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HUNT'S MERCHANTS' MAGAZINE.
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATER
VOL.
SATURDAY, NOVEMBER
41.
CONTENTS,
THE
ClcarlnK-Itousp Eoturns
Fluiini^tal Sltimtlon
Teniponiiy Siispeuxton of Silver CnliiHjcn
The i;icvclnnfl Coluiubuc, Cincinnati & Indianapolis
The
show
NO.
21, 1885.
satisfactory gains over last year.
In fact the cities
taken collectively record an excess over
OHBOmOLB.
a year ago of $50,129,097, or 20-4 per cent, and in this increase
."i7,3
567 Baltimore A Ohio
563 Employers and Employed
575 only Baltimore, Lowell, Cleveland, Peoria, New Orleans and
Monetary and Commercial
509
KnKllsUNows
579 San Francisco fail to participate. Below we give our usual
Coniniiirolal and Miscellaneous
571
578 table covering the week ended November 14 for 1885 and 1884.
News
eral
New York
outside of
THE BANKERS' GAZETTE.
Honey Market, Foreign
Week BndUif Non. U.
QuntatlonsofStocks and Bonds 581
5S2
Kailrond Earnings
Quotations Boston, &c
583
Investment and Railroad In-
Exohange. U.B.Beourltles, Btat«
and Railroad Bonda and
Sto k«
579
RanKo In Prices at the N. Y.
5>*0
Stock Exchange
telligence
188S.
583 New York
...
Sole*
I8S4.
$779,^1,287
I
|
Gotten
592
593
Bieadatiiffs
I
Ury Goods
The Commerci.vl and Financial Chronicle is
New York every Saturday morning.
published in
[Entered at the Post Oflice, New York, N.Y., as second class mall matter.
1
flO 20
6 10
do
ForSix Months
European Subscription (including postage)
11 28
Aniiuiil subscriptiou In London (Including postage)
£2
do
Six Mos.
do
do
S.1
These prices Include the Intkstors' Supplement, Issued once
months, and furnished without extra charge to subscribers
7s.
8s.
in
two
of the
Chronicle.
Subscriptions will be continued until definitely ordered stopped. The
publLshcrs cauniit be responsible for remittances unless made by Drafts
or Post OtHoe Money Oraera.
A neat tile cover is furnished at 50 cents; postage on the same is 18
oenta. Volumes bound for subscribers at $1 00.
Offices In
England.
The office of the Commbbcul and Financial Chronicle in London
Is with Messrs. Edwards & Smith. 1 Drapers' Gardens, E. C, where subscriptions and advertisements will bo taken at the regular rates, and
single copies of the p.i|>er «upplied at Is. each.
The oiUce of the Chronicle in Liverpool is at B 15. Exchange Buildings
WrLLIAM
O.
B,
B. D.INA & Co., Pnbllahera,
81 WUIIaiii Street,
YORK.
vriLLIAn
DANA
79
FLOYD.
dc
NEW
Post Officis Box 958.
$775,418,617
(485.3001
(+67-S;
(29.142.000)
(+2S<)
balet.)
(Tl 4.400)
(drain. .bmhtis)
(43.990.600)
(88.720.000)
(80,060.000)
(+71-2)
I87.1B6.520
6.320.500
1.868.031
$62,930,956
5.478.700
1.185.161
883.591
839.239
500.149
983,389
839,870
675,720
875,989
+38-5
+24-3
+38-4
+20-5
+5-2
197,781,191
60,433,828
(.Cotton
.
Boston
Providence
Hartford
Portland
Worcester
Springfield
Total N. England
Philadelphia
Pittsburg
Baltimore
The returns
improvement
of exchanges continue to exhibit that
(3.216,4991
(2,682.241) (+17B-B)
(88.92U.0a(lj (+175-1)
$91,173,896
5.382.300
+38-8
1,154.401
H6-0
+210
+U-4
-13-2
836.733
980.981
446.462
+16-9
+10-4
-3-8
$71,632,780
+S8-S
$101,823,960
+38-4
$37,740,784
7,182.232
12,135,989
+83-6
+2-6
-1-4
$66,589,706
7,339.940
12.080.016
+28-6
+»-8
-7-8
1.348.136
7,367,325
11,963,117
1,649.187
+272
169,764,270
$57,050,005
+223
$78.809.l!60
+18-9
$44,631,
Detroit
Indianapolis
3,!J38,930
2,880,
+124
$68,873,471
9,502.100
5,443,384
4,034.648
+aT9
8,894,
+19-6
+0-9
+3-0
1,630,806
1.672,
+6-9
1.553.344
Cleveland
2.223,807
2.388,
2,453.581
Colombus
1,371,930
1,324,
-6-9
+3-8
Peoria
Omaha.......
689,074
838,
-178
2.833.016
1.979,
Cincinnati...
Milwaukee...
Total Western..
Loots
St. Joseph
New Orleans
St.
B:an8asCttr
Memphis
marked
+68-5
153.360.961
9,132,900
4,010,050
Total Ulddle....
Chicago
Louisville
CLEARING HOUSE RETURNS.
7.
iPerCtflt
+477
$527,541,785
(1.569.691) ,+104-9;
(819.300) (+15-4)
(-1-8)
(44,788.000)
Lowell
Terms of Subscription— Payable in Adrance
For Ono Year (including postage)
1885.
of—
(.Stock:... iharet.^
TIMES.
5S7
5!i7
Week Ending Nov.
P«r Cent.
(.PetroUum..iblt.)
THE COMMERCIAL
Commercial Epitome
JOHN
1,065.
Galveston*
+43-3
8.987.681
+6-7
+34-8
+54-9
+16-6
+9-4
-6-S
+1-7
+38-1
$78,541,294
$68,560,563
+ 14-6
$87,063,111
+31-1
$18,048,217
709.143
10.758.831
4.195.271
5.084.835
2.008.86S
$15,602,352
522,512
+3-5
+3a-7
-6-a
+16-7
+18-5
+14-1
$16,712,628
711.821
10.807.690
5.393.060
5,323,817
2,043J292
1.799,000
+8-1
+14-8
-8-8
+38-3
+40-5
+6-B
9,050,
11,486,283
3,590,623
4.289.193
1.761.173
1.379,895
833.107
1.706.0-;3
+9-1
+-»-5
$37,132,106
$39,993,058
comparison with last year which has been
$38,803,167
Total Southern..
-8-2
+12-4
the leading feature of our statement for so many weeks past. San Francisco
$11,480 141
$11,542,971
$11,919,372
+49-3
And the measure of the increase is so large that, notwith- Total all
$1.098,385.647
11.075.877.180
$773.845.551
+ 390
+848
standing the very active speculation in progress on all sides, Outside New York «1!9«.'1B2.893 $246,303,796 +20-4
$316.«68.«30
* Not included in total.
the margin to be accounted for through heavier mercantile
transactions is apparently considerable. New York, Boston,
By telegraph this evening we have the returns of exchange
Philadelphia and Chicago are, of course, the main points for the five days and they show a substantial gain over the
total is conwhere speculative dealings have the most obvious effect on the five days of the preceding week. In fact, the
siderably in excess of the aggregate for any like period since
clearings, and at all these points the excess over a year ago is we began our record. In comparison with 1884 the increase
very decided. At New York, on the Stock Exchange alone, is 44-2 per cent, and with New York excluded reaches 21'8
the transactions in shares for the week under review cover a per cent.
in
market value of
1194,324,000, against $106,091,000 for the cor-
Itve
Day
responding week of 1884. Pursuing our usual method of de1885.
ducting double these values from the New York totals, there
$728,790,869
remains $390,596,287 and $315,339,755 respectively in the two Sola of Stock ($lu.)
(3,613,042)
78,548,785
years, to represent exchanges to be otherwise accounted for, or
Philadelphia
61.017.182
a gain of 23 '9 per cent.
11,017.990
There seems to be a somewhat improving feeling among the
48,479.000
13.043.638
manufacturing interests of the country, with very few dis- St. lK)uia
10.782.461
New Orleans
turbances from strikes, and those of only local importance.
Total
$936,679,805
The forwarding of the crops of the Northwest to market has Balance. Countrjr*
65.587.253
hitherto not been at most points on so liberal a scale as during
$092,267,058
ToUlall
the previous season, and yet the cities which would more Oiitaldn New York ~»5«5.47«Tl8»
particularly feel the effect of the restricted movement in gen»
* Bstlmated on the basis of the
EndinQ Nov.
1884.
20.
Per
Cent.
H-646
(1.146,539] (+2I51I
+39-9
56.139,019
$470,080,399
8
lyy End'g Nov.
188S.
1 S-
PerOaU
(8.608.9671
+ 44-8
(+118«
$644,888,381
78.118.487
+8(V7
39.S04,796
+301
41.109.944
+£»0
11.419.388
-3-5
10.141.814
38.408.333
12.0-0.8S7
11.189.888
+249
+79
45.086.000
13,670.800
+80-?
-35
8,17Si,618{
-lS-8
{838.611.464
51.578.671
+478
+rs
$838,154,448
69.131.748
JflHS.OW.lSS
+44-8
$8»4,28n.l»'i
+88«
+80^
+8T4
>2IM.OO9.730
+81-8
•249,3IHI.8M
+84-*
last
weekly raturns.
-0^
+»»
THE CHRONICLE.
568
This week the dispatch takes the form of an assertion,
from some "financiers" at Brussels, that Belgium has act-
THE FINANCIAL SITUATION.
Thursday the condition of the money market, as
reflected in the rates for bankers' balances, was a little easier,
This may seem
the average being not over 2\ per cent.
strange in the face of the active speculation in staples and
Up
[Vol. XLI.
to
the enormous transactions in stocks which have been in
progress, the latter ranging from about 700,000 to nearly
1,000,000 shares per^day, including both Exchanges. There
ually decided to rejoin the union.
It is
a
little
peculiar that
a statement somewhat to that effect has been cabled over
once or twice a month all summer, ever since the first sitting
the convention when Belgium stated her position.
During that time, however, she seems not to have faltered
in the least, as is evident from the final outcome of the
It is barely possible at this late day that she will
affair.
of
we
inclined to think
however, nothing really surprising in these conditions,
as there has been very little money going South and West
for crop purposes for three weeks now, and during the
reconsider her resolution, but
past two weeks the flow has been towards this centre.
Furthermore, the city has of late been paying up its tem-
the subject in Congress so soon to take place.
is,
are
that these frequent dispatches are simply inspired
by or
for the benefit of our silver friends and the discussions on
There was no material variation in foreigu exchange
The market has,
porary loans made in anticipation of taxes in the summer during the week until yesterday.
(thougb a good portion of these were taken by trust com- however, been steady with a little better demand for
panies and Bavings_,banks, and to that extent do not appear short than for long sterling; but yesterday it advanced to
in the loans reported by the Clearing House banks), while 4 83J and 4 86, and this, notwithstanding the buying of
made stocks for European account has been liberal for the past two
added to the payment since weeks, thus supplying drafts from an unexpected quarter.
the first of November to the banks by the Assistant Treas- It is to be said, though, that a considerable amount of
urer at New York of the wholejof the $5,915,000 advance the foreign purchases have been retained here for resale
to the Government in July last for subsidiary currency in case of an advance, and not therefore immediately
Commercial exchange continues scarce,^
(thus, as it were, setting free and making more available drawn against.
is
coming forward rapidly, there
that portion of the bank reserves) is abundantly sufficient although cotton
to account for the easier tendency of the money market being very few bills on the market against any other
referred to.
staples, our speculative craze having now brought within
But on Thursday a change occurred in the rate for its influence nearly all our exportable products. As to
bankers' balances, the demand becoming more urgent and purchases of our stocks on European account, it does not
there has also been
some
early in the season.
All
liquidation of stock loans,
this,
quotations advancing to 4 per cent, the average being
about 2f per cent for the day; while yesterday the range
was from 2@3 per cent, with about the same average.
This change,
it
was claimed,
prevailing speculation "on
previous two days,
is
the
seem at all probable that they will be so liberal hereafter,
and hence a continued supply of security bills cannot be
depended upon.
Therefore, although sterling has this
a natural result of the week ruled almost all the time within a fraction of the
Stock Exchange for the gold-importing point, the advance was anticipated, and
being largely made up of transac-
unless our staples go out more freely rates are likely to
upon which banks would at least continue steady at the advance.
not loan freely, so that borrowers requiring accommodaThe check in the outflow of money from this centre to
tions on such collaterals were compelled to resort to the the interior, already referred to, does not indicate any
Exchange for the funds they were unable to procure from rapid increase in general business. This feature is the
it
tions in low-priced properties,
On inquiry at the banks, however, we do more noteworthy because it is occurring when our large
not find that these low-priced collaterals are as yet at least crop of cotton is moving freely and when Northwestern
being offered there to any extent.
The banks report staples are also coming to market in fair volume.
It
other sources.
they are loaning
unchanged
but on good
through the week.
freely,
rates'
collaterals, at
about would certainly seem under such circumstances as if additional currency would be wanted, were enterprise at the
This suggests the
movement
in low-priced stocks is not so same time developing to any considerable extent.
And
and that the transactions are largely yet on the other hand the Clearing House exchanges are
fictitious, the manipulation being for the purpose of catch- very large not only here but in almost all_ parts of the
ing the innocent youth who have no brains, but a little country, while if the iron market is in any degree the barmoney to lose.
ometer of industrial improvement, the indications are bePrivate cables report more active money in London, yond a doubt favorable, for although bar iron has stood
where the rate has ranged from 2|@2|- per cent, though nearly still, pig and steel rails, the latter particularly,
the latest advices indicate that the market is a little are showing quite a decided change in conditions.
easier, probably because bullion has begun to flow into Rails are now quoted at
,S34@$35, against $26@$27 a
the Bank again, showing that the manipulation of the few months since, with work ordered far ahead and no
market two weeks ago, and the advance in the Bank mini- great disposition manifested to accept further orders at
mum last week, have for the time being not only served the inside figure. This movement in rails is without
suspicion that the
real as seems apparent,
to check the drain to the Continent, but to
draw
in sup-
from other sources. As yet the war in the Balkan
peninsula has had but little, and that a very indirect, influence upon London, but if the trouble should involve other
European nations a more decided impression would of
plies
made upon all foreign financial centres. At the
the better informed do not look for any extension of the contest.
"We notice that bar silver is now
course be
moment
quoted at 47 5-lGd per
since
the announcement
oz,
or about
a
fall
of 5-16d.
due first to the fact
were unreasonably low,
the formation of a combination among manu-
doubt, to
some extent
that rails
when
and next
to
facturers
;
at least, special,
at the lowest figure
upon these conditions
vived and somewhat urgent
of the supply,
demand on
came a
the part of
re-
our
they had neglected repairs in a measure
during the great depression of last year and hence the
greater need to make them now, while the more promising surroundings in which they at present find themrailroads, for
two weeks ago of the final selves encourage such work. As for other markets (aside
result of the effort to extend the Latin Union. Since that
from the speculative operations in wheat and most of
announcement the Associated Press cables have stated our staples) there has been nothing especially favorable
twice that Belgium was reconsidering h?r decliaation
this week, nor in act anything discouraging.
NOVKMDER
THE CHKONICLR
21, 1885.J
almosi impossible to convey an adequate idea of
It is
—
should become itrlngent, which does not seem probable
moment.
The following exhibits the receipts and shipments of gold
points and currency by the New York banks during the week.
the inthe character of the stock market the past week
tense excitement prevailing, the enormous transactions,
the wild, reckless buying, the spurts
in a single
day (sometimes
desire to share in the
inquiry, of
upward
all
may
.Wttk iMnt
N. Y. Bank: N. r. Bank:
KMS.OOO
Oaln..
lOO.OIK)
hnnn..
1882.000
100.000
1748.000
1037.000
Onln..
|IM,000
QoM
be^referred
can hardly be de-
imin<«nar
JToMmMt.
Nm. K, 1886.
all
— these
distinguishing features, but
its
caution, of
regard for merit or the lack of merit
all
are peculiarities of the movement, and
to as
'2(«)5
at the
in a single hour), the insatiable
the absence of
rise,
of
669
Total aold and lasal tanden.,
»9ar,ooo
.
bank holdThe'supposed settlement of
scribed m their full intensity.
ings of gold and currency caused by this movement to and
trunk-line affairs, and ^the apparent continued progress
from the interior. In addition to that movement the banks
toward a permanent and lasting peace everywhere indihave lost $2,000,000 through the operations of the Subcated, have been the incentives to the rise. They certainly
Treasury.
Adding that item to the above, we have the
furnished a good original basis for an appreciation in values.
which should indicate the total loss to the New
following,
But now the movement is exceeding all bounds, and has
York Clearing House banks of gold and currency for
taken the form of a great speculative mania, in which anythe week covered by the bank statement to be issued to-day.
Caution
and no rumor is too absurd to find
belief.
Prices had been unreasonably depressed, everyone
knows, and the situation has completely changed, so good
properties may even yet be cheap, notwithstanding the advances in them that have been established.
But it is not good properties that are chiefly in demand
thing and everything
thrown
is
is
The above shows the
being greedily absorbed.
to the winds,
—that was the
actual changes in the
movement
— now
Wetk endint Nov.
Into Banla. Out 0/ Bankt.
SO, 1885.
Banks' InterlorMoTement, as aboTe
Total Rold and lesal tenders
The Bank
H,6,S7,000
—
the
Bank Holding:
Gain. tleZ.OOO
iMBi. 2,000,000
1745.000
6,700,000
I6,i«.000
of England reports a gain
during
lion
1937.000
3,700,000
Set Changt in
IXMS.
1.803.000
£215,744 bul-
of
This represents £82,000
week.
net
from abroad and £133,744 from the interior.
the fancies, the low-priced stocks, the cats and dogs (as in The Bank of France shows an increase of 6,921,000 francs
the vernacular of the Street they would be called at any gold and of 2,107,000 francs silver, and the Bank of GerNo one concerns many since the last return has gained 1,172,000 marks.
other time), that everybody is after.
earlier phase
of the
himself about the intrinsic merit of these things.
low
quotation be
If the
the property be good
(though
is
it
for
that is suCBcient reason why they should go
The banks will not len"^ on such shares, so it is suspected that the movement is manipulated, but the advance
is a fact all the same.
For illustration of the character of
the speculation, note that Ohio Central (to which we have
once before alluded) has this week more than doubled
in value, going up from 1 to 2J; that Lake Erie & West-
nothing),
received
The following indicates the amount of bullion in the principal European banks this week and at the corresponding
date last year.
higher.
ern,
which
July sold at
in
a receiver, now
sells
at
If,
and
is
in the tender care of
20; that Nickel
it
impossible ever again
it,
moment
23
for
to
extricate
Plate, involved
would seem almost
so deeply in financial insolvency that
commands
the preferred shares, though last
the same shares were being thrown overboard at
so
we might multiply
at the
Xov. 19,1885.
Bank
Bank
Bank
of England
of France
of
&
20,920,657
19,752,916
46,300,555 43.783,305 41,332,481 41,210.513
7,456,150 22,368,450 6,970,250 20.02 S,750
Oenuany
The Assay
Office paid
for domestic
$335,543 through the Sub-Treasury
and $217,000 for foreign bullion during the
March week, and the Assistant Treasurer received the following
4 and from the Custom House.
;
instances without number.
Oongigting
IhUiet.
and Indiana roads is to be particularly
and everybody believes that
invested with promise.
It is also an encour.
U.S.
NoUl.
Qold.
38
98
«2,34'2,049 77
40
tiflcates.
$117,000
85.000
310,000
393,000
166,000
110.000
$t0.000
37,000
38.000
102.000
37,000
40,000
$324,000 $1,187,000
$25,000
19
13
69
19
Silver Oer-
Certifl&t.
$300,000
$121,000
72,000
153.000
242,000
152,000
81,000
$2,500
3,000
6,500
7,000
2,000
4 000
«287,571
198,079
514,259
746.075
357,763
238,300
of—
OolA
The
Total.
that regard),
aging feature that the sitiation of the coal trade
proving.
Silver.
£
(3hio
in
is
6old.
£
74,752.362 d«, 1 5 1,755 68,061,047 02,139,263
Total tbls -week
Total prevloas week .... 74,215,378 66,054,303 67.864,448 61,789,522
"
the future
Silver.
£
•'
mentioned
1884.
Gold.
There have been no new developments of consequence.
DiM.
Rumors, however, have been plentiful, and all of an encouraging nature.
The business situation, as already Nov.13.
• 14
said, is hopeful, railroads seem to be progressing in the
" 16.
adjustment of their affairs, new combinations for peace
" 17.
18.
and higher rates are being formed (the arrangement be.
tween certain
Ifov. 20,
official
statistics
for
is
im-
Included in the above
full
silver
coin, chiefly standard dollars.
October have been
TEMPORARY SUSPENSION OF
published this week, and they show that although the
companies mined the
payments were $9,000 in
allotment,
and
much
SILVER-
COINAGE.
more,
The New York Times has published this week an
same interview with Senator Allison of Iowa, in which among
namely, 3,562, 1G6 tons, and although this output waa
498,732
month
tons greater than
the production of the
of 1884, yet that stocks at tidewater points dimin-
other things he advocates a temporary suspension of silver
ished during the
coinage.
tons,
month from 815,907 tons to 601,616
or 154,291 tons, so that the amount of coal which
so
must
either have
We feel
that such action
much worse than
by Congress would be
same
to defer all action, while at the
gone out of sight or into consumption time the suggestion has in appearance so
during the 31 days was 3,716,457 tons, a figure of most
blance to a relief measure, that
striking dimensions.
few words with reference to
close a resem-
we cannot help saying a
it.
Assuming bi-metallism or some international arrangebeen a fractional fall in the 3 per cents, giving an impres- ment for the use of silver is desirable, and that coinage
sion that a speedy call for these bonds was contemplated, in America is to be suspended as Senator Allison sugbut we have good reason for saying that no call is in- gests "in the hope that the effect would be to hasten an
The only feature
in
Government bonds
tended, for the present at
least,
unless the
this
week has
money market
"international agreement,''
it
is
important to understand
THE CHRONICLE,
570
ground of Mr. Allison's " hope ;" that is, how
if at all American suspension can quicken European cooperation, which is the same as asking how is coinage
here an encouragement to European nonaction. It is to
be noticed that we do not in this case stop to prove that
such an influence is at work though we have proved it
clearly the
(Vou MJ,
the Atlantic of another way out, and not compelling
Europe to look to itself and to its own action alone for
any possible relief. On the other hand, with unqualified
of
we
suspension adopted by us,
are able to appear in our
negotiations with Europe, not as suppliants having silver
—
to sell; not in any haste, lest such negotiations be incommost positively we simply accept plete when the day for coinage resumption arrives; not
It may be well with currency disturbance in any degree threatening ourthe Senator's suggestion as above quoted.
enough to add however that all prominent bimetallists selves; but on a common footing with other commercial
On this point it will suffice to nations, ready, when asked, to join in any feasible arrangehold the same view.
Holding that position, we would speedily find suitHenri Cernuschi, the receipt of whose recent ment.
mention M.
pamphlet we have to acknowledge, where the same idea ors, for the crisis in the Old World is daily becoming more
very earnestly enforced. In the closing sentence, imminent; and when we retire wholly from the field the
is
summing up the whole situation, he says that "so long distress which they have themselves provoked will work
and believe
often
it
;
treaty
proposed
France
"as the bimetallic
" United States and
-is
in
1881 by the
either
not accepted
out the cure.
But
by
is
it
on account of
its
influence
upon our own
in-
not one silver dustrial interests that we should mainly regret temporary
'• dollar should be coined
Only within a few weeks have mercantile affairs
for the action.
in the United States,"
pamphlet, that it tends begun to improve a Uttle, and now there is once more a
reason given previously in the
decided inclination throughout the country to go to work
to prevent the acceptance of such a treaty.
Adopting then the Senator's suggestion, the answer to with old time energy, setting the wheels of all our indus-
"England or by Germany
*
*
*
—
This has only become possible with
is obvious, for there can be only one tries spinning again.
which our coinage of dollars can exert an influence the changed condition of the Government finances and
adverse to a resumption of silver coinage in Europe, and upon the assumption that the unequivocal position of the
that must be through the belief it encourages that such Administration on this all-important question will be fully
Should there be disapcoinage continued here would end in our becoming a silver reflected in Congressional action.
currency nation, and thus our dilemma be the means of pointment in either particular, business interests would be
For there can be no commercial derescuing them from theirs. With this therefore as the only depressed at once.
correct solution, how may we suppose temporary sus- velopment, no movement which calls for enterprise in
and
the above inquiry
way
in
pension (say for two or three years) would affect the
situation ?
What would such
Certainly not that
suspension declare to Europe
we had determined
to give
up coinage
until they agreed to bi-metallism, thus shutting the
absolutely and finally against their hope; but rather
it
not imply that
we had determined
?
long as there
capital, so
Entire
rency.
to
requisite
door truth that
would
to stick to silver
relief
uncertainty respecting our curis
a pre
This seems to be such a simple
activity.
assertion sounds like an infant-school exer-
its
And
cise.
is
confidence in the basis of values
yet,
do we not forget that
it is
the test of
all
measures in the present case?
Tried in this way, would not a temporary suspens ion of
whether they accepted an international agreement or not,
and that what may be called the " silver mine party " was coinage simply prolong our distress ? We have cords of
these dollars in the Treasury.
Three months ago we were
sufficiently powerful among us to enforce its views.
For it must be remembered that there are two silver on the verge of bankruptcy. Perhaps some will object to
parties in this country and they should not be confounded. the word " bankruptcy," but we know not what other
One
is
purely
to a
itself
•'
having not a suspicion, no not even name to
selfish,
the aroma of
patriotism or humanitarianisra attaching
thread of one of
its
garments
silver-mine-party" which believes in silver
by stacking
it
away
in
call
the contingency which seemed to be before
—the paying of our obligations
us
No man
in silver.
that
accustomed to discharging his debts in full could
only because contemplate the condition of the Treasury as it was with-
Government vaults
;
this is
it
the
gives the
is
And how much
out a shudder.
better off are
we now
?
wealthy owners of silver mines a higher price for their Thanks to the wisdom our Government has displayed, it
product.
The idea carried out would make the Govern- has for the time being obtained control of the gold curment store up corn and oats and cotton to appreciate the rent. But it is by no means certain yet, that when the
price;
but these fellows have no such width to their
they are of the kind that pray night and
morning to have the blessing fall on " us four and no
" more," though they can talk as glibly, yes more glibly
than any one else, of the " gold bugs" robbing the poor
farmer and the poor laborer of their needed currency
tide of currency to the
platform;
the crops have mainly been moved, the Treasury
The other
coin; to the extent that
that
stant menace.
silver party are honest bi-motallists, who believe
the two metals having been created so that they
cannot even be
mined
separately; having
been
is
reversed,
when
may
not
The Secretary has accomplished
wonders, but he cannot work miracles. This currency
be embarrassed again.
threatens the stability of values so long as
it
exists in
excess of the country's needs for that kind of a subsidiary
As
used
together as currency by the world ever since the first
recorded commercial transaction; having been the twofold
South and West
it
competes with gold
it is
a relief measure under such a state of things
a con-
it is
posed to attempt a temporary suspension of coinage.
pro-
That
is to say, we leave the evil unremoved, with its chances
which the world's exchanges have developed of doing harm, in but a slight degree if at all, lessened,
to their present proportions and present values been built announcing that for a fixed period
we will stop adding to the
upon
must not now and cannot now without infinite wrong danger, but after that fixed period the same old sore shall
be divorced. It is to this latter party, we assume, Mr. begin to run again.
Does any one think that capital
Allison belongs, for correct views of currency have no could become venturesome, that business could prosper,
affiliation with any other.
that general enterprise could become active under such
basis under
;
—
We
We might with as much reason expect a city
thus see that temporary suspension would lack the
very quaUty which, according to the Senator's assumption,
is needed to affect European action, for it would
be leaving
that threatens
a kind of promise, the holding out of a hope from
finger.
this side
conditions
to
?
engage in
its
usual activities while the leak in the dyke
its
overflow
is
only covered by the boy's
NOTBMBEB
THE CHRONICLR
21, 188S.]
THE CLEVELAND COLUMBUS CINCINNATI
INDIANAPOLIS.
d;
[n view of
rumors
this
advance
the
week
of the formation of
rates,
some kind
and the
of pooling
compact between it and the other roada in the territory
between the Lakes and the Ohio River, the affairs of
the Cleveland
Columbus Cincinnati
increased
attracting
attention.
It
k
is
that
in
thia
ten years the
period of
has undergone decided enlargement, and
consequently the lower receipts on this enlarged
traffic
traffic
have
fol
lowed from lower rates
;
the extent of the
decline, however, can only be understood
traffic statistics
for each year of the
TbM itomd
by reference to
we accordingly give
the figures themselves, and
Indianapolis are
only
saying
volume of
that
trunk line
in
without
671
Om Wt:
Rnmut V. ton
Orow lUnmm.
p. nUte.
recent
in
derbilt
this
road has become
an undisputed
For a long time
possession.
it
V^an-
ImmL
Loeai.
Thr'ik.
JTblaJ.
traffic to St. Ijouis
a fact which distinguished
k
it
AO.
secured the Van-
JUL
iVKgM.
from the Cincinnati Hamilton
traffic; but it was
(Jmtt
Ctntt.
%
•
ism.
and Cincinnati
Dayton, which was getting the Erie
190301.908
88831I.M1
778
1-683
1000
1.405.497
%M1JM
1878..
MS. 158.283 86.627.710 8U.T8B.948
•800
1-430
•814
7t.009.0SS
1.598.874 2.08 7,00*
1877.. 817,350,015
58.488,985 S7B.B88.800
•716
l,K*fiU 8.408304
«8.6a3388 840,845.878
8i.aa8,aM 401,107.970
•618
1S88
1308
-880
876,911385
•709
•865
1^310
•697
1,884,083 8,601384
1,807,004 3,706,406
1878..
1879.. 819.739.S4l
after the proposed
Tfcrvufk
rmght-
Throuth.
CenU.
Southwestern
derbilt
mm
From
r«ar.
years that
the freight
same period.
with the Hamil-
1880.. 818,840,400 108.887,019 490.482.810
•881
fllO
•708
8.196,780
Dayton, which consolidation could not be carried
1881.. 371,863,430 108,880,280 480,728,710
•088
M4S
•671
1,9T7374 3390366
1888.. 359,582,289
87,888300 447,411.484
•081
8,13«,398 3,100.417
90,108.018 408,486,800
-008
701
8.048.080 3.068,717
1884.. 810,093.883
87.084..306I897.678.278
•035
1176
1070
1018
•706
188S.. 813,333,437
•688
1.697,030
not
till
ton
&.
consolidation
out for want of legal power, that the Vanderbilt interest
appeared in
full
control of the property and in the direc-
tory of the company.
Since then,
stances have not favored it
however,
circum.
Combined with a period
general mercantile depression,
the
of
road has been con-
Here we
receipts,
had previously been impaired, and
traffic
movement greater by
134,366,297 ton miles than that on which the earnings of
—
among the trunk lines which 1875 were made
hardly have been worse. The dividend record, so from 263 million
strong at one time,
93UI378
see that the decrease of $128,000 in the freight
has occurred on a
fronted with a state of aSairs
could
839830S
50 per cent.
has continued unsatisfactory since. After the suspension more than
of dividends in 1876 the first dividend paid was that of average of
that
is,
the freight
movement has
risen
tons (one mile) to 397 millions, or over
But, at the
same
time, rates
have declined
from an
one-third, the local rate having fallen
1^622 cents per ton per mile to
1018
cents,
and the through rate, which even in 1875 was supposed to
2^ per cent in 1880, out of the earnings of 1879, which
5 per cent in 1881 out of the earnings of be low at 0-778 cent, having in 1884 got down to the extrawas followed by
1880; since then the only distribution has been 2 per ordinarily low figure of 0^525 cent that is, an average of
only 5^ mills per ton per mile on the whole through traffic
cent in 1883.
—
For
this
poor showing as to dividends in late years
from the unfavorable trunk line
situation, to which we shall allude further below. But the
main consideration with the road has always been the
state of trunk line business.
If that was large, and rates
good, the property could not fail to prove very profitable.
If on the other hand the business was small, or, what is
of more importance, if rates were low, the road was in a
bad way. It follows that hardly too much stress can be laid
on that circumstance. To aflford an idea of the fluctuations in its fortunes, under the influence of one or all of
these conditions, we give below the gross and net earnthere
is
a reason apart
ings for each year since
that only
traffic
1875.
It
should be understood
earnings are included, and not miscella-
1
of the road.
It is true that the decrease in earnings in late years
has
not altogether been due to the decline in rates, that there
has been a
fall in local traffic
(because of business depres-
and poor crops), and that the through traffic, which
in 1881 amounted to 371 million tons, in 1884 amounted
to only 310 million tons.
But if we go back to 1880 we
find the volume of through freight not materially different
from what it was in 1884 312 millions and 310 millions,
respectively.
Yet in the former year the receipts from
through freight were $2,126,785, while in 1884 they were
sion
—
only $1,627,028, or half a million dollars
Simply because
0-681
cent,
less.
And why ?
1880 the average through rate was
while in 1884 it was, as already stated, only
in
Thus on through freight alone there has
and that the expenses do not include taxes,
been a loss, on account of the reduction in rates, of half a
the intention being to show simply the results of the ordimillion dollars, and, of course, there has been a further
nary traffic operations.
loss on account of the reduction on local freight, and on
Mtltt
Otom Trafflc Eaminvt.
Of>erating
Ntt
account of^local and through passenger rates.
0/ Road
Exptnsti. Earnings.
Opemted.
FreitM.
Pamemger.
Note now the effects of the advance in through rates
Tbfol.
1875
391
$2,647,235
$938,408 $3,585,633 $2,726,876
$858,757
the trunk lines have determined upon. It is the rate to and
1876
391
2.537.009
958.003
9.495.012
2.801.565
893.447
from Chicago that governs the rate to and from St. Louis
1877
391
2.453.804
831.131
8.284.B35
2.770.344
514.591
1878
391
2,601.384
824.633
3.428.017
2.680.814
745.203 and other points. Understanding this, remember that during
1879
891
2.706.405
878.851!
3.875.056
2.692.307
982,749
1880
sei
3.328.200
1,009.890
4338,10S
2.976.826
a good part of the present year the rate from Chicago was
1,361,488
1881
391
3,225,358
1.064,995
4,290.351
2.967,170
1,323,181
down to 1 2^ cents per 100 lbs. on both grain and provisions,
18S2
391
8,159,417
1.179,058
4,338,475
2,963.778
1,874.697
1883
391
1.141.3S9
3,068,717
4,213,106
3,018.382
and that on grain it was reported that contracts had been
18S4
391
1.081.473'
2,618,873
.3,600,346
2.756.749
843.597
taken as low as ten cents per 100 lbs. Against this,
Thus on the same mileage net earnings were less last place the rates that it will now be attempted to enforce
year than ten years before, in 1875, and in the interval 25 cents for grain, and 30 cents for provisions.
If we
they fell from $858,757 (they had been very much heavier assume that the effort will not miscarry, then the roads
in the prosperous years preceding 1875), to $514,591, rose. will get from 10 to 15 cents per 100 lbs. more than durto $1,374,697, and have again dropped to $843,597
ing the summer months, and thia merely on the lower and
These changes have been the result almost exclusively of bulky class of freights. On the higher class the amount
fluctuations in the gross receipts, the variations in opera- will be very much more, for the rate on west-bound
ting expenses having been comparatively slight.
If we freight first-class will be 75 cents, against the official tariff
examine freight and passenger earnings separately, we of 40 cents during the summer, and against actual figures
neous
receipts,
find that while
latter,
0-525 cent.
since
the freight
1875 there has been a gain in the
against $2,647,225 in
now
very
much lower even than
this official tariff.
But suppose we take an average advance of only 10
$2,518,873,
1875, or $128,352 less.
It goes cents jier 100 lbs. and consider the railroad distance be-
earnings are
only
THE CHRONICLE.
572
tween Chicago and
New York
somewhat
(actually it is
roughly 1,000 miles
as
then this 10 cents advance
less),
mean an additional one-iifth of a cent (two mills) for
every ton of through freight carried, or more than the
fall in through rates between 1880 and 1884, which was
will
only 156 thousandths of a cent
—and
which
—that
we
a
is,
over a
little
saw, represented a
mill
and a half
loss
of nearly half a million dollars in earnings.
yet, as
If an
[Vol. XLI.
There
able hope.
one other feature, however, which
is
not of the same favorable character, nor can
its
upon future
We
results be so easily determined.
the road's relations to
latter are
its
upon the parent company.
now
Suffice
owner
the sole
m
We need
not rehearse
some
the character of
to say that the C. C. C.
it
&
the Indianapolis
of
refer to
leased roads, and the drain these
the changes that have occurred
these relations.
is
influence
St.
&
I.
of
is
Louis, and
advance of 10 cents per 100 lbs. should in this manner be practically also the sole guarantor of the rental of $450,000
realized, the company would on the 310 million tons of per annum on the latter's leased road, the St. Louis Alton
through freight moved in 1884 secure a gain in earnings of & Terre Haute, since the Indianapolis & St. Louis is not
$620,000. If the advance should amount to 12^cents, then in position to meet the rental itself. These two roads
the gain would be over three-quarters of a million dollars. together form the line to St. Louis, and the C. C. C. & I.
An advance of merely a mill per ton per mile (equivalent could hardly afford to lose them. It follows that it must
to an advance of 5 cents per
100
lbs.)
$300,000.
Of course the advance
pected to bring with
it
in
would add over make the advances necessary to meet the Alton & Terra
Haute rental, and also to cover any deficiency on the
through rates
an advance in
may
local rates,
be ex"
and thus
further benefit the road, and passenger rates, both local
&
Indianapolis
St. Louis's
own
operations.
It is this cir-
cumstance we had in mind above in our allusion to an
additional cause for the break in the dividend record, and
and through, will also be better; but after all it is the the same circumstance also accounts for the increase in the
through freight that must be depended on to contribute company's funded debt thathas been so steadily going on.
At the end of 1881 the bonded debt stood at .$6,408,the heaviest gain. This through freight (taking the tonnage mileage) constituted in 1884 over 77 per cent of the 000. On December 31, 1884, it had reached $8,816,000,
million ton miles out of 397 millions), and since then two millions additional of the general contotal freight (3 1
and there is probably no other old-established road that sols have been listed on our Stock Exchange, making the
has such a large proportionate amount of this class of busi- total debt $10,816,000, or $4,408,000 more than four
Consequently the C. C. C. & I. has relatively more years ago. Of course we do not mean to intimate that
ness.
to gain or lose
by changes
in
through rates than any of this represents advances for
On
deficiencies.
the con-
the other trunk roads or their immediate connections, and trary, it represents the cost of improvements, betterments,
&c., made on the leased properties, and some of the surthis is a fact that should always be borne in mind.
We
stated above that 10 cents per 100
and
Chicago
per mile, yet in
New York
lbs.
in the rate between
meant
mills
2
per
ton
plus earnings went in the same direction and therefore
could not be distributed as dividends to the stockholders.
1884 the rate realized was altogether These kfased properties have been entirely reconstructed
per ton per mile that is, a little since the company acquired the Pennsylvania interest in
—
only
5^ mills
above what would be a 25 cent basis between the same, and large amounts have also been spent for
the two points in question. And this illustrates how betterments, new equipments, &c., on the C. C. C. & I.
extraordinarily low rates fell in 1884 (and as is known the itself.
same condition existed for the greater part
year)
when
the total of
all classes
of the current
of freight,
It is
unfortunate that the company's statement furnishes
some of which no account
sbould ordinarily return between 60 and 75 cents, yielded
of the current operations of the Indianapolis
But the advances made
St. Louis.
to the
&
same are given,
an average of only about 25 cents, or just what under the and for 1884 are stated to have been $1,087,294. In 1883
advanced tariff now to be put in force the companies will they had been $1,109,798, and in the earlier years less.
get for the very lowest class of business.
All
this,
The last report announced, however, that the work of
have reconstruction, "which had been deliberately entered upon
apparent that during the summer of 1882," was now substantially ended.
together with the fact that Ihe road
the through business of the Erie, makes
it
is
to
the outlook for the property has greatly changed.
The
extent of the change depends of course upon the main,
We may suppose,
of the C. C. C.
&
therefore, that the future
I.
responsibility
for these properties will be limited to
tenance of the rates agreed upon. It is just possible that making good their deficiencies on current operations.
the tariff has been placed too high and that some With reference to that point, we find that in 1884 their
reduction will later have to be made.
But at any rate combined net earnings were only $189,904, while the
we must not look for the results in the accounts for the charges against the same (including the $450,000 rental
current year.
It was not till the first week in October to the Alton & Terre Haute) were $707,626, leaving a
that the 20-cent rate on grain and the 60cent rate on
first-class
west-bound freight was rigidly enforced, and the
deficit
of
Besides the deficit on these lines
$517,722.
there was a deficit of $162,180 on account of the Cincin-
25cent and 75-cent rates respectively now agreed upon
will count for only about six weeks in the present year.
So
it is hardly to be expected that the 1885 return will be a
favorable one.
It would be interesting to see the result
nati
for the part of the year that has
$602,540 for interest on bonded debt, and other charges),
was insufficient to take care of this deficiency, being only
already expired, but unfortunately our efforts to obtain the figures have not been
successful.
All
we can
statements published in
below charges in the
first
say on that point
the
is,
London papers
that from
the
deficit
quarter of the year (one of the
poorest of the
C.
&
&
I.
Springfield road (line to Cincinnati), which the C. 0.
had
to
meet as in former
On
deficiency of $679,902.
pany's
own
from
surplus
Here
years.
is
a total
the 1884 accounts the com-
earnings (above
the taxes,
$293,217, but on the 1883 accounts the surplus in question
was $664,733, while
in
1882
it
was $851,632, and
in
1881 $821,545.
in 1884,
four quarters) was somewhat greater than
and that for the eight months ended August 31
gross earnings had fallen $194,498 below those of the cor-
Thus while the C. C. C. & I.'s prospects have greatly
improved under the higher rates which it is pro-
responding period a year ago.
extent to which the
The
facts with regard to the
have thus
far
road's position which we
brought out, invest the future with consider-
posed to
yearly
the
establish,
accounts,
Alton
&
it
cannot
be
forgotten
company may be
by the Indianapolis
Terre Hau'e roads
is
&
that
the
involved, in its
St.
Louis and
a matter
of
some
I
NovEaiuEK
THE CHRONICLE.
ai, 1885.
uncertainty; anil, further, allowance
must
made
bo
also
bonds (over the
amount outstanding in 18SI), which would call for an
Bat on the other hand
additional charge of $120,000.
the deficiency on the Indianapolis iS: St. Louis should
for the $'2,000,000 additional general consol
hereafter be greatly
wiped
out.
than the C. C. U.
year ended June
or possibly altogether
diminished,
The advance
&
in
no
less
notice that
We
itself.
1.
it,
in
the
rates will help
30, 1884, that road carried 156,290,666
tons of through freight one mile, and the average
amount
—
573
inillioos.
The only year
1884-5
unfavorable results
plus,
in
in
the decade that approached
is
1876-7, and then the sur-
though nearly as low, was yet a
We
present.
called
Baltimore
that
the
trunk
lines in
attention
&
trifle
better than at
recently
Ohio was
the
to
alone
fact
among the
maintaining the old rate of dividends.
It
has been able to do that, even during such a year as the
past one, because of the
sued of keeping
conservative
policy always pur-
account very small
—
aomevrbat
than 15 millions, while the other leading trunk lines
have a capital five and six times as great. Being so
its capital
less
was no better than on the C. G. C. & I. only
There is thus the certainty of a considerable small, however, the diminution in profits counts for very
improvement in the rate, under the higher tariff on the much more than in the case of the other lines referred
trunk Imes, and that circumstance will operate in greater to. Thus taking surplus and dividends together (the
or less degree to reduce the deficit now shown by the dividends are 10 per cent) the amount earned on the stock
road's yearly accounts. Operating expenses very likely will in the late year was less than 11 percent, while in the prealso decrease, since they would naturally be heavier while vious year it had been over 23 per cent.
We have not the company's balance sheet or income
the road was not in full repair than now when it has
placed in first-class con- account (it not being customary to give at this time any
been entirely reconstructed and
thing but the President's summary), and cannot, theredition.
fore, set out in detail the changes that account for this
realized
0-529 cent.
THE BALTIMORE
db
REPORT
OHIO
diminution in surplus, but evidently it is the result of a
day falling off in earnings, and this falling off in earnto show the e.xtreme severity of the depression through ings is in turn mainly the work of the low rates at which
which the trunk lines have passed, it would be found in business had to be done, though it is also partly due to a
any new demonstration were needed at
If
this late
the repori submitted this week by President Garrett at the
annual meeting of the Baltimore & Ohio stockholders.
volume of traflic on certain kinds of busiThat the reduced rates, however, were the chief
The story of the year can be extracted from one brief influence can be seen by an examination of the followsentence in Mr. Garrett's review of the operations for the ing items of the company's traffic for a number of years
Like his father before him, Mr. Robert past.
twelve months.
Garrett confines himself chiefly to facts. There is no
1880-81.
1881-82.
1882-83.
1883-84.
1884-85.
attempt at rhetoric, the accounts being presented in a
way. Deductions and conclusions are
plain, business-like
evidently left for others to make.
" The profit and loss account shows an increase for
" the past
year of
fiscal
$110,819"
—
this is
a statement
contained in President Garrett's remarks, and
it is
without any other reference or explanation.
Many
sons doubtless will pass
it
given
per-
Yet
over without notice.
it
conveys a world of meaning. Standing alone of course it
does not afford much information, but placed alongside of
the same item in the returns for other years the contrast
decline in the
ness.
Co.il
&
coke
oarrieil
On main stem
(t'asj
2,180,603
2,521,226
3,681,5571 3,283,521
3,187,170
424,521
2,402,1'30
378,917
386,626
2,447,719
678,041
439,912
2,167,696
684,C96|
966,458
443,544
2,003,982
900,694
4,639,627
6,6*7,016
6,668,383
6,393,675
6,400,748
701,935
717,858
766,163
e,633,443| 6,415,630
3,200,025
8,383,850
Ot which for company's use
On I'lttabarg Div..
OuTransOhioDlTS
Total
1,980,102
Carried to Baltimore.
050 RHO
Floor .....
bbls
Wheat
bush. 12.572!332
Corn
bush. 6,728,287
Total grain ot all'
kinds
bush 20,329,858
Live stock
tons.
116,885
Lumber
tons.
79,003
607 033
6,586,814
691,719
409,695
4,935,900
3,472,940
8,343,240 12,770,392 11,653,052 13,048,258
80,284
90,530
82,187
67,894
95,266
93,332
107,398
86,560
Through merchM'se,
Most would say it is very satisfactory
East A West... tons 2,014.110 2.043.227 2,108.325 2,275.852 2.3.S8.147
that there should be any surplus on the present year's
It is true that this statement gives merely the leading
accounts after the payment of the regular dividends. In articles, that it shows only the tonnage actually handled,
one sense that is true, most certainly and yet the real and does not tell whether the same was moved long or
is
most
striking.
;
significance of
we
state
that
Mr. Garrett's statement
in
1883-4
the
only seen
is
surplus
—$1,940,316
and loss) was nearly two millions
and that in 1882-3 it was $1,855,821 even
had been charged off for bad debts. It
profit
fore, that the
loss
of
and a
when
(or increase in
after
$854,846
follows, there-
surplus of $110,819 for 1884-5 reflects a
over If million dollars as compared with 1883-4
over 2^ millions as compared with two years
loss of
ago; and that conveys a pretty accurate idea of the cost to
the Baltimore & Ohio of the disorganized condition of
and the depression of mercantile and
that has prevailed.
The full
measure of the change under these adverse influences
can best be seen by a comparison of the yearly surplus for
a number of years past, as follows.
trunk-line affairs
manufacturing
intluatries
SDRPLDS ON TEAK'S OrEnATIONB.
1875-76
19J*.T?
IStT-TO
1878-TO
MTO-bO
•
»1.607,038
l,(tM.979
1,0P3,739
1880-81
1881-82
1882-83
1883-84
2.3iS6,081
1884-66
110,819
tl,952,575
116.940
072,607
"l.SSS.Sai
l,B40,3ia
After cbarglng off*S34,840 for loss Incurred on Marietta & Cincinnati,
Thus the surplus on the
,tc.
year's operations has been above
a million dollars on every twelve months' period back to
1877-8, and in somg yens close to and even above two
short
distances; but nevertheless
it
may
fairly
be taken
as indicating the relative extent of the company's traffic in
It shows that the through merchanand west, was larger than ever before, that the
amount of grain carried to Baltimore, though considerably
below some other years and though varying as to particular cereals, was in the aggregate greater than in the previous year, that the amount of flour delivered at Baltimore
was also greater, but that the live-stock and lumber tonnage was below that of a year ago. As regards the coal
tonnage (bituminous), there is a further falling off on the
Pittsburg Division, which was to be expected, considering
the great depression in manufacturing industries in the
vicinity of Pittsburg, and also, for the first time, a falling
off on the trans-Ohio lines, but the losses here are more
than offset by gains on the main stem, so that the
total tonnage on the whole system is slightly in excess
It is noteof 1883-4 and in truth the best on record.
worthy that the gain on the main stem is different in
character from that of the previous year then it occurred
chiefly in the deliveries at Baltimore, which had risen
from 1,654,821 tons to 2,272,352 tons, and which now
have risen only a trifle more to 2,288,949 tons the de
the different years.
dise, east
—
;
THE CHRONICLE.
574
and Western points then had only gone
tons to 556,257 tons, but now have ad- NeWrk Som.i Straitsv.
(,yw'rk,0,to Sh'wnee)vanced nearly 200,000 tons to 754,677 tons, and it is from Gross earnings
liveries at local
[Vol.
188182.
1880-81.
1882.83.
XLL
1883-84.
up from 516,771
this source therefore that the gain this year has come.
In none of these figures
portant loss from a smaller
any im-
their evidence of
is
traffic,
and we repeat therefore
oS
is
the result chiefly of the decline in
a view that
is
borne out when we examine the
that the falling
rates,
We
figures of earnings for the different divisions.
give
below our usual table, showing the results of operations of
each division, from which the different influences at work
can be the more readily traced the table also enables one
to see from what parts of the system the profit mainly
comes, and what sections are proving burdensome and
$
177,305
135,756
188,937
175,859
164,781
145,269
168,533
167,775
41,549
63,191
13,078
56,681
19,512
49,434
50,560
43,603
29,922
2,979,789
1,437,604
2,813,172
1,334,897
2,294,827
1,252,695
1,999,960
1,226,541
1,542,125
678,807
1,478,275
681,725
1,012,132)
683,493,
773,419
678,858
445,615
Expenses,
t863,318
11796,550
Net earnings
Rental (30 per cent)
Deficit
.
118,430
147,632
768 def.29,102
35,529
64,631
Pnts.&Conn'Uav.{Pit's.
Cumberland & Br's)
Grops earnings
to
Exi>ense8
Net earnings.
Interest
2,500,548
1,376,075
i
1,124,473
Surplus
(1)
;
what a source of profit. We regret that there are some
few particulars missing in the figures for the late yean
but this is owing to the absence of those particulars in
Tot.of aU lines opVaVd
Gross earnings
18,463,877 18,383,876 19,739,837 19,436,608 16,016,642
Expenses
i
II
11,390,479 10,929,213 11,034,014 11,676,S07|10,973,585
Net earnings
7.073,398 7,454,662
7,760,3011 6,643,057
Out of this $466,374 was paid for construction of rtouljle track.
Out of this $j03,213 was spent for additional double track, Ac.
Where every division shows decidedly poorer results
Mr. Garrett's report; thus nothing is said about the than in the previous year, it is scarcely necessary to refer
item of interest either in the case of the Pittsburg & to each separately, and yet it is important to observe that
Connellsville division, or in that of the Chicago division; the heaviest losses and worst results are disclosed by
though previously they have always been separately
fied.
On
the Pittsburgh
&
speci-
Connellsville division particularly
would have been interesting to have the item of
it
est,
that
since
road,
as
Mr.
inter-
Garrett states in his re-
marks, issued a new 10 million 5 per cent second mort-
those divisions having
the greatest amount of through
and therefore most affected by the demoralization
that has existed in that traffic.
Thus, on the main stem,
gross has fallen from $11,506,958 to $9,733,252, and net
from $5,237,742 to $3,969,900— an enormous loss. On
traffic
advances made by the the Chicago division, where of necessity the through traffic
But even without these details constitutes such an important item, gross has dropped
&
from $2,046,881 to $1,724,612, and net from $488,988 to
the table annexed will be useful and instructive.
$261,605.
Likewise on the Parkersburg branch, which is
1880-81.
1881-82. 1882.83.
1883-84.
1884-86.
merely a link in the through line to St. Louis, gross have
Main sum (Batto. to
declined from $643,163 to $547,757, and net from
WhUng and Br'nchet)-
gage during the year
Baltimore
(chiefly for past
Ohio).
Grosa eaminga
11,122,260 10,656,570 11,579,839 11,506,958
6,275,644 5,983,626 6,147,656 6,269,216
Expenses
Net earnings
4,848,616
4,572,944
9,733,262
5,763,352
193,533
Net earnings..
354,366
133,103
221,253
335,944
155,613
315,308
120,537
180,331
346,505
124,257
194,771
Parkersb^g Br.iOrafton
Parkersburg}—
Gross earnings
712,158
639,736
Ket earnings.
624,665
510,594
72,422
Expenses
108,071
738,527
478,466
643,163
601,440
647,757
498,909
1,006,025
987,402
672,470
1,103,839
777,758
228,267
314,932
387,789
376,638
295,860
352,109
..
345,591
886,343
409,420
371,058
716,050
1,169,773
793,135
1,060,166
764,310
Keutal (35 per cent of
.
Deflclt
df.123,842 del. 30,659 snrp.1,446
Lak» Ertt IHvJNtwark
to Sandusky)—
Gross earnings
Net earnings.
,
Borplns
<7Me. Dtv.
O., to Chicago.
75,202
899,792
787,418
940,769
706,068
999,128
707,347
1,016,508
764,808
817,786
697,866
234,701
194,350
291,781
194,350
261,700
199,350
119,919
199,350
1,638,662
1,185,592
1,692,007
1,245,600
1.878,167
1,304,664
2,046,881
1 ,557,893
1,724,612
1,463,007
Taxes
453,070
46,871
446,407
47,815
673,503
48,013
488,988
60,369
261.005
Remainder
Inton £1,600,000 1'n
406,198
391,016
398,592
886,837
526,490
388,957
428,619
390,954
11,755
136,633
37,665
Net earnings..
t
Surplus
WhuUng Pitts,
16,183
ic
in the route,
Expenses
Net earnings
decline,
we
Shawnee
the
Newark Somerset &
there was a special
are told,
in a
reason for the
strike of the miners of the
region, causifig a s uspension of the coal traffic of
the road for almost the entii e year.
Taking
all
divisions
together, the
decrease in gross
The grcss earnings are the
$2,117,244.
made an important
the Baltimore
(?)
divisions.
these
A
& Ohio
63.557
52,463
1,094
69,380
68,229
72,091
40,070
141,896
123,275
32,021
13,621
43,788
86,337
112,126
95,457
299,372
291,531
8,46:
16,668
'<"" imP- ove.iieiit.s, Ac.
t Tiui i?em fsf ha;r'!'!'','iP'""
'"='^''""' "' '"« M«'» Stem.
* The * cm<ut^ of t1 rl rm rt'n""'l''»'
•relOT 1884 5 in? ul^^M >. th ti!o,oTf''.V,rvi£*^'^'^^
the Whole being lu.o™ aB',he"^'C>l2g'i"pItt?bu?|
Wrts'loS.'*
* B"^'™"™.
The
de-
difference in the results to
years ago nearly every one of
at a profit,
as a gratifying feature.
net
of the operations of the different
couple of
was operated
in
smallest since
1878-9, and the net the smallest since 1876-7.
cline has
(1)
PVtsb.llov,lheTnl.Washr
ton. Pa., In Plltsb'rg.)
Gross earnings
Operating expenses
On
Pittsburg Southern) gives.
Bait.
iWhtiVgVoWaah.Pa.)Gross earnings
Net
form part
earnings for the year reaches $2,819,966, and
iU.)—
Expenses
amount of traffic over those
and giving promise of
further increase in the future. The same circumstance will
e.xplain the relatively good account of itself that the
Wheeling & Pittsburg division (composed in part of the
pieces that
62,350 def.79,431
Jujic.
Gross earnings
one end and the Pittsburg Southern at the other
at
Straitsville division
(lef.81,976
(CMC.
clef.
112,374
194,350
Expenses
But the Central Ohio has had the benefit of the
opening up of a new route between Cincinnati and Pittsburgh, in the completion of the Columbus & Cincinnati
end, throwing an increased
to Colaini)U8)—
Expenses
comparatively small, though both form parts of through
Midland
141,723
Cent Ohio IHo.l,BMaire
Gross earnings
division (Newark to Sandusky), while on the
Central Ohio division (Bellaire to Columbus) the loss is
lines.
to
Bental
not materially
a comparatively large loss on the
is
Lake Erie
363,r)70
•160,037
(partial) ..
gross earnings)
There
different.
Gross earnings
Net earnings
lines the story is
6,237,742
Washington Bratich
(Beiay tcWitshingtoti}-
Expenses
$141,723 to $48,848.
Even on the trans-Ohio
The
and we referred
to that
past year they have almost
The Central Ohio Division,
been operated at a loss.
Lake Erie Division, and the Straitsville Division,
clearly show a deficit, the Chicago Division it is easy
to see has also earned considerably less than its fixed
caarges, and the Pittsburg & Connellsville line must likewise, it would seem, be placed in the same list.
Such results as these furnish a very significant mpasure
of the effect of the ruinous rates which have prevailed
during the strugajle between the trunk lines.
That the
conflict has been brought to an end is therefore reason for
most hearty congratulation.
all
the
NOVEMBBK
THE CHBONICLE
81, 188S.]
The
EMPLOYERS AND EMPLOYED.
facts
676
can be summarized only in the briefest pos-
The Railroad Company compels every person
Some very interesting contributions, both written and entering its employ to devote a part of his eamings to
practical, have been made recently to the diacusaion of making provision for sickness, casualty or death; and the
that branch of the labor question which concerns the rela- company itself has appropriated many hundred thotuand
sible
and
employers
between
way.
employed. The old relation has been completely destroyed,
and that which has taken its place is something far differNo longer does the
ent and much less satisfactory.
farmer's "hired man" live in the house of his employer,
and sit at his table; the journeyman carpenter or shoe-
to which its serupon which, in case of need,
they are entitled to draw. There is a minimum sum which
is deducted from the wages of all who consent to join the
association, but each employee may increase this contribution, with a corresponding benefit, up to a maximum.
maker, living on terms almost of equality with the slightly
Provision
tions
that
should
subsist
dollars as nuclei of the several funds
vants
make
is
contribution, and
thus
made
for a daily allowance of
money
for
more prosperous or enterprising journeyman who paid him temporary or permanent disability to work, and for the
The causes of the change which payment of a lump sum to the legal representatives after
wages, has disappeared.
They are, first, the death of each person contributing; the payments being
these examples illustrate are well known.
industrial undertakings, which larger when the disability or death is the result of accident
the magnitude of modern
has led to a minute subdivision of labor; second, the sub- while in the discharge of duty than when it is the result
The company has also established a
stitution of corporate for individual employers; third, the of other causes.
growth and adoption of the spirit of modern political savings bank, the funds of which are lent on easy terms
economy, which logically inculcates the treatment of labor to those who wish to build houses for themselves; it mainwith the same consideration, and no more, that is accorded tains a superannuation fund for old servants of the company;
to any other of the raw materials or tools of manufacture. it operates a free circulating library, and has established
The migratory habit, fostered by the ease, speed and reading rooms for employees at important stations on the
cheapness of travelling in our times, has had a tendency in line; it transports the children of its men to and from
the same direction, by seeming to destroy the sentiment of school along its line, free, and gives half-fare transportaattachment to one place and to one set of acquaintances tion to the families of contributors; and, under contracts
and associates. What these causes if they are the true with hospitals, physicians and surgeons along its line, the
—
—
an almost intolerable situation. cost of treatment of contributors is greatly reduced.
causes have produced
one says, and every one believes too, that the
Pullman is in certain respects an ideal town. It is
Every
interests of labor and of capital are identical; and yet those wholly owned by the Palace Car Company, and most of
There is well-nigh a the heads of families are employed by that corporation.
interests are perpetually clashing.
total lack of sympathy between employer and employed. It was laid out and all the sanitary arrangements for a
is
workman
city of 100,000 inhabitants were made before a single
and the house was occupied. Sapplied with an ample amount of
oflScer who speaks the fatal word, let his sympathy be fresh, pure water; drained both by the surface system and
never so keen, must discharge the duty which he owes to by a system of underground sewers, in the most perfect
The workman, on his part, feels no other manner; provided with a variety of attractive public
the company.
emotion than one of regret at the loss of time in finding buildings; constructed, as to its dwelling-houses, of duranother place, and of inconvenience at being obliged to able materials, every tenement being connected with the
remove.
gas, water and sewer systems; with all these arrangements
We need not enlarge upon this lopic, or set forth at for the material comfort of citizens, it is no wonder that
greater length the condition of things under which wage the death rate in Pullman is somathing which other highlylaborers have become, so far as their employers are con- favored and most healthy towns may hopa to, but rarely
cerned, merely a part of the machinery of industry; and do, match.
The treatment of its men by the company is
The corporation which
because there
is
dismisses
a
nothing for him to do,
faithful
is soulless,
under which the employers themselves have thrown off most wise.
Besides excluding from the town, rigidly,
responsibility for what their "hands" may think, do or whatever might injure the habits, or minister to bad
say, or what may become of them, when working hours habits, it pays good wages, prefers a resident of the town
are over.
It is the fact that the existing relations lead to to a stranger, a married man to a single man, and by other
a vast amount of friction, irritation, and loss to all con- rules manifests an interest in the moral and material welcerned, that has caused some wise managers of corpora- fare of its men after their work is done as well as while
tions and large employers of labor to endeavor to devise they are doing it.
means for establishing a better understanding between the
These are most interesting experiments. At present
parties. The most notable examples of eff art in this direc- they are nothing more than that, but such as they are
tion on a grand scale are in the communities formed by M. every one must wish them success.
The motive behind
all
Godin, at Guise,
m France;
by Herr Krupp,
at Essen;
by Sir either was not philanthropy, but the idea was to get better,
more faithful and more attached service, by stirring the
Titus Salt, at Saltaire, in England; and by the Pullman Palace Car
Company,
at Pullman,
111.
Of a
different class, but
men to something like gratitude,
or at least by helping them
by contrast with other wage earners they were
tions founded and maintained by some of the great rail- well treated.
The real test has yet to come. Those who
way companies of England and the Continent of Europe, remember what the Pacific Mills corporation was under the
and by the Baltimore & Ohio Railway Company in our wise, watchful and fatherly management of the late
own country. What has been done at Pullman is told in J. Wiley Edmands, and who know how bitter a strife was
a joint report made by the Commissioners of Labor waged soon after his death between the operatives vid the
Statistics of thirteen States of the Union, as the result of management, may entertain serious doubts of the permana careful personal inquiry made on the spot.
The opera- ence of a friendly feeling between the employers and even
not
less
tions
important in their way, are the benevolent
of
the
Baltimore
&
institu-
Ohio Railroad Company
in
employees are detailed by Dr. W. T. Birnard,
in the September and October issues of the Popular Science
Monthly.
bihalf of
its
to see that
the best treated body of workmen, under the stress of
For in the Lawrence
adversity and of reduced wages.
experiment there was a combination of some of the features
o f the Baltimore & Ohio plan with some of those adopted
THE CflUONICLK
576
fVoL. XLI.
For the moment business in all the leading centres keeps quiet.
This will doubtless remain so, at least until after the completion of the elections. Upon the result of the coming electhe month of October, of a labor trouble at Pullman ? It
tions it appears that the nature of the settlement of the
is true that difficulty was greatly exaggerated by news- Eastern troubles will, in some measure, depend, and to this
papers eager to create a sensation, and there was no strike. may perhaps partially be attributed the more cautious tone
few men left their work for some days rather than which has again enveloped commercial centres, outside the
accept a reduction of wages, but all of them who were Stock Exchange, in which the more hopeful feeling is portrayed
in the continued speculation in progress there. In that instiallowed to return, did so. This, however, does not tell the
tution there is an unquestioned disposition to discount the
whole story. "While the excitement lasted a new lodge of future, so that when the anticipated trade revival actually
Knights of Labor sprang into very vigorous existence, and ripens into a real Improvement, and the public become more
into the history of the
But we need not go
at Pullman.
intelligence, only in
Have we not had
Pacific mills strike.
A
Two
attracted hundreds of members.
meetings' of
champion
offensive
or three crowded
workmen were addressed by a
of
socialism
much
from
particularly
Chicago
;
and
success as he wished,
although he did not have so
the opposition to him was not so violent as to lead the
men
deal in securities not possessing a Government
guarantee, they will have to purchase them with the added
estimated value they would command were the expansion of
disposed to
trade an accomplished fact.
Financially there is no great change. Money is certainly
hardening, but the process is slow; meanwhile freight exports
whose assembly he forced his way, to suppress him. are becoming more encouraging. Messrs. Anger Brothers
These things may not be ominous of evil in the future, but write that in the China seas homeward rates are less depressed, and coasting work at rates leaving a margin that
they are not over-encouraging.
into
come over the Baltimore & employs a large tonnage. India business is a shade quieter,
Bombay and Kurrachee requirements having been so largely
Ohio sky. In fact the plan of that company has features
supplied during the last six weeks on the other hand a
which logically ought to make it stronger with age. The better demand is apparent from other ports which have
man who has long served the company and contributed to hitherto chartered little. The withdrawal of a dozen or
the benevolent funds, has acquired an interest which it is more "liners" for transport service in the Burmah expedia direct loss for him to relinquish. Moreover the plan is tion helps to sustain these rates. Against a falling off in
demand and slight decline in rates in the Black Sea, Azoff and
one which makes him more rather than less manly and
Danube, more Mediterranean business has appeared at better
That is more than can be said for the
independent.
Outward employment
rates, and American trade is steadier.
system in Pullman, where no man owns his own house, and in the meantime continues restricted, and rates are low except
No
cloud seems yet to have
;
where, beneficial as the feature
may
be to the people's
under a species of guardianship.
But though both of these systems were to result in
failure, there must not be an end of the experiments in this
direction. Because the situation between capital and labor
cannot be made perfect, is certainly no reason why it should
not be ameliorated. Indeed it must be improved, not in
the expectation of wholly freeing society from the harm
existing relations beget for in that case the end will be
disappointment but of minimizing it, while acknowledging the stewardship which the possession or control of
morals, the whole population
is
—
—
large capital involves.
W^onttn^Kv^s^ommzvcivLl ^wgltstt ^etos
BATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
XXOHA.NQE AT LONDON-Kov.
On—
Time.
Amstordam
Ratt.
3 raos. 12-2?» »123Vi
Ametfirdam. Short.
\ll »12-2
EaiubuTK..
3 mos. 2052 ®20-5.5
Berlin
20 52 Bl20-.'^5
{"rankfort. .
20-49
Tienna
12-6.5
12-05
Trieste
Antweri'
•
G
25-4.1
-
8t. Petersb'u
Paiig
Paris
®20-.')3
'ai.2-10
al2-70
325-50
BXOHASeS OS LONDOA.
Latest
DaU.
NOT.
Nov.
Nov.
Nov.
Nov.
Nov.
Nov.
Nov.
Nov.
Nov.
2314 823%
Sliort. 25-19 ®25-25
3moB. •25-37J9»25-421i
25-61 i4325-*>6i« Nov."
_,
"™«-
Bau.
Short.
1207
Short.
20-34
20-34
20-31
12-52
4 mos.
Short.
in a
few of the regular
berths.
Now that
there promises to be something approaching a
scramble for the privilege of opening up China commercially,
the following suggestion from an article on Burmah appearing in the Vienna Faterland is worthy of careful consideraIt says England, Russia and France are all trying to
secure ascandancy over China, but what will it profit the
world if these nations succeed in scaring the 400,000,000 of
Chinese out of their conservatism, and bringing them under
the influence of European ideas ? China is learning to make
tion.
use of her cold fields, which are the largest on earth, and of
her immense beds of iron. What if with her cheap labor
she some day begins to enter into industrial competition with
Europe ? This possibility seems by no means remote. The
day when, under European direction, a manufactory is set up
in China to manufacture, with Chinese coal, iron goods, of
which Europe and America have now a monopoly, will mark
the beginning of a great change in the world, a change which
no one can fully measure.
The Bank of England directors have again refrained from
making any change in the rate, which therefore remains at
2 per cent, or the same as it has beea for over six months.
In view, however, of the increasing probability of an early
advance, the discount establishments have raised their ratea
per cent for
of allowance on deposits )4 per cent, giving
money at call and 1 per cent if with notice. The joint>-stock
banks have made no change. Gold is still inquired for for
Germany, but as regards the usual inquiry for coin for Scot-
%
25"24
23^83,
25-20
Europe are still far from being unravelled and reports of the
imminence of the actual outbreak of hostilities between Servia
and Bulgaria have again been freely circulated, though the
land it promises to be, partially at least, counterbalanced this
In the Bank of England
season by returns from Ireland.
weekly return no necessity is shown for an immediate advance in the rate, although a change can hardly be delayed
much longer. At this time last year the rate was raised from
4 to 5 per cent, having only been placed at the lower figure tlie
week previou-i. Then, as now, the desire was to protect the
bullion resources, trade requirements not being suffi ient to
cause a movement. The loss in reserve during the week baa
been £502,209, but the proportion to liabilities is only slightly
A satisless, namely 38'83 against 39-18 per cent last week.
factory feature is the decrease of £1,058,850 in private deposits,
from which it would appear that money has been more
wanted. Compared with a month ago the Bank of England
reserve has been reduced only about .^360,000 and the
real position remains practically the same, the chances
of
a pacific solution or of more important complications being
stock
have,
Qenoa
Madrid
4.i''8a45'g
Cadiz
Lisbon
Alexandria
Constant'ple
6178 951%
Bombay
Calcutta
New York..
HouK
Kon»,'.
BUanehai
Deiu*d
00 days
Is. 65, fd.
Nov.
Nov.
Nov.
Nov.
Nov.
Nov.
Nov.
Niir.
.Vov.
Nov.
Smog.
46-60
109-00
rel. t'rs
80 days
4 mos.
Is. 6ied.
Is. 6i9d.
4-83
3s. 5 i«d.
4s. gl2d.
fProm our own correspondent.
London, Saturday, November 7, 1886.
The status quo can hardly be said to have varied in any degree during the week.
Political entanglements in Eastern
about equal to what they were a week ago. Arrangements
for the settlement of the Burmese difficulty are being
energetically pushed forward. Politically, therefore,
nothing
has
transpired to influence commercial affairs in any degree.
bullion by about
Other deposits
£1,000,000.
about
however,
declined
the
extent
of
to
£3,700,000 but on the other hand, "other securities" are about
£3,000,000 less. Government securities have been reduced by
nearly £7,000,000.
The rates for money have been as follows
of
;
NOVKMBKR
THE CHRONICLE.
81, 1885. J
Optti
IMtritt altova
for dejMtiU b)/
mark$t ra(M.
BanhBm.
Joine
Tlirrt
1
"
t
IMm'C H**!
U
four
Ms Bloek
Ma TkrM Four
7(0
nttU'Mmlhs itonthM<MonUu'Montlu Bankt. OaU. D<iy$.
{
—Hr
—BrporU nrUltha
ToUtl Imporit
,
Oeloher. lo Jloullu.
Trlih
.
Tniteauu.
Lon'ton
577
'
I'rntliicli,
Oclolier.
t
1
ttr.
.
Monlh»
III it
Uf.~.
M'lnlht.
Cnlii,
Oel'iOr-,
\<)
£
M
IMR.... aS.8Sa.7S3 l)M.l?M.r,n
1W4.... ai,i>H7.i»ii »a,tiM.!-m
Zl.t'W.S.'Hl
1888.... a!>.7S73^7
l«,»7l.ll)i
n.lTinm
?'V».M'l<t.'ill
li<>.4ll.lll'!
a|-.i,HU,45J
•
-ilixnoo
•
»l«
Ml
The following are some of the Km
10|
a
"
Nuv.
M-M
a
1
-1
The following return shows the positioa of the Bank of
Baok rate of diBcount, the price of consols,
the price of middling upland cotton and wheat, and the Bankers
Clearing Uouse return, compared with the throe previous
years
1885.
1884.
01roaIatlOD,exolncllnK
*
7 rtny >t other bills.. 2.5,044.3r.5
Pnbllc ilcpOBlts
3,107.22(!
25,917,.'i(;8
Govenuii'tseourltles. 12,123,7tf7
Other Bii< urltleg
20.374,018
Bea've of notpti A oolo 11 ,343, 1 32
Coin and bullion in
both dipartiueuUi.. 20,«37,497
of reserve
tollabiutlos
Bfuik rKtr
1882.
1883.
«
M
25.693.075
4,180,4,'>2
4,209.643
21,597.475 23,587, S41
13.709.!)i»S 13,079.008
23,387.140 19.822.133
9,517,237 12,136,f.68
26,295,200
2,^10.323
23.294,300
11,231.067
22,788,340
9,712,012
19,298,157 22,080,213
2
OOD«oli>
Etiff.
c
p.
p. o.
34
5
31».
4(1.
p. 0.
p. 0.
1001m
lOO'i,'!.
wheat, av. price
10 mouUis ..
A.lloountrle8-Oetol>cr
lOmontba
32s. 3a.
43^ P.O.
37»4P.
0.
5 p.
10218
40n 4<t.
3 p. 0.
"
"
101«18
Wheal.
United States— Atl. ports— Oct ..
10 months
ports— Octolier
10 mouths
All countries— October
10 niontbs
40s. 3d.
5 Bad.
9»8d.
.
bullion market
Gold has routlnucd In fM)od dciuaod, and imthlnK has been sent into
the Bank but Bovcreitcns, to ihe value of £34.000; these have been received fioui .AuHtralia and South .Viiierlea. There have t-een withdrawals
of bars and coin for (leriuany. K>;ypt and the Bver Plaic tfl the amount
ofilllH.OOu. The Garonne has brought £2.'),000 from Australia, the
Ell>e «17H.OOO from River Plate, the Medway «1 7,000 from the West
The
Indleii, and the Valparaiso £25.000 from Chlii— total, £243,000.
Llebnet/. has taken £50,00u to Kueuos Ayrea and the P. ii U. steamer
£100.000 (Kovereigui<) to Egypt.
Stiver, with a larce arrival at the beginning of the week and a scarcity
of buslneFs iu India, fell to 4Ta3d., the market closing weak at that
Ogure. The result of the tenders for the India blllo yesterday gave a
little more tlrniuees to the Indian eiohanicp, but in the absence of supSlles the quotation 1« nominal iit l7%d. We have received £3.'>,0C0 from
ew York, £70,000 from Chili and £31,000 from West Indies-total,
4136,000. 'I he P. & O. sleamtrx have taken £196,000 to India.
Mexican dollars have remained steady at 47i«d., with buyers on
French Government account. The Medway brought £60,000 from the
West Indies
England has received tenders
of
bills,
to replace a similar
amount
7,H».i,l)7-l
C.5-<8,77*
l,i'2J,0«l>
11,881, rii4
11,754,113
746.93a
0.274,011
1,169,807
973,878
12,888.015
01,955
7,5»«,022
3,826.830
41.323,783
ll,98t.9.!3
359.392
..
,.
..
Owlt.
817,254
10,y5r.,097
6,223.903
56,140,176
487.467
9,66.1,041
7. 1,1,007
13,101,718
4,65 i.OM
52.9:11,953
Flotir,
..
.
.
..
.
,
79M«R.
880,097
1,057.291
9,542,247
1,506,198
8,521,320
1,243.442
12,601.816
13,731,610
13.44S;S
EXrOBTS TO U.VITEO STATES.
1883.
Yards.
4,382.200
53,586,300
6.743,300
Cotton pleoe goods— October
10 mouths
Linen pleoe goods— October
10 mouths
Woolen fabrics— October
10 months
Worsted fabrics— October
The movements
353,100
4,619.100
4,182,700
30,146,500
£
Do
10
'
£
I
n and from
1888.
£
10 Miotittis.
2.i)(i6,700
29.053,400
I7istt«t
Statu.
lass.
£
I
039,302
aSS.OSS;
883.491)
7,881.444 7,041.786 7,884.177
92»,80»:
829,818
563.120
7,713.385; 8.76 1, 08'* 8.520.091
.
217,1<}5
3,931.400
1884.
8.12.923' 1.103,718
M2,700;
».72I,M2« 10.4il7.101
1,118,875 1,551,022 !,40tf,lM
5,S8«.370 10,1H2,309 t',530,819
moBths.
60,091,800
have been as follows:
2,720
7,7o2
B.OO.'i.ilOO
896.396
224.20<J
875.ti30
6d0,665
1.830,441
19,300
190,300
3,407,396
2,077,287
6.961.1158
Imports In Got.
Do 10 months.
Exports In Oct..
Do
1884.
4(),9<19,700
."..33G.200
4,341,800
61,441,000
300,800
4,682,100
2,415.700
3I.380,80j
andfnm atl OauntrUa.
1863.
1885.
Yard*.
2.036.900
47,361.0i)(l
in the precious metals
To
Imports in Oct..
Do 10 months.
Exports in Oct..
1884.
Yardt.
3,185,100
63,.557,t;00
lOmonths
&
The Bank
..
18M.
Cteli
324.725
8.447.083
532.468
,
United States- October
10 mouths
All oountrles-October
10 months
<i
Mid. Upliimli'otton..
4l6,..d.
5d.
69i»d.
lOd.
No. 40 imile twist....
S'gd.
9Vid.
Oleat'K-Houseret'n 123,939.000 131.296.000 97,717,000 102,o8u,.;00
of the
Messrs. Pixley
Abell write as follows on the state
Treasury
..
Faclllc
1881.
CtrlM.
20,257,212
2.^,530,920
Projwiri'ti
30-18
Ooflnn.
Prom United Statw— October..
Eingland, the
Other aci'oslts
IMPORTS.
18R3.
IM88M's>>ta3
30 a
n!
H exports:
h
HH-
1«« -
-
.m-l
l.t3.108|
'43.850
160.800
2,428.TSt
90'
8.2421
500
811
Inactive markets have again prevailed in the grain trade!
very moderate busines* has been done.
The hand-tomouth inquiry has been persisted in so far as wheat has be«a
A
for £2,890,000
just maturing,
concerned, and prices have remained about the same. The
and colder weather and the slight improvement in
the New York
lOd.
market have had little or no influence upon the trade, which
which were issued in August last at a discount of £1 2s.
The allotments were In bills at three months, promises to retain its apparently chronic characteristic of
£1,860,000 and six months £1,010,000. Tenders for bills at inanimation, at least until the turn of the year. AH specula-
per cent.
:
three months, at £99 Os. 8J. per cent, will receive about|,70 per
cent above in full and for bills at six months, at £98 139. 5d.
and above, in full. The average rate forthe three months' bills
;
;
was £1
188. 8}.^d and for the six months' £2 10s. lid. per cent.
In October the average rate for the three months' bills was
£1 38. 3d, per cent.
The tenders for the Gishome (New Zealand) Harbor Board
loan for £200,000 at 5 per cent, amounted to £890,000, at prices
ranging from the minimum of £99 to £104. Tenders at £102
secure allotments at the rate of about 47 per cent of the
seems for the moment to be dead. The importations
Kingdom have been on a more liberal scale,
notwithstanding the contracted American shipments. Indian
produce is coming more freely forward, shipments from
Calcutta having been stimulated during the recent transient
excitement.
Unfortunately for the trade the grain ia
arriving at an inopportune moment.
Had the New York
market continued to show signs of steadiness, the tone
here would have unquestionably been firm, as our market
but the weakness
is merely the reflex of that of America
there has been reproduced here. Statistically the positioa has
tive life
into the United
;
amount applied for, and those above that price were entertained in full. The average price was £102 23. percent.
The fpeciilation in Arcerican railways continues. Large
purchases are being made. The iniation of the movement of
course comes from your side, but the present week has seen
some absorption of stock by German operators. It is beginning to be questioned here whether the market is not
becoming over-inflated. A decided reaction would at no time
create surprise. The principal movement this week has been
in Chicago Milwaukee & St. Paul, which has risen nearly 7
per cent. The variations in other issues varied from 1 to 5
per cent. Tliere has been some excitement in the Mexican
railway market, causing the preference issues to move up 5
to 8 per cent.
It was expected that the dividend on the 1st
pref. would be paid in full, but that the 2d pref. would remain
at the rate of 3 per cent was an unlocked for boon, and the
"bears" were rather heavily caught in consequence.
The Board of Trade returns, published to-day for October,
are again destitute of any signs of reviving trade.
Both
imports and exports continue to contract. Whatever improvement may have occurred is certainly not in the export
trade. The imports for the month show a decrease of £1.339,805,
making the
In the exports
for the ten
The
total deflciency for the ten
tliere is
months
months £13,
1
;
5,000,000 qrs. or 34 per cent.
The following return shows the extent of the imports of
cereal produce into the
United Kingdom during the
first
nine weeks of the season:
IMPOBTS.
1385.
owt. 11.062.477
Wlieat
Barley
2,-i90.718
2.439,356
309,813
746,370
4,894,612
2,060,312
Oats
Peaa
Beans
Indlanoom
Flour
1884.
11,051.498
4.150,625
2,031,228
332,911
633,087
3,525,895
2,682,821
1883.
13,263,947
1882.
1.^.935,389
2.385,075
1,350,286
132,370
203,813
2.706,516
4,09(1,344
2,270,524
112.070
475,712
5.791.931
2,617.071
2.516.314,
Supplies available for consumption (exclusive of stocks
September
1882.
i5.935.3a9
9,137,239
1883.
13,263.917
2,617,071
8,792.900
23,151.519
24.703.913
26.202373
1884.
11,051.488
21,536,110
•Potal.
on
1):
1885.
Importsof wheat.owt.l!.06.M77
Imports of flour
2,060.342
Sales of homo-grown.. 8.433,291
45,768.
a loss for October of £1,789,084, and
2,662,i521
2.5I6,3M
7.751.1^0
Basllah Finaaclal narkela— Per Oable.
of £18,030,5-30.
and exports from the United Kingdom
during October and the ten months were:
imixirta into
not varied in any particular degree.
Official estimates just published of the Russian harvest give
the yield of wheat as 36,000,000 qrs., being 6,000,000 qrs., or
20 per cent, below the average. The rye harvest shows an
increase of 10,000,000 qrs., or 9 per cent oats a decrease of
25,000,000 qrs., or 35 per cent; and barley a decrease of
daily closing quotations for securities, &c., at London
are reported by cable as follows forthe week entiing Nov. ^t-
The
THE CHRONICLE.
578
Mon.
4738
1001 le
101%
2838
14213
28
14212
28
142>3
x56%
56»8
I214
10918
56%
12%
Sat.
d
Fr'cli rentes (In Paris) f r
U.8. 4J«sof 1891
0. B. 4sof 1907
Canadian Faollio
CWo.
Mil.
& St.
Paul....
stock....
Erie, common
Illinois
Central
Pennsylvania
....
..
Wed.
Tues.
4738
lOOljB
10O3i6
79-60
II6I9
12714
5538
lOlTg
Jiondon.
Stiver, per oz
Consols for money
Oonaols for aooount
477i8
1003i6
1003,«
79-52>9
1161?
12Tis
56ia
Philadelphia & Reading 12
108 =8
Sew York Central
100 'e
79-55
115%
I2714
65»8
lOOJfl
109%
BXPORTS FROM
Frt.
Thttra.
47B,e
475,6
473i8
lOOSja 100318 lOOt-ia
I003i8 lOOSia 100%
79-75 79-83 79-9,'>
11538
U538
II519
12718
I2714
1271s
5513
7,6^
55'8
101^8
10038 100 ifl
28''8
2C"8
27%
I42i«
14 -'I4
I4219
57I8
57I4
5738
]2i«
131a
13%
IO9I4
11088
IIOI4
first
week
also totals since the beginning of the
;
in January:
For Week.
1885.
1882.
1883.
$1,880,701
7,780,141
81,318.996
8,362,754
$1,087,271
4,911,683
$1,292,992
5,5J4,154
$9,660,842 $10,181,750
$5,998,954
$6,847,146
$119,858,080 $111,430,911 $103,937,763
325,341,8141 296,779,019 273,451,093
$90,017,406
250,921,552
1884.
Oen'lmer'dise.
Total
Since Jan.
1
Dry Goods
Oen'l mer'dise.
Total 46 weeks. $445.1 99,894:$408,209,930 $377.383,856 $340,938.958
The following is a statement of the exports (exclusive ol
from the port of New York to foreign ports for the
week ending Nov. 17, 1885, and from January 1 to date:
BXPOKTS rBOM NBW TORK FOR THB WBBK
specie)
1882.
For the week...
Prev. reported..
1883.
$8,109,476
297,190,377
1884.
$6,639,636
303,296,189
1885.
*7.08i.519
$6,431,943
279,137,9381 233,295,103
Total 46 weeks. 'jj305.299.8.''3 $314,935,825 $2e6.223,507|$291.727,048
The following table shows the exports and imports of specie
at the port of New York for the week ending Nov. 14, ard
ednce January 1, 1885, and for the corresponding periods in
1884 and 1883:
BXPORTS AWD IMPORTS OF SPEOIB AT WBW TORK.
Importe.
Exportt.
Sold.
Week.
Oreat Britain
France
Since Jan.X.
Week.
$323,890
West Indies
2,350
10,500
T»tal 1885.
Total 1884.
Total 1883.
$17,651
6.000
2,600
if 426,1 23
2,303,3(0
6,3S0.517
1,271,768
37,686
759.739
74,743
19,300
12.341
64,461
5,530.859
Qermany
Mexico
Boath America
All other oonntrles.
Since Jan.l
«...
$4,800
,718,476
15,49.-i
328
10,536
292.452
470,697
$6,694,900 «1.794,;:i5 $11,253,376
3,086 2,603.047 13,166.742
915,116 13,538.702
378,693
37,9.'
Silver.
Qreat Britain
France
Gtermany
..
West Indies
Hezloo
America
$115,000 $12,270,318
11,916
644,622
1,300
144.468
1,250
241,655
Boiith
Total 1885.
Total 1884.
Total 1883.
6,333
3,076
12,389
52.081
685,026
1,950
All other countries.
$27,904
l»,S6a
$131,416 *14,038,170
194,500 12,054,999
30.750 13,356,127
$21,798
77,505
91,048
514,998
365.4,=iO
742,567
10,'. 66
$1,680,754
3.275. 9U8
5,357.123
At New Tork.
Months.
1883.
S
«
Janaary
February
32.718.151
26.792,
January..
10.298,,891
23.713.450
23.530.
February
10.456,,966
12,061,811
March
28,137,314
23.097,
Marcb
11.2;8..971
11.136.786
April
26,967,843 23.833,
28.311,986! 24.063,
May
.June
Total
11,762.029
April
9,»T
May
9,519,474
9.299.287
29,464,
June
9,637, 321
31,258,
July
11.717, 836
9,455.248
13.108.338
27,116.832
28,149.209
28.937,
Augruat
13.242..431
12,825,196
29,229,
September
12.151..709
11.987.968
28.161,182
29.855,
October
1.162
10,755,
10,362,133
28.533.986
26.392,735
July
276.236.641 270.091,153
Total
,571
9.810.822
109.039.353 112.142.618
United States Snh-Treasury.— The following table shows
the receipts and payments at the Sub-Treasury in this city, as
well as the balances in the same, for each day of the past week
BaUmcea.
Date.
Paymente.
Beceiptt.
Coin.
$
Nov.14.
"
"
"
'
Dry Goods
CUSTOMS RECEIPTS.
1884.
1885.
••
NBW TOBK.
FOKBIOH IMPOBT8 AT
TORK.
Months.
September...
October
merchandjBe) Nov. 13
NEW
Total Merchandise.
August
Imposts and Exports for thk Week.— The imports of last
week, compared with those of the preceding week, show a
both dry goods and general merchandise.
decrease in
The total imports were |6,847,146, against f7,253,676 the preceding week and |7,333,291 two weeks previous. The exports
for the week ended Nov. 17 amounted to |6,431,943, against
16,120,866 last week and f 7,816.370 two weeks previous. The
following are the imports at New York for the week ending
(for dry goods) Nov. 12 and for the week ending (for general
[Vol. XLI,
16.
17.
18.
19.
20.
741,990
1,142.318
2,460,180
820,212
828,9«5
912,135
41
89
57
89
29
51
6,905,803 56
Total...
$
1,306,175 22 168,418,171
543,887 70 168,917,112
594.087 41 169.564,251
938,549 18 169,301.975
650.09.1 06 169,475,794
935,480 64 169,480,563
Ourreney.
99 9.510.694 32
99 9.670.184 51
69 10,889.138 97
51 11,033.078 56
65 11,033.129 65
52 11,010,015 65
5,469,275 51
—
Denver & Rio Grande 1^ estern. The proposition for the
company made by the D. & R. G. inter-
reorganization of this
ready in pamphlet form, and maybe obtained of
ests is
the committee, A. Marcus, Secretary, 53 Exchange Place.
now
East Tennessee Yirglnia & Georgia.—The New York
Times says that at the recent annual meeting, Mr. George C,
Holt, of the law firm of Holt & Butler, of this city, as representative of Nelson Robinson, carried with him proxies for
220,000 shares of stock, a clear majority of all the voting
stock issued. The Thomas-Brice party raised the objection
that the list furnished by the Central Trust Company of New
York, which is the custodian of the transfer books, did not
show who were stockholders of the company three months
before the election, and that tliere was, therefore, no means of
ascertaining who were entitled to vote. The meeting was
Mr. Nelson Robinson has
therefore adjourned to next March.
obtained a preliminary order enjoining the Central Trust ComGeorgia ofiicials from
pany and the East Tennessee Virginia
transferring any stock or registering any income bonds. Hearing takes place Nov. 24 before Judge Donohue in the Supreme
Court. Mr. Robinson in his complaint to the Court swears
that the controlling interest in the stock as held by him has
been in the same hands for the required three months, and
Bsks tlie Court to order an election forthwith, to be held as of
&
Nov.
11.
New England &
—
Southwestern. It was stated last week
that maps were tiled for the building of this road and bridge
across the Hudson River at Storm King, and that it was
reported that the Phoenix Bridge Company had made a
contract for the building of the bridge. It is now positively
announced as a fact that the Phoenix Bridge Company have
executed contracts for the work, and that they intend to push
the matter to completion within two years. The bonds are a
$6,000,000 6 per cent issue, which have been taken by the
Phoenix Bridge Company. Four leading railroad men are to
take seats in the board of directory December 1st, and friends
of the company who have studied the matter thoroughly and
know the advantages which the road and bridge will possess,
claim that it will certainly become one of the best-paying
pieces of property in the State. Bonds are for sale by the
Phoenix Bridge Companj of Philadelphia, Pa.
Of the above imports for the week in 1885, .$ -30,045 were
The Ontario Silver Mining Co. has declared its one hunAmerican gold coin and |9,847 American silver coin. Of the
exports during the same time, $14,400 were American gold dred and fourteenth dividend of $75,000, for October, payable
coin and |3,200 American silver coin.
at the San Francisco office or at the agency of Messrs. Lounsbery
Foreign Trade op New York— Monthly Statement.— In & Co., 15 Broad Street, New York.
"
addition to the foregoing tables, made up from weekly returns,
The Homestake Gold Mining Co. has declared its eighty
—
we give the following figures for the full months, also
by our New York Custom House. The first statement
the total imjKJrts of merchandise.
IMPORTS INTO NEW TOBK.
Dry
Ooodt.
TotoJ.
May
S.24fS.225
June
6,271.511
24.703.1S7
Jnly
8,721,583
Angnst
September.
January
February
March
Xerchan-
Total.
dioe.
t
*
October...
..
17.618.208
28.157.008
13.598,890
18.fi30,82J
28.845.320
11.397,821
t
26,398.811
28,175,206
25.261,039
25.996,497
35.646.728
11,319,42'
31.304.061
42,713.189
32.259.181
9,798,203
85.557.9SS
22.856.630
28.012.098
31.322.138
24,649.018
28.101.855
30,971,6»8
33.370,601
25.759,735
SS.716.883
12.193,768
25.979,743
10,291,609
..
April
Trt«i
«
banks.
Gen«roI
Dm
Ooodt.
<Mm.
t
10.808,800
10.214,498
10.385.689
6.282,984
Parties seeking investments in the South will do well to
notice the advertisement of Mr. S. G. Goodrich in the Chronicle, who furnishes as references some of our best-known
1884.
General
Merchan-
covers
24.Bfl8.i53fi
31,990,115
11,913.261
11,170,773
21.759.629
32.930.402
12.065,979
21.102.928
21.076.101
88,473.506
33.018.189
7,865,269
28,699.050
34.461,319
6.755.116
26.072.436
«? as7.n4i 1232 009 «inls!!n 040
^.^7
6,754.103
6,810,010
ini 4!tH
seventh dividend ofi40 cents per share, for October, payable a
the San Francisco office or at the transfer agency of Messrs.
Lounsbery & Co., Mills Building, New York.
—
1885.
Month.
—
issued
sur:
t
39.997.704
89.573.030
38.171.228
SS,-42,0,SO
32.K27.582
2«72«7.fi45 368.796 R82
—
Attention is called to the card of Messrs. Floyd-Jones &
Robison in our columns to-day. This firm is among the
well-known active stock houses of New York.
—
Attention is called to a notice addressed to bondholders of
the Lake Erie & Western Railroad Co. in the advertising
columns of the Chronicle.
—
&
North Michigan^
The bonds of the Toledo Ann Arbor
'
Railroad, offered by Messrs. H. B. Hollins &Co., are reporte
to be meeting with a good demand.
—
The Trunk Line contract for the maintenance of rates
tween East and West is published to-day (Nov. 30) in the RaiU\
road
1
Gazette.
NOVRMBER
ghc
Tha
THE CHRONICLE
21, 1885.J
CaI iiH.
ijauhcrs' ^axctte.
DIVIDBNUS.
followlnit dlvlrtendii
When
Per
rayabU.
f4 ^4
3 85
X X Kelnhraarka. 4 74
Xdiilldera
3 90
8iian'hl>oubloona.in 55
Mu(. I>oiililoona..lB 55
Bookt OlofA.
(Doyt Inelutiv.)
OlmeaA
WorocBliT N.
,t
Km'h. (extra)
WALL
extraordinary
17
17itk On
to
Nov. is
dem, Nov. 14
2 Dee.
>• dtniea.
I
-
3 90
'9
4 00
80
4
Tanoua ooina
- »9%* par.
— 02 9 - 9»
Mexican dnllam.. — 82>s» - 8314
Do iiniiiiinmHro'l. — 'O 9
— 74'4* - 7B">i
Peruvian aola
Silver
«IS 70
«15 6ft
>•«.
English nllTer.... 4 78 • 4 84
o»ri»>«pr««>' U.S. trade dollar*
83 9
Oii^it (O'.'Si U. S. allTArdollani
09% 9 par."
l>9><« par
—
United State* Bon«ln.— Oovemmcnt bonds have been very
and prices are practically without change.
The closing prices at the N. Y. Board have been as follows
to
13 to Jan
..
9
9
In gold for
>« and
Plvo franm
••« 87
dull
to
1
Jan.
$3
1-;
1
31 Deo,
Nov.
Deo.
iniNrellaneoaB.
x |ii i'h8
American
1
FKIUAY, NOV. •iO-.l P. M.
Financial Situation .—The
buoyancy at the Stock Ex-
(STllEET.
and
Market
The Money
Deo.
3
2
Doliiwiiri'*ll"iiii(l llioolc (<|uar.).
I'iillK .(: sliMix City (<|nar.)...
ban
bam
i^luaxulil
Pins stiver
ItallroHda.
Iowa
—The following are quotations
Sorerelfrnn
Napoleonii
have reoently boon announced
NatM of Oompany,
579
and
activity
ctiangc have continued to engross the
attention of
persons
all
..roK
4>M,1891
4>*«,1891
.coup.
4i, 1907..
TBfC
OOHp
46,1907..
38, option D.8....re({.
,
Not only has there 6<,our'oy, '95. reK
haviof; any interest in Wall
6!.oor'oj', '96. ..reg.
been no serious reaction, but the movement has grown almost 6i,oar'oy, •97. ..reK.
ds.oor'oy, '98.
reK.
steadily, and we find this wecic that many stocks and bonds es.oor'oy. '99.. .ree
* Thla Is the prioe bid at the momlnc board
been pushed upward to the highest figures yet made.
have
no laU was made.
It seems evident that the power of the immense bank surState and Kailroad Bonds. State bonds continue to be
plus, when once set in motion, and the extent of the public actively dealt in, though prices do not change much.
Followhunger for stocks and bonds when once excited, had both ing are the total transactions at the Board $314,000 Virginia
Street affairs.
:
—
—
—
non-fundaatllSi; $20,000 South Carolina
$47,000 Louisiana stamped 48
73i— 5;
5i—
:
been under-estimated, and there is little doubt that the heaviest
professional stock operators have been as much surprised as
any one
boom
else at the
breadth and staying power of the present
in securities.
6s deferred at
12|— 13f
$234,000 North
18;
$7.5,000 do. Trust receipts at \2i
Carolina special tax bonds at 7i
J; $5,000
;
do., 68, 1919,
ble, at
6;
6s,
at
$2,500 do. consol 48 at 86 $5,500 Tennessee compromise bonds
at 60i; $6,000 do. 6s at 52; $7,000 Missouri 0s,1887, at 105i;
$8,000 do., 1888, at 107J—8; $5,000 Georgia 7s gold at 113;
$5,500 Alabama Class A at 97^98,
Railroad bonds have shown some irregularity at times during
the past week, but the tone, especially in the latter part of the
week, has been very strong, and several of the lower-priced
The tran-sactions
classes have been conspicuous for activity.
have been very large, and on Thursday the total sales of bonds
.it the N. Y. "stock Exchange reached $6,336,000, said to be
the heaviest day on record.
The closing prices and range of a few leading bonds are
annexed.
;
Shall we have soon a grand
But what as to the future ?
by pools and public, and a consequent drop in prices,
or will the advance be fairly held or even carried further ? It
is useless to predict with any positiveness, but certainly the
expectations of weaknes.s and faltering have many times been
disappointed of late, and while reactions of more or less imporrealizing
tance are almost inevitable, it looks at the present writing as if
values had been re-established on a new plane. If this is the
case, and general views of the possible future value of railroad
stocks have radically changed,
part of the late advance
it
may be
seems probable that a good
sustained.
Ologing.
The open market rates for call loans durinsr the week on
stock and bond collaterals have ranged at 2@4 per cent, and
2@3
to-day at
at 4@.'5 p.
Prime commercial paper
per cent.
is
quoted
c.
The Bank of England weekly statement on Thursday showed
a gain in specie of £215,744, and the percentage of reserve to
liabilities was 44f, against 4Hlast week; the discount rate
remains at 3 per cent. The Bank of France gained 6,921,000
francs in gold and 2,107,000 francs in silver.
The New York Clearing House banks, in their statement of
Nov. 14, showed an increase in surplus reserve of |l,042,.5.')O,
the total surplus being $20,495,150, against 125,452,600 the
previous week.
The following table shows the changes from the previous
week and a comparison with the two preceding years in the
averages of the New York Clearing House banks.
Dtffer'neesfr'n
1885.
Nov. 14.
Previmu Week.
Loans and dls. $310,369,100 Deo.
Bpeole
Clrcnl.ition .
Net deposlta..
.
Legal tenders.
Lepal reserve
92,79H,300
9.952,000
380,234,200
28,757,400
1883.
Nov. 17.
1884.
Nov. 15.
$291,550,400 $323,6'2O,3O0
fl5,92ii,500
82,354,600
15,117.100
12.241,500
325.356,700 315,021,700
26,50i,l(J0
36,459,100
$133,550 $^1,339,175 $78,755,425
82,428.600
909,000 118,813,700
$."8:»,800
Deo. 1,048,600
Deo,
41,000
Dec.
534,200
tno. 1,957.600
$95,058,550 Deo.
Beaerve held.
121,.553,700 Inc
Bnrplas
$26,495,150 Ino ,$1,042,550
.
$3,673,178
$37,474,525
quiet and dull
the week, but rates have been firm, especially for short bills,
and quotations were to-day advanced j cent to 4 83^ and 4 86.
To-day the rates on actual business were as follows, viz:
Bankers' 60 days' sterling, 4 82i@4 83; demand, 4 85i@4 85i.
Commercial bills were 4 81@4 81i. ConCables, 4 85i@4 85f
tinental bills were: Francs, 5 22iand5 20; reichmarks, 94 J@
94 15-16 and 95f guilders, 40@40i and 40i@40f.
The following were the rates of domestic exchange on New
York at the under-mentioned cities to-day : Savannah, buying
J discount@par, selling 4 premium ; Charleston, buying par,
selling i@i premium; Boston, par@25c. premium; New
Orleans, commercial, 125 discount; bank, nominal; 8t. Louis,
25 discount Chicago, 25 premium.
The rates of leading bankers are as follows :
Exchange.— Sterling exchange has been very
all
.
;
;
Noxember
Demand
Sixty Dayt.
20.
Prime bankers'aterllng bills on London.
4 83>a
4 811494 Si's
4 80%a4 81
Documentary ooramerolal
PartB(frano8).... ... ...................... 6 22Jaa5 2178 5
.
40
Frankfortor Bremen (relehmarksl
ado's
94''8.*95
4 86
20«5 19%
a 40 '4
9538395's
403, B
Nor.\3. Nov.20.
89%
N. Y. L. E.* West.. 2rt consol. 68
Arlantio & P., West. D., let, 6s..
Do do
Texas
•
t
&
83
26^8
47'4
50
:10
Sflia
63
47
9mi
77%
ei^
20%
inc. mid Id. ftr. 78
Rios, 6s, coup, off
Tex., Rcn., 6p,1920j
9278
63
80
49%
22 "9
46%
89%
92
102'8
83%
Phila. 1st 6s
89 »a
&St. L. 1st 68
Previous to Septcniher range
Sold first November 12.
e6''8
46'9
.
Pnff. N. Y.
N. Y. Chic.
45 '4 June.
69 Mar.
1319 Mar.
83
& Pac
Mo. Kan. &
General, Sc, 1920-.
Do do
EastTcun. Vn. & Ga., con., 5s..
Income, (e
Do do
West Shore Ti ust Kec< ipts, 5s.
North Piic. 2d c<iup. fis
Canada Southern 1st 5a
do
2d., ,58
Do
Lovest.
24%
lyicoiiifs
Do do
^9=8
Range since Jan.
is
84%
43%
91%
44
10
Airil
April
Feb.
Jan.
Jan.
Jan.
Apr.*
1.
Highest
90 14 Nov.
84 Nov.
27% Nov.
50 Sept.
eiTggept
93'4 Nov,
SO Nov.
OS's Nov.
2:1 1« Nov.
29 "2
467iiNov.
SSisNov.l 93 Nov.f
96 Jan. 103 12 Oct.
(•5
April 85 14 Nov.
44 JNov.
38'4 Oct.
66
May
»2''8
Nov.
for the bonds.
Railroad and Miscellaneona Stocks.— This has been a
very active week on the Stock Exchange, the transactions on
several Oays being close to the highest ever known, and the
In some respects the
speculative passion is still rampant.
market assumed a new aspect, the principal feature laeing the
great activity and strength in many of the lower-priced and
usually inactive stocks, and the bulk of the immense transacThose which are usually considered
tions was done in these.
the leading stocks have been less marked, and have at times
shown considerable irregularity, the trunk-line stocks varying
under conflicting rumors in regard to the signing of the trunkSt.
line agreement by President Garrett of Baltimore & Ohio.
Paul was also depressed by free selling', though all the stock
and the price afterward
offered was quickly absorbed,
recovered.
The list generally shows an advance over last week, and
in many cases the improvement has been very marked and
important, notably in Pacific Mail, the Northern Pacifies and
Oregons, Manitoba, the Gould Southwestern roads, and many
more of minor im]>ortance. The most remarkable advance hai
been in Pacific Mail, which has risen fully 10 points, due to bull
rumors and prospects for better business, together with the
speculative support of Mr. S. V. White.
Another feature of the market has been the absence of any
news of importance, the strength being due to bull manipulation, assisted by a continued active demand from the outside
public and considerable buying from Europe. The European
war news has been made the most of as a bull card on AmericaR
products.
To-day, Friday, there was some irregularity in the morning,
but the market was more active later in the day, and closing
prices were usually strong, though in some cases lower than
on Thursday.
THE CHRONICLE.
580
rvoL. xLi.
NEW YORK STOCK EXCHANGE PRICES FOR WEEK ENDING IVOVEinBER
HIGHEST AND LOWEST PKICES.
STOCKS.
Monday,
1
Nov.
10.
ActlTe Kit. Stocks.
53^8
33
45 14 47 12
43 »3 4.")
46'8 48
10
10%|
18
18
Canadian racillo
Canada Southeru
Central of New Jersey
Central Pacific
&
Do
Do
Ohio
Istpref...
W^
lOii
181a
18%
13U 14%
139
137% 137% 137
2dpref
Chicago <& Alton
Chicago Burlington <fe Quincy. 137% 13814
96»8 OS's
Chicago Milwaukee c5r St. Paul.
II912!
pref. 119
Do
IIII3II314I
Chicago iNorthwestem
138
pref. 137
Do
Chicago Rock Island & Pacific. 129»2l32
l(ii2 IGI2I
Pittsburg.
Chicago St. Louis &
39 14 39 >4
pref.
Do
4OI3 42%
ChlcaiTO St. Paul Minn. & Om.
pref. 103 12 104 'a
bo
<;3i8 6414
Indianap.
Cleveland Col.Cin.&
Delaware Lackawanua& West 120i4l21%i
181-I914
Grande.
Denver* Kio
CI4
6%
East Teimesaec Va. & Ga
98I4
95»3
137%
97%
Oe'a
118%!
113%]
130%!
129% 129%!
118
11258 112
I7I4
IOI4
I6I4I
38
38
37
101
63
120
18%
I
63
03
j
6I4
04
120% 122
121 14
19
2(|i4
24%;
6%
I2I2
11%
6I2
I212
12
67
67
24
67
24
68% 70
24^4 24%
6%
j
Central
Indiana Bloouilngt'n& West'
Lake Erie i Westeru
Lake Sliore & Mich. Southern.
Long Island
Louisville iV Nashville
Ix)ui.><. New Alb. & Chicago...
Mauhattan Klevated, cousol..
Meuipliis * Cliarlestou
Mlcliigan Central
Mlnm apoiis i St. Louis
*25
34
35
1238
87i«
4914
SO'^s
II414
35
79%:
26
56%1
;
78
24%
6%
12 14
6%
35% 36
34
79%
25% 25%
33
7!)
i
2434
& Texas
17%!
39
03% 65%]
121%122'8l
21% 24
6%
11%
70
24
6%
36
e^a
12 14
71
1
24781
8
36%
Delaware & Hudson Canal...
Oregon Iniiirovement Co
Oregon Railway &Nav. Co...
Pullman Palace Car Co
i
I
"7914
"79=8
25
25%!
54 14;
United States
Wells, Fargo & Co
&
Banlers'
Santa Fe.
Pacific
,fc
Cedar Falls
'
1
i
;
1
'
—
I
!
,
'
!)8=8
08% 08%
23% 25 14
104% 104
99141
IO414J
99% 100%;
2434
104%
99%
25=8
25
2634
101% 104 14 104 14
99% lOOH
1(K)%
.Merchauis' Tel...
& Minnesota
Central Iowa
Cincinnati Sand.
89
IOI4
5
10=8
15
15
14%
*00
>117
6234
.
6I4
88=8
120
88=8
10% 11%
3%
4%
142
118% 120
88% 88%
10% III4
*3
5
-13% 10
118
8879
1034
3%
•14
15% 17
.3378!
150
104
62
110
887a
III4
4
18
15
15
1714
33
33
33
142
150
104
02
120
145
103
*59
'118
10%
145
329 104%
11
3%'
10=8
11
15
19
15
21%
39%
45
38
45
39 14
15
'24
*54
24%
38
j
23
23
54
130
24
54
133
.
pref. .
S iratoga
Rich.ite Alleg., stock trustctfs.
Rome Watci town & Ogden8l)'t
8t. Louis Alton &Terro Haute.
Cameron Coal
Homestake Mining.
Maryland Coal Co
Ill
New Central Coal
-
i'io
140
9% 9=8
29% 30
4-8
140
28
29
*8
*25
9%
155
30
156
15
55
98% 99%
46
46
17
17%
5
9
2778
'"'4%
"4%
45%
4714
I714
I914
8%
25
8%
28
*7
9
29% 29%
4'78"5% "578 "578
26% 26%
46
46
17% 18%
13% 13%
13
'2
13%
40
46
17% 17%
I6I4
16
13
14
14%
These are the prices bid and asked no sale was made at the Board.
;
40% 46%
18% 1914
4()i4
46I4
18
19%
22% 22%
15
1334
2
14.-.
Sept.
3 1(14% Oct.
2 62% Oct.
2 120
3
19
15
Nov. 17
310 66% Julv 22 89 Nov. 14
62,110!
8% Oct. 20 1 1 % Nov. 6
Oct. 15
'4 Nov. 14
4,300
July 23 17''s Oct. 12
300!
Feb. is 21% Nov. 20
5,836;
200 20 Mny l.-i 30% Nov. 18
4001 14% Jan.
9 lit Oct. 26
5,845 18 Aug. 25 43 Nov. 18
l!l
Nov. 18
600
Oct.
1
300! 19% Oct. 14 2ti
Mar. 17
678 IOI4 Sept. H 1K% May 19
Nov. 19
4501 10
Oct. 14 24
5,620 29 June 1 51 Nov. IS
10' 114% Jan.
2 130% Nov. iS
2 9:1% Nov. 18
4601 84% Jan
15 175 Jan
2(12
Nov. 13
305' 119% Feb. 17 140
Sept. 16
1.100
3% Julv 11 1 1 34 Nov. 5
900! 22 lo Sept. 19 33
Nov. 5
140 130% Jan. 29 l.'ii Nov. 17
1,415!
1
May 2-.' .5-.. Nov. 20
100 10 June 23 2 s Oct. 31
1,2.50 15
M.iv 1 51
Oct. 21
;
11,000
100
525
16
15%
Jan.
Jan.
Jan.
Jan.
'^
140
8
2778
87%
48
.50
14% 14%;
16% 18=8
3%
5;i30
1071
'
Pittsburg Ft. Waj-ne <fe Chlo
Quicksilver Mining Co
&
3,143
12,393
89
150
103% 103% 103
33
10%
& C'eveland.
30% 30%
& Greenville, pref..
43
43
43% 43%
Columbus Hocking Val. iTol. 38% 42% 38=8 41
40
41
41
41
Elzabettt Lex. & Big Saudy.
no 18%
17
19
"24"
Louisiana & Mifsouri Kiv...
Manhattan Beach Co
14% 14%
16
le
Mil. Lake Shore & Western..
'21%
22
22
22
22% *22% 23
Do
pref.
52
53
52
53% 52
52% 52% 54
Morris & Essex
129% 129%
*129% 132
New Y'ork Lack. & Western.
98% 98%
*98 100
98% 99%
New Y'ork New Haven & Harl.
202 202
202 202
Do
Jan. 27i 71
Oct. 12
Jan. 3 2634 Nov. 20
80 Mar. 21104% Nov. 16
06% Jan. 22 100%'Nov. 4
21 Jan. 3 34 Feb. 20
.59% Jan. 2i(108%Niv. 20
103^8 103
*59
'I'U
34
Columbia
Rensselaer
7701 51
12,015;
8
150
103
60
119
131
InactlTe Stocks.
Atlantic
;
33 14
,010
104% 104% 105%! 10434 105% 105% 108%! 27,100
66 14 09
6334 66 14
63 14
07% 70 169,519 46% Sept. 18 7i> Nov. 20
132
132 133
131% 132
133% 135%; 4.112|107%Jan. 2135% Nov. 20
79 14 80% 79I4 80% 79% 80% 248,412] 53% Jan. 21 81% Nov. 2
80
*144
103
60
American
&
i
33
io()"' ioi" 101
01 14 62I4
62
131
132 132
132
78I4
77% 80% 78 '8
77%
Kxprcss Stocks.
Adams
Atchison ioptika
i
15
_.
niou Telegraph
I
j
98%
I
68% 08%
24% -
104% 104
98% 99
200 128 Jan. 2 139% June 8
5,347 115% Jan. 2 138% Nov. 13
646,632 04-% June 8 99 Nov. 13
118 118%' 118 II9I4
8,029 102 Jan. 2K 119% Nov. 12
11376 115
115 115%172,.533 84% Tan. 2 11534 Nov. 20
136% 136%' 137% 137%; 1,685 119% Jan. 2 13973 Aug. 13
129 129
129 129
4,.548 105
Jan. 2,132 Nov. 14
17
17% 16
17
3,215!
0% Mar. 31 18% Nov. 2
38
38
38
38% 2,412] 14 July 11: 41% Oct. 31
4214 43=81 4214 43% 74,540 18% Apr. 21 44% Nov. IS
103% 105%! 104% 104%: 8,420; 06 June 8 105% Nov. 18
64
6314 65
63
4,440, 23
Apr. 30 69 Oct. 21,
122 128%! 12278 124 '138,234' 82=8 Jan. 22124 Nov. 20
'
22% 23%: 21% 23%: 19,844, 4%Jimo25; 24% Nov. 17
8i-> Nov 20
8%' 48,5201 234 Jan. 15i
678
8%;
77e
I2I4 14%
13% 14%, 43,215! 4%Juuelli 14% Nov. 20
70
70
70% 70
3.471 37% Jan. 10 71
Nov. 18
24% 24% 23% 24%t 2,900! 14 July 28 2478 Nov. 18
7% 8%; 9,885 3 Jan
7% 8
8 % Nov. 20
30
36
36% 30%; 2.2001 14 Mar. 2(i .39% Nov 20
I38I4 139
2,307 119% Jan. 17 139% Nov. 12
78 Nov, 20
23% 34% 24 14 2578; 32,325 7% June
19 14 2OI4 34,182, l%July 8
18 14. 20
Nov. 20
89% 278,461! 5034 May 12 897^ Nov. 14
87% 89=8 88
80 14 79
79
79
176 62 Jaii. 2; 8OI4N0V. 18
50% 51% 4978 51% 44^435 22 Jan. 16 513iNov. 18
40
39
39% 2,900' 11% Jan. 6 40 Oct. 28
38
17,357 65 Jan. l."i 120 Nov. 20
118%,119%i 118% 120
2,400' 27% Jan. 15 44
35
35
34
34
Mar. 7
78
78%; 78I4. 78%, 15,286 46% May 7 79% Nov. 14
25
24=8 2514 13,002 10% .Tan. 26' 20
25
Nov. 13
5214 54%; .5314 .5414 15,814 24% May 29; 5<')34Nov. 14
33% 3514 35% 37 342,895 14% Jan. 22 37 Nov. 20
105 1057h IO5I4 106
1,020 80% Mar. 21 106 Nov. 18
I8I4, 11,455!
6 June 5 I8I4 Nov. 20
17% 1778' 18
4734 48%;
46% 47
4,4101 33
Jan. 7'\ 48% Nov. 10
105% 10078; 105% 10678. 84,050 81% June 110714 Nov. 14
HI4; 11
11=81 38,926;
l%May 5 11=8 Nov. 20
10%
24=8 34,865
24
25
22
4 Mar. 25: 26 Nov. 14
9i4May 29 277a Nov. 13
25=8 27=s: 26=8 27=8 295,735
54
51
9,850; 18
55% 56
June 29! 50 Nov. 20
36% 37% 37
38%: 35,911 12 Jan. 17 i8%Nov 20
19 14 19=81 1934 20%
634 Apr. 14 2073 Nov. 17
6,215
834'
1 34 June 2
7=8
778
9
30,335
9 Nov. 20
1934 2214
21% 22% 24,750 478 Jan. 27 22% Nov. 20
12
12
13
13
5,335!
Sept. 3 1378 Oct. 24
8
32% 33 14 32% 33%! 8,080; 14 July 3 34% Oct. 26
30% 31% 30% 3II4 95,210 15 Jan. 17 31I4N0V. 18
63
64% 63 14 64=8 237,3951 36% Jan. 29 (!53rf Nov. 13
i8 June 3
1% 2
2
2% 51,379
234 Nov. 20
26I4 26%
26=8; 21,660! 10i4May
20
4, 28% Nov. 13
17% 19% 19% 20%: 14,235 7% June 24 20% Nov. 20
2714 27%
27% 28
1,020! 1478 Mar. 21 28
Nov. 20
35I4 367e 204,873; 10% Apr. 8 mi's Nov. 20
.34% 36
21
21% 20% 21%; 13,730 734 June 9 2 1 73 Nov. 18
23% 24% 24=8 25%' 70..508 13 May 29 26 Oct. 22
75 14 76
76% 81%; 3,810! 447eJ.->n. 19; S 1 % Nov. 20
3434 36%
36% 40
18,165, 18% May 29 40
Nov. 20
12,625'
2=8 Mar. 11;
4% 514
4% 5
6% Aug. 17
23% 2334 23 14 24
8,475 17% May 8 24% Nov. 18
48
4978 12,.580; 30 Apr. 30 497„ Nov. 20
46% 48
~~
9734 9734
895 79 May 12 9734 Nov. 19
97
97
37% 39
26,584 IS July 31 39 Nov. 20
34% 38
9s % Nov. 19
9478 98%' 97
98
5,425 77% Feb.
107%110i4 108% 110%; 32,11" 7934 Jan. 2 110% Nov. 20
23I4 24%
24
2473 115,587
914 Apr. H 247.S Nov. 20
(!1
62
60% 62% 95,515, 41 Mar. 1 6234 Nov. 18
13% 15
13% 1434 40,305' 2 Apr. o l.=i% Nov. 18
2278 24%
23
14
18,709
6% May
Nov. 18
140
138
9078
I
ll'J
Pacific Mail
Western
IO4I4I IO4I4
98% 99
31% 31%!
99% lOOio
60 14 61%
25
20
20
20
!
I
24
4%
MH
I
09% 69%
7
13
11
i
1
24%
23=8
I514
14,
Aug.
Nov.
Nov.
Nov.
Nov.
I
.
24
104
3
3,828i
9,5201
3,484'
47% Nov.
7i
j
I
.
Colorado Ctral & Iron
Consolidated Gas Co
26%
24' 5454 Nov. 12.
Mar. 25! 52
Jan. 31 49
Apr. 7! 12%
Apr. 7 23!is
Apr. 22 I.514
!
:
iniBcolIancous Stocks.
American Te). tt Cable Co
31
Highest.
I
53'8
.53
54
541a 5514; 53
29I2 30=8! 301s 31%
30% 31% 3178 33%
102>4 1081-3 103 104% 103% 104% 104 14 106
1:714 I5I2I
14=8 15%| I514 16%
MobilcAOhio
10% 177al
4778 48
47%; 47% 47%!
NasUv.CliattauoogaASt. Louis
46% 46%: 47
New York Central & Hudson. 105 107 14 1053a 107%; 106 106=8' 105% lOOTfli
1038 1138
10% 11% lO's 11 14 11
11%
New York Chic. & St. Louis.
24^8!
2114 26
pref.
23% 25
24
24% 24
Do
25 14 27% 20% 27% 26% 27% 26% 27I4;
West'n.
New York Lake Erie &
54=8
pref.
53
54% 55=8 54
54% 54% 55%
Do
30 14 32
31 14 31%
31% 33% 35% 38%
New Y'ork &New England
New Y'ork Ontario * western. I9I4 19% I914 19'b 19% 20'e 19^8 2014
7I6
714
6Te
6% 7
7
New York Susq. & Western .
pref.
18
I914 1938
18% 18% 1914 19
21
Do
12
12
12
12
12
12%
Norfolk & Western
32 14 33 "a
3214 33
pref
32% 33
Do
32% 33%
3II4
26% 27% 27% 2838 28% 3OI4 30
Northern Pacific
pref
Do
58% 60% 60^ 01% 62% 6414 63=8 65%
II4
Ohio Central
1
1
1%
1% 1%
'a
26I4 26%
26
26'8
Ohio & Missiiisippi
28
26
26% 27
I6I4 I6I4
I6I4
Oliio Soutliem
15% 15% 15%
16% 18
2618 26>ei *26
Oregon Sliort Line
27
27
Oregon & Trans-( ontinental.
31
32% 32
34% 34% 35%
301a 31=8
I9I2 20
Peoi ia Dceatur Evansville
19
19% 19
20% 20% 21^8
Philadelphia & Rciidiug
23% 24341 23I4 24
23% 24% 2414 25%
Richmond ft Danville
73% 74
74
74
74% 70%
32 14
Richui'd J: West P'ntTerminal
32
32% 3238 32% 35
34% 36%
514
Rochester & Pittslairg
5ial
5»4
5% 5%
5
5
5%
23 14 23=81 23% 23''8
St. Louis & San Francisco
23% 13% 23% 24%
49 14 46% 47 3j
pref
Do
46
47
48
4714 48
Do
1st pref
90
97
96% 96% 96% 96% 96
96%
28 14 28^8
St. Paul & Duluth
29
31% 30% 31% 31=8 34%
90 13 911-ji 91% 93% 92% 93
pref
Do
93% 95%
107=8 100=8 107% IO714 10778
St. Paul Minnenp. & Manitoba. 106% 1071a' 107
Texas A Pacific
21 -8
21% 22=8 22
2234
22^8 23=8
60 14 62=i] 60% 62
Union Pacific
61% 62% 61% 62%
Wabash St. Louis & Pacific
10% 13
13
101a 11
15
14
15%
Do
pref
19% 20 13 20% L'2% 23
24^8
22% 25
pref.
Missouri Kansas
Missouri Pacific
22
15
138
138
1478|
1885.
1,
,
137
33
79%
25%
22
35% Apr.
23 May
7,500
39,040
01,188
8,485
46% 47%
11% 12%i
47%
IIH
since Jan.
1885.
i
136
19=8
14=8
8938
79^8
34
78
7913
114
35
014
35
I9I4
19141
14121
89T«|
78
113=8 114=8
129% 130%
138% 138% 139 139
25
19% 21% 22
14
15% I6I4 18
13%
87=8 8878! 87=8 89%
87%
8OI4
791.3
79% 80
80
50 14 49% 51% .50% 51%
49
33% 38
38
38
II4I3 115% 115% 116% 118 119%
Illliiois
18%
98%
43=8
42=8 43%i 42% 44%
10414104%! 104 105%!
105
41%
47
137% 138
96% 98
137''e
17I4
39
136
46I4
10=8
1934
I414
118% 119
119
381a
23 13 2438
Green Bay Wiuona&St. Paul.
HouBion it Texas Central
10=8
18% 20%
14% 14%
I3714
()«
Evansville & Terre Haute
Fort Wi.rth & Den ver City....
49
48
10
118
111=8
136
131
17
136
131
45%
46
47
1,
Lowest.
i(Sh're8)
54 14
54
4014
45
44 14 4678
54
53
139
95^8
11%
pref.
Do
48^8
54
54%
44% 47
44T8 47%
4018
44% 45I4
48% 48=8
10% 10%
18% 19
14% 14%
Week
Nov. 20.
JAN.
of the
Friday,
|
54
45 14
4.5 14
47%
12% 12%
Do
54
53'8
46=8
,53
4.5 14
44 Is
Wednesday,' Thursday,
Nov. 19.
Nov. 18.
Tuesday,
Nov. 17.
I
Range
Sales
1
j
Saturday,
Nov. 14.
Chesapeake
AND SINCE
20,
15% 15%
15
15%;
2,960
5%
10
Julv 24
19%
30
22i.>
.Ian.
7% Apr.
4U May
f,
27
Nov. 20
Nov. 18
16 14 Nov. 17
1.534 Nov. la
NuVKMiutE
THE CHRONICLE.
21, 1888.]
qUOTATIONS OF STATE AND KVIIiKOAl)
581
NOVEMBER
ItONUH,
dO, 188&.
NTATi: IKtKUS.
K8.
HKCURIT1K8.
lOt)
114
Ark,
Tn,
,4
;
7!«,
^
Tk.
-
UK
.11.
1
7(1,
7ii.
11.
>:
-
lit.
>
Owrgli*
'ti
107
7
1«
la
!
10
NiMs
goM,
1
»«t.
TaniMMa*—ContlnoMI—
6», iMir MilM, 1014 ....
ao
7",
".
10.1
Ant Miir.
«ii.
100
'23.
18n9
I
1»»88. (
auniiorii 6a, 189.4
109
TmnMiie»-«ii, oM,18B3-8 Si
S2
6a, naw, 1898-8-1900
.1(1
10
6a, onnMil., 2d
Sa, deferred
6 '4
noii-fnniliilile,
Brown
6ii,new,18()«
flu, connol, bonds
8ii, ex-mstnreil conpon.
n4>aUU
OllKv-Bn, 1888
Botitli Oarollniv-
113
llA
117
0'mp-inlM.H'4-»-6«.1913
Vlraima—eK, old
904 92
lUlO
CiiiMOl. 1.1,
6«, 1919
1 :) --J
nil
IBOO
BKOnRITIKn.
Aik.
"X
llS'.j
.reg.,1887
FandlDK
BKOCKITIBH.
A(k.
7J
10»
tin, infill, i.^'.i.i
101 <a N. OttroUua— 6a, old. J.AJ.
:o3
103
112
7«. !«.(«,
HI'.;
24
IS
'
Hil
FuiiMlntr. l-Wl-Or.
Hiiiiiiinal .(. 't. Jo.i'Sa.
1.1
Hll.
Ull.
Bid.
Mluuiiii-(lH, 1K«»
6«, diiKlHMflor 1H90....
AKjM'rii nr l"mv..iluo'02
net)
I'l.,
01.1
Bn,
7«,
HXonRiTina.
LonlaUmk— 7*, (x>n».,1914
StHmn il. t.H
A*k.
BIO.
\.ieoa.
110
I
82
»2»4
011%; 01 >a
45
46
no
Dtavlet of Colambla—
S-eSa, 1934
r.3
47
>3>4
116
R«Klatere<l
f)2'4
«3
6S
la'i
aonea
roadlnitSa, 1899
110
RAIIiROAD BONDS.
sEciTRrrrBs.
Del. I.. A W.-Contln'd—
)£olTl8i.% Kaaex— l8t,7s,
2d,7«. 1891
(Stnck E.r4ttanoe Pricfu.)
107
AWll. T.*s.P(._4 Vi.lil20
SlnUnii;
All.
Ba, 11)11.
I'liiiil.
N. V. Lack.A
IMrk.
isi.i.-,
lir.,
ni2.->...*
f,s,
L,',.!.i,
.'.^.
191U.
107 «
107
«xt,78, 1891
78, 1894
Beglstored, 78, 1894
'
.
i'oo'
K.iTi.il:
.11.-..;
—
180
112
—
115
N.—
.
4-2 <^
Bnff. N. Y. .t I'.— Con».6s
Ocnt-ral. Us, 11I24
Can. :do.— 1 st, lot. guar.,6a
2d,58,l;ill«
43
Bens.
Ohio—
.t
.
I
6.^.
111
103
1911
*96
iin,
1
I
Che».O.A.-i.\v._M., 5.O3.. •87%
ClliCftKo .^' -Vlton120
Istiiimt .7<, 18113
121
SlukiiiK liilld. «s, 1903
I,a. .« -Md. Kiv.— 1st, 7s.|'122
il
*118
2d. 7s, liHHI
6t. I..Jaik.<t(iilc.-l!<t 117
lBt,lliar.(5(i4),7!l.'94 *117
1898
88%
i
&
7..-.
Douver
Iiiv.
I'lttiu4s,
C.R.I.
&
—
;»,
119
Ist.Ua, 1920
BIlz.Lox.it liiKSanrty— 68
5tli, 7.S,
133
125%
lleglMtered, 5s. 1931..
104%
101',
.Tack,
115
116
119
134%
A
.Sii>?.
128
Pac.
....
12((%'1'23
8li'4L...
86I4J 86:14
Bl^'ii
74%
74
Ext.— lat.
(is,
55
Cullalenillrust, (19,1892
Us, 1927
La.AT.— l8t, 68
Extension,
Molgan's
118
Ist. 7a. 11)18
67 %l 67^8 Nash.Chat.ASt.L.— l9t,78
68'4> 68%|
2d, Us, 1901
96
U. Y. Central—69, 1887 ..
I
Deb. certs., extd. 5a
N. Y.C.A JI
l8t, reg.,
Deb., 58,
111%
— 1 8t, cp., 78
1903
1904
126
N.Y.C.AN.— Gen..6.s,1910
TruatCo. receipts
A N. Engl'd— lat, 7at
lat. Oa, 1903
t
N.Y-.
>.j
120
131
N.Y.C.itSt.I..-lat,09.1921
2d,)i9, 1923
N.Y.W.Sll.tnnfT.- Cp.,58
CoUat'l trust. 6s, 19221 «92
Bntr.ttS.W.— M. 6s,1908
Ev. & T. H.— lat, cons.. Us 113
Us.
1921
I9'22t
..
'
I
'
J
I
;
I
;
1
!
I
1
;
;
79. coup..
l8t, 78, reg., 1900
N.Y. Elev.— lat, 78, 1906.
N.Y.P.* O.— Pr.l'n,(ia.'95
"37
(la,
'
Harlem- lat,
119%
Consul., 1st,
'
.
111%
109%
18.S8
Koch.A Pitt.— lat.
92%
.
(?ona., 2d,
1st.
106
I
Cons., 7s, 1904-5-6
income, 1911.
H..tC6nt..Mo-l8t,7a,'90
Mobile A Ohio— -New 69.
84% 85
113
105
70
79'8! 80
Rlch.AAUeg.-lat, 7a,1920 «88
70
II214 112%'
Truat Co. receipts
«75
Rich.ADanv.—Cun8..g.,6a 110
105
89 >4 89%
Debenture 08,1927
Atl.ACh.— Ist, pr.,78,'97 117
111%;
93
Incomes. 190O
49
Iscioto Val.— lat, cons., 7s.
105'4 IO6I4 St. L. A Iron Mt.— 1st. 7s. 115%'115>4
110% 111
>ii5
2d,7s,1897
'125
135
Arkansas Ilr'ch- lat, 7a 118%'114%
Cairo A Fultxin- lat, 7a. 110 1111
112
10
•10634 107%
Cairo Ark. A T.— 1st, 79;
84
84 >9
104%'
Gen. r'y .tl.gr.— 3.9,1931
138 138% St. L.Alton A T.H.— l9t,78 •114
111
•137%
2d,pr<.f.. 7s. 1894...
104
106%'
2d, income. 7a, 1894
134 ,136
Bellev.it Su. 111.— lat, 8a 113
136
StP.Miun.A Man.— l8t,78 113%!
116 |117
126
2d, 68, 1909
lie 117
Dakota Ext.—6a, 1910
'59%' bo"'
Ist consul., 6s, cp., 1933 114 I.
39 %i uo
1st consol. ,6a, reg., 1933
125
Min'8 Un.— l8t.(>a. 1922 115
114%;
St.P. A Dul.— 1st, 5s,1931 •108
108
91% 92 So. Car. R'y- 1st, Os, 1920
62
70
•2d. 6s, 1931
Shenand'hV — lst,7a,1909 05
28
Gejtoral, Os, 19*21
4634 47
Soilus BayA So.-l8t,58. g. 101
68
Tex.Ceu.— 1 9t,8-f.,78,1909
69
67% Ist, 7s, 1911
97%, ToLDel. A Burl.— Main, Oa
113
l8t, Dayt. Div.—Os,19lO
Con.. 1st, ext., 3s, 1922.
100
92^!
1921
Mo. K. A T.-«enl.,(is,1920
General. 59, 1 920
il43
Pitta. June— Ist, 0: 1922
Pitta. -McK. A Y.— lat, (ia. 100
RoineW.A Og.— lat,7.9,'91 112
117%
S'thw.Kxt.— l9t,79,1910
11U%117
112
120
101
1909
I
A
•i'oVi'
Mllw. A No.-lat, (18,19101
l8t, 08, 1884-1913
Mll.L.S.AW.-lat,(i8,1921
Mich. Dlv._lat.(i8, 1924 •lOfl
Mlnn.A.St.l,.— lat,78,1927 130
Registered, 09, 1931....
[
I
—
1922..
132
lOgia llOSi
2d, 6s, 1931
Ist, Tcr. trust, Oa, 1910.
1112%' Tol.AO.C.-l.lt.g., .58,1935
ija. 1921....
Oeu.,'.'ilM.UH.Al.g.9.f.,
gold,(i8, llt33.cp.of reg.
Rcgi.stercil.
Tol. P. A W.— lat, 7a, 1917
92%' 92%'
Gulf eol.& S.Fe— 78,1909 115
Tru8t Co. receipts
79)4
JJ.(J. Pai^— lst.08.g.,192()t
64%l
1st, eons. assent. 7s, 1899
Gold, 68, 1923
iTex. A N. O.— Ist, 7.9,1905
Sabine Div. -lat.Us, 1912
Conv., iis^fiiti'il, 7s,lU02 108 Si
Han.* St. J.— (on. 69,1911 117 [117% Norf.AW.- Gen., 68, 1931 101% 103
'105
New River— l9t,6.9,1932
96
Acljustmiiit, 7s. ll)o:t... 110 [110%,iHond.Bridgo Co.— Ist, Us.
Va. Mid.— M. inc., 6.s,1927
....
„.,
Miji 66
122
H.ifeTexC— 1st M.L.,78t 9934' 100 OhloAMl.sa.-Cons.a.fd.'s.
Wab.St.L..tPac— Gen.,68
Conv. di'liiut.. tl.H, 1!H)H.
108
94
Cuusulidateil 7s, 1898... 122
124
I,eU.*\V.II.— Con.gil.as
lat. Western Div., 78i..
Chic. Div.— .5a, 1910....
95%!
2il,c.in,Huli,lated.7s,1911| 113
Am.D'k.tlinp.— rm,l«21
l8t, Waco A No., 78f ...
Hav.Dlv.-68, 1910
87'.ji 88
79
IstSprinKlleld Div., 78.1
95% Iowa Div.— 6s, 1921 ...
Chic. .Mil. .t St. P.—
2d, con.9ol., main line, 8a
1136
lat. general, 58, 1932...
130
1st, 88, P. 11. 1898
2d, Waco * No.,88,1915
81
Ind'polls Div.— 69, 1921.
58%'!""
Ohio Cent.— l9t, T. Tr., Os
2d. 7 3-Hls. 1'. I)., 1898. 123
General, Us, 1921
Detroit Div.— Oa, 1921..
131
85
Ist, Min'l Div, 6s, 1921.
Houa. E.*W.Tox.— l8t,7a
lat, 78, « «.. K. !>.. 191)2., 129
Cairo Div.— .58. 1931 ....
120
Ohio So.— 1 St. (ia, 1921 ...
98
1st, Lac. Uiv.,7». lH9J.i 119
2d, 68. 1913
98
Wabash— Mort., 78,1909
Oreg'nACal.- I8t.6a.l921
l8t,I.<£ M., 78, 1897.-.! 122'a
llLCen.— .SiMl.Dlv.- Cp. 68 119
ToI.A W.— lat, e«., 78
Or.ATranac'l -Ua,'><2,1922 93%' '93)4,
Middle Div.-Reg., 59... 109
l8t,St.L. Dlv..78,'89.
lat, I. i IJ. 7a, 1899... .1 123
131)3'
'120 '4 121
Oregon Imp. Co.— 1st, Us.! 96%: 96
;
C..St.L.ilcN.O.— Ten.1.,78
l8t,C. * M.. 7«, 1993...
2d, ext., 78, 1893
128^4 1'29
125
Oreg'nRU.ANav.- lat,68. 112 112%.
Consol. 7s, 191)5
lat, consol., 73, 1897.
Eqnlp'tbd8..7.9, '83.
'118
Debenture, 7a, 1887
lat,78, 1. A- l).Ext..ll)08 12G".jl28
2d, 6.9,1907
Consol. conv., 7s, 1907
112
Panania^S.f.,sub.68,1910 •98
Ist.S.W. l,lv.,(js.)909.; 114 'UO'^:
Gold, 58, 1951
Gt.Weat'n-l8t,78,'88
Peoria Dec. A Ev.— 1st. Os 100
Dub. A S. C'.— 2d Div.,7a
2d. 7s, 1893
1st, .Is, J,aC..(t I).%v. 1919 100
115
Evana.Div.- lst.0s.I920 96
l»t,B.Miiili.l)iv..(>s.l910t 1131s 115>!i
96%
Ce<l. F. <fe Minn.— lat, 7e 114
Q.A Tol.— Ist, 7s, 1890
191I1...I 123
I>..7s,
126
Ist.Us 105
1st. n.
Ind.Bl.&W.— lst,prof.,78 '120 '88' Peoria A Pek.
Han. .t Naples— l8t,78
Chlc.*l'in .Div., lis. 11110 «
!120
86%
Pac.RR.—Con. Pac— 0.69 114
1st, 5.6s, 1909
Ill.ASo.Ia.— l8t.ex.,«s
75
San Joaquin Br. — Us. 100
lat,Chlr.<V- [•.\V...->s.l92ll 102»4
StL.K.C.AN.— B.e. 78
2d, 3-Bs, 1909
Cal. A Oregon— l9t, 6s' 102'i 102%
Mln'l I't. l)jv.,.-is. 1910. -100
Eaatom Div.—6s, 1921. "6a i 94
Omaha Djv.— lat. 7s.
102% Indianap.D.itiSpr.— lst,7a 97
Cal. AOr.- Ser. H., (is. 102)4!
Clar'daBr.—68, 1919
C.& I,.ftM|i.l)iv.. r)s.l921 •
'91
Land grant bonds, 69. 103%'103%!
8t.Cha8.Bge.— lat.Us
Vis.* .\liii.l)iv..">8,19Jl 102
let, 78, ex fund, eoupa.
114
101
West. Pac— Bonds, Us.. 'HI
Ti)rniiiiiil 'is, 1914
Int. A Ot. No.— 1 9t,U8,R0ld
No. Missouri — 1st, 7s.
'82% 83
No. R'wav (d'al.)- lat.Os. 112
Fargo.t ."so. ,"i«.A88u.,*24 114% 115
Conpon, 6s, 1909
West,Un.Tel.— 78, 1900 ..
80. Pac lif Cal.— Ist, Oa. 103)4
Cblc. A N*,l tlnvi-st.Kent'kyCent.— M.fis.l 911
7a, 1900, reg
So. Pac. of Ariz. — lat, 68 •99
CousDl. limuls. 7s, 191,'). l,38ia
73
8ttomped4 p. c., 1911...
N.W.Telecraph.— 73.1904
So.Pacof -N.Mex.-lat.OS; '98%
Coupon, t'ulil, 7s. 1902. •122H!
Mut.Un.Tel.-S.fd. 68,1911
Lake Shore & Mleli. Jrro.115%'11534!l
'1011^
Union Pacific 1st. 69..
Koglsfil. gold, 78, 1902.
Cleve A Tol — N bd8.,78
Income Bonds.
H6I2
SllliilUKfiliiil, (is, 1929..
Land granta. 7a, '87-89 •105%I106
(JnterCJit payable if earitel.i
Cleve. P. it Ash.— 7s.... 115
117
Sinking fund, Ss, '93.. I2034I....
Atl. A Pac— Inc., 1910...
Sink, f mill, (Is, 1929, reg.,«
Buff.AErie -New bd8,78 121
108
Beg., 88, 1893
1121
Central ot N, J.— 1908 ...
Sinking fillid, .Is. 1 929.
loo's 107%
Kal. & W. Pigeon- l»t.
S!nk.fiiiiil.;",s, llJ21l,ri!g.
Collateral Trust, 68.
Chic. A E. 111.— Income ..
Det.M.AT.— I8l,7s.l900 117
E.T.V.A(ia..Iuc.,68.l931
Klnk'K 111. ili'l).. .Os, 1933. 103
Do
103^
59, 1907 «93 1 94
Lake Sh'tr(3 Div. bonds 120
12934
Gr.BavW.ASt.P.— 'SiLinc
23 yems ilnli., r,n, 11)01). .1 102%
Kane. Pac —1st, 69, '95
113
Consol., coup., lat, 7a. 129
Escanaba.v l..>s.— l»t.«9;'113
128%
Ist, 68, 1890
II214II1I3
Ind.Bl.AW.— Con., inc.Os
Consol., reg Ist, 78..
Des.M.AMiiriil,.-l»t,78' 124
Denv.Div.6a.aas .'99 110
IniVsDecA SpVd— 2d,inc.
120% 121)4
Consol., coup., 2d, 7a.
IowaMli;:iinil -1st, 8a.. "131%
lat, consul., (is, 1019. IOO34HOI
Trust Cu. receipts
Couaol., rcg., '2il.78... 120
renliisula-ist.i;oiiv.,7H!
C.Br.U.P.— F.c.,7a,95 103
Lell. A Wllkeah. Cual— '88
Long lal, HR ist, la, '98 122%
Il08%
W.— Inc,7a,'99
Clilc.,(.M!l«-ki.o-l8t.7« *127
At.C.&P— lst.Us,1905 99 100% Lake
129%
l8t. consol.. 5s, 1931
Win.ilt.'St. P. -lsf.78,'87i 106
At.J.Cu.t W.— Ist, Us 9U%
Sanilky Div.— lnc.,19'20
Loulsv.A Xasli.— Cons ,7»
,122%,
2<1. 7.S. 11)07
I.af.Bl.AMiiu -Inc.,78.'99l
'1T2>-,
Oreg. Shurtl..— l.it,U*l 98^4
Coiiilan lir'ch -79,l!H)7 102%
—Incomes
Kil..vilail.-lsl.(!s.l905 114
Ut. .-ill.- <ien.,7.s,1909
Mil. L. Ssh. A
N.O.AMob -lst,0a,lU30 102
90
Kxten., Ist. Ts. 1909
Moll.* O.— l9t.prf.,dobeu
Ott.C. K.,V St P.-lst..l9,'103
8.SV 88)4
2d, 8s. 1930
C.C.C.iSlua's-lst,7s,8.fd.>
Mo. Pac- 1 St, cons., 6e. ibs', 104%' 2d, pref., debenturo.i
123
E. H..tN.— lst.«a,1919 116% 1-20
Consol. 7s, 1914
.3d, 78, 1906
123
104
118
3d, pref., debentures
General, (!a, 1930
Consol. sink (il.,7s,1914
Pac ol .Mo— lat, 68 .. 1051i!l0«'..l 4lh, pref., debentures.
renaaiola Div —68,1 920 '93
'113.->8 N.Y.l.akcE.AW.— Inc..6s
Ooupial consul., (is, 1934
2(1,78,1891
St. I.. Dlv.-Ist,68, 1921 lOOJ,
»53
Mini D.— Iuc.,7a
Chic. .St. P. Mill, .t urn,—
St.L.AS.F.—2d, 69, CL A 102 104
Ohio
2d, 3a, 1980
Consol. (is, 1930
116
68, Class C, 19()H.
102
Ohio So. —-'d, inc., 68,1921
117%
Naaliv. A Dec— lat. 7a.
101
C.St.P.*M.- Ist0s,1918l 120%
101
08, Class H, 1000
PeoriaD.A Ev.— Inc., 1 920
S.AN Ala.—S.r.(l8,1910
102 llOl
Evansv.Div.- Inc., 1920
No. Wi8-lst, (is, 1930.!
l.st, Us. Pierce C. A O. •105
Louiav. C. .t L.— 69,1 931
...
I...
8t.P.*.'i.C.--lst,(;s.l919; 122
nocli.APitt-ali.— Inc., 1921
Equipment, 7s, 1895..; 106 I...
Trn.at bonds, Os, 1922.
99% 100!
)6
Chlc.*.K.IIl.-lst.s.t.cur. 117
89 "J
Gen. niorf.,69, 1931 ..' 963* 97% Rome W. A Og.— Inc., 78.
118
10-40, (is, 1924
'85
Consul. 1st, Os, 1931. .1
103%
86
So. Pac. of Mo — l8t,0s 104% 103% su ( ar. Uv.— Inc., Oa, 1931
Pena. A A t .— 1 st.Hs, gold
St~L.A..*T.lI.— Div. bds..
Chlcst.T. .«P.-lst,cor..08
89
90 iL.ErieAW.-Ist,(i8, 1919 88), 89
TeX.A Pac— l8t,0s,liW5,
ChlC..VW.Illll.-l~t.s.f.,«9 11(1
VrtiF 1,1 «l.
84
112% Sandnaky Div.-(ia,1919 83
Consol.. (ia, 19()3t
Gcn'l iiu.rt.. (Is. 1932 ... 10(i%
Inc«iuo A Id. gr — rog
Laf. HI. .(t if.— Iat,(!.9.1fll9
88% 89)4
49)4! 49<<a< Col.C.A Ir.Co.— lat,con.08
Isi. lis
Chic. A^*t l..-lsl.tls,191o 103
Ft. W. .^- Dcuv.
100
Kio G-, 6s, .Vug. cp. on
iLouiav.X.AIb.AC— l8t,6al
C0I.& (JiPin— l»l,6a,1916 -103%
Do
ex Aug. cp.l 63)9' 63% Gal. lI.AlI.of'S'-'
General mort, 68. 1914.1
Iron steamb.Cu.
2d, 0», 11126
96<^
Gen. niort. A tor. 6a ..
Lou. N. O. A Tex.— lat, Sai
57%; 58
Jclfcraun— 1st, 7s.
Col. H.Val.A Tol.— l»t, 5«
81
Pennsylviiiiia HU.—
82
Manhat H'ch Co.— 79^19091 •75
lat,con..i;>l.-.
Mom. .t
Del. I.. A- \V.-7».i-..iiv.,-92 -lis
Pa.Co.'sKuar. 1 %a, Ist.cp 1()2'. 103
N.Y.AM.B'h-lat.78,'97
120
•
Mortgnci-.7s, 1907
102
102% .V.J.Su..lnt.u'uar.(!s,18991
Pa. Co.'al ".js.re,.'.. 1921
1.17
Metpn. Elev.— let,78,1908 110=4 .—
'107a4
III. w,.st,.iii-'d.(!s
_6rrBiii ..tN.S'. Isl.78
rittaC.,«-st I. -Ist.c .7s
134
2d.(;a. 1899
Keok.
Cent, of
at
lies
M.— l.st, 5» 108V110
N". J. -1st. 7s.
'90
77% 78
Gr'nBay W.&wt. P.— l9t,68
112
108
111
.
I
Trust Co. receipts
98
N. Y. Suaq. A W.— lat, 68t
Mt.Vern'n— 1st, (58,19231 104
90 Hi Fl't* P. Marq.— M.Os. 1920
116% Dobontnrc, Us. 1897f. ..
Midland of N.J.— Ist.Ba
Oal.Har. .t S..Ant.— I8t,68 105
133
103
N.Y.N.H.AH.-l8t,rg.,4a
2d, 78, 1905
'iSiai
90%
N.Pac— CJ.l.Kr..lat,cp.,69 111%'lllV
West. Di v.— 1 9t, 58
1921
I
Pitta Ft.W.AC— lSt,7B 141%1U2in
I38%!
3d, 7s, 1912
131
8d, 7a, 1912
P.—Coua.a W.,7a 1'2S ....„
Clev.
4lh.8. f.,6a, 1892
St,L.V.AT.It.-l8t,g..7B •iWl'.'.'.'.Z
24, 7a, 1.898
2d, guar., 79, 1898
iioa<9
Pltta.Cleve. A Tol.— lat,)l«
106%
105%
ibii',
.
— Ua,*91
78,
I
i(>6a4
2d, 78,1891
N.Y.L.E.*W.-.Vw2il)is!
104 14 ios'
I.ati.
Iowa Ext.— 1st,
Ill
141
141
128
Adc.
Bid.
Peim. RB.-Contlnned—
P.C.* Ht,L.-lat.reg.,7B
3d, 7a. 1913
60%
49)4
M., 7«, ei-cp.,6,7.A8
121
9S%I 96
124
Ist, eons., gold, 79, 1920
lat, cona., frt. eonp., 78..'
Reorsr., Ist lion, 6a, 19081
Long Dock b'nds, 79, '93
B.N.y.A f:...l8t,7a,1916
137
8s,rcg.,1917
Ext. «Oil,.,58. 19:m....
KxeonponaBto 12.
— 1st, exteiiileii,
Qniiioy—
P.-l!«, cp., 1917.
..
4th, extonili'd, 58, 1920.
11103
.
1930
2d, exteurted. os, 1919..
3d, extended, 4 %.s, 19'23.
....
69, filnkiiiL; rnnil. 1901
6a, delMMilurt.s. 11)13
la. Dlv.-S. fil., .is, inl9
Siukluu'duHl. Is. 11119
A
O— l.st.7s,1900
Erie
MU.s. It. lil gB-lst.a.t.Ba
Consul.
*
Divisional .la. 1930...
Oeaj' Ellz.C..t.\.— S.f.d6b.,c.,68
2d, guiir. (1881, 78, '98
Cliio. Burl.
grant, 3 %s, S.
Ist, eons., 5s,
35=4
.
2il, (^Uil),7.s.
Land
E.T.Va.
35
MortKiii;,-,
i
ll05%M
77'4!
curri'Ury, 1918.
-
DetMaek.iMarq.— lst,68
1
[
1:^9:4.
e«, Ki>lil,M"rli'<.\.,19<)8.'
8», KoW.MTles II., lOOStl
.Sar.-l»t, ep.,78
Trust Co. rcceipta
Dcn.Su.Pk.A Pac— l9t,78
Den.it UioCi.Wost— lat.Cs
•MV
Pnr. miinevfiiml..
,«:
lat, r(>K.. 7.S, 1921...
i03J"4 Denv..V: Klo Or.— Ist,, 78
1st., con.sol., 78, 1910.
108 i^
83
Keg.f'.'i. 1913
Oentral Iowa— 1st, 7i<,'(>i»ti 101 <3 106
Eaat. Hiv.—lst, 6.S. lill2
*60 1....
III. niv.. l.^t, (in. 1U12 ..
CliG.saptmkt*
...
lat. Pa. Dlv..cii.,7»,1917
lat. Pan. Div., ri'g.,19l7
All). .It Sns(|.— Isf, 78...
l8t,cons.,i;iiar 7s,1906
1st, eons., guiir.lis, 1900
118
,v
lat,
Mlo.h.Cent—( 008.78.1902
Consul.. 5s, 1902
Us, 1909
Cuunuii, 5a, 1931
118%
Coupon,
No.— lut.iis
,ol.tr...'i8.1»34
Mm. II .V --t-I.. 1st, 7.-1. KU
lat "
I.l iilv ,^ \\>st.
Ist.Oa
C. Ua|>. 1 1'.iV
lal, js. 11)'.>1
(
W.— lst.,«s
l8t,
i^Hlil. r,.«
Bur.
124 %
Coimlructloii, 3s, 19'J3
Del.* Ilml. Cuniil-l8t,78
.V IJlllii—
lijillini..!.
141
ai4
1st, consol., guar., 7a.
85"
~l»t.«H, I'JIO.
IM.
.1.
Houds, 7s, inoo
7sof 1871,1001
SECrURITIKS.
Ask.
Bid.
tt»x. Cent.-lat, 78, 1911.
|
Railrond liouds.
8KCUBITIES.
Ask.
SECURITIES.
Ask.
Bid.
I
86
90
92
118
95
»98% 97
60
I
55
82%
81%!
63%;'66"*
I
1
I
I
|
I
1
50
75
51%
Ill
1111%
102%' 103
09% 100
.
|
I
Un—
.<;•
,
—
.
|.
25
1
81 %| 88
109% 110%
99%: 100
91
92
107
89
58
1
91%
60
!
92% 95
115%117
120
I
122
S3
8138
26»4
.
.
—
,
;
I
—
—
EA
I
1
W
!
'
;
—
—
\
1
1
I
C—
1
1
,
1
.
,
1
1
I
25
•81
29'^i 2934
'
60
90
70
44
37
33
65
3!)^
io"
80
67
41
35
38%
38
42
54
42% 44
H9H
36
60
'42
8S>|
.
,
I
C—
;
I
1
>
2?o prices Friday
;
these are latest Qnotatlons
made this week.
t
OuDpuns on.
90
70
81
\
.
23'V,
'291.,
!
c—
i
24%
34% 36
24
*22
.
Wa
,
22»8'
119%,.
THE CHRONICLE.
582
New York
RAILROAD EARSI.VGS.
The latest railroad eaminjis and the totals from Jan. 1 to
The statement includes the gross
latest date are given below.
earnings of all railroads from which returns can be obtained.
Latest Earnings Reported.
BO^LDS.
Week or Mo
Jan. 1
1884.
1885.
to
1884.
week ending November
892,335
109,734
104,273
Ala. Gt. South'n October .
Atoh. T. & S. F Septcml)er 1,385,585 1,513.046 11,038,.536 11,8.52,819
161,877
232,302
16,897
.September
24,708
•Sonera
903,207
974,269
114,513
112,071
Bait. & Potomac 8e[)teml)er
398,174
18,671
410,807
23,296
Boat. H. T. & W. 2 wks Nov.
.
238,398
Buff.N.Y.& PliU. September
Bur.Ctd.R.&No. IstwkNov
Canadian Pacific 2d wk Nov.
223,869
61,210
161,000
34,971
1,622,112
303,103
76,252
117,916
2,586,840 2,295,093
73,211
7,191,654 4,921,597
198,000
1,114,790 1,371,424
31,040
Central Iowa... 2dwkNov.
9,272,178 10,302,410
1,358,122
tCentral Pacific. Alienist
2,454,934 2,683,433
309,097
Cliesap. & Ohio. September
509,509
557,241
72,519
ElizrLex.&B.S. .-September
960,429
138,892
1,108,916
Ches. O. & S. W. Septemiier
Chicago & Alton 21wkNov. 182,374 '210,985 6,886,008 7,648,757
Chic. iSurl. & Q September 2,010,035 2,707,110 19,0.50,141 18,505,825
39.883
34,467 1,417,582 1,343,159
Chlo. & East. 111. 2(1 wk Nov
634,000 560,039 20,678,959 i0,0.56,549
Chic. Mil. & St. P. 2ilwkNov.
531,800 462,200 21,077,351 '20,401 ,943
Chic. & NortUw- 2dwkNov.
148,100 137,600 5,052,433 5,009,783
Ch.8t.P.Mlu.&0. 2dwkNov.
"^
25,585 1,098,849 1.394,891
28,067
Chlo. & W. Mich. IstwkNov
48,003
47,878 2,021,077! 2,083,'252
Cin.Ind.St.L.&C. letwkNov
257,163 342,380 2,167,160 2,188,019
Cln. N. O. *T.P. Octeber
51,332
53,359 1,401,'256 1,528,805
Cln.Wasli.&Ball 4th wk Oct
9,196
9,246
418,211
416,914
Clev.Akion&CoI IstwKNDv
321,328 344,481 2,252,935 2,447,421
Clev.Col.C.&Ind August ...
21,690
168,251
24,478
158,583
Danl)ury & Nor September
115,1'20
107,907 5,337,427 4,884,100
Denv. 6i Rio Gr 2ilwkNov.
661,925
125,615
91,300
840,025
Denv. &E.G.W. October
9.215
9,473
336,200
307,715
Des. Mo. & Ft.D. 2dwkNov.
26,091
22,711
Det.Lans'gite No. 2ilwkNov.!
20,600
21,348
769,616
803,815
Dnh.&SiouxCity 2dwk Nov.
'264,126 279,582 3,162,5.58 3,103,932
E.Tenn.Va.&Cia. 3 wks Oct.
15,236
13,847
639,743
641,981
Evansv. & T. H. IstwkNov
36,811
35,102 1,621,105 1,957,930
Flint & P. Marq IstwkNov
22,648
18,978
795,242
808,014
Flor. R'way & N. IstwkNov
16,121
12,394
Florida .South'n. July
. .
.
.
Ft.W'orth&Den. Octolier...
Gal.Har.&S. An. August
43,497
270.235
303,413
31,764
290,011
240,468
268,300
39,000
47,773
50,117
26,493
39,867
387,285
226,751 1,903,358
343.533 13,260,620
23,581
211,061 1,380,472
193,878 1,231,161
281,006; 9,233,557
40,107 1,414,568
47,0331 2,064,004
44,8371 2,144,489
'23,852 1,281,946
89,'201
623,350
99,891
26,2451
20,419
211,014
48.271'
371,184
49.7971
17.801 2,584,26!l
40,580
Wk.Nov 14
Grand Tiiink
Gr. B.W.& St. P September
Gulf Col. & 8. Fe. October
Hous. & Tex. C. Am;iist ...
ni.Ceiit.(ni.&So) 2dwkNov.
2d wk Nov.
(Iowa)
Do
llnd.Bloom.ifeW.
2dwkNov.
K.C.Ft.S.&Gulf. l8t wk Nov
Kan. C. Sp. & M. IstwkNov
Kentucky
Cent'l Se.pKMulier
l,.Rk.M.Riv.&T.
l,.Rk.& Ft.SmitU
liOng Island
La. & Mo. River
Louisiana West
IjOu1rv.& Nashv.
Manhattan Elev
September
September
2d wk Nov.
August
]
|
I
Loans and
*2dwkNov.l
2dwkNov.i
wkNovj
Mar.Hoiigh.ife O. 1st
Mem. &
Charie-s.
Cent'l.
•Mexican
September
Discounts.
i
New York
Milwaukee
...
& No 2d wk Nov.
Mil.L.Sh.&West. 2d wk Nov.
Minn.&8t.lx)uis September
Oetober...
Mobile & Ohio
I
i
.
23.280
I
I
. .
.
.
.
.
Meclianics'
America
Phenlx
12.101.600
2.906,000
City
10,83."i.300
j
I
.
St. L. F. 8.
&
St
wk Nov
W. IstwkNov
Bt.L.&San.Fran. 2dwkNov.
Bt.Paul& Duluth 2d wkNov.
BtP.Min. VMan October
Scioto Valley... September
South Carolina.. September
14,747
17,380
111,733
14,395
9,.582
102,956
35,'204
35,837
~"
~ "
998,858 1,014,862
51,998
113,427 109,599
Leather Mannt'rs.
Seventh Ward
State ot N. Y
Amorlc'n Exob'ge.
Commerce
Broadway
6.2-i4,000
5,'JS3,600
1.32;!,400
1,707,000
1,723,100
291.600
1,527,700
701.400
1S9.300
370.400
399,400
168.0J0
885, MOO
453,400
287,000
331,700
Mercantile
6,4.'i4,5a0
2.»00.-.!00
Pacific
—
Republic
.
Peoples'
North America...
Hanover
Irving
Citizens'
Nassau
Market
.
•
.....
Shoe
&
2,fi;7.'JOO
461.200
696,100
359,200
922.300
287.700
811,000
715,000
768,000
280,000
3,18.5,800
2.045.200
3.114.000
Nicholas
St.
719,200
1,485.900
813,000
222,100
439.000
6.274.9i)0
4,164,300
1,571,400
3,774,000
8,464,700
3,0 54,000
2,459.500
2,60J.800
Leather..!
Com Exchange
.
5,48.5,600
...I
Continental
Oriental
Importera'A Trad.
5.113,400
1.831,300
1
19'2,900
195,3ou
318,900
526,000
270,000
661,600
301,000
1,424,891
Third National...
N.Y.Nat.. BxoU..
2.831,000
5.333.000
18,701.400
4,871,700
1,277,400
2.137,000
2,207.900
2.749.800
3,090,300
793,000
1,620.600
4,492.800
1,316,000
197,700
519,800
46i',6'li
1,4'25,185
8,817,773
1,486,848
2,042,514
3,027,102
967,310
677,154
227,479
3.55,174
4S.>,l.-)3
1,101,292!
454,H09
977,943
377,075
3,110,301
376,146
630,565
541,439
3,753,861
633,238
425,427
4,085,055
1.170.2811 1,129,810
5,938,698 6,615,318
Mexican currency.
tEmhraces the 1,650 miles north of Ooaheu now oomnrislug the
v
r
s
Central Paeiflo system.
..1 Not including Indianapolis Dooatur * Springfield in either year.
J Not includin!.' earuiogs of New York Pennsylvania & Ohio road.
20.43.^.300
Bowery
N. Y. Connty
German- .\ineric'n.
Chase National--.
Geimania
...
Lincoln
Oarlleld
Fifth National
B'k ot the Metrop..
1,339,900
603,500
199,300
1,21><.800
Seaboard
127, -5(10
3,164,800
1,540,300
1,891,100
1.652,200
West Side
588,000
312,000
360.100
655,200
460,000
142,600
249,300
303,900
146,600
258,100
80,500
400,000
273,600
93.300
274,200
105,800
175,100
303,800
240.500
282,100
81,600
448.300
761.100
300.000
377.300
1,991,900
1,986,300
2,692,300
2,213.700
1.363,700
United States
1,610,990
1,356,700
142,000
99,000
1,1 10,200
3.51.800
41-'.100
2,967, SOO
Fifth Avenue
German Exch'uge.
1,000,300
21)0,500
23'2,500
turn.
S.
10,308,000
11,786.000
9,709,500
8,104,000
10.903,400
2,746,000
17,641.700
2.220.300
1.815,000
22,656,800
3,120,100
4,776,600
1,705.300
1,470.500
1,061,700
2,776,000
1.261,700
3,982,400
14,814.000
17.942,800
6,660,300
7.633,700
3.060,700
6.310,600
4,541,600
2,079,500
4,12S,700
9,754,900
2,9J8.00n
3.211,200
2.982,500
3,157,300
2,173,700
3,779,000
4.863.400
S.866.000
1.874,600
25,053.900
25,328.900
1,883,000
1,052,100
17,723,400
10,449,000
160,000
356,100
244,500
"90",0(>0
255,600
606,000
236,600
2,600
472,000
45,000
684,400
897,600
45,000
423,000
4S,0U0
180,000
274,000
269,200
431,800
4iV,o6o
loisoo
923,300
45,000
22i',9d6
180,000
247,000
37,000
46,000
439,100
3,63li,000
6,2^2,600
19,772,000
6,482,000
1,123, HOO
2.389,700
2,651.100
2,665,100
3,623,600
3, '47,300
2,882,400
2,566,900
3,410,700
2,6J7,200
1,368.600
l,2dl,600
4,166,800
180,000
225,000
180,000
45,000
180,000
43,900
178.600
134,400
1,HU,800
1,722,100
1,856,600
192,000
I310,389,:00 92,796,300 28,7,57,4001380,234,200
9,952,000
Sixth National.. -Total
The following are
Looru.
18B6.
496,300
weeks
totals for several
Specie.
S
\L. TenAers.l
$
$
Am.
Clear'
$
1
Boston Banks.
past:
Deposits.
Oct.31 344. 360,800197, 031, ;00'.>7.517,fi00'3S4,47fl,200
Nov. 7 340,958,900 93,844,900 26,799,800,380,768,100
• 14 340.369,100;9^,796,300l28,757,400|380,234,'200
9.9.12.400 695.214.389
9.9!12,100 775.418.616
9,952,000|779,2 14,286
—Following are the totals of the Boston baukat
t, Tenders.
Specie,
1886.
Deposits."
Circulation igg. Clear'tt
»
$
8.866.800
9,014,700
9,148.200
Oct.31 153.708,400
Nov. 7 154,576,300
" 14 155.283.600
6.633.200 115,910,100 21.333,700
6,663.000 117.')63,700 21,473,000
6,406.300 117,772.900 21,539,500
Philadelphia Banks. -The
76,974,841
01,173,898
87,165,520
banks
totals of the Philadelphia
are as follows:
3,504,384
.
f And braaoliM
324,800
421,000
13i).700
1,718,808
15,017,070
781,249
510,911
So.Pac.Comp'y—
Allan. System August
740,131 586,212 5,345,833 4,632,'206
Pacific system August ... 1,900,362,2,240,4.56
Texas &t>.0.-. Auirust...
98,490
75,.592
63 i, 272
541,597
Tex. & St. Louis Octol>6r
160,9'28
132,142
Union Paciflo... September 3,518,12212,486,837 18,378,778 18,274,252
Vlck8b'g& Mer. 'October...
47,997
55,333
347,236
390,356
Vlck8li.Sh.&Pao.:Oclob,r...
58,499
46,888
317,,597
182,1.50
Wab. St. L. & P- [4th wk Oct 420,112 485,899 11,505,174 12,634,179
fWest Jersey... [September 125,123 131,4001 1,018,050 1,000,810
Wisconsin Cent'll Ist wk Nov
29,653
25,561 1,'238,402 1,197,911
*
1.168.500
3.963,100
13,665.000
1«,790.;,M
6.497.400
188,000
162,600
212,200
133.500
396,600
Greenwich
Lawful Monsy.
DeposiU.'
$
Loans.
1886.
S
Nov.
'•
80,142.700
80,690,500
31
7
14
Unlisted Securities.
week
—Following are
APac—C.
Bid.
D., Ist, old
Div., Ist,
65
lucomes
Aconnml. land grant
Incotues
97
Ti
Atla. & Char. Air L., sl'ck. 813<
Ist mort., gen. Loads.. x llOSi
H.T.A West.— 8tk.
Debentures
Baff. N. y.
»
&
Phila
ICdison Electric Lliirht
Southern Tel.— Stock
108
6'*
2^s
8=4
3
5
21
!!7'2
'
'
|
45
18»4
19
90
,
I
42',
Henderson Bridge- Stock 79
Keely Motor
Mexican National
4>a
I
Pref
Ist mort., in Texas
O. Cen. com. stock.
90
11
12
105
Tol.
8
8>a
87
IS
88
10
lia
's
loy
iV
2
23
43
6>a|
A Meridian
B
16
Ist raort
2d mort
Incomes
28i« Vicks.Shreve.A Pac
M. K.&T.— Income scrip
Incomes....
66
North. Pac.— Div. boudsWest N. Car.— Ist mort-X
9J"a 94
* The hid is for 2,000 and the offer for 10,000.
I
78
&
Prof
Viikib.
Pref
17^1
27
55
mort
10
23
.
40
Ist mort.. 6s
mort
Ist
a
21"s
7
65
State of Tenn.— S6t't.38,x
Settlement, 5s
90
x 101
Settlement. 6s
St. Jo. & Grand Isl., Ist.. 102Vi 103l«
Incotues
55 Vi 67
Stock
31H>
Texas dt St. Lonls— Subs. 10
Tex.A8t.L.H>feADiv.,l8t. •49 « 489^
3
Georgia Pac.-Stock
2dmort
latmort., 68
Postal Tel.A Cable— Stock
17
Cent. Cons. Imp. Co
Denv. A Rio Gr.— 69
U. S. Trust certs
Denv. Jk. Rio Gr.W
Pittsburgh Western
Postal Telegraph— Stock.
36
60
mort
9S
Cent, trust cert
/Sl Atlantic
Ist mort
10>i,
Pref
Bid.
Peusacola
5
Pref
1st
47.353,039
56,589,705
50,133,827
latest quotations for
Ohio Cent.- Riv. Div., Ist
60
.
Trust bonds, 68
B'klynElev,, st, receipts
1st molt
Cluo.A Atlantic— Stock..
Cin. W. * Bait.— .Stock..
1st
7,413.8^3
Secxurities.
13
25
Best.
7,419..500
N. y. W. 8h. 4 B.- Stock
Kecelvers' cert
Ni.rlh Rlv. Cons.— 100 u.n
N. Y. &, Oreend Lake, 2d.
Aik.
65
new
Cent.
7,417,500
past:
Securities.
Atl.
Circulation. A<n. Olear'ts
•
30,488,600
86,298,800
30,534,700
86,454,600
30,301,5)0
87,156,800
bO,832,,500
the item " due to otner oauks."
•Incladms
Oct.
.
1
4,,0.500
3,300.9M
Batchers' A Drov.
Mechanics' & Tr..
2.'247,000
1,323,092
658,368
Oreg. R. & N. Co, 2dwkNov.
151,152
91,'292
Pennsylvania... September 4.276,628 4,458,871 33,237,632 36,399,099
Peoria Dec.&Ev. '2dwkNov.
14,075
14,5891
635,878
671,828
Phila. & Erie
September 338,775 3.52,205' 2,361,022 2,661,706
Phils. & Reading Septemljer 2,800,388 2,870,451 '21,093,194!33, 101,923
Do C. & Iron September 1,7.54,214 1,574,007;1 1,172,2541 12,010,951
Bichm'd &Danv, October. .. 419,800 4'28,100l 3,343,044' 3,134,000
Ch. Col. & Aug, September
80,150
64,276
561,415
511,120
Columbia&Or. September
63,400
51,1301
454,197
418,743
Georgia Pac. .September
62,069
40,9741
458,412
390,146
Va. Midland.. October ...
1,50,022
107,.5»5 1,284,807 1,351.769
West. No. Car Octolicr...
45,841
41,350|
383,385
359,078
Roch. it Pitt8l>'g 2dwk Xov.
29,761
24,3831 1,058,211
994,062
Home Wat. & Og. .Septemlter 172,901 184,786 1,233,503 1,243,541
fit. Jo. & Gd. lal. IstwkNov
•20,595
21,915
893,855
Bt.L.Alton&T.H. 1 Nt wk Nov
24,051
24,879 1,025,056 1,149.080
Do Branches
8,41(2,100
18,226.900
209.200
100,300
732.600
398.600
692.400
9,-i27.000
1T3,()T2
212,45i»l
46,313
289,578
90,741
5,480.800
1,710,900
1.311.300
900,100
92K,300
Oallatln National.
Chatham
54.5.000
7.420,500
361,000
1,S04.«Q0
10,1«9,900
661,400
1,211,800
311,000
101,000
133.900
2,386,600
Tradesmen's
Fulton
Oiemioal
Merchants' Exoh.
Circuta
other
than U.
$
733,000
676.000
1,291,100
868.000
634,700
235,000
1,811,000
Central National..
Second National..
Ninth National...
First National
1,'240,299. 1,324,743
1,537,0351 1,022,143
246,790, 2,433,3911 2,080,1)05
'203,737 1,759,712 1,905,109
80,041
538,921,
353,393
l,,534,427i 9,839,082! 10,003,073
482,0391 3,114,1831 3,009,836
281,638 2,482,586! 2,440,.509
185,043j 1,570,4051 1,051,995
99,059l
908,005
819,249
102,'299 2,347,780 2,'296,341
476,811 3,965,618 4,085,009
286,158 9,958,291 11,341,224
357,152 2,699,147 2,788,970
Morgan'sLa.iT. August
..I
Nash.Ch. &St.L. October...^
77,415
N.O.& Northeast October ..''
»N. Y.L.Erie &W. August -.11,437,348
441,338
N. Y. Pa. & O. August
N.Y.&NewEng. September 345,312
N. Y. Ont.&W.. October
168,796
M.Y.Susq.iWcst Oetnljcr
105,087
1 '20,3 17
JJorlolk & West 2 wks Nov.
Northern Cent'l Sei>tember 504,754
Northern Pacific 2d wkNov.i 301,158
Ohio & Miss... September
344,619
Ohio Southern October
52,130
Oregon Imp. Co. September 244,496
Oregon Short L. September 184,174
8.58.1,100
9,3ti9,000
18.942.900
1,704,000
1,126,300
16,831.800
705,874,
778,893
890,1591
985,01!)
01,7.53 3,040,914; 2,,527,010
140,252: 1,285,158! 1,334,508
10,011,
2,608,000
2,660.000
1,822,900
1.100,030
1,902,400
10397,000
...
......
of—
Net DeposiU
S
4t
10.383.000
Merchants'
10,814
110,384
105,195!
77,700|
128.6101
11,815;
32,775|
135,557;
225,243!
323,9601
191,8461
2dwkNov.
*Mex.N.,all lines October
Ammmt
Legal
Tenders.
Specie.
Park
North River
Bast River
Fourth National..
2,518,333
358,9i)3
431.381
37,074
377,812
285,198
279,185 11,895,465 11,719,182
47,439
266.115
143,969
14,080
i
14, 1885:
5,916.100
6,312,000
63,000
298,100
3,433,500
06,0 19;
52,3.50
]
August,
following statement shows the
of New York City for the
Banks
Awrage
Banks,
Manhattan Oo
861,849
Banks,—The
City
condition of the Associated
Latest Date.
1885.
rvoL. xLi.
18".
10 >«
20
86 >•
NOTEUBKR
THE CHRONICLE.
91, 188S.]
%nve3tmeut
qaoUtlons In Boston, PhiUdelphU and Baltimore.
BOrtTON.
e«
Bair.PltU.A
US
B«
^
A
Bo«toD
Provldonco— 7i
Burt. * Mo.-L<l. Kr.,7».
Nol)r»ska.8»...Kxenipt! 119
Nt>l>rmskk, Ha.Non-ex'pt lo-*
Ni>lir««VH. 4s
Oonn.it PiiH-iinii'Slo— 7s.
Couiiotloii \'r1U'V—6s ....I
Ka^l'i
M.i-^H.
ti.
I.
A
siij
I'lty
01
1st
121
110<ii
40 Hi
...
Delaware
136
—6s, rg.A op..V.
A Bound Br— l»t,7fl
7s,
1H8H
io.->
Ea8IonAAnib'y-6B,
19'20
1U8
per copy.
ANNUAL REPORTS.
110
90 "a
Jack. A Southe'm— lst,es
Gen., Oa
I»eb»»nturo, IDs
I*h.V.— lst,6s,O.AR.,'08 126
l'i:<
139
2d, 7s, reg..l910....
N. Y.A N. Kngland— 78
n»>a
Cons. 6b, C.A B., 1823.. 128^4
tis
oa 103
N. O. Pao.— 1st, 68, 1920.
2ri mort
N. Mexico A Bo. Pm.—78 Vi» lasH. No. Ponn.-2d,78, cp.'9e 126 <a
88
on
Oeu.,7H, 1003
1291a
OK<li'n»li.A L.Ch.— Con.69
109 "a
SO
inromo
Debenture Ob, reg
Norfolk A West.— Oen.,6« 101 r
Olil t'ulony— 6b..
98
Puebln A A rk. V»l.— 78.. Vi2 rj3
N. K. Div., IbI, «8.1932
W6 N. Y. Phil..I- Nor.— 1st, 88
Btltlanil— tia, 1st
«46
103
46
Inc., lis, 19:13
Bonora— 7«
STOCKS {
Oil City A Chic— let, 88.
88 1< 88% Oil Creek- Ist, 6b, coup.
87
At«ht»ou A Toiiekft
10'4 iO\ Pennsylv. Gen., Us, reg
130
Atlantic A PaiMflo..
178 178>«
{130
Boston A Albiinr...
Oen.,68, cp., 1910
118 ll8>!i
.11....
Boston A Lowel
Cons, 6b, reg., 1905... 121
•18S
183 la
Boston A Maine
Cons., Ob, coup., 1905... 121
184
110
Boston A Proviilenco.
CouB., 58,reg., 1919
125
Bo.^^ton Kevore B. A Lynn 122
Pa. AN. v. C.-78, 1896. 123
12
Callfornlii suathem
7,1908
ln<-(inie
April, June, August, October and December, and is furnished without extra charge to all reifular subscribers of th»
Chronicle. Extra copies are sold to subscribers of th»
Chronicle at 60 cerUs each, and to others than subscriber$
at $1
Bl.AWmsp't-tst,6s, 1010 118
105
6s, perpetual
105
Harrlsb'g-lat.es, 1883
H.AB.T.-lsl,7s,g., 1890 110
90
no's Cons. 6s, 1895....
4i)V rthacaAAth.— Ist, gld.,7s
do "a oa
88 >b
Baltimore k Obio Railroad.
13>ii
Horlp
The I WBSTOHS' Supplement oontaint a complete exhibit of
Funded Debt of Utates and Cities and of the Stocks and
Bonds of Railroads and other Companies, It is published
on the last Saturday of every other month—viz., February,
the
A
Del.
Meiu.— 6s
MsxHftn Conlr»l— 7e
100
ad, 68, 1904
Cons., 6 p. c
Cam. A Bnrl. Co.— 68. 07.
0at«wls8»— 1st, 78, con. o.
Chat. M., 10a, 1888
New 78, reg. ootiji
Bast Penn. — Ist.
ASo,-6»..| 110
B.— 78
i>. it O.
h
Llttli' K. .V Ft. S.— 7»,
K.
DO
.....
.....
now..'
t)(*,
108
1I9\ Oonnect'g 6s, cp., 1000-04
Cor.CowanA Aiit.,deb.6s,
Uulf-7s....{U8
V
!
119
A(t
W.— Oen..6B
Cam.
A LowoU— 7s
Boston
Bid.
A Ambor—68, c/SO
Mort., 6a, 1880
Cam. A Atl.-l8t,7s,(.,'e3
ilM
Atoh. A Topek»-lat, 7a.
L«0(Srnint.7s
Boston A Maino— 7s..
Boston A Albuijr—7s
SKOURITltt.
Aak.
Bid.
BXOV/RITIIBS.
—
im
CamhriiUe
Chestilre, preteired
Cblo.
A
West Michigan..
A
Ctun. Sandusky
Cleve.
92
88
42
18
Perklomen— 1 at, 6B,cp.'87
Phll.AErie— lBt,7s,cp.'88
Cons., 6b, 1920
IS".
Cons., 58, 18-20
N.y.— Ist
Phlla. Newt.
B.-lst, 68,1910..
Phil.
2d, 78, coup., 1893
03
110
A
Concord
120
__
{167'a
Oonneoticnt River
A
115
e6'u
Conn. A PHB8ump-'ic
Sij
a"*
122
ClevelSBcl A CouioD
Cons., 78, reg., 1911
Dot. Lansing A No., pret. 100
C^ons., 7e, coup., 1911 .. 122
62 Hi! 63
Sastem, Mass
Cone., 68, g., 1.B.C.1911
117»4'118
>1t«hbarK
Imp., 6s, g., coup., 1897 $96 >a
17
17Si
Flint A Pere Marqaette
Gen., 68, g., coup., 1908
81 Hi
87
80
Preferred
Oen., 78, coup., 1908
41
88
Fort Scott A OuU
Income, 7b, coup., 1898
130 132
1822
Preferred
Cons. 5a, Ist 8er.,c.,
37 >4
Iowa Falla A sionx City. 70
24
Cons. 58, 2d ser.,c.,^1933
~ C. Clin. A Springf d 59 71
37 "«
64
Kan.
Conv. Adj. Scrip, '85-88
c4
Mem,
66
Kan. C. Sprlitgf. A
Debentui'e coup., 18931
43 >a
Uttle Kock A Ft. Smith. 43
Scrip, 1882
82
2'J<a
IiOnlsian.tA Mo. River..
Conv., 78, R. C.,1893..*
47
611
Prelerred
Conv. 78, cp.off, Jan.,'86
121
122
Maine Central
Phll.Wil.A Bait.—48,lr.ct 100
Pitts. Cin. ASt.Ii.— 78
Marq. HouKb I'n A Onton. 26 Hi 27
45'
78
Preferred.
Pitts. TitUB. A B.— 78,0l>.
22
Mass. Ceil tral, pref
ShamokiuV. A Potts.-78 {l'-20
65
93
Metropolitan
Shen. Val.— 1st, 78, 1909
12=4 12 'e
27
Mexican Central.
Oeu'168, 1921
40
Nashua A Lowell
Income, 68, 1923
25
37 < Sunbury A Krie— Ist, 7b.
N. Y. A New Kneland ... 37
Sunt,. Haz. A W.— 1st, 58 103
103 Hi
Northern ol N. Hampah. 126
96
Norwich A Worcester... 16;^
2d, 6b, 1938
97
162^
Syr.CJen.A Com.— Ist, 7s.
Old Colony
18
Ogdensb. A L, Chftniplain. 16
Tex. A Pac— 1st, 68,1908
i07"
123
80
Portland Siico A Porlsm. i
Consol., 6s. 1905
82 Hi
2 2 Hi '.£»
40
Rutland— Pref erred
Uulon A TltuBV.— let, 7s
43
IS", 13 >a United N. J.— ConB.es,'94
Summit Branch
114
Worcester Na.'th'aA Koch
Cons. 68, gold, 1901
16>a IB=9
Wisconsin Central
Cons. 68, gold, 1908
24-, 25
Preferred
Gen., 48, KOld. 1923
—
.
'
V
Warren A F.— let, 78. '96 98Hl
112^1
West Chester -Cons. 7b
W.Jeraey— l8t,68,op.,'96
117Hi
PHll.AItEI.PillA.
.
BAILKOAJ) STOCKS, t
Allegheny Valley
Ashtabula A Pittsburg
Preferred
Bell's
Oap
8ial
let preferred
2d preferred
Delaware A Bound Brook
41
Bast Penu.'^ylvaiiia
342
Klmlra A wilUamsport.
A Broad Top
Prefeneti
Lehigh Valley
Preferred
{58
lu"*
21
67
NesQuelioning Valley
Norfolk A Wesfn— Com.
PrefeiTed
Northern Central
PennsylvanlH
Philadelphia A Erie.
Phlla. Oer. A Norristown
Phlla. Newtown
N.Y..
52'4
65 "a
60
53
S32S4
33^1
65
66
23
Reading
Phlla. Wllm. A Bait
United N.
A
J.
a.1'4
2H»4
ll'e
8t. t,.—Com.
Companies..
A
12V
109 Hi
A
A
"Wesl Jerney
West Jersey
10»i
23 1«
305
60
40
Atlantic.
CANAL STOCKS.
47 "a 47 »6
Bohnylklll Nav., pref...
RAILKOAL. BONDS.
.
18
A
Pitt«b.— lBt,68
iBt. 6». reg., 1908
Belvld'e Del.— 1 st,6s,ie02 1 1 7 "a
3d, 68, 1887
103 >a.
Bell's Uap— lst,78, 1893.
120
Ist, 68, 1906
lOlI
Coneol., bft, 1913
Buff. N.V.A PhU.— l8t,6s
2d, 7b, I'JOH
100
•
1922
ICz.dlviaeud.
60
50
Central Ohio— Com
Pref
2d8
3ds
61
59
104 >4
IO8I4 IO8H1
114Hi
101 Hi
70>8
39»4
Ist Inc., 58, 1931
88 14
2ds
No. Central— 4 His, J. A J 106
120 Hi
6s, 1000, A.
8B,gold.l800, J.AJ.... 121
Union KR.— l8t,gua.JAJ
Canton endorsed
Virginia
A Tenn.— 6e
88
W.Md.—68,
let, ».,
A
—
108 Hi
89
126
109
125
J.AJ.
2d,Tror., J.
J
2d, (,nar. by W.Co.,J.AJ.
68, ^d, guar., J.AJ.
Wllm. C A Aug.—6s.
WU. Weiaon—68. ..
106 Hi
116
Peralure.
tlndetaolt.
total vote was 80,544 shares.
In his annual report for the year ending Sept. 30, 1885, Mr.
Robert Garrett, the President, says: " It is well known that
the entire fiscal year has been one of exceptional depression
with all industrial and manufacturing enterprises, but notwithstanding this the results for the year would have been
much improved had it not been for the wasteful and deetruotive metiiods of competing lines in carrying freight at rates
considerably below the actual cost of the service performed,
Tlie needless additional losses thus entailed did not divert the
company from the pursuit of its fixed policy, and it did not
hesitate to make such sacrifices as were required to maintain
its position and to protect the interests of the port of Baltimore,
as well as the other interests dependent upon and identified
with
system."
that the earnings of the Main Stem and its
branches, in comparison with the fiscal year 18o4,Iiave decreased
$1,773,706 and the working expenses have decreased $505,864,
making a comparative decrease of the net profits of $1,267,841.
Semi-annual cash dividends of 5 per cent upon the capital
stock were paid on the 1st of November, 1884, and on the 16th
of May, 1885. The Profit and Loss Account shows an increase
for the past fiscal year of $110,819. It will be seen by this
account that the Surplus Fund, which represents invested
capital derived from net earnings, and which is not represented
by either stock or bonds, now amounts to $47,814,615.
The payments for investments on account of the Sinking
Funds for the redemption of the Sterling Loans due in 1895,
1902, 1910 and 1927, during the year amounted to $627,420.
In accordance with the agreement with the City of Baltimore,
the tenth annual payment, namely $40,000, of the principal of
the bond for one million dollars given for the purchase of the
interest of the city in the Pittsburg & Connellsvillf Railroad,
has been made, thus reducing this obligation to $600,000.
COAL TRADE OF THE MAIN STEM.
This shows an aggregat"? of 3,487,170 tons, which includes
443,544 tons for the Company's supply. Of this quantity, that
transported for the public, delivered in Baltimore, is 2,288,949
tons, and that delivered at local and western points, 754,677
tons.
In the fiscal year, 2,003,982 tons of coke and coal were
transported on the Pittsburg Division and 909.594 tons of
coil on the Trans-Ohio divisions. The aggregate of coal and
coke thus transported, including all divisions, was 6,400,746
tons, showing an increase for the year of 8,071 tons, and an
increase compared with 1883 of 723,909 tons. Eight hundred
and twenty-nine iron cars, of the largest class, have been added
during the year to the coal car equipment.
{
its
It is
shown
Last pitoetlUa week.
shown by the
766,163 barrels of flour and 13,048.258 bushels of grain
were brought to Baltimore during the fiscal year, being an
increase of 48,905 barrels of flour and an increase of 1,495,206
bushels of grain as compared with the preceding year. Of this
aggregate of grain, 3,200,035 bushels were wheat, 8,383,859
bushels were corn and 1,216,503 bushels were oats, being a
decrease of 3,215,535 bushels of wheat, an increase of 4,910,919
bushels of corn and a decrease of 253,413 bushels of oats. In
live stock the traflSc has been 67,890 tons, a decrease of 14,397
tons, and in lumber brought to Baltimore 86,560 tons, a
tons.
decrease of 20,838 tons.
The tonnage
of through merchandise east
and west was
For
For
For
For
For
For
For
For
1871
1872
1873
1874
1875
187K
1877
1878
435,'207
567,609
640.266
752,2.'S«
872,101
1.09S.393
1,047.645
1,149,199
All the tracks of the Main
:
Tons.
roji».
For
For
For
For
For
For
For
1879
1880
1881
1882
1883
1,424,629
1,9-0,397
2,014,110
2,04:<,227
18^4...-.
1885
2,108,i25
2.27.V25a
2,338,147
Stem and of nearly
branches east of the Ohio River are
The
78
1
Decatur H. Miller, Josliua O. Harvey, George W. Dobbin,
C. Smith, Aubrey Pearre, T. Harrison Garrett. The
Henry
report of the General Manager that the
tonnage of through merchandise east and west has been
2,338,147 tons, whilst in the preceding year it was 2,275,253
11994 120 1*
39
30, 1885.)
The annual meeting was lield in Baltimore, and the following;
directors were unanimously re-elected to serve for the ensuing
year: William F. Burns, John Spear Nicholas, John Oregg,
William W. Taylor, James Carey Coale, G. A. Von Lingen,
THROUGH TONNAGE.
5Hi
50
86
{For the year ending Hept.
It is
60
RAILROAD BONDS.
Atlanta A Charl.— Ist...
Inc
;l8llimore A Ohio—4s...
Cen. Ohio.—68, l8t,M.AB.
Charl. Col. A Aug.— Ist..
2d
Cln. Wash. A Bait.— IsU.
A
Cons. 8s, 1921
1st. Tr. 69.
2d pref
Parkeraburg Br
5s, Series A
5b, Series B
Plttsb.ACon'ells.— 7sJAJ
122
7b, k. ext., 11)10
Inc. 78. end., coup., '£4
Ashlab.
BAL,TII*IORB.
AO
5Hi
Allegh. Val.-7 310s, "93
90
Atlanta A Charlotte
100 177
Baltimore A Ohio
130
let pret
ColnmblaA Greenv.— Ists
Lehigh Navigation
Pennsylvania
130
RAiLK'D srocKs.tPar
Western Maryland
North Pennsylvania
Plttsb.Cin
81
Ches. A Del.— l8t,0»,1888
20
Lehigh Nav.— 68,reg.,'84 110
53
118
Mort. KB., reg., 1897 .
60 >9'
126
Cons., 78, reg., 1811 ...
87
Pennsylv.- 6s, cp., 1810..
43
88
Sohuylk. Nav.— 18t,88,rg.
89
2d, 6e, reg., 1807...
.,
Uttle achuylklll
Mlnehlll A scb. Haven.
Piilla.
109
110
CANAL, BONDS.
14
Enntlugd'u
Western Penn.—6s, coup,
88, P. B., 1896
Gen., 78, coup.. 1901....
Catawlssa
Preferred
124
114
Ist, 7s, 1899
Con8.6s, 1909
W.JerseyAAU.- lst,68,0. 108
BntTalo S.Y. A PhU
Preferred
Camden A Atlantic
Preferred
683
now
increasetl cost of steel substituted for iron rails
uniformly charged to the Repair Account.
all
the
laid with steel rails.
has^beea
THE CHRONICLE.
5m
The
years
result of the operations of all divisions in the past
shown in the table below :
— Earn ings, 1884-85—
Oross.
Ael.
Gross.
$11,506,958 $0,237,742 $3,733,252 $3,969^900
194,771
315,308
335,9-14
180,331
Wasliin^ton Branch...
48,84-*
547,757
643,164
141,723
Parkersbnrg lirancli..
295,836
1,060,166
376,638
],16i>,773
Central Ohio Division.
119.918
817,785
LaijeErie Divlaiou
1,016.508
261,700
261,605
1.724,61
Cliicairo Division
2.0iG,8S0
488,988
773,419
1,999. »G0
Pittsburg Division
2,294,827 1,042.132
13.621 >
141, 89S
WTieelins Pitts. & Bait.
299,372
7,840
112,125
16,668 J
Pittsbnra Southern
118,430 def.29,102
757
168,532
New'k Sumerset & St'le
Main stem,
etc
$19,436,607 $7,760,300 $16,616,642 $5,643,057
Totals
" The deficiency on the Newark Somerset
&
BALANCE SHEET.
two
is
—Earnings, 1883-84.-^
[Vol. XLI.
Costofroad
Cost of equipment
228.206
year.
THE BALTIMORE & OHIO TELEORAPH COMPANY.
622,148
1,221,960
935,017
228,226
$9,600,479
4,511,700
4,046.400
1,08S,519
228,226
517,438
27,511
3,792,000
3,546,100
1,568.439
228,226
•
l,5'i5,7'>4
Liabilities.
Capital stock.
Funded debt
Unfunded dobt
Na-hua & Lowell
RR
& M. RR
IraprovemeutH N. division
Profit and loss balance
Bo.ston C.
Total
PassenKer mileage
Passenjrors carried
Freight mileaRe
Tons of freight carried
635,490
465,414
$11,085,236
TKAFFIC FIOUHES.
79,668,680
5,944.344
122,958,178
2,228,454
liabilities
•These fl.gures include
by an incendiary fire on January 1, 1885.
" The net earnings of the Chicago Division, and of the from leased lines.
Wfieeling & Pittsburg Division, have been credited to the
accounts for interest of those companies.
" The aggregate working expensps of the main stem, with
all branches and divisions, were 66'03 per cent of the whole
gross revenues, being 5 '91) per cent more than the preceding
6, '^93,126
1,4«'2,780
i&o
Total assets
Straitsville
Railroad is attributable to the protracted strike among the
coal miners of the Shawnee region, causing the suspension,
during almost the entire year, of the coal traffic of that road,
and also by charging to expenses the large sum necessary to
clean out and re-timber Bristol tunnel, which was destroyed
6,600,016
1,188.529
.'..
$11,035,236
Lands, stock, bonds,
Cashassets
Leased equipment
$9,600,479
the value of locomotives
61,313,056
4,979,943
59,427,991
1,477,058
and cars obtained
GENERAL INVESTMENT NEWS.
Atchison Topeka & Santa Fe— Soutliern Paciflc—The
Boston Advertiser reports
" The contract made September 21 between the Southern Pacific Company and the Atchison Topeka A Santa Fo Kailroad Companv, on be-
half of the California S luthern, haviog been ratillo/l by the directors of
of the Baltimore
Ohio Telegraph both companies, it is permissible now to state the t«rm9. The Southern
PaclHc leases to tlie Atcliisoii the free and equal use of its track between
1, 1877, to date, connected with the
Coltou and l.os Angeles, right of way, stations and other facilities, inacquisition and extension of the commercial system, amounts cluding station and teniiinaU at Los Au.wles, so that the Ati:hison may
run Us trains at such times as it nia>- elect. Tlie trains are to have equal
to $3,873,693 26. This sura does not, of course, include the
of tlm
value of the telegraph lines on the Baltimore
Ohio Railroad rights with thosePacific'slessor of the same class, biit shall be governed
by ibe SouiUern
rules while on its tracks, and the latter is to
and branches, and is also exclusive of the value of the district issue sucli time cards ai the Ati bison ina.v demand, uot involving
companies in the cities-of New York, Philadelphia, Baltimore. change of time i.f its own trains or ciowdiug them within 15 minutes of
each other. For this piivile.iie tlie Atchison is to pay .$1,200 per mile per
Cincinnati, St. Louis and other points. The Baltimore
and one half tlie taxes on the main line useil iu common. Taxes
Ohio Railroad Company has received the bonds and stock of annum,
on statious and terminals at Colton and Los Angeles are to be shared In
Ohio Telegraph Company for its advances, proportion to their wheeiage of trains between those points. The Atchithe Baltimore
and arrangements have also been made for the further exten- son la also to pay its proportion of necessary repairs to track, bridges,
fences, .&C.. for telegraph and St tion service, and for superintendence
sion of its commercial telegraph system.
The Baltimore
of the road used iu common, based un the wheelage of their respective
Ohio Telegraph Company is thus securely established on an trains.
The Atchison leases to iho Southern Pacific th-i free and equal use of
independent and permanent basis. It has made a desirable
contract with the Baltimore
Ohio Railroad Company for the its tracks from San Bernnrdino to Arlington, Including similar privileges
and upon the same terms as to mileage and other e^xieuses as in the
use of the wires on its system not needed for railroad pur- foregoing stipulation."
»
.
*
poses, and including that system, it owns and controls 7,333
'Either party Is to enter into the enjoyment of the contract after givmiles of poles and 54,972 miles of wire, covering all the leading ing 15 days' notice to the other. Charges aud rental ara to begin at the
of
to continue indefinitely,
cities.
The policy has been to reach centres of large popula- expirationtwosuch notice. The agreement is party of a
subject to
years' written notice by either
desire to cancel
tion, and thus, in cities of 5,000 or over, it has, through 114 It. Both parlies have given the requisite 15 days' notice for the beginning of the contract, and through trains to Los Angeles and San Diego
offices, reached an aggregate population of eight millions.
The whole number of the company's offices is 1,143. These will begia ruuniug November 29."
Bankers' & Merchants' Telegraph Company.— Notice is
are at points at which, it is believed, over 75 per cent of the
entire telegraph business of the country is transacted. The given to stockholders of this company that they should send to
the Chairman of the Reorganization Committee the amount of
steady and constantly- increasing growth of the business of
the Baltimore
Ohio Telegraph Company, through its first- stock held by them, and in who.se nams the new stock is to be
class service and the low tariffs established, indicates the issued, in accordance with the reorganization agreement, viz.
appreciation by the public of its value as a competitor to the One share of United Lines Telegraph stock in exchange for
Merchants' Telegraph stock.
Western Union Telegraph Company, which has at all times four shares of Bankers'
&
"The indebtedness
Company from April
&
&
&
&
&
&
&
evidenced its determined hostility and antagonism. As all
the leading cities have now been connected by a complete and
perfect system, the Telegraph Company will be enabled to
effect material reductions in its operating expenses, and the
board feel confidence in expressing the belief that the enterprise wliich they have thus so successfully fostered and
developed will, aside from public considerations and its business value to this company, prove a most remunerative investment."
Boston & Lowell.
(For the year ending Sept. 30, 1885.)
The annual report of the Boston & Lowell Railroad for the
year ending Sept. 30, as sent to the Railroad Commissioners,
IS as follows: For purposes of comparison, the figures
for the
year ending Sept. 30, 1884, are also given, but the Boston
Transcript remarks that the latttr are
misleading
and are really of little value in comparing the operations of
Boston & M'aine.— The directors of the Boston & Maine
have negotiated a lease of the Portland & Rochester Railroad,
and the stockholders of the Eastern are to vote upon its ratification, as well as upon that of the Worcester Nashua & Rochester lease, at a special meeting to be held in Boston, Deo. 9.
Practically this will involve no change, as the road is already
controlled by the Boston & Maine.
Cincinnati Indianapolis St. Louis & Chicago.—The gross
and net earnings and charges for September, and for three
months since July 1, have been as follows:
&
:
(
ESEKAL^EXmBIT.
1885
Total tacoaie
Total t-xiwu»o
$1,037,430
i!.73<),.,jo
Net income
Surplus for tlie year
Balance, Sept. 30
02,513
263,281
251,151
:^3,825
474,230
Eftmings passenger deparlment
Earnings freight (lepanuiont
Total tr.insportatiDn earniugg
Other income.
Operating expenses
'.'.''..'.'.'.'.'.'.'."
Ta«s
PBOIEBTY
Neteamings
Flxedchargea
$38,485
50,000
Surplus
$38,485
$1,776,459
2,172 794
3,949'253
8S 186
2 623*434
163;201
8237 460
*56h'380
$271,944
$51,787
$94,997
$121,911
15»<,000
—
to Sept. 30
:
September.1835.
Jan. 1 to Sept. 30.1885.
1884.
$3,260,901 $2,9J9,»74
819,368
860,014
2^3,177
184,533
76, -^21
80,514
31,568
70,258
.
$417,830
106,760
31,352
Passenter
Express
Mails
Miscellaneous
9,489
3,273
Total earnin IS
Total expenses
$>68,694
344,785
$521,957
297,391
$4,415,528
2,917,245
$4,101,000
2,834,190
Net eamlnrs
$223,908
$224,565
56'97
$1,498,283
$1,266,810
69-11
2,779,070
85.0.=,7
1.961,251
113,041
Per. Of exp.t) earns.
Receipts
—
60-63
6606
INCOME ACCOUNT JAN. 1 TO SEPT.
Neteamings
$335,630
^0 219
...".;;.".:
$144,997
150,000
Denrer & Bio (irande. The reports of Receiver Jackson
show the following for September and for three months, July
Freight
l,'48i',144
$101,737
50,000
field has entered a decree of foreclosure, ordering a sale of the
road and property of the company to satisfy the claims of the
bondholders.
251.1-59
$1,396,<)25
—
1884.
$704,619
432,674
Danville Olney & Ohio River.- On application of counsel
mortgage bondholders, the Federal Court at Spring-
1
209,700
4,!- 69
465,414
1 to Sept. 30.
1885.
$603,191
358,193
for the first
93
789,' 34
323..' OR
2,' I?-.,
ACCOtJ.NT,
Totol for construction
Total lo. eauiiMuo.it
Other e.Npenditures
Credlt-s lo property accounts
Not addtlon
..c,n am
^•-- -•-***
i
Rentals
i".."....;:..::".::::"
*''
Interest accrued
I"
IHvidpnrts declared. 6 per cent.
1884.
$2,864,127
.
1885.
$219,258
130,771
tbetwo
years, for while the figures lor 1884-85 include the
business of the Northern andBnston Concord
Montreal railroads for a whole year, the figures for 1883-84 include
the
business of those roads for only four months
—July
Seplem ber.
1884.
$250,988
149,201
.
Gross earnings
Operating expenses
Interest, discount and
Rent of e(iuipment
30. 1835.
If
exchange
1,498,283
6,609
39,442
16,586
Pool balances
1,617
834,0(39
331,013
Total leceipts
,
$1,560,920
November
THE CHRONICLE.
21, 1885.]
Pithurtemenll-
ft, 098
10,0(17
Ttixr"«
V.'.'.V..'."
5H5
Nashville ChattnnoogA b St. Lonlii.—The ktom and net
earnings for October, and since July 1, wore as follows;
r—i m. July I to Oel. '.W.—^
October.
.
.
1MN4.
188%.
leaS.
Gross eamlngi
S'i33.8.JO
Totiil <1l»lmr«('iiiontB
toHppt. 30, 1«W
8urplu« July 12 to Dec. 31, 1884
Operating expense*....
«l,3i!7,10O
8nn>liifl.Ii>ii. 1
$701,472
Eel Rlvor.— At a rocont nieetins: of the stockholders of the
Eel River Kailroail, it wiis (leterraine<l to nllow the Wabash to
continue the operation of the line from Denvers to Butler for
another year, the receivers of the Wabash system having arranged for the jirompt payment of the interest charges when
Netearnlngs
and taxes
Interest
1884.
$101,846
115,781
$203,737
123,374
$732,494
433,441
$419,087
462,484
$70,065
56,409
$80,303
67,179
$290,0^3
$.);7.ft2»
22li,162
228,81tf
9128,707
Balance
$10,566
$23,184
New York Chicago &, St. I^ouis.—The stetement of iik
companr for the ciuarter ending September 80, ax submittM
to the New York State Railroad Commissioners suppi} s
$78,801
IM
following figures
due.
FUchhnrgr.— The annual report of the Pitchburg Railroad
for the year ending September 30 to the Massachusetts Railroad Commissioners had the following
Gross earnings
Ojieratlng expenses
Company
:
& taxes.
Not earnings
Rentals
Interest
Dlvidcndst
Total cliargee
SuH'lus for year
•Decrease,
t
¥2,8i">«.6.'S7
*.i4.r>t4
2,131.405
l.'^,558
725,253
$24e.R03
212,332
272,250
19,038
$5,772
8,35«
•i4,750
•410,622
$731,301
$720,769
$29,660
;«6,139
$23,521
5 per cent, 1885; 5"* per cent, 1884. ! Deficit.
Grand Trunk (Can.)— Central Vermont—A
d the Grand Trunk stated
recent report
:
" An BKreement Mated July 22, 1885, between the Central Vermon t
Railroad and this company will be submitted to the shareholders for
their approval. This agrcenient provides that the Central Vermont
Tmnk
Company, In pursnanoe of
shall tiaiipfer to tlin Grand
aiTiinKein-tiis. 4, f.70 shares ot Its capital stock, thereby securing to the Grand Tnink one-half interest la the ordinary stock of the
Company
rental!
1884
$799,771
5.51, (il3
Ino.
$160,930
04,016
$24H,158
45,000
Ino.
$66,920
$203,158
Deo.
Deo.
$37,740
34,476
$87,eaz
40,010
Inerense,
1881.
1885.
$2,891,281
2,146,960
744,290
$252,^8l
220,688
247.500
Grose earnings
Operating expenses
Net
Taxeaand
1885
$737,025
576,083
former
Central Vermrmt Kaiiway. In return, the Grand Trunk Company undertakes to foster and promote the development of the tramc lietween
tlie resnootlve lines, and to enter Into arrangements for rates, fares and
trains for their nnitual advantage. No monetary liability attaches to
this company In respect of this agreement."
Illinois Central,— This company has just issued a circular,
which says "The companv in 1874 mortgaged its original
line from Chicago to Cairo and from Dunleith to Centralia to
the United States Trust Company of New York as trustee, to
secure a contemplated issue not exceeding 115,000,000 bonds,
of which 18,500,000 have been issued and $7,450,000 are outstanding. Having paid and canceled all its construction and
redemption bonds, company is now enabled to issue its first
mortgage bonds for sum not exceeding |6,500,000, which, with
the $7,450,000 outstanding, will be first lien for less than
$14,000,000 upon 707 miles of railway, all of which bonds will
be equally secured under said mortgage of 1874, The company solicits proposals for $1,500,000 of these first mortgage
4 per cent gold^ bonds, dated Jan. 1, 1886, payable Jan. 1,
Proposals will be opened at noon Nov. 25, 1885."
1951.
:
;
Surplns
The
shows on Sept. 80
receiver's balance sheet
Doc. $186,288
:
$550,166
FlOAtlngdebt
Cash
«iO0,535
offsets
I
$59,229
Surplns
The full floating debt of the road Sept. 80, 188-5, including
the obligations for which second mortgage bonds have been
pledged as security, was :
Bills
payable
$2,710,000
Interest due
072^0
wages and supplies
Due
Due companies andmdividaala...
741,270
59,C05
for
'.
Total
Offsets—
$4,483,765
Due by ogents
Due bv others
$ie4,.530
490,884
8«,176
Cash
$1,048,529
$3,485,256
Total
Net floating debt Sept. 30, 188?
:.;..;
—
New York City & Northern. The following statement of
the earnings of this road is furnished by the Receiver,
1885.
1884.
Month of Oetober.
$34,021
32,905
Gross earnings
Operating expenses
Netearnlngs
February \ to October Z\.
Gross earnings
Operating expenses
$14,387
31.083
$1,116
$13,314
$272,617
275.353
$U0,663
tl......%.....ll...
275,295
$65,368
Net earnings
$2,736
Deficit
Erie & Western.- At Cincinnati, Nov,
17, the Superior Court granted a motion of this company in
the suit of Proctor and others against it and the Cincinnati
Hamilton & Dayton Company, and others, consolidating this
suit with the suit of Hafer against the Cincinnati Hamilton &
Dayton Company, and entiered a decree dissolving the trust
Indiana Bloomington & Western.—TWb company has agreement and releasing the Erie from its guarantee of a 6
issued no report of late years. The figures given below are per cent dividend upon a majority of the Cincinnati Hamilton
from its statement to the Railroad Commissioner of Ohio for & Dayton stock. The decree makes perpetual the injunction
against the N. Y. L. E. & W. Railroad Company, and directs that
the year ending June 30.
1884-85.
$2,582,935
1,914,513
$2,901,553
1,932,993
$668,425
Gross earnings
Expenses
$968,560
Net earnings
The
result of the year 1884-5
Net earnines as above
1(^83-84.
was as follows
$668,425
BeataUpald
,559,660
$10S,765
Balance
The yearly
interest
charge''
on the mortgage bonds
is
J530,000.
Little
Rock MLssissipni River & Texas.—A
press dispatch
"Two
bills have
Little Rock, Ark,. November 17. said:
been filed in the United States Circuit Court at Little Rock to
foreclose the first and second mortgages on the Little Rock
Mississippi River
Texas Railway, and motions in each have
been filed to appoint a receiver to take charge of the road in
interest of the bondholders, which motions are to be heard
the
this term."
from
&
Memphis & Charleston. — A
press dispatch from Huntsville,
Ala. , Nov, 13, said that the stockholders of the Memphis
Charleston Railroad had decided to issue additional stock amounting to $2,250,000, to jmy off certain indebtedness and build the
line from Stevenson, Ala,, to Chattanooga, a distance of 40
miles,
&
Mexican Central.-The exhibit of earnings for September
and for nine months is as follows:
.
Seplember.1884.
1885.
Gross earnings
$238,794
OperstlnK expenses...
153,031
Netearnlngs
Jan. 1
1885.
.
to Sept. 30.
1S84.
$246,006
208,131
$2,6,50,414
1,526,531
$2,101,248
1,920,729
$37,S75
$1,123,883
$174,518
$85,763
Mexican National. — Following is a statement of the earnings for September, and from Jan. 1 to Sept. 30—9 months.
.
September.
188.5
Gross earnings
Operating expenses
etearnlnicg
$100,030
86,908
$13,122
.
1834
$100,352
97,818
$2,534
.
Jan. 1
to Sept. 30.
1885
$999,071
$l,O'Jti,0.59
818,777
S'30,356
$180,294
$95,7(3
18S4.
New York Lake
the holders of trust certificates, upon delivering them to the
trustees, shall receive certificates in equal amount of the stock
of the C. H. & D. Railroad Company.
Kieman reports to-day "The New York Lake Erie
Western Railroad Co. has made contracts with Drexel, Morgan
Co. which provide for funding the entire floating indebtedness of the company. The floating debt will be provided for by the issue of the bonds of the Long Dock Co.,
the New York terminus of the Erie— 6 per cent gold, fiftv
years to run. These bonds have been negotiated, and will
enable the Dock Co. to reimburse the Erie Co. for the large
advances heretofore made by the latter to the former. The
proposition made by Drexel, Morgan & Co. is that the holders
of the second consolidated mortgage bonds shall receive pay.
ment in cash of the coupon which matures on the 1st of December, and fund those of June and December, 1884, June
1885, and June 1886, into a gold bond, maturing in 19G9, bearing 5 per cent interest and secured by deposit with the Farmers'
Loan
Trust Co. of the coupons thus funded, which will
preserve all their original lien. These bonds can be paid off
at 105 at the pleasure of the company."
—
:
&
&
&
Now York & New England.—At Boston, Nov. 17, Judge
Devens, of the Supreme Court, so far modified the temporaijr
injunction against the New York & New England roadi
restraining it from issuing its preferred stock in payment of
its unsecured debts, as to permit the subscription to the preferred stock in cash by the creditors, and the re-payment to
them of the money subscribed in discharge of their claims.
This makes it possible for the company to accomplish its pappose, and will subject it to no inconvenience. Judge DevenS
his opinion says that the real intent of the statute was that
the corporation shall have the full cash value of all the stock
it issues paid into its treasury, but if it be thus jaid in the
corporation may not only devote it to any lawful object, but
may agree to devote it to any such object.
The second mortgage bonds, amounting to $1,842,000, owned
by the State of Massachusetts, were offered for sale on Nov.
19, and the whole lot awarded to F. L. Higginson & Co. at 90,
this firm representing friends of the company.
private dispatch from Boston, Nov. 20, says: "The
New York & New England Road has placed its preferred
m
—A
THE CHRONICLE.
586
[Vol. xli.
Joseph & Grand Island.-The stockholders of this
company, at their meeting at Elkwood, Kan., ratified
New York New Hnven & Hartford.—The annual report of the agreement with the Union Pacific, and confirmed all the
acts of the reorganization committee.
Messrs. Charles F.
the New York New Haven & Hartford to the Massachusetts
Adams, Jr., Elisha Atkins, F. L. Ames and Sidney Dillon are
State Commissioners for the year ending Sept. 30 makes the
the Union Pacific representatives in the Grand Island directory.
following exhibit
This means that
stock.
come out
will
it
of the receiver's
St.
railroad
hands."
Etntale
rivldends, 10 per cent
Surplus for the year
Earnings, passenger
EarningB. freislit
Total transportation earnings
220.868
4,361,943
2,423,693
6,785, .537
110,287
4,312,969
311,017
18.691
208,676,877
Otheriucome
Operating expenses
Taxes
.-.
...
Total for construction
Passenger mileage
Paseengers carried
Freight mileage
Tons
124,168,149
2,148,463
New York Snsanehanna & Western. —The
for October
325.514
125,473
206,677,775
7.582.213
125,743,803
2,181,250
7, 765, .575
of freight carried
ment
2,059,012
419.790
1,550.000
9.171
4,340,583
2,440,919
6,781,502
105,755
4,502.730
],5."O.0CO
Dow, Jones
published by
is
following state-
& Co.
Changes.
1885.
Surplus
Norfolk
month
& Western.—It
$99,058
54,180
Inc. $8,028
Inc. 1,169
$49,737
34,250
Ket
Interest for
1884.
$105,086
55,349
Gross
Operating expenses
$14,878
Inc.
$4,858
President, James H.
Treasurer, Henry
;
Shreveport & Houston Narrow Gauge.—The negotiations
between Simon Levy, the receiver, and the bondholders of the
Shreveport & Houston Narrow Gauge Railway Company, were
settled Nov. 6, by the bondholders assuming and paying all
the indebtedness. E. L. Bromond was elected President in
place of E. D. Jacobs, resigned. G. O. P. Sheldon and Neil
McDonald of New York were elected directors.
Texas &
Louis.—A
press dispatch from Waco, Texas,
Central Trust Company of New York
yesterday filed a motion with the Clerk of the United States
District Court to amend the decree in the matter of the Texas
& St. Louis Railroad Company rendered April 23 last, so as to
include sums aggregating $4,214,000 to be applied to the payment of cost, claims, expenses, debentures, &c. The amended
decree provides that, in default of payment of the aggregated sums by Nov. 30, the 313 miles of the road operated in
Texas, together with terminals and land grants, &c., will be
Nov.
17,
St.
said:
"The
—
announced that
Tniott Pacific. The Treasurer advertises that he will purthe current month any or all of the outstanding land grant bonds of the Union Pacific Railway Company, of the several issues, at the following prices: Bonds due
April 1, 1887, 1047g flat bonds due Oct. 1, 1888, at 108 15-16
flat
bonds due April 1, 1889, at 1101^ flat.
company chase during
this
money necessary to complete twenty -three
miles of the Cripple Creek extension. This extension is from
Pocahontas, W. Va., to the coal mines on the Bhiestone River.
private cable dispatch from London says that President
Kimball placed $600,000 of the improvement and extension
has secured the
A
bonds at a price near par.
Norwich &
:
sold."
$15,487
is
elected ofiScers as follows
Benedict
Vice-President, Elisha Atkins
McFarland,
;
4,82i?,245
4.623.986
2,271,838
420,970
Ketincome
The company
1884.
$6,887,258
188'^
$6,895.i-24
Total Income
Total expense
;
;
Wabash
&
Pacific.- The Wabash receivers filed a
and expenses of the separate leased
lines in the Wabash system for the quarter ending August 31,
1885.
The following table shows the lines which have been
operated at a loss during the quarter and those which have
been operated at a loss during the period of the receivership.
The Champaign Havana & Western and the St. Louis &
Council Bluffs, however, have produced an excess of earnings
over expenses during the period of the receiversliip. The roads
which earned an excess over operating expenses for the quarter were in the Chronicle last week.
St.
Louis
report of the earnings
Worcester.— The annual statement
of
this rail-
road to the Railroad Commissioners for the year ending Sept.
80, 1585, compares as follows with the previous year:
1885.
Net Income
1884.
$750,481
427,988
Total income
Total expense (including taxes)
$761,900
464,387
$322,493
40,050
24,335
233,802
Rentals
Interest
Dividends declared
Earnings
Surplus for year
$24,245
leased to the
The Norwich & Worcester is
New York & New
England. The rental was reduced during the present year to
8 per cent, instead of 10 per cent, as formerly.
Philadelphia & Reading.—The Chronicle has recently
said nothing of the various rumors concerning this company,
as nothing definite was known.
The Philadelphia I'imes
believes that the Vanderbilt party will secure control at the
election in January, and that Mr. Gowen wiU not be made
President.
The reorganization committee have not yet published their
plan, and a meeting of the Bartol committee will be held
Nov. 23 to take action on the long delay, and possibly to
withdraw their members, Messrs. Bartol and Garrett, from
the committee, and then press a foreclosure.
What is known as the Robinson foreclosure suit against the
Philadelphia & Reading Railroad, begun in January last in the
United States Circuit Court by William M. Robinson and other
general mortgage bondholders, asking that the Fidelity
isurance Trust and Safe Deposit Company should, as trustee
under the general mortgage, take possession of the property,
is in a position now to be pushed forward.
Railroads in New York State (Quarterly Reports.)— The
following abstract shows the operations for the quarter ending Sept. 30 in 1884 and 1885.
Rome Wat.
.
XeeeipU—
1885.
Gross earnings
Opwating expenses...
Net earnings
Income, other sources.
Total net receipts.
Deductions
—
Interest on bonds*
All taxes*
Rentals*
.
.
MUoellaneoug
—
0yd.
1884.
$188,280
7,470
$205,630
$113,521
$147,694
$195,750
$205,630
$113,521
$147,694
f
$149,237
i
I
$65,2241
31,364
I
$30,043
$30,013
Deductions—
Total deduotlons..
$31,160
$31,160
($117,670
12,092
$12,001
"i'.2'74j
—
Eentalb*
Miscellaneous def..
1884.
$311,742
164,018
Total deductions.. $149,237
$97,866
Balance, surplus... $46,513
$107,701
Bost. Hoo. Tim. d: l^.-^
Reteipls
1885.
1884.
Gross earnings
$146,187
$15.5,735
Operating expenses. .
116,144
129,297
Interest on bonds*..
All taxes*
,
$350,423
236,902
)
Total net receipts.
ds Pitta.
$509,465
303,835
1
Net earnings
Income, other sources.
Soch.
1885.
$183,435
295,155
1
]
<t
I
"6, 67
.5
$12,001
$136,329
$101,502
$11,365
Troy <t Boston.
,
1885.
1S84.
$75,877
48,719
$114,793
57,885
$26,438
$27,158
6,154
$56,908
$26,438
$33,312
$65,376
lji5,965
563,252
8,4e8
$15,958
$5,965
$63,252
$15,958
Balance
def.$l,117 8ur.$20,173 dof. $29,910 sur. $19,418
•Proportion for quarter, whether paid or not.
Exjienses
Deficit
for
for
for
Qiiarter.
(Quarter.
Road:.
Deficit $25,119
&
St. Jo.sf ph
St.
St. Louis
St. Louis C. B.
Louis
Ottumwa& Cedar R.
&
$10,937
22,379
3i\n41
95,334
.^15,493
21,574
Detroit butler A St. Louis.... 148,960
Cairo Division
Attica Covington & Southern.
1,242
Peoria Pt'kln ct Jacksonville. 4?,070
SprlBKHeld ife Northwestern.. 11,703
St. Louis Jerseyv. & Springf.
5,015
Champaign & Southeastern..
3,128
186,543
37,5t3
2,773
43,805
19.031
8,392
3,187
1,735
7,327
3,376
58
27,274
26,454
819
Champaign Hav. & Western
Havana Kantoul & Eastern
Qulncy Missouri & I'acitlc
•
1,822
23,808
16,332
29,935
89,479
23,875
'
Quarter, ceivership.
$1.55.5
$74,719
28,505
31,269
98,403
3,545
24,234
26,876
30.794
97,127
45,449
Council Bluffs & St. Louis
Clarinda tfc St. Louis
Missouri Iowa & Nebraska...
Des Moines & St. Louis
Des Moines & Northwestern..
Eel River
Toledo Peorii <fe Western
Tot. deflci
since re-
6,126
1,228
3,069
1,722
425
10,543
858
7.648
1,.5"36
21,835
30,094
*12,575
9,809
27,002
74,856
22,484
38,V96
99,571
*7,346
1,459
114,704
5,617
39,702
61,126
33,672
5.831
14,588
10,407
Excess of earnings.
Wisconsin Central.— The General Term of the Supreme
Court of Wisconsin h.as just handed down a decision affirming a former finding of the referee in December, 1883, in the
suit brought against the Wisconsin Central Railroad Company
by holders of old first mortgage land grant bonds of 1871.
The
Wiscon.'^in Central Railroad
Company was
reorganized
without a foreclosure, and under the decision just given the
lien of the old unassented first mortgage bond's is upheld as
prior to that of the securities issued under the reorganization;
and, secondly, it restrains the trustees from making any payments on the preferred bonds of the reorganized company in
preference to any payments which should be made on the old
first mortgage issue.
Worcester Nashua & Rochester.—The bonds whose holders have secured an injunction against the stock dividend
voted by the Worcester Nashua & Rochester directors are the
$700,000 Nashua & Rochester Ss, guaranteed by the Worcester
Nashua & Rochester, and were convertible into Nashua &
Rochester stock as per terms of the mortgage. Nashua &
Rochester stock was exchangeable into Worcester Nashua
& Rochester stock, share for share, at the consolidation in
Bondholders claim the right to convert their holdings
1883.
into the new stock, the same as into Nashua & Rochester
Counsel for the consolidated roads say the claim is
stock.
not a good one, and it will be disputed.— J5o«tow Herald,.
—The annual report of the Worcester Nashua & Rochester RR.
makes this showing:
1885.
Totalincome
Expenses
Netlncome
Interest paid on funded debt
Interest paid on Lther debt
Dividends paid
Surplus
Passenger earnings
Freight earnings
$633,074
441,107
191,966
83,100
5,729
78,579
24,558
215,6.55
408,316
1831.
$63-.),447
458,025
181,421
83,100
6,686
65.809
25,825
22H,084
404,865
NOVEMBEB
THE CHRONICLE.
SI, 1885.] I
JChe Commjctcial '45imes.
COMMERCIAL EPITOME.
COTTON.
Fmdat,
The MoTKHBKr of thk Chop,
p. M., November 20, 1885,
as indicated br our telegrama
from the South to-night, is given below. For the week ending
this evening (Nov. 20), the total receipts have reached 270,421
bales, against 232,001 bales last week, 274,422 bales the prenona
week and 268,023 bales three weeks since; making the total
receipts since the Ist of September, 1885, 2, 165,357 bales, against
2,220,759 bales for the same period of 1884, shovnng a
decrease since September 1, 1885, of 65,402 bales.
Friday Nioht, Nov. 20, 1885.
The course of regular trade during the past week has ofTercd
little or nothing to call for special comment. The attention of
mercantile circles has been directed mainly to speculations
tliat have turned largely upon the reports of the progress of
the war between Servia and Bulgaria, and the complications
XteeipHal^
Food staples have been Salveston
arising, or likely to arise, therefrom.
favorably affected, while cotton suffered a check, and all
IndUuiuia, Su>.
varying as the advices by cable pointed to a general war or New OrleiMu...
foreshadowed hu early peace.
Lard for future delivery was in brisk speculation, and the
regular trade much improved, causing a considerable improve-
587
HobUs
Florida
Savannah
Jfon.
Sat.
Wtd.
Tue*.
6.207 11,161
8,008
•-
Thur§.
*W.
Tbtat.
4,326
34,699
....
-...
0,533
4,164
8.412 22,411 22,880 20,908 10,025 18,045 102.771
3,455
1,298
1,813
753
695 l,»i78
9,697
8,711
3,711
6,533 8,379 6,133 6,953 5,320 8,790 3H,10S
Bnmsw'k, 4o.
...
....
.--.
80O
....
800
ment in values. On Wednesday and Thursday the market Cbarleston
4,859 5,780 4,919 5,376 6,158 3,761 29,833
Pt. Royal, &e.
....
was buoyant. To-day most of yesterday's advance was lost,
.--.
• -.
•->
100
lOO
724
667
479
S68
641
659
3,738
and the close this afternoon was 6"51c. for Dec, 6'81c. for Wilmington
Moreh'd C.,<S!C
— ..
....
• ••>
• «••
579
579
Jan., 6-69c. for Feb. and 6-79c. for March. Spot lard was dull
Norfolk
2,801
6,547
2,813 4,839 6,858 4,797 28,660
to-day and the late advance is not fully maintained, closing
We8tPolnt,<!to
13,10.1 13.102
at 6'40@6'45c. for prime city and 6'55@6'60c. for prime West- New York
225
21
2,016
417
305
60
3,034
ern. Refined for the Continent closes at 6 '800, Pork was Boston
....
....
207
207
firm and fairly active at |9@|8 50 for extra prime, $10@$10 35 Baltimore
Philadelp'a, ibc.
219
85
66
35
9
968
1,383
for mess and |12 25@$13 75 for clear. Cut meats are irregular and more active; pickled hams at 8)-4@8J^o., pickled bel- Totals this week 32,435 56,629 44.132 45,477 32,920 68.82^ 270,421
For comparison, we give the following table showing the week's
lies 5}.^@Cc. and shoulders 4J4;'@5c.
Beef is quiet at |10 for
extra mess per bbl. and |18@f20 for India mess per tee. total receipts, the total since Sept. 1, 1885, and the stock to-night,
and the same items for the corresponding periods of last year.
iieef hams are firmer at |16 50 per bbl. Tallow has had a steady
'..'.'.
trade at
4^ c.
Stearine
what depressed and
is
firm at 7c. Butter has been some-
closed at 18@28o. for creamery.
Cheese
has favored buyers and State factory closes at6@10c., the
latter extreme.
The number of swine slaughtered at Western towns from Nov. 1 to Nov. 17 was 436,500, against 228,400
summary
of
Liird
Ibg.
lbs.
lbs.
1884.
2,303,000
22.950,547
16,791,155
1884.
Since Sep.
1, 1885.
Week.
.
34,699
Ind'nola,&c
New Orleans. 102,771
MobUe
9.697
38,108
335,566
781
613,629
82,135
17,147
416,281
800
7,46S
Charleston...
29,833
Pt.Royal,<Sfco
100
272,658
2,744
56,493
(Galveston
3,7H
Florida
Savannah
26 to Nov. 14:
Pork
Bacon
TMs
Br'Bw'k,<fec.
The following is a
aggregate exports from October
for the corresponding period last year.
comparative
1885.
Reeeiptt to
Nov. 20.
188 5.
2,02J',200
274.800
Inc.
Inc.
Inc.
15,910.719
13,514,331
7,O09,-i28
3,276,8:^4
Wilmington
3,738
BtocK.
Since Sep.
1, 1884.
This
Week.
21.967
361
73,869
11,336
3,585
36,033
767
32,975
327
5,494
274,220
7,676
575,972
92,309
21,857
430,405
6.710
314,762
1,217
57,594
3,911
248,344
141,32>
7,091
27,614
745
9,007
1885.
1884.
85,498
237,918
24,091
1,202
100,902
51,846
102
263,136
14,982
1.401
120,440
81,528
84,079
23
25,083
13,526
Rio coffee has been depref sed by the Brazil advices, and the
H'headC.,<&c
579
2,731
750
weakening of speculative confidence. Fair cargoes on the spot
Norfolk
28,660 209,581 41,270
4>^,222
69.180
are quoted %c. lower at 8V^c., and options have also
W.Polnt.&o. 13,102 107,896 22,988
11,439
declined, closing this afternoon with sellers at 6'55c, for Dec, New York...
3,031
9,672
1,337
147,752 116,679
Boston
494
2,907
6-70c. for Feb., 680o. for April and 6-90c. for June.
6,310
6,310
Mild
207
4,054
300
18,734
21,480
coffees have also been dull and drooping.
Raw sugars were Baltimore
P]iUadel'a,<tc
1,382
6,02
348
9,396
7,087
somewhat depressed early in the week, but latterly have been
Total
270,421 2,lfi5,357 258,774 2,220,7.^!! 778,092' 801,316
fairly active at pretty full prices.
Fair to good refining Cuba
In order tliat comparison may be made with other years, we
quotedat53^@57-16c., and centrifugal, 96 deg. test, 515-16@6c.
Refined is firm at 5i^@63^c. for soft white and 6J^@7c. for give below the totals at leading ports for six seasons.
1885.
1884.
1883.
1882.
1881.
1880.
hards. Molasses has remained dull, and there has been less Reeeiptt air—
doing in teas,
Qalve8t'n,&c.
34,699
22,328
28,396
32,006
17,024
24,518
Kentucky tobacco has been much less active, but the New Orleans. 102,771 75,869 77,075 65,760 62,021 41,987
9,697
11,386
13,364
11,191
16.922
14.406
demand is still fair, and sales for the week are 400 hhds., of Mobile
which 800 for export. Prices are unchanged, ranging from Savannah.... 38,108 33,093 23,469 33,837 36,886 32,570
29,933
33,302
16,378
25,973
29197 27,309
6c. to 12c.
Seed leaf tobacco has also been quieter, and the Uharl'st'n, &e
4,317
6,214
5,693
sales for the week are only 1,360 cases, as follows 450 cases Wilm'ftt'n, Ac
8,189
9,111
8,300
. .
:
1884 crop, Pennsylvania Havana seed, 4@15c. 200 cases 1884
crop, Pennsylvania seed leaf, 8^@ 12c. 100 cases 1883 crop,
Pennsylvania seed leaf, private terms 180 cases 1881 crop,
Pennsylvania seed leaf, 7® 12c.; 150 cases 1884 crop. New
England Havana, 13(a25c.; 180 cases 1884 crop, Wisconsin
Havana, private terms, and 100 cases sundries, 5@ 30c.; ali^o,
400 bales Havana, 60c.@|l 10, and 250 bales Sumatra, $1 20(3
|1 60.
Crude petroleum certificates have been active, the si)eculation showing at times considerable excitement, but prices
have varied materially, and the close this afternoon is quite
depressed at |1 045^(g|l 04?^., crude in bbls. quoted at 73^i@
7Vc.; refined in bbls. at 85gC. and in cases 9%<SWJic.; naphtha 7J^c. The sppculatlon in spirits turpentine was dull until
yesterday, when 500 bbls. sold for December at 37>^c., an a 1vance, and Itj-day the market is a<»ain firmer at 41@43l\
asked for the first quarter of 1886, and quoted 37^@38c. on the
spot.
Rosins have been drooping, and common to good
strained close at $1 03>^@|l 10.
Pig iron has shown an upward tendency, and to-day at the
Metal Exchange the market was very strong, the spot quotation advancing to |17 37^. Tin advanced yesterday, and today was steady for spot at 30 90@31-15c., closing firmer ;
futures strong at 20 '^(320-85o. Tin plate dull at $4 40^a|4 50.
CopperstronBiatlO 95@lM5c. for Lake, 990@10-05c. forBalto.
and 9-80@l010c. for Orford. Lead firm at 41o(^4-2oo. for
domestic. Spelter steady at 4%(a4-55 for domestic.
Ocean freights have been Oull so far as grain shipments
were concerned, but to-day there was some revival at 2^d. to
Liverpool and 3J^d. to London. Petroleum charters have
been fairly active at 2s.@38. IJ^d. for refined to the leading
;
;
;
_
British
and Qerman
ports.
Norfolk, &o..
All others
41,762
9,134
64,258
9,294
39,574
50.502
129S1
14,711
43,953
17,069
42,441
10,661
Tot. this w'k.
270,421
258,774
222,510
242,169
232,216
205,192
BlaeeSept. 1. 216>.357 2220.759 2198.099 2137,24'i 2123.044 2319,716
Galveston lucluileo ludlauula; Oharlesum inoiudea Poi-i Hoyal. Ac.
WllmiuKtoii includes Morehead City, Ac; Norfolk includes WestPoint.Ao.
The exports for the week ending this evening reach a total
of 216,239 bales, of which 98,793 were to Groat Britain, 30,331
to France and 87,208 to the rest of the Continent, while the
Stocks as made up this evening are now 778,083 hales. Below
are the exports for the
week and
since September
ir««k EniUni Nod. 20.
Front SevU
Exported to—
OonU-
Qreat
Brit'n. tYance
1,
1885. to
1885.
JVi>ti.
20. 1886.
Basporf** to—
Extort*
from—
1,
ntai
Week.
Britain..
OmtU
Oreat
tunt.
948 35,425
9alT«8ton
ag.ioa
4,771
Naw Orleans..
MobUe
34,0U3
28,517
25,S05
(M.037
1,100
24.409
23,418
23,SM
98.438
I55.»2l
4.037
n«H(.
IMoi.
8.919
81,373
26,415
113,486
134.771
330.893
4,037
6.990
13,008
132,951
83,400
10,<11
12,730
96,307
8D8
83.074
74.888
188,748
34,696
186
3,360
Sl.Sfll
400
12.2tl8
titance
flortda.
aariinnah
Charleston*...
Wllmlii«u>n...
.Vorfolkf
.Sew York
Bo«ton
Baltimore... .
PhUadelp-a,*o
4.473
1.803
8.106
10,713
i.ZVt
4.481
7,<00
«,S8i
843
83
23,893
1.809
15,606
17.939
4,3<«
4.481
U7«
1,178
69.274
40,»0i
S4.6S0
ei.5.«
121.378
16,101
84.U7
ss.iat
11,864
180,448
li-'.lOJ
316.^
631.340124 075
4«?,011 l,l!«,4&8
Total 1884... 125,378 17,388 BS,7«7 l»i.558
• Inoladea exports frum Fort Uoyal. xo,
Potac. Ao.
Lt iDOlades exports from
7SS.97S 100,413
.<!8S.4«3 1,218
Total
9S,:94
30.231
87,«)«
WmI
88*
THE CHRONICLE.
588
In addition to above exports, our telegrams to-night also give
US the following amounts of cotton on shipboard, not cleared
at the ports named. We add similar figures for New York,
which are prepared for our special use by Messrs. Carey, Yale
& Lambert, 89 Broad Street.
On SMpboard, not cleared—for
Leaving
Nov. 20 AT-
Great
Britain,
NewOrleans
Other
France. Foreign
Coast-
4,984
None.
1,411
30.450
None.
14,200
16,700
3,765
None.
740
1.000
4,500
7,944
3,839
400
None.
5,400
3,000
17,855
74,255
16,044
None.
None.
None.
27,211
3.000
6,000
4,200
29,002
18.210
4,000
7,000
MobUe
Charleston
Bavannah
Galveston
Norfolk
New York
Other port 8
Stock.
Total.
voite.
159.229
21,094
(3 328
78,689
3,000
21,200
2.5,400
None.
None.
43.376
25,103
137,952
39.168
22,267
213,030
56.'i,052
The Sales and Prices of Futures are shown by the following comprehensive table. In the statement will be found the
daily market, the prices of sales for each month each day, and
the closing bids, in addition to the daily and total sales.
a
E
a
00
Frld
fhnr
Cln Pri Bal
Clo Pri Bal
Sales,Wedn'ed'y,
Closing Prices
B
m
8?
•0
151,941
132,301
Iotall884
Totall883
46,034
23,423
69,341
41,238
515,912
285,404
206,404
18,038
9.439
72,5,402
in cotton for future delivery at this
The speculation
h
Si.
;
5
;
M
,
II
00
N
c^
«
g
^1
s
Sii
zc
5
2
-Cm-'
MCO
&i»:
1
1
tfli^c ci
1
Oi
0:00^
Cjtc?>Ocn
WO" ^
ffitO
^
2
F^O^I
o-.»
IT
m
Ot
home consumption
»r
3
00
5
M^**
C or
w
5
WC'
.
2
yiO'M^
-i<i
bales.
For immediate delivery the
—
4,G01 bales, including
week are 473,300
up this week
—
TneM
ITIou
3=cro
-1,»
Z^oo
>-<
o ^s
6%
Sati
mon Tnes
7H
8ie
818
G'd Ord
Ix>wMidd'gi 8">i(i 815,
Btr,L'wMidi 9S,8
93ll
9^8
Sisg
9\
j
%
Btr.G'rtMldlO
Midd'gFairilOSs
|10
llOSs
Fair
ill
Ill
rwed Tb.
SH
7
7'io
^=8
8l3ie
98,8
9l8
9l8
9
938
9>4
9^8
91,
908
fi»J6
"in
9'ie
9>3i« 91-ia 9i»,e 10
101,8 103,8 10»,8 10>4
lO'io 10»,e 10»18 1058
11»4
lUin
I
Middling...
Good Mid..
616,8
738
6°1«
8
83lg
8»8
Btr,
615
7 '3
S5
8%
613l6
7'>16
I
2
1
S5";
,a-j;o<o
xxOob
TEXAS.
nion Tnes
Sat.
CO
"-^
Frl. IVedl
Tb. Frt.
615,8
738
85,8
8%
616,8
73e
85,8
7
o
o
o
o
.SO
9>8
93,8
938
938
9^16
958
99ia
99in
915,8 915,8 10
103,8 103,6 10%
109,8 109,8 1058
113,8 113l« 11%
9'fl
Til.
Frl.
Ordln'j-.«!M
613,8' 613,8 7
7
7
7
7
7
7I4
Strict Ord..! 7^4
7>4
7'16
77,,
77,,,
77,8
77,8
7'i«
Good Ord..i 88 is 83,8 83,8 838
838
838
838
838
E33
SSg
Btr. G'd Ord
868
8Uiei 813,6 813,8 8'3,« 8>3,t 81:48
Low Midd'gi i)
9
9
93,,
93, „
93l8
93l6
Btr.L'wMld 914
914
U
97 8
9'ia
U'l«
97,8
9',r,
MiddUng..
«".«
968
97,8
97)8
968
968
068
96s
65s
Good Mid.. !lI3,8 913i6 9i3ie 10
to
10
10
10
10
8U <>'dMid 101,6 |1<"16 IOI16 10 "4 lOH IOI4 10% 10% 10%
Mldd'g Fair
107,8 105a
lOSa
1068
1058
10»R
106a
Fair...
111,8 lithe ll'ie
11% 11% 11% 11% 11%
M
Oi
^
10
im
Sat.
laon Tnes
Wed
Th.
^
50 2
>
9r;
-'Mh''^
.ow
1
Low
..^Ih.
69,8
658
7%
Middling
81,6
813,8
Middling.....
81,8
813,^
8lB
878
eog
75,8
658
878
port. lumpiul't'n
1
Hon. Finn
Tnes. Steady at 1,8 adv
Wed. Steady
Xburs Steady
rl.. Steady
otal.
The
daily
reviouB to
,1
,1
.'
.1
.
524
837
747
019
831
1,116
127
elt.
Total.
524
464
747
919
831
1,116
1
1
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1
The total sales and future deliveries each day during the
week are indicated in the following statement. For the con.
venience of the reader we also add a column which shows at
a
glance how the market closed on same days.
at.. l^nil
01
»«.
tPO
>
SALES OF BFOT ASP TRANSIT.
Ex- Con- Spec- Tran-
0.,p.
2
i-Wt^-^
Cs
>
MAEKET AND SALES.
SPOT MARKET
CLOBBU.
oicfl
1
8
87s
2
UC=M^
9»:
a
'
Good Ordinary
Btrlot Good Ordinary
CO
"o® 1
coOco
5
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°a OCoO OCo=> OCoO
o mmOo mmOm mmO.^
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(ao
i
('.is,™
STAINED.
:ijc>^^
er:
tc*
-) V,
838
8%
Wed
2
M*.
1
coco
QocD
^ o» ^
1
»p:
1
CJCO
CI
^
aoy,
a.*-:
1
(^
»
Ci»-M"'
<o
<I-qO-j
too
.s®
lU,
Ordln'y.^lb
BtrlctOrd..
Good Ord..
1
5
S
tOOM**
5"
e>p.'
Xt-,C
NEVy ORLEANS.
Ul'LANDS.
Sat.
mO^
~a
If'
for export, 4,474 for consumption,
were to arrive.
each day of the past week.
Mto
1
-=»
and
in transit. Of the above,
bales
The folloveing are the official quotations for
A'ov. 20,
1
<?c? tctDo»
total sales foot
127 for 8i)eculation
Nov.
3S
o
©
5^
1
15
*°®
coco
Sik::
to
coco
orto
5
0:05
1
e*
.t-co
^
(o©
?
-==
s
CD
coco
)^i^
^
O'
I
coco
5
CO
didooi
Ui
^
co^
»«:
csceScD
2
(OlCofO
cbcoOco
r3
>
co-o
5
" v-^-^
cw 2 o':C3 2
coco
CRtn
1
cotogo
o r.ioi
wfla
10
SCO
CO
CJi cj,
s
Qi»o:
1
cc CO
©
o
&>
2
•»
*-•
>CT
s
5
COM
1^0
:
COCOpCO
COcbOcj
OOXm**
1
COCO
i^rflC^
2
and some general inquiry, and quotations were on Tuesday
advanced l-16c. To-day the market was strong, middling
tot.al
**
5
»
coco
COCC
-ito
l»
.
III
too
CD
COtjlOlji
ytoi
1
The
a
coco
oioi
1
9
«
,c.
o®:
5'
1
00?
^^Oii.
toto
s «:
5
coco
coco
CC!S§CO
^
iOlo""
•=>:
B^ai
«:
1
5
if'Cd
1
=?*!?
lio*.
lis
seM'4.
*-
'
or)
toto
Tc-day there was a variable and somewhat
sales for forward delivery for the
:
COCO
ettg»
»
1
1
toto
*•*'
so
CO
CO
to
iss "1
W
1
M
^2
7-18.
2
^
a
^
«
ccco
5r
5
hOpt*
M)
r%
uplands closing at 9
1
tJ
rn
for
«,":
It-
material
Ma,
too
coco
cico
QDCE
CO
prevented any general business or
demand
2
tOA
the parity
the spot has met with a better
1
^
ciciOci
-"CD
1
gso^
•<1
mO
COCDo®
ia.w
much above
from Livt rpool and Manchester, was more than lost, especially
in the diftact futures, tut the close was steady. Cotton on
©
CO
to
<ete
cocj
:
<=«
c
pricss.
1
(X)
1
advance in
?
2
IS:
but an increased movement of
irregular marktt; a higher opening, based on better advices
1
to
»l
M
CO
Bi-o.S
too-
.^
-2^
^10
of Live) poo',
K)0'
CO
§
CO
the crop, and the reflection that we are
a
mC*3
-O'C — H-QjC*
3
m
rise;
^
Oipo
:
g
3:
1
CO
= oi.-i»
to
CI
improved somewhat, and reports from Manchester were less
depressed, stimulating with us a demand to cover contracts,
and some buying for the
,
00
01
1
under review, though not so active as last week, and the fluctuations in prices were comparatively slight. Liverpool has
M
3:
1
(0
market
during the week
spirit
fill riis
''^
'
J-"
itk
has ODntinued to exhibit considerable
a 3
OS cs
total.
paid
C-10J2.
98,653
Total 1885.
i2gf i2£|
eg BD
7,-..502
42,122
22,819
9,800
10,000
Vol. XLI.
1
1
1
1
1
* Includes sales in September. 1 885, for September. 130,200
Septem'l
berOotoher, for October, 301,700.
We have lucluoed in the above table, and shall continne eaoli
weeB to Kive, the average price of futures each day for each mouth. It
will be found under eacn dav following the abbreviation " Aver," The
averase foi- each month for the week is also given at bottom of table.
TriiBsferable Orders—Saturday, 9-35c.; Monday, 9 40o.; Tuesday,
9-33C,; Wednesday, 9-40o,; Thursday, 9-40c,; Friday, 9-40C.
:
Balet.
Deliveries.
9.'i,900
91,600
811. SOO
65,200
67,300
62,500
400
100
200
.'4.4741 127,
4.601 172,300!
700
d^UTenes given above are aotuaUy delivered the dar
that on which they are reported.
or
The following exchanges have been made during the week:
12 pd. to exch, 100 Feb. for Mch,
to exch. 200 .Inn. for Mcli.
23 pd, to exch. lun April for June.
to oxeli. 100 .Inn. for April,
36 pd, to exch, 500 Jan. for April. 12 pd, to exch. flOO Feb. for Mcli.
23
r<l.
•.36 lid.
•3,') pd, to exch. 100 Jan. for April.
•dO pd, to exch. 200 Dec, for May.
12 pd, to exch. 100 Mch. for Ai>ril.
23 pd. to exch.
100 Feb. for Apri
•35 pd. »o exch. 6ijO Dec. for Mch 1'35 pd. to exch. 100 Jim tor Apri
NOTKMUER
THE CHRONICLE.
21, 1888.]
Thi Visible Supply of Oottow to-night, as made dp by cable
and teleKrnph, is ns followa. The Continental Htocbn. aa woll a«
weok'B returnn,
and the
and conHtHiiuMitly all the European flKurra are brouKht dowr
But to make the totals the complete
to Thursday eveninff.
flguref* for to-iiixht (Nov. ao), we add the item of exports from
those for Oroiit Britain
afloat, are this
the United States, including in
it
the exports of Friday only.
18S5.
1884.
1883.
380,000
20,000
423.000
54.000
432.000
46.000
49.^,000
409,000
478,000
32,300
24,000
477,000
4,100
33,400
33,000
,'^03.500
2,(!0o
24. too
Stock at ItaiicUma
Stock at OcnoB
Stock at Trieste
000
2,300
110,000
3,000
34,000
6,000
5,000
1,700
135,000
6,000
23,000
6,000
8,000
Total Continental stocks
220,200
Total Eurojican stocks ....
India cotton ano;it fur Europe.
cott'ii alloiit for Eiir'pe
537,000
Egyjit.Hnizil.Ac.alU for E'r'pe
^
BUick in Uultcil 8liitC8 ports ..
lock
Stock In U. 8. iiitciior towns.
TJutted States exports to-day.
3(!.0II0
Btopk at LlTeniool
Btook at r^uclon
bale*.
Total Ornat Britain stock
Stock at Hikniliiirtc
.
3.0 )0
(Mockat HriMiKMi
Btookat AiiiHtirdam
Stock at Kiittrnliim
Stock at Antw.Tp
Stock III II:nit.
Btwk
Ht iMiiirtriUea
Amer'n
2.000
50,300
38,000
1,500
4.600
132,000
6,000
35.000
6.000
000
1832.
8,500
700
1,400
116,000
2,700
30,000
8,200
6,.i00
251,000
8^4,300
201,200
629,200
7 28.00:
19.000
61O.000
11,000
762,300
76.000
761,700
2it,000
4y.').000
519.000
44,000
740,401
218,190
28,300
778,082
274,318
8U1,;)16
212,415
11,000
4ti.'.55
313,.^y2
16.600
9.1,000
2,329,885 2,455,731 2,650,293 2, ,409.5'Jl
Tot-l visible supply
Of the above, the totals of American imd other descriptions are as foUowe:
A merican —
American
afloat for Europe...
United States stock
UoltedStates Interior stocks..
United Stales exports to-day..
61O.000
801.316
231.000
188.000
495,000
»3 1,800
212415
313,f)92
11,000
16,600
274,34
40,o55
•(
.000
11.000
-i
IPS.OOO
54.000
140,000
49,000
44,000
115.000
20.000
72.200
29.000
36,000
.
Ate, afloat
Total East India,
Total American
52
1
5ii7.000
7.'8,082
220,000
87,000
519.000
740.401
218,190
28,300
.2,0.57,483 1,973,731 2,175,998 1,812.891
Total American
SoMl Indiayi, Brazil, Ac.—
Uverpool stock
London stock
Oontlneutal stocks
India afloat for Europe
E«pt, Brazil,
274.000
U8.000
bales
verpool stock
Continental stocks
I.
201.000
46.000
96 300
76.000
55,000
265,oo<j
78,500
114,200
95.000
44.00U
4?2,000
471.300
596.700
272,200
2.057,485 1,973,731 2,175.998 1,812,^91
*0
2,329.685 2,455.731 2,650,298 2,409,591
Total visible supply
h^sil.
5i5,i,d.
5%d.
S^ied.
Price Mid. Upl., Uverpool
lOi^c.
lO»jo.
lC»i60.
S^isc.
Mid. Upl.. New York....
Price
week have been
fgf The imports into Continental ports this
54,000 bales.
The above figures indicate a decrease in the cotton in sighi
to-night of 126,040 bales as compared with the same date of
1884, a decrease of 320,613 bales as compared with the correeponding date of 1883 and a decrease of 79,906 bales as
compared with
1882.
—
AT THE INTERIOR TOWNS the movement that is the receipts
/or the week and since Sept. 1, the shipments for the week, and
the stocks to-night, and the same items for the corresponding
—
period of 1884
is
out in detail in the following statement.
set
bales more than at the same period last year. The reoeipta at
the nftmn to^vns have been 10,843 bales more than the
week last jear, and since Saptember 1 the receipts at all the
towns are 3!18.24.'> bales more than for the same time in 1884;
nme
Quotations por Middunq Cotton at
Otbu llAEKm.
In the table below we give the closing quotatlona of middling
cotton at Southern and other principal cotton markets for eaoE
day of the past week.
78,500
U,0'>0
55,000
931,806
58011
OLOaraO QUOTATIOira »08 MIDDLIMa OOTTOW
Wttk ttiding
Hon.
CUveston
New
Orleans.
OhailOBton
WUuilutfton
Norfolk
.
94
9ifl
»
9
P
.
..
9>8
9«a
9-4
9»8
9
9
Boston
Baltimore
Phlliulelplila.
>H.
Ill"
8«'i«
..
.
9>«
OM—
Thur$.
9
8i»«
Mobile
Savannah
Wtdne$.
9
9i,s
91'is
...
Tutt.
IK
A>(t<r.
g^«
94
9
OH
938
9»«
938
9>8
9>g
r*
9
g^«
?.>
9»H
9<>fi
Augusta
8.3„
8'g
Memphis
^«
s
8.t„
r-
u
8t. l/outs
9
9
Cincinnati...
Louisville....
9
9%
9
9
9
9
9
Rkoeipts from the Plantations.—The following table
indicates the actual movement each week from the planThe figures do not include overland receipts nor
tations.
Southern consumption; they are simply a statement of the
weekly movement from the plantations of that part of the crop
which finally reaches the market through the outports.
RECEIPTS FBOII PLAHTATION8.
TTm*
Ending—
S«c«p(4 at
ttie
Ports. Isfk at Interior 7b«Kn. Bee'ptt /rom Planttu,
1884.
1883.
188S.
I
1883
1884.
I
1886.
1883.
1884.
I
188B.
I
Oct. 16
" 23
" 80..
Not.
«..
-
IS..
"
20..
92,654 119.132 295.381
238.98a 129,511 161,182 286,S61
276,7»1 156,05S'208.307 2Sl,0iH
313,249 174,996 2.^6,611 304,1 19
343,ti29' 198.970 279.931 272,758
3'ifl.748 229.5.19 309.2BI 'g.<i8.'»2«
2.17,a7a;242,289|231,4»l, 202,870
2S2,8t5'2-.5.ll2 261,704
241.921 277,4;0 2ftS,0'i3
207,604 257,041 271,42.S
242,073 26B,lU|2S2.liai
222 510 2^S.774 2711.421
266.835 260,838
321, 969,303,754
304,017 31.'?.148
273,979 324,759
293,088 253,848
289.343 299.781
—
1. That the total receipts from
the plantations since September 1, 1885, are 2,4.)8,7G8 bales;
in 1884 were 3,483,083 bales; in 1883 were 2,508,891 bales,
2.
That, although the receipts at the outports the past week
w.^re 270,431 bales, the actual movement from plantations was
299,731 bales, the balance going to increase the stocks at
the interior towns. Last year the receipts from the plantations
for the same week were 289,343 bales and for 1883 they were
The above statement shows
—
238,3.'9 bales.
Amount of Cotton in Sight Nov. 20. —In the table below
we give the receipts from plantations in another form, and add
to them the net overland movement to Nov. 1, and also the
takings by Southern spinners to the same date, so as to give'
substantially the amount of cotton now in sight.
1885.
1884.
1883.
1832.
Receipts at the ports to Nor 20 2,. 65,357 2,220,759 2,193,099 2,187,240
Inti^rlor stocks on Nov. 20 In
excess of September 1
293,411 212,324 310,592 C42,690
4
'
-
" -' J 1^^
ft c^ -^
£S3:
»;
P
O
B)
C'
^
?:
Tot. rpcclptft from planta'tns 2,458,7t;8 2,433,083 2,508,691 2,429,930
Of
i
X
CO
•
5
:3
Net overUiiKl to November 1-.
Southem cousiimpt'n to Nov. 1
Z.'
I
Total in sight
CJ'I^Kt^'^'pO
'b'X^tO*-'
O, C;
JOW;-JA
WOO
^ ^ •* 33
«-*
O
I
r't^^^P^^,^
CDO'-CCM«C-t#''10OO'^tCCSWi-'W3;if»0»i**-lCDXi tO>JO«'f-OX**wJWM*-J»
<f~
:j*
M
MtO
Of)
CJ3
CD
O 1^ 00 00
C) 05 *» CI lO
O V> ^ CD |K
bioicclvcooi'-'wyiyiitfch-c;^ jo*"05V^
CC CO
!-•
cDC;ii-eo-qooa)pf»^CicO'-iCJOa--cwo
If^
o c^
Viblo'iii'ft.M'^M''— CD;
JL,
-4 •-
oi* iGD*-o^r-*1-'
©
ao'eOjJUCOMCO
owotoxi-'t-'w —
MM
to
OM CO MM MM
M CiV ^ 10 X O
o r 0'j>**'-'
M
WWApDIOOip
OM^iGT o'wa'TxQD':o^^:Da3V| WM^iktic
Xi t^ O Ci 'w
-I to tt^ to *» ** CO
-"I
CD CC Oi
oioxtcioyiwyicoococi^y. i*»ytoc3(—
^ji
'.i
;;(
474,-^(10
CD 01 *- 0: '^ li tC
0*»iC — Olio.—
*)<©y«COJWlO
fOW
is
t--
the lowest 46.
OD *J --» CJ
OD -J - J
01
*^l i.1
» "4 -•
X -J O
O
*^ ;c to
XtiOl3J*.rf.xC-. W*-^JOX'i*.tOCO''IOCJ
10
If-
C OJ M
rf*
MM
5;
C.f C-»
UJ
ito 'Xi )b.
M H- CO
It*
C5 * J
W
10
oolj<to^to*"'-Doio w» ^"to CO*" coTo*MOTrffcOtoco^oos-^-^ocDwxoMOyt
too^xoMJ1'.Dcnu^oultowr-•o;.'<G0^5X
M
cs aoM
t^>-*
M
-J
Mj^ yi x tu co to
caj^^ CO M oa »
c: CO CO 00 -g to
ocoobcKOMOjoiM' co"^aj^w*;Dtjx
C» C» CD
if'^xOrf^coMoaMOi^'
OUM
COOD^hOSMIO
The above
totals
UGoo»ooM^iB>.aico: O'-^toco — »a^iu
show that the
increased during the week 28,604
Cij
:d o< -4
M o to
old interior stocks have
and are to-night 61,933
bales,
470,998
—
Indianola, Texas. There has been no rain all the week,
and picking makes good progress. The thermometer has
averaged 66, ranging from 46 to 82.
Palestine, Texas. We have had no rain during the week.
There has been one killing frost, and ice formed on one night
—
completion.
JD
Vj
01
523,432
Weather Reports by Telegraph.—The weather has
been very favorable for picking purposes during the week, the
general absence of rain allowing rapid progress to be made.
Killing frosts are reported at Palestine, Texas; Albany, Georgia, and Stateburg, South Carolina.
We have had no rain all the week.
tialveston, Texas.
The thermometer has averaged 65, the highest being 79 and
in the northern half of the State.
prf^p COXCDOD
384,555
be seen by the above that the increase In amount In slsht
to-niKbt, as compared with List year, is 90,567 bales, the decrease
as compared with 1883 is 22,626 bales and the increase over 1832 is
89,137 bales.
It will
—
CO
OOpJtOO»WwtoM*.lW
I*-
M OD t4 -^ X
m
en
^
MM
QD
M MIO
cDcOMCi^-lMCntcpw; ^^CiC-.^f-pp
^ijOMiotOM;
CO
to
93,857
59,000
20. 2,671,924 2,581,3.57 2,694,550 2,582,787
November 20
CCCl-'ir-!»»-r-r-atO©Crf*O-JJLH(f-l0
;,T
~.
126,859
59,000
98,274
50,000
Northern spinners' takings to
I
SCO
M ^ (O X -D
*~ O Ci
^
^ C w- -i M -" d
!^
November
153,156
60,000
Picking
is
approaching
The thermometer has ranged from 33
to 80,
averaging 61.
Sew Orleans, Louisiana. It has rained on one day of the
week, the rainfall reaching eighteen hundredths of an inch.
The thermometer has averaged 60.
Shreveport, Louisiana.—Telegram not received.
Columbus, Mtssi.'isip2:>i.—lt has rained lightly on one day
of the week, the rainfall reaching four hundredths of an
inch. About all the crop has now been secured. Average
thermometer 50, highest 70 and lowest 29.
Leland, Mississippi. The weather has been pleasant
during the week, with a sudden change on Wednesday to
lower temperature. The thermometer has averaged 54, the
highest being 80 and the lowest 30,
—
—
THE CHRONICLE.
590
Idttle Rock, Arkansas.— It was cloudy on two days of the
week, with rain, accompanied by hail on Wednesday. The
lainfall reached twenty hundredths of an inch. The remainder
of the week has been clear and pleasant. The thermometer
has averaged 53, ranging from 34 to 75.
Helena, Arkansas. It has rained on two days, and the
remainder of the week has been pleasant. The rainfall
reached three hundredths of an inch. About all the crop has
now been secured on highlands, and on the bottoms about
two-thirds has been picked. Receipts are one-fourth more
than last year. The thermometer has ranged from 36 to 74,
—
a-veraging 53.
—We
[Vol.
Shipments Hnee January
Shipments for the week.
Great
Britain,
Oonlinent.
XU.
Oreat
Britain.
Total.
Oalontta—
1885
1884
Oontment.
59,000
82,500
1.
Total.
18.000
42,700
77,000
125,200
vfadras
1885
1884
1,500
1,500
13,010
56,000
13,000
56,000
All Others
1885
1884
6i,ono
2,000
1,000
1,500
3,500
64,000
42,000
72,ti00
125,000
114,800
Total all—
on three
1885
3,000
2,000
133,000
82,000
215.000
1884
1,000
5,000
2U.S00
S 4,700
296,000
days of the week, the rainfall reaching eleven hundredths of
marketing are progressing finely.
an inch. Picking and
The above totals for the week show that the movement from
Average thermometer 53, highest 74 and lowest 34.
the ports other than Bombay is 1,000 bales less than same
Tennessee.— It has rained on two days of the week last year. For the whole of India, therefore, the total
Nashville,
week, the rainfall reaching one inch and six hundredths. The shipments since .lanuary 1, 1885, and for the corresponding
thermometer has averaged 48, the highest being 65 and the periods of the two previous years, are as follows:
lowest 81.
EXPORTS TO EUKOPB FROM ALL INDIA.
Mobile, Alabama. It was showery on one day in the early
part of the week, but the latter portion has been clear and
1885.
1884.
1883.
pleasant. The rainfall reached sixteen hundredths of an inch.
loallSurope
This
Since
This
Since
TKU
Sinee
Picking IS making good progress, and will be generally comfrom —
week.
week.
Jan. 1.
Jan. 1.
week.
Jan. 1.
pleted about the first of December. The thermometer has
averaged 54, ranging from 37 to 73.
Bombay
1,000 692.000
9,000 1,160,000 lO.OOoll, 247,000
Montgomery, Alabama. We have had rain on two days of Ml other ports. 5,000 215,000 6,000 296,000
191,600
the week, the ra'^nfall reaching nine hundredths of an inch.
Total
6,000 907,000 15,000 1,456,000 10,000 1,438,600
52'7.
The thermometer has averaged
This last statement affords a very interesting comparison of
Selma, Alabama. We have had no rain all the week.
Average thermometer 53, highest 66 and lowest 37.
the total movement for the three years at all India ports,
Auburn, Alabama. It has been showery on one day of the
Alexandria Receipts and Shipments.—Through arrange
week, the rainfall reaching seven hundredths of an inch. We
have had three frosts, but not killing. The thermometer has ments we have made with Messrs. Da vies, Benachi & Co., of
Liverpool and Alexandria, we now receive a weekly cable of
averaged 52 5, the highest being 70 and the lowest 34-8.
Madison, Florida. We have had no rain all the week. the movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and for the
The thermometer has averaged 55, ranging from 33 to 75.
Macon, Georgia. It has rained on one day, and the re- orresponding week of the previous two years.
mamder of the week has been pleasant.
Alexandria, Eaypt,
Columbus, Georgia. We have had considerable wind, but
1885.
1884.
1883
November 13.
little rain during the week.
Average thermometer 51, highest
Memphis, Tennessee.
have had
light rains
—
—
—
—
—
—
—
and lowest 38.
Savannah, Georgia. It has rained on two days, and the
remainder of the week has been pleasant.
The rainfall
reached twenty-five hundredths of an inch. The thermometer has averaged 58, the highest being 64 and the lowest 53.
Augusta, Georgia.—The weather has been cool and dry
during the week. About two-thirds of the crop has been
picked and about five- eighths marketed. Picking continues
uninterrupted and planters are marketing freely. The thermometer has averaged 53, ranging from 33 to 74.
Atlanta, Georgia. Telegram not received.
Albany, Oeoryia. We have had no rain all the week.
There have been two killing frosts. Picking is about finished,
and planters are marketing their crop freely. Average thermometer 51, highest 73 and lowest 31.
Charleston, South Carolina. It has rained on three days
of the week, the rainfall reaching forty-two hundredths of an
inch. The thermometer has averaged 60, the highest being
76 and the lowest 44.
Stateburg, South Carolina. It has rained lightly on one
day, the rainfall reaching twenty-nine hundredths of an inch.
There have been three light frosts during the week, and on
low grounds one killing frost. The thermometer has averaged 53 4, ranging from 38 to 69.
Wilson, North Carolina.—We have had rain on one day of
the week, the rainfall reaching twenty-six hundredths of an
inch. The thermometer has ranged from 30 to 73, averaging
65
—
—
—
—
j
Beoeipts (oantars*)—
This week....
Since Sept. 1
This
Sinee
week. Sept. 1.
Exports (bales)—
Tolilverpool
To Continent
oantar
is
98
The following statement we have
by telegraph,
also received
showing the height of the rivers at the points named at 3 o'clock
November 19, 1885, and November 20, 18S4.
New
reet.
Orleans*
Nov. 20, '84.
Inch.
Fff.t
Inch.
1
Above low-water mark.
Above low-watermark.
Above low-water mark.
Above low-water-mark.
Nashville
Bhreveport
VlckahurK
4
9
18
8
Miss ins.
4
Alx)ve low-water-mark.
Memphis
™I,fc'*"'
mark as
'85.
3
6
4
7
7
2
4
21
13
7
5
reported above low-water mark, instead of below high-water
prior to October 30, 1885.
broiA Cotton Movement from all Ports.— The
receipts
and shipments of cotton at Bombay have been as foUows
for
the week and year, bringing the figures down
to Nov. 19,
BOMBAT RBCKIPTg AMD BHIPMBNT8 FOR FOUR TEARS.
Shipments
thia week.
Tear Orent Oontinent.
Bril'n.
1»8.5
1.000
1884
2,iMiO
Total.
Shipments since Jan.
OontU
Oreat
Britain
nent.
1.
Total.
Receipts.
This
Week.
Sinee
Jan.
1.
1,000 220,000 472,000
692,000 9,000
7,000 9.1 00 507,000 6.53,000 1.160,000 6,000 1,036,000
1..
590,000
4.000 10,000|160,OUO 787.000 1,247,000 20,000
1.649,000
4.0001 6.0)1>|7><I,000!024,000
1,40.5,000 l.'S,000 1.683,000
18831 6,000
1882 2,000
.tJf^^ ^^ *** ^^f foregoing, Bombay
''o^Ra^ed with last year in
appears to
show an
ThU
This
Since
week. Sept. 1.
SiTice
week. Sept. 1.
61,000 10,000
29,000 9,0(.0
76,000
23,000
7,000
4,000
65,000
25,000
90,000 19,000
99,000 11,000
90,000
lbs.
This statement shows that the receipts for the week ending
Nov. 18 were 180,000 cantars and the shipments to ail Europe
23,000 bales.
—
Manchester Market. Our report received from Manchester
to-night states that the market is firm.
give the prices
for to-day below, and leave previous weeks' prices for comparison.
We
1885.
8H
32( Oop.
TwUC
d.
d.
Sep. 18 83l6«8»8
••
R.
d.
5
7
25 83163858
Oct. 2 3'4 a8i>ia
"
9
" 16
" 23
" 30
Nov. 6
1884.
Oott'n
lbs.
Shirtings.
3^ 8811,
8H aSUie
8%®8ni8
" 13
3'i6«8'8
20 8li«®SSe
"
Nov. 19,
180,000
1,002,000
23,000
Total Europe
• A.
200,000
1,013.000
14,000
9,000
.
—
53.
180,000
1.033.C00
8
8
8
8
8
8
B.
»7
®7
37
87
37
«7
-m
87
»7
97
Mid.
d.
5'i8
5Js
5%
SH
32* Oop.
d.
d.
d.
SliB® 9
8''ie» 9
7
53]«
8<«
bHl6
d.
lOij
Mid.
Upldt
d.
6
t^
5>ll«
S>s96 10>s
5>«36 10>9
5>a46 10>3
6isa7
5't8
8B,ea8i3,e
85ita8i3i„
S6iB*8l3ie
5%
8.
»7
7 »7
55486 lOij
85ie-» S^s
86ie^a S'e
8J4 a8i3,a
514
5».B
Oott'n
lbs.
Shirtings.
Iwisi.
Uplils
8
o9
9
«7
»?
1
511,6
2
6%
East India Crop Prospects.— Our cable from Bombay today states that accounts from the crop continue favorable.
The cable further remarks that arrivals of new cotton are thus
far limited, but the quality as a general rule
Jute Butts, Bagging, &c.
—There
is
satisfactory.
has been a fair inquiry
for bagging during the past week, and the market is steady.
There is not much call for large lots, the trade being confined
to supplying the jobbing wants of buyers, but considerable
stock is being worked off. Prices are held at 9c. for IJ^ lb,,
9J^c. for \%Vo., 103^c. for 3 lb. and He. for standari grades.
Butts are not active, and only a few inquiries are in market.
Some small parcels are reported as being taken for present needs, while to arrive the market is nominal. Prices are
unchanged, though the feeling is easy, and a slight shading
might be obtained on a large parcel. For paper grades sellers
are quoting 1 ll-16@l?^c., while 3@2%c. are the fij^ures for
bagging
qualities.
Comparative Port Receipts and Daily Crop Movement,
the week's
of the port movement by
of —
m shipments of 8,000 receiptsand as A comparison different years do not endweeks not accurate,
bales,
the weeks in
on the same day of
fh^^i,,show a dearease of 468,000 bales. the month. We have consequently added to our other standing
Th»^^^
-^^^ ^""^
I'^dia ports f o; tables a daily and monthly statement, that the reader may
Uie ^t rZtLV* °t*°"*^*
^"^"^ t'le l8t of January, for two constantly have before him the data for seeing the exact relative
a^TI
•
is
^ decrease
f"*^
since January 1
"tl^^"-
t^™ VL'^ w*^"^®®, ?'^'^
ffiontK^SL^^^d°C^conX"
^°"^" '^'^^ ^^'*'"'
movement
September
1,
for
the years named.
The moviement since
1885, and in previous years, has been as follows;
NOVKMDER
THE CHRONICLE.
31, 1886.J
591
Tolat
JfMlMy
OALVMTOH—To
Btetipit.
Bept'mb'i
Ootob«r.
J. 105
Itrc.iiion. jMir
To
343.812
32e.6.^B
429.777
458.478
1.090.38.^ 1,046.092
980,584
8S3,10.-S
WrnilNcrT'>.s
1'"
iilrn.4.<I.Vi
»«I<'
Aim
'
:.ikrlf
1
I,411,2()(< 1.433,830
Total
Pero'tSRO of tot. p«ri
3006
reoelpt« Oct. 31.
I
This statement shows that up to Oot 81 the receipts at the
ports this yeiir were 5,43(! bales more thijn in 183 1 and
The
61,863 bales more than at the same time in 18S;J.
receipts since September 1, 188.'), and for the corresponding
period of the five previoiw years have been as follows.
1881.
1882.
1883.
1884.
135,308
Total
particulars of these shipments, arranged in our
form, are as follows:
UntUnlam,
B2.230|
50,119
40,403
"
8...
49,601
"
"
4...
se.tiio
5...
27.82.'i
"
6...
"
7...
56.534
27,266
"
8...
9....
"
10....
34,86ti
34,59!'
56,307
29,523
B.
"
46.511
38.271
35,572
33,79a
51.K4B
" 11....
• 12...
" 13....
" 14....
34.93'
ii0.2l9
67,766
29,897
56,629
44,132
45,477
32,920
58,S28
" 17....
18....
" 10....
•*
44.994
41,677
8.
" 15....
" 16....
••
8.
51,482
38,643
31,601
41,333
32.43.1
SO....
41,.^74
38,901
48.836;
11,655
65.664
29,924
B.
01,341
38,558
34.183
32,773
63,578
33,268
31,603
B.
40,216
42,475
37,582
36,197
57,777
38,651
a.
57,268
30.801
31,943
31,427
57,381
28,558
8.
52,090
33.566
32,175
47,317
53,455
38,822
8.
46,365
34,304
40,380
33,590
47,069
29,130
40,193
35,842
3l,9ti0
26,138
51,779
3S.451
B.
36,748
8.
35,661)
49,362
41,557
31,535
31.094
61.119
25,335
B.
41,244
25,136
65.535
30,309
46,630
B.
49.735
31.026
8.
8.
2,165.357 2,151.941 2.084,908 2,030,523 1,921,137 2,112,859
Total
Peroentaj e of total
36-18
40-69
42-62
45-12
3373
port reo']?t« Nov. 20
This statement shows that the receipts since Sept. 1 up to
to-night are now 10,416 bales more than they were to the same
day of the month in 1884 and 80,449 bales more than they were
add to the table
to the same day of the month in 1883.
the percentages of total port receipts which had been received
to November 20 in each of the years named.
We
The FoLLOWiNa are the Gross Receipts of Cotton
at
New
York. Boston, Philadelphia and Baltimore for the past
week, and since September 1, 1885.
NBvr roRK.
RtceipU
TMa
New
Since
week.
from—
Sevt. 1.
8.025
12.434
.
This
week.
85,895
Sijice
Sept.
1.
Thit
week.
I
I
Since
Sept. 1.
BALTIHOBI.
Since
Thit
week.
.
521
B.888
364
1.84S
8,248
1.S82
Mobile
827
s.efi9
So. Carolina..
No. Carolina..
4,a08
8,890
6.133
Virginia
9.223
37,083
9.t00
68.512
2.587
15.344
2,'
North'n ports
Tennessee.&c
99
436
8,621
3.034
9.630
1,3-27
720
36.680
14,334
101
1,033
21
I
Florida
169
Forelfcn
This Tear...
Last
yenr...
4-2.ia»
43.844
430,0; 8
401.137
Shippinq News.
4,885
13.271
17
18,660
J,878
27,814
4.845
200
4,35!
32,378
6.-269
90.915
I,3h5
28,319
11.615
83,781
60.49
cotton from the United
States the past week, as per late.it mail returns, have reached
13.5,308 bales. So far as the Southern ports are concerned, these
are the same exports reported by telegraph, and published in
With regard to New York we
the Chronicle last Friday,
include the manifests of all vessels cleared up to Thursdaj
night of this week.
Total balei.
Hbw York—To
Auranla,
I-lverpool,
per steamers Ahyssinin, 265
of Richmond, V!,356....Donatl,
....Yucainn, 5.841
.^.-iOO
10,458
4,8.'>»
3,870
4,852
1,814
6,325
183
Below we add the clearances this week of veasels carrying
ootton from United States ports, bringing our data down to
the latest dates:
Oalvkstox— For Liverpool— Nov. 13— Steamer Coventry. 1,301. ...Nov.
14— Steamer Phoenix. 4.'i01.
Por Vera Crnz— Nov. 17- Steamer Harlan, 918.
Nbw Orleans— For Liverpool— Nov. 14— Steamer lAglslator, 4.659
Nov. lO-Sleainer.s Oiscoverer, 3,78(i; Siturnina, 5,050.
Nov. 14—Steamer
For Havi-e- Nov. 13-8toamcr Ixla, 5,7i>0
Corona, 8,20 i.
For Keval— Nov. 14— Steamers Petrlana, 2,298; Sir Qarnet Wolseley,
7,001.
For Barcelona -Nov. ie-8t«amor Cilstobal Cilon, 6,100.
For Genoa— Nov. 14— Steamer Orpington, 4,823.
For Ver.i Cruz-Nov. It— Steamer Kstaban do Antaoano. 940.
CUARLESTOS— For Liverpool -Nov. 13— Steamer Prior, 4,173.
For Bremen— Nov. li— Steamer Kathleen, 1,312.
Por Heval— Nov. 14— Stwaiuer Diinedin, 3,7.iO.
For Salerno— Nov. 13-Bark Smulenacs. 1.403.
For Genoa— Nov. 14— BarK Vltt^iria. ,a5iJ.
Savan.vaii — For Havre— Nov. 13-8teamcr Santiaijnena, 1.100.
For BremoQ— Nov. 11— Steamers Klpis. li.loO; Sultana. 5.710.
For Ca-sa^cs— Nov. 13-8teain -r Sanliaqoona, 1,000.
For rtantander- Nov. 16— Bark Amaranth, 1,026.
For Genoa— Nov. 13— Steamer J. M. LookwooJ. 4.80f>.
Wilmington -For Liverpool— Nov. lb— Bark Chirl'itto and Anna, 1,805.
NOKFOI.K- For Liverpool- Nov. 14— Stiiamors Wydale, 2,171; Ediiardo,
1
West Point— For Antwerp— Nov. 14-8t°amor Hartburn. 5,650.
For Ghent— Nov. 11— Bark Beatrice Havener, 1,750.
Nov. 11—
Boston- For Liverpool -Nov. 9-8teaiaer looriao, 9-4
Nov. 14— Steamer Norseman, 1,769.
Steamer Palestine. 1,641
For Halifax— Nov. 1 1 -Ste-imer Carroll, 62.
Bai.timoke— For Liverpool— Nov. 14— Steamer Barrowmore, 2,981....
Nov. 16— Steamer Heriiviau, 1,.500.
For Bremen— Nov. 18— Steamer Nurnborg,
Philadelphia— For Liverpool— Nov. 17— Steamer British Prince,
w
Below we give aU news received to date of disasters to vessels
carrying cotton from United States norts, &c.
Pori.AR Bluff, steamboat, was biirne-l on Sunday, November 15, at
The boat, which wis a total loss,
tlie mouth of the Black River.
was valued at * 1 2,000, and insured for $'J,0J0. Har cargo consisted or 475 bales ot (sottou, of which about 40J bales were
destroyed. The loss on the o jtton is
6,000.
Cotton freights the past week have been as follows:
.•?
.
8,1(18
1,927
618
843
1.270
i;,677
327
1.H8
661
Hon.
aalur.
Uverpool, steam
Do
d.
sail.-.d.
Havre, steam. ...c.
e.
Do saU
Bremen, steam.. c.
Do
sail....*.
H2
.---
....
»1S
''l*
616
»16
»l«
sw
....
....
..^
..••
>Xi
'16
Tia
'la
Tie
'l«
....
..*.
.--.
....
....
%
=%
H
...
..
45*
...
To Antwerp, per steamer Eo-<eville, 3,351
To Sehastopof. per stitamer Sporlsman. 6,100
To Barcelona, i>er b.irit liareelona, i.MW
Savannah—To Livoriionl, per strainci-.s Border ChieftHln, 4,I62
Unland
Duuliolnie, 4,-2<)5 Upl.-»nd and 367 Sea Island...
To Bremen, per KtKinicr Effective, 5,2oO Upland
To .Vntwerp. per steamer C'llnH. 4.T0f Upland
To Keval, jier steamer Wollllekl. 5.7. Upland
"To liijnelnna. per stemoe' 8lrai:ton, 4.S.>."> Upland
Chari.kstos— To Liverpool, per bark Alm>i. 900 Ui)laiul
To Barcelona, per barks Alejandro Bosch. 2,030.... Pablo
3.
i.-^l
b,IOO
2.460
!^,734
.'>.
I
'lO
70ii
.t,/,:iU
1,85.^
000
3,870
....
40«45* 40»45' 40345*
....
•
"fiS'sa i\^nH% 15«4«»32 »V4a»32
....
....
....
».-,»
'33
»33
93a
....
e.
>4
7v2«k
73!-«'4
'jjav,
-i-i»H
Trieste, steam. ..e.
932
»32
»32
»32
Antwerp, 8team..e.
'1.
11„
"64
»f4
7j„®l4
»S3
"64
Qonoa, steam
Per 100
*•>
l»fl4««'M
»3S
»S2
»S2
»e4_
lbs.
—
By cable from Liverpool, we have the follo-wtag
statement of the week's sales, stocks, &c., at that port.
add previous weeks for comparison.
Liverpool.
We
23.378
6,478
13,203
H
....
40a>45' 4091.5'
t.
Barcelona,stcam.e.
%
%
....
•**•
d. l6g4-3.932
sail
S39
....
Amst'd'm, steam.e.
Reva', steam
Fri.
53a
.--.
.—
sail.-.o.
Thurt.
6S3
.--.
8atl....e.
Do
Wtdnu
53a
.-..
HamburK, steam.c.
Do
1
Tua.
533
Oel. 30.
0.353.... Oeepclale,
e.S.'iO
Sensat, 1,840
.1,361
21135,808
Total... 63.392 7,506 27,002 16,898 6,100 11,185
inclnilcd In the above totals from New York are 1,927 bales to Hall,
8 bales to CMasgow and 6U1 bales to Genoa.
61
Do
1,142. ...City
Uepnliiii', 156
renters, 1,112.
Egypt, 1,904
To Hull, per Btcamtr Oiranto, 1.9-27
To GIhskow. |iir sieanipr Tiluacrin, 618
To Havre, per Hti^anicr St. Oerinniii, 843
Nechar. 700
To hrenii'ii, per steaiuers Eider, olO
Til Iliiruburjj. per steamers Gollerf, l,'.i73..., Moravia, 1,304.
To Kotterilara. vei- steamer P. CM.mA.dii
To Antwerp, perxteamer Wosternland. 1.448
To Genoa, i»er steamer Archimedes, titil
New Oklkan8~To Liverpool, per steamers Alicia, 6,650
Sculptor. 2.965
Merchant. 2,750
Tamualipas, 5,172
1,'233
To Havre, per steamer Cyinro, 6,478
To Bremen, per steamers Castiecrag,
I,77A
13,290
.
2.717
92.479
—The exports of
fax.
2.-I60
413
Recal.
.
Sept. 1.
;9,703
122.797
8,096
Orloana
Texas
Savannah
PHTI.ADKI.PH'A
Hitli-
lona.
6,100
burg.
3i)l7
6,478 13,203
H43
900
CharlcHron.
Oalvestim
Barer,-
413
Boston
PhUadelp'a
i
Sebai
loiml.
<«
2,184
Wilminifton
West Point
Baltimore..
8.
8.
8.168
York.
N. Orleans. 2:<.H7«
davatuiah..
8,731
46.514
37,897
33,538
30,792
38.060
Ham- werp
IMol.
17,039
54.970
29,845
4,770
17,942
1,314
»,83»
185
2,209
Sew
29.104
27,151
35,983;
32,374
43.629
37,218
31,747
8.
omul
Jirtmen Ant<*
vool. Bavrt.
1880.
Tot. 00.31 1,441,266 1,435.830 1,389,901 1,307.240 1,362.9721 1,126.708
Nov. 1....
" 2...
21
418
The
Uver1885.
185
2,184
To Yarmouth, por ntcnnmr Alphn. 21
PillLADKLHiilA—To Ltveryuol, p«r stnatner Indiana, 418.
2429
2718
2172
1
»i,3a»
\Hr,
M, l.8m....fl»iDBrl>,
3d9.904Jl.307.24U 1,283.072 1,426,706
28-66
1
Vun
Klain, 1,314.
nir.n,3^4
Aiiii.t
968,31<I
34S.44.-'
38.'i!rt42
l,0.'i'V,.'>24
13,290
4,eo»
1,314
N'
ROrMi,
1880.
1881.
18S2.
1883
1884
18!)5.
Llsn
Liverpool, per atoAiiier* Rdllor, 4,680.
bales.
^ales of the week
Of whl'-h exporters took ...
Of which speculators took.
Sales Aiuencan
Actual export
Forwarded
Total stock— Estimated
Of which American— Egtlm'd
week
Of which American ...
30.000
8.000
9.000
3»6,000
211.000
63,000
54.000
Nov.
a.
46.0(0
2.0<0
1.000
37.00X
...
Nov. 13.
63.000
2,000
a,O00
45,oro
54,001
3,00ft
3,000
4a,ooc
6,004
5,UOil
lO.OOC
i:s,ooc
3S:1.00<i
394.00<
280,00*
82,001
73.00'
16.000
ssn.ooo
274,000
74,000
5'.000
199.001
2'J'v.oOO
6.00(
265.001
20'>,000
Total Imiwirt of the
4monntnfloat
Of which American
39,000
4,000
b4.00<
73.00<
183.0O<
197.00
17^
or.
\or»
T
•
..
o
THE CHRONICLE.
592
The tone of the Liverpool market for spots and futures each
day of the week ending Nov. 20, and the daily closing prices
of spot cotton, have been as follows:
Ifednet,
TKurMtt'y
Frulay
Firm.
Fair
business
doing.
Harden'B
tendency.
Quiet.
5Si8
5'ie
53l6
5'16
Saturday Mondtiy. Tuetday
Bpot.
Good
demand.
Market,
12:30P..M.|
Fair
demand.
Mid. Upl'da
5 '18
57,.
Mld.Orl'nB.
Bales
Easy at
Steady at
1-64 de-
1-64 ad-
cline-
vance.
Quiet at.
r-64 advance.
Quiet
but
8,000
8,000
500
500
Steady at
1-61 ad-
2-04 ad-
Dull at
1-8J de-
vance.
vance.
Future*.
Market,
12:30p.m.
Market,
{
5 p. M.
cline.
Quiet
but
(
Quiet.
steady.
Open Bigh Low,
Barely
Quiet
steady.
steady.
Olon., Nov. 16.
November
d.
d.
6 05
9 05
5 05
Nov.-Deo.
6 00
Dec- Jan..
Jan.- Feb.... 5 07
..
0p<n High Low.
OIos.
A.
5 05
5 05
d.
500 5 09
505 5 05 5 05
.
5 05
5 07
.
5 05
5 07
Feb.-March 5 10 5 10 510
March-Apr. 513 513 5 13
5 17 517
5 21 521
April-May.. 517
May-June... 5 21
Jane-July.. 5 24
5l84
6 24
5
5
5
5
d.
i.
5 09
6 08
5 09
Toea., Nov. 17.
Open Sigh Low.
Clot
5 09
5 09
5
5
5
5
5
511
10
13
517
5 21
5 24
5 28
5 23
d.
d.
d.
09
00
09
509 509
511 511
11
5 14 5 14 514
14
517 517 517 517
521 5 21 5 20 5 20
584 5 24 523 5 23
05
07
was
FLOOR.
500
The opening, highest, lowest and closing prices of futures at
Idverpool for each day of the week are given below. These
prices are on the basis of Uplands, Low Middling clause, unless
otherwise stated.
tSf The pruet are given in pence and 6ilhs, thus: 5 62 mean$
5 62-64d.. atut 6 03 meant 6 3-64(i.
Sat. KoT. 14.
close
10,000
10,000
1,000
10,000
1,000
To-day part of the recent advance was lost, and the
unsettled.
DAILY CLOSING PlilOES OF NO. 2 O-ITS.
Sat,
Hon, Tiles,
Wed, Thurs.
Fri.
November delivery
Si's
3519
35
33%
35
•SoH
December delivery
34%
34%
36
35Ja
So^a
353a
36I4
January deUvery
35'4
36'9
30%
36%
36H
Rye has been quiet and nominal. Barley has been easier,
checked.
but closes with a good demand at full prices.
The following are the closing quotations:
53i6
5'ia
12,000
1,000
Easy at
Bpec.&exp.
5 27
5
5
5
5
03
07
07
09
5 08
5 07
5 07
5
6
5
5
d
08
5 08
5 07
5 07
07
07
09
509
512
515
519
509
512 512 512
515 513 515
519 519 5 19
522 5 22 5 22
626 5 26 5 26
5 27
Gtot,
d.
5 82
5 20
Fine
»bbl. $2
Superfine
3
Spring wbeat extras. 3
Minn, clear and stra't. 4
Winter sbipp'g extras. 3
WinterXX & XXX..
Ttanr*.,
Nov. 19.
FrI.,
d.
d.
5 07
Nov.-Dec... 6 06
Dec.- Jan ... 5 06
5 07
6 07
soa 5 07
6 07 506 6 07
508 508 5 08 5 08
Jan.-Feb
Feb.-March. 5 11 512 511 6 12
Msrch-Apr. 514 615 514 5 15
April-May.. 518 518 5 18 518
May -June...
5 21
June-July.. 6 26
Open High Low.
d.
5 07
5 07
d.
November ..
Clot
5 21
6 25
5 21
5 25
d.
d.
Gto9.
d.
d.
d.
610 510 5 08 5 08
5 09
5 09
5 10
6 CO
5 07
5 07
5 08
513
5 13
611
515
518
6 21
511
5 16 516 515
5 20 5 20 518
5 23 6 23 621
5 25
5 26
5 26
5 25
d.
10
09
09
510
5
5
5
5
Clot
509
512
5 16 516 513
519 5 19 618
5 13
5 21
3 25
5 23
9 2S
13
at—
Reeetptf
521
5 23
.
Louis
...
...
5 21
5 2S
-a
.
The wheat market has been
variable
and
Tot.wk.
'86
Same wk.
Same wk.
'84
246.841
284,818
A
unsettled.
rise,
wholly suspended, and the vissible supply continued excesThe advance could not, therefore, be fully
maintained, End feverish fluctuations followed. To-day the
1,646,165
986.505
1,149.068
Sat.
Mon.
November delivery
December delivery
January delivery
Fefarimry delivery
May delivery
Tuea.
gaio
...
gsoa
100%
102%
97"
97i>8
Wed.
Thur:
97^
99^
ai"
99
100%
lOlSg
102i^
107i|
lOl^
106^
loosi
98
105'4
102
99
i07"8 106%
107i8
io6
Indian corn has shown an upward tendency.
The speculation has sympathized with the wheat
market. The regular
trade has continued moderately active.
Supplies are still
comparatively small at all points, and the receipts
of the new
crop grade low, embracing but a limited
proportion
of prime
The improvement has been most decided, however
The evidently large quantity grown
has made buyers cautious regarding the
more distant options
To-day prices declined slightly, but on the
spot there was at
qualities.
for the early months.
the reduction a brisk business for export.
DAILT OLO8INO PEIOBS OF NO. S! MIXED
2,848.521
1,875,386
1,360,917
89,377.375
3,411.905
34.301,662
27.752.93-.?
24,238.346
23,281.313
23.417.051
18S4
0,413.908
7,510.818
036
show
January deUvery
f.....:
flu
lli
5o2
&?M&::::::J^
U>s
%i£.
50^
«4
II
ila^
^S
a|
ii^
I884r5.
t^,
tt?*
'£5
Sf J
tf ^
^
^*^
Si's
39,858
105,894
96,Qo6
195,329
1,584.645
3,839,098
4,116,070
and grain from the same
bbls.
9,739,880
Wheat
bush.
45.831.894
85,010,452
48,459,186
5,661.199
1,949,028
60,781,637
74,862.670
48,398,136
4.883,660
5.758,165
186,914,759
194,681,268
Corn
O.1I8
Barley
Kye
Total grain
9,500
14, 1885, inclusive, for
Flonr
....
Below are the
four
rail
1882-3.
8,383,952
1881-2
7,lh7,742
43,571,9.9
50,785,183
60.853,425
33,169,952
4.479,909
2,966,074
93,56!i.3'34
45,614,955
8,2.^2,514
5,517,317
201,596.019
152,254,513
shipments from Westeru lake and river
ports for four years:
1885.
1883.
1884.
1882.
Week
Week
-Von, 14.
Nov.l'j.
Xov. 18.
125,377
210,931
Nov. n.
179.3J1
199,9.52
433,392
643,486
306,987
62,640
393,442
696,538
588,037
131,309
100,926
344,065
571,487
1,034,923
356,451
61,260
60tJ,900
1.646,457
1,910,252
2,371,186
Weeli
Flour
bbl«.
Wbeat.. — ...
bash.
Corn..., .....
Oats....
Barley
Eye...
Total
The
rail
and lake shipments from same ports for
Week
223,983
418,459
736,637
234,450
110,178
2,106,624
last
four
weeks were:
Week
Flour,
Wheat,
Corn,
Oats,
bush.
bush.
Rye,
Barley,
bush.
bush.
347.987
383,662
390,730
310,105
62,640
72.366
94,359
76,272
etiding—
bbls.
bush.
Nov.14, '85 237,304 1,001,726
Nov. 7,'85 242,226
800,967
Oct. 31 ,'85 301,932 1,399,656
Oot.24, '85 214,007
829,690
1,10J,034 750,065
1,360,038 821,335
1,460.189
900,370
1,791.529 1,119,720
Tot., 4w. 998,469 4,032,039
4w'ks'84.1,319,g03 6,832,391
5,711,840 3,591,490 1.462.484
6,051,058 4,659,210 866,729
303,637
616.135
The exports from the several seaboard ports for the week
ending Nov. 14, 1885, are shown in the annexed statement:
Exports
WJieat.
Oom.
Bush.
156,529
16,121
31,413
Bush.
335,031
68,395
42,318
from—
Baltlm're
N. Orl'ns.
''*'<
|
Total w'k.
16,000
84,528
85,510
Eichm'd
N. News.
Oate show a material advance, and
have been very active
lor the speculative account, though
regular trade is without
Bpint, and the export
demand in particular is materiaUy
19S
flour
1883-4.
10,366,877
Boston. .
Montreal.
'.l^
415
as follows:
Phlladel..
S'ovlr^r^deiivery::::::::
December deUvery....
40.46'*.
7.489,328
U>t
47,361
8.7«a
919.98'
30.329.022
258.319J
New York
CORN.
848,517
923.523
2,716,142
'
„_
^^
qyi.'
98'i
lYi
„„
^^
.
Bye.
BushSa
541.716
765,337
sively large.
market was generally depressed and the close to some extent
unsettled, without stimulating business on the
spot.
DAILT CLOSraO PKICBS OF NO. Z BED WINTKB WHEAT.
62
65
..
Barley,
Oata,
8.155,297
'8S
Since Julu 25
1885..
years,
was
la elevator
Corn.
ports^from Dec. 33, 1884, to Nov.
growing out of t!ie war in Southat times very active, and on Tuesday a
sharp advance in prices took place. But the higher prices
brought out free sellers, the movement for export remained
speculation for the
eastern Europe,
State and Canada.
Oats— .Mixed
;
3.2l0..')25l as.4'<9
Fridat. p. M., November 20, 1885.
In the flour market there is nothing new to report. There
has been a fair trade at about steady prices.
30
10a 2 20
2
I
The comparative shipments of
BREAD STUFFS.
3 25
3 251» 3
^
flour,
lOJ lbs
I
97
XVhmt.
Flour,
.
.
Duluth
518
Brandywlnn. *n
B6i«.196U)a Bush.aOlbs .Bush.Stt U,s .Bus/1.32 ms BtlshAHlbs
110.500
453,054
451..585
480,981
351,463
96.708
138.513
12,980
42.9J0
308,782
5,927
189.128
41,834
8.50O
77.088
4.428
180,584
24,591
29.959
31,936
3,987
10.500
6.500
13.000
35,838
22.915
171.458
293.820
89,977
104,708
2,400
4,900
95,215
185,230
16,200
618,000
Detroit
Cleveland.
Peoria.
6 15
^109
Ac
Western,
Buckwheat
We
St.
509
512
10
80
» 64
9 68
33ia» 36Jfl
97 a 99'2
White
teed winter. No. 2
37 » 43
80 9105
aed winter
No. 2 mixed
35^41 36
38i3» 3914
85 •» 9i
No. 2 white
White
38 » .iSia Barley-No. 1 Canada. 92 ® 95
C)rn— West, mlxad
54is« 55
West. mix. No. 2.
7tt
No. 2 Canada
® 81
52 a 56
State, two-rowed
West, white
65 » 70
52 ® 56
West, yellow
State, six-rowed
70 ft 80
White Southern-.
57 a 62
Western
65 o 80
Yellow Southern.
52 » 56 'Buckwheat
53 ® 55
The movement of breadstuffs to market is indicated in th e
statements below, prepared by us from the figures of the New
York Produce Exchange.
first give the receipts at Western
lake and river ports, arranged so as to present the comparative movement for the week ending Nov. 11 and since July 35
for each of the last three years:
d.
5 08
Rye Hour
Oom meal-
25
Kye— Western
8pringNo.2
5 09
5 09
5 08
5 08
$1 75» 5 50
3 209 3 15
lamlly brands
65
65
®1 02
85
95
dprlng,Der bush.
608
d.
610 5
6 09
5 09
5 07
5 07
5 08
609
510
Open High Low.
40 Soatbem bakers' and
ORAin.
Toledo
Open High Low.
3
3
3
5
3
Wheat -
Milwaukee
Nov. 20.
60»
25®
25a
10*
50»
ll.=>a 5 10
Patents
4.50a 5 75
City snippiu/jex
3 75* 5 00
Soath'ncom. extras.. A 10 a 4 65
Chicago...
Wednes., Nov. IS.
[Vol. XLI.
220,063
615,812
1,298,710
321,268
Flour.
Bbls.
58,428
30,018
10.450
1,836
23,052
192
10,146
134,122
Oals.
Bush.
163,565
375
15,238
Bye.
Peat.
Bush.
Bush.
2,900'
178;i53
......
181,053
179,173
8'me time
1884.
The
..
161,229
39,776
92,066
160,049
We
add the
destination of these exports is as below.
corresponding period of last year for comparison:
NovEMBEB
THE (^HEONICLE.
ai, 1885.]
rUmr.
Com.
Whtat.
mouth demand, and
Export*
1?S5.
tor uttk
WctK;
Xuv. H.
IRR*.
Week.
Ifoc. 15
30,118
15,668
10.590
W.
IlUliOH
Brit, col's
Otli.o'n'ls
Bu<A.
110,329
91i),0l7
113
9,432
1,996
1,437
220,063 1,298,710
615. S12
321,208
102.597
«,32d
15,768
18,369
17,1»»
3,131
e.AC.Aiii
Bitth.
•1,000
71.1S2
1885.
Week,
Koe. H.
BbU.
Dn.Klng
1884.
Week.
Ooiitlu'iit
134,122
Ifoe. 15.
Bunk.
2.53,924
50.70fi
5,213
9,688
433
Total...
1884.
Week,
33!l.24fi
U>1,'J29
300
we
By addinfi;
this week's movement to our previous totals
folio wing statement of exports this season and last
have the
season:
1888.
Bxpartt to-
1884.
I88S.
24 to Awi. 23 to
Auff.
Nn'.
Sov.
14,
BM».
18.
BbU.
ylUfl.
Obm.
1884.
188S.
24 to .4uo.29to
A'oli. 14.
Kov.
18.
AUQ.H
Nov.
1884.
AVQ.iSUi
to
Nov.
14.
BatK
15.
BluK
Bath.
i.%Vi.hW
8.031,481
7,587.1'Pfl
2,380.043
Bush.
On. Klogdoin
Gonttnant
8. AC. Am...
«:3,75f)
1,237,383
2e..'»6
l,02B,ld»
8.808,791
1,925,415
445,741
2.20«
29.£M
West
Indies.
SIS.OSW
1SI1.133
Oth. oountr'j
7,S96
8,76il
16,820
lis
13,437
878,018
89.8S3
32,130
220,879
91,921
Brit. Col'nles
140,320
1&>,985
20S,74H
19S,S74
1.614.0aS
I.Ol^.OSl
8,892.822
1H,883.078
.
Total.
.
1M,S93
...
4,10?
16
24.5(18
18.4«0
C,174
10,021,1-72
3,181.824
supply of grain, compriaing the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, and in transit by rail and water, Nov, 14, 1885 :
visible
Wheal,
/n tiore xl—
btisk.
New YorK
Do
9,835.457
afloat..
6!)0,426
Albany
2,500
4,431,929
13,3S3i2i6
47,000
68,127
2,994,470
Buffalo
Chicago
Do
afloat
Eiclimoinl,
Va
Milwaukee
Com,
Date,
bufk.
btish.
Barley,
bush.
283,252 1,639,515
207,500
24,800
16,2.50
103,752
8,536
107,422
91,783
continued steady,
prioea
Cottonadas
some quarters, and leading make* are
firm, with an upward tendency. Print cloth* have been ia
very active demand and the sales very heavy. The aggregate
at Fall River for the week will probably reach 600,000 pieces.
Shirting prints were in fair demand, but other calicoes—especially standard fancier— ruled quiet. Spring ginghams and
crinkled Hoersuckers were more sought after, and good orders
—for future delivery were placed by package buyers on the
spot and with salesmen on the road. Cotton hosiery and knit
underwear were decidedly more active, and there was a wellsustained demand for plain and fancy white goods and curfairly active in
—
Rye.
bits/'
99,157 112,488
95,000
35,3 70
5,000
198,314
19,752
164,030 238,661
3,352
990
11.639
Dulutli
40,318
8,026
127,125
219,732
0.286
67,2^8
187,268
77,522
298,729
4'14.2(I9
55
130,551
2,658
7,070
25.958
13,063
228,990
178,410
31,825
33,638
2,930
2,00:<,908
2,397,089
1,733,473
2i3,543
2,701,708
156,835
215,282
191,270
Detroit
Osweco
Louis
Cinciuuati
8t.
Boston
Toronto
Montreal
l,058,«4i
3,584
Phlladtlplu.i
Peoria.
ludiauupo'.i.i
Kansas (ity
BalLlm>irt<
.
.
.
208.697
881,010
1.421,960
vn Mmls-ilpv;.
Mil
197 457
:oj .01
1,121,000
lake
Ouoanal
Tjt. N.JV. 14. 45. 47,067,012
T..t. Nov.
7. io. 4 i,797.693
Tot. Nov.. 1 jM4. 3 i,576,635
Tjl. N,iv. 17. <;!. al,40.>.217
Tot. Nov. 15.82. 20.216,611
Domestic Woolbn Goods.— There was an increased movement in light-weight clothing woolens on account of previous
transactions, but new business was only moderate.
Heavy
clothing woolens were taken in small parcels for the renewal
of assortmentp, and prices remain firm on such goods as
govern the market, stocks being in remarkably good shape
as a rule. Cloakings were in irregular demand, and a fairly
good trade was done in Jersey cloths and stockinettes, some
makes of the latter having been entirely closed out by the
were in fair request, both light and
having met with considerable attention from
the clothing trade. Kentucky jeans and doeskins continued
sluggish, but desirable makes are steady in price, and stocks
mill agents.
heavy
Satinets
qualities
are well in hand as a rule.
Ladies' cloths and tricots were
distributed in small parcels to a very fair amount, and there
was a moderate business in all-wool dress goods, in which
both seasonable makes and spring styles participated. Flan-
and carpets were severally in moderate request
Wool hosiery, knit underwear and fancy
knit woolens were less active, but quotations are steady and
unchanged.
FoREiG.v Dry Goods have relapsed into the quiet condition
usually witnessed " between seasons," both jobbers and retailers having shown more desire to reduce than increase their
stocks on hand.
Some fair orders for spring dress goods,
worsted coatings, &c., were placed (for future delivery) with
importers, and there was more inquiry for certain specialties
required for the coming holiday trade. Velvets and velveteen g
were freely offered through the auction rooms, and some fairsized lots were disposed of in this manner, but at low and
unremunerative prices.
Importations of Dry Gooas.
The importations of dry goods at this port for the week
ending Nov. 19, 1885, andsince January 1, and the same facts
nels, blankets
11,440
Toledo
Do
Oa
On
were
tain materials.
WKkU.
flow.
The
593
87,4.50
98,073
828,983
fi50,<;oo
10,427
13,021
86,000
3,012
833,203
116,563
75,467
24.26S
204,906
24,897
1,319
8,411
8,627
706
ll,0j9
12,905
56 107
634
41,977
1.410
6,049
4.S10
18,29j
5 3,397
66,000
99t),00a
185,182
65,000
335,000
4,1 10,670 3,533,487 2,581,314
4 436,926 3,756.571 2,211,443
7,517
25,066
605,698
593,751
4.325,118 3,477,714 2.480.710 780,0(!8
9,19i.C26 3.47:1,359 2,7>2,165 2,377,229
4,396,883 3,809,909 3,070,439 1,221,470
and firm in
for the corresponding periods are as follows:
h^fl
THE DRY GOODS TRADE.
Friday. F. M..
November
price.
20, 18S5.
S
kt9
£.
f
2;
p
Although the demand for dry goods was spasmodic and
irregular tiio past week, the volume of business was fairly eat.
:
:
i
b;
2.
g
p
5:
iafactory for the time of year. Operations In certain descriptions of spring and summer goods were continued on a liberal scale,
nection
and large aggregate orders were placed in
— for future delivery —but purchases of
this con-
goods required
for immediate distribution were almost wholly of a haud-to-
mouth
too
was
(DO
is usually the case at this stage of the
Basiness ruled quiet with the cotton goods commission houses, but some large sales were made to exporters and
converters.
Domestic woolens were more active in movethere was a strictly moderate inquiry
department of the business was the death of Mr. Horace B.
Claflin, founder of the great dry goods jobbing house of II. B.
Claflin & Co. The death of this eminent merchant and good
man was deeply deplored throughout the trade, and business
was generally suspended at noon on the day of his funeral (by
the wholesale houses) as a tribute to his memory.
Domestic Cotton Goods.— The exports of domestics for
the week ending Nov, 16 were 3,148 packages, and the principal shipments were made to Great Britain, Brazil, United
States of Colombia, Venezuela and the Argentine Republic,
There was a good export demand for brown cottons, and some
good-sized round lots were taken by converters; but jobbers
continued to take hold sparingly.
Bleached goods ruled
quiet and steady, and there was a light business in wide sheetings, cotton flannels and corset jeans. For colored cottons,
as denim?, tickings, oheviot», &c., there was a light hand-to-
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ment than demand, and
for imported fabrics at first hands. The jobbing trade was
seasonably quiet, but probably up to the average of former
years at a like period, and the most notable event in this
otorot:
taco
CO 30
ro 10
character, as
season,
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\
THE CHRONICLE.
594
^itiauctal ^omp^nits.
^nctixan M>tdts.
JBoncLs of* Suretyship.
KO OTHER BUSINESS.
The Guarantee
Co.
OF NORTH AMERICA.
CMh
Capital
deposit with Insarance Department
President:
NEW
NO. Ill
At Auction.
ADRIAN
BROADWAY.
n. IHULLER &.
NEW YORK,
E dw. F Wlnslow.
Krastua
216
Commercial
&
Caoilal. t2.V),ono. invested in C. 8. Gov't Bonds.
1200,000 dcpoititcd with the N. Y. Isn. Dep't, for
tilt' i)rotecti<in of Polios-holders.
Assets, January 1st, Iftbo. ^iiJ,U:«J 11.
r)f Ban&s, Kailruads and Express CompaBteB, Manaiters.Secretaiies.and Clerlis of Public Companies, iTistilntionsand Commercial tlrnis, can obtain
Officials
BONDS OF SURETYSHIP
this Company at moderate charges.
The bonds of this Company are accepted by
oom-ts of the various States.
CASDALTV DEPARTMENT.
Policies issued against accidents causing death or
totally disabling injuries.
Full information as to details, rates, &c., can be
obtained at head office, or of Company's Agents.
Wm. M. HiCHARis. Prest. John M. Crane, Seo'r.
KOB'T J. UILLA8. Ass't Secretary.
Seo: T. Hone
David Dows,
W. G. Low,
O. O. Williams, A. 8. Barnes,
Charles Dennis,
J.S.T. Stranahan,H. A. Hurlbut,
Alei. Mitchell,
A. B. Hull,
J. D. Vermilye,
8. B. Chittenden.
Geo. 8. Coe.
Wm. M. Richards.
AMERICAN
FINANCE COMP'Y,
BROADWAY, NEIV YORK.
JOHN C. SHORT
A. WHITE
JAMBS 8. NEGLEY
HEO.B. TALBOT
WM.P. WATSON
COTTON S AILDUCK
President
COTTON
CANVAS, FBLTINO DUCK, CAE
COVERING, BAGGING, RAVENS DUCK, SAIL
TWINES, Ac., "ONTARIO" SEAMLESS
A full topply, all Widths and Colon, alwaya
No. 109 Duaue Street.
No.
N. Y.
ti^1'?.?"?n """ ""?«"<" *a«"<'le» 'or making eoileo
CaSlda. and 'KS^f^?" 'T E'" ',"."" ""'ted stateJ^
Bnrope.
Liberal terms extended to
V?P
"'""""'a
accounts of banlcers and merchant*.
,£".?!'!-?.'•"'.«' KNTS.-New York, National
Shoe «
I-eathfiT Hi.nt{
IHtsccUauc ous.
119
nAIDEN
NEW
I.ANE,
BAGGING ANO IRON TIES
(KOR Baling
cotton.)
6'23
'
TIKS.
BAGGING.
WARREN, JONES A GRATZ,
ST.
mow
Fabius M. Clarke,
ATTORNEY AT I.AW,
Bagging
IHPORTEBS OF
TOPEKA, KANSAS.
Commercial and corporation law and munlolnal
bonds, specialties.
RJtFKKitNCKS: Uon. D. J. Brewer, U. S. Circuit
Judge: Corbin Banking Co., New Vork; Eastern
Banking Co and Gen. F. A. Osborn, Boston, and the
Bank of Topeka. Topeka. Kansaa.
E.
T.
C. P.
(ORGANIZED IN 1850.)
263 Broadway, New York.
H. BROSNAN, President.
&
Fkalkigh,
Seo'y. A.
Wheilwhight, Ass't 8eo.
All the proats belong to the policy-holders
exclusively.
All Policies henceforth Issued are Incontestable
m.o«>uio
tor any cause after three years.
Death Claims paid at once as soon as satisfaotorr
proofs "re received at the Home OiHoe.
Absolute security, combined with the largest liber.
allty, assures the popularity and success
of this Co.
All form of 'fontine Policies issued.
AGKNTS, desiring to represent the Com.
any, are Invited to address J. 8. QAFFNHT.
§ nperlntendent of Agencies,
at
Comparison of
Home
Office.
Bitsikbss.
Paym'ts to Policy-holders
for Death Claims, Endowments, Annuities, Surrenders and Dividends
Insurance Written.
$475,9iJ3 98
»tl38,149 IS
1881
1882. 1883 4 1884,
.«S,6(M,21 1 00 Jlt.l 1 1,488 00
Deo. »i.'82. Dec. 31, '84.
A
,
. .
,
Inaurance . ,
In force
tl7,l«7,105 00 tl»,7»«,sA4 00
Interestdue and unpaid on Total Assets, Decern-
THE NEW YORK
Moist Letter CopyiDg Book.
A. Angier,
(Patented November 20th, 1878.)
Attorney and Counselor at Eaw, UNIFORM GOPIICS. SAVES
TIME.
ATI.ANTA, GEORGIA.
NO AVATEH, NO BRUSH.
PRACTICES IN ALL TUB COURTS,
OorporalUm and Omnmereial Lent a Speeintty,
Refers to Judges Stephen
Woods U.S.
J. Field and Wm.
Suoreiriet-o.ul. Wasliinutnn, n C.
ONEY
France.
"iver footof Morton St
*T?„'^i!i~i"*r',,'
travelers b» this line avoid both transit by
Kngiish
'^""^'^""^'> «' Of"88lng the Channel
Tn »"nfHM"boHt!'
'*"'^''
8T"Wli^.'J,'vJ,.''"r?"¥'"""V—We'*'Nov. 25. 7 A.M.
I- AiNADA, lie
Av A i.y.V^T-- '*" J"U8selln..Wed., Dec. 2. 2 p. M
'
Kersiib ec
Wed. Dec »
'• "'Hauterlve:: Wed. Dec lb
.vloi^'
Hnri^.'^'i!
I'AHSAGK (including wlne):-l'o liavrBi.-.\l.'!"^''u!"^
"««"«' """In. »*1; «elri2^'.«'"i"'!"J?'"«^f***''
uf^nnS;. "'?"""' "'i'"' bedding and utensi s KeT~„iLHfi?.*'^*W™''"'''"'™te»- Checks on Uanque
Transatlantlque, Havre and Paris. in amounts
to suit
Sperial Train from
Havre
"""«•
provided p„,(,ngOT8
the Company's dock In
New ^ ork. Pier 42 North lilvor, foot of Morton St
at least two hour, b,.f„ie ,he depHrture of
a
;"' '"
>
\>'"^*""'"h*'
tiie same delivered
AI.WAYS READY.
FARGO, Sole Manufacturer,
106
LLBERTY
ST.,
NEW YOKK.
In the use of " This Book," the groat annoyance of
water, bruslies, cloths, &c., is done away with-the
book Is ready at all times to copy imy numbfr of letters at once. Parties using same pronounce It the
very thing they want; the copies are clear, distinct
and unitoim.
Prices Reduced.
Send for Price
ESTABLISHED
1.1st.
1866.
Eugreiie R. Cole,
STATIONER AND PRINTER.
Supplies Banks, Bankers, Stock Brokers and Corporations with complete outfits of Account Books and
Stationery.
New concerns organizing will bare their orders
ZW
promptly executed.
No. 1
WILLIAM STREET,
(H.\NOVKB SQUARE.)
to Paris.
Transatlantlgue
Jr.^1
have
E. L.
B
at
s7^eV
TIES.
INDISPUTABLE ASSURANCES
AND MAKES
PROMPT PAYMENT OF CLAIMS.
„
New
tiJ™.
for the sale of Jute
81,072,486
ISSUES
GOOD
delivers
at'^T»''offl^'i?^Kf„"5"''r'"''
^'"'^ special train tickets
Havre to"f."'. ^*^
Pans. Baggage cliecked through to frotn
Pan,
LOUIS, Mo.
COTTON
WALNUT STREET,
7AM
::fir^v?Br'i'"""cit^.^^^^^^^^^
Ji«af«*„en|. Agenw
Traile.
Corporation, Traa.sportaLion and Commercial Law.)
REPKREVCKSj-The Trust Companies. The National
Banks and Railroad Conipnnien in Hiilndeiphia, and
the Judges of any of the Courts.
*'*,•
-3sSe";-iiii.;.v:i*i"«'*K,v;?i}|fi?.;'"«°««»"^"''-"
I
fto.
GENERAL TRANSATLANTIC CO.
Between NEW YORK and HAVRE.
YORK.
'MHOHTKHH OK dnv
dc, for Export
Direct Line to
Wheeler,
$58,161,925
10,483,617
15,003,480
years
last 25
261, 262
W. Porter,
and Counsellor at Eaw
Untnn Bsnlr of l.ondnn-
&
In itoot
I>bUadelpIiia, Pa.
^'''^"vi-.isrAirc.^^Si.ii'i.TcUssr-^-'^'-
Bullard
CO.
William
FINANCIAL AGENCY for railroad companies and
-
in 1884
Gko. H. Bukfokd, Actuary.
United States
Bonds and good Municipal and Railroad Bonds.
Bank of Buffalo,
OAPITAI.,
...... 9300,000
1885
Fabyan &
Drills. Sheetinat,
CALL AND TIME LOANS made on
Circulars on application.
1,
Paid to Policyholders during
Towela, (tnlltH, Wbite Goods dc Hoalerj
lugs Banks, Insurance Companies, Executors and
Trustees of Estates, and Individual investors.
BAILROAD LOANS negotiated.
Income
SHIRTINGS
.
other corporations. Will also conduct the reorganllatlon of railroad companies and other
corporations
whose bonds are in default or whose property is In
the hands of Hocelvers or Trustees.
January
Assets,
Co., The United States Life
Insurance Co.
New Tork, Boston, Philadelphia,
SBLLING AGENTS FOR LEADING BRANDS
IN THE CITY OF NEW YORK,
BROWN &. BLEACHED
Bliss,
SOUND INVESTMENT BONDS furnished to Sai- Attorney
BUFFALO,
BVNTINO
and Treas.
pal Bonds, Railroad Bonds, bought and sold.
DEFAULTED BONDS of States, Municipalities
»nd Railroad Companies negotiated or collected.
BROADWAY, NEW YORK.
THE SOCOSTY
Also, Agenta
Authorized Capital Stock, $1,000,000.
Paid In - . - .^^ .
500,000.
State Bonds, Munici-
ASSURANCE SOCIETY,
BAGS, "AWNING STRIPES,
2d Vice-President
Sd Vice-President
UNITED STATES BONDS,
14, 1842.
$103,876,178 51
Surplus at 4 per cent
kinds of
(UNITED STATES
-
-
EQUITABLE
120
AND SHEETINGS,
1st Vice-President
Sec'y
Assets,
L,IFE
PRINTS, DENIMS, TICKS, DUCKS,
„
FRANCIS
<£^nvAs.
Manofacturers and Dealers In
DIRECTORS:
96
ORGANIZED APRIL
Co.,
And all
t'le
TORK.
President.
ISSUES EVERT DESCRIPTION OF
Brinckerhoff, Turner
CO.,
BROADWAY, NEW YORK.
OF
Rates Lower than other Companies,
fBQCITABLK BDILDINO.)
WIman.
CO.
McCURDY,
R. A.
TOMPKINS.
Cash
trom
INSURANCE
SON, LIFEd ENDOWMENT POLICIES
PINE BTREEi',
No. 12
FIDELITY & CASUALTY
«
of all classes of
MUTUAL LIFE
NEW
WEDNESDAYS AND SATURDAYS.
Nbw
Nob. 214
EEGULAE AUCTION
THE
STOCKS AND BONDS,
ON
Secretary.
York Directors— Joseph W. Drexel. A. L.
Hopkins. H, Victor Newcomb, John Paton. Daniel
Torrance.
%nsnvnnct.
BONDS
and
The Undersigned hold
Vice-President:
Hon. Ja8. fkiiuieb.
Edward Rawlikgb.
TOHK OFFICE:
Sib Aiisx. T. Oait.
Managing Director:
D. J.
STOCKS
SALES
»SOO,OOC
400,000
214.000
CuhAssets
[Vou XLl.
LODIS DE BEBIAN, Agent,
No. 6 RowliuK Green.
JOSEPH CI LLOTTS
STEEL PENS
SoioBvALLDEALERSThrooohoutThcWORLD
.COLD MEDAL PARIS EXP0SITION-I87B.
@FedFRASER