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HUNT’S
MERCHANTS’
MAGAZINE,
S WtftfUg IMw^pape*,
RKPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATES
Entej e i,
according to act of Congress, in the year 1882, by Wm. B. Dana & Co.. In the office of the Librarian of Congress, Washington, D. C.J
■
■
■
■
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■
:
—
SATURDAY, NOVEMBER 18, 1882.
VOL. 35.
—
THE
The
Financial Situation
The Tehuantepec Railroad aud
the Mexican Government...
The Northwestern Rate War..
The Effect of the Western
Union Decision
The Amendments and the Fu¬
ture of the Canals
NO. 908.
558
Monetary
559
Commercial and Miscellaneous
and
Commercial
English News.
565
News
560 National Bank Returns
O'
THE BANKERS’
GAZETTE,
ew York Local Securities.... 572
Railroad Earnings and Bank
Range in Prices at the N. Y.
Stock Exchange
570
THE
Commercial Epitome
568
notations of Stocks and Bonds 571
569
Stooks
567
13
|R
-
Returns
573
Investments, and State, City
and Corporation Finances..
574
COMMERCIAL TIMES.
578 Bread stuff s
579
Cotton
584
Dry Goods
585
©fcnruiclc.
Financial Chronicle is published in
Saturday morning.
[ Entered at the Post Office, New York, N. Y., as seeond-olass mail matter. I
New York every
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WILLIAM B. DANA. )
WILLIAM B. DANA & GO., Publishers,
JOHN 0. FLOYD,
j
79 & 81 William Street, NEW YORK.
Post Office Box 958.
On page 568 will be found the detailed returns,
of the National Banks under the Comptroller’s call of
by States,
October 3,
kindly furnished us by Mr. Knox. The previous returns were
published, those for May 19 in the Chronicle of July l,page 12
and those for March 11 iu the issue of April 29, page 485.
—
THE
FINANCIAL
SITUATION.
There, has been
during the past week a little improve
conditions affecting the financial
situation. In the first place railroad earnings, the real
basis of values at the Stock Exchange, continue to show
remarkable gains. If this were a passing feature it would
be of little influence ; but the growth has been constant
during late months, while the Agricultural Bureau’s esti.
merit in
the
mates of the
tone and
(issued this week) giye
evidence of so large a production as to ensure a similar
progress in traffic returns for future months. Then, againr
foreign exchange has further declined, and is dull a^d
heavy; and with the bulk of our cotton crop yet to be
moved, and with the shipments of corn and provisions (nciw
so
trifling) promising later on to be liberal, the prospect
looks quite encouraging for at least a moderate influx of
gold. These conditions, coupled with an active business
in most
corn
and cotton crops
—
— ■
—
-
against securities, and fair offerings drawn
against the shipments of staples, chiefly cotton. Bankers
look for lower rates in the
future, as a result of the
increasing amount of cotton bills, and some express con¬
fidence that the
near
specie-importing point will be reached
early next month if not sooner, the present indications
being that the supply of bills will be in excesB of the
demand for some weeks at least.
Large importations of
gold do not seem to be probable, however, as the reserve
of the Bank of England is so low that the prospect of
any drain would be certain to cause an advance in the
Bank rate, which would tend to send this way such Amer¬
ican securities
This Commercial and
■
■
bankers’ drawn
DHKONICLE.
555 Ellison & Co.’s Annual Review
of the Cotton Trade for the
Season 1881-82
561
557
Money Market, Foreign Ex¬
change, U.8. Securities, State
and Railroad Bonds and
a
-
^
CONTENTS.
-
Still, the
afloat
on
the London market.
which the Bank of England thus applies
deranging the natural currents of trade, can¬
screw
to commerce,
not after all
as are
reverse
natural laws.
Such action will check
speculative demand for our securities in Great Britain,
but it has no power to lessen the need for food or clothing
products, nor is it likely to compel actual investors to part
with their holdings.
With railroad earnings so large as
they now are and promise to be, it also possible that the
desire to obtain our dividend-paying securities will con¬
tinue, even under the contingency referred to. In that
case, the effect of the rise in the Bank rate" might be to
throw upon the Continent the American demand for gold,
and our takings might be larger than is now anticipated.
Among the influences which may have an important
bearing upon the future of the exchange market is the
movement of corn.
The Department of Agriculture estimates the yield of this staple this year at 1,650 mill’oa
bushels, against 1,195 million in 1881 and 1,717 million in
1880.
The exports of corn for the fiscal year ended June
30, 1882, were 43,148,888 bushels; in* 1881 they wfcre
91,908,176 bushels; in 1880 they were 98,169,877 bushels,
and in 1879 they were 86,296,252 bushels.
This shows
that in a year of plenty we may be expected to
ship about
ninety million bushels of corn to
Europe.
The crop of last year was, as is well known, so
very deficient that we exported up to the end of June'
only a little more than 43 million bushels, and from July
1 to September 30 we had sent forward but 1,238,083
bushels, against 21,585,016 to the same time in 1881.
If we can spare 90 million bushels this fiscal year the
world is likely to need it, and m that case we should have
to send over 88 millions subsequent to October 1, while
last year over 21£ millions had gone forward by the first
any
departments of trade and an easier money market,
Corn has been late in coming to market*
to impart a slightly improved undertone, the of October.
and consequently high prices have ruled, but as soon as
feature of the situation, as the week closes.
The causes of the weakness in foreign exchange are facilities for transportation improve, the Western markets
precisely the same noted by us last week. There is a very will fill up and the price of the staple should fall so as to
limited demand for bills, some increase in the supply of make a tolerably free movement of this grain during tha
have served
,
CHRONICLE.
556
jVoLMiiv.
make bills slowly, but they imodation to any extent. While savings!institutioj^
help jfco augment the supply, so that with other bills trust [companiesjhave full lines of time-loans, tl}e baqks 0f
wh^ch will press upon the market, the rate for foreign discount are liberal lenders on call, thus furnishing the
exc^nge -may possibly continue for a considerable time street with all that is required. The demand from the
interior upon this centre is not quite so urgent as it was
neardhe gold-importing point.
Notwithstanding the financial conditions have thus la3t week, although New Orleans and other cotton*ports
shown an improying tendency during the week and the are still drawing, uposi New York.
The Treasury opera
tone in Wall Street has become less depressing, the stock lions.ior the week, exclusive of items which do not affect'
market has all the time been very irregular. Yet there the banks, have resulted (if the calculations of the Subseems to be a growing impression that .matters must mend /Treasury are correct)tin a loss, which is a^ainto the banks
speedily, the expectation being chiefly .based upon the large ■of $2,997,500. The interior movement has been as follows.
earnings of the roads, both present and prospective.
Received.
Receipts at and Shipments from N. T.
Shipped,
Furthermore, the depression; has been so long continued
$1,317,000
JCurrency
•.$1,625,000
it is not surprising that a change for the better should be :Gold..
11,000
189,000
anticipated. Still, the leaders in the market do not seem to
$1,3^8.000
Total
$1,614,000
> { i
t
be prepared for rfucli a movement, and the outside.public are iff/
!' Last
week's ban£ statement showed a withdrawal of
not-in the humor to take any stocks except the best, and
jgold for speculative! purposes, and the'statement was made
for them the prices liaye not at any time been low; The
'up on rising averages. Assuming that this gold h|as been
Vanderbilt specialties were strong early in the week, being
jreturned to| the banks this week, the following will indicate
influenced by the absurd report that Mr. Vanderbilt had
! the character of to-day’s exhibit.
realized by the sale of Governments, anct by borrowing, a
Into Banks. Out of Banks
Ntt Gain.
large sum of money for the sole purpose of sustaining his
$2,997,500
properties. This, of course, was simply a Wall Street Sub-Treasury operations, net... $2,907,500 9
Interior movement
1,814,000
*486,000
1,32S.OOO|
rumor, very likely arising out of arrangements for money
j>4,325,5uO $4,814000 $2,5)1,500
Tot.il
for payments on the ’‘Nickel Plate.” Canada Southern was j
*L088.
favorably affected by the news that the road has been
The Bank of America received $500,000 gold on ac¬
or will be leased by the Michigan
Central, the latter count of the assorted banks during the week, and paid
guaranteeing fixed charges and; dividing net earnings out $.700,000.
••
;
'
according to business. > Subsequently these stocks took a ! The market for Government bonds was depressed early
downward turn, .the apparent reasons being (1) the fact
in the week by jtfe conflicting stories regarding the sale of
that this lease.was likely to provoke hostilities on the part
$10,000,000 4 per cents, by Mr. Vanderbilt. When dfc
of the.Grand Trunk and the Great Western of Canada came to be generally understood that the bond transac¬
~
1
inducing these combined roads to form an alliance with tion consisted of the sale of only about $2,000,000, and a
the New York West Shore -& Buffalo which, when com.
loan ior $3,000,000 for four months at 4 per cent, the
pleted, would give the Grand Trunk a New York outlet ; demand revived and prices recovered. It is said that in
Bhipments of
winter.
corn
will
..
.
•
,
X
...
{
:
.
.
and
0
f
(2)
0
that the “Nickel Plate” would demand a
a rumor
his report to Congress Secretary Folger will recommend
pool business, tlii^s augmenting the the passage of a. bill .providing that 90 per cent of the
percentage of 45£ per cent on east boun^i traffic now given fund held in the Treasury for the redemption of notes of
to the Vanderbilt roads.
i
banks failed, ;in liquidation and retiring' circulation, be
The decline in these specialties helped to break invested in
Government bonds.
If thi3 recommendation is
down the prices: of other. stocks, and on
Thursday made and heeded, it' will temporarily have an. important
the market was' more or' less unsettled by the con¬
influence upon the Government bond market, and it will
flicting rumors regarding the war between the St. Paul more or less permanently aid the -money market by re¬
pool lines and the Rock Island. There was a sudden recov¬ leasing about $35,000,000 of legal tenders now locked up
share in the trunk-iine
.
*
ery on Thursday afternoon,
of short contracts, induced
mainly caused by
covering
in the
by.the supposed discovery of
Treasury.
The
Bank, of
a
buying. Western Union has been exceptionally
strong nearly all the week by reason of a reported inten¬
tion on the part of the managers to retire the $15,000,000
of stock supposed to be affected by the late decision.
There appears to be no ground whatever for this expecta¬
tion. In fact, the probabilities are that the decision in
question only affects the 600 shares which were in suit
Yesterday the market was again irregular, but there was
inside
strength. Northern Pacific was
Notably strong; on reports of a large sale of land, while
Delaware Lackawanna & Western and Denver & Rio
Grande were very weak, under continued hammering by
interested parties.
Money on call has been in fairly abundant supply this
week.
This is due in great part to the good borrowing
demand for stock?, and it is supposed that the money
undertone of
an
which
was
some
-last week withdrawn from the market for
England rate of discount remains un¬
cent. The Bank gained £51,000 bullion
week and £90,000 on balance on Thursday, and
changed at 5
for the
*
~j
>
per
proportion of reserve so liabilities was increased
cent. The Bank of France reports a loss of
965,000 francs gold and of 4,220,250 francs silver. - The
following shows the amount of bullion in each of- the
the
9-16 per
principal European banks this week and at the corres¬
ponding date last year.
r
Vbv. 16,
Gold.'
1882.
Nov. 17 ,
Silver.
Gold.
&
r£
1881.
Silver.
r
£
20,307,826
p»nk of England
hank of France...;
Bank of Germany
...
*
20,081,019
38,952.221 44,354,470 25,105,257 47,221,603
19,490,250 0,630,750 19,892,250
week..r....... 05,756.797 03,844,726 52.417,026 67,113,853
65.739.693 64.013,676 52,125,175 i]6,903,310
previous week
Total this
Total
'
r§p The above gold and silver division of the stock of
merely popular estimate, as the Bank
Of Germany is
information on
coin of tlioBank
itself gives no
that point.
has been returned. The leaders are
The outward movement of securities continues steady,
kn’pfrn to be large lenders of funds.
Commission houses
thus furnishing a moderate supply of bills, and the fol¬
are carrying very small lines of stocks for their customers,
and consequently are not among the daily borrowers at lowing shows relative prices of leading bonds and stocks
the Exchange, and thei operators who have the bulk of in London and New York at the opening each day,
the speculative stocks are in a position not to seek accoin- indicating the margin of profit- in cable transactions.;
speculative
,
*
*
r
‘
’
purposos
i
■Nov. 15.
Nov. U.
Kov. 19.
Nov. 10.
and to
appropriate these millions of American capital ? It
appears that the company, by the terms of its grant, was
'to have completed forty miles of road
by the 2d of May
r jvmj. iV.
Lond'n N.Y. Lond'n N.Y. Lond'n N.Y.
Lond'n N.Y. Lond'n N.Y.
prices. prices.* prices. prices.* prices.
prices." prices. pricea.* prices. prices.*
U9M 11870
mx 10119
89*40
385*
Xrie...~
09 73
mi
3doou.
150-57
Ill. Cent. IIS‘62 148M
ISO** 182'45
N y. c.. 13159
28-941
Beading 86 581 67>4
28-21 |
2%
Ont.W’n 27-61
109-94
1083-;
109-40
fit. Paul.
UJJ.4s,e. 119-19
101-19
3860
99 97
11894
11936
IO134
118*4
101«
90 'A
101 31
100
100-21
100
149M
13134
5644
27^4
108**
39 15
8936
1493^
150 03
is m
131 00
5734
2734
10934
28*85 h
27*73
109-94
118-62
11934 11906 11934
10134 101-08 101*6
3827
8651
3834
36*4
10011 10034 MO 11 10034
149-20 H7J4 14835 148
181-22 130J4 ,13122 131
2S18t
57
5636 28 671
27*15
2734 27 58 ' 27
107-89 10734 10813 10734
last.
This it failed to do in consequence of unforeseen
’obstacles or “accidents,” although -it lacked ’ but an
101-08
jexpenditure
4-S6&
Mritrcaaed in tueir New
4-86M
4*8634
VorK equivalent,
4-86
4-80
ffilnjon basis of $50, par value.
Ass^y Office paid through the Sub-Treas
ury $10 9,95 3i for domestic bullion, and the Assistant Treas
f
The
urer
received the
following from the Custom House
•
•
»~,n"
i
Duties.
Dal*.
Gold.
No r. 10..
11..
"
13..
«
14..
“
15..
«
16:.
Total.
$87,000
$611,659 71
333,233 50
449,947
571,861
304,320
363,545
99
75
54
18
$2,634,568 67
..
•
Consisting of—
53,000
33,000
24.Q00
17,000
29,000
*
■—■
■
V. s.
Gold
Silver Cer¬
Certif.
tificates.
$67,000 $377,000
85,000
34,000
’
42,000
206,000
333,000
377,000
217,000
245,COO
,
.
Notes.
31,000
33.000
that continuous portion of only fifty
dollars, and. had an amount of materiaLaUd work
[elsewhere upon the line greatly exceeding that deficiency.
•Moreover, and at the same time, the Mexican Government
was indebted to it for
subsidy earned upon the work done of
iseventy-five thousand dollars, and had also in hand one
|hundred thousand dollars of the Company’s money which
•had been pledged to it as security for performance of. tha
contract.
We state these facts because they are of inters
>
Exoh’ge,
cables.
upon
thousand
but also
$79,000
’
44,000
.
50,000
87,000
35,00b
■
$243,000 $292,000 1,755,000
48,000
$343,000
because
are of
ties whom that Government
.
they
i
; venture under its
I
t
We may
new
interest to^ those other par*'
hopes to drag into another
contractors.
possibly understand better the
,
reason
'
for this
{
J
[
jby M. de Lesseps and his French constituents.
It will be
price paid by M. de Lesseps was $5S0
MEXICAN GOVERNMENT.
jper share, making the aggregate value of the seventy thou¬
It seefns that the Mexican Government has declared
sand shares of that company; together with its bonded?
the concession to the Tehuantepec Inter-Ocean Hailroad Jdebt, equal to about twenty-five million' dollars. ^ The
Company forfeited, and has entered into’new arrange* ^political and international significance of that sale and tbe
ments with new parties who claim to have succeeded to Sail
{diplomatic discussion that followed it may have awakened
the rights of the original grantees.- This marks a very in Mexico a national ambition to
possess for itself the con¬
interesting epoch in the history of the development of trol of the Tehauntepec route, and to dispossess American1
American railroads in 'Mexico, and challenges the atten
citizens of the command, of so important a commercial
tion of the investing public, while it brings before our De¬
passage through its territory. The exclusive control of thie
partment of! State facts which eventually must command •route1 by Mexico bebame seemingly desirable as tho work
its serious attention:
In truth, the broad'question
presents advanced, and'tho more so as its possession was seen to bo
itself whether the Mexican Government,
having encour¬ important to the1 United States, whose long stretch of
aged a company of American capitalists to spend millions coast upon two oceans make3 this route a very useful link
in the development of a certain
enterprise and. while the between'them. The question, which nation shall com¬
company is still willing to spend more and complete the mand this passage, is one of importance to both countries,
work, has the power at will to judge as to forfeiture and and may account for the eagerness with which Mexico has
arbitrarily serve a notice-to quit on the contracting parties. seized the very slightest pretext given her by the Tehaunte¬
•To fully appreciate the: situation and understand how
pec Company to declare the forfeiture of its grant. • 'f ' "i
far it is safe for
Europe or America to assist in the
But, however this may be, or whatever motive the Mex¬
industrial develop mrint of Mexico, it is-to be remembered ican President
may have had for his action-—arid some
that the claim
against the American Gompahy doing the urge a far less honorable one than that we have suggested
work was merely
technical. The Mexican Government —he will find that there is a very troublesome claim stand¬
had no fear that the
enterprise would not be' completed. ing as a cloud on the title of the property he is attempting
It well knew that the men
engaged in it were able, willing to take possession of. For, outside of the equities of tho
and desirous of
carrying it through. • Had - President corporation itself, the persons who have purchased the
Gonzalez wanted new guarantees as to its final
completion :>onds of the Tehuantepec Company have acquired a lien
he could have obtained them—but he asked for none.
The Upon the whole line of the road.
The Mexican Govern¬
success bf the
ment
cannot
enterprise was, therefore, not in the least
wipe out this lien except by payment, and
endangered by leaving it in the hands of the original any road the new contractors may build over the route
grantees who had already spent several millions of dollars will be subject to it.
on the work.
This is a very important fact for capitalists both id
Furthermore, the contract ’ thatuVas signed
between the parties contemplated
delays and provided in Suropo and America to keep in mind, for they will proba¬
terms that “ the
obligation assumed by the company in bly soon be applied to by the new parties to make other
regard to the time fixed byjthe law rihhR be suspended bans. These old bondholders have secured rights in the
11
in all cases of
accident, &e.” That is to say, any unex¬ whole property which will forever remain a first charge
pected or unforeseen event (for that is the definition of the upon it, whoever may
nominally be the possessor—a lied
word
with
interest
“accident”) «; worked a suspension of the time of
perpetually augmenting. Hence, if any other
limitation. The idea of the contracting parties being, that mortgage is executed'it will virtually be a second lien; and
in an
undertaking about which so little could be known any new stockholders must hold subject to these rightsL
beforehand, it would be necessary to have considerable lati¬ To be sure, it may not be possible at once to successfully
tude with
respect to the time of completion, or else no one press this claim, but it exists all the same, a cloud upon the
Would be
willing to venture millions in its prosecution.
title, and will be a constantly standing menace over tho
Now what is this marvelous laches which has induced road until the
present or some future American adminis¬
the Mexican Government
to declare this contract forfeited
tration takes it
THE
TEHUANTEPEC!
RAILROAD
AND
THE {remembered that the
“
up
and enforces its settlement,
THE CHRONICLE.
658
cations led
THE NORTHWESTERN RATE
WAR.
Disagreements between Western railroads are this season
unusually plentiful. Only a short time ago the differences
between the Union Pacific and the Chicago Burlington &
Quincy, owing to the extension of the latter company’s
line to Denver, were such that a rupture of the pool on
Colorado - business
seemed
imminent.
Common
sense
[VOL. XXXV
to suppose,
and that
entirely satisfacl
tory understanding will only be reached after a sharp
struggle. At any rate, a war has been precipitated, which
will, without doubt, work some solution of the difficulty
In the latter part of last week the St. Paul
Company
reduced the fare between Chicago and St. Paul to $5
from $13, the previous figure, claiming that the Rock Island
had for some time previously been giving a large rebate
one
an
views, however, prevailed, and the difficulty was adjusted. to passengers over its lines ; this the Rock Island people
About the same time a little skillful manceuvering removed admit, but charge that the St. Paul Company was the first
an obstacle to the free working of the pooling
arrange¬ to allow a rebate, and that they merely retaliated. The
ment between the roads in the Southwestern Association. Northwest, of course, had to follow the St. Paul Company
The Kansas City Fort Scott & Gulf and the St. Louis & in its $5 rate, and the Rock Island has now met this
San Francisco had formed a round-about and very long with a $3 rate, with ^ reports of a further reduction to one
City, via Springfield, dollar. And there the matter now rests.
As to the justice of the Rock Island’s demands, there
which though by reason of its length' got very little
business, was yet a thorn in the side of the other lines in are naturally various opinions. Its line is much more
the lower rates which it offered.
The Rock Island by circuitous and therefore much longer than either that of
agreeing to pro-rate with the Fort Scott all the way the St. Paul or the Northwest. In fact, it labors under a
to Springfield on business via Kansas City, left the San great disadvantage here, since over its route the distance
■Francisco to shift for itself, and this finally led to the to St. Paul is 529 miles, while over the other routes’it is
On the other hand.it claims to have
abandonment of the route and also caused the Rock only 410 miles.
special facilities at the northern end of the line which in
Island to discontinue pro-rating to Springfield.
No sooner, however, have these matters been settled part neutralize the disadvantage of a longer distance. In
than others of even more serious import arise.
Chief the matter of freight at Minneapolis, for instance, it
among the latter is the difficulty which the roads doing strenuously contends that because of direct connections
mills
that
in
city—and
Minneapolis
business between St. Paul and Chicago have experienced with, the
for its
noted
flour mills—it can always com¬
in settling the percentage to be accorded a new comer, is
culminating in a war of rates on this class of business. mand one-third of the business, and will never be satis¬
There are three lines occupying this field—the St. Paul, the fied with any arrangement which allows it less than
Northwest, and the Rock Island. The St. Paul uses its that. As to St. Paul, it acknowledges that it is not as
well situated as the other lines, but insists that it can
own track entirely ; the Chicago & Northwest has to rely
On the passenger business,
upon the St. Paul & Omaha for part of the distance, and secure 22 per cent at least.
where
one
would
suppose its longer distance would prove
the Rock Island upon the Burlington Cedar Rapids &
a
Northern and the Minneapolis & St. Louis, in which the
great drawback, it seems to be fortified with a decision
in
its favor by Mr. Pool-Commissioner Fink, whose im¬
Rock Island people are largely interested.
The Rock
Island is the cause of the present trouble.
Its line partiality certainly no one will question. One class of the
between Chicago and St. Paul is not exactly a new one, passenger business is the immigrant business, which is
since it has been in operation considerably over a year particularly heavy in the Northwest.
This business
but it has hitherto been operating on its own account, passes over the great Eastern trunk lines from the sea¬
outside of and independent of the pool in that business. board, and is by them divided at their Western termini
It got not a little traffic in this way, to the loss of course among the roads of the Northwest. The Rock. Island had
of the other two lines, which labored under the further for a long time been contending for a third of this traffic,
disadvantage of being bound by fixed rates while the and the matter being referred to Mr. Fink, he decided,
Rock Island was at liberty to adopt any charge it liked about a month ago, that the claim was just, and the Rock
and could make concessions to get business, though it is Island scored a vjctory. A further point in the Reck
to be said that rates were on the whole pretty well main¬ Island’s favor is the reported willingness of the St. Paul
route between St. Louis and Kansas
This condition
of
things could not go on forever, so
recently attempts were made to get the Rock Island to
enter the pool. This the road seemed not unwilling to do,
but as is usual in such cases there was a great disparity
between the percentage which the newcomer asked and
the percentage which the old lines were willing to give.
The Rock Island wanted one-third of the Minneapolis
business and 22 per cent of the St. Paul business, while
the other lines were willing to concede only 15 per cent of
the former and 10 per cent of the latter.
This, we under¬
stand, was the last offer of the pool lines ; at first, we
think, they offered even a smaller proportion. But the
Rock Island, which claims to have secured outside of the
pool full one-third of the entire business, was not to be
contented with such an allowance.
Notwithstanding this
lack of harmony, however, it was believed that no serious
war would follow, as there seemed to be an agreement
not to break down rates.
It would appear now that the
disappointment of the Rock Island at not receiving what
it asked, and the chagrin of the pool lines in not having
their offer accepted, were deeper than surface indi¬
demands.
In this connection it is well to observe that the willing¬
& Omaha to accede to its
tained.
unwillingness of a road to make concessions in one
pool depends to a great extent upon its desires or expecta¬
tions in one or another of the remaining pools in which it is
interested.
In the West there are any number of pools,
and the same road is usually a member of at least two or
ness or
Its action in any case is accordingly
favorable or unfavorable a3 it expects thereby to influence
in another and entirely different case.
a similar decision
three at
one
time.
Chicago St. Paul Minneapolis & Omaha, in sus¬
taining the Rock Island in its present claim, is perhaps not
oblivious of the fact that that might incline the Rock
Island to look with more favor upon its own claim (as part of
the Illinois Central route to Omaha, lately formed,and which
is demanding admittance to the Omaha pool) to a share in
the Chicago-Omaha business. Further, it was lately
that the Rock Island, instead of using the St, Paul Min¬
neapolis & Manitoba line for the distance (about
between Minneapolis and St. Paul, in order to get into the
latter city would use the St. Paul & Omaha for 30 miles
from Merriam JuuqUoq to St. Paul, giving it a bett#t
Thus the
reported
10.miles)
November
THE
18, 1882.]
CHRONICLE.
559
city—these 30 miles form part of the St. petty imposition which our English cousins would not
Paul & Omaha’s Western branch, not of its main line to tolerate for a moment. This is his view. On the other
St Paul, the Rock Island entering St. Paul from the West hand, there has sprung up in our midst a class of poli¬
while the Omaha enters it from the East.
If this report ticians whose chief stock in trade is to declaim against
is true, then the Omaha Company would have an addi¬ what they consider to be the great impositions of the
tional reason for siding with the Rock Island.
The St. day, and who would have us believe that our chief danger
entrance
to the
is probably not altogether governed by
considerations affecting only the present case. That road
having completed its Omaha line, was a short time ago
Paul road, too,
admitted to the Omaha pool and given an equal share in
that business.
The completion of this line through Iowa
has
greatly strengthened its position with reference to
Island. Previous to that, it had to bear quietly
with the .Rock Island’s encroachments upon its ter¬
the Rock
ritory in the opening of a third line to St. PaulBut now if the Rock
Island will not accept the
percentage offered to it by the St. Paul, the latter
can threaten to work mischief with its Iowa line, not only
on through business to Omaha, but on local business in Iowa
as well, on which it and the Rock Island are now competi¬
tors.
With this power in its hands the St. Paul is
cer¬
tainly better able to defend itself than it would be without
it. In the same way the Illinois Central as a member?
jointly with the Burlington & Quincy and the Wabash, of
the Chicago-St. Louis pool, could undertake to force the
two
latter companies as members of the Omaha pool to
give it a share in that business by warring
upon
the St.
Louis rates.
Thus
the
and
interests
of
these Western lines
are
various
lies in
a
tions of
neither
willingness to tolerate the assumption by
enormous
and unwarranted
powers.
corpora¬
Perhaps
Mr.
Spencer nor the anti-monopolist is without
degree of force in his suggestions.
The proceedings of the Western Union
Telegraph
Company, by which it increased its capital stock last
year to eighty millions, which proceedings were sus¬
tained at the time by Judge Truax in the
Superior
Court, hav9 recently been under review by the General
Term on appeal from his decision ; and the subject
is, we*
think, of sufficient interest for us to recall the facts, in
the light of the opinion recently rendered by that
appellatesome
court.
Prior to the
absorption of the American Union by the
Union, the outstanding capital stock of the
latter company consisted of somewhat less than
thirty-nine
millions of dollars.
But in the early part of 1881 the
Western Union effected an arrangement with the Atlantic
& Pacific and the American Union,
by which these latter
companies practically merged their existence in the
former, which increased its stock to its present issue of
eighty millions. Of the new shares, fifteen millions were
issued in exchange for the stock and bonds of the Ameri¬
can Union and
eight millions four hundred thousand for
the Atlantic & Pacific stock, while the balance of over
fifteen and a half millions was distributed
among the
Western
diverse, and the connection and interdependence of
the different pools very close.
Owing to this fact there is
much anxiety in the public mind as to the
probable dimen¬
sions of the conflict.
It is clear that if the
struggle is holders of Western Union shares.
We do not know what Mr. Spencer and our other
prolonged any length of time, there is imminent danger
that the field of contest will
widen, until finally the whole critics would expect the small holders of the stock of any
West is involved, and a war of vast dimensions
ensues, of these corporations, dependent, perhaps, on their divi¬
compared with which the Trunk-Line war of last year dends for their support, to do about it, if they felt them¬
might appear insignificant. That things however will selves aggrieved. As a matter of fact they probably
reach such a pass is exceedingly doubtful.
If there were reflected that they were in the hands of a powerful com¬
a
crop failure this year, similar to that of last year, bination, which moreover offered them an increase of
then there would indeed be cause for alarm—then it would their nominal
holding, and professed to be able to pay divibe natural for the roads
to
fight for what little dends on the entire capital. But Mr. Rufus Hatch and
business there' was.
But with crops better than ever Mr. William S. Williams would not be
appeased. They
before, with general business constantly increasing, with a brought suit, lor the benefit of themselves and all other
vast tide of immigration
pouring into that section of the stockholders similarly situated, as the phrase is. Whether
country, with the rolling stock of the railroads taxed to they sought by so doing to endow their own holding with
their utmost capacity, and with railroad
earnings that a peculiar value, or whether their object was purely
exceed even the expectations of the most
sanguine, there philanthropic, is not for us to surmise.
is absolutely no occasion for contention or strife.
After considerable
preliminary skirmishing, in which
We are therefore inclined to think that an understand¬ eminent
legal gentlemen appeared in court, generally
ing will be arrived at before any serious harm is done. obtaining adjournments, but sometimes
delivering argu¬
This is all the more
likely if the report that passenger rates ments, the plaintiffs succeeded in obtaining injunctions
have been reduced to one dollar is correct, for that should
against the distribution of the stock among the Western
make the contest “short,
sharp and decisive.” As the Union shareholders. But when the cause was tried before
Union Pacific and the Iowa Pool lines, which
early in the Judge Truax, he took a different view of the law, and
week were at
loggerheads and threatened dire vengeance ordered judgment for the company.
upon each other, cempromised their differences inside of
There is a peculiarity of the judicial system under
two days, so will the St. Paul-Omaha
lines, we confidently which we live which is but little known except to those
believe, soon find a common basis of agreement and who have experienced its workings. We may almost be
cpeedily heal the present breach. For railroads to engage said to have no appeal from the decision of a trial court
ln a
long strife in the present state of business would be on a question of fact. In theory such decisions are open*
evidence of imbecility.
It is needless to say that our to review by the General Term, but it is pretty well settled
railroad managers are not open to such a
that these appellate courts will not review a determination
charge.
of fact if it has any evidence at all, however slight, to
THE EFFECT Ob THE WESTERN
UNION support it. Practically, therefore, the decision of the
DECISION.
ower court is
generally final, unless a new trial is ordered
Mr. Herbert Spencer tells us that one of our national ::or error of law. And this is
especially so in equity suits,
failings is good nature. We do not grumble enough, he ike the telegraph cases in question, in which the judge
says, and therefore we go through life enduring many a determines and certifies in
writing the facts which he
rilE CHRONICLE
5(30
holds to be
on
proved before him, and his conclusions of law-
those facts.
striking instance of the working of the system is
shown in the decisions of the General Term of the Superior
Court, reversing the action of Judge Truax, and order¬
ing a new trial. The Court has not reviewed his con¬
clusions of fact.
It assumes it to be finally and con¬
clusively proved that the properties of the American Union
and Atlantic & Pacific, agreed to be conveyed to the West¬
ern
Union, were worth respectively §15,000,000 and
$8,400,000, the amounts to be paid for them in Western
Union stock ; also that the scrip dividend of $15,520,590,
represented actual surplus earnings of the latter company*
which, with the consent of the stockholders, had been in*
vested in property necessary and useful for its business, and
that the said property had remained in its possession
.
and
was
dated
then worth that
sum ;
and also that the consoli¬
capital of eighty millions represented property
of that
actual value.
appellate court did not review the evidence on which
the sitting Judge determined these claims of the company
to be proved.
It adjudges, such being the facts, that
Judge Truax nevertheless erred in his view of the lawAnd then, having the facts before it, and having an¬
nounced the
law properly applicable to
them, it
orders a new trial, that the facts may be proved all over
again. One would suppose that a court of appeal, review¬
ing and setting aside a judgment entered by a lower court
on a certain state of facts, would proceed to correct the
error in the simplest way by ordering the entry of the judg¬
ment which necessarily follows from the facts and the law,
and which the trial Judge should have rendered. But such
is not our system of jurisprudence. The plaintiff, in such a
case, must go back and prove his facts anew, if he can.
The point determined by Judge Friedman and his
associates is simply then one of law. He says that even
if the company had power to issue the fifteen and a half
The
'
Term.
We
do
not feel
But it is
a
except the holders of six hundred
then we do not think’the result of
and eighty-four shares,.
an
adverse decision by;
Appeals would be very serious. For it must1
be born? in mind that the plaintiffs are seeking equitable1
relief, and are not asking for their strict rights at law;;
and the cases are very numerous in which courts of,
equity have declined to interfere when the action asked j
for would be injurious to other persons occupying the1
the same relation to the corporation that the plaintiffs;
occupied.
The equitable rights of bondholders or stockholders are:
in a large measure mutually dependent.
What one stock¬
holder might do, or might have the right to require to be.
done,were no other parties to be considered, he may be pre¬
vented from accomplishing on account of the interests of
others. Courts of equity refuse to interfere for the benefit
of a bondholder or stockholder, to the prejudice of the.
vast majority of bondholders or stockholders, but leave
such applicant to hi3 strict rights at law.
For it will
be remembered that the equitable jurisdiction of our
the Court of
courts is a very
confident
a3 to
whether
an
convinced that pro¬
ceedings on the part of the State, to affect the value of
speculative stocks have been carried as far as the good
name of the State will permit.
Even this week .we find
the Attorney-General mixing up in the Mutual Union con¬
troversy. His action would at least be consistent, though
it might not be judicious, if he were to take the Stock
Exchange list and right every wrong of every Corporation
named on it, .so far as he has jurisdiction. - Anything,
however, short of this general action, can only end in
none
Besides,
suck to apply.
we are
.
speculation as to what the prac¬
tical result will be if this decision is affirmed by the court
of last resort.. If however it be true, as counsel tell us,::
and we know of no reason to doubt it, that all the stock has;
assented to the increase and to the issue of the new shares,
J
so
behalf of the Attorney General.
general principle that the Attorney Gener&l
has
-
on
will not interfere in corporate affairs, except at the
instance of parties interested, and in this case there are
harm and scandal.
There has been much
quite
action would not lie
capital, it had no power,
in view of the statutory prohibition, to divide and dis¬
tribute those shares among the stockholders. They formed
treasury stock, and could only have been sold for the ben¬
efit of tiie company.
Of course the question must go to
the Court of Appeals, unless the litigation is settled. •
millions, to represent increased
•
Equity had its origin in the necessity which was
to exist for a
larger and different exercise
judicial power than that which was exercised by courts
of common law; and when a court exerts its equitablo
powers it will see that it does not do so to the detriment
of other persons holding the same relation to the subject
matter as those who ask the interposition of the court.
In the present instance it is hard to see on what
principle
a court of
equity could, in.fairness to all the stockholder^
attempt to call in this stock, even if it has been illegally
distributed; and such an attempt could only be carried
out at the expense of innocent holders.
For it will be
noted that Judge Friedman assumes that the company
had the right to increase its capital, and bases his decision
upon the point that it was prohibited from distribut¬
ing the stock among the stockholders.
That stock, he
says, should have been sold and the proceeds paid into
the treasury.
We presume then that if such sale had
been made to tho stockholders themselves, and the pro¬
ceeds divided as a dividend, tho proceeding would not
have been adverse to the law as laid down by the General
tion.
found
A
••
[VoL. XXXV.
THE AMENDMENTS
TIIE
'
AND THE FUTURE OF
CANALS.
Now that the canal amendment has
been adopted by
popular vote, it is of interest to see what change
thereby been made in the State Constitution.
Article seven—the on:e, affected—covers the subject of
the canals, although section three of article five (relat¬
ing to public officers), as'amended in 1876,’provides for a
Superintendent of Public Works, to have the canals in
charge.
; • *• •: .
Three sections—numbered three,- five,--and six*—are
the
now
amended.
Section - three
was
also amended by a
special vote February 15,-1854^ “for speedy Completion of
the canals,’' receiving :then 185,771 votes Jo- GO, 52 6 against
it; it: was next amended by a popular vote just eight years
ago.
As then amended, it provided that, after paying
expenses of maintenance and repairs, a sinking, fund for
meeting interest and principal of the canal debt should ba
yearly set apart “ out of the surplus revenues of the canals \
that “ after complying with the foregoing provisions,"
$200,000, •“ to defray the necessary expenses of govern*
ment,” “ shall be paid annually out of the said revenues"
into the State treasury ; that “ the remainder " should ba
yearly applied for “ enlargement and completion of the
canals mentioned in this section, until the same shall ba
‘“'completed,” this remainder to be disposed of by tha
legislature, “thereafter,” but not anticipated nor pledged
for more than one year in advance; that-for four years
following this amendment appropriations up to two and*
different thing from their legal jurisdic¬ quarter millions yearly should be made, any insufficiency
‘ ‘
“
“
be bridged by loan ; other
provisions in this article are of no consequence to cite.
the revenues
in
to do this to
abortive these appropriations of future revenues,
How
particularly that one relating to the $200,000 to go to
general State purposes, became, for the reason that no
surpluses and remainders accrued, is new matter of his¬
tory. This section three is now abrogated, and is replaced
ky the following, the last two sentences not having been
changed.
oFr
3
^nmi)iied
Tin1' first and second sections of this article having been fully
w ith, no tolls shall hereafter bo imposed on persona or property
transported on the canals, but all boats navigating the canals, and the
owners imcl masters thereof, shall he subject to such laws aud regula¬
tions is have been or may hereafter be enacted concerning the naviga¬
tion of the canals.
The Legislature shall annually, by equitable taxes,
make provision for the expenses of the superintendence and repairs of
the tana’s. The canal debt contracted under
the section hereby
amended, which on the 1st day of October, eighteen hundred and
eighty, amounted to eight million nine hundred and eiglity-two thou¬
sand two hundred dollars, shall continue to be known as the “ canal
debt under article 7, section 3, of the Constitution;” aud tho sinking
fund applicable to the payment thereof, together with the contributions
to be made thereto, shall continue to be known as the “ canal debt sink¬
ing fund,” and the principal aud interest of snid debt shall be met as
provided in the fifth section of this article. All contracts for work or
materials on any canals shall be made with the person who shall offer
to do or provide the same at the lowest price, with adequate security
for tlieir performance. No extra compensation shall be made to any
contractor, but if, from any unforeseen cause, the terms of any contract
shall prove to be unjust and oppressive, the Canal Board
in
express terms
required to
for them beyond what their
or
do
anything
own
revenues
with
per¬
mandate to even maintain them,
mitted; there
while their maintenance was restricted to their own
was
net
revenues.
State is not
no
The
change
now
made
is
only to retain the canals, but
to
in condition.
that
the
keep them
How far may this new policy carry us?
mandate now is to annually, by tax, “make
The literal
provision for
the expenses of the superintendence and
repairs of the
canals.”
Some will at once say that the old constitutional
barrier is down; that
corruptionists and ring3 will not
be slow to
move
for
renewal of the old
frauds which
caused the limitation of
for
expenditures; and that schemes
enlargement will now become a danger to be resisted.
It is true
that
thi3 restriction—which became itself
to the very
a
existence of the canals—is gone, and
in its place. But there are two
restrictions upon the Legislature nevertheless.
One is,
that by section twelve of article seven of the Constitution
application of the contractor, cancel such contract.
(except in case of small and limited provision for deficits
in revenues, or in case of insurrections and the
like) no
Section five formerly provided for taxation sufficient to
State debt can be contracted except by a law,“for
make good any failure in the canal revenues to meet the
some
single work or object, to be distinctly specified
requirements of the debt, any advances thus made to be
therein,” and such law must go before the popular vote;
repaid, with interest, out of the canal revenues, as soon as the
other is that although extravagances, and even en
could he done consistently with the rights of the holders
of the debt bonds.
For this section the following new one largements, may be inserted in the tax levies under “su
perintendence and repairs,” they can he vetoed, as many
is now substituted.
appropriation items have been, and the interpretation of
Sec. 5. There shall annually be imposed and levied a tax which shall
be sufficient to pay the interest and extinguish the principal of the canal “repairs” is a
question for the courts.
debt mentioned in the third section of this article
the same shall
become due and payable, and the proceeds of such tax shall, iu each
Still, it must be said that a restoration of the canals to a
fiscal year, be appropriated and set apart for the sinking fund consti¬
tuted for the payment of the principal and interest of the'aforesaid
complete condition of efficiency, upon their present size,
debt. But the Legislature may, in its discretion, impose for the fiscal
and keeping them there, indisputably follows under the
year beginning on the first day of October, eighteen hundred and eiglitythree, a State tax on each dollar of the valuation of i ho.property in this
words of the amendments.
State which may by law then be subject to taxation, sufficient with the
As to enlargement, it cannot
accumulations of the sinking fund applicable thereto, to pay in full both
be denied that the State is committed,
the principal and interest of the canal debt before mentibned, and the
by the change in
proceeds of such tax shall be appropriated and set apart for the sinking
fund constituted for tile payment of the principal and the interest of
public opinion which has caused the amendments and by the
said debt. In the event of such action by the Legislature, thou
the
Legislature shall, under the law directing the assessment and levy of very necessities of the case, to a progressive policy.
A free
such tax, make such provision for the retirement of the canal debt as it
canal
shall deem equitable and just to the creditors of the State.
might be retained, and kept in a stationary and inade
quate condition; but the State does not have canals as a
Section 6—as amended in 1874, with section
3, by a free
highway for boats—the object is, its own commercial
vote of 423,190 to
101,132—was then made to read as
development; and whatever that object involves must ulti¬
follows:
mately be done. The choice has been made, and it now
Sec. C. The Legislature shall not sell, lease or otherwise
dispose of the
Erie Canal, the Oswego Canal, the Champlain
Canal, the Cayuga & remains to insure its proving a happy one.
The canals are
Seneca Canal) but they shall remain the property of the State and
under
its management forever, fHereafter the" expenditures
be
to
for collections,
retained, improved, and used as a natural regulator in
superintendence, ordinary and extraordinary repairs, on the canals
named in this section, shall not exceed, iu any
the
year, their gross receipts
transportation problem.
for the previous year.] All funds that
may be derived from any lease,
§ale or other disposition of
Hitherto
the canals have been left far behind by the rail¬
any canal shall be applied in payment of the
debt for which the canal revenues are
pledged.
road in respect to improvements; probably now
something
The changes now introduced into this section are these : will be done to
modernize them and increase their
menace
that
none
has been set up
as
The Black River canal is added to the four which the
State must keep, the words “ or the Black River canal ”
efficiency. But there is nothing alarming in this prospect.
The change in policy is too hard a one to be effected—
being inserted in the first sentence ; the second sentence— even were it attempted—otherwise than gradually and
distinguished above by being put in brackets—is stricken upon demonstrated approval to and by the people of the suc¬
out entire, of
necessity, as there will be no more revenues ; cessive steps. Engineering will now be put upon its mettle,
and, for the same reason, the last nine words in the section under much
greater knowledge and publicity than ever
as above
printed now read, “ the canal debt mentioned in! before, and there is no occasion for borrowing any trouble.
the third section of this article.”
Competition and the laws of trade, under their better oppor¬
We give the texts of these amendments that
they may tunity for free play, may safely be trusted.
he
u
.
on
record, but their
be stated in a sentence ::
abolished ; superintendence and repairs are;
to be put in the tax levies
ELLISON cf- CO.'S ANNUAL REVIEW OF THE
; and the State shall keep the
canals under its
COTTON TRADE FOR THE SEASON 1881-82.
management “ forever ”—that is, until
this policy is
the tolls
sum may
are
changed by another amendment. To what:
[CONDUCTED BY THOMAS ELLJSON.]
naturally lead is a question upon which men will
So far as Great Britain is concerned the past season compares
differ, according .as they regard these water-ways as obso¬ unfavorably with its immediate predecessor, owing partly to
lete or as worth
the too little importance attached to the large surplus stocks
preserving and enlarging.
this will
The State
of cotton and
goods accumulated during the previous two years,
partly to the too great importance given to the fall¬
well before the new amendments as it now is after
ing
off
in the out-turn of the American crop. More cotton has
them. But this constitutional
provision by itself merely seen consumed and more goods produced; but demand has con¬
forbade selling or leasing; the Legislature was not
tinually lagged behind supply, especially during the second
as
was
committed to the retention of the
canals,
and
562
THE
CHRONICLE.
half of the season, and diminished dividends have followed
as a
IVOL. XXXV.
A
East
m tr¬
Brazil.
Egypt¬
Smyr¬
W.I.,
ican.
Indian
ian.
na.
Total.
etc.
Throughout the season there was a constant
belief in an eventual important rise in prices (certainly to 7^d
Import.
1881-82
406
420
3,534
1,657
41
84
and probably to Sd.), and business was continually being done
6,142
1880-81
249
4,520
1.094
412
42
69
6,386
«n the basis of this anticipation.
The cotton community,
Increase
563
157
8
15
especially in England and America, therefore becama deeply
Decrease
986
i
244
interested in an advance, and as an advance did not come the
Stock Sept. 30.
1882
292
season was spoilt.
409
39
14
2
15
771
1881
666
229
27
45
3
8
978
Continental spinners commenced the season with a consider¬
Increase
180
12
7
able surplus stock of cheap cotton, and they were subsequently
Decrease
374
31
i
207
Tery fortunate in their purchases. Aside from this the state of
DELIVERIES
FOR
FIVE
SEASONS.
trade has been much more satisfactory (except in Russia) than
The following is a comparative statement of the
in the previous season, during which it was not so good as in
deliveries, in
England. In Russia business, which was exceptionally active 1,000’s of bales, during the past five seasons, with the weight in
in 1880-81, has been dull throughout 1881-2, and is now flat. In pounds:
Alsace, Baden and Switzerland both spinners and manufacturers
si
have done exceedingly well, owing to the constantly active de¬
Total weight,
mand for “Satinettes,” in great request for ladies and children’s
'a
lbs.
costumes.
The same branch of manufacture in England has
s
also been in a very satisfactory condition.
matter of
course.
-
-—
....
....
....
'
....
In the United States the business of the
season was
less satis¬
factory even than in England. Early in the season, to quote the
Financial Chronicle, “ spinners had to contend, not only
with the results of short food crops—which so affected
consump¬
tion that in the winter and early spring months there was a
considerable accumulation of stocks of goods than there
has been for many a year—but also with the speculation in
more
cotton, which disturbed values so as to put our spinners to a
disadvantage. One of the results of the speculation has been
that almost all the year Europe was able to buy American
cotton
cheaper in Liverpool than
could buy it here; and
another was that this condition in the price of the raw material,
being looked upon as unnatural and not permanent, helped to
prevent a relative rise in the values of goods, except for such
staple articles as were in active demand.”
[We omit remarks as to course of prices in 1881-82.J
we
*****
s-
The
opening, highest, lowest, closing and
Middling Upland compare as follows :
1881-82.
Opening
1880-81.
average
1878-79.
I.o west
Closing
67s
5 34
7M
67ig
478
Averge
77s
623.{2
G1^
631-2
61316
03;{2
Highest
The average
was
6
7-32d.,
1877-78.
6^2
7-i«
6i3,6
7^2
75,6
63q
6 34
51316
6*4
65ig
6%d., or 19-32d. below. The smaller margin of the past season
is due to the absence of " corner ” prices for the
higher grades,
and to the crop being more even in quality.
The
principal fluctuations in futures during the
pare as
follows
Spot.
October
October
November
November
November
December
December
January
January
February
March
1
IS
IS
25
30
3...'
19
...
69ia
18
15
May
June
June
22
26
July
August
September
September
September
27
17...
5
11
30
6-38 to 6-55 Apr.-May to
6-35 to 6-43 May-June to
6“ 16
5
6
23
en16
6»i«
6%
630
14
April
65s
6C16
6*2
65s
670
6i:q6
7^6
73i«
7
.
7i16
678
6-53
6- 48
7-4
711
6-60
7-3
6-38
to
to
to
to
to
to
to
to
to
to
d.
6-44
5-32
6*54
6-48
6 60
6-54
6-00
6-50
7-2
6-42
7 0
to 6-55
to 6-51
to 7-4
to 6-39
to 6’33
to 6 37
to 6-20
Oct.-Nov. to May-June.
“
to
Nov.-Dee. to
“
to
“
it
a
Dec.-Jan. to June-July.
“
to
“
to
it
it
Mar.-Apr. to
it
June-July to
“
to
9
a
following
a
tt
All
1,478,997,000
1,233,752,000
423
418
1,107.371,000
1,029,282,000
428
1,028,912,000
Europe.
1881-82
1880-81
1879-80
1878-79
1877-78
3,908 1,477 393 451 120 6,349
4,220 1,089 235 411 129 6,084
3,715 1,189 162 447 123
898 125 257 120 5.064
3,664
473-1
437-7
434-2
427-2
877 247 435 156 5.191 432-3
The average
weekly deliveries in bales
Great Britain.
Ainer.
E. I.
Others ;
2,68G,640,000
2,661,835,000
2,447,372,000
2,163,459,000
2,244,044,000
follows
were as
:
Continent.
Total.
Amer.
E. I.
Oth's Total.
Grand
Total.
’81-82146,927 7,9S0 11,237166,144 23.238 20.425 7,297 55,960 122,104
’80-81148,290 4,597, 8,689161,57'- 32,862 J16,3-17
’79-80144,104 5,200
’78-79 40,270 3,673!
■
4.256
6,225 55,434 117,010
8/7345S,038 27,339; 17,669 5,336 50,344 108.382
6,083 50,026 30,202.13,588 3,562 47,352 97,378
9,469 53,607 26,955'12,605 6,676 46,236 99,843
EXPORTS OF
YARNS AND PIECE GOODS.
Tarn. lbs.
Goods, yds.
244-3
249-6
217-7
235 0
2505
4,456
4,7.»3
4,304
3,631
3,681
*
r*
1876-77..
1875-76..
1971-75..
1873-74..
1872-73..
Yarn, lbs.
Goods, yds.
230-3
223-2
218-1
218-5
219-2
3,803
3,635
3,546
3,530
3,526
decrease of about 2 per cent in yarn and 6‘3 per
goods, against an increase in 1880-81 over 1879-80 of
per cent in yarn and 10*4 per cent in goods.
a
-
CONSUMPTION OF GREAT BRITAIN.
*
Deliveries.
1873-74..
1*74-75..
1875-76..
1876-77..
3,101,000
2,997,000
3,175,000
3,196,000
1880-81..
3,038,000
2,835.000
3,305,000
3,570,000
1831-82..
3.697,000
.
1878-79..
1879-SO..
IMPORTS, STOCKS AND DELIVERIES.
the imports, deliveries and stocks of cot¬
ton for Great Britain and the Continent
during the past two
seasons.
The imports and stocks for the whole of
Europe cornre as
follows, in 1,000’s of bales :
1877-78
415
428
lbs. each.
a
“
1,340,001,000
following is a comparative statement of the actual de¬
liveries, estimated consumption and surplus stocks at the mills
lor the past nine seasons, in bales of the uniform weight of 400
a
<•
ti
to
to
1,134,197,000
1,215,132,000
The
a
tember; good fair brown Egyptian opened at 7/6d., rose to
10%d. in August, fell back to lOd. in the same month, readvanced to lid. in September and closed at 9d. Surats have
fluctuated only slightly ; good Oomrawuttee
openiug at 5%d.,
rising to 5 9-16d. in August and closing at 5%d.
The
1878-70
14*6
July-Aug. to
Aug.-Sep. to Dec.-Jan.
Septemb’rto
“
2,602 436
2,787 436
cent in
to Au g.-Sept.
Feb.-Mar. to
1,478,997,000
1,428,083.000
1,468 1,062 114 188 78 2,910
850 76 164 84 2,883
1,709
919
43 174 61 2,61«
1,421
707 32
88 65 2,462
1,570
656 55 179 112 2,404
1,402
1880-81
1879-80
There is
a
Jan.-Feb. to June-Julv.
“
3.439 430
3,201 446
3,018 444
Continent.
1881-82
1881-82..
1880-81..
1879-80..
1878-79..
1877-78..
,
Pernams opened at 6 13-16d. for fair, receded to 6 9-16d. in
October, advanced to 8d. in August and closed at 7/id. in Sep¬
EUROPEAN
187-
2,074
42
45
62
55
44
following is a comparative statement of the export of
and piece goods from Great Britain in each of the
past ten seasons, ended 30th September, in millions of pounds
and yards:
Futures.
to
2.094
263
247
273
169
256
The
season com¬
d.
6 36
6-12
6-38
6-32
6-45
6-38
6 46
6-32
6-48
6-22
6-44
7q
6*8
GSg
1878-79
1877-78
279
159
119
93
192
cotton yarns
:
d.
2,294
Averag
Total.
weight of American bales this season is 446 lbs.
against 456 lbs. last season ; of Brazil 180 lbs. against 190 lbs.;
of Egyptian 651 lbs., and of Smyrna 350 lbs. for both seasons;
of West Indian 174 lbs. against 152 lbs.; of East Indian 389 lbs.
against 376 lbs. for Great Britain, and 367 lbs. against 372 lbs.
for the Continent. Of all kinds the average for Great Britain
is 430 lbs. this season against 446 lbs. last season, and for the
Continent 415 lbs. against 428 lbs.
price of “good ordinary” for the past season
below the average for middling ; in 18S0-81
5%d., or %d. below middling ; and in 1879-80
the average was
I879-80
415
239
270
191
221
weight.
The average
^d.
or
2,440
2,511
Brazil.
East
Great Britain.
’77-78139,882
1879-80.
7i4
74
638
678
prices of
India.
American.
1881-82
1880-81
....
Stock,
Oct. 1.
Supply.
144,000
95,000
21,000
21,000
27,000
3,245.000
3,092,000
3,196,000
3,217,000
3,079,000
2.870,000
3,377,000
27,0 0
25,000
35,000
35,000
Stock,
Sept. 30.
95,000
21,000
21.000
35,000
35,000
27,000
Consumption.
Total.
Pr. Wk.
3,150,000
60,577
59,057
61,057
61,192
3,071,000
3,175,000
3,182,000
3,03S,000
58,423
27,000
2,843,000
3,350,000
54,152
63,810
3,597,000
29,000
3,572,000
3.722,000
56,000
3,C66,000
68.692
70,500
The consumption of cotton in 1881-82 was 26 per cent larger
than in the previous season, whereas the export of yarn was 2
are
per cent, and of goods 6*3 per cent, smaller. The difference is
accounted for partly by the increased consumption of cotton
*
goods at home, partly by the goods exported containing
slightly
KOTBHBBR
THE CHRONICLE
18, 1882.1
563
v:\rn
cotton to the yard than in the previous season, and than ruled in either of the previous two seasons, in which
rtlv by the increased stocks held at the close of the year. case the stocks at the American mills and ports would be
Ife is possible, too, that the waste in spinning was greater in brought back to the figures of twelve months since. Aside
1881-2 than in 1880-81, though it is doubtful if this item from the replenishment of stocks, American spinners will, as
amounted to much, as, in all probability, the sand of 1881-82 estimated by the Financial Chronicle, require for actual con¬
was counterbalanced by the damp and dirt of 1880-81.
In the sumption 150,000 bales more than they used last season.
On this basis
the last-named season the increase in consumption was 6 6 per Canada and Mexico will also take a little more.
the
movements for the season will compare as follows:
cent, against an increase of 14 6 per cent in yarn, and 10 4 per
cent in goods, exported; but the goods exported were, on aver¬
more
187-
lighter in weight per yard than those shipped in 1879-80,
while the shipments in 1880-81 included a larger proportion
than usual of goods taken out of stocks carried over from the
age,
previous season.
deliveries, estimated consumption and surplus stocks at
the mills compare as follows in bales of the uniform weight of
400 lbs each:
The
Deliveries
2.566,000
41,000
94,000
41,000
2,300,000
204.000
2.572,000
2,573,000
2.768,000
3,084,000
54,000
117,000
94,000
112,000
1881-82.. 3,019,000
240,000
2.233,000
2,235,000
1873-74..
1874-75..
1875-76..
1876-77..
.
1878-79..
1879-80..
1880-81..
Consumption.
Stock,
Supply.
Oct. 1.
Sept. 30.
2,274.000
2,329,000
2,607,000
2.504,000
2,626,000
2,690,000
2,862,000
3,196,000
3,259,000
Total.
increase of 7*5 per cent
SPINDLES IN
in 1880-81
Pr. Wk.
94,000
2,180,000
41,000
204,000
54,000
2,288,000
2,403,000
2,450,000
117,000
94,000
112,000
240,000
2,509,000
2,596,000
2,750,000
2,956, OtO
139,000
3,120,000
The increase in 1881-82 over 1880-81 was 5 5 per
an
over
41.923
44,009
46,211
47,115
48,250
49.923
52,381
56*846
60,000
cent, against
1879-80.
EUROPE, AMERICA AND INDIA.
The following is an estimate of the number of spindles (exelusive of doubling spindles) in Europe, the United States and
India, this year and last:
1881.
40,600,000
21,245,000
11,450,000
1,496,000
Great Britain
Continent
United States
India
74,791,000
Total
The
1882.
'
Increase.
41,000,000
21,855.000
12,000,000
1,620,000
400,000
610,000
76,475,000
1,684,000
550,000
124,000
English figures were under-estimated last year and for
previously, owing to incomplete official returns.
several years
PROSPECTS.
Opinions as to the out-turn of the new American crop differ
far less widely this year than they did either twelve months or
two years ago in respect of the crops then coming to market.
Both last
and the
before, at this time, the
cautious in giving publication to their
forecasts, nor so moderate in the expression of their views, as
they are at the present moment. At the opening of both sea¬
sons the estimates ranged between 5/£ to 6^ million bales;
and, curiously enough, the maximum figure proved correct in
one season, and the minimum in the other.
This season there
is an entire absence of what may be termed small estimates,
few authorities looking for less than 6)4 millions, while many
are expecting 7 millions, and some as much as 7/6 millions.
The season has been very favorable throughout, though not
more favorable than that of two years ago up to this date; but,
Unless the area sown is under-estimated, it is difficult to see
how the crop can reach so large a figure as 7 million bales, to
say nothing of
millions, though, with an open winter, it
may easily run up to 6,750,000 or 6,850,000 bales. Here are the
particulars for the last eight crops:
prophets
season
were
neither
Acres.
1881-82....
1880-81...
16,851,000
16,123,000
14,428,000
13.202,000
12,231,000
11,611,000
11,745,000
10,040,000
1879-80....
1878-79....
1877-78...
1876-77...
1875-76...
1874-75....
This
season
so
*
the
Port stocks, Sept. 1
Mill stocks, Sept. 1
Crop, Bales.
5,435,000
6,589,000
5,757,000
5,073,000
4,011,000
4,585,000
4,669,000
3,833,000
1881-82.
6,800,000
5,435.000
218,000
128,000
6,589,000
5,781,000
6,821,000
124,000
41,000
6,965,000
Supply
CONSUMPTION OF THE CONTINENT.
Stock,
Crop
1882-83.
American consumption
^
1880-81.
141.000
91,000
2,136,000
1,986,000
1,855,000
Export to Canada, &c
Port stocks, Aug. 31
90,000
218,000
218.000
Mill stocks,
129,000
77,000
124,000
41,000
2,572,000
4,393,000
3,553,000
2,263,000
4,558,000
6,965,000
5,781,000
6.821,000
Aug. 31
Total
Export to Europe
Total
as
above
2,228,000
62,000
128,000
It is
just possible, therefore, that with a crop of 6,800,000
Europe may receive less American in 1882-83 than she
did in 1880-81, while even with a crop of 7.000,000 she would
not get much more than she did in that season. It is all a
matter of price ; at 6d. per lb. cotton moves out of sight rap¬
idly—at 7d. it disappears slowly, for the simple reason that at
the lower price consumers of cotton and distributors of goods
lay in stocks, while at the higher price they reduce their hold¬
ings to the lowest possible compass. It was the ignoring of this
economical truth that led so many people astray last season.
Price will have much to do with the supply from India.
Last season the import into Europe was 1,657,000 bales, but this
total included at least 100,000 bales kept back out of the pre¬
vious crop, owing to the low prices current in April, May and
June, 1881. With a large American crop it is hardly likely
that Surats will move to Europe as rapidly this season as they
did last, especially as they are pretty certain not to enjoy a
repetition of the extensive patronage bestowed upon them last
winter and spring by American and other speculators. It is not
unreasonable, therefore, to calculate that at least as much cot¬
ton will be kept back as was retained the season before last, in
which case the import into Europe in 1882-83 will not exceed
1,450,000 bales. < The most current estimates of the Egytian
crop range between 1,750,000 and 2,250,000 cantars, or from
about 250,000 to 320,000 bales of 650 lbs. each, against 420,000
last season. These figures may have to be changed later on,
but at the moment 320,000 bales is by the most competent
authorities considered a large enough estimate of the probable
import into Europe for the season. Last season the Brazils
sent 406,000 bales against 249,000 in 1880-81, and this season it
is expected that the supply will reach 500,000 bales.
From
Smyrna, the West Indies, &c., the imports will probably not
vary much from the quantity received last season, 125,000 bales
against 111,000 in 1880-81.
It has already been shown that Europe may not get more
than 4,393,000 bales American out of a crop of 6,800,000; but if
the yield slightly exceeds this figure, or if the Americans only
partially replenish their materially reduced stocks, the impor
into Europe may reach 4,500,000 bales. On the basis of this
figure, and the estimated arrivals from other countries, the im¬
port for all Europe compares as follows with the figures for the
bales
previous two seasons:
Per Awe.
1881-82.
1882-83.
0-323
0-408
0-399
0-384
0 393
Brazil
0-385
West India...
0-397
0 347
East India
American
Egyptian.
Smyrna
Total
Average weight
4,500,000
500,000
,
3,534,000
1880-81.
4,520,000
406,000
249,000
320.000
420,000
40,000
90,000
41,000
412,000
42,000
1,450,000
1,657,000
69,000
1.094,000
6,900,000
6,142,900
6,386,00G
422
84,000
417
■
440
planted is given as 16,590,000 acres, Bales of 400 lbs
7,025,000
6,403,000
7,279,300
which, on the basis of the largest previous production, that of
1880-81 (0’408 per bale to the acre), would give a crop of
The average week-rate of consumption last season was
6,768,000 bales; a production equal to the average of the six about 70,500 bales in Great Britain and 60,000 on the Conti¬
seasons, 1875-6 to 1880-81, would give a yield of 6,536,000 bales. nent, making a total of 130,500 for all Europe. As the great
Two months hence the receipts at the ports and the deliveries markets of the East appear to be over-stocked with goods, it
overland will help one to make a fairly approximate estimate of may be that the requirements of English spinners for the new
the crop, but at
present the only trustworthy guide is the acre- season will not materially exceed those of the old season; but
f£e» and that does not indicate more than 6,768,000 bales, say Continental spinners will, in all probability, increase their con¬
iu round numbers
6,800,000 bales, or about 200,000 bales over sumption fully five per cent. Perhaps, for all Europe, there
the yield of two seasons
will be wanted an average of 134,000 bales of 400 lbs. per week.
ago. With such an enormous crop as
this we should
probably witness a lower average range of prices The real deliveries may exceed, but they are scarcely likey to
season
area
664
'
r
TH B f CHRONICLE.
fall short of,, this estimate. la actual bales, the figures eonpare
follows with deliveries for the previous two seasons:
(Vot, XiXV.
STATU OF TUB COTTON
as
INDUSTRY OF THB
CONTINENT.
The
Average weight
Bales of 400 lbs
117,010
6,593
423*1
6,349
0,034
437-7
4 22-7
following acoount of the condition and prospects of
the
cotton industry of the Continent of
Europe is oompiled from
answers received to a list of
questions sent to the principal cot¬
ton ports and cotton manufacturing centre s in each
country in
the month of September. We take this
opportunity of thank¬
ing our numerous correspondents for the prompt and
hearty
manner in which they have answered our
questions, and we
trust that the perusal of our report will afford
them some
recompense for the trouble tliej' have been put to in
423-1
437*7
131,000 129,109
134,000
6,963
with
Consumption
127.H80
125,538
0,71 6
6,786
0,054
Average Per Week.
‘
.
Total 1,0005 of Bales.
1882-3.
1881-2.
1880-1.
American
Brazil
81,300
9,090:
Egyptian
Bm.yi na, W. 1., <te...
81,152
4,522
6,009
2,500
23,000
75,165
7,555
6,669
2,310
28,405
2,483
20,944
1,456
120,800 122,101
East luuia..
Total
The
;
•
.
_
422-7
139,500
18S2-3. 1881-2. 1880-1.'
4,227
468
312
130
7,909
6,968
3,908
4,220
393
451
120
235
411
1 29
1,477
1,089
.
mills.
at
before last
last
having purchased more sparingly in anticipation of lower
Tim stocks .of yarns and goods are much larger.
Increase
spindles'about 109,000, after allowing for one mill of 20,000 burnt. in
Moscow.—Business during the Past Season has been very slow
fairs were very quiet and there was on all sides an absence of ; tlio
enter¬
prise. Tile mild winter, early spring and hot summer largely influ¬
enced business; and now as winter is coming on our rivers
are so low
that communication, with the remoter provinces is almost
stopped
The Prospects for the new.season are, therefore, unfavorable.
The con¬
sumption of eotton has increased about 5 per cent. The stocks at the
mills are 20 per cent smaller than they were last season; but the
stocks
of goods and yarns are much larger, and many spinners
have com¬
menced to reduce the out-turn of tneir mills by ceasing to work at
night
time,
lucroaso iu spindles for all Russia estimated at from
290,000 to
On the basis of the
year,
foregoing- estimates, the movements
the ports of Europe in 1882-S3 will be as follows
(in 1000s of
Brazil.
Import
Btock, 1st Oct.
4,500
292
509
39
820
14
180
17
1,450
6,900
409
771
Supply
4,792
539
831
4,2*27
4G8
812
117
130
1,859
1,456
7,071
0,593
505
322
066
71
22
14
45
17
17
11
403
1,073
409
771
976
.
•
—
Deliveries
.....
Bffok, 30th Sept
Do
Do
1882....
1881....
89
27
Bearing in mind the fact
stock at the mills than
ent that
after
an
one
of
American
Egyptian Sundries
E. Indi'n
spinners
prices.
bales):
kmcric'n
complying
wishes.
Russia And Poland.
St. pKTUR.snuno.—Past Stetson not, so
good ns the previous ono—in
fome departments much
worse—owing i-a part to over production and
to the high price of the raw material, and, in
part, to the anti-JewIah
disturbances in the South which diminished the
number of buyers
The Nislmy fair was quiet, in spite of low
prices. The Prospects for tho
new S' ii'on are not over promising, but as
the harvest is good it is not
probable that business will get worse. The consumption of
cotton has
increased.
stocks
slightly
The
at the mills are rather smaller
than
6,528
spinners increased their stocks at the
mills; last season they reduced them; this season we have
assumed that the deliveries and consumption will be the same
—that is, that no alteration will be made in the
surplus at the
season
our
Total.
300,000.
289
Lodz
On
average tho Past Season loft little to be desired;
piioea
being better maintained than in tho previous season. The
Prospects are
very good in consequence of the increased import duties.
Consuinptio*
—
about the same as last season. Stocks of cotton smaller than a
year
since. There is more East Indian, but less
American, the supply of
which will scarcely sullicc till tho new crop comes in. There
are no
stocks of yarns and goods worth mentioning. No increase in
spindles.
About 18,000 were lost by lire, but so far 12,000 have been
replaced.
Total in existence about 400,000, all-working, less
5,000 or 6,000 ia
course of being replaced.
Sweden.
that
European spinners hold a smaller
they did twelve months ago, it is appar¬
crop of 6,800,000 to 6,900,000, coming
5,435,000, w^uld about restore the stocks of the
world to the aggregate touched at the end of
but would leave a deficiency iu
Pas! Season not so good as the previous one
owing to poor food cropg;
September, 1881,
I but the Prospects are more favorable on account of tho good harvest.
respect of American and Egypt¬ Consumption rather larger at scuie mills, but smaller at others, on tlio
whole unchanged. Stocks of cotton at the mills smaller.
ian.
The outlook for consumers is,
Stocks of
therefore, satisfactory, varus and
goods rather larger. Increase in spindles 2,000 to 3,000.
as it may be
Total at work ubout 310,009.
ta|ien for granted that with such a supply prices
in 1882-3 will j be lower, on
Germany.
average, than in any !of the past
Prussia.—Post Season better than the previous one, the earnings of
three seasons,I in which they were for
the
working classes having increased. Prospects for the new season
Middling Upland GMd.,
good. Consumption of cotton rather larger. Stocks of cotton unim¬
0/£d. and 6
respectively.
:
portant and unchanged from last year; smaller of American but larger
In some quarters it is
Surats. Stocks of yarns aud goods, on average, rather sandier.
suspected that the size of |the Ameri¬ of
Number of spindles slightly increased
by the addition of a few thousand
can crop1 is being
greatly exaggerated, arid that! instead of ring spindles.
Westphalia —Past Season- somewhat better than the previous one.
being 6,800,000! to 7,000,000, to Bfiy nothing of 7,250,000, it will
.Prospects favorable for a further improvement. Consumption of cotton
not exceed 6,500,000; but even if the
crop should not be larger increased about 0 per cent. Stock of cotton rather larger than iaat
than 6,500,000 jtliere would be
enough cotton to leave stocks year; stocks uf goods smaller. No increase in spindles.
M. Gladbacii, Rhenish Prussia.—Past Season better than the
at the end of .the season about the same as
pre¬
at the opening.
vious one, owing to the diminished import of
foreign yarns (brought
Twelve months'ago we stated that the world would want a
about by the increased duties) and to the
improved position of the lower
crop classes, who are tlio principal consumers of
cotton goods. As there are
of 6,215,000 bales to keep the then
no
stocks worth mentioning and as the crops are
heavy stocks intact, but we
good, and the mining
and iron industries are flourishing, the Prospect* for
also said, in
the new season
th^ same report, that under certain circumstances look
very well.
Increase in the consumption of cotton variously esti¬
(and before thtj great .Indian development had taken place) a mated at from 5 to 10 percent; more Surats used and less
American.
Stocks of cotton iu jnost cases smaller than last
year, but in some in¬
crop of 5,734,000 would suffice. So now we do not say that the stances
urn-hanged. Slocks of yarn and doth smaller than last year;
in fact, almost exhausted.
world needs 6,800,000 to 0,900,000, but
No new mills built, but some old ones
merely that such a crop enlarged.
One mill containing 4,000 spindles burnt down. Estimated
eould be handled without
difficulty, as it would be pretty evenly 'liet increase, 16,000; probable increase to the end of the year, 25,000.
distributed; while wo do not believe that any inconvenience ; Saxony.—Past Season generally reported as better than the previous
one, owing to a good and regular demand, to reduced stocks, and to
would ensue to consumers if the
yield should not exceed diminished English competition. Some spinners, however, complain of
6,500,000, as there would be sufficient to supply the estimated the greater waste in American and East Indian cotton, and of the con¬
sequent loss of profit. Prospects for tlie new season are favorable, owing
Increased wants of spinners without serious
to the good food crops and to the' circumstance that
producers are
trenching upon already
under contract for several months to come. Consumption of
stocks. It will require 6,500,000 bales,
however, to keep prices cottmi'incrcased about 5 percent. Stocks of cotton at the mills in eoina
•
31-j?2d.
•
•
‘
•
at
moderate level.
The size of the American crop is
at present so much a matter
of mere guess work that it is
impossible to form an opinion of
a
value
the probable course of prices during the
season,
especially as there is also much uncertainty respecting the
any
as
extent of the
Egyptian crop, and as to the movement from
On all these points prettjr definite information will
beavailable in about a couple of months. In the
meantime con¬
India.
while operating as sparingly as possible on the
spot, are
large buyers of early shipments and deliveries on the basis of
the rates now ruling for November and
December futures. It
is quite evident,
therefore, that for the remainder of the
eurret year spinner3 consider
6>£d. a safe price at which to
sumers,
put themselves under contract.
As to next year,
everything will depend on the developments
supply and demand during the coming two months, on the
expiration of which we shall know better than we do now
whether the American
crop is likely to be nearer six-and-a-half
of
{pillions than seven, or vice versa; while we shall also be better
able to gauge the condition and
prospects of the great distrib¬
uting markets for goods and yarns, the present unsatisfactory
state of. which is, to some extent, traceable to
the uncertain
outlook of the markets for the raw material.
instances as large as, or larger than, last year; but
mostly smaller.
Stocks of yarns and goods smaller than last year,
except a slight in¬
crease in hosiery yarns.
Iiierea^e in spindles, 45,060, and 80,000 moro
being set up. About 15,000 to 20,000 burnt down are being rebuilt.
Bavaria.—Pttsl Season better than the previous one, except in the
case of spinners who were not fortunate
enough to start with a good
stock of cotton bought at the low prices current in the summer of 1881.
A regular demand has enabled producers to sell
readily, especially as
there has been less English competition. As a rule a favorable view is
taken of the Prospects for the new season, because cotton is expected to
be cheaper. One correspondent speaks of the
probably injurious influ¬
ence of tho wet summer. Consumption of cotton rather
larger than last
season.
Stocks of cot ton at most mills are rather smaller than last year,
but in some instances they are slightly
larger. Stocks of yarns and
goods insignificant, and producers under contract tor several months.
Increase in spindles, 10,000.
Wurtembkro-.—Pant Season mostly reported as decidedly better than
previous one, owing to the steady demand, to the exhaustion of
previi us stocks, aud to the diminished competition from Alsace* Pros¬
pects favorable provided the Alsaoian manufacturers do not again turn
their attention, to the production of cloth similar to that manufactured
the
in South
influence
Garniany.
Two correspondents speak of the probable adverse
of the wet summer. Consumption of cotton increased 3 to &
per cent. Stocks of cotton at the mills smaller of Amci ioan but larger oi
Surats. Stocks of yarn and goods smaller than last
year, and pro¬
ducers well under contract.' increase in spindles 10,000, and 10,000
piore building. Many old spindles replaced by new ones.
:
Baden.—rast Season. After a regular business last autumn a brisk
demand sprang up at tho opening of 1882, aided by speculation in
‘•Satinettcs” (a tine cloth made from good to flue Egyptian eotton, ana
printed for ladies* costumes) in the neighboring Miilbouso market.
These came into fashion, and Satinettes which were at 65 to 70 centime*
per metro in September, touched 95 centimes for prompt delivery m
February. At tho moment the demand has ceased, and they are unsale¬
able at
75.
This exceptional business stimulated the whole oiota
market, and during the. spring very largo contracts were entered intp
for future delivery, leaving good margins for manufacture r, Recon«qr
JfOVKMBEB
L
•'
*
•
IS, 18£2.]
;
—
-
THff CHRONICLE.
'
ceased; no cloth is offered, ns everyone is still under
tw0 or three months, but further sales could only be
wages. Prospects good. The consumption of cotton is little change#—
slightly increased, but many spinners have largely inoreasod their con¬
°&u V .,1-It a heavy decline. Yarns w.u-e slow to follow the movement sumption of Surats at the expense of American. Stocks at the miJUi
©fiecieu
jiave> 0f course, prolitod’ to some extent. On the whole the, smaller than last year. Stocks of yarns and goods much smaller, and
In 0
producers generally under contract, soma as far as March next. In¬
has beou very satisfactory; but the Prospects for the new season
.season ii
^ ^ far; domestic crops (wluc, fruit, potatoes, &c.) are crease in spindles about 20,000.
? ii? hurt lnT the luolomout weather, and our peasants have no money
SPAIN.
•
fliuaiil
cousumntion of cotton slightly increased. Stocks at the
Kcspceting ihe Past Season the reports are somewhat conflicting, but
itfi nmch larger ‘than la?t year—sufficient for ten to twelve week’s on the whole they give the results as less favorable than the previous
^■Orpniftuts. Stocks of yarns and good*-at a minimum; weavers one, business having been adversely influenced by the drought experi¬
hands
enced in most of the provinces, but especially in Andalusia, one of the
in
largest consuming markets. The want of water occasioned the partial
Total
stoppage of machinery in a muflber of mills. The strikes which hava
taken place in several places have also injured business. Plenty of raid
number of spindles about 360,050, all working full time.
having fallen, a more cheerful view is taken of the Prospects for the new
Als4CH —Past Season considerably better than the previous one,
season..
The consumption of cotton has been slightly less thuniutho
^anociallv for hue {roods. thanks to the new fashion of wearing prints,
fvirricularly satiuettes. The Prospects are good, producers being mostly previous season. Stocks of cotton at the mills aro unchanged at soma
imder contract for threo to six months ahead.
Consumption of cotton. places, but much larger than last year at others. The stocks of yarns
goods are in some instances larger, in others smaller, than last year,
Shout the 8 nine as last year; the diminished weight occasioned by the : and
increased production of medium and line'yarns being counterbalanced and in' others unchanged. Not much increase in spindles—probably
15,000 to 20,000.
hvthe increased production of counts below 20’s; more Jurats used,
ITALY.
and less low American. Stock at the mills, compared with last year,
Past Season less satisfactory than the previous one. owing to the high
less of American, about the same of Egyptian, but larger of Surats.
Stock of yarns and goods decidedly less tlmn lust year, reduced, in fact, price of cotton and to the circumstance that buyers of goods (influenced
by the unsatisfactory crops and too mild winter) have all along pur¬
to a minimum. Little change in the number of spindles, about 40,000
chased only to supplv immediate wants. Tho Prospects are favorable,
^
burnt down, but replaced by olners.
owing to the good silk and wheat crops—especially as cot1 on prices are
AUSTRIA.
expected to be lower. In some places the consumption of cotton Is un¬
Boitemia.—Past Season bettor than the previous one; the demand changed, but in others it has increased 5 to 10 per cent. Stookaof
the mevem
-
m,
"
-/with reduced foreign imports) being constantly sufficiently good to
take off the outturn of the mills and to keep producers under contract.
The Prospects indicate continued good business, many spinners under
•
contract until March, 13-*3, at good prices. Consumption of cotton
rather large, especially of Surats. Stocks at the mills about the same
as last year;
larger of Surats, but smaller of American, for which
description there is a demand for early delivery. There are no
Of cituei yarns or goods in lirst hands. Increase in spindlos
stocks
about
30,000, and 10,000 more getting ready for next season.
Ui'PGit Austria.—Business brisker during the rasl Season than in tlic
previous one. Producers still full of ooutraoia. Prospects good. Con¬
sumption of cotton about the same as last season. Stocks of cotton at
the mills larger than last year. Almost uo stocks of cither yarns or
goods. Increase, in spindles about 10,000, and many improvements
introduced into existing mills.
Lower Austria.—Past Season much better than the previous one,
owing to higher import duties, lessened foreign competition, good grain
oropsaud easy money. Easiness people in general more enterprising
than since tin* crisis of 1S7J; consequently some fear of eventual over¬
.
production. The Prospects are favorable for continued satisfactory
trade; the food crops, particularly those of Hungary, being very prom¬
ising. Consumption of cotton increased about 6 per cent. Stocks of
Surats at the mills about the same as last year, but of American much
less. Stocks of yarns and goods almost exhausted, and producers full
of orders. Little change in spindles; one mill containing 17,000 burnt
down, but the loss-about counterbalanced by additions elsewhere.
Many mills fitted up with new machinery.
Tyrol and Vorar-lbeeg-.—Past Season much better than the previous
owing to continued active trade arising out of the good grain crops,
and to diminished English competition, brought about by the AustroGerman import duties. The Prospects are good, as producers aro under
oontraet for some mouths to come, but it is feared that the late inuudationa in the Tyrol may depress business iu some districts. Consumption
of cotton increased about 7 per cent. Estimates vary from no change ts
an increase of 8 tier cent, chiefly 6 to 8 per cent.
Stocks of cotton
smaller in some mills but larger in others. Stocks of yarns and goodo
exhausted. Increase in spindles 10,000 to 15,000.
Goritz —With good crops the business of the Past Season was better
than the previous oue; and for the same reason the Prospects are good.
Consumption of cotton rather less than last season owing to one mill
being burnt. Stocks of cotton same as last year. Stocks of yarn and
goods reduced to a minimum. The mill burnt down had 4,500 spindles,
but is being rebuilt, and when opened will contain 7,800.
About 600
spindles added to the other mill in this neighborhood.
one,
are some
complaints, the business of the Tast Season
has, on the whole, been more satisfactory than that of the previous one.
The spinners of Egyptian cotton (who comprise the bulk of tho Swiss
cotton industry) have done very well, owing partly to tho fact that they
laid in a large stock of the raw material at low prices, and partly to the
continuously active demand experienced for flue yarns in connection
with the manufacture of satiuettes, for which there has been an excep¬
tionally ready sale (especially for export) for both immediate, and for¬
delivery. Tho continued diminished English competition lias also
helped to maintain prices at a remunerative point. Tho Prospects tor
the new season are good, because it is expected that lower prices will
rule for cotton. The consumption of cotton is little changed, but is
probably larger than last season. Of Egyptian there is a distinct in(rease, but of shorter stapled sorts a slight decrease. Some of tho mills
bad to work short time in the winter owiug to a scarcity of water. The
stock of Egyptian cotton is much
larger than last year; there is also
ward
all parts of tho world.”
HOLLAND.
last Season not so
as tlie previous one. Tho demand for yarns
goods has rather increased than decreased, but the production has
increased in a greater ratio, and competition lias forced down prices,
especially for goods. The Prospects for the new season are encouraging,
and
good
owingto the good harvest. The consumption of cotton is probablylittle
Changed. About 29,000 spiudles have been lost by fire, but 14,000 new
ones have come into
operation, and some of the bettor constructed and
more modern mills have increased their outturn.
are about the same as last
year; much smaller of
The stocks of cotton
American, but much
larger of Surats. Stocks of yarns and goods about tlie same as last year,
wuinberof spiudles about 15,000 less, as exolainod above. Total at
'•ork, about 230,000.
'
,
FRANCE.
_
AND ^ISThiCT.—Past Season bettor than the previous one, bet^Vaot, thau for many years, past, owing to the good crops. Prosfciio-L+i
tIle new season very satisfactory. Consumption of cotton
fir k increased; rather smaller of American, but considerably larger
RffLi
Stocks at tho mills a trifle heavier than a year since.
orocKs of
tw
•
insignificant, and of goods much smallor than List year,
moment in the number of spindles, but some that woro
a°a8on have since been jput to work.
yarns
j-bcrease of
n®
nwmDB;ux,i.LlLLE* &c.—Past Season better than the previous
rmwrlhlr
*jue
some cases, but much
whole heavier than last year, especially of
GREECE.
A regular business lias been going bn the Past Season, and tho Pros¬
pects for the next season are favorable. The consumption of ootton is
little changed from last year, probably au increase of about 4 per cent.
Stocks of cotton at the mills will be used up during this month.(Septem¬
ber), whon the new Greek crop makes its appearanoo. Stocks of yarn
light—same as last year; but stocks of goods 20 per cent larger, owing
to foreign competition. No increase in spindles.
Totai iu Greece about
60,000, all working full timo.
(Complete reports from Belgium and tlie Vosges (Prance) not y&t to
hand, but shall lie given in November Circular,]
*
*
*
#
v-
-
Ellison & Co., Cotton Brokers.
7 Rumford Street, Liverpool, Oct, 26, 1882.
iPCmiciaviti ©mwmcvcial % ugtish Items
RATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
EXCHANGE AT LONDON-Nov. 4.
On—
Time.
Amsterdam.
3
mos.
Amsterdam. Short.
EXCHANGE ON LONDON.
Latest
Date.
Rale.
12-5 kj
12 2 4
20*61
20-65
20*65
12*10
Nov.
@12*6
@ 12-34
....
3 mos.
ft
Berlin
Frankfort...
Vienna
if
Genoa
Madrid
4 Short.
.
•
•
•
Rate.
1210**
•
4 Short.
M
4
if
4
<<
4
it
4
ft
4
4 Checks
4 Long.
25-35
25*35
25-38
11-91
Nov.
4 Short.
47-30
Nov.
1 3 mos.
4 Short.
4 4 mos.
ft
4
it
4
<(
4
95*4
4-80*3
Nov*.
Nov.
a
Nov.
@20-69
a
@12-1114 Nov.
n
25-52*2 @ 25*57 *a Nov.
Antwerp....
it
Nov.
St. Petcrsb’g
23*4@23* hi
Checks 25*21 *4 3)25-26*4 Nov.
Paris...
3 mos. 25-47*2 @25*52**' Nov.
Paris
Hamburg...
Time.
'a 20*68
@20-69
->
25-26*a
243, 25-21
25*23*«
'25-82*fl @25-87*0
ti
45l5ie®461 ir
it
....
Alexandria
New York...
Bora nay .... 60 days
Calcutta..
.
Hong Kong..
Shanghai....
•
*
*
•
......
Is. 7*:4fid.
Is. 7*3JGd.
3s. 7 VI.
4a. 11VI.
|Nov.
!
Nov.
Nov.
]Nov.
•
Nov.
i
-
IS. 72332d.
Is. 72i»a2d,
3s. S7sd.
5s. 1*8(1.
v
1
i
.
rather more East Tndiau, but the stock of American is decidedly
smaller; in the aggregate this is not much change. The stocks of yarns
and goods are smaller than last year; of flue
yarns and the goods made
therefrom there are no stocks at all. and producers aro under contract
till the end of the
year. Increase in spindles, 40,000 to 50,000. Total
m
existence, 1,902,000, of which 40,000 are not working. In reference
to the competition of Handles er, one Swiss
correspondent says that
At tlie present
production, at liiali pressure, England’s advantages for
export are more and more prominent, namely, cheaper cotton (about
*21. per lb.); cheaper coal (about 100 per cent); saving of interest on
capital employed in tho purchase of cotton, Liverpool being so near as to
enable purchases to be made from hand to mouth; and cheaper freights
to
larger than last year. Stocks of yarns and
larger in others, and on the
goods. Increase in spindles,
40,000 to 50,000, making the total at work in all Italy about 1,030,000.
goods unchanged in
Lisbon
SWITZERLAND.
Although there
cotton at the mills rather
a^i
«
one,
generally i m proved state of business and to the settled
polities at home and abroad. The season opened favora-
miRs have all along been under contract at good prioes.
correspondent .speaks of tho probability of “strikes” for higher
| From our own correspondent. I
London, Saturday, November 4, 1882.
The Bank of
England rate of discount remains at 5 per cent,
during the greater part of the week the quotation in the
open market has not been more than 3% per cent. The Bank re¬
turn, however, is not a favorable document, but it shows chiefly
that coin and notes have been largely wanted for provincial and
Scotch circulation, tlie result of which is that the total reserve
has been largely diminished. The increase in. the circulation of
notes amounts, in fact, to £3S0,440, while the supply of bullion
has declined to the extent of £829,553, the falling off in the
total reserve amounting to £1,209,993. The supply of bullion
held by the Bank now amounts to £20,162,826, against £20,860,535 last .year, while the reserve of notes and coin is £9,209,961,
against £10,133,930, the proportion of reserve to liabilities being
33 93 per cent, against 36‘40 per cent last week and 37% per cent
last year. The Bank rate at this period in 1831 was 5 per cent*
but the open market rate of discount was 4 per cent. In a few
days coin will be returning from Scotland, and, as the New York
exchange on London is not favorable to ah export movement in.
gold from this side, though the tendency is in that direction, a
return of ease may soon be expected, more especially as the
trade of the country is very quiet. The following are the pres¬
ent quotations for money :
•
but
rer cent.
Bank rata
Open-market rates—
30 and 60 days’ bills
3 months’ bills
5
334@37a
Open-market rates—
Per cen*.
4 months’ hank bills
3H937*
6 months’ bank bills..... 3%@37a
4 & 6 months’ trade bills. 4
@5
33i<?37e
The rates of interest allowed
by the Joint-stock banks and
(discount houses for deposits remain as follows:
566
*
Do
Tenders
with 7
were
Per cent.
3
3
1
Join t-Btock banks
Discount houses at oall
.
CHRONICLE.
THE
or
14 days’notice
received afc Calcutta
3^
Wednesday for a new
four-per-cent loan for £2,500,000. The applications amounted
to £9,960,800, being nearly four times the amount
required.
Tenders at the rate of £98 9-16
on
and
upwards
[Vot. iXiV.
change”
was advised in the administration. In their
concluding remaps
Messrs. Allport and Swarbrick stated: “By the
capital statement it
be seen that, the nominal capital of the
company has increased from lft?o
to the present time, from 60 millions to 124^ millions
(dollars) or nna
sibly to 132 Lj million dollars, and of this lar^e increase of
64^ miUiona
or posssibly of 72*2 millions, we have
only been able to trace some
millions that can by any possibility have added value to
the property
you have acquired, the huge remainder being bonuses,
discounts cani
talized interest, and almost
every other variety of financial device for
will receive
28% P«r cent, the average rate, it is understood, having been
£98 15-16.
Annexed is
statement
a
petition, and also to the serious injury to your traffic increasing comreceipts, as we
think, resulting from your long receivership, and your financial
embarrassments
showing the present position of the
Bank of England, the Bank rate of discount, the price of con¬
sols, the average quotation for English wheat, the price of mid¬
dling upland cotton, of 40 mule twist, fair second quality, and
the Bankers’ Clearing House return,
compared with the three
previous years:
1882.
1881.
£
Circulation
Public deposits
Other deposits
Governort securities.
1880.
£
28,525,740
4,170,767
31,684,969
18,570,528
18,587,871
15,108,634
16,662,856
27,340,699
30,188,596
50i2
2*2 p. o.
46
100
43s. 7d.
3 p. o
98
50s. 4d
6-VI.
7Hi«d.
103|d.
10d.
Clear’g-house return. 144.971.000 144,815,000 141,440,000 121,185.000
The following are the current rates of discount at the
princi
pal foreign centres:
Bank,
rate.
Pr. ct.
Paris
Berlin
...
Open
Bank
Market.
rate.
Pr. ct.
Pr. ct.
3 >4
3*2
5
4»0
45@
Frankfort....
Hamburg
Amsterdam..
Brussels
There is
5
5
4 ifl
Madrid
Vienna
St. Petersburg...
Geneva
Genoa
43*
43*
4i«
Copenhagen
Open
r
Market.
Pr. ct.
4*2
4*2
5
6
4
5
5
5
6
4
5
‘
ing prices of bullion
are
Spanish doubloons
companies
Meantime you are
yearlv
capital account, and vet
to your
under the 11th clause of your first mortgage bonds are
hampering your
power to provide means for the necessary development of
your line
except at the expense of your net revenue. Your position in
relation to
other companies, is that either in combination with
existing lines or by
the construction of new connections,
your road was intended
capable of being made, part of a through system from east to as, and U
without entering on the vexed questions of the past, a fair west. If
and perma¬
nent arrangement can now be made with the Erie
Company, under
which you w ould form an integral part of their
system, receiving due
consideration for your traffic and position, that appears to
us the best
course for you to take, but failing
in that we would not recommend you
to continue in a relation with the Erie
Company which makes your line
only one of their alternative routes, and subjects you to all the
disad¬
vantages of that position.
As regards
administration, we strongly urge
that both here and In America the control of
your affairs should be
entrusted as far as possible to practical
railway men of standing and
ability, and we consider this equally important, whether an
ment writh any other company is found to be
practicable,
you
or
have to stand alone.”
As
a
arrange¬
whether
result of the above
report, there has been a complete
the Stock Exchange in the bonds, and the quotations
have experienced a very
heavy fall, so that the trustees put out
panic
the
on
following
announcement:
The trustees of the New York
Pennsylvania & Ohio Railroad
hope to have ready, early next week', an analysis and statementCompany
relating
Swarbrick, and the present condi¬
company, which they believe will be of some
importance and value. In the meantime they feel it their duty to warn
proprietary against the sacrifice of their property in a foolish panic.
We have had another week of
very boisterous and wet
the
4ia '
weather.
Farm work is, therefore, greatly
delayed, but no
effect is produced on the wheat trade, which rules
extremely
quiet. This is attributed to the liberal importations, and to the
large stocks of foreign produce which have accumulated at our
outports. The improvement in prices which has recently taken
place has now been lost.
A statement has
recently been published, showing the extent
Since 1872 the debt of the country has
Pixley & Abell’s circular:
GOLD.
8.
d.
8.
d.
nearly doubled, and the annual deficit has been annually
peroz. standard. 77 9 ®
per oz. standard. 77 10 Lj®
increasing, viz., from £11,000,000 to £24,000,000 during the last
per oz.
73 9*2®
twenty years.
The following table shows the income and
peroz. 73 S^®
peroz.
76 3*2®
expenditures for 40 years :
from Messrs.
'Bar gold, fine
Bar gold, cont. 20 dwts. silver
improved.
to the report of Messrs. Allport and
tion and pi ospect of the
demand for bar gold for export, and moderate
supplies have been sent into the Bank. Coin has, however,
been withdrawn, chiefly for
Egypt. The silver market has been
dull, and the quotations have had a downward tendency. At
the weekly sale of India Council bills
only £29,018 in bills on
Calcutta were sold at Is. 7%d. the
rupee.
It is expected that
the rate will be reduced next week. Mexican
dollars have
declined in value to the extent of %&.
per ounce. The follow¬
no
present position may be
adding millions of unearned interest
27,232,065
4,494,827
25.320,845
15,365,070
17,275,496
3,668,407
3,293.263
23,197.832 23,379,562
12,581.057 14,120,269
22,945,295 20,334,892
Other securities
Res’ve of notes & coin.
9.209,961 10,133,980
Coin and bulliou in
both departments..
20,162,826 20,860,535
Proportion of reserve
to liabilities
33*98
37^8
Bank rate
5 p. c.
5 p. c.
Consols
102is
993*
Eng. wheat, av. price.
40s. 3d.
47s. Od.
Mia. Upland cotton...
6»i^d.
630,1.
No. 40 Mule twist...
10*4d.
lOkd.
your
1879.
£
£
26,702,865 26,476,555
not allowing you to strengthen and consolidate
your position
other companies have done. We desire to
impress upon you that
you must take 1880 as a new starting point.
With moderate
increase
of rates, and better arrangements with other
as
of the Russian debt.
.
.
South American doubloons
United States gold coin
German gold coin
.
.
.
®
per oz
silver.
Bar silver, fine
Bar silver, containlg 5 grs.
gold
Cake silver
Mexican dollars
Chilian dollars
d.
peroz. standard. 513*
peroz. standard. 52 ^
per oz. 557s
per oz., last price 5030
per oz.
...
Quicksilver. £5 17s. 6d.
Discount, 3
Revenue.
.
d
®
®
®
®
per cent.
Mr. James Allport and Mr. Samuel Swart
rick, two gentlemen
well known in connection with British
1843-52
1853-62
1863-72
1673-82
Total
Expenditure.
Deficit.
£302,000,000
376,000,000
417,000,000
615,000,000
£363,000,000
484,000,000
522,000,000
856,000,000
£61,000,000
l()8,0u0,009
106,000,000
241,000,000
£1,710,000,000
£2,226,000,000
£516,000,000
The
following table shows the growth of the three forms of
public debt:
Foreign.
Internal.
Total.
Paper
money.
railway undertakings, 1842
£6,00o,000
£2.3,000,000
£8,0o0,0u0
£37,000,000
have just returned from the United
1852
12,000,000
61,000,000
22,000,000
95,000,000
States, after having in¬ 1862
41,000.000
99,000,000
202,000,000
61,000,000
spected the New York Pennsylvania & Ohio Railway Com¬ 1872
105,000,000
133,000,000
74,000,000
312,000,000
1882
189,000,000
273,000,000
91,000,000
553,000,000
pany. The shares of that undertaking are
held
largely
through¬
Down to January, 1881, Russia had paid in 40
out this country, and its
years to the
good fortune is a matter of great im¬
bondholders a sum of £151,000,000 sterling. The loan recently
portance to numerous small investors. The undertaking
has,
however, had a checkered existence, and the fluctuations in the issued has not met with much success in this country, only about
one-third of the amount having been taken up.
value of its bonds has for
many years been severe. The report
The stocks of wheat in Liverpool are now
of the above-named gentlemen does not lead to
very large, as will
the conclusion
be seen from the following statement:
that there is to be a new departure, or that the
company will
1881.
1882.
make steady progress towards
Wheat
centals. 3,279,695
960,677
improvement. The result has Flour
sacks.
110,871
been that the various securities of the
184,398
company quoted on the Flour
...barrels.
5,380
4,792
Indian
corn
London Stock Exchange have declined in value to the
centals.
192,188
1,039,934
extent of Oats
centals.
45,411
130,927
about ten per cent. At the
meeting held on Thursday, after
"The
following return shows, the extent of the imports of
the report was read the Trustees announced
that they would
cereal produce into the United Kingdom during the first nine
require some little time to consider what their
duty was, and weeks of the season,
that they could report the result of their
compared with the corresponding period
deliberations to the
bondholders
as soon as
practicable.
lengthy and exhaustive,
The report, which is very
states that:
The property
acquired, through the reorganization trustees of 1875
and their American
agents, of the late Atlantic & Great Western Rail¬
way Company consisted of 423x4 miles of
railway, of which the com¬
pany were absolute owners, with
sidings, working stock, &c ; and 144
miles of leased lines in which
had a beneficial
they
interest. After reof the Atlantic & Great Western
Company, the capital of the undertaking was shown after the
reorgani¬
zation of 1871 and 1875. The
revenue accounts were afterwards
given
at some length, and it was shown
jarring to the unfortunate past history
that the traffic and revenue—both
local and through—bad exhibited
considerable progress between 1879
and the June
half-year of 1882, the line having been taken out of the
liacds of the Receiver in
January, 1880. Satisfaction was expressed
generally at the condition of the line and work. It was
suggested that
it would be well to
provide a moderate working capital, and a “material
in the three previous seasons ; it also shows the
quantities of
wheat and flour
placed upon the British markets during the
current
and three previous seasons, the average price of
English wheat for the season, the visible supply of wheat in
the United States and the
quantity of wheat and flour afloat
to the United Kingdom.
*
IMPORTS.
1882.
Wheat
cwt. 15,935,389
Barley
2,385,075
Oats
Peas
Beans
Indian corn.......
Flour
1,350.286
132,370
203,813
2,706,516
2,516,344
1881.
12,060,221
2,611,607
2,383,274
254,429
1880.
337.142
12,689,635
2,719,099
2,596.788
461,647
297,281
5,884,991
769,940
2,088,727
2,030,142
1879.
14,264.367
3,466,711
3182,795
204,684
487,743
4,673,288
2,178,1*2
50T*mbbb
THE CHRONICLE
18, 1863.]
SUPPLIES AVAILABLE FOR CONSUMPTION.
1882.
1881.
1880.
of
EXPORTS FROM NEW YORK FOR THE WEEK.
1879.
ggSSS flonr.;.~ - 3,516,344 2,088,727 2,030,142 2,178,142
^rodilM —— 7.751,140 7,441,000 6,664,000 3,356,600
26,202,873 21,589.948 21,383,777 29,799,109
AwSat^o? gjasonfqr.
1879.
12,000,221 12,089.635 14,264,367
wheat.CWt. 15,935,389
Total
567
49s. 5d.
41s. 6d.
47s. 6d.
«TO?1!^14WWIOO 20.500,000 17,400,000 28,982,700
2,018,000 2,242,000
41s. 6d.
AdSm?e°8timTted^.g"
For the week...
Prev. reported..
1880.
$6,9S7,695
$8,084,388
$7,005,219
$6,958,823
352,291,883
323,511.659
290,231,554
Total 45 weeks $304,606,557 $360,376,271 $330,516,878 $297,190,377
The following
at the port of
table shows the exports and imports of specie
New York for the week ending Nov. 11, and
since Jan. 1, 1882
:
EXPORTS AND IMPORTS OF SPECIE
Mon.
Sat.
513s
d.
Bflver, per oz
102
Consols for money
Consols for account. .... 102U
80-60
Fr’ch rentes (in Paris) fr.
U. 8.5s ext’u’d into3%s
U. 8.41*8 of 1891
U. 8. 4s of 1907
Erie, common
stock
Illinois Central
102%
1025ir 102%
102%
102%
104%
79-85
104
115
*104*"
3958
152%
29%
116
122%
153
64%
29%
135%
d.
8.
12 3
8 8
8 3
8
7
8 11
8 0
96 0
12
8
S
8
s.
Flour (ex. State.. 100 lb.
Wheat, No. 1, wh.
“
Boring, No. 2, n.
“
Winter, West., n
“
Cal. white
“
Com, mix., West.
“
Pork, West. mess. .$ bbl.
Bacon, long clear, new..
Beef, pr. mess, new,$tc.
Lard, prime West. $ cwt.
CheeBe.Ara. choice, new
.
89
61
59
.
0
6
0
80 45
104
116
122
8
8
96
.
.
..
89
61
59
d.
3
8
3
8
11
0
0
..
0
9
0
xll 5 ;
122%
153%
x62%
29%
135%
136
Tues.
12
8
8
8
8
8
96
..
d.
3
8
3
8
10
1
..
89
62
59
0
.
0
0
0
d.
3
8
3
810
8.
12
8
8
8
8
8
96
.
.
O
0
.
w9
62
59
.
.
0
3
0
12
8
8
8
8
8
96
.
.
.
.
89
62
59
.
$
$29,652,492
2,526,150
2,500
$106,498
401
232
85,660
6,088
262,131
2,071,631
206,169
260,150
598
317,296
91,016
1,299,314
$262,729
122%
Total 1880
2.184,523
118,963
1,377,872
Silver.
Great Butain
France
$
50,000
German
West In i-
Fri.
ft.
3
12
8 8
8 3
8 8
8 10
8
2
96 0
...
0
6
0
Mexico
8outh America
All other countries
Since Jan. 1.
435.066
s.
.
$
*1Week.
2,625
18,800
135
d.
3
8
3
8
10
2
0
8.
Great Britain
France
Germany
West Indies
Since Jan. 1.
$2,500 $33,829,951
29%
Thurs.
Week.
Total 1882
Total 1881
62
134%
Imports.
Gold.
115
39%
1525a
29
Wed.
.
.
122%
39%
152%
6134
39%
64%
29%
8.
515lfl
80-30
40%
154%
Mon.
Sat.
Liverpool.
Fri.
51516
10U&16
103%
Philadelphia & Reading. 29%
New York Central
'.. 135%
Thurs.
101%
80-65
61%
TFerf.
515i6 51516 515l6
101io16 1021I6 101%
103%
115%
122%
Pennsylvania
Tuts.
AT NEW YORK.
Exports.
The daily
London.
1882.
297,618,862
English Market Reports—Per Cable.
closing quotations for securities, &c., at London,
and for bread-stuffs and provisions at Liverpool, are reported
by cable as follows for the week ending November 17:
1881.
89
62
59
.
.
0
6
0
.
$7,521,033
$2,793,273
50,831,402
47,630,258
$26,279
$
1,208
128,004
1,226,350
216,500
*
115,077
27,245
817,167
....
Total 1882
Total 1881
Total 1880
1,033,055
891,227
8,697
7,919
17,154
8
Mexico
South America
All other countries
$50,000
$9,798,204
$16,616
180,600
325,446
9,565,338
5,183,139
25,435
729,325
$2,222,095
2,521,576
4,971,464
Of the above
imports for the week in 1882, $146,456 were
Of the
exports for the same time, $2,500 were American gold coin.
American gold coin and $5,141 American silver coin.
Auction Sales.—The
Stock Exchange, were
following, seldom or never sold at the
sold at auction this week by Messrs.
Adrian H. Muller & Son:
Call for Bonds.—The Secretary of the Treasury has issued
the one hundred and nineteenth call, dated Nov. 10, for $15,-
100,000 bonds, the bonds to be paid Feb 10, 1883, and interest
to cease on that day, as follows : Registered bonds of the acts
of July 14, 1870, and Jan. 20, 1871, continued, during the
pleasure of the Government, under the terms of circular
No. 52, dated May 12,1881, to bear interest at the rate of 3}£
per centum per annum from Aug. 12. 1881:
{No.
B479 to No.
B550,
No. B1,60Mo No. B 1,609,
ino_
B3.651 to No. B4.300,
1UU— { No.
l No. B13,299 to No. B 13,331,
t No.
Bl,951toNo. B/2,250,
ouu
i No. B5,948 to No. B5.964,
i non
{ No. B9,401 to No. B11,500,
l.uju
^ Nf) 320,760 to No. B20.8L3,
k non
{ No. B2,501 to No. B2,800,
d.ouu
^ y0 B.5,801 to No. B5.810,
in non
\ No. B9.001 to No. B11,500,
iu.uuu
^ y0 318,425 to No. B 18,485,
^
on non
^o,uuu
*;nnnn
oo.ouo
? No.
^ y0
B 1,538 to No.
32,247 to No.
B3,901 to No.
36,040 to No.
{ Vo.
<
both inclusive, and
both inclusive.
both inclusive, and
both inclusive.
both inclusive, and
both inclusive.
both inclusive, and
both inclusive.
both inclusive, and
both inclusive,
both inclusive, and
both inclusive,
Bl,600, both inclusive, and
B4,600, both inclusive, and
B6,016, both inclusive.
celed, leaving outstanding the amount above stated.
Imports and Exports for the Week.—The imports of last
week, compared with those of the preceding week, show a
decrease in dry goods and an increase in general merchandise.
$8,922,276, against $8,873,958 the pre¬
two weeks previous. The exports
for the week ended Nov. 14 amounted to $6,958,823, against
$8*027,765 last week and $5,855,520 two weeks previous. The
following are the imports at New .York for the week ending
(for diy goods) Nov. 9, and for the week ending (for general
merchandise) Nov. 10; also totals since the beginning of first
week in January:
were
ceding week and $7,637,733
FOREIGN IMPORTS AT NEW YORK.
For Week.
prv goods
Gen’lmer’dise..
Total
Since Jan. 1,
£ry goods
Gen’lmer’dise..
1880.
1881.
$1,620,923
$1,279,386
6,520,033
7,365,273
$1,642,999
8.221,613
$1,735,191
7,137,085
$8,140,956
$8,644,659
$9,864,612
$8,922,276
1879.
$81,829,534 $110,437,115
203,337,888
312,193,977
1882.
$99,695,332 $117,977,379
283,307,098 317,561,673
Total 45 weeks $285,167,422 $422,631,092 $383,002,430 $435,539,052
,In our report of the dry goods trade will be found the imports
of dry goods for one week later.
The following is a statement of the exports (exclusive of
8Pec*e) from the port of New York to foreign ports for the
week ending November 14 and from
January 1 to date:
$15,000 Williamsb’g G.-L. Co.
1st mort. 6s, due 1900
98%
Empire City Fire Ins
85% $10,o00 Dec. & E. St. Louis
RR. 1st mort. 7s, due \S9.101%
Williamsburg G.-L. Co... 50%
Market Nat. Bk
142
$1,750 Dee.& E. St. Louis RR.
Continental Nat. Bk
110
6s. funded scrip
87
Metropolitan Nat. Bk.. .168% $13 500 N. Y. City County
Long Island Bk.. 110%@112% u' Court-House 6s, reg., due
1885
N. Y Prov & Boat. RR
150
10558 & int.
214% $22,OoO N.Y. Chic. & St. Louis
Brooklyn rity RR
Hanover Fire Ins. Co
137
IVway 7s. roll’g st’k certs,
dated April 1, ’82; coups.
Exchange Fire Ins. Co... 93
Hamilton Fire Ins. Co... 116
April 1, ’83 attached; due
Oct. 1, 1885, to Oct, 1,
Home Ins. Co. 144%®145®116
95 3*® 97
1*94
Y.
N.
Historical Society
$1,000 City of N.Y. 6s, consol.
(Publication Fd.), with
.
8 vols. Historical Pubs.
1 Clinton Hall Assoc’n
BANKING
stock, due 1901
$16
45
125% & int.
$500 Co. of N. Y. 68, consol.
stock, due 1901
125% <fe int
AND
FINANCIAL.
THE
NEW
YORK
LIFE
INSl RAN4 E
COMPANY.
$15,000,000.
The bonds described above are those last dated and numbered, as
required by Section 3 of the Act of July 14, 1870, and those embraced
in the highest numbers in the several denominations, as given above,
are the bonds which have been issued on transfers since tho one hundred
and eighteenth call was issued.
Many of the bonds originally included
in the above numbers have been transferred or exchanged and can¬
imports
Bonds.
Shares.
Mech. & Traders’ Fire ...125
Mercantile Mut. Ins.$l per sh.
B2,248, both inclusive.
Total
The total
120
30
5
300
55
12
18
44
39
140
92
15
68
68
1
dispatch, dated Albany, N. Y., 13th
inst., stated that the Attorney-General of New York had ap¬
plied for a Receiver for the celebrated New York Life In*
snrance Company.
The assertion was so absurd upon its very
face as to probably have deceived but few people, for the com
pany in question is one of the bulwarks of American life
An Associated Press
insurance.
following official certificates show that the press agent
name of the New York Life with that of the
Western New York Life of Batavia, N. Y., a minor organiza¬
The
confused the
tion
:
[Copy.]
State of New York, Insurance
Department, }
Albany, Nov, 16, 18s2.
The assets of
its last report to
f
the New York Life Insurance Company, as shown by
this department, are $47,044,269 28, and its
liabilities
$37,259,351 37, leaving a surplus of $9,784,917 91.
I do not hesitate to say that in my judgment it is one of the soundest
and most reliable life companies in the world. The report prejudicial
to its reputation arose entirely from a thoughtless or ignorant con¬
founding of names on the part of some person sending a telegraph
dispatch to the Associated Press. The dispatch referred to the Western
New York Life, located at Batavia, N- Y.
It seems just and fair, under the circumstances, that this statement
should be voluntarily and promptly made by this department.
are
(Signed)
CHARLES G. FAIRMAN, Sup’t.
entirely in the foregoing. No proceedings against the New
;Life insurance Company have been commenced by me or ever
I concur
York
contemplated
or
suggested to me.
(Signed)
Albany, Nov. 16,1882.
LESLIE W. RUSSELL,
Attorney-General.
THE CHRONICLE!
568
ABSTRACT FROM REPORTS OF THE NATIONAL BANKS MADE TO THE COMPTROLLER,
•h $
I)t’pQS its.
•O
Oct.
s §
3, 1882.
Capital.
s-a
Loans and
disco units.
Surplus.
Maine.—
New
Hampshire
Boston
Massachusetts, other...
Rhode Island
Connecticut
Total Division No. 1..
New York
Albany
New
New
York, other
Jersey
Philadelphia
Pittsburg
Pennsylvania, other
Total Division No. 2..
and
JSilcer.
U.
8,
certificates
0/ deposit.
\\
$10,333,000
$2,594,844
6,080,000
$10,433,752
$116,863
1,102,631
4,569,085
290,242
7,786,000
50,450,000
45,402,500
20,315,050
1 —<>{? <)5ft
5,955,461
11,431,306
68,064,218
13.520,116
45,733.175
23,498
53,873
301,089
3,960,822
11,160.515
122,062
30,078,658
1,469,00:1
262,567
25,556,820
6,789,136
24,933,405
209,745
43,468,889
1,087,845
155,490
55«i $165,925,370
$41,195,873
$171,719,611
$1,117,352
$307,935,207
$10,11(1,577
$875,784
$51,650; 000 “'$21,314,109
$325,263,904
$552,479
$239,150,374
8,78(>,45;>
87,441,955
31,481,551
64,282,838
25,947,840
61,215,216
$43,004,181 $1,519,703 $18,926,390
521,968
22,883
698j631
2/326,690
484,257
3,544,161
759,134
253.485
1,757408
0,666,862
490,324
4,947,732
1,587,680
172,056
2,091,967
3,171,192
774,184
2,772,096
$521,306,229
$58,037,007 $3,756,892 $34,738,385
71
49
49
63
191
G2
80
50
7
251
60
32
23
198
City
Legal lender
Gold.
-
Other.
liidicidaat.
OCT. 8, 1882.
027
1,800,000
34,130,56:
12,375,350
17,358,000
10,029,495
30,064,556
1,409,000
8,351,027
3,622,908
8,456,403
3,166,772
8,109,518
22,395,910
61,244,092
250,546
211,691
333,690
$157,407,968
$54,421,337
$587,031,262
$2,207,737
6,890,888
59,756
77,774,932
28,606,052
64,850,484
572,822
$18,937,909
8,137,142
12,1 86, /7n
11
$489,956
i;u3;n9
83,712,475
196,750
$46,635
_
161,601
$254,637
53,075
195,192
43 178
0,450,107
263,316
121,721
232,373
3,202.655
253,124
60,966
8
1,670,277
450,284
901,792
$0,839/739
•
“
Delaware
Baltimore
14
Columbia, other
Virginia
West Virginia
21
IS
$1,74 3,985
11,490,33(1
2,431,700
1,125,000
252,000
3.263,060
1.836,000
Total Division No. 3..
98
$22,142,075
In
13
12
2
9
1
$2,50i7600
75,(‘00
85
2.504,996
2,751.995
400,979
1,646,975
107,934
7
1
2,375,000
985,000
8,010,003
474,581
6 i ,000
f. 61,842
5,4s7,0t>3
17
22
5
Maryland, other
Washington
Dist.of
1
e
North Carolina
fiouth Carolina
Georgia
Florida
Alabama
Mississippi
New Orleans, La
Louisiana, other
Texas
Arkansas
Louisville
$542,797
2,613,424
$5,715,877
731,018
'
3,715,300*
1,4-10,056
695,326
169
$28,666,650
$6,229,354
$8,1 OO.OOV
4,200,000
20,301,000
Chicago
11
0
169
91
10
Illinois, other
138
11,939, (00
2,650,000
8,205,000
Kentucky, other
Tennessee
52/205
10,711
456,102
485,438
169,785
206,798
27,283
$44,096,480
$612,364
$51,703,599
$2,533,514
$469,259
$3,680,184
$2,839,789
$190,840
$139,035
$87,393
165,909
$4,738,012
4,306,292
4,711,006
291,726
2,531.710
132,245
8,728,134
100,084
5,601,882
577,741
6,859,101
113,523
204,835
12,145
G1,193
63,509
$2227*133
12,731,542
8,434,523
312,689
'
82,609
32,817
42,646
1,910,000
305,000.
3,151,500.
8,269,85(1*
1,752',395
10,293,480
2,583,944
100,000
21
2
8
49
29
“$1917591
349,628
10,444,317
3,486,418
711,633
10,742
283,100
1,468,000
44,720
48,152
133.-*813
1,850,621
544,973
100.000
$34,765
272
$174,956
697,693
1.885,000
2,231,000
$126/27*2
1,338,769
220,765
103,267
230,915
60,000
1,070,000
467,723
:
$1,002,965
26,311,022
5,264,028
$42,223
113,767
$4,121,901
1«,444,730
5,550,548
2,390,238
8,471,830
7,590,120
309,712
74,207
575,052
195,593
273,303
$13,111,139
$1,900,072
$59,747,034
$735,000
$19,923,286
472,517
3,034,281
.
359,821
423,106
100,000
629,172
224,099
149,374
269,291
113,330
12,032
49,507
15,111
205,696
15,973
20,316
362,162
1.043
227,0)7
43,000
.202,579
1
9,602
814,274
,
4,333
268.470
19,1 10
507,720
327,795
531,559
51,707
79,192
135,758
379,510
428,835
$2,3S 1,118
$1,116,818
$3,401,976
$416,563
344,226
2,480,392
3,417,681
5,782/297
2/223,672
$16,907
$2,824,249
28,320
366,951
43,230
'
Total Division No. 4..
__
Cincinnati....
Cleveland
Ohio, other
Indiana
Detroit
5
Michigan, other
80
Milwauxee
13,323,500
7,050,000
35,602,856
-
582,000
2,014,637
31,160,176
7,519,382
18,719.492
4,001,236
9,723,179
$7,135,Oe 6
$1 ,(532,169
1,172,103
531,196
$118,912
449,756
$183,924
$1,341,964
390,119
92,913
cl
r 79
r.^77
4 4 yZ> 4 Z*
15,734
1,025,558
1,168,850
205,517
164/240
36,616
3’
311,746
336,482
$17,799,343
17,907,894
8,837,857
4,052,979
3,479,713
6,774.674
$895,609
43.647
458,864
323,000
$a6,169,005
14,045,218
5,456,16(>
4,151,973
4,210,787
6,113,052
365,861
73,171
340,522
5.920,000
2,950,000
.
$21,085,050
$4,415,247
$50,146,261
$1,387,720
$58,852,460
$2,598,918
$446,035
$4,651,300
19
1
1
10
2
$1,440,000
$504,OUO
13,958
194,347
$10,3^8,395
$175/265
$6,88S,30 4
205,476
3,065,421
$408^542
$93,201
1,300,060
300,000
*2,199
18,490
324,843
52,000
5,484,887
2,193,894
514.602
1,724,262
33,142
734,700
900,122
397,502
$857^593
1,500,000
33
$5,115,000
$5,149,148
$20,127,885
$689,867
$16,508/246
$2,474,008
1
$100,000
17
$
139,365
$211,174
1,065,000
1
2,945,366
$15,653
41,085
100,00a
20,000
274,320
7
6
3
2
1
655,000
500,000
350,000
200,000
425,000
73,500
137,890
125,000
31,750
78,000
3,039,674
1(30,892
1,181,587
1,087,870
581,472
1,181,514
163,075
85,576
$114,198
.2,517,462
132,034
2,790,832
1,044,376
648,605
756/257
990,507
$40,153
137,121
7,180
101,522
87,453
224,001
50,747
81,351
$10,505,977
$516,060
$8,994/271
$729,528
425,819
280,660
1,335,000
1,715,050
75,000
Total Division No. 8..
41
$3,395,000
$605,505
Total for United fitates. 2,269 $483,104,213 $13
r,977,451
.
•
.
STATEMENT
OF
THE
162,029
1,918,680
BANKS
0
6
1
$
Mil's.
Mil’s.
Ill 41 239*15
>.
s
e
0
<0
Mil’s.
22*10
4-37
1269
22*35
1067
43-00
8*79
1*72
•22
*14
2*52
*33
*52
1 *5‘2
‘02
16-96
176
1*68
11*15 17-1-93
*22
*08
*26
*48
*08
*17
34*36
*23
2-87
18-38
322
-6-45
•9(}
2*71
•50
1-56
*85
1*97
1*58
4-57
0
.
S
-
*2
i 9,77 9
i;
*
i%
•-3
.2
s
1-
>•»
$3,882
1.7,797
2,224
$24,500
.
•
2-87
•67
110/
2-08
•53
1*41
1 7
2 09
*50
1*87
*36
•58
•
1 Q
1*15
•35
1-9)
•60
*31
"35
•a*\
54
0
-»«*>
S'
.
»
.
s:
.
•
■
C
Si
.
£
0
#cf
•43
•05
OH
•82
*17
1-06
*03
•ii
*13
•11
4-61
15-7/
.
35,924
12,021
72,881
$762,892
•
V
-n©
A
•<*
0
•S
Q O
t
.
►I-
*s-
■to ’
•
S-s
§•2
•*0
.
V
c-q
•
■
$73-,7-89
•
.
Mil’s.
1011
13-2
25-7
82-4
21*2
69-6
*
•
;
6,187
2,904
3,620
5
(1Q
37,855
264,500
69,672
19,181
17,994
’
•
245,539
•
•33
•08
*02
*13
•20
1*39
*21
•34
1*43
•25
•58
AM
1*19
•25
■
•22
-021
•os
•30
•
1 Ci
•1
•)
.1 z
2*57
•7S
3 54
•97
•03
•77
•17
*11
•
AQ
•
O
•AO
AO
v)Z
Ua,
•33
*02
•16
1-17
•20
"55
•10
•06
•03
•09
•02
•04
•38
•02
•01
O
Total Other Cit■es.
'el«
Mil’s.
055.4
256-5
1,243-2
•
(\.f)
,0
O
28-3
14T
•9
•6
11-9
18-7
350
7-0
207-5
8-1
5-2
9-8
.
MU’s..
357-6
374
66*2
24-240‘5
1165
25-3
25-0
•
12*75 36 04 17-33 68-34 14 99 7*50 15*14 4-81 1,176-9 1,222-9
'
qS'/J
Em
1989
4G-5
9L0
S‘3
63-3
21-1
203-4
.8-7
17*1
28‘5
2,399-8
?
i
Undivided profits
$884,179
•
$94,587,6*28 $87270,151 $71,956,267
'7
Surplus fund
Totals
$190,333
•
Mil’s. Mil’s. Mil’s. Mil’s Mil’s. Mil’s. Mil’s. Mil’s. Mil’s. Mil’s. Ml’s Mil’s. Ml’s
ft-QJ. M HR
64 28 2595 °6"31 1*85
8f73 6*86 19-9° l0*29 4Q-04 r.-v?
10-65
7-31 7-54
•73
•71
2*4$ 2-93 5-33 1*90 */83 1-3 3 •60
*6t)
-60
*60 -■
•30
•16
•68
1-33
•56
•55
2-68
•59
•33
•81
•10
516
•09
•05
•66
•53 1-47
•07
•25
•25
•55
10-43 3-63 3*22
•84
•92 3*83 1-34 8-97 201 1-27 187 •26
*55
2-60
1-50
*69
*43
•13
*27
•27
•42
•09
•08
*3i
•2Q
667 1-59 134
*10
•36
*37
•45
•35
•74
5-78
*88 •39
•58
19571 557*54.15-55 119-53 46*96 41-32
Capital stock
Other liabilities
$1,243,203,220
:
18,677
“i
I
LialUiiics.
Circulation
Due to depositors
Due to banks
•
.T
J« *
.
£
in,
,
5,542
1,052
9,402
16,102
57,766
Of THE .RESERVE, CITIES, AND TOTALS.
-
S
4,624,783
$1,122,472,68^ $12,445,253
NATIONAL
e
Totals
140,824
$15,716,958 $1,341,241 $16,997,612
189
Wyoming
Other resources
9,420,341
2,030,000
Wakttfngton Territory..
Clearing Ilouseexck’s..
464,983
66,000
20
20
20
Utah
U. 8. certiiic’s of deposit
Due from U.8. Tr’surer.
447,459
"88]
'
Legal tender notes
331,099
73,891
$218,155,514
Dakota
National bank notes..,.
28,620
586,980
$4,014,086
Ari*iona
Due from banks
Real estate
Gold
Cilver
393.180
771,176
915,352
$195,401,068
Total Division No. 7..
stocks, bonds, &c
876/206
1,165,761
$18,245,110
California, other
Oregon
Resources.
•
219,672
121,198
170/263
$79,367,100
Colorado
Nevada
8aa Francisco
Loans
Bonds for circulation...
Other U. 8. bonds
101,987
554
Nebraska
Reserve
Cities, <kc.
29,248
1,209,000
2,845,916
2,160,251
3,539,500
1,953,610
245,000
081,177
o
for
475,450
33,173
234,599
22*2,921
650,0(10
Missouri, other
Kansas.!
Totals
720,125
•
2.935,000
33
Idaho
Mato tan a
3,936,689
3,297,773
2,052,500
3,793,784
10/289,970
44,2-9,615
27,585,400
40,035,632
33,082,137
8,566,566
21,258,582
3,763,986
373,809
402,329
6*3,311
63,831
3
Iowa
Minnesota
8t. Louis
Total Division No. G..
$13,969,642
7,912,932
38,822,300
21,942,872
,
710,000
38
Wisconsin, other
Total Division No. 5..
$931,500
.
50*45 51-65
11*43 21*31
304
13*97
30*44
19*32
63*72 325 82
30*12 125*24
1*51
•23
1*90
1-40
*29
1*54
695
3*56
*01
17*36 1003 11*49 112
8 46 3 17 2 Mil
•23
2-30
*73
1-37
•10
9-33 6*38 6‘73
•62
65*10 22*64 18*56 2*39
16’94 3-82 3-49
•15
04
•19
•07
2-88
•98
•39
•2-16
8*0J
1*28
•07
3-15
'56
•36
s-:o
•93
•67
2*63 4-64
3-61 14-70
2*4 3 6*44
01
•06
4-20 705
•71
2 05
•51
103
1*32
*54
8-32 35-67
1-40 21-97
*87
*03
2T,5
•65
•24
*58
•18
•43
1-12 *54
8-00 4-47
0.1 0 1*20
,09 •22
*50
•62
•11
•26
5-60 1-95
•80
4*48
*41
1
;
433*1
306-1
‘76-5j
35*2
226-8
311-9
600-5
534-4
1,134*9
225-5
.34*5
94
13 7
1770
55 '5
260
88-1
2-95 1-50
•IP
•58
4*3
195-71 557*54 15*55 119*53 4696 44*32 4*6! 15-77 12*75 36 04
17*33- 68-34 14*99 7*50 1514 4-81 1.1769
.
1320
,
6lT
2C00
1,222-9 2,399-8
November
~
THE
18, 1882. J
CHRONICLE.
The Bank of
'4P*e jgfoixhers* (Sit^ettc.
——
D
-Thefallowing
fv
in
dividends have recently Keen annoiinwd:
Name of Company.
When
francs gold
on
Thursday showed
a
gain of £5l;0fH>
reserve to
liabil¬
jnd 4,230,2-50 francs silver
Books Closed.
Payable.
England
specie for the week, and the percentage of
ities was 3| 13-16, against 87% last week: the discount rate
remains at !|5 per cent. j The Bank'! of France lost 965,000
I DEN os:
Per
cent.
569
Exchange!—The foreign, exchange market
(Days inclusive.)
was dull, heavy
change until Wednesday, when the rates were
Railroads.
reduced to 4; 81 for, 60 days, and 4 85 for sight, mainly in con- ;
3
Nov.
15 Nov.
7 to
33^
Eosfon Concord & Montreal, pref.
Nov.
1 to ;
16 Nov.
sequence of jjtho limited demand and a little better supply of
Catawlssa, pref.
' *12 *' Dec.
J Nov. 20
to Nov. 30'
bankers’ bills. To-day the actual bites for bankers’
rsn.Saml. a Cleveland.....
12
prime
Nov.
15
l?i
He! & Hound Brook (qtiar.)
sterling 60-day bills were! 4 80($4 80"and ;4 84@4 84J4 for de»
Dec.
1
to
Nov.
16
$1
75
—i;
Iowa Falla ^ Sioux City........-.
1 :,4
Nov. 35 Nov. 16 to Nov. 19
mand, with 'cable transfers 4 83(9)1 85t£. The actual rates for
Nortli Pennsylvania (quar.)
Continental bills are as follows: Francs, 5 23%@3 20%; Marks,
-'Miscellaneous.
.Trui.
Dec. 10 to Jan. 2,
$3
imftrieaDjgxpreas
94*4($94%, and 95%(&95% ; and Guilders'. 3Jvfc$39 11-16 and
*2 per cent in casli and 10 in stock.
39% @40.
:
|
•>
,J
NEW YORK, FRIDAY, NOV. 17, '1SS2-5 I*. .11.
Quotations for foreign exchange ar0 as follows, the highest.
The Money Market and Financial Situation.—Following- prices being The posted rajtes of leading bankers:
and without-
»
o
closely upon the order of the Secretary of the Treasury, direct¬
payment without rebate of any called bonds, carnet
Nov. 17.
Demand.
Sixty Vayit.
a call on Saturday for the redemption of $15,000,(XX) extended'
5 per cents, which will mature February 10, 1883.
This indi¬ Prime banker^’ slerliug bills fm Loudon 1 80 d>4 811 4* 4 TV4 85 1
4 70
.L
4 83
cates a purpose to adhere to the policy of calling bonds in; Prime commercial
'a)A 79%
@4 M3%
4 82
4 78%a4 71)
4 83
about equal amounts each month, with the object, as far as Documentary commercial ..T
Paris (francs).
5 25
5 2m®5 i8%
22%
possible, of preventing an accumulation of surplus in the> Amsterdam (guilders)
39eg*' 39?8
39% >i> 4oj4
95 % (t>
Treasury. Inasmuch as the order for the payment of bonds' Frankfort or ijremon (reiobrqarksL.w...
94q a j 94^8
95 %
without rebate still remains in force, holders of the securities
embraced within the last call can have them cashed at the
United States Bond$4—'The reports regarding iho sale of
Sub-Treasury in this city on presentation.
4 per cents by Mr. VandeHnit at once checked the investment,
The report current last week that Mr. William IT. Vanderbilt demand for
these securities, and quotationsfell off in the mar¬
had sold $10,000,000 of his 4 per -cent government bonds ket. On
Wednesday, however, dealers reported a renewal of
appears, so far as can be ascertained, to be an exaggeration. It the inquiry and orders Came in from banks, insurance com- :
is known that he has borrowed about $3,000,000 from some of;
panies and individual investors, who are usually buying at this
the savings banks of this city on four months’ time at 4 per season-of the
year, in subh volume that there was a strong
cent, giving that amount of 4 per cent bonds as collateral. In recovery in quotations, t.
'
:
addition to this ho may have sold perhaps $8,000,000 in this
The closing prices at tbie N. Y. Board have been as follows:
market; but bankers who are in a position to be well informed
do not believe that any larger amount has been disposed of,
ing the
o
■
for the reason that the market has been in no condition to take
r-
Interest
Periods.
any very heavy block, the demand not being urgent.
Early
in the week it was reported that a loan had been negotiated in
•
i
Nov.
Nov.
11.
13
Nov.
14.
Nov.
15.
No).
16.
Nov,
17.
*101 k; *101%
5s, continued at 3*2.. Q.-Febl *101 >3 MOlia *101 q *101
1 11 7fl 112
1 11
reg. q.-Mur.
by a leading banking-house 4*£B, 1891
*112% 1:2%
^3
1 1 2 7« *112 7g 1 1 2 % *113
all
coup.
113% *! 13%
4 per cent bonds as col¬ 4^8,1891
119
4s, 1907
reg. Q.-Janj *119q
11914 *119% *119%
lateral, but careful inquiry failed to confirm this rumor, and it 4s, 1907
3 1914
119 : 1
119 ‘4
oowp. Q.-.ThiiJ
1194 119%
is probable that it has no foundation. Speculators for a rise 3.s, option U. 8-. ..reg. Q.-Fel»j, '102% 102% lOJJs 102ie 1024 102
M2SJ
i 29 !
129
M29
129
in stocks were, of course, ready to credit the report of these 6s, cur’cy, 1895..reg. .). <fe Jl *129
*130
*130
*130
1 30
*130
*130
transactions for Mr. Vanderbilt, for they fitted very well with 6s,cur’cy, 3 896..reg. J. & Jl *130
*i3o ; *130 ; *130
*130
*130 •
6e, cur’cy, 1897.. reg. J. & Jl
the theory that he was making active preparations to sustain 6s, cur’cy, 1898.. reg. j. &
4 "DO *130 *130 ! *130 *130 ’ *130
his specialties. But considering the fact, now pretty well es¬ 6s, cur’cy. 1899..reg; j. &
jj. *130 *130 | *130 • *130 *T30 *130 *
tablished, that the “Nickel Plate” road has been bought in liis:
l
Tliis is the price bid at the moraine: board; no sale was made.
interest, it is more reasonable to suppose that the bond trans¬
actions above noted have been for the purpose of providing
State and Railroad
bonds appear to be
the cash with which to meet current payments on this pur-:
recovering
from tho decline resulting from the election,
chase.
The conference of the Executive Committee of the trunk although the transactions) in them hajve bqen small. A good ^
business has been do:ie| in railroad jbondi, and generally* at-•
lines has resulted in an order to advance rates on ea&trbound
;
;
business to the basis of 30 cents per 100 pounds on and after: advancing figures.
i
December 1st. This conference has been in session in this
Railroad ^nd Miscellaneous Stocks.—The report concern¬
city since Tuesday, and it is understood that the business trans-l ing Mr. Vanderbilt’s bond negotiation land jbo statement that
acted has been mainly matters of detail respecting the
opera-- a lease by thfe Michigan Central of the Canada Southern had,
tions of roads in the pool.
;
• been agreed upon, together with a marked advance in some ofThe agreement by the Michigan Central to lease the Canada' the South
westerns, indicating inside support, made the market
Southern for a term of twenty odd .years is reported to have:
generally strong on Monday; and rumors concerning* Wefct^
been signed to-day by the executive officers, and it now
; interpreted i favorably,
aided* in imparting a ’
only; ern
requires ratification by the stockholders of the Canada South-; somewhat buoyant tonb on • Tuesddy.
Hu the afternoon!;
ern at the
meeting on November 30th. The terms of the lease- of that day! however, n^ws of the fate War in the North-*,
are understood to be a
guaranty by The Michigan; Central of west between tho lines in the Sti. Paul pool and />the*
the fixed charges of the Canada Southern, which how amount Rock
Islanq served to; unsettle the inixket, and it wae;
to about $700,000, but which it is understood will be increased
generally lie^vy from thifc cause on Wedn fcday. It was also
about $300,000 by the issue of bonds for a cut-off and a bridge affected in the afternoon 6f that
day by rumors that a demand
to bring the road
directly into Buffalo. Until these fixed had been made by the )‘Nickel Plate” fqr a portion of’the
charges are provided for, no dividends will be paid to either business allotted to the trunk line pool roads.. Speculators-Torcompany. The net earnings are to be divided on the basis of a decline took advantage bf these reports and also of an appar¬
the business done
by each, and as after January 1st the Canada ent indisposition on the part of the leaders to sustain the
Southern will get the whole of the east-bound traffic of the market, and indulged in vigorous faids, which were
chiefly
Michigan Central, instead of its being divided as now between, directed against the Vanderbilt specialties and the North west¬
this road and the Grand Trunk and Great'
Western,; it is! erns and Rook Island, and the market was unsettled atthp,
claimed that the lease will be very advantageous tb the
Stock¬ close of the; day. On- Thursday Jthe t|)n0 was irregular
holders.
!
1 and generally hedvy un(il thq afterjuoon, when there was a
The money market has been ;
comparatively easy during thej steady improvement, and the market, closed strong, the move¬
week and in a normal, condition. This has been
partly erne to; ments iri t he late ttfade indicating a covering of short fcohtracta.
the borrowing : demand for some of thO
leading stocks, and On; Fricfay morniflg the report that the Union Pacific had«
also to the absence :of
manipulation. • Government .bond- placed it)3 $5,000,000 collateral: trust j loan, partly in this ‘city •
dealers have been supplied at about 4
peri cent and prime !com- andjpartjly in! Boston, served to steady tl&t stock, but sdoi*
mercial paper is 6#7.
af tqr the opening a; raid was made upon Laickawanna and the
j
The New York
City Clearing-House banks in their statement; granger ^properties, which temporarily unsettled the market.
£
Nov. 11 showed a deficiency in their legal reserve of' This waf followed by a recovery led by Northern Pacific pre¬
$3,024,950 against a deficiency of $14,325 on Nov. 4, being a; ferred, the movement in this; stock being stimulated by* »■
decrease for the week of $3,010,625;
i
;
:
; report that the company have sold to a syndicate about *
!
The following table shows
the Changes from the previous $10j000,600 worth of land: Toward noon Denver & Rio Grande
week and a
was shaTply attacked and the tone waS > feverish ulitjl.thg
comparison with the two preceding years:
afternodn call, when there was a gradual re-action, and the
1882.
1880.
: market was strong for the remainder of the day, with the
1881.
Differ'nee s fr’tn
Nov. 11.
No v. 12.
previous xvtek.
; Nov. 13.
;
exception that about two o’clock Central New Jersey and
London for- Mr. Vanderbilt
for about $10,000,000, with
*
'
*
*
*
■
*
*
*
*
.
:
!
,
*
i
•
4
Jsojid.s.—State
..
.
*
;
.
.
.
.
•
Loans and die. $315,454,200
Bpeoie
Circulation!’.’
Net deposits.
wgal tenders.
Legal reserve.
Reserve held.
Surplus.
Dec. $2,134.000 $313,123,800 $324,970,000
48,823,500 Dec. 3,203.400
60,788,900
64,955,400
18,663.200 Inc.
32.900
20,043, lot/ ; 18,703.700
283.206.200 Dec. 5,242.300 200,677,300 •307,703,200
18,863,100 Dec. 1,117,800
14,853,000 ; 12,474.900
$70,801,550 Dec.$l.310,575 $72,669,325 $76,927,050
67,776.600 Dec. 4.321,200
75,611;,9w0 ; 77,430,30(i
.
df$3,024,950!Dec. $3,010.625
$2,671,575
$503,250
Delaware Lackawanna & Western
The
announcqment that
were
forced downward,.
the trunk-line pool had agreed
upon •
advahee in rates on east-bound business to the basis of 30
cents pdr 100 pounds on grain, to take .Effect December T,
served t6 steady the trunk-line roads, and the proposed suit by»< :
an
;he;Attdrney-(feneral against
stock of that company
Western Union,
tlie Mutual Union depressed‘the
while it aided in strengtliening
*
•
670
THE CHRONICLE.
IVOL. XXiV.
RANGE IN PRICES AT THE N. Y. STOCK ESCHANGE FOR THE WEEK. AND
3CN0S JAN. 1, 18S2
DAILY
HIGHEST
AND
LOWEST
PRICES.
Saturday,
Monday,
Nov. 11.
Tuesday,
Nov. 13.
Wednesday, Thursday,
Nov. 14.
Nov. 15.
the
Friday.
Nov. 16.
Week,
Shares.
Nov. 17.
For Fnu
year 1881.
Range Since Jan. 1, 1882.
Sales of
STOCKS.
Lowest.
Highest.
LOW.
HA ll.irOADft.
Allegany Central
Santa Fe..
Line, pref.
Burlington Cedar Rap. A No..
Atcliisoa Topeka A
Boston A N. V. Air
85
*80
09 V
Canada Southern
Cedar Falls A Minnesota
Central Iowa
Central of New Jersey
Central Pacific
73
18
32*4
6938
88 34
-
68 34
70 a4
88*8
89*4
24*2
24 V
3534
lstpref
2d pref
Do
*
71
18
Chesapeake A Ohio
.j)o
81V
71V
85
*26
141
*24
*36
36
29
141
78*4
81
81
717e
727h
Burlington A Quincy.
Chicago Milwaukee A 8t. Paul
Do
pref
Chicago A Northwestern
'
Do
pref..
Chicago Rock I si. A Pacific....
Chicago St.
A New Orleans.
Chicago St. Paul Minn. A Ora.
Do
pret
Cincinnati Sandusky A Clev...
i/uicugo
161
130
162
131
71
70 34
70
89*2
7134
89*2
24 34
90
883b
2434
3634
24
25
37
160
3634
161
12934 130*8
48 V
105*4 107
4634
105
58
82
82
Cleveland Col. Cin. A I ml
Cleveland A Pittsburg guar... *x!3S*4
Columbia A Greenville,pref...
Columbus Chic. A Ind. Central
834
878
Columbus Hocking Val. A Tol.
Delaware Lackawanna A West. iso3e
Denver A Rio Orande
513* 52*4
48
106*8
58
81*2
81*2
8*2
9
84
47;*8 48*4
105*2 106*4
82
82
i’32*V i *31
Dubuque A Sionx City
East Tennessee Va. A Ga
l)o
pref.
Evansville A Terre Haute
Fort Worth A Denver City
9*4
1*3*2 V
9*4
1323b 1333b
51*8 52*8
51*8
523b
88*2
88*2
90*2
90 *2
90
90
10*8
11
1934
H)34
19*2
u
20
107b
19*4
20
'34*' "35”
34*8
3*6
36*4
36*2
19
11*4
....
—
Bay Win. A St. Paul...
Hannibal A St. Joseph
Do
pref....
Houston A Texas Central
Green
*
80*8
*75
148
Lake Erie A Western
Lake Shore
Long Island
.'
Louisville A Nashville
Louisville New Albany A Chic
Manhattan
60
48 *2
61
74
74
51
,
1st
l)t
Do
pref
*85
'common
Manhattan Beach Co
Memphis A Chaueston
50*2
Metropolitan Elevated
micliigan Central
Do
pref..
Missouri Kansas A Texas
Missouri Pacific
19
51
2934
30*8
69
69 *2
3 5 *8
68*4
34 V
103*8 105*8
Nashville Chattanooga A St.L.
New York Central A Hudson
New York chi«. A St. Louis...
.
Do
pref.
New York Elevated
West.
New York Lake Erie A
Do
pref.
New York A New England....
New York NewTia\eiufc Hart.
New York Ontario A Western.
Norfolk A Western*.
Do
pref....
184*2 184*2
27 V 27*8
53 7e
43
pref
Ohio Cent ral
Ohio A Mississippi
184
54
54
4434
Y
91*4
15*8
92*8
36 *9
37
4334
9134
15*8
36*2
15 *9
15
84
Oregon A Trans-Continental..
Panama, Trust Co. certificates
Peoria Decatur A EvansviLle..
Philadelphia A Reading..
Pittsburg Ft. Wayne A Chic...
Rensselaer A Saratoga...
Rich. A Allegh.,sL’ck trust ells.
Richmond A Danville
Richmond A West Point
Rochester A Pittsburg
Rome Watertown A ogdensb.
Bt. Louis Alton A Terre Haute
Do
pref.
St. Louis A San Francisco
Do
pref
8*4
67
.
*2*7*4 **2734
56 V
i*42*'
16
61
30
20*9
2734
78*2
149*2
40
3238
32 V
3234
115*2 116*2
61
61
50*2
76
523b
76
*45
"85
*45
18*8
52
*85
Paul A Duluth
Do
pref
Bt. Paul Minneap. A Manitoba
Texas A Pacific
Toledo Delpbos A Burlington
Union Pacilic
Wabash fet. Louis A Pacuic
Do
pref.
MlSCKLLANKOr*.
American Tel. A Cable Co
Colorado Coal A iron
Delaware A Hudson Canal
Mutual Union Telegraph
57*9
55*4
134
143
17
68
31
82 *9
37
54
★
40
132*2
51*8
483b
*89
10 V
91
1834
11
19*4
82
82
35*2
36
*45
80
*77
148
49
80
80
149*4
39*4 3934
32*2 32 *2
114*2 115*8
60 *2 60*2
50*2 52
77
50
90
50
20
76*4
*45
*85
*45
18*8
*18
*85
90
100
102*2
50
50
28 78 29*2
67
673b
34 7g 3») —4
1047a IO534
104V 1053b
*18*2 20
125 7g 125 7b
53 *2 54
19
19
12534 1257s
54 *4 54*4
130*2 1313b
....
Oregon Railway A Nav. Co
Pacuic Mail
Pullman Palace Car
West. 11 niou Tel., ex-certific’s..
Sutro Tunnel
EXPRESS.
Adams
American
United States
Welle, Fargo A Co
COAL, AND MINING.
105*4
27*2
92 7e
92
2734
54*8
45*8
44
9134
35*9
15*4
15*9
36 *2
36 *9
36 *9
....
27 *8
54 *4
92 V
16
85 *4
37
2734
57*2
134
16
17
64
65
30*2
31
2*2
22
78
*35
*54 *2
*96
*37 *2
*94
37
57
97*2
38*2
95*2
149*4 ISO3,
40*4 413b
33 V
33*8
34*2
59*4
58*4
60*2
68
69*9
38
38
112
112 34
2 5 V 25 7b
153 V 153 *9
112
25
38*9
124 *4 124*4
80*4 81*4
125
137
137
92 *9 94
*66 *9 70
130
130
35*2
38
112*8
26;‘,
*
38**4 39**2
126
80*2
82 •"’a
15
1534
8434
85 *9
28
28 *9
57 V
06 V
63 *9
31
23
6 *2
66*2 66 34
130
132*2
46*4 48 7a
90*2 90*2
*89
90
-92*2
*66
93*2
69
130
*129
20 V
*41*9
*82
36 34
56 *4
96
......
*84*9
27 V
28
56
*132
31
23
V
29
21*9
36
43
84
3 6 a4
56 *4
97
95
41*8
*41
82
37
56
96 34
*37*9
95 *9
4^
57*4
135
63
30
23 *a
9434
43
82
37
56
,
9634
e
ihe
2,328
1,300
253,034
131,461
75
10*8
1034
18*2
18*2
12,440
8,900
35
36*4
36*2
37*8
3,200
49
80
78
80*8
*45
*80
*77
*a
78
147 *8 14734
38*4
38*2
32
32
60 *2
51 7b
77
50
90
50
18
50
90
78
76
*45
*85
*45
18
50
*85
60
51 *8
76 *2
*47
*85
*47
51
28
67
35
66
34=8
*85
750
52 *8
77*2
49*2
27*a
’*27*38
90
100
29*4
67
34*4 35*2
104*2 105
19*2 19*2
184
26*2
54
45
93
15 V
35
54
43*9
91V
15 *8
34 V
.....•
*
54
4434
92 *9
15 *8
34 *4
185
27*8
54
46
94 V
15 V
34*4
32,050
600
2,850
3,700
87,406
Oo,3o0
100
1,038
4,900
32.573
4,755
3,834
8
63,850
450
100
135
4,348
2,990
17,140
92,008
4,935
1,600
*****
’*14**9 ”1*4 V
*8*2 *4
800
3,100
**5*334
49*2
*182
135,475
50
90
50
50 *2
29
67
V
V
60
100*8 101*4
r
104*4 105*4
*18*2 20
300
1,400
8,563
1,971
3,460
102,276
200
100*8 101*4
*28“
83
80
i 14**4 115*’
114*4 115*4
*59
49
52
147*2 148
38
38*2
82 V
*167
27*9 28
27*9
56
55 34
57*9
133
136
83*9
106*9 107*4
3334 o4 -4
41*4
ioiv
59V
106*9
3334
58*9 59*9
68
68 V
3 6 34
08
36
32 V
112
7e 113*8
2534 25 V
‘26
68
36 *9
27
iu3
153
154
156
40*4 40*4
39 *9 39*9
126
12534
*124*9 1 26
82 V 83 V
8134 83
95
*67
130
29*9
2134
87
1*2*32
16,896
2734
3*090
57*4
44,300
25
79
700
136
95
*92*9
69
*66 *9
130
*128
•
■b*r
130
94*9
70
130
62
30*9
28
28
22 *8
29*9
2134
22*4
6,130
2,235
40,250
20
400
40 *9 41*4
83
84
*35
37
*55
56
*95
97
*37
39
96
96
I4y
149 V
39
40 V
7,011
66,070
ib*5*v ib*7*v ibtiv 1*0*7 v
130*345
*36
*55
*96
9434
60 V
3534
**6*1*V *62
37
57
97
_
..
_
148 34 151
39 V 40
V
200
650
1,200
300
200
940
32 V
■33 V
32*9
33
21,800
08*4
59 V
58*4
59*8
85,494
6534
65 V
33
65 V
X0534
35 *9
113
26*4 26 *4
153
153
38 34 3834
*123*9 125
81*9 83
34
113
■
*136
*95
*66
*130
138
96
67
133
*28
35
34*8
111*4 112 V
25
158
39
39
125
125
82 V 83
24
*138
96
*66
*130
17 V
9(5
725
3,600
858
1,900
1,605
364,355
1,000
138
.
70
133
17 L
10
9 *2
43
43
......
14
91
10
65
!
9 *2
43
*19
9*2
43*2
280
9V
43'b
21
43 V
20*2
20*2
;*..
44
900
5U0
*19
20
*18
20
86
Feb. 23
19 V Mar. 9
27*4 Apr. 18
21
Mar. 9
127 *a Mar. 11
68
Mar.
44
Mar.
9
65*3June
7
133
50
6
made at the Board.
t Ex-privilege
J uly 21
37*4 Jau. 4
97 *3 Feb. 20
97*8 July 28
27
July 22
41*3 Sept. 15
29
Sept. 15
145*3 Aug. 16
141
Aug. 9
128 *4 Sept. 9
144 *4 Sept 8
15034 Sept. 12
175
Aug. 16
140*4 Aug. 11
84
Feb.
1
45
69
50
16
90
90
31
45
71ig
40*t
82*.. 112
80 >2 102T-
20*4
32*4
23
127
33 »!
48*4
38V
156
133*2 182**
101*2 1291*
IIO34 140
117
138
131i« 147*9
129
40
33*2
148^
88
51
91
109*«
02
Oct. 19 41*2
6814
92*4 July 24 81 lOlau
140
July 27 127*4 142
82
18 34
1*0*7
95 *«
32 V
*•••••
131
.66
113*4
76 ‘2 88
8
June 12
16
Jau. 14 13
21
15 *3 June 7
26 *3 Jan. 18 23
33
68
May 12 8634 Oct. 13 64
64
34
Nov. 10
42 V Oct. 16
8
Feb. 15
16
Jau. 18
47
Feb.
8 4434 350
Sept. 4 110
75*3 Oct. 16 111*4 Jan. 9 94
121
61
Mar. 11
92*3 July 25 63
106
150
12734.fun. 4
*3 Oct. 18 124
146*9
36
Mar. 8 49*3 Sent, 15
38*2 57 *9
23 *3 June 12
45
J illy 26
32
46*4 Nov. 17
82
Apr. 15
743b Jau. 20
96 *3 Aug. 3
65*4
98
June 6 120*8 Mar. 30 112 ",
135*4
49*3 Feb. 24 65
Sept. 15 44
63
46*3 Nov. 9 10034 Jan. 3 79
110*9
June
57
5
78
Sept. 20 50
117*9
40
Oct. 19
60*8 Feb. 11 15 *4 59*9
Oct. 24
87
98 *3 Jan. 28
Oct. 19
40
06
Aug. 11
Oct.
3 37
17
Mar. 30
18
59*
4434June 7 82*8 Jan. 18 41
93
77
Nov. 9 93
4 77:*4 126
Oct.
77
Apr. 18 105
Sept.23 8434 126*9
41 »4 Mar. 11
58*4 Aug. 15 42
64 7a
19
Mar. 6 3634 Sept. 7 23
30*9
59
Feb. 25 77
Sept. 11 62*2 70 Y
263a Mar. 11 42*3 Aug. 2 34 7s 54
86 V Apr. 21 112*3 Sept. 12 85
114*9
12
June 6
So3, Jau. 21 18*4 39*4
11934 Mar. 13 128 Aug. 14 118
131
48 *4 Nov. 9 87 '3 Jan. 14 63
102
1233a May 1 138 Aug. 4 130*4 155
10*3 May 25 1734 Oct. 27
27
May 27 37 V Aug. 30
100
May 15 109 *3 Jan. 27
33 *4 June 7
4334 Qct. 10
67
Mar. 8 87 34 Sept. 15
49*3 Nov. 16 60 *3 Sept. 8
168
Feb. 17 185
20*3June 9 317a
16
Oct. 31
24
44*4 Mar. 8 60
28 34 Mar. 9 54 V
6634 Feb. 23 100 V
11 VIuue 7
25 V
27
Feb. 23 42
112
9
9034 Mar.
12
Jime 3 23 *3
60
J an. 30 98a4
165
J uly 28 204
25
J uue 9
3934
51 *3 Mar. 11
67 *3
June
27
130
139
131 *3 July 20 143*4
16
May 25 40
57
Oct. 13 250
28
Nov. 17 263
1934 Nov. 10
20
J an.
20 *3 Mar.
55
Apr.
3
43
8
8
20
3334 June 13
Mar.
7934 Feb 24
26
68
Nov.
96
3934
80*2
60
130*9
52 7b
96*9
84*9
9 164*4 190
July 28
Feb. 27
Sept. 12
Sept. 13
Sept. 14
Jan. 14
J uly 18
Aug. 4
Jan. 1G
Sept.25
May 9
J uly 26
Jan.
Sept.
Nov.
25 V
43*9
23 *2
26*t
53
32 34
64 *e
21
35
70
51
88*9
27*4
57*4
37 7,
60
9734 126
18
37*9
83
64
200
190
50
127
74 V
142
130
146
80
Jan.
35
Feb.
99*2 171
Feb. 15 122
174*9
50
36*3 Mar. 22 22
40
50*9
July 25 22
50
77*9
Sept. 14 39
92
Jan. 16 85
143*4
55
467a Jau. 25 39
81*4
66*3 Jan. 26 55
106 *3 Jau. 17
116*9
90
39
42*9
July 18 26
Fob. 15
Jau. 19
96
89**
Sept. 21 70
108*3 Jan. 26 166*3 Sept. 12 88*2 113*4
34;*a Mar. 9 55
July 28 41*2 73V
38
10*4 Nov. 9 19
July 21 15
104 V G**t.
5 11934 Jau. 16 105 *2 131*4
60
39
23V June 10
7g Aug. 2 33*4
457aJune
65
33
20
128
9
Nov.
Nov.
37
Apr.
June
May
90
*>5
125
Feb.
Oct.
Feb.
1*8June
1*4June
May
240
8
40
4*2
18
*3
4
*4
145
Jau. 18 120
93 3y Sept. 15 77
1
Jau.
3
151
94
149*2 Jan. 10 120
97*2 Feb. 25 62«a
80*4 Jan. 26 51*2
153
132
8
6
2
Oct. 12
2
Ang. 12
Nov.
96*4
Sept.29
36 78
1934
2 *4
2 *2
26
8
Jan. 17
13*3 May 20
June 24
2
Jan.
Feb.
Mar.
J an.
Jan.
6
1934 Apr.
37*4 July
1V J au.
634 Feb.
278 Apr.
23
Sept.
4
2*9
Sept. 6 112
Jau. 16
40
Aug.
Jan. 17 245
Jan.
Oct.
3
14*4 Jan.
Oct. 17
62 *4 J an.
Oct.
64*4
67
5378 Mar. 30 35
119 34 Aug. 15 89 V 115*4
30*4 Aug. 17
i*9*o“
163*8 Sept.25 134
62*4
4834 J Uly 11 39
76*8 Mar.
*4 Oct.
134
71''a Jau. 14
74
Oct.
Jan.
117
1
was
30
Jan.
7
Oct. 13 104
Feb.
2
June 7
217e J an. 7
66*3 Nov. 17 68
Oct, 26
11 6*4 Apr. 24 150*4 Sept. 12
2
Mar.
1 *3 Feb.
prices bid and asked—no sale
8
34 *3 Sept. 15
95 *3 Sept. 4
80 *3 Sept. 9
85 *8 Feo.
2
73
Nov. 13
2934 Feb. 23 55 *3 Aug. 30
97 *3 Feb. 24 1143b Ang. 19
13
33
**30*6
”
6434 June 5
300
225
1*6*00
93,
July 19
28
Mar. 14
15 V Jan. 17
270
9*2
43*2
J an.
6
June 10
Feb. 23
Feb. 18
100
......
21
27
Oct. 24
June 10
2,550 IO234 Mar.
1,953
157
Deadwood
mese ar
10
91,000
31,445
1,81)0
1,064
1034
*45 r
13
84 34
60
67
44
15
3,700 tl27 July 5
141,188 104 *-2 Jan. 4
2,230 11834 Apr. 14
36,301 124 Jan. 4
5,125 136
Apr. 10
9,675 125 Va Apr. 18
19
39
149*9 1523,
40
36
Cameron Coal....
Central Arizona Mining
*
100
767
19
29*9
1507s 152*9
....
*9
*41*2
pref
Robinson Mining
Silver did Mining
S ormoni Minimr
1,256
1034
*
*61**'
......
*18
37
Mining
New Central Coal
830
600
54*9
44*9
92 *9
15 V
35 *9
83*9
*9
......
20 7s
37
Pennsylvania Coal
Quicksilver Mining
Mining
Excelsior Mining...
78,580
22,554
......
Mining
Do
24*2
6
77s
67*4 67*4
131*8 13234
47 V 49
17*9
Maryland Coal
Standard Consol.
6
27 V
15*9
*6*4
rxl37 140
Consolidation Coal
Homestake Mining
Little Pittsburg Mining
Mariposa Laud A Mining
Ontario Silver
89
36
26
*
106**8 ib*5V 107"
38*4
88*2
24*2
70*8
...
58V
3‘^ '6
32
54
*53*2 54*2
131
131 78
130 3b 131*8 130*4 131
15 7b 16
16
16
15 7e
1534
155b
16
34
34
31 *2 33
32 34 33*8
3134 32 >2
100
100
*100
105
*100
105
105
TOO
39*8 39 V
38
38 "2
38*4 39 *8
38*8 38 V
81*2 81*2
85
85
82*a 82*2
.
...
88 -*8
32
68 *2
D,
102*2 103*4
50*4 50*4
30
30 *-2
69 *2 69 *2
35 *2 36D
54*9
44 V
82*9
41
70 34
89
95,602
100
200
14234 14234
22*8
54*9
97*9
38*9 38*9
9434 9434
148*9 148*9
24*2 24*2
834
131
50
90
50
52
90
54*4
44 34
***4*i” **44** **41*1-2 *41**2
..
lstpref.
84
T67
27*2
89*2
24 % |
67
*181
15
84*4
69*4
70 3b
35
36*2
35
*2! 35
*26 *2 26 34
*2o34 27*2’ 26
140 *2 140*a *xl35 137*2 T35
137
130 V 12934 130
12934 130
107 V 108 J4 107*4 108*4 106 V 108
123
124*9 123
123*2 122*2 123
138
139 "'a 138*4 139*2
138*8 141
157 *9 160 34 157 *2 1597a 157*2 159*4
128
129
127
12912734 128 *2
*78
82
46 *9 47 V
46 *8 47*8
46*2 47*4
105
105*91 104 V 1053b 105
lOo^
57
57
06 *2 08
57*2 08*2
81 *9 8i v!
81*2 82
80*2 81
T36
138*2 *138*4
••••••
Ohio Southern
Do
82
77*4
149
184
27 *2
pref
Do
68*2
35 3b
105*2
22
126 *«
52*2 55
131 *8 13134 130*4 1S178
15 *2 1534
16
16
32 34 33 *8
33
33*4
105
*100
105
*100
38*2 39
38*2 39*-.
Northern Pacific
l)o
51
104
*18*2 20
125*4 125*4
52 *2 53
*18
125
Morris A Essex
Bt.
50*2
92
102
34*4
487s
*45
50
90
*85
50
*45
*16
50
50
87
87
101 34 10238
50 7a 50 *6
29 *2 30
90
*82
*79
76
78
147*2 148*4
39
39*4
323s 3*2 5a
115*4 116*2
*59*2 61
50
*18
101
51
Milwaukee L. Sli. A West., pref
Minneapolis A St. Louis
Mobile A Ohio
78
148*2
39*2 39 *2
32*4 32*2
115*4 116*8
Illinois Central
Indiana Hloora’u A West., new
69*2
200
52
82
*45
*80
80*8
703b
71*8
__
...
^
HI
69*2
36
160*4 161*4
127 V 13()3g
84
47 V
72
32*4
*25*2 27*2 *26
27
14()78 1407e 141
1413s
130*2 130*2 1303b 1307a 131*4 131*4
109
11034 108*4 109*2 108 V 109*2
125*2 126
123 7a 124*2
1*2434 125
14134 144
14034 142*2 141 *8 142 34
OMoago A Alton
78*4
*76
69*4
200
210
112
High
J
an.
234 Jan.
!*<, Feb.
30
14
1 *2
*4
1734
32*2
240
12
53
1734
25
1
4
18
2
V|
23b
1*9
98
79
142
43
29*4
8*4
8
3 ft
38*9
254
21*4
75*9
27
45*4
7
14
7
35*4
lc78
7
4
THE CHRONICLE.
18,1882. J
UOVHMBEB
571
quotations of state and railroad
bonds and miscellaneous securities.
STATE BONDS.
*cKaT3 *> 5.1906. ..
Class A,
Class B,
3 to 6, small..«
5s
Ask.
Bid.
SECURITIES.
1906
SSSaftJSS?::::::::
1893 1900
&&2S*tS&SS
L.RP.B.&N.O.KR
82
84
102
84
105
84
30
25
25
35
30
30
30
30
15
O.AK.R.RR.
Cent. RR.
Connecticut—6s, 1863-4..
78. Miss.
11
102 *2
105
107
107
113
7s Arkansas
Georgiar-68 188b
7s, new,
7s.
1886.----
endorsed, 188 b
7a. gold,
1890
Louisianar7s,
7s.
Do
Do
Do
„
Do
New York—
do
small
6a, gold, reg., 1887
6s! gold! coup., 1887
6s! loan, 1883
6s! loan! 1891
6s, loan! 1892
14
14
C’mp’nniBe,3-4.5.6a, 1912
Virginia—6s, old
6s, new, 1866
6s, new! 1807
08, consol, bonda
6s, ex-matured coupon.
6s! consol., 2d series
6a, deferred
8
81
78
78
1910
Del. & H.—Continued—
1
Alb. A Susq.—1st, 7s...;
2d, 7s, 1885
j
Prices.)
110*2
105*q
105
126*2
1st,eons.,guar.7s,1906:
Ala.Central—1st, Us, 1918i
100
1911.1
Hartf. A E.—1st, 7s
Guaranteed
Bur.C.Kap. A No.—1st, Gs
Boat.
97*4
11034
49
101*2 102*2
liens. A Sar.—1st, coup. *130
1st, reg., 1921
!*130
Denv.A Rio Or.—1st,1900
1st consol., 7s, 1910 ...;
91
Det. Mae. A Marq.—lst,6s
Land grant, 3*2S, S. A..
E.T.Va. AG.—1st,7s,1900
1st cons., 5s, 1930
Divisional 5s, 1930
Minn.ASt.L.—lst,7s,gu 120
Iowa C. & West.—1 st, < s
Eliz.C.A N.—S.f.,deb.c.6s
C.Rap.Ia.F.AN.—1st,6s, 106
1st, 6s, 1920
1*
1st, 5s, 1921
!
Eliz. Lex. & Big S.—6s...'
Central Iowa—1st, 7s,’99 108
Erie—1st, extended. 7s...I
Char. Col. & Aug.—1st, 7s *105 ! —
2d, extended, 5s, 1919..! 106
Ches.A Ohio— Pur. 111’yfd. *
'115
3d, 7s, 1883.....
1*101*2
104
6s, gold, series A, 1908.,*
87
87*2
4tli, extended, 5s, 1920.
^
6s, gold, series B, 1908.
c,r’
6s| currency, 1918
Mortgage bs, 1911
Chicago A Alton—1st, 7s. |
122
Income 7s, 1883
100 ....
8inking fund, 6s, 1903.1 112 !
La. & Wo. Riv.—1st, 7s.j 113*2 115
Long Dock b’ds, 7s, ’93.'
Buf.N.Y.AE.—1st, 1916/
N. Y.L.E.&W.-N ew2d 6
2d, consol.,fd.cp., 6s...!
Buf.AS.W.—M.Oa, 1908
Ev. A T. H.—1st, cons., 6s { *96
2d, 7s, 1900
..!
St.L. Jack. A Cliic.—1st! 116
1st, guar. (564), 7s,’94'
1
(360), 7s, 1898
!
2d, guar. (188),7s,’98.!
Miss.K.Br’ge—1st,s.f.6s
Fl’t&P.M’rq.—M.6b,1920j
Gal. Har.A S.Ant.—lst,6sj
J
2d consol., main line, 8s 118
127*2 128*4
125
6‘s, reg., 1917
Keo. & Des M.—1st, 5s. 100*2 101*2!
2d, Waco A No.,8s,1915
98
General, 6s, 1921
117*4
Central of N. J.—1st, ’90. 116
1st consol. assented, ’99 108
{102*2
1087a Hous.E.AW. Tex.—1st,7s*
109
Ill.Cent,—Sp.Div.—Cp. 6s
Conv., assented,7s.l902
Middle Div.—Reg., 5s..
Adjustment, 7s, 1903... 1 104 »b 107*2
C.St.L.AN.O.-Ten. l.,7s 109*2
leli.A W.B.—Con.g’d, as
102*2
1st consol., 7s, 1897
111*2
92
90
Am.D’k&Imp.—5s,1921
134
2d, 7s, 1907
!*...... 120
C. M. & St.P.—lst,8s,P.D. 133
gold, 5s, 1951
j 1047«
2d,7 3-10, P. D., 1898... *124
Dub. A S. €.—lHt, 7s,'83 *100
1st, 7s,$g., R. D., 1902. 130
2d Div., 7s, 1894.
1 115
127*2
1st, LaC. I)iv., 7s, 1893. 124
Ced. F. A Minn.—1st, 7s *114 1115
1st, I. AM., 7s, 1897... 124
A
124
Ind.Bl.
W.—lstprf. 7s:
'119
1st, I. & D., 7s, 1899
126
125
1st, 4-5-68, 1909
8934
1st, C. A M., 7s, 1903
•k
78
124
116
Consol. 7s, 1905
2d, 4-5-68, 1909
98
East’n Div.—6s, 1921
101*2
2d, 7s, 1884
Indianap.D.ASpr.—1st,7s * ioi 102
1st,7s, I.AD. Ext.,1908 *123*2
70
S. W. Div., 1st, 6s, 1909. 108 *b 110
2d, 5s, 1911
Int.A Gt.No.—1st,6s,gold 101
94
1st, 5s,LaC.&Dav., 1919
83*2 8334
lst,S.Minn.Div.,6s,19lO 108 1083b
Coupon, 6s, 1909
1 83*2
K
119 I 119
1st, H. & D„ 7s, 1910
entity Cem—M. 6s, 1911
Lake Shore A Mich So.—
Ch. & Pac. Div.,6s,1910
112
Mieh.S. A N.I.—S.fd.,7s 105
92 | 92*2
1st, Chic. A P.W.,5s, 1921
Min’l Pt. Div., 5s, 1910.
89*2' 90*2' Cleve. A Tol.—Sink. fd. G07
New bonds, 7s, 1886.. 105*2'
C.&L.Sup.Div., 5s, 1921
1 111 |
Cleve. P. A Asli.—7s
C. & N’weat—S.fd., 7s, ’85 *106*2
I
Buff. A Erie—New bds. ! 120
Interest bonds, 7s, 1883 100*4 101 *2
Kal. A W. Pigeon—1st. 1 100
Consol, bonds, 7s, 1915. 130 ”'134
1j
Extens’n bonds, 7s, ’85.
'106*2
Det.M.AT.—1st,7s,1906 120
m
Lake
Shore—Div.
bonds
I
12034
107*4
108
1st, 7s, 1885
!
Consol, coup., 1st, 7s. 127
Coupon, gold, 7s, 1902.. 126*2 128
Reg., gold, 7s, 1902
*126*2 127
Consol., leg., 1st, 7s.. 125*2
124
'112
Consol., coup.. 2d, 7s.
Sinking fund, 6s, 1929.
124*2!
Consol., reg., 2d, 7s... 121
Sinking fund, reg
117
Sinking fund, 5s, 1923. ......1 993b Long I si. K.—1st, 78,1898
98
98*2
1st
*»
consol., 5s, 1931
*99*4! 99*2
Sinking fund, reg
Escan’a A L.S.—1st, 6s.
Louisv.A N.—Cous.7s,’98 114*2 115*2
112
I
Des M. A Min’s—1st,7s.
104*21
2d, 7s, gold, 1883
Iowa Midland—1st, 8s. :::::: ii*32
C'ecilian Brch—7s, 1907 *105*2
94
N.O.AMob.—1st,681930 *90
Peninsula—1st,couv. 7s 120 1....
100
95
E. H. A N.—1st,6s, 1919
Chicago A Mil.—1st, 7s 122*2
93
90
Win.A St. P.—1st,7s,’87 .■....'-109
General, 6s, 1930
Peusae’la Div.—6s, 1920
122
2d, 7s, 1907
*90
105
St.
L. Div.—1st, 6s, 1921
'....
Mil.&Mad.—1st,68,1905
*40
2d, 3s, 1980
v.C.C.AInd’s—1st, 7s, s. f. 120*2
120
Consol. 7s, 1914
Nashv. A Dec.—1st. 7s.
*121
j....
C.St.P.M.&O.—Consol.,6s 107*2 107 7b S. A N. Ala.—S.f.,6s,1910
C. St, P.&M.lst,6s,1918
Leban’n-Knox—6s,1931 100
Louisv.C.A L.—6s, 1931 100
Ro.Wi8.-lst, 6s, 1930. 109*2
L.
Erie A W.—1st, 6s,1919
100*2
St.P.&s.C.—lst,6s,1919 110
98
Chic. AE.Ill.—lst,s.f.,cur.
96
::::::
Sandusky Div.—6s,1919
100
Col.A Green.—ist,6s,1916
98
Laf.Bl. A M.—1st, 68,1919
108
2d, 68,1926
82
Louisv.N.Alb.AC.—1st,6s 104
Col H.Val.A Tol.—1st, 5s
Manhat.B’chCo.—17s,1909
Del. L.&W.—7s,
N.Y.AM.B’h—lst,78,’97
conv.,’92
k Mortgage 7s, 1907
1*29*2 Marietta A Cin.—1st, 7s.
1st, sterling
|yr.Bing.AN.Y.-l8t,7s
99 34 100*2
Morris & Essex.—1st,7s 135
140
Metr’p’lit’11 El.—1st, 1908
88
86
2d, 7s, 1891
115
116*2
2d, 6s, 1899
Bonda. 7s, 1900
70
Mex. Cen.—1st, 7s, 1911..
7s of 1871, 1901
125
Mich. Cen.—Con., 78,1902 122
*118^2 121
Consolidated 5s, 1902.. 100
consol., guar., 7s w124*2 126
****•- 105 sb 106
Equipm’t bds., 8s, 1883.
116
6s, 19091
**
1st, ext., *78,1891
*98*4
{115
Coupon, 5s, 1931
Coup 7s, 1894
98*2
113*2 115
Registered, 5s, 1931....
Reg., 7s, 1894
Jack.Lan.A Sag.—6s,’91
115*2'
97
Mil. & No. 1st, tTs, 1910..
Div.,cp.,7s,1917 120 126
Pa. Div., reg., 7s,
1917.
r.
..
.
-
...
..
..
..
......
...
......
.
......
„
......
........
.
Friday
Out 1 ulatest quotations made Uu» w eek.g
53
36
37
37
82
40*4
*****
5934
50 ‘
12 34
60*2
13*2
Danv.—Cout’d—
103
....
116
St. P.Minn. AMan.—1st,7s
2d, 6s, 1909
Dakota Ext.—6a, 1910..
Min’s Uu.—lat,6s,1922.
St, P. A Dul.—1st,5s, 1931
So. Car.
6s
Cairo Div.—5s. 1931
80*2
85
100
10034
117
118
117
12(>7e
116
114
let, Spriuglield Div.. 7a
Ohio Central—1st,6a,1920
lat, Ter’l Tr., 6s, 1920
1st, Min’l Div., 6a, 1921
Ohio So.—lat, 6a, 1921
Oreg’nACal.—lat,6a,1921
Panama—S.f.,aub.6s,1910
Peoria Dec.A Ev.—lat, 6a
Evans.Div.,1st, 6a, 1920
Pac. RRa.—Cen.P.-G.,6si
San Joaquin Branch..
Cal. A Oregon—1st, 6s
State Aid bda., 7a, ’84{
Land gi ant bonda, 6s.
West. Pac.—Bonds, 6s
So. Pac. of Cal.—1st, 6s.
Union Pacific—1st, 6...
Laud grants, 7s, ’87-9
Sinking funds, 8a, ’93
Regiatered 8a, 1893
Collateial trust, 6a...
96
94
93
87
104
104*2
98
114*2 115
107*2'
1105
105
1KQ1
*111
94
94
1st,RioG.Div.,6s,1930
80*2
Pennsylvania RR.—
Pa.Co’a guar. 4 *2S,lst C.
97*2
97
102*2
Wabash—M., 7s, 1909..
Tol. AW.—1st, ext., 7s
1st, St. L. Div., 7s, ’89
2d, ext., 7a, 1893
Equip, b’da, 7s, 1883..
107
75
114
10734
75
iio*4
97*2
119
110
109
111
110
106*4 107
108
100
*98
100*2
95
104*2
T03
65
52*2
56*2
81*2
80*2
82
90
107*2 109
91
......
82 ’
*
an
1
107
100*2'
99*u
50
Consol, conv., 7a, 1907;
Gt. Weat.—1st, 7s, ’88. 105*2
98
2d 7s, 1893..,
97*a
Q. & I\—lat, 7s, 1890.1 "99*2 104
Han. A Naples—1st, 7s
St.L. K.C.AN.—lt.e.7sj
7s! 102*2 i‘0‘5'
*100*-!
Om. Div.—1st, 7s
Clar’da Br.—6s, 1919
90
St. Chas. Br.—1st,6s *85
No. Missouri—1st, 7s. 118*2 120
1
West. Un. Tel.—1900, cp.
116
1900, reg
...
Central of N. J.—1908....
Col. C. A I. C.—Inc. 7s,’90
Reorga’n Tr’stCo. Cert.
Cent. Ia.—Coup.debt ctfs.
Ch.St.P.AM.—L.-g.iuc.. (is
Chic. A E. Ill.—Inc., 1907
DesM.AFt.D.—1st,inc.,Us
Det. Mac. A Marq.—Inc..
E.T.V.A Ga.-Inc.,Us,1931
El. C.A No.—2d inc., 1970
G. BayW.A St.P.—2d,inc.
Ind. Bl. A W.—Inc.. 1919
Consol. Inc., 6s, 1921...
Ind’s Dec.ASpr’d—2d inc
Trust Co. certificates...
Int. A Gt. North.—2d inc.
2d assented, 6s, 1909...
Leh.A Wilkesb. Coal—’88
Lake E. A W.—Inc.7s,’99
81
Registered, 1921
2d, 7a, 1912
3d, 7a, 1912
Clev. A Pitts.—Cona. s.f. *124
128
Laf.Bl.AMun.—Inc.7a,’99
Div.—Inc., 1920
Roch.APitts.—Inc., 1921.
Rome W. A Og.—Inc., 7a.
45*2
.
115
*
08*2
St.L. A.AT.H.—Div. bds.
Tol.Del. A B.-Inc.,6s,1910
95
Dayton Div.—6a, 1910..
Tex. A
St.L,-L.g.,inc.l92.V
60
51 '2
50
50
.
47
39
*30
70
35
57
36
"25" *3*2"
I
78
70
43*2
40
60
*97
*80
*37*"
Plain incomes, 0s, 1896.
69*2 Sterling Mt.Ry.—Inc.,’95
104*2
82*2
94*2
.
......
So. Car. Ry.—Inc.,6a,1931
St. Louis I. Mt. A So.—
1st, 7s, pref., int.accum.
2d, 6s, int. accum’lative
St’gI.ARy.-Ser.B.,inc.’94
'-j
79 >2
Evans.
117
120
42
*20 ‘
PeoriaD.AEv.—Inc
110
121
*
*
...
’
*46
78
80
Mob.A O.—lstprf. deben.
2d pref. debentures
3d pref. debentures
4th pref. debentures
Small
"7r>"
*4l‘*a
"82"
Sand’kyDiv.—Inc.,1920
Ogdena. A L.C.—Inc., 1920
66
60*2
......
Min’l Div.—lnc.7s, 1921
Ohio So.—2d inc., 6s, 1921
137
Pitta. Ft. W. A Ch.—lat
49*2
*50
51
N.Y.LakeE.AW.—Inc.6s
N.Y.P.AO.—latinc.ac.7a.
Ohio Cent.—Income, 1920
1st, reg., 7a, 1900
2d, 7a, 1913
‘SO*' '85*'
*49 34
57*2 Mil. L. S. A W.—Incomes
Pitt.C.A St.L.—1st, c. 7a
Danv.—Cons.g.,6s
109
106*2
-
90*2'
So. Pac. of Mo.—1st.. G 04
Tex. A Pac.—1st,6s,1905 101
101
94
Consol., 6s, 1905
57
Income A Ld. gr., reg.
Rich.A
105
113
90*2
3-6s, class C, 1906
3-0s, class B, 1906....
1st,6s, PeirceC. AO..
Equipment, 7s, 1895.
4th, sink, fd., 6a, 1892
Col.C.AI.C.—lat,consol.
2d consol., 7a, 1909
lat,Tr’atCo.ctfa.,asa’d
2d,Tr’atCo. ctf8.,aaa’d
lat.Tr’t Co.ctfa.auppl.
St.L.V.AT.H.—lat,g.,7s
2d, 7a, 1898
2d, guar., 7a, 1898
Pitta. B. A B.—lat,6a,1911
RomeW.&Og.—Con., lat
Roch.A Pitt.—l«t,6s,1921
Rich. A AL—let, 7a, 1920
95
90
114*2 115*2
103
108
71 *2 72
T.—S.F.,68,1911
Spring Val.W.W.—1st, (is *110
•1*08
3b1 103 *2 Oregon RR. A N.—1st, Us
115*8 115*4
INCOME BONDS.
110*4;11034
(Interest payable if earned )
117*2 118
Ala. Cent.—Inc. Us, 1918.
117
109
107
Alleg’y Cent.—Inc., 1912.
Atl. A Pac.—Inc., 1910...
113
111
112
103
Pac.—1st,6s,’95
F.—2d,6s,cl! A
643b
"79”
*904
|105*2 N.W.Telegraph—7s,
Mut.Un.
103*2'
110
1st, 6s, 1896
Den. Div.,6s,as’d,’99 *106 *2! 106 7s
1st consol., 6s, 1919i 100*2101
“"
C.Br.U.P.—F.c., 7s,’95 100
93
92
At.C.AP.—1st,6a, 1905
92
At. J.Co.A W.—1st, 6a
100 34
Oreg. Short L.—1st,6s
Ut. So,—Gen.,7s, 1909 106
Extern, 1st, 7s, 1909 101
Mo. Pac.—1st cons., 6s.
99*2 99 78
109
109*2
3d. 7a, 1906
Pacific of Mo.—1st, 6a 10534
7m
63
Tol. Del. A Bur.—Main,6s
lat, Dayt. Div., 6s, 1910
lat, Ter’l trust, 6s, 1910
11434 Hoag
Va. Mid.-M. inc.,68,1927
Wab.
St.L.A P.—Gen’l, 6s
46
55
Cliic. Div.—5s, 1910
*
55
Hav. Div.—6s, 1910
Tol.P.AW.—1st,7a,1917
Iowa I)iv.—6s, 1921
95*8 95*4
Ind’polis Div.—6s, 1921
Detroit Div.—6s, 1921..
104 *b'104 *4
Registered 6s, 1921
St, L.A S.
Ry.—lat, 6a,1920
2d, 08,1931...
Tex.Cen.—1 at,a.f.,7a,19091
95
'130
1130
N.O. Pac.—1st,6s,g., 1920.
Norf. A W.—GT., 6s, 1931
Ohio A Miss.—Consol, s.f.
Consolidated 7s, 1898..
2d consolidated 7a,1911
Kana.
2d, pref., 7a, 1894
2d, income, 7a, 1894
Bellev.A S. Ill.—1st,8s.
133*2
N.Y.C.ASt.L.-lst,6a 1921
Nevada Cent.—1st, 6s
cp.
105
__
108*2
94*2
Eng.—1st,7a
let, 6a, 1905
l.g.,lat,
Cairo Ark. A T.—1st, 7a
Gen. r’yA 1. gr., 5a, 1931
St, L. Alton A T. H.—1st.
134
N.Y. A New
N. Pac.—G.
60
lOO^
109
1883..
N.Y. Elev’d—1 st, 7s, 1906
N.Y.Pa.AO.—lT.l’u,6s,’95
N. Y.C. AN.—Gen.,6s, 1910
Trust Co. Receipts
I
!112
A
Debenture 6a, 1927
Atl. A Ch.—1st, p.,7s,’97
Incomes, 1900
HciotoVal.—1st, cona., 7s
100*2 St. L. A Iron Mt.—1st, 7a
2d, 7a, 1897
Arkansas Br.—lat, 7a..
85
87
Cairo
A Fulton—lat, 7a
105*2 106
68,1887..
6s, real estate, 1883
6s, subscription, 1883..
N.Y.C.AH.—1st, cp.,7s.
1st, reg., 1903
Huds. R.—7s, 2d, s.f.,’85
Can. So.—lst,int.g’ar,5s
Ilarlem—1st, 7s, coup..
1st, 7s, reg., 1900
2d, 7s, 1905
1
1
C. B. & Q.-8 p. e., 1st, ’831 103 i 103-4
Gr’n Bay W.&S.P.—lst.Osi
128*2 129
82 | 86
Consol. 7s, 1903
,108
6s, sinking fund, 1901.. 101 1102*2 Gulf Col.A S.Fe—7», 1909
Han.A St.Jos.—8s, conv.. 105
j
la. Div.-S. F., 5s, 1919.
Gonsol., 6s, 1911
j*
104*2
84*2
8. F. 4s, 1919
83
84*2 Hons. A T.C.—lst,M.L.,7s, 109*2 Ha
Denver Div.—4s, 1922..
79
!
4s 1921
1st, West, Div., 7s
106*2
1st, Waco AN., 7s
C. K. I. & P.—6s,' cp.*, 1917 127*2 129
110*2 HI
m
99*2 Rich.
119
114
2d, 7s, 1891
S’thw.Ext.—lst,7s,1910. Ill
Pac. Ext.—1st,6s, 1921. *100
2d. 6s, 1901
N. Y. Central—6s,
Reorg., 1st lien, 6s, 1908;
44 V,
BONDS.
•Mil. L.S. A W.—1st ,6s, 19211
Minn. ASt.L.—1st,7s,1927 ,*115
Iowa Ext. -1st, 7s, 1909 113
Nash.Chat.ASt.L.—1st,7b *114
5th, 7s, 1888
J’
I st cons., gold, 7s, 1920.
1st cons., id. coup., 7s.. 1
64
99
46 *2
441*2
Registered
Funding 5a, 1899
Do w small
Do
registered
118
107*2 Missouri Kail. A Tex.
Gen. con., 6s, 1920
91*2
Cons. 7s, 1904-5-6
97*2 98*2
Cons.
92*4
2d, income, 1911
H. A Cent. Mo.—1st,’90 *104
Mobile A Ohio—New, 6s
113*2 115
Collat. Trust, 6s, 1892.. *
73*2 75
93*2
Morgan’s La.AT.—1st, 6a
Deuv.So.P.APac.—1st,7 s.
7
4>4
104
45*a
3-65a. 1924
Small bonds
110
6s, coupon, 1893-99
Ask.
Diatrief. of Colombia—
64
61*2
Alleg’y Cen.—1st, Us,1922,*
Atck T. & S.Fe—4 *2,1920.
Sinking fund, 6s,
Atl. A Pac—1st, 6s, 1910
Balt. & O.—lst,6s,Prk.Br.
class 2
class 3
i893
Tennessee—Ha, 010,1892-8
6a, new, 1892-8-1900
6a, new aenea, 1914
4*2
6s, 1886
6s, loan, 1893
Railroad Bonds.
No price
6s, Act Mar 23 1869 )
Brown conaol’n 6s,
0
6
0
Bid.
SECURITIES.
South Carolina—
Rhode Island—
RAILROAD
2d
’92-8
Special tax,class 1. ’98-9
Do
Do
Conaol. 4s,
Small
Ohio—
31
31
65
Ex-matured coupon
(Stock Exchange
30
30
155
155
130
10
10
15
15
1868-1898
New bonds, J.AJ.,
Do
A. AO
Chatham RR
Ask.
130
coup,
coup.
Do
108
’87
A.AO
off, J.AJ.
off. A. AO.
Funding act) 1866-1900
0a, due
6s| due
6a! due
6a! due
68 34
consol., 1914
old, J.AJ
6a, old, A.AO
RR., .T.A..T.
No. Carolina
lOtl
1882 or 1883
108
1886
108*2
1887
110
1888
6s! due 1889 or 1890.... 111
A syl’m or U ni v., due ’92 116
120
Funding, 1894-’&5
Hannibal A St. Jo., ’86 108
87
Bid.
SECURITIES.
N. Carolina—6s,
Michigan—
6s, 1883
7sj 1890
Missouri—
78
Ask.
Bid.
SECURITIES.
46
49
20
15
THE
672
CHRONICLE.
({notations in Boston, Philadelphia and Baltimore.
Noit York Local S.cnritles.
Insurance Stock List.
fQuotations by K. S. BAlt.EY, Broker,
Hunk Slock Li*4t.
CO
not
Bid.
10O
100
100
25
25
100
100
25
100
25
Cen i ml
Chase
Chat li am
Chemical
Citizens’
■
100
100
City
Commerce
Continental
Corn Exchange*
East River
Eleventh Ward*.—
fifth
Fifth Avenue*
First
100
loo
25
160
lod
American Exchange
•
Fulton
Gallatin
German American*.
German Exchange*.
Germania*
Greenwich*
Hanover
?•*>
100
ieo
fdurine
25
LJ0
100
50
50
100
no
100
Nj
100
Imp. and Traders’...
Irvipg
Island City*
leather Manui’trs’.
Manhattan*
licl
Mechanics’
25
J00
50
50
UK)
100
Metropo is*
Metropolitan
Mount Morris*
ISO
Clinton.
Columbia
.,.
10
1.1
Eagle
Empire City
....
....
' 1 iO
••k
•
.
F.rrugut
Firemen’s
Firemen’s Trust
Franklin & Emp....
Gc-tnan- American..
.
.
•
•
•
100
UK)
100
160
UK)
100
70
30
25
50
10O
25
20
60
'
Park.
•
People’s*
Phe’nix
Produce*
10O
100
100
100
UK)
100
100
100
40
Repuhlic.
St. Nicholas
Seventh Ward
.
.
Sixth
State of New York..
Third
Tradesmen’s
Union
50
100
50
100
United states
Wall >tro;-t
West bide*
inn
10
UH)
30
;>t)
*
Exchange
...
•
an
5<»
’ommereial.
■Continent ul
149
•
..
1
2)1
•
70
Id)
(hty
....
.
...
•
f
160
.
.
•
Greenwich
•••
Guardian
....
..
....
..
.
Hamilton
Hanover
.
.
.
1 (otnuiin
l;li
Home
Howard
...
o5
i
1 rving
.
Jefferv on
...
•
f-iimar
Lenox
....
.
....
....
123
14
Lon
•
...
..
•
•
....
170
....
1
....
145
....
....
•
.
.
.
.
.
.
National.
York
Yitf-k
York
York
....
IF
152
1&3
•
.
.
.
•
•
•
•
•
Phenix
•
....
«
«
As
...
.
-
-
St:u-
•
.
•
.Sterling
..
Tradesmen’s
United States
Wcstchesier
'•■n
100
WUiiumsourg City..
<i«s iiutl City Railroad MorkM
no
150
125
130
40
too
230
220
85
100
125
90
100
120
193
230
110
135
80
143
80
60
50
140
ISC
113
140
85
Gas Companies.
Par.
25
20
fl-ooklyn Gas Light Co
Citizens'Gas Co (Bkivn)
bauds
K’lc
Ma°a
50
Jersey City & Honokeu
50
100
60-1
M mtmtian
Metropolitan
do
bonds
M itu.it, N. 1
...7..
100
26
Sassau, Brooklyn
Va
10*.*
scrip
.
People’s (Brooklyn)
10
1
bonds
.
Mefroi'Oiitua, Brooklyn
..
.One
Var
50
bn
;
U^tura) 01 >ew fork
WiIllHQisonrc
Municipal
!
.
bon Is
Fulton Mu ’!clon'
uo
l,(Kt0
,200,'X)u
Var.
Va:,
315,000
!.(&(*.
1,000,000
,(HK)j0oo
^
.
too
1 50 (.0CKJ
...
3
a
A
5
A
..
5
H
'v.
I
Guar
.).
,IK)0,(K>‘ A.
100
.(>00,000 M. JL.N.
100 8.0'Kl.fKM'.
750,()no M. it N,
05
’ -2
97
Ju y '82 155
Au:„ '82 215
!70
Aug.,
H15
‘
‘e ., *82 10.1
S* pt.,’'l
r0
Nov. v2 96
Nov.. *82 114
,
’ • ri. -42
Vov., ’32 100
Oct., '62 87
AU)..
14
.
i
08
3
700/8)0 M.tcN.
4,000,00’) '1. (t N
l,iH>),(MKt f. V J
87 ,00») M t N
125,000 Var.
1
1
! 05
3
Q-.iar,
Var
400,(Kh;
Nov., G2
2 k < ill V ’82
;M. O x.: 82
.
7c)* ),oo< 1 F. t A
,
*
.
.
3
'*
mortgage
v...
Bromlwuy & Seventh at.-St’k
1st mortgage
Brooklyn City—Stock
100
’a-j
tr
Feb.. ’02
5u
Oct., ’02
-l ut v.. *“2
90
70
Noy. ‘.s2 175
13>3
1 mu
<i
7
0
70
...
1,000
loo
1,000
10
1st inortgage
1,000
Bronuwny (Brooklyn)—Stock
Brooklyn Cross town.—st’k
..
100
100
J,
7
,lu0,000 Q-J
1,500,000' l.&ll.
2,000,000 <> — K
2
(ia *,050
200,000
400,000
300,000
Bushwick Av. (B’klyn)—Stock.
100
500,000
Contra! i'k N. & E. *>iv.—Stock
Consolidated mort. bonds....
Christopher «& Tenth St.—Stock
100
1,000
1,800.000
1,200,000
1(H)
Bonds
1,000
100
Ory Dock 1*7. B.& Butt’ry—Su»ck
1st mortgage, consolidated .. 500&C
100
Eighth Avenue—Stock
l,00u.
1st mortgage
42d St. <5fc Grand St. Kerry—St'k
Central Gross Town—Stock
1st mortgage
:
Houst. West St .& Pnv.F’y—St’k
1st mortgage
Second Avenue—Stock
....
3d mortg: ge
100
1,000
1st mortgage
100
1,000
100
500
100
nvertiblo
1,000
1,000
•Sixth Aven• e—StoUi
.OO&c
100
Consol,
c.
....
Kxtensioi
1st mortg ge..
Third Aven.-e—Stock.
1st uaortgtu e
Twenty-thin Streei—Stock...
1st mortc-e
•
J
.
&■
300,000^ SI. A N
1,000
1 at mortgage bonds
I
bOd.OOO J. & .1.
Q—».
<p.) &J.
Q—J
.1
•
it I>.
oity* o F.& A
J.
&
J.
2.r)0,<H)ii
.
1,200.001
Q F
000,000 J. & D.
l,000,00tt Q-J.
2(>3.00o J. & J.
748,000 vi.&N.
280,000 A.&O.
000,1)00
200,00 7M.& N
250,'HHd.
500.0(H)! J. ft-f.
l,100,500[J.&J.
150,0004A.£,O.
1,050,0001 M.&N.
20O.00O1M.& S.
7
& So. Pac. 7s. ..
jgdensburg & L. Cii.coa.G .
147)4
*
do
inc.
Colony,7s
....
Colony,dfl
*••••••
i*L3
l'uehlo & Ark. Vaaey, is
Rutland 6s,1st mort
.
Sonora7s
T. Clnn. &
Ask.
no
71
no
lQt)
160
220
18 0
1 ]<)
105
55
95
U5
45
H8
92
85
55
HU
75
!S0
no
80
24
IJTv.IDOOi 107
v>et„ *32 144
Mune 'SI 103
8)a N
82 208
v.,
H»2
110
‘205
200
112
!^8-»
J105
<
cr., '61 150
Hi r.. ’s2 144
146
i) ‘.c.inoj iiTU'ny
Aug.,’8’ 10S
112
luo
Nov., *32 255
na
265
(dene, '93i 1:5
119
1*4)8
Oct., ’82*250
00
Jan.. ’8
May, ’82 250
•
UO
110
80
!03
115
80
100
Apr.,’93
XOV.1904
83
daly, *94 105
Ju.jr, '82 175
Apr ’85 103
Nov., '88 107
Sept..’8 <) 175
i
io
185
ios-4
260
115
•J ui v.
’90; 110
Aug.,’82 151
11*3
May. !93 110
115
150
This ooigmn abawa 1aat dividend cn stojte, but the date of maturity of bond
98
103 Vt
44
9)4
....
81H
x
& Albany
Boston Oln. & Fitch
Lowel;
.Boston &
.
&lMalae
& Providence
Boston
,
Boston
Chesnire nrcrerred
Chic. & W. Michigan
Cln. Sandusky & Clev
Concord
Connecticut River
...X
,
.
X
.
•
•
100>e
Fort Scott &
do
m
x
i 3*414
20%
132
..
•
central
Ogdensb.& L.Champlain
...
—
Portsmouth
x
Palace Car
preferred
.
Wisconsin
Central
no
do
do
•
•
•
"m
•
1
Camden &
■
r**
4
Wh
20
Atlantic —...
ao
do
’
Joy & Lancaster.
Huntingdon & Broad Top...
do
do pref.
Lehigh Valley.....
do
pref....
Little Schuylkill
Har. P. Mt.
•••
NesqueUoning Valley
Norfolk & Western, com
pref....
Pennsylvania.
Philadelphia & Erie
Nor .-i stow a.
& N. Y
Puiladelphla & Read ug
Philadelphia & Trenton
PhUa.WUmiug. & Baltimore.
Pittsb. Cln. & St. Lou's, com.
St. Paul & Duluth R. li. Com
Plilla. Germ. &
Pima. >ewtown
do
pref.
do
.
•
,
•.
05
CO^
:
2bli''2Sr%
SO
94
1100
Atlantic
Schuylkill Navigation
do
.
12
pref...
Allegheny Vai..7 3*1Cb, liDS.
122^*
78. E. ext.. 1910 118 1,
Inc. 7s, end.,c.’9l. 40)4 50
122
Belvldere Deia. 1st m.,6s,l302..
do
2dm. 6s.’85
104 I
do
m.
6s,'87..
3d
ji04
Camden &Aui* c
oup,1^'
do
6s, coup., ’89 10« 1
do
mort. os. Si*
in>2 H2M
Cam. & Atl. 1st m. 7s, er., l-$9c
do
do
\mi
2dm. 03,1901.
m
road., op. c
Cara. & Burlington co. bs.’yi.
Catawissa 1st,7s, conv., cp.’s«
do
chat, m.. !Oj. **°
t Per share.
1
1st m.
7s,’99
cons.
6s, 1909
108
....
i'10
103
CO
107
103%
6s, 1886, J.& J
6s, 183,), quarterly... IUH
6s, park, 1390,Q.—M.
6s, 1893, M.&S
6s,exempt,’33,M.&S
m
139
121
121%
131M
195
Balt.& Ohio...1.100
128
1st pref
do
123%
de
2d pref
do
Wash. Branch.100
do
Parkersb’g Br..50 *8
Northern Central.
501 56A
Western Maryland
...50 49
Central Ohio, common
50
Pittsbu g & Connelisville...
.1
railroad bonds.
107
Atlanta & Char. Ists
77
co
inc ,.
Balt. & Ohio 6s, 1885.A.&U. . 104
100
Columbia* GrceiV. lsts....
2Js.
do
76
..
■121
105
110
2d, M. & N
56
93
8s. 3d, J. & J
Richmond & Danv., gold,
do
onion Ru.
1st, guar.,.J. & J..
1 Pinion endorsed.
Virginia & Tenn. 6a
do
117
8s
WP. & Weldon; gold.
W11.C. & A4<
j
7s
....
107)
62)
....
162
79
106%
....
110%!.v.
Cen. Ohio 6s, 1stm..’90,M.&S. 107%
W. Md. 6s, 1st m.,gr.,’90,J.&J. toy
do
lBt in., 1890, J. & J....
do
2dm.,guar., J.&J....
do
2d m.,pref
do 2d m.,gr.hy W.Co.J&J
do tts, 8d m., guar., J.& J.
Mar. & Cln. 7e, *91, F. & A ...
do
18
10494 106
)122«a
N. W. Va. 3d m.,guar.,’85,J&J
Plltsb.& Conneirsv.78,’98,J & J
Northern Central 6s, ’85. J&J
ao
6s. 1900, A.&O.
do 63, gld, 1900, J.& J.
do
co
do
In default.
:
do
CANAL STOCKS.
Lehigh Navigation..........
Pennsylvania
’06'
in.,6e1g.,19D5
•
(55
Went Jersey
West Jersey*
25
Cs.l^uOrQ.— J
68.1303, J. &J
5314.
do
5s, 19,6, new........
Norfolk water, 8s
RAILROAD
STOCKS. Par.
57
03
03^
56^
United N. J. Companies
West Chester consol, pref....
do
do
do
do
do
do
do
mi
02)t
63
CO
21
U9
.
*59
08
cons.
.
1
BALTLROKE.
..
75
17 l-i
84 1
....
il3
l.&Ii.Coal&Ir’n deu.7s/J2*
do
deb. 7s. ep^.ofi
do mort., 7s, 1S92-4......
....
•.
.
1(701
.
MISCELLANEOUS BONDS.
107
Penn. Co , 6s. reg.
do
do 4>$3, reg,,1921 90
do
do
co-ip., 1921
!
*54k|
do
1st pref
"52
do
21 pref.
..
Delaware & Bound Brook.....
run
East Pennsylvania
41
Elmira & Williamsport,...... j
do
d°
pref..- 53
Stlneiilll
|
::::
pref
CutawlSBR
f «VV A Ol/tO f •
121
96
87% 89
1886
103%
ilgh Navlga. m.,68, reg.,’8-1 10.3
do more. RR., rg . *97....
117
do cons. in.7s, rg., 191!...
do Gr’nw’d Tr. 7s, rg.^92
Morris, boat loan, reg., 1385.,
89
_>enu8ylvania 6s, coup.y 1910.. 80 106«
rchuylk. Nav.lst ni.6s.rg.,’97.
do
2d in. 6s, reg., 1901 S8Tg 89,4
j
....
Pref.
do
05
CANAL BONDS.
Ches. & Del.. 1st m., Gs,
!
59
’
KAILROA-D STOCK*.^t
Allegheny Valley
Buffalo Pitts. & West.-rn....
’Q/l
W. Jer«ey & Ati.lst vn: 6s, cp.
Western Penn. HR. 6step.’y3.
6s P. B.,’96
do
db
Een.rn.7s.cp., 1901
125
•
nn
inc.& 1. gr.,7s 1915
Union & Titusv. 1st m, 7s. ’90. "m m
Gulted N. J. cons. m. 6s,*94..
113
Warren & F. 1st m.7s, ’96
U7
West Chester cohb. 78,-’tU...<.
West Jersey 6e, deb.,coup.,’8g
do
lat m. 6s, cp., ’90.
111)
137)4
im
"Tu
do
49^ *50:
"57
Prcf
GAlp
do
68k
4
7s, cp.. 19BC
104
110
Beach & Lynn
do
T^itnavr
94)|
M
Syra.Gen.* CornV,l6t,76,19ttG
Texas & Pac. 1st m.^s.g.,1905
do ' Rio Gr.Div.,1330
lib:
...
.
09
71
88
63.
Manchester & Lawrence..,.
’08
Mar. Hough. & Out.
110
do
pref...... 144
Nashua* Lowell............
Old Colony
08
Sunbury & Erie 1st in.7s, ’97.,
Sunb. liaz. & W.,lst m.,5s,’2L
!
do
2d m.6s, 1933..
‘51
48
New York* New England...
Northern of N. Hampshire-/..
Norwich & Worcester.^.
62
.
.
....
do
!ah
UUalU
***
61)4
Iowa Falls & Sioux City
Lltue Kock & Fort smith....
60
121
.
122-
77
common
94«
60
•
ysr
•
.
..
...
!
’*.**
87
...»
pref
Gulf, pref..
Portland Saco &
3
92
‘'
.....
Marq
,
m
,
...........
Eastern (Mass.). .........:..
EasterndNew Hampshire).-..
Flint &Pcre
do
do coup, off, 1893,
do scrip, 1882...
do conv, 7s, R. C., 1893*
do
7a, coup, off,’9?
Phil.Wilm.&Balt. .ls.Tr.certs
PlttS.Cm.&St. L. 78, reg.,lS0i
co
‘65
.
cp.',mi 120
do
cons.m.63,g.iR(J19ll
lmp.m.,6s,g„ C. 1891
do gen. m. 6s g.,C.lP0'
do In. m.,7aIconp.,,.896.
do deb. coup., i'93*....
152
100
(JO
.
Passumpstc
.
Connotton Vklley.............
Maine
•
....
23
100
Conn. &
Fitchburg
•
•
do
do
do
171
...
Boston
RAILROAD BONDS.
,
•July. ’dOj 110
Nov., >2 270
250,00<)jM.(feN.
215'
ct,, ’-2 190
Oct., '62 !00
«
500,0009.1. & J.
2,000,0001 Q-F.
1,000 2,000,0001 J. & .1.
100
000,00’|F. &A.
1,000
{ p.a
i 112
147
164
io<i^
ieiw
do
cone.in. 6s, rg., 1905
122
do
123
cons.in.6s,cp., 1905. ...
do
do
53,reg.,l!)L' 106)$
Pa.& N.Y.C. & RR.7s,1898
»23«
do
1906.... hid
Perkicmen 1st m. 6s,coup.,*8
403
Phlla. & Erie 2d >n. 7s,cp.,’38 114
do
cons. mort. 68.(920
po
do
5s,!92( iiib* 102J<
Phlla. Newt’n & N.Y., 1st, *9,
Phll.& U. lotin.6s,ex.due 1910
do
2d m., 7s, cp.,93. 116
do
cons. m.,7s,rg., 1911 Lett
STOCKS.
Atchison & Topeka
Tol. Cln. & Sr, LOnis
Vennont & Massachusetts
W vreester & Nashua
I
*
$$!ju*y, 82
‘82,245
100
Income,
Day’ll D.
Ma:nL..
do
1C6J5
....
103
35
St, L., \tt:«»•»..
do
do
*
Pennsylv.,gen. m. 6s, rg.,10i(! 125
imi.in.ds.ri
iSU' 123
122
do
m. 6s,cp.. 199'
gen.
iiii
....
■
I
1164^
110^:
•t
113
Old
Old
do
d>
Northern Central
North Pennsylvania
750,0001 M.&N.
1,000
.
s_...
<
«•
|Norf’k&West.,gen. m,,5s.ll,3i 100U ioivc
105^' (>1! Creek, 1st Ge, coup.,
10J [7...
ltD)a 105)4!
New Mexico
[Quotations by H. L. Geaxt, Broker, 145 Brouivyay.j
Checker
St. & Fu!t. Ferry—St’k
list,
(m
no
M7
30
7ix,
71^
20
iw
71)<{
ft'IIIIiADELPHM.
5
1,850.000 F.cc \
750,000, {. & .1.
4.000.000, '. <te J.
:, 77)0,000 1 it 3
5,6oo!ooo
Bid.
.
UO
.
2d m. 7s,cp.,’96. lVsl
geu. m. 7s. reg., Hhft 124
gen. m.7s,cp., 1903 !2i
104
debenture Gs, reg
I'COCUIUICUC,
do
dot
do
do
|
til
Smill!„.3,lsi
Central. Gs.....
hevere
ihite.
A Ft.
Mexican Centra), is
New York & New Lug.
Rutland,
e;
St. ,Jo.& c. B. is
Kan. city.
Little
and doiuls,
Period
2,000,00-1
I,COO
Hsrleui
do
Amount.
.....
itaswfu, Mass., 4^3. new. .i. lu'ja4 110
H urt Scott & Gulf «s.
DO
50)k
dart ford & Erie is
•
*•
K.. Cite Lawrence & So. 59... 102
05
85
75
55
150
210
72W 80
lo3
107
70.
75
75
80
100
105
03
00
107
112
02
[50
’2)
130
50
130
UO
05
50
75
105
50
110
50
100
100
50
140
250
100
3714 100
85 1140
150
100
90
95
5
100
10
00
loo
65
170
50
180
100
100
25
170
25
175
117
too
125
150
175
i *>
111
120
50
UO
50
145
63
50
75
75
.100
85
30
150
25
LOO
110
i 50
70
100
75
50
30
100
LI 5
125
25
70
75
25
125
135
25
120
125
10
200
50
22)
.
Southern, Gs
CaB 'ornia
53, IDS....
g d, 7b.,’90
...
5a
do
cons. m.
100'
•Junction 1st mort. 6^,’82
do
2d mort. Cs,i9.00
U5}4
Lehigh Valley, 1st,6s, reg., ’i).do
1st, 63 cp.,15ft
do 2d m. 7s, reg., 1910.. 182
133
v
do
con. in.,6s,rg.,1923 123
do
do
68,c’P.,r.LS
Litt le Schuylkill, 1st m.7s,\*;?
N. (). Pkc., 1st m., 6s, 1920
H5>4 h«
bia-p 82
D.Ex
Chicago Burl. & Quincy
Cone. & Fnssuiupslo, 7^
Gannett n Val ey. 6s
I 47)7
120 ~
250
6)
(io
;lthaca& Athens 1st
...
7U
Bond=>
Ron js
..
.
„
[Gas Quotations by Prentiss & Staples, Broke-» ii W ll ktreet.]
do
N^w York
East Penn. 1st mort. 7s. ’88
EnstOfi & Amboy, 5s, 1970
E1.& W’meport, mtm. ChISKHIIS
do
5s,perp....
Harrisburg 1st morV 6s, ’83...
H. & B. T. 1st ni..7s. gold, ’90.
Boston & Lowell 7a
do
fia
boston & Providence 7a
114^
burl. & Mo., land grant7s...
.Lx 1 > 2,'^'....
do
Nebr.Ss
: i rh>i,
do
Nebr. 6s
181
do
Nebr.Is
.
Stuvvesunt
...
7
180
i .0
1
150
11J
210
180
:95
Pullman
do
Catawissai new 7s. lS0ii,r.&cp
Churtidrs Val., 1st m.7H.C.,Btd:
BOSTON.
Tcpe’’.a lot m.7s.,— 11S?4 119
'and grnnt7?
Atlantic & Paclfl 5 <js.
i.o
iuccinc..
Boston & Maine 7s
Albany 7s.,...
do
fis.
,
Ropubiie
itui gers’
St'tndard.
•
....
....
.•
Belief
....
,
......
People’s...
•
103
•
....
.
•
ity
1
Pn«er Ooope'r
....
130
130
F>re
A Boston
North River
I’acitic
Bark
100
....
Equitable
New
New
New
New
.
.-
(Brooklyn)..
Nassau
.
.
IsLina(B’klyn)
Loriliard
Maunfac’rs’i Build
Manhattan
Mech. A Traders’..
MechaniO'1 (B’K.lyn)
Mercantile....;
Merchants’.........'.:
Mont auk (Br(M#k)vri)
....
.
'
I^it'ayette UH’klyn).
CO 1^5
•
'
Kings Count y (Bkn.)
K nickerbocker
....
-■(•»
.
....
importers’ A. Tr’d’r-
176
lid
100
60
f-J
Lo
100
lb
50
50
100
0<)
r>o
10 0
30
20
40
50
100
25
50
25
UK)
100
25
Globe
•
90
V20
‘<00
75
00
1 \ i
80
1 < to
Germania
•
-
ri
10
100
..
.
....
Murray Hill*
20
Cn izens’
25
Median ics’ & Tr’d rs’
Mercantile
Merchants’..
Merchants’ Exch’ge
Brooklyn
....
•
••
2b
20
17
Bowery
Broadway
255
B-.0
UO
105
!l)0
160
170
140
!! H
120
50
UK)
A luericun
.
95
100
1O0
100
100
.80
no
.
Second
Shoe and leather.
Bid.
.4ak.
8RCUK1TIB8.
•roston «s
America*
Am. Exchange
Bowery
Broad wav
Butchers’ & Drov’rs’
Nassau*
New VorJt
New York County...
N. Y. Nat’i Exeh*ge.
Ninth...
North America*
North River*
Oriental*
Par.
COiJPANUeS.
Par.
(*) are
National.
Ask.
Hid
BEOTTBtTtKS.
Atch. &
do
Price.
Pkicic.
Martini thus
a 1
No. 7 Pine St reet.)
MPA NIKS.
(Vou XXXV.
103
■109J*
95
NoyjpyBER
THE iCRRONl^LE.
.18, 1882.]
RAILROAD,. EARNINGS.
?-———
i
:
Latest Earnings Reported.
R<xid8.
Week
or
o|
Jj
1882,
1
Jan. 1 to Latest Data
1881.
,
'
$
1882.
1881.
$
$
’
i?
60,875
88.67 4
October.
683.848
Ft* October. .1.402,62 3 1.263,023 11,814,821
rn
B.iU. &
.
Septeiub’i
.
jl,759.29
•.
1
tj
65,362
649,005
2,346,013
45,291
Banki.
4*31 *.177
<7
Cliesap.
Chicago
Chic, F.u
U.
iK
p.
Chic. A
Chi'*. A
v.
j
). LM Wk No\
W.Mic li. October..
|
H. October..
ii Septemb’c
>1 IstwkNoi
Col. Ho<*l
Connot to
Dcnv. A
i.
lstwkNo\
i’.
! st wk >o\
2<l wk Oct.
2d wk Nov
•
125.75T )[
2 31.16: !
250, OIK )
213.251
10,848
|
i. October
1st wk Nov
1st wk Nov
’. 1st wk Nov J
37,802
Det. Lan,
Dub. A 3h
Eastern
..
..
Septcinb’r.
.
1st wk Nov
t.
1
Septemb’r.
?
1st wk Nov
.
j.
October...
1st wk Nov
.
Aug
\
Grand Trunk...
|
WkScnt.lG
Istwh Nov
.
*.
e
o
v
ASept |
October...
1st wk Nov
October...
) October... I
Do
October... |
)
LstwIcNov
1st wk Nov
Iowa Central
October...
1 Ootober..
) 1st wk Nov
i October...
October...
Long Island... 1st wrk Novi
Louis v. A Nash v 1st wk Nov
Louis.N.A.&Ch October.. J
.
.
.
.
.
.
.
October...]
.
1
3d wit Oct.
2d wk Oct.
4th wk Oct
2d wk Nov
Do
Septemb’r.
Mo. Kan. & Tex
Missouri Pacific
Mobile & Ohio..
Metropol. Elev.
N. Y. Elevated..
Istw'k Nov
1st wk Nov!
October...j
15 dys Nov
I5dys Nov
October
1st wk Noi
..
N. Y. Pa.
Oregon Imp.Co.
Oregon it. AN.Co
Oregon A Cal...
Pennsylvania
J
10,520
227,506
59,369
24,096
674,887
190,438
64,619
90,360
108,464
175,578
32,071
61,592
39,0551
2,440,17
2,0* l* 9*. 1*2 8
5,047,958
5,054,784
294,00
1,350,086
983,402
338! 257
.
7,275
24,9.69
25,836
323.353
71,330
1,539,878
127,421
18,861
646,! 9o
109,04
56,080
65,025
,792,351
1,589,730
5,578,330
1,507,375
950.590
2.150,576
2,243.967
773,918
1,251,123
1,183,421
■94,042
150,504
23,3.36
60.151
31,455
38.462
1,734,973
9,378,583
818,408
750,009
••••••«,
707.935
161,3521
120,0 48
133,193
250,924
l
i
1
4.525,528
5,053,472
1,881,422
112,695
128,361
172,121
64,534
i
S
1
t
2,173,722
2,533.487
1,750,072
2,393,049
3.623,303
1.832,594
|
462,523
246.530
429.565
9,741 j
115,670
17,753
7,000
c
1
4
885,85^
3,470,240
557,798
319,821
2
4
........
2,879,211
580,762
2,595,067
Western Road since October.
t Freight earnings.
■
|| Included in Central Pacific earnings above.
Sub-Treasury.—The following- table shows the receipts
Nov! 11
13*.
14.
15.
16.
17.
Tottf
well
as
the
Payments.
$
$
2,306,397
32
4,483,854 09
2,896,128 05
1,014.140 63
991,727 58
2,020,849'38
*13,713,097
05
Includes $4,779,000
C6in.
09
68
48
49
18
1,735,203 43 102,541,331 43
12,092,971 28
eposited for certificates
$
4,570,110
4,631,6 44
4,645,094
4,644.518
4,540,563
4,660,845
500,000
240,000
250,00 <
'3,200,000
Third National..
N. Y. Nat. Exch..
1,000,000
2,000,OUU
300,000
750,00(
i
:
•’
Bowery National
N. York County..
5
Germ’n Americ’n
Chase National..
Fifth Avenue....
German Exch.
Germania...U. S. Nat
Lincoln Nat.
.
500,000
300,000
250,000
200,000
750,000
300,000
100,00C
75
93
37
39
57
22
287,80)
2.171 500
65,800'
42" .100
200,000
500,000
1,707.900
4.887.400
300,000
1,462,100
926.000
2(0,200
*488.300
6.2S4.P00
2.821 50l
2.232.50(1'
190.500
1,449.509
1< 2.000
92 >,*.)0C
173.600
157.200
81.100
1.002.000
2,2) >8 300
1,21'UOO
3.235.60)
9.603.900
8.829,00)
3.830,800
169.700
356,000
03',200
113.4'Ju
603,000
269.700
315.200
so;.: on
136.800
122.000
128.000
2.6CO
51B.00a
23 800
45,000
1.007 760
897.700
800.000
1,12*5
000
45,000
1,781.501
2.195.600
5,400
800.000
423,000
2.250.000
2,-23.89(1
2.452.500
270,000
2.31 6.40C
2.251,909
450060
450,0-lK)
450,000
4.600
660,030
2.035.800
4.218.000
19 r>93.90!>
19,588.509
1.623.30P
270.000
1,337,400
45,0 CO
1,296,60*':
805.301,
225090
365,400
7.775,000
3.743.000
5 50,000
297.000
90,000
euQ.o.x)
433.030
16
1,202.000
803.000
882.400
5.264.5)0
255 000
13 758.000
1,065.100
450,020
45.060
880.200
£65.800
224 4 JO
150.606
62,0 >0
118,000
161.300
122. U>0
5.210.500
1.013,900
1.755.900
2,045.900
2,493,000
4 828,800
1,930.2 0
1,714,9.0
1.848,7 >0
4.90S. 100
U2.OU0
1,653, IOC
193.000
37.700
134,600.
251.000
497.9 X
383.100
73.10J|
58 800
761,500
247,933
3.100,000
3,079.200
6.973.900
927,000
979.900
311,300
28t,7(55
8.031.900
a..'-8i.400
9.161,000
112.100
Dec. f2.131.000 | Net deposits
270 00#
225 000
180.000
92,800
Doc.
following
are
Loans.
*
1882.
Nov. 4 ...317,583,200
1L....310.451.200
the totals for two weeks:
Specie.
L. Tenders.
Deposits.
*
*
*
52.0)0.900
43,8)3,500
20.070,900
238.443.500
1S,953.100
233,200,200
follows
are as
:
Dec. J'5,242.300
Inc.
33,990
...
3,203.400 Circulation
1,117,800 1
....Dec.
Specie
Legal tenders
•
2,711.100
3.593 80*1
137.600
102.40C
951.900
3, tjS.IOO
793.530
5.040.500
2.350.30(
82‘\S00
8-2.800
The deviations from returns of previous week
The
267,630
60.002.700 313,154.200 48,823.500 18.953,K)U 283.206.200 18.608.aW
Loans and discount*
i
l.Yoo
2.S00.U00
5.010,7)0
1.410.200
1.246.200
13.124.609
113.400
99,206
235.000
172.000
207.900
429.4 >0
116.000
335 3cOO
644.200
323.100
108,OCC
5.842.000
348,^00
111.500
509,000
800,000
8,789.21)0
648.700
Circulation. Agg. Clear
$
*
18,6)0.300 081 298.925
13,033,2)0 050,433.95#
Boston Banks.-—Following are the totals of the Boston bankst
Loans.
1882.
Nov. 0..
“
13..
.
L. Tenders.
Specie.
$
*
*
Deposits.* Circulation. Ago. Clear
?
143.843,100
0.229,500
3,801,100
08.910.000
149,221.000
5,922,200
4,051,400
92,022,000
including the item “ due to other banks.”
I
*
39,9 5V00
2J,030.400
8 2.053.554
7J,(i93,31H
.
Philadelphia Banks.—The totals of the Philadelphia banka
are as
follows:
L.
Loans.
1.382.
Nov. 6..
“
13..
S
Tenders.
■
75.195.303
75.^00,073
Deposits.
*
St
17.597.237
17,402,523
64,310,8-21
65,000.402
Circulation.
Agg. Clearm
t
01.8.32,053
54.010.113
9.7 75.301
9.775.70J
Unlisted Securities.—Following are quoted at 33 New Street:
Biel. Asked
Am.
bonds and s'oek
Atchison Col. & Pan
Atl. &■ Pac.-—6s, 1st
Incomes
ex:
86
Incomes
Bost.II.&E.—Newst'ic
Old
1
1 ‘8
*3
7d
B’klyn Kiev.—Scripstk
1st mort
Buff. N. Y. & Phila
Pref
1st mort
£....
21
45
Cal.AC.C’nal& Dock..
32
40
5*6*
100
Pref
....
•1st
Chic. & Can. South
20
96
I hi
list mort
Tol. Can. So. & Dot
Den.& R.G.R’y—Cons
Denver & Rio. Gr. West 211a
1st mort
65*8
Georgia Central
106
Intemat. Iran-80 p.c
Mo. Kan. A; Tex. ,g. m.
84
Leliigh & Wilkesb. Co.
..
40
106
.
1st mort
SS34
21
66k3
iriH
95
io*6*‘
88* *
20
-
Mexican. Nat
Pref
1st mort.
Newb.D.A Coun.--Pf..
52
190
7
....
15
....
22....
96
83^
84%
28’-
29%
69^
67
70
67%
....
....
....
46
92bj
84
....
85'
3
92 kj
94
Oreg. Sh. L.—Subs.,ex 57
Or.Trans-C.-Sab.Gop c OOH
65
Subs. 100 p. c
OhioC—Ex bd. A stlc.
River Div. 1st mort.
Incomes
'
Pitts. & Western......
Peusac. &Atlan.—1st
St. Jo. & West
Kans. & Neb., 1st...
2d mort
St. Jo. & Paciflo 1st
2ds
St. Paul righta.....;
...
'3H
13
49
52ie
5^
Vick. itMcrid. 2d M
Incomes...
*
Assessment paid. -
..s.
90*t
’ 3»a
62
17
21
62*a
63
80.
17^4
2^
> 8L
101th
23
Tex.ACol.tmn.—GOp.c 9978
8
11
29
A shod
Pref
;
Memp.& Chari.—Com.
N. J. & N. Y—Com
Pref
1st mort
No. Riv. Const—70p.c
N Y.W'.Sh.ABuff.—St’k
5s ex-Jan. ’86 coup.
Subs. O. & W.. 55 p.c
N. Y. Sus. A West.—let
Coju. stock
Debentures;...
N.Y.C.A St. L.—Equip.
N.Y.L.&W— 5p.o.g,stk
1st mort
N.Y.Pa.A Oh
Atl. & Gt.We3t., com
....
Oregon Improvein’t
L.‘ Rk. A Fort Smith
....105
1st mort
Massachusetts Coat...
..
Pref
...
Cent. Branch
Chic. & Atl.—Stock...
Bid.
Mich.AO-S;ibs.45 p.o
Stock, com
Railway Imp.Co--
1st mort.
.
495,000
5,276.000
5,319,0 JO
2t)8,0()'
240.600
162.9,10
622.000
t
8,732.000
210 2on
1.804.500
2.647.600
4.777 600
1.862.400
1.508.300
200,000
..
2.057,009
7,641,000
3.39?.000
5 702,0 K
:3,26» WiHl
5,116.000
1.367.800,
1.829.300
;
jlst mort. fund
Currency.
*$
3,384.641 41 99,933,696
2.738.057 27 101,617,958
2,491,125 36 102,009,511
719,415 60 102,304,782
1,024,522 71 L02.375.972
1,500,000
2.000,000
;
8.198.206
1.874.000
2,(‘50,900
*
528.000
329.000
505. IOC
37.000
318.000
1*2.800
103,50(1
430.700
2.700.500
3.106,000
544,009
4,(*03.800
323.000
6,765 006 1.2 3,900
2.121 800
42.000
3.833.000
794,000
19.175.300 4,671.600
10.648.000 3.82H.00P
1.629.1 *00
329 000
J ,336.0'JO
22.8 i
83 6 M
1.029.100
10.995. IOC 3,174.300
400,000
••
8,788.009
449.700
150,200
170.001
1.292 600
2,849,3 JC
.1,000,000
Guar. 1st
..Ill
Certs. of indebt
Ind. Dec. & Springf
Balances.
Receipts.
500,000
500,00(
500,000
500,000
1,000,0001
Fourth National.
Central Nat
Second Nation’l
Ninth National..
First National..
*
3,566,011
'
300.000
Park
Wall 8t. Nalion’I
North River
East River
4,030,251
C
payments at the Sab-Treasury in this city, as
ta.ances in the same, for e^ch
day of the past week:
Date.
500.000
600,000
...........
527,003
„
ana
3,000.000
....
Total.
t
U. S.
Metropolitan
Importers’ & Tr..
1,912,901
125,399
215,38.'
ieptomb’r. 1.417,602 3,735,006 35
Division.
200,000
700,000
1,000,000
1.451.039
2.427 40P
Oriental
Marine
7*88,09 i
1,142.870
1,873,494
45,673
Peoria Dec. AEv. 1st wk Nov
3 1.710
11,316
003,529
Philadelp.AErie Septemb’r. ( 386,4551 276,522 2
Phila.A Reading Septemb’r. 2,019.017 L,945,874 15
1
14,919,675
Do Coal A li
Septemb’r. 1,469,315 L,410,537 10
9,791,689
Riclim.A Dan v. 1st wk Novi
180,000
465,000 3
2,893,199
Bt. E.Alt. A T.1I. 1 sr wk Nov
30,113
24,3 47 1
1,216,709
Do (brclis.) 1st wk Novi
14,498
731,200
15,5901
632,041.
Bt.L.lroiiMt.AS. 1st wk Nov 191,055| 161,090 6
6,101,983
St.L.ASan Eran. 1st wit Novi
68,488 2
77,705
2,653,198
8t. Paul A Dui..
18.065
lstwkNov
32,041
919,175
596,866
Bt. P. Mi uu.A M.
1st wk Novi 226,072
127,143 7 ,323,993 3,969.310
Beioto Valley.
4th wk Oct
17,461 j
359,352
14,420
440,938
iSo. P.ic. Cal.
124,772
789,250
Ho So. Div. August.... 1132 4,803
II2
8o.Pac.ofAi-... August.... 11305,991
IU
Bo.Pac.ofN.M. August.... II 83,289
1
South Carolina
115.700
Septemb’r.
847,907
121,360
845,623
Texas A Paeilie. 1st wk
91,873 4 ,017,828 3,298.706
Novi 135,357
Tol. Del. A Burl.
lstwkNov
580,291
797,330
]9.43b|
18,396
Onion Pacific... 1st wk
703.000
Nov
655,000 24 ,972,550 22,797,516
Utah Central.
111,270
Septemb’r.
102,154 1 ,122,276
Vieksb’rgA Mer. October...
50.907
52,767
357,931
^a.
Midland,
lstwkNov
tl7,338
t21,231
ft ab.St.L.A
Pac! lstwrk Nov 376,7921 .307,653 14
12,097,317
ft cst
Jersey
102,930
105,582
834,955
783,875
ftiseonrin Cent! •SeptembT.
October...
78.7824
115.8841
l9-Piorthern
ArUjil}^e8
3,5'>7.500
Cojrn Exchange..
Continental
9.524
181,633
197,836
26,453
450,000
People’s
North America..
Hanover
Irving
Nassau
Market
3t. Nicholas
Shoe & Leather..
217,972
337.812 *'8,290,940 '3,097,887
333.893|
October...
507,2(K)j 4*64.7*32
Septemb’r. j 125,730|
..
1,745,509
13,155
137,544
592.43s
Chatham
1,158,534
937,855
138,4121
Septemb’r.
Septemb’r. 1
355,SOS
302,75
99,571
101,736
♦265.201
109,520
157,516
180,319
■
Circula¬
tion,.
other
than U. S.
*
2,000,000
7,462.00!
2,000,000
or
1,200,000
0.019.500
3,000,000
612.000
632.000
1,000,000
3.265.000
0.0
>7.500
1,033.000
1,000,000
Tradesmen’s....
2,790.000'
1,000,090
19S.40
Fulton
1,’ 80, lOd
600,000
258.300
Chemical
3,18?.70f. 2.910,10.
300,000
Mcrcli’iits’ Exch
4'>3.400
1,000,000
3,321,70.
Gallatin Nation’l 1,000,009
4.304,600
o97.7(M>
Butchers’ A l)-ov
I .('31,160
114 900
300,000
Mechanics’ A Tr
94 4.000
200,(>00
113,000
Greenwich..
1,036.90(1
200,000
21.500
IjCather Mun’f'i-.3.U43.100
43 ?. 500
600,000
Seventh Ward
254 100
300,000
1,111,300
State of N. York.
3.,>70.400
420700
800,000
American Exch
5,000,000 13,020,000 2,236.000
Commerce......
5,000,000 15,68 3.900 1.888.700
5.31 u.i'90
1,000,00''
821.100
Broadway
Mercantile.......
1 ,000,00)
71*5 000
6.955.900
Pacific
3 2.100
2.017,700
422,700
Republic
310 000
5.353,800
1,500,000
-15.066
186,069
*
1.503.001
llP.f'OO
7/1.400
704,000
570.300
6 8>-2 000'
6, >03.100
....
Citizens’
151,00(4
118,218
27,826
7,855
22,8 42
18,276
2,050.000
Union.
America
Phoenix
01 ty.'
....
253,223 1(
October... 1
2d wk Novi
1st wk Novi
1st wk Nov
1,002.127
50,107
276,225
73,3431
493,893
255,278
.A Oliii August....
Norfolk A West.
Northern Cent..
Northern Pacilii
Ohio Central
Ohio Southern..
I
26.481. f
3 15,1): 0 f
310,581 I
368,155 1
1,938,519
1,851,220
433,170
113,385
28,197 L
57.35'
14,963
199,064
8,626
2,197,797
1
72166
73.887
123,010
221,320
239,981
3,368,423
70,923
125,901
...
4,340,852
8.08.3
130,55 5
t23.33f
73,493
4,074 |
.
86.625
*
Net dep'ts
Legal '•
Tenders,
Specie.
9/hS.00t
2,000,00b
Manhattan Co..
Merchants
Mechanics’.
«
hi
*
New York
1,80,9.33
.
g.
Loans and
9,822,371
10,776
9,‘2l< 61
309,303
350.030
28.59 s
17,226
775,051
818,521
October..
426,50< >| 414,189
Octxil>cr.. .}2,40'M)0( 1X2,507,957 21,400,17(3 19,570.949
116,021J|
112.0.35
1st \vk No v
IstwkNo' c
52,742 2.852.108 2.3*20,35*9
74,64
1st wk No)kl 175,48( 3
153,501
0,861,720 6,392,109
Hcptemb’c 2.186.40! > 2,262.981 5,053,879 15,423,831
1st wk Not |
42,82i |
37,112 1,518,050 1,380,977
Wk.Nov.l l
53,3 0 d
38,856 1,805,149 1,319,209
)
lstwkNoi | 493,00(
379,415
13,981.00:
lst\VkNo\ J 55 1,501 f
486,202
18,400.890
e
4.w(Dl
Average amount of
dim. aunts
IstwkNo V
ic
Capita*.
621,213
.
1,6 12,631
91.76 3
69,8*2 51
W. Septemb’i
ro. IstwkNo V
iis 4th vrk Oc
New York City Bipiks.—The
following statement shows the
condition of the AasoeUted Biaks; of jtfew York
City forth®
week eadimrat the coinmenoem^nt of business on Nov. 11:
:
29
101
....
THE CHRONICLE.
674
[Vou XXXV.
men ts
-
$904,183, a decrease of $35,973.
AND
$9,515,
STATE, CITY AND CORPORATION FINANCES.
The Investors’ Supplement contains a complete exhibit
Funded Debt of States and Cities and of the
of the
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 without extra
charge to all regular subscribers of the Chronicle. Single copies
are sold at $2 per copy.
ANNUAL
Operating expenses and taxes
Excess of income
Premiums, iuterest and other income
$363,509
226,944
23,956
$714,898
491,112
$614,410
413,019
$223,784
$201,390
$223,784
200,000
follows:
1880-81.
$201,390
200,000
•
$1,390
3L7,669
$23,784
’$319,060
Surplus
$4,691,468
Dividends declared
$435,409
253,885
25,6o4
Balance beginning ot year
$8,681,968
Interest accrued
1881-82.
Dividends, 10 per cent
296,975
2,210,617
1880-81.
1880-81 and 1881-82 was as
Net earnings..
$8,384,993
^
Total net.....
1881-82.
The result of the years
‘..$19,043,890
10,658,896
Earnings
EARNINGS AND EXPENSES.
Net earnings
decrease of $36,808.
Pittsburg & Western in close communication with the Wabash
system at Toledo.
Chicago Milwaukee & St. Paul.—The annual report for the
iscal year ending June 30, 1882, to the Wisconsin Railroad
Commissioner shows the following for the whole line :
Naugatuck.
{For the year ending September 30,1882.
The following is from the report just issued:
Expenses
income
yeav ia
Buffalo Pittsburg & Western.—A Buffalo dispatch says that
Uhe Buffalo Pittsburg & Western Railway Company have
decided to extend their line from Brocton to Toledo. Whether
the road is to build the Toledo extension entirely on its
own account or
in connection with some eastern line is a
matter of conjecture.
Nothing definite can be stated now
The new line will be about 247 miles, and bring the Buffalo
REPORTS.
Freight
Passengers
Mail, &c
a
The surplus for the
$6,902,085
Total
Surplus
Miles of road
Tons of freight
1
carried
Passengers carried
$1,779,8S2
4,324
4,857,173
3,579,103
Columbus Chic. & Ind. Cen.— In the United States Circuit
Court, at Chicago, Nov. 15, Judge Drummond rendered a final
decree for the sale of the Clev. Col. & Ind. Cen. Railroad
a foreclosure mortgage.
The indebtedness amounts to
$14,000,000. The decree stipulates that the road must be
sold in its entirety and for not less than $13,500,000.
Connecticut Central.—The report of the year’s opertions of
this railroad by the New York & New England road which
leases it, showed a net loss of $524 for the year. The interest
under
over
$319,060 on the first mortgage bonds has not been paid, the terms of
earnings of this year show an increase of over the lease not requiring the lessee to pay the interest unless the
sixteen per cent over those of the previous year, while the net road earns it.
earnings, in consequence of permanent expenditures for in¬
Danville Olney & Ohio.—At Springfield, Ill., Nov. 14, Mr.
creased business facilities required by the increased service, do James A. Eads, of Paris, filed a bond as receiver of the Dan¬
not produce a corresponding increase.
They have been suffic¬ ville Olney & Ohio River Railroad. Mr. Eads will at once
ient to meet our taxes and pay our usual dividends and leave a inspect the road and report to the bondholders the amoonfc of
moderate amount to add to the surplus of the company. The money necessary to put it in operation. It has no rolling stock
tendency to diminished rates, increased cost of service, and in¬ nor supplies, nor have trains been run upon any of its 110 miles
creased equipment and other business facilities, prevents any for two weeks.
material increase of surplus account.”
Des Moines & Fort
Balance to credit of profit and loss, Sept.
“
30... $342,844
The gross
CONDENSED BALANCE SHEET SEPT.
e
Assets*
Const’n aud equipm’t...$2,137,570
Stock and bonds
12.600
30,000
Real estate
Miscellaneous accounts.
69,552
Materials on hand
39,964
30, 1882.
.
Liabilities.
Capital stock
$2,000,000
32,109
Sundry R. R. accounts.
1,547
Sundry hook accounts.
37,727
September expenses...
Profit and loss
342,845
'
124,544
Cush
$2,414,231
$2,414,231
Savannah Griffin & North Alabama.
(For the year ending Sept. 30, 1882.)
operations of the road for the year ending September
30th show earnings :
The
1881-82.
1880-81.
$58,716
17,827
From freight
From pasHengcrs
From mail
Total earnings
$54,310
2,570
,24,336
2,570
$79,113
$81,216
Total expenditures
64.128
73,086
Leaving net
$14,985
$8,130
The large increase in expenses during the past year
accounted for by the expenditures for new rails, completing the
rock abutments at Chattahoochie River bridge, completion o~
the Carrollton warehouse, &c., &c., making a total for extra¬
ordinary expenses of $31,110.
30, 1882.
Capita! stock
GENERAL BALANCE SEPTEMBER
Construction
Po8t-oftice
Expenditures
“Bills receivable
Miscellaneous
$1,606,663
643
73,086
2,920
1,455
27,466
Cash
Bonds
Interest certificates
Earnings
Profit and loss
Central Railroad
$1,010,900
....
500,000
1,343
81,217
109,568
9,205
$1,712,233
$1,712,233
Dodge.—This road was opened to
the northern Iowa line of the Milwaukee & St.
The extension built extends from
Paul road on Oct. 11.
Ruthven
GENERAL INVESTMENT NEWS.
on
Dodge northwesterly fifty-six miles in the direction of
Spirit Lake. The total length of the road is now 143 miles,
besides the branch now building at Angus to the coal fields.
East Tennessee Virginia & Georgia.—The annual meeting
of this company was held at Knoxville, Tenn., November 8.
The only change in the present directory was the substitution
of J. M. Johnson for T. G. Barrett, resigned. The stockholders
accepted the Cincinnati & Georgia Railroad, running from
Macon to Rome, which was completed last month and is 178
miles long. The annual statement for the fiscal year ending
June 30,1882, shows: Gross revenue from 900 miles of road,
excluding that from portions under construction and in hands
of contractors, $3,145,482; expenditures, deducting material on
hand, $1,862,022; net revenue, excluding that from divisions
under construction, $1,283,460; surplus, after paying interest on
first mortgage and income bonds, $162,000; passengers trans¬
ported, excluding those on Macon & Brunswick division, 528,403;
tons freight, excluding Macon & Brunswick division, 916,000.
The entire line has been put in a safe condition and improve¬
ments will be made in replacing iron bv steel rails, and wooden
by iron bridges. During the year 8,700 tons of steel rails were
laid# making 333 miles laid with steel, exclusive of 178 miles of
the Cincinnati & Georgia division, and the Knoxville & Ohio
division, which are all steel. A commodious wharf and a ware¬
house have been built at Bruswick, Ga. “The condition of the
country traversed by the road has greatly improved during the
year. The coal and coke industry has increased materially
along the line of road, and immense returns from the develop¬
ment of mineral resources and manufacturing interests are
expected in the near future.” During the year the Shenandoah
Valley road was completed to a connection with the East ien*
nessee at Roanoke, and a tripartite- agreement made between
the East Tennessee, Shenandoah Valley and Norfolk & West¬
Fort
ern,
giving a through line to the East.
The North Carolina
connection with the Western North
“A careful estimate of the gross
earnings for the ensuing year, including the revenue to he
their road to the'Midland (N. C.) Railroad, represented by W. derived from the Cincinnati & Georgia and Knoxville &W??
J. Best, of New York.
divisions, is $4,000,000. The Knoxville & Ohio division will oe
Boston Clinton Fitchburg & New Bedford.—The report for completed in January to a connection with the Kentucky cen¬
the year ending Sept. 30 to the Massachusetts Railroad Com¬ tral, giving a direct line to Cincinnati.” The equipment ha
been increased by about 1,000 cars and 30 locomotives, but tn
missioners gives the following:
General Manager telegraphs that in spite of this increase, tn
1882.
1881.
Total income
$439,054
$401,498 company doet not possess sufficient equipment to provide t
Total expenses
44,473 the
53,573
freight offered, so great has been the increase in business.
Net income
Galveston & Eagle Pass.—The trustees of this company
$385,481
$357,024
Rent Lowell & Framingham
36,759
35,000 announce in London that they will receive subscriptions tor
Interest account
206,236
211,427
issue of $2,000,000 of six per cent first mortgage bonds, at
Dividends
96,255
142,236
248
14,341 per cent, being part of a total of $4,200,000. Forty miles
Surplus
Atlantic & North Carolina—Midland.—At Raleigh, N. C.,
November 11, the stockholders of the Atlantic & North Caro¬
lina Railroad Company met and declared forfeited the lease of
,
.
,
division was opened to a
Carolina road May 9, 1882.
November
THE
18, 1882.J
CHRONICLE.
57 5
"
a
are
already completed and ready to receive the’rails, The
debt w stated to be $12,003 per mile, and Jthere is a
jandgrant
of nearly 4,000,000 acres.
satisfactory that
_
at
accepted the proposition, and I
once
Farmers* Drovers’Bank
Demand loan
Hannibal & St. Joseph—The annual meeting of the stock¬
holders of the Hannibal & St. Joseph Railroad Company was
held Wednesday in New York. This was the first meeting of
stockholders since the recent purchase of the road by the Gould
$50,000
;
31,000
National Bank Commerce, N. Y
90,000
35,000
32,278
Jesup, Patou & Co
Cambria Iron Company
The following board of directors was elected : Jay
J. Gould, Russell Sage, Solon Humphreys, Sid¬
ney Dillon, F. L. Am*s, John Bloodgood, Myron P. Bush and
William Dowd. Mr. Dowd was re-elected President and Russell
Sao*e was made Vice-President. J. A. Hilton was chosen Secre¬
tary and W.J. Hilton Treasurer. Various schemes were disru9sed for extending the company’s lines, and making combina¬
tions with other Gould roads, but no plaus were decided upon.
Illinois Central.—At the regular monthly meeting of the
board of directors, on Wednesday, the proposition for the dec¬
laration of a scrip dividend was referred to a committee for
thorough consideration and recommendation, and it is expected
the committee will reoort in two or three weeks.
Indianapolis Dec itur & Springfield.—Under the reorganiza¬
tion scheme of the Ind. Dec. & Springfield Railway Com¬
pany, the second mortgage bondholders about a year ago were
syndicate.
Total amount of floating debt
Gould, George
$233,278
President Standiford says this debt
one
be reduced nearly
half by assets now in the company’s hands, and urges the
can
stockholders and directors to have the debt
liquidated
as soon
possible, and that it can be readily liquidated, if the stock¬
holders so desire, by the issue of a limited amount of either
common or preferred stock to be offered to the stockholders at
as
a
fixed price.
The line of road is
as
follows
From New Albany to Michigan
From Chicago to Indianapolis
From New Albany to Louisville
:
Miles.
288
City
185
6
Total number of miles
479
“
This entire system of
best class of rolling stock
roads is splendidly equipped with the
and equal to that of any road in the
West, with a bonded debt of only $5,300,000, a capital stock of
$5,000,000, representing not more than one half its actual cost,,
and with a steady increase in percentage on both gross and net
earnings. I would recommend that, at the proper time, steps
be taken to increase the capital stock of the road, in order to
represent more approximately the intrinsic value of the prop¬
erty. I believe this is due to the stockholders who have in¬
vested their money in this property, and especially as the
bonded debt upon the entire property is so small and does not
offered the privilege of converting their bonds into preferred
funding their matured income coupons into new 5
stock and
cent 2nd mortgage bonds. The earning capacity of the road
not equal to earning the $200,000 annual interest on the
old seconds. The legality of the issue of preferred stock has
been questioned under the Indiana laws, and the success of the
reorganization scheme has not been on this account as satis¬
factory as had been expected.
Bondholders have claimed that
the ola bonds were a better security than the new 5 per cents and
the preferred stock, now that the road is leased to the Indiana
Bloomington & Western at a guaranteed rental of $200,000 a
year. This rental, after the payment of the $120,000 interest on
the 1st mortgage bonds, will leave $80,000, or nearly 3 per cent
for the second mortgage bonds.
In consequence of the hitch in the reorganization R. L. Ash¬
worth and George Walker, trustees under the old second
mortgage, have at the request of the requisite number of
bondholders formally taken possession of the Indianapolis
Decatur & Springfield road, subject to the lease mentioned
per
was
i,
we
herewith present the contract for your approval.”
The floating debt November 8, 1882, was as follows:
represent more than one fourth of the actual cost of the road.
conclusion, I beg leave to state that that portion of the road,
nearly one hundred miles in length, reaching the city of Indian¬
apolis, will soon be ready to be turned over to the company.
This division of the road will certainly greatly increase both
our gross and net revenue, passing as it does
tnrough the best
portions of Indiana and reaching Indianapolis, and making the
short line between that city and Chicago, and also makirga
good line for Cincinnati business. Therefore we can reasonably
look for an increase of at least 33 1-3 per cent on our present
volume of business, and these profits will all accrue to our
stockholders, as not another dollar on account of the competi¬
tion of the Chicago and Indianapolis Division will be added to
our fixed charges, as
this has already been included in our
In
above, under the fourth clause iu the old second mortgage.
The object of this step is to allow the trustees freedom of
action in
calling stockholders’ meetings and taking such action
secure a revision of the reorganization
scheme. No definite policy has been decided upon, but it is other fixed charges.”
probable that the preferred stock issued will be re-exchanged
Manhattan Elevated—Metropolitan.—The organization of
into the old second mortgage bonds and a new proposition
the Manhattan Railway Company was completed by the re-elec¬
submitted for their readjustment. It was deemed necessary to
tion of the former officers—President, Jay Gould ; Vice-Presi¬
a void all possible
questions at law regarding the status of the dent, R. M.
and Secretary and Treasurer, D. W.
company’s new securities. There is only a small amount of McWilliams. Gallaway;
It is understood that nothing was done at the
common stock of the
company outstanding, which, if it can be
provided for by some arrangement which will extinguish it, meeting which affected in any way the relations of the com¬
pany with the Metropolitan.
will remove all legal doubt concerning the
preferred stock
—In the injunction suit of the Manhattan Railway Company,
issue.—JV. Y. Tribune.
against
the Metropolitan Company, in the Supreme Court,
Indiana Illinois & Iowa.—It is reported that the Indiana
Chambers,
Judge Donohue on Thursday granted anew prelimi¬
Illinois & Iowa Railroad, which is now completed between
nary injunction, and made the order to show cause returnable
Momence and Streator, is now pressing east, its objective point on
Monday next. The new injunction is directed to S. H. Kneebeing Plymouth, where it will connect with the Pittsburg Fort land and the other directors of the Metropolitan Company who
Wayne & Chicago. At North Hudson it will cross the tracks were elected on Nov. 8.
of the Pan-Handle and the
Chicago & Atlantic, and at Knox¬
—In the suit ot Kneeland and others vs. Sage, Gould, Dillon
ville the Nickel-Plate. It is
expected to reach Plymouth early and others, at Rochester Nov. 10 it was ordered that all pro¬
next season, after which the western extension will be
pushed ceedings on the part of the plaintiffs be stayed until the hear¬
to the
Mississippi, and thence to Council Bluffs. From Streator, ing and decision of the motion made Nov. 9 to strike out parts
jt is said,Soa far
project
is being canvassed for building a road to St. of the complaints mentioned in the notice and affidavit. The
Paul.
as known, the line will ran from Streator
to
complaint will be moved in special term Nov. 27.
tlinton, where it will cross the river; from Clinton it will pro¬ plaintiffs’
—The World gives the following statement of earnings and
ceed northwest,
passing through Anamosa, Iowa, and Win- expenses, excluding taxes, for ten months ending Oct. 3i, 1882,
throp, on the line of the Illinois Central, and thence northward of the New York and Metropolitan elevated railway companies :
tost. Paul. It is stated that at
NEW YORK ELEVATED RAILROAD LINES.
present all tlfe bonds of the
new road have not been
Third Avenue—
placed.—Boston Advertiser.
Gross earnings
$2,293,960
Louisville New Albany & Chicago.—At the quarterly meet¬ Operating
expen st s
1,261,558—$1,032,402
ing in New York City, this week, President Standiford submitted
Ninth Avenue—
a
$450,248
report of the operations of the road since July last, and from Gross earnings
“
Operating expenses
307,687
142,561
the following/ The earnings were given in last
Week sextract
Chronicle. The fixed charges are summed up as follows: Net earnings New York lines.
1,174,963
as
is necessary to
.
First mort^e gold
bonds, $5,300,000 at 6
Rpnt.n18t koudsjust
issued, $600,0;0 at 8
Purchase
money on the
t
per
$318,000
cent
per ceut
Chicago terminal, includ-
T-nn&il-n
fun(l for liquidating the same
Tmiilf.y1
I'k*New
Albany branch, rental
uianapolis
48,000
90,000
freight terminal and Indianapolis Union depot...
3,500
11,000
upon the whole property, consisting of 479
r°ad, including interest and purchase money on the
PiVj^°^ermiual,
per annum
$470,500
**ea
charges per month
39,208
Cnn^
C0n^ract Fas been made with
*Paa7 by which that
Vin
rac^
the Pennsylvania Railroad
agreed to make a double
Pa-ilroad first class, from the junction of our road at
Street, New Albany, to the Louisville bridge, for
company
w^.cfnnes
vear7 °mi rentab extending through the space
fo
/ Wlb be about $3,500 per annum, whereas
of ninety-nine
it has hereto-
j-
^
Interest
BalaU
.-1
on
cn I
.i
rrt 4
504,714
bonds and rental
$670,248
*
METROPOLITAN ELEVATED RAILWAY LINES.
Second Avenue—
Gross earnings....
$584,658
Sixth Avenue—
Gross earnings
_
.
^
-
$1,693,961
Operating expenses
l,050,12o—
Net earnings Metropolitan lines
Interest on bonds and. rental
Interest on loans
$649,609
15,108—
Balance
Net both companies
Balance both companies.,
Marietta & Cincinnati.—More
^
$106,670
477,987—
Operating expenses
643,835
750,506
664,717
$85,788
$1,925,469
756,037
than 95 per cent of
the
tn cost*a£ tbe rate of about $30,000 per annum, thus creditors and stockholders of the Marietta & Cincinnati Railroad
$500 Onn °Ur comPany
the rate of 5 per cent the interest on Company have assented to the terms of the reorganization plan,
our company to have built a but the committee has decided to allow others to come in who
branch ’ ^ was ^e PurP0Se
cost ^n°ai*
some dgbt or nine miles long that would have may apply and pay the assessment before December 15. The
yj„
but in negotiating with President Roberts and road will be sold under foreclosure on December 9.
agreefirf81^en^ McCullough of the Pennsylvania Railroad, they
Memphis & Little Rock.—In our reference last week to the
Use th *
raa^e from
a contract with our company, permitting us to
0lr tracks
New Albany to Louisville upon terms so action brought to foreclose the mortgage in this case, we in no
savin
576
TEECHROMOLE.
intended to endorse tlie company** claim, urged in
defense of the foreclosure proceedings, to the effect that the
manner
15
tv°i- xxxv.
Walston H. Brown and Wm.
of the
new owners,
but
no
Fleming, who resigned
in fav
other business of consequence
w*1
mortgage was void because the company had no power under transacted. The Times says : “A gentleman who was present
the charter to issue the bonds.
We merely stated as a matter at the meeting said the question of terminal facilities
either a*
of news that the case had been submitted to the Court, and that Buffalo or Chicago was not discussed. Gon. Devereux
stated
that was the question raised by the defense and to be decided that the‘Nickel Plate* would be run as an
independent road
bv Judge Caldwell. The argument of the plaintiffs has since that it was bought by gentlemen interested, in the Columhn«
tfieu been* given us with the request that we publish it. We Hocking Valley & Toledo and the Cleveland Columbus
Cincin8
eannot make room for that, but will state for the information of nati & Indianapolis Railroad, and would
naturally run in con'
the bondholders that the plaintiffs controvert this position of nection with them and would form a
through line with the
the defendants skilfully, and claim to feel sure of a decision in Wabash system and the roads centring in
Chicago and running
their favor.
Mexican Railroads.—The’proposition made by the Mexican
Southern Railroad for a combination of that road with the
Mexican Oriental read has been disapproved by
President
Gonzales. * The Government appears disposed to grant a sub¬
vention for the Oaxaca branch of the Mexican Southern road.
east from Buffalo.
When asked what truth there
was
in th-
report that the purchase was made for Vanderbilt, Judge Burke
said the road must necessarily be operated in opposition to
the
Lake Shore and Canada Southern, as well as the
Pittsburg Fort
Wayne & Chicago and the New York Pennsylvania & Ohio
while, at the same time, it need not be used to wage war upon
them. A payment of $1,000,000 will be made on the
purchase
of stock December 1, and a payment of $1,000,000 on the
first
of each of the succeeding three months. It was said
yesterday
Michigan Central—Canada Southern.—The Post of Fri¬
says that the directors of the Michigan Central Railroad
and of the Canada Southern Railway Company had a joint
that Gen. Devereux was to be made President of the road.”
*
meeting Friday morning at the Grand Central Depot to consider
New York & New England—The Railroad Commissioners of
the proposed lease of the latter to the former company. The
lease, which is a long document, was read and discussed in Massachusetts have rendered a decision against the New York
parts. All substantial points were agreed to, but minor mat¬ & New England Railroad Company, in the matter of discrimi¬
ters require further alterations, so that the lease was not for¬ nating rates in favor of Worcester, Mass., against Norwich
mally agreed to. There is, however, said to be no doubt Conn., and the Boston Journal says of the decision: “The
that it will be agreed to at another meeting to be held soon, broad question of the right of a State to enact laws affecting
probably within a day or two. The directors of the Michigan commerce between the States at once suggests itself. There
Central require no further authority from the shareholders; of can be no question of the intent of the law” which was framed
that company to make the lease, but in the case of the Canada for the distinct purpose of being applied to freight coming
Southern the action of the directors must be approved by a from other States. Through freights from the West were lower
vote of two thirds of the shareholders, who will meet at St. to Boston than to Springfield, Worcester and other intermediate
Thomas on the 30th of this mopth to vote on the subject.
points, and dealers at these points wTere obliged to pay the full
Boston rate added to a high local charge. To prevent this un¬
Milwaukee Lake Shore & Western.—Since July last the
just
discrimination the law was framed. As to its validity, it is
net income of the road has been 3M per cent on its preferred
established by the decision of the United States Supreme Court
shares, or equal to about 8 per cent per annum.. The company in the case'of Peck
[against the Chicago & Northwestern Rail¬
will pay advidend in January on. its preferred stock, and pro¬
way, involving the constitutionality of what was known as the
vide for future dividends of
per cent quarterly.—Indicator, Potter act.”
Milwaukee & Northern—Chicago Milwaukee & St. Paul.——It is reported that the present route of the New York & New
It Is said in Chicago that the report that the Chi. Mil. & St. P. England Railroad, by way of New Haven and the transfer
is about to buy the Mil. & North. Road is generally discredited steamer Maryland, will be abandoned, and that it will run the
in railroad circles ; that good offers for the line have been made through express over the whole length
of the New York & New
by other parties, but declined, and that the Mil. & North, claim England Road to Newburg. There the train will be ferried
to be doing an excellent busiuess, with a prospect of a
large in¬ across the Hudson, and then the cars will make their way to
crease when their present and projected improvements are the Pennsylvania road over the
Newburg.branch of the Erie.
completed, and they have no desire to sell.
New York Texas & Mexican.—A dispatch from San Antonio,
Mutual Union Telegraph.—Application was. made to the Tex says That this company has purchased 4,000,000 seres of
Attorney-General at Albany this week by W. H. Cameron and land in Pecos, Tom Green and El Paso counties for the purpose
Jay Gould for the commencement of an action against the of locating colonies and for speculation.
Mutual Union Telegraph Company to vacate its charter and
New York West Shore & Buffalo.—1The Chenango Valley
dissolve the corporation, upon the grounds that the company
Company
has been enjoined from interfering with the New
has unlawfully issued $10,000,000 of capital stock, when the York West Shore
& Buffalo right of way. Iu the application
authority conferred upon it by law to issue capital stock was for the injunction, Mr. Gardner, an officer of the West Shore
limited to the issue of $1,200,000, and that about $5,000,000 of
affidavit that the company has already ex¬
the bonds of the company have been issued in payment for the Company, made an
pended
over $30,000,000 in the construction of the road.
construction and equipment of lines cf telegraph worth about
Northern Central.—The directors of the Northern Central
$3,600,000, and substantially the whole of the $10,000,000 of
confirmed the lease of the branch road extending from
have
stock has been fraudulently issued in connection therewith
without any payment or other adequate consideration for said Rockville, on the Pennsylvania Railroad, to Dauphin, on the
stock to said company. The Attorney-General has cited the Northern Central Railroad, by the former company to the latter.
Northern Pacific.—Mr. Oakes, Vice-President, reports that
Mutual Union to show cause before him on Tuesday evening
410
miles of road (310) on eastern side and 100 on western side)
next, at Albany, why the application should not be granted and
have
been completed since January 1, 1882, and by January 1,
proceedings commenced.
1883,
only 310 miles will remain unbuilt. Of branch lines there
Nashville Chattanooga & St. Lonis.—The following is a
have been completed since January 1,1S82, 253 miles as fol¬
statement of
receipts and expenses for the month of October, lows: Little Falls & Dakota, 88 miles; Northern Pacific Fergus
And for four months ending Oct. 31 in 18S2 and 1881:
& Black Hills, 83 miles; Fargo & Southwestern, 44 miles, and
01c(»
Tuly— Oct. (4 mos).—, Jamestown &
Northern, 38 miles. The following is a state¬
1882.
1881.
1882.
Mtteipls—
1881.
Passage
$50,709
$46,358
$188,250
$188,113 ment of earnings and operating expenses from July 1 to Sept.
114,065
Freight
117,751
443,263
454,371 30, 1882, compared with the same period of the previous fiscal
Mhils.
3.621
3,624
14,496
14,496
day
,
—
,
Kents anti
8,235
privileges..
,—
8,074
32,605
$180,319
$172,121
$67S,614
$670,848
$26,575
$27,537
28,215
$110,645
13,872
27,052
11,687
$114,376
101,070
26,833
33,793
48,313
103.118
7.216
8,051
29,994
$102,711
$103,120
$396,871
$410,949
$281,743
$185,668
$259,899
ISxpenscs—
Maintenance of way..
Motive power
Maintenance of
cars..
.
Conducting transp’t’n.
General expenses
Surplus
over op. ex..
.Interest and taxes...
$77,608
$64,000
$15,723
$46,577
New York Lake Erie & Western.—At a
board of directors on Thursday, President
.
,
13,868
108,029
48,508
^113,861
29,906
$182,629
meeting of the
Jewett made the
following statement relative to the results of the operations of
ending September 30, 1882 : Gross earn¬
ings from traffic, $19,973,773 ; decrease from previous year,
^139,831; working expenses, $13,088,093; decrease from pre¬
vious year, $168,136; net earnings from traffic, $6,887,6S0 ;
the road for the year
decrease from previous year, $571,695
percentage of operating
expenses, 65/2 per cent; increase over previous year,
per
cent ; earnings from all other sources, $7S0,655 ; decrease from
previous year, $63,650; total earnings from traffic and all other
Bowrces, $20,756,428 ; decrease from previous year, $803,482 ;
Bmrplus earnings for year, $1,166,642 ; decrease from previous
;
jw, $720,775.
New York Chicago & St. Louis.—The board of directors
met Tuesday for the first time since the Tecent purchase of the
>perty by the “Western syndicate/’ Gen. Devereux and
re Burke were elected to seats in the board in place of
year:
Gross earnings
1882.
1881.
Increase.
$2,194,120
$1,333,368
$660,751
Expenses, incl. rentals and taxes. 1,297,535
Net
earnings
$896,585
Approximate gross earnings, October
Since the close of the fiscal year the land
pany to October 31 have been as follows:
770,587
526,947
$562,780
$333,804
834,460
sales of the com¬
240,074
Acres
Amount...
Town lots.
-$894,719
33,873
$928,591
Total..
Ohio & Mississippi.—The following is the report of
Receiver of the O. & M. for October 1881 and 1882, made to
U. S. Court:
RECEIPTS.
1881.
$187,655
442,292
From conductors
From individuals, railroads, etc
From Adams and American express cos.
From General Post-ollice Department
6,553
42,734
822
Cash
on
the
1852..
$245,621
529,129
11,112
40,508
1,403
25,032
$680,056
$853,065
$253,310
$32!,132
123,143
135,993
162,605
103,407
$680,056
$853,065
DISBURSEMENTS.
Coupons due October 1,
Coupons due May, 1878
the
140,000
70,000
'
the
18, 1SS3*1
NOVEHiTEK
RAILROADS
MASSACHUSETTS
*
■
ending September, 30, 1881 and
J
ihsSLh
.
'
tlie returns made to the Massachusetts State Railroad Commissioners t*he following* statistics have been compiled:
,
,
*
‘
*
prom
.(For. the
IN
\
years
'
v
*
/
-Providence <£ Worcester.—.
A ssets.
1380-81.
(
instruction account
Equipment......1
assets
Frolltand loss balance:.-.......
Total cash
1881-82.
-
$2,395,520
839,518
744,594
6c3,96J
,—Connecti cut River;—*
1880-81,
1881-82.
/T
$2,45'*’,611
3 50,209
987,574
241.933
713,4 4>
533,650
$7,764,127
$7,0( 0 009.
963,700
(;(»1,,741
$1,503,610 $1,560,182
$3,156,530
$3,882,480
$19,951,891
$_\500,000
1,212,000
$2,100,000
$2,370,009
$1,997,600
13,621,005
Post R. ir ~h it- Lynn
1880-31.
188i-82.
^
..
1,018,690
$149,275
$583,799
102,274
81,592
158,509
30,634
$836,910
$374,850
$419.400
$188,800
350,000
10,951
350.000
91,536
780,082
9, (j 67,095
Total assets
.
r—PaSl itn i.
1880-81..
1881-82.
:.
,
$3,077,053 $3,1.87,014
-
-
....
.
1
W
*
*
'
,
$20,034,515
Liabilities.
CflfiiUd stock
Funded debt.
* *
Unfunded debt...
Profit and loss biilaiVyO......
-
$2,500,000
$4,997,600
13,621,005
1,112.910
677,741
8iJ3,0;>l
1,242,000
459,711
356,411
673,839
629,901
$-32,591
$-1,503,610
$1,560,182
$3,450,500
$3,882,190
$ 10,051,891
$1,1 47,515
8 36,015
310,898
$326,161
$868,013
<615,505
$3,091,273
$3,403,079
1,969,672
1,124,000
218,330
2,292,968
MlO.ilO
2 L 8,3.10
459.9,7
-•
............
Total liabilities
General exhibit for the year.
Total income
—.... $1,037,671
........
1.330,266
*
*
.
:
:
J
*
,
‘
1
56,650
‘
$20,034,515'
41,5tl
•
$830,910 $974,850
.
Total expenses
736,211
303,457
19,0^0
(including taxes)........
accrued
Dividends
Interest
Analysis of cannings.
local passengers
...
'Through do. (to ai.d from other roads)
303,651
33,688
678,833
8S2.591
9,667,695
$293,781
$334,407
$211,678
97,087
88,153
$235,728
119,365
$1,407,6CO
17,018
18,104’
120,675
15,390
: 11,288
3-i3,08i
203,369
72,446
48,874
1,732,351
126.731
327,653
1,020,278
454,336
837,407
30,546
1,298,449
3,030,799;
$308,013
$3,091,273
$53,243
$60,614
60,535
.
and extra baggage
Total passenger
Local freight
19,027
15,335
168,000
19,920
Through do. (to and from other roads).
444,092
431,741
359,822
499,561
189,924
621,666
196,432
1*140,985
6,529
131,538
307,979
429,567
799,360
26,771
$1,039,071
$1,147,515
$826,161*
$32,816
$35,743
32,063
$50,481
42
1,139
i
4,268
..i..
<
5,818
Analysis of expenses.
Taxes
General salaries
25,823
0,493
4,016
65,742
(258)
(1*078)
24,567
25,50)
.
insurance
Telegraph
Repairs of roads
Irou rails (tons)
Steel rails\tons)
yew ties
Repairs of buildings....'
Repairs of locomotives
Fuel, locomotive power
Total (with other items)...
i
695,933
1,033,853
Totalinoome, all sources.,.;,
13,779
24,312-
271.711
i
cars
124,879
40,825
1 19,475
’20.2*80
21,000
29,358
6,874
!‘A813
44,514
t*
56,056
....
roads
1
$104,388
$171,704
$03,221
$6,305
$7,820
51,3(>8
7,900
6,392
7,394
1,126
34,704
24,357
87,849
145,631
287,190
82,949
$830,617
$590,110
$615,595
(1,695)
34
31
13
933
1,103
470
3
5
5
*0228
*0287
*00746
.*0224
*0326
•0212
•0215
•0260
•0066
•0212
•0303
-0230
■0278
31
40
0
.
37
40
17
429
45
•03’
•0313
*0063
*0252
•053
*025
1
118,118
172,117
290,886
80
162
1,313 bj
94
0
(nearly) -03
*01193
•
•0256
19
l
4
83
171
*40
*0085
•0.1931
•03023
•01217
‘
500
1,374
'
-
267
5,534
(275)
1,38 >
4,004
5,18 !
Ji.
3,593
*
*
Ml
»
1
•
,t ■.
‘
*i*
*
1
tj
28
■
'
1
$124,879
: i
!*!■
20
••
’
■
8,554
13-.266
:
$117,033
.if
*
72
4
247
9,275
10,542
$2,292,907
40
480
•0263
-
Owned, Ifsed. Owned.
19
0
2
•0295
•0093
•0248
•0530
929
,41,284
.
$2,61S,591
Used.
31
30
11
159,319
.,
$3,408,077 !
189,307
(835)
(1,991)
33,629
1G3,4U
5
.163,411
8.203
33,937
33,533
.
5'0Gi*
4,919
(625)
*.
’
91,109
54,274
103,336
(427)
19,795
<4
3,360,017
63,801
82,786
•
1,89.V,0GO
\
153,319
1,095,751
297,945
985
70,784
'
‘
69,953
37,452
■
.
5,2Q3
3,093
74,519
63,090
1,005,05.7
89.327
(271)
$154,430 $158,002
227,913
-..
279.169
Average rates per mile.
For local passengers
From all passengers
Local fivight per ton
Freight, to an from other
From all freight
,
$1,539,345
17,366
15,817
32,601
30,120
83,493
cars
Passengers to and from other roads
$171,704
47,355»
>
»
21.7,34 L
9,037,653
-
.
*
074,439'
)
*{
?
.;
,
29.183
3,124
1.721
(1.007)
23,198
42,983
37,545
$736,214
Locomotives owuea
Other
.
604,558 ’
’
Equipment.
Passenger cars
Baggage, mail and express
Freight ears (eight wheels)
‘
28,205
168,<i00
36.233
14,999
4,299
412,186
department
Total freight departmen t\
Total transportation earnings
Income, all other sources
'
1
;
$164,388
117,033
‘
1
From
Express
252,419
87,058
150,000
54,759
353,411
i
120.000
20.693:
Surplus for year
.
19.0SO
143,683 A
,—
590,in#
236.051
*
'•
,
•
■■
4’
14.
•03
•01312
•’00823
•0233
•01881
0260
,
;• it
•
’
*035
•0101
•0753
*03,30
•0104
•
•0206
•03023
•01169
•02035
-
Oregon Improvement Company.—This
company is reported
Richmond & Danville.—:The directors of the Richmond &
cent preferred stock, for Danville Railroad Company met this week in thig city, and, after
the purpose of paying its floating debt.—KiernarC s.
a full discussion and through examination of the affairs of the
company,
decided it would be inexpedient to declare a dividend
Railroad Construction (New).—The latest information of
for the past quarter; but the interest on tlie income debenture
the completion of track on new railroads is as follows :
bonds, due April 1, 1883, was ordered to be paid. The company
Addison & Northern Pennsylvania.—Ooirtpletrd from Addison, N. Y.,
paid the interest due on these bonds last month. Colonel A.
southwest to Westfield, Pa.. 2t3 miles. Gauge 3 feet
S. Buford, President of the,company< said to a World reporter:
Chicago & North western.—The Correetiouville branch is extended from,
to be about to issue
$1,503,000 of 8
per
“
After a consultation lasting several hours we determined that
City la., west to Maple River, 7 miieis.
The Sioux Rapids braueh is
extended west to Hawardon, Ia.,'35 miles.
; it was for our best interests to pass the dividend for the last
Chicago & West Michigan.—Extended from La Porte, Ind., south brt quarter. ' The Toad is doing more business and earning more
west to La Crosse, 22 miles.
Past Tennessee Virginia <& Georgia.—The Ohio' division has track laid money than ever before in' its history; The net earnings in
for 22 miles north of
Carey ville, Tenn., an extension of 12 miles. Gauge: October were sufficient to pay the Quarterly dividend, but we
5 feet.
wish to put ourselves ; on .The firmest financial, standing, and
Maryland Central.—Extended from Loch Raven, Ind., north to Glcn-i therefore will use the
surplus in paying off the floating debt
axon, 4 miles. Gauge 3 feet.
, 1
Eureka Springs.—Track laid froui Seligman, Mo., oast by .South to; and making such additions to our properly as will enable us to
^ lute River, Ark., 17 miles.
; handle the immense business offering on our roads.
We.‘are in
Mill Creek.—The Dry Creel? branch is completed from the main lino tb<
first-class condition as to steels rails and station accommodations,
^
eac
^
-
.
.
>
Hx!e’ Washington Territory, 5 miles. . Gauge 3 feet.
i
Mmneapolis & St. Louis.—The Pacific division. is extended from Win-! but have immecU^e use for atleast 1,000 more freight cars/* /
tkrop, Minn., southwest to the Minnesota River, 28 miles.
•
St. Louis &' San Francisco.—The Fort Smith & Ark,,.branch:
Minnesota Central.—Extended from Faribault, Minn., northeast to!
of the St. Louis & San Francisco Railroad is completed to Van
Cannon Falls, 23 miles.
.
j
York West Shore & Buffalo.—This company reports 130 miles of| Buren, five miles from Fort * Smith, and was to be opened for
.tracklaid between Weeliawken, N. J., and Syracuse, N. Y., an increase' business
this week.
.
?
smeelast report of 93 miles.
Ohio Central —Extended from
Street Railroads.—The Third Avenue Railroad Company?of
Athens, Ohio, southward to Point1
Pleasant, 35 miles.
1
j New York reports to the State Engineer its receipts from pas¬
Oregon & California.—Tracklaid to a point 41 miles south of Eoseburg,’
•
.
Oregon,
•
*■
an
sengers
extension of 23 miles.
for the
year
ending Sept. 30, 1882,
..
as
$1,466,930; ifes
as $1,767»321»
Peoria &Farmington.—Extended from Farmington, Ill., westward to total receipts from passengers and other sources
Condon Mills, 14 miles.
and its expenses as $994,745.
Port Huron & Southwestern.—Extended from
Memphis, Mich., west*1
The Brooklyn City Railroad Company
13 nu es.
Gauge 3 feet*.
West Virginia Central &
Pittsburg,—Extended from Shaw, Md., south- reports its passenger receipts as $1,864,164, Its
west to
Kiiziuillerville, 9 miles.
$1,956,836, and its expenses as $1,678,451.
for the same period
total receipts as
m*-“|®13 a total of 371 miles of new railroad, making 9,102 miles thus
!ri iS!ye"r' against 6.241 miles reported at the corresponding time
fifW mil^s iu 1380. 3,042 miles in 1879, 1,810 miles in 1878,.
?ei?le8in 1877* 1*970 miles in 1876. 1,150 miles in 1875, 1,664 miles
Gazette
milea
1873 and 6,202 miles in 1872.—Kailroad',
Toledo Cincinnati & St. Louis.—At a meeting of a com¬
mittee composed of directors and bondholders of this company
held in Boston, Nov. 15. it was decided to complete and put the
road in a first-class condition in every respeot. To accomplish
this it was voted to raise by subscription in the syndicate
$800,000, to be covered by bonds at 8 per cent. The bonds arc*
to ruD five years, but can be redeemed after two years at the*
option of the company. This rum is to provide for interest and
given, we have a record of improvements, and is in addition to the $376,000 already pro¬
track—main line, only—added on 71 differs vided for, but includes the $400,000 determined upon at the last*.
/rTllf Chicago Railway A ge says the returns for the month'
j tlctob^r iud’.cate that the total for the year will probably ba
mo8fc liberal estimate heretofore. Summarizing’
,?r°!f ^-aQ
Sl/ detail^d statement which is
*0b8 miles of new
fit* lines in 30
.
of the States and territories in October.
directors’meeting.
......
•
-
:
>
THE CHRONICLE.!
578
[Vol. XXXV.
^imes^
Topeka Salina & Western.—Work upon the Topeka Salina
progressing quietly. Constructor
Patterson says he has acquired and paid for the right of way
from Topeka west 25 miles and from Council Grove west 15
COMMERCIAL EPITOME
miles. 30 miles are graded and track-laying will be begun at
Council Grove the last of this month. Mr. Patterson says he
Friday Night, Nov. 17,
1882.
finds no difficulty in raising funds as fast as they are wanted
The
indications
that
the
money
market
is
for construction. A single party has taken $100,000 of the
relieving itself
securities, and there are other large subscribers in addition to through the natural operations of trade, in the return to this
small ones.—Boston Herald.
city of some of the funds that were sent out to move the crop
Southern Pacific—Gal. H. & S. Ant.—Advices from San has had a favorable effect in mercantile circles, and
given a freslj
Antonio say that the track of the Sunset road (G. H. & S. A.)
impulse
Confidence
that
prices
a legitimate
to
trade.
are
on
has been extended to the Pecos crossing, and the bridge at that
disturbed
basis,
and
little
by
is
speculation,
also
a
point is ready for trains to cross. The Southern Pacific forces
favorable
working from El Paso eastward are only four miles away, and influence. We have wintry weather over a large portion of the
the two tracks will be joined in a few days.
country, but inland navigation is not as yet obstructed by ice
Union Pacific.—In conversation with a World reporter, Mr.
The speculation in provisions has been in the interest of
those
Billon stated that the floating debt on the road now amounts to
desiring
lower
prices;
the
export
demands
are
smaller
and
the
about $3,400,000, and that a loan for $5,000,000 is to be nego¬
advices
from
the
indicate
West
heavy
receipts
of
tiated to take care of it. He also stated that the next dividend
hogs; on this
will be at the rate of 7 per cent per annum, and that there was score values have declined. Pork on the spot was weak
to-day
no foundation for the report that the company would issue
and sold at $21 75, there were no prices for the options. Lard
additional stock. The earnings and expenses of the railway
and branches for nine months ending September 30, 1882, were was dull and weak; telegraphic communication was interrupted
between here and the West and from Europe, and the specula¬
as follows:
1882.
1881.
tion was very limited. Sales on the spot of contract Western at
Earniugs
$21,972,764 GO $21,5*0,164 97
Expenses
11,480,981 42
11,830,923 51 12 45c., refined to the Continent for November 12'35c., December
Surplus
$10,491,783 18
$9,719,241 46 11 65c., South America 12 87^c. November contract Western
The Post has the following : In response to many inquiries was quoted at 12‘07^c., December and seller year
1132%c.,
as to the laws governing the issue of bonds and shares of the
January ll*20@ll-22^c., February ll‘22^g@ll'25c., March
Pacific Railroads, and the payment of dividends by the same,
ll*27/£c., April ll*32c., May 11 35@1137/£c., June 11*37
we publish herewith, without
comment, extracts from the
11 40c. bid and asked.
Bacon was quiet at ll%c. for long clear.
United States statutes.
The first extract is from the United States Statutes-at-Large, Beef hams were quiet at $17 50@17 75 for Western. Beef was
volume 17, page 508, approved March 3, 1873, as follows :
dull and unchanged at $23@30 for city extra Indian mess.
“The laws of the United States providing for proceedings in bankruptcy
Butter and cheese were steady and in fair call. Tallow was
shall not be held to apply to said corporation (Union Pacific Railroad).
Eo dividend shall hereafter be made by said company but from the
weak
at 8%@8)4c. Stearine has been only about steady and
actual net earnings thereof; and no new stock shall be issued, or mortgages
gkt Commercial
& Western road in Kansas is
.
or
pledges made on the property or future earnings of the company
without leave of Congress,except for the purpose of fuudingaud securing
debt now existing or the renewals thereof.”
The following extracts are from Act of Congress approved
May 7,1878 (Twentieth Statutes-at-Large, page 56), and are as
follows:
“
Sec. 6. That no dividend shall be voted, made, or paid for or to any
or stockholders in either of said companies ” (the Union
Pacific and the Centra' Pacific)
respectively at any time when the said
company shall be in default in respect of the payment either of the sums
required as aforesaid to be paid into said sinking-fund, or in respect of
stockholder
the payment of
the said 5 per centum of the net earnings, or in respect of
interest upon any debt, the lien of which, or of the debt on which it may
accrue, is paramount to that of the United States. * * *
“Sec. 9. That all sums due to the United States from any of said
companies respectively, whether payable presently or not, and all sums
required to be paid to the United States or into the Treasury, or into said
Sinking-fund under this act. or under the acts hereinbefore referred to, or
otherwise, are hereby declared to be a lieu upon all the property, estate,
rights and franchises of evt ry description granted or conveyed by the
United States to any of said companies respectively or jointly, and also
upon all the estate and property, real, personal and mixed, assets and
Income of the said several railroad companies respectively, from whatever
source derived, subject to any lawfully prior and paramount, mortgage,
lien or claim thereon. But this section shall not be construed to prevent
said companies respectively from using and disposing of any of their
property or assets in the ordinary, proper and lawful course Of their
current business, in good faith and for valuable consideration.”
Williamstowu.—Tkis road is to be sold November 25, under
It extends from Atco N. J., to
foreclosure of mortgage.
Williamstown, 9?6 miles, and has
bonded debt of $250,000.
Wisconsin Ceutral.—The annual report to the Railroad
Commissioner of Wisconsin gives the following: Total income,
$1 ,590,359; operating expenses, not including rentals, $933,050;
excess of
income over operating expenses, $657,309; taxes,
$15,543; rentals, $250,810; interest accrued during the year on
funded debt, $95,500; balance for year, $295,455; total amount
of stock now outstanding, $11,435,500; total bonded indebted¬
ness, $9,900,000; total earnings—passenger department, $472,012; total earnings—freight department, $1,118,347; paid for
construction during year, $18,564; paid for equipment during
year, $17,513; total number of passengers carried, 314,117;
} number miles road, 326.
Wisconsin Minnesota & Chippewa Falls & Western.—This
i^sailroad has submitted the following report to the Railroad
Commissioner of Wisconsin; Total income of the line, $237,969;
operating expenses, $102,991; excess of income over operating
expenses, $134,978; taxes, $2,172; rentals, $18 50; interest'on
funded debt, $56,700; balance for the year, $57,605.
a
,
.
in
-^-Attention is called to the card of Messrs. Bunnell & Scranton
to-day's Chronicle. This firm is one of the oldest and most
promineat in New Haven, Codjl, and has recently opened
a
house at 64 Broadway, this city, where they will buy and sell
All stocks?and bonds usually dealt in at the New York Board,
besides making a specialty of investment securities.
-?-The uaxal monthly dividend of $50,000 (for October) has
|>een declared by the Homestake Mining Company, payable on
he 25th inatat the office of Lounsbery & Haggin, 18 Wall
Street. The itotal dividends to date amount to $1 JI2,500.
rr-The usual monthly dividend of 50 cents per share (for
October) has been declared by the Ontario Silver Mining Co.,
payable at the office of Messrs. Lounsbery & Haggin, 18 Walt St.
—The Deadwood-Terra Mining Company announces its 24th
dividend (for October. amounting' to $30,000, payable at the
office of Lounsbery & Haggin.
closed at 12%@13c. for Western and city.
Rio coffee has been dull on the spot
at unchanged prices;.
options have sold pretty freely at times, and have advanced;.
to-day sales were made at 5*95c. for November, 5*90c. for Feb¬
ruary and 6c. for April and Oct.; 5*85c. was bid for December
and 6c. asked; mild have sold fairly at prices showing no
marked change. Tea has declined materially at auction, espe¬
cially for green, which to-day fell 2 to 5 cents; the large job¬
bers here absented themselves from the auction to-day, and
announced their intention not to recognize them in future,
alleging that they are injuring their business. Molasses hasbeen dull and nearly nominal for foreign, but fairly active for
New Orleans, though at a decline to 58c. for choice; the re¬
ceipts have been large, and 5,000 bbls. are due on Monday.
Spices have been quiet. Foreign fruits have been quiet and
without marked change. Rice has been quiet but about steady;;
buyers here are holding off for lower prices than those now cur¬
rent. Raw sugar has been very quiet at 7 5-16c. for fair refin¬
ing, and in some cases not over 7^c. is now quoted for that
grade, and 8%e. for 96-degrees test centrifugal. The prospect
of a large beet-root crop in Europe, as well as the weakness in
the London market, have had an unfavorable effect. '
■
Receipts since Nov. 1
Sales since Nov. 1
Stock Nov. 15,1882
Stock Nov. 16, 1881
Stock Nov. 17, 1880
Hhds.
14,096
Boxes.
133
Bags.
28,675
‘
33,5o9
8.092
46,920
6 814
38,500
479,124
557.252
48,229
8,215
1,015,360
14,216
•
.
Melado.
.
...
•
mmm
•
mm.
52
3,875
and without marked change, though
crushed closed steady at 9J'£@9%e„
granulated at 8/a@9c., powdered at 9,4@9>£c. and standard
Refined has been quiet
more or less depressed;
“A” at
8^@8%c.
was fairly active.
Sales for the week are
which 342 for export and 102 for home consump
Kentucky tobacco
444 hhds., of
tion. Prices
steady; lugs 6@7c. and leaf 7;ic. Seed leaf
quiet, and sales for the week are only 1,350 cases, as follows200 cases Pennsylvania, 1880, 9 to 14c.; 100 cases do., 1881,
private terms; 150 cases New England, 1881,14 to 30c.; 500
cases Wisconsin Havana Seed, 1881, 3>6 to 17c., and 400 cases
Ohio* 1881, 3/6 to 9c.; also 400 bales Havana, 872£c. to $1 15.
In naval stores trade has been quiet the export movement
has been slow from this port but the Southern markets closed
better to-day, and the tone was somewhat improved here; com¬
mon to good strained rosins $1 80(3)1 90; spirits turpentine 53)£c.
Refined petroleum was lower for export owing to the break m
crude certificates; refined, 110 test, 8/6c.; 70 test, 8%c.; crude
certificates dropped from $1 25 to $1 15%; closed $1
11554. Ingot copper steady at 18@18/4c. for Lake. Hops are
quieter and the feeling less buoyant; new State $1@115; old
do. and Eastern 95c. @$1 10. Wool quiet and prices irregular
with holders desirous of selling.
The ocean freight market is strong, owing to the lack of ton¬
nage. Grain to Liverpool by steam quoted 6d.; cotton,
5-lod.;
flour, 2s. 6d. per bbl. and 17s. 6d. per ton; pr .visions, 25@30s.;
cheese, 30s.; grain to London by steam, 7/6a.; flour, 2s. 9d. per
bbl. and 22s. 6d. per ton; bacon, 35s ; cheese, 50s.; grain to
Glasgow by steam, 7d.; do. to Hull by steam, 6?6d.; gram'.
Antwerp by steam, 7/4@7?6d.; do. to Rotterdam by sream, 8#a.;
do. by sail to the Bristol Channel, 5s. per qr.; refined petroleum
in cases to Alexandria, 24c.; do. in bbls. to Liverpool, 3s. 4)2U-»
do. from Philadelphia to Trieste, 3s. 9d.; grain from Baltimore
po Cork for orders (January), 5s. 3d.
is
are
THE
18, 18b3.J
November
CHRONICLE.
579
ar
COTTON.
Friday. P. M., November 17, 1882.
BF In January and February, 1882, large additions to our po t
receipts were made, for omissions daring previous weeks of a por¬
tion of the City Point, Ac., movement. Consequently we have now
revised our weekly and monthly tables of reoeipts from Sept. 1, 1881,
to Feb. 1,1882, and incorporated the omissions in the weeks to which
they belong instead of inserting them in bulk in December and January.
In addition to above exports, our telegrams to-night also give
us the following amounts of cotton on
shipboard, not cleared, at
the ports named. We add similar figures for New York, which
Crop, as indicated by our telegrams
to-night, is given below. For the week ending
this evening (Nov. 17) the total receipts have reached 259,154
bales, against 262,251 bales last week, 256,623 bales the previous
«ek and 241,738 bales three weeks since; making the total
receipts since the 1st of September, 1882,1,945,071 bales, against
1890 828 bales for the same period of 1881, showing an increase are
prepared for our special
siace September 1, 1882, of 54,243 bales.
Lambert, 60 Beaver Street.
Movement or the
The
Irom
the South
Mon.
Sat.
Receipts at—
3,739
Galveston
Indlanola, Ac.
New Orleans...
Mobile
■Florida
Tuts.
7,656
....
....
13,435 16,496
2,810 3,511
....
....
iflavannah —-Brunsw’k, Ac.
6,499
■Charleston
3,897
6,818
....
—
3,872
Wed.
5,633
....
7,408
1,823
5,811
....
....
5,837 18,282
368
1,702
....
5,253
Thurs.
....
6,493
....
Pt.
Royal, Ac.
'Wilmington....
Moreh’d C., Ac
Norfolk...
City Point, Ac.
3,902
....
5,862
5,795
14,967
1,011
1,187
1,010
1,037
44,064
14,967
4,697
5,716
976
....
....
....
....
....
313
565
Boston
Baltimore
652
762
1,089
1,222
532
36,918
750
360
New York
5,993
750
793
....
694
4,132
716
....
694
675
612
....
71,308
11,993
315
....
....
9.850
315
....
6,036
619
431
....
8,005
619
30,432
....
8,833
30,027
431
4,494
....
6,045
3,316
7,015
....
....
4,536
Total.
1,779
.
6,588
Fri.
9,170
....
On
NOV.
17, AT—
Great
Shipboard, not cleared—for
France.
Britain.
by Messrs. Carey, Yale &
use
|
Other
1Foreign
Coast¬
wise.
3,749
None.
Leaving
Stock.
Total.
New Orleans....
Mobile
36,117
11,577
19,856
None.
None.
None.
Charleston
Savannah
7,850
7,600
17,778
50,478
500
3,500
2,467
9,660
21,000
3,569
10,500
None.
550
2,800
4,800
None.
1,300
None.
None.
19,560
37,400
29,279
53,092
13,850
6,100
135,123
18,594
59,015
17,848
230,580
464,999
41,040
116,236
37,407
22,219
47,422
56,987
20,634
146,503
677,034
14,611
210,053
649,984
Galveston......
Norfolk
New York
Other ports
Total 1882.
Total 1881
Total 1880
'
129,180
15,879
81,057
73,972
54,427
25,703
None.
1,550
5,300
5,465
1,784
830
71,299
50238
34,544
The
speculation in cotton for future delivery was fariy active
Saturday
last, but at drooping prices, under the favorable
965
965
Bureau
report, good weather at the South and weak foreign
145
199
649
13
57
63
1,126
Philadelp’a, Ac.
advices;
but on Monday the market was active and buoyant,
Totals this week 38,651 52,090 33,566 32.175 47,217 55,455 259,154
owing to accounts of killing frosts over considerable sections
For comparison, we give the following table showing the week’s of the
South; Tuesday it was seen that frosts could do but lit*
otal receipts, the total since Sept.l. 1882, and the stocks to-night,
tie injury, and part of Monday’s advance was lost, except for
and the same items for the corresponding periods of last year:
November; Wednesday and Thursday made slight advances,
1881.
1882.
Stock.
with some gossip about a possible “corner^ on November con¬
Receipts to
This
Since Sep.
This
Since Sep.
Nov. 17.
1882.
1881.
tracts, a scheme favored by the low stocks in this market, the
Week.
Week.
1,1881.
1,1882.
comparatively small overland movement, and the fact that the
195,747
•Galveston
30,027
289,984 15,535
83,706 92,832
arrivals by sea from the Southern ports are mostly on through
414
7.623
619
Indlanola,Ac.
9,480
461,225
Orleans...
57,135
■New
71,308
407,978
200,479 226,679 freight engagements for Europe, leaving little cotton available
Mobile
103,867
11,993
128,980 13,405
15,879 28,843 for delivery on contract.
To-day there was a buoyant opening
Florida
694
5,875
8,355
2,989
692
for the early months, on the demand to cover contracts, in
'Savannah
352^669 111,372 95,712 which the later months sympathized to- some extent. To-day
366,512 40,312
36,918
408
431
4,395
Brunsw’k, Ac.
3,768
the weather at the South was bad, and,, with the influence of
'Charleston
30,432 249,694 27,737 255,334 100,617 104,365 the “comer” on November contracts, caused a further advance,
Pt. Royal, Ac.
315
938
12,045
but the close was not buoyant. Cotton on the spot has met
291
4,204
458
60,372
4,132
50,390
7,105
Wilmington....
11,355 19,381 with only a moderate demand from any class of buyers; but,
stocks being small and the speculation on November options
750
M’headC., Ac
6,320
3,969
1,463
Norfolk.
44,064
275,086 33,924 243,120
78,794 61,842 very strong, there was an advance of l-16c. on Tuesday, and
City Point, At- 14,967
83,444
85,249 12,540
again on Wednesday. To-day the market was firm but quiet,
New York
4,195
14,481
4,697
15,247
64,088 142,824 middling uplands closing l(%c.
....
....
1,033
....
....
on
....
.
*806108
33.783
5,716
Baltimore
Thiladelp’a.Ac.
Total
965
3.778
1,126
13,980
9,578
1,213
1,952
52.930
3.420
1,435
14,137
13,426
11,439
14,413
259.154 1,945,071 233.462 1,890,823
27,787
18,702
695,579 823,537
In order that comparison
may be made with other years, we
♦Rive below the totals at leading ports tor six seasons*
Receipts at—
1882.
1881.
1880.
1879.
1878.
*6alve8t’n,Ac.
30,646
15.949
25,314
22,469
fl#ew Orleans.
71,308
11,993
57,135
83.246
62.535
13,405
20,100
15,113
40,342
33,793
8,809
36,095
26,001
5,413
45,888
37,490
All others....
28,675
8,568
46,464
29,549
Wilm’gt’n, Ac
Norfolk, Ac..
36,918
30,747
4,882
59,031
13,629
22,924
9,919
259,154
233,462
256,618
Mobile
Bavannah...
Charl’st’n, Ac
Tot. this w’k.
Blnoe Sent.
l.
22,550
64,598
17,992
30,853
13,287
25,427
49,153
18,514
22,241
20,745
8,878
21,313
15,105
218,408
181,376
200,980
20.978
7,304
29,496
7,309
1945,071 1890.828 2114.524 1885,846 1545,609 1327,901
^
iie
1877.
————*
—
were
to Qreat Britain, 19,101 to
56,249 to the rest of the Continent, while the stocks
made up this
evening
are now
695,579 bales.
Below
exports for the week and since September 1,1882.
Galveston
New Orleans.,
Mobile
Florida
Savannah
Exported to—
Exported to—
16,236
12,893
Boston
..
Total
nent.
Week.
19,921
16,236
50,588
Great
Britain. France
1
.,.
2,641
2,923
16,071
16,366
8,932
Baltimore
2,003
Phila<ielp*a,&c
2,500
1,265
62
17,436 21,881
9,110 13,016
1,500
4,425
1,868 17,039
6,412 22,840
8,932
2,008
2,500
14,021
29,180
6,909
95,249
186,727
44,881
42,414
21,745
57,071
17,033
750
56,219 160,365
623,805 128,028
Total 1881..
70.593
10.679
38.828 117 505
656.038
Inoludes exports from Port Royal, &o.
mcuides exports from West Point, &c<
70,968
36,643
1,500
1,868
300
19,101
26,195
82,593
16,110
85,015
r
nent.
11,618
7,860
Total
*
Conti¬
80,832 15,489
124,727 74,851
Non. 11 to
Non. 17.
Ordin’/.yt>
Strict Ora..
Good Ord..
8tr. G’d Ord
Low Midd’g
Str.L’w Mia
Total.
day of the past week.
NEW ORLEANS.
UPLANDS.
Sat*
Mott Toes Sat*
Zl3ie
71310
8k
7%
8*16
9ke
9k«
9k
9k
9k
iS8“
Wed
Ordin’y.Wlb
Str.G’dOrd
Low Midd’g
Sfcr.L’wMid
Middling...
Good Mid..
Str.G’dMid
Zl®16
8%
9%e
9%
Til.
li"
£&*
Mss Toes
Mon. Tves
Sat.
gke
8k
8k
8116
8k
gkft
8k
8k
8®ie
9%e
9%e
9%
9*16
96,8
9%
9%
913x6
9%
10% 6
9%
9%
10%6 10k I03l6 10%6
10%
107,6 10% 10%
10%6 10% i°V 10%6
1013x6 10% 1013,6 10**16
11
like
Ilk
12k
Ilk
12k
ll?l6
12°x«
Wed
Xh.
Fri*
Wed
8%a
8*i*
8%
8%
8%
8%
8%
93x6
9*i«
9*16
97,6
97a
9%
:
9%
.
101i6 101*6 101,6 106x6 106i«
lOSie 10*16 I05ja 10k 10k
10k
10k
10k lOllxe 1011x6
10%
10%
10%
1015x6 1015x6
1015x6 io;516 1015x6 Ilk ilk
Midd’g Fair 11*,6 Wie 11*18 11% 11%
Fair
123i* 123x6 12%6 12% 12%
Sat.
STAINED.
V lb.
Good Ordinary
Strict Good Ordinary
Middling
Middling
?%e
9%
10*16
10%
10%
like
H»16
12616
Til.
Fri.
g%8
8%
8%
97,6
9*16
9%
9%
9*8
106x6 105*6 106,6 106ia
10k
10k
10k
10k
lOHi& ioii10 101116 101k*
1015x6,
1015x6 10151*
Ilk
Ll%
12%
ilk
11%
11%
ri2%
12%
12%
Til.
7k
7%s ;7%«
8516
8%
8%
91,6
»ks
8k
815x6
8i°is 9
916x6
9%
ilk
Hk
ii%
Mon Ties Wed
8k
9%
10k
Ilk
12k
Frt.
Low
122,036
281,971
TEXAS.
8k
915x6
10^X6 10k 1(0%)
10%
Middling... 10%
10*16 ho%6
Good Mid.. 10%
10%
1013*6
Str.G’dMid lOi^xe 1013,6 10*%
Midd’g Fair H5i« 11*16 11%. ilk
1 —116 121x6 12k
Fair
12k
915i6
1
4,443
Charleston V..
Wilmington..,
New York
i 7,774
Conti¬
sales for *ach
10
10
Fri.
fio1*
MARKET AND SALES
....
Norfolkt
the
From Sept. 1.1882, to Nov. 17,1882.
Great
BriVn. France
*ronv—
are
Week Ending Nov. 17.
Export*
7,598 bales, including 3,742 for export. 2,815 for consumption*
1,041 for speculation and — in transit. Of the above, 1,000 bales
were to arrive.
The following are- the official quotations and
Strict Ora..
Good Ord..
exports for the week ending this evening reach a total
bales, of which 85,015
2*160,365
Stance and
The total sales for forward delivery for the week are 604,400
Dales. For immediate delivery the total sales foot up this week
89.607
97,207
73,683
8.409
97,117
239,908
44,881
59,717
22,495
294,621 1,047,454
|
218.90*i
864.610
ConSpec- Tran¬ Total.
port. sump. uVVn sit.
Ex¬
755
at ks dec..
895
Steady
Tues. Steady at ke ftdv 1,802
8at.. Easy
Mon
.
Wed
Thurs
Fri..
.
Total
FUTURES.
SALES OP SPOT AND TRANSIT.
SPOT MARKET
CLOSED.
Quiet at ke »dv.
Quiet
jQuiet and firm..
230
6Q
•
* *
4
3.742
347
545
516
556
3 66
Sales.
78,600
1.102
1,440
2,930 133,200
612
015
429
435
2,815 1,041
94.000
426
101,400
89.200
435 108,000
...J 7,598 604.400!
•••«.
.
The daily deliveries given above are aoLoaUyi&QUvered
vioua to that on whtah
arc reported
th*
Deicsriis.
200
200
200
200
•
•
• •
•
•
m a
800
THE CtttlONtCLE,
680
*
The Salm
and
Pricks of Futurbs are shown
by the follow-
'
[Vol. XXXV.
The Visible Supply of. Cotton,
made up by cable and
as
oomprehensire table. ' In this statement will be found the tjelegraph, is as follows. The Continental Rtocks are the figure*
duly market, the prices of sales for each month each day, and of last Saturday, but the totals for Great Britain and the afloat
for the Continent axe this week’s returns, and consequently
Ike closing bids, in addition to the dailv and total sales.
«
brought down to Thursday evening; heneje, t^ make the totals the
>• I?
B.
Oh3®o
complete figures for to-night (Nov. 17), we add the item of exT>or(«
SJff
S'-* *° B
S U Sg.&g'
from
the United State$, including in it the exports of Friday only.
5
®
|K-y
£
1882.
o S-p
1881.
S’® “ £* B'S-®'
t?$ ®«£;
1880.
1S79
sr,
kar
93
*3
*3
mV}
***
a'.
484.000
442.000
iiiff
2i,ooa
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ob n
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for September, 500,200 ; Septem-
We have included in the above table, and
shall continue each week
to give, the average price of futures each day for each month. It will
J>6 found under e tell day f Mowing the abreviatioa ‘* Aver.’* T te aver
to I
tn I
*M
•110 -I to ©
-J
© W CC©
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ft—to©© ©©
W©ftO*©-X ©
O’ to go di cn O oo
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—
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The foliowin.fif exohanges have been made dario# the w»*ek:
*05 pd. to exch. 100 Deo. for Jan.
£04 pd. to exch. 500 Deo. for Nov.
•37 pd. to excli. 200 Dee. for Apnl.
*06 pd. to exch. 1.000 Deo. for Jan.
•24 pd. to exch. 1.000 Dec. for Mur.
*11 pd. to exch. 200 Jan. for Feb.
*03
pd. to exch. 2,000 Dec. for Jan-
©
M —m w
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coxot’©*©V»®i*?
to-do
w
for each month for the week i» also g; vcq at bo tom of table.
4
m
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CO X JC (P-© m m tC t>- (£-
©mjsmmcom
S
10*40; Wednesday, 10‘45o.; Thursday, lo 50c.; Friday, 10 60c.
pd. to exch. 1,000 Jan. for \yr.
'TOi pd to exch. 800 Dee for Jan.
o
b
M r .A *
Transferable Orders—Saturday, 10*25e.; Monday, 10-4Qc,; Tuesday,
*33
H
2 *.5=-*- Q” °*
5P
|
1 1:
|1:! ,,!l
Includes sales in Septoinber, 1882,
4jer-Ootober lor Oetober, 8 i 5,tK>0.
«ge
03|4
period of 1881—is set out in detail in the following statement:
©
►3
►3
►<-.
•
(iTl<id-
{►
©
.
for the week and since Sept. 1, the
the stocks to-night, and the same
•A
©
1 :
365 036
69p d.
0*811-
—
ft
•
1
334 991
cD —
66© 6
:
45.000
37.000
55.371
82,137
69,055
46.473
1,713,397 1,994,995 1,953.709
pared with 1879.
mmc ©
6
•
112,000
ft^TThe imports into Continental ports this week have been
57,00° bales.
j
The above figures indicate a decrease in the cotton jin sigk$
to-night of 89,533 bales as compared with the same dateiof 1881.
an increase of 31,997
bales as compared with the; corres¬
ponding date of 1880 and an increase of 343,474 bales as com¬
p
**
I ft joT
C CP
126.000
47,300
79.691
2,323.607 2,413.235 2,288,700
◄
I I
!
: 1
;|,:
►
l I
| ©: :
4} 8.240
-
©o?
6cd © ob
M
•
610,300
Total East India, &e
Total American..
I ®m:
MM©M
►1
•
32,000
Si
MM
©
99,000
*
c x
M-4
120,300
India afloat for Europe...
ft
2
A
122.000
42.200
Egypt, Brazil, &o., afloat
M©
x
282.000
77.000
163,010
59,000
3J.OOO
O
?
(—• —
i I
Liverpool stock
ft
T©9
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M
21,000
Oo
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218 998
22,000
x
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16,700
ft
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99©
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16,700
O
ft
& 3
g
I ®©
(ift (ift
2
A
©Me-'
I ®«
m
306.758
15.100
46.473
605.404
218.998
859,333
242.326
22,000
15,100
At the Interior
e o
O©
^
50
dd.
M
200.718
69,055
538,785
exports to-day..
©C
cb-i
C ©
to
ft-
©X
Wft
W
M«*
CC 00
O©
M —
CO*
to
©
1
—
9
© CP
co
1 ftx>:
6
5
crj©
MM
c x
•
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ob n © -*i
(—
—
^
ft
CO —
CP CP
364,000:
32,000
823.537
859.383
P,
C ©
{►
©
ft'
M
©
£
—
b
©;©:
cc©o
0©
—•
2
OC©
©
ft
b
li
coc
c X
j
’■*
—
475,508
242,326
Price Mid. Upl., Liverpool
©
i
59,000
306.758
5Q
diCP
M
; 99,000
United States interior stocks..
ft
CC to
99
123,137
185,000
41,000
538,785
605.404
Q
CO
1 ^0:.
CD
*c
2
158.,691
647,991
45.000
435,000
37,000
316.000
79,000
435.000
M
l ®c:
mm-.,—
.
©C©
1—*
^
a©
© M
£: h*
►- kU
.
I
to
99
A
M —
M© M
— © M
M
(ft .ft- © ft-
OOC*3
TT
M 6
M — ,o —
-1-1
_
66©6
ffl
m-^ r-4
I
©
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(Uft.
O*-4
©oo
1
I ®m:
—
—
66©©
MM
MHf^M
mm©m
to©
—
TT
^
I sito:
M
M
5
XX
*3
;
©
d. d © CP
M
'
©
©
99
00
d © O.
I ®©;
0 0-0
^
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c©
•
—
283,010
811.210;
361.000
120.000
364.000
823,537
b
ft
to
cccp
M —M
(-
1 ft'ft:
M —0 —
©O©
2 I
•
30
MMrffcM
OOo©
cocoOcc
—
cJ'CP
B
I
tft |
a
M
213,300
1.713,397 1,994,995 1,953,709
b
^
99©9
'
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>yj
oo
(tx
to
2
M-£ M
,
M^'flH
9 ©9
CC
^
8,930
2.390
981
•JBast Indian,Brazil, dlt,—
f>
MM
to to
CPOO
2.778
1,80
14.87
15,00
202.000
93,000
507.000
695.579
200.718
United States
—
O©
6,75f)
2,31
.
2,323.697 3,413,235 2,288.700 1 ,975.223
and other descriptions are as follows *
Total visible supply
3
to
Oo©
©o’l-e
-1
—
o©
too
to
M.j>M
1
—
£
ft
OO©©
,
h*
ft ©:
QC©
CC CD
*“
o
Moo M
ft- M
COCO
(>
I ®co:..
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12,900:
,
35 800
.774.300
Continental stocks
American afloat for Europe....
United States stock
MHqM
to to
t» til
300
14,500
1,800
352.37
82,31
80
7,640
American—
**e
SM:
M-3
i
m-*©m
©
1 © t1 :
^
.
99
-tc-
£
>
®Ow>1
! 0W!
'
2
I <=*;»:
.
—
M»-
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ft
ft)© -i:
1— M V M
©©
»ft w
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CP
©©
-4 W
-1
{>.
o©
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►
©o
0 ©
^
1
■M(—
O-’ CP
■
m
CC
M
99
©.©
X
w
O®
99©9
o
M
coco©
9©9
mo-
OO
CO
%
o
o
<
2
•4oo^i^
l ®m:
•
OD 00
24,000
7.200
oeitihental ports.,..
Liverpool stock
►-•
©
CP
!
M
O
M —*
2.500
52.200
15,500
1,450
2.300,
55,371
Of the above,tho totals of American
99©9
to—-
2
CP M^.^
1
•
^
I ®oo:
M M l0
99
OOop
MM
•
<ito
◄
909
©
©
16,000'
i
Stock in U. 8. interior towns..
United States exports to-day..
^
MM
3,500
20.400
..
M
2
M
M
M
489,300
69.70Q
507,000
32.000
Egypt.Brazn, Ao..atlt for E*r’pe
Stock In United States ports
695.579
O
99
—^
I £<*•
O-sl
(* i—
99 T 9
C' o ® ci*
1
cc to
M,)M
©o
(ft-
<i
o*
99
e-tuM
99
oc ©
1^
©
O
9
lifc-9:
m
4
o©
ai ob
I
OjOlO
M (—
Oco^
I ®*a:.
•left’’
o
© ©
©
—
e
—
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1
o
(u
>-* ■—
O
m m
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>e
2
Ci’» ©
aj(ft(-^
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o© ©o
P’C-P'
M»
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2i
9©9
I co©co
S
M
-to
M
>
a
ft
■cstft
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OO
o—
{►
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I s-w:
1
to
CO
I ft ©’
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O CP
COc?
•JsJ'
P
|^_4
..
©c
•
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I s»o:
MM
O^CO^i©-
co to
coco— to
CiCO ' CW
<J
TOO
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i fttoo:
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toto
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K.
9
oo
◄
99
p9©p
99o9
o
528.200
147,000
3,590
32.100
..
Total European stocks.. ..
IAdla cottonafloat for Europe.
Amer'n oott#a afloat for Eur'pe
MMftM
M*oOm
M *“*
C,0UN’1
I ^>«>:
M—oiM
©
-*
to to
to to
•MM
k*—-
H
M
99
■sico
!
o«o*
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?
tft-
■
I ■*
co
Q>
a>
-
A
561.000
127.000
2.000
27,m>0
<
.
I ftjoi:
OOop
ft©
MM'
9oP
»t- o
l
.-|
m
Oc
tOift.
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tO *sj
MO—*
C
cocio
to
99
a
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1C 05
I ®o:
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to
>-•
(e»:
co^
>■.
(ft
00©
mchm*1
awio'’
! 1
«
*
h,
<
©
©
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if-
a
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yoto^
©V
ft
w
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cc to
oc op
COOoOco
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)ftlU
9P§9
ft O'
>&• O
99
ICM
47,300
:
8Jock at Amsterdam.
2d7.(k)0
42.200
Stook at Rotterdam
i
Stock at Antwerp
1... \
Stock at othhr conti’ntal ports. :
Total
<{
©
I $>p:
mi-©*-•
99©9
«
ift-O ift.
coy*,
©
m:
r©M«
pc ©O
ift
Stock,at Marseilles.
Stock at Barcelona.....
Sfrock at Hahipurg..
Stock at Bremen
:
ft
99
to to
I
mmvi~*
'
.?$ &
©
w w
**
I »©.
IO CJ* H*
►
co
!
2
ft W
!«
to to
tOO»M“'
I
o
6
M
99
j 8«:
M-cfiM
c»oiO
o<»
®M
; «<«•’
COc?
£-1
5
©
ft
◄
»— ■—•
ft
«*»
99
stock
J
Stock at Havre
486,000
77,000
...........
Total Great Britain
a
— M
bales.
Stock at London....
w
*-*»-*
a
•sir
mO*
:
o
I I§
1
raa
53
$ ©
^m£S
iio*
gf
ft a
^ oi
■
©
•■•§,
©
o
v
fiftock at Liverpool
M
a!
O
mi w!
m\
§a|l
.
MlJ
^to © ft to X © c
—
© M M
D1 W X
to 10
ftco-iftM
-1
Title yew’s figures estimated.
The above totals show that the
to».
c*.
M
JS
CX)»
^
H
?r5*
o'os
OO X — ©
Vi 6 VoVw to ft w "ft Of' © OD M op
—
8*?
W -J © - 1 c —1
c © J- —l ft -1
7- ft
©© —
M^*
X
*
creased
old
during the week 27,581 bales,
afy-wrdra
have
iHr
,
.
the same period last year The receipts at
have been 16,5.13 bales more than the same week
than at
lafl
KrLr™
towns
LS S? £XSn£ September 1 the receipts *t air the
|S 2oa bales more than for the same time in 1SS1.
■ fob
MiDDLUta
table below we give the
Cotton at Otueb\ Markets) —
closing quo ations of middling
Oimtations
the
Southern and other
day of the past week.
-
cotton at
JXttk ending
2\Too. 17.
CLOSING
New Orleans
Mobile
Bavanual)...,
Charles ton.. ■
Wilmington..
Norfolk .......
Boston.....-Baltimore...
Cinptanati...
Thura.
9\
97q
9^
97e
94i
970
903
10l8
9^16
L0j4
K)
913i6
10^4
10
10
1078
10t4
10^8
107a
lO^ne
1O70
IOI4
1014
ioju
10^1
IOI4
1O70
10*4
10^
XO 3*
9°i^.
9
90s
93*
9^
9%,
93*
978 r
934
9^
97a
97a
97a
1018
10M
104i
IOJ4
103i
,
97,6
9%
9916
97fl
9^
95a
97a
V
‘
978 ■
912‘®78
;
,
9^® 70
9
,
9®e® %
lOfig
10
f
Fri.
9L;i6
10J8
959®^
91316
9^
10^8
Olg—
'
97a
97s
9\
97S
lO-afie
1078
••
Louisville—
We fries.
9:U
“
COTTON
Toes.
10
PhiladelphiaAugusta —>
Memphis..
fit; Louis
QUOTATIONS FOR MIDDLING
Lq®'7'8
.
.
97a
*
*
97e
978
•
978
-
Receipts prom ths Plantations;—The following table is
prepared for the purpose of indicating the actual movement each
week from the plantations. Receipts at the outports are some¬
times misleading, as they are made up more largely one year
than another at the expense of the interior stocks. We reach
therefore, a safer conclusion through a comparative statement
In reply to frequent inquiries we will ada
like the following.
that these figures,
of
course,
do not include overland receipts
or
Southern consumption; they are simply a statement of the
weekly movement from the plantations of that part of the crop
which filially reaches the market through the out-ports.
''
RECEIPTS FROM PLANTATIONS.
IteceipU at the Ports.
Week
endim1.
ISrtO.
1881.
1882.
.1880.
I8ttl.
1 ana.
40.722
23,032
32,712
15,520
72.612
28.0^8
94,052
49.512
39,302
51,674
40,422
57,410
75.452
H
8
42,082
61,117
u
15
i 02.095
u
2i
130.413 112.293 77.223
178.221 134,750 130,479
Sept
....
M
29..
Oct
0
...
13
It-
20
M
2!
a
Nov
M
10.
1
..
17
16,519
Ttecyts from Plant ’rp
,1880.
41.823
1881.
1882.'.
52/152 ,24,231
07.707 83,GOO 20.081
•
77,808 103.779
96,331 121.520
40 022 19(^.684 155,503 153.110
193.094 174,810 179.883 126.509 155,559
210.307 191.050 200.136 147.913 190.561
224.949
?54,S30 2I0.5S7
76,802 229.9:2 205.913
P5 075 ‘231.771 ^32,058
242,329 179,792 223.7-5 125.039 268.220 221,755
241,738 209.57.' 251,532 139,317 284,613 233.334
256,023 •:40.o62 200,140 175,092 282.755 203.Fa3
262,251 203 258 322. M 2.’ 1,7409213,538 263 841
251.70S 225,285
215,^'42 233.320
12.06,61- .33,402 259.1 -4 .'81 ?62 ■U5 706 2J4.U3
The above statement.shows—d. That the total
plantations since September 1,' in .1882
1881
2,
52.108
88,003
219.128
271.093
250,010
202.898
298,899
74.922 25: 007 201.537
receipts from the
2,172,709 bales; in
2,357,248 bales.
were
were 2,191,109 bales; in 1880 were
That, although the receipts at the out-ports the past week
were 259,154
bales, the actual movement from plantations was
291,537 bales, the balance going to increase the stocks at
the interior towns.
Last year the receipts from the planta¬
tions for the same week were 257,007 bales and for 1880
they
were
_
274,922 bales.
Amount of Cotton
.
.
19.115 115.007 112.094
29.9s5 162.007 14.1.020
236,341 192.531
....
St'S at Interior Towns.
.
*
;
9\
9%
97a
9%
9%
Galveston..-,
f
principal cotton markets for each
Mon. 1
Satur.
towns
Palestine, Texas.—1t has been showery on two days of the
past week, the rainfall reaching one inch. We have had kill¬
ing frost on two niglua of the week, but no serious damage
has been done, as more cotton is already
open than will ever
be saved. - The tliermometer has ranged from 28 to
70r
averaging 49.
V
Huntsville. Texas.—We have had showers on two days of
the past week, the rainfajl reaching one inch.
We have had
killing frost on two nighty of the week, nevertheless we will ;
make as much cotton us can be picked,
probably more.
Average thermometer 53. highest 70 and lowest 33.
' ' "
i Weatherford, Texas.—It has been
showery on one day of :
the past week, the rainfall reaching one inch.
We have had
killing frost on two nights, killing somo backward crops, but >■
sfill the crop will be very large. The thermometer has aver* '
aged 47, ranging from 27 to 70.
"
/
Belton* Texas.—We havo had rain on one day of the past
week, the rainfall reaching fifty hundredths of an inch. We
Ifave had killing frost on two nights of the week, but
tjiis will have no effect As to the yield. The crop is large,
probably considerably larger than can beeaved. The thet- y
uhomejter has averaged 66, the;highest -being 84 and theJ
lowest 28.
3
) Luting, Texas.—It has been showery, on one day of the :
phsfc vyeek, doing no harm. The rainfall reached one inch, i
Eickirig is progressing finely. Tiie thermometer has ranged 1
fpom 45 to 85. averaging 67.
*
; Neik Orleans, Louisiana.—It has rained orr one day of the
pgst week, the rainfall reaching fifty-two hundredths of an
iijich. I The thermometer haa averaged 61.
\ Shreveport, Louisiana.—The weather has been cool ard
generally fair during the past week.. The r linfall reached oija *
inch and eighty-two huiidred hs. We had the first heavy freat •
oh November 14th,* and considerable ice. The thermometer
lihs ragged from 34 to 81,
*
Vicksburg, Mississippi. —The early part of th^ past w >ek 1
wasdear and pleasant, but during the letter portion we nave [
head rain on two days.
We have had killing frost, but no
.
serious damage has been done.
‘
Columbus, Mississippi..—We have had rain during the •
past week, the rainfall reaching one inch and twenty-nine >.
hundredths. Average thermometer 57, highest 80 and lowest
j
3$.
•< •
'
j
LittleRock, Arkansas.—Telegram not received.
Memphis, Tennessee.—It has rained on four days of the •
past week, the rainfall reaching two inches and five hun- J
dredths. We had the first killing frost amt ice ol the season1 i
on Monday morning.
Picking and marketing have been in- •torfered with by the bad wearier. Toe thermometer has av«*
.
eraged 53. the highest being 77 and the lowest 32.
Nashville, Tennessee.—We have had rain on lour days of ;
the past week, the rainfall reaching eighty-three hundredths \
of an inch.
We ha'© h ul k l ing frost on three nights of the
week, and ice forineu on 01 e night in this vicini y. The tlier- ,:
mometer has ranged from SI t > 76,-averaging 54.
Mobile, Alaba. ua —Is w.is showiy on one day, ai l rained j
severely,on.one day, during the early put of the pist week,
but the latiei\i>ortib;) has bden clear an. 1 pleasa »t.
Tnoraih- :
fall reached fifty-two hundredths of an inch. • We hud killing !
frp-t 0:1 M. mday and Tu-sday. Picking is progressing fin ly. ■!
The cause of th* t-m ill receipts th s week is that theu ibu- <
tary rivers are lowvr, mid nl mteis are holding on 10 their
,
November 17 — In the table below
we give the
receipts from plantations in another form, • and
add to them the net overland movement to November
crop.
Average t! © mome.i r 59, highest 73, lowest 33.
1, and*
Montgomery. Alabama.—Wo lia 1 run on two days during
ahjo the takings by Southern spinners to the same date, so as to.
the early p «rt of too p ist w:*ek, and tne latter portion lias b^en ’
giye substantially the amount of cotton now in sight.
cleay, pleasant and cold. The rainfall reached twenty-seven i
in sight
1882.
ftjMpts at
1881.
the ports to November-17...bales.
Inferior stocks in excess of Sept. 1 on Nov. 17
1.945.071
1,800.828
227,033
300.281
'Total receipts from plantations
Net overland to November 1
?, 172,709
2,191,100
.
...
Southern consumption to November 1..
93.857
59,000
—
.
———
,
JWfbfTHER Reports by Telegraph.—The weather has in genduring the past week. There have been
killing frosts over the greater portion of the South, but
they
come so late as to do no harm to
the crop.
Galveston, Texan.—It has been showery on one day of the
pjst week, the rainfall reaching six hundredths of an inch.
eral been favorable
frost
;
it
must be
was
the
an
We had killing frost on three nightsr
season.
To-day tlio weather is
The thermometer nas avi raged 5 >, r.tng-
inch.
week—first of
cloudy and w«4r nor.
ing from 35 to V6.
the
Selma, Alabama.—It has rained
on
ono
120,033 w’eek and <Ac remainder of the week has been
45,0JO i
Total in sight November 17
2.325.580
2.362,192
It will ee seen
by the above tiiiit the (ittiii'uu-sv*
ease in amount in
sight
to-niglit, as compared with last year, is 30.G2G bales.
,
hundredths <yf
of
confined to the northern half of the
;
.
day of the past
pleasant. Tne \
rainfall reached sixty-three hundredths of an inch.
We have
had killing frost on throe nights.
The thermometer haa
averaged j2, the highest l>*ing 71 and the low<*st 33. \
Madison, ploritla.—Telegram not received.
: Macon, Ueorgia.—We have had
rain on one day of the past
week,jand ths remainder of the week h;is been pleas mt. The
thermpmctei* lkis ranged from 32 to 83, averaging 57.
Columbus, N-eorgia.—It has rained on one day of thd past
week, !the rainfall reaching fifty hundredths of an inch, i Th(^‘
thermometer has averagod 58, ranging from 89 to 74
’
Savannah, Otorgia.—The weather has been pleasant during
the past week. The thermometer lias ranged from 40 to 7Tr
averaging 60.
Augusta, Oeorg-ia.-rThe weather has been coA and pless vit
during the^ past w(H"k, with light rain on one day. The rain-
*
>
j
;
:
j
1
understood, however, that it is chiiuisli to
j
speak of damage by frost, as more cotton has
already matured
than can
possibly be picked. The thermometer has ranged
!
from 46to 81,
averaging.64.
Indianola, Texas.-—We have had showers on four days of fall reached but two hundredths of an inc i. The first ioe ;
toe past
week, the rainfall reaching one inch and twenty-two formed here on the 14th Jnst. Planters are m
rketing their
hundredths. Picking is
progressing finely. Average ther¬ crop freely. The thermometer has averaged 57, the highestmometer 67, highest 83 and lowest 42.
being 77 and the lowest 35.
has
showery
on one day of the past
^
been
Atlanta, Otorgia.—It has rained on one day of the past
eek, the rainfall reaching
ninety-three hundredths of an inch. week, the rainfall reaching twenty-nine hundred hs o an inch.
Tuk. Tu61 had killing frosts on two nights of the past week, but We had killing frosts on Tuesday. Wednesd ry mid
rnursday.
cotton as we can pick, Average thermometer 51, highest 73 an 1 lowest 3).
e^theless we will mike as much
thermometer has averaged 48, the highest
being 69, and
Charleston. HouV Carolina.—We have had,no rain during
the lowest 23.
'
°
tiie past week, Tne thermometer inis averaged 69, ranging\\^renliam\ Texas.—‘W© have had showers on three days of from 42 to 77.
weph, doing no harm. The rainfall reached one inch
The following statement we have also received by telegraph,
^ hundredths. Picking i3
progressing finely.
The
•bowing the height of r.h^ rivers ar the p>»inre named at 3 o’clock
thermometer has averaged
63, ranging from 45 to 90.
November 16. 1882, and November 17. 1881.
.
,
w
.
.
[VOL. XXXV.
THE CHRONICLE.
582
Nov.
mark
Above low-water mark.
Above low-water mark.
Above low-water mark.
Above low-water mark.
Below high-water
New Orleans
Memphis
Nashville
Shreveport
Vicksburg
Inch.
3
10
6
6
Feet.
9
20
Inch.
Fe*t.
13
7
2
15
9
3
11
3
2
7
-7
16
6
25
d.
8.
6 4k®7
“
22 9k 0 97a 6 4k07
“
07
29 9k 0 9k 6 3
Oct. 6 9Bie-9iii« 6 lk07
“
13 9k 0 9k 0 lk®7
“
lk07
20 9k 0 9k 0
“
27 9k 0 9k 6 Ok07
Nov. 3 93i60 9k 5 Uk07
“
10 9*;e0 9k 5 11k®7
“
17 9k 0 9kl5 100
7
service
which proved only to be shipments fr >m one
another. The plan we have now adopted, as we
have reason to believe, will relieve us from the danger of this
inaccuracy and keep the totals correct.
We first give the
Bombay statement for the week and year, bringing the figures
Bombay, cargoes
India port to
Agricultural
cotton
7118
7
d.
9
0
0
9k 0 9k
6916
9
6k
9k
9is
9k
914
9
0
0
8.
5k07
6
6
6
6
9\
9\
6k
6k
6k
6k
4k
d.
87s 0 9k
67a
9
8
9
9
7k
6
6
Shirting9.
9k
9k
«
6
6
6
6
®
0 97s
010
010
Upldt
~~dT~
d.
8k 73,.
08
0g
08
08
08
08
@8
0
0
0
0
0
0
0
77
,16
08
lk
67,.
08
Ik
6k
63q
67i«
e4
e»w
Department’s Crop Report.—The following is
Department issued this week as to the
product this year.
exceptionally
The Department of Agriculture reports
fine
weather during the past month for maturing and harvesting
cotton, and returns the estimated yield of the acreage of each
State as follows : Virginia, pounds of lint to the acre 178*
North Carolina, 180; South Carolina, 183; Georgia, 152;
YEARS.
FOR FOUR
RECEIPTS AND SHIPMENTS
d
10k
10k
d.
Cote*
Mid.
8k lb*.
Cop.
Iwist.
the statement of the
November 16.
BOMBAY
32*
TJplls
d.
8.
Sep. 15 9k 0 97g
reported below high-water mark of 1871 nntil
Sept. 9, 1874, when the zero of gauge was changed to high-water
mark of April 15 and 16, 1874, which is 6-10ths of a foot above
1871. or 16 feet above low-water mark at that point.
India Cotton Movement from all Ports.—We have during
the past year been endeavoring to rearrange our India
so as to make our reports more detailed and at the same time
more accurate.
Hitherto we have found it impossible to keep
out of our figures, as cabled to us for the ports pther than
Mid
Shirtings.
d.
d.
OotVn
8 k lbs.
32* Cop.
Twist.
New Orleans
down to
1881.
1882.
16, '82. Nov. 1 7, *81.
“
117; Alabama, 150; Mississippi,
Arkansas, 233; Tennessee, 170.
Florida*
190; Louisiana, 235; Texas, 240*
*
figures are the result of consolidation of revised
Receipts.
Shipments
since
Jan.
1.
county
estimates,
and suppose the .continuance of average
Shipments this week.
Since
This
weather for the six weeks of the harvest season yet remaining.
Conti¬
Great
Year Great Conti¬ Total.
Total.
Jan. 1.
Week.
The injury by the caterpillar or boll worm is not
Britain nent.
BriVn. nent
except in a few counties. In four fifths of the localities report¬
620,000 1,399,000 8,000 1,668,000
1882 3.' 00 1.000 4,000 779,000
ing the presence of either, they have hastened maturity without
902,000 15,000 1.239,000
569.000
333,000
13,000
1881 10,000 3,000
867,000 6,000 1,118.000 lessening materially the yield.”
505,000
362.000
2,000
1880 2,000
842,000
612,000 4,00o
252,000 360.000
1879
Using the above figures of estimated yield in each State, and
According to the foregoing, Bombay appears to show a applying them to the acreage returns of the Agricultural
decrease compared with last year in the week’s receipts of 7,000 Department, issued in July this year, we have the following
result in pounds and^bales.
bales, and a decrease in shipments of 9,000
To obtain the result ia bales we
shipments since January 1 show an increase of
have divided the pounds by 450. Last year, according to
The movement at Calcutta, Madras and other India ports for
Ellison, the average net weights of American were 446 lbs., and
list reported week and since the 1st of January, for two years,
for the previous season 456 lbs.
We have therefore taken 450
has been as follows. “ Other ports” cover Ceylon,
lbs. as a fair average for this year:
Knrrachee and Coconada.
“
These
appreciable*
bales, and the
497,000 bales.
the
Tuticorin,
Shipments since January
Shipments for the week.
Great
Conti-
Britain.
Calcutta1882
1881
Madras—
1882
1881
All others1882
1881
nt
ICO
200
4,300
Total.
it.
Continent.
152,800
No. Carolina.
60,800
22,700
8,500
600
69,300
23,300
54,900
25,500
19,100
6,100
74,000
31,900
3,500
8,700
000
1,100
2.000
So. Carolina..
183
1,050,543
1,587,244
Georgia
152
2.844,205
Florida
291,000
208,000
66,100
224,900
162, <00
46,000
190
Louisiana....
235
Texas
240
2,810,113
Arkansas
all Europe
from—
This
week.
Since
Jan. 1.
4,000 1,399,000
291,000
8,700
Bombay
Ail other p’rts.
12,700 1,690,000
Total
This
week.
Since
Jan. 1.
13,000
2,000
902,000
208,000
867,001
229,400
2,000
2,000
4,000 1,096.400
15,000 1.110,000
of the
This last statement affords a very interesting comparison
total movement for the three years at all India ports.
Alexandria Receipts and Shipments.—Through arrangements
we have made with Messrs. Davies, Benachi & Co., of
aid Alexandria, we now receive a weekly cable of the
of cotton at Alexandria, Egypt. The following are
and shipments for the past week and for the
of the previous two years.
Liverpool
movements
the receipts
coiresponding week
Alexandria, Egypt,
November 16.
1880.
1881.
1882.
Total
1,110,790
233
188
Since
Jan. 1.
This
week.
....
All others....
1830.
Shivments
lo
..
170
INDIA.
1881.
..
Tennessee....
therefore, the total ship¬
corresponding periods
1882.
260,402
Mississippi...
the movement from
6,700 bales more than same
FROM ALL
117
150
2,534,388
2,233,844
887,524
Alabama
The above totals for the week show that
the ports other than Bombay is
week last year. For the whole of India,
ments since January 1, 1882, and for the
of the two previous years, are as follows:
EXPORTS TO EUROPE
Pounds.
61,985
7,c00
3.500
Acreage.
180
113,800
5,200
Per Acre.
178
1,300
S00
Stales.
Virginia
1,100
800
Total
147,700
109.200
700
Production.
rounds Lint
38,500
39,000
TOO
700
Total all1882
1881
Great
Britain.
l.
187-6
,
'
11,033,330
189,097,740
290,465,652
432,334,360
30,467,034
380,158.200
424,430,360
208,568,140
674,427,120
258,814,070
Bales.
24,518
420,217
645,479
960,743
67,705
844,796
943,179
463,485
1,498,727
575,142
815,760
138,679,200
79,793
15,001,084
308,176
33,336
16,2^6,691
3.053.476,290
6,785,503
Ellison’s Annual Cotton
Report.—Although we received by
and conclusions of
cable, and gave three weeks since, the results
Mr. Ellison in his annual review, to-day we furnish our
with the whole report. Mr. Ellison also makes the
announcement: “Twelve months ago I announced
readers
following
that I was
preparing for the press a History of the Cotton Market for one
hundred years; but, at the request of many friends, I shortly
afterwards postponed the publication of this volume until I had
brought out another work, which it was known I had in hand,
namely, 4 A History of the Cotton Trade of Great Britain/
This volume is now partly in type, and I hope to have it ready
for delivery during the coming winter. It will consist of two
parts. The work will be published in a demy 8vo. volume of
350 to 400 pages, and will be issued to subscribers at 10s.
6d. net. Intended subscribers may send in their names at once.
some
will be 15s. .
The Egyptian Crop.—Mr. Fritz Andres, of Liverpool, gives
the following respecting the Egyptian cotton crop :
By mail, dated October 21st, my Alexandria house writes:
New Crop.—It will be of sonde interest at the present juncture
to review the conditions under which the new Egyptian cotton
To
non-subscribers the price
“
Receipts (cantars*)—
This week....
Since Sept. 1
Exports (bales)—
To
Liverpool
This
Since
week.
Sept. 1.
*
Europe
A cantar is
Since
Sept. 1.
This
week.
Since
Sept. 1
36,000 13,000
4,580
1,000
48,500 16,000
7,010
19,264
47,000
12,514
10.000
37,000 17,580
67.764 23,010
59,514
98 lbs.
This statement shows that
Nov. 16 were 170,000 cantars
were
This
week.
10,000
To Continent
Total
140,000
775,500
200,000
957,550
170,000
506,000
the receipts for
the week ending
and the shipments to
all Europe
10,000 bales.
Manchester
Market.—Our report
received from Manchester
reduction in
previous
to-night states that the market is steady at a small
prices. We give the prices of to-day below,and leave
weeks’ prices for comparison:
crop has grown.
“
We begin with
,
'
stating that the acreage planted is a
larger than in the previous year. The early part of the spring
entirely or P “
the. month 01 Sep¬
worms
• fi,A
condition 01
the case the plant was either
tially destroyed. To make matters worse,
tember brought some serious fogs, producing
increasing the damage already done.
....
It would lead us too far to describe the
Where this was
“
was
backward; in some case
and autumn were u The political
spring, a partial wi and the s!jfPPD,
consequently short. Late
the military p& y»
had to be suspena •
cold, and the plant, consequently,
re-planting was necessary. Both summer
favorable. The rise of the Nile was slow.
tion of the country caused, as early as last
drawal of the credits given in the interior,
coal for the irrigation works fell
the fuel was confiscated by the leaders of
and in most parts artificial irrigation
too
THE CHRONICLE
18, 1882.]
XOVBllBER
583
v
Jute Butts, Bagging, &c.—The market has shown
various districts, but it appears certain that we
rather
annot count upon a larger total yield than 2 million cantars, more animation since our last
report, and though no change ie
nd that under the most favorable circumstances.
Supposing to be noted in prices there is more steadiness among holders,
that we have a long picking season, it is unlikely that 2% mil- who are asking full rates. The principal demand has been
from the South, aud buyers from that section are
lion caotars will be reached.
coming into
“With regard to quality, we know by experience that insuf¬ market. There have been sales to the extent of
6,000 rolls, the
ficient irrigation produces weak stapled cotton and the appear¬ prices paid being 7^c. for 1% lbs., 7%c. for 1% jbs., 8^c. for
ance of worms, a prevalence of ‘ dead ’ even in the best lots. 2 lbs. and 9%c. for standard grades. Butts have not been very
The latter is amply confirmed in almost all arrivals of new active, though a fair trade is in progress, and some 2,000 bales
cotton, but with regard to staple we found that the larger* part have been olaced. Prices are steady aud sellers continued to
of the'arrivals were quite satisfactory, even more so than last ask 2 7-16@2 9-16c. for paper grades aud
234@2?ic. for bag¬
year. This, apparently, does not seem to bear out our experi¬
ging qualities.
ence.
But it will be remembered that the confiscation of coal
Shipping News.—The exports of cotton from the rTnited
began in August only, consequently the bolls of the first pick¬ States the
past week, as per latest mail returns, have reached
ing (that is, of cotton of which our arrivals have been composed 148,997 bales. So far as the
Southern ports are concerned, these
806far almost entirely), had sufficient moisture, and were com¬ are the same exports
pletely formed, when the irrigation ceased, and no more damage the Chronicle last reported by telegraph, and published in
With regard to New York, we
could be done to them.
Quite different is the case with Include the manifestsFriday.
of all vessels cleared up to
Thursday
cotton of the second picking, seeing that the plant remained
night of this week:
without water during the formation of the bolls, and the dam¬
Total bales.
age thereby caused must be considerable. Already we find this New York-To Liverpool, per steamers Celtic, 2,048
Erin,
tations in the
,
.
*
confirmed, as for some days past the arrivals have been deci¬
dedly inferior in staple to previous receipts.
“The inference drawn from above is that good stapled
cotton cannot be abundant this year, and that we must expect
the bulk of the crop to be unsatisfactory in quality.”
East India—Acreage and Crop.—Messrs. Wallace & Co.,
under date of Bombay, October 13, write as follows with regard
to the acreage and crop : “ Nothing official has been published
as to the land under cultivation this season, but it is
generally
believed that in the Oomrawuttee, Broach and Hingenghat dis¬
tricts the acreage planted is equal to last
year, and as the mon¬
soon this year has been very favorable,
Hingenghat is expected
to be a larger crop than last, and, although difficult to
get
reliable information as to the crops in the Dhollerah districts at
this early period, prospects are decidedly good. Other descrip¬
tions of cotton should also turn out welf, both as regards
qual¬
ity and quantity, and early arrivals may be expected. An excep¬
tionally small business has been done in new crop “to arrive”
by Europeans as well as natives; we hear, however, of specula¬
tive transactions on a limited scale by the latter, but there are
few sellers, and these are asking high prices.”
Comparative Port Receipts and Daily Crop Movement.—
comparison of the port movement by weeks is not accurate
as the weeks in different
years do not end on the same day of
the month. We have consequently added to our other
standing
tables a daily and monthly statement, that the reader
may
constantly have before him the data for seeing the exact relative
movement for the years named.
The movement each month
since September 1, 1882, has been as follows.
EP* In January and February, 1882, large additions to our port
receipts were made for
A
omissions during previous weeks of a portion of
City Point, «fco., movement. Consequently we have now revised our
weekly and monthly tables of receipts from Sept. 1, 1881, to Feb. 1,
1882, and incorporated the omissions in the weeks to which
they belong
Instead of inserting them in bulk in December
aud January.
the
Tear
Monthly
Receipts.
1882
Bept’mb’r
October..
326,656
980,584
1880.
429,777
458,478
968,318
853,195
1879.
333,643
888,492
Total year 1,307,240
1,282,972 1,426,796 1,222,135
Perc’tage of tot. port
reoeipts Oct. 31
2718
24 29
24-43
.
.
1878.
1877.
288,848
689,264
95,272
583,687
978,112
678,959
21 99
15*62
This statement shows that
up to Oct. 31 the receipts at the
ports this year were 24,268 bales more than in 1881 and
119,556 bales less than at the same time in 1880.
By adding
to the above totals to Oct.
31 the daily receipts since that time
we shall be able
to reach an exact comparison of the movement
for the different
years.
1882.
1881.
1880.
1879.
1878.
1877.
Tot.Oc.3i 1,307,240 1,282,972
1,426,796 1,222,135 978,112
678,959
Nov. l....
36,792
29,104
46,514
30,704
27,243
31,773
“
2....
38,060
27,151
8.
37,897
21,848
29,165
“
3....
41,574
35,983
33,538
8.
46,140
33,775
“
4....
38,904
48,836
41,655
38.310
8.
30,964
«
5....
S.
31,603
55,664
30,902
27,896
44,314
"
6....
49,216
8.
29,924
29,682
23,380
“
31,771
7....
42,475
8.
46,365
49,349
34,808
35,213
"
8....
37,582
34,304
40,193
43,978
28,562
“
22,037
9....
36,297
40,389
35,842
8.
27,281
“
34,522
10....
57,777
33,590
31,966
8.
46,584
22,876
“11....
33,651
47,069
26,138
8.
32,849
32,833
“
12....
3.
51,779
29,130
32,278
“
33,443
53,8^5
13....
52,090
8.
38,451
“
36,503
24,002
26,945
H....
33,566
8.
36,748
43,440
28,463
**
22,793
15....
32,175
49.862
35,669
35,631
35,647
“
32,005
16....
47,217
41,244
8.
41,557
26,421
28,026
“
17....
55,455
25,136
31,535
8.
38,465
31,603
Total
1,045,071 1,825,293 2,019,311 1,741,534 1,399,654 1,165,282
e
of
ots
This
total
Nov.l 7
33*67
34*38
statement shows that
Ai.are now H9,778 bales
34*82
31*27
26*59
the receipts since tiept. 1 up tc
Hnw r
more than they were to the samt
™
month in 1881 and 74,210 bales less than
w the
they wen
same day of
the month in 1880. We add to the tabl<
N
of total port receipts which had been received tc
-ia
l
n-
;
^t>erJentasres
ovember#I7 in
each of the years named.
16,366
62
3,699
624
' 855
411
To Rotterdam, per steamer Maas, 61
To Copenhagen, per steamer Hekla, 762
New Orleans—To Liverpool, per steamers Alice,
61
762
3,220 ...BretCeltic Monarch, 4,782
walda, 7,820... Carolina, 4,700
Emiliano, 4,350
Orator, 8,430....'
steamer Alexandre Bixio, 4,401
To Havre, per
28,302
ship
per
Cromwell, 2,070
6,471
To Reval, per steamers Metapedia, 6,469
Raciiia, 5.000.. 11,469
To Sautandar, per bark Olano, 1.200
1,200
To Genoa, per steamer North Durham, 5,301
5,301
Charleston—To Liverpool, per steamer Nuevo Ponce, 2,710
Upland
2,710
To Bremen, per steamer Ben Hope, 3,950
Upland.:
3,950
To Barcelona, per steamer B -ngeo, 3,212
Upland
per
brigs Felix, 510 Uplaud
Viiasar, 610 Upland
Virgines, 650 Upland
4,982
Savannah—To Havre, per bark Richard, 2,450 Uplaud
2,450
To Bremen, per steamer Venice, 5,741 Uplaud
per bark
Betty, 2,900 Uplaud
8,641
To Reval, per steamer Gardenia, 5,800 Upland.
5,800
Texas—To Liverpool, per steamer Ayrshire, 3,605
3,605
To Cork, for orders, per bark Forujot, 1,512
1,512
To Havre, par steamer Asturiana, 4,650
per bark SoevSterk, 1,001
5,651
To Vera Cruz, per steamer Whitney, 1,626
1,626
Wilmington—To Liverpool, per bark Atlantic. 1,634
1,634
Norfolk—To Liverpool, per steamers Finchley, 5,541
La
Gaule, 4,140
Severn, 3,269
per bark Addie H. Gauu,
2,547
15,497
West Point, Va.—To Liverpool, per steamer Beilina, 4,618....
4,618
Baltimore—To Liverpool, per steamers Hibernian, 2,390
St.
Bernard. 2,630
5,020Boston—To
Liverpool,
per steamers
2,338
Philadelphia—To
The
Beginning September 1.
1881.
2,813
Germanic, 1,782
Scythia, 1,763
Venetian,
6,181
Wisconsin, 1,779
To Havre, per steamer St. Germain, 62
To Bremen, per steamers Gen. Werder,
1,985
Hababurg,
1,714
To Hamburg, per steamer Cimbria. 624
To Antwerp, per steamers Belgenland, 5
Plantyu, 850...
To Amsterdam, per steamer Jason, 411
form,
Milanese, 1,880...Pavonia,
4,218
Liverpool,
per steamer
Ohio, 1,500
1,500
particulars of these shipments, arranged in
are as
Bremen
Liver<t Hamvool. Havre. barf/.
New York.. 16,366
N. Orleans. 28,302
Charleston.
2,710
Savannah
Texas
3.605
Wilmington
asual
our
follows:
62
& San-
Vera
Reval. lander. Genoa. Cruz.
4,323
6,471
2,450
Barcelona
11,469
3,950
8,641
1,200
4,982
5.301
52.743
11.642
16.89L
5,800
5,65 L
Total.
22,840
1,626
12.394
1,634
1,634
4,618
15,497
4,618
Norfolk....
West Point.
Baltimore..
Bostou
15,497
Philadelp’a
1,500
5,020
4,218
5,020
4,218
-
—
1,500
83,470 14,631 16,014 17,269 6,182 5.301 1,626 148 997
Included in the above totals are. from New York to Antwerp 855
bales; to Amsterdam, 411 bales; to Rotterdam, 61 bales; aud to Copen¬
Total...
hagen, 762 bales; from Galveston to Cork, for orders, 1,512 bales.
Below we give all news received to date of disasters to vessels
carrying cotton from United States ports, &c.:
Catalan, steamer (Span.), which sailed from New Orleaus, Nov. 3, for
Liverpool, put into Havana, Nov. 7, with machinery out of order.
While proceeding up the stream for repairs she camo into collision
with steamer Finsbury (Br.), from Cardiff, at anchor, and received
considerable damage.
Clayfekon, steamer, at Havre, from New Orleans, before reported on
lire, Nov. 3. The tire originated in the coal bunkers, whore there
were some 50 bales of cotton, which were more or less injured.
^
The fire was extinguished iu about an hour. The ship had comineuced her discharge that morning.
John M. Chambers, steamer, engaged in the Atcliafalaya (La.), trade,
collided morning of the 12th, a short distance below Plaquemine,
with the St. Louis towboat Cole, and sunk in seven feet of water.
She had aboard 800 bales of cotton.
P Caland. steamer (Dutch). Boqjer, from New York, Oct. 25 for Rotter¬
dam, stranded at Flushing, Nov. 7, but was assisted off without
apparent damage.
Propitious, steamer (Br.), Douglass, from Galveston via Newport
News, Va., at Liverpool, Nov. 9, took fire on that date aud con¬
tinued burning on the 10th. She had on board 5,172 bales cotton
whicli are supposed to be much damaged. The fire was extin¬
guished night of the 10th.
Royal Welsh, steamer, from Charleston, for Barcelona, while going
out of Charleston Harbor on the 14th List., ran ashore on tha
breakers of the bar. Her cargo consists of 4,000 bales of cotton
aud after 600 bales had been discharged on a lighter she was
hauled off, at 10 P. M., of the same day, by four tugs. Tho
lightered cotton was reloaded aud she proceeded.
Westphalia, steamer, from New York, Nov. 2, for Hamburg, was in
collision A. M. of the 13th, off Beacliy H. ad with an unknown
steamer.
The Westphalia put
with a hole in her port bow aud
dock for repairs.
Cotton
into Portsmouth the
muio
day
making water rapidly, aud wool
freights the past week have been as follows:
THE CHRONICLE.
584
Ttnirs.
Fri.
T4®5if*
*4®510
j4®51*
*13*
*1(5*
*iT*
9,Lo>
*i<i*
*n*
*1(5*
»n*
Hamburg, steam.d.
Do
sail-.-t/
V
V
AmsiM’m, steam, c.
®3*/ '
*52*
Mon.
Tuts.
*4©51G
•11*
Saiur.
Liverpool, steam d.
HaiL.-rf.
Do
Havre, steam
e.
sail
I)o
c.
Bremen, stearc.
.c.
sail
Do
c.
Baltic, steam—d.
sail
h2‘
ei(j'®5b‘
V
V
V
V
y
V
*4*
V
3ia
sail.-.c.
Do
*
1 r,ai «■
V
36*
c.
Bared nu, steam.c.
“
1
lOyodV 1*32®’«*
aail.-.rf.
Do
Do
Wednes.
**.11
5k*
1
Compressed.
Liverpool.—By cable from Liverpool, we have the following
abatement of the week’s sales, stocks. &e., at that port:
Nov. 3.
Oct. 27
Nov. 10
Nov. 17.
Bales of the week
bales.
Of which exporters took
53,001!
62.000
65.000
69.000
6,100
10,000
7,400
speculators tock..
530
33.500
860
41.000
4.000
1.650
8,300
2,800
45,000
8,500
Of which
Sales American
Actual export
Forwarded
Tetal stook -Esthuafced
Of which American—Estim’d
■Total in p^rt of tr.e week......
Of which American
Amount afloat
7.40U
8.500
418.000
iHl.OOo
61.000
52.000
A *V<»ri,,>1,0.
Of
42,500
7,600
462,000
14.000
461,000
193,01)0
101,000
76.000
22t,0C>0
80.000
68.000
2G0.O00
140,050
172. it)*)
9,600
14,500
494,000
202,000
103,000
67,000
278,000
63.000
2 8 4,000
107 000
210.000
Tile toue of r.be Liverpool mantel tor spots ami futures each day of the
week ending Nov*. L7, and the daily dosing prioesof spot cotton, have
been as follows:
Saturday Monday
Spot
Market, (
12:30 P.M )
Mid. Upl’d
D'xih.Orl’iirt
Bales
Titesday.
Good
demand
Easier.
v
12.0)0
2,000
3,000
1,000
Bpeo.vtef.xp.
Friday.
Fair
demand
Fair
demand
freely met freely met.
6^3
o7ia
14.000
8,'#0G
Ihursd'y.
6 is
6%
67ia
67i«
Fair
dem md
freely met
Firm.
freely met
G1#
Wednes.
■
.
12,000
12,000
2,000
2,000
Flat.
0^3
67i«
12,000
2,000
Futures.
Blarket,
12:30 p.m.
Market,
5
p. m.
l
^
(
Qaiat.
Steady.
Flat.
ball.
Flat.
Steady.
Quiet.
Steady.
s
Very dab.
FLOUR.
opening, highest, lowest and closing prices c-ach
given in pence andGlths, thus: 5 02
arc
supply, while the lrgher grades were plentiful and weak.
°
Wheat has not varied materially from, the quotations
of a
week ago. There has been at times a good export trade en
couraged by advices of strong markets both in England and
on the Continent, and this fact has given holders a certain
ad¬
vantage, though latterly it his been neutralized in a measaro
by the comparative scarcity of oc-aa freight-room, whether on
the berth or for charter. Holders have likewise been
favored
by small receipts at Chicago, and higher prices in that market
where,, owing to the diminished receipts and less favorable
weather, the shorts Lave latterly been covering quite freely
Operators here, however, have proceeded very cautiously, and
in fact the transaction^* have generally been Very moderate
in
volume. The business in this marker, in a word, has
been
more
of legitimate character of late and the speculative
trading has been kept more in the background. To-day tk*
market was a shade higher but quiet at the advance; No. 2 red
sold at $1 09@$1 09/i for December, $111%@$1 1134 for Janu.
ary and $1 13%@$1 13/2 for February.
Indian corn has been active of late on speculation, and some
deliveries, as, for instance, November and December, have sold
at an advance of l/*io. compared with a week ago, while other
options, after advancing, have fallen a fraction below the flgires
of last Friday. The speculation has been stimulated by an ad¬
vance in Chicago, where the receipts have been small, and
as a
rule of a rather low grade. The export trade has been
trifling
and though there has been scarcely any No. 2 corn here, the
price has receded, owing to the fact that no demand existed at
the recent prices, which were said to be far above the
parity of
the foreign markets. To-day the market was l@2}£c. lower for
cash and November, while later deliveries were slightly
higher*
old No. 2 mixed, seller the year, sold at 77%@78^c., and also
do. for the same delivery at 71c.; old for February sold at
66M<?., and the same grade stood at 83M@83%c. for November,
77^@77%c. for December, C5^@35%c. for January and 61%
@62%c. for May, bid and asked.
Rye has declined slightly, but has sold rather more freely at
the lower prices. Barley has been fairly active at irregular
prices, No. 1 Canada selling to-day at 96c. Malt has been dull
and nominal. Oats have advanced, and though rather
quiet in
the fore part of the week, have
latterly been quite active on
speculation, owing to an advance m Chicago, where the receipts
have been small and where higher prices have prevailed.
The following are closing quotations:
No. 2 spring...$
No. 2 winter
day of the week.
I'^Thc 'price?,
best have declined slightly, owing to the large supplies hnPfl
and the anxiety of hi dders to prevent burdensome accunmia
tions. To-day the low grades were steady, with a moderate
Barely
steady.
To-day, for the convenience of our readers, wo change the form in
which we report the quotations of futures at Liverpool. The old plan
had become quite confusing, so that now wo simplify It by merely giving
tho tlucruiitious—the
IVou XXXV.
means 5 02-01(7,,
bbl. $2 90®
3 00$
Superfine
3 15®
Spring wheat extras.. 4 00®
do bakers’
Wis. <fe Mien, rye mix.
Minn, clear and stra’t
Winter shlpp’g extras.
5 00®
4. 75 ®
4 25®
3 90®
GOO®
5 50®
Patents, spring
Patents, winter
and 0 011 means 6 3-64d.
3 15
3 50
3 85
4 50
G 00
5 75
0 75
4 40
8 50
7 25
Salu vday
Monday.
•
d.
a.
5 63
561
|
1
High Low. Clos. Open
!
High^Loiv.
d
; 0 00
d.
d.
d.
600
505
5 63
5 GO
5 00
5 59
5 59
5 01
5 01
5 01
5 01
.5 5 >
5 f:0
5 53
5
0
50)
5 01
5 01
5 01
1
a.
d.
il.
0 01
6 0C
6 00
>l.
0 I>2
130
5 50
5 57 1551
5 59
5 57
f> 57
5 59
5 53
5 58
5 59
5 59
5 53
5 59
501
5 03
5 01
5 03
5 01
f> 59
5 59
5 01
5 62
5 01
5 01
5 0 ’>
0 00
503
0 00
...
..
Mar.-April. 5C3
Apri -A:ay. eoo
May-J me.. 0 03
Junc-July.. 0 00
July- *ug...
5 03
5 01
5 01
5 03
5 64
5 03
5 03
0 01
0 02
0 01
0 02
<100
5 03
503
6 01
603
0 01
0 01
6 03
0 03
0 03
0 02
0 03
0 02
6(i2
00.
S 04
0 03
0 03
0 00
0 00
0 04
0 08
000
0 04
GOi
605
GCG
0 05
3 00
0 08
0 09
GOT
0 03
0 03
606
0 03
0 0^
11
0 12
6 11
0 11
«...
Au^.-Sept..
8ept.-Oct...
•
....
....
....
....
....
....
...
....
....
•
....
«...
....
1
....
•
•
d.
t>
...
...
[-1
....
d.
d.
d.
d.
d.
....
...
...
....
d.
November. 6 0S
6 03
563
6 00
.600
600
503
503
5 61
5 61
5 59
5 59
1 5 58
559
558
558
550
Dec.-Jan
Jan.-F. b
...
5 01
5 61
5 59
550
I 550
5 59
553
5 58
...
5 61
5 0!
5 59
5 89
I 5 59
55<
553
5 58
Feb.-Ma... 5 63
Mar.- ■ prl).. GOO
COS
5 60
503
5 14
5 61
561
560
5 60
5 81
5 03
j 5 03
503
562
503
5 08
Apfh-Muy.. 6 03
May-1 me.. 006
June-July.. 6uS
603
0 01
0 01
6 02
6 02
600
0
0
3 01
000
6 03
003
6 04
004
603
0 03
004
O
6 08
'6 Co
o-oo
0 05
6 05
6 C3
X
Jtiy-Aii/...
on
c6o
SQJ
| 66 08'
06
j
800
*5 0.3
6O3
00s
G 03
611
Au, .->ept..
«...
..
&ept.-Oet...
....
....
a
...
....
—
....
1
...
—.
V
V.
Corn meal—
Western, <fcc........ *4 15® 4 25
Brandyv/iue. Sea.... 4 35® 4 50
Buckw’t flour. 100lbs. 3 30® 3 60
,
...
.
...
....
,
.
85
75
75
81
85
85
85
A
’2>
®
40
43
®
"
Mixed
White
No. 2 mixed
No. 2 white'
®1 12
$1 10
*®
87
Si1*:®
®
73
Oata—
0?Vti 09
75
1 09
GO
-03
Boat loads
<£
98
bright...
Canada No. 2
88
bbls.
(196 lbs.)
At-
Chicago
.
Cleveland
St, Louis......
Peoria
Duluth........
Total
time ’81
.
.
(56 lbs.)
bush.
bush.
bush.
hush.
(32 lbs.) (48 lbs.) (50 lbs.
80,593
816,724
720,801
540,787 314.181
74,564
108.322
11,851
204,257
17,225
118.482
17,650
3,047
1,362
243,639
31,600
67.600 177.607
64,910
1,500
25.309 10,446
61,646
1,140
479,909
4,975
'
.
.
.
.
.
bush.
(60 lbs.)
329,103
30,093
2,933
128,520
173,000
267,904 2,110,272 1.202.005
191,989
876,171 1,948,121
6,926
00.014 28,334
12,000 15,000
6,907
132,870
131,350
tme
.
954,799 624.734 142,149
548,227 475.806. 59,547
-
s
0
J'
.
-
I4 x
-
H»
1878-79.
1881-82.
1880-81.
1879-80.
Flour.... ...bbls.
7,225.894
7,857.975
5,737,444
5,966,159
Wheat... ...bush.
Cera.
Oats
G5,433,509
67,973.002
74.791.498
90.073,823
40,825,240
10,100.989
50,231,990
121,562.503
37,383,024
8.665,157
139.737,171
35,605,601
8,003.849
2,987,946
3,281,368
3,428.741
...
Barley...
Rye
...
....
-
M
87.539,763
28.367,593
8.638,982
4,405,805
:
187,320,746 221,130.150 261.566.863 219,034.976
Comparative shipments of flour and grain from the same
ports from Dec, 26,1881, to Nov. 11, 1882, inclusive, for fool
Total grain
and shipping ^xtru-j, not being very abundant, have b^en about
steady, though,
a m’e, even the brands which have sold the
%
6,551
Total receipts at same ports from Dec. 26,1881, to Nov.
1882, inclusive, for four years:
0
00
95
90
;
icslanr.es and certain grades of No. 2, superfine
a.
.
*3
depressed, while the cheaper brands have been quite freely
*
@
•»
©
559
.Flour has been somewhat irregular. The better grades have
moved slowly and, being quite plentiful, have been more or less
j.
6103
559
Friday, P. JVf.. November 17, 1S82.
.
97 '
®
1 02
fl
BREADS TUFFS.
Home
4
46^® 47
Canada No 1....
....
years:
.
Flour
bbls.
Wheat
Com..
bush.
Cits
Barley
Byo
Total grain
1878-79.
1881-82.
1880-91.
1879-80.
7,186,798
7,700.497
4,745,437
6,022.060
31.395,403
65,639,690
120,314,12 L
28,600.321
74.251,524
79.772,978
3.986,548
3,601.679
?
taken in
52*a
43*s®
Barley—
Canada
43
®
Receipts of flour and grain at Western lake and river porta
for the week ending Nov. II, 1882 :
Flour,
Wheat,
Com,
Oats, Barley, Rye,
•
•
,,,
1 07
$1 10
.
Rye— Cur lots
:
i
•
L'
.
07
1
....
-
State, 4-rowed...
03
State, 2-rowcd...
85
{From the" New York Produce Exchange Weekly.")
Milwaukee....
Toledo
Detroit
/
Nov.-Dec.
000
....
Opm High Low. Clos.
d.
300
Corn—West, mixed
West. mix. No. 2.
White
Yellow
Buckwheat
....
Friday.
Open High Low. Clos. Open High Lose. Clos.
d.
j
Thursday.
Wednesday.
r'
....
Red winter
.1
Red winter, No.-2
White
While No. 1
Clos.
5 5^
Dec.-Ian
5Di)
Jan.-Feb.
Feb.-Alar... 5 01
N0v.-1.ce... 0
®
...
i tJV&n
d.
5
Spring.per bush.
Spring No. 2
Tuesday,
1
0}K1l Uiqh Um. Clos.
d.
.
CRAIN.
Wheat-
November. 5C2
City shipping extras. 95 25® 5 75
bakers* and
5 75® 7 00
family brands
South’n afc.ip’gextras. 4 25® 5 25
Rye flour, superflue.. 3 40® 385
Southern
49.370 304
59.541,378
32,433,550
4,245.459
2,831,896
..113,427,593
45.385,093
102,509.841
20,193,187
2,062,386
2,770,221
4,964,/32
3.879,992-
135.239,811
220,033,232
183,007.413-
Rail
THE CHRONICLE.
18,1882. J
NontMBiB
shipments from Western lake and river ports for the
weeks enaed:
1882.
Week
Nov. II
Wheat
1881.
Week
Nov. 12.
.
1880.
1800
Week
Nov. 13.
1879.
Week
Nov. 15.
bbls.
196.270
115,784
178,734
173,777
busb.
386,409
180,730
888,889
389,822
190,641
453,274
325,260
338.084
692,826
237,600
96,338
Dftriv/
1,751.257
Total
433,932
301.414
68,631
618,»39
160,032
101,337
287,669
155,648
30,414
1,718,713
1,767,414
1.106.435
pieces of 6-4 goods, and all were readily disposed of at fair
average prices, but a line of 6-4 mohair cloakings (made by an¬
other mill) sold very poorly, and the
duplicates were with¬
drawn.
Domestic Cotton Goods.—The exports of cotton
goods for
the week were 2,723 packages, of which
1,258 were shipped to
Great Britain, 874 to China, 221 to United States of
Colombia,
95 to Venezuela, and the remainder in small lots to other
desti¬
nations.
00l*-„
11-.254.595
Nov.
Oorn,
bush.
bush.
bush.
1,210,953
1,194.703
1,510.797
779.621
994,442
729,5o8
700.284
4.. .276.603
1.298.226
28..-292.306
21..-258.515
1,365.605
1,082,019
5,158,884
Nov.
Oct.
Oot.
Wheat,
Flour,
Week
rot .4 W.
Oats,
859.788
890.573
1.284,100
Barley,
Rye,
bush.
bush.
253.665 128.306
,
317,759 191,777
263.897 98.351
262,533 135,720
4.455.861 3,203,855 1,097.854 554.155
9,999,724 2.181,855
699,592 319,822
4wia 81..746.0^9 3,115,024
Receipts of flour and grain
wded Nov 11:
at seaboard
ports for the week
...
..
Boston
Oorn,
bbls.
bush.
180.516 1,591.800
Atr-
New York
Wheat,
102,750
1,200
31,715
27,252
31.687
...
Portland
Montreal
Philadelphia.
....
Oats,
bush.
49,3 77
155,990
Barley,
bush.
bush.
209,9*2 :251,550
158,950 21,950
156,200
1,200
1,800
164,174
186,460
412,500
309,257
58,500
39,139
17,425
30,800
91,795
72,411
73,580
Total week... 401,242 2,820,121
390,672
Baltimore....
New Orleans
26,122
52,223
63,100
was a
somewhat better demand for wide sheet¬
for extra 64x64s and 3 Me.
for 56x60s, with a fair business at these
figures. Prints were in it regular demand, but mostly quiet,
and ginghams and cotton dress goods remained dull.
.
Flour,
There
ings, &c., by California jobbers, but buyers for most other
markets continued to operate
sparingly, and in accordance with
actual wants. Prices of plain and colored cottons are
nominally
unchanged, but slight concessions could have been obtained on
certain makes by buyers of round lots, and more
disposition to
place goods “ on memorandum’* was manifested m some quar¬
ters, without materially increasing their distribution. Print
cloths were in moderate demand and
steady on the basis of 3%c.
Railand lake shipments from same ports for last four weeks:
endina—
585
Rye,
bush.
70.2(0
925
Domestic Woolen Goods.—There was a little more
doing in
men’s-wear woolens, but transactions were
individually light
and moderate in the aggregate. Spring cassimeres and worsteds
2,400
4,500
were
active
more
than demand, considerable de¬
movement
in
liveries
having been made by agents in execution of orders
placed some time ago. Heavy clothing woolens were slow of
Total receipts at same ports from Dec. 26, 1881, to Nov.
11, sale, especially overcoatings,which were in very limited request.
1882, as compared with the previous three vears :
Cloakings were lightly dealt in, but sackings continued to move
1881-82.
1880-81
1879-80.
187,*-79.
.bbls. 10,558,485
Flour.
freely, and there was a fair hand-to-inouth demand for flannels
11.162,958
9,365,545
9,670,914
573.287 389,823
438,314 309,934
.811,734
Wheat
Com
Oats
bush. 76,355.196
84,030
95.145
116,202,097
129,498,719
21.092,112
133.550,165
1,465,434
83.512,782
94,816,293
24,662,238
3.783,665
1,669,795
3,995,908
2,321,573
4,277,928
4,204,859
Total grain ....134,450,428
203.444,763
272,110,409
257,683,797
27,610,889
24,774,702
Barley
Rye.
4,244,207
1
Exports from United States
Flour,
bbls.
94,119
55,837
Portland......
Montreal
Wheat,
Corn,
bush.
Oats,
bush.
•
421,932
56,000
76,659
81.931
79.732
202,862
375
60,814
24,250
2,454
2,500
Total forw’k 181.059
’81. 115,405
903.271
106,793
1,473,289
539,882
a me time
•
1,700
930
7.845
Baltimore
New Orleans..
19,706.474
Itye,
bush.
11,150
11,353
Philadelphia..
apd suitings were in
steady request and firm, but worsted dress fabrics were in very
light request, and shawls, skirts, underwear | and hosiery were
sluggish, as regards goods adapted to the present season.
Foreign Dry Goods were quiet in: importers’ hands,as usualat thi4* stage of the season, had there was more
pressure to sell
silks, plushes, &c., through jthe medium of t^e auction rooms,
in which manner a considerable
distribution ^vas made to fair
advantage. Dress fabrics and. linen goods ruled quiet, but there
was a moderate business in
handkerchiefs, laces, embroideries
and fancy goods suitable for the coming
holiday trade., A
fair average trade in foreign goods was reported
by leading
jobbers.
V
95.944,871
seaboard ports for week ending
Nov. 11,1882:
fromNew York
Boston
at both first and second hands. Dress flannels
bush.
79,331
Pea*
bush.
703
262
1,962 79,331
55,445 120,933
88,059
Vmportatlons of Dry Goods.
74 200
The
importations of dry goods at this port for the week
ending Nov. 16, 1882, and since January 1, and the same facts
for the corresponding periods of 1881, are as follows:
The visible
supply of grain, comprising the stocks in granary
principal points of accumulation at lake aod seaboard
ports, and in transit by rail and water, Nov. 11,
1882, was as
follows:
a* the
Wheat,
Albany
*
Buffalo
Ohieago
Milwaukee
Duluth
Toledo
..
.7.7.7
Detroit.... 17.7.7.
Oswego
7.
8t.
Louis...7..77"
77
77
Montreal ...777
Philadelphia..
Peoria
7!
Indianapolis
7
Boston
Toronto
Kansas City
[
[
Baltimore
Down
Mississippi.
On rail
On lake
On canal
77
..77
bush.
5,064,618
866,000
14.600
1,013.364
3,619.543
219,727
550,000
68.315
29,808
125.000
97.026
12,051
307,704
120,000
596,637
152,089
126,222
242,772
"
66,000
160,000
53,000
265.085
235,402
103,357
254,503
160,400
20.096
.12,798
5,855
800.000
906
57,000
47,805
14,178
166.221
17,778
26,379
144.216
168 391
6,758.
193.903
32,843
14,514
102,600
17,929
979
li] 444
158,297
718.553
578.372
777,103
1,571.331
692,826
176,050
2,128,000
116,000
38,548
Tot. Nov.
37,125
DRY
fair orders
05
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237,600
56,065
414,700
GOODS
to
125,000
TRADE.
placed for dress goods, white
goods, knit underwear, &c., but most kinds of seasonable
continued quiet in first hands.
The jobbing trade
as shown
a
little more animation, the
growing activity
0
the retail trade
having been reflected in the numerous
orders for small
reassortments that were received by mail
a&d
telegraph. The event of the week was a peremp*7 ^fiction sale of wool beavers, the balance of proutwttoa of the Ludkrw
Wboten Mitts. The offering embraced
Total
of—
M
M
O'
<1
m$n
Flax Bilk Cot n Wool
M
i
s
c
e
l
a
n
o
u
M
a
n
u
f
c
t
r
e
market. forcnaumpt.
p ;
92.258
20,690
14,003
goods
,
:
r-*
Kj
4.067.168 3,772.154 2,856,957 1,138.023
4.003.361 4.175.772 2.572.329 1.084,01 8
3,669,145 4,186,410 2.139,919
948.793
3.837,443 4.313,500 2,068.138
813,719
4,481.938 4,659.788 1,654,865
844.143
were
Total Ent’d
on
S P?£o *
B:
—
’The past week has
developed a slightly improved demand for
certain
spring fabrics for future delivery, and in this con¬
some
J
_
??:
860
Friday, P. M., November 17, 1882.
nection
©
11,903
’81.21,057,859 24,372,782 3,659,795 2,931,097 1,342,504
THE
S
Rye,
bush.
133,595
84.000
4,486
10.300
55,192
bush.
71.507
45.018
40,669
21.300
Barley,
76,140
50
1,186,794
Tot. Nov. 11,’82.39.1*9.168
4,’82.17,742,853
Tot. Oct. 28,
Tot. Oct. 21, ’82.16,078,308
’82.14.825,811
Tot. Oct.
14, '82.14,488,914
Tot. Nov. 12,
Out#,
bush.
113,264 1,768,334
30,000
4! ,000
17,500
100.000
447,066
79,123
684,429
187,945
3,548
1,599
499.023
211.553
4,231
246.500
365,841
Com,
bush.
a
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05
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►
CHRONICLE.
THE
586
Insurance.
Cards.
Commercial
Financial.
[VOL. XXXV.
Henry Bros. & Warfield,
AND
STOCKS
OFFICE
IN
BROKERS
UNLISTED
BONDS,
SE¬
CURITIES AND MINING STOCKS,
52 BROADWAY.
Dan
MILLERS,
DOUOLA8 Hinry.
Charles Skton Henry.
Member N.Y. Stock Ex. M<»*«iber N. Y. Min. Stock ExDaniel
Warfield.
Talmage’s Sons & Co
S. James & Co.,
John
Commission
No,
BROAD
16
STREET,
NEW
YORK.
Warren t. James.
John 8. James,
Member N. Y. Stock Exch.
IN
Mutual Insurance
RICE,
Stock Brokers,
96 Wall Street, New
NEW
York,
10, 12 & 14 East Bay, Charleston,
108 Bay Street, Savannah,
Stocks, Bonds, &c„ bought and sold for cash or on
margin.
ATLANTIC
FACTORS,
AND COMMISSION MERCHANTS
41 & 43 North Peters St., N. Orleans.
PLACE.
EXCHANGE
68
MISCELLANEOUS
LIGHT AND
STOCKS BOUGHT AND SOLD.
Prince &
No.
Whitely,
Joy, Lincoln 6c Motley,
E. B.
MUDGE, SAWYER Sc CO.,
15 Chauncey Street
BOSTON
43 & 45 White street,
NEW YORK,
A11 classes of Railway and
and sold on Commission.
Private Telegraph Wires to
Co., Atlantic Cotton mills,
Cliicopee Ml". Co.,
Kllerton New mills,
White Mfg. Co.,
Saratoga Victory lfll'g. Co.,
Hosiery and Yarn mills.
Peabody mills.
Mining Stocks bought
Bliss, Fabyan & Co.,
Philadelphia, Wilming¬
New York, Boston,
ton, Baltimore, Washington, Boston, Bridgeport and
New Haven.
(ESTABLISHED 1868,>
BANKERS
mills
AND
BROKERS,
Building, New York.
Members of the New York Stock
Checks and Cable Transfers
on
Exchange.
JAMES T. BATES &
CO„ Geneva, Switzerland.
W.
Philadelphia,
SELLING AGENTS FOR LEADING BRANDS
BLEACHED SHIRTINGS
AND SHEETINGS,
AND
BROWN
James T. Bates & Co.,
PRINTS, DENIMS, TICKS, DUCKS, &e.
Towels, Quilts, White Goods and Hosiery
Dinlls, Sheetings, dec., tor Export Trade.
BrinckerhoiT, Turner
W. Farmer,
Solicitor and Attorney.
Practices in the District Circuit and Supreme
Courts of the United Stales and of the State, in
all classes of cases. Has no other business, and de¬
votes his personal attention ind all his time exclu¬
sively to his profession. Refers to Bank of Monroe.
BANKING HOUSE OF
G. W. Norton
&
Co.,
Manufacturers and
Dealers In
COTTON SAIL DUCK
CAPITAL, $200,000.
LOUISVILLE,
DUCK, CAR
CANVAS, FELTING
COVERING, BAGGING, RAVENS DUCK, SAIL
TWINES, &C„ “ ONTARIO ” SEAMLESS
BAG8, “AWNING STRIPES.”
COTTON
Also, Agents
UNITED
STATES
BUNTING
109
Duane
Columbia
Bicycles.
<
hants, &c., &c.
elegantly
catalogue to
BROKERS
The
642
CINCINNATI, OHIO.
EXPLANATORY
and
post free
upon
BOOK, just
application.
RISK.
published, gratia
a
Send 3-cent stamp
illustrated 36-page
Herring’s Safes.
Returns of Premiums and Ex-,
$924,227
penses
The
02
Company has the following Assets, viz.:
United States and State of New
York Stock, City,
Bank and
$8,965,758 00
other Stocks
secured by Stocks
otherwise
and
Loans
1,729,500 00
Real Estate and Claims due the
Company, estimated at
491,148 18
Notes and Bills Re¬
Premium
1,631,294 23
ceivable
347,765 99
Cash in Bank...
$13,165,466 40
SIX PER CENT INTEREST on the outstand-
oertillcates of profits will be
thereof,
or
paid to the holders
their legal representatives, on and
Tuesday, the Seventh of February next
THE
OUTSTANDING
CERTIFICATES of
paid to
their legal representa¬
tives, on and after Tuesday, the Seventh of Feb¬
ruary next, from which date all interest thereon
will cease. The certificates to he produced at
the time of payment and canceled.
the issue of 1877 will be redeemed and
the holders thereof, or
A
OF
DIVIDEND
declared
on
FORTY PER CENT
of the
the net earned premiums
Company, for the year ending 31st Deoember,
1881, for which certificates will be issued on
*nd after Tuesday, the Second of May next
By order of the Board,
J.
CHAPMAN,
H.
Secretary
IN
TRUSTEES**
J. D.
Horace
Jones,
Gray,
RECORD
Charles Dennis,
Edmund W. Cor lies,
ALL GREAT
FIRES.
W.JEL H. Moore,
Lewis Curtis,
Adolph Lemoyne
Charles H. Russell,
Bobi. B. Mintura,
John Elliott,
Charles H.
David
George W. Lane,
Edwin D. Morgan,
Robert L. Stuart,
James G. De Forest,
Samuel Willetts,
Charles D. Leverioh,
William Bryce,
William H. Fogg,
Sturgis,
Benjamin H. Field,
Wm.
Josiah O. Low
William E.
Dodge,
Royal Phelps,
CO.,
Youngs,
C. A. Hand,
John D. Hewlett,
William H. Webb,
Charles P. Burdett,
Thomas F.
London E. C.« England.
J. D. JONES,
CHARLES
HERRING
&
CO.,
Marshall,
James Low,
Lane,
Gordoil W. Burnham,
A. A. Raven,
SWORN BROKERS, No. 7 DRAPERS GARDENS
$1,775,882 80
CHAMPION
Civil Service Gazette—“The system recommended
by Messrs. Gutteridge & Co., is easy to comprehend
and safe.” John Bull—“An easy and apparently safe
system, worthy of public confidence.” Court Journal—
“An excellem way of speculating, ably set forth ”
Civilian—“Ar nterestlng book.
This system com¬
mends itself as being a very safe one.” Xeu’s oj the
World—1' This book is well worth reading. One can¬
not do better than retain their services.”
&
paid during the same
period
Riding School,
OPINIONS OF THE PRESS.
GUTTERIDGE
Losses
Pope Mfg. Co.,
minimum.
W.
January, 1881, to 31st Decem¬
ber, 1881
$4,110,176 72
Washington St., Boston, Mass
New York
THE
OPERATORS IN STOCK EXCHANGE SECURI¬
TIES should test this system, by which large profits
are realized, and the possibility of losses reduced to
$5,627,021 57
....
214 E. 34th St., Near Third Ave
SPECULATION AND INVESTMENT
IN STOCKS AND SHARES
MINIMUM
Street.
Thousands in daily use by doctors,
lawyers, ministers, editors, merfor
A
COMPANY.
supply, all Widths and Colors, always in stock.
George Eustis & Co.,
WITH
1,587,534 47
Premiums marked off from 1st
after
No.
KENTUCKY,
January, 1881
Total Marine Premiums
And all kinds of
A full
CASH
off 1st
Amount
Co.,
&
MONROE, LOUISIANA.
Counselor,
$4,039,487 10
Ocean mills
64
BROADWAY, NEW YORK.
(Branch Office, 180 Filth Ave.)
Marine Risks from
cember, 1881
AGENTS FOR
J. D. PRINCE, JAS WHITELY, H. CRUGKR OAKLEY,
Harry C. Logan,
Maynard C. Eyre.
W. R. Travers, Special Partner.
on
January, 1881, to 31st De¬
Premiums on Policies not marked
SUCCESSORS TO
ELECTRIC
YORK, Janaary 25, 1882.
Trustees, in conformity to the Charter of
the Company, submit the following Statement
of its affairs on the 31st December, 1881:
Premiums
J. Saportas & Co.,
Co.,
The
1st
A.
OF THE
W. H. H.
Thomas B.
Coddington,
Thurber,
William Degroot,
Henry Collins,
Horace K.
John L. Biker.
President.
DENNIS,
Vice-President.
MOORE, 2d
Vice-President
i
251 & 252
Broadway, New^York.
A. A.
RAVEN. 84
VU**i»fid««W
1
@FedFRASER