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:

W xmitk

AND

HUNT'S MERCHANTS' MAGAZINE,
BEPRESENTINO THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATBa

VOL.

NEW

33.

YORK, NOVEMBER
Financial.

Financial.

&

•1.

PHELPS,

N.

niv-wna

JAMK8 stokKs,
AN80N PHELPS STOKES,
4S

*

47 ITaU Street,
I 8 8 D B

New Tork,

TBAVBI.ERS> OBBDITS,

31

&

Buy and sell on comiuls Ion. for Investment or on
maricin, all securities dealt In at the New York Stock

Hambro

The Dnloo Bank of London.

Mesars. C. J
Bon.

&

Anversoise,

Antwerp.
Faid-Up Capital,

•

•

9,000,000 Francs.

ALrRKu MAQUISAY (GnilT t Maqulnay), VIoo-FrM
VuN i>EK BKCKK Von der Hecke & ManilT).
Otto GUNTUKKtCorneille- David).
JCHiLK HE UUTTAL.
Ai). Fhank (Krnnk. .Model Jk Cle.)
Aug. NU1TEUUU.M (.Nottebobm Freres).
'Fb. Dham.s (.Michlets Loos).
JOM. Dan. Fuhkmann. Jr. (Job. Dan. Fubrmaim.)
Louis WBBEK(Ed. vveber jt tie.)
J. B.

(

JOLW

KAUTK.NBi'UAUCU

(C.

Scbmid

TRANSACTS

& Cle.)

P.

POTTCR. Preit.

J. J.

Henry

Caahler.

Maverick. National Bank,
BOSTON,
CAPITAL,
SCRPLDS,

$400,000
400,000

AcoonntB of Banks and Bankers solicited.
Collections ma< e upon favorable terms.
Strictly flrslKslaas Investment Securities Nego-

L.

H. Taylor

&

Co.,

Bankers and Broilers,
140

SOUTH THIRD STREET,
PHILADELPHIA.

Deposits received auoiect to check at sUbt, and
Interest allow ;d on dally balances.
fliocks, Bonds, Ac, bouuht and sold on commlsalon
in Philadelphia and otber cities.
Particular attention iriven to information iward
ng Inveatment Seoaritles.

Aug. T. Post, Banker,
23

NASSAU STREET,

HUTS AND SELLS
State, City and County Securities.
COIIRESPONDENCB SOLICITED.

Samuel M. Smith,
40

WALL

STREET,
DBALER IN

«lt7 RallwKT Hecnrltle%
Sleeks,

lasanuoe

Go* and Baak
Sorly.

W.

W. Bowabd Oildib

&

Gilder,

&

Ho. IS

Foote,
WALL 8TBEBT,

J.

&

H. Latham

BBOKEB,

no BILE,
Wm.

CItY, Chicago, Cincinnati,
LouIm, DiHlrlct of Columbia, and
Covei'umeBt Securltteti.

Si

2 WALL STREET.
f. w. Perbt.
H. Latham.

WaU

Street

secnrities.

Government Bonds, Stocks and all Investmsat
Securities bought and sold on commission.

&

8

C. I. Hudson
Co.,
EXCHANGE COUHT, NEW TOBK,

Branch Office and Private Wire
"CrrHBERLA.VD," Broadway and 22d Street.
sell on commission, for investment or on
margin, all secnrltiea dealt In at the New York
Stock Exchange.
T. H Ctnms.
R. R. Lbab
C. I. HiTDBON,
Member N.Y. Stock Rxeb.

Co.,

Bay and

sell

Banks a

specialty.

Correspondence

Y: ! 1".

In addition to a General

and

sell

&

Boardman,

STOCK BROKER,

solicited.

BROADWAY, Rooms

80

37

&

38.

BBAMOH OrnoB, Tbot,

Day,

DHK.XKL BUILDINO,
and BUUAU STREETS,

Noe. 84 and as

Cor.

WALL

BANKER!! AND STOCK BROKERS.
William Lommis,
Uxnry Day,
Member* of New York Stock Bxobange.

Car Trust Bonds.
WB MAKB A SPBCIALTY OF THE8R VERY
SAFE SECUIIITIUS, AND BUY AND SELL SAME
AT MARKET PRICE.
WK OFFER A LIMITED AMOUNT OF DESIRABLE CAR TRUST ISSUES, ADDITIONALLV
SBCLRBD BY THE DIRECT OBLIGATION OF
THE RAILWAY EQUIPMENT COMPANY.

POST, MAKTI.'V

Banking Bn*lnen,bi>7

Oovemment Bonds and Investment becorl.

Lansdale
No.

Lummis

Co.,

BANKERS,
OEDAB STBBBT.

ties.

Government, State* Monlolpal and
Batlroad Bonds and Stocks. Investments for SavIdrb

&

Oilman, Son

to.

&

Smith,

BROAD STREET, NEW YORK.

39

No.

S3

C. E, Jackson

&

Buy and

Transact a general banking and brokerage business In Railway Shares and Bonds and Oovemment
Interest allowed on deposits.
Investments carefully attended

Smitb,

at the

Gwynne & Day,
No. 46

p.

sals of

BROKERS,

FOREIGN EXCHANGE

(EntabUshed 1854.J

Wm.

Pbeese,

L.

asd

Memoers of New Tork Stock Bxchan^.

Breese

NTESTMESir SECURITIES,

AL.A.

Special attention given to purchase
Alabama State and Mobile City Bonds.

Co.,

New \ork

J.

A. Anderson,

Dealer in Honey, Stocks and Bornds,

jniDDIiETOlTN, CONNm
LiNDLCY HAiirn

Hatch

Members New York Mining Stock Exchange
CORRISPONDENCI SOUOITBD.

toted.

Iixwis H. Taylor, Jr.

Exchange.

Kimball, A. B. Loumsbsry. r. B. baluuu)
Members of N. T. Stock Exchange.

R.J.

BANKERS,

62 BBOADWAT, ROOM 10.
STOCKS. BOND8 AND MISCELLANEOnS
SECURITIES
BOUGHT AND SOLD ON COMMISSION.

A
Kddt,

No. 35 Nassaa Street, Nevr Tork.
New Tork Stock

Thirteen Years' Membership In

Orders executed on the London and Bnropeaa
llarkeu.

GENERAL BANKING BUSINESS.
A8A

Co.,

BUT Ajn> SILL
Bonds & Investment Secnrities,
OOVBRNMENT
BONDS. STOCKS AND MISCRL.
30 EXCHANGE PLACE, NEW YORK.
LANBOU8 SKCURITIBS.

BOARD OF DIRECrORa
ITklix GH18AB. Prestdent.

Co.,

&

Stoclis,

Charles Sxton Henry.

Banque
Centrale

&

Kimball

J.

BANKERS AND BROKERS,

Exchnnge.

Pondir

LONDON CORBB8PONDKNT8

R.

JohnPondib. Bsitard Uerts.vs. auo. Nathah.

CIRCULAR NOTES,

-COHMERCIAl. CREDITS.

Tinkib

6c Tinker,
STOCK BROKERS,
33 BROAD STREET, NEW YORK.
ROOM 8.

HAi'lJiJiinSj

r. P. OIXJOTT,

C.

Barker

Co.,

855.

Financial.

roBDYci D. Barker,
Henry
Member N. T. Stock ExchanKe.

Phelps, Stokes

NO.

12. 1881.

A.

34 PINE STREET.

CO.,

N. T.,
Oonaealed by Private Wire.
ALL securitlei, dealt In at the New Tork BUMk
Exehanwe b:>uuht and sold on commission and oar*
ried on a fair margin,
l.NTEUEijT allowed on credit balances.

A. H. Brown
T

&

Co.,

BANKERS AND BROKERS,
Wall Mt., Cor. New, New Tork.
INVESTMENT SECURITIES.

SpeOal attention to business of eonntry banks.

D. Probst & Co.,
STOCK AND BOND BBOKEBS
J.

No.

Gli

KXCHANOB PLACB. NBW TOBK.

STOCK*, Kailboad Bonds,

MISOLLANKOO

OoYBBHKuna aho
BOCOBT AMD SOU)

SBCl'BITItS

;

THE (^HRONKLK

V.

Foreisn Excbau;;c.

Foreign IJxcliange.

Drexel,

&

Morgan

Co., August Belmont

Drexel, Harjes

Co.,

ft

», M SovTH TmmD

St.,

tt

O

DepofllU receiTed iubject to Draft. Securities, Gold.
Ao., Dooght and sold oDCommluion. Interest alloweo
8D«pMlta. Foreign Kxchange. Commercial Credits,
Circular Letters for Travelers,
ble Transfers.
ATaUable In all parts of the world.

OLD BROAD

No. J2

Brown

ST..

CO.,

LONDON

&

Brothers

Co.,

No. 69 TTALI. ST., N. V.,
BTJT AND 8ILL

OF FXCHANGE

BIL,L,S

NEW

In

and other countries, through London
and Paris
Make Collections of Drafts drawn abroad on all
points in the United States and Canada, and
of Drafts drawn In the United States
on Foreign Countries.

Between

S.

&

G. C. Ward,
AeXNTS FOS

BARING BROTHERS

& W. Seligman & Co.,
NEW

&

&

Co.,

No. 8 IVall Street, New York,
No. 4 Post Office Square, Boston.
CHEQUES AND CABLE TRANSFERS OS

miJNROE

CO., PARIS.
TKBLINe CHEQUES AND BILLS AT SIXTY
DAYS' SIGHT ON
ALEXANDERS tc CO., LONDON.

Stuart
J.

&

TltATXT.XRS.

Co.,

NASSAU STREET.
BILLS OF EXCHANGE ON
88

PAYNE

SMITH'S,
COUNTY BANK,
&.

BANKERS, LONDON

MANCHESTER
"

tc

i

LIMITED ;••

MANCHESTER, PAYABLE IH LONDON

ULSTER BANKING COMPANY,
BELFAST, IRELAND
AND OW THE

NATIONAL BANK OF SCOTLAND,

53

BANKERS,
W^illlam Street, New

KSTABLISBD

1834.

P«ld-np Capital, 36,000,000 Florin*,,
($14,400,060, «old.)|
Yoric,

Aoconnts and Airenoy of Banks, Corporations,
Brms and individuals received apon favorable terms.
Dividends and Interest collected and remitted.
Act as afients for corporations in paying oouponi
and dividends also as transfer afrents.
Bonds, stocks and securities bouKht and sold on
commission.

Sound railroad and municipal bonds negotiated.
Sterling exchantre bought and sold. Drafts on
Union Bank of London.

Wall and Nassan

&

Bxecate orders for the purchase or sale of Merchant
Bonds, Stocks, and other secarftles. Id the
United titates, Europe and the East make Coltections,,
buy and sell Foreftzn Exchange, and give advances
apon Merchandise for Export.
;

OLIVER

Sts.,

S.

CARTER,

Agenu

J

STANTON BLAKE, V
for
HENRY K. HAWLBY, 5 America
Nxw Tobk, January 1. liiia.
Office, 142 Pearl Street, New York,.

Adolph Boissevain & Co.

BANKERS
ADD

Co., oonmissioN siercbants^
AMSTERDAM, HOLLAND

New York.

AND

N. T. Correspondents— Messrs. RI.AES Baos.

CORRESPONDENTS :
BARING BROTHERS & CO., London.
PERIER FRERES <k CO., Parts.
MENDELSSOHN dc CO., Berlin.

4t

Co.-

Hong Kong & Shanghai
BANKING CORPORATION.
CAPITAL (paid-HP)

COIUBBCIAI. AND TKAVELESS' CHEDITS,

NEW YORK:

Kennedy

&

Co.,

WILLIAM STREET,

New York.
BUT AND SELL
tUlLROAD INTE8TUENT BEOURITIEB:
Collect CovpoHS and Ditidends;
linjOTLATB LOANS AND DRAW BILLS OF

KZCHANOK ON LONDON

business relating to the Constmetlon and
qnlpvent of Ballroads nodertaksa.

LONDON:
Wm. Rcssbll Wise'

William Ueath,
Charles k. Quincrt.

William Heath

&

Co.,

BANKERS,
10 Ansel Court, London^ England.
Draw

Exchanee and transact a general
commisston business. Purticular attention

Bills of

financial

t6.000.00tt

RESERVE FUND

BEAD

1,900,00*

OFFICE.

BONO KONO.

The Corporation grant Drafts, Issue Letters of
Credit for use of Travelers, and negotiate ur collect
Bills payable at Bombay, Calcutta, Singapore. Saigon
Manila, Hong Kong, Foochow, Amoy, NIngpo.
Shanghai, Hankow, Vokohama. Uiogo, San FrancisCO and 1.4>ndon.

A.

in.

TOWNSEND,

AKent, 47

WllUam SU

Nederlandsch Indischc
Handelsbank,

AMSTERDAM, HOLLAND.
Established in

($4,800,000 Gold.)
BEiVD OFFICE IN AMSTERDAM.
Agencies

William Heath

&

Co.,

BANKERS AND BROKERS,
61 BROADWAY, NEW YORK.
Membebs or New Tobk Stock Exohanos.

Knoblauch

&
St.,

'

HLAKE RKOTHERS &
18

c r.

NEW
all

Cuuudian Bunker*.

Excbanse Place,

AGENCT OF THE

YORK.

Ba n

Letters of

principal cities of Europe.

SPECIAL PARTNER,
DEUTSCHE BA^K, Berlin.

Hilmers,McGowan & Co
BROKERS

IN

Special attention paid to orders at the

New York Uinlnx

New York

Board.

k

or

British

North America,

No. S3

WALL STREET.

Sterling Exchange and Cable Tran»
fers. Issue demand drafts on Scotland and Ireland
also on Canada, British Columbia, Portland, Oregon^

Buy and

Foreigrn Exchange, Stocks and Bonds,
es 'Wall street, New York.
Stock EzcbanKe and

CO.,.

AbxNTS roH North America,
WALL STRBET, NEWT YORK.
9tt STATK RTRRFT.
BOSTON

Lichtenstein,

Make TeleKraphtc Money Transfers.
Draw Btils of Fxcha- ge and Issue
Credit on

11, Batavia, Soerabaya and Samanuiff
Correspondents In Padang^

Issne rommerclal credits, make advances on ship
ments of staple merchandise, and transact otherbusiness of a financial character in connection with
the r^de with the Dutch East Indies.

RANKERS,
29 'Wllllnm

1863.

Paid'Vp Capital, 12,00o,000 GalldeM,

given to American Securities.

ALSO,

CABLE TRANSFERS AND LETTERS OF CREDR
John 8. Kinnest.
i. Kennedy Tod.

An

OF HOLLAND,

dlse.

BDINBURO, AND BRANCHES;

S.

Handel-Maatschappij,

&.

GnCULAB NOTZS i3m CKXDITS roB

No. 83

Nederlandsche

Co.,

CABLE TRANSFERS, BILLS OF EXCHANQE

J.

Foreign Baniiers.

Iparis
±-abio.

AMSTERDAM.

-

PajraMe n any part of Europe, Asia, Afrlcm, Ausand America.
Draw Bills of Exchange and make teletrrapbto
tnmsfers of money on Europe and California.

BRIITH,

TRANSFERS, ETC.

ATAILABLR
ALL PARTS OF THE WORLD.

IN

5
-

FOREIGIV BACKERS.

John Munroe

WALKEE,

LONDON.

Jesup, Paton

Cor.

tralia

B. E.
JOINT AGENTS

ISSUE COMMERCIAL CREDITS.

BOSTON, MASS.,

YORK.

Cable Transfers.

BUY AND SELL STERLING EXCHANGE, CABLK

Issne Letters of Credit for Trarelers,

J.

change.

GOADBT &

H.

J.

The Netherland Tradln«r Society

No. 94

&

Mea«r«. John Bcreuberar, Gosaler Si Co.,
llambnrif.
„
Commercial and Traveleis' Credits, Bills of Ex-

YORK.

Kidder, Peabody

BANKERS,
BROAD WAr,

(Ltmlted)^

Canadian Bank of Commerce,.
16 EXCHANGE PLACE,

;

CORIPANT,

Si

Sa WALL STRBET. NEW YORK.
28 8TATK SPRKKT, BOSTON.

J.

Co.,

Issne Circular Notes and Letters of Credit for
Travelers; also, Commercial Credits, available in all
parts of the world. NeKotlate tlrst-class Railway,
City and State Loans; make telegrraphic transfers
of money and draw Exchange on

tfals

G.

of London

COR. OF CEDAR»

Franos, in Martinique and Guadaloupe.

RIAKE TELEGRAPHIC I'RANSFERS
OF inoNKY

Bank

Interaational

ANY PART OF THE WORLD.

IN

New York.

correspondents op the

London.

SlEKLIWa,

Ilf

And

ports of the

&

Bliss

MORTON. ROSE & CO..
OH GREAT BRITAIN AND IRELAND, FRANCK, HOTTINUUBR A CO.,
GBRMANT, BBLQIUM AND HOLLAND.
CREDIT LYONNAI3,
Issue Commerrial and Trarelers' Credits AMSTERDAMSCHE BANK.

ATAILABLE

all

and their correspondents.
.\lso Commercial Credits and Transfers of Money
on California, Kurope and Havana.

ST.,

Ruckgaber,

23 TTUllam Strret,

21 Nassau Street,

Morton,

&

Schulz

BANKERS.

MESSRS. DE ROTHSCHILD

35 NASSAU

Aenrra or

nOROAN &

Co.,

dc

Issne Travelers' Credits, available In
world, through the

81 Boalevarti Hausmftni

xr]>

&

Nos. 19

Pnrls.
Pbiladelphla.
DOMK8T1C AND FORKIQN BANKBH8

Attosvstb
neasrs. J. 8.

lurelga Excliau£;e.

BANKERS,

WAI.I. 8TRBET,
CX>RN]ER OF BBOAD, NBW YORK.
Srexel

[Vou XXXIII.

sell

San Franclacoand Chicago.
Bills oolleoted and other banking business trans*
D. A. MCTAVISU.(i__,.

:

:

NoTEMOBn

THE CHRONICLE.

13, 1881. J

Wcatcrn Banker*.

Canadian Banker*.

C. F.

$12,000,000, UoU,
6,000,000, Uold.

}

Capital,

Agents

i

and correspondence receive prompt

OOlce, No. 9 BIrcbIn Lane.

;

Bank

chants' National

A

WESTERN FARM MOKTGACErt, YIELIHNO
AND 8 PER CENT, A i-PEOIALTY.
District, Township. City and
Write for circulars, blanks and

eloronces.

A.

•

•

U.

HE.AD OFFICE, nONTKEAL.

QEOItSE HAUL'S. UenemI Manager.

WM.

J.

INtiKAM.

Asst. Oeneral'

ebange, (?able Transfers, Issues Credits available in
altjMirtBOf the world, makes collections in Canada
and elsewhere, and Issues Drafts payable at any of
the offices of the bank in Canada, Demand Drafts
Uraeii payable In Scotland and Ireland, and every
deacrlptt«n of foreign banking business undertaken.

Neiv York Agency, 48 Ex change-place.

JOUN

B.

UARRIS

l.'iS

ARTHUR

JH.,

1

^Kenu.

Wnahlngton Street.

S.

Capital, $1,000,000.
EOWIiAND.Pres't D. R. WILKIB, Cashier

BEAD

OFFICE, TORONTO.
BRAyCHES:

St. Thomas, IngersoU,
Woodstock, Winnipeg, Man.
Dealers in American Currency Jt Sterling Kzchange.
Agents in London
Agents In New York:
Bo«.iKQi'rr. Salta CO., Bank or uo.vtkeal,
73 iximbard street.
5U Wall Stree),

8t. C atharines.
'^^

DEPOSITORY.

Banks and Bunkers

Port Colborne.

iinrlertakiiiKs required bribe courta of
actions and orooeedlnita.
appllcationaiidfullDartlcnlara can be obtained at the omce of the oompanr. |S7 Broadway.
WM, M. RicHABna, Preet. Joni« M. Crake, Bae'r.
DiKECTORK—Oeorire T. Hope, O. O, Williams, J. 8.
T. Stranahan. A. B. Ifnll, U. B. Clailln. .1. D. Matrs.
A. S. Barnes, U. A. Ifuribut, Lyman W. Brlmcs, W.
a. Low, Charte* Dennli, 8. B. Oblitenden, Georita 8.
Coe, Wm. M, lUobardi. Counskl—Moore A Low.

Formuf

Bonds of Suretyship
The Guarantee Co»
OF NOBTH AMERICA.
Casta capital

370,000

Cash aaseta orar
Deposit at Albany

3*.i0,009

Sib

I

Promt test attention paid to

Co.,

fold or currency, discounted at the Head Office on
reasonable terms, and proceed* remitted to any
jHUt of ,be Vnited states by dr t on New York.

Gzowski & Buchan,

Uunds or Stoclu.
Defaulted bonds a specialty. Choice investment
securities hIwhtb for sale, write to us before yo
buy er sell any Illinois, Missouri or Kansas bonds.

toronto

Kirst-class

Western Investment Securities

for

St. I..oui8 City and States of Mtsflouri, Kansas.
Texas, Arkansas and Colorado Bonds a specialty.
Full information tfiven in reference to same on arItCation. Coupons and dividends collected.

sale.

The

etc.,

and Alliance

New York

'Jank. IxTdo::

Matthews

Member

&

Whitaker,

ST. LOUIS, MO.,

BROKERS ASD DEALERS IN
ekate, City, County nnd RR. Bonds Sc Stocks.
Orders receive prompt and personal attention.
Correspondents, Messrs. Maxwell A Graves, New
Turk City, and Messrs. Blako Brothers & Co.. New
York and Boston.

Pknzbl,

STATE BANK,

j

I

Incorporated 1875.

)C.T.
j

Walker

Cashier.

German Bank,
LITTLE ROCK, ABK.
CAPITAL

(Paid-in)

SBKPLt'S,

..-

\

IN U.

84,000,000

GOLD.

GEORGE

L.

8.

BRANDER,

J.

Agent.

ISSUES C(numercta] and Travelers' Credlts,avhllable in any Dart of the world. Draws Exchange,
Foreiun and Inland, and makes Transfers of Money
hy Telegraph and Cable.

•

...-.- «r3,000
'.£5,000

STANTON,

S.

DEALER

THB

NASSAU STREET,
BASEMENT.

-

Transact a general banking bualnesa. IisneCom.
nerclal credits and Bills of Exchange, available In
au part* of the world. Collectlona and orders for

Bonda, Stocka, etc., executed upon the moat favorableterma.
FUED'K F. low.
)„
„ „ ,., , lONATXSTEINHABT,} *••"»««'»•
P. N. LILIBNTHAL, CaahlerT^

&

BANKERS,
8t)

BroBdwar,

cor.

So*

CUA8.

(With A. M. Kidder

*

Co., Bankers.)

NEW YORK.
FOR CHOICB

WALL

A

WING,

T.

8TREET,

'

6 Per Cent Mortgages,
FBAXCIS SMITH,
LATE SMITH &

UANNAMAN.

Indlanapolla, Iii4.
County, CltydcTowa Boadaot West. State*.
Wisconsin Central Kit. Old l.and Grant Bonds.

St. Jojeph
St. Ji«upli

* Western RR. Stock.
A I'acilic KU. Bonds.

City of St. Joseph, Mo., Old Bonds.
International ImproTement t'o. SubsCripttODS.

Office
FFICE or THE
)
Amebican Dock 4 IMPKIIVK-MEST COMPANT.V
119 libkhtv -st Nkw Yohk, June 111. ISSl. )
;A>' DdC'K <k IMPRUYK
'''HE A.flERICA
"
1 M_ENT CU.MPANY, having reserved the right tO

IICLILLAN, JH

8AI.T0NBTALU

wUl ceM«

447.

P. W.
F. O.

160:1.

^av the principal and Interest of their bonds dated
October i, 1886, at anytime after the Mrst day of
Januiry. 1H76, tirst having given six months' notice
of their intention to make such imynient. notice U
hereby given to the ht>ldcrs of the said bonds thai
the Comptinr, in the exercise of said right, will pay
the principal and Interest of the said bonds at the
National Bank uf Commerce, on the 3l8t day of December, Ibtil. at which date Interest on said twnda

CO..

128 Ln 8alle Ht., Chicago.
TRANSACT A GENBBAL BANKING BUSINE.SS,
INCLUDINO TUB PURCHASE AND SALE OK
STOCKS AND BONDS KOR CASH OB ON MAKQIM. BUYAKDSELIiCOHMERCIAl, PAPSR.
Box

2d, 7s,

r.,

Exchanse Place, N. Y.

BOODY, SALTONSTALL A

P. 0.
D. A. BOODT,
BlCaiM JdlLAKD,

EASTON,

Brooklyn hlevated RK. t^ecurltiea.
American Cable Co. tiubscriptlons.
Midland Railroad of N. J. !*eouritle».
ChicnEo 4 Grand Trunk KK. Secufitlee.
South Cttrcdina RR Securities,
(rsnd Uitpids A Indiana KK. Stock.
ClncinnHti Riehn:ond A Kort Wayiie Stock.
Bought by W.tl. K. t'TLK%,
No. 31 I'INK STREET, NEW YORK.

(LIMITBD).

LONDON, Head Office, 3 Angel Cenrt.
AN FRANCISCO Office, 4S3 California
8t,
NBtF ¥ORK Agents, J. A W. Sehmnan & Co.
BOSTON Corrcepoud'tB, MassaotausetU N. B'k.
(6,000,000.
1,700,000.

of

solely that

Ohio i West Virginia Ists, 7s, 1910.
Menominee River Ists, Ts, 1906 (guar, by Chloano
Northwestern).

IN

Amerloan Cable Construction Company.
Continental Construction and Improvement ۥ.,
North River Construction Company,
Ohio Central Subscriptions,
Oregon Short Line Subscriptions,
East Tennessee YirKlnla & Qeorfrta Subscriptions
New York, Chieaco A. St. Louis Subscription, and
all other quotable Construction Stocks.

IT

-

is

BROADWAY.

Columbus i Hocking Valley

18

Anglo-Californian Bank

Anthorlzed Capital, Paid np and Reaerve,

Company

November Investments.

'

BONDS,

be obtained,

Chicago BurlinKton & Quincy 4s, 1919.
New Tork Central A Hudson Blrer lata, 7s, IMS.
Scioto Valley Railway Cons., 7s, 1910.
New Jersey Southern Railway Ists, Os. 1809.
Toledo Peoria i Western Ists, 7s, 1917.
Chicago t Eastern Illlcols Ists, 6a, 1907.
Chicago & Eastern Illinois Incomes, 1907.
Columbus & Toledo Railway 7s, 19 5.

Financial.

OF

tX VESTED

may

OlOce, Montreal, Canada.

this

NO. 58

all business in our line
.OoRRESPU.\l>(.VTti— Uonnell, Lawson 4 Co..

The Nevada Bank
BURPLVS,

Head

D. A.

Prompt attention fiWen to
N.

St.

Informa Ion and forms

business of

N. Y. Stock Exch.

Caltlornia Banks.

New

all

Oliio Central Sub.
Toi. Cinn. ^k St. Lonfi.

and the Metropolitan National Bank,

SAN FRANCISCO.
York Agency, 63 Wall

tlAWLI.SOa.

American CHbio Con.
Continental Con.
Mex'can National Sub.
Mutaal Union Sub.

EnwARns Whitaksr,

Leonaho Matthews.

canada.b

bought and sold.
Correspondents— Bunk ot New York,

Bonds,

KUWAUD

I

North River Con.

&

President.

Prompt attention given to Collection of Commer.
dal Bills and Cunadlan Funds on all points In Canada; Anjerican iin.1 sterling illxchange. and Stocks,

T. tiALT.

ITBW YORK OFFICE:
No. 47 \riLLIAlfI STREET.

Co.,
P. F. Keleher
Oregon Improvement.
306 OLIVE STREET, ST. LOriS, IVIo. Oregon Transcontinental.

C. r.

Babkbbs and Stock Bboeeks,

ALU.

Gu irantee.

Western and Southwestern Municipal and Railroad

collections payable in
In

4OO,OO0
Manager

(General

I

or from the

113 No Third 8treet, St. Louis, Mo.,
DEALERS IX

I

any part of Canada.
Approvtrd Canadian business paper, payable

and

tills ."^taie In clril

Where

&

W

De-

;

boiHin

Proceeds

solicited.

John V. Hogan

fSgO.OOCOO
*n,S78

with N>iw Vork Insurance

purtniont, U. 8. Oorernment Bonds
lOO.OOO <K^
Bonds isBiieil iru«rmot«e nu the ndellty of person*
hfildlnK positions of tMcnnlarr trust and responslblllt7 also Kuarillan'B twncls In tturronstee' Courta i
Induninltr bonds to nherlfTs, and znarantee all

elland, Fergus,

:

t

<'0.

YORK,

(iipllal

Uepos

Acccants of

promptly remitted at best rates.

SEW

AsieU

KENTUCKY.

SpecUl attention given to collections.

CASUALTY

A.

OF

Pres dent

VVICKSON, Manager.

Imperial Bank of Canada
H.

8.

1.0UI8VII>LE,

Managei

BANKERS:
LONDOy, KNG.— The Clydesdale Banking Comp'j
Yl
BK-The
Bunk
of New York. N. B. A.
MEW
The New York Agency buys and sells Sterling Kx-

Chieaco Branch,

National Bank,

First

$5,600,000 Paid Up.
PrMident.the Hon. JOU.V HAMILTON.
Vico-l'rcsldenl, JOHN MCLENNAN, K9Q

Capital,

FIDELITY
Cash

A. L. Schmidt, Cashier

Geo. A. LKWI8, Pres't.

D

Co.,

LOAN BROKERS,
KANSAS CITV, MIH!«OlJRI.
Negotiate School

Merchants' Bank
OF

&

Conklin

Jarvis,

County Bonds.

IV

at-

CoBKkRroxDBSTB.— Boston, National Bank of
North Atnerica; New York, American Exchange
National Hank and Ninth N'lttloniil Hank; Chicago.
Preston, Kean A C'o.: St. Loul-, Third National
Bank Kansas City, Hank of Kansas City and Mer-

;

C A

900,000

TOPEKA, KANSAS.

Collections
tention.

Bay and aell Bterllns Ezchange. Franca and Cable
Transfora grant Commercial and Travelers Oedlta
ETallable In any part of the world laaiie drafts on
and make collectlona In Chicago and throughout
ttie Dominion of Canada.

London

FIDELITY tiUAR.lNTEE BONDS
AKB IRHUKI> DV TUB

Co.,

BANKERS,
.-.-

Municipal Bond* and .Mortgage Ixmns Negotiated.
Bight per cent K.trm Mortgages a specialty.
A

yEW YORK OFFICE,
* 61 IVALL StTHEET.
Alsx'kJLa.no.

Financial.

UKMBRAL BANKING BUSINBSS TllANbA(!TED.

S.MITIIERS, rresUlcnt.
W. J. BUCHANAN, aonerni Manager.

Noa, S9

&

A. Prescott

Bank of Montreal.
CAPITAL,
VUBPLVS,

iU

JOiiM

8.

BARNKS.

VIoe-PreeldMt.

THE CHllONKJLE.

w

Financial.

Financial.

An

Albert E. Hachfield,
17 NASSAU STKEET,
Deals in Investiuent Seenrltiea and

Bonds Cenerally.
& St. Louis

Columbus 4 Toledo
Joliet

& Northern

:

began

tlie examination and development of the
mineral wealth of North Carolina, and, after
five years of labor and expense, became satisfled that they were possessed of rich and valuable mineral properties that only required a
railroad to enable them to pour into the pockets
of iheir stockholders thousands of dollars of

Ists.

Ists.

Ists.

ANTED

TO PDBCHASE ALL CLASSES OF BONDS
OP THE
and Alleeheny, Pa., and
County of Allesrheuy, Pa.
B. HII.L1 & CO., Broken,

Cities of Fittsbnric

GEO.

PITTSBURG, PA,

SOUTH PARK BONDS, CHICAGO.
TO WHOM IT MAY CONCKKN
:

Take notice that the followine numbers of South
Park Bonds have been selected and retired by the
South Park Commissioners, i'l conformity with law,
forthe annual sinking fund viz.: Numbers 9. 46,
86,80. 61. 67. as. Bl.
829, 248, 1249, 250, 25.9.
973. 619, 650, HB9, 686,
897, 905, 928, 044 9l!3,
1085, 1092, 109'1, 1128,

187. 143, U5, 196, 22B, 22r,
265, 2:3 284. 2-5, 289, 561.567.
691,718, 785, 816, 848 870 881,
969. 97!. 1010. 106O, 1077, 1080,
Interest will
1147. 1161, 1170.
I'-i,

cease on aforesHla bonds on and after the first day
of January. 1^82. Princ pal of retired bonds payable on and after said date at ti'e American Ki-

change Natlo.

al

New York City.
H. W. HAHMO.V,

Bank,

Secretary South Park Commission.

RR.

Pennsylvania

Co.,

dividends.
The principal propei*ties being in Ashe County, remote from transporiation. the Le.^islature
of North Carolina was asked to Rraiit a special
chailer for mining;, railroad and telegraph purposes. This charter was gi anted Feu. 11. 1881,
incorpni ating the North Stiite Mining Company.
Under this charter the company have acquired
very valuable privileges; pow- r to buy and sell
mines and miuei-al lands. /o carry on the mining
and reduclion of ores, in all tts branches ; to
construct railroails and telegraph lines connecting its mines with trunk Unes of railroad and
telegraph lines, and for Die purpose of construct'
ing said railroad and telegraph lines, it has
power to issue bonds to the amount of $25,000
per mile. The capital stock of the company is
$10,000,000. divided into 400,000 shares, of
par value of $25 per share.
lu Stanley County, 2J miles from Salisbury,
on the Piedmont Air-Line Road, in North Caro1 na, is
the well-known Crowell Gold -Mine,
which is well equipped and developed. The
et^tate consists of 8.50 acres of land, rich and
fertile soil, covered with heavy gi-owth of timber.
It has numerous veins of gold quartz
upon it. and about 300 acres ot auriferous
gravel which yields numei'ous fine nuggets and
coarse gold. The company also own and operate a large sawmilliucouueciion witti the mine.
In Ashe County the company have lar.ge
tracts of mineral laud.

TBEASCRER'S DEPARTMENT.
PHILADELPHIA, NoT.

1.

1881.

The Board of Directors have this day declared a
Semi-Annuai Dividend of FOUR PBB CENT on
the Capital Stock of the Company, clear of all
taxes, payable in cash on and after November 30.
to stockholders as registered on the books at

8P.M.

October

81.

On November 30 dividends will be paid to women
only; after that date they must await their turn
with other stockholders.

JOH.V D. TAYLOR,
Treasurer.

"PVANSVILLE

&:

TERRE HAUTE RAIL-

COMPANY,

24 Pl.VK St, New YOKK,
I881.-The Board of Directors have declared a semi-annual dividend of TWO (2) PER

-*-'rOAD
October

25,

CENT,

payable to shareholders of record Novemthe Farmers' Loan & Trust Co., No. 28 Exchange Place, New York, November 15 The transfer books win close Nov. 5 and reopen Nov. 20.
F. H. STORY. Secretary P. T.

ber

5, at

RICHMOND
145

Off

OF THE
A DANVli,! E llAlLROAD
Ct.

Bboadway. S.EW

V-

)

CO.,
Oct. 26. 1881.

UK

f
)

DIVIDEND OF T\<0
A ^QUARTERLV
XVPliR
CkjaT

on the Capiiui Btick of this Company has been declarea, uayable Nov. 15, 1881. at
theooiceof the company i-. Richmond, Va or at
the MERCANTILE .\ ATIONAL B ANK, New York.
Transfer books will be closed irom Nov. 10th to
,

loth inclusive.

W.

B.

TURNER,

Treasurer.

rpHE HOLDERS OF THE SECOND IffiORT-^ GAGE BONDS OF THE
MISSISSIPPI CEN
TBAL RAILROAD COMPANY are again notified
that such of these bonds as are valid and overdue
by the endorsement of the President of said Mlssls•ippi Central Railroad Company, will be paid
on
presentation at the office of the Secretary of the
Chicago St. Louis & New Orleans Railroad Company, 214 Broartway. New York and that Interest
has ceased and will no longer be paid on any of said
bonds.
8TUYVESANT PISH, Secretary,
Chicago St. Louis & New Orleans BR. Co.
;

N. Y., August

1,

1881.

T)EADWOOD-TERRA MINING COMP'Y,
-*^No. 18

Wall Street. New York, Not.

9, 1881.

DIVIOEND No. 18.
dividend of Thirty Thousand Dollars, being
Fifteen Cents per share, has been declared for October, payable at the office of the Transfer Agents,
Wells. Kargo & Co.. 65 Broadway, on the 21st Inst.
Transfer books close on the 15th Inst.
H. B. PA RSONS. Secretary.

A

rjFFICK OF THE ONTARIO SII.VER
MINING CO., 18 WALL STREET, NEW YOKK.

^

Nov.

5,

1881.

DIVIDEND

FINANCE COMP'Y,
& r NASSAU ST., NEW TORK,
LIBRARY ST., PHILADELPHIA,
PORTLAND BLOCK, CHICAGO.
5

In 1876 the incorporators of the

Cincinnati Richmond & Fort Wayne Stock.
Cincinnati Hamilton A Dayton Bonds

^V

AMERICAN

Iron and Copper

Investment.

No.

Tie Regular Monthly Dividend

73.

of Fifty Cents per

Bhai e has been declared for October,
payable at
the office of the transfer agents. Wells.
Pargo & Co.,
No. 66 Broadway, on the 15th inst.

Tinnsfer books close on the 10th Inst.
H. B. PARSONS. Assistant Secretary.

XXXm

Financial.

434

NORTH STATE MINING COMPANY

WANTED
Indianapolis

[Vol.

Capital Stock,
$1,000,000
SOUND INVESTMENT SBCUEITIBS furnished

to Corporate

FURNISHED OB PROCURED for
Railroad Companies havinfr lines under construcand their Bonds purchased or negotiated.
FINA.NCIAl. NEGOTIATIONS conducted for
States. Counties. Towns and Cities, and for Railroad
Companies and other Coiporatious.

tion,

WILL CONDUCT THE FiyANCIAU RE-ORGANIZATION of Railroad Compan'es and other
Corporations vrhose property
Receivers or Trustees.

WILL BUY AND SELL INVESTMENT 8ECDBITIBS on Commission.

WILL BUY OR SELL DEFAULTED BONDS

The Soapstoiie (jiiarries, K.aolln mines and
Mica mines are situate about four miles from
the Copper mlues, on the way to the Magnetic

Iron ore beds.
The estate consists of over 1,000 acres of
fertile lauds, covered with a heavy growth of
limber, and also includes a water power of

about 800 horse power.
The addition of railroad transportation is
only rerjuircd to turn these Iron mines into a
b'jnanza of wealth.
fROF. iCerr, State Geologist of North Carolina, refers to this property in his report to the
State in 1875, on page 207. Vol. 1. He coneludes his r.maiks byaaylng: "This is manifestly an iron region and worthy of thorough
inve8ligati()n."
The value of these

Magnetic iron ore beds cannot be easil.v estimated. At the lowest calculation there is in si.itht suflicieiit ore to last for 100
years, with an onrput of 300.000 tons a year.
The company are preparing to build a line "f
railroad that will connect their iron mines with
the Ohio Valley, and at the same time be a
trunk line from the Northwest to the Southeast.
This road will be known as the Carolina ViRGiNii & Northwestern Railroau, and will
connect at the most feasible point with the
Chesapeake & Ohio Railroad iu West Virginia,
thus giving direct communication with the Ohio
Valley and the Northwest, and at the same
time the construction ot the railroad from JelTe."8on to Wadesboro will give an outlet south to
the Atlantic seaboard.
Judging from the present average of ore
from the Copper mine, it is estimated that
DIVIDENDS to the extent of TWO and one-hau'
($2 50) dollars per share can be paid during
1852. The completion of the company's railroad by 1883 will gi\e a market to their Viduable deposits of Magnetic Iron Ore. wThich
will enable them to pay dividends of at least

DOLLAHS per share.

THE STOCK OV THE COlWPANr CAN
BE OBTAINED THROU(5H ANY REPUTA BLE BROKER CONNECTED WITH THE
MINING EXCHANUeS, AT THE CURRENT MARKET RATES.
Maps, pamphlets and full information can be
obtained at the Company's Ollioe,No.52 Broad-

way,

New York City.

or

convert them into interest-paying investments.
Circulars and other information furnished on application.

JOHN
JOHN

SHORT.

President.
Vice-President.
Win. P. W^ATSO.V, See>y and Treas.
C.
C.

NEW.

Chew,

C.

No. 7

J.
WALL STREET, NEW YORK.

TEXAS RAI1.AVAYS,
HONDS, LANDS, &e.
Desirable Texas Securities for
stantly on hand

Investment con-

Kountze Brothers,
BANKERS,
130

Broadway (Equitable

;

($5)

hands of

in the

is

Among" them a very

valuable Copper mine, carrying gold and silver,
which is a property of :t50 acres, covered with
heavy timber. Tills mine is fully equipped with
modern machinery, and has alrea'iy produced
a large quantity of rich and valuaijle ore.
Phofkssor Emmons, late State Geologist of
North Carolina PhofiiSSou Kbi'.k. State Geologist of North Caro ina; Profkssok J H. McCHESNET. Mining Geologist; Walter Hamilton, M. E.; Professor E. M. Eames, have made
most favorable reports about this mine. The.r
concur in the belief that it gives indication of
great commercial value, and that by the character and f^rade of the ore. it promises to be one
of the best-p.^ying Copper lodes iu this country.
When the smeltijg furnaces are finished, the
daily presen' yield or this mine is estimtvted as
fol'ows: Thirty tons of ore per day; average,
20 percent cojiper and >SI0 in gold and silver
per ton, will equal $3,000 per day. and average
300 days to the year, will equal $900,000 gross
earnings per year. When the new shaft is finished, and cioss-cuts are made to the vein, the
output can easily be doubled, and by the end of
the first year the mine will lie earning (ore averaging as at preseuil over $1,800,000 per year.

FIVE

and Private Investors.

CAPITAL,

E

N

Bulldlne),.

YORK.

\r

LETTERS OF CREDIT
AND

CIRCULAR IVOTES
Issued for the use of travelers in
all parts of the world.
drawn on the Union Bank of I^ndon
TdleK^aphto transfers made to London and in* various places in the United States.
Depoatts received subject to check at sight, and interest allowed on balances.
Oovemnient and other bonds and investment securities bouKbtand sold on commlasion.
Bills

XOTICE,
INTESTHIENT & SECVRITV REGIS40
n

TRY EXCHANGE.
(LIMITED.)
STREET. NEW YORK.

NEW

This Exchange FOR DEALINGS In Securities
>t listed on the N. V. Stock t-Jxchange, Mortgages,

and other properties.

IS

^0W

oFH.V

FOR THB

RKCKPIION OF TUB FIRST ONB HUNDRED
MiSMBERS. Those wishing to join will make application to

JOH.\

L.

HOBSON.

Secretary.

Spencer Trash
Qto, F, Peabody.

lYcd. B. Noyes.

&

Trask

Spencer

Co.,
BANKERS AND BROKERS,
70 Broadway,

New York

City.

Transact a general Banking Business
Stocks

Bought and Sold on Margins.

Interest allowed

Branch

on Deposits.

Offices,

Connected by Private Wires,

PhUadelphia, 132

S.

Third

Albany, N. Y., Maiden Lane,

St., C.

F. Fox.

W. A. Gravbs..

Saratoga, N. Y., Grand Union Hotel.

C. H.

&

E. Odell,

agents fob

Steel

and Iron Rail

niANlJFACTVRERS,
Kooms 10 &
101 John Street,

MEW YORK

CITY.

11>

xmdt
HUNT'S MERCHANTS' MAGAZINE,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATES.
TEntered, aooordlnt; to act of ConKress, In the year 1881, by

VOL.

Wm.

P.

Dana &

SATURDAY, NOVEMBER

33.

CONTENTS,
Railroad

month, brought
516

Brokers' Commissions

511

Situ.ition

Oetobpr,
and from January 1 to October 31
513
Royal and Imperial Meetings. 515
E:irnlii);s in

Monetary

and

English

News

Commercial

517

News
BANKERS' GAZETTE.

THE

519

Quotations of Stocks and Bonds 522
523
New York Local Securities
Railroad Earnings and Bank

change, U.S. Securities, State
and Railroad Bonds and
Stocks
520
Karise In Prices at the N. Y.
Stock Exchange
521

521

Returns

Investments, and State, City
and Corporation Finances... 525

THE COMMERCIAL

TIMES.
529 Rreadgtnfts
529 Dry Goods

Commercial Epitome

536
537

i

•Cotton

I

3?ltc

(£j\nomclc.

AND FINANCIAL Chroniclb w usued every Saturday morning, with the latest news up to midnight of FYiday.

Thb
,f

CtoajjKRciAL

Entered at the Post

Office at

New

York, N. Y., as second-clafls

mail matter.]

IN

For One Year (including postage)
For 81x Months
do

Sixmos.

in

do

London (Including postage)
do
do

ADVANCE:
$10
6

20.

£2

78.

10.

1 Ss.

Subscriptions will be continued until ordered stopped by a writlen
order, or at thepabUcatian office. The Publishers cannot be responsible
tor Remittances unless made by Drafts or Post-OBlce Moner Orders.

AdTertisementa.
Transient advertisements are published at 25 cents per line for each
but when detluite orders are given for five, or more, insertions.
a liberal discoimt is made. Special Notices In Banking and Financial
eolumn 60 cents per Une, each insertion.
Insertion,

London and Liverpool

Is.

I

Ofllces.

each.

WILLIAM
79 &

C.I

855.

bonds on each Wednesday of this
was anticipated, but a trifling offer-

These bonds

ing.

are, in the

present state of the

B. DANA <t CO., PubUshers,
81 William Street,
YORK.

NEW

Post Officb Box 958.
postage on the same la
fcjr" A neat tile cover is furnished at 50 cents
18 cents. Volumes bound for subscribers at $1 00. A complete set of
the COM.MERCIAL AND FiNANCLAi, CHRONICLB—July, 1865, to date—
«an be obtained at the office.

money

market, too desirable as collateral for time loans to be
It

is

inti-

mated that if this condition continues, terms will be
named which will command the bonds, and if that proves
true the Secretary will keep his balance down and thus the
Government, as it should be, will be eliminated as an inWe hope the new
fluence affecting the money market.
Secretary will be prepared, when Congress meets, for some
effective and definite plan for managing hereafter the disbursements of the Treasury Department. What the commercial interests need is, certainty and knowledge with regard
It may have
to the Government movements of currency.
been necessary in the past

to leave to the discretion of the
is no such
known, and the

Secretary the amount of his holdings, but there
necessity now.

beyond those

The reserve [needed

is

for current disbursements

is

items, the law should direct the

of all surplus revenues

in

also

known

;

immediate use

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.

may be interesting in this connection to recall how
Treasury stood on the first of the present month.
Compared with a year ago some marked differences are
It

the

observable.

The gold coin and

ber was $172,989,829,

The office of the Chronicle In Loudon Is at No. 71 Old Broad Street,
and In Liverpool, at No. 5 Brown's Buildings, where subscriptions and
advertisements will bo t°ken at the regular rates, and single copies of
the paper supplied at
WILLIAM n. DANA.
-<OiiN a. FLOYD.
J

NO

1881.

out, as

amount required

TERMS OF SUBSCRIPTiON-PAYABLE
Annual subscription

12,

converted into cash at the Treasury price.

Commercial and Ulscellaneous

Money Market, Foreign Ex-

LlbrarUn of Cont^reaa, Waehlni;1»n, D.

millions uncalled extended

THE OHBONICLE.
The Financial

Co.. In the wftloe of the

bullion held this

against only

Novem-

$140,725,953 held

But there are $66,327,670 silver certifionly $27,113,960, an increase
The amount of silver of all kinds, fracof $39,213,710.
tional included, has increased but 18 millions, or from
Nov.

1,

1880.

cates outstanding, against

$77,757,316 to $95,985,640, so that 21 millions of the
may have gone out in exchange for

increased certificates

;

gold, in accordance with the practice of the department in

about the close of last month. Granting this,
would still be 11^ millions of gold unaccounted
But the lawful money held is also further augmented
THE FINANCIAL SITUATION.
for.
There is at present an abundant supply of loanable by the increased holding of bank and legal tender notes.
funds, and if Government accumulations do not increase, These latter were Nov. 1, $31,021,315, against $26,616,216

vogue

until

there

there seems no reason to anticipate any change in this

a year ago, making, with the
ings of gold to be accounted

1

\\ millions increased hold15^ millions, to which

for a time at least.
Customs and internal
revenue receipts are however heavy and unless something should be also added 2^^ millions for the smaller amount
altogether 17}
is done, more than has yet been announced, to let currency of gold certificates outstanding, giving
There is also an increase of about one million
out of the Treasury, a possibility of a .speedy disturbance millions.
condition,

"must be acknowledged. But
the

new

•duties

Secretary,

who

it is

believed that Mr, Folger,

enters on the discharge of his

next Monday, will meet the emergency by more

for,

by the National bank depositories, but
be regarded as being in the market, and besides
balanced by other items. The explanation for

in the deposits held
this
it

may

is

17} millions is to be
increased holdings of
these
arrangements for bond purchases.
that the " Fund for
fact
The Treasury order directing the redemption of two found, in the first place, in the

effectual

THE (JHRONICLE.

5VZ
the redemption of national banks failed, in

and reducing circulation"

now

is

liquidation,

$30,311,222,

against

Our readers will remember
only $20,349,802 a year ago.
when the refunding bill, afterward vetoed

XXXm.

[Vol.

export movement has begun again and our imports keep
to comparatively moderate
figures,
it
is only
reasonable to anticipate an early resumption of the

down

that last March,

gold
shipments of
to
this
side.
The rates of
do not admit ©f this at present, but
by President Hayes, was passed by Congress, the banks, exchange
fearing that the bill would become a law, and that under the existing rates cannot, it is anticipated, be long maintained, at least unless there is a further rise in the Bank of
its operation they would be forced to keep their circulation
out at a loss, hastened to give notice of their desire to England rate which shall force securities back on us.
withdraw it and deposited funds for its redemption. When England is looking for a supply of gold from Australia,
the danger which threatened was averted, they took out and £430,000 is reported as on the way to London from
new circulation, and the redemption fund is now gradu- that point, to arrive about the middle of December. But
ally contracting in size, having diminished over three- the Bank of England is even now losing bullion, and at
there

place,

sum

milhon during

a

quarters of

is

now

held
while

$11,241,826,

of

In the second
bonds the

October.

against

called

year the amount was

last

Finally, checks
$5,550,742, or about 5f millions smaller.
aggregate
outstanding
this year,
drafts
$6,595,720
and

against $4,199,882 last year, an increase of over 2^ mil-

These three items thus give us an increase of about
show how the Treasury's present enlarged

lions.

18 millions, and

the present rate

its

reserve will be greatly reduced before

The Bank return

the arrival of this consignment.

week shows a
of bullion

loss

down

to

an increase in the proportion of reserve to
1 1-16 per cent compared with last week.
ble

that

reduction

the

for this

which brmgs the amount
the lowest point of the year.
There is
of £133,000,

reported

in

the

of

liabilities

It is possi-

bullion

is

mainly

due
to
domestic
demands, although
the
Bank of France reports a gain of 10,675,000 francs
holdings have been acquired.
Other than the Treasury influence, the present tendency gold, and a loss of 2,525,000 francs silver, and the rate of
towards an increase in our bank exchange at Paris on London has been against the latter
is, as we have stated,

Bank

England is meeting a Conat the same time, as is likely
This first from present indications, the situation maj' become embarthe South have turned in favor of this centre.
stopped the outflow of funds to the West, and now at St. rassing, especially if America should also commence to
Louis and Chicago the ruling rates admit of a return take gold from the Bank. The following shows the amount
movement. Still, at the moment the South, and New of bullion in each of the principal European banks this
Orleans especially, is making urgent demands for cur- week and at the corresponding date last year.
rency, which for the time being tends to turn the current,
JV'OD. 10, 1881.
Nov. 11, 1880.
even from distant points, in the latter direction. As soon,
reserves.

Since the collapse of the speculations in domes-

tic products,

domestic exchanges at

all

points except in

however, as the requirements for cotton are

all

the week.

tinental

If the

of

and a domestic demand

Oold.

satisfied, this

Oold.

Silver.

drain will of course cease, and then the accumulations in
reserves here are likely to be

more

rapid, unless the large

issues of silver certificates force certificates

back instead

of gold and legal tenders.

These certificates are even now 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,

Silver.

B
BaDk of England
Bank of France
Bank of Germany

20,727,164
26.592,006
24,&87,856 47,378,794 22,258,755 49.884,912
6,106,862 19,220,537 9,009,000 18,018,000

Total tUa week
Total pro vloua week

52,021,832 66,599,381 57,?59,821 07,902,912
51,434,447 65,839,385 59,079,987 67,835,516

^p" The above

gold and silver divlaion of the stock of coin of the
Gtonuany is merely popular estimate, as tlie Bank itself gives
no Information on that point.

Bank

of

cannot be. When the latter were
taken out of the Treasury in lieu of gold, the coin drain
At this date in 1879 the Bank of England hold 29
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
cates may come back from some interior points in excess to our calls, now- they too are drawing on England.
•while silver certificates

amount sent away the same week, and yet as they This present drain also is in the face of a 5 per cent rate.
may not appear It would seem as if that rate had about exhausted its
The only point we are inin our weekly tables.
So, too, the receipts and disburse- power to affect exchanges.
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 theae 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 Sub- Treasury has increased its holdings of certificates
The stock market has been active and generally
of the

are kept as a special fund, the net influx

$670,180, while last week they were decreased.
The
inquiry has been raised as to the extent to which certificates will return here after the demand for them as a

Now

remittance has ceased.
South,

as they were

When

these calls

seem

they are needed for the

a short time since for the West.

are

satisfied,

the presumption would

stronger and prices higher during the

values has increased.

improvement

This

is

due mainly

in the business of the

pect of better rates,

week.

No

to a

continued

roads and the pros-

and therefore of larger earnings.

In

we give our review of the railroad earnmonth of October, which, under the circum-

another column

be that they would, in the main stay where
except as wanted for customs or taxes.
They
can be turned into the Treasury only for those purposes,

ings for the

make

day.

to

past

disturbing influences have been at work, and confidence in

show very satisfactory results. Furthermore, the
announcement is made that the Pennsylvania and the Erie
and after those wants are met, if sent here, they must be have given notice of a general advance in West-bound
held as a special deposit.
In the meantime, however, they rates from New Yotk to Chicago, to take effect on Monthey

are,

it

difficult,

movements

as

we have

of the banks

and

said, to trace the

currency

also increase the uncertainty

the

further source of doubt with regard to the future of

money market

dition of- the

here,

is,

as

we

stated last

gold reserves in Europe.

On

the 7th the Vanderbilt roads advanced rates to
25 cents on grain,

the East from Chicago to the basis of

which is nearly up to the winter schedule. This movement was somewhat of a surprise, as it was understood
week, the con- that the blockade of freight had been removed on
Now that our aU the roads, though business was pressing. Still it is

with regard to our banks accumulating reserve.

A

stances,

J

XOTRMBKR

..
..
..
.

THE CHRONICLE.

13, 1881.

taken as an indication that tho war of rates ia practically
over, and that for tho winter at least a more profitable
There also appears to be a renewal
business will be done.
of tho investment

demand

for

Inia Banks. Outo/ Banks

Interior

balance there was

in the

to

buy any kind

in

is dispelled, it

is

istration,

financial

policy

is

now

all

the machinery of the

that

The

(stated in our usual form) are as follows.
Bseeipts al

rise that

T.

Beeeited.

Shipped.

$l,09t.000
35,000

$083,000
255,000

Total

$1,099,000

$1,338,000

tr.

defined, confidence

first class

account for the

ami Shipments from

Currency
Gold

and as a natural result there is
shares and bonds, which, as stated, the
are freely taken by investors. These facts will readily
for

$1,206,843

LOM.

The Bank of America received $1,000,000 gold during
a good the week on account of the associated banks for deposit in

well

established,

is

demand

l,238,0«t«>

$1,238,000

ceipts

new Admin-

Government works smoothly under the
the

less

tho public

of his successor, but

seen

•2,nOt,843

Msl.

$1,409,843
'139,000

After the death of

the President there was some uncertainty in

doubt

much

enterprises,

of share property.

mind regarding the course

inovemeut

9

interior movement, as above, embraces alt the reand shipments of gold and currency reported to vm
disposition on tho
by the principal banks for the week ended Nov. 10, which

little

new

$1,405,813
1, 000,000

Total.
'

fiart of capitalists to invest

513

8nl.-Trea»ury oiwratlons, net.

For

properties.

first-class

nearly four months investors have seemingly stood aloof
from the market. While the life of the late President

hung

1

.

has taken place in these properties.

vault.

RAILROAD EARNINGS IN OCTOBER, AND
FROM JANUARY TO OCTOBER 31.
1

Tho exchange market has been steady and strong durFor tho first time in many months our monthly returns
ing the week. The early demand was for bills to remit
show
a smaller ratio of gain in earnings than in mileage
for the gold brought to San Francisco from Australia, reand
consequently a decrease in the average earnings per
ported in our last, and this importation is regarded here
mile.
The aggregate earnings of the forty-eight roads
Since then there has been
as a speculative operation.
given in our table amount to $23,012,562 in October
some inquiry to remit for securities sold in London for
this year, against $20,747,989 in October last year, an
account of bankers here, and this would indicate that the
outward movement had ceased for

margin

of profit for cable transactions

following,

York

showing

relative

the
is

prices in

The

present.

exhibited by the

London and New

cent.; the

per mile reach this year only

$592, against $G08 in October, 1880.
Wiw. 7.

Ifm.

Nov.

8.

0.

C.S.4s,o.

110-39

IIBM

U.8.3H!l

10208

102

4;-3S
Erie
2d con. 105-46

Cent. 132-55
N. r. C. UOll

g
d
>,

?

1

Woo.

•3

ll6>(i

116-84

102

102-30
17-3)

tTH

48-23

11.

104 J< 104-97

134

135- ;o

130>^

139 72

110

140-C8

140X1

68«

34-

Ut

»

n

4-88

em

4-88

Oct.

based upoa the liigUest rate for
cable transfers, wUlch ordinarily covers nearly aU charges, suoU as
iutcrcat, Insurance and commissions.

There was a 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

CliicA Eastern
CUic.

&

111.*..

Gr. Trunkt...

a gain to the banks.

Cin. Ind. St. L. &Ch
Clev. Mt.Vern. ADel.
Col. Hoek. Val. A Tol.
.

Uenv. & Rio Grande.
Des Moiuea & Ft. 1>. .Detroit I^ans'g A No.
EastTenn. Va. &Oa.

FUnt&PereMarq

Great Wost'n of Can. I.
Gulf Col. & Santa Fo.
Hannibal & St. Jos...
Ulinoia Central

Do

(Iowa

(111.)

.

lines)..

The payments by the Assay OEBce through the Sub- Ind. Bloom. & Westf.
ludianap. Dec. & Sp..
Treasury, and embraced in the above, amounted to Lake Erie & Western.
Louisville & Nashv...
$694,744, of which $600,000 was for gold received from Memphis & Cliar'ton.
Pad. & No.*
Memphis
Europe. The following are the receipts by the Sub- Milw. L. Sh. & West..
Minncap. & ht. Louis'
Treasury from the Custom House.
Mi>. K:iu. & XoiasV-.
Missouri Paoiflc
Mobile & Ohio
Oontiiting of—
N. Y. & New EngrndDale.
Dutie*.
Norfolk & Western
XT.S.
Silver
Silver
aold.
Northern Paciflo
Notes.
Dollars. Certiflcates.
Pad. & Elizabetht'u"
.

.

.

Nov.

4.

.J525,265 81

5.

301,812 25
468.085 75

7.

8

.

9.

10.
Total...

576,621 71
604,995 28
$2.476,780 80

$257,000 $28,000 $1,000
151,000
8,000
11,000
235,000
1.000
Holi day...
391,000
18,000
378,000
21,000

$1.432.000

$36.000

1,000

$3,000

$239,000
143.000
201,000
168.000
205.000

$956,000

Peo'ia Dec.AEvansv..
St.L. A.&T.II. in.llno.
Do do (branches)
St. L.Iron Mt. & So...

&

8au
St. Ijouia
St. Paul Minn.

$914,000 consisted of gold and $1,512,000 of silver
It will be seen that this week the gold
receipts are largely augmented, while those of silver certifi-

duties,

Fran

& Man

Scioto Valley
Texas A Pacitlc
Tol. Dclphoa &. Burl.
Union Pacitlc

Wab.

Last week, out of a total of $2,576,343 received for
certificates.

1881.

U80.

221.748

204,990
33.767

f 16.758
-3.937

564
146

492
146

2,120,229
785,199
94,903
139,820
1,493,620
2,:!03.700 2.105.21^
.170.526
342,052
212,006
239,881
37,996
35,211
243 065
201,296
603,680
473.318
40,0601
33.323
129.369!
116,602
313,611
303.518
16S.05g
158,752
419.239
487.619
127.420
73.568
213,433
242,214
63 3, i 67
688,110
174,458
192.101
181.674
196,916
44.424
47,003
V-22,732
170.926
1,009,100, 1,000,326

-f 393.771

2.717

2,450

-34,840
-1-23,375

810
230

11.407

335

840
220
333

(-96,380

3,951
2.941

3,600
2,581

823
300

-48.191

983
300
144
325
970
87
222
900
318
823
320
292
919
402
392
152
385

-1-3.774

1.840

1,840

-5.953

330

-1-80

113

-4-31.271

260

330
113
235
225

29.>tl0

Cbicaeo & Nortliwest
Cliic. St. P.Minn. &0.

is

Mileage.

Increase or
1881.
Decrease.

1880.

9
Burl. Ced. Rap. &. No.
Cairo & 9t. Louis*
Central Pacitlc
ChicaKO & Alton

Cbic.MUw.&St.Paul.

is

Treasurj- of $1,405,843 48, which

Gross Eamiiifis.

Month of

105

Bxpreised In tholr Now Vork equivalent.
Reading on baais of $00, par value.

NoTK.—The New York equivalent

is

OROSS EARStSOS ANT) MILEAOE IV OCTOBER.

47M

105-46

The following

our usual statement of earnings and mileage.

117W
10«M

133-65

S40i!

4'8«

cables.

+

116 64
102-05

I
B

arti

Eich'ge,

•

"3

i-m

H0«

Beading 34l4t

o

t

104>t

132M

III.

o

10.

Lond'n N.T. Lond'n N.r.
pHca.' pricts. priCM.* pricit.

Ijmtl'n If.T.
pricts.' prictt.

trm.

mileage

on which these earnings are based has increased during
the same time from 34,102 to 38,893, or about 14 per
cent, so that the earnings

opening each day.

at the

increase of $2,264,573, or about 11 per

St.

Total
*
t
•

LouU & Pao

.

2,514,000
750.359
118,278
131,233
i.nno.ooo

119,776!
17.3321

71.395
89,260
814.2541
693.7301
232,921
192,2441
241,6731
565.4851
37.874
,39.233

110,149,

6S,780
719.239
308,369
603.70':

47,976
403.3711

62,475
3,289.530
1,396.300
23,012.56'.

1-25,731

17,272
40.124
60,799
683,383
606,028
264.713
157,744
235,910
358,456
28,029
48,298
143,881
77.982
688,365
310,581
343,057
30.172
303,066
34.827
2,707,860
1,501,203

•f

+ 200.183
-l-2S,474

27,275

-

f 2,785
-1-11,772

H92.363
-1-6.737

+ 12.767
-(-12,126;
-(-9.3061

- 68,380,
-(-53.852i

-28,781
-32.243
-17.643
-15,242
-1-2.581

-i-

331

28.461

1.71

-(-160,871
-(-87,702

1.1.30

-11,792

+ 34.500
+ 3.T63
+ 207.0291
+ 9,8131

+ 10.9351
-33.732

506
356
428
972
186
248
195

-9.202!

121

+ 30.874

686
643
855
127
900
395

-2.012

+ 260,651
+ 17.80

+ 99.901
+ 27.618
+ 581.670
-104,903

3,650
3,220

1.50

325
551
87
223
900
318
823
180
292
91$
402
392
152
335

1,408

950
506
318
428
723
186
100
1»5
131
68$
SOS
658
100

550
285
3,125
3,479

30.747.989 +2.264..573 38.893 34.10$

Three weeia only of October in each year,
For the four weeks ended October 29.
Including Ohio Division, i includlDx lotematlonal

it

Ot. Northern.

Taking these figures by themselves the inference
cates are reduced.
might be that ttie situation was no longer so encouraging
The following table shows the Sub-Treasury operations as it appeared a short time ago, and there seems to be a
for the week ended Nov. 10 and the receipts and shipdisposition 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 couditions^that

THE CHRONIC

514

Viewed

J

LE.

[Vol.

XXXin.

$62 J- per month. If the earnings
on the old mileage were not only maintained,
satisfactory and calculated to inspire renewed confidence but increased, the decrease per mile would of course be
less than $750, and might even be wiped out altogether;
iu tke situation of affairs.
In the first place we should remember that we are com- but to effect thl^ latter there would be required an increase
paring with earnings of last year which were 1 7 per cent of fully 16 2-3 per cent in the earnings of the old mileage
above those of October, 1879, and that these in turn were and of 33 1-3 per cent in the total earnings. In other words,
almost 25 per cent above those of 1878. This is a the earnings on the original 3,000 miles would have to
very important fact. Although we are making progress rise from $6,000 per mile to $7,000, and even then the
to continue average per mile on the entire svstem would only be just as
rate, we cannot expect
at a very rapid
business
our
in
the
course of large as in the previous year. That we have in the past been
doubling
on
to keep
as we showed recently we had able to increase earnings even faster than mileage, shows
•every third year,
The percentages given tell how extraordinary our development has been. Not only
done in a late month.
U3 that for every dollar earned in October, 1878, there was that, but it shows also how unreasonable it would be, now
•earned in October, 1879, one dollar and a quarter, that that we have to compare with a time during which this
this was increased in 1880 to $1 46J, and that this development was going on, to expect a continuance of the
prevailed this year

is

sure to be misleading.

light of these conditions the present statement

in

tlie

eminently

is

Of
year the amount was further increased to $1 62 1-3.
course, mileage has also increased, but not anywhere near
But these

facts

bare figures.

The

of 1880

same

rate of progress.

tion demonstrates that

More than
we may lay

this,

too

the above illustra-

much

stress

on the

bare fact of a decrease in mileage earnings, and further

same proportion.

in the

a diminution of $750, or

wholly to a comparison of the

relate

influences tending to diminish receipts

And

demonstrates that a decrease of but $16 per mile in a
month is of very little moment.

single

There is nothing to be said as respects particular roads
among
movement beyond what is said above in a geperal way, but to
by the railroads. Last year prices of grain were low, the show what a decided falling off has taken place in the
crop was abundant, and there were no influences to inter- grain movement, we have had prepared the following
this year

must

also be considered.

foremost

these should be mentioned the diminished grain

rupt free marketing by the farmers.
high, the crop

more or

lations at the principal points so

room

for no more,

This year prices are

diminished, and the accumu-

less

heavy that there

and railroads are compelled

As

further offerings from the farmers.
condition we find that the

receipts

storage

to

refuse

at

is

and grain

receipts of flour

October 29, this and

West

at the principal

for the four

weeks ended

last year.

POUR WEEKS ENDED

RECEIITS OF FLOCR AND OBAIN FOR

an element not to be over-

Wheat,
bush.

FInui;

leading

Western lake and river ports show a falling off, when
compared with last year, of almost 43 per cent. A falling off of threesevenths in this class of traffic on the
chief grain-carrying roads

of the

lake and river ports of the

OCT. 29.

a result of this

grain

of

is

table

hbls.

Chicagd
1881 .... 239.773
ia?i).... 272,081

1,180,^506
3,

1

00,000

Mliw kce—
1881 .... 308, 5;4

,520,334

1880.... 286,T0^2

1,478,780

L<mi8—
I8S1 .... 124,022
188i) .... 169,500
Toledo 1881 ....
5,3i0
1880 ....
6,331
Delrolt—
1881 .... 58..59^

Corn,

Oals,

biish.

bush.

Barley,
bush.

Rye.
bush.

815,916 212,866
737,394 264,134

7,402.066 1.600.937
9,893,673 3,759,393

493. '!15 318,486
051,90; 134,645

49,190
116,370

3

591,775
933,210

5 44,53 J

332,750
499,395

74,096
62,230

415,171
261,103

13.3,388

10,443
17,143

41,059
33,589

2,693
1,755

500

18'1,894
2,2-i8

St.

continued gains on

looked in noting the

these

lines.

Aside from this, particular roads in the West had to
contend with severe floods, seriously interfering with

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 intheir traffic operations,

stances been voluntarily

down by

'^and

the agency of competition.

mind, earnings

would

reduced

now

62

forced

in others

Bearing

all this in

per cent above those in

1878

seera to offer little cause for complaint.

very

much weight

in this discus-

709.653
3,173,469

26S.2.54

.521,379

869,316

155,159

4«,0n9

2,107,079

58.636
31,077

79,34r.

1880....
Clevel'd-

1881 ....
1880 ....
Fcoria—
ISsl ....
1880 ....

13,803
15,239

21,200
172,400

107.250
250,300

141,023
198,000

3rt,663

7,767
8,930

27,900
94,170

1,384,950

.5.59.100

839,430

,072,550

50,500 143,450
90,625 121,675

8.5,.500

8,800

804,770
736,000

1881

.... 843,3.".7

4,551,754

18^0

....

Diiluth—
1881 ....
1880....
Total of

Furthermore, the decrease from last year in the earnings per mile is insignificant, and even if it were larger it
should not carry with

76.5,962

2,441,431

01,741

43,400

9,438

all

It will

9,802,121 3,131.631 1,800,238 762,534

8W,342 13,303,389 12,972,814 6,199,547 2,244,693 601,613

be observed that while

last

year the receipts of

were 13,303,389 bushels, this
sion.
For in itself a mere decrease here does not show year they were only 4,551,754 busheh, or 8,751,635
much. It does not indicate, as we have before said in bushels less. Of corn the receipts were this year only
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
of
6,199,547 bushels
lines, when added to the light receipts of the new lines,
barley, 1,800,238 bushels, against 2,244,693 bushels; and
it

wheat

at these eight ports

;

and distributed over

all, do not sufBce to maintain the
former average per mile. While it is clear that an increase in the average means progress, it is also clear that
this may be so even with a decrease in the average.
Take
a hypothetical case for illustration hypothetical simply

—

A

road

operating 3,000 miles, earned, say, in 1880, $6,000
mile, or $18,000,000
in 1881 it adds 1,000 miles of

per

because

we have

not data for an actual case.

;

kinds of grain,

the total foots

up 20,108,277

Of

all

bushels,

of more
was a sliglit
and especially

against ?3, 322, 056 bushels last year, a decrease

than

15

increase.

those

million

bushels.

With such

In

figures

flour

not surprised that the

Wabash

in earnings

there

before us,

relating to Chicago, St. Louis,

new over $100,000

road averaging $3,000 per mile. The addition of 1,000
miles increases the system one-third in size, or 33 1-3 per

601,613 bushels.

of rye, 762,534 bushels, against

and Toledo, we are

has to report a decrease of

notwithstanding an increase of

750 miles in road operated.

Our table does not contain any of the great trunk lines,
we need not dwell upon the effect of the war of rates.
As regards Southern roads, we have referred above to the

cent; the addition of $3,000,000 increases the earnings
one-sixth, or only 16 2-3 per cent.

so

Maintaining the same earnings on the old mileage as in
show in 1881 an average
of only $5,250 per mile, against $6,000 the previous year,

diminished cotton movement, and to bring out this point

1880, the entire system would thus

we give

the following table of the receipts of cotton at

the leading outports.

all

NOTKMBKR

THE CHRONICLE.

13, 1881.]

RBORIPTSOP COTTON AT SOUTHERN PORTS IN

615

1881 AND 1880.

OCT.,

BtpUmJier.

Namb.
1880,

Difference.

78.770
2,001

91.407

Deo.. ..I2,fl2«
Dec. .. 1,400

214.784
4S,0H)

214,336
60,032
3,642
184,008
2,120
143,001
12,223
28,040
2,0H2
130,030
43.791

1881.

Oalvonton

bales.

Iiidianola.

Ac

N»iw Orleuus

Mobile

3,S21

l,OilH

Floi'lda

Saviuinnli
HniiiKwiok,

150.098
2,0SH

&o

Clmrloxtmi

123,S2!»

I'ort Koyrtl,

&o

Wilmington

10,378
2V,rt30

,

&0

Moivheiul City,
Norfolk
City Point, &0

3,705
113.S.W
10,.54!)

Inc.

Varn.*

Cler. Mt.

Do

Dos Molnesft

Do

Dec. ..23,080
Doc. 33 212
.

Dec. 145.310

931,793

780,l!^3

,

months of the
year we find a very favorable exhibit. The forty roads
included in the table have earnings amounting in the
Referring to the earnings for the

first

ton

aggregate to $173,100,136 this year, against 146,099^895

81,004

41,tl47

31. SOS

Ft. 0'g«.l881
do
1880

4'7,SI»

SI .911

Do

do

88,Se4

184,247
l«II,ftU

at. West, of Canada.. ..1881
Do
do
1880

87,607

Do

4

Do

do

an increase of 27,000,241, or about ISJper cent.
There are but five roads that show smaller figures than in

11.188
101.868
94,60-^

4sa,oaft
4114,098

S79,15M
2T2.aO«

M.gA4

83,28))

88,496

27,498

8.785.006

2,271.629

1880 a,M7,S4S
276.52^

2J72.6S3

1881

Brie

vi.om

IVM

ir9,ffW
1OT.474

Do
do
18H0
Northern Central
Iftsi
Do
do
1880
Pad. & Elltabetht'n ....18<1
I'o
do
1880
Penn. (all lines east of
Phlla.

B8,0J8

«
20,984

A St. Loots 1881

Erie)

1«H,8<!4

CSM

Mem. Pad. & Northern 1881
Do
do
18H0

4

<

...isgi

1880

Pitts.

IS,8.<0

t

1881
1880

do

218,262
212,871

last year,

Subjoined

1880.

is

NAUS.

1.483.177 83 879.241 I8395,8a«
1.4:4.910 !IO.i»1.0l8 1S.42«,30«
e.3.260
S,Bl«.067
803.10S
109.8'IK

Do

TO OCTOBER 31.

do

Co.. 1881
1880

(Operating

Bnrl. Cedar Rap.

Cairo*

& No.

1880.

Increase.

St. I/OUis*

Central Pacitlo
Chicago A Alton

Chicago iMilw. & SI. Paul
Chicago A Northwest
Cliic.St.P.Minn.&Omaha.

&

Cin. Ind. St. L.
Chic...
Clcv. Mt. VcniouA Del..

32e,88ti

8, 804

16,403,421
6,446,728
10,'2 16,767
10,082,435
2,467,030
2.004,917

3,281, 370

$472,S0O

tVS't.OOO

12,14.800

.S7U.S02

173.387

201,115

& Kio Cirande
Moines <St Ft. Dodjje
At Pere Maniuotte..
Great Wesl'n of Canadat.
Hannibal & St. Joseph ..

Di'8

Flint

2.8S6.I49

2.296 ,866

4,203,99(i

102, ,122

Ind. Decatur & 8 •ringf.
Lake Erie & Western
Louisville .fe Nashville...
Memphis & Charleston.

352,645
981,916
7,589,075
871,727
166,613
324,077
615,901
4.879,994
4,455,295
1,734.881
1,673,402
2,088,158
2,856,129
315,528
354,753
1,199.013
574,448
4,976,594
2,18«,h35
2,561,916
263,512
2,140,367
19,327.562
10,247,170

Memphis Paducah &No.^
Milw. L. Shore * We,<t'n.
Minneapolis & St. Louis'.
Mo. Kau.sas tV Texast
.

ftli,<tsi>uri

Pa<

iflc

Ohio
Norfolk* Western
Noitheni Paeiflc
Oroxon Railwa.v & Nav
Paducah & Elizabcthfn'
Peoria Dec.A Evans vi lie.
8C.L.A.&T. II. main line
Do do (branches)
A:

.

&

South'n.
St. L. Iron Mt.
St. Louis
S. Fi*ancisco
St. Paul Minn. <Sc

&

.

Man

Scioto Valley
Texas <fe Pacltic
Union Pacific
Wabash St. L. A

Pao

Earnings.
|3,5 3
]4,M^5

»2 70,998

677.37-i

13,957,869
li,27J,9.4

4 St.

Do

*

do

18»0

1,606,874

967.686

Net

649,1 ::8

Oross
Net
Earnings Earning

SM.8H7

«29.480
47,268
4,748,400
4,887,878

Large amonnts were spent for renewals this year.

73, ,539

fiOYAL
238,337

16 i' ,989
75: 631
72, 741

1,448,65S

.

arms Operating
Earning Expenses.

231 107

2,074.609
5,:j99,27.i

1,618,078

Jon. 1 to Dots.

95,429
10,226

2,709,798
257,049
1.291,877

m. Central (lU. line)
Do (la. leased lines).

Mobile

235,559

DaU.

t^A30.23S tl.T73,7Se

Louis
1881
136.484
$32.98!
Do
du
1880
39.689
24.814
N. Y. 4 L. Brie 4 West.1881 1.172 SO") 1.096.523
Cairo

3,385, 233
1,856, 812
702, 703

3.-18.353

Denver

Decrease.

153, 310

1,870.735

.

1 to

Qron

Net

August.

1881.

STOJKS

2,7SS,7«')|

January

Net
Eaminge Expenses. Earjiinosl Earnings Earnings
Grots

4 Nay.

Oregon R'y
1

l.S48,4«4
I,ie4,«j8
83.406

October.

the table.

OROS8 EARNINGS PROM JANUARY

DaU.

(

40Jt18

Or. Trunk of Canada.

Nash. Chat.

Total

t
Del. .1881
1880

do

l.«-.';i

..

i to

QpsraMnd
Set
Bam4fi4f nspmjw. Kaniintt.

44«

In(t..

Dec. ..21,013
Dec. .. 2,S44
Dec. ..33,910
Dec.
37
Dec. ..17,232
Dec.
1,H4»
Doc.
390

Jatmar}!

On—

171, ,668
1,564, ,376
91, 537
24, ,085
]6i: 908
326, ,513
1.535 ,773
704, ,005
139 ,883
153 ,149
1,018 ,914
674 ,106
108 ,655
214; 693

14,380

37 ,324
946 .372
401 .375
1,280, 251

court a

89 374
923 ,256

It is

3,083 ,657

AND IMPERIAL MEETINGS

For the last two weeks the recent visit made by the
King of Italy to the Austrian capital has formed a conspicuous feature of our foreign news.
Naturally enough
importance attaches to such meetings. Ever since the
famous meeting of the First Napoleon and the First Alexander 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 sometimes too much importance is attached to royal and imperial interviews.
Kings and emperors are, after all, but.
men, and it is not wonderful that they should occasionally
little

not

friendly intercourse.

difficult,

however, to perceive that the present,

domestic policy of Russia has been largely influenced by

1,541, Oil

young Czar and the Emperor of
Germany. It was the Emperor's advice that a firm and
* Three weeks only of Outober in each year.
unbending policy be pursued, and that reform should only
.lanuary 1 to October 28.
t Inoludiug International <b Groat Northern.
That thesucceed peace and submission to authority.
Our statement of net earnings covers September and advice has been carefully followed, is certain and it may
the first nine months of the year. As in previous months, also, we think, be taken for granted that at Gastein the
it is difficult to draw any general conclusions applicable to
bonds of friendly alliance between Russia and Germany
all roads. Some exhibit better results than last year, others were renewed.
It was confidently expected that the interworse. Perhaps the most noteworthy change in comparing view between the Czar and Kaiser William would bethe two years is seen in the case of the Chicago Burling- promptly succeeded by a similar exchange of courtesies on
ton & Quincy.
This company reports an increase of the part of the Czar and the Emperor of Austria.
Sur$400,695 in gross, and $220,821 in net, during Septem- prise and wonder have been expressed the world over
ber.
The decrease in net earnings for the current year that such a meeting has not yet taken place. The
which at one time amounted to $1,126,636, has now been surprise has since risen to excitement and almost
cut down to $555,200. The following will show figures alarm in consequence of the visit of the King of Italy
for this as well as all other roads from which returns can to the Austrian capital.
A few months ago, and such a
be obtained.
with which it was
the
demonstration
of
visit, not to speak
OBOSS AND NET EARNINGS TO LATEST DATES.
accompanied, would have been deemed an impossibility.
Total

173,100,130 146,099,895 27,594,172
27,000,241

Net increase

593,931

the recent meeting of the

t

;

two generations there has been but little
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.

For
January

Septen^Kr.

NAMI.

Boat.

*

GroM Operating
Eartiinat Expenaea.

N. Y. Air Llne.lWl

28,261)

i N0..I88I

Bu
do
Chesapeake 4 Ohio
Do
do
Chic.

1880
18.H1
ISttO

Ban. 4 Qaincy...l88l

221,801
179.805

247,144
>I4;,303

2,262,081
1.8H ,aH5

Hate.

Net
Oron
Net
Earning Earnings Earnings
*

11.447
7,740

151.098
101,2)i«

16,82?
20,988
70.703
78.519
97.883

149,261
146,82

10<),4?>l

1,017.S?8

1,245 653

ftST.451

1.024.l53i

i

at least

friendship between the

*

28,7«
Burl. Cedar Bap.

\ to

213.973
216,293
1,602,297

105.0:2
117.191
426.949

1,405,745

629.ii67

2,031 ,a'.9
»,ul)3,683

62-;.5^7
518,'i7i

15.423,831
I5.129.864

7.5.Sl.9!i7

8.087.127

;

It

was deeply

significant that such

have been gotten over, and

difficulties

that a meeting of the

should

King of

THE CHKONICLE.

516
Italy

German

tive ministers, should

Irredentists

and of the Emperor of Austria, with their respechave been found not only possible,
but, to all outward appearance, in the highest sense
It was all the more significant that difficulagreeable.
ties, meanwhile, were discovered and allowed to stand in
the way of two such ancient allies as Austria and Eussia.
These difficulties, it has appeared, have been mainly, if

[Vol.

may thus find completion; and
may yet be satisfied.

unity

XXX hi.

the Italian

it is becoming to write with caution.
depend on the probable meeting of the Russian
and Austro-Hungarian rulers; and much also will depend
on the political alliance of France and England an alliance which Earl Granville declared on Monday night in
Austria.
certainly
not
the
Guildhall to be of the utmost importance.
It is
not wholly, on the side of
circumstances,
should
have
Russia
in
the
wonderful, that,
felt irritated, and should have asked Austria to explain.
BROKERS' COMMISSIONS.
Thus for a day or two the visit of the Italian King to
decision, just published, of the Court of Appeals,
the Austrian capital threatened, apparently, to b.=icome a
source of danger to the continued amity of the great explains under what circumstances a broker employed to
northern Powers. Some of the speeches delivered during sell property, mav be deemed to have earned his commisHe can not claim them, it is said, unless he
the festivities, especially by the Austrian statesmen, were sions.

In the meantime,

Much

will

—

A

perhaps more jubilant than

politic.

They were

certainly

The story of the case was
was employed by the Bethlehem Iron Com-

actually procures a purchaser.
that a broker

open to misconstruction and liable to mislead but it
would now appear as if the explanations were satisfactory pany to negotiate sales of steel rails for railroad tracks
satisfactory so far at least that in the undei'standing which they might manufacture, with reference, particuarrived at by Austria and Italy there is nothing detri- larly, to the Grand Trunk Railway Company of Canada,
;

—

It would now appear,
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."

whose

broker was supposed to have

mental to the interests of Russia.

with

also, as if the obstacles

acquaintance and influence.

officers

this

The broker

visited

Canada

and conversed with the manager of the Railway Company,
and 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

Count Von Kallay has so far Company expressed themselves as inclined to purchase,
satisfactorily explained a speech which was reported as but, ultimately, the Bethlehem Iron Company declined to
having been delivered in the Hungarian delegation, and name a price, and the negotiation fell through. Apparwhich gave offence to Italy and Count Andrassy, the ently the Iron Company had become dissatisfied with the
coming man again in Austro-Hungarian councils, has broker for his willingness to yield on prices. Four months
assured us that " during the whole of his ministerial career passed in this ineffectual negotiation. Afterwards another
he has been convinced that the union of Italy and Austria broker who had learned "on the street" that the Grand
was a great and important factor in the preservation of Trunk Railway was in the market for rails, opened
the European equilibrium." From this it would seem safe negotiations which resulted in a sale such as plaintiff had
enough to infer that the late royal and imperial meeting at been employed and had- endeavored to accomplish. Hence
Vienna was not wholly unconnected with questions of the suit. The broker first employed claimed that he had
State and international policy.
Whatever may have been introduced the parties and I rought the rails of his princidone, and howcver these meetings may ultimately develop pal, the Iron Company, favorably to the notice of tie
their hidden purport, it seems safe enough to conclude Railway Company, and that he could not be deprived of
that they do not in any way, for the present at least, his commissions by his principal's dismissing him and
menace the peace of Europe.
reopening negotiations through another person.
And yet an Austroltalian alliance is significant. Italy
The court decided against the claim. The opinion says
has been irritated by the recent action of France in Tunis; that the duty undertaken by a broker employed to buy or
and the monarchy is ill at ease alongside of the prosperous sell, and the essential condition of his right to commissions,
and aggressive republic.
Alone she is no match for is, to bring buyer and seller to an agreement. A broker is
France. An alliance with some Power was a necessity. " one who makes a bargain for another " and receives a
After France, Austro-Hungary was the next nearest commission for so doing. To earn commissions a broker
neighbor.
These are perhaps reasons sufficient to explain to sell must produce a buyer ready to purchase on terms
this courtship of Austro-Hungary by Italy.
There was satisfactory to his employer. He need not of necessity be
but one remaining difficulty between them. Trieste and present and an active participator in the agreement of
the Trentino are regarded by a certain section of Italian buyer and seller when this agreement is actually conpoliticians as " unredeemed Italy."
It is reasonable to
cluded.
He may just as effectually produce and create
conclude that as the price of this Austro-Hungarian alii
the agreement, though absent when it is completed and
ance the Ifredentists have been sacrificed. It is probable, taking no part in the arrangement of its final details.
however, that for the abandonment of this claim compen- But his duty is to bring the minds of the buyer and seller
sating promises have been made.
The Eastern question to an agreement for a sale, and the price and terras on
is not yet finally settled; nor is it difficult to see what
which it is to be made, and until that is done his right to
Austria means to do when the time for final action commissions does not accrue. It necessarily follows that
shall have come.
She is already enforcing the military he is never entitled to commissions for unsuccessful
regulations of the Empire on Bosnia and Herzegovina; efforts.
The risk of failure is wholly his. The reward
and she is ready, on the first opportunity, to rush to comes only with his success. The broker may devote
This, however,

is

not

all.

;

-

We

know

Germany

at her

in the carrying out of her purpose in the East.

Her

Saloniki.

are Bismarck's plans.

that she has

Russia

may

—probably

object

object to Austrian extension eastward; but
Italy will be with Austria;
sation.

—in

Compensation

and both

may come

will

Germany and
compensame way

will look for

to both in the

and expend money with ever so much
of his employer, and yet if he
fails, if before a bargain is accomplished he abandons the
effort, or his authority is fairly and in good faith terminated, he gains no right to commissions.

back time and
plans

the more completely rounding off of their territory.

fidelity

And

labor,

to the interests

in such event

and the termination of

it

matters not that after his failure,

his agency,

what he has done proves

NovBMnKR

13, 1881.

THE CHRONICLK.

J

of benefit to the principal, lie

who

other parties

may bave

introduced to each

otherwise would have never met; he

bave created impressions which, under

later

may

and more

favorable circumstances, naturally lead to and materially

consummation of a

assist in the

sale;

he

may have

planted

the very seeds from which others reap the harvest; but
all this

was part of hia risk
others might be left to some extent to

gives him no claim.

failing himself,

It

themselves of the fruit of his labors.

avail

If the efforts of the

ready and willing, and consenting to the prescribed terms,
produced; or

the latter declines to complete the con-

if

some defect of title in the ownership of
some unremoved incumbrance, some defect

tract because of

the

seller,

which

is

the fault of the latter, then the broker does not

But

lose his commissions.

this limitation is not

p(lanctarg|©ommcrclitrgugUsh3Vcuis
BATES OF EXCHANGE AT LONDON AND ON LONDOM
AT LATEST DATES.
MXOUANOJl AT LOSDOX-Orl.

On-

29.

an excep-

tion to the general rule affecting the broker's right, for

Amfitor(la:n

.

Aiii8t«r''uiii

Kottonlnin

.

Antwerp

Hamburg

Timt.

Jtatt.

Oot.

28 Short.

12-15

Oct.

28 sLurt

DaU.

Short. 13 3
S12-4
3 mos. Vi!>'.i 9\2b\
"
las'*

»12H

.4

2505 «26-70

•'

!i605
20-74
20-74
18-45

. .

a25-0
a 20-78

....

29

<(
Berlin
Oot. -2>( Siiort.
*'
Frankfort...
»':0-7.t
1*
ConeDliHgeD.
918-48
'*
St.Eetcrs'bg.
2592S'4i
Paris...
Short. 23-27i«a25-37'« Oct. 28 Short.
Paris
3 mos. 26-65 •26-70
Oct. 28 3IIUM.
•*
Vienna
U-»7i«»12-2>a Oct. 28 Short.
Cadiz
47»9a47!Hl
**
Genoa
26-2i«»26-ia>t Oot. 28 3moa.

Uslron
Now York.

Alexandria

Bombay

**

.

....

Calcutta
Shaaglial

30 days
••

U.1HA.
Is.

1\A.

....
....

37>fl

20-4 >•

2S'I9i*

25 22
118 40

20 50

Sl%«51>^

....

.

Hong Kong..
it

sxoHANag ox LOnOOK.
IMttt

Rau!

Timt.

that,

broker are rendered a failure by the fault of the seller;
if capriciously he changes his mind after the purchaser,
is

617

4-80%

Oct. 28 30 days
Oot. 26 30 days
Oct 28 Smofli
Oct. 28 4 mos.
Oct. 29
Oot. 28

95%
Is. 8S|i,d.
Is. 8%d.
3s. Pi4d.

5«. ligd.

goes on the ground that the broker has done his duty, has

brought buyer and
contract

is

an agreement, but that the
not consummated and fails through the afterseller to

fault of the seller.

Moreover,

unless the

expressly

made

terminate

it

good

faith.

for a

employment

specific

time,

of
his

the broker is
employer may

(Prom our own correspondent.

I

London, Saturday. Oat.

29, 1881.

The " liquidation" in Paris will be commenced and concluded
next week and it is still a cause for anxiety. This anxiety was
especially apparent in the early part of the week,

money market

and

it

waa

at will, subject only to the requirements of

expected that, as the London

Ordinarily the broker

borrowers, considerable sums of gold wonld be remitted to

is

entitled to a reason-

is

the easiest for

Paris against sales of foreign bonds.

It is understood that a
Urge amount of foreign government stocks has been sold here
he pleases, provided his doing so is not a mere device to of late, and the exchanges between London and Paris have
fluctnated considerably
but the movements in gold have so
avoid paying commissions. If, in the midst of negotiations
far been of an nnimportant character.
There is now an
instituted by the broker and evidently approaching
impression that the preparations for the arrangement of the
success, the seller should revoke the employment with account on the Paris Bourse are now in so advanced a stage

able time for finding a buyer, but, this being granted, the

principal

may

terminate the broker's authority whenever

;

design to conclude the bargain without the broker's aid, that our money market will not be materially affected. Some
and on that pretext to refuse commissions, it might well diflSculties are apprehended, but they will in all probability be
be said that the due performance of the broker's duty was confined to second class operators, and no serious results are
looked for. The more favorable view which is thus taken of
purposely prevented by the principal. But if the seller,
financial affairs in Paris has naturally exercised a beneficial
acting in good faith and moved fairly by a view of his influence, and the week closes with a fair degree of firmness
own interest, not by a desire to escape from commissions, prevailing in most departments of business. Financially, also,
chooses to revoke the broker's authority before a bargain the position of affairs here has decidedly improved. The Bank

made, he has the right

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

is

of his

to

efforts.

Applying these two principles

to the particular case, the

court denied the broker's claim, both because he had not
in

point

of fact

because the Iron

completely negotiated a contract, and

Company had

seen

fit

to terminate his

employment, after he had had a reasonable opportunity
(three or four months) to make a sale and before he had
effected one; which the company had the right to do.

rate of discount remains at 5 per cent; but in the

open market

the best three months' bank bills are taken at 4 to 4 >i per cent, a
moderate percentage of business being reported at %'/% per cent.
The state of the Bank of England has also somewhat improved,
the proportion of reserve to liabilities having advanced to

nearly 38 per cent. The supply of bullion held by the Bank
does not, however, increase ; there being a decrease of dCl6,2U,
against a recorded influx of £94,000. The circulation of notes,
however, is diminishing, the falling off this week amounting to
£470,365, and the result is that the total reserve has been
augmented by £454,151. The Sink is transacting very little
discount business, the total of "other securities" having been
diminished by £451,442 ; and the government appears to have
repaid the Bank a further sum of £600,000 in reduction of the
loan granted for the purpose of paying the dividends. Although the process is a slow one, the Bank makes progress
towards improvement, but the opinion must still be entertained that the process must remain slow. Since the value of
money in the open market has declined to 4 per cent, the Continental exchanges have been less favorable to us, and not only

Error wrrn beoard to Pork-Packino.— The Cincinnati Prices
Current in the following calls attention to an evident error
which, through the carelessness of the copyist, was incorporated in onr article on " Pork-Packiog " in our issue of October
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 nsoally careful Financial
is more likely to be sent to Paris, as well as to
Chrcvnicle has fallen into a very serious error in saying that on porary, purposes
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.' Th« 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
demand for gold on Kew York acooant
increa.se in the supply this year over la.st year is only 27,000,000 revival of the exp:rt
pounds, instead of 270,000.000 pounds."
but we are not likely to receive gold from there, and
consequently, in order to maintain our present position, which
CHE.SAPEAKE & 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, Kv., 66 miles our colonies for supplies.
These will not be liberal, and
eastward from the old terminus at Mt. Steriing. and, 100 miles
we may hope for the return of sovereigns from Egypt
from Lexington. Just beyond Herat is the Aleans Tunnel, the although
well as from the provinces of England
completion of which is expected in a few days. As soon as and South America, as
track can be laid through the tunnel the connection through to and from Scotland, in the aggregate receipts must be small.
Ashland will be made.
The demand for money for commercial purposes is still very

—

THE (CHRONICLE.

518

The land

moderate, notwithstanding the improving state of our commerce; and there is still every probability of much discrepancy
existing between the Bank rate and the open market rates of
discount. This condition of things is likely to last for some
time to come, and although the state of the commercial demand
would seem to justify a lower official minimum, it is very
evident that the directors of the Bank of England will be
unable to see their way clear to adopting any change. The
following are the present quotations for money:
Ter cent.

Bank

5

rate

Open-market rates—
30 and 60 days' bills
/
3 months' bills

4®1''8
i-a>mi

wheat

tions of a limitation of our

S'u;

3\

a statement showing the present position of the
Bank of England, the Bank rate of discount, the price of consols, the average quotation for Eaglish wheat, the price of
middliEg upland cotton, of No. 40 mule twist, fair second
quality, and the Bankers' Clearing House return, compared
with the three previous years.
bank post

1880.

26,194,815
3,301,480
24.927,240
14,320,269
20,990,743
10,801,319

bills

PubUcdeposits
Other deposits
Goverum't securities.
Other securities

1879.

A

at the

1878.

S,

£,

26,626,360 28,265,290
4,8!I8.500
4,544,363
28,177,105 31.932.439
15,865,070 19.070,.i28
18,057.666 17,863.355
16,671,039 17,832,143

30,10'^, 425

2.715.768
2S.310,94.'<

16,037,672

.

are the current rates for
pal foreign centres

money

Paris
Brussels

Bank

Open

rate.

market,
Pr. ct.
4'8
514
4
bM,
513
3'8

Amsterdam

51-j

4

Berlin

51a

Frankfort

4"

Vienna

Bank

Open
market

rate.

&

other

Spanish

cities

Madrid

Pr.el.

el.

4
6

5

Petersburg...
Gcr.oa

4

4

Geneva
Copenhagen

3'a
313

3I9
312

St.

in the

United States

is

estimated that the

also given:

1881.
Imports of wheat. cwt. 10.969,869
1,950,897
Imports of flour
Sales

d.

9

d.

s.

a

Total

exports
Deduct
wheat and flour

6.701,200

6,092,900

2,975.000

8,879,200

19,621,966

20,127,620

18,05J,017

19.791,852

of

225,774

..

503,341
19,286,511

19,787,933
4ls. 6d.

48«. 2d.

42s. Id.

in the U. S.... bush. 20,500,000

15,800,000

25,697,223

16,882,581

U,its

Peas

Beans
Indian
Flour

com

The traffic returns of British railway companies are still disappointing, but better results are anticipated shortly. The
trade of the country continues to improve, and an increasing
amount of busint-ss 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
our 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 f 180,000 to £200,000, and assets of about £80,000.

The

firm had branches at Luxembourg and Chaux de Fond.i,
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,
and the season for farmers is proving to be yery satisfactory.

027

2,Mi),:i37

2,36-)

2,112,619
213,370
320,412
5,368,435
1,950,897

2,361,OS6

cwt.

Oats
Peas

com

Bnsllali

.

1880.
12.1^4,621

1881.
cwt. 10,969,869

WTieat
Barley

d.

®
®
•»
®
®

211,148

49s. lOd.

Indian
Flour

®
®
®
®

SILVER.
d.
per oz. standard. Sl^a
iieroz. standard. 5214
peroz. 56
per oz. nearest. 50''8
...peroz
15s. Od. to £7.
Discount, 3 per cent.

339,635

17,837,599

Beans

lOia®
9
9

1878.
9,761,527
1,151,125

1879.
13,178,601
1,898,416

1880.
12,154,621
1,880,199

home-grown

of

produce

WTieat
Barley

:

«6

it is

seasons.

have been in very limited request, but the supply hj,s
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 increase of f 50,000— is to be offered next week. The following

Chilian dollars
Quicksilver,

of the season,

as follows with the corresponding period in the three previous

dollars

are the present quotations for bullion
GOLD.
».
Bargold, fine
per oz. standard. 77
Bar fjold, containing 20 dwta. silver, per oz. standard. 77
Spanish doul)loons
peroz. 73
South American doubloons
peroz. '73
United States gold coin
per oz., none here
German gold coin
peroz

how-

The imports and exports of grain into and from the United
Kingdom during the first nine weeks of the season, compare

5%

Bombay
7
The silver market has been very quiet, and the value of fine
bars has had a downward tendency. There has been scarcely
any inquiry either on Continental or Indian account. Mexican

Bar silver, fine
Bar silver.coutain'g 5 grs.gold
Cakesilver
Mexican dollars

commencement

wneatfor season (<ir.)
Visible supply of wheat
Pr.

trade,

following quantities of wheat and flour have been placed upon
the British markets since harvest. The visible supply of wheat

19,396,192
Result
Av'ge price of English

at the princi-

:

Pr. el.
5

The

supplies.

22,64 2,5»*9

Rea've of notes & coin.
10,a3d,734
Cbin and bullion in
both depiU'tments.. 21,246,161 28,297,399 31,097,433 25,417,159
Proportion of reserve
37-96
50-57
48-02
to liabilities
33-u3
Bank rate
5 p. c.
2 p. c.
6 p. c.
21a p. c.
9318
99 13
97)3
9459
Consols
428. 8d.
478. Id.
49s. lOd.
Eug. wheat, av. price.
39s. Od
6381.
658d.
Mid. Upland cotton.
59, „d.
7"iRd.
9I4I.
lOMd.
10%d.
No. 40 Mule twist
lOd.
Clear'g-house return
93,476,000 81.213.000 80,782,000 91,401,000

The following

home

which has taken place in prices at
only been practicable by submitting to a reduction in prices of
about Is. per quarter.
During the week ended October 23 the sales of home-grown
wheat in the 150 principal markets of England and Wales
amounted to .54,329 quarters, against 41,531 quarters last year
and 35,617 quarters in 1879; and it is computed that they
were in the whole kingdom 217,320 quartets, against 166,130
quarters and 142,500 quarters. Since harvest, the sales in the
150 principal markets have been 386,612 quarters, against
351,500 quarters and 171,640 quarters, the estimate for the
whale kingdom being 1,546,500 quarters, against 1,406,100
quarters and 686,540 quarters in the two preceding seasons.
Without reckoning the supplies of produce furnished ex-granary

Per cent
4 montlis' bank bills
3''s®4
6 months' bank bills
3''ea>i
4 & Gmonths'tradebilla. iigiSSia

S.

and autumn

owing to the reduction
New York, and sales have

is

1881.

well,

ever, has been dull during the week,

:

Oireulatlon, excluding

good condition and works

is

portion of their crop, and have probably met some of their
more pressing financial necessities, there seem to be indica-

The following are the rates of interest allowed by the jointstock banks and discount houses for deposits
Per ceni.
Joint-stock banks
3>a
Annexed

in

being sown under very favorable conditions. Very
satisfactory progress has been made, and farmers have also
found time to thresh out a moderate quantity of produce.
Now, however, that they have dispo,sed of a considerable pro-

Open market rates—

Discount houses at call
with notice of withdrawal
do

is

[Vol. XXXIII.

415,197
231.021

138,1155
4ii2,235

7,461, 3.i3

4,40».72S
1,893,416

1,880,109

1878.
9,761,527
3,024,301
1,981,063

1879.
13.17S,60l
2,870.982
2,764,944

5'23,641

313,191
7,022,993
1,151,123

1881.

1880.

1879.

1878.

202,089
7,494
79,480
11,115
8,282
49,726
23,683

311,181

184 949

1,937

3,734
4,420
14,675
5,298
276,507

487,193
17,694
16,222
3,346

60.446
23.617
9,794
37,852
28,504

1,263
61,205
18.148

214,499

market KeportB— Per Cable.

The daily closing quotations for securities; &c., at London,
and for breadstuffs and provisions at Liverpool, are reported
by cable as follows for the week ending November 11
:

London.

Sat.

Silver, per oz

d.

Consols for

money

•Jonsols for

account

Uon.

100%

,

Liverpool.

Sal.

Flour (ex. State.. 100 lb.
"
1, wh.
"
Spring, No. 2...
"
Winter, West., n
"
Cal. white
"
'Viru. mix.. West.
Pork, West. mess. ^ bbl
Bacon, long clear, new..
.

Wed.

Von.

s.

d.

9.

14
10
10

3

'.4

9
3

10
10

11
11

5

1

lOifl

77
48
92

77
18

new,^tc. 92
Lard, prime West. <p cwt. 53
Cheese. Am. choice, new 58

11
11
5

Beef, pr. luess,

O
6

38
38

d.

10

6

Pri.

•iliSie

i»i6

8640

863212 80-85

lo5
II6I2

105
II6I2

119%

119%
48 '8

49=8

13712
68I4

137
6818
3459

144
Tues.
8.

d.

Wed.
«.

d.

14 3
10 8
10 5
5
5
11 1
1
1
10 11
10 11
lOis 5 9I2 5 10
77
77
O
47 6 47
91
l»2

3
9

Thurs.

5II61J
IOOII16 lOOSig
10013,6 IOOII18

51''8
5178
31'8
99l3,e I003l6 10J1,6

10)

Fr'ch rentes (in Paris) fr. 85621a 8607 Hi
I' 15
[J. 8. 38ext'u'd into3i33 105
II6I4
II6I4
a. 8. 4ia8ot 1891
U9?i 119%
U.S. 48 of 1907
4m la
48!^
Erie, common stock
137
Illinois Central
1361a
68I9
68 14
Pennsylvania
33 14
Philadelphia & Reading
35%
New York Central
144% 14414

Wheat, No.

Taes.

14
10
10
11

3

37
38

6
6

9

58
38

IO514

116%
I2OI4

48%
139

34%

68i8
3514

143%

144 la

Thurs.
s.

d.

s.

d.

14 3
10 7
10 5
10
11 1
1
11
10 11
10 11
5 lO"* 5 11i«
77
77
14
10

48
91
58
38

3
8
5

48
91
58
57

6

NOTKMBRR

THE CHRONICLE.

IS, 1881]

(!i;0m»ttctctal autlimaceUatteaiis Hews.
Natidnal B\p»K3.— The foUowiug Dational banks were organiced last week.

a,583— Tlio Dwt Moliien National Bank
I'iiplt.il.

*lOi) iK)

or

Des Molnen, Iowa. Authoriiied
W. K. U.kzi'ii, Ciisli'r.

B. L. II inliiiif. Prent,;

).

2,584— Tim

Ho. oncl Niitlonul
Will. P.
.$100,001".

Bank

or Diiiivlllp.

AiilliorUwl oiipltal.
Pinks, CaslilHr.

III.

(Jauium. l'ioo"t; Tbos.

8.

—

Imports and E.xpoiira Foa the Wbbk. The imports of las:
week, compared with those of the preceding week, show
an increase in both dry goods and general merchandise.
The total imports were $7,817,024, against $7,580,223 the preceding week *nd 510,'214,.'552 two weeks previous. The export*
for the week ended Nov. 8 amounted to $6,029,302, again.st
$5,910,615 last week and $6,,')90,674 two weeks previous. The
following are the imports at New York for the week ending
(for dry goods) Nov. 3 and for the week ending (for general
merchandise) Nov. 4; also totals since January 1:
POKKIOS mPOKTS AT NliW YORK.

Dry Goods
Gen'l mer'diso..

Total
Since Jan.

Dry

1880.

1879.

1878.

For Week.

1S81.

$1,882,726
5.934,298

»1.3,)6.S71

$1,275,153

3,742,965

5,2.i2,388

$1,226,975
7,251.375

$6,497,541

$8,478,350

$7,817,024

$81,485,430 $110,539,217
199.808,868 311.310.205

$98,052,333
275.085.485

$5,079,836
1.

$67,910,777
1 0.U56.601

(iooils

Oen'l mor'dise.

*248,867,381 *281. 291.298 W21.849,422 $373,137,818

Total

impons

In our report of the dry goods trade will be found the
of dry goods for one

The following

is

week

later.

a statement of the exports (eiclasive of

from the port of New York to foreign ports for the
week ending Nov. 8, and from January 1 to date:
BXPORTg FROM NEW YORK FOE THB WEEK,

specie)

For the week...
Prev. reported..
Total 8'ce Jan.

1

1880.

1879.

1878.
««.3H1.89rt

294,625.474

$6,319,600
295,228,357

*6.029,302
325,lao,350

$6.055,70->

352,142,847

.+301.017.370 *302.O48.457!*358,198,55i: S331,159,6.-.2

following table shows the exports and imports of specie
the port of New York for the week ending Nov. 5 and since

The
»(,

January

1,

Imports.

A'xporli.

aoid.

Since Jan.

Great Britain

$

$63,160

T»tal 1881
Total 1880
Total 1879

$10,000

$432,441
2,165.723
2,063,138

1,750

2,226,.509

280,3 8
7 w,635
2.046,539

2,307
35,953

253.706
102,075

All other coautrle8

3.893,671
9,186.033

294.300
93,21n

i6",o'o6

1

$32,359,231

$

6.5b6
2,000

We«t Indies

Since Jan.

Week.

1

port and other points. Our line will rnn 4fi mllfS in Connecticut and 17 miles in New York, It will be 14 milen shorter than
the present line, by rea.Hon of being laid out ho as Ut avoid th«
sharp turns and oat-of-the-way cornerh that make the preiMiit
line of the New York & New Haven road a marvel to engi•
•
•
•
•
•
neers."

"Onr maximum grade will be onl^ 40 feet to the mile, no that
we shall be able to make quicker time beside riinning leiwriak
of accidents over half a dozen draws. There is businHSsenoagb
to support the new line. The New York & New Haven Company is running trains with great frequencv. and it cairie*
about 100,000 tons of freight a month. It carried over 3,000,000
pa-ssengers last year, and there is complaint tha' it was notable
to meet fully the demands of basineHs upon its facililiett.
As
we calculate to save at least half an hour in time, besides touching the big places directly, instead of by fending branch roads,
we think there is a fair prospect of our securing business.
can make a profit of 10 per cent on one-quarter of the bu.sineas
now done by that rnad. Onr capital is $6,000,000, and we are
capitalized at one-third less that any other road running in that
direction."

We

Denver & Rio Oranrte,— This company has .completed and
opened for business the San Luis Valley Rranch, which extends from Mears, Col., on the Gnnni.son Division, 228 miles
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 26
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.
LonisTille New AIban.r & Chicago.—On this company's
Chicago & Indianapolis Air Line grading is now completed,
from Delphi, Ind., southea.st to Sheridan, about 40 miles, leaving only 25 miles to reach Indiau'ipolis. The right of way ia
cleared from Sheridan to Broad Ripple. Two gangs of tracklayers have begun work at Frankfort, going in both directions
from that place.

—

The attention of the banking and investment interests iB
called to the card of Messrs. Barker & Tinker in our advertising
columns to-day. This Arm, recently organized, is composed of
capable and live business men, Mr. F. D. Barkf r. a member of
the New York Stock E.TChange, having had considerable experience as a broker in Wall Street. "The firm will pay strict
attention to the buying and selling on commission, for ca-sh or
on margin, all stocks and bonds dealt in at the Stock Exchange.

—

The attention of the cotton trade ii( called to the card in
to day's Chronicle of Messrs. Ewen Brothers, cotton brokers,
in this city.
The gentlemen composing this flrin are active and
enterprising, and possessed of large experience in their line of
business.

1881:

EXPORrg AND ISfPORTS OF SPECIE AT NEW YORK.

ireefc.

619

'

—The Ontario Silver Mining Company
its

of Utah has declared
dividend for October, $75,000, making a total to date of

$3,875,000.

—A

dividend of $30,000 for the month of October has been
declared by the Deadwood- Terra Mining Company.

1

241,200

BANKING AND FINANCIAL.

$671,970 $50,712,139
695,956 46,252,386
4,099,598 56,923,458

BANKING DEPARTMENT.

Silver.

$395,^00
102,500

Great Britain

Germany...
West Indies
Boutli America
All other countries

$210,425
20.065
241.735
725,911

$

$8,763,135
272,350
270,809
10,204

176',226

5,216
4,345
8,014

38".444

1,119,820
156.424
21.7K1

29.796

Total 1881
Total 1880
Total 1879

*;iu/,..o./

76.121

$187,831 .$2,4'Jo,n
58,616
4,2 42,139
157.272
7,1186.767

!jiil,334,T33

2fi.500
1

1

4,357,693
1.183.967

Of the above imports for the week in 1881, $409,987 were
American gold coin and $11,958 American silver coin. Of the
exports for the same time $10,000 were American gold coin and
$3,000 American silver coin.

Anction Sales.

—Messrs. A. H. Mnller & Son sold

the follow-

ing at anction:
Shares.

50 North River Construction
<'o

Pieiu.

$15,000

(receiver's ccrtlllcate, 70
per cent paid) for
$11
Ins. Co. of N.
155
1 1 Knickerli'kcr Fire Ins. Co. 56
20 Iron SteaiutKiat Co
52

11

Home

Y

Newtown KK.

5

14Tradcsmi-n'8 Naf. Bank. .120
10 Ci'iitrul Park North & East
River RR
131%
SOGri'at Wi-stern Ins
75
25 Firemen's Fund Ins. Co.

Bonds.
Brooklyn City

&

due
106i4nud

Ist 78.

1890

int.

1,500 Huliokeu
City 78,
water, due 1893
115^
2,000 Harlem River & Port
Chester RR. Ist Os, reg.,

due 1903

1

2,000 Harlem River
cheater

RR.

due 1903

<fe

1

.'i

>3

Port-

Ist 7s, reg.,

129 »3

Chicago Milwaukee & St. Panl.—The extension of the
Southern Minnraota Division from Dell Rapids, Dak,, southward to Sioux Falls, 19 mile.s, Ls completed. The extension from
Madi.son, Dak., west to Howard, 22 miles, is nearly done.
Conneclicnt & Western.— One of the directors of this road,
said to a Boston Herald reporter " We propase to build a new
road on a direct line from New York to Nevr Haven, not far
from the pre.-<ent line of the New York & New Haven Road, but
further from the shore and strr.ighter, 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:

Office or
No. 5

FISK
NASSAU

dc

HATCH,

STREET,

Nbw

York, 1881.

we

In answer to nntnerons letters of Inquiry as to the terms on which
receive deposit accounts of banks, bauken. business Hrins and indlv
iduals, we issue this circular tor the general inforinatl 'n of those wh»
accounts with a private banking house iu this city.
are prepared, on the terms mentioned below, to receive the
accounts of responsible parties In good standing.
woll-kmwn corpor1. Except in case of banks, savings banks, or other
arei
ations, or of individuals or Arms whoso oharaiaer and standing
already known to us, we require satisfactory references before opening

may desire to open

We

an account.

annun on the averse*
2. We allow interest at the rate of 3 per cent per
mout'ily balances when the game amount to $1,000 or over. On accounts averaging loss than S1,000 for the month we allow no interest.
as above, on the3. We render accounts current, and credit Interest
day of each month.
For parties keei>ing regular deposit accounts with us we coUeet
and credit United St.itcs, railroad and other coupo is and dividend*
and givo
oavable in this city, without charge; make naroful lii.iuiriM or o^W
i.ivestineiits
the best information we can obtain resucotluir
tlie
r
intereiita
gmicral
«.t>
e
In
niaiters of flnancial Interest to them; and
in our ll.ie of ""''nf^^,^
In anv way in which we can be of use to tUeiii
at
all
timea
are
but
paper,
5. We do not discount or buy commercial
ivirrespoudents on U. 8
reparc'd to make advances to customers and
securities.
.nds or other first class and marketable
without notice.
6. All deposiu are subject to check at sight

last
4.

Z

Etchange. and we
of onr firm Is a member of the New York Stock
particular a-tcntlim to orders by mall, teleirranli or In person for
CoiiiiiiUsl-n
on
sto«^ks
Bonds
and
of
sale
purchase
or
thf
U^lon. »|1 iMOes
We continue to buy and sell dlnwt, without rciiiiii
iiiini.!.llate delivery at
and donominatlons of Unltwl Stau-s Bonds for .Satlou.il
B4Uk8 in the
for
ourreiit niarki-t rati-s. an 1 make exchimjea
trouole to tliein.
Hankiiisr DepartintMit at Wushlngton. wit hoiit
will
be sent poetBonds
our •• ."ilemoranda Couceruiug Ooverumeut
paid QU appUoation.
FBI£|Jc HATCH.

One

irlvo

^^^

THE

520

She

CIHKOJSilCLE.
1881.
Nov. 5.

ganluers' ^a^ette.
I

T

The followinu dividends have

I

it Pittsb.,

Net deposits

:

Per

When

cent.

Payable.

Railroads.
Clevc.

R

Legal tenders.
Legal reserve.
Reserve held.

recently been announced

Name of Company.
guar, (qnar.)

North Peuneyl vania

Circulation...

D END

(quar.)

Bookt Closed.
(Days inclusive.)

1%

Dec.

]

15.

Nov.

2D

3

Nov.

10 Nov.

Hank.

NEW YORK, FRIDAY, NOVE.UBER

P.

The Money Karket and Financial Sitnation.— The

M.

state-

of the condition of the national banlis of the country on
the first of October, 1881, has been issued by the Comptroller of
the Currency, and is given below, in comparison with the corresponding statement for Jiine 33. There is a further growth

ment

in the aggregate resources

the

increa.se in capital is

and

liabilities of

about $33,000,000

;

about |3,600,O00, and in national bank

notes outstanding about $9,000,000. The items of gold coin and
legal tender notes each show a decrease.

The following is the abstract made to the Comptroller, showing 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:

Oct. 1. 1881.
J^^iwe 30, 1881.
$1,160,022,303 $1,140,,750,198
Overdrafts
4,773,779
4.,238,750
United States bonds to secure circulation
303,335,500
358,,297,500
United States bouds to secure deposits..
15,510,000
15, 265,000
United States bonds on hand
40,972.450
48,,.584.950
Other stocks, bonds and mortgages
Gl ,898.702
58, 049,292
Due from approved reserve agents
132,908,183
150,,258,037
Due from other national banks.
78,505,440
75,,703,599
Due from State banks and baukers.
19,30it,S2G
18,,850,775
Real estate, furniture and tixtures.
47,329,111
47,,834,060
Current expenses and taxes paid. .
4,,23c>,911
6,731,936
Premiums paid
4 ,115,980
4,138,585
Checks and otljcr cash items
14,786,025
13 544,110
Exchanges for Clearing House
189,268,109
143 ,950.347
Billsof other national banks
21 ,632,432
17,732,476
Fractional currency
374,18
372,140
Gold coin
00,1043,270
58,910.368
Gold Treasury certificates
5,221 ,800
137,500
Gold cleariug-honse certifloatee
43,090,000
50 .030.000
Silver coiQ
6 .482.501
6,450,387
Silver Treasury certificates
1 ,662, 180
945,590
Legal tender notes
53,158,441
58:,728,713

and discounts

United States

certificates of deposit for

legal-tender notes

Fiveper cent redemption fund
Due from United States Treasurer

ToUl

6,740,000
10,115,751
1 ,356,84

9,510,000
15,72J,OI9
1,522,849

$2,358,337,391 $2,325,833,200
I/iabilities.

Capital stock paid in
Sui plus f nnd

Other undivided profits
National bank notes issued
Amount on hand

Amount outstanding
State bank notes outstanding

Dividends unpaid
Individual deposits

United States deposits
Deposits of U. S. disbursing oHloers
Due to other national banks

Due to St ate banks and bankers
Notes and hills rediscounted
BUla payable
Total

The

local

$163,821,9=5
12S,140,017
56,372,190

$460,227,835
120 079,517
54,083,492
31 •',524,770

320,199,909
245,018
3,f'35,926
1 ,070,997,531

8,476,689
3,631,-03
205,862,945
89,047,471
3,091,165
4,664,077

6,300,918
312,223,852
242,007
5,871,595
1,031,731.043
8,972,471
3,272,010
223,503,034
91,035,599
2,220,0,53

5,169,128

$2,358,387,391 $2,325,833,200

money market has shown a hardening tendency

for

on stock collateral, and during the last few days stock
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 different, and so scarce are the
bonds offered for loaas, and so considerable are the trust an i
call loans

other funds, &c., loanable only on such collateral, that the rates
have actually become easier on government bonds, and call loans
have been made to the large dealers as low as 3 per cent, while
3J6 to 4 per cent has been the ordinary rate.
The Bank of England weekly sta,tement on Thursday showed
a loss of £133,000 in specie, but the percentage of reserve to liabilities was 38?4, 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 3,525,000 francs silver.
The last statement of the New York City Clearing-Honse
banks, issued Nov. 5, showed a decrease in the surplus reserve of
11,606,125, the total surplus being $3,104,675, against $4,710,800

the previous week.
•

60,913,500
20.005,400
292,082,500
15,211,800

The following table shows the changes from the previous week
and a comparison with the two preceding years

Dec.
Inc

154,600
60,400

.

Inc. 4,013,700

Dec.
440,600
$73,020,625 Inc .$1,010,325
76,125,300 000.
595,200

66,091,700
18,091.800
307,796,700
1 1,989,600
$76,949,175
78,681,300

33.823,800
22,341,500
231,927,700
23,480,900
$57,981,925
57,310,700

$1,732,125 def. $671,225

To-day the

considered the principal reason for higher rates.

actual rates for prime bankers' 60 days sterling were about 4 81

81>i and for demand 4 84}^ @ 4
85J^@4 86 and prime commercial

@4

85.

Cabie transfers are

4

bills

4

79M@4

actual rates fcr Continental bills are as follows

:

7fl?i.

The

Francs, 5.25

and 5.20@5.20%, marks 94@94>^ and 95, and guilders 39%@
39 11-16 and 40.
In domestic bills New York exchange was quoted to-day as
follows at the places named
Savannah, buying at % off,
selling at ^ to 3^ off Charleston, buying at ^@5-16 dis.; selling
par@>g dis.; New Orleans, commercial 300 dis., bank 100 prem.;
:

;

prem.; Boston, par to 10c. prem.
Quotations for foreign exchange are as follows, the outside
prices being the posted rates of leading bankers
St. Louis, 50

:

November

on Loudon

4

Paris (francs)

5

4

(guilders)

Frankfort or Bremcn(reichmarks)

United States Bonds.

SI 82
80 ®4 SOifl
79^a4 80
255835 24%
33=8* 39%

4 81

Prime commercial
Documentary commercial

Amsterdam

Demand.

Sixly Days.

11.

E*rlme bankers' sterling bills

Hetourees.

liOans

1879.
Nov. 8.

Exchange.— Foreign exchange is firmer, and quotations show
an advance over last week. The small supply of commercial bills
is

3 to Nov. 9

1881-3

1880.
Nov. 6.

$3,104,075 Dec.$l ,606,1 25

Surplus

Nov. 11 to Dec. 1

11,

Ditfer'neesfr'm
previous week.

Loans and dls. $313,350,900 Inc .$4,096,400 $324,370,200 $270,076,800
Specie

D

XXXni.

[Vol.

«

94

—There

9414

8i\Wi 80
4 N4 ®4 8413
4

4 83V! 3.4 84
5 205835 1939
3916,6® lOJg
91''83i

9516

has been

a pretty active
business in governr ent bonds, and the floating supply in the

market

is

becoming

scarcer.

Many

of the bank.s are

changing

off their bonds to get the continued fives, which will be called in
last ; and in addition to this, there is a good demand for bonds
from savings banks, trust companies, and other financial institu-

tions.
At the Treasury purchase on Wednesday only the insignificant amount of $2,550 was offered, and unless money grows

decidedly stringent, it is not supposed that any considerable
amount will be offered next week.
The closing prices at the New Tork Board have been as followPj
Interest
Periods.

continued at 313.
continued at 3*2..
reg.
l^as, 1891

Gs,
58,

4>s8,

ooup.

48,
48,

1891
1907
1907

ooup.

68,
6s,
8s,
68,
68.

cur'oy,
cur'cy,
cur'oy,
cur'cy,
cur'cy,

1895. .reg,
1896.. reg.
1897. .reg.
1898. .reg.
1899. .reg.

*

This

is

reg.

J.
C
<.

&

J.

.-Feb.

.Vol!.

5.

Nov.

Nov.

Nov.

Nov.

No-J.

7.

8.

9.

10.

11.

I01i« '10118
102

102

"112
.-Mar. •112
,-Mar. •113
>U3
.-Jan. 110>t 1163s
,-Jan. 116it II6I4

r.
J.
J.
J.
J.

&
A
&
&
&

J.
J.
J.
J.
J.

t..

a

•130

-130
•ISO's 'I3OI3
•131
•131
•131i« •132
•133
•133

the price bid at the morning board

K

;

*101>4 •10114 •IOII4
102 1^ •10218
102
•11218 •11218 11218
11338 11338 11338
U6i« •11013 II7I8
116=8 11631 •117

•130

•130

•130

'130i« *130i« •ISO's
'I3II3
•131 131
•132 •1311s •13212
•133 '134 •134

no sate was made.

—In Southern State

bonds there
the Arkansas railroad bonds. North
other low-priced securities, and the
the
principal sales have again run on the more standard bonds,
Teonessees and Louisiana consols. To-day Tenneasees sold at
"
seller 30," and South
72;^ for old, Virginia 6s deferred at 19)4
Carolina 63 non-fundable at 12MRailroad bonds meet with a steady and well-distributed business, and the old bonds which are not subject to " drives,"
washed sales, and other speculative manipulation, hold their
prices very steadily.
Auction sales are given on the preceding page.
State

and Railroad Bands.

has been

less activity in
Carolina special tax, and

—

Bailroad and Misciellaneous Stocks.— The week has been
broken by the occurrence on Tuasday of the general elections, as
election "day is now a "bink" holiday in New York and in
several of the other States. The voliime of business has not
been excessive, and prices have been quite irregular. The closer
working of the money market has apparently not had much influence on prices. A feature of the wesk'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 manipulaThe gross earnings of the railroads are well kept up, contion.
sidering the acknowledged deerea.se in the corn and wheat crops
this year, but the earnings per mile frequently show a decrease,
and as expenses are unquestionably larger tnan last year, the
net earnings per mile would also in those cases show a decrease.
elevated stocks are all to be consolidated int« Manhattan
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 price! for transportation will be obtained.

The

stock.'of

NOVEMIIKR

THE CHROiVlCLE.

12. 1861.J

RANGE

AT THE

IN PRICKS

N. Y.

521

STOCK EXCHANGE FOR THE3 WEEK, AND SINCE JAN.

DAILY HIGHEST AND LOWEST PRICES.
Hmnrnay,
Nov.

KAII.KOAIIS.
Albnny A suMqiu'Iiiumft
BoatonA N.
Do

BntTnlo I'lltKlmrgA Wcuforn...
<°(><1i>r Kaplitu A No.

C'Mlor FuIIh A MlnnesoUk
eutral Inwn

Centra! of Now Jeraoy
CeutrHl rncltlo
ClioMipfake & Ohio
1 Hi pref
l>o
'2A pref
Oo

Alton
pref

Do

R2

82

82

0*',

t)4>«

64^

82

Mh

'82

63^66'

95 »» 9«'8

9B'« no
OS's 90 Hi
06 ^ 06
9i\ 96 '4
20
•28»4 29
20
40>4 *0'i
41
41
80 "a 30', SO>g 30%
131
laiSi 131>!il32
140
138m 139 "4 140=4 141

pref.

Chicago Rork IkI. A PaciBc...
Chicago Ht I.. A New Orleans.
Chicago St. rnul Minn. A Om.

Do

pref.

Sandnsky

Cliiolnnntl

A Clev...

Cleveland Col. I'in. A Ind
Cleveland A rltlsljiirg guar

ColumbuH Cliir. A lull. Coutral.
Danbury A Norwalk
Delaware l.aekawauna A
Denver A Kio uraude
Dabiiquo A Sioux City
East Tennessee Va.AOa

96',

061a
2UI4 29 ^V
41
41
•80
31

132^132^

Do

A

Nashville

Cincinnati,

Do
Memphis A Charleston

A

Chic.

st pref.
Zd pref.
1

is.iijiss',

H2

S5

"d

86

80

41»8

103 103^
5S
8B><
04 13 96
139
21 >4 21 >4

103 !«
65
"94
21

41'f
103'..

66 '5
90
140

A St. L.
New York Centi-al A Hudson ..
New Y'ork Elevated
New York Lake Ei-lo A West..
Do
prefNew York Now Haven A Hart.
New York Ontario A Western ..
Do
prof.
Norfolk A Western
pref

Northern Pacific
pi-ef

Ohio Central
Ohio A Mississippi

Philadelphia A Keailing
Pittsburg Ft. WaynoAChlc...
Rensselaer A Sai atoga
Rich. A Allegh., stock trust ctfs.

A Dan vilie
A Piltsbui-g

Richmond

Rocliester

]4'(

A San Francisco

,

Do

St.

Paul

pref.

A

Do

.

..

Istpref.

Duluth

27»4

96

961,

96'^

96!^

!

Do

pref

mimceli.aneoijh:

American District Telegi-apb
Ueiaware A Hudson Canal ...
Hew York A Texas Land
Oregon Railway A Nav. Co
Pacific Mall

Pnllman Palace Car
Hntro Tunnel
]
West. Union Tel., exccrUflcates

Adams
Wells, Faigo

A

Co.

.'.

AND MIMNti
A

Iron
Consolidation Coal

Homestake Mining

Uttle Pittsburg nflnlng";;'
Mariposa Ijind A Mining
Coal..

Outarlo Sliver Mining
Quicksilver Mining ..'.'.'.'..'.

Do

prof

Standard Consol. Mining

'

Camenin Coal

Central Arizona Mining".""
Deailwiiod Mining
Excelsior Mining.

NcwCentralCo^

21

21

127%

128=,,

1.

83 '8 86
1614

17

H) 125 14
12818 120=4

142>3l44
136=4 137 '4
41=4 42%
103 Hi 104
68
69

93% 93%

931a

03=4

"21%

"221;,

21%

138=4
2218

12818 12813

127%

128=4

X....

32 'e
61

i

19',

132% 132'^

51 li
lOHi 19 'i

47
121

95 '7
67 '4

Rlh 52 '4
251-j 2ah
18

18

OS's

9f.h

69
60
52 -a 53
18

18

18

76
98

101'.

04=8
el's

96

94=8
el's

95
52

39

39

90'4

"k

90a.i

170
32^4 33

I'JO

1391a 1403t

109
47-4
9034

170
33

110

48\

70

02
43

441.

106% ;07
39 't
1251312515
84 V 8413
139 140
38=4

n

109% 109%
47 '4 48 H
9113

913^

33 ij

22=4

04 'e
52

9313

42at
42 "8 43 ".J
loo's 106 107
38=8
38V 39

47

71
68=B

18

76
100

IIOI4

90

70

2314

'-4

110
47

95 '4
62'e
22=4

98

140's'.40»i,

122=4
5514

23--4

97'.jl01'..,

01',

65I4

o
W

170
32=4

921a

170
33=,

56

65

65

40

40 '4

67 14

56 '8 5713

40

40^

40'<

8218

820i,

S'i't

27
27 \
42 "2 42 'b

81 'b
•iTn
1218

27 'e
42 13

82
27 'b

26

25=4

20

40%
82%

26 "2

41
41=4
42
68 14 081a 67 'b
138 138
ISOV
140
4II3 411s

41
115

42=4
68^8

139 '4
140

85',

86

100

17
28

36,084
8,500
6
1,800
5,006

47

19Hl

19Hl

46=4

46=.

121=4 122iv 121

90=4
7418

96%

55%
23-.4

57=4
23=4

1013

1013

76

Hi

66

96
70
66 Hi
23 14

03 Hi
80
69

78
99
94
62 14

44 H:
106% 107
38 Hi 39
126 126
84 14
84
139'8l40H;
109 109=4
47% 47 'i,
92 Hi 93 14
170 174
33 '4 33=4

43

43=4

122=4

65

76
76
100 Hi 103
94 13 95 14
52'.
52

23=4
78I4

101

Hi

95%
6318

44

106% 106 's
38

39

126'4 126:4
n4Hi 84Hj
1.38Hi

140%

109 1091,
46 14 47 Hi
02=4

93=4

170 170
32 'e 33 Hi

4OI4

4118
82=,

56i« 56'8
41 14 41',
82', 83=4

28

27=4

28

42^4

42

4218

27I4

27

28

42%

43H!

56 Hi 57

42=,

26

27 le

26ii

41!>i

11934

42 13 44 14
67 13 68 14
139

43
43
116l3ll7l2

WUverclitr Mining
Wtoniiont Mining

43% 44 14
68 14 68',
138 139
43 14 43 >,

xll4HlH8

2914

31

31

31

64

64

53

63

46^ 46 14 46 >3 47
70 13 71
71
71
107 107
108 "1 108 la
109

110

64 '8 5718

110
67I4

36

110=4

i9h
35

24I4 241a
24 14 24\
120=8 121 14 120 "a 121
48
48',
4818 4894
89 \ 90 14
89ii 90=8

68
68
1091a 109'8 10es4 109=4
•41
•38
47
....
167 170
172 172
44=4 4618
44=4 40^4
1311a 1301, 130111
lia

86»4

87

87

133
611a

•18

52°.

20

87=*

•39
169
46

14
61
•221a

38

1014

61
23

87^8
'143
97

76

76

1913

39 't

1=8

1=8

lia

IV

40

10<a

12^

22
401a

•l"a

1=8

*6»l.

7

52=4
'34
•181a

•22
•36
15

61%
•21=4

I6OI3 189
46=,

88

46=4

71
loa

11214112=4
56=4 68

34%

34=4

24 '4 24 14

120% 121 Hi
49
49%
89 14 90%

•40

170

45

170
45
46Hi
131

87Hi

88I4

148
97
76
135

143

63

53
•S3
•18

I9I3

25
36 Hi
Ifli.

63
22

40%
1% 1%

40

"a

9»t

46Hi

119

170',
46=,

131

87

87%

146 •143 148
96
06
95Hi 96Hi
7314 73 14
73Hi 73 Hi
13313 133 Hi 135 135
63 1«

20

2%

10

9^4

•36
iei4

37

•33
•18
•2I3

•36 Hi

I6H1

63"

18V

63

21%

21«i

63
22
40

40 le 40 14
•ll-J

•7

Hi

n%

lOHl

26=4
9Hl

1%
1%

7Hi

1%

•6%

1%

26%
10

174,470

20

10

161.

64
22

40

110
6,270

1%

10
12
Jan. 25

Aug. 20
Mar.
CIrt. 20
'.i:^

Apr. 21
Feb. 26

83'ii

May
May
May

«%

26

81%
39
87

90%
97%
36%

14

14
86 («
14 17
37*4
166 Jan. 6 99 <a 169%
163 Jan. 7 117 160
1824 Jan. 17 18 183%
96 May 17
29 14 June 6 66 <a 114%
140 May 26 99
124%
130 Jan. 10 87% 130
147 Hi Jan. 17 104
146%
48>4
36'i

101 Hi
116=4 Oct. 12
1 17
Feb. 25
13118 Feb. 2H
129 Feb. 26 148% May 21 00 13 204
40 Jan. 4 88 May 23 23
48
38=4 Aug. 22 51
Jan. 22
91
Feb. 25 lOOHiJan. 24
41 Hi Feb. 1 68 14 June 22
81
Feb. 26 01=4 May 23 61
96%
127 14 Jan. 29 142
May 10 106% 129%
18=4 Aug. 20 32 '(May 20
OHi 26%
60 May 12 77 May 24 60
63
107 Jan. 4 31
Mar. 9 68% 110%
78% Oct. 12 113i4June 7 61% 86.%
76HiApr. 8 88 Jnnel4 60
13
Sept.22 21 Ang. 4

25
64

Oct

n

Nov. 10

44% Jan.

4

33
64
360

Ang. 6
Nov. 10

20% 42%
95 139%
20

34

77
30
21
30

174
109

67%
60
3% 18
2% 12%

29 >8 43
83 121
75 130%

28% 19%
12
29%
100 123
47% 128
122
109

30
47
155
20
70

20

89% Jan.

l->6%

127%

61%

93 *•
180

32%
86?
36

39% 67%
14
38%

44%

23
67=,

103

28%

18

13% 72%
112
111

129
139

15

43

35

42% 113
26 '4 48
66
33
60 100
40
25

79%

60
67
80

47%

80

113%

26% 48
61% 88%

Jnne29 74% Feb. 12 60
4 115% Mar. 7 60

46

81

92%
SO

Nov. 4 62 '4 Feb. 18
44
Ian.
3
300 12714 Oct. 21 151
2%Apr. 12
900
Feb. 6
1
60,697 77 Apr. 9 94 June 20

27% 63

Jan. 16 49
Jan. 3 190

60 120 Jan.
627 62% J an.

220

61

6 112

"ibo
300
60
4,800
3,000
160
11,000

160

26
Feb. 21 102

Jan.
Jan.

AaeeMinent paid.

147

107% 146

%

l%Nov.

6% Sept. 17

%Nov. 9

35

Oct.
9I4 Nov.

SUJan.

4%

6 163 Oct 18 106% 133
66%
6 97% Oct 26 64
66
4 77 Oct 28 43
4 143 June 18 100 118

35 Jan. 3 67 Jnne 7 19%
30 Oct. 16 43 Jan. 16 38
16HiJuly 16 39% Jan. 4 36
8% Feb. 7 !'•
I'sJan. 6
9 Anr. 33
8%
=4 Jan.
4
30 Oct. 8 36 May 27 16
33H>Jan. 10 38% June 10 SO
8
12HiSept. 7 21% July 7
63 Jan. 5 76%July 7 4S
21
Aug. 6 27 Feb. 17 30
26 Apr. 27 46% May 26

1,860

13,136

Hi

6
9
11

l%Fali. 88
t

May

00

68,430

'.""

Those are the prices bid and aaked— no sale was mode at the Board.

48'8Jnnel6

130

Ang. y

160

10%

30% Jan.
83% Jan.

30
2,342 136

7

IHi

May le 100
Oct 18
7IHiJnly 18 87

6 181
13 80

Apr. 7
Feb. 36
Feb. 24

1,600 38Hi Jan. 4 65=4 June 2
82,737 117 Oct. 12 135=4 Jan. 20
180 44 June 4 63 June 30
16 Hi Jan. 26 38 Feb. 21
42 Jnne22 48 J one 23
7.250 79 Feb. 25 llOHlMay 18
767 50 Oct. 27 117Hi Junell
27,245 lOVAug. 9 59
Nov. 1
435 18 Oct. 10 69% May 26
800
9 Jan. 4 24 May 2
300
May 21
6 Jan. 7 16
2,000 41
Feb. 18 93 June 13
11,830 77=4 Sept. 5 126 Feb. 14
33.700 86 Ocl
126HiJan. 20
3,000 42 Mar. 22 64'8Jnne 2
100 39 Nov. 6 09 May 27
88,22c 36 '8 Oct. 6 54 May 21
14J)00 85 Jan. 28 114HiJanel4
12,126 I8I4 Feb. 26 !i9=4 Jnne23
500 118 Feb. 26 131 June 3
3.900 63 Jan. 6 102 Mar. 21
28,764 135% Oct. 19 155 Jan. 3
1,925
96 Aug. 25 130 Hi Feb. 15
261,648 41=4 July 26 52 '8 Jan. 15
12,865 80HiJuly 27 95 Jan. 10
72 164 14 Mar. 25 190 June 13
24,611
27% Aug. 22 43 K) Feb. 2
70 May 14 90 Jan. 20
23HiJoly 14 26 Aug. 2
6,675 63 Ang. 26 70 May 26
13,047 32=4 Jan. 13 51
Mar. 17
38,115 6418 Jan. 25 88%Jniie24
6,850 23% Jan. 5 37»8May 21
1,750 36% Aug. 22 60 Sept. 9
May 21
97=4 Jan. 8 126
6,100 18 Oct. 12 37Hi JunelO
19 190 Oct. 17 200 Oct. 13
14,265 27% Jan. 4 57 14 June 22
16,460 60 Feb. 25 74=4 Oct 4
36 127 Jan. 19 142 May 17
25 130 Jan. 7 146 JunelO
1,600 35
Oct. 10 80 June23
1 1,055
99 Hi Oct. 20 119=4 Nov. 7
2,209 25 Is Aug. 26 50 Juno 18
26 Apr. 1 50 13 Juno 3
600 39 Feb. 28 77 Hi .May 1
86 July 19 143=4 May 25
3,400 39 Mar. 24 65 June 14
1,205 61 Jan. 4 81 <4 Juno 3
1,364
00 Feb. 25 llOHi Juue29
200 26 Feb. 9 42i3May 4
1,200 70 Mar. a 89 Hi May 25
1.260
88 Hi Jan. 7 113 Nov. 10
155,275 41 Hi Jan. 4 47 '4 May 23
1,100
Nov. 10 73% June 14
34
3,300 20 OcU 29 38
May 13
64,304 105 Hi Feb. 26 131=4July 2
83,148 39 Feb. 25 60 June 30
41,002 77 Feb. 36 96 >4 May 16

2%
.16

Low. Blgt

Ifl«ii*M.

Sept. 11 22 't 60'«
94 Feb. 26 121 Sept 17 63% 106
197 Jan. 8 250 May 23 168 200
100 63 Feb. 20 106 June 18 40=1 91%
12,700 124 Jan. 4 UOiaMay 21 99% 127%
18,052 38Hl Aug.18 57 Hi May 19
310 14 Jan. 10 30i4Jnne 2
9
20%
41
Jan. 4 56 Jan. 27 25
43%

7,788

2=8

•36
3613
16
16>!i
ei>a 611a
•2113

49=4

•35

...

1291313:

'134

•aia

23
36

34%

89 Hi 90=4

'2Hl

23
36

5914

120 Hi 121
4OI4

43Hl 43Hl

118

71
108 ii 109

78 Hi
113

68%

51
61
65
5a
lOOHillOV) llOHilOl'8 IIOI4 111

160

6218 63=8
10H>

46=4

68

l".-

95:4

76
135

46I3 47
46=4
71
71
308i3l08>3 108 Hi
3013 31
76I3 78',
77
11013111
113
68
58
59=4
34
2414 24%
II9I3 120=4
48% 49=4
8918 90i»

4,259
4,910

I6H1

•42

137

11, ,300
10,20<)

17

82
27
42 14

28

34,697
1,412
69,090
6.905
3.102
2,422
7,860

Por FaU

1881

SOHiFeb. 36 102% Jane 18

90

161a

47

Jan.

1,

56>4 0ct. 12 00 Jan. 14
16 Jan. 18 40igJane3O
31
Feb. 6 46
May 2S
83 Hi Jan. 4 113 Feb. 17

23
1,470 127
140
13,880 136

84=4

87
87
135 136%
53 Hi 64=4

46
37
69

618

8«

28if

47

82,068
39,400
1,668
1,246

86 13
86

13213 13313 133'8l37i3
51=4 63I3
62=4 65

60H

638
9.100

Jao.

,Lowe«t

3e%Oct

300

86

85=4

27 'e 28 14
27%
04
64
9618 96 iv
96% 90 "3 96Hl 96Hi
114 114'e 114 114
114 114
271a

.

Roblnaou Mining

'

do's
67^4

9514
•74

.

Colora.to Coal

Maryland

OS'i,

140

114

14413148

American
United states

COAI,

114

123

127=, 120H,

..

pref

Paul Mlnucap. A Manitoba
Texas A Pacific
Texa.«i A St. Louis
Toledo Deiphos A Burlington
rulon Pacific
Wabash St. Louis APacinu
St.

.

122

OS's

lah

2558 2G

110'4ll5

Rome Wateitown A Ogdcnsb'g
St Louis Alton A Terre Haute.
Do
pref.

„ Do

134

143Hi 144=,

pr<if

Ohio Southern
Panama, Trust Co. certificates.
Peoria Decatur A Evau.svllle...

Louis

184%

:34

21-.

>»

14'e
261s

105 '8
38

Mobile A Ohio
Morris A Essex
Nashville Chattanooga

St.

31

123

41^4

MiHM4)uri racltlc

Do

•30H(

122

7.T

Milwaukee A Northern
MiH8ouri Kansas A Texas

Do

SII4

20>4

140
UOHi 143 i-i
130 '8 134131 35 'b
•84
80
41=4 42
42
42=8
103 1031; 103 14 104
55
59
68=4 59=4

4714
47'9 47'a
47
122»6 123'4 121 'a 123

Metropolitan Klevatod
Michigan Central
Milwaukee I,. Sh. A West.. pref

Do

4-

90V 97%
9014 07 U
•29
29%
40% 41

pref

Louisville New Albany
Manhattan
Manhattan Beach Co

Marietta

es

145

pref

A

97%
97%

Si's

133

126=4 127=4

89 '8 89 '8

Lake Erie A Western
Lake Shore
Long Island
Lomslana A Missouri River
Loalsvllle

96=8
95=4
2918
4II4
31 14

>9

122

13214
48»4
19'»

Do

64

14U
135

Illinois Central

Keokuk A Dcs Moines
Do

81

64',

126=8 127«fc
ISO's 140
185=4 135'4

113'all3'4

West., new.

81

e4<a

l:t9'4 1393,

216

A

81

IOHHiUO'b

Harlem
Houston A Texaa Central
Imllana Uloom'u

65

108=4 109=4

14!i,

pref

theWMk.
SbWM.

130
63 H.

140^14814 143

•80

A Terro llante
A St. Joseph

66

63

108% 108 '(

Kvansville

Hannibal

II.

108 =« loo's

70
70
Wefit. 127 »» 128-< 127 '3 128
83 '4 85 '4
81=8 BiS'e

pref.

Nov.

lOS'ilOO't

Northwestern

Do

8,

Friday,

130

pref.

A

Do

63

Nov,

'.J

Chicago niirllDRton A Qiilncy..
Chicago (% KflHtci-u lIUiiolH
Chicago Milwaukee & Kt. Paal.
Chicago

63

. .

Biirlliiftton

A

1

RklMOt lUng* Blnee

WwlneMtay, Thnrwiinr,
Nov. 9.
Nov. 10.

12S
pref

Do

Tiie«<I»T,

Nov,

.-i.

Y. Alrl.lne

Caimdn Boulhem

Cbicago

MonAay,

1.

7
14
7

36%

Feb. 14
Jan. 3
Jan. 8
Feb. 9

1.1% Oct 29
7
Apr. 13
4
Apr. >»

3

43 <

38%
30%
89

4%

87

a»\
84%
78
S«

>

86%
86%
86

3%

8%l

6%

*H

THE CHRONICLE.

522

fVoL. XXXIII.

QUOTATIONS OF STATE AND RAILROAD BONDS AND MISCELLANEOUS SECURITIES.
STATE BONDS.
SECTJKITIES.

SECURITIES.

Ask.

BUl.

80

Class A, 3 to 5, 1906....
Class A. 2 to B, small
Class B, 6s, 1906
Class C, 48. 1906
68,10.20s, 1900

68,
78,

6s, old,

68,

103
109
109 "a

due 1886

Arkausas—
68, funded, 18991900.
Ft. S. iss.
7b, L. Rock
l^.Rocl<
7s, Memp.
78, L.R. P.B.&N.O.
78, Miss. 0. <fcB. R. KR.
7s, Arkansas Cent, RK.

no.. inia

S5
28
31

.

&
&

KR
RR

6s,

"32'>^

311a

'W
105

Connecticut— 6a, 1883-4..
Georgia— 68. 1886

20

107
111
111
116

78, endorsed, 1886
7s ffold 1890
Loaisiani^-

iii"

69 "a

01%
ni2

&

N.— l8t,6a
Iowa— Ist, 7s. '99
O.— Pur. m'y fd.

105
116

101
102
84 ^s 86
681
57
124
104

6s, gold, series A, 1908.
6s, gold, ser. B, int. del.
68, currency, int. def .

V

.

& Alton— l8t m..

Income 78, 1883
Sinking fund, 6s, 1903..
Joliet & Chicago— 1 st m.

& Mo.— 1st ni., j?uar.

m

l8tm.,'83
Consol mon., 7s, 1903..
58, sinking fund, 1901

B.I.& P.-63,coup.,1917

M.—

127
105 U

103
105

tlOO

107

"id"'

116

111

1886

114%
1131..;

106

11812
115
114
107

Leli.&W B.— Con.g'd.as. 1093, 110
Alh. Dock & Im.— Aas'd. 136
137
1921

M. & St. P.— lat.88,P.D, 132
2dm..7 3-10, P. D., 1898 1'20

135
121

O.

121
121

lat m.,7e, $ g., R.D.,1H02
Ist m., LaC. Div., 1893.
l8tm., I. & M., 1897....

123

Istm., I. A D., 1899 ....
l8tm., C. <& M..1903
Consol. 7s, 1905
2dmoi-t.,78, 1884...
1st, 7s, I.& D. Ext.,1908

iiaT
121
1'23=4

8. W. Dlv., 1st, 63, 1909.
Ist, 58, La.ifc Dav., 1910.
Ist S. Minn.Div.,li8,1910
Istm., H. <fc D., 73, 1910
Ch.& Pac. Div., 6s, 1910

106%
115
107

l8t Chic.& P.W..5b,1921
Min'l Pt. Div,, 5s, 11)10

1241,

105
122
107
99
106^8
120
110
982,

1885

97
111

t

Interest bonds, in, 1883
Conaol. bonds, "73, 1915.. tiso'
Extension bonds, 7s, '85
Istniort., 7s, 1885
Coupon gold, 7s, 1902... tl25
Keg., gold, 7s, 1902...
t....

Sinking fund, 6s, 1929
Sinking fiind, reg
Sinking fund. 58, 1929
Sinking fund, reg

107

iio'

127
'4

107=4

Iowa Midl'nd— 1 st m.. 8s

Galena & Clilc.— Exteu. tlOlia 102
Peninsula— 1 st ni., eon v.
1'2B
Chicago & Mil.- Istm..
123
Winona & St. P.— Ist ni.
110
2d mort.,78, 1907
120 >a
0. C. C.& lud's— l8t,7s,s. f,
120
Consol. moi't., 7a, 1914
St.L.<feN.O.~Tcn.lien,7B
Istm., con., 78, 1897...
C. St. P.M.* O.—Coua., 6a

121
111
111

C

la

Registered

Funding 58 1899

Do
Do

10934

Chic.A E.lll.— lst,B.f.,cur.

111

7b. conv. '92

Mort. 78,1907
1241,1
Syr.Bing.A N.Y.— l8t,78 (122
Mon-18 & Essex- lat
(.134
2d mort., 1891
Bonds, 78, 1900
780f 18711901
118
1'24%

Del,&H.C.— l8tln.,7s,1884 107
Istmort., 78, 1891
lat mort., ext., 7s, 1891

iie'ia

125
138

117k

Mich. S.—

Pigtot-lst

Consol., coup., l8t., 78
Consol., reg., Ist, 7s...
Consol., coup., 2d, 7s.
Conaol., reg., 2d, 78 ...
Louisville. & Nashville
Consol., 7s, 1898
2d mort., 7s, gold, 1883.

Cecilian Br'cli— 78, 1907
N.O.&Mob.-lst,68,1930
E. H. * N.— 1st, 6s, 1919
Gen'l mort., 63, 1930
Pensacola Div 6s, 1920
St. L. Div.— 1st. 63, 1921
2d mort., 3a, 1980
Nashv. A Dec. — 1st, 7s.
S.A N.Ala.— S.f.,Bs,1910
Lebau'n-Knoy.— 6h,1931

—

i0(3

.

131
129

l8t,cons., guar.78,1906
<ft Sar.— Ist, coup. ti34
Ist molt., reg., 1921
.

1141a

Ist. consol., 78. 1910
109^8 109 la
Dcnv.So.P.* Pac.-l8t,7s 103 a, 104 Hi
E.T.Va.&Oa.— Istcona. 5^
871a

Sirto— Ist mort., extended. tl26

8d mort., ext'd Ss, 1919 106
8d mort., 7s, 1883
104
4th mort f ''ti .r.o^iponl 17 "a
'

1

,

t

131
127 "a
126

126
117

i-j

102

109
103

.'100

104'e 105

104
103
t57i3

117

ij.g.mcos

100
56

E. lU.-Inc, 1907

lnd.Bl.A\Ve.st.— lnc.1919

Ind sDecASpi'd— 2d inc.
110
Trust Co. certiticates.
Int. A Ot. North.— 'id Inc.
2d assented. 6.3, 1909....
Lehigh A W.B.Coal— 1888
Land gi-ant bontls, 6s. 1051a
West. Pac. — Bonds, 6a 111 111% Lake E. AW.— Inc. 7s. '99
1041,
Sand'ky Div.— Inc., 1920
So. Pac. of Cal.— Ist, 6s.

75
75

.

11314 110
123
125

Laud

grants, 78, '87-9.
Sinking funds, 88, '93
Registered 88, 1893...
Collateral trust, 68

Pac— 1st, 6s, '95
6s,

126

t

108 14
Illia

113

1890

109=4
10514

Income

A

I'd gr., reg.

A
Mob.AC—

pref. debentures
pref. debentures
4th pref. debentures.

2d
3d

. .

N.Y.LakeE.AW.— lnc.68.
110=i N. Y. P. A O.— l8t inc.ac.5-7
105% N.O. M.A Tex.— Deb.scrip

100
Funded coupa., 78, '95. 100
99 14 100
Atch.C.AP.-f8t,68,1905
100%
At. Jew. Co. AW.— l8t,6a
Utah So.— Gen., 7a, 1909 109 110
Mo. Pac— 1st conaol.. 68 103=4 104
118
3d mortgage, 7s, 1906. 111
PaeiHc of Mo.— Ist, 6s .. 107 "8 108
114 115
2d mort., 7s, 1891
106
St. L.A S.F.— 2<l, Us, cl.A (102
3-68, class C, 1906
91>-a
95
8-68, class B, 1906
911.J
1st, 63, Peirce C. A O.
103
Equipment, 78, 1895..
So. Pacific of Mo. — latm 1041. 105
Tex. A Pac— l8t.6s,190o 1071a
103
Consol., 6s, 1905
1st, Rio a.Div.,68,1930
Pennsylvania RR—

Laf.Bl. AMun.— lnc.73, '99
Mil. L. s.
W.— Incomea.
1st pret.deben.

t

90

Equipm'nt bonds,

103

s. f

771a

Ohio Ceut.— Income, 1920
Ohio So.— 2d Inc., 6a,1921
Ogden8b.AL.C.— Inc.1920
Peoria D. A Ev. — Incomes
Evansv. Div.— Inc.. 1920
Roch. A Pitts.- Inc,1921
St. Louis I. Mt. A So.—
l8t, 78, pret.. int accum.
2d, 6s, int. acc'mulalive
St'gI.AR'y-Ser.B.,lnc.'94
Plaiu Income 6a, 1896
Sterling Mtn. R'y Iuc.,'95
St.L.A.AT.lI.-Dlv. b'uds
Tol.Del.A B.-IUC63.I9IO
Dayton Div.—6s, 1910..
Tex.ASt.L.— L.g.,lnc,I920

Miscellaneous

92

Pitts.Ft.W.A Ch.— Istm
2d mort., 7s, 1912
3d mort, 7s, 1912
Clev. A Pittsb.- Cons.s.f ;i24
4th mort., 6s, 1892.... 114
Col. Ch. A I. C- Ist, cons 110
2d con., 78, 1909

140
133=,

128

:08

Pita.B'd. AB.— lat,68,191
Rome vV.vfeOg.— Con., Ist.

97

105
St.L.V.AT.H.-lst,g.,7s (118
2d mort., 78, 1898
2d m..guar.. 78. 1898.

L.S.AW.— I8t63,1921

& T.— Gen., con., 6k
Cons., assented, 1904-6.
2d mort., income, 1911..
H. A Cent. Mo l8t,'90.
Mobile
O.— New m., 63
Mo. K.

—

A

BellevilleAS.Ill.— Istm.

Morgan's La.ATe.x,l8t,68
Nash.Chat.* St.L— Ist, 7b
2d, 6a, 1901
N, Y. Central-68, 1883
63, 1887

97
96
70
85

96
72

97%
72%

61=4

63
62

56

53% 54
48% 49
jSo

81

41

81
44

98
89

99%
89%
40
65

30

40

i30

List.

Bost. Har. A E. new stock
Chic. A Can.So.— 1st. g., 78
Cin. Ind. St. L. A Chicl8tmort., 6a, 1920

Des M.A Ft. Dodge— Ist.Os
Galv.H.A Ilen.— 78,g.,'71
Gr. Rapid3A Ind.— Ist, 7a
Ist mort., 7s, guar

Ist, Tr't Co. ctl8., ass'd
2d, Tr't Co. ctf8., aas'd
lst,Ti-'t Co.ctfs.,8uppl.

}103
96

Jack. Lan.A .S— 63, 1891
Mil.ANo.— lst,4-6-68,1910

76I4

(Broker's Qiwtations,)

c.

Ex-land grant
Stock

Kansas A Neb. — Istmort.
2d mort
Long Island— l8t mort..
2d mort
Midland of N.J.— lst.new.
Income, "A"
Income, "B"

.

i96'a
101
i02=.

2%
45

2'',

52

101% 103%
84
116
IIO
102

110
86

106
18
85
•24% 29
15
80

112

110

115

91% 93
13% 14%
8% 10
27
65

18
90
34
20

89%
108
110
78
46

116

StP.Miun.A Man.— lst,78 110

88,'83

1§09
Coupon. 68, 1931
Registered, 5s, 1931
68,

36
85

65

Boch.A Pitt.-lat,03,1921
Rich.A AU'g.— l8t,7s,1920 105 107
20
Stock
Rich.ADanv.— Cons.g., 68. 1021a 102 'e N.Y.AO'nw'd L.— l8t,78,n 60
100-1.
Scioto Val.— Ist, cons., '78.
108
14
mort
2d
104=i St. Louis A I. Mount.— l8t (i'lsii 117
88%
St. Joseph A Pac— Ist .m
106
108=. 109%
2d mort., 78, 1897
Louiav.N.Alb.&C— lst,68
2';
mort
2d
Arkansas Bi*.- 1st mort.. 112
Manhat.B'ch Co.— 78.1899
16
St. Jos. A Wcst'n- Stock.
111=.
Cairo A Fulton— l8t m.
N.Y.A M.B'h-lst,7s,'97
Tex. A St. L.— lat, 68,1910
Cairo Ark. A T.— Istm. 112
Marietta A Cin.— Ist, 78.
Utah Central— 131 mort. 106
Gen.c.r'vAl.g.,6a,1931..
87
Ist mort., sterling
87% Utah Southern— 1st mort 109
Metrop'Iit'u El.— lst,1908 103=8 103=4 St.L.Anoh A T.U.— Istm. 114
77%
Wi8.Cent. — Ist series, new
93
2d mort., 68, 1899
2d mort., pref., 78, 1894. 108 112%
44
2d series, new
Mich.Cent.— Con.,7s. 1902 122
2d mort., income, 7s, '94
107
1st mort., 8s, 1882,

105

114

tlOO
103
Sandusky Div.. 68, 1919. 100
Laf. B1.& jr.— Ist, 6s, 1919

Sontliern Securities

2d mort., Os, 1909
1051a 106
98
Dakota Ext.- 68, 1910
106
(Broker's Qtwtations.)
*
lOOis St. P. A Dul.— lat,58,1931 100
STATUS.
112
t
Tex.Cen.— lst,.s.f.,73, 1909 96' 108
So. Car.- Consol, 68(good}
Tol. Del. A Bur.— Main. 6a
104
106
Browne, cou8ol
102 103
l8t, Dayt. Div., 6s, 1910
92
48
60
Virginia— New 10-40s
90=4
lat, Ter'l trust, 6s, 1910
1071a W. St. L. A P.— Gen. m., 63
98% 98%
RAILROADS.
80
Chic. Div.— 58, 1910
92
92 •< Atl. A Gulf- Can8ol.78,'97 tllO 112%
Hav. Div.— 63, 1910
1081a
102
Atl. A Charlotte— Ist, 7s.. 110% 111%
(1121.. 1131a
Tol.P.AW.— l.at, 78,1917
92
117
Income, 6s
Waba8h— Mort. 78 of '09
79% 80
107%
St4>ck
117=8
Tql. A W.-lst, oxt.,7a lllia
96
97
Car. Central-lst, 6s. 1923
.

10314

Ist, St. L. Div., 7s,1889
2d mort., ext., 7s, '93.

110

Equipm't bonds. '78, '83

6s, real estate, 1883...
102
68, subseription, 1883
N. Y. C.
Ist m.,cp. 1351a 135=4
1st mort., reg.. 1903 ..
Hu.lB. R.— 7s, 2d, 8. f.,'86 111
il5"
118 13
Canada So. lat, int. gu.
99
Hailem— Ist ni., 78, cp.. t.... 134
1st mort., 78, ieg.,li)()0
120
N. Y. Elev'd— lat, 78, 190(1 118\ il8=8

Bens.

A

108% E.T.Va.AG.— Inc,68.1931

Pa. Co's guar. 4 "as Ist
Registered, 1921

i

A H.—

—

116

lc..-M.l'.o...>l.—

107^2 Chic.

A Ev.— 1st, 63

AW.— 1st. 68.1919

126'

l8t mort., coup., 78, '94 ni5
1st mort., reg., 7a, '94
t
Ist, Pa. Div., cn.,7s,1917
l',!8ia
Keg., 78, 1917
)i2'7>6 128 la
Alb. (& Susq.— Ist m., 7s
2d mort., 7s, 1885
i05=i8
i05

& Rio Or.— l8t,1900

& W.

small
registered

108
Evans. Dlv., Ist, 63, 1920 *102
Pac. KRs.- C.Pac— G.,68. 116
San Joaquin Branch.. 108
104
Cal.A Oregon— Ist ni
State Aid bonds, 7s,'84
Peoiia Dec.

Den.Div.,6s,ass'd,'99
1st cons., 68, 1919...
Cent. Br. U. Pac— l8t,68

N., 88, 1915

Det.M.A T.-lBt,7s,1906
Lake .Shore— Div. bonds 123

Mil.

103 i-i

C.8t.P.&M.-l3t,0a,1918
No. Wise.— Ist, 63, 1930.
St.P.&S.C— lat, 6s,191»

Istm., consol., guar., 73

Kal.

721,

72 >a

19H 19^

Columbia—

Panama— S.F. sub.68,1897

Istm.,

Mich. So. A N.l. s.fd. rs 108 109'.
Cleve. &lol.-i-ink. Id. tioya*
New bonds. 7s, If 86. 4107 iio'
Cleve. P. & Asl) - Is ..
123 la
Buff. & Eiie- New bds
BuSf. <fc Slate Lice 7s.

L. Erie

133

&

—

Distiici or

ii
106

35
35
35
110
75 >a So"
42

68, new, 1867
6s, consol. bonds
68, ex-matui-ed coupon..
63, con.sol.. 2d aeries
6s, deterred

115

coupon, 1893-99

Eans.

112
109
114

Kenfky Cen.— M.,6a.l911
Lake Shore

7218
71'*
7Iia

3-658, 11124

Union Pacific— Istmort. iif'u
tl04ia 105
107=4 108

.

Waco *

12i<4

104

.

125
118

Ist consol., assented. '99
Conv., assented, 1902...
Adjustment, 73, 1903...

nominal.

1888. tll2ia'
1271a 128

92
82
83
2d mort., 3.4 5-6s, l'jn9
Indianap.D & Spr.— lsl.7a 104% 1041-2
Tnt.&Gt.No.-lat. 68 gold 107 14 1071-2
95
Coupon, 6s, 1909

ios'-j

Central of N.J.— lstm.,'90

* Pl-lees

"9"

89

1910

(

.

iVi.,

7s,

10612 108
131

125

68, 1917, registered
Keo.& Dea
lat. g.,58

renv.

6a,

.

B.&Q.— 8p.c.,

& W.—

68,

Gen. mort., 68, 1921..
Ill.Cent.— Dub.A S. C, Ist 103
Dub. & S. C, 2d Div., 78 110
116
Ced. F. <6 Minn.— 1st ni
Ind.Bl.<fe W.— 1st, pref. 78 125
91
Ist mort.. 3.4-5-G8, 1909

117

Miss.R.Br'ge— lat.s.f. 68

Del. L.

4s,

)

non-fundable, 1888..

6a, 1893
Tennessee— «». "Id. 1892-S
6s, new, 1892-8-1900....
68, new series, 1914

Rhode Island—

& T. H.— Ist coua., 68
Fl't&P. Marq.— M.6s,1921
Gal.Har.<6 S. Ant'o— l8t,6s
2d mort., 78,1904
Gulf Col. & S. Fe-78, 1909
Han. A St. Jos.- 8s, couv.
Consolidated 68. 191 1 .
Houston & Texas Cent.
Istmort., 1. gr.. 7s
l8t mort.. West. Div., 78
let mort., Waco & N., 78
2d, consol., main line. 8s
2d,

St. L. Jack.<& Ch.— 1st
1st, guar. (564), 78, '94
2dm. (360), 7s, 1898..
2d, guar. (188), 73, '98.

73,

1 , '98-9

class 2
class 3

South Caiolina68, Act Mar. 23. 1869

Ask.

Ohio—

1891
1892
1893

1024 Ev.

<$;

C.& N.weat.- S.I,

RR

Do
Do
ConsoL
Small

1st, cousol., fd. cp.. 7s.
2d, conaol., fd. cp., 5s.

Iowa C.& West.- Ist, 78 no5

58,

1868-1898.
J.&J., '92-8

A.&O

Special tax, class

1887
68, gold reg
68, gold, coup., 1887
68, loan,
68, loan,
68, loan

Do

New bonds,
Chatliam

114
108
108 -a

N.Y.I..E.&W.--New2d,6

66

101i<

C.Raj).la.F.<fe

C.

New York—

St. Jo., '86.
'87.
do

BulKN.Y.AE.— l8t,1916

Minn.Jl St. L.— l8t,7s,gu

C.

&

13
15
23
23
7
9
9
9

act, 1866-1900.

Do

l8t,con80l., gold, 78,1920
Long Dock Doniis.78, '93

Ala. Central-lst, 6s. 1918
Atch. T. & S. Fe— 4 "2.1920
Atl'c & Pac— lat.Os, 1910
Balt.<&0.— 1st, 68, Pik.Br
E.— Ist n\ort.
Bost. H.
Bur. Ced. R.& No.— 1 st, Ss

2dmort.,7s, 1900

Do

Funding

Bid.

Brown consnrn

RAILROAD BONDS AND MISCELLANEOUS SECUKITItS.
U7
a /-a
Ohio so.— ist
63, iy,ii.
—

(Stock Exchange Pricfs.)

La.

Funding. 1894-'95

Hannibal

Erie Continued
6th mort., ext.,

Railroad Bonds.

Chicago

due 1889 or 1890....
or Univ., due '92 112

AsvTm

6s loan 1883

i20"

68
63

Central
Cheasp.

ii'634

SECURITIES.

Ask.

N. Carolina—68, old, J.<feJ.

1883
1890

be" '83' Missouri—
80
68, due 1882 or 1883
104

Bid.

39
39
A.&
No. Carolina RR., J.&J. 140
140
Do A.&O
Do coup, off, J.<*J. 120
Do coup, off, A.AO. 120

Michigan—

Alabama-

SECURITIES.

Ask.

Bid.

107
108

Consol., conv., '78,190'7
Gt. West.— 1st, 78, '88.
2d mort., 7s, 1893...
T.— Ist, 7s, 1890.
Q.

i04i,

Ill.AS.l.— l.st, 78, 1882
Han. A Naples— 1st, 78

ibo

A

107% Cent. Ga.— Consol. m., 7s 117 I'^O
118
121
109% Stock
110
63
Cliarl'te C.AA.— Consol. 78 109
101%
108
2d mort., 78
111

ibs'ia

iof

St.L.K.C.AN.— R.c,7s (110%
Om.Div.— Ist mort., "Zs 11414 115
Clarinda Br.— 63, 1019 t
103

53
Stock
ChicSt.L. A N.O.— New 61
E. Tenn. Va. A Ga.— Ist, 73 •118
H22
Georgia Hailroail—78

tuo

6b

No. Missoui-i- 1st, 7s.
West.U. Tel.— 1900, coup.
1900, reg
N.W. Telegraph— 78, 1904
100
Spring Val. W. W.— lat, 68
1031a Oregon RR.&Nav.— l8t,68

123

124

1-^4

112

Memph.AChar.— 1st, cons. 112

114
106
107
117% 118% N. O. A Jackson— IVt, 83 112
117
118% Certlticate, 2d mort., 83 115
Istm., 68, 19(15
Noi-tlieit8t.,S.C. — Istm. ,83 125
Neva<ia Cent. — 1st m., 6s
117
(113%
2d mort., 8s
N. Pac— G.l.gr.,l8tcon.6s
110
Poit Royal A Aug.— lst,6.- 102
Registered 68, 1 92 1
103=i
Rlch.A Dan.— 1st, cons., 6s 101
INCOME
BONDS.
N. O. Pac— Ist, 63,g., 1920
94
94%
104%
Stock
Norf. A W.—G.l.m., 68,1931
104 14 (Interest payaittf if ramfd.)
Southw. Ga.— Conv. 78, '8li 120
Ohio A Miss. Consol. s. f. ni9ia 120
Ala. Cent.— Inc. 68, 1918.
Stock
Con.solidated 7s, 1808.
(119
Atl. A Pac— Inc.. 1910..
S.Carolina RR.— 1st m., 7f 1106
t40
47
2d consolidated, 78,1911 tl22
40
Central of N. J.— 1908... ion
Stock, assessment paid
Istm., SpHngtield Div.. 117
118
122
Chlc.St.L.AN.O.— 2d,1907
7a, 1902, noii-eiijolned
Ohio Cent.— 1st, Ub, 1920
991a 100
72
Col.Chic.AI.C.-lnc.'78,'90
Non-mort. liouds
70
72
at
Ter'I
'la.
O'Jn

N.Y.Pa.AO.— Pr.rn,6s,'96 100
N.Y.C.AN.— Gcn.,63,1910
N.Y.A New Eng.— Ist, 78

55
118

1st, coiiBOl.,

Tenn.

lien..

Miss. Central— let m., 78.
2d mort., 88

110
114

118
....

106%
103

106%

—

.

.

1

ni..

Tr..

And accrued Interest.

1

^'-nt

Til.

— f'niin.rleb.ccj-t«.

TX'',.;t,rn.

(No price Filday— tlic3e are latest quotations made this week.

N.

r

— 1«f

7-»

.

43
123
78

NOTKMBEB

THE OHRONICLE.

IS, 1881.1

New York

qaoUtlons in Boston, PhlUdelphU and Bnltliore.

Local Securities.

Mock

Inanrance
rOuotatlons by K.

Ilnnk Htock l.Ut.

MarkM Ihm ()

XAmt.
Broker.

AM.

nOATOKT.
Vleh.

Tcpeka

ft

Par.

,in

Bid.

Alk.
!flO

IflO

150
lOS

Bowery
Broadway

2J-I

215

20

1«,)

Brooklyn

IV

lUi
155

170

'lOStOD

wa

l'2«

inrl. ft

Atk.

Bovrery
BroiidwuT
Butchers'
rentrul

ft

as
83

Droy'M'

ChBKO

US

Chcmioa;

100

OUT
Commerce

100
100

CcMillneiiliU

:ao

Com

iUU

Kxclmngo*

100
100
100
100

Aronue*

Kirtit

Fourth

86
5U

Fulton
Gullatin

—

Hanover
Imp. and Traders'.

Continental
Ea«i«

ISO

Empire City

120

Manhattan*
Marine
Market

Atlantic

ft

....

100
100

145

25
AO

!150

ioo
100
100
100

Hill*

Nassau*
New York

New York

County..
N. Y. Nafl ExchVe
Ninth
North America*

'140

BOO
«0

Pbenix
Produce*
Republic..-.

Nicholas

Sixth
Btate of

New

rt)

1'>5

HO

50
50

l.'O

157

BO

70

KM)

150
110

11^5

50
50
100
W)

M

'^0

40
50

f«

71
i\)

51

rtO

I'H

lift

70
120

14

m

«K

70
I4«
1^3

«5

MO

.V)

15)

(50
IV)

115

HO
120

•<!«

100
100

ft

1

0

Mercantile
Merchants'

50
50

Montauk (Brooklyn)

,50

U»

Nassau (Brooklyn)

50

1.50

»7i(i

115

as

National

Now York Equitable
New York Fire ...
New York ft Boston

100

160

Pacific

I5t)

10

100

PS
lM5

115
,«
70

•?.!i

i'iO

VM

>m

!()!)

20,1

115

I'O

KO
50

im

.50
5(1

Relief

^5
70

Republic
Rutgers'

100
V.R

151)

50
KKI

125

l.^o

80
60

HO
70

1:9

!0()

25
25
25

stuyvesant

Tradesm en's

115

Uni'ed States
Westchester
Williamsburg City.

100

KUatAPere

i.'tt)

10

:i5

SO

201)

Par. Ajnount. Period

Brooklyn Gas Light Co
Citizens 'Oss Co (Bklvn)
botidfi
do
arlem

ersey City t
anhattao
fcetrtiOoUtao

25 2.000,000
20 1,200,000

Var.
Var.

Va

N?w Tork

700,(i*i(i!m.&N.

.

100 4,000,000 iJ.&N.
10 1.000,000 J,* J.
1,000
37 ,000 M.AN.

People's (Brooklyn)

Bond]

Var.

12-5,000

so
50

WlUiamsburg
do
bonds

4HO.O0O F.A A.

1,000,000 Quar.
l,OnO 1,000,000 A.« 0.
100 1,000,000 11,*N.
100 3.000,000

Metropolitan, Brooklyn
Muniripal

bonis

100 150

Fulton Manlclnal

Broadway ft Seventh at.—St'k
Ist mortgage
Brooklyn City— Stock
Ist mortgage
Broadway (Brooklyn)— Stock ..
Brooklyn (ruhsi own.— St'k .1st mortgage bonds
Bushwick Av.(B'klyn)— Stock.
Central Pk. X. .i B. ..iv.— Stock
Ck>n8olldateti mort. bonds
Chrtstopherft Tenth St.— Stock

Bonds
Dry Dock E.B.A Batfry— Stock
Ist innrtgiige
42d St. A Grunii St.
1st mortgage

Central

t.'ross

..

Ferry— Sfk

Town—Stock

mo

1.0001

900.000
HHl.llOO
2,100.11110

1,000 1,300,000
10 2,000,000
1,000
300,000
100
200,000
100
400,000
1.000
300.000
100
500,000
100
,800,000
1,000
,200,000
IOO
eio.oio
1,000
250,000
100 1,200.000
500AC
900,000
100 1,000,000

•inv

110
1
5

145

"o:

1K83

,«

104

87

70
103

104

105
Si
105

UO

'8'

.)H. ..

'70

33
103

Ac DO
en
101

75
175
110
70

ia»S

10.')

65

Brondway.]

7

2

Q—

'•

A.ftO.
,I.A J
.J.

ft

J.

F,*A

J. ft J.

Q-F

J.ftD.

100

718,1KI0

Q-J.
J.4J.
M.&N.

1.000

;,':it(.oiiiiI

A.ftO.

Oct..
160
Oct.,, '81 100
IM88
\mH 105
July, '81 110
1

l',!4

Der.lU02 118
Aug, "81 92
IS98

'

ino

Nov., Til 200
June, V^ 114

'123
1

il7K
110

118

Oct., "81 181
Jan., '8' 100
NOT., '81 190
'93

Apr.,

'

I

.m!*n'.
.1

.

ft

.1

no

Sov.'ll»4 105

,1,M. o, .I.ft J.
i:r)jMi. \.«o.

00*1

•>Oll,iH«l

100
1,000

750.0001 '*l.*N,

u.ftN.
M.ftS,

500.000 r. * J
100 a.ooD.ooo "3— F.
,000,0001 J. ft .1
1.000
«(V),0Ol|K.ftA,
100
250.0001

M.t N

'M

iriiyl

105

81 125

July,

Apr

'85 I'S

,

Oct., '80 1(8
Sept. •»! 125
'81

Oct.
Iuly.

Nov.,

115

no

no

'81

190

May

150
'»H 105

.-SI

110

131
i.

110
128

•Ml

'•*!

lulV. '90 111

Aug

86

6»H

11

1

Ifto

112

* This coiainn shows last divlduna on itockt. but the data of matority of tonds

M

i'l'S

.1 tin Ss, cp.

CANAL BONDS
Ches.

ft

Del

.

tstm

,i<s.

l«T<t

*94.

western Peun. KK. 6s,.-n.V!. 105
Is P. B..'96.
do

noH
i'io

91

1881

1C8I4

Lehigh Naviga. u..,is, reK.,'84 lltUt
do mort. KK.. rg .•»: Ml
do mort. gold. 'in
117
do cons. IU.78, rg .191:

—

22«

Morris, boat loan, reg.,

lSa5.
6b, coMi:., '910.

24

101

Pennsylvania
I06)»
ScbuylK. Nav.lsl m.6s.rg.,*97. 91
do
"W m.6s, reg., 1907

BALTI.TIOKK.

63

109

91K
106

68, d-feose, J.ft J..
6s, exempt, 1S87
6^, <89ti. quarterly..
5b, quarterly
do
BalUmore 68, Sii, quarterly

Maryland

do
do

45
40
t8
70

IWi

17

30

SOjli'

)

do
do
do
do
do
do
do
do

6s,:8K«,

J.AJ

•

«s, park, 1990. <4.—M

i)i93,M.ftS
68.exeinpt.'*S,M.ft8

6s,

j

''.'.'.'.

I

(

Baltimore.

Sorthern Central
Western Maryland
Central Ohio

3i.PaulAUuiuthR.il. Com
do pref.
do
Cnlted N.J. Companies. ..
West Chester consol. pref..

117
117

6s,18»>,quarterly...

56X 67H
eiw....
6s, 1900, (i 5e>t ...
68 1901, J. A J
Sesquehonlng Valley
....
110)i
•;
IdV. new
orrlstown_^.
N
S7 1....
Norfolk water. H
N'orfo k ft Western, pref
com....
d,
aAILBOAD STOCKS, Par
,|o
'80
...100
8alt.4Ubio
North Pennsylvania
84
ist pr.f ...
Pennsylvania.
o
»d pr«-f
Phlla.fclpMsft Brie..,. ....
do
.„
'mm
Wash. Branch. 100
Pnilaileiphia* Read ng
do
Parkersb'g Br..;o
Philadelphia ft Trenton
do

50
50

....;0

Conneil8Vllle..5o
PlttsDurg
XA1t,R 'AD BONDS.

130
ISO

lilX 199
127
188
125

103

118

iia

'"7Si

19*

5H< 68
1«

18

40

ft

.

Wnst.iersey

Bait,

Wc-tJerseyft Atlantic
OAKAL STOCKS.

N.

ft

Ohio

W. Va. ad

68. 1889,A.ft(),

in.JSUar.,'8.M*J

Ptttab.ft c«nnell8V.',8,'9«l,'k,.'

47M 47M

.Sorthern Central fs,

'85,

lOCM

va

jftj

68, ItUO, A.ftO
do
do 6s,Kid,IMII),J.AJ 114W
BcnaylklllNaTlgatloD.... ..
prci... 13>4 ISM Cen. Ohio 6«. Ist in.,**),*!.* 8. 107)4
do
W.Md,M.lBlm.,gr.,'WJ.ftJ ...
KAILBOAD BOKDB.
do iBt m., S*,J.*J... 110
124^
Allegheny Vai..-3-10s,iS»«..
do 3dm.,guar.,J.4J....)}05
78. K.ext..l>l(' 115«t 123
Jo
....109
do 2d ra..prof
53
tnc7s, end._._'»l 51
do
do »dm.4tr.byW.Co.J*J :io
BelTldere Dels. Ist m..6s,190'2.ii'iO
4o (s. >dm..guar.,J.* J. 190
Ho
2dm. 68. '85 106
4sJ.*CIn.;8,'«,F.AA ... 129
Sd m, 68, 'rt 106
do
2d, M.ft M
do
Camden sAmc s.^oap.ji 103
!is,3d,J.ftJ
do
be, c >
do
inlon KK. ;«i,guar.,J.* J..
mort. 6s. -SJ
Jo
II endorsed.
I'i93
1st
m
7s.
Atl.
g.,
Cam. ft
do ad m. cor. 7s, irT"..
•>-

108
lie

I14M
111

loe
194

.

.(

115

i

,

1st ii..«s.g..l905

W. Jer eyft At

new
do
Delaware ft Bound Brook. .. 116

A

70

60

Warren ft F. Ist m.18,'96....
West Chestercons. ;8.'9i .. iio
West Jersey 6s, deb., coup. ,*8^>
ist m. 68, cp., *9«)
do
lstm.7«,'Di
do
con'. Bs, 1909 ..
do

BAILBOAD STOOKS.J

Phila.Wilmlng.

89

(

,-

pref..
do
do
Har P. Mt. Joy ft Lancaster
Huntingdon ft Broad Top.
piBf
<lo
do
Lehigh Valley...

l>5

68)i

A lac
92)«
K o O ande D
do
60
cons in..6.,g.,l9tt& 103
do
77
23)1
gr
1915
inc. A 1.
do
, is
(JnlonATUusv. (St m. 7s. 'vC. 14
•Texas

various

East Pennsylvania.
Blinira ft Wimamsport....^..

90

"do

K'ch.ft Dinv.con<.li.t.»-,19 5

Uottcd N..I. cons. m.6s,

pref..........

sex «6M

Poltsv 7s, 1901 10
Steuhenv. A Ind. !st. 6b, 1884. 108
Stony Creek 1st in. 18 i907....
Sunb. H»z. A W..1SI m..5s.'2<
2d m.6i. 9«..
Sunbury A Erie !si iii.ls, *97..
-yra.Gen.A oro" ,!'', t.l"^ 105

23i4

Catawlssa.....
pref.....
do

1I4)«

Staaiu ,k.n V.s.

li5

APcgheiiy Vaiey.. ......
BuffSlo rtttJ. A Western
prer.
do
Camden A Atlantic...
pref
do
oo

loe

1'.-do mort., 7s, 1892-3
Phlla.Wllm. A B«lt.«s,'84 ... ,vu- „„,PltU.Cln.43t. L. 78,cou..!90C. 1^,, >2»
do
7-.rg.,I«(il"9>«|...
do

es

l'lilUdeiphla,58 reg.
do 68,n..rg., prior to 9P
.

9»
118

m

Pbil.ftl!.Coalftlr'n deb.;s.9^J«
do
deb. 7b. cor.ofl

Penna. 58, g'd, ")' ••'•';?•."• "=f
do 5s, reg., I'S'J-l'-'^; ;••;,
do 5s,new.reg.,la9i:9t'i
do 68, lP-15, reg., liTi- Si lulX
do 68 15-25, reg., iS8i-'9S,
do 4s reg., I!'94-1W)»

Lehigh Navigation
PeBuaylvanla

10
:

93

STATE AND

4s,

105M

5!, 920
t-.Y.. 1»t

,

York A New England...

do

ft

'.

149

.

70

Kxtenslon

1. 000

115
l.->5

'81 1.50

')CI., '81

.1?* D.

,,.-,,,,...1.1

.!

2«

•231i

113
'1 130

Oct.,

ft

do

(10

Little Schuylkill
^;,'-lilnehiil

'h'
« -Iuly.
J'iV.lMOd

(4-J.

l.ooo

Avenne— Stock

104

70

I'Ct., -81 170

1(10

Ist mitrtgage

92
70
72

•

'81

common

."fr.

IM

V4

Nov.,

July,

r*

16)

214

10'

Sent '1-1
Nov.,'X'

lUOi)

ri

67H

is»W

i*'.20

PULft K. le:m.6s,ex.d'je I9
irio
do
d)
do
2d m.. 7b, 'p.. "8.
do cons. m..7s,cp., 1911
do (on..m.6 ,g.li;ci9il
is"do lm;..m.,6 ,g.,
do gen. m.6 g.. C.UO
do la. m.."s.toiip., '•96
do d b.couT i'93"...
do c up, off, it9i
do (crip, 18S;
do conv. 48, R. C,
do
7s. coup, off, "93

•i»h

94«

pref
Gulf, prnf

coas. mort. 6s,

Phlla. N'ewt'n

29«

A.
PHI I. A DELPHI
CITY BONDS.

J.&D. 7 |june '»4 103K 106
Q-F. SHiNoy.,'Hl 190 200
M.AN.
Nov., '8 102
UO

•>o:t,ono
1

IS
H8

.July, '80
t., '8i

J.*. I.
/. « J.

Consol. convertible

Third Avenue— Slock
1st mortgage
Twenty-third Street- Stock.
1st mortgage

B
3

do

82

evere Beach A Lynn
Ve muulft Massacuusetts..
Nashua
rrosier
Wiscon In Central
Pte'
liO

1(9

1S97
IHOO

151),

1

ISO

190S .
6s, cp.. 1»10
6s, t'g., 1910.
6., rg., 1905.

Phll.Wilm ftila t ,4s,Tr.certs
Phlla.A hirieid Hi.7s,cp,

118
102

'eo

Untlar.d preferred

03

'81

.

..

Northern of N. Hampabiro...

HO

iuly, '^i

Oct

lib'

z

Norwich A Worcester.
Ogdenso.A L.Champlaln ...
pref..
do
••• 130
Old Colony
Portland Saco A Portsmouth iso
Pull "au Palace car
27X

'05

Aug.,'-1 211

Aug.

140H

.Mar Iloigh. ft Ont
Mar. Ho jgh. A o..t.. prel... .:iv
'""
,.
Nansuon Lov/ell

•n 90

isyti

Feb.

...

Bs.

Sioux Cliy....
Fort Smith ...
Manchester A Lawrence...,

Iowa FhU'

1

Nov., 'SI ISS
AUB.,'80 5)

...

1,000

1st mortgage
1,00"
Houst. West St.* Pav.F'y—St'k
lllo
Ist mortgage
500
Second Avenue— Stock
loo
8d mortgage
1,000

Sixth

3H

*N. «

[quotations by H. L, Gkant, Broker,
100
BleeckerSt.ft Fult. Ferry— St'k
Ist mortftage
1,000

a«

1

750,000 M,

mortgage, consolidated
KIghth Avenue— Stock

2K

315,000 i,*(). 7
50 1,850 000 f.atL. 3
20
750,000 I.4J. 7
50 4,000,000 I.&J. 5
100 •i,500,000 M.4R ''H
3
SOI) 1,000,000 F.tA
100 5,000.000 Quar.
!*<
1,000 1,000 000 F,4 A. S^
•.26
3
1,000,1111111
Var

Hoboken

1st

5

.

Mar(i

ft

loe

D9H

ff en. m
do
cons. m.
do
do
oons.m.6s. cp., 1909.
Co
do
Si
Penn.Co,6s. reg
do
4Vis
do
do
CO p., 19
o
Perkiomen ist m.»s,c,»un

Llti.e itocli&

Bid. Ask.

*

_l_

l.COO

bonds
do
Mitnal.N. \
do
bonds

do

DaU.

IW

7>,f(J

P*nnsylT.,gen. m.

28)4

,)o

W

[Gas Quotations oy ueorge U. Preutlss, Broker, 17 Whil Street.

m.

.

do

48

inc

do
icor; Scott

I'^i

'HO

ISB
119

p.,19.;8

titUb. TltusT.A B.,78,cp.,'96
Scrip ...
do
Pa.* N.Y.C. ft KK. 7«, 896

117

Lal£u i;d.6...

F(t.chburg

Can aud City Kallruad Mtocks and Honda.
exS COKPANIIS.

IIU

Connecticut River
Conn. A Pa"siimpsle
onnitton Valley
Kasterc (Mass.)
Kastern (New Hampshire)...

us
H>

Standard

6s,

UIM

('2I«
do new loan -s, re,i
10(>« Ull Creek 1st m.7s,conj>..'8>. lOS

Concord

!<;)

100
too

40
50
100

ft

c'o

112

100
100
100
100

Star
Sterling

>^ueusourg

Old Colony, Is
did (Colony, «8
Pueblo* Ark. Valley, Is
Rutland es, 1st mort
Vermont A Mass. HK.. 6s
Vermont A Canada, new
STOCKS.
Atchison A Topeka
Boston ft Ali)any
Boston A Lowell
Hoston A Maine
Boston A Providence
Cheshire preferred
Lhl ..« w. Michigan.
Cm. Sandusky A clev

:o'>

5
a 10
1

1(W)

Phenix

>

M

S!5

People's

91

'16X

1

1.10

do

do

Little Ochoylklil, Isl

.

121

KKI
100

50

Park
Peter Cooper

im

•I

109

1

M)
HO
lift

Lablgta Valley, lst,(s,cp., ISM
do reg., 1891..
do
do 21 m.7s, reg., ItlO..
do eon. in., 6«,rg.,IM8

7«

Mexican Ceiitrai, :»
New lurk ft NewEiig,*!...
Is ..
do
New Mexico ft So. Pjc. Is.

11 nj

1.1)
10')

IMW

U«H

K. O. P«c., I,tm..6s. IWO ..
e7H 61H North. Peoo. 1st m. 6s, cp.,*8B. loa
2d m. 's,cp..'«6.
do
4t.
Lawrence
ft
80.
K. t Ity
do gen. m. 7s, cp., 1908.
I18«
Kau. (iiy.St^Jo.ftC. B. ;«.
do gen. m. 7a, reg., 190?
Utile Itlt ft Ft. smith, 7B,Ut i:2Hi'*

lilt

,50

,Vew York'.lty
Niagara
North Hirer

Side*

iiUJ

«(1

78,l«B
"H..

7i,

M

M

Fort Scott ft Gulf 7s
^arlfo^d ft Krle7»

.HO

•a

HO

York..

2.0

103

.

de

mort.

ns. m, 5s. 11 '5
ttha«a* Athenslsi g L Is.,'*)
iBoetloD 1st mort. As 'SI. ...
mort. <a.l9ilO.,
40^

Bi

ft (julucy 4<..
fs-siimpste, 7», ISVi
.
..
Ccnnctt n Val oy. 7s
.asiotu, Mass., 4)is, new, ..
fltchburg 1{B.,6«

Uh

1(10

SO

Third ..
Tradesmen's
Union
United States

IH.S

Lenox

120

.

l'.iH

IfO
IM)
IW)

Traders'..
Mechanics' (B'klyn).

100

Seventh Ward
Sectmd
Shoe and Leather.

15

Lonu' Island (B'klyn)
Loriliard
Maniifac'rs'* Build
Mecli.

25
20
SO
100

People's"

•.00

US

iHarilsburg i«t luor' ««, *8^...
M.ft B. T. ist m. 7s. g. Id. to.

7s....

u. ,v

..,

ICO

100
15

100
70

,

KiS

Manhattan

Itiver*

PacWc*
Park

12(1

l.iimar

100

Oriental*

100

Lafnyette (Br'klyn),

BO
SO

Murray

M)

Kings Count yCBkn.)
Knickerbocker

100
100
100

KM)

50
50
25

Joiror-*on

148

i!5

Metropolis*
Metropolitan
Mount Morris*

do

KM)

ts
7s
6s

Nebr.ts
Nehr. 6a
Nebr.ls

Chicago Burl,

Br., Ist,

Ist

W'msport, i>tm.,7s,'M.
^Pi,perp
do
BASt'>n ft Am'ooy,5t
Kl.ft

7s

Providence

.In

Bound

Oal. ft

Bast Penn.

Uo., land grant 7s.

1(15

1(«)

Irvinn
110

ft

250
210

«0

* Tr'd'rs

I

22.t

KIH

lra|>ortors'

...

Lowell

ft

2MI

Gertiiiinia

I

do
d

40

Hanover

IM

dostoD

5(1

1(1

Home

«).•>

100

17

Howurd

^sk.

(lalawsre mort.. 6s, various,

4»H

7s

• Albany

do

Kitrrauut

iloiTtnan

tusion

70

Kireraon's Trust....

Globe
Greenwich
Guardian

ll.t

do

•

Income

o
Boston ft Maine

no
100

Firemen's

Uanillton

dO

Uechantcs*
Mechanics' Ahsoo'r.
Meohanles' & Tr'drs'
M0rcantlie
Merchants'
Merchants' Exoh'^e

Ift'i

.SO

HO
50

Krunklln A Bmp...
(Jerman- American.
l«7
183

•25

.

KK)

Exclianse

ItlO

100
SO
fO
100

Irving.
Island City*....
Leather Manut'trs'.

West

Columbia
Commercial

75
100
100

Germiin American*.
Gorman KxchauKO*.
Gonnantu*
Greenwich*

Bt.

Clinton

Ha
3S

RttAt Uiver
Kloventh Ward*

North

City

as

CUllcns"

20
70

Cltlsens'

100
100

ChRtham

Fifth
Fifth

Amer-lcan Exohaoge

100
100

Exchiuiif«

no

Amerioao

Kiu

BU.

eonv,, '4..
chat, m., IOs,*M .,

Ist, 7s,

Dew 78 19rQ
o
CoanactlDf 6s, IWO-IMM
Chartlors Val., Ist m. 7s.C..IKK

m.7i

1st

land grant7t
land IDC Ha.,
Pacia'.Hs.

do
'

Am.

•onamu.

A$k.

Catawlssa

Prick.

COHPANIKS.

are

BM

BovaiTiaa.

8. BAii.ier,

No.7 1'ineStreut.)
PBICB.

COMPANIEX.

623

Cm^

•

n,.-,»«.T,

* in djfiiulc.

" )'» s.

t Per tti«r«

r<

m"'^

THE (CHRONICLE.

524

—

Railroad Earnings. The latest railroad earnings and the
from Jan. 1 to latest dates are driven below. The statement includes the gross earnings of all railroads from which
The columns under the heading
returns can be obtained.
" Jan. 1 to latest date" furnish the gross earnings from Jan.
period
including,
the
1 to, and
mentioned in the second
column:

totals

.

—

Latest earnings reported

^Jan. 1

,

WeekorMo. 1881.
1830.
1881.
1880.
«70.704 $62,187 $511,493 $151,237
Atcb.ToTi.&S.Fe.Soptemb'r.l. 147,001) 806,730
Septeinb'r. 1,310,002 1,593.313
Bait. &01iio
28.2 i9
Bost.A N.Y.Alr-L.Septemb'r*
23,728
213,973
216,293
Bur.C.Rap.&No..4tliwkOon
71,931
6t>,669 1,821,045 1,670,735
9,70;)
Cairo * St. Louls.3d wk Oct.
11,1.51
335,690
32(>,e86
Carolina Ceutral August.... 42,010
31,499
Central Paoiflo... October ...2 514.000 2,120.229 19.684,791 16.403,l-.'l
Septemb'r. 247,111 247,303 2,031,219 2,003,685
Ches. &OWo
CIllcaKO & Alton .4111 wkOct. 196,615
188,637 6,211,169 6,448,728
Chic. Burt.&Q... Septemb'r. 2,262.981 ],S62,285 13,123,331 15,129,331
CWe.&East, Ill.-4tliwkOut.
42,465
31,119
Clilo.&G.Trk.Wk.end.Nov. 5
37,570
37,366
Chic, Mil.& St. P.lstwk .Vov 379,000 319,152 13
1,000 10,363.919
Cbic. <fe Northw..l8twk Nov 486,200 424,650 18,423,497 16.307,135
Chic. St.L & N,0. August .... 257,700
224,737 2,369,223 2,070,425
Chi.St. P.MinA 0..l8twkNov
83,473
79,129 3,235,2.)8 2,346.159
Chic, & W, Mich..Septemb'r9«,177
81,730
Cin. Ind.St. L,& C.October
212,606 239,881 1,909,433 2,001,917
Cincinnati South. August
225,000 148,437
Cln. & Bpringt. ..2d wk Oct.
24,833
26,277
759,648
731,343
Clev. Col.Ciu.&I.2d wk Oct.
93,628
99,419 3,496,739 3,432,039
Clev. Mt.V, &Del.4th wkOct.
12,353
11,755
348,127
333,333
Col.&Hock.V.,&c.October
213.068 201,296
Denver & Rio Gr Ist wk Nov 138.783 110,187 5,145,446 2,819,985
J)e8.M.&Ft.Dod!je.4th wkOct.
10,876
9,209
330,533
257,019
Det. Laos. & No .October
129,369 116,602
Dubuque&S.Clty. 4th WkOct.
27,396
29.090
935.317
896,912
Eastern
August
332,000 302,389
East Tenn. V. & G .October .
315,644 303,518
Flint & Pere Mar. 4th wk Oct.
54.723
49,708 1,522,984 1,291,877
Gal.Har.i San A. Septemb'r. 147,735 1 17,785
Gr't Western. Wk.end Nov. 4 110,229
115,201 4,416,347 4,319,197
Gr'D Bay & Minn.lstwkOct.
8,718
8,371
Gulf Col. & 8. Fe October
127,420
73,563
Hannibal* St, Jo 4th wk Oct.
62,721
73,029 1,836,2:2 2,074.609
Houst.E.&W.Tex.Scptemb'r.
15,078
9,205
106.539
73,186
Houst. & Texas C.3d wk Sept
83,336
96.163 2,334,922 2,230.371
Illinois Cen, (111.) October ..
655,867 638,110 5.361,264 5,399.273
jDo
(£owa). October... 174,438
192,101 1,524,289 1,443,658
llndlana Bl. <feW.4thwk Oct.
30.230
50,896
iDd. Dee. <ft Sp. .October
47,005
44,424
423.386
332.645
lnf,& Gt, North.. 4th WkOct.
96.015
90.135 2,133,653 1,445,643
Iowa Central
Septemb'r
101,088
88,551
K. C. Ft. 8,*Guir.lstwk Aug
28,508
650',934
20.432
833,497
liake Erie& Weat.4thwkOct,
39,822
85,613 1,153,584
931,916
liouisa. &Mo, R..July
41, '279
40,537
249,231
248,132
Louisv. & Nashv. October. ..1,009,100 l,Oo6!326 9,153.451 7,539,075
Marq, H, &;Ont'n.Septemb'r. 131,742 101,079
"'
Memo. &Charl...4tliwk Oct. 29.431
32,379
963,264
8 71,727
Memp, Pad. & No.3d wk Oct.
5,748
5,803
190.693
166,613
Mil.l.. Sh.& West. Istwk Nov
13,000
9,424
493,983
333,501
Minn. & St. Louis. 3 wks Oct.
89,260
69,799
912,414
615,901
tMo. Kans.&Tex.lthwkOot, 245,1131 219.706 6,415,767 4,879.991
Missouri PaciHc .October
693,730 6i '6,028 5,139,360 4,455,295
Mobile & Ohio
October
252,921 261,713 1.371,761 1,731,881
Nashv. Ch.& St.L.SeptemU'r
179,979
167,474 1,577,949 1,513,074
N.Y. L. Erle& W.Aui.nist
1,772,895 1,606,874 13,557,369 12,278,914
ir,Y. &N. Engl'd..3d WkOct.
60,039
49,998
». Y. Pa. & Oliio.Scptemb'r. 426,360 500,747 4,038,046 3,812,461
Norfolk & West... October... 211,673 235910 1,326,551 1,673,402
Northern Central. Septemb'r. 429,565 464 093 4030,230 3,534,104
Northern Pacific .October... 565,485 358,456 3,107,072 2,088,153
Ohio Central
October...
81,631
Ohio&MisH
August.... 333,014 390,997 2,368,562 2,477,185
Spriugf Div. ..August....
46,784
50,585
281,388
273,192
Ohio Southern
4th wk Oct,
9,301
Oreg'uR.Nav.Co. October... 472,800 379,502 3,530.235 2,856,129
Pad. AElizabetht. 3d WkOct.
12,464
9 112
424,183
315,528
Pennsylvania .-..S^ptemb'r.3,735,006
32,879,241 30,254.613
-'
PeonaUoc&Ev. 4th WkOct. 20'' ~ 3,047,543
569,416
354,733
Philadel. & Erie. .Septemb'r. 276,;.-„
„
,„, 2,593,067 2,733,766
. .

. .

.

.

.

.

.

.

.

.

.

—

. .

. .

—

fi^i'";!^ ?S??i°?-^^l"*"''»'''-1.94'-874 2,089',256
St,L.Alt.Ji;T,H. ..4thwkOct,
36,729
32,109
(brchs).4tli WkOct,
21.850
22,529
-. -Pi
8t. L, Iron Mt.& 8 4th wk Oct. 223,252
211,199
ft- L. A San Fran Ist wk Nov
63,400
63,000
.

.

8t.P.Mlnu,&.«an. Istwk Nov

137,100
Scioto Valley
4thwkOcD,
13,991
South Carolina. ..August
81,183
Texas* Pacillc.. 4th WkOct. 175,098
Xol. Delp, & Burl.4thwkOct.
18,472
J'?'''"" ••-'*' wk Nov 763,3«8
S'".?'^,
wao. St.L. <fc Pac. 4th WkOct. 366,457
Wisconsin Cent . Ist wk Sept
28 ,563
.

',

1

^^81

?„Sf
'.il®"','""'!.',"
Including
leased lines.

U.

!

74,300
11,231

1,184.633
611,773
5,922,960
2,656,409
3,969.267

1,199,013

571,448
4,976,591
2,251.635
2,636.416
263,512
615,305
2,140,367

352,836
75,.-)25
717,712
105,578 3,063,623
9,203
645,681 23,174,607 19,973,243
370,600 11,788,131 10,247, '.70
20,540

6 per cent In 1880.
j lueluding Ohio Division.

Snb-Treasury.— The foUowing table shows the receipts
and payments at the Sub-Treasury in this city, as well
as the
balaaces m the same, for each day of the past week:
S.

Balances.
Seeeiplt.

Averaoe amount or

Banla.

Capital.

Payments.

Coin,

Currency.

Loans and

$
2,000,000

.Sew York

Uanbattan Uo...
Merchants
Uechanics'

Union
A.mertca
Ptioenll.

City

Tradesmen's
Fulton
Chemical
Merch'nts' E.tch
Gfallattn Nation'

Butchers'&Orov

&

Mechanics'

Tr.

Qreanwich
Leather Man'f rs
Seventh Wiirl...
Stateof N. York.
American Uxch..

Commerce
Broadway

Marcantilo
Pacific

8,3r)J.000
7.4SO.00C
6.B4'),700
7.29I.00L
4,«19.40C
8,iaO,20(
3,183.00C
7,a07,;9C

Hanover
Metropolitan
Citizens'

—

Nicholas

St.

Shoe & Leather..
Corn Kxchange..
Continental
Oriental

&

$
5..
948,592
7..
1,040,348
8..
9.. *2,33 4,580

35
66
78

10.. *2.036,844 61
11.. •2,201,089 59
Total.
•

$

1.525,250 31 76.396,120
1,777,013 60 75.799,430
Holi day
1,209,312 63 76,916,132
1.100,301 53 77,917,615
699,452 37 79,395,333

62
19

4,713,151 23
4,573,159 72

53
92
66

4.571,823 53
4,526,875 22
4,580,819 70

8,601,455 99

6,311,230 44
Includes $1,000,000 gold received from Philadelphia
Mint.

Coins,—The following are quotations in gold for various
coins
Boverelgna
$4 S3 ®$1 88
Silver i4<) and "as. — 90\ni par.

Napoleons
3 83 ® 3 86
Five frauci
— 93 « — 95
Reichmarks. 4 72 's a 4 76i2 Mexican
dollars.. — 8313* — 8914
XGuUdera
3 93 ® 3 97
Do
unooinmorc'l, — 87 9 — 88>2
Span'hDoabloons.lS 57 *15 70
English silver
4 70 ® 4 80
Mex. Doubloons. .15 53 ®15
Prus. sUv. thivlera. — 67>a» — 69:^
Hne silver bars .. 1 12»8a 1 63
1319 U, S. irada dollars — 99^a — 9939
Fine gold bars. .
nir 9 >« prem. U. 8, ailvor dollars —
9'J''a9 par.

XX

.

Dimes

.

A > dimes. —

99»» a

p jr

711,700
331,100
158,000
3J.300
331,900
190,400
6j5,5i»
2,566.000
2,314.300
703,500
I,0i9,3oo
411,700
458.40G
47J,6ou
113,900
334,000
b80.700
410,700

5.18?.30C
3,293.100
1.5J8,0>,
2,63i.S0C
7,t>B,l,aO(l

2,92;,4ou
11.746.000
2.02i.3oc
3.316,200
3.307,000
4,721.aoC
«,75».Soc
2.039.300
3.133.000

1.061,600
17.918.400
7.972,000
3,465.0)0
5,704.700

First National..

l'i,fl78,OC«0

N. Y. Nat. Kxoh..

Chase National..
Fifth Avenue...

German Bxch.
Oermania
U.S. Nat

J1.162,70J

13,33o!9

13J,3oo
450,000
504, --OO

168,900
409,500
181,300
ais.iion
79,00.1
2oa,ooi)

1,126,000
45,000
5,400

2.704,800
7,549,800
2,58u,30ij

399.300
343.?0u
630,00
40j,5jo
707,000
490,600

237.3,)0

11,811.000
2,156.000
2 6 '4 loo
2,619.800

48 800
1^4.801
61.600
101.000
134,000
106,7o>
3il,3o0
197.000

soo.ooo
438,200
,

1.83J.30C
3.335,000
8,63(1.80)

6,809,500
1,898,000
3,363.000

45,0()0

19,833,Ooc
740,100
1,077,400

"^8.50(1

b47,Ooi;

473,600
1,330,000
2)0.0 00
203,100
131.9)0

10,787.800
8.037,000

2,230,000
37O.000
3,900
450,000
450,000
450,000
4,eoo
763J800
1,114,300
45,000

23,1I71,8,>0

41,8ou
179,700

324.600
310,000
1,374,000

3,?8-i.000

73,000
691,300
415,000

3.145,000
14.241.000
5.637.9 W)
1.086,100
1,507,900
1,031,800
3.093.800
4.531.100
2,033 1 .'0
1,519.100
1.065,2)0
4.013,000

33.-*.l:XI

I13.OJ0
170.000
490.100
43.0 ij
77,9 i(,
145,c0
137.000

40.100
«1,400
1,371.600

889,300
300,000

1.73'i,400

164,00)

3,)l,9.)0

1,014,100

3.4j3,5oa

998,100

1,120,000

131,00;)

43.909

270,000
221,900
180,000
01,800

140,900

isSu.skj 3)2,083,500 30.003,400

60,913.500

1

976,000
1,878.900
913.400
3,037.100
10,707,000
8,395.300
3,891,600
5.706,800
3.45^.500

6.1,800

132,000
310.000
28.600
260,300

731,700
787,500
233,400
174,000
2,600
468.800
33,000
44,300

l,4i3.100
1,101,000

1.S9.400

l,5.')5,2O0

1,100

267,000

790,566

2.35I.80.J

143,000
U-,,400
12?,ooc

3.58 i.oo
1,038,800

2.536,400
3.978,500
1.916,400
1,375,100
l,468,50u
4,489,000

6,305.400
3.998.000
8,801,600
1,943.300
1.319,100
13.765.700
3,060 000

7;(,O00

3;.5o0
107,500
3.5j3.4ou
453,000
5»."iio
1,103,1)0

5,501.800
1,439,800
1,700,700

600,000

Total

1

9,13.800

20 1,000
200,000

5 io,«00

200. 1(10
50 i,4oO

49-5.000

380,000

6.19,<,000
1,'333,S00

3.:j9,000

31.300
038,000
5,710.900
4,717,600
147,300

16,237,400
1,030,600

500,000
1,000,000
300,000
230,000
200,00a
730,000
800,000
100,000

..

tion.

S.

7,580,000
8,539,000
8.473,500

i3,000

1

710,000

1.763.800

19.,3U1,900

1,500.000
8,000,000
500,000

Park
Mech. Btg. Ass'n
North River
240,000
Kast River
250,000
Fourth National. 3,200,000
Central Nat
2,000,000
Second Nation'l.
800.000
Ninth National..
750,000

Bowery National
N. York County..
Germ'nAmeric'n

Circ-da.

otluir

3,081.0|)0

2,U18,eoc'
3,0>18,00C

he deviations from returns of previous week are as follows

Loans and discounts
Specie
Lei^al tenders

The following

Inc. t4.093.400
Dec.
154,800
Doc.
440,600

Loans.
1881.

Cot,
••

Nov.

Net deposits
Circulation

1

|

Iio.
Inc.

:

$4,043,700

60,400

1

are the totals for a series of weeks past:
L. Tenders.

Specie.

«

»

23. ..,311,316.500
29....3C),'334,o00
5.... 313,830,900

t

,

61.06,(,100

15.308,700
13,633,400

60,913,600

1.5,311,800

5S,.S33,.100

Deposits.
»

Circttlation. Ail. Clear

«
t
19,919,000 933,850,125
19.948,000 881.134,243
20,008,400 1031,883,159

231,813,.S00

288,03-,8aU
393,033,500

Boston Banks.— T!i3 following are the
banks for a series of weeks past

Boston

totals of the

Loans.
Specie.
L. Tenters. Deposits.' Circulation. Ajo. Clear
<
*
*
<
$.
$
154,130,300
6,711.300
S.lSl.SOO
93,913,30)
31,491,1)0
83.03;,32)
9i,54-),3)0
151,370.800
6,848,300
4,060.40.)
81,871.600
8^,097,8S^
Nov. 7.
154,781,300
7,lu5,300
3,709,100
98,570,400
31,800,000
91,946,649
* Inctudin); the item " due to other banks."
1881.

.

Cot. 24.
"
31.

Philailelpkia

Banks.— The

totals of the Philadelphia

banks

are as follows:
Loans.
1881.

$
77,H.1,364
76,875,833
76,C6J,8j9

Oct. 24

"

31

Nov. 7

GUar

L. Tenders.
t

Deposits.
%

Circulation.

16,616.1)5
16,773,583
17,351,141

67,3«.307

11.106,831!

53.019,743

67,»i)8,776

11,069.143
ll,033,rjj

48.,S3J,774

66,433,840

Ayg.

34,704,208

Unlistel Stocks and Bonils.— The following are the reported quotations for securities that are not '• listed" at the
Stock Exchange;
BUi. Asked.
Bid. Asked.
Am, Cable Constr, Co
'48
>3
43
Missouri Paoiflc rig
ghts
Am. Railway Imp. Co
N, J, Southern
1
1%
Atlnntic & Gt. West..
513
614 N.Y, Loan & Imp, Co. 80
83
.

Do

pret

4>.j

,\mer, Elcc, R. & Pow..$3i)0
Bost. 11, & E., new st'k
2^
Do
li£
old stock
Continental Constr. Co, 80

Central Railway Construut'n Co, (D.L.W.) 2913
Chic. Burl. &Q.riKhts. 1613
Chic.

M.&

St, P, rights

"l

H

6

N, O, Pacific subs
16
North River Const. Co. 16
N. Y. Cb. &St. L, subs. 20

$530
278

1% Oregoulmp. Co,
Do
stock

1st

M.

931.2

93

82

OregonTraus,, full p'd SB's
Ohio C, subs., S600p;l..$250

'31

•16%

Pacific

....

Rich.&

900

Do
2dmoit
124
Do
uon-mort,.
70
SelmaRomc&D.lst M
Do
'2d M. stamp
Do
2d M., clean '3^

R'vlm.

Co., ex.'
Al, 8iibs.$l,'2O0

Edison Electric L. Co. 800
Gr. Bay & Minn. st'k.. 14
Grand Rapids & Ind.. 15

&

L, old stock
Internat, Imp. Co. ex.
I,

C.

98'4

Iron Steamboat stock. 40
Do Istmort. bds
Kan, & Neb. 1st mort, 8
.

Do

1413

.

18

lij

2d mort

99

Do
Do

86

St. Jo.
St. Jo.

Keely Motor stock

Lebanon

Sprlnjjs 1st.. 22
Lehigh &Wilkesbarre. 31

Lonisv.

<&

Do
24

iucomoa

A

&

'2*3

stock
West, stock
Paoirtc 1st M. 83

2d mort

Scranton Construction 85
Seney certs
75

....

State Line & Siill. com
Texas.St.Louis RR.sub 93

N. rigUUs

Markland Elec. Light $1
$1 10
Mid.RR.otN.J.ass.stk
Texas Piicific sub
!"«
28
Do
A stock
Texas & Col. Iinu
95
16
13>a
Do
B stock
8
U. S. Electric Light Col 40
10
Mexican Nat, subs,, ex 11214
Vloksb.Mer'nCBm.st'k. 13
Do
bonds, ex... 68
70
Do
* Premium,
stock
20
25
Mut. Union Tel. subs
93
t Discount,
I

*19
•17

21
901a

95
84 13

$265

....

& Georgia subs... 3313 4019
paid
$190
Denv. & R.G.subs.new 81
RocU'r& Pitts'grig'ts. 2'a
85
Do
subs,, old
....
So, Carolina RR. stock 4212
Ciu.

Nov,

3,08.1.800
3S<,00ii

5.208,90(j
8.0.J2,10C
2.118, IOC

300,000
400,000

Third National..

34,000
190,000
81.000
159.400
393.900
467,600
7S.500

4,172, ;oc

„ fii-^
3,18r,20L
13.418,000
11,813,50;

1,000,0,10

Tr..

i.«."),ooo

1,773.500

»J»,(iOC

1,000,000

Marine
Importers'

5«,S00

12,9»i,100
3,8 «. IOC

1,047,U0C

000 000
500,000
500,000
500,000

1

l,aj!;,40U

314,700
430,300

3,701, iOt

700,000
1,000,000
500,000
3,000.000
800,000

Marltet

230,000

3,6,-l,»0J

1.861,101.

430,000

North America..

1,707,000
1,498.000
t,i8r,4oe
1,395,000
511.00J

3.'218,70C

20,1,000

IrvlDK

Net depfs
than U.

t

3,030,00«
2.000,000
2,000,000
1,200,000
3,000,000
1,000,000
1,000,000
1,000,000
600,000
800,000
1,000,000
1,000,000
300,000
200,000
200,000
600,000
300,000
800,000
5,000,000
5,000,000
1,000,000
1,000,000
422,700

Chatham

Legal
Tenders.

Specie,.

discounts.

.

.

.

New York City Banks.—The toUowing statement shows the
condition of the Associated Banks of New York City for the
week ending at the commencement of business on Nov. 5.

to latest date.—^

Ala.Gt. Sontliem.Septenib'r.

XXXin.

[Vol.

•5

44

75"
5I4
513
414
3
li«

20
90
35
90
95
par
par
150
I514

NovKMBEn

THE (mRONKJLE.

12, 1881.]

Jiitjestructtts
AND

STATE, CITT

AND CORPORATION FINANCES.

The I?rVE3T0Ra' Supplbmbst contains a complete exMhil of the
Funded Debt of States and Cities ani of thi Stocks and Bonds
and other Companies. It ii puMished on the last
Saturday of enery other msith vix., Feoruiry. April, June.
August, Octjbsr and Decem'ier, and is furnished withmt extra
charge to all reyular subscribers of <As Chboxiclb. Single copies
are sold at |3 ver copy.
•/ RdUroads

—

ANNUAL REPORTS.
Old Colony.
(For the yea}- ending September 30, 1881.)
This company's lines are as follows Boston to Newport, R.
South Hraintree, by Middleboro, to Somerset JuncI., 67'79m.
tion, 37'60 m.; South Braintree to Plymouth, 25'94m.; Braintree,
by Cohasset, to Kingston, 32"36 m.; Cape Cod Line, Middleboro
to ProTincetown, 85'77 m.; branches, 54 '38 m.; total owned,
303-84 m.
Boston Clinton Fitchburg & New Bedford road and appendages leased Fitchbarg to New Bedford, 91 02 m.; South Framkigbam to Lowell, 2612 m.; Fairhaven to Tremont, 15'17 m.;
seven short branches and connections, 19'14 m. 151'45 m.; total
aperated 455'29 m.
The operations and earnings in the two last fiscal years em:

;

:

—

braced

tlie

to the report.
Bonds of the eonpany to the aggrvgat* •meant
of 9413,000 hare been paid, and no new bond* bare been iMoed.
To carry on tbb bnaineM of the company in the neit year it
may be desirable to iasae notes or bondJs having more than on*
vear to run, and the directon
foranthority from the stoekholders to isaae sach notes or bonds to the amoant of not eiceeding <!5»0,000." » • • •
" The busini-ss of the year has beep satlsfactorr. It hvt
shown a fair increase over the very large bodiness of the preceding year, and has been the largest ever done over the lines
now operated by the Old Colony Uaiiroad Company. But this
increase in business has its burdens as well as its beneSts. Aa
appears from this report, it has entailed large expenditons
upon lands and eqitipment to enable its transaction with economy to the comp*y 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 directors have felt obliged to devote a considerable part of the
income to provide for the fatare 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 condition of the business the directors have considered it the
better policy to meet this demand out of the income, so far as
possible, instead of increasing the capital invested.
For this
reason they have transferred |90,000 of income to the improvement account, to be applied to improvements of the road and
equipment which are necessary to meet immediate demands."

uk

;

following:
1880-81.

Passeiitrer ratles
frciRlit cari-icd

Ton mllos

.53,794,401

Tons

The earnings

for those years were as follows

5.1)26.279
e9,.502.519

1,371,449
51,169,628

Passeniirers

Freight

Total

Xzpenses, inclndiug taxes

of the

$1,797,238
1,493,531
113,157
84,842

$3,746,4J8
2,499,601

$3,518,769
2.317,122

Net eaminss
$1,246,846
result of the year 1880-81 was as follows

1,201,647

3l8t Jaly, 1881, have been presented.
Accoujrr.

The revenue

of the half year compares with that of the corresponding period to the 31st of July, 1880, as follows
July 31. -90. Julv3l.-81.
,
Gross receipts (mam line and branches)
£437,433
£470,723
Work'gexps.,includ'g transfers to reserve funds 301,228
330.006
:

.

£136,205
. .
^
^
^
, .
Interest on tronds and de^enture stock, leased
lines, balances, and all not revenue charges . 103,1 15

£140,719

£33,060

£40,.563

$1,246,346

Interest accrued
tiSSs interest received

$370,341
61,174

1,787

4,674

Balance interest acconnt
Rentals
Loss on Union FreightRB
Dividends, 6 percent
Credited Improvement account

$309,166
403,190
627
431,028
90,000—1,237,012
$9,833
754,619

Total

$764,452
$2,571

2,618—

Surplus Sept. 30, 1881

5,189

$759,262

During the 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 l}i miles long
was built from Taunton to the Whittenton Mills ; it is proposed
to extend it to Raynham. There were two engines and 95
freight cars added to the equipment 3 engines, 6 passenger
and 52 freight cars were built to replace old ones condemned.
The improvement account was as follows
Balance. Oct. 1, 1880
$70,000
;

:

Premium on stock

sold

'

Charged from earnings

90,000

$25,874
93,114
'

118,989

Balance, Sept. 30, 1881

The general balance sheet

$159,867
is

thus condensed

,
payable

Bills

-

Accounts and balances
Improvement account

"

Surplus

„

.T"t?'

Roiid and equipment
Old C'oliirjy steamboat Co
Nantucket i& Cape Cod Steamboat Co
Other railroad property
Kf.ll estate

Materials

Cash and receivables
Debit balauccD

£34,847
£45.239
To this balance of £45,239 is added the sum of f 12.329, being
divided on the shares of the Detroit Grand Haven & Milwaukee
Railway held by this company, making a total sum available
for divinend of £57,568 an amount in excess of the corresponding half year of £13,474.

—

The gross

EARNiiras.
receipts on the main line

and branches show an

increase compared with those of the half-year ended the Slat
July, 1880, of £32,292, as follows
Increase in passenger earnings
£19,677
Increase in freight and live stock earnings
12,610
Increase in mail and express freight earnings
973
Increase in rents and sundries
32
:

£33,292

WOEKraO EXPENSES.
The cost of working the main line and branches amounts to
£330,006, against £301,228 in tie corresponding half year, an
increase of £28,777. The usual comparison of the gross earnings and working expenses per train pile for the last six
corresponding half-years show the following results
Earnings
Wort^gnps,
:

—

Half-years

I'tr

fer eaU

train
mile.

o/grosm

mUe.

ended.

s.

d.

Jnly31,187C
July3I,1877

4 10<4
4

9>s

July
July
July
July

4

2

4

1»2

31,
31,
31,
31.

1878
1879
1880
1881

—

per
train

4 11%
4 11

s.

d.

3
3

6%

6%

3 2
3 l>s
3 5%
3 eig

reeeiplt.

7363

74H

7605
75-98
69-7S
71-93

W.^BASH COinrBCTIOW.
:

Stocky

B™*'

118,'3!>7

$278,957

„
.J"}?}
South
Abington improvement
Second track

Balance f I'om the previous half year
Suri>lu8

Surplus for the year
Surplus, Sept. 30, 1880
Balance, Wallaaton accident
Sundry claims and accounts

100,154

. .

The

Net earnings

1881.)

company for the half-year ended the

EBVEHUB
1879-80.

138.966
84,160

&c
Rents and miscellaQCous

The accoants

:

1880-81.
$l,al3,925
1,600,395

Mails,

Great Western of Canada.
(For the six months ending July 31,

1873-80.

5,924,030
39,187,583
1.441,618

Pasudnirers carried

525

$7,533,eOO
6,324.000
208,057
533,410
169 867
759,262
$14,518,398

$11,985,657
725,500
15,340
488,225
286,987
387,260
542,028
97 399

$14,518,398

Stock was increased $400,000 and bonds decreased $403,000
during the year.
"During the year past, four thonsand shares of new stock
have been sold. On these shares a premium above the par
value of $118,857 has been realized. While in the form of
returns adopted by the railroad commissioners the premium on
Mares or bonds sold is returned an income, it can in no sense
^'v'^'""'^'"^ *" income to be divided, and this amount has been
credited to the improvement account. This acconnt is annexed

The branch railway between Butler and

Detroit, referred to
in the last half-year's report, not having been open throaghoat
for traffic prior to the 31st Jaly, little advantage is shown from
this connection in the pressnt 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 betwemi
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. Loais & Paeifio
Railway.

GENERAL INVESTMENT NEWS.
Arkansas State Bonds. —A dispatch from Little Ronk, Aric,
"

Nov. 5, says
The Attorney-General of the State, in res^nse
to an inquiry from the Governor, has given an official opinion
that the railroads to whom State aid bondj were issued a few
Tears ago are legally liable for the payment of the iMnds.
There are $5,350,000 of these bonds outstanding, issued to the
Memphis & Little Rock, $1,200,030; Little
following roads
Rock & Fort Smith, $1,000,000 Little Rock Pine Bluff A New
Orleans, $1,200,000 ; Miaaiasippi Ouachita & Red River, $600,—
:

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THE CHRONULE.

526

LV^oL.

xxxm.

and Arkansas Central, $1,350,000. All of these roads are struction company. Chief among the supporters of the new
completed, and are doing a good business, with the excep- road appears the Erlanger syndicate, which controls the
railways.
tion of the latter two, and wjrk is being vigorously pushed on great Southern system of
The route determined upon for the new road, according to the
the Ouachita Road. Senator Garland, Governor Churchill,
ex-Chief -Justice McClure and others have expressed opinions prospectus, is as follows Starting from Cincinnati, the liu'^ folsimilar to that ci the Attorney-General. Suits are to be insti- lows the Inorth bank of the Ohio River to Portsmouth,
tuted in the United States Court at once to force the railroad thence to Gallipolis, on the Ohio River, a distance from Cincinnati of about 150 miles. Cro.ssing the Ohio River there into
companies to settle the question."
—The American Exchange says of this " The claim of the West Virginia, the line follows the Great Kanawha River a disholders of the Arkansas State bonds issued by the railroad is tance of 54 miles to Charleston, where it connects with the
based upon the following drcision in the case of the Florida Chesapeake & Ohio Railroad, coming up from Richmond. From
Central Railroad Company against Schutte, recently decided by Charleston the line turns northeasterly and follows the valley
the Supreme Court of the United States, opinioned by Chief of the Elk River for some 160 miles to its heal-waters at the
Justice Waite. In this case the bonds had been declared uncon- Alleghany Mountains; crossing there through a remarkably
stitutional by the State courts, and suits were brought asaiast low gap, upon a grade of only 73 feet to the mile, it passes a
the roads and prosecuted to a successful termination. In the distance of about nine miles to the north fork of the south
We proceed, branch of the Potomac River, and thence by the banks of same
course of the opinion. Chief Justice Waite sajfs
then, to inquire whether the companies, or either of them, can for some 60 miles to Moorefield, near the b )uudary of Virginia
At the outset it will be and West Virginia. Thence the line crosses the country, via
succe.ssfully defend the Schutte suit.
conceded that the State bonds are unconstitutional. The Su- Winchester and Leesburg, to the Potomac River, a distance of
preme Court of the State has three times so decided in cases about 104 miles, and crossing that river at EI ward's Ferry, it
where the question was directly presented by the pleadings, passes throu(?h the State of Maryland about 57 miles to the
and apparently fully argued,' &o. But it by no means follows City of Baltimore. Thus the line extends a total distance of
that because the State is not liable on its bonds, the companies 601 miles from Baltimore to Cincinnati, of which distance 381

OOO,

now

:

:

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:

are free from responsibility under their statutorj' mortgages.
By the express provisions of the act, the State bonds were to
be given the company in exchange for its own bonds. The
company, not the State, was to use and dispose of the State
bonds. The object of the State was to aid the company with
The State b'>nds were to be made payable to bearer
its credit.
and negotiable, while the company bonds were to the State
alone and not negotiable. The company bonds were to be
coupon bonds, payable at the same time and nlace as the
in
State bonds, and, if the company paid its interest
gold, it was the duty of the State to pay in the same
intention was that, as
It is clear, therefore, the
way.
between the State and the company, the State was to be
the guarantor of the company bonds and the company the
principal debtor. With the public, however, it was different.
There the State was the debtor, and the company was only
known through the statutes under which the bonds were put
out, and the certificates indorsed on the bends itself, which were
that the State held the first mortgage bonds of the railroad
company for a like amount as security to the holder thereof.'
Such bonds of the State with such indorsements the company
put on the market and sold. Under these circumstances the
certificate of the Governor as to the security held by the ttate
is in legal effect the certificate of the company itself, and
equivalent to an engagement on the part of the company that
the bond, so far as the security is concerned, is the valid obligation of the State. The ease is clearly within the reas'on of
the rule which makes every endorser of commercial papt-r the
guarantor of the genuineness and validity of the instrument he
indorses.
We cannot doubt that under the.se circumstances the
company is estopped so far as its own liabilities are concerned
from denying the validity of the bonds. Having negotiated
them on the faith of such a certiHeate, the company must be
held to have agreed, as part of its own contract, whatever that
was, that the bonds were obligatory. It is next contended that
as the bonds were fraudulently put out by the officers of the
companies, and are unconstitutional, the recovery must be conflned to the amount actually paid for the bonds to the agenta of
the companies. As we have endeavored to show, the bonds,
althougli void as to the State, are valid as to the company that
sold them. To this the Chief -Justice answers as follows
" Having been put on the market by the companies as valid
bonds, the companies are estopped from setting up this unconstitutionality.
As again.st the companies, they occupy in the
market the position of commercial securities, and may be dealt
with and enforced as such. The companies, through their
faithless agents, are in a position where they mn.st meet those
tliey have dealt with commercially and respond accordingly.
Fir commerce commercial paper means what on its face "it
lepresents, regardless of what its maker or promoter may have
got for it. The bonds of this State in the open market purported to be what they called for. The companies put them
out, and in legal effect, as we think, indorsed them. A bona
fide holder can now require the indorser to respond to his
indorsement commercially; that is to say, by paying what he
effect agreed the maker must pay.'
—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 bond.s. The condition of the sinking fund "justifies
such action. This order will make an annujQ saving to the
State of $8,000 in interest.
'

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m

Baltimore Cincinnati & Western Centrnl.- Of this projected 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
Ime 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 that the construction of this road is assured, more than
a
sufficient amount of capital having been subscribed.
Ex-Secretary of the Navy Richard W. Thompson has accepted the
presidency of the company, and is to be associated in the manage-

ment with Henry

B.

Hamm)nd,

President of the IndianaDolis

Uecatur & Hpringfield Railroad and of the Boston & New
York
Ajr Lme. The latter gentleman will be at the head of
the con-

—

—

nearly two-thirds the entire length are along the
banks of rivers.
There are 208 towns and cities directly on the line of tha
road, of which 188 have no railroad connections whatever.
Forty-two counties, with an average population of 33,043, are
miles

'The estimated cost of construction given in
the prospectus places the maximum cost of a first-class, steellail, single track railway at |2.'5,000 per mile, or .115,000.000 for
the 600 mi'es. To this the cost of erecting depots, warehouses,
grain elevators, establishing repair .shops, providing side tracks
and rolling stock, and constructing telegraph lines, it is estimated will add not more than $10,000,000, thus providing a complete road in running order, fully equipped, for $25,000,000.
This sum, says the prospectus, is only about one-fourth of the
amounts expended in establishing the other lines from Cincinnati to the sea-board. The construction company which, it is
announced, will build and equip the road is to be r.nowin as the
Union Improvement Company, and will have a ready cash capital of $10,000,000.
The projectors of the new road will hold a
formal meeting next week, at which full plans for the future
will be determined upon.

pas.sed through.

—

California & Oregon. Arrangements have.been made for an
immediate extension of the Cal. & Oregon R.R. from Redding
to the State line. The Oregon Central will build down and
meet the extension of the California & Oregon at the State line.
In a short time Sacramento will be connected by direct rail
comrounieation with Portland, Oregon. This, it is expected,
will be accomplished in less than two years.

Central Constrnction Company.— The Central Construction
Company, which was organized to construct the telegraph
lines of the American Union Company, went into process of
I'quidation immediatelyafter the consolidation of the American

A

Union with the Western Union.

majority of the directors
recently petitioned for leave to withdraw the petil^ion for the
dissolution of the company, but without stating any reason for
their change of mind.
Judge Barrett, in Supreme Court,
Chambers, before whom the application to withdraw had been
made, has rendered a decision granting the application and
discharging the referee previously appointed from his duties.

Central Railroad & Banking Company of Georgia.- The
earnings and expenditures of this company for the year ending

Aug.

31, 1881,

have been—
EARNINGS.

Central Railroad, S.Tvannah Division
(Jential R;iilroafl, Atlanta Division
Central Railroad Hanit
Soutliwostern I lai road
Ui>8oa County Railroad

$1 ,904,435
741,!»23

41,506

9 15,529

I

14,496

Total for roads and bank

;g3,707,891

KXPENDITCRES OP ALL KINDS.
Central Railroad. Savannali Division
Central Railroad, Atlanta Divisioa
Central Railroad liauli
Siiutliwestrrii Railroad
Uiison County Railroad

$1,16R,272
475,158
li),041

613.189
12.736
2,318.398

Leaving net

$1,389,494

Compared with the previous year, the earnings of the company have increased $517,401, and the expenditures $665,841,
showing a decrease in the net receipts of $148,440.
Chicigo St. Pnnl 9Iinne»polis& Oiuahn.— In the Chroniolb
of Oct. 22, on page 441, was quoted an abstract of this company's report to the Wisconsin State (-Jommissijner. It appears
that the earnings were there given for the portion of the company's lines in Wisconsin only. There was also an extraordinary statement of " 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 company decided to make no annual report for the year ending

June

30, 1881.

The Auditor

writes " In preparing our report for the State
Commissioners we have followed, as nearly as possible, the requirements of the printed blanks, and have shown what is
called by them floating debt separately, instead of deducting, as we properly might have done, the material on hand
and cash assets on the opposite side of the balance sheet."
:

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KOTBICBBR

THE CHRONICLK

12, 1881.]

•" In drswinpr off

the items hIiowd in the report for pablication
corresponaent ha,<i taken only the stocic (ind dt-bt «? Hhown
therein, without publishing; the fiKUres shown on the other
side ot the balance sheet, exhil)iting the assets representing
the stock, funded debt and floating debt (so called).
" The item of floating debt thus published is composed as follows
$68,76G 58
ConpouH unpaid (not called for)
Acoruoil liiloroat on bunda (coupons for which are not
162.310 00
yet duo)
Current vouchcm for Hupplioi (not yet due), and pay688,816 60
rolls (not Vf-tilue)

Indianapolis

Drnmmond was

627
BIoomlnftoB

A W«Rtern.— While

Jadge

Indianapolis two weeks ago, he waa
chiefly oocuuied in disposing of a larpe nnrolMr of intervening claims in
the
foreolonore
suit
against the
Indianapolis Bloomington Si Wea'Hrn Railroad.
The Coart
found that between $5.')(),000 and $600,000 had been diverted in
payment of coupon interest, and in permanent improvement*
and betterments of the road, which onght to have been applied
toward the payment of these intervening (-laims for supplies,
etc.
The .Judge also disposed of claims amounting to upward
of $500 000 for car-service, labor, supplies, materials furnished,
bl'lg
fis
standing
In
(liitlu
iliin
etc.
The railroad had been sold under the mortgages, and a
Bills iiaviiolc
f2)8,89.')
recolviiblo acoimut on the other side of the balance
reorganization had tieen made by the purchasers under which
364.637 .S8
Blieet)
the
line
had been operated. The purchasers of the main
U3,<I10 T4
Taxes accrued (not yet due)
and extension
lines
were
different,
and
Aeoiits' dnifts (not yet preoentod for payment)
ifiTri 73
they
were
932 7'> put in po8.ses8ion, subject to the
Dividends unpaid
payment of these
26,442 11
Balaucu due ou rolllug stock contract
claims allowed or to be allowed by the Court.
"I'he
.".
$1,409,525 O'J purcha-sers had made provision for the payment of the claima
Total
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 foland extension lines being settled by stipulatiL>n between the
lowing cash or qaiek a.s8et«, from which we might with pro- pirties. 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,
assets and the other of liabilities, viz.:"
directing the purchasers to pay tne claims within sixty days.
$1,617,881 41 Although it was not the practice to allow interest on such claims
Cash
Agents' remittances, in course of transmission, and
in the case of the sale of an in.solvent railroad, where the mortfreight bills uncolleotod In the hands of agents
239,188 85
gages lose a large pnrtion of their debt, yet in the present ca«<»
alanccs of accounts with railroad companies, various
IHirsoiis, cr)rporution8. United Stiitcs Post Office Dea small part of the interest due was allowed, the purchasers
partment, anl Amerloin Exnrcss Company
109,503 49 having taken possession of the property in 1877.
All the
Bills rcceivaVile (St. Paul & Sioux City Railroad notes,
claimants were decreed to bear their share of the expense inf;ivcn to the 8t. Paul & Omaha Company, and standing
296,893 58 curred in establishing their rights, including legal fees, the costs
n bills payable accoUEit. since closed off the books)
526,622 35 having been, as a matter of fact, borne by a few, though all
Material and fuel on liand
received the benefit. The general costs are to be paid by the
Total
$2,790,091 68
purcha.sers. The latter intend to take the case to the Supreme
Confederate Currency. In view of the recent interest in Court of the United States. Chicago I'ribune of November 2.
Confederate bonds, Messrs. Thomas P. Miller & Co. of Mobile
Manhattan Kallway.--The annual meeting of the stockhave furnished us their " war card," showing the monthly holders of the Manhattan Elevated Railway Company
was held
prices of gold and Confederate currency in Mobile daring the
on Wednesday. The following directors were elected
Jay
war, and we give below the prices on the 1st of each month.
Gould. Russell Sage, John H. Hall, William R. Garrison,
1863.
1864.- X
IS 02.-^
1863.
Edward M. Field, Henry F. Dimock. Cyrus W. Field, Samuel
CurCurCurCur- Sloan, Sidney Dillon, George I Gould, Washington E. Connor,
Ootd. rency. Oold.
rency. Oold.
renci/.
Oold.
Date.
rency.
.10(1
100
310
100
l,.-00
120
100
Jan.
3.400 George S. Scott, and Robert M. Gallaway. A report ofthe settle300
100
5.00O ment oetween the New York, the Metropolitan and the Manhattan
.100
125
100
1,900
100
Feb.
100
March
.100
140
100
350
2,000
100
4.700 companies was read and approved, and the following resolution
.100
1K3
100
460
100
2.000
April
100
3,000
was pas.sed
170
515
100
May
.100
100
1.600
"That while the stockholders of this company regard with
100
1,800
June
..100
190
100
625
700
100
July
100
100
1.700
190
satisfaction the settlement thus made with the New York and
2,(i00
1(10
Aug.
.100
200
1,000
100
Metropolitan companies, they recommend that measures be
.10)
1,400
100
3,000
Sept.
225
100
taken to merge into the stock of this company the stock of the
1,"00
100
2,r,oo
Oct.
.100
2,i0
100
Nov.
.100
300
mo 1,200 100 2,500
two other companies that is to say, that a surrender or trans1,750
100
Dec.
.100
300
100
2,700
fer of the capital stock of the New York and Metropolitan
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 authorthe Secretary of State of Teias. The proposed line of road ize the i.ssue of the like additional amount of the stock of this
will extend from some point in or near the city of Dallas, thence company, not exceeding in the a^gre^ate the stocks of the
running in a northwesterly direction to a point on the Rio New York & Metropohtan companies- that is is to say, $13,Grande in the county of Pre.«idio ; and also a line from some 000,000 on such terms and conditions as may be agreed upon
bet ween the three said companies."
point on the main line in Ha.skell or Throckmorton county
8ut)sequentl,y the new board met and elected the following
thence running in a northeasterly direction to some point on
President, Jay Gould j Vice President, Robert hi.
the Red River, in the county of Wichita or Clay, being a total officers
distance of 750 miles. The principal office of the company will Galloway ; Secretary, F. E. Worcester ; Treasurer, John P..
be in the city of Dallas. The amount of the capital stock is placed Bod-;- ; General Manager, F. K Hain.
—President Gallaway wrote a letter to Mr. Cyrus V,'.
at $7.50,000, in shares of $100 each, with the privilege of increasing the capital stock from time to time to any amount required Field relative to the earnings for the year ended Sept. 30, i.i
for constructing and operating the road. The following are the which he says
names and residences of the incorporators: Jno.
"During the month of .Harch I canseil a coimt to bo made of the p.issei!
Forney,
to the fliinl und from the Third to tlio
Samuel J. Randall, W. H. Brady, Frank Link, Thomas J. gers transferred from the Second 8<iiiare
daily. During the entire moiilli
Av. uiie lines at Ch;itham
Second
Everett, W. W. Restsell and Jatnes Forney, State of Pennsyl- '05
618 pas.sengers were transferred from the Se»ond .\vt-nuc inc to t. d
vania Cha.s. H. Cole, J. W. Throckmorton, W. M. Walton and Third Avenue line. Also 3 '.--'SO pas<eugcr8 transferred from the Oily
Hall branch to the Second Avenue Hue. In the drst Instance the fanes
C. C. Slaughter, of ihe State of Texas.
wore collected by a.id credited to the Second Avenue line. In the last
Eastern (>Ia!>s.) The returns made to the railroad commis- instance the fares were collected by the Thli-d Avenue line and
balance
line. This would give a
sioners by the Ea.Htern Railroad for the year ending September credited to the Third Avenue
of 17.1,338 passengers In favor of the Thlnl Avenue line. The
80 give the following particulars in comparison with the pre- averagu fare received was 6 81-100 cents, uiakliig $11,939 for the
vious year:
mouth. Tills being an average mouth wond iflvo ,1!143.2i>8 tor the year
The total net ri^ceipls (.iccordliig to
in favoi- of the Third Avenue line.
1880.
1881
Grosseamlogs
theliooks of the Manhattan Company) of the .MeiroiiollUiu K evated
$3,0:i7,279
$2,!)O4,055
New
York r;levatcd road .$1,073,424.
of
the
and
$"3.'>,.5fi6,
Operating expenses and taxes
road was
1.820,128
1,S>69.672
Deducting $143.-268 from the MetropoHtaB line and adding the «smet«>
for the .MeirojHjliian Elewould
iiive
$792,298
Elevated
Kct earulDgs
$1,087,927
$1,127,600 the New Yiirk
anil $l.216.t;92 for the New York Elevated road."
Interest
$671,697
$667,558 vated
follows
arrive
as
a'
I
The use of tlic sho]'"
Kentals
226.23S
2 8,330
have rcceiveil plans and stimates from our engineers snowing tuat
Balance for year
1^6,993
241,711 .$160,000 would erect and stock a machine shop ailequnte for all pnrpowa
Mctroiiolitan line. 1 also am iiiformeii that the vnlue of the land
the
of
The above items show an increa.se for the year of |189,217 in
upon which the shopa would he ercctiMl is $1T5.0(M). making a total of
gross earnings, |149,544 in operating expen-ses, $39,t)72 in net $335 000, 10 per cent of wliich ($33..50O) would const ler a" a sufflclent
earnings, a decrease of $15,440 in the interest and rental. Which rent for the Metrop"litnu Elevated to pay the New York Elevated
D.-dmiliij,' this $13,800
leaves an increa.se in the surplus for the year over the previons for the use of tlieir machine shops.
the $792,298 n -t of the Metropolitan Elevated w.-uld leave
year of $54,718. The following table gives details of the traffic from
$75-<.7j8 n. t for the Metropolitan, and adding to.- s,.inc to the f 1,2X6,$!.•-' .'.0.1 92 nelfortko
operations of the road for the past two years:
'J92 net of the Now York Elevat.-<1, would give
for too luoai
New York The tiitore..il on the Mctro|K>iltan lioiided dclil
1880.
1881.
calcul.it Ions ore
tlie.se
all
(l)cin.r
the
tliue
Total number of passengers carried
5.249,789
5,793,150 vcar ending .Sept<'Uilier 30
from
the ii75-*..!iS not ol tne
which,
deducted
ina.lei
was
Total passengers c>.rrleil one mile
iJ7i«.37(;.
77,081,098
83,411,100
Metropcditan. ..s shown before, w..uld leave *12.l 1-' net. or aii equivaAverage rate of fare per mile received from
lent of Ihss than onellfthof 1 per cent dividend on the stocH ot tnat
all passengers
1-978
1-931
thfl

in

:

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:

—

.

.

.

.

.

.

:

—

.

—

;

:

:

W

i

—

:

1

...

i

1

I

cts.

ots.

Total tonsof freight
1.021,999
Total number of tousof i reight carried one mile 61 .707.305

l,l>24,061
63,09i),8 73

—

Florida Cenlr.il.— .lAClc-jo.yviLLE, Fla., Nov. 5. The sale of
the Plorida Central Railroad, extending from this place to Lake
City, advertised to take place to-day under a decree of the
United States Supreme Court, was postponed by order of Judge
Pardee, toDecember 11. A number of European capitalists
who were here to attend the sale were much disappointed that
it

did not occur.

lioiiig

wW

-U,
on the New York Elevated bonds is $595,000.
deducted from the net spoken of aoovc ($1,250,192). would Iev»
or equivalent to a dividend of 10 8-U'0pe cent upon i:s

'^"™?h.'''lntere«t
.$ri5,').192,

" In both Instances these calcidatioua are exclusive of taxea."

—The Manhattan Elevated Railway Company notified the
Stock Exchange Thursday that its capital stock would bo
increased fram $13,000,000 to $26,000,000, for the purpose of
merging the New York and Metropolitan stock into Manhattan.

\

THE C^HRONIOLK

62a

(ToL.

xxxm.

flist preferred
stockholders, $6,500,000 second
preferred to the Metropoliean stockholders, and the $13,000,000

On class 2 one instalment was
est was ever paid.
paid, and on class 3 two instalments. About $13,000,000 of the
bonds were issued, and were readily taken up by the Northerners at 185 and $90. To provide for paying their interest a
special tax was imposed by the State, hence the name nowapplied to the bonds. Some years ago the State debt of North

Hanbattan and Metropolitan as to the proposition of the Manhattan Company to merge the stocks. Mr. Field afterwards
said that he and Mr. Gould had met and agreed that the
proposition should be accepted. Mr. Sage was not seen by
" It is reported that suit will be
them. The World eays
brought by the New York Company against the Metropolitan,

Carolina was reorganized, and these bonds, while not exactly
repudiated, were not included in the new list of indebtedness.
The bonds have depreciated in value, until to-day they are
selling at $10, with few purchasers at that figure. Heretofore
there has been no relit-f for this class of sufferers, as the Constitution of the United States prohibits the suing of a State by
an 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 conditions, maintain against another State the suit of an individual.
It was resolved at yesterday's meeting to test their
rights under this law, providing a sufficient number of the
bondholders could be interested in the project. Justice Flammer and Mr. Hendricks were appointed a committee to confer
with the larger holders in Wall Street to secure their co-operation, and the meeting adjourned snject to the call of the chair.

It

is

reported that f 6,500,000 of the stock to be

will be issued to the

New York

ivmainiDg to be common stock. The New York Company
directors held a meeting in the afternoon and appointed Cyrus
W. Field a committee of one to confer with the presidents of

:

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 Cbalhsro 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."

—

Minneapolis & St. Louisi. 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 baild to Greenfield on the Chicago
Burlington & Qulncy, 90 miles from Fort Dodge. On the Pacific 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 com-

pany 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.— Jlailro ad Gazette.

New York Central.—The Boston Advertiser reports •' The
Clarion Mahoning & Pittsburg Railroad is the title of the extension of the Dunkirk Allegheny Valley & Pittsburg road,
mnning from North Warren to Brooksville, Jefferson county.
The road crosses the Connewango Creek, just below Falconet's
Island, and runs thence east of the Connewango, and crosses the
:

Allegheny River on Butternut Island, at Glade Run thence
running to Stoneham, crossing under the Philadelphia & Erie
Kailroad at Dutchman's Summit. Then it rons down the
Tionesta Creek as far as Blue Jay, then up the Blue Jay to
Ward's Summit, then up Maple Creek to Brooksville, a distance
of sixty miles. The distance now by rail is 150 miles. The
main object of the road is to furnish the New York
Central with coal from the Jefferson County coal mines. The
preliminary survey has been made about two miles up the Blue
Jay, and the location has been made from North Warren to
Clarendon. The grading will begin soon. The work is under
the general management of Mr. C. Karr, managing director for
the company."

—If. Y. Times.
Pacific Mail— Pacific Railroads.— Representatives of the
Union Pacific Railroad Company, the Pacific Mail Steamship
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 stated 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 notice of an abrogation of the contract,
which, under its terms, will expire January 1 next. A compromise coinmittee 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.
Huntington for Panama, President Trenor W. Park.
:

;

;

;

& San

Francisco.— A press dispatch from St.
says " A deed of trust recently issued by
the St. Louis & San Francisco Railroad Company for $30,000,000
was filed in the Recorder's office here Saturday evening. The
deed was ^iven to the United States Trust Company of New
York, and is on the entire line of the road and its property, and
not only covers all present indebtedness of the road, tut all
future extensions and branches. The present debt of the road
is $15,000,000, for which new bonds will be issued at once,
and the remaining $15,000,000 will be issued as requirrd for
construction of the main line and branches. A copy of the
mortgage will be filed in each county in Missouri, 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 folTexas-Mexican. The Galveston News says that a represenlowing securities:
American Dock & Improvement Company— The 7 per cent tative of that journal saw at the County Clerk's oflice, lately,
mortgage bonds dated October 1, 1866. udw upon the list, have a deed from Charles S. Hinchman a.id wife of Philadelphia,
been recalled, and the company has replaced them with an issue conveying, for a consideration of $60,000 in cash, to
of $5,t00,0C« of first mortgage bonds in 5,000 bonds of $1,000 the Texas-Mexican Railway Company, to the Guarantee Trust
each, with interest at 5 per cent. The new bonds are placed on and Safe Deposit Company of Philadelphia, by deed of trust,
of date June 30, 1877, and sold to Charles S. Hinchman by the
the regular list.
Galveston Harrisburg & fan 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 beFebruary 1, 1871 ; Nos. 4,501 to 4,800, each $1,000. La Grange longing to the Galveston Brazos & Colorado Narrow-Gauge
Railway Company, extending from the eastern terminus of said
extension, dated August 1, 1880; both mature February 1,
1910;
name rate of interest, payable at same time; included in the road in the city of Galveston to Seaforth station, comprising
same mortgage; are on an entire equality and are a first mort- about fifteen miles of said railroad, together with all the roadgage on the total length of road, 256 miles, and sidings 20 miles. beds, lands, rights of way, franchises, &c. There is also on file
They have been on the list and called separately. The com- in the County Clerk's office a document far more formidable in
pany requested that they be united and called as one, and the appearance and interest than the 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
Secretary of the Texas-Mexican Railway Company to the Guarcall as
hrst mortgage bonds.
antee Safe Deposit Trust Company of Philadelphia, conveying
to the latter as trustees all the line of railway and telegraph
New York West Shore & BnfTalo.— 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*'*''''oad Company and the New York West
Shore & structing, &c. The mortgage specifies the various lines cf road
*f*'
^nlfalo
Company for the acquiring by the latter company of proposed to be built, embracing 1,400 miles, and sets out the
Athens Branch Railroad, &c., have been amicablv concluded. fact that the stockholders and directors have authorized the
Ihe West Shore Road, by this arrangemeit, obtains possession execution of the indenture " that they have resolved to
of the railroad built by the New York Central Company
from issue mortgage bonds upon the Toads constructed and to be
Athens to Schenectady—40 miles long, with 4 miles of sidings constructed in amount not to exceed $15,000 p^^r mile; that this
acres
of
17
land in the town of CoxFackie, and over 400 acres of moitjgage 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 denomination of $1,000 each, to run forty years, diawing 6
the Hudson River. This branch will at once be double
per cent interest, principal and interest payable in gold."
and made pait of the main line of the West Shore Road.tracked
This
purchase will greatly hasten the completion of the West
Wabash St. Louis & Pacific-The Quiney Missouii & Pacific
Shore
Greene, Albany, and Schenectady counties.- division is to be extended from Trenton to Pattonsburg.
*Jj.?"°°^^
Jf. Y. Times.
Articles of consolidation with the Wabash system were filed
North CaroHna State Bonds.— An informal meeting of Oct. 27 with the Secretary of State by the Danville & Southwestern, St. Francisville & Lawrenceville, and the Cairo & Vincennes,
Jioldere of certain North Carolina
bonds, to discuss the propriety this being the final step in the absorbtion of these roads bv the
or resorting to legal measures to compel that State
to reco«r- Wabash. The stock of these roads is to be canceled, and the
nue her own indebtedness, was held in the Astor House
l^t holders are to receive therefor Waba.sh bonds to the amount of
"°^®° gentlemen, representing
$500,000 $3,877,000, divided as follows: To the stockholders of the DanL*".^ * ,
of, the
bonds-special tax bonds they are called— were
ville & Southwestern, $1,340,000; to those of the St. FrancisJustice Flammer was appointed Chairman and
ville & Lawrenceville, $120,000; and to those of the Cairo &
JjOTtimer \?''J
Hendricks Secretary. The bonds, it was stated, were
Vincennes, $2,000,000, and $350,000 for the purchase as rolling
*''*'
as State aid to certain rail- stock now in use on the Cairo & Vincennes, and
i^d« and
in^*'*'*''!,''''-^"!'".
$45,000 to pay
loaos,
were divided into three classes. On class 1 no interthe indebtedness of said ftomipaMy.— Railway Reoiew.
St.

Louis,

Louis

November

7,

:

—

^e

;

w ^

-^u
wmh

V^°

*"

NOVEMBKIl

THE CHRONICLK

13, 1861.]

629

COTTON.

5Itc CTammei'ciiil Jsimes.

COMMERCIAL EPITOME.

from the Sooth to-night,

this evening (Nov. 11), the total receiptH have reached 234,42(1
bales, against 216,68,5 bales Ust week, 203,241 balen the previoon

Fridat Nioht, November 11, 1881,
General elections were held in this and several other States
on Taesday. Their reMuIts were not important except in the sac-

week and 184,631 bales three weekn iiincej making the totek
receipts since the 1st of September, 1881. 1.60(J,8D0 bales, against
1,857,906 bales for the same period of 1880, abowing a dectvaift.
since September 1, 1881, of 351.106 bales.

cess of the "Keadjuster" or semi-repudiation party in Virginia,

and precisely how maoh this means is now quite uncertain.
Election day is a close holiday in this State, aad 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 lncre.ise, 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 necessary to sell some 800 bags at auction; mild grades have been
moderately active at about steady prices; atrthe 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 Ic. higher.
Molasses has been very quiet; new crop New Orleans has been
quoted at C5@74e. Raw sugar has been quiet but firm at last
week's prices.
IThds.

Receipts sinre November 1
8lnc(* Nov ciubcr 1
Stock Novfiiibcr 9. 1881
Stock November 10, 1880

Sags.

Soxes.

4,147

Bales

52,909

0,140
577,325

52

1,021.318

4,398

more active at firm
and crushed, 10;^c.;pjwJered and cubes, lOJgc

home consumption.

leaf 7^'^@14c.

2,350

Indtauola, ice.
Orleans...

Lugs are quoted

Seed leaf has been quiet,

6^@7!4c. and
and sales for the week

:

Wed.

1,017

Thurt.

4,073

3,112

PH.

Total.

2,062

ie,60S

603

60»

6.532 14,220 11,305 13,813 10,680
2,978 3,532 1,849
1,730
1,002

7,771
2,001

61,824
13,181

783

Savannah

6,819

7.367

5,715

6,311

5,672

6,317

73a,
37,401

Bruiisw'k, &c.
C jarlcston
rt. Koyal, itc.

5,021

5.459

8,715

5,391

5,457

4,528

591

594

Wilmington....

1,819

1,371

1,663

1,845

031

1,202

8,081
860>

4,970

5,046

5.809

4,725

5,008

470

427

4Z5

530

1,169

1,899

1,584

1,267

809

Baltimore
PhUadelp'a, &c.

265
774
793
344

5,222
3,009
261

173
86

589
256

463

111

1.780

week

31,fii),')

MobUe
Florida

209

Moreh'dC&r
atyPoiut,&c.

New York

Totals

tills

20»
29.«0T

860

Norfolk

.

30,680
3,090
2.38T
7,80a
1,502
3,0tO

46.305 34 ,,301 40,389 .13.590 38.169 224.420

For comparison, we give the following table showing the week's
total receipts, the total since Sept. 1, 1881,

and the same items

and the stocks t»-nigh4

for the corresponding periods of last year.
1881.

1880.

Slock.

Receipts to

November

This
Week.

11.

Galveston

19.003

Indianola, &c..

603
64.324
13.181

Now Orleans
Mobile
Florida

785

Savannah
Oh.-vrleston

558
48,688
17*216

12,461

173

860
30,680
3,09u

<to.

2.35)7

Boston
Baltimore

7,802
1,562
3,010

Philadelphia, &c.

1,1880.

1881.

1880.

202,957 85,930 68,394
6,747
8ia
375.170 22.5,572 189,519
1 18,807 27,281
30,478

608

2,77

3,987
227,617
11,107
53,267
4,857
209, 19G
20,338
10,286
43,352
10,226

8,G81

Sinee Sep.

21,816

209

New York

Total

1881

180,212
7,209
407,090
90,462

35,644
79
22,641
3,549
7,403
1,083
32,824
9,974
6,905,078
1,100

Wilmington
M'head City.&c
Norfolk
City Point,

1,

Thi*
Week.

312,326

29,607
594

Port Royal, Ac.

Sinee Sep.

37,101

Brunswick, &c.

at

400 cases 1880 crop. New
England wrappers, 18@10c., and Housatonic, assorted, 21@25c.;
300 cases, 1880 crop, Pennsylvania, assorted, 12@l8c.; 200 cases,
1880 crop, Ohio, private terms, and 400 cases, 1880 crop, Wisconsin fillers, 2}i@3)ic.; assorted lots, 7@3e., and Hivana seed,
10@15c.; also 400 bales Havana*fillers, 86c.@$l 20.
are only 1,300 cases, as follows

Tatt.

6,901

;

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

Hon.

Sat.

Now

Melado.

Refint:d sugar, after a dull week, closed
prices; cut loaf

iUeeipltat—

Qalveaton

411,080

3,853
(i,9H
8,452

^^,340
Gl.oSti

BUDAI. P. M.. November 11. 1881.
Ceop. a* indicated br out tolegnun*
in given below.
Fop the week endimr

Tot Mo^bmbtt of thb

4.751

380,782 90,133 135,074
3,136
282,489 108,991 129,38%
17,026
415 S,810
55,832 19,796 2S,33S
8,079

259,476

45,339
72,501
23,481 133,302
25,769
3,420
7,920 22,234
12,004 14,291

00.07»
93,03t
2.52S
25,80S
o.9ia

224.420

,606,800 215.842 1.8>7.906 777.039 72.62<k
and somewhat
In order that comparison may be made with other years,
there was an improved
give below the totals at leading poits tor six seasons.
state of affairs, resulting from stronger advices from the West_
Mess pork on the spot was sold at $17 50 January options Receipts a<— 1881.
1880.
1879.
1878.
1877.
1876.
were quoted at f 18@$18 45 February, $18 20@518 50 bid and Oalvest'n,<&o.
20,208
22,374
21,113
21,699
20,654
28.84S
asked. Lard wa« firmer, and prime Western iold on the spot at New Orleans.
64,324
48,638
61,272
38,871
56,307
46.833
Mobile
13,181
17,216
11,459
19,723
15,374
22,S<>»
11-35@11 373^c.; December options realized ll-45@ll-50c.; JanSavannah
37.401
35,814
42,532
26,379
31.799
ST.iaOr
nary, ll-65@ll-70c.; February, ll-75@ll-77^'!.;March, U-87^e.;
CharrBt'n,ifec
30,^01
26.190
18,229
22,468
24,591
refined to the Continent, IveOc. Bacon was dull and almost
26,413
9,541
8,486
5.991
8,959
7,620
wholly nominal at 9]4c. for long clear. » Beef hams and beef Wilm'gt'n, &c
8,t4S
42,798
33,779
46,757
22,444
31,598
have ruled quiet, but without essential chinges. Tallow has Norfolk, Ac.
33.938
All
others....
11,246
sold fairly well at 7?i@7%c. for prime
15,783
12,863
15,471
6,628
11.405*
Stearine is dull at
ll?4c. Butter has been weak and dull, b:i it the close a better
Tot. this w'k. 224,420 215,812 226,216 176,004 191,571 205.a0«l
tone prevailed. Cheese has declined to IO>^@12Mc. for fair to

The provision market has continued
weak during the week, but at the close

irregular

;

;

choice factory.

Naval stores have been irregular,

jtosins

have declined to

$2 50 for good strained in the face of la.ge arrivals and small demands. Spirits turpentine has advanced to 55?6c. in yard,
owing to reduced offerings and higher Southern advices.
Petroleum has continued dull and A-eak. Refined for export is
now quoted at 7)6c* Crude certificates have shown great
irregularity, but close steady with sales at 84^c. Ingot copper
has been more active and firm at 18J^@18i4c for Lake. All
other metals have been fairly active at full prices. Hops
continue in fair export sale at 22a30c. for State, 1881. Wool
has had a 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 grain and petroleum trades. To-day grain
was taken to Liverpojl by steam at 4^d. standard and 4^d.

and corn at 4d. 5G lbs.; bacon and cheese, 158.; cotton,
3-16@/^d flour, 128. 6d. per ton; grain to London by steam.
472©4%d.; do. to Hull by steam, 4>^d.; do. to Cardiff by steam.
'° Avonmouth by steam, 4>6d do. to Bristol by steam,
a;!j
4/4d.; do. to Cork for orders by sail, 4s. 3d.@43. 4J6d. per quarter, regular, and 4s. Id. free of elevating charges;
do. to Lis000^120. per bushel; do. by steamer to Newcastle, 3s. 9d.; do.
to Copenhagen by steamer, 4s. 6d.; refined
petroleum to
Bremen by sail. 3s.@3s. O^d.; do. to United Kingdom, 38. 6d.;
60

lbs.,

;

;

do. in cases to Calcutta, 20c.; do. to Oran,
17J6c.; do. to PhiUip*^
opolis, 18c.

Since Sept. 1. 1606.900 1857.906 1667.438 1364.2.^.3 1125.721 1421,903
Oalvecton ln'.rludes [udl.iuola; Charleston iiiciudc.4 Pure Koyal. Ae. ;
WllmlBgron Includes Morehead City, Ac.; Norfolk Inoludes City Poiut. Ao .
The export* for the week ending this eveninsr reach a total
of 102,836 bales, of which 55,183 were to Great Britain, 12,338 to
France and 35,315 to rest of the Ointinent, while the stocks aa
made up this evening are now 777.039 bales. Below are th«
exports for the week and since September 1. 1881.

Week Ending Nov.

11.

rtvm Sept.

Exported to—
;

Exports
fromr~

Oreat
BrW'n.

ConU- Ibtal

Franu

IMOt.

Wstk.

QalTOBton

New

Orleans..

Mobile

15.t,41(

11.710

9.«e3

87,«T7
8,416

3,443

1. 18S1. to Xov.
BxporUil to—

Oreat
Britain.

tranu

Continent.

It.

18B1

nw.

48,783 ~7.078
liasse 48,166
7,970

49.338

*l«.IMO
7,V«>

8,23"

uO.AOR

118.(04

9,806

27.619
1,421

«3.(Ut

rioiids

SAvannah

8,»38

8,»l»

li.rti

Charleston •..
Wilmington...
Norfolk

1,802

7.330

4,274

8.618
*Jt!H

5S,18S
39.685
13.010

•.•.7J3

8,527
1.213

M.880

77471

7.038

Tfl.ies

19.»)U

II.4SV
8«,e*t
vn.oa^i

IJJOl

2I,4W

1

8ljm

4,003
i.iai

17.308
8,887

13.483

MMX

S3.8I5 102386

48l.'>78

New York

5.188

Boston
Baltimore

1.201

PhUB<lelp-a,&o

Total

39?

8.1W

2.311

l,l«]
S5.18,S

1?,331

Total 1880... «( .^'^n 11.0.1.1 2s.4fil I04,"M
•laoludea exports from Port Boval. Ac.

8.8ft>

11,811

tMm

80

8AS1

78,983

IS2,7«7

TIS,!*?

Rll.SSI laSJMN

!7*.W^

«B7.«»

THE CHRONICLE.

530

[Vol. XXXIII.

Ch3 ^?

g-ive
In addition to above eiports, our telegrams to-mght also
cleared, at
us the followin." atnoants of cotton on sUipboard. not
which
the ports named. We add similar figures for New York,
Carey, Yale &
are prepared for oar special use by Messrs.
Lambert. 60 Beaver Street.

On Shipboard,
KOT.

450

20,719
None.

10,570.

500

4,900
6,364
1.800
7,500

None.

53.683

23.185

22,099

BTew Orleans
Mobile
cnarleston
Bavaiinah
Salveston

New York
Other ports
Tot»l

1,966
None.
None.

Ooast-

•

None.
3,350
4,800

1,500

2,532
None.
3,000

42.456

14,814

175

Slock.

56,493

1,132

12,543
None.
9,054
15,600
3,584

4.i0

23,474
25.300
14.44b

169,079
26,831
85,517
71,484
131.487
93.548

134.238

642.801

active;

and

to
o
ui

—
O

VT

injury.

On Tuesday, when

Thursday, under

a subsidence of

;

B^.^»

lost

demand, and weak, closing

and revived speculative confidence, upon which an
important advance was realized. Cotton on the spot was quiet
and unchanged until Thursday, when the high grades were

wto_

NEW ORLEANS.
Sat. mon Tnes
9i«

Ordin'y.^lb S's
S'^a
Strict Ord..
9-ia
9'l«
Good Ord.. 1014 1014

Btr.G'dOrd lOiiie'lOiiiB
Low Mid I'g llhs 113,8
Btr.L'w-Mid U'ln ll'l«
Middling... 11»«
1108
Good Mid.. lll°16 1116,8
Btr.G'dMid 12318 123,8

Mldd'g

9"l6 9'ilB

loV
^
n
;

IS'iB il37|8

IWed Th.

lOifl

1015,8
ll'ia
1111,8
ll'a
123i«
12'j8
l-2ii,, 12iB,e
1311,8 1311,8

1010,8
ll'ie
1111,8
ll'a
123,8
12',n

•a

Fail- Ijiii6'l2lii6

Fair

9ifl

:

-i-iO

1

1

'137i«

13iu

IL'H
12-M
13is

STAISED.

sat.
81^
912

..%) Hi

Btrici

Good Ordinary

10-<,B

Middling

Frl.

Sat. |non.

'..\

113,8

918
9>8
911,8 91118
1013
101a
1015,8' 1016,8
11-16 ll^ie

.Quiet
Mon .Quiet
Tuea.
Sat

.

port. sump,

250
363

.|Quiet
Thura Q't 4 «t'y. rv. quo
Fri . . |Qui«t and steady

The

I

217
.

Wed

Total

Con-

lliiisU'Me
11''8

ll'a
123,8 123,6
121,8 127,6
1216,8l2lS,6
i;iii,6'l3HiB

o
W to
o tOWo
O o
00^
CD

tOt-i

o
O o

Wed Tb.

B^a
913
103,,

693
620
P«3

...

1,700

50

2.29.';

.50

M—
H* —

d-'io

WWtS

ODQO^

ODOR
»-tOto

Si>«

- — UI

OQO

I

c^;o

I

MtO

S)W

I

oocoo

^.-i

I

&J»

o

r- 1«

to to

Cj AtO

9 = 1-

Ci'CO.^

totoo

tOlOo
r^tiO

MO

«.-

I

ciijo

M
CO

CDre.-j
I

eito

I

(31=0

to to

I

660

to to

to to
to to

*.«

I

>-MtO
to too

«j6o

to to
to to

cox
S.w

O^M
so

o6c>

toto

•XOD

eo*-

1

aw

to to
to to
CO -J

QINJ

I

to too

H*
to

—
CO
too

totoo

tc

lOWO

cotoO

tow==>

tow^

to to

to to

H-O
COOJ

a

siw
to too
1

14-

M-O
MOO

i

00

CtO

to:o

»lit»

CO to

I—*

oco

^03

sr
-ot
to to o

t~'f-'^

oco

cno

C'O

0:0

to^

coco

oto

1

to

too

to to

to

'Co

to

coCo

01 CO

to to

to to

to to

db'J'M

It*.

CJtrfk-

oo-

100

to

03J

-1
CO

®

TS*-

"-"-to

H*"-CO

I

to

to®

to to

utx
to too
rflcjiO
*.lto

to

too

if^CO

o

to too

«i

1010

to 10

I

:

cJii^O

tod
CiOi

o;c;i

CO

c;i

I

v-O

«

^

I

ItOp
tcjiO

Frl.

U'la Ifie

00^1

00

—

tO.B

Oi

07

to to

to to

to to
-.1 *i

00 c»

CO 00

OS OS
ll

1

a
o
O o

c:

c

I

«

I

^

0-4
I

•"•

to

9
— ^i

totoc

too

CD-'lO
tOUi

coco

lliiiellil|6

uV
1214

li^a'

12

1

1
'

'4

121a
13

12^

13%

13%

1

13

S;

I

d:

I

o
o

I

I

d

• Includes sales in September, 1881, for September, 314,000
September-October for Ocrober, 416,400.
Tiaiwferable Orders— Saturday, 1155; Moulay, 1150; Tueeday,
Wednesday. 11-.50; Tliuraday. 11-45; Friilay, 11-60.
Short Noticea for November—Saturday, 11-51; Wednesday, 11'47;
;

;

The
Deliv
tries.

900
700

593 85,100
620 77,300
924 123,800

900
700
900

1.9001 .5.128 119.300

-1.1011

200

CiOsO

cuot

Oi-i
e.to

61,700
68,400

...

<101

totoo

to to

9i«
9ie
91I18 !'"ie
10i«
IOI3
1015,6 1015,6

Sales.

2,167

824

. .

8?

I

Thursday, 11-43.

SpeeIpee- Traiir

101
...
Holi day.

MiOo

90M

S).-

1

Si'-o

1

KitO
Ml-t

to to

o

-1

M

Fri,

sit.

09<

CPOi
coco

t^l—
coco
UKh-

5
a

8I2
91a
103,6
11=18

l*i'n

ox

vjci/O

>,

8ALK9 OF SPOT AND TRANSIT.
Ex-

—
M—
h-

OiifkO

MMo

•-I

MARKET AND SALES.
BFOT MAKKET
CLOSED.

S.o

I

M
00

8I2
919
103,6
I13l8

Holi
aay.

a>

I

D.OlO

a -I CO

TDe*

non Tnes Wed Tb.
1

,lO

|

pie
911l6

SI3
91s
1U3,8
113,8

PtOcS'

*.UiO

O'-'

TEXAS.

918
918
911j8 91I16
10V 101, 1012
1015,8 1015,8 1015,„
ll'lB ll'Jie ll'io
1111,8 1111,6 1111,6
llV ll'a 11 '8
I2I4
1214
123,6
12T„
1212
1219
1216,6
121618 13
13
1311,8 13%
13% 131li°

1

1

Fair

^
3
M

,Wed Tb.

Frt.

8-8
Ordin'y.«lb 8-8
9>8
S-'a
BtrictOrd.. 9^16
9'fi6
97,a
9''ia
Good Ord.. lok IOI4 lO^ ilCia
Btr. G'd Oiii 1011i6lOU,„ 1011,61015,8
Low Midd'K ll'ie ll'ie ll^ie ,117,8
Btr.L'wJIic ll''i6 jll'io IHia lliiift
Middling... 11^ llll>8
U»8 ll's
Good Mid.. lll»I6l2
12
123,8

Btr.G'dMid 123,8 12H
Midd'g Fail 1211,8 1231

t»

5
a

— Vi a'

c

'"TO

®W

I

advanced l-16e., being in demand and comparatively scarce.
To-day there was no decided change, but holders were firmer.
The total sal&s for forward delivery for the week are 419,300
For immediate delivery the total sales foot up this week
bales.
6,128 biles, including 883 for export, 2,295 for consumption,
50 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 past week.

^

ao

MH-^3

from the Southern exchanges caused some reduction in crop
estimates,

^'.1-

if^O"

I

on

accounts from Liverpool. To-day continued unfavorable; reports

Nov. 5 to
Nov. 11.

a

er
"-0

•vj

UPLANDS.
Sat. inou Tnes

I

o^.<~:S.

a general election

but they were more than

few points

&:

eo

Sjr'wc;

was held, the Ck)tton 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
prices advanced a

:

:

;

though change-

prices,

have not fluctuated widely. On Saturday and Monday
there was some depression, under the increased movement of the
had
crop, and the reports that the frosts at the South last week
little

cr;

§®-JS'

.

able,

done very

o

.

COM
«."

I

week

speculation in cotton for future delivery, for the

•

•

;

•

•

•<

80

00

lacluleil in this ami>aut tiiere are 100 bales at presses for foreign
ports, tlie destina.lon ot wliiob we cannot learn.

The

p.—
n
w 01
a

~. <

o

.

C.O-

•

under review, has not been

^

a
s
.-.iQ

s'sS*
B-bog

64,85.->

"2.075
12.000

Sf

5"» o

I

Total.

teise.

0-S3??

o^

3s
go

po

not clearedr-for

Other
France. Foreign

Great
Britain.

»

3i -

»

aOr.
^

Leaving

AT-

11,

C

S-ff

dally dflUverie.^ given above are actually delivered tUe
Tloua to that on wliicb tliey are reiiorted.

*ay pri-

The Sales asd Prices of Futures are shown by the following comprehensive table. In this statement will be fraud the
daily market, the prices of sales for each month each day, and
le closing bids, in addition to the daily and total sales.

foUowintf exchanges have been

•16 pd. to exch.
50 pd. to exch.
•19 pd. to excU.

100 Feb. for Mar.
500 Dec. for Mar.
500 Deo. for Jan.

18

20

made during the week:

pd. to exch. 100 Jan. for Feb.
pd. to excli. 200 Dec. for Jan.

Visible Supply op Cottoh, as made up by cable and
is as follows.
The Continental stocks are the fignre*
of last Saturday, but the totals for Great Britaii and the afloat
for the Continent are this week's returns, a.id consequently

The

telegraph,

brought down to Thursday evening; hence, to make the totals the
complete figures for to-night ^Nov. 11), we add the item of exports
from the United States, including in it the exports of Friday only:
atookat Liverpool
Stock at Loudon

bales.

Total Great Britain stock .

1881.

IS 80.

1879.

1S78.

503.o<K)

424.000
42,200

2^8 000

42,500

52,831

282,000
33,250

547,500

466,200

340,831

315,250

NOVKKBEH

THE (CHRONICLE.

12, 1881.1

bales.

1880.
58.100

86,820

1878.
108,750

3 590

7,6 10

809

1,7.50

Sa.HOO
13,000

32.800
2,500
24,000
6,030
2.200

4.000
1.800
20,103

7.000

StcK^k a! IlaiiiDiirK
Bt<)olc

1879,

151.000

1881.

Stook at Hayre
Stock at MarmlUea
B(ack nt K>in>»Uiiia

S8,2(K>

at lirniiuMi

Stock at Aiimtenlam...
Stook at Rottontam
Stook at Antwerp
Stook at oUier oootl'Dlal porta.

16.400
1,300
2,300
12,900

Total continental porta... .

295,550

EORIIT* rHOM Pl.ANTATIOm.

BtcHrU at tV

Wt4h

um.

3 500

12,500

6,od6

31,750
6.750
2.750
7.750

149,651

140,362

192,000

17,3110

3,230

Anc.
Sapt, »
.

IS,D*0

.

16

.

>

507,2.50
litO.OOO

H..

50.>,434

379.00C

28..

39.656
578.7(18

19,0110
.'>I1.4G2

187.126
34,000

174.583
40,000

11..

AmerCean—

American ailoat

395.000
129.000
315.000
777.039
28."). 103
30.800

for Euro|)e

Dntteil States Hliick
;
United States iiitonor stocks..
United States e.tporta to-day..
Ttotal

American

East Indian, Brazil,

t£e.

Uverpool stock
London .stock

110.000

Ooutlucntai stocks
India atloat for Europe

16tf,.ia0

111. 000
37il.0(Kl
511,l(i.i

578.7t)S

187,120
31.000

ir^.-iss

40,000

56,000
28,000

Total East India, Ac
Total American

117.000
52.831
94.302
74.575
39,650

123,000
42.200
83,651
5i,000
33.000

42,.500

Egypt, Brazil, Ac, alfoat

140,000
33 250
48.000
lOO.OOu
19.000

403.050
336,851
378,424
340,250
1.933,247 1,831,092 1,520,328 1,391,045

Total visible supply
Price Mid. Upl.. Ijverpooi

1^ The

M2.00n

171,000
Ki.oOO
503.431

1,932,247 1,931,092 1,520,323 1,391.045

—

2,335,297 2,167.943 1,898,752 1,731.295
O^ied.

5%!

6''8l.

B^isd.

imports into Continental ports this week have been

22,100 bales.

The above

indicate an increase in the cotton in si^ht
to-night of 167,351 bales as compared with the same date of 1880,
an increase of4Ji>„T45 bales as compared with the corre.sponding date of 1879 and an increase of 604,002 bales as compared with 1878.
fisfures

—that

At thb Interior Ports the movement
and shipments for the week, and stocks

—

corresponding week of 1880
statement:

is

Ifot

Reeeiptx. Shipn\*U

Macon, Ga
MontKom'ry.Ala.
Sclma. Ala
Meuiphis.Xeiin..
Nashville, Teuu.
Dallas, Texat.

10,055
7.8 !0
3 677
5,0 9

.

Jettersou, Tex...
Shreveport, La..
VIcksbur/?, .Miss.
Columbus, Miss..

828

12.82:;

3..519

5,971

5!)2

706

1,685
6.9'0

9.577
9,727
6.941
2,125
4,771
22.973
11,779

2,281
1,298
2,029
3,298
1,401
2,236
2,816

1

7,711
1.49J

880

6.991
1.619
1 6,578
15,466

Total, old ports.. 120,207

C.

f'P5

RaleiRh, N. C ...
Petersburg. Va..
Louisville. Ky...
Little Rock, Ark.

2,9S6

Newberry, 8

Brenham.Te.t...
Houston, Tex...
Total,

new

ports

Total, all

1.S57
2,704
1.685

622
2,560
2.110
5,637
5,275
1,919
12,223
12,183

10, .59
"

22,8

!•!

8,201

6,110
7,487
1,462
16,729
13,541

89,737 235,408

115,147

1,218
3,500
1,374
1.4-.3

700
52 654

and for the
foUowiug

A'oo

12. '8".

Shipm^U

Stock.

9.261
3.992
2.751
4.081
4.518
16.415
4,344

18,131

1,531

658
2.779
2,6i2

548
2,245
1,922
3,811
4,229
1,174

15,136
8.257
11.9.13

8,226
54.3i9
8.838
3,797
3.440
7.161
6,177
3,140
3,218
3,939
18.309
14.981

698

11,2.57

32.784

14,523

4..591

92,771 227,135

677

718

689

295

2,.57l

3.216
1,447

2,500
1,493

2,938

3,220
5.128

1,649

3,'?27

6-i'>

720

19,133

18,175

1,570
19.756

29.910

28.389

36.753

150.147 118.126 32J.16I

The above

9,980
5.242
3.071
4.594
5.207

1,287

1

St. LouU, Mo....
Cincinnati, O

Beeeipla.

24,321
19,tU7
10,451

495

2,2!)2

Charlotte, N. C.

Slock.

Week ending

1,6.52

7.60">

Eome, Ga

4.2.-18

11. •81.

3.264
3.1

Eufaula, Ala
GritUn, Ga
Atlanta, Ga

7.219

.

10.271
61,641

4.9li.)

the receipts

set ont in detail in the

2,945
4.321
3.43 i
13,091

18,S.M)

50'>

603
4,401

1,000
1,^55
26,442

1,000
1,166
27,410

34,578

34,258

H9.725 I27.02n

686
1,959
25,241

36,123
"fit

'Sq

show that the old interior stocks have in«rea.sed daring the week 30,470 balfs, and ar<? to-night 58,273
bales more than at the same perii-d last year. The receipts at
the same towns have been 5,030 bales more than the same week
totals

last year,

Rbcbipts

4

id;*.

nmCM.

1880.

42.081

7J01 IT.TO* 88.708
«.StB 8i.m as,6M

U8L

i»jm

90,0(7

4a,«''a

M.l»

16.217 86.000 48,aa
36,012
7S,«0I
82.266 lis.
108.194
144617 62.898 '.S8,490

UMW

uxat

.

The above statement shows
1. That the total receipts from the plantations sinfse Sept. 1 In
1881 were 1,8.56,673 bales; in 1880 were 2,064,098 bales; in 1879
were 1,847.263 bales.
3. 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 plantations for the same week were 238,218 bales and for 1879 they
were 273.437 bales.

—

Wkatheb Reports bt Telboraph. Rain has been general ia
most sections of the South daring the past week, interfering to
some extent with picking. The temperature has continued low,
but no killing frosts are reported to-night.
Galveston, Texas. We have had rain on five days of the
past week, and it is raining now. The rainfall reached one
inch and eighty-six hundredths. The rain has been general
throughout the State, interrupting picking and making the
roads bad. The thermometer has ranged from 54 to 79,
averaging 66.
Indianola, Texas. It has rained hard on six days of the
past week, the rainfall reaching two inches and eighteen
hundredths. Picking has been interfered with by the storm.
Average thermometer 67, highest 80 and lowest 58.
Corsicana, 2'exas. Telegram not received.
Dallas, Texas. We have had hard rain on four days of tbe
past week, the rainfall reaching two inches and forty hundredths.
The rain has interfered with picking and the roads are bad. The
thermometer has averaged 53, ranging from 38 to 75.
Brenham, Texas. It has rained hard on four days of the
past week, the rainfall reaching three inches. Picking has been
interfered with by the storm. The roads are in a wretched condition.
The thermometer has averaged 65, the highest being 77

—

—

—

—

and the lowest

PL-iNTATioss.—The

following

table

is

prepared for the ptirpose of indicating the actual movement each
week from the plantations. Receipts at the outports are sometimes mLsleading, as they are made up more largely one year
than another, at the expen.se of the interior stocks. We reach,
therefore, a safer conclo-sion

through a comparative statement

like the following.

In reply to frequent inquiries we will add
that these figures, of course, do not include overland receipts or

Southern consumption; they are simply a statement of the
weekly movement from the plantations of that part of he crop
which finally reaches the market through the out-ports

50.

—

New

Orleans, Louisiana. ^We have had rain on three days
of the past week, the rainfall reaching three inches and six hundredths. The thermometer has averaged 65.
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

—

Highest thermometer 74, lowest 47, average, 58.
Vieksburg, Mississippi. It has rained on four days during
the past week. We are having too much rain.
Columbus, Mississippi. It has rained on three days during
the past week, the rainfall reaching one inch and fifty six hundredths. The thermometer has averaged 60, the highest being
ten inches.

—
—

72 and the lowest 43.
Little Rock, Arkansas.— Sr\Aa,y and Saturday of the past
week were clear, bat the remainder of the week has been cloudy,
with heavy rain on three days, and it is still raining. The rainThe
fall reached two inches and ninety-three hundredths.

thermometer has ranged from 40 to 66, averaging 52.
Nashville, Tennessee. We have had rain on five dajrs of the
past week, the rainfall reaching one inch and seventy-three
hundredths. The thermometer has ranged from 41 to 73, averaging 57.
,
J L
1.
Mobile, Alabama.—It has rained on one day, and has been
four
reachinjf
rainfall
the
past
week,
the
on
one
day,
showery

—

hundredths. The tributary rivers are higher.
63, highest 81 and lowest 42.
Montgomery, Alabama.— It has rained on four days daring
the past week, the rainfall reaching one inch and sixty-eight
hundredths. The thermometer has averaged 64, ranging from
inches

prom the

Poru Btt'rltfnm
1881.

—

Week ending

Augusta, Qa
Columbus, Ga...

is

to-night,

8S.078
46,722
70.812

1880.

1

U..

481.193
74.575

2,335,297 2,167,943 1,898,752 1 ,731.295
Total risible supply
Oftlie anove. tbe totala of Amerioau and other deacrlptlons are aa folio we:
Liverpool stook
Con^ilu^ntal stocks

ai.iis

isn.

l«7.7IW 136.418 110.433 40.774 61 .000 87, '.Ql
102.308 172,221 132,6114 62.207 78,786 101,884 173.7SW 180.94' uojmt
I69,40h I09,OM 170.810 68.918 108,086
188,114
:8i,;u 210.367 186,006 81.227 UIJW'. 160.tM I9I,0*8| asu.iTS
^14.481 286.841 184 All
IS2.763 1»6,006 2V9.8/7 2 7JII 311.487
2ia.«13 264.880 203,241 in.738,17»,>t:6 8isteo 2>».806 2I>I,74I 228 J8S
«S3.0^ «1.76S 216.6%: 138.9a^'204.79U, mt.vaa
7;6,HBI 2CS,47>
280.iilfl 2l5.S4a J21 4an 187 1V6 227, la's .'H8.40fl 273.4:17 2tH.?l8 1184.800

SO..
7.,

615.851
55.000
454.000
33.000
771.957
227.135
11,000

Slock at InttTior

IHHI.

ao.oM 61,117
14.S6> 88J8II
T«,(
it«.Me •2,052 23,(«e 88.0IM

»..

«3..

843,050
56,000
uier'n (MittoH iitltiat for Kiir'pe 315,000
28.000
E(r3'l>t,Brii/.ll,,t<'.,attt for E'r'pe
Stock ill UuitiMl HIittuH porta .. 777,039
6to<'k in U. 8. inUirior iM^rta..
285,408
United St«te8 exports lu-day..
30,800

Porli.

ISOO.

2-'.O0(l

981

Total EiiropAnn ntockfi.. ..
India oottDii atloat lor ICurope.

631

and

fifty

Average thermometer

41 to 80.

,

,

^.

Selma, Alabama.— Vfe have had rain on two da.vs of tba
past week, and the balance of the week has been cloudy. The
We have had
rainfall reached one inch and sixty hundredths.
a frost this week, but not a killing frost. The thermometer has

averaged

64.

Madison, Florida.— Teiegrtim not received.
.
.
Macon, Georgia.— It has rained on two days daring the pMfc
cloudy.
The
week and the balance of the week has been
planters are marketing their crop freely, but there is a great

IHE CHRONICLE.

532

clisposUion to hold on, for the belief in higher prices

is general
the crop is undoubtedly short. The thermometer has ranged
from 38 to 77, averaging 60.
Columbus, Georgia. We have had warm, sultry, wet weather
during the past week, with rain on three days. The rainfall
reached one inch and sixty-four hundredths. The planters are
sending their crop to market freely, and it is believed that
about one-half of the crop has been marketed. The thermometer has averaged 70, the highest being 76 and the lowest

'a.s

—

53.

Savannah, Georgia.— On three days of the past week we
iave had rain, and the balance of the week has been pleasant.

The

rainfaU 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.
The rainfall reached sixty-seven hundredths of an inch. The
tenor of the crop accounts is about the same as last report.
Average thermometer 64, highest 81 and lowest 39.
Atlanta, Georgia. Telegram not received.
Charleston, South Carolina. We have had light showers

—

—

still we admit that the harm reported to have been done
throughout the South by the summer weather is, in the then
excellent condition of the plant, so unusual as to make one
critical in studying the conditions which prevailed, as well as
those that have prevailed since.

BuROPE.^N

10, 1881,

and November

11. 1880.
A'OD. 10, '81.

Nod. 11, '80.

Inch.

Feet. Inch.

Feet.

Mow Orleans
Memphis
Nashville
JShreveport

Vicksbure

Below high-water mark .. 10
Above low-water mark... 18
Above low- water mark...
9
Above low-water mark... 16
Above low-water mark. . 22
.

4
8

6
11

13
7
12

7
7

8
3
Missing.

New

Orleans reported below high-water mark of 1871 until
1874, when the zero of gauge was changed to high-water
tiuirk of April 15 and 16, 1874, which is 6-lOths of a foot above
1871. or 16 feet above low-water mark at that point.
Sept.

CoTTOs

CONSUMPTION

9,

comparison.

The spinners takings

have been as follows

OCTOBER.— We have

actual bales and pounds

in

:

In October.

Great Britain.

Continent.

Total.

For 1881.
Takings by spinners. .bales
Average weight of bales

309,950
131,518,300

129,720
411
53.314.920

187,'533,220

249,450

130,100

378,610

437

397

423

108.572.650

51.673,520

160.216,170

.

431

439.670
427

For 1880.
Takings by spinners .bales
Average weight of bales ...
Takings in pounds
. .

According to the above, the average weight of the deliveries
is 434 pounds per bale in October this season,
against 437 pounds during the same time last season. The
Continental deliveries average 411 pounds, against 397 pounds
last year, and for the whole of Europe the deliveries average
427 pounds per bale, against 423 pounds last season. Our dispatch also gives the full movement for this year and last year,
in bales of 400 pounds each.

in Great Britain

—

Drought and The Cotton Crop. Unusually wide differences
«f opinion exist with regard to the effect on the cotton crop of
the drought of this summer. Some are willing to give but little

FOE

received to-day (Friday), by cable, Mr. Ellisjn's figures for
October, the first month of the new cotton season. We have
also received ths revised totals for last year, and give them for

—

four days of the past week, the rainfall reacning thirty
hundredths of an inch. Average thermometer 65, highest 77
and lowest 43.
The following statement we have also received by telegraph,
Aowing the height of the rivers at the points named at 3 o'clock

xxxm.

And

on

Jfovember

rvoL.

In October.

Great Britain.

Continent.

Total.

For 1881.
Spinners' stock October

them

33'J,000

240,000
133,000

265,000
469,000

fully. It is, however, an undoubted fact that in sections the
drought was at the time very harmful, no rain and high tem-

361,000
280,000

373,000
232,000

734,000
512,000

81,000

141,000

222,000

27,000
271,000

112,000
129,000

139.000
400,000

298,000
204,000

241,000
216,000

539,000
480.000

34,000

25,000

59.000

•credence to the reports received, while others believe

perature combining to almost take the life out of the plant
aa well as the frnit from it and had the plant been poorly
started in the spring, no future growth would have been posThe points affected most severely were the uplands in
sible.
the driest districts ; and in those worst districts the subsequent
Tains have not to any considerable extent revived the plant.
Elsewhere, however, there seems to be a general opinion that
"results are proving better than expected, as is always the case
with a well-started plant in dry seasons. Over a considerable
district, therefore, a good top crop seems now assured, and this
later growth will make a material addition to the yield. Our
information in this particular extends especially to parts of
In fact, the
Arkansas, Texas, Louisiana and Mississippi.
reports we have indicate that the crop of a good portion of the
Tbottom lands in the States named bids fair with the open
season prolonged a little later to be quite satisfactory both in
quality and quantity, and in some if not many counties better
in each particular than last year. But it is too early yet to
talk about results.
We were led to refer to this subject by the following letter

Spinners' stock Nov.

—

and

inquiry.
Editor of the Commercial and Financial Chronicle.
take the liberty of appealing to your superior judgment on a question submitted to us by one of our European friends. He
ItfikB*. "How is it that cotton, which had a good start, can staud three
months of dry and excessive hot weather in Egypt and India'! And if
It can, why should it be allected so much by a few weeks of drought In
.America 1"
If you could favor n» with an answer to this question, we would feel
^extremely obliged, not being ourselves sutlicjently conversant with the
physioiogy of the cotton plant.
We remain, dear sir, yours respectfully,
310 fftc

Dear Sir:— We

*

Our

—

*

1^

correspondents' inquiry appears to assume for it is
based upon the supposition that the "dry and excessively hot

—

1

.

For 1880.

;

—

25,000

I ..

Spinners' stock October 1

Takings

in

.

October

Total supply
Consumption'
Spinners' stock Nov. 1.

The foregoing

indicates that spinners' stocks are

now

222,000

bales, against 59,000 bales a

year ago.
The cable also adds that the consumption of Great Britain
was in October 70,000 bales per week (which is the same as given
for September\ and that the Continental consumption was
58,000 bales per week, against 57,000 bales reported for September.
Hence it appears that the total for the whole of Europe
is 1,000 bales more than it was last month, or 128,000 bales in
October, against 127,000 bales in September. It will be remembered that Mr. Ellison estimated in his annual review a weekly
average of 129,000 bales for the season of 1881-82.

New York

Cotton Exchange Membership.— Nothing has yet

transpired as to what will be the decision of the Board respecting the petition referred to last week. It may therefore be

taken for granted that the Board
advisability of limiting

is

membership

still

to

its

deliberating on the
present number. As

the price per seat has been doubled (that is, raised to $10,000)
November 1, it must be allowed that there is ample time

since

for deliberation.

Meanwhile, one seat has been sold at $5,500;

new applications for membership have been received,
and two members have filed their intention of transferring their
seats — one of the two having only recently joined the Exchange
three

at the cost of f 5,000.

—

weather" in India does not decrease the yield. We do not
Cotton Exchange Report3 for November. We publish bethink 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.
and excessively hot weather" in India reduces the fruit-bearing
The Norfolk Cotton Exchange, through tUelr Committee on Information
Statistics, conniosed of Louis Hilliard, Chairman, \V. D. Bountroe,
power of the plant two thirds and not unfrequently destroys it. and
and John C. Maxinios. is.'iues the following report, covering the State of
On the contrary, cotton in the Southern States during a per- Virainia and the following Counties in North Carolina: Rutherford,
Lincoln, Catawba, Rowan, Bavidson, Iredell, Burke, Wilkes, Caldwell,
fect season grows and fruits all summer and produces what is Alexander, D.avlc, Forsythe, Yadkin, Stokes, Surre.v. Rockingham,
«alled three crops.
This year the drought interfered and CiVSWcU, Person, Granville, Warron, Franklin, Nash, Wake, Hyde, Pitt,
Green, Cartaret, Craven, Beaufort. Tyrrel, Washington, Martin, Bcrtic,
prevented a complete and healthful development.
No one, Chowan, Pasquotank, Camdou, Currituck, Gates, Hertford, Northaniptou
however, has claimed, even the advocate of the smallest esti- and Halifax.
North Carolina and Yirglnia.— 68 replies from 35 countiesj
mate, that the drought has been severe enough to reduce the
«Top to the India average so we do not see how any compar- average date October 31.
The replies generally show the weather to be warm and dry, with
ison can be made on the basis of our correspondents' question. alight rain in some sections 00 replies show more and 8 less tavorabla
;

;

NOTSMDEK

12, 1881.]

THE (^HKONICLE.

Tlic BvcriiRfl replte* iihow the flr«t front waa
tliiin ln»t yo»r.
Tith to the Hth u( October; -I'.i rvpurlcd no damage itiid II) nllKbt
to Ihcroiillcd, nboiit 74 periciit of
AooordliiK
friim
the
frost.
diimUKO
tlio ircp liiiB been picked nud plekliiK will probably l)e over l>y Nov. 20.
poiimlB
to
525
the acre. A» shown l>y the replica
will
be
avirajto
yield
The
the yiilii IS ;l3-';( I"''' e<""t leBS than that of lant year. Forty six replies
Hhow uo (luniatte fiiiin niBt,»torni«, wiiruiB or rot, while '.is bIiow Blight
danniRe liy ruKt and Btorni. Ihe weathi'r has been very tlue for Iho
piekli:*;. which has proKrcBgcd favonilily, although in bouiu Beutiona a
soui'clty of labor in much complained of.

wcatlK-r
n-uui the

Savannah Department.
ThiB report covers yorlhern. Middle and Soulhireelrrn Georgia, (ticinK
Ociirpa except the twcnty-elKlit counties in ehartto of th-> Augusta
Cotton ICxolianKc) and tlie entire Slate, nf Florida. The report 1h propaicd and inaucd by the Savannah (Motion Kxehnnffe, thrrniKli their CoinInfonimtion and .Statistics, cuniiKtBed of J. II. Juhustou,
niitti'c on
Clavius riiillipB, J. J. Wilder, F. M. Fiuicy and K. C. Wood.
nil of

—

Weor^ia. 74 replies from 46 counties.
The weather duriuj; October has been rcniarkaljl.v

tine, and nodninaKC
from three quarters to Beven eighths of the crop has l)een
from
gathered, and the jilcUinR will ho over by the 1st of December. The
yield of Bee<l cotton i* estluiated to be about 400 pounds per acre, which
This is atirilMilable to the
IS friun 10 to 15 per cent less than last year.
ilrouKlit ill the early summer, to rust, and to worms. The yield of lint
w^ile the
cott<ui from the seed Is nearly 10 per cent less than last year
bales, owinj: to the lack of moisture. In the atmosphere, are about 3 jicr
cent liKhlcr than usual.
Florida. 21 replies from 9 counties.
Durinff the past mouth the weather has been warm and dry and very
favorable to tlie patlieriuju; of tiie crop, seven elf^hths of which has been
picked. The yield of seed cotton is about 350 pound.^ per acre compared with last year it is about 10 per cent less. In the Sea Island
section tlie we.ither has been very Hue. Three fourths of the crop has
been natlicred, and piekInK will bo finished by the Ist of December.
The \'ieUl is about '^50 poiimls of seed cotton per acre, about 12 ig per
cent less than last yo.ir, which is caused by drought, worms, and rust.
The qua Ity of the crop, owiug M the tl le weather for gathering, is generally reported Ijettcr than last year.

frost

;

;

—

;

Aiignsta Department
covers the Cotinlies of Oeoryia not included ia the Snvcinnth Report,
and is issued by the Anj^iista Cotton Kxoliangc, throujrh their Committee on Information and Statistics, composed of L. L. Zulavsky, Chairman; Geo. W. Crane, S. M. Whitney, J. J. C. McMahan and W. M.
Jordan.

—

Average date
Georgia. 27 replies from 14 counties.
Oct. 31.
The reports are unaniraons that tho weather has been dry and warm
very favorable for gathering, but not for any development of the crop.
Two reports state the weather us same as last year, and 25 as more favorable. A very sllvht frost is reported from Uichmond and part of Hancock counties, without any damage. No frost elsewhere. Four correspoudeuts repoi't 0212 percent picked, three 75 per cent, thirteen 80®
The gathering of tho crop
l>0 per cent, and seven as nearly all picked.
will probably be completed by Nov. 10 to 15, only three correspondents
saying that picking may extend into December. Four correspondents report a yield of 250 to 300 lbs. seed cotton per acre, ten 300,
seven -lOO, Ilvo 500, and one 050 lbs. One correspondent (Wilkes
Co.) reports the crop as somewhat better than last j'ear, three (Warren
(Co.) same, ten a decrease of 20 to 30 per cent, nine of 40 to 50 per cent,
^two of 60 to 05 percent. Tlie average indicates a decrease from last
'year of aliout 30 per ceut. Only in three counties is any material dam
age reported liy worms— say 10 per cent. They are reported in 10 other
counties, but without damage, except to foliage and tlie youngest fruit.
Rust and rot are reported as having done no damage at all. Very little
daisage is r.^'porte;t by storms, and tliat only to cpiality of cotton. It is
universally admitted that the past month was one of tlie best ever
known fi)r 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 eotcou has turned out
much better than was expected two months aao. Part of the shortness
in production is due to the fact, too, that during the growing season, in
nany sections, there was not rain enough to dissolve well and to give
proiiereffect to fertilizers applied. Several corrojspondents state that two
or tliree weeks more of fairly warm weather, without killing frosts, will
add to the crop, and picking may not then be finished as soon as iadi;

eaated.

This being the last report of your committee for this season, they beg
to state that, with all due respect to our correspondents, they have reason to believe that late cotton and the lop crop have lurn<;d out and are
yielding much better than was expected six or eight weeks ago. Very
few of our local factors estimate a falling elf of 25 per cent, and the
majority 15 to 20 per cent.

5i'S

been no frost. Elghty-nvn ner cent of the eroii has Ix-en picked mwl
the remainder will bo gatliered by November 15. I'he average yield of
oed cotton per acre throughout tho State Is Mil po.imI., und. uMouuipttrcd with last year. Is 3.'^ jicr cent shoit. Ancxtiii
yield In
taa«

'

especially notio'abln in tiie
tiired throughout the Stale.
ft

om

parishes. The to|'
There hue been no o

hill

ii„t

i

worms or (tonus.
Misglgslppir— Replies from 84 countieH

'

tn».

(laaiM*

rust,

,

;

average date Oot. St.

The weather is universally repiuted as very line for the gatherinic of
the crop, and much more favorable than lost year. There has been no
frost reported during the month; 7!t nor cent of tho crop biu beea
picked; picking will be tinlshed about Nov. 20. Tho average yield of
seed colton per acre is G()8 pounds, which is IH per cent less tliau last
year. Wonns have appeared In several counties, dcdng some damage to
tho top crops. There has been very little damage from rust or storms.

Arkansas. -117 replies from 30 counties; avemcre d»t»
October 31.
The woa' her has been favorable for gathering the crop-more fnror>
able than last year.

Light frosts have occurred without eans'ng any
d.am.age UO per cent of the ci-op hiks boon picked; picking will be OrnIshe 1 by Nov. 10 to 15. Tho yield nor acre of seed cotton Is SUOiwundil.
and as compared with last year is 60 per cent loss.
;

Oalreston Department
covers the Slate of Texas, and was prepared and Issued by the Oal voeton
Cotton Exchange, through lluiir c<immltt(«oii Information and Htatistlo*.
oiimposed of J. D. Skinner. Chairman, Chas. KoUucr, H. Dreier, J. IL
King and Robt. Bornefeld.

—

Texas. 106 replies from 82 counties.
The character of tho weather since Got. 1 has l»oen favoralde In lO
counties aad rainy and unfavorablo in 42. The weather compared
With last year has beoii more favorable for tho gal boring of crops in 4»
counties, the same in 10, less favorable in 20, and no damage froi»
frost. Eighty per cent of the crop is reported picked. Picking will
probably be finished by Nov. 15. The average yield is estimated at SCO
pounds, the seed cott(m indicating a decrease of 40 pec cent compared
with last ye.ar. 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 uortuoru oounties, report no damage troni
cither cause.

Jute Borre, Biaoiso, Etc.—The market for the past week
has not been active, and the inquiry noted in our last has
almost ceased. There has been a fair amount of business for
jobbing wants, but large lots are not wanted. Prices are easiec
and tend in buyers' favor. Bagging is now quoted at 9Mc. for
1)^ lbs., lO^c. for 2 lbs. and ll^e. for standard grades. Butt*
have not been taken except in small lots, and though no change
has been made in quotations, there is an easier tone to th»
market, and an offer at a shade under our figures might obtain
a lot. Paper grades are held at 2 9-16@2%e,, while bagging
qualities are quoted at 2%@3e.

—

COMPAHATIVE PoET RECEIPT3 AND DaILT CEOP MoTBMKTT.
compai^son 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 relativemovement for the years named. The movement each month;
since September 1, 1881. has been as follows:

A

Year Beginning September

ttonthlj/

Rt Ctipti.

1.

1879.

1878.

1877.

333,043
888,492

288,8t&
689,264

95,272
583,687

236.86S
675,260

totalyear 1,219,90c 1,426,790 1,222,133

978,112

678,939

912,12S

Sept'mb'i
October.

1881.

1880.

422,05:
827,849

458,47!!
968,31»-

Pero'tage of tot. port
receipts Oct. 3 1 .
.

2i-29

24-43

21-99

15-62

1876.

22-39"

Mobile Department
covers the Slate 0/ Alabama as far north as the summit of the Sand
Mountains, and the following Countie* iti Hittiasippi: Wayne, Clark,
Jasper, Laiidenlale, Newton, Kemper, Neshoba, Xebaboe, Winston,
Lowndes, Oktibbeha, Clay, Monroe, Chicasaw, Itawamba, Lee, Pontotoc,
PrentlBs. Alcirn and Tishamingo. The report i.s prepared and issued by
the Mobile Cottcni Exchange, through their Committee on luformitiou
and Statistics, composed of T. K. Irwin, Chairman, Julius Buttner, 8.
Haas. G. Thos. Cox and G. L. Hopkins.

This statement shows that up to Oct. 31 the receipts at theporta this year were 176.890 bales less than in 1880 and
27,771 bales more than at the same time in 1878-79. Bv adding
to the above totals to Oct. 31 the daily receipts since that time,
we shall be able to reach an exact comparison of the movement
for the different years.

—

Alabama. 55 replies from 38 counties.
The weather is reported to have b.-wn dry and warm throughout the
dapartnient, and, as compared with last year, decidedly more favorable.
There bag been no frost of any constKiuoiice. .\bout BO i>or cent of the
crop bas been picked, and plckiiig will be finished between the 10th and
20tn of November. The yield per acre is reported at about 4(X) pounds
of seed cotton. 7he estimated yield as compared with last year is reported asbeing 22 i>er cent lesi in 31 of the most productive counties
and 22 per cent less in seven of tho smaller conalles.
Miggissippi.-30 replies from 20 counties.
The weather is reiiorted as having been warm, dry anl pleasant
throughout the department, and, as oompared with l;wt year, m leh more
favorable. No frosts occurred during the month. About 80 i>er cent of
the crop has liceii picked, and ail will be gathered by Dec. 1. The yield
I>er acre is reportiM at about 400 poiin Is of Bced cotton.
The estimated
yield, as compared wltli last year, is reported at 25 p»r cent less. Many
counties report that there is a smaller yield of Imt from seed cotton
than usual.

Ncir Orleans Department
covers that part of the Ulute of Xissinfippi not apiMrtioned to the Mempliis and Moliile Cotton Kxchannes; the entire «(«/«
o/ /^»«t»irtnrt. and
the S!'ile nf Arh-ansoK south of the Arkansas Kivor. The reiwirt is prenan-d iind IbsiumI by the New Orleans Cotton Exchange, thixiiigh their
Committee on Inforiniition and Statistic*, composetl of Win. A. Gwyn,
Chamuaii, Chris, chatte, Jr.,W. U. Ha-wcott, W. A. Peale, Chas. Holland
and A. L. Browne.

Lonisiana.— 95 replies from" 35 parishes; average date Oct. 31.
The weather for the month is reporto<l as very favorable forthe gathering of the crop, and, as compared with lust year, decidedly better. There

1881.

1880.

1879.

1878.

rot.Oc.31 1,249,906 1,426,796 1,222,135
30,704
46,514
29,104
Nov.l....
" 2....
8.
37.897
27,151
" 3....
46,140
33,538
35,933

978,112
27,213
21,81?

38.310

8.

30,964
27,896
23,330
31,308
43,978
27.281

46,584
32,819

32.833

"
"

4....
5....

40.236
31,603

"
"

6....

8.

41,655
55,664
29,921

7....

46.365
34,301
40,389
33,500
39,169

40,193
35,842
31.960
26,138

"
"

8....

3 ...
." 10...
"11....

B.

30,90-2

29,832
49.349
28,562

8.

8.

1,606,800 1,806,127 1,553,217 1,24^,343
Peroentag e of tota'
2807
3109
30-75
port Ttie' BtsNov.ll

Total

1877.

678,959
31.773
29,163
33,773
8.

44,314
31.771
33,213
22,037
31,522
22,^76
8.

ima..
012.128
28,119
35,041
32,487
26,3»»
B.

44.S9»
37,082
35,431
27,963
40.324

a7,14»

964,403 l,2i6,SlS

22inl

30-88

TbLs statement shows that the receipts since Sept 1 np to
to-night are now 199,327 bales less than they were to the sama
day of the month in 1880 and 51,583 bales more than they were
We add to the table
to the same day of the month in 1879.
the p«?rcentages of total port receipts which had been received to
November 11 in each of the years named.

THE (CHRONICLE.

634

India Cotton Movbmeht from all 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 lirst jorive the Bombay statement
for the week and year, bringing the figures down to N»v. 10.

BOMBAY RECEIPTS AND SHIPM3NT8 FOR FOUR TEARS.

7ear Great Conti-

1881 6,000 6.000
2.000
1880
3,000
1879
1878 2,000 1.000

Conlinent.

Oreat
Britain

Total.

nent

Brit'n.

Shipments since Jan.

thts week.

Shipments

Shipments
Great
Britain.

1881

2.000

1880
1879
1878

2.000
3.000

Total.

Jan. 1

889.000 12.000 1,224.000
865.000 6.000 1,112.000
612.000 6.000 838.000
716.000 4.00O 882,000

3.000
3.000
3.000
4.000

1.000
2,000
1.000
1,000

1,000

January

Great
Britain.

Continent.

205.000
208.000
209.000
140.000

79,000
84.000
109,000
70.000

1.

totals for this

two previous years, are a.s follows.
EXPORTS TO EUROPE FROM ALL

from—
Bombay
All other p'rts.

This
week.

Since

Jan.

12.000
3,000

889.000
281,000

1.

1.

Si7ice

Jan.

3,000
3,000

616.000
318.000

5,000 1.157,000

6,000

930.000

statement aflfords a very interesting comparison of the
total movement for the week ending Nov. 10, and for the three
jTBars np to date, at aU India ports.

This

la.st

—

Albxandria Rbceipts AND Shipmbnts. ^Through arrangements
we have made with Mes.srs. Davies, Benachi & Co., of Liverpool
and Alexandria, we now receive a weekly cable of the movements
of cotton at Alexandria, Egypt.
and shipments for the past week
of the previous two years.
Alexandria. Egypt.
Nov. 10.

The following are the receipts
and for the ooiresponding week

1881.

BeceiptB (oantars*)—
This week....
Since Sept. 1

1879.

1880.

135,000
757.550

190.000
635.500

180.00D
1,120.000

ThU
Since
week. Sept. 1.

Since
This
week. Sept. 1.

5,000
7.101

35.500
14.684

3,000

12,101

50,184

3,522

ThU Since
week. Sept. I.

Ezporta 0>alea)—

To Liverpool
To Continent
Total Europe
A.

cantar

is

98

31.000
5.504

522

9,000
5,033

23,453

36.504 14,033

92,064

lbs.

This statement showi that the receipts for the week ending
Nov. 10 were 135,00J cantars and the shipments
to all Europe
*^
^

were 12,101

bales.

Masohbstbb M.«kbt.—Our report received from Manchester
to-ni^ht states that prices have advanced for bath twLsts and
shirtmgs, and that the market is firm. We give the prices of
to-day below, and leave previous weeks' prices for comparison:
1881.

32« Cop.
Twist.
A.

8ept.9
" 16
" 23

" 30

Oct. 7

" 14
" 21
" 28

KOT.

4

" 11

d.

9^
9%
»%
9%® 9%
S'e®
9 9
9>8«

9 a 9»s
9 '3 9>a
9^83 9%
giga 978

9i4»10

SH

lbs.

Shirtings.
d.

a.

5>9a7
5»sa7
6 ®8

d.

81s
81a

®8
38
38
6 ®3
6 ®8
6 98
6 as IH

MM.
Vp

Os

d.

714

Iwitt.
d.

6

'''18

6
6

678
67, a

638
6'l6
638

d.

gifl^a 978

9% a
714

8I4 Ow.
Shirtings.

32« Cop.

a'e

a 9'8
a 978
9% a 9%
91s
914

914 -8 g'e
938 aiois
938 » 1018

g^-aio

9vaio

H.

d.

©7
97

9
9

7ifl®7

9

9
8

-37
•as

9

®S
9 as O
9 as
9

4,892

200

299

Nov.

2.

9.

3,336' 5,198
501|

Total
since

period

1.

previ'us
year.

74.018
2,150

99.262
1,700

Sept.

76,168 100,962

3,837

5,198

2,572

598

11,241

12,597

Total French

734

.......

Bremen and Hanover
Hamburg

698

11,211

12,597

i',i42

100

8.658
9.349
1,256

10,858
8.342
1,542

1,523' 1,212

19,263

20,742

337

335

337

385

2,372

1,489

400

1,023

100

1,900

300
200

150

Other ports

Total to North. Europe

1,539

2,450

•

337

Spain. Op'rto, aibralt'r,ifec
All other

Total Spain, 4o

337i

8,579

1

7.932

7,978

7.038 107,009 134,63&

Thb FoLLOwisa are the Rbceipts op Cotton at New York
Boston, Philadelphia and Baltimore for the past week, atd
since

September

New

from—

1881:

1,

York.

|

This
Since
week. [Sept. 1.
1

Boston.

1

Philadeltthia.

Baltimore.

This
Sitice
This
Since
This
Since
week. Sept. 1. week. Sept. 1. week. Sept. 1.

S. Orl'ans 11.501! 71.836

Texas
2.323
Savannah 13,283

34.080
80.740

14,710

i',689

9,693

2.738
8.701
5,938

693
30.744
20,698

3,026

7',409

'21'i

6,992
4,803
23,015
52
4,064

This year. 48,516 312.655 19.066

76.828

5,320 lil,175

5,390

53,636

Last year. 42,776 307.390 17.052

59,573

2,612 16.135 13,121

65,877

Mobile...
Florida

"512

i'.o^i

NCar'lina

5.S36
5.063

44.295
18.263

Virirtula..

7,4031 19,272

.

.

S.Car'lina

.

163

1..108

2.387| 10,2rt6
891
15|

2,306 li",766

"242
860

::::::

4,077

15',

—

Shippino NbW3. The exports of cotton froai the United
States the past week, as per latest mail returns, have reached
112,339 bales. So far as the Southern ports are coacerned, these
are the same exports reported by telegraph, aud published in
the Chboniclb last Friday. With regard to New York, we
Include the manifests of all vessels cleared up to Wednesday
night of this week:
Total bale*.

New York—To

Liverpool, per steamers Arabic, 288
Celtic,
910. ...City of Montreal, 724.... England, l,361....Las8ell,
5,198
1,871... .Wisconsin. 41
598
To Havre, per steamer St. Ljiurent, 598
Wieland, 842..
1,142
To Hamburg, per steamers Vandalia, 300
100
To Amsterdam, per steamer Stella, 100
New URLKiNS—To Liverpool, per steamers Emillauo, 4,600
Mariner, 2,950
7,550
per bark ReyTo Bremen, per steamer Ranzani, 4,000
nard, 1,249
5,249
Zealous, 3,702..
To Rerai, per steamers Baumwall, 4,500
8,202
To Barcelona, per bark Espaua, 118
118
1,44'7
To Malaga, per steamer Provincla, 1,147
To Genoa, per steamers Provincla, 1,151.. .Wimbledon, 3,800 4,951
Mobile— To Llverpwol, per brig Eigil, 865
865
Charleston- To Liverpool, per steamers Mayaguez, 2,485 Upland and 86 Sea Island
2,571
To Havre, per steamer Horace, 3,800 Uplaud and 180 Saa
Island
3,980
To Barcelona, per steamer Ravenheugh, 5,400 Upland
5,400
Savannah—To Liverpool, per steamer Silverd ile 6.854 Uplaud. 6,854
To Havre, per bark Bi-tty. 3.570 Uplaud and 30 8ea Island.. 3,600
5,8.o0
To Bremen, per steamer Venice. 5. 85i» Upland
To Reval, per steamer Colombo, 5.346 Upland
5,3 46
To Reval and Heljingfors, per steamer Fosoulia, 4,450 Upland
4,450
To Barcelona, per steamer Poutiao. 4,650 Uplaud
4,650
To Genoa, per brig Tonmto. 1.450 Upland
1,450
Texas—To Llverpooi per steiraer Effectl ve, 4.702
4,702
To Bremen, per steamer Northumbria, 4,377
4.377
To Vera Cruz, per stea ner Whttuey. 1.017
1,047
Wilminoton—To Liverpool, per bark Braekka, 1,278
1,278
Norfolk—To Liverpool, per steamers Liuhope. 6,000
R. F.
Matthews. 5.330
15,655
per bark Kcdrou. 1,325
Baltimore— To Liverpool, per steamers American, (additional)
50l....Gracia, (additional) 314.... Hibernian, 270
1,085
To Bremen, per steamer Weser, 700
700
Boston To Liverpool, per steamers Bulgarian, 541
Iowa,
1,458... .Marathon. 1,002
3,001
Philadelphlv—To Liverpool, per steamer British Queen, 923..
923
.

Mid.
XTplds

9

7 -37 8
9

Ootfii

d.

•87

9
9

26.

6.056

Same

Nov.

—

1880.
Ootl'n

Oel.

1.

865.000
292,000

2.000
3,000

15,000! 1,1 73,000

Total

Jan.

This
week.

Sept. 1 1881.

Other French ports

Foreign
1879.

Since

This
week.

Oct.

other British ports

North, pts
Tenn.. &c.

INDIA.

1880.

1881.

Shipments
Europe

to alt

to-

19.

Receipts

284.000
292.000
318.000
210.000

XXXIIL

Week eliding—
.Baiported

Total.

week show that the movement from
the ports other than Bombay is the same as la-st year. For the
whole of India, therefore, the total shipments this week acd since
Jan. 1, 1881, and for the corresponding weeks and periods of the

The above

from New Tobk since

731

Since

This
Week.

Shipmeyits since

this week.

Continent.

(bales)

Total to Great Britain 6.256 5,191

According to the 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,
eALODTTA, MADRAS, TOTICORIN, OARWAB, RAHOOON AND KURRACHEK.

Tear.

Exports of Oottos

Receipts.

1.

Total.

323.000 566.000
360.000 .505,000
.i52.000i 360.000
3il.000l395.000

12,000
2.000
3,000
3,O00

[Vol.

71l8
613i6

SI'"
6%
6%
6\

6I3
61,,

Thb Exports op Cotoon from New York

this week show a
compared with last week, the total reaching 7,038
bales, against 7,932 bales last week.
Below we give our usual

decrease, as

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 cofumn
the total for the same period of the previous year:

Total

.^

^...,

112,339

The

particulars of these shipments, arranged in our Qsoal
form, are as follows:
Reval BarceBremen <£ and tona t£
JdverBet- MalVera
SamTotal.
pool. Savre. burg, smgfors. aga. Genoa. Crux.
New York.
7.038
5,198
598 1,142
N. Orleans.
27,617
7,550
5,249 8,202 1,565 4,951
Mobile
86»
865
Charleston.
11.951
2,571 3.980
5,400
32,200
Savannah.. 6,854 3,6oO 5,850 9,796 4,650 1,450
Texas
4,702
1,047 10.126
4,377
1,278
Wjlmlngton 1,278
Norfolk
15,655
15.655
Baltimore..
1,785
1,085
70O
Boston
3,001
3,001
Philadelp'a
923
923
Total... 49.632 8,178 17,318 17,993 11,615 6,4lU 1,017 112,339
Included in the above toials are, from New York to Amsterdam, 100
pales.

KOVEMBBM

THE (:hron](;lk

13, )^81.]

B«low we give all news reoeived to date of disasters to ressttis
«arryinff cotton from United States ports, etc.:
nK3.SAKiiiu A, steamier (Dr.).
LIvtM'iuHil, Ortiilicr

'Jil,

novnu. from Sikvannuli, whiob arrived at
took tiru wliilu illiwbttrKlng Nov. '2, and bud

liiM' i'!ii>,'.i |>iti'tially il.iiiiikv'uil.

Btaaiiirr. from Now Oiiemix.
A flr« broke o\it on board
Iteumor UoinmaiiiliM' (Br.), lyiiin In lirnnnwlck Dock, Uvorpool, on
October 'H. Suvxriil bnl«8 wimo ubarred, bnt ship undivniUHud.

t'OMMASiiKK,

Thn

Ul'o wiim

qnlrkly exttngiilxbrd.

I>l8CAiii>, BKduiu-r (Kr.l, bciforo rcortcd, from Norfolk for Liverpool,
which lint into 8t. Johns. N. I'.. O.-t. ;il, with ilainage to propeller,
procccilc<l oil her voynco Nov. 7. liiiviiiK repaired.
Soio, etonnicr (lir.). ThompHiiu, from Savannah for Rcval, pnt Into Plymonth, 10.. Nov. 3. She hud cxiim-loncnd heavy weather. diuiiiK
wlileh the ehai*t room waa waslied awa,', the bridge damaged,
boatx »tovp and Htanchionn siarteil.
RlALTo, sti'anier (Br.), for Hull, while lyiuK at her wharf at Hohoken,
N. J., Nov. U, with part of her outward cargo on board, caught ttro
from the wharf, whleh was on llro. She was towed liiio the
atiTani, and the tire, which wa« ooiitlned to her rigging and forecastle, was exllngnlHlied. Th i damage to the steamer Is e.stlm:ited
at $1,200. Some water from the engines damaged part <'f the
cargo. There were about 30U bales of cotton on the dock awaiting
shipment.

Cotton

week have been as

freiglits tlie pa-st

Do

Uon.

Tiies.

Wedtiea.

Thurt.

lYi.

633 »i4

6338.14

532® >4

°3»®''4

sail.-.rf.

Havre, steam

Do

.e.

sail

'

Jie'

^atit

38-3716

383-718

38a'''l8

38®7ig

3Ba7,«

....

....

7ia

Jis
»16

c.

'18

^18

'it

718

»1«

»1«

»18

«16

»ie

....

....

.-..

....

....

3a

%

%

39

eall...d.

Aiost'd'm, steam.c.
Do
saU...d.
Baltic, steam.... rf.

Do

7l6»

'is*

'la'

....

Hamburg, steam-if

Do

'is*

e.

Bremen, steam,

Do

'10*

r.

sail

sail

....

....

%

%

....

c.

Compressed.

LiyBRPOOL.

—By cable from Liverpool, we have the

statement of the week's

Oc*. 21.

'Sales of the

week

Of which exixirtei-s took
Of which speculators took..
•Sales American
Actual

Oef.

28

NoT.i..

79.000
2,90P
2,500
61,000
4,200

bales.

e.ii>ort

Forwarded
Total stock— Kstiiuated
Of which American— Estim'd
Total import of the week

Of which American

Amount aSoat

following

stocks, &c., at that port:

sale.s,

Nov.W.

77.000
6,200
5,700
GO.OOO
5,700

8,000

14,1100

542.000
415.000
3~,000
22,500
231,000

509.000
399,000
61.000
49,500
202,000

19.^,0<Xi

161.001

O* which American

100,000
4,400
7,600
76,000
4.200
7,300
505,000
3!t5,000

95.000
73,000
1 60,000
121.000

The toae

week

of tlie Liver^Mol lu.'^rket for spots and futures each day of the
ou.liu^ Nov. 11, and the daily closing prices of spot cotton, have

••tv^n a*t follf»w»*:

Satardajt Monday.

Tuesday.

Wedtiai. Thursday.

ipui.

.Market,
12;J01-.>1

(

Mid. Upl'df
Hld.Orl'ns
Sales
8pec.<kexp.

Friday

Fitm.

flarUeu'K'

and

Firm.

638
61s

6!s

12,000
2,000

§1"
C»18

12,000
2,000

Firm.

firmer.

6»i«

15,000
2,000

15,000
2,000

69i6

12.000
2.000

Futufta.

Marker, {
12:30p.M.j

Market,
5

p.

M.

\

Firm.

Steady.

Steadier.

Firm.

Qalet.

Firm.

Firm.

Qalet.

Weak.

Firm.

The actual

sales of futures at Liverpool for the
b.)low. Tacse sales are oa the basis of Uplands,
unless otherwise stated,

Nov
Nov. -Dec.
Dee.-Jau
Jan.-Fcb

d.
61t:)23l^;.12

I

.6ny.^a>i'S"3->

6i3:i2ai'^!2

61^32^'^

Low Middliag

clause,

'

June-July ..ei'ia^sSjj

Mur.-Apr

69|Bai9ij

July-Aug

6%

.Iiii3.,-a>\

Jan.-Feb

61732
611jb

..

.

May-June

Delivery.

tt^ijj

May-June

..6>>is%!>t32

Jan.-Feb
Feb.-Mar
Jan.-Feb
Feb.-Mar
Mar.-Apr
June-July

d.

MONDAT.

Nor
Nor.-Dec

Doc-Jan
Jan. -Feb

Feb.-Mar
Mar.-A pr
Apr.-May

638
BSg
67 (g
e^a

May-June
I

.

Nov

Nov.-Dec
6i7.,2 June-July
6^ 833
Dec.
-Jan
"
j

61332
61332
..62332
61832

61732
6»i6
e^a

Dcc.-Jau

6»[g
o'Ijb

6»j

6%

Jan.-Fob

Mar.-Apr
ai'3ii2®'io Apr.-May

May-June

615,2
68ie

June-July

6W32 Nov

e's-io
Kisjio

Jan.-Feb

Nov. -Deo

6^

pBb.-.Mar

Dec-Jan

61^32

Mar.-Apr

6>732
6»ig

Not

THUB6DAT.
May-June

I

I

Apr.-May
May-June
June-July

Dec-Jan

67,8
67.8
6'oi2

June-July

6: iig

Nov

Jan. -Feb

6J3'

Nov.-Deo

Feb.-Mar

""gj

Dec-Jan

6=8

61332
61332
67, j
6»i,

67,

Mar.-Apr
June-July
FKIDAT.
Feb.-Mar
Mar.-Apr
6>a
Mar.-Apr
6'7s» June-July
6i»32 Jaa.-Feb
Apr.-May

6I63J

May-June

NoT.-Deo

Apr.-May

Nov
Nov.-Dec

Dec^an
Jaa.-Feb

61332
HI330
.'

the

in

To-day there was a Brmer, though quiet, market; bat
our qnotations do not cover some barely soand stock.

trade.

The wheat market shows a further and material

decline in

on the spot bnt for future delivery. There has
been a moderate export demand, and receipts are still on a
greatly reduced scale as compared with last year; but the pressell and the loss of confidence in the future of value*,
under the present accumulation of supplies, have forced down
prices. The subsidence of the floods which interru])ted railway
and other transportation in the Northwest promises more

sure to

liberal supplies in the near future.
Still, the decline is not
important. To-day the market was better. The export demand
was more urgent, and there was a revival of speculation; No.
2 red winter sold at |1 45M for December and $1 48?4 for
January.
Indian corn has shown a downward tendency, and prices have

yielded more than in previous weeks. A report from Washington was published on Wednesday saying that the forthcoming
report of the Agricultural Bureau will be very unfavorable to
the corn crop, and this gave temporary strength to the market.
But there was renewed depression yesterday. To-day, however, more favorable foreign advices caused an advance, and
No. 2 mixed sold at 69?6@6954o, for December and 71%@71J4o.
for January.
Rye has continued dull and drooping, and yesterday prime

Canada sold

to arrive, in bond, at $1 03. Barley, at the decline
noted in our last, became very active, and there was some
recovery in vr.lues; but to-day was quiet, with buyers and

Prime Canada malt sells at $1 30.
Oats have been variable, but with le.ss activity to the specnlative or the local trade; and the aggregate changes ia prices
are not great. To-day the market wa."* firm. No. 2 graded on
the spot, 51^e. for white and 47^c. for mixed, and No. 2 mixed
sellers apart.

The following are

December and

Orain.

4 25

00^4 50

Wheat-

$1 25 in
5 40
Spring, No. 2
136 3.
,5 00
Ked winter
1 3.»
<H
5 75
Bed winter. No. 2 142 ul
6 75
White
1 33
»1
6 50 Corn— Weal, mixed.
65 »
6 00
West. No. 2
68>3<
7 00
Western yellow..
69
8 50
Western white
70 a
7 25 Rye
93 »1
Oat8~.Miied
44 9
7 2.'>
White
4i>
9
6 25 Barley5 40
Canada No I
1 13
®1

XX

Western,

50?^e, for January

closing qnotations:

No. 2spring...» bbl. *3 50»
No. 2 winter
4
Winter superHue
4 S.'.a
Spring siiperflue
4.50*
Spring wheat extras.. 5 40^
do
and XXX... 5 8.>«
Wis. & Mir n. rye mix. O^oa
Winter sliipp'gextras. 5 00*
do XXaudXXX... 6 25a
Patents
6 .^Oa
City shipring extras. 7 00»
Southern, bakers' and
family blends
6 40a
South'n sli ip'g extras. 5 75 S
Rye flour, superfine.. 5 159

Spring

. .

Canada bright...
40a 3 80
State, 4-rij\ved...
3 80 » 3 00
State, 2-rowed
3 75» 4 00 Peas— Can'da.b.Jti.
3

<fec

Br»ndv"ine. *c
Buckw't flour.lOOIbs.

.

Iht " .Vcis

(From
for the

1 15
1

00

40

34
44

42^
41
70
69
73
03
48
53
1.1

»1

17

a

02 >s

1

.a

.

.a

York Produce Bxelutnge Weekly.")

week ending Nov.
FUntr,
bbt$.

At—

(196 Ibg.)
63.205
59,382

Chicago
Toledo

638
62I33

6%

Wbdnesoat.
Nov

demand qait«

which ha« prevailed

West Indies and South America, but the relatively cheaper
Western products are taken for Great Britain and the loea I

Milwaukee

6'iR

Reeeivers meet the

wheat market, although soppliee of favorite brands are by no
means large. City mill flours continue in much favor for the

6I7.,2

TnESDAT,
Nov.-Dec

qaite unsettled.

is

Receipts of flour and grain at Western lake and rirer port)

Jnne- July .62332911,,
I

however,

freely, in view of the depression

Com meal—

Deliveyy.
d.
Feb.-Mar ....6173239,9

Apr.-.May
I

Firm.

same week are given

Satukdat.
DcUtery.

gnlet
but
Bteady.

(

1 ,

floor

Flour.

?!'»
69l8

12,000
2,000

nuDAT. p. M.. November 1 1881.
market has been only moderatel/ active in the
past week, and prices have not varied maoh. The feeling,

The

for future delivery, 48%c, for

Active

J

BREADSTUFFS.

values, not only

foUow.s:

632® H

Satur.

Uverpool, steam d. B32SI4

535

Jan.-Feb
Feb.-Mar
Mar.-Apr

62132

Apr-May
May-June

)

I

6^

|

61832
6»8
62132

8"'32
6'9
61732
6l»32
6»8
63I32

6»is
62^32
«>«

1,385

11,640
3,712
36.493
2,547

Detroit

Cleveland
St. Louis
Peoria
Ouluth
Total

..

Same time

..
'80.

5,

1881:

Com,

Wheat,
bush.
(60 /6s.)

bttsh.

(56 lbs.)
261.222 1.237,026

100.149
73,689
76,190
1,430
212,774
13,120

15,400
76.781
11.821
37,500
203,4.0
292,123

178,364 738,594 1.874.103
216,012 2,932,146 2,578,355

Oalt,
BarUg,
bush.
bush.
butk,
(32 lbs.) (*Slbs.) liitlbt.

364.972 238.019 46.489
42 9-10 109,414 12,400
31,836
1,427
23,(i->2
5,372
2.i,200 23.400
54 778 ^3.238 I0,38a
176,500 21,750 23,03a
717.948 484.193
829,427 450,313

Total receipts at same ports from Deo. 27 tu Nov.
sive, tor fotir years :
Floor

Wheat

I8SI.
7,663,986

bbls.

bosh.

"Jom
Oats
Barley

Bye
Totalgraia

1

49,355,9 "i
19.614,3»2
36.810.397
8.189,333
3,232.321

.... 217,2;S2,278

S,

03.304
ao,i,34S

iaeln

1880.
0,334.605

1879.
3.803,250

1878.
i.770,704

73,370,183
85,039,509

72,211,512

88 37S.5U

137,745,.VJ6

86.1.:6,223

34,957.448
7,620,314
3,346.400

27.0d4,384
8.317,129
4.320.645

865.881,270

27.7«2.a,'""

8,b07.1
4.418,441

213.U6.8U2 201,338.180

THE CHRONICLE.

536

Comparative receipts (crop movement) at same ports from
1 to Nov. 5, inclusive for four years:

August
Flour

.bbls.

Wli«at

tush.

1881.
2,547,833

1880.
2,265,243

19,932.402

39.261.783
47.064,348

2,053,34:1

1878.
1,783,045

41.363.198
32,533.413
14.101.796
5,676,293
389,s38

94,066,838

1879.

,.;;;;.;

11,386,783
4,198.065
2,222,931

16.930.03t>

5,014,578
1,954,046

48.385.630
30,267,008
10.902.317
5.877.392
2,417,104

lV>talKralii...

86.151.452

110.221,796

97.849,455

Ss^

48 711,268

Oats
BarleV

^

.

*';our

1881.
7,593,853

1880.
4,517,666

6,302,254

1878.
5.039 824

44,567.159
100.363,557
30.930,872
3.745,907
1,993,755

64.157,477
117,727,440
27.897.088
3,441,347
2,660,384

72,975,753
78,650,436
19,826,860
4,791,953
3,343,578

61.910,577
74,787,705
19,711.161
4.483,609
3,540,916

131,601,250

215,884.236

180,038,630

161,483,968

l)l)ls.

.

Wteat.
Com...

bush.

.

cm.

Barky
Kye.'
1l-otal)?rain ....

1879.

from Western lake and

Rail shipments

for the

river ports

weeks ended
Week

tfeek

To—

bbls.

155,526

155,146

Kov. 8.
133,116

bush.

271,404
1,002,452
489,300
185,065
82,104

339,755
523,906
909,661
78,844
69,049

348,421
345,023
315,975
191,813
53,927

322.975
145,E04

2,030,925

1.971,215

1,255,164

760,479

Cora
Oats
Barley

Rye

Week

iVoD. 6.

Nov.

...

.

Total...

—

Nov.

9.

108,360

Xot.,*wk8.773,26l

bush.

136,070 82,104
164,043 74,288
153,833 94.799
214,597 65.671

3,128,578 10,041,857 2.299.535
8,356,385 11,575,353 4,434,902

753.543 316,862
735.038 405,018

—

Wlieat,

Com,

bush.

bush.

hbls.

t

York

127.444
72,592
•JPertlaaKi
2,985
Montreal
20.085
SPhiladelpWa... 18,361
24,645
Bdmmore
Kew Orleans... 12,333

Boston

834
996

Bremen
Copenhagen
Antwerp

Am,.
ports

Brit.N.A,Col.
Other count'f
Total week..
Prey's week .

13,972
1,000
9.000

82,395,243

...
...

93.001..549

112,709,503
125 736,187
20.506,237
3,512.892
2, 133.163

130,131,240
94,514,092
19.240,473
3,937,002
4,002,143

93,779.355
91,593.002
21.319,699
4,735,819
4,401,736

Total «rata

..

..201,672.099

261,736,934

251.385,016

213,329,671

Biports from United States seaboard ports and from Montreal
•tot week ending J^ov. 5, 1881:

Trom—
.SewYork

Flour,

Wheat,

bbts.

bush.

54,819
8,828

Boston
iPortland

50

fitontreal

19.532

471
«,100
12

VhUadelplJia.
Sdltlraore

New

Orleans..

Total for w'k

88,812
time '80. 162,832

Same
The

Corn,
bush.

465,585
16,118

438,364
161,751

285

48,049

883,454

778,933
2.134,852

2,517,300

Oats,

Rye,

bush.
2,688

bush.

24,975

Peas,
bush.

37,356 72.482 148,984
8,714 253,431 177,539

visible supply of grain, comprising the stocks in granary
the principal points of accumulation at lake and seaboard
forts, and in transit by rail and water, Nov. 5, 1881, was as

ollows:
(r« »t«re

at—
(est.)

Albany
'Buffalo

,.

Dhtoazo

Milwaukee

.'

^Duluth
KToleOs
<I>etroU

Oawego
at. Louis
Stoston

^Toronto
(Ist). ..

*hUadelplii»
ItearUt...
Indianapolis
Kansas City
Balfitrsore

DownMiss'pi

On rail

Oiilake

On

canal

Tot Nov.

Com,

Oatt,

b^tsh.

bush.

btish.

*.

Barley,
bush.
33,131

6,055,767 1,640,122
456,000 1,650.000 465,000 370,000
12,300
15.000 109,000
69.500
75,718
481,967
30,703
535,529
3,743,687 6,870,379 386,095 332,740
442.187
1,221
3,610 198,586
227,000
1,266,213
234.687
9i',23i
740.311
15.370
8,926
675,0110
90,000
180,000
37,748
1,034.283 1,459,278 323,368
5,814
51,123
121,242
289,273
30 2,242
198.757
10,505
44,203
382.391
19,734
626.590
65.000
790,584
k 8.705
317
134,043
149,783
43,700
459,200
193,400
424, 180
68,295
59,051
882,231
2,033,730
118,926
586,304 1.633.300 576,6o6 183",6o6
72,000
599,000 2,013,000
685,000 1,700,000 101,000 444,000
6,207,766

Do. afloat

Vbntreal

Wheat,

i',oo'6

4,219
1,905

5,343.041
3,816,018

77

29

102
231
575

187

50

10
0.49ii

3,192

5,6o'7

1,373
12,391
33,532
3.572
14,394
12,382

2,57

517
1.001
1,031
1,467
0,241
1,740

7,147

7,322.155 1,604,708
5,302,275 1,550,20^

070,507
323,037

420
1,200

THE DRY GOODS TRADE.

Sf/e,

bush.

66.463
41.000
107.500
17,000
379.559
80,300

48,000
129,303
2,911
8,537
36,081
.

.

188,203
9,100
98,004
9i",000

73,000

4,

1881.

Operations in dry goods have been restricted in volume the
past week, owing partly to the intervention of a legal holiday,

trade.

in the

wholesale branches of the

There was, however, an active undertone

in the cotton

fair transactions for present

and the movement

in

and future

woolen goods on account of

back orders was of liberal proportions.

The weather has been

unfavorable for the distribution of heavy fabrics adapted to
winter wear, and business was therefore quiet with jobbers

although they experienced a steady demand for small re-assortments, through the

medium

parts of the country.
satisfactory,

Southern
ties of

of orders

from

but some small failures

retailers,

rt;tailers in

varioxis

Accounts from the interior are generally

and a

retail

house

have occurred among

in this city, with liabili-

about $250,000, has been compelled to make an assign-

ment.

Domestic Cotton Goods.— The exports of cotton goods from
this port

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
Central America, &c.

There was a fairly active demand at

fabrics, but business was
with jobbers. Prices ruled very firm, and
advanced quotations were made for additional makes of brovra
and bleached goods, wide sheetings, ducks, stripes, satteens,
grain bags, &c., without apparently checking the demand, buyers realizing the fact that the most desirable fabrics are really
scarce. Print cloths have been less active in demand, but prices
ruled firm at 4c..ea8h and 4c., plus a small percentage, for 64x64

hands for the most staple cotton

first

^»t

WewYork

60
273
376
10

124,000
156,717
53,860
373,318
97,369
21,100
85,170
15,293
25

1,199
2,315

3,144

8 34,518 47,507 143,840
150
98,25q
31.713

170,967
18,454
212,045

4,620

1.620,7'8i

Mexico

Am,
Cuba

332,900

490,100

30,790
60

.bnsh.

24,223,924
3,473,731
1,574,660

.

180,190 233,050
81,820
C,2i8
3,600
73,343 41,801
67,150 40,800
16,000
7,728

bush.

890,902 1,002,111
33,620 229,165
8,400
196,243
39,000 107,400
273,600 264,000
47,466

8,136,649

...

250
70
495

150
10

delivery,

9,306,313

...

40,000
572,250

...

Hamburg

S.

150,200
172,700

337.200

Marseilles

Brazil
Central

705,060
535,595
61,980
12,000
209,374

65

Bye,
bush.

9,011,123

BFe

393,725
5,370,297
632,323
332,975

Havre

Bartey,
bush.

Oats,

10,O9'6,172

Parley „

212,500
1.378,520
100.900
277.006
41,250

Bordeaux

goods market, "with

bbls.

UOats

312
1.197

635
35
173

week

434,831326,899 60,322
612,153 431,630 174,198
'Total receipts at same ports from Dec. 27 to Nov. 5, inclu•swe, for four years
iqgi
1880
1878
1879

Com

lbs.

which was generally observed

Total week... 278.450 1.433.3701,658.542
Oor. week '80.. 294,191 3,639,336 2.371,540

Wheat

Tallow,

lbs.

pRlDAf. P. M., November

tnish.

561.153
512,424
643,747
532,211

Ttmir,

Koar

Cheese,

lbs.

bush.

hush.

2.160,002
2.755.745
2,931,633
2,188,417

Receipts of flour and grain at seaboard ports for the
•ended ^ov. 5:

A

Bacon,

lbs.

141,.576

tmsh.

29. ..209,091
22... 173,757
15. ..199,816

«w kg '80.. 823,075

Kew

Lard,

bbfs.

125,082
25,522

620,636
757,710
918,141
832,088

00/^.
'endiHff
5... 190,597

Mov.
Oct.
Oct.

Beef,

bbts.

Glasgow
Hull
W. Hartlepool

Bail and lake shipments from same ports for last four vreeks:
Oats,
Bartey,
Corn,
Rye,
Wheat,
Flour,
Week

Oct.

Pork,

Liverpool

Hayli
West Indies.

1978.

5.

.

Wheat

1879
Week

1880.

1881.

rioOT

Exports of PrOTlslons.
The following are the exports of provisions from New "i ork,
Boston, Baltimore, Philadelphia, Montreal, Portland and New
Orleans, for week ending Nov. 5, 1881, and their distribution:

London

Comparative shipments of ttour and grain from the same
Bons from Dec. 27 to Nov. 5, inclusive, for four years;
*^

[Vol. XXXIII.

mostly

quiet

"spots," 4 l-16c. for 64x64 "futures," and 3>^c. for 56x60s.
Prints continued quiet, and there was only a moderate inquiry
for ginghams and cotton dress goods.
Domestic Woolen Goods.— The market for woolen goods has
been inactive as regards new business, but there was a good
steady movement in light-weight cassimeres, suitings, worsted
coatings, &c., in execution of orders previously placed by the
clothing trade. Heavy clothing woolens moved slowly, and the

demand for

cloakings was light and irregular. Spring woolens
have rarely, if ever, been so largely sold ahead at this stage of
the season, and all fabrics of a desirable character are firmly
held by manufacturers' agents. Kentucky jeans have lacked
animation, but there was rather more inquiry for satinets, which
resulted in a moderately increased business. Scarlet and blue
flannels, also dress flannels and sackiags, were distributed in
relatively small parcels to a fair amount; and such was the case
with blankets and shawls but worsted dress goods were slug;

24.958,991 4,170,535 2.787.861 1.372.019
4.365.709 2.056,375
26,449.095
21.252.573
'
"" 1.256,184
"
" """

5. '81 .. 21,155,9.54

Oct. 29. '81
Oct.
Oct.
Oct.
_, „
JSoy. 6, '80

"

2l,750,56<} 17,322,861 4,915,359 2,702,178

869,592

gish.

—

FoEEioN Dky Goods. The demand for imported goods was
almost wholly of a hand-to-mouth character, and in detail
there are no changes to report in this branch of the trade.

NOVEMBKB

THE CUROxNICLE.

la, 1881.1

65J7

Beoalpls or li*Bdlns ArlleUa ol Ooaiesde Prudnn*.
table, bated apoa daily reports made to th«
New York Produce Bxohange, show.4 the reoeipts of leading
which was attended with satisfaetory resalts, the entire offer- articles of domestic produce in New York for the week ending
ing and a good many duplicates having been disposed of to with Tuesday last (oorrespoadlng with the week for eiporta),
also the receipts from Jan. 1, 1891^ to that day, and for the
good advantage.

auction rooms were fairly supplied with ailka, Mtins, veland the feature of the week's buaineHO in this
connection was a large peremptory sale of all-silk plushes,

The

vetn, laceH, etc.,

The following

corresponding period in 1830

Importatlona of Dry Oooda.

The 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 aa follows:

Week ending
Not.

Ashes

E 2h
S

Flour,
t 'oni

SUV....
IClaoeUan

Flax...

Cotton

Wool..

ICannfact

1

»

o

IMNlo

1

T

3

;

.

•

•

.

.

\

:

.
•

f

n

u
-ao;osto

o—

yt(o

0<X>

»0QU

CO

1

— «__—

CO

rf>-

c^oixcoo

§
K
4

to (C Oi *-

X
n
n

H-OOOtO

to CO

10 CO

en 03

-40 l^tOW

*4C0^J-O

nn

3S*-;JtO

ro

— ci
o—

CO
Vt

X

tr>

!*»>

^

ciWMtaw
csco« —
o< to 'tg j: to

WlO
top

_.

coco

t9tOO»-><l

K>tO

M©
o^

MJOQobiCO
couiioa.o

^ O ^ CO

to -g :o

X

*>>

a CO

OiCPO — CO

COCJI

•>!

10

yi CO -J

1

a 9
^

H
S

2,864
44,280

bids.

4.743.108
180,422
40,647,201

..bush

99.355
3.469
733,370
33,324

bush

0.50.164

41,040.131
13.317.111

4,100,873
142,840
Sl,152,e46
1.404,472
36.100,541
12.170.462
4,318,610
392,»«H
798,884
33,233
343,610
87,681
125.3U0
39,171
33.395
3,367,120
155,000

MtOMM
M 01 » -1

o

H

\a

MMtn to 10

n
X

ts

D

'-131 li

r>

u

>

cob

QO-iOtnOO

M

OW M —
cj«t;<i^Oto

Vai'-* WO'

03 O' CC tt if^

CO

OiOtC tOJD

ODM
oco
ob>
»0*.J
COM

§ ^

— CO CO CO

o

KCOACdOJ

wbiwwo

mVcdo-'J

OtO
COO

OCCMMrf*

M ^ 10 CO -J
I

li^O

WUtO

c;*

<i

if^

?^

x*»bi*-oi

Oi®-ioa>
** :o J^ 10

^

O to -1 o: ci

W^Ji,-'CO_-J

—
O ^;OM —
-no CDOMC^**

M

Jj iX
o: OT c: to CO

(0 CO
-1

5
3

tfkyj^OM

a
S

33,029
84,326
2,411,7s5
138,36 4
^,443
54,315

Hops
Leather

sides

Molasses

P'9^*

3.C43
32,636
11,929

huus.

Moliisses

bbls.

303

M
M

Naval StoresTurpentine, oruda

97.602
127,107-

bbls.

35

1.103

Rosin

bbls.
bbls.

1.097
6,766

71.015
270.S1I

Tar

bids.

228

22.3.10

Pitch

bbU.

5
11,351

Turiieutlne, spirits.

.

.

MS

47,512
2,590
88,052
340,428
18,404
2 ^33
563!l04
9,254
181
80,727

103,080
122,fl20

33,201

:iO,416

a!

Cutnieat)...

1 ,423

958,4riO

2

329

pki

4 .940

1.299,210
2,363,782
534,533
530,046
212.809
35.993
59,0SH

1,467,020
1,201,011
2.213,021

O
>-

s»

MtO —

7.>1

bales.
bales.

9.538
1,947

M
>-

«

x
o
a

1,003,201

pkgs.
pkgs.
pkgs.
pkgs.

1 si
?^ M
M

1

19,200
6.468
2,228

br^

Pork
Beef

2r
as

a CO

otcoMMa

25.3118

bags.

219.5H7
834.673

c

MioCiOSW
i^ffl®-aoi

331

oil.

4.t!97.0.-|8

312

a!

t OO-iOM

27.9,^7

2,089

QD
00

g

bal(M.
bbls.

bbls.
galls.

s

cc

133,414
246,100
4.294

Cush.

:s^>^^0
0'

o

869,0-.t9

....bush.
. ...bush.
....bush.

Peanuts

?1

TO en

..

Oil, lard
Oil, whale

M
M

c;-

I>l>lii.

bush

3,272
517,061
8,506

s

O

wheat

Oats
Barley
Peas
Cotton
Cotton seed
Flax seed
Grass seed
Hides
Hides

I

^

<»
on

^»
MOt
oy

tail

3.042
80,223

meal

Wheat
Kye
Com...

Same time

Oil

Oi'oobVii^

*]
*"

OD

w :o

M 1- to to

^CO(*-XO>

to

t0

^^ MM— M

MX
«- ©to

1,

89
868

Lojul

1

N;

-1*^ IOC" to
bo'ia'Cj
10 00
cc c*' -1

a

3

'S

CO -q

-.0

.=<!

M

Ci-yi<uci^

MCOVU;-!

a

s
»

to
OD

a ta

8

-X"

•fl

OB

too*cooco

30

MM to to
M^
* M ** -1 to
o ^•^XutO* 1

COXpM JO

OS
0<A

0)00}

mcoOOiM

^'

— X

>

tOM
eowif^toio

-^

^f

MOS J» —
oeocDOiM
00— yii-«-^

oca MOD to

ODODik.'XilO
OCO OS to yi

p

ODOJ

QoccQDaao

'TJ

ato-'ioco

MC;i

"J 10

Since Jan.
1881.

Bmadstuffli—

mi|

i:

8.

bbls.
bbls.

Boaiis

B

:

:

no

»

cake

pkgs.

„
Provisions —
Butter
Cheese

Eggs
Lard
Lard

&bbls.

Hogs, dressed

No.
pkgs,

2,048
1,426

slalis.

586
330
5
829

pkgs.
bbls.

hhds.
pkgs.

boxes

Whiskey
Wool

57

19,067
5,481

kegs.

Rice
Spelter
Stearino.

Sugar
Sugar
Tallow
Tobacco
Tobacco

-

bbls.
tcs.

& cases.

4,12s
2.350
3.532
6,521

hhds.
bbls.
bales.

110,.';03

18.139
9.946
16.119
43.215
138.703
80.6s0
185,716
90,483

128,529

511,257
564,1»»
147.845
40,883
00,005
00,898
17,543
134
9.163
92.432
138.093
94,775
256,316
83,878

Exports ot Leadlaz Artleles of Oomeatle Protfaee.
The following table, l)ased upon Custom House returns, shows
the exports from New York of aU leading articles of domestie
produce for the week ending with Tuesday last; also the exports
from the 1st of January, 1881, to that day, and for the oor-

QD

M

latport* of Leadlna .Irticles.

esponding period in 1880
following table, compiled from Custom House returns,
shows the foreign imports of leading articles at this port from
Jan. 1 to Not. 4, 1881, and for the correspondiag period in 1880

:

The

Week ending
Nov.

8.

Since Jan.
1881.

1,

Same lime
laityear.

;

[The quantity

is

given in packa^rei)

when not otherwise

speoifled.]

Ashes, pots
Ashes, pearls

Beeswax
ISBl.

1880.

Chtna

....

Sartbenw
Glass

Qlassware
QI1188 plate.

Buttona
Coui, tons..
Coc-oa,

bass

baKS.
CottoD,bale8
CJoffee,

DruKS, 4o—
Bark, Peru.

Blea. iwwd.
Cochiueal..

Oambicr
Qum, Arab.
.

.

lBdi;{0

24.104
46,577
425,212
49.630
6,861
10,102
51.542
49,494
2,215.260
9,093

26.514
17,008
4.913
44,083
6,526
4,33

Modeler, iu:

525

OUve..

45,775

Oil,

Opiiuu .. .
Soda, bi^ob
Soda, Bal
Soda, oah.
.

Flax
Furs

Uuimy

1,128
6,244
40,269
6S.205
6.4.33

cluth

Hair

Hemp, bales
Hides, Ac.
Bristles
Hides, dr'sd
India rublMjr
.

Ivory
Jewelry ,4tc
Jewelry
.

Watches

1881.
Metals.

OUlua, dic-

.

Linseexl

Molasses
Metals, &o—
t^utluiy..

Hardware...

0.466
2.381
6,802
264,409

20,543
50,971
600,177
53.052
6,035
11,320
70.105
35,76!i

3,493,421
5,693

" RK.bars
I.<>ad, pla

Siielter, lbs

Steel
Tin, boxes

.

Wines

42,446' Wool, liales.
1.553; Reported
value,

5,933
8.56

42,.507

5,001.731

442,446

811,266
16,764

176,040
201.252
48,548

124,624
172,978
9j,683

$

.

1,470.203
1,485.802
579,501

1.292,748
1,333,365

1.195,343
1,370.653

1.535, .591

545,306

11,122 Fruits, Ae.3.3'i3

11,270
219,669

]>;nioas

..

Orangos
Nnta

..

841.228
1,170.812

1,105,286
873,916
1,373,955

2,852' Hides, undr. 17,075.776 20,2.59.938
7.234' Rice.....
222.791
338,333
60,610 Spices, 4o.—
Cassia..
201,780
2,112
06.929

3,199

..

Pcpi>er..

9,^9 Hiilt|iecre

69.830
620.329
339.320

101,941
539,543
343,977

421.605 Woodrt

77,134
6,639
1,141

t'orlf

Fustic ...
L.ogwoo<l

Mahogany

Com meal
Wheat
Rye
Oats
Barley
Peas

Com

Candles
Coal
Cotton
Domostios

Hay
Hops
Naval StoresCrude turpentine
Spirits turpentine

bj/

48.6741 C'ijfurs .
89.0871 Fancy goods
7,0111 Fish

Ginger
1,513
1.037
174.427
67,790

315.240
748.691

55,589

1,03 i.87"

10.2.^2,

ilaiiiins

2.209
6.330
58.880
2,736

,

239,572
325,820
30,223
2,;y9.5o6
967.984

1,317.064 1.474.575
Tin slba.,lbs 15.033.237 24.228,935
Paper Stock.
137,949
274,912
^uKiir. hhds,
ti;s.. <& bbls.
538.398
572,732
Suierar, boxes
aiid bags
2.622,.300 2,908,731

31,224
27.350 Tea
3,444 Tobacco
87.824 WineH, 4o.—
5,849 Clianip'gne
6,279;
bxskets ..
1,109;

1880.

Ac

Iron. pig.

BrcadstuSJ9
Flour, wheat
Flour, rye

627.532
107.610
677,802
396,232

537.704
77,029
781,030
244.905

Rosin
Tar
Pitch

bbls.
bbls.

58,331

86.480

bbls.

67,095

3,938,783
2.913
172,926
37,713,405
333,330
407.396
15.349

3,613.112
3,487
160.407
56.425,421
1,869,235
375,124

201,873
28,276.418
46,651
58,438
476,535
118,947
73,561
30,277

276,29ft
45.359.179
43,252
49,637
562.510
102,540
102,243
10.469

l>bls.

bbls.

3.913

bush.
bush,
bush.
bush.
bush.
bush.
pkgs.

694,404
21,973
3,631

tons.
bales.

1,719
4,693
1,580
1.592
1,284

.bales.
bales.

hbls.
bbls.
bbls.
bbls.
bbls.

owt.
gals.
gals.
gals.
gals.

Beef
Beef

Cutmeats
Butter
Cheese

lArd
Rice

3,112

420,514

270

126
69
61,479

10.789
170,238
9,606
4,374
2,146,966

25.623
117,408
6,341
4,769
3.759,657

146

163,213
162,2!i2

2.-53.654

5,130

320.13.-,

353

31.98S
296,633,730

668.672
112,6aS
217,521,6«8

163.924
40,791
46,938
326,480.799
17.230.947
116.907.867
194,016,916
20,346
30,671,680
73,921
48,189
4,924,334
06,663

109.298
S3.SSS
47.015
454,1 69.598
26,191.381
110.073.630
248,291.000
19,913
71,534.321
30.118
43.365
5,664.104
77,127

6,638,546

bbls.
bbls.
tleroos.

4.410
1,694

lbs.
lbs.
iba.
lbs.
bbls.
lbs.

4,669,875
264,113
1,079,682
4,160,098

lbs.

262,906

166

210
3,845

gals.

Tallow
hhds.
Tobacco, leaf
bales ami cases.
Tobacco
Tobacco, manufactured. IImi

Whaleboua

lOtt

325

Whale
Sperm
Lard

Pork

762

lbs.

Oilcake
Oils-

Linseed
Petroleum
Provisions-

1,212
193

718

484
197,200
1,561

754
57,504
2,187

70.185

(^HKONICLK

IHli

638

W. W.

Practices in the District, Circuit and Supreme
tates iind uf the Suit**, in
of ciisec Has no other business, and deTOtea his pergonal tttlenliun «nd all his timf. exclusively to hB vrofessicn. Refers to Bank ot Monroe.

Courts of the United
all claspes

EST A

B

I.

HED

S

I

1864.

Coleman Benedict
STO4

£«. »i

MEMBEUS OF THR

ST.,

V 81 OCK EXCOANGK,

N.

Company

week y

to our

correspondents

Geo. K.
NASSAU

IT

NEW

ST.,

DEALBUS
Sell

VOKIi,

on Commission,

on marYork Stock

for cash or

New

Kin, all securities dealt in at the

Interest allowed on daily balances.
All deposits subject to check at 8i;iht.
Particular attention to orders by mail or tele

Kraph.

MARVIN,
TRUSTEES:

CUAS.

H. Prentiss,
NEW YOKH.

STREET,

WAl.l.

X

».

8

->

s

WM.

AM. AM

u

T

I

I

*

i;

LJ

niTErs

KRNEST GRUB8BKCK,
GRATfT B. ScaLKT,
Members N. V. stock Exoilun^e

&

Groesbeck

Schley,

WAI-I.

l.T

NKW YOHK
Geo.

NEW VORK.

STIIEET,

v/. r.Ecn,,
jN.Y. £*toclc

Member

Cl.NCI.VNATI.

M. ZIM.\IEKMAN.

Cecil, Zimmerman
74

69

Member

EDMUND

rillRU

W.

Member of

&

Rutter

A

Walker,

THEo. V.

on Commission, for cash or on marKin, ajU Securities dealt in at the New York Stock
ExchanKC. Interest allowed on daily balances.
Particular attention paid to orders by mail or telefiraph.

No.

Max

Sa.vi/.
E. sand.

Sand

E. Trowbridge,

Member

& Co.

W.M. n. Kkndai.i..
ICxch.

BANKERS AND BROKERS,
Refer to Messrs. FisK

Jt

WASHINGTON,

CO.,

D,

C

and

sold

on commission

Brokers in Railroad Stocks and Bonds,
GOYERNilENTS Jc FOIiElON BXCHANQE.

at the

Chas. K. Randall.

1/epoaits received subject to check at sight.
per cent interest allowed on alt daily balances.
Orders executed at London. San Francisco, Boston, Philadelphia ami Baltiiiioro Exchantces.
P. S.— My I^ew York Weekly hinancial Report is
mailed free of charge on applicatton.

Member N.

R.

,A.

Oito

«la«ses of Securities dealt in at
the
YORK
BTOCK EXCHANQK, or all reputable
Securities
bought and sold
the OPEN MARKET.

Lancaster

66

»nd

LOANS

COMMERCIAL PAPER

«ld on

negotiated.

DEPOSITS, su bject to cheek.

Intere,t

"

^^»-C"«K

H. U.

Clark

&

An

assortment

always

in

dealers

of

desirable

bonds

3

Pine

Street,

New

W*thJ >,"eV!"rT 8?,«k"and",h'J

Fork.

^^"''^l"'^'

"""It in

Co.,

in

Securities.

Bought and Sold on Couinilbsloh.
Virginia 'fax- /iectiuiftU Co-tpcm^ Hmtght.

hand.

sOVljIKltf/ SECVKITIt:!^

A

UPKVIALIY.

LOANS NEGOTIATED.

Correspondence

INTEKK8T ALLOWED ON DEPOSITS.

solicited.

WM.

ADDRESS:

A.

W.

Beasley

&

21

C.

DEALEU

W. C. Floyd-Jones,
Members

TRUST COJIPANVS' STOCKS.
V

MISCELLANEOUS SECURITIES,

James Kitchen,

paper

COMMISSION BROKER IN UNCURKENT
INVESfMENlS,

William Robison,

&

70

Robison,

BANKERS AND BROKERS,
No, 2
Stocks,

P. O.

EXCHANGE COURT.

Bonds and

bought and sold
or on margin.

all

[strictly

BOX

CEDAR STREET,
NEW YORK

3413.

STOCKS

Investment Securities
on commission] for cash

Kohn &

Bonds

AND

,

of the N. Y. Stock Exchange.

Floyd- Jones

A.M> liONDS,
S'lOiKS

City andotlier Railroad Stocks^

CITY RAILROAD STOCKS A BONDS
BOUOHT AND SOLD.
In this

NEW YORK,

IN

TELEGRAPH

H.

L. Grant,
Su. 14S H H O A I> W A

NOYES,

NASSAU .STREET,

Co.,

BROADWAr, NEW YORK.

Glazier,

I]. con,

&

IJ'VERNMENT BONUS, STATIS. CITY, COUNTY
HAILIiOAD* MISCKLLANKOCIS SECUKlTlKg

and

BONDS

At Auction.

lUCOK

ANKKRS AND BROKERS,

WiEnuii.

UKOADWAV, .NKW YORK,

Flret-Clasi. IiiveMtiueat

NEW

m

C.

Y. Stock Exchan;:e.

BANKERS AND BKOKKKS,

Sea quotations of City Railroads

Purchase and sell on Commission
GOVKR.NMBNT
and RAILROAD BONDS and
STOCK.*, and all

Wierum,

EXCHANGE PLACE,

50

for cash

collateral

&

Randall

NEW YORK.

25flNe§T. -f^euu^ORK;

Co.,

COMMISSION.

4

4 Hatch.

0LLijvs,pouDE)v 3Jejvi^,

&

Brothers

G.4S !>)TOCKS
STREET,

N. Y. Stock Exch.

of the N. T, Stock Exchange.

Advances made on approved
market rate.

98
No. 31 WAI^L.

John Sickels.

Member

COMMERCIAL PAPER NKGOTIATltD.

General Bankluff Bus[ues« Transacted.

A

forthopast 10 Years

BANKERS AND BROKERS,
54 Wall Street, New York.
STOCKS A.NU BONDS BOUGHT A.ND SOLI! ON

UROAU OR "27 WAL.1^ STREET,
NEW YORK.

.*)

all

SPECIALTY.

Sell

.

YORK.

BUOKERS,

4NI>

BROADWAY, NEW YORK.

No, 80

.(JEW

Investors or Dealers wishing to buy or sell are
invited to communicate.
State, Municipal and
Railway Bonds and Coupons bought and sold at betit
Market Rates.

N. Y. Stock Exchange.

BANKEIIS

EP.OAD STREET,

RAILROAD SKCUKITIES
'An intimate knowledge of

WAXKEH.

N.

ST., t i.NCINNATI, O.

W«.

D. Hatch,
Member N. V. stuck

N. T. Stock Exchange.

M. RUTTER,

C.

BANKERS AND HKOKERS.
UKOAUWAY, NEW YORK,

WEST

No. 20

of N- Y. Stock Exchange.

P. SCH.VIIDT,

Member of

SKCURI'I'IES.

Fred H. Smith,
RA.NKKR AND BROKER,

O.:

W. P. TnoMAS
W. M. WIL8HIRB.

Ex.

Tork.

ATTENTION GIVBN TO THE NBOO.

RAILROAD

liWESTHEXT SECURITIES.

B n O K E R 8,

No

BANKERS,
New
TIATIO.S OF

Securities bouKlit
or on margin.

THIS P'APEn.

FRED. A. BROWN.

II Pine Street,
:<PKCIAL

Secretary.

BKOWN.

H.

Walston H. Brown & Bro.

&

BATEMAN

v.

I

«UOIA'l'IO,".f IN

WAL8TON

Branch Office:

or

!»i:i-i

UKA
SKK (iAS

BUNKER.

BANKER AND BROKER.

KIX1>!*

<lK<»OSil.V>

R,

"WALL STREET,

5

New York.

Corlies.

Olliffe
Schmidt,
No. 72 BROADWAY & No, 13 NEW ST.,
BROKERS FOR THE PURCHASE AND
SALE OF RAILROAD SECURITIES.

-TOCKS ANI> UONDf

UAII.HO-.I.

liEF.'t

Edmund W.

Austin Corbin.

Ml

«; II

I

Vice-Pres't.

Co.,

STOCK BROKERS,
No.

Wm. B. Kendall, Henry Sanger, Alex. McCue,
John P. Kolfe,
Chas. U.Marvin. A. A. Low,
E. F. Knowlton, Abm. B. Baylia, Henry K.SheldOD,
a. B. Pierrepont. Dan'lChauncey, John T.Martin,
A!ex. M. White, Josiah O. Low, Ripley Ropes.

h
\

R.

&

Lapsley, Field

ministrator.

Buy and

>o. \1

Special.

it can act a.s aRent in the sale or management of
real estate, collect interest or dividends, receive
rejiistry and transfer liooks, or make purchase and
sale of Government and other securities.
Keliffious and charitable institutions, and persona
unaccustomed to the transaction of business, will
tlnd this Company a safe and convenient depository
for money.
UIPl^EY HOPES, President.

Exchange.

Geo.

N. Y.

CORNELIUS W. 0LI,1FFE,

IN

I.WESTMENTS.

riRST-CX IhS
Buy and

Suns,

Sistare's

sts., Brooklyn,

is

A strictly comnii?<«inn business conducted in the
purchase and wile of Stocks arid B<mda on Margin
or for invesinrent.
Complete Financial Keport issued

Clinton

lapslet,
d. Setmopb willard
Members N. Y. Stock Exchange.
Jr.
Cykus W. Field

Ctbus W. Field,

authorized by special charter to
act as i4Rceiver, trustee, Kuardian, executor, or ad-

This

Co.

6:

NEW YORK,
A \ 1> IS O \ D S

BROAD

No. 24

A

for.of MontaKue

and Attorney.

Solicitor

Howard

The Brooklyn Trust Co.

Fa mtr,

MONROE, liOriSIANA.
Connsi'lor,

Financial.

I'iiiaiicial.

rfitsincisii.

XXXin.

[Vol.

n>« Underilgned hold RJJi lULAR AUCTICN
BALEij of all elii.6se8 of

Co.,

BANKERS AND BROKERS,
BONDS
STOCKS AND
ON
66 BROADWAY AND 19 N«W STREET,
WBDNBSDAYS AND SATURDAYS.
NEW rORK.
II. milM.ER &. SON
4DK1AJW
STOCKS AND BONDS BOUGHT AND SOLD ON
COMMISSION.
Ho. 7 FINE BTEEEl', NEW YORK.
'

NoTinniK

THE CHRONICLL.

IS, 1881.J

JOHN

George Stark

&

F.

BIABK.

E.

Co.,

iluy and

sell

PINE STRKKT.

InTOstment Pocurittea

A

MimnilsDiun.

W.

P.

7 to 10 per cent Interest.
neiiotlatlun of loani npor

in larite or small

Ouah paid at ono« for the abovo Seourltle.'f or
wtll be aold on oomiDtiiBlon, at «nller*a option.
;

they

amottnta

&

Gallaudet

Co.,

&

R. T. Wilson

Co.,

Advances made on business paper aoa other

&

Taintor

NBW YORK.

New York

3 RsKliance Court.

PHILADELPHIA,
CONGRESS STKKET AND
Ko. 2 CONaRKSS SQUARE.

No. 7

Stocks and Bonds bought and sold on oommlBalon
leou rules.

COMMlBUOn ORDBH8 KXBOVTKD Ig
BOSTON,

BANKERS AND COMMISSION MERCHANTS

BANKERS,
VNITEn BANK BUILDINO.
WALL STREET, C'OK. BROADWAY.
STOCKS, BONDS & CO.MMERCIAL PAPER.
at N. Y. Stock Kichanxe.

J. P. lVIXTRI!VOII\l»I.
GAS, INSURANCE. BANK STOCKS,

&o.
gKCUBITIia BOUGHT AT THK AtTCTION lALU.
No. 3« PINE STREET,

Holt,

BOSTON, MASS.
Tower, Giddihgs & Co.,
BANKERS,

NEIY YORK.

BANKERS,

WALL STREET, NKW TOKK.
TRANSACT a a BNBKAL BANKINa bnslness.

John

M*. 10

DEPOSITS

INTEREST

received and

allowed on

sell

GOVERNMENT, MUNICIPAL and

&ALLROAD

londs.
Priv.te telegmph wires to Providence and Boston

O. E.

TAINTOR.

GEO. H.

HOLT

Manning,

B.

No. 6 lYall Street,

New York

Oltf

A SPECIALTY
and Coupons

Wm.

STREET, NEW YORK
DEALER IN ALL KINDS OF

WALL

aud InTestmeut

Bail road

Securities.

N. T.

Beers, Jr.,

NEW STREB1,

1

Aud Dealer*

UAKRY
W.

C. ..UOA.V.

No

R.

Oppc»:tk Second St

Securities,

raD«,

W. Norton &
CA8B CAPITAL,

CKuaxB Oaklxi

Office, IHO Fifth Avenue).
Allclassusof Kailw.tj and Miuing Stocks booffht
and sold on Commission.
Private Telegraph Wires to Philadelphia, WilmlliKton. Baltimore, WashiUKton, Ronton, Bridgeport

Co.,

&

Eustis

P. LLOYl).

Member

Lloyd

&c

Bu7 and sell— on commlflBion— GoTemment. llaU
way and MiAcellanei>U8 Securities. U«ceiTedei>uiiitt
object to check, and allow Interest un balancen.

Buttrick

&

Elliman,

BANKERS ANU BROKERS,
Nos. 37

&

39 "Wall

St,

New

York.

INVE8TMKNT SECURITIES
BOUGHT AND SOLD iiN CO.VIM1S8ION

B0NDa,8TOCK.'< and
C. A. BtTTTRICK,

Member of theN.Y. Stock Rzcta

()

t

Co.,

Collections promptly attended to.
Correspondents caretullv represented at Auctions
and Private Sales. Bonds of iitiod but not wellknown railroads always wanted f(»r Investments at
the best rates. Orders on marains not entertained

Baltimore Bankers.

iianlicrs.

tn.HsillOU^lo
K AN K KR8
72 Devousblre

U all

•itret-i,

NI-.M'

«<»»K.

Oful iti Uovernments and Standard Investment
becunties.
Bonds and Stocks bought and sold on commission
at the New York. Boston and other fcxchiinges.

SethH.&H.B.Whiteley

(JEO.
VVai.

WM. BALLOU,

D. H. DARI.ING,
A. S. WE£H.!j,
Boston.

H. BINGUAm,
New York.

Brewster, Basset

&

Co.,

BANKERS,

(te

35

CONGRESS STREET,

BOSTON.
STOCK EXCHANGES.

Co.
ft:

KS
STREET,
,

Nenr York.
.^Transact a General Banking Business. InclndInK
the purchase and sale ot STOCKS and BONDS for
Olsh or on margin.

,

BANKERS AND BROKERS.
No 27
P. O.

Box

Sell Imrestment Secnrltlea.
P O. BOX '^.MT

WAYI,AN1> TRA8K.
W. C UlLU

II. J.

UOBSI

Dealers In Mnnlclpal, State, Railroad and
United States Bonds.

Parker

&

Stackpole,

J.

DEVONSHIBS STBEET,

C. D.

New York

LOWHOM.

Brown & Lowndes,
BANKERS AND BROKERS,
GERMAN STREET,
BALTI.nORE
874.

No, 19
P, O.

Box

&

Wilson, Colston

Co.,

BANKERS AND BROKERS,

BALTI.nORB.
INYR8TMENT

and VJRGI.M

specialty.
•

BOSTON.

STREET,

BALTimOBB.

Wiixcox Brown.

BANKERS,
No. 68

GERMAN

313.

Orders for Stocks executed In Boston,
Philadelphia and Klchmond.

ALao.

No. 18 WAI.!.

A U. KiSDIB.

BALTI.nORE.

BOS'C^t.^.

MEMBERS OF THE NEW YORK AND BOSTON

Bay and

No. 7

St.,

Sons,
BANKERS,
SOUTH STREET,

TRANSACT A GENERAL DOMESTIC aXD FOREIGN BANKING BUSINESS.

no.

C^

&

Robert Garrett

KfO**ive Hccounts of Banks. Hankers. Corporations
Miirt i)idividUHl» u|H,n favorable terms.

Wh. ELl.lMAN.Memoerof the N.Y.MInlnKBzchV*

BAN K

PHIliADELPHIA.

No. 30r Walnut Place, PHII.ADEl^PHIA.
Government, State, Mnnlcipal and Itallway Bonds
and Stocks bf>uKht and sold at all the Kccnantces.
Investments prudently made in sound railway se-

,

I

St.,

issues of United States Bonds.
Investment Securities a specialty. Correspondence
invited and full Information upon financial subjects
furnished.
all

A. P. Turner & Co.,
BANKERS,

K E R S

Uoston
!««-«;.%%

STRKKX, NEIV YORK.

S4 lVAi4i«

BANKERS AND STOCK BROKERS,
134 Heath Third

CINCINNATI, OHIO.

C. McKlAK
of N. Y. Stock Kzeh'm

J08. M. SBOiCHAKSR.

curities.

B K

W.

McKean,

TH0MA8.

C.

Thomas & Shoemaker,

t20a,oa».

(Branch

sod New Haven.

GOVERNMENT 8BCURIT1KS

County and Railroad Bonds.

Dealers In

LOUISVILLE. KENTUCKY.

C. BYBK.
Special I'ariner.

Co.

Pbiladeiphia Bankers.
0«0.

BANKING HOUSE OF

G.

&

!»TATE STRKKT, HONTON.

DEALICRS IN

32 SOUTH STRBET,

,

licited.

Prince & Whitely,
George
64 BROADWAY, NEIV YORK,

JOSZPH

New Tork

BANKKIIH

State, Oit7,

BALTimOKK,

MAY.NAUIl

TKAVEKS.

Boston,

Oovernmentn, Stocks

aud luvcMtinent

NEW YORK.
J D. Princk, J as. Whitii.y, H.

In

Sons,

plnia Consols, Ten-forties. I>eferred and all Usuea
of the State, and to all classes of Soutliern State
City xnd Hallway SeeuritieH. Correspondence so-

Kreokljrn Sccaritics, Ciiy Bonds.
Gas Stocks, Ac,

No.

Fisher &
BANKERS,

HaTB Western Union wires in their offices, by
raeitns of which iiumediiite conimuniciitton can be
httd with all cuinmercial points tn the country. Kbpeclal uttentiuii given kj puctiasc and .sale of Vtr-

SOCTHEBX SKCCIUTIEg A SPKCIALTT.

in

Chas. A. Sweet

Investors or
dealers wishing to duj or sell are Invlced to coDimuolcate with us.
Member of the New York ^ tock Exchsnge.

IV

S

BOSTON.

Orders for Stocks executed
sod other markets.

SOCITHERN SECURITIES
State, Municipal and I'aliway Ponds
bought and sold at best market rate^.

Simon Borg,
V:

DETOM4HIRE STREKT.

No. 83

BANKEK AND BROKER,

balances.

Buy and

IN

Stocks OOVERNmi^NT BONDS,
A SPEi lALTY.
or ALL I8SUB8.

Western K«nn

ipeclikltr raiide of

Will undertake the

Insurance

e*Mh or on

foi

Munxiwea bonrlnv from
Western Cltr property

BANKERS,
AND DBALBB8

Deallnxa In

NEW YORK.

STREET,

Foote & French,

Bailey,

S.
7

BANKEKS,
No. 33 NABflAU

Botlon Bsniten.

Financial.

Financial.
OBUHUI 8TARK.

,

«CURITIKS s
-

i

orrespondcnco soUcUei and 'sTinnatloii tor-

oished.
N. Y. CoBUisPOKSUiXS-lloKlm

Brothsn * Co.

THE CHRONICLE.

^i

Whiteley

MOKISON.

E. N.

&

BROKERS.
AND

BT0CK8, NOTES
IN

AND BONDS.

KOKEIGN EXCHANGE,

Corner i^onth and German
Correspondence invited and

full

&

DKALKRS

Ptreetfi,

BALXimORE, MB.
information on

financial subjectp furnished.

Turner

Brinckerhoff,

Morison,

Wright,

in

Bunkers.

PKINTS, DENIMS, TICKS, DUCKS, &o.

And all kinds of
CANVAS, FELTING DUCK, CAR
COVERING, BAGGING, RAVENS DUCK, SAIL
TWINES, 4C., " ONTARIO " SEAMLESS:

&

Thos. P. Miller

Co.,

BAGS,

Tnwels, Qnills, White Goods and Hosiery,

Correspondents. —German- American Bank New
New Orleans Bank

" Au

Widths and Colors, always in stock.
109 Duane Street.

full Eunply, all

No.

Indispensable Visitor."
—Xeu) Tork
Auttiors, HHch

&

George A. Clark

STOCK BROKERS,
NOKTH TENTH STREET,

6

RICHinOND, VA.
WM.C. COUBTNET.Pres. ErnestH. PRINGLE.Cash

BANK OF CHARLESTO.\,
National Baxkino association,

CHARLESTON,

8. C.

Special attextios given to Collections.

BURBCSS,

K. B.

A. K.

Pres't.

WALKER.

HflliMINGTON,
Collections

made on

R. H.

all

Cashier

Bank,

First National

A. Froudo,
l*rot. iiiixley. U. A. Proctor
Ed^^'iii'd A. Frei'Hiitn Prof..
Ty-idail, Dr. W. H. Carpenter, Finncrw Power Cobbc,
Prof, (joldvrin .Soiitli, The
Ar^j'II.W in. ISlacU,

Duke nt
i>li,<H

O. N. T. Spool Cotton

Ihew Arnold, W,

W.

MAURY

JOHN

President.
R. Scott, Vtce-Pres't.

&

I

STEEL AND IBON
CO.,

43 Broadivay, Neir York.

RHIIVD,

STOCK AND BOND BROKERS,

UTUAI^LrF

AIJGU8TA, GEORGIA.
kinds of Investment Secnrltle
ootriftht or on commission. Information furnished
sell

,

all

Orders and correspondence

INSURANCE

solicited.

„
SSUES

Steainsliipg.

Only Direct Line to France.

GENERAL TRANSATLANTIC CO.
BETWEEN NEW YORK AND HAVRE.
From

Pier (new) 42 North Kiver.foot of Morton St.
Travelers by this line avoid both transit by tnxRailway and the disoumforts of crossing the
Gtuinnel in a small boat.
Wed.. Nov. 16. 1 P.M.
FRANCE, Trudelle
Wed., Nov. 23. 6 A. M.
CANADA, KranRuel
8T. GKRMAIv,Dci»p!Blne...Wed..NoT. 30. I P.M.
Uflh

OFNtWYORK.

overs saooaoa

Ports, including Barcelona, Algeria, Tunis, Genoa
Leghorn, Naples, Messina; also, for Trieste and
Constantinople.
JJ. B.— No freight taken for Gibraltar.

LOCIS DE BEBIAN,

Agent,

No. 6 Bowline Green.

,

is,

.,
,
comparatively
publisned."—

Commircial Adrertinir, Ditrott.
"No reader who makes himself familiar with lt»
can iai k the means of a sound literarr
culture."— A'f«> i'ork Tritiune.
, „
^
^
.
"It enables Its readers to keep fullr abreast of
the best thought and liteiatire of civilliition."—
c intents

Pitfuburj t'?iri!iti<Mi.i<il'Oait«.
.
" The oldest and be t."— Couricr-Jouriwl, Louuw
..
«.
r/nr
Advana,
ever."—
as
necessity
much a
,

'

vine.
' AS

Cliif (ifl*>.

•'
The best and cheapest periodial in America."—
i'rotijfHcoJChurcfcmon, '/V,ronto.
Published WEEKLY at ts 00 per year. frM cj

THE YEAR

C!ab-PrlccK for ihe Bent Home and
Foretsn Literature.
Possessed of The Living Age and ore or other
'

I

^iul Wm&t
GKMJD MEDAIj, PABIS,
ills

1878.

CeUbrated iVumbers,

303-404- 70-36 -332,
and hi* other Bt^lta inay b« had of oil daUvi
I

I

i^

Josepll Oillott

& Sons,

will lind

-Philn.. Bf«ii 1115 Jtuilf (in
For HO 50 THE Living
.

and other corporations m both State
and U. 8. Courts. Refers to C. Aultman, Canton O.
Isaac Harter & Sons, Canton, O.; Kountze Bros
New York; Kz-Chlcf Jnatloe Afinvw, Beaver, Pa.
iduals, railroads

Age and any

one of the
WeeUv ot
or for »» q«
or AppUien'M
The Living Age and the A'. Aicv<«<u».
Journal, OT L^ppincntVa Monthly. Address,
Ic CO., Boston.

M Monthlies (or
r) will be sent for a year,

American
Buz

Jlarpern

p(iy(j«n<(

;

LITXELL

Chronicle Volumes

New Tork.

W. HARTER, ATTORNEY.Canton,
HENRY
classes of cases asainst IndivOhio, conducts

American monthlies, a subscriber
himself in aimitKindo/ tht whole tituatvm."

ot our vivacious

throughout the world,

all

B. STEWART A- CO., MAKERS OF FINE
a^ .Wood Mariteis, Vliror Koo-lcaEes, Ac,
No. J6
Weit Twenty.Thlrd Slieet.

,

magazine

l!-82. remitting befor Jan. 1st. the numbers of 1881
Issued after the receipt of the.r subscriptions, will
pe sent gratitt.

Price op Passage— (Inciudlnfr wine,: To HavreFirst cabin, fiuo and tSO ; second cabin, feO; steerIncluding wine, beddlnif and utensils. Return tickets at very reduced rates. Checks drawn
on Credit Lyonnais of PMri. In amounts to suit

TODCHINO AT Cadiz, Gibraltar 4 Barcelona
The following steamers will leave New York direct
forCadlr, Gibraltar, Barcelona and Marseilles, takSna freight and passengers:
FKRUINAND DE LEiTsBPS, Baquesne
Nov. ast
Bates of Passage— For Cadiz and Gibralt<ir—
first cabin. 176 and $90; for Barcelona and Marseilles—First cabin, $80 and 1100. Steerage, 132.
Through bills of lading issut-d to Mediterranean

cheapest

T*'^rONK'.V SUBSCRIBERS FOR

affe, f!M.

FOR MARSEILLES,

"It Is iodl pcnsable In every household where
anvattCD'pt Is made to keep up with the current
It Is a thorough
thought of the day."
compilation ol what is best In the literature of tbe
day. whether relating to history, biography, action,
poetry, w.t, science, politics, theology, criticism or
speaking, the

F.S.WINSTON, PRESIDEN
EVERr APPROVED DESCRIPTIONC

mma

in interest

art."-H(irt/t.rd tv.uranl.
,,
" It being a weekly publlcatic.n.

(DMl

IIFE AND ENDOWMENT POIICIE
^NTERMS AS FAVORABLE AS THOSE 0,
ANY OTHER COMPANY.
ORGANIZED APRIL 12'." 1842.

G AGE

Bontrm TravtUr.
" It supplies a better Cimpendium of current discussion, information and investlKation, and gives a
greater amount and variety of reading matter,
which it is well worth while to read than any other
pnbltcat ion. "-i*o»(on Journal.
~ "It contains not only the bes.t solid literature, but
Sso the best serial stories of the day." " • • "Its
pages are sufBclent to keep any reader abreast with
the be-t printed thoughts of the best of our contemporary writers."— -BpMcopal RegitUr. PhiiatUphia.
" The ablest essays and reviews of the day aie to
be found here." • • • " We know of no Investment of »B in the world of literature that will yield
equal returns."— rh* Pretbvttrian, Philadelvltia.
'•
To praise it Is a wor« of suporerosation."—
iVfto I'nrJc Christum Advocate.

solicited.

H4RRIS &

•m

,

and value.*' • • * "A veritable
thesaurus of the best work of the most celebrated
writers in literature, science, politico and art."—

PURPOSES.

MASON &

RICHMOND, VIRGINIA,

Boy and

HOISTING

HOPES for Mining purposes manufactured to or-

Inforro'ition on all classes of Southern Securities
especially State Bonds, Tax Coupons, &c.
Cor-

branches of Literature, Science, Politics and

Art.
The Lrv^" No other periodical can compare with „

Fl.AT

THOnAS BRANCH
CO.,
BANKERS AND COMMISSION MERCHANTS.
respondence

THE ABLEST LIYING WRITERS
In all

of superior quality
suitable for MININO

Inclined Planes, Transmlsston of Power, Ac. Also,
.Gnlvunized ChHrcoal and
BB for Ships' RiXKinK, Suspension Bridges, Uerrick
(iuys, Ferry Hopes. Ac. A
larKe stock constantly en
hand from which any de*
si red
len*rt hs
are
nut-

BRANCH,

P.

Morton, Cash. Fred.

more than

It is therefore Invaluable to every American
reader, as the only satisfactorily fresh and UOMPliETE compilation of an indispensable c«rrent
literature,— indispensable because it embraces tbe
productions of

AND

Collections made on alt Southern points on best
terms; prompt returns.

gives

odical Literature.

IRON

RICHMOND, VIRGINIA.
J. B.

Mills.

8TEELAND CHARCOAL

MERCHANTS' NATIONAL BANK,

It

double-column octavo pa«cs of reading matter yearly. It presents in un Inexpensive form, con^.derinir
its great amount of matter, with freshness, owing
to its weeitly issue, and with a satisfactory completeness attempted by no other pnbllcation, the
best Essays, Heviews. Criticisms. Serial and Short
Stories. Sketches of Travel and Discovery. Poetry*
SctentlUc. Biographical, Historical and Political Infoi-mation, from the entire body of Foreign Peri-

Wire Rope.

sell

hns been published fornearly
met with continuous commeo-

THREE AND A QUARTER THOITSAND

CO.,

&,

Government, State. Municipal and
Railroad Bonds and Stocks. Ac. Virginia State TaxBeceivable Coupons bought and sold. All orders
promptly attended to
New York Correspondent, YBRMILTE & CO.

Bny and

forty years, and has
dation and success.
A weekly nuiflaziti*.

BOSTON,
NEW YORK,
15 Chacncey Street,
& 45 WHITE Street,
PHILADELPHIA.
J. VV DAYTON, 246 CHISTNtn STREET.

STOCK BROKERS,
RICHMOND, VIRGINIA,

Jean
Mac—
MalTour-

Littell's Living Age.
The Living Agk

AGENTS FOR
Washington inill«, Chleopee Tflfii. Co.
Burliu<;ton IVoolen Co.,
EUerton New Mills,
Atlantic Cotton ITIiils,
Saratoga Victory mfg. Co.. Ocean mills,
Feabody iTlills,
AND
Hosiery and Knit Underwear
From Various

11.

VV. Story,
lock,
Kcuiefl; Kuokin, Tennyson, Browuinit, an<k
many others, arc represented in the pages oi

E.R.Mudge,Sawyer&Co

43

TliHckerii3', i>lrH. I>lu-.

lock-Crnik, Geo. ITIucDon—
aid, >i r8. 01ll>hant.
lngelo«-, Th"s.Hardy,

RIILWARD'S BELIX NEEDLES
400 BROADWAY, NEW YORK

N. C.

parts of the United States

Prof. I>lax

Hon. W. E.

<Jiail!>itoiM', .1118.

ANT

Ho.

118

.llullcr, Itikfbt

Bro.,

;

& Schoolcraft,

Obserter.

THE <3REATEST LIVING

York Louisiana National Bank,
of Liverpool, Liverpool.

Campbell

Export Trade.

Publication§.

Also, Agents

mOBILE, ALABAMA.
Bpeclal attention paid to collections. w*ih promM
remittances at current rates ol excnange on auy of

Drills^ Sheetings, d-c, for

STRIPES."

UNKFBD STATES BUNTING COMPANY.
A

BANKERS,

"AWNING

SHIRTINGS'

AND SHEETINGS,

COTTON
Soiitlicrn

Fabyan^

BROWN AND BLEACHED

COTTON S AILDUCK

TH08. P.MILLER, R.D.WILLIAMS, JNO.W, MILLER
CHA8. B. MILLER.

&

Bliss

New Tork, Boston, Philadelphia,
SEUCING AGENTS FOR LEADING BRANDS

Co.,

Manufacturers and Dealers

XXXIIL

Vol.

Commercial Card§.

Commercial Curds

Baltimore Bankers.
W. S. WniTELEY, Jr.

I

VTANTED.
Volume 1,1866; Volumes 2, 4,S and 10, and »ueceedlnjt Volumes down to 1678, Apply at PubUo*tion

OOoe,

n A HI WUMam Street.

NOVXMBCR

THE CHKOMJULE.

IS. I881.J

liwuraiice.

lu»urancu.

OFFICE OF TH>

HOME

*^f»U*ltt.
euAB.

OP NBW YORK,
OFFICE, 119

BROADWAY.

BHOWINO TBI

NEW YORK,
The Tnutees,

January 2S, 1881.

In ooufornilty to the Charter of

the Oumpiuiy, submit the tollowlng Btatement
of Its affairs on the Slat December, 1880:
Pi«mluiu8 un Marine KIsks from
l«t January, 1880, to 31st >»oember. 1880
•4,232,675 04
Premiums on Policies not marked
off Ist January, 1860
1,495,047 23
Total Marine

Premiums

Premiums marked

off

^,728,622 27

from 1st

January, 1880 to 31st Decern1>tr,

1880

$4,141,087 80

Cash AsseU

MKNT

aTaUabla for the PAYof l,OS8E8 br rtRB and for the proleo-

tion of PoUcjr-lIolders of

FIKB INSUKANCH:

Caan In Banks
$168 J77
Bondi and mortKSces, belnit Ant lien on
reiil estate (worth »S,88n,8a»)
1 ,71 5,668
United States •looks (njurketTalue).... «,01».luo
Bank ifc HR. stocks A bda.dnarket value) IV:6,617
Slate and municipal b'ds (market Talne)
102.790
Loans on slocks, payable on dnniand
(market value of col'nter'ls,|2.46W,734) 1.886.000
Interest due on IslJulT. t8»l
601ilitf
Premiums uncoll'ct'd i In b'nds of agts. I4S.Me
Beal estate
61316
Total

Betums

00
11
11

assets, ylx.:

Premium Notes and BUls ReOaahln Bank

337,977 37

Amount.

.$12,608,336 71

&

E. S. Jemison

Co.,

BANKERS

thereof, or their legal representatives, on and
Kfter Tuesday, the First of February next.

THE OUTSTANDING CERTIFICATES

COTTON COMMISSION MERCHANTS
No. 10 Old SUp, New York.

XOODT

The

ti

JEMISON,

the time of payment and canceled.

A DIVIDEND OF FORTY PER CENT Is
declared on the net earned premiums of the
Company, for the year ending Slst December,
1830. for which certiticates will he issued on
and after Tuesday, the Third of
next.

M^

Br order of
J.

the Board,

H.

CHAPMAN,

Geo.H.McFadden&Bro
COTTON FACTORS

BssretaiT.

St.,

Philadelphia.

H. W. Fablbv. Uobert W.Golsan.

Member

N. Y.

Cotton Kxch'ge.

J.

H.

Parlbt

of Uolaan.Colt a Co.. Memker H.Y.
St. Louis. Mo.
Cotton r
~

&

Co.,

COTTON COMMISSION MERCHANTS
Ne. 13t2 PEARL 8TREET.
P. O. Box 3909.
NEW YORK.

ealreston, Texax.

&

Geo. Copeland
136 PEARL.

Special attention to purchase

sod

sale of

nON-

Co.,

H. Tileston

&

Co.,

COTTON,

8IREBT. NEIT YORK.

STO<!KS,
BONDS, *«.
WILLIAM STKBET, NEW YORK.

88

Orders In " Fatnres" exeoated at N.Y.Cettoo Kzoh.

Geo. Brennecke

of

be produced at

certificates to

• Ignments.

TKACT8 FOR FUTURE DELIVERY OF COTTON

&

Co.,

COTTON BROKER8,

the Issue of 1876 will be redeemed and paid to
the holders thereof, or their legal representatives, on and after Tuesday, the First of February next, from which date all Interest thereon
will cease.

nitsu

eootraou for fatare 4»
livery of cotton. Liberal advanoea mada aa agi^

Farley

COTTO;S BROKERS,

SIX PER CENT INTEREST on the ontstandeertmcates of proUts wlU be paid to the holders

York,

Speolal atuntlon paid to the eieoatlon of

lai Gbeatuai

1,628,921 34

ceivable

New

for the pnrohsse or sale of

AN

other Stocks
$8,083,558 00
Loans secured by Stocks and
otherwise
1,187,900 00
Beal Estate and Claims due the
Coniiiany, estimated at
470,000 00

Schroeder,

111 Pearl Street,

Cotton.
$873,113 96

The Company has the following
United States and State of New
York Stock, City, Bank and

&

AND COMMISSION MERCHANTS

Premiums and ex-

penses

OnxiAl

40

J. IHARTIN, Prealdeni.
W. WASHH(;rn, Secretary.

J-

|

OOTTON COMMISSION MERCHANT8,

fiO

$2,071,238 98
of

Ware

00
00

»8.8ee.0W 8>

OHAS.
Ixwses paid during the same

ponoQ.

UoiKT U. WAaa.

14

00

Vork.

Speolal attention (Irm to ordara fortks |
sod sals of Coniraots (or miBr* UsIItwt or.OoU<i^

$6,866,029 82

y'>'te<l States,

PEARL STRBBT,

LIBIHAL ADVANCIbl MADE.

SVirinARY OP ASSKTS
''?.'?J.n.,"'S

siaaBii

b.

RaoalTS CoulinmsnU of Cotton and other

$3,000,000 00
Reserve for Unearned Premiums 1,^96,678 00
Reserve for Unpaid Losses
210,724 29
Net Surplus
1,788,627 08
. . .

town

Hew

CONDITION or TUB COMPANY ON THCriRffl
DA y or JULY. 1881.

CASH CAPITAL

aoBOMT.

N». I$5

Flfty^lztb aeml-annnal matement,

Mutual Insurance Co.,

r.

C. F. Hohorst & Co.,
COTTON
COMMISSION MERCHA5T8

Company

insurance

ATLANTIC

Tfl

No. 110 Pearl Street,

New

&

Dennis Perkins

Co.,

COTTON BROKERS,
IIT

York.

Pestrl street.

New

York.

FUTUHE CONTKACTS A SPICIALTT.

Orders for Spot Cotton and I'^utores promptly ez*onted

Tames F. Wenman & Co.,

WALTER & KROHN,

COTTON

CiROKEBfo,

COTTON BROKERS,
S3 BEAVER STREET, NEW YORK.
Waldron & Tainter,
Bennet & Foulke,
GENERAL COTTON MERCHANTS,
97 PEAKL (JTREET, NEW YORK.
connissiox merchants,
No.

1

46 Pearl

Street,

near Wall, N. \

Established (In Tontine Building) 1840.

''Future " orders executed at N. V. Cotton Bxch'Re

PEARL STREET,

lai

NEW YORK.

Wm.
TRDSTEESi
J.

D. Jones,

Charles Dennis,
W. H. H. Moore,

Lewis Curtis,
Charles H. Rujssell,
James Low,
David I..aue,
Gordon W. Bumham,
A. A. Raven,

Wm. Sturgis,
Adolph I^emoyne,
Benjamin H. Field,

Bobt. B. Mlnttim,
Charles H. Marshall,
George W. Lane,
Edwin D. Morgan,
L. Stuart,

James O. De
Samuel

Forest,

Joelah O. Low
WllUam £. Dodge,
Royal Phelps,

Thomas

Thomas

C. A. Hand.
John D. Hewlett,
William H. Webb,

Oiarles P. Burdett,
J.

Parisot

AVODSTA, GEORGIA

,

Henry Uenu * Co.. CommlHlOB Mercbanis Mew
York William B. Dana H Co., Proprietors Coiim>ii
oiAL AHD KiHAMOiAL Chbohioij. and other Ne
Yoik Hou.es.
L. I. and

RICHHONV. VA.

The Atlantic

Horace K. Thurber,

OrFEIl THEIR

C»ARI£8 DENNIS, Vice-President.
W. H. H. MOORE, 2d Vlee-Presldent
A. A. HAVEN, 3d Vlaa-PrasMoit.

A. L.
No

'OBtUtT.

&

Virginia

STANDARD BRANDS

William Degroot,

D. JONES, President.

WOODWARD

tnuKA"

Fertilizing Co.

B. CoddlngtOB

Henry Collins,
John L. Rlker.

Orders to Purchase Cotton In our market sollo)l«4
A t>TlL>.)<AN
Refer to Messrs
York.

New

;

Works at Oriknt,

ORIKNT COMPLETE MANURE,"

a Rood workinR agent in every thriving
cotton, tobacco. Kraln and truck growing county.
Ap-4y (with reference) to

W.

G. CRENSHAW, Preset,
CmlMBHAW WAKIBOC8I.
KlekMsond, Va.

& Co.,

John F. Wheless
COTTON

A.ND
•<

Leman,

COTTON BROKER,
160 SECOND 8TBEBT,
MACON, GEORGIA.

Entire atteni Ion paid to purchase and shirBieQtoC
Cotton on order tor Spinners and Exporters.
Beit of references furnished. Correspwdaao

AMMORIATBD BOMK SufKKIUlOSl-UATB OP LniB
And want

Campbell,

VICKSBVRG, miss.

CoBBXspoHoaKos Souomi).
Keferences :— National Bank of Angasta, Oeorgt

&

Cotton Factora,

Kntlre attention given to purchase of COTTOa
tor BPINNBKS and BXPUUTERS

UKDEK

Wllletts,

Charles D. Leverlch,
W'lliaui Bryce,
V llllam H. Fogg,
Peter V. King.

F. Youngs,

for the

COTTON BROKER,

Horace Gray,
Edmund W. Corlles,
John Elliott,
Alexander V. Blake,

Robert

Special attention given to the execution of orden
punUuwe or sale of Contracts for Fauue
delivery .
__^^^

Felix Alexander,

COnniSSION nBROHAIITS,
NASHVILLE, TENNESSEE.
9p<^clal

attention Riven to Spinners' orders. Ooe

,

rcitpondt>noe so Icited
II

rEHCVCKs.— Third and Konrth

Nstlooal "^-"r

and Proprietors ol the CHuuMiCLa,

.

THE CHRONICLE.

TUl

Stillman,

POST BUILDING,
Beaver Hts.
e»r, Bnskange Place, Hanover <k

INMAN,SWANN&Co

(BXAB OF Custom Hodsb],

NBW YOBK.
eENEBAL COMMISSION MERCHANTS
LOANS MAUB ON ACCBFTABLB
SECURITT.
o

Libenl »<lT»nceB made on ConsUtnmenU.

ol ordera
Bpeelal attention paid to the execution
oontracta for future
Jar the purchase ar sale of
tf eUTcrr of cotton.

COTTON
COMMISSION MERCHANTS,
Cotton Exchange Building,

New

101 Pearl Street.

Tork.

LOANS MADE ON

SOUTHERN SECURITIES.

^^^

Lkhmaii,

WARBXK EWEN,

Dvkb a Co

Uontsomery, Ala

Mew Orleans, La.

JOHN M. BWBK.

JB.

Ewen

AMERICAN

« EXCHANGK
New

Iforfc.

otton Exohtngea lmNe»
Cotton
Torkaud Llretpool and adraBcea made on
to our corre»B* other produce consigned to u«, or
Newgaaa * Co.
In Liverpool, Me'srs. B.

FROM 8TKEL PLATBS,
With

ipondenta

Mid Meaara. L. Rosenheim A Sons.

^^^^

&

«XCB4n OITLT ON

0BD1CB8. FOB

New

co.,

COTTON BtTYERS,
MONTGOMKRY, ALA.

^X.

Safety Tints.
Worli Executed

Street,

186

ST.

GBAVIKR

New

York.

or

A COMMIgSIOy

-/.

ST.,

Uanfortn,
J T. Robertson, Vice-President, (i. H.
P. C. Lounahurr.
Q. H. Stayner, Treasurer,
Theo. U. Kreoland, Becretanr.

iETNA

Orleans, La.

Place,

J.

Sseoial attentlonalven to the purchaae
Future Contracts.

Noe. 16

&

18 Exobauge Place,
NEW YORK-

97 Pearl

Wisdom,
COTTON
&c

COMMISSION MERCHANTS,
NEW ORLEANS,

LA.

Bseclal attention paid to the execution of orders
for the purchase or sale of contracts for future
delivery of cotton In this market, New York and

Uverpool.

B.F.BABCOCK&CO.
COMMISSION MERCHANTS,
IT Water Street, LIVERPOOti,
Receive consignments of Cotton and other Produce.
•Dd execute orders at the ExchanKesln Llvorjoo.,
Bepreaented in New York at the oltlce of
BABCOCK BK0THER8 4k CO.,
go Wall Stbizt.

Graham

Jno. C.

(Bnooessors to R. M.

Co.,

&

Co.,

WATERS & COJ

&

Hughes, Carter

and

&

Co.,

GENERAL

COMMISSION MERCHANTS,
8

Sonlh WiUlam

St.,

New

Hoffmann,

:

D-»?'«»° * °°
SOLON HUMPHREYS, CliVn^^.
& Co.)
DAVID D0W8, Esq. (David Dowb
«UO.I
Morgan
(Drexel,
Esq.
E P FABBUl,
Hon.' 8. B. CHITTENDEN.
Esq.
EZRA WHITE,
J.J.

ASTOB,

Beq.

CHAS, E. WHITE, SAM. P. BLAGDEN.
Ofllce

MANAGERS,
St.,
64 WUlla

m

New

Yorfc.

Lyommercial

Also execute orders for Merchandise through

Meaara.

FIN LAY,

MUIR &

CO.,

CALCUTTA AND BOMBAY.
DELIVERY COTCONTKACTS FOR FUTURE
on commission In New York
TON liouiiht and sold
at New Orleans through Messrs.

Union

HIBAM POOL.

Pool

BABTLSTT

&

8.

ALFRED

JOHNSTON.

Johnston,

58

STONE STREET,

NBW YORK.

Cot.^.-

-

Cxi^ctny,

NEUr I,ONI>ON, CONN.,
HANUTAOTUBIBS OF IH« OELEBBATED

Brown Cotton

L-o.

PELL.
Retidtnt Manager,

COTTON COMMISSION MERCHANTS,
Consignments

Ins.

(OF LONDON),

and Liverpool; also
Samuel li. Buck & Co.

THE BROWN

F.

United States Board of Management,

Meaara. JAMES FINLAY & CO.,
LIVERPOOL, LONDON AND GLASGOW.

AND

COTTON BROKER AND AGENT,
98 RCE DB liA BOORSE, HAVRE.

Co.

Ins.

York.

Orders execiited at Cotsolicited
ton iCxoiiangea in N. Y., New O rleans and Liverpool .

18 William Street, New York.
IHVBBTMENT SECURITIES BOUGHT AND
SOLD FOR A COMMISSION.

Mercantile

Advances made on Consignments to

BANKERS

COTTON COMMISSION MERCHANTS

York.

Agent.

British

NEW YORK
Co.,

MERIDIAN. MISS.

Henry Hentz

&

Mew

LONDON AND EDINBUR«H.
sale

COTTON BUYERS.
MOBILE. A LA.

St.,

ALKXANPER,

OF

New York.

St.,

8,000,000 00

»a,7a»,aTi »a

North

Special attention given to the purchaae
of contracts fo r future delivery.

Special attention given to the Purchase and Sale
Cotton.
et Contract* for future delivery of

Gardes

JAS. A.

sale of

DANCY,

<fe

1,69430180

Capital

COTTON COMMISSION MERCHANTS,

COMMISSION MERCHANTS,
rOBT BUILDING,

and

Hyman &

Dancy,

COTTON

LlabUltiea for unpaid loeaes
and re-lnsuranoe fund

NOBFOLK, VA.

Co.,

$7,424,078 7»

Asseta January 1, 1881

NET SURPLUS
NEW YORK.
No. a Cortlandt

Cotton Exchange Bnilding,

HYMAN8

&

Company

Insurance

ORDERS FOR FUTURE CONTRACTS.

NEW YOBK

p. Billups

Drexel,

James MacdonouKh. Vioe-Prest., A. V. Stout,
T.H.Porter,
A. D.Shepard, Vice-President,
wm. Main Smillie, Vico-l'rcst., Chris. Mejer,

Cotton Commission Mercliants,

18 Exchange

W.

Joe.

A. G. Goolall, President,

Robert Tannahill & Co.,

COMMISSION MERCHANTS
de

Ftreprool Boildinci.

in

OF HARTFORD.

AND

16

exdu-

Safety Papers.

Railway Tickets of Impi^»T€d Styles,
WUhor without Colors, and Tiekett of alt Kind*
TRUSTEES

COTTON FACTORS

PonBciLDiNa.

prevent CovmUrftUtm

RAILWAY PRINTING A SPECIALTY

SPECIAL ATTENTION GIVEN TO THB EXECCTIOII

Gwynn & Co.

Fielding,

PEARL

123

special safeizuards to

or AlttralAam. Special papers manufactured
slvelj for use of the Company.

Mohr, Hanemann & Co.,

Ordert executed at the

York, 1888.

Keohoanized 18t9.
BNQRAVKBS and PR1NTKK8 OP
BONDS. POSTAOB AND REVENUE STAXPa.
LEGAL TENDER 4 NATIONAL BANS NOTMS
of the UNI I ED STATES ond for mann Forti^
evetmmmU.
ENGRAVING AND PRINTING
or SANK NOTES. STATE AND RAILBOAV
BONDS, SBARE CERTIFICATES. BILLS Of
EXCBANOE. DRAFTS. CHECKS. STAXP8, *e.
IN THE FINEST AND MOST ARTISTIC BTTLM

WM.HOHB. H.W.HANK.MANN. CLEMBNgFlSCHIB

PLACB.

toas e. cLisBY

Business foc.ndkd 1795.
Laws of State of !/ew

Incorporated under

NEW YORK.

COMMISSION MERCHANTS,

BROADWAY, NBW YORK.

14a

LEHMAN BRO'S, COTTON BROKERS,
Cotton AND Factors
&
33 Broad

Note Company,

Bank.

Brothers,

No». 31

13, 1861.

Miscellaneons.

Cotton.

Cotton.

Woodward &

INOVEUBBB

Sr

&

S9 Wall Stref-

Whiting Paper Co.,
HOL.VOKE, MASS.
Bankers' Ledger and Record Papers.
Machine Hnnd-Mnde Papers.
Antique Parchment Papers.
Plated Papers.
Bund Papers.

AGENTS

Gins, Gin Feeders and

Condensers,

JAMES

COTTON GINS FOB EXPORT,

tf

».

WHITMORB *

CO.

BBEKMAM BTREBT, NBW YOBK.