The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
I'LL
r:
xtmm
HUNT'S MERCHANTS' MAGAZINE,
KBPRESENTINO THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATES.
VOL.
NEW
33.
YORK, NOVEMBER
Frank B. Beers,
Phelps,
&
Stokes
PHELPS,
JAMES STOKKS,
ANSON PHKLP3 8T0KHS,
r P. OLCOTT,
Co.,
niVNIOIPAI. BONDS,
GAS SE0I7RITIBS,
COURT STREET, 31 PINE STREET,
N.
&
4S
4T \raU
I
BANKERS,
16
Street,
8 S
New York,
TRAVBIiERS' CREDITS,
J.
OIROCIiAR NOTES,
Til*
UbIod Bonk of London. Messrs.
A
Hambro
C. J
aoD.
H. LATHAH.
.
H. Latham
J.
COMMERCIAL. CREDITS.
IX)NDON C0RRKSP0NDENT3
New
BrooklTa.
D B
UNITED BANK BUILDINO,
2 WALL STREET.
Railroad
<t
Uxchange.
Kimball, a. b. Lounsbebt, f. B. Ballabd
Membera of N. T. Stock Hxehaage.
R.J.
W. A.
Antwe rp.
P»Id.Up Capital,
•
-
FOBDTCE D. BABKER,
HBNBT
Member N. Y. Stock Exchange.
Barker
31
9,000,000 Francs.
<&
&
C.
TINEXB
Tinker,
STOCK BK0KER8,
33 BROAD STREET, NEW YORK.
ROOM 8.
Buy and
margin,
all
Dealer in Monejr, Stocks and Bonds,
MOBILE, ALA.
Special mttentlon airen to purchase
Alabama State and Mobile Clt7 Bondi.
wu.
FILIX OKISAR, President.
^.
,^
AI.F&KD MAQL'i.vAy (QralT & Maqulnay), Vloe-Prei
VuN iJEii BECKa (Von der Uecke X
OTTO OUNTUEBtCornellie-David).
KM1L> UK GOTTAL.
J. B.
AD.
MarallT).
Fbank (Crank, Model & Cie.)
Auo. NoTTEBOHM (Nottebobm Frerea).
Fr. Dhaxis (Michteis Loos).
JOH. Oas. Flthumakx, Jr. (Jota. Dan. Fuhrmann.)
Louis WKBEtt(Kd. Weber A Cle.)
Jules RAUTE.vsr&Auca (C. Sctimld & Cle.)
TBANSACTS A
ABA
P.
POTTEB. Presu
J. J.
Kddy,
BOSTON,
$400,000
400,000
Aoooonts of Banks and Bankers solicited.
Collections made upon favorable terms.
Strlctlr Brst-class Investment Securities Negotlat«l.
Lawu
H. Tatlob, Jb.
L.
H. Taylor
LiiTDLir
&
HAnrw
SOUTH THIRD STREET,
PBILADELPHIA.
Depodta received sublect to check at slKht, and
Interest allowed on dally balances.
diocki. Bonds. Ac, bought and sold on cummlaalon
In Philadelphia and other cities.
Paitlcnlar attention given to Information regardlag Investment Seountlee^
Aug. T. Post, Banker,
33
NASSAU STREET,
BDT8 AND 8KLLS
State, City and County Securities.
C0RRE8P0NDKNCB SOLiaTKD.
&
all Inveatmeat
bought and aold on commission.
&
8
C. L Hudson
Co.,
EXCHANGE COVRT, NEW TORK,
Branch
Office
and Private Wire
" Cumberla.vd," Broadway and 2Sd Straaa.
Bny and sell on commission, for investment or oo
margin, all securities dealt In at Iba
Stock Exchange.
T.
R. R. LEAK
C. I. HUDSON,
Member N. Y. Stock Lxefc.
C. E. Jackson
&
New York
H
10.
Co.,
miDDI<BTO\rN, CONN.,
Oilman, Son
&
Gtovernment, State, Mnntdpal and
Co.,
BANKERS,
CEDAR STREET.
Banking Bnslneas.bnf
(Government Bonda and Inveatment saout.
In addition to a General
and
sell
Investments for Sav-
Correspondence aoUolted.
.
Lansdale
Boardman,
80
No.
BROADWAY, Rooma
37
OrricK, Tbot, n.
Connected by Private Wire.
Lummis & Day,
DBBXBL BUILDINQ,
and BROAD STREETS,
Cor.
WALL
BANKERS AND STOCK BROKERS.
HKDBT DAT,
LUKMIS,
Membera of New Tork Stock Bxobanga.
WIUJAH
Car Trust Bonds.
WE MAKE A SPECIALTY OF THESE VBBT
SAFE SECURITIES, AND BUT AND SELL SAME
t'.
STOCK BROKER,
Branch
Noa. 84 and 36
Cinma.
tlea.
4c 38.
Y..
ALL aaenritles dealt In at the New York Stoak
Exchange bought and aold on commission and aa ^
on a fair margin.
INTXRBST aUowad on credit ^al«^oea
ried
A. H. Brown
1
&
Co.,
BANKERS AND BROKERS.
WaU St., cor. New, New r«rk.
INVESTMENT aaCURITOB.
Special attention to bualneaa of oonntrr baaka.
AT MARKET PRICE.
WB OFFER A LIMITED AMOUNT OF DESIRABLE CAB TRUST ISSUES, ADDITIO.VALLV
SECURED BT THE DIRECT OBLIOATION OF
40 WALL STREET,
TUB RAILWAT KQUIPME.NT COMPANY.
DRALEB IN
POST, MARTIN 4c CO.,
ChV Ballwar Securlttea, Gaa and Baak
Btooka. laaaraac* Scrip.
34 PIKE STREET.
Samuel M. Smith,
BROAD STREET, NEW YORK.
39
Securities
Sa
ings Banks a specialty.
Smith,
Gilder,
Members New Tork Mining Stock Exohanga.
COBBESPONDENCX SOUOITKD.
aell
&
at the
BROADWAY, ROOM
Railroad Bonds and Stocks.
wm. p. smm,
New Tork Stock Exchan^.
W. Bofabd QtutmB
STOCKS, BONDS AND MISCELLANEOUS
SECURITIES
BOUGHT AND SOLD ON COMMISSION.
Bny and
Co.,
Bankera and BroKera,
140
Orders executed on the London and European
Markets.
58
sale of
Government Bonds, Stocks and
Bonds & InTcstment Securities,
20 EXCHANGE PLACE, NEW YORK.
Henry
and
BROKERS,
No.
Co.,
stocks,
Cashier.
Maverick National Bank,
CAPITA L,
SORPLVS,
&
Pondir
of
Breese
JOHNPONDIB. EDUARD MEBTINS. AUO. NATHAN.
Chables Seton Hxnbt.
GENERAL BANKING BUSINESS.
PtiKMx,
L.
MemoerB
on commission, for Investment or on
securities dealt In at the New Tork Stock
sell
Exchange.
BOARD or DUtBOTOBS
Anderson,
BROKER,
Correspondence solicited.
Anversoise,
Foote,
WALL 8TRBBT,
Miscellaneous Slocks and Bonds
Members New Tork Mining Stock Exchange.
Centrale
No. IS
OOTBRNMBNT BONDS. STOCKS AMD MUOBL.
LANEOC8 SBCURITIB8.
FOREIGN EXCHANGE.
Banque
&
Hatch
BANKERS,
BUT ABO BBLl
INVESTMENT SECURITIES,
City,
No. 25 Naaaao Street, Netv Tork.
New Tork Stock
Thirteen Tears' Membership In
Tork.
Co.,
Co.,
J.
BANKERS AND BROKERS,
W. PIBBT.
&
&
Kimball
R.
STOCKS,
I.OGAI.
856.
Financial.
Financial.
Financial.
1.
NO.
19. 1881.
J.
D. Probst
&
Co.,
KTOCK AND BOND BROKERS
Ho. M UCHAMOE PLAOS, NVW TORK.
Stooki, Railboad boxdb, (JoTiajtiuim aij>
M1B<IIU>ANC0CS SICCaiTUa BOCOHT AJID lOLB
fi
THE CHllONICLE.
•
&
Morgan
WALI. STRBET,
CX)RNXB OP BROAD, HKW
&
Brexel
Ms.
Co., August Belmont
M BocTH Thiu> St.,
81
YORK.
&
Co
DepMlU received lubject to Draft. SecurltleB Gold,
40.. Doogbt and sold on CoramiaBion. Interest allowea
Credits,
Clrcalar Letter! for TraTelera,
Cable Transfers.
tTaUable IB all parts ef the world.
Morton,
33 NASSAU
mORGAN &
OLD BROAD
No. »S
ST.,
CO.,
LONDON.
&
firown Brothers
No. 59 TTALI. ST., N.
BUT AKD SKtI.
'
Co.,
parts of the
Co.,
International
OF
Between thii and
ntesara. Jolin Berenberc, Goasler dc Co.,
Hamburg.
_
change,
TRANSFERS, ETC.
ISSUE COMMERCIAL CREDITS, AVAILABLE
IN ALL PARTS OP TUE WORLD.
Foreign Banliers.
LONDON.
Nederlandsche
ipATjiq
^-*"">
-
AMSTERDAM.
-
&
G.
S.
G. C. Ward,
Asurra ro>
BARING RROTHERS & OOJHPANT,
BANKERS,
William Street, New
Handel-Maatschappij,
oommiaaion.
& W. Seligmanfic Co.,
Union Bank of London.
I.I
:
:
Cor.
Wall and Nassau
Issne Letters of Credit for Trarelers,
n any part of Borope, Asia, Africa, Anaand America.
Draw Bills of Exchange and make telegraphic
transfers of money on Europe and California.
&
Be
CO.,
J.
Nom
&
aOBREBPONDBNTS :
BARING BROTHERS dc CO., London.
PERIER FRERES dc CO., Paris.
MENDELSSOHN dc CO.. Berlin.
Chaklis
LONDON.
CO.,
&
Co.,
NASSAU STREET.
BILLS OF EXCHANGE ON
88
niTH, PAlfNE
SniTH'S,
MANCHESTER & COCNTlf BANK,
4c
BANKERS, LONDON
;
"LIMITKD;"
MANCHESTER, PAYABLE OT LONDON;
DLSTER RANKING COKIPANT,
LONDON:
WM. RUgSKLL WISK"
e. Qitincit.
William Heath
&
Co.,
BANKERS,
10 Angel Court, London, England.
Draw
Bills of Exchange and transact a general
financial commission business. Particular attention
Kennedy
William Heath
&
Tork.
RLAKE BROS. & Co.
BANKING CORPORATION.
CAPfTAL (paid-HP)
RESERVE FUND
HEAD
$5,000,000
1.900»000
OFFICE,
HONO KONQ.
Tbe Corporation grant Drafts. Issue Letters of
Credit for use of Travelers, and negotiate or collect
Bills payable at Bombay, Calcutta, Singapore. Saigon
Manila, Hong Kong, Foochow, Amoy, Ningpo,
Shanghai, Hankow, Yokohama, Htogo, San FranolsCO and London.
A, M.
Aflrent, 47 William St.
TOWNSEND,
Nederlandsch Indische
Handelsbank,
A inSTERD Ain, IIOI.I.AND.
ESTABLISaSD IN
&
Co.,
BBI.L
30
WUUam
St.,
cor.
NEW
Excbange
($4,800,000 Gold.)
HEAD OFFICE
Credit on
all
Canadian Bankers.
Place,
AOENCT OF THE
Ba n
Letters of
BerUn.
New York
Ezohuge and Mew York Minlac Board.
Special attention paid to orders at the
k
or
SPECIAL PARTNER,
Stock
AMSTERDAM.
CO.,
AGENTS FOH NORTH AMERICA,
18 WALL STRBET, NEW YORK,
iKi STATE HTREET. BOSTON
principal cities of Europe.
DEUTSCHE BANK,
IN
Batavla. Soeral>aya and SajnanuK
BLAKE BROTHERS &
British
Hilmers,McGowan & Co
the Conxtmetloa and
Batlroada ondeitaken.
li,
Issue commercial credits, make advances on ship
ments of staple merchandise, and transact other
business of a financial character In conneotton with
the trade with the Dutch East Indies.
YORK.
Make Telegraphic Money Transfers.
Draw Bills of Exchange and Issue
1863,
PaldoUp Capital, 13.000,000 Gnlldera,
Lichtenstein,
1
All bnalneas relating to
New
Hong Kong & Shanghai
BANKERS,
AliXAOAD INYBSTIIBITT SBOUBITIMS:
BROKERS IN
COLUOT COOPOHS AND OmDIKDS
WBOOTIATB LOANS AND DRAW BILU OF Foreign Exchange, Stocks and Bonds,
KXCHANGB ON LONDON.
68 W^aU street, New York.
qnlpveat of
Street,
Correspondents In Padang4
Co.,
BANKERS AND BROKERS,
61 BKOADWAY, NEW YORK.
Ukmbzhs or NKW YOBK Stock Bxohanox.
&
WILLIAM STREBT,
New York.
BUT AND
143 Pearl
Agencies
ALao.
S.
for
America
5
1, 1879.
N. Y. Correspondents— Messrs.
AirO OS THX
BANK OF SCOTLAND, Knoblauch
CABLE TRANSFERS AND LETTERS OF CREDIT
John 8. KxmnsT.
j. kiitnkot Tod.
No. «3
Agenu
)
J
Adolph Boissevain & Co.
given to American Securitiea.
EDINBUR6, AND BRANCHES;
J.
YOBK, January
Office,
BELFAST, IRELAND
(TATIONAI.
CARTER,
PARIS.
AVD Cbzditi roa Tkxtxlxu.
J. Stuart
H«w
S.
STANTON BLAKE.
HENRY E. HAWLEY,
AMSTERDAM, HOLLAND
New York,
AND
CommtnTiT. and Tratblebs' CsBDirg.
Co.,
ON
OnoDLiLB
OLIVER
Co., OORIiniSSION MERCHANTS,
FOREIGN BANKERS.
NBW YORK
TXBLINe CHEQUES AND BILLS AT SIXTY William
Heath,
OATS' BIGHT
'".ALEXANDERS &
;
CABLE TBANBFEBS, BILUI OF EXCHANGE
No. 8 Trail Street, New York,
No. 4 Post Office Sqnare, Boston.
CHEQUES AND CABLE TRAN8FBR8 ON
niJNROE
Execute orders for the purchase or sale of Merchandise, Bonds, Btocks, and other securities, in the
United States, Europe and the East make Collectlou,
buy and sell Foreign Exchange, and give advances
upon Merchandise for Export.
BANKERS
AHD
&
Sts.,
1834.
($14,400,000, GoId.)|
York.
Payable
tralla
John Munroe
ESTABLISED
BOSTON, MASS.,
No. 94
'-•.
OF HOLLAND,
Pald-np Capital, 36,000,000 Florin*.
Sound railroad and municipal bonds negotiated.
Sterling exchange bought and sold. Drafts on
Kidder, Peabody
BANKERS,
BROADWAr,
NBW TORK.
Netherland Trading Society
Co.,
Aooonnts and Agency of Banks, Corporations,
Arms and individuals received upon favorableterms.
Dividends and interest collected and remitted.
Act as agents for corporations In paying coupons
and dividends'; also as transfer agents.
Bonds, stocks and seouritlea bought and sold on
63 WALL 8TRKKT, NKW TORK.
38 8TATB STREBT, BOSTON.
J.
&
Jesup, Paton
S3
Ex-
WALKKR,
B. E.
JOINT AGENTS
Tlie
all
ot Drafta drawn in the United SUtei
on Foreign Coontries.
GOADBY &
H.
J,
Bills of
Cable Transfers.
BUY AND SELL STERLING EXCHANGE, CABLB
;
and Paris
Ibke OolleoUoni ot Drafts drawn abroad on
polnta in the United States and Canada, and
(Limited),
YORK.
Issue Circular Notes and Letters of Credit for
Travelers also, Commercial Credits, available In all
parts of the world. Negotiate first-class Railway,
City and State Loans; make telegraphic transfers
of money and draw Exchange on
London
otiier countries, throogli
London
nf
Commercial and Travelers' Credits,
iw aiESLJNa,
ATAILABLE IN ANT PART OF THE WORLD.
TRANSFERS
mAKE XEIiEGRAPHIC
MONBV
Bank
Canadian Bank of Commerce,
16 EXCHANGE PLACE.
OF EXCHANGE
Francs, in Martinique and Guadaioupe.
York.
COR. OF CEDAR,
MORTON, ROSE * CO
BIIiL,S
HOTTINQUER & CO.,
OS GREAT BRITAIN AND IRELAND, PRANOB, CREDIT
LYONNAIS
GERMANY, BELGIUM AND HOLLAND.
Issne Commercial and Trarelers' Credits AMSTBRDAMSCHB BANE,
And In
New
Street,
COBBKSPOXDENT8 OP THK
London.
&
Bliss
ST.,
NKW
IT.,
all
and their correspondents.
Algo Commercial Credits and Transfers of Honey
on California, Europe and Havana.
OF
Ruckgaber,
33 frilllam
31 Nassau Street,
MESSRS. DE ROTHSCHII.D
on Deposits. Foreign Exchange. Commerc'M
&
BANKERS.
Isine Trarelers' Credits, available in
world, through the
Bonlewd HanunMnii
A.KD AexirTS
&
No*. 19
Paris.
Phlladclpbta.
DOMESTIC AND FOKKIQN BANKKB8.
ATTOwrsTS
OLetarm. J. 8.
Schulz
Co.,
fie
BANKERS,
Drexel, Harjes
Co.,
Foreign Exchange.
Foreign Exchaugre.
Forelgnn Exctaange.
Drexel,
[Vol. y«Xlli,
No.
North America,
5ft
IVALI.
STREET.
Bu7 and sell BterllnK Bzcbange and Cable Tr&n»
fera. Issue demand drafts on Scotland and Ireland
on Canada, British Coliimbla, Portland, Ore^en,
9aD i^ranclsco and Chica^fo.
BllU collected and other banUnx business transalso
^.tAlr^''^}^"^
NOTXMBSR
THE CHKONIOLE.
19. 1881-J
Wemom
Canadian Bankers.
-
s«;rpli;n,
-
0. r.
912,000,000, GoM.
S,000,000, Gold.
BMITHERS,
W.
NSW YORK
No*. 69
it
Manager.
WAI.TBB WATSON, ( A«enu
.„„„,,
ALti'u LANO.
)
Bar md nil Sterlliui Bxoliiuige, Franoa and Cable
Traiufen grant Commercial and Travelera CredlU
arallabla In any part of the world; Issue drufu on
and make collections In Ohtca«o and throughout
lb* Dominion of Canada.
:
OtBce, No. 9 BIrcbIn Lane.
L«Bdon
Merchants' Bank
OF
CANADA.
$5,600,000 Paid Up.
PTMldent. the Hon. JOHN HAMILTON.
Capital,
-
-
TOPEKA, KANSAS.
Collections and correspondence receive prompt attention.
CoKKicnpONrilXTn.— Boston, National Bank of
Aaicrl('a; New York, American Kxohange
National Hank and Ninth National Hank; Chicago.
Preston, Kean A Co.: St. Louis*. Third National
Bank Kansas Cltv, Bank of Kansaa City and Merchants' National Bank
;
Manasei
LONDON, BNO.— The Clydesdale Banking Comp'j
NBW YOKK— The Bank of New York. N. B. A.
The New York Agency buys and sells Sterling Bz*
ehange. Cable Transfers, Issues Credits available In
all parts of the world, makes cnllections in Canada
ana elsewhere, and Issues Drafts payable at any of
the offloes of the bank In Canada. Demand DraftJ
iHued payable In Scotland and Ireland, and every
description of foreign banking business undertaken,
Nenr Xork Agency, 48 Exclianee-place.
BKNRY HAGUE
JOHN
)
HARRIS
B.
JR.,
.,.„t,
-^Ke"""-
S
Chleace Branch, 138 Waahlngton Street.
ARTHUR WICK80N,
Manager.
Imperial Bank of Canada
Capital, $1,000,000.
HOWLAND. Pres't
Negotiate School District, Township, City and
Write for ciroulars, blanks and
eferences.
County Bonds.
QIC. A. Lkwis,
U.
D. B.
WILKIB, CasUer
OFFICE, TOKONTO.
BRAHCHES:
Port Colborne, St. Thomas, Ingersoll,
Welland, Fergus, Woodstock, Winnipeg, Man.
Dealers in American Currency & Sterling Exchange.
Agents in New York:
Agents in London
:
BOBAMQurr. Salt a
I
Bask of Montreai,,
Co.,
5U Wall Street.
IS I<ombard Street.
Promptest attention paid to collections payable in
any part of Canada.
Approved Canadian business paper, payable In
gold or currency, discounted at tue Head Office on
reasonable terms, and proceeds remitted to any
part of the United States by draft on New York.
Special attention given to colleotloni.
Banks and Bankers
Gzowski & Buchan,
TOKONTO,
Prompt attention given to Collection of Commereial Bills and Cantidian Funds on all points in Canada; American and Sterling Kxchange, and Stocks,
Bonds, etc., bought and solo.
Correspondents— Bank of New York, New York
and Alliance Bank, Lc>udon,
Illinois.
RRANDER,
BONDS,
Afent.
IBS UBS Commercial and Travelers' Credits, avail*
able In any uart of the world. Draws Kxctiange,
Foreign and Inland, and makes Transfers of Money
by Telesraph and Cable.
THH
Anglo-Californian Bank
(LIMITBD).
LONDON, Head Office, a Angel Court.
8AN FRANCISCO Office. 432 Callfortila
NBW YORK
BOSTON
-
•
$6,000,000.
1,700,000.
Transact a general banking business. Issue Com.
merelal crediu and Bills of Rxehange, available In
all parU of the world. Collections and orders for
Booda, Stocks, etc.. executed upon the most favor
FHED'K F. Low,
)„
lONATX STKINHABT, 1 Managert,
LILIBNTUAL, Cashier.
abletarmi.
P. N.
Co.,
LOITIS,
Iflo.
Western Investment Securities for
sale. St. Louis City and States of Missouri, Kansas,
Texas. Arkansas and Colorado BondiJ a specialty.
Full infurmatiun given in reference to same on aplioation. Coupons and dividends collected.
Leonard Matthews.
Matthews
Edwards Whitaker,
Member
&
N. Y. Stock Exch.
Whitaker,
BROKERS AND DEALERS IN
City, County and RR. Bonds & Stocka.
State,
Orders receive prompt and personal attention.
Correspondents, Messrs. Maxwell & Graves, New
York City, and Messrs. Blake Brothers & Co., New
York and Boston.
C. F.
PKNZIL,
President.
STATE BANK,
j
(
Incorporated
ISTtS.
)C. T. WALKKB
Cashier.
i
979,000
23,000
(Paid-in)
SURPLUS,
Prompt attention given to all business In our line
N. Y.COBKKSi'o.NDKNTS— Diinnell. Lawson & Co,
and the Metropolitan National Bank.
Geo. K.
IT
NASSAU
TORK omCE:
^riLLIAH 8TRBBT.
Head
The buslnese of
DEALERS IN
FIRST-CI^ASS
INVESTMENTS.
Bny and Bell on Commission, for
gin, all securities dealt In at the
cash or on marNew TOrk Stock
Exchange.
Interest allowed on dally balances.
All deposits subject to check at sight.
Particular attention to orders by mall or tele
graph.
iSoodtf, "
ft
cor.
BOODY, SALTONSTALL «
CO.,
Clinton
sta., Brooklyn,
R. MARVIN.
TRUSTEES
N. T.
VIco-Prest.'
Wm. S. Kendall, Henry ganger, Alex. McCne,
Chae.R.Marrln. A. A. Low,
John P. Rolfe,
E.F. Knowlton, Abm. B.Baylis, Henry K. Sheldon,
H. E. Plerrepont, DanlChauncey, John T.Martin,
Alex. M. White, Joslah O. Low, Kipler Ropes,
Austin Corbln. Edmund W. Corlles.
WM.
B.
BUNKER.
Seoretary.
Gwynne & Day,
No. 45
[Eatabllslied 1854.]
WaU
StreM
Transact a general banking and brokerage bust*
ness In Railway Shares and Bondi and OoTemmeot
securities.
Interest allowed on depoaiu. /,^irt
Inveetmentsoarefnlly attended tOi
^
(f
AT>Wr<t|
.
.
ESTABLISHED
1864.
Coleman Benedict & Co,
No. 24
BROAD
ST.,
NEW YORK,
STOCKS AND BONDS,
OIT
THE
N.
T STOCK EXCHANOB.
A strictly eommlsalon bnslneaa conducted In the
purchase and sale of Stocks and Bonds on Margin
or for Investment.
Complete Klnanolsl Report Issued weekly to otir
correspondents
American Cable Con.
Continental Con.
Mexican ^'alional Sab.
mutual Union $iub.
North Kivcr Con.
Oregon ImproTement.
Oregon Tran§contlnental.
Ohio Central Sub.
AI.BX. S.
Exchance Place, N. T.
solely that of
Is
CHAS.
A
NO. 58
38 Broadway,
Montreal, Canada.
Company
This Company Is authorised by special charter to
act as neoeiver, trustee, guardian, executor, or adBlnlstrator.
It can act as went In the sale or management of
real estate, ooflect Interest or dividends, receive
registry ana transfer books, or make purchase and
sale of Government and other securities.
Religious and charitable institutions, and persons
unaccustomed to the transaction of business, will
find this Company a safe and convenient depository
for money.
RIPLEY ROPES, President.
,
D. A.
BANKERS,
Offlce,
this
The Brooklyn Trust Co,
Tol. CInn.
"
'
and forms may be obtained,
Quarantee.
MEMBERS
Sistare's Sons,
ST., NEW YORK,
General Manager:
kswabd rawluor.
|
KBW
No. 4T
LITTLK ROOK, ABK.
CAPITAL,
3T0,00«
320,000
300,000
|
ST. LOUIS, MO.,
St.
Agents, J. Sl W. Selunnan * Co.
Correapond'ts, Masaaoliueetta N. B'k.
Aathorlaed Capital, Paid op and ReaerTe,
&
STREET, ST.
Mew York
L.
Missouri or Kansas bonds.
PTF. Keleher
OF
8.
OF ITOBTH AUKBICA.
Cash eapttal
Cash assets over
Deposit at Albany
Cor.of Montacrae
FiBancial.
SAN FRANCISCO.
Agency, 63 IVall St
Bonds of Surety sliip
The Guarantee Co«
Street, St« Loala, Mo..
Defaulted bonds a speclaltj. Choice InTestment
securities always for sale, write to us before you
CalUomia Bank§.
The Nevada Bank
Wm. M. Rlobards. CoURSiL— Moore A L««;
or from the
Co.,
Bonds or Stocks.
CANADA.
INVESTiD" IN U.
84,000,000 GOLD.
&
German Bank,
STOCK BbOKEBS,
Wh. M. KiciiAHns. I'rest. ioun M. Ckahb, See'r.
niHCcrona—George T. Hope, Q. O. Williams, J. 1.
T.Stranahan. A. B. lIull.U.B. Claflln, J. D. Malrt,
A. 8. Barnes. U. A. Uurlbnt, Lman w. Brtggs, W.
O. Low, Charles Dennis, H. B. Chittenden, Oeorae I,
Proceed!
Aooonnts of
DEALERS ly
Western and Sonthwestern Municipal and Railroad
305 OlilTE
bonds and undertakings required by the eoartaof
this Mtate In civil actions and prooeedlngs.
Korm of application and full nartlculars can be obtained at the onioe of the company, 1H7 Broadway.
Wliere'all Informa'lon
John V. Hogan
buy or sell any
New Torli Insnranca Denartnisnt. t.*. B. Gorernment Bonds
100.000 00
ilonds isiiusd guHnin'.,'« ng the fldnltty of persons
holding positions fit pAouniary trust and reapoaal.
blllty ; also guardian's bonds In Surrogates' Conrta
IndemnltT bonds to Mhertflk, and guaraDtee all
Depos't with
Bis ALmx. T. Oalt.
solicited.
113 No Third
or MMW TORK,
2a£r^^i^"""""""":""""v::::'R?»8
President:
KENTUCKY.
r.OUISTILLB,
|
BAiTKEBS AITD
DEPOSITORY.
8.
ARE IB8UID BT TBI
FIDELITY * CASDALTT CO.
A. L. Schmidt, Cashier
Pres't.
National Bank,
First
riDKUTT flUABANTBE BONOS I
Coe,
WB8TBRN FARM M0KT0AOE8, YIBLDINQ
AND 8 PKR CKNT. A SPECIALTY.
First-class
St. Catharines,
GEORGE
Co.,
1/3 AN BROKERS,
KAN8AH CITY, MISSOURI.
promptly remitted at best rates.
BANKiCRS:
aUBPLUB,
&
Conklin
Jarvis,
OFPICB, MONTREAL.
H£AD
MO.OOO
Municipal Bonds and Mortgage Loans Negotiated.
Bight per cent Farm Mortgages a specialty,
A
JOHN MlLKNNAN, B8Q
OVOROB UAGUB. General Manager.
WM. J. INGKAM. Asst. General
H.B.
Capital.
-
Vice-President,
HEAD
Co.,
BANKERS,
North
OfFlCE,
WALL MTRKET.
01
Financial.
(IKNBRAL BANKING BUSINESS TRANSACrBD.
Prodldent.
BUCHANAN, General
J.
&
A. Prescott
Bank of Montreal.
CAPITAL,
Banken.
'
St. L,oals.
EASTON,
BROADWAY.
H. B. BAOOS
CLAKZ
&
Bacon,
ANKKRS AND BROKERS,
Clark
IMS I,B Salle St., Chlcaco.
TRANSACT A GKNKKAL BANKING BUSINESS.
S Plae Stre«t, Nevr Fork.
INCLUDING TlIK I'UKCIUSE AND SALE OF
STOCKS AND BdNDM KDH CASH OR UN MARBuy and sell on commission all ftecurtties dealt In
GIN. BUY A«DSKI.LC0M.MKRC1AL PAPER.
New
York Stock and the New York MInlBc
St tha
P. O. Box U7.
Bxehangee. DepoclU received and latareat allowed
I'. W. MOLnXAH, JH
D. A. BOODT,
onbalaaoe
r. O. 8AI,IOMSTALLi
BaOBSN LUASS,
THE CHRONICLE.
k
Financial.
Financial.
Albert E. Hachfield,
AMERICAN
Financial.
RR.
Pennsylvania
Co.,
PhiUUJKLPHIA, Not. 1. 1881.
TK* Board of DliectorB haTe this day declared a
gemi-Annual Dividend of FOUB PE!B CENT on
all
tbe Capital Stock of the Company, clear of
30,
taxes, payable In cash on and after November
books at
to stockholders as registered on the
Deals in InTeatment Securities and
JOHN
D.
W^ ANTED
Treasnrei
THE
91,000,000
Capital Stock, SOUND INVESTMENT SECURITIES furnished
to Corporate
—
STUYVE8ANT
bonds.
,
Chicago
N. T., August
St.
1,
Louis
FISH, Secretary,
PACIFIC RAILROAD COM-
1881.
offick of the indiana bloominoton
m
>
Westbbn Railwat Compant,
No. 115 Broadway, New York.)
OF THE FIR^T MORTGAGE
COUPONS
Bastern Division Bunds uf this, company due
Dee. 1 wlU be paid at the Corbin Banking Company,
No. 115 Broadway, New York.
F. W. DUNTON, Treasurer.
States, Counties.
the Corbin Banking Company, No. 115 Broadway,
HENRY GRAVES, Treasurer.
New Tork.
RAILWAY IMPROVEMENT
AMERICAN
COMPANY.
NEW YORK, Nov.
No.
15, 1881.
10.
TEN per cent on subscriptions for bonds and stock of the New Orleans
Pacific Railway will be due and payable on Nov. 25,
1881, at the office of Woerlshoffer & Co., No. 54 Exchange Place, New York.
Checks should be to the order of C. F. WoerlshThe Tenth Instalment of
Payments will be indorsed upon
oertiflcatee. and bonds appertaining to the Sixth
SBth) Instalment will be ready for delivery upon that
C. F.
late.
W0BRI8H0FFBR,
Treasurer.
WILL BUY AND SELL INVESTMENT 8BC0RITIBS on Commission.
WILL BUY OB SELL DEFAULTED BONDS
J.
DEALER IN
American Cable Construction Company,
and Improvement Co.,
Construction
Continental
North River Construction Company,
Ohio Central Subscriptions,
Richmond & West Pt. Terminal & W'houslng Co.
New Tork, Chicago & St. Louis Subscription, and
all
other quotable Construction Stocks.
NASSAU STREET,
17
BASEMENT.
FOR CHOICE
Mortgage Loans,
PER CENT,
SOUTHERN 8 PER CENT,
WRITE
FRANCIS SMITH,
INDIANA
OFFICE OF THE TREASURER,
)
No. 12 WALL STREET, NEW YOBK. '
of Directors have declared a Quarterly
Dividend of One per cent on the preferred stock of
this company, payable December 1, 1681, at tbe
OfBce of Hatch & Foote, No. 12 Wall Street, New
York. Transfer books close November 20 and reD B. HATCH, Treasurer.
open December B.
6
IndlanapoUs, Ind., and Atlanta, Ga.
H.
L. Grant,
No. 146
BROAD^VAV,
NEW YORK.
OF THE JOCUISTITA MINING
OFFICE
COMPANY, IB WALL STREET, NEW YORK, NOV- riTV KAILKUAU STUCK» & BtiMUh
vember
18, 1881.
DIVIDEND No.
BOUGHT AND
2.
The Joonlstlta Mining Company has
this day declared a dividend Of $100,000, being one dollar (»I)
per share, payable at the office of Lonnsbery *
Haggin, 18 Wall street, on the 30th inst. Transfer
books close on the 25th inst.
After setting aside this dividend, the Company
has
'^
s caih surplus of 1378,000.
B. p. LOUNSBBBY, Treasurer.
OFFICE OF THE HOnESTAKE
MINING COMPANY,
TOBK, November
No. 18
Wall
St.,
New
12, 1881.
DIVIDEND
No. 39.
Tbe Regalar Monthly Dividend of Thirty Cents
per share has been declared for October, payable
•t the offloe of the transfer agents. Wells, Farco &
Co., 05 Broadway, on the 25th instant.
Tranaf er books close on the 19th instant.
H. B. PARSONS, AssisUnt Secretary.
OFFICE OF THE
AHSBICAN dock * IMPROVEMENT COMPANT
119 Liberty St., New York, June 16 1881
AMERICAN DOCK & I.lil'KOV'Ei
BVE
TPS
lMeNT OUMPANY, having reserved
the right to
pay the principal and Interest of their bonds dated
OWaber l.lMe.at anytime after the first day of
six months' notice
'FSK^' ;* J,"*- "."'""K g'ven
'"<='' payment, notice Is
^.SSrL"'"?'''.'^?
'?J''"'
MMby given to the 'Sholders
of the said bonds that
Commay.
In
the
the
exercise of said right will nav
Mieprlnafcal and interest of the said bonJs at the
MatXonal Baok of Commerce, on the Slst day of Deeember, U6I. at which date Interest on said bonds
win OWMS
JOHN 8. BABNB8, Vloe-Pr«rt<liSt.
.
SOLD.
See quotations of City Railroads in this paper
WM.
21
C.
NOYES,
NASSAV STREET,
plication.
JOHN C. SHORT, President.
JOHN C. NEW. Vice-President.
WM. P. "WATSON, Sec'y and Treas.
C. Chew,
J.
WALL STREET, NEW YORK.
TEXAS RAILW^AYS,
BONDS, LANDS, &e.
No. 7
Desirable Texas Securities for Investment oopBtantly on hand
Kountze Brothers,
BANKERS,
and
STANTON,
S.
or
convert them Into Interest-paying investments.
Circulars and other information furnished on ap-
GEO. B. HILL & CO., Brokers,
PITTSBURG, PA.
X>OSTON «e NEW YORK AIR LINE RAIL-"bOAD COMPANY.
The Board
Alleslieny, Pa.,
of Alleglieny, Pa.
County
Treasurer.
offer.
of Railroad Compan'es and other
Corporations whose property is In the hands of
Receivers or Trustees.
OF THE
and
conducted for
and for Railroad
WILL CONDUCT THE FINANCIAL BB-OK-
:
Cities of Pittebnrg
Cities,
GANIZATION
CLASSES OP BONDS
TO
Towns and
Companies and other Corporations.
WANTED
PORCHASB ALL
office of the ohio southern railroad )
Company, No. 115 Broadway, New York. 5
OF THE FIR.ST MORTGAGE
COUPONS
bonds of this company due Dec. I will be paid at
CIRCULAR
FINANCIAL NEGOTIATIONS
PANT.
I
& New Orleans RR. Co.
for
Railroad Companies having lines under construction, and their Bonds purchased or negotiated.
MORT-
I
and Private Investors.
CAPITAL FURNISHED OR PROCURED
& Dayton Bonds
OMAHA BRIDGE BONDS.
;
NEW YORK,
ST.,
:
In accordance with the provisions of the above
bonds, we, the undersignPd, hereby give notice that
^he following numbers, viz.:
^
1460
1098
1389
866
1174
1086
1679
SioMTABT's Office, Citt of Dallas, )
13i2
1909
619
473
8461
1239
1807
Texas. November 2, 1881. S
1898
1020
1526
798
48
1254
1495
Bids will be received at this offloe till December 1541
1256
148
672
2092
1805
2100
1,1881, for the p.rohase of $100,000 of Dallas City
1117
1581
792
1408
115
762
water Works bonds. Said Konds to date January 1078
1528
1183
1454
1673
1015
2229
Denomination, $1,000 each. To run for 1172
1, 1882.
2486
2044
2351
1040
1705
899
twenty yenrs. and bear interest at 6 per cent per 1991
1236
801
2035
908
241
138
utnum. Payable semi-annually. Principal and in- 1644
21
124
327
1876
2408
771
283
Torn.
In New
payable
terest K
J
„
„
X
1200
1384
397
1112
2250
1711
1142
a.M. 8W1NK, City Secretary.
535
1163
2149
538
2431
575
632
were this day designated by lot in our presence to
SECOND
be redeemei. together with the premium thereon,
at toe London & San
GAGE BONDS OF THE MISSISSIPPI CBN. as provided in said bonds,
Bank. Limited, No. 22 Old Broad Street,
TRAL RAILROAD COMPANY are again notified Francisco
London, E. C, England, or at the office of Drexel,
valid
and
overdue
as
are
bonds
that such of these
Morgan * Co.. in the City of New York, on the first
by the endorsement of the President of said Missis- das of April, 1882.
New York. Nov. 14, 1881.
sippi Central Railroad Company, will be paid on
J. PIERPONT MORGAN, )m„,,.„
trustees.
ELISHA ATKIN.-*,
J
presentation at the ofBce of the Secretary of the
J. HOOU WRIGHT, of Dreiel, Morgan & Co.
Chicago St. Louis & New Orleans Railroad ComKings
Public,
Notary
B.
Horn,
WALTIB
Attest
pany, 214 Broadway, New Tork and that Interest
.^
,
County. Certificate filed In New York Co.
,
any
paid
on
of
said
SEAL
will
no
longer
be
and
ceased
has
HOIyDEBSOF THE
ST.,
PHIIiADELPHIA,
PORTLAND BLOCK, CHICAGO.
St.
Cincinnati Hamilton
WORKS
BIDS FOR IVATER
BONDS.
&
& r NASSAU
434 1,IBRARY
Louis Ists.
Columbus A Toledo Ists.
Joliet & Northern Ists.
Cincinnati Richmond &, Fort Wayne Stock.
Indianapolis
THE UNION
TATLOR,
5
Bonds GeneraUy.
SP. M. OctsberSl.
On November SO dividends will be paid to women
only; after that date they must await their turn
wltb other stockholders.
FINANCE COMP'Y,
NASSAU STREET,
IT
DEPARTMENT,
TBKASIJIIEH,'»
[Vol. yxXTTT
NEW YORK,
DEALER IN
GAS STOCKS Al^D BONDS,
TELEGRAPH STOCKS,
130 Broadway (Eqnltable BaUdlnc),
NEW YORK.
LETTERS OF CREDIT
CIRCULAR NOTES
Issued for the nse of travelers in
all parts of the world.
drawn on the Union Bank of London
Telegraphic transfers made to London and to
various places In the United States,
Deposits received subject to check at sight, and Interest allowed on balances.
Qovemment and other bonds and Investment securities bought and sold on commission.
BtllB
NOTICE.
INVESTMENT A; SECURITY REGISTRY EXCHANGE.
(LIMITED.)
40 NEW STREET, NEW YORK.
This Exchange FOR DEALINGS in Securities
not listed on the N. Y. Stock Exchange, Mortgages,
and other properties. IS NOW OPEN FOR TUK
RECEPTION OF THE FIRST ONE HUNDRED
MEMBERS. Those wishing to ]oln will make application to
JOHN L. HOBSON, Secretary.
Spencer Traik
Fred. S. Noytt.
Geo. F. Peabody.
Spencer Trask & Co.,
BANKERS AND BROKERS,
70 Broadway,
New York
City.
Transact a general Banking Business
Stocks
Bought and Sold on Margins.
on Deposits.
Interest allowed
Branch Offices,
Connected by Private Wires,
TRUST COMPANY8' STOCKS.
Philadelphia, 132 S. Third
St., C.
City and other Railroad Stocks & Bonds
Albany, N. Y., Maiden Lane,
W. A. Graves.
AND
Saratoga, N. Y.,
Grand Union
F. Fox.
Hotel.
MISCELLANEOUS SECURITIES,
&
Town Bonds of W^est. States.
/Wisconsin Central RR. Old Land Grant Bonds.
Joseph & Western RR. Stock.
Joseph & Pacific HR. Bonds.
City of St. Joseph, Mo., Old Bonds.
Clonnty, City
International
Improvement
American Cable Co. Subscriptions.
Midland Railroad of N. J. Securities.
Chicago A (iriind Trunk RR. Securities.
South Carolina HK Securities.
Grand Rapids & Indiana HR. .Stock.
Clnolnnatl Richmond A Fort Wayne Stock.
IBoaglit by WM. R. UTLEY,
No. 81
PINH STREET,
NEW
YORK.
E. Odell,
AGENTS FOB
Co. Subscriptions.
Brooklyn Elevated RR. Securities.
&
C. H.
St.
8t.
Steel
and Iron Rail
nANUFACTlIRERS,
101 John Street,
mW
YORK
Booms 10 k
CITY.
11.
financial
W xtmtk
AND
HUNT'S MERCHANTS' MAGAZINE,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATB8.
(Entered, aocordlng to act of CongreeR, In the year 1881,
YOL.
by Wh.
B.
Oana A Co..
SATURDAY, NOVEMBER
33.
CONTENTS.
tected, directors are
Ellison & Co. '8 Annual Review Xa
ment
of the Cotton Trade for the
539
The Financial Situation
540
545
Season 1880-81
New Trunk Lines of Railroads 542 Monetary and Commercial
New Orloaas and Its New RailEnglish News
550
road Connections
543 Commercial and Miscellaneous
Rights
of
I'urchascrs
of
News
552
Coupons
544
Direction and Manage-
TOE BANKERS GAZETTE.
Money
-
Marliet.
Foreign
chuDgc, U.S. Securities, State
and Railroad Bonds and
Stocks
554
Range in Prices at the ». Y.
Stock Exchange
555
Returns
Oommercial Epitome
558
Investments, and State, City
and Corporation Finances... 559
THE COMMERCIAL
TIMES.
in general
Such
and the public are wholly unpromere ornaments, and bank vaults are
empty
shells.
loose writing
would be unworthy of notice were
it
Newark disaster had disturbed confidence in
bank management to such an extent that the public is
not that the
ready to credit almost any absurdity, and even the idlest
rumor becomes disquieting. We have had a case in point
week, when operators in a speculative stock gave currency to a suspicion with regard to the Tradesmen's Bank;
this suspicion,
excited
568
669
i
—quickly
medium
found instant
changed
in passing
through the
of street gossip into positive assertion,
belief, at least sufficient to unsettle all
values
High character covered up utter
Newark case this being an unques-
Stock Exchange.
at the
562 Breadstofls
563 IDry QoodB
Cotton
856.
this
Quotations of Stocks and Bonds 556
Now York Local Securities
557
Railroad Eamlngs and Bank
Ex-
NO
1881.
19,
creatures, stockholders
THE CHBONICLE.
Bonk
In the vIBce of the Librarian of ConKreia, Waablngton, D. C.|
ruin for years in the
;
crowd naturally adopts the
old maxim, ah uno dice omnes, and the more readily since
the thought is so evidently encouraged and fed by the
portion of the press which still persists in using that case
as a text for essays on directors' duties an 3 as a sample of
tioned fact, the unreflecting
Thb Cohk£RCIAL asd Fihancial Cheoniclb
day morning, with
is
issued every Satur-
news up to midnight of Friday.
[Entered at the Post OfBce at New York, N. Y., as second-elasB
mail matter.]
the latest
directors' watchfulness.
It
TERMS OF SUBSCRIPTiON-PAYABLE
IN ADVANCE:
For One Year (including postage)
$10 20.
ForSixMouths
do
6 10.
Annual subscriptionlnLondon (includingpostage)"."."' S,2 7s'.
Sixmos.
do
do
do
1 8s.
Subscriptions will be continued until ordered stopped by a written
order, or at the publication offlee. The Publishers cannot be responsible
for Remittances unless made by Drafta or Post^OlIlce Money Orcfcrs.
AdTertlaementa.
Transient advertisements are published at 25 cents per line for each
Insertion, but when detinite orders are given for ilve, or more, insertions.
liberal
discount is made. Special Notices in Banking and Financial
•
oolumu 60 cents per line, each Insertion.
Loudon and LiTerpooI
Offices.
The otHce of the Ciiiionici.e in London is at No. 74 Old Broad Street.
and in Liverpool, at No. 5 Brown's Buildings, where subscriptions and
•dverUsements will be taken at the regular rates, and single copies of
the paper supplied at Is. each.
WILXiui
B.
DASA.
*OHl« O. FU)ID.
WILLIAM
(
79
i
ft
B.
81
DAITA & 00., FabUsheri,
WiUiam Street, NEW YOBK.
Post Offiob Box 958.
vr
A neat file cover is furnished at 50 cents postage on the same is
,
18 cents. Volumes bound for .subscribers at f 1 00. A complete set of
the Commercial a.sd Finanoiai- Cn bohicle—July, 1865, to datecan be obtained at the oOlce.
;
ought to be a
make
The
sensitiveness felt with regard to the condition of
our national banks
is
a marked feature of the situation at
moment. This is due in good part to the
discussions which have been indulged in, since the Newark
bank failure, respecting the powers and duties of directors.
In fact, some writers appear almost to take pleasure in misthe present
repre.:enting the relation in
bank.
And
which such
officials
stand to the
because a director in his individual capacity
has no authority to run the institution over which the
board presides, nor any right to meddle with the clerks or
books or securities as he certainly could not have with
8^«ty it is quickly assumed that oflScers are irresponsible
—
—
answer to such attempts to
of universal appli-
cation, to simply cite the history of the National
system.
Banking
Newark case is only a specimen of the
management is thus unconventional and loose
If the
—
whole
—
if all
and frequent
show that out of a total capital
dollars which has been invested in this
losses in the past could not help being large
On
the contrary, the facts
of about 530 million
way under the
national system since
organization
its
that includes banks that have gone into voluntary liqui-
dation and those
utions
—out
tliat
of
have faUed as well as existing instiof about 530 millions' thus
a total
invested, less than 19 millions
— scarcely 3^ per cent— covers
the total capital of insolvent banks up to the beginning of
the last
fiscal year.
Where will you
that will compare with that ?
forcible
BANK DIRECTION AND MANAGEMENT.
sufficient
Bank management
the Mechanics'
find a
And what
answer such a statement presents
banking record
a complete and
to these foolisk
charges of loose management and unsavory condition
we
confine ourselves to
Besides,
if
zations,
the facts
New York
become even more
I
city organi-
striking; for there
appear to have been only five failures here during all
that time; and if we omit the Ocean Bank with one
million dollars capital^ and the Commonwealth with seven
hundred and fifty thousand dollars, we only have left
three which altogether represented the paltry sum of nine
hundred and fifty thousand d ollars capital. Furthermore,
every one of the five banks referred to have paid their
creditors in full, except the little Croton, and it paid 82J
per cent.
Such
facts as these leave
no room for criticism or for
THE CHRONICLE.
510
uneasiness with regard to the stability or
management
of
That they must have been guarded
our city banks.
closely and carefully and are being so guarded now under
We
believe
accept with
men who
that
it
XXXIU.
[Vol.
accept such a position should
the duties and responsibilities of the oflBce.
This our bank 4 directors seem to have done fully
There were special peculiarities in the Newark managewise
to
be
would
not
it
which
a system of management
from
ment which made such a collapse possible. We haveconclusions
necessary
and
natural
vary much, are
explained them on a previous occasion (Chronicle, Nov.
governbank
too,
that
Remember,
recital.
this simple
repeat what we then said.
oldest
and
earliest
are
the
Banks
5, page 479), and need not
science.
new
no
ment is
corporations in the world, and in this city some of those
now existing date back to the very beginning of our
national
The presumption would
life.
without these
that
facts,
be, therefore,
THE FINANCIAL SITUATION.
even
experience has brought such
The
influences
money market have not
a
with an upward tendency in the rates-
affecting
the
materially changed this week, but the inquiry has been
manao'ement pretty near perfection, and that those among little more urgent,
us who have made it their study and have the responsibil- There is a disposition to attribute this increased activity
ity thrown upon them, are likely to know and follow the largely to manipulation in connection with the stock marThis we say would be the fair presump- ket, but it seems to us to have been natural and the direct
wisest system.
of aur national system compared result of forces at work for some time and indicated by
history
the
tion; while
that have ever existed either in us last week.
systems
other
all
with
A
America or Europe, clearly proves that experience has not
been lost upon us, but that our banks are especially well
in
conducted.
unfavorable to
Since, however, so
much
attention has been called to the
subject of directors and their duties, it will be worth while
to say a word with regard to the position such officers actually
And
do hold
in a thoroughly
first of all it is
arranged bank organization.
evident that they are neither Presi-
dent nor Cashier, and could not, without great harm to the
bank, be allowed to usurp the duties of either.
should not think of referring to this point, had it not been
We
repeatedly claimed within the last two weeks that the
individual director ought to be allowed to go in and out
without hindrance and personally and at all times examine
accounts,
securities
the safety
—not
and cash
at
to speak of the
will.
Where would be
discipline
—
of
such an
cause
special
of
disturbance,
but
producing
was the rumor
the Tradesmen's Bank, which we have
the main only temporary pressure,
commented on
in a previous article.
In the present sensi-
mind respecting bank management, this absurd stery was able to gain currency enough
to unsettle confidence for the time being; but a prompt
and thorough examination made by a committee of th&
Clearing House and their report Tuesday morning,
emphatically denying that there was any ground for suspicion, removed the fear, and in good part quieted the
Subsequently, however, the run on
disturbed feeling.
Some of
the Newark Savings Bank acted unfavorably.
the directors in the collapsed Mechanics' Bank of Newark
were also directors in the savings institution, and hence
tive state of the
public
the loss of confidence in the latter.
This was,
we
believe,,
institution, for who is to watch the fifteen directors in wholly without reason, as the bank was, and, we aretheir daily wanderings, or be responsible for valuables informed on good authority, is, able to meet all demands
Such rumors impeaching the credit of banks-thus within the hourly manipulation of these ubiquitous against it.
fail
It cannot be necessary to dwell upon this in high standing, although groundless, could not
guardians.
point, for every reader will see at once, that such a man- under these circumstances to disturbjthe free course of the
agement, instead of securing, would endanger the discipline, money market.
and prosperity of the institution.
But as a board, the directors of a bank are the supreme
power. They meet twice in the week, when a report is
submitted to them by the President, of all the loans made
and business done since the last meeting, and they there
pass upon the whole, and either adopt, retract or modify
every transaction according as their judgment may dictate.
As often as they may think best, they have the right to
order an examination of every department of the institution
over which they preside. This is always done in wellsafety
But aside from these rumors, there has been real reasonthe gradual hardening of the market in the continued and increasing accumulations in the Treasury while,
our banks are meeting the demands for moving the crops.
We showed how such a condition must result last week_
The Treasury for some time, and from one cause and
another, has been holding an unusually large amount of
for
all of this beyond the necessary reserve
and working balance is so much taken out of the reserves
of the banks, and to that extent reduces their power to
regulated banks at least twice a year before dividends are meet the demands upon them.
In fact, our Clearing:
declared.
A committee is appointed, and when they enter House banks hold less gold and legal tenders to-day than
upon their examination they take complete control of the they held a year ago, notwithstanding the country has in.
institution; then they allot for
of their
number
examination to one or more
the cash, to others the
demand
loans, to
others the securities, &c., &c., until they have allotted to
lawful money;
the meantime gained
by import and production about
12.5
With this as the existing condition, it is
not wonderful that the money market should speedily feel
millions of gold.
some one and had examined the matters covered by every further extractions by the Government from it.
item in the balance sheet. This we say is done regularly
We expressed the opinion that this must be so a week
twice a year and at as many other times as the directors ago, unless the Treasury adopted some plan for purchasing
may think best. In fact, at any period if there was even bonds more effectual than the present. There were only
a suggestion of wrong-doing in the slightest particular, $38,550 extended bonds offered for redemption ©n
ihey could, and of course would, at once act through a Wednesday and, therefore, nojrelief can be looked|f or under
committee and remove the doubt. These points, in sub- the plan announced by Acting Secretary French
stance, cover the duties of directors.
two weeks ago, of offering to redeem two mUlioii
It is unnecessary to continue this discussion further. uncalled bonds on each Wednesday.
It was hoped and
-No one would be more earnest than we in condemning a really expected that Secretary Folger, who took office on
loose system of bank organization or bank management. Monday, would in some way indicate his purpose with
Nor have wo any sympathy for what the London respect to these redemptions, but up to this time he has
Times called the "guinea pig" method of directorship. refrained from making any ofBcial announcement, although
.^
NOVSMOBR
THE CHRONICLE.
10, 1881.1
541
The exchange market was strong until Tuesday, when it
is to the effect that a call for at least
made.
be
fell
will
soon
off by reason of a better supply of bills, and the tenGs
extended
"20 million dollars
market
is
again
dency,
money
the
as we write, is toward lower rates.
however,
meantime,
It is reported
In the
manipulated
for
that
it
can
be
part
of the supply cornea from bills drawn against outwhere
position
the
placed in
the latest information
and the Government is therefore
some effective measure of relief.
Experience has shown that a call for bonds does not afford
a direct response, and even the offer to redeem called bonds
speculative purposes,
to for
earnestly looked
going
reason probably
the
time
for
•collateral
not
do
owners
is
they are
unless
that
care
called
and
them,
disturb
to
if
Won. H.
U.S.te.o.
n.S.SKa
Brie
called they are retained as near as possible to the matuTherefore it is not clear that another
rity of the notice.
2d con.
ni.Cent.
N. r. c.
money market,
BeadInK
even if, as is suggested, the Secretary offers to redeem the
bonds on presentation. The most effective course would be
to advance the Treasury bid beyond par and interest, or,
Bxch'ge,
give the
•call will
much neededjelief
to the
London and New York
relative prices in
at the
opening each day.
that the bonds are so desirable as
loans
very narrow, as will be seen by the following,
is
showing
with interest to the date of presentation does not serve to
bring them out of the hands >f holders very rapidly.
The
but the margin of profit for cable trans-
securities,
actions
•
Bxpreued
i
Reading on basia of
Ex
IS.
Wo». 17.
Ifov, IS.
*mi
eablei,
t
Mw.
!fov. 15.
I/md'n !T.T. Lond'n w.r. LonS'n tr.r.
N.T. hand'n K.T.
pricM. pHCM. prieei.* prk«. vriea.* pricM. vrtui. vrica.
prUu.
in 00 117M WS'BS HTM HTI2 117
11700
117
102-40 lOSX 10818 102K 102-30 102
102-30 102
loa-os
47-01
47
46-41
4«,
4«« 4«-8» 4«M
106-57 104 Ji 105-40 lOJK 102'5lt I04M 102'5«:
104M 02-54t I04H
184-27 135
13413
ISS'8» 134
IS4-40 1S4M nfe2
1S4W
no-aa 189X 139-72
ia»-28 I38M 18ll'T2
ia»'23
188N
8405+ 68
34'02t
33«5>
83-53
e7X
67
3S-53f
67)K
In tbelr
New York
equlTalent.
$50, par ralue.
Interest.
Note.—The New York equivalent Is based upon the bigbest rat« lor
perhaps better still, to call for sealed proposals to sell
oaWe transfers, which ordinarily oorera nearly nU charges, snch as
offered
at
the
those
bonds to the Government, and take
interest, insurance
and commissions.
This plan was effective and generally
lowest price.
concerned when
was resorted
and it
Department,
the
of
administrators
vious
factory to
all
it
satis.
to
by
is
certain
pre-
The Bank
England return for the week shows a
decrease of £46,,500, with, however, a gain of
f per cent
in the proportion of reserve to liabilities.
The Bank of
of
to be effective at the present time.
France reports a gain of 5,425,000 francs gold and a loss
3,925,000 francs silver.
The following exhibiU the
Eates of exchange at Chicago and St. Louis on New York, amount of bullion in each of the principal European
•which last week were high enough to admit of the return banks this week and at the corresponding date last year.
•of funds, have this week been working downward, and
The supply
they are
now
of
money from the
interior
has been limited.
of
Nov. 17, 18S1.
at a point which, temporarily at least, arrests
the movement.
The reason
termination on the part
for this
is
Oold.
stated to be a de-
of speculators in food staples to
hold their stocks at the Western grain and
provision cen-
European demand or a
tres to await either an increased
reduction in rail rates to the Atlantic seaboard.
If this
is
Kov. 18. 1880.
Oold.
Silver.
£
a.
Bank of England
Bank of France
Bank of Germany...
Total
tills
Silctr.
26,297,994
25,10.5,286 47,213,857 22,096,557 49,500,682
6,406,862 19,220,587 9,014,000 18,088,000
20,680,661
week
52,192,782 66,431,444 57,438,531 67,618,682
52,021,882 66,599,381 57.859.821 67.902.912
would seem to explain the renewed demand Total previous week.
^p* The above gold and silver division of the stock of coin of the
upon the Western banks for accommodation, and to ac- Bank of Germany is merely popolar estimate, as the Bank itself gives
count for the turn in the exchanges above referred to. no information on that point.
The stock market has been more or less influenced this
The demand from the South for money has continued.
There has been an active inquiry for silver certificates to week by the disquieting rumors referred to above. Notsupply it, and as they could not be obtained in sufBcient withstanding the fact that these reports were promptly
Altogether, tiiere- denied, they have seemed to cause uneasiness among
quantities some gold has been sent.
fore, there does not for the moment seem to be any pros- speculators, and an indisposition to trade at least until the
pect of increasing the amount of loanable funds here effect had entirely passed away. Consequently, although
prices of some of the specialties were sharply advanced
through any change in the interior movement.
On
at times, the market soon relapsed into dulness.
from
Europe
during
the
week.
arrived
No gold has
the oase,
it
source of money supply is Wednesday the expectation that the Secretary of the
money becomes more active Treasury would announce his programme, and reports
here, or if produce should move very freely, we may that the trunk-line war was again on the eve of settlepresume on a renewal of shipments. This would probably ment, served to make the market strong in the afternoon
be resisted as much as possible, as stocks of gold in Europe and on Thursday morning, but it soon reacted and for
Hence, for the present,
also suspended.
this
Of course,
if
became heavy. Yesterday afterthat the Pacific Bank of
announcement
ply through a payment into the banks of gold received noen came the
its doors, and that the
to
close
compelled
been
from taxes and the paying out of silver. The bullion in Boston had
city
was also in trouble,
the
same
Bank
of
National
the Bank of England, upon which the drain would mainly Central
effect upon
unsettling
further
had
a
naturally
this
come, is now at a lower point than it has been since and
are very low, though France
December, 1874.
is
adding to her visible sup-
But the recent drain has been
chiefly
the speculative properties
values.
reserve
is
In a subsequent
expected gradually to increase, unless there should be
a
present condition
to the interior of Great Britain, so the
foreign
dempnd
The
for export.
Italian
Bank
Government has
not the power to enforce for some time the^completion of
the contract for its loan obtained, but the contractors have
the option of completing
it
earlier
should they prefer,
although they
may
This
demand about whichUierc
is
the only
refrain
from pursuing
is
this
course.
any,certam
building.
article
of the
That the
we give the facts relating to the
new trunk line railways now
capital for
them has been so readily
procured, that they are being pushed by shrewd, calculating business men, who know what they are about, and
most sanguine expectaof the success of their ventures, is pretty good proof
that the promoters entertain the
tions
that the increasing business of the country
new
demands the
lines the ruin of
tThe tendency. ottl'oreiga .cxchangcU'"dicatcs that additional facilities. Some
Nothing could be further from the truth.
to America must speedily come, but to what existing lines.
~-r^^^
new
It will probably take fully two years yet before the
extent it is at present impossible to say.
see in these
ty.)
shipments
jm
THE CHRONICLE.
542
[Vol. XXXIIl.
the Delaware Lackawanna &
a share tunnel at Weehawken;
more than Western terminus at Hoboken, used hitherto only for
rapid strides forward their coal and passenger business; and the Central of
they can
as we do, what may we expect at the end of another two New Jer-^ey termini at Jersey City and on the Kills, also
years ? Is it not reasonable to suppose that the new lines used heretofore for their passenger and coal traffic.
Comparing the respective mileage of all the roads then
may be well fed from new business without entrenching
upon that now delivered to^^the old systems? Every addi- to be worked, we should have the following:
i«ads
of
will
traffic.
be in a position
Already existing
Making such
do.
enter
to
lines
for
have
road built in the West, the Northwest, or the
Southwest, means additional traffic for the roads running
tional
"With the Pacific roads
to the seaboard.
Pacific, the Union
Southern and Texas
territory every
Pacific
—the Northern
&
Pacific,
the
—opening up vast
areas of
new
the
Pacific,
Atlantic
month, and swelling the volume of
who can
east-
what proportions that traffic
will reach in the immediate future and to what additional
extent existing facilities will be taxed to do the enlarged
work imposed upon them.
bound
traffic,
tell
The Treasury operations
for the week, excluding the
$3,000,000 gold from the Philadelphia Mint,
receipt of
l-ROM CHtCAGO TO BUFFALO.
Miles.
Lake Shore & Michigan Southern
540
Michigan Central via, Detroit and the Canada Southern
540
CUic.igo & Grand Trunlc with Grand Trunk of Canada
531
New York Chica.!?o &St. Louis (approximate)
520
FROM BUFFALO TO KEW YORK.
New York Central & Hudson
440
New York West Shore &. BuSF.ilo (approximate)
425
New York Lake Krie & Western
422
New York Lackawanna & Western with D. L. W. (approximate). 415
FROM BUFFALO TO BOSTON.
New York Central & Hudson wJth Boston <t Albany
500
Boston Hoosac Tunnel & West, with I'"ltchburg RE. (approximate) 490
FROM CHICAGO TO NEW YORK.
Lake Shore & Michigan Southern with New York Cent. & Hudson. 980
Michigan Cent, with Can. Southern and the N. Y. Cent. & Hudson. 980
N. Y. Chicago & St. Louis with N. Y. Lack. & West. (appro-Kimate). 935
,
«fe
with N. Y. West. Sh. & B. (apinoxiuiate).
do
Atlantic with N. Y. Penn. & O. and N. Y. Lake E. <fe W..
with N. Y. Fittsl). & Chic, and Central of N. J.
Pittsburg Fort Wayne & Chicago witli Penn. RR. and leased lines.
Do
&
Do
945
074
887
912
condition
Chicago
have resulted in a
gain, which is a loss to the banks, of
A glance at the roads and their present
The payments by the Assay Office and future prospects may
Enumernot be uninteresting.
through the Sub-Treasury amounted to $237,404, and the ating the several lines
according to their location,
following table shows the receipts by the Sub-Treasury
we have (1) the New York Chicago & St. Louis, stretching
$1,241,587
54.
from the Custom-House.
Consisting
Date.
from Chicago to Cleveland and thence to BuflEalo; (2) the
Chicago & Atlantic, from Chicago to Marion, Ohio, con-
of—
,
Oold.
Nov. 11....
" 12....
"
14....
"
"
"
15
...
16....
17....
Total...
$495,590
317,528
505,221
379,889
256,442
478,978
08
06
03
00
U.S.
Notes.
Silver
surer
Dollars. Certificates.
$13,000
11,000
13,000
7,000
13,000
10,000
$1,000
1,000
64
05
$353,000
132,000
353,000
270,000
183,000
311,000
1,000
$130,000
123,000
139,000
102,000
55,000
158,000
$2,433,648 86
$1,657,000
$67,000
$4,000
$709,000
1,000
necting there with the
(3) the
New York Pennsylvania & Ohio;
& Western, from Buffalo to
Boston Hoosac Tunnel
Schenectady and thence to the Hoosac Tunnel; (4) the
New York West Shore & Buffalo, from Buffalo to Schenthence to Weehawken; (5) the New York
Lackawanna & Western, from Buffalo to Binghamton,
connecting with the Delaware Lackawanna Western; (6)
the New York Pittsburg & Chicago, from Marion, Ohio, to
Wampum, Pa., and thence to Red Bank, connecting there
ectady and
The following shows the Sub-Treasury operations for
the week ended N^v. 17, and the receipts and shipments
with the Central of New Jersey system to New York.
of gold and currency reported by the leading banks.
So far as yet known, there has been no combination
$
1,818,000
$1,241,587
2,164,000
$1,241,587
346,000
between any of the companies constructing the abovenamed roads. Only one of the new lines is a direct road
from Chicago to Buffalo, but three of them run from
$1,818,000
$3,405,587
$1,587,587
Buffalo eastward.
Into Banks. Outof Banks
Sub-Treasury operations, net...
Total
The
interior
movement
Ket Loss.
as above embraces all the re-
The
capital already raised, or
definitely subscribed, for
and shipments of gold and currency reported to us these six lines can hardly be less than $65,000,000, and
by the principal banks for the week ended Nov. 17, yet it is a singular fact that there has been put on the
which (stated in our usual form) are as follows.
market openly and advertised forj public subscription only
ceipts
Stceipts at
and Shipments from y.
T.
Currency
©old
Total
Received.
$1,793,000
25,000
$1,818,000
Shipped.
of the Chicago & Atlantic
under the auspices of Erie, as a west-
$6,000,000 of
bonds— those
Road, which
built
is
$1,566,000
598,000
ern connection.
$2,164,000
been raised by private subscriptions of capitahsts, or, what
amounts to about the same thing, through the interven-
All
the
capital for the other roads has
Four hundred thousand dollars were taken out of the
vault of the Bank of America during the week by the
tion of construction companies
Associated banks.
of the respective roads that they are building.
NSW TRUNK LINES
The
OF RAILROAD.
New York
Chicago
&
which take the
St.
Louis Road
is
securities
built
under
a strong management, largely of
Western men, and is
There are now under construction between Chicago and ali-eady well advanced towards completion between Chicathe seaboard six distinct pieces or sections of railroad, go and Cleveland. The whole road from Chicago to Buffalo
under separate organizations, which are to form parts of the company will probably have completed and ready for
new trunk lines between the West and the Atlantic coast. business during the summer or fall of 1882. It is obvious
These are not paper roads, but are already so far ad- that the line will come in direct competition with the
vaweed that three of them will probably be 'completed and Lake Shore k Michigan Southern road, and will press that
Ih operation during 1882, and all of them within two years road closely, not only on through but in local business.
from the first of January next.
The company bases its chief claim for becoming a profitaThree more termini will thus be made on the Jersey ble enterprise on its relatively small interest charge, as
side of the Hudson River opposite New York City, pre- compared with the Lake Shore, since the bonds to be
sumably with all the grain elevators and other facilities issued are stated at only $25,000 per mile. But whatever
for the delivery of grain, provisions, cattle, &c., directly the amount of bonds per mile of road may be, it is toleraon board of European steamships and sailers. These bly certain that no road can be thoroughly built and fully
termini, all new for the above purposes, will be those of equipped to compete with such a line as the Lake Shore
the New York West Shore & Buffalo near the end of their for anything like $25,000 per mile, and the total capital
-
NOVltMBBR
THE CHKONICLE
10, 1881.]
518
much Lackawanna & "Western company.
This line is well
Company are: known and has been much talked about for a year past, a
C. R. Cumraings, President, Chicago, III; C. T. Brice, forming a sharp competitor to the New York Like Erie
Vice President, Cleveland, Ohio; B. G. Mitchell, Secre- & "Western, whose lines it parallels for many miles.
The
tary and Treasurer, New York; L. "Williams, General road will probably be finished in the summer of 1882, and
will immediately bring in the Delaware Lackawanna jt
Manager.
account, whetUor in bonds or stock, will Lave to be
more than
The
that amount.
officers of this
The Chicago & Atlantic can hardly bo considered an
Western, with all its docks and terminal facilities at
under the direct aus- Iloboken, as another bidder for Western trunk line
The road will probably cost over $10,000,000,
pices of the New York Lake Erie k "Western and the New business.
furnish
great
roads
Ohio,
to
those
a
but
no
&
securities
Pennsylvania
have yet been advertised for public subYork
straight route to Chicago from Marion, 0., a distance of scription.
Tlie last of the trunk lines to be noticed is that located
257 miles. The road is well advanced, and will probably
be completed in 1882. The bonds have a guarantee from to the southward of the others the New York Pittsburg ti
the two companies above named, that all the gross earn- Chicago Railroad, which is intended to form, with the
ings on their lines from business to and from the new road Central of New Jersey and its connecting lines in Pennsylwill be applied, if necessary, in making up any deficiency vania, another outlet for "Western products.
This route
in the net income of the Chicago & Atlantic to pay its seems less certain, less compact and homogeneous than the
lino of road, as
independent
built
it is
—
own
ings
interest.
is
This
traffic
guarantee of total gross earn-
one of the strongest ever made.
The Boston Hoosac Tunnel & Western Road is to reach
to the Hoosac Tunnel, in Massachusetts, and
the work is now prosecuted with vigor between Schenectady and Syracuse. The company has completed its line
from Schenectady to the Massachusetts State line, and has
raised a large amount of money for the work in progress.
General Vf. L. Burt of Boston is the President, and
New^ York
Boston and
are hqavily interested.
capitalists
"Without naming a precise date for
its
completion,
it is
New
New
York,
it
consists of the
Cen-
Tamanend, Pennsylvania,
thence to "Williamsport, and from there, over the Philadelphia & Erie and the Alleghany "Valley Low Grade division, to Red Bank, Pennsylvania, a distance from New
York of about 400 miles. Thence 65 miles, over the Pittsburg & "Western, to "Wampum, Pennsylvania; thence over
the New York Pittsburg & Chicago road, now under construction, 165 miles, to Marion, Ohio, where connection
tral of
from Buffalo
Starting from
others.
will be
Jersey, reaching to
made with
the new. Chicago
&
Atlantic road, 257
New York
Tho company also has a Pittsburg
connection from Harmony, and its road as above described
miles to Chicago, making the entire line from
believed^that the entire road will be in operation within
to
Chicago 887 miles.
two years from date.
The largest enterprise
is
expected to be in operation before the close of 1882.
Now York
"West Shore
new trunk
of all the
&
lines
the
is
This road will extend
Buffalo.
Gen.
J. S.
Negley, of Pittsburg,
is
President of the
New
from the docks and tunnel at Weehawken, by the old Jer- York Pittsburg & Chicago, and Henry Day, Esq., of New
sey City & Albany Road (purchased), to Haverstraw, thence York, is a leading director, and trustee of the mortgage.
"What then will be the trunk line facilities on the first
along the Hudson River, through the "West Point tunnel,
just completed, to Cornwall, and thence to Athens, from day of January, 188 i, about two years from this date, if
which point it will run direct to Schenectady, with a all the above-named roads are completed and in operation?
branch to Albany, and from Schenectady to Buffalo. Briefly, there will be two important roads, under strong
The company has just purchased from the New York management, added to the eastward lines from Chicago
Central & Hudson Company its Athens branch, ex- the N. Y. St. Louis & Chicago and the Chicago & Atlantic;
tending from Athens to Schenectady, which does not three new lines will be added to the roads eastward from
apparently show opposition from Mr. Vanderbilt, who Buffalo the Boston Hoosac Tunnel & "Western, the New
Blight be expected to oppose the new road very heartily. York "West Shore & Buffalo and the New York LackaThe company is engaged in the work of active construc- wanna & "Western: one new line will be formed running
tion from Schenectady westward, as well as on its Hudson from Marion, Ohio, to Red Bank, Pa.; the New York
Kiver lines, and will also have a branch from Cornwall to Pittsburg & Chicago connecting with the Central of New
Middletown,' N. Y., the terminus of the present New York Jersey and its leased lines; three new termini for "Western
Ontario & "Western.
It has been stated that the New freights will be made on the Jersey shore opposite New
York "West Shore & Buffalo has bought out the property York City.
'
—
—
—
of the
New York
securities in
Ontario
&
"Western, giving
payment, and while
this
is
its
own
not denied, the
NHW
ORLEANS AND ITS
NEW
RAILROAD
known, as all the financial affairs
CONNECTIONS.
of the company have been very quietly managed, no bonds
The completion of the New Orleans Pacific Railroad,
having been offered for public subscription, though a mort- giving a line from Shreveport to New Orleans, angage for $50,000,000 has been recorded. The load is built nounced this week, is an event of more than ordinary
by the N-orth River Construction Company. The parties significance to New Orleans and the State of Louisiana.
details are not precisely
with the New York Ontario & "Western are For many years tho people there have looked forward to
mainly interested in the New York "West Shore & Buffalo. the day when rail communication would be established
Of the latter road Gen. Horace Porter is President, Alex- between the northern and southern ends of their terriander Taylor, Secretary and Treasurer, and Charles Paine, tory. But though tho initial steps in the enterprise were
identified
Of the New York Ontario & "Western taken as early as 1874, it was not until the road passed
Winslow is President, and C. N. Jordan, Treasurer. into the hands of tho Texas & Pacific people in 1880 that
The whole road from "Weehawken to Buffalo, and from the success of the undertaking became assured.
Oswego to Cornwall, is expected to be in operation before
through a rich timber district, west of
General Manager.
E. F.
The road passes
Red River, for
the close of 1883.
The next
line of the
the
line in the
order of
its
Delaware Lackawanna
from Binghamton
to Buffalo,
location
&
is
the Buffalo
"Western, extending
and bmlt by the
Shreveport south,
very
New York The
fertile
road
is
the
first
part of the distance from
and then on to
sections
New
Orleans through
devoted to cotton, sugar and
certain of a large local
traffic
at
rice.
the outset,
THE CHRONICLE.
544
an impetus to the development of large
which up to the present time have been
Louisiana
areas in
and overlooked. In this way,
neglected
entirely
almost
:&nd will give
also, the
an
New
road will add to the trade of
aside from this,
outlet
to
chief significance lies in
its
But
Orleans.
its
furnishing
Southwest and the
the productions of the
A
junction it is now promised will be
country beyond.
effected next week between the Texas & Pacific and the
Southern Pacific, and then New Orleans will have an allThe importance of this
rail route to the Pacific coast.
no
of
•admits
dispute.
It
claimed that when the
is
New
brought into operation
Orleans can,
new
route
is
with
profit,
bring wheat from California and export
to
it
[7oL.
xxxin.
which the town officers of Covington issued, embodied
recitals stowing that the conditions of the law had been
complied with and that the bonds were authorized and
valid.
But such recitals are not usually repeated at
length in coupons; at any rate they were not contained in
the coupons which Hopper had acquired.
And on behalf
of the town the law point was raised, in his suit to collect the interest due by the coupons, that he must gather
and present proof of the various facts and conditions
which by the law must exist to render town bonds valid.
On behalf of Hopper, the argument, briefly stated, was
that towns have the right to issue notes for some pur^
poses and that he could buy and bring suit upon the
coupons as if they were so many negotiable notes. The
However that may be, there can be no doubt
that by means of this route that port will acquire a strong courts should presume, it was contended, that the officers
hold on the business of a section of country that must had made the bonds iox a lawful purpose and in a manner
Europe.
undergo large improvement in the immediate
future,
that the effect will be to swell the proportions of
its
and
busi-
For the Texas & Pacific runs straight across the
wide expanse of Northern Texas, while the Southern
Pacific pierces the rich mining districts and grazing fields
of New Mexico and Arizona, and a good portion of the
traffic gathered up along these lines will naturally find an
-outlet at this Southern port, and give it more than, its
former prominence.
ness.
To
same
New
New
Orleans the
Orleans Pacific occupies the
position in the country west of the Mississippi that
the Chicago
St.
Louis
& New
The
east of the Mississippi.
one connecting
New
Orleans does in the country
latter
road
is
not the only
Orleans with the North and East, but
—that
then
it is
New
Orleans road, and interested as
the principal one
is,
it
is
is
pre-eminently a
no other in the
conformable
larly, that
to law; if they acted
was a matter
The Court sustained
any respect irregu-
in
for the townspeople to show.
the
The
objection to the suit.
opinion was to the effect that municipal corporations are
created for purposes of government,
not for business.
They may make contracts, incur debts, and issue obligations for money within certain limits, where the purpose
of doing so is to discharge the
But
it
securities,
payers,
duty of
local
government.
does not follow that they can issue commercial
if
payment of which
will
be enforced against tax-
the holder be a purchaser in good
the contrary, their power to issue commercial paper
exception, not the rule.
is
Hence municipal bonds or
pons, which do not contain recitals,
are
no
faith,
matter though the issue was irregular or fraudulent.
On
the
cou-
not entitled to
protection as commercial paper, nor will the courts take
it
growth of that port. So also west of the Mississippi, for granted that the issue was authorized and was reguthough Morgan's Louisiana & Texas road brings to New larly made. "Whoever buys them should inquire how
Orleans a share of the trade of Southern Texas, and is they came to be put forth. In this particular case the law
valuable for that reason, yet there can be no doubt that of the State allowed the town officers to issue bonds for
when the extensions North and "West now projected and school purposes. Then Hopper should have inquired,
planned are perfected, the New Orleans Pacific will be the when the coupons were offered to him, whether they were
principal highway for the immense traffic that those cut from bonds issued for school purposes and in the
sections will afford, and more important therefore than manner directed by law.
Befo rphe could sustain a suit,
any other. With a comprehensive network of roads on he must ascertain these facts, and make proper proof.
either side, and with the navigability of the Mississippi
This doctrine may easily take buyers of coupons by
improved by the jetties. New Orleans would appear to be surprise, for it contrasts strongly with the rule to which
better prepared than ever to cope with its rivals.
dealers have become accustomed in reference to the bonds
themselves.
It is generally understood that whoever
buys
city,
county
a
or town bond must assure himself
EIGHTS OF PURCHASERS OF COUPONS.
that
a
lawful
power
issue the obligation existed.
He is
to
Indiana
has
in
renThe United States Circuit Court
,
somewhat adverse to the rights of supposed to be able to understand the constitution of the
may buy interest coupons sepa- State and the language of all the statutes, however comHe takes the risk of any question of power
rate from the bonds to which they were originally plicated.
attached; the substance of the decision was, that, as the which may be raised under the laws such as they are;
coupon does not contain recitals of the facts needful to also any risk there may be that the courts may pronounce
But upon the question whether
establish authority to issue the bonds, the purchaser must the law unconstitutional.
officers
regularly
and obeyed the various
the
proceeded
hold himself prepared to make other proof.
dered
a
decision
bankers and brokers who
—
one Hopper, the plaintiff, purchased a directions, of the law, in exercising the power, he we are
which had been cut in the usual speaking of a purchaser for value, not of one in the posicourse from bonds issued some time ago by the town of tion of an original lender and to whom the bond was
Covington. No objection was made that he did not buy issued at its first inception he may trust to recitals and
It seems that
number
of coupons
—
them before
due,
or
did
not pay full value.
These presumptions.
Thus the courts will not allow the city, county or town
coupons were simple promises to pay, expressed in these
words: " One year after date the town of Covington will to defeat the claims of one who has purchased its bonds
pay
to the bearer, in the city of
New
York, eight
dollars,
upon the
faith of the written declaration of its officers cer-
being one year's interest on bond No.
tifying that all proper steps have been taken, by disputing
By a statute of Indiana which has been some years in the certificate and proving irregularities or defects in the
force, a city or town may issue bonds to provide means for mode of proceeding.
The municipality is said to be
school purposes; but this power can not be exercised except estopped from denying the recitals.
In other words, one
14."
upon a
of tax-payers, nor for a sum who buys one of these bonds fairly in market has in geneVery probably the bonds themselves ral only to ascertain that the corporation was clothed with-
certain petition
exceeding $50,000.
NOTKMBBB
THE CHRONJCJLE.
19, 1£81.1
646
and theu to read tbe bond and see that it %A. per lb. in pricetj but there wm no ooDfld«nc« in th»
restoration of the high flgarea tooched on the a6tb November.
describes a course of proceeding pursued which is correct
Manchester has done a very cooaidenble baainem daring the
are
two
precautions
all
that
These
law.
according to the
last six weeks of the old year, and bnyen were now holding
he need take, assuming, of course, that the bond is of the aloof pending the developments of the new crop, about the
The position of a purchaser of coupons size of which a considerable change of opinion bad been pio>
negotiable sort.
is much less secure, if the doctrine declared by Judge duced by the heavy receipts at the portii, and the cunaeqaott
increased crop estimates. The previons crop liad amounted to
Gresham shall bo finally accepted as law.
6,757,000 bales. The highest estimate of acreage (that of th«
FraAHCiAi, Cheozticle) gave an increase of 9>6 per cent, which
pointed to a probable yield of 6,300,000 bales, with a similar
OF
THE
CO.'S
ELLISON <t
power
to
make
it,
ANNUAL REVIEW
COTTON TRADE FOR THE SEASON
1880-81.
[CONDUCTBD BY THOMAS BLUSOS.J
season to the previous one but many people thought that tha
destructive weather experienced in October, November and De;
cember had cat down the yield to about 5,760,000 bales. Such a
The pant season has witnessed a continuance of tie reyival in theory, however, was quite incompatible with the enormoas
the cotton trade which commenced abont two years ago. receipts in the latter half of December and the beginning of
There have been the nsaal drawbacks incidental to the flnctaa- January, and the opinion began to gain ground that the damtions in prices inseparable from a vigorous condition of the age done to the crop had been greatly exaggerated, or else that
markets, and the nsnal disappointments resulting from losses the area sown had been largely understated. The estimate*,
occasioned by either baying or selling at the wrong moment. therefore, began in January to recover the ground lost in
Bat a largely-increased business has been done, with, on aver- November and December. Faith in the maintenance of current'
age, fairly satisfactory results; and from a " dividend" point of
Tiew. the season compares favorably with most of its predecessors.
The Continent only partially shared in the improvement in
trade which began in 1879-SO, but from all quarters our reports
indicate a distinct cha,nge for the better daring the season jast
closed. The out-look twelve months ago was regarded as being
pretty favorable, except in the case of Russia; but in the end,
if there is any diiference at all, Russian spinners and manufacturers have done better than those of any other country.
Another satisfactory feature is that the cotton industry of
France is rapidly recovering from the depression experienced
for several successive seasons.
The satisfactory state of trade throughout the world
chiefly to the prosperity consequent
upon the good food
is
due
crops,
as the previous depression was mainly the result of the general
impoverishment produced by a series of deficient harvests.
The prospects for the new season quite jastify the anticipation
of a continuance of the healthy flow of business experienced in
1880-81.
OOURHB OF THE MARKET, OCT.
1,
1880, TO SEPT. 30, 1881.
The second
half of September witnessed a rapid decline in
the value of the current month's deliveries. From the middle
of August onwards there had been visions of a September
comer, and in anticipation of this near futures ran up to 7Md.
The expectation of a squeeze was generally entertained until
about the middle of September; but from that time to the close
of the month it became gradually apparent that the month was
*'
The consequence was a species of
long," not " short."
collapse, prices giving way 7-16d. in a fortnight, and closing at
5-16d. on the spot and 17-32d. for September deliveries below
fhe highest prices touched in August.
October opened quietly. Middling upland was at 6%d. on
"the spot, at 6^6d. for October delivery, and at 6 7-16d. for
November. Daring the first week there was a decline of %d.
per lb. This led to more activity, and the fall was almost
recovered between the 7th and 20th of the month. Then followed a slight reaction, and again a subsequent rise, the latter
movement being occasioned by the absence of a number of
overdue steamers, which at the last moment necessitated some
active buying for delivery on the last day of the month.
Octobers, therefore, closed at 6 23-32d. and spots at 6%d.
MeanwHile, forward deliveries were .selling at 6 7-16d. for near
*nd
6 5-16d. to 6 15-32d. for distant positions.
In November
the margin between spots and futures was materially lessened
by the inttaence of unfavorable crop accoants and by exciting
advices from New York. During the week ended the 25th the
sales of futures in that market reached 1,464,000 bales, and
prices advanced %c. to
l^c. per lb. Here there was
vance of %<1. to )id. per lb. Compared with the rates
on the 10th, there was a rise of %d. on the spot and
distant deliveriea— 7 3-32d. being paid for May-June,
6%cl. for spots. Between the 26th November and
an adcurrent
%d.
for
against
the 22d
December there were numerous slight fluctuations, but the
general tendency was downwards, owing to the check given to
demand by the advance which had taken place, and to the
more subdued tone engendered by large receipts at the American ports and less unfavorable crop advices. There was a
rather firmer feeling at the close of the month, and daring the
first five days of January, accompanied by a recovery
of
•
rates experienced a corresponding decadence.
Business was catmoderate dimensions, and with slight interruptions the course of prices between January 5th and May 11th
was downwards, ending in a total decline of 1 l-16d. in spot
and 1 ^d. in futures, and bringing middling nplands down to5^d. on the spot to 5^d. for May delivery, and to 5Jid. for
August-September delivery.
The continued heavy movements at the Ametlcai ports had
for some time past given rise to the opinion that ai enormona
stock would be accumulated here daring the summer months,,
and that serious financial difficulties would be witnessed in connection with May-Jane deliveries, in which it was well known
that a gigantic busmess had been done. On all sides the idea
spread that the entire campaign had been on a wrong basis ;.
that the market would be crushed by excessive supplies ; and
that prices woald sink to much below 6d. per lb. and remain
there. The consequence was an ungovernable desire to sell
cotton not only what was in existence, but as much as possible
of what did not exist. The onslaught thus made upon the market was aided by exaggerated forecasts of supply for the balanceof the season, and by sensational estimates of the new crop. In
this way the market was completely demoralized. Even the
spinners, although they were full of orders, turned " bears.""
The culminating point of the depression was on the 11th May,.
the day after the failure of a large Continental firm, having
houses in Amsterdam, London and Liverpool. On that day, as
already stated, middling was quoted at b%d on the spot, but as
low as 5%d. was accepted for May delivery; and so confident
were the "bears" that 5^d. was the proper price for cotton that
they sold autumn deliveries at 5%d. to 5j^d., and new crops at
These were the lowest prices of the season.
5 ll-16d
We pointed out at the time that an utterly mistaken view
was being taken of the situation and prospects of the market*
and that sooner or later a sharp reaction would be witnessedFor a few days after we wrote there was very little change, but
within a month prices had advanced 7-16d. per lb., middling on
June 10th being quoted at 6 3-16d. on the spot and 6 5-16d. for
Angast-September delivery. The improvement had been helped
by increassd animation in Manchester, where 32's twist had
advanced }id. to %d. per lb. and 8M lb. shirtings 4J6d. per
piece upon the low rates carrent in May. In fact, it was apparent that a large rate of consumption was going on, and would
contiaue to go on (for all that could be seen) until the end of
the season. But visions of a gigantic new crop still haunted
the public mind, and no one would give more than 7-32d.
advance for November-December. In fact, so scared had most
operators been by the manner in which- the market had fallen
to pieces in May, that they hurried to realize the advance just
quoted, the result of which was a reaction in futures of 3-32d.
new crops once more
to %d. between the 10th and 27th June
sinking to 5 13-16d. Meanwhile, one operator, more courageoua
and far-seeing than the rest, had been purchasing largely
while the market was in a selling humor and as selling cotton
"short" was regarded as a royal road to fortune, he experienced
no difficulty in buying a gigantic quantity of autumn tntares.
Contrary to the expectations of the "bears," however, prices
to
In July, therefore, they began
did not decline.
think that it would be prudent to cover some of their contracts
but the moment they entered the market they
found such a scarcity of sellers that, between the
down
to very
—
!
;
;
;
THE (CHRONICLE.
546
27th Jane and 22nd August, prices, with intermediate fluctuations of %d. to %i. per lb., advanced ll-16d. on the spot and
%d. to 7-lGd for August to September deliveries, all of which
toQched 6 29-32d. It was expected that the large tenders made
on the first day of August would severely test the financial
resources of the principal operator. This anticipation caused
a decline between the 2d and 4th August of l-16d. on the spot
and 3-32d. for August-September deliveiies. A sympathetic
took place in new crops, November-December delivery
But the heavy tenders were all quietly
taken up. When this became known the demand " to cover"
revived, but not until towards the middle of the month and
between the 9th and 19th there was an advance of a ^d. on
fall also
sinking to 5 31-32d.
The following
and other positions l-32d. to l-16d. from the preTiouB best prices. On the morning of the 30th attention was
lost 5-32d.
directed almost exclusively to the closing transactions in connection with the September corner. There was a very animated
scene on 'Change, owing to the concourse of people attracted by
the fame of the squeeze; but there was less excitement than at
the wind up of the October comer of 1879. The fluctuations in
prices on the two days
-
/^
.
Oot.
compare as
Spot.
Sept. 30,
Nov. 10,
26,
Dec. 22,
Jan.
5,
May
Aug.
71I32,
75^, 7U32,
738.
hour
The
tion for October delivery.
highest, lowest, closing
Highest
.
Lowest
Closing
.
1880.
613,6
5%
.
Average
6I2
5=8
71
5253.
738
7'io
738
513,5 511
6l8
52932
6'e4 513,6
6I16
61,6
0930 53 1 33
6I4
CI2
6=16 6332
B2632 6=8
61"32 638
62330 658
dllie 6I73
6I3
658
5'8
66j6
61664
62932
613,6
73,6
6 'a
738
73,6
7i«
6932
6632
62932
613
32
714 1,<
6I32
03if32
6I4
6l8
611,6
6133
62132
6 1932
6»jf,2
European Imports and Stocks
The imports and stocks for the whole of Europe compare as
follows, in 1.000s of bales
:
Anicri- East
Indian Brasil.
can.
Smyr-
Effypt.
W.
I.,
Total.
na.
(tC.
42
69
103
6,386
34
5.53
8
978
677
ImpcH.
1880-81
1879-80
4.520
3,905
Increase
1,094
1,186
249
152
615
92
97
1881
1880
666
365
229
224
27
13
Increase
301
5
14
Decrease
412
463
24
18
'51
5 833
Stocks Sept. 30.
Decrease
45
45
3
2
28
1
301
"26
....
Deuviries fob Five Seasons.
The following
is
a comparative statement of the
deliveries,
in.
1,000s of bales, during the past five seasons, with the weight in
pounds
58
Total weigh t.
Lt>s.
Great Britain.
1880-81
1879-80
1878-79
1878-79
1876-77
2.511
2,29J
2,094
2.074
l,99t
239 159 247
270 119 273
191 93 169
221 192 i5(i
407 416 286
1,709
850
919
70V
630
862
3,201
3,018
2,602
2.737
3,149
446
1,428,033.000
1,310,001,000
1,134,197,000
1,215,132,000
1,278,538,000
144
136
136
406
Continent.
1880-81
1879-80
1878-70
1877-78
1876-77
1,421
1,570
1,402
1,023
84 2,883 428
61 2,618 423
65 2,402 418
179 112 2,404 428
155 152 2,255 108
1.233,752,000
16J
174
l,107,:i71.000
l,02t),262,000
1,028.912,000
620.082,000
All Europe.
1980-81
1879-80
1878-79
1877-78
1876-77
4,220 1,089 235 411 129 6,084
3,715 1,189 16 447 123 5,63C
8!18 125
120 5.064
3,664
3,4 7t,
877 247 435 156 5,191
3,013 1,269 179 441 202 5,404
deliveries in bales
Great Britain.
437-7 2,661,835,000
434-2 2,447,372.000
427-2 2,163.4.59,000
132-3 2,244,044,000
406-8 2,198,620,000
were as follows:
Continent.
I.
Others Total
'80-81.148,290 4,5m7 8,689
'79-80. 44,104 5,200 8,734
'78-79. 40,270 3,673 6.083
'77-78. 39,882 4,256 9,469
'76-77. 38,274 7,833 14,452
Amer.
Grand
season
lbs. last
EgyptianI 629
lbs.,
Oth's.
I.
61,576 32,862 16,347
58,038 27.339 17,669
.00,026 30,302 13,588
53.007 26,955 12,605
60,559 19,681 16,574
The average weight of American
against 452
E.
;
6,225
5,336
3,562
6,670
7.110
Total.
total.
35,434 117,010
.50.344 108,382
47,352 97,378
46.236 99,843
43.365 103,924
bales this season
is
456
of Brazil 190 against 181 lbs.
and of Smyrna 350
lbs.
lbs.
;
of
for both seasons;
West Indian 152
lbs. against 160 lbs., of East Indian 376
against 373 lbs., for Great Britain, and 372 lbs. against
365 lbs. for the Continent. Of all kinds the average for Great
Britain is 446 lbs. this season against 444 last season, and for
the Continent 428 lbs. against 423 lbs.
of
lbs.
and average prices of
six seasons ended
middling upland on the spot for the past
Sept. 30 compare as follov;s:
6 '8
7-16
Feb.
62^30 7332'
611,6 62T32 62932
62732
J6
l>
20,
27,
29,
30,
Jan.-
Sept.Ocl.
6I63.
69.32
6'8
76,6
713
9,
.
0"I6
63,6
63,8
e's
613,6
Amer. E.
tender against September amounted to 99,500 bales. This
was considerably greater than had been expected, and the
result was a giving way l-32d. to l-16d. in futures. The fall,
however, was partially recovered before the end of the day,
and the market closed steady, but with the conviction that spot
prices would have to run down to somewhere about the quota-
1881.
Sep
71--532.
final
,
Atig.-
5%
2,
4,
'he, 71I30.
"striking" price flxed at 12 o'clock was 7%d. Au
and a half later the spot quotation was reduced to T%d.
ODcninR
Hay- JulyJune. Aug.
Feb.
on.
67,6
6i3i„
611,6
1881 613,6
19,
24,
Sept.
Oct.- Jan.-
Nov.
The average weekly
7%,
—The
The opening,
1880
11,
10,
27,
June
follows:
1881— 75,c,
71I32, 738, 71.130. 7%. 71332,
76,6, 793a. 714,7^32. 714. 7%, 7T16.
„
„,
31, 1879—738, 71332. 738, 71I32, 75i6, 7^,
7'ie. 712, 78ie, 7=8, 72132.
Sept. 30,
an accotmt of the principal fluctuations in
is
the prices of middling npland on the spot and for forward
delivery during the season:
;
the spot and %A. for August and August-September deliveries,
the one touching 7 3-16d. and the other 7 5-16d. Meanwhile
less favorable accounts of the American crop, which was said
to have been seriously injured by drought, caused an advance
of fully Md. per lb. in deliveries for the winter months, November-December rising to 6/id. For some weeks previously 7d.
per lb. had been looked forward to as the probable top of the
market for near cotton, and 6)4d. as a likely culmination for
" new crops." The advance already quoted, therefore, led to a
pause in the demand, and, as usual under such circumstances,
the pause was followed by a decline, middling falling back to
6%d. for near cotton and to 6 3-32d. for distant. This was
between the 19th and 24th August. The decline led to revived
buying, and between the 24th August and the 9th Sept. there
was a recovery pf 7-16d. for spots, ^d. for September and ^d.
to Ysd. for new crops, which latter were exceptionally influenced
by further unfavorable crop news, considerably reduced estimates, and by an important rise in prices at New York and the
South. The advance brought forth an emphatic protest from
Manchester, where meetings were held for organizing the systematic adoption of " short time." This was partially carried
The upshot was a reduced demand, which, aided by a
out.
decline at New York, caused a fall of %d. on the spot and
7-32d. to ^d. for futures, between the 9th and 14th of the
month. During the subsequent week, with a continued small
business, there was a further decline of l-16d. on the spot and
l-32d. for new crops; but September gained l-32d., owing to its
exceptional position. The virtual break-down of the "short
time" movement, and the consequent increased spot demand,
however, reinvigorated the market between the 20th and 27th.
Spots advanced %d., Septembers 5-16d. and new crops 3-16d.
to Md. On the 28th there were fluctuations of l-32d. to l-16d.
On the 29th the feeling was very sensitive. At the opening
there was an advance of l-32d., but late in the day Septembers
XXXin,
[Vol.
1879.
1878
1877.
6%
516,6
7'l6
6%
7%
Exports of Yarns and Piece Goods.
1876.
The following
is
a comparative statement of the export of
71a
67,8
6 '8
4 '8
513,8
612
5%
di-he
C38
51=16
cotton yarns and piece goods from Great Britain in each of the
past ten seasons, ended 30th September, in millions of pounds
631 S2
6832
6B.„
6H
6I2
and yards
The average
price of "good ordinary" for this season is 5%d.,
or Vsd. below the average for middling; last season the average
for "good ordinary" was 6%d., orl9-32d. below the average for
middling. The difi'erence between the margins for the two
seasons is 9-32d., or from 4 to 5 per cent on the average prices.
Tarn
1880-8,1..
1879-80..
1878-79..
1S77-78..
1876-77..
lbs.
248-6
217-7
235-0
2,50-5
230-3
Yarn
Goods yds.
4,753
4,304
3,631
3,681
3.803
1875-76.
1874-75.
1873-74.
1872-73.
1871-72.
lbs.
223-2
21S-1
218-5
219-2
200.5
voods ydn.
3,635
3,546
3,530
3.526
3.419
NOVEMBKU
THE OHRONICLE.
10, 1881.1
Consumption of Great Britain.
is a comparative Htatcment of the actual deliveries, estimated consumption and surplus stocks at the mills
for the past eight seasons, in bales of the uniform weight of
The following
400
each
11m.
Supply.
Sloek.
Sept.50.
1-14,000
3,245,000
9.'5.000
05,000
21.000
21.000
35.000
35,000
27.000
27.000
3,0!)2,O00
3.1!1':.(l"(l
stork.
Dtliveriu.
1873-74... 3.101,000
2.097.000
1871-75
Oct. 1.
.
187.1-70.
...
;i.l7'),000
1876-77
..
H.IOO.OtM)
Id77-7!l...
.•i,o:is,oo<)
2,Sl>,''..000
187**-7!*
1879-SO... ;t,;i3."i.oi)0
1880-81... 3.570,00"
ToKU.
Pervk.
21,000
3,150,000
3,071,000
00,577
59,057
'-'I.OOO
3.175,0(10
«l,0.i7
n.L'lT.dllil
:!.'>.000
3.07;i,l>(ll)
3.'i,U00
61,102
58,423
2,870.000
3.377,000
3,597,000
27,000
27,000
25,000
3.182.000
3.038.000
2,843,000
3.350,000
8,572.000
.')4.152
03,810
08,692
COKSUMFTION OF THB CoHTINBlIT.
from the otBcial statistics of the various Continental
eonntries that our estimates of consumption for the season
1879-80 were in some instances too low (notably so in the case of
Austria), and in some instances too high. The net difference,
however, is very slight, as the total consumption for the Continent is only increased 25,000 bales, say from 2,725,000 to
We
find
2,750,000 bales.
The
consumption and surplus stocks at
deliveries, estimated
the mills compare as follows in bales of the uniform weight of
400
lbs.
each
:
Detiverits.
Sloek,
Supply.
Oc'. 1.
this period of the seanon.
;
A
There is less uncertainty about the supplies from other
countries than from America, because we have to deal with
smaller figures, and with crops about which it is -easier to get
something like approximate estimates. From India and Egypt
the imports will
all probability exceed those of the past season; but the supplies from the Brazils, West Indies, ic, are not
likely to show much change.
From these sundry sources we
may get the following supplies, compared with, the actual imports in the last two seasons
m
41,000
94,000
2,566,000 41,000
2.300,000 201,000
2,572,000 il.OOO
2,573,0001 17,000
2,233,000
2,23.i,000
2.274.000 94,000 2,180,000
2,320.000 41.000 2,238.000
2,607,000 204,000 2,403.000
•-',501,000 ")4,00O,2,l.")O,0O0
(i2(;,000 117,0»l)]2,5l>'.l,000
2,600,000 94,000 2,596,001
2.768,0001 !)4.000 2, S62.0O0 112,00012,7.50,000
3.084.0001112.000 ;i, I ;)t),00<)!240,000|2.9 56.000
41,923
44,009
46,211
47,115
48,250
49,923
52,381
56,846
The quantity
of cotton
consumed
in
Europe daring the sea-
reached a total weekly average of 125,538 bales, against
116,191 in 1879-80 (52>!j weeks). The increase is equal to about
8 per cent ; but 2% {3}^ on American only) per cent is due to
ha-s
extra waste, owing to the damp and dirty condition in which
the American crop was marketed. For Great Britain alone the
increase is about 7% per cent and for the Continent about S}^
per cent. The average weekly consumption is 68,692 for Great
Britain and 5G,84G for the Continent, or a total of 125,538
bales of 400 lbs.
A loss of 3^ per cent on the American
used represents 168,000 bales for all Europe for the season, or
an average of 3,230 bales per week, so that if the quality of the
last crop had leen equal to the previous one the rate of consumption would have been only about 122,308 bales (instead of
125,538 bales per week), against 116,191 in 1879-80, or an increase of about 5M per cent for all Europe.
Spindles in Europe and America.
is an estimate of the number of spindles in
Europe and the United States last year and this:
The following
1880.
PoLind
Sweden and Norway
lie.nniiny
3,330,000
310,000
4,750,000
Austria
1.7.50,000
.Switzerland
Hipllaud
Kuii.i^i.') .tiid
. .
BelKlum
France
Bpuiu
Italy
Total Continent
Great tiritain
United States
Grand
total
.
1881.
6,5,6o6
1,765,000
1,850,000
15,000
1,8.50.00
235,000
800,000
5,000,000
1,800.000
930,000
245,000
800,000
5.000,000
1,835,000
985,000
10,066
72.0.55.000
f
35,000
55,000
21,245,000
40,100,000
11,875,000
73.220.000
440,000
350,000
375,000
Prospects.
As
Brazils,
West
Indies, <ba
Total
A ver.ige weight
1879-80.
1
Baring
J
,186,000
860,000
412,000
360,000
463,000
279.000
1,960.000
1,806.000
1,928,000
loo
Bales of 400 lbs
404
390
1.900.000
1.847.000
1.947.000
past season the consumption of Europe was aboat
400 lbs, per week, against 118,191 in 1879-80,
or an increase of 9,347 bales; but, as already stated under the
head of " Consumption in Europe," about 3,230 bales of this
increase was due to the more wasty character of the American
crop, leaving 122,308 bales as the average weekly consumption
of cotton equal in quality to the crop of 1879-80, or a net
increase of about 5 per cent. A similar increase for the new
seasonwould give 128,423 bales as the probable weekly requirements for 1881-82; or, let us say, in round numbers, 129,000
bales per week, equal to 6,708,000 bales for the entire sea-son.
In this case the statistical outlook for the new season cornea
out as follows
tlie
Jlalet
1.1C5,000
of
400 lb:
Provable requii-eiuents of Europe
Probable supply from India, Egypt, Ac, as estimated above.
6,708,000
1.960.000
Required from America
1,748,000
Equal in bales of 456 lbs. (average weight of last crop) to...
Kequiiements of American spinnerH. and for Canada, Mex-
4,1
ico, &c.,
C5,000
2.050,000
against 1,951,000 last season
Anierlenn crop required in bales of 456 lbs
6,215,000
A
crop of 6,215,000 bales would, therefore, give all the cotton
required by the world, on the supposition that the rate of consumption (allowing for extra waste in the la-st crop) will be
about 4,000 bales per week in Europe and 2,000 bales per week
in America larger than last season.
Such a crop would, moreover, leave the stocks in Europe and
America the same at the close as at the opening of the season,
in which case the figures would compare as folFows:
Sept.
Sept.
Surplus
30
35
1881.
1830.
978,000
978^000
677,000
480,000
21S,«00
218,000
111,000
60,000
25,000
27,000
27,000
210,000
112.000
94,000
27,000
50,000
6,000
1.483.000
1.007.000
673.000
25,000
at
Continental
Sept. 30
Surplus at American
Aug. 31
1878.
1882.
ports
Stoeks in American ports
Aug. 31
Snrplus at English mills
mills
I
240,000
raill.^
27,000
in
It is difficult to ascertain the exact increase in
English spindles; the estimates vary from 250,000 to 500,000.
[We omit Mr. Ellison's remarks upon the American cotton
crop and its distribution, the Egyptian crop and the Bombay
mills.]
Egj'pt
Slocks in European
each country on
the Continent are not yet complete, and will be given in a
future circular. The spindles are ia every case exclusive of
"doubling" spindles.'of which in Great Britain there are about
3,500,000.
I
t'^
260,000
310,000
Our returns of consumption per spindle
(
Increase.
3,640,000
4,81,5.000
20,805,000
39,750,000
11,500,000
1890-81.
1,091.000
125,5.38 bales of
Consumption of Europe.
son
1881-82.
1,150,000
450.000
Per week.
Total.
East Indies
1373-74
1871-75
1875-70
1870-77
1877-78
1873-79
1879-80
1380-81
and no onn can poMlblj
at the refialt. Ho far an preannt app«>aranceH go, the indications are (hat the yield will be umaller than
that of lant season. How much smaller it in impotwibls to nay i
bat we don't think that thf reduction will be no great an appeara
to be entertained by those who hold what are railed small crop
views. No doubt the crop baa been serious!/ Injured by
drought, in which respect the Maaon reaembleH that of 1874-5,
when the yield fell to 3,883,000 bales, against 4,170,000 in
1873-4. It was stated, however, that the area sown was leM
than in the previous season
but leaving this out of the qaeation, the reduction amounted to only about 8 per cent.
similar redaction this aeason from 6,589,000 bales would give
6,0.")0,000 bales, allowing nothing for the increased area sowo,
variou.sly estimated at from 1 to 5 per cent, which, if taken
into account, would give 0,210,000 bales. It is of interest to note
that although the crop of 1874-5 yielded 3.833,000 bales, it waa
in September estimated in some quarters at as low as 8,250,000
bales, and by Agricultural Bureau in November at 3,558,000
bales.
Many people, however, (ourselves included) thoagbt
the total would not fall far short, of 4,000,000 bales, and it waa
onljr 107,000 bales, or 3 OJper cent less than that figure.
(jni-n^
Consumption.
SUxk,
Sept. 30.
usually do at
do more than
647
Total in ports and at mills.
1,488,000
the stocks were reduced to the le?el touched at the close
of September, 1880, there would remain 481,000 bales av»ila|We
for consumption, in which case an American crop of 5,734,000
tile
bales would suffice for the probable wants of the worid. If
stocks were reduced to 1,2.->0,000 bales, or 243,000 more than at
the end of September. 1880, the crop required would be
If
5,977.000 bales.
..
,
„
,
, u
As to prices, we think that, whatever fluctuations may take
place in the course of the sea-son, arising out of the varying
moods of public opinion, the averaae will be rather under Uian
over that of the past sea.son, though the difference may not be
very important, unle.ss something should happen to bring the
smalloJt estimates of the crop to the front; a coiitingency the
demand, the outlook for the new season warrants
one in expecting a continued full rate of consumption, with
probably some further increase. As respects supply, the proswe do not at present contemplate.
pects may also be regarded as favorable for consumers until occurrence of which
The present average weekly consumption we estimate at
something turns up to demonstrate the contrary. K-'timates of 70,000 bales of 400 lbs. for Great Britain and at 57,000 for the
the probable yield of the American crop differ as widely as they Continent, or 127,000 for all Europe. As the season advances
respects
THE CHRONICLE.
548
the rate will probably increase, provided trade continues good;
and in the end it may average 129,000 bales.
State of the Cotton iNDnsTBT of the CosTDfENT.
The following account of the condition and prospects of the
•cotton industry of the Continent of Europe is compiled from
answers received to a list of questions sent to the principal
cotton ports and cotton manufacturing centres in each country
We take this opportunity of
in the month of September.
thanking our numerous correspondents for the prompt and
hearty manner in which they have answered our questions, and
we trust that the perusal of oar report will afford them some
recompense for the trouble they have been put to in complying
with our wishes.
RUSSIA AND POLAND.
St. Peteksburo. Past Season much better than the previous
one, owing to abundant food crops. Prices of yarns and goods
advanced considerably last spring, and have since been folly
maintained. Last season the sale of goods was continuously
slow, but this season the demand has been good throughout.
on the contrary,
Manufacturers, consequently, hold no stocks
they are largely under contract for forward delivery, at very
remunerative prices. There are no stocks of yarns. The
Prospects for the new season are very good. The consumption
of cotton has increased about 5 per cent. The stocks at the
mills are no larger than they were last year ; but spinners have
bought freely for future delivery. Increase in spindles from
—
;
25,000 to 39,000.
Mos«ow.
months ago.
Past Season much better than was expected twelve
The demand for fabrics, then very sluggish, has
since been sufficiently active to take off the entire out-turn of
the mills, and there are now no surplus stocks of goods, nor
are there any stocks of yarns. Prospects for the new season
very favorable. Consumption of cotton increased 6 to 7 per
cent ; less East Indian, but more American. Stocks at the mills
about the same as last year. Increase in spindles, 200,000.
Lodz. The Past Season opened favorably. In the spring,
business was adversely affected by the troubles arising out of
the persecution of the Jews. Latterly matters have again
improved, in consequence of the good crop accounts received
from Russia. The Prospects for the new season are good.
There are no stocks of either yarns or goods worth mentioning.
Increase in consumption of cotton 8 to 10 per cent. The stocks
of American cotton are smaller than at this time last year say
—
—
about four weeks' requirements against eight weeks. The Sei3tember high prices kept buyers out of the market. The stocks
of Surats are a trifle larger. Increase in spindles, 30,000 total
in existence, 410,000 all working full time, some day and night.
SWEDEN AND NORWAY.
Pa^t Season rather better than the previous one, but still
not so good as could have been desired. Prices have not been
very remunerative, and the fluctuations m cotton have, in some
instances, led to unsatisfactory balance-sheets. Prospects for
the new season moderately favorable. Stocks of yarns and
goods everywhere smaller than last year. Consumption of cotton unchanged at some mills, but at others increased about 5
per cent. Stocks of cotton rather larger than at this time last
;
;
year.
No
increase in spindles.
;
;
spinners giving the preference to good Surats over
low-graded American. Stocks of cotton at the mills rather
larger of East Indian than last year, but unchanged for American. No appreciable increase in spindles. All working full
time.
Hanover.
—Past Season
The supply
of yarns
about the same as the previous one.
and goods has generally exceeded the
'demand, owing, it is supposed, to the existence of old stocks of
English products imported before the raising of the duty, and
which are being gradually cleared out. Prospects for the new
season are favorable. Stocks of yarns much larger than last
year; stocks of goods unchanged.
Consumption of cotton
about the same as last year. Stocks of cotton rather larger.
No
increase in spindles.
Westphalia.— Pas< Season on the whole rather brisker than
previous one
—
that is, so far as sales were concerned, but prices
satisfactory to spinners than to weavers. Prospects for
the new season promise about the same kind of business as the
previous one. Stocks of yarns and goods about the same as
last year. Consumption of cotton increased about 10 per cent,
all East Indian.
No increase in stocks at mills. Increase in
spindles 1,000; all working full time.
less
M. GLADBiCH, Rhenish VvxasiK—Past Season variously reported as about the same as, or better than, the previous one;
Prospects for the coming season very favorable. As the demand has been good and continuous, there are no stocks of
importance of either yarns or goods. Consumption of cotton
the whole of Rhenish Prussia increased about 7 to 8 per
cent. Stocks of cotton at the mills larger than last year, chiefly low grades. Increase in spindles 20,000. All spindles fully
*t work a small portion day and night.
Saxony—PasiSea«ow more or less unsatisfactory than the
pieyions one, except in cases in which spinners happened to
m
—
XXXIIL
have been fortunate enough to have purchased cotton at the
right time. Most consumers bought early in the season, owing
to the bad crop accounts, and had consequently to spin a great
deal of dear cotton. Latterly the position of the consumer has
been adversely affected by the high prices in Liverpool occasioned by the September " corner," which has caused many
owners of cotton of the right quality to ship it to that market
to the detriment of the
home
trade; prices of cotton rising
without any corresponding advance in yarns. Prospects for
next season considered favorable; but as sales just now are
slow, dealers do not speak hopefully. Stocks of yarns rather
larger this year than last. Consumption of cotton increased
about 5 per cent, owing to additional spindles put to work and
to improvements. Stocks of cotton at the mills in some cases
rather smaller, but in some instances much larger than at this
time last year. Increase in spindles about 20,000. All mills
working full time.
Bavaria. Past Season better than previous one, except
for spinners who early purchased too much cotton at high
Stocks
prices. Prospects for the new season regarded as good.
of j'arns and goods have never been large at any time during
the season, and are now smaller than they were twelve months
ago. Consumption of cotton unchanged in most [places, but
slightly larger in some. Stocks of cotton at the mills mostly
decidedly larger. Increase in spindles 10,000 to 12,000. Out of
800,000 in Bavaria very few are idle.
Wuktemberu. —Pa.si Season better than previous one, owing
to the generally improved state of trade, to the good harvest,
and to the diminishel English competition occasioned by the
increased import duties. Prospects for the coming season
good. Some spinners hold more 3'arn than last year, but
weavers hold less, and on the whnle the stocks are smaller than
twelve months ago; stock of goods are also smaller, there having been a continuously good demand. Consumption of cotton
increased about 5 per cent. Stocks of Surats rather larger
than last year; stocks of American unchanged. Increase in
r
I
"
—
spindles 10,000.
—Past Season neither better nor worse
than the precloth were in good regular demand
throughout, but prices were not satisfactory, owing to the
uncertainty caused by speculation in the raw material. Prosl)ects for the new season are good, provided that spinners
choose the right time for buying cotton. Stocks of yarns and
goods unchanged. Retail dealers hold more than they did two
or three years since, but the rate of consumption is larger in
consequence of the displacement of linens, woolens, &c. Consumption of cotton 2 to 3 per cent larger. No increase in spindles, but there is a continued introduction of new machinery,
especially ring throstles. All mills working full time.
Alsace. Past Season better than its predecessor, owing to
the early clearing-out of previous large stocks, and to the subsequently continued fair demand. Prospects for the new season
favorable. Stocks of yarns and goods much smaller than last
year.
Consumption of cotton unchanged at some mills, but
increased G to 8 per cent at others, owing to the production of
coarser counts of yarn. Stocks of cotton unchanged at some
No increase of moment in the
mills, but lighter at others.
number of spindles, but all working full time.
Baden.
Yarn and
vious one.
—
AU.STRIA.
OERMANT.
PEU.SS1A.
Past Season about the some as the previous one.
In the spring business was flat, owing to the declining cotton
market, and in many instances spinners who had purchased
freely of the raw material lost money. At the moment business (especially for goods'! is satisfactory, and the Prospects for
the new season are regarded with hopefulness. Stocks of yarns
about the same as last year stocks of goods rather larger.
Consumption of cotton increased about 2 per cent, all East
Indian
[Vol.
Bohemia.— Prt«< Season better than the previous one, in consequence of the generally improved state of business arising
out of abundant food crops and settled politics. Prospects for
the coming season equally favorable. As both yarns and goods
have gone rapidly into consumption, the stocks are smaller than
they were at this time last year, while producers are well under
Consumption of cotton
contract for forward delivery.
unchanged at some places, but for the most part increa-sed 5 to
Stocks of cotton at the mills mostly rather larger
6 per cent.
Increase in spindles
than last year ; at some unchanged.
11,000.
About 40,000 getting ready for next season. All spindles, with insignificant exceptions, at full work.
Upper Austria.— Past Season very satisfactory; and Prospects for the coming one equally good. As both yarns and
cloths have found a ready sale there are no stocks of moment
in first hands. Consumption of cotton slightly increased.
Stocks at the mills rather larger than last year. Increase in
spindles 2,000. All spindles working full time.
Lower Austria.—The Past Season opened with an unfavorable outlook, but subsequently improved, and on the whole has
been decidedly better than the previous one. The Prospects
for the coming season are good. The stocks of yarns and fabrics are much smaller than at this tim« last year, and many
producers are full of orders for forward delivery. Consumption
of cotton rather larger than last season. Stocks of cotton at
the mills are a trifle larger. No change of moment in the number of spindles, but all are workinf full time except a few old
ones which have not been at work for several years.
Tyrol and Voralbeko.—The Past Season opened dull, but
later on went better, owing to the improvement in general trade
occasioned by good food crops. Sales of yarns and goods are
now brisker, and the Prospects for the coming season are satisfactory. Stocks of yarns and goods smaller than last year.
Consumption of cotton rather larger, owing chiefly to increased
use of lower grades and to the production of lower counts of
yam. Stocks at the mills somewhat larger than twelve months
since.
No increase in spindles ; all working full time except
these are
20,000 stopped in consequence of a fire last May
expected to be at work again in March next.
;
SWITZERLAND.
The Past Season, although not altogether satisfactory, has
been better than the previous one. Those spinners who bought
^
"
November
THE CHRONICLR
10, 1881.]
a stcK-k of cotton at low prices have done well, bnt those who
to purchase after the advance complain of the "eomer,"
which raised prices evenrwhere. The demand has all along
been sufBcient to take off the production of the mills, but not
podd enough to bring prices up to a satisfactory level,
especially as respects the finer counts of yarn. The general
demand, particnlarly for export, has been better this season
than last, in consequence of diminished Kuglish competition
occasioned by the circumstance that JIanchester has had a good
outlet for her products in the East. For the most part a cheerful view is taken of the Prosperls for the coming sea.son.
Stocks of yarns and goods are smaller than they were a year
since ; of yarns, indeed, there are no stocks at all, except of the
finer counts, and less than last year of these. The consumption
of cotton has increased slightly ; more American, but less
Egyptian and Kast Indian. The stocks of cotton at the mills
are rather larger than last year, though in individual
instances there is no change. Increase in spindles about 10,000,
but about the same number of old ones are Stopped, so that the
had
total
number running
is
unchanged.
549
production of finer counts of yam. The stocks of cotton
at
the mills are slightly larger than they were last year. Ther»
is a slight increase in the number of spindles, and
many old
spindles have been replaced by new ones. All are working
foil
time.
8PAI5.
The Past Season has been decidedly better than the pre»lou»
one, in consequence of the fine crops all over the coaotrr.
Yarns and goods did not participate in the fall io the price of
cott(m which took place in the spring ; the business of the ««.
son has, therefore, l)een very remunerative to producers. The
present condition of the trade is good, but as the harvest outlook is not so favorable as that of a year ago. the Prospects for
the coming season are not so brilliant as could be desired. The
stocks of yarns and goods are very small ; the accumalation of
two years since having gradually disappeared. Consumption
of cotton increased 2 to 3 per cent. Stocks of cotton at tho
mills rather smaller than la-it year. locreise in spindles 30,000
to 40,000. All working full tune j but some were idle during
the summer owing to the want of water.
H0LL,V?ID.
italt.
The majority
of the reports state that the Past Season
was better than the previous one, but some make eo change,
while others say that the results were unsatisfactory. All
agree, however, Ihit the best-conducted and best-appointed
mills have done well, as is shown by the good dividends declared. As in other parts of Europe, some mills have done
better than others, owing to fortunate purchases of cotton
when prices were low. The Prospects for the new season are
regarded as being favorable for a good steady trade. The
stocks of yarns at the mills are about the same as twelve
months ago at some mills, but at most they are smaller. Stocks
of goods are mostly unchanged; at some they are smaller,
at others rather larger.
Consumption of cotton variously
reported as unchanged up to 10 per cent increase, chiefly East
Indian and low American. Stocks of cotton at the mills rather
larger. Increase in spindles 10,000. All working, except 11,000
temporarily stopped owing to a fire. About 14,000 getting
ready for next year.
BEUIIPM.
Past Season much the same as the previous one, but if anything rather better. The Prospects for the coming season are
favorable, provided cotton keeps low in urice. The stocks of
foods are smaller than they were last year; manufacturers
ave forced previous accumulations on the market at low
prices.
Consumption of cotton about the same as last year,
except a slight increase occasioned by the great loss in spinning
American in consequence of the inferior quality of the crop.
Stocks of cottDu at some mills unchanged, at "others rather
larger than at this time last year. No material increase in
spindles; a few standing idle, owing to liquidations.
FBASCE.
from France are more cheerful in tone than those
received last year but they nevertheless convey the idea that
there is still great room for improvement. The new season is
expected to bring with it some further amendment. Stocks of
yarn are almost exhausted there is a material reduction also
in stocks of goods.
As the deliveries of cotton show a large
increase, and as the stocks at the mills are not much larger than
they were at the opening of the season, more must have been
spun this season than last. Last season there was a decrease of
about 5 per cent compared with 1878-9 ; this reduction has
TJie reports
;
;
probably been recovered this season.
Roues and District.— i'«s« Season more satisfactory than
the previous one, owing to the improved trade produced by the
good food crops, and to the better prices obtainable in consequence of the diminished out-turn of goods brought about by
the stoppage of raachinerj' in previous seasons. 'The position
of producers is still much less satisfactory than could be desired, but the Prospects for the new season are regarded
with
cheerfulness. There are no stocks of vam, and the stocks of
goods are very swall. Manufacturers are mostly under contract.
Consumption of cotton rather larger than during the
previous season. The stocks of cotton at the mills are mostly
reported as smaller than they were at this time last year
(spmnera havmg no confidence m prices), but in some instances
there is no change. There is no increase in spindles, but there
IS less ".short time," and some spindles now
standing will be at
work next year.
Mayense, Fleks akd Cosde.— Pa** Season better than the
previous one. Sales have been readier, owing to the improved
^ate of trade, and to diminished English competition. The
Prospects for the new season are promising, thanks to good
crops.
"A new period of prosperous industry has commenced,"
unless England, "not finding a good out-let m the East,
should
throw her surplus production upon our market." Stocks
of
yarn mostly exhausted ; stocks of cloth very small. Producers
mostly working on contract. As spinners have found a
ready
sale for their varn they have produced more than
last season,
consequently there is some increase in the consumption
of
cotton. The stocks of cotton at the mills are
mostly slightly
larger than they were a year since; but in some
instances there
IS no change. No increase in
spindles bat fewer standing than
was the case at this time last year.
;
The Eastebn District.— Vosoes, &c.-The Past Season shows
a siignt improvement upon the previous one, and the
Prospects
ror tbe coming season are favorable,
owhig to the good crops,
ine stocks of yarn and cloth are insignificant. The
consumption of cotton is unchanged,
but the tendency is towards the
Past Season decidedly better than the previous one, in consequence of more abundant crops.
Business throughout has
been good, there having been a constantly ready sale for yam
and cloth. The Prospects for the new season are favorable for
continued activity. There are no stocks of either yams or
goods, and most spinners and manufacturers are under contract
fof the remainder of the year, and some of them even longer.
Consumption of cotton increased 5 to 10 per cent. Stocks of
cotton at the mills much larger than this time last year. Increase in spindles for all Italy 80,000. Some mills were temporarily stopped during the summer, owing to the want of water;
but all are now working full time, except 20,000 to 30,000 standing owing to fires.
The British Cotton Indcstbt asd "Fate Trade."
The hold which the " Reciprocity Craxe" has undoubtedlyobtained upon a not unimportant section of the community
suggests a brief examination of the facts of the case as respects
the cotton industry, especially as a number of influential Lancashire men appear to have gone astray on the question.
The following is an account of the average annual value and
weight of piece goods and yam exported from Great Britain ia
the three quinquennial periods, 1856-60, 1871-75 and 1S76-80:
Declared Value (1,000s of
1856-60
1871-75
1876-80
£).
Estimated W'ght (:,000» of
lbs).
Protected
Open
Grand
Protected
Open
Orand
Markets.
Markets.
Total.
ilarkcta.
ilarkcts.
Total.
£
£
S,
lbs.
157,700
233.800
219.500
11,054
23.706
17,777
33,850
44,904
151,.509
75,27.5
50.680
68,437
lbs.'
498.800
lbs.
6'J.>,000
656,500
928,80«
793.700
1.013,200
Under the head of "protected markets" we have included the
United States and all Continental Europe (though in some
much lighter than in others), except
Greece and Turkey, which with all other countries are put
under the head of "open markets." The figures show an enormous increase in the trade with both sections between 1856-60
and 1871-75. Those for 1876-80, compared with the figures for
1871-75, show a general decrease in value, but in weight the
falling off is confined to the "protected markets," the trade
with the "open markets" showing an increase so important as
to more than counterbalance the decrease in the business with
the other section.
The decrease in the grand total of "value" is due entirely to
the fall which has taken place in prices, the grand total of
"weight" showing the respectable increase of about 9 per cent.
The decrease in the value of products exported to "protected
markets" is due in part to the fall in prices 'and in part to the
circumstance that the trade with some of the Continental
nations was unduly inflated (especiallyjin 1871-73, in consequence of the economical disturbances arising out of the
Franco-German war and the transfer of Alsace from France to
Germany. During the war a vast amount of labor was withdrawn from industrial employments. This led to an abnormal
demand for English yarns and fabrics, and to a large increase
The conclusion of
in the out-turn of our spindles in looms.
the war set all the cotton machinery of Europe to work, and
the result was the temporary over-production which brought
about the reaction commenced in 1874. Undoubtedly, however, a portion of the decrease in the exports to "protected
markets" is due to the circumstance that our Continental and
American customers are now supplying more of their own
wants than formerly, and this in consequence of the fact that
their home manufactures are " protected." But in spite of
"protection," the business done in 1876-80 shows a tremendous
increase upon that done in 1856-60.
But however potent oar competitors may be in their own
" protected markets," it is quite clear from the above statement that they are powerless against us in the "open markets"
of the world. The quantity of American and Continental cotton fabrics exported to outside markets is quite insignificant
compared with our own trade, and, for the past ten years,
moreover, the business has been almost stationary. In the
following table we give the average annual value of cotton
goods and yam imported into and exported from France,
Belgium, Holland and the United States, in the two quinquennial periods of 1870-74 and 1876-79 (the complete figares for
1880 not b^ing yet available):
instances the duties are
THE (CHRONICLE.
550
Exports.
Imparls.
France
Belgium
Holland
United States
Total.
...
1870-4.
1875-9.
1S70-4.
1875-9.
£2,876,000
446,000
3,029,000
6,276.000
£1,540,000
486,000
3.028,000
4,336,000
£2,292,000
610,000
2,^64,000
628,000
£1,636,000
686,000
2,438,000
£12,390.000
£6,421,000
£6,533,000
£12,627,000
1
1
;
:
1376-80.
of cotton, yams and
£1,577,000 £2,525,000
piece goons imported into Great Britain
Average annual value
347,000
£1,230,000 £2,039,000
and bounds," while the industrial systems of other nations
would stand still.
7
Rumford
Ellison & Co., Cotton Brokers.
Street, Liverpool, October 27, 1881.
RATES OB EXCHANGE AT LONDON AND ON LONDON
AT LATEST BATES.
SXCHAXOE AT LONDON— Noc. 5. BXCJIANOE 7N LONDON.
On-
Time.
Amsterdam
Amsterdam
Antwerp
Hamburg
Sliort.
.
3 mos.
•'
"
...
'
Berlin
*'
Frankfort..
Copenliagen.
Latest
Date.
Rate.
'*
122'2 S12-3ia
125
ail2-5i4
25-65
20-70
30-70
20-70
18-45
®25-70
320-74
®20-74
3I20-74
Madrid
'*
Cadiz
Bilbao
Clenoa
**
Average.
,
$3,195,000
Average.. $10,016,000
£839,000
...£2,009,000
The average value of the exports in 1876-80 is actually less than
the value of fabrics shipped in 1860. The annual increase for
the five years 1876-80 over 1856-60 is only £490,000, while the
figures for 1880 are .fl, 458,000, or £291,000 less than those of
1878, and $954,000, or £190,000, less than (hose of twenty years
previously (1860).
The foregoing facts make it abundantly clear that the British
cotton industry is quite competent to take care of itself (and
the same is true of other branches of trade) without the assistance of those good but misguided people who have here allowed
themselves to be victimized by a plausible phrase.
Including the " home trade," the annual value of the outturn of otj^r cotton industry is about £100,000,000. Against
this there is the formidable competition of £2,000,000 of imports sent from countries which take a vast deal more of our
cotton products in return. It is quite true that our rivals in
cotton spinning and manufacturing in the United States and on
the Continent have of Jate made great progre.ss in the industry;
a greater ratio of progress, in fact, than we have ourselves
made; but they have for the most part worn their own calicoes,
and, as already shown, they have not in the least interfered
with tne sale of our products in the neutral markets of the
world.
It should always be remembered that protection increases the
cost of producing manufactures. It is quite immaterial whether
the protection takes the form of import duties upon articles
which compete with the protected product itself or upon the
raw material out of which it is manufactured, or upon the
machinery with which it is made, or upon the food of the
cperatives employed in its production—they all add to the cost
of production, and every addition made to the cost of production diminishes our power to compete with the products of
other manufacturers in the open markets of the world. It follows from this that the greater the protection bestowed by
other manufacturing countries upoa their own products the
better it is for us, so far as concerns our commerce with other
countries. It is the protective system of the United States
which has lost to them and gained to us so large a share of the
ship-building business and carrying trade of the world; and it
IS the pr jtective systems of America and the Continent which
enable us to beat them all in outside market", which comprise
fully three-fouiths of the population of the globe.
This is not the place in which to enter into a discussion upon
the whole que.stion of Fiee Trade wr.WM Fair Trade (so-called);
but it would be easy to demonstrate that what we have said in
respect of the cotton industry is true of every other industry
of the country.
It
may be true that some special
branches of business are not ia so flourishing a state as could
be desired; but their adverse condition is due to circumstances
other than the operations of free trafle. The doctrine of the
survival of the fittest is as true of commerce and manufactures
as It is of natural history; and even the universal adoption
of
free trade, though an eventual benefit to evsry one, would,
until matters accommodated them.selves to the economical
changes incidental to the new departure, be a sore trial to
many departments of English industry, the conductors of
whiceh appear to think that, with untrammelled international
commerce, English mannfaeturers would advance' in "leaps
!
.
Rate.
5 Short.
12-15
Nov.
Nov.
Nov.
Nov.
5 Short
25-2713
5
20-40
20-40
20-40
Naples
**
n
Alexandria
New
Nov.
4738®47i8
47 -SlO's
26-05iaa26-12i2
26-05ia®26-12i2 Nov.
'*
Lisbon
5
"
(1
5 Short.
5 3 mos.
5 Short.
5 3 mos.
25-24
25-27
118-15
47-90
25-50
5 3 mos.
51%a5158
95:^
4-8014
.
York...
Bombay
5
®18-48
4718347
•*
....
Nov.
Nov.
Nov.
Nov.
Nov.
...
30 days
Is. 7%il.
Is. 7«id.
••
Calcutta ....
Hong Kong..
Showing an increase of over £809,000.
As a great deal of fuss is being made about the competition
of the United States, we give the following comparison of exports of all kinds of cotton products from the American Union
in 1856-60 and 1871-80:
1856
$3,558,000 1876
$7,72.'',000
$6,967,000 1871
2,304,000 1877
1857
6,115,000 1872
10,230,000
2.947,000 1778
1858
5.651,000 1873
11.439,000
8,:n6,000 1874
3.096,000 1879
1859
10,854,000
1860
4,072,000 1830
10,935,000 1875
9,981,000
Time.
Nov.
'*
25ii6»25
St.Peters'bg.
Paris... .... Short. 25-22'a»25-35
Nov.
Paris
3 mos. 25-57!-!®25-65
Nov.
*
12-00 ® 12-0012 Nov.
Vienna
Hhanglmi
Average... $7,599,000
£1,519,000
xxxin.
,773,000
There are no exports of cotton goods or yarn from either
Russia, Austria, Spain, or Italy; at all events there is no record
of such in the official tables published by each country. There
are some exports from Grermany, bet there is no record kept of
their value. Switzerland exports largely, but the official tables
give only the weight the annual average for 1871-75 was
334,000 centners, and for 1876-80, 357,000 centners, showing an
increase of about 7 per cent, against an increase of 9 per cent
in the exports from Great Britain.
The imports enumerated in the above table are almost entirely
from Great Britain; the exports from France and Holland are
With
chiefly to the French and Dutch colonies respectively.
the exception of Belgium all the countries import more than
they export. Part of the "exports" come to England, but the
following figures show how insignificant is this item
1871-75.
[Vol.
2 3 mos.
5 Short.
5 4 mos.
5
5
[From our own correspondent.
"
"
Is. 83iod.
Is. 83,pd.
38. Pl4d.
5s. mid.
1
London. Saturday, November 5, 1881.
Although there has been of late a considerable demand for
notes and coin for transmission to the provinces and to Scotland, the money market remains exceedingly quiet, and if any
change
in the rates of discount be noticeable at all,
in favor of increased ease.
it
has been
In the open market, in fact, the best
three months' bank bills are freely taken at 3% per cent,
which means that there are frequent transactions at 3?4
per cent.
and
The Bank
in the present
rate remains,
state of
however, at
5
per cent,
the gold market the directors
more placed in a somewhat difficult position with
regard to making any change. A discrepancy of more than
one per cent is very considerable, but then it has to be borne in
mind that a few years ago the B.ank authorities resolved to
discount bills, for those customers who kept their banking
account solely with them, at rates irrespective of the published
quotation; and, in fact, on terms quite as favorable as those to
be obtained in the open market. The present official minimum
is obviously a fanciful one to a great extent, but in the present
condition of the money market it has an injurious result, as
amongst so many of the smaller traders and retail houses, as
well as in private engagements, the custom is to discount bills
at one per cent over the Bank rate, when that rate is 5 per
cent or above it.
Small traders, therefore, who have the confidence of their bankers, are now paying a minimum of 6 per
are once
cent,
which
is
scarcely justified
by the state of the money
market. It is not perhaps difficult to account for the present
easy though uncertain condition of money. The export demand for gold, which has had so decided an influence,
there
exports
has abated, and on our
imports and
has of late been a small balance in our favor. The
requirements of speculators have also declined materially of
late, and the New York exchange on London is at a point which
makes the export of gold unprofitable as an exchange operation.
Speculation is being conducted with great care and
caution, and the stock markets have of late been greatly
wanting in animation, though no depression can be said to
exist.
The banks have been cautious in the advances they
make upon
and hence fewer facilities exist for active
The trade demand for money is also very
moderate, though there is reason for believing in some increase
in it.
Our trade has of late decidedly improved, and the Board
of Trade returns for October, which will be issued on Monday,
are expected to show a favorable comparison with last year, and
securities,
speculation,
especially with regard to our export trade to the United States.
Money, however, by means of rapid communisations, seems to
be less wanted, and fewer mercantile bills are now in circulation.
It is understood, however, that some heavy parcels of
bills have been received from the manufacturing districts during
the week, and that the provinces will require a fair quantity of
money during the next few weeks. This is usual at this period
of the year, but it is satisfactory to be able to statcjthat the
movement compares very favorably with former year.i. The
improvement in our commerce is due, it may be stated, as much
November
to
10,
!
THE CHRONICLK.
881.
an increased home demand aa
to
aagmented export transac-
tions.
According to the daily returns, the Bank of England gained
daring the week embraced in the la-st statement a small sum of
gold but the return shows a falling off in the total supply of
bullioa of i;3S7,C2SI, owing to provincial and Scotch requirementH. There has also been an increase of £281,710 in the note
circulation, and the result is that the total reserve has been
diminished by ieti«7,339. The liabilities of the Bank have declined consideribly, and the relative position of the establishment has not materially varied since last week, it being 3703
per cent, against 37"9t5 per cent. Usually, the gold and notes
sent into the provinces at this period of the year are returned
in the course of a few weeks, but there is some reason for
believing that the return movement will be slower this year
than usual, as a larger supply of coin is wanted in the wages
market. The money market, however, will probably remain
very quiet, as long as there is no speculative excitement in
stocks, and as long as an active export movement in gold Ls
checked. The following are the present quotations for money:
;
Per ctnt.
Bank
5
nite
Open-market rates
30 and tiO tlaya' bills
E. 3 mouths" bills
S^SS's
Open market rates—
Ter ten*.
4 luoullw' liauk bills
S's
6 montlis' Ixmlc billa
S'^a®!
1 ik <i luouthii' trade bills. 413315^
3'8
The following are the rates of interest allowed by the jointstock banks and discount houses for deposits
Per cenl.
Joint-stock banks
3>a
Olscouut houses at c»U
3's
ilo
with notice of withdrawal.
3%
Annexed is a statement showing the present position of the
Bank of England, the Bank rate of discount, the price of conthe average quotation for E.iglish whext, tlid prica of
middlitg upland cotton, of No. 40 male twist, fair second
quality, and the Bankers' Clearing House return, compared
with the three previous years.
sols,
1881.
13S0.
1373.
1870.
&
«
£
Circulation, excliullng
£
23.525,740
4,170.767
29,916.825
Publiu ileposlts
26.476.555 27,232,085
3,293,263 4,491.827
Other
23.37S).5(i!
2.^.;^^0,845
3l.tJS*.9«9
14.120,269 lo,yi>5,070
20,334,892 17,275.490
10,133,980 15,1C3.634
18,570,528
18,587.371
16,602,330
26.329,269
15,437.672
22,129,592
10,636,204
bank
i>ust liills
lU'posits
Qovcrnni't securities.
Other
securities
:<,3?9,77;)
Res've of notes & coin.
Coin and bullion in
both departments.. 20,860,535 27,310.699 30,133,396 25,553,029
Proportion of reserve
37-63
50-14
34-81
to liabilities
4603
Bank rate
5 p. c.
3 p. 0.
6 p. 0.
21a p. 0.
99 '•s
Consols
100
98
95%
Eiitf. wheat, av. price.
433. 70.
478. Od.
50s. 4d.
39s. oa
6ll,Ml.
Mia. Upland cotton. .
5%1.
67,ed.
10i4d.
Ho. 40 .Miilc twist
lO^rt.
lOd.
9>4 1.
Clear'K-luHise return .111,815,000 111.440.000121,183.000 79,095,000
The following are the current rates for
pal foreign centres
Bank
Open
money
at the princi-
:
rate.-
Fr.
Paris
c(.
5
rate.
Fr.cl.
5
5^
BrUMseU
Bank
market,
Pr.
&
other
Bpaulsh
cities
.Madrid
ct.
4
Open
mttrkel
Pr. ct.
5
St.
6
Genoa
Geneva
Copenbageu
5%
4
4
Frankfort
4
514
5I3
ftH
Vienna
4
Bombay
6
Amsterdam
4
Kcrliu
51a
Hainbiirj{....
Petersburg...
41a
3I3
4I9
3ifl
Tenders were received at the Bank of England yesterday for
£971,000 Treasury bill.'*, the whole of which was allotted in
three months' paper at £99 23. 6d., at which rate applicants
will receive about 38 per cent.
This is equivalent to a discoun t
rate of 3)^ per cent per annum.
There is undoubtedly some difficulty respecting the French
treaty. The delegates have been discussing the question this
week, but have again separated to confer with their respective
governments. The further discussion will probably be postponed until the form.ition of the new French Cabinet has been
completed; and as it is expected that the new French Minister
will I)e a sound free-trader, a satisfactory arrangement is
anticipated. The duties on cotton and woolen goods are understood to be the principal difficulty which has to be contended
with, and evidently our government requires larger concessions
than France is inclined to grant.
A government order caused the valae of bar silver to rise
this week to 52d. per ounce; but, as soon as this was completed,
the quotation declined to 51s. 15-16d. per ounce. The imports
have been small. Mexican dollars have been firmly held and
are quoted atSlJid. per ounce.
India Council bills were
sold on Wednesday at Is. 7 15-16d. the rupee, showing a somewhat better demand for the means of remittance to the East.
An advertisement has appeared during the past few weeks in
the leading papers, asking the holders of bonds of the late
Confederate States of America to send in their securities for
651
reffistr&tion to % committee, with a view to enabling tbaoi to
awert their right to certain faoda which were said to b« ia
existence. The advertisement attracted very little atteDtioni
but lately some dealings have been recorded in the boodii in
Holland, here, and in New York, and the troable which bM
been taken to ascertain facta leads to the conclusion that the
movement has been started for the parpoee of helping a few to
make a little money. It waa represented that the Bank of
England were trustees to certain moneys which belonged to the
bondholders; but the directors have intimated that they have
no such fund, and that they are not aware of there being any
such fund in existence in this country. Specalation in Confederate bonds will probably be very short-lived.
The railway traffic returns are in some respects satisfactory;
but there is also reason for disappointment. This may i)e very
largely attributed to the weather, which has been very erratic
of late. In the early part of the week there was frost and
snow in some places; but the last few days have been remarkably mild, and there is a difference of temperature between last
Monday and to-day of at least twenty degrees. Passenger
traffic has not, therefore, been so heavy as is usual; bnt the
goods
traffic is satisfactory.
early part of the week the severity of the weather
led to the belief that the leading Baltic ports would soon be
In the
closed.
In fact,
impeded by
ice,
it was telegraphed that the Neva was much
and that the local steam navigation had been
To-day's telegrams, however, are to the effect that
the weather has become very mild ; that all indications of winter have disappeared, and that the navigation is as free as at
any time during the summer. Neither the frost nor the mild
weather seems to exercise much influence over the wheat trade.
stopped.
has been very quiet throughout the week, and millers have
been only buying to supply immediate wants. Where sales are
forced lower prices have to be accepted, but there is no pressure to sell, and consequently the fall in the quotations is not
more than about >^d. per quarter. Supplies are not heavy, but
they are ample, and any recovery in prices w at present
far from probable. British
farmers are still marketno doubt pruing moderate supplies, and they are
dent in realizing, when there seems to be so little to
be gained by holding. In fact, holding may mean ultimate
loss, as there are considerable supplies of wheat afloat, while
the return of mild weather will enable shippers at Russian and
German ports to make some further shipments before the navigation is closed for the season. Great efforts are being made
to ship produce from Odessa, and the town authorities have
been petitioned to keep the port lighted beyond the Udual
hours to enable merchants to load the vessels in harbor with the
large quantities of produce which have arrived from the interior
during the last few weeks. An increase in the supply of Russian wheat afloat is anticipated, and the Continent will be very
fairly supplied for some weeks to come.
The quantity of wheat estimated to be afloat to this country
is 2,353,000 quarters, of Indian corn, 337,000 quarters, and of
It
flour 122,000 quarters.
During the week ended October 29 the sales of home-grown
wheat in the 150 principal markets of England and Wales
amounted to 55,369 quarters, against 45,079 quarters last year,
and 39,963 quarters in 1879; while it is computed that they
were in the whole kingdom 221,500 quarters, against 180,300
quarters and 157,750 quarters. Since harvest, the sales in the
150 principal markets have been 441,981 quarters, against
396,584 quarters and 211,301 quarters; while in the whole
kingdom it is computed that they have been 1,768,000 quarters,
against 1,586,350 quarters in the corresponding period of last
year, and 845,500 quarters in 1879. Without reckoning the
supplies of produce furnished ex-granary at the commencement
of the season, it is estimated that the following quantities of
wheat and
is
upon the British markets
snpply of wheat in the United States
flour have been placed
since harvest.
The
visible
also given:
1878.
1879.
11,264,367
2,173,112
10.656.1M
2,034,14-J
"^?Sda^.''.".'".".'!^r" 7.661,000
0.371.120
3.668.0O0
9.902.000
21.809,913
IS8I.
Imports of «lieat.owt.l2.0BO.'J2l
2,038.727
[inporu of flour
Total
Dednot
exports
wheat and flour
1880.
12,689.635
21,397,897
20,110,503
2l.3U,&»9
237.737
383,977
_„»„..
29.3U
... <>«•
511.83S
21,5-22,211
21,231,020
„.
10,831.195
..
.„
21,272,784
17,100.000
28.332,700
18.292,760
ot
Resnlt
Av'ira price of English
wlieat tor season (qr.)
l,Z56.iO»
.
19.1.
8d.
^tathe"u'.''a.':"'b;lLh'.20,500.000
lis. 8d.
2
18». Id.
..,
4U.
..j
8d.
-
THE CflRONlt'LK
552
and from the United
ten weeks of the season, compare
as follows with the corresponding period in the three previous
The imports and exports
Kingdom daring the first
2,6U,6u7
2,383,274
254,429
337,142
5,831,991
2,088,727
oom
1879.
14,264,367
3,466,711
3,182,793
204,684
437,743
4,673,288
2,178,142
1878.
10,656.194
3,236,569
2,233,775
346,169
311.894
7,570,353
1,256,405
Barley
Oats
Peas
Beans
Indian com.
Flour
Exports.
Week.
1879.
1878.
334,426
197,.377
2,221
66,909
27,218
11,257
40,882
31.551
4,022
5,118
15,427
5,807
276,616
31,737
522,661
31,745
19,941
4.056
1,278
62,856
19.171
Great Britain
:
Silver,
peroz
d.
Consols for money
Consols for account
Fr'cU rentes (in Paris) fr.
U. 8. 5s ext'u'd into 3^29
U. 8. lias of 1891
U.S. 4s of 1907
Erie,
common
Penn.sy Ivania
Philaaeliiliia
&
H6I3
120M
4818
Sat.
s.
116%
I2014
4334
1201-2
Wed.
a.
33
144 12
Mon.
s.
d.
85-90
10518
liesg
12013
1718
137%
x66
34%
33iie
144
I4314
Wed.
Tues.
d.
t.
14 3
10 8
10 7
5
10
11 2
11 1
11 1
"
1011 10 11 10 11
Cal. wliite
5 III3 5 III2 6
Oom, mix., West. "
Pork, West, mess . ^ bbl 77
75
75
48
48
Bacon, long clear, new.. 18
91
91
Besf, pr. mess, ne\v,^tc. 91
Lard, prime West. ^ cwt. 53 6 58 6 58 6
03
03
Cheese, Am. choice, new
Flonr (ex. State -.100 lb.
wneat, no. 1, wh.
"
Spring, No. 2...
"
Winter, West., n
14
10
10
3
7
14
10
3
6
6
1201^
120%
483«
13812
6di4
4818
1381-1
65%
31-'9
3413
143%
I4314
Thurs.
Fri.
s.
d.
«.
d.
s.
d.
14
10
10
11
3
14
10
10
3
3
11
2
11
10
10
11
8
7
2
8
7
10 11
5 III2 6
75
75
48 6 48 6
91
91
57 6
58
63
625
All other countries
$2,625
18,800
2,000
Germany
$165,000 $8,928,133
15,600
287.930
270,809
$10,463
10,201
12,470
2,502
8
8
2
10 11
5III9
75
18
91
57
63
An other countries
$220,883
20.065
211.735
738,381
1,122,322
156,424
21,761
$2,521,376
4,971,464
7,217,560
29.79H
Total 1881
Total 1880
Total 1879
$18O,60o $51,563,333
325,418
5,183,139
65.918
S??S^
S^^ ?22=z o ^ ~z o
25
K-CO
^ _ ^et
'
3
:
:
2P
'
'
MM
.""QCCD
6
saQt
&&.',
p,a,.
'
.
00
.
.
.
O GCOO
C C
--5
Of
.
00:
,
XOO'
00 CO.
OM.
c;u<mc
Johnson, Cashier.
JDOMC?
to
First National
MCiOC
CiCO-
2,586— The
to I-:
m m 00
'.c
xtoc;w
M
WVC M
O''^ WHO
^H-OJ —
pwpoc
ccobci
-I Id
CD
iooi©c:
»t»
—
O O 00 H* *. c: Ci to to
'-bbilO
CntO'-'QD
Co'XJOlV)
CO -I
X
^ ^
COM
Qo'cri
-J
CJi
»
^ft
'T. c:
if>^
o-
xcobo;
*. ,X
MO to Olio
to
J
v''
X O M !- - It^ -J <| o-
H to Di
oi o ^1 col*
xox'w'
-I
C-i
,
^-
too
to Ci c
to *- Xi <1
CO #^ CO en
OWrf^COXt-
o» <j c; to
0»-'^M
2a COMw
—
o ox
^ X Qi X o Xi toot
to 1— t— 01 O" CJ
:;
C£
-I'r^'lO
Mt^-tOtO
;g_C0M<jrf^^H'Oiyia
bxblii'Ci'bi'bib'x"to to
O'
O
rf''
COO'tUXtS
M O
rf^Mo;--QCpp
CO
CO *^V|b C
b
C£J)CiX»^Ot — XC
COUi-^tt-
to CI
to Ci
CC
01 Cn
'ft*-
w 10 c cj I- c O' c:
Oi
r-
>£'*-' to--
coco
iCk
to
-1 o
o -J c c;
ox
10:
Vowxbc
W^COJ*
f-i
pX<l*»Cl]0
cs
X
C to M H-
S
I-"
COM Cj'tP' -lb -)'--'
'wcbc:
-1
cc^D
ro
w,oa>a
to
o<
en «
CO
M
C!^X*-'CiCjOW
woo
a — xut
CO
Imports and Bxpoets fob thb Week. The imporis of last
week, compared with those of the preceding week, show
a decrease in dry goods and an increase in general merchandise.
The total imports were 19,864,613, against $7,817,024 the preceding week and $7,580,223 two weeks previous. The exports
for the week ended Nov. 15 amounted to $7,005,219, against
$6,029,302 last week and $5,910,615 two weeks previous. The
•following are the imports at New York for the week ending
(for dry goods) Nov. 10 and for the week ending (for general
merchandise) Nov. 11; also totals since January 1:
m
So;
cr
CB
2,582—The Fanners' and Merchants' National Bank of Urichsville, OhioAutliorir.ed capital, $50,000. Wjn. B. Thompson, President
Cashier.
^o
as;
organized t
First National Bank of Creston, Iowa. Authorized capital,
$50,000. S. H. Mallory, President; John S. Black, Cashier.
2,587— The Pemigewasoet National Bank of Plymouth. New Hampshire.
Authorized capital, $75,000. Nathan H. Weeks, President;
Osmon B. Copeland, Cashier.
2,588— The First National Bank of New Hampton, Iowa. Authorized
capital, $30,000. Alfred E. Bigelow, President; Arthur E.
Bigelow, Cashier.
2,589—The First National Bank of Hiawatha, Kansas. Authorized
capital. $-30,000. Manning S. Smalley, President; Samuel A.
Fulton, Cashier.
r^!,
lEEE
~ "-7"^ I'^i^S'
c ^i o ^
;roo
Oo o To fro
"^
•
o o o
>
5;
b;3 Op
e
Bank of Maudan, Dakota. Authorized capi$30,000. C. Edgar Haupt, President; Hiram K. Lyon,
$25,435
729,325
130.793
11.249.835
Of the above imports for the week in 1881, $103,850 were
American gold coin and $13,184 American silver coin. Of the
exports for the same time $2,625 were American gold coin.
The following statement, prepared by the Bureau of Statistics, will show the exports of domestic breadstuflfs from the
undermentioned customs districts, during the month of Oct.,
1881, and for the nine months ended the same, as compared
with the corresponding months of the previous year:
a
tal,
2,016, 53»
$435,066 $118,963 $50,831,1022,184,323 ;i,377,372 47,630,25*
2,065,138 3,118,159 60,041,617
Silver.
OO:
n
S.
102,700
2.000
®0mnxerclal miAW^lsctUmuoxxs %tws.
National Banks. — The following national banks have been
Charles
233.70"6
$32,359,234
3.893,671
9.186,033
95,573
2,322,082
301, -208
23,390
7)9.635
6,.5(d6
South America
Since Jan. 1
$
$70,160
38'44-i
85-20
105
105
XI15I3 II5I3
1011
.
2,585—The
331,159,652
Week.
1
Mexico
Thurs.
51%
51!5i6 Sl'^s
1009,
lOO&iB IOO618
lOOiija lOOiije 1007,8
4818
13313
68%
14314
Liverpool.
U6ia
138 13
138
68
Reading. 35
New York Central
Tua,
51^8
51'»16 51 's
lOOSia 100»,6 1009,8
lOOiiie lOOiiia' IOOII16
86-30 36-40
86-65
105 14
I05ifl
105
stock
niiiiois Central
Mon.
$2,000
...
.
T»tal 1881
Total 1880
Total 1879
The daily closing quotations for securities, &c., at London,
and for breadstuffs and provisions at Liverpool, are reported
by cable as follows for the week endintr November 18
Sat.
$7,005,219-
Imports.
Since Jan.
West Indies
Enslisli JHarltet Keports— Per Cable.
London.
1881.
$3,084,388
358,198,552
Gold.
1880.
259.171
9.963
118,631
11,588
8,433
50,136
28,566
Wheat
1880.
$6,987,695
302.048.437
The following table shows the exports and imports of specie
at the port of New York for the week ending Nov. 12 and since
January 1, 1881:
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
EXPORTS.
1881.
1879.
«6.365.350
301,017,370
Total s'ce Jan. 1 *307.382.920 $309,036,152 $366.282,940|t338, 164.871
1880.
12,689,635
2,719,099
2,596,783
461,647
297.281
769,910
2,034,142
1881.
cwt. 12,060.221
Wheat
Barley
Oats
Pens
Indian
Flour
1878.
For the week...
Pre V. reported..
IPOKTS.
Beans
BXPOBTS FROM !CBW TORK FOR THE WEEK.
of grain into
seasons.
xxxm.
\vou
c: en tc
C-«
t
••
cotoccxi
POBEION IMPORTS AT NlSW YORK.
For Week.
1878.
1879.
1880.
1881.
»-
C5W'-'^_t-»ptf».««tC_tO(f*[
Bry Goods
Gen'l mer'dlse.
$1,004,828
2,923,366
$1,620,923
6,320,033
$1,279,386
7,365.273
$1,612,999
8,221,613
Total
Since Jan. 1.
$3,928,194
$8,140,956
$8,614,639
$9,804,612
$83,106,353 $111,818,603
206,328,901 318,675,478
$99,695,332
283,307,098
MVi'^bbb^r-'tb'xto
CD w o to ^ w c: o to o --I
•-) g -^ -I -J Ci ox r- QlX
ko
Ury Oooda
$68,913,60.',
fcen'l mer'dlse.
Is3,879,970
Total.
M M H* to tp xb x^
— Mcoxxc:*.-!
wuox'
^J
*252.795,573 $289,435,254 $430,491,081 $383,002,430
'J
The following
a statement of the erports (exclusive of
specie) from the port of New York to foreign ports for the
week ending Nov. 15, and from January 1 to date:
is
*.o
w" 03
tlJCCH
-""X
(
'
:>coc:d
-'bb'-i
)i.-OX
O't
JiCOCSX
--1
tocopwp |OtO w
looob'
5-1 to
bib'*--
.
M M CO rf^ lyioix
(Or-O
- M
U* ot to to Oi
rf^
•Xrf-tO
3tOOi*»
^
M MMtOp|0
at cob' tfi-oiloVto ocox
ocox — COMOtO.to — o
^_t3tO xtoxp 'W wp
b'tF-b" rf*^lM to W brf*b
co©c;i^x :cuto
o
XtO<l
.
OOO'-^
*--J^:o
IMMQO
'
insipcD
'-jx'-'b
<
to coobtbx MCOb
w
m.-'CO
tX 03 ro
CCOSl
o
In our report of the dry goods trade wiU be found the imports
of dry goods for one week later.
coy
r?
'
1^
Si.
-ixto
DM -IX
om'jV]
5a>co-»
>«tm:.x
COMMCO ^
O-^MCO *
NovKuuER
THE CHRONICLE.
10, 1881.1
•Included In tlie foregoing tot*l« arc the rcporto
»(«vr Il"v!!i., I'onlaud. ifloUiuond and WlU»m«tto, the
1881,
iM'liitf
m followd
yew
Uilmtuket.
Barley—
BuHUi-U
deUUU
for Oct.
Wtllametlt.
mond.
Indlnncorn—
150
108
Valno
9
Indian com niciU—
Barrolfl
and above
l,70.t,89a
avail-
$2iO,ttH
370,940
Leaving a net gain of
$111307
It is to be regretted that Mr. Wltaon lastvear elected to retire
from direct connection with the Eatit Tennewee Virginia &
Georgia Railroad system, with which the tlemphia A Cbarleuton
Road is connected. Mr. Wilson Is the author and creator of
VaUio
RyeI$ihIhiIs
Value
."565,008
l!n-h.-lll
664,608
Hour—
300
985
2fl.?35
2,400
3,995
235,110
12,769
02,573
4,258
235,110
148,680
617,241
242,707
Hands
Viiluo
Total values—
.i;
4i',6o6
7,500
6,275
1881
.i(
638.010
49, 14.5
1880
.$1 016,997
.. ..II
10 montUs—
910.741 1,490.354 3,'il5,.30ft
69.209 1,295,541 1,560.035 2,023,027
Anctton Sales.— Messrs. A.
og at auction this week.
H
MuUer & Son
sold the foUow-
When he
& Georgia
became connected with
Railroad Company, the line
embraced but one hundred and forty miles, and the compao/
was very much embarrassed, both financially and phyirfcalljc'
the stock being of vnry little value. For a period of abont
twelve year?. Mr. Wilson gave this system of roads his nnremitting personal attention, the result being the acquirement of
the control of the Kast Tennessee & Virginia, the Cincinnati Cumberland Gap & Charleston, the KnoiviHe & Ohio, the
Georgia Southern, the Selma Rome & Dalton, the Alabama
Central, the Memphis & Charleston, and the Macon & Brunswick Roads, making an aggregate of completed lines, of 1,183^
this
WlK-a; -
i
of indebtedoeas over
able assets
BiiAhclfi
Oct.. 1881
Oct.. 1880
91,446,244
91,397,160
318,736
Two-thirds of oxtrnordinary expeniies aasamed to bare appreciated the value of the propertf
OaU—
%Vlu':it
13,7S7
00,375
Inorca«ad value old rail* on hand.
Showing net Inoreano
00
150
1.200
5,1UU
9
Value
1,342,082
Collnctlon nu ncoount of note of Soatliern Railway Beonrltjr
Ordinary and extraordinary nipMlMS
Accruing lutOrost on indebtvdoew
.."*
Value
Total eamlngn
Company
Rich-
Portland.
Battn
from Mllwiiuliee
553
system of roads.
the East Tennessee
flrat
miles.
shares.
.SVi
«(•«».
20 Now York & San. Jor^e
10 Merchants' E.tch. Rank.. OOU
23
Mining Co
190 Tradpsuicns' Nat. Bank.. Ill
JSondg.
91 ^a
10 Kniiiire City Ins. Co
lOO^a $24,000 Kings County Court
23 Niagara Fire Ins. Co
House 7a,due'H3.104i3 and Int.
5 Central I'ark North &
132
$300 I/ont; Island KK. 1st 78,
Kast River KR. Co
11314
due 1898
04 Nasisau Gasl'ht of Bk'lyn. 07>3
214
$1,000 WilliamsburKh Qas100 Manhattan Gaslight
1001-2
llglit es, due 1900
60 N. Y. Life Ins. & Ti-ust
406-103
$100 New York & San Jorgo
Co:
Mining Co. lOs, due 18^4. 40
30 Tradcsniens' Nat. Bank. .Ill
$103,000 Lackawanna & Sus50 (Jt. West. .Marino Ins. Co. 65
01
quehanna Coal Co. Ist
30 Lenox Fire Ins. Co
mort. bonds, coupons on.. 15
5 Eei)ublic Fire Ins. Co
75H
—
Chesapeake & Ohio. In view of the completion of this great
line t« Newport News, Messrs. Fisk & Hatch say in their
circular: " The completion and opening of a new trunk line from
trunk
When
Mr. Wilson retired from this system of roads it was
hands of Mr. Geo. I. Seney and associates, who
are making important additions and connections, rendering it
one of the most important systems in the South.
Under Mr. Wilson's administration the property was placed
in a high state of efficiency and the indebtedness very greatly
It is proper to state that the results mentioned wer«
reduced.
achieved, not through any stock-jobbing manipulations, but
wholly through good business management.
Long Island City Debt.—The Mayor of Long Island City
has issued a statement giving the debt of the city as follows:
BONDED IXDKBTEDNES8 OCTOBEB, 1881.
pa3.sed into the
Newtown det)t
Newtown refunded debt
*'5?'522
S 'XxS
Survey Commission debt
Water debt
Fire and Hydrant debt
Tax eertittcatcs, 1880
Tax certillcates, 1881
'•'5'"2s
"*3S'2Sx
ti'^SS.
the Atlantic seaboard to the West is an event of so much
5x'5Sx
importance that we have taken more than our usual pains to
ZO.OOO
lay the information before our customers and correspondents."
$996,000
Total
" It is not generally understood that this will be the
*
*
*
50,000
L ss amount of back taxes
shortest route to the seaboard for ten millions of people west of
the AUeghanies; that it will also be the shortest line to WashingNet total
*Ht-^2
„;„;
ton from Louisville, Memphis and St. Louis, and from the same Floating Indebtedness
'?35
Bills audited for which warrants have not been Issued
region to Now York; that it is the shortest route to the seaboard Due
37,866
Police force to Oct. 1, 1881
2.390
from Chicago and Cincinnati; and that its ocean harbor on Due for salaries to Oct. 1, 1881
Hampton Koads is unrivalled by any harbor on the Atlantic Coast.
$1,019,132
Total
It will now enter the field as a through tnink line, with very light
filed charges of less than $800,000 for 1882. and which will not
—The attention ot investors is called to the card in to-day's
reach $2,000,000 per annum for five years to come. The various issue of Mr. F. B. Beers, a well-known Brooklyn broker. Mr.
securities of the Chesapea^ce & Ohio are quoted to-day as fol- Beers has recently opened an office at 31 Pine Street, this city,
lows: Purcha-se money funding bonds, 11.5:^117; series A bonds, and is now prepared to accommodate his patrons in both cities
101@102; series B bonds, 85@86; currency bonds, 57@58; six with Brooklyn and New York securities, and with securities of
per cent bonds of 1911, 100 and interest.
other cities, etc. The two offices are connected by telephone.
•'
These last-named are excellent interest-paying six per cent
—The Homestake Mining Company has declared a dividend
bonds, $2,000,000 in amount, which we are now selling at par
of $30,000 for the month of October, making $1.170.000 to date.
and interest." and are described as follows: Six per cent mortfage bonds of 1911, Peninsula extension (not yet issued),
BANKING AND FINANCIAL.
2,000,000, in denominations of $1,000 each. Dated Jarjuary 1,
1881; payable January 1, 1911. Interest payable April 1 and
October 1, in gold coin, in the city of New York. These bonds
are secured in common with the bonds of series A by a first
mortgage on the extension of the road from Richmond to NewTHE OPENING OF A NEW TRUNK LINE FROM THK
port News, together with valuable terminal property at the
latter point, which, as the seaboard end of an immense system ATLANTIC SEABOARD TO THE WE3T is an event of so muoli
•of roads and connections radiating from the Chesapeake &
importance that we have taken more than our usual pains to lay the
Ohio, will possess a value many times greater than the mortgage, and largely increasing from year to year.
Information before our oiutoraers and correspondents.
•,•
— —
•
•
ry
Hemnhis & Charleston Railroad.—The annual meeting of
the stocKholders of the Memphis & Charleston Railroad was
held at Hunt«ville. Ala., on Monday, at which President R. T.
Wilson submitted his report, showing the following results:
The LT0S.S earnings for the year ending June 30, 1881 (includinK earnings of the leased line between Stevenson and
Chattanooga, not heretofore embraced), were...
And for the previous. year
$1,342,082
1,003,270
$338,811
From which deduct rental of leased Uue
.'.9,601
fibowlDg net Increaae ol gross earnings
The total earoings were
'fincratiug expenses, includiog taxes
Itues for Buue period, were
Showing excess
$279,150
1,342,082
and
830,736
$511,345
for the same period were
be decreased by increased value of old
rails on hand at close of fiscal year ending June 30, 1881, as
compared with close of previous fiscal year, $90,375.
Assuming that the property has been appreciated in value
to the extent of two-thirds of the extraordinary expenditures,
which we think is correct, the result of the operations for the
year ending June 30, 1881, may be summarized as follows:
which
will
our
office,
copies ot
which can be obtained at
giving an account of the completion of the
CHE3AFEAKE &
ELIZABETIITOWN
OHIO RAILWAY to Newport News, and also of the
LEXINGTON & BIG SANDY RAILROAD, forming the
between the Chesapeake A Ohio and Ito aUled Uncs, West,
connection
Southwest
and Northwest.
The Chesapeake
& Ohio now
and as the shortest route
to the
enters the ncld as a through trunk Uae,
seaboard for ten mUllons of people wo««
of the Alleghanles, with very light fixed charges
and a rapidly-develop-
rental of leased
of earnings over operating expenses
The extraordinary expenses
?5.')6.423,
Wo havejust Issued a pamphlet,
ing local business.
bonds
The company are now ready to leU the $2,000,000 six per cent
and
par
Price,
News.
of 1911, Issued on the completed rood to Newport
accrue J Interest.
A
description of the bonds
wlU be found on pages 16
and IS of the pamphlet.
FBK
A HATCH,
No. 5 Nassau Street.
IHE
554
(.'HROWK^LE.
[Vol.
XXXm.
—
^ ,.^„^™™p D K N » s
The f ollowloK dividends have
:
recently been aunouuced
Jfame of Company.
Per
When
cent.
Payable-
Railroads.
B jst. & S. Y. Air Line pref. (quar.)
Catawissa pief
Delaware « Bonnd Brook
itl l^teilaneous.
American Kxpress
Books Closed.
(Days inclusice.)
INov. 21
Dec.
1
3>3
Nov.
17iNov.
1%
Sov.
lO'
Dec. 1
to
Exchange. The foreign exchanges are unsettled from causes
indicated in our remarks above. Nominally rates go up on the
scarcity of commercial bills, but the standard drawers are not
able to sell with much freedom, as large remitters are no believers in the advance, with such heavy stocks of produce held
over the market as are now being carried at the West. The rate,
standard, on London to-day is $4 81/^ and on Paris 5 francs
25% centimes to the dollar.
Quotations for foreign exchange are as follows, the outside
prices being the posted rates of leading bankers
:
1
NEW YORK, FRIDAY, NOVEMBER
IS,
11 to Jan. 3
M.
There have
18S1-5
—
P.
The Money Market and Financial Sitnation.
been one or two events daring the week calculated to influence
unfavorably the price of money, but in the main these had
«nV a temporary effect, and the market recovered as soon as
the pressure was removed. The rates on the Stock Exchange
and on flrst-class mercantile paper ruled at 5@6 per cent most of
the time throughout the week; but this afternoon the rate is
sharp 6 per cent, partly because of the bank disturbances in
Ihe
Sub-
Trea.sury are running pretty even this week, but as the drafts
clearings, but
and
go
to
pay customs
duties do not enter into the
directly into the Sub-Treasury in gold coin
notes, the banks,
on the whole, are
losers,
and rather lower
averages are looked for to-morrow.
On Wednesday the Treasury made a second attempt to buy in
3}^ per cents at par and interest. The offerings were less than
$40,000 of the $3,000,000 advertised for, and the new Secretary,
who only entered upon his duties on Monday, has not had time
yet to shape other plans for taking in bonds to lessen his cash
balances, which continue to accumulate.
This tends for the moment to unsettle the money market and
to induce caution in the movements for the "bull" account of the
Stock Exchange, while the opposite interest is emboldened to
sell their speculatives
short on the uncertain look which
money
has at present.
The grain and cotton speculators here and at Chicago are not
only retarding foreign exports, but still continue to absorb consums of money from banks and private lenders in the
way of advances on store and elevator receipts.
To-day there was, as intimated above, a disturbing element
from the Boston market, which affected Wall Street by considerable sales of stocks on Boston orders. The trouble came from
the failure of the Pacific Bank, a concern not in the Clearing
House, and one or more suspensions among tho brokers. The
door of the bank was closed about 2 o'clock. Late dispatches
from Boston say that the capital of the bank was recently increased from $500,000 to .$1,000,000, of which $830,100 had been
paid in October 1st. The loans and discounts at that date were
$3,779,813, and the bonds held for note circulation at Washington amounted to $500,000. The deposits subject to individual
check amounted at the same date to $1,090,746 22, the demand
certificates of deposit to $1,330,102 59, and the amount due other
rational banks was $894,539 45.
siderable
The
Bank of Bo.ston is also believed to be in
understood that the institution will be carried
through by the associated banks of Boston. The difficulty with
both organizations appears to have been that they were supporting a speculator loaded up with mining shares and low-priced
railroad properties. To this speculator they are said to have
made large advances, taking the securities indicated as collateral, and the inevitable reault has followed.
The ]5ank of England weekly statement on Thursday showed
a loss of £46,500 in specie, and the percentage of reserve to liabilities was up to 39 3-16 per cent from 38% the previous week.
The discount rate remains at 5 per cent. The Bank of France
gained 5,425,000 francs gold and lost 3,925,000 francs silver.
The last statement of the New York City Clearing-House
banks, issued Nov. 12, showed a decrease in the surplus reserve of
$132,100, the excess above the 25 per cent legal requirement
being now $2,972,575, against $3,104,675 the previous week.
The following table shows the changes from the previous week
and a comparison with the two preceding years
Central National
trouble, but
it is
:
1881.
Nov. 13.
DilTer nees fr'm
previous week.
1880.
Nov. 13.
1879
Nov. 15-
lioansanddls. *313,1 23.800
Specie
60,738.900
Circulation...
20.043.100
Net depoaitH
290.t)77.300
.
liBgal tenders.
It^gal reserve.
Be«erve held
Burplus
Dec. $227, 100 $324,970,000 $268,538,800
Deo.
131, 600
64,955.400
42.992,800
luo
34: 00
18,'0S.7O0
22,475,700
Dec. l,«Oi, 200 307,708,200 23il,2c;i,200
14,S53,0!I0 Dec.
3o8: ,800
^ 2,474,900
22,595,800
$72,609,325 Dec. $351, 300 $76,927,C50 $59,800,300
75,611,900 Deo.
493, 400
77,430,300
65,588,600
$2.971.575 Dec.
$132,100
$503.2501
$5,788,300
4 79 ®4
5 2.i68a>5
79^
23\
3958» 39\
Paris (francs)
Amsterdam
(jruilders)
5s,
—
ex November interest.
closing prices at the
continued at 3H. 3. & J.
58, continued at 313.. Q.-Feb.
4i«8, 1891
reg q.-Mar.
coup. Q.-Mar.
4>S8, 1891
68,
is,
*
1907
1907
cur'cy,
cur'cy,
cur'cy,
cur'cy,
cur'cy,
This
is
reg. Q.-Jan.
coup, Q.-Jan.
1895. .reg.
1896. .reg.
1897.. reg.
1898. .reg.
1899. .reg.
r.
J.
J.
J.
J.
&
&
A
&
&
^In
fair
The
18,
Sa,
6s,
Ss,
6s,
Ss.
94I4
4 8i»4a4 84!a
4 H3ifla4 84
4 8.T &l 83'a
5 20'>8»5 ISiit
39783 4018
94"8a 9518
United States bonds the bu.siness
amount, but the market closes
116%@117 for the 4 per cents and 102 for the extended
United States IJonds.
week has been to a
of the
dull at
«
94
BYaukfort or Bremen(reicbmark8)
Interest
Periods.
The balances between the Clearing House and
4 80^»4 81i2
4 79if2a4 80
Prime bankers' sterling bills on London
Prime commercial
Documentary commercial
Boston, related further on.
upon the banks
Demand.
Sixly Days.
Noveinber 18.
3 Dec.
Jan.
J.
J.
J.
J.
J.
New York Board have
.Vol).
12.
been as follows
Nov.
Nov.
Nov.
Nov.
No-}.
11.
15.
16.
17.
18.
101 14 •IOII4 IOII4 10114 •10114 101^
IO2I4 102% 10218 102
102 -102
112as II214 112% •11238 •11238 112=8
II310 113% *113l2 113% II3I2 •113i<j
1171* *117ie II7I8 •117
117
•lie's
II718 117
117
llO's 116%
WIH
130
130
*130
•130
•130
•130
134
•134
'133
133
'134
•130
13034 '130>a *1301« •ISOifl *130is 130
131 •13112 131 li •131
•13H2 •130
1.32
M32V! *132i-2 132 •13212 •130
the price bid at the moriung Ooard ; no sale
was made.
Bonds.—In
State bonds there has been
per cent in Tennes.sees during the
week. They leave off at 74 per cent, after selling at 74?4@75.
Considerable interest is shown in the Arkansas bonds issued to
State and Railroad
an ultimate
rise of
1^@2
bankrupt roads.
In railroad bonds a moderately fair business was done at variable prices. The temper of speculation was influenced by the
irregular course of stocks. New York Lake Erie & Western
new"2d consols close at 104%, and most other speculative issues
of railroad bonds recorded lower prices to-day than a week ago.
Auction sales are given on the preceding page.
Railroad and Miseellaneons Stocks.— The stock market
has been irregular and feverish throughout the week, with a
downward tendency to prices. The circulation of rumors of a
disquieting character had an unfavorable effect upon share
speculation early in the week. It was reported that the
Tradesmen's National Bank of this city was in difficulty and that
An immediate investigation by the
its failure was impending.
Clearing House Committee, at the request of the bank itself,
developed the fact that the rumor was utterly groundlsss, and
there
was no basis for even a breath of susthat
After this rumor
picion with regard to the bank's condition.
had been exploded, there was a ratl;er more confident tone to
speculation, but this was not maintained long. There was apparently much uncertainty as to the immediate future of money,
Gold
which is an important consideration with speculators.
importations have virtually ceased for the moment, our exports
continue small, the demand for funds from the West and
South is unabated, the Treasury is daily taking in more than it
pays out, and its efforts to relieve the market by the purchase of
bonds have thus far proved unsuccessful. With such conditions
prevailing, there was little disposition to push the "bull" movement which appeared to be foreshadowed last week by
said,
be
is
to
It
operators.
leading
the course of
however, that it is believed that the new Secretary will
soon take more decided measures to release the surplus
revenues at his command, and that it is expected that with a
collapse of the speculative inove:r;ent in grain and provisions at
the West, and consequent freer exports of our domestic products, there will come a resumption of the importations of gold,
so that operators for a rise are not at all discouraged, but
disposed to bide their time and wait for a lu'ire favorable opportunity t) bring the realization of their hopes.
Directly affecting the value of stocks there have been very
few developments during the week. The railroad war is still a
subject of discussion, though higher rates prevail. It is not
known whether there will be a "definite settlement soon, or
whether matters will be allowed to drift on, with each road
marking up rates independently of the othei-s, which course is
now being pursued, being rendered practical by the pre.ssure of business on all lines. A contract has been signed
this week between representatives of the Central and Southern Pacific and the Uould system of roads, by which harmonious relations are established at competing points.
Arrangements are said to be in progress looking to the opening
The newof a transfer office of the Western Union in London.
agreement between the different roads composing the elevated
combination, by which it is hoped to overcome the difficulties in
the way of a settlement, was formally made public early in the
week.
1 XI
The general stock market left off feverish this evening at the
'owest figure„s of the day. The bank failure in Boston unsettled
financial circles.
values and produced an uneasy feeling
'
.
m
NOTEMDEB
THE CHRONICLE.
19, 1881.]
RANGE
IN PRICES
AT THE
655
STOCK EXOHANQB FOR THE WEEK, AND SINCE JAN.
N. Y.
DAILY HIOHSST AND LOWEST PBI0X8.
STOCKS.
Nov.
Tneadir.
Nov. tS.
Monday,
Sacnraay,
Nor. U.
IJ.
KAII.KOADS.
Albanr A StiRiiui^hnniiii
Bostun
129
pref
IMti»lmr(r A
nuffWii
BurlliiKton
Western
luplds
Ci-iliir
A No.
81
aiv
<3
64
CAlia«la SimtlnM-n
Contriil of Now Joraoy
Centrjvl I'ju-tllo
CUeaaiwake
A
00 >,
Ubio
l)o
1st prof
Do
3d prof
ClilooKoA Alton
prof
Do
ChlcftRo Burllnirlon * Qntnoy.
ClilcnKo A KaMtorii IlUnoiti
CbicttKo Mllwuiikoo A St. Paul.
prof.
Do
A
Vj
60
00
03 U
01) -'i
91) 'j
09 >, 08 _
93>« fiO"*
9S>a 98
28 >« 28^
40
40
281.4
95 Hi
40 Si
30
403« •lo•20
st
131
137
134^ 130 >4 134
142HiU»
140
141
109 >4 nil
12334 123
•29
»1
142H,
140 Hi
127-4
143
143^ 143
13.) Hi
137
135 "a 137
lal. *
•82
RH
80
A New Orleans..
ChlcAKO !4t.
41"4 4l'i.
41
4mi 42
Chicago St. Paul Minn, dt Oni..
prof. 103 "« 103 K, 102»< 103 "s 102
Do
no Hi
58
67
R7>,
81
CInoinnatI SandnskT <* Clev
91 's
9211 93',
92 »< 92 \
Clevolanil t;ol. (Mil. * Iiiil
Clevelaml A Pltt.HlmrK Kuar. .. '135"il3.S'.j 138 U 238 '4
20=8
21
19 Hi 211,
21 \
CX>lnnibU!i Chic. * Inil. Central
Danbury A Norwalk
Delawiii-e i>ackawanna 4 West. 127 SI
8i'4
Denvt'rA Rio Oranile
Pubuijiie A Sioux City
le-S
Kast Teuucaiioo Va. A Ga
pref..
Do
271a
<leorgi» Kallr'd A Banking Co.
90
Uauuibal A St. Joseph
113
Do
pref
'
J
lliiif. >
Texas Central
'ontral
I
&
Hlwim'u
liiiliHii.i
127'* 129'4
142
13U
prof...
Paclilo
U
.t
03 >4
00
03»,
03"a
03^
OS's
84Hi
134=8
63=4
19Hl
West., new.
Kookuk A
pref
Do
Lake Erie A Western
Lake stboro
Des Moines
44^4
121 «
Ijong Island
A Mlssoarl River
pref
Loniaville A Nashville
Ijoiiisvillc New Albany A Chlo.
28 »i,
I28'4
98
98 Vj
2834
108-.,109i4
I23's 123<4
127'% 1281,
143
142
135 Hi 136
86
142
Hi
I3ID4
85 Hi 83 Hi
41i(.
41
41Hl
102'b 102 V 102 Hi
84
81
81 >.
93
138
21
93 Hi il3H
138 138
20=4
20=4
108
>9
i28'"
100% 108 100%
122% 122%
128=4, 128% 1-28%
142Hll42Hl
188 Hi 138 Hi 135% 135%
85 Hi 85 Hi •83
83
407; 4m,
102-, 102',
61 '4 02 '4
40
40=4
102
102 '4
68% 61%
92%
02
ise"
isf'.j
20=4
21 '.4
"20% 'Si
70
70
126=4 127 >, 128% 127 >4 1'25=4 127
128Hil27=» 126 Hi 127
83=8 84=8
84 >8 84',
84
83^2
83=8 84=8
83% 85
•85
•85
90
85
85
90
16% Ve-X, 15% 16
10'.;
16
I8H1 18\
!8Hi 17
16Hi
27 'e
27 >4 2714
28
27=8 27=4
28^9 27
28 >e
28% 28%
183 183
9614
95=8 95=4
903«
95
93% 95% 04% 05%
9«=»
96
109=4 112%
112=4 113
113 "a 113Hlll3Hi 112 112Hi 110'.jU2
215 215
00
90
PlHi OlHi
01
93
90 Hi 92 Hi 91
91Hi
134 14 131=4 134 134
134 Hi 134 S
135 '< 133\ 13.i
62=4 54=,
Sl% 63H!
53 \ 53'u
62 Hi .14
53 Hi 54 Hj
54 Hi
21
2IH1 21Hi
2OH1 21
60
60
46
44% 45
48
45 Hi 43 H) 48
120H|121i4 1201% 121=4 121% 122% 121%l',j2%
122 "6 120<^ 122
53
65
65Hl 65 Hi
128
'b
8.">%
LouIsLina
Do
M an bat
00
98 -"b
81
81
56 >4 57
23 Hi 23 Hi
18
18
an
HanhuttiLu Beac^h Co
Marietta A Cincinnati, 1st pref.
I
Do
2d
Menii'liis A Charleston
M.-tii.i'nhian Elevated
M Hii'iriii
Ceutnil
Aliiu:uikeo L. s>h.
A
80
100
94
West., pref
63Hl
94 1.
54 H
64
96 7,
84 \
67
93
70
96
10
86
100
OS!*
63Hl
94Hj
64
>t,
95
65»(
SoJ-s
57 ><
23 H
80
6334
23
10
88
100
pref.
80
100
05=4
84=4
6U'4
57 "4
23
•21 Hi
95=4
72
74
56% 57
•22% 23%
73
78 Hi
78
78
96=4
117
101=4
92 '8
63 Hi
927,
53 Hi
95%
93%
53%
78
99=4 99 't
93% 94%
63% 54
MUwutiki'oA Northern
64
23
MinucapoUs A .St. Loots
24
24% 23% 20
•69
'89
70
Do
70
70
pref...
42%
42 'a 43\ 42% 437, 42 14 4319 42% 42=4
5ffs;>nTiri Kansas A Texas
106%
M, ^^. ,:i IMi-iiio
lOfl^lOU', 106=4 108
106 107-S, 106% ;o7
V."
I.
oblo
.'.-
JUiii;--
38
3Sti
K.H.sex
v\c
NasbviUt' Chattanooga A St. L.
New York Central A JXuilsou ..
New York Elevated
New York Lake Erie A West..
Do
pref.
New York New Haven A uart.
New York Ontario AWestem ..
Norfolk A Westeni
Do
84
56 X
Northern Pacific
41=4
pref
Ohio Central
Ohio A Mississippi
Do
OhioSontbem
89
11"
47
92^4 91
•170 17.-.
32^4 33 ^
pref
Do
Hi
13«i8l311ij
109-14
4li's
6ii-,
42 '1
83%
83=,
27:.
27
42
42
26=4
27
Hi
Co. oertlhcates.
Peoria I>ecatur A Evansville...
Philadelphia it: Reading
Pittsburg Ft. WayneAChlc
37=4 3837 Hi 38=1
1S8-.4 12614 123
ViO 126
125
88
86 >a 88=1
86 Hi 86=<
88
138=4 139»(. 138 Hi 139% ]38% 139=f 138%
llOHilU
llOHi Ul
110%110Hi •110
48 '4 471.
48% 48=, 46%
46Vt 46=4
93%
93
02% 94 '4 93
93Hi 93
'174
174 174
172 176
32% 32=, 32%
82% 33 14 32 Hi 32
23=4
25
2514 25=4
25% 25=
20 H
58",, 61',
36 Hi 61=4
58% 59=4 59%
40%
41% 42
41Hi 43 H:
41Hi 4 -2 Hi
83%
84
83=4 85
84
86 V
85
27 's 27 Hi
27 14 •27%
27% 2T-4 27
41".- 41Hi
41\ 42
41% 41% 41%
Hi
26^ 27
Dauville
Pittsburg
Home Watertown A Ogdensb'g
St.
A Terre Haute.
Louis Alton
Do
at.
Lonis
Do
A SanFnmclsco
A Dnlnth
8t.
Paul
et.
Paul Mlnneap.
Do
Texas A
Texas A
pref.
A Manitoba.
St. l.ouls
i>.-lpbo3
Burlington
Toledo
A
..
Union :*:irillc
..,,
Waua.fh .-^t. Louis APaoitto ....
i*o
pref.
miscellaneous;
American District Telegraph
Delaware A Hudson Canal
New York A Texjis Land
Oregon Uailwaj- A Nav. Co
63
94
120
SI
50 Hi
07
'
Co
AND MINING.
v
Cor,
112
113=4
SOWi 67Hi
32
33
126%
121=,
48% 49 "4
89 'd
81)-
111)
88=4
87 Hi
62=,
93-V
40 s
118% 113 H 113
60% 58 H
84
113
66% 57%
31
i2b%i2i% 120% 121%
48% 49% 48% 48I.J
88=.; 89 14
88% 00
29
30
70 Hi
70
94=H
63
Hi
110
42
110
46% 46%
93% 93175
32
175
32%
53% 60
40
81=4
27%
84
138% 139%
26%
41%
25=4
23=4
'4'i%
43 LJ
.iig
40
48
Do
43
118
118% 110
'35%
33
58
OC
56
43=4
31
37
41
83%
27
41
16%
...
63
16!,
03%
40
40%
Mlnl'ui.'"";
De.i
lit
EX'
Ncv.
,
,1
Rol.
'
63
20
2%
•33
'
;.";;
"],
3li
55
94
44=4
68
38 't
53
Vi
43'
63'
21% 21=4
1-20% 121
120% 121% 119%V20H
48% 48=4
88% 89 =t
48%
48=4
88=4
89%
109% 110
'."19
61% 62
•33
•17
"2%
19
51% 61%
•34
•18
2%
2%
.
19
2%
•85% 38
•35% 38% •33% 36
•16
16=4
63%
22%
16%
22% 22%
"
i%
1%
10% 10% 10% 10%
20
..
1361..
112% 112%
112%113
66% 67% 55% 57
112=.
•40
•7
::::"
42=4
66=4
66% 67 ,
112
•IS
...
..
ng
fttortnoiii Miijiag
62
•22
.
37
"96% 98 H
45% 45% 46% 46 ,
69% 69%
08% 68
108% 108% 107 107 H:
.
Standard Consol, MluiDS
'•
25
200
119% 118% 110%
31%
i)6
51=4
27
9% 10%
•15
15=4
•82% 83%
22% 22%
39% 39%
1%
.]-»
7%
•1
1%
25%
8% 0%
-
These are the prle«« hid and asked— no axle was made at the Board.
140
98
74 H
137
47%
88%
48 H
80',
8.300
•17
•2^
1%
•7
•1
8%
45
170
43
6fl«4
44%
1%
85%
'143
97
10
2%
2%
85
*20"
•is"
22=4
39-,
15
89=4
9
46
Low.
Illcfe
130
37
•IN
60
40
80V|
8t<C
89
14
90%
45
97 %
113
•25%
15
36%
37%
'n'
90% 169%
160
117
118
18S<n
"m% 1«N
99
134%
87% ISO
146 <
.00%-i04
104
—
33^
61
106=4
0«>i
139%
9% 36%
63
.50
88% 10%
81% 86%
83
80
60^
28',
83% 106
300
168
91%
40=4
09% 127%
'20%
43%
25
20% 48%
05 139%
80
34
f
—
174
109
77
30
21
67%
30
60
3=4
18
2% 18%
89% 43
83
75
181
130%
23% 49%
Mar. 7
Aug. 2
Feb. 21
Feb. 18
Ian.
3
Apr. 13
04
June 'JO
621% J an.
61% Jan.
100 118 Jan.
Oct. 80
33
30
67
43
470
2,300
100
1,000
461
39=4
i%!
2,300
2,600
26%
8%
9.776
88%
78%
189
129
Jnne29 74% Feb. 12
89% Jan. 4113%
163
93
77
143
TOO
8%
mn
IflM.
I
40% June 20
Jan.
360
Hi
1
May
Apr.
•7
•as
20
Nov.
Jan. 14
77
36
62
23
80
no
90
120
!9
15
23
4,750
36
02%
•1%
^^
1%
51=4
ror
"
1,036
•73%
134% 134%
•)I6%
24
12
18
|.„1.
17
20,400 88%
4 II.!
2.',
3.VI90 80%
2,5I« 90%
19
1,250 88=4 Jan. 12
160 23 Jan. 25 30% May 14
3,100 137 Aug. '20 169 Jan. A
140 Mar. 23 168 Jan. 7
10,015 138
Drt. '20 182% Jan. 17
90 Apr. 21 95 May 17
lOSlo'SMJ 101% F..I1. 23 r29%Juu«
'2.425 118=4 Oil. 12 140
May 26
41,503 117
Feb. 23 136 Jan. 19
2,750 131% Fell, '.-il 147% Jan. 17
4,483 I'JO Feb. 211 148% May 81
570 40 Jan. 4 88 May 88
10,110 .S6>4Ang.88 51 Jan. 32
8,446 91
P«b. 25 109% Jan. 24
12,700 41 % Feb. I 88% June 32
915 81
Feb. 23 101=4 May '23
20 127% Jan. 29 142 May 111
10,740 18=4 Ang. '211 .32', May 211
80 May 12 77 May 24
81,000 107 Jan. 4 131
Mar. 9
83,313 78% Oct. 12 113% June 7
60 78% Apr. 8 88 June 14
16,716
13 Scpt.22
Aug. 4
2,700 26 Ool. :i
Aug.
100 163 Nov. 17
Aug.
3,800 44=4 Jan. 4
.Sept.
4,830 94 Feb. 26
Kept. 17
197 Jan. 8
May 23
3,330 63 Feb. 2t:
June 18
9,670 124 J.in. 4 146% May 21
16,587
38% Aug.lH 57 % May 19
1,381
14 Jan. in 30% June 2
12 41
Jan. 4 56 Jan. 27
1,400 38% Jan. 4 63=4 June
148,050 117 Oct. 12 133=4 Jan. 20
420 44 June 4 63 June30
18% Jan. 26 38 Feb. 21
43 Juno 22 48 June 23
10.380 79 Feb. 23 110% May Ix
2,s50 50 Oct. 27 117% Junell
17,445
15% Aug. 9 39'-j Nov. 1»
432 18 Oia. 10 50% May 26
100
Jan. 4 24 May 8
100
8 Jan. 7 16 Hay 3
19,500 41
Feb. 18 93 June 13
10,230 77=4 Sept. 6 128 Feb. 14
48,070 88 Oct. 6 1'26% Jan. 20
4,800 43 Mar. 22 64'aJnne 2
100 39 Nov. 6 59 May 2"
1,800 23 Nov.l; 30 Nov. 18
200 70 Nov. 15 70% Nov. I!30,641
36% Oct. C. 54 May 21
23,330 80 Jan. 2S 114%Juuel4
3,632
18% Fob. 26 .39=4 June 23
477 118 Fob. 23 131 June 3
10.800 63 Jan. 8 102 Mar. 21
50,650 135% Oct. 19 153 Jan. 3
2,022 08 Aug. 23 130% Feb. 16
177,204 41% July 26 .52% Jan. 15
13,208 80% July 27 93 Jan. 10
31 164% Mar. "23 190 June 13
10,000 27% Ailg.2'2 43% Feb. 2
4.800 23% July 14 20% Nov. 14
2j,975 53 AuK.2li 70 May 20
39,900 32=4 Jan. 13 51
Mar. 17
89,202 64% Jan. 2
88% June21
2,435 23% Jan.
37% May 21
60 Scot. «
2,200 33% Aug.
May 21
97=4 Jan. 8 1'26
3,780 18 Oct.
37%JuneIO
150 190 Oct. 17 200 Oct. •
8,520 27% Jan. 4 57% June 22
6,400 60 Feb. 2.-, 74=4 Oct. 4
55 127 Jan. 19 142 -May 1
130 Jan. 7 148 June 10
775 33 Oct. 10 .80 June23
8,025 99% Oct. '20 120% Nov. 14
1,100 25% Aug. 26 50 June 18
633 23 Apr. 1 50% June
1,300
Feb. 28 77% May 12
1.900
July 19 143=4 May 23
1,300
Mar. 24 53 Jnuel4
016
Jan. 4 81%Jiuie 3
820
Feb. 25 115%Jime29
Feb. 9 42% May 4
»Iar. 8 89% May 25
8.130 88% Jan. 7 113% .Nov. 12
7'2,219
41% Jan. 4 47% May -23
800 32 Nov. 12 73% June 14
600 20 Oct. 2',) 38 May 13
33..377 105% Feb. '23 131% July a
3.->,231
39 Feb. 23 60 JnneSO
20,309 77 Fob. 25 06% May 18
76, '283
145
97
75
Ymr
10 100
13
13
Jan. 13 49
3,634 135 Jan. 3 I'JO
104.535 44 Nov. 41 62%
1,167 :27%Oct. 21 151
3,150
1
%
Feb.
•34
'17
a%
Pnh.
Oct.
Jan.
Jan.
Feb.
Jan.
Mar
30 Oct
71% July
l:<
Apr. 7
reb. 26
30
61
•33% 38
•02" bs"
22=4
89=4
iO'.li4
•40
170
6 181
Jan.
46
87
69
18
800
109
62
•33%
•22
pref
40=4
64%
170 172%
171% 170 170% 170 170
47% 45% 46=, 44% 43=,. 45% 45=4
131% 131% 131% 131=8
131 131% 131%
1% 1%
1% 1%
1% 1
'86%'87% 88% 87
86% 87% 88% 87%
•2%
Mining
25
200
87
67 %
66%
137% 137% 138% 138% 134
109% 110% 109% 109% 109% 110
•S3
•18
A
*
42
.
•33
Mar>lan.| Coal
Ontario Mlver Mining
«iiv.
32=,
25=4
60=4
171 Hi 172
170
45=4 47'^
48%
Litt,
_ .>flnlng
Marliius.i Laiiil
Mining
Qalckrillver
75
00
50% 60%
52
Iron
.,ii
Ucn
Ceii:
44
44
120 H, 117Hill9
31
31
31
36
59
56
66
1:9
81
81
56
90 Hi
4214
67=4
il.'i
•'
47
93 H
178
I'Jj
143
•145 148
'145
143 148
xl40 147
149
07%
93
1)6% 97%
98
96% 98
90
74
72 Hi 72 "-J •72% 73%
73% 73% •73%....
134
134 136
134 137
184% 134% 134% 137
American
Uultcil states
Wells. Fargo A
78
07
03
63
»4
139=4
110=k
Hi
4H
Adams
>
67=4
103=4 108=4
110
Paciilc .Mall
Cam<-
67=4
28%
26
193
42
..
Pullman Palace Car
Sutro Tunnel
\
West. Union Tel., ex.certlfloates
EX.pa.Eati.
'
4 2 Hi
pref
l'.icillc
C'(»AL
•
0*ln"
119
31
40
pref. . ..
lat pref.
Do
42
1-;
&
ct
27
42=8' 43 'i^ "il2>i'43is
87% 88
08
88
136 13,SHi 137 "a 138
'
lten8>.t^!aor
.Saratoga
Klcb.>t Aile^li., storh trust Ctfs.
Rocbestt-r
•23
pr«jf
Panama. Trust
lllL-liiiioii.i it
72
57% 69%
41% 42%
104% 106
38% 38% 37=4 38%
126% 128% 126 126
38 't
38
29
70
43
107
04% 05%
•70
lasi
Illghaat.
90% Oct.
.'100
400
200
90
OS",
94% 06 H.
95 », 98 Hi 04
08 >,
28'\ 29
28<.j 28 Hi
40",
40>,j 40I.J
41
40
40V,
30
31
29
31
20% 30 >4
131", 134:4 136 Hi •184 >s 138
134
i:m=4
140
140
1417, 141
14134 142
142 Hi 139 142 >4
9SHi
9.V\
•28 Hi
•40 14
•30
9.1',
109 110^ 108'4 109-%
123
128>4l23Si 123
Si
128>«12l)
143H<
Northwestern
Do
Chloago K«ok
ITarleui
ll-msn-ii
03 Hi
L0WM4.
190
eo
•80^
83
O'siiiM'
HharM.
.
64Hi 84Si
1,
WMk,
Mimii'sota
I'lilli .v
Chicago
Nor
'a-lYA
N. Y. Alr.Llno
.t
1111
Ci'ilnr
'139 <«
BalMOf Baax* aiBM Jan.
the
WiMlnoMlay. ThnnHlar.
Nov. 10.
Nor. 17.
1.
3
Oct. 15
16% July 15
l',Jan. 6
S4 Jan.
4
20 Oct. 8
33% Jan. 10
12% Sept. 7
63 Jan. 6
Jan.
Oct 18 106%
June 18
June
7
Jan. 15
29% Jan.
4
Feb.
7
8%
in
Nov. 13
Apr. 82
May 27
38% J lino 10
21% July 7
9
33
73% J Illy
7
Aug. 6 27 Fob. 17
Apr. 87 45=4 May 38
7 Feb. 14 -a". •«%
l"4Nov.
6%Hept.l7 14 Jan. 3 11% 86%
86%
7 Jan. 8
%Nov.
86
35 Oct. 6 35% Feb. 9 20
8% Nov. 18 13', Oct. 39
81
85
8% Jan.
1% Fob.
11
7
88
4
Apr. 13
Apr. I3I
THE CHRONICLE.
556
XXXIII.
[Vol.
QUOTATIONS OF STATE AND RAILROAD BONDS AND MISCELLANEOUS SECURITIES.
STATE BONDS.
AlabamaA, 3 to 5, 1906...
A, 2 to .1, small...
B, 6s, 1906
C, 48. 1906
10.20s, 1900
Class
Class
Class
Class
6s.
Missouri
99=4
82
107
35
33
40
32
lumlert, 18991900..
7s, L. Hock <fe Ft. S. i»8.
7s, Memp. * L.Rock
78, I,. R.P. B.&K.O.KR
7a, Miss. O. <fe II. B.
78, Arkansas Cent.
KR
BK
RB
Connecticut— 63, 1883-4.,
Oeorcia— 6s, 1 886
78, new, 1886
7b, cnilorsod, 1886
7s, ^o\a, 1890
IjOiiiHiaua
7s, cnnsol.,
78,
Funding. 1894-'95
Hanntbal <fe St. Jo.,
Do
do
23
New York—
68,
68,
Gs,
68,
03,
68,
j
llUa
iimi
il20
69
68=1
1914
65
small
104
IIOI2 112
112
111
.
WqI
117
103
68,
341-.!
!
115
'S«. 109
'87.
gold, reg., 1887
gold, coup., 1887 ....
loan, 1883
loan, 1891
loan, 1892
loan, 1893
1st, guar. (S64),7s,'94
(360), 78, 1898..
2d, giwr. (188), 7s, '98.
-.-...
Ohio So.— 1st M.,
108
110
112
113
}109'-i'll3
tll4
101
92
83
10411!
93%
10
llOia
iooU
Det.M.A T.— 161,78,1906
Lake Shore— Div. bonds 123
137
122
Consol., coup., lat., 78 4130
C^onsol., reg., 1st, 7s.
123
(L'onsol., coup., 2d, 78
Consul., reg., 2d, 7s ...
NashvilleLonisville.
Consul., 7s. 1898
2d mort., 7s, gold, 1883.
Cecilian Ur'cTi— 7a, 1907 :o9
123%
N.O.AMob.-l8t,6s,1930
E. H. A N.— Ist, 6s, 1919
Gen'l mort., 6s, 1930.
Pens,acola Div— 0s,1920
N.Y. A M.B'h-lst,78,'97 4103
Marietta A Cin.— Ist, 7s.. tll9
107 14 ,108
107%
101 "s 102
(130
ios'
126
120
tll6%
103 'b 104
110
68,
llOOi-j
108
114
1141a
10:
'O31.J
01 "a
3-63, cla.ssC, 19l>6
3-68, class B, 1906....
O
1st, 6s, Peirce C.
Equipment, 73, 1893So. Pacitic of Mo.— 1 at 111
A
104
Tex. A Pac— l.st,6.s, 1903 4100
Consol., 63, 1905
4102
Pa. Co's guar.
77
91 '(
1'24
liegisterod, 1921
PittslFtuW.A Ch.— 1st ni 139
2d mort., 7s, 1912
133
3d mort. 7s, 1912
Clev.APittsb.— Cons., s.f {127
4tli mort., 68, 1892.... 4114
Col. Ch.A I.e.- 1st, cons 123
2d con., 7a, 1909
1st, I'r't C^o. ctfs., ass'd 115
9912
1st c
2d, Tr't Co. ctfa., ass'd
l8t,Tr't Co.ctfa.,8nppl.
iid
pref.debeu.
debentures
debentures
4th pref. debentures
pref.
i>ref.
N.O. M.A Tex.— Deb.scrtp
Ohio Cent.— Income, 1920
Ohio So.— 2d Inc., 08,1921
Ogdensli. A L.C.— lnc.1920
Peoria Ii. A Ev.— Incomes
i09^
iioi4
110
couv. '92
127%
lat
Ist
let
lat
119
125
140
119
A
new stock
E.
A
mort., 78, 1891
117
mort., ext., 78, 1891
114
mort., coup., 78, '94 tll4
mort., reg., 7s, '94.. *117
let. Pa. Div.,'cn.,78,1917
Beg., 7e, 1917
Alb. <fe Susq.- Ist m.,78
120
128 --a
Ex-laud grant
Stock
115
1898
97
Roch.A Pitt.-lat.6s,1921 102
Rich.AAU'g.— lst,7s,1920 103
1st.
98
Rich.ADanv.— Cons.g.,6a.
102», 103
Scioto Val.— Ist, eons., "a
108
llO't 117
107 "a 109
114
112
;o2:.2
100
112%
Kansas A Neb.— Istmort
2d mort
Long Island- 1st mort..
2d mort
Midland of N.J.— l8t,newIncome, "A"
Income, "B"
N.Y.AG'nw'dLl— ist,78,n
2d mort
St. Joseph A
2d mort
St. Jos.
Tex.
A
Pac— l8t m
105
134
114H! 115
lll»a|lllia
l)onv.8o.P.&Pac.-l8t,78 103% 104
l;.T.Va.&(ia.— Ist cons. 5s t88
Brtc— 1st mort., extended. 126
2dniort.,ext'd 5s, 1919.1 106
3d mort., 7s, 1883
105V, 105 Ij
4th moH..ett'd.5s. IQgnl 107
,
I
St.
L.— Ist, 6s,1910
ibs' 106 ".J
91 >2 9:^
St.L.AltonAT.H.— Istm. tll4
-
1
C—
1
t
>a
52
45la
76
75
40% 30
93
88
00
35
100
89%
83
40
35
I's
43
2>a
52
101% 103%
110
102
13
80
30
112
110
91
13
20
50
14
105
18
85
33
115
93
14%
9%
27
55
18
88% 90
A West'n- Stock
,
Bens.
54
50
45
8
t'.'.'.'.'.'.
128>3
82
85
7»
07% 98
72
73
63
64
62
64
53' 92
70
Galv.H.A Hon.— 7s, g., '71
83% 87
Gr. Bapid3 A Ind.— Ist, 7s 115
110
1st mort., 78, guar
i-j
Ist m., consol., guar., 78 n24a8
Del.*H.C.— l8tm.?78,1884 107 108 Ij
90%
62%
(Urolcer's Quotations.)
Boat. Har.
Chic A Can.So.— 1st, g.,7s
-
120
76 Vi
76'a
490
Itfisccllaucons List.
Chic,
Istmort., 6.S, 19'20...
Des M.A Ft. Dodge— l8t,6s
St.L.V.AT.H.— lst.g.,7s 4115
10414 St. Louis A I. Mount.— Ist
105
2d mort,, 78, 1897
91
Arkansas Ilr.— Istmort
106 -J
Cairo A Fulton— Istm..
Cairo.\rk. A T.— l.st ni.
Gen. cr'yAl.g., 53,1931..
1st, 7s, pret.. int. accum.
2d, Oa, int. acc'mulative
Cin. Ind. St. L.
2d m.. guar., 7s, 1898
Pit.s.B'd.&B.— lst,6s,1911
100'.;
55 Hi
Hi
91»8
126
Rome tV.AOg.— Con.,
2d
3d
St'gI.AB'y~Ser.B.,ino.'94
Plain Income 63, 1896
931a sterling Mtn. B'ylnc.,'93
St.L.A.AT.U.-Div. b'nda
103
Tol.Del.A B.-Inc..6a,1910
104 "a
Davton Div.— 6s, 1910
107=8 Tox.ASt.L.— L.g.,inc.l920
I'd gr., re
BR—
78,
Mob.A O.— 1st
N.Y.LakeE.AW.— Inc.OsN.Y.P.AO.— lstincac.5-7
99 "a! 100
3tl mortgage, 7s, 1900,
Pacitic of Mo.— 1st, Os .
2d mort., 7s, 1891
St. L.A S.F.— 2d, 6a, cl. A
41-23
M un.— Inc.7s, '99
& W.— Incomes.
Laf.Bl. A
Mil. L. S.
I0913IIIO
Evansv. Div.— Inc., 1920
103>4 103% Roch. A Pitts.- Inc., 1921
113
St. Louis I. Mt. A So.—
l.st,RioO.Div., 68,1930
110
103
100 la
105 Is
114
125
126
10S>
112%
Pac— 1st consol., 6s
10.-.
80
75 14
.
A Gt. North.— 2d Inc.
2d assented, 6s, 1 909
Loeis Lohigli A W.B.Coal- 1888
Lake E. AW.— Inc. 7s, '99
Sand'kv Div.— Inc., 1920
111
1896
Chic.St.P.AM.-L-g.inc.6s
Chic A E. Ili.-Iiic, 1907
E.T.Va.AG.— Inc,68,1931
lnd.Bl.&We.st.— Inc.,1919
Ind sDecASpr'd- 2d InoTniat Co. certltioateB-
"
1930,
Prices nominal.
IJO
-
ti24"'
Mort. 7s, 1907...
127
8vr.l3in5.&N.Y.-lst,7s tl22
Moms & Essex— l8t m 133
2d mort., 1891
Bonds. 78,1900
nio
780f 1871-1901
118%
*
small
registered
58,
32
33
16% 20
89%
lat mort.
ibo
108
86 Si 87=8 Utah Central—
Utah Southern— lat moit, 100 110
Wia.Cent.— Ist series, now 77% 78
2d ni.nt., 68, 1899
2d mort., pref., 7s, 1894. J105 U3
44
2d series, new
4S
Mi.h.Cent.— Con.,78, 1902 122 % 122%
2d inert., income, 78, '94
106
Istmort., 88, 1882, s.f.. 4105
BcllevilloAS.IU.— Istm. 116
Equipm'nt bonds, 8s,'83
St.P.Miun.A Man.— l8t,78 110 Ill:
Southern Securities
4108 110
2d mort.. Oa, 1909
68, 1009
106
971
497
Dakota Ext.— 68, 1910
Coupon, 58, 1931
107
(BroTwr'a Quotations.)
Begistered, OS, 1931
St. P. A Dul.— lat,3s,1931
110
Tcx.Cen.— lst,s.f.,7s, 1909
STATES.
Jack. Lan.& S—Os, 1891 4
Mll.ANo.— l8t,4-5-63,1910 93
Tol. Del. A Bnr.— Main. 6s
So. Car.— Consol. 68(goort)
90
98
Mil. L.S.AW.—l8t 68.1921 103 1-2 i'oi'
Browne, con.sol
106 107
1st, Diiyt. Div., 6.8, 1910
92
901.2 93
Mo. K. A T.—Gen., coll., 68
Ist, Ter'l trust. 6s, 1910
Viiginia— Now 10-408
47
48
99"
Cons., assented, 1004-6. 107 3» 108
VV. St. L. A P.— Ocn. m., 6s
98"
BAILBOADS,
lucomo,
1911..
80
2d mort.,
Chic. Div.— .53, 1910
93 Atl. A Gulf- Conaol.7a,'97 4109 112%
*'.''
108 <3
H. A Cent. Mo.— lst,'90.
Hav. Div.— 6.8, 1910
102
Atl.A Charlotte— Ist, 7s
112% 113't
Mobile A O.— New m,, 6s.
114
Tol.P.AW.— 1st, 73,1917
117>a
Income, 68
94
95
Morgan's La.&To.x,l8t,6s
Waba.sh— Mort. 7s of '09
1081a
Stock
80
81
Nasli.Chat.& St.L— 1st, 78 tUl'^ 118
Tol. AW.-lst,ext.,78 112
113
Car. Central— Ist, Os, 1923
96
97
2d, 6a, 1901
1st,, St. L. Dlv.,7s,1889
107
117 120
Cent. Ga.— Consol. m., 7s
N. Y. Central-68, 1883
10212 102=8
2d mort., ext., 73, '93. 108 110
1'20
Stock
125
4108 110
68, 1887
Equiiim't bonds,'73, '83 :60
63
Charl'to C.AA.— ConBOl.7s 110
114
68, real estate, 1883
4102
CouBol., conv., 78,1907 4106
2d mort., 78
101%
103'
68, subscription, 1883.- 4102
Gt.West.— l8t,73, '88.
109
Stock
52
65
N. Y. C. & H.— let m..cp, 4.... 136
2dmort., 78. 1893..- 166"
ChicSt.L.A N.O.— New.">s
Ist mort., reg., 1903 ..
Q. A T.— Ist. 78, 1890. 107%
E. Tenn. Va. A Oa.— Ist, 78 tll6
118
Hurts. B.— 78,2d, 8. f.,'85 ill
iis'
Ill.&S.I.-l.st, 7.S, 1882 100
Geoi'gia Bailroad— 7b
1122
124
Canada So. — Ist, Int. gii,
99 Is 9914
Han.A Naples— 1st, 78
68
tllO 113
Harlem- iBt m., 7s, cp. 134 134 13
St. L. K.C. A N.— R.o.,7a ii'i" 112
Mempli.AChar.— Ist.cons, 112
1st mort., 78, reg., 1900 4134
Om. Div.— Istmort., 7;
114%
_
Ist, consol. Tenn. lien.
114
N. Y. EleVd— Ist, '78, 1906 tllSis
Clarinda Br.—6s, 1919
102
Miss. Central— Ist m., 78. 101
105
N.Y.Pa.AO.— Pr.rn,68,'93
No. Missouii- Ist, 7b 122 %
mort., 88
107 110
2d
N.Y.C.A N.— Gen.,68,1910
86
W68t.U. Tel.— 1900, coup. 117
N. O. A Jackson— Ist, 83. 112 114
N.Y.A NewEng.— Ist, 78.
1900, reg
4....
Certificate, 2d mort., 83. 115
118
1st m., 68, 19(55
N. W. Telegraiih-7s. 1904
Northeast., S.C— Istm., 8a 125
Nevaila Cent.—Ist m., . -. t
Spring Val. W. W.-lst, 6s 4113%
100
2d mort., 8s.
.
117
N. Pac—G.l.gr.,l8tcon.68 104
1041a Oregon BR. ANav 1st, 6s 109%ll09»< Port Boyal A Aug.— lst,6s 102
105%
Registered 88, 1921
104
J
Rich. A Dan.— 1st, cons., 68 101
IOS
INCOME
BONDS.
N. O. Pac— l8t,68,g.,19'20 4 96
Stock
117 119
Norf.AW.— G.l.ni.,08,1931 410315 104
(Interest payable
earned.)
South w. Ga.— Couv. 78, '86 1'20
Ohio A Miss.- Consol. a. f. »U9% 120a6 Ala. Cent— Inc. if6s, 1918.
.stock
t
93
Consolidated 78, 1898... t
120
Atl. A Pac.-Inc, 1910-. t.
42%' S. Carolina BR.— 1st m., 7s lioo"
2d consolidated, 78,1911 4120
Central of N. J.— 1908....
45
102% stock, assessment paid
43
lat m., Springfleld Div.
117>3
Chlc.St.L.AN.O.— 2rt,1907
1'22
12s
7s, 1902, uon-enjoiuod
Ohio Cent.— Isl, 6b, 1920
100
Col.Ch!cAl.C.-Inc.7s,'90
73 ii
75
77
Non-mort. bonds
Istm., Ter'lTr.. 6a. 1920
100
Cent. Ift.— Coup. deb.certs108
106
Western, N.
1st. 79..
1st mort., sterling
Ifetrop'lifu El.— lst,1908
tio'i
1899
107
107
107
110
Int.
Den.Div.,68,as8'd,'09 109
1st cons., 68, 1919
104% 105
Cent. Br. U. Pac.— 1st, 6s tlOO
Funded coups., 7s, '93, 100
2d mort.,
108
Ji. Div.— 1st, Os, 1921
2dmort.,38, lUSO.... t
Na«liv. A Dec— 1st, 78 tll6
8.A N.Ala.—S.f.,6s,1910
Leban'n-KnoT,— 6s,1931 100
L. Erte A W.— Ist, 68,1919 108
Sandusky Div., 68,1919 100
Laf. Bl.A M.-lst,6s,1919
128
Consol. mort., 7s, 1914-.
1885
latm..
Hi
118
-
Pac— 1st, 6s,'93
Income A
St.
109% Louisv.N.Alb.&C- lst,8s
128
Manhat.H'ch Co.— 7 8,1899, t
C St.L.iN.O..-Ten.lien,78 »ii6%
l8t,cons.,guar.7B,1906
<t Sar.— Ist, coup.
Ist mort., reg., 1921 ..
Denv. <S Bio Or.— l8t,1900
l8t, consol., 7b, 1910..
Kaus.
Pennsylvania
A
124
106
ii'
Slate Aid l>ouds,7s,'84 4103
Land grant bonds. 6s
West. Pac— Bonds, Ua 4110
104
So. Pac. of Cal.— lat, 6s
Union Pacitic—Istmort. 117
Land grants, 78, '87-9.
Sinking funds, 8s, '93
It. ^'i.st.-n-a 8s, 1893... t
IO8I4
('Dilatiral trust, 63
91
81
4 3-6s, 1900.
98
107
108
97-Ts|
107
102
Evans. Dlv., 1st, 6.s, 1920
Pac. BRs.— C.Pac.— u.,68. Ho
San Joaquin Branch.. 4108
Cal.A Oregon— 1st 111
104
1st mort.. 3-4.5-63, 1909
2d mort., 3
133
108
t'.'.'.'.'.
6s, 1921.
A Ev.— 1st. 6m
Mo.
t92
t94
Conpou gold,
Peoria Doc.
1'24
1
7s, 1885 tl08
Interest bonds, 7s, 1883
Consol. bonds, '7s, 1915
130
Kxtenslon bonds, 78, '85 t
lat mort., 78, 1885
tl09
2<imor-t., 7a,
Do
Do
Panama— S.F. sub. Os, 1897
Ind.Bl.&W.— lat,i)ref.,7s
C.& N.west.— S.f,
W.— 7s,
Funding
118 ij
At.Jew.Co.&W.— lat.Os
Utah So.— Gen., 7s. 1909
& Minn.— 1st m.
Columbia—
1924
Small bonds
Begistered
3-658,
Atch.C.&P.-l8t,6s,l'J03
&
<fc
District of
117
99
Ist, 5s, La.& Dav., 1910
l8t S. Minn.Div.,68,1 910 106=«
lstm.,H.
D., 7.H, 1910 116'iill7
Ch.* Pac. Div., Os, 1910 J108 111
St.r.&S.C.-l3t, 68,1919
11
old,
MISCEI.L.ANEOIIS SECURITIES.
i-j
1100
C. M. &St. P.-lst.88,P.D. tl32
2d m., 7 3-10, P. D., 1898 t
lStm.,78,$g.,B.D.,1902 n2i
Ist m., LaC. Div., 1893.- 118%
latm., I. & M., 1897....
latm., I. & D., 1899 .... tib'i
iBtm., C. AM., 1903.... 121
121
Consol. 7s, 1905
102
2d mort., 78, 1884
l8t, 78, 1.<S D. Ext., 1908 122
8. \V. Dlv., 1st, 6s, 1009. 107 "i
Del. L.
18,
106
73'2 74
73 Sj 74
6s, new series, 1914
73 'el
Virginia— 6s, old
36
68, new, 1866
36
68, new, 1867
36
6s, consol. bonds
116 117
6s, ei-matured coupon..
6s, consol., 2d series
6s, deferred
18
cla883
1910
tllO-a
106 'J 107
1921
Chic.A E.III.— lst,8.f.,cur.
BB
1886
Rhode Island—
68, coupon, 1803-99
.
Wise— 1st, Os,
.
1892-8
6s, new, 1892-8-1900....
68,
lndianai).D & Spr.— lst,7s 104
|130
Int.AGt.So.-lst.Os gold 106
Coupon, 63, 1909
125 "i! 126% Kent'ky Ceu.— M.,6s.l911
in-i
125 i.i
Lake Sh<)re A Mich. S.—
104
Mich. So.&N,I, s.fd. 7s no6
117
Clevo. A Tol.-Sink. Id.- 108
11434
New bonds, 7s, 1^86.. 107
113
I13'2l
Cleve. P.* Ash.-78...106
100-2!
Bnff. A Eiie-NewlHls. n'24
lefntw B.— Con.g'd.as. 110 110^4 Bull'. A State I.iue- 73..
Am. Dock ife Im.— Ass'd. 136 '-2
Kal. & W. PiacoE-lst tibo'
No.
A.&O
Do
tl03
Cod. F.
2dm.
C..St.P.&M.-.l8t.68,191S
New
1213
)
non-fiindable, 18.88. i
consol'n 6s, 1893
Brown
Ohio—
109-slllO
ii;
Ist m., con., 73, 1897
C. St. P.M.ift O.— Cons., 6s
20
1868-1898.
bonds, J.&J., '928
South Carolina—
6s, Act Mar. 23, 1869
Tennessee— 6s,
15
15
23
23
act, 1866-1 noo.
Do
.
2d mort., 7s, 1904
C.Bap.Ia.F.&N.— lst,6s 103
<iulf Col. & a. Fe.-7s, 1909
Central lowa^lst, 78, '99 ni5-'» 116
Han. & St. Jos. — 8s, conv
Choasp. <fc O.— Pur. m'y f d.
102
Consolidated 6s, 1911..
68, gold, series A, 1908.
84 >2 85=6 liouston & Texas cent.6a, gold, ser. B, int. det56
1st mort., 1. gr.. 7s
68, currency, int. def ...
Ist mort.. West. Div., 7s
Chicago & Alton— 1st m.. 119 124
104
Ist mort., Waco A N., 7s
Income 7s, 1883
2d, consol., main line, 8s
Sinkiugfund, 68, 1903..
2d, Waco & N., 88, 1915
Joliet& Chicago— 1st lu118
Gen. mort,, 63, 1921
La. & Mo.— Ist m., guar.
in.Cont.— Dub.& .S.C, Ist
2(rmort.,7s, 1900
117
Dub. A 8. C, 'id Div., 7s
St. L. J,ack.<6 Ch.— 1st ui
Sinking fund, 6s, 1929..
Sinking fund, reg
Sinking fund. 5s, 1929..
Sinking fund, reg,
Iowa Midl'nd— l.st m., 88
Galena & Chic.—Exten.
Peninsula— 1st m., conv.
Chicago A Mil.— 1st in.
Winona A St. P.- Ist m.
2d mort., 78, 1907
C. C. C* Ind's— lst,78,s. f.
Funding
ConsoL
Small
110
110
103
120
121
122
'•i
7s, 1902
ileg., gold, 7s, 1902..
3912
Do
AU'c * Pac— l8t,6s,
116
Ist, consol., fd. cp., 7sBalt.&O.— l.st, 6s, Prk.Br.
64
64 >2
2d, consol., fd. cii., 5s.
Boat. H. & E.— Ist mort..
Ev. & T. H.— Ist cons., 6s
Bnr. Ced. B.ift No.— 1st, 58 102^ 102
Fl'tcftP. Marq.- M.6.s,1921
Minn.A St. li.— lst,7s,gu 4:120
GaI.Har.<t S.Anfo— l3t,6s
Iowa C.& West —Ist, 78
1st Chic.& P.VV.,68,1921
Min'i Pt. Div., 58, 1010.
40
Cliathilm
Special tax, class 1, '98-9
Do
class 2
3thmort.,cxt., 7s, 18SS. (112%:
128
lst,cousol., gold, 7s,1920 1'26
Long Dock bonds,7s. '03 120
BuiCn.Y.&B.— lst,1916 125 ! 30
N.Y.I,.E.&W...New2d,6 104 14 103
lOlij
1910
5s,
35
Carolina— 63, old, J.&J.
38
A.&O
No. Carolina BR., J.&J. 140
140
Do A.&O
Do coup, off, J.&J.l 120
Do coup, off, A. A O, 120
il2i2
RAILROAD BONDS AND
Erie — Continued—
Railroad Bonds.
<C. B.&a.— 8p.c.,lstm.,'83
Consol mort., 78, 1003.6s, sinking fund, 1901..
C. R.I.& P.-6.8,coup.,1917
6.S, 1917, registered
Keo.&, Des M.— 1st, g.,5s|
Central of N.J.— lstm.,'90
1st consol., assented, '99
Conv., assented, 190'J
Adju.stnient. 7s, 1003...
.
68, old,
I
(Stock Exchange Prices.)
Ala. Centi-iil-lst, 68, 1918
Atoh. T. & S. Fe— 412,1920
Miss.B.Br'ge— lst,s.f. 6s
SECURITIES.
\
due 1882 or 1883..
6.S, due 1886
68, due 1887
6s, duel8SS
08, due 1889 or 1 800
Asyl'm or Univ., due '92
85 >a
108:'j'
107
N
Michigan
68, 1883
7s, 1890
80
80
Arkansas
6s,
SECURITIES.
SECURITIES.
BECTJBITIES.
And accrued intoreat.
t
No prtco Friday— Ihoae
are latest quotatlo 13
made
this week.
NoVBMtlKK
THE C^HRONICLK
10, 1881. J
New York
({noUtloBS IB Bodton, Philadelphia aad BaltlB«<e.
Local HeonritleB.
Imnritnce Mtack Llal.
Bank 8lock LlM.
an
itarkril thiu (•)
do
do
Bid. Ask.
BitLlAik.
nof .V'l/lofuu.
A Topeka
4t«li.
Par.
COMFAKIXS.
1st
Bowory
Broadwar
Batohors'
Cantrnl
A
100
100
Atlsntlc
A
as
as
Drov'rs
100
100
Cbiue
ChathHiu
its
Chniuical
100
iDOome
Cumraorce
Kxi'hiinico"
:oo
lUU
KivtT
Klerentb Ward*
as
as
Corn
Kiuit
Fulton
Unllatln
Germitn American*
KzclianRO*
Oormimla*
Greenwich*
Hanover
Imp. and Traders'.
.
Irring
blanil City*
Leather Manul'trs'.
Manhattan*
Marine
Market
M.
rrhjiDts*
Mrnhants' Exch'KO
133
Nassau*
New York
New York County..
N. Y. Nut'l Exch'ge.
Ninth
...
North America*
North mver*
Howard
100
iai
so
50
13'^
Pucltic*
r>afttyetto (Br'klyo)
Ijamar
Lenox
LonK Island (B'klyn)
90
Lorlllard
Manufac'rs'
100
100
IWH
New York
Repnnllc
Phonlx
8t. .Vlcholas
100
llelief
100
100
100
Uepubllc
Kutgers'
Standard
Tlilr.1
Tradesmen's
Union
United States
West
Side*
City
Paciao
Park
Peter Cooper
People's
lae
100
100
100
40
so
100
100
119
,.
Star
Sterling
stuyreaant
Tradesmen's
United States
Westchester
Williamsburg City.
Fort Bcott
us
155
lie
100
65
71
y>
1)0
118
80
70
118
70
130
fO
90
125
123
160
S7W
117
las
135
115
36
150
iisj
100
100
too
10.>
U5
50
as
25
1S5
95
140
1..5
76
70
195
112
2!0
220
lUO
UO
126
20
50
50
50
100
23
50
100
100
25
I9J
115
142
203
S5
70
95
lao
148
130
125
130
90
70
SO
t!u
l',i5
!00
iid
180
lL-5
10
113
200
Is
mort
VermontttMass. Kli.,<s
Vermont 4: Cana'la, new
,,lias*
,90
1«H
Its
•
8s.
.
^".^^JSJS
A Lowel.
BostonA Maine
Boston A Providence
B.'ooklyn Qas Light Co
C tliens'OasCo (Bklvn)
do
boaos...
arlem
ersey City
anbattan
23 a,ooo,ooo
ao 1,200,000
,
1,COO
100 •J,500,000 M.AS.
500 1.000,000 P.* A
100 5,000.000 Quar.
lk?elr':OOlltan
MUu»i,N.
315,000
50 1,850.000 F.ftA.
80
750,000 J.* J.
BO 4,000,000 J.AJ.
& Hoboksn...,
do
Var.
Var.
;
Cheshlrepreferred
Chic. A W. Michigan
Uln. Sandusky A Olev
bonds
i
do
bonds
Nassau, Brooklyn
do
scrip
1,000
1,000.000
1,000,000
F.*A.
as
Var.
Va-.
700,000 M.*N.
100 4,000,000 .M.ftN.
10 1.000,000 J.ttJ.
IjpOO
375,000 M.AN.
Var.
125,000 Var.
SO
466,000 F.* A.
SO 1,000,000 Quar,
1,000 1,000,000 A.ft O.
100 1,000,000 M.AN.
100 3.000,000
New 7orS
People's (Brooklyn)
Bondi
Bonds
Ctniralot Aew York
Williamsburg
do
bonds
Metropolitan, Brooklyn...
MoQlclpnl
do
bonis
Fulton Municipal
750.000
100
M.*N.
Bid.
'81 182
125
67
60
103
109
90
93
'80
7
3
7
1B9S
Feb.
'75)
July, 'Jl 155
163
5
Aug.,
213
150
105
75
213
IS3
IC9
,7
W)
Nov., '8!
sm
*° Nov.,
'81
m
104
9H
104
Jan.. '76
33
101
103
35
lOS
am
7W Aug.
"< Oct..
'nl
'81
3
'a:
1882
3),
Sept
3
8H
7
6
3
'<*!
6
1900
July,
an
'81
(Icf.. '81
5
6
145
101
104
«S
'2
7
105
65
I
I
[quolatlana by H. L. Obant, Broker,
65
92
70
70
17J
i8bS
I....
ll.5.)U.O0OI
ra
1897
103
1900 Ac 90
July. '80 CO
.Hj Oct'..t '81
I
utmortgage
900,000
694,000
2.100,000
J.*
J.*
J.
J.
Q-J.
J.AO.
1,000 l,5O0/)0O
10 2,000,000 <J-F.
1,000
300,000 M.«N.
100
.
200,000 Q-J.
100
400,000 A.ftO.
1,000
300,000 J.A J.
Bushvrlek Av. (B'klyn>— Stock.
100
300,000 J.* J.
Central I'k. ."<. A K. Klv.— Stock
100 t. 800,000 Q-J.
Consolidated mort. bonds
1,000 1,200,000 J. AD.
Christopher A Tenth St.—Stock
100
6.t0,000 F.AA.
Bonds
1,000
'^30,000 J.
J.
Brooklyn City— Stock
let mortgage
Broadway (Brooklyn)— Stock
Brooklyn Crosstown.—St'k
1st niortKUjie bonds
I
110
70
Dry Dock E.B.& Batt'ry— Stock
mortgage, consolidated
Eighth Avenue— Stock
1st
Ist mortgage
St. ,t Grand St.
«ad
..
Ferry— St'k
mortgage
lat
Central Croes
Town— Stock
....
Utmortgage
Houst.WestSt.APav.F'y- St'k
mortgage
Second Avenue— stock
8d mortgage
Ist
mcrtirtyt*.,
100
600,000
200,000 iiiikN.
250,000
500,000 jVa j!
,199,600
150,000
,030,000
COOAc
Avenue— stock
..
J.AJ.
A.AO.
U.AN.
M.AS.
M.AN.
J.AJ.
Q-F.
J.AJ.
200,000
750,000
500,000
100 a.ooofioo
1,000 2,000,000
600,000' F. AA
100
1.000
260.000 M.* N.
100
1,(M0
1st
_ t«t
100
1,000
1,000
1,000
Kztension
mortgage
Third Avenue— Slock
1st mortgage
Twenty-third Street—8to*.
Q-F.
SOOAc
900,000 J. AD.
100 1.000,000 Q-J.
1,000
203,000 J.AJ.
100
748,000 M.AN.
1,000
236,000 A.AO.
100 l.'^OO.OOO
600
100
Consol. convertible
Sixth
*
* This ooiamo shews last dirliUna on
stocAs,
July. 'n\
2.Sii
28
J'ly,l«00llS
a
Oct., 'PI 130
7 iJune •(« 103S<
8H Nov., '811 198
Nov.,'»)|102
7
3 Oct.. '81 150
oct..,'srioo
1888
102X
July, '81 110
115
1
as
lOB
no
160
i(»
I>ec.l»02|I13
Aug.,
92
'81
llW
ISO
lao
97X
'lOO
110
Nov., 81 220
June, '93 114
Oct., '81 183
Jan., '81 100
Nov., '81 200
Apr., '93 110
60
Nev.itKM 103
60
830
Inly.
103
i'lO
July,
^pr.,
125
1C3
130
108
Sept. ."83 183
iio
128
270
llo
Oct.,
Oct. -81 aes
July. '40 no
Nov
118
ii'o
810
115
70
110
120
lao
.'61 190
July, '90
no
iis
Aug
150
155
M«v
.-SI
•«« Ifvs
bat the daM of matorlty
oOonU
Ij
'^'^
-'
CANAL BONDS.
Obes.
aaM
A
3S
as
-vj
'•'
—
—
-
Morris, boat loan, reg.,
IIOM
lib
»i
1C6«....
....
Del.. 1st m., le, 19S«
Lehigh Navlga. m.^s, reg.,'84
do mort. RR., rg .'97
do mort. gold,'*?
88^
do cons. m. 7s, rg., 191:
116
118
....
....
no>sii«)K
1885.
101
Pennsylvania 6s, co:ip.,:*10..
Sctanylfc. Nay.lst m.u.rg.,'>7.
do
2d m. 6s. reg., 1307
pref
Catawlssa
pref
do
new pref
do
Delaware A Bound Brook....
BAEiTl.tlURB.
Uarviand
do
do
do
East Penasylvanla
KlmiraA WlUianisport
pref..
<s,
6s,
defense, J.A
exempt.
A Lancaster.
A Broad Top...
5s, quarterly
6e, ISSI. quarterly. 104
do
do
do
do
do
do
do
do
do pref
:
!
i
—
103)4 Ida
J...
1887
6s,i89u,quarterly.. .--.
Baltimore
Bar. P.Mt. Joy
1
J.AJ
68,;8S«,
6s, 1890, quarterly...
6a,park,1S90,Q.-M.
6s,
1893,M.A8
1
Ill
110
-'
HO
6s,cxempt,'M.M.AS.
68, 1900,
ts.l90i,
Q-J
ISO
J.AJ
.-..
l«a
»s,19i6,new
188
Norfolk water, Ss
BAILBOAD STOCKS. Par.
,
—
Balt.AUhlo
100 »0
do
Istprtf.
ISO
ad pref
I»
do
Wash.
Branch.
do
100
Parkersb'g Br. .SO
8
do
I
Philadelphia A Erie....
Pnlladelphla A Reading
Philadelphia A Trenton,
Phlla.WUmlng. A Baltimore.
St. Paul A Duluth K.K. Com
Northern Central
Western Maryland
Central Ohio
do pref.
do
United N. J. Companies
PlttsDurg
87
I*,'in..
10«W
•"
Camden AAmbav ts.coup,'-"
6a. c 1
mort. 6s. 'S9. .
1st m. '•. g.,19M
Cam. A AU.
do Jdm. cur. Is, leT
Cam. A Bnrtlnitnn Co. «.'»?.
A
Bait.
.S.
90
50
!0
A Ohio 6s,
PltUb.A Canneflsv.-iS/IMA.''
Northern Central Is, IS, JAJ
do
••, IMO, A.AO.
do ••,gl<i,l«)O.J.*J.
Ceo. Ohio 6a, Ist m.,10,MUk 8.
108H
lUH
100
lis
W. Md. *s, 1st m..gr.,'«0,J.AJ.
do 1st m., 1890, J. A J... 110
do adm.,gnar., J.A J
\ia
do 3d m.,pref
do 2dm.jtr.by W.(;o.JAJ :ia
do
Mar.
6s.
A
9du., guar., J.A J. lao
Cln.
do
do
;s,
lid,
"n, F.
AA
M.AN
...
Ho
123),
's»
Si,8d,J.AJ
J.,
C-Dton endorsed.
do
Consolidated Gaa
I
17
«7
le
BOIfI>S.
ig85,A.AO.
W. Va. 3d m.j(Uar.,'8SJAJ
JnlonKB. lst,guar.,J.A
Per slurs
9
»t
SIM
connellsTllle..90
ZAILaOAP
.
OAMAL STOCKS.
*en «7
Lehigh Navigation
Peansylvanla
aohOTlklll Narlgatlon
13
pref..
do
BAILBaAD BOND*.
Allegheny Val..7S-10a,18W...
4*
7a, E.ext.,l»10
lnc.7s, end.,'M. SO
do
BelTldereDela. ist m.,<s,19(B. laO
m.li.'t>..':00
do
t
"
:-.v
1907
W..latm.,5s.''Ji.
Sonb. Uaz.A
do
•••
7s. reg..l»i'<
,
Allegheny Valley.....
BuBalo Pitts. A Western....
pref.
do
In default.
do
^
BAILROAD STOCKS.J
'
71X
deb.7s.K''
West Chester cons. 78, '91
West Jersey <s, deb.,coap.,')s
do
lstm.6s, cp.,
do
tstni.7s,'N
do
cons. 8a,tW)) ....
W.JerseyA Atl.lstm.ls, cp. jgg
Western Penn. KB. (a/m.tj.
do
«a F.B..-M. ibs
Phlladelpnia, D8 reg
do 6s,n.,rg., prtorto'95
do 4B, various
do
do
7s, R.
7s. coup.oB,
syra.Gen.A Corn',r,ut,ls.l«UG|
Texas A Pac. Ist m.,(a,g..19QS,
do
Rio Grande D, v.. I, ix,,
do
cons. m..«»,g.,1905"*'>*
do
tnc.AI.gr., 7s 1915
Onion A Tilusv. 1st m. 7s, "90. 1U3
United N.J. cons. m.es.**!..
ii'i
.Warren A F. 1st m. 7s, '96
BTATB AND CITT BONDS.
Penna. 58, g'd, lnt.,reg. or cp
do 58, reg., 158'M892
do 5s,new,reg.,189a-lWi
do 68,10-15, reg.,U77'8-i
do «B, 15-23, reg.,\S8'i-'»2
do 4i, reg.. ISSJ-lJOl
M
Mm.
JV
•'
I
C, !««•••
«••••
conv.
2dm.«s. 19W..I
SunbnryA Erie Ist m. 7s, 'n..
pref
do
i:
""
I
atonyCreekist m.7s
Portland Saco A Portsmoath
Pullman Palace Car
Bntland, preferred
Kevere Beach A Lynn
West Cheater conaol. pref..
WestJersey
West Jersey A Atlantic
ISifi
•
!£5
'*8
]"^
d -b. ourj, 1»93'
do c. up. off, lt»J.
icrip,
Rich. A Danv.coni.lut.«.<.19 5
Sliamokln V.A Pottsv. 7>, 1901
Stenbenv. A Ind. 1st, >a, 1884.
.
l'^"i
is
In. m..7s.coap.,'^96.|
do
.
Norfolk A Western, pref
com
do
do
North Pennsylvania ...
Pennsylvania
Imp.m..6i,g„ r, 18»:
gen. m. 6.. g..C.lfOi
i
,
Northern of N. Hampshire...
Nesduehoning Valley
Norrlstown
con».m.6^4[.lUl;19ll
do
do
do
do
CO
do
00
do
Pblla.Wllm.ABsIt.6s.'84....'
Norwich A Worcester
A L. Champlaln
pref
do
Old Colony
Huntingdon
do
<?o
Pltta.cln.ASt. L.7s,con..l9or'
NahsuaA Lov/ell
Sew York A New England...
do
'••••
Iflo' •••
Sd m.. 7s, cp..53. ,•.::
cons. m..7s,cp., 1911
do
deb. 7b. cps.oS eo
•••
do mort., 78, iSti-i
.
do
MO
do
_
Pbll.AIt.CoalAlr'n
Little Schuylkill
7
'til
I.-
pref
do
'
Ptall.AK. tstm.(s.ex.daei»iO,'-"
FUntAPero Marq
Ogdensb.
W
,
'
III;
.
Fori Scott A Gulf, pref
do
common
Iowa Falls A Sioux Clly....
Uttie Kock A Fort Smith
Manchester A Lawrence....
Mar. Hough. & Ont
Mar. Hoagh.A Oat., pref...
ao
ta.
cona.mort.ts.^no
po
do
5«.'WU;-"
Phlla. Newt'n A h.y.. isim.'-
I
Eastern (New llampsbhre)
FItchburg
Camden A Atlantic
—
ft, rg.,iiiio.il21!« ....
do
Connecticut River
Conn. A Pas^umpslc
onootton Valley
do
gen.m.
coos. m.l',rg., 1905 '"
cons. m.Ks.cp.. 1905.'
:xi
1.0
3i
Peon. Co ,«», reg
I
do
do
f4%....
to
do
CO p , '.9
Perklomen lstm.>s,n>an.,'9,'
Phll.Wilm Alia t .Is.Tr.certu
PhIla.AKne:dui.7s.co.,'¥l '•"
•
Lehigh Valley...
Bro.idway.]
')cl.,
do
do
do
do
do
do
do
lilnehlU
BleeckerSt.AFuIt.Forry— St'k
100
Istmortgage
1,000
Broadway A Seventh at.—Bt'k
100
.
Concord
do
Nov.,
Aug.,
5
I
Boston
PIIII.ADEI.PHIA.
Date.
I
.
I.
8T00KD.
A Topeka
Wlecon^ln Central
I
I
I
Vermont A Massachusetts,
Worcester A Nashua
Gasaad CUT Railroad Stocks and Bonds.
Par. Amount. Period
,
11(0
Gi.'.it
Atchison
[Gas (jnotatloni oy ueorge H. Prentiss, Broker, 17 Wsll street. ]
Gas Companiks.
'
„
*<»
TItusT.A H..7i,c|..,'«
do
Bcrlp
Fa.A N.Y.C. A UK. 7»;i'«M
do
IISA
Pennsylv. Jtea. m. «s, cp.. Hiff- ja
t^ttsb.
•-.
Basteri; (Mass.)
95
f5
SO
Old Colony, 7s
Old Colony, 8s
I'usblo ,1: Ark. Valley,
210
80
SO
110
60
lac
(.'0
liutlaaJ
U8
-
..
—
.
83
8o. 4«...!-
.
70
143
,110
I
A
A
..
Mexican Ceotral, 7i
.\ew York A NewEng.d... ...
do
is...'"
.*;ow Mexico A So. Fao. U...
'.tgueniburg A Lake Cb.6»
137
ISO
100
Quif 7s
^artrord* Krla7s
K. Cltv l.awrence
m
KO
no
*
.
..
I
Kaii.<;llv. Ht. Jo.AC. H. :s. .|I19
Little Kit
Ft. Smith, 7s,l>l,
291
so
25
25
7s
.90
80
as
BO
50
60
50
50
North Ktver
as
ao
so
100
New York
ISO
100
Niagara.
People's*
Siith
State of
so
so
d»
...
do tl m. 7s,rcK., isio
do coo. m., ««,rg,.t»^
do
do
»s," p.,i».3 ....
i!tS
Little Hchnylklll, l«t m. '•.'.'.i
•
N. O. Psc, lit m..««. IIW
Horth.PenD.lstm.ts, cp.'H.i. 108
do
3d ra. U.cp.. ••«.!•„
do gen. m.7s,cp., iwn. '•
do gen. m.7s,rcg.. IMT
do new loan 'S,re{
107
on Creek 1st io.7s,cunp.,'8.'.
.
163
V4i
146
103
150
IJO
Build
National
.\ew York Kqultable
New York Fire
New York & Boston.
100
130
100
Seventh Ward.. ..
Second
Shoe and Leather.
&
Manhattan
Meoh. A Traders'...
Park
Fheniz
Produce*
too
IS
a;o
60
125
Mechanics' (B'klyn)
Mercantile
Merchants'
Montauk (Brooklyn)
Nassau (Brooklyn).
100
•
i!i3
lao
BO
100
30
ao
40
50
100
as
s«
as
100
A Tr'd'rs
Kings County (Bkn.)
Knickerbocker
M
as
'.DC
IfO
too
50
Importers'
Irvuur
Jefferson
133
ISO
eo
—
—
.
II
,
,...l....
.
I
Home
135
a IS
i:s
lOR
lis
i«)
so
as
Hamilton
Hanover
as
70
30
as
90
Oriental*
17
10
100
100
BO
lat)
fi«,perp.... ...
EasDn A Am:>oy, 5«
Harrisburg Islmnr* ««. ti..
'
Ncbr.is
Chicago Hurl. A Qulncy4i...
..
•jKU. A fasBumpitc, 7k, IWi.
C^nnoti>n Val cy. 7s
.. ,'..
-vasiora, Mass., 4^a, new. ...I
...
i'itchbnrgKR.,<s
100
114
U.AH.T.lst m.-!' r '^ •— ...
o
com.
80
»0H
IthaeaA Athena i~
...
..
|Jaoctlon l«tinor!
..
[...,
do
Jd mort. Ss.i'^v ... •• '. .,
Lshlfh Valley, Ist.>s,cp.. \<m !<««( UM
do
doreg..lwt... 12lH ....
i
100
iiV
do
I
lurl.AMo., land grant 7s.... Il9)i
do
Nehr.M
ei.lU)* :ia
Ho
Nebr.ta
250
410
181
90
80
ro
187
do
.
.
.
.luston
ifts
a..o
40
100
KmplreClty
Kxonanse
llolTknan
SO
60
lOO
100
100
100
•0
Ulobo
Ureanwich
100
Murray UlU*
13^
SI
100
CuardUn
100
100
100
100
lU
100
im
so
100
German- American
Oenuaniu
100
ICO
iS
MtslrcpoILs*
Metro(n.lit;in
Mt)unt .Morris*
170
'au
Karragvl
Firemen's
Firemen's Trust...
Franklin .t ICinp ..
100
100
M**!''KnlUe
IBS
Katile
SO
Mechanics'
Mechanics' Assoc'n.
Mechanics' & Tr'drs'
ao
70
t>*ntlnental
ISCM
3»
su
7»
,
German
asd
100
100
100
100
Fifth
nrtbATenue*
Ffrst
Jfoarth
Wt
«(»
•IT
City
100
100
City
Continental
1H»
Urookljrn
7s
« Albany 7s
do
It
:ioston A Lowell 7s
do
M ..
»oston A FroTldenee 7s
IIS
aio
CltUena'
ciintoD
Columbia.
Comroerolal
as
Cltlieiis'
an
an
«
Chartlars Val.. Ist in.7a.C..tMr.
Delaware mort.. Us, varloM.
I>sl. A Hound llr.,lst.7s,im
East Peon, lat rao't. It. "M
iBI.A W'insport, Ist m.,7s,*M
WM
raclfl'.ls
o
Uoston A Maine
loo"
ISO
I04
lOl)
«o
aew7s (•H)
CoBvsctInt la. IKD-IUM
m.7t
land grant7l
land Inc. Ik
'
80
Amertoao
Amerloan Kzobange
Bowery
Uroadwaf
lOU
Amorli'u*
Am. Kxchnnae
iiou ai Tisa.
OsUwlaealst,'s,eoar.,'«..
do
chat. m. ,10s.
BOSTON.
PnicB.
Par.
Bid
•wnniiTiss.
[Quotations by B. H. BAii.Er. Broker,
No. 7 Pine street.]
Puo.
COMrANIU.
657
hnnt%»_,
,^.
•
THE (JHRONICLE.
558
—
Railroad Earnings. The latest railroad earnings and the
from Jan. 1 to latest dates are given below. The statement includes the gross earnings of all railroads from which
returns can be obtained.
The columns under the heading
"Jan.l to latest date" furnish the gross earnings from Jan.
1 to, and including, the period mentioned in the second
totals
column:
.
Latest earnings reported
.
.
1
5 per cent basis in 1881
incluaiUK leased lines.
;
6 per cent in 1880.
»
lucludinf? Ohio Division.
y. S. Snb-Treasnrjr.— The foUowing table shows the receipts
at the Sub-Treasury in this city, as well as the
alances in the same, for each day of the past week:
Balances.
$
ov. 12.. •1.810,332 44
"
14.. 1,997,665 73
"
15.. •2,108.015 80
"
16..
737,152 79
"
17..
951,773 65
"
13.. 1,287,036 49
Total
8,895,008 90
Payments.
$
723,576
1,051,791
1,829,292
533,392
726.937
709,507
Currency.
Coin.
14
41
01
90
63
46
$
80,454,186
81,474,844
81,810,172
82,116,481
82.330,040
82,837,889
33
06
97
86
64
49
$
4,608.728
4,530,944
4,444,339
4.371.790
4,386,068
4,455,778
33
92
80
80
04
22
5,577,497 55
Inoiudos $1,000,000 gold reoeivei from Philadelphia Mint.
Coins.—The following are quotations in gold for various
$4 83 ®$t 80
Silver 14? and "as. — 99!lia
g)vere!.?na
3 83 ® 3 80
Kelclimarks. 4 73 ® 4 76
JGuilders
3 93 a 3 97
Span'hDoabloona.15 57 -alo 70
Mex. Doubloons.. 15 56 aiS 60
*me silver b.ars .. 1 1213a 1 11
Kae gold bars .... par a 14 pram.
vimes & ij dimes,
99%a par
Nanojsons
iX
—
coins:
par.
— 92 a — 95
Mexican dollars.. — S-is* — 89^4
Do uncoramero'l. — 87 ® — 88>2
nglish silver
4 70 ® 4 80
Hrus. silv. thaler.*. — 6713a — 69%
U. S. trade dollars — 9J38® — 99»8
U. 3. silverdollars — gj'a* par.
Five
I-
franc.'!
Loans
arul
Tenders.
2,000,000
2,050,000
8,000,000
8,000,000
1,800,000
3,000,000
1,000,000
1 000 000
1,000,000
Manhattan Co...
Merchants
Mechanics'
Union
Phcentx
City
Tradesmen's
Fulton
Chemical
Merch'nts' Exch
Qallatin Nation',
Commerce
Broadway
Mercantile
7.H11.!100
7.063.00C
7.22:1.000
6,Oi)6.O00
B.48 1.100
3.201.000
7.882. 4D0
S.246.900
Republic
Chatham
People's
3.3 il
371.300
3.319,30(1
Won.
S.
4^.7,600
8,5-^9.800
1.013.200
791,10(1
1,386,300
419,800
544.600
373.000
167.800
S68.eoO
164.200
167.900
344,000
891.808
800,006
76.6(>0
8'),70fl
211,000
938,900
220,600
3,031,300
8,338,600
3.398,000
4,36».8oc
180.000
663.400
616.300
2,744,000
411.000
806,600
680.000
361,600
742,000
168,000
3.799.800
6.083.600
2.539,800
8.888,600
3.897.900
1.688.800
2.608,000
7.135.600
180.00(J
6.aH8,BO0
5.940,200
5.831,700
8.181.6(k;
1.187,6311
1.67-2.100
£.057.300
3.053.000
I9,5S«.6oo
16.796.500
1,018,800
087.800
1.058,100
30.800
543.000
5.625 800
4.360,000
152,500
40.; 00
112.000
3,998,400
404,000
& Tr..
1,500,000
2,000,000
500.000
3,719.60C
7.6lo,aoo
2.8;2,8cji,
14.S12.000
2,768.1
(K'
Park
Mech. Bk«. Ass'n
North River
240,000
East River
860,000
Fourth National. 3,200,000 17715.00C
7.876.000
Central Nat
2,000,000
Second Natlon'l
3.428.000
300,000
5.5B 5.000
Ninth National..
750,000
First National..
Third National..
N. Y. Nat. Exch..
Bowery National
N. York County..
Germ'nAmeric'n
Chase National..
Fifth Avenue...
German Exch. ..
Germania
U.S. Nat.
Total
497.(10(1
1,818,700
13,000,000
5,680.100
1.404,000
1,710,800
1,061,400
600,000
1,000.000
300,000
250,000
200,000
750,000
300,000
100,000
801.000
200,000
600,000
4,008.10.1
1.2(!8,700
810,00(1
246.300
49.900
126.30(.
(56.100
110.000
171,000
104.700
890. 1(K)
1^6 OOO
199,600
367,900
33.100
173.60C
96.1-00
449,800
1.341.000
250.000
269.900
101.000
869,800
156.300
210.000
28.800
282.300
8.47-J,t00
3,9Jt,10(
1.978.800
1.351,100
1.413,000
4,695,500
61,163,700 3I3,1S3,8'J
164.000
491.40('
f327. 100
uee.
1-21.600
I
Deo.
358,800
1
430.000
450.000
4.600
768,200
450 000
46.0CO
1,184.900
45,000
780.0|)r.
1,06S,800
biO.Ooo
I7.021.9oo
7.238.000
285 000
S10,000
1.-287 .ceo
3.i39S.Oo(i
73.000
3.51:6,300
f,94,30O
14,890.000
443.000
5.97S,9tKi
1.061,000
1.466.000
1.890,700
1.991.800
270.000
284.300
ISO.OOO
4,533.60(1
91,1^00
i\).',OU
140.80(1
1,(128,0,111
53.800
5,179,300
2 087.2i
l,528.2(j0
week are
Net deposits
Circulation
1
»
t
61.06.1.100
15,65-2.400
1.5,211,800
series of
I.97O.O0C
,303.000
149.900
as follows
Dec.
Inc.
:
Sl,40.".200
81 700
weeks past:
Circalatioa. Ajg. Clear
»
«
19.918,000 881.1-24 243
'292,088,500 20.008,400 1021.882.158
89U,67!,300 20,613.100 796.081,«5»
»
2a8,03S,800
11,853.000
Boston Banks.— The following are the
banks for a
800.000
443,300
M),7SS.900 11,S53,0:J0 iJ0.6;7,a00 20,013.100
Dec.
60,913,500
60,788,990
1,125,000
45.000
5,400
3.318.000
S.040,8oo
6.958.000
1,926.300
8.4O8.O00
81.883,800
20.S78.40C
•23.6:iu
7:1,4110
totals for a series of
Specie.
L. Teniers. Deposits.
Loans,
8:1,100
4D.0C8
2.250.000
870.000
3,900
130,90
141,700
The following are the
1881.
*
Oct 89.... 309,234.500
Nov. 5.... 313,330,900
12. ...813,183.800
174.000
8.000
468,801)
2.638.00.J
38S.800
87.300
•
731.700
787.500
253,500
11.235,000
2.237.300
2.629.85i
8,624.000
1.014,700
1
I
11-2.900
deviations from returns of previous
Loans and discounts
Bpooie
t,9«al tenders^
793,966
1.48;, IOC
2,036.300
14.434.60,',
189,00(1
775,300
6.>i30.6oc
Importers'
1.100
267,000
1.9 10.000
300,000
400 000
Oriental
195,000
360,000
1HO.2O0
137,400
66.800
116.90C
478,000
180.000
80,600
371.400
^ 9711,400
8.HD0.300
91V,900
3,515,000
18,781,000
78.400
70.3UC
814.601]
1,000,01:0
Nicholas
7,794.000
6.855.000
6.104,800
6,408,000
4.831.000
6.043.200
3.010.000
8 425 600
1.948.300
18.846.000
3,139.100
2,188.700
1.607,800
1,098,000
991,700
1.814.800
919,800
3.6U6.200
0.581.00C
Continental
Nassau
Market
599,900
28.000
165 000
57.800
161.800
388.400
480.700
383,200
482,100
3hoe & Leather..
Corn Exchange..
Hanover
IrvinK..
Metrop..;Iltan
Citizens'
5'*«,700
37»,.-;oo
l.lBfl.SOO
200,000
700,000
1,000,000
500.000
3,000.000
800,000
1,000,000
500,000
600,009
500,000
1.000,000
North America..
121.00(1
30(1
12.840.000
3.U84.400
4.801,60C
l.Oie.HOO
1.078,000
1,000,000
422,700
1.500.000
450.000
Pacific
283.000
730,700
339.000
soaiooo
600,0(10
800,000
200,000
800,000
300.000
800,000
5,000,000
5,000,000
1,000,000
Greenwich
Leather Man'f'rs
Seventh Ward...
State of N.York.
American Exch..
1.756.000
1.712.00C
005,000
1,645.000
828,100
S.Sj.'J.OOd
300,000
1,000,000
1.000,000
300,000
Butchers'&DroT.
Mechanics' & Tr.
The
Oirc-uia.
other
than V.
i
New York
3t.
of
Net depVs
Leijal
Specie.
Boston
totals of the
weeks past
Loans.
Specie.
L. Tenders.
Oct. 31..
151.870,800
6,843.,300
Nov.
7..
154,781,-300
"
14..
154,888.100
7,105,300
6,893.800
1.060,401
3,709,100
3.734,000
Deposit*.* Ctrculaiion. Aga. Clear
'
t
t
91,549,300
31,871.603
82.097.838
93,570,400
31,801,600
91.946.649
93,8i(.i,300
31,88j,100
81,033,82 3
Including the item " due to other banks.'
Philadelphia Banks.— The
totals of the
Philadelphia banks
are as follows:
1881.
Oct. 31.
Nov.
"
7..
14
,
Loans.
$
L. Tenders.
S
78,675,853
-8,(6a,8jJ
75,532,039
16,773.5S3
17.:131,Ul
17,3ai,493
Deposits,
$
67.008.776
Circulation.
#
11.069.143
6l>,4-28.240
11.0.82.79iJ
66,303,069
11.113,813
Aaj. Clear
$
48.S5».774
51.704.206
48.411,735
Unlisted Stocks and Bonds.— The following are the reported quotations for securities that are not '-liited" at the
£((,.^..1- i.-'....u.
Stock Exchange:
j^^j Asked.
Bid. Asked,
Am. Cable Constr. Co. 46
'49
Missouri Pacific riglits
Am. Railway Imp. Co.* 130
N. J. Southern
ll*
1
Atlantic & Gt. West..
N.Y. Loau & Imp. CO. 80
6
85
41-1
Do
pref
*19
N. O. Pacilic subs
6
16
.Vraor. Eloo. K. & Po\v.$300
*17
$550 North River Const. Co. 16
o
Host. H. &E., new st'k
N. Y. Cli. &St. L. 8ubs.'20
21
I'^a
Do
old stock
Us
1% Orogou Imp. Co. 1st M. 95>4 95%
Contiucntal Coustr.Co. 7'J
Do
stock
91
80
Central Railway ConOregon Trans., lull p'd 82
83
sti-uct'u Co. (D.L.W.) 29
•31
Ohio C..8Ubs.,$J00p!i.$250
8270
Chic. Burl. &(3. rijihts. I6I3 '16% Pacific E'vlm. Co., ex."
CUic. M.& St. K 1 ights *] I4
2414 24%
Pitts. & West
t;iu. & Gcorsi,-* subs... 3813
•40 i^ Rich.A Al. sub3..fl,200
Deuv. & R. (J. subs, now 83
paid
$320
81
Do uul'd consols- 107 J3 108
Rocli'rA Pitts'grig'ts.lOO
Edisou Electric L. (Jo. 800
44
1,000 So. Carolina RH. stock 43
Gr. Bay & Miun. st'k
Do
2d mort
124
18"
Grand Rapids & Ind.. 15
Do
nou-mort.. .73
I
nd payiaents
Beeeipte.
amount
.Average
Captfal.
Banltt.
discounts.
1 to latest date.-~
1881.
1880.
WeekorMo. 1881.
1880.
Ala.Gt.8outliem. October... 3!S0.809 $67,649 $622,364 $521,906
Atcli.ToD.&8.Fe.8eptemb'r.l.l47.000 806,730
Bait. & Ohio
Septemb'r.l, 540,002 1,593,313
2S.2f;9
Bost.& N.Y.Alr-L.Septemb'r*
28,728
213,973
216,293
Bur.C.Ran.&No.-lstwliNov
4.=>,291
41,699 1,809,336 1,712,434
Cairo* St. Louis.Ootober...
40.587
43,544
346.467
330.663
Caroliua Central Septemb'r.
57,>.39
54,310
414,533
334,033
Central Paclflo... October ...2.514.000 ,120.229 19,684,791 16,i03,421
OetoDer... 237.303 211.820 2.268.522 2,215,505
Clies.&Ohlo
ClilcaKo& Alton .1st -wk Nov 155,499 158,840 6,372,562 6,605,568
Chic. Burl. &Q... Septemirr. 2,262,981 ^62.285 15,423,831 15,129.854
36,244
33.641
Chie. & East. 111.. 1st wk Nov
Cliic.&G.Trk.Wk.en(l.Nov.l2
38.858
37,259
Chic. Mil. & St. P. 2d wk Nov. 362.000
352,408 14,343,000 10,918 327
Clilc. & Northw..£dwkNov. 448.800
433,80018,374,297 16,940,935
Chic. St.L&N.O.AuKUSt.... 257,700
224,737 2,369,223 2,070,423
C!ii.St.P.Min&0..2dwkNov.
86.621
79.129 3.359,916 2,625.238
Clilc.& W. Micli...8eptemb'r.
96.177
81,780
Cin.TiKl.8t.L.&C.Oetober... 212,606 239,881 1,909,488 2,004,917
Cincnmatt South. August.... 225,000 148,437
Cin. <fe Sm-ingr. ..2d wkOct.
24.838
26.277
759.648
734.343
Clev.Cof.Cin.,SEl.2dwkOct.
93.628
99,419 3,496,789 3,482,089
8,083
CU T. Mt.V. <tr>el.lstwkNov
7,538
356,210
365,911
69,923
Co .AHock.V.&c.letwkNov
De:TerifeKioGr 2dwkNov. 117.540
95,397 5,202.986 2,915, j?82
De8M.&Ft.Dod2;e.lRtwk Nov
7,275
5,974
337,863
263,023
Det,Lans.& No.. October... 129,369 116,602
Dubiioue&S.City.lstwkNov
25.836
26,841
961,153
923,783
Ea«tTenn.V. &Q.lstivkNov
71.330
67,442
Fllnt&PereMar.lstwkNov 38.670
34,782 1,561,054 1,326 659
Gal.Har.&San A.Septemb'r. 147.785 147,785
Gr't Western -Wk.endNov.il 102.085
110,270 4,518,432 4,429,467
Gr'u Bay & Minn. IstwkOet.
8,718
8.371
Gulf Col. &S Fe October... 127,420
73,568
Hannlbal&St. Jo.lstwkNov
47,880
48,294 1,896,088 2,123,903
Houst.E.&W.Tex.October...
18.861
8.555
125.400
81.741
Houst. & Texas C. 3d wk Sept
83.336
96.163 2,.554,922 2,280.371
minoisCen. (111.). October... 655,8(17 638,110 5,561.264 5,399.275
Do
(Iowa). October... 174,458
192,101 1,524,289 1,448,658
tIndlanaBl. &W.l8twkNov
45.320
40.199
.
Ind. Dee. * Sp... October...
47,005
44.424
425.386
352 645
Int. & Gt. North.. 1st wk Nov
65.026
60.409 2,248,679 1,506,052
Iowa Ceutral
October...
87.913 101.735
l*keErie& West 4tbwk Oct.
39.822
85,613 1,153,584
981,91(3
Louisa, ii Mo. R.. July
41,279
40,537
249,231
248,132
liouisv. & N.ashv.lstwkNov 254,740
215,200 9,386,230 7,804 275
Marq. H. & Ou"n Septem))'r. 134,742 104,079
..
.
Memo. J;Ch.ail...l8twkNov 31.928
31.247
998.192
9(35 oVi
Meu;p. Pad. & No. October...
24,967
23.545
198.313
172 886
Mil.L. SI). .fewest. 2dwk Nov.
13.150
10.094
512,135
343 595
Mlnu.&St. Lnui8.3 wlcsOet.
89.260
60,799
942,414
615 901
tMo. Kans.&Tex.lstwkNov 178.472 140.310 6.594,239 5,020 301
Missouri Pacific .1st wk Nov 150,419 122,560 5,309,779 4,577 801
MobUeAi Ohio.... October... 252.921 261,713 1,874,761 1.734i881
Nashv.Ch.&St.L. October... 172.121 178.266 1,750,070 1.691.340
N.Y. L. Erie AW.Aueust.... 1,772,895 1,606,871 13,557,369 12,278 914
N.Y.&N. EnffVd 3d wkOct.
00.059
49.998
N. Y. Pa. & Ohio. Septerab'r. 426,360 500,747 4,038.046 3,si2',46i
Ilorfolk&West... October... 241,673 235,910 1,826,551 1,673 40"
NortberuCentriil.Soptemb'r. 429.565
464,093 4,030,2.50 3,584 104
Northei-n Pacific. Istwk Nov 103,700
70,192 3,210,772 2,158 350
Ohio Central
October...
81,031
Ohio & Miss
August.... 338.044 390.997 2,308,562 2,477'i85
Spriacf.Biv. ..August....
46,784
-50,585
281,388
273,192
Ohio Southern
1 st wk Nov
7,062
Oreg'nK.Nav.Co. October... 472.800 379.502 3.536',235 2,856'i29
Pad.&Ebzabetht..3dwk Oct.
12,464
9,112
424,183
315 528
Pennsylvania ....Sipteiub'r.3,735.006 3,647,543 32,879.241 30,254613
PeoriaDec.&Ev. Istwk Nov
11,316
8,810
530,762
363,563
Philadel. &Ene..Septemb'r. 276,522
322,737 2,595,007 2,753,706
Pblla. & Rf.adiUfr.Septcmb'r. 1,945.874 2,C89,-250
8t.L.Alt.&T.H. ..IstvvkNov
21,720
23,900 l,26'e'.'353 1,222,913
(tirous). Istwk Nov
14.500
14,703
626,272
589,151
». T^?
Bt.E.IronMt.&8.1.s;twkNov 161,100 147,489 6,084,066 5,124,083
St.L. ASau Pran.2dwkNov.
62,100
72.300 2,718,599 2 3-'3 988
8t.P..Minu.&Man. Istwk Nov 127,142
74,307 3,969.309 2,636423
Scioto Valley
IstwkNov 11,000
5,990
363,892
269i502
South Carolina. ..August....
81.183
75,525
717,712
643 305
Texas &PaciHo.. Istwk Nov
89,335
69,395 3,152,958 2,209,762
.v.'.'^i
Tol. Delp. & Biu-1. Ist wk Nov
17,931
8,649
E°',*"l.i^?"*'''----2 wksNov.1,295,364 1,074,733 23.70(5.383 20.4d-i.295
Wab.fet.L.AEPac. Istwk Nov 367,653 317,145 12,155,83110,564,3:5
*
New York City Banks.—The following statement shows the
condition of the Associated Banks of New York City for the
week ending at the commencement of busine.ss on Nov. 12.
— ^Jan.
.
XXXID.
[Vol.
SelmaRome&D.lst M
Do
2d M. stamp
II3
I. C. & L. oldstock ....
Interuat. Imp. Co. ex. 98I4
Irou Steamboat stock 40
Do 1st luort. bds. 90
Kan. &Neb. 1st mort.. 84
Do
2d mort
Keely Motor stock
Lchauon Spriuffs 1st..
Lehigh &Wilkesbai'ro. 34
Louisv.
&
95
86
A
stock
stock
Moxicau Nat. subs., ex
Do
bonds, ox...
Do
stock
Mut. Union Tel. subs..
B
13 13
8
10
70~a
23
90
28
16
10
18
2dM.,cle.aa
2 13
incomes
stock
West, stock,. 17
&
& Pacilic
4
3
l^a
20
90
35
Scrivuton Construction 83
Soncy eerts
rexaa,St.LouisRIi.sul) 93
*73
Do
Texas
Texas
Ist iM.
2dmort
*
f
90
93
Pacilic sub
98
& Col. Imi)
U. S. Electric Light Vv.UO
Viciiab.Mcr'ucom.st'k, Ilia
71 14
25
95
5^4
'3 "3
83
24
Marklaud
Do
Do
Do
St. Jo.
St. Jo.
N. rights
Elec. Light
Mid.RR.of N.J..as6.stk
Do
Do
Promiiim.
Discount.
par
150
1514
n
NovKMBEn
THE (^RONICLE.
10, 1881.J
jvsa
%nmstmtnts
STATE. CITt
AND
1
TO
569
1
PiWMnKar
AMD
CORl'OBATION FINANCES.
KinroM
,
Mlaoellaneoiis
ISVE3T0B3' SUPPLBMENT eoiUairu a complete exfiibit of the
^nded Dtbt of Stales and Cities and of the Stocks and Bonds
of Railroads and other Companies. It if pMished on the la*t
Baturdny of every other month »»., February, April, Jane,
August, October and December, and is furnished wUhmt extra
eharge to all regular subscribers of the Chbosiclb. Single copies
are sold at ^2 per copy.
The
—
ANNUAL REPORTS.
Atlantic Mississippi
&
Oliio.
months ending April 30, 1881.)
now linown as the Norfolk & Western, and
This company is
no report of operations has been issued for the fiscal year ending June 30, 1881. The final report of C. E. Perkins and
Henry Fink, receivers, to the United States Circuit Court,
covers a period of ten months from July 1, 1880, to April 30,
1881, when tlie road was delivered to the Norfolk & Western
Company, purchaser at foreclosure sale.
traffic
for the ten
Pasecusors carried
rnsscTiZ-er mileajjo
Tous
fniitlit Lurried
Tou miles
Totnls
tnmnt.
tiil3:Mf>
7,:W2.0(m
h. .,,,,.1,111
I,S0'l,O40
i:u),:t;m
IM.OIO
38,870
IJ|),3.')7
•ilii.AW
au.MS
wMen
04,013
18,267
92,00O.:iO4
911.G80,2:s
Chicago Texas & Mexican.— A preu dJHpatch from Dallas.
Tex., Nov. 8, stated that track-laying began that momiiig.
There are about 2U0 m>-n at work. Arrangeinontsare perfected
to lay two miles a dav, and it is expected Clebnrne will bo
reached by the 20th of becember. Thera in enoagh material
at Dallas and Galveston to flniah the road to Clebnme.
$!).)m<*,01't
Connectlcnt Itallroadg.— A press dispatch from Hartford,
The following annual report* of Connecticut railroad companies for the rear ended Sept. 30, 1831, have
been received at the Railroad CTommiiwioneni' ofllce here:
Connecticut WeHtern.—Q[Tom earnings, $266,725; operating
expenses, $256,577; net earnings, $10,147; decreas« from 1880,
$49,932, due largely to extensive improvement of road-bed.
Connecticut Vulle}/. Gross earnings, $191,926; operating
—
expenses, $168,948; net earnings, $22,977; decrease, $9,1)00.
Boston
New York Air Line.—Groan earnings, $2S3,>
532; operating expeniies, $136,416; net earnings, $146,116; de-
&
crease, $13,335.
Uousatonic.
months was as
follows:
1880-81.
130,221
8,930,587
433,918
99,880,059
•sc wicr.K.
'
Conn., Nov. 17, says:
[Foi- ten
The
'
HW.
*V',o7S,007
Vtv\f.m
Malt
7— riy« M"
er
iiov»:hi
1879-80.
120,114
7,799,782
309,781
81,844,675
Averaue rate—
3'27 cts.
Per passenger per mile
1'15 cts.
Per ton per mite
Of the passenger miles 25"3 per cent and of the ton miles
63'8 per cent were of through business in 1880-81.
The earnings for the ten months were as follows.
—
Gross earnings, $754,513; operating expenses,
net earnings, $195,148; increase, $28,1.53.
Danburu d- Norwalk. Gross earnings, $195,163; operating
expenses, $106,822; net earnings, $88,340; increase, $28,261.
Shore Line,— Uross earnings, $416,620; operating expenses,
$203,639; net earnings, $212,981; increase, $58,494.
New York Providence cD Boston. Gross earnings, $957,717;
operating expenses, $502,532; net earnings, $455,184; increase,
.$559,364;
—
—
$36,306.
Denver & Rio Orande— Chicago Rnrllngton & ^Jiiincy.—
The Gunnison (Col.) News-Democrat says it is the intention of
the Denver & Rio Grande company now to push the road
Gross c.irniDgs
I,0:i9,482
836,484 through to Salt Lake City at the earliest possible moment. A
Expenses. ...:
force of 1.600 or 1,800 men is at work on the Stlt Lake end of
$834,986 the line, and it is expected that the graders will cross the Utah
$819,049
Netcaruings
renewals
the
sum
of
and
besides
large,
were
Renewals
line by December 1. The Black Canon will be the main scene
$72,571 was spent for new construction.
of action this winter, and the company expect to have the road
completed through it by Jane 1 of next year. The one object
of the company just now is to get the road completed through
to Salt Lake by the time the Chicago Burlington & Quincy
Railroad reaches Denver, and some of the officials claim that
Alabama Central. At a meeting in Selma, Nov. 17, of the this will be accomplished within ten months from this time.
stockholders ofjthe Alabama Central Kailroad, the action of the Work on the various branches will be suspended, and every
1880-81.
$1,849,131
1879-80.
$1,671,471
GENERAL INVESTMENT NEWS.
—
some time ago to the East
Georgia Railroad Company was ratified.
directors in selling the property
Tennessee Virginia
&
W.
Cole, President of the East Tennessee. Virginia
at the meeting and represented
his line in the consummation of the transfer. The Alabama
Central Railroad, running from Selma to Meridian, Miss., has
Colonel E.
& Georgia system, was present
been operated by the East Tennessee Virginia
pany for some months
& Georgia Com-
past.
Buffalo Pittsbni-giS: Western.— The Pittsburg Dispatch says
that work on the Buffalo Pittsburg & We.stern extension between Irvineton and Salamanca has progressed so far that it is
confidently stated that trains will be running between Irvineton
and Kinzua village the first of the month of the new year. The
trains will run over the Philadelphia & Erie track between
Irvineton and Warren. The road-bed between Warren and
Kinzua is graded; and at Kinzua connection will be made
with the Olean Bradford & Warren road, by which Bradford
can be reached after a ride of 28 miles. Between Kinzua and
Salamanca the work of grading is being pushed as rapidly as a
force of 700 men can do it, and the 29 miles will be completed,
if the present favorable weather continues, before Jan. 1.
Carolina Central— Seaboard & Roanoke.— The Wilmington
"The purchase bj the Seaboard & Roanoke
Railroad Company of a large portion of the Carolina Central
stock held by Capt. Murchison places the former corporation
Capt. Murchison conin the position of a large stockholder.
tinues to hold the position of President, and there is to be no
change in the management or policy of the road."
(N. C.) Star says
:
—
Central of New Jersey— Og>lcn Mine Railroad. The New
Jersey Central Railroad Company has leased this road for 999
years, and will at once connect it with the High Bridge Division and otherwise improve the property. The rental paid is
equal to 5 per cent on the capital stock of the Ogden Mine
Railroad.
that can be obtained vvill be put to work on the main line.
of the road to Salt Lake City, and its connection with the Chicago Burlington & Quincy at Denver, will
give it an eastern outlet, and will be of vast importance to both
roads, and to this part of the State of Colorado. The Pioche
Record says that surveyors in Utah have about completed the
survey of this road and have their stakes all driven. They
have secured all the passes and canons from Salina to Iron
City, Utah, monopolizing every piece of land in passes and
canons that is broad enough for two roads by running a double
track through them, thus preventing any competition in the
future. This road runs through Salina Pass to Clear Creek,
down to the Clear Creek canon on to what is known as Cove
5ork, Antelope Springs, Iron Springs and Iron City, where a
junction is formed with the California Central Railroad.
Hannibal & St. Joseph.— A special to the Missouri Repub"The Hannibal &
lican from Jefferson City, Nov. 10, sa^s
St. Joseph bond case is to be brought again before the supreme
court. A petition for a wiit of mandamus will be Bled in court
to-morrow against the State Treasurer, based on the refusal of
that officer to-day, upon demand made by the company, to
certify to the Governor that said company had paid mto the
State Treasury a sum of money equal in amount to all the indebtedness due or owing by said company to the State and all
liabilities incurred by the State bv reason ot having issued its
bonds and loaned the same to said company as a loan of the
credit of the State, t.i-svit: three millions of dollars, together
with all the interest that had accrued and remained unpaid at
the time of payment, made by said company on June 20 last to
the State, to-wit— ^90,000. The receipt given in .June was only
mey paid on account, and without the certificate defor
manded the company cannot obtain the release of the State's
This mode of bringing the action Ls to determine the
lien.
whole matter."
" There are but two methods by
The Republican says
which the responsibilities of the State can be met, and these are
through a special se.ision of the legislature or the independent
man
The completion
:
m
...
:
Chicago Milwankec & St. Paul- Chicago & Paclflc—
dispatch from Milwaukee, Nov. 15, states that Mr. John I. action of the fund oimmis.sioners. A special session would inBlair and the Chicago Milwaukee & St. Paul Road have arrived
volve an expense of .f .')0,000 or $60,000. There are §3,000.000 of
at a settlement, and that Mr. Blair relinquishes all his claims
unappropriated in luey io the Treasury. The commii^oner*
and interest in the Chicago & Pacific to the St. Paul road, might take the responsibility assumed d^ Secretary W indom
which becomes the owner of all the securities and judgments
with that portion of the national debt which fell due la.sl July,
held, and also of Mr. Blair's stock in Chicago & Pacific, the.conand for which Coogre.ss made no provision. Tha atliiodo w
sideration being $1,800,000, $1500,000 of which has already
not a pleasant one, but It must nevertheless be met and the
been paid. The suits which were pending have been disobligations of the State be maintained. Thore^is nothing
continued. The settlement gives the St. Paul Company the
whatever to be gained by patting off the payment."
control of all the stock of the Chicago & Pacific and cancels all
—On Nov. 17 the Supreme Court Issued an nlternatlv,' writ in
liens except the mortgage given by the Chicago Milwaukee &
the case of the Hannibal & St. Joseph Railroad against thj
St. Paul Company.
State Treasurer, and the hearing is set for the 2ith inst. Thisu
Chicago & Northwestern.- Following is a comparative state- under the proceedings for a writ of mandamus to compel the
ment of approximate earnings of all the lines owned and State Treasurer to certify that the Hannibal and St. Joseph
A
operated
Road has
liquidated
all its
indebtedness to the State.
THE CHRONICLE.
560
Hudson RiTcr Tunnel Construction Co.—This company
has JQSt been organized in Jersey City, with the following
directors D. O. Mills, John P. Jones, Charles Q. Francklyn,
Trenor W. Park and Joseph G. Mills. Trenor W. Park is
President and Frederick B. Jennings is Secretary and Treasurer.
The company has a capital of $2,000,000, but only $750,000 is
to be issued at present, two-thirds of which amount has already
The company is formed for the purpose of
been subscribed.
building the tunnel from Jersey City to New York, now under
construction, and it is stated that contracts for its completion
have already been made.
LonisTllle Cincinnati & Lexington. A deed of conveyance
has been filed whereby this company conve.ys all its railroad
and property to the Louisville & Nashville Company, the consideration being $7,000,000 in bonds, to be issued by the Louisville & Nashville Company, and secured by a mortgage upon
the Louisville Cincinnati & Lexington Road. The bonds have
fifty years to run, and the Mercantile Trust Company of New
York is the trustee under the mortgage.
Manhattan— New York— Metropolitan Elevated. At a
meeting of the officers of the various elevated railroad companies held Monday, Nov. 14, the following agreement was
:
the
fVoL XXXHI
New York Loan & Improvement Co. on Thursday transferred
to the Manhattan Company, the real estate formerly held
in the interest of the Metropolitan Company. The demand
—
—
finally exe-iuted:
"This agreement, made tlio fourteenth day of November, 1881, between the Mauhattan Railway Comiiany, the Ne~ York Elevated
Railroad Company and the Mctroiiolitau Elevated Railway Company,
hereinafter called respectively the New York Mauhattan and Metropol-
and surrender both were made
in consequence of the proposed
consolidation of the three elevated railroad companies, which i»
regarded by officers of the companies as practically accomplished. The property was acquired originally in the course of
the construction of the Metropolitan lines, which were built by
the Loan
Tliat the said eompames Iniviug heretofore
and on the twenty-sceoud day of Oetober, 1881, made an agreement
and supplemental agreement modifyijig to a certain extent the tripartite
agreement and leases made between the same eompanies on tho
twentieth day of May. 1879, do now further agree, each with botli and
each of the others as follows:
'•
First— That the Manliattau Coinp;uiy sh.aU take a surrender or
transfer of the capital stoolc of tho stockholders of each of the other
two eom])anies or of tho stock of so many of the stockholders as may
choose to make such surrender or transfer, and issue in exchange thereforthe like additional amount of the stock of the Manhattan Company,
on the terms and conditions following.
"Second. The stock thus to be issued to the stockholders of the New
York Companj' shall lie called first iircferred stock, aud shall bo entitled
to the paymeut of dividends at the rate of G per cent per year, payable
quarterly out of the n«t earnings of the company during the year bef(ire
any dividend is paid to a stockholder of any other class; and if the net
earnings in any year prove insullieient to pay the 6 i>er cent dividend
herein provided for, tne whole of the net earnings are nevertheless to lie
divided, and any deficiency below 6 per ceut is to remain due and be
accumulated aud paid as soon as there shall be net earnings sullicient to
pay the same, or as far as tlie net earnings will go; that is to s.ay, tho
net earnings of each quarter are to be divided among the first preferred
stockholders until they shall have received full dividends at the rate of
6 percent per year on eaeli share of first preferred stock, the whole of
such preferred stock not exceeding $6,500,000. ^y net earnings are to
be understood the gross earfiings, after deducting therefrom operating
expenses, the cost of maintaing the structure and equipment, and lawful
taxes and assessments, and the interest on the then outstanding bonds
of the New York and Metropolitan companies. The first i>referred stock
is not entitled to any dividend beyond that herein provided for.
•'2'/ii)rf—Each stoeklmlder of the New Y'ork Company shall receive a
cash payment of $10 a eliare on surrendering his stock to the Manhattan Company, in addition to his corresponding certificata of first preferred stock of the Manhattan Company.
"Fouvth—The stock to be issued to tlic stockholders of the Metropolitan Company shall be called second preferred stock, and shall be entitled to the payment of dividend at the rate of 6 per pent a year, payable (piarterly out of the net earnings of the company during the year
after the first preferred stockholdeis have received full dividends at
the rat* of U per cent a year on each share of first preferred stock for
all time previous; but if the net earnings in any year after the paymeut of dividends to the first preferred stockholders do not amount to
6 per cent, tho deficiency is not to be made up out of the earuings of
any future year or in any manuer whatever. The second preferred
stock is not to be entitled to any dividend beyond that herein pro
itan companies, witnesseth:
& Improvement Company.
That company has held
possession of it, although at the time of the original agreement
leasing the New York and Metropolitan roads to the Jlanhattan
Company a similar application was made for the surrender of
the property.
The refusal of the Loan & Improvement
Company to comply with the request w^as the occasion of no little ill feeling in the Manhattan Board at that
time, and was the beginning of dissensions between the
representatives of the New Y'ork and Metropolitan companies.
The transfer, which was made in consideration of one dollar,
includes the following property
Nos. 5, 7, 9 and 11 Broadway, Nos.5,7,9,11, 13,2.5, 27, 29,31,33 and 35 Greenwich Street
the blocks bounded by One Hundred and Forty-fourth and
One Hundred and Forty-sixth streets and Seventh and Eighth
avenues ; the block bounded by Sixty-sixth and Sixty-seventh
streets and Second and Third avenues ; the southeast corner of
Greenwich and Morris streets ; the northwest corner of One
Hundred and Tenth Street and Eighth Avenue the southerly
side of Morningside Avenue and One Hundred and Eleventh
Street ; the lot on One Hundred and Tenth Street, west of
Eighth Avenue, 175 feet, and a number of other lots in the
upper portion of the city, the value of which is not given.
:
;
Memphis & Charleston.—A dispatch to the Nashville
American from Huntsville, Ala., says: "The stockholders
of the Memphis & Charleston Railroad Company have unanimously elected
the following board of directors
V. K.
Stevenson, Charles T. Swan and Daniel L. Evans, of New York;
W. R. Rison, of Huntsville; William Farrington, J. A. Hayes,
Jr., and R. D. Fraysier, of Memphis; G. M. Fogg, Wm. Duncan, James D. Porter, and Jere. Baxter, of Nashville, and C. H.
Phinizy, of Augustus, Ga. The directors elected V. K. Stevenson President and Jere. Baxter Vice-President. The directors
will decline to recognize any claim of the East Tenne.ssee Virginia & Georgia Railroad, or its lessees, and will immediately
take steps to obtain control of the road and run it in the interests of the stockholders.
The gross earnings show an increa.se
of 35 per cent over last year, but the expenditures have been
largely increased by the purchase of steel rails.''
From the brief figjures for the year ending June 30, the
following is made up:
:
Gross earnings.
1880-31.
$1,342,082
830,736
.
Expenses
Nctearnings
1870-80.
$1,003,270
710,346
$311,345
Missouri Paciflc— The earnings from January
31 on all lines are as follows
.')!-282,924
1 to
October
:
1881.
$9,594,818
Freight
Passengers— Local...
"
Mails
Foreign.
Express
Miscellaneous
Totals
900,744
297,552
205,973
180,716
1880.
$7,775,260
1,320,066
931 ,029
252,353
160,274
163,035
$1,819,557
547,638
Dec. 30,285
45,199
45,698
23,660
$13,053,509
$10,602,040
$2,451,469
1,8(58,705
Increase.
New York Lackawanna & Western.—The
Susquehanna,
Is, the present stock of the
division, from Binghamton to Elmira, 57 miles, with the excepManhattan Company, amonnting to $13,000.000— shall be called common stockjaud shall bo entitled to any dividend out of tho net earn- tion of 3 miles on the Junction Canal property, is ready for the
ings of the company after payment of tlie dividends to the first and track, and 42^ miles of double track have alread.y been laid.
second preferred stockholders according to the tenns of this agreeiuent. All the river bridges but one are in place.
On the Chemung
•'..S'i\rWt— All the stock so surrendered or transferred to the Manhattan
Company shall be retained by it uncanceled as a muuimeut of title or Division 2^ miles of double track at Bath and 4 miles of single
On the Genessee Division, 35 miles,
lor other use, aud subject to such disposition as may be necessary to track in Elmira are laid.
maintain the rights not only of the parties hereto, but also of those who the work has been heavy, but will now progress more rapidly.
have received the stock of this company in .exchange for it and such as In the Canaseraga Valley miles are finished and 3 miles oppo7
ma.v be agreeable to law.
" A'ei'cnfA— Any further instrument that may be necessary to carry out site Dansville. On the Buffalo Division 16 miles of road-bed east
this agreement and maintaiu the rights of these companies and their rc- of Buffalo are ready and track is being laid upon it.
On the
Bpectlve stockholders shall bo from time to time executed by tho parties line from the junction of the main line at East Buffalo to Black
Tided for.
"Fifth—The stock not thus issued— that
hereto.
" 2;ii/7i (A— Nothing herein contained shall impair the validity or force
of the said tripartite agreement and leases dated May 20, 1879, andsaid
agreement and supplementary agreement dated October 24, 1881, except as herein expressed, but in all otlier respects the said tripartite
agreement aud leases and tho said subsequent agreement aud supplemental agreement are confirmed.
" In witness whereof, said three parties have causedlthese presents to
ue subscribed with tholr names by their respective Presidents or VicePresidents and Secretaries or Assistant Secretaries, and the corporate
seals of said companies to be hereto affl.Kcd tho day aud jear first above
written.
[L. S.l
" Mauhattan Railwa.v Company,
"'^ "'^^ Gould, President.
"
Att t_
" D. W.
'
Mc Williams, Secretary.
" The New York
[L. 8.1
„..
" Thomas
Elevated Railroad Company,
"by CVEUS \V. Field, President.
Gershort, Assistant Secretary.
[L. S.)
"The Metropolitan Elevated Railway Co.,
"^^ ROSSELL Sage, President.
"Atte t
"John E. Body, Secretary."
^- ^'^^^^' Jay Grould and Russell Sage called upon
T ~^S^^
Jose
F. De Navarro this week and formally demanded that
certam property in the pcssession of the New York Loan &
Improvement Company should be transferred to the Manhattan
J:{ailway Company. This property is represented for
the most
part by real estate purchased in the interest of the MetropoljtanElevated Railroad, and is declared to be worth $1,500,000.
lae Tribune reports that, in compliance with the demand,
Rock 3 miles are finished.
nearly ready.
On
the line to Lake 3 miles are
>orth tarelina State!. I?onds.—The Treasurer of North
Carolina reports that over $8,000,000 of the old North Carolina
bonds have been funded into new four per cents under the Compromise act of March, 1879.
The time within which the act
operates is now drawing to a close, and all operations of exchange will cease January 1. There are about $4,000,000 of
the old debt still unpresented, the holders not having availed
themselves of the act.
Ohio & Mississippi.— The report of Mr. John King, Jr., Receiver of the Ohio & Mississippi Railroad, from Oct. 1 to Oct. 6,
has been filed in the United States Court as follows:
ItECElI'TS.
Cash on hand October 1
Cash from st itlou agents
Cash from conductors
Cash from individuals, railroad companies, &c
Cash from American Express Company
$187,655
99,123
l,44S
15,383
520
$304,131
Total
DISTRIBUTIONS,
Vouchers subsequent to Nov.
Pay-rolls
Coupons due Oct.
Cash on hand
Total
1
17,
1876
$53,493
3,500
135,000
112,133
$e04,131
The report of Mr. John M. Douglass from October 7, the day
he assumed control, until October 31 is also filed as follows:
NOVEMBBR
THE CHRONICLE.
10, 1881]
ItECKUTS.
fash on
<'iwli
himil
from
$112,132
348,189
October?
Htiitlon
ftgenM
otmiluctorR
IikUvUIiiiUo, railroad oonipaules,
t'asU from Ailams Uxiiross Comiiany
Ciwli
friiiii
(':ihIi froiii
_2'i*?*
so
27,351
803
W88.001
Tot»l
Voiieliors siibaeqiient to
Piiyi-olU
DISTRIIUITIONS.
17. 187tf
"^-gj?
ArrourftK'-'s
Novemoer
wvJ
•
•
CiisU on Imiid
*100,812
Novombor
182,0»«
1
$188,061
Total
561
iiibed Nov. 17, cumprining an abstract of tb« anonal nport of
the llureaa of Itaiuoada >abmitt«d by CommlairtoD«r HeGbmmon. The Secretary nay* that daring the iaiit flacaJ y«ar abont
6,900 miles of aabsidized and land-Krant railroad*. Hobjaet to
the Boperriaion of the Bareaa, have been examioMi, and tbair
books, especially ihose of the Union Paoiflo and Cantral Paoiflo
roads, caref nily compared with the reports rsndsrsd by th*
companies. The gross and net eamlogs of the Pacific Rail,
roads for the year ended Jnne 30, 18M1, are stated as follows :
DKIOM fACtriC.
OroiiH^arnlDgs
Operating oxiWDsea
$S2.7flS,752
11. 474,910
Netenrnliigs
Total number of mllei o iterated
11,200,842
1,819
CEHTKAL rACirtC.
Paclflc Mail.—Sidaey Dillon, President of the Union PaciBo
Gross eanilDgx
$32,893,344
Riilroad, resigned his position as director of the Pacific Mail 0|ieratliiK expenses
aud
rrutola
13,!t02,iM>4
yesterday.
Steamship Company at a full meeting of the Board
Net eariiliiifs
0,390,840
Nothing had been done at the meeting toward a reconciliation Average uumber of miles operated
2,014
NOKTIIKUN
fACirlC.
his
resignaoffered
Dillon
with the overland railroads, and Mr.
Gross earnings
2.031,803
intended
to
put
companies
tion, after stating that the railroad
Operating expenses
1,046,157
a rival line of steamships on the China route. His resignation N(-t fiiuuliiKS
095,645
Number
Russell
Sage,
uf
miles
operatetl
consisting
of
754
committee
was not accepted, but a
last
annual
report
operations
the
The
of
the
of
Teta-s
Pacifle
confer
was
appointed
to
Houston
President
Henry Hart and
road has not yet been received, bnt Secretary Kirkwitod report*
further with the officers of the overland railroads.
upon this road is being pushed rapidly forward, and
It is understood that the railroad companies insist upon the that work
privilege of buying the Pacific Mail steamships now on the it is anticipated that the line will be complete^ and trains ranChina line— the City of Tokio and the City of Pekin— for which nsng to Rl Paso not later than January 1 next. The Secretary
they offer a large price, and that on this condition alone they suggests that the Thurman act of May 7, 1878, should be so
subsidized portion of the Kansas
will consent to a new agreement allowing the steamship com- amended as to embrace the
pany full cargoes and rates. It is estimated that this would Division of the Union Pacific Railway within its operations.
Southern Pacillc— Texas Pacific. A traffic agreement bereduce the montly allowance from $110,000 a month to about
$55,000 or $60,000. The monthly payments to the Panama tween these companies is to be made. The proposed arrangeRailroad Company, however, amount to $70,000 a month, and of ment is not a consolidation, bnt there will be a division of earnthis sum about |tjO,000 is paid on California freight. A director ings. The Texas Pacific line connects with the Sonthem
cf the company said last evening that this ultimatum of the Pacific at a point abont eighty miles east of El Paso. Over this
overland roads meant simply that the steamship company should line the Texas Pacific will be given eqnal rights with the
do the through business for nothing, after having surrendered Southern Pacific, and for this j)rivilege will pay one-half the
a line that brought in more than one-half of the net earnings of cost of maintenance and of the led charges. A similar right
,.
..
Pacific over about the same
Southern
the company. At the same time, he said, it was difficult to see will be granted, the «
how the company could do much better, for the overland rail- length of road near New Orleans belonging to the New Orroads had refused to make better terms, and the Panama Rail- leans Pacific. This agreement does not interfere with the comroad was rather desirous that the Pacific Mail should terminate pletion of the Galveston Harrisburg and San Antonio Railroad,
the contract with that company, so that it could put on a line which is the New Orleans extension of the Southern Pacifle.
of steamships of its own.— iV. Y. Tribune, iVoB. 17.
For this road and the Texas Pacific, running across the State of
an equal division of the GalPacijlc Kallroads.— An addition to Secretary Kirkwood's Texas, the agreement provides for
bosiness to and from El Paso.
Airnnal report to the President of the United States was fln- veston and New Orleans
—
_
—
•
.
RAILROADS IN MASSACHUSETTS.
{For the year ending September 30, 1881.)
several of the
From the returns made to the State Commissioners the Boston !)»% ^rfoer^wer compiles the statistics of
most prominent railroads operated partly or wholly within that State, as follows:
'''
Frovidence
" Boston
"
Boston <*
K. T. Keto
Boston it
ConneeUeu t
Revere Kh
<t WorcesProviHaven tt
Albany.
River.
<{
Eastern.
Attela.
Construction account
JEquipment
Total ciisb assets
Profit aud loss balance
Total assets
i,E?o'^"''A
" s i?^' ,l<
5'-2. hSt
j,jS4,o^i
$4,405,374
207,400
394,440
$3,077,053
744,594
683,903
Lynn.
$449,275
102.274
81,592
$18,397,236
$5,526,834
$4,505,610
$836,910
$15,500,000
$1,000,000
860,000
$419,400
350,000
10,831
&6,6A6
$836,910
dence.
ter.
LiahlUliet.
Capital stock
Funded debt
Unfunded debt
Profit
2,219,/ 87
430,531
$18,397,236
$5,526,884
$4,505,610
c-;i"nWi
and loss balance
Total
„*}'J'."2i2
$2,500,000
1,212,000
459,957
303,651
liabilities
General exhibit for the year.
Total income
Total expenses (including taxes)
Totiil freight (lepartracnt
Total tr»u*i)ortiitlon earniugs
-
Income from all other sources
--
Taxes
•
Iron rails (tons)
"11""."'
-•..-
,
Bepalrs of buildings
Kepalrsof locomotives
Fuel, locomotive power
Total expenses (With other items)
Equipment,
Locomotives owned
Passenger cars
Bai:g:ige, mail and express ears
Freight cars (basis of eight wheels)
Other cars
Average rates per mile.
For local passengers
From paHsengers to and from other roads
Season ticlcet passengers
From all passengers
Local freight per ton
Freight iier ton to and from other roads
-
271,711
9,667,695
$826,161
590,110
236.0S1
10.027
15,335
163,000
33,688
678,839
$1,680,207
937,837
185,911
83.406
2,942,453
S,051,808
2,277,097
4,328,005
7,271,339
603,926
$211,673
110,365
14,999
13,779
360,823
131,588
307.079
439,567
799,3£«
26,771
1,033,833
5,818
139,319
5,068
$5,027,318
$1,419,312
$1,039,671
$164,388
$3,094,273
$7,975,285
$326,161
$6,305
6,392
$60,614
60,535
$50,481
24,312
929
247
4,019
33.937
163,336
$407,176
102.937
28,014
g83,l2tf
1,217,57d
••-
$3,094,273
1,969,672
1,124.600
218,330
664,558
1,400,145
.
Steel rails (tons)
New tics
$3,15«,50O
$7,871,285
5,688,412
2.186,873
75,000
470.000
1,600,000
41,873
2,688,533
'•''2?'„„3
^''^^^'^YS
61,413
196,49.5
,
$31,281,332
$1,407,660
203,369
72,446
48.874
1,732,361
1,020,278
278,160
1,203,448
3,030,790
54,274
104,926
3,012,443
Oeneral salaries.
Insurance
Teli'graph expenses
Repairs of road
$19,951,891
677.741
678,839
$154,430
„,__„_
"j'^il'ZiT
1,003, ^44
Total Income from all sources
Analysis of expenses.
$2,100,000
$293,781
97,087
17.018
4,299
412.180
431,741
189,924
621,666
„ „,X'Ssi
2.219,287
-
$3,456,530
$20,000,000
7,000,000
896.260
3,388.071
$653,125
169,606
30,908
12,523
866,188
318,003
215,862
533,956
........
^'-^^S'SS?
Mails
Total from passenger department
Local freight
Through freight (to and from other roads)
$31,284,332
$4,997,600
13,624.005
1,330,236
$161,338
117,033
47,355
Interest accrued during year
Dividends
Surplus for year
SuriUus September 30, 1881
AnalytiB of earnings.
From local passengers
Through passengers (to and from other roads)
Exiiress aud extra baggage
$10,951,891
$1,039,671
736,214
303,457
19,080
143,633
120,000
20.693
303,651
^'72o'|«
14it,333
Rentals
$2,395,520
241,938
713,459
963,700
664,744
0,667,695
$1,419,312
1,012,304
407,003
11.605
28,712
320,000
46,690
430,551
*5'*!H'?i?
3,293,101
Net income
$24,363,716
3,145,400
2,547,888
67,000,050
$238,642
67,435
$89,686
31,095
12,339
2,420
270,023
5,103
1,839
09,133
"i.osi
82.511
76,202
177,327
302.077
22,032
80,327
71,791
107.722
$3,293,101
$1,012,304
lOO
183
68
2,001
25
•025
•0211
•0059
•0108
•0380
0159
40
104
$32,816
25,823
6.403
4.016
65,742
258
1,078
24.557
19,475
il.OOO
0.874
50,056
3,093
159,319
9,275
37.452
70,784
$736,214
$117,033
25.M0
31
30
18
11
457
302
983
3
•022
•0108
•Oil
•019
•0355
•0226
•0237
•00740
•0224
•021
•0213
•0-126
1.696
24,357
87.849
145,631
287,100
2.627
130,581
502.819
362.396
711.217
""Sis
$2,618,501
$1,969,672
$690,110
212
185
47
34
40
6
470
3
19
26
2
4 450
14
•02.^3
•035
•0101
•0268
083
760
£'«wf.
5
1.130
60,953
427
"'275
1.395
4,004
5,184
10,642
16.067
531.674
O'nerf.
80
102
40
1.318<9
$.107
19.795
33.533
33.629
82.919
94
663
(nearly) •OS
0213
•03
•0198
•ons
0068
03*2
O
01193
•0035
•01931
•03028
01217
0083
•019T
•0160
•0079
•053
THE CHRONKJLK
562
—
Borne Watertown & Ogdensburg. By the plan of reconstrnction of this company it is proposed, according to the
Wo7-ld, to issue first consol. mortgage forty-year five per cent
gold bonds to an amount not exceeding $8,440,000. Income
bonds bearing interest at a rate not to exceed 7 per cent per
annum and non-cumulative, payable in fifty years, with the
right to retire such as may be drawn by lot at the end of the
year, to. an amount not exceeding $2,358,140, and common stock
not to exceed in amount 15,293,900. Holders of the first consolidated convertible bonds are to receive in exchange for
these securities the new consolidated mortgage bonds and
income bonds for the back unpaid interest from October 1, 1877,
Stockholders are to receive new stock in
to July 1, 1882.
exchange for the old and income bonds for the assessment of
$10 per share which they are called on to pay. Of the new consolidated mortg-age bonds a sufficient amount is to be held in
trusc to pay off existing liens prior to the old fii-st mortgage
bonds, as follows:
& Rome 7 per cent, due Sept. 1, 1830,
& Ogdensburg Ist inort. 7 per
Kome Waterlown & Ogdcnsburg 2d mort 7 per
.Jan. 1, 1892
Syracuse & Noitliorn 7 per cent, duo July 1, 1901
Watertowu
extended
to 1910. atti percent
Borne Watcrtovrn
Dee. 1, 1891
$418,500
cent,
1,021,500
cent,
Total
duo
1,000,000
300,000
$2,940,000
Others than these the present
liabilities are:
Consol. mort. bonds. 7 per cent, due July 1,
Floatingdcbt, Oct. 31, 1881
Unpiiiil
due
conoons
1904
$5, .500,000
448, .^OO
1 ,540,000
5,293,900
Capitnl stock
Valley (Va.) Railroad.— The annual meeting was held at
Staunton, Virginia, November 9. President Spencer's report
showed that the gross earnings for the year ended September
30 were $57,557; expenses, f 45,570; net, $11,986; against net for
1880 of 110,378. The reduction of indebtedness during the year
was $32,835. The road at a point two miles north of Lexington will diverge from its original location and connect with the
Bichmond & Alleghany a mile below Lexington. The track of
the Bichmond & Alleghany road will then be used to the town,
and the Valley road will construct an extension to a central
point in the corporate limits, the extension to be used in town
bv the two roads. The arrangement will be continued until the
Valley Boad extends its work further south.
—
Vermont CentraL The special masters appointed to find and
report the indebtedness of the Vermont Central Bailroad manafers have filed their statement in the Franklin County Court,
t shows the amount of bonds presented and
proved was
$3,800,000 out of a total issue of $4,300,008. The overdue in-
^Ite
[Vol.
^ommtxcml
XXXin.
J^xnxes.
COMMERCIAL EPITOME.
Fkibay Nioht, November 18, 1881.
The weather has been generally favorable to trade and the
volume of business during the past week has been large, prices
generally ruling firm or better. The speculation iu domestic
products has been rather more confident, and the movement for
export has been more active, either from the execution of deferred orders or from the impression that prices are not likely
to go much lower. The crop reports from the Agricultural
Bureau
at Washington, issued this week, have indicated smaller
crops of cotton, wheat and corn in 1881 than in 1880.
There is
as yet no indication of the immediate clo.sing of inland navi-
gation at the North or West, and the Southern rivers are in
good boating condition.
Bio coffee has been very quiet, and to-day a further decline
the stock here in first
hands has been reduced by large withdrawals of lots to be sold
in lots to 82,494 bags.
Mild grades have sold rather more
freely than Brazil, and have been more firmly sustained, but
close somewhat nominal at the recent quotations.
Bice has
sold fairly at steady prices. Spices have been dull. Foreign
fruits have been quiet, and raisins have declined to $2 65 for
layer and loose muscatel. Tea has sold freely at auction, at
slowly declining prices to-day at a sale of 10,000 packages
there was a decline of about one cent in greens and Japans, and
blacks were also a shade easier. Baw sugar has been very
quiet, and refined has had an extremely poor sale; but import-
to lOMc- for fair cargoes took place
;
;
ers
have
still
quoted at 8%@S\ic. for
the market has apparently lost
good refining, and
former firmness.
fair to
of
little
its
Boxes.
Blicls.
Bugs.
Melailo.
November 1
7,130
101,284
November 1
9,939
3.853
78 623
Stock November 16, 1881
46,920
(>,844
557.255
52
Slock November 17, 1880
48,229
8,215
1,015,300
3,875
Eefined sugar has been weak of late, and closes dull at 10>^c.
for crushed and cubes, W}i@10^,ic. for cut loaf, 10@10^c. for
powdered arid 9%o. for standard soft white " A."
Kentucky tobacco has continued quiet, though a better busiReceipts since
Bales siuce
ness is reported
Sales of the week 550 hhds. of which 350 for
more than $2,000,000. The floating debt is export and 200 for home consumption. Prices are firm; lugs
about
The Centra! Vermont claim for cash ad- 6X@7o. and leaf 7M®14e. The business in seed leaf tobacco
vances, approximate, $700,000. This makes a total trust indebtedhas been more active at full prices. Sales for the week are
ness of $7,500,000. The report says further that in 1872 the
floating debt of the managers was $2,800,000, and, owing to the 1,946 cases, all from the crop of 1880, as follows: 1,046 cases
stringency of the money market the notes went to protest. Pennsylvania, including fillers, 5^@7c.; assorted, 10@18c., and
Bival roads then tried to throw the Central Vermont into wrappers, 17@35c.; 550 cases. New England, 16@40c.; 100 cases
bankruptcy, and it was then that the new company was or- State, private terms; 150 cases Ohio, 4;ailc., and 100 cases,
ganized under a charter from the Legislature, and in the Wisconsin, 3@12c also 350 bales Havana, 86c.@$1.15.
The provisions market has been somewhat better during the
spring of 1873 advanced $1,000,000 in cash to lake up the notes
of the former management. Netv York World.
past week, in sympathy with improved advices from the West
and a better speculative interest here. The sales of pork toVirginia State Bonds.— A meeting of holders of Virginia day on the spot were at $17 62;!^ for mess January options
deferred bonds, representing about $6,000,000, was held at quoted $18 15@|18 35 February, $18 20@S18 40.
Bacon was
the office of Mr. J. B. Manning, November 14, and resolutions still quoted at 0],ic. and dull. Lard was higher and in better
were adopted authorizing the appointment of a committee to sale; Western, on the spot, 11 -47^(911 SOc November options
terest
,
amounts
to
$1,000,000.
;
;
;
;
act in unison with a similar committee of the English bondholders. William Lummis, of Lummis & Day, was made chairman of the committee, the other members of it being left to
The committee has not yet been announced. The London committee was formed at a meeting of the English bondholders held Nov. 3, 1880, and Mr. C. Satterthwaithe, a member
of that committee, and who represents between $3,000,000 and
$4,000,000 of bonds, was present at the meeting on Monday, and
submitted the proposition made by the London Committee,
which demands that the State of Wesc Virginia shall pay 50
per cent of the principal and accrued interest of the outstandhim.
ing deferred bonds, issuing for it new thirty-year bonds, bearing 3 per cent interest, the coupons receivable for taxes, with a
smking fund of 1 per cent aniiually. Under the provisions of
the act of 1871. one-third of the bonds surrendered in the funding
of the State debt was deferred. Mr. Manning stated to a T/'men
reporter that the total of bonds amounts to $10,000,000. " They
were issued by the State of West Virginia in July, 1871, as the
portion allotted to that State of old Virginia's ante-war debt,
and representing about a third of (hat undisputed debt. The
bonds were provided for in the Constitution of West Virginia
adopted and ratified by the Federal Government in 1863. They
were to draw 6 per cent interest annually, none of which has
ever b;een paid, and which now, uneomponnded, amounts to
over $6,000,000, making the total debt $16,000,000. At our
meeting this afternoon we discussed measures looking to the
recovering of at lea.st a portion of our money." * * * "The
compromise at .50 per cent means that we "will take new bonds
from the State for $8,000,000 as exchange for the $16,000,000
Iwnds and interest now held, the new bonds to be at 3 per cent
in lieu of the old 6 per cent.
If some action satisfactory to
the bondholders is not soon taken, it is probable that the Court
of Claims at Wa.shington, or the United States Supreme
Court,
will be asked to give relief."
.
sold at ll-42^@ll-50c.; December, li-42>i@ll-55c.; seller year,
ll-42^@ll-50c.; January, 11 57?^@11 72^c February, 11 67^
@1182>^c.; May, 11 -95® 12c.; refined to the Continent, 11 SOc.
Beef was quiet at $25 50 for extra India mess. Beef hams, $20.
Tallow remains about steady at 7%@7Mc. Stearine quoted at
lljic Butter is firm and in moderate request. Cheese fairly
active and steady at 15^@12c. for fair to choice State factory.
The following is a comparative summary of aggregate exports,
from November 1 to November 12
:
:
Pork
Bacon
Lard
Total
1881.
2,159,000
1 7,51 1.06B
10,200,577
1880.
2,081,400
28,750,894
17,984,315
Increase.
Increase
lbs.
lbs.
lbs.
lbs.
29,870,1)43
48,816,609
77.C00
Decrease.
77.600
11,239,828
7.783,738
19.023,566
Naval stores have been very quiet, and, while rosins have
declined to $2 30 for good strained, spirits turpentine has
fluctuated between 54>2055e., and closed at those figures.
Petroleum for export is very dull and wholly nominal at 7^c.
for refined. Crude certificates have had an active speculation
at lower figures. To-day there were sales at SOjic, though
the closing figures were at SlJ-ic.
Ingot copper has continued firm at 18>^@18Mc. for Lake. All other metals have
full rates.
Sisal hemp has been actively
dealt in on speculative account; to-day 10,003 bales were sold
on private terms; quoted Q)^@6%e. Jute butts sold to the
extent of 12,000 bales, mostly to arrive, at i'/si. Linseed met
with more activity at $2 12i6, and closed stronger at $2 15@
been fairly active at
$2 17%.
Ocean freight room has been held at better rates, in view of
the materially reduced supply of tonnaife. Grain to Liverpool
by steam, 4d.; cotton, ll-l((@Md flour, 12s. 6d. Grain to
Glasgow by steam, 4d do. to Hamburg ly steam, 75380
pfennings. Grain to Cork for orders by sail, 4s. 4>2d.; refined
;
;
petroleum to Antwerp,
3s.
l^d.
NoTBMBm
THE CHRONICLE.
881.]
10,
COTTON.
Fbidat, p. M.. November 18, 1881.
Tki Motbikst of thb Crop, a-s indioated by oar tttlefcranu
from th« 8»iath to-niKht< >« given below. For the week ending
thus evening (N<jv. 1«), the total receipts have reached 224,837
bales, againMt 224.420 bales last \vct>k, 216,(585 bales the previotu
week and 203,211 bales three wtH'kn since; making tne total
reoeiptM siaee the Ist of September, 1881. 1,831,037 bales, against
2,114,B34 bales for the same period of 1880, showing a decrease
September
Binoe
ReeeiplB
1,
at—
Hon.
Indianola, &c.
New Orleans...
Mobile
16,578
89o 1,977
8,071
5ti0
4,955
7,531
5.922
FloridJ)
BavonniUi
Bruusw'k, &e.
CJarleston
Pt. Royal, Ac.
4,379
6,151
6,140
1,799
15,535
414
414
2,911 13.727
1,257
3,75
5,578
5,287 7.808
57,135
13,405
5.576
40.312
408
408
3,934
27,737
938
933
1,232
1,403
7,508
3,915
7,105
1,463
3,932
6,010
4,331
921
631
WUiulnKton
7,645
1,289
1,243
Moreli'd C.,ibc
Norfolk
CltyFolnt.&o.
New York
Boston
Baltimore
Total.
3,160
2,197
10,00<)
4,879
FH.
Tkurt.
2,940
1,4511
4,501
5,954
6,762
5,126
5,073
261
966
501
727
1,401
1,977
678
563
562
1,392
81
2,317
1.686
70
310
819
1,240
309
319
Phlladelp'a, Ac.
319
Lambert, 60 Beaver Street.
Nov. It, AT-
1880.
1881.
Thit
Week.
18.
Ottlveston
Indianola, Ac..
15,535
New Orleans
57,135
13,405
6,578
40,312
Florida
1,1881.
Week.
Ti>».M
7,023
464,225
103,867
8,355
352,668
4,395
255,3i4
12,045
00,372
6,320
243,120
24,253
14,181
52,930
11,439
14,413
408
&c.
27,73'
Wilmington .
MTiead City.it-
7,10J
1,463
33,924
3,915
4.195
9,578
1,213
1,952
938
.
Ac
New York
Boston
Baltimore
Philadelphia, Ac.
1,
702
83.246
20.100
667
33,793
74
25,409
4,140
7,317
1,492
33,512
12,370
2,236
3.878
The
9,578
1,213
1,952
1880.
227,569 92,832 85,875
448
7,449
453.716 226,679 241,459
138,967 28,843 38,702
5,418
692
414,575 95,712 130,893
3,210
307,898 104,365 117,270
21,166
458
4,026
63,169 19,381 25,411
10,171
292,988
81,877
61,342
74.660
2.),7G
142,824
3,420
27,787
13,702
97,921
3,675
33,264
6,328
29.616
9,594
13,341
1,671
1,340
2.')6.C18
2.114.521 823,537 860.037
In order that comparison may be made with other years,
give below the totals at leading ports tor six seasons.
Seecipltat—
1881.
Oalvest'n.Ac.
New
1880.
15,949
57,135
13,405
40,342
23,675
8,5C8
37,839
22,931
Orleans.
MobUe
Savannah
Charl'st'n.Ae
WUm'gt'n, Ac
Norfolk, Ac.
All others
25,314
83,246
20,10!
33,793
29,549
8,809
45.888
9.919
1879.
1878.
22,469
62,335
15,113
30,095
26,001
5.418
37,490
13.287
25,427
49,153
18,514
22,241
20,745
8,878
21,313
22,550
61,598
17,992
30,853
20,878
29,496
7,309
activity,
aince Sept.
224.837
256,613
218,408
181,376
200,930
211,823
1831.637 2114.521 188.i.8ia 1545,609 1327,901 1038,786
(ialve«T3u luolndes ludiauola; Charleston includes Port Koyal, Ai'.;
wUmt»(iron Includes Blorehead City, Ac; Norfolk Includes City Point. Ac
The exports for the week ending this evening reach a total
of 117,733 bales, of which 70,599 were to Great Britain, 10,679 to
France and 36,455 to rest of the Continent, while the stocks as
made up this evening are now 823,537 bales. Below are the
exports for the week and since September I. 1881.
1.
I
Sxportg
tnmGalveston
New
Week EndlnQ Nov.
Exported to—
EvportM
Oreat
Oontt-
Total
Onat
Brtt'n.*"""
n«il.
Wetk.
Britain,
^ana
51,li:«
2.07S
3,163
Orleans.
Avm Sept. 1. ISSt. to Nov.
18.
31,854
8,775
1.800
0,460
3,C53
a8,8S»
Mobile
riorlda
3,718
SaTanaah
•1,437
CbarlestOD
*..
8.7iS
9,807
i3,oe«
s.ss;
WUmlngtoo..
i.aes
Norfolk..
New York...
7.661
BostoD
t.l7S
.
Baltimore.
.
.
niUadelp'a.Ac
Total,
_TrUl
901
1.SS7
l.«4S
?,000
S7,6S.
80.733
48,182
13.010
),G.'U
7.0«0
B,313
2,173
1,245
Z,000
5m»7
iM.ofrf
aTKXi
lor,
expuru from Fort Roral, Ac.
41'
8.25'
M3S1
79.040
94.IM0
12,M6
7n.t 7«i
60.416
38.715
S.0S9
8.860
<1.18
Se.677
l.^7.<Ml^
37.407
None.
1,800
ii.:*o;<
120.U')2
47.222
20.034
14fl..V>3
677.034
68.711
«7I.fj«»
7.87)
3,75S
126 .896
e;,irj
80
818.822
861,868
25.43U
0H.212
67.396
•2.150
M<M!74
preues
tot foreign
last was continued, with
towards the close of Honday^i basiness, the
forward delivery for the week are 1,004,500
For immediate delivery the total sales foot up this week
13,278,bales, including 6,438 for export, 4,594 for conHamption,
98S for speculation and 1,25S in transit. Of the above, 293 bales
were to arrive. The following are the official quotations and
sales for ^ach day of the past week.
The
total sales for
UPLANDS.
NEW ORLEANS.
Tnea Sat. man Toes
yoc. 12 to
Not. 18.
Ordln'y.^Bi
9
Strict Or.l..
99i«
9i«
9'll6
ICs
901.04) I.A«ia470
9%
9H
9"l6 9"l6
lOOg
lO"*
G'd Ord lOlSlB lOiSi, 10i»ie ll'is
Low Mldd'g ll^is H''l6 U'Jts 11»16
Str.L'wMld llflis H''l6 ll'he
Str.
11%
Ifs
Ifs
Good Mid. 12%
Str. G'd Mid 123g
12>4
12>a
Midd'g Fair
l^'^s
13
12>4
121s
13
Fair
13°g
13%
13%
Wed
Ordin'y.^*
Strict Ord..
Good Ord..
Tta.
12%
Fri.
9^,8
9 "8
9:!i«
9%
911,8 9%
IOI9 Il0»i8 10»18
11
1015,8 11
117,8 Ill's 11%
Mid(Ulni?... 11''8
G'd .%fld 12%
Midd'g Fait 13
Str.
I
9>4
9%
9:s,g 9»i»
9I6i„
10% 10% lOOg 10%
11»16 11»,8 ll'is ll»ltt
ll'Iiei 11''18 11«1« U>'is
1115,6 llUiS ll'*16 ll"l«
12% 12
12'e
12>s
12I9
12% 12>t
12'a
I
12i>g
12%
12%
13>8
I3T9
13>4
I3I4
14
14
Wed Tk.
9%
i
97i8
Good Ordinary
Good Ordinary.
10%
U%
13%
STAISED.
»»
Strict
Low Middling
Middling
no*. Taea
9%
Sat.
939
916,«
915,8 10
1013,8
11*18 11 '4
1111,8 11%
1115,8 12
123,8
1115,8 1115,8 12%
I2»i«
126,8 125,8 12%
12li,«
12»10 12»ie 12%
135,8
LJ'16 131,8 13%
131*1,
1313,,8l3'»18U
li'is
Str. G'd Ord
Low Midd'K
Str.L'wMld Uiiiolis
Pair
TEXAB.
Sat. M.OU
Sat.
Mod
8%
9%
9%
I2«8
13>e
13Ve
9%
10
1013,,
11%
12%
12%
I314
13>4
14
I
97,6
915,8 10
10l»,8
11%
11%
ll''l8
12
1115,, 12
123,8
123l8 12%
12»i« 12%
12»is
131*18 12%
18'»I8
135,8 13%
135,8
141,8
H'ra 14
'TaealWed Tk.
8%
9%
9»8
105,8 lOIis 107,8
llSis 117,8 117,,
8%
0%
9rt.
97,
10%
11%
ll'is
ll''l»
lli»,»
13««
12>«
14
Wed Tk.
Fri.
9>5i«
10%
iS^"
lOlSn
11%
11%
12
l'23l.
12»1«
I2li,«
135„
14'l8
Fri.
813,8
913,8
10%
IHie 11%
107,,
MARKBT AND SALES.
1S41
16.089
83.691
112,322
31,041
82,239
10,687
18.483
19.753
41,040
.'.'>..'.»3
27..'VO0
dling uplands.
8ALRS OF SPOT XHD TBAVSIT.
SPOT MARKET
CLOSKU.
fwnt.
14,713
i8,7S8
ftO.9.11
5,300
0,459
Noun.
3,500
advance for the active months from the closing flgares of Friday
being 30@35 points. Some reaction towards lower prices took
place on Monday afternoon, but speculation was renewed on
Tuesday. The Bureau report, puolished at noon on Tuesday,
wa.s regarded as more favorable, or rather less unfavorable, than
was expected. It checked speculation, and cauHftcl tlie market
to close lower. Speculation was renewed on Wednesday, however, and continued on Thursday. The buyers on Saturday and
Monday, as well as on Wednesday, were understood to bt) mostly
" outsiders," and it was said were parties who asually confine
their operations to the Stock Exchange. But on Thursday the
improvement was due to a demand tt) cover contracts, arising
from the stronger reports from Liverpool. To-day the opening
of futures was at a .slight decline, and closed without re<:':>very.
Cotton on the spot has been more active. The dealings for
export have been more liberal, and considerable lines in transit
have been disposed of. Quotations were advanced ^c. on Saturday, and again on Monday; they were also marked np 1-1<'«. en
Thursday. To-day the market was quiet at 11 1&-I6c. for mid-
Total.
1
10.M7
8315
250
to
OofM-
7,970
S,7SS
14.21
7o,5a« ~io!e79'"3a.i» 117,733 "Me.rau
iSHo...
'laelates
ajm
I»,»40 57,93
—
:».
3,803
till
Goo<l Mid.. 12>4
Tot.this w'k.
tn:i.220
3,210
13.414
which was noted at the close of oar
much
Middllni^.
29,738
57,170
21,197
28,416
25,931
6,836
29,458
13,027
7,301
15,10.5
we
1876.
1877.
63.4.>»
1,600
1,-500
speculation in cotton for future delivery has been more
week under review. The upward course of valaes
Qood Ord.. 10%
224.837 1,831.637
•Total
2,2T.'>
active for the
33,924
3,915
4,195
1881.
1880.
15,583
None.
2.624
18,400
None.
900
%Sr"'
' incliidol In this amount there are 200 bales
at
ports, the dostlna Jou of whioh we oaunot learu.
Stock.
Since Sep.
24,612
195,71'
Charleston
Port Royal, 4c.
Norfolk
City Point,
ThU
414
MobUe
Bavannah
Bmnswick,
Sitice Sep.
None.
1,890
IbM.
OotulteUe.
7.400
2.000
6.359
1,700
6,000
»»lvo«ton
New York
Other port*
Jfor comparison, we give the following table showing the week's
total receipts, the total since Sept. 1, 1881, and the stoelw to-night
and the same items for the corresponding periods of last rear.
Receipts to
3(),.5a4
.6.W
1
Otiur
/yantt.
i.von
tloblle
utidrlefttun..... ..
4nvHiiii.ah..,, ....
Totals tilts week 29,130 36,748 3.5.<189 41.244 25,136 5b-.910l224.837
Noeember
Gnat
BrUaln.
Hdw Orleans
Wed.
Tiirs.
3,0al
2,730
Galveston
In addition to above exporta, nor talecram't In-alnht nUo <riv<t
OS the rojliiwingamoantrtof oottonon •nlpb')anl. not cleared, at
the ports uamed. We add simllMr flgorea for New York, which
are prepared for oar spaoUl oae b/ Hawis. Care/, Yale k
1881, of 282,887 bales.
Sat.
563
Con-
ExI
port.
600, 1,396
Sat.. Finn at %adv...
Mon Steady at % adv. 1,096, 518
627
1,00.5
Tues. Easy
517
1,287
Wed. Steady
768
Thurs Firm at 1,8 adv. 880
768
1,570^
Fri. Steady
.
.
Bif6- 2VaN-{
Total
tit
tump. uePn
IMfo-
Bale*.
1,996 199.600
1,614,228,200
1,663 130,900
50
1.9841 IO2.8O0
180
518 1,258 3.421 160.700
2401
2,5-81 182,3J0
988' 1.258 13.2731
6.4381 4.591
Total
" 1.001,500.
The dally drtllverle* given abjve are aotiLklly dell ver« 1 tha
rlous to that on whloU they are reported.
50O
40O
300
200
600
•00
2.600
d^ pre.
Th« Sales asd Pricks or Fdtdbbs are shown by the following comprehensive table. In this statement will be it and the
dMly market, the prices of sales for each month each d«y, and
the closing bids, in addition to the daily and total sales.
THE CHRONICLE.
•^564
<9
H
1^
at
&
O m
— SB
§
o
8
55
1=
Tuesd
Wedn
Monday
Sales,
Clos Pric Sale
Clos Pric Sale
Closin Prices
Saturda
Sales,
Closiu
B-§?| B-&?&
'Pas:'. T'-sS:.
'If:? "^S-l
l-S?
l^o
S.^?
P-.—
»r§
"^sy
s-^a
(in-o
:
»
&
"Ta
«•
r:
:
ft.:
:
50<ImC
h^obi-i^
FJo'odS
Socia
60
6o
ODOO
A
ai
I
er
I
oo»o
1
•
•-J
,,j
5:
i;
«; ?
s;
1
SO
I
00
to©
M^H'5
Sw©^
a^^wi p^M^r"-?2ft
£)--llO^
"
00|f^
*."
I
fcClOc
MCO
_,>io
1-J
I
@c>
too
coto
I
®;c
too
I
Sto
HMO
tOM
to to
6«
So
HO
so
I
I
to to
tOM
©00 ta
So>
MM^
to to©
MtOM
I
S.-J
I
to to
tot*
to to
CJICJI
fsS
cJicj"©
coco
MOtO
I
I
QDCJtCj
Sno
I
OlO
to to
do
So
»1<1m
(OCOm
HMO
toto5
MMtO
Sto
cji-i©
fBO
I
coot©
to to
to to
I
'
I
to too
-j-j©
OH
to to
to to
out
citc^
MO
coco
9-J
to to©
HHCO
I
to
to
to to©
do©
s.^
©Opoi
S-1
OiO
to too
Ifclli©
Sm
CJtrfl
to to
I
coco
wo
coto
CO 00
*jd
Ol^
MMa
to to©
«i-i©
I
S«
00©
to to
do CD
ao
I
S
tOWo
obo©
I
S.'
dd
s©
ooo
too
<iobo
dbotjO
coto
to to
tc.tp
to to
dco
ccc
dob
GCQC
dco
c;i<l
i^c;t
coco
Jetterson, Tex...
S
HHOD
WCOo
to
toto^
OtOo
It^
tOC3o
§8°
I
to 10
coco
o6
I
^
COCOo
©6c>
QDOS
1
I
I
too
to
S
too
©CO
dco©
OH
cd©
OiCO
coto
to to
to to
Of-
c;ico
©6
MM
1
^i-'
I
COCOo
borao
6©o
>faO
I
^
to:o
CO
I
s
I
I
.
SUreveport, La..
Vlcksburg, Miss-
Columbus, Miss.
Eufaiila, Ala
cbocO
Ga
Ga
Rome, Ga
Griffin,
Atlanta,
to to
<c-cc
I
to
CHwT
Charlotte, N.
^y
*~'^co
CO©
6©o
I
C.
Mo....
Cincumati, O
St. Louis,
to
too
oo<
I
9,495
6,382
2,697
5,197
4,453
19,639
4,430
814
1,410
3,076
7,023
2,401
2,673
2,153
7,609
6,293
1,717
17,235
14,778
Total, old ports.. 119,535
I
Newberry, S C.
Kaleigh, N. C...
I
1
I
s?
I
« Includes sales in September, 1881, for
t)ei--Octobcr for October, 416,400.
September, 314,000
Transferable Orders— Saturday, 11-75; Monday, 11'80;
11-75; Wednesday, 11-85: Tlmrsday. 11-90; Friday, 11-80.
Short Notices for November—Monday, 11-74S11-70;
11-70; Wednesday, ll-G5®ll-72.
The
following exchanges have been
-22 pd. to eicb. 200 Dec. for Jan.
20 pd. to cxcb. 100 Jan. for Feb.
•22 i)d. to excb. 100 Dec. for Jan.
made dnrirg
;
Septem-
Total,
Tuesday,
Total, all
the week:
•GO pd. to excli. 2,000 Doc. for Mar.
•10 pd. to exoh. 100 Jan. for Feb.
Thb
Visible Supply of Cotton, as made np bj cable and
is as follows.
The Continental stocks are the flgures
©f last Satniday, bnt the totals for Great Britain and the afloat
for the Continent are this week's returns, and consequently
telegraph,
brought down to Thursday evening; hence, to make the
totals the
complete figures for to-night (Nov. 18), we add the item of exports
from the United States, including ia it the exports of Friday only:
1881.
Btockat Llvetpool
Btook at Iioadon
baie«.
Total Qreat Britain atook
Btook at Havre
Btook at Marseillee
486,000
42,200
.
528,200
147,000
,
3,59(>
1980.
442,000
47,300
489,300
69,700
7,640
1879.
1878.
297,000
55,371
250,000
34,250
352,371
82,310
284,250
97,500
2,500
809
new
Tuesday,
ports
836
2,336
7,-203
1,132
2,761
2,180
4,571
5,281
1,717
11,265
16,126
Block.
26,841
21,119
8,876
10,677
10,804
68,477
13,364
5,476
1,230
10,317
9,547
8,270
2,037
4,744
26,011
12,791
this
week have been
Week ending
A'op. 19, '80.
Receipts. Shipm'ls
9,006
5.417
2,666
4,395
4.451
22.846
3.S05
2,250
1,300
2,452
6,103
1,018
2,030
2,055
5,0-?0
6,853
6,800
1,813
19,197
12,372
93,185 300,758
114,676
1,185
3,953
1,320
1,122
700
58.624
677
4,137
1,795
1,816
1,590
3,200
944
556
16,361
16,121
3,503
3,757
5,562
3,484
1,964
19,996
27,352
25,157
38,948
Branhiiui.Tex...
Houston, Tex
6.975
4,830
4,272
4,679
3,920
12,803
3,889
1,309
700
retorsbiirg. Va..
Louisville, Ky .
Little Rock, Ark.
s
1
18, -81.
700
.
CO©
336.500
Receipts. Shipm'ls
Augusta, Ga
Columbus, Ga...
00 00©
Oit>
too
to
365.036
Week ending Nov
-^cri
I
334.991
1,994,995 1,953,709 1,610,187 1,522,97a
to to
to to
coco©
COO
§ 8
dcjt
Macon, Ga
Montgom'ry.Ala.
Selma, Ala
Memphis, Tenn
Nashville, Tenn.
Dallas, Texas. ..
66©
too
tcco
Sm
418.240
43,25*
108.000
25.000
figures indicate
S."
"Ui
to to©
I
to
1
J>*©
I
126,000
34.250
—
tcto
-j-jo
SCO
feOtOc
OtOo
I
'HtO
112.000
55,371
82,137
69,055
46,473
statement:
to to
dd
to to
I
126.000
47.300
79,691
45,000
37,000
At thb Imtbeiob Ports the movement ^that Ls the receipts
and shipments for the week, and stocks to-night, and for the
corresponding week of 1880 is set out in detail in the foUowiug-
to to
co*^
-jd
SCO
HH-o
to too
Oic;t
122,000
42,200
163,040
59,000
32,000
—
SCO
to to
I
1,994,995 1,953,709 1,610,137 1,522,972
If>t0
too
to to
00^
MOD
Sto
MMOD
to too
00 00©
tOH
811,240
59,000
364,000
32,000
823,537
306,758
16,700
an increase in the cotton in sight
same date of 1880^
an increase of 438,012 bales as compared with the corresponding dat« of 1879 and an increase of 553,763 bales as compared with 1878.
to to
ttiT
to to
s.®
to too
I
MmOD
647.991
45,000
435,000
37.000
859.383
242,326
22,000
Total European stocks.. ..
India cotton afloat for Europe.
mer*n cottos afloat for Eur'pe
Egypt,Brazll,&c.,afltforE'r'pe
Btook in United States ports .
Stock in U. 8. Interior ports..
United StBtes exports to-day.
to-night of 124,535 bales as compared with the
I
dd
CO 00
SS
to
to to
•2
«o
c©
00 CO
170.25»
475,508
69.055
538,785
46.473
605,404
218,998
21,000
The above
l^-tO
00 CO
to to
123,137
lt^~The imports into Continental ports
cjtdo
»oto
to to
158,691
27,300 bales.
UICO'^
to
283,040
29,7.50
• Our cable states that Barcelona stock is reduced to 32,100 hale*,
through an error discovered on reconnt of stock.
too
to©
to to
I
Total oontlnental ports....
8,00»
3,50O
13,250
2,413,235 2,288,700 1,975,223 1.855,472
Total visible supply
6%d.
5»Bd.
bSud.
67i6d.
Prloe Mid. Upl., Liverpool....
to to
to to
I
2,778
6,750
2.750
6.250
Tot*l East India, <ko
Total American
sip
,uO
I
14,870
15,000
3,230
SCO
M©
?©
do
to
-^OJCJ
1
35.800
2,500
24,000
8,930
2,390
981
6,750
Egypt, BrazU,&o., afloat
coto
Cn~1
I
Sen
MMO
to too
05 CC
03tO<1
to*
uto
1878.
1880.
32.100
16,000
52,200
15.500
1,450
2,300
1 2,900
Total American
Satt Iiutian.Brasil, de.—
Liverpool stock
London stock
Continental stocks
India afloat for Europe
tOM
dto
to to
©M©
mmO
OP CO
toco©
mo:
to to
obccO
I
wcoO
cJiu?
iS8
o
to too
orttp
S.M
to too
00 <l
en CO to
to to 03
tocio
I
0®K)
l-'l-'M
ab6o
<i0D
pf'CC^
ooo
CO
to to
to
k-Om
MMoo
cow
<llOto
Soo
HMtO
to top
OWto
00 00
1879.
2.340
1.800
1881.
at Barcelona*
bales.
Stock at Ham Durg
Stock at Bremen
Stock at Amsterdam
Stock at Rotterdam
Stookat Antwerp
Btook at other conti'ntal ports.
BtMk
2,413,235 2,288,700 1,975.223 1,859,472
Total visible supply
Of the above, the totals of American and other descriptions are aa folio we r
American
124,000
364.000
185,000
LlTerpool stock
127,000
41,000
Continental stocks
120,000
538,795
478,000
American afloat for Europe.... 304,000
8-23.537
605.404
586,481
United States stock
218,998
188,491
United States interior stocks.. 306.758
21,000
16.700
19,00O
United States exports to-day..
00 <1*
10
to to
S5
xxxm.
—
MMcp,
to 10
8
^fr-cop
si;-'
tOOD
<no,t>.
CDCi,-.W
^<1
Qtxj
SO
MM©
oio
01 cn
MM
"^i
18^
o
I
roko
6©
-
«:
'^'
-105
aoco
*
•
S:
f
1
H-J|-*M^
I
Prices
rvoL.
1,261
1,380
1,939
146,887 123,342 345.706
This year's flgui-cs estimatcdT
850
7,407
2,619
3.297
5,819
5,020
14,472
3,818
2,247
1,340
2,520
5,827
1,155
1,903
2,322
5,309
7,281
1,779
16,568
8,782
Stoek.
19,730'
17,934
7,626
10,529-
7,657
62,733
8,525.
3,8003.4007.093.
6,453
3,ooa
3,345
3,672
18,000-
14,50a
732
35,413
8,181
99,485 242,326
1.051
429
3,800
1,283
3.091
488
850
896
5,035
610
686
1,024
28,443
26,416
2,087
27,268
37,897
31,784
39,236
152,573 134,269 281,562
The above totals show that the old interior stocks have increased during the week 21,350 bales, and are to-night 64,432
bales more than at the same period last year. The receipts at
the same towns have been 4,859 bales more than the same week
last year.
—
Keoeipts feom thb Plantations. The follovring table is
prepared for the purpose of indicating the actual movement each
week from the plantations. Receipts at the outports are sometimes 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 add
that these figures, of course, do not include overland receipts Or
Southern consumption; they are simply a statement of the
like the following.
weekly movement from the plantations of that part of the crop
which finally reaches the market through the out-ports.
NOYBMBER
THE (JHRONK^LK.
10, 1881.J
RBOBIPTS raUH fLANTATIONI.
Retttpti at
8«pt. i
...
8...
la
..
t3...
30....
Oct.
"
7...
Stock at lnttr^nr
PorU lUe'pltfTam PUmfnt.
1879.
lt»0.
1881.
a5,«M
T«,»33 10«.(M6
II8.068
9.596
i4.sas
88.<«e
81.770
SO.Ml euti
48,729
70.818
1880.
13,l>80
48,983
aSMi
laSL
1«,2I'M g«.NO| 4s.eoi
3S,0I8] 64.8«7| 7*,10e
B9,i)n| 82.8e«|ii8.*ae|iM.iM
tsr.TW iaa,4i3 110.438 40.774 ei.oov 87,'.9I U4,IW7| IM.SIM :!W,499
i«9.ao> i78.«ai tsa.aM 5i.207 78,735 103,334 17.1.7S0 1H0.947 irO.S'B
N 2^3,441 1W.449
isa,408 IW.OM ITO.SIO 88.0131 103.061) 138,973
Rl,^'^7|l8l.al»l8».lee
H 229.176 2SI.942
:81,T14 8I0.8«7 !8S.0n)
88...
iU,4aL 888.841 i84,».1> 93.80! Ii8,785 186.006 320.827 »!7.8I I 211.407
»u.ai3 9S1.880 803.841 llJ.736il7»,d78 818,100 8ia,8ae.8S],74i 9«e.«o«
U5.0ST iSl.TOS 8ie,s8a 183.00i{404.T9» 881.M8 243,8S7l2ri«,8SI 9S3.473
4...
II...
18.
.
CM).ai« 21&,a4]l 884,480 187.128 88T,18S 286.408 873.437 338.218jS64,8*0
S18,4a« Me.818 8M.S37 218.l>98's48.8as 306.7B6 8SO,880I871.809 848.187
The above statement shows
1. That the total receipt.s from the plantations since Sept. 1 in
1881 were 2,102,^*60 bales; in 1830 were 2,335,907 bales; in 1879
were
2,0!>7,.')43
bales.
That, although the receipts at the ont-portfl the past week
were 224,837 bales, the actual movement from plantations wa.i
246,187 bales, the balance goinij to increase the stocks at
La-st year the receipts from the plantathe intflrior ports.
tions for the same week were 271,809 bales and for 1879 they
were 259,280 bales.
3.
—
We-Ither Reports bt Telboraph. Generally, dry weather
has prevailed in the greater portion of the South during the
past week. Picking has made good progress, and in Texas, our
correspondent says, is nearly finished.
Oalceston, Texas. It ha.s been showery on one day of the
past week, the rainfall reaching thirty hundredths of an inch.
Picking is approaching completion everywhere. The thermometer has ranged from 56 to 68. averaging 67.
Indianola, Texas. We had showers on two days the early
part of the past week, but the latter portion of the week has
been pleasant and clear. The rainfall reached eighty-one hundredths of an inch. The roads, though still in bad condition,
Average thermometer 73, highest 81 and
«re improving.
—
—
—The weather
has been warm and dry during
Picking is nearly ended. The thermometer ha.s averaged 65, the highest being 75, and the lowest 51.
Brenham, Texas. We have had warm and dry weather during the past week. About all of the crop has now been secured.
The thermometer
It is claimed that the top crop is a failure.
has ranged from 52 to 75, averaging 62.
New Orleans, Louisiana. It has rained on two days during
the past week, the rainfall reaching one inch and seventy -five
hundredth!!. The thermometer has averaged 65.
Shreveport, Louisiana. The weather during the past week
has been generally fair and warm, with no rain. The river has
The thermometer has ranged from 40 to 70,
risen two inches.
averaging 64.
Vicksburg, Mississippi. The early part of the past week
vre had rain on two days, but the latter portion of the week has
been clear and pleasant. To-day is a regular spring day.
Columbus, Mississippi. We have had rain on one day
during the past week, the rainfall reaching one inch and eightyeight hundredths. The thermometer has averaged 64, the highest being 74 and the lowest 51.
Little Rock, Arkansas. It has been clear on five days of the
past week; the remainder of the week has been cloudy, with
rain on one day, and it Ls raining at the present time. The
rainfall reached sixty-two hundredths of an inch.
The thermometer has ranged from 36 to 66, averaging 52.
Nashville, Tennessee. We have had rain on two days of the
past week, the rainfall reaching thirty-sii hundredths of an inch.
It is claimed that iu some localities the second crop will mature,
but the majority of planters think that it will not, as a general
thing, amount to much. The thermometer has averaged 50,
ranging from 35 to 68.
Mobile, Alabama. It has been showery on one day of the
past week, and the balance of the week has been pleasant. The
rainfall reached eighty-eight hundredths of an inch.
Picking
is making good progress, and it is believ«d that about all the
crop has now been secured. The top crop will be poor. Average
thermometer 63, highest 76, lowest 48.
Dallas, Texas.
Madison, Florida.— Th« weather has bwn
ing
all
the past week.
—
of the past week.
It ia
ha.i been marketed.
The thermometer baa aveiged
ranging from BO to 76.
Macon, Georgia.— 'We have bad no rain daring the pMt
week. The days have been warm but the nighta have been cold.
Average thermometer 57, higbeat 75 and loweat 41.
Columbus, Georgia.— It has rained lightly on one day of the
past week, the rainfall reaching twenty-fire bandredtha of an
inch.
The thermometer has ranged from 58 to 73, averaging M.
Savannah, Georgia.— It haa rained on two days the Mat
week, and the remainder of the week has been pleasant. The
rainfall reached fourteen hundredths of an inch.
The thermometer has averaged 63, the highest being 79 and the lowest 48.
Augusta, Qeorgia.—The early part of the past week we bad
light rain on three days, but the latter portion has been pleasant
and clear. The rainfaU reached seventy -six hundredths of an inch.
Crop accounts are less favorable. Several weeks ago the reports
from the top crop were good, but subeeqaent accoants state
that, with few exceptions, it will be a failure, amonntinf to very
little if anything at all.
Picking is very near over in this section.
Planters are marketing their crop freely.
Average
thermometer 58, highest 81, lowest 43.
Atlanta, Georgia. Telegram not received.
Charleston, South Carolina. It has rained on one day during the past week, the rainfall reaching ten hundredths of an
inch.
Average thermometer 62, highest 77 and lowest 48
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3 o'clock
63,
—
November
17, 1881,
—
and November
—
—
—
—
—
yot. 17, '81. Xot. 18, '80.
Feel. Inch.
feet. IneA.
3
12
8
20
10
11
5
«
7
7
10
6
8
10
25
MlaslDs.
Below Mgh-water mark .
Uernphle
Above low-water mark...
Nashville
Above low- water mark .
Bhrevcport
Above low-water mark...
Vioksbure
Ab»ve low-ivater mark...
New Orleans reported below high-water
.
mark of 1871 until
the zero of gauge was changed to high-water
mark of April 15 and 16, 1874, which is 6-lOths of a foot above
1871. or 16 feet above low- water mark at that point.
9,
1874,
when
PicKiso Season.— According to the Cotton Exchange reports,
the picking season closed last year, and will close this year, as
We take the dates from the November reports for the
follows.
two years. The probable date on which picking will be finished
is
stated below, with the previous year's date for comparison.
1881.
1880.
November 20
December 1
Norfolk E.vcliangc—
Nortli t'aroliiia and Virginia
Cliarlestou Exchange
South Cai'oiina
.
Nov. 15 to Dec.
Savannah Exchange-
December
December
Georgia
Florida
Augusta Exchange—
Georgia
Mobile Excliange—
Alabama
Orleans ExchangeLouisiana
Mississippi
Arkansas
Galveston ExchangeTexas
—
Memphis ExchangeWest Temii'sei!
North Mi.<3i.s.sippi
Ark.ansas
1
1
December
1
Early In December
December
1
Nov. 10 to 15
Nov. 15 to 30
Nov. 10 to 20
Nov. 15 to Deo. 1
DecemlKsr 1
December
Mi88issipi)i
New
1
Nov. 10 to 15
December 12
Decenilier 20
December 20
November 15
Doc. 1 to Jan. 1
November 15
November 15
November 20
December 7
December 8
November 15
November 20
North Alabama
DeoemlMsr 10
DeccnilMT 17
—
The St. Louis Cotton Exchahoe. No Cotton Exchange appears to be more flourishing just at present than the one at St.
Louis. The members are now about to move into their new and
elegant quarters, and feel quite pleased, as they have a right
to be, with their condition, 8o greatly improved in every way. It
seems that the directors advanced the price of membership
after the first of next January from ?nOO to |1,000, and the result of this was a large addition to the Exchange, the nnmber
being now 300, against 130 a year ago. This makes the St.
Louis Exchange the largest interior Exchange, and the third,
we think, as to membership, in the country.
EiXMOs'd AsNiAL Cotton Rbpobt.— This very valuable and
useful report will be found to-day, in our editorial columns.
Aqkicultubal Depabtmbbt'9 Crop Rbpobt.—The following is
the statement of the Department issued this week as to the
Montgomery, Alabama.— It rained severely on one day the cotton product this year
The returns of November
earlier part of the past week, but the latter portion has been
clear and pleasaat. The rainfall reached eighty-one hundredths
18, 1880.
New Orleans
—
—
cold and dry darbelieved that aboat 90 p«r e«nt of
the crop
Sept.
lowest 55.
all of
It is believed th»t aboot twu-thlrda of the nop hM
been marketed. The thermomet«r ban areraced 59, and tk«
rainfall has reached oae inch and eighty-«igbt handrndtba.
pleaKaot.
14...
KOT.
•
tM PnrU.
1881.
18T8.
565
1 from the ten principal cotton
growing States give an indicated yield per acre considerably
of an inch. Planters are sending their crop to market freely. less than last year. The drought, which was the caase in all
sections, was the most severe in the States west of the HiaaiaThe thermometer has ranged from 45 to 73, averaging 69.
sippi River, and the reported decrease in those Statea ia 88 per
Selma, Alabama.— Vfe had rain on one day the early part cent in Louisiana, 40 per cent in Texas and nearly 60 per cent
of the past week, but the balance of the week has been clear and in Arkansas. North Carolina, on the Atlantic ccast, makes x
THE CHRONICLE.
:6t>
return of 30 per cent less yield than in 1880. South Carolina,
G-urgia and Mississippi report a better condition, and the prospects are for a crop not much below that of last year la those
Florida reports a decrease of 15 per cent, Alabama an
State.s.
increase of 13 per cent, Tennessee a decrease of 42 per cent.
Virginia is not included as a cotton State, its product being
The weather is reported as having been favorinsigniiicant.
able during the month, and the prospect of a fair top crop vras
good.
The Department appears to indicate that the above figures
"
are to be modified in case the " prospect of a fair top crop
holds good. If, however, we accept the above as the final
averages, they seem to point to a yield of about 5,358,000
Chaeleston and Memphis Cotton Exchange Reports.—"We
publish below, in full, the reports of the Charleston and Memphis departments, received too late for last week's Chronicle.
Ch.irleston
Department
South Carolina, and is prepared and issued tiy the
CliarlcstouCottouExcliange, tlirough tUcir Committee on Information
and Statistics, composed of A, Nordeu, Chairman, E. Willis, and E. C.
cover-s the Slate of
Williams.
South Carolina.
October 30.
—52
replies
from 26 counties
;
average date
many localilies,
In
m
West Tennessee.— 32 responses.
Weather— AM report the weather during the mouth of October as having been gencrallv favorable for picking. Compared u-ilh ISSO— AU
report more favorable, J>-os(— 3 report no frost; 29 report frost, but no
Picking frojeess— Responses indicate that 85
per cent of the crop has been picked, and that iilckingwill be completed
average date Nov. 15th. I'iclrl pa- Acre— The
20th,
from Nov. 1st to
average yield is estimated at 364 pounds of seed cotton per acre. Ytetd
Estimates
range from 25 to 57 per cent less than
u-ilh
1880—
Compared
1880, averaging 51 per cent less. Damage' by Worms, Hiisl, Hol and
above
causes
estimated at 2 per cent.
from
Wonn*— Damage
done.
North Mississippi.
— 25 responses.
;
North Arlsansas.— 28 responses.
Wealher—Ml but three correspondents report the weather during the
past month as having been generally favorable for picking. Compared
uiWi 1880—25 report more favorable .ind 3 less favorable. Fi-osl—-2
report no frost 26 report frost, but no damage has been done. Picking
Prom-Ms— Resnonses indicate that 77 per cent of the crop has been gathered; average date of completion, Nov. 20th. Yield per Acre—The
average yield is estimated at 372 pounds of seed cotton. Yield compared
vith 1880— Estimates range from 40 to 80 per cent less than 1880,
averaging GO per cent less. Damagcby Worms, Rust, Rot and Storms—
The damage from above causes is estimated at 4 per cent.
;
Aggregate—85
the
generally
report more laTorable and 3 less favor-
able.
3.
ie
Frost— \5 report no frost and 70 report
frest,
but the damage done
immaterial.
4. Picking Proaress—"Responses indicate that 82 per cent of the crop
lias been picked, and that picking will be completed from November 1
to December 10, average date Nov. 17.
5. Yield per Acre—Tlie average yield Is estimated at 372 pounds of
seed cotton per acre.
6. Yield compared with 1380—Estimates range from 26 to 80 per cent
less than 1 880, averaging 52 per cent lesis.
7. Damage by Worms, Rust, Rot and Storm*—Damage from above
causes is estimated at 3 per cent.
—
458,478
968,31-
1878.
1.
1877.
333,643
888,492
283,848
639,264
Totalyear 1,219,901 1,426,796:1,2:2,135
978,112
678,959
Sept'mb'r
October.
422,057
827,849
Pero'tage of tot. port
receipts Oct. 31...
21'29
24-43
21-99
15-62
1876.
236,868
675,260
912,128
22-59
This statement shows that up to Oct. 31 the receipts at the
year were 176,890 bales less than in 1880 and
27,771 bales more than at the same time in 1878-79. By adding
ports this
we
above totals to Oct. 31 the daily receipts since that time,
an exact comparison of the movement
shall be able to reach
for the different years.
1881.
1880.
"
3....
"
4....
"
5....
29,104
27,151
35,933
40,236
31,603
"
6....
S.
Nov.!....
" 2....
"
8....
" 9....
"10....
" 11....
12
"13....
" 14....
" 15....
" 16....
" 17....
" 18....
**
46,365
34,304
40,389
33,500
38,169
29,130
46,514
37,897
33,538
41,655
55,664
29,921
S.
S.
40,193
35,842
31,966
26,133
51^779
33,451
36,748
35.GG9
41,244
25,136
56,910
49,862
41,557
31,535
31,094
8.
30,704
S.
1877.
1878,
1879.
Tot.Oc. 31 1,249,906 1,426,790 1,222,135
978,112
27,243
21,848
46,140
38,310
30,90-2
29,682
49,319
23,562
8.
46,584
32,849
32,278
36,503
43,440
35,631
8.
30,964
27,396
23,330
34,808
43,978
27.281
8.
678,959
31.773
29,165
33,775
B.
44,314
31,771
35,213
22,037
34,522
22,876
8.
32,833
33,448
24,002
22,793
35,647
26,421
38,465
39,097
8.
53,835
26,945
28,463
32,005
28,026
31,603
23,170
8.
8.
1876.
912,123
28,119
35,041
32,587
26,392
B.
44,599
37,082
35,431
27,963
40,324
27,149
B,
56,348
29,215
34,892
29,611
32,724
27,890
Total
1,831,637 2,053,405 1,780,031 1,413,824 1,165,282 1,457,525
Percentage of total
36-09
31-79
34-94
26 591
3560
port rec'pts Nov. IS
This statement shows that the receipts since Sept. 1 up to
now 221,768 bales less than they were to the same
day of the month in 1880 and 51,006 bales more than they were
to the same day of the month in 1879. We add to the table
the percentages of total port receipts which had been received to
November 18 in each of the years named.
Indu CorroN Movement from all Ports.—The figures which
now collected for us, and forwarded by cable each Friday, of
are
the shipments from Calcutta, Madras, Tuticorin, Carwar, &c.,
enable us, in connection with our previously-received report from
Bombay, to furnish our readers with a full and complete India
movement for each week. We first give the Bombay statement
tor the week and year, bringing the figures down to Nov. 17.
BUMBAT EBOErPTS AND 8HIPMBNTS FOB POUR TEARS.
Shipments
Weuthei
Compared with 1880—82
1879.
95,272
583,637
responses.
the weather dm ing
— All but three correspondents report
favorable for picking.
month of October as having been
2.
1881.
1880.
to-night are
Weal?ier—A\l report the weather during the month of October as having been generally favorable for picking. Compared with 1880-All
report more favorable. Frost— 10 reiiort no frost 15 report frost, but no
damage has been done, ricking Progress— Responses indicate that 85
?ier cent of the crop has been picked, and that picking will be completed
com Nov. 5th to Dec. 10th, average date Nov. l.ith. YieldperAere—The
average yield is estimated at 380 pounds of seed cotton per acre. Yield
Compared with 1880— Estimates range from 25 to 70 per cent less than
1880, averaging 45 per cent less. Damage by Worms. Rust, Kot and
Slorms—Oamasc from above causes estimated at 3 per cent.
1.
Tear Beginning September^
Monthly
SiCeipts.
" 7....
Memphis Department
eovers the Slate of Tennessee west of the Tennessee River, and the folMississippi: Coahoma, Panola, Lafayette, Marshall.
lowing Counties
De Soto, Tunica, Benton and Tippah, and tlie Slate of Arkansas north of
River.
The report is prepared and issued by tlie Memphis
Arkansas
the
Cotton Exchange, through their Committee on lufoi-mation and
Henry Hotter, Secretary and Superintendent
of
composed
Statistics,
W. B. Galbreath, Chau-man, David P. Iladdeu, William Bowles, Sr.
T. Petit, R. L. CoSln, 0. B. Clarke and O. S
H.
Latham,
J.
George
Maclareu.
damage has been
—
Comparative Port Receipts aijd 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, 1881, has been as follows:
A
to the
All report the character of the we.ather during October as very favorable, and iu comparison with the same time last year more favorable for
fathering the crop. No frost damagiug the crop lias occmred anywhcie.
hirty -seven estimate that 85 per cent of the crop is picked and that
picking win be tinished by about Kovember 15tli; tifteen report 70 per
cent picked and picking to finish by 1st December, The estimates of
the yield of seed cotton per acre vary from 200 pounds to GOO pounds
All report a smaller yield per acre than last year; the percentage of
decrease being estimated by 6 at 10 per cent, by 16 at 25 per cent, by 18
at 33 percent, and by 12 at 50 per cent, the avera.ge of all showing
about 30 per cent decrease. Many report damage to the late crop by
worms. Several correspondents mention that the exceptionally fine
weather and .absence of frost during October have brought to maturity a
great deal of late growth which one mouth ago was not counted on, and
with a late frost an addition to the yield from the top crop is expected
XXXIII,
[V^OL.
Tear
this week.
ContiBriVn. nent.
Chreal
Total.
Sh ipments since Jan.
ContiOreat
Britain] nent.
1881, 10,000 3,000 13,000 333,000'569,000
2,000l3U2 ,0001505.000
I88tf 2,0001
l252.000l360.000
1879
1,000 l,000|321,000i396.000
187»
1.
Total.
Rceelpls.
This
Week.
Since
Jan.
1.
902,000 15,000 1.239,000
867,000 6,000 1,118,000
012,000 4,000 842.000
717,000 5,000 8S7,0pO
AccordiQg to the foregoing, Bombay appears to show an
increase compared vrith last year in the week's receipts of 9,000
bales, and an increase in shipments of 11,000 bales, and the
shipments since January 1 show an increase of 35,000 bale*
The movement at Calcutta, Madras, Tuticorin, Carwar, &c„ for
Bagging continues to rule quiet
an easier feeling among sellers, and prices are tend- the same week and years has been as follows.
ing in buyers' favor. A small trade for jobbing wants is reeALOnriA, MADRAS, TirriCOEW, CARWAK, RAMOOOS ASD KCRR.V.CHBE.
ported, and the orders are being filled at 9c. for l^^lbs., 10c. for
21bs,, and lie. for standard grades.
Butts have become more
Shipments since January 1. _
Shipments this week.
active, and considerable business has been done, mostly for
ContiYear,
Oreat
ContiChreal
future delivery, though a few sales are reported of parcels on
Total.
Total.
nent.
Britain.
nent.
Britain.
spot. There nave been sales during the week of some 5,000
295.000
bales on spot at 2%e. for paper grades, and about 15,000 bales 1881
79,000
216,000
11,000
11,000
292,000
84,000
208,000
•spot and to arrive, mostly of bagging quality, at 2%c.
The 1880
313,000
109,000
209,000
market is veiy firm at the close, and seflers are'quoting 2?4c, for 1879
2 1 ,000
70,000
141,000
i.obo
i',6o6
1878
paper and 2J^@3c, for bagging descriptions.
Jute Butts, Baooino, &c.
and there
is
1
NOVEMBRR
THE CHRONICLE
10, 1891.]
week show that the movement from
totals for this
The above
ports other than Bombay Ls 11,000 bales more than same
wf I'k last year. For the whole of India, therefore, the total shlpineiit.-i this week and since Jan. 1, 1881, and for the oorrespondlnir
weeks and periods of the two previous years, are as follows.
BXI-ORTS TO BOROFE FROM XLL INDIA.
1880.
18!il.
Sh iumeni*
lo all
Europe
from—
Since
Ihit
from—
Jan.
ureele.
Boubay
Jan.
902,000
2a5,000
2,000
2^,000 1,197,000
2,000
13,000,
,
11,000
All otUer p'rU.
Total
aince
Til it
week.
1.
930.000
—
ALE.XAXDRU Receipts and SHiPXErma. Through arrangements
we have made with Messrs. Davies, Uenachi & Co., of Liverpool
and Alexandria, we now receive a weekly cable of the movements
of cotton at Alexandria, Egypt. The following are the receipts
and shipments for the past week and for the ooi responding week
of the previous two years.
1391.
Nop. 17.
1979.
1880.
|
Ainc*
8*iit.
1.
PhUadelphla.
Thii
wetk.
BaUimor*.
Hinte
Thit
wefk.
I
\llepl.\.
Hinct
lUipt.
7,11,
11)024
3.til3
18,01S
33.821
24,341
2,223
This year. 43,630 330.291.10,276
03.101
Last year. 44,453 3.V2,O13|l7,20.'i
70,833
452
7,569
i.niu
7,811
fll.Siil'
4,700
19,300
4.19S
11, -I'll
1.443
,'
.
801
.
fm
SIO
10,::
57,"
1.
J(o.
1,327 13,00!i
2.133
7,330
6,2«0
30,061
ei'i
4,a7»
3
11.914
03,500
1,1
11,120
76.097
03
9,633
Skippiso Nbws.—The eiporti of cotton from the United
States the past week, as per latest mall returns, have reaobad
102,318 bales. 80 far ai the Soathem ports are concerned, these
are the same exports reported bv telegraph, and published in
the Chroxiclb last Friday. With regard to New York, we
include the manifests of all vessels cleared up to Wednesday
night of this week:
Sbw York—To
Liverpool,
Alaska, 063..
per
Brltaiiiilc.
steamers Adrlallo, 747....
400...K!?ypt. 601... Bey thin, 116
2,672
To Hull, per steamer Komaiio, 200..
To Havre, per steamer France. 004
To Hromeii, per steamers (ieneral Worder, 430
Oder, ISO
To Hamburg, persteaumr I'ohenania, 358
To Antwerp, per steamer Belgeulaad, 349
To Meaiterranoiiii poru, per steamer Washington, 2QO
Usw ORLBAN8—To Uvoriiooi, per steamers Catalan, 3,000....
200
004
03O
358
340
200
'.'.'.'.'.'.
Reoeli>ta (cantara")—
This week
Bigoe 8ept. 1
200.000
937.550
TMt
1*0.000
775,500
Since
week. Sept.
I
TMt
1.
Exports fbalea)—
To Liverpool
To ConUiieut
Total Enrope
•
A.
oautar
is
93
13,000
4,580
48,500 16.000
19,261 7,010
47,000 13.000
12,514; 10,379
117.580
67,704 23,010
59,514 123,379 115.443
!
!
81.606
33,937
lbs.
This statement shows that the receipts for the week ending
Nov. 17 were 200,000 cantara and the shipments to all Europe
were 17,580 bales.
Uakchester Market.
to-night
states
shirtings,
that
—Our report
prices
are
received
firm
from Manchester
twists and
bath
for
and that the market is fairly active. We give the
and leave previous weeks' prices for
prices of to-day below,
comparison:
1831.
32<
Cm.
TwitC
d.
Sep. 16
" 23
" 30
Oct. 7
" 14
" 21
" 29
Nov. 4
" 11
" 18
A.
j:
91a'
S^ga
9
a 9%
13S0.
Oott'n
8I4 Ibt.
Shirtingt.
d.
5>sa7
as
8
Iwist.
d.
d.
8.
8Hi
9i«» ft\e
9i«a 9^,6
®8
9 a 91^6 6 »9
9 a 914^6 6 -33
9>e3 9^6 6 ®3
9»8a 9"8 6 6 «3
914310 JU 6 98
9>4ai0 16 " ®3 l»s
m
d.
«
9% a
914 9
OotfH
Mid.
Upldt
8I4 lbs.
Shirtings.
32« Cop.
Mul.
XTpds
d.
d.
8.
d.
d.
7S,«
7't
9>8
6 '9
9>9
6'16
633
9"4a 9%
6%
OHaio
9
9
9
67,8
6»i«
914
914
71*97 IOI3
»''9
®7
©7
9
9
O-'i
gTg
9
9
7'i«
7l.a
6i3ie
71397 9
7 97 8
9 9H
97
®3
®3
98
93
8
938
9101s
9a9»io>a
910
a 979
6%
6%
9
SI"
689
New York this week show a
week, the total reaching 5,313
bales, against 7,038 bales last week.
Below we give our usual
table showing the exports of cotton from New York, and their
direction, for each of the last four weeks; also the total exports
Thb
E.tPORTS OF CoTTox
decrease, as
from
compared with
last
and
direction since September 1, 1831, and in the last column
the total for the same period of the previous year:
BXrORTSOP COTTOS (BALES) FROM NEW YORK SISCB SEPT. 1. 1881.
Week ending—
Exported to—
Oct.
Not.
A'or.
9.
26.
Liverpool
4,892i 3,336, 5,198
Other British ports.
299
501
...
Same
Ifoe.
Total
since
16.
Sept. 1.
2,672
period
previ'ut
year.
200
76.690 107.260
2,350
2,020
79,040 109,880
ToTAt TO Obeat BsrrAiK 5,191
3,337| 5,198
2.872
Havre
2,572'
593
901
12,145
13,122
2,572
598
904
12,145
13,122
1,142
630
353
349
9,233
9,707
1,005
13,287
9.392
2.339
Other French ports.
Total Feesch
,
Bremen and Hanover
Hamburg
Other ports
Total TO North. Europe
400 1,023
1,900:
300
150
200
2,450| 1,523
Bpaln, Op'rto, Qlbralfr.Ac
All other
337
Total Bpaik, to
337
Grand Total
100
7.973, 7.932
1,212
'
1,33
20,600
200
...
200
7.038
The FoLLowiNo are the Receipts op
Eduardo, 4,900... .Explorer, 5,150. ...per shin Cromwell.
1,340,000
Thit
Since
week. Sept. 1.
Since
wetk. Sept.
1.
220,000
637
—
New
,
"^
tional)
BOSTON—To
218
3,311
Liverpool, per steamers Iberian, 1,201
Malta,
363
1,569
PniLADELPHiA— To
Illinois,
Liverpool, per steamers British King, 850.
271
-
Total
..
1,121
,
102,218
^...
The
particalars of these shipments, arranged in our osual
form, are as follows:
BreSaree- Sanlanmen <t
lona (t der <t
BamLiverHalCorVera
pool. Havre. burg. Beval.
aga, unna. Crux.
Totca.
New York.. 2,672
901
933
5.313
N. Orleans. 15,683 11,740 3,951 3,558 ...... 1,530
949 37.416
Mobile
3.445
3,445
3,300 3,330
Charleston
1.262
8,612
Savannah.. 3,858
8,433
430
12,773
1,932
Texas
1,982
Wilmington 4,204
4.204
Norfolk .... 16,733
2,000
20,230
2,311
3.192
5,503
Baltimore..
1,569
Boston
1.569
PhUadelp'a
1,121
1,121
949 102,218
Total... 53.764 12,61113,032 7.103 10,433 2,010
Included In the above totals are, from New York to Hull, 200 b ales.
and
Mediterranean
ports,
200
bale* from
319
bales,
to
to Antwerp,
Norfolk to (ienoa, 1,327 bales.
;
Below we give all news received to date of disasteis to vessels
carrying cotton from United States ports, etc.:
Nio, steamer (Br.), from Savannah via Queenstown, for Reval, waa
aground at Maliuo, Nov. 9, apparently undamaged.
Cotton freights the past week have been as follows:
Salur.
Liverpool steam d. »333
,
Do
Do
sail
Bremen, steam,
Do
sail
Do
e.
'
^M^'*
Ttte*.
•sa***
Thuri.
PH.
^Mtt^i
6m»14
»»»>«
'«•
»l.*
Wednet.
'is'
h*'
'is*
ssaT,,
^»7l«
'iaht
'is
'1*
h*
T».
'1.
•is
»l«
»i»
•l«
•l«
%
«s
%
*
H
Haht %»^s %•»,«
e.
'w
taX\...d.
Do
Do
Mon.
«.
.e.
Amst'd'm, Bteam.«.
Baltic,
'4
sall...d.
Havre, steam
1,292
York,
Boston, Philadelphia and Baltimore for the past week, ai^d
since September 1, 1881:
15,888
.'
4,«j09
per bark BerviUe, 1,585
11,740
To Bremen, per steamer Propitious. 3,951
3,931
To Keval, per steamOi' CliUwloIC, 3,558
3,V58
To Santanilor, per bark Saga, 1,530
1,530
To Vera Gnu, iicr steamer
049
949
MOBILB—To LIverpuol, peraliip Oeorso Hurlbut, 3,415
3,440
Ouarlbston—
To Liverpool, per bark Minnie Gray, 1,200 Upland
"-"" Sea Isl.'jnd
and 62
'-'.'»n(l
1,262
To Bremen, per steamer Alicia, 3,300 Upland
3,800
To Koval. per steamer Curodoc. 3,550 Upland
3.S50
Savannah—To Llverp<iol, per bark Lady Dufferin. 3,646 Upland
and 213 Sea Island
3,858
To Barcelona, nor steamer Ponca, 4,300 Upland
per bark
Falo. 1,135 Upland
5,935
To Barcelona and Slala^a, por steamer Elvira, 2,500 Upland 2,500
To Corunna, per bark Elvira Camino, 430 Upland
480
Texas—To Bremen, per bark Nadia, 1,982
1,982
WtLMiNOTOS—To Liverpool, per barks Chasseur, 1,258
Katie
Stuart. 1,416. ...Lydla, 1,530
4,204
Norfolk—To Liverpool, per steamers Castalla. 5,345
Olendovon, 5.037
Scandinavian, 2,813
per bark W. J.
Stairs, 3.553
16,753
To Barcelona, per steamer Maria, 2,000
2,000
To Ocnoa, por bark Amaiia, 1,527
1,327
Baltimoke— To Liverpool, per steamers Thauemore, 2,192...,
West Indian, (additional) 1,000
3,192
To Bremen, tier stcamera Hermann, 2,093
Weser, (addi-
Hamburg, steam.d.
537
5,313 112.322 149.312
Cotto:? at
".
2,638
To Havre, per steamers Asdrubal, 5,546. ...Fuuniel,
25,018
385
907
1.
3.U.I
1.331
rorelicn
last
Alexandria, Egypt,
Tozas
Buvunnah
Tonn..
1^9,000
TItU
•reek.
N. Orl'ans 10.7-1
Vlrnlnla..
North, ntd
statement affords a very interesting comparison of the
total movement for the week ending Nov. 17, and for the three
yeai's ap to date, at all India ports.
This
~~
M.tiar'liun
867.000
292,000
1.
I
S.Cur'lInu
Thii
week.
1.
BoMon.
I
This
Sine*
week, \8epl. I.
Mobile
Florida
1870.
rork.
Ittvi
Seeelptt
th<»
607
Ball...(l.
steam
sail
d.
e.
Compressed.
*^
THE CHRONICLE.
tm
LiVBEPOOL.— By cable from Liverpool, we have the following
statement of the week's
Xov.
Oct. 28.
week
Bales of the
that port:
sales, stocks, &c., at
77.000
8,200
5,700
60.000
5,700
14,000
509,000
399,000
61,000
49,500
202,000
161,000
91,000
9,800
4,100
71,000
3,500
4,200
513,000
410,000
73,000
6 "1.000
202,000
164.000
bales.
Of which exporters took
Of which sjieoulators took..
Bales American
Actual export
Forwarded
3?etal stock— Estimated
Of which American— Estmi'd
Total imiwrt of the week
Of which American
Amount afloat
O; which American
Nov. 11.
4.
Nor. 18.
85,000
9,100
12,500
60,000
12,000
14,500
486,000
364,000
71,000
36,500
215,000
173,000
100,000
4,400
7,600
76,000
4.200
7,300
505,000
395,000
95.000
73,000
160,000
121,000
The tone of the Liverpool market for spots and futures each day of the
week ending Nov. IS, and the daily closing prices of spot cotton, have
been as follows:
Tuesday.
Saturday Monday.
Wedties. Thursd'y.
Friday.
Spot.
Active
Market,
12:30 P.M
and
Uarden'g.
Firm.
Firm.
Steady.
6'-«
69.8
69.6
6lli8
14.000
3,000
firmer.
Mid. Upl'ds
Mid.Orl'ns
-.
Sales
12,000
2.000
15,000
2,000
12,000
3,000
Steady.
Steady.
Weak.
Steady.
058
18,000
2,000
12.000
2,000
Bpec.<feexp.
6"i6
6»16
6lii«
6'16
69l6
67l6
69i3
Tending
up.
Futures.
Market,
I
Steady.
12:30i>.M.J
Market,
5 P. M.
Firm.
Firm.
Firm.
sales of futures at Liverpool for the
below. Tliesa sales are on the basis of Uplands,
unless otherwise stated.
The aotual
same week are given
Low Middling
clause,
BATURDAT.
Delivery.
d.
Velirery.
Nov
B'lg
67ia
6 *«
Gi"32
61932
Nov.-Deo
Dec-Jan
Jan.-Pcb
Feb.-Mau
Delivery.
d.
d.
658*2132 June-July.. ..62532®?!
Mar.-Apr
ti'Sgj
Apr.-May. ..6iii6®2i32 Nov.-Deo
May-June
6-^32
Jan. -Feb
69i8
61I16
®nioa>2Jja April-May
MONDAY.
Nov.-Dec.
Dee.-Jan
Jan.-Feb
if continued for the remainder of the fiscal year will reduce
the exports for the whole period from 184,000,000 bushels in
1879-80, to about 116,000,000 bushels.
and
—
Indian corn has also been variable and unsettled rather
tending downward, however. The Bureau report, estimating
the crop for 1881 at 25 per cent, or more than 300,000,000 bushThe exports have been
els less than in 1880, had little effect.
reduced about 33 per cent since July last.
There is some realizing on stocks in store, which has enabled shippers to flUorders. To-day the market was stronger, with No. 2 mixed
closing at 68?4@69c. for December and 71c. for January.
Rye was more active early in the week, prime boat-loads sell-'
ing at $1 03M; but the market has since been dull. Barley was
also more active, and advanced l@2c. per bushel, which is maintained at the close. No. 1 Canada selling to-day at $1 15; but the
demand
6I732
..6i"32®9ie
69i8
6!>b
62I32
OSSjo
Pel>.-.Mar
Mar.-Apr
® ?i Dec-Jan
6% ffi2»32 Jan.-Feb
Apr.-May
May-Juno
esj
62I32
62^.12
June-July
May-June
JuneJuly
6i3i8
69.,
O'^jg
61'ia
Nov
Dec-Jan
Feb.-Mar
Nov.-Dec
613ib
62732
61932
Mar.-April
6%
Tdesdat.
61932S9jj Apr.-May 6 3» ® 2.135 ® ^ Apr.-May
Nov.-Dec. ..6i932®9io May-June. .61310*2532 Nov
6 =8 ® '^jj June- July ..G2732al3[5 Nov.-Deo
Dec- Jan
Jan.-Fcb
621.53 .Tan.-Feb
Dec-Jan
e^s
62I32 May-June
Fch.-Mar
eHis Feb.-Mar
Nov
.
Mar.-Apr
62333
6II18
Mar.-Apr
62-132
e^ie
61 1 ig
62332
May-Juno
6%
Mar.-Apr
Apr.-May
Nov.-Dec
Jan.-Feb
69(8
esg
Nov
6i».,2
June-July
Nov.-Dec
Jan.-Feb
April-May
61832
BSijj
Dec-Jan
Wky-Jnue
'o^'^n
6%
.
.
6^3^^-3,21^2
Friday.
Apr.-May
May-June
XX
XX
Com meal—
Western, &c
Brandv^rtne. Ac
Buckw't fiour,1001bs.
3
3
3
Wheat$1 25
Spring
Spring, No. 2
Red winter
Red winter. No. 2
White
Com—West, mixed.
West. No. 2
Western yellow..
Western white
. .
Rye
Oats— Mixed
White
®1
41
aisg
®146
1 43123)1 44>4
1 33 ®145
64 ® 69
68 ® 63%
69 ® 72
70 ® 73
98 ®1 03
44 ® 48
49 ® 53
1
1
37
32
Bai'ley
Canada No. 1
Canada bright...
40® 3 80
State, 4-rowed...
80» 3 85
State, 2-rowed...
853 4 00 Peas— Can'da,b.<Scf.
1
1
1
@1 la
®1 13
®1 05
® 90
®
The following report regarding the yield of wheat and corn
by the Agricultural Bureau atWashington
" Wheat. The average yield per acre in 1881, as shown by
our returns, is 10^ bushels, against 13 1-10 in 1880, indicating a
62632
Feb.-Mar
June-July
Apr.-May
02I32
62533
614
Apr-May
62533
6=8
6^8
6II1G
decrease of about 20 per cent, or 100,000,000 bushels, from last
year's product, which reached nearly 500,000,000. Along the
Atlantic coast the yield has not varied greatly from that of the
previous season, but in the interior and Western States there
has been a great falling off, caused by the severe winter, late,
cold spring, drought, and in several of the States insect ravages.
But while the quantity of the crop is reduced, the quality is
generally reported as very good. Corn The November returns
show an average yield of 20^ bushels per acre of corn, indicating a falling off of about 25 per cent from the crop of 1880,
Nov.-Deo
Jan.-Feb
6%
Gram.
Flour.
No. 2 spring...^ bbl. $3 50® 4 25
No. 2wluter
4 00a) 4 40
Winter superfine
4 70® 5 25
Spring superfine
4 509 5 00
Spring wheat extras.. 5 33® 5 65
do
and XXX... 5 73® 6 75
Wis. & Minn, rye mix. 6 25® 6 50
Winter shipp'g extras. 5 50® 5 35
do
and XXX... 6 00® 7 00
Patents
6 50® 8 75
City shipping extras. 7 00® 7 25
Southern, bakers' and
family brands
640® 7 25
South'u si ip'g extras. 5 75® 6 25
Rye flour, superfine.. 5 10® 5 35
June-July
Nov
O^s
62I33
following are closing quotations:
in 1881 is issued
6%
Tuuksdat.
Feb.-Mar
Mar.-Apr
urgent.
61732
61732
69i8
Wednesday.
Dee.-Jaii
is less
Oats have rather favored buyers, but to-day were steady,
with No. 2 graded quoted at 513^c. for white and 47Mc. for
mixed; and No. 2 mixed sold for future delivery at Ai%«. for
December and 50>gc. for January.
Steady.
^
Nov
exports thereof for four months, from July 1 to Nov. 1, 1881,
were 50,664,277 bushels, against 80,474,955 bushels for the corresponding period of 1880. The decrease is over 37 per cent,
The
}
fVoL. XXXIII.
:
—
—
caused chiefly by the general and protracted drought during
the growing season, and by excessive rains since the crop was
Dec-Jan
G^
June-July
62l3j®58 harvested, which have done great damage in many sections,
07^*2733 Nov
61 'u Nov.-Dec
Jan.-Feb
ii^
Feb.-Mar
68132 especially in the Ohio and Mississippi Vallej'^s.
The chinch-bug
Feb.-Mar
62I32 Apr.-May
62833 Dec-Jan
62533
has also been destructive in the same region. The quality of
Mai".-Apr
G25£2®:^ June-July
June- July
e's
62733
the crop is somewhat below average. In Wisconsin and Minnesota there is a decided increase over last year's yield, but
these are exceptions to the general rale."
To which we may add that the weather for several weeks
Friday, P. M., November 18, 1881.
There has been a better ^export demand for flour, and the past has been much more favorable to autumn-sown wheat than
home trade has been fair. Supplies have been moderate, and it was last year, and as winter approaches the young plant is in
prices of some of the leading shipping grades have
ruled a much better condition to resist its severities.
little firmer.
Still, nothing like activity or buoyancy
(From the " Seui York Produce Exchange Weekly.")
can be
noted, and some of the extremes of grades have been
difficult to
Receipts of flour and grain at Western lake and river ports
sell.
There has recently been sold a considerable quantity
of for the week ending Nov 12., 1881:
flour of low grade not strictly sound, by which
Flour,
Wheat,
Corn,
Oats,
SarUy, Itye,
the range of
bbtt.
bush.
bush.
bush.
bush.
busk.
values was considerably extended Stocks of the
most useful
(196 lbs.) (60 lbs.)
(56 lbs.)
(32 lbs.) (48 lbs.) ( 56 lbs.
Chicago
grades are believed to be quite small for the season;
40.924 209,073 1,304,063 275,062 178,897 21,470
at least Milwaukee
66,924
83,282
22,625
13,950 94,505
9,284
holders do not press them on the market. To-day
1,392
64,645
84,127
25,622 30,004
the market Toledo
48S
Detroit
9,960
81,937
was somewhat irregular, but generally without
23,416
26,267 10.857
284
decided change. Cleveland
2,235
2,100
38.300
37,850 33.200
1,100
The wheat market has been feverishly variable
Bt. Louis
33,919 121,964 209,745
57,676 113,543 11,223
through- Peoria
1,075
6.630 265,845 111,800
8,800 15,700
out the
week,
and yet prices have not fluctuated Duluth
35,500 304,540
widely. There have been repeated
efforts to force an
191,989 876,1711.948.121 548,227 475.806 59.54-/
„ Total
advance, based on
the small quantities coming
Same Ume '80. 202,839 2,579,986 1,991,575 648,153 383,533 82,344.
forward, but these efforts have been as often
Total receipts at same ports from Dec. 27 to Nov. 12, includefeated. The exand milling demands have continued quite
moderate and sive, for four years
uently, notwithstanding the
1881.
1879.
1878.
1880.
small quantities coming Hour.
.bbU.
7,857,975
5,966,159
4,949,137
5,737,414
hands of farmers, stocks are not materially
reduced
Wheat
bnsh. 50,231,990
78,005.50ff
90,073,823
74,791,498
»re was a decided exhibition
of tone and speculative' Oom
121,562,503 139,737,171
87,539,763
86,200,827
caused an advan,;e in prices of
Oata
37,388,624
28.172.242
35,605,601
28.307,593
Not
6193J
6I932
Nov.-Dec
613,,
6l3ig
I
Feb.-Mar
Mar.-Apr
g^
62533
BREADSTUFFS.
M—
•
'
dvanced
ir
to $1
44M@?1
January.
nage
552. issued
futures ; No 2
45 for December and
by the Bureau of
own that reducing the
Statistics at
flour to wljeat the
Barley
8,665,159
3,281,568
8,003,849
3,428,744
8,638,982
4,405,805
8,894.740
4,564,066
Totalgrain.... 221,130,150
261,566,863
219,034.976
205,897,33*
Kye
Comparative receipts (crop movement) at same ports front
Augast 1 to Nov. 12, inclusiye for four years:
Novkmdbh
THE CHRONICLE.
19, 1881.
1878.
Flour
WbCMt.
.bbla.
l,9JiA80
tMh.
44.(i59.a20
. .
yoru...
33.0l>8.«7ft
Ont«
...
14.M1.1S1
BikTley.
&,0(;:<.880
Kje
••^
...
00,3.^9.y2l
Total icralD...
1
15.910,380
101.707,530
04,757
08,73i,S02
Comparative BhipmenU of Hoar aad itnia from the oame
pvtw from Dec. 37 to Nov. 12, inclusive, for fonr years:
Wtent
7,70ti.4il7
4.->,385.093
(15.030,600
0<>ru
102.501).Sll
Cv.-
3l.3!),^.403
120.314.121
28.000.321
baah.
Bvkiy
Kye
1878.
5.212, Pl.-i
G,5'2-.i,9C0
74.251,524
79.772.978
20,193.187
4.0(il.732
2,0<>2.3:iU
3,001.87!>
2,770,221.
135,240,871
220.926,232
183,067.113
3.93().548
-rota) Krain ....
1879.
1880.
4,745,137
1881.
bbU.
F.oiir
3,!>79,y9.i
Rail Hhipments from Western lake
«4.007,51l
7ii,25«,412
20,145,901
4,710,815
3,581,825
168.702,581
river ports tor the
and
weeks ended
Week
1879
Week
1878.
Tfeek
Kar. 12.
Aoo. 13.
Nov. 15.
Not. 16.
bblg.
115,734
178,734
173,777
114,023
bu«h.
180,730
888,889
389,322
190,641
68,631
453,274
4H3,932
6I8,83J
160,032
101.337
325,260
301,444
287,669
282,193
101,378
212,152
121,078
16,168
1.718,713
1,767,411
1881.
»tour
Wheat
Oom
Oato
Barley
Bjn
Total
Rail
1880.
and
—
Ottsh.
bugh.
29. ..209.091
22. ..173.757
818.534
620,636
757,710
918,144
2.146.2^1
2,160,062
2,755,745
2,931,63J
Tot., 4 wkii.746.089
3.115,024
9, 999,724
0019.
»ov. 12. ..172.614
»ov. 5. ..190,597
Oct.
Oot.
1.55.648
36,414
1,106,435
732,892
lake shipments from same ports for last four weeks:
Flour,
Wheat,
Corn,
0(U>,
Btrley,
Hue.
yfetk
tnatiiff
Week
buth.
bush.
464.531
bush.
512,424
613.747
190.611 63.631
186,070 82,104
164,043 74,288
153,833 91,709
2.181.355
699,5«2 319,822
561.1.53
4 wk»'80.. 848.909 7,120,108 11, 1 3 1„506 3,776,551 692,502 424,501
Ke<:eipts of flour and grain at seaboard ports for the week
«iided Nov. 12:
Flour,
Al—
York
Wheal,
Com,
bush.
biuh.
bbls,
Hew
122.360
Jioatou
61,866
PDrtUnd
2,980
Uontreal
17.924
FhlUulelpbliv.
22,156
Baltimore
25,484
HewOrleaiiB... 13.816
. .
Total week.
Oor. week '80
.
1
Barley,
bush.
Oatt,
hush.
764,830 1,214,020
56,796 207,:;45
9,600
52,261
40,699
26,500 113,400
217,100 114,000
176,864 165,800
80,725
8,441
6,200
65,990 63,493
9(>,li.'0
72,200
16,000
2,435
12,670
266.786 1,117,537 1,811,734
354,422 3,493,292 2,712,532
Rye,
btish.
53,202
1,350
37,083
1,500
3,000
438,314 309,934 95,143
495,875 483,016 138,410
Exports from United States seaboard ports and from Montreal
for week ending Nov. 12, 1881:
Flour,
From—
Sew
Orleans.
Total for-w'k 115.405
Rye,
Oats,
bush.
bush.
71,185
24,001
2
10,653
2,840
5,948
179
Boston
Portland
Montreal
FUludclphla.
Salcimorc
Corn,
Wheat,
bbls.
ewYork
bush.
893,059
24,958
362,942
49,588
124,983
201,689
228,600
7'.).3J2
Peas,
bush.
bush.
4,122
42,763
1,205
51,283
78,190
72,995
28.000
40
20,000
1,473,289
539,3S2 55,115 120,953
74,200
Same time '80. 172.671 2 320,340 l,7iy.055 10,618 74,895 117,493
The visible supply of grain, comprising the stocks in granary
»t the principal poiats of accamalatioa at lake and seaboard
ports, and in transit by rail and water, Nov. 12, 1881, was as
loUows:
Wheat,
In store at—
ewDo.York
afloat
hiiah.
0,0;i2.35l
(est.)
782,000
12.300
,.
r.33.0S4
Albany
Buffalo
Obtoafo
3,811,817
418,171
Milwaukee
Duluth
O<wego...
Bt. Louis
Boston
Toronto
Montreal
Feoria
>M
..
166,27 i
8.404
1,374.314
293,666
l''0.000
57,865
80S.H2!!
126,370
240,2(11)
100,.">70
Rye,
bush.
41,503
332,000
233,000
91,741
71.306
29.000
114,000
14,059
373.426
83,930
26!, 317
169,225
goods adapted to the coming holiday tr«da were oon sought
for by retailers. Values remain firm on both doaieetic and
imported fabrics, and stocks of both are in excellent eonditkin,
as a rale.
Domestic Cottos Goods.— The exports of cotton goods for tb<»
week ending November 15 were 8,461 packages, of which 1,415
were shipped to China, 677 to Great Britain, 275 to Brazil, X8
to Hayti, 338 to United States of Colombia, 232 to Venezaela, 87
to British West Indies, and the remainder (in smaller parceh)
to other markets. Agents have experienced a less active demand for cotton goods, but the movement on account of iMek
orders was unusually good for the time of year, and th»
volume of business was therefore satisfactory. Prices of brown,
bleached and colored cottons remain firm, and the future of the
staple is considered so uncertain that agents decline to receiv*
orders for goods to be made save "at value" on the date of delivery.
Print cloths were less active, but firm at 4o. pla« 1 per
cent for 64x64 "spotfl." 4 l-16®4>6o. for 64x64 "fatures," and
3}6@3 9-16c. for 56x608. Prints, ginghams and cotton dress
fabrics were severally in light request.
Domestic Woolbn Goods.—There was a steady movement in
spring cassimeres, worsted coatings, etc., In execution of previous orders, but new business was comparatively light, most of
the larger clothiers having completed their early pnrchaMS.
Heavy clothing woolens were mostly quiet in agents' hands, bat
a fair business was done by cloth and dry goods jobberc.
Th»
status of the woolen goods market is very satisfactory, heavyfabrics having been mostly closed out by agents, and lightweight goods being largely under the control of orders. It is
therefore needless to remark that values are firmly maintained
on all merchandise of a desirable character. Kentucky jeans,
satinets, repellents and cloakings were severally in light demand, and selections of flannels, blankets, shawls and skirts
were restricted to small reassortments; but prices ruled steady;.
Dress goods were mostly quiet, but some fair orders for spring
styles were placed by a few of the larger jobbers for fatnr*deliveries.
FoBEios Dry Goods have been quiet with importers, and the
jobbing trade was only moderately active, save in the case of a,
few specialties required by retailers for the holiday trade, in
which there was a considerable business. The offerings at
auction were not of much importance, but fair prices were obtained for most of the goods sold. Staple fabrics are generally
steady in price and stocks are by no means excessive.
Importations or Brr Goods.
of dry goods at this port for the week
ending Kov. 17, 1881 and since January 1, and the same facts
The importations
for the corresponding periods of 1880, are as follows:
•3
a
E 5^
c
.
290.612
12»,201
81,947
75.000
80,615
68.300
46,366
3.174
482,0
75.003
^^s
5
cp
;;
;
g:
:
X
3
:
§•
:
4;998
6S6.O0O
51.187
3,337
314.163
19,119
42,000
126,073
3,265
9,917
29.303
317
!
-•
819,713
159,455
21.057,857 _.24,372.782 3.639.795 2.931.C97
21.155.954 24.95H,Ui)l 4.170.585 2.787.861
21.252.578 26,44;),09.-. 4.36.5.7(i9 2. -56 37c
•20,8.-.7.536 27.970,474 1.653 27» 2,523.(;()3
20.586,272 23.862.059 4,76'l 412 2;.".6o'.lb7
23,244,986 16,492,430 4,477,433 3,472,344
1,342,501
1,372.019
1,236,184
1.210.865
Oct.
K-t. 29. '81
Oct.
>ct. 22, '81
Oct. 15, '81
»or.
13, '80
"
i!o93'.772
552,385
•
I
I
•
OOGO^IOU
O0DA.iCkW
S t: A
a
CO
O
»• K X — ;^
^-oeostsjo
— U — Uli
- CO
X ap
I
-.-i
K; C»<
tOM
l^tO
QI5M
jo:;*
iCO
CSwi;4Wt-
•
I- CO
O CO
cow
-^1
-'J •
- '—oboVi
j
week, and its main features are unchangei. Agents representing domestic manufacturers continued to make important
deliveries of cotton and woolen goods, shirts and dra vers, &c.,
in execution of b.ack orders, but the current demand was chiefly
of a hand-to-mouth character and moderate in the agg.egate
51
*^ :0
1
2:
5^
.•J.
!
WW
OGSOD-t
I
"*-'j<'j-i
—
wtcio— p>
w
o;
aco'ij^to
o — t&oro
UOOCJtOCO
00*
tSi^
i
CO
10
I
ascs
I
cccoc;»eoro
X
>i
-
O-J-CC^CO
3
^
'b
Wil-QDO^
j
all
\>3
i
,"11
e^^AW
Ci^rtUO
•0
sttOw>:;t^
M
M op
I
I
«,
w^-iu*.
-ji
'Of-
^ WW
S o5
03
-1
5'*s-
i\^t
V
5^ n
"rouuis ^ JS c
-•©M
K,i.«0:..-«
•J
W
«.r* M
cow
I
^
—
c;tco
CO
I-*
l^»->«'.•»)
au
I
_The
.
ICt9
00 to
THE DRY GOODS TRADE.
Friday. P. M., November 18, 1881.
dry goods market has been devoid of animation the past
?8
ccco
1
I
'81.
.
*
10
M - M 10
M ^l C —
to
^lf»)-*
CDO
187,371
13,100
11,296
70,000
:
I
I
'''I
•
is
Tot Xov. 12,
"""
'81
Nov.
'ov. 5.
S:
|:
ffii-
15,464
s
b;
Mi
-1
193,000
canal
The Jobbing trade
light and irrsgaiftr (aa ragMd*
personal RelecUons), but thpria was ft itaady call for umall p«ir>
eels of staple goods through the mediam uf orders, and tmamy
*
8),S3l
a 1.460
•-
Barley,
wm
amount.
8n0.47'>
77,54!
622,730 1..530.13'.>
637.800 1,258.000
840,103 1,837,000
rail
Oil lake
On
bush.
42,0119
--pi-
i
bush.
6,258,653 1.419,380
1.998,000 398,000
75.500
13.000
898,42s
28,568
6,225,597 351.159
7,270
191
1,059.268
638.676
110,000
1,081,410
190.456
305,923
625.774
7,452
416,000
450,656
2,090.063
PhU.idelpUia
On
Oats,
239,000
^toledo
Detroit
!••'
Con>,
56»
ro
-«*-
c;4
ci ts «^
pUU^IO
-
Mw
^
u C C3 c
^-^. oca S3
:.'i
1
5:
O
—
I
U^i*W —
««*• X — as
o^^w w
1
CO -1
o«p
CiO
«•
1
I
^-CO
*j »f-
o
;i'
/-
1
r
^-ssa
^
JitCOOD
on-a —
^
iowii"'-!
?
to
re jt i: *i
-^
;
'
I
6
8
w
1
-
1
(K
**
&
s
THE CHRONICLE.
670
W. W.
Practices in the District, Circuit and Snpreme
Cenrt* of the United States and of tlic State, in
clashes of cases. Has no other business, and deTOtes his personal attention and all his time exclutivtlv to his profesBlon. Refers to Bank of Monroe.
all
Howard Lapslet,
Holt,
Special.
WALL STREET, NEW YORK.
TRANSACT a GENEOtAL BANKING business.
No. 10
DEPOSITS
Buy and
received and
INTEREST
No.
WALL
5
bonds.
Privite telegraph wires to Providence and Boston
G. B.
WAUSTON
Co.,
STREET,
Iforlt.
BROWN.
H.
FBED. A. BBOWW.
" Walston H Brown & Bro.
HOLT
GEO. H.
TAINTOR.
STOCKS
GAfS
Nenr
GOVERNMENT, MUNICIPAL and
sell
&
STOCK BROKERS,
allowed on
RAILROAD
KEW TORK.
K». 17 WAIil- STREET,
Jb.
Lapsley, Field
balances.
Geo. H. Prentiss,
Setmodb Willakd
Cybus wTfield
d.
Members N. Y. Stock Bscbanee.
Ctbus W. Field,
BANKERS,
and Attorney.
Solicitor
&
Taintor
Farmer,
MONROE, LOUISIANA.
Counselor,
Financial.
Financial.
Financial.
XXXm.
[Vol.
.
&
Schmidt,
Olliffe
BROADWAY & No. 13 NEW ST.,
GAS SECURITIES,
BROKERS FOR THE PURCHASE AND
SALE Of RAILROAD SECURITIES.
STREET KAILKOAD STOCKS AND BONDS
BANKERS,
Pine Street, Now
II
Tork.
No. 72
CORNELIUS W. OLLIFFE,
AND ALL KINDS OV
EDMUND
BROOKLYN SECURITIES
DEALT
BKB OA8 QUOTATIONS IN
N. T.
Member of N.
THl.S
PAPER.
Secnritics, Cily
Bonds.
dec,
Groesbeck & Schley,
BROKERS,
NEW TORK
CINCINNATI,
:
W. Cecil,
Member N.Y. Stock
Gbo.
Cecil, Zimmerman
& Co.
BANKERS AND BROKERS,
BROADWAY, NEW YORK,
WEST THIRD
Hatch,
Kember N. Y. Stock
ST..
CINCINNATI,
Wm.
Vrsa. D.
25 p'me
§t.
yEjVI^S,
or
all
DEPOSITS, subject to check.
&
50 EXCHANGE PLACE,
Brokers in Railroad Stocks and Bonds,
W. C.
FLoyD-.ToxK8
Members
Otto
C.
98
William RoBiaoN,
&
Bonds and
Glazier,
66
all
[strictly
bonds
desirable
WALL
Investment Securities
on commission] for cash
BOTITnERN
Habrv
Co.,
BANKERS AND BROKERS,
BROADWAY AND 19 NEW STREET,
IfEW TORK.
STOCKS AND BONDS BOUGHT AND SOLD ON
COMMISSION.
c.
R.
Whitelt, H. Crdoeb Oaklb^
Logan, Matnard C. Eyre.
Travkks, Special Partner.
&
Prince
solicited.
64
Vo
&
Beasley
Co.,
&
Co.,
BANKERS AND BKOKBRS,
ea
Inrestinent Secnritles.
SECCBITIBS A BPECIALTT.
J D. Pbince, Jas.
BROADWAY, NJEW YORK,
DEALERS IN
Flrst-Clasa Investment Secnritles.
QOVKRNMENT BONDS, STATE. CITY, COUNTY
(Branch Office, 180 Fifth Avenue).
All classes of Railway and Mining Stocks boogbt
and sold on Commission.
Private Telegraph Wires to Philadelphia, Wilmington, Baltimore, Washington, Boston, Bridgeport
and New Uuven.
JOSEPH
W. C. MCKEAN
Member of N. Y. Stock Ezcb'te
LLOYD.
P.
& McKean,
Lloyd
34
—Government,
sell— on commission
Rail
way and Miscellaneous Securities. Receive deposlU
subject to check, and allow interest on balances.
Buttrick
&
Elliman,
LOANS NEGOTIATHD.
BANKERS AND BROKERS,
James Kitchen,
BONDS, STOCKS and INVESTMENT SECURITIES
INTIKKST ALLOWKD ON DEPOSITS.
Nos. 37
COMMISSION BROKER
IN UNCIIRRENT
IN^'ESrMENTS,
TO
P. O.
NEW TORK.
AVALL STREET,
Buy and
Bought and Sold on CommlBelOD.
rirglnla Tax-RecelvahU Coupons Bought,
SO-UlUEJtN SECURITIES A SPECIALIY.
Whitely,
NEW YORK,
BROADfTAV,
BOX
39 Wall
St,
New
York.
BOUGHT AND SOLD ON COMMISSION
A.BUTTRiCK.MemberoftheN. Y.StockKichge
Wm. Elliman. Membe r of the N.Y. Mining Bxch M
^
CEDAR STREET,
NEW YORK
3413.
STOCKS
BONDS
and
The Undersigned hold
SALES
REGULAR AUCTION
of all classes ol
$>TOCKS AlVn
BONDS
ox
WEDNESDAYS AND lATCKDArS.
4DR1AN H. MVELER & SON
Ho. 7
&
C.
C^K ECo.
R
At Auction.
Kohn &
STREET, NEW YOUIi.
IN ALL KINDS OF
Railroad and
W.
BROAD WAY. NEW YORK.
Robison,
EXCHANGE COURT.
bought and sold
or on margin.
of
R. A. Lancaster
Wiekcm.
BANKERS AND BROKERS,
Stocks,
W.
of the K. T. Stock Exchange.
Floyd-Jones
No. 2
assortment
A.
aOVBRSMENTS 4 fOREIGN EXCHANOB.
Y. Stock Exchange.
Simon B org.
8
No.
RAIUBOAD & MISCKLLANKOUS SBCtlUITIBS
Wierum,
CBAs. K. Randall,
COMMISSION.
DEALER
ADDRESS:
NEW YORK
reputable Securities
bought and sold In the OPEN MARKET. LOANS
»nd COMMERCIAL PAPER negotiated. Interest
Randall
Co.,
COMMERCIAL PAPER NEGOTIATED.
and sold on commissiOQ for cash
Correspondence
- l^ew^ORK*
laaaes of Securities dealt in at the
D. C
INVESTMEIVT SECURITIES.
Hatch.
Pnrehase and aell on Commission GOVERNMENT
and RAILROAD BONDS and STOCKS, and all
STOCK EXCHANGE,
&
BANKERS AND BROKERS,
New Tork.
STOCKS AND BONDS BOUGHT AND SOLD OK
always in hand.
BANKERS AND BROKERS,
(gLLlj^S,pOKDEJ<I
Sand Brothers
O.
B. Ki.ndall.
STREET,
It
WASHINGTON,
Advances made on approved collateral at the
market rate.
Deposits received subject to check at sight.
4 per cent interest allowed on all daily balances.
Orders executed at London, 8un Francisco, Boston, Philadelphia and Baltitnore Exchanges.
P. S.— My New York Weekly Financial Ueportlfi
An
Refer to Messrs. FiSK
Theo. V. Sand.
John Sickklb.
MAX E. SAND, Member N. Y. Stock Eich.
mailed free of charge on apullcattoD,
Kxcta.
No. 31 WAL.I.
lor the past 10 Tear*
all
Investors or Dealers wishing to buy or sell are
Invited to communicate.
State, Municipal and
Railway Bonds and Coupona bought and sold at best
Market Rates.
General Banklns Bnsinesa Transacted.
Becurities bought
or on margin.
O.:
(An Intimate knowledge of
S4 Wall Street,
Branch Office:
CO.,
raii.roao securities
A SPECIALTY.
BROAD OR 27 WAL.1^ STREET,
NEW YORK.
BATEMAN &
bboad street, jjbw york.
no. 80
YORK.
iiemher of the N. T. Stock Exchanue,
W. P. Thomas.
W. M. WILSBIKB.
Ei.
H-ZlKtlZIUIAN.
Member N.
NEW
BANKER AND BROKER,
No. 5
NEW YORK. A
STREET,
Ko. 15 WA1.1.
aid on
BROKERS,
.<t.NI»
BROA-DWAY,
E. Trowbridge,
F.
Fred H. Smith,
banker and broker,
Walker,
Buy and Sell on Commission, for cash or on maruU Securities dealt in at the New York Stock
Exchange. Interest allowed on daily balances.
TORK^
GRANT B. SCHUCT,
BBNK8T GB0I8BECK,
Uembers M. Y. Stock EzchanKe
89
&
Particular attention paid to orders by mall or telegraph.
NEW STKEK1,
1
NEW
74
Walkeb.
N.
Kin,
Gas Stocks,
No.
W.
BANKERS
No. 80
Brooklyn
N. T. Stock Exchange.
Y. Stock Exchange.
Rutter
Beers, Jr.,
N- T. Stock Exchange.
M. Ruttkb,
C.
IN.
Member of
SCHMIDT,
Member of
P.
SPECIAL ATTENTION GIVEN TO THE NEGOTIATION OF
RAII.ro 4 D SECI7RITIES.
PINE STREEl',
NEW YORK.
BA
N •.
]y
S
,
18 YVAI.I. STREET,
New York.
Transact a General Banking Business, Inclodliw
the purchase and sale of ST(5CKS and BONDS for
cash or on margin.
InTeatment Securities.
BOX 2,647
A.U. KiDDXB. WAYLAND TRASK. H. J.MOBBl
Bnr and
Sell
P O.
W. C Hill.
,
VoTMtawa.
THE CHEONICLK
10, 1861.]
Boston Banken.
financial.
S.
PINE STRBBT.
T
&
Foote
Bailev,
E.
French,
BANKBRS,
AND DBALBBB
DwilliKi In
A 8PECIALT1'.
Sons,
NKRRH,
MOUTH MTKKBT.
Re. r
111
or ALL issuas.
Ouh |»M at onm for the kbore BaonrltiM or
Ui*T wit) IM lold OD oommliilon, at (eller'! optloD.
&
Robert Garrett
BA
Stocks GeTERNHENT BONDS,
Insurance
Banken.
Baltlniore
BALTinOBB.
TBANBAOT A OBNBHALUOMBBTIOAIIDrOik
ION AJIKINO BUMIIIi
:
John
OSOBaS 8TARK.
&
George Stark
r.
OOMMISSIOy ORDBRa MZMOUTUD IK
tiABK.
NEW YORK,
Co.,
NASSAU STREET, NEW YORK.
ktuj and •all
(MBBtaatoa. A ipMUltj mada of Wutam ram
Moitocaa baartiK from 7 to 10 par oant Intaraat.
Will andartaka tba nacotlatlon of loana npoB
Waalara Cltj propartr In larga or unall amoanu
W.
&
Gallaudet
WiLux>z
LOWHDU.
BOSTON, HASS.
Brown & Lowndes,
Geo. W m.Ballou&Co BANKERS AND BROKBBS,
BANKERS,
Co.,
14 Wall Street,
and IndtTldaalB upon farorabte terms.
Deal In Gorernments and Standard InTeatment
Becarlttas.
BT0CK8, BONDS A
Bonds and Stocks bouRht and sold on commtaalon
New York, Boston and other Kzchanfres.
GEO. Win. BALLOU, D. H. DARLING,
WM. H. BINGHAM, A. S. WEEK8,
New York.
Beaton.
Btooka and Bond! boosht and aold on oommlailoa
at If . T. atook Baobaace.
AdTanoaa nada on baslnaat papar aod otaar
Co.,
Brewster, Basset
&
Co.,
BANKERS,
P. 1¥INTRIIVGIIA1H,
GAS, INSURANCE, BANK STOCKS,
Honlclpal and Kalltray Hsndi and
DETONSHIBB STREET,
No. 68
Coupou
BOSTON.
Stock Ezctaance.
&
Tower, Giddings
Co.,
No. 89
BOSTON.
Chas. A. Sweet
Co.,
&
New York
Co.,
&
City,
Co.,
0>o.
No. 306 OllTe Str«et,
liOuis, mo.,
Bnr ftnd sell Government. 8ut«, Coanty.
ftod llaiUclpal Bondi. Couponi collected.
Bond!
ft
Town»hlP
Miuonrl
ipecl^tT. ForelKn exchange boaftntAnd told
AND B R O K R B S
a
Thomas.
Banken.
Joi.
W.HABTKB. ATTOBNBY.Canton.
HENRYcondacta
olaaaea of oases asalnstlDdlT.
utalo,
all
Idoisls, mllroadaand otharoorporatlonabi both Stata
L'. 8. Courts.
Refera to
Canton O.
i
Information on
&
Sons,
Fisher
BANKERS,
And Dealer* In Government*, Stock*
and InTeatment Mecurltlea,
Orroe:n Siooitd 8t
33 SuUTH STREET,
,
BALTIIHORE, MD.,
HaTa Weetem Union irlres In their oOces, b;
means of which Immediate communication can be
had with
all
commercial points
In the country.
Ea-
pectal attention given to pnrohaaa and sale of Virginia Consols, Ten-forties. Deferred and all Isaaaa
of the State, and to all daaaea of Sontbem Stat*
Cltj and Railway Securltlea. Correapondenoa so-
CAoltman,
Sona, Canton, O.i Konntia Broa
Bs^ChlaT Jostloa Asnaw, BaaTar, Pa.
,
Southern Banker*.
THn« »
MTT.T.MW, B. D.
OHAS.
wnXIAHS. JHO. W.HILLIB
B.
If XLX.X&.
&
Thos. P. Miller
Co.,
BANKERS,
Special atuntlon paid to collections, w<tb prompt
remittances at corrent ratee of azcnanse on oay of
„
New
New Orleans Bank
parment
„ ,_
Corre*pondenu.-O*rman-Amerloan Bank
Campbell
& Schoolcraft,
STOCK BROKERS,
No. 6
NORTH TENTH STREET.
RICHmOND, TA.
BANKERS AND STOCK BROKERS,
PHILADELPHIA.
134 Senth Third St.,
National Banki.no Association.
A. P. Turner & Co.,
BANKERS,
No.
90V Walnat
Place,
PHILADELPHIA.
OoTemment, StaU. Municipal and Rallwar Bonds
and Stocks bonaht and sold at all the Bcobaacas.
InTestnenU prndentlj made In sonod rallwaj securities.
BANK OF CHARLESTON,
CHARLESTON, S. C.
SPICIAL ATTKTTIOM OITBlf TO COLUCTIONS.
all
tomlabad.
,
Daalars la SoremBent, State, Oonntr. O'lj aad
Ballrcad BoBda, Bank Stooka, Ac.
Dailrabla Inreatment Hecnrltlaa conatantly on
band.
uaaa Bartar A
fall
WM.COOUBTUIT.Praa. B.1«8TH.PBIN0L«,0a»b
Issnes of Cnltad States Bonds.
Inreatment Seonrltles a speolaltr. Correapondenoa
InTlted and fall Information npon floanclal aubjeots
PORTLAND, nAINB.
Mew Ycek
Wm.
M. Bhoxwaub.
ISe iniddle street,
and
Htreeta,
BALTinoRB, no.
Thomas & Shoemaker,
Dealara in
Swan & Barrett,
BANKERS
AND BONDB. AND DSALBBS
FORKION KXCHANOB.
Comer 8oath and (German
Conntr and Railroad Bond*.
Phlladelplila
BANKEBS AND BROKERS,
ST.
Morison,
;
STATE STREET, BOSTON.
4*
BO KE B»,
Keleher
Oe.
BROKERS,
Tork Loalalana National Bank,
of LlTerpool.LlTerpool.
OKALBBB IN OOYBBNMENT BBCUBITIK8
F.
&
>(
UOBISOS.
E. N.
BOBILB, ALABAinA.
BANKKBa
CINCINNATI. OHIO.
P.
WHmi,ST, Jr.
Co.,
DEYONSHIllE STREET,
Ordara for Btooka azeonted In Boatoo,
and other markets.
KBNTVOKY.
&
&
BANKERS,
t9ao,ina.
Eustis
8.
licited.
BANKING HO tJSB OF
B
Stackpole,
BANKERS,
aold at beat market rates. Inveotora or
iaalara wishing to bay or sell are Invked to communl-
George
&
Parker
City
A SPECIALTY
^Mbtand
W.
Correapondeaoe Inrlted and
Inandal snbject* famished.
Oealera In Manictval, Stmte, Railroad aad
United Htatea Bonda.
BANEBR ANB BROKSR,
WaU Street, New York
SOUTHBRN 8BCVR1TIES
No. 6
nlahed.
N. Y. OOBBaspoHsniT^-MoKlm Brothers
ALSO,
John B. Manning,
I.OV1SVII.I.B,
and YIEtUINIA BBCURtTIBS a
apaolaltr.
IN
STOCK BXCHANOKS.
&a
UOCBITIU BOCOHT AT THK AUCTION SALM.
No. SS PINE STREET,
NKW YORK.
CABB cAJHTAi,,
Co.,
BA LTinORB.
INVB8TMENT
8T0CKB. NOTES
UKUBERS OF THB NEW YORK AND BOSTON
J.
0.,,W. Norton
&
BANKBR8 AND BROKBBS.
Whiteley
BOSTON.
Hew York
Wilson, Colston
CONGRESS STREET,
»i
No.
eata with oa.
Manilmt of the
BA LTimOKB
Correspoadenoe eoltdtad and Information for*
AAITKEBS AND OOHHISSION KERCHANTB
S BzelMuiKe Coart« New York.
BUM,
19
874.
at the
aacnrttlaa.
&
P. O.
GERMAN STREKT,
No.
Box
St.,
BOSTON.
C. D.
ReoelTO aocounta of Banka, Bankera. Corporatlona
BAITK BVILDINO,
R.T.Wilson
T3 Deronshlre
NB\r YORK.
STRKET, COR. BROADWAY.
COMMEKCtAL PAPER.
WALL
BaoirK.
J.
BANKEBB,
VmTBD
New fork
PbUadelpbta and HJchmond.
No. 2
InTeatmaot Baonrltle* for aaah or ob
P.
STREET,
BALTimORB.
P.O. Box 313.
Order* tor Btoek* azaented In Boatoo,
CONGRESS STREET AND
CONORSBS SQUARE,
No. 7
GERMAN
No 37
PHILADELPHIA
BANKBR8,
Wo. 83
SethH.&H.B.Whiteley
BANKERS AND BROKERS,
BOSTON,
Collections promptly attended to.
CorrespondenU oarefallT rapreeented tt Anetlons
and PrlTate Sale*. Bonds of tood bnt not wellknown railroad* alwaf* wanted (or InToatmaaU at
tLabeetntaa. Ordara on manliia not oatertMaad
B. B.
BUBBcas,
Pres't.
A. K.
Walkzb, Caabler
First National Bank,
WILmiNGTON,
CoUeeUon* made on
all
N. C.
parts of tba United
R. H. IHAWRir
A
BUUa
CO.,
STOCK BROKERS,
RICHMOND, VIRGINIA,
BnTaBdaall Ooramment,
etaie. Manlelpal
and
RacemM* Oonnona boa«bt and sold. All ard*n
""USS V!!?;cSS.iSondant. VEBMILTB A Oa
:
:
a
Soutbern Bankers.
RICHmOND, VIRGINIA.
Golleotlons
made oa
Southern points on best
all
terms prompt returns.
;
Morton.
JOHN
BRANCH,
P.
President.
Fred. B, Scott, Vice-Pres't.
Casta.
THOMAS BRANCH &
CO.,
BANKERS AND COMMISSION MERCHANTS.
RICHMOND, VIRGINIA,
classes of Southern Securities
especially State Bonds, Tax Coupons, &c.
Cor-
Informntlon on
respondence
all
solicited.
HARRIS
RHIIVO,
Sc
STOCK AND BOND BEOKES8,
AUGUSTA, GEORGIA.
Buy and
sell all kinds of Investment Securitie
on commission. Information furnished
Orders and correspondence solicited.
outrij<bt or
Publications.
" An
Indispensable Visitor."
—New
many
others, are represented in the pages ol
Littell's Living Agr.
The Litino Age
forty years, and has
dation and success.
A weekly magazine,
has been published for nearly
met with continuous conuncmit
gives
Pier (new) 42 North River, foot of Morton St.
Travelers by this line avoid both transit by J£ugllsh Hallway and the dlsoomforte of orossiug the
Channel in a small boat.
Wed., Not. 23, 6 A. M.
CANADA, Franguel
ST. GKRMAlN,I)elaplaine...Wed., Nov. 30. 1 P.M.
LABRADOK, Joucla
Wed., Dec. 7, 6 A.M.
Price op Passage- (including wine;: To HavreFirst cabin, $100 and $80
second cabin, |60 steerage, $26, Including wine, bedding and utensils. Return tickets at very reduced rates. Checks drawn
on Credit Lyonnala of Paris In amounts to suit.
FOR MARSEILLES,
The following steamers
&
Co.,
.''.:•.
'
"AWNING
Dnane
Street.
Inclined Planes, Transmis^sion of Power, Ac. Also,
[iGalvanized Charcoal and
JBB for Ships' Rigging, Susgension Bridges, Derrick
uys. Ferry Ropes, Ac. A
stock constantly on
p large
i
hand from which any de-
sired
lengths
are
cut-
FLAT STEEL AND IRON
ROPES for Mining pur-
Livi.no
der.
LIXTELI,
4t
Earned premiums
$1,186,527 78
05
of the year... $1,032,010
Losses and expenses
$614,846 94
$249,915 99
iums
31st December, 1880.
umtiiF
OFN£WYORK,
5SU£,^.EVERir
APPROVED DESCRI PTION
Stocks of Corporations
Realestate
Subscription notes, bills receivable and uncollected premiums
^
14,532 68
Total amount of asseta
outstanding Certificates of Profit be paid to the
holders thereof, or their legal representatives,
on or after let March next.
By order of the Board,
CHARLES [RVINO, 8«oretlt7.
TRDSTEESi
Henry DeB.Bouth,
B. H. B. L/man,
Henry R. Kunhardt,
'tm.
PARTS, 1878.
1
throughout the world,
New Tork.
MAKBRS'OP FINS
I wA„f^3^A^^fl^
JL.Wood
Mantels, Mirrors, '~"»>»'""»'-<w- j5o
"o. 75
la
West Twenty-Third Street. Bookoasas.'ibr
$1,202,612 42
The Board of Trusts have this day
Resolttd, That six per cent Interest on tM
George Mosle,
CO.,
386,597 IB
interest
OTASSm OVERS 80,000.00{
Joseph Gillott & Bona,
IS
(
AS THOSE
ANY OTHER COMPANY.
ORGANIZED APRIL IZT.h |842.
5
68
25
00
Suspense account and accrued
AND ENDOWMENT POUCH
)NTERr,.S AS FAVORABLE
QOU> MEDAIi,
$93,279
280,031
78,142
350,029
United States stook
INSURMECOMM
1
VO., Boaton.
Total premiums
Cashln banks
303-404- 70-36 -332.
Address,
ber, 1879
$144,766 10
Net premiums received during
the year ending aiBt Dec., 1S80 1,041,762 63
ASSETS
Vui
of the
proyistons of
Re-insurance and return prem-
CO.,
43 Broadwray. Near Ifork.
the numbers of 1881
Age and any one
Mutual Insurance Co.,
poses manufactured to or-
JOHN W. MASON &
and Ait other etylee may he had o/all dealvi
The
ORIENT
STEEL AND CHARCOAL published in oooformity with the
IRON of superior quality
its Charter
suitable for MINING AND
HOISTING PURPOSES, Premiums unearned 3 Ist Decem-
FOR THE YEAR
be sent for a year, postpaid; or for ie SO
-AoKHndthe *. %u:&ta^ o°IpllZn!i
'^'^
J?u^-17''/°.
™" *
Journal, or Ltppinaitfa Monthty.
Insurance.
THE
OFFICE OF
Nbw Tohk, January 27, 1881.
The following statement ot the affaire of this
Company on the 31st day of December, 1880, is
Wire Rope.
nia CeltbraUd Ifumiera,
For 110 50
Mills.
NEW TORK,
BOSTON,
A 46 Whitx Strict,
15 Chacncxt Stbir.
PHILADELPHIA.
J. W DATTON. S«8 CHIBTWtTT 8T»«»f.
STRIPES."
DNITBD STATES BUNTING COMPANY.
A full supply, all Widths and Colors, always In stook.
No. 109
inula,
From Various
is
Also, Agents
"
ItoS'.r) will
Ellerton New Slills,
Atlantic Cotton mil*,
Saratoga Victory mis. Co., Ocean milli,
AND
.
ever."-rh« Advance,
" "^""""^
oiicoao""""'
The best and cheapest periodical In "uom.*.
"
Amerloa."EvantielUxd Churchman, Toronto.
Puhllshed weekly at »m 00 per year,
free of
Jou7«u^7-rS"m°o^t°h?.L",V"^
NEEDLES
BROADWAT, N»W TORK
Peabody
And all kinds of
CANVAS, FKLTING DUCK, CAR
COVERING, BAGGING, RAVENS DPCK, SAIL
TWINES, &C., " ONTARIO " SEAMLESS;
^The
amd
400
'
COTTON
PUtsbwra VhrisWmAdvocaU.
oldest and be t."-Oourier-Journal, ioui#.
CInb-Prlceit for tbe Beat Rome
Foreign Llteratnre.
'
Hoalery and Knit Underwear
COTTON SAILDUCK
"No reader whnmiikea
1st,
AKD
iniI.irARD>8 HEIilX
AGENTS FOR
milla, Cblcopee Mtlt. Co.
Barllngton Woolen Co.,
.IFE
™<=«'P' "' ">«'• sibsoriptlons.
'.^"''l'''"'.''/"^
yv sent ^yat'XSm
Bro.,
O. N. T. Spool Cotton
Manufacturers and Dealer* In
phia,
''°,^.?'^^*'I8^CRIBKRS
,JK
1S8'^, remitting befor- Jan.
&
George A. Glark
E.R.Mudge,Sawyer&Co
Turner
Brinckerhoff,
thesaurus of the best work of the most celebrated
writers In literature, science, politico and art "—
Boston Travekr,
" It supplies a better compendium of current
discussion, information and investigation, and gives a
greater amount and variety of reaaiUK matter,
which It is well worth while to read than any other
publication."— Bojifo7i Journal.
'It contains not only the best solid literature, but
also the best serial stories of the day " *•
"its
pages are sufflUent to keep any reader abreast with
the best printed thoughts of the best of our contemporary writers."— ISpiscopoi Rcgigter, PhUadel-
-
Export Trad*,
Orillt, Shtetings, dc., tor
Waahlneton
and
himself familiar
its
contents can U. k the means of a sound with
lite, ari
" lite/ary
oulture."-A'eto rork IVtiun*.
"It enables Its readers to keep fully abreast of
the best thought and literature of eiviniatlon.
civlliiaHnn"-
Ac.
Tewele, QbIIu, White Good* and Heelerr.
New York direct
Commercial Curds
^*' No other periodical can compare with
The Liv* * -a veritable
I^ G Age in interest and value."
.peiifn1,?Vi;e"'^S;4p';>'Jl'''S'„'g"i'>J-'Sffl^^^^^^
PuDlished.
OommtrcM Advcrtisfr, DttroU
AND SHEETINGS,
PBINTS, DENIMS, TICK8, DUCKB,
Ascot,
No. 6 BowllnE Green.
THE ABLEST LIVING WRITERS
"The ablest essays and reviews of the day are to
••
•
be found here."
We know of no investment of $s in the world of liteniture that will
yield
equal returns."— T/is Preabuterian. PhiladetpMa.
To praise it Is a wor« of supererogation."—
Ifev! York Christian Advocate.
•'It is indl pensable in every household where
anyatteoiptis made to keep up with the current
thought of the day." • " * -it is a thonmch
compilation of what is best In the literature of the
day. whether relatmg to history, biography. Action,
BROWN AND BLEACHED HHIRTIN08
LOUIS DE BEBIAN,
therefore invaluable to every American
reader, as the only satisfactorily fresh and COMPLETE compilation of an indispen&able current
literature,— inditipensable because it embraces the
productions of
Art.
will leave
ror Cadiz, Gibraltar, Barcelona and Marseilles, taking freight and passengers
FERDINAND DE LE8SBPS, Baquesne
Nov. 23
RATES or Passage— For Cadiz and Gibraltarfirst cabin. $75 and $90; for Barcelona and Marseilles—First cabin, $80 and $100. Steerage, $32.
Through bills of lading issued to Mediterranean
Ports, including Barcelona, Algeria, Tunis, Genoa,
Leghorn, Naples. Messina; also, for Trieste and
Constantinople.
N. B.—No freight taken for Gibraltar.
is
In all branches of Literature, Science, Politics
Boston, Philadelphia,
SELLING AGENTS FOR LEADING BRANDS
TonoB^NO AT Cadiz, (Jibhaltar & Barcelona.
odical Literature.
It
Fabyan,
;
;
BAGS,
double-column octavo pages of reading matter yearly. It presents in a.n inexpensive form, considering
its preat amount of matter, with freshness, owinn
to Its weelily issue, and with a satisfactory comgleteness attempted by no other pablication, the
est Essays, Ueviews. Criticisms, serial and Short
Stories, Sketches of Travel and Discovery. Poetry
Scientitlc. BioKraphical. Historical and Political Information, from the entire body of Foreiijn Peri-
&
Bliss
New York,
From
more than
THBEE AND A QUARTER THOtTSANC
Wright,
GENERAL TRANSATLANTIC CO.
BETWEEN NEW YORK AND HAVRE.
THE GREATEST LIVING
lock-Crnik, <Jeo. MacDonalfl,
Mrs, Oliphnut, Jean
liiffelow,Th'i8.Hardy, Dtatthcw Arnold, W. II. Mallock, W. W. Story, TourKu»kin, Tennyson, Browninff, and
xxxm.
iVoL.
Commercial Cards.
Only Direct Line to France.
York Obterver.
Authors, 8uch lis Prof. lUax
Muller, Riuht Hon. W. E.
GmdHtone, Jas. A. Froude,
Pro!. HuxU'v. K. A. Proctor
Edvviird A. Freeman Prof,
Tyiidall. I)r, W. B. Carpenter, Finuces Power Cobbe,
Prof. Goldwin Smith, The
Dukent AiKyll,u m. Black,
WIhs Thackeray, I>lr8. Mu-
genietfT,
i-^*
Steamships.
MEKCH ANTS' NATIONAL BANE,
J. B.
CHRONltlLE.
'l^Mte
Alex. M. Lawrence.
John D. Dli,
Charles Munzinger,
HuKli Auchlncloss,
Walter Watson,
Ernesto G. Fabbrl,
LHwrence Wells,
William Poblmann,
Francis G. Brown,
John welsn, Jr..
Lewis Morris,
Alex'r Hamilton,
Constantln Menelas,
Carl L. Heckna^el,
Carl Vietor,
Henry
B. Sprague,
Cbas. F.
Zimmermana
Theodore
C.
I..
Wm.
F.
S.
Facbtri,
Rose.
Wilson,
Gustar Sobwab,
Ramsay Crooks.
George H. Morgan,
Arthur B. GraTes,
Francis B. Arnold,
H. L. Cbas. Renauld,
George S. Siiott.
EUGENE DUTIIiH, Prestdeat.
ALFRED OGDEN, Tloe-Preeident.
CHARLES IRVING, Secretary.
ANTON MBTZ, Asa't Secrettfry.
:
IfpTXKBXB
19,
.
THE CHRQNiqi^E.
18^.J
Insurance.
Insnranco.
omox
Cotu»n.
HOME
T^
OP
Vfi
Company
Insurance
ATLANTIC
OKAt.
OF NBW YORK,
OOWDITION OF THE COMPANY ON THB riB8T
DAY OF JULY, 1881.
CASH CAPITAL
NSW YORK, Janaar7 SO, 1881.
TUa IVoateea, In oontoruilty to tlie Charter ot
tlM Oompany, submit the following Statement
ot Iti affairs on the 31st December, 1880
Ptvmlams on Marlse Risks from
1st Janiuuy, 1880, to 31st Bo-
S4,232,67^ 04
oember. 1880
Premiums on PoUoIm not marked
off Ist
1,495,947 23
January, 1860
Total Marine Premiums
$5,728,622 27
....
rramlums marked
off from 1st
January, 1880 to 31st Seoem-
iMMS
real esCate (worth ^3,6811.530)
1,71S,SS8 00
United States stocks (murkot value)
2,0SU.1(I0 00
Bank* KB. stocks ftbda. (market value) tUiK,S17 SO
State and municipal b'ds (market value)
lt)2,7&0 00
Loans on stocks, payable on demand
(market value of collator'lB, $3,4501734) 1,8116.600 00
Interest due on 1st July. 18NI
50,800 11
Premiums uacoll'ct'd i In h'ada of acts. 148,iM)2 IT
SLSIS 40
Heal eitau
/...;v......^..'.,
18,806,098
CHA 8. 3, MA RTlW, Prealdent.
J. H. WASHBURN, Secretarr.
f.
»
ot Fremloras
Cotton.
and ex$873,113 96
The Company has the (oUowlng
United States and State of New
York Stock, aty. Bank and
Co.,
No. 10 Old SUp,
470,000 00
OuhisBauk
337,977 37
=====
wlU be paid
the holders
thereof, or their legal representatlres, on and
after Tuesday, the First of February next.
&
Geo. Copeland
OOTTON COMMISSION MERCHANTS.
dpeclal attention paid to the execntlon of
A DIVIDEND OF FORTY PER CENT
Geo. Brennecke
Itvery o( eotton.
Is
declared on the net earned premiums of the
Company, for the year ending 31st December,
1880. for which certUloates will be Issued on
and after Tuesday, the Third ot Uay next.
No. 110 Pearl Street,
Member N.T.
Farley
96
TKDSTKKSi
&
Co.,
&
New
Cork.
Stnrgis,
Adolph Lemoyne,
Benjamin H. Field,
Joslah O. Low
WUUam E. Dodge,
Boyal Phelps,
nomas F.
G. A.
Youngs,
Hand,
John D. Hewlett,
Wmiam H. Webb,
Charles P. Burdett,
J.
&
Co.,
i
.,
/. >
IlIBROHANTSt
PEiRL STREET, NEW YORK.
Horace Oray,
Edmund W. Corlles,
John EUlott,
Alexander Y. Blake,
Bobi. B. BUntum,
C3
Wm.
James G. De Forest,
Samuel Wllletts,
Charles D. LeTerich,
W'Ulam Bryce,
MliUam H.Fogg,
Peter V. King,
B. Coddlngtoa
Horace K. Thurber,
William Degroot,
Thomas
Henry Collins,
John L. Biker.
D. JONS8, President.
CHARLES DENNIS, Tlce-Presldeul.
W. H. H. MOORE, 2d Yioe-Prealdeut
A. A. KATSV, 3d TlM-PnstdeiU.
YORK.
Felix Alexander,
York.
Leman,
A. L.
COTTON BROKER,
160 SECOND STREET,
nACON, GEORGIA.
No
Kntlre attention paid to purchase and shtiment at
Cotton on order tor Spinners and Bxportera
Corresp)ndei>e«
Best of references turnlahed.
WOBKS AT Oriknt,
L. I^ and
'
BUBBKA"
RlCHHOtUJ, YA.
'OBiBirr.
&
Virginia
Fertilizing Co.
CoBuspoiTDuros BouorrsD.
Kef erences :— NaUoaal Bank of Aagaata, Oeorgi ,
Henry Uents * Co» CommlMOD Herobaats New
Yerk William B. Dana * Co., ProprleMn Coaii»
oiAi. AWD FnTAiroiA-i, ovaojnoLX, and other 'Ne
York Honsea.
:
&
Campbell,
WOODWARD
AVOUSTA, GEORGIA
J. ;!nu:
New
Orders to Parobase Cotton In onr^market solleltad
A 8TII.LMA1I
Refer to Messrs
New York.
Kntlre attention given to parctaase or COTTO^
OBOKB (or BPLNNBK8 and BXPORTEBS
F. Wheless
John
a
&
The Atlantic
COTTON BROKER,
•»
Co.,
Cotton Factor*,
PEARL STREET,
NKW
....
&
TICKSBVRG, miss.
&
Special attention given to the execution ot ordera
(or the purchase or sale ot Contracu for Fntore
del lTery.
Charles H. Marshall,
George W. Lane,
Edwin D. Morgan,
Robert L. Stuart,
ISl
dee.
COTTON BROKERS,
BEATER STREET, NE^ YORK..
Parisot
Tainter,
OBNERAL COTTON
97
CON-
WALTER &KROHN,
Sstabllshed (In Tontine BoUdlng) 1840.
.
Wm.
sale ot
BONDS,
ST04;KS,
WILLIAM BTRBBT, NBW YORK.
IIT Pearl Street,
Foulke,
COItmiSSlOlK MERCHANTS,
David Lane,
Gordon W. Bnniham,
A. A. Raven,
and
Orders tor Spot Cotton and Fntorea prompt! j exa>
ented
COTTON BROKERS,
Bennet
James Low,
Co.,
Orders In ** rntores" ezeooted at N.Y. Cotton Kzeb.
"Fntore " orders azeoated at N. T. Cotton Kxeh'ie
Curtis,
&
COTTON COMMISSION MERCHANTS
Ne. 133 PEARL STREET.
NEW TOBK.
P. O. Box 8909.
No. 146 Pearl Street, near IVall, N. \
H. CHAPIHAIf, Seeretanr.
Charles H. Russell,
J. H. Farlbt
ot Oolsao, Colt « Co., Member N.T.
Cotton Kxoh.
St. Loula, Mo.
H. W. Parlxt, Robibt W. Oolsan.
Cotton Szota'ge.
COTTON BROKERS,
Tames F. Wenman & Co.,
Waldron
t^
made on eoD>
algnmenta.
FUTUai CONTBACtS A SPXOIALTT.
the Board,
Charles Dennis,
W. H. H. Moore,
Liberal advanoes
Co., Dennis Perkins
COTTON BROKERS,
of
tke Issue ot 1876 will be redeemed and paid to
the holders thereof, or their legal representatlTea, on and after Tuesday, the First of February next, from which date all interest thereon
wUloeaae. The eertlfloates to be produced at
the time of payment and canceled.
J. D. Jones,
<
(or the porebase or sale o( oontraots tor tntare
PEARL SXREET. NEYV VOBK.
to
THE OUTSTANDING CERTIFICATES
J.
New York.
Ill Pearl Street,
BROKERS,
COTTO;!(
PEK CENT TNTERE8T on the outstand- ISe
Bf order ot
Schroeder,
H. Tileston
MOODT & JEMISON, GalTeston, Texa>.
„.:;.::.......... $12,608,356 71
.-•-.•
T t'
eertlfloates of profits
OnXlAT SOHBOaOB
&
Ware
New York.
1,628,921 34
oelvable
Amount
WAKB.
OOTTON,
Company, estimated at
Premlom Notes and Bills Be-
Lewis
U.
TRACTS FOB WVTV&tt DELITERY OF COTTOW
Beal Estate and Claims due the
BIX
UlNKT
COTTON COMMISSION MERCHANTS
1,187,900 00
I
Bpaelal alteatloo given to ordan tor the I
and sale of ContraeU tor rotars Dellverr of .Cottoa.
Special attention to pnrchaie
AN
Loans secured by Stocks and
otherwise
&
BANKERS
$8,983,558 00
otherStooks
E. S. Jemison
assets, viz.:
York.
UBBRAL AOTANCN MADk
$2,071,238 98
paue*.......^
Co.,
RsoelTs OoaslCDaients of Cotton and other
Bonds and mortg&tiea, beInK Urat Hen on
Total
&
PBARL rrRBBT,
ISC
New
$6,866,029 32
United States, aTHllnble for the PAYMKNT of LOSSES bj KIUK Hnd fur the protection Of Polloy-Uoldem of KIKK IN8URANC18:
Cash In Banks
»1S3,S77 14
In ttaa
paid dnrlnx the same
period.
Bettmu
No.
suraniARV OF assets
Held
$4,141,087 80
1880
ber,
$3,000,000 00
Keoerve (or Unearned Premiums 1,896,678 00
Reserve for Unpaid Losses
210,724 29
Net Surplus
1,768,827 03
Cash Asseta
aAmman
foaif B.
C. F. Hohorst
Seml-annaal Statement,
SaoWINO TBS
Mutual Insurance Co.,
aosoair.
COMMISSION MERCHANTS
OFFICE, 119 BROADWAY.
FIftr-Slxtli
t.
Co.,
OrrSR THEIH STANDARD BRANDS
AMMOMIATBO BOMB SCPBKIUIoaPHATB Or LtMS
AND
«
ORIENT COMPLETE MANURE,'*
And want a good working agent In eTery thrlTliia
cotton, tobacco, grain and track growing oonntrApniy (With reference) to
W.
G. CRENSHATY, Preset,
CBBBSHAW WARCHOCrSI.
RIcbmoBd, Ta.
:
OOXTON
COnniSSION ntEROHANTS,
NASHVILLE, TENNESSEE.
Special attention gtren to Splnaen' orders.
respondence
solicited.
Ksrkiuwcxs.— Third and Foartb National
and ProprisMts of the CUOHICLa.
Cor
Chronicle Volumes
UTAXTED.
Tolnme 1, 1866; Yolames 8. 4, 8 and
oeedlng Tolnaat down to IffTt. Applr
Uoa Oaoe,W*<a WUUanStrset.
10.
and sae-
at
Pa MMa
i
et
:
'
THE CHRONICLE.
roi
Iman,
£'
POST BUILDING.
Hanover St ^iim.fvc MU.
Car, SxchanKe Place,
nilseellaneoag.
Cotton.
Cotton.
Woodward &
[irOTBlCBEB 19, 1881.
[BXAB 07 CITBTOM HOUSS],
NEW YORK.
eENEB AL COMMISSION MERCHANTS
LOANS IHAItE ON ACCEPTABIiB
INM AN, S W ANN&Co
COTTON
COMMISSION MERCHANTS,
Cotton £xcliai>g« Building,
101 Pearl Street,
8ECI7RIT¥.
New
Tork.
LOANS MADE ON
Uheral advances made on Consignment*.
Special attention paid to the execuuon of orders
AEK^nAH & Co.,
New Orleans, La.
LBHHAir, DlTBB
SOUTHERN SECURITIES.
* Co
WABBCr EWZN,
JOSN M. SWBM.
JB.
Montgomery, Ala
Ewen Brothers,
LEHMAN BRO'S, COTTON
BROKERS,
Cotton AND Factors
&
33 Broad
No*. 31
EXCHANGE PLACB.
40
New
WU.MOHB. H.W.HAiraMAirN. CleminsFisobib
143
Note Company,
BROADWAY, NEW TOKK.
BUSINISS FOUJfDIlD 1785.
Lawi of State of If&ui Tor% ISN.
Iiusvrforattd under
Keoboanized 1879.
Bnobatebs akd pbintkss or
BOmOa. POSTAOB AlfD REVEmjB STAMPS,
LEGAL TEimSB 4 NATIOtfAL BASK JTOTBS
of M< VNIIED STATES and for many Fonltm
KNGRATINO AND PRINTING
IfOTES, STATE AND RAILBOAO
SHARE CERTIFICATES, BILLS OM
EXCEANQE, DRAFTS, CBECKS, STAlfPS, *CL
IN TBE FINEST AND MOST ARTISTIC STTLM
FROai STEEI^ PI.ATE8,
BANK
OF
BONDS,
m
With apeolal safexnards to prevent Oeutttoi/tMl
or Alteration*. Special papers manufactured exol^
alTelr for use of the Company.
Safety Tints.
Safety Paper*.
Executed In Fireproof Bnlldlnc*.
Work
RAILWAY PBINTINft A SPECIALTY
Ballwaj Tickets of ImproTed Stylm,
WUKor without Oolort, and Tiekett of all Kin4$
York.
TKU8TB188:
otton BxcbcnKe* InHev
Orders executed at the
York and Liverpool and advances made on Cotton
and other produce consigned to ns, or to our corre-
pondents In Liverpool, Messrs. &. Newgaas
and Messrs. L.Rosenheim ft Sons.
JOHN
Street,
NEW YORK.
OOniBIISSION niBROHANTS,
Bank
Oovmrnent*.
for the purchase er sale of contracts for future
delivery of cotton.
LaxocAjr,
AMERICAN
&
H. CLISBY
*
Co.
CO.,
Mohr, Hanemann& Co.,
PEARL
123
New
186
ST.
GRAVISR
New Orleans,
York.
ST.,
A. a. Ooodall, President,
La.
A1.A.
PtTBOHASI ONLY ON OBDBBg, roB A COHMUBNtH
Cotton Commission Merchants,
AND
COMMISSION MERCHANTS
18 ExclianBe Plaoe,
new YOBK
Post Buiuiino.
J.
P. Billups
&
&
NEW
POST BUILSINO,
r
Wisdom,
NEW ORLEANS,
I,A.
Special attention paid to the execution of orders
lor the purchase or sale of contracts for future
delivery of cotton in this market. New York and
Liverpool.
B.F.BABCOCK&CO.
COMMISSION MERCHANTS,
17 Water Street, LIVERPOOIi,
Receive consignments of Cotton and other Produce,
and execute orders at the Exchanges In Uverpool,
ilepresented In New York at the olUce of
BABCOCK BROTHERS A CO.,
Wall
(Successors to B.
M.
&
Hughes, Carter
Co.,
&
Co.,
WATERS & COJ
CMreet,
New York.
IWVBSTMBNT SECURITIES BOVQBT AND
SOLD FOR A COMMISSID^.
F.
LONDON AND EDINBUROH.
United States Board of Managemeat,
NBW FORK
SOLON HUMPHRBYS, Ch'r'n,(B. D.MorMn A Co
DAVID DOWS, Bsq. (David Dow« A Co!)
E. P.
J. J.
HoiFmann,
-K-OOTTON BROKER AND AGENT,
tS RDB DB LA BOVRSB, BATRB.
PABBRI,
Esq. (Drexel,
Morgan
& Co.)
CHITTENDKN.
8. B.
Esq.
Esq.
A8T0B,
MANAGERS,
Ofllce
New
8 Soatb W^Ullam St.,
York.
Advances made on Consignments to
FINLAY
nie**r*.
CO.,
64
WUllam
St., Ifeir
York.
Lyommerctal
&
uIVBRPOOL, LONDON AND GLASGOW.
Also execute orders for Merchandise throagh
ine*»r*.
FIN LAY,
MCIR
dc
CO.,
CALCUTTA AND BOMBAY.
CONTRACTS FOR FUTURE DELIVERY COTTON bought and sold on commission In New York
Union
ALFRED
131 Cluatoat
St.,
PUladelphla.
THE BROWN
Cotton Gin Company,
NBW^ LONDON, CONN.,
MANirrAOTITBIBS OP TBI OBLBBBATIO
Brown Cotton
Gins, Gin Feeders and
Condensers.
€!OT3X>N
Onta FOB SZPOBT.
PELL,
Resident
COTTON FACTORS
AND COMMISSION MEBOHANTB
Ins. Go.
(OF LONDON),
and Liverpool: also at New Orleans through Messrs,
Samuel H. Buck A Co.
AND
COTTON COMMISSION MERCHANTS
Co.
Ins.
CHAS. E. WHITE, SAM. P. BLAUUEN,
Co.,
GENERAL
comniissioN sierchants,
JAMBS
British
EZBA WHITE,
&
Henry Hentz
York.
AKOmt.
OF
Hon.
MERIDIAN, MISS.
MOBILE, ALA.
New
Mercantile
Geo.H.McFadden & Bro
BANKERS
18 William
&
Stkibt.
Graham
Jno. C.
Co.,
Special attention given to the purchase and sale
of contracts for future delivery.
OTTON
COMMISSION MERCHANTS,
SO
Hyman &
$3,T29,ilTl 9»
St.,
ALKXANDER,
JAS. A.
North
COTTON BDTBRS.
&
Gardes
KET BURPLUS
No. 3 Cortlandt
sale of
COTTON COMMISSION MEBCHANTS,
97 Pearl St., New York.
1,691,80180
3,000,000 00
Capital
DANCY,
<k
97,424/)7S 7S
1, 1881
unpaid lossea
and le-insuranoe fund
for
liabllltiea
YORK-
Spedal attention given to the Purchase and Bale
of Contracts for future delivery of Cotton.
Company
AsMto Januarr
NOBPOLK, TA.
Dancy,
18 BxchauKO Place,
and
Special attentlonjrtven to the purchase
Future Contracts.
HYMANS
COMMISSION MERCHANTS,
NEW YORK.
Cotton Exchange Building,
Co.,
COTTON
No*. 16
Insurance
OF HARTFORD.
Robert Tannahill & Co.,
COTTON FACTORS
Sl
OBDEBS FOB FUTTTBE CONTBACT8.
Gwynn & Co.
Fielding,
16
Special Attention Given to the Execution
OP
Drexel.
iETNA
COTTON BUTER8,
MONTGOMERY,
W.
Jos.
James MacdonouKh. Vice- Prest., A. V. Stout,
A. D. Shepard, Vice-President, T. H. Porter,
Wm. Main Smlllle, Vice-Prest., Chris. Uejer,
J. T. Robertson. Vice-President, O. H. Danforth,
P. C. Lounsbarr.
O. H. Stsyner, Treasurer,
Theo. H. Freeland, Secretarj.
&
3r
39 Wall
Manager
Strep.
Whiting Paper Co.,
HOLTOKE, HASS.
Bankers' Ledcer and Record Papei*.
Machine Handi-niade Paper*.
Antlqne Parohment Papers.
Plated Paper*.
Bond Paper*.
AGBNTS
JAMBS
«e
D.
WHIXnoKB *
BBBKMAH
STBBIIT,
OO.,
NKW TOHC
@FedFRASER