The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
xtmtk
HUNT'S MERCHANTS' MAGAZINE,^
REPRESENTIXa THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATEA
VOL.
SATURDAY, NOVEMBER
41.
NO.
14, 1885.
1,064.
CONTENTS.
New York Stock E.xchange share transactions for the five
days covered a market value of 1100,786,685, against |66,475,Clearing-IIouse Returns
000 for the like period in 1884, and after deducting double
535 Ellison & Co.'s Annual Review
ThB Fiiiannlal Situation
536
of the Cotton Trade for the
these values from the total at that city, the exchanges due to
Till- I.atiu riiinii
538
Season 1881-5
541
VVhiit Accounts for the Heavy
Monetary and Commercial
other business are seen to be $453,843,347 and |344,360,695
Gains by Uuudsin the NorthEnglish News
547
respectively in the two years, or an excess of 81 '8 per cent.
west
539 Comiiieiolal and Miscellaneous
THE CHKONICLE,
Railroad Earnings In October,
and from Jan. 1 to Oct. 31.. 511
News
549
Week EfMnt yin\
THE BANKERS' GAZETTE.
Money Mi
rket, Foreign Exonaugo, 1 .3. Securities, State
I
Sid
Rat road Bonds and
•tiiks
550
Ran?e In Prices at the N. Y.
ttwkE: ohaa<e
551
Quotations ofStocks and Bonds 552
Report of National Banks
553
Railroad Earnings
o'ti
Quotations Boston, ifec
555
Investment and Railroad In-
Commercial Epitome
558
559
Cotton
New York
TIMES.
I
Breadstuffs
5(il
I
Dry Goods
565
|775,4lB,8i:
[
Entered at the Post
Ofllce,
(485,300)
(29,142,000)
(.PttroUum..t>bU.)
(88,«20,O0O/
(23,892,000)
(32,328,000) (+175-1)
191,173,896
5.582j300
168,639,016
3,823,300
Hartford
Portland
Worcester
For One Year (luoluding postage)
$10
FiirSU Month.s
do
6
'.'..'.'.'..'.'...
EuropiMu Subscription (inelurling postage)
11
Anuual subscription in London (iuoiudtnu postage) .... £2
Six Kos.
do
do
do
*1
These prices Include the Imvestors' Supplkmest, issued once
months, and furnished without extra charge to subscribers
CUltONRLE.
Philadelphia
Pittsburg
Baltimore
20
10
28
(289,200)
(2,a37,669) ;4-i68-i;
(-t-fl7-8)
(598,700)
(4-26-6)
(4- 22-0)
(37,306,000)
(4- 88-7)
(84,562,000)
(4-1-8)
4-32-8
$76,974,841
4so-l^
-i-460
5,679,400
4-24-0
1,649,187
1,363,180
1,534,252
4-30-7
1,154,401
1,035,868
-fll-4
1,037315
836,733
980,881
416,462
715,655
-1-16-9
-HO-4
794,961
713.723
-H-4
-1-8
8S.S,485
461,916
-33
101,823,960
$76,928,300
(-32-4
S7.043.83l
56,589.705
-1-28-6
47,353.039
-f«-3
7,407,417
-l«-5-
12,080,015
44,011,067
6,712,590
13,725,256
-7-6
10,337,786
-10-7
»78,6U9,d60
i;i.452,813
-H8»
65,098,241
4-8-7
158,873,471
9,503.100
5,113.384
4,034,648
1,533,344
142,701,788
8,905,703
4.044,787
2,604,621
1,343,308
2,211.R90
-f37-9
45,771,211
4-9-6-
+6-7
434-6
4-549
4-156
8,212,250
4-1-9^
4,105,872
4-10-9
1,377.473
43-2
4-9-4
7,839,910
Total Middle....
78,
Chicago
Cincinnati
Milwaukee
4-9-8
-10-3
408,836'
8s.
In two
of the
4-51-6
4-210
Lowell
Total N. England
Terms of Subscription— Payable in Advance
695,214,387
(9S9.f95) (-(-179-5)
(2,682,241)
Springfleld
New York, N. Y., as second class mail matter.!
Oct. 81.
PerCMit
1885.
462S
bales.)
{Cotton
(Orain...bu»heU)
Providence...
in
1477,210,695
Week Ending
Per Cent.
lStocla....shart».)
Boston
The Commercial and Financial Chronicle is publwhed
New York every Saturday morning.
1881.
Sala of—
555
telligence
THE COMMERCIAL
188G.
4-18-9
Subscriinions will be continued until deflnltplv ordered stopped. The
unless made by Drafts
Detroit
Indianapolis
A neat
Cleveland
2,40,-J,581
2,142.699
413-9-
Colombus
1.379,895
833,107
1,175,115
819.000
—6-5
1.388,809
4-16-3
4-1-7
936,421
4-20-a
office of
2,987,581
2,261,404
4-32-1
87,003,111
68,400.799
4-81-1
69,882,186
4-8-*
115,237.781
620,028
4-31
$13,862,131
635,979
4-0-8
—On page
115.712,638
711,821
10,807.650
5,393,050
6,323,61
2,043,292
1,709,000
publi.'dicTs cannot be responsible for remittance's
or Post Olllce Money Ordors.
Hlc cover is furnished at 50 cents; postage
Volumes bound for subscribers at $1 00.
cents.
Offices In
on the same
is
18
Peoria
England.
theCOMMKRciAi. and Fi.nascial Chrosicle in London Omaha,...
U with Mi'.ssrs. Edwakds & Smith. 1 Drapers' Gardens,
E. C, where subTotal Western..
scriptions and advertlstjments will bfi taken at the regular rates, and
Slagle copiis of the piper supplicil at Is. fach.
St. Louis
The olllce of the Ciikoniclb in Liverpool is at B 15, Exchange Buildings St. Joseph
WILLIAM B dava ? ^VIIitlAM B. D.lN.l Sc Co., PublUhera,' New Orleans
Street,
VORK. Louisville
J^so FLOYD Ji 79 & 81 WUllaiu
Post Officc Bo.x 958.
Kansas
The
NEW
City
found the detailed returns, by States,
of the National Banks, under the Comptroller's call of Oct, 1
kindly furnished us by Mr. Cannon. Previous returns wer^
published— those for July 1, 1885, in the Chronicle of Angus
22, page 314, those for May 6, 1885, in the issue of June 30, on
page "39.
5.53
will be
Memphis
Galveston*
Total Southern..
San Francisco
ToUlall
Outside
*
New York
Not included
4-14-8
-2-8
The main feature of the present statement of exchanges is
the largo gains made at almost all points compared with the
week ended October
4-36-3
10,760,103
3,863,906
+ir»
3,787,915
+40-5
4,771,467
+32-4
1,936,065
4-5-5
1.582.422
4-14-ft
2.201,000
36,661,824
4-9-1
$35,276,008
tll.480.141
10,215,388
4-12-4
$11,518,516
1,092,385,647
731,860,713
4-49-3
90 1.087,168
316,968,9301
254,85tf,018
4-24-5
$»!8,812,7»1'
1885.
Boston records an increase of nearly fourteen
New York
largely the result of in-
$644,836,.'I21
Salet of stock (tkt.)
Philadelphia and Chicago also ex- Boston
heavy gains. We include Omaha and Galveston in our Philadelphia,,
Baltimore
table tills week.
(Alcago
In comparison with 1884 the exhibit is the most favorable St. Louis
we have yet published. The aggregate for the week shows an New Orleans...
.
increase of 49-3 per cent, over the corresponding week of last
year, and outside of the City of New York the excess reaches
per cent.
There are only four
cities wliich exhibit
from a year ago, and in no case
is
43B-0
4-14-4
In total.
creased stock operations.
crease
-IS-ft
1
continuation of the improvement in exchanges, shown by
the week's figures above, is indicated by the returns for the five
days as received by telegraph this evening. The gain in comparison with the five days of 1884 reaches 37 '4 per cent in the
hibit
24'.5
4-16-6
»30.«92,0a8
31, and this in spite of the annual elecwhole country, and 33-3 per cent outside of
In fact at New York, where election day witnesses an
almost total suspension of business (all the exchanges and
Five Dayt Endint N^v. 13.
banks closing), there is an excess over the previous six days of
dollars,
+8-8-
11,122,593
3,057,142
tion.
and a quarter millions of
4-9-6-
A
CLEARING HOUSE RETURNS.
$80,303,330.
2,919,^1
any de-
the decline material,
Total
Balance, Country*
Total
Ontslde
'
all
New York
(2,808.967)
1881.
$446,930,399
Per
New
Cent.
444-3
(1,320,226) (4-112-8)
435-7
4-800
-0-4
72,115,457
41,109,914
53,145,321
81,873,786
10,141,814
45,055,000
18,870,800
8,175,612
10,182,772
37,318,606
18,988,980
9,485,273
$835,154,448
69,181,745
$601,865,122
40,198,046
4-38-9
8114.286.103
651,058,768!
»24ll.:t««.H72i
j.-201.1-^8.!tai>
4-20-7
4-B-7
—18-8
5
York.
D'l/<
End'g
1885,
$640,606,887
Ifov. 6.
Percent
4-68-8
(2,025,581) (4-188H))
4-30-1
77,608,201
48,544,668
10,780,880
48,803,000
18,181,858
9,494,489
4-28-6
-9-4
4-34-6
4-8-4
4-1-1
4-81-6
4-a0'8
$848,668,666
80,793,641
4-87-4
$699,468,809
+*T7
4-2a-2
l*ur5SMa2
XT?F5
JEstlmated on the basis of the hist weekly retaroa.
!*«
THE CHRONICLE.
536
[Vol. X>LI.
There has been no material change
One
past week.
London
speculative sales by
money during
in
the
prominence the
feature, of considerable
previous seven days, has however been absent;
we
refer
sharp but temporary advance in the rates
for bankers' balances, which was an inciaent of almost
every day last week, and on one day, under manipulationi
even touched 1 per cent. Nothing of that kind is to be
to the special
London having encouraged
feeling in
that market, the
THE FINANCIAL SITUATION.
operators, they miscalculating
had been absorbed by
and hence were compelled to resort
to the New York market to make good their sales.
Until Wednesday the foreign exchange market was
Then it became a little weaker
firm at unchanged rates.
in tone, but bankers were indisposed to reduce the rates,
the extent to which leading stocks
European
investors,
preferring to await the action of the
Bank
England.
of
noted this week, but on the contrary, considerable regularity On Thursday, following the announcement of the change in
has prevailed, the average of such loans being about 2f per the Bank minimum, the sight rate was advanced half a
Reports from interior Western cities show a contin- cent, but in the afternoon the pressure of bilU drawn
cent.
ued light demand for currency, and consequently the check against securities became so great that both rates were
that direction
in the outward flow in
however, the movement
South,
the
evident; to
still
is
as
is,
heretofore, a
and yet, taken together, the demand from
not absorbing any considerable amount of
funds, so that the feeling at the moment is one of greater
confidence, there being much less apprehension of a
little
more
free;
the interior
is
money market.
stringent
This change of tone
is
largely encouraged
reduced half a
cent,
and yesterday even
at the decline the
market was barely steady with long sterling heaviest. The
supply of commercial bills has improved a little, but the
current demand has increased and is apparently urgent
enough to absorb the offerings so that if it were not for
the drafts against securities the tone of the market at
;
It is of course impossible to say
present would be strong.
by the altered how long or to what extent European investors will buy
condition of the Government finances, so plainly indicated
As the reserves the banks are
in our last week's review.
our railroad securities, but it is likely that the speculative
as
the Bank of
demand will not be prolonged,
now in good part going into the Treasury, and
not being absorbed by commerce, the ability of the Government to sustain itself and to resume bond calls and so
England
dency
losing are
would
Our
reserve.
probably
may
we
exports,
any
check
condition
present
the
in
such
of
ten-
gold
its
anticipate,
be
will
return to the market the funds that are being locked up larger hereafter, as cotton has begun to move more freely
On the latter point it and it makes exchange fast; if it were not therefore for
is a matter of chief importance.
should be said, however, there is no reason for believing the uncertainty with reference to the silver question we
that the Secretary of the Treasury will run any risk of
future weakness
by hasty
action.
It
has only been
should certainly be importing gold
amount
soon.
through most conservative management that his present
issued
position of independence has been reached, and the pub-
for October.
lic
may be
assured that the sense of security
all
busi-
At
ness has thereby gained will not be put in doubt.
balance
Treasury
true
that
the
certainly
is
same
time
it
the
The Bureau
figures
its
to
of Statistics
a
considerable
has this week
of exports of breadstuffs,
These are interesting
cotton, &c.,
and
in this connection,
we have brought them
together in our usual form, giving
the returns for three
years for comparison.
It will
they show a somewhat
seen, as noted above, that
be
better
and, furthermore, one does not need to export movement and encourage the belief that the volgetting large
be told that the Secretary is anxious to resume bond re- ume of our exports will hereafter compare more favordemptions and will do it Just as soon as he is fully satisfied ably with former years.
that he has permanently regained control of the flow of
EXPORTS OF BRKi.D8TUFF8, COTTOS AND PETROLEUM.
One thing we can say on the best authority, and
gold.
1884.
1883.
1885.
ExporU
that is, if there should be any stringency in money, a conis
;
from V. S.
tingency always possible at this period of the year, or if
any other emergency should arise affecting the money
market unfavorably, an immediate
call
of
bonds would
ensue.
England has at length raised its minimum
rate of discount, it having been advanced on Thursday to
3 per cent from 2 per cent, at which it has stood since
May 27th. This was fully expected furthermore, the
open market in London had been prepared for it by the
The Bank
of
;
operations of the Bank, as
we explained
discount rate for 60 day to 3 months
week, the
having been
last
bills
E^en before
movement in the
maintained for several days at 2 per cent.
the advance in the Bank minimum this
open market seems to have checked for the time being the
outflow of bullion. But possibly there were indications of a
revival in the demand which led to the official advance.
It may have been the large purchases of American
securities on foreign account which are now taking place
October.
.
4 Montla.
October.
4 STontha.
October.
iHlotUIU.
Quantities.
3,878,618
806,714
14,250,656
7,374,966
36,225,427
6,587,728
Flour... bbls.
2,576,650
881,091
3,012,293
771,286
28.158,632
2,645,940
MTheat.busU.
Corn. .bush.
7,508,829
25,845,608
11,339,875
49,915,745
10,058,515
40,065,362
4,413,954
15,362,688
1,189,647
6,785,725
4,845,370
20,165,317
Total bush..
11,922,783
41,198,298
12,509,522
88,701,470
14,903,886
60,230,879
Vcdues.
flour
t
7,368,614
25,452,684
$
10,285,867
& meal.
2,339,129
8,531,577
735,882
700
88,307
Oats & meal.
Barley
496,311
20,633
1,6)0,138
884,796
808,288
68,293
BreadstuflB..
10,225,347
Cotton
30,389,184
Wheat.bush.
»
Wh't 4
Corn
Rye
873,722
270,668
108,889
25,398
342,930
07,811
35.724,918
11,772.306| 54.281.662
14,710,975
43.252.041
28,223,292
25,017,194
60,163,188
40.120.417
4,-233,210
17,415,229
43.991.379 117,700,844
62,214
4,476,051
19.115.808
45,070,585
98,092,567
45,125,914 117,763.534
we have
45,820,559
12,343,837
1,148,472
Through the kindness
rency
*
t
11,319,418
2,960,900
328,370
44,714,630
5,130,148, 18,754,232
Petrol'm, &c.
Total
47,619.358
4,384,542
of
received this
the
1.560,031
Comptroller of the Cur-
week our usual compilation
of
by
and
the returns of the national banks of the whole country,
under the last call, Oct.
on a subsequent page.
in
full
statement
the
give
States and reserve
cities,
long in
1,
These
being perfected (on
it.
At all events it is not likely that the
open market rate could for some time closely account of the extent of the country, the details they cover
apj^roach the minimum (yesterday it was 2^ per cent), and the delays incident to such a work) that they lose their
unless artificial means to affect it are again being used, for interest in good part before they can be made public. We
figures are
that induced
necessarily
so
London
business
little
still
continues extremely
dull
there,
with very
evidence of any revival either in legitimate trade or
in speculation except in
notice,
however, that the loans and discounts of
national banks on Oot.
all
American securities. The report is $1,257,655,547 the first
demand during the past few 48^ millions. As there was during October a gain
that the cause of the special
days for our stocks has been the oversold
condition of
loans of the
New York
the
reached $1,306,143,990, against
of July, or an increase of about
1
city
in the
banks of about 14 million dol-
,1
^
NOTKMBBR
THE CHRONICLK
14, t885.J
637
The advance
estimate the increase
lare, or about 4 J per cent, if wo
elsewhere at the same rate it would bring the total loans
Nov. 1 (of course this does not include State banks) up
to about $1,300,000,000; that would be 28 millions larger
in rates this week was certain ly unlo oked for.
was widely proclaimed that with the m ceting of
the Presidents, last Friday, and the adoption of the new
compact, the final and best card had been played that the
But now we have the announce
than the highest figures ever before reached, about good news was all out.
on
west-bound
tariff
freight which & month
October,
and
mont
that
the
in
1880,
320 millions larger than
from
40
to
60
cents
October,
1879,
We
raised
per 100 lbs on first
ago
was
than
in
482 millions larger
November
18
to
be
further advanced
excessive
is
on
sign
of
class
freight,
a
as
not
this
mention
expansion
— for
it
it
—
to 75 cents, the highest figure that has prevailed in recent
items in the account
not, the other
is
—but
In fact,
years further that on the 23rd instant east-bound rates
and extent of the work now being done through are to be raised five cents per 100 lbs to 25 and 30 cents
One fact of importance for grain and provisions respectively, and that passenger
the National Banking system.
can be brought out by these returns, as the date for which rates are also to be restored to full former figures.
This of course has been the main stimulant to speculathey are made up is the first of the month, which corre
spends with the date of the monthly Treasury statements. tion this week, our stock market having continued on
The fact we refer to is the amount of gold now in sight its upward course and scoring further large and heavy
But there have been some other points opcompared with previous years. The comparison is a very advances.
same direction. Thus the East Tennessee
in
the
been
an
increase
erating
has
there
shows
that
satisfactory one, as it
Of and other roads in Georgia, which for some time have
during the year in this item of 51 million dollars.
fully justifying
growth
it
simply as an
indication of the
;
in
course that increase
been engaged
which has
this
is due to the prevailing dull trade,
an accumulation of all kinds of une mployed
currency at our trade centres. The statement is as follows
led to
:
week,
it
in
an active warfare at
is
announced,
Then the returns
truce.
Nov.
Ifov. 1,
In the Treasury
mm.
1,
1,
1888.
1882.
1881.
Sept. 30,
1884.
Oct. 1,
October
1885.
November
lefls
167,781,808 148,435,478 157,853,760 180,514,384 138,113.324
Oertlflcates
In NHtlonal Imnks, inclHdine certiacates... 107,222.160
In State banbp. Includ10.901,491
ing certiUeutea
97,570.057 117,185,000 163,477,120
94,127,.'i24!
18,255,300
17.892.500
22,400,000
20,260,000
204,90e,S6e 200,4'>5,297'27S,lT9,117-2«7,949,S84 3ia9BO,444
Total gold.
figures,
seems as
but
it is
low rates, have
up a temporary
of earnings are just
We
ing very encouraging.
patched
the returns for the
now
page
refer on another
first
prov-
to the
week
of
that afford particularly gratifying exhibits.
if
the different sections were vying
It
with one
The
another to see which could produce the best returns.
Northwestern section of course continues in the lead, and the
Chicago & Northwestern reports the large gain of $104,000,
and the St. Paul a gain of $53,000. Even roads that have
The industrial feature of this week has been the reported hitherto figured among those recording losses, are coming
complete settlement of the trunk line differences, the ad
to the front with gains, among which we may mention
vance in east and west-bound rates, and the restoration to
the St. Louis & San Francisco and the Norfolk & Western
the Baltimore & Ohio of the privilege of sharing in ihe
in widely separated districts.
This is the natural sequence of
business to New York.
Central Pacific statements of earnings and charges are
the original act which transferred West Shore to the New
rather late in coming to hand, owing to the difficulty of
York Central and South Pennsylvania to the Pennsylva. making up the figures under the new arrangement, which
-
The
nia.
course
of
involved,
they
the
not
purchases,
out at the
would
parties
ability
their
now been
those
we pointed
significance of
much they
reached.
never
to
Of
other
had
made
been
have
been
assured
separating the
accounts from
those of the
Southern Pacific Company system, so
the return for August has only just been issued; but these
statements furnish the only guide to the progress of the
lines in the
has
end
that
road and the value of the
And yet the change wrought through and useful for that reason.
simply marvelous. They have put a
secure
to
movements is
different face upon the whole
these
how
necessitates
transaction
the
and
time.
the
Central Pacific
stock,
and they are interesting
As we have
before pointed out,
a different property from
is
what
it
used
industrial outlook; not only
no longer getting the benefit of the profits from
the railroads directly affected have been benefited, but the
operating the Southern Pacific Eailroads of California,
Is
entire system, and with that every business interest.
Arizona, and New Mexico, and being dependent solely
there not a short but practical lesson here for those who
north of
1,650 miles
upon the outturn of the
In this case, to be
try to antagonize capital in any form?
on this 1,650 miles,
the result
is
It
Goshen.
sure, it was not hostile legislation that took away the profit,
that stockholders must look to, and not
therefore,
and thereby destroyed confidence and enterprise. But
that on the Southern Pacific Company system as a whole,
what the nature of the inhibition was does not signify; in
if they would see what account of itself the Central Pacific
its effects it was a kind of confiscation just the same, and
Consequently the following statement, made up
is giving.
held all industrial activity in abeyance, though another railThe comparison
in the proper way, is herewith annexed.
road, and not a railroad commissioner, induced the strain.
last year is on the basis of the same
to be,
of earnings with
It is the confidence that the public has felt that the con-
summation now arrived
would
mileage.
be reached that
EARNINGS OF CENTKAL PACIFIC SYSTEM (KMnRACING 1.650 MILES OP
accounts for the strength that the stock market has all
ROAD NORTH OF OOSHEN) FOR JULY, AUGUST, AND TIIE 8 MONTU8.
along manifested and for the extensive buying of leading
Jan. 1 U> Aug. 31.
Augxut.
at
finally
JuJi/.
The market has simply been discounting
properties.
events that have
pected.
The appreciation
this great
profit,
happened,
all
in
due order and
in values as
the
been
most
marked,
claimed in various quarters, that
and
a consequence of
the
it
may
actual
now
entertained,
much
1884.
t
t
1886
1884.
1886.
result
t
1,868.969
662.411
1,!»8.122
612,028
1,622,112
484,380
703,181
0,272,178 10.308,409
8,861,608 5,180,380
871,069
716,588
B46,094
918,931
6,410,670
Df<iw.t-
in
come up to
and yet the action of
further than most thought possible.
878,588
110,751
830.167
173.113
41.700
110.761
860,107
178,881
41.700
Total
_076,W1
875.999
^19,816
Surplus
196,S3f
170,086
lt03M
Rentals
Bond
&skg.fd
Taxes &oth.exp..
U.S. Govemm't...
Int.,
1884.
1.855,388
as
the managers in their effort to secure the favorable result
desired has gone
Gross earnings....
Oper. expenses...
Net earnings
be,
the shape of earnings and dividends will not
the anticipations
1885.
as ex-
combination of the railroads for peace and for
has
Central Pacific.
8,801,884
1.208,494
8SS.400
5.182,080
THE CHEONICLE.
538
It will
be noted that these 1,650 miles earned
August a surplus
surplus of $195,338, and in
in each case above
proportionate charges for the month.
all
The Assay
July a
in
of $170,095,
of the period
we
see that
new method
Ooruigting
6.
7.
9.
'
whole
since the first
this basis the
surplus for the eight months
" 12
Tha Southern
minimum
$100,000 per
rental
of
would
months
reach
which
$800,000,
for
the
so
10.
11.
Total.
Pacific guarantees a
month,
U.S.
Nola.
Oold
"
"
on
eight
Dulia.
Date.
of January, and from them
would be §190,854.
the
for the
$108,321 through the Sub-Treasury
and the Assistant
Treasurer received the following from the Custom House.
April that the Central Pacific has been operated in the Nov.
••
new way, but for the sake of convenience the figures h ave
to the
Office paid
for domestic bullion during the week,
July and August, however, are among the very best
months of the year, and in the earlier months the result
was decidedly less favorable. It is only since the first of
been prepared according
[Vol. XLI.
$313,093 44
227,617 13
300,140 36
35J,500,12
288,530 30
229,349 81
$3,500
3,000
1,500
3,000
3,500
7,500
$1,743,231 19
$22,000
of—
9old
aUver OtrUflcata.
Oertiflc'$
$94,000
88,000
81,000
139,000
59,000
75,000
$203,000
110,000
185,000
231,000
177,000
87,000
$15,000
27,000
32,000
79.000
49,000
58,000
$534,000
$993,000
$290,000
,
Included in the above payments were $8,000 in silver
standard dollars.
coin, chiefly
surplus has fallen $600,000 short of meeting that rental.
of the deficit the remaining four months may
THE LATIN UNION.
If,
however, the Central
be expected to make good.
How
peculiar
it is that just at a time when the Latin
Pacific, on the one hand, thus derives a benefit from the
rental guaranteed it, on the other hand it would seem fair nations are laboring to get out of a fix they find their
to assume that its earnings have been diminished as a currency in, through silver coinage during past years
result of the Southern Pacific Company's carrjring an which they have been wise enough now to suspend, w©
increasing proportion of the trans-continental business. are exerting ourselves to the utmost to bring our currency
On traffic carried over the Union and Central Pacific, into the same fix, utterly heedless of their experience and
Some part
the latter of course gets a haul
San
to
Francisco,
whereas on
way from Ogden
the
all
traffic
carried
southern route the haul to the Central Pacific
the distance from Goshen to San Francisco.
over the
is
only for
As
confirm-
ing the probability of loss of earnings from that circumstance we find that while the figures above for August
struggles.
All summer long that organization has been
meeting, discussing, negotiating, and thereby advertising
its nervousness, claiming to be sure that its purpose was to
continue the union, as
if
such continuation were the
issue or point of difference
between the parties
vital
or
any great importance except as a device for
show a decrease on the Central Pacific of $263,990, our deferring the day of liquidation. At length, however,
statement for the Southern Pacific Company published the cable has announced that the convention has been
two weeks ago, and which embraces this result on the renewed for five years between France, Italy, Greece and
Switzerland, an announcement the significance of which
Central Pacific, showed a loss of only $186,175.
The following exhibits the receipts and shipments of gold lies wholly in the absence of Belgium's signature rather
than in the presence of the others. This is nowhere
and currency by the New York banks during the week.
was
to
it,
really of
better understood than
.Week endinj Nnv.
Received by
Shipped by
N. T. Banks. N. T. Banks.
13, 1886.
Currency
Ooia
Total gold and leeal tenders
Net Interior
Movement,
$713,000
$683,000
Gain..
$31,000
$713,000
$082,000
Gain..
$31,000
in France, and so the dispatch
dated at Paris adds that the door has been left
ajar for Belgium to come in later
if she will.
There seems in this country, however, an inclination in
which
is
—
some quarters to make much of this new convention, as if
The above shows the actual changes in the bank holdthe action taken would promote the interests of silver curings of gold and currency caused by this movement to and
rency.
In fact, it is soight to cover up the seriousness of
from the interior. In addition to that movement the banks
Belgium's withdrawal, even using that circumstance as a.
have lost $900,000 through the operations of the Subkind of bait to encourage undue confidence among our
Treasury.
Adding that item to the above, we have the
"
"
hope being expressed that the drift of events
coming year, "overcome Belgium's present
"objections;" as if all we had to do was to pursue our
present policy and wait, Micawber-like, for something to
turn up, which will save us in spite of our folly.
people, the
which should indicate the total loss to the Xew
York Clearing House banks of gold and currency for
the week covered by the bank statement to be issued to-day.
following,
Wetk endtnt Nov.
IS, 1885.
Vet Change in
Into Banks. Out of Banks.
will,during the
Bank Holdinos.
Banks' Interior Movement, as above
Sub-Treasury operations
$713,000
4,800,000
$883,000
5,700,000
Gain.
Loss.
$31,000
900,000
Total Kold and legal tenders....
$5,513,000
$6,382,000
Loss.
$869,000
The Bank
of
England reports
a gain of
£76,416 bul
lion for the week.
This represents £176,416 received
from the interior and £100,000 net sent abroad. The Bank
of France shows an increase of 280,000 francs gold and
a decrease of 2,793,000 francs silver, and the Bank of
Germany since the last return gained 1,340,000 marks.
The following indicates the amount of bullion in the principal
European banks
this
week and
at the
corresponding
date last year.
Xov. 12, 1885.
Bank of England
Bank of France
Bank of Qermany
-Voi!.
13, 1884.
Sold.
mivtsr.
Sou,.
BUwr.
s.
S.
S,
s.
20,713,913
19,319,209
46,089,715 43,729,053 41,6.59,239 41,131,522
7,441,750 22,325,250 6,886,000 20,658,000
Total this week
74,245,378 66,054,303 67,864,448 61,789,522
Total previous week .... 74,140.91.3 rtR.0t7.524 68.217.707
It becomes, therefore, of chief
attempt to prolong the
moment to determine what
the Latin Union really
means and what is the present status of that body. Everyone probably knows that the original agreement was
simply a contract between the four States (Greece
having joined subsequently under a clause of the
Treaty which permitted such additions) for unlimited
coinage of both gold and silver, and unlimited legal tender
of the same in the contracting States
that under this
arrangement a large amount of silver 5 -franc pieces were
minted by France, Belgium and Italy, and very little by
Greece and Switzerland. The latter two States, of course,
count one each in the announcement of the new conven this
life of
;
but further than for the appearance of the thing,
or withdrawal would be of very little
consequence. Greece is, in truth, a paper currency country,
with gold at a considerable premium, and no more likely
tion,
their adhesion
to
make
silver
and gold interchangeable within
five years than it is to become
during the next
power
in Europe.
The
its
borders
a first-class
relative importance in this arrange-
1
NOVKMBEH
THE CHRONICLE.
14, 1886.J
miy
539
be gathered from the
to depreciate, to abandon the double standard.
This very
and the estimated question was openly discussed in their previous conferencea^
present circulation of the same in each .State, which we have and the representative of Belgium and the representative
No
compiled from returns obtained by M. Ottoman llaupt. of Switzerland strongly and forcibly advocated it.
positive action was taken, nor was any definite plan
CtreuUttinn.
B-franc Coimvt.
Staten,
adopted with reference to a final winding up of the busi100.000
ment
of the contracting States
total coinage of
silver 5-franc
Pi-ior (0
Dmilled.]
pieces
Per
IMoL
sintt isee.
4.488.1
BW.8
8.061 .S
148,8
soe.B
184,«
8S0.1
600.7
843,7
8S-B
8-8
8-8
08
Italy
Total frann..
4.767.4
As shedding
statistical
light
ffnt.
8.400.0
86-6
800.0
170.0
40.0
7-7
8.0
10.8
18.4
18.4
0-8
18,0
1,884,8
6.188,8
1000
,S,»«B,0
Switierland
on
this
Per
1884.
ant
isen.
of
5'franc
that the involvement should
pieces,
become
no greater: for the rest, a temporizing policy has been
4-3
10 accepted under the guidance of France, in the hope that
04
the " drift of events"' would in time open a way out.
lOO'O
But with the recent further decline in silver the crisis besame point one other recent comes more imminent, and the question of liquidation im-
compilation will be of interest.
We
refer to
the results of the inquiry set inWmotion by the French
of Finance in the early part of this year to
Department
ness of the i^artnership, except the stoppage of the coinage
How
perative.
are
these "metallic
assignats," as Cer-
nuschi aptly dubs them, to be got rid of
been issued by the parties to the
They have
?
agreement
in
the
determine the composition of the monetary circulation in amounts set out in the foregoing statement of coinage,
This was undertaken for the purposes of this and they are held in part at home but in part also by the
France.
conference the sessions of which were then other States, chiefly by France. The natural solution
monetary
very
in prospect, similar returns having been
The mode
and 1878.
of procedure
procured in 18G8
was
KeceiversGeneral of the Treasury, the
to
require the
district
and
local
collectors of taxes, the accountants of the different finan-
and the Department of Posts and Telegraph
cial services,
1st, to
take from their
on the 28th
of
May
after the close of their offices
tills
last
all
the silver pieces of
the
gold pieces of 20f. and
and
5f.,
all
Bank
the
of France
would of course be that each State should bear the loss
of redeeming its own issues.
The original agreement,
however, has no liquidation clause in it, as the idea of
depreciation was not contemplated; bat as Belgium
refused not only to take its coinage back or even to temporize with regard to the matter longer, a continuance of
even the semblance of a union was
patched up
The
impossible.
something
notes; and 2d, to make a census of those different curren- mainly for home consumption, for if the whole arrangecies, classifying the gold and silver pieces according to ment had fallen through, the shock might have brought
Our interest at present is only great discredit upon the silver currency of France.
their nationality and date.
with the silver Sfranc pieces, and we give the comparative
The position Belgium has taken, though at first thought
lOf., all
statement for two periods, prepared from figures published
in a recent
number
of the
London Economist.
1885.
Ktttds of Sihtr.
Value.
I
Frttncs.
Vaitu.
Francs.
Per Cent
of the Wh<:k.
9o9,5n0
933,023
15-81
18-49
0-67
19.010
0-31
802.885
655,568
3S.S10
18.030
15-29
0-31
80,460
0-32
1.509,000
8,738.795
28-76
71-24
1,912,085
4,125.945
3201
Italian..
BelKiaa*
Greek...
Swigs
Total ForolKn..
Total French..
Per Cent
of theMliote.
15-37
affair that
has been cabled over
is
untenable, has really at least a show of reason in support
of
it.
to
have
to
1.
Fr'ie
it
mintage gave any holder of
silver the right
coined at the Belgium mint at the ratio of 15^
The claim
now, therefore, that
is
many
did have
it
so coined for countries other than Belgium, because there
was a
profit
in
years gives an
it,
and the very large coinage of the
air
of plausibility to this claim.
later
Conse-
quently Belgium's stamp upon the coin was purely formal
and implied no promise. That nation simply ' opened a
" shop where everyone could have gold and silver turned
Total all
' This loss in the proportion of Belgian silver in circulation since 1878
"into money;'' and it is urged that it would be a novel doc19 very likely due to its retention in tbe Bauli of France, the bank paying
trine in monetary science if that act should be construed
out in preference the French silver for circulation. It is stated that the
Bank of France now holds several hundred million of francs of Belgian as making the nation responsible for the variations in the
and Italian silver.
But the United States is
values of the precious metals.
These two tables show very clearly the relative stand- not interested in the determination of that question. Bel67-99
6,068.030
5.247.885
ing and importance of the five States in this arrangement. Greek silver, according to the latter, constituted in
1878 less than a third, and in 1885 about two-thirds of one
gium has refused
to
redeem
its
coinage.
How
it
proposes
from being slipped into the
country we do not understand. Undoubtedly it has some
per cent of the metallic currency of France, while Swit- plan of action; perhaps early re-coinage, and limited legal
zerland silver was in 1878 about one-half, and in 1885 about tender thereafter.
Whatever process it adopts the result
Or, turning to the
one-third of one per cent of the same.
must be that Belgium will secure a gold standard, a point
coinage and circulation figures, the disproportion is still it has all along been aiming for.
more marked, Greece having coined only three-tenths of
1
per cent of the entire coinage, with a
in 1884 of 4tenths of
1
home
circulation
per cent of the entire circulation
and Switzerland having coined only two-tenths of
1
per
to prevent the foreign holdings
WHAT ACCOUNTS FOR THE HEAVY GAINS
BY ROADS IN THE NORTHWEST.
The heavy and sudden increase of earnings by the Milwaukee & St. Paul, the Chicago & Northwestern, and some
land to this new compact is of no importance whatever, other roads in the same section of the country, has led to no
and the very prominence that has been given to that little discussion as to what the increase is attributable. Is
feature only stamps the whole proceeding the more clearly it the result of a mere transient influence, or does it mark
cent with a
total.
home
circulation in 1884 of but 1 percent of the
In a word, the adhesion of Greece and Switzer-
"What,
then,
is
the
origin,
In the case of St. Paul particuthe inquiry urgent, for on the Northwest the gain
a change of conditions?
as a farce enacted for an ulterior purpose.
purport and extent of th?
present disagreement and the meaning of this
new
con-
vention ? To understand the situation in these particulars
we must first of all remember however much we may
larly is
is less
important, amounting to $209,757, and comes after
§270,148 in 1884, allowing at least the
of this
is merely a recovery
wish to deceive ourselves to the contrary that the pur- loss; on the other hand the increase on the St. Paul is
pose of the Latin nations has been, ever since silver began over $352,000, and comes not after a decrease in 1884
—
—
the
loss
of
inference that the gain
THE CHRONICLE.
540
[Vol. XLI.
and winter wheat combined, and Milwaukee
bushels more, or only a little over i^ millions
together.
In the weekly tables of the Produce Exchange
well.
from
which
these latter figures are taken, Minneapolis is
rely
The superficial indications on which we arg apt to
at
not
included,
the theory being doubtless that in the end
cereals
of
the
receipts
namely, the
for an explanation
Minneapolis must also reach one of the
the
what
reaches
in
Milwaukee
Duluth,
Chicago
and
Lake
ports,
the
Lake ports, since Minneapolis cannot hold the wheat per
present instance merely serve further to confuse the mat
ter.
We give our usual grain table in our article on earn, manently. This theory as to the ultimate disbut
after
making
a small increase
in
that year ($8,668), thus
gain not only heavy but
the
continuous
—
as
(
of spring
1,051,022
—
ings on another page, and from this
appears that against
it
position
obvious
for
is
wheat" receipts of 5,048,803 bushels at Chicago in five weeks
rect, and, besides, as
were only 2,542,986 bushels,
with the receipts at Milwaukee 1,051,022 bushels, against
seen, to
in 1884, the receipts this year
movement
it is
reasons
only
partially
cor-
indicating the extent of the current
most assuredly misleading, as we have
exclude that point altogether and treat
as
it
if
it
Of course there are many had no existence. The same may also be said with referIn the New York
and
the decrease in the grain ence to making up the visible supply.
Chicago,
roads carrying to
statement
no
account
is
taken
of
the
stock
at Minneapolis,
falling
represent
simply
the
point
may
that
at
movement
off in the volume of winter wheat, by which the North. though according to the Chicago statement there were
western lines are unaffected, since they drain merely the held there on October 31 4,627,700 bushels of the cereal
Seeking, therefore, to separate the (against only 2,634,000 in 1884), and 758,000 bushels more
spring wheat section.
two
1884.
bushels in
1,599,745
varieties,
we
that during
find
the
month
of October
the inspection of wheat at Chicago embraced 417 cars of
the winter
variety this
1,584 cars in 1884
year, against
while the inspection of spring wheat covered 4,642 cars
It is obvious
against 8,113 cars.
off in
the
movement
at
spring wheat and not in
from
that point
this that the falling
has been chiefly in
winter wheat, as one might sup
were held
at St. Paul, or together 5,385,000 bushels.
altogether too
is
large
This
an item to leave out of
the
accounts.
With
reference to the gain in the receipts
at' Minnea2^ million bushels during the month, the question,
naturally arises, whether this is merely exceptional, or
indicates a much larger crop than a year ago. On this latter
polis of
The same story is told by the movement at Duluth point, we have made up from the figures of the Agricultural
where no winter wheat is received, for there the receipts Bureau the following indication of the yield this and last
declined from 3,794,938 bushels in 1884 to 2,964,121 year in the five principal spring wheat States of the Northbushels in the present year.
west and the country.
The result of our investigation thus far therefore is, that
apparently there has been a heavy decline in the movement
Spring Wheat Production.
Area in
Yield (II
Area in
Yield in
of wheat over the Northwestern lines, while at the same
Acres.
Bushels.
Acres.
liusheU.
pose.
time the earnings of those roads have very materially
in-
Minnesota..
2,~a8,a78
31,352,197
2,753,816
4i.so;,ooo
But proceeding one step further, we see that it is
an error to rely exclusively upon the receipts at the Lake
Dakota
1,588,406
23,00z,88'
1,540,200
Nebraska...
1,911,276
28,890,»S7
l,9n0,2S0
lon'a
2,681,944
SO.Ot 0,173
2,B0S,771
1,368,785
18,217,141
22,330,000
28,325,000
31,270,000
2n,oa3,ooo
creased.
ports for a guide to the
The
traffic
movement over
these roads.
Wisconsin
.
Total.
large systems
many hundred
all
1.484.B10
10,iH4,577 143,310,000
stretch out in various directions for
miles,
through
Iowa,
Wisconsin,
and
Minnesota, to Dakota and Nebraska, and while the volume
of traffic at one
10,270,688 124,523,335
end may be
light, at the
other end
it
may
This shows that with the exception of Dakota, where
there
tricts
is
a slightly increased outturn, the yield in
given
is less
than a year ago, the falling
all
the dis-
off
being
most pronounced in Minnesota (reaching there nearly 10
directly to the main distributing market, are halted and million bushels), in Wisconsin and in Nebraska.
In these
kept at some interior point for the time being.
It is some- figures, therefore, there is no encouragement for a conthing of the latter kind that has happened in the present tinuously increased movement like that of October, and so
instance.
As is known, Minneapolis is getting to be one far as the gain in earnings in that month was the result of
be heavy, or perhaps the products, instead of being moved
of the chief markets of the country for wheat, and we such increased movement future gains would seem to be
have thought it desirable therefore to make up its figures problematical. Bat there may be modifying circumstances.
of the wheat movement during the month.
The result, In the first place, the crop may have been underestimated
we are sure, will be quite surprising to most of our read- and in the second place there may have been a considerers.
The
total
receipts for October foot
up no
less
than
6,881,500 bushels, against only 4,398,000 bushels in 1884^
and this gain of 2^ million bushels we may take as showing
one source of the increased earnings of the St. Paul and
the Northwest. It is pretty safe to assume, too, we should
say, that the gain
able surplus left over
standing that
from the previous
generally
crop, notwith-
supposed that
farmers
were not in condition to hold on to their product. The
extent to which this may be true, however, we are not in
it
is
position to estimate.
But manifestly the gain in the wheat movement at Min.
and came from points West, say largely from Dakota, and neapolis could not have been the only influence operating
some portion of it from points north, over the St. Paul & in favor of larger earnings. There must have been gain&j
Duluth, which latter road has a large increase in earnings
from other sources. One of these sources was a large
The Manitoba might also have contributed a portion of movement of corn. At Chicago, for instance, the receipts]
the gain, but its earnings show a falling off of $16,000, were over
900,000 bushels greater than in 1884, andij
which would rather seem to indicate that the enlarged though we can not indicate which roads benefitted most4^
movement did not come from the section of country thereby, we should judge that it was an influence of
drained by that road.
greater importance to the Northwest than to the St. Pavil,
A word as to the importance that Mmneapolis is assum- since the latter does not rank very high as a corn carrier,
ing as a great wheat depot.
The figures given show total being commonly denominated as a wheat carrier. But
receipts during the month of nearly 7 million bushels,
even corn and wheat together do not fully account for the
while from our table elsewhere it will be seen that during enlarged earnings reported.
We have sought a further
the five weeks ended October 31, Chicago, supposed explanation in the live stock and provisions traffic, and
hitherto to be the market, received only 2,542,986 bushels
find it in the following figures of the movement at.
was
in great part confined to these roads,
]
I
NOVEMBKR
we
which
Chicago
THE CHRONICLE!
14, 1886.]
prepared
liave
boaring
on
the
AT AND SllirMBHTR FROM CHICAGO DDRIMO OOTORBR.
HBCBim
20
cents
cents
on
1884.
1888.
I88B.
I8M.
1883.
088,101
4IM,0ei
bl»M».
W0,8e7
tSt.ftTS
bbli.l
y.W4
8,761
4.870.7TP
83.(188
2a,8M
III4,M7
49,118
Cutmeatx
Ibi. 11,08I,SS9
Lard
IIM.
a,(>S7,8<o| a,28!l.»Ki
S.AOtlj
e.lM.lilR
0!>.8fll>.«22 4H.0rW.fl72 53,4|.|,i)70
6.S0l,ii(t7 l».«6l,U(tr«l,184,S;0
H.805.877
The shipments here must be taken as referring more
the east-bound movement from Chicago
particularly to
trunk
the
lines),
but the gain in the receipts
is
Thus the number of live hogs
received during the month was 688,102 this year, against
only 499,051 last year, a gain of nearly 200,000, and there
was also a gain in the items of pork, cutmeats, and lard.
Of course, it will not do to assume that this gain occurred
wholly on Northwestern roads. It is more likely that
pronounced.
equally
the roads running further south, from Chicago to Missouri
River points, got a very large if not the greater part of
but in some degree the St. Paul and the Northwest,
both having lines to Omaha, must have shared in it and
it,
;
connection with
this in
the increase
in
the wheat and
corn movement, and also some increase in general freight
on account of the annually increasing population and new
lands cultivated in that section, together with the general
improvement
mercantile and industrial interests, seems
in
to be sufficient to explain the gains reported in the earnings
of those roads this year.
pounds
provisions,
and
the
first-class
freight,
FROM JANUARY
The statement
1
TO OCTOBER
earnings for the
of
month
of
AND
October
bears out fully the favorable anticipations that had been
raised with regard to it.
have an increase for the
We
month
of nearly three quarters of a million dollars,
unless
also,
it
atill
fall
there are
behind a year ago, and even as to these latter
many
that give a very
much
better
account of
basis
tariff,
to
this
can be shown that they were affected
all,
by some feature
A
other roads were peculiarly subject.
which the
to
saving contin-
kind can be found in the fact that
this
both the Washington
&
traffic
Baltimore and the Alton
&
on
Terre
Haute must have been greatly diminished by the failure
wheat crop along their lines. But while this fur-
of the
and the nishes a reason why the
array of roads which individually also exhibit an increase
is a very formidable one as corjpared with those which
a
higher
latter
1
loss
of earnings on these roads
can not be accepted as a criterion of the result on the
it by no means follows that the
heavy gains on the systems in question to which
larger systems mentioned,
rumors
of
the speculative
fraternity
is
being so liberally treated at
present, should be received in full faith.
themselves than heretofore.
Except for the loss by the Grand Trunk and the other
must be admitted that the greater part of the gain
is made by one section of the country
the lines referred to, and also a loss on the Chicago & Alton
Northwest but this merely indicates that that section and one or two other roads affected by special influences,
was specially favored in that regard, and in no wise the increase which our table shows would be nearly
As it is, it must be regarded
detracts from the modest and more moderate gains that double its actual amount.
as
being
large
magnitude.
Certainly ttie change
of
quite
many roads in other sections record. In the grain move
ment there were particular lines and districts that had a from previous months is most marked, and it is only in
larger volume of cereal traffic this year than last, but this way we can measure the improvement that has taken
taking the country as a whole there was no general place. To show the extent of this improvement we give
influence of this character operating in favor of all roads. below the aggregates from our monthly tables for each
On the contrary, not a few lines suffered materially from a month of the present year.
It
—
recorded
—
more particularly those in
Perioi.
where the crop this year failed so
disastrously.
In like manner it must be affirmed that the
JanunTT (70 roads)
cotton movement was not, except in a few limited districts, February (69 roads)
an influence in favor of larger earnings. Hence it seems nat- March (58 roads)....
April (61 roads)
ural to conclude that the better returns so generally made, May (58 roads)
.lone (49 roads)
are in some measure the result of the improved business July (fl6 roads)
outlook, and the consequent increased activity in many AuKU-st (50 roads)
contraction in this or that cereal,
the winter- wheat
belt,
.
. .
September (5fl ronds)
different industries.
not yet
made
This latter
sufficient
know
that
it
and that
already being
As
its influence, if
felt in
circumstance.
but
it is
fair to say has
satisfactory to
active factor in the situa-
only in. a moderate way,
the earnings of a good
—
many
lines.
is
October (88 roads).
Thus
to
is
BartUngs.
1884.
««<».
Mils.
51,485
50.840
49,379
49.154
43.624
44,149
45,3(12
45,513
44,317
41,240
47,097
42,118
44,584
46.6S8
4.3,537
40.813
47,296
40,884
4.').372
45,655
Inertate or
1881.
1885.
t
17,798,038
ie.016,193
17,290,374
%
t
16.97-2,869 Inc.
888,167
16,288,067 Dec.
16,587,835 Inc .
251,874
702,539
045,805
1.298,837
807.666
«5,7B8
862.054
82,913
701.605
17,466,848
18,412,743 Dec.
15,895,528
15,237,167
17,194,365 iJec.
17,793,61»
\l.>V>\)S-i\\ntc.
Dm.
18,044.7;!2
!6,465,830{ 17,327,884 .Dec.
«0.272,445i 20,355,358 Dec.
23.9SO,770| 23,279,075 Inc.
[
we must go
The progress mak-
get an equally favorable result
back either to
ing
.
Mam^e.
1885.
last
March or
to January.
revealed in the fact that the gain for September sue
ceeds six successive months of
the decrease was quite heavy too.
loss, in
It is
nearly all of which
enough of course to
at least as respects know that we are doing better than in previous months,
have been a distinctly favoring and better than a year ago, yet some will be disposed to ask
Both east-bound and west-bound rates whether the improvement follows a poor or a good result in
—should
k
it,
regards rates, that of course
the trunk lines
but
progress to warrant building any
boom" upon
has now become an
anticipations of a "
tion,
is
it
a
and
grain
would expect to be benefitted by the higher rates in question, are precisely the ones that have done poorly.
There
is the Grand Trunk of Canada, which reports a loss for the
four weeks ended October 31 of $158,320, or only $24,000
less than in the four weeks of September.
Of course it
can be claimed, and with reason, that the Grand Trunk is
not an Ameiican but a Canadian line; that as such it is sub.ject to certain special influence?, among them the competition of the Canadian Pacific, just completed through from
ocean to ocean. But admitting the force of this objection,
there are the Cincinnati Washington & Baltimore and the
Alton & Terre Haute main stem, both forming parts of
through lines to St. Louis, the latter in the Vanderbilt
system and the former in the Baltimore & Ohio system,
and which also report diminished earnings even after a
loss in the two previous years.
As compared with such important systems as the Michigan Central, the Lake Shore, and the New York Central,
from which statements can not be obtained, these are of
course minor pieces of road, and yet the loss on them
would naturally raise a presumption of loss on the larger
gency of
31.
an
on
all
only partly, or not at
OCTOBER,
the former to
100
maintained without
systems
RA1LB.0AD EARNINOS IN
month,
the
in
per
previous similar eilorts in that direction, was
break through the month.
It is a
striking fact, however, that such roads in our table as one
unlike
iwa.
early
of
of 60 cents on
NnJ
lilTshuitt
Pork
2.')
8Mpm<«t(.
RttHrnl.
(over
were advanced
basis
Eame.
541
THE CHRONICLE.
542
the same
we
month
To answer that inquiry
of previous years.
Earning.
Af«faj«.
Year
Year
Year
Year
Given..
Preceding.
Given.
Preceding.
MUe».
iltles.
83,615
38,893
29,513
34,103
42,724
46,908
44,076
Oct., 1880(56 roads)..
Oct., 1881 (48 roads)
Oct., 1882 (82 roads)..
.
47,702
60,179
45,931
46.898
Oct., 1883(69 roads)..
Oct., 1884 (67 roads)..
Oct., 1885 (62 roads)..
»
4.'j.«55
distinguished for
is
its
excellent exhibit,
we make some
remarks in another column, and need not repeat
It is to be noted, though, that
here what is said there.
there are some very good returns outside of that section.
Thus the Chicago & Eastern Illinois, and the Evansville
special
subjoin the October record since 18V9.
Ptriod.
[Vol. XLI.
Decreaee.
&
t
i
23,352,775
23,012.562
19,873.7981 Inc. 3,478,977
29,561.253
29,086,898
23,810,048
23.980.770'
25,538,623
2,264,573
4,022,630
2tl,363,5fl6 Inc. 2,723,332
24,767,796iDc<;. 1.457,748
701.693
23,279.075 Inc.
20,747,989 Inc
IM
.
.
gains this
Terre Haute, both have
The
tion to gains last year.
Illinois Division, recovers part of
year,
Central
Illinois
what
it lost
addi-
in
also,
on
its
The
Rio Grande
in 1884.
& Rio Grande, its connecting line the
Western, the Indiana Bloomington &Western, the Ohio
Denver
—
was a Southern, the St. Joseph & Western representing different
The Cincinnati
likewise all have done well.
sections
Indianapolis St. Louis & Chicago undoubtedly owes its
previous years back to 1879, while already we are at work decrease to the poor yield of wheat, though a year ago the
Of course the roads reporting good outturn then did not seem to operate particularly in
again recovering the loss.
are not the same each year, but they afford a sufficiently its favor. In some measure the heavy decrease on the Chifair index of the course of earnings nevertheless, and cago & Alton is to be ascribed to the same circumstance,
accordingly the gain of nearly 3^ millions in October, 1880, the diminished production of Kansas and Missouri reducing
of 21 millions in 1881, of 4 millions in 1882, and 2J mil- materially the amount of the cereal moving over its line
lions in 1883, all cumulative, make it evident that the set- The Wabash must likewise have suffered from the shortback which we experienced was very slight indeed. "We age in wheat, and in addition has suffered from the inevinow give our usual detailed table, showing the earnings table drawbacks accompanying a line financially embarand mileage, this and last year, of each individual road rassed and undergoing disintegration. It is a noteworthy
Here we
find that, as in preceding months, there
—
decrease last year, but that this decrease was really insignificant alongside of the heavy gains made in all of the
reporting.
Gross Saminas.
Name
of Road.
1885.
Bost. Hoo.9.Tun.& W..
Burl. Ced.Rap. <fe No..
Canadian Paciflo
Central Iowa
Cliicaeo* Alton
Chic. & Eastern tU....
Caic.Mllw.&St.Paul.
CliicaKo & Northwest.
CUic. 8t. P.Minn. &0.
•Ohio. & West Mich...
Cln. Ind. St. L. &Ch..
Cin, N.O. & Tex. Pac.
Alabama Gt. South.
N, O. & North East.
Vicksb. & Meridian
Vicksb. Sh. & Pao..
Cin. Wash. & Bait....
Cleve. Akron & Col. .
Denv.
&
Rio Grande.
Denv.& Rio Gr. West.
Des Moines
& Ft. D
.
Detroit Lans'g & No.
•East Tenn.Va. &Ga.
EvansT.&T. Haute.
Flint & Pere Marq...
Fla. R'y &Nav. Co...
Ft. Worth & Deny, C.
48,424
349,.'i03
882,000
147,815
745,535
174,215
2,892,000
2,793,600
695,900
78.297
219,316
257,163
104,273
77,415
47,997
58,499
152,041
45,200
639,049
125,616
42,025
128,746
264,126
70,920
178,73.i
1884.
45,186
281,414
735,531
154,381
889,037
156,577
2,539,796
2,523,843
642,400
79,217
241,145
242,380
109,734
80,041
55.3 i3
83
168,604
44,392
567,235
91,300
31,859
133,100
279,532
63,759
183,007
80,597
46,'-
81,217
43,497
39,867
iGrand Trunk of Can. 1,318,817 1.477.137
Gull Col. ife Santa Fe.
290,011
211,061
ni. Cent. (111. Dlr.)...
636,056
619,325
Do
(So. Div.)...
4i9,2lP
446,644
Do
(Iowa lines)
168,000
184,867
Ind. Bloom. A West..
227,110
224..!,0u
-Kan. C. Ft. 8. & Gulf
158,637
140,592
69,97i^
•Kan. C. 8p. & Mem..
83,174
Long Island
225,305
213,S8b
Liouigville & Nashv.
1,241,920 1,291,714
Mauliattan l^lovated.
615.516
593,482
Marq. Hough. & Ou
103,176
63,144
Mexican Central
247,000
304,009
Milw. L. Sh. & West..
158,026
103,337
Milwaukee & North,.
53,910
63,081
Mobile &Ohlo
225,243
212,459
N. Y. Out. & Wesfn..
168,796
185,043
Norfolk it Western...
262,394
263,298
Northern Pacific
1,521,881 1,461,511
Ohio Southern
52,130
46,313
Peoria Dec.&Evansv.
67,021
69,522
Rich. &. Danville
419,800
428,100
VirgiulaMidland...
150,022
167,595
West. No. Carolina.
45,841
41,350
Eochester & Pittsb.
116,471
114,494
St. Joseph & Gd. Isl..
124,368
100,592
St.L. A.&T.H.m.line.
122,065
137,258
Do do (branches)
81.350
75,509
Bt.Louis Ft.S.A Wich.
68,571
50,031
8t. Louis»feSan Fran.,
481,890
512,758
St. Paul AUuluth....
131.993
166,633
St. Paul Minn. & Man.
998,858 1,014,862
•Texas & St. Louis
117,357
102,303
Wab. St. Louis* Pao. 1,306,050 1,466,291
Wisconsin Central
143,618
138,503
.
.
.
. .
Total (C2 roads).. 23,980,770 23,279,07i
Oregon R'way &Nav.
654,7001
482,200
Grand total.
•
t
24,635,470.23.761.275
Mileage.
Increase or
1885.
Decrease.
+3.238
61
1884.
-(-68,089
990
-H46,469
-0,566
—143,502
3,064
61
824
2,794
490
849
490
849
+ 17,638
251
4,923
3,813
1,325
413
251
4,801
3,817
1,282
+352,204
+ 269,757
+53,440
—920
281
144
1,317
281
1,317
Ghicttno—
5 wks., Oct., 1885
5 wks., Oct., 1884
+ 11,611
368
143
261
+34,31.=.
+ 7,166
—4,354
-15,456
+7,161
—9,272
1,100
146
361
144
368
143
261
1,100
146
361
+ 3,630
+620
518
144
500
110
—158,320
+78,950
2,918
2,913
+ 13,196
+ 12,009
590
953
711
402
53389
2S2
354
536
953
573
402
532
389
282
S51
+ 22,034
2,025
32
2,065
32
160
135
1,236
1,236
413
—904
527
221
523
373
502
+ 60,370
2,691
+ 5,817
2,453
+ 15.360
128
254
774
353
274
294
252
195
138
214
815
225
128
254
774
353
274
294
252
195
138
185
801
225
—16,004
1,471
1,471
735
—160,244
735
2,461
+ 5,115
2,461
418
418
+ 16,731
—12,575
—16,867
+ 2,616
+ 18,045
— 16,794
+ 45,032
—57,009
+54,189
+359
+ 12.784
-16,247
—2,501
-8,300
— 17..573
+4,491
+ 1,977
+23,776
—15,193
+5,811
+ 18,540
—30,868
+ 15,054
cereals.
RECEIPTS OP FLOCR AND GRAIN FOR FIVE WEEKS ENDED OCIOBEB
31 AND SINCB JANUARY 1.
-5,461
-2,626
-7,336
+303
following are the figures for that as well as for the other
413
342
336
295
196
140
170
+ 14,783
+ 71,764
bushels for the five weeks this year, against 19,142,361
The significance
bushels in the same five weeks last year.
The
of such a general falling off is not to be overlooked.
342
336
295
190
140
170
—21,929
-16,563
grain movement shows diminduring
October at every port, both
wheat
ished receipts of
and those receiving the
spring
variety
the
receiving
those
winter variety, and to such an extent that the total receipts
at the eight points included foot up only 11,342,276
fact that our table of the
GROSS EASNIKOS AND MrLEAOE IS OCTOBER.
221
528
373
502
(ftbls.)
503.303
WTieat,
Com,
ibush.)
(bush.)
2,542,936
Oot»,
(bush.)
237,240
169,405
1,382,898
2,410,346
033.537
1,038,260
3,051,430
3,630,191
25,350
28.130
213,T57
276,348
2,005,045
479,735
814,500
829.833
20,.'58 1.725
6,368, 03»
5,957,089
683,518
797,806
1.72S.762
1,817,300
126,635
131,454
541,069
468,429
77,621
51,182
488,001
540,559
58,296
158.846
65,237
33,058
75,247
133,127
177,200
222,228
81,613
613,273
413,865
2,125
1.008,156
23.780
57.383
123.419
217,489
16,050
3,100
682,050 1,815.110
577,390 1.768,825
8,304,845 11,800,770
7,923,000 11,802,883
108,396
98,400
570,596
438,400
419.589
357,869
Since Jan. 1, 1885
SlQce Jan. 1,1884
1.723,743
2,«73,73D
1,051,022
1,699,745
8,031,097
7,686,904
117,163
163,212
883,639
1,191,149
1,787,850
9,179,088
11,951,652
14,600,410
22,255
16,172
117,875
74,146
1,641,857
4,166,947
7,168,443
13,933,426
251,434
111,706
2,811,345
6,213.993
85,738
16,905
110,334
103,240
1,980,650
2,28l,a32
7,136.903
6,950,613
63,022
48,328
1885
1884
1,734,669
1,398,260
186,853
144,656
958,194
Clet'eland—
5 wks., Oct., 1885
5 wks., Oct., 1884
Since Jan. 1, 1885
Since Jan. 1,1881
30,370
18.579
100,150
125,378
220,946
410,80«
24,100
39,175
119,490
169,600
1,4"8.371
1,901,231
580, »69
7711,580
010,388
26,080
4.833
123,565
44,747
51,950
52,090
3e3,"40
491,135
Louis-
_,„
294,360
563,311
1,185.061
2,839,639
5 wks.. Oct., 1884
St.
(bu.Ii.)
1,988,195
1,297.868
6.601 ,534
4,210,183
5,I)4H,803
14,540,994
17,545,766
5 wfco. Oct., 1884
Since Jan. 1, 1885
Since Jan. 1,1884
Rye,
(bush.)
8,332.417 4.601,672
5,118.440 5,085,412
64,703.012 32,322,281
50,939,856 34,301,859
501,2-12
4,082,477
2,429,665
Since Jan. 1,1885
Since Jan. 1, 1884
Milwauliee—
5 wks., Oct., 1885
Barley,
62,850
51,310
408,585
666,790
879,841
Toledo—
5 wks., Oct., 1886
5 wks., Oct.. 1884
Since Jan. 1, 1885
SlnOB Jan. 1,1881
Detroit—
5 wks., Oct.. 1885
5 wks., Oct., 1884
Since Jan.
Since Jan.
1,
1,
0.=^9,318
15,211
867
500
500
Peoria—
5 wks., Oct., I&S5
5 wks.. Oct.. l.^M
Since Jan. 1,1885
Since Jan. 1, 1884
73,675
61,110
,370,515
636,805
Dilluth—
5 wk«., Oct., 1885
5 wks., Oct., 1884
Since Jan. 1, 1885
Since Jan. 1, 1834
23,000
2,964,121
Total 0] all—
5 wks., Oct.. 1885
197,910
3,7»4,fcS3
9,6,84,824
89,244
614,760
7,782,655
858
,204,498
1,276,762
l.i44,2«4
7,201,78a
11,342.276
10,142,361
10.934,104
57,474,06C
68,246,415
58,579,177
1
5 wks., Oct., 1884
5 wks., Oct.. 188a
18S5
Since Jan. 1,
Since Jan.:, 1884
Since Jan. 1. 1883
-.5.86,822
7,482,»47
The above
reflects the
25,699
86,469
38,708
23,(i<)0
9,421,718 7.802,346 4,017.943
11,726,084 8,234.412 3,386.611
10.087.701 7,577.95C 4.115.874
8n,3aS,794 51.146,182 12,771.860
81.371.565 56,908,911- 10.812.665
99.953,408 51,206,603 13.146,407
•
553,578
861.049
1, 139,1106
2.760.471>
4,402.685
6,898,065
wheat movement correctly, as reis no indication, as we
+701,695 46,893 45,655
+ 172,500
spects
+ 874,195
show on another page, of the movement during the month
at Minneapolis, which latter to many roads in the North-
Includes three weeks only of October In eaoh year,
Four weeks ended October 31.
the
west is of so
We
ports in
question, but
much importance.
It is significant of the extent
have already said enough above to indicate in a general way the influences that have affected earnings, and
of the falling
may
have had larger receipts than any other port. But while
there has been this contraction in the wheat movement?
tions.
briefly allude
With
now
to
some
particular roads
and
sec-
reference to the Northwestern section, whic
oS
that Duluth, though
having
lost nearly
a million bushels compared with the previous year, should
i
NovEMUEU
THE CHRONICLE.
14, 1885.J
the corn receipts, which last year were
year
quite
be seen have increased, and
will
it
small,
nearly
this
the
all
U( course, not the
the increase.
was aSected as in the case of the
wheat movement, though some individual roads have participated in the effecta of both, and accordingly as the one
or the other has been uppermost have their earnings been
ports have
shared in
same
of roads
class
influenced.
Quite a feature of the present statement
good returns made by the roada
which
in
October, 1884,
as
a
formly
consin,
the uni-
is
in
«ome roads with very heavy losses, there are on the
other hand not a few that have improved considerably
on their toUls of 1884. The table in full is as follows.
ORORn RARXIROS FBOM JAHUAKr 1 TO OCTODCR SI,
ITame of Road.
among
Chief
poorly.
these
1,341,329
Ohto.St.P.MInn.AOnialiM
A
A
likewise distinguished for
is
its
heavy
gaini
some small measure a recovery of a
also in
is
loss
in the previous year.
From Texas
Gulf Colorado
k
Santa Fe
conspicuous in this respect,
is
gaining considerably more than
&
the Texas
done
have
also
Going
well.
in
lost
it
Louis and the Fort
St.
The
are very encouraging.
the reports
1884, while
Worth & Denver
further
north,
into
(South. Div.)
(Iowa Div.),.
Indiana Bloom. A West..
•Kan. City Ft. 8. A Gulf.
'Kan. City 8p. A Mem..
Louf? Island
Louisville A Nashville..
Marq. Houifhton AOnt..
Mcxic^an Central
Milw. L.Shore A West'n.
Milwaukee A Northern.
Mobile AOhio
N. Y. Ontario A West'n.
Norfolk A Western
Northern Paeilio
Ohio .Southern
A Evansville
Kichmond A Danville...
Peoria Dec.
and Kansas, the St. Louis & San
VlrKiuia Midland
Francisco again has a decrease, though there was a change
West. Nor. Carolina...
Rochester
A Pittsburg..
for the better towards the close of the month; on the
8t.L.A.AT.H.maiu line..
other hand the Fort Scott & Gulf, the Fort Scott & Do do (branches)
St. L. Ft. Scott A Wich.
Memphis, and the Fort Scott & Wichita, have all 8t. Louis A 8. Francisco.
St. Paul A Duluth
improved on a'year ago. In the South, outside of Texas, St. Paul Minn. A Man...
Wabash St. L. A Pac.
the returns are not so good, and they were not good in Wisconsin Central
Arkansas,
Missouri,
.
October, 1884, either, as a rule.
The Mobile
has an increase of about $13,000, but this is
one-third
of the
Kashville
loses
decrease in
$46,794,
1884.
The
Ohio
than
&
The Norfolk & Western
has only a small decrease, but the loss is continuous, and
is
that on the East Tennessee
The
of the cotton
effect
and the
*
42,6ftO
190,040
02,302
20,899
30,486
185.528
43,130
347,22(1
618.843'
615. sia'
524,059'
413,843
3.344,199
3,894.022,
1,097,174'
1.050.1361
5,938,09S
6,613,3181
11,305,174' 12.634.179,
1,172,330
1,203,749;
135,447
127.549
1,317
ft0S,l71
178.100
18,252
132,935
58626
3,627
333,534
16,442
14,326
1,693,475
44,419
217,389
158,263
80,I0»
21,988
108,001
312,148
57,943
190,833
16,285
492,162
103.754
27,867
85,108
81,590
33,127
1,414,131
929
36,591
108,934
66,962
23,707
57,627
123.196
3,025
103,214
349,823
39,038
676.620
1,129,005
36,399
180,849,590 181,828,197, (5,731,930
Illinois
Central
movement on earnings
the
result
earnings, which this time cover Sepis,
as
in
previous
months,
rather
The Pennsylvania has a slight improvement,
and the New York
New England, the Northern CenI'c
the
judged from the following table ver
We
the
our usual form.
should say, however, that while
the receipts of the staple at the outports were less than a
7,711,587
979,007
mixed.
tral,
in
regards net
tember,
different sections can be
in
411,09-1
Intdudes three weeEs only of October in each jrear.
As
$212,751
decrease in the previous year.
so
Total (59 roada)
.353,393
390,356
317,597
182,1.50
1,401, 25C
1,52S.80.".
409,015
407.668
5,011,460
4,533,2S0
840.025
661,925
309.115
290,803
1,014,679
1,147,034
3,182,558
3,103.93.'
024,307
628.134
1,334,294
1,922.828
772,591
789.036
387,283
401,611
12,012,730 14,336,211
1,380,472
1,424,891
5,330,586
5,113,197
3.364.931
3,206.068
1,329,571
1,409,680
1,971,022
1,949,031
1,998,083
1,892,081
1,212,113
899,965
2,476,219
2.418,276
11,361,573 11,170,742
751,794
768,079
2,897,419
2,403.257
1,09.>,207
931,513
462,713
434,846
1,537,033
1,022,413
1,570,405
1,051,995
2,227,409
2.191,012
9.324,566 10.738.097
377,073
370,146
60?,979
045,.573
3,243.044
3.134.060
1,284,S0:
1,331,709
383,355
359.678
1,002.923
945,296
1,001,0051
1,124,201
1.M.68B
729,541
494 830
Net decrease
Louisville
addition to the
in
&
less
892,335
1.024,43!)
No. K.
\ loksbiirfi
Do
Do
2,18-(,0I9
861, 8-1!)
538,921
4,757,733
NowOrl.A TcxPar.
Alabama Ot. Soiitlieni
OrUiant*
2,lfl7,18C
19.98.'V,2,5I
Cln.
N«w
1,973,072
18,943, 1 2S
19,543,64a
4,799.783
1.220,18S
2,035,374
19,437,».5t
1
,
Wi'Ht.Mlch...
St. I-. .VCbu'..
V\i\. Iiirt.
379,503
8,008
2.233,877
279.722
4.588,59712,802.087
1,207,763
7,202.706
1,277,730
OJftBB
1,064,67;
—
Navigation
%
6,533,l.'i8
A
.
&
•
Central Iowa
A Alton
A .Mi^ri(Uan.
VlckabiirK Sh, ,t I'ac.
In Michigan the returns Cln. Wash. A Baltlniure.
increased, but only 25 per cent.
CloTO. Akron A ('ol
are better than heretofore, but there is still a pretty gen- Denver A Kio Grande.
Denver A Klo Or. West.
eral decrease, the Marquette Houghtoi} & Ontonagon being Ues Mollies A Kt.Dodifo.
Detroit Lanslnj? A No...
about the only exception. This latter is a mineral road, "Kast Tenii. Va. A Ga...
A T. Haute
and its gain is very heavy $45,000, or about 70 per cent, Evansv.
Flint A Pere Marquette.
Florida
R-y
Nav. Co..
though this is simply a partial recovery of a loss in ihe Ft. Worth A ADenv.
City
Grand
Tr.
of
Canada.
..
previous year which had been even heavier in amount.
Gulf Col. A Santa Fe....
ni.
Central
(li!.
Dlv.)....
In a totally different section of the country, the Oregon
which
BtertoMt.
Chlo.
did
Lake Shore & Western, having a gain of $54,000, or
over .'JO per cent. The mileage of the road has also
Inereait.
•
387,911
Otiloaffo
"Wis-
the Milwaukee
is
1884.
•
2,ftl3,99U
6.790,0ii4
EaHlerii Illlnnla
ChloftgoMIUv. A St.Paui
Ohlcuto A N<irtliw«»t ...
rule,
1883.
Roitton Ilooflac T. A W.
Burl. Cedar Kap. ik No..
Canadian Paoitio
•CliloaKO
rather
543
the Canadian Pacific, the Northern Pacific, the Den-
&
&
Rio Grande "Western, the Baltimore
Barlington Cedar
minor roads,
all
Rapids
&
Northern,
Potomac,
and some
give a good account of themselves.
But
as against these such prominent roads as the Atchison,
year ago, the movement overlahd has been heavier, the
shipments from St. Louis particularly having been large; the Burlington & Quincy, the Louisville & Nashville,
and this must have been a circumstance of importance to and the Union Pacific, fall behind a year ago.
OROSS AND NET EARNINOS TO LATEST DATES.
the Southwestern roads that carry cotton north to that point.
Since January
Purts.
1&<M.
Gulvestoo
bales
1SM3.
"
14S,8S0
2.335
2S5,750
1*93.
341,940
339,9J5
8,307
58,'.441
7,490
5.005
31,828
31,713
Bavannah
188,335
208,794
194,106'
Brunswick, &e
Charleston
Port Royal, Ac
4,773
133.840
3.712
1S9,79S
128,528
421,260
6,472
312,277
1J209
750
1,706
32.019
29,922
31.2351
423,372
7,773
270,208
5,440
55,319
1.168
1,857
2.203
2,932
107,771
121,167
129.439
48,695
244.025
Indiauold,
&c
New Orleans
892.422
Mobile
80.761
rioiids
Wilmington
Morebcad City. &c.
Horfolk
West
Point,
&c
Total
»For
55,9i>5'
1.606
3,513
786,845
103,19'
1,156,302
15.808
520,459
2.540
4,34
l'W,943
S5».027
1U.267
77.261
11.859
455.331
116,742
297.573
132,489
1,048.916 1,072.532 1.036.067! 2.395.124
2.482.228
3.52S,175
84,880
138.044
months of the year to October 31, the
better than might be expected.
The net
decrease is not large, and though there are
is
amount
of
Jv«t
.
1 to Sfiit. SO.
dhroMM
a el
Bamin^i. Exptnses.' Earnings.; Baminga. Eaminot'
A
Santa Fe—
SonoraS 1881
Baltimore
A Potomac—
18B5
1884
Buffalo N. T.
*
Phlla.—
18,85
1884
Burl. Cedar Kap.ft North.1885
1884
California Southern—
1885
1884
Canadian Pacific—
1885
1884
Chesapeake
A Ohio—
1885
18H4
809.097
803,103
Haizai)."L'ex."i'
Big Sandy-
1885
1884
the ten
exhibit
Operoftne
18S.5
11,094
753.767|
] 13.9SH
8,774
56,328
emus
1885
1884
1884.
133.296
3,704
285,714
45.624
10.660
l-5,45'ii
Name.
Atch. Topeka
I.
1885.
Jan.
Sei'tcmber.
BECEIPTS OF COTTON AT SOOTHERS PORTS IN OCTOBER, AND FROM
JAN. 1 TO OCT. 31, X885, 1884 AND 1B83.
Ches. Ohio
1885
1884
i
72,519
76,262
A Southwest.-
Mexican currency
188.882
117.916
86.3»)
85.247!
THE CHRONICLE.
544
Jan.
September.
NAMI.
1 to Sept. 30.
Net
Orosa
Net
Otms Operating
Earning. Expenses. Eaniinoe., Earnings. Earnings.
& Qmncy—
10,050,141
18,505,825
$
8.449.735
8.718.103
18.449
80.681
287,090
256,004
69.485
75.800
218.890
210,110
162.534
159.201
2,898,432
2,824,350
1,001,021
39,677
40,067
26.062
18.817
13.615
21,450
343.788
361,744
148.925
i57,rai
89J204
99,891
47.937
53,737
41,297
46,154
623,350
677,154
186,438
815,235
1885
1884
1.146.978
1,145,386
682.494
687,685
464,484 10,116.655
9,879,028
477,681
3,867,050
3,650,377
Xgg4
105.195
110.384
77,451
88,138
27,744
28,248
896,159
985,819
125.571
273.390
150.790
160.889
119,161
128,891
40,829
81.778
1,311,792
1,409,984
188,.S02
192.885
810,586
113,219
114.897
79.646
05,689
1,567,886
1,781,432
6.35.067
345,312
281.638
181.158
808.822
164,156
73,016
2,482,588
2,446,509
866,200
508,110
105.364
95.417
53.388
51.720
51,988
43,697
803,518
750,190
.S69.375
287.374
270,010
137.008
115.115
130,366
151,895
1,985.075
1,930,744
751.548
807.844
604,754
476,811
277.477
285.317
227,277
191,494
3,965.618
4.085.009
1.581,999
1,529,983
1,284.955
1,838.560
+5S2.896
t590.111
692,059
646,449
7.802.685
9,877,186
3,688,991
4,390,243
344.619
357.158
221.978
818,136
122,641
139,016
8.699.147
2,788.970
727,708
554,068
844.496
289,578
168,587
813,814
55,909
75,764
2.110,301
2,501,364
429,731
663,677
184,174
96,741
117,952
40,086
68,222
47,855
1,323,092
419,575
78,190
4,876,628
4,458.871
2,384,577
8.571,476
1,802,051
338.775
352,265
188.710
181.580
150.065
170,736
2,800,-188
2,876,451
1.494.464
1,551.683
1,754.214
1,574.607
1.834,458 def.80,272 111. 172.254 df 230,288
1,597,883 def.22,876 12,010,951 df 106,726
Chicago Barl.
1684
8,640.035
2.707,110
1,143,203
1,121,786
t
1,496,832
1,585,324
104,953
82.598
58,3 '3
83,832
49,570
18.770
40.695
41.882
24.246
21.201
379,424
369,311
Denver & Rio Gr. West'n1886
Dob Moines
&
Ft.
Doiga-
X
Qeorgia-
Bast Tenn. Va.
1881
Fort Worth * Denver Clty1885
Kentucky Central—
1884
liOuUvtUe
& Nashvllle-
Memphis X Charleston—
Mobile
X Ohlo-
Nashv. Chatt.* 8t.I,ouls—
N. Y. & New BuKlana—
IQQQ
1884
N. Y. Susq. & Westem1885
Igg4
Norfolk
X Western—
]^g4
Northern Paciflo—
1884
& Mississippi—
1885
Oreffun Improvem't Co.—
Oreuon Short LlnePenn. (all lines east o£
burg X Brie)Philadelphia
253.434
788,281
297,028
It is now abandautly clear that twelve months ago the unconstocks of cotton goods in tlie world were inucU larger than was
generally supposed; and, conseaueatls', that the unprecedouteclly heavy
business done in October, November and December, whereby producers
were mostly placed under contract until March or April, was largely
spceul.itive and anticipatory. Buyers of all classes bought more cotton
or yarn or cloth tliau they could subsequeutly sell either here or abroad
and as the .season advanced they discovered that the distrlbutiug marHence
Icets everywhere had been, and continued to be, over-supplied.
the misery and disappointment experienced during the liquidation of
the winter and eaily spring business, which has been going on since last
1883-84.
sumed
March.
No doiibt, diminished power of purchase on the part of some of our
customers accounted for a portion of the excessive accumulation of
stock which led to enforced reduced production but unquestionably the
main cause was the outturn of more yarn and cloth than could have
been absorbed under the most favorable circumstances. That is to say
the increased rate of production was more rapid than the increased rate
of consumption would (have been even if it had not been arrested by
such adverse ciicumstances as political disquietude, universally bad
trade, and a general decline in the values of the leading kinds of agricultural produce, which temporarily reduced the demand for all kinds
of manufactures. Here are the average weekly deliveries ot cotton to
English spinners during the sixteen years ended December 31, 1884, in
bales of the uniform weight of 400 lbs.:
;
858,368
Pitts-
X Brie—
[
1
Phlla.& Kead. Coal
Years.
Bales.
Tears.
45.000; 1873
1869
1870
1871
1872
reor«.
Bales.
Tears.
Baits.
60,000
61,000
59,000
62,000
Bales.
52,000 1874
60,000 1875
55,000 1876
1877
58,000 1881
70,000
!l878
57,0001 1882
57,000i 1883
67,ooo; 1884
69,00a
1879
1880
73,000
74,000'
Average.. 53,000 Average 60,500 Average. 59,750 Average 71,500
Now it is ditiicult to conceive how, under iiny circumstances,
the wants
have suddenly jumped up to the average of the last
four years. We know from what hapjieued in 1877-79 that there had
been over-production iu 1873-76 ana we know now that there was over
production in 1881-84, at all events in 1 883 and 84. In this connection
the following accoimt of the niunber and nomiual capital ot limited liaof the world coiUd
83,237,682 11.280.971
1,8«,395 36,399,099 13,542,260
2,361.622
2.661,706
865.431
1.024,142
1,305,984 21.093.194
1,324,828 :23.101,923
8,577,122
9,785,638
bility cotton mills projected in
X Iron-
1886
1884
Scioto Valley1885
1884
Union Pacific-
35,510
18.488
2.518,122 *l,884,881
2,488.827 tl,236,433
1,183.241
1,250,394
18.378.778
18,374.252
6,494,641
7,096.287
87,109
81,478
38,014
49,930
1.018.058
1.080.818
393.887
437.084
61.998
1884
No.
125.123
131.408
1884
1873.. 40
1874.. 101
1875., 84
1876.. 17
\No.
1,784.600
5,7 90.100
3,992,700
953,000
1877....
1878....
1879....
1S80....
Total 242 12,520,700 Total...
Average
Aver,
West Jersey X Branches1885
each of the past twelve years
'
is
very sug
gestive
Philadelphia* Keadlng1865
1884
>
;
1885
1884
1885
1884
860,126
XU,
1
Northern Central-
Ohio
t
fVOL.
oaiiital
pr. mill
£
I
1,1^0.000! 1881....
3'.i8,500 1882....
257,0001 1883....
867,000 1881....
pr. mill
25 1,742.000
24 1 ,908,500
24 1,580,000
45 2,597,500
2,632,500 Total... 118 7,828,000
Average
capital
capital
51,740
No.
45,390
pr. mill.
66,340
A very large proportion of
the companies projected in 1873-75 conof already existing private mills converted Into limited liability cxmpanies; but the bulk of the companies projected in 1881-84
consisted of entirely new concerns, and the 118 mills represented a
greater Increased power of i>roduetion than the 225 mills projected iu
sisted
Name.
Jan. 1 to Aug.
Augllst.
Central Paclflal1885
1884
Cin. Ind. St. Louis
1885
1884
*
1,368.1281
1.622.112
X Chic.—
208.850
512.028
703,181
«
*
840.094 9.872.178
918.931 10,3132,410
244,1171
117,009
145,917
89.841
98,300
562,7341
385,532
237,202
I
l,5as,561
1,543,241
31.
»
5.410.669
5,122,020
537.168
667,781
Denver X Rio Grande—
1885
1884
Grand Trunk of Canada—
1885
1884
£
299,798
200.241
219,125
51.438
80,673
1,931,650
2,208,706
443,032
696,368
44.146
69.565
38,095
44,017
6,051
11,648
358,828
423,196
46,925
78,557
21.687
24,119
7,583
8,380
142,590
160,714
840,488
193,878
14,101
15.730
s
186.174
184.486
54.294
69,398
1,234,161
1,125,185
32,994
40,473
t
60,093
383,314
270.835
228.751
141.397
151.099
128,838
75,662
1,903,358
1,718,608
829,658
355.301
47,439
25.123
18,887
23,316
37,074
18,207|
377.812
285,198
191.777
111,739
98,490
75,592
45,736
44,489
52.754
31,103
831,272
641,597
278.853
196,947
323.960
248,796
198,731
196,159
125,238
50,63^
2.433.891
2.086.605
762.037
568,768
740.131
586.212
410.991
410.614
389,140
175.508
5.315.833
4.632,206
2.059.716
1,831,743
1.900.362
8.240,456
785.142
1,059,675
1.115.220
1.180,781
261,677!
* Gr. Trunk—
1885
J8K4
Det. Gr.' Haveni' iiVlw!—
1885
£
ii
Chicago
1884,...
Houston & Texas Central—
1885
1884
t
t
Southern Pacific Company—
Galveston liar. X S. An.1885
isai
Louisiana Western—
1885
1884
Texas
X New
Orleans—
1865
1864.
MrtjBtP'g La.
X
T.
BR.-
1884!.'.'."!;!!!!!!"!!!!!!:
Total— Atlantic System1885
1884
Total— Pacific System—
1885
1881
Not includInK taxes and rentals.
Bspenses includa both In ISSl and In 1885 One-twelfth of the year's taxes.
T Covering the 1,8.50 miles n.jrth ot «.j3hen now comprising the C ent. Pacific.
t
t
ELLISON
cC-
CO:S
ANNUAL REVIEW OF THE
COTTON TRADE FOR THE SEASON
1884-85.
1873-75. Thtre can be no doubt that what may be termed the abuse of
the Limited Liability Act at 1862 has largely contributed to bring about
the loug-eontinutd unsatisfactory condition of the cotton industry. The
above tigures show how easy it is to float a number of gigantic spinning
companies. Given a promoter, an architect, a builder and a machinemaker, select a period when the industry has just recovered from a
hmg spell ot depression, when the existing mills have recommenced to
p!iy dividends, and when the public takes a saoguine view of the future
—and tke thing is done. Occasional periods of depression, aiisingfrom
temporary over-production arc unavoidably incidental to industrial
expansion, but they have been more frequent, of longer duration, and
more widespread in their ramifications, since, than before, the passing
of the Limited Liability Act.
The unsatisfactory state ot the cotton industry on the Continent
is
also
due, in part, to production having overtaken consumption, but ehicHy
to consumption having been either checked or reduced in consequence
of the diminished purchasing power of consumers, resulting from the
fall iu prices of all kinds of agrioultural produce. This latter influence
has been powertull)' felt in Russia imd in Austria, and iu a minor degree
ju Italy. Trade has also been very adversely aflfected by the outbreak of
cholera in Spain, and iu a minor degree also in France and Italy. In al
these countries there has been less cotton consumed during the past
season than in its Immediate predecessor. There has been no appreciable reduction elsewhere, but trade has been very dull, and there is
some increase in the stocks of good?. Many ot our correspondents,
especially those in Germany, Austiia, France and Switzerland, attribute
much of the unsatisfactory slate of trade to the severity of English
competition; but there was actually a slight decrease in the exports of
yarns and goods from Great Britain to the Continent. Hero are the
figures for the flrst nine mouths ot 1885, 1884 and 1883, for all Continental countries except Turkey and its late dependencies
[CONDUCTED BY THOMAS ELLISON.]
The main features of the past scsason have borne a strlUing resem.
bianco to those of its immediate predecessor. In both seasons there wa i
an exceptionally large business dona during the opening months, in
anticipation of very high prices, which it Wiis expected would be witnessed in the summer and autumn, in consequence of the diminished sup
ply of American cotton; and in both, the realization of these antlcipa]
tlons was prevented by disturbed politics ana bad trade, which led to
reduced consumption in the manufacturing districts, and to the breakdown of the speculative operation} here and elsewhere; but the initiatory movement was much more sanguine and intense, and the subse.
queut collapse much more severe and disappointing in 1884-85 than in
Piece Goods.
Tarns.
Lbs.
1385
1884
1883
97,146.300
105.177.100
102.622.100
1
1
Tards.
259„577,200
277.373,800
267.327,700
Tojudgefrom the nature of the comphiints made by our correspon
dents, one woiUd suppose that England had largely increased her shipments to the Continent; but these figures do not show anything of the
kind. That England has held her ground fairly well, protective tarifi'a
notwithstanding, proves that she at all events has noihing to tear from
foreign competition, and that so far as the outside markets of the world
NOVBMBXR
are ooiuu'nioil,
THE CHRONICLE.
14, 1880.]
tlui iiioro |>n>to<^tlc>ii (wliluli
(lut^ttoii) tlicrti In oil tliu
545
liioroiuwt ooot of pro-
tui'itiiH
C<iuttnent, uiid In tlio UiiUimI
HtatM aa
Sloek,
tHHMrit$.
well, the
Supply.
Oct. 1.
OontumpUOH,
Hloek,
\8epl.
80.
l/v.r*.
toltU.
botu-r for lAnonitlilrv.
18M0-H1.. 3,570,000
COCKHK UP TKICM.
3.607,000
:i,7H(?,000
shown tli« prlnolpal
Tlio fnllowliiK Bt4it4!iiinnt
of the luadlng doicrlptlons of ootton
:i.ii.'ll,000
fluotiiatlont In tho prloei)
3,390,000
during the scaaon
27,000 3,507,000
25,000 3.722.<K)0
82,000 :i.H«j.ooo
V2l,<nm 3,75:>,()00
89,000 3,188,000
25.000 3,^72.000
82,000
J
!
6R.0U2
3,r
i2i.(M)n
M!l,(,()(l
3,'.
41,000
3,
1
,iA>,>
1
,.,i^
OONSUMITION OF TUB COKTIilKIT.
The doltyorles, estlnint<Bd ooiuumptlon, and surplus stock* at tbo mllU
compart; as follows. In bales of the uniform weight of 400 lb*, each:
.•8,846
3,193,000
m
1
o
13S.001)
I
We
uiult the portion of the olTOular relating to
crop and
I
'
61,500
65,000
03,000
02,000
the Amorloau cotton
Its distribution.]
NUHUER OK SPINDLES.
The following is an estimate
America and India
OroAt Britain.
The opening, highest, lowest, closing and average
upland compare as follows
prices of middliug
Contlni-nt
Uiiit<;(l States.
East Indies....
A
number of spindles
in Europe^
1885.
1884.
1883.
1882.
43,000,000
22,750,000
13,250,000
2,000,000
43,000,000
42,000,000
22,500,000
41,000,000
1-2,660,000
12,000,000
1,020,000
81,000,000
Total.
of the
22,6-.0,rOO
13,-2OO,O0O
1,9.50,000
'
80,800,000
I
21,S3,^,00O
1,700,000
i
78,860,000
I
I
76,475,000
EXPORTS OF rxaNS AND PIECE OOOD8.
6
The following
Is a comparative .statement of the exports of cotton
piece goods from Great Britain In each of the past ten
scasonx, ended 30th September, in millions of pounds and yards
yams and
Open. 5% 5\
High
e^a
The
638
5% 67,8 7l4l6'8
6iie 52632 62332 6>s63l33
flUiei Clos..
Aver..
7'le7^
5%
IjOW..
5\l67jJ
hctwccn the highest and lowest prices was In the past
season "lad., asalnst Umd. in 1883-84, I7„sd. In 1882-83, VI- in 188182, liijed. in 1880-81 and I'lbd. in 1879-80.
KUROl'KAN IJirORTS, STOCKS AND DELIVERIES.
The Imports and stocks for the whole of Europe compare as follows, in
ram.
Ooode.
Tarn.
Ooodt,
Lbs.
Yards.
4,427
4,419
4,527
4,456
4,733
Lbs.
Tarils.
difference
1884-85
1883-84
1882-83
1881-82
1880-81
257-2
271-0
255-0
244-3
219-6
1879-80
1878-79
1877-78
1876-77.
1875-76
,
2177
.
235-0
.
25i)-5
.
230-3
223-2
4,304
3,631
3,681
3,803
3,635.
l,0O0°s of bales:
Ameri
can.
Eatl
EgyptIndian Brazil. ian.
Smyr-
W.I,
na.
<te.
Total.
Imports.
1884-85
3,855
3,855
..
1883-84...
1,023
1,687
252
343
664
91
Deoreafe.
Increase
500
893
73
58
107
17
75
72
5,780
6,408
628
.
Stock Sept. 30.
1883
1884
480
498
152
432
18
280
Decrease
52
16
52
35
36
17
31
24
772
1,008
236
Inoiease
iean.
East
Tn-
\dian
Bra
SffVpl-
zil.
iS«nTotal.
drieg.
Aver-
Total Weij/M,
age
Weight.
Pounds.
at.Britaini
1884-85
..
2,274
2,376
..
-',550
.'
1883- 81
1882-S3
1881-82
1880-81
..,
..1
284 175
376 338
4.34 203
415 279
239| 159
2,440
2,311
232
258
200
263
247
40 3,055
40 3,388
37 3,426
42 3,439
45 3,201
445
429
442
430
446
1,359,799,000
1, 4.52, 3-23,000
1,514,521,000
1,478,997,000
1,428,083,000
18S:i-84
1882-83
1881-82
1880-81
.
.
1,599 l,019l
4f)
l,i06i
72
1,.')0S
.
.
\
200
145
104
1,865 1,327
93
1,468 1,112| 114
1,709
850! 76
188
164
103 2,961
86
58
78
84
^,975
3,447
2,060
2,883
433
421
423
418
428
1,282,035,000
l,252,67>i,000
1,459,119.000
1,237,0H3,000
1,233,752,000
I
I
.ill
Eur'pe\
l*Kl-85
..'
l-4s.-?-S4
..
3,873 1,303 215
3.882 1,542 410
18.S2-83
..'
4,U5
298
l^'il 82
1880-81
482
403
304
..i
..
3,908 1,527 393
1.220 !l,089' 235
451
411
1,761
The avcrare wt-ekly
143 6,016 439-8 2,641,834,000
126 6,363 425-6 2,704,996,000
95 lti,873t 432-6 2,973.1)10,000
120 li.39!)l 424-1 2,71«,0(>O.OOO
129 6,084' 437-7 2,661.S35.000
deliveries in bales
were as follows
:
Orand
Amer. S.
Ivliil.
Others Total.
I.
81-85. 43,726 5,461
83-84 45,691 7.2.'!2
82-83. 4<i.031 >'.3la
58,764
05.118
«.520 65,-<94
81-82. 4(!,9-27 7.98011,237 60.144
80-8r^48j!)0j^59rj<^89 61.576
,
Past Season was during the llrst half worse than the
Srevioiis one, owing to depresRiug agricultural circumstances iu Mldle and South Kussla; but since Easter there has been a better inquiry
and prices have advanced 5 to 6 per cent; though there Is ni)t much
f)rospect of any great improvement, as the crops are on the whole unsatsfactory.
The Nyni Novgorod fair was more sail.sfactoi-y than tho
previous one, owIuk to the diminished stock, but mueli of the business
was on even longer credit tlian usual, extending in some iui^tances to
eighteen montlis. Tho eousumptiou of eottou was about tho same as
last season, which was already on a greatly reduced scale. The factory
law. prohibiting the employment of women and children at nisht,
comes into operation on the Ist (13th) October. There will lie little If
any increase in the consumption of cotton during the coming season.
The stocks (if American are smaller than last year, but there are fair
supplies of Egyptian
Stocks of yarna are smaller than l.^.st year, but
very Utile reduction in tlie stock of goods. Tliei-e is no increase
there
in spindles. Out of a total of 1,900,000 about 250,000 are idle.
lAMiy..
rhe Vast Season opened hopefully, but there was no Improvoinent of moment until recently, when, owing to fair reports from
I.-,
,„
9,,571
12,22.=.
'
!
Amer.
JB. /.
OlAra Total.
30,718 19.60016,5911." 6 939 115,703
28.970-22, 117 5.833157.220 12'2.3(>8
35.873 23,5':l 4,8'.)5 6(!.28i) 13'2,18-i
28,238 21.3Sli 7,297 '.6.921 1-23.085
3-2.b62 16.3 17 6,-225 55,43 I 1 1 7,010
The average weights
for this season are as follows:— American, 451
163 lbs.; Egyptian. 661 lbs.; Smyrna, 330 lbs.; Weat Indies,
Ac, 17011)8.; East Indian, 390 lbs. for Great Britain and 383 lbs. for
the Continent.
lbs.j Brazil,
CONStlllrTIOS
The following
demand became better and prices advanced a little, rho
are in I'avor of a further improvement, especially as the newfactory law, limiting the employment of women and cuildren, wlU
restrict the production of yarns and cloth. There is no olian^ e of importance In stocks of either cotton or yarn.
There is no Increase In
spindles.
Kijnt, tlie
l*rosfject
Sweden.
Tlic Past Season has not realized the hopes of better trade entertained
nt the 0{>ening. Consumption has been less than production, owiUK to
bad trade Kcnerully, and at present there Is little Pro»p«c< of any tmprovcineut. There is no Increase in the consumption of cotton. Th»
stocks at the mills are rather smaller than at this time last year. The
stocks of yarns are also smaller; but those of goods are larger. There
la no increase in spindles.
Germany.
Oreal Britain.
,
wishes.
—
Continent.'
1881-85
pense for the trouble they have been put to In complying with onr
Russia and Poland.
The following Is a comparative statement of the deliveries. In 1,000',
of bales, during the past five reasons, with the weight In pounds
\Amer-
STATE OP TUE COTTON INDDSTRY OS THE CO.VTUIENT.
The following account of the condition and prospects of the cotton
industry of the Continent of Europe is oompUed from answers received
to a list of questions sent to the principal cotton porta and cotton-manufacturing centres in each country in tlie month of September. We take
this opportunity of thanking our numerous correspondents for the
prompt and heariy manner in which they have answered our que.stlons,
and we trust tliat the perusal of our report will afford them some recom-
Moscow.—The
DELIVERIES FOB FIVE SE.VSOKS.
[
There Is a decrease of about 6 per cent in yarn, but an increase of 0*2
per cent in goods, against an increase In 1883-84 over 1832-83 of 6*3
per cent in yarn and a decrease of 2-4 per cent in goods.
OF GREAT DRITAIN.
A Bremen
coiTesi>ondent writes :—'- Tho cotton business was pretty
good tills year, but our importers arc disgusted with the downward tendency prevailing these laat mouths, and they have only done a very
small business iu new crop cotton. People wait for prices below 3d. and
thi n, we suppose, they will try to make up their Io..<30S by larger importations. We do not believe tile consiiiuption has lucreastd ihis year, as
business has by no means been aatiatactory lor our spinning friends.
Eapecially In Boliemla and Switzerland business Is reporied to be tery
bad. We cnnaider the stocks to be only limited, and we do not think that
spinners will buy more freely at present pilot a. .\ new cotton mill has
been built at Orohn, near Bremen the number of spindles Is now
35.000 to 40.000, but they Intonil to Inoiease the same to 6o,000.
Pkussi.i.— Tin Piist Season woi-ae than the previous one, owing to
over-inoduction and EngUah competition. No great Pronpeel of Improvement. No decieaao in the conaumption of eotlon ; stocks rather
Ii^ss than last year.
Stocks of yarn and goods larger than last year. Ko
;
change
a comparative statement of the actual deliveries,
estimated consumption, and sarpius stocks at the mills, for the past tlve
seasons, in bales of the uniform weight of 400 lbs. each
Is
:
in spindles.
WESTi-HAi.iA.-Tlie Past Season worse than the last one, owing to the
prices, caused by excessive comiwtitlon from all sides,
spinners preferring to sell at cost price rather than to go Into stock.
Warp spinners and flue spinners better off than the spinners of coarsfi
unremnncrative
THE CHRONICLK
5^()
jams, \rlioBe position Is worse owing to the short supply and high price
of East FniUa cotton. Prospects not verv promising; but deinaucl lias
Improved, and the stocks are being reduced. The consnniinion of cotton
has in iiio.st places been less than last season, owing to the want of the
lower qualities but in occasional instances there has liccn a slight increase. The stocks at the mills are smaller than last year, though in
FOme cases spinners who bought freely hold a slight increase of East
Indian. Stoclfs of yarns and goois are unchanged, smaller in some cases,
but larger in others. No appreciable increase in spindles.
Saxoxv.— Some say that the Past Season was not so good as the previons one, but the m.iiority say that it was better. There are complaints
of over-production and of English competition, aggravated by the bad
trade with India .and China; but all are agreed that the consumption of
cotton has increased -in some eases as much as 10 per cent, The Prospects are favorable. Stocks of cotton are much smaller th.an last year
but as to yarns and goods the answers are conflicting. There is no appreciable increase in spindles but new niachinerj- has been introduced
into some mills; and about 60,000 new spindles will be started next
;
;
;
eeason.
Bavaria.— One of our con-espoudents writes as follows: During the
Season 1881-8.5 business was decidedly unfavorable, so fir as Gennan
cotton-spinning was concerned. Not only did prices of yarn go lower
from mouth to month— no matter what course cotton prices were pursuing— but the further (calamity occurred that manufacturers bought hut
very sparingly, even at the comparatively low prices. This would go
to prove that their wants were fully covered with the stocks of yarns
with which they started the season, aud the purchases which they made
during the tiist tour or live months. Add to this the pressure on the
market of the imported fsreigu yarns, although these imports ha\e
considerably decreased, amounting during the flrst seven mouths of
18S5 to only 8.300 tons balance of imports, against 9 200 tons same
time of previous year. The reki tire prices of cotton and yarn hail not
grown worse as compared with the year before, but there was this
difference, that last year sales could be easily made on this basis, wliiie
this year, and especially during t)ie second half, only little could be
sold, if altogether losing prices were not accepted. This has reference
to yarns No. 36-42. Still more unfavorable are the relative prices of
coarse bundle yarns. Spinners had a chance to buy American cotton
cheap during September, October and November," 1884, while none
such presented itself for purchasing East India cotton. The reason
Jor the bad state of business is undoubtedly over-production in the German Empire, to which came, of course, the heavy imports fi-om Eng],and, where the cotton industry was during this 'season also very unsatisfactcry, as you know.
Resarding futiire Prospects they arc anything but rosy.
However, it is reasonable to conclude that we have
uow—Seiitembcr— reached the lowest yarn prices, and that— liarring
some forced sales here and there at still somewhat lower figures, in order
to clear off stocks— prices will henceforth tend upwards rather.
Trees
don't grow into the sky, and just as little can prices of manufactures
rule for long below cost price. The position will correct itself, although
we may not see an advance as decided as in 1879. Consumption of
cotton has remained about stationary. Stocks of cotton in mv district
are this year not only as, large as but larger tlian, last year, and we have
to add to tlie stocks actually in warehouses the purchases of shipments
made in August and September. S^sd. to 5 7-16d. cost freight, and 6
percent steam to Bremen, for Middling Orle.aus, have had a magnetic
power. The figures of the Gennan Customs statistics further prove
that we cannot suffer from a want of raw material. The net imports
•of cotton were, in the first eleven months of the season, as follows
Season.
Metrical Quintals.
1884-S.-5
l,.M7,17.i
18S3-84
1882-83
1,432,148
1,497,929
I'easoH.
Metrical Quintals.
1,317,003
1881-82
1880-81
1.416,834
Stocks of y.arns, I think, are. elsewhere in tlie German Empire as well as
here, not smaller, but distinctly larger than the previous year. As regards stocks of goods. I cannot correctly estimate them, lint it may be
assumed that these also must be of large dimensions, or else a largelyincreased home consumption has made up for thu falling off of exports
During the tii-st eleven months of the season the net export of cotton
goods was—
Metrical Qiintala.
Metrical Quintals.
1884-8.5
188.3-84
203,739 1881-82
215,886
208,608 1880-81
209,.546
1892-83
189,460
The reports from other correspondents .are similar to the above. They
all complain of bad trade and English competition.
Tliev report a
slight increase in the consumption of cotton. All except one say
that
the stocks of cotton at the mills are much smaller than last
year
stocks of viirus larger; but .all are .agreed that the stocks of goods are
much smaller. Increase in spindles 20,000 to 30,000
M. Gi.AMiAcn, Rhenish Prussia.— P«s( Season decidedly worse than
the previous one. especially during the second half. There was no demand for export; sales were didicult, and manufacturers made no
proflt|. As production is not reduced, the i»ro«/)cf« are no better
and
sales for dist.ant delivery are only possible at the late lowest
prices.
There was a slight increase in eonsuiuption at the beginning
of the season, but this has since been abandoned.
The stocks of cotton are
smaller, some say oO per cent smaller than last year.
There is soiue
Increase in tlie stocks of yarn; there is also an increase
in the stocks of
Ibout 12,000
"^ ^"""^ "^^^^ ""^'® '^ ""* <='"»"S«-
Increase in spindles
"".<"''""" *^'""'s I'a-^ ''ecu hotter than last
«»nIl^yi''i',iV.'li;-~^"'''rf
season, while in yarns it lias been much depressed,
owinc to over production. Ihe Prospects !,re unfavorable for spinners, .as yarn
prices
continue to decline but favorable for manufacturers, as tl
ev are mosHy
lucreased in some cases as much as 10 per cent. The
stocks it
I . mills
™n? ar.. smaller th.an
the
last year, in some cases 30 per cent smalk"
^il7'°,?,'f^?/;;''™^?''^™th7 larger but those of goods are nSifl:
^P"''"'^^ '^ 30,000, and there is a mill bulTdiug
,
^ith 30 000 more
rv„*.ti'J^'*'~^'"'
'^•"SO" '"iSan
with good prospe
•
ts,
but
.as
the year went
weavers found no
,'?'^''""'*
ditticulty in sell'm their
ornrtncVnn -T
?''«"«••
imports of KuL-lisli
?a?iis
are il .V,? to
,n account
^T" ?^"^^!\
jarnsarealU-cel
for this state of th'iigs and inlecd -is
food crops were pleiitifnl. no other re isoii is
appirent How v
Vi Ik
maimfactmvrs though not suftcriiig from EiiVlsh cornet
on utir
the same complaints of bad trade, cSupled
with low prcsorthe raw
""f^t'O"
i«
«i^Pn-8.se,rira ^ery pe?^^^^
r.'.t'™"'"'
TA,^^"
r"y f'«l«
lug
one. At
this moi.neiit, though
cotton is cheap,
cotton and yarn and yarn and cloth are very the mar" { fietw en
small and no honefn!
view IS taken of the future. One large faiUir? list
mon
l".sc"?,in.
reckless speculation with small financial means,
has added to 1}^^
gloomy feeling. There is some decrease in the
consumption
of
cotton
owing to American being used largely instead of
Indian and
Amencan Itself being used in higher classes than formeilv
sav
s ner
cent decrease. The stocks of coftoii at the mills
are rather sraalW
though no great (Ufterence, perhaps 10 per cent smalle?,
no
cn«.r
i„
tluJ
average sjvcii to eight weeks' consumption.
There are no stocks of
•"»<'" "' Second hands^ Stocks of
"»'
???^'^'.f,''''"l^"'^'-i"'*
^"'y liiVK". but decidedly larger than for several yan^s
|ea"s
and i?o, !']-,""*
'""'«• ''"' '"^^ i'npr'oyfJel^Z
SSaSSieri; f?o^n yfar ?o''ye'ar'''' "" "'^"
Law
t
™
,
,
St
reports are somewhat conflicting. All are
airreed that
c^SetItinr„f'S" ',!"'"*• and that it has been injured bvthe^xce4ive
S'??"*"*!
Jflich
have
been
o
fie
red
at
unusually
low Price" bnt^;.'^''*''
&osugEnKUsT^'"Lmfl*.'^'^^^
^2f«« than last seaso
l.i^ln.'^'I'^'r^'."^
.
.»?Lcro'^p?Sfen?'^"JSe^''itr'g"o'oTtri^^
[Vol.
XU.
crisis continues, the cloth
business of Alsace will again be spoilt The
consumption of cotton has decreased because finer yarns have been
spun, and because American and Egyptian have been cheaper in proportion than East Indian. The stoclcs of cotton at the mills are smaller
than last }-ear. There is much less American and less East Indian but
rather more Eayptian. The stocks of yarns are much larger than
last
year, but there is no increase ill cloth; on the contr.arv, some kinds of
printing cloth are scarcer. There is no increase in spiiiilles. but a number of new spindles have taken the place of an eiiual number of old
ones, wliicli have disappeared in consenueuce of bad trade.
mills have been built.
No now
Austria.
Respecting the cotton industry of Austria cenerallv, one of our cor
respondents says :— The bad outlook of the trade in Austria a year a^o
has been fully borne out by fact. We may say that business has turn?a
out much worse than expected. The low prices ruling for all productions of the soil have diminished the buying power of the country, and
as stocks of goods and yarns increased, the margin became poorer .and
poorer, prices declined continually, and manv producers had to work
with a loss. Numerous failures in tlie manufacturing branch aggravated the position. A good dcjl of short-time was resorted tosome tried to do better by reducing production, through spinning higher
numbers (30-42) which used to be importerl from Manchester" However, eompliiints .about forced sales of English produce at low prices
continiic. 'r\\t Prospects are still gloomy. Demand see:ns to iinprovo
somewliat, but as stocks are Iirge, an improvenient on tne present low
and unremunerative prices will be slow and distant, if Enslish ofl'erg
do not cease. The decrease in the consumption of cotton is generally
estimated at 20 per eisnt. Stocks, on on average, mav be from in to 20
per cent smaller. We heard of many coiiipla'nts abo'ut the ipi.Tlityof
the last Surat crop not working well; therefore the consumption of this
growth is likely :o decrease, spinners tuiniiig their atteiiti'Ui to the
new American crop. Stocks of yams and goods, in snlte of the re lueed
production, are much larger than twelve months ago', especiallv for the
low numbers of yarns (6-20). for there seems to lie Utile or no demand
The esiimates v.ary from 2.5 to 100 per cent. No other increase in the
number of spindles has taken place than through those mills which
were in course of erection last j'car; on the eoiitrarv, some miUs are
closed; one destroyed by fire.
BoiiEIMiA. -The Pas(*'easoii was decidedly worse than the pre\-ious
one, owing to long-coiitinueil over-production, and to the dimiiilshed
p>wer of consumption, in consennence of the low prices obtainable for
the gr.ain and beet crops. Tlic> had condition of trade was further
.aggravated by English competition. The posiiifin is not so bad as at
the opeirng of the season, and people liope for some iiuprovenient, but
there are as yet no distinct signs of the ne.ir approach of a better state
of things. The reduction in the consumption of cotton is variously estimated at from 10 to 20 per cent; due in part to short-time, and iii part
to the spiiinina- of finer counts of yarn.
The stocks at the mills are
muchsmaUer-in some instances .'lO to 80 per cent. less. There are
great complaints of the ba<l (luality of the last East Indian crop,
and more .American will be use 1 in the coming .season, especially if there
should he a good supply of low grades. Stocks of yams aud goods
everywhere considerably larger than last vear. There Is no increase in
spindles; from 10 to 15 pir cent of the total in existence are idle.
Ti lioi, ANii VORAi.uBiiG.— J'f(s( Season considerably worse than tho
previous one, owiiii to over-production, to English compelition occasioned by bad trade in the East, and to poor prices for agricultural
produce. The Prospects are not good. The home cropi are abundant,
but their realization is difficult aud uncertain, especially for export, iu
consequence of the unsatisfactory condition of the currency and cxchanse.
"Only when the totallv demornlized state of business in
England improves, may we hope that tlie slaughtering sales on the part
of English spinners in our markets will cea.se. and prices become less
ruinous." The consumption of cotton is varlouslv estimated at slightly
less than last season up to a reduction of 20 per cent. The stocks at tlio
mills are estimated at from the same as, down to ID per cent less than,
last year. The stocus of yarns an 1 goods are slightly to much larger.
Increase in sinndles, 35,000, less 11.000 not yet at work. From 5 to 10
per cent of the spindles in existence are idle, chieHv old raacliiuery.
Lower Aistria.— The same unfavorable ciroumstiiiioes which forced
theiusel ses into prominenr e at the end of last year have innueiiced business to even a greater extent during the season now expiring. We
must, therefore, call business during 1854-8.") as having been decidedly
bad and unprofitable. The fruits of the soil of Austria anil Hungary
eaun it be used even at the ruinously low prices; this more than anything causes consumption to be restrained all over the country
Numerous failures have also caused heavy losses. Ft is hoped that a
change for the better is coming, although there are not any sure indications of it. Consumption of cotton has decreased 20 per ceiit. Stocks of
raw cotton are about 25 per cent smaller than last yevr. Stocks of
.vanis aud goods are, spite the reduce 1 production, larger than samo
time 1884, especially
yarns we shoull sav 20 to 25 per cent larger
The number of spindles has not increased, but h.as, on the contrary
been reduced, as two mills, with about 10,000 spindles, have eutireiv
ceased working.
Ui'PEi! AITSTRIA.— Pa.?/ Season worse than the previous one, owing to
the accumulation of stocks, in consequence of the bad state of the
ninnufacturiiig business. Large stocks of yarns have been forced off
below cost price. At present the Prospects are rather bettor as reirards
demand, but prices are miserable. Consuuiption of cotton has slightly
iiii'reised as ingre spindles have come iiio operation. The stocks of
cotton at the mills are smaller than last year. The stocks of yarns
are larger, but of goods siinUer. Increase in spindles, 12,000; others
1 a course of erection not yet at work.
m
;
Switzerland.
The reports are somewhat v.ariable. The raajoritv say that the season
throughout was worse than the previons one, but some complain only of
the second half. All complain of over-production and English competition. One correspondent says: '• England, not being able to dispose of
her prmlucts in distant markets, threw her surplus on tho Continent of
Europe, which caused an unprecedented depression in the trade and
the margin between cotton and yarn is so sinnll that even with tho
present low prices for the former, nothing but Id.ss is the result. Many
mills Iiave. in consequence, come to grief." Anotlierciirrespondeut says
that "English eonpetition has evervwhere d stroyed he ilHiv bu>ine-s,
and no winder, therefore, that there i-< a crv for hiL'le^r "i-rnti-ctivc
tariffs." No one lio les for any improvement nnril bus n 'ss is beUer in
M.tuchester. or until Holi;<.n spinners adopt short-time. Consumption of
cotton about the samo as the previous season in some nlaces there Is a
decrease, in others an increase. More Egyptian and less East Indian
has been used. In some instances rather lower counts of yarn have
been produced. In others the spindles have occasionally been stopped,
owing to the temporary want of water power. Stocks of ICgvptian
cotton larirer than last year, but of American and East Indian much
smaller. The stocks of y<arns are larger than last year ; 'lut the stocks
of goods are insignificant. There is no increase in spindles.
;
;
Holland.
Although more cotton has been spun and more goods produced than
in the previous season, the character of the business has been worse,
owing to tho bad trade in nearly everv branch, aud to the low prices of
maiiufacturid goods, both for home markets and export. The business
with Java was worse, owing to the sugar crisis, and to the low prices of
coffee and other produce. The Prospects are not good, but they will
probably improve if cotton prices remaiu low.
The consumption of
cotton has slightly increased, owing to two mills, burnt di
last season, having been rebuilt. The stocks of cotton are very minll, especliilly
of American, and much smaller than last year. The htocks of
are either about the same as last vear;or slightly smaller. Int the stocks of
goods are liearter. There is an iuoioase of 10,000 to 15,CW in spindles.
wn
yam
NOVBHBBR
The PaHl
THE CHRONICLE.
14, 1885.]
Bri.i:iiM.
Sfantii vrnf imt so K»oil ax tlir provloim oiie. owliiK
t^i
rxoiii-
Tlic I'rotpeclii do not tinllrnto
r\vi- (inMliK ttoii mill iliill tiiulr In gcmnil.
luir linmi'iliitic lni|iri>vi'niiiit. Thiri' \\u* been no Iniri'iiAi' InihiconTin' HlorkH lit thi< m\\\* arc nincli KUnillii' tlinn limt
j<iiiu|itU>n or L'ottoii.
iiro liirgrr, unit tUuae of goudu luiicli largur.
rear. Tlu' HtockK of
yams
Theruls uu lucruiuu
fit
spliKllug.
France.
cotton Industry In Prnncp, one of our
oorri'«iiondi*ntrt nayH— Altlionjcli lHS:j-4 was not proMiu-nniH foi- those
InliTi'stcil In thr cotUin IndnKtry. If-nl-S liiis lioon still nM)ii' dlsniipolntInff. tlif nion' so. as rather sanguine Uor«'S wi>rt' riiti'rtalni'U at tlio
bi'ttinnlni,'. In i-onciiiuciLOi' of tlni strong ^t»tlstll'al position, wlilcli 1<m1
Ro^portlnit the state of
tlio
peopli' to I'xpi'i't tliHt stocks wonld nin down to uiiprccodiiitcdiy lower
But as the season
lljiinres, owUik: to small erops In Aiuirtea and Inilla.
advanced linslneKs everywhera wiis checked by p(dltleal unenslnesa.
wliile still later It was lUscovered that oonsninptloii had been overestlnnited, so iiineh so that even the Krcat strike at Oldham and Its
Ini'ldrntal lnq>ortant;ri'dncthiii In the out-turn of yarn and cloth, has
If cotton keeps low lu jirlce the
failed to clear ort' snr)ilus stocks.
/VospefN in«y become better, but at thi' moment they are not very
<Jicouni»,-ln(t. The eousniuptloit of cotton in l"ranee has ''ccn diminished,
(win),'. Ilrst, to bad trade, which has forced some spinners to lli|nidatloii.
and others (durlni; the past few months) to short time; second, to the
better iniality of the Anicrican crop, and third to the relatively hl>,'li prices
and bad tiuallty of Kast Indian. whUdi has caused spinners to nst- more
Ameilciui. it Is ditHciilt to estimate the total reduction, but it cannot
well have cxceedeil live per cent. The stocks of cotton at the mills are
very small, lu'obably .">0 to ()0 iM>r cent less than at this time last year.
The stocks of yarns and <oods are luuch larper, owing to KngUsh competition and to the holies of better prices latcron. which prevented
uiuuufacturers from selling in tli'i sprin,;, and to the gi'ticral elect Ion
which always interferes with nil branches of business.
Tht^ total increase may la^ about .U) to .'id pi-r cent. There is no increase In spindles,
but Boinedcslroycd by tire have been replaceil by now ones.
The followinjr are suinmaries of reports received from the principal
centres of tin- eotttui Industry :
I.tt.I.K,
ToUHCoixi;. Kotnuix,
Ac—The
PaM Season vaa worse than
the previous one. owmsr to the decline lu prices liavlns entailed losses
upon spinners and manufaelurors. Moreover, polities weie perplexing,
and commercdal ticittles biirdeusome. I'voitptrlshad, Consumption of
cotton has iiu'reased about 5 per cent. Stacks at the mills about 20.000
baUs. Sto< ks of yarns and goods ICO.OOO to 500,000 kilos. Increase in
spindlei 20,000 to 25,000.
VoM^K-i.
The /'««/ .V(!<Moii was very similar to the previous one;
Inisiness was poor throu^'liour. owIdkIo the unsatisfactory state of trade
ill all Kiirope.
Then' appears to be but little Prospect of any immeliatc
change r<u" the better. The C4>nsuiuption of cotton has not increased.
Tbc stock.* at the mills are larjrer than last year. The stoclis of yarns
are insi^'iiiticaiit. The stocks of goods are about the same as last year,
gomi' new siiln<lles have been put up instead of old ones, but there is no
net Increase.
EoiE.v. —Busine.'ss, after a slight revival ot the end of last season, became verv inactive ana has since been very unsatisfactory, owing lo
over-production all over the world.
The I'rogpects are not blight, but
after so long a deiiression a reaction may be near. The consumption of
cotton has slightly decreased. The stocks at the niilla are only about
half what they were last year, but there is a corresponding increase In
the stocks of yarns and goods. There is no increase in spiiicilcs.
AC—
CoNDK. Fi.KHS. Mayense AND Lkvai,.— The I'asl Season was worse
thnn the previous (Uie, owing to the insigniticant demand for cloth,
which aftir two good agricultural years ought to have been better.
Cloth agents compbiin geiieial'y that they are badly paid by their
clients. There are as yet no imilcatlons of any improvement. There
has been Rome short time dui lug the past few weeks. The consunij>tlon
of emotion was .about the same as In the previous season. The stocks at
the mills are ten per cent smaller, but the stocks of yarns and goods are
20 to 25 per cent larger. There is no increase in spindles.
Spain-.
The Past Season was worse than the previous one, owing partly to th*
disturbances in husiuess occasioned by the cholera visitation, and partly
monetary crisis. The consumption of cotton goods has been
constantly below the rate of production, especially of late. The Prospects are not favorable, as manufacturers are overstocked with goods,
while the monetary stringency continues. The consumption of cotton
has decreased about 15 per cent. The stocks at the mills are about the
same as last year. The stocks of yarns and goods are very large, producers having sold very little during the past three months. There is
no increase in spindles.
There has been much short time since the
mouth of June.
Italy.
GF.so\.—rait Season decidedly worse than the previous one, owing to
diminished power of consumption in consequence of the agricultural
crisis, short crops, and eliolera locally; and of general o\ er-production
everywhere, and the relatively high price of cotton. The luily hope of
iniprovcinent is founded upon the expectation of abundant cotton crops
anil coi respondingly low pi ices. The consumption of cotton has slightly
dccreaseil. The stocks at the mill* are smaller than this time last year.
The stocks of goods are probably 10 per cent larger. There Is no increase in spindles, hut tuere has been a partial substitution of modern
for worn-out machinery.
TvRii.— Past Season no better. If anything rather worse, than tha
previous one, especially for tine yarns. The Prospects are better, provided the cholera disaiipears. The consumption of cotton has iucrciv*ed
5 to 8 per cent. The stocks at the mills are about the same as last year.
The stocks of yarns are smaller, but the stocks of goods are 20 per cent
larger. There Is an increase of 15,000 to 2P.0OO in spindles.
Milan.— i'«.s( Season worse than the previous one, owing to over-production, political uncertainty, and stagnation in general business. The
Prospects are favorable, as the present low i>rice3 for the raw material
leave manufacturers a better margin. The consumption of cotton has
decreased 7 to 8 per cent, as night work has been reduced, and peop e,
owing to the bad state of trade, are not inclined to work at their lull
capacity. Stocks of cotton at the mills 12 to 15 per cent smaller than
last yrar. .Stocks of yarns ami goods larger. The ijaantlty unsold pnibably amounts to three mouths' production. There is an increase of
15,000 in spiudle°.
to the
Prospects.
It Is
do more than merely guess at the outturn of the
The October report of the Washington Agricultural
too early yet to
American crop.
Bureau esliniated the probable yield at Sti^ of a bale to the acre, whicll
on 18.379,000 acres would give about 6.750,000 bales of 450 lbs. There
are some authorities, however, who think that the crop will not exceed
6,500,000, and others who do not look for more than 6,250.000 bales;
bnt as a set-ofT against this email figure there are guesses as high as
7,000,000 bales. Mr. Ueury Neil, of New Orleans, whose forecasts have
for a number of i-easons jiast been marvellously correct, has not yet
published any estimate.
The lealization of the official esiimnto of
6,750,000 is coi.tingHUt upon a bing and favi rab'.o picking season and
it ts postllile that the figure may have to be modided in couse<iiienoe of
the fiost which occurred a week ago. but about the effects if which
nothing reliable la vet knowu. Out of a crop of 6,750,0(lt>, the linpoit
into Kurope would probab'y reach about 4,650,000 against 4,64!) ooo
out of 6,992,000 m 1882-83, and 4,520,000 out of ti,589,OO0 in 1.*^<Q-31;
r)47
Nothing reliable can bo known abuiit the extent of tin l-^nst Indlaa
crop until next sprtiig. but for stntUllriil piirpone* Ihn present dlsiKislHon Is to put down 1 ,500,000 bales ss the probable Import Into Europe.
Estimates of the Kgyptlan supply vary from 30.000 to AO.OOO bales of
7 can tars each less than last season, say an average of 400,0CO, acalnst
500.000 hales. From all other sources the Import last season wa*
400,000 bales, and there Is no reason to snppoie that a smaller iiuautltr
win bo received In the comlnx season.
Accepting the foregoing estimates, the sapply for 1888-6 compares i*
follows with the actual figures for the previous three i
Import.
1385-6.
1884-S.
1S43-1.
4,650,000
1,500,000
460.000
400,000
3,855.000
1,023,000
3,85.-.,0O0
402,000
473.000
Mill stocks, Oct. 1
7,010,000
772,000
179,000
5,780,000
1,003,000
241.000
6 408 OOO
963,000
525,000
Total supply
Consumption
7,901,000
6,550,000
7,029,(100
6,078,000
7,896.000
6,647,000
Stock Sejit. 30
At the mills
1,411.000
951,000
179,000
1,249.000
American
Kost Indian
Kgyptlan
All others
Total
Port stocks, Oct.
1
400,000
.500,000
1883-3.
]
4,640,000
1,638.000
334,000
1,IW 7,000
39:^.000
241.000
444,000
,
*?
'
nan ivtn.
771,000
2ie,oo»
8,052,000
6,564,000
1,488.000
<
1
525.000
At the ports
1,011,000
772,000 1,008.000
903.000
The ilgures for the new season bear a strong resemblance to those of
1882-3. Europe will have about the same ciuantlty of cotton to handle
as In that season, and with low prices there is no reason to suppose that,
the oons.imptlon will fall short of about e. 550,000 bales, tt might. Indeed,,
be a little more.
Low prices would also cause siilnners to close the
season with large stocks at the mills. As to the future course of prloer,
that will depend not so much upon the quantity of cotton to be handled
as upon the method of handling it. At the moment buyers are veryshy, although November to January deliveries are selling at S'lgd.,
which price is lower than has been touched for 30 years, except for 20
days In the month of December, 1878, when business everywhere waa
seml-suspcnded, owing to the financial and commercial panic. Still
lower prices may be witnessed, but a marked change will come some
day, and many spinners are acting wisely in at once commencing to
buy. No one can hope to catch the bottom of the market for all he wants.
PK0ttietargg®0mmcrctaI gwgltslt glcwB
BATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
UXOHAHeH AT LOHDON-Oel. 29. MxcHAsga OH londoh.
Onr~
Timt.
Bate.
Latest
Date.
Amsterdam. 3 moB.
12 1 »12-2
Amsterdam. Sight. 12-2% «^2•3^
Hamburg.. 3 mos. 20-52 ®20-56
**
Berlin.
2052 »20-S6
«#
20-51 320-55
Frankfort...
Oct.
Oct.
Oct.
Oct.
Oct.
**
12-65 tSl2-70
Vienna
Oct.
*'
Trieste
»12-70
12-t>5
Oct.
tt
25-45 325-50
Antwerp .
Oct.
**
231332314
St. Petersb'g
Oct.
Paris
Short. 25-22ii®25-27i« Oct.
Paris
3 moe. -25-3s%a25-42>« Oct.
•'
25-60325-65
Genoa
Oct.
**
Madrid
4578945 5e
Oct.
**
Cadiz
45''8a45!>8
Oct.
41
Lisbon
5i7sa5i%
Oct.
u
Alexandria
Oct.
**
Constant'ple
Oct.
Bombay
Dem'd
Is. 65ifd.
Oct.
Calcutta
New York...
Hong Kong.
Shanghai
•'
....
Is. 65,(id.
OC.
>.**
Oct.
Oct.
Oct.
nme.
BaU.
30 Short.
30
30 Short.
(i
30
••
30
<•
30
'«
30
'»
30
20-34
20-34
20-31
12 52
29 3 mos.
30 Checks
1207
25"25
23--'3..53
25-20ifl
30
30 3moF,
(t
30
'*
30
<<
30
'•
SO
30 3 mos.
30 Tel. t'rs
•'
30
30 80 days
30 4 mos.
(.
30
46-60
108-87
Is. 6i8d.
Is. eSjsd.
4-8-2>a
38. 5!>8l.
4s. 83gd.
[From onr own oorrespondent.J
London, Saturday, October 31, 1885.
The hopeful accounts recently to hand from most of the
leading trade centres have not, so far at least, produced any
very tangible results. The volume of business has not as yet
perceptibly increased, A more confident tone certainly prevails, and inquiries have been more numerous.
Some also
leport orders less scarce, but we are very far from having
attained that happy phase in which activity has taken the
place, and blotted out the memory, of the depressing results of
recent years' operations. We have apparently been oversanguine in anticipating that the trade revival now passing
over the American Continent would speedily make itself felt
upon our shores. That such will be the case eventually, there
can be no doubt; but from present appearances the movement
does not promise to be a rapid one. There is plenty of money
to facilitate operations, but the railway traffic, the bankers
clearing house returns, the s*ate of the discount market, al
disclose an absence of evidence confirmatorj* of a real increase
of business. It is to be said, however, that if the process be
slow we can hardly complain, as it will be more substantial
and sure than it could be w,?re it the outcome of a period of
inflated speculation. There is one disturbing influence to beovercome. Until the general election has taken place, unsettlement must be expected; but the close of the year should
witness the removal of this hindrance and leave the new yea c
THE CHRONICLE.
548
which it is to be hoped
assume the proportions of sound commercial
free to start under favorable auspices,
will gradually
prosperity.
Continental political affairs have not attracted so much attention during the week as to suggest any fresh drawback to
business. Apparently a final solution of the difficulty is no
nearer now than it was when the trouble first commenceJ,
but that the peace of Europe will be disturbed is considered
most unlikely. There have been frequent reports that Servia
was on the point of commencing hostilities against Bulgaria,
and more than once it was asserted that the troops had crossed
the border;
but
all
rumors have turned out
to be false.
No
doubt a modus Vivendi will be discovered. The time for the
partition of the sick man's estate has not yet arrived, and so
long as the great powers recognize that the moment is not
opportune, so long will the small nationalities be kept quiet by
those who will have the ultimate arrangement of their destijnies.
An
important movement
is
now
going on which
must
[Vol. XLI.
1884.
1885.
Proport'n oX reserve
£
35-55
to liabilities
Bank rate
2
p. o.
p. o.
18S2.
Is83.
£
£
33B8 p. c.
4 p. c.
I005i
43ia p. o.
3 p. c.
lOl^ia
£
34
5
p. o.
p. c.
102
lOOai^rt.
Consols
40.1. 6il.
40.'! 3d.
328.4^
31r. 6a.
Eng. wheat, av. price
."id.
511, «rt.
Siwid.
5»8d.
Mid. Upland cotton..
fi%d.
O'ad.
iod.
S^dVo. 40 mule twist-...
Oleai'K-Houseret'n . 85,940,000 86,430,000 120,580.000 144,971,000
Messrs. Pixley
bullion
&
Abell write as follows on the state of the
market
Gold. There has been a strong demand for eiport during the week,
except sOTereizus, having been taken for export ; and. In
addition, £!-0,000 has beeu'withdrawn from the Hauls, which establishImperials. The
ment has now parted with all Its stock of Russian
arrivals coiuprise £-2f>,0J0 from Chill, £124,000 from China, £18,000
from India. £18,000 from Central America and £5.000 from the Cape
total, £222,000. The Bank has received £ 12.000 in sovereigns.
Silver.— With a slight decline in the Indian e-\changes, the price of flue
bars has become easier— to-day's tiuotation being 47 7-16d. nominal,
awaiting supplies by theChlli steamer, due in a day or two. The arrivals
during tlie week have been purchased partl.v for the East and partly for
IbeKugli.sh Miut. The P. <Si O. Ptcunifr has taken £118,0 Oio Bombay.
Wo have received siuce our last. £t>0,0 iO from Chill, £ 41,000 from New
all arrivals,
^
;
York and £12,'i00from River Plate;
total,
£113,000.
Mexican Dollars— Have receded slightly, the best price obtainable
being 47%d. per oz. for f^eneh Government act ouut.
Messrs.
Chad wicks. Board man
&
Co. offer for subscription
eventually exercise a decided influence upon trade. The different railway companies are showing a disposition to re-arrange their tariffs for the carriage of goods. As is well known,
the charges here are much higher than abroad a comparison
with American rates showing an appreciable difference. But
the companies have at length come to recognize the wisdom
£1.50,000 six
of making some concession. There has been a tendency of
late years for large manufacturing concerns to gravitate to
the coast, so that they might be more advantageously placed
in dealing with foreign competition, which the excessive railway charges had rendered so difficult. The Times mentions
a report of a heavy piece of furniture purchased
in Indianapolis being conveyed from thence to Liverpool
loan bears 5 per cent interest and the minimum is 99 per cent.
The steamship Great Eastern has ju?t been disposed of by
auction at Lloyds Captains' Room for £38.200. In 18S1 the
vessel was withdrawn for £30,000. The destination of the
ship is Gibraltar where she is to be permanently stationed as
—
for just two-thirds of the cost of the carriage from Liverpool
to London. With such facts to think upon, the success of
the foreigner in our markets is easily explained. The London
Northwestern and the Lancashire & Yorkshire companies
have been the first to make concessions, which it is believed
&
per cent guaranteed first mortgage debenture
bonds of £100 each of the Minas Central of Brazil Railway,
the price being 95 per cent. The provincial government of
Minas Geraes guarantees £60,760 per
annum
for thirty years.
The Union Bank of Australia invite tenders for a loan of
£200,000 of the Geshorne Harbor Board of New Zealand. The
a coal hulk.
The agricultural returns for the United Kingdom have been
published this week. It appsars that the area of G reat Britain
reported in 1885 to be under all kinds of crops— hare, fallow
and grass exclusive of heath and mountain lands and of woods
—
and plantations, amounts to 33,544,000
acres,
as
compared
with 33,465,000 acres in the previous year, showing an increase
will be followed by other companies.
It must not, however,
The total (juantity of land returned
of about 79,000 acres.
be inferred that they have given way willingly. They have under wheat in the present year is 2,478,000 acres, or 198,000
had the wholesome dread hanging over them of the competi- acres, equal to 7-4 per cent, less tlnan in 18S4, and a decrease of
tion with the Manchester ship canal. No doubt it will be a 134,800 acres, or 5 2 per cent, as compared with 1883, when the
long time yet before ships, instead of unloading at Liverpool, breadth was less than had been previously recorded. The concan carry their cotton straight on to Manchester; but the pro- traction in the acreage is no doubt the result of the low prices
ject will be carried out, and sooner or later the competition so long current, and the tendency amongst farmers to devote
must commence which will render the carriage of goods much more land, year after year, to breeding and grazing stock,
less expensive than at present.
Barley was
results.
better
offering
prospects
of
as
It was expected by some that the Bank of England directors grown
on 2,257,000 acres—an increase of 88,000 acres,
would have advanced the rate this week; but although the or 4-1 per cent over 1884. The acreage of oats was 2,940,000
movement can hardly be delayed much longer, they have not acres, being 25,000 acres, or 9 per cent, over the previous
8o far made any change. The weekly return is more favorable year. The total acreage under green crops was 3,521,000 acres,
than was anticipated. As a matter of fact, the reserve has against 3,487,000; under clover, sainfoin, and grasses, in rotaincreased £144,174, whilst the proportion to liabilities lias risen tion, 4,654,000, against 4,331,000; and under permanent pasture,
from 3)'5o to 391S percent. Tin reserve now amounts to 15,343,000, against 15,290,000 acres.
As regards Ireland,
£11,845,341 or £1,780,000 more thanat this time last year, when wheat was sown on 70,800 acres, a slight increase over the
the rate was advanced from 3 to 4 par cent. The loss in bullion breadth of last year, when 69,000 were sown. Barley was
on the week was £173,341, of which £129,000 went abroad. grown on 179,000, or 12,000 acres more than last year; but
The drain for Scotland has not yet set in, but the present tota] oats showed a decline of 19,000 acres, as they covered only
of £20,747,631 will soon be temporarily reduced through this 1,338,000 acres, compared with 1,347,000 acres in the preceding
agency. The supply is about £915,000 in excess of what it was j'ear, making altogether, with the minor crops, a total acreage
last year.
The principal features of the return are, however- of 1,591.000, against 1.599,000 acres in 1834. The potato acrethe reduction of £3,018,184 in private deposits and the decline age was practically the same as last year, namely, 797,000
of £2,335,000 in government securities.
From this it must be acres, and the total under green crops was 1,218,800 acres,
inferred that the Bank has been borrowing on consols in
against 1,221,4'^0 acres, and of permanent pasture 10,245,000,
order to reduce the surplus balances in the open market and
against 10,316,000. Flax has increased from 89,000 to 103,000
thus bring about a closer assimilation of charges. In the
acres.
ordinary course of events money should begin to harden disQuietness has been the characteristic of the grain trade. No
tinctly at this time of the year, but so far there is an absence
feature of any piominence has at any time asserted itself, the
of any reason suggesting the necessity of adopting more than
demand throughout being of a dragging character. Wheat
ordinary means of precaution.
has not varied in value, but has at the same time not been
The following return shows the position of the Bank cf pressed for sale. Contrary to New York, here there has been
England, the Bank rate of discount, the price of console,
no excitement in the trade. The wintry weather has not prothe price of middling upland cotton and wheat, and the Bankers'
duced firmness, neither has the fact that the markets have
Clearing House return, compared with the three previous
not been over well supplied. The speculation reported from
years:
America is altogether absent here it is purely a hand-to1885.
mouth inquiry which has to be satisfied, and that for the
1884.
1883.
1882.
ClronlatloD.exclndlng
2
«
«
time at least can apparently be done with values at their cur7-da}- <t other billa.. 24.6.i2.299 2.5,5^0,200 25.7B5.1.'>5
26,702,165
Pablto depusits
3,0ja,P24
rent level. The statistical position has not changed appreci3,M.54,2I2
4.410,152
3,«(i8,40/
Other deposits
26,97«,418 24.051,701 23,3S1,H3 23.197.H32
the
Govemm'tseourltlea. 15,223,767 14,0)9.9;H 13,G79.0i)S 1 2,581,0 >7 ably. Foreign importations were more liberal than in
Other securities
20,79.5,2'19 21.7slO,OSI 19.89a,625 22,H4.'j,2n5 previous week, but are still below the standard of last year,
Ees'veofnot«8&ooln 11.845,341 10,0Sii.009 12,0K0,2ti6
9,209,961
although the deficiency in the eight weeks' aggregate has
Coin and bullion In
both departments.. 20,747,631 19,832,209 22,095,371 20,162,826
been reduced to about 360,000 cwts. Shipments from America
;
'
NovEJinicR
THE CHRONICLE.
14, 1885.]
weather
are reported small, and a continuance of the preeent
ports and the
ivoulfl ni.an tlio early closinK of the Hultic
thi- uprliij?.
outtinK oir of our siipplii'M from that <iiiarti>r until
hIoi-Ijh
thereby re.Uicink' our foreiKn importations but tlie
held hero aro slill too large for the trado to be at onre inliuThe permaenc-ed bv nnv falling olt in the foreiKn roceipts.
nent t«tnl>ii»hment of an improve<l trade must bo left to a
iiuietnesa
later dale, and from now until the close of the year
may be expected to prevail.
Kiitflluli Fliiaiicl*! Marnew— Per Cable.
The daily i^l.wing quotations for securities, Sco., at liond<in
are reported by cable as follows for the week endlnn Nov. 13:
;
I
honaon.
Sat.
47>8
ft.
Bllver, pt<r oi
OoneolB for money
100»i«
Oonsolx for acoount.. ... 10a»ia
Fr'oh ronti'miii ParlB) fr 79-60
IIHV
U. B. 4»«ior l-ii)!....
D. 8. 4s of 1907
C»n;i(llH:i
Clilc. .^Iil.
Erie.
<'»>i
127««
PaniWo
8t. Paul
ft2ia
2;i'Ss
142
llli!i-it" ('••iitrsl
Ptinn;s. I'jtiiirt
PhllHiixliiliUA.
.^^.
.
1
1421s
86'8
im
Reading
New York rnntrsl
47>«
47 »9
100»9 1001 ii»
001
1
1003s
1,
79-9i<4 79-94
11«»8
llflia
127>8
127
52 "J
OH
23 So
98 M
A
iiHon Rtook....
'
UOH.
100 >g
100 1«
54 >9
9«"rt
9S»8
23^8
I4214
23 °g
Frl.
~47l*
lOOliB
1007,«
loui^is
477i«
1007,,
80- 17 Is
xi--.')38
121s
1109
10!) »8
I
108^
Week.—
week, comi>ared with those of the preceding week, show a
decrease in dry goods and an increase in general merchandise.
The total imports were 4;7.253,676, against f 7,333,291 the pr,?ceding week and |8,3«,341, two weeks previous. The exports
for the week ended Nov. 10 amounted to $6,120,866, againtt
17,816,270 last week and 15,714,073 two weeks previous. Th^
following are the imports at New York for the week ending
(for dry goods) Nov. 5 ind for the week ending (for general
merchandise) Nov. 6 also totals since the beginning of the
first week in January:
;
HEW TORK.
1885,
1884.
1882.
1883.
$1,785,191
7,137,085
$1,705,504
0,731,022
$1,411,555
6.624,506
$1,486,473
5,766.203
$8,922,276
$8,490,526
$3,036,081
$7,252676
ijen'lmcr'dlse..
$117,077,379 $109,611,915 $103.8.10.492
317,561.673 2!j9.416,2d5 268,539,410
$38,724,414
245,367.398
Total
$435,631,052 $393,028,190 $371,389,902 $3;!4,0i'1.812
4.''
1
week.s.
In our report of the dry goods trade will be found the imports of dry goods for one week later.
The following is a statement of the exjaorts (exclusive of
specie) from the port of New York to foreign ports for the
week ending Nov. 10, 1885, and from January 1 to date:
axpoars fbom wbw roaK for tsk wsbr
1882.
1
For the week...
Prev. reported
.
1883.
{
1884
1
$7,193,780
$6,958,823'
290,231,554' 301,102,409
72
7ft
85
83
55
3«
?,209,V2 20
Bangor H IMscataquis.—The Maine
made
Central Co. has
committee of the City Council of Bangor, Me.,
for the purchase of the city's interest in this road. The com-
pan.y offers to take the road for the amount of the city's
bonded debt, which is $1,235,000, paying 5 per cent interest
thereon until the maturity of the bonds. The city is the chief
owner of the road.
^6»8
1
Dry Goods
31
«
690,906 13 168,863,615 32; 9.679.781
1,112,418 86 168.623.097 H4| 9.840.494
817,2,10 13 ^8,671.21.1 2710,092.807
1,131,454 OS 16S,(i7ii,0.'50 77,10,120,(113
729,737 28 l«9,63-.",t83 41 10,193,078
727,585 15 168,544,432 76 10,509,618
20^
57>9
of Portland, Oregon. Onpltnl,
$100,000. L. L. Hiiwklns. Presldi-ut. J. P. Marslmll. Ciisli.
CHjiilal,
rirrtt National Hank of Groenw.iod, Nebraska.
$.-.0,000. John FitZKOiaUl, President. N. H. Mi-eker, Casli
3,404—The Ollizvus' National Hank of Newport, N. II. Caintal, $iO.OoO.
I>eandcr F. Doilne. Pre.sident. Perlcy A. Jolin.'ion t^lili'r3,405- The apital Natlomil Bank of Salem. OreKon. Capital, $7.-.,000.
R. S Wallace, I'residi-nt. .1. H. Albert. Cashier.
^„„„ ^„„
3,406—The Natn ual Bank of Savannah, Georgia. Capital, $200,000.
Herman Mver.-s. President. Thomas F. Thomson. Cashier.
3,407—Tlie .Tolm W.odmau National Bank oI Farmer City, 111. Capital
$50,000. .Matthias Crum, Pres.; C. M. C. Wecdnian. Cashier.
The imports of last
Imports asd Exports for the
Total
Since Jan.
95.'»,074
5,879,132 27
Ourrtnei/.
1
lOll*
3,402-The Alimwortli National Bank
Dry Goods
1,106,840 86
1,174,03H 63
7SB, 36 14
9
2C'8
113
3,403— TUo
<Jen'lmDi-'dl8e..
•'
Total...
I,o:43.Al4 31
Coin.
•
,100i<
I
National Banks.—The following national banks have lately
For Week.
11.
12.
13.
•'
C
851,032 12
an
-beenorutvnized:
rOBKIOH [HPOBTS AT
Nov. 7.
"
9.
" 10.
Paifmenlt.
SeetlpU.
Out*.
1271s
67
ll3g
or the above imports for the week in 188,'5, f 16,9^7 were
American gold coin and |8,484 American sUver coin. Of the
exports (luring the same time, $140,710 were American gold
coin and i)ll3,900 American silver coin.
United Stateft Hub-TreaHnry.— The following table showi
the receipts and payments at the Sub- Treasury In tiiis city, at
well as the balances in the same, for each day of the past week
'
35 's
142>4
11
107»i
11 'e
T/iurt.
79-82ia 80-0'.
1161s
127*1
5M-'8
107'8
10(i^
Wed.
Tnet.
549
1885.
*5..=143,248
$6,120,866
273,594,740
279,l74,-237
offer to the
Denycr Marshall & Boulder— Denver Western &Paflflc.
This company has been organized by the parties who last
spring bought the Denver Western & Pacific road at foreclosure sale. The new compmy has procured the right of way
from Buffalo Hill, the old terminm of the line, to Boulder, a
distance of eight miles, and is making preparations to build
that section. The road, which is completed from near Denver to Buffalo Hill, twenty miles, has not been operated for
over a year.
have received a copy of the new London City Quarterly Magazine for October, published by Mr. Effingham
Wilson, London. This seems to be a commercial and financial
publication, as its pages are in good part filled with articles of
special interest to business men, such as '-The Infancy of
Stock-jobbing," "Colonial Land Mortgages," "American Railroads," &c. A feature of importance is the Consular reports
from the different countries of the world as to the state of
trade. The magazine also contains articles on current topics
of interest to the general reader, among which may be mentioned "The New Votes and the New Men" and "Land Tenure
Reform." Taken altogether, the October number is a very-
—We
interesting one.
—The
well-known house of Messrs. H. B. Rollins & Co.
columns a limited amount of the
Toledo Ann Arbor & North Michigan Railroad Company's
This road has
1st mortgage 6 per cent gold bonds, due 1924.
been carried forward successfully, and investors will do well
offer
in our advertising
The location of
to look into the merits of these securities.
the road and its strength for commanding business may be
seen by reference to its map in the Investoks' Supplement.
Co., bankers and brokers, 16 and
Mes.srs. R. J. Kimball
18 Broad Street, New York, have Issued a neat little book
(easily carried in the pocket) giving a summary of statistics
relating to the principal railroad companies whose stocks are
sold at the Stock Exchange.
Auction Sales.—The following were sold at auction lately
by Messrs Adrian H. Muller & Son:
—
&
Shares.
Fire Ins., Alt).115
SOCoinmcree
101%
50 Seventh Ward Bank
58 Ithncii Giis Ught Co .. 53%
1 20 Western Car Co. (45* pd.) 15
20 Coiithieutiil Fire Iiis. Co. 225
9 Nat. Bk of the Kepiiblio. 118%
38 Phenix National Bank. ..104%
30 Citizen-» Gas L't.- B'kl.vn 90
96
1 Jlotropolitan Gas Lt. "
320%
20 Third Av. RR
Boston
RR.
Prov.
&
60 N. Y.
Sharf8.
20 Bowery Fire Ins. Co
135%
1 Membership N. Y^. Produce Exchange
3,050
Bonds.
$15,000 Brooklyn City Bridge
68,duei912
I40%&lnt.
$4.nOU N. Y. City 6s Central
Park Fund reit. 1887. lO'i^&lnt.
$1,100 Phila. & Keiidins RR.
7s conv.. due 189:1. coups.
from July 1. '82. attaoh.-d. 21!(i
166%
(.^toninicton Line)
132 Daytou A- Mich. RR.pret. 145^ $395 Phila. <t ReiulinK RR.
shows the exports and imports of specie
cert, of iudebtednosH. due
52 Cln. Gas Lt. & Coke Co.. 184%
Julv 1, '8 2, and unpaid cps.
311
2 Third A r. RK. Co
at the port of New York for the week ending No.v. 7, and
on from July 1, IS-'O
14%
RR
200%
Batt'y
K.
B.
&
10
D.
D.
since January 1, 1883, and for the corresponding periodn in
30 Iron Stwaraboat Co. (x.d 22% $2,000 VVahash & West. RR.
1884 and 1883:
2d mort. 78 e.xt.. due 1993. 98%
Ullca
100 Bridgewiiter &
$3.J0 Wabash & Western RR.
ISXPOKT8 AKO IMPORTS OP 8PECIB AT NEW TOBK.
I'lankRoad Co
$6
Total 45 week.s. ^$297,190,377 $308,2i)6,189 $279,137,938 $285,295,103
The following
table
)
.
20 Germania Fire Ins. Co. ..124
55%
20 8terlini! Fire Ins. Co
Imporlt.
BxportM.
(h,ld.
Week.
Qreat BrltAin
Pranoe
$1,400
West Indies ..........
Hexloo
Amerioa
A.11 other ooon tries.
Sontli
.
Tstal 1885
Tbtal 1894
Total 198^
Since Jan.l.
$319,090
12,:ui
64,461
5,530.859
Week.
*
472,850
20.i,515
SitictJan.l
*426.123
-2,2-<4.000
4.6:J-J.04l
11,707
4,833
8,266
l,25(i.273
?6,e77.2.'S0
$703,201
89.4'^n,74l
37.»!)2.086
1,1^0.139
1,872,910
15.56.',' 95
12,6i3,586
22,750
117,000
236'.i02
$141,150
17.500
7,.i50
676,093
S7,a58
749. i03
74,743
460,397
Silver.
Sreat Biitain
Pr^ne^
German.
West Initles
Mexico
South Ainerloa
All other nnantrlea. .
Total 1885
Total 1884.
Total 1883
$182,100 $12,1.59,318
632,706
17,645
143.168
240.405
i',206
13,900
sii'i'si
$
$27,904
19,569
3,60.5
503.rt«5
4,269
1,980
362 374
$214,845 «13.906.754
164,250 1 1.8110.499
253,391 13,325,377
730,178
10,-.66
685.026
$9,154
49,361
115,195
$l,fi.=i8.!i56
3.199313
5,266,075
197
2l8Nan){ntiick RR.Co
4 Araeriean Ex. Nat. B'k..l23
49
1 Clinton Hall Assoc'n
3 Kconomii-al PriutinK Co. 147
2 Merc.uitilc Nat. Bank. ...121
146
18 Prov. A 9ton. 89. Co
1.^0%
120 Wiirren RB. Co
167
10 Bank of America
29 Tradi-hmen'a Nat. Bank.l01''g
8 Bank of N. Y. Nat. Bank
178%
Association
6 Merchant's Nat. Bank. ..133%
40 Broadway & 7th avenue
RR
Bank
145%
131
28 Citizens' I"8. Co
$:not
20 Marino Nat. Bank
98%
Ice
Co...
Knlckc'lioi-ker
103
30 Knlekeiboi-kerlce Co... 98
A
DroButchers
50 Natl'inal
vers'
10 Leavy
Bank
&
146%
Britten Bre-w'g. 75
cortlf.
Interest
S9
J. 1st mort. aciip
-276
207
8 Sixth av. RR. Co
2.710
aOCheraic'il Nat. Bank
159%
100<;hathani Nat. Bank
27 MeclmnIC"' Nat. Bank. ..155
DroButchers'
<&
National
37
vers'
6s coup,
paid to Oct. 1, 1881 ..
64%
$1,000 City of New Y-'ork 58
Central Park fund stock,
118J«
due 1999
$1,000 Na.'sau Gas Light Co.
of Brooklyn 58, reg. cert.. 100%
$3.00J City of Broiiklyu 78
Perraaueut Water Loan cps.
I48%<l:lnt.
bonds, pne 1912
$1,000 Jersey City 78 Imp.,
H2%*lnt.
due 1894
$1,500 Midland RR. Co. of H.
95'r«
J. 1st ni. tis g. tr.due 1910
$100 Midland RK. Co. of N.
$80 Midland RR. Co. of N.
J.
st*ick soiip
$140 Citizen's Ins. Co scrip..
$20,000 Howe ."Uachlno Co.
1st mort. due 1K9'1. Oot..
11
78
'84, and subsequent coups.
20
attached
$ o.ouO Syracuse Blng. & N.
Y'. Ist oousol. mort. 7b, due
1
1906
$5,00.1 Scioto Valley
mort. 78, due 1894.
1885, oonpona o?
133%
RR. 2d
April,
49'^
THE CHRONICLE.
550
Coins.
'ght Mmxktxs' Oia^ette.
DIV lOENDS.
Per
When
cent.
Payable.
$4
Napoleons
3
X X Reichmarks. 4
XGuilders
3
''paa'hDoubloons.15
Mes. Doubloons.. 15
Books OCoted.
(Days inclusive.)
Fine scold bars
Fine silver bars ..
Dimes &, i« dimes.
Railroads.
Catawiesa, pref
Cbicaeo Burlington & Qulncy
Cleveland <fe Pittab., guar, (guar.)
31a
$2
15j
Nov.
Dec.
iDec.
15
15 Nov. 23 to Dec. 1
1
Nov. .11 to Dec. 1
WAX,!. STREET, FRIDAY, NOV. 13-5 P. M.
The Money Market and Financial Situation.— The
report of railroad earnings for the month of October, which will
be found on another page, makes an encouraging exhibit. The
increase in gross earnings over 1884 is not remarkably heavy,
but still it is .';o much better than previous months that it gives
rise to the feeling that the tide has fairly turned, and that
railroad traffic hereafter is likely to show a large increase over
observed that the railroads had not in
October obtained the full benefit of the advance in trunk-line
rates, nor had they yet secured that increase in tonnage from
the large corn and cotton crops which it is reasonable to expect they will have during the balance of the season of 1885-0.
The movement at the Stock E.xcliange hns been sustained
beyood the expectations of many of the oldest operators. Each
advance of .5 or 10 per cent in the favorite speculative stocks,
instead of satisfying the sanguine bulls, is made the basis for
another advance, and the large profits already accrued are
"When St.
])ointed to as an argument for new buying.
Paul was selling at 80, a further rise of 5 per cent
])robable
the
Street
than a similess
to
seemed
now,
when the current price is 08|.
advance
lar
which the
Armour
regard
to
this
stock,
in
In
pool is known to be so heavily ii.teresttd, there is a surmise
that the heavy receipts of wheat at Minneapolis may have been
for the account of the same parties interested in the stock; or
at least, that the grain may have been rushed forward with unusual haste .it this time for the purpose of making the road
show the large earnings that have recently been reported. On
this point, however, more evidence is needed before any conclu.siou can be formed.
The open market rates for call loans durins the week on
stock and bond collaterals have ranged at l@3j per cent, and
to-day at 1@3 percent. Prime commercial paper is quoted
is
also to
at 4@.5 p.
be
c.
The Bank
of England weekly statement on Thursday showed
a gain in specie of £76,416, and the percentage of reserve to
liabilities was 41^, against 38 13-16 last week; the discount
rate was advanced from 3 to 3 per cent.
The Bank of France
gained 280,000 francs in gold and lost 3,793,000 francs in
silver.
The New York Clearing House banks, in their statement of
Nov. 7, showed a decrease in surplus reserve of $2,979,400,
the total surplus being |28,058,000, against 131,037,400 the
previous week.
The following table shows the changes from the previous
week and a comparison with the two preceding years in the
averages of the New York Clearing House banks.
ISS.V
Nov. 7.
Differ'ncesfr'n
1884.
Previous Week.
2foi!. 8.
1883.
Xov. 10.
liOans and dls. ?340.958,90C Deo.$3,4 01.900 $290,287,900 $321,914,900
Bpecle
93.844,900 Deo. 3,189,300
80,166,800
54,19!^,900
Circulation...
9.9H3.000 Inc.
600
12.800.200
15,409. .^00
Ket deposits.. 380,768,400 Dec. 3,710.800 317,084,100 310,5i!3,700
liSgal tenders.
•26,799,800 Dee.
717.800
33,289,700
25,193,3CO
liCgdl reserve $95,192,100 Dec. $927,700 $79,271,025 $77,648,425
Beserve held. 120,614.700 Dec. 3,907,100 11.3,150,500
79,389,200
ggrpliis
»25,452,600
Dec .t 2.979.400 $3 4.125,475
Exchange.— Sterling exchange
$1,740 ,775
continues
very inactive,
though rales were fii-m until the latter part of the week, when,
after a temporary advance of one-half cent in demand bills, in
consequence of the advance in the Bank of England rate of
discount to 3 per cent, rates became weaker under a freer offering of security bills. Posted rates close at 4 83@4 85^.
To-day the rates on actual business were as follows, vii!'
Bankers' 60 days' sterling, 4
82J@4 82i; demand, 4 84}@4 8o.
Cables, 4 8ui ©485 J. Commercial bills were 4
80i@4 81. Continental bills were: Francs, 5 2i|@5
23i and 5 19f@5 20;
reichmarks, 94i@95 and 95|@9oi; guilders,
40@40i and 40^.
The following were the rates of domestic exchange on New
York at the under-mentioned cities to-day: Savannah, buying
i discount, selling par; Charleston, buying par, selling 'j@}
premium; Boston, par@2J premium; New Orleans, commercial, 75 discount; bank, nominal;
St. Louis, 25 premiumChicago, par.
The rates of leading bankers are as follows
'
:
November
Primebankers'sterllng
13.
bills
Prime commercial
Docomentarv oommeroial
Paris (francs)
Amsterdam
4 83
1
4
'.V.'.'.'.'.
(guilders)....'.'.'.".'
i^rankfort or
Sixty Days.
on London..
Bremen (reiohmarka). "!
!"
811494 811a
Demand
4 851s
so^a4
81
5 22iaa5 217^ 5 20® 1 19%
401i<ta40i8
40.1,6g4O«4
9478.i>95
_95%a»5i2
83
85
74
96
55
55
— 99%-9 par.
— 93 » - 95
Mexican dollars.. — 82ia9 - 83»s
Do uncommere*l. —
— 74'^a - 75
Peruvian sols
®$4 86
«
»
a
Silver I48
and
las.
Five francs
3 91
4 80
4 00
(1
'915 70
ail5 65
English silver
4 78 a 4 84
par« 14 preni U. S. trade dollars
83 a
1 02"8a 1 os^e U. 8. Bllverdollars
99\9 par.
—
- 99is» par
United States Bonds. — Government bonds have had only a
business and there is no important change in price»
small
except a fractional decline in the 3 per cent,?.
The closing prices at the N. Y. Board have been as follows:
4i«B,1891
41*8,1891
,
1907
48,1907
4s,
38, option
1884.
It
— The following are quotations in gold for various coins
Sovereigns
The followluK dlvldeada have recently been announced
Name of Oompany.
[Vol. XLI.
U.S..
69,our'cy,
68,onr'oy,
68,car'oy,
68,onr'oy,
'95..
'96..
'97..
'98..
es.rtnT.'^T'. 'PP..
'
Thia
is
Nor.
Nov.
Nov.
Nov.
Nov.
7.
9.
10.
11.
12.
11238 11214 ni238 1123a 1123.
11338, 113!fc US'* •11333 1131-2
12394! 1231s •12313 •12358^1235,
123 58, 1231s '1231a 123^1*123^
10358 103 n03ia 103i4*103i«
12838 12S36 •12838, *128-»8'*12838
ISOSg! 1305f *13058 "13058 *13058|
132 !Hi 132^ •13234 '132*1 13:!34l
134^9 134'^a •134't •ISl'^s "135
'137
*137
•137%
137 •137
,
Koo.
l3.
II214
i:3i«
123^
12334
'103 la
'12838
'13059
'132^
'135
'137
the price bid at the morning board : no sale was maae.
—
State and Kailroad Bonds. The business in State bonds
has been active and has included a large number of issues, as
follows
1440,000 Virginia 6s deferred at lOi— 13J; $114,153
do. trust receipts at 10— 13; |239,000 North Carolina .special
tax bonds at 6J— 7i; $40,000 do. 6s, 1919, at 115— i; $41,000
Tennessee compromise bonds at 00; $7,000 Alabama Class A
at 97; $.5,000 do. Class C at 93i; $14,000 Louisiana stamped 4s
:
73—73*; .$2,000 Missouri 6s, 1886, at 102|; $1,000 do.,
1887, at 105|; $1,000 do., 1888, at 108; $2,500 Georgia 69,
1886, at 102.
Kailro.ad bonds continue very active, and the majority of
issues have been strong and many quite buoyant.
Erie 2d»
have again had a large speculation, and the price has further
advanced, under reports of the successful pl.acing of the company's new loan and renewed rumors in regard to the payment
of coupons on the bonds.
The closing prices and range of a
few leading bonds are annexed.
at
Closing,
\Nov. 6. .VOD.13.
N. Y. I.. E.it Wear.. 2d oonaol. 6s
Atlantic & P., W. D., 1st, 6»
Tpxas & Pac. Rios, 68, coup. oiT
Miss. Kan. ,&Tex., f,'en., 6s,1920
General,
1920:
EnstTenn. Va. & Ga., con., 5s..
Income, es, 1931
West Shore Tru.<t Receipts, Ss. .
Chcs. & Ohio. scr. B, 68, coup, oil
turrcmy
Ches. O.
St. Louis
Fort W.
*
51'.
6s,
1918
Soutliwost., Ist, .'>-6s|
A .Sau Fran., gen., 6s..
& Douvir City. 1st. 68..!
89?i
4.'ji4
June.
83
69
.Mar.
243s
13I3 Mar.
89.1iNov.
84 Nov.
25 '8 Nov.
5834
901a
47
63
64''e
Sept.
9112
Feb.
92
Nor.
76
77%
4958
.Tao.
621a
44
10
Jan.
Jan.
7734 Nov.
64 34 Oct.
2138 Oct.
461-2 Oct.
Previous to September range
I9iS9
451a
4fiia
71
76
93 %
84
is
.591-j
641a
2034
Sc
1
1.
Highest.
24!li
30
1
j
83
fSifl
Incomes, 1910
Range since Jan.
Lowest,
33 -«
8634
9734
88
.4.1
ril
281a Apr.'
April
April
Jan.
July.
Jan.
5«
14
70
91
62
Mar.
Nov.
36 34 Nov.
79
34-',.
9714N0V.
90 Nov.
for the bonds.
Bailroad and Miscellaneous Stocks.— The activity and
buoyancy of the stock market continue and prices have made
further important progress in the ujjward course.
There are
evidences of increased confidence in railroad property, and this
has had its influence in improving prices still further, while the
strong pools in St. Paul and other stocks, b.icked up by the
purchases of outsiders, have exertea a force that has so far
carried everything before it.
The principal feature of the week was the practical settlement of the trunk-line agreement and advance in rates, which
was largely instrumental in assisting the upward movement byencouraging confidence in the future and general buying of
stocks.
This influence stimulated the rise in the Vanderbilts
and other trunk-line stocks, as well as assisting the grangers,
and the Vanderbilts were further influenced by a rumor that
Mr. W. II. Vanderbilt was a buyer and that Central and Lake
Shore were likely to show decidedly better earnings for the last
quarter of the year.
Several stocks have fluctuated independently of the general
market, under special influences, conspicuous among which has
been Western Union, various rumors having been circulated,
including a revival of one relating to a war with Baltimore
Ohio. .Jersey Central has not shared in the general advance,
but has fluctuated under conflicting rumors. The Eries have
been very strong, owing to the reported placing of the company's new loan on the dock property, and revival of rumors
that a coupon on the 2ds would be paid December 1.
A number of low-priced stocks have sprung into renewed activity which
had for a long time been neglected, and altogether it ap|)ear8
&
this week as if there was no abatement in the desire to buy
stocks and bonds of all sorts in the expectation of a further rise.
The strength of the London market has been something of »
feature also, and there has been .some increase in the demand
for our stocks for shii inent .abroad.
To-day, Friday, the buoyancy was up to its best i)oint, and
in the last two hours of business the sales showed activity in a
great number of stocks, including many low-priced specialties,
which sold up to the best prices made since the collapse of 1884,
NOVEMDEH
1-1,
1885.
THE CHROMICLE.
J
NEW YORK STOCK EXCHANGE PRICES FOB WEEK ENDING
551
NOVEMBER
AND SINCE
13,
niOHEST AND I.OWE8T PRICES.
STOCKS.
Saturday,
Nov. 7.
Arllvp
KH.
Monday,
[
Nov.
Tuesday,
Nov. 1(1.
0.
Stock*.
1
r.i.illc
40^
CtiimdnHiMitlM-ri)
421i
43^
42
43:11!
44%
42h 44%
4.->%
4.'>>2
0%
lt%
Cnnmllim
1
fSOU
4314
SOHsl
5OH9;
4414
02%
43%
.'>2%
44
44%
83121
44>4.
tii\
iS'^1
43%
53U MU
44% 46
4514
r.fn
4U
10
48% 48%
10% 10%
1
I»WMt.
(Sh'rex)
53!^
44>4
i
1
61 14
431a
43>4
WMk
Frlilny,
Nov. 13.
45
1,
Bang* tlnee Jan.
BalMi
of the
Wednesday, TUurndny,
Nov. 12.
Nov. 11.
i
JAN.
1,
1888.
Illghent.
54% Nov. 12
47% Oct. 21
3li\ Apr. 24
23 May 7
31
Mar. 25
22.325
37,265
7O.50O
16.497
2.770
19M.
52 Aus. 18
26%.Ian. 31 49 Nov. 11
3 Aiir. 7 10% Nov. 2
I7I2 *16% ]7'4l 17
I7I2 '1714 17's
17'4
17
2,4.50,
7 Apr. 7 1712 Nov. 1)
Ist pref.
17
D.i
13>.
12% 12% I214 I2I4I 12«9 13
13
13«4;
2,211
4%Ai>r. 22 13% Nov. 12
2ili>i-of...
11
12
lJi>
4(HI 128
.•137 13012' m7'4 13714*137 13!)
139 139
Jan. 2I39%.I(me 8
ClilonKo A Alton
1371s 137i2rl'''''a1->i>
135'.j]36
13.'):'- l«5%
t'lileni.'" KtirllnKtoii & Qiiliioy
1351a 13«'i 1.36Vi I36I2' 136'4 136H 1.36% 13H12 12,3iiii 15%.Fan. 2 13W1.J Nov. 13
!»3i2 051s
07'4 !)!>
!'3'4 05'4
0314 !).">Hii O.'iK! 07ia
97% 9«%378,H62 01% Juno H !l!) Nov. 12
C'hlcHi;!' Milwaukee &St. run
M,4(is 102
.Ian. 28
l!<% Nov. 12
Dii
11612117 ,1111 117'4 116 11(!'4 116i2ll7i2 117%JI!i:i 1 18% 119>4
l>ref
iiiitjiii2
iioiaiiiis: iionaiimj 111
112% n2i»n3:>. 112mi3it 122,175 84% Jan. 2 IKt'-Nov. 12
Chicago AXorthwcstom
I37I2 136l2 13(1". 137% 13712
I37I2 137l4l3?l.l 13714 137l4'*130
175 119% Jan. 2 139% Aug. 1»
I)i>
pref •136
10,2S3 105 .Ian. 2 130 Nov. 13
124
124>2 124i3i 124
124 I2412 124% 125i2 125 125.ti 125% 130
CliiciiK" Kook iKlaiiil & Paoltic
jyi.,
I6I4 16'2
loLj Kji,
161.1
15% 16
6% Mar. 31 1M% Nov. 2
17
18
1.752
17
171.J
C'hUai.1) jit. LimU A: Pittsburg
38i2 38-T|
3!)i2
!)<>
3612
38
40
88>2 38i2, SSifl 38I9
38% 39%' 3,625 11 July 1 1 41% Oct. 31
pn'f
40%' 21,040 18% Apr. 21 40% Nov. 13
3!)
30% 39I4 40I4 3!»
40
40N 40
30%; 30»4 40
Chicni.» St. Paul Minn. & Oni
102:iil03i.. 102% 103%
101%102iji IO2I2IO3
8,480 66 June 8 103% Nov. 12
prof
102 102'.| 102 '4 103
Do
62I2 62%
6214 63%
62'2 6.l:^
Apr. 30 (iO Oct. 21
6(1
6<>
621« 63I4
7,(H)5 23
63
(K)
Cleviliind Col. (In. & Indiaimp
Delaware I.ackawnnTuiit Wtn 11!)1h 120% IIOI4 12012 110'4 1201s 120m20% 120i2l21ii 120 121% 10.5,9SO 82% Jan. 22 122% Nov. 2
ISI2
181-.
18%
19
18%
19%
9,3351
4%Jnne25
19% Nov. 13
18>4
Denver A Rio Gr.iucle
18
17%
181h
181s
181s
6I4:
61.1
6
6% 6% 0,215 2% Jan. 15 7 Oct. 14
6% 6%
6% 6%: 6
5% 61^
East Trnucssoc Vft. A Cia
11%
4%Jnnell
12%Oet. IS
113|
11%'
ll'e
11%
11%
10,780
Do
pref
11%
ll%i
11%
10«8
11^
111m
65
64% 65
65
'63
631'8 0*
1,640 37% Jon. lOi 65 Nov. 12
Evnnsvillc A- Tine Ilanto...
62
62
64
64
65
21i« 2214
'21
24%
14
July
28
211.
24%
24
6,308
24%
Nov. 12
Fort Wi.rtli A DrnverCitv...
21
22
2214
24
22»a
6I2'
'6
'6
400
3 Jan. 6
6% 0'4
6% Nov. 4
<Jr>en liuy Winona A St. I'aii]
6'4
6%! '614
6^
'e
63t
63t
30 35 ^30 35
•31
33
•31
100 14 Mar. 26 37 Got. 21
33
Hon.ston A Texas Central
35
35
35
*3l
9,".() 119% Jan. 17 139% Nov. 12
139% 1391-j 138 138%
llUnoiij Cell? Till.
138 138
138 139
I8I4 18i< "if^'is'
191^
19
19%: 4,78(!
7% June 5l 20 Oct. 24
"is" "is" 18
Indiana BlooniinKt'u A Wcst'i
18
18-'H
l%July 8! 17 Feb. 21
111^1
n>% 10% 10% 10% 10% 10% 11
12
1,000
Liilie Krie A Wostom
Ills 11^
11
8OI1
32H,6.52
5034
80%'
881*8«%
Mav I2I 88% Nov. 13
85
87
87%
Lake .shore A Mich. Southern
84
85
86%
86^
875i
77
77
77% 77%: 2,09!) 62 Jaii. 2 77% May 2076% 77%: 77
Ijini: Island
775fe
51ij
47%
176,W35
.50%
22
Jan.
50%
51%
51
16 51% Nov. 12
49
I-iml»vil;e A Nashville
"ii'h
50%!
50%
"49»f
"45'hs
34
300 11% Jan. 6: 40 Oct. 28
34
LoiiK^. New All'. A Chicago..
ar^ 34765
ii's
113%
114%
11,930
Jan.
15 115 Nov. 11
ii4%
JIanliattan Elevated, consul.
100 10014 io9'i'o9>i ioo'iii
iiiiiiis"
"35
"35
37
'35
300 27%Jan. 15i 44 (Mar. 7
37
35
35
MemplM.i A Charleston
37
'74% "75% 75% 77%: 75% 70I4 76% 77
7936 10,455: 46% May 7: 79% Nov. 13
76% 77% 77
Jliehisan Central
22I2
20,030' 10% Jan. 26 26
Nov. 13
22
23
22
24
23% 26
Minn, apolis A St. Louis
22
2214
22% 22% 23
47>4 48
47
Do
47
47% 48% 49I4 .55%: 15,325 24% May 29 55% Nov. 13
47
47
pref
Missouri Kansas A Texas
27% 28% 27% 28% 27% 28% 28
28% 28% 29% 293S 30% 142,170 14% Jan. 22 301i Nov. 13
102
101% 103
101% 102% 1021410313 103 103% IOII4IO314 10,0141 89% Mar. 21 104% Oct. 31
Missouri Pacitlo
101
*13i2 15
I4I2
6 Juno 5 16 Oct. 19
14
14
15% 15i4|' 4,051
Mobile A Ohio
14
14
14% 15
15'4
4634 47%' 15,6501 33 Jan. 7 48% Nov. 10
46
ICashv. Chattanooga ASt. Louis
46"s
46% 47%: 4OJ4 4.SI2 47% 48% 47% 48
Kew York Centruf A Hudson. 102% IO3I2 103-4 IO414' 103% 105 105 106 105% 100 105% 106% 155,8.571 8134 Juno llOeUNov. 13
l%.May 5 10% Oct. 22
914 10%; 14,870:
New York Chic. A St. Louis.
9
9
8
8
9
914
8%
8
8
Do
17% 17% I6I2 17
17% 1834 21% 10,495 4 Mar. 25| 21% Oct. 22
pref. *17i4 1S1«
16% 16% 17
22
22
25
26%
26%
249,328'
9%
May 29! 27% Nov. 13
ITew York Lake Erie A Wosfn.
22% 22% 22% 24%
27%
23
12
12 23%
.50
51% 51
Do
44
54% 9,Slo: 18 Jone29 54%' Nov. 13
pref.
44
45% 47I2 4612 47I4 47
49
2Si2
28
2710
12
Jan.
Oct. 24
New York A New England.... 2812
27% 28%;
27% 28
28% 28% 28% 30% 10,195i
17, 31
14
New Y'ork Ontario A Western. 17 I7I2 18 18
17% I914 1914 19% 19% 19% 19% 19% 7,832[ 6% Apr. 14 19% Nov. 12
l%June
2
New Y'ork Susq. A Western. ..
6% 6%l 6% 6%, 6% 6%
7% 7%
7% 7% 3,220
7% Oct. 14
6% 6s
I8I4 Ififl! 18
I8I2
Do
4% Jan. 27 19% Oct. 14
18% 19
18% 19
7,050
pref.
17% 18
18
18
'III2 I214
8
Sept. 3 13% Oct. 24
Norfolk A Western
12
I2I2I *lli2 12I2
12
12
12% 12%
850
12-% 12%
33I4I
Do
pref
31% 33I4 32
31% 32% 31% 32% 31% 32% 32% 3234 8,900 14 July 3 34% Oct. 26
25 14 25% 25
Kortheru I'aeltlc
19,127 15 Jan. 17, 27 Nov. 13
25% 25% 25:is 25% 26
25% 2634 26% 27
Do
pref
55
55% 55% 56% 50% 58% 57% 59% 115,951 36% Jan. 29 59% Nov. 13
54% 55% 55
56%i
%June 3i 1% Aug. 14
Ohio Central
% 1
% 1
%
%
s 1
% 1
%
% 11,7871
Oliio A Mississippi
25
23% 2414 23% 2414! 23% 24% 23% 24% 24% 25
28% 36,740! 10% May 4 28% Nov. 13
7%Junc24l 17 Oct. la
Oido .Soutliern
15
n5 16
15
15% 15% 15% 15%
900;
I514 15%
Oreu'on .short Line
2712 271-1
'27
27
27
480 14% Mar. 21 27% Nov. C
27% 27% *27
28
'36% "3i% 71,155' 1034 Apr. 8 31% Nov. 4
Oregon A Traus-Continental.. 2si2 29I2 29
29%! 28% 2912 29I4 29% 29% 31
ISI2 I8I2
18i2i *17% I.SI4
Peoria DecainrEvansTille
IS
19% 20
7,110
7% June 9 20% Oct. 24
18% 20
17% 18
Philadelphia A Reading
21% 21% 22% 22% 24
20% 21% 20% 21% 21
23% 25 116,625 13 May 29 26 Oct. 22
•74
*70
Kichniond A Damille..!
7479
75
74
74% •70
250 44% Jt>n. 19 76% Sept. 19
75
'31
Eichnid A West P'nt Terminal 31
31
32
31% 31% 31% 31% 32 14 32% •31% 32
1.345 1838 May 29 3334 Oct. 19
5I2
EoelJ(!ster A Pittsimrg
5-%
2%Mivr. 11' 0% .\ug. 17
512
5% 5%' 5% 5%
5% 5%
5
5,440
5% 5%
22 '4 23 14
€t. Louis A S.au Franci-sco
22% 23% 22% 23
23
23 14 23 14 23% 23
23% 5,975 17% May 8 23% Nov. 12
Do
pref
44% 44
44% 44% 44% 45
4634 12,160; 30 Apr. 30 46% Nov. 13
42% 43% 44
46% 46
Do
lat pref
93
93
94% 95% 95% 96
96% 96% 90% 97% 96% 97% 2.221 79 May 12; 97% Nov. 12
8t. Paul A Dulnth
29
29
28% 28% 28% 28% •28% 29
28% 28% 28% 28% 2,220 18 July 31 30% Nov. 2
•87% 90
7' 92
Do
*H9% 9OI0
pref
89% 89% 90
90
1.760' 77% Feb.
Nov. 11
92
90
90
92
St. Paul .Minneap. A Manitoba. 104% 105% 105
105% 104% 105 14 105% 107% 107 108% 106% 107% 24,.555 7934 Jan. 2 108% Atig. 1
Texas A Pacitlc
20% 21% 20% 21% 20% 21
21
21% 21% 22% 21% 221m 48.0341 9i4Apr. 8 22% Oct. 19
62I4 212,520 41
Union Pacilie
57% 59I8 59 14 61% 59% 60% 60% 61% 01% 62% 61
Mar. 21, 62% Nov. 12
OI2
*9>4
914
Wabash St. Louis A Pacific...
9% 9%
9%
9% 10%
9% 10% 3,243 2 Apr. 30; 10% Oct. 19
9% 9%
I7I2 18
Do
pref.
18
18
17% 17% 17% IS
3,595
6% May 7 20 Nov. 13
18% 19% 19% 20
iniscclIaiieouK Stocks.
Aiueriean Tel. A Cable Co
70
70
70
673 51 Jan. 27 71 Oct. 12
69
69
70
70
69
'23% '23i.".
Colorado Coal A Iron
21 12 2312 '22% '24%
8 Jan. 3 25% Oct. 24
4,130!
23% 23% •23
23% 23% 24
100 12 101
Consolidated Oas Co
Mar. 21 104 Nov. 13
101
101
11K)% 100% 100% 101% 102% 103% 103% 104
5,.560; 80
98 14 99
Delaware A Huilsiui Canal...
98% 99% 98% 99
98% 99% 98% 99% 98% 9938 4,626 C6%Jan. 22100% Nov. 4
31
3112
29% 30
31% 31% 1,089 21 Jan. 3 34 Feb. 20
98
99
98% 99% "97% 'os' 98
98% 98
99% 9934 100% 7.117 59.34 Jan. 29 101% Not. 2
PaeflleMail ..."
50% 56"8' 56>4 56% 56% 5(!'2 56% 57% 57% .59% 58% 60
76,111; 46%Sept.l8 (>2% Mar. 9
Pu'.lnian Palace Car Co
130% 132 •131 132
131 131 131 132
131
830107% Jan. 2 133 Oct. 17
131
lEU 131
Western Union Telegraph
77% 78% 76% 78% 75% 78% 77% 78% 77% 78% 77% 78% 212,524] 53% Jan. 2 813^ Nov. 2
Ceiiiriil
i.f
Ni'W Jcraey
I'oillrill l*:U'lllo
Chesftjvako iV
.
!l%
Ohio
.
46%i
10
AShi
45% 46%! 46%
9% 10
o:u
45ifl
48i9
4i)
I
loiji
I714'
!
10
17
13
>
i
!
1
1
.
.
1
.
.
.
1
.
.
,
1
,
!
i
1
!
1
i
)
<
!
I
|
1
,
)
'
I
I
i
1
1
'
'
1
,
!
[
j
!
!
1
t
!
1
1
!
i
1
!
.
'
I
;
1
!
'
1
i
1
1
Express Stocks.
Adaius
American
United States
Wells. Fargo A Co
•140
'140
144
103
62
•117
103% •101
145
142
102% 103% 102% 103
103
•60
118
•140
144
104
62
62
60
118 "4 11814 117
62
110
iDRCtlTC Stocks.
Anieriean
Atlantic
A
I>istriet
Telegraph.
Pacitlc
Bankers' A .Merchants" Tel..
Burling on Ced. Hitpids A No
Central Iowa
28
28
10%
III2
-2
28% 28%
10% 11%
•2
3
76
3
76
10%
2
75
12% 12%
'V3% 13%
28
13
144
•140
60 '4
'60
118% -117
63
120
10% 16%
11
2%
75
13
"ii"
20% 20%
Rlv...
Manhattan Beach Co
19"
•di" "22"
"'26"
loosii"
2%
*(iO
118
lis
"lOSg
2%
3
20% 23%
14% 14%
"bi" •20
21%
16% 80,580
"
"35"
35%
16% 17%
y4%"i4%
-W
'21% 21% 21%'
51
.52%
51% 52%i 52
129I3 I29I3
Morris A E.ssex
129% 129% •129% 132
1291412914;
"98" "98"
New Y'ork Lack. A Western.
96% 97
98
98
2112" 262";
New York New Haven A Hart. 20614 20614 200% 2OOI4 200% 201 201 201%
146" 140" 140 140
Pittsburg Ft. Wayne A Chlo
140 140
140 140
Do
special. 130
130
Qulcbdlver Mining Co
.!
10>2 10% "'9" 16% no" "16% "*9
16% "9% "9% "9" "914
D,
31 12 31 12
25 30
pref...
32
31% 31% 30
30
29% 29% •29
^
Eich.A Allpg., stock trust ctfa.
4% 4%
4% 4%
4% 4%1 "43" "45"
4% 4%
45I2 •45
fit. Louis Alton ATerre ILiute.
•45
42 46
43
47
Do
pref
85
85
85
85
Cameron Co.^I
"is" 14%; 14% 15% "15" "iVi'iI 16% 17% 17
17% 17% 17%
Honiestake Mining
21% 21% 22I4 22'4
"13" "13"
13" "13"!
Maryland C >al Co
131^ i'sii
13
13
New Central Coal
III2
11
12
12
12% 12
12% 12% "12" "l2%l 12% 13
Mil-.Liike Shore
Do
A
Western..
51
pref.
'.'.'.'.'.'.
50% 50%
51
50%
51
52
'.'.'.'.'.'.\
.
.
1
1
'
t
1
i
'
'
'
'
Ihe«e are the prices bid and oaked no sale was made at the BoariL
;
30
2O1
15
5
Feb. 4
Feb. IH
80
Ang. 20
Jan. 31
Nov.
«
30
11% Nov. 6
Oct.
34
57
1,125
7
100 29
40 134
Sept.
Nov. 13
4
Oct.
1434 o,t. 24
36
Nov.
9
142% Nor. 7
Nov. 13
7,066
1
17% Nov. 12
498
Oct.
2(i
Mar. 17
19%
14
600
Oct.
510 10% Sept. 3: 18% May 19
14:
Nov.
Oct.
21%
6
800: 16
June 1 .52% Nov. 13
2,300; 29
Nov.
11434
Jan.
2
130%
2
134
2; 98% Nov.
4
1S4 81% Jan
175
Jan
2
202
Nov.
13
337
Sept. 16
7(>() ll!)%Fel>. 17140
100 120 Mar. 9;i30 Nov. 4
3% July 111 11% Nov. 5
1,400
500 22% Sept. 19 33 Nov. 5
1
Miiy 22
5% Oct. 26
80O
6<Ki; 15
May 1 51 Oct. 21
200: 75
Aug. 15' 91 Oct. 21
5% July 24! 17% Nov. 12
8,000
165 10 Jan. 30 22% Nov. 10
600
7%Aor. 6! 14 Nov. 4
4% May 27' 13 Nov. 4
1,810
18
7
"43
2119
Mar. 28
8% Oct.
28
1
34
2 145 Sept. 3
3 104% Oct. 19
2 62% Oct. 15
j
10
2,400
5
13% "14"
13% "14" 14"
"
A Mi>soun
10 130 Jan.
486 87% Jan.
143! 48
Jan.
79 104% Jan.
144
102%
62%
350
28
"35I2 37
Charlotte Col. .V .\ug
36
36
Ckve aid .v Pii tsourg
14212 14212
2"8%"28% "28% "36" "so" "83
Columbus Hocking Val. ATol. 26% 28
E izabitl t Lex. A Big Saudy •14 16 •15 16% 15% 15% IS 16%
Louisiana
1
144
102
145
103
63
118
Aug. 25 43
THE CHKONICLE.
552
QUOTATIONS OF STATE AND RAILROAD BONDS.
STATE BONDS.
SKCUKlTIiS.
Alabama— Class A,
6s, 10.20s, 1800
Arkansas— 6b, fuuded
Ft. S. 189.
7s, L. Kock
7s,
N.O.
78, L. R.P.B.
B. R. BE.
78, Ml89. O.
&
&
&
Memp.&L.EockRB
KB
7s, Arkansas Cent. BB.
Georgia— 68, 1886
7s. 1886
7s, gold,
98I3
1890
Bid.
84
73
Stamp
105
94
Class B, 5s, 1906
Class C, 48, 1906
BKCURlTiaa.
Louisiana— 78, Qon8.,1914
Ask.
Bid.
1906.
d,
4a
Missouri- 6s, 1888
6«, due 1889 or 1890....
Asyl'm or Univ.. due'92
Funding, 1894-95
Hannibal & St. Jo., '86.
New York-8a, reg., 1887
9
15
15
15
15
8
S02
103
113
1891
1892
1893
1041a N. Carolina— 68, old, J.& J.
FunrtiuK act. 1900
68, loan,
68, loan,
68, loan,
[Vou XLI>
NOVEMBEa
8ECUB1TIK8.
Ask.
13, 1885.
SECUBITIES.
Ask.
Bid.
N. Carolina— Continued-
New bonds, J.&J., '92.8
Special tax, aU classes..
73 'i
102 12
Do
20
68,
II8I2
104
104
112
116
117
non-fundable, 1888.
.10
10
6».
51
61
42
42
68,
SO
55
55
12^
12
deferred
District of Columbia—
3-658, 1924
S
new, 1892-8.1900
1914
series,
Virginia— 6s. old
68, new, 1866
6s, consol. bonds
6s, ex-matured coupon.
68, consol., 2d series
Brown
consol'n 68, 1893
Tennessee— Ba, old, 1892.8
new
C'nip'mi8e.3-4 -5-68,1912
7
Wil.C.&Ra.B.
"90 "a
Consol. 4s, 1910
68,1919
116
Ollio— 68, 1886
105
South Carolina—
68, Act Mar. 23, 1869 )
513
1091a'
113>Q,
—
Tennessee— Continued—
61
51
Beglstered
Funding
1899
58,
RAIIiROAD BONDS.
SECUBITIES.
SECURITIES.
SECUBITIES.
A W.— Contln'd—
Morris & Eaaex— Ist, 78
Del. L.
Railroad Bonds.
1891
Bonds, 78, 1900
7sof 1871,1901
2d, 7s,
(Stock Exchnime Prices,)
Atcb. T.&S.Fe—4 "28,1920
Sinking Fund,
68,
1911.
Atl. & Pac— lat, 6s, 1910.
Baltimore & Obio
1st, 68, Park. Br., 1919.
6s, gold, 1925
6s, gold, reg
Bnr. C. Hap.& No.— l8t,5s
Consol.
&
&
col. tr., 58,1934
83^4
107
1921
Buff. N. Y. <t
General, 6s,
97%
981a
P.— Cons.63
401a
1st, reg., 7s,
1910
Trust Co. receipts
Den.So.Pk.& Pac— lst,7s
1st, consul., 78,
Den.&Rioa.West.— l8t,6s
Det.Mack.ifeMarq.— lst,6a
Land
1st, cons., 5s,
l8t, 6s,
1920
Eliz.Lex.&BigSaudy— as
Erie — Ist, extended, 78...
2d, extended, os, 1919..
3d, extended, 4 I2S, 1923.
4th, extended, 58, 1920.
5th, 7s, 1888
Ist, cons., gold, 78, 1920
Ist, cons., fd. coup., 73..
Eeorg., 1st lien, 63,1908
Long Dock b'nds, 78, '93
CMC.
B.N. Y.& E.-l8t,7s,1916
N.Y. L.B.&W.-N'w2d88
CoUat'l trust, 6a, 1922
137
104'i.j
1930
Ex coupons 9 to 12 ...
DivLsioUiS 58, 1930
Eliz.C.& N.— S.f .deb.,c.,6s
2d, (360), 7s, 1898 ....
2d, guar. (188), 78, '98
ioiii
A
& G.-lst.7s,1900
grant, 3iaa, S.
E.T.Va.
Miss.R.Br'ge— l8t,s.f.6s
136
1921
Denv.A Bio Or.- 1st,, 78.
guar. (564), 73,'94
Div.- S. fd., 5s, 1919
Sinking fund, 4s. 1919
Denver Div.-^s, 1922..
Plain 4a, 19'il
C.B.I. & P.— 8s, op., 1917
68, reg., 1917
Ext. & Col., 58, 1934...
Keok. & Des M.— 1st, 5s
Cent, of N. J.— 1st, 78. '90
lst,cons.assent. 78, 1899
& Sar.- lst,cp.,7s
Bens.
1924
Burl. & Quincy—
Consol. 7s, 1903
6s, siuking fund, 1901
68, debentures, 1913..
—
&
lat,con8.,guar.7s,1906
lat,con8.,guur.6s,1906
.._
Can. So.— lat, int. guar., 58 102 'a 103
8318 83 la
2d, 58,1913...
Beg., 58, 1913
Central Iowa— lat. 7s,'99t 103 14 105
61
East. Div.— 1st, 6s, 1912
65
lU.Div., lat, Ha, 1912 ..
60
Chesapeake & Ohio
Pur. money fund. ,1893. IIII4
101
68, gold, series A., 1908. 100
75
6s, gold, series B., 1908t
77
68, currency, 1918
34 ij
91"
Mortgage, 6a, 191 1
100
86I3 871.J
Ches.O.i&S.W.— M., 5.68.
Chicago & Alton—
ai9iall9-i8
l8tmort.,7a, 1893
I20I4 122
Sinking fund, 68, 1903
La. iS Mo. Biv.— l8t, 7s. 121 1124
2d, 7s, 1900
1181a
II8I2
St. L. Jack. & Chic— l8t 117
1st,
1st, ext., 7a, 1891 ...
7s, 1894
Registered, 7s, 1894
1st, Pa. Div.,cp.,7s,1917
1st, Pan. Div.,reg.,1917
Alb.
Susq. 1st, 7:
Coupon,
108 »8 109
Minn.ife St.L.— lst,78,gui *130
West.— 1st, 7 110
la. City
C. Bap. I.F.& N.— 1st, 63 107
1st, 6s.
78
N. y. Lack.<fc W.— lst,68
Construction, 58, 1923
Del. & Hud. Canal— l8t,78
Buff.&S.W.— M. 6s,1908
llOia Ev. & T. H.— Ist, cons., 68
9812
Mt.Vern'n— Ist, 63,1923
la.
97
1321b 1321a
131=4
11018
123=4
—
•831a
2d, 68, 1923,
971a 105
N.Y.W.Sh.&Buff.— Cp.,5s
il3
100
C—
.
.
C—
1
.
Bscanaba & L.S.— l8t,6s
Des M.&Min'ap.— l8t,78
Iowa Midland- 1st, Ss.
Peninsula— Ist, conv.,78
Chic.&Milw'kee— l8t,7s
Win. eft St. P.— l8t,7s,'87
1381a 138-8
132 13
128
No. Wis.- 1st,
6a,
1930
St.P.<SiS.C.-lst,0s,1919
Chlo.A.E.lU.- lat.s.f.cur
Consol., Ist, 6s, 1934.
Chlc.St.L.&P.— l8t,con.68
Gen'l mort., 6a, 1932
Ohio. & St.L.— lst,B8,1915
C0I.& Ureen.— l8t,6s,1916
2d, es, 1926
Ool. H.Val.A Tol.-i8t,'6a
Long
'89
lal.
coup., 1st, 7s
reg., lat, 7s ..
coup., 2d, 78..
reg., 2d. 7a
BB.— lat, 78, '98
1st, consol.. 58, 1931100=4 Loui8V.& Naali.— Cons. ,7s
130
Cociliau Br'ch. —78,1907
1151^
1.30
120
1281a
121
1201a
106
109
122ij 123
1.J
—
S.
130
123
118
106
90
113
& N.Ala.—S.f.68,19l6
Louisv. C. <fe L.— 8s,1931
Trust bonds, 68, 1922
10-40,68,1924.1...
Pens. AAt— lst,(!s, gold
Erte*W.-lat, Os. 1919
Siindusky Div.— 6s,1919
& il.— lat,68,1919
L.
ioaia
Lat. Bl.
103
102
Louisv.N.Alb.&C- l8t,88
*75
1.34
General mort., Bs, 1914
Lou. N. O. & Tex.— Ist, 5s
Manhat.B'cli Co.— 78,1909
N.y.*M.B'h-lst,78,'97
Metpn. Elev.— lBt,78,1008
2d. 8». 1S99
No prKjes Friday
;
951.J
'99\
89
851.J
85=4
Gen.,2d
gold, 68,1933. cp.or reg.
Pac— lst6s.g., 19201
Norf.&W.— Gen.,
99=4
90
86
87
72
Ohio&Mi88.-Cons.8.fd.7s.
Consolidated 7s, 1898.
2d, consolidated, 78,1911
IstSpringlleld Div., 7s.
.
Ist, general, 58, 1932...
Ohio Cent— l8t, T. Tr., 6s
1st Min'l Div., 68. 1921.
Ohio So.— 1st 68, 1921 ...
Oi eg'n& Cal.— I8t6s,1921
Or.&Tran8c'l-6s,'h2,1922
Oregon Imp. Co.— 1st,
Debenture,
Pitts.
Pitta.
Land
B., 6a.
grant bonds, 8s.
Bonds, Ba..
107
Cairo .\rk. & T.— 1st 7s
104 104=4
Gen. r'y & l.gr.— 68,1931
137 Is
St.L.Alton * T.H.— lst,78
1371s;
2d, pref., 78, 1894 ...
2d, inconio, 7a, 1894
136'
Bellev.& So. 111.— 1st, 8s
136 137
StP.Minu.&Mau.— IstTs
128 14 128
..--.
2d, 6s, 1909
Dakota Ext-Bs, 1910
'66=4 "5'8
lat con.sol., Ba, cp., 1933
58
57
1st cohsol.,69, reg,, 1(133
124% Min's Un.— 1st 6a. 1922
114
SfeP. & Dul.— lat, 5s,1931
87 = 87 'i So. Car. R'y— 1st, Ba, 1920
69
64
2d, 88. li)31
Shenand'hV l8t7s,1909
General. 6a, 1921
3d, 78, 1908
Pac of Mo.— 1st 6s
2d, 7s, 1891
54
05
Bs, CI.
Ba, Class C, 1906
68. Class B, 1906
1st, 88, Pierce C.
O.
Equipment, 78. 1896..
Gen. mort, Bs, 1931 ..
&
So. Pac. of
Income
00"8
70
ii6=.i 1171.;
107=,
these are latest quotnUons
ife
G., 88,
IIOI4
Gen. mort tft ter. Bs
Pennsylvania RR.
62
99
made this week.
112=^
109=1 i'1'6"
114
'111
'103%
'115
113
118
116
114
113>4
117
il5
108%
107
61
25
101
89
69
i'2''2"
122
112
95
75
81
91
& W.— 1st 78, 1917
Trust Co. receipts
Tex. & N. O.— lat 78,190,-)
Sabine Div..-lst,6s,1912
Tol. P.
100
96
124
124
Va. Mid.— M. inc., 6s,1037
Wab.St.L.&Pac— Gen.,6s
99
Cbic. Div.— 5s, 1910
....
Hav. Div.- 6s, 1910
Iowa Div.- 6s, 1921
.
90
92
116
96
69
"
'78'%
69=«
49>*
78=8,
65
-
-
Ind'polia Div.-68, 1921.
Detroit Div.— Bs, 1921..
65
Cairo Div.— 58, 1931 ...
Wabash- Mort, 78,1909 '65" 75
-
97
90 If
93
113%
i'1'3"'
109=4
IstStL. Div., 7s, '89.
2d, ext, 7s, 1893
08 14
Equip'tbds.. 7s, '83.
Conaol. conv., 78, 1907
Gt Wost'n— 1st 7s,'88
.
2d, 78,
1893
Q.ct Tol.— 1st "8, 1890
Han.
& Naples— lst7s
101% 102
98 la25
82
83
108 « 10»
98% 99
88
95
lU.&So.Ia.— lstex.,69
"
StL.K.C.&N.— R.C78
id'7
7s,
88
Omaha Div.— 1st.
IO2I4
ib'rii
90
55
Clai'da Br.— 88,1919
10318103%
i
1
St.Chas.Bgc- Ist.Bs '96% 95
No. Missouri — Ist, 7s, 114% 115
WestUn.Tel.— 78, 1900 .,
78, 1900,
reg
N.W.Telegrapb.— 7a,1904
Mut. Un.Tel.-.S.fd.6s,1911
117
102 "e
HI
& Pac—
* E. 111.— Income
'
24
24=9
'20=8
"ioH
•27%
23
28 14
Gr.BayW.&StP.-2d,inc,
Ind.Bl.LtW.— Con., inc,6s
Ind'sDec.ift Spr'd— 2d,inc.
Trust Co. receipts
Leli. & Wilkeab. Coal— '88
Lake
•96
B * W.— Inc., 7s.'99
Sand'kv Div.— Inc.,lSI20
98
92
99
•84
86
IO318 103=4
113
103 If
•22
•81
25
100
24
21
28
23
Laf.Bl.A'Mun.-Inc.,78,'99
Mil. L. Sh. ifeW— Incomes
•24'V,
Mob.& O.— l8t,prf.,doben.
84
«H
30
30
52
2d, pref., debentures
3d, pref., debeuturcs
4th, iiref., debentures.
-
-
N.Y.LakeE.*W.— luc.Bs
—
—
—
Ohio C. Min'l D. Inc. .7s
IOOI4 101
Ohio So. 2d, inc., 6s,19'21
101
101% PeoriaD.i', Bv.— Inc., 1920
Evansv.Div. — Inc., 1920
Roch.&Plttsb.— Inc,1921
105
108
97
Rome W. & Og.— Inc.,
7b.
85
65
34
32
"
'S'i
38
52
38=8
So Car. By.-Iuc, 63, 1931
StL.A.&T.H.— Div. bds.
84
48 1<
69%
"32%
89%
37
70
39 <a
36
60
Free List.
Cin & Sp.— latCCA I.,7s '113 114
Ist g.. L. S. <& M. S.,7s. 117 120
Col.C.A Ir.Co.— lat,con.6s
85=4 .87
Ft W. & Denv.
C— lat, 8s
Iron Steainb.Co.— Bs.lyOl
87%
•76
102% Jeftorson-lst 78, 1889... 109%
102
Mem. * C— latcon..l9I5 119%
Te\-..«r St 1..— g™. IstBs
'43
t
81 »4
,
E.T.V.<feOa...Inc,6s,1931
1001,
i'2'i'"
Income Bonds.
(InteveM- imituhk if earned,
Atl.
Inc., 1910..
Central of N. J.— 1908 ..
Cbic
109=8 110
99
W.— 1st ext.,
7s
T0I.&
'91'
.
Pa.Co.'8guar.4 laa.lstcp
Pa. Co. '8 4 las.reg., 1921
Pitts,C.,«-st,L .-Utc..78
112
108%
84%
Tol.&O.C— lstg.,58,1935
89 If
88 Tj
—reg.
Aug. cp. on
ex Aug. cp.
60
110
7s, 1911
& Burl.— Main. Ba
lat Dayt Div.— 88.1910
lat Ter. trust 6s, 1910.
111
Mo — IstSs 104%
Id. gr.
46
II5I4 116
Tol. Del.
Tex.& Pac— l3t,6s,1905
Bio
119
lat
96=4
69
87%
11
•114
105=, 106
A
StL.&S.F.— 'id,
68=4
109% 109%
—
C.Br.U.P.— P.c.,7a,'95 »103
99
6,
813j
48% Sodiis Bay& So.-.l8t,5s,
76% 78% Tex.Ccn.— lst.8.f.,78,190l
4618
Do
53, 1907 •92%
Kans. Pac— 1st, 88,'95 112
Ist 69, 1898
112
AtC&P.— Iat68,1905
At J.Co&W.— 1st (is
Oreg. Short L.— Ist 68
Ut 80.— Gen., 78,1909
Exten., Ist, 7s, 1909
Mo. Pac— 1st, cons.,
107%
113
103
67
Debenture Bs, 1927
111%
Atl.&Ch.— lat, pr.,78,'97
Incomes, 1900 ..
101% SciotoVal,— 1st, con8.,78.
105=4 106
St L. & Iron Mt— 1st 73
113
2d. 7s, 1897
125
Arkansas Br'ch — Ist 7s
103
Cairo & Fulton— lat,
I
Denv.I)iv.6s,ass.,'99
107 14
1922
105
West. Pac—
111
No. R'way (Cal.)— IstBs' 112
So. Pac. of Cal.— 1st, Bs. 102i8ll02=8
So. Pac of Ariz. — 1st, Bs
99
.So.Pac.of N.Mex.-lst,Bs
98%!. --Union Pacitic — lat, 6s.- 115%] 115=4
Land grants, 7s, '87-89 105 %i
Sinking fund. 88, '93.
121
Reg., 88, 1893
Ist, consol.. 8s, 1919.
6s,
McK. & y.— 1st, 6a.
Con., 1st ext, us, 1922.
Boch.&Pltt.— Ist 6s, 1921
91=4
Consol., Ist 8s, 19221 ..
77=1 Kich.*Alleg.-lat, 7s,19'20
1121^ 113
Truat Co. receipts
•77
80
Rich.&Danv.— Cona.,g.,68
78, 1887....
&Or.— Sor.
& Tol.—IstBs
June— 1st
RonieW.& Og.— l8t,7s,'91 111%
117%
Pac.ER.— Con. Pac— G.Bs 113 113=4
San Jojiquin Br.- 6a.. 108
Cal. & Oregon — 1st, Bs 102 ij 104
Cal.
1808
•102
91 ,
77=8
Panama— S.f., sub. 88,1910 •98
Peoria Dec & Ev.— lat, 8s 100
Evans. Div.— Ist08.1920
96
Peoria & Pek. U'u— Ist.Os 106
Do
1071...
130
120
100
6a.
Oreg'nRR.&Nav.- I8t6s.
i'2'8ii
110
.
2d,guar., 78, 1898
Consol.. 89, 1905t
85=8
971a
'gdii
«77
1931
(is,
New River— lst,6s,1932
t, 6s, 1892.
Pltts.Cleve.
M.ER.& I.g.s.f.,
N.O.
s.
2d, 78,
Hl\
•11014
.
1291a
•122 la
Registered, 6s, 1921....
& P.— Cons 8 fd.
4th,
N.Y.N.H.&H.— l8t,rg.,4s 112
N.Pac— G.l.gr.,l3t,cp.,63
Die v.
BtL.V.&T.H.— lst,g.,78 122
Collateral Trust, 68. .
103
N.O.&Mob.-.l8t,68,1930
"85"' i'od=8
2d, 6s, 1930
86
E. H. <fc N
Lst, 68, 1919 115
118
General, 6s, 1930
105 1061a
Pensacola Div.— 6s,1920
94
91
St. L. Div.— 1st, 6s, 1021 10614
2d, 38, 1980
52
Nashv. <ft Dec— 1st, '78. 118
791a 80
I)el.r.AW._78,conv.,'92 118
Mortgage, 78, 1907.
139
-Syr Bill
^*N.Y.— lst.7al
Consol.,
Consol.,
Consol.,
Consol.,
1171a
1201a
Chlc.&W.Ind.— 1st, s.f.,6s
'101=((
Lake Shore — Div. bonds 126'
9818
122 ia
1X7
78.
Det.M.&T.— lst,7s,1906
103
129
.
& Ash
80
Buff.&Erie-.New bds,78 122
K'al. & W. Pigeon- 1st.
108
ids" 1031a
i-j
Tol.— N bds.,7s
Ji
Cleve. P.
106 la
1907
C.C.C.<feInd's— l8t,78,8.fd.
Consol. 7s, 1914
Consol. sink, fd., 78,1914
General consol., 8s,1934
Chic. St. P. Min. & Om.—
Consol. «s, 1930
C.St.P.&M.— Ist6a,1918
Cleve
1151a
106
122
MU.& Mad.— Ist,6s.l905 116
Ott.C. F. & 8t.P.-l8t,5a 108
2d, 7s,
Stamped 4 p. c, 1911...
Lake .Snore & Mich. So.—
117
102
lis
124
.
H
2d, 7s, 1905
.
105%
Begiatored, 58, 1931.,
104 14 104=^
Jack. Lau.& Sag.— 68,'91
115
Milw. ift No.— lat, 68, 1910
l.st, 68, 1884-1913
117
Mil.L.S.&W.— l8t,6s,1921
117
Mich. Div.— Ist, Bs, 1924
133 135
Minn.&St.L.— l8t,7s,1927
Iowa Ext— Ist, 78, 1909
llOia llliai
•2d, 78, 1891
1'28
.S'thw.Ext.— l3t,7s,1910
1291a!
1161.1
Pac. Ext.— lat, 6a, 1921
143
141
MO.TC.& T.— Genl.,68,1920
141
General, 5s, 1920..
II9I4 120
Cons., 78, 1904-5-6
84 14
84
Cons., 2d. income, 1911.
83=4 84
H.&Cent.Mo.-lst,7s,'90
81 14 Mobile Lfe OJiio New Ba..
81
711a 73
Collateral trust, Bs, 1892
30
Ist, Extension, Os, 1927
Morgan's La.&T. — 1st, 6s
iis"
Ist, 7s, 1918
64=4'
64 14
Na8h.Chat.&St.L.— l8t,7s
57 14 571.;
2d, 6s, 1901
96
N. Y. Central— 68, 1887
Deb. certa., extd. 58
N.Y.C.*
—lat, cp., 78
05 % 95 13
l.st,reg., 1903
124
Deb., 68, 1904
110
Harlem— 1st, 78, coup..
105 14 106
1st, 78, reg., 1900
110
N.Y. Elev.— Ist, 7s, 1906.
1091a 110
N.Y.P.& O.— Pr.l'n,Bi<,'96
126 Sji 127
N.Y.C.&N.— Gen,,6s,1910
1191a
Trust Co. receipts
"
N.Y.& N. Engl'd-l8t 7st
126 1'23
Ist 6s, 1905
t
133
N.Y.C.&StL.-lat68.1921
84'
West. Div.— 1st, 5s
901a
2d, 6s. 1931
108 la'
Gr'nBayW.&StP.— lst,i
77
110 111
Gulf C0I.& S.Fe.— 78,1909 116
107=8107 "8
79=4
Gold, 6s, 1923
Conv., assented, 7s,1902 108^4 112
Han.& at. J.— Con. 68,1911 117=8lll7ia
Adjustment, 78, 1903... 1091a
Hend.Bridge Co.— 1st, 6a. 104''8 106
Conv. debout., ()S, 1908.
6418 65
99=8
H.& ex
lat M.L.,73f
99
Leh.&W.B.— Cou.g'd.as, 106 's
Ist, Western Div.. 78t
94
951a
Am.D'kilmp.— 08,1921 851a
Ist, Waco <& No., 7st
95
Chic. Mil. & St. P.—
2d, consol., main Hue, 88
78
Ist, 88, P. D., 1898
134
2d, Waco & No.,8s,1915
2d, 7 3-lOs, P. D., 1898. 123
Gonoriil, 6a, 1921....
59
Ist, 7s, « g., R. D., 1902, 129
Hous. K.&W.Tex.— l8t,7s
1st, La C. Div., 78, 1893. 118
2d, 6.8,1913
Ist, I. &M., 78,1897... 122
Ill.Con.— Sort. Div.— Cp. 6s ai9
Ist, I. & D., 7s, 1899'100
Middle Div.— Beg., os.
l8t, C. & M.. 7s, 1903
129 132
C.St.L.&N.O.—Ton.L,7s 120
Consol. 7s, 1905
128=4
1st, consol., 78, 1897.. 120
1st, 7«, I. & D. Ext.,1908 1201-j
2d, 88,1907
110
1st, S. W. Div., 63, 1909. 114
Gold, 68, 1951
113
1st, 5s, LaC.A bav. 1919 100
Dub. & S.
2d Div.,7s
lst,S.Miun.Div.,6s,1910
116
Cod. F. A Minn.— l8t, 7s
i'uia
Ist, H. <fc D., 7s, 1910... 125
126
Ind.Bl.&W.— 1st, pref., 7s 120
Chic.&Pac.Div.,63,1910
120
1st, 5-6s, 1909
86
lst,Chic.&e.W.,5s,1921 102=8 102^8
2d, 5-68,1909
711a
Min'l Pt. Div., 5s, 1910.
991a
Kaatern Div.— 68, 1921
861a
C.& L.Sup.Div., 38,1921 100 102
Indianap.D.&Spr.— l8t,78 96
Wla.& Miu.Div.,5s,19al lOlia 102
>92
1st, 7a, ox fund, coups
98
Terminal 58, 1914
'IOOI4 Int.* Gt. No.— lst,6a,Kold 113
1131a
Fargo & So. 5s,As8U.,'24 113 jll5
Coupon. 63, 1909
82 V, 83
Chic. & Northwest.
Kent'kyCent.— M.6s,1911
Consol. bonds. 78, 1915.
Coupon, gold, 78, 1902.,
Eegist'd, gold, 7s, 1902.
Sinking fund, 8s, 1929..
Sink, fund, Bs, 1929, reg.
Sinking fund, os, 1929
Sink, fund, Sa, ly2y,reg.
Sink'gfd., dob., 69,1933.
25 years deb., 58, 1909.
C—
Begistered, 63, 1931....
ilsia
Trust Co. receipts
101
N. Y. Susq, & W.— 1st 6st
Fl't&P.Marq.— M.6a.l920 'lllia 115
Debenture, 6s, 18971. ..
105 14
Qal.Har. & S.Ant.— Ist,^
Midland of N. J.— 1st 6s
•!
Ask.
Bid.
1911.
7a,
I
1st, consol., guar.,
83%
SECURITIES.
Penu. RR.— Continued—
140 1421a'
1st, M., 7s, ex-cp..6,7,&8
42
60
T.C.& St.L.— lst,reg.,78
•113>a
Mich.Cent.— Cons.7s.l902 127 m 130
2d, 7a, 1913
Consol., 5s, 1902
1061a
l8t,7s 141%
Pitta, FtW.<fc
124
88,1909
141
2d, 7a, 1912
132
Coupon, 58, 1931
105%
3d, 78, 1912
Mex. Cent.— lat,
Coapous qSL
KOTEMBBR H,
THE CHRONICLE.
1885.J
653
ABSTRACT FROM REPORTS OF THE NATIONAL BANKS MADE TO THE COMFTROLLEB OCIOBBR
DepoHU.
Oelober
1,
I.
Total niv.No.1
(
New York
48
47
54
195
61
84
• Alluiiiy
N. York, other
3
Total Div.No.2
I
Baltimore ....
Marvlund, oth.
I
Wartiitii>rton ..
DIst. Col., oth.
Virginia
West VirgiQla.
Total Dlv.No.3
North Carolina
Sout h Carolina
Georgia
Florida
Alat>ama
MiaAiHsippl...
jj
New
.*
Loaiaiaiia, oth.
Orfeaus..
8 Texas
Arkansas
X
Louisville ....
Kentucky.oth.
Teunea«ee
249
Total Div-Na.-l
2,063,500
1 .935,000
2,472,345
300,000
1,835,000
473,000
3,525,000
100,000
6,880.000
705,000
3,551,500
9,648.900
5,007,500
38,49?.745
3,986,803
20,885,523
5,744,199
3,435,468
776,918
8,376,663
2,529,279
4f,' 34,453
472,379
802,000
813,351
3,^37,672
2,723.043
3,335.352
782,281
19,923
2,002,20.-
166,170
809,441
1,922,323'
99a,500l
9,641,756
iClQOlnnatl
Cleveland ...
1.208,000
a
^
E
4,t02,511
3,031,008
2,691,600
4,193,183
Ohio, other
629,000
..
Indiana
OhieaKO
,
Wi8cousin,otli.
Total I>iv.No.5
91.852.2h0
19.774,0031
f
Iowa
2,290,504
11,390.000
1,S51,S34
3,250,000
356,128
3,311,000
623,425
4,995,720
668,972
5,949,2J0
944,774
2.402,100
500,573
41,453,070 ~7,736,21()
17,053,776
19,651,296
5,634,623
5,972,242
10,089,967
11,316,707
3,725.522
73,444,133
25,000
234,520
548,41 f
81,600
110,091
340,000
921,608
10,1.55,000
Minnesota
.
Louis
I.
St.
5
Missouri, otU'r
»
Dakota
• Kansas
.
Net)riLska
[
(
S
S
Total Diy.No.6
Nevada
1
'.
"{
I
l,029,62ii
2.025,000
250,000
1,810,000
650,000
800,000
800,000
6,333,000
1,003,100
20,000
298,000
153,210
274.500
140.000
1,888,810
10,291.553
416,635
5.329,503
1,750,473
1,626,641
1,714,353
21.149,180
Califoi-nla.oth.
2,345,000
710,000
Total Dlv.No.7
Arizona
Colorado
Idaho
i Montana
" New Mexlce
« Utah
S Wyoming
I
1,G05,00C
5,635,000
75,000
1,500,000
g Oregon
Waahingtou T.
J
214,701
1,090,089
5,620,030
2,555,552
1,450,206
10,930,578
San Francisco.
..
Total Div.No.8
Total for U. 8.
..
63
63,879
101,572
'47,961
sdoisrt
516,M»1
9l,!Mii)
8,1 19.28*
936.630 44,427,732
44,550
127,783
83,281
24,531
6.535
89,647
21,097
397.32H
193,331
10,190
6,050 3,727,363
400,625
18,810
469327
37,220
85,500
4,500
786,902
16,920
204,795
14.190
107,880 5.867,843
389.363
1,IR3.54J>I
•i,'9i2,4.>l
515.087.sn4 47.545,013 64,720,830
3,906,837
25,803,638
6,738,577
2,196,158
322,989
9,459,575
3,60 2,281
81,03<i,057'
136.721
788,010
231.287
13,100
1.120,770
20,340
150,(i96
264,350
40,000
19,670
63,383
439,427
18!\^fe3
1,999,416
^
CITIKS, 4c.
MilVs.
Loans
Bonds for circulation..
Other U. 8. bonds
Stocks, bonds, Ac
Due from banks
Real estate
Quid coin
(Jold Treasury cert's.
Oold Clear. Uouse ctfs.
.
2,17J,387|
y44,ti04
2.860, W12
407,91i6
445,269;
749,900i
318,860
115.000
71,370
63.980
648,000
90,180
S^.OOili
1,910
21,100
'26',520
39850
273.940
2,910
118,660
31,440
6,000
42,280
34.570
599,-.! 60
2n,<J79
61,958
11,5:18,041
46,325
40,932,229 2,2f.0,195i
274,458
23,357,585 1,768, 739|
215,033
46,018,906 8,7C5,476i
196,748
30,947,482 2,072,2671
235,537
8,513,282
944,520|
40,217
41.240
21,465,803 1,389,3861
172,291
3.956,083
533,265!
95,000
16,005
9,663,256
80 1,0291
4,400
99.506
215.059.374 19,760.240; 1.448.03ol 1,378,07m|
334,324
380,199
401,163
86,339
262,384
332,869
151.117
1,W68,595
21,324,486
28,172,123
9,202,786
7,369,132
10,750,627
15,432,742
4,(100.272
96,132,168
248,248
12,684,066
326,029
7,608,997
893,.=.30
2.140,771
6,051,437
2,202,226
2,035.384
55,460!
4,610i
81.740
44,320
27,420
7,3S0
2,470
223,350
720,436
909.131
173,496
5,408.947
414,57s
414,578
_
948,588
1,450,710
853,215
373,371
40,027
442,193
825,040
470,692
232.644
2,010,598
729.51B
222,000
31,980
49,520
63,030
22,280
2,750
13,110
2,180
3.910
19,720
2,670
2,870
25,760
3,990
78,947
33.309
3.2C0
51,130
17,127
16.237
7,117
155.91W
61.320
|
3,3e6.i8»
1,000,000
2,850.341
1,608,277
5,911,100
1,647,231
1,166,647
32.8
3,(j00
9,700
16,510
32,150
5,260
1.770
101,220
840
15,810
110
7,230
24.020
11,180'
l,6t0
.^,182
"3,600
263,186
312,239
321,017
102,581
167,764
41,682
1,087.830
2,867
1,002,463
84,711
511.420
402,633
517,389
4,8)7,782
662,266
795.222
472,621
384,582
413,760 18,718.125
182,00
112,855
17,517
49,938
89,749
116.738
33;268
602^06?
5,363
15,740
49.484
35,319
22.621
128,527
500
3.50,796
37,320
5,515,193
537,792
1,423.513
121,207
1,365,239
141,370
l,860,y06 _202,578
18.124,6;i6 1.923,797
162,622
177,278
63,537
360
"6,840
19.980
CITIES,
902,453
761,629
377,050
743,148
545,099
373,821
4,869.847
2.47t{
2,589
48,004
28,761
15,109
96,939
738.561
54,291
327,458
70316
35.040
64,416
1,290,582
15^
1^
mw$.
MU's. Mil's. XU'a. MU'a. MU's. liU's. ««'».
6r^3s 24-87 25^80 2-19 9-73 7-7» 18-67 1154
•73
•86
2-12 2
9'3S 7-08 607
3'59
•80
•40
•88
•90
•01
•00
•60
1-49
•46
•77
4'30
•23
•34
•46
1-03
102
•54
•93
•83
14^S9 3-78 303
4^26 2^82
•78
2-82 1-47
•35
•43
•17
•71
•28
Mil's.
7 13
a-l-ol
12 57
1^42
22
303
5-09
•20
afiira.
1424
•48
aiBO
a»7 1018
3^12
4-53
4-22
10-37
62-25
•57
328
1-81
•TO
•as
•12
•30
112
•01
1610
!i4-33
•28
•15
•86
•38
-07
Mil's. Mil's. Mil's. Millions.
4«02 851
3-96
9'20
50
1^85
98-46
2199
3304
«996
23 29
1224
3-21
90
95
49
142
I^IB
I •64
1-93
231-01
30766
•60
1348
lS-30
•67
2935
4815
13687
2970
3216
31^78
77-60
•09
•12
•22
•94
•93
•86
•32
•12
86
•09
•08
r-si
•11
•02
•08
•01
•27
•01
•22
Legal tender notes
National bank notes
S^M
16^<9
424
2-17
1^44
1^0«
•51
1^98
•14
•98
•59
-39
•14
•07
Clearing House exch's.
D. 9. ctfs. of deposit...
Due from U. S. Treas.
Other resources
956
.5.5-45
•13
8-19
•80
1-97
•61
•06
1-18
«'e2
•31
S-33
118
155
•15
•08
•48
•33
•32
3^48
•16
147
•43
•^08-JO
47»-«
LiabillUa.
Capital slock
30-95
18-28
1141
4339
2217
1-75
Surplus fund
117
Cndtvtdcd
10^49
21-72
9^»5
80-46I230-U9
•21
1^26
9-40
2-28
7-80
40:«ll3»-89
T^18
2-90
-44
•01
•19
2^S8
•03
•06
•98
•6*
40-88
39^38
69^74
16
2319
101
•12
•02
•12
8-30
•««
•40
•56
8344
XM
72
10
16
lS-30
00
3-»0
11-66
1100
•26
•03
-19
-30
•70
•19
•12
•04
•03
•04
•03
•21
•01
•19
01
1738 1431 37-^ 1922 8319 1512
8^61
390
33
•89
3^29
2-89
6V
•»t
•16
•86
21
•44
•72
37
•46
94S 4112
177 28-19
7-70
3^58
140
•07
08
112
3-53
3^BS
8^60
•31
ISO
•81
121
-83
•60
•31
-71
42
•63
2-S5 4B0
4-18 15-10
•59
6^29
1^80
4-78
•12
75-07
17-87
2025
30-99
3^48
1
8-92
3-40
3'54
-14
121
2-9S
B-87
01
•11
-05
-01
•36
-41
30-34
4472
620 11^75
•IS
91a
i-vt
•47
4^65
•18
17-.'18
2Sil»
•82
•02
•10
[^•»0
{,•09
3'45
•01
•45
1013 1171
3-54 314
3'SO
•66
f
3-67
1-46
•02
•14
•25
43-911
5-l»
23A^3>
•01
•02
37
3-8O
1
•04
•83
•30
•98
20
06
304
1-41
14-S6 130-84 44-72 43^S1
208-3ol47»-28ll4'!i«
2^15
•00
•13
MUlians.
69901 1.30S14
•86
68
•06
Millions.
60713
7«69
8-76
•13
2-40
Mil's.
•75
•48
1
Mil's.
•44
•17
1-281
ll
il
12.5-33 •J3«^8B
!i-04
AND TOTALS.
It
S8
.
76,822
135.217
18,666,707
3-16
Tota's
22,V10!
167.340l
64,620|
180,773
26.168
10,770
25,000
20,680
5 3.540
79,353,370
•19
liabilities....
114,9.56
12i',700
•02
Silver coin
Sliver certmcates
Other
70,040
I,
29, /OK
10,(j7I
_iS_
Resources.
profits..
"8,170
£0
70,760
87,230
116,192
28,801
56,272
20,363
340
2^717 527,524.470 146.624,642 1.102,372,322 141267,149 i;3ti6.143,99( 90,490.780 72;9a6.340i 9,120.801 2.274,650 88,536.116
Totals for Ri;bbve
Circulation
Due to depositors.
Due to banks
4.100
1.47-.330
910
STATEMENT OF THE NATIONAL BANKS OF THE RESERVE
Totals.
44,220
166,920
97,160
14,OBO,801
8,998,620
31,394,784
19,845,317
40,970,739
I
:J30,OOOJ
1,864,1S3
2,38tf,HI9
597,416
8,923,527
70,2^0
9,183,872
1,313, 193
3,401,878
8,233.931
7,783.995
51.930,291
^
Detroit
a -Mithig'u.other
» Milwaukee
1.133,080
2,107,046
30,885
540,283
353,270
483,515
123,977
692.611
4,381.190
1<»,5hm,151
2,14.S,31I
27,693,721
7,313,737
18,575,061
5,140,355
10.132, 39B
184,325,533
•
Illinois, other.
"4^620,710
236,8«;i,!U2 2»I.4(i3.S71 62,249,740
7.130,11
571,094
319,640
8.'),!I7!>,729
3,263, 2S0i 1.221,030
29.365,01 2 1,276,343(
827.870
67,351,230 10,587,757'
122,480
24,871,132 l,h07,831;
299.560
65,500,467 3,574.>'34
160,531)
4(1.(01. 46.'>
683,905
3,136,500
841,766
307,000
60,000
1,143,098
512,056
6.684,326
290,650
39, ICO
1,29B,716
9,000
188,C84
414,280
129,035
218,713
182,198
130.4a0
190.953
4,727,498
1,847,817
403.667
901,6e»
3i>'.H7'J.);(.5
7,097.824
77,834,371
32,901,422
74,830,558
10,981,344
61.821.735
624,96 1,809
iDehiwnre
9
^
5
E
^
1.060
2,820
lB,a00
22,040
6,840
2.980
:ion.478
1,750,000!
10,l.nO,000
125,33 1,305
86.172,244
31.002,631
589,426
7,600
217,329
1,540
238,169'
16,290
4,538,331 4,218,^50
1,826,290
175.200
72,162
63,788
1,309,773
250,494,5.->5
18,275,250
2,11
128,31)8
128.6HI
nf depotU.
I
51,r<2R
lH0.21i{i.345
"48,H.M),<i06l
228 32^65,310
«7i 1.'>5.21H,500
10,604,265
8,371,374
209,737
45,Oi).'5,li50;
12,208, '^00
142,510
341,317
H>,60S
eerti/lc'lal
A
$
$
1885.
BUvtr \LeQ.I»ndrr»
Treojntnf'it v 9. et/t.
IVwuury
I
eerlljicuUi., eertifleaUi
5,154,308
80,320,965
M,715,:i67
13.096.233
34.482.7M1
SO,!l.')0,000
34,819,780
267
72
34
V Now JoTHoy...
a (•hilailrlphlii..
E Plttsliiii-K
M Peunii., other
10,0!t5,49.'i
5,425, U)(l
(l,I0(S,(M)Oi
1 1 ,OtH),
7,5
20,:M0.0.-)0
2i.!>\;i.H20
44
City
merdraJU.)
Oth«r.
«
10.3«0.000>
71
Miiino
f
Oold
etmnlM. (tnel'g gold O. H.
Individual.
t N. IIiiiiiiMlilre.
M Vornjout
M Hi>«toii
3 Mnox., other ..
* Htioilo Islnnd.
2 t'oiiiKctlout...
Loant^dUh Ooldnnd
Surpltu.
Oapilal.
1889.
1,
14-31 37-35 19'22|85-19 15-12 S^61
1386 373 1,145
85
23^
84«
1880
1490
S4ea
92
ll286 9»
1^60
181-24
34626
327Sa
•23
3964
31^1
87-06
i48-«a
•10
•76
•9«
63-24
604
419
1^09
35764
•27
237-78
3034
3803
26901
203
339 00 1,116 04
4178 39a5o
•31
3-23
11 06
1S89
3-73 l,145i)2
1,386 99
THE CHRONICLE.
554
[Vol. XI J.
—
New York City Banks. The following statement shows the
and the totals from Jan. 1 to condition of the Associated Banks of New York City for the
The statement includes the gross week ending November 7, 1885:
latest date are sciven below.
Average Amount ofearnings of all railroads from which returns can be obtained.
tlAlLKUAU
The
EAKNIMfc)^.
latest railroad earniugs
Banks.
Latest Earnings Reported.
EOADS.
Week or Mo
1885.
1884.
Jan. 1
to
1885.
1884.
104,273 109,734
892,335
861,849
Ala. Gt. Soutli'n October...
Atcl). T. i S. F-. Septemlier 1,385,1585 1,513,046 11,038,536 11,852,819
September
Bait. & Potomac September
Best. H. T. & W. Itli wk Oct
24,708
112,071
16,897
114,513
1!5,051
14,561
New York
222,302
974,269
387,511
161,877
903,207
379,503
Pliil. .September
Bur.CVd.It.&Jfo. 4tU •wkOct
238,398 223,869
98,020 2,.5i3,.599 2,233,877
110,899
wk
Nov
Vacittc,
Ist
203,000 172,000 6,993,654 4,760,597
Canadian
29,073
28,688 1,083,750 1,236,453
Central I'i^Vil ... l.<t wk Nov
1,358,122 1,622,112 9,272,178 10,302,410
Central Pacific. ;.\u^nst
309,097 303,103 2,454,934 2,683,433
Cbe-sap. & Ohio. September
September
72,519
70,252
509,509
Eliz.Lev.&B.S.
557,241
138,892 117,916 1,108,916
960,429
dies. O. it ?. \V. September
Nov
wk
Alton
1st
170,476
175,066
6,703,634 7,437,772
Cliicago &
Cliic. Burl. & Q. September 2,640,035 2,707,110 19,0.50,141 18,505,825
30.962 1,377,699 1,308,692
36,370
Cliic. & East. III. 1st wk Nov
007,000 5.53,387 20,044,959!'1!),496,510
Cliie. Mil. &St.P.'l6t\vk Nov
North-n-.astwRNov
560.300
4.56.100
Cliic. <t
20,545,551 19,999,743
Cli.St.P.Min.&O. IstwkNov
146,600 132,400 4,904,333 4,932,183
27,065
27,640 1,024,439 1,220,488
Clilc. & W. Midi. 3d wk Oct.
48,005
Cin.Ind.St.L.&C. Istwk Nov
47,878 2,021,077 2,083,252
257,163 242,380 2.167,160 2,188,019
Cln. N. O. ifeT.P. October..
51,332
Ciu.Wash.itBalt ttli wkOct
53,359 1,401,256 1,528,805
Clev.Akrou&CoI ItU wk Oct
14,556
14,704
409,015
407,668
321,228 344,481 2,252,925 2,447,421
Clev.Col.C.A-Ind August....
Nor.
September
&
24,478
21,690
168.251
Danbury
158,583
Denv. & Rio Gr IstwkNov 137,730 107,907 5,179,190 4,641,193
Denv. A E. G. W. October ... 125,615
9],300j
840,025
061,925
11,297
10,701
309,1 15
290.803
Des. Mo. tt Ft.D. let wk Nov
49,523
45,151 1,014,679 1,14,',034
Det.Lans'g& No. Itli wk Oct
Dub.&SiouxCitv l.stwkNov
19,200
19,816
745,437
782,467
E.Tcnn.Va.AGa. 3 wks Oct. 264,126 279,582 3,162,5.58 3,103,932
2i),298
Evansv. & T. H. itli wk Oct
19,754
624,.507
628,134
62,931
Flint & P. JIarq. 4th wk Oct
59,838 1,584,294 1,922,828
26,190
Flor. R'way & N.iltb wk Oct
22,841
772,594
789,030
16,121
Florida SoutU'n. Jul.v
12,394
PtiWortli & Den. October..
43,497
39,867
387,285
401,611
Gal.Har.iiS. Au.i.\iigu8t...
270,235 226,751 1,903,358 1,718,808
Grand Ti-imk .. Wk. Oct.31 325,440 368,973 12,642,736 14,330,211
Gr. B.W.& St. P. September
31,764
23,581
GuLf Col. & S. Fc. October ..
290,011 211,061 1,380,472 1,424,891
240,468 193,878 1,234,101 1,425,185
Hous. & Tex. C. August ...
247,200 216,9031 8,942.710 8,536,700
Ill.Cent. (lU.iSo) Ist wk Nov
(Iowa) 1st wk Nov
Do
36,100
37,061 1,305,671 1,446,741
45,209
40,447: 2,010,231 1,995,481
ITnd. Bloom. ifeW. 1st wk Nov
53,45^
K.C.Ft.S.itGulf. 3d wk Oct.
49,014 1,998,085 1,892,081
Kan. C. Sp. & M. 3d wk Oct.
29,012
24,807 1,212,113
899,965
Kcntuokv Ceiit'l, September
89,204
99,891
023,350
677,154
r.Rk.M.Riv.&T. Septemb.
26,245
20,419
211,614
227,47!t
49,79I/.Rk.& Ft.SmitkiSeptember
48.271
371,184
355,174
l.st wk Nov
52.-250 2,534,689 2,470,532
Long Island
58,470
La. & Mo. River. August
52,3.50
66,619
358,993
431,381
Louisiana West. August
47,439
37,074
377,812
285,198
Louis v.&Nasliv. IstwkNov
267,745 269.255ill,629,3-20:il,439,997
Manhattan Elev October... 615,516 593,48"
Mar.Hougli.it O. Itli wkOct
35,670
19,782
751,7941
768,079
Mem. & Chavies. September 105,195 110,384
896,159
985,619
-Mexican Cent'l. IstwkNov
71,800
57,000 2,969,219 2,462,857
*Mex.N.,alI lines Seiitember
115,323 117,382 1,156,548 1,188,250
Milwaukee tfe No Ist wk Nov
10,625
10,012
473,338
444,858
Mil.L.Sb.&West. IstwkNov
33,250
23,1.50 1,128,517
954,003
Minn. & St. Louis September
135,557 173,672 1,240,299 1,324,743
Mobile & Ohio .. .October..
225,243 212,459 1,,537,035 1,022,443
Morgan's La. &T. August...
323,966 246,796 2,433,391 2,080,605
Nash. Ch. &St.L. Sexitember 192,8651 210,586 1,507,860 1,701,432
N.0.& Northeast October ..
77,415
80,041
538,921
3.53,393
6N. Y.L.Erie i:W.'.\ugust.... 1,437,3481,534,427 9,839,082 10.003,073
N. Y. Pa. & O. August....
441.338 482,039! 3,114, is:! 3.0(l9,s:i0
N.Y. &NewEng. September 34.5,312 281,638i 2,482,580 2,416,.509
N. Y. Ont.& W.. October
168,796 185,043 1,570,405 1,051,995
N.Y.Susq.it West September
105,354
95,417
803,518
750,190
Norfolk & West. IstwkNov
58,511
45,518 2,285,980 2,2.39,500
Noithem Cent'l. September 504,754 470,811 3,905,018: 4,085,009
Northern Pacific IstwkNov 332,,567 316,369 9,0.57,133:11,055,000
Ohio & Miss
September 344,619 357,152 2,699,147 2,788,970
Ohio Southern.. October
52,1,30
46,313
377,075
376,140
Oregon Imp. Co. September 244,496 289,578! 2,110,301 !,.504,384
Oregon Short L. Septemlier 184,174
96,7411 1,323,092
058,308
Greg. E. & N. Co. Ist wk Nov
151,392'
89,345
Penns.vlvania. .. iSi'ptember 4.27(>,028 4,458,871 33,237,632 30,399,099
Peoria Dec.&Ev.ltii -WkOct,
25.007
24.209:
608.979'
645,573
Phila. & Erie
Septen'ber
3:!s.775
352,
2,301,0-J2 2,001.700
Phila.& Reading, .September 2,8()0,38s 2,876,451 1.(1113.19 1 23.101.923
Do C. & Iroiij September 1,754,214 l,574,(io7 11,172,254 12,010,951
Eichm'd &Daiiv. October
419,800 428,100 3,243,044 3,134,660
Ch.Col. &.\us. September
80,150
64,276
561,415
511,120
Columbia..^ Gr. September
63,400
51,130
454,197
418,743
Georgia Pac. 'September
02,069
46,974
458,412
390,140
Va. Midland.. October...
150,022 107.595 1,284,807 1,351,709
yVest.No.Car. October
45,841
41,3.50
383,385
359,078
Eoch. & Pittsb'glli-twkNov
25,527
24,383 1,028,4.50
909,679
Eoine Wat. * Or. .^.u^'ust
164,393 175,205 1,000,002 1,058,755
8t. Jo. & Gd. Is!.', IstwkNov
20,000
21,587
893,860
et.L.AltouM'.U.lth wkOc
40,703
45,102 1,001,005 1,124,201
Do Braiulie^ '4ih wk Oci
29,990
24,622
615,818
018,843
St. L. F. S. .t W. 4tli WkOct
25,072
524,0.5<>
14,099
415,845
et.L&San.Fran. Ut wit .\ov|
97,929
88,077 3,642,128 3,982,099
St.Paul& Dnluth Ist wk No\
37,903
35,837 1,135,077 1,093,973
St.P.Min.ifeMan. October. ..f 998,858 1,014,862 5,938,698
6,615,318
Scioto Valle.v... September
51,998
South Carolina. .September
113,427 109,599
78i',249
810,911
So.Pae.Comp'yAtlan. System August
740,131 586,212 5,345,833 4,632,200
Pacific System August ... 1,900,302 2,240,456
Texas & N. O... .\uj;u8t....
98,490
75,592
63i,272
54i',597
Tex. & St. Louis 3d wk Oct
42,103
34,101
Union Pacific... September 2,518,122 ,2,486,827 18,378,778 18,274,2,52
Vicksb'gifc Mer. October...!
47,997
55,8331
347,226
390,350
Vicksb.Sli.&Pac. October ...
58,499
46,8881
317,.597
182,1.50
Wab. St. L. &P. 4th WkOct; 4'J0,112 485,89911,505,174 12,634,179
IWest Jersey. ...September 125,123 131,406 1,018,056 1,060,810
Wisconsin Cent'li4tli wk Oct!
57,472
55,080] 1,208,749 1,172,350
Buff.N.Y.iV:
'
I
.
'
:
Merchants'
1,920 000
2,69«,000
734.300
1,179.000
Meclianics'
9,579,000
11.887.500 1,930,800
431.000
2.874.000
10,520.900 8.762.000
436,S00
Tradesmen's
2.857,100
Fnlton
938.400 1.446.100
Clhemical
16.048.800 9,910,700
Merehauta' Exch.
701,500
3,299,2)0
3aIl.^tin National..
5,440,100 1,2S2,4 00
Bntchers' & Drov..
301,900
1,719.300
Mechanics' <ft Tr..
1,298.000
104,000
Greenwich
136.400
1,001,900
Leather Mannf'rs.
594,700
3,337,300
Seventh Ward
372,800
1,188.800
State ol N.
532,400
3.884,500
Anieric'n Exch'ge. 13,623,000 6.107,000
Commerce
18,404,100 4,534,600
Broadway
6,473,300 1,313,300
Mercantile
6.755,900 1,618,600
6,50,700
Paclflo
2,329,800
Republic
5,803,700 2,031,600
Chatham
4,148,000
633,600
269,900
Peoples'
1,583,400
735,600
North America...
3,864.000
Hanover
8,878.100 2,6.13.200
2.006,000
597.100
Irving
819.800
2.436.400
Ditizens'
2.649.200
401,300
949.400
3,169,000
Market
2.098,200
470,900
St. Nicholas
3,217,000
931,000
Slioe & Leather..
78f,800
5,5713,300
Corn Exchange ...
891,500
5.278.900
Continental
300,000
1,850,200
Oriental
Importera'A Trad. 20.631,500 5,775.400
18.8Uf,700 5,872,200
Park
90.000
1,706,000
North River
l.lia.lOO
289,200
East Biver
Fourth National.. 17.636,400 3,772,400
8,s/2,000 2.410,000
Central National..
778.000
2,706,000
Second National..
5.4(r2,700 2.022,100
Ninth NationaL..
First Nivtlonal.... 18,775.900 4,331,600
4,83i,800 1.149.000
Third National...
I,2s8,fl00
192,100
N.Y.Nat. Exoh..
2,110,800
503,300
Bowery
2,191,500
346.400
N. Y. County
2,729.3,10
Gt'rraan.-\meric'n.
374,100
3,120,800
5 .0,500
Chase National...
2,89,^,700
Fifth Avenue
763,500
260.000
German Exch'nge.
1.954,900
Germania
387,900
1,961,800
United States
2,58>S,200 1,432,900
2 133,500
613 000
Garfield
l,454,'-'00
137,200
Fifth National....
1,214,400
141,310
B'k of the Metrop..
2,997,400 1,000.500
West Side
1,475,900
252,900
UO,XO0
Sealtoard
1,821,900
Sixth National
491,200
1.538,900
America
Phenix
City
Y
Loans.
$
790 000
10.916.000
11,783.000
8,3o3.000
686,000
1,269,600
413.000
6T0.600
126,000
1,694,000
L. Tenders,
8,1.10.000
88,400
747,400
194,400
389.400
1! 1.400
192,000
107,100
242.900
87,700
222.800
1,643,000
.
.
.
.
I
1
I
Mexican currency.
t Embraces the 1,650 miles north
*
of Goshen now comprising the
*
Central Pacific s.vstem.
Not including Indianapolis Decatur & Springfield in either year
Not including earnings of New York Pennsylvania & Ohio road.
And branches.
262,100
600,200
231,000
l,4t<2,100
1,429,600
259,400
2,6nO
44,900
689,100
898,500
45,000
7,977,000
3,038,500
6,400,800
4,390,900
2,083.600
4,533,700
10,247.600
2,045.000
3,120,700
3,156,500
3,187.500
2,161,100
3,987,000
4,739.700
6,189,100
1,907,000
24,396.900
24.616,100
1,882,000
40!J,400
444,100
220,700
244,800
203,700
19i<,200
108,600
483,000
177,000
695.200
805,000
1,091,700
1,177,200
127,000
79,300
1,643,300
469.00C
276,000
312,400
718,200
559.50C
423,000
45,000
180,000
252.000
267,800
432,700
442,000
103,500
944.400
46,000
221,700
180.000
297,000
37,000
45,000
439,700
1,00.3,800
19.-137,400
10,079,000
3,445,000
6,558,700
19,843,700
5,684,900
140,20(1
1.102,.i00
223,100
361,400
136.600
276,000
133.50C
400,000
233,000
138,200
255,000
143,900
146,900
2,428.600
2,627,100
2,500,000
3,794,100
3.076,900
2.693,900
2.632,800
3.492,100
2 732,900
1,410,600
I 238,900
4.075,100
1,738,500
1,610,800
1,810,900
2t)6,900
245,500
259,500
81,300
weeks
00
466,
5,H,71,100
739,400
173,600
295,100
417,600
121,900
180,000
224,000
180,000
45,000
180,000
43,900
178,000
134,800
193,000
9,993,000
past:
Circulation .495. Ciear*Qi
Deposits.
I
$
Boston Banks.
$
S
Oct.24 153,0)1,100
" 31 153.708,400
Nov. 7 154.575,300
—Following are the totals of the Boston ban kit
Specie.
L, Tenders.]
Deposits.*
$
$
$
Philadelphia Banks.
Circulation'jAgg. Clear'
$
S
4,849,600,115,836 200 21,'^61,000 78,729,988
5,53:),200 113.910,100 21,333,700, 76,974,841
5,083,OOOl 117,963,700 21,473,01101 91,173.896
8.869,100
8,856.800
9,014,700
—The totals of the Philadelphia banks
are as follows:
Lawful Money.
1885.
Deposits.'
Circulation. Agg. Clear^ot
S
29,559,300
83,250,100
8B,296,8U0
30,488,600
30,534,700
86.454,600
to other oauics."
79,077,200
80.142.700
80.610.500
Nov. 7
"Including the item "due
Oct.
•
24
31
Unlisted Securities,— Following are
week
33,948,618
47.353,039
56.539.705
latest quotations for
a
H.
M.K. AT.— Income scrip
N. Y. M. TJn. Tel.-3tock.
25
5i»
"2
2834
.
•241.2
30
8II4
-.—
1
1
& E.— New stock
y. w. sh. & B.- stock.
Keceivers' Cfrt
Xortn. Pac— Div. bonds
68
69
2
iV.
1
y.i-j....
9
1
100
9;
88(1
Old
li
H.T.& West.-Stk.
Uebentarea
Bttff. N. Y. <S Phila
62
orth Rly. Cons.— 100 p.o
Ohio Cent. Riv.cent tr.cer.
.N
1
4»4
Boat.
63
Pensacola
Pittsburg
57
B'klyn Elev., St. receipts 40
Ist M., orwheu issued.. 104
74
2(1 M., or when issued..
125
1st moit
5
Chic. & Atlantic— Stock..
Beneficiary stock
51a
Bait.- Pref
3
Cln. W.
85
toil
llOO
3713
..'
1
...
&
Grand
Incomes
Isl., 1st..
6
5=4
7
65
2Hi4
18
30
31
.....
4334
44
67
Gen.lst.ld.gr.&iucas.n
lis
IQ!^
lOO'e IOII3
47
Stock
11^4
104 14 104 Sj
'.
Atlantic
Western
Texas & Pac —Scrip 1 >'85
Tex.*8t.L.MAADlv.,lst.
22ig'
Henilersou Bridge— B'uds 105
<ft
<fc
Postal Telegraph- Stock.
"h
l8tmort.,6a
lOig
fostal Tel.A Cable— Stock
1
3 '4 Rich. & Danv., deb
87
8
Southern Tel— 1st M. hds 19 Hj
313 State of Tenu.— Set'm't.3.- Oils
Settlement, 68
101
841a St. Jo.
Denv. A Rio Gr.W
Edison Electric Light
Pt.Worth & Den. C. K. St..
211a
41-2
74 's
21
l.-,i.j
?.?.
191-i
60
&
Cont. Cons. Imp. Co
Colisol. GasC'o. of N. Y...
111
1
8M
Pref
Keelv Motor
Ask
3
6
1st inert
119
Inco'iie.-,
Bid.
Mexican National
87
15
13
Acciiniul. land uraat
(
Securities.
10 -„ Mo. Pacific- Old stock
lOl,
I|1C0:116S
.4ta. .fcCnar. Air L,, stock.
1st luort., j;eu. ouds. ..
Abk.
Bid.
Securities.
Atlantic & Pac— Stock....
Cent. Div., l8t. old
Cent. Div., 1st, new....
Host.
7,432,300
7,417,500
7,419,500
past:
'
I
90,000
Oct.24 340.247.100 100617300 25,717,500 385,189,600,10,008,600 828,373,018
" 31 344,36(1,800' 97,031,-'00!!7,3 17.600 384,479,200 9.992.400 695,214, 3b9
Nov, 7 340.958.900 93.814. 900126.793.800 380,768.4001 9.993.()00l775.416,616
.
.
241,800
1,008,900
2,863,500
1,256,300
3,857,500
14,640,000
16.614,900
.
'
450,000
354,200
10,684,200
2,472.000
18,600,400
2.151.300
1, "40,100
22,728,600
3,163,500
4,576.300
1.669.900
10 i.OOO
totals for several
Specie.
tion.
S.
340,938,900 93,844,900 26,799,800 380,708,400
The following are
Cinuta
other
than U.
9
8,61ti.400
Total
Net Deposits
Lenal
Tenders.
SpecU.
»
11 560 000
30,347,000
Manhattan Co
a;
*SoDora
Loans and
DUcounts.
Latest Date.
...
70
321a
121.>
'l05's'
7V
Ist
mort
West N. Car.-Con.
82>a
inort.
H2 ^j
90
82 %
NOTEMBEB
THE CHRONICLE.
14, iSdS.J
i)Oi>
Quotations in Boston, PlilladelpliU and Baltimore.
BKObRITIBS.
BECURfTIBS.
Baff.P'tts.A W.— Gen.,ea
1SS\ Cam. A Amboy— 6s, c.'SP
Atk.
Bid.
BO?<T«N.
Atob.
A TnIM^kn— 1st, 7s.
(rnint. 7ri
A Maino— 7h..
Land
Cam.
A Albany—7s
Bn
BoHtoa A Lowell— 7b
-6«
Boston A ProTldenco— 7«
Burl. A Mo.-L<l. Kr.,7s.
Fori Soon A Oalf— 7s
K.CIIj- l.iiwr. A8o^6s..
sii'il
4S
58,
111
111
40
,
tthacaAAth.— 1st,
IncDiiio
90
.
Pac—7s
Vi3-~j
12!l
OKili'nali.A Ia.C1i.—Con.6»
2d, 7s, reg., 1910
96»,
lift
Rutlauil-«», 1st
8onora— 7a
123
i
loo's 100 >4
STOCKS
A Topoka
A Pacltlc
Boston A Albany
Boston A Lowell.
.
87
Atlaulic
10'4
87
•«
125
126>a
lilO
CityAChlo.— 1st,
OH Creek— 1st,
6s,
,
,
C—
—
130
Mass.
Metropolitan
12 ij
Mexican Centra]
93
Nashua A Lowell
Shen. Val.— l8t, 78, 1909
Gen'16s, 1921
Income, 68, 1923
28>8!
N. Y. A New Kngland ...
Sunbury A Erie— 1st, 7s.
Northern of N. Uainpsh. 125
Snnb. Ilaz. A W.— Ist, Ss
Norwich A Worcester... 161
2d, 68,1938
162>a 162»4 Syr.Geu.A Com.— Ist, 78.
Old Colony
Ogdensb. A L. Chaniplain
Portland Saco A Portsm.
Rutland— Preferred
23
I4I4
Summit Branch
WorceAer NasiraA Koch
130
Wisconsin Central
14=8
^22
Preferred
110
14';i
14H
Allegheny Valley
Ashtabula A Pittsbarg
Preferred
Beirs Gap
Butralo n!y.
<k
123
123
111
95
80 14
70 'h
36
23
4°8
{7
Preferred
Atlantic
Preferred
Camden A
79
39
23
36
33^1...,
33
I...
25
241a
68, P. B.,
A
Broad Top
Norfolk
PrefeiTcd
Northern Central
North Pennsylvania
Pennsylvania
PhilaifelphlaA Erie
Phila, Ger. A Norrlstown
,
40
42
58
Newtown A N.Y
A
Reading
Wllm. A Bait
Pittsb.Clu
United N.
Companies..
West Jersey
West Jersey A Atlantic.
'96l
66
54',
109 Vi
ll^
5713
83
190
136
50
5(1
50
li
CoLA Aug.— 1st..
Cin.
20234
«49
Wash.
A
Bait.— Ists.
2ds
3ds
5014
llOHi 120
98 100
104
108 ij
114
116
106
108
100 Vj 11 HI",
00 « 67
37^ 38
Ist Inc., 58. 1931
2ds
No. Central— 4 >2S, J. A J.
6s, 1900, A.
6s,gold.l900, J.AJ....
AO
123
58, Series
6b, Series
Canton endorsed
Virginia A Tenn.— 5s
103 "9
106
100
Bnir. N.Y.A PhU.— lst,6s
3d, 7s, 1908
8s
W.Md.— 68,
100 >a
Cona. 68, 1921
lat. Tr. e«. 1922
t
Ist, g.,
A
A
A
A Weiaon-53
In A»U.ilt.
i
88 "a
105
120 la
121
$32,384,102
3,795.67:4
737*16.5
603,'781
484,100
818,708
499,874
$38,138,997
36,'08,040
$37,982,637
36,664,055
if20,000.0C0
$20,000,000
15.801.317
2,181,319
Total liabilities
Interest unpaid
$38,138,087
634,286
TKAFFIC FIGURES.
Passengers carried
4,620..579
5P, 818,387
1.71,5,661
P.issenKerinilcago
Freight carried, tons
Freight mileage
Miles road operated
Fare per passenger per mile
Freight per ton per mile
107,639,953
4.3fia,(i90
54,990,316
1,780,311
138,534,292
378
1-928
~
"
I'Tl
_
378
cfs.
ots.
2'0l
ct<".
lllots,
* Equipment additional to above, purcliased througb
and belonsine to
car trust, $1,471,000.
BOSTON & PROVIDENCE.
Cost of road
Cost of equipment
Total cash assets
Total assets as per book
Capital stock
Funded debt
Unfunded debt
Total iiabilitios
Total passenger earnings
Total freight earnings
Income from all sources
Operating expenses and taxes
Rentals
Interest accrued during year
Dividends declared, 8 percent
Balance fertile year
1883.
$4,688,774
207,400
305,362
5,487,143
4.000 000
810,000
224,969
5,487,143
1,061,994
1884.
$4,688,774
207,400
325, .502
.'i.504,283
4.OO(','10O
86(1,000
225,813
.'.504,283
1.039.810
.593,217
614.5CO
1,677,066
1,284,116
11,622
27^623
1,727,147
1,363,119
11,873
26.140
320.000
33,702
320.000
6,014
1885.
$1,077,166
755,653
321,507
Rentals
Interest accrued
Dividend (6 per cent)
.Surplus fur the year
Balance, September 30
Passenger earnings
Freight earnings
Other income
Operating expenses
,
Total for construct ion
Property accounts reduced.
Cost of road
Cost of equipoient
Casli assets
Total assets
'266.264
3,500,000
750,C0(>
335,237
4,58.^,237
Capital stock
2,500,000
1,242,000
521,974
4,585,237
Funded debt
Unfunded debt
Total
"96',974
150,000
80,533
237,734
447,670
694,335
35,160
710.179
45,478
lialjilltles
Passenger mileage
20,4'29,299
Psssengors carried
Freight mileage
2,411,904
24,161,818
828,801
Tons of freight carried
1884.
$1,136,633
861,800
274,833
8,100
06.368
150.000
20,363
437,994
461,874
667.607
7,151
819,029
42.770
85,39&
3,508,627
941.636
327,519
4,7 77,783
2,500.(!0O
1.242.000
.-)97,7f-9
4,777,783
20,757,058
2,416,606
21,596,979
762,243
GENERAL INVESTMENT NEWS.
108^4
126
103
125 >.j l;0
J.AJ.
2d, I ref., J.
J
2d, puar. by W.Co.,J.AJ.
68, od, guar., J.
J
Wllm. C. A-ag.-68
Wll.
78
Per share.
A
B
Pittab.ACon'eUs.— 78JAJ
Union RR.— Ist, gna.JAJ
19
8S>.,
179L4ftO
14,031.000
4,107,987
Taxes
512
60
RAILROAD BONDS.
Atlanlh A Charl.— Ist....
Inc
/laltimore A Ohio— 48
Charl.
1893.
6s,1905
Consol., 6s, 1913
1st,
I
90
Western Maryland
2d
122
4112
17
Total assets
Permanent Investment
Net income
110
100
50
Cen. Ohio.- 6s, lat.M.AM.
1908
Belvid'e Del.— l8t,68,1903
3d, 68, 1887
Ex-dlTidend.
125
Parkersbnrg Br
Central Ohio— Com
Prof
113j
31 3i
47',
Inc. 7s, end., coup., '64
Ashlab. A Plttsb.— l8t,6s
•
..
Ist pref.
2d pref.
521^
54'4
—
1897
3',124'22'i
2 274 I.'iS
82,303
PROVIDENCE & WORCESTEI?.
Nav.— 6s,reg.,'84. 110
reg.,
43,985
1,284.225
1,839,990
$32,428,199
3,705,672
481.190
Total income
Total expenses
81
Atlanta A Charlotte
Baltimore A Ohio
100
RAILROAD BONDS.
Allegh. Val.-7 ».10s,
7s, B. eit., 1910.
Gap— Ist, 78,
108 Ti
ColumbiaA Greenv.— Ists
Lehigh Navigation
Pennsylvania
SohuylkiU Nftv., pref
Bell's
1031a
RAILR'D STOCKS.tPar
CAN.VL STOCKS.
Ist, 68, reg.,
96
BALTIMORE.
9
21
A St. L.—Com.
J.
A Del.— Ist, 88,1886
Schnylk. Nav.— Ist,68,rg.
3d, 68, reg., 1907
,
Phila.
Phils.
Phila.
15
1(13
Cost Of road
Cost of eiidlpiuent'
L.inds, stock, bonds, etc
110
1896
Mort. RR.,
66'4
A .sch. Haven...
A VVest'n—Com,
Taxes
65
40
25
124
Cons., 78, reg., 1911
Pennsylv.- 68, cp.,1910..
.
Nesqtiehoiiing Valley
'
Gen., 7b, coup.. 1901
53
_
Preferred
Lehigh Valley
Preferred
Little Schnylkill
62
20
W.Jersey&AU.— lBt,68,C. 108
Wealern Penn.— 68, coup. 107
SB's Lehigh
ist preferred
2d preferred
Delaware A Bonnd Brook
East Pennsylvania
£lmira A \V Ullamsport..
Preferred
l-'OHi
Cons. 88, gold, 1901....
Cons. 68, gold, 1908....
Oen., 4s, KOld, 1923....
Ches.
Hnntiugd'n
99'4 100
CANAL BONDS.
Catawissa
MlnehlU
434
Operallug expenses
I
United N. J.—Cons.6s,'94
l8t,78, 1899
Cons, 6s, 1909
Phil
Eaniiiigs. freij^lit
_
Total traiisiiortallon earnings...'.'.'.'.'.'.'.'.'.V.'.
other incomi'
Cupltnl stock
lir.
Warren A F.— 1st, 78, '96 98
West Chester -Cons. 78.. 112
W. Jersey— 1 at, 68. cp.,'96 1151,
PH1L,ADELPH1A
RAILROAD STOCKS.)
17.^,4.^2
09:<,7«1
Fimded debt
Unfunded debt
126"'
16
Tex. A Pac— Ist, 68,1905
125
Consol.,63, 1905
2218 Union A Tltusv.- l8t, 78.
25
Deficit
Total (letloH Sept. 30..
New construction
Earnings. I'H88en)?er...
LIABILITIES.
Pitts. Tltns.
12"8
Rentals.
Interest
Cash assets
Front and loss bjlance
121
110
123
A B. 78,cn.i 35
ShamokinV. A Potts, 7s 5120
70
22
2,941,«3»
<947,215
130,132
092,535
ASSETS.
87
128'
121
,
Ci'Dtral, pref
1884.
>3.34I2,08S
$3,303 «T.5
2,3i6,4J0
«s.
conp.
lO'e PennsylT.- Gen., 68, reg
178>a
Oen.,0s, cp., 1910
II8I4
Cons., 6s, reg., 1905...
Cons., 6s, coup., 1905...
Cons., 58, reg., 1919...,
Pa.
N. Y.
78, 1896.
178 >«
118
18a
Bo!*ton A Maine
183
Boston .t Providence
Boston Kovpio U. A Lynn ill»
A
12>9 13
t'a:ilt'ini;i Southern
7,1906
5P0
CaiutiriiUo
Perkloraen— Ist, 8s.cp.'87
«77
prelerred
Cheshire,
Phll.AErle— lst.7B,cp.'88
48
45
Chic. A W eat Michigan..
Cons., 8s. 1920
lU
Cinn. Sandusky A Cleve.
Cons., 5s, 1920
105
Phila. Newt. A N.Y.— 1st
Conneiiicul River
Phil. A U.— Ist, 8s, 1910..
87
Cuuu. A Piissnmp^lc
2d, 7s, coup., 1893
it's
Cleveland A Canton
Cons., 78, reg., 1911
J>et. Lansing A No., pref. 100
Cons., 78, coup., 1911 ..
57
67^4
Kastem, Mass
Cons., 68, g.,I.R.C.1911
ij
1X4
14
Flt<*hhnrg
Imp., 63, g., conp., 1897
10
Flint A Pere Marquette.
Gen., 6s, g., coup., 1008
88
81)
Preferred
Gen., 7s, coup., 1908....
90
i
Fort Scott A Gulf
Income, 7a, coup., 1896
iliO 132
Preferred
Cona. 5s, 1st 8er.,c.,l*.*22
68
Iowa Falls A Sioni City. 65
Cons. 5s, 2d 8er.,c.,1933
65
Kan.C. CMu. A Sprtngfd
Conv. Adj. Scrip, '85-88
65
Kan. C. Sprlnuf. A Mem.
Debentme coup., 1893i
42I3
42
Little Rock A Ft. Smith.
Scrip, 1882
w,
23
23
Lonlsiaua A Mo. River
Conv., 7s, R. C, 1893. .«
50
Preferred
Conv. 7s, cp.off, Jan.,'85
117
Maine Central
Phil.Wil.A Balt.-48,tr.ot
Marq. Hougtal'n A Onton. 241.J
Pitts. Cin. ASt.L.— fs,
Preferred.
.
ozpeDMs
Net incnme
Cons. 6s, C.A R., 1923.. 128>4i29
N. O. Pac— 1st, 6s, 1920.
No. Ponn.-2d, 78, op. '96. 12s >,
ino
Gen., 78, 1903
Debenture 8s, reg
108
„
Norfolk A West.— Oen.. Bs i 99
N. B. Dlv., Ist, 8s. 1932 596 Hi' 99
N. Y.Phil. A Nor.-lst, 68 105 100
40
Inc., 68, 1933
Oil
Atchlaou
,
Total
I
SO
Iltt'OlllC
1885,
m
Total inoome
gld.,7s
Jack. A Sonthe'm— lst,6s
Oen., es
Leh.V.— lst,6B,C.AR.,'98
HO
121
Ill's irj
01
NEW YORK A NEW ENOLAND.
Receiver Clark makes the following report:
Kit
perpetnal
'
Sept, 30:
105
Harrlsb'g— 1 st. 8s, 1883.
110
H.AB.T.-l«t,7s,g.,1890 110
Cons. 5s, 1895
87 Sj
13^
Olacol.iny-Bs
melilo A Ark. Val.— 7s..
I US
119
cp..igo0'04
'
SiTlp
Di'biutuic, lOs
N. Y. A N EngIan<J-78. .
ds
So.
tis,
(For the year ending Sept. 80, 18S5.)
The following Btatisticg are from the returna made to tb«
Mnssat^husetts State Commissioners for the year """"«
ending
118(« ELAWmsp't-lsl,6s, 1910
A Mem.— 6s
MliUoA
ANNUAL REPORTS.
Cor.CowanA .\nt..deb.Oa,
Delaware— Os, rg.A op.,V.
DeL A Bound Br— lat,7s
132
Bast Penn.— 1 St, 7s, 1888 104
laiii /BaatonAAmb'y— 6s, 1920 109 >9
liosiiii
.."
Mexli'sn Central— 7s
N.
109
RnilroiidH in MaMHaclinHettf.
7s, reg. Aooiip....
Connoct'g
119>ii
8.— 7s, Ist
2i> iiioil
New
lie
K. Cliv.si.jo.AC. B.-7a,«aa
K. City
108
:.....
Co.—Ba, 97.
Catawissa— lat, 7s, con. o.
Chat. M., 10s, 1888
IIH
Nebraska, Bs... Exempt 110
Nebraska, 6s.Non-ex'pt UH
00
Nebraska, «s
Conn. A PartHnmpslo— 7s.
Coniinttun Valley— 6s....
Ksst'rn. Maui.— 6s, new.. 131
Ft.
JtKD
Atl.-lsl,7s,(.,'9H
Sd, es, 1904
Cons., 6 p.
Cam. A Bnrl.
.
A
A
Untyestmettt
4s
108^1
Mort.,ea, 1889
liiS
Boaton
Bonton
LlttUrii.
Bid
Annapolis
& Elk Ridge.—The
—
107'«
Last price tUa week.
&
Elk Ridge
Thv- road is eighteen miles lonjr, extending from
Annapolis to the line of the Baltimore & Ohio Road.
Unit i more & Ohio. It is reported, on apparently good authority, that this company has made an agreement with the
Philadelphia & Reading for the use of its tracks as far as
Bound Brook, N. J. From this point the B, & O. may use Ihe
^10(),0(M).
100
100
Annapolis
Railroad, with its real estate, was sold Nov. 10 by the trustees
of the bondholders. It was purchased by the bondholders for
THE CHRONICLE.
556
Central of N. J. tracks and its terminal facilities, or it may
build its own line to N. Y., using the Erie terminals or those
of some other company, this remaining to be determined in
the future.
It is stated in Philadelphia that Mr. Garrett, President of
the Baltimore & Ohio, has just negotiated a portion of a loan
of $4,500,000 on the Schviylkill River East Side Railroad. The
bonds bear 5 per cent interest, mature in 40 years, and are
guaranteed by the Baltimoi-e & Ohio Railroad Company. The
East Side Road is that portion of the new Baltimore & Ohio
line in the city of Philadelphia, and it is said that the loan in
question will complete tl e connection with the Reading. The
first loan, negotiated at the outset of the enterprise for building the road to Philadelphia, was $12,000,000 at 4^4 per cent.
The following is an abstract
report for the year ending June 30, 1885:
25, 1886.
1835.
Oross esrni ngs
Op -rating expenses
—
Balance
2,341, 'i99
],S6H,03"
281. 8ai
Interest accrued
Dividends dpclared, 8 per cent
SniiJlus tor tlie .Tear
Passengers carried
Tons of freight carried
56J,Of'0
560,000
14,960,172
2,275,034
Cairo Division of Wabash
St.
Louis
& Pacific—Notice
is
given that assents to the reorganization of the Cairo Division
have been received from holders representing about 90 per
cent of the bonds, and that outstanding bondholders desiring
to participate in the scheme must signify their assent and send
in their bonds on or before the 15th day of December next, to
Anthony J. Thomas and Charles Edward Tracy, Committee,
83 Drexel Building. New York
California Southern.— The last spike in the California
Southern Railway was driven Nov. 9 at Cajon Pass. This
gives the Atlantic & Pacific Railroad through connection to
the Pacific coast, with San Diego as its terminus.
1883.
$941,918
Totals
Net earnings
1S84.
1885.
$126,431
131,631
185,271
211,060
$139,430
i50,9e3
211,162
290,011
$664,415
54H,140
$791,567
489,717
$105,275
The mileage operated was 536
till
September
$301,850
1885,
when
it
increased to 590.
Lackawanna & Pittsbnrsr.— In Buffalo, N. Y., Nov. 7, the
Court made an order directing the receiver to turn over all
of the rolling stock on the road to the Central Trust Co., of
New York, within thirty days. The receiver was also directed
to furnish the Court with a schedule of rentals due for the use
of this equipment. No movement has been made towards resuming operations on
this road.
Manhattan Elevated.- At the annual meeting of the Manhattan Elevated Railway, Messrs. J. Pierpont Morgan and S.
V. White were elected directors, in the place of Messrs. W. E.
T. W. Pearsall.
Mr. Cyrus W. Field voted the
proxies on over 82 ]>er cent of the stock, and the following
elected Jay Gould, R. M. Gallaway, Russell
Sage, Chester W. Chapin, Sidney Dillon, Edward M. Field, J.
Connor and
membprs were
j
:
Pierpont Morgan, Cyrus W. Field, John H. Hall, George J.
Gould, Samuel Sloan, Simon Wormser, S. V. White. It was
found that $30,168,300 worth of stock had been voted upon,
being more than 84 per cent of the whole. The annual report
shows
definite action has been reported.
$1,393,082
Operating expenses
19t,20;i
Beech Creek Clearfield & Southwestern.— It appears that
$5,000,000 of bonds were issued to Contractor Magee in 1833,
and that the company reported on the 31st o£ December, 1884,
no funded debt and $1,867,500 of bills payable. The bonds in
question were pledged as collateral for the loan of $1,300,000.
A committee recently appointed was to report on a method
by which the debt of $1,800,000 can be paid, and the bond
owners get possession of their bonds, which are now held as
collateral security for the debt. The members of the committee are Messrs. W. K. Vanderbilt, Twombly, Peale, Hart
and Beach. A meeting was held in N. Y., Nov. 13, but no
$1,699,925
August
September
October
4.38S,461
2,2S8,«g7
30?, 455
270,467
110,000
15,5B7,375
2,132,934
$3,776,784
2,383,702
July
—
Rentals
receiver's
1884.
$4,173,263
2,473,338
the following statement:
Gross earnings—
Boston & Maine. The directors of the Boston & Maine
Railroad have made their first annual report of the road to
the Railroad Commissioners since the consummation of the
lease of the Eastern Railroad. From that report the following
figures for the year ending September 30, have been taken,
the figures for 1884 embracing the combined reports of the
two separate roads in that year:
1885
1884
Total income
.$6,577,148
$1,551,550
1, 109,660
2 ,73 :J,22 3
from the
XLI.
Gulf Coloraao & Santa Fe.— The earnings of this road
for four months, from July 1 to November 1, are shown in
additional $4,500,000 will make the total loans |16,500,000,
which, it is said, will carry the work to completion.
Net income
$4,0:21,566
Net earnings
$1,288,343
Construction, equipment and
taxes
346.423
The
Total expeuses
Vou
:
Gross earning and income
Operating exp. and taxes
Net income
and rentals
Interest
Balance
Dividend 8 per cent..
Surplus
1885.
1884.
$7,(ic0..o67
$6,726,359
3.884,949
Inc.
Inc.
$274,208
83,034
$3,032,^84
1,459,043
[i2,841,410
1,381,713
Inc.
Inc.
$191,174
77,330
PI, 373,541
$1,459,697
1,170.000
Inc.
Inc.
$113,844
390,000
3,907,983
1.560,000
$13,541
Changes.
$289,697 Dec. $276,156
Operating expenses for the year were 58*13 per cent. Passengers carried
Second Avenue
13,834,750
Third Avenue
48,399,496
Si xth Avenue
30,704,078
Ninth Avenue
10,416,405
:
Canadian Pacific— The last spike of the Canadian Pacific
Railway was driven Nov. 6, and the oflicials received a dispatch from the Governor-General conveying his congratulaT„tal
7(?3,354,729
tions and best wishes for the success of the road, and stating
The Manhattan Elevated Railroad report shows that the
that he had received the Queen's command to convey to the
people of Canada her congratulations on the completion of the operating expenses, exclusive of_ taxes, decreased m the year
ending Sept. 30, '85, $165,457, which, with the increase in gross
railroad.
income, increased net earnings $439,665.
—
(The
actual increase
Central Iowa. This company has made a lease of some 14 in net income after payment of taxes
was $191,174, as shown
new road from Mason City, la., to Lyle, Minn
above.)
The decrease in the surplus shown in the
built to connect the Central Iowa with the Minneapolis &
comparative statement grows out of the fact that 6 per
Northwestern, and through which the Central road secures a
cent dividends on the full amount of $26,000,000 authorized
St. Paul connection.
The lease is for 6 per cent on the cost.
capital stock is charged tliis year, but was not last year. The
Denver & Rio (Jrande.- The modifications of the plan of introduction of 5 cents fare on Sundays reduced the gross
reorganization as they have been accepted by the European receipts for the year ending Sept. 30, 1885, over $100,000. The
committees have now been received in New York. They em- daily average number of passengers carried during the year
ending Sept. 30, 1885, was 283,164. The greatest number of
brace substantially the following points:
The reorganization committee sliall consist of nine members Instead passengers carried during any one day was 400,076.
of five.
New England & Southwestern. Maps have been filed in
The cash assessment on the capital stock is reduced from Si to $6
per share, for which $6 will be given .$12 in the preferred stock of the the Orange County Clerk's office in Goshen by the New Engnew company.
land & Southwestern Railroad Company, signed by Chauncey
The capital stock of the now company shall be increased to $28,000
Vibbard, President, and William V. Smith, Chief Engineer,
000 (if preferred and $45,.500,000 of common stock, and the 4 per cent
covering their line of road from a junction with the Erie Railfirst consolidated mortgage gold bonds shall be increased to
$42,000,000. The increases of capital stock, both oreferred and coramnn, a»d of road's Greycourt branch, crossing the Hudson River at Storm
the consolidated bonds, are to be used exclusively for the purposes of King Mountain and making connection with the New York &
acquiring tlie property and franchises of the Denver & Bio Grande
Western Railway Company, or for extending tile line of the new rail- New England and Harlem roads at Brewster's, New York.
A dispatch from Taunton, Mass., said that the contract for the
road company to Ogden.
Car trust certificates will receive $600,000 in cash and for the bridge over the Hudson has been awarded to the Phoenix
remainder then outstanding the following, viz.:
Bridge
Company, but it is doubted whether this is correct.
certificate of $1,000 bearing 6 per cent interest,
o.,*"S''.?*'''\''^'*™^*
a.1.200 in 4 per cent consolidated bonds of the new company and .$200
York
& New England. A meeting of the Executive
New
miles of
,
—
-
and each ear trust certificate of $1,000 bearin"
7 per cent interest, $1,200 in said bonds and $400 In said preferred
in the preferred stock;
stock.
The 11th article of the agreement of June lOth, providing for the
cancellation by the committee of the unused preferred stock, is abrogated.
_
The
full
scheme proposed by the committee for the reorganDenver & Rio Grande "Western will be issued in
ization of the
a few^ days.
East Tennessee TirginiaA Georgia.— At KnoxviHe.Tenn..
met for their annual
meeting. The Secretary did not comply with the by-law
which
requires him to furnish at the annual meeting
a complete list
oi stockholders; consequently
no business could be transacted,
"''" ^°^^ unless he has been a stockholder
Vi "
wiree months.
The annual meeting was adjourned to March
JNov. 11, the stockholders of this railroad
w
—
Council of the State of Massachusetts was held for the special
consideration of the State's interests in the New York & New
England Railroad. The State holds $1,737,000 of the second
mortgage bonds of the road, upon wliich no interest has been
paid for the last year and a half. For the last year, however,
the State accepted additional second mortgage bonds in payment of the interest, making the total amount of such bonds
in the treasury |i, 843,000.
Upon this amount the last six
months' interest has recently been defaulted. Receiver Clark
made a statement of the condition and workings of the road,
and the Governor and Council finally voted to place the State's
bonds upon the market by advertising for bids for the same,
reserving the right to reject any or all proposals. It is reported that the bonds may be sold at private sale to parties
friendly to the company.
NOVKMBBH
—At
14.
Bostoa,
THE CHRONICLK.
ltt85.J
November
the equity seesion of the Su-
10. in
preme Court, Judge Dov-'na. in tho case of Larab agiiiiiHt the
New York it New Kngluiul Railru.td Company, ordered an
iujuction to iaauo to reatrain tlie dofendaiit company from
Mr. Lamb,
issuitiK preferre<l stock to pay off its flonlint; dobt.
wlio i8 an owner of common stock, claimed that the scheme
winch w;i3 beitip carried out by tlie company would wipe out
the conitnon stock, wlulo on tlio other hand the corpoiaticm
contended that it had tlie power tn make the exchange, under
a special statute of 1S81. Judge Uevens said In had no doubt
of tlie desirabdity and practicability of the scheme, and he
could not »oo how any owner of the common stock could be
harmsd. as the common stock was not liable for the floating
debt. The tjueation at is.sue wius a very narrow one, but the
rules of the statutes were not as flexible as those of common
law. Owing to the importance of the matter to the corporation,
he woulii reserve the question for the
full court.
Now York Stock Kxchange.—The Governors
of the Stock
Excliango have admitted to dealings at the Board the following securities:
&
Missouri Kansas
Texas Railway.— An additional issue
of $10(i,0(H) of the general consolidated 6 per cent bonds,
making the total amount now listed |3l, 000,000.
Chicauo MiLWAUKEK
ST. I'AUL RAILWAY.— An additional
issue of $5,000,000 preferred stock (after November 16), making the total amount now listed $'21, 540,983.
&
Columbus HooKino Valley
&
Toledo Railway.— An
making
additional 13,835 sharec>($l,ii83,o00)of the capital stock,
the total amount now lifted #11,700,000.
Northern Pacific Railroad. —General second mortgage
gold bonds, dated December
1, 1883, and due
amount, 120,000,000.
Valley Railway of Ohio.— Consolidated mortgage 6 per
cent gold bonds, due September 1, 1921: amount 11,000,000.
The bonds are subject to the prior lien of a first mortgage for
$1,600,000 on seventy-five miles of road from Cleveland,
through A kron and Canton to Valley Junction.
6 per cent
December
1933;
1.
—
in
Oregon Improvement Company. Gross and net earnings
September and for ten months from Dec. 1 were as follows:
.
September..
1885.
1S84.
.
.
—
Dec. 1 loiSepi.'.iO.
1881-3.5.
18^:i-81.
Oross eamiiiKS
Operatiug expenses
$244,406
l!!8,588
$289,578
213,811
$2,3:8,403
1,865,062
$2.77.i,S62
2,152,:i29
Net earnings
$55,908
$75,764
$473,431
$623,5;i3
Oregon & Trans-Continental.—The Boston Herald says
"The exact amount of Navigation stock called on the Oregon
& Trans- Continental loan option was 5,579 shares, of Northern
Pacific preferred 30,320 shares, and of the common 27,328
shares were called, at 100. 50 and 35 for the stocks, respectively; the amount of Oregon & Trans-Continental debt reduction from this call was $2,449,600, instead of $3,798,700, stated
last Tuesday on the estimate of 6,000 shares of Navigation
being called. Tlie Oregon & Trans-Continental debt, less stocks
sold, was Nov. 2 $8,873,400 with every probability that it
:
will be reduced to about $6,800,000 Dec. 31, without the sale of
any of the 139,413 shares of Navigation stock, 56,730 Ncrtheru
Pacific preferred, or 79,321 Northern Pacific common, remaining in the treasury."
—
557
road, for a consideration of $10,800,000,
was
filed
Nov. 12.
Scioto Valley
in Buffalo
—The following i» a «tatjment of gross and
net earnings for three months, July to .Sept., 183.5:
July.
Aug.
Kept.
Total 3 moi
Gross naminKS
»12,«88 $17.-1HS $0],qn9
«l4t,S7
Operatlui; expenses
33,451
3A,100
35,610
I0t,1601
Nit.aruiUKs
$8,837
&
$12.2*0
«l6,4/il8
$37,411
Loulit.- A press dispatch from
Chicago, Nov. 11, Buid
"Judge Gresham to-day settled the
terms on which the Toledo Cincinnati
St. Uouw Railroad is
to be sold- under foreclosure.
There were two mortgages
foreclosed, one of about $3,000,000 on the western end of the
line, extending from Kokomo, Ind., to St. Louis, and another
for $3,400,000 on the eastern end, extending from Toledo to
Kokomo. By the terms of Judge Gresham's decree, Gen.
McNulta, the Receiver, and W. P. Fishback, Master in Chancery, are to make the sale at Indianapolis after 30 days' notice
by advertisement. Both branches are to be s(dd at the same
time and place, the minimum price fixed being $900,000 for the
western end and $800,000 for the ea.-«tern end. On the latter
$35,000 and on tlie former $50,000 is to be paid in cash at the
time of the sale. The Receiver's debts, amounting to over
$800,000, and the court's costs are to be paid flrst out of tile
proceeds of theeale."
Some of the press dispatches as", to the recent decisions
affecting this company, have been confused and erroneous.
Tlie hearing before Judges Baxter and Gresham in Cincinnati
on the 2nd were on the report of Special Master Ricks as to the
terminal property in Toledo only. In December, 1884, all the
conflicting interests represented by counsel appeared before
Judge Baxter in Toledo, and requested him to make such a
reference and order in harmony with the railroad foreclosure
proceedings in Indianapolis as would enable a master to take
testimony and report as to whether the railway mortgage or
the terminal trust mortgage had a prior lien on the terminal
property in Toledo. Judge Baxter was much opposed to this
disposition of the case at flrst, but after extended argument
made such an order which was also entered in the Indiana
Circuit; the same master being, consequently, the appointee of
both courts. The master's report was noticed in the Chronicle
at the time it was made. The occasion of Judges Gresham
and Baxter sitting together on the 2nd was to hear the exceptions to this report. Judge Baxter returned substantially to
his original position, and declared that the settlement of title
while a railway property was in the hands of a court would be
pernicious, and tend to cause grievous delay in foreclosure proceedings; and that he thought the best thing that could be
done would be to foreclose tiie mortgages and let the purchasers at each sale fiijht it out afterwards.
Tlie decisions of last week in Indianapolis referred to the
separate foreclosure proceedings under the eastern and western
division mor tgages. In the c ise of the former the Court
decided that the mortgage extended over the Frankfort
Toledo & St. Louis portion of the road, and in the case of the
latter, over the Frankfort & State Line.
Notice of appeal has
been given as to the latter decision, and the Court has fixed
the bond in the sum of $800,000, which is subject to increase.
But no bond has yet been filed, as reported in the press dis-
Toledo Cincinnati
St.
:
&
—
Pennsylvania Schuylkill Valley. A proposition to inthe bonded indebtedness of the Pennsylvania Schuyl- patches.
Valley Railroad Company from $4,.''>00,000 to $10,000,000
Union Pacific. Land sales for October and from January 1
will be voted upon at a meeting of th-i stockholders, to be held
next mo th. The line has been built in sections, but the only to October 31, ten months, were as follows:
1881.
1885.
indebtedness incurred has been a first mortgage of $4,500,000
October.
Acres.
Proceeds.
Acres.
P-rneeeds.
on the road between Philadelphia and Reading. The Reading Union Division...
$i-.i5,m
92 ISO
6l,s:3
$7!»,437
354.793
& Pol tsville Road was recently consolidated with the Schuyl- Kansas Division... 103',S28
U«,502
479,344
kill VHlley, and it is no.v proposed to cover the entire line and
178.315*
Total
198.478
$iij0,211
$'.=.8,731
branches, including the road to Frazer's, with a mortgaee of D.'ff-rc.ice in 1885
Inc. $.8,570
,... Dec. 20,163
the amount named. This is the road of the Pennsylvania
13°4.
Ten monthsH85.
Railroad Company which runs into the Philadelphia & Read- Jan. 1 to Oct. 31.
Acres.
Proceeds,
Acres.
Proceeds.
crea.'se
kill
—
.
.
.
Union Division
ing territory.
—
(Quicksilver Mining Co. The directors havd voted to retire
their preferred stock, amounting to $1,300,000, by the issue of
$3,150,000 bonds. This action will be submitted to the stockholders for ratification.
—
&
Rochester
Pittsburg. At the annual meetina: of the
Roche.Nier & Pittsburg Railroad Company, the following
directors were elected
W. H. Brown, F. A. Bro>vn, G.
P. Stone, Henry Day, Amlrew Pierce, A. L. Hopkins, George
W. Parsons.Wheeler H Peckham, JohnH. Hall, F. O. French,
James Francis, Alfred Roosevelt and T. F. Went worth. Ninetyfour tliousand seven hundred shares of stock were voted upon.
The financial statement read by President Brown showed the
following for the fisjal year ending Sept. 30, 1885
:
:
18-4-5.
Gross earninss
Operating expenses,
(69-8
Net earniiips
Interest, taxes
lS8:i-l.
$1,''6 .n'S
849,'224 (73'92)l) 7M0,i)6.'>
$',216,679
and rentals
Deficit
«
4S4.9C0
$27H,96-i
563. .;W0
$117,445
$284,322
$;?67.455
Amouiiisol' interPBt and rentals paid tliis
year, l>ut properly chargeable to fiscal
year 1884
Coustruulion
14,286
192,764
Kansas Division...
Total
Diffc-reneo in
$324,495
In addition to above, there have fallen due and been extended $77,000 of car trust bonds. The above does not include
interest on the 2d mortgage bonds, which were being foreclosed.
A deed transferring the Rochester & Pittsburg Railroad
from Adrian Iseliu to the Buffalo Rochester
Pittsburg Rail-
—
&
609.3
$',iiHI.5l9
,
.
4.16-',146
).i
2,14},161
374.710
1,230,160
$3,531,010
4.536.>i.')6
1885
Dec.3,3 j6 6.^6
$6,«<0,a88
1.611,649
*7,«8-,637
$1,457,627
Valley Railway of Ohio.— This company's statement to the
Stock Exchnnge lifis the following undtr date of October 16,
1883.
The Valley Railway Company of Ohio herewith begs
to make application to your committee to place upon the list
of the New York Stock Exchange its 6 per cent consolidated
mortgage coupon bonds, No<. 1,601 to 3,.300 inclusive, for
$1,000 each, dated Sept. 1, 1881, payable at the banking house
Co., in the city of New York,
of Me.ssr8. Drexel, Morgan
in gold coin of the United States.
Borids mature on the Ist
&
of September, 1921, interest payable semi-annually on the first
days of March and September of each year. Bonds Nos. 1 to
1.600, both inclusive, have been placed in escrow with the
Central Trust Company, New York, to cover $1,600,000 of the
first mortga!<e b mds of said rail«ray company.
Rjuie laid
down in charter from Cleveland, through tne cities of Akron
and Canton to Martin's Ferry, O., opp isite Wh-eling. Va.
Completed and in operation— From Cleveland, through Akron
and Cinton to Valley Junction 75 45-100 miles.
No extension contemplated at present.
Assets
Total deficit
620,827
.
.
Coiisi
-
motion ot road and e<iuipment
Liabitittes
—
Oaiiilal scnclc
Kirsc luorteaso bonds
''iiuxolidated mortgage t>ond8
Uufuudid debt
Total
$4,740,117
$1,'201,000
1,600,0
8e3,ti00
1,076.417
$4,740,417
THE CHRONICLE.
oot
Earnings and operating expenses for year ending June
30,
tommeraal
3^hje
1885:
KaraiDgs
Oi>eratmK expenses
$554,305
324,411
Net earnings
f229,8'J3
[Vol.
xu.
%i\nts.
COMMERCIAL EPITOME.
H. Wade, Cleveland, Ohio, is the president.
Friday Nisht, Nov. 13, 1885.
Wabash St. Louis & Pacific— A press dispatch from St.
There
is little to be said of the state of trade.
We are
Louis, Nov. 12, said: The receivers of the Wabash road to-day
filed in the United States Circuit Court a report of the earn- approaching a period when business for the autumn season
ings and expenses of the leased lines for the quarter ending
comes substantially to an end. The holidays are near at
Aug. 31, There was an excess of earnings for five lines as follows: Chicago Division, |33,000; Indianapolis Division, $19,000; hand, and the work of making up the year's accounts will
Mr.
J.
& Chillicothe, $6,000; Centreville & Albia, $2,000;
Booneville, $1,200. Each of the other seventeen lines shows a
The total deficit
deficit, the aggregate for all being ,$98,000.
for all the leased lines is about !;'47,000.
to
the
Court
to have the
The receivers have applied
Nebraska
Pacific and the Missouri Iowa
Quincy Missouri
roads charged respectively with their proper share of the re-
Brunswick
—
&
&
ceivers' Certificates.
Wisconsin Central— Belt Railway.— The Boston Herald
remarks "The current report that the Wisconsin Central had
been denied entrance into Chicago by the Chicago & Western Indian 1 is not true. The facts are that the Wisconsin
Central applied for entrance over the Belt Railway, and thence
over the Western Indiana into Chicago, and, at the Western
Indiana meeting held last Tuesday, it was decided to decline
the proposition so far as the Belt Railway was concerned.
The Belt Railway was built solely for the interchange of
freight between the different railroads centering at Chicago,
and passenger trains passing over it would greatly hinder the
freight business. The Wisconsin Central was not denied the
terminal facilities of the Western Indiana, but the method of
reaching them was not feasible for the reasons stated. Parties
in a position to judge say it is highly probable that the Wis:
consin Central will avail itself of the terminal facilities of the
Western Indiana by methods that will not conflict with the
Both the Belt Railway and the Chicago &
Belt Railway.
Western Indiana are owned in common by the five followingnamed companies Chicago & Eastern Illinois, Chicago &
soon begin.
Transactions, however, continue on a fair scale,
and the feeling
for the
coming year
is
very hopeful.
Lard futures have made some further advance in values,
and the speculation was at times quite active. This afternoon
was
the close
for
at 6'41c. for
February and
December,
6-59c. for
March.
6*46c. for
January,
6'51c.
Spot lard has further ad-
vanced, but with less activity, and closes easier at 6'25c. for
prime city and 6 40® 6-45c. for prime Western.
$8@$8
active at
Refined for
Pork was firmer and
the Continent closes at 6'65c,
50 for extra prime, $9
fairly
75@|10 25 for mess and
Cut meats are steady; pickled hams
$12(2 $13 50 for clear,
at 8 1-4® S^^c, pickled bellies 53^@6}^c.
and shoulders 4}.^@
4?4C.
Beef and beef hams are quiet, but firm.
Tallow
at 4J^c.
quoted at 6J^@7c.
has ruled quite firm, and creamery closes at 19@29c.
Cheese
has been quite active.
is
Stearine
is
Butter
lower at 6i^@10o. for State factory.
Coffee
on the spot has been rather quiet and
prices are with-
:
Grand Tiunk, Chicago & Atlantic, Louisville New Albany &
None of these
Chicago and Wa'iash St. Louis & Pacific.
roads are competitors with the Wisconsin Central, and it is
not understood that there is any objection on the part of any
of them to allow it an entrance on terms favorable to all
parties concerned."
Worcester Nashua & Rochester.— This road has been
leased to the Boston & Maine for fifty years from Jan. 1, 1886,
at a gross rental of $350,000 and taxes. Taxes last year were
The Worcester Nashua
Rochester retains its cash
$13,705.
balance and pays existing debts, except for equipment and
supplies not yet delivered. It disposes of the rental for interThe .|250,000 upon the otitstanding
est, etc.. as it elects.
stock would net some 6)4 per cent, but as there are 4,802
shares in the treasury, the Boston Journal says, this is to be
divided among the stockholders, giving each holder of 100
ehares eigliteen new ones. With the new stockjissued, tlie
rental from Boston
Maine will be suflBcient to pay the stockNashua SJ^ per cent per annum The
holders of Worcester
rental goes in as an operating charge in Boston & Maine accounts, and therefore comes ahead of Boston
Maine dividends as a lien. The lease must be ratified by the Eastern
Railroad stockholders as well as by tlie Boston & Maine stockholders.
&
&
&
&
—
Railroads in New Yorli State (Quarterly Reports.) The
following abstract, showing the operations for the quarter ending Sept. 30 in 1884 and 1885, has been compiled for the Chronicle from returns made to the Railroad Commissioners.
-Buff.N.Y.it Phil.
A Ibany tt Siis.
Receipts
—
—
Gross earnings
Operating expenses.
,
1884.
188.1.
1885.
1884.
$J77.565
483.325
$694,301
416,306
$660,274
391,165
$H8P,567
409,944
Net earnings
$194,240
Income, other sources.
12,750
$247,99i
$269,109
$270,623
$269,109
$270,623
i20,958
$206,990
$268,953
$93,798
$ia2,935
32,f;5S
12,035
61,584
18,713
16.582
35,371
11,163
240,112
Total deductions.. $200,075
Balance, surplus...
$8,915
$253,601
$15,352
$251,275
$17,834
Total net receipts.
Derfucf tonsInterest on bonds*
All taxes*
Rentals*
Higcellaaeous
$
18,568
228,223
out quotable change; fair cargoes of Rio are quoted nomi-
Options have been more active; early in the
nally at 8J^c.
week considerable
interest
at 6 -"Sc. for
Dec,
6 -850.
was evinced, but the changes
and the
prices are not important,
close is quiet,
in
with buyers
for Feb., 6-95c. for April, 7 05c. for
Raw sugars were
day or two, when a more
June, 7'lOc, for Aug. and 7*30c, for Oct.
dull
and weak,
until within the last
was done on the basis of 53^@5 7-16c. for fair
good refining. Refined sugars have been dull and unsettled;
active business
to
hards 6J^@6?:|^c.
Molasses quiet.
Teas sold fairly at auction.
Kentucky tobacco has been much more active at full prices.
The sales for the week are 2,500 hhds., of
which 2,100 hhds, for export and 200 hhds. for speculation;
lugs quoted at 6@ 7,?^c. and leaf 8@13c. Seed leaf has also
met with a good demand, and the sales for the week are 1,850
The market
for
cases, as follows: 600 cases
350 cases 1884 crop,
Ohio,
Havana
1884 crop. Little Dutch, ll@13c.;
Ohio, ^%@Q]4c.; 100 cases 1884 crop,
New
New Eng-
seed, private terms; 150 cases 1884 crop,
England Havana, 14@33c.; 150 cases 1834 crop,
Havana
9® Uc. and
land, 16,1^® 20c.; 350 cases 1884 crop, Pennsylvania
seed, 8@15c.; 100 cases
1881
crop, Pennsylvania,
150 cases 1884 crop, Wisconsin Havana,
bales
Havana, 60c.@$l
and 400
15® 20c.;
also 450
bales Sumatra, f 1
20® $1 60.
The speculation in crude petroleum certificates has been
much less active and prices close at some further decline at
$1
07@fl
15,
071^; crude in bbls. quoted at Ti,i@'1%c.; refined in
and
$707,589
364,256
$d74,104
303,436
620,171
757,400
Net earnings
Income, other sources
$313.'^33
$365,618
.'}!1,033,233
$844,617
naphtha 7?^c. The
was quite depressed early in
the week, with sales for the early months at 30c., but to-day
there is a recovery, witli buyers at 36?4c. for Dec, 37c. for
Jan. and Z~l{c. for Feb. and March. Rosins have been steady.
The speculation in pig iron has gained strength with the
advancing tendency of its products, and today 800 tons sold
for March and April for $17.
Other metals are irregular. Tin
Total net receipts.
Deduclious —
$343,333
$366,618
$1,033,233
$544,617
firm at 20'03@20'30c spot, 2O-05@2O'15c futures; tin plate
neglected. Copper steady for Like at 10'70@10'90c; Balti-
bbls. at 8}^c.
$246,791
$23,832
'Proportion for quarter, whether paid or not.
.
Beiis.
.
Rectipis—
Gross ciiruinRS
Operatlugexiienses...
Interest on bond.**
AUtaxcs*
<£-
1?S5.
Sara.1834.
,
19,722
188,569
Total deduclions.. $201,754
_^ Balance. surplus. ..$138, 57.J
$208,291
$157,327
45,900
519,357
Miscellaucous
•
i
a
West.
.
leased lines t
1885.
1884.
$1,653,404 $1,602,017
$
16,185
Ib8,569
Rentals,*
Del. Lack,
Pioportion for (lunrter, whether paid or not
Includes all leased lines in N. Y. State.
565.2567,97J
26,379
495,484
$521,863
$322,754
in cases 934'@10J^c.;
speculation in spirits turpentine
more, 9 60@ 9 'gOe. Lead steady at 4'15®43^c. for domestic.
4'35@4J^c. for domestic.
Ocean freights have been dull, owing to the check to shipments of grain by the maintenance of speculative values, but
to-day shipments were made at 33>^d. to London and S^gd- to
Hull. Petroleum vessels were in fair demand at Is. 10}^d.@
3;. IJ^d, for refined to leading European ports.
.Spelter quiet at
November U,
THE CHKONICLE.
188.').]
COTTON.
In addition to above exports, oar tetogranu to-nlKlit alio Rfre
08 the following amounts of cotton on shipboard, not cleared,
at the ports named.
add similar figures for New York,
which are prepared for our special use by Messrs. Carey, Yale
S: Lambert, 89 Broad Street.
Friday. P. M., November 13, 1885,
The Movement of the Crop, as indicated bv our teloKnuns
from the Houth to-nittht, ia given bolow. For the week ending
this I'voniiiK (Nov. 13), the total receipts have reached 333,001
tmlea, aKHiiixt 371.433 bales last week, 308,033 bales the previous
wtMjk ami 301,7(14 bales three weeks since; making the total
receiptH since the Ist of September, 1885, .s<)4,93tj balos, agakiat
the Bame period of 1884, showing a
1,11111. IIS.") hales for
ducrouso siuco September 1, 1885, o( 07,0 «l bales.
We
On
NOV. 13 AT-
0real
1
Man.
SaL
Beettptio
OalvoHton
Hobllo
Florida
Savaunah
5,544
2,375
2,825
Indluhuia, Ac.
New Orloaug...
Wed.
Titet.
Thur$.
6,011
3,437
Fri.
Total.
7,372
29,764
7,696
6.331
7,446
5,690
930
980
39,701
416
416
4.141
3,869
25,589
318
472
423
318
Charleston
Pt. Koyal, Ao.
4,098
Wilmington ....
MoreU'd C.,*o
661
1,088
675
672
?9l
3,933
4,964
3,179
4,334
3,646
509
256
673
33
169
51
215
56
3,625
4,701
5,165
Boston
Baltimore
<ho.
week 27,266 45,511 38.271
Totals tills
4,462
423
3,917
9,187
Watt Polnt,(bo
Hew York
Phlladelp'a,
89
889
24,178
9.187
2,350
3 26
453
1,033
326
35.572' 33,792 51.610 232,001
1
For comparison, we give the following table showing the week's
total receipts, the total since Sept. 1, 1885. and the stock to-night,
and the same items for the corresponding periods of last year.
1884.
1833.
Reeeipit to
TM»
Xt>e. 13.
Galveston
ThU
Since Sep.
1, 1885.
Week.
New Orleans.
Mobile
StocK.
Since Sep.
1, 1884.
Week.
83,237
10.094
980!
39,704
Br'sw'k,&c
416
Cltarlcston...
2.'>,589
Pt.Koyal,4c
318
1885.
1884.
M'UeiidC.,A<
423
Norfolk
W.Polnt.&o
New York..
21,178
9.187
2,350
Total
93,394
63
21,703
88,601
890
52,100
11,790
700
3,161
946
207.074
118.337
5,704
24,707
445
8,639
133,014
6,310
17.039
8,402
263,114
1,901,!IS.^
760,010
2,7.i4
4,836
128
!32,0til 1,894.936
63,431
33
218,392
15 077
27
133,009
226,672
19,250
2
99,563
20,518
22,745
3,947
4.015
1,033
7,313
500,103
80,923
18.272
394.312
5.943
281,787
2,921
494
326
.
Fhlladol'a.At
.
._..
54,455
9,577
101,368
0.310
43,233
19..i83
0158
779412
In order that comparison may be made with other years,
give below the totals at leading ports for sii seasons.
at—
1835.
1884.
1883.
1882.
CUarl'sfn, Ac
Wllni'i:fn,Ao
Norfolk, Ac.
All others....
29.764
83,237
10,094
39,704
25.907
4,985
33,363
3,103
21,124
88,740
11,306
46,103
29,892
6,518
52,263
12,668
30,374
81,438
13,998
31.370
17,276
5,636
50,597
11,359
30,646
71,308
11,993
36,918
30,747
4,882
59.031
Tot. this w'k.
232,001
269,114
242,078
Qalve8t'n,<to.
New
Orleans.
Mobile
Bavanuah....
Since Sept.
1.000
4,400
1,200
41.676
16,052
5,000
10,030
Galvo.iton
.Vorfolk
Other porta
Total 1885.
1884
rotoll883
Total
>•<"«<.
$UKk7
9.079
None.
4.^00
r9.220
138.452
3.90.)
Otiitr
n-anu. fortlgn
»'SJ!'!
21,338
None.
None.
1,901
4,76>
None.
300
None.
111,936
29.563
1,56,523
39,324
98,453
19..537
1
1
25.935
None.
2?.650
28,100
1.920
None.
4.250
3.000
9.103
3 -.100
57,369
4,286
None.
None.
85,755
29,873
72,092
34,909
22.629
13,615
1,000
18.2.-.0
31.5.50
13,000
57.051
64.463
41.010
22,900
129,064
30.363
256,127
304,783
2A9..568
489,844
675,765
9,5.50
1
1
1H6.414
i
The speculation in cotton for future delivery at this market
has been quite active this week, and prices have taken a wide
range, showing a very unsettled feeling. Saturday was (|uite
depressed, and Monday opened weak, under the unfavorable
foreign advices, but tlie" report of the National Cotton Exchange,
estimating the crop at no more than 0,0.50,000 bales, and
narrating various unfavorable conditions which h»l arisen in
the course of October, caused an active demand to cover contracts, and some speculation for the rise, on the belief that
prices had at length reached a safe basis, upon which there
was a (luick recovery of 30@25 points. The movement did not,
however, receive general support, but at the advance there
were fresh sellers for the decline. The Bureau report which
appeared on Tuesday was construed favorably, and crop
estimates were again advanced. The foreign markets did not
show any decided recovery, and near the close of Wednesday
prices had returned to about the lowi st figures of Monday
morning. Yesterday an unexpected improvement at Liverpool
caused a demand t cover contracts and a brisk speculation
for the rise, giving the " bear party the first decided check it
had received in many month', but the best prices of the day
were not sustained.
To-day favorable Liverpool advices
caused a furthtr advance with a t-teady closing. Cotton on
the spot was quoted 1-10j. lower on Saturday, alvanc(>d 110c.
on Monday, and declined 1-lOc. on Wednesday. Yesterday
quotations were revised: Good middling and abjve advanced
l-lOc; middling unchanged; strict low middling and low middling reduced l-lflc; strict good ordinary and good ordinary
reduced igC. strict ordinary and ordinary reduced i^c; stained
middling reduced l-lOc; other grades stained red need igc. Today there was an advance of l-lOc, middling upland closing at
>
101,109
252,2?,3
46,403
1,033
29,329
03
5,8)8
2,614
52,755
2.152
180,921
91.794
6.639
4,102
Wlliiiliijrton.
20,796
32S
83,740
11,505
320,887
781
5:0,858
72;438
13,436
378.173
6,669
242,823
29,764
Florida
Savannah
Seeeiptf
32,609
ahtptmard, not eUartd-for
'
...
Iu(l'uola,&o
Boston
Baltimore
New Orleans....
Mobile
Ojarleston
Savannah
83,237
10,091
6,930
5,611
Bruusw'k, &e.
Norfolk
Britain.
New York
7.861 21,411 16,036 11,151 ll,99c< 14,880
791 2,769 2,731
504 2,076 1,217
559
1831.
we
1880.
13,629
37,133
13,405
40,342
28,675
8.568
46.464
22,921
25,314
93,246
20,100
33,793
29,549
8,809
45,888
9,919
259,154
233,402
256,618
1.5.949
:
»?3C.
forward delivery for the week are 714,400
For immediate delivery the total sales foot up this week
4,3-50 bales, including
for export, 4,350 for consumption,
for speculation and
in transit. Of the above,
bales
were to arrive. The following are the official quotations for
each day of the past week.
UPLANDS.
NEW ORLEANS.
TEXAS.
„ _,
Nov.
7 to
flot. 13.
Sat. ITton Tnee Sat. RIon Tnes Sat. Mon'Tues
The
total sales for
—
bales.
—
—
I
j
\
Ordln'y.^tt)
Strict Ord..
Good Ord..
Str. G'd Ord
7»6
6!^16
733
83i8
7 '18
8=8
31 lie
Low Midd'g
9
Str.L'w ilid
Middling...
Qood Mid..
958
9 '8
IOI4
10^8
8%
838
81318
9I8
938
813u
9 '8
87i«
8^8
98l9
914
938
938
9>9
gtllB 91318 913,8 9^8
915,8 lOhg 10118 10>8
105l8 107ia 107,8 101s
1015,8 111,„ ll'l. 1118
93,„
9^16
9=8
8tr. G'd Mid 973
Midd'g Fairi 10>4
Fair
lO's
1894.930 1961,935 1975,589 1945,071 1890.828 2114,524
Oalvcstou Includes Indlanoia Charleston includes Port Royal, AcWiluiluictouluclude8MoreheadCity,Ac.; Norfolk Includes West Poiat,Ao.'
Ending X'lt'.
Exported to—
lF.il*
Export*
Gr«at
/rom—
BriVn.^<""'
Oalveston
13,200
New
«.M4
Orleans..
Stpt.
1,
1885. to
Zbtol
nent.
Week. BHtala. France
25,114
,V.i
13, 1886.
.
Exported to—
Or eat
Conti-
4.652
B,478
From
13.
9'ifl
9"8
938
9»je
8%
17,912
54,»la
Mobile
60.732
121,838
4,147
25,467
58,0S6
87,991
5,100
93,458
62,26i
^ib.
Good Ordinary
Low.Wddllng
Tbtal.
99.346
267.906
4.037
4,037
9%
91«
01»l«
101,8
107,8
i
'
\
1
Frl.
O-'a
898
8I3i«
919
938
9't
7»i«
SVt
8II18
91,
gi-ie
9I11
9i3ie
103,8 101,8
10»,e 10718
113,8 llll,8
9 '8
1018
lOia
lli«
nion Tnes TTed Th.
STAINED.
flood Ordinary
7's
7»ie
915,8'
lOig
1118
Strict
Continent.
8%
813,8
9>8
IH18 lUi.
G15i8
73,
36,8
94,8
9V»
979
1016
week ending
tins evening reach a total
of 114,415 bales, of which 70,398 were to Great Britain, 8,140
to France and 05,377 to the rest of the Continent, while the
•tocks as made up this evening are now 700,910 bales. Below
are the exports for the week and since September 1, 1885.
IOI18
107,8
6^8
75,6
8I4
8II18
;
for the
913,,
7>8
Th. Fri. jW^ed Xh.
TVed
1.
The exports
7^6
7»18
838
81^16
9ie
938
9«s
4^*
71*18
7»I8
84
Mid(Uing....
I
658
76,8
819
813,8
058
611,8
058
8l8
313,8
738
83,8
8'8
8l3ie
61a
73i8
8
83t
Fri.
69,8
714
8i,»
I
8l8i g
MARKET AND SALES.
The total sales and future deliveries each day during the
week are indicated in the following statement.
Florida.
Savannah
a734
Charleston'...
8,395
20,6U 39,2tS
WUminf^on...
Norlollt+
6,32S
13,503
New York
Boston
Baltimore...
Phiiadelp'a.Ao
Total
1884...
9.540
1,3U
1,311
6.325
8,140
95.21H
31.651
15,101
22,6ul
110.66:
2,204
19,930
11,255
Bat.
335
3,550
:ii.3s0
Wed
.1
40t>
11,092
Frl
.
lt»
23.615
10.8t)2
63.377 141,115
535.013
93.814
343,112
207.421
613. 5«--
s.i.oaci
S>.-*.5n5
.S0..V.1
* Includes exports (rom Port Huyal,
*o.
i Iodides exports from West Point, Ik.
SPOT MARKET
CLOSED.
33,i6»
58,780
130,804
20,285
6,!»0
48.884
413
188
SALES OF SPOT AND TBAMSIT.
1H2.8S2
116,288
10,414
53,43'J
20
413
70.89*
59.274
3^.8^1
22.855
7,621
186
.
^total
1,477
^,184
6,145
1'71,999
I
011.096
Men
Tiies
xiioei
Quiet at
.
.
lirmer
rirm at
1,8
dec
Ije tidv..
Quiet at ije dec.
rhure l^uiet al rev. quo.
.
Total.
i
steady at
lig
adv
Ex-
Con-
port,
tump
....(
....
....
....
....
j
Spec- Tranul't'n
til.
J)eli9-
Total.
Salet.
385
864
583 65.300
861213.200
1.177
1,177 147.000
274! 06.200
853' 91.300
593 101.400
274
855
593
4.3501
500
600
600
4,350 714.400 1.70a
actually delivered the day
The daily aellvenes given above are
revlous to that on which they are reported.
THE CHRONICLE.
560
The Sales and Prices of Futures are shown by the following comprehensive table. In the statement will be found the
daily marketj the prices of sales for each month each day, and
the closing bids, in addition to the daily and total sales.
S
IK.
n
sill
5s»
O
a,
tj-a
P
oi*
.TO
ft
s
S.S
OB-
IP
^
CJ OD
-
5
£:
:
en
Kit-
s
I
B
tic'
" o t^r'
o
450,000
2,100
50,100
39,000
561,000
1,500
1,500
4,600
133,000
6,000
35,000
6,000
9,000
130,000
2,600
30,000
7,700
6 500
5
cocc
Total Ckmttnental stocks
209,800
230,600
236,300
214,600
3
Total European stocks ....
India cotton afloat for Europe.
622,900
26,000
489,000
749,60;
43,000
507,000
46,000
779,112
181,980
42.100
768,300
70,000
513,000
68,000
812,179
293,748
50.610
775,600
99,000
507,000
32,000
695,579
200,718
15,100
Ci
I
5
*
III
coo*
9
(SO
«)
to li
tots
5
CO
"
i^^.
<=>
•
I
I
03
eocoo^
ccos
cccb
UN)
2
400
1,900
Amer'ncott'n afloat for Eur'pe
to
CO©
413,000
3.400
32,100
25,000
^
COCO
roto
2
Egypt,Brazil,&c.,afltforE'r'pe
2,3,000
Stock In United States ports ..
Stock in U. S. Interior towns..
United States exports to-day..
760,910
245,744
19,223
3,000
25,200
7,700
400
t^to,-.'^
»r<
I
I
coeoo*?
CD
I
CCIO
CCJ
CD©
^
wrf^
2
tCODco
CCCOo©
COtDc^
coco
o
©CD
5
5
C50S
©©
^
2
©CO
c^cJ•
to
-sJtO
00
^
g
CD©
!5^
tuiil
2
I
6'
cj"
d
CCCDo®
cJi
I^CJiOcJi
2
Ot
CDCD
CDCD
CDOl
I^
I
tfi
"^
00
-6
1
2
® *-:
o
-
1
ob
ocQD
©CD
5
2
»»»:
<
•»
I
9
:
<iM
c ^1
^
CCCD
I
«JabOoc
to
tJ"^
^
©©
©©
ij
a
obcib
CD©
COOT!
"^
a-to
2
*^
^
O
CD©
S
<l <l
»5>;
CCCDo®
cdcdOqd
to
o
o®
CO
o®
5
toco
!j
2
^
®c6
o
'?9o=?
(X
s
©©C
a d) ^
CDCO
5
^<i
2
cod wcD
CO
©CD
5"
X a- 2
I
^*^:
I
oo® ©© Q©
^—
(X
COOo©
cbOob
I
cctb
tl
So 5 o®
CO © 6®
OOoO OOoO
oC CO cmOo Ot-Oo
ot
CO IP
® QOC)' 05
5
2
:
r-t—
OO
^
^-^
Mto
^
ato
I
s
:
-0
I
(»
**
aco'
CD®
1^
<
*I
«
;
I
I
I
I
I
I
I
!
tONi
I
I
I
I
£^ C. (T
- -^
S
OS
I
a.
I
©
©I
to
1
o ©
608,600
o-
=
Q
tp
'^Bc.£,3"'c2".
MtO
01©
"-S
•;;:;
O'
'
t
I
' -
'•J
e.str<x " S S
00 OJ
so
P
cocoj-tH-to^*-**
I
O
I
SM
-H-M'OCoO
MhlC^i
CJl
05
m
111
if^
CO
I
s
I
CD
tw
t
.
I
!
C 0: C" to © w
I
I
I
M
r'i^^l^PS^S^?^
»•£
C<<Iinaj©r'tfi».3oacQOOtol-'CCOlCCHf-'
M
CO© JO CO Vj*."^
I— *-it0 5, WiJ'>"<icooj<x;flj-'X'C:»f»-<li*^
00
Ot
05#»01C"^^©'-'OiC;^O^C;^Orf*#»CiC;^OCCO
O 01 O W
C -J O' to *^ M
o©^Wtoy'(f»-'^<i:)i^©*Jio©oiO©ja
CJl
>*^
to
Oi
*^T^ ^'^^i^ i^J-* W^O <1 03 W 00
wlo©lotooD vics"»MC/'<i'3;ooc;ooiCoco
0:y'i+-uii-«|s:,CJt^^ib.Ui05Cnt0WOCiP-4^
co-Joicwcncoooat)too&totON,woa)©
Pi^
j
I
I:
I
Ci"--i
i-'OOp-©c:
WO'-CC.-^'
M
OSODH'U'CDMCOO:©^;
'o-\o k)
o
to
o w'k-i
O' o
M
cs to
o> KtOiJL.OO©OOQDO—
coVio'x'co'b'
ito
oi w^to
^^^
CO
*k C CJ'O
M OlOO
©
to .- *^ — © o ©
© ^ Ot^cototooo
CI' w'l
;
M to p CPp ppj^"
w'cco'x'V-'CJ'" "-*
COtO*k.Xi(i©©'^
til
5"pWtn tO^tOtOjOW
00 GO -'
t--
to
J
C
tOU3tf>-at3*hQ0
'^OCiMOtOOV'COCDtOCDV'^'W'yibatoVl
00 X to -J C;i a U3<—03 W0D<JOt0^0©t0©»(>
©©U^©0I^C0©OO'-'l-'Cg0:}U*CnC7. l^H
1^
I
Includes salPF. In September, 1 885, for September. 130,200
^•'".•'"l;, neptem.
Senteni
ter-October, for October, 301,700.
We nave luoluaea in ibe above table, and shall oontlnne eaoh
Klve, the average price of futures eaih day for each
month it
will be found under eacTidav foUowing the abbreviation
''Aver "The
mverage for each month for the week U also Klven at bottom
of table
.«JS™".fe''2^'*'..0'''*«"~^''*'"''la5'' S'^Oe-l Monday, 9 30o.- Tuesdkv
^"'""*^'
«-25o.: Wednesday, »-20c.; Thursday. 9-2.ic.; Prirtay, 9-40o
Short Notices for November-Monday, 9 2Gc.; Thursday,
'9-20c.
*
I
00
I
en
I
or
tOrfk*>.rf*Q0|l*©tf*.XK:O'Q0©CO((^O»'S©(f.
CO
M
W
at
'^CJi'corf^ccao
o
tt*'Ott*'^:j'rf^o
wc3C«o<)a«*-taw
©
!
TI
>':
co»oo*.wo v'Ocnwo'toc»co'*;''H'<i"'.i;w
<iai-Jtoi-'cco
«
I
Is
.
so 00
R ,_M
oco©a>*>.(yiO
i^-
**
l«;
1
49i.30O
aM
Skp h.
so
II
1
446,600
,a52,492 2,116,527 1,716,397
a-
<
I
:
282,000
77,000
119,600
99,000
32,000
•-K.j*-wc:woi
toi*^
9.'-'.
OOoO OOcO CCcO ccco ooc;o
O citiCKi
t-tcCeo KCoOco
o
CB
CO «
ISJHfcO
^
M'^OO-'
CJ'O
210,000
46,000
98,300
70,000
68,000
—
H
o
K
CO
Clio
1
204.000
55,000
148,600
43.00C
46,000
—
-
Br"
15,100
tSF" The imports into Continental ports this week have been
19,000 bales.
The above flgures indicate a decrease in the cotton in sight
to-night of 160,410 bales as compared with the same date of
1884, a decrease of 420,145 bales as compared with the corresponding date of 1883 and a decrease of 136,31.5 bales as
compared with 1882,
AT THE Interior Towns the movement that is the receipts
tor the week and since Sept. 1, the shipments for the week, and
the stocks to-night, and the same items for the corresponding
period of 1884 is set out in detail in the following statement,
IfI
50,600
Total visible supply
2,188.682 2,319,092 2,608,827 2,3 24,997
Price Mid. Upl., Liverpool
b^A.
oiijftd,
b'gd,
eJed.
IOI40.
Sasc.
PrlceMid.Upl., New York....
lOijo.
lO'iaO.
3CI
I
a
259.800
1,928,882
OO
CO
05
HI-- CO"
114,000
19.000
75.800
26,000
25,000
.
&o
COCcOci
O'X
42,100
1,928,882 1,352,492 2,116,527 1,716,397
afloat
<teo.,
Total East India,
Total American
P
I
C-J_^l
E(typt, Brazil,
g E
OOoO CCoO o eo COoO COoO OOc
Miio,^
o o6 HlLO,.! r^tcO,^ OOO
cots
05
Mr-
Total American
East Indian^ Brazitj acUverpool stock
London stock
Oontlnental stocks
India afloat for Hurope
o
5
19.223
Tolted States exports to-day..
dcxOcf)
2
at-"
(--CO'-'
SI
—
^3
OO
CO
CO
c®
s§
©i^
i(^
:c,0!B
5'
QC
©
CC©o©
©coo«9 CD©o© ©©OCD
I
I
©CO
C -4
!00^
«
Xo©
ts:'©
OOoO OCoO
c6o6
.-co
c
COD
9c'-?
CD
CO®
WtO__t-|__OW
Ml-'co>-
??
I
9p:
CDCO
c^
I
'
I
2
*^ Ci
^
2
Totil visible supply
2,188,682 2,349,092 2,603,827 % 324,997
Of the above, the totals of American fmd other descriptions are as follows'
American
Liverpool stock
bales 280.000
240,000
224,000
202,000
Continental stocks
134,000
102,000
188,000
96,000
Imerican afloat for Europe... 489.000
507,000
513,000
507,000
iTnlted States stock
760,910
779,412
812, 17J
695.579
LiQited States interior stocks.. 245,744
181,930
298,748
2U0,718
o
^,-^.
©©
e»a;
COo«5
O coO©
OO ©
CPTo^ ® v^ ® tt»oto
o< d c a
OOi-
a
*q<j
Aver..
9-47- 9-47
8,
c:a
CO©oCD
o ob
2
ar-
®» ? ®o ^
I
OCOO
1
<»
"^
cc ot
sts:
5
ctocn"*
»1W
a**
1
-4
5
CJtO»
00
cc©o© ©©c<^
CCQD
CO®
CDCD
o»x
2
ww^co
2
I
woo
CI©
IJ
e)to:
Oi
©©o©
o^ ©©o©
ddi
I
00
If-
&.":
c©
©CCo*^
1^
©CCt,©
a p.
O'l-'to'^
CD©
Of
OStOOl'^
I
to
-j-i
CDCDo^
if^Cn
o*
®i»:
CDCOo'^
K.toOlo
I
to
©©
2
CCc« CpcDo®
So cp©c^
CflOl
WW
)^
I
«*-;
<]tfi^
»:':
»iD;
C.C»Ooi
a>ccc®
WidCci
tOtCrfi.'"
I
I
CJl
K;CJ*2tO
OO
c5-*
1882.
484,000
77,000
100,000
2,000
32,000
6,000
7,000
ail
coco
(C°0
CD or
1883.
434.000
46.000
491,000
4,000
34,800
33,000
1,100
1,700
129,000
6,000
25,000
7,000
9,000
s
s
1
A M
CUJ__^-_
X®
391,000
19,000
bales,
Total Great Britain stock
Stock at Hamburg
Stock at Bremen
Stock at Amsterdam
Stock at Rotterdam
Stock at Antwerp
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock at Genoa
Stock at Trieste
-
•
CDCOqCO
bo
1884.
444,000
55,000
1885.
1
ceo
CO©
as made up by cable
telegraph, is as foUows. The Continental stocks, as well as
those for Great Britain and the afloat, are this week's retump,
and consequently all the European figures are brought down
to Thursday evening.
But to make the totals the complete
flgures for to-night (Nov. 13), we add the item of exports from
the United States, including in it the exports of Friday only,
.IP
Swxo
1
The Visible Supply of Cotton to-night,
0.f-0
f3*
*i t
M
XLI.
cind
Stock at Liverpool
Stock at Loudon
ill
Oi
[Vol.
•
•
»w^to
The following exchanges have been made during the week:
.»„«„«_^
^ 4,500
-60
pd. *to exch.
Deo, for >ray,
13 pd. toexch. lOODeo. forJan.
•12 pd. to exch. 600 Dec. for Jan.
•70 pd. to exch. 100 Jan. for July.
3!Ten 300 Nov. g. n. for regular.
24 pd. to exch. 200 Jan. for Mch.
13 pd. to exch. ) uO Dec. for Jan.
•42 i)d. to exch. 1 .000 Nov. for Mob.
•43 pd. to exch. 400 Nov. for Mch.
24 i)d. to exch. 100 April for June.
-12 pd. to exch. 100 Feb. for Mch.
•12 pd. to exch. -200 Feb. for Mch.
•12 pd. to exch. 200 Jan. for Feb.
'r25 pd. to exch. 200 Dec. for Feb.
n
H
O'
to
-J
©
n ©
H*
M
© M M on
»-<
to
toto
t-
1
I
* o; CO to 00 fa.
to*'ar_;xcDp^©pM_tOA^_^ptooocct>i*'.
bDli«'^-itou>xit-b'0*-'e- w'UxoiaoN)
os^wtocnxto
00
<*-OSX©(Cl-tOOtfr'>^OSXtOC3i©©(»».C«Ki
5:
rf!'
QD O)
t^i
c;i
©o
w to
-J O CO
<:£>
c;tOCfcO'©too
OO'-W~O©-O0«©XC)»X-Jt0MQ03:O
MMOD WpKitOOi
oix*-©^
aitj*»VilBtocaoDk)totoj5"V
QDrffctO-l©iM-t^OiX»f^OOOy»OSOt'COD--JOi
coto'^a>03**ov<»-»-'towojctocni-'oi
to
ut
Oi
Oi to
to
to
©
<i to
© *» 00 o to
Hc;<
IttSl
*
(^>
o
_jF»-jC»'_lOtOW;-'lOW^(0
;
M
cw
©©"•-' lo©
"^1
CJl
#*
pwoj»-<lOi<l
05
O
MW
W
OS
!-•
M,^tnQO*»otp
P,r*r'5^P Wtopoo;
"»- tc © * 00 © en 01
-jlo oV« to'yt"lc o
co<ioox©*kC)'0"c;i: CJ'a<©toooorf*
Mrf^-OKj-xr-toi-ow.
— ac^tcx
•
©wo©
This year's figures estimated.
The above totals show that the old interior stocks have
inc reajsid during the week 19.884 bales, and are to-night 63,764
November
CHRONICLK
I'fiE
14, 1886.]
twles more tlian at the Bams perio 1 isl year. The receipts kt
the gatii'" towns have biei 31, <ll:l biles /norj than tho tinme
week liLsf yoar, and Hinco Sapterabor 1 the receipts at nil the
towns are 2U.TtlJ bales m)re than for this same tune in i»-84.
I
Quotations fob Middlinq Cotton at Otheb Markbtb.—
In the t:il)lf l»>l(>w wo give the closing <iuotation8 of iniiMUng
cotton at .SoutliiTu and other principal cotton market-t for oaoh
day of thi" p.'ist week.
ouoamo qdotatioks fob ioddlimo oottom oh—
Week enitinu
\ov.
13.
Hon.
aaiw.
9
Oalvt*st«»n ...
Ni-w trloane.
siS|«
8'6i»
R
9
Mi>liih'
8i»n
8''s
e-ft
8<
d\
8'g
8'i
9
fl
91i«
Oht
f
Biiviiiiimh
8%
..
.
Ch.ul.'^lon.
.
Wlliiiiim-ton..
8"if.
9
0>S
0>«
Norfolk
BOAtOIl
BBllliiioro
Plitlii.l ipUla.
Wtdtitt,
Tut*.
..
.
!>»8
9°g
9H
8>'l«
Mciupliia
S^'e
8>°i«
8T9
8''8
8t. Loiila
8li>ig
8''8
8»8
ClHi'liinatl...
Loul.sville
O"*
OM
9^
8 '8
8'«
9H
9U
908
S\
9>s
0»4
908
8l>i«
8>«
816,8
8 •'8
918
8i->ia
8'»i»
8"ie
8"ia
9
9
811i«
9
STs
STs
8!k
8''839
8">l«
6\
9%
a^
An!.,'llst;i
9
8'»I«
8'8
9
9>a
05«
FH.
Thiuri.
9
w
8:i„
n'.i
(•>8
9
9
9
9
9
n^
u
Kk(;kipts prom the Plantations. —The following table
indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor
Southern consumption; they are simply a statement of the
weekly movement from the plantations of that part of tlie crop
which finally resiches the market through the outports.
BEOEIPTS FROM PLANTATIONS.
Btcetftt at
1888.
Oct.
••
"
••
9
18
as
80
Not. «
-
18
I
tilt
Portt. St'kat Interior
1884.
188S.
1883.
I
1884.
j
nwmJlUe'ptt from
1886.
1889.
I
Plant'iu.
1884.
j
1885.
K>
88,108^ 89,785|25«,2:6 223,924 810,010
|238.897|S05.S13: 192,107 184,915'
i2o7,278 242,289 231,491 202,»70| 82,654 119,132 29.5.SSr 2(18,835 290,838
i252.845'2S5,ll2 281,704 236,988 ',2«,51l|l«l,182^28fl,Stfl 3il, 969 303,754
1,921 '277,470 268,023 278,7.34 156,038 208,807 2S1.6'19 304,017 313,148
267,«04'257,04l'271,423 313,219 174.996 236,614 304.119 275,970 3^4,7.59
242,078 289.114'232.(IH1 343,928 198.970 27 9, 931 272,758 893.08S 2o5,3 48
*'24
—
That the total receipts from
The above statement shows 1.
the plantations since September 1, 1885, are 2,1.59,017 bales:
were 3,U:J,740 bales; in 1883 were 3,370,383 bales.
2,
That, although the receipts at the outports the past week
were 233,061 bales, the actual movement from plantations was
2,55,348 b<ales, the balance going to increase the stocks at
the interior towns. Last year the receipts from the plantations
for the same week were 393,083 bales and for 1888 they were
872,758 bales.
Amount of Cotton in Sight Nov. 18. In the table below
we give the receipts from plantations in another form, and add
to them the net overland movement to Nov. 1, and also the
takings by Southern spinners to the same date, so as to give
substantially the amount of cotton now in sight.
In 188i
—
—
1885.
1884.
1883.
1882.
Receipts at the porta to Nov.l3 l.S91,Ji36 1,961,985 1,975,589 1,945,071
Interior stockB ou Nov. 13 io
ezc«88 of September 1
264,031
181,755 294,773
227,638
Tot. receipts from planta'tns 2,159,017 2,141,740 2,270,362 2,172,709
Net overlaml to November 1.
153,156
98,274
126,8.^9
93,B57
Boutbern consampt'n to Nor. 1
60,0'JO
50,000
59,000
59.000
Total In sight
November
13. 2,372,173 2,292,014 2,456,221 2,325,566
Northern spinners' takings to
November 13
438,.51
349,037
496.065
411.281
It will be seen by the above that the increase in am lunt in sljjht
to-nlRht, as compared with last year, is 80,159 bales, the decrease
as
compared with 1883
is
81,018 bales and the increase over 1882
18
46,607 bales.
Weather Reports by Telegraph.—The
ArAcantfcw.— The weather waaolMtf and delightduring the week until Thursday when we had a light rain
and a middon change to cuoler weather, and it ix now clear
and cold. The rainfall reached four hiindredtliH of nn Inch.
The thermometer ha« averaged W, the higheitt Ix-lng 70 and
the lowest 86. We had rain on six days during 0;tol)er, and
the rainfall reached seventy htindrcdtim of an inch.
The
thermometer averaged ,58 and ranged from !W to 84.
Helena, Arltansaa. It has been showery on two days and
the remainder of the we^k pleasant. The rainfall reached
forty-seven hundredths of an inch.
Ice forme<l Thiirsdar
night. About two-thirds of the crop has been picked, and ft
Receipts are ahead of last year.
is being marketed freely.
The tliernioineter has ranged from 36 to S3, averaging 60.
Memphis. Tennessee. It has rained on two days of the
week, but the woither is now clear and old, with ice thia
morning. The rainfall reached one inch and seven liundreths.
—
Average thermometer
60, highest 80'5, lowest 43.
Nashville, 'Tennessee.— "We have had ram on two days of
the week, th rainfall reaching one inch and one hundredth.
TliB thermometer has averaged 57, the highest being 73 and
the lowest 38.
Mobile, Alabama. It has been showery on one day and
has rained severely on one day of the week, the rainfall
reaching one inch and sixty-eight hundreths. There has been
an unuHually severe storm in middle Alabama this week, and
much damage has been done in some sections. The thermometer has rani;ed from 46 to 75. averaging 63.
Montgomery, Alabama. It has rained on four days of the
week, the rainfall reaching two inches and twenty-six hundredths. Picking has been interrupted by the rain. The
thermometer has averaged 63 6,
Selma, Alabama
It has rained severely on one day of the
week, the rainfall reaching three inches and sixteen hundredths. Average thermometer 60, highest 73, lowest 43.
Auburn, Alabama. It has rained severely on three days
of the week, tlie rainfall reaching three inches and nineteen
hundredths. The thermometer has ranged from 43 to 77'5,
>
8%
918
Utth Book,
fill
—
8%
9!„
561
—
—
—
—
averaging
severe conflagration extending about a mile and a half, and
reported to have destroyed over $4,000,000 of property, but
neither cotton nor the railroads were injured by it.
Galveston, Texas.— It has rained on one day of the week,
the rainfall reaching nine hundredths of an inch.
great
fire this morning destroyed about thirty blocks in tlie heart of
the city; no cotton burnt. Average thermometer 70, highest
80 and lowest 54.
Indianola, Texas.— 'So rain all the week. Picking is progressing finely. The thermometer has averaged 71, the highest being 85 and the lowest 56.
Palestine, Texas.—
have had no rain all the week.
Picking is making good progress. Average thermometer 63,
highest 77 and lowest 49.
Neu) Orleans, Louisiana.— It has rained on two days of
the week, the rainfall reaching one inch and forty-six hundredths. The thermometer has averaged 67.
Sfireveport, Louisiana.— RainfM for the week twenty
hundredths of an inch. The thermometer has ranged from
45 to 81, averaging 61.
A
—
prices retard receipts.
—
Culumbus, Heorgia. We have had rain on one day of the
week, the rainfall reaching one inch and ninety-five hunAverage thermometer 58, highest 67 and lowett 44.
Savannah, Georgia. It has rained very lightly on one
day and the remainder of the week has been pleasant. The
rainfall reached one hundredth of an inch. "The thermometer has averaged 64, the highest being 79 and the lowest 48.
Augusta, Georgia. It has rained lightly on three days of
dredths.
—
—
the week, the rainfall reaching sixty- seven hundredths of an
Picking is progressing finely and the crop is being
marketed freely. The thermometer has ranged from 38 to 84,
averaging 59.
Atlanta, Georgia.
have had rain on three days of the
week, the rainfall reaching two inches and twenty-two hundredths. We had light frost on the 10th. Average thermometer .58, highest 70 and lowest 43,
Charleston, South Carolina.
have had rain on two
days of the week, tha rainfall reaching thirteen hundredths of
an inch. Average thermometer 64, highest 78 and lowest 47.
Stateburg, South Carolina. It has rained lightly on three
days of the week, the rainfall reaching thirty-six hundredths
of an inch.
had frost, but not killing, on one night. The
thermometer has averaged 60*6, the highest being 76 and the
lowest 46.
Wilson, North Carolina. Telegram not received.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3 o'clock
inch.
—We
—We
—
We
—
13, 1885,
and November
13, 18.M.
Sov. 12, '85. Xot. 13, '84
Feel.
New
Orleans*.... ....Aliovo low-water marlc.
....Above low-water mark.
Nanhville
.......Above iow-water mark.
Shreveport...
...Above low-water-mark.
VIcksbiirg
Above low-waier-markMeiiii>hi8. ........
Inch.
2
15
8
25
8
5
12
Feel.
Inch.
12
2
8
3
3
4
6
10
11
8
11
Now reported above low-water mark, instead of below high-water
mark as prior to October 30, 1885,
*
—
India Cotton Movement from all Ports. The receipts
and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to Nov. 13.
BOXBAT RECEIPTS AND SHIPUENT8 FOR FOUR TEARS.
Shipmenls Ihia week.
We
Columbus, Mississippi.— It has rained on two davs of the
week, the rainfall reaching two inches and four hundredtlis.
The thermometer has averaged 57, ranging from 35 to 74.
Leland, Mississippi.— The weather has been warm during
the week with a rainfall of forty hundredths of an inch. The
thermometer has ranged from 38 to 84, averaging 61-6.
"6.
—
Low
weather condi" November
tions tliis week have been, in general, satisfactory and crop
gatliering has m^de good progress. At a few points, however,
rain has acted as a hindrancs. The strike at Galveston has
been adjusted, but that city was visited to-day (Friday) by a
61
Madison, Florida. V^e have had no rain all the week.
Average thermometer 59, highest 77, lowest 39.
Macon, Georgia. It has rained on one day of the week.
Year Great
ContiBrit'n. nent.
1885
1884
1883
1882
2.000
4,000
3,000
_
,
,
Total.
\
8/iipments since Jan. 1.
Oreal
R„,/„.-„
|
Oonti-
„,„<
_
,
,
Total
219,000 472,000 691,000
00 o0>,000 616,000 1,151,000
Seeeiptt.
Tki*
Week.
Sinee
Jan.
1.
9,000' 1,027,000
6,000 1,534,000
1,000
3.1
1,000
4,00011.14,01101 7s:i,00i) 1,237,000 14,(MM> 1,629,000
4,00o!77!),000;620,00l) l,39st,000 -,000| 1.668,000
According to the foregoing, Bombay appears to show a
decrease compared with last year in the week's receipts of
1,000 bales, and a decrease in shipments of 3,000 bales, and
the shipments since January 1 shew a decrease of 460,000 bales.
The movement at Calcutta Madras and other India ports for
the last reported week and since the 1st of January, for two
"Other ports" cover Ceylon,
years, has been as follows.
Tuticorin. Kurrachee and Coconada.
THE CHRONECLK
562
Shipmentt tince January
Shipmentt for the meek.
Qrtat
Oonlinent.
Britain.
Great
\„
..
Britain. Continent.
Total.
Oiloatta—
1885
1884
1885
1884
1,500
1885
1884
1,000
3,500
AU others—
2,000
500
1,500
11,500
54,500
3.000
4,000
59,500
69,300
77,000
125,200
11,500
54,500
121.500
110,300
62,000
41,000
2,000
1,000
5,000
1884
The above
week show
totals for the
210,000
290,000
80,000
53.700
130.000
206,300
3,000
6,500
500
that the
movement from
Bombay is 2,500 bales less than same
For the whole of India, therefore, the total
Bhipments since January 1, 1885, and for the corresponding
penods of the two previous years, are as follows:
BXPORTS TO ECROPB FKOM ALL INDIA.
the ports other than
last year.
1884.
1885.
Bhfnmenti
Europe
from—
vieek.
Bombay
Allotber ports.
Total
TM$
Sinee
Jan. 1.
Thit
to all
1883.
Thi*
week.
Sinee
Jan. 1.
week.
Since
Jan.
1.
3,oo6
691.000
210,000
3.000:1.151,000
5.500 290,000
4.0001, 237,OOC
7,600j 191,60c
3,000
901.000|
8,500!l,441,000
11,600,1,428,600
This last statement affords a very interesting comparison of
the total movement for the three years at all India ports.
Alexandria Receipts and Shipments.— Through arrange
ments we have made with Messrs. Da vies, Benachi & Co., of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and for thf
orresijonding
week
of the previous
Alexandria. Eaypt,
Xocember 11
two
1883
180,000
853,000
TMt Since
week. Sept. 1.
200.000
813.000
j
47,000 17.000
4,0C0
10,000
To Liverpool
To Continent
Thit
Siiict
week. Sept. 7.
6^00 20,000
7,000
58,000
21,000
80,000 24.000
79.000
66,000! 17,000
14,000
j
Total Enrope
A cantar is 98
67,000 21.000
16,000
lbs
This statement shows that the receipts for the week ending
11 were 180,000 cantars and the shipments to all Europe
Nov.
16,000 bales.
—
Manchester Market. Our report received from Manchester
give the prices
to-night states that the market is steady.
for to-day below, and leave previous weeks' prices for comparison.
We
1884.
1885.
82( OOP.
IwitC
d.
340,000
2S6.000
329,000
279,000
b69,00»
5GD.00O
54,000
50,000
164,000
89.000
409,000
152,000
233,000
241 ,000
Consumption
498,000
360,C00
383.000
330.000
883,000
690.000
Spinners' stock Nov. 1
138.000
55.000
193.000
Total supi>ly
Consumption
Spinners' stock Nov. 1.
For 18S4.
Spinners' stock October 1.
Oott'n
SVt lit.
Shirtingi.
A
d.
7
7
7
Sep.ll 83ifl®S58 5
" 18 83i8«86b |5
" 25,83169858 5
Oct. 2 3>4 aSl'ie
" 9 3i4®81lie
" 16 8H 9811,8
" 23 8I4 ®8iiu
8
8
8
8
8
" 30 8i8»8"i6
Nov. 6 SM ®8iii6
Mid.
8.
d
d.
«7
97
97
»7
®7
«7
«7
®7
®7
«7
1
57i8
5716
57l6
51a
519
57l8
1
1
2
2
2
2
5%
514
1^1 5»,6
IH,' 5^8
8H
32( Oop.
Iwiti.
UpUl
d.
Oott'n
tbi.
Mid.
Shirtingt.
d.
d.
s.
8»m» 9^5 S^aW?
8iis9 9 15 7 »7
8''i69 9 15 7 «7
85i8» 8 'a 5
XTpldl
(1.
lifl
eig
6
Sia^C
512*6
8H a8i3i8i5 51390
5iaa6
5
85jft9813ig
lOia
lOis
lOij
10i«
5iflS6 IOI9
5>3
8°ie^813jg|a
6ia»7
5"i8
87i«'a9
8
8oi(,3813,„l5
«7 1
5111
European Cotton Consumption for October We have
islsiiaaSSs
15
Total supply
The foregoing indicates that
—
to-day (Friday), by cable, Mr. Ellison's figures
for October, the first month of the new cotton season.
have also received the revised totals for last year, and give
them for comparison. The spinners takings in actual bales
and pounds, have been as follows:
received
We
Great Britain.
October.
Continent.
268,000
445
119,260,000
177,000
430
76 110 000
—
Agricultural Departmext's Crop Report.— The following
is
the statement of the Department, issued on Tuesday,
as to the cotton product this year
10,
The cotton returns of November are local estimates o£ yield per
Tbey are somewhat higher than those of the last two yearp, but
1880 and 1882. The incre.'vsc over the
yield of last year is most marke^l iu Texas and Georgia. In .Vrkansas
aurt Teuueascc. where the average yield is usually high, the rate is depressed by the uufavorable couilitions of August and September. The
rate of yield, by Slates, is as follows: Virginia, 15^ pounds per acre;
Ncu'Ih Carolina, 137; South Carolina. 142; Georgia, 150; Florida, 105;
.Alabama, 145; Mississippi. 165; Louisiana, 223; Texas. Is2; .Vrkansas,
.iOO; Tennessee, 155.
The weather has l>een favorable for picking,
and killing frosts are only reported in the northern border of the
cotton
belt.
The top crop is very light, aud in many
places scarcely an appreciable quantity.
Drought during the earlv
fruiting period caused a shedding or shrivelling of liolfs and reduced Ihe yield in North Carolina and South Carolina and parts of
Texas. In a large portion ol the Gulf Coast area east of Texas an excess of rain ai d destructive storms proved almost equally injurious.
The liijnry by the cateriiillar and boll-worm has been severe in Central
.Alabama, in rarts of Texa.i, Loitisi.ana and Mis.si8sippi. and in a few
counties in Georgia, .^mall less from insects is reported e.xceptiia States
bordering ou the Gulf coast. The past mouth has been geuerallv favorable
for tiicking. which is well advanced, more than thrce-tourths of the crop
having been gathered. Rnins have interfered with harvesting more la
Georgia and Alabama than elsewhere. With good weather hereafter,
the proportiou to be gathered in December will be oonlined to localities
favored with a top crop worth harvesting.
Using the above figures of estimated yield in each State,
and applying them to the acreage figured by us on the percentage returns of the Agricultural Department issued in
June this year, we have the following result in pounds and
bales.
To obtain the result in bales we have divided the
pounds by 460. This figure is taken on the expectation (judging from present indications) that net weigiits will average
about 7 pounds per bale more than last year.
QTA
Per Acre.
Acreage.
Virginia
No. Caroliim
So. Carolina..
152
157
142
150
105
145
165
48,850
1,081,710
1.767.620
3,077,560
273.680
2,822,710
2,535,400
937,270
3,505,400
1,372,620
Georgia
Florida
Alabama
.. ..
Tennessee
All others
For 1884.
by spinners .bales
Average weight ol bales....
Takings in pounds
.
.
370,000
442
163,747,000
226,000
413
93.280.000
....
223
182
200
135
155
*
Pounds.
596,000
431
257.027,000
163-9
Bales.
60,000
7,425,200
169,827,470
251,002,040
461,631,000
28,736,400
409,292.950
418,341,000
220,161,210
637.982,800
274,524,000
127,599,100
9,300,000
62,470
889,800
909,440
478,600
1,386.800
596,800
277,400
20,220
18.336.040
3.015.826,170
6.556.050
823,2i;0
nnck
Total
TftlrlngB
Product on.
Pounds Lint
Slalet.
Texas
Arkansas
445,000
43D
iQt^
104,000
Crop Estimates. It is a little remarkable to note the
uniformity of all the crop estimates issued this year. First
we had the estimate of Messrs. Latham, Alexander & Co. of
this city, made about the middle of September, giving the
total at 6,650,000 bales.
On Monday (Nov. 9) came the New
Orleans report, gotten up with much care and detail, reaching
The next day, Tuesjust the same figures, 0,650,000 bales.
day (Nov. 10), the Agricultural Bureau presented its October
statement, which we give worked out in pounds and bales
below, the result being, on last year's vet weights, about
the same as both of the other authorities, or 6,657,000 bales.
Louisiana
Total.
Vor 1885.
Tailings by spinners... bales
Average weight of bales
TaWnfffl 1" pounds
now
bales, against 193,000 bales last year.
Mississippi...
In
spinners' stocks are
642,000
acre.
Exports (bales)—
*
179,000
lOO.OOO
1.
m iterially lower thsn those of
190.000
822.000
Thit
Since
week. Sept. 1.
Total.
138,000
191,000
Nov.
1881.
1885.
Beoeipta (oantara*)—
This week....
Since Sept. 1
years.
Continent.
41.000
299,000
.stocli October
Takings in October
Spinners'
Takings in October
Total all—
1885
week
Great Britain,
In October.
For 188S.
Total.
18,000
42,700
59.000
82,500
Madras—
1.
fVoL, XLI.
16,140
369,170
545,660
1
,003,550
The foregoing, figured on the average net weight of laat
year's crop (say 453 pounds per bale), would make the yield
this year 6,657,000 bales.
According to the above, the average weight of the deliveries
National Cotton ExcH.\.NaE Report for October.— The
in Great Britain is 445 pounds per bale in October this season
report of the National Cotton Exchange for the month of
against 443 pounds during the same time last season. Tho October was issued on the 9th inst., and the summary is as
Continental deliveries average 430 pounds, against 413 pounds follows:
last year, and for the whole of Europe the deliveries average
Picking has progressed satisfactorily during the past month, the
tlelds being generally estimated
439 pounds per bale, against 431 pounds last season. Our dis- proportion of the crop remaining la the
at about one-third. In Texas aud the Mississippi Valley the weather
patch also gives the full movement for this year and last year has been almost exceptionally line for this work, while in portions ot
Teuuessoe, Alabama and the States east there has been a considerable
n bales of 400 pounds each*
rainfall, with some heavy etorms along the Atlantic .seaboard, and.
L
November
THE CHRONICLE.
14, 1885.]
5«3
Atnilerdam
tn »pccoiiiplftlntii am numerous tn ooniip<iaeuc<>.
r,
-""I" •'""
tlonHonlv luwlho crop ma.le imy proyrwH di.rlnji Oci
Kll lii«
">•>'•" favoieil In tlmt r.xiHct.
l.elhK
Tnxas.
nartUul.Mly
«u,l
iiroi>>rleil In IkohIIiIim in nvery SlKtc. raii>;iiik- In .liii«
frutil iKiv.'
rxcentlnii (Iporifia,
A nticerp,
Copetili a-
Liver-
HIM
26. unil wcTi' nnwt ficiiiii>nt In Ark.iiisiiH. Ml»..w..l|.|il.
froiiiO.t.
a f.» ln«iiim.«
Alabnniii. NiMIli fjirollurt mill Tfnn.vMco. whllo (.nly
in tiiu hi.it
ultca
in T.'Xiut. Tlio ex|.(wttttlonH foriMituiilown.
urn
tbi'f.-..f
ArkJitiI.»nl«iiinii.
Mi8Bi««ii.pi
renort Ik.vo l>wn fiiilv reali/. -ii I" Tumm.
KM
iinil li(-»r«lii.
Iiutln
tlio
»Uit«H linrilurink' on
tliu
Atlantic
Itic
nnfn-
ont.Mnno to u plant wlm«o
roinbli' snrronnillnifs liavo iircventwl any
(ondillim at llio licttlnnlnx of ()rtol>i-r \vu« 8i)nii>wliat unriuLiin. Al.imore noit iiMly portion
In
Ihn
iKinm Ills., in ,llKap|> ilntinir. f..r tliontfli
rcniiiimldr
tbf I'roiw -how a ilii'lilml hnprovonient over last yiiar. in tiu>
notion ponnties in the
larKest
of tho HHiti'. eniliriiclnK »onie of ir not the
nbout
tlio Banie yield i>ur
to
as
kIvp
«uch
i«
roHUlt
flie
hplt.
cotton
«ntire
nvreaain 13S4.
Tho
croj)
estimate laaafollows^
nale.cottmi A<-r*'''>Uon\
planted.
produced.
1885.
Virginia. Mi»co\iri
1,066,900
1,622,600
3,002,700
.••>
89.1.120
2,75'.i,000
.
260,676
954.931
629.872
611,350
1,493,519
814,300
2,329,100
1,261.600
1,02^.300
3,473,300
6,650,265
17,714,400
tJeorvitt
X'lorida
AlHltninn
'I'rm!' -M'P
.Mi~~i-~ili>'
—
-
•••
Arkaii-^as
l<oni»iuna
Texas
Total.
30
36
36
33
21
31
32
41
42
60
43
255,000
37»«
bales.
EnusoN's Annual Cotton Review.— Although we received
by cable and gave on October 31 the results and conclusions
of Mr. Ellison in his Annual Review, to-day we furnish our
readers witli the whole report, as it contains much interesting
matter roncerning the state of the cotton goods trade.
report will be found in our editorial columns.
The
East Inhia Crop Prospects.— By cable |f rom Bombay today we are advised that crop accounts are generally satisfacJtte Brrr*. Bagqing, &c.
—There has been rather less busi-
ness in bagging for the past week, and the market has a quiet
appearance. There is scarcely any inquiry for large parcels, and
buyers are confining their purchases to the present wants of
their trade. I'rices continue steady, and sellers are quoting 9c.
m
and lie. for stand,
ard grades. Butts are also quiet, and though some orders are in
market, no important transactions have been made; sales arg
lb.,
9i^c. for 1^^
lb.,
lOi^c. for 2 lb.
small, about 2,030 bales of paper grades finding takers at
1 ll-16@l^^c., and small lots of bagging qualities a 2@2J8C.,
the market closing at these figures.
—
SHiPPixa News. The exports of cotton from the United
States the past week, as per latest mail returns, have reached
1-55,249 bales. So far as the Southern ports are concerned, these
are the same exports reported by telegraph, and published in
With regard to New York we
the Chronicle last Friday.
include the manifests of all vessels cleared up to Thursday
night of this week.
Total baUt.
City of
New York—To Liverpool, per
steamers Celtic. 591
Hlpparclius, 1,893
Gallia. 885
1.612
Nevada, 1,298. ...Roman, 3,722
Chicago.
3.017
To Hull, per steamer
To Glast'ow. per steam^jr Fciruessia, 453
To Havre, per steamer .\iueriiiue, 1,477
Fulda, 330
To Bremen, per steamers Kms. 550
Chieauo.
'.
Suevla, 1,873
To Hamliur!,'. per steamers India, 1,345
To Amsterdam, per steamer ScUiedan), 100
To Antwerp, per steamers Pieter de Coninck, 1,549
Waesland. 750
1,985
Havre,
burg.
1,477
4.118
0.750
GMveston
....Flachat, 4,297. ...Hnghenden. 5.156
MOBILB— To Liv, rpool, per ste.tmer Wandle, 4.037
Savannah— To l.ivirponl. per steamers Nympha'a,
Island.... Scawfeli, 6,666
100
The
211
Boston
PWladelp'*
1.281
1.844
800 4.859
211156,249
Total... 79,498 22.118 31.578 13.983
incUidcd In the above totals are (rom New York to UaU, 3,047 bale«»
to Glasgow, 465 bales.
and
Below we add the clearances this week of vessels carrying
ootton from United States ports, bringing our data down to
the latest dates:
Kbw Orleans- For Liverpool— Nov. 7-Steamer3 Merchant, 2.750
Sculptor. 2.965; Tamanlipai. 5,172
Nov. 9—.SWiiuar Ailola;
Nov. 11— Steamer Yucatan, 5.841.
6,6.50
For Havre- >fov. 11— Steamer Cymro, 6,47S.
For Bremen— Nov. 6— Steamer Deepdale, 6.850.
For Autwerp-Nov. 9-Stcaiu6r Koseville. 3,351.
For Sobastopol— Nov. 6— 3teamnr Sportsman. 6,100.
Fi)r Barcelona— Nov. 6— Bark Barcelona. 2.460,
BAVAN.NAii— For Uverjiool— Nov. 11— Steamer Uuuholmc,
For Bremen— Nov. 9— Steamer Effective, 5,200.
For Antwerp— Nov. 7— Steamer Cidina, 4, 70S).
For Reval-Nov. 10-8teainer WoUtleld, 5.7.'i0.
For BarceUiui— Nov. 7— Stcame- Strar.ton. 4,855.
Chakleston— For Liverpool -Nov. 7— Bark Alma, 900.
Fur Barcelona— Nov. 9 -Barks Alejandro Mosoli, 2,030; P^blo
sonsat, 1.840.
West Point— Fur Liverpool— Nov. 7— Steamer Ealing. 6.3 25.
Boston- For Liverpool-Nov. 4— Steamer Missouil, l,8J8....Nov. 6—
Steamer Samaria. 346.
For Yarmouth. 1^. S.— Nov.
Alpha. 20.
185.
Below we give all news received to date of disasters to vessels
carrying cotton from United States ports, &c.
A lot of loo?e cotton, apparently having been on lire as It was
badly scorched. wa< passed October 27 off Tortugas, by steamer
.
New
Orleans.
(Totton freiaihts the past
week have been
Salur.
Liverpool, steam d.
Oo
8all...d.
Havre, steam
Do
c.
sail
c.
Bremen, steam. .e.
Do
sail
e.
Hamburg, 8team.o.
Do
sail
c.
Amet'd'm, steam.e.
Do
sail
.
.
.0.
Reva', steam.. ..d.
Do
sail
032
as follows:
Wednet. Thurt.
632
»32
"sa
Fri.
632
....
....
....
• ••.
....
....
Sis
»!«
•l«
»i6
>i«
•l«
---.
..*•
.**•
....
..*.
....
716
•'u
'u
'l«
'is
'i»
....
•
'
-••
....
....
H
%
=%
....
J^
..••
%
....
....
..••
....
....
....
45*
45'
45*
H
45*
..•
15ei®932 I&e43«32 t5e4«932 I5^a93j, 15m«»32 iSsi^Os*
45*
....
....
»32
»»«
45*
• ..•
....
...•
»S2
»32
»»2
....
....
e.
Barcelona.stoam.e.
—
Tuet.
Jfott.
H2
9»»
c.
H
H
H
M
H
\
Trieste, steam. ..t
'33
»32
933
H-2
932
Antwerp, steam..e.
Sl8
3 IS
3„
»lfl
»S3
».«
Genoa, steam
*
Per 100
»i«
lbs.
—
Liverpool. By cable from Liverpool, we have the following
statement of the week's sales, stocks, Sec, at that port.
aid previous weeks for comparison.
We
Oct. 23.
bales.
Bales of tho week
Of which exporters took
took..
Of which speculators
16,083
Total stock— Estimated
Of which American- Estlm'd
Totalimportof the week
20,641
6,250
Amount
.">00
5,633 Upland
".
7— Steamsr
Baltimore— For Havre— Nov. 5— Steamer Uaruara.
815
2S9
12,451
7.300
alloat
Of whloU American
Oct. 30.
62,000
39,000
4,000
46',6o6
30,606
6,000
9.000
365,000
214,000
63,000
54,000
203,000
4,000
8,000
350,000
228,000
51,000
44,000
118,000
139,000
197.001)
.Vor. 6.
46,0C0
2,000
1,000
37,000
6,000
16,000
3 R 3. 000
263,000
.m.ooo
73,000
183,000
173,000
Xor. 13.
54,000
3,000
3,000
43,000
6,000
13.000
394,000
280,000
82,000
73,000
19S,000
193,000
The tone of the Liverpool market for spots and futures each
day of the week ending Nov, 1.3, and the daily closing prices
of spot cotton, have been as follows:
4.'.i44
500
Mornea. 3,973 Upland and 144 Sea Island...
6,514
To Bronieu, per steamers Ariel, 7,310 Upland. ...Greystoke,
13,410
6,100 Upland
4,125
To Antwerp, per steamer Agnes, 4.123 Upland
To (jottenlMirg. per bark Ot»ran, 1,700 Upland
1.700
Galveston— To Liverpool, per steamers Countess, 5,325
Harbinger. 4.363
9,098
To Vera Cruz, per steamer Harlan. 211
211
WiLMiNOTOS — To Liverpool. j>er steamer Fannie. 5,200...
5,200
Norfolk— To Liverpool, per steamer Niceto. 5,975
5,975
Balti.moke— To Liverpool, per steamers Mentmore, 2,875
Siberian, 3,344
0,419
BoSTON-ToLiverpool, perBteamers Catalonia, 544
Virginian,
737
1,281
PaiLADKLPiilA—To Liverpool, per steamer Britlsli Princess,
1.844
1.814
156.249
particulars of these shipments, arranged in our usual
form, are as follows:
4.037
S}.196
25.749
9.899
6.300
5,976
6,419
.>00
6,200
6,975
6,419
1,281
1,344
Wilmlngtoa
Norfolk....
Baltimore..
900
3,2m
land
^
4-t.0l»
9,6'i3
.
Total.
22.601
4.670
4S5
4,570
4.037
To Bremnu. per steamer Athens, 7,300 Upland
To Amsterdam, per .steamer Wolvistou, 4,914 Upland
To Corunna. per bark Niobe, 500 Uplau<l
Charleston— To Liverpool, per steamers Mayaguez, 2.397 Up-
TotaL.
4,944
6.825
Vera
Oriii.
2"*9
3.214
16,083 20,641
Mobile
4,037
7,300
Bnvannali.. 12,461
0,514
13,410
Obarleston.
R. Orleans.
1,477
Cleddy, 5,400
To Bremen. i>er steamer Boskenna Bay, 6,230
To llamlmrg. per steamer Yedmaudale. 500
To GeHoa. per steamer Acacia. 4..">70
and 152 Sea
10,001
3,047
2,299
Martha, 500...
To Copenhagen, per steamers Island. 315
To Oeuoa. per steamer Alesia. 289
New Orleans—To Liverpool, per steamers Architect, 4,647 '...
West Indian,
Australian, 6,'iOO
Costa Rioan, 3,256
To Havre, per steamers Caitlebank, 5,788
Vo.
burg. rtinna. Ornoa.
vnol.
York. 10,001
Legislator, at
tory.
for
Hew
.
Increase over last
yield per acre last year, 83"58,
Average
year 9U, 000
„fabule.
114,600
34,380
381,084
683,993
990,891
53,550
and Indian Ter.
North t'arolMia
South Carollua
^,^^.','!/rc7,h,
Bremen ben it
^ Ham- Oolteit
Spot.
Market, (
12:30p.m.5
Saturday Uonday. Fueeday.
Pressed
for sale.
5>«
538
In buyers' Moderate
favor.
demand.
5%
5I8
538
Wednet. r*ur<d'y.
Freely
oflfered.
518
538
Mid. Upl'ds
Mld.Orl'ns.
Sales
6.000
8,000
8,000
8,000
Spec.&exp.
400
500
500
500
539
Future*.
Market, )
Kasy at Steady at
12:30P.H.5 a decline. a doollno.
Market,
5 p.m.
Weak.
nnn.
Firm »t
8.64 ad.
vance.
rirm.
Easy at
1.04 declloe.
Weak.
Frulay
In buyers' Ha
favor.
ten
518
538
8,000
1,000
Quiet at
4-04 de-
K
<y.
SH
538
10,000
600
Steady.
cline.
Qalet
but
Steady
atesdr.
The opening, highest, lowest and closing prices of futures at
Liverpool for each day of the week are given below. These
prices are on the basis of Uplands, Low Middling clause, unless
otherwise stated.
IHE CHRONICLF.
564
XW
5 62 tneana
The pntes are given in uence a>ul 6Mlu, thut.
6 B2-64d., and 6 03 memis 6 3-64d.
]
|
XU.
[Vol,
ing prices until yeaterday, when a slight reaction took place..
To-day the market was barely steady,
.
DAILY CLOSING PRICES OF NO. 2 OATS.
Taei., Nov. 10.
Mon., Nov. 9.
Sat. Nov. r.
}fon.
Sat.
Open Bigh Low.
5 03
5 02
N0T.-D60.
Deo-Jac.... 5 03
5 03
5 02
5 03
..
.
6 20
Open
Cioa.
Low
Higfi
d.
d.
d
d.
d.
d.
5 03
5 03
504 6 05 604
5 02
5 03
5 08
600 5 03
5 01
5 00
603
5 01
5 01
5 07
d.
5 02
5 03
5 06
6 20
5 20
52S 623 523
5 01
5 03
5 07
5 03
5 00
6 09
5 01
5 03
5 07
5 10
6 03
5 06
609
510 512
5 12
514 5 16 514 516
5 20
5 23
5 18
5 21
5 IS
6 21
505
6 01
5 04
5 03
6 08
5 05
506
508 5 07
510 5 12 510
514 514 5 14
517 518 6 17
5 21
5 21
5 20
5 23
5 22
5 25
6 08
512
6 14
5 18
5 22
5 25
5 21
524
Thun., Nov. 12.
Ifrt.,
Nov. 13.
j
Ojwn
a.
d.
5 02
5 02
6 02
HoT.-Deo.
Deo.- Jan ... 5 02
502
November ..
.
6 02
5 05
6 08
Jan.-Feb.... 6 06
Feb.-March. 508
March-Apr. 511
Low.
Clot.
Open
Hi«?l
Low.
CIo».
Open
Hiar.
bow.
Cioi.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
5 02
5 02
6 04
6 04
5 01
504
5 06
6 06
5 06
5 09
5 07
5 07
6 07
6 06
6 06
5 08
6 02 5 0Z
6 02 5 02
5 02 5 02
5 05 5 05
5 08 5 08
5(2
5 05
5 08
511 511 5 11
AprU-May.. 5 15 515 615 515
May-June... 519 6 19 519 519
5 11
5 14
5 22
6 21
June-July.. 5 23
5 22
5 22
5 07
5 10
5 13
5
5
5
5
02
02
02
05
6 04
6 01
6 07
508 610
5 11
517 514
518 5 20 5 18
5 13
5 17
6 20
5 23
523
5 21
6 12
5 16
5
5
5
5
5
5
07
07
07
10
13
16
5 20
510 509
513 512
816 515
619 5 20 5 19
522 5 23 5 22
625 6 27 5 25
movement
The home trade has been
continues on a small scale.
fair but the
Prices
Wheat SpringNo.2
Bed winter, No. 2
Kye—Western
a1
®
85
91
Spring, pur bnsh.
93i2!i
75
de-
$4 75» 5 50
3 209 3 15
3
3
10» 3 25
250 3 SO
2
00®
Corn— West, mixad
33
West. mix. No. 2.
West, white
West, yellow....
Will te Southern..
Yellow Southern.
52
52
57
52
State and Canada.
Oats— Blixed
95
Whlt«
3413 »
3JJ4 »
No. 2 mixed
No. 2 white
... 3H
t»
Barley— No. 1 Ciiuarta. 92 ®
No. 2 Canada
79 a
StatH, two-rowed.
63 «
State, six-rowed
70 ®
Western
65 O
Si 00
53%
it
.15
t
35
56
56
63
56
®
®
»
9
«
62
65
31
00
93
.
,
.
RtieipU at—
Com,
Wheat.
Flour.
Oafs,
on the spot were confined almost entirely to the wants
of local millers. They have paid extreme prices for choice
samples, but the tone of speculation dragged.
Confidence in
a higher range of values for the spring months, as the result
of the smaller quantity grown in the past season, has been a
good deal shaken by the absence of export demand, the large
visible supply and the excellent weather thus far for the
autumn-sown wheat. The disturbed
situation in Eastern Europe has ceased
state of the political
to be
much
regarded.
To-day there was some further depression, but the speculation
was
fairly active
and the
close steadier.
93%
94%
96 "s
January deltveriFebruary delivery
U8»8
100
9bi9
981s
lOOis
10514
lode's
May
delivery
Indian
The
com made
9m
9638
9!-7g
IOOI4
10514
Chloago
Milwaukee
Toledo
Detroit
Cleveland.
St.
9418
9«>a
98^8
ItOls
93 1«
IOj^
101 58
94
94%
961
9514
9738
99»4
9w38
ItO
10 J %
a sharp further advance early in the week.
which the export demand was mainand the poor quality and damp condition of most of
the new corn received encouraged sellers of prime grades to
steadiness with
readily obtained
tiil
yester-
day, but the partial corner on the spot was terminated~by
freer offerings
on Tuesday, and the •speculation
in futures
took a downward turn on Thursday, under the very favorable
report from the Agricultural Bureau regarding the total yield
this season. To-day a further decline took place, at which
was a fair export. In the last hour the early
recovered, and the close was firmer.
there
decline
DAILY CLOIINO PRICES OF NO. Z MIXED CORN.
Sat.
Mon. Tue»,
Wed. Thurt,
In elevator
563g
5614
55
55
54 J4
November delivery
December delivery
January delivery
Febiuary delivery
May
delivery
54%
52%
48%
48^8
4719
54%
5208
48 >«
47%
47 »8
54»s
5338
5458
48%
48%
48
4tie
48%
48
5.)ia
54
53 18
48 >9
45ie
471a
108.803
163.8H
199.294
203.792
24.312
138,770
9,550
5,102
3.814
2,P13
..
Louis
21.011
2,410
HI
(!5
80
80
Barley.
lbs'
live.
632,224
19.200
29,989
13,H21
5)7,279
28.400
1,500
6,000
113,630
194.405
BushAS Ib3 BxMhM
8.3 i8
23.391
254.010
84,795,
Ibl
49.182
8.3S0
3,760
422.460
231.668
60.459
48,117
10.600
163,277
36,027
12,380
12.000
552,6.10
Tot. wk.
'8f
Same wk.
Same wk.
'84
'K-
242.121
259,606
343.551
Since Julu 2D
1885
2.4Ei9,301
1864
1.700,831
1,035.539
3.0^1,498
1,084.781
912.391
053.U69
938.881
1,572,989
1,542,920
803,256
2.03I.2II6
M.ita
28.450 870
26,"U3 8;ij
3S.59J.8l2
23.389.829
2133.'.820
24.087.034
6 569.341
3.147.687
28.682,857
51.110.316
51.1
109.709
110,166
169,621
580 080
1,851.470
1,478,751
3,773,012
8,917,747
5.874.182
3,751,2^5
The comparative shipments of flour and grain from the same
ports from Dec. 23, 18t!4, to Nov. 7, 1S8.5, incluaive, for four
years, show as follows:
.bbls.
1882-3.
8.111.314
59.113,415
4?,4'i8,484
7.!,7I3 197
96,494,952
47,532 o38
44.4 >7,t8,l
5.313.212
1,S86.38S
4,iiH9.9r3
7,93.i,Oo.1
183,652.307
190,673,511
Rye
.
1883-1.
10,008.487
41.833.163
81,910,418
,
Total grain
1884-5
9,502,570
47,71.9, 1,11
busli.
Com
Oats
Barley
The exDorts from the
ending Nov.
7, 188.5,
1881-2.
7,186,999
1.027
49,370.304
59,541,37»
3J,43S.5o6
4.245,459
2,831,896
196,661.415
148,427,593
5.616,289
5,3-<
ports for the week
are sliowa in the annexed statement:
several seaboar
I
ilxportt
Wlieal.
Corn.
Flour.
New York
Bush.
Bush
Bbls.
Iti4,l09
211,377
90.020
Boston. .
Montreal.
PhiladeL.
Baliim're
58,531
84.M0
16,070
32,332
90..->79
46.1)87
24,783
N. Orl'ns.
....
29,428
214,682
9.158
22.9 -2
40,il9
261
5,0u0
336,377
794,863
213.927
388,273
1,020,626
282,801
108,540
103.018
from—
tained,
demand more money, which was
.
Peoria.
Wheat
^1.
105.424
101.417
Duluth
Flour...
DAILT CLOSINO PBI0E8 OP NO. 2 BED WINTER WHEAT.
Sat.
Mon. Tuea.
Wed. Thun.
9.Ti2
In elevator
95ifl
96
95
9119
November delivery
December delivery
Bmh.fiaibs'Bmh.Mlhs Bush.32
Sbl3.\9eibs
in lots
41
34
H7
95
The movement of breadstuffs to market is indicated in th e
statements below, prepared by us from the figures of the New
York Produce Exchange. We first give the receipts at Western
lake and river ports, arranged so as to present the comparative movement for the week ending Nov, 7 and since Juljr 35
for each of the last three yeara:
To-day the market was dull and weak.
The wheat market has been variable and unsettled. The
speculation showed no decided activity, while the transactions
64
68
» 3H»
1
figures.
2 15
|
8.5
cided change, but the alterations are generally towards lower
340»
60» 3 40 Sontliem bakers' and
3 003 3 60
family brands
3 15® 3 7.5 Byettoor
Miuu. clear anil atra't. 4 109 5 25 Corn mealWinter shipp'Kextras. 3 50» 3 80
Western, &o
Winter XS. & XXX.. 4 ISa 5 10
Rr»ndywln«. *«<
Patents
4.i0» 5 75 Buckwlieat flour, ^
City amppiuKex
3 75'» 5 00
lOD lbs
aonUi'ii oom. extras.. 4 10 a 4 65
White
export
show no
34%
3478
wheat extras.
5 27
There has been no important feature to the flour market in
the paet week.
Fri
3314
3358
ipbbl. $2
8j>rlng
Bed winter
Frldat, p. M.. November 13, 1885.
Thurs.
33 "4
33^8
Buperline
523
BRE ADSTU F FS.
33%
34
Barley met with a
brisk demand at full prices early in the week, but is latterly
quieter, though full prices are maintained.
Buckwheat is
quoted at 52@55c. per bushel.
The following are the closing quotations:
Fine
Wedne*., Nov. 11.
Wed.
Tueit.
33 '8
32%
33
33>9
33^
33^
January delivery
31^
Si's
34%
Rye has been quiet and barely steady.
November delivery
December delivery
DIM.
d.
d.
5 01
d.
Jan.-Feb.... soe 5 06
Feb.-March SOS 508 508 508
March-Apr. 612 512 612 512
Aprll-May.. 516 616 516 516
May-June... 5 20
June-July.. 523
Open His* Low.
503 5 03
d.
d.
NoTember
C?Iaa.
l!i4,014
RIchm'd
N. News.
Total w'k.
8'me time
1884.
..
Oata,
Bush.
313,017
125
Jtye.
Peas.
Bush.
Bush,
1,223
75,131
131,333
132,556
80,043
The destination of these exports is as below.
was corresponding period of last year for comparison:
Flour.
WHeat.
We
130,077
add the
Oom.
Export*
Fri.
54
54
week
to—
for
53 58
49 >4
48 14
47 "s
Oats have shown an upward tendency. The business
for
export has continued fairly active, and the speculation
in futures, though not large nor buoyant, was at steadily
advano-
18S5.
Week,
Nov. 7.
1804.
Week.
Nov. 8.
Bblt
Un.Ring.
Contin'nt
Bbls.
161,237
915
64.284
10,931
C.Am
1.5,281
W. Indies
4,731
17,126
18,649
12,079
11,215
8.<Jt
Brit, col's
Oth.o'n'ts
Total
719
213.02-
1884.
Week.
188S.
Week,
Nov. 7.
Woo. 8.
Bush.
226.768
129,339
Bush.
447.463
573,163
OS. 540
1884.
Week,
Nov. 8,
Bush.
506,534
244.850
33,701
7,429
BusK.
250,021
23,803
1.625
4,351
3,000
"'2,349
300
1
1885.
neek,
Nov. 7.
??5«.157 I,020.'i26
794.863
282.800
NOVKUBKK
THE CHRONKXE
14, 1885.J
by adding thio week's movement to our previoiu totals we
buve the fullowini^ statement of exports this season and last
(Kuuuui:
irkMt.
naur.
,
BxporU lo- Atm.
84 b> Aut.
Nov.
.
to ylu«. )M (n
A'im.
7.
Am/- 8S
(0 ^110. 84
iVoil. S.
Bulk
Biwk.
Bbb.
Obrn.
UW.
1()H4.
N:K
18S4.
(0
Aut-aupt
Suv,
7.
8.
BmH.
Biw/k
«WI,.%7I
1.1S4,7U«
4.iiw.«;fl
7.1108,838
7.U8.0<ll>
8.100.110
j;i.iii5
188.001
l,4«S.l«4
7.868.H74
1.878,886
803,0.S.l
UM.ixl
8,^1
8»,.<34
2»4,7')a
810,(W6
88,883
iso.r,!,)
139,318
lUO.STn
181,B80
7,4 12
7,777
i«,sao
1,4:0.888
1. 787,788
B.BTS.SflM
.
Tomi.
W
.Vol). 8.
7.
BW..
on. KlnRdom
Onntlnent
« 4C. Am...
Weat Indlm.
Brit. Cornles
Oth. oonntr't
.
KWB.
18H4.
188S.
iOi.121
88.400
88,130
4,107
IH
4,003
18.5H4.;«w'
24.8<>a
lH.4llt
B.737
0.40fl.0«o
a.Ksnosfl
The visible supply of grain, comprising the stocKs in granary
at the princiiMil points of acoumulation at lake and seu board
ports, and in transit by rail and water, Nov. 7, 18S5 :
Wheat,
lu
iiore.
jl—
New YorK
Do afloat....
..
Albany
Bulfalo
Clilr»KO
RU'lnuoiul, V»..
..
4.648,19.^
..
13,273.615
fl5.489
Milwaukee
2,988,311
2,011,260
2.366,895
1,741,813
239,048
2,696.554
Dulutli
Toledo
Detroit
Obwoko.
8t. IX)Ul8
136.525
255.105
195,872
389,061
1,049,062
3,836
205,724
840,996
1,414,026
25,806
Cincinnati
Ho8tou
Toronto
MonTr(':il
Pliilu<liill>hla
Peoria
Iniliunai>oll8
Kanmts City
Balrtiuore
Do
9,728,.U3
752,000
3,500
atliiat
Down MUslbfllppl.
On nill
On lake
On canal
224,480
702.500
830,677
Oal*,
Com,
biuli.
Inuh.
239,ri70 1,721.292
118.01
25,000
110,498
468.741
10,197
1,974
15,360
7,670
21?,317
2,702
21,8.;3
13,400
9,026
3,3S8
132.125
181.263
4,245
138,889
16,781
23.5,918
10.907
10,733
J7.129
117, loi
Barley.
buth.
117,97s>
137,000
24.000
162,883
146,180
5.500
21,752
272,357
>ni$h
28".784
7;i89
17,952
9,311
11,235
34,491
19,421
44,139
.'
65.V,90'5
213,421
72,486
238.253
74.605
220,889
198.484
21,128
3«,571
Xye,
72,»ino
»0,U8I!
63.999
16.025
297,062
23,187
623
8,441
""a'si
41.522
1,260
4,651
4,816
135,324
7.903
467,211
,05H,749
5!»1,«33
6"4",756
28,000
12,700
296,245
873,200
6,94"4
ll.S,25H
Nov.
Tor. Oct.
lot.
Friday. P. M..
November
13, 1885.
past week has developed a more active demand for
various descriptions of spring and summer goods for future
delivery, large aggregate orders having been placed in
the manufacturing trade.
and staple cotton goods were mostly
connection by jobbers and
fabrics
hands, selections having been individually small
and collectively moderate, but the tone of the market was
fairly steady, ovs-ing to the comparatively small stocks resting
with agents for domestic manufacturers and importers. The
jobbing trade was by no means active, but rather more than
an average business in department goods was done by leading
quiet in
—
movement in cassimeres, worsted
first
Cloakiugs, flannels and blankets were in moderate
demand, and there was a fair business in Jersey cloths and
stockinettes for prompt delivery. I.Adie8 cloths and tricots
were in steady request and leading makes are well sold up and
firm.
Satinets were taken in relatively small parcels to a fair
amount, and there was a light demand for Kentucky jeans
and doeskins. Winter dress fabrics ruled quiet in first hands,
but some fair orders were- placed for spring dress goods, as
cashmeres, Jacquard and boucle lace materials, nuns' veilings,
&c. Wool hosiery, knit underwear and knit woolens were
only in moderate demand, but there was a steady movement
in all these goods on account of former transactions, and
orders.
stocks are in excellent shape as a rule.
—
Foreign Dry Goods. The demand for imported fabrics was
and irregular. Seasonable dress goods ruled quiet, but
some fair orders for spring fabrics were placed with importers.
Silks, velvets, satins and plushes were quiet in private hands,and
some offerings were made through the auction rooms with indifferent results.
Men's- wear woolens were in light demand,
aside from worsted suitings, in which a fair trade was reported.
Linens, white goods, embroideries, laces, hosiery and gloves
were severally sluggish, but a better demand for some of these
expected as soon as retailers begin to make provision
coming holiday trade. The most staple fabrics are
steadily held, but dark fancy dress .goods are easier in some
Importations of Dry Goods.
The importations of dry goods at this port for the week
ending Nov. 12, 1885, and since January 1, and the same facts
for the corresponding periods are as follows:
H
the season. Despite the late lull in the demand for seasonable goods there is a very cheerful feeling in the trade, and
there are abundant indications that distributers throughout
the country take a very hopeful view of the business outlook,
the improving condition of many industries and bountiful
more than probable that the coming
be of unusually good proportion.^. At any
rate there is an evident disposition on the part of wholesale
buyers to make liberal provision for next season, although
there has not thus far been the least tendency towards specuspring trade will
i
o
B
—
ages, including 2,330 to Great Britain, 263 to United States of
Colombia, 163 to Brazil, 161 to Central America, 102 to Vene.
zuela, and a number of small shipments to other destinations.
The demand for staple cotton goods by the jobbing trade was
strictly moderate, and chiefly of a hand-to-mouth character,
as usual at this stage of the season, but a very fair business
was done with cutters and converters. Cottonades were decidedly more active in some quarters, and there was an increased demand for fancy duck, fancy woven shirtings, chev.
Brown sheetings were
iots, etc., by the manufacturing trade.
in pretty good demand for conversion purposes, but jobl)ers
continued to gauge their purchases by positive requirements.
Bleached goods, wide sheetings, cotton flannels and corset
jeans were severally quiet, but there was a steady call for
3
Flax
Si
?£
A
llannfao
811i
Cotton
Wool
E
tUsoeUaneoas
|rif|
a*
13
ii
1;
a
=
t-
1
i
i
;
1
^
iiiiT
Ii
tares
CD
•
;
;
;
o
i
CO 10 -'to CO
OOICD-IO
ro
c
fcOX
Kl
O W O O Oi
n
O
5
g
a
^
»-*
rv
•oco
M
r*?'
-1
to
^1 to
CO CO
JO 00 CO <I 4*
cnV'CoosI-'
**
£,
^o
^^^
-A
OLfQO
01
CO
cto
». ;y
©CCOGDW
*
tOtOM'-tO
^
K*
to
n
»
COr.-y.
Oi»-OMCD
csa5w-^<i
H
ta
to
*-.y
o
h3
*JW
05
03
Vlo
-
<T>
CD<X
ixicoc*;<OM
»^-4:3c;<to
E-
n\
CO
CJ'^
to
Kl-
wo
C?O't0-lO
Qni;»WODM
-q-400*1
H
1 II
e
M
M ooMWio
2
OitOO'QOOD
2 O
M
OJi.,
c
a*
£
-4 cn wi
«w
C
rOK,
^o
w 00
oo
OM
5 O
g
m
til
K)
u
to
00
Off. (^t-trf;
OD
o:
OU.Wt003
MWK10>~t
o.o*.«-i-
^I
H
C OD CO
cow
S o too
^ •^ M«'C;iQOc;i
2
MKJMM
^ -»
ai
oto
jx
MM
VtOOltOO
OOOiMQ
OOOl-l^-'
OjH-uitOQO
S
^*.tDC;i(©
no
OS
cc
<1
oieoci-j-j
-n
Cioi^ifcotj
=
*
3
to
toco
lt^0309«.-)
m
GQ
_
K
toa
OI
5
W
030300*.—
--to
OMCOOStO
03.-0DO-^«
SE
S£
o
u
ff
«
OD
os_
rj,
1*-
1• 1
'
.
if^
QD1--
9
to
on
wpc;<«»co
«.^*
,^.^,^,^03
M O —MO
tOOJ3<l>0
.c-
5^5^
»«
^*.
MO
^M
;^
60
p
<
fOCO^COOD
M
H.
I
to
it^
CO
9*
h-O
too
e
iMM?
si
10 to
lation.
Domestic Cotton Goods. The exports of cotton goods
from this port during the week ending Nov. 9 were 3, 105 pack-
W
S
A
1
and domestics and prints were distributed in fair
quantities, making due allowance for the advanced stage of
it
is
instances.
jobbers,
crops having rendered
suitings, indigo-blue flannels,
&c., in execution of former orders, and the tone of the market
continued firm, most of the mills being liberally supplied with
for the
The
Heavy winter
from January to April, and 2 13-160. for S6x608. Shirting
were very active (for future delivery), but fancy prints
continued dull, and other calicoes were in light request. Fine
dress ginghams and crinkled seersuckers were in good demand
for next season, and there was a satisfactory business in white
goods, scrim curtains and cotton hosiery for the spring trade.
Domestic Woolen Goods. The demand for clothing
woolens was comparatively light, but there was a good steady
tracts
prints
goods
THE DRY GOODS TRADE.
this
small parcels of denims, tickings and other colored cottons,
Prices of brown shuetinKS are somewhat unsettled and in buyers' favor, but bleached and colored cottons are generally
steady. Print olotbs were less active and a trifle easier at 3 8- 10c •
for (Mrx64 "spots," 8 8-16c. plus 1 per cent for 64x84 con-
light
593,751
7,'85. 46.797.693 4,436,926 3,756.571 2,211,443
734,472
31,'85. 4B.7-.I: 8.59 5,2S7,77i) 3,989,834 1.9«0,212
Nov. 8.'84. 35,.594, 21) 5.0S8,142 3,6K5,469 2,437.832 662,488
Tot. Nov. lO.'SS. 30.7T5,ii« 9.634.395 5.516,281 2.45(;,925 2,442.066
Tot. Nov. 11,'82. 19,189.1o8 4,067,168 3,772,154 2,806.957 1,1J8,023
lilt.
565
?
3
*
OJUtCOOOS
3
C
f
K)
CftOOOOOO
CD
»-Mt^MtO
1 ??
" s
••
»
-si"*
ooS h-
CCOOlOCO«
i».^03p;-l
ODCHOsikCO
t»iX10#.».
0>O3l0<O
—
>
(OO'BOse
" »
ao^i^v««k
ona<x-i'0
iU
i^aoS»
bitdlOWJ©
1 SI
»9
a
or
1^
*^
K>
Jn
«
o
Wi«*.
^00
MOD
«-t
MOO
UCl
-4
coco
Ik
GD^^»OQO
a*jMco«
tootoooo
Ktowua
oiVi
©^
•-•oo—c;*
\,\
CO >4 ^1
O i^
'p.
o
C»
K)CO
*o*
Ot3WtO^
Mvoigtoo
-.s
iT)
ll>
00
c^
tOi-*
Or-
V«
OICO
-~1
^*
•^
<its
to
>-o
-4
UU
tOIOll»03-4
a w^ —
;oa<oo
-10300.03
03 03
m
Ca
»
-ISO
tsu
»i-Jwa>o
CO
CO
-4
19
«
•>
Si
9
e
^tZf**^
a»oto<*c.
Oj^lO-ltO
9
M 2
^
*»ox»o
09i^»-aito
.s
X
o*
THE (mHONlCLK
566
WC&sUxn
&
Hayden
Ruction
IBauliJcrs.
Dickinson,
STOCKS
INVESTMENT BANKEK8.
DENVX;R, ..... COLOKAOO.
We have on hand and for sale Hrat-class County The
Sehfpol Bonds and other choice securities. We
and
recommend
to conservative investors our
Improved City and Farm
Properties. These have been made by us after rigid
investigation of title and values, and can be trans
f erred at once. Correspondence solicited. Highea*
especialiy
^aljes.
ItisttrattCje.
BONDS
and
At Auction.
Undersigned
REGULAR AUCTION
liold
SALES
STOCKS AND BONDS,
references East and West.
WEDNESDAYS AND SATURDAYS.
ESTABLISHED
&
MUTUAL LIFE
NEW
INSURANCE
R, A.
ON
ADRIAN
1871.
Keleher
F.
THE
of all elates of
RK A I, ESTATE LOANS on
P.
:[voL. xLi.
U. MITLLER &. SON,
NEW YORK.
PINE STREET,
No. 12
Co.,
fKgniTABLK BtriLDINQ.)
OiaVB STREET. ST. LOUIS.
Dealers In Western Securities*
OF
CO.
YORK.
McCURDY,
President.
ISSUHS EVERY DESCRIPTION OF
LIFEik ENDO WMENT POLICIES
Rates Lower than other Companies,
OEGANIZED APREL
14, 1842.
805
^ttxivticgs.
Oafanlted Bonds of Missouri, Kansas and llUnolB t
Specialty. Good InTestment Heourltles. paylns from
four to eUfbt per ^Ant for lalfl
W.
William
.
Assets,
Porter,
Attorney and Counsellor at Liaw
No. 623 WALNUT STREET,
PhllHdelpbia, P«.
of SuvetysJiip.
JBoxids
OTHER
IfO
BUSIlfESS.
The Guarantee
€o.
Capital
$300,000
400,000
214,000
CashAssets
Deposit with Insurance Department
President
Fabius M. CJarke,
ATTORNEY AT I.A'W,
D. J.
OFJ'ICB:
No8. 214
*
216
CO.,
BROADWAY, NEW YORK.
$250,000, invested in U. S. Gov't bonds.
$200,000 deposited with the N. Y. Isn. Deii't, lor
the protection of I'olicv-holders.
Assets, January 1st, 1»«5,' $ol2,u2H 11.
Officials of Banks, uaiiroads and Express Companies, Managers, Secretaries, and Clerks of Public Companies, Institutions and Commercial firms, can obtain
BONDS OF SUKISTyrSHIP
this Companv at moderate charges.
The bonds of this Company are accepted by
from
Attorney and Counselor at Law,
ATI.ANTA, GEORGIA.
PRACTICES IN ALL THE COUHT8,
Oorporation and Oononercial Law a Specially.
Refers to Judges Stephen J Field and Wm. B
8. Supreme Court. Washinuron. I> C
Woods U.
Commercial
t'le
&
courts of the various States.
CASUAI.TX DEPAlTrOTENT.
Co.,
COTTON SAILDUCK
And all
kinds of
OOTTON
CANVAS, FELTING DDCK, CAIi
OOVBRINQ, BAGGING, RAVENS DUCK. SAIL
TWINES, *C., "ONTARIO" SEAMLESS
BAGS, "AWNING 8TRIPH8.
AMERICAN
FINANCE COMP'Y,
96
BROADWAY, liEW YORK.
JOHN C. SHORT
FRANC'ia A. WHITE
JAMES 8. NBGLBY
HEO.B. TALBOT
WM. P. WATSON
President
Vice-President
2d Vice-President
3d Vice-President
Ist
SeCyandTreas.
Authorized Capital Stock, $1,000,000.
Paid In 500,000.
-_^ - .
-
UNITED STATES BUNTING
Fabyan &
DEFAULTED BONDS
of States, Municlpalitie
iind Railroad Companies negotiated or colleoted.
CALL AND TIME LOANS made on United States
Bonds and good Municipal and Railroad Bonds
FINANCIAL AGENCY for railroad companies and
other oorporattons. Will also conduct the reorganilation of railroad companies and other corporations
whose bonds are in default or whose property is in
the hands of Receivers or Trustees.
RAILROAD LOANS negotiated.
Circulars on application.
Shbhuan S. JxwvTT, Pres. JosiahJbwktt. V
William C. CORNWKLL, Cashier.
Bank of
Prai
Buffalo,
OAPITAI.,
$300,000
BUFFALO,
CO.
in gtuok
York, Boston, Philadelphia,
SKLLING AGENTS FOR LEADING BRANDS
4c
N. Y.
*"" »"perlor facilities for making oolleoiiL''.'?,S*?n
'° ''•e Unites Statet
R^Sld* -^rt 'm™'"''''* >P'°''»
J-'beral terms extended to
£l2S?.f..''^»'K""£'"'«aoooonu of bankers and merchants.
COBBl!8PONn>iNTS.-New York, National «ho«
*
Leather Bank: Union Bank of Undo".
years
BLEACHED SHIRTINGS
AND SHEETINGS,
Towels, iimits, Wb Ite G oods & Hoalerj
for KTfnrf Vfml4>.
ONL.T
Direct Line to France.
GENERAL TRANSATLANTIC CO.
Between NEW YORK and HAVRE.
From Pier (new) 42, North Klver, lootof Morton St
Travelers bv this line avoid both transit by KnKlish
railway and the discomforts of crossing the Channel
In a small boat.
ST. GERMAIN, Traub
Wed., N,,v 18.1 P.M.
NORMANDIl!. Franiteul
Wed .\<iv, afj. 7 .V..VI.
LAURKNT.DeJousselin.Wed., Dec. 2, a P. M.
CANADA, Do Ker.sal)icc
Wed., Deo. », 7 A. M.
Prick of PASSAGK{including wine):— To Havre—
,
ST.
First cabin, f 100 am; *80; sucnnd cabin, »rtO; steerage, 122— includinj; wine, bedding and utensils. Return tickets at very reduced r;ites. Checks on Bangue
Transatlantique, Havre and Puri8,in amounts to suit.
ft-oni Havre to Farls.
The Compagnie Generate Transatlantique delivers
Special Train
at Its office in New York special train tickets from
Havre to Paris. Baggaffe ctiecked through to Parts
without examination at Havre, provided pas^iengers
have the same delivered at the Company's dock In
New York, Pier 42 N<irth Klver. foot of Morton St.,
at least two hours before .the departure of a steamer,
DE BBBIAN,
No. 6
81,072,486
THE SOCIETY
Atfent,
BowUnK
ISSUES
IIVDISPUTABLE ASSURANCES
AND MAKES
PROMPT PAYMENT OF CLAIMS.
The United
IN
States Life
Insurance Co.
THE CITY OF NEW YORK,
(OKGANIZKD IN
1850.)
& 263 Broadway, New
261, 262
York.
H. BROSNAN, President.
0. P. Fralbiqh, Sec'y. A. Whkklwbight, Ass't Sec.
T.
GEO. H. BUHFORD, Actuary.
AM
the profits belong to the policy-holders ex-
clusively.
All Policies henceforth issued are incontestable
for any cause after three years.
Death Claims paid at once as soon as satisfactory
jsroofs are received at the
Office.
Absolute security, combined with the lareest liberality, assures the popularity and success of this Co.
All form of Tontine Policies issued.
GOOD AGKNTS, desirin*r to represent the Company, are invited to address J. S. GAFFNHY.
Superintendent of Agencies, at Home Office.
COMPABISON OF BUSIIfESS.
1883.
ISM.
Paym'ts to Policy-holders
for Death Claims,
Endow»83e,14918
1883 k 1884.
00 111,111,488 00
Dec. 31, '82. Dec. 31, '84.
117,167,105 00 $19,789,864 00
unpaid on Total Assets. Decem-
Green.
k
1882.
New Insurance Written. ...»."i,864,211
Insurance in force
Interest due and
ber 81, 1884, NONK.
MANHATTAN
Life Insurance Company
OF SEW YORK.
PRINTS, DENIMS, TICKS, DnCKS, Ao.
LOUIS
158,161,925
10,483,617
15,003,480
in 1884
last 25
New
BROIS^N
1, 1885
cent
Paid to Policyholders during
Co.,
Sav
Ings Banks, Insurance Companies, Bzecutora and
Trustees of Estates, and individual Investors.
UNITED STATES BONDS, State Bonds, Municipal Bonds. Railroad Bonds, bought and sold.
Income
{)er
1881
A fall lapply, all Widths and Colors, always
No. 109 Dnane Street.
lyrillg. fihf^.Unaft. ^r..
SOUND INVESTMENT BONDS furnished to
Surplus at 4
ments, Annuities, Surrenders and Dividends
$475,923 DS
Also, Amenta
Bliss,
January
Assets,
Home
aianofaotorera and Dealen Id
DIRECTORS:
Geo. T. Hone
David Dows,
W. 6. IjOW,
G. G. Williams, A. S. Barnes,
Charles Dennis,
J.S.T.Stranahan.U. A. Huribut,
Alex. Mitchell,
A. B. Hull,
J. D. Vermilye.
S. B. Chittenden
Geo. S. Ooe.
Wm. M. Richards.
©arils.
Brinckerhoff, Turner
_.
Policies issued awainst accidents causing death or
totally disabiintt injuries.
Full information as to details, rates, Sic, can be
obtained at head office, or of Company's Agents.
Wm. M. Hicharks, Prest. JOHN M. Crane, Seo'y.
ROB'T J. HILIJVS, Ass't Secretary.
Co.,
A. Angier,
E.
Secretory.
FIDELITY & CASUALTY
New
York; Eastern
Banking Co and Gen. F. A. Osborn. Boston, and the
Rank of Toneka. Topeha. Kansa?.
BROADIVAY.
TOMPKINS,
BROADWAY, NEW YORK.
D. J. Brewer, O, 8. Ctrcun
Judge; Corbin Bankiner
Niw York Directors—Joseph W. Drezel, A. L
Hopkins, H. Victor Newcomb, John Paton, IJanie
Torrance. Bdw. F Winslow, Erastus Wiman.
Cash Capital.
Commercial and corporation law and munlcipa
References; Hon.
Hon. .Ias. I-'krriik.
Edwakd Rawlings.
NEW YORK
NO. Ill
TOPEKA, KANSAS.
bonds, specialties.
Vice-President
Siu AI.EX. T. Galt,
ManaKinK Director:
EQUITABLE
Corpijration, Transportation
OF NORTH AMERICA.
CmU
$103,876,178 51
-
LIFE ASSURANCE SOCIETY,
120
and Commercial Law.)
Refi-:rexces:— The ["rust Companies, The National
Banks and Railroad Companies in Philadelphia, and
the Judges of any of the Courts.
-
156
& 158 Broadway, New
York.
Old and tried, solid, conservative, economical. New
form of policy— plain, liberal, incontestable, nonforfeitable. Non-participating, very low rate policies
issued, as well as tlie ordinary participating ordinary
rate policies. Liberal surrender values. Writ© for
information and aKCncies.
H. STOKES, President.
H. Y. WK.'tfPI.B,
N.
STEBBINS,
Sec'y.
At'y.
.
L.
HALSEY.
Ist V. Prea,
U. B. STOKES, 2d V. Pros.
mutual'benefit
LIFE INSURANCE COMPANY,
IMJBWARK,
AlVfZI
DOBO,
^. 3.
-----
Assets (Market Values)
Liabilities (4 per cent Reserve)
Surplus
Surplus (New York Standard)
PollciOH
Prestdeut.
$38,615,319 82
Sd.HST.sa? 70
m
2.757.491
5.411.241 50
Absolutely Noii- Forfeitable
AtXer Second Vear.
In cask of lapse the Policy
is
continued in
FORCE as lOHK as it.s value will pay for; or, If preferred, a Paid-up policy for its full value is issued in
exchange.
After the third year Policies are incontestable.
except aa against Intentional fraud; ami aU Testrictiims us to travel or occupation are removed.
Cash loans are made to the extent of 50 per cent
of the reserve value, where valid assii^nments of the
Policies can be made a» collateral security.
L088ES paid Immediately upon completion and up
proval of proofs.
@FedFRASER