks aa
made up this evening are now 777,039 bales. Below are the
export3 for the week and since September 1,1881.
Exports
from—
Week Ending Nov. 11.
Exported to—
Great
Conti¬
Total
Brit'n. France
nent.
Week.
1,98
1,982
37,677
3,415
Galveston
New Orleans..
Mobile
15,u49
11,740
9,983
3,445
From
Sept. 1. 1881. to Nov. 11, 1881
Exported to—
Great
Britain. France
43,793
2,075
120.586
48,156
Conti¬
TotaK
nent.
12,823
49,268
7.970
63,0 Jt
218.040
7,W70>
Florida
Savannah
3,858
Charleston *...
1,262
4,204
Wilmington...
Norfolk
8.915
12,773
7,350
8,612
53,195
39,585
4,204
13.010
3,527 20,280
7,038
1,242
1,201
4,503
2,311
1,121
77,171
12,333 35,315 102,833
484,072
......
16.753
New York
5,198
Ronton
1,201
2,192
1,124
Baltimore
Philadelp’a,&c
Total
55,183
1880...
«4 5*n
598
•••«»«
..
..
11,033 28.401 104 T14
*lncl tides Exports from Port Royal. Ac.
76.168
8,25"*
9,206
•
11,211
21,499
17,308
•
•
...
50,609
112.054
27,019
1,421
76.440
8,860
19,600
80.031
107.00*
1
21.500
12,483
29,991
50
8,587
14.431
8.03T
78,928
182,767
745,767
6»1.2St 139,592
! 76.163
957.0331
telegrams to-night also give
In addition to above exports, oar
3.
33
shipboard, not cleared, at
the ports named. We add similar figures for New York, which
are prepared for oar special use by Messrs. Carey, Yale &
Beaver Street.
®
* °
2?^
=
g
§3El
|3fl
5*2*2
§2ff
P Q.
of cotton on
the following amounts
MB
[voi. xxxm.
CHRONICLE.
THE
{>30
•
O
:
Lamport. 60 ~
a!
ct-*
•
Shipboard, not cleared—for
JTov. ll, at—
r
France.
22,099
20,719
12,543
1.132
450
None.
500
None.
None.
9,054
15,600
1,966
3,584
4,800
2,532
None.
None.
175
None.
7,500
1,500
3,000
53,683
23.185
New Orleans
Mobile
Charleston
Savannah
Galveston
New York
10,570
4,900
6,364
1,800
Other ports
To**1
*
Included lii tins aoi Kiut
ports, the
Coast¬
wise.
Other
Great
Britain.
Foreign
Stock.
Total.
EEg
'
56,493
169.079
•
None.
450
3,350
23,474
25.300
14,446
‘2.075
12,000
26,831
85,517
71,484
PsfcS
f
642.801
1*56— 7
foreign
1 *45
dl
to
to
O CD
MM
MM
M
03
HHQ
04 0)0
1*8
r-
MM
M +*
*4 4
CD CD
CDCDt-t
r^to
1 dGO
CD' 1
<i-4
COQO^
03-Jos
| dC5
W
r
MMoo
MMO
*— M
6*3
66
0 to
Wrf*,
©Om
MtOo
•e-o
—
M f—
MM
toto
toto
toto
MM
MO
o©M
©©to
T ©p
1 dr*
Strict Ord..
Good Ord..
Btr. G’d Ord
Low Mid t’g
Str.L’w Mid
9Hi6
to to
11L
H7s
11 ®8
ISM#
137i«
Fair
Wed
Frl.
Th.
Wed
1178
123,e
12716 12716
121610 1216,0
1311.6 1311.6
t2H1Q
137ig
1016,0 1015,0
H718 117,«
111,6
11 %
1170
123,0 12*16
127.6 127,6
Holiday
“16
123.6
Good Mid., 11l5,g 1116.6
fltr. G’d Mid 123,6 123,6
Midd’g Fair
1® 11
1218.6
Wed
TH.
87*
97,«
8'8
Strict Ord..
Good Ord..
Btr. G’d Ord
Low Mldd’g
fltr. L’w Mid
Middling...
Good Mid..
Btr. G’d Mhl
97!S
9%
10%
10%
10U16 10H,« 10l» ,6 1015,6 1 015,0
H3i« 113,6 113,6 11716 117,6
1171« 11 ‘16 1171S 1111,6 Hni6
1 1
11 ^8
1 l
ll78
1178
12
123,6 12%
lli&ie 12
12%
1—7,0 12%
123,6 12%
12%
1216,6 13
Midd’g Fail 1211,« 12%
1] 37j6 I3I2
13%
13U,k 13%
Fair
sat.
STAINED.
...
Low Middling....
8%
9%
lb
Good Ordinary
Strict Good Ordinary
Middling...
911,6
911,6
1015,6
117,6
11H,0
1178
1015,6
U7,fl
1111,6
1170
123ie
12716
1216,6
1013,0 11)15,0
117,6 117,6
llHl0 11H,6
1 i78
11 7K
12%
12%
13
1311,®
13%
Holi-
day.
12%
i3
*?
COCO
»-co
coco
CO
1 «r*
M —K)
to to O
to
to®
totoo
©
co
*1©
|K«©
o»o
Frl.
8%
9%
8%
9%
8%
9%
103lh
113,0
103,0
113,6
103,0
113,0
SPOT
MARKET,,
CLOSED.
Sat..
Mon
.
Tuee.
Wed
.
Thurs
Fri.
.
Con-
Ex¬
port. sump. ul'Cn
..
Quiet
0% ftt’y, rv. quo
Quiet and steady
Total
The dally
270
883
461
Holi
1
|
■rjtO’*
35-'I
O
2.295
Tran¬
Total.
sit.
Oi on
£&
CM»K
OM
900
700
20*6
593 85,100
620 77,300
924 123,800
900
700
90o
50 1.900
5.12 8! 4 f 9 300
4 .1 On
day j*n
-
reported.
The Sales and Pricks of Futures are
shown by the follow¬
ing comprehensive table. In this statement will be found tindaily market, the prices of sales for each month each day, ano
he closing bids, in addition to the daily and total sales.
005
to to
)£■ M
Ci *JI
«^,tO
I-4
to to
to
-'\Oi
Ot
1 ©to
M
0
to
O
0
-j
1
1
,
*
CM
0 —
r>
too
(e-GJt©
CO
kOkOo
I d:
MM
M M
koto
to to
to to
<53 CM
CO
CM CM
03 05
MO
I d
1 d
03 CM
-1
>-•*
to
0510
CM
r-
' *
h-* P-
0
0
*?l:
* •
CM
to 0.
M
.
c*
:
^.ot©
©
CM
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*
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MO
totoo
1 d
r*7i*-i
kvk0O
1 d:
r*
tc*
©
CM
to
©
05
0
1
k—‘ k—•
r-»
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©
K3«t»>
w
to to
toto
toto
toto
2,
C3S3
eoot
05 05
WOO
-i -1
1 d
M
$3)
Oi
MM,u
c
0
to
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QC
too
2, O
M
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Sis
05
1
-4
1
0
1 d
to to c,
*18-
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'*1 ©
CO X)
o«
M
k
0-4
1 d
r to
1 d
r
m
10
ts;
0
|
05
dd
b
1
1
1
1
I
1
1
*
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1
1
1
I
1
1 d;
i
d
r.
1
O
M
t—*
a
0
0
0
0
c
1 9:
1
1 d
1
•
1 1
11
1i!
.
t
1
f
r*ot
CM
•
1
1
&5
1
1
i
O
<
%
CM
co
1 0
1
h
to to
O
kC*
M
M —CO
0
»-*
Cm
te*co
1
0
*16
*5 i
*19
68,400
deliveries given above are actually delivered the
Vious to that on wiiicli they are
>4,2 ©
CM w
1
The following
64,700
*50
COM©
|1 O
O
1
1
19©
mO
CO
Wednesday, 11'50; Thursday, 11 45;
Short Notices for November—Saturday,
Thursday, 11*43.
824
day..
10©
W
r-
kOkO
;
Deliv
eries
Sales.
—CO
tv,
—
*
Includes sales m September, 1881, for September,
ber-October for October, 416,400.
Mon lay,
Transferable Orders—Saturday, 11*55;
FUTURES.
„
—
i
2,167
1,700
217
250
363
Quiet
Quiet
Spec-
M
to to
1
MARKET AND SALES.
SALES OF SPOT AND TRANSIT.
CO
o’
M
kO^c
M
M
13
Tit.
M
to to
1
l
l a
1 d to
1 dr*
MM<|
1.
©
1
CO
oto
M —> CK
1
13%
13 »4
to©
•e-w
co x
toot
12*4
12%
12%
M 1—
CO
00
10%
10%
Mon Tuea Wed
8%
9%
91%6
10%
toco
co o<
hi
►-*
M-
9%
911,0
10%
103,0 103,0
113,6 U3,«
........
9%
9%
9%
911,6
97i«
10%
I0I4
1014
9%
ozo
to w©
Cx O
too
to to
GO
Ordin*y.N*>
►OlOo
W©
to
Fri.
MMq*
M •—
I—•
ioH,0 13H,6
1
1
MM©
10
to tj Q
to
to to
C*
cow
koto
—
121^,0
M1—1 CO
BtwQ
0
CO
•*
t*»
Pi
1 ©<»
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to
w
koto
to to
0
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M Mrt
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91-1,6
05
to
to to
cit
<1
to to
to to
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1
4
0
0
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cow
•4-0
00
MM
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M M
to to
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to tO 0
too
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10 to
3
tv
—
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6
M M
<1M
to tO
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•
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cow©
9%
© ©M
taioo
MM©
M —*
10%
10%
1016,6 1015.6
U7if H716
lOlljs 10H,6
n»i6 113.6
ii7i« 11710
Middling... 11°8
9H,0
9Hlfl
10%
10%
10%
10*4
9%
9%
9%
870
97ia
87»
97ltf
MM
M *—
to 0
-.1
Ordin’y.^ lb
r—*
to to
m
O
Mon. Toe*
Sat.
*vl
r—
toto
H-O
TEXA8.
IG on Toe*
M
>-*
CM CM
to to
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66©
toto©
1
g
rr
O
totoo
»—»•— ^
?
1 d©
CM CO
mm cm
05
b
0x1—
66©
tv
cco
NEW ORLEANS.
66
m — a
O
0
66
M — JO
1
0
O
kOM
M M CO
-1GD
0
M
1 d gm
1 dr
►— —
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to to 0
66©
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t
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cy
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iU
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0
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M m
MM
CDCOO
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M
MM
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M
1 dr
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0
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-JCO
-4 -J
Novembr.
O
66°
k6©
OM
r—
*
Sat.
6k©
M
CO
important advance was realized. Cotton on the spot was quiet
and unchanged until Thursday, when the high grades were
advanced l-16c, being in demand and comparatively scarce.
To-day there was no decided change, but holders were firmer.
The total sales for forward delivery for the week are 419,300
bales. For immediate delivery the total sales foot up this week
6,128 bales, including 833 for export, 2,295 for consumption,
60 for speculation and 1,900 in transit. Of the above, 50 bales
The following are the official quotations and
were to arrive.
sales for ^ach day of the oast week.
MM©
kk©
M 1—
Mm0
OCj
05 GO
O
CD
MM©
HM®
66
1 df-
0
MM co
1 d.M
1 d
6cm
"7*7©
<4*vl©
0
H-%)
wco
MM
050
1 d.^
CM CM
OOM
v.
to
kvt
66
03 05
05
CO
0
0
«0M
MM
P-*
M
prices advanced a few points ; but they were more than lost on
Thursday, under a subsidence of demand, and weak, closing
accounts from Liverpool. To-day continued unfavorable; reports
from the Southern exchanges caused some reduction in crop
estimates, and revived speculative confidence, upon which an
O w
>—
r—
r—
MM
M
to
O
MM
MM
k—•
MMcm
O
—
MM
fiH
si*
o*
00
CO
c»
MM
O
O
CM
r1 *?©®*
05©*
05©*
MM
® m '^,
MM
60
and the reports that the frosts at the South last week had
done very little injury. On Tuesday, when a general election
was held, the Cotton Exchange was closed.
On Wednesday the
market opened weak, but towards the close it was reported that
the forthcoming Bureau report will be very unfavorable, and
•“‘MO*
r1*?©®
MSf
3 0'i^P
p
O*
® M
M
M
1
i
© 03 2.
O
s*
<3
■
HOI
M
© ^00 2.
p
—
it*
p-
<1
MM
r-
crop,
IWou Tues
®
os©*
M
?
3 dy
1 dr*
10,60 1*553,0 0
9.
speculation in cotton for future delivery, for the week
under review, has not been active; and prices, though change¬
able, have not fluctuated widely. On Saturday and Monday
there was some depression, under the increased movement of the
Sat.
® •
*2 $
£>
CM
93.548
bales at presses for
k
.,5?*
O
131.487
(-*
5 ® ;°p
® rcoo*
2 © GO-1
W
O
■
The
JToi.Sto
No9. 11.
i
•
3
I
2*^ too
CO
64,855
134,238
destiua.iou of which we cannot learn.
UPLANDS.
2:
p •
CO
0 ■
©
2 w
X)
tuere ave 100
p •
® •
GO
©
4
n.
ct^
0-V- O
M
14.814
42,456
Leaving
M-
P
m
:
SO •
a
a*
|®
® 2®
g*
5*® «
5
*
>1
i
P mv,
—5 •
On
to® ® 9
to-
S'*
p
g
© ®
pd. to exeh. 100 Feb. for Mar.
pd. to exeh. 500 Dec. for Mar.
pd. to excb. 500 Dec. for Jan.
11'50; Tuesday,
Friday, 11*60.
11*51; Wednesday,
exchanges have been made
*18
*20
314,000; Sept©*-
11*47;
dnriDg the week;
pd. to excb. 100 Jan.
pd. to exoh. 200 Dec.
for Feh.
for Jan.
by cable and
telegraph, Is as follows. The Continental stocks are the figure#
of last Saturday, but the totals for Great Britain and the afloat
for the Continent are this week’s returns, and consequently
brought down to Thursday evening; hence, to make the totals the
complete figures for to-night \Nov. 11), we add the item of export#
from the United States, including in it the exports of Friday only?
The Visiblb Supply of
Cotton, as made up
1878.
1881.
1880.
1879.
bales.
505.o<>0
28S 000
42,500
421.000
42,200
52.831
282,000
33,250
Total Great Britain stock.
547,500
466,200
340,831
315,250
Stock at Liverpool
Stock at London
THE
12, 1881.]
IfoYEHBBR
1881.
1880.
1879.
187&.
bales.
Btook at Havre Stock at Marseilles
0took at Barcelona
Utook at Ham ours
Bcook at Bremen.
8600k at Amsterdam
^Itook at Rotterdam
Stock at Antwerp........ •***••
Stock at other oonti’ntal ports.
151.000
3.590
5G.HOO
58.100
7.640
32.800
86,820
108.750
13iOOO
2,500
38.200
16.400
3,300
2,300
24.000
1.800
20,403
17.3C0
continental ports....
295,550
.
809
4 000
8,930
2,200
981
12.500
12,900
1,750
Week
ending—
31,750
6,750
2,750
7,750
6,000
RECEIPTS FROM
7.000
3.500
22,000
3,230
Aug.
8ept
23
Total European stocks....
India ootton attoat for Europe.
attoat for Eur’pe
Egypt,Brazil,Ac.,aflt for E’r’pe
Stook in United States ports
*jtook in U. 8. interior ports..
United St?tea exports to-day
Amer’n cotton
285,408
481,193
74,575
503.434
39,656
578,708
187.126
30,800
11,000
34,000
28.000
777,039
14
1507,250
14
44
100,000
21
44
23
379.000
19.000
511.462
174,583
40,000
2,335,297 2,167,943 1,898,752 1.731.295
follows:
clean and other descriptions are as
American—
United States interior
United States exports
stocks..
to*day..
395.000
129.000
315.000
777.039
285.408
30.800
301,000
66.000
454.000
771,957
227,135
11,000
112.000
144,000
379,000
511,462
171,000
46,000
503.434
578.768
187,126
31,000
171,583
40,000
1,932,247 1,831,092 1,520,323 1,391.045
East Indian, Brazil,
die.—
7
Oct.
615.851
55.000
454.000
33.000
771.957
227.135
843.050
56,000
315,000
30
192.000
140,362
149,651
11
1879.
85,078
9,598
14,503
21,123
169,408 109,094 170.810
181,714 210.307 185,050
214,401 230,341 184,531
245.013 254,830 203,241
225.087 251,703 216.685
220.210 215,842 224 420
4
Nov.
1881.
42,082 40,722
30.054 01,117 70,512
70,933 102,095 92,05a
127,729 130,413 110,433
102,303 172.221 132,096
4,875
....
1880.
PLANTATIONS.
Stock at Interior Port? Rec’ptsfrom Plant’ns.
7,301
13.420
18
44
1879.
2
9
«%
Receipts at the Ports.
2d
a*
44
Total
531
CHRONICLE.
23,890
1880.
1881
1879.
1880.
27.702
21,770
33.753
35,692
4,713
16,217
25,550
38,094
42.9 >3
35,019
16,021 29,087
30,090 48,661
04,897 78,108
59.125
82,260 115.230 108.164
1931.
87,191 144,0 >7 159.328 138,499
52.207 78,735 10',334 173.730 189,917! 150,8E9
08.913 103,080 132,973 180,114 223,44' 198.449
81,227 121,89 ‘I 109,159 19*.028 22 >,176 221,219
95,99' 152.705 190,095 220 227 2 7,211 211.407
115.7:35 179,070 218,150 205,355 281,741 225,296
133,905 204.759 254,938 243,2.7 276,851 253,478
187.126 227,135 285.408 273.43? 238,218 254,890
01.009
40,774
The above statement shows—
1. That the total receipts from the plantations since Sept.
1881 were 1,856,673 bales; in 1880 were 2,064,098 bales; in
1 in
1879
1,847,263 bales.
That, although the receipts at the out-ports the past week
were 224,420 bales, the actual movement from plantations was
254,890 bales, the balance going to increase the stocks at
the interior ports.
Last year the receipts from the planta¬
tions for the same week were 233,318 bales and for 1879 they
were 273,437 bales.
were
2.
Weather Reports by
Telegraph.—Rain has been general in
during the past week, interfering to
most sections of the South
picking. The temperature has continued low,
94.362
killing frosts are reported to-night.
74.575
100, oo>.
50,000
Galveston,
Texas.—We have had rain on five days of the
19,000
39,656
33,000
28,000
Egypt,Brazil, &c., afloat..
past week, and it is raining now. The rainfall reached one
378.424
340.250
inch and eighty-six hundredths. The rain has been general
403.050
336,851
1,391,045
1,520,328
1.932.247 1,831,092
throughout the State, interrupting picking and making the
roads bad. The thermometer has ranged from 54 to 79,
1,731.295
2.335.297 2,167.943 1,898,752
O'7 led.
55sd
678
1.
0716rtPrioe Mid. Upl., Liverpool ....
averaging 66.
Indianola, Texas.—It has rained hard on six days of the
jjrThe imports into Continental ports this week have been
12,100 balas.
past week, the rainfall reaching two inches and eighteen
The above figures indicate an increase in the cotton in sight hundredths.
Picking has been interfered with by the storm.
to-night of 167,354 bales as compared with the same date of 1880,
an increase of 438,545 bales as compared with
the corres¬ Average thermometer 67, highest 80 and lowest 58.
Corsicana, Texas.—Telegram not received.
ponding date of 1879 and an increase of 604,002 bales as com¬
Dallas, Texas.—We have had hard rain on four days of the
pared with 1878.
At the Interior Ports the movement—that is the receipts past week, the rainfall reaching two inches and forty hundredths.
and shipments for the week, and stocks to-night, and for the The rain has interfered with picking and the roads are bad. Th*
corresponding week of 1880—is set out in detail in the following thermometer has averaged 53, ranging from 38 to 75.
Brenham, Texas.—It has rained hard on four days of the
statement:
past week, the rainfall reaching three inches. Picking has been
Week ending Non 12. *8 \
Week ending Nov 11. *81.
interfered with by the storm. The roads are in a wretched con¬
dition. The thermometer has averaged 65, the highest being 77
Stock.
Receipts Shipm'L.*> Stock.
110,000
42,500
166,550
123,000
42.200
83,651
55,000
117,000
140,000
52,831
33.250
48.000
some
but
extent with
no
.
Receipts. Shiptn'ts
Augusta, Ga
Columbus, Ga...
Dallas, Texas.
Jefferson, Tex...
Shreveport, La..
..
Yioksburg, Miss.
Columbus, Miss..
Eufaula, Ala
Griffin, Ga
Atlanta, Ga
Rome, Ga
Charlotte, N. 0..
St. Louis, Mo
Ctnoinuati, O
9.980
5.242
3.43 l
10.271
13,091
61,641
5.207
22.8 40
3.519
7.219
7.810
3 677
4,258
2,v)45
5,0 9
4.96.)
4.821
18,850
3.261
1,052
828
12,823
1,287
5,971
Maoon, Ga
Montgomery, A la.
Selma, Ala
Memphis, Temi..
Nashville, Teun.
24,321
19,617
10,451
10, 59
10,055
495
3.141
7,711
1.492
2,2vt2
1.880
7,60 >
0.591
1,619
1 6,578
15,166
Total,old ports.. 120,207
Newberry, 8 C..
895
Raleigh, N. C
2.9S6
1.857
592
706
1,685
9,577
9,727
6.941
2,125
3.07 L
4,594
2,231
1,298
2,029
9.261
3.992
2 751
4.081
4.5 18
16.4 45
4,344
1,581
18,131
15,130
8.257
11.953
8,226
54.359
8.838
2,779
2,6 '2
3.797
3.440
7.' 61
6,177
549
3,140
2,245
1,922
3.2»8
658
8,201
3,298
1,401
2,236
2,816
6,110
7,487
1,462
16,729
13,541
11,257
14,523
89,737 235,408
L15,147
92,771
227,135
680
2,50)
2,938
1,493
603
6.9 »0
622
2,500
2.140
4,771
5,637
5,275
22.973
1,919
12,223
12,183
700
52 654
1,218
3,500
11,779
677
718
2,571
3,220
3,216
1.447
5.126
3,827
50 »
1,000
3,811
4,229
1.174
3,939
18.3o9
14.981
698
32.784
4,591
295
Little Rock, Ark.
Brenham, Tex...
1.685
1,374
1,453
1,619
6-J9
720
1,576
1,255
1,000
1,160
Houston, Tex...
19,133
18,475
19.756
26,442
27.410
1,959
25,241
Total,
29,910
28.389
36,753
34,578
34,258
36,123
118,126 322.161
1 J9.725
I27.02a
Patersburg, Va..
Louisville, Kv...
new ports
Total, all
2.70 4
150.147
.
•
•
•
4,401
686
The above totals show that the old interior stocks have in¬
creased during the week 30,470 bales, and are
bales more than at the same period last year. The receipts at
the same towns have been 5,080 bales more than the same week
last year.
to-night 58,273
Plantations.—The following table is
prepared for the purpose of indicating the actual movement each
*wk from the plantations. Receipts at the outports are sometoes 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
Rkt the following. In reply to frequent inquiries we will add
that these figures, of course, do not include overland receipts or
Southern consumotion; they are simply a statement of the
Receipts
from
the
weekly movement from the plantations of that part of
whioh finally reaches the market throagh the out-ports]
he crop
and the lowest 50.
'
Louisiana.—We have had rain on three days
of the past week, the rainfall reaching three inches and six hun¬
dredths. The thermometer has averaged 65.
New Orleans,
Shreveport, Louisiana.—The
weather has generally been
cloudy and cool during the past week. The rainfall has been
heavy, and has prevented all cotton picking. The wind has also
damaged cotton to some extent. The river has risen one foot
ten inches.
Highest thermometer 74, lowest 47, average, 58.
Vicksburg, Mississippi.—It has rained on four days during
the past week. We are having too much rain.
Mississippi.—It has rained on three days during
the past week, the rainfall reaching one inch and fifty six hun¬
dredths. The thermometer has averaged 60, the highest being
Columbus,
72 and the lowest 43.
Little Rock, Arkansas.—Friday
ireek
were
and Saturday of the past
the week has been cloudy,
clear, but the remainder of
and it is still raining. The rainninety-three hundredths. The
hermometer has ranged from 40 to 66, averaging 52.
Nashville, Tennessee.—We have had rain on five days of the
>ast week, the rainfall reaching one inch and seventy-three
mndredths. The thermometer has ranged from 41 to 73, aver¬
heavy rain on three days,
all reached two inches and
nth
ting 57.
Mobile, Alabama.—It has rained on one day, and has been
bowery on one day, the past week, the rainfall reaching
nches and fifty hundredths. The tributary rivers are higher.
Werage thermometer 63, highest 81 and lowest 42.
Montgomery, Alabama.—It has rained on four days during
he past week, the rainfall reaching one inch and
mndredths, The thermometer has averaged 64, ranging from.
four
sixty-eight
H to 8°.
.
_
Selma, Alabama.—We have had rain on two days of
>ast week, and the balance of the wenk has been cloudy.
ainfall reached one inch and sixty hundredths. We have
l frost this week, but not a killing frost.
The thermometer
iveraged 64.
Madison,
Florida.—Telegram not received.
Macon, Georgia.—It has rained on
veek and the balance of the week
planters are marketing their crop
two days during the
has been cloudy.
tn«
The
had
has
peat
The
freely, bat there is a great
1HE CHRONICLE.
532
exposition to hold on, for the belief in higher prices is general And still we admit that the harm reported to have been done
the crop is undoubtedly short. The thermometer has ranged
throughout the South by the summer weather is, in the then
from 38 to 77, averaging 60.
excellent condition of the plant, so unusual as to make one
Columbus, Georgia.—We have had warm, sultry, wet weather
critical in studying the conditions which prevailed, as well as
•during the past week, with rain on three days. The rainfall
reached one inch and sixty-four hundredths. The planters are i;hose that have prevailed since.
sending their crop to market freely, and it is believed that
European Cotton Consumption for October.—We have
about one-half of the crop has been marketed. The ther¬
received
to-day (Friday), by cable, Mr.. Ellis on’s figures for
mometer has averaged 70, the highest being 76 and the lowest
as
53.
October, the first month of the
Savannah, Georgia.—On three days of the past week we
have had rain, and the balance of the week has been pleasant.
'The rainfall reached twenty hundredths of an inch.
Average
thermometer 65, highest 80 and lowest 43.
Augusta, Georgia.—It has rained lightly on four days of the
past week, and the rest of the week has been cloudy and cool.
also received the revised totals for last year,
The rainfall reached sixty-seven hundredths of an inch. The
tenor of the crop accounts is about the same as last repott.
Average thermometer 64, highest 81 and lowest 39.
Atlanta, Georgia.—Telegram not received.
Charleston, South Carolina.—We have had light showers
on four
days of the past week, the rainfall reaching thirty
hundredths of an inch. Average thermometer 65, highest 77
and lowest 43.
The following statement we
have also received by telegraph,
showing the height of the rivers at the points named at 3 o’clock
new
cotton
We have
and give them for
season.
comparison.
The spinners takings in actual bales and pounds
have been
follows
as
:
In October.
For
Great Britain.
Continent.
Total.
1881.
Takings by spinners.. .bales
Average weight of bales....
Takings in pounds
309,950
129,720
434
411
427
131,518,300
53,314.920
187,833,^20
248,450
130,160
378,610
437
397
423
108.572.650
51,673,520
160.216,170
439,670
For 1880.
Takings by spinners., .bales
Average weight of bales....
Takings in pounds
November 10,1881, and November 11, 1880.
According to the above, the average weight of the deliveries
pounds per bale in October this season,
Wew Orleans
Below high-watermark
against 437 pounds during the same time last season. The
13
O
10
4
Memphis
Above low-water mark... 18
8
7
7
Continental deliveries average 411 pounds, against 397 pounds
Nashville
Above low-water mark...
9
6
12
7
last year, and for the whole of Europe the deliveries average
6hreveport
Above low-water mark... 16
O
8
3
Above low-water mark... 22
Vicksburg
11
Missing.
427 pounds per bale, against 423 pounds last season. Our dis¬
New Orleans reported below high-water mark of 1871 until
patch also gives the full movement for this year and last year,
Bept. 9, 1874, when the zero of gauge was changed to high-water in bales of 400
pounds each.
mark of April 15 and 16,1874, which is 6-lOths of a foot above
Nov. 10, '81. Nov. 11, '80.
Feet. Inch,.
Feet. Inch.
in Great Britain is 434
..
1871,
or
16 feet above low-water
mark at that point.
In October.
Great Britain.
Continent.
Total.
Crop.—Unusually wide differences
For 1881.
of opinion exist with regard to the effect on the cotton crop of
240,000
Spinners’
stock October l
25,000
265,000
the drought of this summer. Some are willing to give but little
Takings in October
133,000
469,000
336,000
credence to the reports received, while others believe them
Total supply
373,000
361,000
734,000
fully. It is, however, an undoubted fact that in sections the
232,000
512,000
Consumption
280,000
drought was at the time very harmful, no rain and high tem¬
141,000
81,000
222,000
Spinners’ stock Nov. 1..
perature combining to almost take the life out of the plant
y
as well as the fruit from it; and had the plant been poorly
For 1880.
139,000
27,000
112,000
started in the spring, no future growth would have been pos¬ Spinners’ stock October 1
129,000
400,000
271,000
Takings
in
October
sible. The points affected most severely were the uplands in
Total supply
539,000
241,000
the driest districts ; and in those worst districts the subsequent
298,000
480,000
216,000
264,000
Tains have not to any considerable extent revived the plant. Consumption'
59,000
25,000
34,000
Spinners’ stock Nov. 1.
Elsewhere, however, there seems to be a general opinion that
results are proving better than expected, as is always the case
The foregoing indicates that spinners’ stocks are now 222,000
with a well-started plant in dry seasons. Over a considerable
bales, against 59,000 bales a year ago.
district, therefore, a good top crop seems now assured, and this
The cable also adds that the consumption of Great Britain
later growth will make a material addition to the yield. Our
was m October 70,000 bales per week (which is the same as given
information in this particular extends especially to parts of for
September^, and that the Continental consumption was
Arkansas, Texas, Louisiana and Mississippi.
In fact, the 58,000 bales
per week, against 57,000 bales reported for Septem¬
Teports we have indicate that the crop of a good portion of the ber. Hence it appears that the total for the whole of Europe
bottom lands in the States named bids fair—with the open is
1,000 bales more than it was last month, or 128,000 bales in
season prolonged a little later—to be quite satisfactory both in
October, against 127,000 bales in September. It will be remem¬
quality and quantity, and in some if not many counties better bered that Mr. Ellison estimated in his annual review a weekly
in each particular than last year. But it is too early yet to
average of 129,000 bales for the season of 1881-82.
talk about results.
New York Cotton Exchange Membership.—Nothing has yet
We were led to refer to this subject by the following letter
transpired as to what will be the decision of the Board respect¬
and inquiry.
ing the petition referred to last week. It may therefore be
To the Editor of the Commercial and Financial Chronicle.
Dear Sir:—We take the liberty of appealing to your suneriorjudg¬
taken for granted that the Board is still deliberating on the
ment oil a question submitted to us by one of our European friends.
He
-asks: “How is it that cotton, which had a good start, can stand three advisability of limiting membership to its present number. As
months of dry and excessive hot weather in Egypt and India? And if
the price per seat has been doubled (that is, raised to $10,000)
it can, why should it be affected so much by a few weeks of drought in
since November 1, it must be allowed that there is ample time
America?’*’
if you could favor us with aD answer to this question, we would feel
for deliberation. Meanwhile, one seat has been sold at $5,500;
extremely obliged, not being ourselves sufficiently conversant with the
physiology of the cotton plant.
three new applications for membership have been received,
We remain, dear sir, yours respectfully,
and two members have filed their intention of transferring their
seats—one
of the two having only recently joined the Exchange
Our correspondents’ inquiry appears to assume—for it is
Drought
and
The Cotton
..
..
,
*
*
*
based upon the supposition—that the “ dry and excessively hot at the cost of $5,000.
Cotton Exchange Reports for November.—We publish be¬
weather” in India does not decrease the yield.
We do not
think that is a fair assumption. It is, we presume, the climatic low the Cotton Exchange condition reports for November 1,
conditions which make the yield per acre there average less as received by telegraph:
than a third of the yield in America. In other words, “the dry
Norfolk Department.
excessively hot weather” in India reduces the fruit-bearing
^ower of the plant two thirds and not unfrequently destroys it.
On the contrary, cotton in the Southern States during a per¬
fect season grows and fruits all summer and produces what is
•called three crops.
This year the drought interfered anc
prevented a complete and healthful development. No one,
however, has claimed, even the advocate of the smallest esti¬
mate, that the drought has been severe enough to reduce the
crop to the India average ; so we do not see how any compar¬
ison can be made on the basis of our correspondents’ question.
and
Information
The Norfolk Cotton Exchange, through their Committee on
and Statistics, composed of Louis Hilliard, Chairman, W. D. Rountree,
and John C. Maximos, issues the following report, covering the Slate oj
Virginia and the following Counties in North Carolina: RuthC*'roJ.,’
Lincoln, Catawba, Rowan, i)avidson, Iredell, Burke, Wilkes, Calaweu,
Alexander, Davie, Forsythe, Yadkin, Stokes, Surrey, Roekingham,
Caswell, Person, Granville, Warren, Franklin, Nash, Wake, Hyae, ritw
Green, Cartaret, Craven, Beaufort, Tyrrel, Washington, Martin, Berne,
Chowan, Pasquotank. Camden,
and Halifax.
North Carolina and
Currituck, Gates, Hertford,
Northampto
Virginia.—68 replies from 35
average date October 31.
The replies generally show the weather to be warm
slight rain in some sections; 60 replies show more and 8
counties;
and dry, wd
loss ravorau
November
THE CHRONICLE
12,1881.]
than last year. The average replies show the first frost was
to the 8th of October; 49 reported no damage and 19 slight
Vamaire from the frost. According to the replies, about 74 per cent of
has been picked and picking will probably be over by Nov. 20.
has been no frost. Eightv-flve per cent of the
crop has been picked and
the remainder will be gathered
by November 15. The average yield of
seed cotton per acre throughout
the State is .591 pounds, and, as com¬
pared with last year, is 35 per ceflt shore. An
short yield is
especially noticeable in the hill parishes. Theextremely
top crop has not ma¬
tured throughout the State. There has been
no considerable
damage
from rust, worms or storms.
JJJI'the 5th
jjL®average yield
will be 525 pounds to the acre. As shown by the replies
3323 per cent less than that of last year. Forty-six replies
no damage from rust, storms, worms or rot, while 28 show
slight
fWtnaee by rust and storm.
The weather has been very flue for the
nicking which has progressed favorably, although in some sections a
scarcity of labor is much complained of.
otA
vield is
Savannah
Department.
This report covers Northern, Middle and Southwestern Georgia, (being
all of Georgia except the twenty-eight counties iu charge of tin
Augusta
Cotton Exchange) and the entire State of Florida.
The report is pre¬
and issued by the Savannah Cotton Exchange,
their Commltfnp on Information and Statistics, composed ofthrough
J. II. Johnston,
pared
Clavius Phillips, J. J. Wilder, F. M. Farley and R. C. Wood.
weather during October has been remarkably fine, and
no
damage
fsfrom
10 to 15 per cent less than last year. This is attributable to the
drought in the early summer, to rust, and to worms. The yield of lint
cotton from the seed is nearly 10 per cent less than last year; while the
hales, owing to the lack of moisture, iu the atmosphere, are about 3 per
cent lighter
Mississippi.—Replies from
than usual.
Florida.—21 replies from 9 counties.
34 counties; average date Oct. 31.
The weather is universally
reported as
the crop, and much more favorable than very fine for tlie gathering of
last year. There has been no
frost reported during tlie
month; 79 per cent of the crop has been
picked ; picking will be tiuished about Nov. 20. h. The
average yield of
seed cotton per acre is 608
pounds, which is 18 per cent less than last
year. Worms have appeared in several
counties, doing somo damage to
the top crops. There has been
very little damage from rust or storms.
Arkansas.—117
;
October 31.
Georgia.—74 replies from 46 counties.
The
533
replies from 30 counties;
date
average
; The weather has been favorable
for
able than last year. Light frosts have gathering tlie crop—moro favor¬
occurred without causing any
damage; 90 per cent of the crop has been picked;
picking will bo fin¬
ished by Nov. 10 to 15. The
yield per acre of seed cotton is 360
pouuds*
aud as compared with last
year is 60 per cent less.
Galveston Department
eovers the
State of Texas, and
was prepared and issued
by the Galvestoa
Cotton Exchange, through their committee on
Information and Statistics,
composed of J. D. Skinner. Chairman, Clius.
Kellner, H. Dreior, J. M.
King and Robt. Bornefeld.
Texas.—106 replies from 82 counties.
During the past month the weather has been warm and dry and
very
favorable to the gathering of the crop, seven eighths of which has been
picked. The yield of seed cotton is abouc 350 pounds per acre; com¬
pared with last year it is about 10 per cent less. In the 8ea Island
section the weather has been very line. Three fourths of the crop has
been gathered, and picking will be finished by the 1st of December.
The yield is about 250 pounds of seed cotton per acre, about 12*3
per
cent less than last year, which is caused by drought, worms, and rust.
The quality of the crop, owing to the ft 10 weather for
gathering, is gen¬
The character of the weather since
Oct. 1 has been favorable in 40
counties and rainy aud unfavorable in 42.
The weather compared
with last year has been more favorable for
tlie gathering of crops in 4G
counties, the same in 10, less favorable in
26, and no damage from
frost. Eighty per cent of tlie
crop is reported picked.
Picking wilt
probably be finished by Nov. 15. Tlie average yield is estimated
at 50 0
pounds, the seed cotton indicating a decrease of 40
per cent compared
with last year.
Forty-three counties report serious damage by worms,
which have cut short the top crop; 14
report more or less damage from
storms and rust; 25,
mostly northern counties, report no damage from
either cause.
erally reported better than last year.
Augusta Department
tlie Counties of Georgia not included iu the Savannah Report,
aud ig issued by the Augusta Cotton Exchange, through their Com¬
mittee ou Information and Statistics, composed of L. L.
Ziuavsky, Chair¬
man; Geo. W. Crane, S. M. Whitney, J. J. C. McMahan and W. M.
covers
I Jute Butts, Bagging, Etc.—The market for the
past week
has not been active, and the
inquiry noted in our last has*
Jordan.
Georgia.—27 replies
from
14
almost ceased.
counties.
Oct. 31.
The reports are unanimous that the weather lias
very favorable for gathering, but not for any development of the
crop.
Two reports state the weather as same as last
year, and 25 as more fav¬
orable. A very slight frost is reported from Richmond and
part of Han¬
cock counties, without any damage. No frost elsewhere.
Four corre¬
spondents report 02^ percent picked, three 75 per cent, thirteen 85®
90 per ceut, and seven as nearly all picked. The
gathering of the orop
will probably be completed by Nov. 10 to
15, only three correspondents
saying that picking may extend into December. Four correspond¬
report a yield of 250 to 300 lb*, seel cotton per acre, ten
300,
seven 400, five 500,
and one 650 lbs.
One correspondent
Co.) reports the crop as somewhat better than last year, three (Wilkes
(Warren
(Co.) saiue, ten a decrease of 20 to 30 per c«4nt, nine of 40 to 50
per cent,
two of 60 to 65 per cent.
The average indicates a decrease from last
year of about 30 per ceut. Only in three counties is
any material dam¬
age reported by worms—say 10 per cent.
They are reported in 10 other
counties, but w ithout damage, except to foliage and the
youngest fruit.
Rust and rot are reported as
hiving done no damage at all. Very little
damage is reported by storms, and that only to quality of cotton.. It is
universally admitted that the past month* was one of the best ever
known for saving the crop. All
damage to the crop was done by Sept.
1 or before by the continuous drouth.
There is no doubt that in
many
places a top crop was made, and that much late cotton has
turned out
much better than was expected two months
ago.
Part of the shortness
in production is due to the
fact, too, that during the growing season, iu
many sections, there was not rain enough to dissolve
well and to
propereffect
to fertilizers applied. Several correspondents state that give
two
or three weeks
more of fairly warm weather,
without killing frosts, will
add to the crop, and
picking may not then be finished as soon as indi¬
cated.
qualities
as
far north
as
•
favnrSi11
department,
thonn
TK>r!!!! as keen
1877.
422,05
827,849
458,478
968,31b
333,643
888,492
288,848
689,264
95,272
583,637
236,868
675,260
Total year 1,249,90b 1,426,796 1,222,135
Pero’tage of tot. pori
receipts Oct. 31...
21*29
24*43
978,112
678,959
912,128
be gathered
m
ich
j
1881.
Nov. 1
1879.
15 62
“•
2....
3...
4....
40,236
5...
31,603
6....
S.
7...:
46,365
S.
38,310
30,902
29,682
49,349
34,304
40,389
33,590
33,169
40,193
28,562
43,978
35,842
8.
27,281
31,966
46,5S4
32,849
—
8....
9....
;
978,112
27,213
“
“
poun
46.514
1878.
29,104
27,151
35,933
“
more
Now Orleans Department
of
State of
Mississippi not apportioned to tlie Merathe wSiri11? Cott0il Exchanges; the entire Stale of Louisi
Louisiana, and
DaSwii?,?' Ar.:a<isas south of 'the Arkansas River. The
report is pre-
1880.
rot.Oc. 31 1,249,906 1,426,796 1,222,135
About 80 per cent of
usua^10r^
21 99
“to....
“li...
Total
*
30,704
37,897
8.
33,538
41,655
55,664
29,92 4
46,140
26,138
rotaport roc-’Dts Nov. 11
678,959
31,773
29,165
2L,84W
8.
33,775
30,964
8.
27,898
23,390,
Browne.
^ouisiana.—95 replies from 35 parishes; average date Oct. 31.
ingof nfol«erfor^le
month is reported as very favorable for the gatlicre
crop, and, as compared with last
year, decidedly better. There
22*59*
1&7&
912,128
28,119
35,041
32,587
26,392
8.
44,314
31,771
35,213
22,037
34,522
22,876
40,324
32.833
8.
27,149
34,808
1,606,800 1,806,127 1,555,217 1,249,343
Percentage
1877.
8.
44,599
37,082
35,431
27,968
964,405 1,246,815
or
30*75
3103
2807
This statement shows that the receipts since
ail(l A. L.
1876.
This statement shows that up to Oct. 31 the
receipts at theports this year were 176,890 bales less than in 1880 and
27,771 bales more than at the same time in 1878-79. By adding
to the above totals to Oct. 31 the
daily receipts since that time*
wC shall be able to reach an exact
comparison of the movement
for the different years.
dry and pleasant
compared with last year,
Picked, and all will
1,eP°l‘ted at about 400
viPiri
as
1878.
“
by Dec. 1. The yield
is of seed cotton. The estimated
comParcd with last year, is reported at 25
per ceut less.
Many
^cre
a smaller yield of lint from seed cotton
•
tkau
and,
frosts occurred during the month.
u
Beginning September 1.
1879.
October..
the summit of the Sand
warm,
Crop Movement.—
1880.
counties.
having been
Daily
1881.
8afpt’mbT
from 20 counties.
is reported as
Year
Monthly
R*Czipts.
The weather is
reported to have been dry and warm throughout the
ucpartnient, and, as compared with last year, decidedly more
favorable,
inere has been no
frost of any consequence. About 90
per cent of the
omh 2^rbeea l>icke(!’ and picking will be finished between the 10th and
°J ^ovember. The yield per acre is reported at about 400 pounds
cott9n* The estimated yield as compared with last year is re!rt oo a8^n?
2- per cent les* in 31 of the most productive counties
dna“Per cent less in seven of the smaller
counties.
Mississippi.-30 replies
and
movement for the years named.
The movement each month
since September 1, 1881, has been as follows:
,
>
bagging
quoted at 2%@3c.
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*
Mountains, and the following Counties in Mississippi: Wayne,
Clark,
Jasper, Lauderdale, Newton, Kemper,
Neshoba, Nebaboe, Winston,
Lowndes, Oktibbeha, Clay, Monroe, Chicasaw,
Itawamba, Lee, Pontotoc,
Prentiss, Alcorn and Tisbamingo. The report is
prepared and issued by
tueMobile Cotton Exchange,
through
their
Committee on
and
Statistics, composed of T. K. Irwin, Chairman, Julius Information
Bnttner, 8.
Haas, G. Thos. Cox and G. L.
Hopkins.
Alabama.—55 replies from 38
are
Comparative Port Receipts
Mobile Department
of Alabama
fair amount of business for
A
Tliis being the last
report of your committee for this season, they
to state that, with all due
beg
respect to our correspondents, they have rea¬
son to believe that
late cotton and the top crop
have turned out and are
yielding much better than was expected six or eight weeks
ago. Very
few of our local factors
estimate a falling off of 25 per
cent, and the
majority 15 to 20 per cent.
covers the Stale
a
1% lbs., 10Mc. for 2 lbs. and ll%c. for standard
grades. Buttshave not been taken except in small lots, and
though no change
has been made in quotations, there is an
easier tone to the
market, and an offer at a shade under our figures might
obtain
a lot.
Paper grades are held at 2 9-16@2%c., while
ents
'
There has been
Average date jobbing wants, but large lots are not wanted. Prices
are easier
aind tend in buyers’ favor.
been dry and warm ;
Bagging is now quoted at 9Me. for
2219
30-88
Sept. 1 up to
to-night are now 199,327 bales less than they were to the same
day of the month in 1880 and 51,583. bales more than they were
to the same day of the month in 1879.
We add to the table
the percentages of total port receipts which had been received to
November 11 in each of the
years
named.
*
Ports.—The figures which
are now collected for us, and forwarded by cable each Friday, of
the shipments from Calcutta, Madras, Tuticorin, Carwar, &c.,
enable us, in connection with our previously-received report from
Bombay, to furnish our readers with a full and complete India
movement for each week. We first give the Bombay statement
for the week and year, bringing the figures down to N#v. 10.
India Cotton Movement from
BOMBAY RECEIPTS
AND
Year Great Conti¬
BriCn. nent
2,000
YEARS.
SHIPMENTS FOR FOUR
Great
Conti¬
Britain
nent.
6,000 12,000 323.000
2,000 2.000 360.000
3,000 3,000 252.000
1,000 3,000 3 i 1,000
6,000
1881
1880
1879
1878
Total.
Exforts of cotton
Week
Exported to—
505.000
360,000
395,000
Shipments since January
Shipments this week.
Year.
Great
Conti¬
Britain.
nent.
1,000
2,000
3.000
Great
Conti¬
Britain.
nent.
3.000
3,000
4,000
209,000
140,000
Total Spain,
Shipments
to
alt Europe
from—
12,0o0
Bombay
3,000
Ail other p’rts.
889,000
281,000
15,000 1,173,000
Total
Europe
5,000 1,157,000
6,000
930.000
This |
week.
Reoeipts (cantars*)—
Since
This
week.
Exports (bales)—
Sept. 1.
18.263
5,063
7,4' >3
5,000
7,101
To Liverpool
To Continent
35,500
14,684
3,000
50,184
3,522
Sept. 1.
9,000
63,606
5,033
23,453
36,504 14,033
92,064
31,000
5,504
522
Since
This
week.
1,523
1,212
19,263
20,742
337
321
337
385
337
7,978
******
1,542
7.038 107,009 134,636
7.932
Baltimore.
Philadelphia.
Since
9,693
1,689
This
Since
14,710
2,300 11,766
242
860
4,808
23,015
7,409
211
4,064
5,329 19,1 75
5,390
53,636
13,1211
65,877
15,693
30,744
5,038
20,698
3,020
This year. 48,516 312.655 19.066
76,828
49,272
1,308
2,387] 10,266
163
Shipping
52
894
15
59,573) 2,612: 16,135
42,776 307,590! 17,052
Last year
from the Unibed
News.—The exports of cotton
States the past
6,992
4,077
•••••*
2.738
8,701
North, pts
Teun.. &c.
180.000
Sept. 1.
2,450
1,631
44,295
5,836
Virginia..
1,120,000
Since
This
week.
1,539
34.080
542
.
S.Car’liua
N Car’liua
1879.
190.000
635,500
757.550
100
9,349
1,256
...
week and for the coi responding week
135,000
This week....
Sinoe Sept. 1
1,142
150
300
200
This
week, as per latest mail returns, have reache
So far as the Southern ports are concerned, these
112,339 bales.
are the same exports reported by telegraph, and
the Chronicle last Friday. With regard to New
include the manifests of all vessels cleared up to
published in
York, we
Wednesday
night of this week:
Total bales.
288....Coltio,
York—To Liverpool, per steamers Arabic,
City of Montreal, 724
England,
Wisconsin. 41
1,87L
To Havre, per steamer St. Laurent, 598
To Hamburg, per steamers Vandalia, 300
Wielaud,
To Amsterdam, per steamer Stella, 100
New
1,364—Lassell,
910
5,196
594
842.. 1,14*
100
7,550
Orleans—To Liverpool, per steamers Emiliano, 4,600—
Mariner, 2,950
To Bremen, per steamer Ranzani, 4,OoO
per bark Rey¬
New
5,249
8,202
118
1,447
Provincia, 1,447
1.151.. .Wimbledon, 3,800 4,951
Mobile—To Liverpool, per brig Eigll, 865
865
Charleston—To Liverpool, per steamers Mayaguez, 2,485 Up¬
land and 86 Sea Island
2,571
To Havre, per steamer Horace, 3,800 Uplaud and 180 Sea
Island
3,980
To Barcelona, per steamer Ravenheugh, 5,400 Uplaud
5,400
Savannah—To Liverpool, per steamer Silverdale 6.854 Upland. 6,854
To Havre, per bark Brtty. 3.570 Uplaud and 30 Sea Island..
3,600
To Bremen, per steamer Venice, 5.85o Uplaud
5,850
nard, 1,249
Nov. 10.
8.812
1,023
snnet
This
Since
week. Sept.l. week. Sept. 1.
Sept. 1. week. Sept. 1.
80,740
Mobile
Florida.
the receipts
1880.
10,85*
400
1,900
Boston.
Savannah 13,283
Shipments.—Through arrangements
of Liverpool
of the movements
1881.
8,658
8,579
71,836
of the
the three
Alexandria, Egypt,
12,597
337
N. Orl'ans 11,501
2.323
Texas....
This last statement affords a very interesting comparison
total movement for the week enaing Nov. 10, and for
years up to date, at all India ports.
and shipments for the past
of the previous two years.
11,241
Receipts of Cotton at New York
Philadelphia and Baltimore for the past week, and
September 1, 1881:
Receipts
from—
Since
Jan. 1.
6V2.000
318.000
Alexandria Receipts and
we have made with Messrs. Davies, Benachi & Co.,
and Alexandria, we now receive a weekly cable
of ootton at Alexandria, Egypt. The following are
598
New York.
3,000
3,000
3,600
2,572
The Following are the
since
1.
865.000
292,000
2,000
12,597
76,168 100,962
Boston,
284.000
292,000
318.000
210.000
This
week.
11,241
100
Grand Total
1879.
Since
Jan. 1.
This
week.
Since
Jan. 1.
This
week.
598
&o
Foreign..1
1880.
2,572
1,700
All other
FROM ALL INDIA.
1881.
5,198
Spain, Op’rto, Gibralt’r,&c
follows.
EXPORTS TO EUROPE
^>9,26*
3,837
'
movement from
other than Bombay is the same as last
Forsince
the
this year.
week aud
corresponding weeks and periods of the
previous years, are as
year.
5,191
Other ports
The above totals for this week show that the
the ports
whole of India, therefore, the total shipments
Jan. 1,1881, and for the
two
5,198
74.018
2.150
6,256
1,489
Hamburg
Total.
79,000
84,000
109,000
70,000
205.000
208,000
3,000
1,000
2,000
1,000
1,000
2,000
1881
1880
1879
1878
Total.
3,336
[prew’Bi
......
Bremen and Hanover
RANOOON AND KURRACHBE.
since
Sept. 1.
9.
A/i
501
734
Total to North.
O
.period
299
731
Total French.
foregoing, Bombay appears to show an
increase compared with last year in the week’s receipts of 6,000
bales, and an increase in shipments of 10,000 bales, and the
shipments since January 1 show an increase of 24,000 bales.
The movement at Calcutta, Madras, Tuticorin, Carwar, &c., for
the same week and years has been as follows.
TUTICORIN, CARWAR,
Britain
Havre
839.000 12,000 1,224,000
865,000 6.000 1,112,000
8:18.000
612,000 6.000
882,000
716,000 4,00o
566.000
4,892
Same
Total
‘Nov.
Nov.
v
200
Other French ports.
Since
Jan. 1.
This
Week.
Total.
ports.
Total to Great
Receipts.
1.
19.
York since Sept. i. 1881.
ending-
Oct.
26.
Oct.
6,056
Liverpool....
Other British
According to the
CALCUTTA. MADRAS,
(balm) from New
all
Shipments since Jan.
Shipments this week.
rv*u xxxm.
CHRONICLE.
THE
634
Baumwall, 4,500—Zealous,
To Reval, per steamers
To Barcelona, per bark Espaua, 118
To Malaga, per steamer
To Genoa, per steamers Provincia,
3,702..
5,846
5,346 Upland
To Reval, pec steamer Colombo,
To Reval and HeUiugfors, per steamer
land
To Barcelona, per steamer Ponriae,
To Genoa, per brig Toronto. 1,450
Fosoolia, 4,450 Up-"
4,451
A oautar is 99 lbs.
4,'650
4,650 Uplaud
Uplaud
*’450
This statement shows that the receipts for the week ending
4,702
Texas—To Liverpool. per ste uner Effective, 4,702
Jfov. 10 were 133,00J cantars and the shipments to all Europe
To Bremen, per steamer Northumbria, 4,377
4,3/7
were 12,101 bales.
To Vera Cmz, per stea ner Whitney, 1,047
1»0*7
Wilmington—To Liverpool, per bark Braekka, 1,278
1>2<«
Manchester Market.—Our report received from Manchester Norfolk—To Liverpool, per steamers Linhope, 6,000—R. F.
Matthews, 5,330
per bark Kedron, 4,325
15,655
to-night states that prices have advanced for both twists and Baltimore—To
Liverpool, per steamers American, (additional)
shirtings, and that the market is firm. We give the prices of
501
Gracia, (additional) 314
Hibernian, 270
1.085
to-day below, and leave previous weeks’ prices for comparison:
To Bremen, per steamer Weser, 700
7W
Boston—To Liverpool, per steamers Bulgarian, 541
Iowa,
1880.
1881.
1,458
Marathon. 1,002
3,001
Philadelphia—To Liverpool, per steamer British Queen, 923..
OotVn
OotVn
12,101
Total Europe
*
32s C op.
Twist.
Sept. 9
ii
u
u
16
23
30
Oot. 7
44
14
«
21
II
28
Not. 4
it
11
d.
8 78®
4.
s.
9*2
6
87e® 9*2 6
9 0 9k 6
9*8® 9% 6
9k® 9% 6
9
9
0
0
9»s 6
ir»2
9k® 9*
9 *8 a 978
9m® 10
6
6
6
6
8 k lbs.
Mid.
Shirtings.
TJp (Is
■
d.
s.
d.
d.
5k®7
5k®7
8k
8k
6
6
6
6
6
6
6
6
0
0
0
0
0
0
0
7k
Ik
67i«
-08
as
08
®8
03
®8
®S
08
7k
73lfl
7716
67s
67,6
630
67ia
63q
8k
32# Cop.
d.
d.
9k ® 978
9k ® 97s
9k ® 97e
9k ® 97e
9k ® 9k
lbs.
s.
6
6
6
6
6
9k ® 97s 6
930 ®10k 6
93s ®l0k 6
6
9k ®10
6
9k ®10
d.
s.
9
07
9 07
9
07
7k®7
07
7
8
9
9
9
9
07
03
08
08
08
d.
9
9
9
9
8
9
0
0
0
0
TJplds
d.
7116
73lfl
7116
The
particulars of these shipments,
form, are as follows:
Ck
6k
6k
6k
671rt
arranged in our
Reval Barceand Iona <4
Hel- MaiLiver¬
pool. Havre. burg, singfors. aga.
598 1,142
5,198
5,249 8,202 1,565
7,550
Bre&
Ham-
men
6iiie
York this week show a
the total reaching 7,038
bales, against 7,932 bales last week. Below we give our usual
table showing the exports of cotton from New York, and their
direction, for each of the last four weeks; also the total exports
and direction since September 1, 1881, and in the last column
the total for the same period of the previous year:
Total...
613?6
f
The Exports of Cotton from New
decrease, as compared with last week,
112,339
Mid
Shirtings.
Iwisi.
New York..
N. Orleans.
865
Mobile
Charleston.
Savannah..
2,571
6,854
Texas
4,702
3,980
3,6o0
......
.\\\\*
1,450
1,047
Total.
7.03S
27,517
n,95i
32,200
10,126
1,278
15,655
l,78o
700
3,001
923
1,047 112,339
Amsterdam, 10
8,178 17,318 17,998 11,615 6,4'H
totals are, from New York to
Include! in the above
hales.
......
6;4ob ;;;;;;
•
1,278
15.655
Norfolk
Baltimore..
1,085
Boston
3,001
Philadelp’a
923
49.682
4,951
5,850 9,796 4,650
4,377
Wilmington
Total...
Yen'a
Genoa. Cruz.
usual
535
THE CHRONICLE.
12, W81.J
fOVEMBEK
BRE ADSTUFFS.
give all news received to date of disasters to vessels
parrying cotton from United States ports, etc.:
wmaarabia steamer (Br.). Bevap. from Savannah, whloh arrived at
Liverpool, October 29, took fire while discharging Nov. 2, and had
her cargo partially damaged.
ronMAHDKK, steamer, from New Orleans.
Afl.ro broke out on board
steamer Commander (Br.), lying In Brunswick Dock, Liverpool, on
October 24. Several bales were charred, but ship undamaged.
Below we
quickly extinguished.
Friday, P. M.. November 11, 1881.
has been only moderately active in th«
The flour market
past week, and prices have not varied much. The feeling,
however, is quite unsettled. Receivers meet the demand quit*
Liverpool, freely, in view of the depression which has prevailed in the
propeller, wheat market, although supplies of favorite brands are by no
means large.
ftfliOL steamer (Br.), Thompson, from Savannah for Reval, put into Ply¬
City mill flours continue in much favor for th«
mouth, E., Nov. 3. She had exnerienoed heavy weather, during
West Indies and South America, but the relatively cheaper
which the chart room was washed awa>*, the bridge damaged,
The Are was
w
steamer (Br.). before renwrted, from Norfolk for
which put luto St. Johns, N. F., Oot. 3t, with damage to
proceeded on her voyage Nov. 7, having repairod.
,
lmoakd
boats stove
and stanchions started.
Hull, while lying at her wharf at Hoboken,
her outward
board, caught fire
towed into the
confined
her rigging and fore¬
is estimated
from the engines damaged part of the
about 300 bales of ootton on the dock awaiting
products are taken for Great Britain and the loca 1
trade. To-day there was a firmer, though quiet, market; bat
onr quotations do not cover some barely sound stock.
Western
EJAigo, steamer (Br.), for
N. J., Nov. 6, with part of
oargo on
from the wharf, which was ou Are.
Sim was
stream, and the fire, which was
to
castle, was extinguished. Tha damage to the steamer
at $1,200. Some water
—-
There were
cargo.
shipment.
-
Tuts.
Mon.
Satur.
632® *4
Uverpool, steam d.
Wednes.
Thurs.
*32® *4
*32 ® *4
farther and material deoline in
a
values, not only on the spot but for future delivery. There has
been a moderate export demand, and receipts are still on a
greatly redaced scale as compared with last year; but the pres¬
sure to sell and the loss of confidence in the future of values,
week have been as follows:
Cotton freights the past
■"
The wheat market shows
Fri.
accumulation of supplies, have forced down
716*
71S*
710*
prices. The subsidence of the floods which interrupted railway
7l«*
7l«*
716*
and other transportation in the Northwest promises more
Do
sail
c.
*8®716 38®7ic *8®7l«
®8®71S
Bremen, steam, .e. 38®716
liberal supplies in the near future. Still, the decline is not
Do
sail
c.
important. To-day the market was better. The export demand
71S
Tl(*
710
716
716
716
Hamburg, steam d.
was more urgent, and there was a revival of speculation; No.
Do
sail...d.
2 red winter sold at $1 45% for December and $1 48% for
®ie
®16
•is
•l8
•it
•l6
Amst'd'm, steam, e.
Do
sail.-.d.
January.
*4
%
%
38
*8
Baltic, steam—d.
Indian corn has shown a downward tendency, and prices hava
Do
sail
c.
yielded more than in previous weeks. A report from Washing¬
Compressed;
ton was published on Wednesday saying that the forthcoming
Liverpool.—By cable from Liverpool, we have the following
report of the Agricultural Bureau will be very unfavorable to
statement of the week’s sales, stocks, &c., at that port:
the corn crop, and this gave temporary strength to the market.
But there was renewed depression yesterday. To-day, how¬
Bov.
4.
Nov.
11.
0*1. 28.
Oet. 21.
ever, more favorable foreign advices caused an advance, and
79.000
77,000
100,000
91,000
Sales of the week
bales.
9,800
6,200
4,400 No. 2 mixed sold at 69^@69%c. for December and 71%@71%••
2,900
Of which exporter took
5,700
4,100
2,500
7,300
Of which speculators took..
60.000
76,000 for January.
71,000
61,000
■Sales American
4,200
5,700
3,500
4,200
Actual export
Rye has continued dull and drooping, and yesterday prime
I4,u00
7,300
4,200
8,000
Canada
sold to arrive, in bond, at $ 1 03. Barley, at the decline
533,000
509,000
505,000
542,000
Total stock—Estimated
416,000
399,000
395,000
415,000
Of which American— Estim’d
noted in our last, became very active, and there was some
75.000
95.000
61,000
37,000
Total import of the week
G'LOOO
49,500
73,000 recovery in values; but to-day was quiet, with buyers and
22,500
Of which American
23 >,000
202,000
160,000
202,000
Amount afloat
sellers apart. Prime Canada malt sells at $1 30.
IBIJKK
12 L.000
164.000
195,000
OJ which American
Oats have been variable, but with less activity to the specu¬
fijo tone or tiio Liverpool market for spots aud futures eaoh day of the
week ending Nov. 11, and the daily closing prioes of spot ootton, have
lative or the local trade; and the aggregate changes in prices
follow*:
are not great.
To-day the market was firm. No. 2 graded on
Wednes.
the
Thursd'y. Friday.
spot, 51%c. for white and 47^c. for mixed, aud No. 2 mixed
Saturday Monday. Tuesday.
for future delivery, 48%c. for December and 60%c. for January
Active
Market, t
and
Firm.
Firm.
Firm.
llarden’g.
Firm.
The following are closing quotations:
firmer.
i£:Jor.M j
sail...*/.
Havre, steam—c.
Do
.
....
....
....
....
....
....
....
....
....
....
....
....
....
—
....
....
....
....
....
....
....
•
....
....
....
....
....
....
....
....
....
....
•
•
•
....
•
....
—
<
•
•
under the present
•
*
—
„
—
as
Mid.
6%
31*
Upl’ds
6%
6*2
Mld.OiTiis
Sales
12,000
3peo>& exp.
2,000
12,000
2,000
67i«
6®is
6®is
12,000
15,000
2.000
2,000
67ie
69ie
Si;
15.000
2,000
Flour.
No. 2 spring...# l>bl.
No. 2 winter
12.000
2,000
Winter superfine
Spring superttue
Spring wlioat extras..
Futures.
Market, l
143:30 f.m.
Market,
5 P.
M.
-
J
j
$
Firm.
8teudy.
Firm.
Steadier.
Quiet.
do XX and XXX...
Wis. & Mien, rye mix.
Winter siiipp'g extras.
do XX aud XXX...
Patents
Quiet
but
steady.
Firm.
Quiet.
Weak.
Firm.
Firm.
Firm.
City shipping extras.
Southern, bakers’ and
family brands
South’11 slip’g extras.
Rye flour, superfine..
The actual sales of futures at Liverpool for the same week are given
on the basis of Uplands, Lovr Middling clause,
tolow. These sales are
Micas otherwise stated,
Saturday.
Delivery.
d.
JJor......... 6n:{2®! ;i;ja
d.
Delivery.
Feb.-Mar
Delivery.
d.
Mar.-Apr
Apr.-May
May-Juue
Nor
63q
6%
May-June ..3H16®2132
June-July ..62332® llie
(>710
6**
Nov
Nov.-Dee
(U7.i2
June-July...
6-832
Dec.-Jan
Mar.-Apr
Apr.-May
-
61332
6I832
62832
6i*32
Jan.-Feb
Feb.-Mar
Jan.-Feb
Feb.-Mar.
6 3q
®
67ia
1332®716
Jan.-Feb..
-Si5**
-61*32
Mar.-Apr
Apr.-May
Mar.-Apr.
June-July
At—
65s
Nor
61332
*'ls32
3I032
Deo.-Jan
Jan.-Feb
•62i32
.638
.6*3
•6»1«
Nov.-Dee
pw.-Jan
Jan.-Feb
Fab.-Mar
Apr.-May
7. *-3‘Je
--61*32
.
.61*
"Vi”
May-Juue
June-July
Apr.-May
.
6I832
May-June.
.65e
June-July.
02132
Jan.-Feb..
Feb.-Mar.
615s2
.6’*
ii«
-6IS32 Mar.-Apr.
61*32 Apr-May
May-June
-671*
-6»i, June-July
Nov
Nov.-Dee
.
Dec.-Jan
Mar.-Apr
Nov.-Dee....
®M.-Jan
JML-JFsb....
-.61332
Feb.-Mar
-613.32
...67,e
Mar.-Apr
Apr.-May
..
.6l*32
May-June..^,,
.
.61*
617m
..
8 50
7 00® 7 25
6 40® 7 25
5 75 ® 6 25
5 15® 5 40
...
Rye
Oats—Mixed
Wliite
14
42%
41
70
69
72
73
03
48
53
Barley—
Canada No 1....
Canada bright...
Slate, 4-roweci...
1 13
1 15
1 00
3 40® 3 80
8tate, 2-rowod...
3 HU® 3 90
3 75® 4 00 Peas—Can ’(la. b. Jet.
®1 15
®1 17
u 1 02
®
.
•
Wheat,
Corn,
Oats,
Barley,
bbls.
<193 lbs.)
bush.
bush.
bush.
bush.
(60 lbs.)
(56 lbs.)
63.205
231,222 1,237,026
Milwaukee
Toledo
Detroit
59,382
100,119
15,400
1,385
73,389
76,781
11,310
3,712
36,493
73,190
1,450
212,774
11,821
37.500
203.4 >0
2,547
13,120
292,125
f.
Total..
178,364
738,594 1.874.103
Same time ’80. 213.012 2,932,143 2,578,355
..
Total receipts at same ports
sive, for four years:
.61*
617.32
61®32
Flour
65,
Wheat
Corn
Oats..
68132
Friday.
Nov
7 00
Ohicago
Peoria
Thursday.
Nov
3 25®
3 50®
40
38
.
a
p
SSl
(32 lbs.) <48 lbs.) (56 lbs.
334,972 238.019 46,489
42.9d0 109,414 12.450
31,838
1,427
23,382
5.372
23,200 23.400
54 778
83.238 10,388
173,500 24,750 23,050
......
Duluth
Feb.-Mar
Mar.-Apr
5 60® 3 00
Red winter
Red winter, No. 2
White
Corn—West, mixed.
West, No. 2.
Western yellow..
Western while
Flour,
Cleveland
8t. Louis
Wednesday.
‘Nov.-Dee..7.
3 75
.
for the week ending Nov. 5. 1881:
6H»
Nov
5 85®
G Jo® 3 50
$1 23
Receipts of flour and grain at Western lake and river
61732
38^
May-June
June-July
5 40® 5 75
#1
1 3>J
®
i 39
<wV
1 42
*1
1 33
®1
9
35
Ofiinie
39 ®
70 ®
®1
93
44
»
w
49
Spring
Spring, No. 2
(From the “ New Fork Produce Exchange Weekly.")
Tuesday.
Nov.-Dee.
Dec.-Jan
4 85 ® 5 40
4 50® 5 00
Rrtmdywine. Arc
Buckw’t flour, 100lbs.
MONDAY.
Nov.-Dee
Deo.-Jan
Jan.-Feb
Feb.-Mar
Wheat—
4 00® 4 50
Corn meal —
Western, »fee
Bi732®»16 June-July ..6lli6@ail32
G#ia®i033 | July-Aug
3%
..Gi»32®*8 Jan.-Feb
01732
62132 | May-June
6ui«
Nov.-Dee.. .6I1;12^i:532
Deo.-Jan
6i3;<o
Jw.'Feb...... 0^32^ H2
..
|
Grain.
$3 50® 4 25
Sf
I Mar.-Apr.
June-July
6Ji«
6a;
1 Jan.-Feb..
b1*
Barley
Rye
St
1
717.948 484.193
829,127 450,313
93.804
99,345
from Dec. 27 to Nov. 5, inclu¬
1879.
1881.
1880.
bbls.
7,665,986
5,534,305
5,803,280
4,779,704
bush.
49,355,8.5
119,314,382
72,211,512
137,745,593
88 379.511
86 126,223
75,370,182
85,039,565
33,840.397
34,957,448
27.964,384
27,762,837
8,189,353
3,222,321
7,320,314
3,343,400
8.317,129
4.329,345
8,*07.149
4,443,449
217,222,273
255,831,270
-
Total grain
....
1878.
215,116,892 201,228,139
THE CHRONICLE.
53B
ports from
sa
Comparative receipts (crop movement) at same
August 1 to Nov. 5, inclusive for four years:
1881.
1880.
1879.
1878.
Flour...
.bbls.
2,547,835
2,205,243
2,058,341
1,783.045
Wheat....
bush.
1-9.932.402
48,711.268
11,386,783
4,198.065
39.261,788
47,064,348
48,385.636
30.267,006
10,902,317
5,877,392
41.363.198
32,535.413
14.101.796
Com
Oats
Barley
16,930.036
5,014.578
1,954,016
2,222,934
Bye
Comparative shipments
following
Barley
9 4,066,838
grain from the same
for four years:
1879.
1S80.
1881.
Wheat...
Corn
Cats
97.849,455
1878.
bbls.
7,593.853
4,517,6GG
6,302,254
5.039 824
bush.
44,567.159
64,157,477
1 17,727,440
72,975,753
78,650,486
27.897.088
19,826,860
4,791,953
3,843,578
61,910,577
74,787.705
19,711.161
4.483.609
3,540,916
180,083.630
161.483,908
Flour
100,363,557
30.930,872
3.745,907
1,993,755
3,441,847
2,660,384
131,001,250
215,884,236
...
Eye
Total grain
Rail shipments
»P
from Western lake and river ports for the
weeks ended
.bbls.
flour.
1880.
1879
Week
Nov. 5.
Week
Nov. 6.
Week
Nov. 8.
Nov. 9.
155,520
155,146
•133,116
108.360
Flour,
oois.
5.. .190,597
Nov.
Oct.
29... 209.091
Oct, 22... 173,757
Oct. 15...199,816
322.975
345,023
315,975
145,504
903,661
185,065
78,844
191,813
125,082
82,104
69,049
53,927
25,522
2,030,925
1.971.215
1,255,164
760,479
Wheat,
Corn,
bush.
bush.
ending—
348,421
489,300
Sail and lake shipments from same ports for
Week
Oats,
bush.
757,710
2,166,062
2,755,745
918,144
832,088
2,931,633
2,138.417
643,747
582,211
512,424
3,123.578 10,041,857 2,299,535
8,356,385 11,575,353 4,434,962
Receipts of flour aud
Flour,
bbls.
127.444
Wheat,
Com,
Oats,
bush.
bush.
bush.
Portland
72,592
2,985
Montreal
20.085
Philadelphia...
18,361
890,902 1,002,111
229,165
33,620
8,400
196,248
107,400
39,000
Baltimore
New Orleans...
24,(54 5
273,600
New York
Boston
bush.
186,070
834
996
12.338
82.104
164,043
158,838
74,288
9 4,799
214,597
05.671
753,543 316.862
755.088 405,618
Rye,
Baj'ley,
bush.
bush.
36,790
60
13,972
1,000
9,000
16.000
7,728
Total weolt... 278.450 1,433.370 1,653,542
Cor. week ’80.. 294,191 3,639,336 2,371,540
434,831 326,899 60,822
612,153 481,630 174,195
Total receipts at same ports from Dec. 27 to Nov. 5, inclu¬
sive, for four years;
1381.
Flour
•Wheat
Cam
‘Oats
bbls.
10,096,172
bush.
82,395,2 45
93,001.549
24,223,924
3.473,731
Earley
.Eye
1,574,650
•Total-grata
204,672,099
1830.
1879.
1878.
9,011,123
9,306,313
8,136,619
112.708,505
125,786,187
20,596,237
3,512.892
2,183,163
264,786,984
130,131,246
94,514,092
93,779.355
19.240,473
21.319.699
4,735,819
91,593,062
3,937,062
4,062,143
4,401.736
251.885,016
218,829,671
Exports from United States seaboard ports aud from Montreal
'for week ending Nov. 5, 1881:
Wheat,
Flour,
.NewYork
Boston
Portland
Montreal
bush.
bbls.
From—
.....
54,819
8,828
Com,
btish.
Liverpool....
Oafs,
Rye,
bush.
bush.
465,585
16,118
438,364
161,751
2,688
170,967
G
34,518
150
Bacon,
Cheese,
lbs.
lbs.
Glasgow
312
1.197
242,500
1,378.520
635
35
173
393,725
5,370,297
106,960
652,325
277,006
41,250
337,200
332,975
....
Hull
\V. Hartlepool
Havre
Bordeaux....
Marseilles
.
....
269^874
lbs.
156,200
172,700
332,906
!
40,000
250
70
495
150
Hamburg....
10
Bremen
Copenhagen
Antwerp
705,060
535,595
61,980
12,000
Tallow,
65
...
....
.
-
-
'
*
1,000
m
......
490,100
.
Brazil
77
Central Am..
Mexico
S. Am. ports
Cuba
4,020
1,020.784
'
-
**•••«
572,250
29
....
....
124,000
156,717
53,860
5,067
1,375
373,318
97,369
12,391
33,552
r
2,579
517
1.001
■
-
...
102
231
575
187
50
3,572
1,467
420
1,199
2,315
21,100
West Indies..
Brit.N.A. Col.
Other count’s
275
376
10
85,170
14,394
12,382
6.241
1,740
1,200
Total week
6.499
4,219
1,965
5,543,641
7,322,155 1,004.708
5,302,275 1,550,267
670,567
325,037
Hayti
10
..
Prev’s week
cd
3,192
.
15.293
25'-
7,147
1,031
-
3,816,018
THE
GOODS
DRY
Peas,
bush.
24,975
3,144
TRADE.
Friday, P. M., November 4, 1881.
bush.
180,190 238,050
81,820
C,218
3,600
7S.343 41,801
67,150 40,800
264,000
47,406
lbs.
Iiye,
Barley,
ended Nov. 5:
At-
Lard,
bbls.
bbls.
141,576
at seaboard ports for the week
gram
the exports of provisions from New lork,
Reef,
Pork,
To—
last four weeks:
561.153
620,636
Tot.. 4 wks.773,261
4 w fes’80. .823.075
1878.
Week
1,002,452
271,404
Barley
Eye
Total...
1881.
389,755
523,906
bush.
Wheat
-Corn
Oats
are
Boston, Baltimore, Philadelphia, Montreal, Portland and New
Orleans, for week ending Nov. 5,1881, and their distribution:
5,676,293
389,838
2,417,104
110.224,796
of flour and
27 to Nov. 5, inclusive,
.
,
Exports of Provisions.
The
London
80,451.452
Total grain...
[Vol. JUXIIT.
Operations in dry goods have been restricted in volume the
past week, owing partly to the intervention of a legal holiday,
which
was
trade.
generally observed in the wholesale branches of the
an active undertone in the cotton
There was, however,
goods market, with fair transactions for present and future
delivery, and the movement in woolen goods on account of
back orders
was
of liberal
proportions.
The weather has been
unfavorable for the distribution of
heavy fabrics adapted to
with jobbers
although they experienced a steady demand for small re-assortments, through the medium of orders from retailers in various
parts of the country. Accounts from the interior are generally
satisfactory, but some small failures have occurred among
winter wrear, and business
was
therefore quiet
Southern retailers, and a retail house in this'
ties of about
city, with liabili¬
$250,000, has been compelled to make an assign¬
ment.
Domestic Cotton Goods.—The exports
of cotton goods from
during the week ending Nov. 8 were 1,580 packages,
including 700 to Great Britain, 269 to U. S. of Colombia, 144 to
Argentine Republic, 128 to British Honduras, 87 to Hayti, 75 to
this port
Central America, &c.
There
first hands for the most
was
a
fairly active demand at
staple cotton fabrics, but business was
quiet with jobbers. Prices ruled very firm, and
Philadelphia..
471
18,454
98,250
advanced quotations were made for additional makes of brown
•Baltimore
5,100
31,713
212,045
New Orleans..
and
12
285
bleached goods, wide sheetings, ducks, stripes, satteens,
48,019
grain bags, &c., without apparently checking the demand, buy¬
Total for w’k 88.812
883.454
778,933 37,356 72,482 148.984
Same time *80. 162,882 2,517,300 2,434,852
8,714 258,481 177,539 ers realizing
the fact that the most desirable fabrics are really
The visible supply of grain, comprising fclie stocks in granary scarce. Print cloths have been less active in demand, but prices
at the principal points of accumulation at lake and seaboard
ruled firm at 4c. cash and 4c., plus a small percentage, for 64x64
ports, and in transit by rail and water, Nov. 5, 1SS1, was as
“spots,” 4 l-16c. for 64x64 “futures,” and 3/£c. for 56x60s.
follows:
Prints
continued quiet, and there was only a moderate inquiry
Oats,
Corn,
Rye.
Barley,
Wheat,
bush.
bush.
bush.
bush.
hush.
Pn store ill—
for ginghams and cotton dress goods.
38,131
(56,465
'New York
0,207.766 6,055.767.1,610,122
41.000
370.000
465,000
Domestic Woolen Goods.—The market for woolen goods has.
-156,000 1.650.000
Do. afloat (est.)
15,000
109,00)
107.500
69.500
12.300
Albany
535,529
75,718
17,060 been inactive as regards new- business, but there was a good
30,703
491,967
•fiaftalo
379.559
332,740
3,743,687 C,870, 570 386.095
Chicago
199,586
86,306 steady movement in light-weight cassinieres, suitings, worsted
3,610
1,221
.442,187
Milwaukee
227,000
coatings, &c., in execution of orders previously placed by the
91,251
234.097
1,266,213
-Toledo
clothing trade. Heavy clothing woolens moved slowly, and the
15,370
8,926
740,311
Detroit
675,060
48,000
180,000
90,000
demand for cloakings was light and irregular. Spring woolens
^awego
37,748
129,303
Bt. Louis
1,034.283 1,459,278 323,368
5,814
2,911 have rarely, if ever, been so largely sold ahead at this stage of
289,278
121,242
51.123
Boston
30 2.242
8,557
198.757
the season, and all fabrics of a desirable character are firmly
30.031
10,505
19,734
44,203
382,591
Montreal (1st).
6->.000
790,584
626.590
held by manufacturers’agents. Kentucky jeans have lacked
Philadelphia
317
188,203
149,783
134,043
8,705
pM>ria
43.7C0
9,100 animation, but there was rather more inquiry for satinets, which
193,400
459,200
Indianapolis
98,004 resulted in a
68,295
59,051
424,180
Kansas City
moderately increased business. Scarlet and blue
882.231
2,033,730
Baltimore
118,926
flannels, also dress flannels and sackiags, were distributed in
91,000
188,000
576,000
5S6.304 1.653.300
On rail.......
relatively small parcels to a fair amount; and such was the case
72.000
599,000 2.013,000
On lake
414,000
73,000 with blankets and shawls ; but worsted dress
101,000
685,000 1,700,000
On canal
goods were slugk
gish.
Tot Nov. 5, '81..
Oct. 29,’81
Foreign Dry Goods.—The demand for imported goods was
Oct. 22,’81
►.586,272 28,682.059 4,760,412 2.506.187 1,093,772 almost wholly of a hand-to-mouth character, and in detail
Oct. 15,’81
>,169,847 28,120.876 5,759,915 1,922,309 1,052,599
Oct.
8,’81
tz »QA
.,750,566 17.322,861 4,916,355 2,702,178 869,592 there are no changes to report, in this branch of the trade.
50
19,532
47,507 145,840
mostly
»
......
4
...
.
•
-
..
...
>
,
Vnu
THE CHRONICLE.
12, 1881.1
JfOVfiMBEB
fairly supplied with silks, satins, vel¬
wee^>s business in this
vets laces, etc,» an<*
^ea^ure
Connection was a large peremptory sale of all-silk plushes,
tfhicb was attended with satisfactory results, the entire offerin^ and a good many duplicates having been disposed of to
The
auction rooms were
j
good advantage.
importations of Dry Goods,
■
587
Receipts of Leading Articles ot Domestic Produce.
The following table, based upon daily reports made to the
New York Produce Eichange, shows the receipts of leading
articles of domestic
produce in New York for the week ending
Tuesday last (corresponding with the week for exports),
also the receipts from Jan. 1, 1831, to that day, and for the
corresponding period in 1880 :
with
■
importations of dry goods at this port for the week
ending Nov. 10, 1881 and since January 1, and the same facts
for the corresponding periods of 1880, are as follows:
The
ffeek ending
Nov. 8.
Aslies
-■
■
Since Jan. 1,
Same time
1881.
last year.
88
3.012
..bbls.
868
89,223
2,868
44,280
..bbls.
...bids.
..bush.
..bush.
.bush.
..bush.
.bush.
.bush.
..bales.
..bbls.
99,355
4,743,198
180,122
4,190,675
733,570
33,324
950,164
138,414
246,100
40.G47.20l
869,O^O
41,040,151
4,294
219,587
27,987
834,673
51.152,646
1,491,472
56.109,541
12,170,462
4,518,619
392,968
798,881
Beans
Breadstuff's—
Flour, wheat
■^0D(
®
to
Corn meal
Wheat
£
r;
z- *-»
§: §
Rye
Corn
.
Oats
Barley
Peas—
.
Cotton
pp
CK
it-
1,30
HtO
>0 V**
ft
©
k>
w
it* to
#*
tot-*
cc
-J tit
ft
00 tit
ft
r
OC5
OM
M
It tit
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05 C
X
ft. to — to 00
<t w©c to
©©MIOOX
to
WOOOi^l
1—
© 1—
iPil**l'l to
at©*—com
MX to
05 00 COOt 00
CO W O Ot 05
05
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M05 Ut
05
M*
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00 ■— O' M *tj
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85,375 25.32 7.460 13.206 24, 81
CO
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o
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if*b
ft
aCJt
tow
H
w'-s
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o
2,17 5,028d9 5,0194 ,05321 9,32640
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Turpentine, crude. ...bbls.
35
1.493
bbls.
...bbls.
1.097
71.015
270.811
..
..
-4 © © X ©
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GC
M
*
22.350
..pkgs.
11,351
517,061
312
563,101
8,506
9,254
2,089
105,080
80,727
9,538
1,947
,423
122,926
35,201
128,529
30,446
.galls.
.
The
-pkgs.
Pkgs.
..pkgs.
..pkgs.
•
bbls.
tcs. & bbls.
fTlie quantity is given in packages when not otherwise specified.]
China,
&cv—
Chiua
Earthenw
.
Glass
Glassware.
Glass plate.
Buttons
Coal, tons...
24,101
46,577
425,212
49,630
6,861
10,102
51,542
Cocoa, bags.
49,-494
Coffee, bags. 2,215.260
1881.
Metals, &e—
20,543 Iron, pig...
RR. bars
50,971
600,177 Lead, i>igs.
531052 Spelter, lbs
6,035 Sreel
11,220 Tin; boxes.
“
Bark, Peru.
26.514
Cochineal..
17,008
4,913
44,083
27,550 Tea
3,444 Tobacco....
87.824 Wines, &o.—
6.526
5,849 Champ’gne
baskets..
6,279;
1,109 Wines
42,446 Wool, bales.
1,553! i Reported by
Cotton,bales
Drugs, &c—
9,093
Blea. powd.
Gambler
..
Gum, A.rab.
Indigo...
Madder, &c
4,337
525
Oil, Olive..
45,775
1,128
6,244
40,269
Opium....
8odu, bi-cb.
Soda, sal...
Soda, ash..
Flax....
Figs..
Ouimy
6.433
9,466
2.381
cloth
Hair....
Hemp, bales
Hides, &c.—
Bristles..
Hides,
08.205
6,802
264,409
dr’sd
India rubber
Ivor?...
Jewelry,&c.
.
Linseed
Molasses..
Metals, &cCutlcry
Hardware..
30,228
42,507
5,001,731
442,446
1,474,575
24.228,935
274,912
967,984
1,317,001
48,674!
} value.
Cigars
89.0671 'Fancy goods
°
7,0 Ilf iFisli
11,122 Fruits, &o.—
3,383! Ivemons
..
11,270!
219,669
Oranges
2,852'
7,234*
2,736
60,610
2,112
1,513
3*199
1,037
959
.
...
Nuts
538,398
572,732
2,622,300
2,908,734
811,265
1,031,871
55,589
176,040
(.6,761
204.252
124,624
172,978
48,548
96,683
$
1,470,203
1,485,602
579,501
1,195,543
1,370,653
841.228
$
1.292,748
1,335,365
515,506
1,535,591
1,405,286
873,916
1,373,955
1,170,812
Hides, undr. 17,075,776 20,259,938
Rice
:
222,791
338,333
Spices, &c.—
Cassia.....
204,780
66,929
09,830
101,941
Ginger
539,543
620,329
Pepper....
313,977
Saltpetre...
339,520
....
....
Jewelry...
Watches
10,252
Raisins
2,209
6,330
58,880
315,240
718,691
70,105 Tin slbs.,lbs 15,033,257
35,769 Paper Stock.
157,849
3,495,121 Sugar, hhds,
5,693 tcs., & bbls.
Sugar, boxes
31,224 and bags...
1880.
239,572
325,620
2,199,536
174,427
67,790
421,605 Woods77,434 Cork
....No.
Fustic
5,933
856
6,659
1,141
.....
Logwood
..
Mahogany.
329
940
57
Tallow
Tobacco
530,646
212,803
.
.
....
.pkgs.
586
350
5
.
Sugar
Sugar
..pkgs.
boxes & cases.
..hhds.
Wool
531,533
5,481
2,048
1,426
Spelter
958,460
1.299/210
2,563,782
9,067
..pkgs.
1,467,020
1.201,014
2.213,021
511,257
564,199
'
147,815
35,993
59,088
110,505
18,139
40,883
00,065
60,898
17,543
9.946
16,119
829
4,128
138,703
2.350
3.532
6,521
So,0^0
185,71 6
90,463
134
9,103
92.432
43,215
,
138,093
91,775
256,316
83,878
Exports ot L:lading Articles of Domestic Produce.
The
following table, based upon Custom House returns, shows,
from New York of all leading articles of domestic
produce for the week ending with Tuesday last; also the exports
from the 1st of January, 1831, to that day, anl for the cor¬
esponding period in 1880 :
Week ending
Nov. 8.
Ashes, pots
Ashes, pearls
Beeswax
Breadstuff's—
Flour, wheat
195
762
196
56,351
86,480
...bbls.
57,985
3,938,785
3,643,112
3,913
2,913
172,926
3,487
160,407
37,713,405
883,330
407,396
15,349
201,873
28,276.448
46,654
59,458
476,535
118,917
56,425,421
1,869,235
375,124
....bbls.
Corn meal
Wheat
.bbls.
...bush.
...hush.
.bush.
..
Gats
..
Barley
537,701
77,029
781,030
244,905
1,212
694,404
24,973
3,634
..bush.
.
Teas
Corn
Candles
Coal
Cottou
3,112
...bush.
420,514
...pkgs.
270
.tons.
...bales.
Domestics
...pkgs.
1,719
4,695
1.580
Hay
Hops
...bales.
.bales.
1,284
..
.
Naval Stores—
Crude turpentine
.
Spirits turpentine.
Rosin
Tar
Pitch
Oil cake
Oil3—
Whale
i...
bbls.
bbls.
....bbls.
bbls.
bbls.
...
.tierces.
Cheese
Lard
Rice
Tallow
.v.hhds.
bales and cases.
Tobacco,manufactured, lbs.
Whalebone
...
.
lbs.
73,561
30,277
166
210
262,906
276,290
45.359.179
43,252
49,657
562,519
102,540
102,243
10,469
-V
3,815
10,799
170,238
126
69
9,606
4,374
117,408
6.341
4,769
61,479
2,146,966
3,759,657
14.G
1G3.213
5,130
162,292
320,155
70,185
253,654
668,672.
353
31.988
6,658,546
296,633,730
4,416
1,694
264,113
1,079,682
163,924
40,791
46,938
326,489,799
17,250,947
116,907,867
4,160,098
194,016,946
718
4,669,875
lbs.
lbs.
lbs.
...bbls.
lbs.
Butter
Tobacco
1.592
...
----gals.
....gals.
....gals.
....gals.
....gals.
Sperm
Lard
Linseed
Petroleum
Provisions—
Pork
Beef
Beef
Cutmeats
Same time
last year.
325
Flour, rye
Rye
Since Jan. 1,
1881.
...bbls.
bbls.
lbs.
Tobacco, leaf
627,532
107,610
677,802
396,252
1
2
4
...
following table, compiled from Custom House returns,
foreign imports of leading articles at this port from
Jan. 1 to Nov. 4,1881, and for the corresponding period in 1880 :
!
181
—
shows the
1880.
18,404
2 ,£33
3,272
the exports
Imports of Leading Articles.
1881.
2,590
88.052
340,428
228
5
Rice
Whiskey
545
47,512
...bbls.
..bush.
Lard
Lard
a1
6,766
*.....
Butter.,..
Cheese
Tobacco.
155,006
j
Turpentine, spirits.
Peanuts
Provisions
Pork
Beef
33.395
3,367.129
3,413
.hhus.
54,315
Rosin
Tar
39,171
2,411,785
138,361
303
CTO
•
tO
©
11,929
125.309
81.526
...bbls.
Stearine
O' o M © X
M
...pigs.
Hogs, dressed
-J
•IX
Molassos
Oil, lard
Oil, whale.
PM
'NiiftSt
■
343.619
87,681
.
M
f—
©
X
Molasses
Eggs
ot to to
X © ot ot If -
to
^4
r.
97.692
127,107
33,629
.sides.
6,468
2,228
751
3.013
32,656
.
Pitch
Oil cake............
H-i
M M
M
35,233
1,003,201
Hops
a*
©
*—k
M
25,368
19,200
Hides
Cutmeats
© 03 M to to
© X © — ©
<1 X M
to -J © © X
© O' © M X
c5
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5
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—
351
..bags.
Leather
142.849
13.547,1 11
4,697,058
Naval Stores—
it— X if*
X
M
to to © M
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Cotton seed oil
Flax seed
Grass seed
Hides
Lead
©1
o
to
^4
h-i
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<J©Xt. to^
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© o; © to tit
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coco
C5 01
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3,196
PC
2
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00
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ft*-
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461 123 176 204
M
3,469
484
20,346
197,200
1,561
39,671,686
754
57,504
2,187
75,921
48,189
4,924,334
96,665
25,623
112,632
217,521,663
199,298
53,322
47,915
454,1G9;596
26,191,381
110,073,620
248,291,990
19,913
71,534,321
80,116
45,365
5,664,104
77,127
THE CHRONICLE.
638
Solicitor and Attorney.
Counselor,
profession. Refers to Bank
Mvdv to his
<T
^
Siat^. in
and de¬
time exclu-
Religious and
charitable Institutions, and persons
transaction of business, will
unaccustomed to the
1864.
CHA8.
Coleman Benedict & Co.
EXCHANGE.
A strictly commission business conducted in the
purchase and sule of Stocks and Bonds on Margin
or for invest ncent.
Complete Financial Ueport issued week y to our
Y STOCK
MEMBERS OF TIIE N.
correspondents
YORK,
ST., NEW
Member of N.
INVESTMEXTS.
FlRST-CXlfeS
Sell on Commission, for
gin, all securities dealt in at the
Buy and
cash or on mar¬
New York Stock
tele
No. 80
GAS STOCKS
BROAD
No. 5
8
SECURITIES,
KEET RAILROAD
AND
KIXTS or
DEALT
3KU GAS
Member
A
Schley,
on
1A
WALL
STREET.
YORK:
Geo. W. Cecil,
Member N.Y. Stock Ex.
D. C
approved collateral at the
to check at sight.
daily balances.
Bos¬
Exchanges.
Report is
4 per cent interest allowed on all
Orders executed at London, San Francisco,
ton, Philadelphia and Baltimore
P. 8.—My New Y’ork Weekly Financial
mailed free of churge on application.
NEW YORK,
bonds
desirable
of
assortment
An
CINCINNATI. O.r
NEW
Hatch,
Member N. Y. stock
31
BANKERS
Wm. B. Kendall.
A. W.
BROKERS,
No.
STOCKS,
and
all
reputable
Securities
LOANS
bought and sold in the OPEN MARKET.
And COMMERCIAL PAPER negotiated.
aid on DEPOSITS, subject to
▲lex. s. Clark
Interesi
check.
ANKEKS AND
3 Pine
balance
.
Exchnnce.
and Bonds,
EXCHANGE.
Oito C. Wiibu*.
Street, New York.
Co.,
R. A. Lancaster 8c
BANKERS AND BROKERS,
YORK,
NEW
BROADWAY,
DKALER8 IN
First-Class
Securities.
Investment
GOVERNMENT bonds, state, city, codntt
RAILROAD A MISCELLANEOUS 8KODR1TIE8
Bought and Sold on Commlbeloa.
Bought.
f.
C. NOYES,
NASSAU
8ee
DEALER IN
GAS
TELEGRAPH
BANKER8
No.
2
COMPANY**
Stocks & Bondi
James Kitchen,
SOLD.
BROKER
COMMISSION
Stocks, Bonds and all Investment Securities
bought and sold [strictly en commission] for cash
or on margin.
Glazier, Kohn & Co.,
AND BROKERS,
UNCURBEJT
IN
INVESTMENTS,
WILLIAM ROBISON,
N. Y. Stock Exchange.
AND BROKERS,
STOCKS,
SECURITIES.
MISCELLANEOUS
BONDS
EXCHANGE COURT.
BANKERS
STOCKS
AND
YORK.
Floyd-Jones & Robison,
BONDS,
A\I>
STOCKS
City and other Railroad
quotations of Oity Railroads In this paper
YOBI,
STREET, NEW
BROAD \¥ AY,
BOUGHT AND
BBOKEES,
commission all Securities dealt in
8®n
•A the New 1 ork brook and the New York Mining
Exchanges. Deposits received and interest allowed
•A
Grant,
H. B. BaCOX
Clark 6c Ik. con,
®uy
GOVERNMENTS A FOREIGN
Chas. K. Randall,
Member N. Y. Stock
NEW YORK.
CITY RAILROAD STOCKS &
e’asses of Securities dealt In at the NEW YORK
STOCK EXCHANGE, or all
145
W. C. FLOYD-JONK8,
Members1 of the
Commission GOVERNMENT
RAILROAD BONDS and
L.
NEW
—BARKERS*
25 ftNe §t. - i^euuyoRK!
and
Beasley & Co.,
H.
(olAl^S.pOUDEN yE]«^INS,
on
PLACE,
50 EXCHANGE
Brokers in Railroad Stocks
TRUST
STREET,
Refer to Messrs. Fisk A Hatch.
Purchase and sell
Randall & Wierum,
21
98 BROADWAY,
AND
AND 80LD 01
COMMISSION.
WM.
O.
Krcb.
WALL
STOCKS AND BONDS BOUGHT
ADDRESS:
cKai'ci\ Sc
No.
Wall Street, New York,
Correspondence solicited.
AND
w«. D.
54
SOUlHERN SECURITIES A SPEClALT.
LOANS NEGOTIATED.
Interest allowed on Deposits.
always in hand.
Cecil,Zimmerman
& Co.
BROKER8,
74 BROADWAY, NEW YORK,
09 WEST THIRD ST., CINCINNATI,
BROKERS,
BANKERS AND
Virginia Tax-Receivable Coupons
W. P. Thomas.
W. M. Wn.SHIRE.
M. ZIMMERMAW
BANKERS
John Sickhia
Y. Stock Kxcli.
Brothers Sc Co.,
Sand
66
SECURITIES.
INVESTMENT
BROKERS,
Km
bay or sell an
Municipal and
Railway Bonds and Coupons bought and sold at beat
COMMERCIAL PAPER NEGOTIATED.
Business Transacted.
bought and sold on commission for cash
Advances made
market rate.
Grof.sbkck,
Grant B. Sohlxy,
Members N. Y. Stock Exchange
Groesbeck 6c
Investors or Dealers wishing to
invited to communicate.
State,
General Banking
Deposits received subject
Kbxest
SECURITIES
knowledge of all for the past lOYetrt
A SPECIALTY.
STREET,
& CO., WASHINGTON,
or on
QUOTATIONS IN THIS PAPER.
RttOKEB,
STREET, MEW YORK.
of the N. F. Stock Exchange.
Securities
margin.
IN.
AMD
RAILROAD
An Intimate
Smith,
H.
RANKER
YORK.
Branch Office:
BATEMAN
S EC l RITIES
ii ROOIif.VX
OR 27 WALL
NEW
STOCKS AND BONDS
ALL
for cash or on mar¬
Stock
AND
BANKER
SECURITIES,
Iheo. V. Sanr.
Max E. Sand, Member N.
Trowbridge,
BROKER,
ANT)
G A *
Fred
graph.
F. E.
TO THE NEG*
SPECIAL ATTENTION GIVEN
TIATION OF
BROKERS,
AND
BROADWAY, NEW YORK.
NEW YORK.
STREET,
New York.
Pine Street,
Market Rates.
gin, a4l Securities dealt in at the New York
Exchange.
Interest allowed on dally balances.
Particular attention paid to orders by mail or tele¬
Prentiss,
H.
WALL
17
No.
Walker,
Rutter &
Buy and Sell on Commission,
Geo.
11
ST.,
W. N. WALKER.
Stock Exchange.
BANKERS
graph.
BANKERS,
RAILROAD
Y. Stock Exchange.
C. M. RUTTER,
Member of N. Y.
Exchange.
Interest allowed on daily balances.
All deposits subject to check, at sight.
Particular attention to ordere by mail
W alston H. Brown & Bro.
N- Y. Stock Exchange.
Member of
EDMUND P. SCHMIDT,
FRED. A. BROWlf,
WALSTON H. BROWN.
No. 20 BROAD
CORNELIUS W. OLLIFFE,
IN
DEALERS
BROADWAY & No. 13 NEJV
STREET,
WALL
5
New York.
Olliffe & Schmidt,
No. 72
NASSAU
17
BUNKER, Secretary.
WM. R.
BROKERS FOR THE PURCHASE AND
SALE OF RAILROAD SECURITIES.
K. Sistare’s Sons,
Geo.
No.
Alex. McCue,
Wm. B. Kendall, Henry Sanger,
John P. Rolfe,
Chas. R. Marvin. A. A. Low.
E. F. Knowlton, Abm. B.Baylis, Henry K.8heldon,
BOXDS,
AKD
STOCKS
TRUSTEES:
YORK,
BROAD 8T.# NEW
convenient depository
ROPES, President.
R. MARGIN, Vice-Prea’t.
and thts Company a safe and
for money.
RIPLEY
BROKERS,
STOCK
purchase and
ESTABLISHED
NO. 24
Lapsley, Field & Co.,
.
real estate, collect interest or
registry and transfer kooks, or make
sale of Government and other securities.
-
-
executor, or ad¬
management of
dividends, receive
of Monroe.
D. Seymour Wit.i.4—.
Stock Exchange.
^
Cyrus W. Field
Speeki,
N. Y.
by special charter to
This Company is authorised
act as necelver, trustee, guardian,
ministrator.
c
It can act as agent in the sale or
Practices in the District, Circuit and 8upreme
tates and
the
Courts of the United
all classes of cases. Has no other busines-,
votes his personal attention and all his
of
Clinton sts.,Brooklyn,
Cor.of Montague A
LOUISIANA.
Howard Lapslit,
Members N. Y.
Cyrus W. Field, Jr.
Brooklyn Trust Co.
The
W. Farmer,
MONROE,
Financial.
Financial.
Financial.
W.
JVet* XXXJU.
70
STREET,
CEDAR
NEW
P. O. BOX 3413.
YORK
STOCKS and BONDS
At Auction.
Th«
Undersigned hold
REGULAR
BALES of all
classes of
ANI»
STOCKS
AUCTION
BOND*
ON
66
BROADWAY AND 19 NEW STREET,
NEW YORK.
STOCKS AND BONDS BOUGHT
COMMISSION.
WEDNESDAYS
4»KIA.\
AND SOLD ON
II.
No. 7 PINE
AND
SATURDAYS*
MULLER * S0»
STREET, NEW YOB*.
@FedFRASER