The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
THE CHRONICLE.
N ovem ber 24, 1883.J
^mxiixxs
g a th e r s atul
G eo. K . Sistare’s Sons,
19
N ASSAU
S T ., N E W
FIR S T -C L A S S
IN V ESTM EN TS.
Buy and Sell on Commission, for cash or on mar
gin, all securities dealt in at the New York Stock
Exchange.
Interest allowed on daily balances.
All deposits subject to check at sight.
Particular attention to orders by mail or telegraph
R . A . Lancaster & C o .,
BANKERS AN D BROKERS,
U N IT E R B A N K B U IL D IN G ,
BROADWAY AND WADD STREET, NEW YORK
xxs mid
and grxr&etrs.
W m.M. EARL,Memb. N. Y. St’ck Ex. G. H. Sta y ne r ,
A. H. Dayton .
Special.
A. H. Mure .
Earl & D ayton ,
YORK,
HEALERS IN
in
ess./
C A LD W ELL, W ASH BURN &
TOW N SEND,
BANKERS AND BROKERS,
B A N K E R S ANR
B R O K E R S ,
55 TO 59 DREXEL BUILDINÔ,
N ew Y o r k .
STOCKS AND BONDS BOUGHT AND SOLD
STRICTLY ON COMMISSION.
H a tch & Foote,
R A N K E R S , N o . 1 2 W a l l S tree t, N . Y .
W e make U. S. Bonds and Investment Securities a
specialty, execute orders In STOCKS and BONDS
for cash or carry the same on margin. We transact
a general BANKING business and ALLOW INTER
EST on DEPOSITS. Branch Offices, connected by
private wire, Norwich, Conn., Gloucester, Mass., and
131 Devonshire Street, Boston, Mass.
N o.
3
W A L L
S T R E E T .
Transact a general Banking Business, including the
Purchase and Sale of all Securities dealt in at the
New York Stock Exchange. '
Interest allowed on deposits subject to sight draft
C. B. Caldw ell .
L ansing C. W ashburn .
Chab . .T. T ownsend . Member N. Y. Stock F ti-iuit'CT
A. E. Bateman ,
Douglass Green ,
MemberN.Y. Stock Exch. Member N.Y. Cotton Exch.
DOU OU ASS G R E E N &
CO.,
35 W ALL STREET, NEW YORK.
S to c k s , C o tto n a u d F o r e ig n E x c h a n g e
Private Wire to Washington and Baltimore.
BATEMAN & CO., W ASH ING TON. D. C.
DEALERS IN
Railroad & Miscellaneous Securities.
St
ew a rt
Southern S ecurities a S pecialty.
R andall &
W ie ru m ,
N o. 38
B
r o w n ’s
P IN E
Son
STREET,
NEW YORK.
Stocks and Bonds bought and sold on Commission.
50 E XC H AN G E PLACE,
Brokers iu Railroad Stocks and Bonds,
W m . P . H um bert & C o .,
GOVERNMENTS & FOREIGN EXGRANGE.
C H A S. K . R A N D A L L ,
Member N. Y. Stock Exchange.
BAN KERS AND BROKERS,
OTTO C . W E IR U M .
N o. ?
Simons & C h ew ,
STOCK B R O K E R S ,
2 E x c h a n g e C o u r t * 5 2 B r o a d w a y ,N .Y .
Stocks, Bonds and U. S. Government Securities
Bought and Sold on Commission.
j a s . D. Simons ,
B ev e r l y Chew .
Member N. Y. Stock Exchange.
Member N. Y. Produce Exchange.
W alston H. B rown .
Fred . a . Brown
H erbert P. Brown .
W alsto n H . Brown & Bros
N a ssa u S tree t, N e w Y o r k .
W m. P. H umbert ,
E dw ard S. Benedict.
Member N.Y. Stock Exch’ge,
Member N.Y. Produce Excn’ge.
Coll J. T urner , ja s . Turner , n e . L insley
Memb. N.Y. Stock Exch.
Spécial.
C . J. Turner & C o .,
BANKERS AND BROKERS,
1 5 B r o a d & 3 5 W a l l S ts ., N e w Y o r k ,
MILLS BUILDING, Roorn 7, Second Story.
STOCKS, BONDS, GRAIN AND PROVISIONS
bought and sold in New York and Chicago markets.
BANKERS,
N o . 2 0 N a s s a u S tree t, N e w
Y ork.
SPECIAL ATTENTION GIVEN TO THE NEGO.
TIATION OF
B A IL R O A R S E C U R IT IE S .
BROKERS IN
STO C K S A N R BO N R S, U N L IS T E D
S E C U R IT IE S A N D M IN IN O S T O C K S ,
No. 52 BROADWAY.
D ouglas H e n r y ,
Ch arles Seton H e n r y ,
Member N.Y. Stock Ex. Member N. Y.Min. Stock Ex.
DANIEL WARFIELD.
I.
F.
M ead & C o .,
STOCK BROKERS,
80 R R O A R W A X , N E W Y O R K .
Branch Office with Private Wire at 23 West TwentyThird Street.
Buy and sell on commission for investment or on
margin, all securities dealt in at the New York Stock
Exchange.
R. R. L e a r .
I. F. Mead ,
t . H. Curtis .
Member N. Y. Stock Exch.
AUGUSTUS NATHAN
J ohn P ondir .
Pondir &
C o .,
Stocks, Bouds & Investment Securities
2 0 E X C H A N G E P L A C E , N. Y .,
Orders executed on the London and European
arket.
R ead & Stafford,
B A N K E R S
ANR
B R O K E R S ,
M i ll s B u i l d i n g , N e w Y o r k .
All securities dealt in at the New York Stock Ex
change bought and sold on commission for cash or
upon margin.
j ; B. R e ad .
W. F. Stafford ,
Member New York Stock Exchange
C . A . BUTTRICK.
W m. Elliman .
Buttrick & E llim an,
1 8 W a l l S treet. N e w Y o r k .
—Railroad bonds a specialty.—
-Investors are invited to correspond.—
-Information cheerfully given.— -Fourteen years’ membership in Stock Exchange.—
-Orders by mail solicited and promptly attended to.
E dw in Corning,
38 W ALL STREET,
STO CK AMD BOND B R O K E R ,
Member New York Stock Exchange.
18
W A L L
S T R E E T ,;
N ew Y o rk ,
Transact a General Banking Business, including
the purchase and sale of STOCKS and BONDS for
cash or on margin.
B u y a u d S ell I n v e s tm e n t S ec u rities.
P. O. BOX 2,647.
A. M. Kid d er . W a y l a n d Trask . H. j . Morse.
W. C. H ill .
(olilJiS.poUDEJ'i ¡^Jej^ESS,
- . . . .
$ 3 0 0 ,0 0 0
BU FFA LO , N. Y .
This bank has superior facilities for making col
lections on all accessible points in the United
States, Canada and Europe. Liberal terms extended
to accounts o f bankers and merchants.
Correspondents .—New York, National Shoe &
Leather Bank; London, Union Bank o f London.
gfoxzigu gjaukirs.
D e T w entsche
Bankvereeniging,
B. W. BLIJDENSTEIN & CO.,
AM STERDAM , . . . .
HOLLAND,
E stablished 1861.
Subscribed Capital, 8,000,000 —Guilders ($3,200,000.—)
Paid-Up Capital, 7,861,700 — “
($3,144,680.—)
Reserve Fund,
1,258,874 34 “
($ 503,550.—)
M e a d Office, A m s t e r d a m .
Nos. 55 & 56 Threadneedle Street, E. C.
P a r is—A ncienne m aiso n L eon & Dreher ,
COMPTOIR DE CHANGE, LIMITED
112 Rue de Richelieu.
R o tt e r d a m -D E WISSEL- en EFFECTENBANK.
E nschede—B. W. BLIJDENSTEIN, JR.
A lrn elo—LEDEBOER & CO.
Transact a general Banking and Commission Busi
ness in Bills, Stocks, Shares, Coupons, &c.
New Y ork Correspondents
Messrs. KNAUTH, NACH0D & KÜHNE
The
—B A R K E R S *
25 frne § t .
Bank o f Buffalo,
C A P IT A L ,
B . W . BLIJDENSTEIN & CO.
B A N K E R S ,
N o.
Sh erm an s . J ewett , Pres, jo sia h J ewett ,V-Pree
W il lia m C. Cornw ell , Cashier.
BRANCHES
L on d on —EXCHANGE & INVESTMENT BANK,
c
£
j
Co.
H en ry Bros. & W arfield ,
^ o x ix
s,
City
Bank,
(L IM IT E D ,)
-
LONDON, ENGLAND.
Purchase and sell on Commission GOVERNMENT
and RAILROAD BONDS and STOCKS, and all
classes o f Securities dealt in at the NEW YORK
STOCK EXCHANGE, or all reputable Securities
bought and sold in the OPEN MARKET. LOANS
and COMMERCIAL PAPER negotiated. Interest
paid on DEPOSITS, subject to check.
Authorized Capital, . . . . . £ 4 ,0 0 0 ,0 9 0
subscribed Capital, - - - - - 4 ,0 0 0 ,0 0 0
Paid-Up Capital, - - - - - 1 ,0 0 0 ,0 0 0
Reserve Fund, £ 5 0 0 ,0 0 0 .
H E A D OFFICE, TH R E A D N E ED LE Sl\
BRANCHES:
Bond Street,
I Tottenham Court Roa
Ludgate Hill,
I Paddington,
Knightsbridge,
1 Aldgate,
Holborn,
I Old Street,
London.
The Bank, while conducting the general badness
of London Bankers, gives special attention to the
Agency of Foreign and Colonial Banks.
A. G. KENNEDY, Manager
THE
l3 o o J t),
M s k e tia u
&
BANKERS,
£ o .
5 8 Broadway, cor. Exchange Place, N. Y
Branch Office, 1 2 8 L a Salle St., Chicago.
TRANSACT A GENERAL BARKING BUSINESS,
INCLUDING THE PURCHASE AND SALE OF
STOCKS AND BONDS FOR CASH OR ON MAR
GIN. BUY AND SELL INVESTMENT SECURI
TIES. INTEREST ALLOWED ON DEPOSITS
SUBJECT TO CHECK AT SIGHT.
P. 0. Box 447.
D A . BOODY,
C. W. MCLELLAN J r .
R euben L eland .
BANKERS,
U N IT E D B A N K B U I L D I N G ,
W a l l S tree t, Conner B r o a d w a y .
STOCKS, BONDS <& COMMERCIAL P A P E R .
Stocks and bonds boughtand sold on commission at
New York Stock Exchange. Advances made on bust
ness paper and other securities.
A n glo -C a lifo rn ian Bank
(LIMITED).
L O N D O N , Head Office, 3 A ngel Court.
S A N F R A N C IS C O Office, 422 California, St.
N E W Y O R K Agents, J. & W. Seligman & C o.
B O S T O N Correspondes, Massachusetts N. Bk.
A u t h o r iz e d C a p it a l, . . . $ 6 ,0 0 0 ,0 0 0
P a id -u p C a p it a l, - - - - 1 ,5 0 0 ,0 0 0
R eserve F u n d , . . . . . .
3 5 0 ,0 0 0
Transact a general banking business. Issue Com
mercial credits and BUlsof Exchange, available in all
Darts of the world. Collections and orders for Bonds,
Stocks, etc., executed upon the most favorable terms
FRED’K F. LOW,
1Managers.
IGNATZ STEINAART, i Managera*
P.N . t .tt .IE N T H A L , Cashier.___________ ■
E . W u th m an n & C o .,
BANK ER S,
BREM EN, GERM ANY.
THE CHRONICLE.
IT
'goxztyn %ixnX\zxs.
Blake
g a w lt je m
Merchants
Brothers 8c C o .,
OF
LONDON, EN G LAN D ,
Bank
[VOL. XXXVII,
J p ttr
b u g ia m
i
^ ix n h z x s .
Parker 8c Stackpole,
CANADA.
RANKERS,
Solicit accounts and agencies o f Banks, Railways Capital, - ■ ■ $5,700,000 Paid Up. No. 60 D E V O N S H IR E
Corporations, firms and individuals, upon favor R e se rv e ,........................ .... $1,150,000
BO STO N .
able terms; also orders for tbe purchase and
President, ANDREW ALLAN, Esq.
sale o f Bonds, Shares, &c., &c., on Commission
on the Stock Exchange.
Negotiate Railway, State and City Loans and
Issue Commercial Credits available in all parts
the world.
Nederlandsch Indische
Handelsbank,
AM STERD AM , HOLLAND.
E stablished in 1863.
P a i d -U p C a p ita l, 1 2 ,0 0 0 ,0 0 0 G u ild e r s
( $ 4 ,8 0 0 ,0 0 0 Gcftd.)
HEAD OFFICE IN AMSTERDAM.
Agencies in Batavia, Soerabaya and Samarang.
Correspondents in Padang.
Issue Commercial credits, make advances on ship
ments of staple merchandise, and transact other
business o f a financial character in connection with
the trade with the Dutch East Indies.
B L A K E B R O T H E R S & C O .,
A gents for North A merica ,
18 W ALL STREET, NEW YORK.
28 STATE STREET, BOSTON.
A d o lp h Boissevain & C o .
BANKERS
AND
c o m m i s s i o n
m e r c h a n t s
.
AMSTERDAM, HOLLAND
Vice-President, ROBERT ANDERSON, Esq.
H E A D O F F IC E , M O N T R E A L .
GEORGE HAGUE. General Manager.
J. H. PLUMMER, Assistant General Manager.
BANKERS:
LONDON, ENG—The Clydesdale Bank (Limited.)
NEW YORK—The Bank of New York, N.B.A.
The New York Agency buys and sells Sterling Ex
change, 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
o f foreign hanking business undertaken.
N e w ï o r k A g e n c y , N o . 6 1 W a l l S treet.
HENRY HAGUE,
)
JOHN B. HARRIS, JR., 5 Agents.
Bank o f M ontreal.
C A P IT A L , SURPLU S, -
-
$ 1 2 ,0 0 0 ,0 0 0 , G o ld .
$ 5 ,7 5 0 ,0 0 0 , G o ld
C. F SMITHEKS, President.
W. J. BUCHANAN, General Manager.
NEW YORK OFFICE,
Buy and sell Sterling Exchange, Francs and Cable
Transfers; grant Commercial and Travelers’ Credits,
available in any part of the world; issue drafts on
and make collections in, Chicago and throughout the
Dominion of Canada.
L o n d o n O ffice, N o . 9 B ir c liin L a n e .
BANKERS’ AND STOCK BROKERS,
Imperial Bank o f Canada.
C A P I T A L (p a id u p ), - - - $ 1 ,5 0 0 ,0 0 0
SU RPLU S, - - - - - - $ 6 7 8 ,0 0 0
H. S. HOWLAND, Pres’t. D. R. WILKIE, Cashier
H E A D O F F IC E , T O R O N TO .
BRAN C H E S:
St. Catharines, Port Colbome, St. Thomas, Ingersoll,
Welland, Fergus, Woodstock,Winnipeg, Man,,
Brandon.
Dealers in American Currency & Sterling Exchange.
Agents in London:
I Agents in New York:
B osanquet, Salt & Co., Ba n k of Montreal ,
73 Lombard Street.
|
59 Wall Street.
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
remitted by draft on New York._________________
AGENCY
o f
t h e
B
B
A N K
r it is h N o r t h A m e r ic a ,
No. 52 W A L L S T R E E T .
Buy and sell Sterling Exchange and Cable Trans
fers. Issue demand drafts on Scotland and Ireland,
also on Canada, British Columbia, Portland, Oregon
San Francisco and Chicago.
C IR C U L A R NOTES issued in Pounds Sterling
available in all parts of the world.
Bills collected and other banking business trans
acted,
X>. A. McTAVISH, I Agents
H, ST1KEMAN. > Agen S'
BANKERS,
M I D D L E T O W N , C O N N .,
Buy and sell Government, State, Municipal and
Railroad Bonds and Stocks. Investments for Sav
ings Banks a specialty. Collections made.
(
gmu$%lxi'<xnv<x ^¡xnXizxs.
E.
W.
Clark
&
C o .,
No. 3 5 South Third Street, Philadelphia.
DEALERS IN CAR TRUSTS AND OTHER IN
VESTMENT SECURITIES.
Stocks and Bonds bought and sold on Commission
T O R O N TO , CANADA.
Prompt attention given to Collection of Commer
dal Bills and Canadian Funds on all points in Canada;
American and Sterling Exchange, and Stocks, Bonds,
etc., bought and sold.
Correspondents—Bank of New York, New York;
and Alliance Bank. London.
R obert M. ja n n e y
Jos. M . Shoemaker 8c C o .
W A L T E R W ATSON, > A „ 0_ ta
A l e x ’R L a n g ,
) A g e n ts.
Bank o f Australasia,
B A N K I N G C O R P O R A T IO N .
CAPITAL (paid-up).................................... $6,250,000
r e s e r v e f u n d .............. ....... : .......................... 3, 500,000
HEAD OFFICE, HONG KONG.
Tbe Corporation grant Drafts, issue Letters of
Credit for use of Travelers, and negotiate or collect
Bills payable at Bombay, Ca,cutta, Singapore, Saigon
Manila, Hong Kong, Foochow, Amoy, Ningpo,
Shanghai, Hankow. Yokohama, Hiogo, San Francisco
and London.
A . M . TOW NSEND, Agent, 4 7 W iilia m St.
Jackson 8c C o .*
Jos. M. Shoemaker .
N o s. 5 9 Sc 6 1 W A L L S T R E E T .
G zow ski 8c Buchan,
H o n g K o n g & Shanghai
E.
R A N K E R S ,
N, Y. Correspondents—Messrs. B lake Bros . & Oo.
(INCORPORATED 1835.)
4 T h r e a d n e e d le S t., L o u d o n , E n g la n d
PAID-UP CAPITAL, £1,200,000.
UNDIVIDED PROFITS (including Guarantee and
Reserve Funds), £479,376.
Letters of Credit and Drafts issued on the 110
branches of the Bank in the Colonies of Queensland,
New South Wales, Victoria. South Australia, Tasma
nia and New Zealand. Bills negotiated or sent for
Collection. Telegraphic Transfers made. Deposits
received in London at interest for fixed periods on
terms which may be ascertained at the office.
PRIDE AUX SELBY Secretary
C.
STR E E T,
N o.
BANKERS AND STOCK BROKERS,
134 SOUTH T H IR D S T R E E T ,
P H IL A D E L P H IA .
Dealers in all issues of United States Bonds. Invest
ment Securities a specialty. Correspondence invited
and full information upon financial subj ects furnished
Narr
8c Gerlach,
R A N K E R S AND B R O K E R S ,
No. 322 CHESTNUT STREET,
P H IL A D E L P H IA ,
AND No. 3 KCENIGSTRASSE, STUTTGART.
Orders executed by private wire in New York, Bos-ton and Baltimore.
Drafts issued on all principal points in the United
States and Europe.
R ea Brothers 8c C o .,
BANKERS AND BROKERS,
%n$Xmxâ
Ip w
izxs.
Brewster, Cobb
8c Estabrookc
BANKERS,
No.
35
C O N G R E SS
STREET,
BO STO N ,
MEMBERS OF TH E NEW Y O R K AND
BOSTON STOCK EXCHANGES.
ALSO,
D e a le r s In M u n ic ip a l, S tate, R a ilr o a d
a n d U n ite d S tates R o n d s .
Bank o f Deposit,
N o.
97
W O O D
S T R E E T ,
P IT T S B U R G , P A .
Dealers in Government, State, County, Municipal
and Railroad Bonds. Execute orders in all SECUR
ITIES listed at tbe New York and Philadelphia.
Stock Exchanges by Private Wire.
G eo. B. H ill 8c C o .,
BROKERS,
P I T T S B U R G , P A .,
Buy and sell all classes of Western Pennsylvania
Securities. Correspondence solicited.
A . P. Turner 8c C o .,
B A N K E R S AND
B R O K E R S ,
No. 207 W ALNUT PLACE,
P H IL A D E L P H IA .
8 4 Devonshire & 2 0 W ate r S ts.,cor,opp,P ,0
B O S T O .N .
• Interest on deposits subject to check.
Bonds and other investments bought and sold.
Correspondence invited. '
Orders executed at Boston and New York Stock
Exchanges, o f which we are members.
J. W. Middendorf , w . B. Oliv e r , C. A. A lberti
Members Baltimore Stock Exchange.
F. A . H aw ley 8c C o .,
M iddendorf, Oliver 8c Co»
RANKERS.
BANKERS AND BROKERS,
S. W . C o rn e r G e r m a n Sc S o u th S ts.,
P .O .B ox 397.
B A L T IM O R E , M d.
Special attention given to the negotiation o f For
eign Bills of Exchange, Collateral Loans and Com
mercial Paper;
INDICATORS AND TELEPHONE IN OFFICE.
Perkins, Dupee 8c C o .,
(Formerly Chas . A, Sweet & Co.),
B A N K E R S AND
No. 40
STATE
laltimorc gmx&ers.
BROKERS,
STREET,
B O S T O N , M ASS,
Dealers in Municipal. State and Railroad Bon da.
Joshua W ilbour ,
Charles H. Sheldon , Jr .
Benjamin A. Jackson , W illiam B in n ey , Jr .
W ilb o u r, J ack son 8cC o.,
BANKERS AND BROKERS
52 W E Y R O S S E T S T R E E T ,
P R O V ID E N C E , R . I.
Dealers in Commercial Paper, Government and
other first-class Bonds and! Securities and Foreign
Exchange.
\
Private Telegraph Wire to) New York and Boston,
Robert Garrett 8c Sons*
BANKERS,
N o.
7
SOUTH
S T R E E T ,
B A L T IM O R E ,
TRANSACT A GENERAL DOMESTIC AND
FOREIGN BANKING BUSINESS.
W ilso n , Colston 8c C o .,
BANKERS AND BROKERS,
B A L T IM O R E .
INVESTMENT and SOUTHERN SECURITIES a
specialty.
Correspondence solicited and information fur
nished.
N, Y. Correspondents—McKim Brothers & Co.
THE CHRONICLE.
N ovem ber 24, 1883.j
W
P. A. W il e y ,
Cashier.
W. T. B lackw ell ,
President.
T h e Bank o f
D urham ,
With ample means, and facilities excelled hy no
Bank in the State, invites correspondence and pays
pecial attention to collections.
T h os. P. M iller & C o .,
BANKERS,
M O B IL E , A L A B A M A .
Special attention paid to collections, with prompt
remittances at current rates of exchange on day of
payment. Buy and sell State of Alabama and City
o f Mobile Bonds.
Correspondents.—Bank o f the State of New York
New York ;. Louisiana National Bank, New Orleans;
Bank of Liverpool, Limited. Liverpool.
THE CITY BANK
OF
o u s t o n ,
T e x a s .
W e give special attention to collections on all
accessible points.
D irectors .—Benjamin A. Botts, Pres’t; F. A.Rice,
C. C. Baldwin, W. B. Botts, Rob’t Brewster, S. K.
Mcllhenny, B. F. Weems.
B. F, WEEMS, Cashier. BENJ. A. BOTTS.Pres’t
E. B. BURRUSS, Pres’t.
A. K. WALKER, Cashier
First N ational Bank,
W IL M IN G T O N , N. C.
Collections made on all parts o f the United States
W m. C. Courtney . Pres. E rnest H. P ringle , Cash
BANK
OF
CH ARLESTON,
Na tio na l b a n k in g association
C H A R L E S T O N , S. C.
Special A ttention given to Collections
MERCHANTS’ NATIONAL BANK,
R IC H M O N D , V IR G IN IA .
Collections made on all Southern points on best
terms; prompt returns.
JOHN P. BRANCH, President.
J ohn F. Glenn , Cash. F red . r . Scott, Vice-Pres’t
THOM AS BR AN CH
&
CO .,
BANKERS AND COMMISSION MERCHANTS,
R IC H M O N D , V IR G IN IA .
Virginia Bonds funded under the Funding Act
passed by the last Legislature, for per cent commis
sion. New North Carolina 6 per cent bonds, secured
by lien on the State’s stock in the North Carolina
Railroad, for sale.
WlxsUxu
N . W . Harris & G o .,
INVESTMENT BANKERS
76 DEARBORN STREET,
C H IC A G O , I L L .
P n A T T l Q State, County, City, Town, School.
D U I N U O j and Car Trust Bought and Sold.
The funding of entire issues receives special atten
tion. Write us if you wish to buy or sell.
(ZttmpmxUs.
grxxst
U nited States Trust C o .
OF N E W YORK,
N o. 49
W ALL
gatxlitrs.
T H E
CO M PA N Y L IM IT E D ,
(O F L O N D O N , E N G L A N D ),
Transact a general Financial and Agency Business in
the State of Texas and Europe.
C. E. WELLESLEY,
New York Correspondents:
General Manager,
Bla k e B ros . & Co.,
Da l l a s . T e x a s .
' Wall Street.
D. G. FONES, 5 STATE BANK, ) C. T. WALKER
President. ( Incorporated 1875.)
Cashier.
Germ an Bank,
ROCK,
ARKANSAS.
C a p it a l ( P a id in ) - - - $ 2 5 0 ,0 0 0
Prompt attention given to all business in our line.
N. Y. Correspondents .—Donnell, Lawson & Co'
and the Metropolitan National Bank,_______________
M ontana N ational Bank,
HELENA,
M.
T.
UNITED STATES DEPOSITORY.
$250,000
Capital,
C. A. Bro ad w ate r , Preset. A. G. Cla r ke ,V.-Pres’t.
E. Sh a r p e . Cashier.
T hos, M. T hornton .
W m . W. T hornton , Cash
W . F. TH O R N TO N &
This company is a legal depository for moneys paid
into court, and is authorized to act as guardian or
receiver of estates.
INTEREST ALLOWED ON DEPOSITS,
which may be made at any time, and withdrawn after
five days’ notice, and will be entitled to interest for
the whole time they may remain with the company.
Executors, administrators, or trustees of estates,
and females unaccustomed to the transaction of busi
ness, as well as religious and benevolent institutions,
will find this company a convenient depository for
money.
JOHN A. STEWART, President.
WILLIAM H. MACY, Vice-President.
F.
K E L E H E R
&
CO.,
805 OLIVE STREET, ST. LOUIS,
D e a le rs In W e s t e r n S ec u rities.
Defaulted Bonds of Missouri Kansas and Illinois a
Specialty. Good Investment Securities, paying from
4>£ to 10 per cent, for sale.
References in New York, by permission, Clark
Dodge & Co., 51 Wall St.; Hatch & Foote, lg Wall Bt.
References in St. Louis, Banks generally.
Safe
D
e p o s it
OP
V
aults
T h e N ational Park Bank
214
OF NEW YORK,
& 216 B R O A D W A Y .
TH R O U G H THE
BANK.
G eo. H . Prentiss & G o .,
N o . 1 1 W A L L S T ., N E W Y O R K ,
AND
2 0 8 M O N T A G U S S T ., B R O O K L Y N .
GAS
STOCKS
TRUSTEES
Dan. H. Arnold, James Low,
John H.Rhoades
Thomas Slocomb, W. W. Phelps, J. B. Williams,
Charles E. Bill, D. Willis James, Anson P, Stokes,
Wilson G. Hunt, John J. Astor,
Chas. H. RnsseU,
Wm'H. Macy,
John A. Stewart. Robt. B. Mintnrn
John J. Cisco,
S.M.BuCkingham Geo. H. Warren,
Clinton Gilbert, H. E. Lawrence, George Bliss,
Daniel D. Lord, Isaac N. Phelps, John C. Brown,
George T. Adee, Erastus Coming, William Libbey,
Samuel Sloan, )S. B. Chittenden,
JAMES S. CLARK. Second Vice-President.
HENRY L. THORNELL, Secretary.
LOUIS G. HAMPTON, Assistant.-Secretary
Street Railroad Stocks and Bonds
T h e Brooklyn Trust G o.
SEE GAS QUOTATIONS IN THIS PAPER.
Cor. of Montague & Clinton sts. Brooklyn, N. Y.
This Company is authorized by special charter to
act as receiver, trustee, guardian, executor or ad
ministrator.
It can act as agent in the sale or management o
real estate, collect interest or dividends, receive
registry and transfer books, or make purchase and
sale o f Government and other securities.
Religious and charitable institutions, and person*
unaccustomed to the transaction of business, will
find this Company a safe and convenient depository
for money.
EDMUND W. CORLIES, Vice-Pres’t.
TRUSTEES:
John P. Rolfe,
Chas. R. Marvin, Henry K.Sheldon
E. F. Knowlton, Josiah O. Low, John T. Martin,
H. E. Pierrepont, Alex. McCue,
Edm’d W. Corlies
Alex. M. White, A. A. Low,
Fred. Cromwell,
Henry Sanger,
Mich’l Chauncey, C. D. Wood.
WM. H. MALE, Secretary.
JAS. R. Cu r r a n . Assistant Secretary.
Mills Building, 35 W all St., New Y ork .
P A I D U P C A P I T A L , $ 1 ,0 0 0 » 0 0 0 .
Designated as a legal Depository by order of Su
preme Court. Receive deposits of money on interest,
act as fiscal or transfer agent, or trustee for corpora
tions and accept and execute any legal trusts from
persons or corporations ..on as favorable terms as
other similar companies.
THOMAS HILLHOUSE, President,
FREDERIC D. TAPPEN. Vice-President
WALTER J. BRITTIN, Secretary.
R u c tio n
S T O C K S and B O N D S
A t A u ction .
The Undersigned hold RE G U L A R AUCTION
SALES of all classes of
ST O C K S
A I D
BO N D S
ON
WEDNESDAYS AND SATURDAYS.
A D R IA N H . M U L L E R &
AND
GAS
S E C U R IT IE S ,
AN D A LL KINDS OP
BROOKLYN
IN .
Geo. H. P rentiss ,
W. W. W alsh :
Member N. Y. Stock Exchange.
Francis Smith & C o .,
Indianapolis, Ind„ Vicksburg1, Miss.
A n d 31 P o u ltr y , L o n d o n .
BROKERS
IN
M O R T G A G E
LOANS.
W hite por Circular .
P O R S A L E —F ir e I n s u r a n c e S to c k s .
Shs.
VShs.
IShs.
10 Continental. 10 Hojne.
10 New York.
29 Frank.&Emp. 40 Loriliard.*
27 Niagara.
100 Germania.
42 Knickerb’ck’r 100 Phenrx.
25 Guardian.
| 20 Montauk.
I 30 Standard.
J. P . W IN T R IN G H A M ,
G AS, IN SU R AN C E, B A N K STOCKS, & 0.
SECURITIES BOUGHT A T THE AUCTION SALES.
3 6 PINE ST R EE T , N. Y .
THE
W ESTERN
F a r m M o r t g a g e C o .,
L A W R E N C E , KANSAS,
Offers to investors the best, securities in the market
FIRST MORTGAGE LOANS UPON IMPROVED
FARMS. Interest and principal paid on day of ma
turity in New York. Funds promptly placed. Large
experience. No losses. Send for circular, references
and sample forms. F.M. PERKINS, President; J. T.
W ARNE,Yice-Prest.; L. H. PERKINS, Secretary.
CHAS. W. GILLETT, Treas. N. F. HART Auditor
N . T . Beers, J r.,
B r o o k ly n Securities, City B o n d s ,
G a s S to c k s , & c .,
N o.
1
*
SAM UEL
S E C U R I T IE S
DEALT
SON,
No. 7 PIN E STREET. NEW Y O R K ,
SON,
(Established 1859,)
B A N K E R S
AND B R O K E R S .
8HELBYVTLLE, ILLINOIS.
Collections made in Shelby and adjoining Counties
and Proceeds remitted on Day o f Payment.
REFERENCES—National Bank o f Commerce.New
York. Union National Bank, Cincinnati. Third
National Bank, St. Louis. Traders’ Bank, Chicago.
Indiana Banking Company. Indianapolis.
ESTABLISHED 1871.
P.
346 & 348 B road w ay,
Cor. of Leonard Street.
NEW YORK.
Receives for safe-keeping, UNDER GUARANTEE,
Bonds, Deeds,Wills and other valuable papers; Silver
ware, Jewelry, Paintings, Silk Goods, Old Businesi
Accounts, &c.
S afes to r e n t fr o m $ 1 0 to $ 2 0 0 p er y e a r .
ENTRANCE
STREET.
Texas Land & M ortgage M etropolitan Trust C o .,
L IT T L E
M ANHATTAN
Safe Deposit & Storage C o
HOUSTON, CAPITAL AND SURPLUS, $5,000,000
C A P I T A L ., $ 5 0 0 ,0 0 0 ,
H
ü atc gepusit ©umpaixies.
lx s U x u
N o.
D U R H A M , N . C .,
V
N E W
S T R E E T ,
NEW YORK.
_________
H . L . Grant,
BUDD.
No.
145
B R O A D W A Y ,
Fine Custom Shirts our Specialty.
NEW YORK
Over Twenty Years’ experience war
CITY BAILROAD STOCKS & BONDS
rants the assertion that our Dress
BOUGHT AND SOLD.
Shirts are unequaled for style, appear See quotations of City Railroads in this paper^^
ance and workmanship. W e guar
JUST i s s u e d !
'
New Statistical Map ofTTMexico 44x70 i n ......... |7 00
antee in all cases a perfect fit.
New Railroad Map of U. S., 72x84 in............... lo ««
SAM UEL. R U D D ,
Broadway %
4th Strççt, New York.
New Railroad Atlas, 102 pages.. . . .
10 00
'
Have Maps of every variety and Map Gt SOS,
Send for Illustrated Catalogue. _
J . L . S M I T H , P u b lis h e r .
SIXTH & ‘ CHESTNUT STS. PHILADELPHIA P A
vi1—
1k-üäC.i..¿r&k.
c
THE CHRONICLE.
^ jx c c ia l
% w v £ ô tm m t8 .
Car T rust Bonds.
WE MAKE A SPECIALTY OF THESE VERY
SAFE SECURITIES, AND BUY AND SELL SAME
AT MARKET PRICE.
W E OFFER A LIMITED AMOUNT OF DESIR
ABLE CAR TRUST-ISSUES, ADDITIONALLY
SECURED BY THE DIRECT OBLIGATION OF
th e r a i l r o a d e q u i p m e n t c o m p a n y
PO ST,
M A R T IN
&
CO.,
NO. 34 PIN E STREET.
W M .
C.
N O Y E S,
No. 21 NASSAU STREET,
dealer in
CITY
R A ILW A Y
G A S
TRUST
STOCKS,
S T O C K S ,
C O .’ S
TELEGRAPH
STOCKS,
STOCKS,
B a n k S to ck s, In su r a n c e Stocks.
Fred.
H.
Sm ith,
STOCK AND BO ND B R O K E R ,
20 B R O A D STREET, NEW Y O R K
Railroad Securities a Specialty.
Intimate knowledge o f all for past fifteen years.
Information cheerfully given. Investors or dealers
wishing to buy or sell are invited to communicate.
All stocks dealt In at New York Stock Exchange car
ried on margins.
\yxizxzsi,
gitrMjetxfts,
&t.
F F I C E O F P U L I .M A N ’ S P A L A C E
CAR COMPANY, CHICAGO, Oct. 18. 1883.—At
the annual meeting o f the stockhholders, held this
day. It was voted to increase the capital stock not ex
ceeding twenty per cent, to be issued at the discre
tion oxthe Board o f Directors, who subsequently re
solved to issue ten per cent thereof as follows:
Stockholders of record on November 1,1883, will
nave the option until December 1,1883, to subscribe
for such stock at par, to an extent not exceeding onetenth o f their holdings o f record on said Nov. 1.1883.
Payment to be made on or before Dec. 1,1883. at
which time full-paid certificates will be issued for
each payment, excluding fractional shares. Blank
forms o f subscription and all information relating
thereto maybe obtained at
Farmers’ Loan and Trust Company, New Fork.
New England Trust Company, Boston.
The company’s office, Chicago.
A . S. WEINSHEIMER, Secretary.
O
%utextst,
[Voi.. X X X V II,
See.
P E N N S Y L V A N I A R A I L R O A D CO.
•
TREASURER’S DEPARTMENT,
'P h ila d e l ph ia , November 1,1883.
The Board of Directors has this day declared a
Semi-annual Dividend of FOUR AND A HALF
PER CENT on the Capital Stock of the Co mpany
clear o f all taxes, payable on and after November
80,1883, to stockholders as registered on the books
o f the Company at 3 P. M. on the 31st of October,
1883.
in order that shareholders may have the option of
converting Two Per Cent of this dividend into the
capital stock of the Company at par, certificates will
be issued at the time the dividend is collected, re
presenting such amount, which will be exchanged
for the capital stock at par, prior to February 1,1884,
when presented in sums of $50.
On November 30,1883, dividends will be paid to
women only._____ JOHN D. TAYLOR. Treasurer.
A R A N D R A P ID S & IN D IA N A R A lL v J ROAD COMPANY.
Trustees’ Offices, 3 Nassau Street, New York; 415
Chestnut Street, Philadelphia.
TO BONDHOLDERS OF THE GRAND RAPIDS &
INDIANA RAILROAD COMPANY.
Purchases for the “ Sinking Fund ” of Bonds of the
above-named Company, secured by mortgage o f Oc
tober 1, 1869, and having certificate of additional
security of Land Grant attached, as made by the
undersigned, in pursuance of notices heretofore given,
at 110 and interest, will cease on December 31,1883,
after which date par and interest is the highest limit
which the Trustees are authorized to offer.
The undersigned reserve the right to reduce the
present limit at anytime before the above-named
date, should it be considered expedient.
GEORGE W. CASS,
THE PHILADELPHIA TRUST, SAFE DEPOSIT
AND INSURANCE CO.,
J. L. ERRINGER, President,
Trustees.
T E X A S & S T . L O U IS R A I L W A Y COS.
A— NOTICE is hereby given that the time within
which bondholders and stockholders of the Texas &
St. Louis Railway Company in Missouri and Arkan
sas, and of the Texas & St. Louis Railway Company
in Texas may become parties to the readjustment
agreement, dated Nov. 1,1883, will expire on the first
day of December, 1883.
On or before such date all such bondholders and
stockholders must deposit their bonds or stock with
the undersigned, at either the National Bank of Com
merce, In the City of New York, or the Third National
Bank o f St. Louis, where copies of said agreement
may be obtained. Certificates for deposit will be
issued by the undersigned.
Dated, November 14,1883.
W. W. SH ERMAN,) Readjustment
A. WOLFF,
( 'Jrustees.
F IC E O F T H E P E N N S Y L V A N IA
O FRAILROAD
COMPANY, 333 SOUTH FOURTH
Jfiuauxial.
N ovem ber
Investments.
St. Louis Jacksonville & Chicago 1st, 7s, 1894,
Columbus & Toledo 1st, 7s, 1905.
Columbus & Hocking valley 3d, 7s, 1893.
Jackson Lans. & Sag. (guar. Mich. Cent.) 1st, 6s, 1891.
Ohio & West Virginia 1st, 7s, 1910.
Jefferson Madison & Indianapolis 1st, 7s, 1906.
Columbus & Indianapolis Central 3d, 7s, 1904.
Sioux City & Pacific 1st, 6s, 1898.
Susp. Bridge & Erie June. (guar. Erie) 1st, 7s, 1900.
Chicago Rock Island & Pacific 6s, 1917.
Central RR. of N. J. Debenture Bonds and Scrip.
Central RR. of N. J. Income Bonds.
Fort Wayne & Jackson Preferred Stock.
Fort Wayne Cincinnati & Louisville Stock.
Sioux City & St. Paul Land Grant Bonds.
Warren Railroad New Jersey Guaranteed Stock.
BOUGHT AND SOLD.
CH AS.
T.
W IN G ,
No. 18 WALL STREET,
With A. M. KIDDER & CO., Bankers.
B O N D S.
N ew York Lackawanna & Western 6s, 1921.
guaranteed by Dela. Lack. & West. R E .
Ohio & W est Virginia 1st 7s, 1910.
Northern P acific Terminal Co. 6s, 1933.
St. Paul & Northern P acific 6s, 1923.
New Y ork Chicago & St. Louis Equipm ent 7s.
FO R SALE B Y
R E E D
52
&
H V R L B U T ,
W IL L IA M
STREET.
A lbert E . H achfield,
8 & 10
P IN E
STREET.
B o n d s a n d In vestm en t Securities
W A N T E D :
Grand Rapids & Indiana Bonds.
Indianapolis & St. Louis Bonds.
Joliet & Northern Indiana Bonds.
Rome Watertown & Ogdenshurg 1st and 3ds.
Terre Haute & Indianapolis Stock.
Elizabeth City Bonds
E.
S.
B ailey,
7 F IN E S T R E E T .
DEALINGS EN
I N S U R A N C E
S T O C K S
PHILADELPHIA, OCTOBER 18,1883.
A S P E C IA L T Y .
Proposals will be received by the undersigned
Cash paid at once for the above securities ; or they
until three o’clock P. M. of Friday, the thirtieth day will
be sold on commission at seller’s option.
of November next, for the purchase of $3,500,000 of
the five per cent registered bonds of the Steubenville
& Indiana Railroad Company, the principal and in
terest payable at the agency of the Company, in the
City of New York, being part of a loan o f $8,000,000
o f first mortgage bonds of the said Company, ma
BANKERS & BROKERS,
turing January 1st, 1884, but extended for thirty
3 3 N ASSAU S T R E E T , N E W Y O R K ,
years from the date of their maturity, with interest
Q N T A R I O S I L V E R M I N I N G C O M payable January 1st and July 1st of each year.
will make collections o f and give full information in
regard to
These bonds are secured by a first mortgage upon
PANY, Mills B uilding , 15 Broad St., New
the line of road from Steubenville to Newark, in Pennsylvania Railroad Co. Dividend.
York, Nov. 19,1883.
Ohio, 117 miles, including the Cadiz Branch o f 8
DIVIDEND NO. 89.
miles, making a total of 135 miles. The Steuben
THE REGULAR MONTHLY DIVIDEND of ville & Indiana Railroad forms part of the line of
the Pittsburg Cincinnati & St. Louis Railway
FIFTY CENTS per share has been declared for Oc Company, extending from Pittsburg, Pennsylvania,
OF N E W YORK,
tober, payable at the office of the Transfer Agents, to Columbus, Ohio, 193 miles, and, including the
Cadiz Branch, 301 miles: which company has a full
Lounsbery & Haggin, Mills Building, 15 Broad St., on paid
1 5 N a ssa u S t., C o r. o f P in e St.
capital stock of $8,437,300; consolidated mortgage
80th inst. Transfer books close on 34th inst.
bonds, $6,863,000, and second mortgage bonds, $z,500.000, as a subsequent lien to the bonds herein re CAPITAL, $1,000^000 in U. S. Bonds,
LOUNSBERY & HAGGIN, Transfer Agents.
ferred to. exclusive of the bonds of the Holliday’s
Cove Railroad Company, $130,000, and the Colum
W i t h $ 1 ,0 0 0 ,0 0 0 S U R P L U S .
O F F I C E O F T H E JT O C U IST IT A M I N bus and Newark Division bonds outstanding, $134,T I N G CO., Mills B uilding , No. 15 Broad St., New 000, making together $354,000.
■t
-------Fork, Nov. 14,1883.
Allows
Interest on deposits, returnable on demand,
The net earnings of this line in 1883 were $1.403,or on specified dates.
560, of which the proportion due to the Steubenville
DIVIDEND NO. 10.
Is a legal depository for money paid into Coart. Ie
The Jocuistita Mining Company has this day de & Indiana Road would be $873,860, while the Inter
to act as Executor, Administrator, Guar
clared a quarterly dividend o f Fifty Thousand Dol est upon its first mortgage bonds as extended, which authorized
or in any other position of trust..
lars, being FIFTY GENTS (50c.) PER SHARE, is a first lien upon these earnings (except the inter dian,
Also as Registrar or Transfer Agent of Stocks and
payable at the office of Lounsbery & Haggin, Mills est upon the $354,000 of bonds above referred to),
would be only $150/ 00, thus showing that the secu Bonds, and as Trustee for Railroad Mortgages.
Building, No. 15 Broad Street, on the 30th inst.
HENRY F. SPAULDING, President.
rity offered by these bonds Is of the highest and most
Transfer books close on the 34th inst.
FREDERICK P. OLCOTT,)
.
substantial character.
B. B. SHERMAN,
Vice-Presidents.
•
___________ R. P. LOUNSBERY, President.
The Pittsburg Cincinnati & St. Louis Railway,
O. H. P. BA BCOCK. Secretary.
the various leased and controlled lines operated
D O C H E S T E R & P I T T S B U R G R A I L with
GEORGE SHERMAN, Assistant Secretary.
in its interest, forms the southwestern system of
ROAD COMPANY, T reasu rer ’ s Office , No. roads controlled by the Pennsylvania Railroad Com
BOARD OF TRUSTEES.
pany, by which it reaches the cities of Chicago, Cin
30 Nassau St ., New York , November 33,1883.
cinnati, Indianapolis, Louisville and St. Louis.
Class o r 1884. Class o r 1885 Class o r 1888.
The coupons of the consolidated first mortgage
A payment of ten per cent will be required upon A. A. Low,
S. D. Babcock, David Dows,
bonds of this company, due December 1, will be paid the acceptance of the proposals, the balance on or Fred’k H. Cossitt, I. N. Phelps, George W. Lane,
before the thirty-first day of December next, and Jac'b D. Vermilye Jno. Thorne, Beni. B. Sherman,
at the Union Trust Company of New York on and the
delivery of the bonds will he made as soon after
Wm.Allen Butler Amos R. Eno, J. Pierpont Morgaf
after ¿hat date.
that date as practicable.
Percy R. Pyne, Gust’v Schwab Chas. Lanier,
Should proposals be received in excess of the W 4». H. Appleton J. P. Wallace, George I. Seney,
FRED. A. BROWN, Treasurer.
amount o f bonds offered, the same will be distributed Edm. W. Cori tes, JosiahM.Fiske Chas. G. Landon,
rata, but the right is reserved of .rejecting any Geo. MacC.Mlller, H.F. Spaulding Wm. H. Webb,
f ) F F I C E O F T H E I N D I A N A B L O O M - pro
or all of the bids.
Cornelius N. Bliss. J. S. Kennedy, Fred. P. OLoott.
W INGTON & WESTERN RAILW AY COMPANY,
JOHN D. TAYLOR, Treasurer.
115 Br o a d w a y , New Y ork , November 15,1883.
Spencer Trask.
Ge». F. Peabody.
rF O T H E H O L D E R S O F S E C U R I T I E S
Coupons of the First Mortgage Eastern Division A OF THE ST. JOSEPH & PACIFIC RR. CO.
KANSAS & NEBRASKA RAILROAD CO.
bonds of this Company due December 1, will be paid
ST. JOSEPH & WESTERN RAILROAD CO.
S p en cer T ra sk &
G o .,
at the Corbin Banking Co., 115 Broadway, New Fork.
We have, in connection with other security holders,
F. W. DUNTON, Treasurer.
taken up a controversy on behalf of the mi nority hold
ers of the above-named securities, to protect them
B a n k e r s ,
( Y F F I C E O F T H E O H I O S O U T H E R N from the appropriation and destruction of the prop
erty by its present management. We invite all per
■ R A IL R O A D COMPANY, 115 Br o a d w a y , New sons
interested in common with us in these securities
Y o r k , Nov. 15,1883.
to call and confer with us at our office and to unite
Coupons o f the First Mortgage Bonds o f this Com with us in this effort.
Transact a G en eral B a n kin g B usin ess
E. C. BENEDICT & CO.,
pany, due December 1, will be paid at the Corbin
29 Broad Street, New York.
Banking Co., 115 Broadway, New York.
Branch offices .
HENRY GRAVES, Treasurer.
MY BELLEFONTE CAE WORKS
Alexander C a m p b ell& C o
Central Trust Com pany
70 Broadway, New York City.
AREGON
IM P R O V E M E N T
COM VP
A N Y . NEW
NEI Y o rk , November 31,1883.
rPANY,
The interest coupons of the Company’s First Mort
gage Bonds, due December 1, 1883, will be paid at
She offtoe of the Farmers’ Loan & Trust Company
•n and after that day.
.....
T. H. TYNDALE, Secretary.
FOR S A L E ! ! !
ESTIMATE, $71,713 38. SACRIFICE, $44,313 88 ! ! !
P R I C E , $ 2 7 ,5 0 0 .
For November Catalogue, &c., apply.at the office of
this paper, or address
WM. LAWSON, P. O. Box 3,116, New York.
Connected by private wires.
Philadelphia, 132 S. Third St., C. F. Fa»
Albany, N. Y., 65 State St., W. A . Gram
Providence, R¿I., 13 Westminster St.
Saratoga, N. Y, Grand Unira Hotel.
H U N T ’S
^
MERCHANTS’
MAGAZINE,
H i W S p B p e * »
REPRESENTING TH E IN D U ST R IA L A N D COMMERCIAL INTERESTS OP TH E U N ITED S T A T IS
VOL. 37.
SATURDAY, NOVEMBER 24, 1883.
CONTENTS.
NO. 961.
company, and will now leave it in stronger and better
position than for many years past. W e know that he is
TH E CHRONICLE.
The Financial Situation............545
M onetary and Commercial
by nature sanguine, that he has made some statements
Railroad P ool Entanglem ents. 547
E nglish N ew s.......................... 553
The Oregon E kilw ay & N avi
Commercial and Miscellaneous
subsequent events failed to confirm, and that perhaps
gation C om p an y .......................549
N ew s........................................ 554
The Cotton Crop and W eather
even now allowance must be made for the buoyancy of
Conditions...............................
551
his temperament. But we also know that his efforts on
TH E B AN KERS’ GAZETTE
M oney Market, Foreign E x
Quotations o f Stocks and Bonds 558
behalf of* the company have been untiring, that he has
change, U.S. Securities, State
New Y ork L ocal Securities___ 559
and R ailroad Bonds and
R ailroad Earnings and Bank
devoted
himself to its affairs with a singleness of purpose
Stocks.............................
556
R e tu r n s ......... .......................... 560
Range in Prices at the N. Y .
Investm ents, and State, City
and
sincerity
of motive that have, commanded for him
Stock E xchange ....................... 557
and Corporation F in an ces.. 561
TH E COM M ERCIAL TIMES.
universal admiration. In a word, he has shown himself
Commercial E pitom e.................. 564 I Breads tufts....................... 570
Cotton............ .............................. 565
D ry G oods................... ................571
in the management of his trust possessed of rare skill
and uncommon integrity.
The important fact is that it is only about three years
3 ^ I xjc © h r e u i t l e .
T h e C om m erc ial a n d F in a n c ia l C h r o n ic le is published in since - the Reading went into the hands of receivers, and
New York every Saturday morning.
yet Mr. Gowen now thinks that the company has reached
fEntered at the Post Office, N ew Y ork, N. Y ., as second-class m ail matter. |
a point where he can safely relax his own efforts on
TERMS OF SUBSCRIPTiON-PAYABLE IN ADVANCE! its behalf and let others take the helm. He tells us
For One Y ear (including postage ..........................................$10 20.
that when the accounts for the present year are made up
For Six Months
do
........................................
6 10.
they will show that the company has earned enough to
Annual subscription in London (including postage).......... £ 2 7s.
...........
1 8s.
S ix m os.
do
do
do
meet all its charges and pay, besides, a dividend of 7 per
Subscriptions w ill be continued until ordered stopped by a written
order, or at the p ublication office. The Publishers oannot be responsible cent on the preferred stock (of small amount) and 5 per
tor Remittances unless m ade b y Draft’s or Post-Office M oney Orders.
cent on the common stock ; and further, that he will vote
L iv e r p o o l Office.
The office o f the Ch ronicle m L iverpool is at No. 5 B row n’s B uild all proxies given him, in favor of paying 21 percent arrears
lngs. where subscriptions and advertisements w ill be taken at the
UU OU
regular rates, and
single copies o f the paper supplied at Is. each.
of dividends on the preferred stock and 3 per cent upon
W ILLIAM B. DANA & CO.. Publishers,
WILLIAM B. DANA
NA. ?
79
&
81
William
Street,
N
E
W
YORK.
the common. If the annual report confirms Mr. Go wen’s
JOHN G. FLOYD
P ost Off ic e B o x 958.
•
A neat file cover is furnished at 50 c e n ts: postage on the same is 18 statements, our humorous friends who thought the idea of
cents. Volumes bound fo r subscribers at $1 00.
the Reading’s guaranteeing Central New Jersey stock was
very ludicrous— resembling much the efforts of one bank
THE FINANCIAL SITUATION.
There has been no marked change in the situation the rupt vouching for another— will find that their witticisms
past week. Commercial affairs continue as last reported, were misplaced. Of course Mr. Gowen is indebted to nat
a large distribution of merchandise being in progress, but ural agencies aiding his efforts for his success. For even
at prices leaving in many departments very little margin while the iron and other industries . consuming coal
for profit. The disposition among manufacturers is not have been greatly depressed the demand for anthra
to accumulate stock, so that the tendency remains, wher- cite from the West and South has been heavily increased
ever consumption is slow, to force sales even at a sacri so that in the ten months of the present year alone the
fice. Still, this of late has become less of a feature, and production of coal had gained 2,738,508 tons, of which
the feeling in mercantile circles encourages the belief nearly one half was on the Reading, enabling the company
that as the surpluses of the crops are marketed, a snore to make as good an exhibit as it does.
W e are
active demand for goods will set in, and our full produc aware also that there is a possibility that produc
tion be readily absorbed. This country develops rapidly, tion may have to be cut down ; so too, as many claim, the
and requires but a short time of rest to overtake an excess coal combination may go to pieces. But the objection to
of manufacturing power or commercial facilities which these theories is that thus far neither is true. The public
are developed during any period of good trade.
is safe therefore in rejoicing with Mr. Gowen that one of
W e have been reminded quite forcibly the past week our leading transportation lines, in whose welfare so many
of this latter truth, in the statement of Mr. Gowen with interests are bound up, has again been placed upon a sol
regard to the Reading Railroad. The very many friends vent and substantial footing.
of that gentleman have heard with regret the announce
A very satisfactory incident of the week was the
ment that he has determined to retire from the presidency refusal of Judge Wallace to grant a preliminary injunc
of the road at the annual meeting in January, but the tion restraining the Northern Pacific Railroad Company
thought of dispensing with his services is at least accom from issuing its second mortgage bonds. It is not so
panied by the pleasing reflection that he has, under great much the mere fact of refusal that interests the public,
difficulties, succeeded in thoroughly rehabilitating the as the grounds of the refusal, and following so immediately
S
[V ol . X X X V II.
•Judge Ingrahams decision of last week, it encourages
the belief that our courts have finally awakened to the
truth that they have in the past been used for speculative
purposes, and that they do not intend to be so used in
future. Judge Ingraham stated plainly in the case before
Mm that on an application for a mandamus it is necessary
•and incumbent upon a petitioner to prove clearly in his
papers that he is not attempting to use the writ to serve
merely speculative or personal ends. A nd Judge W al
lace now adds that “ a court of equity will not be swift to
, u grant the stringent relief of a preliminary injunction
V to an officious plaintiff who seems to have acquired his
v interests as a stockholder with a view of assailing trans
a c t io n s in ¿he corporate affairs of which existing stock“ holders do not seem to have complained.”
Doctrine such as these decisions declare, is truly whole
some. There is no doubt but that our courts will continue
to take care of and protect minorities where their aid is
invoked for cause. They are the weaker party, and for
such the equity side of the court exists. There is also an
essence of truth underlying Matthew A rnold’s “ theory ”
that the majority is unreliable, and that the only solution
to be found is in the “ remnant.” But hereafter let it be
^remembered that that “ remnant,” if. it wants a standing:
o
in court, must establish clearly that it is a sufferer
needing relief, and not simply a cat’s-paw using the
.court for pulling out a chestnut for a Wall Street
speculator, or that its purpose is reputable and not
to vex and harass those in control in the exercise of their
legitimate functions. The principle cannot be too widely
understood or too generally adopted, that for all ‘¿officious”
litigants there is no standing in a court of equity.
There is little charge to note in the stock market this
week. It appears to be pretty firmly held, and the tone is
strong for the principal stocks.
In another column
we have remarked upon the threatened rupture of
the Iowa pool, by the withdrawal of the St. Paul
from that combination.
It may be well to add
that the impression on the street is that the differences
will be speedily adjusted, or that if the pool is rup
tured comparatively little injury will result to any
■of the roads in the combination. A ll of the lines have
as much business as they can do, and it is not likely that
any one o f them will be so unwise as to cut rates at
such a time or take traffic, either through or local, at
the least reduction. It is perhaps unfortunate at a period
when confidence in the future of stock values seemed
to be rapidly, growing, that anything should occur
to disturb that confidence, and therefore the action
o f the St. Paul managers is open to criticism.
The
Railroad Commissioners of this State have tabled for
future consideration a resolution reciting the fact that the
Executive Committee of the trunk line pool have ordered
an advance in east-bound freight rates to the basis of
30 cents per 100 pounds for grain on and -after
the 26th inst.,— expressing' the opinion that such ad
vance in rates is impolitic. . Inasmuch as the Railroad.
Commissioners’ jurisdiction embraces only two or at m ^ ,
three of the roads in the trunk-line pool, it would seem
to be well to let the resolution remain on the table. The
majority of the roads will be. certain to advance rates to
the winter schedule, and even if the Commissioners have
the power it will certainly be unwise to seek to enforce
the regulation as respects merely those lines that do come
within their .jurisdiction.
The directors of the Chicago & Northwestern have
again disappointed at least the speculating public. It was
expected that the executive committee would meet this week
and declare dividends upon the common and preferred
stocks, amounting to not less than 8 per cent per annum upon
the former and 10 on the latter. But it appears that no
meeting was called, and if any was contemplated it has
been deferred. Meantime investors are perhaps solaced
with the report, semiofficially promulgated, that the road
is earning at the rate of 15 per cent on the common stock.
The exchange market has continued strong, but
yesterday rates were reduced, after having been
advanced early in the week.
The demand for bank
ers bills has absorbed all the offerings, which must have
been large from the liberal movement of cotton this week
and tolerably free shipments of breadstuffs.
It is
possible, however, that bills against the bulk of these
exports have not yet come forward or are not at the
moment available, and if this should prove to be the
case we may look for a sharp decline after the present
exceptional demand is satisfied. Bankers claim to be at
a loss to account for the sudden inquiry-which resulted
in the advance in the rates last Thursday, and which
kept the market so firm during most of this week. The
majority appear to believe that the demand grew out of
transactions in Canadian Pacific in London, the price of
which has moved concurrently with that in our market and
has apparently led the movement here. Another theory is.
that the demand arose from the arrival here on Thursday
last of large blocks of speculative stocks— chiefly the Y il.
lards— which had previously been sold here for European
account but for which remittance was deferred until their
arrival.
Whatever may have.been the cause for the demand, the
transaction was so large— involving since last Thursday
over £1,000,000— as to excite comment, and the fact that
the bankers making the purchase desire to keep its object
secret, at least for the present, shows that it was expected
to have an important influence upon the markets. If the
transaction was solely in connection with the Canadian
Pacific it ought to have had a more marked effect upon the
London price than it has ; if it was against sales here of
the Villard stocks which were borrowed for delivery, these
properties should have fallen after the return of the stock.
The trade figures for October as revealed by the reports of
the movement of breadstuffs and provisions, and the large
shipments of cotton thus far this month, give promise of an
increase in the favorable trade balance, and therefore the
rates of exchange may be expected to keep close to
figures which will again permit the import of gold from
London. The following shows relative prices of leading
bonds and stocks in London and New Y ork at the open
ing each day.
Nov. 19.
U.S.4s,c.
U.S.4%3.
Brie......
2d eon.
ill. Cent.
N. V. C..
Beading
Ont.W’n
St. Paul.
Can.Pac.
HJxch’ge,
cables.
Nov. 20.
Lond’n N.T. Lond’n
prices.* prices. prices.*
122-84 122% 122-22
113-59J 114% 113-47*
29-40 29M 29-64
95-74 98% 95-74
183-65 133
134-37
117-12 116% 117-36
26-11+ 51% 25-99120-65 20% 20-65
97-92 97% 98-17
60-26 59% 61-23
4-86.
Nov. 21.
Nov. 22. .
Nov. 23.
N.T. Lond’n N.T. Lond’n N.T. Lond’n N.T.
prices. prices.* prices. prices.* prices. prices.* prices•
122% 122-35 122% 12235 122% 122-47 122%
114% 113-59* 114% 113-59* 114% 113-71* 114%
29% 29-43 29% 29-67 29% •29-43 29%
96
65"8J 96% 9413 96% 93-89 96%
183% 134-27 133% 133-78 133
133-78 133%
117-12 1116% 117-36 116% 117-24 116%
117
26-75-1- 51% 26-02+ - 52% 26-39+ 52%
52
20% 20-67 20% 20-67 20% 20-67
20%
87% 97-17 ■ 97% ■98-14 ■97% 98-27
98
61-05 60% 61-64 61% 61-05 ;eo%
61
4-86
4-86%
4-86%
4-86%
♦Expressed in their New Y ork equivalent,
t Reading on basis o f $50, par value.
t Ex-interest.
There is no change in the money market, the rates
remaining abnormally low. Mail advices report a lighter
demand from the interior upon the Western distributing
centres, the movement of grain out of the extreme North
west being about ended. A t St. Louis there was in the
beginning of the week a liberal shipment of cotton and
N o v e m b e r 24, 18 83.]
THE CHRONICLE.
M7
with every, promise of an improvement in the value o f
share properties, it is within the power of a few men con
trolling some of our larger corporations (perhaps honestly
and possibly .for cause) to pursue a course which will setat naught all recuperative forces, and thus defer still
Net Interior
Received by Shipped by
longer that return of confidence so essential to a restora
Week Ending Nov. 23,1883.
Movement.
N.Y. Banks. N.Y. Banks.
Loss. *313,000 tion of business upon an active, healthy and profitable
*1,241,000 **1,554,000
100,000
Loss.
59,000 basis. "Who can measure the adverse influence of the war
41,000
Gold..................................................
*1,654,000
Loss. *372,000 (in the same territory but on a different class of traffic),
Total gold and legal tenders...... *1,282,000
that broke out just about a year ago, at a time when the
* *830 000 o f tliis was transferred in the shape o f silver certificates b y
a deposit o f gold in the Sub-Treasury.
business outlook had visibly brightened through the
The above shows the actual changes in the bank assurance of large crops and when affairs were
holdings of gold and currency caused by this movement apparently shaping themselves to check any further
to and from the interior. In addition to that movement progress in the depression of trade and industry ? And
the banks have lost $1,500,000 through the oper is it to be [wondered at that with the St. Paul’sations of the Sub-Treasury. Adding that item there move before it, the public should also recall the
fore to the above we have the following, which should meeting of the east-bound trunk line pool, two weeks ago,
indicate the total loss to the N. Y . Clearing House banks when the limit of time for a notice of withdrawal from
of gold and currency for the week covered by the bank that pool by any member was reduced from twelve,
months to two months, suggesting the question whether;
statement to be issued to-day.
this foreshadowed on the part of some of our Eastern,
trunk lines a course similar to that adopted by the St.
Into Banks. Out of Banks Net Change in
Week Ending Nov. 23, '1883.
Bank Holdings.
Paul.
Loss . *372,000
Banks’ Interior Movement, as above *1,282,000 . *1,654,000
For ourselves, being of a hopeful nature, we do not
1,500,000
Loss. 1,500,000
Sub-Treasury operations, n e t .......
*3,154,000
Loss.*l,872,000 hesitate to declare that at the moment w& are not dis
Total gold and legal tenders..... *1,282,000
posed to lay any particularly unfavorable stress upon
The Bank of England lost £21,000 bullion during the
either event. A s to the St. Paul’s withdrawal from the
week. The cable reported a gain of £16,000 and a loss of
Iowa pool, it should be remembered that the company
£35,000 on balance, making a net outgo of £19,000, so
disclaims any intention of reducing or cutting rates. It
that £2,000 of the £21,000 lost in the week proba
will, as we understand it, maintain the pool tariff, whether
bly came from the interior. The Bank of Prance gained
in or out of the pool, and that such a course may be possi
525.000 francs gold and lost 1,475,000 francs silver, and
ble is abundantly proven by the fact that it did maintain
the Bank of Germany since the last return gained
rates during the time preceding its admission to the pool
4.269.000 marks. The following indicates the amount of
(when its line to Omaha was first opened), though of
bullion in the principal European banks this week and
course the circumstances differ now. Then it should
at the corresponding date last year.
also be borne in mind that in the war on the Chicago-St.
Paul business a year ago, the St. Paul road was the leastNov. 23, 1882.
Nov. 22, 1883.
aggressive, was the least disposed to continue the warfare,
Gold.
Silver.
Gold.
Silver.
and the most inclined to restore rates, after the break,
&
&
&
& .
and all the time manifested great willingness to submit
22,062,243
20,436,269
the matters in dispute to arbitration. The managers being
43,971,202
38,337,108
38,742,710
40,371,328
Bank of F rance................
B ank o f G erm a n y. . . . . . . 6,923,900 20,771',700 6,744,250 20,232,750 the same to-day this is a point worthy of consideration in
T ota l this w eek ................ 67,323,251 61,143,028 65,923,229 64,203,952 measuring the possibilities of a serious outbreak.
T h en .
T otal previous w eek ....... 67,270,757 61,042,905 65,824,076 64,057,337
again it will not be overlooked that between now and theThe Assay Office paid $82,551 through the Sub-Treas expiration of the thirty days’ notice there is ample
Furthermore
ury for domestic and $288,000 for foreign bullion dur time for an adjustment of differences.
ing the week, and the Assistant Treasurer received the even if a conflict should be precipitated, the history of
all recent similar strifes teaches that the dispute would b e
following from the Custom House.
settled before any very serious damage was done.
Consisting o f—
Among the contestants there will be some one who will
Duties.
B ate.
Silver Cer
Gold
V. S.
reduce rates to a figure that not only precludes all idea o f
Gold.
Notes.
tificates.
Certif.
profit, but entails a heavy loss. For instance, in the
$56,000
$8,000 $13,000 $37,000
kTov. 1 6 ...
' $164,819 68
struggle in the Northwest last fall, passengers were
75,000
20,000 128,000
8,000
“ 1 7 ...
230,826 41
That is a116,000 carried 400 miles for 25 cents for a time.
13,000
29,000 367,000
“ 1 9 ...
525,517 77
84,000 kind of warfare that even the most prosperous company
18,000
55,000 274,000
« 2 0 ...
430,322 00
64,000
« 2 1 ...
9,000
20,000 219,000
312,817 41
86,000 cannot indulge in very long, and consequently hostilities13,000
“ 2 2 ...
27,000 197,000
322,459 79
Besides, the situation is such that if the
$481,000 must soon cease.
$69,000 $164,000 1,272,000
T o ta l... $1,986,763 09
St. Paul, for speculative or other reasons, should refuse to
terminate the fight, opposing lines have it within their;
power to extend the trouble from the particular class o f
RAILROAD-POOL ENTANGLEMENTS.
The action of the Chicago Milwaukee & St. Paul, in business in dispute to all other classes— the Chicago-St.
giving notice of its intention to withdraw from the Iowa Paul business, for instance— and that would necessarily
Pool Association, has produced a feeling of some uneasi force an early adjustment.
Just what the St. Paul managers expect to gain b y
ness in financial circles. It suggests to the mind the pos
sibility of a ruinous war of rates, with all its attendant their action has not transpired, except that they claim the
evils upon those concerned^ and upon trade in general. company can do better outside the pool than within it.
A n d the public is reminded, as it only can be reminded One point of difficulty appears to relate to the live stock
by such an event, that though the business outlook may traffic; but there has also been some complaint about the
be good and the prospects for a large traffic excellent, passenger business. Ever since the completion of its-
this was expected to place the banks in. funds. The fo l
lowing statement, made up from returns collected, by us,
exhibits the week’s receipts and shipments of currency
and gold by the New Y ork banks.
548
THE CHRONICLE.
line to Omaha, the St. Paul has had the biggest share of
the cattle traffic, but so long as the road remains within
the pool, it must of course abide by the pool percentages,
and carrying in excess of its allotment, must pay over the
difference to the other lines. The St. Paul appears to ob
ject to doing this, because, as it claims, it has to haul the
empty cars back, and is given no compensating advan
tages on business going west, so that while failing to get
its proportion of the west-bound traffic, it is yet allowed
no more than its allotted proportion of the east-bound
traffic. Beyond this, report "states, the company’s officials
feel generally dissatisfied with tlm workings of the pool. But
we do not think that these vague whisperings of disappoint
ing results are to be considered much of an obstacle to
harmony, for it is only natural for a new line, like that
of the St. Paul to Omaha, to keep up an appearance of
dissatisfaction and maintain that if it were perfectly free
to act on its own account it could do ever so much better
than by working under agreement with other lines. I
is a satisfactory feature, too, to note that the com
pany finally paid in the amount called for from
it under the last settlement, after having at first refused
to do so.
[Von. X X X V II.
business offering to them. Then the entrance of the Lack
awanna into the pool is another favorable sign.
W e are aware that there are those who maintain that
even with this conciliatory disposition on the part of the
Lackawanna, the outlook in the Eastern pool is by no
means brilliant, since the West Shore road is to be opened
shortly all the way to Buffalo, and then will come a
complete disintegration of all pooling contracts. But we
would not advise anybody to place too much faith in such
an outcome of the affair. Neither the West Shore nor
the existing lines have anything to gain in forcing a
rupture of present arrangements. It will be far better
or the old lines, if needs be, to yield a fraction of their
business to the newcomer than to invite a general war
and a wholesale reduction of rates on the entire business
carried by them, and the West Shore is certainly more
interested m getting a small traffic at good, paying rates
than it is in getting a large traffic at unremunerative
rates. Mr. Vanderbilt’s disposition in this direction
was certainly well shown in his purchase o f the
Nickel Plate road, and as for the trunk lines not
under Mr. Vanderbilt’s control, the Lackawanna extension
has been in operation long enough to show that the
But in addition to all the other reasons against a
managers are imbued with much the same spirit and do
prolonged war of rates at the present time, is the fact not desire to provoke a conflict.
that traffic in the Northwest is proving so very heavy that
A s to the West Shore itself, its course thus far certainly
in many cases the railroads have their facilities to handle
does not lend encouragement to the idea that it would
it taxed to the utmost. The returns of the St. Paul
take the initiative in any movement to break rates. A n d
itself may be cited in support of this fact. W e may refer
in further confirmation of that road’s position in this
particularly to the figures given in our monthly state
respect, we may say that the parties most closely identified
ment of earnings for October, two weeks ago, by which j
with the concern take particular pains to discountenance
it was shown that in addition to the $660,000 which the
the suggestion that the W est Shore is in any large sense
St. Paul gained in gross earnings in 1882, it gained
merely a competitor to New Y ork Central or any other
$2*79,000 additional this year— giving a total gain of
trunk line. On the contrary, they are anxious to have it
nearly one million dollars in two years for one single
understood that the W est Shore will create a business of
month. W ith such a business as this before them, would
its own, and will only take such traffic from the old roads
it not be sheer madness for the managers of the company
as will come to it naturally through its superior facilities,
to fritter away their profits in a desperate effort to get a
and without any special inducements in the way of a
larger share of the traffic than some other road ? Arid lower tariff.
- as to these other roads taking the aggressive or
A s to the railroad system of the country in general, it
manifesting great obstinacy to no purpose, consider
may be said that the constant efforts making to create
the
personnel
of their management.
W ould the
new pools in this or that section in order to further
Vanderbilt people in Northwest encourage any act
strengthen the existing pools, and the stringent measures
tending to prolong the contest ? Or would the conservative
which Commissioner Fink is allowed to take to bring out
people running the Burlington & Quincy do anything to
side lines to terms, militate against the idea that our
provoke or prolong the strife? Or would Mr. Gould, in
railroads will readily resort to open competition with all its
his present position, wish to see a ruinous fight and use
disastrous consequences rather than seek a settlement by
his line to that end ? Or is any one prepared to say that
means of the pool. One of the latest successfully estab
the managers of the Rock Island (which constitutes the lished is the Ohio River pool, embracing the busi
only other line between Chicago and Omaha) cannot be
ness between Chicago and Louisville, Cincinnati,
depended on to use their best endeavors to keep Indianapolis, &c., on which the percentages were
the peace ?
e
announced this week.
The pool offers a ready means
In the same way, there are weighty reasons for disbe
of solving many difficult problems that can be solved
lieving that there is any present probability of a war
peaceably in no other way, and we have great faith that
among the Eastern trunk lines or their Western connec
in the present emergency it will be found equal to any
tions. The reduction in the time notice may have been
call upon it.
There is indeed but one reason for
made not with any purpose of exercising the privilege in
believing that its agency may not always be employed
the near future, but rather with the idea of bringing the
in settlement of troublesome questions which from time
offending roads (in the matter of underbidding or cutting
to time arise, and that is that it may suit some one
rates, charges of which have been so frequent and plentiful)
speculative manager or set of managers for the time
to a realizing sense of the responsibility they were incurring
being to do otherwise. That is always among the
and of impressing them with the fact that if the practice
possibilities, and experience proves that some o f our
were continued, any one road could take the remedy into its
officials are not above employing their trusts to further
own hands and force a disruption of the compact on very
private ends in this way. There is no present remedy
much shorter notice than before. The old limit, indeed
against such schemes, but shareholders can at least in
was so long as to be practically useless. And the agree
many instances contribute something to make the effort
ment to advance rates 5 cents a hundred pounds on the
abortive by holding on to their property at all hazards,
26th is as much evidence of the extreme improbability of
and not throwing it overboard as it is expected they will
’any rupture between the roads as it is of the extent of the by those in control.
N ovem ber
24, 1883.]
THE CHRONICLE.
549
as well as to show the growth, changes and progress of
the company’s business during the four years of its exist
ence,* we have prepared the following interesting state
The report of the Oregon. Railway & Navigation ment.
Oompany for the fiscal year ended June 30, 1883, though
1879-80. 1880-81. 1881-82. 1882-83.
somewhat tardy in coming to hand, is invested with
Ocean Division—
$
$
$
$
considerable interest. It is as much on its own account
Gross earnings......................
636,888 911,829 998,540 980,039
Operating expen ses..............
350,429 585,533 605,104 570,025
as because of the connection of the company with the
Net earnings....................... 286,459 326,296 393,436 410,014
other Villard properties, that the progress of the concern River Division—
Gross earnings...................... 1,992,836 2,278,838 2,072,957 1,010,145
is followed with more than the ordinary share of attention.
891,069 1,262,549 1,134,569 831,479
Operating expen ses..............
It is the first of the great enterprises with which Mr.
Net earnings....................... 1,101,767 1,016,289 938,388 178,666
Villard’s name became conspicuously associated, and the Railroad Division—
359,977 539,578 1,673,741 2,810,402
Gross e a r n in g s ..................
„success attending it contributed probably more than
90,973 215,301 643,061 969,984
Operating expen ses..............
anything else to establish his reputation, and gave him
269,004 324,277 1,030,680 1,840,418
Net earnings......................
that support without which he could never have embarked Narrow Guage D ivision—
*58,145
54,478
*60,244
81,936
Operating expenses..............
upon his subsequent ventures with any hope of ultimate
*df.
2,099
df.
27,458
triumph.
W e have frequently given the salient points in the com Puget Sound Division—
144,598 245,449
101,888 170,747
Operating expen ses..............
pany’s history, and need not stop to rehearse them again
74,702
42,710
now. Suffice it to say that, organized out of most
A ll Divisions—
heterogeneous material— ocean lines, river lines, railroad
Gross earnin gs....................... 2,989,701 3,730,245 4,947,980 5,100,513
Operating ex pen ses.............. 1,332,471 2,063,383 2,544,866 2,624,171
lines— it immediately sprang into being as powerful as it
Net earnings....................... 1,657,230 [1,666,862 2,403,114 2,476,342
was novel. The idea was to so harmonize the various
* E leven m onths only.
pieces as to produce a comprehensive system of trans
W e here see that while in the first year of the
portation lines adequate to the development of the
company’s
existence the railroad division (then small
country traversed, and to hasten that development by
and
unimportant)
contributed only $269,004 to net
means of immigration and a gradual opening of new
earnings,
in
the
late
fiscal year it contributed $1,840,418,
territory. There was room for doubt as to the outcome of
and
that
during
the
same time the net earnings of
the experiment. The field was comparatively untried.
the
river
division
have
fallen from $1,101,767 to
The country was but sparsely settled— or rather not
settled at all. Previous efforts— on a smaller and less $178,666. That shows clearly enough the change
magnificent scale— had been attended with but indifferent in the character of the company’s business. It is
results.
It did not take long to dispel all doubts. interesting to observe, too, how cheaply the railroad divis':
Immigration rapidly poured into the territory, aided ion is being operated, almost two-thirds of the gross earn
greatly by the era of prosperity through which the ings counting as net— that is to say, the lines are being
country was passing, and abundant business was offered operated for less than 35 per cent. Of course, rates must
the company. It does not detract from the merit of the be quite high to permit of such an exhibit. On the other
enterprise that the foundations for its prosperity were laid hand, the river division would seem to have reached a
in the carefully prepared plans to bar out competition point beyond which expenses cannot be much further
and secure undisputed possession of the field, for in a reduced, so that with a continued' contraction in busi
new territory, with but a limited business, mono ness the contingency may be presented of oper
poly is frequently a necessary preliminary to any ating that division at an actual loss. For instance,
as compared with last year, gross earnings have de
organized and systematic efforts of development.
The most recent efforts of the oompany have been creased over a million, while operating expenses
directed to superseding river transportation— tedious, could apparently be reduced no more than about $300,000 ;
slow and attended by a great many difficulties in that as compared with 1879-80 the reduction in gross earn
section, particularly along the Columbia River— by ings is nearly as great, with a reduction of only $60,000
railroad transportation. It was apparent from the in expenses. In addition to the railroad lines directly
first that the railroad must take the place of the owned by it, the Oregon Navigation Oompany operates
river line, and recognizing that fact, the company about 150 miles of narrow guage road in Western
proceeded to make the change. The work was costly, Oregon, which appear to be .doing a very poor business
but had to be done, and the company did not suffer for the (the total gross earnings in 1882-3 having been less than
want of the means with which to do it. It is chiefly $55,000), and which for the year fell $27,458 short of
in pursuance of the plans thus laid out that the capital earning operating expenses. W e find also that the com*
stock of the Oregon Company has been increased from pany paid during the year $145,429 as rental to the
six millions to 24 millions (the company having provided | Oregonian Railway Company, Limited,” which pre
all its means by increased stock issues, and not by sumably represents these same narrow guage lines, making
additions to its funded debt, which remains below the total loss on them about $173,000. The company’s
six millions).
It is for the same reason that the object in assuming this large loss was doubtless to stifle
character o f the company’s business has undergone decided existing or prospective competition, though it would seem
change, and that where at the outset of its career its that the Oregon & California, rather than the Oregon &
profits were mostly derived from the river lines, now they Navigation Company, was the party that had most to fear
THE OREGON RAILW AY & NAVIGATION
COMPANY.
are to a preponderating extent derived from the railroad
lines. The sudden transformation indeed during the last
year, is very marked in the report before us. It was not
till the 20th of November, 1882, that through trains ran
regularly all the way to Portland, but nevertheless the
business and earnings of the railroad division have under
gone very decided enlargement. To bring out this fact,
in this respect.
But let us see what disposition was made of the year’s
income, which, as shown by the table above, amounted to
a little less than 2£ million dollars. Besides these net
earnings, there were miscellaneous receipts of about
$85,000, but they may be regarded as being offset by
payments for taxes and some other minor items. The
56 0
THE CHRONICLE.
Requirements for interest and sinking funds (including 8
per cent interest on the $1,200,000 scrip outstanding)
were $516,000, for rental of the Oregonian Company
$145,000, and for dividends $1,584,000, leaving a surplus
for the year of $226,284. The surplus in the previous
year was $649,000, but in that year the dividend require
ment Was nearly $300,000 less, so that the present state
ment may oe considered as quite satisfactory.
W ith this as the result for the past year, what is the
■outlook for the current year ? W hile it is manifestly
impossible to attempt any definite answer to this question
with the company’s business undergoing a process o f
■change in many particulars and many directions, we can
at least state the year’s requirements on the basis o f
>present stock, debt, &c. Regarding all other items as
Unchanged from the late fiscal year, we know that the
charge for dividends will be decidedly heavier. Ten per
■cent is now being paid, but only 8 was paid during the
•■early portion of the past year, and, besides, the dividend
was on only 16 millions capital against 24 millions now.
W ith a continuance of 10 per cent dividends, the call for
the year would be $2,400,000, or $816,000 more than
in 1882—3. To this we may add $72,000 for rental of
the Northern Pacific Terminal Company at Portland (40
,per cent of 6 per cent interest on $3,000,000 bonds put
out), which would make a total increased requirement of
say in round numbers $900,000. In that amount, net
-income will have to increase to continue the present rate
of dividends and carry forward a surplus as large as in
the past year. W ith dividends reduced say to 6 per
cent, the income of the past year, unchanged, would suffice
to meet them and leave besides a surplus of about
$300,000,
The company may now be said to be entering upon its
third stage, and it is not safe to make any predictions as to
the result. The first stage covers the first two years of its
existence, when the railroad as yet played a very unim•portant partin its business; the second stage covers the
second two years, when its profits, to a very large extent,
had become dependent upon the railroad lines, but when
those lines were as yet isolated from the general railroad
'system of the country; the third stage, just entered, finds
these lines in direct connection with a vast network of
roads extending across the continent, and with which they
are hereafter to be in constant communication. It is easy
to see how the company will gain through this change and
how it will lose. It will lose on its ocean lines such pas
sengers and such freight destined for the North Pacific
Coast as formerly took the Central Pacific road to San
Francisco, and then went by water to Portland, &c., but
Which will now take the Northern Pacific route overland.
It is clear, though, that as the Oregon road forms
the Western end of the Northern Pacific, the
Tailroad lines ©f the company will gain where the
Yater lines
lose.
Then it
seems
very likely
that the company will lose some freight from East
ern Oregon and Washington Territory, heretofore carried
down the Columbia River to Portland. It is supposed
that the Northern Pacific will carry part of that traffic east
across the continent; and the tendency to draw off ton.
Page in this way will be further increased on the com
pletion of the Oregon Short Line to a connection with
the Navigation Company’s lines. But against this we
have the fact already mentioned that these lines will form
the western end of the route to the -Pacific the only
entrance in fact to the North Pacific section, and over
which therefore all business to and from that territory
must pass, thus bespeaking favorable hopes of a largely
increased traffiq from this source. It is conceivable, too.
[V o l. x x r v u .
that with the opening of two such important through
routes, there will come a very noteworthy development
of the whole area of country tributary to them.
Another influence upon the company’s business in the
future will be the completion of the Oregon & California
road (running from Portland south through Western
Oregon) to a connection with the Central Pacific, giving
an all-rail route between Portland and San Francisco,
which of course will entirely take the place of the Oregon
Navigation Company’s ocean line, between those points.
Mr. Villard admits this latter result but says it Was
inevitable in any event, and adds that “ the relative
decrease of our steamship receipts on this account will be
more than compensated by a large increase of the earn
ings of our railroad lines.” The net earnings of the
Ocean Division, moreover, are not a very important
item in the total income, since only $400,000 net was
realized on this account in the past year.
Still
there is no great probability of losing even that
amount j ust yet, since the rail route between San
Francisco and Portland is not likely to be perfected in
time to affect business in the current fiscal year to any
appreciable extent. Meanwhile, it is well to bear in mind
that a conference was held a week or so ago between
representatives of the Northern Pacific and of the other
lines to the Pacific Coast, the outcome of which was that
the Northern Pacific agreed to withdraw from competition
for the San Francisco business, and the other lines agreed
not to compete for the Portland business. The importance
of this announcement lies in the fact that it gives the
Navigation Company s steamship line full rates between
the points mentioned and thus protects its profits.
W ith so many conflicting influences at work, it is, as
said, very difficult to forecast the future. But facts at
least are incontrovertible, and as four months have
elapsed since the close of the fiscal year, the figures for
that period possess more than ordinary value. It appears
that during the first three of these four months the
earnings did not differ materially from those of the corre
sponding period in 1882. The Northern * Pacific was
opened through in September, but most likely the Oregon
Company A id not secure much benefit until some time
afterward— say October.; It is gratifying to observe,
therefore, that this latter month affords the first signs of
an improvement in income, the gain in gross for the
month being $131,756 and in net $29,602. But the
company has also furnished the figures for the first two
weeks of November, and here we find a very decided gain
over a year ago, the increase in gross being equivalent to
more than 50 per cent. To show the whole result up to
date, as far as we have it, we have prepared the following
exhibit of both gross and net since the 1st of July.
Gross Earnings.
1883.
- 1882. .
Net Earnings.
1883.
' s
1882.
$
465,253
504,351
585,869
655,050
$
432,327
493,932
551,013
523,294
$
231,417
270,437
317,450
321,050
. $
230,348
270,020
316,716
291,448
T otal........................... 2,210,523
First week Novem ber..
143,636
Second week N ov’mber
145,807
2,000,566
. 99,078
92,271
1,140,354
1,108,532
J u l y . ................ . . . . . . .
August............................
Septem ber....................
O ctober..........................
Total......... .................
2,499,966
2,191,915
The figures of net for the four months are manifestly
no criterion of what may be expected in the remaining
eight months of the year. Nor is it altogether certain
that there will be a continuance of the large gains shown
during the first two weeks of November. It is barely
possible that there may have been some exceptional
circumstances to swell receipts in that period. For these
reasons the figures for future weeks and months will be
deserving of unusual scrutiny, and be awaited with
considerable curiosity.
N ovem ber
O
24, 1883,]
The key to the foregoing figures is obviously the coni'
THE COTTON CROP AND WEATHER CONET
TIONS.
parison they permit with previous years.
Somewhat
W e gave two weeks since in the cotton report our
weather record for the four months from June to Septem
ber, both inclusive. The many letters previously received
inquiring about the delay in publication, show how faith
fully the closest observers study these details. O f course,
such figures are not conclusive as to the extent of the crop,
but merely helps in, forming a correct judgment with re
gard to it. If they reflected the. exact fact as to rainfall
and temperature on each farm, a comparison with previous
years would give us an accurate result; for, as we have
often said, the growth and fruitage of the cotton plant is
like that of any other plant, an assured process, and (on
the same soil) incapable of variation with weather, condi
tions unchanged.
But rains in summer are frequently very local; this
is particularly true of coast rains, which often do not
extend inland more than a few miles. Then, again, in a
showery period, the showers are local, and even when
they appear quite general every plantation may not be
reached. Hence, as our stations are necessarily limited,
the facts given do not fully reflect the information one
needs. Still, with these qualifications, such data cannot
hold too important a place as evidence of the season’s
results; and especially is this apparent when we remember
that there is very little other exact infornfation obtainable,
current reports being so largely based upon estimates de
pending for their accuracy upon informants who are inter
ested in prices, and therefore not unbiased judges. As a
preliminary to the present examination and a kelp in ex
plaining these records, we have prepared the following
summary of averages for each State. These averages are,
however, in some cases misleading unless one also studies
the detailed reports.
August
July.
June.
Averages.
September.
1883. 1882. 1881. 1883. 1882. 1881. 1883. 1882. 1881. 1883. 1882. 1881.
VIRGINIA.
Thermometer.
Highest;...
Lowest......
Average....
Rainfall, inch
N.CAROLINA
Thermometer.
Highest....
Lowest......
Average__
Rainfall, inch
8.CAROLINA.
Thermometer.
Highest__
95-3
58-5
76'9
6'52
96-0
56-0
72-2
312
99-0
58-0
74-0
3-74
98-2
64-5
79-6
3-87
95-0 102-0
63-0 62-0
77-9 79-8
4-90 6-47
94-5
61-6
76-2
2-91
92-0
64-0
77-3
4-53
99-0
61-0
76-9
1-74
85-0
55-3
70-5
6-63
90-0
54-0
72-1
8-07
92-0
64-0
77-5
2-67
90-9
60-8
79-0
8-30
95-0
58:6
75-9
3-26
97-3
61-7
77-4
3-63
96-6
65-6
78-6
4-67
94-0
63-4
77-3
7-80
93-2
60-6
76-1
4-41
90-2
65-6
77-1
6-48
98-2
61-5
78-3
2-48
87-9
55-7
69-1
919
89-4
55-0
72-5
5-48
92-4
62-5
77-0
3-01
97-5 97-0 96-5 100-5 94-0 103-0 97-0 95-5 97-5 93:5
59-3 63-0 64-0 69-5 67-0 67-0 59-5 59-0 69-0 52-0
Average.... 77'fi 79-3 81-8 82-2 81-3 83-5 77-9 84-2 81-0 72-1
Rainfall, inch a-88 9-12 1-47 8-93 5-35 4-99 5-86 7-38 7-25 2-66
©BORGIA.
Thermometer.
Highest__ 94-7 95-2 99-1 97-6 92-5 101-2 94-1 92-1 97-6 92-4
Lowest...... 63-2 59-7 63-0 68-8 63-8 65-3 64-1 66-6 67-9 57-3
Average.... 78*8 78-0 8T9 82-5 78-7 83-5 78-8 79-7 80-8 74-7
Rainfall, inch 5-eo 4-36 3-06 2-43 5-13 2-37 5-01 4-85 b-26 1-61
FLORIDA.
Thermometer.
Highest__ 92-9 93-2 96-0 95-2 93-2 96-5 95-2 94-0 94-5 90-4
Lowest...... 69-1 66-5 67-0 69-4 71"5 69-5 71-5 69-5 69-5 64-0
Average__ Site 80-5 ■82-8 84-0 81-2 •83-4 82-2 81-5 81-7 78-1
Rainfall, inch 5'55 7'35 2-25 5-98 8-04 9-73 5’50 6-89 6-45 5-02
ALABAMA.
Thermometer.
Highest.... 96-6 97-2 100-4 100-5 93-0 103-6 98-7 91-9 95-6 95-2
Lowest..... öo'd 63-4 61-7 69-4 63-2 67-4 67-0 69-1 ,68-3 58-0
Average.... 79'6 -80-6 81-8 82-9 78-7 82-9 80-8 78-3 81-3 76-3
Rainfall, inch Ö-18 2-94 3-92 2-16 7-61 2-23 4-96 6-48 10-29 0-62
LOUISIANA.
Thermometer.
Highest.... 95-6 96-4 99-3 98-0 96-0 99-9 97-2 94-0 99-6 90-5
Lowest...... 66’(J 63-1 68-7
66-S 71-0 68-9 68-7 71 -2 63-0
Average.... 80-t 80-7 83-4 83-7 80-1 86-3 82-4 79-7 84-3 79-4
Rainfall, inch 8-88 1-68 1-61 1-78 9-11 5-07 2-42 6-72 2-35 0-25
MISSISSIPPI.
Thermometer.
Highest.... 96-1 96-0 98-3 100-5 93-7 98-5 99-7 91 -2 98-2 98-7
Lowest...... 61-5 55-8 66-0 65-H 62"(! 67-0 65-0 65-0 71-2 54-4
Average__ 78-a 78-4 80-7 81-3 77-8 83-3 82-1 76-4 82-1 76-7
. Rainfall, inch 5-09 1-80 2-86 2-66 7-93 1-30 3-33 7-39 3-87 0-98
ARKANSAS.
Thermometer.
Highest.... 95-5 94-S 94-0 96-5 93-r 99-Í1 92-11 90-5 101-fl 93-5
Lowest...... 56-5 47-5 63"5 60-5 56"( 58-5 555 56-5 66-5 41-0
Average.... 77-1 76-5 77-7 80-2 76-( 82-C 75-7 74-1 82-5 73-5
Rainfall, inch 215 2-34 4-24 3-88 S"o9 1-45 3-92 4-3C 0-71 2-64
TENNESSEE.
Thermometer.
Highest__ 93-4 96-1 96-9 94"4 91-3 101-0 93-0 89-2 104-3 91-0
Lowest..... 57-0 57-0 58-3 61-8 57-2 65-Ê 59-3 60-7 67-2 50-4
Average... 75-9 78-7 78-2 78-S 76-4 82-7 75-8 77-3 84-£ 69-£
• Rainfall, inch 5-01 2-65 4-6ÍJ 4-32 5-41 0-54 3-77 5-44 1*14 1-74
TEXAS.
Thermometer
Highest... 94'{ 94-1 98-9 970 95-3 99-8 97-8 94-5 98-5 92-8
Lowest__
637 69-4 70-2 69-8 71-0 69-6 67-8 72-2 55-9
Average..,. 81 £ 80-S 853 82-5 81-9 84-8 83-2 79-4 84-2 77-2
Rainfall, in cl J 8 lk 2-39 017 1-12 3-94 3-57 0-981 7-20 4-53 5-69
The foregoing thermom eter figures are the average highest,
&ge low est, and average o f the averages fo r each State.
92-5
57-8
73-9
4-62
92-5
68-0
80-7
5-49
91-2
57-7
75-5
4-91
94-3
63-8
79-3
3-94
93-0
67-0
78-4
6-88
94-0
68-5
80-3
6-00
90-1
58-3
74-1
3-50
96-8
57-0
77-8
6-39
91-2
56-5
75-0
1-35
96-5
55-0
78-9
5-18
89-3
53-3
72-5
2-82
96-5
54-2
77-9
4"26
88-5
47-0
69-5
2-81
98-0
38-0
74-1
1-19
88-9
47-1
71-1
1-72
98-5
51-1
76-1
5"4v
98-7
63-9
80-2
4-02
90-2 95-f
58-6 58"5
76-6 79-9
4-23 4-40
and aver-
similar-characteristics have marked several other seasons
within a recent period, but two in particular. The one
most like this year was«the summer of 1881 and the other,
like in part, was the summer of 1871, the former (1881)
producing on 4-51 per cent more acreage a crop 1,153,484
bales less, or 17-50 percent less, than the previous crop, the
other (1874), on probably 11 per cent less acreage, a crop
1,377,966 bales less, or 31-66 per cent less, than its prede
cessor. W e have recently found weather records for
1871 which were kept at that time by the Smithsonian
Institute ; as they cover quite a number of stations in
each State, they are useful in this connection. That the
comparison between the three seasons may be taken in at
a glance we have prepared the following, in which we insert
the figures from the previous table for 1881 and 1883 and
add similar data for 1871.
Averages.
June.
July.
August.
September.
1883. 1881. 1871. 1883. 1881. 1871. 1883. 1881. 1871. 1883. 1881. 1871.
VIRGINIA.
95-3 99-0 89-6 98-2 102-0 92-3 94-5 99-0 95-2 85-0
58-0 59-7 64-5 62-0 57-2 61-6 61-0 63-1 55-3
76-9 74-0 73-6 79-6 79-8 74-8 76-2 76-9 78-4 70-5
Rainfall, inch 6-52 3-74 3-09 3-87 6-47 3-56 2-91 1-74 3-36 663
N.CAROLINA
90-9 97-3 88-8 96-6 98-7 93-3 93-2 98-2 92-8 87-9
60-8 61-7 57-7 65-6 63-9 54-5 60-6 61-5 58-8 55-7
76-0 77-4 74-8 78-6 80-2 75-7 76-1 78-3 76-6 69-1
Rainfall, inch 8-30 3-63 2-71 4-67 4-02 3-72 4-41 2-48 4-46 9-19
S. CAROLINA
97-5 96-5 90-0 100-5 103-0 95-0 97-0 97-5 95-0 93-5
59-3 64-0 70-0 69-5 67-0 65-0 59"5 69-0 66-5 52:0
77-6 81-8 8Ö-0 82-2 83-5 80-8 77-9 81-0 80-1 72-1
Rainfall, inch 2-88 1-47 5-53 8-93 4-99 3-25 5-86 7-25 6-13 2-66
GEORGIA.
94-7 99-1 92-0 97-6 101-2 92-2 94-1 97"6 89-5 92-4
63-2 63-0 70-0 68-8 65-3 68-0 64-1 67-9 69-5 57-3
78-8 81-9 79-5 82-5 83-5 79-8 78-8 80-8 78-1 74-7
Rainfall, inch 5-60 3-06 8-64 2-43 2-37 3-68 b-01 5-26 11-84 1-61
FLORIDA.
92-9 96-0 94-5 95-2 96-5 94-7 95-2 94-5 93-3 90-4
69-1 67-0 72-0 69-4 69-5 69-0 71-5 69-5 71-1 64-0
■81-5 82-8 80-8 84-0 83-4 81-3 82-2 81-7 80-b 78-1
RainfaU.inch 555 2-25 12-25 5-98 9-73 3-76 b-bü 6-45 16-78 5-02
ALABAMA.
Thermometer.
96-6 100-4 91-5 100-5 103-6 94-5 98-7 95-6 95-2 95-2
65-0 6T7 66-9 69-4 67-4 68-3 67-0 68-3 68-5 58-0
79-6 81-8 78-8 82-9 82-9 81-1 80-8 81-3 82-1 76-3
Rainfally inch 6-18 3-92 6-26 2-16 2-23 1-84 4-96 10-29 3-69 0-62
LOUISIANA.
95-6 99-3 94-0 98-0 99-9 95-6 97-2 99-6 96-3 90-5
66-0 68-7 71-5 72-7 71-0 73-0 68-9 71-2 74-7 63-0
SO-9 83-4 81-3 83-7 86-3 83-5 82-4 St'S 83-4 79-4
RainfaU^inch 8-8S 1-61 9-60 1-78 b-07 7"52 2-42 235 4-10 0-25
MISSISSIPPI.
96-1 98-3 94-2 100-5 98-5 96-4 99-7 98-2 94-fi 98-7
61-5 66-0 67-2 65-8 67-0 66-2 65"0 71-2 66-d 54-4
78-3 80-7 78-8 81-3 83-5 83-4 82-1 82-0 82-2 76-7
Rainfall^inch 5-09 2-86 5-47 2-66 1-30 5-40 333 3-87 2"53 0-98
ARKANSAS.
95-5 94-C 95-2 96-5 99-0 97-8 92-0 101-0 96-7 93-5
63-5 67-5 60-5 58-Ô 66-0 55-5 66-5 64-7 41-0
77-0 77-7 80-6 80-2 82-0 80-0 75-7 82-5 81-4 73-5
Rainfalliinch 2-15 4-24 3-46 3-83 1-45 3-85 3-92 0-71 1-83 2-64
TENNESSEE.
93-4 96-Í 89-f 94-4 101*0 93-1 93-0 104-3 94-0 91-0
57-C 58-1 59-1 61-8 65-3 60-2 59-3 67-2 58-0 50-4
75-9 78-2 76-C 78-? 82-7 76-7 75-8 84-3 78-1 69-9
Rainfall, Inch 5-01 4-63 4-01 4-32 0-54 3-49 3-77 1-19 3-92 1-74
TEXAS.*
'Ihermomeier.
Highest.... 94-£ 98-£ 101-C 97-f 99-8 100-f 97-f 98-5 101*4 92-S
Lowest...., 66-1 69-4 72-f 70-2 71-C 76-2 69-t: 72-2 74-fc 55-9
Average... 81 •£ 85-Í 83-4 82-5 84-8 86-t 83-2j 84-2 86-t 77-2
Rainfall, inch 312 0-17 2-56 1-12 3-57 1-27 0-981 4-53 1-86 5-69
* The figures for Fort Elliot are omitted in making the averages.
920
64-0
77-5
2-67
83-6
41-2
64-ft
2-90
92-4
62"5
77-0
301
82-0
39-Ö
62-3
3;21,
92-5
68-0
80-7
5"49
84"7~
50-070-6
4"73
94-3
63-8
79*3
3-94
85-8
50-2
70-8
6-18
94-0 91*0
68-5 64-3
80-3 77-0
6-Ö0 6-3T
96-8
57-Ó
77-8
6-39
88-5
48-3
72-7
1"6&
96-5
55-0
78-9
5-18
910
56-0
76-7
6-70
96-5
54-2
77-9
4-26
92-6
46-3
72-4
1-21-
98-0
38-C
741
1-19
920
40-5
71-1
0"52_
98-5
51-9
76-6
5"43
87-6
39-8
68:2
2-06
95-6
58"5
79-9
4-40
95-2
58"0
79'2.
3-49
As a preliminary to the comparison of these records we
repeat that the seasons indicated by above figures were by
no means alike in all particulars. First, they were very
unlike with respect to the start. The spring of 1871 was
one of the worst in our record, and in the Atlantic States
the summer was cold and wet, while in 1883 and 1881
the stand was reported fair to very good about the middle
of June, though the plants were very backward and in
some districts grassy both years,— in 1883 they were
especially grassy in the Atlantic* Stales, and in 1881 in
Texas, Louisiana, &c., with a May drought in Georgia and
South Carolina. Second—-There was no drought with
very limited exceptions in 1871 outside of Texas, and there
it was extremely severe, fully equalling 1881; during 1883
and 1881 the drought covered a wider area.
On the other hand these seasons resembled one another,
.......'
" "
1
■■
- - ■
—
first, in the particular that they all followed a remarkably
productive year when an extreme crop on the acreage
planted was raised. This is important, because in such
cases unfavorable conditions during bad years mean more
loss than if the comparison was with- a less perfect sum
mer. Second, there is a wonderful similarity in the
three seasons on the point of the temperature being very
high, though in 18 7 1. the excessively high temperature
was confined to the Gulf States, and in 1883 it was con find to July, except for Texas. It should be remembered
in this connection also that during the two late prod uctive
summers of 1880 and 1882 the thermometer ranged consid
erably lower, the average in July being two to four
degress lower than in 1883, and in both July and August—
being four or five degrees (in some cases even seven de
grees) less than in 1881.
Keeping in mind, then, these
special features of the three years in which the seasons
were alike and unlike, we are in condition to examine the
details of the situation the present year more intelligently.
W e can make our analysis sufficiently explicit by group
ing it under three divisions.
[V ol. X X X V II.
In sections this high temperature was accompanied with
severe drought, Rome recording a July rainfall of only
sixty-seven hundredths of an inch, and Atlanta one inch
and four hundredths. In Augusta and at most of the
other stations there were good local showers, but reports
from points where we have no stations indicate that these
showers were by no means universally abundant, while
some of our correspondents speak of “ a terrible heat,” a
burning sky ” lasting through the month, even destroy ing forest trees. August was a fairly favorable month so
far as our records disclose the conditions, but the rains
indicated were not universal, and the plant in many sections
did not recover from its early defects and July burning.
T he G ulf an d
I n t e r i o r S t a t e s . — The prominent
weather features in these States have been somewhat
similar in character to those above recorded, but
they have differed from the foregoing and among them
selves greatly in the degree of resemblance, as well as
differing as to the condition of the stands secured.
In this latter particular (stands) all the Gulf and interior
States were, early in June, much more favorably situated
N o r t h C a r o l i n a .— This State, according to our acreage
than the Atlantic States, though in general backward and
review, had secured fair stands on the 15 th of June, some at points grassy, more particularly in parts of Alabama
sections excellent— never better— but in general very and Mississippi.
W ith these exceptions, our acreage
small, and until the warm weather and rains in June very review reported the cotton plant and fields of the States
backward. During June more rain than desirable fell on named as being in^an excellent shape at that date. Since
the coast and for a distance inland (as may be seen by re then the distinguishing peculiarities have been the high tem
ferring to our figures for Portsmouth, Kitty Hawk, W il perature and drought, the former being almost universal
mington, Mid Cape Fear and VTilson), inducing a rapid in July except in Arkansas 'and Tennessee, and the latter
growth of weeds and cotton ; but the rainfall in that being local or special except in Texas, where it covered the
month for the rest of the State (as appears from the larger part of the State. As to temperature, the two
figures for W eldon, Charlotte and the near-by station of tables given above will represent the situation, though the
Spartanburg, South Carolina), and the temperature all detailed figures published two weeks since can be profita
over the State (as each record indicates) were quite bly studied. According to the general statement, the
satisfactory. In July and August every point reports average thermometer for each State (with the exceptions
a sufficient rainfall for a fair development of cotton named) was in July about three to four degrees higher
(except Murphy, which is outside the cotton belt), and than last year, though in all cases lower than in the
no excess except at Kitty Hawk, which is on the ex poor-crop year of 1881 and in most cases lower than in
treme coast; but the temperature in J uly was high, 1871 j while in August Texas still continued to record
averaging over a wide section three degrees higher this higher temperature, though in general the other
than the previous year. A t the adjoining station of Spar States reported a high but lower range.
A s to the
tanburg, South Carolina, for J uly the thermometer was drought, its severity is very observable in Texas and at
also high, averaging 81 ; we have no return of rainfall at the adjoining station of Shreveport, Louisiana, in both
that point for that month. In August, Spartanburg July and A ugust; but at Vicksburg, Mississippi (on the
records a total of one inch and sixty-eight hundredths on opposite border of Louisiana), the rain fall shows no
seven days, which is less than any North Carolina station, deficiency.
except Murphy.
Such in brief are the distinguishing features of the
S o u t h C a r o l i n a a n d G e o r g i a .— Our weather stations for summer of 1883, as disclosed by our weather reports and
South Carolina are as yet too few to permit of any general compared with its predecessors. It was not our purpose
conclusions from them alone, but if taken in connection in this review to state definite results; the inquiry was
with the records for the two adjoining States, Georgia intended to be rather suggestive than conclusive, as in
and North Carolina (which are very full), one not only is ducing further investigation rather than anticipating it.
able to secure a pretty correct idea of the weather in all Still there are one or two conclusions sp obvious and at
that district, but finds a marked similarity in most of the the same time so important that we cannot omit them.
conditions prevailing throughout the season. This simi
First— Comparing with 1881 (the last poor year, and
larity first appeared in our acreage review, which showed the one most like the present) we find in favor o f 1883that the information from the three States was in accord in everywhere a lower temperature, even in July, by probably
reporting a very cold late spring, with vegetation ex- an average of two degrees, and in August a materially
tremely backward. The warm and excessive June rains lower temperature all over the country except in Texas.
referred to in speaking of North Carolina, also visited Arkansas, Tennessee, and much of North Carolina do not
Georgia, but to a less extent, and were still less a feature show an excessively high temperature either month.
in South Carolina; but as the plant was so small and
Second— Again comparing with 1881, our reports in
backward, portions of all three of these States suffered at dicate a J uly ra in fa ll in almost every case, very consider
that time from a too rapid growth and the want of ably in excess of 1881; and also in August, accompanying
thorough cultivation. The next feature noticeable, which the lower temperature, there were this year more suitable
we have also seen was equally marked in North Carolina and more evenly divided rains than in 1881. Our detailed
was the very high temperature in July, averaging at reports (and not the State averages alone) should be con
Augusta 83-4 against 79-2 last year, and bearing about sulted in order that the force of these statements may be
the same relation to 1882 at most of the other stations. better understood. •
Third— Thus we see that in 188? the heat was less in
degree and less prolonged than in 1881, and that the
drought was far more restricted and comparatively local
Undoubtedly, there were districts where, during the past
summer, the temperature was very extreme, and where
little or no rain f e ll ; but what we say is, the records in
dicate that such conditions prevailed nowhere for the same
length of time, and where they did exist, it was over a
greatly diminished extent of territory.
Fourth— It was also shown above that the conditions of
1881 on 4-51 per cent more acreage produced a crop- 17-J
per cent less than its predecessor. In 1883 there was an
increase of 5’18 per cent in acreage, and, as we have seen,
far more favorable conditions of growth. Is there not,
therefore, substantial ground for saying that this crop
has not lost by considerable as large a percentage from
the previous year’s growth as the crop of 1881 lost.
gjtottjetoal (flammjercial %
u q
Xì s
ìi
- Annexed is a statement showing, the present position o f
the Bank of England, the Bank rate of discount, the price o f
consols, the average quotation for English wheat, the price of
middling upland cotton, of No. 40 male twist, fair second
quality, and the Bankers’ Clearing House return, compared
with the three previous years:
Sews
Time.
A m sterd am .
A m sterdam .
H a m b u rg . ..
B e r l in .........
F ra n k fort...
V ienna.........
A ntw erp —
P aris............
P a r i s ...____
G en oa...........
M adrid_____
L is b o n ___ _
Alexandria..
New Y o rk ...
Bom bay
C a lcu tta .. .
H on g Kong.
S h a n gh a i...
Rate.
Short. 12Tia ®12-2ia
®12-4ia
3 mos. 1 2 4
20-56 ® 20-60
“
20-57 ® 20-61
a
20-57 ®20-61
n
12-171a®12-20
u
25-46q® 25-51i4
Checks 25-21 q ® 2 5 -2 6 q
3 mos. 25-42ia®25-47ia
25"4614 ® 2 5 '5 1 14
If
46S^g‘S)4G5ig
a
52 ® 5 2 iie
Bates of
Interest at
E XC H AN G E ON LONDON.
Latest
Date.
Time.
26,592,066
50 75
2 q p. o.
995a
67i«d.
10qd.
43s. 4d.
95,699,000
The Bank rate of discount and open market rates at the
chief Continental cities now and for the previous three weeks
have been as follows:
.
A T LATEST DATES.
E X C H A N G E A T LONDON—Nov. 9.
1880.
£
26,643,585
5.048,123
24,105,763
14,865,070
17,289,029
14,948,481
1881.
1882.
1883.
£
£
&
Circulation................... 25,693,675 26,295,200 26,109,540
3,010,953
2,510,323
Public deposits.........
4,209,643
Other deposits _____ ' 23,587,841 23,294,300 23,572,587
G ovem m ’t securities 13,679,008 11,231,057 13,595,014
Other secu rities....... 19,822,153 22,758,340 20,471,312
9,712,012 10,387,829
Res’ve o f notes &coin 12,136,568
Coin and bullion in
both departments,. 22,080,243 20,257,212 20,727,369
Proport’n o f reserve
38-75
37-25
43-35
to liabilities............
5 p. c.
5 p. c.
3 p. o.
Bank rate......... .........
1005a
10244
101 q
Consols........................
46s.
9d.
40s. l i d .
40s. 3d.
Eng. wheat, av. price
67ied.
6316d.
5l516d.
Mia. U pland c o tto n ..
l
o
q
d.
10qd.
9*2d.
No. 40 Mule t w is t...
Clear’g-house return. 97,717,000* 102,380,000 102,589,000
BATES OF E XC H AN G E A T LONDON A N D ON LONDON
On—
553
THE CHRONICLE.
No vem ber 24, 1883. J
Bank
Bate.
3
4
Rate.
Frankfort..........
Nov.
8 Short.
12-07ia
Amsterdam.......
Nov.
Nov.
Nov.
N ov.
N ov.
Nov.
Nov.
Nov.
Nov.
Nov.
Nov.
Nov.
Nov.
Nov.
Nov.
Nov.
8 Short.
(i
8
it
8
U
8
u
8
9 Checks
9 3 mos.
8 Short.
8 3 mos.
8
8
9 60 d’ys
9 tel.trsf.
9 tel.trsf.
8 4 mos.
«
8
20-35
25-3513
20-37
1204
St. Petersburg..
_
3%
3%
5
4
6
Oct. 18-
Oct. 25.
Nov. 1.
Nov. &.
Open Bank Open Bank Open
Market Bate. Market Bate. Market
3
2%
m
3
2%
4
3%
3%
3%
4
3%
— ’
3H
3% ' —
__
—
8%
3%
8%
3%
s%
m
3%
3H
SM
8%
314
3%
3%
5
5
5
5
5
4
4
4
4
4
6
6
6
6
6
Bank Open
Bate. Market
In reference to the state of the bullion market during the
25-2R
'
past month, Messrs. Pixley & Abell observe :
Gold—Has been In good demand during the week, and w ithdrawals
from the Bank, to the extent o f £201,000, have taken place fo r New
Y
ork
and Lisbon ; the only am ount sent m being £1 4,00 0 (sovereigns) |
96is
from Svdney. There have been orders also fo r India, and the Jr.
4-8 i q
Co.’
s
steamers
have taken £65,000 to the East. The a r r iv e s com prise
i s . 7%d.
Is. 7 q d .
6Ó d’ys
£1.8,000 irom Australia and £ 2 1,59 0 from the C ap e; total, £ "9 ,5 9 0 .
Is. 7 h ä .
Is. 7 q d .
Silver—The
m
arket is weaker and prices have declined. At tne close
3s. S^isd.
of last week 50i516d . was paid fo r the specie from Chili. but the receipt
5s. 13sd.
of low er exchanges from the East, the increase in the am ount o f cou n
cil drafts to be tendered fo r next week, and the cessation of orders for
the Continent, have depressed rates, and w e quote 50i8i«cl. per oz.
[From our ow n correspondent. 1
standard as the price o f the day. We have received £ 1 6,60 0 from Chili
L ondon , Saturday, Nov. 10, 1883.
and £ 43,000 from New Y o r k ; total, £59,600. The
has taken
The money market during the past week has been quiet, and £12,530 to the W est Indies, and the P. & O. vessels £ 1 0 ,0 0 0 to the East.
M exican Dollars—H ave also declined in value, and the nearest quotathe rates of discount have had a downward tendency. There tioD w e can give to-day is 4 9 5sd. per oz. The " P arram atta has taken
is a large supply of capital seeking employment, and the £247,900 to China and the Straits.
47-20
Treasury bills having been disposed of at low rates, the indica
tions of a continuance of easy money are very distinct. The
New York exchange has become much more favorable to this
country, and there is no expectation of gold being sent to
America in any quantity. There i3 in consequence a feeling of
confidence in regard to the future, and early in the New Year
hopes are entertained that business will assume larger pro
portions.
Still, although there is a better tone, the increase in the
amount of business in progress has been small, which might be
expected from the fact that the close of the year is not far
distant, and that additional failures are still probable. There
are, however, some well recognized features of a favorable
character, such as satisfactory relations with foreign powers,
easy money, cheap food of many descriptions, and a pro
pitious autumn for agricultural work. There are complaints
that trade is wanting in animation and in profitable results, but
there are fewer failures among the retail trading classes.
In the Bank return for the past week no important move
ment is indicated. There is a small increase in the reserve,
caused by a trifling diminution in the supply of bullion and in
the circulation of notes. The improvement, however, does not
exceed £56,352. The proportion of reserve to liabilities amounts
to 43-35 per cent, against 43*10 per cent last week.
The following are the quotations for money and the interest
allowed by the discount houses to-day and same day of the
previous five weeks:
Bank Bills.
Oct.
Si
“
“
Nov.
“
5
12
19
26
2
9
Interest Allowed
for Deposits by
Trade Bills.
Six
Three Four
Three Four
Six
Months Months Months Months Months Months
2%@2%j2%@2% m ® — 2%@S
2 @2%2%@2% 2M@2% 2U®3
234® 2%® — 2%® - 2%©3
2M@ —¡2%@ — 2%©2% 2%@3
2%@ - 2%@ - 2%@ - 2%@3
2%'© —'2%@2% 2%@ — 2%@8
Nov. b.
2H®3U 3
2M@3% 3
2U@3 3
2%@3 3
2%©3 3
234@3 3
@3%
@3%
@3%
@3%
@3%
®S)S
Joint
Stock
2
2
2
2
2
2
2
2
m
m
m
m
d.
d.
Bar silver, flne..oz. 50 13-16 50%
Bar silver, contain
5V4
ing 5 grs. gold.oz. 51 3-16
Cake silver...... oz. 54 13-16 54%
49 11-16
Mexican dols...oz. 4956
••••••••
Chilian dollars..oz.
The principal movements in bullion, as far as imports and
exports are concerned, during the past month and ten months
are sh o w n in t h e fo llo w in g s t a t e m e n t :
'
United States.
AU Cowntries.
GOLD.
Imports in Ocl —
Imports in 10 mos.
Exports in o c t ....
Exports.in 10 mos.
1881.
1882.
v.
1888.
1881.
1883.
1882.
£
£
£
£
£
6.660
2,340
552,700
933,902
1,064.284
18,340 6,099,788
8,846.655 13,501,565 6,961.169
795,969
486,880 1.116,675
2,610.383
'33,439
13,667,892 10,931,868 5,586,370 7,264,913
£
2,720
7,702
224,200
685,565
SILVER.
67,942 383,663
148,673
929.302
419.694 704,238
Imports in Oct....
7,861,444 2,246,485 1,681,024 2,467,396
Imports irf 10 mos. 5,828,315 '7,454,220
3,385
929,804
842,372
460,883
Exports fit Oct....
’ 48,650
25,620.
30,013
Exports in 10 mos. 6,054,024 7,676,496 7,713,385
The shipments of silver to India have been—
1881.
In O cto b e r.,'....................£1 18,436
In ten m onths................ 2,742,712
1882.
£ 6 50,5 50
5.286,287
1883.
£'781,173
5 ,3 7 0 ,3 2 ^
While the arrivals of gold from Australia have amounted to—
1881.
£2 94.292
S t e n m o n t h s : : : : . 3,766,762
1882,
£251,3 09
2,534,423
1883.
£9 8,765
2 ,017,494
Humors of a new Russian Government loan are again
revived. The report comes this time from Berlin, where it is
stated that negotiations are in progress at Paris with a view to
7 to 14 raise 100,000,000 roubles to serve as a guarantee for gold notes
Days.
to be issued to the nominal amount of 200,000,000 roubles*
2)4-2%
2%-2% The gold notes, it is stated, will replace 50,000,000 roubles o f
2 -2
the paper money in circulation, this sum being called m and
3 -2
canceled in conformity with a previous Ukase. It may be said
2 -2
of Russian bonds that they are still well held in Europe, being
2 -2
Disc’t Hses
At
Gall.
Nov. 1.
Nov. 8.
Nov■1.
s. d.
d.
s.
Bar gold, fine__ oz. 77 9% 77 9]4
Bar gold, contain’g
77 11
20 dwts. silver..oz. 77 11
Span, doubloons.oz. 73 9% 73 914
S. Am. doubloons. oz 73 3% 73 8%
U. S. gold coin... oz 76 314 76 3%
Gar. gold coin.. .oz
.
Price of Silver.
Price of Gold.
T „ /wnTm r
Open Market Bates.
&
i
P‘5
3
3
3
3
3
3
The quotations for bullion are reported as below :
55á
THE CHRONICLE.
regarded by investors as a trustworthy security, although much
has from time to time been said against them. The Times
sa ys: “ It appears that all efforts to obtain a loan have
for the present failed. t The deficit which is being so much
talked about here just now is 21, and not 24 millions,
for the first six months of 1883. Of course, it is much
too early to judge of the finances of the year, and this deficit
may disappear in, the yearly Budget. The Minister of Finance
is extremely displeased, as he was last year, at the reports in
circulation, and at the deductions drawn from the half-year’s
balance sheet. . He insists that there is no foundation for the
assumption that the 50 millions of interest due abroad will not
be paid. Last year the same rumor was set afloat, and yet the
money was duly paid. How the money is found it is a difficult
mystery to solve, as after all, with no general control, there
can be no public Budget, however well balanced the figures
m ay be.”
[V ol. X X X V II.
gg
Si
.Visible supply o f wheat
in theU. S . . . . b u sh .30,300,000
Supply o f wheat and
flour afloat to U. K.
q r s .. . . . . . . . . . . . . . . . . 1,913,000
1882.
1881.
1880.
16,100,000
21,300,000
1,913,000
2,479,000
19,200,000
The following are the" present stocks of wheat, flour and
Indian corn at Liverpool, compared with the close of August last.
It will be observed that there is a falling off of about 100,000
quarters in the stock of wheat, but only a trifling diminution in
that of flour. The supply of Indian corn has increased to a
moderate extent.
Aug. 31, 1883. ■
975,800
291 ,o o a
6,000
63,900
Whpfl*
®c
1883.
......... - ...................................................qrs. 864,700
..........................................................sacks. 283,500
■- - H
Indian corn ................. '
qrs. 87,800
lhe following return shows the extent of the imports of
wheat and flour into the United Kingdom during the first twomonths of the season, viz., in September and October, compared
The October return of the Cleveland Iron Masters’ Association with the corresponding period in the three previous seasons :
shows the following as the month’s make of pig iron : namely,
158,000 tons of Cleveland iron and 80,000 tons of other kinds,
total 238,000 tons, or 15,000 tons more than in September.
There are now 118 furnaces blowing, 83 of which are making
Cleveland pig iron. Stocks decreased 20,000 tons in October,
the total being 242,086 tons, against 261,900 tons on September
30. The foreign shipments from Middleborough declined in
October, viz., to 54,862 tons, against 56,711 tons last year, and
60,681 tons in September the current year; but there was a larger
movement coastwise, the shipments to home ports having
been 44,398 tons, against 42,245 tons last year and 33,686 tons
in September.
The wheat trade has presented a somewhat firmer appear
ance, but there has been no activity, and only in a few instances
have the finer qualities of produce realized somewhat higher
prices. The shipments from Russia have now become quite
small, and some diminution in our heavy stocks has become
more probable. A better trade is looked forward to during
the winter months. The stocks of wheat have been declining
a t Liverpool, but. they are still large in London. W ith _
Tailing off, however, in the importations from Russia, a speedy
inroad is likely to be made upon the reserves still on hand.
The following are the quantities of wheat, flour and Indian
com estimated to be afloat to the United Kingdom :
xtt-u
A t present.
W h e a t ........... qrs.1,682,000
..................... 145,000
Indian c o r n . . . . . . . 165,000
Last week.
1,743,000
170,000
195,000
L ast year.
1,800,000
170,000
. 42,000
ls s i
2 308 000
130 000
251,000
In the following statement is shown the extent of the sales
o f English wheat, barley and oats in the principal markets of
England and Wales during the first ten weeks of the season,
together with the average prices realized, compared with the
corresponding period in the three previous seasons:
From—
Russia..........
United States . . . . ..
Brit. N. Am erica ..
G erm any........
France ...........
C h ili.............
Turkey & Roumania
E g y p t. . . . .. . . . . . . . .
British India............
Australia..^...........
Other countries___ i
1883.
Owt.
3,583,692
3,601,365
563,939
161,681
3,944
334,439
226,605
144,132
2,859,167
912,125
159,004
T o t a l................... 12,550,093
G erm a n y..................
France ...................
United S ta tes..........
Brit. N. Am erica . . .
Other cou n tries.......
268,028
20,241
1,751,827
181,150
338,199
Wh e a t .
1882.
Cwt.
1,866,813
9,223,623
1,212,768
193,307
6,670
163,103
1,414
1,104,592
516,601
56,132
14,832,894
Fl o u r .
390,752
24,924
1,535,562
113,058
372,413
1881.
Cwt.
615,885
6,748,760
1,196,269
319,884
2,979
121,743
2,743
200,490
1,049,485
528,259
12,075
1880.
Owt.
145,806
6,415,790
1,380,963
28,516
131
286,695
5,832
145,640
611,254
1,300,067
21,607
10,798,572
10,342,301
305,685
51,361
1,140_,653
86,216
266,370
174,092
39,709
1,047,348
135,574
368,256
T o t a l . . . . ............ 2,559,445
2,436,709
1,850,285
1,764,973
T h e f o llo w in g r e tu r n s h o w s th e estim a te d v a lu e o f t h e im -
ports of cereal produce into the United Kingdom during the
first two months of the season, viz : in September and October*
compared with the three previous years :
Wheat. %.........
B a r le y . . . . . . .
1883;
£5,975,692
1,572,004
P e a s ...____ _
Beans.............
Indian c o rn ..
F lo u r ............
41,935
151,260
1,712,769
1,885,740
1882.
£7,542,316
928,118
739,475
55,973
59,105
■< 902,881
1,954,795
1881.
£6,211,828
1,112,932
.7 3 5 ,6 6 3
111,557
109,094
1,676,413
1,555,091
1880.
£5,284,918
1,121,059
685,437
182,223
108,878
1,951,480
1,418,185
T o t a l----- £12,087,108
£12,182,663
£11,512,578
£10,758,180
O a ts............
747,708
The value of our imported cereals is therefore equivalent ta
last year. There is, however a falling off of about ¿£1,500,000
in wheat, while barley and Indian corn show important increases.
E n g lis h . M a r k e t R e p o r t s —P e r C a b le .
The daily closing quotations for securities, &e., at London
aud for breadstuffs and provisions at Liverpool, are reported
by cable as follows for the week ending November 23 :
sales .
.........- • * « .
S if™ ;;::::::
m W t
49^9
&&S
> & s fc
* jg g e
AVERAGE PRICES FOR THE SEASON (per qr.).
1883.
1882.
1881.
s. d.
s. d.
s. d.
W h e a t .......................
4
41Í 1
41 5
49 2
B a r le y ......... I........." " " I I 33
33 3
35
2
34
10
O a t s ................
20 4
20 10
21 4
1880
426,710
366,000
33,744
1880
s. d,
41 8
34
21 2
Converting qrs. of wheat into cwts., the totals for the whole
kingdom are estimated as follows :
-1883.
W heat......... cwt. 9,313,000
1882.
8,571,489
1881.
8,317,140
.
1880.
7,395,790
Annexed is a return showing the extent of the imports of
cere®'l Pro<3uce into the United Kingdom during the first ten
weeks of the season, the sales of home-grown produce and the
average price, the visible supply of wheat in the United States,
and supplies of wheat and flour estimated to be afloat to the
United Kingdom, compared with the three previous years:
IMPORTS.
1883
1882.
1881.
1880.
JJ^fat.....................cw t. 14,388,833 17,176,045
13,311,589 13,660,565
B arley ......................
4,878,466
2,883,953
3,066,415
3,222,459
O a t s ,.,;......................... 2 636,014
1,620,800
2,577,198
2,746,203
Beas............ ...................
138,741
171,117
338,155
542,896
B e a n s .............................
538,528
255,504
346,541
347,906
Indian c o m ................... 6,272 664
2,801,908
6,385,282
8,396,088
F l o u r ........................
2,892)046
2,825,280
2,272,117
2,276,461
SUPPLIES AVAILABLE FOR CONSUMPTION—TEN WEEKS.
1883.
1882.
1881.
1880.
Im ports o f w h ea t.cw t. 14,388,833 17,176,045 13,311,589
13,660,565
Im ports o f flour___ _ _ 2,892,046
2,825,280
2,272,117
2,276,461
Sales o f hom e-grown
p ro d u c e ..............
9,313,000
8,571,489
8,317,140
7,395,790
T otal....................... 26,593,879 28,572,814 23,900,846 23,332,816
A v ’ge price o f English
wheat fo r season.qrs. 41s. Id.
41s. 5d,
49s. 2d.
41s. 8d.
London.
Sat.
Mon.
Silver, p er o z ....... . . . . . d . 50iHe
Consols fo r m o n e y ...
10113™
Consols fo r accou n t........ 10113™
Fr’eh rentes (in Paris) fr. 77-75
C. S. 4% s o f 18 91............ 117
0. 8. 4s o f 1 9 0 7 ............... 1255g
Canadian P acific............ 63%
Caic. Mil. & St. P a u l. . . . 102%
iSrie, com m on stock ....... 301a
Qlihois Central.............. 13714
N. Y. Ontario & W est’n. 211«
Pennsylvania.................. 611«
Philadelphia & Reading. 26%
S>w Y ork C entral.. ; ___ 121
Liverpool.
lu es.
Wed.
Thurs.
Fri.
50n™
101%
101 %
77-90
116
125%
62%
100%
30%
138
505g
1015g
101%
77-80
116%
125%
63
101
30%
138%
505g
10113™
10113™
77-97%
116%
125%
62%
100
30%
137%
509,6
1015g
101%
77-97%
116%
125%
63
100%
30 % _
138
50%
1019™
1011%®
77-70 116%
125%
62%
101
3Q%
137%
613g
265g
120%
61%
26%
120%
61
26%
120%
61
27%
120%
ax '
27.%
120%
Sat.
Mon.
s. d.
Flour (ex. State)..100 lb. 12 0
Wheat, No. 1, wh.
“
8 7
Spring, No. 2, old “
8 6
Spring, No. 2, n .. “
8 6
Winter, South, n
“
9 8
Winter, West., n
“
8 8
9 3
Cal., No. 1 ____
“
Cal., No. 2. . . . .
1
8 10
Corn, m ix., n e w .... •*
5 3
Pork, West. m ess.. $ bbi. 65 0
Bacon, long clear, n ew .. 37 0
Beef, pr. mess, new, ^ to. 74 0
Lard, prime West. $ owt. 39 9
Cheese. Am. ch oice.........I 59 0
s. d.
12. 0
8 7
8 6
8 6
9 8
8 8
9 3
8 10
5 3
65 0
37 0
74 0
40 0
59 0
Tues.
8.
12
8
8
8
9
8
9
8
5
65
37
74
40
59
d.
0
8
6
6
8
8
3
9
4
0
0
0
0
0
Wed.
s.
12
8
8
8
9
8
9
8
5
65
37
74
40
59
d.
0
8
6
6
8
8
3
9
5
0
0
0
0
0
Thurs.
12
8
8
8
9
8
9
8
5
65
37
74
40
59
0
8
6
6
8
8
3
9
5
0
0
0
0
0
F ri.
12
8
8
8
9
8
9
8
5
65
37
74
40
59
0
7 ,
4
6
8
8
3
9
6
0
0
0
6
0
© u m m e r c ia l m x d IlX is c s Ila ix e c r x ts
N ational B anks . -The following national banks have lately
been organized:
3.075—The Gallatin V alley National Bank o f Bozeman, M ontana Terri tory. Capital, $100,000. Nelson Story, P resident: Jam es E
Martm, Cashier.
3.076—The First- National Bank o f Colfax, W ashington Territorv Canital, $50,000. M artinS. Burrell, President; John H. Bellinger
Cashier.
s *
,077—The Kinsman National Bank, Kinsman,„Ohio. Capital. $50 00
Allen Jones, President ; George W. Birrell, Cashier.
’
555
'I'm*. CHRONICLE.
N ovember 24, 1888.]
THE CROP OF 1 8 8 3 - ’ 8 4 .
COEEKCTIOK.-t !;^ S S l t i d N a t i o n a l Bank o f San D iego Calliorn ia, instead o f the Consolidation National Bank o f San Diego, Cal.
Planters having received high prices for rough put in a large crop.
Early rice turned out w ell, but later planting suffered from drouth—
and. the “ light ” rice resulting will reduce the quantity, w h ich is n o w
estimated at 240,000 bbls. Enough has been m arketed to indicate crop
to be o f m ore than ordinary excellence. The consum ption of rice has
increased to such an extent that heavy im portations of foreign h a ve
been necessary to supply the demand.
I m ports a n d E x p or ts f o r t h e W e e k .— The imports of last
week, compared with those of the preceding week, show an in
crease in both dry goods and general merchandise. The
F o reign T r a d e of N e w Y o rk — M o n th ly S t a t e m e n t .— In ad
total imports were $10,181,750, against $8,496,526, the preeftdine- week and $7,654,928, two weeks previous. The exports dition to the foregoing tables, made up from weekly returns,
^ 4 ^ ^ k ^ n le d n KE 20 amounted to $6,639,636, against we give the following figures for the full months, also issued
$ 7, 193,780 last week and $5,416,038 two weeks previous. The by our New York Custom House. The first statement covers
following are the imports at New York for the week ending the total imports of merchandise.
(for dry goods) Nov. 15 and for the week ending (for general
IMPORTS INTO N E W Y O R K .
merchandise) Nov. 16 j also totals since the beginning of first
1882. '
1883.
week in January:
FOREIGN IMPORTS AT NEW YORK.
Months.
1882.
F or Week.
1880.
1881.
D ry g o o d s .........
G en’lm e r ’d ise..
$1,270,714
8,417,141
$1,873,709
6,772,050
1883.
$1,880,701
7,780,141
$1,818,996
8,362,754
$9,660,842 $10,181,750
$8,645,759
$9,687,855
T ota l............
Since Jan. 1.
$111,430,911
$119,858,080
$101,569,041
$111,707,829
D ry g o o d s .........
G en’l mer’d ise .. 320,611,118 290,079,148 325,341,814 296,779,019
T otal 46 weeks. $432,318,947 $391,648,189 $445,199,894 $408,209,930
In our report of the dry goods trade will be found the imports
o f dry goods for one week later.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending Nov. 20, and from January 1 to d a te :
EXPORTS FROM NEW YORK.
F or the w e e k ...
P rev. reported..
$8.164,685
360,376,271
1883.
1882.
1881.
$6,286/799 : $8,109,476
330,516,878 297,190,377
$6,639,636
308,296,189
The following 4able shows the exports and imports of specie
at the port of New York for the week ending Nov. 17, and
since Jan. 1,1883, and for the corresponding periods in 1882
and 1881?
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
Im ports.
Exports.
Great B r ita in .........
Week.
$2,600
Since Jan. 1.
Week.
$16,300
$606,679
20,555
289,275
276,003
265,835
19,162
France..................
G e rm a n y .................
W est In d ie s ....... .
M e x i c o . . . . . . . ..........
South A m erica___ _
A ll other countries.
T otal 1883.
T otal 1882.
T otal 1881.
Silver.
Great B r ita in .........
F rance..................
Germ any..................
W est I n d ie s . . . . . . . .
M ex ico.....................
South A m erica.......
All other countries.
T ota l 1883.
T ota l 1882.
T otal 1881.
$2,600
$578,693
33,829,854
435,066
$18,000 $12,776,832
498,276
12,750
5,400
45,452
13,773
16,394
$30,750 $13,356,127
9,852,604
54,400
9,614,140
48,802
Since Jan.l.
$4,350,302
1,346,368
3,519,511
3,908,909
84,388
208,191
121,033
$915,116 $13,538,702
2,917,090
123,817
23 7,62 ' 51,069,023
36,725
47,031
7,292
$91,04$
332.844
37,538
1,666
248,372
828,658
4,116,503
147,758
14,166
$5,357,123
2,554,939
2,559,114
O f the above imports for the week in 1883, $25,942 were
American gold coin and $18,725 American silver coin.
One H u n dr ed a n d T w e n t v - f o u r t h C a l l f o r U . S. B o n d s .
The Secretary of the Treasury, under date of Nov. 17,1883,
has made the 121th call for $ 10,000,900 bonds, to be redeemed
on the first day of February, 1884, viz.:
Three per cent bonds issued under the Act of Congress &pproved July 12,1882, and numbered originally as fo llow s::
$ 5 0 —No.
847 to N o.
887, Doth inclusive.
$100—No. 5,447 to No. 6,040, both inclusive.
$500—No. 2,354 to No. 2,564, both inclusive.
$1,000—No. 16,451 to No. 17,401, both inclusive,
and No. 22,646 to No. 22,665, both inclusive.
$10.000—No. 24.726 to No. 25,658, both inclusive.
T o t a l .... ................ . .................................. $10,000,000.
“ The bonds described above are either bonds of the “ original’’
issue, which have bat one serial number (duplicated at each
end), or “ substitute ” bonds, which may be distinguished by
the double set of numbers (also duplicated at e a c h end of the
bond), which are marked plainly “ original numbers and * sub
stitute numbers.”
B ic e C r o p .— W e n o t e the following from Messrs. Dan. Talmage’s Sons & Co.” Annual Review of the Rice Culture in
Louisiana, dated New Orleans.
THE crop o f 18 82-’ 83.
Quantity.—Owing to overflow, worm s and harvest storms, the crop,
instead o i 300,000 bbls., as expected, was only 231,800 bbls., or 8,000
tobls. less than the year before.
Quality.—The crop averaged fair to good—a grade low er than previ
ous season.
Prices.—The m arket opened at 6 % ,S>7o. fo r good to prim e, and grad
ually declined to 5 14@5%e. in December. Prom this low est point for
the season prices advanced to 578 ®63sc. inPebruary, and w ith but little
fluctuation were m aintained to close o f the prop. The season was
profitable on all legitim ate operations, hut unsatisfactory to speculators,
1883.
t
February..........
September.......
October............
T ota l..........
1882.
t
29,545,834
25,336,583
34,281,634
33,520,451
37,649,218
32,115,454
83,915,940
30,486,947
32,271.300
32,303,113
Total.
$
41,872,274
41,990,660
45,879,312
43,394,978
45,382,223
40,382,656
45,238,980
46,129,143
44,071,626
41,256,437
114,171,755 321,476,534 435,648,289
CUSTOMS RECEIPTS.
At New York.
Months.
1883.
1882.
$
$
January ........... 12,574,838 13,387,516
February.......... 12,191,603 13,585,053
23,426,360
March............... 12,438,301 13,999,139
9,194,388 11,906,105
April....... .
28,101,404
8,148,813 11,981,893
May..................
27,237,663
11,428,930
13,624,584
June..................
27,857,611
J u ly ;.......... .. 14,621,008 13,730,758
13,283,893 10,493,261
August.........Z.
34,417,712
September....... 12,044,786 14,690,368
27,618,151
O ctober........*... 11,609,693 13,095,876
29,197.165
T ota l.... .... 119,736,857 134,288,889
292,648,147 281,490,363
$
T ota l 46 w eeks. $368,540,956 $336,903,677 $305,299,853 $314,935,825
Go Id.
$•
12,326,440
10,604,077
11,597,678
9,874,527
7,733,005
8,267,202
11,373,040
15,642,196
11,800,266
8,953,324
Total Merchandise.
Months.
General
Merchan
dise. -
Dry
Goods.
Total.
$
$ :
$
13,345,312 27,915,300 41,260,612
February .. 13,730,717 26,749,010 40,479,727
12,328,374 29,854,387 42,182,761
7.948,030 29,142,398 37,090.434
7,426,303 29,213,457 36,639,760
6,963,886 36,114,695 43,078,581
13,645,297 25,207,518 38,912,815
11,520,643 30,925,006 42.445,049
10,7S8,S70 24,302,726 35,101,596
29,825,978 40,024,951
10,198,973
October....
Total.... |i07,906,411 289,310 475 397,216.886
EXPORTS FROM NEW YORK FOR THE WEEK.
1880.
Général
.Merchan
dise.
Dry
Goods.
$
27,848,940
25^735,057
25,572,484
25,794,331
25,335,470
27,459,233
29,874,674
33,336,779
32,355,548
28,177,847
Railroads in South Carolina.— The Charleston JSiews^and
Courier gives an abstract of the earnings of railroads in South
Carolina for the year ending June 3 0 , 1883._ The following
exhibits for the same periods the total income from all
sources, and the total operating expenses, including taxes paid:
COMPARATIVE STATEMENT OF TOTAL INCOME AND OPERATING EX
PENSES, 1881-82 AND 1882-83.
— Expenses.-------~ Incom e.
1881-82.
1882-83.
1882-83.
Railroads.
1881-82.
$40,237
$39,050
$39,460
Ash. & Spart’bu rg...........
$39,721
925
1,034
6,419
Ashley R iv e r ...............
7,875
333,978
343,648
499,790
Atlanta & Charlotte A .L .
519,153
63,591
24,757
97,228
Augusta & K n o x .............
23,433
4,163
4,274
Barnw ell...........................
56,276
11,275
94,034
Central of 8. C arolin a...
29,592
392,545
411,116
390,667
Charleston & Savannah.343,78»
464,166
437,576
692,061
Charleston Col’ a & Auga.
590,935
22,839
24,281
31,580
Che’w & Ches. (N. G .) ...
55,033
47,012
80,897
Cheraw & D a rlin g ton ...
73,016
8,329
9,077
24,036
Cheraw & Salisbury.......
19,951
28,829
31,142
35,773
Ches. & L en ’r (N. G .)----428,737
434,603
682,961
Cola, & G. & B. R id g e .. .
608,o94
34,327
33,049
39,953
Laurens..............................
33,108
617,005
512,831
618,440
N ortheastern...................
272,112
280,227
307,100
Port R oyal & Augusta ..
320,234
835,434
793,215
South C arolin a ............... 1,229,876 1 . 3 5 6 , 9 3 6
91,067
81,801
107,677
Spartanburg U. ds C ol...
100,105
571,780
648,484
722,986
Wil. Col. & A ugusta.......
70 o,o00
T otai ........................... $5,287,683 $5,832,281
$4,294,203 $4,191,467
The Atlanta & Charlotte Air-Line’s income and expenses for
the year 1882-83, as shown above, represents only the propor
tion of each attributable to the South Carolina division of the
line. Last year the figures were given in the report for the
whole line, but for purposes of comparison a close estimate ot
the South Carolina business for that year has been made, and
is inserted above.
— Attention is called to the notice of Beliefonte Car Works
for sale, which will be found in the advertising columns of I h e
C h r o n ic l e .
__The Ontario Silver Mining Co. of Utah has reached its
eighty-ninth dividend ($75,000 for October), aggregating a
total paid of $5,075,000.
Auction Sales.— The following, seldom or never sold at the
Stock Exchange, were sold at auction this week by Messrs.
Adrian H . Muller & Son.
Shares.
6th A venue R R . C o......... 280
Clinton H all Association. 50*2
Bank of North A m erica. .10414
Nassau B a n k ........... v î ï * ? *
National Citizens’ B ank.. 12434
Phoenix Fire Ins. Co. of
H artford, C o n n .........1 6 5
100 Suspens’n Car Tr’ck M’f g
»Co. (Hypothecated) $5 Pgr sh.
200 Brooklyn City RR. C o.222-221
10 B r’klyn A cad ’y of Music
(with admission ticket). 131*2
22
1
100
50
112
50
Shares.
11 N.Y. Mut. Gas-Light Co.119
3,000 Shrove Farm Oil Co. for $2-50
Bonds.
\$5,000 Canada Cons. Gold M.
Co. 1st m ort. 6s bonds
(Hypothecated) . . . .fo r $650
$1,000 3d Avenue R R . Co. 7s
coup, b ’d, d u e ’ 9 0 ..1 l2 % & in t.
$5,000 Den. City R R . Co. 6s
gold b ’ds, due 1901.994a & int.
$14,575 Loan, &c., to Daguroahonda Im p’ m ’l C o.for $ 7 ‘50
556
THE CHRONICLE.
2P **
ffî&îtkzW
(S a n d te .
P er
Cent.
R a ilr o a d s .
B oston & A lbany (quar.)................
2
B oston Concord & Mon. p ref.
3
G eorgia (quar.)....... ..................
2%
Iow a Falls & Sioux City
$1 75
n orth e rn (N. H .).............
$3
W ilm ington Col. & A u g . 11'..........
3
W ilm ington & W eld on ...................
4
M is c e lla n e o u s .
D elaw are & Hudson Canal (quar.)
1%
NEW
When
Payable.
B ooks Closed.
(D a ys inclusive.)
Dec. 31
(Nov. 26 Nov. 14 to ----------Jan. 15
Dec.
1 Nov. 16 t o ----------1 Nov. 17 t o ----------Dec.
Jan. 10
Jan. 16
Dec.
fftfi7 ^ yS’ 4 82@ 4823f; demand, 4 8 4 % @ 4 85; cables, 4 85%@
4 86. Commercial bills were 4 81@4 81% •
Quotation8 for foreign exchange are as follows, the prices
being the posted rates of leading bankers:
P
D I V I D E N D S .
líam e o f Company.
[V O L . X X X V I t
10(Nov. 25 to Dec. 10
November 23.
Prime bankers’ sterling bills on London.
Prime c om m ercia l............ *.......................
Docum entary c om m ercia l.
Pans (fra n cs)...............
..................
Amsterdam (gu ilders).
Frankfort or Bremen ( r e i ' c h m a r k s ) I |
Sixty Days Demand.
4 83
4 82
4 81
5 21%
44
0%
9
^
94%
4 85 %
5" 18 %
40%
95 %
United States Bonds.—Government bonds remain strong
1“ 1Price- The 4s show an advance for the week of
78@34- TThe threes are at 100^ bid.
Y O R K , F R I D A Y , NOV. 2 3 , 1 8 8 3 —5 P . M .
Intereel Nov.
, , The, M,oney Market and Financial Situation.—W hile
Nov.
Nov.
Nov. Nov. Nov.
Periods. 17.
19.
there has been some decrease in the failure list of late and a
20.
21.
22 .
23.
partial restoration of confidence in mercantile affairs, the in 4%s, 1 8 9 1 . . . . . . ..reg. Q.-Mar. *113%
113% 113% *113% '113% 113%
cidents of the last week or ten days have still presented some 4 % s,1 8 9 1 ... ... coup, Q.-Mar. *11434 *114% 114% 114%
lt4 -7s
unfavorable phases, chiefly relating to the overstocked condi- 4s, 19 07................reg, Q.-Jan, 122% *122% *122% *122% 1221a 114-%
12208
4s, 1 9 0 7 . . . . . . . . coup Q.-Jan. 122% 12238 122%
122% 1221a 122 %
tion of various trades, notably in the lumber, paper and glass 3s, option Ü. 8 ___ reg. Q.-Feb.
*100% *100% *100% *100% lOOia 100%
“ dustries. These, however, have had no widely unfavorable 6s, our’ey, 1 8 9 5 ..reg. J. & J. *130% *130% *130% *130%
13034 130%
nffect, and the disposition seems to be pretty general to regard 6s, c u r c y , 3 8 9 6 ..reg. J. & J. *132% *132% *132% *132% 132%
132%
6s, cu r’cy, 1 8 9 7 ..reg. J. & J. *134 *134 *134 *134
the future with greater hope.
134* 134
6s,cu r’oy, 1 8 9 8 ..reg. J. & J. *136 *136 *136 *136
136%
136
The feeling in regard to mercantile credits in New York, 6s,our’ ey. 1 8 9 9 ..reg. J. & J. *137% *137% *137 %
*137% 137% 137
and to a large extent throughout the Atlantic States, has con
This is the price bid at the mornins_ b o a rd ; no sale was made.
siderably improved, but in the W est the banks and money
U. S. Sub-Treasury.—The following table shows the receipts
lenders are pursuing a very conservative policy. Local capital
in the principal Western cities is being pretty well absorbed in and payments at the Sub-Treasury in this city, as well as the
carrying the increasing stocks of grain and provisions, balances m the same, for each day of the past week:
m aking the banks very cautious in furnishing accom
Balances.
Date.
Receipts.
modation, and also making the demand for money quite active.
Payments.
Coin.
C urrency.
Some sixty day money on collaterals is still loaning at Chicago
$
at 5%, but bank loans are generally 7 to 8 per cent. Trade
$
$
$
Nov. 17 ..
1,160,905 17
682,558 18 115,599.396 09 6,446,468 12
appears to have slackened some there, but competition in the
“ 19..
1,480,121 64
1,242,750 62 116,198,955 58 6,084,279 65
jobbing trades is active and profits small. A special point is
“ 2 0 ..
1,443,395 12
890,750 45 116,674,160 65 6,161,719 25
“ 2 1 ..
máde h y money lenders against the lumber trade of the
857,589 49
1,352,124 02 116,459,618 30 5,881,727 07
919,153 63
1.109,470 74 116,348,406 88 5,802,621 40
Northwest, and paper of this class which six months ago was 3 “ 2 2 ..
“ 2 3 ..
1,016,959 91
995,917 16 116,418,766 36 5,753,304 65
sought for by the banks is now taken only with a great deal of
discrimination.
Total ... *6,878,124 96 f 6,273,571 17
Concurrently with the activity in money at the W est, it is
1 A bove receipts include $120,000 gold certificates put into cash
noticeable that for the last week the domestic exchanges have catshb0V6 paymenta include $603,000 gold certificates taken out
i
of
been more generally favorable to New York, indicating some
State and R a ilro ad Bonds.— The market for railroad
movement of funds to-this city. The supply of money on call
here is very large, and the quotation remains at the phenom bonds has been less active in the last week, but prices are gen
enally low rate of 2 per cent per annum at a time in the vear era11/ higher, a fact which m ay be one cause of the diminwhen it is usually from 10 to 15.
ished activity. On the whole, prices have steadily crept up
Railroad earnings still continue the one conspicuously favor tor the last month, and many of the best class of investment
able mature in the general situation. The returns coming to hand bonds show advances of from 1% to 3 per cent since October
now for November from all parts of the United States show 20, while some of the speculative issues show larger advances
an increase in the case of almost every line over those of the m the same time. The advance this week in both classes is
s,ame time last year, this being a positive index of an increase more positive than heretofore, indicating a decided move
m th e aggregate of traffic throughout the country.
ment of capital in that direction. The principal changes of
,, ^ S a t u r d a y , the 17th, the Secretary of the Treasury issued the week were as follows, v i z : Canada Southern firsts ad
| S ^ # t h call for bonds for redemption, embracing $10,000 000 vanced 1% _per cent to 99 ; Burlington & Quincy, debenture 5s,
ot the 8 per cents, for payment on February 1st, 1884. The 1 to 92% ; St. Paul & Omaha consols, 1% to 111%; Milwaukee
three months interest to accrue by February 1st will not be & St. Paul, Lacrosse division, firsts, 1 per cent to 119 ; Jersey
be paid by checks forwarded to the holders of the bonds but Midland firsts, % to 91% ; Northern Pacific firsts, 1% to 105 :
will be paid with the principal of the bonds at the date of Rome W atertown & Ogdensburg 5s, %s to 70% ; New York
redemption.
Chicago & St. Louis firsts, 1% to 103%; New York Susque
On Thursday, the 22d, the Secretary also issued an order to hanna & Western firsts, 1% to 81% ; Virginia Midland in
? í o ? a y iYlthout rebate of interest the bonds embraced in the comes, 7 per cent to 70, and Wabash general mortgage 6s 4
122d call, which matures December 1st.
per cent to 76 ; New York West Shore & Buffalo firsts sold at
The rates for mercantile discounts by the New York banks 76, 76%, 75% ; Lake Erie & Western incomes at 38, 39%,
have again been reduced % cent for first-class double name 37%, 38 ; Lafayette Bloomington & Muncie incomes at 38%,
paper, and are now 5 and 5% per cent for either 60 davs or 45, and Chesapeake & Ohio currency 6s at 52%, 53, 52%.
4 months.
Rates for single name paper, however, have not Atlantic & Pacific incomes were weak and declined 1% to 25.
been reduced.
In State bonds, Virginia 6s deferred sold at 9 and 10,
noTIivnnB-a nk o f . E ngland weekly report showed a loss of Tennessee compromise bonds at 42 and 43% , and 6s old at 40.
Other
issues were dull and firm.
£21,000 in specie, though the percentage of reserve in notes
m3 e banking department remained unchanged
R a ilro ad and M iscellaneous Stocks.— Notwithstanding
at 42 11-16. The rate of discount by the Bank remained un that the November earnings of the railroads throughout the
changed _ at 3 per cent, against 5 per cent
United States continue to show important gains over the
J be Ba? k of France weekly statement showed F g a in ^ o f same time last year, the stock market has. been unfavorably
525,000 francs m gold and a decrease of 1,475,000 francs in affected by apprehension of a war in the Omaha pool, which,
silver.
together with a variety of minor causes, have been used by
A llow in g table shows the changes from the previous the bears as a means of depressing the market. There has
the tw° Preceding years in the been a general decline of from 1 to 2% per cent in the best
averages of the New York Clearin
dividend-paying stocks on the list, viz., New York Central, % ;
Lake Snore, 1% ; Michigan Central, 1 ; Canada Southern, 1% ;
1883.
D i(fern ces fr'm
1882.
1881.
Nov. 17.
North Western, 1% ; Omaha preferred, 2 % ; St. Paul, 1 % ;
previous week.
Nov. 18.
Nov. 19.
Rock Island, 1% ; Burlington and Quincy, 1% ; Union Pacific,
L oans ana dis. $323,620,300 Inc .$1,675.400 $314,026,500
$315,182,300 1 % ; Lacakwanna, 1% ; Oregon Railway & Navigation, 1.
S p e cie ............
55,926,500 In c. 1,730 600
50,985,400
59.949.700 Mr. Gould has apparently sustained his stocks ; Wabash pre
C irculation...
15.447.100 In c .
37,600
18.665,700
19.962.4(H)
N et d e p o sits. 315.021,700 I n c . 4,428,000 284,594,300
ferred is % higher, Missouri Pacific % and Western U nion %
291,088,500
Legal tenders.
26.502.101 In c. 1,308,800
19,284.500
The
15,276,000 higher, while none of his other stocks show declines.
Legal reserve. $78,755,425 In c. t l , 107,000 $71,148,575
$72,772,125 non-dividend coal shares are generally only a fraction lower.
R eserve held.
82,428,600 Inc 3,039,400
70,269,900
75.225.700
The Chicago Rock Island & Pacific Railroad Company to
day issued the following statement of its operations for the
Surplus ___
$3,673,175 Inc $1.932,400 def.$879,675
$2,453,575
first six months of its fiscal year beginning April 1 :
,
-The market for sterling has again been un Receipt« from railway traffic...............................................
$6,058 194
3,440,011
settled during the past week, partly, it is believed, by reason Operating expenses.......... .............
o f operations on account of the Canadian Pacific Railroad.
r Net profits, six months............................................................$2,618.183
The amount of security bills in the market is very small. On
Fixed charges...............................................................; ......
718,183
Friday afternoon, the 23rd, rates were reduced % a cent, which
I
T
^
$1,900,000
made them just the same as on Friday, the 16th, though in the
Add receipts from Land Department . ; ..............................
270,000
meantime they had been up and down % cent twice during
the week. Continental bills have averaged higher. The
Applicable to dividends..................................... ............... . $2,170,000
1,950,000
posted rates for sterling on Friday afternoon, the 23rd, were Lastyear same time............. . — .....................................
00 and 4 8 5 ^ , and the rates for actual business as follows, v iz .:
Net increase this year........................ .'...................... ........ $220,000
THE CHRONICLE.
N o v e m b e r 24, 1883,]
557
NEW YORK STOCK EXCHANGE PRICES FOR WEEK ENDING N O T. 23, AND SINCE JAN. 1, 1883.
D A IL Y H IG H E ST AND LOWEST PRICES.
STOCKS.
Saturday,
Nov. 17
Monday,
Nov. 19.
Tuesday,
Nov. 20.
Wednesday. Thursday,
Nov. 21.
Nov. 22.
Friday,
Nov. 23.
Sales of Range Since Jan. 1,1883.
the Week
(Shares).
Lowest.
Highest.
For Full
Year 1882,
Low. High
R A I 1 .R O A D S .
_
78% Feb. 17 84»4 June 14
Atchison Topeka & Santa Fe
95%
82
82
82% 82*2
206 78 Mar. 28 84 s4 Mav 3
Boston & N. Y. Air-Ii., p ref...
80%
82
82
84
84
14 75 Sept.24 86 Nov. 13
Burlington Ced. Rapids & No
85%
60%
603
4
60% 61
59% 61
60 0 61%
59->4 61
17,800 48% Oct. 20 65% May _
60% 61
Canadian Pacific........ .............
55
55»4
54%
553
4
55c
56%
25,150
55
56
55%
56%
55%
55%
47%
Oct.
17
713
4
Jan.
19
Canada Southern....................
44
73
83*4
84
8334
83%
8334
8334
83%
833
4
83%
83%
2,800
84%
8514
68% Jan. 8 90 Oct. 18 63%
Central of New Jersey........... j
67% 67% 6734 67% 67% 67% 67% 67% 67% 10,225 61 Oct. 16 88 Jan. 5 82% 97%
66 78 67% 67
Central Pacific.........................
160 13 Oct. 17 2334 Jan. 20 19% 97%
*15% 16% *15% 16% *1534 16 %l
16
16
16% 16% 17
lfi
Chesapeake & Ohio..........-—
27
28
28
28
28
*26
28
27%
27%
449
27%
27%
*27
29
23 Aug. 14 35% Jan. 20 27% 41%
Do
ls tp r e f...
*18% 20
*18
20
9 14 34 Oct. 18 27 Jan. 22 21
17% 17% *18% 20
*17% 19
*18
20
Do
2d. pref—
Í29
133
13334
*133
134
260
133%
133%
133
133
128
Ailg.
15
137%
Jan.
22
-Chicago & A lton .;....................
127% 145%
Chicago Burlington & Quincy, 127% 127% 126 127% 126% 127% 126% 126% 126% 126% 126% 126% 14,997 I I 534 Feb. 20 129% Apr. 13 1 2 0 % 141
222,700 92% Oct.
97
98% 96% 97% 97% 98% 97% 98
108%Jan. 20 96% 128%
Chicago Milwaukee & St. Paul 97% 98% 96% 98
'117%
118
117%
117%
118
118
730
117%
118
117%
117%
115
Oct.
17
122
%
Sept.
7
114% 144%
Do
pref.
124% 125% 58,480 115% Oct. 18 140% Apr. 13 124 1508
Chicago & Northwestern....... 124% 125% 124% 125% 123% 125% 123% 124% 124% 125
4
146 147%
4,345 134 Oct. 17 157 Apr. 13 136 175
145% 146% 146% 147
Do
pref. 146 1463, 145% 146% 14434 146
1203
4
1203
4
120%
120%
120%
1203
4
120
%
121
2,758
120
%
121
%
120
%
120
%
117%
Aug.
13
127% Jan.
122 140%
Chicago Rock Island & Pacific
12*4
1234
12 % 12 % 13
255 10% Aug. 31 22 Apr. 21
13
13
*12% 13% *12% 13%
Chicago St. Louis & Pittsburg 13
4034 4034 *38% 41
38% 38%
*38% 42
122 33 Oct. 17 5734 May 16
42
*38
41
Do
pref, *38
10,550 30 Oct. 17 55 Jan. l8 2934 58%
Chicago St. Paul Minn. & Om. 3534 3634 35% 36% 35% 36% 8434 35% 35% 36% 35% 35%
9534 96*4 96% 97% 9634 97% 11,320 91 Oct. 17 113% Jan. 5 97% 117
9734 9634 98
9734 98% 97
Do
pref,
69
69
12,111 54 Oct. 3 84 Jan'. 5 65% 9234
68
68 %
67% 70% 6934 74
66 % 68
70
73
Cleveland Col. Cinn. & Ind ..
15 124% Aug. 13 142 Jan. 26 133 140
C leveland* Pittsburg,guar.. 134 134
2 Oct. 1 7% Mar. 5
Columbus Chic. & Ino. Cent..
3% 21%
118%
1183
4
117%
118%
117%
118%
325,801
i"l7%
118%
117%
118%
118
118%
111% Oct. 17 131% Apr. 13 116% 150%
Delaware Lackawanna &W est,
2434 2434 24
24
2434 24% 25
6,180 21% Aug. 21 51% May 3 38% 74%
24% 24% 24% 23% 24
Denver & Bio Grande___; .......
6 34 6s4
634 7
7
7
623
7% 7%
7% 7%
*7
7%
4% Oct. 17 11% Apr. 13
East Tennessee Va. & Ga......
8
16
14
14% 14% 14% 14 % 14. % 14 % 14 % 14% 14%
2,020 11% Oct. 17 23 Apr. 14 15% 26%
14
141
Do
pref,
56
56
600 45 Aug. 28 75 Jan. 29 68
Evansville & Terre Haute__
8634
*5
6
*5
*5*5
6
6
6
6
5 Feb. 9 10% Apr. 12
Green Bay Winona & St. Paul
6
16
38 Mar. 6 46 a4 Jan.; 17 45 110
Hannibal & St. Joseph —
72 Jan. 3 9734 May 5 72 111%
Do
pref
190 Aug. 28 200 Jan. 29 196 208
Harlem
*50% 56
*50
56
57 .
*53
55% *53
57
*53
57
50 Nov. 2 82% Apr. 5 «1
Houston & Texas Central...... *50
92%
133% 133% 13334 *133% 13334 133% 133% 133 133
133 133%
3,328 124 Aug. 14 148 June14 12734 150%
Illinois Central......................... 133
83
82% 82%
259 77 Feb. 17 83% Nov. 7
Do
leased line___ 82 34' 82 34 83
223
4
23%
*22
23
23
22
2 2 % *22
22%
22
22.
1,400 19 Oct. 17 35% Apr. 9 30
Indiana Bloom’n & Western .. 22
49%
23% 25
23% 25
24% 26
7,225 13% Oct. 16 33% Jan. 18
Lake Erie & W estern............. 23% 23% 23% 23% 23% 24
45
100 10034 104,010 92 34 Oct. 18 114% Jan. 18 23%
Lake Shore ..... .........-............... 100% 101% 100% 101% 100% 1013, 100 100*. 100 % 101
98
120%
71
*70
71
70% 71
-69
71
*69
71
426 58- Oct. 17 8634 June 30 49% 65
Long Island.............................. 70
19
23
22
22
22
25
800 13 Sept. 18 25 Nov. 21 14% 24
Louisiana & Missouri R iver..
49% 50% 4934 50% 49% 50% 49% 50% 4934 50% 37,370 40% Aug. 27 58% Jan. 20 46%
49% oO
10034
Louisville & N ashville..........
35
35
100 30% Oct. 9 68 Jan. 5 57
Louisville New Albany & Chic
78
*42% 44% *42% 44
45
45
45
*43
45
45
300 38 Aug. 14 53% Feb. 9 40
Manhattan Elevated..........
60%
84%
84%
*84
85
85
*83
85
80
80
130 80 Aug. 18 90 Jan. 18 82
Do 1st p re f. .............
98%
*41% 44
42% 42%
*43
*41% 45
100 38 Aug. 17 53 Feb. 10 40
Do
common............... *41% 44
56
15%
15%
15%
15%
243
Manhattan Beach Co................
12% Oct. 18 30% June 30 15
37
*41
42
42
42
42
42
43
42
42
43
43
5,800 34% Aug. 13 55 Jan. 8 421, 82%
Memphis & Charleston............ *40
*90
94
*90
*90
94
*90
94
94
94
Metropolitan Elevated............. *90
76 May 17 95% Sept.14 77
93
91%
92
91
92
918
4
92
91%
92%
90
91%
91%
92
4,737
Michigan Central.....................
77 Oct. 17 100% Jan. Ì9 77 105
Milwaukee L. Sh. & Western .
10 June11 18 Jan. . 4 13
21
40% 40% 40% 40
’ . . . . . . 41
40% *40
40%
500 35 Oct. 19 48% Jan.* 20 4l% 58%
Do
pref. *40
20
®
4
20%
203
4
21%
20
20
*2
0
%
21%
1,300
20*8 2 0 %
3634
18 Oct. 17 3034 Jan. 18 19
Minneapolis & St. Louis........
*41
44
*41
42
*40
45
40
40
40
40
40
208 35% Oct. 20 68% Jan. 18 59
Do
pref. 40
77
24% 24% 24% 25% 24% 24% 10,900 19% Oct. 17 34% Jan. 18 26% 42%
Missouri Kansas & Texas....... 2334 24% 23% 24% 24% 25
97
97% 27,884 90% Oct. 17 106% Apr. 9 86 s, 112%
96% 96% 96% 97^ 96% 97% 96% 97% 97% 98
Missouri Pacific.......................
* 1 1 % 12
3534
Mobile & Ohio..........................
10 Oct. 16 19% Jan. 5 12
123% 125
123% 125
214 120 Feb. 15 129% June l l 11934 128
Morris & Essex......................... 124% 124% 124% 124% ’123% 125
58
58
*57
59
59
*57
59
58
58% 58% *56
200 50% May 17 64% Jan. 22 47
Nashville Chattanooga* St.L. *56
87%
116% 116% 116% 116% 116% 116% 24,200 112% Oct. 18 129% Mar. 10 123% 138
116% 117
New York Central & Hudson. 116% 116% 116% 117
934 10% *10
10®i
1 0 % 1 0 % * 10 % 1 0 % 10% 1034 10 % 10%
3,120
New York Chic. & St. Louis..
7 Aug. 13 15%Jan. 5 10% 17%
2034
21
21
%
2
1
%
20
21
2 0 % 21
21
21
5,100 1334 Oct. 17 35 Jan. 4 27
Do
pref. 19% 20
37%
*100 .. 100 . . . .
New York Elevated................. 100 ........ *100 ...... 100 ........
90 Aug. 23 105 Feb. 16 100 109%
8634 8634 8634 863,
8 6 % 8 6 % 8684 86*4
350 8334 Oct. 19 89% Mar. 5
New Y ork Lack. & Western ..
29 *e 29% 29% 28% 29% 28,350 27% Nov. 2; 40% Jan. 18 33% 4334
New York Lake Erie & West. 29% 29% 29% 2934 29% 29% 29
76% 76% 77% 77%
77
650 72 Aug. 13 83 Jan. 5 67
Do
pref. 75% 75% 76% 76% *76
88%
34% 33
34
36% 35»4 36 7t "34* "35 " 34
37% 36
10,614 19 Oct. 1 52% Jan. 9 45
New Y ork & N ew En gland___ 32
60%
New York New Haven & Hart.
169 Jan. 16 183 May 28 168 186
1,583 1934 Aug. 13 29% Apr. 14 20% 31%
New York O ntario* Western. 20 34 2034 2 0 % 2 0 7e *2034 21% *20% 2034 2 0 % 2 0 % 2 0 % 2 0 %
*5
6
*5%
'5%
5%
*5
6
6
672
*5% 6
5% 5%
New York Susq. & Western...
4% Oct. 15 8% May 10
16
*16
17
16
16% 16% *16
*16
17
17
16
500 14 Oct. 16 2134 lifay 10
Do
pref. 16
44% 45% *44% 45%
44
*44% 45
*41% 43
44
44% 44
1,100 32 Aug. 14 4934 Jan. 20 44% 60
Norfolk & Western, pref.........
29%
2934
29%
30%
29% 30% 29
29% 29% 27,233 23% Oct. 17 53% June 14 28 a4 54%
29%
30%
N orthern Pacific............ .......... 29
6334 66 %l 65% 67% 65 % 67 % 64% 6534 65% 65 34 6434 65
30,273 56 Oct. 17 90% Junel4 6634 100%
Do
pref...............
334 4 %
334 3 7.
4
4
4
4
4,922
4
4
2 Oct. 3 14% Apr. 13 11% 25%
Ohio Central.............'................ J 3* 3%
200 25% Oct. 27 3634 Apr. 13 27
*26
27%
27
27
*27% 28%
42
Ohio & Mississippi.............. .
7 July 24 1434 Apr. 24 11
23%
Ohio Southern.........................
20% Oct. 11 32 June26 3334 36
Oregon Short Line.............. .
Oregon & Trans-Continental.. 48% 4934 4834 50% 49% 5034 48% 49*4 49% 50% 48% 49% 200,835 34% Oct, 17 89 Jan. T9 60
98*4
*17
1734 17% 17%
17
1,000 12 Aug. 30 28 Jan. 18 23
17% 17%
17% 17
39%
Peoria Decatur & Evansville.. 17
5134 52% 26,600 46% Aug. 27 61% JunelS 46*4 67%
”6Ï % "5Ï 84 52% 53
52
51% 52% 51% 5134 52
Philadelphia & Reading.........
133% 134%
65 129% Sept.24 138 Jan. 16 130 139
Pittsburg Ft. Wayne & Chic..
4% Oct. 11 15% Apr. 16 13
40
R ich .* Allegh.,st’ck trust ctfs.
59
60
400 47 Jan. 13 72 July 23 52 250
Richmond & Danville..............
3134 32 34
30
32
4,700 21 Feb. 16 39 June .2 23 263
29% 30
28% 29
Richmond & West Point.........
I734 17% 1734 18
7,953 14 Aug. 11 23 Apr. 4 17% 36%
17%
17% 17% 17% 17% 16
Rochester & P ittsburg...........
1,500 35 Oct. 16 85 June19 20% 50
*53
56
54% 55
49
53
56
49
St. Lonis Alton * Terre Haute
350 80 Oct. 4 103 Apr. 11 55
*94
98
95% 95%
94% 95
94%
Do
pref.
*25 • 27
*26 ! 27
*26
27
*26
27
27
20% Oct. 17 36% May 31 31
St. Louis & San Francisco...... *26
46%
*45% 47
*45
47%
450 41 Aug. 14 59% June 2 43
46
46
46
46% 46% 46% 46% 46
66%
Do
pref.
92%
*90
92% *90
92% *90
92%
92% -90
87 Oct. 18 100% Jan. IT 7934 106%
Do
lstpref. *89
4234
33 Aug. 13 40% Jan. 9 26
St. Paul & Duluth....................
90 Nov. 12 9734 June 16 68
99%
Do
pref..............
22,495 t97 % Nov. 17 169% Apr. 16 108% 166%
St. Paul Minneap. * Manitoba P7% 100% 98 101% 98% 101% 98% 101% 99% 100% 100 101
22
22%
18,535 19 Oct. 17 43 Jan. 18 34
21 % 22% 21 % 22 % 22 % 2 2 % 22% 23% 2234 23*4 IH
55
Texas & Pacific.............. . .......
8 6 % 88
86% 86% 105,238 84% Oct. 17 10434 Jan. 18 98% 119 »4
87% 88% 87% 88% 87% 88% 87% 88
Union Pacific..........................
22% 22%
21,085 15 Aug. 14 36% Jan. 18 23% 39%
21% 2134 21% 22% 2 2 % 2 2 % 22% 2234 22 s4 23
Wabash St. Louis & Pacific..
35
3534
34%
35%
3434 34% 35% 34% 35%
64,050 29% Oct. 18 57%Jan. 18 45% 71%
33% 33 % 33
Do
orof
M IS C E L L A N E O U S .
63% 63
6234 62 34 62% 63%
440 59% Oct. 20 69% Jude 15 65
74
American Tel. & Cable Co___
138%
138%
138% 138%
2,710 121 July 18 140% Aug. 30 125 132
Bankers’ * Merchants’ T e l... 138% 138% 138% 13834 138% 138 34 138% 138%
16
16
*16
18
100 14 Oct. 13 39% Apr. 16 25
*15% 18
53%
Colorado Coal & I r o n ___
106 34 106 34 10634 106% 106% 106%
1,370 102% Oct. 17 112% Apr. 14 10234 I I 934
Delaw are* Hudson Canal. . . . 106 34 106 34
*17% 18%
15 Aug. 31 25 Jan. 17 19 7, 30%
Mutual Union Telegraph........
105 120 '105 120
T05 110
55 Mar. 13 125 July 20 37
*105
105 ...
55
New York & Texas Land Co..
77
77
100 66 Oct. 18 91% Mar. 5
Oregon ImprovementCo..........
114 115%
2,806 96 Oct. 17 150 June14 128 163%
115 I I 534 115% 116
116 116
Oregon Railway & N av.Co___ 114 114
40% 40% 12,025 28 Aug. 14 44 34 Apr. 9 323, 48 ®4
40% 40% 41
41% 40% 41% 40
41% 40
Pacific Mail............................... 40
122 122 *121% 12 2% 122% 122%
855 117 Feb. 23 134 June13 117 145
Pullman Palace Car................. 121% 121% 121% 122
*6
7
*5
6
*6
7
14%
5% Oct. 24 9 % Mar. 3
8
*6
7
*6
7
*6
7
Quicksilver M ining..............
*30
33
*30
33
33
100 31 Oct. 24 46 % Mar. 6 40
62%
30
*32
33% *32
33
33
33
Do
pref___...
12,916 7134 Aug. 16 88% June 14 76% 93%
Western Union Telegraph....... 79% 7934 793s 79% 79% 7934 79% 7934 79% 79% 79% 79%
EXPRESS.
135 126% May 5 135 Jan. 5 133 149%
xl3 0 132
130% 130% 130% 130% 130% 130% *130 132
Adams....................................... 132 135
97%
93
142 88 Mar. 16 94%June 9 90
*91
93
91% 91% ‘ 91
94
94
91
91
93
American...... ..................... .
93
80%
*57
60
59
20 55% May 17 65 % J an. 6 62
57% 57% 59
*57 . 60
*57
60
60
United States.......................... 1 *57
39 113 Oct. 26 128- June 21 125 132
Wells, Fargo & Co.................
116 116 *114% 117
115% 115% 116 116 *115 118 *115 118
..I N A C T I V E s t o c k s .
135 Oct. 5 126 135
127 Aug.
Albany & Susquehanna.........
30
17% June 18 14
100 10 Nov.
Cedar Falls * M innesota......
12
12
159 Oct. 5 130 146
140 Feb.
Chicago & Alton, pref
68% May 9 50 104
590 31 Feb.
31
35
Columbia & Greenville, pref" ’
96%
92 Mar. 12 82
78 Aug.
Dubuque & Sioux C iry........
9184
107 June 9 91
99% July
F lin t * Pere Marquette, pref"
l45%June 4 131% 144
55 189% Jan.
Rensselaer & Saratoga..
145 145
20
40
34
Mar.
8
15
Oct.
200
Rome Watertown & Ogdensb"
19
19
27% June 19 15
31
13 Nov.
Texas & St. Louis in Texas
197 Nov. 21 183 188%
United Co’s of New Jersey .
36 87% Jan.
195 195
197 197
31% Apr. 21 25
62%
Virginia Midland ................“ "j
100 12Ó Jan.
22
22
27% Jan. 19 27% 36%
Consolidation Coal.......... ”
"
425 24 May
1934
19
Jan.
19
15%
8
Nov.
Homestake Mining Co......
100
9
9
14 Jan. 4 13% 23
New Central Coal................
9 Oct.
200
9% 9%
10
10
35%.I an. 8 33
Ontario Silver M ining...... .
120 18 Feb.
40
30
29
29
280s4 July 21 240 245
Pennsylvania Coal........ .......... *250
260 Nov.
*250"
*250 .......
250
These are the prices bid and asked; no sale was made at the Board.
t Ex-privilege.
¡THE CHRONICLE.
558
q u o t a t io n s o f s t a t e a n d r a i l r o a d b o n d s a n d
S T A T E BONDS.
SECURITIES.
Alabama—
Class A, 3 to 5,1906---- Class A, 3 to 6, sm all...
; Class B, 5s, 1906...........
v Class O; 4s, 1906...........
6s, 10-20S, 1900.............
Arkansas—
6s, funded, 1899-1900..
7s, L. Rock & Ft. S. iss.
7s, Memp.& L.Rock R R
7s, L. R.P.B. & N.O. RR
7s, Miss. O. & R. R. RR7s, Arkansas Cent. RR.
Connecticut—6s, 1883-4..
Georgia—6s, 1886............
7s, new, 1886...............
7s, endorsed, 1886........
7s, gold, 1890 ................
Louisiana—
7s, consol., 1914...........
7 s, small.........................
Bid.
Ask.
SECURITIES.
Bid.
Lomsiana—Continued—
67
82 m 83% Ex-matured coupon..
83 %
Michigan—
117
100 %
7s, 1890............... . . —
82ia 8313 Missouri—
107
6s, due 1886........... .
105
108
6s, due 1887................
109
6s, due 1888...... .........
15
111
6s,
due
1889
or
1890....
20
[ •Asyl’m or Univ., due ’92 114
20
Funding, 1894-95 ------ 120
19
Hannibal & St. Jo., ’86 110
19
Do
do
’87 110
8 »4
New York—
102
6s, gold, reg., 1887------ 110
103
6s, gold, co»p., 1887---- 110
105
6s, loan, 1891................ 115
105
6s, loan, 1892................ 117
6s, loan, 1893....... ------ 120
N.
Carolina—6s, old, J.&J• 30
75%
6s, old, A.& O................. 30
71
Ask.
[VOL. X X X V II.
m is c e l l a n e o u s
SECURITIES.
N. Carolina—Continued—
No Carolina RR.,J.&Jt
Do A.&O................t
Do 7 coup’s off, J.&J.
Do 7 coup’s off, A.&O.
Funding act, 1866-1900
Do
1868-1898
New bonds, J.&J., ’92-8
Do
A.&O..........
Chatham R R ........... .i
Special tax,class 1, ’98-9
Do
class 2........
Do to W. N, C. RR.
Do
Western R R ...
Wil.C.&Ru.R
Do
W ’n. & Tar R.
Do
Consol. 4s, 1910.............
Small.........................
Ohio—
6s, 1886.................... .
Rhode Island—
6s, coupon, 1893-99..
Bid.
Ask.
s e c u r it ie s .
SECURITIES.
South Carolina—
6s, A ct Mar. 23, 1869 )
160
non. fundable, 1888.)
160
Brown consol’n 6s, 1893
135
Tennessee—6s, old-,1892-8
135
6s, new, 1892-8-1900 ...
10
6s, new series, 1914 ... .
10
C’mp’mise,3-4-5-6s,1912
16
16
Virginia—6s, old..............
3
3*2 6s, new, 1866.................
4
6s, new, 1867.................
4
6s, consol, bonds...........
4
6s, ex-matured coupon.
4
6s, consol., 2d series—
4
6s, deferred...................
4
District of Columbia—
79% 81
3-65s, 19 24..................
78
Small bonds..................
Registered...... .............
108
Funding 5s, 1899..........
Do
small........... .
117
I
Do
registered...
Bid.
Ask.
2 34
104 106
40
37 ' 41
41
37
43% 44%
36 ___
36 . . . . . .
36
72
-X«
47 __
52 ____
934 10%
110
110
110
111
111
111
___
_•__w
R A IL R O A D BONDS.
■V
83
P
Mich. Cent.—Continued99% LOI B
F.&Og.—lst.7s,’91 107%
Coupon, 5s, 1931...........
125% 126
R a ilro a d Bonds.
___
ll
71
Con.
1st,
ex.
5s,
1922...
I I 734
Registered, 5s, 1931---i (Stock Exchange PricesJ
....... Btoch.& Pitt.—Ist,6s.l921 106 107
103% IO334 Jack.Lan.& Sag.—6s,’91
Ala.Central—1st, 6s, 1918
93% 94%
94
Consol. 1st, 6s, 1922---Mil.
&
No.—1st,
6s,
1910.
115
113
Alleg’y Cen.-l8t,6s,1922
99% B ‘ ‘s Al.—1st, 7s. 1920 70%
i ........ 115% Mil.L.S.&W.—lst,6s,1921 99
Atch.T.&. S.Fe—412,19“ 0
R
Danv.—Cons.g.,6s 97% 97%
Minn.&St.L.—lst,7s,1927 .......: 30
'115%
Sinking fund, 6s, 191162% 64 j
121 l25
Debenture 6s. 1927......
Iowa
Ext.—1st,
7s.
1909
126
Atl. & Pac.—1st, 6s, 1910
Atl.&Ch.—1st, p., 7s.,’97 108
112% 115
2d, 7s, 1891.................... 100
Balt.& O.—lst,6s,Prk.Br.
112% L13
incomes, 19Ó0............. * 72
S’thw.Ext.—lst.7
s,1910
103%
Bost. Hartf. & E.—1st, 7s
96
120 122
Pac. Ext.—1st. 6s, 1921. 101% l0134 s
Guaranteed.........- - - - - - S
s Iron Mt.—1st, 7s 114 115
Mo.K.&T,—Gen.,6s. 1920 ....... 84
1st cons., 6s, 1906— - *120
Bur.C.Rap. & No.—1st,5s
106% 108
08
107%
.............
2d,
7s.
1897......
132
Cons.
7s,
1904-5-6.........
Rens. & Sar.—1st. coup.
Minn.&St.L.—lst,7 s,gu
66
Arkansas Br.—1st, 7s... 108
.....
Cons. 2d, income, 1911. 65
1st, reg., 1921.........-- 133
IowaC. &West.—1st,7s
Cairo & Fulton—1st ,7 s. 109% 110
H. & Cent. Mo.—lst,’90 103
Denv.& Rio Gr.—1st,1900 1063a 106
G.Rap.Ia.F.&N.—1st,6s
L06
105
Cairo Ark. & T.—1st, 7s 109% 111
91%
90
Mobile
&
Ohio.—New.
6s.
1st consol.. 7s, 1 9 1 0 ....
1st, 5s, 19 21..--------Gen. r’y& 1. gr., 5s. 1931 7234
96%
Collat. Trust, 6s, i892..
Denv.So.P.&Pac.—1st,7 s. 94
Buf. N.Y. & Phil.—1st, 6s
...... S___ , .lion & T. H.—1st. 115
Morgan’s La.&T.—1st, 6s
Den.& RioG.W est.-lst, 6s 69 % 71
Can.,So.—1st, int. g’ar. 5s
...
•
119
.
2d,
pref., 7s, 1894..-...... 110 112
Nash.Chat.&St.L.—
lst,7s
91%
*........
Defc.Mac. & Marq.—1st,6s
2d, 5s, 19 13-.... --"¿n
2d, income, 7s. 1894----- 105
2d, 6s, 1901.................... 102% .03
Land grant, 3%s, S. A *........
' Central Iowa—1st, 7 s, 99
Bellev. & S. 111.—1st, 8s 117
Ì20"Ì N. Y. Central—6s. 1887.. 106%
E.T.Va.&'G.—lst,7s,19C
d East. Div.—1st, os, 1912
110%
74% 75%
Deb. certs, extd. 5s .. 1033a .03% sit.P.Minn.&Man.—1st,7s
1st, cons., 5s, 1930---|Char. Col. & A ug.-lst,7s|105
108%
93% 96
N.Y.C. & H.—1st, cp.,7s 130%! -3134| 2d, 6s, 1909...................
Divisional 5s. 1930...
Ches.&Ohio-Pur.m ’ yfa. l l o
130%! 3134 Dakota Ext.—6s, 1910.. Ì08 109
1st, reg., 1903..
6s, gold, series A, 1908.1 >08
Eliz.C.& N.—S.f..deb.c.6s
101%
101%
*105%
1st
consol.
6s,
1933.......
Huds.
R.—7s,
2d,s.f.,’85
1st, 6s, 1920......... .
6s, gold, series B, 1908. »<
Min’s Un.—lst,6s,1922.
ib ï%
Harlem—1st, 7s, coup.. 127
Eliz. Lex. & Big S.—6s
6s, currency. 1918........
117 LI8% S
/i.24
N.
Y.
Elev’d—1st,7s,1906
Erie—1st,
extended,
7
s
.
Mortgage 6s, 1911- -----103% 104%
...... ,S
N.Y.Pa.&O.—Pr.l’n,6s,’95
2d, extended, 5s, 1919-Ches.O.&S.W.—M.5-6s...
2d, 68,1931 .................. *97 100
N.Y.C.&N.—Gen.,6s,1910 35 __ _
4th, extended, 5s, 1920 107%
Chioago & Alton—1st, 7S.I -- 109 110
42
S
lhen’d’h
V
—1st,
7s,1909
*111
Trust
Co.,
reeeiDts........
5th, 7s, 1888 . . . . . . ----1 Sinking fund, 6s, 1903.! 114
75
84
t N. Y. & New Eng.—1st. 7 s *105
Genera], 6s, 1921.........
1st cons., gold, 7s, 1920. .127
L a.& M o.R iv.—1st,7s- m
*95 . . . . . . 1rex.CenL—lst,s.f „7 s,1909 104% 107
*124
1st
cons.,
fd.
coup.,
7s-.
2d,7s, 1900............
103% 103 ^2 1st mort., 7s, 1911...... - 104% 107
.
.
...
.
St. ¿ . J ack.& Chic.—lstj .116
92
■]?ol. Del. & Bur.—Main,6s *26 .......
90
118
2d, 6s, 1923.
1st, guar. (564),7s,’94
75% 7534 1st, Dayt. Div., 6s, 1910
I3134 Ì32
2d (360), 7s,.1898
81% 82%
1st, Ter’l trust, 6s, l9 l0
97
. J 2d, guar. (188),7s,’98.
70
62 ........ 17a. Mid.—M. ine.,6s,1927
96%j' 97
Debenture, 6s, 1897...
Miss.R.Br’ge—lst,s.f.6s
76
\Vab. St.L. & P.—Gen’l,6s 74
9134 92
99%
Midland of N.J.—1st,6
Ev. & T. H.O.B.&Q.-Consol. 78,1903 128%
76%
77%
*104%
107
Chic.
Div.—5s,
1910
...
N.Y.N.H.&
H
.-l
st,rg.,4
5s, sinking fund, 1901. - 100
.
37
Hav.
Div.—6s,
1910
...
Ì09%
Nevada Cent.—1st, 6 s...
5s, debentures, 1913 ... 92ia 92 •
T0I.P.&W.—lst,7s,1917 105
104% 104%
104%
N.
Pac.—G.
1.
g.,
l8t,cp.6
Ia. Div.—S. F., 5s, 1919
81
90
109% I Registered, 6s, 1921... *103 103341 Iowa Div.—6s, Ì921---90
91
2d, 7s, 1905......... I
S. F., 4s, 1919...........
Ind’polis Div.—6s, 1921
93
N.O. Pac.—1st, 6s, g.,192. ........ , .88%
Mex. & Pac,—1st, 5 s ...
Denver Div.—4s, 1922. *84
101% .. „
Detroit Div.—6s, 1921..
Norf.
&
W.—G’li
6s,
1931
2d,
6s,
1
9
3
1
..........1 Plain 4s, 1921......-- -- Cairo Div.—5s, 1931.... '76** "77%
N ew R iv’r—lst,6s,193i *94
Gr’n Bay w.&S.P.—1st, 6s 81 ia.......
©.- R. I. & P.—6s, cp.,19l? 127% 128
120
Wabash—M.,7s, 1909.. 86
Gulf Col. & S.Fe—7 s, 1909 114ia 115 !Ohio & Miss.—Consol, s. f 116%
’127%
,6s, reg., 1917.
Toi. &W .—1st,ext.,7s 107%
117 119
I
Consolidated
7s,
1898
.
IO
434
105ia
i
'
06
%
Han.&
St.
Jos.—8s,
conv..
Keo. <BDes M.—1st, os.
1st, St. L. Div., 7s, ’89 99% 100
2d consolidated 7s, 191. 121% 123
Consol. 6s, 1911....... --- 110 % 111
Central of N. J.—1st. 90 il4 %
119
2d, ext., 7s, 1893........ . 98%
I 1st, Springfield Div., 7i3 117%
1st consol, assented, 99 112 % 113" : HOUS.& T.C.—ls‘t,M.L.,7 s 111
70
Equip.
b’ ds,7s, 1883.. 25
J
68
108
8
hio
Central—lst,6s,192<
109%
112ia
Conv., assented.7s,1902
11234 1st; West. Div., 7s.
86%
Consol, conv., 7 s, 1907 86
1st Ter’lT r., 6s. 1920. .
1st, Waco & N ., 7s.
Adjustment, 7s, 1903... 104ia 105
Gt. West.—1st, 7s, ’88 105%
1st Min’IDiv., os, 1921
104
Leh.&W.B.—Con.g’d.as
2d consol., main line, 8s 120 121
98%
;
82%
85
2d,
7s,
1893..............
Ohio
So.—1st,
6s,
19
2H
„
91
2d, Waco & No.,8s,1915
Am.D’k&Imp.—5s,1921 90
' Q. & T.—1st, 7s, 1890.
1 92
98% Oreg’n&Cal.—ls t ,f
CM.& St.P.—1st, 8s, P.D. 132 132’a General, 6s, 1921 ■•••--- 96 L01
Han;& Naples—1st,7s
2 85% 86
% Or.&Trans’l—6s,’8_
Hous.E.&W. Tex.—1st,7 s
2d, 7 3-10, P. D., 1898.. 12212 24
100
IU.&So.Ia.—lstEx.,6s
92%
.
92
Oreg.
Imp.
Co.—1st,
6s..
l s i 7s, $ g .,R .p .,1 9 0 2 . 125 126% 2d, 68,1913........... -» r -H B
107
Bt.L.K.C.&N.—R.e.7s
) ........ . .. ...
Ill.Cent.—Sp.Div.—Cp. 6s*115
1st, LaC.Div., 7s. 1893. 118ia 119
Om. Div.—1st, 7s ... Ì06%
s
97
Middle
Div.—Reg.,
os..I
...
.
119ia
1st, I. & M .,7 s,1 8 9 r...
80
Clar’da
Br.—6S.1919
.
.
.
.
.
.
0
*96%
C.St.L.&N.O.—Ten.l.,7S|*117%
' list, I. & D., 7s. 1899 ... 120
St. Chas. Br.—lst,6s *30’s __|
Peoria & Pek. U’n—
1st consol., 7s, 1897 ..j*1171a:120
1st, C. & M., 7s. 1903... 124-•
120
No. Missouri—1st, 7 s
1 113 113%
118
Pac. RRs.—Cen. P.2d, 6s, 1907............
Consol. 7 s, 1905............ 124 124 >a
108
West.
Un. Tel.—1900, cp iÏ2% 113
.
IO734
102 102 %
Gold, 5s, 1951............. 107 107’
112 114
s *103
1900,reg..........-........ .
2d Div.,7s, 1 8 9 4 ......
l s i 7s, I.&D. Ext.,1908 122 1221a
4 102% 104%
Ced. F. & Minn.—1st. 7s 114
S. W. Div., 1st, 6s, 1909. 108ia 109
. 104 105% Mut.Un.T.—S.F.,6s,1911 84% 84%
Ind. Bl. & W.—1st prf. 7s 115%
lst,5s,LaC.&Dav.,1919 94
Oregon RR. & N.—1st, 6s 10ÿ% 108%
s HI
86
1st,S.Minn.Div.6s,1910 109 is ìb‘934 1st, 4-5-6S, 1909............. 85
INCOME BONDS.
j.
10234 103%
70
71
2d, 4-5-6s. 1909
¿1st, H. & D ., 7s, 1910.. 119
(.Interest payable if earnedJ
95
East’n Diy.—6s, 1921... 93
i Ch. & Pac. Div.,6s,1910 111
Alleg’y Cent.—Inc., 1912.
. 11534 116
Indianap.D.&Spr.—1st,7 s ’101 102
lbt,Chic.&P.W.,5s,1921 94% 95
26
1. 108 108% Atl. & Pac.—Inc.. 1910... 25
92% 2d, 5s, 1911...................Min’IP t. Div., 5s, 1910. 92
95
97
5. 118% 119% Central of N. J.—1908---Int.& Gt.No.—1st,6s,gold 108%
SC.& L. Sup.Div.,58,1921
Cent.
la.—Coup.debtctfs.
Collateral
Trust,
6s.
83
3
4
84%
92%
92ia Coupon, 6s, 1909...... .. .
Wis. & Min. D., 5s. 1921
___
_
Ch.St.P.&M.—L.g.
inc.,6s
7
........
do
5s, 19(
Kent’kyCen.—M., 6s, 1911
C. & N’west.—S.fd.,7s,’85 105
Chic. & E. 111.—Inc., 1907
Kans. Pac.—1st,6s,’i 5 110
L.Sh’re-M.S.&N.I.,s.f.,7s 103%
. Consol, bonds, 7s, 1915. 133
DesM.&Ft.D.—lst,inc.,6s
1st, 6s, 1896...... . . 110% 111
Cleve. & Tol.—Sink. fd. 106
Extens’n bonds, 7s, ’85.
IO734 Det. Mac. & Marq.—Inc..
9
107%
New bonds, 7s, 1886.. 106
1st, 7s, 1885.'................. ÌÒ5% 106
E.T. V.&Ga.- Inc.,68,1931 *3Ï34 ” 33“
). 9834 99
Coupon,gold, 7s, 1902.. 105% 105% Cleve. P. & Ash.—7 s.... 112
20
G. BayW.& St.p.—2d,ine.
5 ........
C.Br.U.P.
Buff. & Erie—New bds-. *120
128
Reg., gold, 7s, 1902......
36
Ind. Bl. & W.—Inc., 1919 *33
5 91%
At.C.&P.115
Kal. & W. Pigeon—1st
Sinking fund, 6s, 1929. i ï o ^
36
Consol., Inc., 6s, 1921..
s ........ 90
Sinking fund, 5s, 1929. 102 % 102 a4 Det.M.&T.—1st,7 s,1906; Ì23
30
Ind’
sDec.&
Spr’
d—2dinc
s
95
%
95%
........
Lake Shore—Div. bonds 120
; Sinking f’d,deb. 5s, 1933 93%
9 ........ 106
Trust Co. certificates...
Ut. So.Consol., coup., 1st, 7s. 126% 127%
Esoan’a& L.S.—1st,6s.
Leh. & Wilkesb. Coal—’88 *67
9 99 101
Consol., reg., 1st, 7s.. 125%
Des M. & Min’ s—1st, 7s
Lake
E. & W.—Inc.7s,’99 38% 39%
103
............
Consol., coup., 2d, 7s. 121 \ 1 2 2 %
Iowa Midland—1st, 8s.. 131
Sand’kvDiv.—Inc.,1920 34%
. 112 113
3d, 7s, 1906.
Consol.,reg.. 2d, 7 s... 118% 118%
. Peninsula—1st,conv. 7 s 120
45
s 106 ........ Laf.Bl.&Mun.—Inc.7s, 99 40
Pacific of M
- Chicago & Mil.—1st, 7s. 123
Long Isl. R.—lst,7s, 1898 120
80
. 112 ........ Mil. L. S. & W.—Incomes
2d, 7s, 189
99%
Win.& St. P.—1st,7s,’87 108
1st consol., 5s, 1931 ....
Mob. & O.—1st prf. deben. 65
& 96
Louisv. & N.—Cons.7s, 98 irr 118% St. L.& S.F.—
2d, 7s. 1907.................
125
35
2d pref. debentures......
97
. 96
Mil.&Mad.—1st,6s,1905 111%
Cecilian Br’ ch—7s, 1907 103
27
3d pref. debentures......
. 96
N.O.&Mob.—Ist,6sl930 93
C.C.C.& Ind’s—1st ,7 s.s.f. 120 %
4th pref. debentures---E. H. & N.—1st,6s,1919 103%
Consol. 7s, 1914............ 121%
72%
N.Y.Lake
E.&W.—Ino.6s
.
*95
.
.
.
.
.
.
Eauipment,
7s,
1895.
95
General, 6s, 1930. ---Consol. S. F.,7s, 1914.
N.Y.P.&O.—lstinc.ac.,7s
Gen. mort., 6s, 1931.
C.St.P.M.&O.—Consol.,6s iÏ0%
Pensac’la Div.—6s, 1920
13
Ohio Cent.—Income, 1920 12
• So. Pac. of Mo.—1stA. 104 %
C.St.P.&M.-lst,6s,1918 *113%
St. L, Div.—1st, 6s,1921 T13
Min’l Div.—Inc. 7s,1921
Tex.&Pac.—1st,6s,’ 5 105% .......50
N. W is.—1st, 6s, 1930..
2d, 3s,1980.................
21
Ohio
So.—2dinc.,
6s,
1921
27
95
..
93%
Consol., 6s, 1905.
S t.P.& S.C .-lst,68,1919 *114*
Nashv. & Dec.—1st, 7s. 116%
Ogdens.&L.C.—Inc., 1920
Z 49% 50
Chic.&E.IU.—lst,s.f.,cur. 99
S.&N.Ala.—S.f.,6s,1910
0 75% 7534. PeoriaD.&Ev.—Inc.,1920 44 . . . . ..
Chic.St.L.&P.—lst,con5s
Lel>aii,ii- Knox—6s, 19 b1
85
Evans. Div.—Inc., 1920
Pennsylvama RR.—
Louisv.C.& L.—6s, 1931
' 1st, con,, 5s, reg.. 1932.
Pa. Co’s guar. 4%s,l C. 96% 9684! Peoria&Pek.Un.—Inc.,6s *45*' '45%
95
L. Erie & W —1st, 6s, 1919
Chic. & Atl.—1st, 68,1920
102
Roch.
& Pitts.—Inc.,1921
96
..
95%
Registered,
1921.
91
C hic.& W .Ind—1st, s f.6s 107% 109% Sandusky Div.—6s,1919
35
Rome W. & Og.—Inc., 7s. 31
Pitt.C.&St. L.—1st, rs .......
©en. M „ 6s, 1 9 3 2 ....... 10034 102 Laf. Bl.&M.—lst,6s,1919 90% 95
So. Car.Ry.—Inc.,6s, 1931 ........ 66%
Louisv.N.Alb.&C.—
lst,6B
102
98%
Col.& Green.—1st,6s,1916 90 100
St.L.&I.M.lst,7s,pr.i.a
Manhat-B’chCo.—7s,1909
........ St’gl.&Ry.-Sei. B.,mc.’94
87
2d, 6s. 1926..............
St i'3’8'
N.Y.&M.B’h—lst,7s,’9
. Col. H.VaL& Tol.—1st, 5s
80
St.L.A. & T.H.—Div. bds. " 53" " ê ô "
.. 135
2d, 7s, 1912......
Marietta & Cin.—1st, 7s
Del. D.&W.—7s, conv.,’92 116
Shena’h V ;—Inc.,6s,1923
..
126
3d| 7s, 1912......
Mortgage 7s, 1907........ 124% ....... Metr’p’lit’n El.—1st,1908 101 s4 102
......
f.......... 12334 Tol.Del.&B.~Inc.,6s,1910
8 8 % 89
2d, 6s, 1899 .................
^Syr.Bing.&N.Y.—1st,7s 125
Dayton Div.—6s, 1910..
2...........
111
60
Mex. Cen.—1st, 7s, 1911
Morris & Essex.—1st,7s 134 136
,Tex.&St.L—L.g.,inc.l920
s .......
12334
2d, 7s,1891................1 . . . . . . 115 ¡Mich. Cent.—Con.7s,190i
i Gen. L. Gr.& Inc.—1931 *2l”
Consolidated 5s, 1902 .
Bonds, 7s, 1900......... *110
[Tex.&St.L.inMo.&A.-2d
2d, guar., 7s, 1898
6s, 1900................... '--..___ 7s of 1871,1901........ 117%
1 Coupons on since 1869.
: No price Friday—these axe latest quotations made this week.
Del. L. & W.—Contm’d—
1st, consol., guar., 7s.
N. Y.Laek. &W.—1st, 6s
Del. & Hud. Can.—1st, 7s
7 s, 189 1 ...... - ji- - - •-----•
1st, ext., 7s, 1891..........
Coup., 7s, 1894. - --------
THE CHRONICLE.
N ovem ber 24, 1883.]
New York Local Securities;
Insurance Stock List
[Prices by E. S. Bailey, 7 Pine St.]
559
Quotations in Boston, Philadelphia and Baltimore.
SECURITIES.
Bid. Ask.
SECURITIES.
Bid.
BOSTON,
B uff.N.Y.* P.-(C ont’d)
PRICE.
PRICE.
Atch. & Topeka—1st, 7s 121
COMPANIES.
Cons. 6s, 1921...........
Land grant, 7 s ......... 115
COMPANIES.
Par.
1st, Tr. 6s, 1922 .. .
Marked tiras (*) are
i.
Bid. Ask. Atlantic & Pacific—6s ..
Bid.
Buff.Pitts.* W.—Gen.,6"s
not National.
Incom e.........................
Cam. & Amboy—6s, c.,’89
Boston
&
Maine^-7s.......
Mort., 6s, 1889...........
50 140 150
108*2
America*..... . ........ . 100 157 158
Boston & Albany—7s ....
Cam. & Atl.—1st,7s,g.,’93
■ Amer. Exchange .. 100 105 111
Amer. Exchange... 100 125
6 s.............................■.....
2d,
6s,
1904..........
25 150 158
25 250
114
Broadway...............
Boston & Lowell—7 s ___
Cons., 6 p. c __ . . . .
25
105 107
175
25 140
Butchers’ & Drov’s
6s.'................................. .
Cam. & Burl. Co.—6s, ’97.
17 160 167
Central........... ........ 100 130
B
oston
*
Providence—7s
7s, con. c.
20 140 150
C h a s e ................... 100 185
Burl. & Mo.—Ld. gr., 7s. 1163, 117*2 Catawissa—1st,
Chat. M., 10s, 1888......
70 115 125
25 140
C hatham ...............
Nebraska, 6s...........Ex. 112
New 7s, reg. & coup__ 122
100 110 120
Chemical................ 100 2010
Nebraska,
6s.................
104
Chart’rs V .—1st, 7s, 1901
25 121
60
50
90
Citizens’ .................
82 s4
Nebraska, 4s...........„
Conneet’g 6s, cp., 1900-04
100 260
100 240 250
119.
City............. ..
Conn. & Passumpsic—7s.
Cor. Couan& Ant.,deb. 6s
40 230 240
Commerce............... 100 154 158
___
Connotton
Valley—6
s
24
Delaware—6s, rg.& cp.,V.
70
Continental............ 100 118 120
100
80
5s.................
.
.........
..
.
.
.
24
Del.
&
Bound
Br.—1st.
7s
124
160
100
Corn Exchange*___
90 100
30
East’rn, Mass.—6s, new.. 111 %
East Penn.—1st, 7s, 1888 106
25
East River..............
50 115 120
Fort Scott & Gulf—7s__
Easton&Amb’y—5s, 1920
Eleventh Ward*___ 25
80
17
K.
City Lawr. & So,—5s.. 10234
El.&Wmsp’tG st,6s, 1910 117
F ift h ........ . . . . . . . . 100
60
75
Firemen’s Trust__ 10
K.
City
St.
Jo.
&
C.
B.—7s
114*.
5s, perpetual.. . . __ ....
97
Fifth Avenue*........ 100 400
Franklin & Em p.. . 100 113 117
Little R. & Ft. S.—7s, 1st
Harrisb’g—1st, 6s, 1883..
F irst........................ 100
German-American . 100 195 203
60 34 H.&B.T.—1st,
Mexican Central—7 s ....... 60
7s, g., 1890 114
Fourth..................... 100 131
Germania................ 50 135 140
100
N.
Y.
&
N.
England—6s..
86
Cons. 5s, 1895......... .
88
F u lton ....................
30 125
Globe....................... 50 . 110 115
7s...............
108% 109
Ithaca&Ath.—1st, gld.,7s
Gallatin ...............
50 159
G r e e n w ic h ........... 25 260 290
N. Mexico & So. Pac.—7s 115
Junction—1st, 6s, 1882...
Garfield................... 100 114
60
100
65
Oregon Short Line—6s.., 93*4
2d, 6s, 1900.............. .
German American*. 75 101
15 110 115
Ogdensb.& L.Ch.—Con,
Leh.V— lst,6s,C.&R.,’98 121
German Exchange* 100
50 130 135
Incom e............ ....... .
2d, 7s, reg., 1 9 1 0 ........ 132*4
Germania*.............. 100 140
75
82
50
Old Colony—7s.............
Cons. 6s, C.& R., 1923.. 122
Greenwich*______
25 105
100 140 145
6s..................... .... .....
N. O. Pac.—1st, 6s, 1920.
Hanover.................. 100 150
87*2
60
65
50
Pueblo
&
Ark.
Val.—7s-115*2
No. Penn.—1st, 6s, cp.,’85 104 104*2.
Imp. & Traders’ ... . 100 271
95 100
Importers’* Trad’s’ 50
Rutland—6s, 1st..............
118
2d, 7s, cp. 1896 ....
I r v in g ................ .
50
65
100
70
1003,
Sonora—7
s
__
.-................
122*2
Gen.,
7s,
reg.,
1903
Leather Manuf’rs’ .. 100 165
30 125 130
24 « Gen., 7s, ep.,1903 .
T. Cinn. & St. L—1st, 6s,
Manhattan*. . . ____
50 155
Kings C’nty (Bkn.). 20 195 200
3*2 Debenture 6s, reg.
Incom e......................■...
M arine.................... 100 62
83
40
90
Dayton
Division...........
Norfolk & West.—Gen.,6s
M arket................... 100 140
80
100
85
Main line.................. .
Oil C ity * Chic.—1st, 6s..
Mechanics’ ............. ,25 149
Long Isl’d (B’klvn) 50 107 114
STOCKS.
Oil Creek—1st, 6s, coup . . 106 107
Mechanics’* Trads’ 25 100
Lorillard ................. 25
55 • 62
81%
81*2
Atchison
&
T
opeka........
M ercantile.............I 100 117
Pennsylv.—Gen., 6s, reg. 120
Manufac. & Build.. 100 100 106
Boston & Albany.-.......... §176*2 177
Merchants’ ..........
Geh., 6s, cp., 1910........
50 128
Mech. & Traders’ .. 25 105 115
111
Boston
&
Lowell..
:
.........
110*2
Merchants’ Exch
95
50
Cons., 6s, reg., 1905.... 116
Mechanics’ (Bklyn) 50 125 } 35
162
Boston & M aine..............
Metropolis*____
119
100
Cons., 6s, coup., 1905...
50
57
64
Boston & Providence___ G67
M etropolitan___
100
Cons.,
5s, reg., 1919.... iötT
Merchants’ ............. 50
95 100
62
Cheshire,preferred . . . . . .
Murray H ill*. . . .
100
Pa. & N. Y. C.—7s, 1896.
Montaulc (Bklyn.).. 50 108 n o
48
46
Chic. & West Michigan..
Nassau*.............
100 125
7,1906.............. -............
Nassau (Bklyn.) ...1 50 140 147
18*4 Perkiomen—1st,
Cinn. Sandusky & Cleve.
16
New Y o rk ..........
6s,cp.’87
100 153
N ational................ i 37*2 88
95
100
Concord ............................
N ew York C ounty. 100 135
Phil. &Erie—2d,7s,cp. ,’88
N .Y . Equitable ...I 35 150 160
Connecticut River........... 167
N. Y. Nat. E x ch .... 100 110
Cons., 6s, 1920
N. Y. Fire..............! 100
75
80
Conn. & Passumpsic......
Ninth....................... 100 120
N. Y. & B oston___| 100
Cons., 5s, 1920
4
6
Connotton Valley.............
2*a
North America*___ 70 104*2
Phila. Newt. & N.Y.—1s
New York City...... j LOO
5
10
Det. Lansing & No., pref,
North R iver*.......... 30 116
Phil. & R.—1st, 6s, 1910..
50 L30 137
Eastern, M ass.................
Oriental*........ .........
25 140
2d, 7s, coup., 1893..___
North R iv e r........... 25 L03 L08
Eastern, New Hampsh..
‘ Pacific*...................
160
50
Cons., 7s, reg., 1911---P acific..................... 25 160 L70
126
F itchburg........................
Park......................... 100 166
P a rk .....................
Cons., Ts, coup., 1911 ..
LOO HO L15
Flint
&
Pere
Marquette.
33
People’s * ................. 25 145
Cons., 6s, g., I.R.C.1911
20 L50 160
104*2
Preferred.......................
104
Phenix............. ....... 20 102*4
Imp.,
6s, g., coup., 1897
People’s .7.............. 50 108 115 - Fort Scott & Gulf—Pref.
119*2 120
P rod u ce*...............
50
Phenix..................... 50 L39 L43
Gen., 6s, g., coup., 1908
80
Common.....................
75
Republic.................. 100
R e lie f......... : .......... 50
Gen.,
7s,
coup., 1908
57
60
Iowa Falls & Sioux City. 80
81*2 Income, 7s,
St. Nicholas*.. . . __ 100
coup., 1896
Republic.................. lOO
80
35
Kan. C. Springf. & Mem. 30
Seventh' W ard........ 100
Cons. 5s, 1st ser.,c.,1922
Rutger’s ................. 25
.15
L20
24*i
Little
Rock
&
Ft.
Smith.
Second *................... 100
Standard................. 50
Cons.
5s,
2d
ser.,e., 1933
.00 .05
25
Louisiana & Mo. River..
23
Shoe & Leather...... 100
S ta r.............. .......... .00
Conv. Adj. SCrip, ’85-88
55. 65
Preferred...... .
44
State of New York* 100
Debenture coup., 1893]
Sterling................... .00
53
60
Maine
Central.................
Third.................... . 100
Stuyvesant............ 25
Scrip, 1882....................
.25
.30
Manchester & Lawrence.
Tradesmen’s...........
40 108
Conv., 7s, R. C., 1893..i
Tradesmen’s ........... 25
65
70
Marq.
Hought’n& Onton.
Union............. .........
50 165
Conv. 7s, cp.off, Jan.,’85
United States........ 25
.27
32
] Preferred...............
.
. United S tates........ 100
W estchester...... .
Phil.Wil.&
Balt.—4s,tr.ct
10
.20
.26
Nashua & Lowell............ 140
W all Street.............
50.
Pitts.Cin.& St.L.—7s, re?
Williamsburg City. 50 200 210
34*4 34*2 Pitts. Titus. & B.—7s,cp
W est Side*............. 100
Ï >J
:
115
ShamokinV. & Potts.—7s
. 153
Sunbury & Erie—1st, 7s
Gas and City R ailroad Stocks and Bonds.
Ogdensb. & L. Champlain
Sunk, Haz. & W.—1st, 5i
[Gas Quotations by Geo. H. P rentiss & Co., Brokers, 11 W all Street.]Old Colony..... ....... ..........
2d, 6s, 1 9 3 8 ................ .
Portland Saco & Portsm. 114
Syr.Gen.& Com,—1st, 7s.
1634
Rutland—Pref erred........
Union
& Titusv,—1st, 7s.
GAS COMPANIES.
Revere Beach & L y n n ...
98*2 United N. J.—Cons.6s,’94
Par, Amount. Period
98
1
ToL Cinn. & St. Louis__
Cons. 6s, gold, 1901
133
Verm't
<
fe
Massachusetts
Brooklyn Gas-Light.......
Cons. 6s, gold, 1908
25 2.000.
000 Var’s
Worcester & Nashua.__
60
Citizens’ Gas-L. (Bklyn )
Gen., 4s, t old, 1923
20 1.200.000 Var’s
Wisconsin C entral..___
18*2 19
B onds........................... 1,000 I 315,000 A. & 0 .
Warren & F-.—1st, 7s, ’96
113
Preferred.......................
H arlem ................. ..........
West Chester—Cons. 7s.,
50 1.850.000 F ;& A
Jersey City & Hoboken..
P H IL A D E L P H IA .
W. Jersey—1st, 6s, cp.,’96
20
750.000 J. & J.
Manhattan.......................
RAILROAD STOCKS.
1st, 7s, 1 8 9 9 :............
50 4.000.
000 J. & J.
15
Allegheny V alley...........
M etropolitan...................
Cons. 6s, 1909
100 2.500.000 M.& S.
Bonds _..........................
Bell’s Gap............ ..........
W.J ersey&Atl.—1st,6s,C. 105 ib 5 *2
500
750.000 F.& A.
Mutual (N. Y .) ................
Buffalo N.Y. & Phil......
Western Penn.—6s, coup.
13
100 3.500.000 Quar.
Preferred..................
Bonds,............................ 1,000 1.500.000 M.&N.
6s, P. B „ 1896 .............. io s ]
26*2 Gen., 7s, coup., 1901
Nassau (Bklyn.)..........
Camden & Atlantic__ __
25
S crip ............................. Var’s
30
« P r e fe r r e d ....................
CANAL BONDS.
New Y o rk . ..............
Catawissa.......... ...........
Ches. & Del.—1st, 6s,1886
24
100
57
People’s (Bklyn.)............
1st preferred........... ;..
56
Lehigh Nav.—6s,reg.,’84. 102*2 ÌÒ3
10
B onds............................ 1,000
2d preferred.................
54*2 55*2 Mort. RR., reg., 1897 .. 116 116*a
B ond s............................ Var’s
Delaware & Bound Brook
Cons., 7s, reg., 1911___ 122
East Pennsylvania.........
Central of New York.......
Greenw’d Tr., 7s, reg...
50
W illiamsburg.................
Elmira & W illiamsport.. 40
......
Morris—Boat Loan rg.,’85
50
Preferred......................
B onds.................'....... .
Pennsylv.—6s, cp., 1910.. 85
1,000
57*2
Har. P. Mt. Joy & Lanc’r
Metropolitan (B klyn.)...
Schuylk. Nav.—1st,6s,rg.'
100
94*2 95
Municipal.........................
Huntingd’n & Broad Top 12
2d, 6s, reg., 1907...........
100
B ond s............................
Preferred................. ..
25
B A L T IM O R E .
Lehigh Valley.................
Fulton Municipal...........
100
71*8 73*4
B on d s...........................
Preferred.......................
R A tL R ’D STOCKS. Par
300,000 J. & J 6
103 106
67% 68*2
E qu itable.......................
Little Schuylkill............. 63
63*2 Atlanta & Charlotte..__
2,000,000
94 1 96
Minehill & Sch. H aven... 65*2
Baltimore & Ohio__ .100 1-95 200
52
G ran t , Broker, 145 Broadway.]
Nesquehoning V alley__
1st p r e f........................ 127
51
Norfolk & West’n—Com.
2d pref...............
...i 120
B l’ckerSt.& Fult.F, -Stk
100
900,000 LJ. & J. 34 July, ’83 1 23 [2 6
8
10
Preferred.................... .
Parkersburg B r........50
1st m ort.............. ........ 1,000
694,000 J. & J. 7 July,1900 110 112
Central
Ohio—Com....
.50
60%
N
orthern
Central.............
51
60*2
- Br’dway & 7th A v.—St’k
100 2.100,000 Q.—J. 2 Oct.,
148*2 152
Northern P acific............. 30*8 30*4 Pittsburg & Connellsville
1st mort....................... 1,000 1,500,000 J. & D. 7 Juné ’’83
14
84 101 102
Preferred.............. .......
67*8, Western Maryland---- 50
Brooklyn City—Stock...
lft 2,000,000 Q.—F. 3*2 Nov. ’83 215 221
RAILROAD BONDS.
69
North Pennsylvania....
68
1st m ort......... ............. 1,000
300,000 M.&N. 7
102 n o
Atlanta
&
Chari.—1st___
59
Pennsylvania............
58
7
f
B r’dway (Bkln.)—Stock
100
200,000 Q.—J. 3*2 Oet., ’83 210 215
Philadelphia & Erie........
17*4 1734 Inc..............
Bklyn. Crosstown—Stock, 100
400,000 Q.—F. 3*2 Nov. ’83 150
Phila. Ger. & Norristown
110*2 Balt.&Ohio—6s,?85A.&0
1st mort. bonds. ..
1,000
300,000 Q.—J. 7
1888
105 112
Cen. Ohio.—6s, lst,M.&S.
Phjlä.
Newtown
&
N
.Y
..
Bushw’kAv. (Bkln)—St’k
100
500,000 Q.—F. 2 Nov. ’83 155
Phila. & Reading............. 26*4 26% C-harl. Col. & Aug.—1st..
Cent. Pk.N.& E. R iv.-S tk
100 1,800,000 Q.—J. M Oct., ’83 141 145
Phila. & T renton.............
2d...................................
Consol, mort. bonds__ 1,000 1,200,000 J. & D. 7. Dec., 1902 116 120
Phila. Wilm. & Balt
Cin. Wash. & Balt.—lsts.
Christ’ph’r&lOth St—Stk
100
650,000 F .& A . 2*2 Aug., ’83 113 115
Pittsb. Cin.& St. L.—Com.
2ds........ : .........- .............
B onds........ ...............
1,000
250,000 J. & J. 7
1898
106
United N. J. Companies.. 196 196*4
3ds...........m.............— DryDk.E.B.& Bat’y—Stk
100 1,200,000 Q.—F. 4 Nov., ’ 83
265
Columbia& Greenv.—lsts
West Chester—Cons. pref.
1st mort., consol........ 500&C. 900,000 J. & D. 7 June, ’93 260
114 117
West J ersey. . . ................
2ds.................................
Eighth Av.—Stock.'........
100 1,000,000 Q.—J. 3 Oct., ’83 250
Mar.&Cin.—7s, ’91,F.&A.
West Jersey & Atlantic]]
1st mort.............
1,000
203,000 J. & J. 7 June, ’84 100 n o
2d .......................M & N
CANAL STOCKS.
42d & Gr’nd St.F’ry—Stk
100
748,000 M.&N. 6 May, ’83 240
Lehigh Navigation.........
8s, 3d................... J- & J
47*8 47*4
ls t m o r t ......
1,000
236,000 A. & 0. 7 April ’93 110 115
No.Central—6s, ’85, J.&J.
Pennsylvania
Central Crosstown -Stk.
100
600,000 J. & J. 3 July, ’83 108 112
Schuylkill Nav., p ref... . 1534 16*2 6s, 1900, A. & O...........
lstm ort..^ ..
1,000
250,000 M.&N. 6 Nov., 922 108 n o
6s, gold, 1900, J. & J —
RAILROAD BONDS.
Houst.W.St.&pVF’v -s t k
100
250,000
Pittsb'&Con’ells.—7sJ &J
Allegh. Val.—7 3-10s, ’96 123
1st m ort.....
500
500,000 J. & J. 7 July, ’94 n o . 112*2
Union R R —1st,gua.J&J
7s, E. ext., 1910.........
Second Av.—Stock]........
100
1,396,500
J.
&
J.
5 July, ’83 210 215
Inc. 7s, end., coup., ’94 32
32*2 Canton endorsed.........
3d mort..................
1,000
150,000 A. & 0. 7 April ’85 103
Virginia & Tenn.—6s ...
Belvid’e Del.—1st,6s,1902
Consol...... ........ ]]]]
1,000 1,050,000 M.&N. 7 Nov., ’88 107 108
2d, 6s, 1885................
sixth a v.—sto ck ..rin iii
100
750,000
M.&N. 5 Mch, ’83 280
W.Md.—6s, 1st, g., J. & J
103
3d,
6s,
18
87....
1st moix. 1,000
500,000 J. & J. 7 July, ’90 n o 115
2d, guar., J. & J .-.........
Bell’s Gap—1st, 7s, 1893. 108
Third Av. —S t o c k ] ] ] ]
100 2,000,000 Q.—F. 4 Nov., ’ 83 275 280
2d, guar. byW.Co.,J.&J.
1st, 6s, 1905..............
ls t m o r t ...............
1,000 2,000,000 J. & J. 7 Jan.. ’90 n o
6s, 3d, guar,. J. & J ......
113
Consol.,
6s,
1913_
_
___
Twenty-third St.—Stock]
100- 600,000 F.& A. 4 Aug., ’83 160 165
Wilm. C, & A:ig.—6s-......
Buff. N.Y.& Phil.—1st,6s
1st mort...................
1,000
250,000 M.&N. 7 May, ’93 n o 113
Wil. & Weiuon—Gold, 7s
: 2d, 7s, 1 9 0 8 ... ......... .
* ™ 9 column shows last dividend on stocks, but date of maturity of uonds.
t In default.
§ Ex-rights.
t Per share.
' Ex-divideñd.
Bank Stock L ist.
THE CHRONICLE
560
R A IL R O A D
[V ol. X X X V IL
New York City Banks.— The following statement shows the
EAR NIN G S.
o f the Associated Banks of New York City for the
The latest railroad earnings and the totals from Jan. 1 to condition
week ending- at the commencement of business on Nov. 17:
latest date are given below. The statement includes the gross
Average amov/nt of—
earnings of all railroads from which returns can be obtained.
Banks.
Latest E arnings Reported.
1loads.
Week or Mo
T883.
1882.
Jan. 1 to Latest Date.
1883.
1882.
Sew York.......
Manhattan Co.
$
Merchants........
663,887 Mechanics’ .......
845,063
Ala.Gt.Southern O cto b er. . .
112,147
8*714
Atch.Top.& S.Fe September 1,203,258 1,329,113 10,309,187 10,535,127 Union............. .
America............
268,353 241,424
Buff.N .Y.& Phil. September
Phoenix.............
Bur.Ced.R.&No. 2d w k N ov.
71,617
65,093 2,423,687 2,411,109 City...................
2,150,493
4,709,920
129.000
66,000
2d
w
kN
ov,
Canad’n Pacific.
Tradesmen’s....
171,800 165,914 1,594,300 1,458,449 Pulton.......... .
Central o f G a ... J u ly ..........
956,576 Chemical.......
130,841
108,464 1,045,622
Central Iow a — O cto b e r..
E x..
Central Pacific. O cto b e r... 2,503,000 2,424,529 20,677,341 21,503,150 Merchants’
Gallatin Nat__
2,920,660
3,398,158
156,104
139,771
Chesap. & Oliio 2 w k sN ov
Butchers’* D r..
209,200 200,574 7,618,656 7,140,965 Mechanics’ & Tr
Chicago <&Alton 2 d w k N o v
Chic. Bur. & Q .. September 2,909,165 2,186,400 18,634,197 15,053,879 Greenwich...
38,099
36,550 1,449,59" 1,562,141 Leather Man’f ’s
Chic. & East. Ill 2d w k N o v .
59,380
53,318 2,496.039 1,865,149 Seventh Ward..
Chic.& Gr .Trunk Wk N ov.10
o f N .Y ...
Chic. Mil.&St. P 2 d w k N o v . 548.000 477,481 20,229,000 17,319,997 State
American Exch 5,000.0001 12,763,000
Chic. & Northw. 2d wk Nov. 538.400 446,800 21,916,317 21,042,609 Commerce......? 5.000.
000
16,292,100
Ch.St.P.Min.&O. 2d w kN ov. 134,100 125,700 4,741,621 4,342,946 Broadway........ 1.000.000 5.962.100
30,164
28,608
Mercantile....... I-,000.000 6.050.200
Chic. & W .M ich. 2d w k N ov .
422.7Ó0 2,308,¿00
55,532 1,902,660 1,968,325 Pacific..............
57,866
CttnJnd.St.L.&C. Istw k O ct.
260,673 240,384 2,126,564 2,115,494 Republic......... 1.500.000 4.232.000
Cincinnati South O c to b e r...
450.000 8.940.000
.... ..
33,714
35,640 1,634,275 1,530,299 Chatham.
Cin. Wash.& Balt 2 d w k N ov .
200.000
1.485.700
443,400 People’s..........
469,289
9.545
10,225
CJlev.Akron& Col 2 d w k Nov.
700.000 3.101.700
North America
3,162,337
3,051,076
405,246
452,246
September
1,
000,000
Cler.Col.C.& Ind
9.741.500
Hanover.........
24,634
32,712
500.000 3.016.000
Irving..........
Connotton Y a l.. September
110,244 Metropolitan.. 3.000.
000
11.566.000
120,450
19,974
22,648
Danhury & N or. J u ly ..........
600.000
2.478.000
5,762,499
Citizens’ ..........
D env. & R io Gr. 3d w k N ov 126.400 115,200 5,836,750
500.000 2.486.700
Nassau............
775,600
26,800
3d
w
k
Nov
Denv.& R.Gr.W.
500.000 2.746.200
301,832 Market............
293,038
9,184
7.770
Des M o.& F t. D. 2d w kN ov.
500.00C 2.622.400
St. Nicholas....
30,424
30,746 1,408,744 1,387,727 Shoe & Leather.
B et. Lan. & No.. 2d w k Nov.
500.000 3.805.000
938,598 Corn Exchange. 1.000.000 4.710.100
923.4S5
26.484
26,206
Dub. & Sioux C. 1st w k Nov
E a ste r n ............. 3 wks Oct. 230,548 222,685 2,971,337 2,796,813 Continental...... 1,000.0001 6.105.200
300.00C 2.085.700
E.Tenn.Va.&Ga. 2 wks N ov. 194,080 155.655 3,545,396 2,804,934 Oriental......*...
400.000 3.971.000
443,985 Marine.............
630,313
29.395
22,943
Eliz. Lex. & B.S. 2 wks Nov.
& Tr. 1.500.000 19,143,200
636,561 ' 757,832 Importers’
14,930
13,714
E vansv. & T. H. 2 d w k N ov .
17.002.300
2
.000.000
Park ................
1,841,777
2,220,340
55.135
45,149
Flint & P. Marcj. 2d wk Nov.
500.000 *1,823,900
St..............
340,243 Wall
354,623
11,572
10,113
240.000 1.310.000
Flor. Cent. & W. Istw k Nov
North River. ...
342,114 Bast R iver.......
14,545
414,478
250,600 1.130.900
12,586
Flor. Tr. & P en . ls t w k N ov
12,000
Fourth Nat’nal., 3.200.000 15.731.000
6,600
s F t.W .& Denver 2 d w k Nov.
7.784.000
,
000,000
2
Central
Nat.......
14,302,463
15,275,263
385,227
375.369
Grand Trunk.... Wk Nov.10
300.000 8.445.000
331,592 Second Nation’l
10,760
10,006 . 349,453
Gr.BayW.&St.P 2 d w k Nov.
750.000 5.426.500
Ninth
National.
1,142,869
1,691,892
263,436
227,506
Gulf Col ASan.Fe O cto b e r...
500.000 13.H00.0001
First National..
49,842
63,681 2,145,244 1,954,238 Third National. 1, 000,000 4.894.500
H annibal* St. Jo ls t w k Nov
215,452 N.Y. Nat. Exch.
266,332
37,429
24,097
300.000 1.451.000
Hous.E.&W.Tex O cto b e r...
250.000 1.956.500
Illinois Cen. (111. 2dw kN ov. 170,669 143,020 5,925,677 6,089,305 Bowery Nat’nal.
200.000 1.775.100
1,697,752
N.
York
County.
1,730,810
42,784
54,145
Do
(Iowa) 2 d w k Nov,
750.000 2,545.600
136,721
129,923 3,548,523 2,992,398 Qerm’n Am’c’n..
D o So. Div. 2d wkNov,
300.000 3.643.200
Chase
National
2,300,600
2,610,409
54,764
59,174
Ind.Bloom .& W. 2d w k N ov
100.000 2.242.400
Fifth Avenue..
45,445
38,235
1.938.900
K.C.Ft. S. & Gulf 3d wk Oct
200,000
German Exch.
200,000 2.010.400
32,140
30,107
Germania........
K entucky Cent. wks N ov
500.000 4.545.200
904,546 U. S .'N at.......
159,725 146,451 1,201,405
K . C. Law. & So. September
300.000 2,364,610
Lincoln N at....
27,918
28,886
L. Erie & West’n 2d wk Nov.
825,900
200.000
420,384
363,696 Garfield N at...
62,500
64,328
L .R . &Ft.Smitb O cto b e r...
150,000 1,027,800
Filth
National.
220,044
55,207
311,488
39,687
L.Rk.M .Riv. & T. O ctober....
315,021,700 15,447,100
43,614 2,453,664 2,245,69L
45,149
61.312,700 323.620.300
L ong Island___ 2d wkNov,
Total...
423,600
318,300
70.200
65,400
La. & Mo. River. August___
Tbe deviations from returns of previous week are as follows:
295,110 272,625 12,185,585 10,795,098
Louisv.A Nashv. 2 d w k N ov
72.000
Louis.Ev.&St.L. September
Loans and discounts....Inc. *1.675,400 I Net deposits. ................Inc. *4,428.000
17.545
28,128
Specie .......................... Inc. 1,730.800 Circulation..................... Inc.
37,600
Mar.Hougfi.& O 2d w kN ov
916,614 Legal tenders....... , ....... Inc. 1,308,800 !
82,624
69,8“ ' 1,090,194
Memp. & Chari, 2 wks N ov
1,291,535
31,702
M exican C ent.. 3d w k Oct
The following are the totals for three weeks:
14,192
248,73“
D o No.Div 4th w k Oct
Loans.
Specie. L. lenders. Deposits. Circulation. Ago.Olear.
8,100
Mex.Nat.,No.D§ 2d w k Nov.
11.200
Southern Div§ 2d w kN ov.
Nn|83‘3 323 554600 53,352.600 25.181.600 307.386.900 15.417.300 817,996.284
24,060
890,538
751,639
“
10
"32i:e44:900
54;i95:900
25,193.300 310,i93,700 15,409.500 «32.487,973
18,276
2d
w
kN
ov.
M il.L.Sh.&W esi
“ 17... .323,620,300 55,926,500 26,502,100 315,021,700 15,447,100 748,094,028
137.027 138,412 1,166,438 1,059,646
M inn.& St. Louis September
31,328,905
839,789
803,298
26,735,437
M o.Pac.,all lines 2 d w k Nov.
Boston Banks.— Following are the totals of the Boston bankas
250.313 267,674 1,688,843 1,577.149
M obile & ’O hio.. O ctob er. . .
201,320 201,712 1,913,234 1,749,513
Loans.
Specie. L. Tenders. Deposits.* Circulation. Agg.Clear
Nash.Ch.&St.L, O ctob er. . .
N.Y.L.E.&West, August___ 2,580,956 1,843,144 14,859,875 12,994,017
Nnv83"5
*44833000 6,078,800 5,471,300 96.381.700 27,027,330 77.604.702
346,239 297,030
N. Y.& N . E ngl’o O cto b e r. . .
N
<
^*
if.::::::.
145^72,100
« f e o o 5,283>0 98,588,600 27.146,000 71.721,449
749,006
90.6S5
513,220
65,801
N. Y . Susq. & W September
»• 19........ 146,847,100 6,195,400 5,9-73,500 9.,949,400 27,155,100 75.464,635
91,754]
N orfolk & West 13 dys Nov 109,150
49,133
393,471
757,617
34.757
Shenandoah Y 19 dys Nov
Philadelphia Banks.— The totals of the Philadelphia banks
545,727 557,558 4,552,137 4,255,773
Northern Cent. September
'
/-J l
Northern Paci lie 2d w kN ov. 296,400 195,336 8,558,108 6,081,104 are as follows:
Loans. Lawful Money. Deposits.* Circulation. Agg. Clear.
72,200
73,090
Ogdensb.&L.Ch, September
1883
s
$
#
948,025
912,720
21,313
25,047
Ohio Central___ 2d w kN ov.
5 ..... ... 77,190.690 19,014,552 69,623.948 9,269,717 54,734,467
363,115
327,745
7,921
8,489
Ohio Southern.. 2d w kN ov.
“ 12' . ....... 76.676.221 19,798.885 69,902,151 9.245,242 49.547,446
710,569
106,300
«, 19.'. ....... 76.716,516 19.573,015 70,594,189 9,278,332 55,533.482
Oregon & C a l... September
382,242 33Ô’,307 2,970,364 2,379,833
Oregon Im p. Co. September
* Including the item “ due to other banks.”
92,271 4,823,764 4,485,887
Oregon R.&N.Co 2d w kN ov. 145,807
Unlisted Securities.— Following are quoted at 38 New Street:
Pennsylvania .. September 4,634,998 4,417,602 37,893,907 35,888,778
B id . Asked.
B id. Asked
624,441
674,641
11,112
14,487
P eo. Dec. & Eve. 2d w kN ov.
Missouri Pac., old st’k —
Philadelp.&Erie September 386,274 386,455 3,042,434 2.909,154 Am. R ailw ’y Imp. C o 7
Cow
dry
Certfs.........
4
2
4
k
20,816,204
15,552,965
..........
E
x
bonds
and
stock
3,333,217
2,019,017
September
Phila. & Read.*
72
N .Y. Mut. U. Tel. st’k. . . . .
D o C. & Iron September 1,861,194 1,469,315 12,338,853 10,779,247 Atl. & P a c —6s, 1st..............
N.Y.
W.Sk.&Buff.—Stk
2,978,062
3,146,808
429,834
Bost.H.cfc
E,—New
st’k
7e
421,766
B iohm .& D anv.. O ctob er. . .
del.wh.iss.on old sub ----668,422
589,178
Ch’ICol.&Aug. O ctob er. ..
98,205
99,125
O ld .....'......................
*8
5 s ____ _____________ 7413
602,192
592,507 Buff. N. Y . & P hila.............
Columb. & Gr. O ctob er. . . I 86,247 113,806
W.S.ree. fo r st’k iss’d
176,167, 167,017 1,413,266 1,244,526 Cbio & Atl.—Stk...................
Va. M idland.. O ctob er. . .
23
by N. R. Const. C o. . . . .
25
do
beneficiary
s
t
k
..
18
312,121
200,510
44,006
26,897
W est No. Car. O ctob er. ..
W .S.stk del. when is’d
18,800
1st m ort..............................
6,496
B och . & Pitteb’g 2 d w k Nov".
24k
on
W
in.L.&Co.cert
22
3Î
Chic. & Can. South, 1st ----172,848 175,711
R om e Wat. & Cl I September
85k
North Pac. div. bonds. 84ia
141,638
132,450 Commero’lT eleg ’mCo. . . . .
26,187
24,679
Bt.Johnsb.& L.C J u l y ...—
No.Rlv.Const.—lOOp.cr
78ia
34,510 1,194,659 1,245,705
St. L .A lt. & T.H 2d w kN ov.
27,699
P ref.............. 123
N. J. S o u t h e r n ...:........... .
714,954
758,541 Contin’ t’lCons.Im p.G6 . . . .
15,654
19,570
D o (brclis.; 2d w kN ov.
Incom es..................
*8
do
do
85 p .o.........
336,257
319,261
St.Louis & Cairo 1st w k N ov
9,956
9,809
California P acific.......
3
414 Ohio C.—R iv. D iv. 1st. 32ia 33
fit. L. Ft. S .& W O ctob er...
135,398
6k
Incom
es.....................
5
k
Bt.L.&San Fran 2d w kN ov.
72,875 3,265,313 3,062,476 * 1st m ort................... 103
93,498
18
Pensac. & A tl.............. 10
2d, gtd b y Cen. P ac. 102
947,529
29,760 1,165,986
35,974
Bt. Paul & Dul. 2d w kN ov.
80
1st
m
ort
...................
75
Bt. P. Minn.& M. 2d w kN ov. 195,296 181,413 7,239,951 7,505,406 Den.& R .G .R ’y —Cons. . - ..
25
7514 Pitts. & W estern......... 15
6 9 2 ,S 0 3 i
664,478
Sabs.........
Bo. Pac.Cal. N.D J u ly........... 130,645 1 3 0 , 5 7 0
87.5s
1st m ort....... . — . . . 86
D o So. Div. J J u ly ........... 301,685 287.358 2,430,693 2,270,641 Denver Rio. G. & W est ----2k
Pul.
Pal.Car
Co.
rights
----69Ìi
1st
m
o
rt..
.
.
.
.
.
.
.
.
.
.
.
6838
1,608,705
192,510
1,476,095
Ju
ly
...........
234,426
D o Arizona j.
Roch.&Pitts. cons.,1st ----405,489 Edison Elec. L igh t.. . . 145
66,553
466,787
48,906
D o N. M e x l. Ju ly ..........
12
"
St.
Jo.
&
W
est..............
7
lO
O
"
400,587
S
u
b
s
..........
.
55
411,723
September
61,736
Scioto V a lle y ...
54,650
82ia Tex.&Col.Im p.—6 0 p .c 97ia
847,964 Ga. Pac. R ’y-, le t m .. 80*2
926,984
132.821 121.359
Bouth Carolina. September
e
x
-b
d
..................................
iók
I.
B.
&
W.
ine.
b
d
s.........
.
128.000
Tol. Cin. & St. L. O cto b e r. ..
6
3k
8 k Tex. & S t. L , ................
U nion P a cific... September 2,994,076 3,170,316 21,551,288 21,983',498 K eely M o to r ................ «
55
1st m ort.,M .& A.div. 50
87
857,873 1,122,279 L & N.col.trust bds ’82 8 6 k
111.270
Utah C en tral. .. September
104,768
46
Texas
Pac.
old
sc
r
ip
..
39
781a
2d mort. N. Or. D iv.. 75
404,706 j 354,858
50,907
65,102
V icksb’r g * Mer. O cto b e r. . .
39 N ew ....................
36ia
20
W ab.S t.L .& P ... 2d w kN ov. 391,317 331,064 14,592,905 14,588,546 Lehigh & Wilkesb. Co. 12
2k
414 Tol. Cin. & St. L ouis.. I k
932,919
884,485 Mexican. Nat...............
2 78
105,583
WeBt J e r s e y ___ Septem ber 110,931
25
20
30ia
1st
m
ort.....................
29
1,195,238
W isconsin Cent. 4th w k Oct
61,250
<2
6
Incom es
M exican Bonds—3 p.o. . . . .
130
127
W oodhouse----- . . . .
*2
* Since June 1st in 1883 includes earnings o f Cent. R R . o f N ew Jersey, Mich.&O.—Subs.85p.c
6
Vicksb’ g & Meridian.... 353
----- 100
W isconsin C entral. . . . 17
t Exclusive of transportation o f com pany freight.
M.U.St’kTrust C erts.. . . . .
...
80
10
Mahoning Coal & R R . 5
t Included in Central P acific earnings above.
90
, 80
4214
M. K. &. T. ino. scrip. 41
(M e x ica n currency.
$
N ovem ber
THE CHRONICLE.
24, 1883.]
ARB
R A I L R O A D
IM T E L IilG E H C E .
T h e I nvestors ’ S upplement contains a com plete exh ib it o f the
F unded Debt o f States and Cities and o f the Stocks and B onds
o f R ailroads and other Com panies. I t is p u b lish ed on the
last Saturday o f every other month —v iz., F eb ru a ry , A p ril,
June, A ugust, October and D ecem berf and is fu rn ish ed w ith
out extra charge to a ll regu la r subscribers o f the Chronicle .
S ingle copies are sold at $1 p e r copy.
T he R ailroad S ituation .— Railroad earnings have kept np
remarkably well, and the effect Of this has unquestionably
been felt in giving steadiness to prices.
The movement in
cotton at the South and in breadstuffs at the W est has been
heavy, and it is reasonably questioned whether there is not
likely to be a decrease later in the season on the freights
derived from these sources.
The great value of the railroad reports of net earnings is well
shown at a period like the present.
There has been serious
depression in the stock market during the past two months, and
the public eagerly grasps for every jot of definite information
whiqh the railroad managers will accord them.
The monthly
reports of net earnings published now by a number of the prin*
cipal railroad companies are really of great value ; they furnish
the only satisfactory information of the business of the respective
roads during the year that elapses between the publication of
one annual report and another.
The great usefulness of these
reports furnishes the best argument that can be made for the
publication of net earnings by all companies whose stock8
are sold at the Stock Exchanges, and particularly by those
companies that already go so far as to publish their gross
earnings. The officers of these companies virtualiy admit the
importance of giving out reports of something ; and Since they
admit this, why not give reports that, are useful, instead of
limiting their virtue to the publication of the returns of gross
earnings, which, standing alone, often mislead rather than
inform the stockholder.
Instances are never wanting to enforce the soundness of the
above remarks, and at the present time the Chicago Mil
waukee & St. Paul Railroad is a notable case.
The company
has been reporting gross earnings which appear to be abnor
mally large, and which must certainly be up to, if not beyond*
the most sanguine expectations of the friends of the company.
And yet, in the face of these reports of gross earnings, the
stock has declined and sold at the lowest point reached in three
years.
It is true that the lowest point touched was made in a
period of temporary but severe depression in the stock market,
hut this can hot account for the continued low prices of the
stock, nor can the threatening of a rupture in the Iowa pool.
The truth must be that the investing public believes the net
earnings of St. Paul must be relatively smaller than the gross
earnings.
In other words, if the single fact were announced
to-day that the percentage of operating expenses to gross
earnings on this road were no greater than in 1882 or 1881,
this fact should be worth 5 to 10 per cent on the price of the
stock within a week’s time.
The St. Paul road is merely selected as a pertinent example
at the moment, and many other companies could as well be
pointed out in which a correct report of their net earnings at cer
tain periods would be of infinite value to their stockholdersIndeed, we have this week from two prominent railroads their
returns of gross and net receipts, which are of special interest.
The Union Pacific report shows a decrease in earnings, partly
in consequence of a decline in net receipts from Colorado busi
ness and partly from the fact, which has been too little noticed,
that the net earnings in August and September last year were
immense.
The steadiness of the company in publishing its re
turns, although they are for the time being less favorable, is
worthy of commendation, and such action will always inspire
confidence in the managers of a road.
Stockholders will be
more willing to retain their stock in a company where they feel
sure of getting the facts promptly, whether those facts are
good or bad. The East Tennessee Virginia & Georgia report of
net earnings for four months of its fiscal year is also published,
and makes a handsome exhibit.
The great corporations which now furnish to their stock
holders monthly reports of the net receipts embrace the Atchi
son Topeka & Santa Fe, Burlington Cedar Rapids & Northern,
Chesapeake & Ohio, Chicago Burlington & Quincy, Louisville &
Nashville, Mobile & Ohio, Nashville Chattanooga & St. Louis,
561
New York Lake Erie & Western, Oregon Railway & Naviga
tion Co., Norfolk & Western, Pennsylvania Railroad, Philadel
phia & Reading, Union Pacific, and several minor roads.
W ill the other great companies fall into line, or will they con
tinue to be less gracious to their minority stockholders than
tho^e above named.
ANNUAL r e p o r t s .
Oregon Railway & Navigation Company.
(For the yea r ending June 30,1883.)
The annual report has just been issued. Mr. Villard the
President, remarks: “ The fourth year of our corporate exist
ence, like its predecessors, has been very satisfactory in its gen
eral results. It brought some disappointments, but, taken as a
whole, it is marked by decided general progress.” * * *
|
the close of the fiscal year 1881-82 there was every indication
that the wheat crop of Eastern Oregon and Washington would
be larger by 25 per cent than that of the preceding season.
But it turned out that a period of protracted drouth and uaunusual heat injured the spring-sown wheat so seriously that,
instead of the expected 130,000 tons, we carried less than
60,000 tons of wheat and flour down the Columbia to market.
The effect was that our gross earnings were fully 10 per cent,
and our net earnings 15 per cent, less than expected.” * * * “ Im
migration to the North Pacific coast regions by our own lines of
steamers and those of the allied companies was larger by 18
per cent, and of a much better class, than ever before. Busi
ness of every kind showed greatly increased activity. Thetd
was not a town, village, hamlet or single farm in all Oregon or
Washington that did not feel the appreciation of real estate
and of almost every other property.”
As to the Union Pacific, it is stated that a formal contract
was made with that company, bearing date of February 23,1883,
“ under the terms of-w hich the point of junction of the two
systems will be within a short distance of the eastern boundary
of Oregon, and the entire Oregon and Washington Territory
traffic from and to the Union Pacific and its extension, the Ore
gon Short Line, will pass over our Baker City branch and main
line. Both contracting parties are using the utmost exertions
to carry the agreement into practical effect by the completion
of their respective lines to the point of junction.”
For the purposes of new construction $6,000,000 of new stock
was subscribed for by the stockholders of record on Dee. 131
1882.
,
*
“ The total expenditures on construction and equipment ac
count from July 1, 1882, to July 1, 1883, were :
Railroad D ivision ................................ .............. ................1..........«4 485 317
Ocean D iv ision ...............
’23 4’925
55’238
R iver D ivision..... ...........
Puget Sound D iv isio n .....................f .................. 2 2 l ’796
$4,997,276
“ The receipts from subscriptions for new stock during the year
were:
From balance of subscriptions fo r stock issued in accordance
with v ote o f stockholders Dec. 2 0 ,1 8 8 1 .......................
$1,617,930
From receipts to July 1 ,1 8 8 3 . for subscriptons to new stock
'to be issued in accordance w ith vote o f stockholders Dec. 9,
1882 .............................. ....................................... ....................... 3,800,283
From sale of real estate, being the proceeds o f the sale o f our
terminal grounds and the im provements thereon to the
Northern Pacific Terminal Company, as set forth in another
834:227
part of this report...................... ........ ...........................................
(Of this am ount $286,516 appears in the receipts from safe
of real estate, while $547,711, the amount received, fo r bet
terments, was credited to construction.)
Add surplus profits for fiscal year ending June 3 0 ,1 8 8 3 .........
226,284
Total means fo r construction purposes fo r the year ending
July 1 ,1 8 8 3 .............................................. ........ ...........................-T$6,478,724
“ Subsequently to the presentation of the last annual report, it
was decided, in order to meet the Oregon exteLsion of the Union
Pacific, to extend the Baker City branch about fifty miles fur
ther east than was then contemplated. This extension, to
gether with the necessity of reducing the grades and curva
tures on the Mountain Division of the line, with reference to
the heavier traffic assured by the connection with the Union
Pacific system, and further, the great amount of rock work en
countered in the same division, will add to the cost of the line
about $1,800,000,
As nearly as can be estimated, there w ill be required for the
completion o f the Baker City and Pendleton and Walla
Walla branches, from June 30,1-883, about.............................$4,000,000
There remains to be paid on account of the Puget Sound
b o a t s .. ......................................................’ ........... . . . . ....................
214,000
Requirements fo r construction fo r n ex t fiscal y e a r ,..................$4,214,000
“ The means in hand available June 30, 1883, for the comple
tion of the company’s lines amount to about $3,314,000, leaving
a deficiency of $900,000 to be provided for. As no portion o f
this will be required before midsummer, 1884, your board deem
it best to await the result of the company’s traffic during the
ensuing half-year before presenting any plan for meeting the
requirement.
“ The mileage operated on the Ocean, Puget Sound and River
Lines remains the same as the year before. To the railroad
mileage the following additions have beeen made during the
year, viz.:
Portland to B onneville.............................................................. ............
Umatilla to Mikecha. . . ..........................-■......................... .
On W alla W alia and Pendleton B ranch. .................................... .
Total.
40 '9
78-0
6 -0
124-6
THE CHRONICLE.
562
__mairing the total railroad m ileage operated June 3 0 ,1 8 8 3 , as follow s :
Standard guage................................. .i ......................... .................. 462 miles
¿farrow gauge (leasedlines) . . —
......... ................. . . . . . . 150 miles
T o ta l......... v................ .............................................. 612 miles
— making the grand total mileage operated b y the com pany on land and
w ater 2,187 miles.”
*
*
* •
*
*
*
“ The completion of the Northern Pacific main line and of
the Oregon Short Line will work great changes in the course
of our traffic. As far as the former road is concerned, the
changes have already commenced. In the case of the latter
they will come about later. Their nature and extent will be
governed by the provisions of the contract of Feb. 23,1883,
between the Northern Pacific, the Oregon Short Line (Union
Pacific) and the Oregon Railway and Navigation Companies.
Our superintendent of traffic has made a careful study of the
practical effect under these provisions of the opening of our
two transcontinental connections, and believes that the change
in the currents of traffic that will result therefrom will give
a very considerable increase of earnings to this company.” * *
“ Every effort is being made to complete the Baker City
Branch to a connection with the Oregon Short Line at the
earliest practicable moment. There are now finished seventyeight miles of the line, including by far the heaviest portion
of the work. Sixty-five miles are open to traffic. The total
expense on the Baker City Branch during the year was
$2,018,735, which includes rails for the entire distance.”
The following statistics for three years have been compiled
for the C ommercial and F inancial C hronicle :
1881-82.
£37
150
1882-83.
462
150
250
487
T ota l operated . . . . . . . . . . . . . . .
51
55
XiOcom otives.............................
34
26
Passenger, m ail and express cars.
1,240
1,286
F reigh t and other c a r s .........
ND FISCAL RESULTS.
.1 8 8 1 -8 2 .
1880-81.
Operations—
167,787
274,318
■^Passengers carried . . . . . . . . ----------
612
69
39
1,550
Miles owned.
M iles le a s e d .
Passenger mileage..............
23,639,564
Bate per passenger per mile. .•.......
3-17 cts.
623,025
Freight (tons) m oved.....................
Freight (tons) mileage....................140,384,055
Average rate per ton per mile____
1*98 cts.
OPERATIONS AND FISCAL RESULTS.
1880-81.
1881-82.
1882-83.
Total miles op era ted ............ ........... J
68
68
68s
Operations—
Passengers-carried......... ................... 3,802,405
4,128,299 4,923,426
Passenger m ileage................................42,191,736 46,344,791 51,399,499
Freight (tons) m o v e d ........................
660,290
718,500
7 3 5 ,6 5 0
Earnvngs—
$
$
S'
r
P assen g er................................
822,752
910,763
968,847
F re ig h t..................................................
533,956
605,221
62 6,63 0
62,605
68,855
73,651
Mail, express, & c............ ...................
E arnings—
$
1,584,839
1,138,491
94,018
1,669,134
1,231,881
91,674
T otal......... ................. .................... 1,023,910
Net earnings........................................
395,403
INCOME ACCOUNT.
1880-81.
Receipts—
Net earnings......................... .............. ' 395,403
Disbursements—
$
Interest on d eb t............................
28,712
D ividends.............................................
320,000
Kate of dividend.................................
(8)
1,232,509
352,330
1,323^5534 5,57 9
1881-82.
$
352,330
1882-83.
$
345,579
$
15,689:
320,000
(8)
1882-83.
361.758
$
$
755,739
2,781,350
193,156
1,084,568 -1,320,035
3,675,175
3,408,179
188,237
372,298
1 Total gross earnings . . . . . . . . . .
Operat’g expenses (im^’d’gtaxes).
3,730,245
2,063,384
4,947,980
2,612,541
5,100,512
2,706,466
1,666,861
2,335,439
2,394,046
1880-81.
$
1,666,861
241,499.
1881-82.
$
2,335,439
180,725
1882-82.
$
2,394,046
95,167
Total incom e...............................
Disbursements—
K en talspaid .....................................
Interest on debt...........................
D ividen d s...........................................
Kate o f dividend...............................
M iscellaneous...............
1,908,360
2,516,164
2,489,213
112,760
444,743
1,296,000
13,600
145,429
444,270
1,584,000
(9).
79,230
Total disbursem ents. ..............
Balance, surplus.................
1,104,906
803,454
1.867,103
'649,061
2,252,929
*226,284
Net earnin gs................
T otal gross earnings................... 1,419,313
Operating expenses............ .............
934,273
T axes....... ............................................
89,637
38,790,085 41,847,774
2-79 cts.
3'15 cts.
691,154
690,639
............ 167,667,870
___. , . ,
2-01 cts.
Passenger........ .......................
Freight................. ............. ............
MailTexpress, &c.........................
income account .
Receipts—
N et earnings......................................
Other receipts....................................
399,733
638,000
(8)
67,173
(8)
* Adding bonds retired b y sinking fund during the year makes sur
p lu s $ 63,000 larger than here given.
GENERAL BALANCE AT CLOSE OF EACH FISCAL TEAR.
1880-81.
1881-82.
1882-83
Assets—
$
- $
Construction and equipment......... 15,984,240 23,166,451 28,163,728
476,637
190,121
Keal estate........ ......................t___
20l,O77
445,710
445,710
Stocks owned, cost........................ .
445,710
§
Bonds owned, cost..........................
lo a n s and discounts.....................
Bills receivable ...............................
Materials, fuel, &c 1.........................
Cash on hand........
. Insurance and renewal fu n d ........
Sinking fu n d .......... .......................
Balances of operating accounts...
Oregon Steam Navigation........ .
1,103
1,401,690
10,500
107,142
958,112
97,817
12,692
949,496
116,273
200,000
200,000
17,iÖd
372,735
143,925
151,816
14,978
1,295,140
52,694
693,210
242,490
215,865
17,976
2,386,457
Total assets.............................. 20,285,852 26,284,492 32,608,251
Inabilities—
$
$
$
Stock, common................. ; ............. 12,000,000 16,200,000 21,800,283
900,000
1, 200,000 1, 200,000
Scrip certificates.
5,911,000
7,500
26,885
77,684
754,430
608,353
5,851,000
181,444
26,000
173,303
843,299
1,809,446
5,788,000
397,28“"
26,000
268,932
863,893
2,263,856
T otal liabilities. . ........................ 20,285,852
26,284,492
32,608,251
F unded debt (see Supplement ) ..
Bills p ay able...............................
M iscellaneous................. . . . . ___ _
insurance and renewal fu n d .......
U npaid vouchers and pay-rolls...
P rofit and loss............................. .
Boston & Providence Railroad.
(F or the year ending Sept. 30, 1883.)
The annual report sa y s:
“ Two dividends of 4 per cent each, clear of taxes, have been
earned and declared. The dividends on investments in the
Union Freight Railway and the preferred stock of the Provi
dence Warren & Bristol Railroad have been credited to in
terest account. The balance charged to this account is much
less than it is likely to be hereafter, several deferred dividends
on the Providence- Warren & Bristol pref. shares, amounting to
$17,172, having been received.. The calls on this short line for
improvements indicate that similar dividends cannot be expected
in the future.”
*
*
XXXVII.
It w as stated in last year’s report that on the 18th of September, 1882, a hearing was given to petitioners for lower faresbe tween Boston and the suburban stations. On the 1st of Jan- '
ua ry, a marked reduction was made on short travel from Bos
ton and from Providence, and a modification of rates was made
ov er the entire line. This measure, entered into after thought
ful deliberation, has .undoubtedly led to large increase of
travel. It was to be expected that the expenses incident to so
radical a change would be very great, owing to the rolling stock
required and additional service of every kind. That the in
creased expenses have been offset by the receipt^, in the firstsyear of the_experiment, is a most welcome result;”
The earniDgs and expenses, and the disposition of income,
together with the general balance, were as follows for threeyears :
r o a d and equipm ent .
1880-81.
250
[Y ol.
12 ,816 .
320,000
(«Ì
-Total disbursements.................
348,712.'
342,816
335,689
Balance, surplus.................................
46,691
9,514
9 ,8 9 0
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
1880-81.
1881-82.
1882-83.
jA.sscfs~~“ ~
RR ., buildings, equipment, & c......... 4,896,174
4,896,174
4,896,174
Stocks owned, cost.............................
231,269
231,269
231,38i>
143,136
250,863
187,509Bills and accounts r e ce iv a b le .........
Materials, fuel, & c...........' . ................
144,842
129,543
136,765
Cask and c a s h fd n d s ......................
111,463
36,305
38,663
T otal............................................. 5,526,884
Liabilities—
Stock, com m on................. ................ 4,000,000
860,000
Bonds and notes (see Su pplem ent )
71,848
All otber dues and a ccou n ts...........
164,484
D ividen d s...........................................
430,552
Profit and lo s s .......................... ........ .
5,544,154
5,490,487
4,000,000
.. 860,000
80,982
163,106
4.40,066
4,000,000
860,000
54,946163,084
412,457
5,526,884
5,544,154
5,490,487
Total liabilities...........................
GENERAL INVESTMENT NEWS.
Canadian Pacific.— The following notice has been published
under date of November 21 s
‘ Notice is hereby given that thirty days after date the
Canadian Pacific Railway Company will issue the balance of ita
authorized capital stock, amounting to $45,000,000. This issue
will be made in pursuance of an agreement entered into on the
10th day of November, 1883, by and between the Government;
of the Dominion of Canada, the Bank of Montreal (trustee), and,
the Canadian Pacific Railway Company, whereby a guaranteed
minimum dividend of 3 per cent per annum, for ten years, ia
granted by the said Government on the entire capital stock o f
the railway company, amounting, when this notice expires, to$100,000,000.
Thirty-five million dollars of the $45,000,000
now about to be issued will remain on deposit with the Govern
ment, and will be withdrawn by the Railway Company only
when and as the requirements in connection with the completion
o f the railway call for it.”
G eorge S t e p h e n , Presidents
A cable dispatch from London to the Toronto Globe says 4
“ It is officially announced that the agreement between the
Canadian Pacific Railway Company and the Canada North
west Land Company has been modified by mutual consent.
The original agreement was that the Canada Northwest Land
Company should purchase, at a rate agreed upon, 5,000,000
acres of the Canadian Pacific lands. The Land Company has
already acquired 1,500,000 acres, and the change made is that
the Land Company instead of having to purchase 3,500,000
other acres, is to be released from its liability in respect o f ;
2 500 000 acres, and is to be bound to purchase only 1,000,000
acres* in addition to that already acquired. The Land Company
is also to have the option to complete the purchase of the
original quantity within two years from the present date.
It
is understood that the first purchase will be completed without
any further call on the shares.
Central Io w a .— The Boston H erald reports : “ President I.
M Cate of the Central Iowa road has resigned, and insists
upon the acceptance, which will probably be accorded him,
iudging from a letter written by him to Directer Russell Sage,
m which very plain and forcible English is used. The text o f
the letter is not at hand, but one who has seen it says M r,
Cate’s chief grievance was the settlement made by a prominent
Boston party for Alfred Sully, the contractor for building the
eastern division, so called, in which it is alleged that $180,000
was given to the contractor that ought not to have been. Mr.
1Sully is likewise a director of the road. The settlement was.
24, 1883.]
N ovem ber
THE CHRONICLE.
made, President Cate says, in opposition to his verbal and
written statements, and was so repugnant to his judgment that
he could no longer serve as chief executive. It was originally
¡agreed that the eastern division should be completed Aug.
31, 1883, and that the contractor should pay the interest
on the bonds to Dee. 31,1882, and, for a certain consideration,
for a year longer. It appears that he has in some way been
relieved of this, and that the company has to pay the coupons,
diverting therefor money which might otherwise have gone to
thé holders of the coupon debt, etc., of the old road. If what
the President alleges is true, there would seem to be a chance
for an investigation in the Iowa courts.”
Chicago Milwaukee & St. P a u l.— At Milwaukee, Wis.
N ov. 16, Commissioner Midgely- received notice of the with
drawal of the Chicago Milwaukee & St. Paul Company from
the Iowa Trunk Line Association. The only explanation offered
was that they were not satisfied with the arrangement. The
association is composed of five lines,—the Chicago Burlingtond
'Quincy, the Chicago Rock Island & Pacific, the Chicago &
Northwestern, the Wabash & St. Louis and the St. Paul com
panies. The last-named was admitted a year ago last month,
and Since September has had 60 per cent as its share. The
association rules require thirty days’ notice of withdrawal, and
■serious cutting is thus postponed for that length of time.
— The Tribune reports Vice-President Wadsworth, in New
. York, as saying that the company had paid the $38,000 to the
• «commissioner of the Iowa pool before it had given notice of its
intention to withdraw from the pool. “ The money was of
little consequence to us,” he said, “ and we did not wish to
have the public think that the payment of that amount had
influenced us in any way. The agreement worked unfairly to
the St. Paul, which can make more money out of the pool than
it can in it under the agreement. W e do not want a war of
rates, but, on the contrary, we hope the pool roads will
maintain the former rates. That they should do so is all we
ask. W e certainly shall not reduce rates if the other roads
<lo not.
563
• ac®ede to the demands of the Lafayette
Bloomington ea Muncie. It is now stated that no meeting of
the Executive Committee of the Lake Erie & Western wfil take
place Saturday at Bloomington as previously announced.
k
Bit tie Rock & Fort Smith.—The stockholders of the Little
Rock & Fort Smith and of the Mississippi River & Texas Railways are offered the right to purchase bonds and stock wMch
latter will be issued as full-paid stock in the r.iffll S
Junction Railway & Bridge Company. The amount allotted to
each company is $200,000 bonds and $200J)00 stock The
proportionate amount which all the stockholders of each company have a right to subscribe for is, approximately, the onetwentieth part of the amount of stock held by each in the stock
of either company.
^
Memphis & Charleston.—The annual meeting of the stoekMemphis & Charleston Railroad Company was
held at Huntsville, Ala., Nov. 20. Power was given the
directors to place a loan of $1,000,000 to retire the floating debt
and raise funds to equip the road better. The floating debt is
reported to be increased. The following directors were elected :
Calvin S. Brice, George F. Baker, Jere Baxter, Frederick A.
Brown, Napdeon Hill, E. H. R, Lyman, O. A. Cochrane, John
F. Martin, George I. Seney, Samuel Shethar, Samuel Thomas,
Addison White and A. Woodruff. The officers will be re-elected
when the directors meet in New York.
Nashville Chattanooga & St. Louis.—The-gross and net
earnings in October, and the four months ending- October
31, 1882 and 1883, have been as follows:
*
OCTOBEE.
Qi'oss
earnings.
Lebanon B ranch........
McMinnville B ranch.......
Fayetteville B ranch.......
Centrey. Br.,nar. gauge..
D. R.Val. HR., nar. gauge
$178,211
5,690
4,572
5,629
3,394
3,824
Net
earnings.
$80,919
3,548
1,586
3,567
350
2,114
_ Cincinnati Northern.—The C om m ercial Gtazette s&yn that
$201,320 $92,084
55,291
the U. S. Court has decided to set a day (within twenty days) of Interest and taxes............
Bale of this road to satisfy certain judgments against the old
Balance net surplus..
$36,79*3
Miami Valley Road. Albert Netter, representing a pool, is
busy buying in the second mortgage bonds of the Northern,
-1883.With the idea of bidding in the road and becoming its absolute
Gross
Net
controller, subject only to the first mortgage bonds.
earninas.
earnings.
Connecticut Central.— At the annual meeting of the Con
necticut Central Railroad in Hartford the old board of
■directors was re-elected. The road is a part o f the line
leased to the New York & New Eogland Road, and called
the Springfield Division of the road. A statement of the
expenses, earnings and “ fixed charges” showed gross earnings
-for the year ending September 30 of $98,409 ; operating ex
penses, $105,075, or $6,666 in excess of earnings. The fixed
charges, including taxes, interest, insurance and track rental,
amount to $19,494. So that the total expenses in excess of
earnings are $26,161. The Committee appointed at the last
meeting report that under the lease the earnings in the past
three years have increased 7 per cent, and the operating ex
penses 70 per cent. The report of the committee was referred
to the board of directors, who were instructed to consider the
expendiency of canceling the lease to the New York & New
England Road and report at a future meeting.
Danville Olney & Ohio River.—At Boston, Nov. 20, the
bondholders of the Danville Olney & Ohio River Railroad held
An adjourned meeting, to hear the report of the committee.
The management of Receiver Howard was said to be of an un
satisfactory character. A number of transactions of the past
management were criticised.
The report of an expert showed that $400,000 would bs re
quired, in addition to the equipment expenses, to put the road
in a suitable condition. It was stated that the foreclosure pro
ceedings now pending were defective, and that any sale thereon
would be illegal. The committee recommended: First, that
the_ committee appointed December 7, 1882, be discharged and
all its authority rescinded; second, that if any change were to
be effected a new bill for forclosure be filed; and third, that a
permanent committee be appointed by the chair to protect the
interests of all the bondholders.
The meeting finally adjourn
ed without taking action upon the plan set before the bond
holders.
East Tennessee Virginia & Georgia.—The following state
ment of gross and net earnings has been issued :
Y
flg fe -..................
A ugu st............
S B p tem D er......
O c to b e r .............
i------- Gross Earnings.------- ,
-J-883.
$311,734
362,565
394,431
455,593
T o t a l........ $1,524,376
$243,545
289,287
320,358
386,216
$1,239,406
,-----Net Earnings.—— ,
1883.
$137,345
178,048
204,982
236,476
$756,851
1882.
$82,233
114,022
125,663
182,022
$503,940
Main Stem..................
Lebanon Branch.......
McMinnville Branch.
Fayetteville Branch..
Centrev. Br., nar. g ’e.
D.R. Val. RR.,nar.g’e.
$717,204
25,976
18,457
20,847
14,329
14,432
$341,755
17,810
8,490
12;667
4,150
7,118
T otal...............
Interest and taxes... .
$811,245
$391,990
220,983
Balance net surplus..
Gross
earnings.
Net
ea rn in g s.
$180,320
6,688
4,407
4,638
2,544
3,115
$78,796
4,749
2,425
2,876
1,234
1,299
$201,712
$91,379
54,211
$37,168
■1882.
Gross
earnings.
$678,614
28,309
16,327
22,345
9,409
£13,185
$768,189
$171,007
Net
earnings.
$282,931
20,043
7,160
13,712
3,093
5,537
$332,471
216,266
$116,205
Northern Pacific.—The meeting of the preferred stock
holders of the Northern Pacific Railroad Company, which was
called to act upon the proposed issue of $20,000,000 second
mortgage bonds, was held on Tuesday. The new issue was
approved by a vote of 352,428 shares to sixty-three shares in
opposition. Mr. J. Pierpont Morgan, of Drexel, Morgan & Co.,
voted on about 300,000 shares.
—On Wednesday Judge Wallace rendered his decision in favor
of the Northern Pacific Company in the suits brought by
holders of common stock to enjoin the issue of second mortgage
bonds. Judge Wallace in his decision concludes as follows :
“Equity will not be swift to grant the stringent relief of a pre
liminary injunction to an officious plaintiff who seems to have
acquired his interest as a stockholder with a view of assailing
transactions in the corporate affairs of which existing stock
holders do not seem to have complained. The purchaser of a
law suit is entitled to what he has bought, and may insist that
his rights shall be recognized and enforced according to the
settled principles of law and the rules of procedure whieh ob
tain irrespective of the motive of the litigant, but he can only
insist that such preliminary relief be granted as shall be abso
lutely indispensable to preserve the rights that cannot be ade
quately protected. That is the ultimate decision of the case.
The restraining order is vacated and a preliminary Injunction
refused.”
Ohio Central.—The United States Circuit Court has appoint
ed Thomas R. Sharpe as Receiver of the West Virginia portion
of the River Division of this road. General Superintendent J.
E. Martin remains in charge of the main line and that part of
the River Division that is in Ohio. The appointment of Mr.
Sharpe was on motion of Mr. E. L. Andrews, an attorney of
New York, who has been conspicuous in a number of railroad
litigations. Mr. Sharpe is also well known here, and his ad
ministration of the affairs of the Long Island Railroad will be
well remembered.
Oregon Improvement Co.—This company makes the fol
lowing statement for September and the ten months of its
fiscal year from Dec. 1 to Sept. 30.
Georgia Pacific.—A press dispatch from Atlanta, Nov. 19,
. e Georgia Pacific Railroad was opened from Atlanta
to Birmingham; Ala., a distance of 117 miles, yesterday. The
September.
<s°aCL 1S pronounced to be one of the best built lines in the Earnings.......................................................... $382,242
SSSjafiP?
entirely finished will extend from Atlanta to Expenses............. .......... ........................ . ...... 270,721
?n jhe Mississippi. The centre of the Southern
Net earnings................. . ...........................$111,521
Ten months.
$3,266,962
2,252,289
$1,014,672
70’8
68‘9
’ “ d thi8 b the flrst '3irecUil‘e Per cent of expenses.......... .....................—
Philadelphia & Reading.—Mr. Franklin B. Gowen has issued
f
oSfetf &
is reported that the negotiations a circular in which he announces his intention of resigning the
for the exchange of the Lafayette Bloomington & Muncie in- presidency of the Reading Railroad at the expiration of his
jl°weJ i ^ d\ f0r the Se,eoad mortgage bonds of the Lake Erie present term. He recommends Mr. George DeB. Keim, the .Vice* Western have come to an end in consequence of refusal of the President, as his successor. He takes this step because the com-
I h tL X iu a ita
™ mg
564
THE CHRONICLE.
[Voli. X X X V II.
p a n y “ has now surmounted all the difficulties of theJast four
’¿ ’ h e O D m u m e r c i a l ¿ ¿ m r s .
eventful years.” In his circular Mr. Gowen sa ys: “ I am glad l
to be able to announce that the net earnings o f the company
for the current fiscal year, ending Nov. 30, after providing for
all fixed charges, will be equal to 7 per cent upon the preferred
F rid ay N ight , Nov. 23,1883.
stock and fully 5 per cent upon the common stock of the com
pany. As these net earnings are pledged to the payment of the
The week has been a dull one in general trade. Next week
outstanding income mortgage bonds ($2,454,000), such bonds
there will be two close holidays and in the few days preceding
must be retired before a dividend can be made to the sharehold
ers. I entertain no doubt, however, that the outstanding'in such occasions mercantile affairs drag. Besides, the weather
come mortgage bonds can be provided for out of the proceeds from being severely cold has become unseasonably mild, and
of other securities available for the purpose and the surplus o f this is an adverse circumstance. The late storm did great
net earnings over fixed charges carried to the credit of a divi
damage to the shipping on the Northeastern coast. Excessive
dend fund, and in this event it is probable that the opinion of
the stockholders will be taken at the forthcoming annual meet rains have also caused floods in the lateral streams in middle
ing upon the question of the payment of a dividend and the latitudes of the Mississippi Valley, somewhat impeding railroad
proper amount thereof.”
traffic.
JPostal Telegraph.— The New York Tribune reports : “ The
There has been a larger speculation in lard, and the range
Postal Telegraph Company has sold all its property and fran of prices has been advanced. The export inquiries have not
chises to the Postal Telegraph & Cable Company, which was
recently organized under the laws of this State expressly for been materially improved. Pork has shown more firmness,
this purpose. The deed of conveyance,which was recorded this and the general market may be said to exhibit more strength.
week, states the consideration at $10,498,500. The transfer is To-day lard was higher and the closing figures firm at 8*19c. for
merely the fulfilment of a plan which has been under consid November, December and year; January 8 ‘3 5 c .; Feb. 8 ‘43c.»
eration for some time, for reducing the capital stock of the com
pany and for correcting certain legal irregularities in the organ March 8 ‘52c.; April 8 ‘60c,; May 8 72c. On the spot Western
ization and conduct of the original company. When the pres sold at 8 T 5 @ 8 ‘17/6c. Refined to the Continent was quoted at
ent owners secured control they discovered that the previous 8 ’500. and South America at 8 ‘75c. Mess pork was again higher
management had not always acted in strict conformity with the and sales at $12 75@$13 were reported!. Beef hams were firm
State laws, and while their counsel were of the opinion that the
irregularities were not sufficient to vitiate the company’s char at $22 for Western. Beef remained quiet but steady at
ter, it was decided to organize a new company. The convey $22 50@$24 for city extra India mess. Bacon was quiet at 7c.
ance made to the Postal Telegraph & Cable Company was in for long clear.
Tallow was quoted at 7% c. for prime, and
accordance with this decision. The new company is owned by stearine was held at 8% c. for prime and oleomarg arine. Butter
the same persons who have recently controlled the former one.
There will be some changes in the board of directors, probably, and cheese are firm.
Rio coffee has been quiet as a rule at 12/£c. for fair cargoes;
but John W , Mackey will be President of the company.”
Richmond Fredericksburg & Potom ac.— The annual meeting the stock in first hands has increased to 207,450 bags; a Brazil
of stockholders was held at Richmond this week. The report for ian syndicate is reported to hold 50,000 bags; options have
the fiscal year ended Sept. 30,1883, shows: Receipts from trans
been fairly active
at an advance of % @ % c .
To-day,
portation, $448,181; receipts from rents, $2,399; gross revenue,
$470,580; .expenses of transportation, $276,179; net revenue, however, the market was dull and weak; No. 7 sold at 10‘95@
$195,401. Deducting interest on bonds and loans, $57,349, and 11c. for December, 10'95@11‘05c. for January, 10‘9 5 @ llc . for
dividends on guaranteed stock, $34,835— total, $92,184— leaves February and March, l l @ l l ‘05c. for April, 11 ‘05c. for May and
a net profit for the year of $102,216, which exceeds that of last 11c. for June; mild grades have been quiet but steady. Tea
year $26,376. This increased profit warrants an increase of has been very active on speculation at firm prices; fully 25,000
dividend, and it is hoped that a rate of at least 5 per cent per packages of Amoy Oolong have been sold. Spices have been
dull and nearly nominal. Foreign fruits have been moderately
annum can hereafter be made.
President Brinton in this report also says: “In July last a de active only at rather easier prices. Rice has been fairly active
cision was rendered in the Circuit Court of the city of Rich at prices showing some weakness, though no marked depression
mond sustaining the action taken by you at your meeting has been noted. Molasses has been fairly active at 40@60c. for
Nov. 16,1881, authorizing the issue of dividend obligations. New Orleans, though at the close the market was weaker. Raw
From this decision an appeal has been taken to the Supreme sugar has been dull and to a great extent nominal at 6%c. for
fair Cuba refining; 50 tons 89-degrees test Muscovado sold to
Court of this State.”
R io Grande & Pecos.— It is reported that this road has day at the new Exchange for July delivery at 6 60c.; also
been sold to the Galveston Harrisburg & San Antonio Co. It 10.000 bags of Pernambucco, now here,at 6%c. for ex ship; refined
is now completed from Laredo, Tex., to the coal mines at San sugar has been dull on the spot, and closed at 8 l-16c. for
Tomas, a distance of 27 miles, and is intended to run to Eagle granulated; crushed at 9c., powdered at 8% @ 8% c. and standard
“ A ” at 7 9-16 @ 7 % c.; o n ’Change 2,000 bbls. of standard “ A ”
Pass, 135 miles.
sold at 7'60c. for February, 7'6 7)s@ 7‘75c. for March, 7 ‘70@
Tennessee State Bonds.— In reference to the interest on the
7‘72/^c. for June and 8 ‘30c. for October.
Tennessee debt, now in process of refunding, a telegram from
The business in Kentucky tobacco has continued small, em
Nashville sa ys: “ The impression exists that no January inter
bracing only 289 hhds., of which 179 hhds. are for export.
est on the State debt will be paid unless a majority of the bonds
The stocks are small, and quietly, it is said, a much larger busi
are funded. The Funding Board announces that this is a mis
ness than reported is in progress. Lugs, are quoted at 7@8c.
take. The interest will be paid on all bonds funded, whatever
and leaf 8 % @ 12% c . Exports for the week, 1,233 hhds. Seed
the amount. There is a misunderstanding among bondholders,
leaf has had a better movement, and all prices are more steady.
also, that no January interest will be paid on bonds funded after
The sales for the week embrace 2,250 cases, including 1,200 cases
January 1. Interest will be paid on all bonds from July 1,1883,
crop 1882, Ohio, 4 % @ 1 3 c .; 100 cases crop 1881, Ohio, private
no matter when funded.”
terms ; 350;cases crop 1882, Pennsylvania, 5% j@18%c.; 200 cases
Toledo Cincinnati & St. Louis.— In Boston, Nov. 17, at a crop 1881, Pennsylvania, 9@ 10/6c.; 200 cases crop 1882, Wis
meeting of the security holders of the Toledo Cincinnati & St. consin Havana, 5 @ 1 8 c ; 100 cases crop 1882, New England,
Louis Railroad, R. B. Fuller, H. D. Hyde, John McNale, George 10@25c., and 100 cases crop 1882, State seed, 5@15c.; also 350
W . Ballou, Arthur Sewell, E. B. Phillip, Jr., M. P. W igley, W . bales Havana, 80c.@ $l 15.
D. Hobbs, Charles W . Pierce and Henry R. Low, were appointed
For rosins the export inquiry has continued small and prices
to report a plan of reorganizing the road. It was voted that remain nominal at $1 50@$1 55 for strained to good strained.
Henry D. Hyde be added to the executive committee ; that it Spirits turpentine has been firm at 37/6 c., but to-day there was
was the sense of the meeting that if receiver’s certificates are a decline to 37c. in sympathy with the Southern markets. Re
put upon the road the Iron Road shall not be included, and fined petroleum has been firm at 9c. for 70 Abel test, and crude
that the Reorganization Committee have power to add to its certificates had a re-action downward to-day from $ 1 1 9 % to
membership. The matter of issuing receiver’s certificates was $ 1 1 8 % , closing at $ 1 1 8 % . W ith the continued excess in the
referred to the executive committee. The H erald says the deliveries over runs, the position is considered eminently favor
above action must be taken as that of a collection of individual able to still further advances.
Ingot copper sold at 14J4@15o.
security holders and not as representing the Parker House for Lake. American pig iron is irregular; many of the mills
meeting, which delegated authority to do certain things, but are closed; stocks are not large but the demands are small;
looking to no plan of reorganization.
6.000 tons have been sold by the Thomas Company at $20 50
Union Pacific.— The following statement is published for for No. 1, $19 50 for No. 2, $18 50 for forge, $17 50 for mottled
September and for ten months :
and $16 50 for white. Holders of steel rails here are firm at
/--------- September.----------,
<------Jan. 1 to Sept. 30.------, $35; 20,000 tons were sold, deliverable from the mills, at that
1 8 8 3 .'
48 83.
1881.
1882.
price; at Pittsburg 50,000 tons, deliverable at Chicago, were
Gross earnings
$2,994,076 $3,170,315
$21,551,288 $21,983,498
E xpenses............... 1,533,733
1,260,592
11,504,326
11,503,303 sold at $36. Lead is down to 3 70@3 75c.
Ocean freight berth room has declined in the last two days,
Net e a rn in g s.... $1,455,342 $1,909,723
$10,046,962 $10,480,195 but charters are steadily maintained in view of the moderate
V irgin ia M idland.— President Barbour, at the meeting o f offerings of tonnage. Liverpool steam grain quoted at 4% d .;
Virginia Midland directors, presented the following report for flour, 15s.; bacon, 25s.; cheese, 27s. 6d.@30s.; cotton, 7-3‘2d.; grain
the fiscal year ending Sept. 30, 1883: Gross earnings, $1,664,204; to London by steam taken, 5% d .; do. to Glasgow by steam 5d.; do.
operating expenses, $956,194; net earnings, $708,009. Interest to Hull by steam, 4% d., 60 lbs.; do. to Antwerp by steam, 4% d .;
on bonds, $374,404; interest on floating debt, $5,251; rentals, refined petroleum to Loudon, 3s. 6d.; do. in cases by a steamer
$42,300; total, $422,015; balance, $235,993. The directors de to Constantinople, 25c.; cotton by a steamer from Norfolk to
clared a dividend of 6 per cent on the income bonds, payable 3 I Liverpool, 21-64d.; grain from Baltimore to Cork for orders
* (December), 5s. l% d .
per cent January 1, 1884, and 3 per cent July 1, 1884.
COMMBRCIAL
BPITOMB.
THE CHRONICLE.
N ovem ber 24; 1883,]
C O T T O N .
F r id a y , P. M.. November 23, 1883.
T h e M ovem en t o f t h e C r o p , as indicated b y our telegrams
from the South to-night, is given below. For the week ending
this evening (Nov. 23) the total receipts have reached 222,510
bales, against 242,078 bales last week, 267,604 bales the previous
week and 241,921 bales three weeks since; making the total
receipts since the 1st of September, 1883, 2,198,099 bales, against
2,187,240 bales for the same period of 1882, showing an
increase since September 1, 1883, of 10,859 bales,
Receipts at— f Sat.
Galveston........
Indianola, &e.
New Orleans...
Mobile...............
Florida.............
Savannah .........
Brunsw’k, &c.
Charleston.......
Pt. Royal, &c.
Wilmington___
Moreh’d C.,&c
Norfolk.............
West Point,&o
New Y ork........
B oston .............
Baltim ore........
Philadelp’a, &o.
Mon.
Tues.
6,581 7,891 2,980
....
i...
....
6,178 23,937 10,972
3,097 3,036 3,353
........
....
....
4,118 5,232 5,234
...
....
....
2,486 2,891 2,131
....
430 1,022
510
. ....
....
....
4,201 4,805 3,903
....
....
....
464
173
878
1,000
748 1,065
....
....
....
....
....
....
Wed.
Thurs.
Fri.
^ Total
3,698 4,270 2,842 28,265
__
••••
131
131
5,885 18;817 11,886 77,675
1,259 1.261 1,358 13,364
....
. . . . 2,585
2,585
4,780 4,207 4,898 28,469
_
324
324
3,179 2,003 2,763 15,453
925
925
904
709
980
4,555
....
1,138
1,138
6,401 6,047 5,888 31,245
. ...
8,329
8,329
480
544
351
2,890
1,307 1,506 1,084
6,710
....
146
146
....
196
110
306
Totals this week 28,558 49,735 31.026 27,893 39,560 45,738 222.510
For comparison, we give the following table showing the week’s
the total since Sept, 1,1883, and the stock to-night
and the same items for the corresponding periods of last years.
Receipts to
November 23.
G alveston.......
Indianola, <fec.
New Orleans...
M obile.............
Florida.............
Savannah.......
Brunsw’k, &o
Charleston.......
Pt. Royal, &c.
Wilmington___
M’headC.,&c
Norfolk............
West Point,&c
New Y o r k .......
B oston.............
Baltim ore.......
Philadelp’a,&e.
1883.
This Since Sep.
Week. 1,1883.
1 882.
Slock.
This Since Sep.
1883.
1882.
Week. 1 , 1882.
28,265 310,611 31,412
131
6,668
594
77,675 63 i ,021 65,760
13,364 116,978 11,191
2,585 * 15,057
1,510
28,469 387,510 33,837
324
5,898
221
15,453 251,509 25,079
925
5,656
894
4,555
56,423
7,331
1,138
6,276
858
31,245 266,879 40,579
8,329
98,785
9,923
2,890
7,857 ** 3,696
6,710
22,880
6,674
146
2,700
872
306
5,391
1,733
321,396 96,164
10,074
473,738 299,831
140,171 41,619
4,499
1,426
400,349 108,029
3r989
274,773 86,008
5,098
1,442
57,721 18,455
4,827
315,665 57,474
95,172
18,943 185,817
40,457
4,905
4,650 19,183
15,718 11,453
90,421
235,245
16,304
105,510
110,895
152
15,060
79,860
55,579
1,431
16,221
13,723
Total............. 222,510 2,198,099 242,169 2,187,240 931,8061 740,401
In order that comparison may be made with other years, we
give below the totals at leading ports for six seasons.
Receipts at—
1883.
1882.
1 8 8 1 .» 1880.
1879.
1878.
Galvest’n,&c.
New Orleans.
M obile..........
Savannah___
Charl’st’n, &o
Wilm’gt’n, &c
Norfolk, &c..
All others___
28,396
77,675
13,364
28,469
16,378
5,693
39,574
12,961
32,006
65,760
11,191
33,837
25,973
8,189
50,502
14,711
17,024
62,024
16,922
38,886
29,197
9,141
43,953
17,069
24,518
44,987
14,406
32,570
27,309
8,300
42,441
10,661
27,743
78,896
21,099
35,668
25,928
5,235
38,435
16,148
565
In addition to above exports, our telegrams to-night also give
us the following amounts of cotton on shipboard, not cleared, at
the ports named. W e add similar figures for New York, which
are prepared for our special use by Messrs. Carey, Yale &
Lambert, 89 Broad Street.
On Shipboard, not cleared—fo r
Nov. 23, ATNew Orleans___
M obile...............
Charleston.......
Savannah.........
Galveston.........
N orfolk.............
New York.........
Other ports.......
Total 1883.
Total 1881 ....
Great
! Other Coast
Britain. Ft'ance. Foreign wise.
10.800
13,360
11.000
22,308
27,481
4,000
3,500
.Not re ceived .
None. None. None.
8 =0
2,700
6,060
1,500 15,200
2.800
6,496
731
2,984
None. None.
1,185
None.
800 None.
500 None.
None.
92,389
4,931
29,056
7,819
146,545 19,345 80 342
56,055 33,510 43 673
14,291
19,115
Total.
10,800
22,910
30,500
32,519
28,666
4,800
4,000
Great
OontiBrit’n. France fient.
Galveston-...... 6,517
1,294
New Orleans.. 18,631 13,244 9,894
Mobile............
Florida .........
Savannah ....
3,500
300
Charleston *... 3,325
5,529
Wilmington..
1,754
Norfolkt.......
17,076
New York .... 9,347
1,772
Boston........... 2,768
Baltimore....... 4,528
Philadelp’a,&c 2,161
T ota l........... 67,607 13,244 18,789
479,879
748,733
Without much activity in the dealings in cotton for future
delivery at this market values have nevertheless had an
upward tendency during the week under review. Foreign
advices have not been favorable in all respects; Manchester and
Harve improved a little early in the week, but the diplomatic
difficulties between France and China seem to have increased,
and Liverpool has been dull. The weather at the South has
been less favorable for the work of gathering the crop; .heavy
rains have fallen in the Northern belt and the Mississippi
valley, causing local floods, and to a slight extent interrupting
railroad transportation. The movement of the crop has fallen
off somewhat and the heavy exports of last week had their '
influence.
On Saturday the market was dull and prices
favored buyers, but. in the course of Monday and Tuesday
there was a considerable advance. Wednesday saw part o f this
improvement lost, under the cloud of the Franco-China diffi
culties, which caused some selling to realize. Thursday gave
us a quiet but steadier market. To-day there was an irregular
advance; November and December were decidedly higher,
with hints at a possible “ corner” on December contracts, but
the later months showed little improvement, and the business
except in December and January contracts, was very small.*
Cotton, on the spot has been quiet but quotations were on
Monday last advanced l-16c. To-day there was no quotable
advance, but a firmer feeling, and-the close was strong on the
basis of 10%c. for middling uplands.
The total sales for forward delivery for the week are 377,000
bales. For immediate delivery the total sales foot up this week
4,195' bales, including 212 for export, 1.583 for consumption
2,400 for speculation and — in transit. Of the above, 1,300 bales
were to arrive. The following are the official qnotations for
each day of the past week.
Nov. 17 to
Nov. 23.
Ordin’/.sp2>
Strict Ord..
Good Ord..
8tr. G’d Ord
Low Midd’g
Str.L’wMid
Middling...
Good Mid..
Str.G’d Mid
Midd’g Fail
Fair...........
UPLANDS.
NEW ORLEANS.
TEXAS.
Sat. lllo u T u e » Sat. S io n T a e » Sat. S io n . T u e s
8%
S3ie a%
8%
87tfi 8% 8% 1
8%6 8%
8%
81516 815,6 8%
8i516 813x8
8n ie 81-16 8%
9% , 9 l l ie 934
9%
0 ‘ 16 9%
91116 9%
9%
9% 10i16 lo% 10% 10iae 1018 10
91316 9%
%
10116 10% 10% 10516 10% 10% 105(6 1038 10 %
10% 10516 10°J6 10% u 9!« 109 6 1012 10918 1?9q16
107ie 10% 10% I0 lllb 10% 10% 10H16 10 % 10%
L0Hle 10% 1034 101516 11
10I516 11
11
11
10% 10% 11 he 11% 11% m»e 11% 11%
11% 11% I19ie 11% 11% 11»18 11% 11 %
121,« 12% 12% 1
12% 12% I
12%
12%
W etì Th| F r i . W en 'r ii. F r i. W e «
F r i.
8%
8%
9%
10 %
9%
10%
10 %
10%
11 %
11%
12%
8i°ie «
103s 10%
10916 109le
11
11
11% 11%
12%
TI».
Fri.
7%
89l6
7%
9%
9%
10% 10 %
_________ Exported to—
MARKET AND SALES.
Total Great Conti
Tolti.
Week. Britain. Frame nent.
The total sales and future deliveries each day during the
7.811
68,743 15,904
45,042 129,689 week are indicated in the following statement. For the con
39,769 143,375 109,523 106,796 359,694 venience of the reader we also add a column which shows at a
3,601
3.601 glance how the market closed on same days.
1,500
1.500
SALES OF SPOT AND TRANSIT.
FUTURES.
. 3,800
42,295 6,0S6
127,412
79,031
SPOT M ARKET
8,854
24,680 10,824
95,468
Fx-*i Con- Spec- Tran
Deliv
59,984
CLOSED.
Total.
Sales.
portli sump. ui’t’n sit.
eries,
1,754 19,749
22,459
2,710
17,0*6
57,606
67,219
9,013
345 4 0,300 . 200
.........
Firm..........
...J
345
11,119 122,230 14,584
40,281 177,095 Mon . Quiet at
....
207 73,200
2(57
adv. ....
200
2,768
16,592 Cues. Quiet..... ............
16,492
100
....
170 67,500
...-!
170
300
4,528
61,408 Wed . Q uiet..................
38,457
981 64,700
100
22,849
200
381 400 . . . .
300
203 49,200
2(>3
2,161
24,324 Thurs Q uiet.................. .....I
23,074
400
1,250
Fri . . Firm ...................
12
217 2,000 . . . . 2,229 82,100
300
99,640 561,802 157,021 367,656 1,086,479
..4. . 1
Total 1882... 80,086 12.983 46,762 139.731 706.841 138.061
SB?, f J . X V / U U . Xun ihuyai, sc.
S t Includes exports from West Point, &c.
30,819
63,090
77,529
63,645
28,808
181.017
52.864
134,195 ; 497,780
260,523
152,353
22,8 27
50,878
18.695
21,588
22,617
7,202
23,311 Ordin’y.$E> 8% - 8%
8%
8%
8%
8%
8%
Ord.. 811x6 81%6 « 1Ji6 81516 81516 8i5le
17,507 Strict
Good Ord.. 9%
9%
9%
9%
9%
9%
9%
Tot. thisw ’k. 222,510 242,169 232,216 205,192 249,152 184,625 8tr. G’d Ord 9%
9%
9% 10% 10% 10% 10%
Low Midd’g 10% 1 0 % 10% 10% 10% 10% 10%
Since Sept. 1. 2198,099 2187,240 2123 014 2319,716 2134,998 1730,234 Bfcr.L’wMid 105ie ln ai6 lO^ie 1091S 109ie 109,6 109,«
Middling.... 10% 10% 10% 10% 1034 10% 10%
Good Mid.. 10% 10s4 10% 11
11
11
11
—
--- -------------'"«J JWV., i'u u u m lJJ.UJ.UU.eB Vluj rullllj, <KC_ Str.G’d Mid 10 % 10% 10%
11% 11% 11% 11%
fo*
,week ending this evening reach a total Midd’g Fair 11% 11 38 11% 11% 11% 11% 11%
of 99,640 bales, of which 67,607 were to Great Britain, 13,244 to Fair............ 12% 12% 12% 12% 12% 12% 12%
France and 18,789 to the rest of the Continent, while the stocks
STAINED.
Sat. M o n T u e s Wed
as made up this evening are now 931,806 bales. Below are the
Good Ordinary.........^ S>.
71316 7%
7%
exports for the week and since September 1. 1883.
Strict Good O r d in a r y ............ 8%
89le 8 öx6 89ie
Low Middling.... ....................... »3lti 9%
9%
9%
Week Ending Nov. 23.
From Sept. 1.1888, to Nov. 23,1883. M i d d l i n g . ......................... IOI16 10% lo%
10 %
Exported to—
Export»
from—
Leaving
Stock.
841.88311.187.1 c5
Total
212! 1,5^3 2,100! __
x n e aaiiy aeaveries given aoove are ac
previous to tliat on wliicii th e y are reported,
4,195 377 OOO 1.700
THE CHRONICLE.
566
T he flAT.wa and P rices op F utures are shown by the follow
ing comprehensive table. In this statement will be found the
daily market, the prices of sales for each month each day, and
the closincr bids, in addition to the dailv and total sales.
SS
Qhjoo®'
§ <5® 5 ©©©p* ©©©S* a ® ® S.
®-5®JB
® fKi*©
®Jg B'œ
C®
5° 2
& M
ty
p aoP ©^
(KL
j Ctpi
<w«SS- ^
• fit
I3
!•
?*
s>o
pn-*0
r<i
! 6
<i
^ • <1
g
*
©
P !: to
to
(*5 • M
CK5I
®! I
p pi - 9 S Ï ?
s *i©-©l iCu
© © ©â
© jh B
© • SO
“ te* o 5)
P etSOe+©
55
g.3
G» (3*
p.i
Si*
-© ©
13
js :
©©
©©
WIST
g3Sf IÎP
I ff
g © taj gH
¡»O' tei
œ£® g' œgie-tl $p.®
s * It!.®
»g
p @ to g g>® CDC
¿¡“H h ® P'H’tSp 2. h t.i œ P*1“*©®
^ H o?
^ h ©? ^ H ©©O
Ot ©
O'©
©©"
to
HI-*
©
M
h*
9 1 <
1
HH
>.
% 00
99
M
®
^
:
is :
HHMH H CO»”4
OO© © © , o ?
© œ w © H 1 OtfL
wh h ©
HH >.
9 ° < ©o
c.® ®
le.Hto*’
I ®wi
©
CO
®
ooco
i d
^
<uo
1
00^
©
©
to»
■? 9 9 <
aôoô 2 oboe 2
O » 00-1 ^ © w **
I ®w:
tì® :
0Ô-9 1 H
-*çqM
o CO
C oS
I 9o<=> i 9 oO
®
•*
mm
I
HH HHtOH
© 9 OÇO©
©W ÿ Ol © y
H
99 <
obob 2
it^y p
j ®ooi
hhojH
99© 9
99 ^
dio» ©
©oo **
I ®<i:
H^rf^M
O O oO
a.
o©
© cî»
©
HH
[>
-0<I
®
©O 5
i
19 o 9
H ^O h HpOn h h O h
CiCO 05 ^ 05 H M© H
t> i-M b> HH
<1
<
*r-¥. £
2
©K) 2 tcb3 2 tóto
©-3 , ** 0505 ^ HCn *■*
I® :
I ®<>:
I ®w! H
H
oq
H
H'-'-J’-*
<J.©
H®P H H o H HHo H
©
©©Ots
O 1 ©©© y
œ tè©®©
<| -4
W© ©
co <x> <1y
©If-H^
HH h, H h p.
HH
5 HH 5
I
®w:
HMsjM
MM
wcè 2 tOM 2
OOoO
»©
^< -3-3 *
©©
W
io o
1O
si0
:| I
I®
©
H yH
H0
h o<
H
00-31-»"*
I ®»:
f'HOM
©©
-3
9 9 OO ©©O©
obobOob
©© ©
H H tf
HO <
00 0
9<i
& w:
HH< jH
H H oH
©©Oob
MW If-
H »-* ►
0 ,0 •<
CÓÒ 0
*3-3
99© 9
ÔO©© o ò © ó
HM h œ© ©
HH £> HH tt¡? ©H <
®
ho
2
M© 4 co© ^
1 ® w: HHtoH
I Wm
hhoH
HH o H HHq H
HH©H HMOhi
If-W M oco to
HH |> HH [>
W
: <
©© 2 ©© 2
y H
H© ^
HH
I
I «Bw
HH<|H H H o H
H'TOH H H o H
tètè®tè
©©o ©
© © w ©Ü' lf-
t> H H
HH
tf-
HH 5 *fM %
MM 2 MM 2
© W ** Mif- ^
I ® ffi
I® :
H H
HH©H
HHo H »
^ CO
MM®CÓ 1 co
05 05
-3-3 W
1> H H l> HH >.
HH (e
HH % i~?rt < HH
H di ® w o 2 Hlê 2 if iè•3y 4 h w
OOO
I ® Ml
I é>5”:
H oH
HHo H
hch
H-^O^ HHo H H H o ^
f. © If
£ di® di ÿ ÿ © ÿ If ÿ O if
cow to ©© © ©H ©
'^rt <
HHo
ÜiÜiOoi
10 bO H
HH >
^
© I*
©
OH
o oi dioi°ui
00 coco
. 284,300
201,200
237,610
167,111.
762,300
76,000
495,000
55,000
931,806
313,592
16,600
764,700
95,000
519,000
44,000
740,401
218,190
28,300
732,510
68.000
414,000
33,000
901,086
325,903
6,600
646,511
52,000
451,000
43,000
896,625247,911
20,000
American—
, 231,000
188,000
American afloat for Europe. . . . , 495,000
J 931,806
United States interior stocks.., 313,592
16,600
United States exports to-day..
220,000
87,000
519,000
740,401
218,190
28,300
350,000
108,000
414,000
901,086
325,903
6,600
318,000
99,000
451,000
896,625247,911
20,000
,2,175,998 1,812,891 2,105,589 2,032,53G
g
e
m
Mast Indian,B razil, Ac.—
, 201,000
; 46,000
. ,96,300
76,000
. 55,000
London stock............... .
Continental stocks. . . . .. .
India afloat for Europe...
1
te-
§
5?
tei
tei
03
tei
a
§
tei
Qa
tei
§
N
0
1
tea
117,000
44,400
68,111
52,000
43,000
,2,650,298 2,409,591 2,481,099 2,357,047
Si^ied.
613d.
6Hi6d.
Price Mid. Upl., Liverpool. . . .
6ie<k
Ig T T h e imports into Continental ports this week have been
59,000 bales.
The above figures indicate an increase in the cotton in sighttp-night of 240,707 bales as compared with the same date of 1882,.
an increase of 169,199 bales, as compared with the corres
ponding date of 1881 and an increase of 293,251 bales as c o m -.
pared with 1880.
A t t h e I n t e r io r T owns the movement— that is the receiptsfor 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 1881-82— is set out in detail in the following statements
m
¡.f
H H WWt?t-|teJW!2!
eu S2
SSg
SE
®
Za®
0D® ® 1
S?”^
^ 00®^ ®
PO(► .£ & ) £ < g tel
{zi® R R P o ptfi
I S e lla i
gt- ® S» Q
g
te)
106,000
38,900
129,610
68,000
33,000
. 474,300 596,700 375,510 324,511
2,175,998 1,812,891 2,105,589 2,032,5361
N3
tei
fia
265,000
78,500
114,200
95,000
44,000
«
Oo
:
q
• , W; ; ; ;
M M HHM ©
'w w"h © H © © ©
© 05-3 H -I © H iyM © © H © © H If-
'*
h5V®“
o'gf-
? H 85- ®
£ ® : 0»
2 0;
, mî
gp ti r
h
©OH M © H©-ICO ©M^M'W©MW
'18-Vlbi©'*©533w V w © © h ® © OM© ©
©©©©W ©©H -3©M ©M ©M #-M W O
© ® W iS-Mi8-iM M © © © © h ©M h © © m
:
HOWM©©©
to
© ©-3M ©H H ©®©H ©-3©M ©M lf-M
I I
'<r©c£> h T- © ©
© © 18-wHMH
-3 H © »«< e H
©W©©tf- H CO© #- HtOaiOplf-i-i-3 ©"© © W-3tf—©ll-CO © -3’îf-Vl'©'©Mw'î^
H H ©©©H -l©©©W ©©W H W l^lf-M
H W W © © © © lf-® H © © © © —
IHHlI—lf-
©MW© H
b -3 © w Ie- H
y WMO' © ©
H © H © O' © H
® 'y © H © HCc'il-© W• -l®'i8-W©H-3'©.
M © © i8-©®W HH h : © ®HW|8-©HH
® © © © ® ® ® © © lt-- lf-Hlf-M©©aCli
HH©
I ®; :
KHW
I ®: :
11
©
! ®
I i
» Includes sales in September, 18S3, fo r September, 76 ,200; SeptemTaer-Ootober, fo r October, 3 o 8,600.
n
_
Transferable Orders—Saturday, 10'50o.; Monday, 10‘50o.;_ Tuesday,
10-550.; Wednesday, 10-50o.; Thursday, 10-50o.; Friday, 10-6oc.
wrgp* W e have included in the above table, and shall continue each
week to give, the average price o f futures eaoh day fo r each m onth. It
w m be found under each day follow in g the abbreviation “ A v er.” The
average fo r eaoh month fo r the week is also given at bottom o f table.
The following exchanges have been made during the week:
200 Feb. fo r Mar.
100 Feb. fo r July2,( Ou Jan. fo r Mat\
1,000 Dee. fo r Jan.
600 Jan. fo r Feb.
3 GO Feb fo r Mar.
100 April fo r May.
700 DSC. fo r Feb.
h 'o. M©-3 W-3'm ©'©'h ©©7- H H© H©
© '-3©W
©0'-JM®©W M®©W © © © © ©
©©o ©
CO to to
I® : t
exeb.
èxoh.
exeh.
exch.
exch.
excli.
exch.
exch.
479,400
2,400
20,500
11,800
1,740
981
84,600
6,860
32,400
3,500
2,330
© H © 18- © h © H WM ©H©if- -3M|t-©
M© Mif- © © © © © ©#- © © H -1M©^3 ©
^
2
^
I«
: 1® : .
I ® M:H M
M M H H 1-1H
hh©9
©©®©
•14 pd. to
•62 pd. to
•30 pd. to
14 pd. to
•15 pd. to
•15 pd. to
•12 pd. to
*50 pd, to
494,900
22,000
48,700
12,700
970
2,090
126,000
3,500
13,800
4,000
3,850
H
*?* < y y 2 oi
©© 2
© o ** ©©
®:
563,500
2,600
24,900
8,500
700
1,400
116,000
2,700
30,000
8,200
6,200
2,650,298 2,409,591 2,481,099 2,357,047
•¡can and otber descriptions are as follows^
©
t».
y t o n 1"* toto ^
I
I ®<i:
HH ÎP.H HH©
H#j* %
HM -s
®
©©
I ®h:
HHO H
HHOH
HHo H I
1 it- ©M if. ii£.©iii.
M
© © H© ©
©M
©©CÒ
©
c«01 2
P-M ' ^
I® :
HHtoH
HH ©H
H
HH
k 9 9 < 09 5
©oo 2 obob 2 obob 2
99
HH
\t>
Total Great Britain stock . 478,000
Stock at HamDurg.. ................
2,000
Stock at B r e m e n ...............
50,300
8,ock at A m ste rd a m ...........
38,000
Stock at Rotterdam..................
1,500
Stock at Antwerp.....................
4,500
Stock at H a v re.... .................. 132,000
Stock at Marseilles...........
6,000
Stock at Barcelona. . . . . . . . 1...
35,000
Stock at Genoa..........................
6,000
Stock at Trieste...................... .
9,000
Total European stocks.. ..
nòia cotton afloat for Europe.,
»
i
Stock in United States ports ..
Stock in U. S. interior towns.,
United States exports to-day..
© o© o 9 9 0 9
iê H©if- h h © h
©OO 00 0 0 © ©
MH* t>
o© £ 9 9
y y
®
did» 2
ffiM ** cow ^
I H yH
I HJi.M
»© :
H
O O ?
I9© 9 O
* Q<© Ol yw©ci<
© © IP-O' IfHH a>
©O Pjs 9 9 <
-3© 2 ©œ 2
©00to4 OOOOh ^
I sta:
I»«:
Hh H
H H yH
O O oO
I9© 9
-3 -3 © -3 • -qO©
1 -jO -i
W K- H If- H
HH b* HH
HH coH
O O oO
I CO©CO 1 ooOoo oobbCiob obcòOob
woo ffi o © ©
h-H m HH
H*—
OO
HO
WÊ %
a> ÓÓ ® © 0 ®
©©
W-Ktpi“
pop
pp,
tOM
@ Mi
® ©:
I ® ®:
H Ht-. H
HHHH
HHO*-*
Hh o H H H©H
H 'tO'f
©©o©
O q O
ó ó © ó ©©O©
lf>W M
MIf- ' M H © ©
b.
Hi-* b* HM |> H H t>. HH
HH
h-H 5
% HH
®
® HH, 2
HM 2 HH
©©
*
■*
C
O
C
O
^
©M
*
*
O
»
O
l
“
H©
I ®h:
I
I WM
H-W MMo»M M
Mt_uM H H Qi H HHffiH
If- » r-*H Q M HHo
HHO^4 H H Q,h*
HH
S.a h
aS 5
S?
^s*
cb5^-2
?» a
T h e V is ib l e S u p p l y oe C otton to-night, as made up by cable-.
and telegraph, is as follows. The Continental stocks, as well as
those for Great Britain and the afloat, are this Week’s returns,
and consequently all the European figures are brought down
to Thursday evening. But to make the totals the complete
figures for to-night (Nov. 23), we add the item of exports from
the United States, including in it the exports of Friday only.
1880,
1882.
1883.
1881.
Stockât Liverpool....... ..bales. , 432,000 485,000 456,000 435,000
38,900
44,400
46,000
78,500
<
tedi
© ©W
h>
99
c ® ®É
&h m F
po H o
P té©
>.
99
MH
99 <
CHOC ©
ül ütM^
I §>©:
H H to H
Hmotm
99© 9
99© 9
eno\© oi
©®o®
©00 -4
w® oi
h-M t>
©O
99 <
-5 ® «0©
©^4 2
MW« 4
I ®Wi' I
I ®i»:
H H oH HHtoH H h o **
©©o© 9 9 0 © o © o ©
-j-cio-j <1<1©<I ^<l©-q
IP-OI If- to to
HH to- HH
ÇH©
M©
H
{tPAu
CjS'frt
Sssf
3
§
©©
WA tei
S’
hh
so§sw
g
*P'M'k®
<MoF
S
[Y ol. X X X V II,
•30 pd. to exeb. 300 Jan. for Mar.
•14 pd. to exeb. 100 Mar. for April.
■14 pd. to exoh. 600 Dec. for Jan,
■13 pd. to ex ch , 300 Dec. for Jan,
•09 pd. to exch. 2,200 Deo. for Jan.
•38 yd. to exch. 200 Deo. for Mar.
•39 pd. to exch. 2,000 Dec. fo r Mar.
© H© H HH
^3 8 -0 © ^ © tf-QO
y !
2 6
tej
boa
O3HCOHHCO
y '© '--© © © ©
H -3 M© © M©
©©OK-O'©©
© © © If- ® H © © © M Hj®^3j*3P'i© ? ^
» |
-3
g
©If-co® <:b '© c ît-© m7—© © h © m Ip- oo 8
© -3©®H ©©OIH W ©©lf-©®-3©M ® ^QO
®©HO'HH-4d-HM©l8-HM'3-3-3©®
W-3®M©H©
(-3H H O M O
lf-©MH©® if-
-3(f-©M—JH©HMi8- HH-1W®MW®
H ® rf-© H y y oi© H COO'©HO«©®©®
© ® if-h © © © -l’F © © d-lo-1W<I MW-3
©Oi -3 © 0 © h M -3© h © © h © © © © M
H ® M ® h -3 © H H © 0 0 '0 'W © © H © ®
0© H W ® W ®
© © M© © C>(©
O1© MM© © ©
'"-3o m ©< i'h © œ m œ m o ’m o ©. co w ©
®©©©H©œCH©©0'©M®MMM©lfW ©if-îDM ®C©il-©©-3®©0'0'-3®©
"m © © H C. -3
© © © M—
3-3 H
If--3®®-3 H©
Cnbü'WVooI’O'bwbH<Sfc Hlo*<l w"-*k) W I
H^^-COOO'a^^bSH <1COOM<D07K5Hr03HOM^OCB^WCOOOj<jHWOiWWtO I
©©©tow n
hoi ©
tojooHpHip-H
00^
si ?^
wj-4 cua of* vi j
The above totals show that the old interior stocks have, increased during the week 14,844 bales, and are to-night 95,402
N ovem ber 24, 1883.]
THE CHRONICLE.
t>ales more than at the same period last year. The receipts at
h e same towns have been 18,222 bales less than the same week
ast year, and since September 1 the receipts at all the towns
are 38,664 bales less than for the same time in 1882.
Q uotations for M iddling Cotton at Oth er M arkets .__In
4he table below we give the closing quotations of middling
cotton at Southern and other principal cotton markets for each
day of the past week.________________ .
567
Vicksburg, M ississippi.—W e have had warm sultrv w p <weather during the week, with min ™
’ , ° uin7 wet
reaching four inches and thirty-one hundredth?
mometer has areraged 87, thehigheat being 8 1 « d t o lo“ l
M eridian, M ississippi. —Telegram not received.
Columbus, M ississippi - W e have had rain on three davs
ta n to d T h s ’ th8 rainfaI1 “ « W
Week ending
Nov. 23.
Galveston....
New Orleans.
M obile____
Savannah...
■Charleston.
Wilmington
N orfolk ___
Boston.......
: Baltimore. . .
Philadelphia.
Augusta .. .
Memphis..
St. Louis...
Cincinnati.
Louisville..
CLO SIN G Q U O T A T IO N S F O R M ID D L IN G CO T TO N ON—
Satur.
Mon.
Tues.
Wednes.
Thurs.
Fri.
10
lo h e
9%
10
io %
10
lO h e
105s
10 %
10 %
9%
10
101 iß
10%
101] 6
10 %
10 %«
10 %
10
lo h e
10%
10
10
10 %
9%
9%
10
9%
ilp
io '6“
9%
10
S O *#
9%
10
10 %
1 0 i16
105s
10 %
10 %
934
10
10
10 %
1 0 5g
10%
10 %
9 34
10
10
10
10%
10
10 %
10 %
10%
10 %
9%®%
9%
10
10
10
10
10
10%
10
10 %
10 %
10 %
1.0 %
9% @ 78
978
10
10
10
10
10
10%
10
103x«
10 %
10%
10 %
9%
9%
10
10
10
R eceipts from the P lantations .— The following table is
prepared for the purpose of indicating the actual movement each
week from the plantations. Receipts at the outports are some
times misleading, as they are made up more largely one year
than another at the' expense of the interior stocks. W e reach
therefore, a safer conclusion through a comparative statement
Iike thefollowmg. 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
w? . 1lyom0vement from tlie plantations of that part of the crop
which finally reaches the market through the out-ports.
R E C E IP T S F R O M P LA N T A T IO N S.
Week
Bept. 7.......
“
“
“
14......
21.......
28.......
■Oct. 5.......
“ 12.......
“ 1 9 .....
*• 26 ....
Nov. 2........
“
9.......
“ 16........
2 3 ......
Receipts at the Ports. St’k atlnterior Towns. Rec’pts from Plant’ns
1881. 1882. 1883. 1881. 1882. 1883. 1881. 1882. 1883,
72,612 28,688 33.808 57,410 16,519 53,576 83,600 29,681 87,728
94.052 49,512 64,348 75.452 19,115 58,989 112,094 52,108 69,761
112,293 77,223 96,819 103,779 29,985 75,179 140,620 88,093 113,009
131,756 136,479 125,032 124,526 46,622 105,778 155,503 153,116 155,631
174,810 179,883 165,461 155,559 76,862 137,536 205,843 210,123 197,219
191,056 206,136 228,897 196.561 95,675 184,915 232,058 224.949 256.276
192,531 242,329 257,276 228,785 125,039 202,970 224,755 271,893} 295,331
210,587 241,738 252,845 251,532 139,317 236,986 233,331 258,016 286.861
225,285 256,623 241,921 290,140 175,092 276,734 283,893 292,398 281,669
233,320 262,251 267,601 323,161 211,740 313,249 265,311 298.899|s04,119
233,462 259,154 212,078 345,706 244,123 343,929 257,007 291,537 ¡272,758
232,216 243.169 222.510 367,060 259,175 359,748 253,570 257,22ll23S,329
The above statement shows— 1. That the total receipts from the
plantations since September 1, in 1883, were 2,508,691 bales; in
1882 were 2,429,930 bales; in 1881 were 2,444,679 bales.
2.— That, although the receipts at the out-ports the past week
were 222,510 bales, the actual movement from plantations was
“238,329 bales, the balance going to increase the stocks at the
interior towns.
Last year the receipts from the plantations
fo r the same week were 257,221 bales and for 1881 they were
253,570 bales.
- A mount of Cotton in S ight N ovember 23.— In the table below
the receipts from plantations in another form, and
add to them the net overland movement to November 1, and
also the takings by Southern spinners to the same date, so as to
e iV ft sn h stfl.u t,ifl,llw f.flA flm n n r if. n i . i a G a « a a ,'i . i n
»V .4-
1883.
1882.
1881.
1880.
Receipts at the ports to Nov. 2 3 2,198,099 2,187,240 2,123,044 2,319,716
Interior stocks on Nov. 23 in
excess of September 1.......... 310,592 242,690 321,635 245,638
Tot. receipts from plantat’ns 2,508,691 2,429,930 2,444,679 2,565,354
Net overland to November 1.. 126,859
93,857 126,083
92,268
Southern consumpc’n to Nov. 1
59,000
59,000
45,000
35,000
Total in sight November 23. 2,694,550 2,582.787 2,615,762 2,692,622
one inch a?d i h W A w o
Little Rock, A rkansas.—W e have had but one clea r daw
during the week
It has- rained on four S y s the r S i S
reaching one m c lr a n d eighty-four hundredth^. The t ie r mometer has ranged from 26 to 70, averaging 51
Memphis, Tennessee.—W e have had rain on* everv dav nf
the week, with the exception of Sunday; picking hasheen
totally suspended, and marketing has also been mterferld
with to some extent.
The rainfall reached two inches and
fifty-two hundredths.
The thermometer has averaged 53
the highest being 77 and the lowest 20.
s
’
Nashville, Tennessee.—W e have had rain on three davs o f
the week, the rainfall reaching one inch and twenty-nine
hu^rdl ewths; 7A 7 eraSe thermometer, 50, highest 73 and lowest 16.
Mobile, Alabama. It has been showing on three days o f
the week, the rainfall reaching ninety-five hundredths of an
inch. 1 he thermometer has averaged 58, ranging from 33 to 77.
M ontgomery, A labam a.—The early part of the week was
clear and pleasant, but the latter portion has been rainy on tw o
days, and warm. The rainfall reached one inch aud nineteen
hundredths.
About all of the crop has now been secured.
I he thermometer has ranged from 29 to 79, averaging 56.
Selma, Alabam a. It has rained on two days, and tho
remainder of the week has been pleasant. The rainfall reached
two inches and fifty-four hundredths. W e have had killing
frost on one night. The thermometer has averaged 55. the
highest being 75, and the lowest 28.
M adison, Florida — Telegram not received.
Macon, Georgia.—W e have had rain on one day of the
week, and the weather is now warm and cloudy.
Columbus, Georgia.— It has rained on one day of the week
the rainfall reaching one inch and forty hundredths. The
thermometer has ranged from 35 to 78, averaging 64.
Savannah, Georgia.— W e have had rain on two days, and
the remainder of the week has been pleasant. The rainfall
reached fifty-six hundredths of an inch. The thermometer
has averaged 58, the highest being 78 and the lowest 30.
TAugusta, Georgia.— The weather has been warm and sultrv
w dh generairam on three days of the week. The rainfall
reached fOTty-six hundredths of an inch. Planters are send
ing their crop to market freely, but it is being held for better
prices, henoe the large stock. Average thermometer 57, high
est 78 and lowest 28.
•
’ gu
Atlanta, Georgia.—It has rained on one day o f the week
the rainfall reaching one inch and fifty-five hundredths
The
thermometer has averaged 52, ranging from 20 to 65.
' •
^
Charleston, South Carolina.— W e have had rain on three
days of the week, the rainfall reaching one inch and eight
hundredths. The thermometer has ranged from 30 to
averaging 57.
Columbia, South Carolina.— Telegram not received.
India Cotton M ovement from all P orts.— W e have re-arranged
0?%Jndia service so as to make onr reports more detailed and
at the same time more accurate. W e had found it impossible
to keep out of our figures, as cabled to us for the ports other
than Bombay, cargoes which proved only to be shipments from
one India port to another. The plan now followed relieves ua
from the danger of this inaccuracy and keeps the totals correct.
We first give the Bombay statement for the week and year
bringing the figures down to November 22.
B O M B A Y R E C E IP T S A N D SH IP M EN T S F O R F O U R Y E A R S .
Shipments this week. Shipments since Jan. 1.
Fear Great Conti
Great Conti
Brit’n. nent. Total. Britain nent.
Total.
Receipts.
This
Since
Week. 1 Jan. 1.
Ì883 6,000 4.000 10,000 460.000 787.000 1.247.000 20,000 1.619.000
1882 2,000 4.000 6,000 781.000 624.000 1.405.000 15.000
1.683.000
1881 1,000 11,000 12,000 334.000 580.000 914.000 19.000
3.000 3,000 362.000 508.000 870.000 9.000 1.258.000
wi?hSi 1sai'ic1C^21?QoeK
1^8t! ^?ai ’ 18 111,763 bales, as compared 1880
1.127.000
with 1881 is 78,788 bales, and with 1880 is 1,928 bales.
W e a t h e r R e p o r ts b y T e l e g r a p h .— The weather has in . According to the foregoing, Bombay appears to show an
general been favorable during the week at the South. Pick increase compared with last year in the weeks receipts of 5,000
in g has continued to make satisfactory headway, except at a bales, and an increase in shipments of 4,000 bales, and th e
le w points m the Mississippi Valley, where rain has caused shipments since January 1 show a decrease of 158,000 bales.
The movement at Calcutta, Madras and other India ports
some interruption, and in Texas is almost completed.
Galveston, Texas.— It has been showery on four days of for the last reported week and since the 1st of January, fo r
two_years
has been as follows.
“ Other ports” cover Ceylon,
xhe week, the rainfall reaching one inch and seventy-one
lu many sections of the State picking is finished,
n,nd. with good weather will probably be virtually over everyShipments fo r the week.
Shipments since January 1.
W .?Fe
a weeh
The killing frost was confined to the
Great
Conti
Great
northern third of the State. Average thermometer 61, highest
Total.
Continent. Total.
Britain. nent.
76, lowest 43.
.
,r
J
wie increase m amount in signt
lndianola, Texas. -W e have had Huuwers
showers on two days
of Calcutta—
uays oi
•
evf-’ ? .
ramfall reaching twenty-six hundredths of an
is nearly over. The thermometer has averaged
64, ranging from 45 to 80.
i - w S t u6’ T™as.—It has rained on three days of the week,
Tf jo
a
one inch and seventy-one hundredths.
f b I T l°APlckJout the remnant of crop in fields, but will
W ?
n -feW
of dry weather. Roads are bad. W e
have had killing Jrost on two nights of the week.
The
thermometer has ranged from 34 to 75, averaging 56.
Orleans, Louisiana .— Telegram not received,
&nreveport, Louisiana,— Telegram not received,
1 8 8 3 ......
1882........
Madras—
1 8 8 3 ......
1882........
All others—
1883........
1882........
Total a l l 1883........
1 8 8 2 ......
xuc
the ports
*
900
700
400
1,300
86,200
108,300
10,800
32,400
97,000
140,900
700
29,600
71.200
1,000
5,000
30,600
76,200
47,000
49.200
17,000
26,700
64,000
75,900
162,800
28,800
191,600
400
i,t>00
2,000
228,900
64,100
293,000
usuano ivi ime ucci! ouuv* m ai tue movement from
other than Bombay is 2,000 bales less than sama
THE CHRONICLE:
568
week last year. For the whole of India, therefore, the total ship
ments since January I, 1883, and for the corresponding periods
®£ the two previous years, are as follows.
E X P O R T S T O E U R O P E P R O M A L U IN D IA .
Shipments
to alt Europe
fro m —
1883.
This
■week.
Since
Jan. 1.
1882.
This
week.
1881.
Since
Jan. 1.
This
week.
Since
Jan. 1914,000
201,600
B o m b a y ...........
All other ports.
10.000 1,247,000
191,600
6,000 1,405,000
2,000 293,000
12,000
1,600
T o ta l..........
10,000 1.438,600
8,000 1,698,000
13,600 1,115,600
This last statement affords a very interesting comparison of the
total movement for the three years at all India ports.
A l e x a n d r ia R eceipts a n d S h ipm ent s .— Through arrangements
we have made with Messrs.-Davies, Benachi & Co., of Liverpool
and Alexandria, we now receive a weekly cable of the movements
cotton at Alexandria, Egypt. The following are the receipts
and shipments for the past week and for the corresponding week
c f the previous two years.
_______________________ _________
[Voi* XXXTII.
line of the merchandise described therein, on the grounds that
it is not bound by the receipt of its agent, and that in case of
fraud or mistake on the part of its agent the innocent indorser
and not the line must suffer.
Resolved , That such a position is at variance with the longestablished custom of business, and if adhered to will unsettle
thè whole course of business transactions, and render uncertain
and unsafe the credit which banks and merchants have hereto
fore invariably given sqch bills of lading.
Resolved, It is the opinion of the Board of Managers of the
New York Cotton Exchange that it is unreasonable and unjust
that any doubt should exist of the legal liability of any
common carrier for the receipt of its authorized agents, i f
there be such doubt, it should at once be remedied by appro
priate legislation.
Resolved, That a copy of these resolutions be forwarded to
the other Exchanges of the city in order that such action may
be taken as seems most desirable.
Is it not evident that, if the decisions of the Supreme Court
of the United States, as is claimed,, relieve the transportation
A lexandria, Egypt,
company from liability in cases like the present, that a law
1882.
1881.
1883.
November 22.
should be passed changing such a ruling.
Certainly the
Becelpts (cantars*)—
170,000 immense amount of merchandise shipped to New York and
180,000
170.000
This w eek___
1,127,550
1,002,000
676.000
Since Sept. 1
represented by bills of lading make it of the highest importance
This
Since
This
Since
Since
This
week. Sept. 1. iVweek. Sept. 1. week. Sept. 1 that the responsibility should be made to rest uniformly with
the right party— that is with the transportation companies.
SExports (bales)—
T o L iverpool............... 7,000 65.000 10,000 46,000 8,000 56,500 They appoint their own agents, whose nets the mercantile and
4,000 2,659 21.923 financial community cannot possibly control.
To C on tin en t............. 4,000 25.000 3,000
Total E urope......... 11,000 90,000 13,000 50,000 10,659 78,423
E a s t I n d ia C r o p .—Messrs. Wallace & Co.’s cotton report
* A cantar is 98 IDs.
dated Bombay, October 13, has just come to hand. From it
we
extract the following :
This statement shows that the receipts for the week ending
“ For the last two days heavy rain has been falling in Bom
S o t . 22 were 180,000 cantars, and the shipments to all Europe
bay, a most unusual thing so late in October, and we hear
were 11,000 bales.
M a n ch ester M a r k e t .— Our report received from Manchester ■ to-day -that similar heavy rain has also fallen in the Oomrato-night states that the market is firmer, owing to Liverpool wuttee districts, and that considerable damage will probably
advices. We give the prices of to-day below, and leave pre result. In Broach, also, a light rain has fallen, and the
weather looks threatening. Dhollerah, however, has so far
vious weeks’ prices for comparison.
not suffered, and subject to the weather being favorable hence
1883.
1882.
forward, a good yield may be expected. The following tele
grams have just been received from up country : ‘Heavy rain
Oott’ n
cote
32s (lop.
8*4 lbs.
32»
Cop.
8*4 lbs.
Mid.
Mid.
in Khamgann, seriously injuring the ripening crop.’ ‘Heavy
Iwist.
Twist.
Shirtings,
Shirtings.
Uplds
JJpld rain in Sneagaon, still falling, much harm done, sky cloudy.’
‘Gentle showers in Oomrawut'tee, clouds gathered.’
‘Few
d.
d. s. d. s. d.
d.
d. 8. d. s. d
d.
d.
513l6 93s ® 9 78 6 4*2®7 10*2 7
Sept 21 8*4 ® 878 5 6 ® 7 0
drops rain in Broach yesterday, cloudy to-day, but clearing
*♦ 28 8sia—9i3i6 5 6 ® 7 0
9
5%
938 ® 9% 6 3 ® 7
6 78
up; no rain Bhownugger.’ ”
838 ® 9 5 6
■Oct. 5
«4 12
M 19
44 26
Nov. 2
9
16
M 23
8?i e® 9
87i«® 9
9
8^16'® 9
87i « ® 9
87i6 ® 9
8*2 ® 9*8
5
5
5
5
5
5
5
® 7 1*2
6 ®7 1*2
6 ®7 1*2
7 ® 7 1*2
6 ® 7 1*2
6 ® 7 1*2
6 ® 7 1*2
7 ® 7 1*2
5 78 96i0®9Hifi
9% ® 9%
6*8
5U-16 93s ® 9%
6
9*4 ® 9*2
6
9316® 93g
51518 93le@ 93g
5 78
9*8 ® 9*4
5*016 8 78 ® 9*2
6
6
6
6
5
5
5
5
1*2®7
1*2®7
1*2@7
0*2®7
11*297
11*2 ®7
10 ® 7
10 ® 7
8
9
9
7*2
6
6
4*2
4*2
6 s8
6^
63s
6*8
6*8
6*8
T h e C otton C r o p a n d W e a t h e r C o n d itio n s .— Our readers
will find in our editorial columns this week a review of our
weather records, and some reflections as to the extent of the
present crop.
L i a b il i t y U n d e r B il l s op L a d in g .— The important questior
regarding the liability of a principal for the acts of his agenl
la s been brought prominently before the commercial commu
nity by the publication of the following transaction :
A New York firm of cotton brokers, well known for respecta
bilfty and prudence, on March 6, this year, advanced, in the
regular course of business, about $11,000 on a bill of lading foi
294 bales of cotton, issued by the Blue Line Transportatior
Company, and signed by its Memphis agent. On presentatioi
9f the bill of lading, the line said that the cotton had not beei
shipped, that the agent had absconded, and the New Yorl
Central, as representative of the Blue Line, refused to mak<
good the loss. Said brokers, as well as other New York houses
have repeatedly received cotton on bills of lading signed bj
the same a gen t; the Blue Line, on an inquiry made bv i
prominent cotton house of this city, have acknowledged him a:
their duly authorized agen t; and the New York Central hai
admitted that before his disappearance they would have read
3 y certified to the validity of the document as perfect security
for an advance. But on the plea of fraud committed by th<
agent, they disclaim liability, and up to this time the partj
that made the advance in good faith has been unable to obtaii
any redress.
The subject has been brought before the board of manager*
of the New York Cotton Exchange, who have passed the fol
lowing resolutions, and copies have been sent to the variou*
exchanges of this city, to all boards of trade, and other corpo
rations interested in the matter:
_ Whereas, A certain transportation company, known as the
Bine Line, has by its regularly authorized agent issued a bill
of lading, upon which certain members of our Exchange have
advanced; and
■J^hereas, The said Blue Line decline to recpgnize the binding
effect of said bill of lading as evidence of the receipt by said
C o m pa r a tiv e P o rt R eceipts a n d D a il y Cro p M ov e m e n t .—
A comparison of the port movement by weeks is not accurate
as the weeks in different years do not end on the same day of
the month. ^W e have consequently added to our other standing
tables a daily and monthly statement, that the reader may
constantly have before him the data for seeing the exact relative
movement for the years named. The movement each month
since September 1,1882, has been as follows.
Monthly
Receipts.
Year B eginning September 1.
1883
1882.
1881.
1880.
1879.
1878.
326,656
980,584
429,777
853,195
458,478
968,318
333,643
888,492
288,848
689,264
Totalyear 1,389,901 1,307,240 1,282,972 1,426,796 1,222,135
P ìrc’ta g e o f tot. pori
2T 72
27 T 8
receipts Oct. 3 1 ...
24-29
24-43
978,112
Sept’m b’r 343,812
O ctob er.. 1,046,092
21-99
statement shows that up to Oct. 31 the receipts at the
ports this year were 82,684 bales more than in 1882 and
106,932 bales more than at the same time in 1881.
The
receipts since September 1, 1883, and for the corresponding
periods of the five previous years have been as follows._____
This
1883.
1882.
1881.
1880.
1879.
1878.
Tot.Oct31 1,389,904 1,307,240 1,282,972 1,426,796 1,222,135 978,112
32,374
36,792
46,514
30,704
27,243
Nov. 1—
29,104
43,629
« 2 ....
38,060
27,151
S.
21,848
37,897
41.574
“ 3 ....
37,218
35,983
8.
46,140
33,538
S.
38,904
48,836
“ 4 ....
38,310
30,964
41,655
61,344
S.
31,603
1 5 ....
55,664
30,902
27,896
38,558
49,216
S.
« 6 ....
29,924
29,682
23,380
34,133
42,475
46,365
S.
“ 7 ....
49,319 . 34,808
37,582
34,304
32,773
28,562
40,193
43,978
“ 8 ....
40,389
35,842
“ 9 ....
63,578
36,297
S.
27,281
33,590
33.268
57,777
46,584
“ 1 0 ...
31,966
S.
47,069
S.
38,651
« 1 1 ....
26,138
32,849
32,833
29,130
S. ~
« 1 2 ....
57.258
51,779
32,278
33,448
s:
30,801
52,090
« 1 3 ....
38,451
36,503
24,002
36,748
33,566
31,943
S.
“ 1 4 ....
43,440
22,793
35,669
31,427
32,175
49,862
" 1 5 ....
35,631
35,647
41,244
57,381
47,217
41,557
« 1 6 ....
8.
26,421
25,136
55,455
31,535
“ 1 7 .... . 28,558
38,465
S.
38,822
65,535
S.
34,094
39,097
“ 1 8 ....
23,170
3d,309
S.
49,735
61,119
“ 1 9 ....
27,553
36,435
S.
31,026
46,630
“ 20....
28,335
26,413
24,481
27,893
60,435
36,198
S.
“ 2 1 ....
51,249
31,998
39,560
31,330
36,808
“ 22....
40,619
✓ 26,574
38,871
45,738
32,690
36,048
34,394
’ 1 2 3 ..,.
S.
21,906
T otal....... 2,198,099. 2,134,099 2,051,070 2,217,872 1,912,420 1,567,5«.5
Percentage o f total
port rec’pts N ov.23
35",45
43-45J
35-24
37-T4
38-24
THE CHRONICLE.
’N o v e m b e r 24, 188&]
This statement shows that the receipts since Sept. 1 up to
•to-night are now 64,000 bales more than they were to the same
day of the month in 1882 and 147,029 bales more than they were
to the same day of the month in 1881. W e add to the table
the percentages of total port receipts which had been received to
November 23 in each of the years named.
J ute B utts , B agging , & c.— The market is not active, the trade
being of a jobbing character.
Few inquiries are reported for
large parcels, but the inquiry is fair for small orders.
Prices
continue firm, holders not caring to accept less than quoted
figures, which are 9%c. for 1% lbs., 9%c. for 1 % lbs., 1 0 ^ c . for
2 lbs., and l l ^ c . for standard grades. Butts are rather slow
of sales, manufacturers being fairly supplied for the present»
and are not willing to pay asking rates. Sellers are still firm,
and we do not hear of anything offering below 2 7-16c. @2%c. for
paper grades and 2 % g.@ 2 % c. for bagging qualities on spot,
but to arrive it is probable that a shade less would buy.
_ T he E xports op C otton from New York this week show a
decrease, as compared with last week, the total reaching 11,119
pal6S, against 17*420 bales last week. Below we give our usual
table showing the exports of cotton from New York and their
direction, for each of the last four weeks; also the total exports
and direction since September 1, 1883, and in the last column
the total for the same period of the previous year
E x p o r t s o p Cotton (b a l e s ) fro m N e w Y o r k since s e p t . i . 1883.
Week ending—
Exported to—
Liverpool..................... .
Other British ports..........
Nov.
1.
Nov.
8.
Nov.
15.
Nov
22 .
Same
Total period
since prevVus
Sept. 1. year.
9,941 9,069 12,823 7,290 108,168 178,346
2,015
2,053 2,057 14,062
2,526
T o t a l to G r e a t B rit ain 11,956
9,069 14,376 9,347 122,230 180,872
Havre.......................
Other French ports
Total bales,
T o Amsterdam, per hark Johannes Foss, 1,264 U pland . . . . 1,264
To Barcelona, per hark Neptun, 1,336 U pland___per brigs
Lola, 620 U pland-----Vilasar, 500 U pland............................... 2,455
Savannah —To Liverpool, per steamers Brema, 5,091 Upland
....C a rlisle, 6,286 Upland and 150 Sea Island___ Ealing,
5,600 Upland and 120 Sea Islan d___ per ship Success,
4,200 U p la n d ....p e r bark Boroma, 2,854 U pland................ 24,301
To Amsterdam, per steamer Harbinger, 5,350 U pland........... 5,350
To Barcelona, per steamers Annade Sala, 4,100 U pland___
A polo, 4,803 Upland................................................................... . 8,903
To Genoa, per hark Cyclone, 2,896 U pland...............................
2,896
G alveston —To Liverpool, per steamers Effective, 4 ,5 4 6 ___
G rafton, 4 ,8 0 2 ....Mounts Bay, 6 ,0 0 0 ....V o la , 3,399........... 18,747
To Bremen, per steamer Hohenzollern, 4 ,4 23............... .
4,423
Wilmington —To Liverpool, per bark A tlantic, 1 ,5 2 3 ............ .
1,523
To Falmouth, for orders, per hark Sirene. 2 ,1 07.............. .
2,107
To Amsterdam, per bark Empress o f India, 9 1 0 .............. .'. . . .
910
N o rfo lk —To Liverpool, per steamer Hugo, 8 ,1 0 0 ........................ 8,100
B altim ore —To Liverpool, per steamer Hibernian, 1 ,5 4 9 ......... . 1,549
To Bremen, per steamer Hermann, 1,416 ...................... ....... . 1,416
Boston —To Liverpool, per steamers Marathon, 7 2 3 .,..Missouri,
4 7 6 ---- Virginian, 44 2..............................................
1,641
Ph ila d e l ph ia —To Liverpool, per steamers Illinois, 2 ,5 2 2 ___
Ohio, 1,524 .................................................................................
4,046
San F rancisco —T o Liverpool, per ship E dw ard O’Brien, 177
(foreign)....................................................
177
Total............................. ........................ .....................................201,805
The particulars of these shipments, arranged in our usual
form, are as follows:
New York.
N. Orleans.
Mobile.......
Charleston.
Savannah..
Galveston..
Wilmington
Norfolk___
Baltimore..
Boston........
Philadelp’a
San Fran..
Falmouth,
f o r orders,
Liver- and
pool. Hull. Havre.
7,290 2,057 .........
33,822 ......... 14,840
3,601 ....... . .........
8,896 ....... . .........
24,301 ......... I .......
18,747 . . . . . . . . . . . .
1,523 2,107 .........
8,100
1,549
1,641
4,046
177
Amster- Reval Barcedam <£- and
Iona
B re- Ant- Sebasand
men. werp. topol. Malaga.
360
1,250
9,550 ......... 16,975 5,115
....................... ................... . .
5,417 1,264 . . . . . . 2,456.
......... 5,350 .......... 8,903
4,423 .....................................
.........
910
...... ...... ............... .
.......................
.......................
. . . . . . .........
.........
......
...
1,416 ..............................
................................................
......... ..................
..................
Total.:
11,119
82,963
3,601
18,033
41,450
23,170
4,540
8,100
2,965
1,641
4.046
177
T otal... 113,693 4,164 14,840 21,166 8,77416,975 16,474 201,805
Included in the above totals are from New York to Genoa, 162 bales;
from New Orleans to Genoa, 2,661 bales; and from Savannah to Genoa,
2,896 bales.
T o ta l F r e n c h ____
Bremen and H an over___
H am burg..........................
Other ports........................
1,105
2,083
1,000
T o t a l t o N o r t h . E u rope
3,288
1,619 1,095
100
100
519
160
360
25 . . . . . .
910 1,250
8,045
13,563
23,276
17,173
21,092
1,610 35,923
61,541
1,894
2,279
4,173
14,310
Spain, Op’rto, Gibralt’r,&c
All other........................... ■
......
150
162
2,893
1,465
T o ta l Sp a in , & o ..............
......
150
162
4,358
G ran d T o t a l ................... 15,544 11,338 17,420 11,119 177,095 262,996
T he F ollowing are the G ross R eceipts of Cotton at New
York, Boston, Philadelphia and Baltimore for the past week
and since September 1. 1883:
Receipts
from—
569
New York.
Boston.
1Philadelphia.
Baltimore.
This
This
Since
Since This Since This Since
week. Sept. 1. week. Sept. 1. week. Sept. 1. week. Sept. 1.
Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to th e;
latest mail dates:
G alveston —For Liverpool—Nov. 19—Steamer Wattington, 4,803.
For Vera Cruz—Nov. 19—Steamer Whitney, 1,274.
N e w O rle a n s —For Liverpool—Nov. 16—Steamers Accomac, 7,006;
Author, 2,023__ Nov; 21 —Steamer Borinquen,-------- .
For Havre—Nov. 16-Steamer Wydale, 4,827.......Nov. 2 0 —Ship
Thomas Lord, 4,067....Nov. 21—Ship He Martha, 4,350.
’ For Sebastopol—Nov. 21—Steamer Joseph Ferens, 4,991.
Sa van n ah —For Liverpool—Nov. 16—Ship William, 3,500.
For Barcelona—Nov. 21—Bark August Smith, 300; Brig Providencia,
Charleston —For Liverpool—Nov. 19—Bark Gusta Helene, 1 ,4 75 ....
Nov. 21—Bark Capenhurst, 1,850.
No rfo lk —For Liverpool—Nov. 16—Steamer Carolina, 5,016___Nov.
17—Steamer Fern Holme, 7,305: bark Sampo, 2,805.
B oston —F or L iverpool—Nov. 2 0 —Steamer N orsem a n ,-------- .
B a l t i m o r e —For
Liverpool—Nov. 1 5 — Steamer Emiliano,
19—Steamer Nessmore, 2 , 0 5 8 .
2 , 4 7 0 . . . . Nov.
Below we give all news received to date'of disasters to vessels
carrying cotton from United States ports, &c.-:
"Í99 7,380 2,8*97 34,207 A l b e r t a , steamboat, plying on the White River, Arkansas, was burned
at .Tacksonport, on White River, P. M. of Nov. 17, destroying her
‘ ’ 773
cargo of seed and 500 bales of cotton. There was no insurance on
2,477
3,928 52,335
either vessel or cargo. The passengers and crew saved themselves
321 5,485
800
458 10,915
1,490 10,295
by jumping overboard.
1.865 10,477
14,474 98,505 2,745 24,203 3*332 16*982 5,604 36,152 S. H . P a r is o t , steamboat, from Vicksburg for Hew Orleans, w a s
49
560 5,350 33,478
destroyed by Are at 5 A. M., Nov. 18, at Bullett’s Bayou, eight
2,890
7,857 12,553 21,958 " " 7 6 570*32 *"¿*8*3 2,55*4
miles above Natchez. No lives were lost. The Parisot 'left Vicks
14
burg Saturday, for New Orleans, with 3,100 bales of cotton, 1,300
907
sacks oilcake and 500 barrels of oil. The total loss is estimated at
This year. 44,885 441,066¡26,170 100,594 3,868 34,S79 11,507 94,305
over $200,000.
-------------. The British schooner Mary Jane arrived at Key West, Nov.
Last year. 48,469 431,546¡18,820 111,031 4,775 46,095 12,639 94,001
22, A. M., with 26 bales of cotton, which she had picked up in thè
vicinity of the Sombrero lighthouse. The afternoon of the same
day the British schooner Getrnde arrived with 11 bales, and the
S hipping N ews .— The exports ot cotton from the ITnited
American schooner Three Brothers with 39 bales. The cotton
States the past week, as per latest m ail returns, have reached
apparently had not been in the water more than two or three days.
No
news, however, has been received here of any vessel ashore on
201,805 bales. So far as the Southern ports are concerned, these
the
Florida ooast. The steamer Lampasas, which arrived the
are the same exports reported by telegraph, and published in
same day, reports seeing several bales in the Gulf near Carysfort.
the Chron Icle last Friday. With regard to New York, we
Cotton freights the past week have been as follows:
Include the manifests of all vessels cleared up to Thursday
night o f this week:
Fri.
Satur.
Mon.
Tues. Wednes. Thurs.
Total bales.
N. Orl’ans
T e x a s ....
Savannah
M obile...
Florida. .
B.Car’lina
N.Car’lina
Virginia..
North, pts
Tenn., &c.
Foreign >.
7,849 98,572
7,829 80,127
5,589 89,431 5,522 23,15*5
N e w Y o r k —T o Liverpool, per steamers Arizona, 94 9__ B altic,
1 ,5 05-----Bothnia, 1 ,1 33___ Germanic, 1,970___ Nasmyth,
1,1 05___ Spain, 62 8...................
7,290
T o H ull, per steamers, Galileo, 1,956___M arengo, (addi
tional) 10 1_________________
2,057
T o Bremen, per steamers Elbe, 2Ö0.. . . General W erder, l 6 o .
360
To Am sterdam , per steam er Edam, 5 0 0 ............ ......................
500
To A ntw erp, per steamer Pennland, 75 0................... ................
750
To Genoa, per steam er W ashington, 162......... : . . . ....................
162
N e w O rleans —T o Liverpool, per steamers Egyptian Monarch,
8,0 62— Federico, 5 ,1 40___Muroiano, 3 ,1 5 0 ___ Silverton,
1 0 ,5 0 7 ....Yucatan, 6 ,9 6 3 ............................................................ 33,822
To Havre, per steamers Briscoe, 6,921___ F oum el, 3,68 L -...
Panama, 4,2 38.............................................................. . . . . , ........ 14,840
per steamers Egbert, 4 ,4 5 0 ___ R oxburgh Castle,
0,100. ........................................ \ ......... ................ I* .............I 9,550
a
per, 8teamers Glenm avis, 5 ,8 21___ Regina, 6 ,3 8 4 .. 12,205
Sebastopol, per steamer Kate, 4 ,7 7 0 ....................... .
4,770
1
°«^%Per steamer Castilla, 2,167. ...p e r barks Maria
rrJ£rer,esa’ ° 47--- -Nuevo Lantoro, 5 0 1 ....... ............................. 8,615
To Malaga, per steamer Castilla, 1,500....................................... 1,500
-my™ ? ¿r i?.08? P er steamer Clandon, 2,6 61............................1.........
2,661
K
won t X
« ’ pel;steam er South Tyne, 3,601 ................
3,601
imARLESTON—To Liverpool Der steamer Pedro, 2,751 Upland
T T n S H akonJarl, 1,575 U p lan d .. .Jam es Kenway,
2,677 UplaQd
To Bremen, per steamer lis c a r dj 5 ,4 17 TJpiand" . " . . . . .
8 896
5,417
Liverpool,steamd. 316~13¿4*31S“1364*3I6~1364*316~1364*3ï6~13e4*31S-1364*
....
....
....
Do
sail...d. ....
.... . ....
Havre, steam_c. 716*
71S* 716*
7ie*
716* 716*
....
Do sail.. ....c. ....
....
....
....
8remen, steam, .c. 716* 716* 716*
7ia*
716*
716v
....
....
.... . --....
Do sail.... c. •••»
3a*
3S*
V
Hamburg, steam.c. 3g<
3SV
—
....
....
....
Do
sail...c.
....
lfl*
V
Ifl*
V
Amst’d’m, steam.c. lg*
....
—
....
....
....
Do
sail...c. ....
Reval, steam__d. 932*
932* 932* 932* »32* 932*
....
....
—•
....
Do sail...... c. ....
Barcelona,steam.e. M&g 1®
16* 1516* 1516* 1B16* 1616*
5s*
®
8*
»8*
®
8*
Genoa, steam_c. «8*
¿53®%* 58®%* 5s®%* *8®%* *8®%*
Trieste, steam ,..c.
39*
83*
fl 89*
V
Antwerp, steam..c.
Compressed.
L iverpool .— By cable fnpm Liverpool, we
statement of the week’s sales,... stocks, &c.,
add previous weeks for comparison.
have the following
at that port. We
THE CHRONICLE.
570
Bales o f the w eek ............ bales.
O f w hich exporters took —
O f w h ich speculators to o k ..
Bales A m erican — ...................
A ctual e x p o r t.........................
F o rw a rd e d ......... .............- ........
T ota l stook -E stim a te d ............
Of w hich Am erican—Estim ’d
T otal im port o f the we e k ........
O f w h ich A m erican...............
Am ount afloat.......... .................
Of w h ich A m erican...............
Nov. 2.
Nov. 9
63.000
2.700
2.700
39.000
7,400
7,000
433.000
226.000
35.000
18.000
192.000
126.000
58.000
2,900
970
43.000
7,400
10,500
438.000
228.000
78.000
51.000
216,000
161,000
Nov. 16. 'Nov. 23
55.000
3,600
670
39.000
3,300
8,800
434.000
224.000
59.000
40,500
262.000
216,000
88,000
3,000
2,300
59.000
7,200
17.000
432.000
231.000
104.000
80,000
289.000
239.000
The tone of the Liverpool market for spots and futures each
day of the week ending Nov. 23, and the daily closing prices
o f spot cotton, have been as follows.
Saturday Monday. Tuesday. Wednes. Thursd’y. Friday.
Spot.
Market, Ì,
Firm.
12:30 p . m . J
Mid U pl’ds
515t6
M id.O rl’ns
6U0
10,000
Sales.........
1,000
Bpec.& exp.
Futures., ■
Market, ?
12 :30 p .m . $
Market, )
5 P. M. $
Firm.
Firm.
Firm.
Steady.
Steady.
5l6le
6*16
12,000.
1,000
5 1516
6 316
14,000
1,000
5i5ie
6iifi
15,000
2,000
5!516
6 iie
12,000
1,000
51516
òhe
15,000
1,000
Quiet.
In buyers
favor.
Quiet.
Flat.
.Weak.
Steady.
Steady.
Barely
steady.
Weaker. Very qui’t
Dull.
Barely
steady.
The opening, highest, lowest and closing prices of futures at
Liverpool for each day of the week are given below. These
prices are on the basis of Uplands, Low Middling clause, unless
otherwise stated.
The prices are given in pence and 6iths, thus: 5 62 means 5 6 2 -6 4 d .,
and G 03 means 6 3-64cf.
•
.
S a t,, N ov. 1 7 .
T u es., N ov. 2 0 .
M on ., N ov . 1 9 .
Open High Low. Clos. Open High Low. Clos. Open High Low. Clos.
November..
Nov.-Dee...
Dec.-Jan....
Jan.-Feb....
Feb .-March
Mar.-Apr...
April-May..
May-June .
June-July..
July-Aug...
Aug .-Sept..
Sept.-Oct...
d.
d.
a.
d.
a.
d.
d.
5 61
5 58
5 58
5 5S
5 60
563
6 02
6 06
5 62
5 59
5 58
5 59
5 61
6 00
6 03
6 07
5 61
5 58
5 58
5 58
5 60
5 63
6 02
6 05
5 61
5 58
5 58
5 58
5 60
5 63
6 02
6 05
5 62
5 58
558
5 58
5 60
6 00.
6 03
6 06
5 62
5 58
5 58
5 58
5 60
6 00
6 03
6 07
5 60
5 5?
556
5 57
5 59
5 62
6 02
6 04
W ednes. N ov. 2 1 .
d.
d.
5 61 5 62
5 57 5 58
5 58 5 53
5 58 5 59
5 60 5 61
5 63 6 00
6 02 .6 03
6 07 6 06
T h u rs., N ov. 2 2 .
d.
d.
5 63
5 59
5 59
560
5 62
6 01
6 04
6 07
5 62
5 58
5 58
5 59
5 61
5 63
6 03
6 06
d.
5 63
5 5a
5 59
5 60
5 62
6 01
6 04
6 07
F r i., N ov. 2 3 .
Open High Low. Clos. Open High Low. Clos. Open High Low. Clos.
November..
Nov.-Dee...
Dec.-Jan...
Jan.-Feb..-..
Feb.-March
Mar.-Apr...
April-May..
May-June..
June-July..
July-Aug,..
Aug.-Sept..
Sept.-Oct...
a.
d.
5 63
5 59
,5 59
5 60
5 63
6 01
6 05
608
611
5 63
5 59
5 59
5 60
5 63
6 01
6 05
6 08
611
A.
5 61
558
5 58
558
5 61
5 63
6 03
6 07
6 11
a.
5 61
5 58
5 58
5 59
5 61
563
6 03
6 07
611
d.
d.
d.
d.
5 60 5 61 5 60 5 61
5 58 5 58 5 57 5 57
5 59 5 59 5 58 5 58
561 5 61 5 60 5 60
6 00 6 00 5 62 5 62
d.
5 62
5 58
5 59
559
5 61
5 63
6 03
d. '
5 63
5 60
5 59
5 60
5 63
6 01
6 03
d.
5 62
5 5'
5 59
5 59
5 61
5 63
6 03
d.
5 63
5 60
5 59
5 60
5 63
6 01
6 03
[VOL. X X X Y I ^
advance prices a fraction. New Yorkoperators-have responded
very cautiously to the Chicago lead, not being able to under
stand how war between the two nations mentioned could
materially, if at all, effect the grain commerce. The visible
supply in this country has increased 629,801 bushels during
the week, and there has also been a trifling increase in the
quantity in transit for Europe. Both white and spring grades
have continued scarce, especially the former, but with rather
dull foreign markets the fact has not been seriously felt.
Yesterday No. 2 Chicago spring sold in store at $1 07, and
Port Washington spring at $1 09 delivered, ungraded white
selling at the same time at 80@97c., the lower figure for
inferior. To-day the market was quiet but steady on the
spot, but options, though fairly active, declined % c .; No. 2 red
sold on the spot at $ 1 1 2 % in elevator and for future delivery
at $ 1 10% @ 1 11 for December, $1 12% @ 1 13% for January,
$1 1£%@1 15% for February and $1 19% @ 1 19% for May.
The total transactions to-day, including considerable business
late in the day, reached 16,376,000 bushels, N o. 2 red closing
firm at $1 10% for November, $1 11% for December, $1 13%
for January, $1 15% for February and $1 20 for May, these
figures showing a recovery of the decline early in the day,
and a subsequent slight advance.
Indian corn has also been only moderately active on foreign
account, and the speculative transactions have likewise reached
a comparatively modest aggregate. Prices have fluctuated
frequently within a narrow range, but latterly have shown a
tendency to advance slightly on most deliveries, while the May
option has risen 1 % cents during the week. The prices at the
Western marts have been stronger, owing partly to some de
crease in the receipts, and partly to a diminution of 435,569
bushels in the American visible supply, though the reductions
referred to have been in a measure at least neutralized by the
dulness of the European markets and the slowness of the
foreign demand here, consequent on this fact and the small
supply of ocean tonnage. To-day the market was % c. to % e.
higher and fairly active for future delivery; No. 2 mixed sold
at 62c. afloat, 60% @ 60% c. for December, 60% @ 61% c. for both
January and February and 62@63%e. for May. The export
trade increased somewhat towards the close, and the total
cash transactions reached 340,000 bushels to-day. Barley has
been moderately active, only at prices showing no marked
change. Rye was to-day in brisk demand, partly spec ulative
for the covering of shorts, and prices advanced sharply.
Oats have been moderately active and somewhat depressed,
though latterly there has been a slight recovery.
There is
little animation in the speculation or in legitimate trade either
here or at the W est, To-day the market here was % e. higher.
No 2 mixed sold at 36@36% c. for December, 37% @ 37% c. for
January, 38% @ 38% c for February and 40% @ 40% c. for May,
The following are closing quotations :
FLOTJK.
No. 2 s p r i n g . . . b b l . $2 25®
No. 2 w in t e r ___ ...... 2 75®
Superfine..................... 2 90®
Spring wheat extras.. 3 75®
Minn, clear and stra’t 4 00®
Winter shipp’g extras. 3 60®
W inter clear and
str a ig h t.................. 4 00 ®
Patents, sp rin g .......... 5 75®
Patents, w in t e r .... . . 5 50®
2 90 City shipping extras$5 00®
3 10 Southern bakers' and
fam ily b r a n d s ___ ..4 75®
3 40
5 00 South’n ship’g extras. 3 90®
5 75 Bye flour, superfine.. 3 65®
3 90 Corn meal—
Western, &o.............3 00®
Brandywine. <%e___3 35®
6 25
7 00 Buekwheat flour, $
7 2 5 i 100 lb s.............. . . . . 3 6 0 ®
5 60
6 62^
5 65
3 90
3 35
3 40
3 80
O K A IK .
BREADS TU FFS.
F e id a y . p. m ., Nov. 23, 1883.
Flour has been in the main very quiet, and prices have been
more or less depressed. The receipts have been comparatively
small, however, and this fact has prevented any material de
cline. ^ The export trade has been light, not only with Europe
but with the W est Indies and South America, and the supply
here, though not excessive, is ample in the present state of
trade, besides being largely of low grade. To-day the market
was dull and weak. Complaint is being made here o f alleged
axity in the grading of flour, and a movement is on foot look
ing to the formation of a board of inspectors under the control
of the Produce Exchange. It was averred that “ extra spring ”
flour sold here to-day at $3 25, which, if the grading had been
strict, would have brought from 25 to 50 cents more. It is also
•claimed that irregular inspection is injuring the trade here
quite noticeably.
W heat has sold but moderately for export, partly owing to
the scarcity of freight room, and the speculation as a rule has
also not exceeded comparatively moderate limits. Prices have
fallen 1 to 2 cents in sympathy with easier quotations in Chi«ago, though within a day or two the threatened rupture
between France and China has been used in that market to
Rye—W estern................70 q ®
W h e a tSpring, per bush. 1 0 0 ® 1 10
State & Canada....... 74 ®
Oats—-M ix ed ................. 35 ®
Spring No. 2 ------ 1 07 ® 1 08
W hite..........................3 7 ^ 9
R ed winter, No. 2 1 12% ® 1 l S ^
No. 2 m ixed .............. 3614®
R ed w in t e r ......... _ 98 ® 1 17
: No. 2 w h ite ................38 ®
W h i t e . . . . . . . . ___
80 ®1 la
White No. 1 . . . . ;
........® ......... : B arley —No. 1 Canada. 91 ®
No. 2 C a n a d a ....... 85 ®
Com —West, m ixed
54 ® 61
State, tw o-row ed
70 ®
West. m ix. No. 2 .
62 ® .........
State, six -ro w e d ___ 78 ®
White Southern..
67 ® 70
B u ck w h e a t...................90 ®
Y ellow Southern.
63 ® 65
Western w h ite....... '. 61 ® 63
72
74*2
37
42
36%
383s
92
86
.........
80
95
The movement of breadstuffs to market is indicated in the
statements, below, prepared by us from the figures of the New
York Produce Exchange. W e first give the receipts at Western
Lake and River ports, arranged so as to present the compara
tive movement for the week ending Nov. 17 and since Aug. 1
for each of the last three years:
Receipts at—
Chicago.......
Milwaukee..
T oledo.......
Detroit........
Cleveland....
St. Louis —
Peoria..........
Duluth........
Tot. wk. ’83
Same wk. ’82
Same wk. ’81
SinceAug.l—
1883..........
1882.........
;ri.88t ......
Flour.
Wheat.
Corn.
Oats.-
Barley.
Rye.
Ebls.imhs Bush.QO lbs Bush.5&lbs Bush-SZlbs Bush.48lbs Bush.üßlbs
118,821
315,034
884,625
89,172
665,361 1,366,789
12,179
184,579
49,800
42,4C0
85,866
855,577
9,571
21,854
29,384
55,521
5,834
344,748
39,400 - 24,843
52,656
8,572
140,457
7,068
7,416
24,500
10,000
7,873
37,344
29,190
199,701
93,793
86,722
321,005 • 193,680
21,500
11,900
234,415
154,340
1,280
10,850
. 28,000
873,179
198,329
765,327
258,319 2,248,521 1,875,386 1,360.917
82,803
526,509
790,800
250,928 1,867,883 1,285,248
49,684
475,995
502,868
737,946 1,466,965
.161,469
3,219,525 38,489,036 40,468,198 25,447,951
3,207.228 41,956,798 20,067,174 19,566.155
o-g
9 001 <>03 91 K4ft R IO R Q 1 9 f t 0 4
7,516,612
5,808,990
* 1AO«ft«
4,1Î6,078
1,856,550
.8.332.165.
THE CHRONICLE.
N o y e m b e r 24, 1883.J
The exports from the several seaboard ports for week ending
N ov. 17. 1883, are shown in the annexed statement:
Exports
fro m —
Wheat.
Corn.
Oats.
Bbls.
62,936
56,256
74
22,247
8,621
4,014
769
Bush.
562,946
47,938
Bush.
151,000
162,884
Bush.
1,918
1,000
25,000
116,041
11,507
60,200
154,917
764,432
497,697
2,531
220,551 1,329,685
87,956
19,197
Flour.
New York
Boston...
Portland.
Montreal.
Philadel..
Baltim’re
N.Orl’n s.
Total w’k.
S’me time
1882. ..
Flour.
1883.
Week,
Nov. 17.
75,193
101,739
1883.
Week,
Nov. 17.
78,441
74,003 .260,466
W e add the
Corn.
Wheat.
1882.
Week,
Nov. 18.
Bush.
3,248
600
13
56,542
67,071
The destination of these exports is as below.
corresponding period of last year for comparison:
Exports
for weak
to—
Peas."
Bye.
Bush.
101,739
1882.
Week,
Nov. 18.
1882.
Week,
Nov. 18.
1883.
Week,
Nov. 17.
Un.King.
Contln’nt
S.& C.Am
W. Indies
Brit. Col’s
Oth.e’nt’s
Bbls.
102,401
8,5101
7,967
15,215
19,799
1,020
Bbls.
134,551
9,919
32,375
23,206
19,907
593
Bush.
555,992
207,840
Bush.
904,248
417,239
200
7,998
Bush.
300.179
179,007
11,229
6,282
1,000
Bush.
68,732
Total...
154,917
220,551
764,432 1,329,685
497,697
87,956
ii*8w3
620
12,847
4,987
770
600
B y adding this week’s movement to our previous totals we
have the following statement of exports since September 1, this
season and last season.
Flow.
Exports since i 1883,
Sept. 1, to— Sept. 1 to
Nov. 17.
Wheat.
1882,
Sept. 1 to
Nov. 18.
1883.
Sept. 1 to
Nov. 17.
Corn.
1882.
Sept. 1 to
Nov. 18.
1883.
Sept. 1 to
Nov. 17.
1882.
Sept. 1 to
Nov. 18.
Un. Kingdom
Continent...
S. &0. Am...
West Indies.
Brit. Col’nies
Oth. countr’s
Bbls.
1,389.844
68,941
136,628
202,887
195,435
7,933
Bbls.
1,400,385
162,189
166,642
236,165
203,304
11,594
Bush.
8,873,724
2,482,533
822,490
130,134
60,839
101,960
Bush.
941,903
169,276
73,654
105,624
£26,986
12,126
Total......
1,891,168
2,180,279 12,535,926 27,929.972 11,971,680
1,829,569
Bush.
Bush.
7,403,540 15,214,611
5,114,818 12,533,873
375
26,502
16,583
20,879
10
8
600
134,099
The visible supply ot grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, and in transit by rail and water, Nov. 17, 1883, was as
follows:
Wheat,
Corn,
Bye,
Oats,
Bariev,
In store at—
- bush.
bush.
bush.
bush.
bush.
New Y ork ............ 8,141,319 3,647,688 2,743.508 172,472 560,532
Do. afloat (est.)
450,684
392.284 116,000 152,000
53,328
A lbany.................
600
14.500
62,200
69,000
13,500
Bufialo............... . 1,436.089
6,211 113,515
426,405
34,376
Chicago............. . 8,464,823
814.841 184,654 196,483-1,099,625
Milwaukee. ......... 1,267,085
9,176 284,982
22,126
6,527
Duluth. . .............. 1,142,415
Toledo.................. 1,991,991
2,551
150,098 116,570
16,828
D etroit.................
260,626
29.510
81,579
1,506
13,278
Oswego.................
60,600
320.000
412,000
4,600
Bt. Louis............... 1,890,607
136,539
99,786 148,190
78,201
Cincinnati...........
32,134 122,363
160,929
46,079
44,316
Boston.................
188,934
22,666
553,038 208,235
Toronto.................
59,887
276,410
M ontreal.......... .
172,401
21,780
13.Í40
21,300
7,539
Philadelphia. . . . . 1,116,289
192,377 138,296
P e o ria ..................
24,233
4,913
46.338
4,308
69,8 Ü
18,500
56,600
195.900
15.000
Indianapolis........
41,276
422.701
50.664
30,568
Kansas "City.........
12,303
12,274
Baltim ore........... 2,251.765
203,598
46,010
45,030
15,861
46,430
Down Mississippi.
72,260
437,965
656,487 1,214,923 356,451
On rail..................
24,000
25,000
694.858
On lake.................
918,143
576,000
On ca n a l.............
547,000 150,000 460,000 152,000
Tot.
Tot.
Tot.
Tot,
Tot.
Nov. 1 7 ,’83.
Nov. 1 0 ,’ 83.
Nov. 18,’82.
NOV. 1 9 ,’81.
Nov. 2 0 /8 0 .
31,405,247
30,775,446
20,216,614
20.614.386
24,190,673
9,198,626 5,478,359
9.034,395 5,516,281
4,396,888 3,809,909
22.407,097 3,271,731
17,935,815 4,296,074
2,752,165
2,456.925
3,070,439
2,914,349
3,621,098
2.377,229
2Ì442,066
1,221,470
1,256,246
853,147
T HE DRY GOODS TRADE.
F r id a y , P. M „ N ov . 23, 1883.
There has been little, if any, improvement in the dry goods
trade the past week, business having ruled very quiet with
commission houses and importers alike. The jobbing trade was
o f fair average proportions (for the time of the year) but by no
means active, save in the case of holiday goods, in which there
was a moderately brisk movement.
Some failures have
occurred in the hosiery and notion branches of the trade, but
distributors generally are considered financially sound, and col
lections throughout the country are, as a rule, reported easy.
The event of the week was a peremptory auction sale of 9,000
pieces indigo-blue flannels for men’s wear. The sale brought
together a large company of clothiers and jobbers and the
goods were readily disposed of. The prices obtained were
quite satisfactory (in the present condition of the woolen goods
market) desirable makes having brought within 10 per cent of
agents’ net prices.
.D omestic Cotton G oods.— The exports of domestics from this
on
port were 1,385 packages, of which 583 were shipped to Great
Britain, 283 to Argentine Republic, 169 to Venezuela, 100 to
British East Indies, &c.
The demand by exporters and con«
verters was strictly moderate, while jobbers bought sparingly
as a rule and in accordance with positive wants.
The tone o f
the market is easier, although few actual price revisions have
been made by manufacturers’ agents.
Some makes of brown
sheetings, tickings, &c., have, however, changed hands at. a
concession from normal quotations, and low grade bleached
goods have shown less firmness. Stocks of plain and colored
cottons are steadily accumulating, and, upon the whole, it is
beyond doubt a buyers’ market.
Print cloths were in moderate
demand and lower, closing at 3 ^ c . for extra 64 x 64s, and 3% e. less
1 per cent, for 56 x 60s.
Prints ruled quiet and unsettled, as
regards fancy calicoes at least.
D omertic W oolen G oods.— There was a continued light *and
irregular demand for men’s-wear woolens, and in other woolen,
and worsted fabrics there was only a moderate movement. The
advancing tendency of fine wools has imparted a little more
strength to certain kinds of manufactured goods, and prices
are fairly steady on the* most desirable productions. Cassimeres and suitings, also worsted coatings, were quiet as
regards new business, but fair deliveries were made by agents
on account of back orders. Cloakings have been in light re
quest, and there was a moderate business in ladies’ cloths,
tricots, wool suitings and sackings. Satinets were in limited
request, and dealings in Kentucky jeans and doeskins were
insignificant. Worsted dress goods have become quiet, but
prices are well sustained because of the meagre supply on
hand. In carpets there was no movement of importance, and
the demand for hosiery and knit underwear was a trifle more
active.
_ .
. ,630
F oreign D r y G oods.— The market for foreign goods was dull
and uninteresting. There was a fair demand for a few special
ties adapted to the holiday trade, as handkerchiefs, laces, em
broideries, etc., but there was a very light business in dress
goods, silks, velvets, linen goods, etc. Sealskin and other
cloakings continued in fair request, but prices are easier in some
instances. The auction rooms were enabled to make fair offer
ings of silks, velvets, plushes, cloakings, etc., and in this man
ner a considerable quantity of goods changed hands, but the
prices obtained were for the most part in buyers’ favor.
I m p o r t a t io n s o f D r y G o o d s .
THE CHRONICLE.
Ò72
xisxxxvmtt.
OFFICE OF THE
A T.L A N T I C
%xxsxxximcx.
(Sm nxnzxcm l ©atrás*
MUTUAL LIFE
Brinckerhoff, Turner
Insurance
C o .,
NEW YORK, January 25,1883.
The Trustees, in conformity to the Charter of
the Company, submit the following Statement
o f its affairs on the 31st December, 1882:
Premiums on Marine Risks from
IstJanuary, 1882, to 31st De
cember, 1 8 8 2 ...............
$4,412,693 58
Premiums on Policies not marked
off 1st January, 1882............... 1,516,844 85
Total Marine Premiums.......$5,929,538
43
Premiums marked off from 1st
January, 1882, to 31st Decem
ber, 1882..................... ............ $4,390,305 90
Losses paid during the same
period............. .......................... $2,013,767 35
Returns of Premiums and Ex
penses........................................
$823,304 50
The Company has the following Assets, viz.:
United States and State of New
York Stock, City, Bank and
other S to ck s........ ............
$8,974,558 00
Loans secured by Stocks and
otherwise..................................
Real Estate and Claims due the
Company, estimated at..........
remiurn Notes and Bills Re
ceivable...................
Cash in Bank................................
^Amount................
1,575,500 00
F . S. W IN S T O N , P resid en t.
1,725,575 02
364,923 85
....$13,171,675 02
LIFE <&END 0 WMENT P OLICIEb
Rates Low er than other Companies.
ORGANIZED
A P R IL
14 th , 1842.
ASSE TS, $ 9 5 . 0 0 0 , 0 0 0
Jfmauxiat ©mnjmtxipsl
J . H . CHAPMAN, Secretary.
panies, Institutions and Commercial firms, can obtain
BONDS OF S U R E T Y S H IP
from this Company at moderate charges.
The bonds o f this Company are accepted by
courts o f the State of New York.
CASU ALTY D E P AR TM EN T,
Policies issued against accidents causing death or
totally disabling injuries.
Full information as to details, rates. &c., can be
obtained at head office, or o f Company’s Agents.
WM. M. R i o h a b d b . Prest. J o h n m . o b a n e , sec’y.
R ob ’t J. H il las , Ass’t Secretary.
DIRECTORS:
Geo. T. Hope, Dafid Dows,
W. G. Low,
G. G. Williams, A. S. Barnes,
Charles Dennis,
J.S.T. Stranahan, H. A. Hurlbut, Alex. Mitohell,
A . B. Hull,
J. D. Vermilye, S. B. Chittenden
_________ Geo. 8. Coe.
Wm. M. Richards.
Bonds of Suretyship.
NO OTHER BUSINESS.
J. D. Jones,
Horace Gray,
Charles Dennis,
Edmund W. Corlias.
W. H. H. Moore,
John Elliott,
Lewis Curtis,
Adolph Lemoyne
Criarles H. Russell,
Bobt. B. Mintura,
James Low,
Charles H. Marshall,
David Lane,
George W. Lane,
Gordon W. Burnham, Edwin D. Morgan,
▲. A. Raven,
James G. De Forest,
Wm. Sturgis,
Samuel Willetts,
Benjamin H. Field,
Charles D. Leverieh,.
Josiah O. Low,
Will!am Bryoe,
William E. Dodge,
William H. Fogg,
Royal Phelps,
Thomas B. Ccddington
Thomas F. Youngs,
Horace X . Thurber,
C. A. Hand,
William Degioot,
John D. Hewlett,
John L. Riker,
William H. Webb,
N. Denton Smith,
Charles P, Burdett.
JOHN D. JONES, President.
CHARLES DENNIS, Vio© President,
W. H. H. MOORE, 2d Vice-President.
B A G G I N G .
Manufacturers’ Agents for the sale o f Jute Bagging.
IMPORTERS OF
IR O N
OF NORTH AMERICA.
Cash Capital.-................................................... $800,000
Cash Assets......................v..... ... ................. 400,000
Deposit with Insurance Department............. 214,000
President :
Vice-President :
EUGENE R. COLE, Successor to
Sears
&
Cole,
STATIONER AND PRINTER,
Supplies Banks, Bankers, Stock Brokers and Cor
porations with complete outfits of Account Books
and Stationery.
New concerns organizing will have their or
ders promptly executed.
N o. 1 W IL L IA M
STREET,
S Q U A R E .)
Joy, Lincoln & M otley,
SUCCESSORS TO
E . R . M U D G E , S A W Y E R Sc C O .,1
43 & 45 W
h it e
St r e e t ,
15 Ch a t t n c e y St r e e t ,
NEW YORK.
BOSTON.
AG EN TS FOR
O c ea n M ills C o ., A t la n t ic C o tto n M i ll s ,
P e a b o d y M ill s ,
C h ic o p ee N ils. C o .,
lle r t o n N e w M i ll s ,
W h i t e M fg . C o .,
S a r a to g a V ic t o r y M fg . C o .,
H o s ie r y a n d Y a r n M ills ,
Bliss, F a b y a n & C o .,
New York, 'Boston, Philadelphia,
SELLING AGENTS FOR LEADING BRANDS
B R O W N & B L E A C H E D S H IR T IN G S
A N D S H E E T IN G S ,
PRINTS, DENIMS, TICKS, DUCKS, &c.
T o w e ls . Q u ilt s , W h i t e G o o d s Sc H o s ie r y
Drills, Sheetings, (6c., for Export Trade.
JOSEPHGIU0TT5
STEEL PENS
ALL DEALERST hroughoutTh e W O R L D
GOLD MEDAL PARIS EXP0S1T1QN?I87B.
S old B y
C O T T O N
T IE S .
THE
A shepoo Phosphate*Co.,
CHARLESTON, S. C.
R O B E R T S O N , T A Y L O R Sc C O .,
GENERAL AGENTS.
Manufacturers of High-Grade Acid Phosphates,
Dissolved Bones, Bone Ash and Ammoniated Fertili
zers. Large Importers from the Mines in Germany
of Leopoldschall Kainit.
O F F I C E
The Guarantee Co.
________ ( H A N O V E R
TRU STEES!
And all kinds Of
COTTON CANVAS, FELTING DUCK, CAR
COVERING, BAGGING, RAVENS DUCK, SAIL
TWINES, &C., “ ONTARIO” SEAMLESS
BAGS, "AWNING STRIPES.
Also, Agents
U N I T E D S T A T E S B U N T I N G CO .
A full supply, all Widths and Colors, always in stock
N o . 1 0 9 D u a n e S treet.
W A R R E N , JO N E S & G R A T Z ,
No. 179 BROADWAY, NEW YORK.
Officials of Banks, Railroads and Express Compa
ST. LOUIS, Mo.
nies, Managers, Secretaries, and Clerks of Public Com
(& & m m zxtm l ©arils.
By order of the Board,
C O T T O N SAIL D U C K
F I D E L I T Y & C A S U A L T Y CO .,
SIX PER CENT INTEREST on the outstand
Si r . A l e x . t . g a l t .
H o n . J a s . F e b b ie r .
ing certificates of profits will be paid to the
Managing Director : E d w a r d R a w l in g s .
holders thereof, or their legal representatives»
NEW YORK OFFICE:
on and after Tuesday, the Sixth of February
No. 1 7 8 B R O A D W A Y .
next.
D. J. TOMPKINS, Secretary.
New Y o r k D ir e c t o r s .—Joseph W. Drexel, A. L
THE OUTSTANDING CERTIFICATES of Hopkins.
H. Victor Newcomb, John Paton, Daniel
the issue of 1878 will be redeemed and paid to Torrance. Edw. F. Winslow. Erastus Wiman. '
the holders thereof, or their legal representa
tives, on and after Tuesday, the Sixth of Feb
ruary next, from which date all interest thereon
will cease. The certificates to be produced at
E S T A B L IS H E D 1 85 5 .
the time of payment and canceled.
A DIVIDEND OF FORTY PER CENT is
declared on the net earned premiums of the
Company, for the year ending 31st December,
1882,for which certificates will be issued on
and after Tuesday, the First of May next.
Manufacturers and Dealers in
ISSUES EV E R Y DESCRIPTION OF
531,118 15
A. A. RAVEN, 3d Vice-President.
& C o .,
INSURANCE COMPANY
O F N E W YORK.
M u tu al
[VOL. X X X V I I .
C A R P E T S .
HOUSEKEEPERS AND OCCUPANTS OF OF
FICES take notice. Before buying your carpets.
Linoleum, Oilcloths, or Mattings, call atBENDALL’ S
Misfit Carpet Store, 114 Fulton St., basement floor*
Cheapest place in New York.
'g n M icu tiou s.
“ The best Thoughts of the best Thinkers.”
T H E G R E A T E S T L IV IN G
A u th ors, such a s P r o f. M a x
M u ller, J a s . A . Frou tie,
P ro f. H u x le y , R ig h t H on .
W .E . G lad ston e, R . A . P ro c
tor, E d w a rd A . F reem an ,
P r o f. T y n d a ll, D r. W . B .
C arp en ter, F ra n ces P o w e r
Cobbe, P ro fe sso r G old w in
Sm ith, T h e D u k e o f A rg y ll,
W in. B la c k , M iss T lia e .
k e ra y , M rs. M u lo ck -C ra ik ,
G eo. M acD on a ld , ill's. O ilpliant, J ea n In g elow , Thus.
H a rd y , F ra n c is G a lto n ,W .
W . S tory, M a tth ew A rn old ,
R usK in, T ennyson, B r o w n in g , and many others,
are represented in the pages of
L it t e l l ’s L iv in g A g e .
During the forty years of its publication The
a g e has met with continuous commenda
tion and success. In 1884 it will furnish to its read
ers the productions o f the most eminent authors
above-named and many others; embracing the best
Serial and Short Stories by Leading Foreign Novel
ists, and an amount
L iv i n g
Unapproached by any other Periodical
in the world, of the most valuable Literary and
Scientific matter, from the pens of the foremost
Essayists, Scientists, Critics, Discoverers, and Edi
tors, representing every department o f Knowledge
andProgress.
, .
T he Liv in g A ge is a Weekly Magazine, giving
more than
THREE AND A QUARTER THOUSAND
double-column octavo pages o f reading matter year
ly. It presents in an inexpensive form, considering
its great amount of matter, with freshness, owing
to its weekly issue, and with a satisfactory com
pleteness attempted by no other publication, the
best Essays, Reviews, Criticisms. Tales, Sketches
of Travel and Discovery, Poetry, Scientific. Bio
graphical, Historical and Political Information,
from the entire body o f Foreign Periodical Litera
ture.
Published w e e k ly at $8 00 a year, free of
postage.
m ~ TO NEW SU BSCRIBERS for the year
18S4, remitting before Jan. 1 the numbers o f 1888'
issued after the receipt o f their subscriptions, will
be sent gratis.
C lu b „P rices f o r th e b e st H o m e a n d
F o r e i g n L ite r a tu r e .
[“ Possessed o f T he L iv in g A ge and one or other
o f our vivacious American monthlies, a subscriber
will find himself in command of the whole situation.”
Philadelphia Evening Bulletin.]
For $10 50 T he L iv in g A ge and any one of
the American $4 Monthlies (or Harper's Weekly<
or Bazar) will be sent for a year, postpaid ; or for.
$9 50 T he L ivin g A ge and the St. Nicholas, or
Llppincott’s Monthly. Address,
iilT T E L L
Sc
C O ., B o s t o n .
@FedFRASER