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HUNT’S
MERCHANTS’
^
REPRESENTING
THE
INDUSTRIAL
[Entered according to act of Congress, in tile
YOU. 39.
grWSqRlpn,
AND COMMERCIAL INTERESTS OF THE UNITED STATES,
year 18S4, byWa. 13. Dana & Co., in tlio office of tlie Librarian of
Congress, Washington, D. C.f.
SATURDAY, NOVEMBER 15, 1881.
CONTENT8.
Clearing-House Ret urns
The Financial Situation
What Makes Railroad
THE CHRONICLE.
Ellison & Co.’s Annual Review
531
532
of the Cotton Trade for the
Earn¬
Season 18»3-8 L
539
ings Small
534
Monetary
and
Commercial
IIow Bank Tax Kom a' Helps
542
English News
the Agricultural Disirii ts... 535 Commercial and Miscellaneous
Railroad Earrings in October,
News
514
and from Jan. 1 to Oct. 31.. f3(> I
THE BANKERS’ GAZETTE.
Money Market, Foreign Ex¬
Quota ions of Stocks and Bonds
change, U.8.Securities, State
and Raitroad
Sto ks
MAGAZINE,
Bonds
and
51G
Rmge in Prices at the N. Y.
Stock Exchange
517
548
549
New York Local Securities
Railroad Earnings and Bank
Returns
550
National Bank Returns
551
Investments, aud state, City
and Corporation Finances... 552
NO. 1,012.
ing weeks. The market value of the shares disposed of is
$66,475,000, against $117,131,000 in 1883, and if double these
amounts be deducted from the clearings at this city, the
remaining exchanges are seen to be $344,260,695 and $388,225,973, or a loss of but 11*3 per cent, against 3P8 per cent last
5veek and 30*5 per cent October 25.
Outside of New York the
exchanges aggregate $252,817,918, against $283,539,498 in 1883,
or a
decline of 10*8 per cent.
On November 1 the decline
was
19’6 per cent, and the preceding week 12‘7
per cent. The cities
which make a less favorable comparison than during the pre¬
vious
week
few, viz.: Providence, Worcester, Pitt-burg,
Chicago, Detroit, Indianapolis and St. Louis. The following
shows the amount of the exchanges at each city in our usual
are
form.
%hc Chronicle.
The
TUerfe
Commercial and Financial Chronicle is published
Neto York every Saturday morning.
[Entered at the Post Office, Now York, N. Y.,
as
Ending November 8.
Week Ending
Nor. 1
in
second-class mail matter. |
1884.
New York
1883.
Per Cent.
$477,210,093
$022,487,973
-23*3
slvres.)
bales.)
(115 *,(545)
(2> 9.200)
10
(Grain., .bushels)
7s.
(Petroleum..bids.)
(23.892,000)
32,3 >8,000)
(1,155,520;
(374,100)
(54,171,000)
(44,315,000)
(-34-1)
(-22-7)
(-55-9)
(-27-3)
1884.
PerCent
$458,532,568
-439
Pales of—
TERMS OF SUBSCRIPTION-PAYABLE IN ADVANCES
20
For One Year (including postage)
$10
For Six Months
<to
6
Annual subscription in London (including postage)
£2
do
Sixmos.
do
do
£1
These prices include the Investors’ Supplement, issued once
months, aud furnished without extra charge to subscribers
8s.
«
mvf
-43
5,041,800
—24-2
Hart ford
1,303,180
1,054,443
—170
New Haven
1,062,532
1,231,270
Portland
1,035.868
715,655
1,001,008
888,465
461,916
801,957
936,911
5S9,218
$77,990,8 >2
$82,978,650
$44,014,967
Providence
Buddings.
Irmv
$71,721,449
Boston
of the
Offices in England.
The office of the Commercial and Financial Chronicle in London
is with Messrs. Edwards & smith, 1 Drapers’ Gardens, E. C.. where
subscriptions and advertisements will be taken at the regular rates,
and single copies of the paper supplied at Is. each.
The office of the Chronicle in Liverpool is at B 15, Exchange
«
vrVbvn
JOHN o.
iLOVD.
$65,639,918
3,823,300
in two
Chronicle.
Subscriptions will be continued until definitely ordered to bo stopped.
The publishers cannot be responsible lor remittances unless made by
Drafts or Post-Otllce Money Orders.
A neat tile oover is furnished at 50 cents; postage on the same is 18
cents. Volumes bound for subscribers at $1 00.
WTTTT.„
(Stocks
(0 tt n
Worcester
Springtleld
Lowell
Total N.
Philadelphia
$
& Co., Publishers,
79 A 81 William Street, NEW ¥OHK,
post office Box 958.
(—36 6)
(-6-8)
(22,795,200) (-645)
(83,005,000) (4-1290)
(477,000)
$58,811,468
4,408,700
1,171,465
-29-1
-13-7
1,016,038
-19-6
+34
-108
1,023,975
808,300
-4-7
-5-2
653.389
-23-5
-21 0
456,011
-270
-60
$68,439,346
-22-4
—11-2
$39,828,337
-27*2
—22*6
8,461.699
-8-0
+0-9
11,577,658
—18-2
-24 2
+5-4
-45
Pittsburg
6,712,590
Baltimore
13,725,256
$49,547,447
8,671,009
13,010,127
$64,452,813
$71,823,642
—lu-3
$59,807,694
-233
$42,701,78»
8,905,700
4,044,787
2,604,666
$51,011,737
10,(>91,200
—16-3
-149
3,936,531
+2-7
3,’.88,230
—18 3
—11-8
) WILLIAM B. DANA
?
England
(888,448)
Total Middle....
Chicago
—On page 551 will be found the detailed returns, by
States^
of the National Banks, under the Comptroller’s call of Septem¬
Milwaukee
1,343,308
1,749,584
-23-2
$-44,515,793
8,062,250
3,702,453
2,690,505
1,335,827
ber 30, kindly furnished us by Mr. Cannon.
Cleveland
2,241,89)
4-29
1,8>1,996
-20-2
Columbus
1,475,115
4-266
—19 9
1,192,532
776,746
—19 3
819,090
2,181,631
3,164,779
1,022,681
$64,139,315
$74,340,473
-13 7
$ ,4,157,602
-163
$15,237,781
$13,430,400
12,522,551
5,063.784
2,880.050
2,073,100
-173
$12,918,575
8,173,506
-172
3,289,467
3,602,045
1,3-5,6 ;9
-40-0
Cincinnati
Previous returns
published, those for June 20, in the Chronicle of Aug.
1G, 1SS4, page 180, those for April 24, in the issue of June 14,
page 704.
were
Detroit
I«
dlanapolis
Peoria
Total Western...
St. Lou:s
New Orleans
CLEARING HOUSE RETURNS.
11,100,437
3,95 r,442
3,757,015
1,93(5,003
Louisville
Kansas
City
Memphis
—1*7
-1P3
—2P8
4-3 P5
-237
-8-7
—5*9
-37-6
-18-3
4-37-8
Notwithstanding the week under review has been broken
-6 6
—IDS
into by the Presidential election with all its depressing influ¬
Total Southern..
—12-1
-17 3
$36,019,640
$40,970,091
$^9, .‘.69,802
ences—particularly aggravated this year in consequence of the San Francisco
-53
$10,215,2.88
$13,415,030 -23’9
$13,305,680
uncertainty which attached to the result for some days—the
Total t,ll
$730,028,013
—19 4
-37 5
$906,037,471
$691,73:2,752
exchanges make the most favorable comparison with last year
By ttdegraph we have the exchanges for the live days end¬
of any week since the beginning of our record.
In fact, Port¬
ing this evening at the .cities embraced in the statement be¬
land, Baltimore, Milwaukee, Cleveland, Columbus and Kansas
The figures do not make so favorable an exhibit in comlow.
City report- clearings in excess of 1883, this being especially
noticeable at Columbus, where the increase reaches 26*6 per
cent.
Kansas City, which all along has made a better exhibit
than last year, falls somewhat behind preceding weeks, record¬
ing
an
increase of 31 '5
per
the Stock Exchange,
although still far. from active, has been of larger proportions,
and to this is due, to a great extent, the improvement
shown.
The falling off from last year is now only 23 3 percent, against
43*9 per cent and 33 2 per cent
respectively in the two preced¬ [
year as
those given above,
They
are as
fol-
lows.
Five
cent, against 37*8 per cent Novem¬
ber 1 and 33*7 per cent October 25.
At New York the speculation on
parison with last
Dags Ending Xov. 14.
\
1884.
$446,930,809!
New Y*>r<
Sales of Stock
(slis.)
Baltimore
226)!
$53,145,3 :l!
Boston
Philadelphia
(1,320
.
31,873,750
—
10,1-2,772
1383.
)
Per Cent.
7,702! —331
(1,720,463) (-233)
$62,703,736. —13*4
44,423,014
—23*2
*667,8.
j
12,192,638,
—83
Fire
Days End'g Nor.7
1.H.84.
$392,400,166
(851.101)
$50,660,838
37.737,910
St. Louis
12,928.990
13,940,8871
-7-3
11.904,245
12,828,678
Total
*535,001.244'
*801,252,6471
-30-7
*514.5)0,887
•
PerCent
—226
(-27 3)
—14 0
-8-4
4 4-9
—
10-4
-20 2
THE
532
THE FINANCIAL
CHRONICLE.
[VOL. XXXIX.
prevailed and
shipments from London even up to the present time,
Still, in view of the conditions which have
SITUATION.
of the
Business revival
comes more slowly than anticipated, its progress being
hindered by a vague feeling of fear lest some dispute may
arise in the official counting of the votes cast in New
quiet week.
presumption that America is just now in
want of gold not only and perhaps not mainly because
it is capital to be used in productive enterprise—for we
have more than we can.employ in that way now—but
State
the
Tuesday
York
at
Presidential election. Since
Looking at the ques¬
because of some other office it fills.
this official canvass has been going on, and each succeed¬ tion in this light we find there is apparently what we may
ing day’s results have helped to re-assure the public mind, call a currency inquiry for gold, for the amount in sight
has decreased during the year while the demand of the
so that as the week closes Wall Street markets have shown
more strength, and an increasing disposition is manifest
banks on the Treasury holdings lias been quite active
on all sides to accept results and go to work again.
Sev¬ until the Treasury at one time this Fall became anxious
eral days more will however be required to complete the about its gold reserve.
In other words the Treasury,
count in this city, and until that is also finished, enterprise
the banks and the people give evidence of a desire to
But with increase their gold holdings. On another page we pub.
will continue to be in a measure held in check.
the Presidential question fully out of the way, the prevail¬ lisli in detail the National Bank returns under the last
ing belief encourages the hope that a speedy change for call of September 30tli. As that return corresponds in
the better can be looked for in all departments of busi¬ date with the monthly Treasury Statement it enables us
ness.
to make an exact exhibit of the gold in the banks and
As an influence in Wall Street, the cutting of rates by Treasury—that is. the total amount in sight—as follows.
the trunk lines has proved less of a feature than hereto¬
Nov. 1,
Nov. 1,
Sept. 30.
Nov. 1,
Nov 1,
1884.
1&83.
1881.
1S82.
1880.
fore.
The contest has continued with unabated bitterness,
This has been
a
very
it
seems a
fair
„
Gold.
previous declines have brought in buyers of New York
?
$
?
*
*
In the Treasury, less
Central at least, and so the downward movement has been
certificates
133,070,349 107.781,900 148,435,473 157,353,760 1S0,514,3S4
checked. Besides, it was announced on Monday last that the In national banks, in¬
cluding certiticates.... 102,851,032 107,222,160 04,127,324 97,570,057 117,185,000
two cent per mile rate west of Buffalo had been restored on In State banks, includ¬
17,102,130 19,001,401 17,892,500 18,255,300 20,250,000
ing certiticates
all the lines, and this was assumed by the Street as ah indi.
Total gold
253,032,511 204,005,500 200,455,207 .273,179,117 207,040,384
cation that the Grand Trunk would not act in concert with
The Mint Bureau says that the stock of gold in the
the West Shore longer, and that West Shore's operations
increased 14J- million dollars during the
would therefore be confined to this State ; but as through country has
tickets are still sold as heretofore, this measure seems to year, and yet in a time of great depression, when it
would seem as if the old stockings would be emptied to a
have had as yet no apparent result.
Better success is
considerable extent through the force of necessity, and
expected to attend the meetings of the committee of trunk
when the active circulation is at a minimum, the amount
line Presidents.
They have had several sessions this week
in sight has fallen off
million dollars. The people
about freight rates, which have of late been greatly demor¬
therefore seem to be hoarding gold still, the banks show
alized, especially east-bound. It is reported now that the
what their desire has been by reporting a larger total than
determination was unanimously reached by this committee
at any other date given, while the Treasury has expressed
to restore rates at once and to maintain them in all cases
its wish by replenishing its stock through the device of
at the pool tariff.
The order is expected to go into effect
making its payments half in legal tenders.
on Monday, ami is a very important step if it can be made
With reference to our foreign trade we have received
effectual.
Soon the lakes and canal will be closed, and as
this week the breadstuff's and provisions figures for Octo¬
there is an unusual amount of produce to be moved during
ber issued by the Bureau of Statistics.
We give them
the Winter, good rates must assure a fair income.
Gen.
below, adding the corresponding movement during 1883
eral business, too, gives excellent promise of a very consid¬
and 1882 for comparison.
erable expansion, so that if rates can be maintained the
but
future of railroad
property would look far more
promising
from U. S
than it has of late.
Other than this and the
Presidential .question, the course
foreign exchange has attracted most attention during
the week.
With the Bank minimum in London .> per
of
.
Exports
1883.
1884.
1
t
October.
4 Months.
October.
4 Months,
j
Quantities.“
Flour.. .bbls.
7,084,659 35,466,SOS
880,213
3,019,139
Tot. in busb.
11,045,017 49,052,433
Wheat,
.bu.
1882.
i
i
October.
|
‘
4 Months.
j
10,043,2471
639,848]
58,655,814
2,639,273
10,058,515 40,065,362: 12,922,563
70,532,565
6,587,728
28,158,632
771,286
2,645,940j
.
"
$
*
1
and the open market rate still 4.g-, while not over '1
Wh’t & tlour 10,057,333 46,837,355 11,319.418 45,820.555 14,371,199 82,835,293
per cent is obtainable in New York, we still find gold Corn & meal.
2,105,337
848,922
735,161
2.9(50,900 12,343,837
4,379,624
112,544
300,795
1,560,031,
1,116,472
326,370
384,796
withdrawn from London for shipment to this side.
To be Rye
Oats X oat69,244
But meal*
sure, as the week closes, rates have been marked up.
16,508
880,73?
305,529
108,889
342,930
127,003
13,509
270,568
97,811'
58,293
25,398
Barley
the considerable movement that has already taken place
j
Total breadimplies a pressing demand in America for gold. It may be stuffs, value 11,541,112 53,511,755 14,710.975 60,165.168, 15,362.682 85,444,272
4,062,620 27.330,405
7,458,333 33,571,102
8,328,797 42,277.539
claimed that it is the natural set of the current in this Provisions
Total " pro¬
direction, produced by the rapid marketing of our
visions
and
products. In a sense of course that is true, and yet our brand stuffs 18.999.445 87,085,858 23.069.772 102.442.707 2n.025.308 112.774,677
Oatmeal not stated in 1882.
trade balance during past months has been so small as
'These results do not afford a very favorable promise for the
probably to leave us in debt on the general account, while
month's total, and yet the cotton shipments for the same
even in November it does not promise to lie large, .judging
from the New York weekly statements.
Besides, the con¬ month show a considerable increase. There is a loss in values
ditions noted above as to interest rates, would, if free to compared with 1S83 in the two items given of over four mil¬
lion dollars.
The wheat shipments are. however, in amount
act, lead us to take something besides money in payment?
money being in such limited request here that, when it very fair, being one million bushels more than in the same
arrives, it earns less than it did before. If or this reason month last year, but about two million bushels less than in
We have this week, received from India the wheat
most bankers incline to the belief that the gold movement 1882.
o America has about ended for the present.
export figures for August, being one month later than we
cent,
$
Values.
*
*
*
1
..
;
..
*
THE CHRONICLE.
November 15,1884. J
before reported.
The movement still continues to'
show' a decline, present prices apparently not being high
enough to draw out the crop freely. The total wheat
exports from April 1 to August 31 are stated at 7,817,787
owt. in 1884, against 13,674,007 cwt. in 1883.
This
decline in India shipments would favor the opinion that,
later on, the demand on America for wheat might become
more urgent than it now is.
But the influence (that is. low
values.) which is checking India’s movement does not seem
to act with the same force on other producing countries,
as would appear from the latest report of amount of wheat
afloat for Europe, the total being now only 1.400,000
bushels less than at the same time in 1883, which is so
small a loss as not to give promise cf any speedy recovery
in price.
Foreign exchange, as already stated, lias grown firmer
towards the close of the week, being marked up to $4' 81 for
long and $4 85 for short, yesterday. The reason for this
advance is said to be mainly on account of an inquiry on
the part of several of the banks in this city to make
investments in long sterling, intending to hold it until it
became short, by which operation they would realize about
5 per cent per annum interest, and, if there should be a
further advance in the Bank of England minimum, probably'
they would make more. Another inquiry came, it is said,
from a few foreign bankers remitting balances to the
other side, finding more profitable employment there for
their money.
The future course of the market is quite
difficult to forecast.
So far as our products are con¬
cerned. we have a large surplus for export.
At present
our imports are small.
Should they continue so (and there
is no immediate prospect of a change) we are inclined to
believe that the movement will begin again.
This week
we have
reports bv cable of the purchase in the open
liave
•
market in London of two lots,
one
£70,000
and another
£60,000 gold from Holland—probably Dutch guilders—
for shipment to New York, and also of about $1,000,000
in French gold in transit from the Continent.
So far as
reported, no bullion has been taken from the Bank of
England for America.
Of the special influences affecting adversely AYall Street
values early in the week, besides those already men¬
tioned, maybe stated the report of the large decrease in
•earnings of the Chicago N Northwest, coupled with
the rumor, which was quickly denied, that the divi¬
dends would be reduced; Louisville & Nashville was
■also
broken
down
on
Monday by an unfounded
report that the
road would be placed in the hands
of a
receiver; Central Pacific fell heavily on the
announcement
the
that
connection had been made between
533
receivers of the
Reading will probably defeat its payment,
orted that the stockholders of the
company would be asked to accept a smaller rental for the
present. It has so long been evident that the Reading
could not provide the funds for this dividend that the
announcement of a possible default had
very little effect
upon the stock.
Louisville (0 Nashville, as already stated, manifested
considerable weakness early in the week, mainly under the
rumor
that a receiver would bo soon appointed, which
officials of the road subsequently denied.
Probably, how¬
ever, the continued loss in the company’s earnings was the
basis of the attack.
The earnings for the month of
< Ictober, given on another
page, show a falling off of
$210,995, and the return just to hand for the first
week of November shows a loss in that period of $61,865Were it not'that the decline in earnings has been going
on for some time, it
might be supposed that the present
loss was in large measure the result of the election excite¬
and it has also been rep
ment. which
the
interfered with business in all
sections
of
But more substantial grounds for the
falling off are found in the depressed condition
of all manufacturing and industrial interests, and also
in the fact that earnings last year were
exceptionally large.
As regards the latter point, we may say the loss for Octo¬
ber occurs after a gain of $288,533 in 1883 ; in other
words, the gain of last year was not entirely wiped out;
country.
but for the first week of November the loss of $61,000 com"
with a gain of only $51,000 in 1883. A more
important circumstance, however, than the showing of
gross earnings is the showing of net earnings.
A loss in
earnings may be wholly or in part offset by a reduction in
expenses, and thus net earnings are the true guide to a
company’s current income. We have this week obtained
the Louisville & Nashville statement of expenses for the
month of September, and find that whereas the loss in
gross earnings in that month had been $188,813, in net it
is only $93,061, the company having succeeded in cutting
expenses down $95,752.
The loss in net earnings for the
month is not very heavy, either, when we consider that
in 1883 there had been again of as much as $123,176. The
following shows the gross and net earnings for the last four
years—in September and the nine months ended Sept. 30.
pares
,
Lorrsvn.LE & Nashville.
1884.
$
1,145,306
St'itU’niber.
Gross earnings
Operating expenses
Net
1883.
!
1882.
*
i
$
i
1,114,513
1,334,170
7(53,437
570,712
earnings
000,947'
447,506 i
362,7071
’
Net earnings
i
Srpt. 30.
1
Gross earnings
Operating expenses
1881.
$
951,;: 0(5
568,803
i
1 t<>
|
...
9,879,028
10,085,405;
0,223,651
3,(550,977
0.077,284
9,343,089
5,853,725
8,122,410
5,104,893
4,008.181
3,489,304i
2,957,512
Oregon Short Line and the Oregon Railway
Navi¬
Thus, as in < )ctober, the gross earnings decreased less
gation at Huntington. thus giving the Onion Pacific an
this year than they increased last year, and both gross and
independent Pacific outlet. The fall in these properties tem¬
porarily aided the efforts to keep the market unsettled, but net are larger than in any previous September, with the
after Wednesday the recovery was general.
Onion exception of 1S83. It will be noticed that the same re¬
Pacific tlien became prominent as a leader, this stock mark also holds good with regard to the exhibit for the
being influenced by favorable statements regarding its nine months, the net, though $357,804 below 1883, being
financial future, more particularly in relation to the vet $161,013 above 1882, and $692,865 above 1881. As
reduction of its floating debt,
A report that a second bearing upon the future, though business may fail to re¬
issue of collateral trust bonds was contemplated was vive. it should not be forgotten that the World’s Exposition
denied bv President Adams, who said that the policy of at New Orleans opens next month, and that this is ex¬
devoting net earnings to the payment of the floating pected to prove of very material advantage to all Southern
obligations would be continued. The rise in this stock roads.
was also aided
Money continues a drug at this centre and this week’s
by the practical extension of the Oregon
Short Line to the Pacific, thus enabling this hitherto almost bankers’ balances have been difficult to lend at 1 per cent.
unproductive piece of property to contribute something to The banks show a larger amount of cash and surplus
the revenues of the Union Pacific.
The transfer books of reserve than ever before reported, and from present indi¬
the Central New Jersey were this week closed for the cations both casli and surplus will continue to accumulate.
•quarterly dividend, but the opposition of one of the The Western papers report a very limited demand from
...
THE
534
CHRONICLE.
interior for money and in many cases a return of
funds previously sent out; and the domestic exchanges on
New York at leading cities reflect a tendency in the
the
the week’s
by the New
returns collected by us, exhibits
from
receipts and shipments of gold and currency
Week Ending Nov. 14,
Received
1884.
Movement■.
N.T. Banka.
13,114,000
.*2,504,000
830,000
*550.000
Gain
*830,000
Loss...
Qain..*1,734,010
*1,380,000
*3,114,000
Total gold and legal tenders
Net Interior
Shipped by
by
N.T. Banka.
^nrrflnnjr
<jold
*$825,000 of this was transferred in the shai>e of silver certificates
l>y a deposit of gold in the Sub-Treasury.
The above shows the actual
changes in the bank holdings
gold and currency caused by this movement to and from
In addition to that movement, the banks
the interior.
gained $500,000 through the operations of the
Sub-Treasury and $1,500,000 more by imports of gold.
Adding these items to the above, we have the following,
which should indicate the total gain to the New York
Clearing House banks of gold and currency for the
week covered by the bank statement to be issued to¬
day.
have
Into Banka.
Week Ending Nov. 14. 1884.
Out
Net Change in
Bank Holding»
of Banka
Gain.
C00
2,000,001'
Gain.
43.731,000
Cain, 41,734
*1,380,000
13.114.000
Banks’ Interior Movement, as above
Sub-Treas. operations &. gold impt
2,000,000
.
*5,114,000
Total gold and legal tenders....
*1,380,000
/
The Bank of
England return for the week shows a gain
of £21,000 bullion.
This represents £110,000 drawn from
the interior and £05,000 sent abroad.
The Bank of France
lost 10,500,000 francs gold, possibly to Greece, and gained
fl’he Bank of Germany since the last
500,000 francs silver,
report shows an increase of 3,420,000 marks. The follow¬
ing indicates the amount of bullion in the principal
European banks this week and at the corresponding date
last year.
November 13, 1884.
Bank of
England
Bank of Germany
Total tills week
previous week
j
November 15, 1883.
Gold.
Silver.
Gold.
Silver.
£
£
£
£
22,083,186
10.319,200
41,050,582 41,131,572 38.317.205 40,431.159
0,840,000 £0,520,000
6,023,750 20,771.250
Bank of Franco
Total
....
07,818,701 61,051,572 07,321,141 61,202,409
08,175,275 61,502,697 67,362.851 61,142.828
The
Assay Office paid $133,616 through the SubTreasury for domestic bullion, and $2,365,756 for foreign
bullion during the week, and the Assistant Treasurer
received the following from the Custom House.
Consisting of—
J>ulies.
Date.
Gold.
Nov.
7.
“
8.
U. S.
Gold
Silver Cer¬
Notes.
CertiJic's.
tificates.
$153,043 33
236,483 06
$5,000
$34,000
$11,000
3,000
07,000
26.000
123,000
103,000
1
130,000
141 000
174,000
52,000
“
10.
“
11.
361,610 Ofi
305,125 01
“
12
41.1.380 87
7,00<8,000
17,000
“
13.
310,500 50
8,000
$1,057,213 33
$48,004
Total
in
so
small ?
Starting with the returns .for October, it certainly
be said that the loss is chargeable to a small
movement of cereals
and staples, as was the case in
some previous months.
Most assuredly the movement of
grain over some roads was smaller this year than a year
ago, and with these that of course was an unfavorable
feature ; but taking the aggregate of all roads, the
was
movement
large, the receipts of all kinds of
grain at the eight leading primary markets of the
West in the five weeks ending November 1 having
been 38,350,447 bushels, against only 33,854,435 bushels
in the corresponding period of 1883.
Of cotton, too, the
marketing, which in 1883 had been quite rapid, was still
more free in the
present year, the receipts at the ports for
the month having been 1,072,532 bales, against 1,036,067
bales in 1883 ; so that there was no drawback to large
earnings in the movement of this staple except so far as
the sources of receipts changed, which they did, in some
cannot
York banks.
of
work, and the crop movement was fully under way, rail¬
road receipts all over the country would reflect the change
larger totals. Now that the majority of the reports
The following statement, made show heavy losses, the inquiry arises, what makes earnings
direction of this centre.
up
[VOL. XXXIX.
$727,00*
$00,
103.00
68,000
125,000
O.OOU
$101,000
K'
1 lO.OOi
lOl.OOt
,
llO.OOu
£777,000
WHAT MAKES RAILROAD EARNINGS SMALL
few instances.
The chief
for the diminished
earnings is undoubt¬
edly to be found in the prevailing industrial depression.
This, as is well known, operates to decrease the volume of
freight in numberless ways, forces an acceptance of lower
rates, and causes a falling off in passenger travel. The
truth is, the depression has been growing worse ever since
the May panic.
Up to that time, the volume of business
had not been so much affected as the margin of profitManufacturers were keeping production up to pretty nearly
full limits, contenting themselves meanwhile with small
profits in the expectation that a revival in business, and a
consequent increase in consumption, might come at any
The panic, however, effectually destroyed all
moment.
hope of an early improvement, and manufacturers, merch¬
ants, middlemen, shippers and producers alike, reduced
their
operations accordingly, and -retrenchment and
restriction have been the order of the day.
Another
adverse influence is of course the large amount of new
mileage in all sections of the country, with which the old
mileage has to contend. The effect of this is seen in the
frequent reductions of rates and the incessant warfare
between the lines.
The present passenger war between
the trunk lines to Chicago is the direct outgrowth of the
introduction of a new competitor, as our readers know.
During October this passenger war raged with great fierce¬
ness and must have operated to cause a
falling off in the
passenger earnings of all lines concerned.
In another sec¬
tion of the country, however, there is also a rate war on
passenger business, the lines running between Chicago and
St. Louis and Kansas City having for some time been
engaged in a strife of this kind.
These are the more prominent causes for the unfavorable
exhibits of earnings that are being made.
As showing the
effect upon passenger earnings of the depression in busi¬
ness, the competition of new lines, the reduction of rates,
and general rivalry, no better illustration could be oilered
reason
indeed
In another column we give our usual review of railroad the only
great east-and-west trunk line reporting, and for¬
earnings for October. It is there shown that the exhibit tunately we have the details which enable us to state the
for the month is on the whole quite an unfavorable one, passenger
and freight earnings separately. And in this
least
case
at
the loss in passenger receipts, as a result of
though there are exceptions to this remark in the case of
a few roads.
The figures now coming in for the 1st week the various adverse circumstances at work, has been more
of November are of the same general character, and little important than the loss in freight receipts.
Whether the
true
same
is
for
the
American
trunk
lines
we
are not pre¬
improvement in results is apparent. Many supposed that
when farmers had finished their usual summer and autumn pared to say, since we have no returns from them. Th®
than that of the Grand Trunk of Canada.
This is
November 15
CHRONICLE.
THE
If84.1
535
The ordinary current of demand was thus
freight, respec possible.
tively, by the Grand Trunk (as compared with the cor¬ temporarily checked. It will assume its natural propor¬
responding periods of 1SS3) during each of the last four tions again as soon as the election question is fully settled,
following shows the loss on passengers and
increased
weeks.
delayed.
Loss.
Then
Week ending —
On
Passengers.
3 4.215
25.397
59.012
40,778
10,519
60,297
$11,658
$186,435
November 1
*144.797
“
Total
Freight.
$27,496
39,0.0
34,172
“
Total.
$864
11
$2«.i 32
18
25
October
On
by whatever amount the demand has been
to the movement of
grain, this has been larger
than last year, but not so much larger as the increased
surplus of this year’s crops would warrant. Besides, up tothis time we have had the benefit of only one of the cereals
as
-—wheat—and what this has
done for
some
of the North¬
roads, where the movement has been most pro¬
less nounced, is shown on a subsequent page in our regular
than $144,797 was on account of passenger business, and article on
earnings. Soon we shall also get the benefit of
only $41,058 on account of freight business, and yet the the large yield of corn, and this cereal affects railroad
aggregate of freight receipts is usually twice that of the traffic in greater degree than any other. Not only will
passenger receipts, so that the difference in the ratio of it increase the traffic of the roads directly in the corn belt,
loss is even greater than these figures indicate.
hut all lines carrying to the seaboard for export will also
As an illustration of the way contraction and depression share in the movement.
Altogether the prospects for
in business are affecting the earnings of some roads of minor future months
are, we should sa}*, far from discouraging.
importance, we may take the Flint & Fere Marquette as a
type. It is perhaps an extreme case, but will answer the HOW
BANK
TAX
REPEAL, HELPS
THE
purpose.
The Flint & Fere Marquette is a Michigan road,
AGRICULTURAL DISTRICTS.
and may be briefly described as connecting Lake Mich¬
Through the kindness of the Comptroller of the Cur¬
igan and Lake Huron with Lake Erie, being besides
rency, we have this week received our usual compilation,
provided with a number of branch lines the better to
containing the details of the National Bank returns under
drain the territory traversed by it.
Its business consists the last call, and
give them on a subsequent page. By
chi;fly of the transportation ol lumber, logs, and other
arranging these figures in the form we have adopted, sev¬
forest products, nearly 62 per cent of its total tonnage in
eral facts become apparent, interest in which is by no
1883 having been composed of this kind of freight.
means confined
to banks.
We have, however, space only
Under the increased demand for all kinds of timber,
to notice one of them to-day.
induced by the growth and expansion of the country, the
The feature which most attracts attention in these
road gradually increased its earnings from year to year,
returns is the marvelous growth of the national
system^
till in October, 1883, it reported gross for the month of
which is even now in progress.
This development began
$257,779, against only $161,140 in October, 1880. But in
1880, the three to four years prior to that date showing
note the change that has taken place now as a direct
a
retrograde movement. Thus in 1876 the March report to
result of the depression in all manufacturing industries.
the Comptroller covered 2,076 banks with 504.1 million
Under the diminution in the demand for timber, and
dollars capital, while the report for September 1, 1879,
the reduction of the cut of logs, the October earnings of
gave only 2,045 banks with 455 million dollars capital.
the Flint & Pere Marquette for 1884 only reach $186,944But March 1, 1880, seems to mark the turning point, the
Thus $70,835 of the $96,639 gain compared with three
number of banks then being 2,046, or an increase of one,
years ago has been knocked off.
though the capital was still only 454 millions, or one mil¬
We might multiply instances of this kind, but enough
lion dollars less than in September, 1879.
To indicate the
has been said to show, we think, that apart altogether
yearly progress since 1880 we have prepared the following
from any special circumstances—those appertaining to
summary.
The detailed report for September 30,
the crops for instance, and the small movement of
1884, will be found this week on page 551, where the
corn—there is one general circumstance of depression
names of
the* States covered by each of the divisions is
which has extended all over the country, influencing
given.
local industries indeed, but only because they form
[ To the figures for c jiital in this table add 00,COO. 1
part of the general industrial fabric.
Dec. 31,'b0 Dec. 31. 81' Dec. 0,*>2 Dec.
’83 iSVpf.30,’84
It should be
said that the loss on the Flint & Fere Marquette extends
J 1 t
g !
Divisions.
to
5
s,
i|L'
passengers and freight' alike, the strongest possible
1 i!
O
G
s
s ! c !
evidence of an unsatisfactory state of business, for in this
$
$
1
*
1 $
*
550 lOO’O
500
55o 1(55*0
country where we travel so much, economy in that direc¬ (1) New England
100*2; t)V(> | 107*8, 508 107 0
tion is only practiced when forced by absolute necessity. (2) Eastern Middle
C01 1544
0131155'o 031 150*1 059 15S-3; 070 105 9
Out
of
a
loss of $186,455 for
the four weeks,
western
no
>,
I
:
1
#4.
-
|\n>q»un„v
|
c
,
Number.
|
231
!
..
1
The evidence here
as
afforded however is of
the
same
kind
that afforded
by the diminution in our bank exchanges
on another
page, where the falling off in the clearings as
compared with other years has for some time been one of
the most marked features of the period.
But what happened in October and what is happening
Dow is no sufficient
guide to what may happen during
coming months. So far as general business is concerned, the
tost
weeks cannot be taken
indicative of the future.
(3) Southern Middle..
90
210
94
21-5
Oil
22*21
104
*~b\
110
14(5
26-1
153
270
175
29-7
211
33*5
233
37-0
51o
0SJ
531'
71-2
539
795
593
*w!
HU
911
131
172
172
lHrb
oo;
23’)
307
31
b1
871
38 7
(.7) Pacific
14
3?
15
3'8
19
4-2
hi
4-9,
S9
5-3
(S) Other Western....
25
21
43
3’9
52
4*7j
59
50
(4) S
uthern
(O Western M ddle...
'>2,095
Total all
458*3
80
~
1
j
2-0
>,104400-2
2,30b 181-9
2,529 511*8: 2.004 524*3
l'f For the names of the States coveed by each of tho above divis¬
see Chronicle of this week, page 531.
ions
When
remember the industrial
depression which has
a
special cause, the election excitement, existed during the last three years and the special torpor
Whicli has had this year a peculiarly unfavorable effect on which has prevailed since the panic of last
May, the above
°ur
industries, the interest in the result being very figures are truly surprising. Even since the report of
absorbing. Merchants have everywhere delayed making March 7, 1884, the increase in number of banks has been
purchases or kept them within the narrowest limits, and 101 and in capital $8,500,000; or comparing the latest
Dtlividuals even have put off buying • wherever it was returns above with those for December 30, 1880, the numsix
There has been
as
we
[3
THE CHRONICLE.
636
,
capital
$65,800,000, or
during
all this time been prosperous, we should have expected
expansion ; but when industrial transactions are greatly
contracted, growth in banking facilities is not anticipated.
27 per cent, and-the
nearly 15 per cent. Had business
ber has increased 569, or over
in this
wholly
in the Western and Southern agricultural sections where
there were but few banks before.
That circumstance is,
we repeat, the most important of
all connected with this
growth, and one vdiich it becomes the legislator to keep
well in mind—namely, that it is not in cities where capital
usually accumulates, but throughout the country districts,
that these new* institutions have sprung up. This is obvious
however, which is of interest
connection is, that this expansion has been almost
chief fact,
The
even
from the above table,
for it is there seen that in the
England and Middle States there has scarcely been
any increase since 1880.
But the truth is brought out
more clearly by the following, which shows the number and
capital of banks in the chief Northern cities at the same
New
dates.
for capital in this
! To Ihe figures
Dec. 31,
’SO.;I Die. 31, 'SI.
,
table add 03,000. |
Dec. 30,
’82.i; Dec. 31, ’8J.: Sept. 30, ’84.
Cities.
.
.1
1
*
(1) Boston
54
$50*5
’a.
s
>7
i
!
53
|
5
*
O
<7
53
f 50*4
*50-4
5
l.
r
^
<7
|
i;
a
<7
>:
!!
|!
54
$50 "9
54
$50-9
49-9
44
40-3
(2) New York..
47
50-G
49
51-4
4S
50-4
'j
47
(2) Philadelp’a.
32
174
32
17-4
32
17-4
j!
33
17-8
33
18 1
17
11*7 1!
17
117
(3) Baltimore..
15
10*9
10
11*2
17
11-5
(5) Cincinnati..
7
5-1
10
60
12
6-3
(5) Chicago
(6) St. Louis..
Total
9
5
109
43
9
4 3
20
5
2-9
I1414
174
i
$14f2:
13
91
12
8 0
12
100
6
32
10
6-7
:j
11
100
5
2-9
I
!!
6
o.O
O -
1
■
!
177
$147-0
!
! 1
i
181
$152-0
178
$149 4
[Vou XXXIX.
capital. Before that date they w*ere
required to keep an amount equal to one-third of their
capital, and in no case less than thirty thousand dollars.
This section of the law of 1882 (as bonds had risen to
so high
a price that there was little profit on circulation)
together with the three per cent bonds authorized by the
same act (which gave the opportunity of securing a bond
at par for banking business) undoubtedly helped at that
time to remove the restriction on the growth of banking
capital ; that is to say, these provisions gave the opportun¬
ity and even promise of a fair return for such investments.
But with the rise in the market value of the three per
cents and subsequently the speedy redemption of them
all the advantage thus obtained was taken away and
nothing but the removal of the taxes on capital and
deposits has permitted, and is permitting, this rapid
growth now*-.
How long will it take our people to learn that undue
burdens on capital harm least of all the capitalist ?
If
legislation takes aw*ay the profit from any business in any
country or State the capitalist deserts it, readily finding
safe employment for his money elsewhere.
But make
capital free to go where it will, and it goes vdiere it is
most needed. Congress took off the tax from both the depos¬
its and capital of the banks, and our agricultural districts
wThich wrere suffering for want of these tools of commerce,
got them. If it will now modify or repeal the tax on
circulation the same sections will secure still more.
of one-fourth of their
RAILROAD
EARNINGS
FROM JANUARY 1
IN
OCTOBER,
AND
TO OCTOBER 31.
earnings continue on the downward course, and
the exhibit for the month of October is even more unfav¬
orable than its predecessors.
The decrease, as compared
with the corresponding period a year ago, reaches nearly
14 million dollars, and the roads reporting losses outnum¬
ber two to one those reporting gains.
In fact, the gains
are interspersed
very sparingly among numerous losses
national banks with $40,300,000 capital—a Joss in number
and where they do occur they are, with a few prominent
of three banks and in capital of $4,300,000.
(>r, taking all
these nine cities together, there have been, since December, exceptions, very trifling in amount.
As relieving to some extent the unfavorable character
1880, only nine additional national banks organized, with
of this exhibit, it may be said, as in September, that the
8 millions additional capital, while in the whole country
there have been, as already stated, an increase of 569 present falling off comes after heavy cumulative gains
(taking the roads as a whole) in previous years, October,
banks in number, and of $65,800,000 in capital.
like September, having till the present year made an unin¬
We emphasize this feature, because the late growth
which has been in progress has been secured under the terruptedly favorable showing ever since the upw*ard
movement in earnings began.
Thus, w’hile the loss this
adverse circumstance of business depression, and is a result
wholly of new* legislation, and legislation which a large year on the sixty-seven roads reporting was,as already stated,
14 million dollars, on 60 roads reporting in 1883 there
number of Western and Southern members of Congress
w*as a gain of nearly 2J million dollars—actually $2,850,opposed because, as they said, its object and tendency w*as
It seems to us, therefore, a 000. In other words, the present loss is only about half
to serve Wall Street interests.
foregoing tells us that there wrere on December 31,
1880, in Boston, 54 national banks, with 504 millions capi¬
tal, while on September 30, 1884, there were still 54
banks, and no more, vTith just $400,000 additional capital;
in New York, at the former date, there were 47 national
banks with $50,600,000 capital, and now there are only 44
The
Railroad
the gain of a year ago.
Taking the ratio of change, the
suitable time—just before Congress meets again—to
decrease this year is 6 per cent, after an increase of 11
bring forward the evidence that what these changes in the
banking law* did was simply to induce capital to go into percent in 1883, and in support of the statement that
the countrv districts of the South and of the West, where gains had been continuous in < >etober for several years
it was greatly needed.
Thus, at a time of singular indus¬ past w*e may say that the increase of 11 per cent in 1883
was on top of an increase of 16 per cent
in 1882, 11 per
trial inactivity, the country is being put into condition for
cent in 1881, 17 per cent in 1880, and 25 per cent in 1879'
the active work which is sure to come soon.
—the improvement being in part of course based on an
The new* legislation which w*e refer to as producing this
increase in mileage!
Still, whether the decrease now is
growth is mainly the Act of March. 1883. which repealed
the taxes on bank capital and deposits.
There w*as other large or small as compared writh previous gains, is perhaps
of little significance.
The main point is that earnings at
and previous legislation w*liich more especially aided the
movement during the earlier years, but which has also to present are far from satisfactory, and that in the extent of
the losses shown they - have grow*n w*orse rather than
some extent
been an influence all along.' We mean the
better.
The following is our usual table, presenting the
law of July 12, 1882. which provided that banks of
$150,000 or les3 capital need not thereafter keep on figures of each road, and giving also the mileage, accord¬
deposit with the Treasurer, United States bonds in excess ing to which it appears that the roads reporting this year
very
November
THE CHRONICLE.
15, 1864.]
operated 1,855 miles
of road than in 1883,
more
an
increase
of about 4 per cent.
GROSS EARNINGS AND MILEAGE IN OCTOBER.
Gross
•
Name
1384.
Canadian Pacific
Central Iowa
Central Pacific
.
183,394
751,000
154,03
Chesapeake & Ohio..
Eliz. Lex.& Big San.
$
t 259,86*
66,499
134,403
Ches. Ohio & So. W...
Chicago <& Altou
Chic. & Eastern Ill
Chic. Milw. & St. Paul.
Chicago & Northwest.
Chic. St. P.Minn. &O
Chic. & West Mich—
Cm. Ind. St. L. &Cii..
Cln. N.O. <fc Tex. Pac.
Alabama Gt. South.
N. O. & North East.
Vicksb.
Meridian
Vicksb. Sh. & Pac..
Cm. Wash. & Balt
Cleve. Akron & Col...
Deny. & Rio Grande.
Denv. & Rio Gr. West
Des Moines & Ft. D..
Detroit Lans’g & No
*Evansv. & T. Haute.
.
Flint & Pere Marq...
Fla. R’y&Nav. Co...
Ft. Worth & Denver..
fGrand Trunk of Can.
Gr. Bay Win. & St. P.
Gulf Col. & Santa Fe.
Ill. Cent. (Ill.&So. Di v.)
Do
(Iowa lines)..
Ind. Bloom. A West...
*Kan. C. Ft, S. & Gulf
Milvr. L. Sh. cfc West..
Milwaukee & North..
Mobile &Ohio
Norfolk <fe Western...
Shenaudoah Valley.
Northern Pacific
Ohio Central
Ohio Southern
Peoria Dec.&Evansv.
Rich. & Danville.....
Char. Col. & Aug—
Columbia & Gr’v...
Georgia Pacific
Virginia Midland...
....
West. No. Carolina.
Rochester & Pittsb...
St.L. A.&T.H.m.iine.
Do do (branches).
Sc. Louis Ft.S. & Wich.
St. Louis & San Fran..
St. Paul & Duluth
St. Paul Minn. & Mau.
South Carolina
;
■’"Texas Sl St. Louis
Tol.Aun A.& N. Mich.
Wisconsin Central
...
*
..
102,SO J
50,995
297,027
89,374
1,597,221
118,195
46,210
66,S 20
37,199
66,227
429.S34
96,205
86,247
157,351
146,2941
100,250
24,570
80,997
85,358
95,751
I
Total (G7 roads)
..
—
—
-920
-5 915
—210,995
—61,131
—9,72 i
+ 2,8.15
-43,06 4
-33,729
1,225
410
342
336
296
140
144
73
281
144
144
1,317
1,305
368
110
368
143
260
146
347
486
110
2,918
2,773
225
53 4
225
534
1,526
1,506
402
684
389
220
352
402
681
389
200
352
2,065
2,065
143
260
146
361
498
135
374
221
528
502
1< 0
32 >
18!
528
502
210
240
2,453
2 365
—21,997
212
128
254
774
21 2
—2,493
+ 31,142
—6,929’
—6.469
14,9 14
225
1,32 4
246
73*
102
411
246
735
102
IS,145,931
44,076
+ 3,562
+ 91,508
+ 11,0571
+ 13.253
+ 5,359;
10,393!
1.4 57.7
29 4
195
1,387
+ 13 2.99
—
363
294
313
353
206
294
195
128
254
774
337
29 4
288
353
LOG
138
160
740
208
+
—
398
847
251
4.612
3,735
5,517
—1,452
+ 11,772
+ 23,4*9
—8,571
19.2111
J
23.310,048 24,7^7.791
l
398
847
251
+ 6 4,148
—
—655
1,008.369
75,577
50,492
494,650
160,48 1
—2,712
—42,561
+ 1,402
-70,835
-10,039
—3,065
—186,455
16.989
—55,593
—159,647
—33,542
10,823
+ 6.245
+ 9,011
+ 593
42,501
176,167
4 4,00b
75,372
1 11,40*
82,046
35,518
361,654
162,919,
916,881
134,479
—
87,230
263,298
73,857
1,461,370
96,201
109.514
-9.82*
+ 19,278
19,044
-4.177
—125,961
-26,671
214,584
1,504,465
127,275
112,524
4 s, 100
256,271
90,753
98.019
65,990
167,596
41,513
+ 67,606
270,937
141,00j
213,207
429,179
—
189.296
169.780
44,891
257,779
89,523
43,665
1.663,592
46,112
263,436
1,183,463
210,812
63,14 t
•
336
296
196
141
170
281
127,219
46.293
186,944
147,246
86,370
208,669
1,293,470
Kentucky Central....
Long Island
Louisville & Nashv...
Marq. Hough. & On.
—22,330
-2,829
37,571
1,023,821
177,300
260,114
502
139
260,333
112.563
12,435
64,93 )
27,495
34.859
207,843
502
139
342
526,371
88,150
40,600
1,477,137
29,123
3,003
-9.001
49,068
652,332
114,821
79,484
500
2,803
249,507
674,36 4
142,134
•
1,931
500
413
1 15.021
126,099
240,:03
1,196
2,794
—16.035
2,531,128
2,793,992
44,*91
—
88
713
4,804
3,817
1,297
155,141
2.539,000
2,459,600
625,200
1883.
83
7a0
-13,851
-12,880
+ 10,120
+ 7,872
-331,392
49,164
901,619
109,734
80,041
55,113
46,773
170,252
—115.9 47
148,254
•888.73 t
237,503
10,700
—1,734
+ 132,000
+ 23,192
-344,091
+
192,178
619,000
130,841
2,496,091
375,*15
70,695
2,152.000
1881.
$
3$1,486
45,186
Mileage.
Increase or
Decrease.
1883.
$
Boat. Hoos.Tun.tfc W..
f Burl. Ced. Hap. «fc
Ni
*
Earnings.
of Road.
138
18 2
776
441
Only three weeks of Oct. in each year.
1 For four weeks ended Nov. 1.
1 Decrease due to caving in of a tuunel,
two weeks.
Next to
whole
generally unfavorable character of the
exhibit, the most conspicuous feature of the above
of one and the~ same tenor—some in fact
recording improvement on the very heavy totals of a year
ago (which was the distinguishing characteristic of these
roads at that time), while others return quite large losses.
Chief among the latter is the Chicago & Northwestern,
which has a decrease of no less than $334,392.
It is true
that the gain on this road last year was large, but it was
only about half the present loss, or $192,000. The total
now is $2,459,600,
against $2,793,992 in 1883, $2,601,445,
in 1882, $2,341,097 in 1881, and $2,105,217 in 1880, from
which it will be seen that while this year’s earnings are
smaller than in either of the two years preceding, they are
$118,000 larger than in 1881, and $354,000 larger than
in 1880, between which year and the present there has
been an increase of 1,100 miles in the mileage reporting.
On the St. Paul & Omaha
(an auxiliary system to that of
the Northwest), there is also a heavy decrease, but here
the loss
($49,164) is much
in 1883, and the total
smaller than the gain ($125,512)
earnings are larger than those of
any other October, last year excepted. In sharp contrast
to the exhibit
by these roads is that by the St. Paul, which
which has.not been the
case in other years, though it has
about 1,000 miles more of road.
This difference in results between these two leading
Northwestern systems
brings up again the question, why
may one do so -well while the other does so poorly?
The
answer must be
the same as that previously given.
In
the first place, the Northwest has a line into the Northern
peninsular of Michigan while the St. Paul has not. The
company's officials tell us, as heretofore stated, that not
only has the mineral traffic on this division undergone a
diminution in volume, but* it has had to be carried at
materially reduced rates. To this may be added the fur¬
ther explanation that the Northwest is much more largely
than the St. Paul dependent upon the movement of corn,
which this year has been greatly below that of last year.
It may be remarked, besides, that there is a possibility
that by the competition of some of its newer lines the
St. Paul is depriving the Northwest of some of the busi¬
ness
formerly possessed by it. The two roads certainly
occupy much the same territory, the extension of the St.
Paul to Omaha a couple of years ago having added to their
similarity of position.
As regards the movement of corn, this was smaller not
only on the roads to Chicago, but in other sections of the
country as well. The movement of wheat, however,
was
everywhere large, but nowhere so lai^e as in the
spring-wheat sections of the Northwest. The important
point is to determine which roads derived the most
advantage from this augmented wheat traffic, and did not
suffer a falling off in corn.
AYe have already remarked
that to the Northwest the
must have been
the St. Paul.
in wheat
a
much
contraction
more
There is also
inured
more
in the latter cereal
serious circumstance than to
to believe that the
gain
largely to the benefit of the St.
Paul than to the Northwest,
reason
since the St. Paul has
so
much
mileage in the wheat belt. The roads lying north
system, however, were even better situated
this respect.
There is scarcely any corn in that district,
of the St. Paul
in
and
the increase
Northwest, which do not at all marked indeed.
make reports
•
loss, but on the contrary has a small gain
—$7,872. Yet this company did not have light earnings
in 1883, but decidedly the reverse; indeed, its gains
have
been nothing less than -wonderful.
The increase in 1883
was $280,153, which was in addition to $659,922 in 1882,
and $97,432 in 1881, so that the present total of $2,539,000
compares with only $1,493,621 in 1880, and the St. Paul
consequently has larger earnings than the Northwest
a
more
Interrupting traffic nearly
the
relates to the roads of the
does not show
537
the
in
movement of
The increase is of
wheat
course
was
very
reflected in the
augmented receipts of the cereal at Chicago, but a still
movement is found in the receipts
at
Duluth,
which
foot
up 3,794,938
bushels for
better criterion of the
the
five
weeks
ended
November
1
this
year,
against only 2,280,954 bushels in the correspond¬
ing five weeks of 1883.
The importance that Duluth
has latterly assumed as a market for wheat is strikingly
brought out in the fact that its total in this period has
been exceeded by only two other points, namely Chicago
and Toledo, the latter, as all know, receiving only winter
wheat.
In
other way
than through the heavy movement of
spring wheat (as reflected in the receipts at Chicago and
Duluth) can we account for the favorable reports of earn¬
ings by the roads in that section of the country. Thus
the St. Paul & Duluth after a gain of $17,000 in 1883
further gain of $3,500, notwithstanding the
now has
a
prevailing depression in business, and its total for the month
is the largest in its history.
For the same reason the St.
Paul Minneapolis & Manitoba, which heretofore has suf¬
fered large losses of earnings, now Pas a gain of $91,508,
no
CHRONICLE,
THE
638
and like the St. Paul & Duluth has a total
larger than
ever
The Northern Pacific, which has a considerable
before.
|[Vol. XXXIX
which is
not
particularly noteworthy since these roads were
distinguished for any important gains in 1883. The
mileage in Dakota and Minnesota, reports a gain of $61,- Chicago & Eastern Illinois, the Evansville & Terre Haute
.148, in addition to $568,000 in 1883. The company oper¬ and the Peoria Decatur & Evansville are about the only
ones that have any increase, while such roads as the Alton
ates only 88 miles more of road than it did a year ago.
The Canadian Pacific reports an increase of $132,000, or & Terre Haute, the C. I. St. L. & Chic., the Cincinnati
over 20 per cent, but this is on mileage 863 miles greater
Washington & Baltimore, the Indiana Bloomington &
than in 1883.
The Central Iowa has added $23,192 Western, the Ohio Central, and the Cleveland Akron &
to its gam of $22,377 a year ago.
The grain and flour Columbus, which should all have received more or less
movement at each leading Western port, for October and gain from the increased movement of wheat, report losses
in earnings, some of them, too, after a falling off in the
the year to date in both 1884 and 1S83, is subjoined.
RECEIPTS FOR FIVE WEEKS ENDED NOVEMBER 1 AND SINCE .TAN. 1.
previous year. On these the grain movement could not
overcome the effects of the-many adverse influences arising
1 Barley,
Bye,
Wheat,
Corn,
Oats,
Flour,
(bush.)
(bush.) J (bush.)
(bush.)
1
(bush.)
(bbls.)
out of the stagnation and depression in trade.
1
^
Chicago—
i
The roads running through Kansas—like the St. Louis
563,341
5.418,440 5,085.412 1 1,297.868
wks.. (>ct.. 1884
EDI.28!
5,048,801
808,586
7,668,8.0 4,666,917 i 1,903,372
3.113,302 i
3i)C,325
5«ks„ Oct.. 1883
& San Francisco and the Fort Sco-t & Wichita—again
Since Jan. 1, 18-4 2.129.065 17,r-45,7< 0 50,030.856 34, 01,850 4,-.'lO.lSS 2,-39.639
Since Jan. 1, 1883 2,551,8 9 J 13,703,102 64,826,000 30,381,018 5,521,435 4,384,938
make very satisfactory gains, favored by the excellent
Milwaukee—
23,130
159.405 1,038,260
51,310
357,800
5 wks., Oct., 1884
1,500,745
5 >.133
306,003 1.434,952
102.840
524.81 >4
875.070
5 wks.. Oct
1883
crops in that State ; but these and the Northwestern roads
276,318
656.700 2,4 40.3 46 '3,6-0,191
7,688,004
Since Jan. 1, 1884 2.0 3.730
55o,lt4
2,060,742 2,425,334 4,570,-88
5,075,475
blnce Jau. 1, 1SSJ 2,714,105
already pointed out, form about the only exceptions to the
St. Louis—
131,454
820.833
797,806
470,735
103,212
1,787,8“ 0
5wk>„ Oct., 1884
general rule of decrease extending all through the list.
94.495
653.0 »0
542,520
836,610
10 2,410
1,251.714
1) wk^., < ’Ct., 1883
468,4 29
Since Jan. 1, 1884 1.101,140 11,95,052 14,600.440 5,957,0-4) 1,817,3')0
Michigan roads are very heavy sufferers, the loss in lumber
333,008
Since Jan. 1, 1883 1,308,384 11,784,835 16,605.408 5,413.280 1,774 271
Toledo—
and in ore traffic combining to make results very poor.
75,247
15,211
51.182
111,706
10.1 W
4 100.017
ct.. 18.8J
25w£-„
50,U)1
5,990
377.739
179.914
2.207,843
15.800
Owk*., Oct., 18-33
The Toledo Ann Arbor & Michigan is the only one among
6.213.993
177,209
54n,559
05,237
74.140; 13.930,420
Since Jan. 1, 18-4
,
Since Jan. 1, 1883
00,180
11,332,086
6,058,617
180,790
41,3.4
24'), 438
Detroit—
5 wks., Oct., 1884
3 wkc, Oct., 1883
Since Jan. 1, 1884
Since Jan. 1,1883
10,005
in,829
103,240
147,537
2.281,382
1.0)0,613
6.0 0,643
48,328
214,917
1,396,260
1,320,507
144.656
81,6’3
77,301
4 3,805
005,736
867
483
5,77j,723
2-0,381
959,338
1,223,591
Cleveland—
1884
18-3
Since Jan. 1,1881
Since Jan. 1, 18?3
43 WK8., Oct.,
5wks., < >ct ,
1,004.23!
39.175
15,7.80
640.368
1,008 156
57,383
8,239
217,4-9
1,030,140
052,351
885,313
122,043
52.090
577,390
1,768,825
44,5'»0
401,135
855 430
1.450,S5.r
7 0'■'3,000 11,692,"63
255,327
7,04 ’,930
9->,400
143,600
438,400
610,800
18.570
13,< 02
410,600
I v 5,37*
100,805
4.-33
0.035
41,7)7
50.281
110,1 l.s
169.500
38,880
since .Tan. 1. 1884:
Since Jan. 1, 1883
Duluth—
5 wk*.. Oct..
107.010
142.000
614,790
1883
Since Jan. 1, 1*84
Since Jan.l, 1883
H'Tk'i.. ()<•-.,
405,000
1884
1,273.70 >.
13-3
1882
Since Jan. 1, 18-4
Since Jan. 1, 1883
Since Jan. 1, 1882
1,241,204
1.3LO, >44
7,583 822
7,482,3 47
6,82 -.5 .8
500
2,198
3,100
0,088
15,46 «
7,782.655
4,731,400
858
38,Yds
179,643
1.57 <
873,305
*
3,386,541
4,1 15,671
3,355,741
81,371,565 56 90S,9i - 10,842,665
99,953.408 51.206,393 13,146.497'
65,700,304 49.450,3 3 9,038,2 Ut
6.726,08-4
10,087.701
4,905.787
10.1 12,361
10.9 54,104
13.163,6.52
08,240.41 V
53.579,17.
02,827.0:0
8.234,412
7,577.950
5.372,397
has thus been
861.049
1,189.000
748.70.)
4,492,655
0,398,00j
2,7 U3,04 J
nearly twice
port shows a large and
On the other hand, in corn there has
October, 1883, and
increase.
61.510
132.950
635.8 5
25,509
2.2 0,0.5 4
movement of wheat
decided
9,895,600
3,794,038
Total of all5 wks., Oct.,
5 wks., Oct..,
5 wks., Oct.,
that of
•
every
nearly every point. The augmentation in
wheat is largest at Duluth and Chicago, as already pointed
out. In the case of Duluth the increase is of course entirely
m
spring wheat, and in the case of Chicago there is
reason to believe
it is largely in the same kind of wheat,
and only partly in winter wheat.
The distinction it is
important to bear in mind, for a different class of roads is
affected.
We find that while during the 31 days of Octo¬
ber 8,113 cars of spring wheat were inspected at that point
against 5,575 cars in 1883, and 4.265 cars in 1882, of
winter wheat only 1,584 cars were inspected, against
1,169 cars in 1883, and 3,075 cars in 1882.
In spring
wheat the increase was so pronounced as to overcome any
loss of traffic on account of business depression ; in winter
wheat the increase was really insignificant (referring now
only to Chicago). Hence the roads running south and
southwest from Chicago report diminished earnings as a
rule, among them the Chicago & Alton and the Illinois
Central, the hitter having suffered a very heavy contrac¬
tion on its main line, though there is reason.to believe that
the Southern. or New Orleans end is in part responsible
for this, since the road delivered only 51,131 bales of cot.
ton at New Orleans during the month, against 79,745
been
loss
a
likewise sustain
the Grand
a
Trunk
Wisconsin roads
in 1883.
pretty general decrease.
we
have
more
The loss on
particularly alluded to in
In amount of decrease the Central Pa-
another article.
all others in tbe table, having
cific leads
lost $344,091,
nearly 14 per cent, but this L on 200 miles less of road.
gain a year ago was only $71,562.
As regards Southern roads, these all had large gain3 in
1883, and now have equally large losses. In some sp cial
cases, the decrease is because of a diminished movement of
cotton, but the more general cause is bu iaess depression
or
Peoria—
13 wks., Oct., 1884
6 wks.. Oct.. 1883
The
2,125
3,804
better than
that does
them
The
The Louisville & Nashville loses
$210,995, or 14 per cent,
and the Gulf Colorado & Santa Ee $55,593, or 21 per
The influence of the cotton-movement is indicated
cent.
in the
following table of the receipts at the outports.
RECEIPTS
COTTON AT SOUTHERN PORTS IN OCTOBER,
1 TO OCTOBER 3 1, I8s4. Is83 AND lSbiL
OF
AND FROM
JAN.
October.
at
Since January 1.
Ports.
1884.
bales.
Galveston
Indianol >, &c
New Orleans
Mobile
Florida
753,707
5',905 72,83..
5,605
1,0 4
184,101 187,593
1,606
1. 91
128,526 121, H2
1,76>
2,810
31,235 26,766
1,9 3
2, t03
129,439 143,245
113,9-6
3.7l2
750
29.922
Morehead City. &c
1,857
121,107
...
.
West Point,
09,637
&c
1
Total
1,156.303
108,943
15,008
520,459
3.031
2-5,750 190.47)
119,795
Norfolk
1882.
350,031
285,714
45,524
10,660
Charleston
Royal, &c
1883
589.411
11,0.14
133,296
3,704
206.794
Port
1884.
3 <9,935
8 307
Savannah
Brim.-wick, &c
Wilmington
1882.
1833.
148.836 112,27 1
,<i7-\53
2,335
48,095
31,710
421,200
0,172
312,277
8,774
2,510
359,027
11,921
574,025
107,217
10,019
452,934
3,609
288,974
19,207
12.450
56,028
4,347
77,201
67,593
13,5.38
297,573
455.331
mg'Ou
370,419
525.179
2.43.5,428
45,671
132,4-9
1.930.097 >•52.78 \
2 t8 > •> >8
11.859
3
112,353
The movement at New Orleans is
deserving of explana
tion.
Though the total in the two years does not differ
much, the sources of receipts have been greatly changed.
The New Orleans & Northeastern and Mississippi Valley,
contributed nothing
which
in
1S83, have this vear con-
32,491 bales and 7,638 halos, respectively; the
Texas N Pacific contributed 65,059 bales, against only
tributed
bales, against 79,745
bales; the Morgan road 28,943 bales, against 49,127; and
tlie Mississippi, Bed and Ouachita rivers 103,152 bales*
27,009; the Illinois Central 51,151
against 12*9,869 bales;
In view of the unfavorable character of the exhibits
of
earnings for several months past, it is not surprising that
Toledo, St. Louis, Detroit and Cleveland (winter the table below covering the first 10 months of the year
itales in 1S85.
But
wheat
markets) all show
vet the
the
very
heavy gains in receipts, and
roads in the States of
Illinois, Ohio and Indiana—
great winter-wheat belt tributary to the points men¬
tioned—nearlv all have smaller earnings than a vear ago,
O
v
C?
j
/
does
not
numerous,
creases.
The losses are
large, in amount, and only partially offset by in¬
present a flattering showing.
Indeed, the roads having gains of any
comprise simply the Northern Pacific, the
consequence
Rochester &
November
THE CHRONICLE.
15, 1884.]
Pittsburg, and the roads in Kan as. On the other hand,
the roads showing conspicuous decreases cover all classes
of properties and embrace every section of the country.
Following are the details.
Name of Road.
Boston Iloosao T. A W..
*Burl. Cedar Rap. it No.
Canadian Pacific
Central Fowa
Central Pacilio
Increase.
Decrease.
$
*
*
$
373.38!
283,322
2.135,857
4,7-0,9'iO
2,161,903
Chicago Milw. A St. Paul
Chicago A Northwest
Chic.St.P.Miun.A Omaha
Chicago A West Mich
8 1.* 17i
34 -,(> 17
387,-30
1 80,9 S3
1,158,530
.Vickslmrg Sh. it Pno..
Cin. Wash, A Baltimore.
Clove. Akron A Col.
tDenver A Rio Grande..
...
Ft.Dodge.
Detroit Lansing it No...
275,848
2 TO.101
03 813
10,359
30,821
83,083
150.818
4 no 16
14.3 17,42*
1,713.371
326,064
58.791
230.597
G61 394
Marq. Houghton A Ont...
77«>,<) 0
916,291
879.192
37.102
394,870
33,019
Ill. Cent.(III. line & So.D)
Do
(la. leased lines;
Indiana Bloom. A West..
*Kan.
City Ft. S. A Gulf.
Kentucky Cent:al
Long Island
Milw. L.Shore A West’ll.
428,1 >39!
1,018.9(0
Milwaukee A Northern.
Mobile A Ohio
|
i
Norfolk A Western
Shenandoah Valley
!
Northern Pacific
Ohio Central
2.19L<U.'
6 <1.378!
...
10,738.556
Ohio Southern
Peoria Dec. A Evansville
Richmond A Danville...
Char. Col. A Augusta.
Col. A Greenville
1,691,892
m
rn'm
_
906,868
15.084
376,553
296,227
80,320
639,039
596.613
43,02t
3,135,738
3,146,808
1,351.770
1,420,793
3
362.65 -
955,5 8
1,101,802
1.216.299
61 *.826
401.113
2<»8,19!»
196,211
33 8 1.7 12
78 4.185
.
2,121
498,976
3.SOS.92
1,057,4*5
1,098.385
1
6,570,839
193, 103
0.8 19.600
1,0 3,2 sw
160,983
3i,429
1,120,250
1,125,704
492
Total (64 roads)
.
.-
114,897
2*1,038
358,57 1
20,8,022
270.010
115.115
128.514
291.970
250.7o7
1,230.500
1,194.714
0 ’0.707
734,493
50{i,.*53
that
The following embraces all roads
be obtained.
d.
Jan. 1 to
Xet
Expenses. Earnings.
Atcli. Topeka & Santa Fe 18.-4
1883
Bun. Cedar Map. & North.—
18S4
13-3
Chesapeake & Ohio—
I
In-4
IK-3
I
Elizab. Lex. & Big Sandy—
18.-4
It83
nd
Clies. Ohio & South West.—
1884
1883
PS*
£
ot
I
I
I
pat
bar
U
\Uperatin<j\
Earning*.1
Gross
rA
I
Chicago Burl & Quincy—
18-4
1883
Ccnnotton Valley—
1384
13*3
Bex Moines 61 Ft. Ho .ge—
1334..
18*3..
J£n»t Tenn. Va. & Ge"rgia—
i38i
183 a
'
in-
701.515
£02.034
I
154.080'
100,51.8
100,300
09,0‘3
70,00*
289.82 ’
382,242
210,721
400.221
502.522
544 519
153,3'JO
1
3'i.291
76,5)31!
40.5158!
4 1.097
85.247
S7.0111
18'J,U37
|
2.707.110
2,909 105
’
5
1
1
30,837
32,00.1
43,920
j
1,121.780! 1.5-5.324
1.329.0131 1,579,552
j
2' ,25>!l:
22,5311
10.2011
41.8.3’!
2’.201
20.081)
40,102
t
1
21.003!
9,' S3 134
811,275
2’879^S7
977,451
557.2 11
532.32 7
183.0' 5*
100,357
Or 0.4 2!)
197.724
9Ki.CS
191,232
18.505.8 5
8.710,108
18,034,197
9,012,050
19,039
25 <.073
23S 530
75.799
1,001,921
1.157,082
01,998
I
300,31l!
210,10'
159.201
2.824.350
054 4
18<» 452;
204 93 >
2.5*01.07'
:■!
479,045
5 7 521
98,071
612,090
131,012
1,085 009
1,552,137
1.529.982
1,785,151
9.277. ISM
8,83! .3’ 1
1,830,462
0.9,022
*
!
1
2.504.893
2,973.30?
73,451
111,521 i
4.034 958
£52,205
380,271
1-1,530
218.878
!
!
170.735)
187,390:
2,001,706
3.012,430
1
2,870 451
1.551 023
3 333,217
1,5*4,535
1,324,828 19.053.434
1,748,'8.' 20,810,204
107,074
1,111,005
8.220,049
9,734,429
12.010.951 ‘<lf. 100.7 20
12,338,d£3
373 091
1
41,842
49,239
09 318
1,024.141
•
df.22.0*0
94,472
1,597,283
1,70<J,7c2
5(5.190
928,228
1.887 395! 30.!K‘9 099 13.542.20 )
1,922,3- 5 37,893 907 14,076,547
1
27,47i
57,835
010,917
830.465
!
214,705
427,533
!
2,499,271
2,881,040
1,105,295
1,439,009
98.592
104,708
40,904
45,471
1,333,970 18,370,503 7,832.839
1,441,971 i 20,819.800 10,150,420
'
51,028! |
59,297
81.47
80.057
131.4* 0
110.932
]
750.212
857,872
331,801
440,452
1,0 <(».8’2
9s2,’ 24
437.082
395.809
!
49.9-0
24,275'
i
Jan. 1 to
August.
*
$
1883
1,403.335
1,348,031
710.004
918.912
150 51 1
70,033
05,Uo5
79, *81
9-.120
158,001
241.117
145,917
240,517
14 .',£53
215 4i 8
152.90 s
142,045
175,490
«
*
2.113,339
2.207,543
18s 4
18*3
N. V. Ontario A Western—
1884
1.-83
14,385.503
15.8-18.o84
402,510
3:<! toll i
1
80 479
152,008
,0,045
55,949
1
|
Southern Div.—
1
200,540
301,085
18-4
18-3
'8,381
200.55 )
72.129
74,01*0
141.59 i
192,510
59.805
75,74 1
1
41.09!
1
00,554
20.11 >
.31.813
1
7G0.SS7
310 052
t.02,301
3)8,222
2.050.793
731,5*7
2,430,640
1,057,921
81.7-0
110,700
1,0*0,031
580,150
930,600
",577
34.711
384,331
400,7.-8
1
•
.-.
1.8*4
18S3
*
480,291
651,094
1
98.102
101.131
—
.—
New Mexico Division—
*
2.102,941
2,360,372
1
i
1883
58!. 367
::::::::
i
|
*
Southern Pacific (No.Div.)—
Arizona Hivisio
18S4
507,781
Jan. 1 to July 31.
1884
IS 3
1881
188 5
f
3,916.007
5,591,105
j 1,- 00,901
1.543,241
08,200
103,904! j 1,594,772
*
$
Aug. 31.
973.711
i
July.
Clev. Col. Cin. A Ir.diunap.—
•
*
1,47C,* (*5
1
Embracing operations of Central of New Jersey after
that In either year.
+ Out of this $13,934 was i a d as rental to West Shore.
175,918
',074
25
June 1 of both years
REVIEW OF
CO'S ANNUAL
THE
COTTON TRADE FOR THE SEASON 1885-84.
[CONDUCTED BY THOMAS ELLISON.]
past season compared unfavorably with its immediate
predecessors. There had been a heavy accumulation of cotton
and cotton products, supply had overtaken demand, and con¬
sumers everywhere had largely -anticipated their requirements^
The
apprehended twelve months ago that something of the
place ; and in many quarters in tli s country,
on the Continent, and in the United States, there were more or
less serious misgivings as to the probable course of trade during
It
was
kind had taken
the
7.375!
32,782
20.174
807,813
890,398
u
!
18M
.
1,952.4 03
,5)09,7 25
i
117.5UO
1,930,744
30 *15
2.5*1.470
2.712.033
Jersey —
*
J
212,108,
!
Earning
0,101,993
111.502
70,25 •
511,921
35,700
20.30
1,801,194
ELLISON &
5,451,200
011'
191
2.450,148
2,735,H5'
780,659
x\ Ct
11,519,£93
tOd,949
107,074
87.42.8
803. lorn
Jj0,4 i 4 j
$
Sent. 30.
611.501, 11.852,819
172,925);
.
ij Earnings■
Grout
*
!
$
$
i.r>i 3.0 in:
1,302,933
1
261,1001
768.201
but not prior to
September.
to
19',40t|
j
Cin. Ind. St. Louis A Chic.—
the necessities of the situation will soon force
Name.
1,701,432
1,711,915
32,905
33,0*0
2*5.317
IK-4
1883
earnings are of the same general character as here¬
is, they are unsatisfactory, with a few con¬
spicuous exceptions of roads that have managed to offset
a loss in earnings by a reduction in expenses.
On roads of
the latter class the policy of retrenchment and economy has
already gone into effect and is bearing fruit ; on other
can
203,152
1,977,535
Coal jj lion—
(Vicago & East. Ill nols—
.......
GROSS AND NET EARNINGS TO LATEST DATES.
■iy
15 (.895
158,057
Net
from which returns
I
73,010
115,014 I
i
105,010
3 P30O39
policy into practice.
he
3;4,202
!
95.(589,
91.850
243 5.7
4,458.871
Central Puciflc—
Includes three weeks only
roads
I
|
29.5901 t 1,405,753
<52,213 f 1,110,096
♦
!
40.900
27 S.767
tofore—that
I
5,394,241
855,037
105.913
Name.
)11-
11,00 \011
082,009
i
476.811
543.72?
.
jy,
4,008.181
i
570774.'
131,079
123,0-9
N A IU K.
of OPob *r in each year,
t Not including Utah lines after July 1 in either year.
-
3,050.377
0,085,465
477.081
53.040
1 — 3..
189.0-0,931 193,010.970 0,348.027 10.281,060
Net decrease
*
9 879,02S
607.085
703,437
04.572
683.396!
1
90-',26
114*4*37
106,135
48.509
18.84
.
127. ill
413,404
!
91,7 0
1884
1883
West
205,042
320.251
81,474
Utah Central—
50,537
450,592
8
,
18*4
IS80
11 070
West. Nor. Carolina...
32,790
197,799
1-84
61.089
8 '>,406
08,933
Rochester A Pittsburg
Sc.L.A.AT.H.main line..
Do
do (branches).
St. L. Ft. Scott A Wicli..
St. Louis A 9. Francisco.
St. Paul A Duluth
8t. Paul Minn. A Man...
South Carolina
Tol.Aun Arb. A N. Mich.
Wisconsin Central*
62,909
287,201
18*3
Union Pacitic—
002,169
40,1541
210.5*0
Texas & New Orleans—
068.9 i*
17,180
$
53.737
1
1884
1883
77,086
922,5. >2
j
10,501
9,428
15,702
3!*, 113
100,609
1-5,902
Philadelphia A lteudine*—
.
4,405
1
Pinntdeiphia & Erie—
8,016,844 2,721,712
607, * 7 /
516.763
Virginia Midland
m
^
1
45.202
burg A Erie)—
708.464
15 792
X
-
....
18-4
1883
Phi la. & Head
18-4
1883
215.235
13 999
*
18.-4
1883
77.407
80.520
*
077,154
619,8.9
42,390
41,8.0
A)
l27,447i
19.2M
1.334,179
is-4
417,432
48,790
097,043
839,041
45,892
1.145.300
1883
Oregon lmprovem’t Co.—
18-4
1883
Penn, (all lines eastoi i’itts-
46.3?.'
923,912
2.528,277
2,850,' 81
A*
1(6.122
Oregon & California—
56,355
:7:f43l! 2,562.007
222.028
228,552
Northern Pacilie—
362.704
447 938
35.053
1.537.040
18-3
208.077
260.78s
1.096,367
2,274,602
$
,801
91,151
1st 4
1883
10.030.797
Louisville A Nashville..
Gulf Col. A Santa Fe..
27,214
Northern Centra.—
1884
45,150
83,566
8,69*,451
1,601,12
2,488,7 18
1.534.179
707,! 09
2,366.743
11,589.9 >0
819,77<
Bay Win.A St. I\.
202.4t6
197,906
312,246
26,290
18t3
21.475
*
1,985 039
I
50,395
.
768,211
14,761
267,973
1.461,295
8,237.0 V7
1,390.348
2,22 7.900
1,896,89
7 03..,24
2,113.116
11,172.498
Green
13,858
........
591.8-1
2,118,623
740,831
355,999
N. Y. & New England—
1884
1883
Norfolk & Western—
1881
1883
Sneiiandoah Vailey—
18-4
207,022
1,3 17,070
13.2:)"
18;-3
Chic go A Gr. Trunk—
18-4
18-3..
Nasnv. Cliatt. & St. Louis—
1884
1H-3
59,435
4
290,80
1,13 MHO
213,888
1883
Mobi e A Ohio—
1,473,479
1,009,378
1,920,717
786,' 37
39",9 12
...
•
-
115 500!
X
323.450
*
*
$
X
18S4
18*4
177.241
18,872
5,77.5,853
—
Florida R’y & Nav. Go..
Ft. Worth & Denver
Grand Tr. of Canada
83 4H
40 ;,256
5.9o7,G ! 2
6
*Evau3V. & T. llauto
Flint it Perc Marquette,
32,203
81.625
401.083
97,900
$
2(5K231
£87,319
Louisiana Western—
1884
1S83
Louisville it Nushvi le—
1884
1833
Missouri Cue. ut Iron Alt.)—
31,400
873.996
6
Earnings..
18*3
19,121.24 1
2,030.3 22
2,137.442
Cin. Ind. St. L. A Cine...
Cin. NewOrl.& Tex Pae.
Alabama Gt. Southern
New Orleans A No. E.
Vicksburg & Meridian*
Xet
Ea mings.
9
20,218
■
Gross
Earnings
1883
Det. Gr. Haven & Milw.—
1884
1.883....
Kent cky Ci-ntrai—
1,905.C20
311,600
29,8 :*4,905
4,501.429
1.317,8 5
2,094.165
2,127.08.3
19.421,486
4,777.277
1.207,370
...
Xet
expenses.
1S84
20,010
003,522
1,003,4 >2
7.260,20 <
1,366.019
623.740
Operating
1884
1883
90,059
3.2 5.102
1,091,-3
7,228.001
1,283.165
IS, 941.00*'
Clies. Ohio it S. \V
Chicago A Alton
Cliic. A Eastern Illinois.
Gross
Galveston liar. & San. An
310 958
110 530
4,461.002
1,045,622
20.771,323
1. i 86.1 5.
Chesapeake A Ohio
Eliz. Lex.A BigSandy.
Des Moines A
18S3.
HO.
Jan. 1 to Sept.
Earnings.
Grand Trunk of Canada—
18SF.
18,805.50 *
2,0 43.302
Sect ember.
Name.
L TO OJTHJISU 31
FROM JANUARY
EARNINGS
1
GROSS
539
new season ;
but the fact that the markets had been tem¬
porarily overstocked did not become very palpable until the
then the disappearance of profits has
manufacturers to reduce the out-turn
of their spindles and looms.
In the United States this unsatclose of last year.
Since
forced botli spinners and
-
rrth
Vir-lUV*'*"
-
CHRONICLE.
THE
540
isfactory state of things has been intensified by
the financial
which for months past has injuriously affected every
In England the business has suffered
from the combined action of over-production at home and
diminished power of consumption abroad. The serious fall in
the prices of all kinds of foreign and colonial produce has
materially curtailed the purchasing power of our largest cus¬
tomers, while the movements of the markets have been further
retarded by the political disturbances in China and Egypt, and
by the outbreak of cholera in Southern Europe. On the Conti¬
nent trade has been depressed, not only by general over-pro¬
duction, but also by various local adverse influences, financial
stringency in Russia, the fall in the value of agricultural prod¬
uce in Germany and Austria, the appearance of the cholera
A mcric'n
pressure
department of industry.
in France and
Italy.
The result has been
check to the annual increase in the
a
Great Bril'11.
1833-84
1882-*3
1881-82
1880-81
1879-80
rvoL. xxxix.
East
Bra¬
zil.
In¬
dian.
376
434
415
239
270
2,376
2,550
2,440
2,511
2,294
Egypt.
338
205
279
159
1L9
253
20 0
263
247
273
Sun¬
Total.
dries.
Aver¬
age
w'ghi
3,38ft
37
42
45
62
3,420 442
3,439
3.201
3,018
1,452,323.000
1,511,521.000
1,478,997,000
1,423,083,000
1,340,001,000
429
40
Total weighty
Pou h ds.
430
446
444
.
Continent.
1883-34
1832-33
1881-82
1880-81
1879-80
1879-0
72
93
1,506 1,166
1,865 1,327
1,468 1,112
850
1,709
919
1,421
All Europe.
1883-84
1882-83
1881-82
1880-81
1879-80
111
76
43
3,882 1,542
410
4,415 1,761
293
393
235
162
3,908 1,527
4,220 1,089
3,715 1.189
145
10 4
18 8
164
174
88
58
78
84
61
403
304
451
411
4 47
126
95
121
129
123
2,975
3,447
2,960
2,883
2,618
421
423
418
428
423
1,252,676,COO
1,459,119,000
1,237,063,000
1,233,752,000
1,107,371,000
6,363 442-6 2,701,996,000
6,873 432-6 2,973,640,000
6,399 424-4 2,716,060,000
6,034 437-7 2,661.835,000
5,636 434-2 2.447.372.000
The average weekly deliveries in bales were as follows:
consumption of cotton which had been going on everywhere
1
Grand
Continent.
Great Britain.
Instead of the further progress which was cal¬
since 1878-79.
Total.
culated upon at the opening of the season, there has been
E. I. ‘ Olhrs Total.
Others* Total. Amcr,
Awer.J E. I.
almost everywhere a falling back. Iii Great Britain the reduc¬
’83-84.*45,691 7,232 12,22 5!65,148 28,970 22,417 5,833 57,220 122,368
tion in the quantity of cotton spun luis amounted to about 2 ’82-83.*49,034 8,340 8,520 65,891 35,873 25,521 1,895 66,289 132,183
’81-82.146,927 7,980 11,237 66,141 28,238 21,386 7,297 56,921 123.065
par cent, against an increase of nearly 3 per cent in the pre¬ ’80-81. ;43,290 4,597 8,639 61,576 32.862 16,3 47 6,225 55,431 117,010
vious season.
In the United States the reduction is about 4 ’79-80.144,104*5,200 8.734 53,038 27,339 J 7.669 5,336 50,344 108,382
The average weights for this season are as follows: Ameri¬
per cent, against an increase of nearly 5 per cent. On the Con¬
tinent, against an increase of over
per cent in the pre¬ can, 452 lbs.; Brazil, 170 lbs.; Egyptian, 656 lbs.; Smyrna, 350
vious season, there is a small decrease in some districts which lbs.; West Indies, &c., 171 lbs.; East Indian, 383 lbs. for
is about counterbalanced by a small increase in other districts. Great Britain and 377 lbs. for the Continent.
The diminished consumption of the raw material has been
CONSUMPTION OF GREAT BRITAIN.
more than offset by the serious reduction in the yield of the
The following is a comparative statement of the actual
American crop; and the season closes with a materially reduced
deliveries, estimated consumption and surplus stocks at the
visible supply, and a still more important shrinkage in the mills for the
past ten seasons, in bales of the uniform weight
stocks at the mil’s, which is only partially counterbalanced by of 400 lbs. each:
increased stocks of goods.
The recent fall in prices causes
Consumption.
Slock
Uloc/:
people to take a hopeful view of the future, especially as sup¬
Deliveries
Sllpplg. Sept. 30.;
Total. " CrTwic
Let. 1.
(
plies are not likely to be over liberal, while the hindrances to
2,907,000 95,00< , 3,092.000 21,000 3,071.COO 59,057
consumption, referred to above, may shortly be removed.
13,175,000 21,00 ! l, 190,00C- 21,000 3,175,000 61.057
COURSE OF PRICES
#
-X-
vr
1883-4.
vc
vc
-X*
vc
vr
following statement shows the principal fluctuations in
prices of the leading descriptions of cotton during the
The
the
season:
“Sr
d
2
1883.
nam.
Fair.
jV
V.
513lt
Oct. 1
“
1
■5-
,
d
*
-
^
■
d
6*8
31 6
Nv.l4i57s
“
30
Dec21
29
1881.
Jan 12
Feb 13
27
“
6
5 a4
57e
6
•5^
578
d
d
5
d
c
n
-
^
~
=»-.
c
0
~
d
S
d
k;
7a8]4ai6
1834.
7^4*4 5»16'344
?!v!4ai6:5£>ie 31^16
6*8
71o
Apl.16 6I4 " 6I4
“
6 >4
30 618
6 :tri
June 9 6
“
23 6 ]4
p
$
£
§
3 Sr
3»3lr,
313, f
65,e 73d 4916 =‘>5,1C 313,6
6" 16 738 lyl6|59lrt 313,6
6;{h 7=18 4'16 5716 334
My. 2 4
6=18
July 2 65ie
“ 301614
5loifii71e,la4 i3ia16
Aiiff23!6
!
!
•
6xs
714 4;58 ; :>~1. ! 3 3)3
Sept. 1 63 ie
6
73g47H.|5Vj j311 xc- | “ 30 53.1
6
7j4 4:!b o1^ 13 A*
5i5le!7i4!4ie 5=% 3ia1(5
6*>u
,
1
1
$
7 q |4~, 6 5
7 ='-8.49, (5 *5
7 38 4*8 5r>d
Mar. 3 527s„ 57s
313ic
43<f,!533
a,
d
39,6
6
6
2
6
.
6
<§
£
d
•
7G:414 :51*8 334
13 5iai(< 515ie 7*r*8i4i4 5»i6 334
11
“
ft.
0
r
C
O
.
^
6Tou
6 is
1\ 4" 16 5'16 334
43ft 0*16 3llifi
7
7
7
5 =!rt
438
4 38
l111,5
5nl6
5=%
43jfi 53,( 358
-
opening, highest, lowest, closing and average prices
middling upland compare as follows:
The
of
ri
[c4
«
C-l
00
CO
1—1
ao
; x
co
;
-i
f,
jo
1—<
*7
O
00
co
rH
|
’
d
1873-9.
CO
Ci
F?
!
i
d
}
9
co
00
ci
co
CO
*—<
r-i
d
1S -2. 18 0-1.
!
=9
0
.
1
1
d
co
1
i>
tou
'
1
^
!613,«
.
3.106,000
3,03ft, OOO
2,835.000
13,350,000
13,570 000!
3,697,000
3,786,00J‘
21 ,OiK
3,217,090
35,000 3.073,000
35.0001 2,870,000
27,00, | 3,377,000
27,000; 3,507,000
35,000 3,182,000 61,192
35.000 3,038,000 58,123
27,000 2, *43,000*54,152
27,000 3,350,000’63.810
25,000 3,572,000] 68,692
25,000 3,722.000 82,000 3,640,000! 70.000
82,000. 3,808,000 121,000; 3,744.000 72,000
13.031.000 121.000 3,755,000 89.0001 3,606,000 70,500
The estimated
consumption for 1882-83 is reduced 500 bales
accordance with the result of subsequent inquiries.
consumption is estimated at 1,500 bales per week
(or about 2 per cent) less than last season's, owing to short
per week in
This year's
time.
The
CONSUMPTION OF THE CONTINENT.
deliveries, estimated consumption and
the mills compare as
400 11 >s. each:
18*2-83
1883-84
follows, in bales of the uniform weight of
Del i v cries
Stock
Oet. 1
donsumption.
Supply.
lotal.
| I’r.
Wb
94,000 2,329,000 41.000 2,288,000 41,039
41,000 2,607,000 201.000 2,403,000 46,211
2,300,000 204.000 2,501.0001 54,000 2,450,000 47,115
...12,235,000
1874-75
1875-76
1876-77
1877-78
1878-79
1881-82
surplus stocks at
....'2,566,000
...
..
..
..
....
..
....
..
....
3.034,000,112,000 3,196,000 240,000 2.956,000 56,846
3,092,000 240,000 3,332,000.134.000 3,198,009j61,500
3,647.000 134,000 3,781,000 401,000 3,380,000;65,OOO
3,131,090*401.000 3.532,0001152,000*3,380.000 65,600
the estimated consumption was
by the tenor of the replies sent by
our
numerous correspondents.’’
We made this statement
EUROPEAN IMPORTS, STOCKS AND DELIVERIES.
because there was a very general opinion that the actual rate
The imports, deliveries and stocks of cotton for the whole of
consumption was larger than our computation. We are
of Europe compare as follows, in 1,000's of bales :
satisfied now, however, that the weekly average did not
exceed 65,000 bales. We have adopted the same figure for the
w. 7.,
East
Ameri¬
Total.
Brazil. Egypt¬ Smyrseason just closed.
There has been an increase in some places,
tic.
ian.
nil.
Indian
can.
|5%
67s
Open. 5% 6l316i714 678 643le 6*2 Cl08.. 534
High.. 67,f Ol^lQlV l4 7 ‘ 16 7^2 |7°ig Aver. 611 (v52o;?0
1
L >w.. O 34 l63s :6»3h o‘h 6716 •U>8 :
724 778
O1** 63100 O'loo
1
1
*
“
Last year we stated that
the highest figure justified
but this lias been
Imports.
3,355
4,649
1883-84
1882-83
Decrease....
Increase
....
Stocks. St pi. 30.
1883-34
1882-33
1,687
1,638
794
....
498
52f>
343
342
393
334
58
26
....
49
1
59
32
432
286
16
83
35
O
45
67
10
0
*>
72
76
6,403
7,065
4
657
....
21
22
counterbalanced by a decrease in others.
[AVe omit the portion of the circular
cotton crop and its distribution.]
relating to the Ameri¬
can
PROSPECTS.
....
1,008
Twelve months ago
would witness
season
the general impression was that the new
further increase in consumption. AVe
a
expressed some misgivings on this point, but we accepted the
popular notion as a basis upon wThich to forecast the probable
i
146
4 s
:....
movements of supply and demand—in other words, wo over¬
FIVE
SEASONS.
estimated
DELIVERIES FOR
the wants of consumers, though our figures were
At the present moment the bias of pub¬
The following is a comparative statement of the deliveries, in considered too small.
lic
opinion is exactly the reverse of what it was at this time
1,000’s of bales, during the past five seasons, with the weight
last vear: then the inclination.was to over-estimate the
in pounds:
Decrease....
Increase
http://fraser.stlouisfed.org/
i,
Federal Reserve Bank of St. Louis
....
27
O
—
963
November
541
THE CHRONICLE,
15, 1884. J
.
The estimate for Great Britain includes about 500,000 not yet
requirements of the world ; now it is to under-estimate them.
at work.
We confess that we do not sympathize with the pessimist views
STATE OF THE COTTON INDUSTRY OF THE CONTINENT.
which just now pervade the markets here and in America.
The following account of the condition and prospects of the
Cotton at 5%d. to 5h>d. per lb. will rapidly disappear, and with
cotton industry of the Continent of Europe is compiled from
good food crops all over the world consumption is certain to
answers received to a list of questions sent to the principal cot¬
increase. While so soon as the China and Egyptian difficulties
ton ports and cotton manufacturing centres in each country
are got out of the way, the demand will for a while exceed the
in the month of September.
We take this opportunity of
rate of consumption. For the immediate future, however, the
thanking our numerous correspondents for the prompt and
course of prices will probably be ruled chiefly by the financial
necessities of the South, which, it is stated, are so pressing that hearty manner in which they have answered our questions,
and we trust that the perusal of our report will afford them
the planters must sell, and sell at once, a large proportion of
some recompense for the trouble they have been put to in
their crops at the best prices they can get.
As a moderate computation we estimate the requirements of complying with our wishes.
Russia and Poland.
Europe for the new season at an average of 138,000 bales of
St. Petersburg.—The Past Season lias been much worse than the pre¬
400 lbs. per week, against 135,500 last season and 137,000 the vious one. Goods sold at 6 to 8 per cent below cost. Prospects no bet¬
ter.
Consumption of cotton less than last season, owing to short time
season before.
Say 72,000 for Great Britain and 06,000 for the mills
working only live days per week. Stocks of cotton at the mills
Continent.
For fifty-two weeks the total quantity required smaller than last y ear; but most spinners have bought shipments for the
winter months. Stocks of goods about the same as last year. No increase
will be 7,176,000 bales of 400 lbs.
in spindles.
Moscow.—Spite of good food crops, business during the Past Season
To provide for this consumption we shall assume that the
has uot improved, owiug chiefly to previous over-production and to the
shipments from India will be equal to the average of the pre¬ low price of grain. The Prospects at e bad, as consumption is still behind
vious two seasons, say 1,600,000 ; that the Egyptian crop will supply. Consumption of cotton about 10 per cent less thau a full rate.
Night work almost generally suspended and. day work partially reduced.
reach 3,000,000 cantars, or 425,000 bales of 650 lbs., against Stocks of cotton at the mills much less than last year, and spinners have
of late purchased only for current requirements.
Stocks of yarns and
393,COO last year ; that the Brazils will supply 350,000 bales* goods smaller than a year ago. but still very large. No increase iu spin¬
200,000 out of a total of 1,900,000 standing.
against 343,00(1 last year, and that all other sources will send dles;
Lodz —Past Season much worse thau the previous one.
Sales difficult
115,000, against 130,000 last year and 102,000 the year before. even at prices covering barely the cost of the raw material. Prospects
better, though prices are as ipet unsatisfactory. Consumption of cotton
Reduced to weight these figures come out as follows :
smaller than last season, owing partly to higher couuts of yarn being
spun. Stocks at the mills about the same as usual at this time of the
year. Stocks of yarns and goods smaller than last year, some important
717 7/7//.
Pound*.
Pales.
sales having been made during the past four to six weeks. Number of
380
008,000.00 J spindles decreased 15,000, owing to tires.
East Indies
1,600,000
425,000
Egypt
Brazils
Sundries
350,000
115,000
Total
2,190,000
050
170
280
276,250,009
59,500,000
26,150,000
070,200,000
2
Equal in bales of 400 lbs. to
The most recent estimates of the
-
425,000
probable yield of the Ameri¬
recognized authorities range
most current estimate at New
York is said to be 6,200,000.
There are a few people who talk
of 6,400,000 or 6,500,000; but they have a very small following.
As it is too early yet to speak very confidently on the point,
we shall merely show how much American cotton is likely to
crop put forth by the usual
from 5,800,000 to 6,300,000. The
can
be
required for Europe
;
Estimated total consumption, in bales of 400 lbs
7,170,000
Probable import from India, Arc., as above, in bales of 400 lbs .2,4 J5,C09
Required from America, bales of 4.CO lbs
4,223,000
Equal iu bales of 450 lbs to
Last
season
4,751.000
American
spinners consumed 1,977,517 bales.
not use more than 1,900,000. Canada
and Mexico will want 80,000 bales, as their stocks are cleared
out.
This would make a total of 1,980,000.
As American
This
season
they
may
Sweden.
The business of the Past Season has
vious one, owing
been worse than that of the pre¬
to the bad harvest and the
consequent scarcity of
amongst the peasants and laborers. The Prospects are more hope¬
ful. There is no increase in the consumption of cotton. The stocks of
cotton at the mills arc smaller, but those of yarns and goods larger than
a year ago.
Thor j is no increase in the number of spindles, but new and
money
improved machinery has been introduced into some
of the mills.
Germany.
the previous oue, owing
difficult, but buyers tried to
delay the receiving of purchases previously made, iu expectation of
consumption being larger than the year before. With good grain crops
the Prospects for the new season are encouraging. No increase in conBuinpiion. Stocks of cotton at the mills smaller than last year. Stocks
of coarse yarns larger, but those of the liner counts unchanged. Stocks
of goods'larger. There is no increase in spindles, but some old ones
Prussia.— Fast Season decidedly worse than
to over-productio n.
Sales were not only
replaced.
than the previous one. owing
depression in trade. Spinners
and accept a lower one for
yam. At present the Prospects do not look favorable; but as the food
'crops are good, a better business is expected. There has been au in¬
crease of 10 per cent iu the consumption of cotton, owing to an addition
of 15,( 09 to the number of spindles. Stocks of cotton, on average,
rather less thau last year. Stocks of yarns and goods 10 to 20 per cent
Westl’IIALIa.— Past Season much worse
to over production aud to tin; general
have had to pay a higher price for cotton,
larger.
subsequently went
aud
products for
Prospects good.51 Consumption of
mills 25 per
lower prices,
buying only from hand to mouth. ’1 he stocks of yarns and goods are
less tlian a year ago; production moves off as it is completed.
Increase
in spindles,"50,OOO.
Bavaria.—Pad Season worse than the previous one. owing to supplies
being in excess of demand and to consumption being retarded byr the
poverty of the German peasants. Thincrs made worse by English com¬
petition and by the action of the Alsatian weavers, who, failing a demand
for sateens, have returned to the production of calico and Hooded the
The Prosptcts are better, owing to good grani
South German markets.
crops and to lower prices of cotton ; but little improvement, can take
place unless Lancashire can find some other outlet for her yarns. The
consumption of cotton lms been increased 3 to 10 per cent, owing to
improved machinery and to the spinning of coarser counts of yarn.
Stocks of cotton at the mills much smaller, in some cases 50 per cent
lighter than at this time last year.
Stocks of yarns and goods variable,
but on the whole larger than a year ago.
Increase in spiQdles 20,000,
S\xos\ .—Past Season opened unsatisfactorily, but
better. Large business done in mixed wool
cotton
home consumption and for export.
cotton increased about, live per cent. Stockof cotton at the,
cent less than last season ; spinner-’, in expectation of
spinners hold only 15,000, against 103,000 last year, they may
easily take 50,000 bales in addition to their consumption ; they
are sure to take this quantity if prices remain low. This would
give 2,030,000 for the American Continent, which, added to
4,220,000 for Europe, gives 6,250,000 as the total crop required
from the South, on the basis of a consumption (in Europe and
America jointly) about the same as the season before last, and
leaving the stocks in the American and European ports, and at
the English and Continental mills, at the end of the season the
same as at the beginning.
In short it is necessary, in order to but not all yet at work.
M. Gladbocii, Riienisii Prussia.—Past Season decidedly worse than
prevent any further encroachment upon stocks, that the Amer¬ the previous one. The demand diminished, owing to the competition on
ican crop shall not be less than from 6,200,000 to 6,250,000 welt yarn imported from Saxony, aud of water-twist imported from
England. The Prospects are no better as yet; but as the grain crops
bales.
As the present low range of values is laying the foun¬ are good some improvement is expected. The re-building of some small
dation for a greatly increased consumption, our estimate of the mills has increased the consumption of cotton about 3 to 5 per cent.
The stocks at the mills are smaller; the roduotion ranges between 10
probable requirements of the world may easily be exceeded. and 40 per cent. The stocks of yarns and goods are larger than last
especially of weft yarn. Increase of spindles, 20,000 to 25,COO.
Under such circumstances, spinners are acting wisely by pur¬ 3rcar.
\Vuktembckg—Past Season less satisfactory thau the previous one,
since January or February. Sales were slow, while prices
chasing largely during the present depression, as even with a especially
were depressed bv Manchester competition,
‘llie Prospects are not very
crop of six and a quarter million we look for an important rise promising, but with good grain crops and lower prices for cotton, some
improvement is not uulikely, unless hindered by Manchester. Amount
in prices during the season, while a moderate advance would
of cotton consumed about the same as last year. Some reports give a
not be prevented, although the crop should reach 6,400,000 slight increase, but others a slight decrease. In some instances con¬
sumption has been ieduced owing to low state of the rivers in the sum¬
to 6,500,000 bales, as such a supply would still leave stocks mer months. Stocks of cottou at the mills much smaller than last year.
Stocks of yarns unimportant; stocks of goods slightly larger. No
smaller than twelve months ago.
increase in spindles, hot a new mill with 15,000 being built. t
Baden.—The l'ast Season began well, spinners and weavers being
NUMBER OF SPINDLES.
under contract till the sp iug months; but a change for the worse has
The following is an estimate of the number of spindles in taken place during the past six mouths, owing most likely to over-pro¬
duction. 'J lie Prospects are not yet encouraging. The present margin
Europe, America and India :
between cotton and yarn is very small, as is also that between yarn and
cloth ; but with a good harvest and low prices for cotton some improve¬
1884.
ment may be expected. Consumption, if anything, rather loss than last
j
1883.
| 1882. \ 1881.
stocks at the mills possibly 50 per cent smaller. Stocks of
season,
Great Britain
! 13.0C0,COO 12,000.000141,000,000140,600,000 yarn and cloth slightly larger. There is a small increase in spindles—
Continent
United States
East ladies
Total
i22,G?.0,000| 22,5CO,000121,855,00012] .245.000
! 13.200,000! 12,600,000112,000,000111,375,000
1,750/900) 1,700,000, 1.G20.000; 1,496,000
80.C,oo.oooivs.soo.noo1?^.475.000 74.71C.0CO
report says ai o it 15,000.
Alsace.—Business during the Past S' ason has been
than iu the previous one; and Prospects do not indicate
one
any
immediate
The consumption of cotton has been ab.*utthe same as
The stocks at the mills are smaller than they were a year
impiovement.
last season.
generally worse
THE CHRONICLE
542
since, but they are still large. The stocks of yams anrl goods are
heavier, and prices lower, especially yarns made from Suruts. There is
no increase in spindles ; all are woi king full time.
Austria.
The state of the cotton business in Austria during the first half of the
Past Season was tolerably good, but became worse as the season
advanced, and since the summer mouths has been.very- dull. With accu¬
mulating stocks prices of yarns aud goods declined, while th < raw mate¬
rial remained firm, so that little profit was left to the manufacturer.
Prospects are far from In iglit, owing to the stoppage of the corn expoi t
the crisis in the sugar trade and the low prices watch the peasant has
received for his produce. The consumption of cotton has changed very
little, the slight increase in some distric s being about oouuterbalan ed
by the decrease through The strike in North Bo lemia during the spring.
Bohemia.—The Past Season wan less satisfactory i lian the previous
one, owing to the diminished margin of profit caused by the reduced
demand and by the increased competition of Manchester. Mention, how¬
ever, is made of concerns which have been exceptionally fortunate, owing
to th-ir having accumulated a good stock of cotton at the lowest prices.
The Pros pec s are mostly reported as unpromising, owing t > the unsatis¬
factory state of the agricultural interests and to the crisis io the s igar
trade; but with low pi ices for cotton, some of the c rrespondents venture
to speak hopefu ly of the future.
The consumption of co:t<>n lias
sliglitlv increased ; fhcre has been a reduction at s one mills, owing to
labor disputes butjth s has been compensate 1 for by an increase in other
districts. Stocks of cotton 5 to v5 percent smaller than a year ago.
Stocks of yarns and goods variously estiui tted at 10 to 31) p„*r cent
larger. Increase in spindles 70,<j n>.
Tyrol »nd Voralrekg.— flie reports as to the Past Season are some¬
what conflicting, but they mostly complain that im-iness was not so sat¬
isfactory as in 188*2-3 Tile milts were fully employed, bur profits were
smaller. The present position is not so good as at th * opening, and tJLl :
Prospects are not regarded as indicating any immediate improvement;
bat hopes a e entertained of a turn for the better two o ■ three months
hence. There has been little if any ir erease in the consumption of cot¬
The stocks at the mills vary from no change to 5 b percent less
ton.
than last year. Stocks of yarn* and goods larger, in some im-tauces
much larger. No increase in spindles, but 20,000 n w olos will come
into operation in Is-5.
Lower A - stria.— Past s ason much less favorable than the previous
cue, owing to over-production in other portions of Austria, to the com¬
petition of Muicliester, t»the anti-Semiticdisturbances in Hungary, to
the diminished export of grain, and to thewrisis in the sagtr tr uie
t he
Prospects are only poor. There has been no increase in tlie consumption
of cotton.
The stocks of cortou at the mills are variou>lv estimated at
from 5 to 20 per cent smaller tuan la^t ye tr, especially of American.
The stocks of yarns and goods are considerably larger,
j here is a slight
increase (about 10, JVO) in the number of spindles, besides considerable
renewals.
Upper Austria —The Past Season less satisfacfory than the previous
one, but not much difference.
Prospects not brilliant. There has ban
little if any increase in tlie consumption of cotton. The stocks at the,
mills are smaller than at ttiis time last yea”. Stocks of yams and goods
numerate. There i* no increaso of spindles, but oue mill witu 40,000 is
in course of construction.
Switzerland.
The Past Season has been less satisfactory than the previous one.
There were not imuy complaints during the first half, but spinners of
eoaiso and medium counts did better than the producers of fiin yarns.
In the second half business has been bad all round. English cnmpi tttion has been severely frit by tlie home trade, while, the export branches
li ive been injured by the outbreak of cholera in Sou ill Europe, the polit¬
ical disturbances in Egypt and China, and oy the financial crisis in the
United States.
As tin se causes are still partially in operation, the Pros¬
pects are not encouragiug; but people ar,i now more hopeful Ilian they
were a few months ago. The consumption of cotton has rather increased
than otherwise, owing to tiic lower counts of yarn snun. The stocks at
the mills are considerably less than a yen* ago, varying from little
change up to a reduction of 50 per cent. The stocks of low and medium
counts of yarn are mode:ate, but those of tlie counts are large, much
larger than last year; the stocks of goods vaiy from the same as last
year to 25 per cent larger. There is no Increase in spin ilea; on the con¬
trary. a slight, decrease, as the new machinery put up has not compen¬
sated for that burnt or taken down.
Holland.
The
foregoing remarks apply to France generally. The
following are summaries of reports received from the principal
centres of the cotton industry:
District.—The Past Sea, on was. up to the 30rh June,
cidedly better than the previous one; but since the da e named busi¬
ness has been injured by ihe Ameiic.m financial crisis, by the appear¬
ance of the cholera, and bv the uuexpect d serious re-acti >u iu cotton.
The Prospects are favorable, unless in ured by political influences. The
consumption of cotton lias not increased. The stock at the mills is 50
per cent less than last year.
There are no stocks of ya^a: and only a
smoll increase in cl dh. About 8.01)0 new spiudl*»s have been put lip ;
but there are 100,000 old ones temporarily standing.
Con.de, Flers, Mayenne and Lkval —Business during the Past
Season was not so goo 1 as tlie previous one, owing partly to the cholera
and partly to the Chinese war, but chiefly to the commercial depression
which preceded these events, and to the competition arising out of the
excessive production in Eugl ind. The Prospects for the new sea-on are
favorable, because the crops are good, white th ; late flue weather lias
increased the consumption of cotton materials. There has been little
change iu the consumption of cotton, the stocks at the mils are 10 to
20 per coat less than last seaso •. The stocks of yarn are a little larger
than a year since, the stocks of goods are 20 per cent la- g-u\ There is
a slight increase in spindles, about 10 00 >h mug b *e:i
destroyed by fire,
beta rather larger nuin >er or new ones (dog thistle) have been put no.
Rouen and
dt
Eastern Fringe—Vosges, Belfort, &c—Toe Past Season has been
les-< favorable than the pr* vious one, owing to the lessc ed demand oc¬
casioned by cholera and distorted politics. The Pros; cels do not prom¬
ise any immediate, amendment. There'is no material increase iu tlie
consumption of cott mi. Tim stocks at tlie mills niv. very small, i lie
stocks of yarns are also light, lmt possibly heavier than at this tunc last
year.
There is no increase of moment in the number of spindles at
work.
Some mills have been burnt down, bat some new one have been
built.
Spain.
The Past Season has not vaii-d much from-the previous one. But,
unli'SS the cholera spreads to Spain, the Prospec's for the new season
ate favorable.
There lias been a slight increase in Tlie eonsiimpt’on of
cotton. Tlie stocks at the mills are smaller tha last year.
The stocks
of yarns an l go ids are smaller, us sales have b mmi hi dor.nl. owing to
the
expectation of cholera.
some
The
old
ones
have been
complete returns
was
built.
mills.
equivalent amount of machinery has been added to other
France.
At the end
of 1881 business was quite
sntisfact >ry ail over France and the neighboring countries, o .ving to
low prices, a good demand, and expected higher values later on. B it
as the year a tvaneed th-* position lost strength, not only iu sympathy
with cotton, but also b* cause flic wants of buyers had been ant ci pitted;
and, with the piospe.ctsof a large cotton crop, disturbed politics in
China, the interrup ion of business in the countries where cholera had
of 1893
and the beginning
broken out. and the crisis in America, everybody restricted Ins pur¬
chases to the utmost. As, however, There is ro in for hopes of relief
from several <»r these causes, and as the h one crops are good. Pro pert
for the future are better than during the lost few months of g oomy
bi siuess. There has not be« n any decrease in consumption of c »tton,
but the increase, if any, must have been moderate, aitnoiigh there is
tendency to improve the spindles, and' as there a’so appears
that tower counts of yarn were made. Stocks of cotton in tlie mi Is are.
lower than during any of the past yeais, and it may be said that, as a
rule, spinners *>o n*»t hold more than a month’s consumption. The pro-
always
a
Msion in stock in Havre docks is also much .ess th in juvvi us years, as
are also the purchases for future delivery.
This is owing both to the
recent fill in prices, which gave rise to the fear of a further collapse,
and to the, unrcinunerative. business and the inability to make forward
contra-rs for yarns.
For the above-mentioned reasons storks «»f yarns
and cloth are somewhat larger than las* year, b it there, is u i aecumul-ition worth mentioning.
We think tin* increasedo“.s n t exceed au aver¬
of 10 per cent for yarns
increase in spindles.
age
and 20 per cent for cloth.
are rot yet to
hand.
They shall lie given in our
*
*
w
*
*
EXPORTS OF YARNS
AND
*
s:-
PIECE GOODS.
Tlie
following is a comparative statement of the export
cotton yarns and piece goods from Great Britain in each
the past ten seasons ended 30th September, in millions
of
of
of
pounds and yards:
Lb-.
271*>)
2r 50
244 3
249*6
217-7
IP 83-84
1882-83
1881-82
188C-8I
1879-SO
Yds.
4,419
4,527
4,451)
4,753
4,304
Lbs.
235-0
250*5
23 -J
223*2
2181
i
!
I
187^-79
1877-78
18 0-77
1875-70
i
1874-75
J
....
Yds.
3,031
3.081
3,803
3,035
.9,540
The exports of yarn show an increase of 6*3 per cent in
1883-4, compared with 1882-3, but those of goods a decrease of
2’4 per cent.
On tlie assumption that live yards of piece goods
are equal to one pound of yarn, the net decrease is only 0*4
per cent.
In last year’s report the export of piece goods was
given as 4,257 million yards. It should have been 4,527 mil¬
lion yards.
Ellison & Co., Cotton Brokers,
7 Rumford Street, Liverpool.
[In reply ti numerous inquiries, I beq to .stite that my
on the “ Cotton Trade of Great Britain” is completed,
and will be cut of the ptess towards tin end of the present
year.—T. E.]
book
l^louctarijg®anintcrctai
RATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
The Past Season has not developed any new features. The first half
was fainy satisfactory, but the-second half Ins been bail, ami at the
moment the Prospects are not very encouraging. There has been no
increase in the consumption of cotton. Tlie stocks at the mills a e
probably 25 per cent less than at this dite la«t, year. The st* qks of
yarns and goods are 10 to 15 per cent large”. There is no change of
moment in the number of spindles. Three mills have stopped work¬
an
little increase in spindles, but
is
new.
Italy.
report of next month.
Belgium.
ing. but
There
replaced by
'
fairly satisfactory during the first half, but unremnuerative, especia'ly to weavers, during the second half—owing to pro¬
duction being in excess of demand, and to Manchester competition. Tlie
sab s to home consumers have been fully eq lal to the previous seasou,
and the shipments to the Dutch s ast Indies have been satisfactory as to
quantity; but pioducers have of late had to take poor prices. As the
food crops are good ami cotton cheap, the Prospects for the new s -as. u
are very promising.
The consumption of cotton has be u ratner less
than last season, owing to two mills having been burnt down; the
reduced consumption, however, is only about 80 to 100 bales per week.
The stocks at the mills are mostly much smaller than at th s time last
ear. Tin* stocks of yamj and goods ;*rc rather larger in some instances,
lit smaller in others; on the whole there is littl • change.
There is no
increase iu spindles, but rather a decrease, owing to fires. Three new
nulls, one with 33,COO aud two with 25,000 to 30,000 spindles, a;e being
The Past Season
[VOL. XXXIX,
Ta iv is
no
j| EXCHANGE ON LONDON
EXCHANGE AT LONDON- Oct. 31.
Time.
On-
Amsterdam. 3 mos.
Amsterdam. Short.
Hamburg..
.
Berlin
Frankfort...
Vi n nt
Trieste
Antwerp.
3
mos.
• •
it
44
Rate.
12 4 ~'s
12-2*4
20-59
20 00
20*69
0 40
Oct.
920*03
920*01
7/ 2 *01
®20 42*o
i
25:57*2 ®2 .*02 *s
25*40*fi a 25-528; Oct.
44
•
....
Time.
Rate.
31
Short.
12 12
3
3
20 12
20-22
20-4 i
12-22
i
mos.
5 1
*4
31
Short.
•
31
4
(4
......
....
(4
Oa cutta;
)et.
O t.
Oct.
Oct.
Oct.
Oct.
-
Bombay
Date.
1
<4
..
,’onstant’ple
Latest
ai2-5:q
«12-3*1
21
Sr. Petci-sb g
a) 2 41! <;
Fan's
Checks 25"22 G @ 5" -7 F>
Paris
3 11148. 2540
<?>25-45
44
Genoa
25*57Vo,*25*o2*2
44
Madrid
4-07^Y7, qt/J
44
4 0~*Tv l(;Uj (j
Cadiz.
4
Li bon
51 ' s >i 51 -h
Alexandria..
<
!
j
dem’nd
•*
New Yoik...
Hong Kong:
Is 7^d.
Is. 7-Hd.
.....
_
[From
our own
31
51 Cheeks
mo <.
24-q<i
-
25*23
25 2 J
(4
Oct.
!
i
....
3 mos.
31
j1
O.t.
3 mos.
30
31 Cables.
•*
311
47-09
....
OoiV" 291
ioct.
Shanghai....
15 2, hj
*•
3
Oct.
Our.
Oct.
O.t.
....
Short.
3 1
•*
3L
“
31:
HI |
I lilOS
••
95 7k
110 - 0
Is. 7-,«d.
Is.
73Jed.
4-94
3s. 8*23.
58. 0(1.
correspondent. I
London, Saturday, Nov. 1,
1884.
the
the
During the
As had been very generally anticipated, the directors of
Bank of England advanced, after a very brief discussion*
official rate of discount from 3 to 4 per cent.
November 15,
THE CHRONICLE,
1884.]
week embraced in the return
the amount of gold withdrawn
October 00.
exportation had been rather more than £500,000, while in
addition to that about £230,000 in sovereigns had been taken
out for transmission to the provinces, making a t >tal loss of
Interest at
nearly £733,000. As the va’ue of money is now regulated by
the gold movements, the above decrease is important, more
especially as the falling away of the supply of gold has been
almost uninterrupted since the summer. At the close of July
the Bank of England held £24,361,344, but the total is now
only £19,832,209, showing a diminution of £4,529,135. The
total reserve also has in the same period declined from
£14,122,644 to £10,062,009, or to the extent of rather more than
four millions sterling. Bearing in mind] that the falling away
has not been from excessive totals,ra four per cent rate is fully
justified.
The question now arises whether even that quotation will
suffice. In 1881, when the supply of gold was about £1,000,000
more than it is at the present time while the reserve of notes
about
coin
cent
and the proportion of reserve to
was
higher than it is
the
the Bank rate
same,
October 23.
October 10.
October 0.
Rates of
for
and
543
Bank
Open
Bank
Open
Bank
Open
Bank
Open
Rate.
Market
Rate.
Markn
Bate.
Market
Rate.
Market
3
2H
3
4
34
8K
34
2H
4
Paris
S
Perlin
4
24
34
3
Frankfort
4
34
4
Hamburg
4
SH
4
8
3
3
2%
34
34
34
2H
Brusse’s
4
3
2H
3
Madrid
Vienna
4*
34
4*
4*
44
4
4
4
4
St.
6
0
6
4
4
4
Amsterdam
....
Petersburg..
Copenhagen
4
4
34
—
3
—
3
3
24
2u
44
2%
4*
44
44
4
4
4
4
0
0
0
0
0
4
4
4
4
44
3
the bullion market, Messrs.
reference to the state of
In
4
24
m
Pixley & Abell remark:
Gold—There lias been a good demand for gold, an ! all m rivals have
be* n purcha ed f<»r export, In addition to the above, £301.000 has been
withdraw,- from the *avlc, of wliieli £321 .<•( 0 lias g< lie to the United
States mi l the rest, to Alexandria
The arrivals are £30.000 from Aus¬
from the West Indies and £0».16o from Vera Cruz. The
tralia. £28.0
l am u* takes £10.000 from this country.
£45,000 g< es by the P. &
O. strain* r to Alexandria and £YOOO to Bombay.
Silver has remained at f.O-%1. to 50 11-lOd. per oz. since our last, until
to-day, when lower rat s of exchange having been received from India,
and purchases for the Continent having erased, the price fell to 50*2(1..
and at this figure the amount by the Medway from the West Indies
has been placed. The imports have been £30 010 from the Grazilp,
.£ lO.OOii from New York, £32,0(>0 from Ciiiii and £26,<>00 from West
5 per
liabilities was 2 per cent
was
namely, 373s per cent. The notes in
public were about £1,000,000 less. These Indies; total, £128 040. The I’eshawur takes £2*,500 to Bombay.
Mexican Dollars—The major pari of the arrivals by the Medway
figures certainly lead to the conclusion that the present Bank
were sold before arrival, and the small balance will prohah'y be dealt
rate will not speedily be lower, and that it is even possible and
with at lower rates. The Medway brought £ O.tiOO from West Indies
perhaps probable that a further advance will take place. That and ilie Oaxaca brought £1(5,200 from Vera Cruz.
the monoy market will be influenced in favor of higher rates
The quotations for bullion are reported as follows:
from commercial causes,that is to say, by a substantial improve¬
ment in trade in this and other countries, is not at all antici¬
Oct. 30.
Oct. 23.
Price of Silver.
Oct. 23.
Oct. 30.
Price of Gold.
pated. The current year has only two months to run, and
d.
d.
8.
d.
s.
d.
while there are apprehensions of failures, merchants are nc^ Bar g Id, fine
77 10
Bar silver, fine..os. 50*
77 04
50H
oz.
Bar sliver,contain¬
contain’g.
likely to feel disposed to extend their operations. If the Bank Bar gold,
51
77 11*
20 dwts. silver.oz. 77 11
ing 5 grs. gold..oz. 50*
rate should be further advanced, it will be entirely due to the
Cake silver
.oz.
54*
54-M
Span, double- ns.oz.
Mexican dols...oz.
gold movements, which are still a question of uncertainty. 9. Am.doubloons.oz
Some correction of the exchanges is expected to be the result of
The failure is announced of Messrs. J. S. & J. Ranken, East
Thursday's [movement, but gold for military purposes is
India merchants of this city.
The liabilities are estimated at
sure to go to Egypt for some time to come, and the American
£60,000, the greater portion of which is secured.
exchange is still against London. And yet it should be
Tenders will be received on the 6th of November at the Com¬
remembered that, although adverse gold operations may con¬
mercial Bank of Australia for a Melbourne Tramways Trust
tinue to drive up the value of money, the scarcity of trade
bills is calculated to check the movement.
And in this con¬ 4% per cent loan for £500,000 in debentures at par.
Treasury bills to renew those about to mature will be ten¬
nection a feature is that the outside rates have not responded
dered for on the 4th of November.
The amount is £1,635,0C0.
to the advance to any very great extent.
The open market
The deliveries of home-grown wheat have been upon only a
rate of discount for three months’ bank bills is half per cent
moderate scale, but of barley they have been extensive and
below the new official rate, and the banks and discount houses
larger than in several former years. As regards wheat, the
are allowing one quarter per cent less interest than is usual*
trade is very quiet, the business doing being chiefly to supply
Under all these circumstances, it is very clear that the cburse
actual requirements.
Prices have still a downward tendency,
of events is still uncertain, but there is an impression that four
notwithstanding that they are at a very low point. The quota¬
per cent will not suffice.
tion for to wn-made flour is now only 35s. for 280 lbs., being
The following are the present prices for money.
the lowest price on record.
Annexed is an estimate of the production of wheat in this
Interest allowed
Open market rates.
e
for deposits by
country. The statement also shows the extent of our importa¬
Bank Rills.
Trade Bills.
tions during the agricultural year and the totals available for
London
Disc't FPse
g
Joint
consumption:
Six
At 7 to 14
Four
Three
Six
Stock
s Three Four
now,
the hands of the
.
.
•
•
.
..
•
A!
Months Months Months Months Months Months
Sept.26 2
m®
-
1Ts3»2
3j 2
i*©
-
24®
Oct.
“
"
“
“
17! 3
24; 3
4
2 &- 24® 2%
24® - 24® & -2A® - 34®& - 3 @ — 34® -
3‘t@
—
3-H@
—
Days.
24®
-
2*®3
1
H
1
-1
3
-
3*®
—
1
H
1
-1
Harvest Year,
3*@3*
2
2
-2
Sept. 1 to Aug. 31.
34®*4
2
2
-2
©
2>8@ - 2%® - 3
m® - 2~A® - 3
24® -;3 <§> -3y'&
10| 3
31
-
Banks. Call.
4
-\34®
-
3*33% 3*@
-
® -3*3)
—
4
—
&
—
4*©
•
2
l*
2
-2
3
2V!3
-3
The
following return shows the present position of the
Bank of England, the Bank rate of discount, the price of
consols, the average quotation for English wheat, the price of
middling upland cotton, of No. 40 mule twist, fair 2d quality,
and the Clearing House return for the past week, compared
with previous years:
1884.
£
Circulation
Froport’n of
£
10,0 2.0,9
9 209,951
10,133 989
1881-5.
Average of lb years
ended 18S3- 4
i
19,832,209
22,095,371
20:1C2,S26
20,860,535
Average of tlie lirst
37 "h
Aver igeof ninej ears
ended .1883-4
4 p. C.
10> d 11 (j
32-. 4 L
5Ti„d.
34
3 p. c.
5 p. c.
101-ho
1* 2
40s. td.
till.
40s. 3:1.
GTi< it.
5 p.
•
The Bank rate of discount and open
chief Continental cities now and for the
follows:
7.8*0.000
9,5-0.O’ 0
7,95-; 009
V 2.0 *0.009
22.0 »O,0 0
nine
!
.OOO
!
years
13,9 19.0 O
12.1 5(5,1/00
14.7.03OO
14.4 7 009
;09.099
t
] (5,
]•:.
1
17,200.000
21,200,' 00
21 ,h:jo,( 0.1
21.780.( 09
95,3 10,900
2 1.03 1,000
21.821.900
23.9 05,000
2* .242.000
i2.390 900
3.099
25,249.000
9<:,3 4,000
30 19 :,‘>00
15 810,000
V3 9 H) OOO
10,190,090 (?)
20,009,000 (!)
12,581,000
23,311,000
12.278,000
9,548,000
21,820,000
9,182,000
15,013,0 0
21,795,000
9.1 l 1.000
12-1.099
10.2 13.999
•-,12 4 099
9,591,009
10,730,0.0
19,9
1
j
:s5.(>99
993j.
47s. 0»»
0 ( -3 i
No. 40 mule twist
9 VI.
10(1.
9*2*1.
le*4d.
Clearing-House rot’n. 83,439,000 1 20,589,009 144,971,000 144.315.0u0
1 S.S -1
!**]_»
18 83-4
;
!
5,990,000
s7 ---()
22,945.295
Eng. wheat, av. price
Mid. Upland cotton..
as
9.432 0 O
11,*2
19,893.025
12,0- 0,210
Consols
have been
l;-7 f-4
1 87(5-7
1877-8
12
iVS
;
9.320 90 J
1 1,720 909
1 1.230.00 »
I 1 .0 iO,<M;0
I3.c<7:».(b 8
35*69
15,790,900
19,0.0,0 <0
19,4*0,000
23.070.00J
10.1 10,090
3.203.30 •
i3 37.1592
119 39 20. <
20 33 4 892
reserve
1
Impe ial Qrs.
7,<v 0,0 m»
9,010.030
11.970,000
21.-5 70.555
to liabilities
Bank rate
10.390 099
Imperial Qrs.
5 871-2
3,(H8.107
581,057
;
1*72-3.
! 8 7'-'-1
i87-<’ -5
20.792.885
23.197.832
ports.
li.mocM.o
10, v O 000
13.70-*,000
9.12 4, OOO
9,! (55,900
Available
Ex- for Consumption
12.490.1 OO
14.100,000
1
X
sumption.
Imperial Qrs.
;8 '8-*
1881.
dueling
1866-7
1807-8
18IH-9
18:9-70
1870-1
25,TO >.155
4.1(50,152
23,38 5,143
Other deposits
24.(<51,708
Governm’t securities. 1 1.009.93s
Other securities
21.70 i."*l
Res’vo of notes uj coin
Coin and bullion in
both departments..
1882.
£
2 \v_"V2'?0
:n i, ■ 12
Public deposits
18-3.
Imports of Wheat
and Flour, > e- Total
I s'itnoted Home
Pr -duee A vaila'le for Con-
market rates at the
previous three weeks
relating to agriculture recently issued contain
regard to the manner in which land is
being cultivated in this country :
The extension of permanent pasture is again remarkable,
amounting to an increase of 525,00!) acres over 1883, and bring
ing the total area up to 15,290,000 acres. The area under
The returns
the following with
“
THE CHRONICLE.
514
arable land
the other hand is this year less
on
[VOL. XXXIX.
Market Reports—Per Cable.
English
by 144,000 acres,
daily closing quotations for securities, &c., at London,
about 17,175,000 acres being returned, as compared with 17,and for breadstuffs and provisions at Liverpool, are reported
319,000 acres in 1883. The relative proportions of the whole
by cable as follows for the week ending Nov. 14 :'
area
of cultivated land in Great Britain are this year
47‘1
per
crops
pasture, 26’1 under corn
cent under green crops. The con¬
cent under permanent
10-8 per
and
increase in perma¬
nent pasture is again referred to by the collectors as being due
not alone to the laying down in grass of land newly reclaimed
and enclosed in various districts, but in great measure also to
the transition from one system of farming to another that has
been gradually taking place. The low prices of corn, and the
more remunerative character of stock farming insisted on in
the present day by those best qualified to judge of the ques¬
tion, appear to render it matter for congratulation rather than
otherwise that acquiescence in the altered conditions of farm¬
ing seems to be gaining ground, more especially when the
great interest which the people of this country have in increased
home production of meat is borne in mind.”
The following return shows the extent of the sales of home¬
grown produce in the 187 principal markets of England and
Wales during the first eight weeks of the season, together with
the average prices realized, compared with the corresponding
period last season :
SALES.
tinued
The
decrease
arable land and
of
1883.
1834.
Wheat
qra.
465 561
130,504
86,904
Oats
1882.
396.572
283,750
544,953
592,155
625,030
Barley
-
.
31,782
London.
Consols for money
Consols for account
Fr’cb rentes (in Paris) fr
U. S. 4%>s of 1891
C. 8. 4s of 1907
Canadian Pacific
Chic. Mil. &St. Paul....
8.
Wheat
33
perqr.
32
Barley
19
Oats
1832.
s.
d.
41 s
1883.
s.
d.
d
5
40
9
20
5
*35 4
33 10
1
9
21 0
Converting quarters of wheat into cwts.,
the whole kingdom are estimated as follows:
1831.
37<,922
161,966
42,741
1331.
8. d.
49 8
34 9
21 6
the total sales in
1883.
1832.
7,9.5,38 4
6.8 74,000
1834.
Mon.
5014
1004
1C0^
100:q6
ioo?l8
75*45
78*25
1831.
Philadelphia & Reading
New York Central
11»8
11 *3
89
874
s.
.
State).100 lb. 10
6
Wheat, No. 1, wh. “
6
8pring, No. 2, n. “
9
Winter, South, n “
6
Winter, West., n “
7
Cal., No. 1
“
6
“
Cal., No. 2
5
Corn, mix., old... “
5
Corn, mix., new..
“
Pork, West, mess.. $ bbl 66
47
Bacon, long clear
Beef, pr. mess, new,# tc SI
Lard, prime West. # cwt 33
60
Oaeese. Am. choice
Flour (ex.
d.
8.
9
8
7
8
6
1
7
10
6
6
9
6
7
6
-
494
1004
10038
1003s
73 271* 78*174
1174
11718
12538
1254
45
454
76 V,
754
134
1333
117 4
117%
534
534
114
114
88 34
88%
s.
10
6
6
9
6
7
6
5
5
66
48
81
38
60
0*3
5
0
0
0
0
0
38
60
3
0
Wed.
Tves.
d.
9
8
7
8
6
1
7
0*3 5
5
5
66
0
49
0
81
0
Thiers
Wed.
100-4
Mon.
Sat.
Liverpool.
Tices. |
to
5013
1171s * 1171b
12 5 *3
l25!o
45
454
76^8
7*1*
134
Erie, common stock.... 13%
118*3
117H»
Illinois Central
52%
534
Pennsylvania
AVERAGE PRICES.
1834.
d.
Silver, per oz
Sat.
d.
9
s.
J
Fri.
49%
1004
10038
49Ui6
I0l»9[8
1001316
78*25
78*45
xl64
1254
454
76 4
134
1164
1254
45 4
774
118
x52 4
13%
118%
52%
114
394
914
12
Fri.
Thur8.
d.
10 9
6 8
H
6
6 6
8
9 8
6
6
6
1
7
1
6 7
7
04 5 04
5
5.5
66 0
0
47 6
0
81 0
0
38 3
3
61 0
0
8.
8.
d.
10
10
9
8
7
d.
9
6
8
6 7
9
3
6 7
7
1
6 7
5
5
66
47
81
38
61
6
6
9C 8
44
34
0
6
0
6
0
6
7
6
6
1
7
5
66
46
•81
33
62
5
0
0
0
6
0
Gcnumcveiat anti UXisceUaueatts Jlewrs
National Banks.—The
following national banks have lately
been organized:
3,263—The First National Bank of the City of Independence, Ta. Capital
$100,000. Richard Campbe’.l, President; George B. Warne
Cashier.
Imports and Exports for the
Week.—The imports of last
6,481,320 week, compared with those of the preceding week, show
The following return shows the extent of the imports of a decrease in dry goods and an increase in general merchandise.
cereal produce into the United Kingdom during the first eight The total imports were $8,036,031, against $8,141,839 the pre¬
The exports
weeks of the season, the sales of home-grown wheat, and the ceding week and $6,261,113 two weeks previous.
for the weekended Nov. 11 amounted to $5,543,248, against
average price of English wheat, and other items, compared
$6,778,244 last week and $6,872,870 two weeks previous. The
with last season:
IMPORTS.
following are the imports at New York for the week ending
188 1
1883
iflg-?.
1881.
(for dry goods) Nov. 6 and for the week ending (for general
‘Wheat
cwt. 10.288,775 12 061,3 6 1 4,260.8*72 10,204.151
Barley
3,561,356
3 306,973
7,916 933 1.849,968 merchandise) Nov. 7 ; also totals since the beginning of the
Wheat
cwt.
8.553,350
.
1,683,022
257,608
559.266
3,225,251
2,42 7,593
Oats
Peas
Beans
Indian corn
Flour
1,125,<>66
101.711
1,914,501
8 4,797
429,4 ‘7
1.997,990
167,051
318,282
5.013,223
1 7 42,-25
185,278
5,174,217
2.596.039
2.35i,o03
2,320,328
Supplies of wheat and flour available for consumption in eight weeks
(stocks Sept 1 not beiug iuoluded) as follows:
1834.
Imports of wheat, cwt.10,238,775
Imports of flour
2,427,533
Sales of home-grown
8,153,350
produce
21,263,718
Total
Av’ge price of English
1881.
12.061.596 14,200,872 10/ 01,151
2,351,008 2,320,323 - 1,742,225
6,874,000
7.905,38 4
22,320,983
6,451,323
49s. 81.
bush .31.090,000
29.875.000
14.500.000
10,250,000
1,793,000
1,790,000
qr8.
1,813,000
2.179,000
According to the official returns the deliveries of home¬
grown barley continue upon a very large scale. They are in
fact more extensive than they have been for some seasons
In the 187 principal markets of England and Wales,
they amounted last week to 151,108 quarters, against 134.132
quarters last year; while in the corresponding period of 1882
they were only 80,628 quarters, in 1831, 62,929 quarters, and
in 1880, 82,164 quarters.
The total for the first eight weeks of
the current season is now 625,030 quarters, against 465,561
past.
-
quarters, showing an increase of 159,469 quarters, while ac¬
cording to the usual calculation the sales in the entire King¬
dom during the last eight weeks have been 2,083,430 quarters,
against 1,551,780 quarters in
1883.
The increase is therefore
531,560 quarters.
Unlike wheat, which shows an
average decline compared with last year of 7s. 4d. per quarter,
the reduction in the value of barley is not more than Is. 9d. per
as
much
as
price is low, being only 32s. Id. for the
season, against 33s. lOd. in 1883.
The increase in the deliver¬
ies of home-grown wheat in the 187 principal markets of
England and Wales during the first eight weeks of the season has
been only 47,000 quarters, while the average price obtained
during that period has been only 33s. 5d., against 40s. 9d. per
quarter in 183 . There are large quantities of foreign barley
on passage to th ‘ country, but on the other hand our importa¬
tions of Indian coi 1 are small, and this fact should give some
quarter and the average
firmness to the market for feeding
stuffs.
1884.
1883.
1881.
1S82.
D y goods
G n’l iner’diae..
$1,612,999
$1,785,191
7,137,085
$1,705,504
6.791,022
$1,411,555
8,221,613
Total
Since Jan. 1.
59,364,612
$8,922,276
$8,496,526
5 8,036,061
ry
6,624,506
$99,695,332 $117,977,379 $109,611,915 $102,850,492
233,307,028 317,561,673 286,416,265 268,539,410
goods
Total 45 weeks.
41s. 9d.
YORK.
For Week.
23,395,2.0 18,427,696
40s. Sd.
of wheat
FOREIGN IMPORTS AT NEW
Sen’l mer’diae..
33s. 5d.
wheat for season.qrs.
Visiblo supply
in the if. S
Afloat to U. K
1832.
1883.
first week in Januarv:
$383,002,43o!$435 539,052
$398,023,180 $371,389,902
report of the dry goods trade will be found the im¬
ports of dry goods for one week later.
The following is a statement of the exports (exclusive of
In
our
specie) from the port of New York to foreign ports for
week ending Nov. 11, 1884, and from January 1 to date:
EXPORTS FROM NEW YORK FOR
For the week...
Prev. reported..
Total 45 weeks.
THE WEEK.
$6,953,*23
290,231,551
$7,005,219
323,511,659
1884.
1883.
1882.
1881.
the
$7,193,780
391,10*2,409
$5,543,248
273,594,740
$3S0,516,878;$297,190.377 $308,296,189 $279,137,988
following table shows the exports and imports of specie
port of New York for the week ending Nov. 8, and
since January 1, 1884, and for the corresponding periods in
The
at the
1883 and 1882:
EXPORTS AND IMPORTS OF
SPECIE AT NEW YORK.
Imports.
Exports.
Gold.
Week.
Great Britain
France
$6,500 $26,481,370
4,352,824
1,060,420
Germany
3,888.014
West Indies
Mexico
South America
All other countries...
Total 1884
Total 1883
Total 1882
Since Jan.l.
Week.
$975,854
27,985
$6,031,400
2,440,583
2.561,981
4,203,660
139,479
*
7.S00
11.000
Since Jan. 1.
790,554
5,520
771,104
1,300
11,114
283,868
30,186
$17,500 $37,952,086 $1,150,138 $15/62,735
1,872,910 12.623,586
576.093
7.550
2,793,27
262,729
2.50G 33,829.854
4
Great
Since Jan. 1.
Week.
Since Jan. 1.
Week.
$2,285
$147,800 $10,428,272
Britain
2,500
German/.-.
843
46.590
844,148
168.745
58,641,
13,950
West Indies
Mexico
South America
All other countries.
208,817
i
67,584!
be reduced to the
second mortgage
bonds, which were used in the settlement; if the settlement is
not carried out, the O. & T. Co. will be liable for $400,000,
which it lias agreed to pay for $800,000 of O. & C. RR. Co.
second mortgage bonds, which are held hv the syndicate which
took the O. & T. Co. $8,000,000 loan, due December 31, 1884.”
carried out, the assets of the O. & T. Co. will
extent of the $1,170,000 of O. & C. RR. Co.
Imports.
Exports.
Silver.
Franc©
545
THE CHRONICLE.
1884.]
November 15,
5,600
959,608
36,311
3,950
3,500
1,983,791
259.911
46,315
Philadelphia & Reading—Central of New Jersey.—At
Philadelphia, Nov. 12, the board of directors of the Reading
Railroad Company adjourned after finding that the next divi¬
$49,361 $3,198,343
$164,250 $11,960,499!
'Total 1884
115.195
5,266,075 dend of the Jersey Central Railroad could not he declared.
Total 3 883
253.391 13,325,377!
2,222,095 One of the receivers refused positively to give his consent to
16,616
Total 1882
50,000
9,7o8,204
paying the dividend. It is understood that a meeting of the
Of the above imports for the week in 1884, $28,324 were Jersey Central stockholders is to be called to consider what
American gold coin and $3,360 American silver coin. Of the action is to be taken.
exports during the same time, $11,000 were American gold
St. Joseph & Western.—At a meeting of stock and bond
com.
holders in New York last week, a committee of five, consist¬
U. S. Sub-Treasury.—The following table shows the receipts ing of Messrs. S. Borg, J. M. Lichtenauer, J. S. Stanton, W.
and payments at the Sub-Treasury in this city, as well as the C. Hill and Henry Allen, were appointed to present a plan for
the re-organization of the road.
balances in the same, for each day of the past week :
St. Paul & Northern Pacific.—The St. Paul & N. Pacific
Balance8.
h°.s
asked for the surrender of the outstanding bonds of the
Date.
Payments.
Receipts.
Coin.
Currency.
$140,000 mortgage for payment, The interest on these bonds
will cease after Ai
$
$
$
.$
VPiril 30, 1885. This mortgage was made by
“
967,888 23
1,373,833 27
8.
Nov.
83,992!
10.
11.
12.
13.
14.
1,396,850 51
1.080,293 47
1,664,510 77
1,204,291 53
Total...
7,637,667 78
“
“
«
“
894,441 26 126,129,867 40
1.375,995
1,045,227
1,126,377
1,893,173
80
27
82
71
126,10 j,344 17
126,147,577 80
126.269,876 3s
125,833,559 98
1,807,785 66 125,679,534 04
•
8,952,677
8,975,038
9,28 i,428
9.116,045
85
55
16
23
9,323,698 69
8,374,230 50
8,143.001 52
Oregon & Trans-Continental Co.—The following circuit r
was
issued to stockholders under date of Nov. 11
:
“In January last this company borrowed $8,076,250, and issued
therefor 183 notes of $43,750 each, pledging with each note as security
500 shares of Oregon Railway A Navigation Co. stock at $50, 500
.shares of Northern Pacific preferred stock at $25, and 500 shares of
Northern Pacific common at $12 50 per share.
“To the holder of each note was given until Nov. 1, 1884. the right
purchase 250 shares of the O. R. A N. stock at $100. 250 shares of
to
Northern Pacific preferred stock at $ 0, and 250 shares of Northern
Pacific common sti ck at $25.
The notes bore iuteiest at llie rats of
sir per cent per annum, payable every (60) days.
It was agreed that a
bonus of eight hundred thousand dollars in Oregon A California Rail¬
road Co. second mortgage bonds should be paid at maturity of the rotes,
and that said bonds should be worth at that time not less than 50 per
cent, making the bonus on the loan not less than five per cent in cash.
“The notes mature on the 31st day of December, 1881.
Options have
been exercised in connection with this loan to the amouut of 12,750
shares Northern Pacific preferr d stock at $50, reducing the notes
$637,500, leaving due on the said notes, say, $7,368,750. The company
addition to the remainder of these notes, after deducting cash
hand, as will be seen by the accompanying statement, $3,011,750,
making a total indebtedness of $10,380,500.” * * * “ Hie directors
consider that it is best for the iuteiests of the stockholders that they
owes m
on
should furnish the money now required on the notes of
for one year on the following plan :
The company to make 2,000 notes of $5.0C0 each and
each note.
70 shares Oregon Railway A Navigation stock at $50
40 shares Nortlm n Pacific preferred stock at $25
40 skai es Northern Pacific common stock at $12 50
the company
pledge with
$3,500
1,000
500
Total
..$5,000
The stocks to be deposited with the Farmers’ Loan A Trust Company
to secure each note. The holder of each note to have the right to
purchase at any time up to Nov. 1, 1885 :
35 shares Oregon Railway & Navigation at $100
$3,500
20 shares Northern Pacific preferred at $50
1,000
20 shares Northern Pacitio common at $25
500
Total
$5,000
or any of the foregoing lots at the prices stated, and apply the amount
to the payment of his note.
The notes, payable Dec. 31, 1885, with
interest at the rate of eight per cent per annum, payable quarterly, are
offered to stockholders of record at the closing of the books on the 24tli
day or this month in proportion to the amount of stock held by them.
“Stockholders are entitled to twenty-five per cent of their holdings of
stock if the whole amount or more is subscribed for, but subscriptions
may be made for such amount beyond their rights as they may wish.
Should a sufficient number of stockholders desire to subscribe for
-amounts less than $5,000, but not less than $1,000 or multiples thereof,
an effort will be made to accommodate them.
Rights of stock not
taken by Dec. 1, 1884, will be disposed of as the directors may see tit.
Subscriptions to be paid into the Farmers’ Loan & Trust Company on
or
before the 30th of December, interest at
rate of
five per cent per
paid in before that (late. The notes
* * *
Elijah Smith, President.
annum to he allowed on amounts
to be delivered December 31.”
1, 1884.
ASSETS NOVEMBER
Shares.
Oregon Railway A Nav
145,292
Northern Pacific RR.,pref.. 90,750
Northern Pacific HR., com.112,119
•Or. A Trans-Continental Co.
3,000
Wisconsin Cent RR., com.. 18,714
Mil. A L. Winne. RR., pref.
2,775
~
~
Ho.
do.
com.
St. Paul & North. Par. RR.
Or. L A s. Co. (cost $ L50.000)
Or. A California RR., pref..
Ho.
do.
com..
2,260
797
1,500
150
400
m.b’de.$l,170,000
518,000
Improve. Co.notes..
Or. A Cal.RR., 2d
Or.
Lands, estimated value.
N. Y. City & N. RR. 1st
mortgage bonds
Portland Hotel (untin)..
LIABILITIES
stock (400,000
shares)
“
There
39.000
150,000
Pug. 8d. 8h. RR.(unene).
775,000
Cedar River Extension.
Ja’st wn AN.RR.(unfin.)
Claims against individ..
Claims against corporal
335,000
95,000
42,000
ti<>ns(unadj’t’d) about. 3,000,009
Cash
Capital
230,000
on
band
1, 1881.
| Bills payable
360,000
NOVEMBER
$40,000,000 | Audite
claims.
$10,635,500
105,000
outstanding of the Oregon & Trans-Conti¬
nental Company amounting to $9,553,000, against which an
equal amount of first mortgage bonds of the Northern Pacific
are
bonds
Railroad
branch roads, at $20,000 per mile, are held by the
farmers’ Loan& Trust Company, trustee, which bonds, accordPacific RR. Co. are
practically guaranteed, principal and interest, by that com¬
pany. If the settlement of Oregon & California lease matter is l
mg to agreements made with the Northern
Railroad of Minnesota. The St.
the old Western Ilf
Northern Pacific recently made full payment of the
Paul &
$100,000
mortgage of the Western Minnesota Company.
Texas Central.—This company has executed a general
mortgage to secure an issue of 6 per cent bonds at the rate of
$25,000 per mile. The new bonds are to be used to retire exist¬
ing issues and to provide funds for extensions and improve¬
ments of the road.
The company, which is controlled oy the
Houston & Texas Central Company, owns 22 ) miles of com¬
pleted road. •
*
Virginia & Carolina.—In pursuance of an ordinance
adopted by the City Council of the City of Petersburg, Va.,
the City Treasurer has issued to the Virginia & Carolina RR.
Company $100,000 of City of Petersburg bonds, to aid in the
construction of the road from Petersburg to Wards, North
Carolina. The bonds of the city are dated July 1,1883, and
are payable thirty years after date.
They bear 6 per cent in¬
terest, payable semi-annually. The legality of the charter of
the Virginia & Carolina Railroad is to be tested by persons in
Dinwiddie County, through which the road is to run.
Wisconsin Central.—This company’s new line to St. Paul
will be completed and ready for operation in about twenty
days. The Central’s contracts with the Duluth and Manitoba
roads, over whose tracks an entrance to the city of St. Paul is
to be effected, have been approved and signed by all parties
concerned. The Wisconsin Central officials are confident that
the new line will be ready for operation into St. Paul by Dec. 1.
The company’s contracts with the Duluth and Manitoba roads
are for a term of twenty-five years, with provisions for their
renewal at the expiration of that time should it be desired.
—The attention of investors is directed to the card of the
Corbin Banking Company in the advertising columns of the
Chronicle.
This company has been engaged for many years
in taking mortgages at profitable rate3 of interest on Western
farm property and negotiating the same by sale to private
The company has had remarkable success in this
business, by making its loans with care, and the parties who
investors.
purchased these bonds from the Corbin Banking Co.
apparently so well satisfied that they commend the loans
heartily to other investors. The company furnishes in neat
little pamphlets complete information about its loans, the
details of the business, and testimonials from those who have
invested in these mortgage bonds for a number of years
past.
—The New York Stationery & Enveloj >e Co., 62 John Street,
advertise in another column a copying 1 >ook which they claim
must win general favor in business circles as its merits become
known.
By some process, known only to the manufacturers,
a perpetually moist book is produced; water and brush can be
dispensed with, and uniform and distinct copies quickly made.
The claims of the book are vouched for by cashiers of prom¬
have
are
inent banks and others.
—The Homstake Mining Co. announces its seventy-fifth div¬
idend of $25,000, payable at San Francisco or at the transfer
of Messrs. Lounsbery & Co., 15 Broad St., N. Y.
Auction Sales.—The following, seldom or never sold at the
Stock Exchange, were sold at auction this week by Messrs.
agency
Adrian H. Muller & Son:
Shares.
60 Carter Medicine Co
153
6 American Exch. Nat. Bk.115
20 7tli Ward Bank
95
5 Manufaot’rs & Builders’
112
Fire Ins. Co
16 Union Ferry Co
146^2
83l3 2d Av. RR. Co.. .185^2-18458
400 Brooklyn City RR. Co.. .216
38 N.Y.Guar’yA Indem’y Co.l0m2
60 Manhattan Tel. Co
lot $2
Bonds.
$7,000 N. Y. City 6 p.c. Cent’l
Pk. F’d.dne 1887.1075sAint.
$5,000 Terre Haute A Indian¬
apolis 1st, 7s. due 1893.1145s
$650 Central RR. Co. of N. J.,
6s. Conv. deb. bd. scrip. 72
$3,100 Nassau Gas-Light Co.
of Brooklyn, certificates 68
Bonds.
$1,500 South Side RR. Co. of
Long Island. 1st, 7s
103
$5,000 2d Ave. RR. Ox, 7s. ..1051*
$50 Clies. A Ohio RR. Co. 1st
preferred scrip
10
$20 Ches. & Ohio RR. Co. 2d
preferred scrip
7
$7,000 Bklyn. Flat’ll A Coney
Isl. RR. Co., 1st,
7s, due
1898
91*3
$2,000 Dry Dock E. B’d way A
Battery RR.Co..6s.8erip.1031*
$5,000 Kemble Coal & IronCo.
Consol. Mortg. B’nds, lot, $90
$85,350 Mo. Kansas & Texas
RR. Co. coup, scrip 34 to 32*4
$2,000 State of Ga. 7s, Coup.
Bouts (Mo.-t/. on West’n
A Atlantic RR.l.duc’Se.lOl^
THE CHRONICLE
546
35be JlSauhers' (gazette.
DIVIDENDS.
Tho following
dividends have recently been
When
Per
Gent.
Name of Company.
announced :
Payable.
Railroad*.
Boston Concord & Montreal
Oafawi^sa prof
North Penns* lvania (quar.)
NEW
3
prof
3ia
2
Nov.
Nov.
Nov.
YORK. FRIDAY.
B >ofcg Closed.
(Days inclusive )
15 Nov. 6 to
18
25 Nov. 13 to Nov.
19
reichmarks, 94b£(®94?8 and 94^@95; guilders, 39^8 @39% and
39% @ 40.
The following were the rates of domestic exchange on New
York at the under-mentioned cities to-day: Savannah, buying
% discount, selling % discount @ par; Charleston buying
3-16@,/;£ discount, selling par @ % premium; Boston 5
discount @5 premium; New Orleans commercial, 50 dis¬
count ; bank, 100 premium ; St. Louis, 75 premium ; Chicago,
60 premium.
The posted rates of leading bankers are as follows :
Market and Financial Situation.—During the
-early days of the week attention was still so deeply engrossed
with the Presidential contest that business was much neglect-d.
It was not until Thursday—nine days after the election—that
the public mind became satisfied that there was no longer any
uncertainty as to the result, and that there was no possibility
of a renewed performance of the wretched drama of 1876.
Nothing kills business like uncertainty, and it was this influ¬
ence which put a damper on business during the past ten days.
The railroad earnings for the first week of November are
particularly unfavorable, owing to the excitement throughout
the country during that week, and the remaining weeks of the
month will probably be better.
But as to any decided
improvement in the
net income of the railroads,
there has been little reason
to expect it before the
close of navigation ;
then the lake and canal rates no
longer come in competition, and the trunk line managers can
establish and maintain rates if they determine to do so. The
close of lake navigation, in a certain sense, also reduces the
number of trunk lines out of New York by two, as neither
the West Shore nor the Lackawanna have any lines of their
own west of Buffalo, and hence a determination to maintain
rates by the managers of all lines west from Buffalo must
then settle the question.
With the political contest settled: with the expenses of rail¬
roads reduced to the lowest point, and winter freight-rates
thoroughly maintained; with adjustments made by a number
Sixty Pays Demand.
November 14.
NOV. 14. 1884-5 P. M.
The Money
[Voi. XXXIX.
4 81
Prime bankers'sterling bills on London
Prime commercial ...b.
Documentary commercial
Paris (francs)
Amsterdam (guilders)
Frankfort or Bremen (reichmarks)
4
71^
85
5*2213
5 25
Coins.—The following are quotations in
coins
4
4 7883
39%
4(<%
94 q
94%
gold for various
:
$4 84
3 86
Sovereigns
Napoleons
X X Reichmarks. 4
X Guilders
3
8 >an’hDoubloons. 15
Max. Doubloons..35
1
F »ie silver bars
Fine gold bars.;..
D mes&
dimes. —
..
-$$4 83
H> 3 90
74 ® 4 78
96 9 4 OO
55 ®15 65
55 ®15 65
071*® l 09
par® *4 prtm
99*2®
Silver *4S and ^s.
Five francs
Mexican dollars..
Do uncommerc’l.
Peru viau soles
—
—
—
—
—
99
92*3®
85
®
^4^®
78 ®
English silver
4 78
U. 8. trade dollars — 86
U. 8. silver dollars
—
<1
®
1)9%,
t
par.
04%
—
—
—
—
4 >4
-
—
par.
par
United States Bonds.—The transactions in
governments
slightly increased over the previous week, though still on a
moderate scale. Prices were not so well sustained, and
close a trifle lower than last Friday’s quotations.
The closing prices at the N. Y. Board have been as folio wn
were
very
Interest
Periods.
41*8,1891
8.
113
*113 34
1221b 121 ^2
122
*121 34
*
10013 lO'J^
*126
*126
*127
*127
reg. Q.-Mar. *112%
4*48,1891
coup.
4s, 1907
reg
coup.
4s, 1907
3s, option U. 8—reg.
6s,our’oy, '95 — reg
6s, our’oy, '96—reg
6s,our'oy, '97—reg.
63,our’oy. '98 — reg
6s,our'cy. '99.. .reg.
*
Xov.
10.
Xov.
This is the price
Q.-Mar.
Q.-Jan.
Q.-Jan.
Q.-Feb.
J.
J.
J.
J.
J.
&
&
&
&
&
*111
J.
J.
J. *130
J *191
J *132
*
*130
*1 3 i
*
132
Xov.
11.
Xov.
12
Xov.
13.
Xev.
14.
*11258 *112% *11234 11 2 7q
*1138* 11378 *11334 *113%
*121% 121% 121 % ■'121%
12182 121
*1*1% 121%
-100% *1 U% i 00% 100%
v
*126
*127
*130
*131
*32
*;20
*i 27
*! 30
*131
*132.
*126
*127
*131
*132
*133
*126
*127
*131
*132
*133
bid at the morning board; no sale was made.
principal corporations now embarrassed; and with the
State and Railroad Bonds.—State bonds show small sales,
banks and trust companies overflowing with money that is
embracing $1,000 Missouri 6s, 1886, at 104%; $2,000 Smth
waiting for investment, it seems quite possible that there
of the
should be
a
revival to
some
extent in Stock Exchange business
general revival in mercantile affairs
greatly hoped for.
Rates for call loans during the week on stock and bond col¬
laterals have ranged at \4 to 2 per cent and to-day at 1 (5 2
per cent.
Prime commercial paper is quoted at 5(5)6 per cent.
The Bank of England weekly statement on Thursday showed
a gain in specie of £21,000, and the percentage of reserve to
liabilities
was
35%, against 34 5-16 last week ; the dis¬
count rate remains at 5 per cent.
The Bank of France lost
10,500,000 francs in gold and gained 500,000 francs in silver.
The New York Clearing House banks, in their statement of
Nov. 8, showed an increase in surplus reserve of $2,914,025,
the surplus being $34,185,475, against $31,271,450 the previous
before
we see
which is
that more
so
week.
The
the previous
comparison with the two preceding years in the
of the New York Clearing House banks. *
following table shows the changes from
week and
averages
a
Loan? and dis
8pocio
Circulation
..
deposits..
Legal tenders.
Net
1884.
DifTcr'nces fr'm
Xov. 8.
Previous Week.
*290.28 r.90
Dec
80.166.80C 1 ne.
i2.NO0.290 Dec
3;'.08i.l*i Inc
33.28.V7 < me
Reserve held
$'9,271,025
1 13.156,500
Inc
Inc
Surplus
$31,125,17
Inc
Legal
reserve
.
.
1882
Xov. LI.
1883.
Xov. .0.
*1.436.200 * 121,944,900 *315.454 ,?0* 1
4S.823 .50 •
54,195.9 it
2.736,700
IS \ loO
1 0!U.7< O
1
5,409,5
•’
1 8.1 PM
451,000
25,19 3,30"
283.2o»: ,‘?0 1
IS.95 < 100
*273.67.'
*77.618.425
79.38J.200
*70,801 55' *
07, 76 6:0
3,187,700
$ Y»n,025
31 O.f 9 1.7O0
*1,7-10 775 df. *3,02 1 950
Exchange. —Sterling exchange was again dull and unsettled,
inquiry limited. Bankers' posted rates were reduced
%c. on Monday, but on Thursday the rate for long bills was
advanced )7c., narrowing the difference between long and
sight bills, and to-dav, Friday, another advance of }4 cent was.
made on both long and short sterling. Commercial bills were
in limited supply, but bankers' bills were freely offered early
and the
in the week.
To-day tiie rates on actual business were as follows,
days sterling, 4 8)14@4 80%; demand, 4 S4@4
Cables, 4 84%'@ 1 85. Commercial bills were 4 78(54 78%.
tinental bills were: Francs, 5 25(55 25% and 5 22%@5
B inkers' 60
viz.:
84,14.
Con¬
23%;
Carolina Brown consol. 6s. at 106 ; $1,000 Louisiana
consol, at
$6,000 Alabama, Class A, at 80.
Railroad bonds have been moderately active and irregular,
some classes advancing, but as a rule the tone was weak in
73
;
the first few days, and has since been stronger, in sympathy
with stocks.
The
Denver firsts and consols have recov¬
ered part of their decline.
West Shore firsts have not been
native, and close about steady. Erie seconds have been
advancing early in the week and afterward
declining, but closing to-day at 51%, against 50% last Friday.
West Shore 5s close at 40%, against 40% ; Denver & Rio
Grande firsts at 78%, against 76% bid; do. consols at 46,
very
active at times,
against 42 bid; East Tennessee incomes, after considerable
sales, close at 12%, against 11%; Erie consol, gold 7s at 111%
bid, against 109% ; Mo. Kansas & Texas general mort. 6s at
70%, against 67 ; do. consol. 7s at 103/g, against 100.
Railroad and Miscellaneous Stocks.—The stock market
has presented some peculiar features the past week : there was
no decided or important movcm nt one way or the other for
several days, but prices fluctuated up or down, according to the
influence of local operations, which were directed toward indi¬
vidual stocks and had but a secondary effect on the general
market. The speculation earl}’ in the week was very irregular,
but generally showed a downward tendency.
Afterwards
more strength was manifested, and on Thursday the whole list
advanced steadily, and the improvement was continued to-day
until the highest prices were reached that have been made for
some days past.
In the general railroad situation there is little new to report.
Th? war in west-bound passenger rates continues, and a fur¬
ther cut was made early in the week: but this is getting to be
an old story, and
it also exerts less influence from the fact
that tin* difficulties may be settled any day, and in all proba¬
bility must be settled soon. A meeting of trunk line presidents
this week ordered the maintenance of all east-bound freight
rates from Chicago, which had be ome demoralized, and were
actually much below the tariff of 25 cents per 100 lbs.
Considerable interest has been shown in the speculation
in Union Pacific, the weakness of which, noted last week, was
continued for a few days; but latterly it has advanced on
favorable statements made by President Adams and reported
buying by Gould pat ties.
Tie Reading-Jersey Central difficulties are still unsettled,
and it seems to be generally conceded now that the dividend
cannot be met on Dec. 1 unless the managers in some way
borrow the money to pay it: the receivers have declined to
pay the dividend.
At the close to-day the tone of the market was strong and
prices at or near the highest points reached.
November
THE
15, 1884.J
HIGHEST
Saturday,
RAILROADS.
Albany <fc Susquehanna
Boston A N. Y. Air-Line, pref.
Burlington (Jed. Rapids isNo.
Canadian Pacific
Canada Southern
Cedar Falls & Minnesota..
Central of New J ersoy—
Central Pacific
Chesapeake <fe Ohio
Do
Do
Nov.
8.
86
*80
Monday,
Tuesday,
Nov. 10.
Nov. li.
*43
*29
-9
94
414
35
*5
29 4
*8
41
31
42 4
30 V
314
*5V
*9 4
*04
V
11
*04
......
Chicago Burlington A Quincy.
Chicago Milwaukee & St.
Do
:
Chicago <fe Northwestern
117 V 118V 117V
734
7 3 V 754 1
*1034 104 4! 104
1
83 4
S3 4 854
pref
Do
Chicago St. Paul Minn. & Om.
pref
Cleveland Col. <"inn. A Ind
Cleveland A Pittsburg, guar..
Delaware Lackawanna A West
Denver & Rio Grande
Dubuque A Sioux City
East Tennessee Va. it Ga
Do
pref.
Do
Evansville it Terre llaute
Green Ray Winona A St. Paul
Harlem. pro:
Houston iv Texas Central
Illinois Central
Do
leased line 4 p.c
Indiana Bloomingt’n it West’n
Lake Erie it Western
Lake Shore
Long Island
Louisville it Nashville
114 V 111 4 I 1094
'"7*
*7
*
10 4 19
27 V
28 V 28 V
804 80 4
*33
35
......
1014 103 4
8V
8V
i"o"i 4
4 4
'34
4
04
04
*4 4
5 >2
94
94
414
62 4
414 I
34 4 !
041
11
8
5
10
’O’V
......
......
......
......
28
*31
4
30
115
t41
434
104
32 V
*5
04
304
94
304
9V
40
33 V
*5
404
34
31V
G
0
104
*9V 10 V
*9V 104
8
7
7
*0 4
8
*12G
128
130
127
127
118
119 V
1174 1174 118
73 V
744 ! 73
734 75
104
-103
*103
104
104
S3 4
80
83
83 V
85 V
123 4 ' 12041224 1204 122
1104 ! 1114 1114 109V 109 V
*7
8
*10b> 18
27 V
27
27 4 27 V
274
80
80
88
80
88
.....
*i>4
'OV
......
4
4
U4
4
G4
G4
......
103 4 104 4
9V
9 4
-i
7V
32
5 V
......
......
.
30
114
32
137 V 137 V 137 4 1374
102
1034! I024 103V
9 V
94
9V
94
;>t>
00
5G
55
102 V
8V
8 4
04
*30
*9 4
......
30
30
114
114
......
113 4 1134
32
*114
*25
115
OJ
115
iiv *iTv
"l'i” *12'*
03 4
09 4
59
Do
pref.
Missouri Kansas A Texas
Missouri Pacific
Mobile it Ohio
Morris it Essex
N ash v.Chattanooga it st. Louis
New York Central A. Hudson.
New York Chic, it St. Louis...
Do
pref.
New York Lack, it Western...
New York Lake Erie it West.
Do
pref.
New York it New England
New York New i 1 aven it 11 art.
New York Ontario it Western.
New York Susq. it Western...
Do
prof.
Norfolk A Western
Do
pref
Northern Pacific
Do
pref
....
...
034
004
224
244
0*4 V *0*6 v
05 V
23 4
10
24
694 7i
704
35
115 V
130
50
10
30V
10
41
41V
12,359
3o 4
34,920
34
*0
10
V
G
10V
8
......
120
121
74V
704
105 V 105 V
80 V 81'
123
124
1114 1114
8
*7
*10 4
28
18
884
89
35
35
8
8
......
.....
5
185
5
*2u
14 4
90 4
714
4
......
59
*05 V
G2 4
23 V
244
4
185
314 3J 4
117
117
*11*4 *11*4 *1*2** ’
05 4
01
24 V
GG4
024
21 4
.
900
13 4
914
904
91V
91V
54
12-4
114
*24
*94
......
......
*174
41V
Ohio it Mississippi
Ohio Southern
10V
834
72
714
70
72
......
*34
35
85 4
844
.....
......
.
......
.
...
124
20 V
10
"l 2"
114
12 4
20 V
10
11 V
24 V
244
254
71V
*53
14V
914
......
*53
114
114
*104
l‘»0,G00
1,735
514 i
Philadelphia it Reading
Pittsburg Ft. Wayne it Chic...
Rich, it Alleg., st’k trust ctfs..
Richmond it Danville
Richmond it W’t P’t Terminal
Rochester it Pittsburg
Rome Watertown it Ogdensb..
St. Louis Alton it Terre Haute
Do
pref.
St. Louis it Sau Francisco
pref.
18 4!
424!
*
17 4
4
0
14
2V
'25
14
92
*G 4
14 4
93
9
......
30
80
*34
85 V
......
20
14 V
92 4
*G 4
r
Dr
pref.
IUIS< RLUNEOI S.
Amerh an Tel. it Cable Co
Ranke ia' it Merchants' Tel
Colorado Coal it Iron
Delaware it Hudson Canal
Mutual Union Telegraph
New York it Texas Land Co
Oregon Improvement Co
Oregon Railway it Nav. Co
Pacific Mail
Pullman Palace Car Co
Quicksilver Mining
Do
pref
|
1G 4
12 V
12 4
*
12 Hj ia
2d
127
127
30
85 'b
2,025 110
103,541
22,7 12
25 4
1/200
12 V
204
IzV
204
10
10
804
12 V
85 V
54
iiv
10
10
8G4
12 4
......
179 4 180
*11
*24
*9 4
17*4
*18*’
41 4
2 V
*10
42 4
42
2 V
2
*7
80
12 4
28 V
94
liv
V
1G -2
*1IV
~2-*h
3 4
10 v
"94
*18 V
18 V
42 V
2
154
924
924
42
2
V
V
11V
27
10 v
934
9V
iiv
12 4
*22
12 V
12 4
23
'"
"24
12 4
*12 4
12
13
224
120 V 120 V
224
*12
*1*24
12 V
13
-22 V
88 4
5 4
.....
874
894
*5 4
0
*7
8t>
13
28 V
10
i2v
274
114
*24
*94
34
10
*18 *
42 4
2V
18 V
424
2 V
104
9V
9
‘12V
12-4
12 4
23
13
224
13 v
27 4
34
*20
*39
21
21
84 4
70 4
80 V
80 V
80
94
94
494
79 b.
Si >4
U4
474
40
48-4
*4 4
11
114
114
48
f>
*11
*34
34
41
;>
11 “4
4
8<h
80
9
80
9 L
494
*7
4
834
84
84
21
•U)
88
88
S3'
11*4
82
94
49 4
*4 4
*11
81 4
82
94
0-4
22
10 4
*81
4
4
814
85
82.
82
04
04
51
5
50 4
5
51
5
514
114
11*4
11*4
11*4
514
54 4
84 4
8
85
8
85
10 'g
10 4
51
lit)
44
30
5< '8
59 ;,4
48
lit)
104
1G 4
GO
GO
70
•494 50
108
108 4
094
484 404
1084 100
714
714
50
51 4
704
504
100
*3
lo84 108 4
*3
*T
504
*130
*130
13;'
03
02 4 02 L>
*51
“
*51
54
*10G
110
110
,
American
United States
Wells, Fargo * Co
51 4
135
03
54
110
57 4
*130
93
*51
*100
584
135
91
54
110
58 *4
*130
944
*51
105
5!) 4
135
94 4
54
110
’5{j”
130
0 4
*51
*100
51 4
100
44
135
05
54
110
015
502
17
34
10
100
18 4
43 4
24
11
10
087
25,727
1,240
900
350
13V
124
25
55
210
33
22
41
87
200
730
1,000
388
83
11
53 4
249,222
Ht
450
200
n
4
8
4
8
80 4
874
134
14
1*7 *
184
72
75
51
514
109 4 HO
*3
44
30
"go"
134
94
*51
*105
GI4
1,340
7,870
100
200
142
*
The-ie
19
194
19
Coal
are
the prices
bid and asked
;
no
sale
was
made at the Board.
194
12
11
5
Jan.11
Mar. lr
82
84 Feb. 15
86
Feb. 15
7
Felt. 8
Jan.
Nov. 14
Jan.
4
Feb. 13
Mar. 1
Nov.
Jan.
Jan.
Jan.
11
22
21
23
35
07
Jan.
4
Aug. 20
934 Apr. 7
05
Aug. 21
79
Aug. 22
84
325
110
*’*10
144
Tl2
75
13ft
78
75
48 7®
474
20
8
June27
June24
175
July 7
7
Juno2'
24 Oct. 9
9 4 Aug. 2o
10
Jan. 20
21
14
Nov. 3
June 27
37 4 Juno 27
14 June IS
144 May 14
5
June It
8*4 Allg. s
6 4 J one 2G
7
June2(1
20V Nov.
1
10
71V
17V
684
90
61
; 88
13
23 V'
23
85 V14 34
27
128
137 V
lloS4 129V
91»4 108V
115
122 V
1154 140V
134
157
1164 127 V
104 22
33
57 V
30
91
54
5
5*6"
124
77
16
44
Jan.
7
Apr. 10
184 Jan. 7
304 P’eb. 11
234 Jan. 5
71
Mar.
174 Apr.
184
May
104 Jan.
0
8
4
1
7
Feb. 28
184 P’eb. l(i
124 Nov. 3
42
27
P’eb. 15
Jan. 7
57 4 Jan. 7
4 4Sept. 5>
254 Mar. 17
11V Oct.
7
24 Mar. 22
344 Jan. 7
17V Aug. 20
604 Feb. 23
01
32
Feb. 11
P’eb. 15
10 4 Feb. 4
24
50
Mar. 21
Mar. 17
90
Fell.
5
29 4 Aug. 22
50 Mar. Is
964 Apr. 10
32V Jan
9
90
99
Jan. 20
Jau.
28
4
9
J une 3)
June 2.
.Tan. 7
2238Feb. 11
84 **8 Feb. 10
1934Jau. 7
May 21
32
49
May 11
1
7
5
614 Jan. h
17 12734 Apr. 10
Oct.
June 27
120
87
45
98
35 V
40»j.
33V
7e
8CV
68 V
30
38
80
38
68
53 V„
90
53
924
58
174 Mar. 17
July 1:7 137
June 2. 102
Apr. 24
Mar. 2G
7
014 P’eb.
May 17
May 2 b 1115
Feb. 13
June 23 80*4 Jan.
7
10
Oct. 25
Oct. 25
p'eb. 1G
Juno 13 152
10
35
16 4
33
194
86
10
120
504
1114
7
134
83 4
26 4,
72
174
169
154
44
14
10
32
234
494
114
95 V
100 V
18
48 V
30 V
08 4t34 4.
106 4k
19 V
129 V
64 V.
129 V
15 V.
35
89V
40 V
83
52 V
183
29 V
84
21V
18
49 V
53 V
90-V
14 V
3fc‘ V
14 V
32
294 89
28
12
464 61 V
1294 138
4
15V
72
47
39
21
23.
14
34
15
85
35
105
80
36
V
204
5.t V
40
100 V
87
40 4
33
97 V
90
109 V
94
43
174
704 104 V
36 V
15
294 57 V
2
21
7
19
09 •’V
57
1184 1404
39 V14
102 4 112 V
15
55
56
25
125
91V-
150
44 V
1124 134
945
90
28
30
464^
714
88 V v
1284 135
94 V*
88
65 Va
55 4
128
113
784
140
38
7 24 4 So.pt.22
31
11
63 P'eb. 11
Mar. 4! 138
12 145
Oct.
G I 13
1 1 24
24 130 June 13 j 90
15 90 Jan. 9; I 90
18 1404 Apr. 18! 1394
.
33
P’eb.
137
Apr.
22
Oct.
115
J une
45
May
138
June
192 4 Jau.
8:1934 Mar. 21 1874
15
July 29! 21
Jam 24j 20
8
8
Mar. 251 11
Jan. 4
9
June 91 15
P'eb. 21 j 10
18
11
May 10 294 Jan. 29
2u4
P’eb. 19 201
Feb. 19- 200
I Lower price is ex-dividend.
148
1 84 V
55
Apr. 14
54Juno27
v
*82 V
76
77
Jan. 11
704 Oct. 20
10
Apr. 15
94 4 M ar 4
5
July 11
8A
1244 142
1114 131V
214 51V
92
77
44 11V
114 23
45
75
304*
135
05
55
113 V
124
J lined)
July 3
12
Juno 21:
1 4 .1 uly 2-1
14
Oct. 18
18
June 2
70
July 3
11 4 J illic it
2 4 4 3 une 3b
70
May 15
15
JuiiodO
86
“
65 4*
32
24 May 24
120
84 V
Mar. 18
Jan. 11
24
40
June 27
June 3<> 105
824 Oct. 18 114 P’eb. 11
10
174 Jan. 10
May 1(
Feb. 9
1224 Jan. 7 170
‘*350
84 J une 2:- 65 4 Jau. 7
112
Jau. 28
1,240 604 Juue2<
31
27,231
May It 5«34 Mar. 17
117
Jan. 7
90
2,479
May 2 i
64 Feb. 11
34 June 3<
324 Feb. 5
20
June2<
49
100,735
May Is 78 4 P'eb. 1G
100
94
12
200
100
144
94
3
16
1,700
134
91
55
115
142
5
10
127
13-.
234 Oct.
Maryland Coal......
Ontario Silver Mining
Pennsylvania
8
94 June 27
300
..
kcMmiugCo
July
10
Feb. 11
31
Oct. 22
7 4 June 23
17
J une 2 ’■
450
1,100
Chicago it Alton, pref
Oinu. samtusky it Cleveland
Columbia it Greenville, pref...
Joliet it Chicago
Louisiana it Mo. River
Rensselaer it Saratoga
tnited Companies of X. J
7
Jan.
Higto-
174
62
10
142
115
Feb. 1)
35
J une23 140
5134 j une 27
11‘,390
Atchison Topeka <t Santa Fe..
Duff. Pittsb. it West’n, pref...
Mississippi, pref
2
Jan.
634 May 2o 100 June21
64June20 134Mar.24
85 116
June27 127
Jan. 29
000! 30 Juno20 58
Mar. 14
131,880
834 Nov. 7 122 Mar. 13
135
5
July 1 104 Feb. 15
9
May 11 20»4 Feb. 14
195
83
June2)> 94 4 Apr. 12
19,090
114 June 27 284 Jan. 6
INACTIVE STOCKS.
New York Elevated
15
28
17
14 4
June 12
51
Oct. 25
M ay s
84
Nov. 14*185
June2H 51
094 Nov. 8
10
Aug. 20
13,725
10,100
1,400
*r>
714
30
GO
674 Jan. 10
204 Jan. 5
194 Jau. 7
03>*>8 Nov. 10 10434 51 ar. 4
02
May 24 784 Mar. 15
22 4 J une 2 1
514 Mar. 4
23
85
GOO
100
105
*1 u,
8
85
84 4
21
30 4
Jan. IS
Jau. 11
Low.
June2i
_
lo
300
300
114
‘2*.
..
EXPRESS?.
25
Oct.
32
*3 4
12
90
.
124 V 124 V
......
Vi
584 Jau. 18
577b Feb. 11
For Full
Year 1839
64 June27
9
000 i
254
......
<1
2 4
*7
84
Western Union Telegraph
horne t
6
30
! 4
10 185
400 I 20
10,290
Oct. 24
34 May 14
480
700
72 V
*25
......
......
......
"V *17V
18
42 4
2 V
10 4
1st pref.
Do
pref
fct. Paul Minneap. it Manitoba
Texas it Pacific
Union Pacific
Wabash St I ouis it Pacific....
Midland
52
“,000
1,100
7i4
114
12
20
15 V
Jan. 10
334 Aug. 20
100
Allg. 20
28
.uum 27
634 Mar. 14
A pi.
.1254.1 une 24 141
1
004 May 20 133 4 Mar. 1
25
I 64June23
4 Jan. 3
40
82
42
‘53
59
80
214June20
8O4 June27
280
......
>2
10 V
2
17
•
Jan. 80
Aug. 19
June 23 .1404 Feb.
June27 1274 Feb.
584 J uue27 94 4 jan.
330
95 4 June 27 119
a eb.
207,207 814 June23 124 Peb.
2,000 117
June 23 1494 Peb.
1,278 1004 June 23 1204 Peb.
0
Sept.20 134 J 'll.
4,353
237,580
"
Peoria Decatur it Evansville..
Virginia
7
118
107
.
12
08 4
......
”25” *25*
25
93 V
*7
10
80 4
13 4
27
10 >4
3
04
4
June 30
June 27
94 June 20
May 20
5
210
100
......
14 V
85 V
27
10 v
.
13 V
54
804
.
.....
15 V
834
00
GGV
10
iiv iiv
o,>
*8
25
93 4
*53
'54
123 V 123 V
*24
Ohio vt
30
5
840
115
154
58 4!
4V
June28
June27
244 June27
8
May 22
39*4 Oct. 25
2,800
lOi 4 105 V
9 4!
94
584
44
50
39
17
29
Highest.
135
126
July
804 Mar. 27 90
15
10V
*0 4
......
Lowest.
800
700
500
304
.....
-li 4
Ohio Central
Oregon Short Line
(Shares).
i 70
......
Minneapolis A St. Louis
44
7 V
34
5V
.....
,
......
Milwaukee L. Shore & West’n
Do
pref.
Friday,
Nov. 14.
Nov. 13.
12.
Range Since Jan. 1,1884.
Sales of
the Week
..
204
85 4
......
94
424
344
0
*xl20
117 V 117 4
*
74 V
73 V
104
104
84
82 V
122
1104 *109 4
.
24 4
Metropolitan Elevated'
Michigan Central
Aaams
PRICES.
'Wednesday j Thursday,
j Nov.
30
....
Manhattan Beach Co
Memphis it Charleston
Do
Do
LOWEST
......
Louisville New Albany it Chic.
Manhattan Elevated
Do
1st pref..
Do
common.
consol...
I)o
St. Paul it Duluth
1*1234
1234 124
Do
Chicago Rock Island <fc Pa
Chicago St. Louis A Pittsburg.
AND
130
11
1st pref
2d prof.
547
EXCI1ANHE PBICES FOB WEEK ENDING) NOV. 14, AND SINCE JAN. 1, 1881.
NEW YOBK STOCK.
STOCKS
CHRONICLE.
84 V*
*1*6*6”
494
684138
25
105
112V
145V
197
31V
19
17
35 V.
280Vi
rvoL. XXXIX,
CHRONICLE
THE
648
RAILROAD
BONDS, \OVEMBER B4, 1881.
STATE BONDS.
(QUOTATIONS OF STATE AND
i
| Ask.1
SECURITIES.
Bid.
Alabama—Class A, 1906.
Class B, 5s, 1906
Class C, 4s, 1906
79
’
98
j
78
102
2
10
10
10
10
08,10-208,1900
Arkansas—6s, funded—
7a, L. Rock A Ft. S. iss.
7a, Memp.A L.Rock RR
78, L. R.P.B.&N.O.RH
78, Miss. O. A R. R. RR.
7a, Arkansas Cent. RR.
Georgia—6s, 1886
7a. 1886
7a, gold, 1890
j
9
Asyl’ni
or
!
i
105
1
110
115
110
106
Ill
115
117
20
10
Univ., due ’92
Funding act.
1
1
103H:
108*2
Funding, 1894-95
1 Hannibal A St. Jo., ’86.
I Now York—6s, reg., 1887
6h, loan, 1891
1
fis, loan, 1892
6h, loan, 185)3
N. Caroliiiar—6s, old. J. AJ.
j
!
62
Ex-matured coupon
Missouri—6s, 1886
'
08, due 1889 or 1890....
,
.
!
3
100
103
109
71
! Louisiana—7s, qous.,1914
.
1866-1868
SECURITIES.
Bid.
N. Carolina—ContinuedNew bonds, J.AJ., ’92-8
18
Ask.
Bid.
SECURITIES.
j
!
•
i
i
i
1
Bid.
Del. L. A
Railroad Bonds.
W.—Contin’d—
4s,
113
BalLAO.—1st, 6s, Prk.Br.f
Boat. Hartf. & E.—1st, 7s
!
Guaranteed
i
----
Canal—1st, 7s
j
1st, 5s, 1921
General, 6s, 1924
Can. So.—1st, int. guar.
Reg., 5s, 1913
Central Iowa—1st,
6s
1
•
!
75
101
100
7s, ’99j
67
East. Div.—1st, 6s, 1912!
Ill. Div.—1st, 6s, 1912. J ---Char. Col. A Aug.—1st, 7s,
Ches. A O.—Pur.money fd. i - - - .
.J
Chea.O.As.W.—M. 5-6s...
|
j
Chicago A Alton—1st, 7s.
Sinking fund, 6s, 1903..
La. A Mo. Riv.—1st, 7s.
2d, 7s, 1900
St. L. Jack. A Chic.—1 st
1st, guar. (564), 7s, ’94
2d, (360), 7s, 1898
2d, guar. (188), 7s, ’98
Miss. R.Br’ge—1
130
Det.Mack.itMarq.—1st,6s,
Land grant, 3Hjs, S.A...i
E.T.Va.A Ga.—1st,7s,1900
1st, cons., 5s, 1930
102 *2
‘~
Divisional 5s, 1930
72
>4
20
;
'
I
92 Hi
<o
Miun.A St.L.-lstJs,1927
Iowa Ext.—1st, 7s, 1909,
1st, cons., fd coup., 7s..!
Reorg. 1st lion. Os, 1908j
Long I)ockb’nds, 7s,’93;
107
st. s.f.Osi
1st, leg.,
Collat’l trust,0s,1922. j
S.'W.—M .,6s, 1908|
1
A T. H.—1st, cons., Gs
;*8*9** I !!*.**..* i, Ev.
Mt.Vern’n—1st, Gs, 1923i
Denver Div.—4s, 1922..
Plain 4s, 1921
i;--;;- Fargo it So.—1st. 6s, 1924 j
125
,-*■"6*2 Fi’tig P.Marq.—M.Gs,1920j
C.R.I.& P.—6s, cp., 1917.
Gal. IIar.it S.Ant.—1st, 6s|
0s, reg.. 1917
j
103
2d, 7s, 1905
Keok.
Des M.—1st, 5hi
Mex. A Pac.—1st, 5s—!
Central of N. J.—1 st, 1890; 112 H
lstconsol.assented,1895),
Conv., assented, 7s, 1902!
Adjustment, 7s, 1903...!
1908..!
Leh.AW.B.—Con.g’d,as.|
lb
4th, s.fd., Gs,l 892
....
1st, 6s,
1965
N. ■Y .C. A St, L.~ 1st, 6s, 1921
2d, 6s, 1923
N.Y.W.Sh.A Buff.—Cp.,5s
, 9,
:—
*96
05
Sink, fund,
5s, 1929, reg
«
^
»
Debenture,
6s, 1897
N.Pac.—G.l.gr., l8t,cp.,6s
80
’
j
Shenand’hV.—1st,7s, 1909
General, 6s, 1921
Tex.Cen.—1st, s.f.. 78,1909
1st mort., 7s, 1911
Tol. Del. A
’
4*0 3g
*100
*
Sink’gfd. deb., 5s, 1933
25 years deb. 5s, 1909..
Registered
L.S.—1st,6s
Escanaba A
DesM.A Min’ap.—1st,7s
Iowa Midland—1st, 8s.. 1*2*6**
Peninsula—1st, conv. 7s *120
Chic. A Milw’kee—1st,7s 122
Win.<ft St.P.—1st, 7s, ’87 1063a
*112
2d, 7s, 1907
Mil. A Mad—1st,6s,1905 *112
C.C.C.AInd’s—lst,7s,s.fd. *119
119
Consol. 7 s, 1914
102
Consol, sink, fd., 7s,1914
General consol., 6s, 1934
C.St.P.M. A O.—Consol. 6s
C5.St.PAM.—1st,6s, 1918
No. Wis.—1st. 6s, 1930.
No
a
0
7s
Consol., reg., 2d.
Louis. West.—1st,
0
1
6s
!
I
Nashville— .;
| 113*4
Consol., 7s, 1898
88*2
Cecilian Br’cli—7s, 1907;
Louisville A
N.O.AMob.—1st,Gs,1930!
2d, 6s, 1930
1
!
79
N.—lsi, 6s, 1919!
80
General, 6s, 1930
Pensacola Div.—Gs,1920
St. L. Div.—1st, 6s, 1921
2d, 3s, 1980
Nashv. A Dec.—1st, 7s. 115
S.A N.Ala.—S.f.,68,1910
Louisv. C.A L.—6s, 1931
70
Trust bonds, 6s, 1922...
80
L.Erie A W.—1st. 6s, 1919
75
Sandusky Div.—6s, 1919
79
Laf.Bl.A M.—1st, 6s, 1919
Louisv.N.Alb.AC.—lstps
General mort.,6s. 1914.
'
;
80
87*2
......
::::"!
j
prices Fr.day; these are lateat quotations made
this -week.
Burl.—Main,6s
r
97
97
'Si Hj
104
50
100
100
25
-
-
-
•
•
Div.—6s, 1910
Tol.I*.AW.—1st, 78,1917
103
102
Hav.
WO, A
"
7
'
—
x
1st, St. L. Div., 7s,
2d. ext.. 7s, 1893
’89
Eqmpm’t bds, 7s, ’83.
Consol, conv., 7s, 1907
Q.A Tol.—1st,
\
)
68
6 '< '4
**8*6"
82 H,
. . . . .
Ind’polis Div.—Os, 1921
Gt.West’n—1st,
1)
7s, ’88
*65**
70
t
|
102
5) 1 Hj
90
....
*
...
102
90
103
7s, 1890
Han.A Naples—1st, 7s
Ill. A So.Ia.—1st,ex.,6s
**9*5Ii
St.L.K.C.AN.—R.e.,7s
Omaha
Clar’daBr.—68,1919
St.Cbas.Bge.—lst. 6s
Missouri—1st, 7s.
West.Un.Tel—1900,coup.
1900, reg
No.
N.W.
97H2 100
Div.—1st, 7s
,
75
108*2 no
105)
109
106
107
Telegraph—7s, 1904
"7*6"
67
MuLUn.Tel.—S.fd,6s, 1911
Spring Val. W.W.— 1st,6s
INCOME BONDS.
(Interest pauableif earned.)
Alleg’nyCont.—Inc.. 1912
14*2
15s*
E.T.V.AGa.—Inc.,6s,193I "ri"
Collateral Trust, 6s...!
do
58,1907
1
1 'Elizab. C. A Nor.—2d, inc. ♦
Kans.Pac.—1st, 6s,’95; 1()734 109 1 Gr.BayW.A St.P.—2d.inc.
1st, 6s, 1896
1 106*4‘107*-2
Consol., inc., 6s, 1921...
I)env.Div.6sfas’d,’99j 104 (104*4
16
Ind’sDec.A Spr’d—2d,inc.
1st, consol., 6s. 1919> 89 I 90
j Trust Co. certificates..
C.Br.UP.—F.c.,7s,’95j
85
Leli. A Wilkosb. Coal—*88
At.C.A P.—1st,Os, 1905'
81
79
Lake E.A W.—Inc.,7s, ’99
At. J. Co. A W— 1st, 6s
85
853b
i
Sand’kv Div.—Inc.,1920
Oreg. Short L.—1st. 6s;
Laf. Bl.AMun.—Inc.,7s,’99 *16
9134 100
Ut.So.—Gen., 7s, 19091
Exten., 1st, 7s, 1909'
45
Mo. Pac.—1st, cons., 6s.! "9*6* * ’ *9*6 *4 Mob. A O.—lst.prf., (lebon. •V
2d, pref., debentures
3d, 7s, 1906
| 98*2|
3d, pref., debentures
Tac. of Mo.—1st, 6s..J 104^105*2
O,'?
To
«01
1
4tb, pref., debentures ..
2d,
7s. 11891
N.Y.Lake E.AW.—Inc. 6s
St.L.A S.F.—2d, 6s, Cl A
'N.Y.P.A O.—l8t,inc.ac.,7s
3-6s, Class C, 1906....
4*3
Ohio Cent.—Income, 1920
3-6s, Class B, 1906....
II Min’l Div.—Inc.,7s,1921
1st, 6s, Pierce C. A O.
20
jObio So.—2d inc., 6s, 1921
Equipment, 7s, 1895..
Ogdens.A L.C.—Inc., 1920
Gen’lmort., 6s. 1931..
PeoriaD.AEv.—Inc., 1920
So. Pac. of Mo.—lst.Gs
Evansv.Div.—Inc., 1920
Tex.A Pac.—1st, 6s,1905
Peoria A Pek.Un.—Inc.,6s
Consol., 6s. 1905
k
*12*4
Atl. A Pac.—Inc.,
1910...
Central of N. J.-1908
Cent.Ia.—Coup. deb. certs.
|
15
**40**
30
'75**
57
30
......
E.H.A
’ll 6 *21
*
.
118
...
Long I si.
io6mi*oo*I
"
;
1 !
120
126
123 H
RR.—1st, 7s, ’98! il7*H
*99*2
1st, consol., 5s, 1931
j
114-*8
2d, 6s, 1923
Chic.AW.Ind.—1st, s.f., Os
Gen’lmort., 6s, 1932—
Col.A Green.—1st, 6s, 1916 [ ::::::
2d, 6s, 1926
60
CoLH.Val. A Tol.—1st, 5?
Del. L. A W—7s. conv., ’92
*1.2*8**
^Mortgage 7s, 1907
Byr.Bing.A N.Y.—1st,7s 120*2
*
i07 *4
1*1*6" ii'i *4
SLP.A S.C.—lst,6s,1919 *115*2
ChiC.A E.I11.—lst,s.f.,cur. k 105
Chic.SLL.A P.—1st,con.5s
Chic. A Atl.—1st, 6s, 1920
Consol., coup., 1st, 7s.
Consol., reg.. 1st, 7s...
Consol., coup., 2u, 7s..
1
j
•
117
118
12;
120
117
108
103
Ch.St.P.AM.—L.gr.inc.,0.3
Union Pacific—1 st, 6s ..1 11034 111
100*4 106*2 Chic. A E. Ill.—Inc., 1907
Land grants, 7s,’87-89 iw
113
DesM.A Ft.D.—1st,inc.,6s
Sinking funds, 88,’93.i 112
1
113
Det. Mack. A Marq.—Inc.
Reg 8s, 185)3
|
116
106
106
Wab.SLL.A Pac.—Gen’l 6s
Chic. Div.—5s, 15)10
So.Pac.ofN.Mex.-lst,6s
;
1103*4
117*21120
Det.M.A T—1st,7s,1906
Lake Shore—Div. bonds
j
.
103 V
113
6*8**
67
108
90
tine Div.—1st,Ga,1912
Sabine
lid.—M. inc., Os. 1927
Ya. Mid
83
108
N.O. Pac.—1st.
101-VlOlHs'
*
109
80
1st, Ter’l trust, 6s, 1910
T
I’ex.A N.O.—1st, 7s, 1905
*38
t
Lake Shore—
M. S. A N. I., s. f.. 7s ...
Cleve. A Tol.—Sink’g fd.
New bonds, 7s, 1886..
Cleve. P. A Asli.—78—
Buff. A Erie—New bds.
Kal. A W. Pigeon—1st..
109
j
101
j
101
1
94 34
94
102
.
-
ii6*4‘
Il6
2d, Os, 1931
*
Registered, 5s, 1931
N.Y.Susq.&West.—1 st, 6s
;
j
33
104
93
.
«
130
120
r
Dnl.—1st,5s, 1931
R’v—1st, 6s, 1920
St. P. A
So. Car.
L.Sup.Div.,5s. 1921
★
-
a
120
100
«-=■
Regist’d, gold, 7s, 1902.
Sinking fund, 6s, 1929..
Sink, fund, 6s, 1929, reg
Sinking fund, 5s, 1929..
-
1st. cons., 6s, reg., 1933.
Min’s Un—1st. 6s, 1922
127
Am.D’kAImp.—5s, 1921 j
Chic. Mil. A St. Paul—
I
119
112 Hj
1st, 8s, P. D
2d, 7 3-10, P.D., 1898...!
104 Hi
let, 7s, $ g.. R.D., 1902.1
55
let, LaC. Div., 7s, 1893.
00
1st, I. AM., 7s, 1897...
lst, I. A D., 7s,1899....
90
lat,C. AM., 7s, 1903...
'
Consol. 7s, 1905
| 68
119
121
Illinois Central—
1st, 7s, I.A D.Ext.,1908 no
112
Oregon Imp. Co.—1st, 6s. |
63
64
j Springfield Div.—Cp. 6s
let, S.W. Div., 6s, 1909. *J5
98 !|
Oreg’n RR. A Nav.—1st,6s; 108 *2 109 H
let, 5s, LaC. A Dav., 1919 IO6H2 10778 i Middle Div.—Reg., 5s....
Debeui
ures,
Is,
1884...
98
100
C.St.L.A N.O.—Ten.1.,7s
lat,8.Minn. Di v.,6s, 1910 110
118
A
Panama—S.f., sub.6s,1910!
;
1st, consol., 7s, 1897 ..: 118
1st, H. & D., 7s, 1910... 114
1 96*2
116
Peoria Dec. A Ev—1st. 6s
,|
2d, 6s, 1907
1
....
Chlc.A Pac.Div.,6s,1910
I
Evans.Div.—1st,6s, 1920
92 H*
93*2 94 J
Gold, 5s, 1951
i 105 ;:o534
1st,Chic. A P.W.,Ss.1921 *94
ho
Peoria A Pek.U’n—1st, 6s 100
j j Dub. A S. C.—2d Div., 7s 113
*2
Min’l Pt. Div., 5s, 1910.
114
i
Railroads—
Pacific
*95
Ced. F. A Minn.—1st, 7s! 112
C.&
92
*93*2 Ind. Bl. AW.—1st pref., 7si H14
j Central Pac.—G., Gs
1 109
Wis.A Min.I)iv..5s. 1921
105
98
70
San Joaquin Br.—6s..|
Terminal 5s, 1914 ....
1st, 4-5-6s, 1909'.
i 54 ‘ 55 V
98
Cal. A Oregon—1st, 6s
2d, 4-5-68, 1909
1
Chic. A Northwest.—
"9*9*
85
'
103V
Eastern
6s,
1921..
Div.,
j
Cal.
6s.;
;
A
Or.—Ker.
R,
Sink, fund, 7s, 1885
5)9
99* 102 i j
Land grant bonds, 6s. i . .
Consol, bonds, 7s, 1915. 131 *4,132 U Indianap.D.A Spr.—1st,7s
! 2d, 5s, 1911
!
West. Pac.—Bonds, 6s; 104
j 105
Extension bonds, 7s, ’85 103 V
109
No. If way (Cal.)—1st, 6s! 108
; 1.07
'
10334 104 • Int.AGt.No.—1st, 6s, gold
let. 7s. 1885...
i 77Hj j So. Pac. of Cal.
lst,6si 93 ! 94*2
Coupon, 6s, 1909
1
Coupon, gold, 7s, 1902.. *125
So.Pac.of Ariz’a—1st, 6s;
Kent’ky Cent.—M. 6s, 1911
71
-
......
St.P.Minn.A Man.—1st,7s
2d, Os. 1909
Dakota Ext.- Os, 1910..
1st. consol., 6s, 1933
-
y21
*
Registered, Os, 19:
50
6s, g., 1920
2d, 6s. 1923
j
85 Norf.AW.—Gen’l.Gs,
1931
Ilann. A St. Jos.—8s,conv.; 102*8 10234
New River—1st, 6s, 1932
Consol. Os, 1911
j HO
: Ohio
A Miss.—Consol, s.fd. 118
Houston A Texas Cent.—j
M
Consolidated 7s, 1898... 118
129
1st, M. L., 7s
109*2
: |
2d consolidated 7s, 1911
117
1st, Western Div.. 7s ... 104*2 105*2
1*0*3*
127
129
1st, Springlield Div., 7s
i! 1st, Waco A No., 7s
•
,*109
i:
Ohio Central—1st, 6s,1920 ...
117
2d, consol., maine lino,8s *112*2
1st, Term’l Tr., 6s, 1920 *...
11G34
[ j 2d, Waco A N o., 8s, 1915 —
'
117
1st, Min’l Div., 6s, 19211
i General, 6s, 1921
*
9 7 Ohio
nPrii1c* '7 j
So.—1st, 68,1921 .... *
126
125)34
118
119
Orog’nA Cal.—1st,6s, 1921!
ji 2d. 6s, 1913
! ....
Or.ATransc’l—Gs,’82-1922! 65
•
-
•108
2d, 7s. 1898
2d, guar., 7s, 1898
Pitts.B.A B.—1st, 6s, 1911
101*2
Midland of N.J.—1st, 6s
N. Y. N. H. A H.—1 st, rg.. 4 s
Nevada Central—1st, 6s
Ill
Pitts.—Cons.s.fd.
-
125
St.L.V.AT.H.—1st,g.,7s
129 "8
1903
Harlem—1st, 7s. coup...; 126 Hi
120*2
1st, 7s, reg., 1 GOO
N.Y. Elev’d—1st, 7s. 1906 *
107
99*2
2d, Gs. 1931
;
98 4 Gr’nBavW.A St.P.—1st,Os;
Gulf Cdl.it S.Fu-78, 1909!
*99
90 Hi
100
60
91
Clev.A
•
137
*139
135Hj 137
*
113
N.Y.P.A O.—Pr.l’n, 6s, ’95 *
N.Y.C.A N.—Gen., 6s, 1910,
31
31
Trust Co. receipts
103
N.Y. A. N. Kugl’d—1st, 7s
113*2
96
P.C.ASt.L.—1st, reg.,7s
2d, 78,1913
Pitts. Ft.W.A Chic.—1st
2d, 7s, 1912
3d, 7 Si 1912
'
Ask.
RR.—Continued—
Con., 1st, ext., 5s, 1922.
Rocb.A Pitt.—1st, Os.1921
119 ,120
120
!
Hud. Riv.—7 a,2d, s.f., ’85. 104
'---
B u ff. A
i
85 j 95
‘85 * 95
i 99
Registered
•
5l84
------
D. b. 5s, 1904
,
Butf.N.Y.AE —lst.19161 131
I------
Penn.
100*4
Bid.
.SECURITIES,
/I
1—
112 1 —
N. Y. L.K. A W.--New2d6
Ask.
_
.
118
10*53
Funding 5e, 1899
1(12
Consol., 1st, 6s, 1922
50Hj
Ricb.&Alleg.—lst,7s,1920
S’thw.Ext.—1st, 7s,1910, 113 :114
91
92
Rich.A Danv.—Cons.,g.,6s
Pac. Ext.—1st, 6s, 1921.1 101
,102
50
70
! 71
I
Debenture 6s, 1927
Mo.K.A T.—Gen’1,6s, 1920
8J '
55*8 55*2
Atl.A Cli.—lst,pf.,7s, ’97
General, 5s, 1920
100 *-2 101
Incomes, 1900
Cons. 7s, 1904-5-6
Scioto Val.—1st, cons., 7s.
Cons. 2d, iucome, 1911..
Ill"
102
St. L. A Iron Mt.—1st, 7s
H. A Cent. Mo.—1st, ’90
100
1*01
102
Mobile A Ohio—New 6s..
107-4 108
Col later’1 trust, 6s, 1892
Cairo A Fulton—1st, 7s 10434 105
1st, Extension, 6s, 1927,*--103
103*4
Cairo Ark. A T.—1st, 7s
Morgan’s La.A T.—1st, 6s
'
64
Gcn’lr’y & 1. gr., 5s, 1931
Nash.Cbat.A St.L.—1st,7s 115 V 116*2
115
t.L.Alton A T.H.—1st,7s
2d. 6s, 1901
|
112:
2d, pref., 7s, 1894
N. Y. Central—6s, 1887...
l‘«>434
0.1
H
10*6 I.
1 lifk 1
*101 *4 102
Deb. certs., ext’d 5s
*115
N.Y.C.AIL—1st, cp.,7s' 129Jg 131
109
11)9*2
-
1*1*8*
8
109Hj
Registered
2d, 7s, 1891
...
1913—! 94 V 043.
4
r 55
c4
Eliz.C.AN.—S.f.,deb.,c.,0s
1st, 6s, 1920
8 > ! 84
Eliz.Lex.A Big Sandy—6s
125
118 VI19 Hi Erie—1st, extended, 7s ...
106
108
118 ;4I
2d, extended, 5s, 1919 ..
102 *3
118 V 119
3d, extended, 4*2S, 1923
100 I
4th, extended, 5s, 1920.
J
i
115
J117
5tli, 7s, 1888
iii-Viu
117
1st, cons., gold, 7s, 1920
J
—
C.B.& Q.—Consoles, 1903j 1-8*2,12834
6a, sinking fund. 1901.. ----6b, debentures,
}
1104
la. Div.—S. fd., 5s, 1919
I
Sinking fund, 4s, 1919
I
Conv.dcbent. Os,
'
-
11 o
1910
Mil.L.S.AW.—1st,6s, 1921
I 37
35
;
Jack.Lau. ASag.—6s, *91.j
i Milw.A No.—1st, 6s,
1st, 6s, 1884-1913
;
H0*8
*102*2
Den.A RioG. West.—1st,Gs,
100
115*4
guar.7s,1906 *12^ j
! 4.'*4 iri4
1st, cons., gu., 6s, 1906
i
Registered
j
Rens. A Sar — 1st, cp.,7s; -^31
132
| 1st, reg., 7s, 1921
t 130*2
Denv.A Rio Gr.—1st, 1900:
79*4 ----j 4.»
1st, consol., 7s, 1910
40
Den.So.Pk.A Pac.-lst, 7s
81
83
"96*4
96 V
70 j
Registered, 5s, 1931
Registered
87’-.
,
no
40
5
3-65s, 1924
42
40
45*2
38*2
District of Columbia^
! 93*2 95
2d, Gs, 1899
;
Mex. Cent.—1st, 7s, 1911.
*35 j
Mich.Cent.- Cons.7s, 1902 121
(123
Consol. 5s, 1902
j 101*2 10134
i
6s; 1909
!
Coupon, 5s, 1931
*
-! 97 i
lst.cons.,
|----
5s,
6s, gold, series A, 1908
6a, gold, sones B, 1908
6s, currency, 1918
Mortgage 6s, 1911
2d, 7s. 1885
- - --
C.Rap.I.F.AN.—1st, 6s
Buff. N.Y. A P.—Cons.,
Susq.—1st, 7s ...i
;
77
----
i
—;
zl
4
N.Y.AM.B’h—lBt,7s.’97i
Marietta A Cin.—1st, 7s.. j
Metropolit’n El.—1st, 19081 107-V108
Ho
j I Registered, 7s, 1891
Bur.C.Rap.&No.—1st, os 163 j.----- | 1st, Pa.Div.,cp.,7s, 1917i
1st,
Pa.
Div., reg., 1917.j
Consol., 1st, 5s, 1931..., 85 j 8b
Alb. A
Registered
:
Minn.&St.L.—lst,7s.gu.
la.City. AWest.— 1 st,7s;
Manbat.B’ch Co.—7 s, 1909 i
* - - -
1st. ext., 7s, 1891
Coupon, 7s, 1894
|
!
_
LUIlMUUtUUIl,
Del. A Hud.
Bid.
7s 130V.
| 114V' -
Morris A Essex—1st,
2d, 7s. 1891
Ponds, 7s, 1900...
<Stock Exchange Prices.1
Ala. Central -1st, 6s, 1918
Alleg’y Cent.—IsLGs,1922
Atch.T.& S.Fe—4
1920
Sinking fund, 6s, 1911.
AtL A Pae.—1st, Gs, 1910
SECURITIES.
| Ask.
Bid.
SECURITIES.
Ask.
;
40-
BONDS.
RAILROAD
SECURITIES.
*83
SI
38
43
37
37
50
Virginia—6s, old
! ! 6s^ new, 1866
6s, consol, bonds
1
6s, ex-matured coupon.
6s, consol., 2d series
6s, deferred
105*4 107
105*2
O
23, 1869
non-fundable, 1888.
106*4
Brown consol’ll 6s, 1893
38*2
Tennessee—6s, old, 1892-8;
38
Gs, new, 1892-8-1900 ...I
6s, Act Mar.
Ask.
C’mp’miso,3-4-5-0s,1912
|
1
*8*2
Bid.
1 ! Tennessee—Continued—
! | 6s, new series, 1914 ....
4
Special tax. all classes..
Do
Wil.C.AKu.R.
Consol. 4s, 1910
6s, 1919
Ohio—6s, 1886
!
SECURITIES.
Ask.
,87
55
117
.
...•*•
5*»
a
23
......
r
90
79
Income A Id. gr., rog..
1st,Rio G.Div.,6s,15*30
do
assented
Pennsylvania RR.—
Pa.Co.’s giiar.4 Hjs,1 shop
Rocb.A Pittsb.—Inc.,1921
(Rome W. A Og.—Inc.. 7s.
So.Car.Ry.—Inc., 6s, 1931
St,L.AI.Mt.-lst,7s,pr.i.a.
St. L A. A T.
H.—Div. bds.
*26
57
.....
*
50
♦
40
H
November 15,
Quotations In Boston, Philadelphia and Baltimore.
New York Local Securities.
Iusnmuce Stock
Bank Stock List.
Marked thus (*) are: Par.
not National.
America*
Exchange...
Broadway
Amer.
Butchers’ & Drov’s’
Central
Chase
Chatham
Chemical
Citizens’
City
Commerce
Continental
Corn Exchange*....
East River....
Eleventh Ward*....
Filth
Filth Avenue*
First
Fourth
Fulton
Gallatin
Garfield
German American*.
German Exchange*
Germania*
Greenwich*
Hanover
Imj>. & Traders’
Irvmg
Leather Manuf’rs’..
Manhattan*
1
Marino
;
Market 5
Mechanics’
I
Mechanics’* Trade’1
Mercantile
!
Mercnants’
I
Merchants’ Exch.. J
Metropolis*
\
Metropolitan
1
Murray Hill*
List.
...j
New York
i
New York County .1
N. Y. Nat. Exch....!
Ninth
North America*
:
North Ri%'er*
Oriental*
,
Pacific*
i
Park
!
|
People’s*
i
Phenix
Produce*
I
!
I
Republic
St. Nicholas*
Seventh Ward
Second
Shoe * Leather
!
j
!
State ol New York*
Third
Tradesmen’s
Union
United States
Wall Street
West Side*
100
100
25
25
100
100
25
100
25
100
100
100
100
25
25
100
100
100
100
30
50
100
75
100
100
25
100
100
50
100
50
100
100
25
25
100
50
50
100
100
100
50
100
100
100
100
70
30
25
50
100
25
20
50
100
100
100
100
100
100
100
40
50
100
50
100
PRICE.
Bid.
;
150
116
235
140
j
COMPANIES.
Ask.;
Par
| American
120*4' Amer. Exchange...
Bowery
Broadway
Brooklyn
1
2000
1
260
144
100
150
*125
;ii7
!
!
!
Continental
Eagle
1 Empire City
i Exchange
)
1
1
1
1
400
Clinton
! Commercial
Farragut
M Firemen’s
75
II Firemen’s
40
Trust
Franklin & Emp..
German-American
Germania
1
1*1*6** ! 1*1*8 ’
120
112
.
.
Globe
100
50
50
j;
i
i
1
Scrip
N. Y. & N.
Hanover
Home
N. Mexico & So.
Howard
Irving
1 ncome
Old Colony—7s
6s
Pueblo & Ark.
(Bklyn.)
...
National
N. Y. Equitable
N. Y. Fire
...
Cinu.
North River
Pacific
Park
rotor
Cooper
People’s
Del. Lansing &
Standard
Star
Sterling
Stuyvesant
50
Williamsburg City.
200
150
Street.]
Par.
Brooklyn Gas-Light
Amount.
25
20
Metropolitan
100
1 000
25
Bonds
1,000
Bonds
Var’s
50
..
Bonds
Metropolitan (Bklvn.)...
Municipal
Bonds
Fulton Municipal..
Bonds
1,000
mm nun
.Ft
.
4,000,000; M.&N.
J. & J.
M.&N.
J. & J.
Quar.
1,000,000 A. & O.
1.000,000
400,000
100,000
1,000.000
1,000,000
3,000,000 Var’s
1,000
750,000 M.&N.
100 3,000,000
100
Bonds
1902
3,500.000 Quar. 2*4|0ct.l0,’84
1902
1,500,000 M.&N. 3
Sept. 1,’84
1.000,000( Var’s 2
700,000!M.&N. 2*4 May 1, ’84
100
100
Equitable
3
300,000 J. & J.
2,000,000
1,000 1,000,000
A. &
6J
Nov. 1,’84
5
3
June 2,’84
3 *31N ov. 1,’84
3
Oct. 1, ’84
2*4 Oct. 20’84
3
1900
3
July 1, *84
5
Oct. 3, ’84
1888
3*4
3
Oct. 15,»84
6
1900
6
Bid.
N’r 10,’84 127
88
July 1, ’84
a
700.000 F.& A.
1,000
Var’s
100
10
*
3*4 S’g F„ ’99
Aug. 1,'84
756.000;J. & J. 7*2 July 1, ’84
Oct. 3, ’84
4,000,000 Var’s 5
A.
2.500.000 E
Oct. 14, '84
5
0
20
50
100
Manhattan
5
3
Date.
259.000 A. & O.
no
Jersey City & Hoboken..
ojuh:
Period
2,000,000 Var’s
1.200,000 Var’s
1,000
Williamsburg
1*900
107
11 5
125
275
225
107
120
104
112
88
150
84
106
97
138
106
90
205
106
153
107
92
102
Ask.
130
90
no
125
140
285
232
123
106
115
90
155
86
no
100
142
no
94
210
108
no
93
105
[Quotations bj H. L. Grant, Broker, 145 Broadway.]
100
1st mort
1st mort
Brooklyn City—Stock*.*I
1st mort
Bklyn. Crosstown—Stock
1st mort. bonds
Bushw’kAv. (Bkln)—St’k
Central Crosstown—Stk.
1st mort
Cent.Pk.N.*
E.Riv.-*-Stk
1,000
100
1,000
10
1,000
100
1,000
100
100
1,000
100
Consol, mort. bonds
Christ’ph’r&lOth St—Stk
Bonds
1,000
DryDk.E.B.& Bat’y—Stk
100
1st mort., consol
Scrip
Eighth Av.—Stock
Scrip
42d & Gr’nd St.F’ry—Stk
1st mort
Houst.W.St.&P.F’y—Stk
100
1,000
3d mort
Consol
Sixth Av.—Stock
1st In OIL
Third Av.—Stock
1st mort
Twenty-third St.—Stock.
1st mort
column
800,000jJ. & T.
No., pref. 1
!
-
100
100
100
1,000
100
500
100
150,000
1,000
1,050,000
1,500,000
500,000
2,000,000
100
100
1,000
100
1,000
ti tws last
25*3
111
175
170
103*4 105
220
218
112
5
Jan., 1802 103
4
165
’84 160
Oct.,
112
7
Jan., 1888 105
O
167
162
Nov., ’84
160
1*4 Oct, 1, ’84 150
6
112*4
Nov.,1922 110
2
142
Oct. 1, ’84 139
121
7
Dec., 1902 119
135
130
1*4
110
116
7
u
’84 192*13 197*4
116*4
J. & D. 7
June, ’931 114
F.& A. 6
Feb., 1014; 104 1105*4
Q.—J. 2*4 Oct. I, ’34, 240 |265
F & A. 6
Feb., 19141 104 ; 105*4
Q.—F. 4
Oct., ’84, 245 j200
A. & O. 7
117
April, ’93; 112
150
Q.—F. 2
Nov., ’84i 145
111
113*4
J. & J. 7
July, ’94'
1,000,000
1,000,000
748,000
236,000
250,000
500,000
1,862,000 J. & J. 5
1,000
1,000
24
100
Shen. Val.—1st.
Gen’l 6s, 1921
A. & O.
M.&N.
M.& S.
J. & J.
Q.—F.
2,000,0001 J. & J.
600,0001 F. & A.
250,000 M.&N.
dividend
cn
7
7
5
7
6
7
4
7
...
July, ’84 190 1197
April, ’85 100 V 101 *4
May, ’88 105 )106
Nov., ’84 160 |
luly, ’90 no 1115
Nov., ’84 290 300
113
111
Jan.,
178
Aug., ’84 172
113
May, ’93 110
Hocls, but date of maturity of fconds.
Sunb. llaz. A
ib*3*
111
:io3*;
iiVf
112
no
116
106
i
117
| il6 *a
i
$
-
55
69•
70
245
37
93 41
1 L5 *4
94*
7s, 1909
50
W.—1st, 5s
66 *4
7(
Syr.Gen.it Corn.—1st, 7s.
Tex. & Pac.—1st, 6s, 1905
Consol., 6s, 19u5...
Uniou it Titusv.—1st, 7s.
United N. J.—Cons.6s,’94
Cons. 6s, gold, 1901
Cons. 6s, gold, 1908
Gen., 4s, told, 1923
Warren A F.—1st, 7 s,’96
West Chester—Cons. 7s..
W. Jersey—1st, 6s, cp.,’96
STOCKS, t
Allegheny Valley
Ashtabula & Pittsburg..
1st, 7s, 1899..
1909
Preferred
Cons. 6s,
Bell’s Gap
W.Jersej'&Atl.—lst,6s,C.
Buffalo N.Y. & Phil
Preferred
Camden & Atlantic
Preferred
Catawissa
1 st preferred
2d preferred
Delaware & Bound Brook
East Pennsylvania
Elmira & Williamsport..
Preferred
Penn.—6s, coup
6h, P. B., 1896
Gen., 7s, coup., 1901
Western
CANAL BONDS,
dies. A Del.—1st, 6s,1886
i 49
Lehigh Nav.—6s,reg.,’84.
Mort. KR., reg., 1897
Cons., 7s, reg., 1911
Pennsylv.—6s, cp., 1910..
Schuylk. Nav.—1st,6s,rg.
2d, 6s, reg., 1907
49
..
Huntiugd’n & Broad Top
Preferred
RAfLR’D STOCKS. Pai
Atlanta it Charlotte
Baltimore A Ohio
100
1st pref
Preferred
Little Schuylkill
Minehill & Sell. Haven...
2d
pref
Parkersburg Br
Norfolk & West’n—Com.
Preferred
Northern Central
North Pennsylvania
Pittsb.Cln.& St. L.—Com.
United N. J. Companies..
West Chester—Cons. pref.
50
Central Ohio— Com
50
Pref
*
60
Western
60*3
Maryland
50
13
RAILROAD BONDS.
106
Atlanta <fe Chari.—1st
Inc
ll*fe«ll*4
193
46
West Jersey
West Jersey A Atlantic
CANAL STOCK8.
Balt.itOhio—6s,,’85A.&t>
Cen. Ohio.—6s, lst,M.&S.
Chari. Col. A Aug.—1st..
-;
2d
Cin. Wash, it Balt.—lsts.
2ds
3ds
Columbian Grecnv.—lsts
2ds
Lehigh Navigation
No.Central—6s, ’85, J.&J.
6s, 1900, A. A O
Pennsvlvania
.
6s, gold. 1900. J.&J
RAILROAD BONDS.
5s, Series A
Allegh. Val.—7 3-10s, ’96
7s, E. ext., 1910
Inc. 7s, end., coup., ’94
Ashtab. A Pittsb.—1st,6s
1st, 6s, reg., 1908
Belvid’e Del.—1st,6s,1902
2d, 6s, 1885
3d, 6s, 1887
Bell’s Gap—1st, 7s, 1893.
1st, 6s, 1905
Consol., 6s, 1913
Buff. N.Y.& Phil.—1st,6s
2d, 7s, 1908....
113
105
106
106*4
107
70
1u4*4 104*3
113
120
31
121
85
l%
1(55
118
9
50
62
Pennsylvania
Philadelphia & Erie
Ger. & Norristown
Newtown A N.Y..
A Reading
Wilm. & Balt
100
BALTIMORE.
59*4
Lehigh Valley
t
122
Sunbury A Erie—1st, 7s
PHILADELPHIA.
* Ex-dividend.
120
I
118 *2'
128
99
2d, 68,1933
Schuylkill Nav., pref...
90
122
Income, 6s, 1923
Income, 5s, 1914
Portland Saco & Portsm
Rutland—Preferred
Summit Branch
Vermont & Mass
Worcester & Nashua
Wisconsin Central
Preferred
Phila.
Phila.
Phila.
Phila.
123
Pitts. Titus, it B.—7s,cp.
SliamokinV. it Potts.—7s
Colony
RAILROAD
102
7,1906
Phil.Wil.it Balt.—4s,tr.ct
Pitts.Cin.it St.L.—7s, reg
Nesquehoning Valley....
A. &0.
J. & J.
Q.-F.
Q.—J.
250.000! M.&N.
1,800,000 Q.—J.
1,200.000'J. & D.
650,000 Q — F.
250,000 A. &G.
1,200.000 O.—F. 2*4 Nov.,
200,000
400,000
500,000
600,000
500&c.
900,000
100 1,200,000
1st mort
Second Av.—Stock
900,000 J. & J.
34
34'July,
’84
700,000 J. & J. 7
July, 1900
2
Oct.
2,100,000 Q.-J.
1, ’84
1,500,000 J. & D. 5
June,1904
2,000,000! Q.—F. 3*4 Nov., ’84
'
BUdway & 7th A v.—St’k.
J
Northern of N. iiampsh.
Norwich & Worcester
Old
82
122
133
123
Pennsylv.—Gen., 6s, reg.
Gen., 6s, cp., 1910
Cons., 6s, reg., 1905—
Cons., 6s, coup., 1905...
Cons., 5s, reg., 1919
Pa. A N. Y. C.-7s, 1896.
Cons., 5s, 1920
)
i Phila. Newt. & N.Y.—1 sti
Phil. A R.—1st,6s, 1910..
2d, 7s, coup., 1893
!
'
Cons., 7s, reg., 1911
Cons., 7s, coup., 19 11!
Cons., 6s, g., 1.R.C.1911
Imp., 6s, g., coup., 1897
Gen., 6s, g., coup., 1908,
Gen., 7s, coup., 1908—I
Income, 78, coup., 1896;
Cons. 5s, 1st ser.,c.,1922
Cons. 5s, 2d ser.,c., 19331
Conv. Adj. Scrip, ’85-88;
Debenture
!! Scrip, 1832.coup., 189311
Conv., 7s, R. C., 1893..t
Conv. 7s, cp.off, Jan.,’85
•
Mexican Central
Nashua & Lowell—
N. Y. & New England
112
Cons., 6s, 1920
Metropolitan
Citizens’ Gas-L. fBklvn).
People’s (Bktyn.)
j
Louisiana & Mo. River..
Preferred
Maine Central
Manchester & Lawrence.
Marq. Houghi’n& Outon.
Preferred
90
113
6s,cp.’87
Phil.tfeErie—2d.7s,cp.,’88 110
Preferred
Westchester
103*4
Perkiomeu—1 st,
Iowa Falls & Sioux City.
Kan. C. Springf. & Mem.
Little liock & Ft. Smith.
United States
GAS COMPANIES.
Scrip
164 >4
Eastern, Mass
;
I
Fitchburg
Flint & pere Marquette.
Preferred
Fort Scott & Gulf...
Phenix
Rutger's
!
New York
115
Cleve.j
Concord
Connecticut River
Conn. & Passumpsic
Connotton Valley
City Railroad Stocks and Bonds.
[Gas Quotations by Gf.o. H. Pukntiss & Co., Brokers, 49 Wall
Bonds
Mutual (N. Y.)
Bonds
Nassau (Bklyn.)
Sandusky &
117
105
119
2d, 7s, cp. 1896
Gen., 7s, 1903
[ 122
Debenture 6s, reg
Norfolk A West.—Gen..6s
N. R. Div., 1st, 6s. 1932
Oil City& Chic.—1st, 6s..
Oil Creek—1st, 6s, coup..
—
Cheshire, preferred
Clue. & West Michigan..
*
115*3
Cons. 6s, C.& R., 1923..
N. O. Pac.—1st, 6s, 1920.
No. Penn.—1st, 6s, cp.,’85
Cam Grid-O
•Niagara
....;100
England—6s..
Sonora—7 s
STOCKS.
Atchison & Topeka
Atlantic & Pacific
Boston & Albany
Boston & Lowell
Boston & Maine
Boston & Providence
Boston Revere B. & Lynn I
' 105
50
145
37 V1 80
35
150
119
—
Val.—7s..
Rutland—6s, 1st
ilOO
i 40
con. c.
Chat. M., 10s, 1888
New 7s, reg. A coup
EL&Wmsp’t-l st,6s, 1910
5s, perpetual
Harrisb’g— 1st, 6s, 1883..
H.&B.T
1st, 7s, g., 1890
Cons. 5s, 1895
Ithaca* Ath.—1st, gld.,7s
Leli.V.—lst,6s,C.&R.,’98
2d, 7fi, reg., 1910
Pac.—7s
Ogdensb.tfe L.Ch.—Con.6s
..
12*6’
112 'ti
116*41
7s
Knickerbocker
Long Isl’d (B’klyn)
Lori Hard
Manufac. & Build.. 100
25
Mech. & Traders’
Mechanics’ (Bklyn)
Mercantile
Merchants’
Montauk (Bklyn.).. 50
Catawissa—1st; 7s,
Conncct’g 6s, op., 1900-04
Cor.Cowan& Airt.,deb.6s,
1 Delaware—6s, rg.& cp.,V.
IDel. A Bound Br —1st, 7s
East Penn.-v-lst, 7s, 1888
'East on (fcArub’y—5s, 1920
Mexican Central—7s
Income
1105
Kings C’nty (Bkn.).
150
150
100
116
Little R. & Ft. 8.—7s, 1st
K. City Sp’d & Mem.—6s
J efferson
25
Cons., 6 p. c
JCam. & Burl. Co.—6s,’97.
Fort Scott & Gulf—7s—
K. City Lawr. & So,—6s..
K. City St, Jo. & C. B.—7s
1125
115
Atl.—1st,7s,g.,’93
( 2d, 6s, 1904
East’rn, Mass.—6s, now..
Guardian
Hamilton
Nassau
Cam. A
..
Conn. & Passumpsic—7s.
Connotton Valley—6s
5s
105
1210
106
106*4 106*3
Mort., 6s, 1889
Nebraska, 6s...Exempt
Nebraska, Os.Non-ex’pt
Nebraska, 4s
Greenwich
1
Maine—7s
Albany—'7s
Ask
Bid.
Buff.Pitts.& W.—Gen.,6s
Cam. A Amboy—6s, c.,’89
.
6s
Boston & Lowell—7s...
6s
Boston & Providence—1 s
Burl. & Mo.—Ld. gr.,7s.
110
120
50
220
235
75
90
103
City
SECURITIES.
|Buff. N.Y. A P.—(Cout.)—
j Cons. 6s, 1921
I 1 st, Tr. 6s, 1922
BOSTON.
Atch. & Topeka—1st, 7s.
Land grant, 7s
Atlantic & Pacific—6s
Income
Boston &
Boston &
100
140
Citizens’
i
Ask.
140
100
140
170
!
>150
119
:
Bid.
Gas and
Bonds
Harlem
Bid. ' Ask.
SECURITIES.
[Prices by E. S. Bailey, 7 Pine St.]
PRICE.
COMPANIES.
519
THE CHRONICLE.
18S4.]
5s, Series B
Pittsb.&Con'ells.—7sJ&J
Union RR.—1st,gua.J&J
Canton endorsed
121
102
Virginia & Tenn.—5»
102 34
W.Md.—6s, 1st, g., J.&J.
Per share.
8s
2d, guar., J. & J
2d, guar. byW.Co.,J.&J.
6s, 3d, guar., J.&J
Wilm. C & Aug.—6s
Wil. & Weldon—Gold, 7s.
t In default.
14
12*4
106*4 107
75
SO
101
101 *9
106
106*3
104
85
bo"
95
95*2
58
60^
25 >4 26
94
93
ioi*4
115*4
60
il8*‘
11434 115*u
101*3
100
1(U
120
121*3
105
120
105
107*s
1*07*3;
109
1*1*2**
$ Last price this week.
EARNINWS.
RAILROAD
The latest railroad
latest date are given
earnings and the totals from
Jan. 1 to
below.
Latest
b evK or At*
Banks.
ler4.
18a3.
s
%
*
*
853.996
Mechanics’
Union
America
Plietiix
8,52 .',000
4,331,000
10,504.000
2,178.000
1,784,<‘00
7,903.600
3,029.900
Manhattan Co
City
Tradesmen’s
Chemical
Merchants’ Exch.
Gallatin National-..
Butchers’it Drov..
Mechanics’ <fe Tr...
North America
Hanover
Irving
Citizens’
Nassau
Market
St. Nicholas
slice & Leather..
Corn Exchange ...
.
Continental
oriental
k
North
River
East River
Fonttli National..
Centi-al National..
Second National..
Ninth National...
National
Third National
N. V. Nat. Exch
Bowery
N. Y. County
Peoria Dee <VEv
Pliila. k Erie
Plnla.it Kead’g/i
Do
C. k lrot
R chm'ditDauv.
(Mi. Col.Aug.
..
-cptember
352.26
■!
13 340
386,274' 2,(561.70 0
September 2,87.:.451 3.33 i.217 19 053,43 l
September 1.574.(507 1.861,194! Lg.010,951
October...
429,179, 429.8 i-l 3, l 3 ’>,73
Gu7,877
98.20 V
(letobiT...
9(5,7. 3
Columbian Or. <)ct"b« r...
Georgia I’ae. Oct' her...
(Jetobcr...
Va. Midland.
West. No. Oar ()ctob< r...
Rnch. k 1‘ittsb’j. 1st wk Nov
Rome Wat.it Og August,
8t.L.Alton&T.H Ltli wk (>ct
Do
(brehs.; st wk N v
St. L. Ft. S. <t W 1st wk Nov
St. L it San Fran. *st wk N11V
St. Pun!it DuTth 1st wk Nov
.
.
98.0 1 0.
(>5.9901
167,55 (5
86.247!
42,50 C
1 76.1
44,006
22,059:
176. -f 3,
41.176;
14,390!
Ip,3 10
171,406
47.8x9
14.8- 5
8.751;
8,58"
88.6-7 1
4 0.473
“
87,073 j
8t.P.Miu.it Man (ietober... 1,00 8,3854! 916.881!
140.294
1 57,35 1
South Carolina ()ct >her...
•14",0 M)|
153,0
feo.Pac Cal .N 1). August...
4 I.! Oi
282.- 8 .
Do So. Div./.'August
207. i 24/
130.(5 i 5
Do Arizona./ August
(>5.188!
62.994
Bo N. Mex / I Augu-t
1 9,<1107,0741
Texas A N. Ori’s ! September
6 .’,909
35,053
Bmi.-iuna W’n •Septcmlici
28,99!
34, -25;
Tex.A St. Lilli-./ 3d wk Ocl.!
2 »..V Oj
19 21 :
Tol. A. A. A N.M ,October...
Union Pacitic... September , l, 199.271;2,88 t 6 40|
104.768!
98.59 JI
Utah Central.
.-eptembet!
6 .,935
55,1 l t
Vieksb’rg A Mer. (Kv obe.-...'
27.495
4 6,77. )
Vicksb.Sli itl’ae. October.
4o;.o0o! 381,17:
Wall. St. 1
it !*.;'>d wk Oat
131.406!
110,"3
West Ji rsey
S •ptem'.i* i
3 l.On
3 » 5 >4
Wisconsin Cent’l 3d wk Oct.
.
.
including Utah lines alter July 1.
d Corpus cmisti to Saludo, i31 mih-s;
236 miles, J.a cdo to Saltillo.
e (,)nly
*
’,983
978.300
38..700
151,< 00
2,155,000
2.4 12,300
2,24 0,700
2,704,400
1,969,100
2.6*9,000
5,789,7oO
3,702,4 00
21,0()o
19,800
294,100
170,80"
2*3.000
658,000
334,000
2 .-5,000
765.10')
5 i ,3()0
389.000
fj0.>,0()0
l,i 83,600
109,000
2,500,600
1,759,000
2.992.000
417.900
1,7 06,30!)
1,368,300
1,423,000
610.000
531,976
83'',46:
4188,404
j
857.4o 1 (5 vs
07.5-00
■0*82.92
1.126,25
1,1 .5.7u4
embraced -onlv
13(5 miles now. bur prior
62,100
.......
1.320.900
21,934,. 00
20,692,000
1,535,0 >0
836,300
45,000
219.100
36U.OOO
13,620,-09
297,0(10-
4.740.000
177,-00
195.900
1,171.700
1,1*7 6,300
2,358.990
325, >00
498.900
78, ,00
115.400
1.952.100
2,4 l: ,3()0
076.900
792,900
3,045,600
021,200
110,000
2,420,700
1,087,300
1.820,700
3,044.400
.
595.200
175,9; 0
362.000
301.500
999,800
292,200
22,800
(-2,8 .0
1,570,000
949.600
1,071,900
.
138,100
72.900
169,.: 00
192,800
2O0.1U0
45.000
45,000
449,900
177,600
225,000
180,000
2,50 .’,600
4,! 5 4,0 )0
2,603,500
2,141,100
2,312.200
3.0-3,600
45,000-
4 37 200
4*3 990
1,816.900
175,300
133,300
832,400
1,0 16,000
00! 12,800,2. O
totals for several weeks past:
: L. Tenders.
Specie..
L, Tenders.
Specie.
$
5,047,600
5,789.30"
$
6,741,000
7,10 !,:.<)(>
7.29X.50U
Deposits.
<
Clear'qs
'irculation \ Aqq.
1
5,850,900
Deposits.1
of the Boston banks
Circulation! Aw. Clear1 gs
$
$
$
92,830,300 23.735.500 63,931,707
91,844,500 ■23,782.400! 58,811,46898,813,600 23.o0O.U0di 68,639,9)6
Philadelphia banks-
..J
27..
Nov.
3.. ...!
10.. ...'
Deposits.*
Lawful Money.
$
$
$
74,180,007
73,-*35,950
73,454,475
21,144,375
68,976,768
7*>, 16 S,44 i
8,0 44,828
22,357,140
*22,059,838
69.321,0 i5
|
Did.
Am. Bank Note Co
1
a m.Sale l)ep. per. dt-P.h.ls
Atlantic & l’av.—stock ...j
West. 1 >iv , l.->t inort
1 ncoiiics
C*nt. l)iv<. Lsr, * id
A
'
•
r
w l.
E.—New stock!
14
!
]s
(Id
Host. ii. T.3i West-.—»t’ck‘
1
Debeni arcs
:
Burt'. N. V. ik Plnla
1
Piet
Cent, ot
''
48
.
50
11
N. J.—- Dcbcnt
Com mental Const. I mp.co
Lu-nv A Rio Uiamle—Cons'
3m:4
I t M.,'
(1 -ear. by D. «t It. (i
! 3 Dy
EiliMin rJectt ic Li-lit,
! 40
(icorgia Pac.— -to_k
.....
1 st .lion.,
!
6s
2d inort
lvti. lv Motor
!
Mexit
]
an.
North. P:c. — Div. bonds..
Nor Ii ltiv. Cons.—100 p.c
Newb. Lutch.V Conn.. j>. et
Ohio x :«,*ni.—Kiv. 1m., 1st
IncO'i es
!
Pensacola k At law; ie
1 st .11011
0
1
Pitisntirg w. Western
1st
mol t
Iq
Po.-tal Telegraph—8lock.
1.-1 mo: t., 6s
7
Post al i’el.w Calile—-took
55 Southern TeL—Stock
1st mint
8taio of l enn.—se.'ni't.3s
3
St. Joseph W Westeru
St. Jo. w 1‘ac., l>t inert.
2d nii) l
Kans. it Neb., 1st meet.
4)‘.
National
Pier'
1st more
Mut.Un — -fell trust ells
Mich.
()., sob full
Mo. Pacific—Old stock
M. K.itT.—1 nco.ue s no J
X. V. M. Uu. Te .—Stock.
X. V. W. sh.,v P-.—Moci.
33^
13
85
^
29 81
35
8
•
2
5 “4
18 ■
7\
19
paid.j
J
.
3 ’
45
4
4 1,01
(.967
Bid.
73
7
Ask
76
9'
...
16
...
•fv
49
30*
78
2-’>s
29 »4
.....
.
.
3
4
3*4.
31
7
.....
.
.....
.....
90
50
15
100
38
...
...
2d inort
85
1
$
43,567.857
39,828,337
latest quotations for a
securitns.
sk.
19
4
Deuv.it Rio Gi. W
Den. K. G. it W.f
8,059,943
7,951,369
Clear1 gs
banks.”
Including the item “duo to other
Bo-r. 11. k
Circulation. Aw•
Loans
|
Bank.A-Merclt.Tol.—1st M
>
449,000
5(5 4,500
Securities.
21(5 779
-T,
4,0X8,600
5,316,200
130.1(H)
345.000
45,000
265,700
290,500
1,626,900
1.730.200
3,001.000
1,818,000
.....
.
833,000
3.120.500
2,610,:. 00
5(53,700
132.000
122.500
.
44 3,300
8,808,(500
2,037,009
3
7,07.200
45,000
5,400
1,73*9,600
5,2 L 1.600
156.100
319.000
906,200
402,300
246,000
317.4(H)
2,458.;>()()
541,100
415 900
4,102,400
3,408.300
520,800
Unlisted Securities.—Following are
week past:
May represented 29 7 mi'e-v
g Not including earnings of New 't nrk
A Not. including Central New Jersey in eitlier
tk Ohio r«»al.
i Included in Central Pacitic earnings above.
year prior to June 1.
7 on it nr tcia^ lines m Missouri, Arkansas and Texas.
Pena,
852,900
follows:
OcL
*
1,6.* 6* si*.
up to May
6,265,900
2.503,000
590.900
332,00 >
Loans.
*•
Ni t
to
8
1884.
160,9 - 3
18.370.5t'3 2 ',8l.*,8t»o
16
871,100
878.900
Philadelphia Banks.—The totals of the
749,3-7'
75(5,21
387.830
4,5 It!,-00
.....
$
$
$
$
1
$
291,683,400 78,392,800 32.723.200 315,732.600 12,929,000 605,195.931
291,7 -4,100 7 ,430,100 32,8 >8,700 315,989.4 00 12.9X5,3. 0 458,532,5OS290,287,960 80.106,8001 13.289,700 317,084.100 12,-00,209 477,210,695
are as
6,57»‘,8 >9 (5,849,(50(5
9(58,2(51! 1,073, :So
832,9 i 1
9i!»,89 5j
2,3 39.67 71 2,775,5 1
1,217,' 7(5' 1,6-3,2 19
193.40.
17,544,500
418,000
485.800
133,800
539,700
790.200
1,14 !,600
1,8 G,4(»0
$
Oct.27 141,1(3.600
N ov. 3 140,753.109
“
10 142,066,500
3.171.8
447.32 !
6 0.1*17!
320.251
2,589,800
290,287,900 80,106,800 33,239,700 317,084,'
1884.
698.263
3!.oi5| 1.097.95-' 1,132,10
0.098.400
760,700
1,477,0 )()
Boston Banks.—Following are the totals
1,049."53
1,2 16.2.*9
413.19 t
4)6,700
1,391,000
27,960
998,000
Loa ns.
Oct.25
Nov. 1
51 -.31(5
3.9 7,«0t
504.700
#
312,121
633.216;
1,355,000
2,600
925,300
2, t 40,900
1.109,•" 00
3.716,300
10,-53,000
4
5,123,000
.
Total
1884.
3.146,80668,9'(5
602,169
7,627:
1,073.206
1,10 J,8(52
30,500
259,Too
996.400
216,200*
1,5 42,800
853.000
100.0 H)
7,491,100
2.636,000
The following are
12.338.H53
9
195,000
268,1 00
138,500
531,700
160,100
14,875,000
4,742.90 a
Lincoln
Garfield
Filth National....
20 8l(> 20 4
367,658!
92,900
292,500
603,500
2,447,000
3,255,500
707,900
085.700
rmau-Americ’n.
e*7| 1.3*51,77"! 1.420,7(*3
41,513!
1,206,600
7e 3,900
1.522.800
18,22 x,21)0
4,26 5.500
United States
609.953
3.0 i2.i3 >
516,763 j
0,681.600
5 79,300
1,021.000
245.200
Hi. 000
1,100
248.100'
8.282,000
2,332,000
4.1 70,200
17,! 52,0 >0
German EiCh’ngo.
U* rmania
36,3M) 099 37.893.907
651.30.31
154,200
254,200
S49.3CH>
373,000
342.900
Chase National...
Fiftli Avenue
c
11 6'6i
590,000
35 t. 100
6,581,000
1, 82,900
1
...
..
1st wk Nov
8,054.700
12,052.200
2,117,000
14,393,800
i,914.800
1,0 17,700
12.927,700
First
2,844 J
.Other lines
391 870
4.8,485.
15.5 40
16,190
Milwaukee & No •ith wk Oct
900.>52
939,4 14
23.1 50
21,26 j
Mil. L.8h.*feWest. ^st wk Nov
1.156 8 >i«
I ,3 .'5.2.-3
12 >.28
168 573!
Minn.& St.LouD Ojitember
1,696,307
258,271
2 19.2->71
1,6'8,9 0
Mobile & Ohio.. October...
1 ! ,900,011
Mo.Pac (k I.M.) September i,537,0161
1,7*11* *,91*5
Hash. Ch.& 8t.L. September
2(0,586; 197.799 1,701.43:
81,625
34-,647
12,435
8 *,011 j
N.O.&Northeast October...
N Y. & New Eng September
281.638; 358,571 2,450.14- 2,7. 5,866
N.Y.L.Erie&W.y August.... 1,534,427 2.068.4 64 1 (),♦ 63.673 13.L4o.2i 1
753,' 6 J 3,608,367 4,395,3 >6
N. Y. Pa. & O August
480,569
749,ou6
7 0,190
90,685
95,41?!
N.Y.Susq.&West September
215.418! 175.496
K. Y. Out. k W.. AllgU t
197,027 2,1 9 4,0 12 2.274,562
263 298
Norfolk & West < )eiober..
631,7577o-,464
89,374
Shenandoah V < htober..
73,857 I
515,727 4.085 00 * 4,552.13Northern Centr’l September
476,-<11
315,-00 11,054,9.5 8,332.644
3 16.369
Northern Pacitic 1st wk Not
329.4 *9
944,9822.631
1st wk Nov
Ohio Central
22,436
103 O >9
128,535 j 3,123.350 3,486,74
1st wk Oi t
Ohio .V Miss
296,227
376,5 j3
4 6 210
October..
Ohio Southern
37,199;
106,300!
100,518
Oregon & Cal... Sepumi ei
382.242 j 2 504 893 2.9*73,363
2-9.821
Oregon Imp. Co September
322.900
16.385.7oo 0,931,-00
1 (>,408,7001 4,303.000
1.005,000 i
18,000
Pa
..
342.000
1,864,200!
Iiuporterb’ife Trad.
621,44
223,267
September 4,458,871j4,634.998
..
Metropolitan
(»
136,000
3,215,700
1,475,700
3,0 14,300
...
7,344,900
8.258,000
450,000'
8,335.000
1,141,500
4,385.300
Peoples’
93 4,700
885.000
1,459,000
4,3 51,300
2.695.200
13,621.000
17,119,600
5,583,000
6,032,400
1,932,200
Kepublic
10 624.000
4.16 4,200
3.079.200
1.: 06,500
Chatham
-
Pennsylvania..
8LM.000
869.400
Greenwich
Leather Manuf’rs.
seventh Ward
•State of N. Y
Americ’n Exch’ge.
Commerce
Broad wav
Mercantile
Pacitic
’
e
4,661,500
1.662,400
$
3,930,0001
600,000
877.900
1,140,000
14,100.400
2,736,600
Fu:ton
Circula¬
tion.
$
$
1,382.000
2,<>73,000
1.O82.U.0
Merchants’
...
1
Te rulers.
$
$
Net Deposits
ottier
than U. S.
Leaal
Specie.
10,280,000
7,841,000
7,377,300
New York
...
16 4 7“
Loans and
Discounts.
1883.
1884.
884.817
3d wk Oct.
e.. -'ft wk Oct.
the
Avenuje Amount of—
109,734
112,563
Ala.Gt.Southern October...
11,510,593
September 1,513,010 1,362,983 11,852,819
Atoli. T.& S.Fe
283.322
373,3^ 1
34,48o
45,180
Bof-t. H. T. & W October...
2.161,903
2,135.8.57
63,607
62,587
Bur.Ced.K.<feNo 3d wk Oct.
130,001
4,97 5,960 4.59 4.002
175,000
Canadian Pacitk l st wk Nov
32.182
1,214.840 1.077.804
28,6b8
Central Iowa
' st \vk Nov
18,805,503 20.771.3-j3
Central Pacitic. October... 2,152.000 2,496,091
375.815 2,943,302 3,255,102
259,868
Cliesap. k Ohio October...
603.522
70.695
623,740
6 6,4 9 w
Eliz.Lex.&B.S. October...
2:1,1 06
28,422 1,123,'-38 1,< -91,85 4
dies. O. & S.W.. 1st wk Nov
191,454 7,402,893 7,451.658
174,892
Chicago k Alum l st wk Nov
18 505.825 18,634,197
Cldc. Burl. & Q September 2,707,110 2,9' 9,165
40,069
1,314.315 1,406,688
31,l5u
Cliic.«fe East. Ill. let wk Nov
553,001
560,058 19,497,(00 19.081,302
Chic. Mil. & St.P. 1st wk Nov
567.600 19.877.586 21,402,565
4 56.100
Chic. & Nortli w. 1 st w k Nov
147,700 4,909.677 4,649,129
132,400
Ch.St.P.Min.&O 1st wk Nov
38,279 1,267,370 1,317,805
4l,b83
Chic. A W. Mich 4th wk Oci
2,144,7050.543 2,070,831
40,5»
9
wkNov
Cin.Ind.St.L.AC led
’It 0,333
2.127,083
2,(37.442
237,503
Cin. N. O.&T. P October...
1.458,53'* 1,609 378
6 9,1154,239
dn. Wash. & Balt 1th wk Get
448.-72
4 06 2 6
14.701
15,147
Clev.Akron«fe« Oi ItliwKOct
411.614
2,751,930 3,224,7-33
320,129
Clev.Col.C.& Tnd September
32,782
29,174
Counotton Val. September
157.31 6
1 6,725
158.586
21,690
Banbury it Nor Sept tuber
11 i ,550
129,747 5,119,192 *5,905,600
Benver&IiioGr istwk Nov
II (,82b
88,150
Benv. & It. G. W. October...
283,85o'i8(2 12
7.3-0
/, * 51
Bos Mo. A Ft. 1>. 1st wk Nov
1,15 4/29a 'l. 3515,910
19.68 >
2w,-4(
Bet.Lans’gAt No. 1st wk Nov
8 >7,
741.34*
32.439
28,266
Bub.ASiouxCity -ith wk Oct
340 05
2.697 8-0 2,740,78/9
338.015
Eastern
September
2,904,072
394.434
2,824.351
369.311
E.Tenn.Va.&Ga. 8. ptemmr
15.361
13.838
Evatisv. & T. H. 1st wk Nov
2.174’.
29(4
1,955,819
5,67a
35.1 02
Flint A P. Marq.! 1st wk Nov
740,881
8*9 5!
786,037
79,481
Flor.ll’way k N. October...
312.2.6
395,-17
40.600
43,66.5
Ft.Worth «k Di n. October...
2,562.007
1.9 So 039
387,319
266,231
Gal. 11; r.& S.An.'Septt mb.r
8,357
Grand Trunk
| Wk Nov. 8 338,32 6 417,560 14,655,752 16.44
33 .071
273,927
10,40'
6,054'
Or. Bay W.ASt.P.jlst wk Nov
1.461,29:. 1,691 > 92
207,843; 263,431
Gulf Col.&SanFe October...
228,909
19 4,4-6
2-968
20.9321
Hons E.it W.Tex September
216,900; 274,289 8.453,957 9,172,740
Ill. Cent. (Ill.)... I st wk Nt/V
48,089 1,133,14 8 1,712,514
37,100:
Do
(Iowa) st wk Nov
69,684 2,227 960 2,433,74s
66.1 4 4;
Ind. Bloom. A W. 4th wk Oct
49.014 j
45,445 1,896,885 1,534,179
Ft.8.& Gulf 3d wk Oci.
90(>,465
24.8 OH*
Kan. C. 8p
M. .'d wk Oct.
707,169
763,521
‘87.2'0
86.3,(0
Kentucky Cent’l < ictober...
14^,374
146,0 0
L; k“ Erie «V W.. September
357,240
35 ;>’,i'?
4 4,8 8
48,271 j
Ft Smith Seite tuber
261,675
227,47
27,087
26,419
L.Hk.M.Riv.& I September
53,347 2,4* 5,372 2,42".‘>5 0
52,2501
Long Island.... 1 s' wkNov
353.5 12
361.755.
52.10*
50,200
I.a. k Mo. Kivei July
265,34 5! 327.2 H) 11,437,843 Lt.917.140
Louisv.&Nashv. 1st wkNov
819,77 0
770,980
63,144! 127,275
Mar.Hougli.«fe O October...
8i.,6,87«>
933,064
(> l ,04' !
50,932
Mempli. & Chari 2 wks Sept
292,700! 182,781 2,3-5 270 1,591,3(. 9
Mexican Cent.. October.
435,520
16,09' j
Mex.Nat., No Do 3d wk Oct.
Southern Div
the
New York City Banks.—The following statement shows
condition of the Associated Banks of New York City for
week ending at the commencement of business Nov. S:
,
Jan. 1 to Latest Dale.
Burnings Reported.
Roads.
KL.CkA
[Vol. XXXIX,
THE CHRONICLE.
550
35
5 4
4
* w I’ae.—Scrip L-84.
ohlsirip
Tex a
New sci ip
l’ex. St.L., M WA.div.,as p
5I.it A. D:v., 1st Hi nt.
M.itA.Div.,iuc<> nevis I*
6s, 1st. mort., in Texas..
G- u. lstjd.gr.&iiie.u.s p.
Tex'.W C 1. Imp. —Kx-bd
1;. S. Electric Lignl
Vic sbi.ra it Mendin'-..
Prof
2d mort.
32
8 4
33
1
SJ
...
.....
......
5^
......
T
....
4
November 15, 1884.]
THE
CHRONICLE.
551
ABSTRACT FROM REPORTS OF THE NATIONAL BANKS MADE
TO THE COMPTROLLER SEPT.
30, 1884.
'Kao
Sept. £0, 1884.
Deposits.
Capital.
<"*
•
5
c
Individual.
i
1
f Maine
1
tJ N. Hampshire
Vermont
Boston'
Mass., other
5
w
8.011,001 >
1.029,327|
50,"50,00< )| 11,50.',‘-84!
45.727,5 C 13.015,771 >
20.510,05C1
4,00.,279
K8 | 25.95H.S2C>1
6,893,* 8oJ
her 1107. 1>.*,37»
j 41,301,7S4!
..
^ Connecticut...
( Total Div.No.l
f New York Cit>
4*
267 1
N. York, otliei
New Jersey...
£2 Philadelphia..
^ Pittsburg
-m Penna., other.
[ Total
.
Alabama
!
I
i
15
3
1(
Mississippi....
® Texas
{ Cincinnati....
Cleveland
JS Ohio, other
Indiana
Chicago
'S Illinois, other.
1
50.000:
5
2,050,0o0
•»
Mioliig’n,other
93
a
0,794,000
Milwaukee....
3
650 000
^ Wisconsin,oth.
014|
( Iowa
40-,548
355,492
3,040,000
4,259,7SS
240,000
2,179, '46
340,000
804,819
5.300
11
f-9|
3
1,719,320
i 0,123, liO15,971,427
845,518
003,800
4,844,328
5,8 03,74 G
3,< 0 -.0( 0
3,-4 4.5-0
4.735,0/ 0
2.2 5*/.000
031
430,839
.
{.
Total Div.No.G
•
w
'( Nevada
.2 3an Francisco.
■US
flf
&
1
<
California,oth.
T.
Total Div.No.7
Arizona
2
.
New Mexico
•
j
L
j
4;
250,000
13|
1,650,0. >*>[
630,000!
100,1*00!
,K i
5j.
Wyoming
X
O.'UMil
1,807,000'
..
Tolers
FOR
R1:
*>S, 1 s7!
10.O33.W3V
CcriES, Ac.
!
.Resources.
Loans
Bonds for cirCstlatiun..
Mill’s.
I2*nn 203 47
27*10
"Other U 8. bonds
•21
Ftocks, bonds, Ac
2 *(‘3
I>ue from banks
Real estate
1S-09,
2*97!
.TIN:
^•90
Id coin
"Gol
-
Treus'try cert's...
l
1
Gold Clear. U-Mi-e e’.fs.
S-l v< r c*>’n
•i:>
Silver i-ertdl ej.fes
Le^al tender not's
National bank
notes
Clean
gllotr-ee ell’s.
L*. S. ctfs. of dep isit,...
Due from U. S. '! roas..
■otlier resources...
Liohilitic?.
j
13 ■<*'*)
JSH
M>Vs.
7 *29
1 T>3
-
|
Ondivi lei profits
1
.
s
Mil’s.
Mil's.
60*03 23 .85 26*00
9 05
7 *0S
6-24
c.
r
"g
!
<
Mil's.
Mil’s.
2*10
8*50
"73
2*33
•2-
3*03
"02
*00
*lx
*07
2-51
•2-
•80
•13
15*\000
57,000
29,210
600,94*137,233
4,293,507
18,330
Cnicy-
'91
1 -45
•10
*?<)
1 •()'.)
•74
3*3-
-3s
■J 2
•23
1 *73
“29
•09
*21
•4:.
•41
•10*70
*17
•20
-10
•50
•14
-05
•o;
*07
2 "34
.•43
? r
1 4*01
*
a v •
•1:
*
•oi
•*)-
•04
1
1
■]()
-42
•"]
2 19
1 -3 t
•50
1*H
•29
*0*>
*50
•50
•05
*1<*
•03
*iV»|
6 "OS
l'OS
1*19
...•i
-09
•01
Od
20 •,692
27 C>,0.)0
5g.>,H39
1 15 27)’
5,2-0.736
3-. 1
2s0
14.11•
CITIES,
/■npmy
j
j
1 -33
•0!*
3 !
C
i
^
10
1
1
1
3*01
8*95;
1*97
517*81
•01
•70,
•00
8 1*87
•51
•55
•25
*50
1 -7'.)
•00
•22
•30
1" 75.
8-8.-,
2*20
85
1-34
•24
•73|
79*94
-77
•c.y
T2
T8
TO
21<5
6*57
‘K>
•40
*(»?
•33
23*85
•00
T5
‘
*43
.
.
1 2*43
.
23*50
•
Ml"
!
•01
•02
•(
2
|
mr,
•0!
l-0:i
62.
•32
•23!
1-45
T !
•03
to'.
•*-»| 315;
•23
t:>;
•38;
..
1 -9.t
-J4
.
*51,
4
*2t>
63*0
s is
5:3
•Oil
*51
....'
•00
1 4<
•3:'
!
•17:
•14
5*81
T2
*n5
•03 ‘
•or
1 '.28
•or
-44
•21
*15
*15
■3
*tJs
*43'
TO
•is;
•03:
TO
•01
1
1
1 1*50'
22*03:
1 mo
•35
1 "40
Due to dep sitors
Due to banks
Other liabilities.....
!
05'3n 207-81
6'93
j
i
39*18,
3*o»
1 *53
! 12*40
*25
6*31
5*31
61*93 21*11 17*03
14*02
3*02
3*38
*01
1
S« 7( 413 7 >
8*4s
1 "A 1
*13
1 1 70 45 :24
*05
12*5
1!
11C
3*55
*30
1M9
1
1
.
3*5,V
s*o
111
•55
•27
•nr,
•03,
‘>'07
2-73
257
7*)>
T3,
111
•10,
..->0
•
•
•
j
>V« ) '
*(>9- .3*04
*52|
1*25!
3*05
3*79 l 2*79.
2*59 5 37
•41
-1-80 ‘5-7- 1 3 97
1*70
*77
8*41 36*21
1
T2>20*4'!!
•82i
•41
1
-08
«W17'-*‘»-SI
2*05'
•31'
•24
•42*
’?()
1‘*—1
1
1 1-02'
66*20
14*20
17 7
2 I
33*34
1 3*70
*50,
6 72
1 1 -Os
"00|
!
]
1 -50
179*99
3118
524*27
•23
60*09
86-90
147 05
63 23
289*95
989*27
2 16*40
•55'
39-07
•07;
•is
7
l*43!
5*04:
21.5-52;
J *>'3
•15
7T*i1
3 9
TO
I
•44
t f.o
23 73
*2(*i
21*10'
•8-,
3*33
7 7 05
30' JO
1 5 "25,
TO
4T5
S *<9
•7s.
3*59 1,0 17*20 1,262 23 2,279 49
!
3*2";
1 9 *-9
•34;
7-37
*
I1-501
47*22
5 "8:
'ir,l
2*38
*>
f
...
J
!
!
,
3-00! 1 0*55
•
"S3
7*17|
|
■
j
1
18*00 10*15 1 i *7i
9*23
3*50
3*01
-99
2*40
1 -3S
13-84
6*05'
•0:
-10
■4*80 13*78 13*97 :m 5». IS 17 72-81
J *02
....
2*55
•90
Millions.
697 48 1.2452
242*50
327 43
17*99
30 42
43"*‘>
7 1 GO
1 1 4 22
194 TO
28*85
4 9*90
27*03
50*88
i)‘K'
•m
~>a
£
Millions.
il*oo
j 9*1-9
•0*2
...
~
g
Mil's. Millions.
1 -(52
*.-*)
1,248.259
GO
g
\
*03
1 -so
70.437
1,34 6,022
•rS5
’•J*
15-34 42'5(J
500
19,990
t 5
-.3i
'
3,f 8"
8,770
«
•50
•10*2 V
55,535
20(5743
89,914
9,435
i.2
•07
Ohr,
‘220
2s(i
8,092,5>7!:-(.331,510 1
3*27
i
3,301
25,920
TOTALS.
1 ‘30,
•
V,UO)>
910,958
131.815!
1
Mil's.
-
0,0 10
7,419'
4*73
3
--
—
67,751
3,537
AND
Mil’s.,
8,707
94.395
9,-l(>
j
3.s;>8j
•40
j
»5,i>94
2U.02(»!
17,2 17,340
(5l
>4,3
11,300
50,887
13,998
oO
GlO
10,’53l
8,941
53\532
’*8,89"
4",3:4
00
2.109
500
2
94
22.970
3,05c
•1*15
....
4
*55!
....
•05
i4
...
.
2,170
1'40;
*
1,3'23,C>18
697.166
1,007 939
447,857
•03
-01
! "SO
15.930
1.510
1
•37
3«J'
1 55.0 >3
1,770
^0
4 01
•25
4371322
19,400,499
>, 1
10.540
7,8 0
630,207
21,078
47->,820
Mil’s.! Mil’s. Mil’s.
7*78 17*32 11 24 10 OJ
8*27
1'41
-93
*83*03
6* 38
3 -50
22’H.t
50
13 2,890
3 1 Di
-
310,934
780,678
50-*,584
v
33,173i
>9,908,007
1,707,935
1 3,000
31,970
31,4*0
!
!
11
1,958,826
6,758,900
118.951
20,017
48,-*17
05,291
83.825
30.-82
222.119|
*ierdan. Chicago.
1
Mil’s.
*tr>
*12
4'V 00
c
IMS
•73
i 4,860 2,921.077
24,4t>0
2,55*.
.
RESERVE
2*70
3*4 j
•
•2,910,.>X9
1.095,''88
18.625
1,28
330
3,780
303,4 0 j
1,<*85,039
43-, 001 j
1 '> .29 4 ."9
t11a
3,900
158,375
j
4
49,384
57,18
7".0-1
093,93)1
350,731
500.130
448,093
4,055,5*21
20.300
0,900
10.210
2,18)-
50.4 30
S
Mils.
00,000
1,470.930
JL'iiE
1
30.750
13,99./
38.840
138.235
238.705
14,305
.......
289.995
439,995
783,820
283,331
55,310
5.000
10,410
4,49;
217.34*
424,000
10. r, 5.5-a
3 1*70
•03
18,360
33,280
1,000
•32
•*>:;
7)-,Ooc-
50,940
»*75
1 5 *0*>
9
38,307
3*43
3*47
1*30
03,120
/
1,004,178
OP
^
^
190 010
9,270
5,453
1 3*0*2
1 !>*47
ISC-73 i 13 70 14 84 1 1 1'70
i
0
i
*20
1-31
S
b
tb
H
*20
13*21
'1
"©>
,
-35
I
p
1
!
?T"l :*»
BANKS
24,790
074,599
1,215,79!)
l«i
1
•45
Circulation
Tot,-i
75.SI 9
40,981
■20
.‘Ml
211
-
M ill's.
•4-
j
,
"Cap )al slock
-'urp:us fund
21 -,99
ic
y-j
1
To'als
»
b
173,185
30 1.09"
5.190,1 02
3.1 4 9.00-
),.
10,102
30,58^
S5.1-C
'
0,081,032
83
15,000
42,7 20
35,020
755,049
1,2-9.825
*;>
319,733
e*
/
2,4 10
430,04 l
12.0 >2,9<'-4
13.* ,4
o-JV'fS
•S'
•if>
0
18,374.2
t 98
15,30
4 ,i'<>0,808
5,55*2,1 55
2,180,8 5
2,02)-
NATIONAL
!
87,205,
43. ,8 7
•437,* 91
4.711.18:
1,128,14'
1,400,7x1
w:
5
3.530,202
2.087,717
c
^r Hi’s.
11
14
r-i
«
1 13,440
431,872
9.105,09).
(©
1
8,598,45 7
12,507,787
•
95.780
0,573,718
1,835.480
2
1.418.107
THE
*
E iVE
84,8.Sj
x6
125.57 1
-
335,80 >
340, 18
39 820
422,760
42,150
2,043.097
1,530.505
21,23/,9.-0
2 .319,099
8,952, -*85
0.902,102
1,891...94
,0 / 4,1^8
1,24 2,430
243.750
79.0(10
OF
309 0551
470,008!
190,074!
1,0 :9.2 11
200,000
103,214
STATEMENT
4,3n,393!
88,919
89,779)
C Total Div.No.8
5'*i
l .)>'9.30!>
5,0 1 2.'-o •!
Total for IT S. .5 > H04 574.28-. i
147. 4 ,«*xxl
4,923
5.502,09-
2.&42I
915 500
20.000
525.000!
4;
1
07,807;
2 7 ■ >,"( >) t
>,
K
03, 89.4
225,3l(.
400,2 (1
<|
«S| Utah
o
‘25.0.3/
*>
k Montana
•
1!
75,000
1.500.000
2,0 0.000
095,0"0
955.000
HP:
Colorado
Idaho
3,027,019
0,871,0* 0
15j
_
4 42.325
38,63. >.7x<(
8!
Washington
030,5 13
8,302,304
9,390,207
li
Dj
Oregon
8.-53,2 0
4,817,481
51,230
19,38*.
78,59*
5,528
303,9 29
51,505
824,420
1,139,922
402,(02
742,081
211.1 87,80:' 15,001.325
450,490
42,078
5"0
45,00
50.
8,270,734
,4 45,30
3.013,229
9,754,5 > l
2
34.0 i2
109, >72, -92
2,92.
515
31.057,200
*230.256
27-,"00
2*..41
214,479
25,759,709
40,0.'2,905
132,914
729,290
47 7,521
909,294
2,193,055
3,250,000
35-.831
7i2.14s
10,151,03b
20,942.721
1 ’
0
.
17,319,7'0
11,239,30'4 MO >,159
3,7.0,0-9
Lo,i45,5< 01
,357.700
50
...
W
91.0
12
...
87«i,000
11,922,723
7,915,594
31,801,141
19,255.2/1
30,077,207
20,543,196
0,-92,584
085,000
4,498,109
3.750.009
47f
(. Total Div.No.5
33 >,432
493,*>32
1.108,500
22,03 \< 00
13,828,500
10,550 000
13,549,000
900,125
4.000
82,90"
15,56o
3,220
07,747
3,415
2,318,930
5,570
13,37)-
100,919
155,559
74,002,014
403,5*20
312,153
03,500
101,270
27 3,040
4 11,51 1
2,17)',7 04
2,70*5,780
418,872
281,905
5*2,930
179,000
23, * 09
1,04 3,8)3
9,029
1,081,149
113,853
1(31,990
40,9-0,452
•
201,147*
M>
137.400
13,750
73"
4,931,307
4J-8.134
3, IS 4,903
j >7,3x0,1 (-0
1,040
1.080
11.-58.070
1
7 J ,37)
985.000
79.10'
2oo
75,780
28 >,«)85
48i,D-)j )!27,030,xU8
05 1,0 SO
22,03*
3,082,281
29, 9C
1,990,410
307,09*
8,044.242
9,400
2,1 f>0,842
“82T39T
13 1,72 >
74,757
811,730
473.9ns
33,8.>7
812,140
310,8>8
82.079
14,09
9,08*
11",90:
3 1,593
435,198
>,VT))| x,208.439
*2,3
:
JO,),367
171.204
4,812.215
1,720.7-7
7 24,040
5,
8,922,521
8,258,292
0‘', i ;))
1 09.90
■
4,**.45,53-
107,803
2,977,831.
1,8.s<
1 -C),_35
1,811,414
-
939,7 t4i l.OO
143,410
40,000
11,- 0,.
1,3-5.809 I
7,947,5h3
9,174.190
8,*>00,' Oo
5,004.100
-4,80 ,7-7
1,688.942!
148,274!
82V 65j
951,135
154,19;
4)
200.824
90,052
44,122
1,00 *,107
3 *>,977.700
'>4-, >79
•
13.0
1.12C
2,33l
9 i9,C>0!
41,8 1 (
2,9 ic
3, )>*-*<
325,738
97,8 _'C !
208,98 1 1
499.400
9,310
87,538
2.998.970
405,553
8,550.1 80
120,7* 8
11,944,08
1.042,9-9
7,799,771
15,C 93,345
0.000
03,938
|
$
174,918
4.29*
44.1 U
)|
of deposit.
$
41,35=
117, < 5( )
55,072
4 4-,933
183,453
11,737,720
495,804
10.824
IP
5,5UC )j
115.172
291,8 43
203,2 >h
>,:•)>,
3.030,203
3,928,267
307,272
7,077,858
cerlific'tc.v|
9.30' )
2,962,7-. C )
4 01 75( M
12,3 C
3,218.91'
Tjeg.tend'rs
Treasuryfit O S.ct/8.
?|
9 41 < >!
7,032,20.)
0,077,129
2,“9O,730
437,127
3.i0o, Jbo
2.418,320
2,511,117
1
953,440
258,972
43,937,152
i
7
3,380,470
1,452,0 >
319,415
Silver
Silver.
$
1,-0, ^>44
183,978
20.<>59,70*
5 4,9oO
2.094,-95
1,195,000!
100,000
5,9 7 O.oi »o
4 05,000
3,551,500
9,453.9 >0
5,0/-5,300
4,33t
10,795,959
772,500
815.355
16,123
250, lOu
0 4.»
j
14)5,473,5 If 21,230,032 40,7c>5,1 ,uj
029,02,
4 5,901
7,293,09
1054,50*
30, 8 1
80,072,033 2,009,427
401,81C
710,945
30.181.83‘890,792
157.14;
325,15*.
0(),028. / ♦>£> 5,505,037
190,93c
729.41"
25,850,05- 1,725,820
100,40c
117.8*1'
09,02 ,11*
3.102,237’i
190.13*
1,140. 0*
4 85. t
’2,0 * 35.040,500 4-',04
,11 c
3,083,
233,157
092,8"4
*>, >t)3
.
53 3,59
305,1-00
3,525,000
155
Detroit
0.5
1,735,0001
12
•-
00,00(1
1,202,3 2
513.-Si*
2,401,000
1.035,000
2,430,000
181
95
...
302,000
23,131.1451
8
28,743,31
01,703,1 2
20.851.952
784,43-0
3,530,700
12
....
023,232
1.87,002
30 •,
72.147
110,280
l,125,oo()
252,000
2^3
048,fi>..
73,97 3.47^
3,87«*,u4;>
17,515,0.**
5,848, * 47
2,518,41-0
33
Total Div.No.4
207,l9o,bjO
0,852,112
3,009,122 j
9
5s
..
Tennessee
X
1,253,. 42
11.713,2-0
2,(>79,200
4
Kentucky, oth.
m
102,71^,6)5
04 4,041 i
59
Minnesota
St. Louis
Missouri, oth’r
Kansas
Nebraska
Dakota
40,550.9 4
1,823.935
4
8
1
New Orleans..
-3 Louisiana, oth.
^
s
298,3Hfj
9,229,303
3,503,407
9,^08,590 j
2.001 ,<)<>()
Georgia
Florida.......
.
231,757
114,113
2,397,oOo
O
1
14
■w
45.433.70CJ
11,502.201
21,117.279
400,3C/0,1U0
5|
8,453.S0C >
i 1,554,33'’
11*2, *So,5-f
83,790.19*
30.177,0-4
3,835,509j
j
17,439.55*:1
41,317
5 *,0 2.27' i
1
21
North Carolina
South Carolina
131,06/
258, 38
374,514
.
1 10
4,921,911
65,107,Ml;
63,987.5 •:>
155,9 4**t5ot
15
17
2?
Washington
«
9,'. 52,750,
j
32,213.840 !
t;. o
..
..
35,223,300
l,409,0o0j
12,253,350 |
725
Maryland, oth.
2 Arkansas
Louisville
2*2,r>u2,D'?o|
18,05*^,000 |
10.1 50,000 |
23
C Dist. Col., oth.
Virginia
.1 West V rginia.
[ Total Div.No.3
*
40,250,001 )j
1,800.000M
71
3J
Div.No.2
( Delaware
® Baltimore
*3
*0
i
7
^ Albany
1 1 9,96
317.It.C
4,901,3
Gold
$
:
555,755
*
$
1o
1.195,370
Gold and
gold C.H. i Treasury
certificates.1 certificate
overdrafts.)
Other.
$
9,^2,3P7
2,433.303!
0,105,001>!
41
!
$
54 !
195 1
-g:j !
Rhode Island.
•*3
i
$
10.300,001
71
48
Loans it dis
counts. (Incl'i ;
Surplus.
*».-o
1
4 6 9 48:
20 1 55
3 1 f) 79
4 *<5t>i
1 1-70
OI T-’-rt
41
-sr>:
1 9*32
»
4*
-
[VOL. XXXIX
CHRONICLE.
THE
552
INCOME ACCOUNT.
Investment
1880-SI.
Receipts—
Net earnings
AND
21
a
11 r a a Jtl
Di sb ui'sem en t s—
Inter* st on raoitg.
1 tit cl I ig cue c.
complete exhibit of th e
Funded Debt ofStates and Cities and ofthe Stocks and Bonds
of Railroads and other Companies. It is published on the
last Saturday of every other month—viz., February, April,
June, August, October and December, and is furnished with¬
out extra charge to all regular subscribers of the Chronicle.
Bxtra copies are sold to subscribers of the Chornicle at 50
cents each, and to others than subscribers at $1 per copy.
REPORTS.
GENERAL BALANCE AT
$-1
HR., build’gs. equip.,
W. B. Duncan, the
807,447
Laud (lepartm’t assets...
t ills & acc’ts receivable..
129,204
327,755
297,485
Materials, fuel, &c
Cash on hand
Renewal fund
Car trust assets
Miscellaneous items
...^
43,497
1882-83.
Liabilities—
Renewal fund
All other dues and aec ts.
Profit and loss—General.
$
20,852,281 21,028,969
817,654
843,433
945,197
*71,032
61,122
176.621
325,931
392,396
348,945
40,123
3a,956
120,880
105,220
405,220
50,406
122,653
92,602
.
52,805
40,166
Do
Special.
Do
Land dpt.
Total liabilities
5,320,60 > 5,320,000
107,**38
102,990
lt>4,9?5
142,018
198,293
125,332
106,351
24,293
153,0 41
23,118,434
5,320,600 5.320,600
16,250 000 16,250,000 16,290,0^0
75,164
59,039
78,124
50,406
122,654
127,048
410.7^7
153,01 L
96,144
1883-84.
$
8
22,416,669 22,170,437 22,456,227
Stock
Bonds (see Supplement) .
Interest on debt
Car trust
Land department
remaining
1881-S2.
&c. 20.812,281 20.812,281
Total assets
the company must feel very greatly. Mr.
President remarks in his report :
“The trustee and receiver upon his accounting to the court,
and the committee of re-organization upon terminating their
trust, turned over the balance of the new securities
in their hands respectively to the Mobile & Ohio Railroad Co.,
the court, and the
as authorized and directed so to do by
456,000
108,000
CLOSE OF EACH FISCAL YEAR.
1880-81.
Mobile & Ohio Railroad.
(For the year ending June 30, 1884.)
The publication of the report was delayed by the illness of
Col. Jordan, the General Manager, whose death occurred on
Nov. 9, and whose loss as an upright and competent officer
456,000
471,200
159,000
265,000
1,626
562,000
616,626
736,200
Sur.129 Sur.13,408 Def.4,750
828,000
Assets—
$
731,450
$
630,0:4
420,000
Dtf.12,669
Balance
1883-84.
1382-83.
$
562,129
408,000
Total disburse'ts
The Investors’ Supplement contains a
ANNUAL
bonds.
incomes
Miscellaneous
Interest on
1881-82.
$
815,331
22.416,669 22,170,137 22.456,227
16,630,000
82,253
92,602
8,885
511,062
146,450
276,532
23,118,434
Memphis & Charleston Railroad.
placed the sime with other assets so received to the
(For the year ending June 30, 1834.)
credit of a renewal fund. Against this fund has been charged,
from time to time, certain outlay not strictly connected with
It is acceptable to have a report of this company again after
the operating of the road, and among others was charged the a lapse of several years without reports. The President, Mr.
$100,000 expenditure entailed upon the Mobile & Ohio Rail¬ Samuel Thomas, remarks that large additions have been made
road Co. in the construction of the Kentucky & Tennessee to the company’s motive power and rolling stock, under the
Ruilroad (Cairo Extension) over and above the amount of car trust lease authorized to be made at the last annual meet¬
money provided for by the issuance of the Cairo Extension ing.
Additional freight cars are now being built for the com¬
bonds.
pany under said lease.
“Furthermore, on the creation of the $1,000,000 fust mort¬
He calls attention to the improved physical condition of the
gage extension bonds, the balance ($400,000) of said bonds property, and especially to the amount of steel rails now in
not necessary for the absorption by exchange of the $000,000 the track.
In view of the present low price of steel rails and
Cairo Extension bonds, was appropriated to reimburse the the greater economy and safety with which a good track can
above-mentioned $100,000 by sale of $100,000 of said bonds be operated, the substitution of steel for old iron rails should
at par, and the remaining $300,000 bonds are held in and be continued as speedily as the means of the company will
for account of the renewal fund, to be disposed of in like permit, until the entire main track shall have been laid with
manner as may hi reafter be required for such further addi¬
steel.
tions and improvements as may be deemed necessary for the
The increase in the company's gross revenues during the
maintenance of the business of the road. last fiscal year amounted to about 12 7-10 per cent of the rev¬
“The securities so held in the renewal fund at this date are as enue of the previous year.
This result was attained notwith¬
follows: $300,000 first mortgage extension bonds ; $100,300 standing the fact that the company has as yet failed to derive
second preferred debentures; $7,200 third preferred deben¬ the full benefits from the completion of the Kansas City Fort
tures ; $317,700 fourth preferred debentures ; $85 shares of the Scott & Gulf Railroad.
That road was opened for traffic
October 22, 1883, but owing to Hoods in the Mississippi Valley
capital stock.” * * *
“An examination of the comparative exhibits herewith its operation had to be suspended Jan. 29, 1884, and it was
attached will show that while the gross earnings of the road not until April 9, 1884, t-liat it could be fully resumed.
have in effect been uniform for the past four years, with the
The following is a statement of operations of the Memphis
exception of the yellow fever year, and the expenses have also & Charleston Railroad (leased), for the year ending June 30,
remained about the same, the road has been compelled to do a 1884 :
EARNINGS AND EXPENSES.
largely increased percentage of business for the same amount
1982-3.
of money ; the constant struggle on the part of the public to
1883-4.
Earninqs—
$714,235
$8 44,041
reduce rates, the attacks of legislatures, and the increased com¬ Freight
438,144
476,158
petition arising at various points, has forced a reduction in Passengers.....
19,495 *
ess
47,472
Expi
the passenger and freight rates, which the management lias,
29,012 5
IT. S. Mail
36,120
25,312
however, not altogether objected to, in view of the desire on Miscellaneous.,
their part to meet the wishes of their patrons as far as they
$1,236,023
consistently can, leaving a net result in the increase of busi¬
Total
$1,394,019
ness.
The net result to the present time has not rewarded the
Operating Expenses—
$303,196
$299,691
transportation
company for these reductions.”
* * * “ The connection Conducting
293,750
228,639 )
between East Columbus and Cairo is beginning to show its Motive power..
Maintenance of cars
72,966 )
171,787
importance. The business received at Cairo during the past Maintenance of way
240,943
76,763
*
115,817
year has increased materially.
It is proper, however, to state General expenses
that a certain proportion of this is lost at Jackson, which, be¬
fore such connection at Cairo was made, was received at that
Total
$958,108
$845,498
point, but still the balance is largely in favor of the company, Net earnings
$-135,911
$390,525
and shows the value and importance of this connection.”
The percentage of operating expenses to gross receipts is
The comparative statistics for four years, compiled for the 68*7
per cent, against 68*4 per cent last year.
The increase is
Chronicle, are as follows:
fully accounted for by the fact that last year, for steel rail and
OPERATIONS AND FISCAL RESULTS.
fastenings, there was spent but $3,015 ; whereas, this year
1882-83.
1850-81.
1881-82.
1883-84. $151,008 have been spent in this item alone.
In addition to the above, and included in operating expenses,
Total miles owned & oper.
027
5.7
527
50G
Operations—
there have been expended the following sums, properly charge¬
303,952
404,570 able to betterments.
Passengers carried
250,680
300,725
Passenger mileage
11,312,655 12,409,125 13,335,825 15,267,220
Freight on new coaches and cars, $3,393; freight on new
Freight (tons) moved
364,430
357,493
408,889
345,754
Freight (tons) mileage... 86,956,914 75,184,535 75,330,860 87,024,793 engines, $7,416; four new depots built, $12,200 ; two new
passenger coaches, $9,000 : re-building condemned engine No.
Earnings—
$
$
$
$
Pans* ngers
401,702
413,094 7 (balance), $2,283 ; total, $34,294.
416,127
427,999
Freight
1,791,503 1,617,932 1,716,339 1,712,923
The interest charge on bonded and floating debt in 1883-84
Mail,
company
&c
express,
Total gross
earnings...
0/ erating expenses—
,
Maintenance of way, &c.
Maintenance of equipm’t.
170,187
144,640
126,720
152,900
2,377,817
2,164,274
2,271,058
2,278,917
476,307
487,956
495,354
303.263
293,584
596,238
300,802
624,799
463,106
229,291
50.955
169,114
173,238
625,438
Taxes
Miscellaneous
158,782
49,926
174,441
1,562,486
1,602,145
1,611,024
1.547,467
815,331
562,129
74 03
630-.034
731,450
72 26
67-89
Total
Het earnings
Per ct. of op. exp.
to earn.
$354,699.
GENERAL
575,816
48,318
Transportation expenses.
was
65-71
57,394
INVESTMENT NEWS.
Boston & Providence.—The Boston & Providence shows a
slight increase in net earnings for the year ending Sept. 30,
1884. over those of 1883, the gain in the passenger department
being considerably greater than the loss in the freight depart¬
ment.
The figures as submitted to the Railroad Commission¬
ers of Massachusetts are as follows :
\
THE
November 15, 1884.]
1884..
Earnings from passengers
Earnings from freight
Total
transportation earnings
Land and buildings
Total income
Total expenses including taxes
Net income.
Rentals, Attleboro branch
Interest accrued during the year.
Dividends declared at 8 per cent
1883.
$1,039,811
614,500
$1,020,320
626,036
$1,704,311
2*2,830
$1,610,962
$1,727,147
$1,019,134
1,303,119
1,311,822
$303,028
$357,311
21,172
11,973
11,' 32
20,140
15,088
32 LOO )
418,471
Surplus September 30
CHRONICLE.
3 !0,9L*0
412,450
Canadian Pacific.—A dispatch from Ottawa, Nov. 11, said:
It is understood that the Canadian Pacific Railway Company
has been successful in making arrangements for the redemp¬
tion of its bonds which, to the amount of $10,000,000, were
hypothecated in New York as security for a loan of $5,000,000
was paid to the Government in connection with the
guarantee of last autumn.
cable to dividends—$1,135,670—*s
on the $30,000,000
capital stack.
N. Y.
•
which will probably be in a few days.
The Denver & Rio
Grande directors have disapproved of the action of Receiver
Jackson in defaulting on interest on the first mortgage bonds.
Frankfort holders of the Denver & Rio Grande firsts have
organized for the protection of their interests.*’
Kansas
City Port Scott & Gulf.—The Boston Transcript
remarks : “The Fort Scott Company had more than they asked
for $2,400,000 tendered for the building of the Memphis “cut¬
off,” 151 miles.
Its purchase of the Pleasant Hill & Do Soto
was of advantage in that the com¬
pany secures twenty-five miles of line already constructed
parallel to its surveyed route, by a purchase of forty-four
miles for less than the cost of its contemplated twenty-five
miles.
The Fort Scott also gets a six months’ advance in its
construction time, as the first part of the line embraced the
branch of the Atchison
most difficult work.
The De Soto road
crosses
the Fort Scott
twenty-one miles south of Kansas City. The price paid for
the forty-four miles was the assumption of the bonds, $2,700
per mile, and $3,500 per mile in cash, a total of $6,200 per
mile, and at this low price there is a good profit to Atchison
on
equa’ to about i %
Chicago & St. Louis.—This is the first of
per cent
the Vander¬
bilt lines to file its report with the New York State Commis¬
sioners for the quarter ending with Sept. 30. The following ig
a statement of the result for the
quarter, in comparison with
that of the quarter ending June 30:
Quarter ending
earnings
Operating expenses
Net
i
Other income
Charges
Deficit
when,
June 30, 1884.
550,433
$737,385
539,155
$249,338
$199,230
13,692
Total income
The
Quarter ending
Sept. 30, 1664.
$799,771
Gross
which
Denver & Ilio Grande.—The New York World says: “Mr.
Pothonier. representing the English bondholders of the Denver
& Rio Grande road, has arrived, and speaks hopefully of the
The bondholders’committee will not
future of the road.
make any report until the plan of re-organization is ready,
553
$249,338
331,2 41
$211,922
$131,903
$149,149
301,071
statement given above is by no means discouraging,
in the worst of seasons for the trunk lines, this new road
charges oil* its full interest and shows a deticit for the quarter
of only $131,902.
It will be observed, also, that while this
nominal deficit is shown, there was a net decrease in the items
in the balance sheet of loans, interest due, wages and
supplies,
and sundries, amounting to $222,698.
Below is the balance
sheet, comparing the condition on Sept. 30 with that of June
30:
Assets-
Sept. 30, 1894.
Cost of property
Stocks and bands of other comoanies.
Equipment bonds trust fund.
Due by ag ms and others....
Supplies
hand
on
Cash oa hand
Sundries
Cash with Union Trust Co
Dae for mails
Pro tit and loss
Total assets
Liabilities—
Capital stock, common
Capital stock,preferred
....
Funded debt..v
..
Equipment bonds
Loans and bills payable......
Interest on debt
Due for wages, supplies,
Sundries
&e
Total liabilities
the transaction.*’
June 30, 1884.
$70,822,570
$70,055,566
391,932
391.932
590,238
735,887
354,851
109,045
356,578
102,925
107,118
34,375
111,535
31,375
81,395
45 4,470
5,923
1,140.840
1,003,937
$73,633,900
$73,956,598
$28,000,000
$28,000,000
22,000,000
22,000,000
15,703,000
4/ 00,000
3,027,043
618,590
487,411
20,554
15,703,000
4,000.0.0
2,977,043
455,510
422.386
75,961
$73,633,900
$73,856,598
New York k New England.—The directors of this company
Lake Shore &
Michigan Southern.—President Newell of at their meeting Nov. 11, authorized a committee consisting of
has signed bonds of the Mahoning Coal Railroad directors French and Higginson, of Boston, Ric\ of Worces¬
Company to the amount of $1,500,000. The road is leased to ter, and Martin and Leitli, of New York, to proceed with the
Lake Shore, which guarantees principal and interest of these settlement of the llo.iting debt, outside of the car trust, by the
bonds.
This circumstance may have given rise to the report use of second mortgage bonds, a certain discretion being
that the Lake Shore was going to issue more bonds.
allowed the committee in matters of detail.
The matter of
providing
for
the
car
trust
indebtedness
was
left
for future
Louisville & Nashville.—The gross and net earnings of
this company
this company for September
1883 were as follows:
and for three months, in 1884 and
Cross.
July
August
September...Total 3
mos
Net.
1CU1
ICQO
1884.
1883.
$1,000,101
1,117.313
$1,124,770
1.251,127
$435,233
$137,700
82,9-2
1,115,800
1,331,179
477,081
531,984
570,742
$3,322,781
$3,710,08*2
$1,450, 425
$1,543,186
4
Maine Central.—The annual report of the Maine Central
Railway Company for the year ending September 30, 1884,
following showing in comparison with last year:
makes the
Gross transportation
earnings
Earnings from rents and misccl.
sources...
Total receipts.
Deduct operating expenses.
Less interest and rents.
1963.
1694.
$2,835,494
29.120
$2,815,372
$2,864/1 1
$2,825,793
1.839.70 i
1.750,713
$1,024,908
$1,075,0 O
827,101
850.619
10,421
consideration.
The Boston Advertiser gives the following: “The finan¬
cial statement of the New York & New England Railroad Co.,
returned to the Railroad Commissioners, for the year ending
Sept. JO last, compared with the previous year's operations,
shows the following changes : Income $210,000 less; expenses
reduced $245,000—thereby making the net income $35,000
larger, or $120,000, against $395,000 in 1893. Rentals increased
$14,000, and interest accrued for the year increased to the
extent of $70,000.
The deficit for the past year was $677,000,
or $46,000 larger than
the preceding year. The surplus that
has been gained in previous years lias been used up, aud the
deficit Sept. 30 last amounted to half a million dollars.
‘•In the traffic department the number of local passengers has
increased, while the number of through shows a small loss.
Local freight shows an increase, while, as was expected, the
number of tons of through freight handled show some falling
as
off.
There is also
a
considerable reduction i a the number
oi
employes, from 4.814 in 1983 to 3,796 in 1884.
$197,60
“Of the new construction reported the past year the larger
Surplus applicable to dividends
$197,8044
$2*24.461
represents the car trust certiticat s, the real addi¬
Michigan k Ohio.—The Michigan & Ohio Railroad Com¬ proportion
tions to the cost of the road being only some $700,000.
Taxes
pany having defaulted in the payment of interest due on its
have been reduced from $150,000 in 1883 to $125,000 in 1884,
mortgage bonds on Nov. 1, Frederick J. Stone, as the holder
of 72 of the bonds, has begun a suit for the interest on them, while unpaid interest footed up $663,400 Sept. 30, 1884, against
Sept. 30, 1883. The following comparative table is
amounting to $2,10(1, and procured from Judge Barrett, in $196,650
made :
Supreme Court, Chambers, an attachment against the property
of the company.
Milwaukee Lake Shore k Western.—This company has
taken a perpetual lease of the St. Paul Eastern & Grand
Trunk road, which extends from Oconto to Clintonville, Wis.
The leased line is to receive 30 per cent of its gross earnings.
Total income.
Total expanses
(including taxe.-).
Net income..
1684.
IS 83.
$3,36 *,032
2,941,626
$3,571,853
3,186,377
$420,400
8^,903
$385,480
74,843
939,184
Rentals
Interest accrued.
1,008,945
Deti i: for year
New construction
2,519, 02
Earnings passenger department
Earnings freight department
1,240,427
1,955,085
Missouri Pacific.—A statement has been issued of the Mis¬
souri Pacific earnings and expenses, including the Iron
Mountain Division, for three months ending with September,
as follows:
Cross
Kami m/s.
July
August
September
$1,232,261
1,494,477
1,537,045
$4,263,783
I ntercst,
leasee and taxes for three months
Dividends received for three months.
Net
Ejl penses.
$734,040
Earnings.
$497,021
728.592
065.884
062, OOS
855,037
$2,145,240
$2,1 18,542
1,107,872
$1,010,070
125,000
$1,135,670
The number of miles
expenses to gross
operated was 1,897; the per cent of
earnings was 50*3, and the amount appli¬
Other income
Passenger mileage
Freight, local mileace
Freight, through mileage
Freight, total mileage
Nam or of employes
MISCELLANEOUS EAKNINUS
Hudson River transfer
A. & W.
Sprague & Co
Grain elevator
$631,004
$676,931
..
1,599,906
1,261,786
2,114,524
10>,9L9
198,500
54,299,316
39,393,753
18.861,814
119.852,778
16,659,822
130,553,188
133,534,292
153,213,010
3,796
4,814
(“OTHER INCOME.”)
$22,613
550
937
Rents
Wharves and docks
46,113
36,6-79
Miscellaneous, Ac
58,995
$165,919
BALANCE SHEET 8Kf>T.
30.
1883.
1884.
Asse's—
Cost of road
Cost of equipment
$29,694,974
3,7l»5,672
2,189,217
40.900
Wattrbury extension
England Transfer Coinpauy
Connecticut Central RR
Steamer W. T. Hurt
New
290,377
152,912
#36,664,055
Total permanent investment
Cash.
Due from companies. »ke
79,061
371,*91
314,706
Materials and supplies
7.24 8
Debit balane* s
4 6.000
499,874
Capital stock
Profit and loss balance
Total assets
Liabi itics —
Capital stock
.
Funded debt.
2.4 0 97*
2,689,449
Oregon Improvement Co.—This company for September
since December 1, 1883, makes the following
exhibit, compared with coi responding periods of the previous-
and the year
fiscal year:
40,900
283,642
All Divisions— September.
1884.
188?.
Gross
Net
#34,146,052
73,759
614.220
487,076
39.4 54
46,000
17 7,1'j4
$289,821
$ 82,-42
73,451
111.521
All Divisions since Dec. 1.
188 4.
1883.
Grrgs
#2,77*,373 $3,283,200
Net.......
1,000,042
595,048
In the month of September t iere was a falling off of 34 per
cent in gross and 34 per cent in net earnings.
For the ten
months of the fiscal year the decrease in gross earnings was
only 15
per
cent and the falling off in net as
much as 40 per
cent.
Rochester & Pittsburg.—Two
tickets were presented to
#35,583,707
the stockholders of the Rochester
#20.000,000
#20,000,000
in
pany at their meeting on Wednesday.
of the present management (which was
was as
follow* : George F. Stone, Andrew Pierce, James
Geo. W. Parsons, Frederick A. Brown, John II. Hall, Walston
H. Brown, F. O. French, A. L. Hopkins, Adrian Iselin, Jr.,_
15,801.318
2,181,319
#37,982,637
Total liabilities
#28,681,031
[VOL. XXXIX.
#37,982,037
Unfunded debt
Protit and loss
13,7^2,^32
1,621.>22
169,402
#35,583,7o7
1,925
& Pittsburg Railroad Com¬
That the interest
successful)
Francis.
Henry Day, Wheeler H. IJpckham and Alfred Roosevelt. The
$7,493,500 opposiiioa ticket had the names of Messrs. Stone, Parsons,
—The Boston Transcript remarks: The net earnings of Francis, and others, but polled only 56,207 votes out of 200,000
the company for the last three months of 1883 were exception¬ in the whole capital stock. President Brown's annual report
ally bad. They showed a deficit instead of net returns. The for the year ending September 30 was read. It gave the fol¬
lowing account of the road’s financial condition:
same months this year are expected by the directors to show
Gross earr iugs
the average of the earnings of the eight months since Jan. 1.
$1,069,932
790,964
Should they do this the net earnings for the calendar year Opeiating expenses
would be about *$700,000 net. instead of $420,000 net for the Net
earnings
$278,968
fiscal year as reported by Receiver Clark.
488,149
The net earnings Charges on interesr, taxes, rentals, etc
1,393
#7,619,000
Number of stockholders
Stock Leld in Massachusetts
r
CHRONICLE
THE
554
.
follows
since Jan. 1 have been as
January
February
March
April
:
#21,‘ 2 J
June
$68,166
39 354
July
52.023
August....
55.091
89 6 5
61.; 82
September
73,015
51,635
May
#511,916
Total
And
as
to the
management of the receiver the
Transcript
of the New York & New Eng¬
the proffered services of
Charles P. Clark, Director and Vice-President of the New York
New Haven & Hartford Railroad Company, they did it under
honorable and publicly nude contract that he would protect
their interests and the credit of the corporation.”. *
* *
says : “When the stockholders
land Railroad Company accepted
“Mr. Clark’s record as receiver may be briefly summed up.
He bars up the new line to the Hudson
lions have been invested, and declares the business
While the Boston & Albany is building extensive sheds at
River, in which mil¬
worthless.
every
station to accommodate an
increasing coal traffic. Mr.
with the coal fields,
Clark, with more direct connection
declares the business profitable only
refuses it for a
long haul.
for a short haul, and
He declares the suburban passen¬
and raises the rates a fraction, and
less business and less^receipts at the
same expense.
Then he declares the road a worthless concern
unless the stockholders step in and pay its debts, although he
gets permission from the court to spend the stockholders'
ger business unprofitable,
he succeeds in securing
money
for permanent
improvements.
Having reduced the
volume of business he houses his heavy locomotives and pulls
out the discarded traps of some years ago, puts them in order
at an expense of some $80,000—all charged
to operating
expenses and taken out of net
done at the company's repair shops.
These have been
and outside shops find it profitable to do the job.
Di licit
$205,181
deficit $70,000 paid in redeeming
certificates which matured during the year. The
There is to be added to the
car
trust
year's construction work on the Buffalo & Pittsburg Division
amounted to $250,292 and on the Rochester Division to
$96,263.
Second Avenue (N. Y. City).—The Second Avenue Railroad
Company gives notice of its intention to pay immediately the
whole of the series of 150 bonds (depot bonds) of $1,000 each,
dated May 1, 1879, and payable on or before May 1, 1889.
Union Pacific.—The Baker City Br. of the O. R. & N. Co. is
now completed to Huntington, Or., where the connection with
the Oregon Short Line is made, 404 miles from Portland.
The
ballasting is in progress, and the new line will be opened for
In connection with the Union Pacific
tiaffic about Dec. 1.
and its Oregon Short Line, this completes a second northern
line to the Pacific Coast. By this line the distance from Omaha
to Portland is 1,821 miles, of which 877 miles. Omaha to
Granger, is on the main line of the Union Pacific; 540 miles,
Granger to Huntington, on the Oregon Short Line;and 404
miles on the Oregon Navigation Company’s road.
The dis¬
tance from Chicago to Portland by this new route is nearly
the same as by the old route via Northern Pacific. It will be
remembered that the Oregon Railway & Navigation, the Union
Pacific and the Northern Pacific some time since made a
tripartite agreement which divides all the through Oregon
business East and West.
Mr. Charles Francis Adams,
President of the Union Pacific,
leave
for
Washington to consult counsel
recently
said:
“I
will
earnings—but the work is not on the mail case which has been
pending a long time. The
closed,
adjustment of the company’s issues with the Government
“Meanwhile it is i otorious that the buying of New York & would not hurt the company. The amount due the Govern¬
New England bonds which has maintained them at about 90 ment unpaid is about $1,500,000. The floating debt of the
and 100 for the sixes and sevens, has come from the Hartford company is not pressing, and we shall pay it off just as fast as
we can sell the necessary assets of the company to do it with.
& New Haven people. They declare that the road is wortli
The com¬
its bonds, and the New York & New Haven directors in the I cannot state what particular assets will be sold.
New York & New England board say that they see nothing pany has a great many bonds of different roads, and it will
The selling of
for the company except .foreclosure and possession by first sell whichever bring the best market prices.
these assets will noi impair tlte control of these branch roads.
mortgage bondholders. With a railroad built and equipped
I cannot give the exact figures of* the net floating debt. When
to do business to the Hudson River, Mr. Clark appears to be
the books closed last July it was about $5,000,000.
We are
devoting his energies to limiting its traffic to the eighty-six
mile haul to Willimantic, where business can be delivered to paying off this floating debt out of earnings at the rate of
the New Haven road, which will do the business to the Hudson about $500,000 per month. There is not a.word of truth in the
River, one hundred and thirty-five voiles. Upon some divisions report that we propose to issue new bonds. We do not mean
the New England road has even to allow the New Haven road to issue any new form of mortgage of any kind.”
—The following are the land sales for October and since
two thirds of the joint proceed!,
January
1 of the Union Pacific and Kansas Pacific land
New York Stork i xcliaiige.—The Governing Committee
departments
in comparative tables:
lias listed the following :
1831.
1SS3.
New YoitK Cemual & Hudson—$6,500,000 5 per cent
A mount.
A Ci t'S.
A moan*.
.1 evts.
Orb.lev.
17.133
$91 ,f 29
debenture bonds, dated Sept. 1, 1881, anil payable Sept. 1, Kansas Di\ ision..
106.323
$354,793
1013 .7
230,185
125,418
92,1:0
1904.
The total issue authorized is $10,000,000, of which U.iiou Division...
$3,500,000 will be reserved, in accordance with a resolution of
12190
#322,314
198.478
$180,-11
Total
the hoard, to take up bonds of the company maturing in June,
Ft pin Jan 1.
234.014
$1,092,344
1885, and in December, 1887.
$1.639,619
374,710
Kamas lavish n.
2,001,241
62*,090
6,346,998
St. Louis & San Francisco.—Bonds to the amount of Union Division... 4,162,116
$3,000,000 were placed on the regular list. These are 0 per
86., 104
$3,096,585
cent general mortgage bonds, dated July t, 1881, and having
Total
$7,986,647
*50 years to run.
The company asked to have $2,180,000 of the
—The Treasurer of the company gives notice that during the
bonds 1 sled, but as the application did not state that the current month of November lie will purchase any or all of its
$180,000 of bonds had been duly certified by the trustee of the outstanding land grant bonds, of the several issues, at the
mortgage, the Governing Committee decided not to list them following prices:
at present.
Hords of ilio series payable April 1, 1887, 103 per cent, flat.
Hon* s of i he series t ayulue October"1,
8*>, . O* n* r coot, flat.
Oregon k California.—A press dispatch from Portland,
Bonds of the series payable April 1, t 8S9 10 * per cent, flat.
-Oregon, Nov. 12, says: “London advices state that the Oregon
Any bonds of the above specified issues may be tendered
Construction Company has been awarded the contract for
bet ore the 30th instant, at the otlice of the company. No. 44
building, equipping, and keeping in repair for one year, a rail¬
road from th- prts.mt terminus of the Oregon & California Equitable Building, Boston, or at its office. No. 195 Broadway,
New York, and will be received and settled for at the abovfrroad, to meet the California A Oregon road at the State line. rates in
cash* regular delivery.
The contract price is $.2,000,000.”
,
.
.
.
.
*
November 15, 1 -584 ]
THE
CHRONICLE.
555
'Qhz Qlammetcial jinxes.
COMMERCIAL
COTTON.
Friday, P. M., November 14, 1884.
The Movement of the Crop, as indicated
by our telegrams
from the South to-night, is
given below. For the week ending
thi3 evening (Nov. 14), the total
receipts have reached 269.114
bales, against 257,041 bales last week, 277,470 bales the
previous
week and 285,112 bales three weeks since;
making the total
receipts since the 1st of September, 1884,1,961,985 bales, against
1,975,589 bales for the same period of 1883, showing a
decrease since September 1, 1884, of 13,604 bales.
EPITOME.
Friday
Night, Nov. 14, 1884.
An
effort, aft mded with some success, to involve in doubt
the result of the late national election was a
disturbing ele”
the first half of the week
under review, but has been almost
wholly removed since by
the progress of the official canvass. It is
evident that the
jnent in mercantile circles
durin g
Receipts at—
establishment of absolute
certainty on this point is now
chiefly needed to give an impulse to business, cause a general
restoration of confidence, and
impart fresh activity to manu¬
factures and mining.
The wreather has been pleasantly
Sat.
Galveston
3,464
Indianola, Ac.
....
speculation in lard futures has been comparatively slow
throughout the week and prices have varied but slightly,
•
•
•
2,157
•
Thurs.
5,552
....
1,681
....
...
6,741
26,947
Mobile
2,272
1,381
1,416
....
8,292
Brunsw’k, Ac.
...
Charleston
Pt.
-closing, however, with rather more steadiness, and a confident
feeling generally, at 7*39c. for November, 7*20c. for December,
7*£2c. for January, 7 27c. for
February and 7*32c. for March.
3,841
Wecl.
5,007 17,903 18.600
Savannah
The
Tues
New Orleans...
Florida
seasonable.
Mon.
2,700
8,149
Royal, Ac.
....
....
499
1)30
.
.
.
.
3,915
....
8,299
7,882
....
4,676
Wilmington....
Moreh’d C.,Ac
....
....
4,707
Norfolk
2,582
....
....
6,810
....
3,5C6
5,037
....
....
6,421
....
1,305
1,191
4,375
4,852
....
Total.
4,101
328
20,796
13.542
88,740
1,125
11,506
2,921
6,971
46,403
1,033
1,0J3
5,470
29,829
63
63
851
5,818
....
700
700
5,773
22,745
29,518
....
4,611
328
2.921
1,042
....
5,992
Fri.
•♦Spot lard has been lower, but closes firmer at 7'35@7*40c. for
West Point, Ac
22.745
355
100
prime city, 7*50@7*5oc. for prime Western and 7 85c. for re¬ New York
1,277
537
485
2,754
Boston
675
1,007
784
985
fined for the Continent. Pork has
710
725
4,886
declined, and late sales are a1 Balt more
128
128
$15@$15 25 for mess and $17 50@$17 75 for clear. Cut meats
5
Philadelp’a, Ac.
28
69
38
11
795
946
are also
lower, pickled closing at 7%@8}£c. for bellies, 6)4(0)
Totals this week 29,523 44,991 41,677 31.936 50.219
67.705 269 114
6%'c. for shoulders and 10@10)>£c. for hams, and dressed
For comparison, we give the following table
hogs are down to 6@(P^c.
showing the week's
Beef and beef hams are altogether total
receipts, the total since Sept.l, 188 4, and the stock to-night,
nominal. Tallow, at a decline to Cj^c., has become much more
and the same items for the
corresponding periods of last year,
active.
Stearine is quoted at l^(a8c. and
oleomargarine
1884.
1833.
atock.
7K@7?4'c. Butter has been somewhat depressed, creameries
'Receipts to
This
Since Sep.
Tn is
Si ice S-p.
November 14
1884.
closing at 22@31)£c. Cheese is firm and fairly active at 8^@
1883.
Week.
Week.
1, 1834.
1, 1883.
12).^. for State factory.
Galveston
20,796
252,253 30,117 232.316
63,451 86,718
Tne following is a comparative
summary of aggregate ex¬
328
Indianola,Ac
7,315
257
6,537
39
ports from Oct. 27 to Nov. 8.
New Orleans...
88,740
500,103 81,433
248.392 260 135
553,316
....
....
....
....
....
....
......
1884.
Fork, lbs
Bacon, lbs
Lard, lbs
Total
1/248,200
Mobile
8.325,355
1J,51*,1»>7
7.298,106
Doc. 1,089.800
Doc. 2,80 4,0*8
Inc. 1.027,18/
19,228,114
22,154,733
Dec. 3.953,SOS
9/55), 158
....
18«3.
2.338.400
11,506
2,921
Florida
Savannah
Charleston
Bmnsw’k, Ac
46,103
1,033
29,829
Pt.
Brazil coffees have been rather more active on the
spot and
fair cargoes of Rio close at
$%c. and firm, while options have
80,923
18,272
394,312
5,943
281,787
303
5,57 4
16,717
236,056
13,998
103,614
15,077
3,8)0
12,472
27
1,426
31.370
359,041
136,608
94 042
35.964
1,061
93,394
83,491
Royal, Ac.
Wilmington....
63
890
559
4,731
63
673
5,818
52,100
3,S3c
51,863
24,708
M’head C., Ac
17,666
700
3,161
1,800
5,138
......
......
29,518
improved a few points with a moderate speculative movement, Norfolk
207,074 33,470 23 5,634
5 4,455
58 823
West Point,Ac 22,745
118,337
12,127
90,456
closing, however, barely steady,with bids at 8*03c. for Novem¬
9,577
New York
2,754
5,704
1,905
4.907
101,568 164 343
ber, 8T5c. for December, 8‘30c. for January, 8*40c. for Feb¬
Boston
24,707
4,886
5,223
16,170
4 905
6,310
ruary and 8 50c. for March. Mild coffees also fairly active and Baltimore
128
445
113
2,554
19 585 21,697
firm; Java, 14@16c. The visible supply of Brazil coffees lias Philadelp’a, Ac.
946
8.659
25
5,085
6,158 11.175
been slightly reduced, R iw
sugars have been rather quiet,
Total
269,114 1,961,935 242,078 1,975.589
779 412 842.179
but close firm at
5@5]gC. for fair to good refining, while fair
In order that comparison may be made with other
refining options close nominal at 4'85c. for December up to give below the totals at leading ports for six seasons. years, we
-5*10c. for April. Refined sugars
for Receipts at—
quoted at
1884.
1883.
1392.
1851.
1880.
1879.
crushed and 5J^c. for standard “ A.” Molasses
very quiet, and Galvest’n.Ac.
21,124
30,374
30,646
15,949
25,314
teas are without movement of
importance, except a large sale New Orleans. 83,740 81,438 71,308 57.135 83,246 22,469
62,535
by auction. Foreign fruits tend upward.
Mobile
11,506
13,993
11,993
13,405
20,100
15,113
Naval stores have had a very slow sale.
46,403
31,370
36,918
40,3 42
33,793
Spirits turpentine Savannah....
36,095
29 832
Chaii’st’n, Ac
17,276
2 3,675
closes somewhat nominal at
30,747
29,549
26,001
31f^c. and common to good Wilm’gt’n, Ac
6,518
4.832
5,636
8,568
8,809
strained rosin at $1 22(o$l 27.
5,418
Petroleum has been depressed Norfolk, Ac..
52,263
59,031
50,597
46,464
45,988
37.490
by an increased flow of new wells, dropping to-day to 6(i@G7c., All others
12,668
11,389
13,629
22,924
9,919
13,287
closing at G8c., a decline of 5^c. for the week. Rffined is
Tot. this w’k. 269,114 242.078 259,154 233,462
256,618 219,408
nominally unchanged. On the Metal Exchange business has
Since Sept. 1. 1961.985 1975.589! 1945,071 189'>.828 2114.524
been slow ; iron is firm ; tin easier ; lead dull
18*5 846
; copper quiet.
Galveston includes Indianola; Charleston incudes Port
Royal, Ac.;
Philadelphia advices report an improving tendency for pig Wilmington includes Morehead City, Ac.; Norfolk includes
West Point, Ac.
iron.
The exports for the week ending this
evening reach a total
Kentucky tobacco has ruled dull, the sales for the week of 207,421 bales, of which 95,216 were to Great Britain, 31,651
being estimated at no more than 250 lihds.; but prices are to France and 80.554 to the rest of the Continent, while the
stocks as made up this evening are now 779,412 bales.
Below
firmly held at 7j.<(b)8;54C. for lugs and 9@12)2C. for leaf. In are
the exports for the week and since September 1, 1884.
seed leaf extreme dulness,
prevails. Sales for the week 200
Week Endinj Xor. 14.
From dept. 1, 1884, to Nov. 14, 1884
cases 1881-82
crop, Pennsylvania, at 5@ 12)£e.; 150 cases 1883
Exported to—
Exported to
Exports
crop, New England, at 13@35c.; 100 cases 1883 crop. Wiscoir
Great
Conti¬ 'Total
Great
Conti¬
from—
s a Havana seed,
Total.
licit' n. France nent,.
Week. Britain. France
nent.
19(a)30c.; 50 cases 1882 crop, New England
Galveston
private terms, and 100 cases sundries at 5@ 28c.; also 300 bales
0,159
15,187 "2L310
01,494
25,505
87.089
New Orleans..
25,838 19,203 25,022 70.013
120,570 50,423
89,302 230,300
Havana at 80 \^$1 15 and 150 biles Sumatra at $1
30@$1 60. Mobile
810
810
810
810
Ocean freights have ruled firm, with rather more
Florida
activity.
Savannah
There has been especially an
3,775 15,946 19,721
50,807
3,775
75,570 130,152
improved demand for grain roonq Charleston
9,689
2,312
9,750 20.751
00,0*2
—
......
and
many charters have been made for Cork for orders at
4s. Gd. from this port and 5s. from
Baltimore; and by regular
steamers hence, grain Gd. to
Liverpool, G^Glpl. to Hull, G-l^d.
to London;
cotton to Liverpool 9-lGd.
Late petroleum
charters have been mostly on private
terms, and rates are
nominal.
A material increa-e in our
tonnage is expected in a
few weeks, but how much of id will be available
is quite un¬
certain.
.
Norfolk*
22,109
New York
14,145
Boston
Baltimore...
Fhiladelpa.&c
Total
7,849
Total 1883.... 120,050
*
11,555
3,898
2,132
50,993
3,050
20,203
24.241
3,305
2,133
9,439
20,030
79,137
20,85)9
114.298
1
0.782
50,078
3,056
1,723
12,028
4V20
1,830
I 9.284
31,051
80,551 207,421
632,558
10.139^
Ci3.521 207,710
404.195 143.777
1,8 JO
95,210
52,854
1.754
0,791
.
8,212
1,754
Wilmington...
Includes exports from Port Royal, Ac.
+ Includes exports from West Point, Ac.
220
1,009
83,020
121,088
20,534
81,209
212,840
30,304
72,145
20.893
328,502 1,044,095
34Sfi«7
98 ". 8 9
[VOL. XXXIX.
THE CHRONICLE.
<•»
boo
J
In addition to above exports, our telegram s to-niglit
us the following amounts of cotton on
tit the ports named.
We add similar figures
which are prepared for our special use by
& Lambert, 89 Broad Street.
Nov. 14
AT—
Great
Shipboard, not cleared-for
France.
Ii. itain.
Coast¬
wise.
Other
Foreign
daily market, the prices of sales for each month each day,
the closing bids, in addition to the daily and total sales.
I.earin
p* rs
3
sg
®
p!g.
C
®
©A
S’ © ®
0T3 ^
O
*-• *—• p.
CD ©
a
Stock'.
Total.
7?
g
*
22,901
3.254
107,676
2,500
None.
None.
None.
2,500
14 000
2,500
1,100
18,000
7.000
5.200
41.500
46 800
12,577
51,894
89.808
5,980
30,363
33,098
44.679
9,776
7,050
9,000
94.513
07,46 /
289,503
439,844
Mobile
Charleston
Savannah
Galveston
Norfolk
New York
Other ports
Total
2o,*JiX>
10.i 92
42,484
1,510
None.
7,000
None.
300
None.
3,050
it,000
1.195
None.
None.
150,523
38,324
72,092
22,029
3.700
1894.
19 5 37
18 594
93,453
135,123
Total 1882
Total 1982
20,200
5,891
34 809
59.015
13.615
166.474
17,848
230,580
:•So
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Del le¬
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2,421 G 19,300
TUe daily deliveries si veil above are
actually
on which they are reported.
previous to that
hri
<
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O'
oc.
Includes sales in
400
1,800
800
800
500
300
4,000
day
September. 1831, for September, 158,200;
ber October. for October, 421,800.
We have included in the above
Septem¬
table, and shall continue eaoh
It
to £ive, the average price of futures each day for each month.
will be found under eacm day following the abbreviation “ Aver.” The
week
average
....
MM
00
MO
05 -1
O'
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F FT CRUS.
350
05,700
220 125,400
510 101.9CK)
378
80.800
015 109,200
34S 76,300
1
378
t! 1 ),
348
2,221
Total.
1
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The total sales and future deliveries each day during the
week are indicated in the following statement.
For the con¬
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TEXAS.
Moil Tues
Sat.
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speculation in cotton for future delivery at this market
has been fairly active for the week under review and some
advance in prices lias taken place.
The foreign and Southern
markets have been rather stronger than was generally antici¬
pated. Saturday and Monday were quiet. Tuesday and
Wednesday were quite variable, making little change on the
whole.
Yesterday, on the better reports from Liverpool, a
further advance in Southern markets, and the unfavorable
Bureau report, there was a very buoyant opening, but the ad¬
vance was checked in the
last hour and partly lost at the
close under sales to realize.
To-day Liverpool was reported
decidedly lower, but such was the confidence that an early
decline was followed by a partial recovery, and as compared
with last Friday there is an advance of 18@2G points.
Cotton
on the spot advanced 1-lGc. on Monday and again on Tuesday,
although the demand continued quite moderate. Yesterday
there was an advance of 3-tGe. To-day the market is quiet at
10J4c for middling uplands. The stopping of spindles and re¬
duction of wages by New England mills has continued.
The total sales for forward delivery for the week are G19,300
bales.
For immediate delivery the total sales foot up this week
2,421 bales, including —for export, 2,221 for consumption,
200 for speculation and
in transit. Of the above, 200 bales
were to arrive.
The following are the official quotations for
each day of the past week.
,Xoi\ 14.
£ •
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The
NEW ORLEANS.
•
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110,716
32,914
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New Orleans
In the statement will be found
table.
ing comprehensive
shipboard, not cleared,
for New York,
Messrs. Carey, Yale
On
Futures are shown by the follow¬
The Sales and Prices Of
also give
given at bottom of table.
Monday, 10-15c.: Tuesday,
‘20c.; Thursday, 10 30c.; Friday, 10'23c.
for each month for the week in also
Transferable Orders—Saturday, 10-10c.;
lO LSe.;
Wednesday. 10
Short Notices for
November—Thursday, 10 23a>lC‘24c.
following exchanges have been made during the week:
I T4 pd. to excli. 100 April for May.
| 24 pd to exch. 100 Dec. for I’eb.
1 *10 pd. to exch. 100 Dec. for Jan.
| -09 pd. to exch. 100 Dec. for Nov,
pd. to exch. 100 Dec. for Feb.
I Even 1,500 Nov. for Jan.
pd. to exch. 200 Jan. for Feb.
|
The
•15 pd. to exch. 200 Jan. for Feb.
•500 Nov. s. u. 11 tli for reg.. even.
•15 pd. to exch. 400 Jail: for Feb.
•25 pd. to exch. 200 Dec. for Feb.
•25
•15
November
THE CHRONICLE
15, 1884.J
The Visible Supply
Cotton
of
to-niglit,
as
made up by cable
bales less than at the same period last year.
The receipts at
the same towns have been 5,699 bales more than the same
week last year, and since September 1 the receipts at all the
towns are 188,695 bales less than for the same time in 1883.
and telegraph, is as follows. The Continental stocks, as well as
those for Great Britain and the afloat, are this week’s returns,
and consequently all the European figures are brought down
to Thursday evening.
But to make the totals the complete
figures for to-night (Nov. 14), we add the item of exports from
the United States, including in it the exports of Friday only,
fltook at Liverpool
Stock at London
bales.
Total Great Britain stock.
at Hamburg
at Bremen
at Amsterdam
at Rotterdam
at Antwerp
at Havre
Stock at Marseilles
Stock at Barcelona.
Stock at Genoa
Stock at Trieste
Stock
8tock
Stock
Stock
Stock
Stock
1834.
1883.
1832.
434,000
46,000
484,000
77,000
4S3,000
42,200
4S0.000
2,100
561,000
528,200
3,000
16.000
50,100
39,000
25,200
7,700
1,500
49,900
14,900
1,060
400
1.950
130,000
140,000
2,600
30,000
3,590
Galveston
New Orleans.
Mobile
Savannah...
Charleston
32,100
Wilmington..
6,500
4,000
3,850
Norfolk
Boston
Baltimore—
499,000
4,000
34,800
33,000
...
J.100
1,500
1,700
129,000
6,000
25,000
4,600
133,000
....
m
Egypt, Brazil,&c.,aflt for
E’r’pe0
Stock in United States ports
Stock in U. S. interior towns..
United States exports to-day..
•
Total visible
o
supply..,
6,000
1881.
9,000
35,000
6,000
9,000
250,600
286,300
214,600
267,350
749,600
766,300
43,000
507,000
46,000
779,412
181,980
42,100
70,000
513,000
68,000
775,600
99,000
507,000
795,550
59,000
32,000
695,579
32,000
823,537
306,758
7,005
Total European stocks
India cotton afloat for Europe.1.
Arner’n cott’n afloat for Eur’pe
0
Quotations for Middling Cotton
7,700
.
>8
bales
240,000
2 24,000
202,000
102,000
188,000
513,000
812,179
298,748
50,600
96,000
507,000
695,579
364,000
111,000
364,000
823,537
200,718
15,109
306.758
16,700
507,000
779,412
131,980
42,109
..
..
Liverpool stock
204.000
55,000
148,600
43,000
..
London stock
..
..
,.
Total East India, &o.
Total American
210,000
46.000
98,309
7o,000
232,000
77,000
68,000
32,000
118,609
99,000
.2,349,092 2,608,8 27 2,324.997 2,397.545
578(l.
G%d.
5H16(l.
6^16(1.
compared with 1881.
At the Interior Towns the movement—that is the receipts
for the week and since Sept. 1, the shipments for the week, and
the stocks
to-night, and the same items for the corresponding
period of 1883—is set out in detail in the following statement.
all
'
M
new
r
P*T
c' *
towns
7\
P
x
»
£.
old
\
X
—
<
X X
c
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- :
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•
Total,
•
•
towns.
p
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r?E
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2
or
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i
10H
!
10%
10%
9*8
10:%
9*8
0\
9 r,8
934
934
934
9%
978
i
Plantations. —The.
.
St'k at Interior Turns. lt‘c’pts
18S4.
1832.
Aiifr. 29
21.032
22,971
15.52(
Sept. 5
33,303
4,914
16,337
16,511
64,318
42,624
19,115
“
12
28,683
49,512
“
19
77,223 90,819 80,737 29,985
-
26
“
10
“
17
ik
“
136,479 125 032 118,463
179,881 105,461 168,721
206,136 228,897 205,313
3
Oct.
95,675
242,329 257,276 242,289 125,039
211,738 2:2.S45 285,112, 139,317
256,623 211.921 277,470 175,092
262,251 267,604 257,041 211,740
Oj
•31
7
Nov.
“
46,0^2
76,862
259,151 242,0781
14
269,1141 244.123
i 1834.
| 1883
50.309
16,342
from Plant'/is.
1882.
1883.
21,23!
22,754
37,728
| 1834.
4.057
16.S64 29,081
10,859
20,427 52,103 09,7011 46,187
75,179' 21,317 88.093 113,009 84,627
105,778 30,155 153,116 155,63
L[ 130,301
137,536 49,407 210,123 197,219 182,063
104,915 68,103 221,949 258,276 223,924
202,970 92,651 271,693 295,3 31 266,835
236,986*129,511 256.016 283,861 321,989
276,734 156,03s' 292,398 281,069 301,017
313,249 1 71,996 298,899 304,119 275.079
343,929 193,970 291.537 272,758'293,C88
53,576
58,989
The above statement shows—1. That the total receipts from
the plantations since September 1. 1884, were 2,143,740 bales;
in 18S3 were 2,270,362 bales; in 1882 were 2,172,709 bales.
2.—That, although the receipts at the outports the past week
269,114 bales, the actual mo vein mt from plantations was
293,088 bales, the balance going to increase the stork at
the interior towns.
Last year the receipts from the plantations
for the same week were 272,758 bales and for 1882 they were
291,537 bales.
were
give the receipts from plantations in another form, and add
date,
in sight.
same
now
1383,
and also the
so as to give
138 2.
1831.
Tot. receipts from planta’tnsj2,l 13,7 10
Net overland to November 1..
93.2.4
Southern eonsumpt'n to Nov.lj
50,000
2,270.362 2,172.709,2,191,109
126,859
93.8571
126,083
59.000
59.00!)|
45,000
sight November 14. ;2.‘292,01 1 2,456,‘221 2,32 5,500 2,362,192
Northern spinners’
November 14
takings to1
I
319,017!
496,065
4tl,23l|
528,756
by the. above that the decrease in amount in sight
compared with last year, is 10 1.207 bales, the decrease as
compared with 1882 is 33,552 bales, an 1 with 1881, 70,173 bales.
to-night,
as
Weather Reports by Telegraph.—In consequence
CC CCXCCGHO cc©
(P.-03
10*8
10%
10
It, will be seen
M
*4 — to — — —
03 O' to © X M O* © © Ot
© If* to X <1 to O' -I
© X O' — to CO © O C G»'
X © © to CM **1 if* © — © :
if*. © © cn cn © 03 © to
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-
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8
^
*/.
c
V:
©
X
X
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^
*
year's figures estimated.
The above totals show that the old interior stocks have
increased during the week 21,630 bales, and are to-night 110,70S
9L.
978
!
t
)U
to
X-lMifk© — -
•~4
to — M M
b
C5
*
to
co m if* 05 x on co
o
o
05if* 05
971«
!
~8
10
M
*j to©M tOGicc©
to— ©CC.
CO
O
97m
—
to m 01 a
Vaeccoi©
MtUQtOX
f*
©
X
99|e
9*8
Receipts nt the Purls.
Total in
i;
r
—
to —Mto
9*8
9%
10
CM
X to © 35 X to to 10 35 XGiCr MCO-A
CC X — X © Gl © © to X --1 C 1
© GI M M to CC 05 © to C: M 05
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"to
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to
M
O
gu
!)L
9-->8
from the
9
Receipts :it the ports to Nov. 14 l,961,985 1,975,539 l ,915,071 1,390,828
Interior stocks on Nov. 14 in!
excess of September 1
:
181,755, 291.773 227,638. 200,231
"C
^
M
M
99,fi
i
b-8
U
10
1038
9 ^
93,6
9%
934
9*8«)11i6!
10l8
1038
9^2
1884.
ic Cc
H-tt*O50:c:x
to rf* M © to X CO 01 U
—
to’c b-1 io
913,6
9 8?
cc
-2
M'OMtcxMto
!
9'8
91l^70
substantially the amount of cotton
to
MM
—
94t
9^
Amount of Cotton in Sight Nov. 14.—In the table below
>
CO
9Li
934
to them the net overland movement to Nov. 1,
M
©
9;j8
98j
9716
67m
Fri.
34
934
934
934
9'g
1010
takings by Southern spinners to the
to
to
10H
|
9
9l:il«3>7g
1S83.
we
•
•
CO
Ol
CD
Towns.
^
r-
a
934®78
10
9 \ & 7s
l<*i4
Tliars.
9U,fi
99,^38
9^
1882.
-
figures indicate a decrease in the cotton in sight
to-night of 259,785 bales as compared with the same date of
1883, an increase of 24,095 bales as compared with the corres-.
ponding date of 1882 and a decrease of 48,453 bales as
~r
UVrfi
Eiulinj—
496,600
492,300
608.600
411,550
.1,852,492 2,116,527 1,716,397 1,985,995
imports into Continental ports this week have been
2.
10
94t
9?i
Wednes.
receipts from plantations.
59,000
32,000
*
The above
Total, Total,
9 9 It:
lues.
following table is
prepared for the purpose of indicating the actual movement each
.veek from the plantations. Receipts at the outports are some¬
times misleading, as they are made up more largely one year
chan another at the expense of the interior stocks.
We reach,
therefore, a safer conclusion through a comparative statement
like the following.
In reply to frequent inquiries we will add
that these figures, of course, do not inclu le overland receipts
or Southern consumption; they are simply a st iternent of the
weekly movement from the plantations of that part of the crop
which finally reaches the market through the outports.
122,000
42,200
156,350
56,000 bales.
EKrr-?:?;
97tfi
9!lm
9111 fi ®
....
.
Price Mid. Upl., Liverpool
The
"
46,000
..
9il16
911,6
.
Receipts
..1,852,492 2,116,527 1,716,397 1,935,995
East Indian, Brazil, die.—
95s
9*8
St. Louis
Cincinnati...
Louisville
16,700
Continental stocks
American afloat for Europe
United States stock
United States interior stocks..
United States exports to-day..
..
9«a
oq
Memphis
American—
..
J [on.
09ie
9918
•)7,6
911m
Philadelphia.
,319,092 2,608,827 2,324,097 2,397,545
..
Satur.
...
Of the above, the totals of American and other descriptions are as follows:
Liverpool stock
closing quotations tor middling cotton on-
Wed: ending'
Nov. 14.
364,000
200,718
15,100
50,6 JO
Other Markets.—
quotations of middling
cotton markets for each
day of the past week.
Augusta
842,179
293,748
at
In the table below we give the closing
cotton at Southern and other principal
444,000
55,000*
557
of the
exceedingly favorable weather for crop gathering which has
prevailed at the South, cotton is being secured very rapidly,
and in excellent condition.
Our correspondents are beginning
to report picking about completed in some districts.
Galveston, Texas.—It has been showery on one day of the
week, the rainfall reaching forty-one hundredths of an inch.
Average thermometer 67, highest 75 and lowest 50.
Indianofa, Tevav.—We have had one shower during the
week, the rainfall reaching fifty-one hundredths of an inch.
About one-half of the crop has been marketed.
Picking is
progressing finely. The thermometer lias averaged 06, the
highest being 72 and the lowest 58.
Palestine, Texas.—There lias been one drizzle during the
week, the rainfall reaching one hundredth of an inch. There
lias been frost, but not killing.
Picking is making good
progress, and about two-thirds of the crop has been marketed.
The thermometer lias averaged 57, ranging from 39 to 71.
Neon Orleans, Louisiana.—We have had
The thermometer has averaged 59.
week.
no
rain all the
THE CHRONICLE.
558
Shreveport, Louisiana.—The weather has been clear during
the greater part of the week, the rainfall reaching but seven
hundredths of an inch. The thermometer has ranged from 52
to 73, averaging 54.
VicksOury, Mississippi.—There has been one very light
shower during the week, the rainfall reaching two hundredths
of an inch.
The thermometer has ranged from 32 to 72.
Greenville, Jhsains ppt.—Telegram not received.
Columbus, Mississippi.—We have had no rain all the
[Vol. XXXIX.
According to the foregoing, Bombay appears to show a
compared with last year in the week’s receipts of
8,000 bales, and a decrease in shipments of 1,000 bales, and
the shipments since January 1 show a decrease of 86,000 bales.
The movement at Calcutta, Madras and other India ports for
the last reported week and since the 1st of January, for two
years, has been as follows.
“Other ports” cover Ceylon,
Tuticorin, Kurrachee and Coconada.
decrease
Shipments since January 1.
Shipments for the week.
•wveek.
Great
Conti¬
Arkansas.—Telegram not received.
Great
Total.
Total.
Britain. Continent.
nent.
Britain.
Tort Smith, Arkansas.—Telegram not received.
Helena, Arkansas.—The weather has been cold and dry,
^witiino rain all the week
About all the crop has now been Calcutta4*2,700
125,200
82.500
1884
97,000
86,200
10,800
1883
^secured, and almost without rain or stain. Planters are mar¬
keting freely. Receipts have been heavy but will soon fall Madras—
54,500
54.500
1,500
1.500
1884
off. The thermometer has averaged 55, ranging from 36 to 70.
30,600
29,6j0
1,60J
1,000
1883
1,600
Memphis, Tennessee.—There has been no rain all the week. All others—
41.000
110,300
5C0
69.300
4,000
3.500
1884
Picking and marketing make good progress. The thermom¬
64,000
17,000
6,000
47,000
1883
6,000
eter has ranged from 33’5 to 70, averaging 55.
[The rainfall during October was 2*83 inches, and not *92 Total all83.700
290,000
500
206,300
5,500
5.000
-•of an inch, as stated last week.]
1884
28,800
191,600
7,600
162,800
1883
7,6
JO
Nashville, Tennessee.—No rain all the week. About all
Afche crop has now been secured. Average thermometer 51,
The above totals for the week show that the movement from
highest 67 and lowest 29.
the
ports other than Bombay is 2,100 bales less than same
Mobile, Alabama.—No rain all the week. Picking proweek last year. For the whole of India, therefore, the total
The thermometer has averaged 54, the highest
r/gresses well.
shipments since January 1, 1884, and for the corresponding
being 73 ana the lowest 37.
Montgomery, Alabama.—No rain all the week. Picking periods of the two previous years, are as follows:
is progressing finely; nearly all the crop has been secured—
EXPORTS TO EUROPE FROM ALL INDIA.
fully seven-eighths. Most farmers are marketing freely. The
1882.
•. thermometer has averaged 53, ranging from 33 to 77.
1883.
1884.
Shipments
Selma, Ain bam a.—The weather has been cold and,dry all
This
Since
This
Since
Since
This
to all Europe
~the week.
No rain. Our crop estimate has been reduced.
week.
Jan. 1,
week.
Jan. 1.
week.
Jan. 1.
from—
'The thermometer has ranged from 34 to 65, averaging 49.
4,000 1.237,06o
4,000 1,399,000
3,000 1 151,000
Auburn, Alabama.—We have had no rain all the week. Bombay
3.70 lj 291,000
All other ports.
230,000
5,500
'There was killing frost hist Friday.
7,C00|
lfl.600
Average thermometer 52,
highest 70 and lowest 31.
7,700! 1,690,000
Total
8,500 1.441.000 11,600! 1,428,6 JO
Madison, Florida.- There has been no rain during the
’week.
The thermometer has averaged 00, the highest being
This last statement affords a very interesting comparison of
'78 and the lowest 41.
the total movement for the three years at all India ports.
Macon, Georgia.—There has been no rain during the week.
Alexandria Receipts and Shipments.—Through arrange¬
C- lumbits, o eorgia.—We have had no rain during^ the
week.
The thermometer has ranged from 31 to 68, averaging ments we have made with Messrs. Davies, Bemchi & Co., of
o4.
Liverpool and Alexandria, we now receive a weekly cable of
Savannah, Georgia.—The weather has been pleasant during the movements of cotton at Alexandria. Egypt. The following
the week, with no rain.
Average thermometer 56, highest 70 are the receipts and shipments for the past week and for the
corresponding week of the previous two years.
and lowest 41.
Augusta, Georgia.—The weather lies been pleasant but very
Ale-ntnur',a, Eoypt,
1882
1883.
1884.
dry during the week. Picking is nearly completed in this
November 12
section, and about one-had* of the crop has been marketed.
i
The thermometer lias averaged 51, the highest being 71 and Receipts toantars*)—
|
170,040
Little Rock,
......
.
...
*■
v
This week....
Since Sept. 1
the lowest 35.
The ther¬
week.
averaged 51, ranging from 32 to 66.
Atlanta, Georgia.—No rain during the
mometer has
Charleston, Smith Carolina.—We have had no rain during
the week.
The thermometer has ranged from 40 to 69, aver¬
aging 57.
Carolina.—Telegram not received.
Stateburg, South Carolina.—We have had no rain during
Ice formed in this vicinity on three days, hut the
killing frost was confined to low grounds. The thermometer
has averaged 52*8, the highest being 67 and the lowest 30.
Wilson, North Carolina.—The days have been warm but
the nights cold, with no rain all the week.
Ice formed in this
vicinity. The thermometer has averaged 51, ranging from
;
8 t3,Oi.O
1
190,00)
822,000
1
5f6 000
|
'
This
week.
Exports (bales)—
AjlVOlpUOl
...17.000
To Continent
4,000
1\>
Columbia. South
200.000
Sept. 1.
58,000
10,000
36.000
60,000 ; 17,000
14,0.0; 7,000;
Since
1,000
2i,'00,
24,COO! 79,000 10,000
80,000
21,000
Europe
Total
Since
This
Since !
Sept. 1. I week. Sept. 1.
This j
week. |
37,000
the week.
28 to 68.
The following
statement we have also received by telegrapn,
showing the height of the rivers at the points named at 3 o’clock
November 13, 1884, and November 15, 1883.
Sov.
sSTew Orleans
13, '84
Inrti.
Feet.
12
..
O
3
11
8
11
8
0
.'Memphis
Nashville
Above low-water mark.
lo'i’-wuft'r mark.
Shreveport
Viokslmrtr
4
,
10
A
op.
Feet
10
14
15
11
19
<>
BOMBAY KECEiers
Shipments this tcet’K
^fear. Great Conti¬
>Brit'n. nent
!
1884! 2,000
1,000
1833 4.-00
18821 3,000
1881 10.000
i’oib
3.0111 > 1
,
Total,
VXD SHIPMENTS FOR FOUR YEARS.
Shiftmen}* since Jan. 1.
! Great j Conti- j
j pritaiii tient. 1
_
,
,
Total.
Receipts.
This
Week.
j Strict
| Jan. L
6,000 1,5-4 00U
3.000 505,0 >0 64 0.000 1,151,000
4,00 > 4 1,000 7-3,000j 1,237,000 1-1.000 1.629 OO
8.000 1,668 OO
i ,O.M) 77 <,00O 62f .000 1.399.000
.O v) ;■( !
OOd i r> .in.< \ .V3 ».noo
1883
1884.
<4.
94
Sep. 12
e
19
9
“
9
26
Ocr. 3 8=58 4
d.
89., 7t>
“
“
1 »
17
•
“
24
“
31 8” lb—slhb
Nov. 7
**
l L
Shirtings.
H.
'4* —Sl'be
*
-
°i<
7
g
—suq
>1
9
d.
(j.
5
84^7
5
7
7
5
5
0
4 0 8
GotCh
Mi'l
8lbs.
32# Cop.
Twist.
••
reported lielow high-water mark of 1871 untii
Sept. 9, 1874, when the zero of gauge was changed to highwater mark of April 15 and 16, 1874, which is 6-10ths of a fool
above 1871. or 16 feet above low-water mark at that point.
India Cotton Movement from all Ports.—We have
re-arranged our India service so as to make our reports more
detailed and at the same time more accurate. We bad found
at impossible to keep out of our figures, as cabled to us for the
ports other -than Bombay, cargoes which proved only to be
■shipments from one India port to another. The plan now
followed relieves us from the danger of this inaccuracy and
i.keeps the totals correct. We first give the Bombay statement
dor the week and year, bringing the figures down to Nov. 13.
week ending
to all Europa
Manchester Market.—Our report received from Mancheste
to-night states that the market is firm. We give the prices
for to-day below, and leave previous weeks’ prices for com¬
parison.
tltS-
New Orleans
j
This statement shows that the receipts for the
Nov. 12 were 200,000 cantars and the shipments
21.000 bales.
83
5
5
8
11
13
A eatitar is 98 lbs.
*
5
5
5
5
[5
®7
it"
Upl
d
d
lk?
6*8
0
0
5l5lh
6
5
5k) #6 lok)
5k) it 6 104
5 k) n 6 10 k)
hi ft 7
0
a^(t>7
0
1
8
®7
hi
f» 4
5” is
5 71 ft
Sb ir tings.
H.
d.
,i
8 4® 8 7e 5
8 4 ® s7b 5
84 ft d 8! :h 5
5
8:4 <t> a
9
5ii16
5 k> 'l 6 1 () 4
C.
8
Cott
8~ift4> 9
899
879
I 57, ft 87,ft®
! 51 4ft 87,ft®
'9
8
n
84 tbs.
32# Cop.
Twist.
"5
5
5
5
5
5
d.
M.
6
®7
6
’& 7
6 'it 7
6
@7
6 ®7
6
®7
7 'tf 7
®7
6
6
®7
6
®7
Up t*
d
d.
0
0
0
513,6
5I,ji6
14
578
14
14
64
54
51j16
6
14
1 4
6
14
14
5lDlt5
578
Report.—We gave November!
the results of Mr. Ellison's Annual Report, as received by cable;
Ellison's Annual Cotton
editorial columns the full report.
Jute Butts, Bagging, &c.—The demand for bagging has
con-inued during the week, and parcels are going into con¬
sumption .quite iieely, and the market is fairly busy in filling
the orders which are coming to h ind.
There is a steady feel¬
ing Mmong sellers, who are asking b-*4c. for l]d ibs., 9aj'c* f°r
1% lbs., 10c. for 2 lbs. and 10a4e. for standard grades. Butts
are not active and the market is ratlin* tending in buyer s
to-day
we
give in
our
favor, and sellers are anxious to work off
There have been a few lots taken at 1
stock.
some
of their
'in2c. for paper
grades, and tli3>e figures are named for further io.s. Bagging
qualities are quoted at 2’4(A2}do., but we hear of only a smal
THE CHRONICLE.
1884.]
Agricultural Department’s Crop Report.—The follow¬
ing is the statement of the Department, issued on
Nov. 12, as to the cotton product this year:
“
The November returns of cotton to the
Wednesday,
Department of Agric iltnre
relate to the .Yield per acre, and show the effects of the long-continued
drought in reducing production. The lateness of killing frosts has loss
effect tli n usual in • nlarging the yield, ns the vitality of the plants was
too nearly exhausted to piodu e a top crop.
Tlic drought had not been
brokeu at some points on the Gulf coast at the d ite of returns. The
indicated yield per acre is lower in nearly every State than in ilie Census
which was on * of average product.on. Tile lowest yields at e now,
0,3 then, i n Florida, Georgia, Alabama and Texas.
The reduction is this
year very marked in Louisiana and Arkan as. the region of the mo t
year,
productive cotton lands. The returns by States indicate the yield
per
foil >\vs, the figures being subject to modification by fuller
Virginia, lvO pounds; N.rtli Carolina, 17,■; South Carolina.
lr>2; Georgia, 135; Florida, 105; Alabama, 13*; Miss ssippi. 175; Lou¬
isiana, 196; lexas, 143; Arkansas, 200; Tennessee, 160. The indica¬
tions point to a crop somewhat larger than that of 1883. gathered in
unusually fine condition, of good color, unstained by storms, and free
from trash and dirt.”
as
returns:
559
movement for the years named.
The movement during-;
September, 1884, and previous years, has been as follows.
Tear
Monthly
Receipts.
1881
1883
Beginning September l.
1882.
1881.
1880.
1879.
,
November 15,
313,812
345,445
3ept’mb’r
October.. 1,090,385 1,046,092
Total year 1,435 830
Perc’tage of tot. port
receipts Oct. 31...
326,656
980,584
429,777
458.478
853,195
968,318
333,643
888,492:
1,389,904 1,307,240 1,252,972 1,426 796 1,222 133.
28 66
21 72
27 15
24*29
24 43
acre
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.
obtain the result in bales we have divided the pounds by
To
455.
This
figure is taken on the expectation (judging from present
indications) that net w eights will average about that figure
this year.
J'rod net ion.
Pounds Lint
*
States.
Per Acre.
Acreage.
Pounds.
Bales.
This statement shows that up to
Oct. 31 the receipts at the*
ports this year were 45,926 bales more than in 1883 and!
128;590 bales more than at the same time in 1882. By adding:
to the above totals to October 31 the daily receipts since*
that time, we shall be able to reach an exact comparison otT
the movement for the different years.
1
1884.
J
1883.
1832.
1881.
1880.
1879.
Tot.Oc.31 1,435,830 1,389.904 1,307 240 1,282.972 1,426,796 1,222,135*
32,374
36,792
31,747
29,101
46,514
30,704
Nov. 1....
“
2....
8.
*•
3....
“
4....
59,119
40,493
“
5....
34,86":
“
6....
34,599
“
7....
“
38.060
43,629
37,218
41,574
27,151
35,983
33,538
46,140"'
8.
33,904
48.836
41,655
33.310
61,341
8.
31,603
30,902
38 55.-
49,216
8.
55,664
29,924
56,307
34,133
42 475
40.365
8.
8....
29,523
31.301
40 103
8.
32,773
63,578
33,268
37 582
9....
36,297
57.777
40.339
35,842
8.
33,590
31 966
46,584
4
7,06J
37,897
8.
29,6? 27
49,310
2S,562r
Virginia.
ISO
45,650
8,217,000
IS,059
“
No. Carolina.
175
1,060,500
407,885
“
So. Carolina..
152
1,716,1 JO
573,304
“
n.„i
41.677
8.
38,631
26,138
32,S4»
Georgia
135
2,959,190
185,587,500
260,853,280
398,910,650
876,< 02
‘
12...
57,258
8.
29.13i
51,779
32,278;
Florida
105
.268,320
C 1,920
“
13....
30,801
33.451
36.503r
2,740,500
“
14....
36 71*
8.
43,440
Mississippi-..
175
Louisiana....
190
2,391,900
OS 2,680
783,000
919,961
52,090
33,566
S.
133
34.93G
50,219
67,76 j
Alabama
....
Texas
Arkansas
....
.
175.309,290
38 >,295
143
3.180,750
455,70),2:0
200
1,259,2 0
815,070
60,00 )
251,856,000
13 kill,200
9,240,000
1,001,550
553,529
286,019
20,308
17,425.980
2,679,191 180
5,8b8,332
Tennessee....
1GJ
All others
154
Total
153*8
In the last
28,173,600
356,265 000
418.582,50 0
report of the Agricultural Department, issued
given at about 6*4 million bales. Appar
Oct. 10, the crop was
ently, therefore, later investigations have proved the Depart
ment's former estimate inaccurate, and this is the one it wished
to stand by.
10
Total
44,f 91
...
...
31,943
1,961,955 1,886,781 1,810,224 1,723,244 1,896,357 1,667,439"
Percentage of total
port reo’pts Nov. 14
38-90
3007
36 51
33-33
32-29
This statement shows that the receipts since Sept. 1 up to*to-night are now 75,2 34 bales more than they were to the same*
day of the month in 1883 and 15i,761 bales more than they were
to the same day of the month in 1882.
We add to the table
the percentages of total port receipts which had been received;
to November 14 in each of the years named.
r
Shipping News.—The
exports of cotton from the United4
past week, as per latest mail returns, have reached
National Cotton Exchange Estimate of the Yield 182,972 bales. So far as the Southern ports are concerned, these*
are the same exports reported by telegraph, and published in*
1884-85.—The final report on the cotton crop for the year
the Chronicle last Friday.
With regard to New York we*
18^-85, issued by the National Cotton Exchange on Nov. 10, is
include the manifests of all vessels cleared up to ThursdayEummarized as follows:
Puking has piogressed so rapidly with the excellent weather which night of this week.
has ) revailed throughout tlm cotton belt, and with the almost total
oblit< r ttion of the top crop. I have d euied it advisable to issue our riual
estin a e of the cr<>p at the present time.
Our reports of the acreage by'comities have been carefully collated,
and efforts m.ide lliroughnut the sea.-on lo get ihem as correct as
possi¬
ble. The final revision, wo think, is about as lie <r correct as it is possi¬
ble to attain. Oar ret mis <>t production by counties are on the basis of
(letin ali of a i'H e i cr acre, which we have adopted in accordance with
the le u.ntion of the. last convention of lire National Colton Exchange.
In the Mississippi Valiev and Texas tin re has been a decrease of a «>m
200,010 bait's, which is < ffset by an increase in the crop of Alabama and
the Atlantic seaboard. 11 the prospects of certain districts fora ton
crop
are realized, tie agi.ivg.ite
may he enlarged to the extent of 75,000 bales
The. crop by s t.ste-t is e-uiina *d as follows :
Acres Plant) d. Prod ait per
Acre. lotal Product.
Bale.
Virginia
4 1.62 )
;.
North Carolina
South Carolma
1,01'.,029
U 90,374
2,90 ..260
252,525
Georgia
Florida
Alabama
Tennessee
M S issi pi
Arnaults
2,656,070
795, 3)2
2,277,84 l
1,214,355
..
Louisiana
Texas
893,28-9
3,18*’,'91
70,000
Misson i, Ac
Total
10.993,201
Bates.
14.728
.397,491
572.535
•:n
*J8
‘36
*29
*29
•21
•35
•35
•12
•47
•30
•33
8-9,925
73,23 2
823,001
2 8,387
797,24 4
510,030
41;*,84-.
9 5,978
23.100
1
5,726,157
The middle crop has
turn, tl out only- moderate and the top crop
^hcmely
small,ustfn ihe Aibuitie
^heading and
very
i
ite
uplands in
the
States and Alabama the less fr. m
heavy and the yield very much reduced,
Mis-dssippi Valley.as a rule, suffered from the drout h.
was
jina
* xpectut ions
mes August
m the bottoms the
were uot realized. On the other hand, in luc li¬
very late planting turned out well.
The Texas
average, owing to the extraordinary drouth, is brought down v< ry low.
yi favorable weather for picking lias resulted in improving
Uon ami
cleanliness of the
the eondi-
cotton.
Comparative Port Receipts and Daily Crop Movement.
“~A comparison of the
port movement, by weeks is not accurate >
J83 the weeks in different
do not end on the same day of
the month. We have
consequently added to our other standing
tables a daily and
monthly statement, that the reader may
constantly have before him the data for seeing the exact relative
years
States the
Total balm.*
New
York—To Liverpool, per steamers Hiela,
of Berlin. 1,721
City of Montreal, 1,881
858
—
City
European,
Orcgm, <05
Spain, 1.M4
11.680*
To Hull, per steamer Marengo. 2,465
2,465To Havre, per.-trainers Labrador, 2,212— Sully, 813
3.0_'5To Bordeaux, per steamer Chateau Leavil’e, 2*0
280*
To Bremen, per stealuets Ems, 850
Rhein, l .110
1,96<*
To Hamburg. per steamers Lessing, 1.550—Rug a. 1,436..
2,i»8Iv
To Antwerp, par steamers Jan Breydel, 1,458... PcuuhiLd,
1,582
Rubens, 524
Sikh, 612
4.17(8
To Copenhagen, t er steamer Geiser. 3.7...
317
Orleans—To
New
Liverpool, per steamers Jamaican. 3,670
4,921
Texan, 8,367
12,03T
To Havre, per si earners Flachat, 4.163—II »y tieii, 4.512...
Topaz**, 5,400... per baric Win. Dunrie, 2,8*8
16,963:
To Bremen, per steamers Stanmore, 4,033
Wuotan, 4,000 8,039*
To Koval, per steamer Win. Bail*y. 5,0.7
5,627
Charleston—J o Liverpool, per steamers Affirm dark, 5.200
Coventry, 1.5; 0... per barks Mercator, 1,255... Osmna,
Ottillie, 1,050
per barks bravo, 1,425
Guffvang, 1.c25.
BaiJ, 1,300
To Bremen, per steamer Bedford, 4,600
To Keval, per
,
4,150...'.
To Barcelona, per steamei s Minerva, 3,C00... per selmom r
John JI. Tiagiic, i,71v*
2,0u0
To Havie,
Savannah—To Liverpool, per steamer Ilarrowgate,
'J o Bremen, per steamer Ixia, f>,81 ().To Amsterdam, per steamer Eglantine, 3,750
5,737
(Jotlu-iilieig, per bark Bedfordsliiv
1 365
Galveston—To Liverpool, per steamers Floridian, 8,324
Mmehi n< ss, 5,150
River Garry, 3,214
To Vera Cruz, per steamer Whitney, : 9J
Wilmington—To Liverpool, per steamer Cain Brea, 4,632
per brig Express. I,*'36
To Ani'tci d;*in, pel* bug Diana. 1.100
Norfolk—To Liverpool, per s earner Dago, 5,8 il
per hark Mary Jane, 5.325
_■
Baltimore—To Liverpool, per steamers Barnwmore, 4,979
4,710
3,750
1,36£>
16,688^
bill*
5,688
1,16)0-
11;166
—
13.07C '
Ilohemstauff'en,
2,937.......
To Antwerp, per steamer Suffolk. 3 5' 0
Boston—To Liverpool, per steamei s Palestine, 1,758.. .I’avonio,
1.95 >
Virginian. 2,239
To Yarmouth, N. S., p< r steamer Dominion, 50
Philadelphia—To Liverpool, per steamer Indiana, 1,50a
Total.
4,250
4,6(0
4,150
5,737
5,810;
To
Castle Eden, .<.8oO
Nes-niorc, 4,297
To Bremen, per steamer America, 2,377
14,6Cf>
..
5,314
3,5tO*
5,950}
_C>0
1.509-
182,972
particulars of these shipments, arranged in our usua 1
form, are as follows:
The
THE CHRONICLE.
560
Rcval,
New Yort.
N. Orleans.
Charleston.
Bax'annul..
Galveston.
Wilmington
Norfolk....
Baltimore..
Boston
Philadelp’a
Total..
11,680
16,963
4,250
12,037
14.605
8.039
4.6C0
5,810
5,737
16.688
5,027
1,150
3,750
42,063
32,315
16.6H2
4,710
1,365
17.687
1,100
6.788
3,500
5,950
21.S90
6,000
1,503
1,509
5,OSS
11,166
11.166
13,076
5,314
4,710 132,972
999
2,165 24.518 28,709 12,526 10,859
98.136
Wednes., Nov Vi.
Tfaurs., Nov. 13.
Open High Low. Cl08.
Open High Low. Clos.
.
Havre
Amstir- Gothen-"
and Bremen dam, <£ berg <£•
Bordc- d Ham- AntCopen- Barceaux.
Hull.
burp. uerp. ha pen. Iona.
Total.
317
26.889
2,465 3.305 4,946 4,176
Lite) vooi.
[Vol. XXXIX.
Included in the above totals are from Galveston to Vera Cruz,
bales; from Roston to Yarmouth, N. S.. 50 bales.'
z
d.
d.
d.
d.
d.
d.
d.
November..
Nov.-Dec...
5 37
5 38
5 37
5 33
5 43
5 43
5 43
5 43
5 37
5 33
5 37
5 33
5 43
5 43
5 43
5 43
5 41
5 41
5 39
5 30
Dec.-Jan....
53)
5 40
5 3a
5 40
5 43
5 45
5 45
5 45
542
5 42
5 4!
5 41
Jan.-Feb
5 42
5 43
5 42
5 43
5 48
5 48
5 48
5 48
5 45
5 45
5 45
5 45
Feb.-March. 5 45
5 47
5 45
5 47
5 51
5 52
5 51
5 52
5 49
5 49
5 48
5 4S
5 49
5 50
5 49
5 50
5 55
5 55
5 55
5 55
5 52
5 52
5 51
5 51
556
...
March-Apr.
April-May..
May-June..
June-July..
J uly-Aug...
Aug.-Sept...
d.
d.
d.
541
541
5 39
5 30
5 53
5 34
5 53
5 54
5 59
5 59
5 59
5 59
5 30
5 56
5 53
5 57
5 58
5 57
5 58
5C3
5 03
5 02
5 62
5 59
5 59
5 59
5 50
5 01
5C2
5 61
5e2
6 03
6 03
6 02
0 02
5es
5 03
5 63
5 63
....
....
....
•
....
...
...
...
....
....
....
Sept.- Oct..
Below we add the clearances this week of vessels
cotton from United States ports, bringing our data
Open High Low. Clos.
d.
....
••.
....
...
...
....
....
....
....
....
....
....
....
....
....
••M
carrying
down to
the latest dates:
Galveston—For Liverpool—Nov. 12—Steamer Fernliolmc, 6,159.
For Bremen—Nov. 12—Steamer Black Watch, 5,022.
New Orleans—For Liverpool-Nov.' 8—Steamer Leonora, 6,150
Nov. 1C—Steamer Navarro, 7,400.
For Havre—Nov. 8—Ship Scotia, 3,580.
For Rouen—Nov. 8— Steamer Chancellor, 650.
For Bremen—Nov. 8—Steamer Honan, 4,000
Nov. 11—Steamer
BREADSTUFFS.
Friday, P. M
The Hour market
The demand for all
,
November 14, 1884.
dull and depressed early in the week.
grades seemed to ccme almost to a stand¬
was
still, and prices, although without marked decline, ruled
strongly in favor of buyers, even at the low figures previously
cuirent.
Corn meal was also quiet, but buckwheat flour was
Savannah—For Havre—Nov. 11— Steamer River Ettrick, 3,775.
in
fair
request.
For Bremen—Nov. 7—SteamerSoutliwold, 4,813.
For lteval—Nov. 10—Steamer Srandaid, 4,300.
The wheat market had also a downward tendency early in
For Santaudar—Nov. 10-Brig Selina Stanfoid, 1.100.
the week, but with the speculation feverishly active: and the
Charleston—For Liverpool—Nov. 8—Bark Evcelsior, 2,025
Nov.
10—Bark Mary Graham, 2,100—Nov. 12—Steamer J. M. Lockfluctuations, within narrow limits, were frequent and fitful.
wood, 4,234.
For Havre—Nov. 8-Bark Abel,
1,062
Nov. 12—Bark Anna The extreme low prices wfliich have been reached have seemed
Thopmann, 1,250.
to discourage sales for the decline, and yet the situation
For Gothenburg—Nov. 8—Bark Hilda, 5,600.
Wilmington—For Amsterdam—Nov. 12—Bark Kallisto, 1,754.
not
Norfolk—For Liverpool—Nov. 8-Steamer Essex, 7,088
Nov. 12- regarding the prospective supply and demand was
such as to promote buying for the rise, and in the= uncertainty
Ship William Law, 6,396
Nov. 13—Ship Senator, 5,315.
For Genoa—Nov. 8—Bark Heinrich von Schroeder, 2,132.
the rumor or impulse of the hour controlled the course of
West Point— For Liverpool—Nev. 11— Ship Willrelmine, 3.310.
Boston—For Liverpool—Nov. 4—Steamer Borderer, 3,281
Nov. 8—
values. A scarcity, and the comparatively high rates, of ocean
Steamers lsirian, 1,305; Norseman, 2,195.
For Yarmouth, N. S.—Nov. 10- Steamer Dominion, 1.
freights have had a tendency to limit the export demand. On
Baltimore—For Liverpool—Nov. 8—Steamer Mentmore, 4,921
Nov.
Wednesday, however, it was reported that a large number of
10—S earner Caspian, 2,928.
For Havre—Nov. 10—Steamer Castle Craig, 3,036.
vessels had been chartered to load in December, and yesterday
Philadelphia— For Liverpool—Nov. 11—Steamer Lord Gough, 1,830.
there was some revival of speculative activity and confidence
Liverpool.—By cable from Liverpool, we have the following at the West, giving a stronger turn to futures in thi3 market.
statement of the week’s sales, stocks, &o., at that port.
We
To-day there was a slight further advance in futures, but the
add previous weeks for comparison.speculation was inactive.
Celia, 5.567.
For Hamburg—Nov. 7—Steamer Kehrwieder, 6,200.
For Barcelona—Nov. 7—Steamer Gleiirnth, 4,485.
Mobile—For Liverpool—Nov. 13
.
Bark Anina,
Oct. 31.
Oct. 24.
78,000
Bales of the week
bales.
Of whb h exporters took —
Of which speculators took..
Sales American
Actual export
Forwarded
Total stock—Estimated
Of which American—Estim’d
Total import of the week
Of which American
Amount afloat
Of which American
5,000
1,000
59,000
5,000
16,000
470,00(
252,000
76,000
59,000
184,000
158.( 00
68,000
7,000
DAILY CLOSING
Nov. 14
Nor. 7.
71,000
70,000
8,000
3,000
51,000
9,000
20,000
465,000
258,000
7,00<
1,000
49,000
12,000
26,000
437,000
226,000
84.000
71,000
76,C0(
44,00(
215,000
196,000
1,000
171,000
159,000
47,000
9,000
28,000
414,000
240,000
103,000
89,000
219,000
201,000
Liverpool market for spots and futures each
The tone of the
day of the week ending Nov. 14, and the daily closing prices
of spot cotton, have been as follows:
Tuesday.
Saturday Monday.
Spot.
Wednes.
Thursday
Steady.
’Firm.
Mon.
Sat.
83
Alloat.
831a
79ha
8214
84*8
86*8
83 h
80*3
82h
84 h
86 hi
88*2
January delivery...
February delivery.
Tucs.
Wed.
83
7 9 *4
81*8
83r,g
85*4
8734
83ha
79*8
81*8
83^
8534
87*4
Thurs.
S3
79 h
Fri.
83
81%J
82*4
84%
86%
887e
-
84
8(5
88
•
•
•
only moderately active, and some
irregularity has been developed in the course of values. No
very active influences have been at work, and there is a feel¬
ing of uncertainty affecting the speculation in futures. The
fact that prices for the first three months of 1885 are about
the same will not escape attention.
The business in corn for
immediate delivery has been fair, and there is a scarcity of
samples of the pure grades—white or yellow. To day the
market was dull and scarcely so firm for futures, but spots
Indian
were
Friday
PRICES OF NO. 2 RED WINTER WHEAT.
corn
has been
stronger.
DAILY CLOSING PRICES OF NO. 2 MIXED CORN.
(
Market,
12:30 p.m.
Mid.
^
Firm.
Harden’?. Harden’?.
5 V.
Upl’ds
5*16
Mid. Oil’ns.
Sales
..
.
8pec.&exp.
15.000
2.000
10,000
1,000
5*8
5
51*16
5i*ig
15,000
1,000
10,000
1,000
51 he
5a
578
12,000
2,000
51116
5 '8
J_a Hilary
10,000
2,000
Market,
Market,
5 P. M.
(
j
£
(
Stron? at
Stron? at
Barely
4-64 ad¬
Steady.
steady.
Steady.
vance.
Barely
and
vanee.
steady.
Firm.
Steady.
Quiet.
steady.
Quiet
4-04 ud-
Quiet
but
steady.
was
Barely
steady.
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.
| ^ The prices are given in pence and 64ths, thus:
Open High Low. Cl08.
"
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d
November..
5 33
5 33
5 33
5 33
5 37
5 87
5 36
5 36
5 40
5 40
5 58
5 38
Nov.-Dee..
5 33
5 33
5 33
5 33
5 37
3 37
5 36
5 36
5 40
5 40
5 38
5 38
Dec.-Jan....
5 36
5 36
536
536
5 39
5 30
5 37
5 37
5 42
5 42
5 40
5 40
Jan.-Feb— 5 39
Feb.-March. 5 42
5 39
5 39
5 39
5 42
5 42
5 40
5 40
5 45
5 45
5 43
5 43
5 42
5 42
5 12
5 46
5 46
5 44
514
0 49
5 49
5 40
5 40
March-Apr. 5 46
5 48
5 46
5 46
5 30
5 50
5 48
5 43
5 53
5 5J
5 51
5 51
5 50
5 53
5 50
5 50
j
5 54
5 54
5 5i
5 52
5 50
5 56
5 54
534
May-June.. 5 54
June-July.. 5 58
July-Au?...
5 51
5 54
5 54
,
5 57
5 57
5 56
5 56
5 60
5 00
5 5b
5 38
5 58
5 58
5 38
561
5 61
5 60
5 60
5 03
5 03
5 62
5 62
April-May.
Aug.-Sept...
Set>t .-Oct...
'
....
....
...
....
....
....
....
...
....
....
...
...
...
...
...
•
•
•
•
•
j
;
...
...
...
...
•
*
•
.
*
*
46*4
4714
47q
47 h
5 62 means
....
....
•*
....
....
•
•
•
•
*
47*4
47 ha
47*8
47*8
47*8
52
H
49%
47%
1
I
1
47%
47%
|
flour.
Tues., Nov. 1 1.
Open High Low. Clos.
Open High Low. Cl08.
49 h3
47*8
|
53%
in extra No. 2 Canada at 80c.
Spiiug wheat extra*.
’■
52i4
49
47
47
47
43*1
47
$2 40
Mon., Nov. 10.
Nov. s.
blH
49io
514
Fri.
Thurs.
5 3 hi
52
50
^Oats have ruled comparatively dull and prices have changed
but little from last week.
Some depression was followed by
The free arrivals are largely stored,as usual
more steadiness.
at this stage of the season.
To-day the market was rather
firmer but quiet, and an early advance was lost.
No. 2 mixed
for future delivery closed at 3234c. for Nov. and Dec.
The following are closing quotations:
5 62-64f/., and 6 03 means 6 2-64</.
Sat.
52*4
54
Rye has been quiet. Barley has sold much more freely afc
fully sustained prices. A considerable portion of the dealings
Futures
12:30 p.m.
Wed.
53 hi
54
47
March delivery
Tucs.
54
Mon.
Sat.
Quiet.
.
*
*
Mina, clear and stra’t.
Winter sliipp’g extras,
a inter
clear
and
straight
Patents, winter....
3
3
2
3
3
3
w
05®
GO®
50®
25 d)
75®
05®
3 75®
4 75®
4 25®
2
3
4
3
3
4
3
75
59
50
10
75
85
50
4 75
5 50
City Mill shipp’gex.Shl 509
—
Southern bakers' and
family brands
4 50® 5 2o
South’n ship’g extras. 3
By a flour, superfine.. 3
Corn meal—
Western, &o
Brandywine. <fco
25 ® 4 50
50® 3 8a
3 40® 3
Buckwheat flour per
100 lbs
....195®
Kye—Western
Red winter
White
Com—West. mixed
West. mix. No. 2.
Wh teSouthern..
Ye'low Southern.
5J
53
®
®
®
®
®
®
t.
®
®
-fin
50
2 30
GRAIN.
70
77
81
67
75
49
52
40
5 45
Wheat—
Spring,per bush.
Spring No. 2
Bed winter, No. 2
rnw
_
3 10® 3
80
73
State
S-*4
85
85
.
5212
58
58
58
G6
®
®
Oats—Mixed
3iH 9
White
No. 2 mixed
No. 2 white
Buckwheat
barlev—No. 1 Canada.
No. 2 Canada
31*4 9
State, two-rowed—
State, six-rowed
00
08
33
36%
32ifl®..-32^® 32%
,
59
82
75
®
04
»
®
30
November 15,
The
following statement, prepared by the Bureau of Statis
tics, will show the exports of domestic breadstuffs from the
undermentioned customs districts, during the month of Oct.,
1884, and for the ten months ended the same, as com¬
pared with the corresponding periods of the previous year:
iHHHH
i-sHHH
SSgS’gfSg'gg’l1
coop
ef-e+e+ert-
o o o o
:®.rogb?o®
se » P P
S.S.& B J,©3 8
W"
err
O
3
O
S
O
od
n,
L_1
? ?
I
•
—
1
?9oo
®;
® ®
•
.
O
©*©.;
oo:
!
:
►i
®
e»
Cup,
OO
?
*:
p
o o
.
■
i—
® ®
Self*
•
•
g®
x£
® ®
p
f?
*
*
i-g
CD rt
OD
O O Hu
® ®
tr*
© ft
2®3’«ag.
s Btr
Ci<!
q:
0000
p a
££oo
OOos
o
J
2.2 3§§S
®
w
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ft
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cncn ©itn-4^.oiit^x o;
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ftft
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ft • O ft O’ C5 CO • O' ©
05 ft ft to © CJ' W X -1 ft
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:
.
ft.
ft
:
o;
©locoft
.
ax
ft — to
;
ft *
—
4-cn
to
i—Xft
©
ft ft
to
it-
a
to
—
CO X <4 cn <1
r*“
© co co
CO
— ft cji ft
—
ft X © ft to ft ft ft ft ff
y -l x o; -i x x ft ©
.
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X*
•
ft
•
©•
•
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x ©> cn ft © x — x O’
it*
-i
to
ft
X
ft
.
•
•
;
;
•
.
.
•
-4 ft;
©xtoVio. ViMa
©©>©ft-4;
© 10 ©
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<j a-
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— X
-j toft to to co x — © o:
<1 cn ft x X x x x x cn X
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OI Wftcnftxx'
©©©X-l
<4 ft X
aft©
ft X X
cn x co co
x O' x to to to
X ft X ft X O' X X O' to c;
to ft X cn — - • ^4 © to ft ft
;
;
cn
Dolars.
O'
O'H-Oi
to
05X05 0'
©»O»t0-J
u°:
—K.
P; p<I — 05
M-
CJi'
^ 05 CO O
a< r
u»;
oI
c
O
•
O
•
sr o cox
h-
to — o;
;
x-yco
CO-
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05;
05|
Xit^tOX
■
C
■
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CO
S'
1881-82.
1880-81.
7,766,497
Wheat
bush.
59,113.415
73.713,'97
47,532,638
49.370,304
45,385,693
102,509,841
32,438,556
4,699,972
5.616,289
42.408.484
96,494,952
44,437.889
7,936,063
5,384.027
190,675,511
196,661,415
148,427,593
Com
Barley
Rye
Total grain
....
are
the rail
Wheat
Corn....
Oats
.
...
<l-lpp>
boobo-1
10 X <1 X
woo®
H-
•
-4
o —•
•
O'
CO 05*
:
X
x w
.
&
Week
281,707
513,946
1,074,997
455.975
99,010
49,023
96,338
389,822
190,611
68,631
2,154,278
2,375,648
1,751,257
1,718,713
.
y
*
Included in the foregoing totals are the reports from Milwaukee,
New Haven, Portland and Falmouth, Richmond, Willamette and York.’
town, the details for October, 1884, being as follows:
Willa¬
York.
MilwauNew
Portland &
Richmette.
town.
kee.
Haven. Falmouth.
mond.
Barley—
Bushels
Value
shipments from
Tot., 4 w. 1289.267
4w’ks’83.1081,l85
196,270
386.409
hush.
692.826
237.600
ports for last four
Oats,
Barley,
bush.
bush
Rye.
bush.
201,935
224,093
234,324
103,265
1,064.013 1,528,889
257,013
837,808 1,102,831
270,763
176.670
115,707
5,789.303 4.896.593
953,804
6,796,106 4,416,861 1,862.913
619,966
521,442
1,357.256
1.774.061
1.763,017
995.529
2.074.555 1.269,295
2,032,852
2.037,751
7,201,920
5.855,286
180.730
88S.889
338,081
same
Com,
bu»h.
bole
Nov. 8.. 325,259
Nov. 1
308.334
Oct. 25.. 325,820
Oct. 18.. 329,854
1881.
Week
Nov. 12.
115.734
358,118
Wheat,
Flour,
•mdino—
1882.
Week
Nov. 11.
724.103
771,112
201,935
,
CO
to
xx;
185.239,871
159,724
.
The rail and lake
weeks were:
2,Oo 2.386
178,070
,
..
3 L.395.403
3.936 5 48
4.245.459
2,831.896
1883.
Week
Nov. 10.
1884.
Week
Nov. 8
.
..
59.541.578
shipments from Western lake and river
............bbla.i.
..
O' £.
0-1
05 to cow
— x tox
same
7,186,798
It.
XX
18.775,355
1882-83.
i—X<1CC
Vjx'U'b'
2.773,012
3.917.747
1,774,247
9,171,344
Rye.
05 O'
O'
X 05 <1 x
24/ 87,034
10,006,487
1883-84
Flour
§
b'CO
5,874,162
6.751/285
5,282,481
954,799
follows:
as
ports for four years:
<10 0 05
O' co y cn
o OI * O'
—
p:
110,155
169.521
142,149
bbla.
Fionr
Below
fttOjt-
^Vco'to
C-*.
CO
show
Oats
>-*
it*
co
580.080
805,256
624.734
Cl
-icoft Jo
© 'CO
ft
2. 05 C5 X
V.H-IUI
o
—O'
X<IXt0^4Xft
.
co;
co;
to
to CO-1 COX CO©
ft
®i
,
•
CO
X
x
3,001,493
1,851,470
2,110,272
comparative shipments of flour and grain from the
to
*
r/r
t—*
to.
^
It;
9,500
ports from Dec*. 24, 1883, to Nov. 8, 1884, inclusive, for four
cn ft o;
-
2 pop
-
ft.
x.
The
ft
© C X © cn ft ft ft © V -1
.
cn*
CJI:
;
O 05
P Ol'O
ft
•
:
co;
05QD05
.
V
24,332.820
14,250
709,856
to
pop
®
©I
ft
—
x.
—
© ft ft X ft CO X X
© to CO 10 O' ft X :■« X — — CO
CX — ft-lCOft© — — ^
ft
.
;
;
co¬
.
IO 05 tO
3*47.687 51,146,365 28,603.870
2.961,206 38.240.515 38,592.812
2,956.300 40,038.915 18,781,926
243,551
267,904
1883
tc
ft 00©ft
®
ft ci*
ft to to*© <1 ft CJI X CO
XftXftCOftXW —
ft
.
j* —
—
ft©
<J O"— X
O'COX-4 ;
©
.
©toft
—
cn
-l©ft ft
o
ft
it.
© xx
cn-
xViVnb*
c." ©xxx ft co tob-ft©
O 35 CO X O' ft to IO CO 05 O'
© »o Cn —» — ft
C*T X ■ to
953,989
1,542,920
259,606
Since July 28
1884
ft
ft rj to ft r- cr 05
1,084,7^4
1,572.939
1,202,085
Tot. wk. ’84
Same wk. >82
Mft-sJ
xoiftft
cnxx-4 ;
ft ftCoft
©ft co©
X X co —
5
187,300
Same wk. ’83
years,
cox
©fto^enco 2
© x ft
—
ft
■ — —
to
S
hi:hqc-
co
|UX
w-o®
o to to -1
V cn ft
pi X ft ft
co"ft*xft
H* •—»
»-»
-1 '
—
3
ft-*.
Bye.
Barley.
p<
ft ft ft
-1 05
05 — -I O'
Cl
Oat*.
150,000
10.850
1,540
41,850
Peoria
Duluth
-ICC
o
1882
Barels.
to a x x
x
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ft ft ft -4
oto x*.
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flour.
Receipts at—
....
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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 compara¬
tive movement for the week ending Nov. 8 and since Aug. 1
for each of the last three years:
statements
Bbls.\96lbt Buth.QO lbs Bush.&Ubs Buah.32lbs Bu*h.48U>9 Bu*h.56th>
516,014
235.461
66,361
102.436
986,998
691,927
74,148
316.635
13,410
Milwaukee..
40,300
145,620
3,4-10
TVtlftrin
553,519
2,419
2,865
2,879
67,493
Detroit
131,564
12,276
35,483
26,889
2,238
34.740
Cleveland.
12.078
22,934
5,6fi0
3,152
28.075
257,336
117,570
149,504
152.260
Stl Louis
31,877
ft © <no to
coppice
O'05
XWfti-
and
Chicago
—>
OXQDft
ftXftft
a
ginia, 15 in Texas, 13 in Mississippi and Alabama, 12*8 in Louisiana, 11
in Georgia and less in other States. The New England 8tates average
nearly 33 bushels, New York returns 30 bushels and Pennsylvania 31.
The quality of corn is better than in 1883 nearly everywhere, and in
s*
•
•
JO
'->'10
O' Ca a.
to
The
“arid regions” in the vicinity of the hundreth meridian have produced
heavy crops of maize of high quality. That line of longitude has ceased
to be an absolute barrier to corn production or general farming, the rate
of yield in Nebraska being 38*5, in Kansas 38, Iowa' 35, Missouri 34,
Minnesota 33*5, Ohio 31, Illinois 30, Indiana 29, Michigan 27, Wiscon¬
sin 24*5, Kentucky 23.
The Pacific coast returns a yield of 33 bushels in Washington, Cali¬
fornia 30 and Oregon 28 bushels. The Southern States report a yield
of 22 bushels in Maryland. 20 in Tennessee, 19 in Arkansas, 16 in Vir¬
The movement of breadstuffs to market is indicated in the
*
<1 CO 05 *s|
The returns of the rate of yield of com Indicate a product somewhat
in excess of eighteen hundred million bushels, or an average rate a
small fraction above 26 bushels per acre. The best yields are, as in
exceeds 190,000,000 bushels.
Wft.
iftCnCn©
Agricultural Bureau
Washington this week issued its November report of the
condition of the cereal crops of the country, as follows:
the northern belt ic is worth 25 to 75 per cent more.
The potato crop is nearly an average yield, or 90 bushels per acre,
oo:
Wft
*
Agricultural Bureau Report.—The
at
1883. in what has been designated the Great American Desert.
ft- ft ft (ri¬
i—>i—ii—■ i—>
OOo
561
THE CHRONICLE
1884.]
The receipts of flour and grain at
week ended Nov. 8 follow:
the seaboard ports for the
.
Indian corn—
Bushels
Value .$
.
At—
New York
Boston
—
Indian com meal—
Barrels
Value .$
Oats—
Bushels
Value .$
OatmealPounds
Value. .9
.
252.500
189.533
166,330 1,140,225
122,192
41,400
Philadelphia...
Baltimore
....
..
9,572
982
27.153
164,954
120,000
52.200
19,122
342,218
26,283
Newp’t News..
New Orleans...
17,822
27,983
400
The total
receipts at the
621,748
555
352
1,768
Oct.,’84$
Oot., ’83 $
5,738
34,311
174,441
2,991
10,088
530
33,967
13,955
......
60,803
625,555 334,351 91,422
548.859 381,923 164/250
ports for the period from Dec.
1883-84.
1882-83.
11,711,970
11,881.615
Wheat.
buah. 62.075,716
Corn...
39,635.820
56,024.157
77,968,429
27,527,905
3,701,429
4,777,892
Flour...
2,500
56,925
34, 1883, to Nov. 8, 1884, compare as follows for four years:
422,940
Value
Total values—
same
Bye
bush.
365.936 209,300
121,751 48,150
3,36o
8,750 22,301
51,090 54,600
......
558,071
Total week... 387,098 1,809.197
Cor. week ’83.. 320.106 1,183,845 1,082,766
.
4,075
20,275
1,768
174,141
198
64,070
433,008
20,275
490,307 185,118
54,665 1,447.903 1,135,223
981,950
43,067 172,674
2,449,280 850,109
2,100,417 812,533
10 months—
hush
33,497
.
1883...$ 633,585
Barley,
busn.
Portland
Wheat —
Bushels..
133,587
Oats,
bush.
Montreal
Bi
lushels..
Value
.$
1884...$
Com,
bush.
925
R;lye
.
Wheat,
obis.
3,238
.
Value. $
Wheat flour—
Barrels
Flour,
Oats
..bbla.
...
Barley.
Rya.-.„
Total
139,317,938
169,999,902
1881-82
10,558.485
1880-81.
11,162,958
76.355,196
83,512.782
27,610.889
24,774,702
94.816.283
4,244,297
1,465,434
134,450,428
24,662,238
3,783,665
1,669,795
208,444,76 3
562
THE CHRONICLE
The exports from the several seaboard ports for the week
ending Nov. 8, 1884, are shown in the annexed statement:
Exports
Wheat.
from—
Bush.
New York
Boston...
Portland.
Montreal.
P illadel..
B*ltiin’re
X Orl’no
N. News.
Com.
Flour.
Bush.
Bbls.
509,171
185,212
52,371
49,348
38,976
43,990
Oats.
Bye.
Peas.
Bush.
Bush.
Bush
102,652
•
8,541
128,831
42,175
there
fair re-order demand from interior retailers, which
indicates that seasonable goods are rapidly passing into the
channels of consumption, and that stocks in the hands of
distributers are nearing the replenishing point.
12
100
125
of cotton goods for
1,930 packages, of which 938 were shipped to
Great Britain, 409 to Peru, 137 to Santo Domingo,
110 to Ven¬
ezuela, &c. There was a continued light demand for nearly
all descriptions of plain and colored cottons at first
hands, but
the week
5,950
178,094
370
323,752
9,524
23,767
3,155
250
113
Total w’k. 1,029,626
8’me time
1883.
1,223,405
282,800
108,540
103,048
80,043
180,777
655,412
147,027
1,831
138,797
194,377
'21,277
10,642
the
..
Corn.
Exports
for week
1884.
to—
Week,
1883.
Week.
Nov. 10.
Nov. 8.
Bbls
On.King.
Contin’nt
8.<te C.Am
W. Indies
Brit. Col’s
Oth.o’nt’s
Bbls.
69,284
10,931
106,181
5,369
4,731
12,079
11,215
3,339
15,430
15,605
1,103
300
Total
108,540
1881.
1883.
1884.
Week.
Week,
Week,
Nov.
8.
Nov. 10.
Bush.
Bush.
Nov.
1883.
Week.
8.
Nov.
Bush.
10.
Bush.
447,463
812,277
250,021
504,079
573,163
411,128
23,803
138,515
1,625
4.725
4,351
3,000
6,049
875
1,169
147.027 1,020.626 1.223.405
282.800
volume of business
doubtless in
was
of the pre¬
excess
week, and indications of a freer demand in the near
future were not lacking at the close.
Brown and bleached
goods were a trifle more active, but not in liberal demand, and
there was a limited movement in wide sheetings and corset
jeans, while cotton flannels were taken in small parcels to a
fair amount.
Colored cottons ruled quiet, but some fair-sized
parcels of fancy denims, &c., were sold to the manufactur¬
ing trade in exceptional cases. Print cloths were in light
demand, but the temporary stoppage of production at Fall
River and the steady advance in raw cotton imparted steadi¬
ness to prices, which at
the[ close were 33^c. less 1 per cent for
64x64 “spots,” 3J>sC. flat for 64x64 contracts to
February and 2%
@2%c. for 56x60s. Prints were very quiet, aside from shirt¬
ings, in which a fair business was done by means of excep¬
tionally low prices.
The destination of these exports is as below.
We add the
year for comparison:
Wheat.
were
vious
corresponding period of last
Flour.
was a
Domestic Cotton Goods.—The exports
2,683
159
34,595
[VOL. XXXIX
Domestic
Woolen
Goods.—Men’s-wear
woolens
con¬
tinued very dull in agents’ hands, and the outlook in this
branch of the trade is by no means
encouraging. Worsted
665,412
By adding this week’s movement to our previous totals we
of exports since September 1,
coatings and suitings are pretty well sold up, as are certain
makes of indigo blue flannels and satinets, but both all-wool
and cotton-warp cassimeres are in liberal
supply in spite of the
Flour.
Wheat.
Corn.
great curtailment of production which has taken place, Kentuck jeans and doeskins ruled quiet, and Western manufac¬
8 worts tinct
1884.
1883.
1884.
1888.
1884.
1883.
turers have wisely resolved to lessen the
Aug. 25, to— Aug. 25 to Aug. 27 to Aug. 25 to Aug. 27 to Aug. 25 to Aug. 27 to
output of their mills
Nov. 8.
until the condition of the market improves. Ladies’ cloths,
Nov. 10.
Nov. 8.
Nov. 10.
Nov. 8.
Nov. 10.
tricots, cloakings and Jersey cloths were severally in moders
Bbls.
Bbls.
Bush.
Bush.
Bush.
Bush.
ate request, and there was a very light movement in flannels
Un. Kingdom
1,134,790
0.847,548
2,100,119
1,187,443 7.692.235
8,573,545
and blankets from agents’ hands.
Continent...
60.420
133,901
Purchases of dress good7,858.874
4,906,978
£95,035 2,303,520
were chiefly confined to small
S. & C. Am...
139.219
375
118.601
29,254
811.201
215,000
parcels of plain and plaid allWest Indies.
wool sackings and specialties in plaid and
190,379
187,172
10,583
82,233
123,852
fancy worsted fa¬
Brit. Col’nies
181.080
175,630
10
24,206
59,839
brics, plain worsted dress goods—especially low grades—hav¬
O .h. oountr’s
7.777
6,913
4,005
6,737
101,900
ing been exceedingly dull. Hosiery and knit underwear con¬
Total.
1.787,752
1,730.251 15.584.308 11 771.494
2.830,056 11,473 983 tinued quiet, and there was a light business in carpets.
Foheion Dry Goods.—Aside from a few
descriptions of
The visible supply of grain, comprising the stocks m
granary goods adapted to the coming
holiday trade (in which there was
at the principal points of accumulation at lake and seaboard
a fair movement)
foreign fabrics ruled quiet in first hands and
ports, and in transit by rail and water, Nov. 8, 1884, was as the
jobbing
trade
was sluggish.
The auction rooms presented
follows:
some good-sized offerings
of
handkerchiefs,
embroideries,
Wheat,
Com,
Oats,
Barley,
Ryt,
r*t r’or* at—
bush.
bush.
bush.
laces, lace curtains, &c., and considerable sales were effected
bush.
bush
New York
453,192
9,578,888
975,901
56,862
16,036
through their medium at low prices.
Do
afloat
have the following statement
this season and last season:
...
Buffalo
(est.)
870,337
1,600
1.640,000
Chicago
7,397,848
Albany
Newport News...
121,535
5,000
170,000
1,270,895
19s,897
72,500
114 400
400,864
270,000
115,125
81,856
1.7»9,258
877
Duluth
Toledo
Detroit
7,570
Oswego
1.703,001
2.329,599
557,037
246.227
St. Louis
2,398,085
Cincinnati
Boston
Toronto
Montreal
4*2,385
75,767
136,665
3 41,071
724,820
Philadelphia
22.318
9,230
146,951
84,827
11,271
102,641
553,575
200
150
100
*
6,155
62,321
16,311
Eudianapolis
117,300
13.300
Kansas City
Baltimore
Down Mississippi.
On rail
On lake
On canal
893.888
59,088
5,437
Peoria
Nov. 8, ’84.
Nov. 1, ’84.
Nov. 10, ’83.
Nov.11, ’82.
Nov. 12, ’81.
44.792
369.305
Milwaukee
Tot.
Tot.
Tot.
Tji.
Tot.
94,8*7
11,000
31,600
1,050,167
15.878
533.104
1,3,.0,6 55
1,004,253
933,451
1.235
112,618
422,649
81.465
5,362
23,453
45,645
20,638
321,178
14,229
11,922
120,254
18,e26
3,472
81.373
3,725
51,600
10,517
10,924
118,695
634.412
1.521,471
493,840
119,923
243,860
35,594,729
34,301,538
5,088.142
5,453,500
9,634,395
4,067,168
3.685.4G9
4 029,442
5,516,281
3 ,772,154
importations of dry goods at this port for the week
ending Nov. 13, 1884, and since January 1, and the same facts
for the corresponding periods are as follows:
Total Snt’d
3,875
59,026
83 030
101.301
8.654
Importations of Dry Goods.
The
1,674
430
.
......
212,384
549,773
_
4,280
4,900
5,406
36,1 03
50,000
the
DRY
GOODS
Total
T-*
tc
-4
I-*
oo
t—*
on
X
CO
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Ik
05
TRADE.
dry goods trade opened very quiet, owing to counte
claims with regard to the outcome of the late Presidential
election, and the possibility of political complications which
might prove detrimental to business, but as the result became
4,831 2, 96
1,32 1 496, 5^
H*
k 05 -4 -4 CO
00 05 1— 05 CO
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cidedly better feeling, with a slight increase of animation
developed in the wholesale branches of the trade. There were
more package
buyers in the market, and a daily improve¬
ment in the order demand was perceptible the
past few days;
but purchases were conducted upon a most conservative
basis, and orders were seemingly governed by pressing necessi¬
ties.
Spring goods have met with rather more attention from
early buyers, and a few orders for specialties were placed lor
future delivery; but such cases were exceptional, and some
little time will probably elapse before much activity in this
connection will be witnessed.
The jobbing trade was
quite
light as regards transactions with buyers on the spot, but
o
10 f
O 05 on — 10
O CO o O O'
toward the
close of the
week
there
was a
3
CO -4
1—00
1,087.21 71,391 375,80
>-*
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tO JiZC -4 4*.
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47,53 278,604 198,29 127,8G6 21,0 6 12, 03 14,917 2 ,9 7
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ENTRD 1,32 1 346,75
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479,52 297,32 182,360
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1,32 1
2,193 3.82,06 8,9035 4,70.35 10,561 THROWN
2,412 2,0 9
2,412
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278,604 204,915
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k*tOki —
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THE
71,391 109,47 (.2,53 216,95 156,31 127,38
MARKET.
278,604
Nov. We k
13,
1
2,10486 3,2061 6,3705 4,21057 78,415. 6
Siyxe
oo
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k
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WFRITHODRAMN
*~*
©*- x x o
,—*
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05
10 CO 05
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t
_>
00
T*
oi © ae co i-*'
©_> © ©> k
Lbi'o co -t
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i—i
T-
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to M k* to
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«.j x
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evident
Total
k*
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00
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CO
more
Flax Silk Cot n Wool
of—
© oo to to co
yoyioijj
M
The
Silk
Total Flax Cot n Wool
[
104,010
75,314
81,985
Friday', P M., November 14, 1884.
on
of—
2 ,473,832
662.4S8
2,2w8,66l
479,551
30.775.446
2 ,456.9J5 2,442,066
19.189,168
2,856,957 1 ,138,023
21,057.859 24,372,782 3,659,795 2,,931,097 1,342,504
THE
Total Ent’d
Flax Silk Cot n Wool
M
a
n
u
f
c
t
r
e
s
M
i
s
c
e
l
a
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a
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u
f
c
t
r
e
s
M
a
n
u
f
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t
r
e
s
port. forcusinpt.
market. consumpt
at
$
CO
Since
k'tc-k
Jun.
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@FedFRASER