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HUNT'S MERCHANTS' MAGAZINE,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATEa
(Entcrod Moordlng to not o( Congress, In tho year 1834, hj Wm. B.

VOL.

NEW

39.

I'onndcd 170i>.

Livz

Ibeoreoratoil imlcr

of

CtUe

Vew

of

YatTt,

1853.

BONOS, POSTAGE & REVENUE STAMPS,
LEGAL TENDER AND NATIONAL BANK
JIOTE6, of t.lo UMITEO STATESj and for

OKALKUS

182 Broadway, Cor. John Street.

Members N. Y. and Philadelphia Stook Exchanges

HONIIH FOIl
GOVERNMKNTS AND
COUrilKATIOX.S, UKAJT.S, CHECK.S,
BILLS OF KXCHANGK, .STAMPS, *c.,
in the fiiieHt and most artistic gtylo
I'ROW STKET, ri.ATKS,
Bjedsl -[szon Dinofiictared cioluslrely
Toapaaj.

for

l'*ircpr<tof ISuilclinga.

UTHOGRAPHIC ANS TYPE

pniNTIiia.

KAILWAT TK'KKTS OF IMPROVrn STYLES.
t»how Cardn, Label*, Caioudurft.

BLAUK B00K3 OP EVEBY

H. Taylor

L.

THEO. H. FREELAND, Sec(y.

Asa. p. Pottib, Prest.

J. VV.

WOBK, Caataler.

Maverick National Bank,
BOSTON.
CAPITAL,
SURPLUS,

9400,000
400,000

Aoooonta of Banks and Bankers solicited.
Collections made upon favurabte ternu.
Qoremment Bonds boojzht and sold.

TaOMAB

A. VT8B.

Member

Vyse

W.

E. D.

VTSK,

N. V. Stuck Exchange.

Sts.,

0«poslta received subject to check at sight, and
Interest allowed nn daily balances.
Stoeka, BondH, Ac, boaght and sold on oommlaslOn tn
Philadelphia and other dtlea
Particular attention fdven to Information regarding
Private wlreto

New

Vork. Ritltlmoreand other plaoes

&

Simons

Chew,

STOCK BROKEUS,
2

KxehangeCoart^ 52 BroHdVFay^N.T

Stocks, Bonds and U. S. GoTernment Seourttlea
8uu*{bt and Sold on Commission.
JAS. D. Simons,
BiriaLr Chkw.

Member N.
Member N.

R.

Y. Stock Exchange.
Y. Pruduoe Kzchange.

J.

York.

Street, Ne%v

Serenteen Tears* Membership In the
Stock Exchange.

alfhed

BOBERT J. Kimball.

WAL8IUN U. BUOWV.

B.

New York

dc

BANKERS,
NO. 20

&

TINKER

A.

WESTON,

3

Hnmr

EXCHANGE COURT,
New York.

C. TiwsitR, Member N.
BiNsasLAiR WiaToN,

NASSAU STREET,
NEW YORK.

Members New York and
also

New York

cnicaico Htock Kxchanges.
Mining stock Kxchange,

Rolston

Bass,

8c

BANKERS,

SO

BROAD STREET, NETF ¥ORK.

Stocks. Bonds and M Iscellaneotu Secnntlas.
Correapundence tioUcited.
quotations cheerfnllr fumlsbed.

NEW YORK, EO BROADWAYS 5 NEW ST,
Opposite Stock Ezchanxe.

15 HALL BUILDINO
Private Wire to Troy.
6e«urlUe« curled on oiarKla. Uitareat paid oo halinort

N. v., 14

&

F.

Mahoney

T. Stoek Bzob.

STOCK BROKER.

TROV,

J.

No. 16

Lansdale Boardman,

Taintor

.

^Holt,

8c

BANKERS,
No. 10

W^ALL STBEET, NEW YORK.
a GENERAL BANKING business.
received and INTEREST allowed oa

TRANSACT
DEPOSITS
'balances.

Buy and sell GOVERNMENT, MUNICIPAL
RAILROAD Bonds.

and

GEO. U. HOLT.

TAINTOU.
G. D.

VHUILIKB.

W.

M. Earl,
MEMBER NEW YORK STOCK EXCHANQB,
BANKER AND BROKER,
K

TO

51)

DREXEL BUILDING,

Nefv York.
STOCKS AND BONDS BOUGHT AND BOLD
STRICTLY ON COMMISSION.

Fred. H. Smith,
BROAD ST., NEW YORK.
STOCKS, BONDS AND PETROLEUM
No. 30

BANKERS AND BROKERS,

No.

panics.

Bought, Sold, and Carried on Margins.
all railroads for past twsnty
years. Parties desiring to buy or sell iuiqiiot«(l •#
curitles will do well to communicate.
F. H. Smith, { Members N. Y. Mining, Stock A N*-

Intimate knowlo<It;e of

BASKEKS AND BROKERS.
Interest paid on Balances. Securities carried on
Marifin. (>overniitcnt llonds and other Investment
Securities t>ouKl)t and sold on commisson. Special
attention to orders by mail or teletfrapti.

SEOUKITIES

Buy and sell on commission all daasee of Stooka
and Bonds, for ca^ti 04- on margin.
Agents for Banics, Bankera and Railroad Oom-

LorrNSBBRT.

FKED. A. BRO¥nI.

IlEKBltUT P. BBOWA-.

5fi Broad wiiy A 7 Exolianire Court. N. Y.
Branch Office at the Everett House, Union Erquare
and 17th Street.

81

Members S.Y. Stock Exchange.
IN
FIRST-CLASS INVESTSTKNT

DEALERS

Co.,

Son,
BANKEKS AND BROKERS, Walston H. Brown & Bros
Farr,
ST., NEUr YORK.

B. Holiins 8c Co.,
BANKERS AND BROKERS,
74 BROADW^AY.

a. K.

&

Kimball
WaU

Fba^K CHOLLUTS.

Private telegraph wires to Providence and Boston,

BANKERS AND BROKERS,

No. 18

F.A.YZNAGA.

H.

InveBtment Securities.

8c

Gilder
33 BROAD

H.B.UOLLIXS.

Co.,

and €h««tnat
PHII.ADBLP11IA.

;

i. H.

&

€or. Third

DESCBIPTIOlf.

ALBERT G. GOODALL, President.
VHF.-PRESIDENTS
J. MACDONOUGH,
A. D. SHEPARD,
W. M. SMILLIE,
TOURO ROBERTSON.
STAYNER Treas.

Mew

BAMKKKS,

W.

8.

sss of th)

SAFETY PAPERS.

SAFETY COLORS.
Work 2'.xei'uto<l In

Buy and Sell on Commission, for cash or on mar*
seoorltlea dealt in at the
York Btook
ti:xohanKe.

fftn. all

Interest allowed on dally balances.
Ail depoaiu subject to check at sight.
Particular attention to orders by mall or telegraph.

Foreign Covornincnts.

sifegoiria to ptertst COClTTIUinilTIKO.

Sons,

IN
Co., FIRST-CLASS
INVESTIIIENTS.

IMPORTERS,

Kcorjiran'zcd 187f>.

Ti'.h s;cc*.3l

Sistare's

York.

&

Alfred H. Smith

Enghavkhs and rniNTKP.S OP

ENORAVINO AND PRINTING.
B.VNK NOTICS, SHARK CEUTIi'ICATKS,

1,013.

le & 18 Broad Street, New York.
131 SoutbTbIrd Street, Pblladelphla.
Connected by private wire with main ofllce, New
"

DIAMONDS.

BBOADWAT, NEW YORK.

0.]

^ittanclaL

Geo. K.

Bank Note Company,

WMhlngton, D.

NO.

22, 1884.

^itiattcial.

AMERICAN
ISuclai'SA

in the ollloo o( the Llbrariun of CongreM.

YORK, NOVEMBER

^iuaticlal.

143

Dana di Oo.,

8c

Co.,

WALL STREET,
DEALERS

IN

INVESTIHENT SECURITIES.
Alllclassea of CIt7.

bought and

Town and Rallwaj Bosda

sold.

R. T. W^ilson

8c Co.,
BANKERS AND COMMISSION MERCHANTS.
t BxetaABxe Court,

New

Kork.

S. \V.

Smitu,

t

Uuuaj

Hamilton
No. 35

Petroleum Kxchange^

&

Bishop,

BANKRR9 AND BKOKRRS.

PINK

MTHlilBT.

NK%V VOSK.

(Members New York 8took Kxohanga.)
Aoci>unts of Banks, Bankers and others r«oalT«da
Interest allowed on Balanoos. A sirtctJj Commission
BualnetBlntbeparchaneand sale of stooks and bonds.
Private TeloKTaph Wire to Albany, Troy, Syraonaa,
Rochester, L'tloa, Buflbilo, Cleveland and Chicago
Draw on Ctty Bunk ot Londua In amooQls to suit.
Special attention given to Securities tor Investmvot.

Jameson, Smith8cCotting
STOCK BROKERS
AND COMMISSION MERCHANTS,
33 Broad

St.

and S7 Ezcbause Place

STOCKS, BONDS, GRAIN
bought aad sold in

and PUUVliUOMa
New York and Chicagu.

omcagu Correspondents, WM. T. UAKJCB * 00.

Mm* and ezoluatve private wire.

IHE (HHUNICLK
g^oveign

j^-ecltattge.

&

Morgan

Drexelj

Drexel &
NO.M

PHILADELPHIA

& Co

Securities

bought and sold on comraission. Interest allowed on
Deposits. Foreiirn Exchange. Commercial Credits.
•Tftllable in all

&

niessrs. jr. S. inOROAN
Ho. 22 OLD BROAD STREET,

Brothers

STREET,

No. 59 1¥AI.I.

Co.,
N. ¥.,

AND SILL

Dtnr

BILLS OF EXCHAHTCE
ON GREAT BRITAIN AND IRKI,AND. FRANCE
GBRMANY, BELGIUM. SWITZERLAND, NORWAY, DENMARK, SWEDEN AND HOLLAND.
Issne Commercial & Travelers' Credits
AVAILABLE
And

IN

Pavable In anj part of Europe, Asia, Africa, Atuand America.
Draw Bills of Exchange and make Telegraphic
Transfers of Money on Europe and California.

&

J ohn Paton
JESIJP,

OF MONEY

PATON &

;

J

&
33

&

Stuart
Co.,
J.
NASSAU STREET.

^IT,L8

OF EXCHANGE ON
SniITH'S,

SniTH, PAYNE &
"LIMITED;"

J.

MANCHESTER, PAYABLE IN LONDON

KxmntDT Tod.

BELFAST, IRELAND;
AND ON THE

Member N. Y.

EDINBURGH, AND BRANCHES;
ALSO,

GABLE TRANSFERS AND LETTERS OF CREDIT

J.

Si:^.' sf

LONDON;

"otn^V.tbos

PARIS:

E. DAYIS. W. G. H. HIATH.

William Heath & Co.,
BROKERS,

BAIVKERS AND

No. 80 Broadway, New York.
Members of New York Stock BzchanKe.
rOBEION EXCHANGE. CABLE TRANSFERS.

William

I^th &

Co.,

10 Ttaroinnorton Are., Loudon, fine
Draw Bills of Bxchanfie and transact a freneral
flnandat commisston business. Particular attention
(iTen to American Securities.

&

William Heath
No. 19

Kne

&

John Munroe
mUNROE &

CO.,

PARIS

8TKRLING CHEQUES AND BILLS AT SIXTY
lAvS SIGHT ON

ALEXANDERS &
Cmcm^B, Notes and

!

CO.,

LONDON.

Credits fob Trayblers.

120 Broadway, Equitable Building, New York.

LETTERS OF CREDIT AND
CIRCULAR NOTES

Issued fortlie use of travelers In all parts of »ho
world. RllIB drawn on the Union Bank of London
Telegraphic transfers made to London and to Tartonii
places In the United States. Deposits received sub
Ject to check at sieht, and interest allowed on balr
ances. Government and other bonds and investment
eourttles bought and sold on commission.

Purchase and Sale of all Securities dealt

th.

CALDWEix.
Lansing C. Washbitkn,
Townbend. Member N. Y. Stock Bxohang.

J.

&

Huestis
PINE

ST.,

& Co

,

Co.,

NEW YORK,

DAVIS.

&

Co.,

Members Of New York & Philadelphia Stock Exoh'gM

New

PRrVATB WIRES TO:

York.

PHILADELPHIA,

FOREIGIV BAIVKERS,

BALTIinORE,

YORK,

CABLE TRANSFERS, BILLS OF EXCHANGE

PA.,

CHICAGO.

and
Commercial AND Teavklers' Credits.

&

Gilman, Son

CORRESPOyVESTS:

Co.,

BANKERS,

BARING BROTHERS & CO., London
PERIER FRERES & CO., Paris.
MENDELSSOHN &. CO., Berlin.

&

In at

Stock Exchange.

BANKERS AND BROKERS,
No. 17 VTALI. ST., NEW YORK.

CEDAR STREET.

No. 62

In addition to a General Banking Business, boy
iUd Sell Government Bonds aq,d Investment Seoorl-

Ruckgaber,

&

Simon Borg

NKERS.
29 VriLLiAM STHEET, NEW^ YORK.
BA

cohrkspon'dents of the

DEALERS

International Bank of London
(Limited) London.
jnesars. jouu Berenberg, Gossler & Co.

Co.,

STREET, NE1Y YORK.

So. 8 tVAI.1.

IN

ALL KINBS OF

Railroad and Inrestment Secnrlties.

Hamburg.

ROTTTHBBN PBCUKI'I'imi A BPRCTAITT

niessra.marcnard, Kraussdc Co., Paris.

W. H. Goadby &

Commercial and Travelers* Credits.
Exchange.
Cable Transfers.

Bills of

KOVNTZE BROTHERS.
BANKERS,

STREET.

tVALI.

8

John H. Davis

BOSTON, MASS.

Schulz

A.

TOWMSEND

Execute orders In all securities listed at the New
York Stock Exchange. For Sale,
FIRST-CLASS RAlbKOAD FlUST MORTOAGI BOND.
GEORGE C. WOOD, r. H. HUESTIS. L. M. SWAN

Exchange on
EVANS Sc CO., j >LONDON.
n^nnM

Co.,

No. 32 Nassan Street, New York,
No. 4 Post Office Sqnare, Boston,
CHEQUES AND CABLE TRANSFERI! ON

CALDWELL, WASIIBIIRN

BUCCBSSOBS TO

.

Scribe, Paris*

City Loans negotiated.

OQ commtssloD all classes of Railroad
Securities; also Grain and Provisions.
Private TelcKraph wires to Philadelphia. WUmltiKtOD, Baltimore, Washington, Bridgeport, New Haven.
Boston and Pittsburg*

WOOD &

HAMBKO & SON,
&. J.
OYEN8 & SON,.AMSTERDAM.
UOTTINGCER <& CO., PARIS.

Co.,

Orders solicited for I^ondon and American markets
for InTestment or on marRln. Railway, State and

Whitely,

BANKERS AND BROKERS,

Sell Bills of

Sts.,

&

C.
Special Partner.

sell

31

Buy and sell bonds, stocks and securities in all American, Canadian, British and Dutch markets on commission. Collect dividends, coupons and foreign and
inland Drafts.

Cor. Wall and Kassau

Tkavkbs,

R.

Wood,

Companies.

Kidder, Peabody

Cruger Oaklkt,

II.

MAYNAHD C. BTRS,

H. DoDOE, Washington, D.

J
j

Buy and

C. B.

and Railroad

Issue commercial credtta, also foreign and domestic
travelers* letters of credit In pounds stisrllng A dollars.

MELVILLE,

of the N. Y. Stock

and Mining Exchanges.

No. 64 BROADTTAY, NE1¥ YORK*
^^ Fifth Ave., New York.
RRAxm
URANCH owFiricH
OFFICES 53^
jg^j^ ^^^ Washington. D. O.

Chas.

for Banks, Bankers

Members

i

Interest allowed on deposits subject to Bight draft

WILLIAM STREET,

BANKERS.
Act as Agenta

I

Dickinson,

F.

New York

Co.,

Offer Inirestnient Securities.

NEW YORK:

WALCOTT,

Transact a general Banking Business, Inolnding th.

Stock Exoh.

&

Kennedy Tod
No. 63

NATIONAL BANK OF SCOTLAND,

Frank

No.

Alxxandxr Babinq,

H. O. NORTHCOTK,
;

ULSTER BANKINIb COMPANY,

Jos. C.

BANKERS AND BROKERS,

SCOTLAND.

COUNTY BANK,

dc

Office, 320 Broadw^ay.
Connected by Private Wire.

DRAW on
THE UNION BANK OP LONDON:
BRITISH LINEN CO. BANK, LONDON AND

BANKERS, LONDON;

IJOANC HESTER

Braucb

Prince

Accounts and Agency of Banks, Corporations,
and Individuals received upon favorable terms.
Dividends and Interest collected and remitted.
Act as agents for corporMtions in paylu,; coupons
and dividends also as transfer ueents.
Bonds, stocks and securities bought and sold on
commission, at the Stock Exchange or elsewhere.
Sterling Exchange and Cable Transfers bought
and sold.

Co.,

stocks and Bonds bought and sold on Commission.
Orders received In Mining stocks, and In Unlisted
Securities. Collections made and Loans NegottatedDlvidends and Interest Collected.
Deposits received subject to Draft.
Interest Allowed. Investment Securities a Specialty
We Issue a Financial Report Weekly.

Wm.

firms

&

C. Walcott

HENRY

CO.,
York.

New

S2 William Street,

^rolietrs.

BANKERS AND BROKERS,
No. 24 Pine Street, New York.
Transact a General Banking Baginew

SUCCESSORS TO

nAKE TELEGRAPHIC TRANSFERS
Canada, and of Drafts drawn In the
United States on ForeUrn Countries.

%miJuv$ mux

James Whitelt,
HAKBY C. LOGAN,

Co.,

Stock Exchange,

sell on commission, for Investment or on
securities dealt in at the New York Stock

bralia

BUrWJBBW THIS AND OTHER CODNTRIES.
all

BROAD STREET,

NewT York.
Issne Letters of Credit for Trarelers,
On SELIGMAN BROTHERS, London,
SELIGMAN FRKRES & CIE., Paris,
SELIGMAN & STETTUBIMER, Frankfurt,
ALSBERG GOLDBERG, Amsterdam,
ALTMAN & STETTUBIMER. Berlin.

and Quadalonpe.

COLLECTIONS OF DRAFTS drawn
HAKE
abroad on
points In the United States and

all

J.

BANKERS.
No. 33

IN STERLINO.
ANY PART OF THE WORLD.

In Francs, In Martinique

Buy and

Exchange.

& W. Seligman & Co.,

New York

of the

DKAURg IN Foreign Exchange, Gotbrnmknt
AND OTHER INYKSTMENT BONDS.
. . _8TERLINO LOANS A SPECIALTY.
Wall St, and 62 Greene St., N. Y.
64
margin,

Also Commercial Credits and Transfers of Money
en California, Europe and Havana.

CO.,

LONDON.

&

parts of the

all

MESSRS. DE ROTHSCHILD,

J.

Attornits and aoxnts oi

Brown

Issne Travelers' Credits, available in
world, through the

for Travelers,

Chas. Unger & Co.,
BANKERS AND BROKERS,
Members

21 Nanitau Street,

and their Correspondents.

BOMMSTIO AND FOREIGN BANKERS.
Circular Letters
parts uf the world.

and

No*. 19

HauBsmann,

Deposits received subject to Draft.

Co.,

BANKERS,

PARIS.

Gable Transfers.

&

Co., August Belmont

Drexel, Harjes

Co.,

Sotitb Third Street. 31 Boulevard

giXcUmxQz,

Iforjeigti

W^ALI. 8TRBET,
CORNER OF BROAD, NEW YORK.

XXXIX.

|v.,i,.

Co.,

BANKERS AND BROKERS,
J.

H.

GOADBY &

B. E.
JOINT AGENTS

WALKER,

No.

TVAIil.

New

Canadian Bank of Commerce,
IG EXCHANGE PLACE.
BUY AND SELL STERLING EXOHANOB, CABLE
TUAN8KKRS. ETC.
ISSUE COMMERCIAL CREDITS, A VAILABLK
IN ALL PARTS OK THE WORLD.

8

B. ASISL.

L. S.

Frankbnheimer, M. Seligsian,
.V

embers N.

Asiel

I

STREET,

York.

&

Y. Stock

Exchange.

Co.,

BANKERS AND BROKERS.
PLACE.
No. 61

EXCHANGE

:

NovEMHEll

miA ^voUtxs*

S»ulLet;s

&

R. A. Lancaster

Co.,

^xo\Ltxs*

&

A. Kohn

J.

m

Co.,

THE

Railway Share Trust Co.
(LIMITED),

Koroiirn Exchange, Bond.i, Slocks ami Miscellaneous Socurlllt's biiughl and sold un cuaiinlaslon.

DEALEtU in

Mlgccllaucons Secnritles.

Southern Securities a SpeeUiUy.

Juuns

David

A. KoiiN.

Memb.N.Y.Stuck Excb.

LONDON, ENGLAND.

HIKAM DawiNO. CI.ARK DBWIHO. I*. T. BONTECOC.
(Member of New York Stock Exchange.)

stock brokers,
PINE STREET, NEW YORK.

BANK BUILDinoS,

No. 4

Moiiitz Ocns,
Memb. N.Y. Slock Ex.

ociis.

H. Dewing & Son,
BANKERS
AKD BROKERS,
Stewart Brown's Sons,
No. 18 Wall Street, New York.
38

|f0Vfi0U J^XCIUtB,

BANKERS AND BROKERS.

19 Broad St.,N. Y., KIlllsBulIdlns,
Transact a General lianklng Itnsiness.

UNITED BANK BUILDING,
BROADWAY AND WAI-L 8TKKKT, NKW lOBK

&

wnA

f^waCbJtxs

BANKERS AND BROKERS,

Ballroad

Capital Paid Vp, £971,860 BlarUnc.

DinBCTOItB:

Stockn and nonds UouKbt and Sold on Conunlmton
Accounts received ttnd Interest allowed on baU
lances, which may bo checked for at sUtht.

B.

OiirrBAi.
A. H.

DonOLASS OREIK,

BATKMAW,

W. W. DUULEV.
&.
WALL STREET, NEW YORK.

GREEN
85

BANKERS,

BATE9IAN,

A:

18 Broad Street,

STOCKS, BONDS, GRAIN
boiutbt

B. C.

Special.

Howard

Co.,

New York.

Lapsley
Now

&

Humbert

Yorli.

DRSXIL

&

Bouden

Parchcae and sell
and RAILROAD

Sanlijetrs.

clBisea of Securltlea dealt In at the

STOCK EXCBANOK,

or

all

Managing Director.

TtaU Company undertakes the btulnesi of Tnute*
to

Loans of approved Railways, negotiates

ter of

antf

on the London Market, acts as Agent for

payments of Interest on Loans. Dividend* oa

or Beglatratlon of. Stocks In London, or othsnrlM.

Cable Address—PATT, LOHOOir.

Keaervo Fund, £300,000.
OFFICE, THREADNEEDLE ST.

Jenkins,

and STOCKS, and

Esq.,

..... £4,000,000
Snbacrlbrd UapTlal, ...... 4,000,000
Pald-Cp Capital, ...... 1,000,000
HEAD

-

BUNDS

P

Authorized Capital,

JiltANCBEa
Tottenham

Street,

Lndgate

l^euj^ORJo
on Commlaalon GOTERNMBNT
§T.

Dbummond WoLrr,
O. C. M. Q., K. C. B.. M.

(LUUTED.)
E3IGL.A]VI>.

Bond

25 fine

P.. (Aairauui.

ai.L

SIB Cnini.M LAWBENca Youno, Bait.

LOIVDON,

STREET,
NEW YORK

BI7II.DINQ,

Bib Hxnbt

Issues Loans

The City Bank,

Son,

BAHKEKS AND BR0KEB3,
No. 39 WAIili

IL

Railways and other Corporations, either In the mat-

^0vjeifltt

IICMBKBT

&

Esq.,

uopKiNsoir,

Ualcolm a. Laino, Esq.
John Houatio Llotd, Esq.
John pxndib, Esq., M. P.

FRANaS PAYT,

Member N. Y. Stock Ezch.

E. C.

HSNHT

Co.,

Chtoaso market*

) OHN J. C.

LAINO.

ALLOW INTER-

Ofllces,

BANKERS ANB BROKEBB,
No. 34 BROAD STREET,

AND PROVISIONS

New York and

and sold In

U DHBERT,

bnslnesa and

connected by
private wire, Norwich, Conn., and Boston, Mass.

BANKKHS AND BROKERS,

16

BANKING

H. Linslbt.

&

C. J. Turner

for cash or oarrr the

EST on DEPOSITS. Branch

BATKMAN

N

InTestment Secnrltlea a
execute order* In STOCKS and BONDS
aame on margin. We tranaact

8pe<dalt)r,

a general

PrlTat« Wire to Wuhlngton.
& CO.. WAaHINOTON, D. n.

Coll J. Turner, jAS.TcaNEB.
Memb. N.Y. Stock Ezch.

Foote,

No. IS ITall Street, N. Y.

We make U. 8. Bonds and

and Forelcn Excbanse

Stocks, Cotton

&

Hatch

Memti.N.V.CottoDBzch

Hemb.N.V. Stock Rxch.

:

THE CHRONICLK

1884.]

22,

:

Railway Debenture Trust

Boad

COmPANY

Paddlngton,
Aldgate,

Hill,

Knightsbrldge,
llolbom.

Cotirt

OldBftreet.
London.

No. 4

The Bank^hlle conducting the general business
London Bankers, gives special attention to the

all

of

NEW YORK

A. O.

KENNEDY. Manager.

THE
Anglo-Californian Bank

BITII.DING8,

LONDON, ENGLAND

Agency of Foreign and Colonial Banks.

rep'iUble Secnrltlea

boaxht and aold In the OPEN MARKET. LOANS
and COMMERCIAL PAPER negotiated. Intereat
paid on DEPOSITS, inbjeot to check.

BANK

(LiaUTED),

Same

Direclori as the Sailway Share Tru*t

Company

(Limited).

(LIMITED).

IjONDON, Head Office, 3

SAN

Angel Court.
FRANCISCO Omoe, 422 CaltTomla St.
Agents, J. A W. Sellgman Ic Co.

OAPITAI. PAID UP, wltb Snrplna,

NEW YORK
BOSTON

cKy Co.
BA KERS
»^

No. 18

WAI.Ij

tntborlzed Capital,
Fald-np Capita], •
Reaerve Fund, - - .

Tranaact a Oeneral Banking Boalneaa. Inolndlns
the parchue and aale of STOCKS and BONDS lor
cash or on margin.

Bar and

Sell

^^

Investment Secnrltlea.
BOX 8,847.

^

BANKERS

So*

A.

ni.

TOWN8END,

Bank of

Blake Brothers & Co.,
LONDON, ENGLAND,
Solicit accounts and agencies of Banks, RaUwart.
Corporatlona, flrms and Indlvldnala, npon faror
able terms; also orders for the parchase and
sale of Bonds, Shares, &a, Xc^ on ConunisslOD
on the Stock Exchange.
Negotiate Rallwaj, State and City Loans and
laane Commercial Credita arallable In all parta of
the world.

Australasia,

Quarautee and Reserve Funds, £7.7,710.
Letters of Credit and Drafts Issued on the 109
branches of the Bank In the Colonies of Queensland,
New Sonth Wales, Victoria. Sontb Australia, Tasmania and New Zealand. Bills negotiated or sent for
Collection. Telegraphic Trasafan made. Deposits
received In London at Intereet for ttzed periods on
the office.
t«rms which mar be asoertalnad

U

PBIOBAUZ 8KLBY.

Beoretary.

Narr & Co.,
ABIERICAIV BANKERS,

Broadway.
OOMUEROIAL PAPER.
I

j

Bankvereeniging,
B.

W. BLIJDENSTEIN &

AnSTERDAn,

-

•

.

-

CO.,

HOIiliAND.

Ebtabushzd IMl.
Subscribed Capital, 8,000,000 - OuUders (|S,aoc,OOa.->
"
Paid-Dp Capital, 7,871,100($3,148,440—)
•
»IB,8e3 87
Reserve Fund,
(ISSS.etSMt)

1835.)

4 Threadneedle St., London, England
PAID-UP CAPITAL, £l.800,',C0.

'Wall Street, Corner

De Twentsche

Agent. 47 William St.

(INCORPORATED

BANKERS,

Stocks and Bonds bonght and aold on commission
New York Stock Kxchange. Adraoces made >>> on
bof liMM paper and other aecurltler.

Shanghai

Paid-up Capital
|7,E0O.0OO
4,4>i0000
Uescrvo Fund
Reserve for Equalisation of Dividends ....
400,0(10
Proprietors
Reserve Liability of
7,500,000
The Corporation grant Drafts, Isane Letters of
Ciellt for ueeof Travelers, and negotiate or collect
Bills payable at Bombay, (la.outta, Singapore, Saigon,
Foochow, Amoy, Ningpo,
Manila, Ilong Kong,
Shanghai, Hankow, Yokohama, Hlogo, San Francisco
and London.

UNITED BANK BUII.DINC,
at

$6,000,000
1,500,000
400,000

BANKING ASSOCIATION.

cor. Exchange Place, N. Y.
Branch OlUcr, 1'2S I>a Salle St., Chicago,
TKA.NSAI T A GKNEUAF. BANKING BUSINESS
INCLUI<lN(i TllK PUUCIIASE AND SALE OF
STOCKS AND B(JNI)S KOH CASH OK ON MAIU
GIN. BUY AND SELL INVESTMENT SBClJKlI
TIBS. INTEREST ALLOWED ON DEPOSITS
SUBJECT TO CHECK AT SIGHT.
P. O. Box 447.
D A. BOODT.
C. W. McLEIiAjf, Jr.
REUBEN LELAND.

<t

-

Hong Kong &

H. J. MOIUO.

38 Broadway,

STOCKS, BONDS

-

lONATZ STEINIIABT,

IBoodtft
rrr'S^—

-

-

P.N. LIT.IENTHAL. Cashier.

P. O.

WATLAin) THABK.
W. C. HIU.

-

£1,956,410 Sterllnc

Bk

Transact a general banking business. Issne Commercial credits and Blllsof Exchange. aTHllabie In all
ports of the world. Collections and orders for Bonds,
Stocks, etc, executed upon the most favorable terma.
FUED'K Y. LOW.
!»..„.„«._
(""'**"•

,

STREET,

Nenr York,

A. H. KtDDXS.

Correspond'ts, Massacliusetts N.

STUTTGABT, GEBMANT.

Bead

Aauterdam.
BJUNCHXa
London-KXCHANOB A INTBSTMBirF BAHX.
Ofllce,

B.

Nos. 96

W. BujDmrsomi

A

Jk Oo.
D6 ThreadiMeffle Street.

KC.

Betterdam— DE WISSBL-eo EFTBCTBNBAMK.
Eaeekede-B. W. BLIJDENSTKIN, JB.
Alsneloe— LEDBBOKB * CO.
Transact a general Banking and Ck>mmlselon
neas In Bills, Stocks, Shares, Coupons, Aa

Mbit

Messrs.

Bul-

Tobk CoBBiapoMDsim

KNAUTH, NACHOD A KUHIf£

THE CHRONICLE.

Iv

Ipw

^jofti0ti hauliers.

&

L. de Steiger

Co.,

giigXaud

Brewster,

TURNER & CO.,
THBEADNEEDI.E STREET,

A. P.
BO

L.O]Vi>0]V.
York Stock ExchariKO.
Mpvufrs i} New
MEMBERS
Philadelphia Stnpk Kxrhaturs.

g^misvjlxiania %K\iktxs,

gatifejex;?.

Cobb

&

Narr

Gerlach,

BANKERS AND B R O K B K
Estabrook,
No. 322 ClIEST.S'Ur PTREET,

&

BANKERS,
FRANKFORT-ON-MAIN, GERMANY.

XXXIX.

rV'oL.

!«

,

PHILADELPHIA.

BANKERS,

Orders executed by private wire In New Vork. Bos
ton and Baltimore.
Draft.s Issued on all principal points In the United

CONGRESS STREET,
BOSTOIV.
MEMBEE8 OF THE NEW TOKK AND
No. 35

tales and

Kurone

WSizattxxi gaixkevs.

BOSTON STOCK EXCHANGES.
AI,S0.

ESTABLISHED

Dealers In municipal. State, Railroad

Mnnhexs,

©atiailiaii

and United States Bonds.

Parker

Bank of Montreal.
CAPITA!,
SlIRPIiVS,
O. F.

No. 60

BOSTOX.

BUCHANAN, General Manager.

J.

Perkins,

KEW YORK
Noa. 59

&.

OFFICE,
61 TTAI^I. STREETT.
WAITSB WATSON, \ AM„t«

(Formerly Chas, A.

Swkbt

London

No. 22 Abctaurcta I.aue

Office,

Merchants Bank
OF CABTADA.
Capital,
KeserTC,

-

•

DEARBORN BTREET,
CHICAGO, ILL.

No. 176

BANKERS AND BROKERS,
STATE STREET,
BOSTOiV, MASS.

81,250,000

ANDREW ALLAN. Esq.
ROBERT ANDERSON,
HEAD OFFICE, MONXREAI..

President.
Vice-President.

Esq

GEORGE HAGUE, General Manauer.
J. H. PLUMMER, AsBlatant General Manager.

BANKERS:
LONDON, BNG.— The Clydesdale Bank (Llmlied.)
MEW YORK— The Bank of New York, N.B.A.
The New York Agency buys and sells Sterling Exohange. Cable Transfers, issues Credits available in
all parts of the world, makes collections in Canada
and elsewhere, and issues Drafts payable at any of
the offices of the. bank in Canada. Every description
of foreign banking business undertaken.

JOSH0A WlLBOtm.
CHARLES U. SHELDON, JU.
BINJAMIN A. JACKaON, WILLLUI BiNNST, JR.

Wilbour, Jackson

)

JB..

1

BANKERS AND BROKERS

No. 4 Exchange Place, Boom

Buy and

BOSTON, MASS.

sell

Issue

demand

Chicago.

CIRCULAR NOTES

available In

all

Issued in Pounds Sterling
mrts of the world. COM^IER-

CIAL. CREDITS ISSUED for use In Europe,
China, Japan and the Kast and West Indies. Also,
in name of NEW LONDON
RUAZIlaAN

BANK

Limited, available

Plate, &c.
Bills collected
acted.

&

In the Brazils,

River

and other banking business transA. McTAVlfll,

1).

H.

and

8TIKEMAN.

(

A „p„,,
Agents.

J

Imperial Bank of Canada.

&

Co.,

and Information

nisned.
N. V. CorresoAndents

—McKIm

>

Rrot.bprs

M

fui.

TRANSACT A GENERAL DOMESTIC AND
FORTCION BANKING BT'SINRKS.
J.

WM.

WM. MIDUKNDOBr.

B.

OLIVER.

MiddendorfjOliver & Co.
(KEYSER BUILDINq^/

M. SHOEMAKER.

ROBERT M. JANNET.

M. Shoemaker & Co.

FT'Sfif^ attention given to Collection of Commer.
clal Bills and ( anadlan Funds on all polntsin Canada
American and sterling Exchange, and Stocks, Bonds,

bought and sold.
Correspondents- anil of
and Alliance Bank, London.
etc.,

New York, New

PlilLADELPHIA.

E.

W.

&

Clark

Co.,

BANKERS,

TORONTO, CANADA.

-

-

-

$250,000

-

Wm. W. Thohnton, Cash.

TUOliI%TOX

siiilbyville, illinois.
Collections made in Shelby and adjoining Countiea
and Proceeds reniittod w\ Day of I'uyment.
Uefehences.— iNatiunul Hank of (.'uramerce, New
York; Union Nutio»ial Bank. Cliicinnuti; Third National Kttnk. St. r.Vmis
'I'ratJors' Bank, Chicago;
;

First Niili(in:tl Hank. Intlianiipulis.

We

Rive special
accessible points.

attention to

collections

on

al>

DiHECTOKS.— Benjamin A.

Botts. Pres't; F.A.RIce,
B. Botts. Hob't Brewster. 51. K,

C.C. Baldwin, W.
Mcllhenuy, B. F. Weems.
B. K.

W.

T.

WKK.MS. C;i«hi*T.
BLACKWKLL,

BKN.T. A.

BOTT«

Prps't

P. A. WILKY,
Cashier.

The Bank of Durham,
DURHAin,

N.

C,

With ample means, and facilities excelled by noBank in the State, invites correspondence and pays
special attentfnn to collecttons.

Jos.

BANKERS AND STOCK BROKERS.
No. 134 SOUTH THIRD STREET,

Buchan,

WALKEa

Cashier.

German Bank,

BANKERS AND BROKERS,

Jos.

&

C. T.

J»0UtlXCltt ^VLXiktXS.

Promptest attention paid to collections payable In
any part of Canada.
Approved Canadian business paper discounted at
the Head Office on reasonable terms, and proceeds
r jmltt«d by draft on New York.

Gzowski

1

Co.

BOSANU0ET, SaltACo.. Bank of Montkeai,
7S Lombard Street.
39 Wall Street.

BANKERS AND STOCK BROKERS,

Incorporated 1875.

Robert Garrett & Sons,
THE CITY BANK OP HOUSTON,
BANKERS,
CAPITAL, 9500,000,
No. 7 SOUTH TREET,
Houston
exas.
BALTIMORE,

[

I

)

\

& SOX,
banke:rs and brokers,

8t. Catharines,

I

STATE BANK,

(Established 1859.)

•.....

:

(

I.TTTLK ROCK, ARKANSAS*

^V. F.

N08. 23 & 25 GERMAN STREET,
GAPITAI. (paldnp), - - -91,500,000
BAL,TIinORE, OTD.
SVRPIiVS,
$678,000 Box 397.
Members Baltimore Stock Exchange.
H. 8. HOWLAND. Pres't. D. R. WILKIE. Cashier
HEAD OFFICE, TORONTO.
BRANCHES:
Port Colbome. St. Thomas. Ingersoll
Wetland, Fergus. Woodstock.Wlnnipeg, Man.,
Brandon, Man.
Dealers In American Currency & Sterling Exchange.
Agents In London
Agents in New York:

Dallas. Texas.

Wall Street.
D. Q. F0NE8,
President.

and the Metropulitan National Hank.

gawlicicB.

SOUTUERN SECURITIES

Correspondence solicited

Mortgage

(OF LONDON, ENGLAND),

Thos. M. TnoRNTON.

gaXtimore

&

OOilPANT LIMITED,

Prompt attention Riven to all business in our line.
N. Y. COHUE8PONIIENTS.— DunneU. Lawson & Co.

BALTiraORE.

Sterling Exchange and Cable Transdrafts on Scotland and Irelanu;
also on Canada. British Columbia, San Francisco and
fers.

THE

Capital (Paid in)

No. 4,

MEMBER OF BOSTON STOCK E.XCHANGE.

INVESTMENT

STREET.

you wish to buy or sell.

Texas Land

Samuel G. Studley,
COMMISSION STOCK BROKER,

•pedalty.

North America,

No. 52 TVAIil.

I.

BANKERS AND BROKERS,

OF

British

K.

Wilson, Colston

Bank

If

Transact a general Financial and Agency Business In
the State of Texas and Europe.
Sew York Correspondents:
C. E. WKI.,LBSLEY,
Blake BKOM. & Co..
General Manager,

Dealers In Commercial Paper, OoTemmeni and
other flrsUclass Bonds and Securities and Foreign
Bxchanfie.
Private Teleirraph Wire to New York and Boston.

.-„,,
Agents.

AGENCY OF THE

& Co.,

IFEYBOSSET STREET,

53

Town, Sthoo

state. County. City,

Write us

tlon.

Newr York Aecncy, No. 61 IVall Street.

HKNKYUAGUB,
JOHN B. HARRIS.

Drv'VT'nQ

DV/1>I JL/O, and Car Trust Bought and Sold.
The funding of entire Issues receives special atten*

Dealers In Municipal. State and Rai lroad Bonds.

PROVIDENCE,

$5,700,000 Paid Up.

•

&

W. Harris
Co.,
INVESTMENT BANKERS,

Co.,

No. 40
Bay and sell Sterling Exchange. Francs and Cable
Transfers; erant Commercial and Travelers' Credits,
available In any part of the world; Issue drafts on
and make collections In. Chicago and tbrooghoatttae
Dominion of Canada.

Defaulted Bonds of Missouri. Kansas and Ulinolf »
paylny from

Co.),

St

Co.,

^i>eclalt7. Grood InvestmeDl bocurltles,
4J^ to 10 per cent, for sale.

N.

&

Dupee

&

OIJVK STRKET, ST. LOUIS.
Dealers in Xl'^e&itera Securities.
305

DEVONSHIRE STREET,

SMITHIiRS, President.

W.

Stackpole,

BANKERS,

$12,000,000, Gold.
$6,000,000, Gold.

-

&

1871.

Keleher

F.

P.

No. 35 South Tliird

MEKCHANT.S' NATIONAL BANK,
HICHniOND, VIltGINIA,
Collections njudc on all Southern points un best
prompt returns.
:
P. BRANCH, President.
John F Gl exx. Cash. Kuk d. R . soutt. Vlce-Pres't

terms

JOHN

THOMAS BRANCn &

CO.,
BANKERS AND COMMISSION MERCHANTS.
RICHItlOND, VIRGINIA.
Virginia Bonds funded under the Funding Act
iiy the lust Legislature, for }^ per cent comNew Noitn Carolina 6 per cent bonds,
secured by lien 4jn tiie .Slate's stock In the North
Carolina liaijroad, fur sale
pn.ssed

mission.

.

WM.C.CorRTXE v.I'res.
St.,

DEALERS IN CAR TRUSTS AND OTHER
INVESTMENT SECURITIES.

NATIOXAl, UAXKINU ASSOCLiTION,

York;
Stocks and Bonds Bought and Sold on Commission

Euxest II.PBixr.LE,Cagb.

BANK OF CHARLESTON,

Philadelphia.

'

CHARLESTON, S. C.
8PECLAL ATl'BNTION GIVEN TO COLLECTIONS,

.

)

November

THE CHRONICLE.

23, 185J.]

Smst

IHftcBtevn SnuIucrB.

&

Thcs. P. Miller

OF NEW TORK.
No. 49 WALL STREET.

mOBILn, ALABAiriA.
Oi.i.lil nli'iitioii

hiiltl

t» oiillwtlouM. with promut

,,

iirroiit rates ot oxchatiiro on day ttt
iiiU null Stato uf AiubuiuK ntid Ctty

",

,

-,.

I

.'.

Now Vnrk,
Now Orleana;

the state of

-uii.i.-..r

Hank,

lal

^,
it;,

litTCriKM*!.

,

National Bank,

First

made on

And all kinds o(
CANVAB, FKLTINO DUCK, CAB
COVEBINO, BAGGING. BAVKNH DUCK, BAIL
TW1NB8. Ac, "ONrAKIO" BEAMUBM

lo Interest for

of eatatM,

BAOB, "AWNING BTaiPKS.
Also, Agenu

notion of bnakInstitutions,
ilcpoi-itory for
i'ruBidont.

ness, as Willi
will find till

money.

oompany.

lie

<<is
1

J,-.,.,

UNITED 8TATKH

WlLl.lA.M H. .MACV. Vice-President,
8. CLABt. Second Vlce-Prost

JAMKB

^Ittjiucial ©ampiititjcs.

Dan. n. Arnold,

Thomas 81ocorab,\^

Bonds of Sixretyship.

Charles K. Bin,
Wilaon U. llUTit.

Anson

•«,

WniH.jMiuv,

I

rt,

Clinton Clllwrt,
Diinlel I). Lord,
ticorge T. Adee,
n
Samuel Sloan,

.

l

The Ouaraaitee

Co.

(

:,

fsno.ooo
4011.000

...,Hj<

;,

214.000

,T,

NbwTokk

.

^,

,

Secretary.

.iseph

1

W.

nrexel, A.

.

i.rustus

\Vtn:.i(r.v.

Wiman.

riDKLITY & fASUAl-TY
No». 214

&

218

L

Danle

I'j.John Poton,

CO.,

nUOADWAT, NEW TORS'

OIHumls of Banks, Kallroada and Bxpress Companies, Managers, Secreturles, and Clerks of Public Companies, Institutions and Commercial flrras.can obtiUn

BONDS OF SrKEITVSIIIP
from

this Cumpiuiy at moderate charKes.
boud'i of this Company are accepted

The

of the >tate of

New

by oottrts

York.

CASrAEiTV DEPARTMENT.

Policies issued aKiiimt accidents causing death or
totally rtl!<iiblinit injuries.
Full Inlonualioii as to details, rates, &c., can be
otlice. or of Company's Agents.
KuHAKiJS. I'rest. ,Iou.\ M. CuA.SE, Sec'y.
KoB'T J. HIl.L.vs, Ass't Secretary,

obtained

WM.

M.

at

head

DlitKCTOUS:

W. G. Low,
navid l)ow9,
Hope,
Charles Uennla,
A. ;!. Barnes,
O. Wliliums,
J.S.T.Stranahan, II. A. Uurlbut, Alex. Mitchell.
J. U. Vermllyc. S. B. Chittenden.
A. B. Uull,
\Vm. M. Richiirds.
Geo. S. Coe.
tiOO. T.
<3.

HAMPTON.

.losiAH .1 EWETT, V.Pres

WILLIAM C. CoiixwKLL, Cashier.

Bank of

Buffalo,

CAPITAI.,

1^300,000

BUFFALO,

JJ.

Y.

This bank has superior facilities for making collections on all accessible points In the United States,
Liberal terms extended to
Canada and Europe.
accounts of bankers and merchants.
CoRUKSi'oNoEN'T.s.— New York, National Shoe h
Leather Bank; Union Bank of London.

appointee.
..
..
'rakes chnrge of property collects and remits Interest and incimie promptly, and ulscharges faithfully the duties of every trust known to the law.
All trust assets kept separate from those of the

_
.
._
Burglar-Proof Safes and Boxes (having chrome
.

annum,

steel doors) to rent at »5 to »«0 per
new and elegant chrome steel.

In their

protected by inmroved time looks.
Wills kept in Vaults without charge.
Bonds and stocks. Plate and all valuable.'* securely
kept, under RUarantoe, at moderate charges.
Car trusts and other approved securities for sale.
Money received on deposit at interest.
JAS. LONG. Pres't. JOHN G. READING, V.-Pres't
S. STOKH-:. Treasurer & Secretary.
D. H. PATTEUSON. Trust OHlcor.
DIRECTOR'?.—James Long. Alfred 8. Gillctt, Allison
White, Ur. Chas. P. Turner, William S Price, John
T. Monroe, W. J.Nead.Thos. K. Patton, Jonn G.
Ueading. Jas. S. .Martin. 1). Hayes Agnow, M. D.,
Jos. I. Keefe. Robert Patterson, Theodor C. Engel,
Jacob Naylor, 'I'lios. G. lloort, Edward L. Perkins,
PulliJDELPHlA; Samuel Kiddle. GLE.N RlUJiLE, Pa.;
Dr. George W. Kelly. HAltlllSBUlto. Pa.; J. Simpson

MAULON

llUNriN0l>ON Henry S. Kukert.UHAmxG;
Edmund S. Doty. Mifflintow.n W. W. H. Davis.
;

K. Moiiaghan,
Cooper, alle.ntow.v.

DOYLBSTOW.N
Chas.

W.

;

R.

WE»T CHESTER

Montague & Clinton

sU., Brooklyn, N. Y.
authorized byflpecial charter to
act as receiver, trustee, Kuardlao, executor or ad-

Cor. of

B. Kendall,

SELLI.VG AGRNTS FOR
Geo. 19. Gilbert Hir:;. Co .
Frcciiiiin .Tils. Co.,
Arlington millN,
UeuTrciv mi-:. Co., JanicK FhUlips, Jr.
Fltckburg Wornted Co.,
George A%'liltn<>y, Continental KllUa,
Lincoln MILIm.
BOSTON, 31 Bedford Stret't.

& CO Worth Street, and
NEW YOKK 58
an ^ 37 Thomn.s Street.
ESTABLISHED 1855.
vTT^ro irrvTjB-

Henry Banper

Kipley Uopca.
J A 8. Uoss Clthkav. Secretary.

EUGENE

St.,

3,5

91,000,000.
PAID UP CAPITAL,
legal Depository by order of Su-

TRUST

CO.'S

TELEGRAPH
Bank

STOCKS,
STOCKS,

Stochs, Insurance Stock*.

H. L. Grant,
No. 14S BROADWAY,
NEW

YORK.

€IT¥ RAILROAD STOCKS
BODGUT AND

ft

BONDS

as fiscal or transfer agent, or trustee for corporations and accept and execute any legal trusts from
persois or corporations on as favorable term* ss
other similar companies.
HILI.UOnSE. President.
KRKDKitU. D. TAPPEN. Vice-President
J. HKITTIN. Secretary.

THOMAS
WALTER

Suppliea Banks, Bankers, 8to«k Brokers and CorporHtfuns with complete outflta of Account fiooka
and Stationery.
New concerns ortnuiiziBg will have their orw
ders promptly executed.

t^

No. 1 IVILLiIAIH STREET,
(HANOVER SaVARB.)

S.
9

Bailey,

PINE STREET.

The Undersigned hold

SALES

NKW

;

Afrents for the followlnK brands of Jute Baffelna,
"KaKlo Mills."" Brooklyn Clty,""GeorKla,""Carollna,''
Nevlna. O." "Union Star." "Salem '"Uorloon Mil la,"
Jersey Mills " and " Doyor Mills."
*

IMPOKTKRS OF IKON

T1R8.

"

BAGGING.
WARREN, JONES A CiRATZ
ST. LOUIS, Mo.
Manofactaren' Agenta for the >ale of Jut* Bacxtng

JiirORTSKS OF

IRON COTTON TIES.
Before buylnK your C'nrppts.
Cloths or

MattlnRs. cull

at

Carpet Store, 114 Fultou

I.lnnleiini.

No

St., UiKiiiuout

tSE

New York Moist

OK

II

Dot con-

Brush.

THE

Letter Copying Book,

MANUFACTURED BV

SON, New York

PINE STKEET, NEW YORK.

No

Water.

Oil

BKND.ILL'S

Chuapeat place in the city.
renient to call, senU for samples.

BEQULAB AUCTION

&.

TIES,

CFOa BALING COTTON.)

WSDNBSDAVS AND 8ATURDATS.
No. 7

YORK.

BAGCINO AND IRON

floor.

of all classes of

ADRIAN H. IflVLLER

A SPECIALTY.
Cash paid at once for the above securitlee or they
«ll IM wld on csmmlssion at seller's option.

Wheeler,

119 inAIDEN LANE,

STOCKS AND BONDS

DIALINGS IN

ISiSVRAlVCE STOCKS

BONDS

At Auction.

SOLD.

See gaotatlons of City Railroads In this paper.

E.

and

&

Bullard

OFFICE
CAKPETS.

3^1^ctil0tt iJaljes.

STOCKS

& Cole,

STATIONER AND PUlNTKIl,

Designated as a
preme Court. Receive deposits of money on interest,

act,

E. COLE, Successor to

Sears

IN

Co.,
CITY EIAIMVAY STOCKS MetropolitanWallTrust
New York.

<

j

w.cokl.iii;b, Vlco-Pres't,

K W. Corllos,

MlUa Building,

BLE.AC'HEU SHIUTINCM
SHEETIIVUS,

PRINTS, DENIMS, TICKS, DUCKS. AO.
Tovrelx, Unllts,'WIiIte Goods & Hoalen
nnlie, Shrttinga, ac, for Mrporl iVacla.

QolnlBtrator.
It can act &a aKent In the sale or roanaffement of
real estate, collect interest or divldendB, receive
registry and transfer books, or make purchase and
sale of Government and other securities.
Religious and charitable Institutions, and persons
unaccustomed to the transaction of buslnesa, will
And this Company a siife and convenient depository
RIPI^KY uo^KS. !»resldent.
for money.

Wm.

Co.,

AND

la

Mlch'IChauncev.John P. Rolf©,

Fabyan &

BBOWN &

;

The Brooklyn Trust Co.
This Company

AOZNTS FOB

Brown,Wood&Kingman

Firn and Burglar-Proof Vaults,

Africa,

CHArNrrr Btbibt,
BOBTOW.

York, Boston, Philadelphia,
BELLING AGENTS FOB I^KADINO BRANDS

.

Company.

IS

New

;

Joslah O. Low, E. F. Knowlton, H. E. Plerrepont,
Alex. M. White, John T. Martin, Henry K. Sheldon,
Wni. C. KinKsley. C. t). Wood.
A. A. Low.
Fred. Cromwell, Wm. II. Male,
Alex. McCue.

DHALEB

TOKK.

Bliss,

TUUSTEKS:

NASSAU 8TEEET,

wnm STREET,

Wblte Rfla;. Co.,
EUertOb^.^ewinUl*,
Sai'atoKO Victory inik. Co.,
Yarn mila
and
HoaletT

Co.,

Authorized Capital
*''£*'9'2$?
5OO.000
Paid-up Capital
Charter Perpetual.
Acts as Executor, Administrator, Assignee, Receiver. Guardian, Attorney. Agent, Trustee and Committce, alone or In connection with an individual

KDMUNb

No. 21

45

Orean milla Co. Atlantic Cotton niUla,
FoHbo iT jnilln, CUIoopec Mljat. Co.,

CHESTNUT STREET,

613

&

NBW

Assistant Socretarj

;

eaEKMAK 8. jEwr.TT. Prcs.

48

PHILADELPHIA.

NO. 178 REtOADAVAV.
D.

AND

611

Hon. 3as. KKUuiEn.
MH-aiflng Director; Kdward Hawlinos.
NKW VORK OKKICE:
Oalt.

HopLlna. II. Vi
Torraucc. Kdw. V

O.

The Union Trust

VIoe-PresMent:

I'resldCDt:

Bill ALK.\. T.

Brown,

;....„.

BKNBY L. HiOHNKLi,. oeoretarT.
LODIS

iv.otit with Insurunce Devartmont

C.

ivard Cooper.

W.

OF NOKTII AMERICA.
.i-'i (-.iiai

llliss,
liUam l.lliboy,

m

I

itook

&

(;corKe

iii

In

Motley,
Joy, Lincoln
RrcrcSHoiu to
£. R. nVDGE, SAWYER ic CO.,

P. Stokea,

llobt. B. .Mlntnm
Geo. H. Warren,

',

1

:

XO OTHER BUSINESS.

Chittenden,
John U.lthoadot

'.

1

BinfTIIVO CO.

A full sapplr, all Widths and Color*, always
No. 10ft Ouaue 8tre«t.

S. B.

.1

l>««ltra la

COTTON

withdrawn after

*

;:

i

part« of the United 8t»te»

all

which may be made
Bvedaya' notice, nr
the whole time th<

Co.,

COTTON SAILDUCK

This oompany Is a legal depository for moneys paid
Into court, and Is authorlieil to a«t aa gaardliuiui
reoeWer of estates.

Kxeoutors, ailm;
and femalCB

IVIIiiniNGTON, N. C.
Collections

Surplus,

INTKRKST AM.OWKn ON nRPOSITS,

WALSEB, Cuhlcr

A. K.

H. buUKUti;^. Pres't.

&

Mannfaoturan and

(13,000,000
3,5-11,608

Capital,

CS^arAs.

Brinckerhoff, Turner

Co., United States Trust Co.

V.NKKHS.

II

i£^amwevci'i%\

f£>i>\xufXiXkU&,

No. 62

Stationery

&

EBTeIoi»e Co.,

JOUN STRBKT. NEW VORK.

:

M>v&ciixl %nvitstmimis.

Geo. H. Prentiss & Co.,
No. 49 WAI.I. ST., NEW VOKK,
AMD

308

inONTAGVE

ST.,

BROOKIilTN.

THE CHRONICLE!
^kU ^tpasit (£>amvKnUs,
The

Safe Deposit Co.,
OF NEW TOBK,

Tlie First Establlsbed In the World,

OFFERS UNEQUALLED SECURITY.
140, 142 Jfc 146 Brc^dway.
FRANCIS H. JKNKS, President.

CAS STOCKS
AND

MANHATTAN

GAS SECURITIES,

Safe Depositee Storage Co

Street Railroad Stocks and

Bonds

AND ALL KINDS Of

346

348 BROADIXTAY,

AND CAN BE RENTED FOR A

DAY W^EEK OR

ITfONTH.

8BB GAS QUOTATIONS IN THIS PAPKU.
W. W. WALSB
Mnnber N. Y. Stock Bxchanse.

^uUxast, §ivii&tn&s, Sec,
BAILROAD COMPANIT
WESTERN
MINNESOTA (now ST. PAUL & NOKTUERN PACIFIC RAILWAY COMPANY.)

NEGOTIATED.

INVESTMENT SKCrRlTIKS
SOLD.

Notice

vided in

3c Northern Indiana Bonds.
Terre Haute & Indianapolis Stock.
Grand Rapids & Indiana Bonds and Stock.

Joliet

HACHFIEIiD,
No. 6 Wall Street.

mortgage,

WB HAKB A SPECIALTY OF THESE VKBY
SAFE SECURITIES, AND BUY AND SELL SAMS
OFFER A LIMITED AMOUNT OF DBSIB

numbered as

88
37
44
45
46
47

7S
79
80

48

84
85
86
87
88
89
00
91
93
93
94
95
HO
97
98

81
82

South Park Bonds.
WHOM

IT MAY CONCEKN
Take notice that the following numbers of South
Park Bonds have been selected and retired by the
South Park Comniisaioners in confwrmity with law
for the annual SINKING FUND, viz.: Nos. SO, 21,

TO

76
77

99

120

100

121

the first day of January. 18"^.
I'rincipal of retired bonds payable on and after
said date at the office of the South Park Commls• loners. No. 143 Raudolph Street, ChicaRO, III.

H. W.

101
104

122
123
124
123
126
127
128
129
130
ISl
133
133
184
135
136

lU
US

118
114
115
lie
117
118
11«

Being one hundred and one

(101)

Ohio Central RR. Co.,
MAIN

Mortgage Bonds and other securities, with the
amounts of assessment thereon, must be deposited
with the Central Trust Company on or before Monday,

December

Choice flrat mortgaKes In the best Farming Districts
in iowa, Missouri, Kansas and Nebraslta. Interest
paid at your own home in N. V. Exchange. Twelve
years' experience in loaning for Private Investors
and Trust Funds. Send for circular giving full particulars as to loans, references, etc. Interest from
.
date of receipt of money.
Chas. C. Nobton, Cash'r.
E. Darrow, Pres't.

Lkw

Refer to

Co.. Bahliers, N. Y. City,

Mekchants' National Bank. Chicago, Illinois.

TBE
Kansas Loan & Trust Co.
TOPEKA, KAN.
SWEET,

Pres.

Is the oldest and largest institution in Kansas,
giving exclusive attention to the Negotiating of

CHOICE FIRST MORTGAGE LOANS at high rates

of Interest. It has negotiated over 8<»,0u0,000
of these loans for Savings Banks, Insurance Companies, Estates and private parties East. Send for
circular.

Farm Mortgages
In Sams of $100 and Upwards on Indiana and Oliio Lauds.
NOTHING SAFER. ALWAYf" PROMPTLY PAID.
SEND FOR PAMPHLET.
JOS. A. nooRE,
84 East market St., Indianapolis, Ind.

.

bonds of {1,000

Chicago,

pENNSiri.TANIA

ENTBj^NCK No.

Farm Mortgage

RAILROAD

CO.

PHILADELPHIA, Nov.

3,

1884.

The Board of Directors has this day declared a
Semi-Annuai Dividend of TURBB PER CENT upon
the capital stock of the Company, clear of all taxes,
payable on and after November 29th, next, to shareholders as registered on the books at 8 P. M., Octo-

Interest and principal paid on day of mapromptly placed. Laise
No losses. Send for circular, referenoei
ana sample forms, r. M. PBHKINS. President; J. T.
WABNE, Vioe-Pre«t.; L. 11. PERKINS, SecretaiT.
CHA8. W. OILLBTT. Treae. N. F. HART. Andltor
turity In

New York. Funds

•xperlence.

JOSEPH GILLOTT'S

STEEL

I*ET»^S.

JOHN

D.

TAYLOR,

Treasurer.

ESTER & PITTSBURG RAU.ROAD

CO. and
others desiring to subscribe for the stock of the new
company, as proposed by the second mortgage bondholders of the Rochester & Pittsburg Railroad Co.,
must apply before December 1 next at the offices of

BROWN

H.

& BROS..

QNTARIO SILVER miNING COM-

all dealers TasouaHoiTT the
WORLD.
«lold Medal Paris Exposition— 1878
:

Bold bt

per share has been declared for October, payable at
the office of the Company, San Francisco, or at the
Transfer Agency, New York, on the 29th Inst.
Transfer books close on the 24th.
LOUNSBBRY & CO.. Transfer Agents.

OF THE JOCVISTITA niNOFFICE
ING CO., Mills Building,
15 Broad
No,

York, Nov.

St.,

New

12, 1884.

DIVIDEND

No.

14.

The Jocuistita Mining Company has this day declared a quarterly dividend of Fifty Thousand Dollars,

being

s.

FIFTY CENTS PEtt SHARE,

payable

at the office of Lounshery & Co., Mills Building, 15
Broad Street, on the 29th Inst.
Transfer books close on the 25th Inst.
B. P. LOUNSBBRY, President.

R.R. STOCKS.

Bds.

& F.

50 Bleecker St.

F.

5.000
lO.OUO

B'way &)th av.Bnds
B'waT&7th Av.Znds
d St.N.AMan.Av.

l(i.0il04

GO Eighth Ave.

MfM M.Nich.&Man.Av

100 Second Avenue.

50 Third Avenue.
«00 Broolilyn City.
J. *-.

10,1

0].South Kerry.

lO.OIinTlilirl Av.
lo.l-'Sd Street, small.
n.ly.'U

lu.OOO

Hronklvn City.

Dry

irels K.B.Scrip

wrs''I'Kli^diMAin,

No.

.1«

PINE STIIKBT.

N. V,

TO HOLDERS OF DEFAUIiTED
BONDS.
The undersigned
holders of

all

Invites

correspondence

with

WKSTKHN DBKAULTBD OR RB-

PUDIATED BONDS of

Cities, Counties,

Township*

or School Districts. Will purchase at best rates.
Give full description and address

T. J.

CHEW,

Fifth

JR.,

St. Joscpli, ino.

Avenue

HOTEL,
Madison Square,

NEW 1'ORK.

The Largest, Best Appointed and Most Liberally
Managed Hotel In the City, with the Most CentrM
and DellRhtf ul Location.

HITCHCOCK, DARLING &

CTOCKHOIiDERS OF THE ROCH-

PANY (Mills Bdildino), No. 16 Broad Street.
New York, November 19, 1884.
liAlTBENCE, KANSAS,
DIVIDEND No. 101.
OfflBM to investors the best securities In the market
FIRST MORTOAQB LOANS UPON IMPROVED
The Regular Monthly Dividend of FIFTY CENTS

VARMS.

FOR SALE-CITY
Shs.
1011

20 Nassau Street. N. Y.

Co.,

PINE STREET,

11

B O 3r D

TREASURER'S DEPARTMENT,

TIIE IVESTERN

STANTON,

BKOKEBS AND DEAliEBS

B'way & 7th Av.
100 Cent. P. N. & E. R.

III., Oct. 31, 1884.

TWO

WALSTON

W. OPDVKB,

J. S.

!

A quarterly dividend of
DOLLARS per
share has this day been declared on the preferred
and common stock of this company, payable on the
Ist day of December next, to stockholders of record
at the close of business hours on the 10th of Nov.
The dividend on shares registered in New York will
be paid at the office of the Company's Agents, John
Paton & Co., No. 52 William Street, New York, and
on shares registered in Chicago at the office of the
Treasurer of the Company.
C. H. FOSTER. Treasurer.

"^

C.

Flagg,
Duncan Building, Cor. Nassau & Pine Sts.

NOTICE.

ber 81st, ult.

Chairman. 52 William St,

&

Reed

bonds must bo presented and delivered to
& Co., bankers, 26 Na-sau
Street, New York City, for account of the undersigned trustees, on or before tho first day of May,
188.">.
The interest on any bond not delivered by
that day shall tliencetorth wholly cease.

GEO. M. NOBLE, See

1884.

Ue-organization Committee.

said

^COMPANY,

1,

CHARLES J. CANDA.
D. B. HALSTEAD.
GRINNELL BURT,

Messrs. Winslow. Lanier

S.

NEOOTIATED BY THE
First National Bank, Corning, Iowa.

lilNE.

re-orKanizatfon can now be procured
from the undersigned. To avail of its benefits. First

each.

The

HAKMON,

Secretary South Park Commissioners.

OCTOllEl^2-^ 1SS4.

T. B.

298. 585, 591.

The plan of

CHARLEMAGNE TOWER, Trustees.
WILLIAM LANB.
Safe Investments.
7 PER CENT BONDS and MORTGAGES riHICAGO & AI.TON RAILROAD

GlLUAK, Sox A

idi3,

1,001, 1,002, l,0t)7, 1,045. 1,050. 1.05<. 1,055, 1,074. 1,086.
1,093, 1,097, 1,102, 1,110, 1.113. 1,142. 1,165, 1,167.
Interest will cease on aforesaid bonds on and after

follows:

10!
104
IDS
lua
107
lOS
100
110

f<S

56
57
58
59
eO
IS

31
32
83
81
85

PRICE.

the outstanding bonds of

ail

49
50
51
52
63
54

28
27
28
29
30

Car Trust Bonds.

&

tlie

15
16
17
18
19
20
21
22
23
24
25

& Henderson Ist mortgage Bs.
Rome Watertown & Oedensburg Ists and 2de.
Oswego & Home Bonds.

WB

FAR^ MOB TO AGES.

experience enables ns to operate with absolute safety.
As our national prosperity is based uion its agricultural interests, and as a 'Urst lien is always the best, it
will be conceded that first mortgages unon improved
.1 arms at one-third value are
as near bed^.itk as can
be readied. Investors s)ionld call upon us for infor-

hereby given that the undersigned, the

said Issue, namely, bonds

GalTCrton Houston

ABLB CAR TRUST ISSUES, ADDITIONAXLY
SECURED BY THE DIRECT OBLIGATION OF
THii UAIL.ROAD EQUIPMENT COMPANY.
CO.,
POST, MARTIN
No. 34 PINE STEEET.

is

trustees under the mortgage dated May 1, 1881,
made bv said company to us, to secure an issue of
140 bonds of $I,00o each, all of that date, have designated, and we hereby call in, for redemption, as prtt-

WANTED:

AT MARKET

CENT.

Our negotiations tire upon improved fanns, in
amounts not exeeeding 40 per cent of tlieir valuf. Laroe

150. 181, 105. 221. 230. 2(M), 268, 280,

OF

Stock Privileges

E.

115 Broadway, Neiv York,

lAyDSPER

631.668.687, 601.709,719.815,896.844. 914, 927. B76,

Quo. H. PBENTIgS,

AI.BEKT

The Corbin Banking Co.

24,36,44.47,51.64.102.110,120. 121.183,141. 144,155.

IN.

BOUGHT AND

^ittatictal.

matiofK

NEW YORK.
Comer of Leonard Street,
Safes to rent from §10 to $200 per year,

BROOKLYN SECURITIES
DEALT

&

l\ou XXXTT.

Groesbeck

CO.

& Schley,
WW VOBK.

MEMBBKS NEW YORK STOCK EXCHANQK
26

BBOAD

ST.,

Private Wire connection with Fhiladelphii^
Baltimore and Washington.

&

Spencer Trask
Bankers^

Co.,

Nos. 16 AND 18 Broad Stekkt,

Transact a General Banking Busines$i

Branch Offices:
Connected by Private Wire:

Philadelphia, 133 South Third Street.
Albany, N. Y., 65 State Street.
Providence, R. I., 13 Westminster St.
Saratoga, N. Y., Orand Union HoteL

i

mmtk
HUNT'S MERCHANTS' MAGAZINE,
THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.

RErUSISENTTINU

[Entcrcil aoconling to act of Congress, la Iho year 1884,

VOL.

by Wm. B. Dana

SATURDAY, NOVEMBER

39.

CONTENTS,

per cent.

NO.

1884.

The returns

Baltimore <Sc Ohio's Exhibit... 568
Federation
5To
and Conunerolal
En(?ll8b News
571
Commercial and Miscellaneous

5G3
564

J'lininclnl Situation

22,

for the different cities are

our usual form in the following table

THE CHRONICLE.
Clenrlng-Hoase Retiirns

The

& Co., In tUe office of tho Librarian of Congrcsa, Washington, D. C.(

Wtek Bndtitt November IS.

$783,094,678

O.Se9,584)

(3,190,471)

(6 19.300)

(495,800)

(44,788,000)

(42,798,000)

(Pr(roIeun>..l>Mt.)

(50,060,000)

(91,662,000)

t62,030.g3e
4,878,700
1,348.136
1,197,730
083.389

839,870
675.720
575,989

$75,464,635
4,983,400
1,878,324
1,269,748
099,837
851,098
893,458
548,672

t72.S30,490
$37,740,784
7,182,832
12,135,989

567

Bonds

and

In Prices at the

N. Y.

Railroad

Returns
578
Investments, and Htate, City
and Corporation Finances... 579

575

8to ka

Stock Exobance

576

1

THE COMMERCIAL
Commercial Epitome

582
582

Cotton

TIMES.

.

Boston
ProTidenoa
Hartford

l

Breadstuff^

58!)

New UuTea

I

Dry Goods

59j

Portliind

New

in

Entered at the Post Office, New York, N. T., as second-class mail matter.

TERMS OF SUBSCRIPTION-PAYABLE

IN

Annual subscription
BixmoH.
do
inoiitlis,

in

London (including postage)
do
do

Drafts or Post-Olllct^

A

Money

Orders.
furnished at oO cents ; postage on the
Volumes bound for subscribers at $1 00.

neat

eents.

lilo

cover

Is

same

la

18

Offices In England.
CoMMKKCiAL AND Financial Chronicle

in London
fMixii, 1 Drapers' Gardens, E. C. where
snbBCrlptloiis and advertisements will be taken at the regular rates,
and sinKle copies of the paper supplied at Is. each.
The office of tho Curoniclb in Liverpool is at B 15, Exchange

The

Is

office of

with Messrs.

the

Edwards &

Buildings.

WILLIAll

(OBN

O.

B. DANA.
VLOVD.

B. DANA Sc Co., Pnbllsliers,
81 William Street,
VORK.
Post Office Box 958.

llVILLIAH
\
)

79

&

NEW

-16-6
—14-1
—28-2
-5-7

$SB,«3S,gi6
8,823,300
1,363,180
1,062,538

— 1-6

88,828,000)

-4-«
-84-9

-ira
-1»7

$77,990,812

-330
-886

$44,014.98'

-16-5

13,725,258

-fO-9

I57,059,00S

$80,893,842

-29-4

$64,452,818

—van

$50,020,517
11,368,450
3,799,801
2,990.2:9

-16-8
—11-7

Columbus

1,334,879

1,545,893

83S,335

961,382

-10-7
—20-4
+2-3
-3-7
—13-3
-6-8
—14-3
-12-8

$42,701,78--

Cleveland

(44,631.948
9,030,600
3,894,131
2.S80,i98
1,512,112
2.38'.4^7

tJ0,5S0,

$75,034,153

—11-3

$84,139,315

-18-7

tlS,502,

-6-8
—13-1

$15,737,781

-ira

-270

11,100,437
3.967,442

+33-3
+3-9

8,787,915
1,936,065

-11-3
-21-8
+81-8

1,791.

$16,519,509
13,078,234
4,916,988
3,216.600
1,696,528

(36,512,

$39,426,369

-7-4

$36,019,840

-Wl

111,819.

$16,009,000

-»-5

$10,215,288

-83-«

Milwaukee

SubBi'riptions will be eontlnned until definitely ordered to be stopped.
for remittances unless made by

(-»7»
(-«W)
<-aT»

-16-2

S2
£1

ClIliOSlCI.K.

(IMJKO)
(S8.8a8,000)

$55,533,483
10,820,110
14,540,249

Clnclunatl

The publishers cannot be responsible

(-S41)

(+86-0)
(+4-8)
<-45-4)

$86,8^,560

Philadelphia
Pittsburg
Bultimoro

Cbloa^o

7s.
8s.

(«e9.MS)

+50

$10 20
6 10

prices include the Investors' Supplement, issued once In two
and fornlshed without extra charge to subscribers of the

-28-S

3)

•f»4

Total Middle....

ADVANCE

For One Year (including postage)
ForSlx Months
do
Tlii'-^B

|

PerOm*

-10«

Totul N. England

FINANCIAL C3B0NI0LB U publUhed
York every Saturday morning.

(-28

UM.
$477.210,ag(S

715,855
888.463
481,014

Sprlngaeld
Lowell

Tai COKHKECIAL AND

-«»-6

1,035,888

Worcester

I

Wttk Bndtna Nov. S

PerOmt.
|&27,IM1,795

and

compared in

:

Monetary

News
573 New York
.«ala of—
THE BANKERS' GAZETTE.
(Stocla....t\ara.)
Monpy Market, Forei^ ExQuotatlonsofStooksand Bonds 577
(Cotton.... baU:)
ebaago, U.S. Secnrities, State
Kallroad Earnings and Bank
(GraUi. .buthelt)
Range

a

Iirlti>.h

Rolntivu Viuld of Guelish and
Ainoncau Kailroud InvestuicniH
506

Municipal Indebtedness

1,01

Detroit
lodianapolls

I'eoria

Total Western..

Louis
New Orleans
St.

11,309,

Louisville
Kansas City

3,!!90,

4,280,

Memphis
Total Southern.

San Francisco....
Tntiii

sU

—1-3
—84-4

1,813,227
2,534,604

6,712.590

8,005,700

-wt
-21-»
-8-0

-11-8

-88«

4,044,787

2,804,668
1,343,308
2,'i4

1,890

1,475.115
819,090

-18-8
-2S-«
+8-9
-I-26-6

-11M>

-««

$730,028,613

$772,443,781 $1 .081,347,096

The returns received by us by telegraph from some of the
more
important cities for the five days ended with this even
CLEARING HOUSE RETURNS.
ing furnish a much more favorable comparison than the figof
election
week
With the close
a resumption of business is
ures given above in fact Baltimore, which showed a loss for
very clearly indicated through our Clearing House returns.
the week ending Nov. 15 of 16-5 per cent., exhibits an increase
Thus, for the six days ending Nov. 15 the total exchanges show
for the period embraced in the statement below of 2'1 per
an increase over the previous statement of about 42}^ million
cent.
New York also records an improvement, the falling ofif
;

Yet notwithstanding this expansion the exhibit is
unfavorable when compared with last year, the aggregate
for the week being |772,443,781, against $1,081,347,098 in
1883, or a loss of 28-6 per cent.
New York records a falling off
from last year of 33'6 per cent, of which about one-third is due
to decreased speculation on the Stock Exchange.
The sales of
shares aggregated a market value of 1106,091,000, against
$187,603,000, and if double these values are deducted from the
total clearings, the exchanges otherwise arising are found to
reach $31.'5,359,755 and $407,888,673 respectively, or a decline
of 22-7 per cent.
Outside of New York the total clearings are $244,902,026,
dollars.

being only 19-1 per cent against 32'6 per cent at the close of
week.
The speculation on the Stock Exchange more
nearly approaches the figures of 1883 than for any period since
we liegan the record; and if we estimate the value of the
shares disposed of at the average of last week's sales we find
last

two years to be $76,000,000 and $106,000,000.
would, therefore, seem that the exchanges other than those
arising through stock transactions for the five days amount
to $318,080,399 and $388,920,957 respectively, or a loss of 182
per cent against a loss of 22-7 per cent for last week.
the totals for the
It

Tive

against $298,252,424 in 1883, or a loss of 17-9, whereas the loss

week was only 108 per cent and the previous week 19-6 New York
per cent. The cities in the New England and Middle sections Salei 0/ Stock («h<.)
contribute most largely to this decUne, for, as is shown in the Boston
PhMudelpbta..
annexed statement, the Western and Southern divisions both Baltimore
exhibit an increase over the previous week in comparison with St. Louis
last

.

last year,

the former division 2'4 per cent and the latter 4*7

Day$ Ending Kov.

Total..

21.

$470,080,889

$6eo,««o,aBT

(1,146.539)

(l.«44,807)

Not recelTed

Five D'w Bnd't Nov.lA
18S«.

1888.

1884.

-18-1

(-78)
|

$3»,804.7«e
11.419,338
12.089,687

$4^8a8.S88{
11,188,264
13,488.820

-14-6
+8-1
-10-8

"m82.794.220

1661.117.5271

-18-8

PerOnt

•«M,(80,8W
(1,8M.898)

(-88^

188,146,8(1
81.878.788

-16-4

10,lf'2.772

-*8

18.888,096
$aatt.o«i.»44|

-a»7

a

THE CHRONICLE.

661

There

has

^situation,

the

been some improvement
past

week.

general

the country

at

from the point of view which lower wages suggests,
may be inclined to hold a despondent opinion of the progress
making. ]3ut it must be remembered that, commercially,
we have been very low down especially the past two
months, that many of the wage-reductions were inevitable
several weeks since but have been delayed for political
reasons, and that cheap living materially lessens the indiOn the latter point it may in general be
vidual loss.
truthfully said, that while the decline in wages relieves tlie
manufacturer and permits cheaper goods, the lessened
compensation is worth as much for living purposes or has
as great a purchasing power as the earnings of two years
disagreeable necessity is thus robbed of its chief
ago.

.solely

A

hardship, while tlirough
itself to

the

new

it

the country

is

simply adjusting

level of values.

But aside from

this incident, there is evidently

covery of tona and transactions in nearly
chandise markets.

One who expects

all

being increased.

to stand

in the

One looking

some

re-

of our mer-

to find a

rampant

XXXIX.

Thus the United States is being left
its growing burden, still straining
to hold it up.
Of course every thinking man knows that
if we continue to keep in this position it is merely a question of time when our power of endurance will fail us.
Only a few weeks since it was announced that Greece had
retired from the Latin L^nion and had negotiated a loan,
of which £4,400,000 were to be used in making prepara
is

THE FINANCIJL SITUATION.

[Vol.

toward securing a gold

tions

now

alone under

basis for its currency.

the Austrian correspondent of the

announces, what had before been merely
Austro-Hungary was also making eSorts to
standard.
The statement is that a loan of
florins is about to be placed for that purpose.
are a

little

skeptical with regard

And

London Economist
rumor,

that

adopt a gold
150,000,000

Our bankers

to the success of this

scheme, as Austro-Hungary has a debt of $1,900,000,000,
largely held abroad, the annual charge upon which is

about $76,000,000, while it still has an excessive paper
currency outstanding and a premium of about 20 per cent

on gold to overcome.
be made, and

if it is

But the
successful

effort it
it

would seem

will take that

is

to

country

also out of the list of silver consumers.

The effect of this movement upon our foreign exchange
none the less a market may be very important, not only during coming
We notice that the Econofact that a turn has been made for the better, which if not weeks, but through the year.
disturbed by the unexpected, seems likely to bring in the mist, in commenting upon the scheme, deems it advisable
new .year with more of promise than could have been for the Bank of England to hold a larger stock of
This is reflected also in the gold than it now possesses, and to do this it would
anticipated a few weeks since.
Wall Street markets. A very considerable amount of good obviously be necessary to maintain a rate which would
Since last week the
stock has been taken off the street the past ten days, and draw a supply from other countries.
a healthy reaction in prices set in, with bonds also in active 5 per cent rate appears to Iiave attracted about a quarter
If left to itself and not engineered by cliques, of a million pounds sterling from outside sources, but in
request.
the recovery (with the usual setbacks of course) bids fair the meantime the open market rate for money has fallen
So it is not unlikely that the question of a
to continue for all valuable properties which late events to 3| per cent.
have depressed so greatly. This feeling is encouraged by reduction may have to be seriously considered soon
the reasonable hope of larger earnings on our roads sooni minimum of 5 per cent, when the trade demand will only
while expenses are being cut down, so that better results justify a figure 1;^ per cent below, is a peculiar situAn official rate, however, which would at least
ation.
as to net income are anticipated.
If with these surroundings* Congress could only be throw the current demand for gold on France, where the
induced to do something for the country this Winter, the stock is large, would seem to be essential. Especially will
outlook would be truly inspiriting. Our industries are this be so if the proposed preparations are soon to be
conducted now under two severe disabilities, a burden and commenced by Austro-Hungary for collecting the amount

movement
little

following the torpor so long existing, will see

to encourage

his

views.

Yet

it

is

—

a fear. For several years there has been extracteJ from necessary for its attempted currency reform.
them over a hundred million dollars in taxes more than enough in this connection to recall the fact
sufficient to

support the Government.

This

is

a burden

It is well

that

when

which contracted to furnish
the gold, obtained a large portion of it from the United
Italy resumed, the syndicate

from which we want immediate relief. Raising money to
pay off bonds at a time of general distress is Uke a farm- States, although it cost them something, for the rates of
If we were not
er selling his seed wheat or a carpenter his tools to pay off exchange did not justify the export.
What we need at present is to reserve for engaged in that dangerous side-play with silver, such a
his mortgage.
reproductive purposes every cent of surplus we can secure, demand would be of no special moment, for nothing
and defer this bond-paying business for a more convenient would leave us that we could not profitably spare. As the
season. Then, besides excessive taxation, there is that ever- case stands, however, Congress would do wisely to keep
present fear from silver coinage which is holding enterprise in in mind the important fact that there can be no safety,
check and from which our industries require relief. The and therefore no "boom" in business until this fear the
coming session is short we know, but there is no Presiden- country is now living under is removed.
tial business to delay or influence legislation
and furtherAs already indicated, the stock market during the week
more, it is well enough to remember that the party which has partaken of the somewhat improved feeling which is
sacrificed so much to gain the silver vote did not secure a apparent in all quarters. Of course there have been fluctuasingle silver State at the late election.
In the light of that tions, mainly due to the varying rumors respecting the trunk
And, in fact, it is surprising that values
fact, do we not voice the general sentiment when we say line railroad war.
that principle, not humbug, will pay best politically here- are not wholly demoralized under the influence of that
after ?
contest, which has grown so bitter, and which every atWhat just now aggravates the situation in this particular tempt to settle or abate has thus far proved futile. There
and makes the silver coinage question a more potent influ- are many theories for explaining its continuance and measence, is the marked decline in the price of silver at London. uring its duration.
With regard to the latter question, the
This is due to several well-known causes, which we cannot Now York Central management are reported to have said
stop here to discuss; but underlying them all is the leading that it will be kept up until West Shore agrees to restore
influence that that metal has been di scarded as currency in its local as well as its through rates.
That is undoubtedly
Europe and that each jear the tendency in that direction the point of divergence, and there seems little use of
;

I

'

,

..

.

NOVEMBEn

THE CHRONICLE.

23. 1864.]

any adjustment that does not includo it, for it oould have
no permanency. There are many, however, who anticipate
~;> ddy arrangement.
Not a few think that the Now York

How

this

565

compares with other iw

year

is

ghowa

the following.

in

,1

JT't

i.iial

(

the

interest has already contracted for the iniijority of

West Shore stock, and that this fight is continued through

colUision, while the Central

improves the opportunity of

sec-

urmg the bonds. There seems to bo no kind of basis for this
the bold way m which the Central keeps up

belief except

the contest, and
ful

West

to

tlie

supposition that

it

must prove so harm-

Shore, that a compromise would be sought,

RimlnQi.

Jitnnnry
Kubninrr...,

liM.

imn.

%v»jm.

MXI.630

Dtfrrfncr.

DecrcNH*.

f»M.OI»

S09.MB

mi»ia

DCCTWM..

MHTch

170,880

IieortHo.

April

7I8.0M

7«7,88l
868.440

M»y

B78.W1
14S,8M

HO I, AM

U4.S70

Ocrreane,.

June

M0.780

88fl.»S8

I)e<'n'aj»o,.

July

eM.TM

«e8.ie8

l>ecreaA«..

Atlguflt

710.001
BS0.S04

018.l>18

1.090,008

Dccroiiso..
IloeroASC..

I4.7BS.B1S

t«,644,107

SoDtember

if

.

Total.

riecri^AHe

.

.

818,178
tOK,goe
SI0.4l>i

|l,H8a.SM

All this, however, is
to the fight was desired.
Hence in amount the decrease is heavier than in any
mere surmise and has no fact whatever to support it.
other month this year except January, March and June,
The movement in the stocks of the granger roads has in the latter two of which heavy floods reduced results.

an end

one

been

Chicago

&

of

the features

this

week.

notably

These,

Nortliwestern, were largely oversold, while the

earnings showed such heavy decreases in October and
early in

November, and

this loss in

a rumor that dividends would
ofBcially

stated,

&

however,

Northwestern

that

revenue gave color to

be reduced.
the

usual

It

is

now

dividends on

On

the other hand,

to be noted that the net for .Septem-

it is

ber were by no means small

—

in fact were the largest thus
though that is usually the case. A company
that can earn $839,000 above expenses in a single month

far this year,

certainly has elements of stability that even a large

parative decrease cannot remove.

be declared, and that after compare the earnings and expenses for four years,
these payments there will remain a surplus.
St. Paul tember and the nine months ended
September 30.
sympathized with tlie movement in Chicago & Northwest,
Chicago

will

and both rose sharply on Thursday. In the afternoon
day Rock Island was raided, but, so far as is
known, there was no substantial reason for the decline.
The bonds authorized for the construction of the new
branch road were to have been offered for sale next week,
but, owing to an error in engraving, the issue had to be
destroyed, and the new bonds will not be ready before the
middle of December.
Another feature of the week was an early rise in the
securities of the Texas & Pacific road.
The stock moved
upward one or two points, and the Rio Grande Division
bonds rose from 46 to 52. The movement was based on
reports that Mr. Gould was willing to give the bondholders representation on the board of directors, and that this
would heal the differences existing between the opposing
interests in the road; further, that the coupons on the
consolidated bonds of the Eastern Division, due December
This latter is the feature
1, would be paid in cash in full.
It will be remembered that the June
of most importance.
interest on these bonds was taken care of by the Missouri
Pacific, which bought the coupons and held them uncancelled.
Subsequently a schema for funding interest on
the various divisions was offered by the company, in which
the consolidated Eastern Division bonds were included.
The proposition was that half of each coupon for two years
should be funded on these bonds, and half for four and a
half years on the Rio Grande Division and New Orleans

Centbal Pacific.

ern,

of that

Pacific bonds.

It appears,

proposition did not

however, that assents to this

1884.

1382.

1883.

September,
Gro?8 eamlnirs

2.104.993

Operating expenses

I,3G6.48}J

2,4«6,848J
l,376.3t6|

839,508.

1,050,002|

(

Jan.

I

in

we

Sep-

1881.

t
2,405,445

I

I

Net earnings

com-

In the following

t

1

1,517.U2|

2,18tS,303

l,£3-.8a4^

»17,44»

378,333^

1 to Sept. 30.

Gross earnlafra
Operating expenses

Ift,BS0.406

lS.275.232i

19,078,621

]l,824.98l!

11.631,ia5

12.043,109

17.063.004
9.905,051

Net earnings

4.755.515

B.(M4,1U7

7,0a^.512

7.168.013

The

figures here given for the nine

months can hardly bfr

used as a criterion of the actual ordinary expense of operating the road, since the damage from floods at two separate
times

during the year materially increased the expense
But there would not appear to be the same objec-

account.

September figures. These show that some reducwas effected in this month last year,and comparing 1884 with 1882 the showing is therefore much less
tion to the

tion in expenses

unfavorable; but nevertheless net earnings, which offer thetrue test of results, are smaller than in any other Septem-

ber given, notwithstanding that the gross are greater than
they were in 1881.
The relatively large expenses now
are at once

the

pany's situation.

and

at

the

weak and the strong point in the comThey make current exhibits unfavorable

same

time,

being so large,

they present the-

possibility of better results in the future.

Bankers' balances remain nominally at 1@1:^ per cent,
and the domestic exchanges at Western interior points
still

favor the

movement

of currency to this centre.

At

the South, however, the rate

is

amounts of

have been transferred to that

silver certificates

against us, and

some large

The following
and as fast a3 exscheme was in danger of fall* statement, made up from returns collected by us, exhibits
dilemma the management seems the week's receipts and shipments of gold and currency by

come

section,

in as readily

as

our figures below indicate.

pected, and that the whole

ing through.

In this

have deemed it best to offer concessions to the the New York banks.
bondholders, and the result is the proposition above referred
Week BiuUnt f^oi: 21. 1884.
to.
It is not clear that the new arrangement has been

to

definitely determined, but
to, it

whatever form

it

takes,

if

agreed

Correnoy.

Rsctfionl by

SMppeAhy

If.T. Bank).

S.r.Banla.

(1,8(!3,000

» 3 (7.000

tl ,863,000

ft,902,000

a«M

seems certam to provide for important modifications

•l,.i0S,000

Total Rold and legal t«ndera.

of the original plan.

Ifa Interior

Movemtnt.
aaiii..ti.2s«;ooo
Lou.. 1,296.030

Loss.,

tae.ooo

was transferred in tbesbnpe of silver certiQcatea
deposit of gold In tbe Sub-Treasury.

*$l,in,'i,000 of this

Central Pacific, in pursuance of the policy of the Hunt-

bf

a,

The above shows the

bank holdings
to and from
exhibit for the month of September.
This exhibit is of the interior. In addition to that movement, the banks have
the same character as previous ones, that is, it is unfavor- lost $300,000 through the operations of the Sub-Treasury
able if anything, somewhat more unfavorable than here- and have
gained $1,400,000 by imports of
gold.
tofore.
The decrease in gross earnings proves to be larger Adding these items to the above, wo have the following'
than originally estimated, and reaches $231,355, while which should indicate the total gain to the New York
expenses have at the same time been reduced no more Clearing House banks of gold and currency for the
ington roads to furnish regulai* periodical reports of earn-

and expenses, comes promptly

ings

to

hand

with

its

actual changes in the

of gold and currency caused

by

this

movement

;

than $20,861, thus entailing a

loss in

net of $210,494.

week covered by

the

bank statement

to

be issued

tc-dajr.

—

.

THE CHRONICLE.

566

XXXIX.

[Vol.

clearly the result of a lack of

prudence and foresight, the
European investor places his money here in the most
Loss.
$39,000
Banks' Interior Movement, as above f 1.863.000
11,002,000
300,000
Gain. 1,100,000 unsubstantial and least promising of undertakings, and
Bab-Treas. operations &.gold impt>.
1,400,000
Gain, t1.0ei.000 when finally the venture is demonstrated a losing one, and
Total gold and legal tenders'
12.202,000
t3.263,000
The Bank of England gained £434,000 bullion during his money wiped away, he seems surprised, and gives vent
drawn from the interior to the most bitter of criticisms.
tte week. This represents £ 1 8 4,
We do not wish to be understood as arguing that in
and £250,000 received from abroad, and doubtless Paris
WeekBniHnt Noi:

Out of Bankt

21, 1884.

Bank Holdinoi.

has contributed her quota, for the Bank of France lost
000 francs gold, while

it

gained

8, 1 75,-

1,975,000 francs silver.

making investments here the foreign

investor should not

seek higher returns than he

home.

gets

at

On

the con-

The Bank of Germany since the last report shows an increase trary, we recognize that as the only reason why he should
The following indicates the amount go outside of his own country at all. Furthermore, it is
of 3,682,000 marks.
of bullion in the principal European banks this week and an undoubted fact that capital placed in American railroad
at the corresponding date last year.

Xorember 20, 1884.

Bank of England
Banket France
Bank of Qemianj
Total preylous

week

The Assay

..

..

Kotember

22, 1883.

Gold.

Silver.

Gold.

saver.

S.

£

a,

*

will

securities

of

would
be
content
with
receiving,
not
double
the amount he now secures, but simply an additional one
to two per cent per annum, there would be very few dis-

chaser would realize at present prices on tho shares of five

paid

$320,585 through

the

Sub-

Custom House.

can

offer,

To illustrate how much better
we have figured the yield per annum

of the leading English

are of date Nov.

mean

U.S.

Gold

Silver Cer-

Notes.

Oertifle's.

tificates.

Companies.

13.

"

20.

Total

own shares
we have

roads

British

8,

the

Tho

prices, it

the latest to hand.

amount

we

compare this

shall

taken are embraced in the following table.
said,

results

that a pur-

The

actually paid out

during the preceding twelve months.

Duties.
Gold.

"

The

of acknowledged^ standing.

dividends in each case

of—

and

railroads,

further below with the yield on some of our

should be

Consisting

" 17.
" 18.
" 19.

the investor

if

07,971,957 61,868,670 67,470.352 61,603 906
67,818,791 61,631,572 67,321,141 01,202,409

Office

$210,6C6
261,731
401,654
501,168
218,925
164,821

and

same grade;

appointments.

the following from the

Nov.14

European

better return than in

a

yield

the

19.753,137
22,062,197
41,332,900 41,210,070 38.3J8,403 40,372,056
6,886,000 20,638,000 7,078,750 21,236.250

Treasury for domestic and $1,329,356 for foreign bullion
during the week, and the Assistant Treasurer received

J><M.

securities

63
82
72
81
33
12

$5,000
5.000
4,000
8,000
9,000
2,000

$1,789,108 43

$33,000

$83,000
84,000
150,000
133,000
99,000
62,000

$31,000
42,000
36,000
133,000
22.000
32,000

131,000
211,000
223,000
119,000
C0,000

$013,000 $301,000

$311,000

Stock.

$83,-D0

Last

Market

Dividend.'

Price.

London

A Northwestern

88,423,079

London & Southwestern
*

7

£38.081.883
18,3S1,I06

Midland

Tield to
Investor.

Per Cent.

Per Cent.

4-27

163M
135«

4*51

438

5-H

2;,801,361

IS8H

4-88

9,782,888

127 i<

4-41

Average for year of last two semi-annual payments.

Taking these

RELATIVE YIELD OF EN0LI8H AND AMERI,
CAN RAILROAD INVESTMENTS.

properties

Expressions of dissatisfaction by European investors in
oar railroad properties continue unpleasantly frequent.

that

prices

in

as a standard,

from 4-27 per cent
subject

is,

we

England yield
to

find that the best

the investor
4-88 per cent

to

the risks

all

of

a

at

share

current

per annum;
fall

in divi-

bad business, one can net on
Our mail abounds with letters of complaints from corres- an average only about 4^ per cent on first-class investments
pondents on the other side, telling of the losses incurred in English railways. Now what would be the return to a,
by them in the purchase of certain American stocks and purchaser of United States properties of the same class ?
bonds, and American bankers it would seem are in con- To answer this question, we have taken the stocks of six
stant receipt of similar communications.
It is a sugges- principal companies, and computed the yield on the basis
tive as well as instructive fact that the securities so called of present dividends and prices.
By present dividends we
which these unfortunate persons hold, are almost invaria- moan the rate per annum of the latest quarterly or semibly of a class which no prudent or conservative house on annual dividend declared. Thus the Pennsylvania we have
dends as

a result

of

this side of the water would have bought themselves or figured at 6 per cent, the last semi-annual declaration havrecommended their customers to buy. And this confirms ing been 3 per cent, though in the 1 2 months 7 per cent has
what we said two weeks ago that the poor results attend- actually been paid. So the Illinois Central is called 8 per
ing foreign investments in our properties are to be ascribed cent, the extra dividend of 2 per cent last March (making
largely to the entire abandonment or neglect of the cau- 10 per cent for the year) not being considered at all.
The
tion and discrimination observed in making selections at prices given are just 10 days later than those above, being

home.

Such

of date
instances,

however,

Europe and America, corresponding risks. Like other
countries, we have here various grades of investments
some excellent, some good, some indifferent, some posiputs his

If the investor, either

money

18.

Following

Companies.

question of investments in American railroad securities
Large promises and expectations mean everywhere, in

tively bad.

Nov.

can not affect the general

American or European,

Pennsylvania
Chicago & Northwestern
Chicago Iloclt Island & Pacific..
Chicago Burlington & Quincy.
.

*

On

the table.
Bote of

Stock
OutsUnid-

Dislribufu

ing.

Per Cent.'

»94,777,850
29,000.000
41.374.863
41,960.000
79,055,000
80,428.800

Illinois Central

New York

is

Central

Market

Yield to

In vector.

Per Cent.

6
8
7
7

102
117

1I1«

802
628

8

121

6-61

e

87X

esa

5-88
6-84

6»

basis of last dividend declared.

into a dubious enterprise, simply because

it
Here the yield is from 6 to 8 per cent. The Pennsylvaan unusually large return, he must nia returns less than any other, yet yields 5-88 per cent on
take the risk which such an investment of capital involves,
The Illinois Central yields as much
the purchasing price.
and if he should come out with more experience than as 6-84 per cent, the Rock Island 6-28 per
cent, the Burmoney he hardly has good grounds for complaint. This lington & Quincy 6-61. The Northwest, which has latterly

offers the prospect of

is

well understood

by moneyed men

all

over the world,

fallen

very heavily in

and nowhere so well as in Great Britain. Yet by a strange
on the investment.
fatality which would be inexplicable, were it not so
class of propertiei

price, returns at

With

87^ over 8 per cent

these as a type of our better

milar to those for England above,

it

November

22,

THE CHRONICLE.

19841

667

appears that the investor in the United States can on the distributed in addition to the 17 per cent in stock 62 per
average got nearly 2 per cent more for hia money. Of cent in cash, an average of 6-888 per cent per year, and
course it will bo said that the buyer here incurs the risk the Pennsylvania 51^, an average or 6-388 per cent.
of a further reduction in dividends, which is correct; Could the English investor have done as well as this in his

—

but so he does abroad that is one of the peculiarities of
The fluctuations in in.
investments in share properties.

come

are greater in the United States, to be sure, since

own country V
But perhaps a

fixed

and not a fluctuating yield

is

In that case capital will seek bonds er mortgages,

desired.

shares.
The question, then, arises, how do the
two couhtries compare in this respect ? We will take, for
tural country, affected materially by the outturn of the illustration, the same roads in both countries selected
But if there is a possibility of a large falling off on above. Starting with the English roads, we give below
crops.
these accounts at one period, there is the certainty of an the situation as regards the 4 per cent debentures of each
Besides, line.
I'qually large recovery at a subsequent period.
jfrowth here is much more rapid and pronounced, and can
Titiato
Rate
Market
Ctmipanit*.
be interrupted only temporarily, while in England the
Invtttor.
Price.
Per Cmt.

we

arc so

much dependent

two branches

for our prosperity

We

of industry.

upon one or rather than

are moreover an agricul-

improvement is necessarily confined within narrow
That is a circumstance in favor of all transporbounda.

Ptr Cmt.

limit for

tation enterprises in this country.

Much has been said of late of the competition of
new lines, and this no doubt is an unfavorable feature in the situation at the moment, but how long

Northwestern..
Great Western.

£84/88,404

l»l

no

F,6T»,583

121

S-30

Midland
North Eastern
London & Southwestern.

I«,622,101

12,0^5,376

120
ISO

f!,281,760

120

Sl-8
31-8
81-8

London

St

Prices thus very closely approximate each other, and
the yield varies but little, being not above 3^ per cent per

annum. Now see the result on American roads. We
have selected in each case Bome superior grade of bond of
The New large amount, either consol or Ist mortgage, and as the
depression which has existed for some time.
York Central, for instance, lost largely even before the bonds mature at a certain fixed date, we have in calculatWest Shore began to compete for its business. Wc are ing the yield allowed for the extinction of premium at
suffering from that interruption to our growth which we maturity.
Following is the table.
jpeak of above as being possible only temporarily. Suppose
Tleldla
jtmount
Ritte of
Harliet
Tnve9tor.*
Companiet.
now there had been no interruption, would the competition
Outstand'
Interett
Per Cent.
PrUe.
Per Cmt.
of the West Shore have risen into the prominence it has,
4-SS
a
ISI
PennsylTanla, consol. mort., 1905.'»27,7eo,390
and when the present period has been tided over, will not Illinois Central (consol. mort.bds.
103
4TB
11.432,000
5
TtSl)
of New Orleans line,
the countiy find work enough for all the lines ? The era
4-82
7
12««
Cblc. & Northw.. cons, mort., 1902 1-.J,343.000
of depression is entirely exceptional and cannot at all be Chic. & Rock Isl., 1st mort., 1017
6
4'SS
12,500,000
12bH
will

be before

it

effects

now

its

influence

will

marked because

are so

be orercomc

?

Its

of the general industrial

..

when more

accepted as a guide to the future,
conditions are sure to prevail.

purchaser

who buys now

It is

favorable

assumed that the

intends to hold his securities a

Chic. Burl.
N. Y. Cent.
•

& Q.,

13,986,000

7

1S»H

4-74

*

31,000,000

7

180

4-ae

cons, mort., 1603.
H., Ist mort., 1003..

After allowing for extinction of premium at maturity.

The

yield here

is

in sharp contrast to' that abroad.

In'

and that a tem- stead of 3^ per cent as a maximum, we have 4-55 per
porary reduction in dividends will not disconcert him. In cent as a minimum, from which the yield runs up to 4-82.
that event he would seem almost certain of profitable re- These are all bonds of undoubted stability and value, as
sults, if we can judge by what has happened in the past. is evidenced by the fact that the companies pay dividends
Taking the American roads given above, subjoined is their on their stock, and also by the fact that the yield is low

number

of years, or possibly permanently,

dividend record for nine years past.
ZHvtdendt Paid.

18TB.

Illinois Centra)
Chic. &. Nonhw.(coni.)
Chic. Rock iBl. A Pac.
Chic. Burl. A Qulncy.
New York Central....

8
8

T
a

1877.

is-.s.

a
6
B
8
8
8

4

4

8
8
8

for this country

1879.

1?80.

1881.

18H2.

4M

7

8M

a

6
S

8
7
e
7
8
8

6
10

+108M

8
8

8

7
7
7
8

8

1883.

1«84.

dends the Rock Island

in

7

highest grades of bonds the foreigner can secure nearly

lOi

7
7

W per cent more than on the same grades in Great Britain.

8

It is apparent, too, that in

7
8
8

7X

no more

regular divi-

1880 paid a stock dividend of

100 per cent, and has since paid

7

on

7

in the different

years, but observe that in addition to their

for 6 per cent return

25'

-f 100
*17percent of this In stock.
Ope
per cent of this In stock.
ISO pel
per cent
•
SLncludIng
of
3f this In stO'
8tO' k.
an extraidli
dividend of 2 per cent la March
:h (out of
earnings of 1683.

Here there are some marked variations

where we look

our money, and only accept less for a superior order of
It seems clear, therefore, that even on the
investment.

per cent upon both the

new and

minimum
lured

buying such bonds he incurs
he does at home (the risk being at a
on an investment of this class), and that if he is

risk than

away by

cheap, speculative stocks or bonds, offering

an exceptionally large return, he has only himself to blame,
and the loss is to be charged not upon the whole body of

American investments, but rather upon a particular class,
which are in as bad repute in the United States as they

old stock; that the Burlington & Quincy paid a
are in Europe.
20 per cent stock dividend in the same year, and has since
paid 8 per cent and that the Illinois Central last year
;

distributed 17

per cent in the stock of

bearing 4 per cent
8 per cent.

It is

its

MUNICIPAL INDEBTEDNESS.

leased road,

The slight difficulty in the construction of the new
interest, and on its own stock is paying
undeniable that these dividends cover a amendment to the Constitution of this State suggests

period of prosperity hardly less exceptional than the pres-

both the inconvenience of the brevity that is necessary in
to be enacted by popular vote,

ent period of depression; yet, taking the average of good

drafting laws which are

and bad years, what gratifying results we get. Suppose
ah investor had bought either Pennsylvania or Illinois
Central in 1876, when both were pa3ring 8 per cent, and
had held the shares ever since, would he have reason to
regret his action now ? Both dropped to 4 per cent in the
very next year, and Pennsylvania to 2 per cent in 1878
but putting the nine years together the Illinois Central has

and which can be changed only by another popular vote,
and also the ease and frequency of amendments in New
York. It might be said that it is as easy to amend the
Constitution of the State as it is difficult to modify the

On a cursory examination of the matter
nineteen amendments, as voluminous in the

national charter.

we

find that

;

aggregate as the original Constitution, have been

made

THE CHRONICLE.

568

XXXIX.

[Vol.

Fifteen ol indebtedness as long ago as 1870.
that instrument was framed in 1846.
In its constitution
amendments have been adopted in 1874 and the adopted in that year is a prohibition upon every municipal

since

these

ten years that have elapsed since that date, and the most

corporation, great and small, in

of them have been ratified by two, three, and even six to one.
As for the question whether or not tlie amount of the

debt which, including existing indebtedness, would exceed
five per cent of its taxable valuation.
Pennsylvania fol-

sinking funds shall be deducted from gross debt, that is
a matter for judicial decision, but the common sense of
the situation is so plain that one can hardly doubt what
that decision will be.
If a man's own paper, bought by

lowed in 1873 with a provision against municipal debts
exceeding seven per cent of sucli valuation, with f-n excep-

himself before maturity, forms a part of his

liabilities,

then the sinking fund bonds owned by the city of

York ought

New

be deducted from the gross debt.
It would be a queer bankrupt law,
Otherwise, they ought.
however, which should permit a debtor to include his own
notes, so purchased, among his liabilities, and so to make
not

to

own

and entitled to a
Almost every one is now ready to

himself a creditor of his

dividend out of
admit that there
fund beyond

it.

estate,

nothing in the principle of a sinking
a convenient method of paying

is

this: that it is

the State,

to

create any

had already passed that limit.
Maine adopted a five per cent limitation in 1877. Indiana
went still further in 1881, and forbade municipal debts in
tion in favor of cities that

excess of two per

cent

Massachusetts

of the valuation.

passed a law several years ago establishing the five per

and public sentiment there

cent limit,

support of the measure that the act
as

if

were

it

a

part

of

is

is

strong in

so

as unrepealable

Numerous

the constitution.

have put a stop to the practice
of municipal aid to railroads and other enterprises.
The
Stares, at

various

recently-adopted
tion

is,

dates,

amendment

to the

so far as its limit to ten

New York

Constitu-

per cent of the real estate

a debt gradually, and secures the appropriation, period- valuation is concerned, virtually equivalent to the Illinois
In its appliically, of a sufficient amount to meet the whole debt at and Massachusetts five per cent regulation.
maturity.
There is nothing magical about it, and not a cation only to cities of more than 100,000 inhabitants it is
All the advantages of

it

the bonds be destroyed as

if

dollar of profit in the system.

can be realized just as well

And

they be retained.

if

should the question that has been

become troublesome, the

raised

legislature can settle

a simple act authorizing cities to cancel their

Then the bonds

held in sinking funds.

any

sense,

form a part

will

it

by

by no means

so thorough a reform as prudence demands.
Indeed the temptation to extravagance for the sake of promoting the growth of a city is greater in a small place than
it is

in a large one

own bonds seme upon

no longer,

in

;

and heavy taxation is more burdenit is upon
the popular munic-

small cities than

ipahties.

We are aware that a

of their respective debts.

great deal

is

be said in favor of

to

The amendment is a distinct step in a direction which the large public improvements undertaken by cities and
we must take if we would avoid great evils. Until within it is perfectly obvious that they cannot be carried out, in
a few years no restraint was anywhere put upon the crea- many cases, unless the city can incur a debt. But nearly
tion of municipal debts.
In most of the States, cities and all such enterprises will suffer nothing worse than delay
;

towns had

full

authority to contract such debts as seemed

to them expedient, and

if

there was any doubt,

legisla-

tures promptly responded to every petition for leave to

In the newly-issued Census volume (No.

issue bonds.
it

appears

tliat

proportion to

Maine has the heaviest municipal debt
the population of its cities of any State

7),

in
in

Those who know the history of those debts
are aware that enormous amounts of money were raised to
build railroads that have not paid interest on their cost,
and other sums to induce capitalists to develop water

the Union.

privi'eges

and erect

factories.

Two-thirds, in fact, of the

indebtedness of Maine towns was incurred for the purpose

of aiding

In some parts of the country partial

railroads.

or total repudiation of city and county debts has teen
in order to relieve the people from what
seemed to them an intolerable burden.
The recklessness with which money was borrowed by
counties, cities and towns reached its extent about the
time of the panic of 1873. Almost one half of the 682
millions of bonded debt owed in 1880 by the cities and
towns of the country' having 7,500 or more inhabitants
was issued in the six years 1870-7.5, inclusive. The averThe average of
-age was more than fifty millions a year.
the four years following that period was only thirty-two

and slowness of e.xecution from the restraint which experience shows must be put upon cities, and in the hot rage
of every American city to be bigger than its neighbors,
the moderating effect of such provisions will be on the
whole beneficial. Second thought would have saved many
a tax-burdened community from much grief and sorrow.
Meanwhile the irrepressible
It will do so in the future.
spirit of America will take care that no opportunity for
healthy growth is missed.
There will no doubt be some
inconveniences resulting from prohibitions that seem to
render it more difficult to seize the right moment for entering upon some large improvement, but these will be of
little consequence as compared with the security wLich is
given against reckless haste and waste.

attempted

.

An

BALTIMORE

d-

OHIO'S EXHIBIT.
& Ohio for the year ended

The.report of the Baltimore

September

we

can,

by

30, issued this

week,

is

an interesting study. In it

and
company has been subject

anah'sis, trace the effects of the various

diverse influences to which the

during the year.

Being a leading trunk

course from the unsatisfactory relations

line, it

snfiered of

existing between

such lines, from the general demoralization of rates, from the
intense

competition for through business, and from the

all branches of trade.
But behad taken possession of the people, aud sides that, the company has of late years enormously
while in some badly-governed cities there has been an increased its coal (bituminous) tonnage, and the effort of
unnecessary increase of indebtedness, the tendency in these rival systems to deprive it of some of this, as well as the
last years has been distinctly tn the right direction.
For competition between that grade of coal and anthracite,

millions.

alarm

as* to

the consequences of such whole-

depression characterizing

New York

was one

sale debt creation

•example, the net debt

of

City will be, accord-

ing to the Mayor's recent letter to Mr. Lacombe, but a
little

more than 90

Against 109

sixth in five years.

has had
oiSj

we

millions

millions

much

to

in

on the

1st of

January next.

1880, a reduction of about one-

Public opinion outside

of

the cities

do in bringing about the change.

believe, led off in the

work

of limiting

lUin-

municipal

of the features of the year.

Then

the

company

has lines into Pittsburg and Western Pennsylvania generally, the great manufactuiing district where depression
is

especially pronounced,

traffic

would be most

and whore, therefore, railroad

affected

—more

so,

perhaps, than

by

the unsatisfactory state of trunk-line business, so called.
As a partial offset, however, to loss in this wj,y, the

NovtiMBER

THE CHRONICLK.

22. 1884.]

company has had in that district somewhat more mileage
and very much bettor falicities for transacting business,
and out of

particularly in

The

all

and nearly a million dollars

The small

ceding year.

that the volume of

is

seen in earnings

$300,000

less

less

gross

in

net than in the pre-

in

loss in gross earnings is

traffic

tons increase on that stem 57

of bituminous

increase in expenses despite the diminished gross earnings

that

this

anthracite coal carriers

demand for
The passenger

ished

evidence

has been maintained, while the

'

:

Hallimore, which amounted to 2,227, .:52
1,054,821 tons in 1882-.1.

I'ittsburg.

these influences

system) about

entire

the

(on

of

result

5i9

the

In

the increase in

large

movement

may

find

own

article of coal.

of

for

the

on

largest

n

i

the-

reflects,

one reason for the dimin-

the

traffic

growing,

steadily

are

their

iWftt

toil-", ai-'

road seems also to be

from

earnings

The

same

the

over
be attributed chiefly to the lower rates realized, but the previous year is only $56,400. but the total of
partly also to heavy expenditures for renewals, betterments, the earnings is now $2,076,684, against only $1,.'?79,990
Dropping for a moment in 1880. In one kind of traffic the company appears to bo
&c., on many of the divisions.
record.

increase

is to

the discussion of the causes that have led to this large loss
of net earnings

we may say

that according to the report

steadily losing.

the company has nevertheless been able to contribute to

total in the late

surplus fund $1,910,316 during the year, raising the total

company

of this fund to $47,703,790, which represents that

of

money

amount

invested in improving, enlarging and extending

the system since the inception of the enterprise.

It will

some that the sum contributed to the fund in this
)'ear was actually $84,495 more than in the year pre-

surprise
last

ceding, notwithstanding the contraction of nearly a million

The report furnishes neither

dollars in net income.

bal-

ance sheet nor income account, but the explanation

is

found by reference to the statement for 1882-3, where we

made up

are told that the surplus in that year was

charging

off

&

$854,840

loss

after

incurred on account of the

Of

We

mean

After having delivered

grain.

29,022,895 bushels of grain at Baltimore, in 1878-79, it»

year was only 11,553,052 bushels. The
most of its grain traffic from the Ohio
Valley, where the crops have not been particularly good
for several years past.
In 1881-2, when they were a complete failure, the deliveries by the road were even smaller
namely, 8,343,240 bushels. The next year they were
somewhat better, but last year they were again poor. In
the present season the yield has been very good, but this
could count in the year ended September only for twomonths, August and September, and only on one of the
cereals, wheat.
Live stock tonnage has followed the
course of the grain movement, and also shows a much
gets

—

smaller aggregate than in previous years.

In lumber, on

no such item the other hand, as in coal, there is a steady gain, which
appeared this year, and the decrease in net earnings was bad times have not as yet checked. Thus the character of
therefore offset in that amount by this fact. The company the company's traffic has undergone very important
paid the usual 10 per cent dividends, and if we call the changes.
The following is a comparison of the items of
$1,940,316 surplus as so much additional that might have traffic mentioned, for five years.
been distributed, the earnings for the year were equal to
1879-SO.
1880-81.
1881.82.
18S2-83.
1S83-81.
23 per cent on the $14,792,560 stock outstanding.
Marietta

Cincinnati Railroad.

course,

I

As

illustrating

tained,

that

and even added

tain data in the report

the
to,

volume of traffic was mainduring the year, we have cer-

before

us.

The

traffic

statistics

furnished by the company are always meagre, but we are
informed that the tonnage of through merchandise east

and

west

reached

2,275,252

tons in

1883-4,

against

2,108,325 in 1882-3, an increase of 166,927 tons, and a
total larger

than ever before reached.

in this traffic has been uninterrupted

very decided

too, so that the 2,27

Indeed, the gain

year after year, and
tons of the present

year compare with only 435,207 tons in 1871. This
expansion has followed from the expansion of the company's system of roads

But the

—into Chicago, into

coal traffic also

shows a

furtlier

too, in a period of great depression.

Pittsburg, &c.

growth, and

The tonnage

this,

of coal,

CoalA ckecaiM (t'nH)
On main Rtoin
of wliicli for com-

2,2So,118

'

3,180,608

3,S21,22|]

421,521

380,620

2,581,537

paiiy'B

use

42.S,258

On Pittsbarg Div..
Ou Trans-Ohio Div8
Total

409,Cfl3!

l,980.102j 2,447,719

378,917

678,041

4,388,856

4,539,627

5,047,016

E,688,383. 6,392,675

693,902

959,668

007,08 <
6,586 814
691,719

4,935,9J0

2,iOJ,\iOl 2,157,1)06

Carried to Baltimore.

Flour

bbla.

Wheat

bufch. 16,409,300 12,572.332

Corn

bUf»h.

8,510,456

6,728,287

Total ^rain of all
kinds
biisli 25,362,696 20,329.858
Live 8t^)ck
tons.
165,151
i:5,B-5
Lumber
ton^*.
54,53j
79,003
ThrougU merch'd'hO,
West.tous.
.t<&
1,980,397
2,014,110
£a

With
system,

70',935t

8,343,240 12,770,392 ll.653.0S2
90,330
82,187
80,284
03,332
107,398
93,266
2,013,227

2,1 03,325'

these preliminary remarks as to the

we

will

traffic of the-

already stated.

What

There
in

division or divisions have

Beginning with the main stem, we

is

net, as

made the

find that the

decrease in gross is only nominal, $73,000. This at firstsight

seems surprising, for trunk-hne business has been notoriously bad.
But the gain in coal traffic, we have seen, has

reveals that the bulk of the been extraordinarily
on the main stem, which has raised its loss in other items of

from 2,581,557 tons

2.275.252

be better able to understand the fluctua-

tions in the earnings of the different divisions.

loss?

717.25S

6.633,4431 6.415,530
3,47?,940'

tons in 1882-3, and but 3,390,975 tons in 1878-79.
Thus there has been an increase in the past year of 724,292
tons, which is all the more remarkable that on the Pittsburg
division there was a loss of 244,434 tons, so that the gain
on the other divisions must have been near to a milHon

Closer examination

906.458

684,096

a loss of $300,000 in gross and $1,000,000

tons.

43P,912

1,-21,256
312,454

coke, &c., aggregates 6,392,675 tons, against only 5,608,383

increase occurs

3,268,521

I

large,
traffic.

and

this

The

no doubt

offset the

fact that this coal traffic

3,268,521 tons, an augmen- had to be carried at very low rates, and that through
have already referred to the freight also commanded poor figures, would account for
fact that the company had to meet the competition of the augmentation of $121,560 in expenses, which, with
rival lines on this traffic, and the report states that vigor- the decrease of $72,881 in earnings, gives a loss of $lt)4ous measures were taken to protect the coal interests of 441 in net. On the Parkersburg branch, which is simply &
the road in Maryland and "West Virginia, by meeting all link in the through line to St. Louis, we may suppose the
cuts or rebates made by the Clearfield region in Pennsyl- result uninfluenced by the coal traffic, and there we find a
vania, "even though the rates were low and in some cases loss of $95,364 in gross (about 13 per cent), and $118,33S
total

tation of 686,904 tons.

to

We

unremunerative." It is this policy chiefly that has brought in net. But it is the Pittsburg division (Pittsburg & Conabout the large increase on the main stem, after very nellsville line) that accounts for the greater part of the
heavy additions in previous years and despite great indus- loss which the system has sustained. This is brought out
trial depression,

and

it is

to

bo noted that of the 686,964

in the following instructive

and useful

table,

showing tb©

.

.

.

.

THE CHRONICLK

670

[Vol.

XXXIX.

earnings and relative profitableness of each division of the

the expense account.

entire system for five years.

on the Pittsburg division is the gain on the Chicago division, which however is turned into a loss of $84,000 in net
earnings by a heavy augmentation in expenses.
That this
division (which above all others would be unfavorably

1881-82.

1880-81.

Main Stem

1882-83.

iBallo. to

Wh'litm and Br^nches)11,229,880 11,122,260 10,556,570 11,579,839 11,506,058
Grosa earnings
6,056,899 6,275,644 5,983,626 6,147,656 6,260,216

affected

Expenses

Net earnings..

6,172,981

4,846,616

6,432,183

4,572,044

6,237,742

ness)

314,406
67,009

{part ial)

Net camiuga

353,570
•160,037

346,505
124,257

354,356
133,103

335,944
155,613

246,497

860,160
488,331

Expenses

712,158
639,736

024,665
516,594

738,527
478,466

613,163
501,440

72,422

108,071

260,061

141,723

1,006,025

087,402
672,470

1,103,839
716,050

1,109,773

.

Cent. Ohio IKo. iBellalr

1,003,566
692,112

Expenses

Not earnings...

777,758

311,454

793,135

351,248

.

386,343

352,100

Net earnings.
Bental
Bnrplua

847,222
1638,368

899,792
787,418

040,769
706,068

099,128
707,347

208,854
189,350

112,374
104,350

234,701
194,350

291,781
194,350

261,70(1

19,504 def .8 1,976

97,431

62,360

1,548,991
982,320

] ,638,602
1,185,592

1,692,007
1,246,600

1,878,167
1,304,664

2,046,881
1,557,893

566,674
63,754

453,070
46,871

446,407
47,815

673,503
48,013

488,988
60,369

612,920
391,031

406,109
391,016

398,592
386,837

525,490
388,957

428,610
390,954

121,889

15,183

11,755

50,380
41,786

53,557
52,463)

69,380
68,229

72.091
40,070

141,896
128,275

1,094

1,161

82,021

13.621

43,788
85,337

112,125
95.467

1,016,508
754,808

109,350

lU.)—

Expenses

Net earnings..
Taxes

Remainder
t

..

37,665

WhetUnn Pitts. 4 Bait.
(WheeVgtaWaah.Pa.)Qross earnings

Expenses

Net earnings
Pi! tab. Soutliern (Washton, Pa., to Pittsb'To.)-

..

Net

8,45:

16,668

New'rk S07n.Sc Straitsv
(X^w'rk,0.,to SWwiitt)-

Gross earnings

Expenses

Net earnings

224,649
136,390

177,30,-

135,751

188,937
176,859

164,781
145,269

88,259

41,64!

13,078

19,512

ll!8.5S3

167,775

CumherlanA & Br's)~
Gross earnings

Expenses

Net earninga.....
Interest

2,238,482
1,226,055

2,600,548
1,376,075

2,979,789
1,437,664

3,813,172
1,834,807

2,204,827
1,252,095

1,011,827

1,124,473

678,858

678,858

1,542,125
678,807

1,478,275
681,725

1,042,132
083,408

1863,318

11790,550

358,080

Surplns.
Tot of all lines op'rat'd-

18,317,740 18,403,877 18,383,875 19,730,837 10,436,608
10,330,770 11,390,478 10,929,213 11,034,014 11,676..307

Expenses

Net earnings..
*
t

11
5
II

7,986,970

7,073,398

8,705,823

7,454,662

7,760,301

Includes Large amounts spent for improvements, &c.
Includes $10,000 paid In settlement of accounts.
Tills item is charged to the.iuterest account of the Main Stem.
Out of this $456,374 Tvas paid for constmction of double track.
Out of this $503,213 was spent for additional double track, Ac.

not surprising that this Pittsburg diijision should

It is

have

lost so largely in

the former

both gross and net

—the decrease

in

$518,345, and in the latter $436,143.
As
already remarked, this division runs through the manufacturing district of Western Pennsylvania, and it is there
is

that the existing depression
traffic

&

is

alone on this division

244,434 tons, as

we have

particularly

suffered

felt.

On

the Pittsburg

may be said of the Wheeling Pittsburg
on the latter the decided increase in

Baltimore, but

taken at least as evidence that there has

been some growth of

traffic as

new route.
Though net earnings

a result of

The

coal

a contraction of

the opening of

the

are a million smaller than last year,

with that exception, and e.xcept also the year 1879-80, they

any previous year. They

are, for instance,

$300,000 greater than in 1881-2, $700,000 greater than in
1880-81, and $1,200,000 greater than in 1878-79. This im-

provement has been possible only because of the extension
of the company's system in various directions, which, as is
known, has been very judiciously done. There was a.
time when the company's policy in this respect was called
Not to
into question, but the results have justified it.
speak of the immense additions secured thereby to the
business of the main stem, almost all the new extensions
have become self-sustaining; indeed some of them are conThus the
tributing large profits to the parent company.
Pittsburg fc Connellsville, notwithstanding the large diminution in its earnings the past year, yet had a surplus of
$358,000 above interest charges. The Chicago division
has for many years been able to take care of its
own interest. The Central Ohio division and the
Lake Erie Division, when taken together, also entail no loss,
the deficit of the one being offset

Pitts.& Co7tn'nsv.(Pifs.
to

Gross earninga

lower rates that had to be accepted.

are larger than in

Chic.Div. (Chic. Juitc.

Gross earnings

Grosa earnings
Operating expenses

It is certain that both these latter
Chicago Division, have larger gross than
The loss in net no doubt follows from the

divisions.

divisions, like the

business can be

Expenses

Surplus

Lake Erie

burg, and the same

BivANewark
Sanau*ky)—

G rosa earnings

Int.on il,600,000 1'n

did not previously pos-

409,420

def. 39,794 df. 123,842 def. 30,650 sorp. 1,446 dof . 32,783

O., fo Chicago.

it

and this no doubt proved advantageous not only to
the Chicago division, but also to the Central Ohio and

376,038

Brie.

to

through the opening of the
& Ohio was (as men-

recollect that

Southern the result has no particular significance, since
the line is merely a small link in the new route to Pitts-

Bental (35 per cent of

Lake

we

tioned in our review a year ago) afforded an entrance into

a year ago.

to Columbus)—
Gross earnings

Deficit

trunk line busi-

of

sess,

to Parkeraburg)—
Gross earnings

gross earnings)

till

Pittsburg from the West, which

Parkersb'o Br.iGTafton

Net earnings.

state

Pittsburg Southern the Baltimore

Gross earnings

Expenses

by the unsatisfactory

loss of earnings

should report larger earnings, appears somewhat

singular
WashingtoJi Branch
(Relay toWashiii^toii)—

In contrast to the

As bearing upon

the

future,

the same policy of providing

being carried out.

We

by the
it

is

to

now avenues

other's surplus.

be noted that
of trade is

have already alluded to the

still

Pitts-

burg Southern having furnished an entrance into Pittsburg for points in the West like Chicago, Sandusky, &c.
By the opening of the Cincinnati Midland (from Columbus
south) the same road will be

made serviceable for supplying

an outlet to Cincinnati and St. Louis, and thus the whole
Southwest will be brought into connection with Pittsburg over the Baltimore & Ohio system, a connection

which that system has lacked heretofore. Then the Baltimore & Ohio has come into very close relations with the
Pittsburg & Western (which lately leased the Pittsburg
Cleveland & Toledo) and this will not only open up to the
company the territory covered by these lines (between
Pittsburg and Lake Erie) but will supply very direct
routes to points like Cleveland from Baltimore and WashFurthermore, the distance to Chicago and other
ington.

But not only has the Western points is to be shortened some 25 miles by the
had to be mate- building of the Ohio & Baltimore Short Line between Conrially reduced, which of course would raise the ratio of nellsville and AVashington, Pa.
Finally the company's
operating expenses.
Besides this, however, business was line between Baltimore and Philadelphia is being rapidly
interrupted by floods in February and March, causing pushed forward, and according to the report will be comdamages the repairs of which entailed large additions to pleted by July next if the winter is not severe.

volume

seen.

of traffic declined, but rates also

<§

NovmiBER

THE CHRONICLE.

an, 1884.]

BRITISH FEDERATION.
idea of British Federation, about

Tho

Then, again,

if

671
the colonists are to bear

which we have tho expenses of the federal empire,

written several times, begins to find practical dovolopmont.
Conference composed of delegates from tho different

their share of

natoral that

is

it

they should seek representation in the federal coancila.

A

To give them a place in tho British Parliament would
and of some of the more prominent statesmen of imply a radical change in the entire govonunent
It is difficult
indeed to conceive of the
Great Britain is now in session in London. Papers have machine.
been read giving full accounts of the trade, resources, colonist.^ in tho British Parliament without something liko
population, condition and prospects of the different colo- a preliminary revolution, and we do not believe that will
be attempted.
A suggestion which seems far more
and the members of the Conference liave, as tho
nies
feasible is that, in addition to the existing Parliament tc
kind
of
material
out of attend to British affairs, just as tho separate colonial
result, become familiar with tho
parwhich the federated British empire is to bo constructed. liaments, attend to the affairs of the respective colonies,
At the meeting held on Tuesday the first really practical there should be an Imperial Parliament with certain
powers of sovereignty. Some such idea as this would
step was taken in the way of giving effect to tl^o idea.
seem to bo tlie only possible basis of union and yet, as
Provision wa.s made for the formation of a league whose
soon as suggested, it presents so many difficulties tbiat the
object should bo the securing of the permanent unity of scheme looks very formidable.
Now, however, that tho
the empire, without interfering with tho existing rights of proposal has been submitted to a representative committeo
to formulate a plan, its results will be anticipated with
tlie local parliaments in regard .to local affairs, tho comcolonics

;

;

bining on an eciuitablo basis the resources of tho empire

and the maintaining of the common

together

interests,

with organization for the defence of the common rights.
As an initial step, this is perhaps all that is necessary. It
probably

is

all

The arrangement
state of things

was

that
is

in the

possible

circumstances.

cautious and well worded.

realized

to

the satisfaction of

interest.

Such a

all

RATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
LOSDOK-Nov.
SZOHANeS AT
7.
axosuNOB ON Lonoon
|

0)1—

iKUUl

Time.

Bait.

Nov.

7 Short.

1215

Nov.
•*
Nov.
Bcrllu
»*
20-63 ®20-67
Nov.
Frankfort...
•*
l2-36!4al2-383» Nov.
VUnna
*t
Antwerp. ..
25-53%a2ft-58% Nov.
**
25-43 ^Sb-nO
Nov.
Paris
Nov.
Checks 25-25 325-30
Paris
24,i9®2-4i4
Nov.
St. Petersbg 3 mas.

7 3 mog.
7 Short.

20-44
20-44
20-44
12-20

parties

Time.

Sate.

DaU.

would, from certain points of view, be unquestionably a Amsterdam.

Short. I2213 »12-3ia
«12-5is
Araeterdnm. 3 mog. 125

most desirable consummation.
It

Hamburg..

evident that there are

is

many

reasons

why Great

The ruling

Britain should desire such a union.

classes in

••

.

United Kingdom have never forgotten the lesson
which was taught them by the secession of the American
Genoa
The same blundering policy has ever since been Naples
colonies.
the

studiously avoided.

The

desire

is

strong that the colonies

•*

25-«2isai25-«7J3

n

25-62ia»25-67»2

"

403894613
4638®ie'«

*'

31 '•9 851^

**

Madrid
Cadiz

Usbon

remain in connection with the mother country; and every- Alexandria.. ....
Constant'plo
thing is done to make that union agreeable. If any of the New York... CO days
Bombay .. ..!dem'ua
existing colonies should choose to retire, it will not be Ca cutta
Hong KonK. ....

-48^349
la 73ied.

•»

because of undue or coercive influence exercised by the
Imperial Government.

A British colony,

advantages of a very exceptional kind.

in
It

fact,

has

enjoys
all

the

freedom and self-government, without being
burdened with the naval and military expenses which are
It is natunecessarily borne by an independent Power.
benefits of

in

Is.

bonds of union.

The

In times of peace the parent wishes to

October29

;

and

in tho event of war,

is likewise not all on one side.
abundant to show that the spirit is strong
both in the Dominion of Canada and in the Australian
colonies.
It is not, however, so easy to see in what way
federation would be a gain to the colonies.
They have
already all or almost all they could expect from a federal
union, and whatever they have in the shape of advantages
There is something grand in
they have them at less cost.
the conception of a confederated British empire, in which
the colonies would be on an equal footing with the mother
But such an arrangement is not to be brought
country.
about without money and without price to the colonists.
Confederation, with all its accompanying rights and privileges, will be attended with its obligations and responsibilities, and the ultimate desire for incorporation in the
federal union will depend very much on the character of
these obligations and responsibilities.
If there is to be no
gain to the colonists if, on the contrary, there is to be
sacrifice without any corresponding benefit
the presumption is that colonial ardor will cool considerably

desire for union

Evidence

is

—

'before

8

October 15
October 22

have the trade of the children
she wants their aid.

—

such union shall have become an accomplished

fact.

•*

7

it

"
7
7 Checks

7 3 moa.
«»
7

....
..

....
....

.

Not.

7 Smog.

....

25-27
25-21

......

47-60

....
....

.••

Nov.
Nov.
Nov.
Nov.
Nov.
Nov.
Nov.

2530

5 Smos.
•*
7
7 Cables.

95T8
iio-oo
4-84

7

'*

18. 71,8*.

7

•*

Is. 7»3ad.
38. 8d.

7 4 mog.
*'
7

48. llSgd.

Ban Ac
Sultion.
t

desire to tighten the

Government should

7

(From oar own oorrespondent.J
London. Saturday, Nov. 8, 1884.
The Bank of England rate of discount was advanced on the
6th of October from 2 to 3 per cent on the 27th to 4 per cent,
and on Thursday this week to 5 per cent. The state of the
Bank account has been as follows during the last few weeks,
as far as the bullion and reserve are concerned.

nations,

that the British

'\id.

Bbaugbai

view of the changes which are taking place in
and especially in view of certain recent
other
October
colonial movements on the part of Franco and Germany, October
ral, also,

......

2003 ®20-66
2063 820-67

Proportion,

Beservc.

rate.

percent.
2
Sli-'e per cent.
3
10.'^80,819 35'4perceno.
3
10,644,127 3a\ per cent.
3
-4
10,062,009 So-'s per cent.
9,517,-.i37 3413 percent.
5
that in the course of six weeks tho

£21,799,392
20,974,828
20,489,479
20,565,017
19,832,203
1P,298,157

£11.269,932
10,473,078

38

November 6
The above figures show
supply of gold has declined from £21,799,392 to £19,298,157, or
to the extent of £2,501,235, while the reserve of notes and coin
has been diminished by £1,753,695, viz., from £11,269,933 to

The proportion of reserve to liabilities, which was
88 per cent on October 1, is now 34 '-a per cent, being a reduction of nearly 4 per cent, and the Bank rate has been raised
£9,517,237.

from

3 to 5 per cent.

These changes have led to animated discussions, and it has
naturally been asked if 5 per cent will be adequate, or if 6 per
cent will be necessary in order to check the outflow of gold. It
is quite obvious that with so small a supply of that commodity,
and with so diminished a reserve, prompt measures had become
necessary, and the advance in the Bank rate of discount from
3 to 5 per cent in so short a period indicates, in a very strong
manner, that the Bank authorities have exercised their power
without much hesitation, and indeed with much judgment.
Uncertain as the prospect

is, it

may now

be asserted that there

increase of confidence, though no great hopes are
entertained of a very brilliant future. The close of the year is
now EO near, and so large a proportion of the winter trade in
is

some

manufactured goods has been arranged, that only hand-toare possible. It is said, and we believe with a
great deal of truth, that there are an unusually large number of
arrangements or compromises being made in mercantile circles,
and more especially in " Mincing Lane " or in the grocery produce department. The only consolation to be derived from this

mouth purchases

.

K

,

,

9

.

THE CHRONICLE.

57i

that an easier as well as less expensive process is attained, by
which a new b?ginning can be made and a sounder condition
of things brought about. The very fact, however, that compromises, numerous, and in several instances important, have
been effected, argues that it would be injudicious to extend
credit too rapidly, as another period of difficulty would soon
be the result. This is not likely to be the case. The existing
crisis, or whatever it may be termed, has already been a long
and distressing one. It is a very common belief that rapid
means of communication, such as exist at the i^resent time,
have averted serious difficulties but although those means of
communication have, in that sense, been most advantageous,
they have kept f resli business largely in check. Instead of
calling their creditors together with a view to an immediate
settlement, the majority of firms who have suffered losses,
is

The quotations

making such arrangements as will enable them to meet
every obligation and maintain, in a satisfactory manner, their
credit.
In order to do this time is required, and hence the
tion of

protracted period of inactivity.

The money market has been very unsettled during the week,
but yesterday and to-day reliable rates for discount accommodations and for slioit loans have been quoted. The export
demand for gold having perceptibly diminished, there is more
confidence, and there seems to be an impression that 5 per
cent will not be exceeded.
The following are the present

money.

prices for

0pm market rates.

Interest allowed

for deposits by

Trade

Price of Silver.
d.

Dtsc't H'te

Joint
At 7 toU
Four
Three
Six
Four
Six
Thref
Stock
Months ^fonths Months Months Months Months Banks. OaU. Va^s.
\

'

Oct.
•'

"
"
"

Nov.

3
10
17
24
31
7

X-i/m

3?s9
2)i@
2J^®
3!,!®

— j2M'a - 3 @
-fim -|3 ®
- 2T<9 - 3 @
- 8 ® -|3>^S
- S«® —i @

V,ti'<ti<4

4!^nom

'

I

— 2H% - 2J^®

-|8MC9

—

1

- 2%® -\&H» - 3M@3«
- 3 ® -|3!^3 -'3Ji®»«
- 8}|S® -;3Ma3J4 3Jia - SM® - 4 ® -V/i® —
a^iiom iH-ji'/j 4?^a —4 ® —

-1

1

a
2 -2
2 -2
3 -3

2
2
8

3^

SJi 33<-4

The
Bank

following return shows the present position of the
of England, the Bank rate of discount, the price of
consols, the average quotation for English wheat, the price of

middling upland cotton, of No. 40 mule twist, fair 2d quality
and the Clearing House return for the past week, compared
with previous years:
1884.

1883.

1882,

1881.

£

«

2 1,.530,920
4,lhO,452
23,597,475

25,093,675

26,29.1.200

4, '^09,613
23,5*17,^41

Govemiu'tst-curities. 1.3.T09,9;)S

13,H79,0C8

Other securities

19,822.

2.510,3.3
23,291,300
11,231,057
22,758.340
9.712,012

Carculatlon
Public deposits

Otbordopoaits

2;^.3^7.^ lio

'..=.3

26,109,5(0
3,010.953
23 572,587
13 595.0 4
20,471 312
10,367.829

20 dwts. silver, oz.
Spun, doubloons, oz,

77 11

.

chief Continental cities

now and

for the previous three

weeks

have been as follows:
of
Interest at

yovcmher

Bank

Open

Bank
Bate.

Open
Market

Barik
Rate.

m

8

3>i

4

3

3

4
4
3

Brussels

4

3«
4«

4

Madrid
Vienna

iH

4

4
6
4

4

4

4

6

6
4

e

Paria
Berlin

Frankfort

Hamburg
Amsterdam

St.

Peterebunj.

Copenhagen

3
4
4
4

Hi
6
4

MM

5iH

60

have bean as follows:
To and from United

States.

GOLD.
1

1883.

832.

1882.

1834.

1883.

1884.

£
Great Britain's
S
£
£
£
£
93:j,lin2
,')52,700
623,923
Imports in Oct.
74,80a
380.383
155,91
Imports iu 10 raos, IS.SOl.fA-i 0,91)1, 100 9.72t,K«9 7,780,807 2.475,0081 7,142,677
48l),!i.-i0
1.110,1375; 1,5.'>1.023
2.>4,-<00!
Export«ln Oct
073,050
Exports in lOmos. 10,931,808 5,580,370 10,493,309
83,439
685,585 1,630,441
.

SILVER.
Imports in Oct..

,

Exports
Exports

704,238

.

10 inos.
in Oct....
in 10 mop.

Irapiirr.s in

7,4.'>4,220

843,373
7,0;«.4(I8

The exports of
In October
In ten mouths

nw,302
053,083
7,801,444 7,941. *?0
939,8041
829,010
7,718,385 8.701.008

07,912

15,'i,lC8

1,881,0.'4

38:).6fl3
2,4B7,39u'l

2,077,287

33,036

48.610!

8.S42

90

silver to British India were:
1882.
1SS3.
£6.50,550
£781,173
5,286,2S7
5,370,322

1881.

£46P,408
6,734,818

Tenders were received at the Bank of England on Tuesday
for £1,635,000 Treasury Bills, the

whole of which was

allotted

months' bills. Tenders at .£99 6d. will receive about 51
per cent, and above in full. The average rate was £3 lis. Ip^d,
per cent.
Tenders for the Melbourne Tramways 4}£ per cent loan for
£500,000 were opened at the Commercial Bank of Australia on
Thursday. They amounted to £310,000, at prices ranging from
£100 to £103 10s. The balance was afterwards taken at the
in three

price.

The Board of Trade returns for October and the 10 months
ended October 31 were issued yesterday. Tliey are not of an
encouraging ch.aracter. The imports exhibit a considerable
diminution, owing to the comparativoly restricted importations
of wheat and other cereals, and there is also a falling off in the
exports of about three quarters of a million sterling. There is
a large decrease in the exports of Colonial and foreign wool to
France, but a decided increase in those to Holland and Germany, The following are the totals
:

Imports

in

October

iMiports in 10

Exports
Exports

mouths

18R2.

18S3.

£34,152,015

£35,83 1,755

341,.i29,9:>2

355,li.s,I54

3-.'.^,95S,'£26

21,138,859

20,414,162
197,383,259

v 0,S77.713
203,012,057

in October
in 10 mouths

20J,80y,94.i

1884.
£31,0!IT,132

Exports of Colonial and foreign merchandise:
1882.

18«3.

18S4.

In October

£ t.7o8.(l.'i4

In lOmonths

53,158,91&

The

£6,260,(100
£6.672,000
54,513,000
66,821,000
of
leading
following are some
the
items
:

—

LMroiiT..^.
fjcto'je '."-

—

Ten monihs.-

Cotton—

From United

States. cwt.

cwt.

All ijuarters

Wheat—
United States-

cwtl, 169,807

973,878
cwt. 359,392
61,955
cwt.6,22o,903 3,326,636

Atlantic porta
Pacitlcports
All quarteis

11,988.933 12 888,045
10,955,097
7,536,022
56,146,17d 41,525,7^3

Flour-

830,r97
0,542,247
8,321,325
1,243,142 13,;51,610 12,604,816
F.Xl'ORTS TO USITKI) STATES,
rotton piece goods, .yds,4,382, 200 3 185,109 .'iS. 586,300 47.361,000
Wncu piece goods.. yds.G, 743,300 4,311,890 65,5>7,60J 61,441,090
yds. 353,100
306,800
4,6-<2,100
Woolen fabric4,619,100
yd3.4,18J,700 2,415, 7oO 30,140,500 3i,3i6,800
Worsted fabrics
1,037,291
1,506.198

United States
AUqiiarters

home-grown and foreign wheat, althougli
have been more than adequate to our requirements,
and the trade has in consequence remained dull, with a downward tendency in quotations. The quantity of wheat and
flour afloat to the United Kingdom, not including Baltic supplies, is reduced to 1,720,000 quarters, being about 100,000
quarters less than at this period last year. The increasing
visible supply in the United St ites (it being telegraphed thi^
morning as being 34,300,000 bushels) is undoubtedly exercising
considerable influence in depressing the trade. During the last
few days a moderate quantity of rain has fallen tliroughout
the country, and substantial benefits are likely to be derived,
as we have had an unusually protracted period of dry weather.
There is very little Indian corn on offer, and piices are in consequence maintained, but tlie quotation is still a very moderate
arrivals of

less liberal,

6,

Rate. Market

in the precious metals

To and from aU Countries.

The

Rata

Ing 5 grs. gold..oz.

8,Am,doub]oons.oz

The movements

d.

SOU

Cake silver ...oz.
Mexican dels, ,,oz.

I

Kes've ol notes & coin 9,517,237 12,13(5,568
Coin and bullion In
both departments.. 19,298,157 22,080,243 20,257,212 20,727,369
Froport'n of reserve
to UabiLiticfl
31-30
43%
37>4
38%
Bauli rate
5 p. c.
5 p. 0.
3p. c.
5p.
Consols
10o7,e
1U2'8
1019,
100%
EnK. wheat, av. price
32<. 3d.
40s. 3d.
40». Ua.
469, 9..
Mid. Upland cotton
579.1.
6d.
fiSjBd.
638 1,
No. 40 inuie twist..
g^sd.
95,d.
lOd.
ClearinK-Houseret'n.l31,29li,000 97,717,000 102,380,000 102,589,000
The Bank rate of discount and oi>en market rates at the

d.

Bar silver, fine. .oz.
Bar sllvor.contaln-

.

Oct. 95.

JVoti.

d.

Bar gnid, fine
oz.
Bur gold, contain'g,

minimum

Billi.

for bullion are reported as follows:

Price of Gold.

;

being able to ascertain at a brief notice the extent of the remittances they are likely to receive, have been placed in the posi-

XX UX.

[Vol.

4

Open
Market

Bank
Rate.

Open
Market

3

2%

3

4

3W

4

Wi

4

8?^

4

S>ii

Sr%

SJ.fi

4«

4«

3«
2M
2H
4«

4

3^

4
3
S

2«

3

3
8

4«
4

2H
3^
iH
2«
4J4
4

4

In reference to the state of the bullion market, Messrs.
Pixley & Abell remark:
Gold— During the week tliore have been almost daily witlidraw.als for

Hew York, the total so di«iioaed of amountliis to i218.O0O, aKain.st
which the Bank has boH,!,'lit £35,000 in Australian eoverelRusr
Thi>
BanlJ rata liavm^ iliia da,y been altered from 4 to 5 per cent, it is
improbable that more gold will Ijc taken, unless purchased in the open

one.

This

is

due, to

some

extent, to the fact that there are

ample supplies of English and foreign barley offering at very
market. The solo arri.al Is £9.540 from Urazll.
moderate prices.
SiUer, owiiiK to the total cessation of l)usiin;H9 on rndinn account, has
The following return shows the extent of the s.ales of homefallen away from.-.Oisd. (our (flotation last week> to
Oi*.^, wliich we
(|uote as this da.i 's price. The only arrival has been £ tl ,600
from ^*ew grown produce in the 187 principal markets of England and
York. 1 he -Nepau)" has taken £15,00Jaud the "Clyde" £124,000
to
1116 j^flSt
Wales during the first nine weeks of the season, together with
Mexican dollars are entirely nominal, at last rates quoted There
the average prices realized, compared with the corresponding
.

£76r2r9"to Cbina'aSd -the straitt

"" ^'"'""'^ ^"'""^ ^""^

"^^

"" ""''^'

period last s?a£on

:

.

.

1

NOVEMBEH

22, IflfU.

mat.

l'»92.

05M)IO

(in.

77ii,

">

!•

niw.710

417,HI

18

3 I4.H78
41,213

(.()."i

It

U7.1I1

143,1.12
AVKB^kOli PKICKt,
1881.
1833,

Oiita

perqr.

vriipnt

«.

rf

.<'2

11

3i

BnrU-y
Oats

4t),0;2U

H
33 11
4ii

d.

*.

41

(i

41)

ISSl.

IV

1882.
1881.
7,7,'il,110
8.301,850
of the imports of

The following return shows the extent

Kingdom during

cereal produce into the United

the

nine

first

home-grown wheat, and the
of English wheat, and other items, compared

weeks of the season,

tlie Kiles

1881.

31 10

1

183:i.
8,7!>2,9":0

O.B03.4'0

cwt.

axruBTB FuuM nav ruiiK rou tuh wkhk.

d.

20 11
21 S
Converting quarters of wheat into cwts., the total sales in
the whole kingdom are estimated as follows:
10

3

In our report of tho dry good* trnd« will be loand tb« Imports of dry goods for
Tho following i.s a
lUo exports (ezcluaivo of
specie) from the port
...... U) foreign iKirU for the
week ending Nov. 18, 1884, and from January 1 to date:

1931.

t.

of

Fortbe we«k...

..owt.
owt,

wheat

of

8ii|>|>1ies

4,0Uti,:m

2,385.07.^

2,021.228
332,911

2,J7G,.">21

C'.!'J.(i87

112,070
i1f;7i2

1,350,286
132,370
203,813

3,M'.=i,8.o

.^,7!)1,931

2,70G.51(;

,'i,SSl.!)'l

IiKilee
-fAXl<Ht

2,r,o;,S2l

2,5111,314
2.(M7,0T1
for cousuiuptiou lu

2.088,7.47

South America

iiiuo woolis

<stocka.8eiit 1 iiot beluK
Iiui>ort« of

liiu

1882.

1883,
13,263.947
2,617,071

23.217,7C9

U.K

12,0(i((.221

2,516,311

2,088.727
7,441,000

26,202,873

21,539,948
49a.

6rl.

5(1.

20,500,000

14,800,000
1,805,000

l,92i>,O00

2,38

•

Sliver,

peroz

Consols lor
Con'*".»lN

money

VO'n

for in^count
(in Paris) fr

Fr'ch reati'3

IIG
I'i.-llfl

45^8

Can.'«Tiaii Paciflc
CWc. .Mil. St. Paul...
Erie, coiiiiiion btock...

&

IllUioi.t

13.5a

120%

Central

Penuylvaula

53

Phlla(!elph)a<St Readinii

New Yori Central

I

Liverpool.

11»8
9 ' Hj

89 1«

Sat.

Mon.

11-58

8

I

9

6
7
8
6
7
Ola 5
5
5
66
46
81
6

I

6

O

Fri.

|38
l62

1«

d.

«.

<f.

9

10

9

10

8
7
8

6

H

6

9
8

6

6

6

H

9

8

G
3

6

1

6
9
6
G

7

6

u

0i«
31a

o

,',

5

Ola
5

6'i

4t
o

31

38
162

3

18 11,158
237,390
1,433,750
79,374

•6,865.8.59

18,875

302,843
30,186

$6,000

12,003,947

578 003

«l.^.llr,

33,829.8.54

li3,817

$193,000 10,621,272
814,448

France
-'icrtuan
k^'est In:'ies

s.

d.

10 9
6 8
6 6
9 8
6 6
6 3

10
6
6

9
8
6

<l

1,000

$.

Total 1884
Total 1883
Total 1882

$191,500

a

£6,6:«

208,817
68,084
83,992

17,500

59,6

"'600

8ontb America
All other oountrlea...

3,131

*1 2,0.' 4,099

$77,565
91,048
332,844

30,7501 11,356,127
54,400;
9,852,004

Foreign Trade of

New York—Monthly

IMPORTS ISTO

Dry
Ooodt.

Statement.— la

NEW TOKK.

18S4.

1883.

General
MercTian-

Oejieral

Drv

OM

5

4

5

»

66
41
HI
38

81
1

38
62

26.898,814 80,997.701
28,175.200' 3i).i-3,030

9.79S.803
5,751.403
6,810,040

88,012,098! 31,322,:,S3

September..
October.

5

5

13,598,883

April
M:iy

31a

(iia

5

11,«45,261

3S, 173,006

21,102,938! 33,048,189

18.065,979. 21,676,101] 33,742.080
6 763,148' 26,072,130 32,827,582.

—

Imports and Exports for the Week. The imports of last
week, compared with those of the preceding week, show
a decrease in both dry goods and in general merchandise.
The total imports were $.'5,998,9.54 against $8,030,001, the preceding week and $8,114,339 two weeks previous. The exports
for the week ended Nov. 1« amounted to $7,08.i,.519, again.=t
Tho
$,'),.'343,248 last week and .f 0,778,344 two weeks previous,
following are the imports at New York for tlie week ending
(for dry goods) Nov. 13 and for the week ending (for general
merchandise) Nov. 14; also totals since the beginning of the
first week in January:
FOKKIOIf IMPORTS AT HEW TOBK.

42,182,761

7,948, aSfi

20,142,303

^7,090.431
20.213,457! 36,630,760

7,42«,"i03

6,963,886

3«,114,«65| 13,078,531
23,297,518. 8&,912,S15

13,645,297
1

1,530,

W3

30,923,006

21,S02,T2«1 85,101,51)8

10,198,973

?9.825,973| 40,021.931

CtWTOMS RECEIPTS.
At New Tork.
Months.

»

January
February
March

20,793,785

28.891,,933

January

23,5S-(,860

28,426,,360

l-ebruary

23.0-J7,99S

32,094,,094

April

28,101, 404

27,237,.mn

April.. .MfM.!...)
|.May

June

23,833,833
34,0a3,2«9
29,464,029

27,867,,811

June.,..'.'...

July

31.238,113

28,803, 105

August
September
October

28,057,033

34,417,,712

20,229,537

27,018,,151

2fl,IM5.653

2«,;(r7, 165

May

Total

1882,

$1,873,709
6,772,050

tl.'<8i1,70l

7,780,141

8,36-2,734

$1,087,271
4,911,683

*8,G4i,759

89,660,812

$10,131,750

?5,9nS,9.-4

mo

Total 46 weeks. .?391,618.189 $415,199,894 $103.209.930:$377.388.8.i6

1883.

(
11,762,029
12,004,811
11.430.788

<
12,574,838

March

270,091,153 292,648.147

'

«,194,»«3

0,l»9,-i87

8,143,813

18,62 1, -31
13,108,338, 14,021,008
13,H35.196 13,288,893

JAuKUSt
September...

October

1

12,438.3(n

«,48.3.«48]

Jjly....,
I

12,191,603

9,840,8:33'

ll,987,fl6s]

18,044,7>«

1!),883.138

1I,609,6M

112. 112,618 ll«,7»l,857

Total

—

Sun-TRE.^.SURY. The following table shows the receipts
at the Sub-Treasury in" this city, as well as the
balances in tlie same, for each day of the past week :

U,

S.

Saianees.

DaU.

Paj/ment*.

Receipt*.

Ourrency.

Coin.

$
17.
18
19.
20.
21.

1.

.$101,5«9,011,ni9,8'.8,080 $11 1,430,911 $103,937,763
r-TO
273,451,0^3
290,(.79,I43; 325,341, S14 296,779,019

1884.

and payments

Nov. 15.

SitueJan.

42,445,6ia

10.708,870

18.83.

1884.

1881.

$1,818,996

ra?

40,4711,

29,854,387

EXPORTS FROM NEW YORK,

3

62

;

1883.

41,260,612

20,74(1,010

12,32-' J174

j

12,4i>3,763i 25,979,743
.

13.M5,312, 27,015,300
18,780,717

Total.... 101.433.937 2tl7,-^7,915 3i'8,786,S8»,il07,900,41l'a8M,3tO,4T3 SB7,2i(),.S8a

;

f>ry ««odB

Itotot.

iCerchan-

Ooodt.

31,3M.00l| 42,713.489
23,739,733 35.S3-,0S8
33,716,823; 38,471.22J

Aueust..

5

3

11,319,438

....

5

(>

|62

11,897,8:^1

March

July

5

66

Jannary..
Kebraary

3

Fii-st Xalional Bank of Ovid, Mich,
Capital, $30,000. No
Piesidcnt Horace N. Kcye!", Cashier,
H^irp
r. K,in8as.
Capltiil. $50,000.
3,265—The Fii St Niitional Bank of
Louis Walton, Preeldent Ct-orgo D. Thompson, Cashier.

Qen'l mer'dlse.

2,554. 93.>

dlse.

June

6
6

4i

H

3,261— The

Total

5,357,123

addition to the foregoing tables, made up from weekly returns,
we give the following figures for the full months, also issued
by our New York Custom House. The first statement covers
*
the total imports of merchandise.

6

been organized:

G in'l mer'dlse

$3,27."- ,908

Of the above imports for the week in 1884, |92,368 were
American gold coin and $33,494 American silver coin. Of the
exports during the same time, $0,000 were American gold
coin and |1,.)06 American silver coin.

6
6
6

Commevctal ami W^isctll^ntaxxs ^cwrs
National Banks. —The following national banks have lately

D.-y Koode

4,'J83,034

1(:8,715

Total Merclumdiae.

For Week.

2,677,978

3 995,784
11,114

ii37,9'.8,03fl

2,60t.

SineeJan.1.

Fri.
d,

a.

3

86
45
81
33

3,888.014
7.0OO
796,551
771,101

.

T«tal 1S84
Total 1883
Total 188<!

"8'd%"

Wed.

Tties.
».

7

11%
91%

11%
00%

ll-ll

91

I

d.

t.

Flonrfsx. State). 100 lb. 10
6
Wheat, No. l,wh. "
Sjirlnx.No. 2,n. "
6
winter. South, u "
9
Winter, West., u "
6
"
6
Cal„ No, 1
"
Cal„N<i, 2
6
"
5
Corn, mix., old...
5
Corn, luljt., new.. "
PorS, We8t.iDesB..^> bbl 66
Bacon, long clear
J4'i
Beef, pr. mess, new.^l tC|Sl
Lard, prime West. ?l cwt 38
|G2
Cheese, Am. choice

1

Tliura.

MH
100=8

49iiia! 4911,5

100.58

U. P, 4'«s of 1891
U.S. 4s of 1907

Wed.

Tuet.

50I4
5014
1011.58
lOOi^Ma lon%
|lO013u
100% lOliia 100^8 lOOl^i 100 78
78-4213 73-45
78-72ii3 78-7-.
78-77 la
116
II6I4
116
liC
lUik
12..38
12338
12514
12.138
1251a
45I3
4.=.%
46
45
46
77.58
7731
79%
77%
76 Ss
I3I4
131-j
1358
1378
)3%
119
119=8
11914
118
120
.=1219
5214
52 Sn
52=8
52%

4911,8

..<2

»26,481,370
4,352,821

0,000

^11 other countries.

3,'.>00

:

Uon.

$.

.viaxlcfl

41s.

The daily closing quotations for securities, <Sc,, at London,
and for brt^iiilstulls and provisions at Liverpool, are reported
by cable as follows for tho week ending Nov. 21
Sat.

Import*.
We€k.

West

EnsIlsU laarket Beports— Per Cable.

London.

TOBK.

S\netJan.\.\

^CiJO.l'JO

,jreal hSritain

7,751,140

21,703,!)18

1,720,000

urs.

MEW

Week.

Germany...

1881,

15,93.1,339

8.792,r00

Av'eo piiuo of i:ngllKli
wheat for aeason.urs, 32s, lid.
40j. 11(1.
Vi8llil0 8m)i>ly of wheat
bn«h.31.snn.000 30,625.000
111 t!io V. a
Aflo.it to

Sreat Britain
France

udcill aa foUowi!:

ImpurtAOf flour
2,U(i2,821
flAle* of home-KTowu
9,.^03,4f0
produce
Total

251,429
337,14i

nviill.ilile

1884,
wheat. cwt.ll,Ojl,48S

279,137,989

Jlxporlt.

4,1.10,02)

Hour

.'i08,2'lt>,l8!l

*314 035ii25 «a80.223,507

f306,200.8,''>3

aoid.

1B81.
12,06 1,221
2,6ll,«07
2.383,274

ll,0.51,.l:'-8

mill

t7,085,ftJ0

KXPORTS AHD IMPOmS OF IPCOIB AT

1882,
15,935,389

Turliaaoorn
Flour

880,016,8781 207,100,377

1884.

««.'39.6:i(,

The following table shows tlie exports and imports of specie
at the port of New York for the week ending Nov. l'>, and
since January 1, 1884, and for the correeuonoing periods in
"
1883 and 1882:

1883,
13 2K3.i)l7

Beans

1183.

$'•,109, 17

46 weeks. 63 .6,803,677

rota)

IMPOBTS.
Wlioat
Bailay
Oats
Peas

1882,

«fl.2«r,r»9]

Prav. reported..

average price
with last sea.son:

1884,

673
1

-129,201
22 1.30A

18S2.

d.

0.

I

lU

Wheat

.

1

THE CnilOXICLE.

I

BALER.

Wlipnt
Barley

.

Total.
*

1,121,8.?2

30

1,229.753 05
'2,533,6.'3 2\

878,544 95
85)7,301 31

1,459,901 70

8,121,016 81

1,037,097 73 125,951,9--'0
1.600.2-12 79 125,895.0 19
1,4^9,S^3 11 125.^91,717
1.178,628 38 12.5.UB.445
l,t-.'4,570 32 124,990,176
503,3.i885 |12S.o85.418

08
7-.'

*
8,685,673 13
8.372 o:;n 65

64
51
60
OJ, 9,6»4.:sl 98
87 9,81-y,171
57! 9.8a4,:i90
62| 9,523,480

,291,011 181.

luoludes $l,OJO,0O0 notes rooelvel from WasUlnjIoii.

—

—

-

THE CHRONICLE

574

City Debts in New Torlt State.— The effect of the debtlimiting amendment to the State Constitution is already a
practical question in New York City. The amendment provides that all cities exceeding 100,000 inhabitants shall not
incur debt exceeding 10 per cent of the assessed valuation of
the taxable real estate, and where present indebtedness exceeds 10 per cent no further debt-making is to be allowed
until existing debt is brought within the 10 per cent limit. It
appears that 10 per cent of New York's real estate valuation
Exclusive of revenue bonds and incluis some $111,000,000.
sive of bonds held in the so-called sinking fund, the total city

[Vol.

({notations In Boston, Philadelphia
SECV/RITIES.

Bid.

—

Tf abash St. Lonis& Pacific. The receivers have applied for
permission to pay the interest on certain bonds of the leased
line between Indianapolis and Michigan City. Bondliolders of
the middle division of the Indianapolis Peru & Cliicago road,
operated by Wabash, have applied for the appointment of a
receiver. They have received no interest for nearly a year,
and in January the lessee will owe them $305,000.
At St. Louis, Nov. 17, Judge Treat refused to grant the
application for the appointment of additional Wabash receivers asked for by the Central Trust Company in the case now
pending in the United States Circuit Court. Judge Treat said
that the present receivers could protect the interests of all

Cam.

2d, 6s, 1904
Cons., 6 p. c

Chat. M., 108, 1888

New 7s, reg. A

parties.

—

Attention is called to the dividend notice of the Consolidated
Gas Company of Baltimore, in the advertising columns of the
Chronicle (6th page). The dividend payable Dec. 15 is 4 per
cent and holders of Peoples' Gas Co. stock, or Consumtrs'
Mutual Gaslight stock should have their certificates exchanged
for Consolidated stock, in order to receive this dividend.

—The Ontario Silver Mining Co. of Utah announces
—

—

—

Auction Sales. The following, seldom or never sold at the
Stock Exchange, were sold at auction this week by Messrs.
Adrian H. Muller & Son:
Shar's.
I76I3
250 Second av. RR. Co
lOOTliirdav. RR. Co.... 300-302
000 B'klvn City KR.Ci>.213is-217

220
10}
200
250

Maiihattnn Gas

Jionds.

$3,000 Second a v. UR. Co. 78
honds. duo ISSS
103%
$20,000 Williamsburgh Gas
1,'tCo.

Li'tCo.'.?i>9

Harlem Gas Liglit Co. .114
N. Y. Gas I.icUt Co-.-.l-iSHi
Peou'a Coal Co
240
1 New York Soc'.y I,il)r'y.*16
20 Mt'tropo Gas I.,i'tCo..2.<8is
7fi Oriental Bank
141%
2.52 19
180 Broailway Bank

mort. tripartite b'ds,

.

14 MercliantB' Bank

12.i

St G8...10 134-105

1

$7,500 Mctropolit.an Gas l.'t
Co. Ittfs
Ill
$3,000 Central RR. & v nk.c.
Co.ot Georgia 78 neu.
IIII2
duo J8Ha
$3,000 Clev.&ToI. RR. 7s.
dne l8Sr>
IO414
$2,000 Buffiilo & Erie ER.
78, due 18SS
118=8
$10,000 Jersey City 7s, duo

Mexican Nat. RR. Co.$l ^ib.
50 Galnt8CoalACokeCo.!i!5$.(li.
50 Adilisou A NortliPeun.
Railway Co
$5^sli.
11105
lO'J&iut.
£00 Hudson Tunnel Con$12,000 Ohio Central RR.Co.
struction Co
$3»2|!8ll.
iRt 08. old, due 1020,
lOOKqultab eGasLiehtCo hi>4
Jan. coupim on
50%
30N.Y. Mutual Gas L'tCo.l20H) $25,000 Mexican Nat RR. Co.
10 Bank of New York Nat.
Istes, due 1911.... IS^
Banking Assoc'u
IGl
$2,000 G.aioes Coal & Coke
SOPenna. Coal Co
250»4
Co. IstGs, due 1913 41
40 North Rvr. Fire Ins.Co.lOSM
$8,000 Addison & No. Penn.
15 Pnllinan Palace CarCo.lio
RR.Co. Ist.diie 1913 31
50 Tradesmen's Nat.B'k.OS^-gS $20,000 Sate of Minnesota
50 Standard Fire Ins. Co. Ii4
4>« p.c. due 1912 .10414
Bonds.
$9,500 City of Monteomery,
$3,000 Nassau Gas Li^lit Co.
Ala., coup., due 1907.
of B'klyn Certs
87%
4 p»r cent until Jan.
$5,000 South Side RR. Co. of
1,1887, and 5 per ot.
iH.ng Island Ist 78.. 104
thereafter
CSV:
2.50

.

New York

Gas and City Railroad Stocks and Bonds.

GAS COMPANIES.

Par.

Brooklyn Oos- Light
Catlzens' Gas-L. fBklyn)

Bonds
Barlem
Jersey City* Hoboken..
Manhattan
UetropoUtan
Bonds
,

,

Mntuftl (N. Y.)

Bonds
Nassau (Bklyn.)
Scrip

Kew York
People's (Bklyn.)

Bonds
Bonds
WUliamsburg
Bonds
Metropolitan (Bklyn.)
Hnnlcipal

Bonds
Fnlton Mnmclpal
Bonds
Kqnltnble

Bonds

..

,

&

Co., Brokers, 49

26 2,000,0001 Var's
20 1,200,0001 Var's
1,000

2,19.000 A.
2,000,000,
7.i6,000 J.

Wall

Sate.

Amount. Period

*
5
3

NT

Street.]

Bid.

10,'84 13

Julvl,'84

AG. SHiSg'F,

"7

»8

'99 107

F.&A
60
Aug. 1,84 i:^
20
& J. /a.lHlvl, '81 1-25
60 4,000,000 Var's 6 Oct. 3, '84 2Bi
100 2,500,000 r. &A,
Oct, 14, '84 230
1,000
700,000 P. & A 3
190i
107
100 3,500,000 Quar. 2'a'Oct.lO,'84 120
1 000 1,500,000 M.JtN, 3
1902
104
26 1.000,000 Var's 2 Sept. 1,'84 i;3
Var's
700,000 M.4N, 2'a'Nov.l,'84 88
100 4,000,000 M.*N, 6 Nov. 1, '84 155
10 1.000.000 J. & J, 3 Jnno2,'84 83
1.000
4110.000 M.&N, SHliNov. l,'84 106
Var's
100,000 J. A J. 3
Oct. 1,'84 97
50 1,000.000 Quar. 2>3'0(;t. 20'84 138
1,000 1,000,000 A.&O,
lOlJ
1900
100 1,000,000
July 1, '81 90
100 3,000,000 Var's
Ooi.3. '84 205
1,000
750.000 M.&N,
1888
100
100 3,000.000
0ct.l5.'84 162
300.0110 J, & J,
1900
107
"ion 2,000.000
90
"1900"" 102
1.000 1,000,000 A.'Xa
."i

5s, i>erpetnal

Ilarnsb'g— lst,6s, 1883

U.AB.T— lst.7s,g.,1890
77=4

116

98

-..?

1st.

Atchison

7,1908
Perkloroon— l8t,68,cp.'87

74

Connecticut Klver
Conn. A Faasnrapslc
Connotton Vallcv
No,, pref.

Mass

Fltchbnrg
Flint A Pere Marquette.

87 «

Preferred
Fort Scott A Gulf
Preferred

l.W
83

«

fowa Falls Sionx City.
Kan. C. Sjirlngf. & Mom,
Ft. Smith.
Little Rock

37

Blver.. ;?20

Preforretl

t
«

PrefeiTCd.
'

„-.;

80

SunbniT

Ask.

rio"
8:»

no
120
130

270
2.ifi

123
106
115
PO
158
85
110
100
142
110
94
210
108
155

no

93
105

143^4

"ii'

Ashiabul^i A Pittsburg..
Preferred

Ist, 7s,

63, P. B.,

Catawissa

CANAL BONDS.

60 "a

OO"..

BAILR'D STOCKS. Par

Atlanta A Charlotte..
68V, Baltimore A Ohio
100

63

49 Hi

Western Maryland

61

RAILROAD BONDS,
A Chart.- 1st

Norristown ioi"

Newtown A N.Y

A

Atlanta
Inc

ll"«

RAILROAIj BONDS.

2d
Cin.

41>3

10 "a

.

A
A

Aug.- Ist.

Bait,—Ists.

Belvld'e Del.— Ist,8s.l902

2ds
No.Central — 6s,
6s, 1900, A,

105
85

107 >«
S6
105 Si

9o><
61>4

29
94
54
'85, J.AJ. 1U2

AO

68, gold. 1900,
5s, Series A
OS, Series IJ

J.AJ....

Pittsb.ACon'ells.- 7sJAJ

63
30
96 >a
58

102%

115
101 101<s
100 >« 101
1-20

I-.:!

Union UR.— l8t,gua.JAJ
Canton endorsed

1908

2d, 66, 1885

121
102

3d,es, 1887

102»<

Virginia
88
2rt,

Ist, g.,

guar., J.

AJ

J,AJ,

120'a 122
io->

108

107

107%

2d, guar. byW.Co.,J,AJ.
J
6s, .3d, guar.. J.

A

WUm.C A Aag.—8s
Wil. A Weinon— Oold.7s

A

2d, 78, 1908...

Per share.

A Tenn,— 5a

W.Md.— 6s,

Bell'8 Gap— 1st, 7s. 1893
1st. Hs, lOOi
Consol,, 68, 1913
PhU,— l8t,6s
Buff, N,Y

t

Wash.

2d8
3d3

Allegh. Val,— 7 3-lOs, '96
7s, E. ext., 1910
Inc. 78, end,, coup., '94
Ashtab. A Pitt^b.— l«t,«s

Ex-dividoad.

12ia

107

ColumbiaA Oreenv,— Ists

Lehigh Navigation
Pennsylvania
Sohnylkill Nav., x>ref...

"a

Balt,40hlo-8s„'86A,A0 101
Cen. Ohio.—6s, lst,M.A8. 106»4 107
Chart, Col.

Atlantic..

CANAL STOCKS,

60
60
60
50

Central Ohio—Com
Pref

,

69

1st pref

2d pref
Parkersburg Br

,

106
78

BAI.TiniOIlE.

,

511%
Reading
Wilm. A Bait....
Pittsb.Ciu.A St. L.— Com.
194
United N. J. Companies,
West Chester— Cons, pref.

•

107

A Del.— 1st, 68,1886
Lehigh Nav.— 6s,reg. '84.
Mort. RR., reg., 1897 ..
Cons., 78, reg., 1911
82
Pennsylv.— 68, cp., 1910..
Schuylk. Nav.— l8t,6s,rg. 1U4
2d, 68, reg., 1907

Broad Top

Preferred
Lehigh Valley
Preferred
Little Schuylkill
Mlnehill A sch. Haven..
NesQuehoning Valley
Norfolk A West'n— Com
Preferred
Northern Central
North Pennsylvania
Pennsylvania
Ptdlaitelphia A Erie

Ist, 6s, roK.,

—

Ches.

1st preferred

2d preferred
Delaware A Bound Brook
East Pennsylvania
Elmira A %V IlUamsport

West Jersey
West Jersey A

1896

Gen., 78, coup.. 1901
i\.o

A

1899

Cons. 6s, 1909

Preferred

Phila.
Phila.
Phila.

78.

W.JerseyA Atl.— 1 st,6s,0. 105
Western Penn.- 6s, coup. 106>a

A

PhU
Bnflalo N.Y.
Preferred
Camden A Atlantic

Phila. tier.

& Erie— l8l.

Suub. Hai. A W.— Ist, 6s
2d,6s,1938
Syr.Gen.A Corn.— Ist, 7s.
Tex, A Pac— 1st. 6s,1905
Consol., Hs. 19u5
Onion A Tilusv.- Ist, 7s.
United N. J.— Cons.68,'94

Warren A F.— 1st. 7s, '96
West Chester- Cons. 78..
W. Jersey- 1st, Os, cp.,'96

I

Allegheny Valley

A

515

Cons. 6s, gold, 1901...
Cons. 08, gold, 1908...
Gen., 4s, lOld, 1923...

Preferred

Preferred

A B.—73,cp.

Pitts. Titus.

PHILADELPHIA.

Hunlingd'n

103

A

Oen'ICs, 19'21
ln,onie,6», 1923
Income, 5s, 1914

143

110>4T10^

shamokinV. A Potts.— 7s
Shen. Val.— 1st, 7s, 1909

Wisconsin Central

Gap

5105

Phil. Wll.A Bait.—4a,tr.ct
Pltts.Clu.ASt.L.-78. reg

14
§10
*78

Vermont A M.iss
Worcester A Nashua

RAlLltOAD STOCKS,

1

Conv. Adj. Scrip, '85-88
Debenture coup., 18931
Scrip, 1882
Conv., 7s, R. C.,I893..«
Conv. 7s, cp.off, Jan.,'85

"a

20

Maine Central
Manchester A Lawrence,
Marq. Honghl'nAOntOn,

Bell's

Phil. AErie— 2d.7s,cp. ,'88
Cons, 6s, 1920
Cons., 5s, 1920
N.Y.— Ist
Phila. Newt.
K.— Ist, 6s, 1910..
Phil.
2rt. 7s, coup,, 1893
Cons., 7s, reg., 1911
Cons., 78, coup., 1911 ..
Cons., 68, g., I.R.C.1911
Imp,, 6s, g., coup., 1897
Gen., 63, g., coup., 1908
Gen., 78, coup., 1908. ...
Income, 78. coup., 1896
Cons. 6s, lst8er.,c.,1922
Cons. 5s, 2d 8er.,c., 1933

A

Concord

Melropolttan
Mexican Central
Nashua A Lowell
N. Y. A New Kngland ...
Northern of N. Hampsh.
Norwich A Worcester...
Old Colony
Portland Saco A Portsm.
llutland— Preferred
Hum mi t Branch

68's

102391
119 !l20ia
1231a'

C—

Camiiridto.
.Cheshire, preferred
Chic. &. West MiclilKan..
Ciuu. Sandusky & Cleve.

A
A
Louisiana A Mo.

I

123
5.

Cons., 6s, coup., 1905...
Cons., 58, reg., 1919
Pa. AN, Y,
78, I89B.

—
—

A

l:<3

1923..

Pennsylv.—Gen., 68, reg.
Gen,,8s, cp., 1910
Cons, Os, reg., 1905

& Topeka
& Pacirtc

Boston & Albany
Boston & Lowell.
Boston <fc Maine
Boston A Providence
Boston Kevero B, & Lynn

Kastern,

CAR.,

Oil City A Chic— 1 St, 68..
Oil Creek— 1 at, 6s, coup.-]

94

STOCKS.

Atlantic

2d, 7s, reg., 1910

Cons. 6s,

Ark. Val,—7s.

Rntland— 6s,
Sonora^7s

rthacaAAth.— 1st, gld.,7s
Leh.V.— lst,6s,C.AB.,'98 122 <a
N, O, Pac— 1st, 6s, 1920No. Poun.— Ist, 6s, cp.,'85
2(1,7h, cp. 1890
Gen., 7s, 1903
Debenture 6s, reg
Norfolk A West.— Oen.,6s
N. B. Div., 1st, 68.1932

Pac—7s

Oedensb.A L.Cli.— Con.68
Income
Old Colony— 7s

&

82

Cons. 6s, 1895

,

—

Local Securities.

[Oas Qnotattons by axo. a. Pbektisb

EastnnA.Vinb'y- 5s, 1920 103 >«
AWmsp't-lst,68, 1910 113

Scrip

68.,

119
117

1900-04

lEl

N. Y, <fe N, England—6s,

Pueblo

coup

6s, cp..

Cor.CowanA Allt,,deb,6s,
Delaware— Gs, rg.A cp.,V.
Del A Bound Br —1st, 7s 5117
East reuu.— 1 st, 7s, 1888 106

—

Det. L.insing
its 101st

$75,000 for October payable at company's otKce,
San Francisco, or at the transfer agency of Messrs. Lounsbery &Co., 15 Broad St., on the 39th inst. Transfers close
on the 24th. Total dividends to date $5,975,000.

dividend

Connect'K

S.— 78, 1st

<t So.

106
107

{U5

Cam. A Burl. Co.-6s, '97.
Catawissa— 1st, 7s, con, c. 5108

K. City Sp'd & Mom,— 6s
Mexican Central— 73

7s
N, Mexico

A Ambov— 6s, c.,*89

Mort., 6s, 1889
A Atl.— l8l,7s,g„'93

Cam.

K. City LawT. & So,- 6s..
K.CltvSt.Jo. <SC, B,— 78

Income

Ask

Bid.

Cons. 6.S, 19:!1
!sr, Tr. Gs, 1922
Bnff.Pltts.A W.— Oen.,6a

'

Little R. &. Ft.

and Baltimore.

N.Y.& P.— (Cont.)

Buft.

-

exceeded, and the city will not be allowed to become
in any further amount until the existing debt shall have been
reduced within the limit." BradstrecU.

XXZJX.

8ECUKITIES.

Ask.

BOSTON,
Atch. & Topeka— Ist, 78.
Laiidffrant, 78
Atlantic & Pacific— 6s ...
Income
Boston & Maine— 7b
Boston & Albany— 7s
6s
Boston & Lowell—7s
Boston A Providence—7s
debt is now $125,000,000. Of this amount the Commissioners Burl. & Mo.— Ld. gr.,78-i5
Kebraska, 6a. Kxempt
situation
is
The
hold
some
$35,000,000.
of the Sinking Fund
Nebraska, Os.Nou-ex'pt
Nebraska, 43
thus defined by Mayor Edson in a letter to the Corporation
& Passumpsic— 7s.
Counsel: "If the bonds held by the Commissioners of the Conn.
Connotton Valley—68
68
Sinking Fund are to be considered indebtedness of the city
Mass. —68, now..
within the meaning of the amendment, the limit has been East'rn,
Fort scoit & Gulf-78-...
indebted
'

.

J

In default,

5

Last price this week.

:

.

NovxHBKB

:

THE CHRONICLEL

23, 1884.J

85X, Cables, 4 85Ji'(j»4 86.
4 80.
Continental bUIa were

@5 33<^;

DIVIDBMDS.
The (allowlDC dividends have reoently been nnnounoAd
Ifamt of Oompann.

Per

Whtn

0«H(.

Payable.

:

(Dayiineiutiv

)

KallrondK,

A

I>cl»»ur,i

Iowa

1''«1U

Dec.

1

lirook (iiiur.).

.Nor.

19

City (quur.)

Deo.

1

(Jninry

.1-

llniiiiil

& Sioux

(i|iiBr.)..
..

HKW YORK. FRIDAY,

676

4

JIic JJauUcrs' ^a^cttc.

<'hlc:m'o Hurl.

:

Commercial
:

Franca,

2i;i{

^-'
reicbmarka, 01>^i§04;-g
and 04;i@»5; guildera, 89?^

14 discount, selling i^ discount

premium,

@

par; Charleoton

selling par (a 1-16

premium

buying

lOO
premium New Orleans commercial, 50 discount bank,
100 premium St. Louis. 73 premium Ciucago, 00 premium.
The posted rates of leading bankers are aa follows

aO

lioaton

;

;

;

;

P. IN.

70^9

billa

and 40.
The following wore the ratca of domestic exchange on New
York at the under-mentioned cities to-day: Savannah, buying
i^rtja-lO

NOV. 31. 1884-3

wera 4

S85@S29<^ and

;

The Money Market and Financial Situation.—Passing on
from the uncertainty

wliicli

Notrmlter 21.

environed the Presidential elecPrime

billa on
and hung as a cloud over the markets for ten days after- Prime bankerg'Rterllng
cum inerolal
Dooameutarjroomraerolal
ward, the commission stock brokers are now all ready for, Parl8(franc«)

tion

business.

buying or

It is

undeniable, however, that as yet the orders for

Amsterdam

Sixty Day$

London..

((rallders)

Demand,

4 83

«79'«

<86

4 79
..
'...'.

Frankfort or Bremen (relnhraarksl

S24!%

sai-Ta

397»

40 1«
OS

04 H

have not been so heavy but that tliey
Coins.— The following are quotations in gold for TarioQI
could easily bo handled witliout any increase of office force.
coins
The continuation of the war on passenger rates between Siverelgns
$4 83ia»$4 87'a Silver Hs and >«a. — 99^9 p«r.
Napoleons
3 85 « 3 8914 Five francs
— 92>i9 — g4U
the trunk lines perpetuates the unsettled feeling of the X X Relchmarks. 4 74 9 4 78
Mexican dollars.. — H^^v — 8*i\
X Qullders
3 9G 9 4 00
Do unciunmero'l. — B4149 _ gg
market; and if it could be positively asserted that 8 >an'liDonbluons.lS 5.3 915 65
Peruvlansolos.... — 78 9
M^x. Doubloons. .15 55 915 65
Eiijrllsh silver
4 78 9 4 84
this war and every other disagreement
between rail- F ne silver bars .. 1 0S>«3 1 09% U. 8. trade dollars— 85i«9
Fine gold bars
par/ti4prtiu. U. 8. sUverdollars— QO^f* par.
road managers tliroughout the country would be settled D mesab la dimes. — 90>a3 par
next week, and remain settled for six months, there would be
United States Bonds.— The business in government bonda
such an accession of confidence that stocks would in all prob- the past week has been very small and the market is without
features of interest. Prices have been firm and close
ability advance materially, on the basis of a higher standard
%@}i
high9r than last Friday.
of yaluations. It is preposterous to expect high rates of
The closing prices at the N. Y. Board have been as followa:
freight while produce and other merchandise are at their
Interest Nov.
Nov.
Nov.
Nov.
Nov.
Not.
present low prices; but a fair rate, such as 33 cents per 100
Periods.
15.
17.
18.
19.
20.
21.
selling stock.s

cents per bushel) on wheat by rail from Chicago to
York, ought to be established and maintained. It is
time for the railroads to stop their quarrelling and
lbs. (15

New

to maintain fair prices, in the interests of their stock and bond
holders and if the full truth could be obtained it might appear
;

that half of the ruinous cutting

is

brought about by deliberate

41.8,1891
4>«8,1891
49,1907

..

reg. q.-Mar.

-ll2?.'M12!H'*112%'ni2i»i|ni3

.coup. C ,-Mar. llHH,*1133i -113%*113\*114
..reg. C .^an. •12158 •I21»8*12ia8' I21.1ii 1:2
4s, 1907
*1215<. 121i58*l21<S8*121ia*l2108
. coap. C.-Jan.
39, option U.S. ...reg. t .-Feb. /lOOH! MOO'S '101
i*100% UOl
6s,oar'oy, '95. ...reg J. & J. •126 :*126 i*12tf
126 •12H
aj,our'oy, '96. ...reg. J.
•127 •127
J. •127
•127 '127
61, onr'oy, '97. ...reg. J. di J. •131
•131
*131 •131 •131
6»,oar'oy, '98. ...reg. J. A J. •132
•132 •lau •132 •132
Sj.onr'oy. '99. . .ree.J. A J. '133
•133 i'133 •133 •133

&

*

This

plots to depress the prices of stocks or bonds for speculative

Is

•113*t
ll4>a
I22>a

122

lOlH
•128
•130
•181
•133
•134

tbe price bid at tbe morning board; no tale was made.

State and Railroad Bonds.— There have been no transacpurposes. It is so palpable, indeed, that no line ever makes
tions in State bonds at the Stock Board the past week.
money in the long run by cutting rates (since the reduction is
The market for ra-lroad bonds has shown some improveimmediately followed by its rivals), that the conclusion seems ment, and prices for investment bonds have generally been
indisputable that such methods are too often either the result strong, the transactions being pretty well distributed. Erie
2ds have been rather more active, and West Shore 53 only
of bad management or bad purposes.
moderately dealt m, at or at>out 40, which seems to be the
Rates for call loans during the week on stock and bond colpresent limit for these bonds. Texas Pacific Rios have been active
laterals have ranged at J^ to IJ^ per cent and to-day at the
and very strong, closing to-day at 51^4< against 45 last week.
fiame figures. Prime commercial paper is quoted at
43^@5J^ Erie 2ds close at 51 J^, the same as last Friday; West Shore Ss at
per cent.
against 40J^; Texas Pacific incomes at 38, against 36 bid;
The Bank of England weekly statement on Thursday showed 40}^^,
East Tennessee 5s at .33J:^, against 54>^': do. incomes at 133^,
a gain in specie of £434,000, and the percentage of reserve to

was

liabilities

count

38 3-16, against

rate remains at 5 per cent.

-8,175,000 francs in gold

35%

last week
the
The Bank of France
;

and gained 1,975,000 francs in

dislost

against 13J^; Kansas Pacific 1st consolidated at 11}^, against
90; Oregon Short Line 6s at 87?;^', against 87; Atlantic
Pacific
1st 6s at 771.^, against TSJi; do. incomes at 16, against 15.

&

silver.

—

Railroad and Miscellaneons Stocks. The stock market
The New York Clearing House banks, in their statement of
Nov. 15, showed an increase in surplus reserve of |3,389,050, opened on Saturday, Nov. 15tli, with a weak tone, and prices
the surplus being $37,474,535 against $34,185,475 the previous declined steadily all day on Monday, however, some strength
was developed, and the market generally advanced, led by
w^eek.
The following table shows the changes from the previous Lackawanna; since then the tone has been variable with spurts
week and a comparison with the two preceding years in the of strength in one stock and another up to Thursday, when, in
the early dealings, considerable animation was shown, prices
averages of the New York Clearing House banks.
advancing quite sharply, led by Northwest & St. Paul. In
1884.
THffer'neetfr'm
1883.
1882.
the afternoon, however, this was reversed and prices became
Nov. 15.
Previous Week.
Nov. 17.
Nov. 18.
;

Loans and dig. $291.550.40f tnc .$1,262 500 $323,620,300 $314.026,.'501
„.,

Bpccle
Circulation .
Netdeposita..
.

Legal tenders.
Lc^al reserve
Bescrve held.

Bnrplus

82.:«4,e00 Inc. 2,1S7,8)0
12.211.500 Dec.
,°i5S.700
325.3^6.700 Inc. 8.272.600
36,-l59.1i>0 Inc. 3,169,400

$8l.33P.I7:. Inc ..$2,038,150
118,813,700 Inc. 5,357,200

«37,47l.'S25 tne .$3,283.0'>0

55.926,500

.'5O.9s5.4O0

l.S,417.1')<

18,(>fi5,7lll)

315.021,700 281..^94.300
26,502,100
19,284,500
$7«,755.42.- $71,148,575
82.428.600
70,269,900
$3.rt73,175

df.$878.fi75

—

Exchange. Sterling exchange has been very dull and without any important feature. The demand has t)een limited,
but commercial bills being in small supply, rates have been
firm, some drawers advancing their posted rates %c. early in
the week, and others followed on Thursday, and to-day another
advance of %c. was mjvde. The higher rates for money in

London

are necessarily felt in our rates of exchange.
To-day tne rates on actual business were as follows, viz.
Bankers' 60 days sterling. 4 81X@4 81J^; demand, 4 85>^@

weak.
Western Union and Union Paeiflc have been conspicuous
exceptions to this strength, having been weak and drooping
most of the time, under bear pressure, assisted by reports of
free selling in the Gould interest.
Rock Island has been prominent, and on large sales of this
stock the price broke to 108J^. closing to-day at 109.
Nothing new of importance has been developed to affect
stock prices, and the market is still governed principally by
the passenger rate war between New York Central & West
Shore and the fears of further cutting in passenger and freight

rates.

To-day, Friday, the tone continued weak in the morning,
on Lake Shore, but in the afternoon there wa>
more firmness, particularly in Northwest and St. Paul, and
the close was steady.
particularly

THE CHRONICLF.

676

WEEK ENDING

EXCHA.N(iE PKICES FOR

NEW YORK STOCS

AND SINCE JAN. 1,

IVOV. 21,

Sales of

Week

tl:a

Saturday,

Nov.

15.

Monday,

Tiieaday,

Nov.

Mov.

17.

Thursday,
Nov. 2U.

Weilnestiay,

Kov.

IS.

lit.

Friday,

Nov.

(Shares).

A KusqueUauua
Boston A N. Y. Ail-Line, preJ.
Burlington Cod. Ilaplds it No.

<:anadian Paciiic
<Jauada Southern
Cedar Fall.-i it MinnesotJl
Central of New Jersey
Central racific

Chosayeake

Do
Do

&

41%

Do

pref.

Northwestern

Do

pref.

Chicago Kock Inland & Pacillc
Chicago St. Louis it Pittsburg.
pref-

Paul Minn.

St.

&

40 '4

411-j

B3

3234

34 Hi
5

33I4
5

1

10

10

10

130

ll'Ji..,

1203j
7GH)

34

34

4'a

4'«
•71a

4'a

6
10

41% 42
33% 34%
•5
5%
10

8;7'2ri

12,9«7

6%

129

A

89

4ie

10
18
281a 29
8834 89
'8

'

8

4I4

4%

8

71a

834

834

18

'

29% 29%
88

90

734

73j

•15

iiii'4

-lltj
«()%

U3
24 >4

267
ia7
810
015
100

17

88% 88 14

41a
71a

4%

4%

734

734

•4%

4%

7%

lie's

10
ii7,y.'o

1,170

Do

I1U%117

12 Vj •Ilia 1212
08 V 67
68
Hi
63
U3
25 -"i
25
25

72ij

7112

71

71

"a

71

600

•31

33

11«34 117

115=4 116=4

"15" "ia
•Ilia 12'a
671a 08

12

84
6.>%

40

115% 116%
15

68%

2i%'25%

65

701a

71

71

pref.

12
*25

lB>a

9234

9313

93

2

1618
a3'4

as

Ohio

i;>ia

•III4
•25
15-8

12
25

1

15%

.

123"' i'ii"

K-ises

86%

88=4

.

leiisis
11,360

13
"

I8I4
9334

8712

88%

•534

6i,j

11%

25

16%
94

'i-iC'l-j

i25

87%

8834

13I4

15=4 16%
93% 94

123ia
•38

87%

40
89

13

113,
3Hi

9H

^h

18% 18%
43%

4234

Ohio Central
Ohio it Mississippi
Ohio Sonthern
Oregon slioi't Line
Oregon it Trans-Continontal...

13

Cvansville

"121a

]S3t
1314

Phll.adelpliia it Heartini.'
Pittsburg Ft. Wavjie it Chic...
Kich. it Alk'.ir., sfk trust ctfs

niohniond

it

Richmond

it

•534

6

11% Ji% •liiiri
3

9

9

""ijii

•1114
3

12

2%

2%

1734

193^

1814

I8I4

42 :«

43%

2I9
•17 14

Yij" "ii"
13
131a

13

13 14
13
22 '4 22 14

1314
2234

34

P't Tenninal
Pitt.sbni-g

Do

-11%

31a

31a

3 '8

11=4

3

2Vj

1314

18% 18%
42%
;

4134

2%

•17

13%

I3ii

IS -".J

.>•

18%

22% 22%
125

40
130

18% 18%
42% 42=4

2%

21,

20

32..

15% 15%
13
13%
13
13%
22
123

22"

60

lais 18%
42% 42%
2% 2%
16% 10%

9%

9^1

16

10
13

13%
'22% '22%

125

1,010
3-:,«14

3,296
1,200

100
676
7,025
1,300
2,700

110

3I4

3

Louis

6t.

Do
Do
Paul* Duluth

it S.an

15

21)0

2=4

3,376

Ogdensb.

Francisco
pref

Do

1st pref.

21
«4U

21
4

•84

87

82

82

1 la

pref

Paul Minneap.
Texas it Pacitlc
Union Piu-ilic

fit.

*

Manitoba

J ouis &. Pacific

prel

MI.»l',iL,LANE<»(f<.
American Tel. it Cable co.

641s 541a
4
41a
9
81a

Bankers' it Meich.auts' Tel....
Colorado Coal it Iron
Deluw.ire it Hudson Canal ...,
Mutual Union Telegi-aph

New York it Texas Laml Co
Oregon Improvement Ci>
Or<|gou Uatlway iS: Nav. Co

80

lO'e 11%
51 la 63
-434....
•11
1134

So

,

86

81

lO's

40%
5

•II

121-j
oli-v

5
la

12

12

8
6S>a 89 la

40

85%

84% 84%

791a
•81
1214

791-j

79

7i>

12

12%

21

83

12%

50

434....
12

60 1|

49%

12

12

ia%

53

53

63

8=4

83i

88% 88 'a

434

834

89%

21
40

9
89=

61"

4%
12',

21

22

•39
•80

401-j

86

121,

83

411%

50%

•434

6

160

•11% 13%
4

*8%

89% 90%

Pullman Palace Car Co
Quicksilver Mining
Do
pref
Western Union Telegraph

10

20

"o'dai

si'-.J

21
5034

10«"»110ia 110
•3

89%

0%
893.

110

3

'...-•..

6XI4

541a

o4i'j

5934

60?e

5914

131
•91

Anwrlcan
United States

Co

107

INACTIVE STOCKS.

107

73

SUt '51%

41a

60)4

21% 21%
73

'52"
61% 52 li
110"allOi.j Iluia llO'a 10934 109=4
fili4

30

'

lEXPKEf

51%

31

60%
135
99

-iia

30

69% 60%
131

131

•132

lio

•51
•107

91% 91%
51

10934 io93,;no7

59% 60%
Itj

134
95
00
110

400
200
200
70

81
12

2
9

14

..

Pactllc Jlail

it

22
40

49 14 50 14
•11

53
71a

121.J

•21
•37
851a

June

6

51% 52
"•3

'4%

'6i)%'66i4

131

131
96
54
10934 10934
•94

5t

20,186
239,825

Oct. 25
May 8

Ohio

it

it

,t

JniT

Unit<^d Companies of
Viiffiuia Midland
I

New Cenlrai

14%
51

8%

8

10% 22

33

Nov. 11

40
82
42

J.in. 22

85

June

Jan. 21
Jan. 23
09% Nov. 8
10 Aug. 20
23 J line 27

Feb.

•«l%

51%

."Jar.

77

92

Feb.
Feb.
Jan.

11% 23
45

Fell.

6

4% 11%

80

36
67

84%

17% 36%
13ij 33%
92% 114%
68

Aug,

93% Apr,
66 Aug
79 Aug

12%

11

94
16
41

% Mar.

1

18

..\pr.

:-;5

48%

16%

:1034

191a

9

Mar.
Mai-.

10% Fob.
2034 Feb.

17% 52%

I«8Jnnel8
14

183
15% 29=8

8%

Fob.

4% Sept.

25% Mar.

June 12

11=4 Oct.

Aug. 8

24
17=1

60%

one 30 135

2%

.May 24
July 3
Juno 26
1% J uly 24
14 Oct. 18
18 Juue27
70 July 3

32
12

Aug.

129% 138

60

96% Apr.

15
«5

J

15

20% 36%
40
69%
87 100%

-Mur-

uue 30 32=4 Jan
11

Jan.
Jan.
Feb.
Feb.
1934 Jan.
32 Jan,

4

June 27

9

280
600

49

May 20
May II! 61% Jan.

8
Oct. 17 127=4 Apr. 16
I
7 June 27 17% Mar. 17
8234 Oct. 18 114
Feb. 11
10 May 16 17% Jan. lO]
122% Jan. 7 170 Feb. 91
8=4 Juno 28' 65% Jan. 7|
60=4 June 211 112 Jan. W,
18,366 31 May 16 66=4 Mar. 17|
450 90 May 24 117 Jan. 7
3=4 June 30
6% Feb. Ill
20 Juno 20 32% Fob. 5
108,066 49 May 14 78% Fob. 16

July 15 137
102

J uiio 2

15

100
"21 io

15

40

',,'_

40

%

%

100
600

'.

oal

These are the prices bid and asked

7

7

"i'o'o

5

6

100

no sale was made at the Board.

13
65
BB

25
125

90
28

150

91%
44=4

112% 134

9%

5

46%

30

71% 88%

66% 65%

113

I

78 "v
140

Mar. 4 138
90
June 1
Jan. 9
96

% Nov. 15
%

J
.1

%

8
uly 29
an.

128
84=4
160
138
105

Nov. 21
Nov. 21
Mar. 25
Nov. 18
Nov. 18

May

93

Feb. 11

193% Mar. 21 187% 197
21 Jan. 24 20
31%
40

NOS-.21

60

% Nov. 2
11
15

Jan. 4
Feb. 21

in%Jan.

31

10 29%.lau. 29
Feb. 19 264 Feb. 19
:

102% 112%

112%
June 18 146% Apr. 18 130% 145%

•91%.

911a

39%

14

I

7|

13,

80=4 Jan. 7
13 152
Feb. 16

Apr. 12 146
J uue 24 IfO
Ma.v 15 00

69%

57

118% 140%

Apr. 21 128% 135
94%
Mar. 26; 88

May 17 61% Feb.
May 26 115 Feb.

45
98

97%

169%

17% 43
70% 10434
38%
15
29% 57-4

1,192
2,790

13 126
87

40%

33
90
94

90

70% Oct. 20 99
5%Juno27 22%
28 J uue 30 84%

210

72
39
23
34
83
103

35
80

ll%June26 29% Aug.

May

18%

4
47
21
14
15

32
16 %
24 JIar.
60 Mar.
96 Feb.

70

11%

46% 61%

Fob.
Apr.

24%.iune30

36=4

32
89
fi"* 28

Jan.
Fob.
Feb.
Feb.

6
61

49=4

21
7
19

Mar.

6%Jnno26 34% Jan.
7 June 20
20=4 Nov. 1

18

23% 83%
49% 90=8
2
14%

Ja.n.

8=4

21%

14
10
32

57% Jan.

5

83

72
109

18% Feb.
12% Nov.
42
27

19%
129%
604 64%
111% 129%
7
15%
13% 35
10
120

89%
20% 40%

tine 24 17% Apr.
7 184
May
Jnuo2" 16% Ian.
Oct. 9
6 Feb.

I

106%

83»4

Mar.

July

14 Juno27
37 14 uue 27

68%
34%

33

86

.1

Nov. 17
J.m. -W
Nov. 21

93%
100%

iO

Jan.

7 122

14

30 =B
65

Jan.

901)

8u
30

90
63

33
76
77

JUU627 71

July

63%

Apr.

,lune2ti 91% Apr.
Il%Juue27 28%,Ian.

J

68

30
38
80
38

Mar.

uly

14% May

si; =4

40% 58%

Jan.

83

2%

148

124

Mar.

Jan.

83% Nov.

7

10%
82%

50

Jan.
Feb.

June27 127
uue 26 58

9
10
20

75

Nov.

J

May

84

lll% 131%

17 Juno 21 36% Feb.
9%)nne27 23% Jan.
63% May 21) 100 June
6%Jnne20 13=4 Mar.

J

ai

24
40

Oct. 22

5
9

113%

.24H; 14'J

7% June 23 18%. Ian.

30

55

91

to 10 j

51% June 27
10
31

.'.7%

30

22%Juue24 61%.Mar.
10

1.57

il8% 127%

63-% Nov. 10 104»4 Mar.
62 May 24 7H%Mar.

June

Ontario Silver Mining
Peimsyl vauia Coal
•

134

Jtuio23

911a

N.J

Canton Co
Sutxo uiinel
Homestjke Mining CO
Maryland Coal

91% 108%
122%

U5I4 140%

20% Jan.
B%Jnno-!7 19% Jan.

Saratoga

New Orleans

8%

27

115

Jaiieai

Mississippi, pref

Bensselaer

82

36%
137%

i28

.\pr.

June 23 140

Atchison Topeka it Santa Fe.
Chicago it Alton, pre!
Joliet <t Chicago
New York Elevated

Texas

14
12

2:-.%

113% 12il%

Aug.
09 % Mar.

Nov. 14 185
June 36 61

ilO 120

34
15

Oct. 26

3% May

20
8
141 175

125
415

pref.

tSt.

ISO

179

179

19,675

& TeiTO Haute

et.'Lonis Alton

Wabash st
Dr

18% 18%
42% 431-j

150
107,751
100
"i'rf.i

13%
2"

9ii

125

Wt

it

534
534
•8
...

13

Ill

88

11%

90% May 20 133% Mar.
6%june2;< 25% J an.

"iVs 116

b6% 87%

26

17934 17934
11% 11-

100
8.310
11,5110

9

'39

'io" "lo

Danville

Kochewterit
Roiuo Watertowu

•6%

•3'lj"

20

prei

pref

it

"506
440

15% 15=4
93% 93%

123%

88% 88 "so" "s'li
I3I4 13%
13% 13%

17lt

2%

Northern Pacific

Peoria Decatur

iisbo

-2434

...

1534
931a

Western

Do

2,615

•11%

1:

26

"1614

loU
11

.

l>ref.

1314

13 >8

170

*fr

iSi

Do

Do

71

57' "57"

•7

.

—

1215

125%June24

86

61
13
23

13%Jan.

lOli

30

65^4

'26'

'50

'OOi*

122iai32ij
38
38

Kar,hv.Chaltanoogait ^^t.Lonis
Uew York Central it lludsou-

New York Chic, it St. Louis.
pref.
Do
Kew York Lack, it Western.
Kew Y'ork Lake Erie it We.^t.
prel
Do
New York it New England
Kew York New Haven it H.'irt.
Now Y'ork Ontario Western
New Y'orl; Susq. Western.

Jan.
Jan.
Jan.
Jan.
Feb.
Jan.
140% Feb.
127=4 ."eb.
67»4
15
28
17

S03iJuno2T
28 J uuo 27

84=4

48% 65%
47% 71%
10
17%
68% 90

16% Nov. 18 35 Jan.
21% June2ri 3S%Ang.

4
185
20
4,391 1 10
23 70
350
9

"2'i'"243;

71

Sept,2li

'so'o

Wo.sfn
pi-ef.

it

7II4

6

""•!:,

84

"27" "27"
60

Texas

,fc

.'uueSII

135

78
75

8 May 22 12
39% Oct. 25 90

52
3,072
'

"27"' "27

& St. Louis

127

Jan.

Aug.
June 28 80 Jan.
June 27 68% Jan.
24=4 June 27 67% Fob.
30

For Poll
Year 13S3
Low. High

50
39

650
6 June 27
810
9% June 20
100
6% Nov. 17
145 118 June 23

10

'0

71a

137 la 1371b
10U% 107%
105 lOHia 105% 1071a 106% 108
Ola
934
9% 9% •8% 915
•714

33

33

COUSOl-.j

Missouri Kansas

Fii

8H!
IHii
28»4

185
•28

llSUll?

Mi.ssouri Paciiic

Wells,

....

•10% 12

-33

10834

7»4

common.

Do

Adams

9%

71-j

12

41% 42%
33% 31%

1st pref.

Minneapolis

Norfolk

•10

4i:'a

33% 33%

10

leased line 4 l).c

Michigan Central
Milwaukee L. Shore

it

28
88

io-i'ii

Maiihattun Beach Co
Meinphi.H & Charlestou
Metropolitan Elevated

&

88

I6I2
2834
•87

10SU

Indiana Bloomingt'n it West'n li">4'l4"a
*lli-j 12>a
Lake Krie it Western
UU's Ut<'3
Lake Shore
C.i
(13
Long Island
21 '8 2S-%
Louisville it Nashville
l/ouisvllle New Albany & Chic.
Mauhattau Elevated

Do
Do
Do

42

305
810

32

5>4

.

Mobile
Morris

-6

7

27>s

prel.

Do

•10% 12

411a
333

•31

12012 121
121
1211a
74--1,
(O's (Ola
751a

9
liiHi 18

Pitt.-iburg, ffuar,

lUiuois Central

110% 121

•7

DeiiiVaro Lackawanna it West 10438
Don ver it Kio G rande
Dubufine it Sioux City
4--!i
East Tennessee Va. & Ga...

Evansvillo & Terre Haute
Greou Bay Winona & .St. Paul
Harlem pre!
Houston it Texas Central

til,

41

31% 31%

July 3 135

80% Mar. 27 00

4413

•30

1884.

120% 121% 126% 121'
4,881 107 JnnB27
76% 763j 224,1.-,U 58% June 27 94% <an.
7534 77%
74 hs 76",
74%
20.",
105% 105%
•104
105 105
lOJUlOJi. 10-134 10434 1 05 105
95%. June 27 119 .eb.
86% 87 "4 86% 87% 86% 88 la 87% »9-% 87 3j M\ 171,612 81% luu«2» 124 leb.
124% I26a„
12334 124
124 1 24 la 126 126
123 12,!>2 12234 124
2.633 117 Jnne23 149% lob.
11,763 '.00%Jnuo2y 126=4 teu.
lll'alll'a lll"4lll'4 111 lllia IKiia Hi's 108% 111% 108% 110

Cieyelaurt Col. Clnn.it Ind...

Do

441a

126

86% 86%

88

129

ISO

prel.
ife

46
31

•10

12

41

Om..

Do

Cleveland

31

(Jia

Quincy.
St. Paul

Do

•43

30-ia

d

'2dincf

it

•43 Hi.

»10

10

Istpref

*
£

4-1%

3U
*10
40

Ohio

Chicago & Alton
Chicago Burlius-ton
Chicago Milwaukee

Chicago

88

1,

1884.

Highest

21.

KAILltO.\DS.

Albany

Bange Since Jan.

1

XXXIX,

rVoL.

HIGHEST AND LOWEST PBICES.

Chicago

31

1

-.
..

8
111

9
18
-'MO

50

%

19"^

17
14

35%

280%

—

I

NOVEMBBR

....

-

I

UDOTATIONS OF STATE ANU KAILUUAD

TATB

SKfUKITlBH,

Bid.

80
mi
7a

Cla«»

11,

ClnxKC,

A», lUOtf
4ii.

1906

»«, l(l.aO«. 1000
Arkunnari— dH. rmutort
Ft. H. las.
7». I.. lliKik

A

7«,
7».
7».
78.

Mi'nui.AI..Uock
L. K.f'.B.A N.O.

MlHHourl

1H86

lis,

York-6H, reg„ 1887

1801
1892
189»
iod" N. Carollna-68, nM. J.dtJ,
Pnnillnic act, 1900
6a, loan.
en, loan,
68. loan.

110

NOVEnSES

BONUii.

BEOUKITIES.

Bid.

,

31. ISSI.
aKCOBITIKH.

A«k.'|

lax. ullclame*..

18
3

Wll.(!,<tUu.R.

!l

t5o

Oonml.

4ii.

e«.

106 >i

Aea.

a

oon.tundalilr, 1888.

40
88

Tennesiieo- flu, old, 1892-8
8muew, 1893.8.1B0O...

44
87
87

DO
88
40
S

8s,doIiMlc.l

«

Dlstrlot of Colnmbl»8.B6S, 1924

110

Registered
rnodlsgfts, isoe

"ii"

40

40
«•

..

. .

iiTipon.
i-rlwi....

6s,r

Brown counoru 6s, 1893 100
1

series, 1B14

6s. n*'w. IHdti
8b, f
6s, ,-

10ft<«

Ohlo-On, 1888
Boulh Carolina—
e». Act Mar. 33. 1869

new

0-mp-mls<i,»4:il.6s,lBIJ

Vlrglnla-6«, old

5

82

1910

1919

6k,

BM.

TennoMiee—Contlnued-

Mew bonds, J.AJ.. '98-8

BMOIal

108
109
110
11$
110
lOU
111
lis
117
•M
10

A

New

4

1890

1I !

677

N. Carolina—OonUnne<l—

74 4
64

8«, ililolSSilDr 1800....
Aflyl'iiior L'iiiv..<lu©'9a
Kuiidliig. l.-*y4.95
St. Jo. '88.
Huinlbal

100
101

"7..1HX6...'

-

BONDM.

Ask.

Bid.

Lanltliui»~7K, ^onii.,1914
Kx.m»tnrnn rniiuou

1

10
10
10
10

Ml»«. (). iSi II. U. UU.
ArkjuisftsCont. Kit.

7». gold.

BKOUBITlBa.

AlOcI

..„..

KU
KK

,

THE CHRONICLE.

33, 18S4.]

Al»t>«m»-Cliw" A, 1906.

—

.

'."".'.

RAILROAD BONDS.
SECURITIES.

8ECURITIES.

Ask.

Bid.

l>el, L.

SECURITIES.

Bid.

Manhat-H'ch Co.— 78.1909

77

BIO.

A W.-ConUu'd

Morris A Kasex- Ist, 7s 134 >s 136
113'a ....
2d. 78, 1891
llCul....
Bonds, 78, 1900
118»4 120V
7sof 1!S71, 1901
125
1st, consol., guar., 78.
N.Y. Lack.A W.-lst. 68 118 |119
87
Construction, 5b, 1923 •06

SECURITIES.
BR.—f Continued

Uiniral, 8a, 1024
96
Can. Bo.— lat. Int. guar. Ss, ^*70
2d,6s, 1013
Ki-K., 5.H, 1913
Central Iowa— let, 1», '09 102
East. Hit.— Ist, (is, 1912
111. Iliv.— 1st, Os. 1912..
Obar. Col. & Aug.— 1st. 7«

N.Y.AM B'b— lBt,7s.'97
Pa. Co.H Reg.. 1021
Marietta A Cln.-lBt, 7s.,
Pltt.C.A St.L.-l8t,c,7s!
MotropoUt'n El.— l8t,1908 107)31108
P.i'.A8t.I..-lst, reg.,7s
93 "a' 04
•2d, Us. 1K99
2d,7s.l01.'»
Mex. Cent. -Ist, 7a, 1911.
37'a!
Pitts. PtW.A Chlc.-litj
1-22
121
>ai
Mloh.Cent.- Cons.78, 1902
>a
2d. 7s, 1912
'101
102
Consol. 58, 1902
8d, 7a. 1912
CIOV.A Pltla.-(on8.s.fd.
68, 1909
Del. A Hud. Canal— iBt, 7s
'!!"!.iiV3"
Coupon, 5b, 1931
4tll.8.fd.,U8,1892...
Ist. ext, 78,1891
•
llOO)»|
llO"*'
Registermi, 5s, 1031
8t.L.V.AT.H.— I8t,g.,7s
Coupon. 78, 1894
no's' Jaok.Lan.ASag.— Bb,'91.
2d, 7s, 1898
Registered, 78, 1894 ....
:i3i
MUw. A No.-lst, Us, 1910 •si'i'M"'
2d, guar., "8. 1«98....
lat. Pa.UiT.. cp., 78, 1017 130
Ist, ea, 1884. 1913
Pitt8.B.AB.— Ist.Bs, 1911
l8t,Pa. Div., reg., 1917.
Mll.L.R.AW.-l8t,U8,192ll "99'"i';i];;; Rome W. A Og — 1 8t,78,'9
Alb. A Susn.— Ist, 78 ... iio>i
102=4
Mlnn.ASt.L.— lst.78,1927: 118'a!
Con., lat, ext.. 6s. 1922.
2d, 78. 1885
Boch.A Pitt.— Ist, Ua.l921
Iowa Ext.-lst, 78, 1909 112
Ist.cons., guar.7s,1906 l'24la
102
Consol., Ist, Bs, 19'22....
2d. 78. 1891
Rogisterotl
8'tbw.Ext.-l8t.7s,1910 113 114
Rlch.A A lleg.— 1 8t,78, 1 920
Ist, cons., eu., 6s, 1906 112^113
Pac. Kxt.— Ist, Oa, 1921. 101 il02
Rlch.A Danv.— Con9..g.,6»
Registered
Mo. K. A T.— Gen'l,0s,1920 70
Debenture 6s, 19'27
Rons. A Sar —Ist, cp.,78 1S1»< 134
'131) ~i
SSHi
General, 58. 1'.)'20
Atl.A Ch.-l «t,pf.,78, '97
Ist, reg., 7a, 1921
102 la 103
Cons. 7b, l!)04-5.0
Incomes, 190)
Denv.A Rio Or.— 1st, 1900 79 I— ..
56
45
4U
Cons. 2d, Income, 1911.. "55
Scioto Val,— l8t, cons., 7».
Ist, consol., 7s, 1910....
102
14'
H.ACent. Mo.— Ist, '901
St. L. 4 Iron Mt.-l8t. 78
Den.So.Pk.,t I'ac.— 1st, 78| 80
86
Mobile A Ohio— Now 6b.. 103 i.....
•2d. 78, 1897
Don.A RioO.Weat.-lst,08; 33

CbesniK*;ik»'

Dct.Mack.AJIani.— lst,08

Railroad Uouds.
Bxchtinar

(Stitck

PHie'.l

AIn. l'entr*\-lsM!9. ls'18
AllfK'vl.'eut— lst,()!<,ll>J2i

--

Cs, ISlll.. -----7d>«
l'»o.-l»t, Us, UPlO.l
All.
BbU.&O.— lBt,U», Prk.Ilr.; *1....
03 "a
Bnr. U. Bap.A No.- 1 st, 5s

KlnkinRfuml,

&

1

>

MInn.&St. L,.— 1 8t,7s,(ni.'
la. eity.,t West.- 1 »t, 7a!

'.'.'.'.'.'.

C.Hap.I. F..feN.— l8t,08;
Ist.oB, 1S»21
Bnff. N.Y.A P.— (•on8.,0a'
1

!

,

!
'

A Ohio —
mouev fimd.lSPS.

I

I

!

tEUz.C.AN.-8.f.,deb.,c.,0s

Cbes.O.AS.W.-M.5-Bs... ,,„
Chicago A Alton-l8t, 73.1 119
Sinking fund. Us, 1903.. *11S^
'
'" La. A Mo. Rlv.— Ist. 7s 118^1120
-•;
2d, 7s, 1900
Bt. L. Jack. A Chic— Ist lib

^Ellz.Lex.A BigSandy- 68|
Erie— Ist, extended, 78...
2d, extended, Ss, 1919 ..]
3d, extended, 4 "28, 192S
4tU. extended, 5b, 1920.

guar. (501), 78. '91

C.B.&Q.-C6nRol.78,1903 l-a's
6s. Blnklng fund, 1901.. ..-^
»o
6b, debentures, 1913...
S. fd.. ns, 1919 *10o
la.
Sinking fund. 4b, 1019,"
Denver uiv. 48, 1922..!
Plain 48, 1921
i

mv.—

C.R.I.A P.-«s,cp.. 1917 12&>4 126 "i!
68,rog., 1917
,
„
Keok. A IJCS M.— l8t. 5s 102 V,
CentralotN.J.— 1st, 1H90 H'-'t, 1 13 >8
*^s)
100
l8tcon801.a8sent«il,lH99,
Con v., assented, 7s. 1 902 98 "2 99
Adjustment, 78, 1903...! 09 101
Cony.debent. Us, 1908..
'

St,

Paul—

'•92

A S.W.— M.,6s,1908
H.— l8t, cons., 8s
Mt.Vem'n— lat, O9, 1923

I

96

97

,t-

2d, 7s,

Uex.

A

1905

Pac.— let, os

2d, Us.

1931

—

1

107 13
92

80
Gulf C0I.& s. Fe— 78, 1909
•2d, 63. 1923
Hann. A St. Jos.— 8s,conT. 1027e 103
111 ,112
Consol. Os, 1911

Or'nBayW.ASt.P.— Ist.Us

i

l8t,M.

127 >»

Ist,
Ist,

lio'

A

Texas Cent—

L., 7s,

Western

Waco A

1891

Dlv.. 78
No., 78

. .

2d, coiKsol., malne line.Sa
No., 8s,1915
2d, Waco

109 "ill
104 "a
109 |....
Ill

A

130
General, Us, 1921
118^4 120
Honst.E.AW.Tex.— l8t.7s
122
l8t, 78, I.A D.Elt..l908 "119
2d, Us, 1913
1st. S.W. Dlv., 6s, 1909. Ill
Illinois Central
"9o
"sis'"!
let,,5ii, LaC.ADav.,1919
Springfield IJiv. -Cp. 68.
"4
100
l8t,S.Miun.Biv.,«a,1910 107
Middle Dlv.- Reg..o9...l
l8t, H. A U., 78, 1910... 118-1 119
C.Mt.L.A N.O.— Ten.U78
«Jhic.APac.l)lv.,U8,1910 113
Ist. consol.. 7s, 1897
933,
Ist.Chic.A P.W.,.'>s.l921
2d, Cs, 1907
Min'lPt. Wv., 5.^, rjlO.' 95
Gold, 5s, 1951
93
f.AL.Sup.DiT.,,')8, 1921
Dub. A 8.
2d Dlv., 7b
WlB.A Min.Dlv..58,1921; 9334
Ced. F. A Minn.— Ist. 78
Ttrraiiial r)8, 1914
Ind.Bl.AW.— l8tpref.,78
Chic. A Nortliwest.—
l8t, 4.,'J-Us, 1901)
103»4
Sink, fund, 78, 1885
2d, 4-5-U8. 1909
Conso). bonds, 78. 1915. 132
Eastern IJlv., Us, 1921
Exten.siou bonds, 78, *85; 103^
Indlanap.D. A spr.— l8t,7s
JOS's
Ist. 78. 188.'')
2d, OS, 1911
Coupon, gold, 78, 1902.. laus,
Int. liGt.No.— 1 Bt, Gs, gold
12li

I

C—

;

Bepisfd. gold, 78, 19n2.;'12tf
Sinking fund. Us, 1929.. i*

1909
109=4 Kent'kyCent.— M.B8,1911

Sink, fund. Us, 1923, regl ....
Sinking fund, 6.s, 1929..1"100
Sink, fund, 5s, li»29, ree

Lake Snore—
ioi"
M.S. AN. I., s.f.. 78...
Cleve. A Tol.— Slnk'g fd.
95"
Now bonds, 78, 188B..
Cleve. P. A Ash.— 7b.
Buff. A Erie— Now bds
Kal. A W. Pigeon— 1st..
Det.M.A T.— lst,7s,190B
Lake Shore— Div. bonds

Coupon,

Chic. A

MUw'kee— 1 8t,78 122 Hi

Win.ASt.P.— Ist, 7s,'87
2d. 78. 1907
MU.AMad.— l8t,fi8,1906

128
107-18 108
114

121
C.C.C.A Ind's— lst,78,8.fd.
llO-i
Con80l.78, 1914
i22
Consol. sink, fd., 78.1914
Genei-al consol.. Us, 1934
Chlc.St.P.Min.A Om.—
*111
Cnns..l. i,». 1930

96 "a

No. Wis.-l8t, Us, 1930.
St.P.A S.C.-18I.C8.1919 115
Chic.A E.lll.— lst,8.f.,cnr. 105
ChicSt.L.A P.— l8t,con.58
Chic. A At!.- l8t. 68, 1920
2d. 08.1923

ii6
"87>ai

2d. Us,

Del.

I..

115

Mortgage

67

130
19U7
Byr.Blnc.A N.y.-l8t,78 120
•

No

7s,

coup., Ist, 79.

A

Nashvillo—
Louisville
Consol., 7a, 18'J8
Cecllian Br'ch-7B, 1907

N.O.AMob.-l8l,09,1930

1

1.
i.

I.

67>s

made

il8"

Consolidated 78, 1898...
2d consolidated 7s, 1911

OhioCentraJ— Ist,

68
110
101

lOl'alOl'V)
!

L...

117
120

118 I---.
iioy....
127

113>4 114)3
•".ssia

78 >»

— Us

•98
•99
West. Pac— Bonds. Bb 104
No.R'way<C»l.)— lat. Bs 108
75

79 !«

81
91

this week.

79 "a
90
79

Alnt^ritt

110
96

Ist, Bs,

I

'

Denv.Dlv.U8,as'd, '99

E.T.V.AGa.-IUC.6s.l931
Ellzab.C.A Nor.— •2d, inc.

Mo.

1906. -.-

ConsoL,

Income

6s.

1905

A Id. gr., reg,

l8t,RluQ.DiT.,U9,l930
ussenied
do

Pennsylvania

BR.—

Pa.Co.'8 guar.4 as.lst.ep

SO

.

85
Leh. A WUkesb. Coal-'8s
80
Lake E.A W.— Inc.,7a, '99 •is'
87 '9 87 -a
fiand'kv Dlv.— 1 nc.,1 920
86 110
Lat.Bl.AMan.-Iuc.,78,'99
80
Mil. L. Sh.A W.— Incomes
90
Mob.A O.— Istprf., debeu.
100
2d, pref., debenlui'es
104=4 106
3d, pref.. debentures
107 "a
4tU, pref., debentures
98 100
N.Y.Lak© E.AW.-Inc. Ba
98
'N.Y.P.A 0.—l8t,lnc.ac.7s
5
98
lObloCeDt,- Income, 19'20
Mln'l Dlv.— Inc,7a.l921
100 lOhlo So.—'id Inc. Bs, 1921
23
9309 93 '( |0g<1ens.A L.C.-Inc, 1929
104<4 104\ iPeoriaD.AEv.— Inc., 1920
100
Evansv.Dlv.- luc. 19'20 •25
iPeorlaAPsk.Un.— lnc.,68 •4»"
37=4 39
Roch.A Plttsb.- 1 nc..l921

75

26

I

Ut. 80.— Gen., 78, 1909
Extcn., Ist. 78, 1909

Class B, 1906....
Pierce C. A O.
Kquipment, 78, 1895..
Gen'lmort., Bs. 1931..
80. Pac. of Mo.— l8t,6s
Tex.A Fac— Ist, 6s,1905

lud'sDecA Spr'd— '-'d.inc •18

,

Tl-ust Co. certificates

At.J.Co.AW.-l8t,68
Oreg. Short L.— 1st, 6s

3.B8, Class C,

1S%|

|,

At.C.A P.— l8t,U8,1905

StL.A S.F.-2d. Bs. CLA

I

91

Ist, consol., Bs, 1919
C.Br.U.P.- F.c, 78, '95

Pac— 1st, cons., f
»d, 78, 190U
Pac. of Mo.— Ist, 68
2d, 78. 1891

15V S6

—Coup. deb. certs.

107=4 lOflia Gr.Day W.A StP.— '2d.lnc,
loa'a:107=4 Ilid. Bl. A W.-Inc, 1919
104"*8
Con.sol., inc, Os, 1921...

Bs, '951

1896

eG>s.

p<tltitblf*f cirn^/I-l

AUeg'nv Cent.— Inc., 1912
AU. A Pac— Inc., 1910...
Central of N. J.— 1908 ....

.

Kana.Pac— lat,

W.W.— lat,08

INCOME BONDS,

Ill ,111'a Ch.St.P.AM.— L.er.luc.Os
lOU-i
Cllic A E. III.— Inc, 1907:
11414;
;,Des.M.AFt.D.-lst,inc,«a
114
Det. Mack. A Marii.- Inc

88, 1893
CoUateral Trust, Bs.
do
5s, 1907

Ist, 68,

78 In

I

Cent.Ia.

Beg,

3-ti8,

45
117

1

.Spring Val.

94

So.Pac.of Aiiz'a— let, 6a
8o.Pac.ofN.Mex...l8t,68
Union Pacific— Ist, Bs ..
Land grants, 7s, '87-89
Sinking funds, 88, '93.

,

100
87

IlI.ASo.Ia.— li!t.ex.,6a|

1

100

68.

lst.69

So. Pac. of Cal.

I

1

A Oregon— lat, Bs
A Or— Si'r. B, 6s.

Land grant bonds.

1893

0.A Tol.-lst, 7s, ISflOi
Han.A Naples— lat, 79

;

B9»4

8t.L.K.C.AN.— K.e.,7a(
Omaha Div.— lat. 7ai
Ctar'da Br.- Us. 1919i
92
StChas. Bge.— 1 St. Bb
lUO lOlia
No. Missouri— lat, 7s.
West.Un.Tel.— 1900,coup.
10919'
lOOO.rcg
101
102
N.W. Telegraph- 78, 1904
97
99 :Mut.Un.'rel.-S.fd.Ba.l911

Pac— G., Bs...
Br.

bils, 79, '83.

GtWesfn— l8t, 'is, '881

'96'

A Kv.— Ist, Bs

San Joaquin

Eqnipm't

Consol. conv., 7a, 1907
2d, 78,

67

Central

lat, St. L. Dlv.. 78, '89|
2d, ext.. 78, 1893

82 --a 85 "a

69
Oregon Imp. Co.— Ist, Bs.
Oreg'n RIl.A Nav.— l8t,68 109
98
Debeiiiurea, Is, 18.84...

Cal.
Cal.

104
103
113
119

w

0s,19'20

Term'l

Pacific Rallroa*l8—

Wabash— Mort. 7a, 1909
Tol. A W.— l»l, ext., 78

il8"

Springfield Dlv., 7s

Ist,

114
114
72

Sandusky Dlv.— Ba, 1910

prices Friday; Uieae are latMt laatatious

Va. Mid.— M.inc.iia. 19271
Wab.St.L.APac.—Geu'l Bs
Chic Dlv.— 58, 1910
N.Pac— G.l.gr., l8t,cp..6s 10218 10238 Hav. Div.—Bs, 1910
102 H,;
Registered, U.S. 1921
Tol.P.AW.— Ist. 78,1917
60
N.O. Pac— Iflt, Us, g., 1020 66
Iowa Div.-Bs, 1921
94
Norf.AW.- Gen'l,BB, 1931
Ind'polis Div.— 63, 1921
New River— Ist, «e,1932
Detroit Div.-Bs, 1921 ..
120
OhloA Mlsa.— Consol. s.fd.
Cairo Div.— 5s, 1931 ....

Evans.Dlv.- l8t,6a,1920

105 "a
•70
63 "a

A

lat, Davt. Div., Us, 1910
lat, Tei-'l trust, Bs, 1910
Tex.A N. O.— 1st, Ta. 1903'
Sabine Dlv.-.lst,'!.a.l912,

88i

Peoria A Pek.U'n— Ist, 68

100^

lat mort., 78, 1911
Burl.— Maln.Bs
Tol. Del.

V

Midland of N.J.— 1st, 08,
N.Y.N. II. AH.-lst, rg., 48 '108
Nevada Central— l8t, be..

116=8'

General, Os, 1930
Pensacola Div.— 08,1920
St. L. Dlv.— Ist, 6s. 1921
2d, 38. 1980

AC—

N.Y.'feusq.A West.-lst,
Debenture, Ba, 1897

9834

'30

Registered, os, 1931

Peoria Dec.
10.-.

2d, Us, 193').
E.H.AN.- lal.Os, 1919

Laf.Bl.,« M.-lRt, B8,1919
Loulsv. N. Alb.
l9t, 08
General mort.. 6a, 1914.

97'a

Panama— S.f., sub.Bs,1910

117--;

CA

I

5"
conv., '92

Consol.,
Consol.,
Consol.,
Consol.,

Loulsv.
L.— Ob. 1931
Trust bonds, Os, 1922...
L.ErieA W.-l8t.e,s, 1919

89»4'

192U

A W.— 7a

1st. cons.. Us, reg., 1933.

39 =B 39

Or.ATran8c'l-B8,'82.1922

Nashv. A Dec— Ist, 78.
8.A N.Ala.— S.f.,(l8,1910

CWc.AW.Ind.-lst, s.f., 68

Col.H.Val.ATol.— Ist,

•127

Oreg'nA Cal.— l9t.Bs,1921

reg.. Ist, 78... 122>al24H
118
coup., 2d, 7s..
118
reg., 2d. 78 . .
Long Isl. RR.-lst, 78, '98 118 121
'lOl
"a
l.st, consol., 5s, 1931 ...
Loxiis. West.— 1st, 68

C.St.PAM.— lst,6s,1918! 114^1 Ija-a

Oen'l mort., Os, 1932
C0I.A Cireen.— Ist, 08,1916

Os,

. .

Ufpi-tiTeil

Bscanaba A Ij.S.— l8t,68
Des M. A Min'ap.— l8t,78
IowaMldland—l8t, 88.. 1*125
Peninsula— let, conv. 78 *120

'

N.Y.C.ASt.L.-l8t,B9,1921
2d. Bs, 1923

Ist,
1st,

|

04
92

'851 ioi'ia

Tr., Ba, 1020
Min'l Dlv., B9, 1921
OhloSo.— iBt, Us,lH21 ....

J.

I

Slnk'g fd. dob., os, 1933
26 years iteb. OS, 1909..

[

.,

N.Y.W.Sh.A Buff.— Cp.,58

So.-lst. Us, 1924
Fargo
FVUt, P.Marq.— M.Ob, 1 920 113 114
Gal. Har. A S.Ant.— Ist, Us 100 la'

Houston

I

l8t, C. A M., 7s. 1903...
Con80l.78, 190,5

1904

5s.

Harlem— 1st, 7s,coup...

1

1

129
117
12U
iBi 78, $ g..
iBt, LaC. DlT,, 78, 1893. 117
118
Ifct; I, A M., 7b, 1897
117
l8t,l. A D., 78, 1899.

Deb.

Itegistert'd

Hnd.Rlv.- 78,2d, a.f

T.-lst. 7»1
58,1931

l.gr.,

(

Ev. A T.

'

A

101
100

Buff.

—

l8t,8s, P. D
2d, 7 310, P.D.,-^ 1898...
- ' R.D., 1902;

125
107 >«
lor

i08'

A

127 127'4
1st, 7s. reg., 1900
Min'8 Un.— Ist, Ba, 1022
N.Y. Elev'd-lst, 7s, 1906 '119>a!l*20
St. P. A Dul.— Ist.na, 1931
N.Y.P.A O.— Pr.l'n, 08, '95 '33
So. Car. R'y— Ist, Ba, 1920
112
N.Y.C.A N.— Gen.,Bs,1910
35"l '2il,Ba, 1931
32
33% Shenand'h V.— 1 8t,78,1909
Trust Co. receipts
BuCN.Y.A K.— l8t.l916 131 "a 133
lOS-a;
General, 68, 1921
N.y.L.K.AW.-New'Aie SOHl Si's N.Y. A. N. Engl'd— Ist, 78
94
iBt, 68, 1905
Tex.Cen.-l8t,8.f.. 78,19091
Collafl trnat,Ua.I922.

1

Chic. Mil.

195 '4
102
130 131
130
100

N. Y. Central-Os, 1887...
Deb. certs., ext'd 58
N. Y C. A H.— 1 Bt. cp.. 7a;
1st. reg., 1903
.

6th, 78, 1888
Ist, cons., gold, 78, 19'^0
Ist, cons., fd conn., 78..
Reorg. 1st lien, fas, 1908
Long l^ook b'nda, 7s, '93

118
2d, (3G0), 7s, 1898
2d, guar. (188). 7s, -98 "118
Ml88.U.lir'ge-lst.s.f.(>S|*ll)3

A W.B.— Coii.g'd,as.
Am.D'kA Imp.— 58,1921;

«82

Cairo Ark.
Gen'l r'y A

St.L.AltonA •r.H.- !st,7»
2d, pref., 78, 1894
2d, Income, 79, 1894 ....I
Bellev.A So. lU.— Iflt, 89
St.P.Mlnn.A Man.-l8t,7sl
•2d, Bs, 1909
Dakota Ext.-6s, 1910..
lat, consol., Bs. 1933

I

1

1

Jj'?

Leli.

53

Extension,

1

Ist, 69. 19'20

1

8s, 1927
Morgan's La.A T*.— Ist, 6s'
Nash.Chat.A St.L.— lst,7s: 115>a'
100
2d, 6b, 1901

iBt,

62"s

Isf, cons., 58, 1930...
Divisional 5s, 1930..

'

Arkansas Br'cb— Ist, 781
Cairo A Fulton- 1st, 78

CoUater'l trust, Bb, 1892,

Land grant, 3 Vjs, S.A...
E.T.Va.AGa.— lat,78,1900; 115

76
26
94

l8t,

,

1

101
75
26

68, gold, amies A, 1908
68, gold, series B, 1908
6b, currency. 1918
Mortgage be, 1911

.

1

85
""

UiBlslerc.l

Pur.

.

I

Atch.t.<ikS.F'e--4>.». 1920,

tons..;., tat, 5», 11)34...

Aak.

Bid.

Penn.

'

30

.

6^
?6"
"id"

.i

61

Rome W. A Og.— Inc., 7s.

97

i8t.L.*I.Mt.-l8t.78.pr.l.a.
Ist. L.A.A T. H.— Dlv. bds.

8o.Car.Ry.— Inc.

98

69.

1931

so"

i"

ai" •40"

.. ... ..

.

.

.

THE CHRONICLE.

578

—

RAILROAD EARNINGS.
Latett

Samingt Reported.

WetkorMi

1884.

1883.

[Vou XXXIX.

Jan. 1

to Late»l Date,

New York City Banks. The foUomng statement shows the
condition of the Associated Banks of New York City for the
week ending at the commencement of business Nov. 15:

1883.

1884.

Average

Amount of—

BanJa.

884.817
11,832,819

Ala.Gt.8outliem October...
Atoh. T.& S.Fe September
Atlantic & Pac. October...
Boat. H. T. & W. stwkNov
',

Bur.Ced.R.&No. 3d wk Oct.
Canadian Pacitlc 2d wk Novl
istwkSov
Central Iowa
Central Paoltio.. October...
Chesap. & Ohio 1st wk Nov

EUz.I^x.&K.S letwkNov
2 "wks

Chlo.Mll.&St.F. 2d

.

CleT.Col.C.& Ind September

Connotton Val.. ISeptember
Danbury & Nor. Seiiti luber
Denver&RioGr.llst wkNov
Denv. & E. O. W. 2d wk Nov
Des Mo. & Ft. D. 2d wk Nov
Det.Lans'K&No. 2d wk Nov
Dub.&SiouxCity 1 stwkNov
September
Eastern
B.Tenn.Va.&Ga. Beptembfr
Evansv. AT. II. 1st wkNov
Flint & P. Marij. 2d wk Nov
Flor.K'way & N. October..
Ft. Worth h Den. Ociober. ..
Gal.Hiir.& S.Au. September

WkNov.

...I

&

1 st

Butchers'* Drnv..
Meclianios'

Leather Manaf'rs.
Seventli Ward
State of N. Y

Americ'n Exch'ge.

415..i02

Commerce

2,767,551

BrOiidway
Mercantile
PaclQc
Republic

Chatham
293,012
1,3J6,334
923,354
2,740,789
2,901,072

1,996,546

|2d

La. & Mo. River July
IiOUlsv.&Nasbv. 2d wk

721,826

Nov

.

German Exch'nge.
Lincoln
Filth National....

291,550,400 82,354,600 38,159,100 325,356,700 12,ii41,5UO

Total

1,325,283
1,618,960
11,900,011
1,965,169 1,913,235
81,035
348,647
2,450.11^ 2,735,860
10,803,073 13,140.291
3,608,367 4,395,356
2,19i',6Y2

Shenandoah V. October.
northern Centr'l September
Northern Pacitlc 1 st wk Nov
Ohio Central.... 2d wk Nov
Ohio & Miss
l8t wk Oct
Ohio Southern. 2d wkNov
Oregon & Cal. 'Seplemlier
Oregon Imp. Co. September

2,274,362

631,378
4,085,009
11,054,925
969,190
3,123,356
399,887

708,464

. .

397.700
43,400
176,400
135,000

United States
Gartielil

Hlnn. & 8t.Loul6!Feptember
Mobile* Ohio ..October...
Mo. Pac (& I M.) September
Nash. Ch.& St.L. Octoiicr.
H.O.* Northeast October...
K.Y. <fe New Eng September
H.Y.L.Erle&W.fl' August.
N. Y. Pa. & O.' August ...
N.Y.Susq.&West September
H, Y.Ont. &W.. August....
Horfolk & West. October...
.

First National
Third National ...
N. y. Nat. Exch..

Germania

980,060
2,507.593
469.5H9
658,400
22^,898
4^8,489
962,724

1

.

.

Bowery

11,713,793
781,794

Mex.Nat.,NoDd IstwkNov
Boathem Dlv. IstwkNov
Other lines e
st wk Nov
Milwaukee & No Ith wk Oct
mi. L.8h.&West. 2d wk Nov

.

N. Y. County
G'riuan..\meric'n.
Chase National...
Fifth Avenue

384.7.MI

j

(fe

Cential National..
Second National..
Ninth National...

35\i73

O. 1st wk Nov
Hemph. & Charl. Scptemlier
Mexican Cent... 2d wk Nov

Leatlier..

Importers'Jfc Trad.

227,477
2,513,173

Mar.Hough.&

.

.

Nicholas

Paik
North River
Ea.st River
Fourth National..

779,152

wkNov

Nassau
Market

Continental
Oriental

.

Long Island

Meiropohtan
Citizens'

Corn Exchange

9;l9,«2(i

wk Nov

...

Irving

Slice

1,9^5.039
14,655,752
2f 1,743
1,401,295
19J,4S6
8,734.95
1,473,518
2,337.59^
1,902,242

W. September
Ii.Rk.& Ft.Smith September
L.Kk.M.Riv.&X. September

Peoples'

North America
Hanover

St.

786,037
395,812

8

& Tr...

Greenwich

1,177,004
701,158
2,697.880
2,824,359

ni.Cent. (Ill.)...l2d wk Nov
Do <Iowa)'2d wk Nov
Ind. Bloom.ife W.l2d wk Nov
K.C. Ft.8.& GuU ith wk Oct
Kan. C. Sp. & M.'4ib wk Oct
Cent'l

Gallatin National..

307,715

Gr.BayW.&St.P. 2d wk Nov
GulfCol.&SanFe October...
HooB.E.&W.Tex September

Kentucky
Lake Erie

Tradesmen's
Fulton
Chemical
Merchants' Excli.

158,586
'5,llDvl92

.

,

City

1,318,970
20,057,000
20.333,086
5,047.277
1,318,316
2,120,220
2,137,442
1,531.698

wkNov

..

Union
America
PhenLz

7,613,70,')

Northw.]2d

Grand Trunk

Manliattan Co

Mechanics'

18 505,825

wk Nov
Ch.8t.P.Mln.<fe0.i2d wK Nov
Mich.
{2d
wk Nov
&
W.
Chlo.
Cln.Ind.St.L.&C. 2d wk Nov
T.
P.
October.
&
O.
Cln. N.
Cln.Waah.&Balt.'id wk Nov
Clev.Akron&ColilBt wk Nov
Chic. &

Bferchants'

638,0.iB
l,i; 8,405

Nov
Chicago & Alton] 2d wk Nov
Chic. Burl. & ©.September
Chlo. & East. 111. '.;d wk Nov
&S.W.

New York

5,120,9tj0

l,214.84r
18,732,496
3,000,940

. .

CliCB. O.

382,898
2,135,8J7

749,006

750,190

The following are

totals for several

(Specie.

Tenders.]

!£..

weeks

Dtposits,

pstst:
Circulation Aqg. Olear^gt

$
$
$
$
$
Nov. 1:291,7 .;4,100 77,430,100 32,838,700315,989.400 12,985,300 4.58,532,568
I

81290.287,900 80. 100,800 33.289,700 3 17,08 1, 1 00 12,800,200 477,210,695
" 1di29] ,550,400 82,354,600 36,159,100!325,ao8,70ol 12,241,500 527,541,755-

•'

!

Boston Banks.

!

—Following are the totals of the Boston banks.

I

.

1

4,552,137
8,332.644

950.812
3,496,740
315,196

. .

Pennsylvania.

Septenil)er

. .

PeorlaDec.&Ev. IstwkNov
Pblla.

&

Erie

Scptemlier

...I

Phlla.& Read'gA September
Do C. & Iron Septembei
Biclun'd & Dan V. October.
Ch. Col.& Aug. October..
Columbla&Gr. October..
Georgia I'ac. October..
Va. Midland. . October..
West. No. Car. October..
Koch. & Plttsb'g 2d wk Nov
;

EomeWat.&Og. August

Bt.JohnBb.&L.C. September
Bt.L.Alton&T.H. IstwkNov

Do

IstwkNov
Bk L. Ft. 8. & W. 2d wk Nov
Bt.L.&San Fran. 2d wk Nov
Bt.Paul& Dul'th 2d wk Nov
(brchs.)

Bt.P.Mln.& Man. October...
Bouth Carolina lOctober..
Bo.Pac.Cal.,N.D.i August....
Do So. Dlv.t.jAugust
I

.

Do Arlzona.i.[ August
Do N. Mex.i. August
Texas & N. Orl's. September
Louisiana W*u. September
Tez.& St. Louiflj 1st wkNov
Tol. A.A.&N.AI October...
Union Paoiflo... September
tJtah Central. ..October...

Vloksb'rg&Mer.Ociober..
Vlck8b.8h.&Pao. October...

Wab. St. L. & P. 3d wk Oct.
West Jersey
September
WUoonaln Cent'l October
|

2.504.893 2.973,363
4,458,871:4,634,998 36,399.099 37,893,907
11,086
651,305
009,953
352,20)
2,061,706 3,012.436
2,878,451
19.053,43 4 •20,816.204
1.574,007 1,801.194 12,010,951 l-',338.853
429,179
3,133.73-1 3,146,809
96,763
007,877
669,966
98,019
516,763
602,109
65,990

167,596
41,313
24,169
176,353
31,080

^

L, Tenders.

Bf posits."

Circu/ation

$

$

$

$

Nov. 3 140,763,100

7,101,500
7.298,500
7,160,900

10 142,068,500
17 142,544,800

•'
•'

Philadelphia Banks.— The

Deposits,*

Nov.

3

'•

10

"

17

73,835,950
73,454,475
73,322,857

22,357,140
22,639,888
22,891,740

70,18^,441
89,321,005
70,209,741

*

Am. Bank Note Co

1,060.812
1.181,336

banks

Circulation. Agg, Clear'oi

8,059,043
7,954,889
7,914,545

39,828,337
44,014.967
37.740,784

Including the item " due to other banks."

Unlisted Securities.

312,121
537,656
1,049.053
207,931
1,249.320
699.263

.

58,811,488
88.039,916
6'J,930,956

totals of the Philadelphia

Lawful Money,

302,658
1,073.206
214.646
1,125,300
633,216
423,493
4,039,961
1.137,447
6,570,839
968,264

91,844,500 23,782.400
98,813,800 23,660.00(1
99,788,500 23,684,200

I,oan«.

1384.

week

l,0ol,79f>

5.789.300
5,850,900
0,432,900

AijQ, Clear'gt

are as foUows:

l,4-2O,703

* Not including Utah lines after Julv 1.
Christl to Saltlllo, 397 miles; up to May embraced only
nii^"";!'"^
236 miles, Laredo to Saltlllo.
e Only 136 miles now. but prior
to May represented 297 miles.
g Not Including eaminss of New York
yenu. & Ohio road.
A Not inoiiidiiig Central New Jersey in either
prior to June 1.
i Included in Central Paoltlc earniUBs above.
Bmbraomg lines in Missouri, Arkansas and roxas.

J

Specie,

$

l,35i',770

23,4314,390
10,299
224.727
102,937
3,263,313
39,489
1,166,415
1,008,389
6,849,606
157,351
1,073,280
153,009
919,896
832,941
282,881
2,339.077 2,773,514
130,615
1,217,276 1,683,219
62.994
447,32
531,976
69,318
610,917
830,465
35,053
320,251
413,404
31,414
813,189
24,370
193.403
]66',9V3
2,499,271 2,881.610 18,370,563 20,819,800
112,301
116,127
888,513
973,999
55,113
387.830
401,088
40,773
180,983
97,900

401,000
131,406
140.438

1834.

Loans.

ai'e latest

Atlantic

quotations for a

& Pac— Stock....

Cent. Div.,

1st.,

H.

7>8

6'<

73
13 >9

new

Accumul. land grant
Bank.cSMerch.Tel.— Ist
Gen. mort

M

& E.—New stooli

W

65

"a

Boat. 11 . T. Jl West.— St'ck
Buir. N. Y.& Phlla

Ist

45

13
88

Louisv. & N.— Adj. boniis
Mexl<:au National
Pref

33 "a

30

2^

78"
30

li

18

1=.

mort
Mut.Un —St'ck trust clfs 10
Mo. Piiclflc— Old stock.
M.K. AT.— Income scrip .. 2'V.
43
51
N. Y. M. Un. Tel.— Stock
I

I

3>4

New

4'-.

I'd

4

80
45

Incoin-s

lii

2(i

"l8>i
60"a
16

40

mort
mor^

l8t

4
31
8

40 >«

scrip

Tex. 8t.L.,M.&A.div.,a3p
M. & A Div., 1 st mort.
M.AA.Div.,iucoiiie8,a3 p
6s, 1st mort., in Texas..
64 V
2',
Gen. Ist.ld.gr.&inc.asp.
Tex.&Ccl. liuii.— Exbd..
7
IS'-'B U. S. Eiectric Liglit
VlcksUurg(& Meridian..
20
Pref

53
30

100

.

6

Ist

N. y. W. Kh.* B.— .^lock

St. Joseph
St. Jo.

75»»
161a

&

si'

W., 1st M.,

Pac— stock

Southern 'Pel.— Stock
Ist molt

40

5s

1st mort., 68

Western

mort

Western
& Pac, lat mort.
21
2d molt
Kans. <fe Neb., Ist mort.
4
2d mort
34>, Texas & Pac— Scrip le84.
75
Old strip

Denv.ABioGr.W

2d mort
Keely Motor

A.

Aik

8^

7

State of Teuu.— set'm't.38
12 =j
41

Denv.4 Kio Grande— Con>
Guar, by D. & It. O
Edirton Electric Lifiht

7514

6IH1

Postal Telegraph— Stock.
6
lat mort., bs
6Ki Postil Tel.A Cable—Stock

5»4

Bid.

Atlantic

b

—

Georgia

Pittsburg

9

Trust bonds, 6s
Ucbent
Cent, of N. J
Continental Const. Inip.t'o

&

A

1st iiioit

6

Prof

Div. bonds..

North Riv. Cous.-lOO p.c
Newb. DutchtfeOonn., pief
Ohio Cent.— Itiv. Div., 1st
Incomes
Peusacola

90

Old

Don. R. O.

:SecurUits,

21^ North. Pac

West. Div,, Istmort

Incomes

Ask,

Bid.

Securities.

Host.

—Following

past:

:

NOVKMBKR

THE CHRONICLR

82, l!«4.]j'

|l

nu

c

s

t

in c

were

oat*, being a decroaM of 28a,048 btuheli of
wheftt, 1.471,790 bushels or com and an incresie of 810,2M boabela of oftts."

II t

The tonnage

Forl871

ilalltvaatT

gntilXiQcnct.

The IwvBSTORs' 8upPLBMRirpconto<fM a complete exhibit of the

Funded Debt of States and Cities and of the Stocks and Bondt
and other Companies. It is pjiblished on the

of Kailroaits

—

of every other month viz., February, April,
June, Aufftmt, October and December, andis furnished without extra charge to all regular subscribers of the Chronicls.
Bxtra copies are sold to subscribers of the Chorniclk at 50
last Saturdati

e&nta each,

and

to

679

others than subscribers at |1 per copy.

KorlH7;<....

For lH;:t
Kor 1H74....

of through mercbandiae eait
i:ir,,cn7ifii,ii.
For 1878
Kor 1S70

Korl^T.-i

h7:;.lol iuuh.

PorlSTtI

I,(.li:i.:)li:)tonH.

Forl877

^,0i7.(l•^.^ toHi.

containing the general remarksof the President

; the pamphlet
report with statistics of operations, finances, &c., is delayed
for many months and does not usually appear till the next
spring.
The Baltimore
Ohio is one of the close corporations, managed with secrecy as to its affairs, and during tlie year no
monthly or quarterly returns of gross or net earnings are
made, such as the public now obtains by voluntary reports
from the Pennsylvania, Erie, and Grand Trunk of Canada, and
by the compulsory quarterly returns from the New York Central, Lake Sliore, and other railroads oijerated partly or wholly

&

within New York State.
At the annual meeting in Baltimore the following directors
were unanimously re-elected to serve for the ensuing year,
the only change being that of Mr. T. Harrison Garrett in place
of his brother, Mr. Robert Garrett, the President pro tem.
William F. Burns, John Spear Nicholas, John Gregg, William
W. Taylor, James Carey Coale, G. A. "Von Lingen, Decatur H.
Miller, Joshua G. Harvey, George W. Dobbin, Henry C. Smith,
Aubrey Pearre, T. Harrison Gan-ett. The total vote polled

was

91,748 shares.

Mr. Robert Garrett, the new President, submitted his
annual report, from which it appears that the gross earnings of
the whole system in 1883-84 were $19,436,607, against
$19,739,837 in 1882-83, and the net earnings were |7,760,300,
against $8,705,823 the previous year, thus showing a decrease
in gross of ^303,330 but a decrease in net of $945,533 as a
result of the decreased business and demoralized freight rates
of the past year.
Semi-annual cash dividends of five per cent upon the capital
stock were paid on the 1st of November, 1883, and on the 17th
of May, 1884. The profit and loss account shows an increase
for the past fiscal year of $1,940,316, after all fixed charges,
rentals, &c., and the nominal surplus which represents invested
capital derived from net earnings, and which is not represented
by either stock or bonds, now amounts to $47,703,796.

On this Mr. Garrett remarks " The exceptional and highly
conservative system of the Baltimore & Ohio Company, without precedent in America or Europe, by which more than
forty-seven millions of dollars of net earnings, unrepresented
by stock or bonds, have been invested, during a long series of
years, in valuable improvements and extensions, in connecting
lines, in the great iron bridges over the Ohio River, in elevators,
wharves, piers, docks, terminal facilities, real estate, stations,
locomotives, cars, etc., readily enables the company to continue the payment of semi-annual dividends of five per cent
each on

sum

its capital stock,

which amounts to only $14,783,900, a
marked contrast to that of all

so limited as to present a

competing trunk

lines."

The following statement shows the payments made and the
increments in sinking funds during the fiscal year for account
of the resi)ective debts
:

Increment of sinkinc f inula for tlio redemption of the sterling
loanH due in 1895, lOOJ and 11)10
$380 229
Payment on account of ilie principul of debt to the City of Baltimore for

ilie

Connellsvllle

PHI ciiase of its interest in the Plttsbm-g

Company

The PittsburK * Conuelisville sinking fund
The Baltimore & Ohio and Chicago railroad companies'

&

40 000

30776
sink-

in^fund
The Washlngtou City and Point Lookout railroad companies'
sinking fond
Total

f,,nii.

I

.,nii

I

|

F.ir li-^'i.
l-c,r 1SH3.".'.

K..r IH>14...

.--'— UjL.^

two

1882-93

OroM
Main stem, etc. ..... «1
Washinnton Kraiich...

1

:I4(I,A0.5

73«,527

From Nov.

1.10H.8:t8

9^9,128
1.h78.1H7
2,813,172
72.0!>0

^13,787
164,781

Sl'le

Totals
*

..-JTU.hao

1883-84
Orott
Iftt
^rniinft.
$5, t:cj. 183 «! I ..'iOO.O.'i's »S.2.37Xi!
222 -247
a3.'i.944
180,331
260,061
013,161
141,723
387,788
1,109,773
370.638
291781
1,016.508
261,700
r,T.i.li03
2.016,880
488,9 riM
1,47».274
2,291,627 1,042.132
32,O-.0
14I,H96
13,621
•d,450
I12,l2.'j
16,1168
10,511
168,^32
757
tret

?!fC"'.")??-_

$19,739,337 *?,705,823 «19,436.ac7 97,760.300
1,

1882.

•

The aggregate working expenses of the whole system of
roads were 60 '07 per cent of the whole gross revenues, -being
4*18 per cent more than the preceding year and 08-100 of I
per cent more than in 1883.
NEW LINE BETWEEN BALTIMOKE AND PHILADELPHIA.
The Baltiinoro & Ohio Railroad Company, under resolutions
adopted unanimously by the stockholders, is building the
Philadelphia Branch, from a point of connection with its main
stem to the northern boundary line of Cecil County, in the
State of Maryland, where it connects with the road which the
Baltimore & Philadelphia Railroad Company is constructing
through Delaware by way of Wilmington and into the city of
Philadelphia. Work has progressed rapidly during the year,
and unless the severity of winter prevents the entire road
between Baltimore & Philadelphia will be in operation about
July of the coming year.
PITTSBURG JUNCTION, PITTSBUKO & WESTERN, AND PITTSBCEQ
CLEVELAND & TOLEDO RAILROADS.
" Daring the year the Pittsburgh Junction Road, which is controlled
by this company and its allied interests, and which connects at Piitsburgwiih the Pittsburg Division, has been completed through that
city by tunnel nnd elevated road, and thence by a line iron bridge over

the Alleghany River to a,iunci ion with the Pittsburg & Western Koad.
It ha^ been built in the moft permanent and suSstahtial manner, with
double truck throughout. The extension of its brandies is being rapidly
prosecuted to tlie numerous and extensive manufactories along the
Allegheny River front in Pittsburg, and, when tiuished. will make the
position of the Baltimore & Ohio Company in that city superior to that
of any other railroad.
••
The Pittaburg & Western Railroad Company has leased the Pittsburg Cleveland & Toledo Railroad. Satisfactory relations have been
established between this company and those interests, enabling It to
form a most favorable route to Akron, Ohio, to the lakes at Cleveland,
and to the great manufacturing districts of the Mahoning and 8henango valleys. It is als), by llfty-ono miles, the short line between the
great lakes at Cleveland and ihe National Capital at Washington. In
addition to the large local business originating on these hneJi, in which
this company will participate, this route opens up to these regions, to
thtf Pittsburg Division, to the entire system of this company, and to
the manufacturing and other industries connected therewith, new and
additional markets and sources of revenue for their rich and raliuble
mineral and other products."

BALTIMORE & OHIO TELEGRAPH.
company has been engaged for many years In contests with the
Western Union Telegraph Company to regain and hold iKwcssion of its
t^cgrapli property, and it is gratifying to announce that the equities of
its position have beeu thorouglily viudlcated on all occasions when the
questions have Ueeu submitted to the courts. The telegraph system of
the company is, therefore, now entirely under its own control. The
jwlicy laid down by the late president In his addtess to the board in
June. liS^, in which he anuoun.el that the B.iltlmoro & Ohio Com" This

pany 'had deliber.;tely determined to main tain the absolute independence
of its telegraph system,' and that It intended to effoot -auch connections
as would enablj it to maintain tlrmly and successfully its iudependenee
as a great competing organization,' and thai in furtherance of that
ptdicy It wnuid 'oontiuue to enlarge ifes capacity to meet all requirements, 'h.is since bei-n tontinuously ai tid upon until tho Ualllmore & Ohio
Telegraph system now represents t'.-^se miles of poles and 47,417 milea
of wit e, in the acquisition of which there has been expended, during the
Uscal year, *2,01^,0i>'". Tlio company now has a ttflegruph system
twice as large as that cf the Atlantic & Pncltlc, which was eoid In IfeSl
for $8,500,000 In ttock of the We.' tern Union Company, and one and
one-<iuarter times as large as that of the .\meiican Union, which
was sold for $15,OO0,U0j also in the same stock, and by Ih3 cloae
of the year it will have amileage nearly as great as both of those companies combined, whilst the lo<atioii and character of Its Hues rmder
tlicm far more valuable. Prceldeut Hates, of the Baltimore & Ohio
Telegraph Company, who has recently inspected the property, states In
h'S leport that tho lines arc thoroughly aud strongly built that the
olliccfi ale well located, aud that the stuff i< active and elHcient.
The
expenditures for ttie past 3'ear have been made at a time when material
was obtained at a reduction of at least 15 per cent below the
lowest prio s at which any lines were ever constructed in this
country. Tho system exceeds lu capacity that of any other com;

50 098
5,86S

^706,970

Ab

to the freight traffic on the main stem and its branches,
stated: " Tlie aggregate of coal and coke thus transported, including all divisions, was 6,393,675 tons, showing an
mcrea.se for the year of 715,838 tons, and an increase compared
with 1883, of 745,659 ton.s, with 1881 of 1,853,048 tons and with
1880 of 2,003,819 tons.
It is shown by the report of the transit

I

:

tn 4<i<i>nnii.

Tlio result of the operations of all divisions in the
paat
years is shown in the Ublo below :

New'k Somerset &

This i8 the first of the great trunk lines to raalce its report
for the fiscal year ending September 30. The report now
issued, however, is only that presented at the annual meeting,

i

ForlHSO

.

Baltimore & Ohio Railroad.
{For the year ending Sept. 30, 188 1.)

i

For IHHl

,

Parkurobiirg Hranch
l.fntrnl OUlii Dlvlhlon.
Lake Krli^ Division
Cldcai:o Division
rittsburg Division
WlitelhiK I'ltts. &15alt.
PittshUfK Southern

ANNUAL REPORTS.

and wcat waa

is

portation department that the tonniige of through merchandise east and west has bpen 2,375,353 tons, whilst in the preceding year it wa-s 2,108,3.'5 tons. 717,258 barrels of flour and
11,553,053 bushels of grain were brought to Baltimore during
the fiscal year, being an increase of 14,283 barrels of flour and
a decrease of 1,278,709 bushels of grain, as compared with the
preceding year.
Of this aggregate of grain, 6.415,550 bushels
were wheat, 3,472,940 bushels were com and 1,469,910 bushels

peting telegraph company', and between tile two great cltt. sof the
iCast and the A'c^t is believed to have facilities equal to that of any
company. Looliing at its cost, compared with that ol the system of its
main cimpetitor, it is believed tiiai it can outain and hold such u volume
of business us will yield very s itisfattoiy net results Irom the cx|»-ndltures. The public have already received, and will continue to ncclve,
advantages and economies from the coinpttltion oITered by a system of
sucii slid gtn, permanence aud magnitude.
slBoe the tompany
coiuiiienceu its
own commercial system, lu 1877, its teiograpu
expenses incident to its railroad business have been rciluced fully fortythree and one-half percent, whilst Its receipts from ruiln.ai business
have increased tlfty per cent. It i" believed when the system of telegraphs created by the B.illlmore & Ohio Comp.'kny has iKien i^rfeoted.
Ihxt the oi>eratiiig cxpen-ses of the lolegraph deoartmeut for ratlroaa
bnslners will lie furt hen educed. The bonds and 'tork of the Baliluiote
& Ohio Telegranh Comi any, a sepuiaie ourpui aio orgonlsatloD, to be
issued to thn mllroad cunpauy for the ndvanoes of the latter In Ihe eonstrnotiou of the telegiaph Hues, are In course of piepatatlon, will aooD
be in the company's tieaeury, and wlU oonsUtuteaTerr valuable asset. "

:

.

:

.

.

THE CHRONICLE.

,-^,80

:

pleted.
Tlie earnings

and expenses, and the dis' OS tion of income,
together with the general balance, were as follows for four years:
Ol'EBATIONS AND FISCAI. RESULTS.
1882-83.
1881-8L'.
1880-81.
64
G8

1883 8 4.
68

Total miles oper.ited.
i/fjeratUins—

4,128,299 4,923.426 5.482, 707
-.42,1!)] .736 46,344,791 51,309,499 55,200, 708

..

Passenger milease
Freight (tons) moved.

Earnings —
Passenger

3,802,405

968.847
626,636
73,651

1,036. 5-16

1,584,839
1,138,491
-94,018

1,639,134
1,231,881
91,674

1,727,147
1,271,162
103,832

1,232,509
395,403
352,330
IXrO>!E ACCOUNT.

1,323,555

1.374,994

345,579

352,153

..

Freigljt
Mail. exi>rc8S, clc

62,605

Total gross earnings.. 1,419,313

Operating expenses

934,273
89,637

Ta-xes

Total Expenses
Net earnings..

Receipts

18bO-S].

e
395,403

Disbursenv n t" —
,

Interest on debt.
Dividends

Kate

1882-83,

1881-82.

c
332,330

28,712
320,000

of dividend.

$

"i^

1,023,910

—

Net earnings

735,650

732, 768

718,500
$
910,763
605,221
68,855

660,290
$
822 752
533, 9-6

..

,

614,;500
76, 101

18S3-F4.

aj

iC

345,579
15,689
320,000

26.140
320,000

(S)

(~)

(S)

348,712
312,816
335,089
346,110
46,691
9,514
9,890
6,013
GENERAL BAL.4.NCE AT CLOSE OF EACH FISCAL TEAR.
1881-82
1883-94.
183081.
18b2-83.
Anseta—
$
$
EK. Wdgs ,eiinipniont,eto. 4,896.174 4,896.174 4,896,174 4,996, 174
Stocks owned, cost
231,-269
231,269
231.385
234,10:
Bills iind ai-cts. receivable
25(i,--63
143,136
187.500
187,73-*
Materials, fnel. etc
144.842
129,543
136,705
168,849
Casli and casli funds
111,463
17,41S
36,305
38,663
Total dislanrsements.
Balance, surplus

,4;

.ft

Total assets

.

stock,

5,514,154

$

S>

S

^

4,000,000

4,000,000

4,000,000

4,000,000

860,0

860,000

li-4,484

lli3.1(^6

80,982
440,006

3ro,000
163.0S4
51,916
412,457

860,000
Kio.ooo

71,848
430,552

5,490,487

5,504,283

common

Bonds and notes

(see

Profit

and

5,504,283

Sup-

ri.EMi.NT)

Dividends
All other dues and

5,490,487

5,52b',884

TjXo hilii ics

iicc'ts.

loss

Total liabilities

5,526.884

5,544,154

>ew York New Haven &

65.81-i

418,471

Hartford.

(For the year (nding Stptember 30, 1884.)
the returns made to the Massachusetts Railroad Cfommissioners the figures below for 1883-84 are obtained. It
should be understood that as a matter of bookkeeping these
returns are compiled differently from tho?e in the annual
report of the company, but the comparison being made with
the same returns of last year will show what changes have

From

occurred
1882-83
Total income
Total expenses

1883-84.

$t).72n,374

$6,887,258
4,828,245

Netincome

$2,0J4,028
$120,358

4,705,346

Rentals

l,53o,6oo

$2,059,012
$419,790
80,051
l,550,00u

$33,188
$2,450,135

$:,459,30lJ

$1,148,925

$1,340,383

2,.501,()23

2,410,9111
6,781, .'02

Interebt a ccrned

20,4 85

Dividends declared 10 per cent
Surplus for the j-ear
Balance, September 30

$9,171

ANALYSIS.
Earning.'? paa.scngcr

department

Eaninig.s freight departmiut
Total transportatiou earnings
Otlier income

6,650,548
78.825
4,409,086

Operating I xpenses

Taxes

29i).259

ADOITIOX TO PnOPERTT ACCOnSTS.
Total for eonstruction
$156,555
Total for equipment
2."i9,871
Ocberexpouduures
:(Oj.OO0

Net

additicjU

$721,426

TRAFFIC STATISTICS.
Passenger mile.Tge
Pas6eii.!,'eri.

.'.

carried

Freight mileage

Tons of fi-i'iglit cairicd
Average rare all pa-'seiigt^is
Avri'uge rate h>cal freight

AveraKC rate
Averago rate

freight

Stookiiollo' s in -Massachusetts

Stock held iu.HaBsachusetis

15,73!!

$206, 'JOT
S206,r,77.77.'.
7,5v2.21,'i

123,743,80;

I*;t8 CIS.
1

'ol etc.
cte.

&

&

California Sontliern.— Treasurer Reynolds of the California Southern has issued a circular stating that a majoritv of
the bondholders have agreed to exchange their first niortgage
bonds for the income bonds which the Atchison proposes to
issue on the whole line of the road when extended to connect
with the Mojave division of the Atlantic & Pacific. The bonds
held by those who have thus far assented amount to about
$3,30().000.
The other holders are urged to come forward
speedily and exchange their bonds.
Central PaciJIe.— Gross and net earnings for September and
for nine months of the year were as follows
:

September
.
1884.
1883.
Gross earnings
$2,19-1,903 $2,426,318
Opcrafg expenses. 1,355,485
1,376,346
Netearning.'j...

2. .81.J.,o
I'Oti cts.
ii'72 ots
1-37 cts.
1-91 cts.

3,54'*

495
$2,337,400

$339,508

Jem. 1
1884.

.

to Sent. ."0.

$1,030,0(2

,

1883.

$16,580,490

Cincinnati Indianapolis St. Lonis

11,824.',)S1

$18.2:5 232
11,631,125

$4,-53,- 15

$.;,e41,l'.,7

&

Cliicago.— The compar>itive earnings, e.xpenses and fixed charges for September,

and for three months of the fiscal year, were as below. The
earnings aro from transportation only, miscellaneous income
being added to profit and loss account at end of each six
months.
September

.

^]M4.

,

If83,

Grops earnings
$>50,"8fl
Upoiai'g expenses. 149, 01

$249. 8.^6
143,125

$101,787

$! 013.760

60 000

50,083

$51,787

$56,677

Netearning.s

Fixed ehargifs
Surplus

^Jtili/lto SeiH.ZO.Smo's—.
18^4,
1-83.
$70i,r,i0
$686,525'
432,674
4iO,'lS9
J1271,9-)5

$:7R,33e

00

130,219

15l>,i

$121,945

$;26.0ST
Central of Xew Jersey— Philadelphia & lleatlingr.—
An application to the courts to compel the Reading
rectivers .to pay the dividend due on Jersey Central stock
on December 1 was made November 20, ' but the court
refused to take any action, on the ground that no decision hasyet been made in the Dinsmore suit involving the legality of
the lease. Tlie petition in the application claims that Reading
has spent $3,049,000 in improvements on Jersey Central. .$600,OUO of which has been paid back in Jersey Central bonds, and
that $1,449,000 is now due. The receivers have said they had
no money to pay the dividend. The petition asks that they
raise

it

plan to

by jiledging assets and

securities.

It

announces a

Jersey stockholders to take a smaller dividend
for some years. Reading has 60 days after default before
Jersey Central can annul the lease and its provisions.
President George de B. Keim, of the Philadelphia & Reading Railroad Company, Franklin B. Gowen and E. C. Knight
came from Philadelphia to attend the directors' meeting of the
Central Railroad of New-Jersey. Tliey brought a statement
of moneys expended by the Reading Company in permanent
bettenuents of the leased line, for the re-payment of which
they asked for an issue of stock or bonds according to tlie
terms of the lease. The matter was referred to a committee
consisting of Pre-ident Henry S. Little, John Kean and ExChancellor Williamson.
President Little said after the meeting " I have not looked
over the claim for improvements made by tlie Reading Company, and cannot say, therefore, what it anicuuts to. The
statement was not even read, but without debate was referred
to a committee, which will have to see whether the claim is a
valid one.
If stock or bonds should be issued for any part of
it, the rental would be increased by the interest on tlieamount.
The Reading has paid some $600,000 on the ]5rincipal of the
car trusts and has built or improved some stations on the line
and has built an iron bridge or two. It was provided in the
lease that it should receive some equivalent for any permanent
improvements on the road.
aslt

:

Cleveland Colninhns Cincinnati

&

London furnish the following
eight months ending August 31

trustees in
tlie

$133,47:'
63,00i

079 .168

[
i'8y
MISCELLAN.IOUS.

Nuinberof stockholders

105,75.'.

4,502,730
325,514

131.051 .708
2, 160 023
3-97 cts.

tlirougli freight
all

$196, 3gO,.029
7

XXXIX.

Boston & Maine— Eastern.— At Boston, Nov. 19, meetings.
of the directors of the Boston
Maine and Eastern roads
wer3 held, and the terms of a new lease of the latter road
were agreed to. Special meetings of the stockholders of the
respective companies will be held on Dec. 2 to ratify and approve the terms of the new agreement. The Jotirhal says
" The new lease attempts to avoid the snag which the old one
ran against in the courts, and is considered very favorable for
the Eastern stockholders. In fact it is reported that tliere is
considerable opposition to the new lease among the directors
of the Maine Road, while the Eastern directors appear to be
well satisfied with its terms. In view of the opijosition that
any proposition to lease the Eastern to the Boston
Maine
will meet with, both here and in Maine, the question of a successful accomplishment of the lease is a doubtful one."

352,15 3

22.816
320,000

(S)

rVoL.

GENERAL INVESTMENT NEWS.

Boston & Providence.
(For the year ending Sept. 30, 1884.)
The annual report says " While there has been an increase
of gross receipts, it will be noticed that the miles run b}' the
more frequent trains have also greatly increased, and the cost
of carrying more passengers at low rates of fare has kept pace
with the returns. Fifty freight and thirteen passenger cars,
six locomotives, with one-tenth ownership in four Wagner
and six passenger cars for tlie New York line, have been
acquired and charged to expense. There has also been charged
to expense $13,103 on account of the Omega bridge over Teninile rirer in East Providence, and $10,368 on account of the
bridge over Mother brook in Dedham on the West Eoxbury
branch."
" On the 31st of January last, a special meeting of the stockholders was held, after due advertisement, when authority
was given to tlie directors to issue notes or bonds to an amount
not exceeding $600,000. This authority, however, has not as
yet been availed of, as the details for the construction of terminals in the city of Providence have not yet been fully com-

Pa8sengei*8 carried

•

Indianapolis.- The
traflic

s:atement for

:

r~Jan. 1
1883.

to

Aug. 31.8 mos.—^

$:,813,418

$2. 447.12-3

I,982,5,i7

1,8.='9.737

Interest, tuxe-, etc.

$8S0,861
411,831

$ S7,0*5
516,892

Balance to credit of inconio.

$3;n>,o;o

$7 1, 79a

Total earnings

Operating expenses
Nt-t

earnings

Additions to property
Total net balance

—

18-14.

260,411

l'^fi.171

$129,619

del $114,378

Denrer & Rio Grande. Mr. Robert Fleming, representing
the Scotch bondholders of Denver & Rio Grande, is reported
as saying that the foreign committee found the road in better
johysioal condition than they expected,
The earnings for 1SS4

1

.

November
V

ill

aftir

23,

1

M
on First.;
bite Kafct^
|Pii\

—

1

THE CHRONICLE.

IBW.]

on the consolldateil
••••''i.>n will be
The renr

:ibout 4 per cent

bonils

'•• iritipR.

Kaii'il

—

not the

fixed

^

i

a

IkvsIh

of ab--o-

capital nxiuin'a provision !
an asawsnient an the stouk sultloient to put the
roa^l in a shape to l>e\vorlie<l more economically hy raiBiiiK th'*
tr:( ili. putting; in iron bridjifes, <Sc.
The consolidrttefl bond
holilere will be asked to take new lionds, bearin^^ about onehalf tlie present interest, and to take income bond;! or preiiieiil-":

I,

;

tliirit,

ferred stock for the balance, Mr. Jackson, the receiver, ha.s
paid the back wages from earniues, and will pay other lloatiii;^ ik'bt from thecarninKS.
Ho has issued no receiver's cer-

Steps may be taken
will not have to.
by and by for a new lease of, or consolidation with, the Denver
York committee will manage
Kio Grande Western.
the foreclo-ure and reorganization, wluch will be reiisonable
and oiiuitable.

tiii<ates

581

Like Shore rond^. In considanitioii of them agMwrnesU
line was leased to the Pittsburg & Lake Erie Comfianjr.
I
I

I

I

'

ritt.Mbiir^ Sonthorn— At Pittsburg, Nov. 20. the frnnchiaM,
projierty, rights of way, brarirbeH. track*, and all the appurlenaiK'es of the PittMburg Southern Kadroad were noU
at
BheiilT'isale to Tlioinas M. Kimr, repreaeuting tto Ualtiiiiore
Ohio Railroad Company, for $.'jO,000.

&

RallroadsOperntedIn N

—The following

.alistract

A New

Elizabeth, N. J.— At Trenton, Nov. 18, in the United States
Circuit Court, Judge Nixon allowed an order, returnable Dog.
1, against the city of Elizabeth, at the suit of Robert Goelet,
to show cause why a mamlamus should not be icsued com.manding it to assess and levy additional taxes sufficient to pay
a judgment of the plaintitf, amounting to $18,000. Some
time ago an order of this kind was issued against the Board of
Assessors, but live out of eight resigned bt-foro the order was
served, and the board being without a quornm, it was unable
to arry out the order of the court. The present order is
auaiii>l the city, and is made very broal, with a hope of compeliiug the city to do something in the direction of paying its

V

'

;

)

I

CHRONICI.K from returns 111
,.;,,. .,
of this State for the quarter ending Sept.

and hopes he

&

Um

I

Dt

iMc/i.iI

.

LeiiHcil li- ti

AVw

Iteeeipu—
Gross onrnliisfi
Operating oxticnsRS

n'.

in

York,

„,.,

itii.,ni(>fii!rfl

*

80, l'iW4:

Aliiinyit
Hinr/iie-

lieiifKr'tacrA

hmiMfi.

tmrnhnjtt.

$1,002,017

I!i:kU,5(>0

7(17.400

40ti01l

a09,4S5

$S14,ai7

«'370,C22

4l364J,U3

9246,791

$269,201

$2'lf,70l
$.i3,831

$2(^8,291

Net oamlnsB

ii!ll74,61S

DtitucliiiiB—
Interest ou finideil debt.

Taxes of

all

kinds

26.370

KentBis

49>.-ia4

MlscuUaucouH

!

f

,

Total dediictlona

$321,868
$322,754

Balance

Richmond Frederlck.sburg & Potomac.—The
year ending Sept.

^jlAiH
report for

Um

shows that the receipts from trail**
portation and rents amounted to $471,70.5; expenses of tr.ansportation, $289,839; net revenue, $181,806. Deducting inti>rpst
on bonds and loans and dividends on guaranteed stock, $S«,!)iJ3,
bonds.
leaves a net profit of $92,947. The President says: "The debt
of the company has been reduced from year to year until iti
Memphis & Cll,arleston.— Gross and net earnings for Sepis now about $135,000 less than it was ten years ago, and dartember and for three months of the ii-cal year were as follows
ing the last six years the annual interest on the debt has beeA'
.—
Seplember.
Jvli/ to Scul. 3:1.
reduced more than |3i,500, while during the same time the
1^84.
1^8?
1H81
IS'^S
annual net profits of the company have been year by year in9t2->l,431
Grogs cariiinps
$li0,:!S4
$10i,:<^2
$3,10.518
80, 1881,

<

:

,

,

^

Oiieratiijg exi>eii9C»

82,IH6

6ti,<i97

2.:<i,;53

201,5!)(i

Net earuings

28,i48

33.285

101,265

&t),838

Nashville Chattanooga & St. Louis.— The gross and net
earnings for October and for the f<iur moiitlis since July
1, in 18S4 and 1883, liave been as follows :
Ortohcr.

.

.->

1881.
$;0.3.737

OpwuUug CipensL'3

$201,320

123 371

Ui9.i36

Noi oaniinfis ...
luterest au<l taxei

SS-fO.UO.')

??2,08

8arp!u3...

\S-Ji.

^Jiily 1
18.-I4.

to

OH 31.^
1883.

f81!>.337
462.4(>1

$ai,245
419,255

5J,2<J1

$1.17,523
22^.81-j

$')ni.!19:)

57.178

$2J,IS3

$36,793

$128,705

$171,007

220.983

New Haven & Derby.—At the recent annual meeting of
New Haven, Edward N. Shelton, of Birming-

this railroad at

ham, explained the proposed connection of the Derby witli
New England at Sandy Ho k. The line, he said, lay in
the Housatonic Valley, and wonld require only fourteen or
fifteen miles of construction, which was but a little furtlier
than if a direct line were put through to Danbury. The connection with the West would give greater facilities not only
thii

to the City of New Haven, but to all intermedi.ite points
along the line. Coal could be brought to New Haven much
cheai^er than by the present method. Mayor Lewis also indorsed the plan. By a un:xnimous vote, the President, Secretary and Treasurer were appointed to negotiate with the City
of New Haven for a settlement of financial relations.

—

N. Y. Lake Erie & Western. A report has been current
that the managers of the fast freight lines of the Erie Railroad
were to be disjiensed with. The plan of the new management
is to first consolidate the lines where more than one is running
over the same route, and eventually to abandon them altogether. This is a part of the general plan of retrenchment.
The officers of the Erie, as a rule, says the Tnne.i, are getting
the highest salaiies in the country. Hugh J. Jewett received
$40,000 a year as President. John King, the new President,
declined to take more than $25,000, which is fixed as liis salary.
Not only are salaries to be reduced where excessive in th.'
judgment of the management, but superfluous officers are 1
he disi)ensed with, and the forces generally, where they will
l)ear it, cut down.
Who can say that Mr. King is not on the
right track, and for Erie an essentially new track ?
Oliio Central.— The Canda Committee of the Ohio Central
Railroad Company have issued a circular to stock and bond
holders in which they say that " by a statement received from
the receiver of the Ohio Central Railroad the committee is
Informed that the gross earnings of the main line from sll
sources, including the terminal property at Toledo and the
rolling-stock beloaging to the car trusts, for the vear ending
Sept. 30, 1884, were §l,008,i;00; the operating expenses wer.;
$704,.536; t le amounts paid for taxes, rentals and tietterments
were ^TO.oiiO: the resulting net earnings were S^C?.")!.'!.'"
As the two C'ltnmitlees on the ri -organization of this company do not agree in their terms, it is des^irable that some
compromise arrangement should be made which will bring all
interesis into

harmony.

Pittsburg McKeesport & Yonghiogheny.— At Pittsburg,
Nov. 18, the lease of this railro.ad to the Pittsburtj & Lake
Erie Company was filed in the Recorder's office. The lease is
for 990 years.
The building of the ro.ad was promoted by the
Lake Erie and Lake Shore companies, under an agreement to
which William H. Vanderbilt was a party, he iiaving agi-eed
to advance the $4,500,000 necessary to build the road, to be
paid in stocks and bonds guaranteed by the Lake Erie and

creased, until they now amount to about $50,000 jier
more than they did in 1878."

Rochester

& Pittsburg.— Mr. W.alston H. Brown,

&

annum

President

of the Rochester
Pittsburg Railroad Company, has issued a
circular to the stockholders asking them to come forward and
subscribe for their proportionate share of the stock of the new
company, under the recently adopted jJan of re-organization.
The amount of new stock offered for subscription is §.5,000,000
of preferred and $5,000,000 of common. This is offered in
blocks consisting of one share of preferred and one share of
common stock, for $60 a block. Mr. Brown makes the following explanation: "A pfrson who holds 100 shares of stock in
the present company will receive 35 shares of the new common
stock without assessment. Then he will be entitled to subscribe for 35 blocks, each block comprising one share of new
preferred and one share of new common stock. This will give
liim 50 shares of common stock out of $10,000,000, which represents the same interest in the property as 100 shares did out
of a capital of $'^0,000,000. Besides this he will be the owner
of 25 shares of preferred stock, costing him CO per cent." The
amount already subscribed to the new stock, it is stated,
exceeds three-fifths of the amount reqtiired to carry the plan
into effect.

—

Sixth AreiHie Railroad. A dispatch from Albany, Nov.
said: The Railroad Commissioners refuse to allow the

20,

Sixth Avenue Elevated Railroad to enlarge its capital stock
from .'^750,000 to $1,500,000, and declare the company's estimates for construction too high.
They also condemn the
issue of $750,000 scrip by the comp my as unauthorized and
an usurpation.
The case is important on account of the
bearings upon the law, which allows the Legislature to reduce
the fares on railroads whenever their profits shall exceed 10
per cent of the cost of construction and improvements.

—

Storm King Bridge. The proposed bridge over the Hudson
River at or neixx Fishkill seems to be an enterprise of much
importance to the Erie Railway, the Pennsylvania, the New
Y'ork & New England and the West Shore. The following
newspaper item purports to give the latest news of its progress:
" It has been decided to begin work on tlie bridge over the
Hudson at Stonn King early in March, and it is estimated that
about a year and a half will be occupied in its construction.
The cost will be not far from $5,000,000, a good ])art of wliich
has been pledged at the East."
•Syrncnse Kinghampton & New York. This company's report, filed at Albany, shows the following

—
:

ijroes eaniinps for quarter ending September 30.....;..]....... $230,5*5
Operating expenses
GU.'^Oi
,.,,.....,.

Netoariunsa
Other Inouuio

$I39,'>7»

Total In-oino
t'ay mouts f i r lut<;rest

$140,833

(i.8i3

and taxes

4 7.33T

$9.^,49.'S
Net iniouic
lexas & Paciflc. Advices from PhiladeJjjhia report that at
a meeting of Philadelphia bondholders of Texas Pacific, the
committee appointed to confer with Jli-. Gould reix)rte<l that
they had asked him to be allowed to name the General ManaThe only
ger, Vice-President and a majority of directors.
concession Mr. Gould was willing to allow them was eight directo fund the coupons of Rio Grande
tors out of seventeen
Pacific ooujions to be paid
Division bonds the New Orleans
in cash and retain their lien. Mr. John C. Bullitt was appointed
to confer with Mr. Gould, and a meeting was t > have been
held in New York on Nov. 21.

—

;

;

&

.

,

THE CHRONICLE.

682
glxje €^0nxittjcricxitl

COTTON.

%i\ms.
21, 1884.

in business circles this

material change is to be noted
This is always a dull season, and the little animation
that is apparent is about all that could be anticipated until the
New Year comes. A general movement has been in progress

No

week.

reducing wages in manufacturing and mining sections, and
to some extent strikes and closing of mills have followed; but
an improvement in these matters is expected to attend the
beginning of the new year. The weather has continued
wintry, snow having fallen in middle and northern latitudes,
and ii is announced that the canals of this State will be closed
for the season on the 1st of December.

Lard futures have shown considerable speculative

Fbiday, P. M., November 21, 1884,
as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening (Nov. 21), the total receipts have reached 258,774
bales, against 269,114 bales last week, 257,041 bales the previous

The Movement of the Crop,

COMMERCIAL EPITOME.
FiiiDAT Night, Nov.

activity,

week and 277,470 bales three weeks since; making the total
receipts since the 1st of September, 1884, 2,220,759 bales, against
2,198,099 bales for the same period of 1883, showing an
increase since September 1, 1884, of 22,660 bales.
Beceipts

at—

Galveston
Indiauola, &o.
Orleans...

New

Sat.

Uon.

3,517

4,715

5,022

....

....

....

Mobile

21,967

5,194

3,535
6,089

75,869
11,388
3.585
33,093

767

767

4,C27

6,832

32,973

327
860
750

5,494

5,931

5,851
....

....

....

....

1,009

925

902

775

6,3C3

6,620

8,487

282
337

390
895
32

...

..*.

....

4,833

8,216

for factory. Eggs firmer at 2G@ 28c. for fresh. The
slaughter of swine at the West is thus far this season much
behind last year, but the colder weatlier this week gives it a
great impulse.
Brazil coffees have been advancing, in sympathy with Havre
advices and the rapid reduction of the visible supply. Fair
cargoes of Eio closed at 10c. The speculation in options cul-

New Orleans...

West Point,<to

5,594

4,525

5,759

....

....

—

....

New York

3,789

....

Ft. Koyal, &c.

....

220

...

211

£0
546

Phlladelp'a, &c.

....

89

....

200

week 29.997 51,4S2 38,643

31,fi0l

Totals Ibis

6,721
22,988

....

445
479

Boston ....
Baltimore

Total.

2,813

Cliarlcston

9,816

Moreli'd C.,&c
Norfolk

@12Mc.

Frl.

2,442
....
....
361
7,545 17,160 12,436
914 1,560
914

3,423

5,611

1,023

;

TImrs.

TVed.

Florida
Savannali
Brunsw'k, &e.

WilmiuKtou

m

Tucs.

5,290 19,067 14.371
2,6S8 2,238 3,032

but as this was due mainly to increased offerings, a lower
range of prices is naturally the result and the close to-day is
at 7-21c. for November, 7-OOc. for December, 7-07c. for JanSpot lard
uary, 7-13c. for February and 7-18c. for March.
has been quite freely taken, but at declining values, closing at
7'lOc. for prime city, 7'35c. for prime Western and 7'55c. for
refined for the Continent. Pork has declined to $13 75@$14
for mess. Bacon is decidedly lower, long clear having sold
cut
pretty freely at 5X@6c. There is a further decline
meats; pickled bellies 6J^@7J4'c., shoulders 5J^@6c. and hams
9M@10c., smoked hams 113^@13c., and shoulders 7@ 7 J^c;
Beef is dull and heavy
dressed are lower at 55^@6o.
and beef hams have declined to $20 per bbl. Tallow is
Stearine is easier at 7^30. and oleomargaless active at 6J^c.
rine 7J^c. Butter has remained rather dull, but choice grades
are firm creamery quoted at 21@31c. Cheese quoted at 814

minated

XXXIX.

[Vol.

.--.

419
300
27

361

327
750
41,270
22,983
1,387
2,907

300
348

41.333 65.818 258,774

For comparison, we give the following table showing the week's
total receipts, the total since Sept. 1, 1884, and the stock to-night,
and the same items for the corresponding periods of last year
1884.
Keceipts to

This
Week.

Iforember 21

1883.

Since Sep.
1, 1834.

Brunsw'k, &c

767

Cbarleston
Pt.Eoyal, &c.
Wilmington....

32,973

274,220
7.676
575.972
92,309
21,857
430,403
6,710
314,762

327

1,217

923

5,494

57,594

M'beadC.,&c

750

3,911

4,555
1,138

Galveston
Indiano1a,&c

2i,9G7
361
73,869
11,356
3,585
36,093

Mobile

Savannab

Stock.

Since S^p.
1, 18S3.

This
Week.

23.263
131
77,675
13.364
2,585
28,169

1884.

51 S45

310,611
6,668
631,021
116.978
15,057
387,510

324

5,898

15,433

251,509
5,656
56,423

1883.

96,164

102
268,136 299,831
14,982

41.619
1,426
120,410 103,029
1,401

84,079
23
23,083

86,003
1,442
18,455

0,276

an advance yesterday, and to-day there was a slight Norfolk
41,270 248,314 31,245
266,879
09,180 57,474
reaction towards lower figures, with the close barely steady
We8tPoint,&o 22,988 141,325
8,329
98,785
11,1S9
7,091
andsellersat 8-45c. for Dec, 8'60c. for Jan., 8-70c. for Feb. New York
1,387
2,890
7,857
110,679 185,817
2,907
27,014
e,710
22.830
4 905
6,310
and 8'80c. for March. Mild coffees have been more active at Boston
300
745
146
2,700
24,480 19,183
full figures.
Raw sugars have declined JgC, and are now Philadolp'a,&c.
348
306
9,007
5,391
7.087 11.453
quoted at 4%@5c. for fair to good refining, but refined, on a
25«,774 2,220,759 222,510 2,198.099
Total
801,316
931,806
reduced production, have shown a fair degree of steadiness,
In order that comp arison ay be m ade with other years, w«
crushed being still quoted at S^ic, and standard "A" at 5%c.
give below the totals at leadioig ports for sis seasons.
Teas have been very quiet all the week.
1882.
1884.
1883.
1881.
1880.
1879.
Kentucky tobacco has continued very quiet, but prices are Keeeiplsat—
still very firmly held, remaining nominally at 7J^@8J^c. for
Galvest'n,&c.
22,328
28,396
17,024
32,006
21,518
27,743
lugs and 8J^@l2c. for leaf. Seed leaf also remains dull, espe" New Orleans.
75,869
77,675
62,024
44,987
65,760
78,896
in

m

|

dally domestic, and prices are barely sustained.

Sales for the

Mobile

week have been 160 cases 1883 crop, New England, 12}^® 34c., Savannah
CTiarl'sfn, &c
including Havana seed 50 cases 1882 crop. New England, pri- Wllm'efn, &o
vate terms 200 cases 1883 crop, Wisconsin, Havana seed, 16(a Norfolk, <fec..
;

;

35c.; 150 cases 1883 crop. Little Dutch, private terms; 200
case 1831-82 cropi, Pennsylvania, 5@18c., and 150 cases sundries, 5@28o.; also 350 bales Havana at 80c.@$l 15 and 125
bales Sumatra at $1 20@$1 60.

AllotUers
Tot. tbls w'k.

11,386
36,093
33,302
6,244
64,258
9,294

13,364
28,469
16,378
5,693
39,574
12,961

11,191
33,837
25,973
8,139
50,502
14,711

16,922
36,886
29,197
9,141
43,953
17,069

14,406
32,570
27,309
8,300
42,441
10,661

21,099
33,668
25,928
6,235
38,435
16,148

258,774

222,510

242,169

232,216

205,192

249,152

2220.7.59 2198.099 2187.240 2123.044 2319.716 2134,998
Galveston includes Indiauola; Charleston includes Porb Royal, »fcc.:
WilmiDgton includes Morehead City, &c.; Norfolk includes West Polnt,&c.

Since Sept.

1.

The speculation in crude petroleum certificates has been
The exports for the week ending this evening reach a total
and prices, on the indications of a reduced yield
of 198,558 bales, of which 125,378 were to Great Britain, 17,393
from recent wells, have been improving, until the decline of last to France and 55,787 to the rest of the Continent, whUe the
week has been nearly recovered, the close being at 72)^c. stocks as made up this evening are now 801,316 bales. Below
Refined has been unchanged at l%c. in bbls. and 9)^ @ lOJ^c. are the exports for the week and since September 1, 1884.
fairly active,

Naval stores have been rather quiet, but at the
advanced slightly, closing at 31^^ @
32c., while rosins were firm at $1 25 @
f 1 21}4 for good
strained. Metals have been without important feature, but
at the close there is a slight upward turn to speculative prices
of pig iron.
Wool remains quiet, and hops have shown

in cases.

close spirits turpentine

depression.
Ocean freight room has continued scarce, and rates have
ruled firm with an upward tendency throughout the week.
Late grain engagements are 6d. to Liverpool, 7i.^d. toGlasgow
and 6i!^d. to Antwerp, with charters to Cork for orders at
53. 3d.@5s. 6d. for steamers, and 58.@5s. 3d. for sail vessels.
Cotton to Liverpool at 7-32d. with a large movement on
through shipments. Petroleum charters are only moderately
active at 2s. 3d.@2s. 6d. to United Kingdom and the Continent; 2s. 6d.@28. 9d. to Cork for orders, and 23. 7i^d.(a2s. 9d.
to Spanish ports; 18c. for cases to the Levant. Lower rates
of freight are necessary to free shipments of grain.

Wtfk

JSnlC»i« Nov.
Exported to—

Exports
Great

from—

Conli-

I

Brlt'n.]^""" nent.
Galveaton

1B,230

1,610

4,842

New

36,639'

8,399

12,478

2,849
1,600

21,005
10,076

Orleans..

Mobile

2,479

21.

From Sept.

1,

1884, to

Exported
Total

Wetk.
22,582
57,410
2,479

Nov.

to

81, 1884.

—

CoiM-

Great
Britain. ^"iice

^,^^

TotaL

64,827

30,437
101,810

109,071
328,776
3.296

6,421
9,712

96,676
62,V30

173,000

4,934

23,648
108,084
228.804
35.836
73,235
21,102

77,7M

1,610

167,106
3,295

Florida.

Sarannah
Charleston*...

Wilmington...
Norfolkt

New York
Boston
Baltimore ....
Philadelp'a,&c

Total

19.194
11,087

1,038

2,078

21,816
7,834
5,532
1,880
1,180
125,378

3,335

6,289

42,818
22.883
3,114
21.815
16,958
S,532

98,778
151,632
35,660

14,890

6,306
62,288

2,921

4S,S01

3,050

21,324

1,180

17,393

55,787,198,558

B7.n07 lX24t 1J.7S9 00940'
Total 1883...
* Includes o cpor^s Irom Port Royal, Ac.
t Includes exports Irom West Point, &ol
.

70,001

71,709
18,714

228

22.493

1.609

144,351

763,978 100,418

883,463, l,242.86«

l>il2.in-3 1.5~.0?l'

WTHMinam

„

NOVKUIIKK

'ii,

THE CHKONICLE.

1884.J

In addition to almve exports, oar telegram to-night also (cive
oa the fullowinK amounts of cotton on Bhipboard, not cleared,
Ht the ]>orts luiined. We add aiiniliir figures for Now York,
which urn prrimred for our Bpociul use by Measn, Carey, Yale
A Lambert, 80 Broad Strnot.

On Shipboard,

Th> Salh AND PiiaM OP FDTmoi an diowB ky the foUoww
ing comprchemiivo table. In the tatemeat will be foond the
daily market, the pric^ti of wilea for eaoh month each dax,
thej-loHine bids, in addition to the daily and total r''~'

^

1

not eltartd- for

Leavin

NOT. 21, AT-

artat

Ji^vwe. Othtr
Biilain.
Foretgn

Ooatt-

42.94S
Noue.
2,400
Noue.
339
None.

8.0H9
None.
4.000
3,800
9,773
1.774
Noue.

NewOrluona

68.548

-Mobile
rhiirU'ston
Huvitnnuli

1,000
11,800

(iiilve.stou

6,042
45,631
1,800
8.000

!8,.^00

Noif(ilk

Now

York
Other i>ort«

12000

40,084

132,304
140.345

23.423
19.345

69,341
1

41.233

1

80..'!

{

138,400

128,730
13.9^2
93,879
85,910
34,820
20,451
111.529
65,975

1,000

None.

30.200
34.900
17,019
48.720
S.150
10,000

18,038

283,404

615,912

0,439
14.291

206.404
260.623

729.402
479.878

12,600
4,263
1,304
2,9S0
2,000

400
None.

131,941

Total 1834.

Totalises

Kite.

34,224
None.

Slock.

Total.

583

3

^lli

Bl S

;?;!

:

1 i li

'^r-

^

3*

u

i*

illHI
M

lii

^

^rf

^

fii

1

?

09

5ot#,5.

r-o>c5-

l!

8
00

<0

MM ^

1

•-•

b!^m?

M

8

;

1.

If
1

B !l

fill

OS

MM ^ MM ^ MM ^
99 ? 99 ? so 7 S5
>
01
S
M
There has boon an active and buoyant speculation in cotton
S MM
« KS ^
MM
S2
A 2g au;
<»
»
0": «•
«
for future delivery at this market "during the past week, and,
9
!;t;'-i:;
althougli each advance in prices has been followed by some
OOoO
COoO 9999 9929 ooSo POoO 7
T
s
s
»•«**
If.*-**rt-action, there is in the aggregate a decided improvement as
1^0 OD UU 03 hooD (J va, 03
-M ^ H*M [^
compared with last Friday. A dearer market is reported at
ft;
So 5
=
«?9
17
9
99
<
5 99
Liverpool, and Southern markets have shown an upward
ecu
kl9 »
22 t
m
Total 1882

12

55
St

-ji

ST

:

1

tendency; but the buoyant feeling that has at times been
exhibited on our Cotton Exchange was caused m.ainly by the
reduced estimates of the out-turn of the current crop of cotton and the revival of speculative confidence arising therefrom. On Saturday last an early advance was more than lost
at the close, but on Monday there was a very buoyant market,
an advance of 15@ 10 points having been made. An early
advance on Tuesday was followed by a decline, and the close
was lower, except for early deliveries. Wednesday opened
buoyant, but fully one half the early improvement was lost,
and tlio close was weak. Yesterday speculation was dull and
values drooping, but toward the close there was a sharp
upward turn on a demand to cover contracts, the market
having evidently been oversold. To-day the tone was dull
and weak, under a check to speculative buying, but as compared with last Friday the close is 18 (a 37 points dearer.
Cotton on the spot advanced 1-lOc. on Tuesclay and i^c. on
Wednesday, but the business continued on a limited scale,
mainly for home consumption. To-day there is a further

So.

10

—

13

Sat.

Kov. 21.

'

mon'Xucs

1

^^

ceo

M

^M ^
00
09 !;
a
^ilk

8

8

Strut

87,g
914
9»8
978

914
9»R
97«

oril..

Good Old..
Str.G'dOrd

LowJIiddV
etr.LwMid

h''ifl

101, « 'WU.
MlddliiiK.. .11014 !l0>4
Good .Mid .'IOI16 llOTig

GM Mid

10»8

Mldd'gFnirll
Fair

|ll»g

Wed
Ordin-.v»a)
StrictOrd..
Good Onl..

83,8
858
97,.
913.8

Sat.

1

w J'*."'
M 9.=:
M M
-.3

Cfla«oA
10

oiw
1

•"g

«

lOSg
11
1158

Til.
83,8
8»e
97,.

8^

9»t»
911,8
915i«
lOiR
105,8
lOli
1011,6

lU.i
ll'll8

FrI.
8I4
811,8
9i«

8I4
811,,
Bi«

2

90:

Good Ordinary
Btrict Good Ordinary
JliddUiig

Middling

8?t

Wed

87,0
S'a
9"'te

FrI.

Til.
87,8
876'
911,8

non

Sat.

^Ib.

8i!,t

Wed

10^

V'CiOci

8ifl

S13j6

7»8
oie

738
8i|«
91«

9%

9%

,

;

:

:

\

919
y'8
1018

103,6

104,8

1038

lo^

101»,6

Th.

1

87,8
S78
011,6
101,
105,6
10>3
1011,6
1078
III18
llTfl
121,6

2

^-IOm

Tueai W^ed Tb.
713,6
838
S>a
95i8
93,6
9'3,gl 9l»|8

711,8

^\
lOia
1038
10«,8

10%
101!.,6
lllfl

im

r>

9§

MAKKET AND

SALES.

SALES OF SPOT AKD TRAUSIT.

SPOT MARKET
CLOSED.
Sat.. Quiet
.|yitirt

Wpd

.

and steady

Tliurs Stoady
Frl. cjuiet at 1,8 adv..
.

The

Con-

Ex-

sump'

488

Deliv-

Spec- Trail

I

port,

112!

<i't&st'y, i,8adv
Dull at 18 adv ...

lotal.

itVt'n
....
....

sit.

900

110

337)
2421
516i

....

.2.0431

110

348a)
'I

BOO

Total.

Sales.

112

71,200

1,388

7i».10O

eries.

300
300
900

447 146.4(0
24 2 109.700

1,000

5 Hi l'.iU.400
34«, 139,300

900
400

3.0.'i3«72.'.0O

S.SOO

daily dnllverict given above ara notiui'.lv delivorod
t j Uiat oa wlii'.:u tiioy are reportccU

previous

,m

a>

<c-j.«->

9m:

-

l^Co

the day

ft

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'-r

II

FH.
77r

The total sales and future deliveries each day during the
week are indicated in the following statement. For the convenience of the reader we also add a column which shows at a
glance how the market closed on same days.

Mon

-

C09
MX
MM ^
^
5 99 5
99
OOOO 2
co^ 2
up. t -»
>-"-y^^

1218

713,6
Sij
838
a
0»i6
918,6 to

1

MM1,f-

3

<x:

3 M

00 ^ CO

<id>Coi

,.~k-i

I

1

'

Id::

l«:

11:

11;

1
:

11
1

«:

1

li

1

11

:

1

«:

1

li

1
:

'

1

•;

1
:

'

1

•:

1

li

1
:
•

;

~"

II

!«:
1

I:

1
:

II:

>

>
^

Tues

»w;

IC^

9'«i(!

Hl!',6

»

*-

<-in^"*

• —
MMM mm"*)
959 9950 1

if.Ou''

ato:

^,:u

»i«

5^

2

lici

oooO csoc

M>

FrI.

M

00

M C y< 03 tCOi M CJi<0
t^r*
MM >,
00 5^ 00
5 oo 5 oo
cc,o-'

<0

im im

in"

STAINED.

8«,6

C»—

Oi^^-^
«°°:

T*^:
h-h-M

ooao ooso OOgO 0050
-1-1

1

8H

dp:

OD 01

1

1011,6 1011,6 I0!|l
1078'" 101B|6
10»R
115.6
1178
U78 1116,8

97a
1018
10^18

87,6
S7s
911,8
9\
Str.GdOrd
913, „' 9'a
ioi,rioi,8 1016 101,;
LowMidd-glOi,a 101,8 10% 105 8 103,i 1038 10i,6
Str.L'wMid 1014 lOU 105,8 louj lioV 10»16 101s
Middling... 107,8 107,6 10 >«
1011,6
1011,8 1011,8 losj
Good Mid.. 10»B 10»8 1011,6 10^8 |107a 10!5,„ 1078'
8tr.G'd.Midl013ic 1013,» lO'a
111,8 111,8 111«
lUlB
Midd'g Fair 113,« |H3,i 1II14
1171, 11' B 111,
Fair
ll'3u 1113,8 ll'e 12ll„ 121,8 1218 1216

Low

KM

1

»-•— 01'-'

^ MM ^

^IC-it.""

w

M

HI-.J

1^

pi'*.^

i(».*-CO**

»w:

,-1

T-

M*.

M30

8>4
85,8
811,6 811,8 8^
OI4
«»18
9>i
91S,„
9^8
g'a
I0i8
loia
103,8
lOhd 105,8 loai
io4 10>«i 10»18
1011,8 1011,8 10%
loV \0-'n 1015,6
n>4 11'4
1178
U's ll"l«

3

fr'

--!«'

iil:;iS^
03 ^^

Mou Taes

nton Tues Sat.

8M

81,8

^
5

>»

1

M— ^ — iw ^i-t IW MM
* 99 ? 99 ? 9<? ? ^
99
i»^ » ikCd » K^io 2 uto s a

[w
5-

otu

1

<0

TEXAS.

OKLEAK.S.

J>OI

ew: tio.-^:
90:
t-t^:.j^ ^t^iO"
OOoO ©0=0 COoO MMoM
COot> sodo oo^o *
^
-•M = M
-ICO
K
«o * OlM 00 ,-0>
MO W OW
Ml-.
1

1

Ordln'y.^Ib

8tr.

NEW

UPLAJIDS.
to

8

is:

OOk}**

*•

a.-j;
• '!•
9 a:
mmacM mm;.,m
M — ^,M

ffi

A'ot).

WiO»

:

1

;;

'

MOO

:

1

<

advance of l-16c. and middling uplands close quiet at lOJ^c.
The largo exports continue to prevent any important accumulation of stocks in store.
The total sales for forward delivery for the week are 672,100
bales.
For immediate delivery the total sales foot up this week
3,053 bales, including
for "export, 2,043 for consumption,
110 for speculation and 900 in transit. Of the above, 29 bales
were to arrive. The follo%ving are the official quotations for
each day of the past week.

s
''

a»j

:

1

1

^
s

"i

'«

1

'

«:
1;

i
:

?
II

|«:
1

1

11

:

IS;

1
:

III

li

'

1

«:

1
:

III

'

1

«:

s
:

III

£

Includes sales In September. 1884, for September, 158,'JOU aeptember-October, for October, 121.800.
..
^ „
ra^* We nave Included In tne above table, and snail oonuaue eaefe
irSL to Klve, the average price of futures each aay for eaoli month. It
" Aver." The
will be found under each day followluK the abbreviation
averaee foi- each month for the week 1« also irtven at bottom of table.
Transferable Onlers— Saturday. 10-250.: Monday. 10-4.'>c.: Tuesdjkf,
10-43C.; Wednesday, lOloc; Thursday, lOSio.; Friday, 10 ."iSc.
;

The following exchangee have been made during the week:
IS pd. to exch. 100 Jan. for Feb.
Even 500 Nov. for Jan.
•2i# pd. to exeh. 200 Jan. lor Mar.
•15 pd. to exon. 100 Jan. for Feb.
•09 pd. to frxcU. 100 Dec. for Jan.
•09 pd. to exch. .^00 Dec. for Jan.
•37 pd. to exch. 600 Deo. for Mar.
14 pd. to exch. 100 Jan. for Feb.

|

I

-15 pd. to exch.
03 pd. to exclL

Even 100 Nov
-14

I

i

1

i>d.

-O:! iMl.
i:j pil

I2p<l.

100 Jan. for Feb.
100 Jan. for Nov.
fur J»d.

to exch. aOO Jan. for Feb.
to exch. 1.0 HI J au. tor Not,
to exch. .'ixi J.m. for F.-b.
toezcta. 100 Jan. for Feb,

5

...

THE CHRONICLK

5S4

as made up by cahle
as follows. The Continental stocks, as well as
those for Great Britain and the afloat, are this week's returns,
and consequently all the European figures are brought down
to Thursday evening. But to make the totals the complete
figures for to-night (Nov. 21), we add the item of exports from
the United States, iucludmg in it the exports of Friday only.

The Visible Supply of Cotton to-ni;^lit,

and telegraph,

is

Btont at Liverpool
Stock at Loudon

tales.

Total Great Britain stock
Stock at Hamburg

Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock

1

.

'

at Bremen
at Amsterdam
at Rotterdam
at Antwerp
at Havre
at Marseilles
at Barcelona
at Genoa
at Trieste

4';.').000

477 000

475,000
2,000
50,300
38,000

563,500
2,000
21,900

Total European stocks ....
India cotton aflo.U for Europe.
Amer'n cott'u afloat for Enr'pe
.

Stock in U. S. interior towM..
United States exports to-day..

78,500

494,900
22 liOO
48,700
12,700

«,.i00

American

afloat for Europe...
United States stock
United States interior stocks..
United States exports to-day

Total American
Bast Indian, Brant,
ttverpool stock ...,

732,510
68.000
414.000
33,000

Meiiipliis

764,700

762,300
76,000
495.000

9.i,000

519,000
44,000
710,401
218,190
28.300

,15,000

931,806
313,392
16.6J0

Total East India,
Total American

231.000
188,000
495,000
931,806
313,592
16,600

901,iJ86

325.903
6,600

350,000
108,000
414,000
901,0S6
325,903
6.600

220.000
87,000
519,000
710,401
218.190
28,300

265,000
78.500
114.200
95,000
44,000

201,000
46,000
96,b09
76,000
53,000

193,000
54,000
140.000
49,000
44,000

Londonstock
Continental stocks
India afloat lor Europe
Egypt, Brazil, iteo,, afloat

9%

PhiliKlelpUia.

1,973,731 2,175,998 1,812,891 2,105,589

Ac—

Orleans,

237,610

281,300

212.41
1 1 ,00 J

.

9''8

201,200

251,0)0

228.000
111,000
610.000
801,316

New

...

8.200
6,200

American^'
bales

Galveston

970

116,000
2,700
30,000

Mobile

Savannah

Boston
Baltimore

Augusta

38 990
129,610
68,000
33,000

Week
I

.

The above figures indicate a decrease in the cotton in sight
to-night of 194,.5G7 bales as compared with the same date of
1883, an increase of 46,140 bales as compared with the corresponding date of 1882 and a decrease of 25,368 bales as
1881.

the receipts
for the week and since Sept. 1, the shipments for the week, and
the stocks to-night, and the same items for the corresponding
period of 1883 is set out in detail in the foUowina; statement.
is

—

ot

^-

ai 1^

958

9\
9%
9'8
OH

958*%

9\
9^

il^8
9!«»

0\

9'8
9«i

lOlfl

10
10
lO-lOlis

10

101,6

lO'is
loia

101.1

10%

10%

10=8

lOifi

101a
103e-l0ia
Kl^B

10=8

9%

9;'4

9%

10

10

10
93l

10

10
10

10
10

lOie

10

1883.

i

1883.

I

1884.

1883

1882.

I

18^4.

ReC fits from PlanVns.
I

I

28,688

33,803, 18,,3371

519

53,578

18S2.

18S3.

1884.

49,512
77,221

61,318

43,,821

,115

68,9,S9

98,S19| 80,,73T

,985

75,179

16,884; 29,691

37,728
20,4271 52,11)8 69,781
24,317] 88,093 113,000
j

3.,

10.,

week have been

movement—that

10

1038
1014

10%

915i8

I

Sept. 5

10,.

the

10

9'^8

10

10i,e

10

9I5i,
915 16

Receipts ai the Ports. St'kat Interior Thwiis.

^"*"»12..

Towns

i>~s

F)i.

lOlia
1018

We

17,,

24.,

Isteriok

101,8

9^8

9^8
9'8

T/itirs.

A^eek from the plantations.
Receipts at the outports are sometimes misleading, as they are made up more largely one year
than another at the expense of the interior stocks.
reach,
therefore, a safer conclusion through a comparative statement
like the following.
In reply to frequent inquiries we will add
that these figures, of course, do not include overland receipts
or Southern consumption; they are simply a statement of the
weekly movement from the plantations of that part of the crop
which finally reaches the market through the outports.
KECEITTS FROM PLANTATIONS.

63,000 bales.

At the

10

9%

I

Receipts froji the Pl.vntations.— The following table is
prepared for the pui-pose of indicating the actual movement each

28.,

compared with

10

108.0011

396,700

into Continental ports this

10

10%
lOH

Cincinnati...
Louisville

Wednes.

Tties.

1014
lOia
10»3
9-^

Louis

2,435,731 2,650,298 2,409,591 2,481.099
Total visible supply
6i6d.
5%d.
5i»i6d.
6^i.
PriceMid.Upl., Liverpool....

t^~ The imports

9 '8
10

,.

Norfolk

375.510

474.300

482,000

10

.

Wilmincton

St.

Mon.

941
9^8

..

.

Chaileston

1.973,731 2,173,998 1,812,891 2.103,389

&0

—

CLOSING QnOTATlONS FOB MIDDLING COTTON ONSalur.

2.090
126,000
3,50J
13,800
4,000
3,8S0

Of the above, the totals of American and other
Liverpool stock
Continental stocks

Nov. 21.

700

l.SOO
4,500
132,000
6.000
35,000
6,000
9,000

2,1.05,731 2,650,2:)8 2,109,591 2, 481,099
descriptions are as follows:

Total visible supply

Quotations for Middling Cotton at Other Markets.

In the table balow we give the closing quotations of middling
cotton at Southern and other principal cotton markets for each
day of the past week.

1.400

1,700
135,000
6,000
23,000
6.00J
8,000

728,000
49,000
610.000
44.000
80i,3l8
212,415
11,000

Egypt.Brazil.&cafltforEVpe
Stock in United States ports

4iG,000
38,903

XXXIX

bales less than at the same period last ye.ar. The receipts at
the same towns have been 38,030 bales more than the sameweek la.st year, and since September 1 the receijits at all thfr
towns are 151,991 bales less than for the same time in 1883.

Week ending

yoo

Total Continental stocks

18S1.

1883.

43J,000
46,000

4,000
33,400
33,000

-.

1892.

1884.

423,000
34,000

[Vol.

31,,
.

032118,,483
,6;2 1<)5,778 88.135, 153,116, 155,831
,863 137,538 49,497] 210,123 197.219
179,883 183,181 188,,731
206,138 228,HU7 205,,313 95,,«73 161,915 88,108' 324,919 238,278
242329 257.2T8'84a,,389 125,,0,S9' 202,9 ro 92,83l' 271,893' 293,3 il
211,738 2;2,S13|285, 1 13 '139,3172.38,988' 129,511 250,010 288,881
l»fl,479 125

258,833

7.,

263,251

14,,

259,131
242,189

21,,

16.«5»
48,187
81,627
130,301
183,083

223,934
266.835
321,989
241,921 277470'l75,093;278,734 158.05-(j'293,39^ 281,869 301,017
287.eol|257,011 811,'71o[813,21U, 171,998 298,809' 301,119 275,97i>
212.078 289,,111214 123 313,939 198,970 291,537' 272,758 293,088
223.5101258, 774I259, 1751359,7481 229,539' 257,231' 238,329 389,343
j

—

The above statement shows 1. That the total receipts from
the plantations since September 1, 1884, were 2,433,033 bales;
in 1883 were 2,508,691 bales: in 1882 were 2,439,930 b.ale3.
2.
That, although the receipts at the outports the past week
were 258,774 bales, the actual movement from i^lantations was
289,343 bales, the balance going to Increase the stock at
the interior towns. Last year the receipts from the plantations
for the same week were 233,329 bales and for 1832 they were

—

357,221 bales.

c*

2.

cc.2r-5=- ?

~ = >3 =", = =

s.

=

="?

"

Amount of Cotton in Sight Nov. 21.—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 aa to give
substantially the amount of cotton now in sight.

O *•

~

S3
8 2:

^

Qc o'co Of JO 00 CD ro cc c;
w .-I ^^3 la
^ICir tO*.|*k-XiCO^]OicO*k*Ccr;XMCOWC3
0iCQ0t0t0C»C0Cn9OU03Cl^C^lf^C}iEvOl->

'tD*^.*~D'

o a' *. .-

1884.

13

a*.CMocpQo
occii^torf^T- CO
O — re- IC .—

(XtvCrfT. pt.,f.a:OCCrf^^lOQf^rf^lOW^OCi

v.

\

tOC*.poWM^l

o
c ut (c'^ic CO v. c to OoV'io'o- o':o W
^i:^*-CtOCO.-OC:^ICDOCOWXO-IOwt
rfi

..I

w

pootoc»<iMC,;cp:p5D

"ccMWW^lVi

ccocccco'aac-.'co' coVici^w'r
(toQLCrf^cOr-o»-0;t-'.

HMW

p>

o:cs^*.*ian-'

If..

to

CO

WtwO'-OOt-'

^

pOMCOp

MtO<lCO

X

a

*» ut

!*»

November 21

03 to

«V

tOW^COOTtOtOCJi

s3

tf^^ryb: 'to
<icoV Ki'co M X cooo to
^o^otooccI»^^co-..4tococ. co-.o&;if.wi)io
(»o". cni*.,&;i^)f-cocjxa>o:MN-c.jr-cDtoco

a b

to

CDtStO

10

fcoccopcspp

Ifr-OO'CCCOtOCO
QO -

1

0-.

o;

^rt»'cD •CJl 00 I** yi

II-

r.,..

C

V 00CJ M
O
.-*

<I^OOOO'Ot-'

© p WJ." en M
j

"h-

I

zjf

C:

The

'i^*)Od'o«*.M
It.

i

oi y. CO

ycM

h-Oir-loCflOM

OlMtOiffcOi-'Mt-'CnM

to.-x,t.oCO*-CO

W crw rf..p C» to ppx*. p GO ijkj.4 CO -XXl O
VoiCo'^^O'^icoaDO — c»coIi^'h-*K-cDiuo
M to yi 00

„-'

Wjop*.-

^ bO

-'to

*-

OS to 0» *- lU >^

Ml-'

CD

.-• If.

Q Go ^

...

to

-MM

P.^|0<I3;tO*,»^piFk; ^*»-p'D<)0*.QD
OiO'O'-'CDH'w'ift.oCn' ^l^rfk -" to J--.30J
cr)

o

>t^

to 00 en M.

470,9981

5S?,129

c;i ip.

to

i-i

,u

COOOOXGDOoyscOlfk, i^^*.WtO0-.CTiCn

weather continues

to favor crop-gathering, and reports that picking is approaching completion are becoming more general. Tliere has been
killing frost over a large portion of Texas, but, as our correspondent remarks, with little actual damage, as tlie crop
had been about all secured in those sections. ±Qlling frosts
aie also reported at Fort'Smith, Arkansas; Auburn, Alabama;

—

-ioooDCfl»j'It.,CDVcotoVi*i.^cDCi^a»*I-,— tOCiOD^-l-.OC-tOCOaiOOCI'l— W'ltoji^CO
i-'OicnccotocDi^cOMxtoa'. iO-..l»^-if*i^

CO

523,452

and Atlanta, Georgia.

*1 CO OT CD a> CO CT- o; Oi ^^ CD ri; CC 05

CCOD^ICOO: l-^GDCitOh-aj^COCOtOCO#.CX>

ppwtOfct.

2,694,550 2,582,787,2,615,763

Weather Reports by Telegraph. —The

to

w

21.

be seen by tbe above that the decrease in amount in sight
to-nlRbt, as compared with last year, is 113,193 bales, tile decrease as
compared with 1882 is 1,430 bales, and with 1881, 34,405 bales.

OO'tOW^tO,^,^
WCCJi^IMOtOQO

fO

November

It will

pv-^K)

WCCCMOM^IP-r. c;

1831.

NTtliern spinners' takings to

rf^

tOOSdool—OiCDOiUtOCCtOWr-ClUiOOtOCO

..J

<1

.'<JW

CX)V*'-'*fctO'-

.TO CO - X
O
Oi
U> CD :£ to O
1

Total in sight

t3

tCM
p>-CO
coViVjwcc'^b

1882.

Tot. receipt? from planta'tns 2,433,083'2,508,691 2,429,930 2,414,879
98.274 126,839
93.8.57
Net overland to November 1..
120,083
30,000
59,000
Southern coneumpt'n to Nov.l
59,000
45,000

^xo.-^l^'-'^]wy«Wit-cc,-';;-co*-^*fc

C!'

M'.DO'CDO-WtO

1883,

ReoeJpl s at the ports to Nov.2 2,220,759 2,198,099 2,187,240 2,123,014
luti-rior stocks <in Nov. 21 iu
212,324 310.592 242,690 321,635
excets ol September 1

I

y

3"

I
I

I

above totals show that the old interior stocks have
^nc} eased during the week 30,435 bales, and are to-night 101, 177

Qalveaton, 'J'lxas. It has rained on one day of the week,
the rainfall reaching fifty-five hundredths of an inch. The
thermometer has averaged 64, the highest being 74 and the
lowest 48.
Indiauola, Texas.— We have had rain on one day of the
week, the rainfall reaching thirty-nine hundredths of an inch.
Picking is progressing finely. The thermometer has averaged
63, ranging from 46 to 75.
Palestine. Texas. There have been showers on three days
of tlie week, with a rainfall of sixtj'-six hundredths of an
have had two killing frosts during the week; the
inch.
plant is killed, but the actual damage amounts to little, as

—

We

'

November
about

nil

THE CHRONICLE.

S3, 158J.J

thcriiioiiieter

New
wfck.

The kilHiiK frost
three-(iuarter8 of tlin State,
fniiii !{2 to 72, averaging .'):).

the crop had been secured.

conlliied to tlio northern

has

Or/vitns,

riin)j;t'tl

Luumiann. — U
rcachiiij;

rairif,4ll

ti:t'

liius

fiijlit

—

ijfDiA CoTTo.^ Momnt.1T raoK au. Portb.
was
W* Hst*
The re-amuiged our India service no aa to make our reporto mora
detailed and at the Dame time more accurate. We had fonnd

rained on one diiy of the
of an inch.

it impofwible to keep out of our flguree. aa cabled to ua
for tha
ports other than Bomliay, cargoes which proved only to be
shlpmenta from one India port to another. The plan now
followe<l relieves us from the danger of this inaccuracy and
keeym the totals correct.
first give the Bomtiay 8tatem<««
for the week and year, bringing the figun-g down to Nov. 20.
BOMDAT RacBIPTB AND SHIPMENTS VO» FOCB TSAJU.

linndrt-dthH

The

tliornionietcr has averapfd Vii.
tihii ivport. Lot! i.titiiia.—Davinff the woelc the rainfall his

reaclii'il one iacli and miven liundredthx.
A cold wave passed
over thJH Ntation tlio latter ])art of tlie weelf. Average tliermouieter 58, liJKhest 70 and iowest 82.
The weather lias hoon cold and
Vicks'jtiriJ, Minnisnippi.
dry with no rain during the week. About two-third.i of the
crop has been picked, and one-half marketed. Tlie thermometer lias ranged from lil to 70.
i.•s i us ippi.— It has rained on one day of
Vilunibtis,
the
week, the rainfall reaching eighty hundredths of an inch.
LWle Rook, Arkan.iaa.—'iAonii&y, Tuesflay and Wednesday
\\-iri> cloudy with rain on two days, and the remainder of tlie
wir\ li.Ts been clear and pleasant. The rainfall reached thirtyfinlit liundredths of an inch.
The thermometer lias averaged
51, the highest beinjj Oi) and the lowest iil.
Last week it was
cloudy on three days, with very light rain on two, and the
rainfall reached five hundredths of an inch.
The thermometer ranged from lio to 68, and averaged 54.
liave
Foit Smith, Arkansas. We
had rain on one day of
the week, the rainfall reaching two inches and thirty hundreiitlis, and doing some damage to the unpicked cotton.
We
bail heavy buck frost on the morning of the 19th.
(Jotton is
bci:.!,' marketed freely.
The thermometer has ranged from
28 to 70.
Helena, Arkan.ias. The weather has been cold and dry
during tlie week, with light rain on one day, the rainfall reaching four hundredtlia ol' an inch. Cotton receipts are about
90O bales behind liu^t year, and the staple is about all out.
Planters are marketing freely. The thermometer has ranged
from 3-1 to 72, averaging 44.
ilemphi.s; Tennessee. We have had light drizzles on four
days of the week, the rainfall reaching sixteen hundredths of
an inch. Picking and marketing are making good progress,
and in some sections picking is virtually completed. The
receipts this week are the largest on record. Average thermometer 5;?, highe.^t 70 and lowest 3G'o.
Nashville, Tennessee.—Vfe have had rain on one day of the
week, the rainfall r« aching nineteen hundredtlis of an inch.
The thermometer has averaged 50, the highest being 68 and
the lowest 37.
Mobile. Alabam.n. It has rained severely on one day of the
week and has been showery on one day, the rainfall reaching
one inch and twenty-three hundredths." We have had frost,
but not killing. Picking progresses finely. The thermometer
has averaged 50, ranging from 36 to 72.
Montgomery, Alabama. We had much needed rain on two
ilays in the earlier part of the week, but the latter portion lias
been clear and pleasant.
The rainfall reached sixty-nine
hundredths of an inch. The thermometer has ranged from
42 to 74, averaging 50.
Selina. Aiabuina. The days have been warm but the nights
cold during the week, with very light rain on one day. Average thermometer 51, highest 65 and lowest 35.
Auburn, Alabama. It has been showery on two days of
the week, the rainfall reaching eighty-four hundredths of an

We

—

8Mpm*nU

—

OantiBrit'n. nent.

1881
1883
1882

2,000
«,000

—

1881

1.

7.010
4.'

We had killing frost Thursday night.

n.ooo

00 10,000

000

11.01101 1'J.OIIO

Stettpt*.

Tolat.

BrUaiH

TMt

tHrt*

Week.

J»H.l.

.''lOT.ooo n.'s.t.ooo'i.irio.ooo

o.uoo l.tiOO.OOO
7H7,666 1,247.000 20.000 l.f 49.(00
000 l.40.^,ooo la.OOO I.6«t3.r00
.llti.OOOI.^HO.OOO
0l«,00O ll>.0O0|l,2ft8.00O
'
-11:0,000

BMpmentB Hnee Janiutiy

BMpTnttitt for the week.

Great

Oonli'
nent.

BriUxin.

Total.

Ciluuita—
1881
1883

18H4
1883
others—
18f4
1883

1.600

Continent.

Britain.

.. ....

82,300
86,200

l.'OO

56.000

Madras—

1.

Total.

42.700
10,800

125,200
97,000

•M,aM

i,oo6

S6.000
30,600

All

3,S00

i.oco

4,500

72.800
47.000

42.000
17,000

114.S00
6 1,000

6,C00

1,000

6,000

211,300

84.700
28.800

296,000
191.60O

aU-

Total

1681
1883

162.'(00

The above

totals for the

week show that the movement from
is 6,030 bales more tlian same

Bombay

the ports other than

week last year. For the whole of India, therefore, the total
shipments since January 1, 1884, and for the corresponding
periods of the two previous years, are as foMows:
EXPORTS TO ECROPE FROM ALL INDIA.
1881.

Shipments
Europe
from —

to all

Bombay
AUotUer ports.
Total

—

has averaged

Total.

1.

OonH-

According to the foregoing, Rombay appears to show a
decrease compared with last year in the wwk's receipts of
14,000 bales, and a decrease in shipments of l,()Of) bales, and
the shipments since January 1 show a decrease of 83,000 bales.
the movement at Calcutta, Madras and other India ports for
the last reported week and since the 1st of January, for two
years, has been as follows.
"Other ports" cover Ceylon,
Tuticorin, Kurrachee and Coconada.

—

—

Onat

2,000| 4,0OO| li.OuO 741.000 M24

—

—

Skipmenlt nnes Jon.

tktt wttjc.

rear area(

H

inch.

685

Tliis last

Thit
week.

1883.

ThU

iStnee

Jan.

Jan.

week.

1.

1882.

Since
1.

9,000 I.IBO.OOO
6.000 2.)6,000

10,000 1,247.000

ir.,000 1.156.000

10.000 1,433,600

Irf

1,600

ThU

Since

week.

Jai%.x.

6,000 1,105,000
2.00J,

203,000

8,000 1,698,000

statement affords a very interesting comparison of

movement for the thi-ee years at all India ports.
Alexandria Receipts and Shipments. —Through arrangements we have made with Messrs. Davies, Benachi & Co., of
the total

The thermometer Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and for the
We
corresponding week of the previous two years.

highest being 73-5 and the lowest 35.
Madison, Florida.— It has rained on one day of the week,
the rainfall reaching fifteen hundredths of an inch.
have
had frost, but not killing.- Tlie thermometer has averaged 59,
54-8, the

ranging from 39 to 75.
Alexandria, Sai/pt,
1882
1884.
1S83.
Matron, Oeorgi t. There has been rain on one day of the
Kocemljer 19.
week. About all the crop has been secured, and about twoEeceipts icantarB*)—
thirds marketed.
200.000
180,000
This week....
170,000
C'lumbus, Oeorqia. We have had light rain on one day
1,013,OCO
Since Sept. 1
1,002,000
676,000
of the week, the rainfall reaching thirty-four hundredths of
Sinee
TMm Sinu
Thit
TKie
Sinee
an inch. Average thermometer 53, highest 68, lowest 32.
week. Sept. 1. weeA. Sept. 1. week. Sept. 1.
S'lvannah, Oeorgia. It has rained on one day and the remainder of the week has been pleasant. The rainfall reached Exports (bales)—
76,000 7,000 65.000 lO.OCO 46.00O
'I'o l.iv©rpooi ........ 10.000
sixty hundredths of an inch. The thermometer has averaged
9,000 23,000| 4,000 25,(jO0 3,000
4,000
To CoDtlnent

—

—

—

the highest being 71 and the lowest 48.
It has rained lightly on one day, and
the remainder of the week has been pleasant. The rainfall
reached twenty-four hundredths of an inch. About all the
crops has now been secured. Ginning has been delayed by
scarcity of water, occas-ioned by the recent dry spell. It has
been impossible to run either steam or water gins, thus causing a large accumulation of cotton in gin-houses throughout
the country to be ginned and marketed yet. The season has
been good for picking, and the product is remarkably good
•lO,

Augusta, Georgia.

and clean.
40 to 74.

—

The thermometer has averaged

53,

Total Europe

averaged

52'7.

90,000 13,000

50.000

Manchesteb Market. —Our report received from Manchestc r
to-night states that the market
for to-day below,

ranging from

is

We

firm.

and leave previous weeks'

give the prices
prices for

com-

parison.
1883.

1884.

32( Oop.

twitC

—

Chnrle.ilon, South CaroUim. It has rained on two days of
the week, the rainfall reaching fifty-three hundredths of an
inch, Average thermometer 59, highest 73, lowest 48.
Stateburg, South Carolina. It has rained lightly on one
day, and the remainder of the week has been pleasant. The
rainfall reached fifteen hundrelths of an inch.
The thermometer has averaged 556, ranging from 39 to 68.
Wilso7i, North Carolina.—
have had no rain all the
week. The thermometer has ranged from 38 to 66, averaging 5a

99,000 11,000

19,000 bales.

Atlanta, Georgia.— \t has rained on two days of the week,
the rainfall reaching one inch and four hundredths. We had
the lirst general killing frost this morning. The thermometer
lias

19,000

A cantar is 98 Iba,
Tlus statement shows that the receipts for the week ending
Nov. 19 were 200,000 cantars and the shipments to all Europe

d.

Sep. 19
••

—

26

a.

d.

»
9

7
7

Oct. 3 85l8»

" 10 85l«»

" 17

We

'

O"* «813l6

" 24 35ik-813,»
« 31 8Bi»-8"i»
Nov. 7 85,6-813l.
11 87, «» 9
21 )»y » 9
•

8>4 Un.
Skirtingi.
s.

d

»7
»7

OoU'n
Mid.
Upt>!$
A.

Csa?
6>s»7 O
8 «7 1
9 47 2

Iwiti.
1.

<L

8^

• 8^8
6'»16 83,,»81»i«
sas
9
S\
6

Siga6 10>9
5>s«6 10>i
SHiae io>9 5'4
s>«iteio>s

82( Oop.

9

b1l«« 9
SliB* 9
8»,9» 9
8'i««
87,fl»

b7|6» 9
8>«

»

n>fl'»

8H

OMtTH
ite.

Shirtingi.
s.

•7
•7
•7
•7
•7
•7
•7
07
•7
»7

d.

IHd.

Vptit
d.

5U..

m

l>a

5'8

6M
516,,

e
1««

81.,.

1

.

Weather Record for October. —Below we

give the rain-

and thermometer record for the month of October, and
previous months of this year and the two preceding years.
The figures are from the records of the Signal Service Bureau,
except at points where they have no station, and at those
points they are from records ke pt by our own agents.
Jtily.

August.

[

iSept^mber.

Oclobcr.

\

1

1884. 1883. 1882. 1884. 1883. 1882. 1884. 1883. 1882.! 1884.' 18»3. 1882.

rain.

700

8-87

4-90

15

16

17

8-95
10

2-Bl

0-17
2

4-53

18

6-63

807

0-47

8-79

6-67

9

12

4

16

13

CARI.ISA.

Hliinfull.in..
rain.

8-29

4-71

8-80

18

18

22

519

9-58
12

14

Weldtyn.—
Rainfiill.in..

7-70

2-91

448

1-88

Days of r.in

IJJ

B

14

5

Kitty

Hawk—

10-6 3-9S

Rainfall, in..

Days of rain.
Vhariotte—

17

Hainfall, in..
Days of rain

8
2

1

1

2-00

4-34

6-13

4

....

7 33

0-61

4

12

9

2

9

6

7

18

16

4-31

8-48

1

8-77

10-70

3 07
18

1-14

17

4-42

8

3-80
15

4

6

425

1-23
4

8

22

8

7-91
11

7-87 15-12

3

13

6-.S8

000

10

14

10

9-60

9

3-80
5

2-45

1-68

3-94

6-81

10

6

S.CAROLINA
Charkston—
Rainfall, in..

Days of

rain.

9-58

893

13

14

6-35

13

6-12 10-06
16
11

0-32 11-03

Rainfall, in..
Day.* of rain.

3-69
!!!'

9

28*

t-es

12

8

12

6

1-61

1-68

6-4.S

0-99

5

7

15

6

10

4-33

....

Mpartanburg—

2»6 339
4

0-36

1-33

Raintall.ln..
Days of rain.

6

6

7

0-06

3-41

8-29

1

8

8

9

'.'.'.'.

0-76

2-79

8

7

riln.

0-02

3-33

8-28

9

6

0-83

1-69

2-78

10

3

9

8

0-69

4-02

0-70

8-88

3

4

4

6

4-55

2-55

7-42

2-29

1-41

4-63

11

7

8

5

14

9

000

3-03

4-50

0-93

2-90

3

8

0-26
2

3

3

t

0-90

7-20

0-25

0-85

i-:o

a

2-58
14

3

5

6

2

7-80
7

4-72
14

0-18

0-W

3-12

1

3

5

4-ie

5-94

1-20

4-58

10

6-82
11

1-60

8

2

5

8

1-70

1-88

4-23

3-29

241

6-75
15

6-B7

6-11

212

10

10

10

9

7

6

10

4

8-25

3-86

4-38

216

12

2-21
10

4-24
6

1-25
11

8-22

12

4-72
18

17

8

2-42

101

6-12

9

6

12

2-06

2-58

4-65

0-08

12

7

16

3

8-68

4-56
15

3-5!)

8-41

0-28

5-23

20

18

13

10

3-27
4

9-28

1-30

336

6-47

a

2

2-98
12

2-31

3-03
14

1-51

405

7

2-55

0-8<

4

4-35
11

1-72

7

6

2-S4

2-44

5-77

lu

8

18

1

GEORGIA.
Augu^ita.—
Rainfall, in..
Days of rain.

A tlanta.—
Rainfall, in..

Days of rain.
Savannah.—
Rainfall, In..
Days of rain.

13

Columbus.—
Hainfall, in..

Days of
Macon.—

rain.

Rainfall. In

Days of

.

rain.

—

Ttome.
Rainfall, in

Days of

rain.

9-41

15

7

7

.>•

4

7

1-37

2-85

4

4

2-16

3-41

5

a

Forsyth.—
Rainfall, in..

Days of

rnin.

And'-riionvitle

—

Hainfall. i--...
D.iy3 of lain.

8-73

4-11

7

8

•(•

."!!

1

!!!!

0-10
I

^
1

FLORIDA.
Jacksonviltc—
Hainfall, in..
Days of rain.

Cedar Keys.—
Rainf lil.ln..
Days of rain.

0-02

6 88

6-75

5-21

16

13

23

22

10-33
15

8-11

602 509
16

10

17

7-63
17

5-65
IB

3-37
10

8-14J

Archer—
Rainfall, Ir...
Days of rain.

8-33
10

17

Rainfall, in..
Days of rain.

-

Rainfall, in..

Days of

rain.

4-70
18

1

7-28

4-S9

8

11

3-83

2-77

9-37

0-l.S

5

7

U

3

5-3-.

8-61

1-94

14

in

13

8

!!!.

7-26 10-32

8

13

0-23
10

4-77

8

0-29
'.*.!.

8

11-09

....

22

....

2-08
18

3-41

o-.w
2

0-2J

4-18

1-87

7

7

8-76! 1-78

0-S7

6-29

11

8

21

3-05
11

Rainfall.in.. 4-06
Days of rain. 13
Ttutcaloosa*—
Hainfall, in.. 1202
Days of rain
10

331

B-52

1-26

6-88

0-98

4-05

9

24

8

U

21

6

4

6

2-31

702

1-04

728

1-25

0-63

2-26

13

12

3

6-93
10

14

2

3

5

H.iinfalMn..
D;iysof rain.

6<4

2-21

B-51

1-95

0-00

0-00

6

8

4

2-99
7

4-03

12

nalntall. in..
rain

5-38

U

....

6-18

2-31

3' 42

0-21

18

6

....

7

2

412

3-33

6-84

0-87

4-12

9-47

3-12

13

15

20

8

11

24

1-99

0-72

6

4

3-97
13

Mohile.-

,

.N/irei'cpoj-t.—
-

Rainfall, in..
Days of rain

006
3

Rainfall, in..
rain

0-22: 11-38

4

Gran'l Coteau—

Days of

15

2-85

1-97

1-7;

0-42

S

6

3

8

Rainfall, in.. 12-00
Days of rain
10

—

Hainfall, In..

Days of rain.
Brookhaven—
Hainfall, in..

Days of

rain.
GreenviliA,'
UainlaTt.iii..

Days of rain

5-75

1-68

400

6

14

3-61 10-lfl

8

12

1-10

2-75
18

3
2-60

4

....
....

ARKANSAS.
Cittle

Hock.—

Rainfall, In.
Days of rain

Mount Ida—

Rainfall, in.
Days of rain

4»

22

1-78

700

7-30

2-Sl
11

4-39, 5-41

4-13
17

1-87

VS5' 3-49
10
17

4-10
12

1-70

B-40
12

10

2-19

9

15

14

14

U

3-95

3-85

12

9

8

1-57

11

2-48 B-24

4

218 2 83

21

1-04

8

5

11

8

8-56
13

2-06

7-50

4

1-30
5

2-40

14

0-60
8

4

14

5

3-55

7-45

1-51

1-85

1-85

2-71

6-10

0-95

4

10

B

8

6

4

9

3

8-22

4-08

6-79
11

1-05

I

5-.S5

4

680;
8

2-29

4

I

1-50

TEXAS.

4-B7

Rainfall, in..

4-35

Days of rain

10

7-53

0-97

3-81

2-89

3

3

2

10

Rainfall. In..
Days of rain
Fort SmUh Hainfall, In..
Davs of rain

100

0-86

i"

3-96

6

15

3

2

4

4

5

2-18

1-86

4-42

612

0-84

1-47

1-08

3-73

8

8

6

IB

7

6

6

4

4

1-40
1

....
....

1-96

2-30

9
0-25

6-00

4

6

698

8-73

8

6

60S

1-3 J

7

8

>

Sept., 1884, are for

Greene Springs.

....

8

67-0

93-0
68-0

BOO

780 709

96-5
62-u
7a-2

b30 890

HS'

81-5

70-0
79-6

57-7
76-8

920

06-0

02-

54-01
75-S'

Bi-0
64-0
78-0

90-5
83-9
75-6

90-5
U3'9
75-6

88-3
HI

87-5

89-5

86-0

59

73-1

71-8

540
730

86'8

88-0
49-9
63-8

81-0
49-6
63-4

940 920

91-0
49-4

91-8
51-0
63-5

51-0
70-9

91-9
36-0
68-4

85-0
48-0
81-6

81-0
40-5
68-4

80-0
45-0
68-0

79-0
85-0
60-0

91-0

83-n

30

450

6J-0

68-4

90-0
45-0
63-8

970
H40
78-8

102-0 100-0
82-0 680
798 78-0

94-5

89-4
58-9

R6O!

81-0
47-0

39 2

47-1

72-1

84-8

62 2 64-1

90-11

89-0

580!
78-1,

580
740

02-5
40-7
68-5

480
660

81-0
47-0
67-5

950

8fl-o|

04-0

95-0

88-0

82-0

,"8-0

620 530 Sl-0 45-0 380
610 63-8
890 720 63

73 9 70-3

6;i-a

75-4

93-7

90-0
57-0
04-7

74-

Wthon—

HIk'hest

Lowest
Average
Mid.Cape FearHighest
Lowest
Average

9T0
8fl0
81-1

880

76-9

81-0
78-4

860 83-0
510 580
780 rao

85-0
55-0

B6-0
63-U

880 830
4S-0

4K-0

83-0
41-0

78

600

57 4

680

980
8T5

9r)-0
«fl-0

94-0

89-0

55

E,8-5

77-6

78 9

91-0
67-0
77-3

920

80-u

700

70-8

91-0
WP-0
78-e

95-0
ns-0

93-0
08-0

880

48-

90-0

«0-,

IVl-3

788

92-0
68-0
78-8

95-0
61-0
79-4

91-0

870

90-0

690

nsro

5->-0

91
53-0

ao-8

738

69-4

78

90-8

96-0
65-0

97

89-4

87-11

79-

v.»n
81-7

0->-0

78-B

90-0
58-0
74-3

90-0
62-5
78-5

114-0

880

81-0

31-0
8;-6

4-i-O

880

85-3

64-6

91-4

452

93-0
53-0

71-8

690

90-0
34-n
08-5

8i?0

S.CAROLINA
Glinrtest^n.-

Highest
Lowest

....

Average...
Simrtanburg—
Highest. ...
.

9.V0 101-0
(;B-8

730

88-2

8a-4

BI-0
«r-o
81-a

920 1000
«20 B-iO
70-9 BlO

B«-0
5S-C
7?-0

64-0

77-2

M-O 500

88-0
5!-0

88-7

719

9S-0
7<>-0

92

87

60-0
70-0

560
700

600
74-0

62-0
69-5
80-0
89-0
63-6

87-0

88-0
68-0
70-0

Highest

93-0

Ix>we't

840

08-0
OS-O

Average
OEOliaiA.

78-5

798 7

45-0

500

730

Highest
Lowest
Average
Atlanta.—
Highest

Lowest
Average
Highest
Cohtmbus. —

Lowest
Average
Macon.—
Highest

910

91-0
60-0
70-2

8S-0
49-0
64-8

82-0

93-5

910

380

48-0
63-2

84-3
42-S
67-8

930

9?-0

89-0

92-0

87-0

60-0

«5-

530

5:1-0

5S0 360

777

77-8

74-0

71-6

78-9

08-4

9S-0

91-n

91-5
55-5
73-8

90-1
58-8

74 6

70-8

90-0
51-0
71-7

91-0
60-0
74-1

90-8

92-0
44'D
70-8

91-5

980 900

8S-0
52-0

94-0
62-8
7U-2

93-8
H4-0

0.')0

79-

76-9

94-0
61-0
79-3

90-4
63-4
78-0

B3-0
88-0

Bl-0
60-0

890
600

98-0
00-0

870 87-5
600 628'

80-8; 78-:

73-1

77-4: 74-2

^4-«

96-0
68-5

99-5; 94-5

850

88-2
60-3
76-4

1

780' 67-0

02-5
89-0

82-41 81-4

81-5

7o-"

93-0

97-0

93-0

96-0

78

72-0! 65-0
84-0i 80-0

850
bOO

83-0
74-0
84-0

930, 96-0, 91-0

800

91-n

47
86-8

03-3
80-8

90-0
6«-5
88-

.wo
78-4

90-0

91

810

02-5

74 8

771

87-8

780

90-0
59-0

580

6-i-O

83-0

800

78-0

81-0

3i-0
73-0

91-0

94-01 91-0

900

92-0; 80-0

93-0

52-0

94-0

80-0
61-0
86-0

33«

5.1-2

700

88-0
SO-5
88-3

730
90-0
41-0

83-0
40-0
89-0

580 360
too 600

Lowest
Average
Rome. —

67-0

68-0

610

B'8-0

630, 63

8201

81-0! 79-11

77-u

780 790 750

73-01 74-0

Highest

93-0

90-0
60-0
77-U

930

83-0

5.S-0

50-0

530

87-0
44-0

780

73-0

430
630

900I 880

68-0

83-0
52-0
78-0

84-0

630

98-0
61-0
80-0

91-0i

Lowest
Average

720

72-0

870

87-0

98-0
74-0
83-8

91-1
83-1

B6-0

94-0

98-0

880 650

92-0
70-0

7B-3

79-3

78-

T8-7

96-0
80-0
74-8

96-0 100-0
38-0
82
75-8 868

90-0
53-0
70-1

86-0
Si-0
67-7

81-7
49-4
78-8

92-0
69-0
74-2

86-0
61-0
78-8

89-0

87-5

52^ 580

ma
55-0

71-9

73-7

78-0

53-0

420

Forsyth.—

Highest

94-0

Lowest
Averagp

81-4

7-i-Ol

78-5

H20

AfUtersonvUle

Highest

Lowest
Average

98-7
09-9
81-7

98-3
69-0
75-6

71-8

286

68-1
77-1

4B-6

FLORIDA.
JarksonviUe.98-0
69-5

91-0

80-9

79 8 ao-ai 81-8

89-1
86-7
77-B

80-5
62-5
76-5

940

88-9: 84-1

9!-3
70-0
81-5

82-6
69-9
81-3

96-0

92-0
70-(l

83-7

81-4

90-0
80-9
80-3

90-3

7-8-0

92-0
B9-0
79-2

90-0
71-0
79-5

920

89-0

72-0
81'"

66

Higheat

95-9

Lowest
Average

0i)-2

98-6

Tsn 700!

94-5
71-0

96-0
69-0

67-0

777

Cedar Keys.-

7

HighesC
Lowest

91-01 92-3

700

(tM-4

7-85
11

6-05

Average

82-5

83-S

91-0
71-0
80-U

IU-0
71-0
82-3

....

68

00-0
71-7
83-4

83-8
8J-9

6-06

8

90-0

A ugusta.—

5-55
13

1-ia

....

12

....

5

8

t Inappreciable.

3^4

3^40

1-11

91-0
87-0

600
730

10

8

8i)-0

92-0
64-0
77-3

86-0

A verage

8

e

900

55-3; 54-0

780; 78-2

«4-8l 81-8

Highest

Q

3

:"

92-4

Lowest

6

9

8

95-0
B3-0
77-9

Murphy—

3

10

10
1-45

98-2
64-5
79-8

01-5
58-0
7j-0

8

7

8

95-8
61-4
77-4

91-0
6C-0
78-2

6-7i

2

2-01

I -00

1884. 1883. 1882. 1884. 1883.|18S2. 1884. 1883. 1882.

U4-5
80-5

0-97

0-70

8
5-32
13

1884. 1883- 1882

97 5

0-54

2-60

7
6-45
10

iSep'ember.

03-4
00-8
77 2

1-11

1-60

9

Highest
Lowest
Average

1-SB

2-66

4-97

5

Cliarlotte-

2-10

6-10

0-r>4

7

680
7D8

Highest

5-80

7

1-55

12

78-1

a

1-06

B

6
n-.nO

96-0
6i-0

7

8

3-51

4

98-5
04
70-1

10

1-10

10

1-78

5-60
13

96-7
61-5
77-0

7

6

8

8-88

July.

Hawk—

Highest
Lowest
Average

3

7-81

7

Kitty

12

8- "3

9
7-71

7

4-83
10

1-75

CAH'LINA

Wilmington,—
Highest
Lowest
Average
Weldon.—
Highest
Lowest
Average

2-18

3-W)' a-4a

3

5

N.

1-59

2-10

»

Average

0-25

4

9-96
12

VIRGINIA.

Lowest
Average

8-67

11

4-47

TlicrmovMler,

.Savannah.—

10

18

1-45

2

2*14
4

4-27

10

2-25

400

283

4

3-21
14

11

13

2-48

3

7 92 0-57 3-01
4
4
3

7

5

4
2-19

6-78
16

7-94

0-04
A

8

2-01

207

I

8-87i 6-85

0-21

7-37
11

4

1-85
3

0-16

4-1

8

4

12
6-18
18

0-00

3

7

13

2-41

I

0-30, 5-82

9
9-88
12

HainfalMn.
Da%8 of rain.

A ust in—

1-20

3-BO

2-30

1-22!

i

4-65

6

4

S-08

0-no

8

20

0-12

4^

1-95
1

12

6-52
18

0321 902! 9-60
6
18
15

9-»'5,

Hainfall, in..
Day.H of rain,

5

8

3-10

2

1-28
10

1-09
10

1-88
12

6

.3-27

3-30

8

0-06

1-77
7

0-62

—rain,

3-eo

0-78

B

2-45

2

Clarksj'ilJe

2-20

17

!.!!

0-61
10

0-32

Days of

1-50

2-25
7

5

—

Hainfall, In..

9

5-54

0-26

1-18

0-88
4

Cleburne

8-29

5-63

3

rain.

Rainfall, In..
Davs of rain.
Fort Elliot—
Rainfall, in..
Daysot rain.

6

10-25

14

Days of

New Ulm—

0-84

6

1383 7-30 2-50

18

Hainfall, in..

Days of rain.
Palestine-

5-36

8

','.'.',

Rainfall, in..

Days of rain.
tndianola.—

4

4-84
11

S-.SO

MeUru]^—

Newport —

rain.

2-40

MIS8I:<SIPP1.
Columbus. —
Vicktiburg.

Hainfall. in..

Days of

2-00
7

LOUISIANA.
New Orleans.—
Rainfall, In..
Days of rain

2-38
13

4-00
17

Stateburg.—

1

2-80

Days of

18

Highest

18

ALABAMA.

A ubum —

4-84

12

Lowest
Average

3-02

3-83
15

Montgomery.—
Raiufall.in..
Davs of ra;n.

ruin.

—

Lowest
Average
Columbia—

0-78
3

!!!!

5!57
IB

4-12

B-68
17

6-55

M^idi^on.s.in/ord

Haintall. in..

Nnrfolk.Hiilhcst
liowest

Statebvrg—
Rainfall, In..

8-18

666

Ctihimbia—

Days of

Days of rain.
Ashwood—

Rainfall, In..

1-73

8

7-25

7

2-7J

14
3-90

lu

3-97

11

3

10
0-50
10

7

8-59

4

1-00

9
3-05

5-38 10-60

1-05

11

1-51

12

13

662

4-58

8-20

15

7

9

10

5-61 10-40

11

4-00
11

310

Bainfall. in..
Davs of rain.
Mid 'Cape FearRaiulall,in.. 1208
Days of rain. 14

7-73

6

»

0-40
10

yVit^on—

7-75
12

14

3-5-

.5-23

2-08

1

015

6-5S:i2S9 12-39
16' 12
18
16

5-39

18

0-23

3-89
11

15-38

10

1

294

1853 334 0-63 1-09 7-57

9-34

8-09
18

7-93
11

JWuTp/iw—
Rainfall, in..
Davs of rain.

884. 1883.1

Qalveston.—

Wilmington^

Davs of

i^eptcmher.

Memphis.—

Austin

A'orfolfc—
Raintall.ln..

XXXIX.

TENNESSEE.
NashvilU..—
Rainfall, in..
Days of rain.

Days of

VIHGINIA.

August.

1884. 1883.1 IfSa. 1884. 1883. 1882

Rainfall, in..

Jiainfatl

[Vol.

July.
Itainfall.

fall

Days of

1

THE CHRONICLE.

586

K.

U1

.

—

Archer
Highest.

Lowest
Average
Madison—
Highest
Lowest
Average

080
710
82-7

055
7U-7

7J-3

91-0
51-0

7r7

738

103-0
60-0
82-0

450

98-0
74-0

Stjnjord—

Highest

Lowest
Average

97-4
6H-S
81-3

966
70-1

94-8
64-0

80-0

'.8-8

98-0
65-5
74-3

. . ..
...

1

NOTBMBKR

^

Thtnnometfr.

AtlTtUt.

Octohfi:

.-.

IIM. imt. laaa. lass. I8!>4.|ia8a tasa taM.ll88S.{l88a.

ALABAMA.
01-8

IIIIiIipH
I,(lWO!tl

....

iv.'rn

AToriiKf
AfoMlf. IIlKhont
J*(IWOMl

U3-8 1010

ll^hniit

QB-O
70-0
88'U

Lowest...

Avenue
Selwtt

una HOC
7H1
98'B:

HUB 710 88-8
ttO'l
838 780

ATomuo

—

••

•

HlKhest
Lowest
AverHKc

ea-0
08-0
78-0

—

1090 88-0
8S-0
79-3

(lel'O

CO-O
04-0

«00

MO

»n-n
B'lO
r->o

90-3
69'N
74 U

Wl

04-4
81-1
78-3

91-5

BTO

94-0
B4-0
76-7

98-4
43-7
72-9

87-0

880

TOO

57-0
1«-8

95-0
84-0

88-0
88-0
79-B

38-11

140

89-8

70-01 88-8

85-0
51 -0
74-0

89-0
89-0
81-0

01-0
40-0
69-2

88-0

94-0
85-0
89-8

90-.1

805

41-6

4H'5

87-91 61-6

»7-

M'8 098 oro

nirs
7»-4

SOS 780 7U0

I»'»
«H'0
78-7

00-4
88-0
89-0

98-0
70-8
79-4

SA'O 100-0
84-0 88-0
77-0 811-9

nS'O

n7-o

77-0

9S« 87-0
810 89-0 oro
780 780 iro

fS-O
80-0
78-0

00-0

T7-9

76-1

vav
Blt-O

73-0

880
880

01 'S,

89-0

78-0

78-0

71-8

99-5
78-9
83-3

91-0
78-8
80-5

99-8
70-9
8tr9

90-5
83-0
79-4

10«-0 100-0 104-0 109-0
710 64-0 M-O' 83-H
ttS-S 79-7 810 81-8

970
850

97-3
88-0
80-9

99-0
48-8
74-5

03-0
89-7
81-3

90-0
79-0
78-8

lUgliest

80-0

tfl'O

030

lA>Wf>St

M-0

AvoriiilL*

78-0

88-0
74-7

81-0
77-0

99-0
09-8

03-4
ae-a

Bis-0

O.VO; 86-

400, 4:i:ii 4U-A
7iol 71 kI iiuU

91-5

91-0
46-3
78-8

870

94-0

85-0
71-0

^'I4

714

480
67-8

LOUISIANA.
Jfew l>rttaru.~
04-7
71-4
83-3

>llKhost.

Lowest
AToriMje.

1040

lliithi'st

71!5
80-2

l.iiwesl...

A

Toratfe

Qriind OoUatl—
HlKhest....

87-6

04-1

74J
(UB

80'Si 89-3

92-0

90-1

Lowest

«r7 «»0

87

Avenuco....

83-8

81-3

8S'd

78-9

98-0
78-0
88-3

89 6 90

88-7

R.V0

86-0 loro
SX'O 81-0

Lowest

94-0

99-0
61-0
80-0

98-0 101-0

8ru 840

BOO 580 000
80-0 77
840

Highest

1W7

liowest

70-»

98-8
87-8
81-8

980
830
78-1

07-5
89-5
79-9

llrl-0

99-0
89-0
75-0

99-0
80-0
77-0

...

97-0
SS-0
86-0

Averwe
BrookiMven—
Highest

te-o
70-0

IiOWOSt

ATonuie.
SretnvUle—
Hlnbest

81!-0

...

8D-0
78-0

09-0
72-0
83-0

Lowest
Average

95-0 8:16
67-0 89 6
78-4 78-5

850
M-3

1090 88-0
70-0
82-0

890
720

99-71

850

42-5

880

12-0
70-8

83-4
4S-7
79-B

90-0
88-0
77-5

80-0
47-0
69-9

1010 93-0

as-0
46-0

600

58-0

75-0

750

95-2

99-3

03-7

M-3 530
730 740

ii»-9

700

100-0 84-0
81-C 59-0 500
78-t 8001 70-0
03-(

68-3

920
42-0
70-0

93-4
43-«
71-3

08-0
48-0

88 3
47-5

08 5

820
40-0

780 840

88-0

BBO

74-0
82i)

88-5

UWe RocH.-

l«-0
88-0
82-0

w.

80-0

elo

St.

Averxge.
Newport —
UlKhest
Lowest

94-0
89-0
78-0

iBO
bO-0

99-0
80-0
76-0

94-0

810
77-0

80-0
59-0
76-0

99-0
80-0
78-0

1000 990 92-0 103-0 800 P2-0 95-0

.

Belena—
UlKhest
1.1

94-0

..

560 500' 5-i-O
700 750

bO-5

080

07-0

ev-0
81'&

600

05-0

79-3

59-0
75-3

7ro

80-0

1W5-7

Lowest

dSt

584

Averiuco

81-S

7fi-2

.

Avcnige...
HlKhest..

DUB

OS-fl

i'3-S

61-1

781

7B-6

91-9
56-8
7B-0

V-4-S

6«-5
75-4

91-S
51-7
74-1

H20| 31-0

WO
31-0

03-0

630

pounds have been as

88-0
37-0
83-0

90-0

8.10

.J4-0I

4f.-0

67-0

000

flo-fi

68-0

90-0
8S-0
70-0

700
800

90-0
40-0
63-0

9a-9
68)77-8

04-6
39-0
64-3

(«-7 ?l-2
800 51-5
7o-6 74-3

HiKhext...

Lowest
.

..

..

TEXAS.
CaJveston.-^

Highest. ..
Jx>west .
Average...

81-8

81)'

77-5

77-f-

76-K

010
050

94-0
84-0
78-8

92-0
C6-0
76-3

880 930 S80
500 B.V0 020

OSO

95-

91-;

OB-SI 96-0

96-0!

7«

73-7
89-5

7S0

7-^0
81-9

79-4
8S-6

815

97-9
82-n
80-1

97-0

»7-(i

.

In

Lowest

.

..

..

Average...
Pal tUnr.—

83-5

Highest..

989

Lowest

08-4
b3 4

.

.

Average...
L^lm.—
Uivhost...

Ntw

97-5
71-0
81-6

III

1190

84-0

010
766 76

5 610

99-0

90-2
50-a
6^-9

Lowest
Average..

HUM—

Lowest ...
Avernge ..
(^rbunif.—
Highest...

48-4
70-8

83-7
44-6

83-8

6J9 6.U

60-5

81-8
3»-2

429

88-0
5U-0
70-8

89
66-3

83-.

980
63-0
79-6

71

850

91-0
64-0

631! CG-8

91-(

BO-0

94-0

81-0

81-1

7r7

81-4

030 100-0 103-0 980
700 685 660 66-0

87-0

89-0

99-1
61-8
791)

690

96
51-0
76-1

95-5
48-0

5-.J-5

74-8, 7-^9

89-1
48-1

91-0
41-0

88-81

890

95-5

9V0

600

83-5

77-0

79-9

76-4

53-0
76-8

89-6
49-5
69-8

94-0

(-4-0

89-6

9S-0 lOO-R
5»-f

850

97-0

95-0

58-0
74-5

480 460

40-0
66-1

91-0
40-0
86-5

87-0
S8-6
69-4

86-0
27-5

73-5

73-1.

70-5

79-9

560

860
880

85-3

81-1

Highest...

91-0

760

lOl-O

Lowest.
Average..

. .

353,000
421
148.KI3,0OO

I

191,000
70.fi47.00i

544,000
419-1
228,2«0.0OO

417

Spinners' stock October 1.

Takings In October

92-0
7-^-8

55-9!

86-7

80-4^

101-5

Lowest ..
Avenwe..

770

98-0l
70-51
81-8'

88'ti

prior to 8ept«mber, 1884, ar« for

1S?,000
233,C00

241,000
042,000

138.000

55,000

193,000

Total supply
Consumption
Siinners' stock Nov. 1.

For 1883.
40',f00
199,000

5'.25,O0O

80-0
48-0
6;-8

Totalsupply
Consumption

496,000
360.COO

600,000
330,000

1,096,000

91-0
71-9

88-5
49-3

Spinners' stock Nov. 1

ise.ooo

270,000

406,000

82'5l

800

Greene Sprlnga.

:

aii.i

Weldim, N.

ff.

JV.

on the 2.'^lh.
Spartanburg. S.
This month has been marked by unusual drought.
First float on tlio 16th, and ice uu tlic V!4tli.
Columbia. S.
Three frosis, but very little damage done to crops.

C—
C—

fiufl'eriiig

89.000
409,0i;0

124.000
372.000

;

killing frosts 24tU

Total.

Takings in October

C— Rnln necdcil cisterns drying up. Light frost on
2tilh.
C— Cotton crop coming in very short.
Charlotte,
C— First frost October I61I1.
iliddlc Cape Fear,
C— We hail the lirst froOT on the IBth, and the
Wilminufou, X.

Conliiienl.

Spinners' stock October 1

The following remarks accompany the month's weathef
reports for October, 1884

Great Britain.

For 1884.

68-8

4V0; 48-0
72-3

7n October.

89-0
41-0
85-7

860

Highest...

for rain.

S. O —Frosis A. M. of the 24th and 2.^th. liglit on hill-tops,
low sr.iuniis the tender shoots of cotton were killed. In some
placi'8. under favoiable circumstances, li e is reporte<t to have formed.
Atlanta. Oa.— Drought of seveuty-ihree days ei.ded on the 22d. Ught
frost on the 21th— first of tlic season.
^raruiaA. Oa.— Light frosts on the 17th and 25th.
till-

ratings by spinners . bales
Average weight of bslus
Takings In pounds

660
480

Austin—

Stalelury.

596,000
431
256,878,000

in Great Britain is 442

ClarlavuU—

We nr«

226,000
413
93,338,000

84-0

80-0

98-0

but ou

370,000
442
163,340,000

4B-0

930

811

first l>-e

Toua.

75-2

98-0
79-0

;

Oontinent.

83-o| 88-3

860 440

S90! 96-0 89-8 87-4
63-01 54-0 5 -8 55-2
78 2; 74-0 76-8 75-

Lowest

2.MI1

Ch'eal Britain.

.

90-0
6»-<| 61-9
81 0] 7o-9

Average...

nctues

October.

Takings by spinners. .bales
Average wci.?ht of bales....
Takings in pounds

92-0
5;-o
70-2

903

848 890

lOO-O 101-5
71-5 62

Fort
Highest...

*

follows.

For 1884.

WO

IwHonow.—
Highest.

We

According to the above, the average weight of the deliveries
pounds per bale in October this season,
5-<!0 50-G
400 980 300 130 against 421 pounds during the same time last season. The
67-0
7»-8
7S-5 77-0 77-S 72-0 10-J 72-0 86-8
68-0
Continental deliveries average 413 pounds, against 417 pounds
!)50 930 880 930 92
880 92-0 910 88-0 940 88-0 060
680 580 56-UI 660 8>-0 60-0 540 60-0 440 80-0 41-0 41-0 last year, and for the whole of Europe the deliveries average
05-9 66-3
77-8 7r3 76-0 73-6 73-8 79 2 WB 70-9 70 9 85431 pounds per bale, against 419-4 pounds last season.
Our
dispatch also gives the fuU movement for this year and last
8.-2 870 85-0
94-S 04-0 910 93-0 Ki'O 90-0 005 90-0 87
760 740 710 70-6 750 70-0 74-U 6a-3 61 0' 57-3 54-5 6O-0 year in bales of 400 pounds each.
81-4 83-3 79-4 78-3 74-8 76-8
85-a 83-8 82-0 83-8

AahwtHHi. —

Average

64-0

030; 07-<
600, 63-(

040

70-(

Ofl-5
.

Average..

Av.irage
Austin —
Uluhest
Lowest

-.

In the ticld.

areentilte, Mlu.-Vnry dry weatber prcTsiled the entire month.
llrookliaren, J/i«».— Frost on tlie 2ad. Crops all gathertd.

80-0

500
710

Utmphin.—
..

F/a.— Month very dry.

Tutealoo$a. Afti.-Fioston tbe vad—flrstoftbe season.
Aubmni. i4/«.-The drooght Is practically still unbroken. The weather
u-ns cold enonxh for frost on the Ibtb, but tlietvwaa uotenoigb ninUtnreln the^roniidoralrtopriHliico it. On the 24th there was another
iiiu-niptat frost, and alsbongh the tbenuuiueler fell to 3} only tender
jilunts were iii,|iired.
Urand Cottau, Xo.— Cotton yields a good average crop much of It la

For 1883.

HlKhest..

Lo'.TCSt

ilatlttnn,

680

77-8

89-0

TK.N.NESSEK.
Lowest..

a^'c crop.

91-ol 88-1'
32-0; 44 C

93-0
50-0
70-0

rnrl

UIKhest

1

received to-day (Friday), by cable, Mr. Ellison's figures for
October, the first month of the new cotton season.
have
also received the revised totals for last year, and give them
for comparison.
The spiimers takings in actual bales and

91-0
59-0

90-0

104'S

Avemge. ....
SmtOt-

540

83-0
99-0
80-0
78-0

750

60-0
74-5

Jfnron «rt.-The weather belBH so drr has enabletl pUnter* to
mt»
llipcn.p In t'.i.i.l coniHIon. The oiittiirn In this si-i Hon will he
about
'<|iiiil
I think fully two ihlriN hii.< lM.,.ri i;,,i||,.rril.
f^'i
• liuvo liad una ruin itiol two nllvlii shiiwnni
iloo*
i< marly galliered, not niiirn than oil., tenth
'^'IK"
rem»lnlD«
to lie plckiil. .Sol more Ihim two thirds of a crop will lie gathen-d
The
shortness has been the result of unraTorable weather In jiine nnii July
I'.xcMsslvn ruins and low teiii|ierature, and then oxtrewrly but and
drr
weather, for the Inst three month'.
AnilerionrilU,, f/a. -Drought continues, and Is prnrlne very Inlurloaa
to aiirlculturo. No plowing Is possible. The bulk of the onttun Is In
market, or ready fur •hipwent, and 1* oonsldored about halt of an aver-

European Cotton Consumption for October.—We have

78-9

ARKANSAS.

illKhest
Ijowest
Aver»(ie
iiount Ida.—
HlKhest...
Xiowest
ATentffe

m4

itboat aomplet4Ml In tbl< smtlnn.
oattle In tbclr d«l<U ; wlllbcfloUlMd

MomU /</</, Art;.— A very dry month.
Helena, >ti-*.— There was only a light rain on one day of O-IO until
nni-lngthe last wick, and the wciitlti^r was extra good for gathering
ci^ops. Many report their crops over half out ami some two thirds.
Tlure Is little or no top crop and many persons say there will lie nn more
lottoM to pi. k off the land gone over after the present picking. The
frost klllcii ilic leaves but did not Injure the un-opeLCd bolls. Weather
clear and )ileu>niit now.
Fort Smith, Aik. - Light frost on Iho 21th. and heavy frost nn the 28th.
Memphis, T- mi.— Heavy killing frost, first of the season, Oct. 21th.
.il«Ai<-ooi/,
renii. -Cotton crop short by at least one fuurth. The
drought continued SO days.
.^luftn. reno. —First frost on the 1 0th, and killing frost on the 24th.
C'/cfciirne. Tfj-.- Altogether this month has been delightful. The lata
rains have put the ground In flne condition for sowing grain and the
farmers are busy planting. No frost yci, but the cotion has ceased to
miiko any longer, and th) crop is gathered, but the sUlk is stUI corered
with green folinge.
ClarkniUe, ?'«.— Light frosts on the 23d, 2ith and 23th.

89-0

030

la

have alremdy turned

.Nu\

93-0
61-0
73-5

Ticit^Mrt.—
86-0

fla.—Cotton ptoklnK

"III
iill

587

s'.llt

MI.S&I881t>PL
lIlKbest

.

80-01 4»-o; 49-8! 5i)-5
76 81 74-4J 75-4 73.3

OolinnMw.—

Arenwe.

.

THE CHllONICLR

2i, 1884.]

I88«. 1883.

U1

'

The foregoing

indicates that spinnera' stocks are

671.000
690,000

now 193,000

bales, against 400,000 bales last year.

The cable also adds that the consumption of Great Britain
was in October 72,000 bales per week, against 72,000 bales in
October, 1883, and that the Continental consumption was
CO, 000 bales per week, against 66,000 bales for the same month
a year ago, thus making the present consumption 133,000 bales
It will be remembered that in his annual
for all Europe.
circular Mr. Ellison gave last year's average at 70,500 for Great
Britain and 65,000 for the Continent, or 135,500 bales for tha

wliole of Europe.

New York CorroN Exchanob— By-laws.—The proposed
amendment, referred to on November 8, to reduce fluctuaions in the price of print cloths to 1-100 of a cent, has sines

:

.

THE CHRONICLE.

5S8

been carried by 80 votes in favor, to 10 votes against, the
•change.
The amendment relative to the intention to transfer memberships has also been carried, the ayes numbering 73 and the
nays 25.
The clnnge

in rule 7, relative to transferable notices of
delivery, was made by simply amending the rule, and as such
it did not require the assent of the members of the Exchange,
but took effect at once. The new terms have caused much
dissatisfaction, and a petition for reconsideration has been
numerously signed and laid before the Board of Managers.
It is understood that a motion to reconsider was lost; but the
Board, in answer to a second petition to order a meeting for
discussing the matter, has named Saturday, November 23, for
•that purpose.

XXXIX.

[Vol.

To Hamburg, per

steamer-s

Australia,

—

'

1,151. ...Moravia,

1.293

2 144

To Amsterdam, per steamer Edam, 117
To Antwerp, per steamer Bliyuland, 8.30
New Orleans—To Liverpool, per steamers Dalton, 4,210 '"
Giiillermo, 4,200

Inveutor,

3, 800...,

^avar^o, 7,400

To Havre, per steamers
fliil>

Paris,

Leonora,

6,

447
goO

150

25 760

8,<.i91

'

Keca', 6.832 •-*""
tier

Scotia, 3.530

.....

To Kouen,

^g

.

i)cr steamer CliaufH-Uor, 050
To Hremon, per steamer.s Cella, 5.567
Dimar, 4,000
To Hamburjt, per Pteamer Kclarwieder, 6,200
To Sibastopol, per steamer .Sportsman, 3,370
To Barcelona, vier steamer Gleuratli, 4,183
Mobile— To Liverpool, per bark Anina,816
Charli:ston— 1 o Liverpool, per steamer J. l\l. Lockwood, 4,il.5
Upland aud 89 Sea Island
per b,.rli8 Mai-.v Graham
2,100 Upland. ...Syriiiga, 2.023 Upland.... Veritas, 1,150
Upmnd aud 80 .Sea Island

9 567
e'200
5,370
4 185

'

'

."

'

To Havre, per barks Abel, 1,00'2
Jute Butts, Bagging, &c.—The market for bagging has
Anna Tliormanu, 1,-250
To Gothenburg, per bark Hil hi, 1.100
not shown any gr. at activity since our last, and the demand
To Sebaslopoi, per steamei- Huntsman. 5,600
"
Las been of a jobbing character, few iuquiries for large parTo Barce'.oua, per bark Resuelta, 2,030
cels being reported. A fair amount of stock is being worked Savannah— To Havre, per steadier Eiver Uttrlck, 3,775
ToHremeu, per steamers Southwold, 4,813. ...Tynemouth,
•off, however, and prices continue steady at 8^<^c. for IJ^ lbs.,
5,733
«3^c. for 1^ lbs., lOo. for 2 lbs. and 10,^4'c. for s'tandard grades,
To Roval, per steamer .Standard, 4, SOO
'.""
•though on a quantity a shade better can be done. Butts are
To Sintandar, per brig Seliua Sta^iford, 1,100
«teady in price, and a few thousand bales have been taken and Gai-veston— To Liverpool, iier steauii r Fern Holme, 0,159.
To
remen,
r
steamers
Black
Watc:),
p
3,631
Edmouslev.
•orders are in hand for further, lots.
Paiier grades are still
3,707.. ..Ohio, 3.803
...
<|uoted at l}^(it)2c. for spot parcels, while for bagging qualities
To Christiana, per bark Kong Oarl, 1,368
To Genoa, per \i;\v\ Embla, 1.3'
fiellers name 3M@ 2y^c., but we hear that a shade less has bsen
To Vera Cruz, per steamer Harlan, 1,335
"
accepted.
Wilmington—To Am.sterdam, per bark Kallisto, 1,734
CoMPAKATivE Port Receipts and Daily Crop Movement. NoBFOLK— To Liverpool, persieamer Kssex, 7,0S8
per sliips
Senator, 5,315.. ..William Law, 6,336
A comparison of the port movement by weeks is not accurate,
To Genua, per bark Heimieh vou Hchroorter, 2,132 ..
as the weeks in different years do not end on the same day of West Point— To
Livornool, per ship Williflmiue, 3,310...
the month. We have consequently added to our other standing Baltimorh— To Liveroool, per steamers Caspian, 1,600
Mcntm ire, 4,424
tables a daily and monthly statement, that the reader may
To IIa%Te, per steamer CaS'le Craig, 3,030
constantly have before him the data for seeing the exact relative
To Hrtni'-n, per fcteamer Saiicr,
movement for the years named. The movement during Boston— To Liverpool, per steamers1,72?
Borderer, 3,281
Istriau,
1,305. ...Norseman, 2,195
September, 188-1, and previous years, has been as follows.

,;.

050

'..

's\.6

p 689
2'.312
1

'

100

s'eoo
2*050
3*775

'

JO

(.

.54

4*300
),'l00

169

I

n1*368
te4
1*300
1*355

'.'.'.

—

'

1,'754

18,799
•>
132
3,310

6 024
3,0

1723

'

0,781

To Yarmouth, N. S per steamer Dominion, 1
Phil-VUEI.i'uia-To Liveipiiol, per steamei s BrilisliCrowu, 2,029
Lord Gough, 1,8 JO,

1

,

Fear Beginning September

MOHthiy
Beeeipls.
eept'iiil)')

Outober.

X.

~'

1S31

1^83

313,81i,oao,385 1,046,09£
315,44.5

Total.'

1882.

18S1.

1880.

1879.

320,05f
980,5SJ

429,77:

458,47=
968,3 i^

333,G43
888,493

853,19.'

Total j-oai 1.433 830 l,339,9Ci 1,307,2JjO 1,252,072 1,426 796 1,222 135
Feic'tage of tot. port
receipts Oct. 31...
24-29
23 66
21 72
27 18
2443
!

This statement shows that up to Oct. 31 the receipts at the
ports tliis year were 4.5,923 bales mor-j than in 1883 and
138,590 bales more than at the same time in 1882. By ad<ling
to tlie above totals to October 31 the daily receipts since
that time, we shall be able to reach an exact comparison of
the movement for the different years.

196,610
particulars of those shipments, arranged in our usual
form, are as follows:
«

The

Aiiis\htm, Uev'il,
Aiit-

Havre Bremen tm-p

Nov. 1....
" 2....
*•

3....

"

4...

"

5....

31,747
8,

59,11P
40,493
34,&6-

6....

34,59S;

"

7....

"

8...,

56,307
29,523

"
"

9....

S.

10....

"

14....

"

15....

44,C91
41,077
34,936
50,210
67,765
29,897

16....

8,

17....

51,482
38,643
31.601
41,333
65,818

'

11....

12...

" 13....

"
«
'
•*

-"

'

18....

19..:.
30....
21....

1832.

1831.

,43,5,830 1,389,901 1,307,210

"

-"

1S83.

32.374
43,629
37,21b

36,792
38,060
41,574
38,904

8.

61,341
38 55;
34,133
32,773
63,378
33,266

d.

49,216
42,473
37.582
36,297
57,777
38,651

8.

57,25S
30,801
31,943
31,427
57,331
5S,558

New

S.

52,090
33,5C6
3:.;, 173
47,217
55,453
33,822

49,733
31,026
27,893

46,630
38.19S

8,

1879.

222,135
30,701

8.

29,924

46,365
31,304
40,389
33,590

8.

29,6^2
49,319

8.

46,110
33,310
30,9

40.193
35,812

28,.!.62
8.

319C6

8.

26,138
51,779
33.151

30 74^
33,669

4986:

8.

41.241
25,136
63,53j
30,309

41,337
31.533
34,094

8.

28.33':

60,435

8.

01,

un

12

46,f584
'

32,349
32,278
36.503
43,140
33,6J1
8.

33.465
39,097
27.553
26,113
51,219

Total
2,220,739 2,11 2,80 ^2,066,721 1,981,572 2,142,859 1,885,846
Percenta^o of total
port rec'pts Nov. 211
43is'
34 33
41 93
36-1%
37-70
I

This statement shows that the receipts since Sept. 1 up to
to-night are now 07,9.)-i bales more than they were to the same
day of the month in 1883 and 151,038 bales more than they were
to the same day of the month in 1883, "We add to the table
the percentages of total port receipts which had been received
to November 31 in each of tlie years named.

Shipping News.— The exports of cotton from the United
the past week, as per latest mail returns, have reached
?nU*f^
196,610 bales. So far as the Southern ports are concerned, these
axe the same exports reported by telegraph, and published in
the Chkoniole last Friday.
With regard to New York we
mclnde the manifests of all vessels cleared up to Thursdav
'
night of this week.

»EW YoRK-To
Britniiiiii-,

ona. 200
llull, per

To

Liverpool, per steamers Ai-lzooa,
316....Pa.scal, 1,100 ...Republic, 1,080
hteaiiK-i- Cialil- o,

H.SOJ!

320

^"'"^

via-

.'.

To Havre, prr stcame 8 Cassliis, l,;!14....N,V,naudieV2,02"i
loBreuieu, per B'.cuiueisUoiiau, 023. ...Eider, 925

*"'"
^Q^i

-iWi
j':i35

1543

it

llam- Chi

ITnU. Rouen, burfj.

York.

N, Orleaus.

3. ."31

3,jOJ

2f,7n0

3 333 3,992
19,203 15.7ti7

<t

is

Oof/leu-

burn

<*

Uliarleston.

.

.

tiana. topoL

6,159

.

l!'.799

West Point

3,310
6,781
6,024
3,839

ad

tler.

1,-J'J7

2..31'2

3,775

10^4

i

ll.ltil

Wilmington
Norfolk....

iona

5,370

4,135

6,70i|
4,.30»

•JioKo

Total.

13.958
7 0.3S5

816

9,689

Bavannali,.
Galvesi on

Jirirce-

Seias- 'San'un-

816

Mobile

Baltimore..
Philadelp'a

,282,972 1,426,796
29,10)
40,514
27,151
37,897
35,983
33,538
48,836
41.655
31,603
55,064

47,06i)
29,13(1

8,

1880.

and

Lirer-

Boiiton

1884,

Tot.Oc.3l

3,959

1,100

1.303
1,754

20,751
19,721
21,346
1,754

20.931
3,310
6,782

3,050

1,723

10,71)7

3,859

Total.. 85.023 3.503 31,675 43,192 4,419 16,370 7.635 196,610
Included in the above totals are from Galveatou to Gen a, 1,300 bales
and to Vera Cruz, 1,3'5 bales; t'r.im Norfolk to Genoa, 2,
bales;
from IJostun to Yarmouth, N. S., 1 bale.

H2

Below we add tlie cleai-ances tliis week of vessels carrying
cotton from United States ports, bringing our data down to
the latest dates:
Galveston— For Liverpool—Nov. 14— B.ark North Star, 2,183
Nov.
Ij-Sceamer Sirocco, 5,427
Nov. 17— Steamer Acacia, 4,194
Nov, 19 Steamer Daehess, 4.126,
For Havre— Nov. 14— Bark Saphir, 1,510.
For Bremen— Nov, 15—Steaim-r Kuarwater, 4,858.
New Okleans- For Liverpool -Nov. 15— Steamers Niceto, 5,500; Professor, 6,027; Rod Sea, 8.317. ...Nov. 17—Steamers Hugo, 5,725;
Yuiatau, 6,^9j
Nov. 18—Ship Annie Goudey, 3.6«2.
For Havrj— Nov. 1 1—Steamer Alexander Bixlo, 4,381
Nov. 20
Bark Bertha. 4,018.
For Bremen- Nov. 11— Steamer Vieeroj', 5,810,
For Hamburg— Nov. 17— Steamer Kemcmbrauce, 968.
Mobile -For Liverpool— Nov. 19 Bark Palermo, 2, 179.
Savannah- For Liverpool— Nov. 13-Steame;s Finsbury, 4,939; North
Durham,

3,210; St. Bernliard, 5,843.

For Havre— Nov. 19- Steamer River Avon, 2,61P,
For Ri'val— Nov. 15— Steamer Kipou City, 5, 433... Nov, 18— Steamer
Biinkbarii, 4,930,

For Gothenburg— Nov, 15- Steamer Richmond, 3,200.
For Barcelona— Nov, 17— Steamer Blagdou, 5,402.
For Oiiorto -Nov. 13 Bark Lydia, 100.
For Genoa- Nov. 17— Bark Alphonse et Marie No. 2, 1,900.
ForTricote Nov. 18-Bark Argentina,
CUAKLESTO.N— For Liverpool- Nov, 17- Bark Eoycroft, 3,741
Nov.
If- — Bark Sagoua, 2,<J40.
For Havre— Nov. 17- Bark Svttendi Mai, 1,500,
For Bremen— Nov, 9— Steaiiier Orsino, 3,295.
ForSebastopol— Nov. 11 — Steamer Calrusmuir, 5,201.
For B irceiona— Nov. 18— Bark .fosetiua, 1..380,
WiLMiNuTON— For Liverpool— Nov. 13— Baik Hoslia, 2,078.
For Bremen— Nov. 17— Bark NordeiLslyold, l,<i3K.
NOHPoi.K— For Liveroool— Nov. 18 -Barks Richard Hutchinson, 2,832;
Nov. l9-8teamor Aecomac, 7,142
Nov.
S. J. Bogart, 2,944
20— Bark Verimica, 4,213,
Newpuut NE«s-For Liverpool— N.v, 15— Sleamer Trant Gwynant,

—

.

1

4,684.

Boston— For Liverpool— Nov. 14- Steamer Cephalonia, 414.
Baltimoue— For Liverpool— Nov. 17— Steamer Baltimore, 1,860,
PHiLADELriiiA— For Liverpool— Nov. 19— Steamer British Prince, 1,180.
Below we give all news received to date of disasters to vessels
carrying cotton from United States ports, &c.
KuonoifA. steamer (Br.), at New Orleans, loading for Liverpool, took
lire on the 12th inst., and the fire was extinguished by 4 P, M.
1,292 bales of coitim had been taken out of the ateamer up to tho
15th, of which about 662 bales were burnt and wet. Other cotton
is being distharged to gel at liulk corn in lower hold.
Frank Stafford, bark (Br), loading at Charleston, for Liverpool. A
lire occurred afternoon of November 15 In the cotton on board
bark Frank Stallord. Between 300 and 4O0 bales badly burned,
aud about 600 damaged by water; cotton injured, vessel uninsured.

-

.

November
Cotton

THE CHRONICLE

33, 1884.]

the past

frelt(btB

6

.

week have been aa

downward

foUowii:

fiSO

tendency.

Teotorday, however,

lei.u.i.»i ^,i,>iida

of

showed a steadier tone, bnt the close to-day la dull wi(b
llltle if any recovery in valued.
The wheat market has continued nnsettied, upcculatlon
without spirit, and the export demand held in check by tb*
scarcity and high rates of ocean freiglits. I'rices have shown
a further decline, and exceptionally low flgures liave bc«iv
reached. Yesterday morning there was moinentory octiTitjr
and a partial advance took place, in sympathy with a mryrement in the same direction at Chicago, but It was not sustained at the close, as there is no export demand in prot^pect
flour

ruM.

WedrUM

l»i,«

»»««•

'a»«

Hi-

'sa-

»«•

— w

...a

•

....

....

.«

ne*

'i«*
..*•

'l.*

'i.'

'le*

>«••

....

...

-•

....

Uven»oo1,ntiMim d.
Vo
»M...d.
«.
nnvto, stoniu

Do

nail

• •••

--••

e.

sM ....e.

•

IlamlnirK, ntcnin.o.

Do

8Hll....e.

Do

—

H'

•a-

«*•

..••

....

•

V

«9'

>•

>»•

V

....

..--

....

....

....

83f

55f

&5t

gnll...o.

Rpviil, Btciun

»38»V »3a»V •wa'B"

e

....

....

—

....

"aaa'e'

••.

H'
....

551

&5f

....

....

"aaaag-

»3a«H'

....

rf.

Bail

l%wrf.

•

R5I

Aiiist'd'm, Btcttiu.e.

Do

-*

*

V

V

>«*

Bremen, etc»m..c.

Do

JW

Saiur.

ifon.

».S3*

»aa'

9.2*

»ai,*

»as'

»i.*

»i.*

"is^
"8

"le*

»i»'

»i«-

H'

<%•

sti-iiin

v

..e.

H

>»«•
•»6«*
'»«*•
13...
"U'
"m*
tP ar 1001b
LivKRi'OOL.— By cable from Liverpool, we have the following

•

8teain..c.

r!oiupre«<M«t.

).

We

statement of the week's sales, stockB, &c., at that port.
add previous weeks for comparison.
Oet. 31.

Sales of

week

tlic

Of Willi h
Of whirU

took

spvi-uhitors look
Sales Auiericrtu
Aotiiiil oxiiort

iinjHirt of

the

week

Of which American

Amount

iilUiui

Of which American

The tone

Kov. 14

71.00(

49.000
12.000

465,000
258,000
64.000
7H,000
171.000
159,000

437,000
226,000
71.000
44,000
215,000
196,000

2<i,000

-Vot. 21.

70,000
8,000

7,00f
1,000

1.000
51,000
9.000
20,000

.

Forwarded
Total Btoek— Estimated
Of wlilc'li American— Eetim'd
Total

6S.000
7,000

lisileH.

i'X|iorter8

Xov. 7.

C3.000
7.000
5.000
37,000
13,000

S.ooi;

47,000
9,000
28,000
444.000

4'.;),oo<)

24O,00('

22(*,000

103,00t

81,000
68.000
278,000
257,100

fe9,0OC

2l!),00C

201.000

4 1 .000

market for spots and futures each
day of the week ending Nov. 21, and the daily closing prices
of spot cotton, have been as follows:

Ha rkpt,

Wtdnet. Thurtd'y

our glut of supplies.

ynday

slightly declined,

Today the

and the speculation was qaite

dearer.

DAILY CLOSIHQ PIltCES OF HO. 2 KED WIXTER WHEAT.
Hat.
Man.
Tutt.
Wed.
Thurt.
«2
Afloat
ei^
82
Sl'4
DiM'ciiibiT delivery
81. i«
80 '8
S.i'V
80
Jnnuar.v dcllver.v
S'i^
82 'e
821a
n':.\

VH.

am

8m

February delivery

SSSg

iH\

March delivery

87%

8a''8

81%
8ZH
8tT»
86%
ft0>»

m\

Sfg

819s
8«i^

87

Si^M
8U>a

Indian Corn has also declined. Speculation has continued
impeded by high ocean freights, and arrivals
via canal quite full. The pressure to sell was naturally attended
by some decline, although it led to rather more activity in the
regular dealings. There is still very little yellow or whitecorn offered but these grades are not much wanted, and do
not bring much more than mixed. To-day there was further
depression and a very unsettled feeling.
sluggish, exports

,

of the Liverpool

Saturday Honday. Tuetday.

Spol.

relief to

inanimate. After 'Change there was a specnlation based on
Chicago advices, and the close of futures was fractionally

»»«

Antwerp,

needed

(lie

market agoin

(iriion» RteAm....e.

Trieste,

to afford

....

Barculomi.sUam.e.

»•

WM

DAILY CLOSING PRICES OF KO. 2 MIXED CORX.
Sal.
Hon. Tiies.
Wed. Thurt.

52%
Sl%

Afloat

November delivery
December delivery

52%

83

51>fl

47

48%
46%

51%

40%

4G''a

47

4(i%

483a

January delivery
February delivery

'.

B2i«
61»8

48%

4S)

m.

49%

SIHj

48%
47>«
45%
45%

50
47'4

46'>9

45 '^

46'a

4559

4 1^8
43>«
47%
46
45%
Rye has been quiet, with prices showing a slight downward
5n.«
Miie
5%
5%
5 'a
5^8
515jg
5i5ie
tendency. Barley has been les? active, yet in fair demand,
516h
S.OUO
10,0u«
Sales
..
13.00i>
lO.OOo
12,000
12,000
and prices present an appearance of steadiness.
1,000
Spec.diexp.
1,000
1,000
2,000
2,000
2,000
Oats declined early in the week both spots and futures wer»
Ul CB.
a fraction lower, but yesterday there was more steadiness and
Ej»sy at
Oulet at
Market,
kct, ) steady at Steady at steady at F rm at
l-«4 de1-M de3-t!4 de2-64 Kd3-04 JO2-04 ud12:301
)f.5l.5
a brisker movement. To-day the market was dull and weak.
cline,
cllae.
cline.
vance.
cline.
vauce.
No. 2 closing at 31;'8C. for December and SlJ^c. for January.
Market,
Steady.
Steady.
Steady.
Steady.
Steady.
Steady.
5 p. M.
The following are closing quotations:
The opening, highest, lowest and closing prices of futures at
ixom.
Liverjjooi for each day of the week are given below. These
Pine
:...t3bbl. $2 35® 2 75 Otty ghlpplueex
94009 4 SO
prices are on the basts of Uplands, Low Middling clause, unless Bupertlue
2 502)3 00 Southern bafiere' and
otherwise stated,
Spilng wheat extras. 3 10® 3 65
family brands
4 609 5 7:V
dear and stra't. 3 7o1t 4 75 Com meal—
EP" r/ie prices are given in pence and QUhs, thus: 5 62 mtana Minn,
Oja
Wiutershipp'gextras.
50
Western,
3
3
Ao
S
10» 3 40
5 62-04(/,, unit
03 means 6 3-Glrf.
Brandywtro. *c
"iuteiXX.
a
3 409 3 50
Patents
4 50» 5 'iO Biiekwheat flour per
Sat. Not. IS.
Man., Nov. ir.
Bouth'n 8l:lp'(t extras. 3 253 4 50
100 lbs
Ta es., Nov. 1
2 00« 2 35
Bye Hour, guperttne.. 3 503 3 83
Optn BiQh Low. Clot. Open Sigh Um. Clot, Open Hifih Low, Clot.
Rye—Western
Wheat
58 » 60
d.
d.
d.
d.
d.
d.
d.
d.
d.
d
(

12:30
Or.M.J
Mid. Upl'ds
Mid. Orl'ns.

Steadj.

Quiet.

Harden'g.

Firm.

Finn.

Firm.

March

47

delivery

.

;

<t.

November.. 541
3 41

BOT.-Doo..

Dec- Ian.... Si2
Jan.-Feb....

It.

511
S4l

5 41

6 41

5 41

541

5 48

5 42

5 42

548 5 4« 5 4« 5

Feb.-Maroh. 5 4»

5

4l<

5 4U
5 53
5 57

4tS

6 4U
5 53
5 57

March-Apr. S5S 5 53
AprU-May 5 87 557
May-fune.. 5B1 5 61 5B1 5 61
Jane-July.. 6 00 eoo BOO 6 0O
..

.luly-AuK...
Aog.-Jept...
Sept.-Oct...

....

....

....

....

....

....

5 42
5 42

544
5 47
5 50
5 55

512
655 S59
5 5»
6 63

5 62
6 02

....

....

5(r3

5 42
5 42
6 44
5 47
5 50
5 65
6 69
5 62
6 02

...

....

5 40
5 40
6 42

5 45
6 48
5 63
5 55
6 5»

5 49
5 13
5 47
5 50

5S4
6
5
6
6

58
62

5 40
5 46

6 45
5 45
3 46

sn
5 y>
5 51
5 51

510
553
5 57

5 13
6 4}
5 4B
6 50
5 63

5 61

01

5«3
601

5 57
5 61

600

60O

05

8 05

6 04

6 04

....

....
....

Wednes., Nov. 19,
{Open Hith Low. CHos.
d.

40
40
42
45
48

5
5
5
5
5

....

..

Than., Nov.

'iO,

yptn Bigh Low. Oot.

Frl.,

.

Nov. 21.

Open BiQhlLow.

Cioi.

Spnnft,per bneh.
Spring No. 2
Red winter. No. 2
Red winter

White

C>m— Went,

West. mix. No. 2.

white
WhlieSnuihern..
Yellow Southern.

Wo.st.

d.

d.

d.

d.

d.

d.

d.

d.

d.

d.

6 4U

5 4S
5 48

5 49
6 49

5 46

616

5 4il
6 52

5 16
5 46

5 46
3 46
5 47

5 48
5 4U
3 48
9 54
5 55
5 50
3 62

5 49
5 49

5 4a
6 52

5 46
5 48
5 46

5 48

5 4tl
6 CO

9 49
5 49
6 49

5 43
5 49
5 50

6 53
5 55
5 59

6 53
6 56
5 59
5 63

Milwaukee
Toledo

603

St. T.onl.i

8 06

Peoria.

..

Unluth

....

6 53
6 56
5 6«

656 556
580 seo
5B3 6 68 BBS
602 6 02 6 02
606 606 eoa

6 47

550
653 6 54
5 67 S57
9 60 560
563 663
603 6 03
5 50

550 550
658 5 51
6 67

9 57

660 560
9 63 5f3
603 8 03

60j
eoi

990
5 53
5 36
5 59
5 63
6 03
a 01

5 62

6 02
6 06

A.

Aug.-Sept..
Sept.-Oct.

at—

Btceivt$

31

» 68
« 32%

White
No. 2 mixed
No. 2 white

31149 36
32 » ....
32ia»
Buckwheat
58 » 60
Barler -No. 1 Canada. 82 • 86
No. 2 Canada
75 • SO
State, two-rowed
60 » 65
State, six-rowed
70 » 73

85
85
50

50
."^3

55
51

WTwot.

Chicago....

Detroit ..
Cleveland.

Com.

1,041,465

053.271

46.060

31,298
960

211.009
426.046
119.018
34.710
816.988
6.6:»

42,600

1,000,601

10S.28'

5,934

8,762
3.364

.

.

Same wk.
Same wk tS

Fridat. p. M November 21, 1884.
The flour market was somewhat depressed early in the week,
and some of the lowest figures ever qooted wpre accepted for
Choice family grades. Eye flour and corn meal also showed a

«6

State

Oats— Mixed

Oatt.

BarUy.

Rv>.

Bbb.ienuu Biuk.60 Itu BvuhMUtt BluKSaUx Biuk.48 UM AHk.9fl i»«

Tot. wk. SI

BREADST U F F S.

81>l!

for each of tlie last three years:

November., 5 IS
Dec-Jan...
Jan.-Feb ...
Fob.-March. 556
March-Apr. 560
April-May. 5 63
May-June .. 6 0a
June-July. »0«
July-Aug...

SO
77

80
67
75
46
49
50
60
48

The movement of breadstuffs to market is indicated in the
statements below, prepared by us from the figures of the New
York Produce Exchange. We first give the receipts at Weetern
lake and river ports, arranged so as to present the comparative movement for the week ending Nov. 1.5 and since Aug. 1

Nov.-Uec.

5 4b
6 60
6 53

mixed

70
70

Since Jutv2S
18S4

22.1591

46.48*
4.89»

830

cots

U.8ai

1S,Md

•4.71

144.071

97.748

203,490

9,600

1,149.082

01«,9S3

1,879.SS8

l.!»1.017

790.800

941.7«e
783,387
986.909

27,792,933

20.261343

8.419,908

!H4Mi08e 40.46S,1W

29,447.931

7.5ie.61»]

1,887,838

3.41l.006| 54.301.fleS

8.219,529

4,351

38.604
16,718
e.ooo

963.66S
145,497

290.860

"264,218 "3X53,207
9,248JJ(fI
ess.sis
230.928;

519.243
21.SS0

,

1882..

8.207.!S8| 4i,se«kne

The exports from the
ending Nov,

30.007,114

18.5e«.:SB

several seaboard ports for the

IS, 138i( ate ^hcnpn in the

80.189
9,009

98.089
196.a8»-

4.1I6/)TO
i,8ea,a9

week

annexed statement:

.

p
J

.

THE CHRONICLE.

690
Exports

Jrom —

New York
Boston.
Portland
Montreal.

Wheat.

Corn.

Buth.
627,020

Suth.
197.526
&7,9S8

108,709
47,S62
498,733

Phlladel..

56,000
9,741

Flour.

Oati.

Bbl:

Su$h.

85,872
46,27a

Sye.

Peas.

Btah.
79,664

36,155

19,905
3,135
6,003
35

Bush.
3,000

[Vol.

XXXrX.

Domestic Cotton Goods— The exports of domestics for the
week were 4,844 packages, including 1,858 to Great Britain,
1,706 to Africa, 344 to Chili, 287 to Argentine Republic, 150 to
Hayti, 148 to U. S. of Colombia, &c. The demand for staple
cotton goods at first hands continued irregular, and the jobbing

trade was spasmodic, l^awrence LL brown sheetings were
reduced to a temptingly low price, in order to close out the
accumulated stock, and these popular goods found ready
Total -Wk. 1,298,710 321,268
101,223
35,155
92,066
3,C00 buyers. Other fine brown and four-yard sheetings
were aUo
S'me time
1883. ..
2.531
764,432 497,697 154,917
101.739
78,411 reduced to correspondingly low prices and liberal tales followed. Colored cottons were more active in some
The destination of these exports is as below. We add the as were certain wide sheetings which were marked quarters,
aown by
corresponding period of last year for comparison:
agents but bleaclied goods, cotton flannels and coiset jeans
were relatively quiet. In spite of the sharp advance in raw
cotton, prices for manufactured goods have not responded
Exports
(save in the case of print cloths), and it is still a buyers' marjfor week
Baliim're
N. Oil'DSN. News.

16,38ti

12,402

;

many makes of plain and colored cottons. Print cloths
were in good demand and dearer, in sympathy with cotton,
the market closing firm at 3 3-16c. for 64x643 and 2 13-16c.

ket .for

to—

for 56x60s. Fancy prints continued quiet, but large sales of
shirtings were eflfected by agents and jobber at unprecedent-

edly low prices— a well-known 64x64

make having been

sold at

4c. net per yard.

Domestic Woolkn Goods.— There was a

slight

ment
Total

407,097

By adding this week's movement to our previous totals we
have the following statement of exports since September 1,
this season and last season:
HTwaf.

Flow.

Mzporta Hnct
ism.
1383.
1884.
Alio. 20. to- Aug. 85 to Axig. 27 to Aun. 35 to
Nov. 15.
Nov. 17.
Nov. 15.

Bbb.

. .

B.&O.Am...
West Indies.

1,287,383

110.2S9
154,965
208.748
198.874

Aiiij.

1884.

Aug. 25 to
Nov. 15.

27 to

Nov.

17.

meres were more sought
1883.

AlUj. 27 to

Nov.

17.

1,389,814
08,941

8,031,481

7,403,540

Bush.
8,360 013

8,808,791

5,114,818

445.741

3.452,633

12S.628
203,387

29,254

375

S23,-490

105,4.15

115
13,437

220,879
91,921
24,506
8,174

Bbti.

Va. Klngdon)
Oontlnent

Busk,

Com.
1883.

Blisl).

Bush.
6.873,724

improve-

in the demand for men's-wear woolens by tne wholesale
clothing trade, but the volume of business was by no means
sa'isfactory. Worsted coatings and suitings continued to meet
with a fair share of attention, and there was a moderate call
for small parcels of all-wool cassimeres and trouserings, but
there was no real snap to the demand. Cotton warp cassiafter,

but buyers were exceedingly

cautious, despite the low prices at which many desirable
fabrics are offered. Satinets were taken in small lots to a fair

amount, and

tliere was a steady movement in indigo-blue flannel suitings, but little, if any, improvement was noticed in the
demand for Kentucky jeans or doeskins. Flannels and blankets ruled quiet in first liands, and there was a limited call for

ladies' cloths, tricots, cloakings and

Jersey cloths, while shawls

and skirts moved slowly. All-wool and worsted dres3 goods
were in light request, and the demand for hosiery and knit
000
Otb. countr'e
8,7112
7,933
underwear failed to realize expectations.
TotR)
1,891. ins 16 881.078 13,SS5.980
FOREraN Dky Goods were mostly quiet in first hands, but
1.948.flm
3.151,824 11,971,080
The visible supply of grain, comprising the stoclis in granary a fair business in silks, satins, velvets, <&;c., was done bv a few
leading importers by means.of price concessions. Dress goods
at the principal points of accumulation at lake and seaboard
were in limited request, and linen and white goods ruled
ports, and in transit by rail and water, Nov. 15, 1884, was as
Brit. Col'nles

10,583

10

130.134

00,830
101,900

Wheat,

In

store

at—

t/ush

New York

10,331,565
799,450
Albany
2,000
Buttalo
1.584,000
ChicaRo
8,113,410
Newport News...
369.395
Milwaukee
1.760,913
Dulmli
1 950,588
Toledo
2,377,367

Do

afloat (est.)

403,66fi

Detroit

Oswego

236,657
8t. Louis
2,463,6c8
Cincinnati...
4i,755
Boston
112.743
Toronto
121,595
Montreal
278,016
PhiladelpLia
663,414
Peoria
7,150
Indianapolis
124,900
Kansas t.ity
891,183
Baltimore
1,048,056
DowE Mississippi.
31,000

On rail

4(15,792

On lake
On canal

1,125,010
1.263,513

Tot. Nov.15, '84.
T.rt.

Nov.

8, '84.

Tot. Nov.17,'83.

Tji.Nov.18, "82.
Tot. Nov. 19, '81.

Conit
bush.

Barley,

Oats,
}}usli.

t>us/i.

Rye.

bush
78.331

260,862 1,083,741
389,681
6,000
75,900
196.000
42,01)0
964,724 257,8b2

325,494
140.000
275,000

107,l(i6

89,3S(;

50,044

531

40,654

6,245

2.701

6^172
1,233

485.277
76,017
50,494
14.302
2T7,b04
24,453

ir,9Vi
8.607
1,110

2,416

20.098
3,750
141.951
70.096
7,011
118,976

200
49l6'i7

20 853
12,1(0
31,820
30,759
2.355
891.342
5H5,217
600,820

36,576,635 4,325,118
35,594,729 5,088.142
31.405.247 9,198.626
20,216,611 4,396.888
20,614,386 22,407,097

69,'J39

7,570
18,803
34,553
141,385
79.415
525,326

150
7,184
119.433
86.778
105,600

3,725

11,1.53
1(1,001

83,251
496.073
112,341
178,630
3,477,714
3,685.469
5,479,359
3,809,909
3,271,731

46,309
51,419
5(;8,93i

1

2,000

29,<i00

for the corresponding periods are as follows:

§

S

li

i

Pi

:

:

:

4,700
1,233
43.396
28,889
109,926
17,061
270.251

2,480,710 780.068
2,473,832 662.488
2,752,165 2,377,229
3,070,439 1,221,470
2,914,349 1,256,216

Friday, P. M., November 21, 1884.

—

advanced stage of the season. Manufacturers' agents who
are about closing their semiannual accounts with the mills
were enabled to make large sales of brown and colored cot.
tons by means of liberal price concessions, and a considerable
distribution of foreign silks, satins and velvets was effected in
like manner by leading importers desirous of reducing their
accumulated stocks. There was also a fair business in certain
kinds of domestic fabrics adapted to the spring trade, as shirting prints, fine ginghams, white goods, &c., although orders
were placed with more than usual caution. The weather was
somewhat unfavorable for the development of an active
demand for consumption, but a fair average business was done
in jobbing circles generally, and large sales of domestics,
shirting prints, <&c., were reported by a few of the leading

»

|:

to "cutting" prices in order to stimulate

i

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e;

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B'S-

3' 28 7

week has witnessed a freer movement in some
descriptions of both foreign and domestic dry goods, but the
general demand was comparatively light as usual at this

who resorted

Importations of Dry Good*.
The importations of dry goods at this port for the week
ending Nov. 30, 1884, and since January 1, and the same facts

630

"past

jobbers,

;

laces, (fee,

2,868

THE DRY GOODS TRADE.
The

but a fair distribution of handkerchiefs, embroideries,
was made to retailers who are about making preparations for the coming holiday trade, and there was a moderate
movement in hosiery and fabric gloves. Imports continue
light as compared with former years, but no scarcity of foreign
goodsis apprehended.
quiet

follows:

--d

Ci- -.1

*» K)

—

to*

:

NovnoEB

THE imKUMCLK

Si, IWM1.J

Insitvaucc.

lusttvauct.

The United
OFFICE OF THE
IN

ATLANTIC

Insurance Co.
THB CITY OF NBtV YORK,
2«2

Hi

Co.,

NEW YORK, January 24, 1884.
The TniBtees, lu conformity to the CUarter of
the Compuny, submit the following Statement
of ItB aOalrB on the 3Ut December, 1883:
Fremlums on Marlue Klaka from
Ist January. ;883, to 3lBt De$4,168,953 10
cember, 1883
Premiums on Policies not marl[e<t
1,639,232 53
off l8l January, 1883
Total Marino

$5,708,185 63

Premiums

C. P.

IN

BK08.NAN.

S South William
EXECUTK OltDKHM Koll

New

York.

BiiHroiui. Actunrr.
Br an act of the I.«ulsiulure uf tblB State this Company's charter wan bo smended In 1888 that hereafter
bII the proau Bhall belong to the pollcy-bolderB ezII.

OlUBtveljr.

Policies henceforth tssned are
for anj cause after three years.

Incontestable

Ueath ClalmB paid at once as soon as satisfactory
proofs are received at the Home Ofllce.
Absolute Becarlty, combined with the largeBt

assures the popularlt y and Buccess of this Co.
All form of Tontine Pullciea iBsued.

COFFEE

•tthsNBW rOIlK COFKKK BXCIIANaH. U4
GRAIIV AIVI> PROVISIONS
at tbeNKW YOKK PKOIX.'CK KXCIIA.MIK taA
the CUJCAUO BUAKI) OF TUADK.
CoRBESPOHDnrra
MesBrs. Hmltb, KdwanJs A Co., Cotton Brok«i
Liverpool.
Messrs. Bamael 11. Buck k To., New Orleans.

Oi7nArvs

Hopkins, i.iinus Hopkins Biiitb.
CHAHi.i s 1). Miller.

C.

.

.

1888.
188S.
.»2 800,000 00 $8,881,000 00
16.790.000 00 18,80e,000 00

6,116,81448 6,!ifl«,2l2 4«
475,tf23»8
45»,6iB46
Increase In new business written In IH83 over 1882,
87 per cent.
GOOD AORNT8, desiring to represent theCom§any. are Invited to address J. 8. aAFITNBY,
uperlntendentof Agencies, at Home Office.

& Co.,

Hopkins, Dwight

COTTON

Comparison or Business fok Two Ykars.
Insnrance Written.
Insurance In force

UKUVKRT

KUTi;ilK

liber-

ality,

New

New York.

St.,

sttheNBW rOIlK, MVKRI-OOI, AND NSW OS.
LBAN8 Cora'UN KXC°llA.N(jKH, Alaoordsntot

President.

All

Co.,

€ O T T OW

Fkaueioh.Ssc'j, A. wnsELWRioaT.Au'tSac
(Jeo.

&

Henry Hentz

COMMISSION MERCHANTS

18S0.)

2US Itrondway,

T. U.

Insurance

CS^ottott.

States Life

(OUUANIZKU
2ttl,

Mutual

VII

COMMISSION MERCHANTS,

AssetB....

Premiums marked

off from Ist
January, 1883, to 3l8t Decem$4,260,423 93
ber, 1883

PaymentB

to policy-holders

Losses paid during the same
$1,901,042 38
period
•

Betums

of

Premiums and Ex$850,080 76

penses

The Company has the following
United States afd State of New
York Stock. City, Bauk and

INSURANCE

As»et«, viz.:

F. S.

1.956.500 00

otherwise
Real Estate and Claims due the

Company, e»tinjated at
Premium Kotea and Bills

425, 00 Oo

ORGANIZED APRIL

1

1,588,306 79
335,710 6

Amoimt

$12,972,312 47

BIX PER CENT INTEREST on the outstanding certi>icate» of profits will be paid to the holders thereof, or their legal representatives, on
and after Tuesday, the Fifth of February next.

THE OUTSTANDING CEBriFICATES

will cease. The certlncates to be produced at
the time of paymeuii and canceled.

FOitTY

PER CENT

Assets,

J,

i^

Secretary.

-

TRCSTEES.

156 & 158 Broadway,

New

York.

Old and tried, solid, conservative, economical. New
form of policy— plain, liberal. Incontestable, nonforfeitable. Non-narticli>atlng, very low rate poMctes
Issued, as well as (he orrliiuiry partleipatlnK ordinary
rate policies. Liberal !*urrender values, write for
Information and agencies.
H. STOKES, President.
H. Y. WKMPLE, Sec'y. J. 1,. HAI.8BY, 1st V. Pres
N. STKBBINS. At'y. H. li. STOKKS, 2d V. Pres.

Horace Gray,
Edmtmd W. Corlies,
Adolph Lemoyue,
Robt. B. Mintum,

James I»w,

Charles H. Marshall,

David Lane,
Oordon W. Burnham,

John Elliott,
James G. De

A. A. Raven,

Charles D. Leverich,
William Bryce,
WlUlam U. Fogg,
Thomas B. Coddlngton,
Horace K. Thurl)er,
William Degroot,

Charles P. Burdett,

Forest,

A

A.

MOORE, 2d

RAVEN, Sd

Vice-President

Vloe-Presidei

t.

&

Co.,

NEW YORK.

No. 61 Stone Street,

Special attention irtven to the purchase and sale of
Future Contracts.

Farrar
133 PEARI.

&

Jones,

STREET,

NEW YORK.

Liberal advances made on Cotton cnnsiRnments.
Special attention Klven to orders for contracts for
future delivery of Cotton.

EVRE, FARRAR

4c

Sawyer, Wallace

ONLY
Direct Line to

CO.,

&

Co.,

COMMISSION MERCHANTS,

France.

tVom IMor (new) 42, Noi-th Kiver, ffpot of Morton St.
Travelers by this line avoid both transit by ngliah
railway and the dii^comfurts of crosslntf the Channel
in a Biuall boat.
ST. LAUHKNT. De Jousselin.Wed.. Nov.26, 11 A M.
Wed Dec. 3. 5 A.M.
AMEltlQUK, Santelli
Wed,. Dec. 10.11 A.M.
CANADA, Kerf*ublec
1*KICK UK l*AS.SAGK (including wlnej:— To Havre—
,

F'lrst cabin. #tO() and N); second caMn. ^ii: steerBRe, $'^&— includinji wine, beddlnK and utensils. Return tickets at very reduced rates. Checks on Banque
Tmnsatluntique, Havre and Pari.sin amounts tosuit.

Special Train tronk Havre to Par la.
The CompaKnie Generate Trausatlaotique delivers
at its office in New York special train tickets from
Havre to Paris. lluKKiif^e checked through to Paris
without examination at Havre, [)rovlded passenKers
have the same delivered at the Company's docK In
New York, l*ier 42 North HIver. foot of Morton St.,
at least two hours before t)ie departure of a steamer.

LOUIS DE BKRIAN,

Af^cnt,
No. a Uoivliii*; <>reen.

John L. Riker,
N. Denton Smith,
George Bliss,
WiUiam H. Maoy.

JOHN D. JONES, President,
CHARLES DENNIS, Vice-President.
W. U. H.

Special attention paid to the execution of orden
for the purchase or sale of contracts for futtire te*
Uvery of cotton. Liberal advanceB made on OMk-

NOKFOLK, VA.

*•

D. Jones,
Charles Dennis,
W. H. H. Moore,
Charles H. Russell,

Sturgis,

SCHROEDER,

Cotton Commission Mercliants,

GENERAL TRANSATLANTfC CO.
YORK and HAVRE,

Wm.

dc

$101,148,248 25

-

Between NEIV

Benjamin U. Field,
Joelah O. U>w,
WiUiam £. Dodge,
Boyal Phelps,
C. A. Hand,
John D. Hewlett,
William H. Webb,

WARE

COTTON COMMIS.SION MERCHANTS,
POST BI7II.DINO,
16 & 18 Exchange Place, New York.

slgnments.

14. 1842.

Life Insurance Company
OF NEW YORK.

Board,

H. CHAPniAN,

J.

Co.,

SUCCESSORS TO

MANHATTAN

declared on the net earned premiums of the
Company, for the year ending 3 Ist December,
1883, for which certlflcates will be Issued on
and after Tuesday, the Sixth of May next.
tl:e

&

Schroeder

THIRTY-FOURTH YEAR. Robert Tannahill

of

the issue of 1879 will be redtemed and paid to
the holders thereof, or their legal representatives, on and after Tuesday, the Fifth of Feb
roary next, from which date all interest thereon

By order of

President.

WMKN T P OLJCIES

LlFEdt END

G.

m

Ite-

Bank

A DIVIDEND OP

WINSTON,

PEARL STREET,
NEW YORK.

134

Obdirs for Future Contracts BxaotrrKO
New TORK AND LIVERPOUU

YORK.

OF

Rates Lower than other Companies.

eeivaole
in

CO.

ISSUES EVEJtr UESCBIPTION OP

$8,606 795 00

other Stoc^ks

Loans secured by Stocks and

Cash

MUTUAL NEWLIFE

No.

No.

18

BROADWAY.

Liberal advances made on Cotton consignments
Special attention given to orders for contracu for
future delivery of cotton In New York and UverpDOl

WALTER &KROHN,
COTTON BROKERS,
S3

IIRAVER STREET, NEIV YORK.

F. Hoffmann,
COTTON BROKER AND AGENT
38 RUB DE LA BOVRSE, HATRr.

Dennis Perkins

&

Co.,

COTTON BKOKER8,
I

as Pearl Street,

New York.

Orders for Spot Cotton and
executed.

Kutnres proinpclr

Tames F. Wenman & Co.,
©uttou.

COTTON BROKEKS,
No. 113

William H.Beede& Co.,
COTTON BROKERS,
STREET.

No. 5 and T W^II.I.IAn

Special attentiun vivun to orders for the buyloff
selllnK of Cotto.n ifOK Fvtukk Dklivebv.

and

PEARL STREET,

KsUbllsbed

(In

Waldron

N. Y.

Tontine Building) 1840.

&

I'ainter,

COTTON HERCHANTS,
ftl

PEARL STREET.

m

THE chronicle:

&

Walter T. Hatch.
Naih'l W. T. Baleh.

Stillman,

18 ExeUange Place

INMAN,SWANN&Co

NEW^ irORK.
MADB ON ACCBPTABLB

SiOANS

ECURITIE8.

&

—with interest upon balances.

New

accounts of

Jemi8on,Groce

195 Broadway, New York City.
Company lul Buy of July, 18841
CASH CAPITAL
$1,000,000 0«
Office,

G. E. Staenglen,

NEW YORK, NEW

statement 9/

ORLEANS,

AGENT FOR

Reserve for unearned premiums
Reserve for unpaid losses
Netsurplus

& Gwynn,

WM.

Up

New

COMMISSION MERCHANTS,
16 and 18 Exchange Place,

NEW

POST BCILDINO,

Rountree

&

VORK.

Co.,

conmiissioN merchants,
NO. 12 OLD SLIP,
NEW TORE,
AND NORFOLK, VA,
1^

Special attention Riven to the execution of orders for the purchase and sate ol" Cotton, Grain, and
Provisions for future delivery, tirders uhu executed
on the New York Petroleum K.vchanKe and t>tock
Board. Liberal advances made on consitjnments.

Kerous Reid.

Theo. U. Price,
ZjSte of Eure, Farrar

Price,

a.

Price.

&

Reid

NORFOLK, VA.
I>1b0ral

advances made on Cotton consignments.
Curret^pondence solicited.

Gwathmey

&

Bloss,

COMMISSION MERCHANTS,
No. 123

PEARL

8T.,

204 CHURCH
Nen^ York.

UP-TOWN OFFICE, No.
Orders e'ecuted

;

& Wakefield,
COTTON

BANKERS
ASD

New York.

Liberal advances made on cotton oonslonments
Special attention filven to orders for contracts foi
fatare delivery of cotton.

141

PEARL

ST.,

NEW YORK.

COTTOIV.
&,

CO.,

nONTGOMERY, ALA.
PTTRCHASE ONLY ON ORDERS FOR A COMMISSION

Fellowes & Tileston,
COTTON, STOCKS, BONDS, &C.,
26

Orders

WILLIAM

in "

STIIKET,

NKW

YORK.

Futures" executed at N. Y. Cotton Exch.

Geo. Cope] and

&

Co.,

COTTON BROKERS,
184

PEARL STREET, NEW YORK.

t7,343,574 A»

iETNA
Company

Insurance

OF HARTFORD.
1884

1,

$9,192,643 80

nnpalrt

for

Liabilities

losses

and re-lnsuranoe fund
Capital

JAS. A.

B.F.BABCOCK&CO.
COMMISSION MERCHANTS,
Water Street, LIVERPOOL,

1,023,185 95
4,000,000 00

93,269,457 86
St.,

&

New

ALEXANDER,

North

17

York.

Aeent.

British

Mercantile

Co.

Ins.

0¥

WM. MOBB. H. W. ItAXEMANN. CLEMENS FISCHER.

LONDON AND EDINBURGH.
United States Board of Maiiagemeiit,

Hanemann&

Mohr,

PEARL

New

ST., 186

GRA VIER ST.,

New

Yorlj.

NEW

Co.,

Orleans, Ln.

ORDERS

F Olt

Warren Ewen,

FUTURE CONTRACTS.

Hon.

e.

B. Chittendkn.

EZKA White, Esq.
J J. AiiTOR, Esq.
E.

WHITE, SAM. P. BLAGOEM

Brothers,

COTTON BROKERS,
Nos. 31 & 33 Broad

NEW
VON GUNDKLL.

Street,

TORE.
CHARLES MAYHOFF.

von Gundell & MayhofF,
COTTON BROKERS,
Nos. 2

VON

&

4

STONE

MASAGERa
Office,

£4 W^IUlam

St.,

New

York.

John M. Ewur.

Jr.

Ewen

A. C.

YORK:

Solon Humphbets, ChVn. (E. D. Morgan & Oo.)
David Dows, Esq. (David Dows & Co.)
E. P. Fabbri, Esq. Drexel, Morgan A Oo.)

CHAS.

Bold on commission.

U. CLISBV

1884

No. a Cortlandt

OF

COTTON BUYEES,

1,

CHAS. J. inARTIN, President.
J. H. WASHBURN, Secretarr<

Special Attkstion Givkn to the Execution

Advances made on ConsiiromeDts of Cotton. Contracts for Knture Delivery of Cotton bought and

JOHN

Cash Assets, July

NET SUHPLU8

CO.,

00

M

A88et8 January

Receive conslKnments of Cotton and other Prodnoo
and execute orde;s at the Kxchanges In Liverpool
Represented in New York at the oSlce of

Company

Reserve for Unearned Premiums
2,R5'',fl07 00
Heserve for Unpaid Losses and Claims.
a'50,S18
Netsurplus
1,312.655 04

New

Co.,

.

NEW VORK.

OF

BELMA, ALA.; MONTGOMERY, ALA.

BABCOCK BUOTUEB8 A
50 WALL STRKBT.

Sec'y Local Dept.

OFFICE 119 BROADWAY.
CASH CAPITAL
»S,000.000

Buyers of Cotton for a Commission. Orders for Fn
tare Contracts executed in New York and Liverpoo

123

Henry M. Taber&Co.,

In

COTTON COMMISSION MERCHANTS
No. 18 'William Street, New York.

And General Commission Merchants,
St.,

&

»S,987,876"65

President.

Vice-President.

BUUKE,

P.

Insurance

STREET,

the Cotton ExchanKes

John C. Graliam

Tuttle

84 Beaver

at

York and Liverpool, and advances made on Cotton
and other produce ci-nsicned to us, or to our correspondents in Liverpool, .Messr?. B. Newgass & Co.,
and Messrs. L. Uosenheim A Sons.

NEW YORK.

Orders for future delivery of Cotton executed in
Ksw York and Liverpool also for Grain and ProTislona In New York.

Montgomery,

Co.,
Ala.

COMiniSSiON IHERCHANTS,
No. 40 EXCHANGE PLACE,
UBMBESS OF THE OOTTO.V, COFFEE AND
PKOnUVE EXOUASGES.

Special atteotiun given tu the sate of cotton to
ftiTive or In traiit<it lor both loreiKn and dumestio
Biarketa.

LEHMAN, DURB A

LEHMAN BRO'S,
Cotton Factors
AND

Co.,

Cotton Brokers & Commission Merchants

Co.,

Orleans, La.

96

2o6,4S6 69
658,907 64

HOME

Capital, E. M. 6.000,000.

LIBMAN, ABRAH/iH &

CKOWEM..

FRANCIS

COTTON FACTORS
AND

K.

2,04i2,232

PHILANDKH SHAW, Secretary,
WM. CHAUTKKS, Assistant Secretary.

Authorized Capital, R. M. 20,000,000.

Paid

...

STEPHEN CROAVELI.,

& Co., tialvestou, Texas. COTTON COMPANY OF STUTTGART.

Fielding

and

Phenix Insurance Co.
OF BROOKLYN,

BANKERS
AND

INVGSTMBNTS
COUNTRY BANKERS.

Special attention paid to

York.

Lo.,

COTTON COMMISSION MERCHANTS,
No. 23 WUUam St., New York.

U

Personal attention given at the KXCHANQBS to
the purchase and sale of STOCKS and BONDS for
cash or on margin.
DEPOSITS RBCKI VRD— sabjeot to check at lUbt

COTTON, ALL GRADES, SUITABLE TO WANTS
Of SPINNKR8,
OFFERED ON TERMS TO SUIT.

Jemison

Sons,

BANKERS,
NASSAU STREET, NEW YORK.
I

"•pkoiax Attention to Obdehs for Contractb
Foft KrTURK Delivery of Cotton.

S.

P. HateK.

*^"
BRANCH 0»FIC«8Ji2i{
F^"I2^£}^^'
tjNo Chapel
St.. New "Ss
Mavea

COTTON MERCHANTS,

Cash Adrancet Made on Consignment!.

E.

Renry

Arthur M. Batek.

W. T. Hatch &

MERCHANTS,
Post Bnildliig, 16 &

23, 1884.

©ottjom

ai^ottuu.

Woodward

lNovember

.STREET,

«lJNDEL.i7~&

NEW YORK.

G 07ninercicil
LJnion Ins. O
I

Ok

nEHtPHlS, TENN.

LOHDOy.)

ALFRED

PELL,

Eesident JUanofftr.

MAYHOFF,

COITON BUYERS.

o,

Cor. Pine

& IVi/Zmn S^s