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finrntiaV
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HUNT'S MERCHANTS' MAGAZINE,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATER
VOL.
SATURDAY, OCTOBER
11,
NO.
10, 1885.
1,059.
mention in this connection is that, taking the figures for
the last three months (July, August and September), they
exhibit an increase over the corrcsijonding three montiis of
Below we give the figures for Septemlast year of 4 per cent.
ber and since January 1 for two years.
ot
The Commercial and Financial Chronicle m
published in
York every Sdturday morning.
JV«M)
Entered at the Post Ollloe,
Now
York, N.Y., assooond class mall niattor.
|
ForSU Mouths
tj,
:
,
do
KuropiMin Suliacrlptlon
(inolU'lliiK postiige)
11 28
A.nnuiil subjcri|ition lu
LouJon (luoludlnx postage)
£'Z 7s,
it I 88.
SlxMos.
WILLI iM
JOHN
a.
do
do
D\XA.
PLoro.
B.
do
WIIiLIAn
i'
78
B. D.VNA
&
New York.
NEW
Providence..
Hartford....
17,Ha6.il00
Portland
Worcester...
3.«9,5,,S37
decliae fro-Ji the correspoaiing week of 183t, and at moat
Other paints tha increase recordei is quita gratifying. The
market value of the share transi:;tion3on the New York Stock
Bechance for the waek this year was $103,534,000, against
$74,030,000 for the sama week a year ago.
Haw York
1572,07^,878
$554,608,69B
I
Psr Ottit.
+3-1
BnMng
Sept. i".
Percent
188B.
$471,eS3,018|
-40
(1.032.147)
(1.062,500)' (+58-7;
(877,500) (—13-8)
iOoUon....haXet.)
(380,900)
(807,900)'
;-2i-2;
(-20-4>
lOTain...b\uhtU)
(3H,990.0<)0)
(St),858.000)
(+0-4)
(56,828,0001;
(+611)
lP<tral«im.I>6I>.)
(70,»«,000)
(61,838,000)
(+8
(48,999,00011
(-34-81
teS,509.5I8
tfr:,127,803
4,842,800
l,978.0rj
3.767,400
981.075
8»l,79«
670,403
435,87L
951,524
838,734
744,755
(St<Kla....>l>ar<t.)
Boston
ProTldenoe...
.
Hartford
Portland
Worcester
Sprtnfffleld
LoweU
Total N. BnKlaod
Total Middle.,
OUaa«o
...
Wlwankee...
Detroit
Indianapolis
Otoreland....
398,060
178,788,674
1-8-7
1,677,403
(1,237.3531
(81,500,006
3,389,500
1,473,923
910J18
627,4,58
638,006
381,565
$e9,880,8e«|
(41,203,371
13,101.873
+8-9
-23-7
-8-8
171,219,090
-8-9
(57,388,889
8,827,487
|60,188,8'M
7)
+18-6
+17-9
+2?-8
+0-4
-6-7
+9-S
M9,8S9.730
PUladelphls...
Pittsburg
Baltimore
r!hlcs«o
Cincinnati
Milwaukee
Detroit
—
8,335,749
9,819,849
•49.937,686
9,158.390
4,970,681
150,921,110
8.544,550
-l-S
4.030,381
+88-8
S.278,2-!4
3,003,»42
3,051,267
1,821,671
8.114.ej8
+04
8,803,340
1346,838
+T2
(41,678,718j
18J
8,196,2(!00|
+ 10-9
l,807.59t
1.723,887
288,106,965 +12-4
2.746,4<>».8&2
8,7!»,658,330
18'<.«d0,282|
184,883,893
+2I|
1,6«7,.S9-,415
l,n«8,lJ2,334'-14-l
8 0.339.U0"
S7(I,IS8,175— !!»•«
430,oai,<17
470.886,504
27,992,831,
43,807,6.10
S0.7:)B.IO4l
2,)0,460,746
264.769,1110
192,897.441'
36,165,0501
15.867.5 n!
177,440,516
12.827,Sf06'
Cleveland
5,904,111
8,482,729
Ck>lunibus
5,0,87.862
Peoria
4,583,957,
Tot. West.
881.895.787;
60,000.6.'»
2,962.7011
New Orlean?.
Louisville
18.080.200
15.797.351
Kansas
18,21.5,423
3,700.1.55
CItr..
-I
-5
+2-6
+8-1
+4-2
-1-2
+11-4
-1-4
+37-5
5,914.487
4.818,587
6,467,7i4
LoolsTllle
4.351,020
+«1
3,572,651
Kansas Citr...
4,703,856
3,814,381
-!«
1,159,447
808.M)7
+83-3
+44-4
4,013,383
Memphis
866.431
+74 4
131,783,328
(30.015,013
+6-9
(26,554,851
113.268,189
(13,381.868
-0-8
New York
.f-J i
For th» month of September the total exchanges were $138,405. 3S3 ttk excess of those for August, and in comparison with
ISS^t exhibit an increase of 'i per cent, whereas last month the
increase w.-ia only about 003 per cent. For the nine months
tliero ia a decline in the whole country of 18'8 per cent, and
outside of
New York
it
reaches 5 -9 per
(sent.
A fact
+P1
-14«
-6-0
—4-7
-10»
-8«
8,S81,iaO,S69| 2,474,041,990
61,991,3511 -,32
2,632.353 +125|
21.142,42i;-14-5!
596,696,826
26,269,719
596,321,077
27,405.818
241..S5.H.333
311,4«0,.Sn2
-22-5
U.-iOl.m-
18^.930.288
161.868,2«2
11!7, 138,778
87,591,899
4 19-0
1,861,583,974
-6-9
+8-i;
16.034,937 +13-6;
2,139,50i:+7«-7!
159,.S81,500
—00
1,187,390,883
U«,832.3I1
44,750,768:
—I'l!
49,221,4661
414,184,855
+40
904.238.46;-
9.085.870.727
-41
-11
406,341368 +1-4
-6-9
9.662.802.678
Sin* Xonth:
\.lver'ti€
PrUe.
Par Vatut
Aetiua
or Quantltv]
Valw.
63-5
316,463,757
Avtr'gt
Price.
3..BI.W'<.055
65-8
66-2
117-8
«:l3.»-7,243' 69-7
Jt.l88.:!n8 J16-2
?i;-. :)-.) 15-3
:)60
?t72:t,->ll.J,
f,K17.-J75, 115-7
9- lO' 2, 4'2(i,0.i7,000 •2.099,2 1 4,380 88 4-106
1 3, JS.'l, IllO (707.678,4<I0 t&3 23
I
1,380,653,078 1.180,390,164 86Hc.
'>8o.
1
-61
1
17,591,146,669
(887.088,6811
Total value
of exchange} for the five days, as received by
Further imtelegraph, are of a very satisfactory character.
provement is shown, and in co.-nparison with 1881 the excess
in the whole country reaches 34-1 percent. This very large Increase ia mainly owing to New York, where very active stock
dealings have contributed a large addition to the clearings.
The returns
Hm Day* Bnilnt Oct.
worthy
1884.
1886.
New York
+02 Salao/ Stock
-1-8
(«!3,60M»>|
Cotton. bales
Uraln...bU8h
-181
-15-4
+2-8
-9-8
+0-8
».
9 D'lo Kiul-g Oct.
2.
+20-7
(8,MS,47BJ
(s.'>9,eoe,B8o
(48.759.000
(1, 022.0001
+90
(13,5»1,640|
t605.259.2''2|
515,721».«r/l(
*8«,4inl
2/4.688,000
1,422,500
189,967,955
+4-4
+11-4
-8-1
48-8
Value
bonds...
Gov't bonds.
stocks.
(13,961.502
607,479
(814.869,37B
;
Petr'i'ui.bbls
114,591,190
t.8;l7, 2(>8.85 1
+70'
283,308,537
Valur.
5,895,545
Bank
+236
ToUlall
—
+ir5'
13,6.80,42M
—8-7
2,366,761,038j 2,783,177,018
+8-7i 1,689,07S„<I81 I,6843EA,011
342,671,450
322,8.87,7(10
rS'
129,8883671
129,446,692
98,71,9,782
00.888,148:
11,315,494 +11-8;
54,575,488
48,507,662;
6,327,2171 +10-8'
7H,482,0f8
73,683,480,
8,530,2S7 —0-8'
4-3
52,083,068
49,584.365
6,207.408
83,230,731
20,786,682
8.996.:l98 +14-7,
.86..S01,800
Actual
I
+0-5
~'t2-1
bb rranclico
-1-8
September.
Par ValM
(l.ia^.'JOO;
1,073.303
Total Southern..
Y.. 1,011.232.148!
bond.-*.
(61,354.182
Haw Orleans..
4»,16»,3fl3— 10-9
+<«
3,118,681,060 3,020.722,yftS, +3-0 27,490,986,92'; 33.7«2,897,60» -18-e
all
State
+1-6
719,259
8321,48'
48,691,855!
RR.
3
(72,208,541
765.71)1
San Francisco.
Stook—Sh'r's
(73,310,154
Loals
118,756,800:
or QuanUtji,
-:
-l
936,144
St. Joseph...
Tot. South...
DeteripUon
1,135,651
Total Western.
-8-9
—
St. Louis
St. ./oseph...
-i-1
+1
Paoru
1,888,763
-S-0
18,283,1«7,— 1»«
As compiled by us, operations on the various New York
exchanges for the montn of September and ihe nine months
-60
January 1 have resulted as follows:
+40 since
Ootambos....
1,388,856
—m
-8-7
28,0iy7,870'
301,466.9*)
Indianapolis...
Total
63.rJ8,S62
a8,932.I10
29,587,115
+19-9
+5-0
-4-2
+3-3
+S-9
+21-3
Outside
Tot. .Middle..
161,16.8.000
15,98-<,847
Baltimore
+188 Ontslde N.
3,188.811
1.404,»15
8t.
Phlladelphta..
Pltt.«burK
2.801.847.896
-7-3
1,765,,")05,
1,63^,862,
Memphis
Soiwo/—
dwfllnnatil
2.969,175
2,932,757
..
Tot. N. Kn«.l
in
exclian:^es during ths six days ended Ojtobjr 3, the g*in in
tibe aggregate over the preceding Wd?k reaching the vt>ry large
sum ot |l-l.',0;33,019, New York cjntributing over .|100,OJO,09J.
Of all the cities incUi led in oar statemsnt only six exliibit a
1884.
6.079,71
Lowell
^There was a general anl very decileJ improvement
tVtek
+r8
—T*
-*8
20«,5O7.538
Boston
CLEARING HOUSE RETURNS.
Oct. 3.
-»9
836.697,817' + 12B' 8,434,590,875
149,889,700
1 »,0«9,HOO+ 230,
(9,399,011
5,787,648 +50
88,947,170
3,052.7811 -6-5
-6-41
27,014,066
3.n0.031
87,886,183
2.738,1185 +8-1
I
Sprln^eld
Wttk ISnMnt
(
(
(
,194,1
2,101,428,918 8,OS6,48«,S?0! +2-8 18,405,115.800 24,140,194,981
I
Co., Pablliihen<
81 William Street,
YORK.
Posr Ofkioe Uox 95S.
&
P.Ot.
1885.
1884.
$10 20
6 10
Y«:ir (Inoludiiin' postage)
Nitu Ventkf.
Septtmt>tT.
niTerius of Siibsicriptioii— Payable in Adrancc
f*4.ForOne
(916,097,872
(ilt$.)
(1.823,011)
^^
0399,147)
(+8a-»)
+11-4
+4-3
-18-4
+10-9
+6-8
80,480,988
40,7« 1,400
+8-9
VfitajtK
3e,«ri«3M
-7-1
-7-0
ll,809.7a>
+13
-40
i3W3O0
-10-4
'iM0.'n4,7a<
43319,161
60,174,067
54,031,208
40,l'i7,'20o!
38,6oe3<n
New
,
Orleans...
Total
Balanoe, Ck>untnr*
ToUlall
On»«oi»
•
w»w
v-^rli
BsUmated on the
11,810,798
9.640,888
45,508.000
11,590,145
6,628,068
37.063.016
10.982,083
6.901,410
(719,816,180
62,718,592
(671,080.476
50,680,593
+»6'8
(778.534.7.12
(629.670.069
_+24J
+7 4
»8-i6
43« 860
iwl
[PerOuU
(988,570) (+07-7)
Philadelphia..
,
1885.
(488,306,463
Boston
Baltimore
Chleaao
St. Louis
P»r Cent,
.(.380
(411,794,606
'.)*7!S.4«s'
+40
basis ol the laat wiwair returns.
(67>,0B3.Ha8
•805 7WI490
-*t
-9-4
+1-8^
THE CHRONICLE.
402
[Vol.
XLX
believing that before the extended bills mature the specula-
THE FINANCIAL SITUATION.
tive
enibargo-upon the shipment of our staple products will
be removed and rates be much lower. How far the future
At length the better demand for money, which has been
exchange market may be affected by European investbecome
has
circles,
apparent for the past month in banking
ments or temporary purchases of American share and
more manifest ia the rates for bankers' balances, which
bond property, it is impossible to say. The arrangements
hare advanced this week, having loaned freely at
of differences already made, and the negotiations and
per cent, with the bulk of the business averaging If
conferences
having for their object the restoration of rates
per cent. This improvement in the inquiry has mainly
and
the
establishment
of harmonious relations between
come from increased purchases of stocks through comprincipal
trunk
and
other lines of railroad, may impart
the
larger
a
mission houses, such transactions requiring
greater
confidencj
in Europe in Americiu investmuch
however,
course,
Of
amount of daily borrowing.
ments, especially if, after peace is restored, it shall appear
idle
of
supply
decreasing
were it not for the
new demand would have been met without that it is likely to be permanent. This might lea J to such
U@2
money, the
To
materially affecting the market.
the
in
that
situation
the Clearing
in
this
illustrate the
change
we would state
Saturday reported
particular,
House banks
last
an increase in European purchases as to cause a decided
upon exchange.
influence
There has been another reaction
the price of silver
in
during the past few days, the quotation per oz. in London
a further addition of nearly If millions to their
having returned on Thursday to 47:^d. This has been disloans, bringing the total up to 330f millions, against 306^
appointing to many, who had hoped that the recovery was
besides
loss
of
millions
of
gold
a
3+
millions August 1st,
more permanent.
notice in the London Statist of the
bringing
the
aggregate
of
gold
and
tenders,
legal
We
and
legal tenders
August
1st.
down
to 137 J millions, against 160^^ millions
To-day's statement
may perhaps be better,
so
26 th of September that the better price which prevailed up
to that date, was due to a special demand for government
upon
week
India,
whereby the India Council was enabled
of its offerings (which the week
concerned, for our banks must have
bills
gained some strength this week on account of the 1st of
that
October Treasury disbursements for interest, which did
not get into last week's report, except to a very small
sales subsequently
far as the reserve
is
and yet the demand for funds from the interior
for crop purposes is increasing, more especially from the
South and Southwest, which cannot fail to have made a
considerable impression on this new supply.
The cable reports an unchanged Bank of England rate,
extent
;
although the drain of btdlion stiU
portion of reserve
to
liabilities
the lowest since October, 1884.
low proportion
of
before
to dispose
brought only
further states
that
on
6d.
Is.
at
per rupee) at
l-32d. higher.
this
was a
special
Is. 6:^d.,
with
The same journal
demand due to a
one of
the important
had
sold
a large
amount
of bills
on London at low prices and saw fit to
come in and cover its sales when the silver market
Accepting
continues, and the pro- began to exhibit an upward tendency again.
declined
At
to 33 per cent,
the latter date the
32^ per cent caused an advance of
1
speculation
India
the
correct
the quotation,
rise
part
of
which
banks,
as
this
the
explanation
of
the
one can readily understand
changes
why
in
the late
not prove wholly permanent, but be lost in
should
Bank minimum. This season, in fact ever part or in whole after this special demand for bills had
We refer to the incident chiefly however, as
»aiBce July 15, the Bank has been steadily losing bullion, been filled.
of late in comparatively large amounts, the decrease in illustrating how very little basis there ia for the popular
^per cent in the
what
going on in America respecting the
the stock since the date last mentioned being £G,02 1,384.
belief that
Considerable sums have been sent to Ireland to strengthen
suspension of silver coinage has
the Irish banks, other heavy amounts to Egypt, and the
present decline in the value of that metal.
bulk of the remainder has gone to the agricultural secIt is probably in great measure
tions for crop purposes.
Our people are apt to forget that there are in the world
two sources cf silver supply one, very small by com-
because a return of a good part of these withdrawals may
soon be expected, that the Bank minimum remains undis-
parison,
is
much
to
do with the
—
is
the annual production, say about 110 millions of
dollars, a considerable part of which never reaches the
But doubtless another reason why no change has markets of the world, for it never gets out of the produbeen made is, that trade and speculation are so tame and cing countries; the other is large, probably 3^^ thousand
turbed.
the supplies of money offering so large that the open market rate would not be likely to follow an advance.
As an
evidence of the stagnation of business we learn by cable
millions of dollars,
it
being the silver currency stock of
all
and bi-metallic countries in the world. Of course,
anything that increases the new annual supply, is an
that the September figures of the commerce of Great adverse influence to some extent in the market; but anyBritain, just issued, show an aggregate falling off of thing that tends to destroy confidence in the retaining
£+,170,000, compared with same month last year, of power of the vast reservoirs of the white metal in differwhich £2,290,000 was in the imports and £1,880,000 in ent parts of the world, is, in the light of these figures
the exports. Of course some of this loss is due to the lower obviously a far heavier blow to price.
And it is precisely
prices ruling.
Another interesting fact is the decrease of this latter influence^ which has brought silver into its
£931,800 in the stock of gold in the Bank of France present panicky condition, a condition which has been
within the last two weeks.
No explanation is given by constantly growing more threatening ever since Germany
cable, and we can only surmiae that it may have been first discredited the metal; and if America should to-day
partly due to the result of the elections and possiblv in agree to bury or lock up two millions of its supply a month
part to the silver agitation in France, which
on the increase.
is
decidedly
Foreign exchange has ruled steady at a decline of half a
pound sterling since last week. The lower price has
cent per
silver
for ten years, that] action
would not change the market a
sixteenth of a penny.
India
and
for
the
ble
the
Latin
existing
Union
situation.
are
Ia
mainly
regard
responsito
the
from freer offerings of cotton bills and a lighter latter, everyone sees how restive all the nations
demand.
Maturing drafts, which cannot be delivered which are parties to that convention are. jblgium
owing to the delay in shipping cotton, have been freely is at the moment the most demonstrative, evident^ trying
resulted
extended at about one cent per pound, and the
drawers to get out of the league and be rid of her silver. The
have willmgly paid this rate for the accommodation, first open notice of her determination
was at the Confer-
OCTOBKll
ence
10,
THE CHRONICLE.
ISti."!.]
but under a threat from France, this was
during tlio last few weeks however, there
last spring,
reconsidered
;
have been several reports started, apparently official, of her
withdrawal, but equally positive denials have appeared
during the alternate weeks, the evident upshot of it
403
Clmrtfngt ThUtt All.
Month.
aS07.MI,Sni. 4,elH.MM,7l« -M-4
Kttbnurjr
S.7a8,S78.W*M
...
March
being,
that
without too
as
just
as
wrench
a
great
soon
break away
she can
she will do
In the
it.
to silver countries
rushing that metal into them in
are
•/m\
-trt
BMn.io-i.aii
i.iiwj;u.7iii
I.(M8,IMI.7m' ).'l(l8,TU.Mt
10 »
-1
I.OItM.:.
2,«09.W4l,fi0^i
-.'Bl
Jua*
S,402,4iMMS
-iiri
8,47IJSI/>Tb a,iM,osi.siiH
meantime, of course, every country with silver at its
puts it
where it will find the quickest
ToUl 9 mo«.
and best market, while nations having debts to pay
command
i.i«t.ia4,tM{
OTI.i
1,
JUlT
A ngvit
BeptaBlwr
Yfrt,.
IM
ail
4.iiii..:.;.-,.7>i
S,II8!I.B04.540
M.T
OuUliU Snt
imft.
Janunrr....
April
all
CI«ar(Hf(
INMi.
s,us,a0i,oM 8.0MI,'m,8 8
-t86
fO-0
-^ao
kT.4w>,gu,ia7 38.7W.W7.aO*
-la-a
s,s«4,«in,«?T
»,gii»,ftfia,06ii
Thus, the total in
May
i,a«a,«4a.oiiu
1.0I«,I18JM
IM.I.IM.tKi;
l,01I,«a«,M8J
-H-0
l««,n^4«s
year was nearly 34 per cent
September it was over 3 per
former, we have by cable this week the order of the cent more.
It should be remarked that the large total for
French Government stopping the circulation of "Peru- July this year was exceptional, due to unusual speculative
" vian, Chilian, Spanish and Roumanian silver coinage "; transactions on the Stock Exchange growing
out of the
the dispatch adding that "large imports of Peru- first reports of a settlement of trunk line differences
"vian and Chilian soles, which resemble the five-franc through the arrangements made between the New York
•piece, but which, owing to the depreciation of silver,
Central and Pennsylvania roads as to the "West Shore and
" are worth only four francs, have obtained extensive cur- South Pennsylvania affairs.
For instance, our monthly
a volume never before equaled.
For
illustration of the
"rencyin France, althougu the banks have refused
to
"receive them."
With
less
than in 1884, while
of
the
bonds
and
table
in
values
at
this
in
of
transactions
all
the commercial
in
stocks,
exchanges included
—
table,
showed a total of $706,896,009 in
(the in the
pay debts in the discredited metal) which is June, but rose over 50 per cent or to the large aggreby far the more important adverse influence, we have (1) gate of $1,067,726,302 in July, and fell back again in
the remarkable activity and the premium paid for Mexi- August to $875,463,127.
"We call attention to this fact
reference to the latter process referred to
—
disposition to
can dollars for shipment to China, under which demand because if it had not been for that special spism, the
dollars are being manufactured in Mexico and exported as above monthly totals would have presented a pretty regurapidly as possible and (2) that other feature we referred lar growth this year against quite a regular decline last
;
to
about a month ago, the flood of silver which, because
of this very distrust,
is
just
now being poured
the imports (estimating 10 rupees
ing)
£7,319,775
ending March
year
the
for
or
£9,100,07.'),
(after
not, against
the
to
deducting
.31,
into India,
pound
sterl-
1885,
being
£1,780,900
exports)
£6,434,889 net in 1883-4, and an
year
The movements in the stock market this week have
been largely the result of manipulation. The leaders for
an advance have taken advantage of the demoralization
of their
adversaries,
casualties of last week,
which was brought about by the
and they have been aided by reports
average of .£5,500,000 net for the previous five years; of satisfactory progress being made at the conferences
whereas for the four months ending with July 31, 1885, held for the purpose of harmonizing conflicting railroad,
the total net reached the very large sum of £4,648,817, interests and of restoring rates.
The failures last week
against £2,605,923 for the same months of 1884 and also served to make
holders of stocks
indisposed
£1,808,723 for the corresponding months of 1883.
Now to loan them upon the market, lest they might
what is the evident effect of these free payments of silver fall into weak hands, in which case, in the event of failure,
to these countries?
have thus
settled
Simply
—so
this
their debts
far as the merchant!
in that
way
they have no
the stocks could only be
of
regained through the machinery
the Stock Exchange, and even
then
the delinquent!
and hence the India council bills might be unable to pay the differences. The refusal,
offered each week in London have to go a begging, with therefore, freely to make such loans, which seemed to be
the result that at each sale the price of bills declines, and general on Monday, resulted in the compulsory covering
of a part of the outstanding short interest which, together
that in turn gives silver a further squeeze.
The condition of general mercantile business'continues with purchases by outside speculators and by members of
use for council
bills;
fairly favorable.
There has, to be sure, been a lull in the
dry goods demand, but it is wholly natural after the con
siderablo distribution of goods which has taken place
during late months. Other than that, the improvement
has extended, though of course in a moderate, conserva
tive way, bringing more trades and nearly all sections of
the country within
true,
it
is
only
its
influence.
necessary
to
As
proof that this
refer
the
reader
existing
and some newly-formed
One
rapidly upward.
or less
Oregons and the Northern
Pacifies,
that the long- projected lease
Navigation
pools, carried prices
feature
of
was a
more
rise in the
caused by a report
the Oregon Railway
Company had been agreed
&
upon, and notwith-
movement
rumor had some
standing a denial of this statement the upward
is
continued, leading to the belief that the
to
foundation.
monthly review of railroad earnings in a subAnother feature was a decided advance in Lackawanna,
sequent column, which shows that notwithstanding the in which there is said to have been a large uncovered
very considerable falling off in the movement of bread- short interest. The report also thai strong parties had
our
stuffs
during September of this year, the total money
a very favorable comparison
receipts of the roads afford
with the
full
figures
of a year ago.
Besides, as there
more than half of the roads report gams. Another proof of the same condition are the monthly
clearing.s which we have prepared thij week, and below
giveJjkj totals for each month for 1884 and 1885.
The
stated,
absorbed the majority of the floating stock very naturally
The Omahas were
induced a covering movement.
ably
affected
by
completed
nearly
«,
rumor
that
the
for
favor-
arrangements were
onsolidation
of
this
&
Northwestern, and all the
stocks of the granger roads were advanced because of
road
with the Chici^o
and the existence of more
harmonious rela'ions among all the pools. The trunk line
the belter conjparison it affords for the past month, but more shares have been directly affected by the progress
so because of the tend«ncy shown month by month to made at the conferencps of
passenger and freight
exhinTiscctrtainly an encouraging one
reports of better earnings
— not only because of
increase this year against a tendency to dtcrease last year.
agents,
and the assurance that
it
had been determined to
THE CHRONICLE.
404
carry out the instructions of the presidents, to maintain
rates and form pools, leaving to arbitrators all questions
upon which an agreement could not be reached at the
About the only prominent stock that did not
conference.
fully respond to the good feeling on the exchange was
Louisville & Nashville, and the reason assigned was that
the city of Louisville was engaged in marketing its stock.
Union Pacific has been one of the irregular stocks, having
been quite strong early in the week, and later manifesting
a sagging tendency. The decline in earnings is assigned
[Vol,
XIA
frequently important changes in the price of the stock in
on real or supposed information
with reference to that item. Latterly the company itself has
invested the matter with special importance.
The reduc-
either direction are based
from 3.} to 1| per cent,
the object of applying some
tion in the dividend last April,
was stated
made with
to be
of the surplus earnings to a diminution of the debt in ques-
and the
tion,
ferred
issae of
stock,
an additional
now announced,
is
five millions
part
in
at
of pre-
least to
be
applied to the same purpose.
In this state of things, and there being no end of calcuThe following shows the receipts and shipments of gold lations to prove both that the current liabilities had been
increased and that they had diminished, during the first
and currency by the New York banks during the week.
half of the current year, we have thought it would be of
ReMivtd by
Shipped by
Net Interior
WUk endlnt Oct. 9, 1885.
service to our readers to know the real facts, and with
as the chief reason for this.
Movement.
S. r. Banla. X. T. Banks.
tl,808.000
745,000
Loss7!tl,176,0O0
Loss
745,000
t2.5i3.OO0
Loss .t1,93l,000
(032,000
CiuTen07..
Gold
Total
frold
and les&l tenders.
1632,000
.
above shows the actual changes in the bank holdings of gold and currency caused by this movement to and
from the interior. In addition to that movement the banks
Tile
view have obtained a copy of the company'^
last, the accounts having only
recently been written up. By comparing this with the balthis idea in
balance sheet for June 30
ance sheet of Ddcember 31, 1884, given in the company's
last report,
taken place.
we can see at a glance
To add to the value
the changes that have
of the statement, how-
have gained $1,000,000 through the operations of the Subever, we have extended the comparison further back, and
Adding that item to the above, we have the
Treasury.
which should indicate the total loss to the New
York Clearing House banks of gold and currency for
the week covered by the bank statement to be issued to-day.
following,
Week endtno
Into Banla.
Oct. 9, 1885.
Bank!' Interior Movement, as above
Total
KoM and
The Bank
tenders
lof^al
t2 5M.OOO
»832,000
7,005.000
17.632,000
Net Change «n
Out of Batikt.
6.000,000
Bank Holdings.
Loss. »l,921,OO0
Gain. 1,000,000
~»8,55iloOO~ Loss.
1921^0
England reports a loss of £443,525 bullion
for the week.
This represents £68,000 sent abroad and
£375,525 sent to the interior. The Bank of France shows a
decrease of 11,053,000 francs gold and of 2,357,000 francs
silver.
of
The Bank
Germany
of
since the last report lost
The following
21,759,000 marks.
bullion in the principal
amount of
week and at
this
the corresponding date last year.
Oct. 8,
eold.
1885,
aUver.
Oct. 9,
Qold
1884.
Silver.
*
Bonk of England ...
Bank of Prance
Bank of Qermany ...
Total this week
Total previous week
The Assay
.464,928
20,974,828
077,358 44,011,673 42,268,471 41,041,676
973,500 20,920,500 6 784,250 20.352,750
. .
515.7^6 64,932,173 70,027,549 61.394,426
673.429 65,642,477; 71,047,210 61,914,6i0
.
Office paid
$169,093 through the Sub-Treasury
for domestic buUion, and $28,915 for foreign bullion,
during the week, and the Assistant Treasurer received
the following from the
Custom House.
Consisting of-~
Date.
Dutiet.
Bold.
Oct.
2.
8421,54!)
"
75
3.
"
5
"
"
37
28
6
383,100
451,438
472,118
224,523
384,757
••
7.
8.
Total
06
62
16
t2,337,487 24l
The paymente
in
$2,000
2,000
2,000
6,000
3,000
5,000
820.000
V.8.
Gold
Silver Oer-
Kotes.
Oerti/U^s.
Hflcates.
$63,000
64,000
60,000
53,000
58,000
57.000
$317,000
281,030
324,000
378,000
137,000
275.000
$355.000 $1,7 12,000
silver coin this
$6,000, chiefly standard dollars.
accounts at
$39,000
35,000
64,000
35.000
26,000
47,000
$346,000
week amounted
to
*
Ckic. ttUw.
five different
St.
state of the St. Paul's
semi-annual periods.
Paul. June S0.'85 Dev.31.'34ljum!30,'84 D«.SI,'83 J-u»m30,'8S
stock— Common
Stock— Preferred
Total
Bonds outstanding
Floating debtVoucliers & pay-rolls.
Notes & acc'ts pay'ble
Divs. & int. unclaimed
Gross floating debt..
t
I
*
i
S0.9 I4.211
30,904,231
80,901,211
16,540.983
30,901,261
16,6l0.9-«
47.445,244
47,445,244
47,443.211
44,445,244
105,054,000 100,254.000
96,457.000
06,272,000
01,097,000
2.081,702
3.152,654
1,732,687
2,282,371
1,617,612
2,018,785
85,.i61
9 J. 488
69,961
4,370,667
16.S40.0S3
47.445,241
*
16,510,983
27,904,261
16.540,983
1.728,919
1,610,681
8,4-9.241
121,0i;
1,993,373
99,791
6,339,207
3,703,825
5,J0a,O50
3,443,78?
2,332,461
2,971,132
239,576
815,118
1,808,068
1,017,451
8,048,915
701,185
1,172,461
1,399,728
810,952
300,942
Offsets-
Cdshon band
Bills receivable
Due from
indicates the
European banks
show the
the following table will
&
Cj.'s
agents, oth.
U.
S.
Oov'mt
Total
959,61.5
377.71)9
408,811
3,585,134
4,5«9,19?
2.048.110
Net floating debt*
1.444,579
+413,367
1,714,916
+1,U55,410
2,322,557
Bonds, stocks, &o., of
other oomiianlcs lield.
1,471,083
1,223,288
1,132,786
1,181,980
1.685,105
Material? and supplies
1,787,289
1,223.1143
1,483,395
1.551,028
1,753,817
Balance of Income acc't 5,312,565 S.5i2.9Sl
4,761,233
5.079.080
3,595,663
Cost of road. e;)Ulp.. &c. 150,379 983 149,42t!,734 148,->03,8J5 146,093.663 139,836,627
0S0,476
Coal lando. Ac
618.097
944,132
• In addition to the
interest accrulug on the succediDg day, whioh
never stated iu the St. Paul accounts.
t Surplu.?.
Here we
see there has been
debt during the six months
increase.
On
the
31st of
la
no decrease of the floating
there has been an
— rather
December current
assets
exceeded current
Now
the liabilities exceed the assets
liabilities in
the
sum
available
of $413,367.
by $1,444,579, and
amounts represents the increase
between the two periods. Thus, the hope that the reduction of the dividend would enable the company to improve
its position in this respect has not as yet been realized.
But really there was from the first little reason for
supposing that any reduction could be effected in these
the total
six
months, as they constitute the poorest half of the year,
and in 1884
its
the two
of
left
the
company over $300,000 short of meeting
semi-annual dividend.
have been much
less,
This year the deficit cannot
notwithstanding the reduction in the
dividend. But this deficit would give only a small increase
in the debt, whereas the actual increase, as
$1,857,946.
We
The explanation, however,
is
shown above,
is
not far to seek.
and supplies (not an available
during the six months
THE ST. PAUL'S FLOATING DEBT.
from $1,483,000 to $1,787,000, that the amount of bonds
No subject connected with the Milwaukee & St, Paul's and stocks of other companies
held has been added'to, to
affairs commands greater interest than
the state of its the extent of $243,000, and finally that property feount
floating debt.
It is the one thing to which constant
refer,
that is, cost of road and equipment
now stands at
ence is made. Both with operators for a rise
and operat- $150,379,000 against $149,426,000 in December.
ors for a fall ;^it is a staple topic of
discussion, and very
If the net floating debt, however, is larger than it was
find
that
materials
cash item), have been increased
—
—
OOTOBBB
last
THE CHRONICLE.
10, 188P.]
December,
it is
waa in June, 1883.
should be no mistaking the meaning of the above
They represent
the
There
it
current
liabilities,
figures-
according to the
company's way of making up its balance sheet. The company never allows for the interest that has to be mot
the day after the date of its return.
As almost the
whole of the St. Paul's debt bears interest January and
this
Jtily,
always a
is
instance, the interest that
very
fell
considerable
due on July
year was $2,885,000 (against which,
company had
We
smaller than a year ago, and
at least
below what
considerably
item.
of the present
1
actual cash of $2,38'2,491),'and that fact
notice now, however, that on a re hearing of tbia
cause in August
ordered by the judge
last,
originally, the court has
reached
transfer should be set aside.
reversal, the
judge
in his
it
the grounds of ttw
to
opinion states,
as
it
contemplates a ratable distribution of the assets of national
among their creditors in the event of insolvency."
Then again, a little below, he adds, " to effectually secure
"
" banks
among
"this equality
creditors, the
must " substantially declares that
always bo borne in mind.
As
who Ueard
the conclusion that the
first of all (making
were the controlling idea) " that the scheme of the
"act, of whi<h this section ($.'".,212)18 one of the provisions,
it
be seen, the
will
it
For
405
all
section
preferences
in
question
made from
the
when insolvency actual or potential occurs shall
"be void."
Are not these generalizations quite hasty
and very broad? The purpose or " scheme of the act " is
" time
CAN INSOLVENT BANKS PREFER DEBTS?
It seems sometimes marvelous what plausible arguments certainly to carry on the general business of banking, and
can be framed on both sides of almost any question, affecting the courts have over and over again held that the aot
the interpretation of a statute.
enacts
it,
To
the legislator
when he
should be liberally construed, so as to effect that end.
Whereas, if we are to accept these remarks as correctly
the words probably appear simple enough, but
however plain to him, it is generally many years before
their true intent and meaning is settled and determined
by the
which
crystallizing process
and
meaning
the
reflecting
be any confidence
how
of the provision,
among
depositors,
could there
and therefore any
banking business done under the law; for the section in
same sentence and in
National Banking Law (sec. 52 12), which provides that similar words not only that " all transfers" of securities,
any transfer of securities or any payment of money by a but also "any payments of money," are void. Under this
National Bank " after the commission of an act of insolv- construction then is not every payment of money that waa
decisions afford.
A case
in point
litigation
judicial
the section of the
is
question provides in precisely the
" ency, or in contemplation thereof, made with a view to
"prevent the application of its assets " in accordance with
the act, or with the purpose of preferring one creditor to
another, shall be utterly null and void.
Ever since the
law was passed this section has been fought over, and even
made during
the run on that bank,
when
this
defendant
any piymant for a year or
more previous to that time (for it had been insolvent long
before that date) a debt to be recovered back by the receiver? And why would not every withdrawal of funds
now it looks as if the contest had as good a chance of life, in any national bank taken out during a run or at any
before the doubts that have been raised will be settled, as other time under a suspicion by the depositor of weakness
any of us. Sach uncertainty becomes especially vexatious of the bank (being thus according to this interpretition
when the question involved covers like this a matter of " in contemplation" of its insolvency,) be recoverable back
daily business practice ^an unanswerable argument in in case it should turn out that the bank was insolvent at
forbore to take his money, or
—
favor of infrequent legislative sessions, for
classes are fast
statute
is
growing into the
all
belief that
better than a repeatedly
amended
commercial
the time?
That
even a bad
this inference
may be
one.
It will be remembered that in May last we commented
upon a decision of the United States Circuit Court held in
Vermont, in which the Receiver of the First National
Bank of St. Albans was the plaintiff and a depositor was
That bank being (as was admitted) in an
the defendant.
insolvent state (though its condition was unknown to the
defendant, and even the officers themselves hoped to pull
through), subsequent to a run upon it pledged to this
depositor, who was about to draw out his money, and to
induce him not to draw it out, a promissory note for over
from the decision
is
For
on
in
his
"a bank
is
in contemplation of insolveacy
later
no mere fancy
further seen by what the judge himself again says
opinion.
"
becomes reasonably apparent
"cern will presently be unable
"will
be obliged to suspend
Then,
to
cover the other
instance, he explains that
when
the fact
to its officers that the conto
meet
its
point
its
obligations
and
ordinary operations."
of the
statute
(that
whether the transfer was preferential and made with
that view) he remarks that " an intent to give a preter-
is,
is presumed when a payment is made to a creditor
by a debtor who knows his own insolvency, and therefore
eight thousand dollars, to secure his deposit for about the "knows he cannot pay all his creditors in full." The
same amount. The bank did not actually close its doors court subsequently admits that in this case the ac'.iye and
for months after that act, but as it was insolvent and sub- paramount motive on the pirt ot the officers of the bank
sequently failed, in a sense this transfer of one of the was to avoid having to pay the defendant his money, aad
bank's securities can be construed as making this depos- thus for the time being at least to prevent failure; but it
itor's
claim a preferred debt.
that such a transaction to
The
bring
section
"
however reads adds that
within
it
" ence
the statute
must be
either (I) after an act of insolvency, or (2) in
contemplation thereof, and further (3) it must be made
this,
with a view to prevent the application of the bank's assets
act, or (4) with the purpose of giving a
Hence, in
interpreting
these
words
" posed
where a bank
be so by
" of l^ftondition of the
" dealings
"to prevent
failure,
and expecting
to prevent ratable
" daily
made to appear
made the transfer
to prevent failure."
is
hopelessly insolvent, and
is
known
its officers,
"ordinary couu') of business, as for instance to a cus-
be
" clearly, whereas in that instance they
its
and when any payment made
"by it will, as they know, necessarily result in a pre" ference to the person receiving it; and yet if made in the
" to
the
" tomer
bank and motive
It is only fair to state that, after all
the court apparently saw the logical conclusion of
Court, in that case, seemed to us very properly to hold
that the "contemplation" and "view" referred to must be
the "contemplation" and "view" of the bank, and not of
the cM^tor; furthermore, that the officers' "apprehension
" distnoution of the assets ought to
circumstance does not alter the legal
own argument, and endeavored to protect itself by drawing
It says " a case may be supa distinction in avoidance.
according to the
preference.
" this
" quality of the act."
who
it
ignorance of the condition continues his
and makes daily deiosits and draws out checks
would be extremely inequitable to compel the
in
*
'*
"It would be a harsh
*
it back."
which would compel a creditor or depositor
"latter to pay
'
j'
statute
THE CHRONICLE.
406
payments he
under such circumstances to yield up the
be not
would
it
certainly
Most
faith."
"received in good
banking
one
for
worthless
utterly
an
but
statute
only a harsh
[Vol, XLI.
would require
our
prevents
considering
seriously
it.
'f
Besides "contemplation"
connected with the previous
is
words " act of insolvency" by the word " or." We wonder
right whether the Court intends us to understand that the " act
purposes; and yet if the court's ruling in this case is
that justiQes any " of insolvency" referred to is the insolvency of the
first instance, where is the provision
in the
bank ?
if the words we have already
Even
together ? The
or elastic enough to cover
ambiguous
were
considered
securities, "and
there
are
two other conditions, one of
Hence,
Albans
case,
inequitable.
the
St.
or
equitable
being
as
court may select
would
also have to conform to, before
opens
transaction
which
which
any
words
the
on
interpretation
an
putting
after
For not only is
the door wide enough to catch the creditor in this action, it could be brought within the act.
all creditors stand or fall
reads " all transfers " of
certainly
statute
money," not such as a
of
payments
all
such exception?
Must not
creditor and not of the
Nor
is
this
all.
be a hopeless task to try to cite the provision or
and
rule of law which puts it ajar again so as to rule out
to
as
fortunate
is
so
allow to escape another creditor who
insolvency, actual or in contemplation,
have the sympathy of the Court.
The question recurs, then, what
"*
it will
this section
a fair interpretation of
is
To our mind the answer seems
?
as clear as
day, the purpose of the legislator being plainly and only
to prevent attempts at fraud or collusion between a bank
''
a condition prece-
"payment" must
dent, but the "transfer" or
with a view to prevent the application of
be made
assets,
&c.,
or with a view of a preference of one creditor to
*
The
"another."
that
also
its
if
the
preference
statute
it
is
"view," that
is
it
will
be noticed does not read
or payment works a
must be done "with a
with the object or design of working a
efiect
of
void,
the transfer
but that
it
and a shareholder or a favored customer. That interpre- preference, to make it void. In other words, is it not
tation is in keeping with the object of the act, with the positively clear from the expression here used that the
obvious meaning of the words, with every principle of legislator had in mind fraud or collusion between banks
justice and with the equities existing between the bank and their stockholders or creditors, and was seeking only
and its dealers and between the dealers themselves in such to provide against such acts when this section was framed.
How does the section read ? " All We venture to say that there is no other interpretation
an institution.
*
*
*
all assignments of possible, for the words are as little ambiguous as any in
notes,
&c.
"transfers of
"mortgages,
*
&c.
*
*
deposits
all
of
money,
the English language.
We have dwelt at considerable length upon this matter,
and all payments of money to either, made for the point is important, since if the doctrine laid down
" after the commission of an act of insolvency, or in con- in the decision we have reviewed should prevail (and it
" templation thereof, with a view to prevent the applica- has been adopted in one other district) our National Bank* * *
" tion of its assets, &c.
or with a view of a ing Act would become a very unsafe instrument for bank
* organizations.
*
*
another,
&;c.
Unsafe we mean for depositors, for, as we
creditor
to
"preference of one
stated,
As
already
and
void,
if
it
is
to stand as a correct interpretation of
utterly
null
&c."
seen,
have
"shall be
here are four conditions to be met, two of which must the law, any money drawn out at the time of even a
concur to bring a case within the act. First it must be panic could be recovered back if the bank failed. Take
"bullion,
&c.,
for
the use of any of
its
shareholders
" or creditors,
instance the Metropolitan Bank; if the Clearing
House had not come to its rescue and it had been
closed up in the ordinary way, it would in all probability
have shown a large deficiency after liquidation. Those
the
bank
is
insolvent.
one will know and understand that
deposits, therefore, drawn out just prior to and during the
An act of insolvency by a merchant is the letting of his panic would, under this construction, have been drawn
notes go to protest or the making of an assignment; by a out "in contemplation" of insolvency and the receiver would
railroad it is defaulting on its interest; and by a bank be required to enforce their return.
The Marine Bank
done either " after an act of insolvency, or in contempla
" tion thereof."
What is meant by an act of insolvency ?
Clearly not any mere condition, but "an act" and that
act something that is notorious, something by which every
it is
the refusal to pay
Hovise or closing
its
amounts substantially
Now
is
it
is
its
notes or balances at the Clearing
doors
—
a word,
in
it is
an act which
to a proclamation of bankruptcy.
not necessary to stop here and show that there
'
nothing in the case of the
St.
Albans Bank that meets
that condition.
Nor can
it
case
is
another
recent
be said that insolvency was " in contempla" to have in contemplation" is
occurrence.
In
that
instance,
through the dread of a lawsuit, our Clearing House institutions compromised the claim and submitted to an exacStill that event
tion which had no justification whatever.
has passed, and no one
should the
St.
desires
to
open the case again
not taken as a precedent; nor
Albans decision be allowed to stand in
except to see that
The expression
"plation."
for
it
is
that light.
and the dictionary defines
only meanings " to intend," •' to
as familiar as a household word,
it
clearly,
giving as
its
ERIE'S
CURRENT
AFFAIRS.
New York Lake Erie & Western securities have latterly
been very strong, and this week the second consolidated
any support to such a charge; in truth, the opinion of bonds of the road, which have been a speculative specialty
the Court states over and over again that the Bank, ever since the default in interest in Jane, 1884, have
though insolvent, did not expect to fail, the words used by established a further advance, touching 74 and closing
the judge in one place being, that it " doubtless hoped to at 72^.
Of course the tone of the street just now favors
"purpose," "to have under consideration." Surely no
one claims that the facts as to the St. Albans Bank give
" defer
event indefinitely."
not folly then to
higher prices, and that alone would be sufficient to explain
assume that insolvency was in contemplation ? But the
Court probably felt the ground to be a little slippery and
any ordinary advance; but in this case the bonds sold as low
as 45:^ only four months ago, and thus there has been a
an appreciation so considerable that it
rise of 27 points
the
so apparently
— though
it
Is
does not say
it
many words
by the law to the
fear which led him to
it
in so
—
transfers the " contemplation" intended
is
creditor and construes the creditor's
the mere speculative propensities of traders
think of drawing out his deposit into a " contemplation" of
the bank's insolvency.
Such a queer mixing up and
twisting of words and meanings as that interpretation
reasonable
to infer that
some other
beyond
haveJ^Bi at
influences
work to stimulate buying.
^W
The chief of these is undoubtedly the prospect of a settlement of trunk hne differences and the restoration of
October
10,
remunerative
TELE CHRONICLE.
1885,]
argued, and the argument has
It is
rates.
and
fall
little
force, that
in
of rates, but, unlike these,
it
will
now
share in the
advantages a policy of peace and harmony will secure
without having to boar any of the costs of bringing that
the cost to the Central being its guarantee
condition about
—
to the Lake Shore the ultimate guarantee, presumably, of Xickel Plato obligations.
But, besides that, a report has been current on the street
which has found believers, that the Vanderbilts have
been buying into the property, and that soon the Erie
will have to be classed among the other roads in which
We do not give
the Vanderbilt influence is dominant.
of the
West Shore bonds and
much importance
with figures diminiahed to that
a
Bearing that in mind, and the other circumstance
comparing
one sense the Erie will
derive more benefit from such a settlement than any of the
Like the New York Central and the Lake
other lines.
Shore, it has suffered heavily through the deraorali/ation
perhaps sonio
4oa
to either of these suggestions, but they
least.
we should say that a further loM of $100,000
September would be a sufBcient allowance tbis to bo
added to the $381,075 already ascertained. To be oa Uie
safe side however let us call the loss for the twelve'
months a round half million. What then will have been
earned on the seconds ?
To answer that question, it is necessary to know what
was earned in the previous year, and we find that in that
year the company fell $698,623 short of meeting the full
$2,015,844 required on those bonds at 6 per cent, after
providing for rentals, interest on equipment, interest on
prior mortgages and on the collateral trust bonds, interest
on floating debt, and other obligatory charges against
In a word, $1,317,221 was earned on the second
income.
With a decrease
consolidated bonds in the year 1883-4.
of half a million in net, and other things the same, there
would remain for 1884-5 $817,221 on these bonds, equiva-
mentioned,
—
for
have certainly had some influence. Still another factor
in the rise has been the report that the coupons now in
were to be funded; that lent to a little less than 2^ per cent. To be sure, there is
there are three of them
default
a definite plan to that end had been matured, and that a possibility that the miscellaneous income, which in the
this accomplished, the company would probably be able case of the Erie is difficult to figure, and which in 1883-4
—
—
resume cash payments next year.
was $200,000 greater than in 1882-3, may have fallen off,
But passing all this, as being as yet rather in the line of but, if so, there were probably offsetting items of equal if
hope than of fact, it would seem clear that under the not greater amount on the other side of the account.
change in trunk line conditions, the outlook for the year
It should be remembered that this miscellaneous income is
indicates a probability of much in large part made up of the earnings of ferries, dock propOctober 1
just begun
to
—
—
better results
than in the year past.
management has met with strong
and
have been
thrift
erally admitted that
its
distinguishing
Mr. King
is
President King's
approval, and
traits.
It is gen-
very friendly with Mr.
A'anderbilt, and with such relations between them it is
not likely that there would be any change of management,
Besides, the
there should be change of control.
will
maintained,
if
rates,
fruits of the advance in through
really
for
the
year,
fiscal
new
be reaped in full in the
even
if
strong effort to sustain the tariff will date from the beginning of October. On local rates, too, there should be a
gain, for though the Erie was not directly concerned in
the
Shore-Central fight for local business, yet indi-
West
rectly
it
could not but suffer in obvious ways which
it
is
unnecessary to mention here.
With, then, a pretty sure prospect for better results the
current year,
it is all
company has been
much,
for
the
more
able to do
instance,
interesting to see
in the late
and that the expenses for operating the same
of Erie's income
before arriving at the surplus remaining for the sec
ond consols. As Mr. King has so largely reduced the
expenses of Erie proper, it would seem that the effects of
a more economical administration must also extend to the
But even if there shall
other properties in his control.
have been no saving on this account, and the miscellaneous
income shall have fallen, off, there are one or two large
items that were met out of the income of 1883-4 that are
not likely to appear in the report for 1884-5. For instance,
in the former year there was paid $135,037 in adjustment
the New York Pennsylvania &
of
of back earnings
erties, &c.,
economy count among the payments made out
what the
poor year
was earned on the second
—how
consols.
Ohio road. This certainly was an exceptional item. Then
on equipment, which in 1883-4 amounted to
$358,834, Mr. Jewett stated in the last report would be
interest
for 1884-5 only $325,200.
Altogether,
be taken as a
we should say that 2| per cent
minimum of what the report
could safely
for 1884-5,
The material for such a calculation is furnished by the
publication this week of the statement of earnings and
when made up, will show to have been earned on the
second consols, and we would not be surprised if the
expenses for August, completing the returns for eleven actual figure should prove larger. Of course, 2^ or even
months of the fiscal year. The statement for August is 3^ per cent is not the 6 per cent which the bonds bear,
it does a loss of $123,but for a bad year, and at a time when New York Cen756 in gross and $136,572 in net, but the loss in the lat- tral paid only 3^ per cent on its stock, the exhibit would
ter for previous months was not so heavy, so that altogether seem a very good one.
not particularly goo3, showing as
the loss for the eleven months
striking
is
only $381,075.
commentary upon the economy
It is
a
that has been
THE MASSACHUSETTS CENSUS.
occurs on a loss of nearly 2^ millions (exactly $2,434,151)
The population of Massachusetts, as ascertained by the
recently completed decennial State Census, is 1,941,465.
in gross receipts, operating expenses having been reduced
The population
over 2 million dollars.
was 1,783,085.
practiced in operating the,
road that
this small loss in net
in 1880, according to the National Census,
The increase in five years is, therefore,
Having given the loss of $381,075 for the eleven months 158,380, or 8-89 per cent. Although this rate is less than
result for Septemljer, the the average increase of population in the country as a
is, what will be the
On that point since there are no figures whole, the figures for Massachusetts present some features
twelfth month.
With the more of peculiar interest. Tde condition of society and of comavailable, we can only give a surmise.
the question
merce and manufactures in that State, is unlike that in
any other Slate of the Union, though the difference
monyi^ to local business, already alluded to, we
more
ago
must
be
jiidg^^Bt the comparison with a year
between Massachusetts and Rhode Island, Connecticut,
great.
In
not
did
year
September
last
August.
favorame than in
Central and Southern New York, is not very
record so big a decline as August, but the falling off all that district, as well as in Northern New Jersey, wo. find,
nevertheless amounted to $148,730, and thus we will be first, a series of cities of the .first or second magnitude,
favorable conditions however
that
prevailed during the
should
THE CHRONICLE.
408
manufacturing
the Census of
Much more than one-half of the population is
exceeding
that is, residing in cities or towns
the
throughout
and
each,
inhabitants
Massachusetts.
and eecondly, a large number
towns.
urban
;
of
active
twelve thousand
increasing, while the
whole district the urban population is
holding its ownbarely
or
diminishing,
rural population is
Massachusetts,
to
place
first
in
the
Confining attention
participates in the
State
the
in
county
every
we notice that
and Nantucket— the
increase, except Barnstable, Dukes
hard) farming comcape and the islands, fishing and (very
containing
largest town in the three counties
munities, the
Vol. XLI.
1885 there are twenty-six such places in
The Census of 1880 "places the centre of population of
the United States about eight miles from Cincinnati, just
across the Ohio River, in Kentucky. No doubt this is the
result of an accurate
est
concentration
northeast of that spot.
Suppose we draw a
is
The
great-
far to the
line along the
thence west and south of the Pennsylvania
Northampton, Lehigh, Backs,
and Sullivan
the rest of the county has lost.
18,500, or 500 less than the comincreased
Bristol county
of Fall River, New Bedford
cities
the
of
increase
bined
Jersey, so as to cut
;
counties of Pike, Munroe,
Montgomery and Philadelphia; and thence
field,
increase of 6,100, and
calculation.
northern boundary of Massachusetts to the New York
frontier; thence along the northern and western lines of
the following counties: Rensselaer, Albany, Greene, Ulster
But in Berkshire county,
than 4,500 inhabitants.
Pittswhere the increase is 4,600, the three largest towns,
combined
a
exhibit
Adams,
Adams and North
less
and correct
of population, however,
o£E
across
New
the counties of Atlantic, Gloucester,
We
have then enSalem, Cumberland and Cape May.
Island
and ConRhode
Massachusetts,
of
whole
the
closed
estimate, one fourth of the area of
Essex necticut, and, at a large
and Taunton, and the town of Attleborough.
New York, one-tenth of that of Pennsylvania and threecounty added 19,000 to its population, 13,000 of which
Within that line were
of that of New Jersey.
fourths
representing
was contributed by its cities. These counties,
two-thirds millions of
seven
and
nearly
in
1880,
living,
which
rule,
general
every part of the State, illustrate the
The
area aod population were nearly
7,653,530.
people
statistics
consolidated
the
is made all the more strikmg by
There are in the State as follows.
of urban and rural population.
more than twelve
having
towns
and
7bl5j.»fiJ«
Population,
twenty-six cities
Area. Sq. UUa.
in 1880 Massachusetts.
population
221-78
gross
whose
1,783,085
each,
8,040
inhabitants
thousand
254-87
27t),53l
1,085
These muni- Rhode Island...
was 1,000,330; in 1885 it is 1,124,362.
128-52
822,700
4.845
ConnecUcub....
233-37
2,7i«,a80
11,905
cipalities exhibit an increase of 124,032, leaving for the New York
261-99
1,178,439
4,498
There are Pennsylvania...
i»a-2i
rest of the State an increase of only 34,348.
1,014,495
5,878
New Jersey
I811-8
7,653,530
35,031
fifteen other towns having each a population in excess of
Total
inhabitants
eight thousand which now contain 142,424
The density of population within this area was almost
When exactly that of the German Empire in the same year,
against 128,725 in 1880— an increase of 13,699.
these aho have been subtracted from the general total, namely, 213 to the square mile, and it exceeds that of
there
is left
an increase of only 20,649 for the rest of the
Commonwealth. The facts can be stated in another way.
The general increase of population in five years has been
8-89 per cent.
The increase in cities and towns now
having more than twelve thousand inhabitants each has
been 12-4 percent; in all places (including those just men.
Uoned) having more than eight thousand inhabitants 12-2
per cent; in the rest of the State but
this it
can easily be seen
how
closely the
Commonwealth has concentrated
For as
New York
City
is
cent.
activity of tbfe
ton, the
It is
New York
State, the small cities
of Massa-
detracting nothing from the glory of Bos-
this.
In
computation concerns the
been maintained throughout the territory described, and
in all probability it has been exceeded, then the average
population within the area is already 230 to the square
and at the same rate of progress it will be 250 in
Another ten years would bring it up fully to the
present density of population in Great Britain, namely,
mile;
1890.
290 to the mile. This speculation is more than reasonIn 1880 more
It is almost certain to be realized.
able.
of the United
population
than 15 per cent of the whole
of
than AmesYork
from
New
away
States lived no further
second commercial and monetary centre of the
Union, to say
this
If the rate of
future rather than the present or the past.
years has
five
past
during
the
Massachusetts
increase in
body in every part.
the great fact and the over
its
Massachusetts are the distinguishing feature
chusetts.
From
But the value of
about the numerous
itself
ganglia which are scattered through
powering influence of
315 per
France.
fact
it
is
for the advantage of
bury,
Massachusetts,
phia to the south.
to the northeast, or
The percentage
maintained hereafter; but
it
is
is
than Philadel-
not likely to be
a very important fact that
was then next door, as it were, to seven and
Boston that it is so; for Boston has not become so great a
two- thirds millions of people, and that this number is
power, by the annexation of independent neighboring mumorally certain to be swelled to more than nine millions
nicipalities, that the people of the State combine naturally
in 1890.
and instinctively to oppose its favorite measures. Boston
itself
has but 390,406 inhabitants, yet if
in five miles of
all those living with
Boston City Hall were added the population
New York
RAILROAD EARNINGS IN SEPTEMBER, AND
FROM JANUARY 1 TO SEPTEMBER 30.
would exceed 540,000. But it is the more distant cities that
must not be forgotten, for these are Worcester, with its
The course of railroad earnings during September, as
reflected by our tables below, was distinctly more favor68,383; Lowell, with 64,051; Fall River, with 56,863; able than in the months preceding, and would seem to
Lynn, with 45,861; New Bedford, Lawrence and Spring- indicate progress toward a more satisfactory state of
field, each with between 30,000 and 40,000; Taunton,
In the first place there are more roads reporting
things.
Gloucester, Haverhill, Salem, Holyoke and Brockton, each increased receipts than decreased receipts.
This is a
exceeding 20,000; and nearly a half score of little cities reversal of recent experience and is significant of the
of from 12,000 to 20,000; and all of these are large enough change that has occurred.
In the second place, taking
and independent enough to have their own plans and poli. the roads in the aggregate the decrease for the month is
cies, and to exert a very decided influence
upon public only nominal, and if the Oregon Navigation is^Huded
affairs.
New York is the only State of the Union that ap- the decrease is changed into an increase.
^P** ^
proaches in number the urban centres of Massachusetts.
a great many cases the improvement during the month
By the Census of 1880 there were twenty-eight cities in has been progressive that is to say, later weeks have
New York having more than 12,000 inhabitants each; by given a better account of themselves than earlier weeks.
—
—
OOTOBBn
THE CHRONICLE.
10, 1886.]
Bat what makes the exhibit appear particularly encour-
409
September
is July, in which month the decrease waa only
$65,753; but in both June and August the falling off
that the revival in business, so patent in recent months aa was over $800,000, in April it was over $900,000, and in
concerns the view of affairs taken by our business men, May nearly $1,300,000.
Perhaps it may be supposed
has at last got so far under way as to show its presence, that September last year waa a particularly bad month,
aging,
even
that
the fact
is
lends confirmation to the idea
it
For and that therefore we are comparing with
much diminished. In the case of some roads
only in a modest way, in railroad earnings.
if
apart from that circumstance, there has been no influence
very
totals
this is troe^
work to swell traffic. On the contrary, in a number of but it will not apply to the roads as a whole. To dispel
ways current conditions have been adverse to the rail- any such notion, we give herewith the September record
Take the great grain-carrying lines. These have for six years.
roads.
all suffered a diminution in their wheat movement
very
Jroroft.
Eamlnti.
heavy indeed in the case of those that are dependent upon
InereoHot
at
—
and quite decided in the
case of the spring-wheat carriers- Of course, the falling off
is almost entirely due to the shortage of the crop, though
in the Northwest in some minor degree a disposition to
hold on for better prices is responsible for the contracthe winter variety of the
Besides
tion.
the
cereal,
loss
in
many
wheat, however,
roads
Ttar
T4ar
atvtn.
PrutOlnt.
MtUt.
Mttf.
Ytar
Ttar
PnceMnt.
Decrtatt.
I
»
$
8«pt„ 1880 (89 roads).
19.718.665 /iw. 2.77S.1S8
91,832348 Inc. 8.S65.838
16.486.880
Sept., 1881 (65 roads).
S7,8SS
48,179
47,269
87,879
4S.in«
49,907
47.789
51,780
88,537
44,664
Sept., 1882(61 roads).
Sept, 1883 (08 roada).
Sept., 1884 (59 roads).
Sept.. 1885 (86 roada).
25,888,170
W,TS0.W7 26.108.484 Inc. S.«42;«n
ST,4»4,t70 SS.48ii.610 /n«. S,0in.8M
I9.»6,0«4, 90,3»4,S1« LOec. t,188,in
ao,27«.44a' «o.359iaBel Psc.
8r»i8
Thus there was a loss last year, but it was no heavier
have also had a smaller com movement than a year ago,
though then the movement was quite light and greatly on the contrary, it was a trifle less than in August of the
Yet in August this year there was a further
below that of 1883. Notably is this true of the roads to same year.
—
com
Chicago, where the receipts of
weeks of
in the four
September were only 5,859,144 bushels this year, against
6,641,705 bushels last year, and 10,622,989 bushels the year
The movement
before.
rye
— was
traffic
of
other
grains
—
oats, barley,
in addition to that of 1884, of $862,054, while for
loss,
September now there
indicates the
reflects
and Peoria seem
have fared quite
to
situation in this respect
is
shown
In
well.
brief, the
out of place either to refer to
Groin.
Total tour weeks endlDg Sept 26,1885
Total four weeks endlnif Sept. 29. 1883
Evidently a loss of
this year,
roads-
7 million
Flour.
Biuk.
OAa.
519,569
M0,019
a fair guide.
35,385,82.1
706,781
east-and-west trunk lines included.
was not a favoring influence
move
the
to
rail
In cotton the receipts at the Southern ports were
not that section that
As
for improved reports.
is
extent of
the same, but enough of
Below
years preceding.
affairs, rates
yame
recorded
certainly a gratifying change.
as they well
in previous
months, this
How much better
is
the Sep
than the most of those that preceded it,
is shown in the following table, made up from our monthly
returns and giving the aggregates for each month since the
is
beginning of the year.
Detroit
A T.
Flint
Fla.
A
,
.
Pere Manj...'
WUave.
Baminng.
InereaH or
.
.
April (51 roads) ....
MsT (66 roads)
(49 roals)
Ii^n| roads)
A.^^M50 roads)
8^^Her(36 ro ida)l
Jane
.
Here we
.
Decreate.
1885.
min.
MiU*.
81.485
49,579
49.154
43.624
44.149
17.708,036
43,537
40.813
47.296
40,884
48,872
45,392
45,513
44,317
41,210
47,697
42.118
44,564
see that the
I
1881.
Ul.
Cent.
Do
Do
DIv.)...
(So. Div.)...'
(111.
(Iowa Hues)
A
Ft. 8.
$
16,972,,860 Inc.
16,268,.067 Dec.
17,290,374
18,687,.835 [nc
17,466,848
15,885,528
18,413,,743 Dec.
17.191 .%5 Dec.
13^837,167
16,041 .T.U\
17.793,618
17.859,.SllDec.
!6,466,830
17,827,,884 Dec.
IM.
20,855,saei Dec.
September return
is
t
825,187
251,874
702,539
915,896
1,298,837
807,665
65,753
862,064
ffi,9l3
about the
we have had since last March. The only
month in this interval that disputes the honor
best
West..
Gull
A
A Mem..
LouK Island
LoutsTille
A
I
NiialiT...;
-Muiiltattan Elevated.
•Mani. Houicli.
On.
A
18,016,193
80,272,445
C0...1
IGrand Trunk of Can.
Oulf Col. A Santa Fe.;
*Kan. C. Sp.
Ptriod.
Haute.
R'yANav.
other
wiili
Mexican Central
Milw. L. 8h. A West..
Milwaukee A North..
Mobile A Ohio
N. Y. Out. A West'u..
Norfolk A Western...
NoriUcru Paeltlc
OliloSoutliom
Pe<»ria
RICU.
Oec.AKvausv.
A
Coluniliia
A Auk
A Gr'v...
VirKliila .Midland
1884.
S
$
.
S<'.15(>
63.400
167.304
.
West. No. Carolina.
Rocbeeter A i'itUI)..
.
4.^.>*H4
I
46,737
261,160
639,810
149,9501
754,291
916,861
163,508
15S.874
2,273,000 2.201,241
2,383,3001 2,346,914
672,900'
527,831
11^,2811
124.257
220,195
250,9847,927
46,587
561.893'
521,957
6-),3Sn
54,802
28,288
30,299
122,89-!;
120.796
69,302
70,601;
167,62b
17J,169
64,978
60,737
1,298,603 1.480,931
211.048
185.271
G0a,144
591,282
306.544
324,783
1.^7,391
166,626
242.461
24.^.220
142,62^
136,349
65,297
66.985
3!5.1li)
313,304
l,132,t!5.'i
1,145.366
562.70)
533,060
75,259
80.774
246,007
238,800
99,208
141,805
46,33:<
46,373
160,669
156.323
187,27.">
205,318
266,06!)
246.825
l,202,317i l,236,.'ie(
46,5959,074;
74,696
78.6541
371,500
Danville
Ctiar. Cul.
1835.
8 15,0X1
142.658
Laus^ A No.
Evsnsv.
Ind. Bloom.
1884.
these, per-
our usual detailed statement of
44.881
299,97s
•Denv.A Rio Gr. West:
'DesMoluea & Ft. L)..l
•Kan.C.
(ns roads)
is
of Road.
.
March
we had
If
Oroft Bamitigi.
regards trunk line
ife
50.W6
the comparison
QBO88 EAHNINOS AND MILEAOB IN SEPTEMBER.
,
Jannarr (70 roadu).
Pebruary (69 roada)
make
earnings and mileage this and last year.
Bost.noos.Tun.(b W.
18S6.
to
haps the result for the present year would not be quite so
favorable, and certainly it would not have been in the two
growth of the meeting of trunk-line Presidents, did not go Burl. Ced.Rap. A So..
Cauadtan Paciflo
into effect till the close of the month.
So, too, the Ontral Iowa
Ji Alton
advance in westbound rates, the result of the same meet- OblcaKo
Chto. & Eastern 111...
Oilc. MUw.&St.Pau!
ing, did not become operative during September, but was Chicasro & N'»rtliw©8t.
St P.Miriu. &0
only made this week (October 5).
And yet despite all Ctiio.
(;iilc.
We8t Mich....
lud. St. L. &CU..
these drawbacks, we have earnings (on the roads reporting) Cin.
Cleve. Akron & Col
in the aggregate quite as large as a year ago.
In the face Denv. A Rio Grande.
tember exhibit
them were
particularly distinguished
on east-bound business were as demoralized
losses
Of course the
In none of the years were any of the great
could be, and the advance in rates, which was the out-
of the heavy
1884 the gain from year to
heavy indeed that the loss
82,108,987
bushels in the grain
not
pre-
roads reporting in these different years were not always
course that operated to the advantage of Southern roads,
it is
—so
at least
fact (alluded to in
2S,S80,886
generally in excess of a year ago, and to that
but
—but
It is perhaps
1883 appears really insignificant.
since
Watem Ports.
Bweiptt at LeadtHQ
ttio
vious reviews) that prior to
year had been very heavy
as follows.
this
upward movement of consequence
speaking of the roads as a whole
is,
And
substantially no decrease.
below a year ago, and altogether the grain
was greatly reduced, though all ports did not suffer the downward movement was arrested.
also
in equal degree, and in the case of oats and corn St. Louis
ment
there was no
;
—that
is
extent of the improvement that September
115.83^
330,7tXi
64.276!
51.I30|
Mileage.
IruTtait or
1885.
Deereatt.
-1
+38,813
990
61
824
+ 175,1601
2,794
2,500
-7,292l
490
849
490
849
251
4,933
3,843
1,318
413
4.801
8,779
1,307
853,
-162,673
+ 11.634;
+ 71.739,
+ 36.38 i
+ 15,016
—11.968
-30.793
+ 1,340
+ 39,93(1
+ 10,'iS3
61
251
342
413
342
144
1,317
1,317
14-4
368
143
+ 2,102
+ 1,299
368
143
261
146
—1,573
361
+ 4,241
518
146
361
500
-182,331
+23,777
2,91H
2,913
—9.235
S36
933
711
40J
-2,7.59
+ 8,276
+ 1,688
+ 2,115
389
262
854
536
953
573
402
532
389
883
sst
—12,711
2,015
3,085
+ 29,610
+ 5,5l.^
160
33
135
—7,207
1,236
1,236
+ 45,597
+ 533
627
418
221
528
373
503
+ 3.958
254
774
363
S94
853
274
294
—2,031
+ 14,862
— 18,2J9
.53.'
32
221
-4,346
S28
373
-18.043
—19,24*
602
-34,243 2,b91
128
+ 12.47<)
+ 40.H00
+ 15,874
+ 12,270
170.268
42,879
—2,964
10».02«i|
+6.80^
+a,K8ft
*
Includes tliree W(<eka o:ily of September In eaob year,
t
Four weeks ended September
2d.
1884.
9
261
2.433
128
254
774
363
294
353
274
294
THE CHRONICLE
410
Jfnime 0/ road.
Joseph &
St.
W..
Grt.
StOi.
A.&T.H.m.Une
"^.Do
do
St.
St.
St.
iiz.-jes
113,713
30.541
40,186
398,508
172,572
740,845
91,526
1,236,160
74,179
(branolien) .
Wioli
'St.Louis Ft.S.
&
Louis .t San Frau .
Pan; A UuliitU....
Paul M iuo <& Man
•Texas & nt. Louis...
Wftb. St. Louis * Pac.
'Wisconsin Central.
.
.
Total (50 roads)
Oregon R' way
& Na v
Iturease oi
Decrease.
1884.
1885.
1885.
+ 433
+6,326
+ 8,821
+ 20,429
+ 2,25H
—64,435
252
195
i:!8
185
796
225
1,471
1,471
—2,370
—191,715
+3,997
70,18::
1884.
252
195
138
214
815
225
+352
111.941
1 13,:3U
44,215
31,365
462,943
152,143
738,587
93,M96
1,427,875
735
735
2,461
2,161
418
418
—32,913 14,564 43,372
20,272,445 20,363,3o8
3^7,000
577,000
+ 190,000
+ 107.087
St.
Louis
San Francisco, the Wabash, and
&
added
to
Illinois,
the
and
As
the Cincinnati Indianapolis St. Louis & Chicago.
found
is
decrease
regards the latter, the explanation of the
influin the reduced yield of winter wheat, and the same
combined with a smaller corn movement, doubtless
operated against the Wabash and the Chicago & Alton.
The Wabash, moreover, being operated as it is by receivand undergoing disintegration,
ers,
is at
a great disadvan-
of the
understood, however, that the earnings
road are
based on the same mileage in both years. If the earnings
on the reduced mileage this year were compared with
those on the full mileage last year (some 1,085 miles
more),
the
loss,
instead
being $191,000, would be
of
$485,000, but on that basis of course the comparison
would be misleading.
In reference to the St. Louis & San Francisco, the decrease
September is not quite so heavy as that for August, and
for
should be remembered that in the case of this road
we are comparing with very large earnings a year ago,
it
the St. Louis
& San
Francisco having pretty nearly
through 1884 reported notable gains in
when
receipts, at a
other roads were falling decidedly
understand
that, aside
from that
is
no
time
We
behind.
there
fact,
all
partic-
ular reason for the decline now, except general dulness of
trade and some contraction in the ore
pany's
traffic.
The com-
say that the net will show much better than
As concerns the Grand Trunk of Canada, its
wil), we know, be taken as reflecting the state of
officials
affairs
on the American trunk
that such a conclusion
we
notice that the
Terre Haute
—part
—shows a small
may
main
but
lines,
it is
be erroneous.
line
of the
St.
just possible
At any
rate,
Louis Alton
&
of the Vanderbilt system to St. Louis
increase for the
month, which has not
in any other month this year.
However, the roads that fall below a year ago, are, as
already said, in the minority this time. Those with enlarged
totals are by far the most conspicuous.
And among these
the Northwestern lines deserve particular mention.
They
been the case
all,
without exception, run ahead of 1884. To be sure, some
of these suffered a reduction a
Northwestern
year ago, but the Chicago
The
latter
probably
lines of
the
Central,
Illinois
Dodge, and the Iowa
have diminished totals
& Fort
Central Iowa, the Des Moines
all
already referred in a general
way
to the influence
the month, and the follow-
movement during
of the grain
ing table in our usual form will show the receipts of the
different cereals at each port during the four weeks ended
September 20. It will be noticed that in wheat there is
a falling off at every point.
EECEIPTS OF rLOUK AND GRAIN FOR FOUR WEEKS ENDED SErTElTBER
26 AND SINCE JANUARY 1.
ChiCOflO—
4 wk8.,SeDt., 1885
Flolir,
Wheat,
(hhln.)
(6ueh.)
11,1)98,008
8.61!),
12,4»6,waS
Mihvaukee—
4
St.
LouU—
11.660
6,0s6,161)
138,40?
248,218
1,188,342
2,32J.794
8,300,144
l,027,937i 10,163,803
195.765
1.389.6551
738.779
542,226'
199.0>15
723.889,
18,573.780 5,653.529' 1,665,248
14,120,706 5,127,266, 1,019,494
87.008
133.801
414.434
336,975
38.768
64.880
100.069
101,062
1,304,164
2,813,870
RS,i99
137,144
4 wlts..f<epi;.,1885
4 wkb-.Sept., 1884
Since Jan. 1. 1885
SlneeJan. 1,1884
(bMh.)
129,6601
811,737
63,220|
5l-.2,864
l.iO.O.'iO
70,320'
435,733! 1,145,658 &,121,8u3
605,480 2,260.941, 2,641,931
407,285
821,765
6,980,675
329,595
188,985
wits., Sept., I88t
4 wka..Sept., 1884
Since Jan. 1,1885
Since Jan. 1,1884
Rye,
Barley,
Oats,
Cbuih.)
836,604
233.502
5.859,1441 4,089.236;
806,395
068,639
6.6*1,703 4,548,133
48,370,595 27,720,809 4,616.33»! 1.191,801
45,521,416 29,216,447, 2,912,315 2,a70,!8»6
1,073,011
3,170.228
240,814
213,403
174
I,a28,3»3
4 wlt8.,'Bpt., 1884
^ince Jan. 1, iSb5
Since Jan.l, lb84
Com,
768,476'
9.7,«.0
Toledn—
4 WK8.,^ept., 1885
4 wks.,Sept.. 1884
Since Jan. 1, 18x5
Since Jan. 1, 1881
13,608
8,370
9S.620
57,974
1,063,184
8,133,547
5,526,581
9,76B,47a
172,726
307,;W0'
2,,55»,9H
5,102,2871
98,776
108,603
411.280
489,377
20.112
7,971
1,420.803
1,422,948
5,158,853
4,600,261
37,176
36,981
1,671.547
1,347,932
138,314
100.147
821,541
814,682
30,790
15.389
291,045
332,252
71,153
9.500
30,500
656.469
601,193
88,710
129,000
660.Ou0
838,850
8.500
17,315
99,639
180,106
781,050
7,63a.796
7.345,610
2,165,420
1.981.525
9,994,6'0
9,924,038
464,200
840,000
S8,7E0
72,780
296,840
374,295
1,453,728
1.806,773
1.660.37!
8,756.912
7.486.124
9.030.823
052,608
1.348,705
2.206.901
8,541,606
5,259.069
1,945
98.550
50,026
Detroit—
4 wks..Sept., 1885
4 wl[s.,9ept., 1884
Since Jan. 1, 1885
Since Jan. 1, 1884
6,814
&4,598
86,b35
Clevehind—
4 WK8.. Sept.. 1885
23,332
15,768
4 wk5.,Srpi., 1884
Since Jan. 1, 1886
Since tan. 1, 1884
ia9,7-<0
106,797
1,178,425
1,493,625
4 wks.,Sept., 1885
4 wks.,Sept., 1884
8ince Jan.l, 1885
Since Jan.l, 1884
6,750
3,960
97,485
39,914
34,385
73,585
27l."90
439,015
84',2-;5
6:;4,880
1,258
'
i',238
500
1,500
15,350
2,600
55,200
52.S0(1
Duluth—
4 wk«. Sept., 1885
4 wk8.,Sept.. 1884
Since Jan. 1,1885
Since Jan.l, 1884
2,3-28,456
38,000
90,575
2,513,407
6,720,503
89,244
416,850
3.987,7r
858
Total of nll4wk8..Scpt..l885
519,569
7.646,599
4 wks.,Sept.,1884t
640.019; 13,803,523
4 wks.,Sepi... 1883,
706,781 11,826,804
Since Jan. 1, 18^5 5,99?,2«5: 46.131,784
Since Jan. 1, 1884 8,310.060 19,104,051
Since Jan. 1, 1883i 6,238,083' 47,845,073
Southern roads
notwithstanding
all
—that
the
is,
8,305,471 7,444,885!
8.2H3.975 7,704,148
13,267.926 7,283,811
79.882.076 46,343.836
74.8 15,4 HI 48.674,301
89.885,707 43.628.551,
410.203
so-called
those distinctively
heavier cotton movement,
do not
& Western and
showing losses. On the other
record enlarged earnings, the Norfolk
Louisville
&
Nashville both
some
hand, the Florida Navigation and
&
3,970
36,419
13,109
of the
Richmond
Down
Danville roads report considerable gains.
in
Texas
termed the Southwest, the exhibits are
pretty good.
The Gulf Colorado and Santa Fe, for
The Fort Scott
instance, has an increase of $25,000.
roads likewise have all improved on their totals of a year
The following
ago, though the gains are only moderate.
table shows the receipts of cotton during the month at all
and what
is
the leading Southern outports.
BE0EIPT8 OP COTTON AT SODTHERN PORTS IN SEPTEMBER, AND FROM
JAN. 1 TO SEPT. 30, 1885, 1881 AND 1883.
is
it
bales
which have hitherto been
distinguished for their poor returns, the Detroit Lansing
& Northern has a slight increase and the Marquette
Houghton & Ontonagon also reports some improvement.
;
1884.
1.
1885.
1884.
1833.
71.830
8.360
64,262
12,350
761
84,048
734
158,488
8.513
493,423
206,639
4.803
468,053
6j.46i
440.603
8,76»
870.558
118.038
10.008
326,298
084
138.368
4.235
1883.
80.901
7.!.652
781
114,77,8
2,990
43.012
11.438
8.376
1C0,352
739
1,198
03,000
60.582
46
63,441
759
12.620
11.391
7,993
23,301
l,7.-j'
2.4110
17,799
20,777
8,984
188,25J
West
154
87.083
4.803
333
Norfolk
85
23.473
176.408
6^,834
825.692
a9,at9
384.277!
.'3)1 '8
3.30. 4"9
«
2.4Sn log
CilarlesLon
Michigan roads,
Since January
September.
1885.
Brunswick. &c
decrease.
Among
.
has profited by the increased receipts of corn at Peoria.
Iowa lines, as heretofore, are behind in the race, and the
ihe only line on which the loss was
was very heavy, and has only in small
part been recovered this year.
But both the St. Paul &
Omaha and the Milwaukee & St. Paul have larger earnings than in any previous September, and the St. Paul Galveston
IndianoU, &c
& Duluth reports the largest month's earnings on record. New Orleans
The Northern Pacific, however, which runs partly through Mobile
Florida
the same section, h^s not done so well, and has a small Savannah
&;
heavy, and there
Evansville.
Decatur
the gross.
decrease
Central (main
Illinois
ence,
tage with other roads, and would lose business whether
It should be
the traffic conditions were good or bad.
Chicago & Eastern
Ohio Southern
line),
are
earnings
their
Peoria
We have
20.849.445 20,74-2.358
Grand total.
* Only turee weeks of September in each year.
The roads here that attract attention for diminished
Chicago &
receipts are the Grand Trunk of Canada, the
Alton, the
the Milwaukee Lake Shore & Western
increase in mileage, but an even larger
considerable
has a
Other Western roads that have
earnings.
in
increase
In Wisconsin,
Mileage.
Orois Earnings.
XIJ.
[Vol.
Port Rnyiil, &C
Wilmington
Morehead City, &c.
Point, 4c...
Total.
54.459
12,209
2.774
6>8
68,4:16
27.338
285,037
21,053
214,468
2,760
S.OOi
152.48-<
S.0'34
28,400
ea.ou'.
1,3)6.S
1
,400.8
•i
OOTOBER
THE CHRONICLE.
10, 1886. J
For the niuo months of the year ended with September,
the total of the decreases of course exceeds the total of
the increases, but there are some noteworthy gains never
Canadian Pacific naturally stands at the hea<i of
and Mexican Central comes next, but Denver & Rio
(Jrande
distinguished for
also
is
increase,
its
Louisville
&
"Western.
Losses are heaviest on the Grand
Northern
and Milwaukee
Nashville
Pacific, the
Wabasb, the
I^ake
Louis
OROSS BARinNOS FROM JiLNOART
Road.
1985.
ClilcaKo M Alcoii
Chic. A KasUM-n Illlnolg.
&
ChlOHKo .Milw.
.Viirr
Sl.r.iul
Invest
"Dea Moines
Ft.DiKlge
Detroit Laiwins & Sa...
£v»u9v. it T. Haut«
Flint *! IVro .Maniiietto.
Florida I4'y A: Nav. Co..
I Orauil Tr. of Canada. ..
Qtilf Col. A Santa Fe....
.\£
l.slaiid
'
1.92>i.-,03
X7.723
Oliio ^(iiitUeru
A
CUar. Col.
Col.
A
.
&
Augusta.]
Greenville'.
I
Virginia Midland
West. Nor. Carolina...
BochesterA Pittsburg
122.43-<
318,3.;S
830,^0.'
'i9.2l6
.
8t.L.A.AT.H.inain Uue..{
*Do do (brani'liesi
A
•St. L. Ft. Scott
Wicli.!
3. Fraiieisoo
6t. Louis
St. Paul
Duluth
Bt. Paul Miuu.
.Han . .
Wabasb 8t. L.
Piic.
A
A
* Wteoousin
A
A
12,992
Total (53 roads)
•
Includes three weeks only of
Sajit. In
each year,
t
l.flOJ.701
681.170
052,919
451,370
510,427
270.886
291.538
180,4S4
3,4fl03«l
218,S8l.
3,fll)S,H(8
971 .2i«
1,032.602
f4a4.881
18S4
Jt
A
Louisville
peake
&
& Ohio
lines,
&
lost
&
the
Uead. Coal
it
Chattanooga
also decidedly fallen behind.
tbe returns of
all
St. Louis,
6,577.730
8,010,fl2U;
70,1 BO
l,Sfl3.'.l).-)
373.825
270,120
222,18)1
47,910
2,214,H06
487313
.''.OVJ.SOa
2,'VV?.S9«
4,0(7.894
2,1M.88'
Iron—
2.076,982
3,743,791
1,581,822
1,717,193 2U.283,47a
853,407
28,408| P?418.010dr 149.994
811.667 tO,434,344'd( 84,030
1,02,3,954
15.8tl0,636
1,-.445,102
15,787.425
5.311,400
5,845,873
I
93.012:
101.343'
119,620
892.933
121,82Sll
929.410,
355,873
387.194
]<
July.
Jan.
»
*
1.370,209'
Chicago
& Gr. Trunk—
1885
1814
Det. Gr.
1885
1884
Haven * Mllw.—
36,3i9:
43,1701
18,93o!
13,526!
14.318<
«
i
18^
1884
Orleans—
31.
•
4.669.389
4303388
3
I
5,758)
12,181
5.404
6.746
«
•
155.401
127,277
def .2,847
99.3,693
48.938
1,231.307
313,922
110.470
129,323
114,934
def.4.46<
3,431
1.027.4CI'
125,89;!
1,105,-09
120,041
201.541
106.73»i
106,121
66,693
80,145
50,046
958,790
403,199
df.U3ae
835.738
198,669
143,874
150.304
91,884'
1,633.123
1.492.057
»79,6<9
42.fS60
20,3i!S
22.943
80.217|
19,0M
1386
83,4.15:
64,028
45,747
42.899
87,688
21,729
466,006
164,8U
250.4181
203,227|
liW.610
161.843
51,808
41.384
2.109.486
1,839,809
086,795
618,181
612.151
486,746
410.573
371,103
201.578
112,648
1,874,348
735.870
981.717
1.138.475
Louisiana Western—
1V45
1884
i
15i.554
176,209
18636"
1884
8
£
July
U>
58.476
81,3i5
42.087
53.351
21.0»M
1
»
7,92«,8n«
8,6<M,298
875.883
716.587
I
197.640
215,185
296.500
Southern Paelflc Company—
Galveston liar. & 8. An.—
401,926
652,412
^
H.
2511,110
48,265
def.4301
27S.880
700318
310,373
248.124
169,401
5.32.78;
233.480
933*8
I
18.85
1884
T.
715366
7.271,198
8,440,810
1
I
1.36'',999
&
2,022.M7
2309,4411
102.827
182,738
1.413,993' 18.298301
I
2l2,af8
223.368
Morgan's La.
1,645,012 2S.0fll,0O4 9328,080
2,151307, Sl.940,2'^8 U,6343llS
1,.126,757
2.331,136*1,307,182
2,417,710 «1, 172,608
A Branches
k New
173.877
185.151
1,417.888 1,395.480
1,948.741( 1,737,054
1884
Hn.~
1885
1884
TotAl— Atlantic System-
Reading,
1885
1884
T..tHl-'Pa<)iao
System—
1865
1884
Memphis & Charleston, the Nash-
ville
1,334,722
1,338,489
4-«>,9lf7
367,9091
Grand Trunk of Canada—
heavily,
have
l,0«0.7:u
6')",70S
Name.
Texas
89.6»<
1.957.32!!
205,404
2.940,730
3,299,016
Central PaclBcl—
1885
i.oij.iii
1.550.846
655^421
672,472
'W 12.605
l^ne
;
I8H5
1884
1361042
1371UI0II
I
275,IKni
276.70 1
A
133i,Slfl'|
der.2,7»'l 13SS.24)
97387
Brie)—
1S84
and such roads as the
Nashville, the Northern Central, the Chesaall
1.088,181
103 121
117,878
To Sepieiuber 26.
Quincy, the Pennsylvania, the Philadelphia
8,4n.niv
145.283
110.532
In net earnings, some few roads, like the Northern HouHtoQ & Texas Central—
18x9
Pacific, the Atchison, the New York & New England, the
1884
Mobile SOhio—
Canadian Pacific, the Baltimore & Potomac, the Chesapeake
1885
1884
Short Line—
Ohio & Southwestern, and the East Tennessee, are able to Oregon
1RS5
the Erie, have
849.148
2i;8,408
Central—
West Jersey
show gains over August, 1884, (though the Canadian
Pacific and the New York & New England are the only
cases where the gains amount to anything), but nearly
»U the rest have smaller net than in the preceding year
in a number of instances, considerably smaller.
Among
the larger companies, the Union Pacific, the Burlington &
790.991
875,235
8,17«6M
2.'S0.4a4
7,174,336
I
8,4I&S««
703,044
435,094
A Western—
1885
1884
149,62),370[151,C19,4915, 180.215
Hetdeorease
8.969.677
8,7j«.6<«
8343300
2.6173M
li*-9
26'il7
1W3S1
400.432
448.982
2,137.274i
2,164,871
PbilH.
968,761
990,737
a77.03B
•84 ,.131
877369
15.^.721
I8(i4
5,600,456
11,167.88.)
.
Central
BSMh
178.S27
211,169
l*-5
'23,678
H91..i03
8139*
M,4as
327,248
300.794
* New EnnUno-
IfWS
1881
318,9)5
148,171
4T.797
18.1I7.3«5
V.
81,591
3,381,261
584.1 <e
Te,4«S
101,S01
610.176
55,630
l6!f!603
130310
130381
19,89(>
1
188.5
52.^.35^
3.J0,816
821.677
18,061
17,
503JUM
Onlon'paciBc—
986,913
842,720
801.11
1MM7
t8,S8«
102.59(1
Philudetphia
49,389
8,450,o:w
i88,oae
4S,«t8
87,212
85J 19
U»A)I
Philadelphia A Ueadlne—
j
697392
1.833.854
1.2<I,038
1883
18*4
Penn.iall lines euttut Pitts-
50.295
33,454
58.0*8
1.737.458
1.8)1.214
6.),343
2.699,873
511.120
418.743
1,184,174
886,39%
814.182
2.Sl»,IKrt
ISMSI
75.831
1HS5
1884
576.1)51
<
U,«M
188,345
«.
8i8,4IM
«ta,193
106396
burg
32!».833
Evansvillel
Danville. .
10...
7,975
139,017
24a,«*3
1**4
l,497,i39
4,888
35,023
1,389,015
149.116
218,190
Oreeun Improvem't Co.
9.277.186
!
40.741
44,27(1
18!>5
93,387
1,102.88)
81,944
s'ig'iVi
10 1,585
27,')0.-i
M
1,118,480
6.1,<M0
Northern Paclflc—
3 S 1,76.)
1,409,981
1,466,932
sa.sai.
7U.»»7
67.031
70,172
Mi.mii
77.127
05 824
1W5
92.695
2S6,619
45,931
223,301
40,(M.
lan.Tii
114.603
.V..rinern
'ii>',.37
827,i!7'i
|
CharlMton—
18S5
I8S4
196.951
155,446
ill.OHJ
1.077.4S7
1.117.318
I.Srt4
9,879.028
677,366
2,101.218
'
St
tl.l,.
bs.iw
260.585
243,938
Niirfolli
802,529
^Tl^sll\•il!e..!
& NiubTlll*—
!»«
2,21)4,390
'
CentnU—
I.Wtl^M
1885
1881
NhsIit. Chatt. Jc St. Louis—
1885
1SM4
K. r. Ukke Brie A West.'1815 ..
1881
.N.
4.493,872
2,747.449
1,224,813
l,724„53l
1,67J.237
'Man]. Uou;;hton A Out.!
Mo-xican CtMiirul.
MIlw. L.Sliore .fe Wesfn.
Milwaukee & Northern.
Mobile AUIiio
N. Y. Ontario & West'n.i
Norfolk A Western
l>«e.
10,2421
!!i!!i*"*
««e,4.
A
i88ir""::::. :;;::::::::;::
Mexican CcDtral}—
70»,1.').T
(li!. r>iv.)....i
Rlobmond A
130.159
Ul
S4.4M
A Oeorgla-
Vii.
!!!...'!
tUM
Memphis
12,47;(.O03
1.213.8 !0
|
(South, niv.),
Nortliem Paeillo
1,039
4'?fi,410
107
«7,7«4
.".
!*«
362,776
Ifl
IUt,4bH
Dodir*—
......
18S4
Lonlsvllle
1886
3,966,001
S 12,835
244,421
Ft.
fortWortU A Umver Olty-
123.310
189,619
53,933
IMI,I)'<4'
ai«i,22ni
1!.447/U»!
«
.Muliiet
tt,,
872
lOe.lMH
8.n4.SOl'
1885
IfHl
1,014,53.1
564,37.5
1,731, !i21
(fowa Div.)..j
IwliHua BUioiu. A Weat..{
•Kan. City Ft. S. ,t (Juif.s
•Kau. City 8p. A .Mem..!
Peoria
Um
4W.71
i«v,taB
4M.I«SA
SKlUri
llM.aOl*
* Qainoj—
Burl.
)(W8
IMU
injm
xia,aw
na.o.)2i
Ohio A Soathweat.—
Chlawu
Dtereiue.
l.Ul.'27l
1,794.229
Chio...
.t
I,,
*
INN3
1H84
1.05MS4
17,O19,S()0
4,1.^7.323
Akron & Col
Denver A KioOraniio...
" Denver it U\o Gr. West
Louisville
Chsii.
Kontucicy
Cleve.
LoUK
7
IWU
I*<4
47.441
145.673
8,792
iM
I
BJi'siiodV-
i Jsx'.'A
1MB6
1.952,4G:i
3,S5J.utiO
1«.H)3.327
...
. .
Do
Do
KllMb.
is>4.
6.373. fl6:i
l.ril,l.%3
Chlo.at.H.Miiin.&OmaUa
Clilcajto * Wnsl Mlcli.
ni. Central
1HH4
ims
$
Onm
armnts. ManiMM,
.
SS:
IJIS
l(t(6
30.
Increase.
p
,
CbanpMks'A'oiiio^
S.'i4.3t7
CaniKlhrn I'lu'ihu
Central Iowa
CIn. Iinl. St.
TO SBPTBMnER
1881.
Boston IIoosacT. & W..
Burl. (Juiiiir K»p. A No..
.fe
iwK.! ".'!!!!'!;"!i;ii!i;;;]
Cnniwllau I'MUflo—
1SM6
Eut Tenn.
Kame of
Chlcrtno
I
ii l ii
Ban. r«)sr. lUp.A.Nurth.-
Trunk, the
& San
Orvt
Wf
and so are
Shore k
Kran
Cisco, the Chicago & Alton, the Manitoba, and on the
Michigan roads. Below is the statement.
St.
Jan.1 toAuf, n.
i<««ltt(.
Kaum.
theless.
these,
411
l.970,600l
4.605.702, 1,730376
4,015,994, 1,060445
965.888
Including 68 per cent of earnings and entire working expenses of the New
Tork Pennsylvania k Ohio Uailroad.
-f Not including taxes and rentals.
« Gipensej Incl udo both in 1S81 and In 1835 one-twelfth of the year's tazei>
*
& Western
The following embraces
and the Norfolk
roads that will furnish exhibits for
I
Mexican currency
1 CoTerlng the 1,65» miles north of
publication.
Goshen now comprislns
tlie
Oant. Paoil<^
OBOSS XND NKT BABNINOS TO LATEST DATS^
A t^jixst.
Naui.
Jan.
Oro—
Iqperatlngl
tfu
Bamino*/.] Expengu.' Barningt.
Atj^^^Mka A
Baltimore
ISnS
18&i
A:
SsDta
Potomac
Fe—
*
i.aiu.iwa,
i.aai.iiio
ifa.xai
108.fll5l
(iO-1.32!!
82.810
6l.57i
1 tn .4ua. 31.
Oritsa
A'el
IStirniJVJi>.
tj'irnitntf.
*
THE DEBT STATEMENT FOR
The following
«
SK.cm
fl.ftW.«5ll
4.'.iH5..'.lin
eio.us?
tu..i;)».7i3i
i.iiSii.m.i
it
is
the
official
appears from the booka and Treasurer's returns at the close
of business on the last
40.041
S;9.«io
7«-l.rtll4l
/f.2.441
'
SEPT., 1885.
statement of the public debt aa
the
new form adopted
day of September,
April
1,
18S5.
IBS.},
according to
THE CHRONICLF.
412
Inter't
Unu.
P'y'bU
Amount
OtiUtanding.
Dm
Accrued
AUnpaid.
Interest.
Int.
Total.
Coupon.
lUgiitered.
t
tt
Option.' Q.-F-
19J.19O.B0O
Q.-M.
l»9.03fl.0:0
1891.
«)^
IW7. Q.-J.
4t
4a ref<U.oertl's.|
S0,943.950
ll03,613,<)50
194,190,500
2SO.OOO,000
7S7,7Se.45D
Q—J.
287 000
J.&J.
raolflo Rlla...l J.&J.
14.000,000
86,
pension
..
1,0J1.483,7IS 185.066.750 1,280,777,463
AKgrente..
Jan.
1,
•64.623,512
•«<.e23,51S
and it is clear that in spite of the
has been threatened
apparent calmness there is a good deal of agitation below the
surface which may yet result in an actual breaking of the
p-ace. In the present case, however, the questions at issue
are too momentous to be lishtly decided, and the Powers
most interested will, no doubt, let no opportunity slip to
prevent any aggravation of the present dangers.
But this incident distinctly proves how very uncertain is
20,268
esx.aes
870,953
900.142
5«.750
210,000
20,520
7,.377,365
937,500
2,270
105.000
9X9,353
1,852.340 10,362,440
1899.
DKBT ON WHICH IUTKBH3T HAS CBASBD SINCB MATURITY.
since maturity
ABgregate of debt on which Interest hiisoeaJOd
iDtaraK due and unpaid thereon, $221,332.
the political situation. It is felt that the surprise of the week
indeed be so at any
is capable of being repeated, and may
moment. Such an outlook is anything but conducive to that
re-establishment of confidence without which a trade revival
cannot attain permanent form. Optimist views as to the future
Is $3,871,386;
DKBT BBABING NO INTEREST.
Amount.
$57,870
Old demand notes
340,681,016
Legal -tender notes
Cerilflcatesof deposit
Less amount held la Treasurer's oaah
23,880.000
693,000-
Oold certlSoates
Less amount held in Treasurer's cash
BUver eertiacates
Less amount held In Treasurer's cash
pactional currency
Ijsra
amount estimated
.
23,185,000
140,387,080
22,249.210- 118,137,790
123,379,708
31,7a2,f90-
93,636,716
15.3'{7.0»7
6.961,163
8,373,931—
as lost or destroyed..
*3,S8,679,J53
Aggregate of debt bearing no Interest.
RECAPITULATION.
InUrest.
Principal.
debt—
Intereat-hearlof!
Refnndlnx
certificates, 43.
Navy Pension
fund, 3s.. ..
PaclOo Hit. bonils, 6 p. ct.
Debt on which int. has ceased
Debt bearing no Intt restLegal tender notes. &c
Certificates of deposit
Total.
*
*
250,000,000
737,738.450
194,190,500
2*7,000
14,000.000
61,623,512-1 ,280.777,462 12.214.789^ 1,272,092.251
221,332
4,092,717
3,871,385
4««
346,'738,886
i
23,185,000
118,137,790
Gold certificates
95,656,716
Stlrer certificates
Fractional currenoy.
5S8,6T9,555
5Sa.679.535
1,85:1.328^402
12,436,121 1,885,784,523
6,981,163-
Total debt
Less cash items ayitiiable for reduction of the debt.
Less reserve hold for redemption of U. S. notes
.
.
.$240,927,1175
100,000,000 -310,927,075
Total debt, less available cash Items
Net cash in the Treasury
1,524,837,448
Debt, less cash in the Treasury, Oct.
Debt, less cash in the Tre:«urj,S3pt.
|l,460,034,342
1,
1,
XLL
;
INTBRBSr-BBARlNa DEBT.
Okaraettruf
[Vol.
63,1>08,10B
1885
18S5
1,473.692.307
Decrease of debt during the month
I
12,757.H65
are not so clear now as a few days ago. There is rather an
inclination to proceed with more caution, and all speculative
symptoms will certainly be checked. Present troubles may
disappear with judicious treatment, but it is the uncertainty
as to their repetition that will be a stumbling block to an
extension of trade. The effect of the news on the Stock
Exchange was decided, and had speculative business been at
all brisk recently, something approaching to a panic might have
supervened. As it was, the depression in such securities as
Turkish, Russian, Hungarian and Egyptian was severe. Metals
In fact, business men seemed deteralso were weakened.
mined to await the development of events before committing
themselves further, and the commercial position has therefore
been reduced to a state of expectancy in which it will no
doubt remain until a settlement has been accomplished.
Money has rather had an easy tendency during the week.
Instead of an improvement we have had a show of weakness
and discount quotations have fractionally receded. Some
gold has been taken for Egypt— £500,000 having been shipped
—
during the week otherwise there is just now no foreign
inquiry. Such a demand ought soon to be felt, and coin will also
be required for Scotland; still the chances of dear money are
remote. In order to protect the stock of bullion, the Bank of
England may deem it advisable to make some change in the
rate, but it does not follow that the open market will speedily
There is just now a superabundance of idle
the supply will be increased by the distribution of
the dividends; consequently if the rate be advanced the open
market must remain weak, unless the commercial demand
follow suit.
money and
improve, or the Bank borrow on consols in order to
make
the
approximate more closely. At
the present moment, certainly, no signs of any approaching
activity in money can be discovered.
On the 1st prox. the Bank of England will receive tenders
open market and
official rates
for £1,195,000 treasury bills to replace a similar amount
maturing, and which were issued in July last at an average
RATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
MZOHASeE AT LONDON-Sept.
Onr-
25.|
3 mo«. 12 314 »12-3%
Amnt'irdam
l-2m» »l-2-2>s
Sight.
HambUfK-.
3 mus. •2054
®20-.i8
'•
20S4
»20r.8
'*
•M-f>\
m'm-hfi
Si-pt.
l2-77iflV/ili-&2>s Sept.
2.5-.'iO
giZh-ri^
Sept.
Berlin
Frankfort...
Vienna
Antwerp
.
.
.
Paris
Parla
Bt. Petersb'g
Sept 25
2i
"
25
u
25
Short. 2b-i2\-aiZb-iO
Si'pt. 2H
3 moH. •«-37'»a25-4j>« Sept. 25
"
«
Oenoa
Naples
"
Madrid
tt
Cadis
LIsUon
Alexandria
ConotBnt'ple
New
23
2!5-65
25-6.5
®2.5-70
-92570
4.^58345
«
4.'>\a>15'9
•*
611Si6«51%
••
York... nOdaya
Bombay
....
Calcutta
Honit Kong.
BbanKhal....
Dem'd
--.
-.-.
Time.
Sept. 2.'i Sliort.
Sept. 25
....
Sept. 25 Short.
Anioto.nlaiu.
-
Sept.
Sept.
Sept.
Sept.
Sept.
Sept.
Sept.
Sept.
Sept.
**
(1
Open nwrtet
2.'.
25--9»s
25-26
**
....
•'
Si-pt.
l8.638d.
Sept. 2 i
Sept. 25
Sept. 251
4mos.
4-83i«
Is. B-Hj.d.
la. 6i,d.
38. tirt.
4s. SHod.
uneasiness, not the less so perhups because
was altogether unexpected. A prospect of the reopening
of the complex difficulties of the Eastern question is certainly
not a happy one, and it is earnestly to be desired that the good
offices of the signatory Powers to the Berlin Treaty will
be
ucoessful in averting an actual collision between Turkey and
it
the revolted provinoe. This is the third occasion within
a
recent period that, a fear of war between European
Powers
Three
MonUu
Sept. 4
"
11
" 18'
" 26
2
2
2
2
239ia
*•
<i
25
25 3U103.
25
25 30 days
25 lei. I'rs
iR. e^ad.
Aug. 21 8
28 2
•*
24 3 miB.
25 Short.
"
25
25
20-38
20-38
20.1 ^
1-2-61
follows
:
Interest aUowtd
for deposits fey
rattt.
Trade BilU.
Bank BOU.
1
'•
per cent.
143. OJ^d.
money have been as
:5
1209
London, Saturday, September 26, 1885,
The week has been a rather anxious one. The sudden
appearance of the war cloud in Eastern Europe has been
much
rates for
BaU.
[From oar own oorreapondent.l
productive of
The
KXOHANeX ON LONDON.
Latett
Date.
BaU.
Tim*.
discount rate of
Six
At 7 to 14
Slock
Banks. Vail. Day.
- 1V<» - 2M« -tl«(419t'2 »2H "iWt^H
- 1M« - 2%-iL2^m<ia2 ,2Ha2^2t<.i3
Mis - i«a - 2«*29^1?^a2 \i%%2^i%i.SH
IH'» - 2 ® - i^a2H-i @ -2Mo2>i3 ®
it
l\i»
IVi®
i5^»-lj^i2
IWiSW W'si
Wtt
Disc't
Four
Sto
Three
Jfontfis Months Mrnitds Month' Months
Four
man m-i - S^iiH i«ja
2'<(a
H-
H
a X-M
it
MH-
H
a
H
a H-H
-2K'a3
a «-«
:2M®2«2«®3
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols,
the price of middling upland cotton and wheat, and the Bankers
Clearing House return, compared with the three previous
years
1834.
1885.
A
Olroalittlnn.exclnding
M
1882.
1883.
M
*
25 2R9.595
26,18^875
7rt»y & other bills.. 24,33 1.535
Pabliii deposits
4,8(»),44'1
Other deposits
2a,'.2.1,33 }
Oovernm'tsnourltles. 14.91<»,it<5
25.102,70f)
6.24,9,4 it
2 l,l-i!3..>-0
13.725.516
i5,'i53,M0
13.693 B3 I
23>n5,9l5
22.<U5.2s»2
2'i.>IT6. >08
21.1 i7.6iS
21, >41.150
R)s'veofn(>t«8 AoolD 13,7a6,751
12.3el8,76l)
14,U:!2,'.43
11,513,900.
22,i93,158
21,355,909
21,98 2,775
""ther securities
Join
tiiith
and huUion In
dHpartmmits
22,380,28
. .
tJ
6.l03.ft26
5,
1
00,799
11,682.205
t^»port'n of rt^serve
41-70
llahllltles
til
p. 0.
p. 0.
44 7g
p. 0.
4anK rat«
2
(>>TmolB.
93% 1.
2 i«. 0.
lois,,
lot.
33s. lOl.
ii:uK.
vfld.
•in.
wheat, av. price
apliind entton..
30.<.
40 mnle twist
8%
The Bank
rate of discount
have been as follows:
p. c.
3 11. 0.
lOl'ie
4U 9 1.
ftm.
91a
I.
Olearlaic-Hniisuret'n. 82,111,000
chief Continental cities
5»..<d.
53. el.
47%
89,926,000
and open markic
now and
I.
85,t33.i>i>0 129,
rates at xne
for the previoas three
wejks
OcroBBR
THE GBBONICLE.
10. 188n.]
a$pi, IT.
Sipt. 94.
htUrutt
SrmJi
Halt.
Optn
BniUi
Ol>«n
Marku
RaU.
Morl«
Fmnkfnrt
llarobiini
4
Aninlerditm
an
Br»»HU
s
Madrid
TienuH
4
4
4
«
3!4
4
«
«
St.
Petorwhuni.
m
4
aw
«
s
8U
Pixley
Gcirt— 1 b< re
)»
111
&
'Jpm
HarlM
4
»H
HH
8
4
4
4
»H
4
«M
a
an
a
4
8>4
«
4
4
4
8M
6
4
a
8
4
4
«
6
8W
SW
8H
Pluanolal narK*i»— r^r Oakl*.
The daUy
Bank
8
4
Copenhmfen.
Meeari).
S
413
BuKlUli
stpi. a.
m
>
4
SM
4
4
ia
Bon*
BaU. Marktl
»
I
4
4
P»rii
Berlin..
«rpr.
oloaing qaotatiotu for aeountlea, Ao., nt Londoi
•re reportMl br oablo aa followH for the week ending (Jet. 8:
a
London,
Bat.
perot
d
lonaots for money. - ....
4T«„
lion.
Tua.
47»a
*T*
0:i'h
loni,.
1001,,
,
Wtd.
Ttiuri,
814
84
8M
ttlrer,
M\
»»'«
Vmaola for aoconnt
80 30
^r'oh renti'B(ln Purls) fr
J. 8.
7. 8.
4>«Mof 1S91
ll.^%
4b of 1907
12 ^Tg
anadlun PanlHo
•hlo. Mil. .VHI. Paul....
Crle, ooiiiiuon alook....
8W
Abell write as follows:
bnr giild for Qprinaiiy. And a«
46!<«
4ei<s
78
80
UladelphlaA Readlni
tli«
bii*
liuvtiiir
arrlviils Ituvr lu'en I ul miihII. n'ooiirse bus ln^ttii lini li» tlin Bmk.
ruly to M Miiitt* tl cxtt-iit hi prt'HOitt, lliHwiriidrnwatii fif the wn- k
hef>n ^Sri.O'H' f. r tho <'(nitiiit'ni. H'lVHrfltfiin. iti Mia vnl'ia of i^ HHt,0'*0
hiivc III en taken out fur Ijiyi't on iliii oilinr liiind. *'-'l' "OOfioni B'n/.ll
liave bei n (w lit In. \Vi' liavo reri-lvpd bIikw ibn 17tb £22.>iO ; trmii IU«
W<«t Iiidli'i.; Mf<!i,"iO trmn Klver Piiit<>; £ 0.(WO fioiii tbo C'b|>--.
gHver
I hr diMiiand hna liicte>*wi'd finoii our limt
itiid prlri's liuprovcd
((radiiiilly to J'ljd. per or,, whioh was loiubRd .voatiinlay on tlm
aniiciiDi iMDt-ni ibiit ibt^ Cniiiicll DraftHbad bi^uii takiMi ut hi^fiu^r ralivs.
Tb« ina' Uvx In l)Hr«< of aiippliea, and tbe arriv iIh of tbo Wfok b»v« hr»n
nearly nit a-'Iil liefore tboy oaiiiB to bandhave riM^elvod i!:il,iOii
^frrin Ni w vork nnd iHH.OOO from tbo River Plate.
The P. <& O. attram
l^r» biivi- taki u £4(),0(
to Inula.
H5'«
7y.\
18
47
NV>4
18>;
Hi
I3H
MH
631,
53 ii"
9^
9SI
I'll
10j^«
102',
104»»
t»
102'9
lOi
46^
4<<lt
79>4
1711
i:45\
136
58
A3
9<«
'«w York Central
•».
125>
40H
I8n\
13AI«
82'g
Oentral
'ennsTlvanla
47I4
47«4
luo'is 1001 IS lOtii,.
H'O ,,
1001,4
80 I2i»
70 ^a«9
u^%» llAi« llAlfl
1?^T«
l«.^•',
175'a
811-22 >« 80 4^
llftli
1159^
17\
lllnols
w » di iiiaml for
99'«
'>.
1103
1
^omiuevctaX ancX ^tscellaiieaus Wl^tvas
;
—
Wo
,
\Mexiuan l>oll,ir.4 aru quite noiuloal, wltb few. It any, on tbo market.
Vie quotations for bullion are reported as follown:
^pi.u.
Londoit
.s'Kinilard.
Sent.H.
.
Bar ffotd. fln*
Bar gold, com
Mdwta.
,
77
d.
e
77 lOH
sliTi
Srpt.l1.
SII.VBK.
London Statidanl.
9
77
lOM
Span, doubtoona
iiold..oi.
Cake
allvar
oiM*»irlr»n ilnl«...oi.
8.Ain.l1nnhlonn«.i
Stpl. 17.
d.
BarflllTer
oi.'
Bar sllTer.oontaln-
InKSgrs.
week and |6,719.3iUwo week.< previous. The
following are the imports at New York for the week ending
(for dry goods) Oot. 1 and for the week ending (for general
merchandise) Oct. 2 also totals since the beginning of tbe
15,610,253 last
;
Sept. 84
d.
t.
77
iMPOKrs A.VD ExpoKTs BDu TUK VVbek.— The imp<jrt8 of last
week, compared with those of the preceding week, show an
increase in dry goods and a decrease in general merchandiae.
The total imiwrts were *(i,3)0,990, against |0,fWl,73 J the preceding week and |((,S'39,3^6 two weeks previou-i. The export*
for the week ended Oct. 6 amounted to $6,005,891, again-<t
SiBt
week
FORBIOW IMPORTH 4T
d.
47«
47H
47«
SIK
*1H
For Week.
BO 15-16
slightly iTmer tone has
characterized the grain
trade, due to the political complications, but no activity has
resulted,
business has been very quiet with, however, a
gradual hardening of values. Wheat, although purchased very
slowly, has been
well held, and the market is quietly
becoming more favorable to the holder. Force i realizritions
are much less common than they were. Dealings are now of
a more bona fide character. Farmers have somewhat increased thfir deliveries, but they still fall short of last year,
and in the fiLst three weehs of the season there has been a
deficiency in the sales of about 55,000 cjuarters. The imports
of wheat and flour also have been below the average, and
since the commencement of thu season hive fallen short of
last year's total by about 567,000 cwts.
From this it must be
inferred that stocks have been drawn upon somewhat, and
that consequently the prospect of an improvemf nt in price is
to that extent better. But so long as trade retains its present
(]uiet aspect, any special variation is improbable.
The weekly
imperial average price of wheat is still receding 303. lOJ. per
qiiarter.
The quotation for the week ended Sept. 19 certainly
cannot be regarded as encouraging, and there is still a difference of 2s. 7d. per quarter against the new season when
1883.
1884.
$2,222,101
5,9J9,639
81,947,678
6,726,202
$2.324.'32
5.903,9 30
4.664.086
18,181,793
$3,673,880
$3,233,312
$6,356,900
Dry Gooits
$107,410,535
Geu'l mer'dlse.. 283,509,065
$99,655,116
235,413,696
$94,683,791
$79,372,673
214.400.203
Geu*lmer'diBe.
Total
Since Jan,
Kingdom during
proituce into the United
three weeks of the season:
Oats
Peaa
Beana
The following is a statement of the exports (exclusive of
from the port of New York to foreign ports for the
week ending Oct. 6, 1885, and from January 1 to date:
SXPOBTS rBOM Haw TOBK roS THV WHBK
1882.
For tbe week..
,
Prey, reported.
September
Week.
Gtorinany
West Indies
7S5,>4H4
.r^6.V82
7H.019
204,601
5<,900
25 -,136
Tatal 1885.
Total 1884.
Total 1883.
3, 120,081
I,5ri7,.i02
2,0it7.0'W
3,195.15)6
2.«32,650
1882.
Silver.
olreat Britain
Glerman.
Vest Indies
81l.33i
2.081.^00
9.127,033
7,531,241
8,943,752
8,127,067
of the sales of home-grown wheat, barley and
oats in the leading markets of England and Wales during
the first three weeks of the season, together with the average
rices rejilized, compared with the previous season, are shown
toiitb America
411 other ooon tries. .
Total 1885
Total 1884
Total I8S3
Total
1
1885.
Wheat, qrs.
Barley
Oata
1883.
1884.
Ar'ge
Price
I.
a.
167.340 31
36,007 31
_i3,(J0- 19
S
*^"-
^
«.
Salet.
Av'fft
Prirt
157 810 42
2
222,759 34
77.396 32
4
1
1.325. V2
I
.S
29,i»12 19
9
21.280 21
3
1885.
2
236.312
283.397
6,393
$14,240
f6,423.s80
$311,223
."•.OOO
37,918.4,44
180.1 17
12,0lKi
427,1)6-!
344,373
-20,237
60
88.5^1.372
11,190,904
8,58J,735
$27,829
19,569
610
684,279
60
448,504
327.165
681,096
7,503
$335,006 12.868.523
281.210 10,788.826
$25,897
55.586
161.032
$1,511,671
2.922,366
4,311.447
1,496
327.9110
20.068
4.569
1-2,33
11.677,31
Of the above imports for the week in 1885, $17,519 wer«
American gold and |1,381 American silver coin. Of the exports
during the same time, $13,840 were American gold coin.
Parties wishing to buy or sell Georgia State or city bonds or
Southern State.
United States Snb-Treasary.—The following table shows
the re<'.eipts find p:iyments at the Sub-Treasury in this city, as
well as the balances in the same, for each dav of the past week:
Balaneet,
1884.
3,19>,I93
Date.
18«3.
2,936,100
Un^^lCingdom
are as follows;
At present,
Liut week.
Wheat
qrK. l,2i7.<XK)
l,M7i.0O0
FIoiir,eqaaltaqni
Vi.ooO
142.000
Malie
.qra.
301,000
225,000
the securities of the Central Railroad of (idori?ia, shoul 1 notice
in to-day's C^uronicle the card of Mr. A. Dutenhofer. This
gentleman has been an old resident of Gdorgii and is presumably well informed as to all the particulars regarding
totals for the
Wheat..
owt. 2.41)0,277
T|^^nantities of wheat, flour and maize on passage to the
1
400
12,340
1,500
S425.868
1,811.150
4.4.5.068
1,167,693
31,463
620,603
69,517
securities in that enterprising;
d
Converting quarters of wheat into cwts., the
whole kingdom are estimated as follows:
^^^
187.213
—
the following statement:
Salt*.
$97,330
Mexico
6,-'3i,S»03
The extent
S
$298,260
$316,800 $11,258,105
64<i,.S35
15,960
750
138,9:8
234,403
Prance
aineeJan.X.
Week,
10,591
64,461
5,530,859
..
361.983
1883.
Import*.
SiTuxJan.l,
areat Britain
Prance
9 20,7 9 2
8 '53,236
4,713,.560
7HR."iS7
TOBK.
Bold.
1S82
1884.
4,836,852
911. TOl
W8W
Export*.
6,233,903
38>.067
8 19,649
6 4.71*3
78.799
1,171,004
188.5.
$6,605,891
246.424,870
240,777,780
BXPOBTS AKD IMPORTS OP SPBOIB AT
1883.
1):
1885.
«7, 110.556
The following table shows the exports and imports of specie
at the port of New York for the week ending Oot. 3, and
jince January 1, 1885, and for the corresponding periods in
1884 and 1883:
Mexico
911,704
788,057
8ll,.S35
5»8,2B7
Supplias available for consumption (exclusive of stocks on
1884.
$6,599,430
266,522,701
Total 40 weeks. $262.152.342 $275.122,131 $247,883,336 $253,030,761
4,71.'*,^60
Importaof wheat. owt. 4,582,697
Imports of Hour
.'>9S,267
Bales of bomu-grown.. 2.400,277
1883.
$6,592,524
255.559.818
1884.
7S4.388
107.024
23J,93.!,54o
specie)
4,83'!,8.52
S39,0.i7
Indian oom.
Flour
first
I.
Sonth Anaerioa
\11 other countries.
1985.
4,582.697
Wlieat
Barley
the
1885.
$I.«^9 2.904
Total 40 weeks. *S9rVHT^0f»'«3'^5.068.8I 2 $3M,fil'1..13I !»2'»3.772,880
—
compared with last.
The following return shows the extent of the imports of
KBW TOM.
1882.
Dry Goods
A
cereal
in January:
Latt year.
1.470.000
1883.
1,702.000
1711.000
175,ftOO
161. 'K)0
3U9,Oi>0
Receipt*.
$
7.
8.
0.
1,121,239 87
I,l99.8i>8 71
1,62
07 34
8-.'2,il25 87
1,272,358 72
1.206,153 97
Total...
7,246.198 98
Oct.
"
3.
5.
"
"
n
•'
"
M
Paifm«nt*.
Ourreneif.
Coin.
$
«
21.996.332 17
21,985.224 .53
21.477,S13 18
1,839,473 01 153.090.4(15 45
)'3 152,9M>,l-i9 88
78 153,2-'6.1-3 78
26 161.331.443 ('4
61 153,7 <9.742 58
15 154,116,876 15
1.:<5;.1»1
1.7st6.4Hl
3.025,1142
Kfi6,2il
l,09?,-il2
10.020.605 80'
19.2'i6..^37
19.1'!7,874
03
57
18.963.637 83
1
THE CHRONICLE!
414
The
rates of leading
ghje ^KUhtvs' aiaxjette.
DITIDBNDS.
m«
Railroads.
& Sauiu Fe
4 86
82U'4
Sl^ai
821a
82
lumnrance.
North Rv.-r.....
i»II»ecllaneou».
Trust Co. (i|"Hr)
3 91
Five francs
4 78
Mexican
Do
4 00
al5 70
«15 65
par»i4prem
Fine jrold bars
Fine sliver bars . 1 02^ a 1 03%
Dimes A i« dimes. — 9»ia® par
1S83-5 P
">
an
20
404 940
lO'ioalOie
1
16
9S-i8 39oifl
The following are quotations in gold for various coins
Silver 148 and ^a. — 99%S par
$4 83 a$4 87
Napoleons
3 8(i
X X Relclimarks. 4 73
XOulUlers
3 96
Hpan'ii Doubloons. 15 .lo
Met. Doubloons. .15 55
I/onK Islanil (guar.)
9,
4
94i3i„-;>91i5i„|
Coins.-
OCT.
4
-
5 221235 21'8
8overel(fn8
NEW YORK, FRIDAY,
Demand.
1 84
A.m8terdam (Kullders)
Frankfort or Bremen (relohmarks*
Concord
Union
Sixty Days.
on London.
Parla (francs)
(.luar.)
Tuj..
bills
Prime commercial
Dooiunentary oommerclal
Kame of Company.
Atchison
bankers are as follows
October 9.
Prlmebankers'sterllng
annonnoed
foUowtag aiviaends have reoentlr heen
XU.
Vol.
.
dollars..
unooramero'l.
— 93 a — 95
— 32%.? — 83i£
— «(' ®—
— 73%a — 7i^
Peruvlansoles
4 78 a 4 84
English silver
S3133—
U. S.trade doUara
—
99%® par.
sUverdollars
U. 8.
The princiCnlted states Bonds.— The Government bond market has
T»e Money Market and Financial Situation—
been only moderately active and prices remain firm.
activity at the
decided
the
been
has
week
pal event of the
The closing prices at the N. Y. Board have been as follows:
two important stock
Stock Exchange. The suspension of the
Oct.
Oct.
Oct.
Oct.
Interest
Oct.
Oct.
give a new impetus to
houses mentioned last week seemed to
frightened many
the bull movement, and at the same time
future of the
the
that
belief
the
shorts into covering, under
looked very unpromising for any one to remain longer
market
on the bear
side.
also
In addition to the above speculative influences, there has
been a good deal of buying by investors and by moderate
activity
speculators, whose operations have given strength and
bonds
always indicates a demand coming from other parties than the
to
the
A
bond market.
well-distributed business in
ordinary stock operators.
"While the market has been thus
active
and buoyant, the
real
conSdence is found in the trunk line
situation. The progress made towards the establishment of the
freight and passenger pools has been satisfactory, and the
public is convinced that with all the leading trunk lines in
basis for the accession of
harmony they can do a paying business.
The trade situation has not materially changed, and the iron
furnaces out of blast have not yet
up again; but the tone
is
much inducement
improving, and for steel
to start
rails
$31
is
BOW
asked by the mills in Pennsylvania.
Rates for call loans during the week on stock and bond collaterals have ranged at 1@3 per cent and to-day at 1@3 per
Prime commercial paper is quoted at 3@4^ per cent.
of England weekly statement on Thursday showed
a loss in specie of £443,525. and the percentage of reserve to
liabilities was 33, against 36| last week; the discount rate
remains at 2 per cent. The Bank of France lost 11,253,000
francs in gold and 2,357,000 francs in silver.
The New York Clearing House banks, in their statement of
Oct. 3, showed a decrease in surplus reserve of |3,432,700,
cent.
The Bank
tite total
surplus being |41, 499,200, against 144,931,900
the
previous week.
The following table shows the changes from the previous
week and a comparison with the two preceding years in the
averages of the New York Clearing House banks.
1885.
Oct.
3.
THtfer'ncetfr'n
Previout Week.
1884.
Oct.
107,091.300 Dec. 2,163,100
9.HO^,=iOO fno.
94,400
3?ft,3(i0.000 Dec.
617.200
76,-i07.000
56,602,91 >0
Beserve held.
*9fi,340,000 Dee. «154,300
137,839.200 Due. 3,5s7,C0u
13.632.500
15,082,80
308,3»8.900 312,090,2011
30,767,900
23,508,800
877,077,225 $78,022,.t50
106,974,900
80,111,700
B«fpln«..
»11,49R.200 Dec.«3.432.700
J29,897.675
Legal tenders.
Legal reserve
30,747,900 Dee. 1,423,900
6
3.
7.
8
9.
112ism2i3
1121s •1121s
ir2ia:'112i« •112i« ll2ifl
4i<i!,1891
reg.Q.-Jan. 122% 122% 152%,*122''e 1223s 122!«
48,1907
'
'
I2i\ 122% '12268
coap. Q.-Jan. *12-1^ 122% 122%
48,1907
3s, option U. 8. ...reg.jCi.-Feb. 1*10338 •I033t IO3I2 loss's 10312*10312
128l« 128i«:'12Sie
•12
•i2si«;''
'128
rei|;1^ is. J
69,ottr'oy, '95
*130is
& J. 130 130l8*130l« 13018 13018 |'132i4
6>,oar'oy, '96
res132le*132l8
13218 13-.',
* J. 132
reg.
6p,oar'oy, '97
& J '134 •13416 13418 'ism 134 *134^
6a,onr'oy, '98
rep.
* .T. >138
13616 l3Gisl»13Hi8 136 hl36i4
eB.oa^'CP, '99.. .rec.
This Is the price bid at the mormng board no tale was made.
State and Railroad Bonds. The large dealings in State
bonds continue to be a feature of the market, and transactions
the past week were very large, as follows: $730,000 Louisiana
•
:
—
stamped 4s
at
68i— 70f
;
$377,000 Virginia 6s deferred at 12^
—
—llj; 1242,000 North Carolina
special tax bonds at 5^
64;
$10,000 do, 6s, 1919, at 114J: $1,000 do. consol. 49 at 89J;
$18,000 do. Os, Chatham KR. issue, at 5; $38,000 South Carolina 6s, non-fundable, at 4f
5J; $4,000 do. 6s Brown consols
at 109; $11,000 Arkansas 6s funded at 9i—9J; $10,000 do. 7s,
L. R. & P. S. issue, at 20—21; $9,000 Missouri Gs, 1886, at
103; 15,000 Tennessee 6s, old, at 50^—52^; $2,000 do. 6.s, new,
at 50J; $47,000 do. compromise bonds at 58i— 60f.
Railroad bonds have had a very active and buoyant market,
manv classes advancing (juite materially, while a few have
declined.
Erie 2ds have been most conspicuous for activity,
and have had a further advance, closing to-day at 72f, against
705 last Friday. New York Chicago & St. Louis Ists close at
Oregon & Trans-Continental Ists
80^, against 7SJ last week
at 83f, against 79J
Oregon Short Line 6s at 91J, against
90}; Fort "Worth & Denver Ists at 81}, ag.ainst 79^; Metropolitan Elevated Ists at 115}, against 114}; do. 2ds .at 108},
against 100|; West Shore receipts at 4o|, against 44f Indiana
Bloomingtou & Western incomes at 23|, against 19; Texas
—
;
;
;
&
Pacific Rios,
coupon
off,
B, coupon
bonds at 23, against 25J.
Ohio,
series
&
at 62f, against 63i; Chesapeake
at 65, against 68; do. currency
off,
—
Railroad and Miscellaneons Stocks. The past weekhas
witnessed an exceedingly active and buoyant stock market, and
prices have been steadily and persistently advanced by the
bulls, causing active trading and at times large fluctuations in
This has been accomplished mainly by the 0])erations
values.
of different bull cliques in m.arking up their special .stocks,
through the assistance of the heavy buying to cover short sales,
and since the two heavy
4.
Loans and dls. ?330.T59,30C tnc .$1,670,200 $290,505,200 $326,059.90'^
Bpeclc
C^culHtion...
Ketdipiwlts..
reriods.
reg. q.-Mar. •11238 '1123f
oottp.!Q.-Mar. H2iu; 'll23f
41*8,1891
«2.089.150
failures of last week on the short side
there has been a semi-p;inic among the bears and some very
sharp running to cover.
There has been no real change in
general financial affairs of sufficient importance to account for
the important rise which has taken place this week, and the
chief influence talked of was the trunk line pool, which is certainly making progress towards what promises to be a stronger
combination than has existed before.
The leading stock in point of activity and buoyancy has been
Lackawanna, which has had a very important lise, touching
1U| on Thursdayand closing to-day"at 111|, against 103 at the
close last Friday. The rise in this stock is due to mnnipulatioh
mercial bills, incidental to the enlarged shipments of
cotton. by the old bull pool, and it is rumored that many piorainent
Claused a reduction in posted rates of
i cent on Tuesday, those bears have been severely pinched. Reports have been current
rates being now quoted at 4 84 and 4 86.
of an improvement in coal busines?; and other coal stocks,
To-day the rates on actual business were as follows, viz: especially Delaware & Hudson, which has also had an important
advance, have sympathized with Lackawanna.
Bankers' 60 days' sterling, 4 83}@4 83i; demand, 4
85t@4 85}."
Each class of stocks has had its special advance, and the past
Cables, 4 85i@4 85}. Commercial bills were 4
81i@4 82. Con- two days the Southwestern Could stocks have come forward as
tinental bills were: Francs, 5
22i@5 23^ and r, 20; reioh- leaders in the upward movement. In regard to the rise in the
marks, 94J@95 and 95i; guilders,
Oregons and Northern Pacifies, it was rejiorted that mrange40@40i and 40J(a404.
The following were the rates of domestic exchange on New raents had been made whereby Union and Northern Pacific
York at the under-mentioned cities to-day: Savannah, buying would, in.stead of leasing Oregon Navigation, make a contract
with that company and guarantee G per cent on its^pck,
J discount, selling i discount; Charleston, buying 3-16@i"dis- on account of the increased earnings lately reportcd^^the
count, selling i premium; Boston, par®
^^m
5 discoimt; New Oregon Railway & Navigation.
To-day (Friday) the market was fully up to tin- best pmit in
Orleans, commercial, 225@250 discount;
bank, par; St. Louis,
buoyancy, and stocks generally closcl near the highest figures
SO discount; Chicago, GO discount.
of the day and week.
Ifcichange.— The demand for sterling exchange has been
light and unimportant, and an increase in the supply
of com-
October
THE CHRONICLE.
10, 1885.]
4:15
NEW YORK STOCK EXCHANGE PRICES FOR WEEK ENDING OCTOBER
AND SINCE
9,
HIOHKST AND LOWEST PRICKS.
STOCKS.
Saturday,
Oct.
Monilar.
a.
(Una* aioM Jan.
Tuesday, {Wednesday, Tborsday,
(Jet.
0.
Oct.
9S
4S
06
45
MH
06
4S
38
41^
37^
40>a 42V|
37 >a Sl\
Out.
If.
Oct.
7.
JAN.
1.
ISSt.
1,
ruU
For
lau.
YeM'li04.
TrIiUy.
Oct,
H.
LOWMt,
0.
HIChMb
Low. Hick
M»AHt*.
All.
^'tuuina
'
Line, pre*.
11
4fi>s
C'o.l.ii
uuoHuta...
Ceil
orituy ......
11
37'4
«13
80>4
7h
IH
Intpref
I»o
'2d
pref..
17
4l<4
7'a
13
faul
Northweetem
75»4
108
><
77»8!
ll)S>4
>»'
pref.
l27S)V.'->i.j
CliIcitKo Kook iHlanA .ft Pacitio
Cliu:if,iist. LoillnJi PltUibnrK.
11!", 120
12>4 1'2<«
prof.
|i..
Paul Mlun.
Do
A
Oni.
pref.
Imtlautip.
CleveliuHl Col.CMn.
Clevoliuiit it i'ittjiburi;. Kiiar
A
Delikwat'u l.ivokawiiiiiui
A Weal.
as
27
33
94
St>(
94
47Ht 48'ti
103
HUnoUCentral
X>o
leatietl
line 4 p.
Indiana BIooinln>rt'n
Lake Krie it
lAkeSUuro
Look litlaitil
A
VVeiiieru.
LoulHviiU' .New .vibauy A Ohio.
Mautiatriui i'llevated, uuQuol.
Manli.itt.u: lieiichOo
Memplils ,t (.niarleston
Sletroiiolitan Klovated
MlotllKaii I'entral
Wesfrn,
1.. .sii.iro it
(Ci]iBeaiiuii8i&
pref..
Do
pref..
H\
6',
0',
8
67
Do
NewYorkife
New Y'orU New Haven it Hart.
New York Ontario i& Western
NewY'ork rjusq. A Western ..
Do
pref.
Norfolk A Western
Do
pref
Ohio Central
Ohio Jb -Mlfltlsslppl
Do
1334
14
10=9
lO-i,
73 >a 713^
7434
1334
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"UK
"UK
*3ii.j
14
74
4514
•31
14
11
14
76 1»
74 ij
1034
QSia
•33
3SI4
1034
.t rraiM.Contlnental.
Peoria Deeatnr it Kvausville..
. _
Heading
Wayne A Chlo
Philadelirliiait
,
esia
ISSi
3Si4
2134
193
13
6
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213,
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a
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17 Is 1734
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6
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«&
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35
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pret.. ..
let pref.
Do
21'b
4818
1'..
A .Manitoba.
fiontli ('arolina
Texas it I'acillo
i'.ieiiio
1
Louis
A Paollic...
lo
pref.
rt'
1
"iial
A
Iron
C'oniiiMitiH.il IjanCo
P'
Uiiilsuii
i'.
dace Car Co
Mining Co
Do
pref.
_
WMtern Union Telegraph..
RXl'KEti^.
.. it
6'a
9^
10i«
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lO'i
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10 19
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33
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le-is
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4
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136 Hi 136 Hi 136Hll3UHi
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1838
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35
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75
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4,973
67;932
147.608
2.130
3,165
400
130
113 •140 145
1441a 1441.J 113
99 Hi 99 Hi
09 4 99 Hi
981a 901-i
56
65
55
65
57 4 57 4
llSialloia 114 116 •114 116
1
...
1.271
6.630
60
11541154
17
30
79
18
Ang.l5
84
Oct.
8
21
Feb. 23i
4 May
A |>r.
May
30
3934 Jan.
12
87
July 31
774
Feb. 7
7934 Jan. 2
7 Jnuel6
94 Apr.
41
2
64 May
10
61
8
Mar. 21
Apr. 30
7
Mar. 2^
4 Jan.
1
Si
10
2SI4 Aug.22i
87
Aug.ll
96
70
114 38
24 4
70
15
66
60
86 Hi
3334
80
764 89
11
124.Scpt23)
9
21 Oct. 9,
64 22%
843,
534 July 18 28
18 P4
04 Ang.141 4
1084 Aug.
1
17i4Aug.l7|
30
8
33
Sept 30
813,
Jan. 2
664 Oct.
13734
June20
4 Jan. 8
I
8 Jan. 3 183, Sept 15
174
80 Mar. 21 90 4 May 28
67 114
66 4 Jan. 2-.' 0534 Oct. 7
36 135 Apr. 30 1.30 Oct. 7 1224 170
1.800 21 Jan. 3 31 Feb. 20
8H, 654
12,450 5934 Jan. 29 86»4 Oct. 8
603, 113
52,400 4613 Sept Is 623, Mur.
31
S7>s
2,106 107 4 Jan. 'J 130 4 Oct. M 90
117
33,
1.400
34 July 11 8i4 0ct. 2
esi
«4
1.900 224aoptl9 80 Jan. 80 80
784
183,659 634 Jan. 2 723, Oct. 8 49
1,021
3.673
2.578
13.439
10 180 Jan.
256 87 4 Jan.
240 48 Jan.
135 104 4 Jan.
2 145
3 903,
2 57 4
2 118
»ept
3I
Oct.
Oct.
9:
81
185
87
46
__
Aag.26ll 98
187
lOS
el's
US
aoKi
78 Jan. 8 68
80
Beb. 4 70 Ang.l6| SO
16
Feb. 18 134 Mar. 121 11
163
Jan. 29 152 Mar. 10 143
May l.-> .10 Oct 1> 234 84 >•
68iVJnlT22
60
60
6a
65
•20
81
21
21
11
UigSandy.
11
43
19
18
18
384 30
"12" "is"
181^
..al
iigCo
8>a
B>a
94
04
8',
8'i
'ilag..
230
Tliesc are the prices bid
.
K
83
87
82 Hi
1033b 1021a 103 Vi 102141034
VirginaBliilliiiMl
1!
7,
Aiig.13i
I
41%
2334
24
25^ 28 4 27
27
81 '4 81',
81 14 811a
81
81
86 >4 8634
86 4 86
51 'a 63
5lia 52»8
52
S2ia
32
51 Hi 52»8
521a
120 la 130
129', I3OI4 130 1303, 130H13OHi 129 4130
6I4
•6I4
034
8
8
034
71,
74 71a
7
29 14 2934
29 14 29 "a 29 Hi 29 Hi 39
29
29 "^ 29
71',
70
70', 72',
71 Hi 73Hi
72
72',
72^
711a
Harlem
New York Klevated
'"li'M^Pli.
Oct?
I
385
806
64 Hi 64 'a
l.iO
I
Homfrtlfi'
16
92
403aAuK.28
2,099 11934 Jan. 2'I3!)'. All
1114
4,463 105 Jan.
'«34
2,875
6 Hi Mar
134
3.625
.!5
14 July
28,025 IQiQApr.'iii .'-^ , .\ Ilk'..; 1
-. > :)8i,
3,267
66 June hi 96I4 oii. 7, »0>4,100
2,400 23 Apr. 3oi 4;)HiOct. 1! 28
694
10 134 Jan. 31 141 May 5 125 4 141
14 4 Jan. 9 41
33
Aug.lg 33
378,888 823, Jan. 22 HI 'a O.I. 8, 8634 1331a
11,143
4i^Jnne25 14*4 Out. 61
6> 26 >d
65 Jan. 6 67 Aug. 11 68
83
4.070
234 Jan. 13
634 Aug.17,
4,100
4 4 Jiinell 104 Sept 51
4^ 14 4
30^
1,070 374Jan. 10 67
61
.Scirt 281
1,301
14 July 28 23 AUK.I1I
700
3 Jan. 6
6>4AilK. 41
34 84
600 14 Mar.2<l
20
51
2,305 1194 Jan.
10
-6
84 Jan.
0.534
7 4 June ..
<
2,045
li^sJuly
17
l-i-h.-Jl
209,790 6O34 Jlay 12) 77l4 0,:t. 8 .li,
I'i'l 1,670
62 Jan. 2 773, .May 20
36,3.',0
22 Jan. 10 4914 A UK. I 7
2ii'a, 51^
200 11 4 Jan.
33 Sept
10
as
8,798 65 Jan. 15 1063, o.t.
61 41 78
460 1014 Sept 3 184 May 19 10
400 27 4 J an. 13 44 Mar. 7 23
40
90 Jan. 2 125 4 Juno 2 85 lOS
5,305 464 May 7 68 'a Oct. 8' 513, MHi
500 29 June 1 41 Oct. 7 31
4434
11,490
10 4 Jan. 26 21 Oct. 8
74 184
8,778 24 4 May 29 414 Oct. 8
3638
17
78,700 14 4 Jan. 22 20 4 Oct. 8
94 33
27,980 89 4.>tar.21 10014 Oct.
63 4 100 >i
6I41 13
236
June 5 l:(4Soptl9.
6
553 11434 Jan. 2 1284 Oct. S 115 1271a
2,8(K)
58
33 Jan. 7 4734 Aug.15
30
07.236 8I34 Juuo 1 10l'8Allg.l7 834 122>4
1,083
14 May 5 7i4Antf.l8i 4
104
1,130
4 Mar. 23 12'8Sept22
74 80
142 84 4 Jan. 2 91 Aug.ls
94
83
74,415
9i4M.ay 29 184 Oct. 9 114 284
700 18 Jnne29 39 Aug.171 80
714
1,670 12 Jan. 17 2.'>4 AuK.20i
17 1«
8
67 175 Jan. 2 193 Scpl 4; 176
184
3,251
1634
634 Apr. 14 17
7
Aug.20i
5,665
134 June 2
13,.
6
6HlSept2l
8,110
4', Jan. 27 16H, Oct. 9
44
8I4 Kept 19' 10
8 Bout 3
12Hi
3,295
43
14 July 3 2334 Feb. 26 17
11.580 15 Jan. 17 24 3, Aug.171 14
87
55,401
36 4 Jan. 211 Si's Aug.17 374 67 »8
0,235
laJnne 3
_*«
I's Aug. 14
36 'a
6,330
10 1« May 4 233, Aug.20
90
71 July 9 78 Oct. i
5,503
1134
74 June21 16 Oct. e
6
100 ll'a Mar. 21 21 Apr. 271
834 24
144,840 1034 Apr. 8 243, Oct. 9:
343^
?*
12,070 734 June 9 17 Oct. 81
17»4
22,653
13
May 29 214 Aug.l7 16'a 601^
111 1194 Feb. 17 110 Sept 16 1194 135
270 1364 Jan. 29 14334 May 211 138 1464
300
1
May 22 44 Ailg.18
24 6
l.ilO 44'8Jau. 19 704 Sept 19
32
61
38
1,500 183, May 29 32 4 Aug.20; 12
2,143
l'<
164
238 Mar. 11
64 Aug.I7
34
16 June23 19 Feb. 20 14
200 15 May 1 86 »ept29. 18
SO
i
i.ex.it
9 Jiily23
81
Mar. 25
SUJiaJan. 31
3 Apr. 7
Apr. 7
7
8 Aiig.l7l
s
14», A11K.17
»Hi 38
330
4iSApr. 22
ei« 17
OHiAiix.17
670 138 Jan. 2 139HiJiino H IIH 140^
5,100 115HlJan. 2 134
Ang.22 107 137 •«
216,847 6434 Juno 8 83l«Jiilv '1
..•,.,
04(4
5,275 102 Jan. 28 115 An
19
166,080 84'SJan. 2110334 All
.;l
4
221a
26
Atchisi'U opeka it .Santa Fe..
Bnrllnnt'in Ceil. lUpiils Jt No..
Central lo-.va
ChlcagOit \lton.pref
Cliiciiuiali sauil. it Clevolanil.
Cnluniliin locking Val. it Tol.
Oiliuibethi
134 Teb.
188 It Mar 1 130
88 Mar, 26 97 Aug.18
35>4Apr. 24 40l«Aug.l9
M^»y
23
7 40
AMg.20
1
161^
68^ 68 's 68 Hi 6834
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42
20 V 20=8
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43I4
43
40
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40
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2534 26 Hi
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95
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12
13
13
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43
44
42
43
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12
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m\
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-
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.
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.
'
llll((
8
8
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57
19
MlrSlKI.I.ANEOUST
American I'isirict lolejfraph..
American IVl. it Cable Co
Banker .t Morchants'Tel
ColuraiUi
lOia
22
pref
^t.
33,
35
Fanl Mliineap.
ll'a
lOV,
43
2l»6
75
30
334
•82
8t.
67
20
7413
142
pref.
Do
Do
Wabash
>a
034
Ogilensb'g
A San Francisco
Faal.& Dninth
76
17'a
234
Terre Haute
Bt.
75
14^
2114
140
West
Rome Watertown A
1434
IOI4
»7
ReurtsehUT it Saratof^a
Kich.it .\ lies., stock trustctfs.
Danville..
P'nt Terminal
IMtt-sburg
14>4
IOI4
lOHi
•35
1
Oregon
Union
130
70 "a
H
10i«
93,
67
4618
ObioSontliern
Oregon .siiort Line
Louis
7'a
12
111
1113, 110", 11034
1023410311, 1023a lOja^,
1^3 1331a
132 133
123 123 'a 123 1231a
121^ 13
121a I3I4
28 14
283, 29
86I4 37
3534 3611
03 14 96
05 'a 06 14
47 Hi 471a
140 140
•33
34
3234
33
100 14 100 '4 1G01«100'8 lOO'slOlia 101', 10514 105
pref
l"t.
1081^ 11014
131a 14
U
57
pref
Northern Paclfio
Bt.
•7I9
*5
»'*
514
5
5t4
6
6
Bh
5
•41a
•.30
35
35
311a Slia
3mi 311a 31
133
132
isi"
i32"
132
132
13214
13118 131"b
131'al31"a
pref.
Xew England
Do
10734 109«B
I314 13",
5',
9',
67
87
.
.
fit.
'a
•n't
88 \
8
12
38
13318 1331.
13S
130
nm,
,
.t
7>a
12
9>a
I
1
it
12 >a
.
137
4,005
6,110
100
40,795
7,066
1,680
1,643
•49
4614
381* 3819
•12
16
41\ 42>a
•S-s
•31
18
Looia
.St.
•50
Mlaeonrl iCanaas A Texas.
241a
93
Missouri I'acltlo
•13
Mobile it ihio
12734 1273,
Morris it Ksaex
Kashv.ChattaiiuoRa t!k St. Louis
431a 44 '4
New York i.'oiitral A Kudson.. 9»l4 9&-18
tii»
New York Chic. .fist. Louis
81a
11 'e 12
Do
pref.
New York Lack. A Western...
New York Lake Krie A West'u 1718 n-a
Rtchui M
12 >a
•13.1 'a
12l)»,
41 'a 43
S8ia 38^
ot.
Weat'u
I>onl9vil!e it Nashville
Rochester
7"<
3H>4
7'a
Tl}\ 77 ij
711 »a 70\
lOSSi lOS't IO834 IO834I 101)
111
I01'4 10318 1021310314'
lo'.'si
lau-i, 131
130 l.lllla! I30'-4l3iia
120 120
11934 12034 1211412434
12 la •12
13
121a 12<a
2714 271a
27 "a 2Mia
271a 28
34
34 ig 3434
34°8 3bia
31»i,
061,
94 <4 01 >4
04
0434
05
4rt>« 4dHi
48
4734 48
48
105>^ 1051^101)34
ISV 14
14'«
S',
—
Riclviiieiiil it
19
43 >a
>a
77 >g 7H
pref.
10
i:
37
OH
OH
4Ul«
46
38 > 30
'
131^
Va.A Ua
EaatTmiiios.Hee
PUt.sbiu
38
42
7'a
13
134
46<<i,
..,
Evansvlllo* Torre Itaute
Fort Wuriii it DouvtT Vily
Green lluv Winoiui .t st, Paul.
Hoastou it Toxiui Central
Mil.
45*.
37 >a
15
Ureouville, pref
.t
Denver it Itio ilranilo
DubucMie it sUmi.1 Clly.
1
71a
13
isi" isi"
r^D'al^Db 12»\ 121134
as^u 101
Do
34 >a
•8
pref.
ColnniblA
13^
13
Uulnoy.
Jt ut.
Do
ClilciiKii >l.
"a
Oil
4ft It
.
Alton
Milwaukee
<niloagott
89'g
87
'133
C»ilcii»i> iiurlliiKlouib
VliloHifo
S7M 37^
37 "a 37 >,
Central rit.tl
Cbesaiieake lb Uhlo
I'o
C'liIcnKo .t
4S's
and asked
;
230
no sale was made at tUo Board.
18
13
"2"6"'"25"
67
7
147
600
65
700
100
122
200 15
19
'ioo
10
200
74
4l4
300
100 17
100 230
Aug.23
Oct.
I
21
13
28
9U0
130
81
Juuo3n 203
Jan. 22 149
2
Jan. 10
20
Feb.
Jan. 30' IS
Apr. 1.
May 27
Feb. "
OcU 3
n»
ix
15
10
2U
.^..4
1364
THE CHRONICLE.
416
OP STATE AND RAILBOII) BONUS,
OCOTATIONS
t
8TATK BONP8.
94
105
92 "4
106
Al»b»ni» -Cl»»« A, 1906.
UlaM B, 6b, 1906
e^io-aoOooo
......
LonWann— To, oon8.,1914
StaTop (1,48
MiBSOarl— 6h, 1886
...
em dne 18S9 or 1890.
Asyl'm or Univ., due '92
Funding, 1894-95 ......
Hannibal A St. Jo., 88.
1
9V
ArlunM»-6s, funAed
20
15
7«, l.Bock* Ft. S. Is8.
is. Memp.<)k
UKock RR
New York- 63, reg-,
17
19
7».I..R.t.B.AN.0.RR
It, MlM. O. 4 R. R. RR7», Ark»n»a» Cent. RR.
8Hi
102
103 "a
113
GJorgl»-6s,1886
78.1886
7«. gold. 1890
118>i>
104
104
110
115
1)7
30
10
20
6-4!
"»9
113'a 117
105
4Hj
non-tunrtable,
1888Brown cou8orn68, 1893 109
51=1
Tennessee— 69, old,1892-8
68. new, 1892.8.1900...
AtcU.T.«B.f6-4'aB,1920
Sinking Fund, 68, 1911-
no
6s, consol. bonds
6s, ex-matured coupon.
6s, consol., 2d series
6s, deferred
District of Columbia—
3-658, 1924
52 U
Registered
Funding
51=il
SECURITIES.
Ask.
Bid.
Atl.
*
rao.-lst, ba, 1910.
I
Consol., Ist, 63. 1934...
Mlnn.ASt.L.-l8t,78gn.
la. City & We8t.-l«t, 7s
O.Kap.I.P-&N.-l8t,68
--.
l8t,68,1921
Bnlr.N. Y.&l*.—Con8.,68
...|
General, 68, 1924
Cm.Bo.-lst.lttUgaar. 58.
2d,68.1913
Beg., 58, 1913
CentiaUowa-l8t,7B,'99t
Ba«t. Blv.— 1st, 6b, 1912
lU. DlT.— iBt, 6s, 1912..
Chesapeake & Ohio—
Pnr. money fund. 1 898.
as, gold, series A, 1908
6s! gold, series B, 1903
68, currency, 1918
Mortgage 68,1911
Ch68.0.&B.W.— M. 5-6s.
Chicago <fc Alton—
Ist mort.,78, 1893......
Sinking fund, 6s, 1903.
La. & Mo. Iiiv.— Ist, 78.
.-2d. 7s, 1900
St. I-. Jack. & Chic— 1st
l8t,guar.(564), 7s,'94
2d, (3U0),78, 1898....
2d, guar. (188), 78, '98
.
4th.
A
Pittab.McK, AY'.— 1st,
Consol,, 1st, 08,19221,,,
Tru.^t Co. receipta
Rich.A Danv,—Cons„g,,6s
Debenture 68, 1927
Atl,*Ch.— l8t, pr,,7s,'97
Incomes, 1900
Scioto Val,—l8t, cons,, 79,
St, L, A Iron Mt,— lat, 7a,
2d, 78, 1897
Ml88.U.Br'Ke— lst,8.f.6B
Cniic.Iiurl.<& Qulncy
CouBOl. 7a, 11)03 ...
I
68, sinking fund, 1901..
68, debentures, 1913
la. IJiv.—8. fd., 68, 1919
Sinkiugfund, 49. 1919
Denver Civ.—48, 1922..
Plain 49, 1021
P.-Cs, cp., 1917.
O.R.I
69, reg., 1917
Ext. <ft Col., 58, 1934....
Keok.
Des SI.— l9t, 5Central of N.J.— lat. '90 .-
l8t,68,1905
'70 "a
*70>a
N.y L.E.AW.-New2d68
Buff.AS.W.— M..6a,1908
Ev. AT. H.— 1st. cons., Os
Mt. Vern'n- 1st, 6s, 1923
Fl'tAP.Marq.- M.6B.1920
Gal. Har.A 8. Ant.— Ist, Os
2d, 79. 1905
West. Dlv.— 1st, 58
2d, 08, 1931
2d, 68, 1923
,
Registered, 6a, 1931
Trust Co, receipts
98
112
103
106
Dakota Ext,— 68, 1910..
113""
Mln-8Uu,-lst,68, 1922i iii
St,P,A Dill,— 1st, 68, 1931 109
80, Car, R'y.— lat, 68, 1920 105% lOS
•oo
81'*:
2d, Ob. 1931
1
I
43
43I4
46%
Shenand'hV,— l8t,7s,1909
General, 6s, 1921
Sodua U.A
1
103%
So,-.lst, 58. old,'
68
68
Tex,Cen,—l8t.8,f,, 78,1909
72
78
let, 7s, 1011
50
53
Tol, Del, A Burl.- Main, 6a!
93 "4 9334
Ist, Davt, Div,, 6s, 1910
N,Y. 8u8q,A
82%
111
106
117
113
1
lat, consol,, 6s. 1933....
1st. consol,. 6s,reg,,1933
'45
W,— lat, 68,f
Debenture, 6a, 1897 1..,
Midland of N, J— Ist, 6a
110
1
113%
8t,P,Minn,A Man,— l8t,78
il4% 114%
2d, 68, 1909
4218
—
108% 108%
!
801-jl
iN.Y.W.Sh.A Buff,—Cp.,58
110^4
60
-9
*113%
46
,
11034'
7i'8 N,Y,C,A.St,L,-l8t,6s,1921
Collafl trust. 68. 1922.
137
107
104 »4
106"
97
35 'J
41
^14
1*111
Cairo Ark A T,— 1st, 7s,
Gen, r'y A 1, gr„ 59, 1931
St,I..AltonA T, H,— lat,78
2d. pref ,. 7s. 1894
2d, income, 78. 1894 ....
Bellev.A So,IU,— 1st, 8s
1
t
-_
Arkansas Br'cb-lst, 7b; 111%
Cairo A Fulton— lat, 78, 109%
1
—
106 <%
68l
Rlch,AAlleg,-l8t,78,1920
I
45
Trust Co, receipts
N.Y. A N, Engl'd— l8t,78t 120
.
Con,, 1st, ext„6a, 1922,
Roch,APitt,-l8t,6s,1921
1
Bua.N.Y'.AE.-l9t.l910 130
.
Rome W.A Og,— lst,78.'91
'
no's
.
IIO'*!.
12113'.
68, 1892--..
2d, 7s, 1898
2d, guar,, 7s, 1898 ....
Tol.— l8t.68
Pitts. Cleve,
Pitts, Junc,-l8t. 68, 19221
I
b'nds, 78. '93
8. fd,.
St,L,V,AT,H,— l8t,g„7t
.
Reorg., Ist lien. Gs. 1908
1411a'.
Pltts,Ft,W,AC.— 2d,78 138'4
131
Clev.APitta,- Con3,8,fd, 129
I
—
Ask.
Bid.
3d. 7s. 1912
.
Long Dock
1899
pma.C,ASt,L.— 2d. 78..
Pitts, Ft,W.A C— l.st,79
,
V
j
.
5s,
SECURITIES.
Penn,RR— Continued—
Ask,
Bid.
1911Del. L. A W.— Contln'd42
42>a
WS^l'llS
l9t M., 7s, ex.cp.,6,7,A 8
Morris A Essex— 1st, 78.
130
Cou9.7s,1902
....
Micb.Cent.—
113'a
2d, 7s, 1891
1902
120
59,
Consol.,
Bonds. 7s, 1900
68, 1909
7sof 1871,1901...... 1223i'
100
128 128 4
Coupon. 59, 1931
Ist. conaol., guar., 79.
lOOHl
;i24
Kegistered, os. 1931 ....
N. Y. Lack. A W.-l8t, 69 123
Jack.Lan.A Sag.— 68/91 106 95"
72>9 73
Constrtiction, 5s, 1923 1U2
1910
Os,
Ist,
No,—
112^1
Mllw.A
-1st,
78
Del.A jlud. Canal
l8t,68, 1884.1913.
118
Ist. ext., "8. 1891
117 ^i:
M11,L.S,AW,— lat,69.1921 108 "a 110
104 "a
Coupon. 7s. 1894
118
Mich, Div,— 1st. Os. 1924 102-2 104
Registered, 7s, 1894
„ ,„ i, ,134
<.,
*1334
Minn.A St.L,— lst.79.1927, 128 130
108«8'109
l8t. Pa. Dlv.,cp.,78,1917
134
lowaExt,— l8t,78, 1909 120
go"*' 95=
Ist Pa. Dlv., reg., 1917.|*132'a
100
9d 7r 1H91
130
Alb.ASU8q.-l8t.7s ...1 1\1 11^
113i« 113'a
S'thw,Eit,-i9t, 78.1910
lip
lst,con3.,guar.78.1906 Jf"
Ifg,
02
llS^a
Pac, Ext,-l8t. 68, 1921
100
Ist. cons., gu., 6.S. 1908, 115%
sola 86=4
Gen'l,6s,1920
142
T,—
Mo,K,
A
cp.,7s
97>a
Rons. A Sar.— Ist,
721a
1920
142
General. 6s,
30
1st. reg.. 7b, 1921 .....I
lll>all2
Cons,, 7s, 1904.6.6
--Denv.A Rio Gr.— let, 1900 116 '118%
"78
86
1911,
Income,
78
77
2d,
Cons,,
1910...
101-t 101 "a
1st, conaol.. 7s.
H. A Cent, Mo.— Ist. '90 •1081a....
"'"• 78
Den.So.Pk.APac.— l8t.7a. 75^1 77
llOia
6s.
Den.AKloO.West.— lst.68 00 "a oiV Mobile A Ohio— New 1892
-•--*
100
65
Collater'l trust, Os,
93
Det.Mack.AMarq.- l8t,63
•5
1st, Extension, 6s, 1927|«......:i00
59
Land grant, 3 "-29. S. A^.
Morgan's La.A T.—l8t, 68 10118 102
50
E.T-Va!litG.-lst.7s. 1900 118
59 >< 69»8
-,•--•,;l8t, 7s, 1918
k-^A-.-l-.u;.
Ist. cons., 5a, 1930
52^1' 53
Nash-Chat. A St.L.— l8t,78 1 23 -4 124 "a
111
Ex coupons 9 to 12..
"102
95
97
2d, 6s, 1901
07
102 la
Divisional 58.1930....
N. Y Central— 6s, 1887...I 106»4 107 "a
63
65
Eliz.C.A N.— S.f.deb.,c.,
10618 106=4
Deb, certs,, ext'd 58
21
23
1st. 6s, 1920
95
N,Y,C,A H,— 1st, cp„ 73, 136 la'
Eliz.Lex.A Big Sandy—68
136 's
"75 ia
126
1903
reg,,
78...
1st,
Erie— 1st. extended,
104 "a
Deb,, 6s. 1904
2d. extended. 6s, 1919 .. 110
Harlem— Ist. 78, coup .. -1.19
117»4
3d, extended, 4ias, 1923. 106 "a 106
1st, 78. reg,. 1900 .,... 138
123
4tb. extended, 59, 1920. 109
log's llO'a N.Y.Elev'd-lst, 7s, 1906 124 I12S
5th, 7s, 1888
119'
124 125
N. Y.P. AO,— Pr, I'n, 6s,'951
l8t, cona., gold, 7b, 1920.
46
124
N.Y.C.AN.— Oen,,68,1910 45
IIU
lst.cons.,fd.coup., 7s .. 119
7s,
1
Baltimore AOhio1919.
lit. 68, Park. Br.,
6b, gold, 19^5
58.gold, reg ...... .-..BOT.O. Kap. & No.— Ist, 68,
—
—
]
stock Exchange frteM.)
ABk.
Tennessee Continued—
68, new series, 1914
C'mp'mi8e.3-4-5-e8,1912
Virginia Os, old
68, new, 1866
go's
6
all classes.
Wil-C-*Ru.B.
Consol. 48, 1910
63, 1919
Ohio— 6s, 1886
Soutb Carolina—
68, Act Mar. 23, 1869 j
Do
Mex. Cent.— Ist.
BAilroad Bonds.
SECURITIES.
—
New bonds, J.<feJ., '92.8
Special tax.
ISSo.
RAIIiKOAg BOWPS.
SECURITIES.
Ask.
SECURITIES.
70
102 "a 103
109
113
9,
Ask.
Bid.
N. Carolina^-Contlnued—
81
69 "a
1887
68, loan, 1891
6b, loan, 1892
68, loan, 1893.. ...-..--N. Carollna-68, old, J .*J.
Funding act, 1900
OCrOBER
SBCTJRITIES-
Ask.
Bid.
SECURITIES.
Ask.
Bid.
8KCUK1TIES.
[Vol. XLI.
1121a
Ist, Ter, trust, Os. 1910,
90%
10734 108
Tol,P,AW,— lat,7s.l917..
90% 95
107
Trust Co. receipts
Registered. Oa. 1921
116
G3i>4
1005
03
O,—
lat,
78,
N.
Tex.A
110'-4
19201
N,O,Pac,—lst,08,g,.
96
99
lOSVj
Sabine Div.-lst,69,1912
Norf.AW,— Gen,, 6s. 1931 97 13 ,„_,
&
Gobies, 1923
59% 60
110
Va. Mid,— M, inc, 0s,1927
Han.A St.J .— Con.68.1911 115»4'll6ia New River-lst,0s.l932! ...... 96
41
Gen,,
Oa
121
APac—
103>4
Wab,st,L,
Consol,s,fd,
l9t,con8.assont. 79,1899.
Ohio* Miss,Houston A Texas Cent.— „,,,
76% 77%
98", 98 •"s
Chic, Div,— 58, 1910
Consolidated, 7s. ]898..;"121 1....
Oouv.,a..58onteti,73, 1902 103
Ist, M.L., 7s, 18911....
95
Hav, Div,— 68,1910
93
Adiuatnicut, 7«, 1903... lOSV) 109
2d consolidated. 78.1911 100 "a ....
Ist, Western Dlv., 7b t
"50"
023,
97=8
93',
Iowa Div,—Gs, 1921
65
Conv. (lubent. Gs, 1908..
Ist, Sprlugtlold Dlv,. 78
1st, Waco A No., 7Bt....
78
Ind'polis Div,— 08,1921.
79
76
Leh.AW.B,—Con.g'd.as. 100-, 103
1st, general. 5s. 1932... '
2d. consol. .main line, 8s
56'
Detroit Dlv.-Os. 1921
Am. D'kJiImp.—58,1921 83
SB's
2d. WacoANo.,8s,1915
lOhlo Central— l8t,0s.l920
Cairo Div,— 5s, 1931
Chic. Mil. & St. P.—
General, 6s. 1921
1st, Terra'lTr., 08,1920,
"es
134
Wahash-Mort, 7a, 1909
Ist, 8«, P. 1)
H0U8t.E.&W.Tex.-.l8t,78
let, Min'l Dlv., 68, 1921
12318 :....
91^
Tol,A W,— 1st. ext,,78, 109 110
2d, 7 3.10s, P. D.. 1898
'obloSo.— l8t,0s, 1921....I 91
2d, 6s, 1913
98
99
128 130
Ist, 78, $ g., U. D., 1902
Ist, St, L, Dlv,, 78, '89,
Ill.Cen.— Spd.Dlv.—c:p. 68 114
Oreg'nACal— lst,6B,1921|
94%
118 "a
104
83% 83%
Ist, LaC. Dlv., 7s, 1893
2d, ext„ 78, 1893
Middle Div.— Beg., os
|Or,ATran8c'l-63,'82-1922
8434 85%
Equipm'thds. 7s. '83.1
1st, 1.& M., 7b, 1897..
C.St.L.AN.O.— Ton.l..7a
Oregon Imp, Co,— lat. 6s.
83
Consol. conv., 78, 1907*
iBt, I.&D., 78, 1899.... 123'a
1st, conaol.. 7b, 1897.. 125 li
lOreg'n RU.&Nav,— l,st,63 114% 115
109
118
130
Gt,West'n— 1st, 78, '88
Ist.C. & M., 79. 1903.. 129
2d, 68, 1907
Debentures, 7s. 1887
06
126ial27
Consol. 78, 1905.
2d. 7s, 1893
Gold,58,1951
Panama— 8. f,. sub, 08.1910 101
I2II2
95
Q,ATol,-lst, 78, 18901 70
lBt,78, 1.&D. Kit.,1908 124
97
Dub.AS.C— 2dDlv..7s.
Peoria Doc, A Kv,— lat, Gs
9134
Ist, 8. W. Dlv., 6s, 1909. 114 "a
Han,A Naples— 1st, 79
Ced.P. A Minn.-lat,78,
Evana.Dlv,- l8t,6a,1920 91
lBt,5s, I.aC.&Dav.,1919 100
Ill,&So,Ia,—l8t,ex,,0a
Ind.Bl.AW.-lat,pref., 7b '120
PooriaAPek, U'u— l8t,03, 101
lBt,8.Mlnn.I)lv.,69,191() llSmiSHi
79
St,L,K,C,AN,— R,e„7a 102% 103
1st. 5.08. 1909..
PacRR.— Cen. Pac—G.Os 116
•59
Ist. H. A l).,7«, 1910..
122»ll23>a
106
Omaha Div,— 1st, 78, 80% 82
2d. 5-63. 1909...
San Joaquin Br,— Os
Chic* Pac. L)iv.Ua,1910 116.
79
Clar'daBr,— Os, 1919 60
Eastern Dlv., 68, 1921..
Cal, A Oregon— 1st, Os 102
99=4' 99'8i Indianap.D.ASpr.— l8t.7s
1st, Chic. & P.W.,59,I92l
90
100%
St,chaB,Bge,— IstjOsj 78%
Cal, A Or,— Ser, B,, Os
MinM Pt. Dlv., 5s, 1911), 99-a;100
84
Ist, 7a. ex fund, coups.
No, Missouri— Ist, 7s,, 112
Land grant bonds. Os, 102%!
C.& I-.Kup. I)iv.5».lil'21 100
Int.AGt.No.— lst,68,gold •114
West, Uii.Tcl,— 1900, coup 117
West, Pac— Bonds, Gs., 110
jni8
WlB.&Mln.I)lv.5s,1921
99'a. 9934
78
Coupon, Gs, 1909
1900. reg
NcR'way (Cal,)— 1st, 63 110
Termlual 58, 1914
96
9«34 Keut'kyCeut.-M.6s,1911
98
N,W, Telegrapb— 7s. 190, 100
So. Pac, of Cal,— Ist, Os.
8434
Ohio. A Northwest.60
Stamped,
4
1911
Mut,Un,Tel,..S.fd.6s.l91,
c,
..
lat,
p.
of
Ariz,Os,
Pac,
So.
,„o,
ISS^a'
Consol. bonds, 7s, 1915
ijike Shore A Mich, So,—
INCOME BONDS,
So.Pac,ofN,Mex,-l8t,68'
Coupon, gold, 7s, 1902. 129'a 130
Cleve,ATol,— N, bda.,79 101
(Irtterf!<t intyahle if e'trned
Union Pacitlc Ist, 68.-1 116'a
1738 17'4
12818!
BegiHl'd. gold, 7s. 1902
Cleve, P, A Aah,— 78 ... »116
Atl,APac.— Inc. 1910....
Land grants. 7s, '87.89 104%
Sinking fund. 6», 1929.
120
Buff.AErie— Newbds,7s 120%
Slnkingfund. 8s, '93.. 120 1'20% Central of N,J,-1908 ....
Sink, (und, 6s.ia29,reg.
118
Inronie..
Kal. AW. Pigeon— 1st..
120
Chic, A K, III
Beg,, 8s, 1893
Biukingfund, 5s, li)29..
18% 18%
107
Det.M.AT,—lst.7s.l906
E,T,V,AGa,.-Inc„6s,1931
Collateral Trust. 69.,18
Sink, fund, 5a, 1929. reg
Lake Shore~I)iv, bonds, 120 ...
93
Or,BayW,A St,P,—2d,inc,
58. 1907
94
Do
Blnk'g fd. deb.. D», 1933 IO314I....
Consol,. coup,, Ist, 78, 128%'l29'4
Kans.Pac- 1st, 6s, '95 111 111% Ind.BLAW,— Con,, inc.Os 22% 24
S6 years deb. 5b, 1909
108 >4 104
Consol., reg,, 1st, 7s ..
Spr'p— 2d.inc,'
111% 111
IndsDecA
1st, 6s, 1896
BacsnabaA L. 8.— 1 st,6s 112 |1!S"«
26%
ri888'iY8%
Consol., coup,, 2d, 78
Trust Co, Roceipta
Denv, Dlv,08,a«s..'99 110%
DesM.AMlu'ap.— lat,78 124 ....,
80
Consol,, reg., 2d, 78
118%;119'4'
98%
1st, consol.. 6S.1919.
Leh, A Wilke8b,Coal,— '88
.
&
130 i-i 181
132
N,Y.N,lI,AH,-,lst,.rg,.4s
Gr'nBayW.ASt.P.— lst.68 73
GnlfCol.A8.Fe-78, 1909 112
70
113
81
—
N.Pac- G,l, gr..l3t. cn,,6a
I
. .
1
'
.
.
\
.
,
I
.
!
!
i
!
I
I
i
i
,
—
—
.
Iowa M idland— iBt, 8s. 133
Peninsula— Ist, conv. ,78 132
Clilc.A
MUw'kee— l8t,79
Wln.ASt. P.-lst,7B,'87
.
Long
l.Ht.
I
127>a 129
lOB-a
2d, 78, 1907
126
l[U.AMad.-l8t,69,1905 114
Ott. 0. F.4 St. P.— I8t,58 106
O.C.C.& Ind'8-lst, 7, 8. f 1 124
Consol. 7s, 1914
119
lal, RR,— l,st, 78,'98
consol, 5s, 1931
C.Br,U,P.— F,c,.78.'95 103%
At,C,AP,— l8t,08.1905 95
106
AW,—
Louisv,A Na.shv,—
1st. 68
At, J, Co,
Dreg, Short-L,— Ist, 68
Ut. So,—<;ien,.7a. 1909
Exten,. lat, 78, 1900
12084'...
Consol., 7s
Ceoilian Br'ch-78, 1907 «ll)l 14103%
N.O.A Mob.-l»t,08,1930
106%'
125
2d, 6s,
1930
E.H.AN,- Ist
6s,
1919
General, Os. li 30
Pensacola Div —68,1920
St, L. Dlv.— Is;, 68, 1921
Conaol. sink, fd, 79,1914
Qeiicral consol.. Gs,1934
Chic. .St. P.Mln.AOm.
Consol. Cs, 1930
08 14 99
87
109
'103
80
Mo, Pac— 1st, cons,, Os. 104%
Sd, 78,1906
Pac, of Mo,— iBt, 68...
2d, 78, 1891
St.L.A S F,— 2d,68. CI. A
6s, Class C, 1900
68, Class B, 1906
Ist, 08, Pierce C,
0„
114
105
115
106
112% 113
102 % 105
98% 99
99% 101
Lake E,A
W,— Inc. 7s. '99
25
Saiid'ky Dlv,— Inc„19'20
25
Laf,lil,AMun,-.Inc.,78.'99
Mil, L, Sh,&W,— Incomesi*
Mob,A o,— lst,prf„doben, 01
—
2d. pref,, debentnrea
3d, pref,, debentures
4th, pref,, debentures...
N.Y LakeE,AW,— Inc„68
34
28
28
»0
26
30
81
62
35
30
30
,
90
Ohio Cent —Income, 19'20
105 1....
Min'l Div,— Inc,,78.1921
61%l ...
Ohio So,— 2d inc. Gs, 1921
114>,
Nashv.A Dec— lat, 7s,. 116 1....
PeoliuD.A Ev,— Inc., 1920
0.8t.P.&M.-lHt68,1918 123 [125
S.AN.Ala.-S.f 68,1910 90 101
40
Evansv.Dlv,- lnc„1920
A
No. Wis.— Ist, 68, 1930.
LoulST. C.A L.-6a,193l
60
Epnlpmcnt, 7s, 1895.. ibs' 107% Roch.APittsb— lnc.1921
8t.P.A S.C.-l8t,«8,1919 121 "a
Tmat bonds, Us, 1922...
SS
*88
96%
Og,—
Inc, 78.
Gen'l mort,, Os, 1931
A
Rome
W,
Chic. A B.lll.— l8t,9.f.,cnr. 117
118
10.40.03,1924.
34% 88
88
89%
80, Pacof Mo, 1st, 6s 101
So. Car. Ry.— rnc..0s.l931
Consol.. lat, 08. 1934.... 102'* 1(12 "a Lake Erie A W.
39
Div.bds.
1st, 68,1905
Tex.APac—
,St.L,A,AT,H,—
Chlc.Ht.l,..tI",— l8t.con.58
80
88
1st. Os. 1919,..
85% 87
FREE LI8T.
Consol,, Os, 1905 t ..,
"8l"
Chlo.A W. I nd.- Ist. 8.f.,68
115
SandUBkyDlv,— 6s,1919l 82
Income A Id. gr,,reg
48% 48% Cin.A Sp,— lat,C.C,AI„7s iqa 110
Oen'l morl., 68, 1932 ...
87
J9.*!» 105^ Laf,Bl,A Sl,-lat.G8. :»19
G,, Ob, Aug, cp, on
70
71
l^t,g,L.S,AM,.''
Bio
ChlcAStl,.— lBt,«8. 1915 103% 10234 Loulsv,N,Alb.AC,—l.st,6s 95%
Do
exAug, cp. 6236 6234i'Col,(.',Air,Co.- -lat.i;*m,,63
OsLft Ureen.-lst,68,1916
General mort., Os. 19^4,
Gen, mort, A Ter, 68,.
56%
Cum, A Penn,. l8t.6s,'91
ad, 68, 1926..../..?.... .
Lou, N, O, A Tex.— Ist, 58 901,
l^HiI
Penneylvauia
RR,
'2d. Os, 1888.
Col. U.Val.ATol.- l8t,58
79% Manhat.B'chCo,- 78,1909 75
79
Pa,Co,'8 guar,4 %s.l8t,cp 101
Dea M. A Ft, D.— 1st, Gs
D*l. I-.A W.— 78,conv.,'92 'llS
N,Y,.tM,B'h-lBt,7s,'97
il
Pa,Co,'8 4%s,Reg„192l «1(10%
Ft, W, A Denv. C —let, Hs "81% 81^
Mart«aKe,7s, 1907
«...
140
Metrop'llt'n El.— lBt,1908 114
115
Pltt8,C,ASt,L,-l8t,c,.78*121
Fargo A Southern- Ist.Os
Rrf in..., ,*.v V --1«t 7«
ia«% 2rt, «o, 189B
10734 107',
Ist. reg,. 78,1900
Gal.H.AH.Ol '8-2— Ist, 58.
'No prices Filday; Ui09« are istejt quotations made Oils week.
t Coupons off.
2d. 3s,
1980
I
.
—
.
1
[I
!
I
1
OCTOBEK
10,
THE CHRONICLK
1888.1
KAILROAU BARMlNtt*.
The
New York
eirniuKO and the totals from Jan. 1 to
The statitinent includes the groes
latest date are Kiven bolow.
eamiuKs of all railroads from which returns can bo obtained.
latest railroad
Laleil Mamtnffi RtparUd.
Jan.
417
City Bafeka.—The following toement shows tto
condition of the AsaooUted
week ending October
Banks of
New York
City for th*
1888:
8,
I to L€ilest Itato.
Boadt.
WeekorUo
*
T.
H.isl. II.
W".
..
wkHcip.
l-ltli
Hur.Ci.l.H.ANo.
Illlwk.Suii.f
Ciiimilimi Paolflci
Itli
Cm
188S.
1884.
9
$
$
S
13.735
81.800
198,000
37.945
13.968
10^,701
273.000
wkSii>.
mil Iowa.... llliwkSi'i)
3«,fil(l
l,.17O.2<0 I,36.S,90»
t 'oiiinil I'aclflcJiily
CliidBii.
318,187
Ohio lAiiKUst
2i<i).lBS
C2,!i32
Kll2;.I.ex.&B.8. AiiKiiat....
83,172
Clios. C). &8. W.'Aiiv'nut.....
13(i.7i'l
l'.;2,868
i
ClilcHKO
A
A q
,Aiit,'ii.st
...
Chic. & East 111 Ith w liSi-i>.
Chic. Mil.&St.l'. -HlMYkSci..
Chic, ii Northw.i IthwkSop.
I
Cli.8t.P.MIn.AO.|4thwk8oi'.
Chic. & W. Mich -Ith wkSep.
Cln.In(1.8t.L.&C ,4IU wkSop.
Cln.N.O. AT.
P.Aiis'iist....
01n.\Va8h.<kIialt.|4th
wk Aiijj
Clev.AkroiutColUth wkScp.
Clev-.Col.C.AIiidjAiiKUBt
A Nor. August
Denv. d( KloGr.|4lh nrkSep.
Denv. & R. O.
Jrt wk Sept
Des Mo. *Ft. D.lad wkSept
Det.Lan8'KANo.l JthwkScp.
Dub.iSioiixCityj4th wkSep.
Banbury
i
W
E.Tenn.Va.&Ga.'AiiKiisr.....
FUut A P. Marn.ilth wkSep
Flor. R'way A N Iscpteiuber
Florida South'!!.' July
A
l^en.lAHRUSt....
Gal.Har.A8.Aii. 'July
Grand Tn!uk .... Wk Oct. 3
Gulf Col. A 8. Fe Scptciu her
Hous. A Tei. C. Ji;ly
IU.Oeut.(IIl.ASo)'4th wkSop.
Do
(Iowa) 4th wkScp.
'
.
fIiid.Bloom.AW. '4th WkSep.
K.C.Ft. 8. A Gulf 3d wk Sept
Kan. C. Sp. A M.j3d wit Sept
Kentucky
August
Cent'l
LBkeEi-ie A W..'july
l..Ek.AFt.Smlth August
IkRk.M.Klv.AT.AufeMist....
Long Island
Uth wkScp.
Ui. A Mo. River 'Ju!ie
Louisiana West.ljuly
Loulsv.A Nushv. 4th wkSep.
Manhattan Kiev September
562,700
533,06('
Z8,4'29
95. '•21
5fi,000
24,786
114,663
2.640
46.s7a
Har.Bough. AO.jJd wk Sepl
Metn. A Charles.; AiiKU.iit
6MeilcanCe!il.. 4lh wkScp.
6Mex.N.,all lines AuKust-...
Milwaakcc A
,
32,46,'il
[
N. Y. Pa.
A
O. August...
H.Y.ANewEng. Xuuu^t.
N. Y. Out. AW.. September
N.Y.Snsq.AWcsi
A West.
Northern Cent'l.
northern PaciUc
Horfulk
OaloAMina
August
September
August
September
Isl wkSept
Ohio Southern.. Sepleuiber
Oregon Imp. Co. .\ugusi
O.egoii Shiiit L. luly
Oreg. R. A N.Co. iepteiuber
Feniuylvanla... \ugu.st...
Peoria Dec. AEv ithwkSep
Fhl'a.AE ie
August
Fhllu.ABe tdlng ,\ugust
Do
C.
di
Irouj
August
...
...
Biohm'd ADanv. Septemlier
Ch. Col. A Aug Septemher
Columbia* Gr. September
Georgia Pac... .\iigust
Va. Midland.. September
West. No. Car. September
Koch. A Pittsb'g 4th WkSep.
Rome Wat.AOg.
St. Jo. A Gil. I»l.
July.. .
Ith WkSep.
8t.L.AltonAT.If. .Ith wkSep.
Do (Brai!ehosi,3d wk Sent
8t.L.F. 8. A W.;jdwkSept
Bt.L.A8an Fran. 4th wkSep.
Be. PaiilADul'th 4th wkSep.
Bt.P..Min.A Man. jeptembcr
South Carolina.. August
Paclflo Svetom July
Texas AN. O ... July
1
Tex.
A
Dnlou
3.8."'3,066
»0t>,S62
7,928,86(1
8.69(1.2 18
2,145.82;
436.991
1,041,22.=.
1,070,874
408,77S
391,76,5
969,70(
1,220.923
3,272,931
8 49,126
1,129,640
3,751,987
1,316,.V9'7
1,469.984
1.839,809
1,5^0,846
246.219
IO.S03.673
3,609,836
2,164.871
1,466,052
370,192!
429,372
105,611
160,669
203,227
218,190
27.209
81,748
182,II(i
3^,017
;
2,109,425
1,37.5,001
398,26)
187.275
205.318 1,401,609
!0l,:^.^.^
105,828
698,164
654.773
246,825 266,069 1.944,526 1,026,803
451,370 610,427 3,460,864 3,6)8,198
1,20-.^, :U7 1,236,560
7,780.947 9,277,186
103,414
106,192 2.468.567 2,539,010
324,94.'
59,071
46,598
329,833
275,603 270,126 1,865,80.' 2,214,806
196.266
106,739
932,79
462,109
577,000 387,000
3,956,306 4,617.894 28,961,004 11,940,228
19,80'!
25,436
541,0^8
576,051
276,';0l
367,909 2,022,81
2.3)9,441
2,940,7.50 3,299,015llg,292,80€ >0.2,S5.472
1,417.888 1,948.7411 9.418,04( 10,436,344
37 1, .500 335,700 2,82 .!,3n 2,099,873
561,41,')
80,150
64,276
511,120
63.400
51,130
454,197
418,713
42,300
343,172
48.888
396,343
167,304 170,268 1,134,785 1,184,174
45.864
337,544
318,328
4-A879
3.5,124
32,708
830.802
886,452
146,664 150.29.'
896,269
883.550
32.614,
26.380
748,892
33,33
33 84
986,913
878.910
18.9501
l.%33e
512,368
525.358
10.3S<
1.T.119:
350.816
432,407
132,4')7'
142.045 3.062,309 3,381,264
67,06:i
40.8 l4
891,501
915,181
740,813, 738.587 4,933,810 5,6 10,456
73,694
64.719
701,312
6tf7,8'.;2
j
ll
"i
St. I»ui8. <d wk
Paclflo
.\Uitll8t.... 2,331,l,10l2,417,7l{
3l.7l9i
32,2971
t
|
3.^.38
26,235
238.160 1,427,875
212.638 2'23.'J68
28,»09|
24.314
4,603,702
Nut ImiiKling Ind. Decatur
A
{
4,045.994
466,005
632,782
15,787,425
262.413'
293,540
210,809
09,741
10,199.124 11,167,885
920.41O
892,933
1.01H.874
J>0\7.57
I5,860,65'i'
a Not IneludlDg eamingn of New York Pennsylvania
And
2.380,330
1-0.989
842,513
6,373,669
15,798.715
1,121,153
10.403.327
17.019.800
4,157,323
21,4.'iO
612,1511 486,746
1,874.345 1,970,600
83,43.^
64.6 2^
32, 22:;
8«pt
3l.23f
Vlcksb,9h.APae..I August ...
Wab.81. L. AP.lSepleinbjr
tWsrtJersey ..[August ..
Wqjbslu Centnind wk S«pt
t
1.053,384
113.250
46,338
138,57.3
156,323'
250,4 18;
Vleksb'gAMer August...
t
1.95-^.463
j
Bo.Pac.Corap'yAtlan. System fuly
'
339.08
2,164.00K
5,898.892
1,437,348'1,53».4'27 0,839,682
441,3381 482.039| S.IU.ISJ
327.248 30O794 2.137.274
t
1
130,452
788,691
834,317
677,346
875,235
2 101,248
129.560
!
AW August...
175,524
862.19'"
607.191
90.904
2,650,4 1!-
77.35ft
11
No'Sciiteiiiber
MiLL.Bli.AWeslllatwkOct.!
Minn. ASt.I>oidH Aucuat...
Mo. Kan. A Tex. 3 wks Jul\
Int. AGt. N0..12 wks Julv
Mobile A Ohio..|Septciuber
Morgan's La.AT.' July
Nash.Ch.ASt.L. Augu,st....
N.O.A Sorthcast August
eW.'Y. L.Kile
9,65'i,0Jl 10,3:1 1,77.1
J
Evansv. AT. H.j4thwk8cp
Ft. Worth
687,3.11
970,024
177,H23 226,424 5,786,018
3,224.301 2.417.495 16,410,106
36,312 1,168.594
39,034
77t),0O0
7i)5,983 16,549,000
802,900 17,028,592
8(>7.20<i
186,8011 4,033,983
109.900
37,745
941,622 1,14!, '271
35.034
75,996 1,740,276 1,794,229
( S.SSS*
2:i8,lH4
236,45b l.66H,790 1,072,777
57,180 l,097.9-.!4 1,172.923
46.072
13,823
13,3!>2
363,815
362.776
321,228 344,481 2,211.720 2,447.421
22,754
il43,773
24,22 4
136.8S3
156,587 4,402,411 3,966,001
170.4U7
20,640,
672,094
23,010
54 2.835
0.504
254,663
9,780
241.421
42.8SC
880,536 1,014..534
45,643
2O.6I:
631,985
21,800
6t0.2tiO
2,519,008 2,4,^5,03;!
328,496 312,72;
553.587
15,42:
18.182
564.375
5 l,72!i 1,405.5,';9 1,734,821
59.3 10
60.73-.
690,564
64,978
704,155
12,39J
16,121
37,2U
301,111
43.618
321.677
235,73'j
198,56!
1,633,123 1.492,0.')7
380,071 11,323.919 12,859,074
337.2 <*9
185,271 1,082,323 1,213,830
2 1 1 ,0 18
993,69;i l,'!3l,307
152,554
176,209
229,700 220,65!) 7,593,721 7,211,319
1,157.7.-19
38,65t
39.700
1,224,813
51.944 l,743,f06 1,724,584
ST.eS.^
55,47.">
47,296 1,771,932 1,679,237
20,159 1,089,148
22,497
802,529
79,645 104,501
534,146
577,263
76,356
74,7S2
37.138
39,711
321,387
300,903
24,70.'
183,369
20,312
201,000
52,927 2,250,324 2,201,39(1
e3,05t>
48,783
263,67ti
36,425
314.522
42..'i60
20,323
330.373
248.124
3S0,0t>3
34«,44(j 10,102,332 9,879,028
wkSpp.
A".toii:4lli
Chill. liiirl.
667.053
(>fl,087
1,24:{.900 1,301.319
2(i,0ll
17.380
102. H.M
103,915
July
iHmiDrii
1884.
TT.SSI
Ala. Gt. Soiith'n. AiiKiist
Ati'li.T.AiH. F.iAuKust
Piill.V- INitonmoAiinii.-t
188S.
1
A Ohio road.
Sprtngr. In eliher year.
Manhattan Co
....
Merchants'
Mnotianlot*
, .
Union
Anierloa
Fhenlx
18.1:M).000
8.H8 1.000
8,1M<>.800
2.HR3.000
10.024.000
l.l)»4
1,71(1,800
.'.(lo
^Mexican currency.
(184,000
3.11:17.1 1)0
4,010.600
666.000
!' 0,0)0
OH)
mm'
4J6
11)1
City
..1)1
Tradesmen's
Fnlton
Chemical
Merchants' Rxoh.
A
Mechanics'
Greenwich
1.69O.600
9.860.000
. 789,300
1.07O.800
823,100
81.000
167.600
b»u,7Ub
10.968,700
8.19».0)0
A,28U.0OO
1,096.800
1,2-8.000
A Tr..
978,000
Leather Msiiiif'rs.
Seventh Ward..
State of N. Y
Amerlc'n Exch'ge.
3.0:18.600
I.IBH.SOO
8.48.'>.sOO
I8,i:i!i.or)0
6.689.000
8.445.000
1.167.600
1.741,200
674,800
1.676,700
649.800
192,700
714.000
3.933.100
,
Irving
'2.018.000
801.t;00
2 '.0,000
2,891.000
Nassau
Market
2.49:1.800
407.100
613,700
676,600
834,900
691,000
1,047,800
439,000
166.400
Peoples'
...
Hanover
St.
.
.....
....
8,080.200
1,713.600
2.990.000
Nicholas
Shoe A Leather..
Corn Exchange ...
Continental
Oriental
Importers' A Trad.
Park
North River
East River
Ponrth National..
6,19'.!,700
6.117,600
i
176.600
(191,600
195,100
208,800
468.000
138.600
442,000
665.100
129,400
276,000
183,000
4O>.700
300,000
6,6K2.500
6,518,700
17,634.700
1,633.000
1,100,800
99i',490
1.768,100
170,000
76.700
1,216,800
•J25.000
256.800
15.2:iS.400' 4,7«8.300
Central National..;
8.U1.000I 2.823.000
Second National..! 2,726.000
5S5.000
Ninth National. ..i 5.340,300 1.201.H00
First National....! 18,224.100 3.8811,100
Third National...;
4,801.000 2.079.000
N. y. Nat. Exoh..
1,256,600
253,000
Bowery
2.082.100
461.000
N. Y. Oonnty
1.915,900
887.800
1S2.20O
Germau-.\raeric'n.
2.813.800
Chase National...
807.500
2,787,300
Fifth Avenue
3.«76.400
800.000
German Exch'nge.
1,873.900
220.000
1,'!78.700
Qennania
428.200
United States
2,853,300 1,240.1.00
Lincoln
2,654,'iaO
583.900
Qarlleld
1,338.900
196,500
Fifth National....
1.". 05,800
121.4 10
3,0!H,800
B'k of the Metrop..
798,500
West Side
271,:tOO
1,470,700
Seaboard
194,900
1.68:1,800
Sixth National....
807.800
1,638,300
1
The following are
1886.
860.000
882.000
360.400
718,800
19S.0
333,S(
'2.794,100
3«6,«
S
8.'.!8'2.200
1.311,000
3.262,900
3,618.800
e85,S«»
46,0 OS
8,813,'<0O
8,726,800
3,964.700
2,680,100
3.663.600
3.446,800
3.248,700
1,381,800
1,191,600
3,897,000
1,817,600
1,5,19,800
191,0
1,880,200
64,'JOU
weeks
9,9O6,i0a
past:
Olreulation Afo. CIsar'm
»
«
«
»
I
443,1W
18.869.31)0
194.100
231,300
114,100
682,400
881,300
160.400
610,000
289,800
83,100
326,900
141.700
230,700
318.800
289,100
176,100
DepotiU,
Ttnden.\
|L.
tyorn
3,860.000
63.),70O
totals for several
SpecU.
in'mi
10,391, '200
330,759,300 10TOJ130o'30,747,900 386.360,000
Total
6()i',7S
8.018,200
3,867,600
1.648.300
3,164.000
4.718,900
6,878,200
1.760,100
23.307,700
23. 430, MOO
2.011.000
989.300
17,647,100
9,173.000
8,262.000
6,917,900
361,701)
1.0-'9,100
'223.000
1,78'J.IOO
2;),02«.700,
'
1,876.000
l,078.'iOO
3.741,400
1,187,600
4,177,700
16,171.000
20,366,100
6,247,800
7,460,800
3.899,000
«,09 7.900
4,133.000
1,901,700
4.144,000
849iiDO
Citizens' ...... ....
Pacific
Repniillo
Chatham
8.098.51)0
4,74 5.800
l,741.'JOO
1,883.000
1,889,200
8.417,aOO
H.>S7,000
8.378.000
6,968.400
3,8i0.600
1,668,800
8,490.100
7,819,800
Mercantile
I.975,"0O
33.088.100,
14,1.700
686.0 )0
210.700
818.700
169.900
160,000
178,700
868,100
8!«.:j00
3tl8.900
I.I4»,'J00
M.O.'.T.dOO
Commerce
Broadway
North America
,'i'l -V'H)!
1
Oallatln National..
Botchera'
I>roT„
S'ptl9 328.287.600 n0'253900 33.956.n00 :18S,131,500 9.788,400 «80.783,IM
^ 26 .V29.0-9.100 1092)4400 3i.l71,800l3K5.977.2Oul 9,810,800 171,662,048
Oct. 3 330,759.300 107()9l:H)l> 30,747.900385,360,0001 9,905,500 )72,078,»7T
Boston Banks.
—Following are the totals of the Boston banka:
Bpecit.
L, Tentttrt.
9
9
S'ptt9 151.811.300
•• 26il50,853.500
8,8 .'8.500
Oct. 3ll61.:f68.000
».>ii>3.l>iiO
Depoaitf.' {Circulation
$
4,16,1,000 110,411.600 21,436,200
4.576,100 108,.138,10(l| 21,1 17,800
4.758.601!
10.()45.3()0|21.4U5.400
8,612,700
1
Philadelphia Banks.—The
An-
CiMr'tl
9
I
65,438,aSl
ei,600,()0<
68,503,818
totals of the Philadelphia baakat
are as follows:
Law/iU
Loan*
1885.
DenoHU.'
ilfonev-l
70,137 800
79,253,5
79,797,300
"Incladlng the Item dae
Sept. 19
•
'26
Oct.
3
38,3^1.300
82,785,600
82,402,000
27,355,600
82,1151,000
27.719,100
to oiner banks."
48.09«,37C
41.201.371
50.974,977
7,360,930
7,406.0M)
7,392,500
Following are latest quotations for a
Unlisted Secarities,
week
An- Cltur^
Circulation.
9
9
past:
6 .
73 >9
Am. Hank Note Co
Am. Loati ATinsti'o
Am. Safe Dep.per. deb.bda
Host. H.T.A West.— atk.
A
Phlla
Pref
Trust bonds, 6s
B'klyo Elev., 8t. receipts
Ist M., orwhen l'«Rned
2d M., or when Issued
Ist mort
California Pm-iflo
I
Co
Cont. Cons. Imp. Co
Denv A KioDrande— 6s...
('oninieri-lal
Tel
I
84
36 'i
97 >
68
98
6
15
31
6
A Atbtntlc
lat mort
Pltisborg A Western
12 >«
60
183 «t
1
1
84
33
la's
1V>
"6"i
SIS
IS
Tenn.—'let'm'l.lls
9^
11
19is
H4>g
M
96 >
Isl., Ist..
Stock
Texas A Pae.— Scrip 1 s86.
10>i
40
Tex.A8t.L.iJAA1)lv.,l»t.
13>> ToL A O. Cen. Ixt :•», gr.by
CoL AHock.S'al. lilt ...I
Col.Hock.V.ATol.cum.stk
t'.!i. Klectno Ligut
Vicksb. A Meriduu:
6
4<9
Ist mort
3d mort
Virginia MliU'nd, 6s. >ae..
74
West N. Csr.— «'on«ol. B«.
'S
»t
10
so"
75 >
48
'
14
'
..
13>a
100 >
68
lstmort..6s
A Grand
Incomes
!'•
87
82
20
.
ipostal Tel. A Cable-Stock
8
15 Hi Southern Tel.— 1st M. bils
l&V itstale of
321,! St. Jo.
18
60
5'e
.
1st mort.
Postal Telegraph—Stock.
33
AG
Pac— Dlv. bonds
Pensacola
flendemon Bridge— Bond 99 Si
4'«
Kerly Motor
Mexican National
8H
Hlcli.
1st mart
M. K. AT.— Income acnn
ilecelvers' c, rt
6>9
t
|
Y. A Greend Lake, 1st
Y. M. Uu. Tel.-BtocH.
N. y. W. Sh. A B.- Stock
iN.
IN.
North.
J*
.
9U
U. ». Trust cert«
Denv. A KloOr.W
Kdison Electric Llitht
Kqalt. Oas Co. of N. Y
Georgia Pac.— Block
1st mort., 68
2d mort
Soolhern
North Ulv. Cons.— 100 p.(
Ohio Cent,— Blv. Dlv., 1st
incomes
St. cer.stamp
2
44
Debentures
Boir. N. V.
!N. J.
60
23
30
20
106
'
Bid.
SecurifiM.
Bid.
Securitiet.
Atlantic A Pao.—Stock....
Cent. Div., 1st, old
Cent. Dlv., Ist, new
Accumnl. land grant
Pref
Goshen now comprising tbe
•
810.000
K.'i^ll.OOO
...... ....
I
lir.inche«.
% Kiir.>niics the i,f50 miles north of
(«ntral PaclMo gystem.
•
New York
63
I
M\t
I
61
THE CHRONICLF.
418
Quotations la Boston, Philadelphia and Baltimore.
XLI
[Vol.
1 tt tr
eBt
m
je
tt t
.iND
Bid.
8KC\jRITIES.
BOSTO!«.
.
Cam. 4
,
Bocton
*
Lowell—78
Cam.
123
2rt,
,
Bostoii A Providence—78J
Bnrl. A Mo.— Ld. gr.,78.i 118
Eiemiitl
Nebra.ska, Ba.Non-ei'pts
Nebraska, 69.
.
Nebmeka.
4 Passnmpslc— 7s.
4a............ 5
—
I
A Atl.— lst,7s,g.,'93
08,
128
New 7s, reg. A oonp
East Penn.— Ist,
135
119
—
131
78,
1888
1920 llOVj
115
103
103
110
110
—
H
(iO
Debenture, IDs. ........
10»><
N. Y. * >'. England— 08.. IISK)
78
2dmort
N. Mexico
—
88
85
-,;•
Pao.-7s 12212 123
78
-.-
A
Ogdensb.iit
So.
UCU.— Con.bs
Income
-
Old Colony-6»-. -.--.--.
Pneblo & -irk. Val.— 78..
Rntlanil— Bs, 1st
Sonora— 79
122?!
j
97
---.-a-;
STOCKS
Atohlson A Topeka
Atlantic A Pacific
Albany
Boston
Boston A LoweU
I
71«e
6'(
71=4
7
17Si\ 180
116
117
ifc
—
Cam brill
owe.
*
A
Gen.,6B, cp., 1910
i
i
123
33
Cleve
,
A
A
-
'
;
;
Conv., 78, B.C., 1893..*
19H
IS"*
Summit Branch
Worcester Xawh'aA lloch
Wisconsin Central
Preferred
FUIL.ADEL.PH1A.
BAILROAD STOCKS,
t
Prelerrod
Camden A
a PhU
31%
.vtlantic
72>9
71
72
83
SO
10
30
33
19
A
97
9\
17
65'a
Preferred
Little Schuylkill
MinehlU A sch. Haven...
Nesqiiultoning Valley
Norfolk A West'n- Com.
22
1896
PMlailelpLia A Erie
Pbila. Oer. A N'orrislown
57
liO'f
613)
06
62
20%
62 <«
109
A Reading
PhUa. Wllin. A Bait
A Atlantio..
CANAL STOCKS.
RAILROAD BOND,S
Atlanta A Charl.— Ist..
47 <2
38
!02S Cln. Wash.
2d8
3d8
118
9
A
Bait.— IstB,
S-s
.
BONDS.
Allegh. Val. -7 3-lOs, '9 J
7s, K. ext.,1910
Inc. 7», end., coup., '£4
Ashtab. A Plltsb.- l8t,68
122
15
Ist.
««,reK.,1908
BMytd'e Del.— liit,08,1902
Sd. «». 18H7...
Bell - i:a,. -iKt,78, i898!
l,!i60,320
1,600,143
1,029,181
98S,9i'2
897,361
955,545
770,190
56-22
60-81
INCOME ACCOUNT.
662.959
57-51
644.598
59-71
1881-82.
1882-83.
1883-84.
1884-85
$
$
770,190
662,959
644,598
199,668
263,774
188,750
263,781
212,427
301,410
0.
603,08-5
ot op. cxp. to carn"a
Nct ear ninss
DiA urseni ents—
663,085
2d8
No. Central- 4'.js, J. A J.
68,1900, A.
6s, gold. 1900, J. A J.-..
68, Series A
.5fi, Seriea B
Pittsb.AConells.— 78JAJ
AO
117
10Sl>
102^
101=8 101 '«
64
35
120
Virginia
88
A Tenu.— 6b
8686
104
80=8
103
ft
Rentals
pniil
lr9,1.^9
Interest
on debt
Miscellaneous
227,088
89.931
17,715
Total dl.sl)'ments
Balance, sur. or clef.
503,893
159,102
1st, g., J.
2d,irof., J.
J
A
lOS
iod'..
i-j
126'
101
A J.
,
106
105
2d, tuar. by W.Co.,J. AJ
6s, od. guar., J .
J
A
Wllm.C.A Aug.— 6a
AH. A Weinon— 6s
.lit
.A^
Per .bare.
,
IIdJ^
7.
»
in detaalt
i Last
wioe
tlUa
'is.s'di
2i;287
27,780
477,S04
292,886
473,818
189,141
541,617
102,981
1882-83.
$
9
$
$
8,017,169
140,160
8i,311
8,7?3,122
109,680
78,502
1,8.59,4 63
26,426
9,006,241
129,591
83,687
•479.468
27,204
6.720
73,479
232,-tii5
23--',405
L.RK
88,". 97
88,097
12,998
91.090
Co.
25.0i'2
Miscellaneous items.
50,023
Misei-1.
liabilities....
Income account
llabitliios..
31.
1881-55,
7,512,722
113,718
74,332
Cash ou hand
Cbic.&E.IIl.RR.ext.
Total
LiabilUiesStock
Fund, debt (.=ee Sup.)
Bills payable
Other aceomits
Cps.A unclaim'd dlvs.
1883-34.
8,103,824
$
8,739,309
12,91.8
64.080
40,781
10,874.276
9,766.972
$
*
*
439,443
356.305
306,384
47,748
29,464
732,329
3,000,000
6,000,000
714,151
228.467
18,271
9,385
904,002
3,000,000
6,000,000
174,859
203,948
15,181
41,972
331,012
8,103,824
8,739,309
10,874,276
9,766,972
2,998,268
4,267,811
165,700
191,082
20.607
20,823
2,998,268
4,'^68,811
;
incomes, $33,192;
Mobile & Ohio Railroad.
(For the year eliding June 30, 1885.)
From advance sheets of the annual report, the following is
condensed. Mr. W. Butler Duncan, the President, remarks
that:
"The general merchandise and other miscellaneous freight
showed, during the four months from Dec. 1, 1884, to
March 31. 1885, an increase ot 16.239 tons, with a decrease in
earnings therefrom of |1 1,020, and during the other eight
months of the fiscal year a decrease of 28,496 tons and of
traffic
120
l-'3
VV.Md.— «s,
l'il.-l8t,88
i'di'h
123
116
*
.$
•Includes 1st consol. bonds on hand, $298,000
mlBCoUaneoua sccui-itles, $14H,2V5.
107 V
1:3
32»4
Union RR.— lsl,gna.JAJ
Canton eudorsml
•n».'.'.'.[
1
1,759,132
nshi
4
62
ColumblaA Greenv.— Ists
Schnylklll .Sav., prel..-
100
60
1st Inc., 58, 1931
Lehigh Navigation
Pennsylvania
•mr-iUviaond.
],692,2()(i
Total
—
2d
Companies..
WeetJersev
West Jersey
83
99
2d, 68. reg., 1907
ftalliniuro A Ohio 48
Ceu. Ohio.— 68, l8t,M.AS
Charl. Col. A Aug.— 1st..
8'i
L.— Com.
—am
Total earnings...
Expenses and taxes-
Evan.T.H.&C.RR
124'
schuylk. Nav.— 1 st,68,rg.
inc.
Newtown A N.Y
vv
110,0i'9
282.366
104,629
Srra-wn.4nid.--t
773 78
Atlanta A Charlotte
Baltimore A Ohio
100 167
173
136
lat prof
140
124
2d pref
6'
Paj'kersburg Br
50
7'a
Central Ohio— Com
50 60
54
Pref
Woalem Maryland
50
60
Pennsylvania
RAll.RO.^I.
284,668
82,108
281.847
82,705
Assets RR.,bTd'8,p(iuip.,&c.
Ace's & casli receivHe
Materials, fuel, &c ..
Bonds held
BAL,'rl>lltUE.
RAILR'l) STOCKS.tPar
Preferreii
Northern Central
North Pennsylvania
J.
2T2,--l-2
18S1-S2.
123
A Del.— Ist, 68,1888 78
Lehigh Nav.— 6s,reg.,'84 1083<
13212
Mort. RR., reg., 1897 ..
Broad Top
St.
1,213,148
OENEKAL BALANCE AT CLOSE OF EACU FISCAL TEAR, DEC.
7s..
Cons., 7s, reg., 1911
*
$
l,16.5,5n3
Dividends
99
1884-85.
1883-84.
l,S94,.-.80
RtceiDle-
A Pac— lat, 68,1906
Consul., 6a. 1905
Union A Titusv.— Ist, 78.
188r-:-3.
*
«
],S37,.5.-il
P.
Ches.
Preferred
A
1881-82.
Freight
PassenKers
Mail, express, etc
Net earnings
Tex.
Pennsylv.- 8s,cp., 1910..
Illinois.
be expected."
map of the comjiany's lines and connections will apjiear
in the Investors" Supplement issued at the end of the present month.
The statistics for four years compiled for the Chronicle
are as follows
E.VHXINGS AND EXPENSES.
Earnings from—
Gen., 78, coup., 1901....
41
65
& Eastern
(For the year ending June 30, 188.5.)
The annual report for the fscal year ending June 30, 1885,
has just been issued. The report is almost entirely statistical,
and the remarlvs of the President, Mr. H. H. Stevens, are
limited to a few paragraphs stating that during the year the
condition of the property has been stpadily improved. "The
equipment has been increased two passenger coaclies and one
hundred refrigerator cars, and in the road-bed and track 21
miles have been re-ballasted, 53,204 new cross-ties have been
put in and 11 8 miles have been relaid with new steel rails.
"On the 19th of July, 188), the new steel bridge over the
Ohio River at Henderson was opened for traffic, giving to this
company, with its connections, an unbroken rail line from
Chicago to all points in the South. As this line is the most
direct and shortest, a large passenger and freight business may
:
72>4'
CANAL BONDS.
Lehigh Valley
^
;12l
90
Sunb, Haz. A W.— Ist, 6a
2d, 68, 1938
Syr.Gen.A Corn.- 1st, 78.
68, P. B.,
35
1st preteiTed
United N.
j
W.JcraeyAAtl.- lst,6s,C. 107
Western Penn.—68, coup.
I'll
2d preferred
Delaware A Bound Brook
East Penn.'yivauia
Elmira A wiuiamsport.
Flttsb.Cln
ill8
120
7s.
1st, 7a, 1899
Cons. 6s, 1909
,
Preferred
Phlla.
PhJla.
Erie— Ist,
Westchester -Cons.
Catawi.^.aa
Hnntlugdn
A
ANNUAL REPORTS.
W. Jersey— Ist, 6s. cp.,'96 115
22
Preferred
Snnbury
100 100 V
13 >« la's United N. J.— Con8.68,'94
Cons. 6s, gold, 1901-Cons. 68, gold, 1908Gen., 4s, old, 1923..
WaiTen A F.— 1st, 7s '96
Allegheny Valley
Ashtabnhi A Pittsburg
Gap
1
98 "2
120
37
B.—
Ts.cp.
iPitts. Titiis. A
ShamokiuV. A Potts.— 73 124
8»,
bO
Shen. Val.-lst, 78, 1909
Gen'lOs, 1921
213^
Income, 68, 1923
128
Income, 5s, 1914
130'.
per copy.
at |1
A
V
Conv. 78, cp.ofiF, Jan.,'85
PUil.Wll. A Bait.—43.tr.ct
Pitta. Cin. ASt.L.— 78
110
21
I
Buffalo n'.V.
Preferred
108
57
A
16"!,
Louisiana A Mo. Biver-.
Preferred
SlOO
Maine Central
Marq. Hon.'lii'nAOnton.
--Prefened
?-"
Metropolitan
B't
Mexican Central
-.--Naabua A Lowell
N. Y. A New KuKland ...! 21's
Northern of N. Hampsh.' ..
Norwich A Worcester.-.
Ita
Old Colony
Ogdensb. A L. Chaniplainj .---.
Portland Sao Ji i-orism- 5121
18.4
Rotl.»im— f roterrod
Bell's
135
93
112
----
7,1906
Phil. AErie— lst.78,cp.'88
Cons., 6s, 1920
Cons., 5s, 1920
13'< 14
;3'0b
108 "2 Phlla. Newt.
N.Y.— IS!
itlver
CoriTPhil.A R.— 1st, 68, 1910.
2d, 78, coup., 1893
iitou
Cons., 78, reg., i911
c;.
.c Ko., preJ,
Dui
Cons., 78, coupj 19 11 •{50
£asLt'i'u. ila.^a
Cons.,6s,g., 1.B.C.1911
108 S;
FltcIiburK
Imp., 89, g., coup., 1897
12
Flint A Pfre Marquette.
Gen., 68, g., coup., 1908
77
Preferred
Gen., 78, coup., 1908
76
FortScottA Gttlf
Income, 78, coup., ;SS<8
130
Preferred
Cons. 58, Ist 8er.,c., 19'- 2
Iowa Fai's A Sioni Clty. 6i
Cons, ns, 2il ser..c., 19; 3
54
Sprlngf'd
K.in. C. C!in.
Conv. Adj. Sciip, '85-^8
Km. C. Siuliigf. Mem. 67
Debenture coup., 1893*
»5
Little Kock A Ft. SmithScrip, 1882
Cinn. Sandusky
COBCOTrt
166"
124 >a.
118
119
Perkiomen— 1 at, 88,cp.'87
itl6
west Micbigan-
OllCityAChic— Ist, 68..
Oil Creek— 1st, 6s, conp.Pennsylv.— Gen., 68, reg. 130
Cons., 68, reg., 1905....
Cons., 68, coup., 1905...
Cons., 58, reg., 1919....
Pa. AN.Y. C.-78, 1896.
Boston A M.iine
Ifl
Boston A Providenoe
Boston BeTcre B. A I-ynn 117
18ii'«
nished without extra charge to all regular subscribeis of the
Chronicle. Extra copies are sold to subscribers of the
Chronicle at 50 cents each, and to others than s-ubscribers
Chicago
138
2d, 78, reg.. 1910
Cons. 6a, O.&R., 1928.. 127 "a 128
64
N. O. Pac.— Ist.Os, 1920.
No. Pcnn.-2d, 78, cp.'Oe 127
11!9-..
Gen., 78, 1903
Debenture 6a, reg
"96 "a
Norfolk A West.— O en. .8k
93
N. B. Div., l8t. 68.1932
N. Y. Phil.A Nor.— Ist, 6S 10231 103H
43
50
Inc., 68, 1933
75
no
Funded Debt of States and Cities and of the Stocks and
Bonds of Railroads and other Companies. It is published
on the last Sattirday of every other month^viz., February,
April, June, August, October and December, and is furthe
Connecfg 68,cp., 1000-04
118>> Cor.Cowan&Aut.,deb.us,
1U8>1I Delaware— 68, rg.A cp.,V.
l8t.7«
J2<< Del. A Bound Br
.
ItJtjeXXifljetxJC*.
The Investors' Supplement contains a complete exhibit of
1904
Easton&Alnb'y—5»,
Connottoii Valley—bs
1910
Eaai'rn. Mass.— 6», new.. SlilS 122 /El.AWmap't-l8t,68,
6 s, perpetual
Tort Scott A Onlt— 78..
Harrisb'g-lst, 68, 1883.
K. City Lawr. & so.-Os
AB.T l8t,78,g., 1890
K. CltySt. Jo. A C. B.-Ts 123 !'J4
Cons. 58, 1895
Little^. & Ft. S.-7S, Ist KIT'S 10H"a
IthacaAAth.— lat, gld..7H
K. City Sp M A Mem.-Os lOl) 110
42>a 42^ Jaek. A Soulhe'm— l8t,63
Maxlcui Coutral- 7b
»
Gen., 6s
iBOome
71'. 72's Leh.V.— l8t,68,C.AR.,'98
-•
Sortp
I
%nilxa^fi
108
IIIH1II2
0.,'89
-- „^
Cons., 6 p. c
Cam. A Burl. Co.-Bs, 97.
Catawissa— Ist, 7s, con. c
Chat. U., 10s, 1888
—
OoDD.
Amboy—
Mort., 68, 1889
Atoh. 4 Topekn-lBt, 7»,
Landn-aiit, 7«...
Boston Sk Maine— 78
Bofttou A Albany— 7s •6s
SECUKITIKS.
Ask.
week.
$145,393 in earnings.
"The abrogation in November last of the agreement of
1883, among the several roads pouth of the Ohio River, ca
some demoralization of the Green Line business, and the
trunk line rates from the East during the contest between the
L.
N. and the E. T. V.
G. railroads at Nashville, for a
time involved the whole territory south of the Ohio and east
of the Illinois Central Eailro.id. To the low rates which
]
_
&
&
October
THE (JHRONICLK
10, 18*5.]
from this state of things may be attributed thw Iosih in
rcvenup with an increase of tonnage during the wintor. The
(iecrciuse in IxHh toniin(?(> and revonuodurins; thoothor months
can be accounted for by the short cotton crop and the d(>presresulted
*
sion in buNincss (generally.
"Tlie increasft in coal traffic was due to the 8hipm?nt of
44,868 tons from the Walker County mines, on the Cfcor^ia
Pacific Railroad, a newly-openod Held of excellent coal, largo
(luantlties of which are seekini? transi)ortation to the seaboiird.
This is a new business for our road, and wo are encouraj^ing
»
•
the development of it by exceptionally low rates."
"The increase in the (lassonKer traffic consisted entirely of
through travel and chietly of visitors to the Now Orleans
Exposition, who were carried at extremely low rates. The
number of through passengers was 16,994 greater than the
firevious year, and the increase in mileage was .'),0'J4,28.'), at a
ittle more than one cent per mile, making the increase in the
revenue tnerefrom )fr);i,374. The local travel decreased 13,173
passengers, with a decrease, however, in mileage of only
98,640 miles; but with a decrease of |32,573 in revenue, which
was due to the reduced rates from local points to New
Orleans." * • •
"The wharf bonds have been reduced by the payment of
The preferred in$10,000, leaving ouUtanding ^20,000.
come and sinking fund debentures have been still further
fund
under the proreduced by f-'")7,00(), c^arried to the sinking
visions of the dee 1 of trust, making the total amount in the
sinking fund on June 30, 1885, $107,000, and leaving $8,343,000
outstanding." » * »
As to the change of gauge from 5 feet to the standard northern gauge of 4 feet 8^ inches, the report says: "The labor
required to move the rail and to make the track safe for the
]>a8sage of trains was 1,873 d.ays, or 3,.554 days' labor per mile
of main line and branches. This labor was paid $1 50 per day,
making the cost of moving the rail $2,809 75, or $5 33 per
mile, which with $13 87 per mile for drawing and re-setting
spikes, adzing cross-ties, &c., before the change, and $6 79 per
mile for re-gauging and spiking after the change, made the
The gauge
total cost $37 99 per mile of road and branches.
of the roa<i is now of the standard width, and its access to St.
Louis, Chicago, and other markets north of the Ohio River,
from which supplies of meat, grain, &o., for the cotton region
are derived, is no longer impeded by the delays or burdened
with the expenses incident to breaking bulk or changing
trucks at Cairo and Columbus, Ky. and this advantage is
fained without imposing any additional transfer on such
reights to points east of our road."
Tlie comparative statistics for four years, compiled for the
Chronicle, are as follows:
01-ERATI-)NS AND FISCAL KKSOI-TS.
;
1881-82.
Tot. miles own'd&opor.
Op<fu(iott9—
527
1882-83.
527
Passengers cnrriert
303,9,52
300.725
PasgonKcr mlleMRe
12,409,125 13,335.>i25
Freight (tous) moved..
345,754
357,493
Freitflit (tons) mUcage. 75,184,535 75,330,860
Eaminiii—
Pnssenwrs
FroK'ht
Mail, express,
$
if
401,702
1,617,932
&c
Total gross oarniiiKS...
Operating expntsei
Malntennuic' iif wiiy.Ac
—
Mi>inteniiii(Poff(|iiip't.
Trausuoriation o-xptn's
Taxes
MlsecUaneous
Total
Netearnlngs
Perct.of op.ex. toearn.
144,640
126.720
2,164.274
2,271.058
$
Balance
527
2.'>4,\:=i3
625,438
651.972
65,1-1
176,280
1,602,145
1,641,024
1,547,467
630,034
72-26
INCOME ACCOCST.
731,450
1,576.186
524,839
6789
75 01
.^7.394
173,238
1893-34.
1884-85.
$
$
524,839
«62,129
630,031
731.450
45fi,0C0
4")6,0O0
106,000
150,000
1,626
471,200
265,000
616.626
562,000
8ur. 129 8ur.l3,408
4-52,400
.
Cincinnati in the next thirty days.
ArkanHOg State lioads.— The following
official
notice
l»;
published:
Tlie holders of all outntandlng lK>nd« of tbe State of Arkansa*. except
such as belong to the United Btateii Oovenunent, and tbose on depoalt In
the 8tat<< Treasury, are required to pre.ient the same to the .Scute Debt
Board, at the otlii^e of the Tre;isnrer of the State of Arkatitt^i-t. on or
before the 31st day of December, 188^, for the purpose of cxanilnatloa
anil registration, pursuant to an act of the General Asuombly of said
State, entitled *-Ari act to ascertain anl register the outstaudlag bonded
Indebtedness of the State," noproved April 2, 1885.
Kallrond aid, levee and Ilolford bondi are not regarded oapartoC
the State debt.
Simon P. HuoiiKS. Oovemor,
A. W. PiLKS, Auditor,
W. E. Wo()Dki;fk, Jr., Treasurer.
Dan. W. .Ioneh. Attorney-General,
State Debt Board of .Arkansas.
Brunswick & Western. The Atlanta (Ua.) Constitution of
September 27 said: " Some time since the Brunswick & Western was sold to the Central aud the Savannah Florida & Western companies conditionally. The condition was that the
purchasers were to have sixty days to examine the titles, and
if they were dissatisfied with the titles they had the right to
declare the trade off. The examination was made, and before
the sixty days expired the purchasers notified the owners of
the Brunswick & Western in New York that they were not
satisfied with the titles, and declined to take the road.
The
New York parties were very much displeased, as they were
anxious to get rid of the property, and they have filed a bill
to compel specific performance of the contract."
—
Buffalo New York & Philadelphia,— The receiver of this
company has perfected arrangements to meet the outstanding
interest on $3,000,000 first mortgage bonds, and will make
payment on or about October 10.
Carolina Central. — The board of directors of the Carolina
Central Railroad have voted to extend the road from the
present western terminus, Shelby, N. C. Work was ordered'
to be begun at once.
—
Operating
Expenses
Kel
Earning*.
$585,904
1830
618.-241
1881
976.71)1
1882
l.OU.OU
572.746
830,20)
1,.'>I7,707
1883
1,035,318
1.715,143
1884
Seven month-', January 1 to July 31 —
$307.0.(3
Tuxes.
.$tl.801
328.)^4'5
68,446
Earnings.
$^92,438
Gross earnings
Oiieratiug expenses
482,400
Def.4,750 8ur,42,439
Alabama New Orleans & Texas Faciflc Junction.—The
Mveral propositions mentioned in the Chuonicle of Oct. 3 on
p. 391 were adopted at the meeting of first debenture holders
London, Sept. 25. A special general meeting of the sh-ireholders of the company was held on the 24th ult. and passed
m
the following resolution
"Tliat tliB directors bo authorized to borrow or raise money for the
purposes of tli« ccinimny by the creation, and on the secnrlty of f'irther
SQOond bonds nr debentures to bearers or otlierwise. to rank pari pdsun
with the eJtisiing second debentures to the nominal amount of it;i>00.000 already er.-ated. with the san.e or a similar ehari;e as that given to
secure the txlHiing soeimd debentures; and to execute and Issue from
time to tunc sncli further second bonds or debentures, bearing interest
St sneh rate not exceeding 6 per cent per H:jnum, at such prices, tor
such cnnsiilcratlons. in such niauner, and upon such terms and conditions, as 1 he board may from time to time deterin nc.
Provided that
the total uonrfnal amount of further s cond b mhIh and debentures
etoated and iNsne4l by the directors under the powers given to tliem by
tbis|Aohition shall not exceeil £'200,000, without the sauctiou of a
company."
A press diiipatch from Vicksburg, Miss., Oct. 8, said
General Sui)erintendent Carroll, Chief Engineer Nicholson,
Master of Motive Power !Meehan, and the Superintendent of
Bpccfil resolution of the
:
441.298
S4,6.'>4
687,.506
8", 387
679,S2J
H5,0&S
18-<5.
1S84.
$1.01 f>..-f9-i
621,:!53
$874,756
604,179
Tncreate.
$140,637
16,973
8270,376
$123,633
$391,1.39
Net
Fixed charges: Rent of leased lines, $237,375; Interest on bonds,
al,
to
$517,475.
taiCB,
about
$90,000
$140,100;
Central of New Jersey. This company has decided to pay
the latter part of this month the defaulted coupons on the
;
—
&
Improvement Company bonds amounting
payment will leave the cotnp.any in default
on only its October coupons on the consolidated bonds amounting to" 1262, .^00, and on the May coupons of the debenture
bonds which are not income bonds with the interest dependAmerican Dock
736.200
GENERAL INVESTMENT NEWS.
—
i-.
Gross
22-i,291
.$
•
$
300.80i
0?4,799
50,955
169,114
$
t
:
$
42S,0Or)
1882-83.
I.'
from Vicksburg to Meridian. Thoy are m
work being done on the inclined for transfer over ^
gippi River.
On this side the work is advancing f
but is much delayed on Delta Point by the matrevetment put down by the United States fSov.
neer.
A largo steam submarine dredge, brou
imu
Cincinnati, was put to work to-day, anil it
it it
will be able to remove the obstruritions to a sutii
... ^; ,.Lli to
allow the caps to be put on the trestling. Dynamite waa
freely used to dislodge the mattress work, but it was no^
successful. The general officers are of the opinion that the/
will be able to run through trains from Shreveport, La., to
Central Branch Union Pacific. The only important
change made by the lease of this road to Missouri Pacific, is
to give a certain permanency to the arrangement which before
was temporary. The terms of lease are the same as heretofore; that is, the Missouri Pacific pays the net earnings as
1,712,923 1,5.'6,494 rental. The following statement is made by the Boston Tran152,900
140,636
script of the earnings for a series of years of the Central
2,278,917 2,101.025 Branch Union Pacific Railroad
463,106
562,129
74-03
Bridges and KuildinK* of the Queen A Crescent Railway ore
making final arrantmrnrnts for rH- .•-.--'•
the gauge on the VickHburit & M.-riilian
in the city
404,570
409,390
15,267.2^0 20,197,865
408,8S9
429,111
87,< 24,793 89,732.465
$
$
413,094
433,895
49.i,3'i4
Xeeeipli-
Total disbursements
$
527
1884-85.
487,958
293,584
596,234
49.926
174,441
1881-82.
Neteimilngs
Disbursements—
Iuten-«t on luort. bonds
Interest on incomes....
MUceilaneous
427,9(19
1,716,3?I9
1883-84.
419
to $12"),000.
This
ent on earnings, but a positive obligation.
Chicago & Eastern Illittois.— At the annual meeting of
stockholders, F. W. Huidekoper of Meadville, Penn., and John
M. Brookman and Ex. Norton of New York, were elected as
directors. The rest of the board remains unchanged.
Chicago Milwaukee & St. Pan!.— Notice is given to the
New York Stock Exchange that the Chicago Milwaukee & St.
Paul, having a-ssumed the payment of the interest on iheFargo
& Southern first mortgai^e bonds amounting to lfl.250.000,
application is made to place the sami on the regular bond
list and classified with bonds of the Chicago Milwaukee and
St. Paul, to be called Fargo & Southern assumed bonds.
Chicago & St. Louis.— The application for placing on the
list of the New York Stock Exchange $1,,500.000 of the six per
cent 30-year
"The
Ixian
ic
first
mortgage bonds of
trustee of the uio'
Trust (-onipany of N
Company was
oriraiiiz.'d
It'
this
"
company
•
stated
'
:
r—
•
'
the ireneral railroad liicorpiiMtioii ia\v> ..r t:ie > air n; ji
eompanv secured bv pnrehiise and deed nil the iiroporiy a-'il
of the Ciilciwo Peklu & Sonihwesteru Kallroad Company, ami
up and retired Into the hnmis of the trustees the only outstiiiidini; moilicige bonds ujmn this property, bclnK $1,000,000 of llrst tuortga^c 7 per
THE CHRONICLR
42P
Iwnefl
«i.t bonds
'
S;e-:^„o
1,„H
b^,n
& Sonthwpstern Eailroart
bem, .•a.K-cled. anrt the mort«a«e se.<«r>ne
au'I Klliliepiopf
».™rd. au;.^jdhl«;
record.
p
br tbe ChlcnKO Pehin
'vl'iclVilo.2 l,av«
Smpany i.^a
i...«n.kii»tHf]o
lot
«at,.fle ...f
Wewiwrii Railtoad C -mimuy
of the tru.too the only oMt«tamllng ,a,.ri^..Ke
Ist inort. binrtx ssnert hy
bSndVuwn I lis pn.nenv. behieSl.OO.'.OOO of b«ud,
also l'«ve been eaKK. Co..whicU
^Je8tern
&
toe CWc^^ok!! lin.I
of ff"'"Mled and lU- uiortjrane seenrii.g the Kaiue has been satlstlt-d
mmtKago
of
all
five
e.itlr«!y
,";.,...tle9
l«vlnK 'h' "e
"«"':-'"';T.','f.
Chiof the rlil
route
The .-oninletedmaln tra.k
,
Md relir.
hu?
1
Sparine ihU
he h
&
i,.l8
i.roi..'m lesuo.
tends from -he clly of
Chictt-.-o In
a 8onth.w. »terly
LaSalle
WuT^W of <".ok. buPa«, Will. Grundy.
a distance of
(11.
lo tbe i-lty of Prkiu,
1
clirectiou ihi''«K'i
"«
L'''"'f '.'""rnVb.dert In
52 miles. Inoliidert fn
refused to divulge the amount of bonds which had agreed to
act with them on the propositions, if any, received from the
Lake Shore
interest.
yorJi Lalie Erie & Western.— The statement of gross
and net earnings for elevtn months of the current fiscal year
is given below, by months, snd the gross earnings include 68
per cent of the earnings of the New York Pennsylvania
Ohio, leased line, the other 32 per cent of the earnings of that
The net earnings are correct as
line being paid as rental.
showing the actual results to the New York Lake Eiie
New
&
&
Oet. 1 to
April
Mav
earniiiKS and operatin;? expenses, January 1 to June 30,
ex1885, were as follows : Gross earnings. $131,389; operating
peiws, 133,-02 ; net earnings, $47,636. President— F. E.
Hinckley.
CleTeland Delphos & St. Lonls.— At Toledo, Ohio, October
the Cleveland Delphos & St. Louis Railroad, running from
Delphos to Carey, Ohio, was sold by United States Marshal
Goodspeed for $116,500, to the committee of bondholders rep7,
resenting the Pittsburg interests.
Denrer & Rio Grande.— The holders of car trust certiScates have now come into the reorganization plan, on a
modification of the method of settling with them. They are
nceive for the outstanding $3,476,000 of trust certificates
$600,000 in cash, and for the balance of the principal, new 4
per cent consols made equal to 5 per cents. To receive further
compenfation per each $1,000: For certificates bearing 6 per
cent interest. $200 in 5 per cent preferred stock for certificates bearing 7 per cent interest, $400 in 5 per cent preferred
to
;
stock.
the assessment on the stock, this is to be reduced
in case payment is made this year;
otherwise it will be $8, the additional two dollars being in the
nature of a penalty.
As regards
from $8 to $6 per share
—A
dispatch to the Cincinnati CommerKentucky Union.
cial Gazette from Lexington, Ky., said that this railroad had
been sold to a syndicate of three from Nashville, Tenn., three
from Star.ton, Va., and a number of New York capitalists.
The sale included 600,000 acres of timber and mineral lands.
The price was $800,000, which includes the at sumption of the
debts of the old concern $400,000. It is the intention of the
new company to rapidly build the road to Alington, W. Va.
—
—
Lonisvtlle & Nashville. At Louisville, Ky., October 7, at
the meeting of the stockholders of this railroad, 232,608 shares
were represented. By a unanimous vote the old board of
directors was reelected, with the exception of James Trabue,
E. H. Green, W. S. Williams and Herman Clark, who are
succeeded by J. A. Horsey, Thomas Rutter, Arnold Marius
and John H. Inman, all of New York. The following were
elected
President, M. H. Smith
First Vice-President, Ex.
Norton Second Vice-President, A. M. Quarrier Third VicePresident, E. B. Stahlman Treasurer, William D. Thompson;
Secretary, B. K. Warren.
;
;
;
;
Manhattan
Elevated.— The report
of
the Manhattan
Elevated Railroad for the year to S?pt. 30, 1885, shows that
the number of passengers carried was 103,342,243. The gross
receipts were $7,004,461. The number of passengers shows an
increase over last year of 6,639,622. The increase of gross
receipts was $278,101, and the decrease of operating expenses
$130,000.— Boston JoMrna?.
Mexican Railnray Subsidies.—The Boston Journal reports:
"City of Mexico advices state that the agreement between the
Government and the National Bank of Mexico has not been
signed, although a satisfactory basis was reached and the contract drawn up over a week ago. The delay has created much
comment. It is now known that Secretary of the Treasury
Dublain is delaying the execution awaiting the consummation
of similar contracts with railway interests. The Administratiion desires to treat the Bank and the railways alike, and is
opposed to any discrimination. The Bank oioacials are displeased, but public opinion stistains tlie policy of the Administration in this matter. Apropos of the railway interests it is
teamed that negotiations for the resumption of subsidy certificates are not only well advanced, but that resumption will
commence on the 1st of January on the basis of seven per
cent,- four per cent to the Central and three per cent to the
National. The Administration is generally believed to be
earnest in its desire for a renewal of payments on deferred
obligations. Its courte is favorably commented on by the
press.
It is taken as an indicution that customs receipts
are
pickmg up."
N. ¥. Chicago & St. Louis.—The first mortgage bondholders committee of the Nickel Plate Railway on Thursday
*» iI^'^k''*^ "*" Pi^PParation of a paper, according lo the teims
the hrat mortgage, asking the trustee to take possession
of
*''® mortgage requires that one-half of the
^"J^'*'^'^
Donanolders
shall sign a request to the trustee before
legal
possession can be gained. The action of
the committee was
eonsider.
Wall Street an acknowledgment that the committee hf|d secured the co-operation
of a majority of the
oonos. TJie members of the
committee have constantly
M
^
dm
Mch. 31
June
The
:
—
Western Company.
.
n S ™ator
Louis R^llwiiy Hlso owns two miles of wmpleted railroad fro
abmt li:*>
to Coalville, 'fh- inai.. line. Chicago to R-a.UnR.
"'",^^- Jf
*'"""«"";
yard.
to
the
pound?
ahouttiO
SI
wei>thinK
eel rails
laid Willi
The equipment 0°/'?'" "'
taK to P.k n ihe r»ll Is bf.th steel snd 1 on.
oars, l,»oo
Ihefollowii.K: I" locomotives. 6 baggage and pdssenjser
freight oars; valued at *7o0,000."
[Vol. XU.,
Oiosa Earningf.
18-3-84.
1884-8.5.
S9.3h7.1H9 $10,974,8-»1
-~
],7-.i7,134
1,4«9,<112
l,61.'i.:iB4
1.481,013
-Ifel
Earnings.
1884-85.
—
18d:<-84.
l,n69..5G7
l,4.ii,^>33
.7t-4.«:i9
July
l..'i6l,7'.J2
5
August
1,737.458
1.861,il3
$1,390,679
of issuing preferred
stock to pay off the floating debt of this company, and lake
the road out of the receiver's hands, is one of the best that
could be devised. The directors have issued the following
circular, relating to the proposed issue of preferred stock
Total 11 months. $17,098,907
$19,53J,058
$4,009,1)00
New York & New England.—The plan
;
Bo.'TON. Oct.
2,
1885.
To tboStookhnldois— Since your last annual meeting meat improvement lias been showu in the net results of lUe operation of your property by thft receivtr The gain in net earnings for the last two or three
months Is mainly due to an iiupioveaient in the general business
situation; and if this iinnrovemeut continues, the net earuings of your
property for 1880 will eipial or exceed lis fi.ted charges.
mr directors believe that llie time has now come to settle the floatine debt of your coinpanv, and to resume control of your property.
This floating debt Is siibstanllally *2.000.000. and it ispr.'poted to
fund tt by an Issue of 20,U()0 preferred shares at par for cash. This
dibi, as well as that already fimrtel. you owe as atockho.dcrs, and your
1 roperly i.s certainly worth much more.
The fljced charges for the current tl-cal year are about $1,150 000.
The net earnings -will he about $1,07.; ,000. For the year to come llie
charges will be about the same.
Nearly all the car trust certlflcates have been cxelianced for scaled
second mortgage bonds, and It is hoped ibat the trust may be wound
up by the end of the month. The matter is so far settled that it need
Y
no longer be considered an tmbarrastmeut.
Your directors, therefore, ci iifldcus of the future prosperity of the
road, have Fiibscrilied individually, and have voi«d unaiiimiiusly to
invite all stockholders to take these prefeirrd shares. In ihe propoitlon
of one share of preferred to ten of common stock. Under the acts of
the legislatures, accepted by yourselves at a special meeiing called for
the purpose, these prcfcrieil phares are eniltifd to 7 pi rceut cumulative dividends before any is paid on tlie common slock.
The subset iptiiiu aid payment of the entire amount will liquidate all
your floating debts, provide for coupon interest tailing due uu the tst
of Januaiy. and insure the discharge of the leceivershlp and the restoration of the properly to your own control.
By vote of the board, the option to take these shares la oflferf d to
stockholders of record October 3. and expires October 26, when, If alt
are not lakcn, your directors will be at liberty to issue the balance to
holders of tlonting debt, or to others at their discretion.
All subscriptions wil be considered void if an amount sufficiont to
accoinplisli the oi'Ject proposed is not obtained.
Payment In full to be matfc in cash on orbefore Octolicr 31, at the
Tie surer's oftlce, 214 Federal Street, Boston, when certificates will be
issued bearing dividend from Oct. 1, 1885.
Rights belonging t any number of shares may Ic afsigncd, and for
this purpo.-e additional blanks may be obtained at the offlce.
The trdiisfer books will be clotert October 3, and remain cU Bed until
further ordered by ihe board.
•
New York West Shore &
closure sale on Nov. 24 at
Chsonicle to-day.
Buffalo.—The full notice of foreNewburg, N. Y., is published in the
—
Nortb River Constrnrtiou Company. The following are
the reported terms of the arrangement under which the
Vanderbilt party obtains control of the North River Construction Company brexel, Morgan & Co. to pay $6,000,000 in their
certificates at par, exchangeable into West Shore 4 per cent
guar, bonds, for the company, free frum all debt, delivered on
or btfore January 1, 1886. The Ni)rth River Construction Com:
pany owes
unsecured debts,
Secured debts, $1,000,000
$4,000,000 total debts, $.5,000,000. The secured debt has been
settled dollar for dollar, cash, and the uflseeured debt at 50
cents on the dollar. '1 he total cash required to settle the debt
To pay this would require about $3,350,000 of
is $3,000,000.
the certificates at 90, and would leave $3,650,000 for the stock,
or 26'5 per cent in certificates, worth, at 90, 23'8 per cent in cash.
The company owns securities of $500,000 market value. Allow
one-half of it for receivers and legal expenses, it would leave
$250,000 for the stock, or a total of 20-3 per cent in cash.
The amount to be received by the stockholders depends on the
price of the Drexel, Morgan
Co. certificates and the amount
of expenses under the receiver. An arrangement has been
made whereby the certificates to pay debt claims wiU not
come upon the market in order to realize cash.
:
;
;
&
&
—
Tbe annual meeting of the stockholdOhio & Mississippi Riilroad Company was held at
Cincinnati on Thursday, and the following directors were
elected for a term of five years: A. Oracle King, George C.
Magown, Charles R. Flint and James Renwick, all of New
York. The board of directors re-elected Captain W. W. Peabody of Cincinnati, Presideiit, and William M. Walton of
New York, Secretary. The vote for directors was unanimous,
146,585 shares being voted. The report for the year ending
June 30, 1885, shows gross earnings to be $3,641,467 operatOhio
Mississippi.
ers of the
;
expenses. $2,670,736
fixed
net earnings, .$974,731
charges, $1,073,900 excess of fixed charges, $99,168.
As
compared with the previous year, this shows a fiecroase in
earnings of $493,969, a decrease in expenses of $612,665, and
an increase in net earnings of $118,695.
ing
;
;
;
in
Oregon Improveuteut Company. — Gross and net e^rnlngs
August and for nine months from Dec. 1 were as follows
.
OCTOBBB
10,
THE CHRONICLE.
1885.]
.ivgmt.
.
1
Oro<H pnriilnss
OpeintliiK o'tpouaea
Net
carnliifrs
R8iV
.
I
H8t.
.—/>«. I
1MM4-A
lo A Uft.
«1,-^
She Commercial
18*4^-4
927n,> 03
2u&,4i>4
«27Ul!20
$;,0t).<,l«U7
1)12.4 -111,3144
'J:2,IUt>
l,U.U,l;4
^II.IS,)!^
«70,109
«17,010
9117,523
<»17.7a»
421
'45imc8.
COMMERCIAL EPITOME.
Pennsylrniilii Sliitin^ton & Now Fn^limd.— Countwl for
the M.!irii|K)lit:iii I'riist (Joiu|>uiiy of Nd»v York mide iipplioation to J(i:l);o HuUcr, in Uw United Stiitea Circuit C'ourC in
a receiver to tiiko
Philik'lelpliia, for the appointment of
Pennsylvania.
clmr>;e of the property
The prfK-eeiiliig
is aii'illiary to the recent a|ipointinent of a receiver for the
roiiil by Judge Nixoti, of New JerMey, arigin^^ from de'aulted
interivsi up )n coiiBt>lidate(l bonds.
Friday Nioht, Oct, tt, 188.'5.
UnseaBOnably mild weather has been followed by a temperature so low as to bring snow in northern and frost in ralddia
in the Northwest the autumnsowD wheat ta
1 ititudes, and
m
r. ported injured.
The higher prices, which have attended tb*
improved aspects of trade in many articles, hitve in •OOM
degree checked the progress of business, but in no essential
riilladelphin & Kouding.— The seven trustees ap|K>iiited to
impaired the better condition of affairs and there U
degree
fornuiUte a plan fur tlie reorgani/.ation of the Philadelphia
& Heading Uailroad Company, having been unable to agree still every prospect that the season will wind up in a manner
upon any plan, calle 1 a meeting of all the intere»t8, to be held reasonably satisfactory. The recent improvement in the coal
Oct. 9, to formulate some plan of reconstriiciion adap'ed to trade and the active siieculation in railway securities have
the circumstiiuoes. Tlie principal object of th>^ meeting, a
done much to strengthen confidence in trade circles.
large holder of tlie securities of the company said, was to
L'lrd futures have been more active fur speculation, and
ascertain what eic'i creditor was willing to accept and to lay
the groundwork for putting in motion the machinery of prices, from sympathy with corn, have been at times quite
foreclosure.
strong. The close this afternoon is at 6-30c. for October,
Portlaud & O^densburg. The Committee of the Portland 6'28c. for November, 6'27c. for December, 6-31c. for January
City Council hiving the suoject in charge iias reported a plan
and 6-37 for February. Spot lard bas further recovered and
for the voluntary reorganization of the Portland & Ogdensburg Riilroad. It recommends that the present capital stock closes at 6'30c. for prime city and (t'33.g6-37^c. for prime
be retained, the city of Portland having a majririty interest Western. Refined for the Continent is quoted at 8 (Joe. Pork
there n that the first mortgage upon the Portlaud Division, has been firmer, closing at $9 50@$10 for mess and 11
75^
f
which does not mature until 1900, be not disturbed that a
Cut meats have been variable, the most
$l'Z .50 for clear.
loan of ^;i.jO,000 ha made to retire receiver's certificates and
floating debt, interest to be at 5 per cent, and the amount to important change being a decline in pickled hams to 9@9)^c.,
be given preference in a new mortgage.
while pickled bellies arc steadier at 6@6^c., shoulders 4){@
'Wo propuKC ilie Is^iie of 2. 'year bonds, eeonred by it lunrtKaKe on 4^c. Smoked meats are unsettled. Beef unchanged. Tallow
th« wliulo line, fir .iSJ70,iiuO. or a fr.ictinn over 21 per ccni nf the
Butter firmer at 16@24c. for creamery.
aiiiounc line on ttie soaoiid luortgii^e «'Oud«, the btiml.s to bear interest
easier at .5@5|,8C.
ai tlie r it« of 2 p r cent per aaniiiu for the tti-st tliree yeiira, 4 per cent
for llic next twelve years, and » percent for the HCict tlvc yrars. This Cheese also firmer at 6>^@ 10c. for State factory. The number
We also propose tup. Issue of of swine slaughtered at the princij^l Western towns from
lutere.ic iliu road can easily piy.
$l,MO, OU ill prffuned 8to k. til it being th« full am. lunt uuthuriZMl.
Tnli Biofk will be enrltleil to reneife any surplus earninv'S above ttxed March 1 to September 30 amounted to 3,920,000, against
oharices, to tbe niuouni of 6 per eetit per annum, any cxeess bciuK at
3,37.5,000 in the Bbrresponding period last season.
The folloirthe ill posal of the h ililera of oxiimiu stoek after two divirtenda. Pro
vlled the bolilnrs of thi emifOildKCil bonus and utnecurcd debtn will ing is a comparative summury of aggregate exports from
aooept of a fair pereeTita;;e of their ol.»im« in sellleinenr thereof, we
October 27 to October 3
propo:4e to Irtsiie to Chem preferred stock. The prop trttoii of this issue
'
;
—
;
;
:
whieh the eity of l*ortlaod would tie entitled, after tbe
pavuient of tne la»t-m ntinned claim<. might deprive it of a iiiijoiity of
8«id mook, Imt, r.'eoifi'lzinif the pioiiriety of the city of Portland always
retuiuiiig coiitml of t.iis property, we propose that $760,001 of the
pri'feried stncK b^ l<,<ued to tho city of Porrland, and the balance, after
aitJusruiK the cUims above mentioued, shall be divided pr.i rata aiuouK
the private tiou'ihoidHr;'." * * - *' The total iudebteduess of the road,
«heu Ml a<M istid. wnl bo at follows
$?0i).000
Fust iui>r.)?itfeo,i P.irtlaud Division
3i0.000
MortKit&ta •111 wli.ile pr.iperty to sejure l«t Hen pref'd boudj..
BJUd^ lu lieu of prc.ient 2<i lUorlgaKe bonds
9 70, 00
Of Htoek,
18?4-8%.
lbs. 4y,71tJ,20)
lbs. 414,046,021
lus. 271.2i5,»o9
t.1)
:
<
Pork
1883-84.
34,<i;)3,800
Inc.
15,082.400
32^,vs31,UDti
Bauon
luo. 9:^.^1 1, U26
Lard
2u7,llu,556
Inc. b4,l:i(>,43J
Coffee on tbe spot has been fairly active, but at prices
favoring buyers, and the quotation for fair cargoes Rio is
reduced i-^c. to 85^c. The speculation in options has been
quite animated, closing to-day with buyers at 6-93c. for Nov.,
7c. for Dec. 7c. for Jan., 7'lOc. for Feb. and 7*15c. for March
Other coffees have had a fair sale. Rtw sugars have been
.
Total
8^,1'.
0.000
i
Roi;hester & Pittsbiirgr. —The sale of this road was postquite dull, and close slightly lower at 3»^@3 9-16c. for fair to
on October '6 for several days.
good refining and refined has favored buyers at 6^@7|^c.
Scioto Valley.— Representatives of the committee of first
monga^e bondnoUlers of the Scioto Valley Railway Company for hard and 6J^@(),^^o. for soft white. There has been mure
eay, regarding the recent suit, th it the trust-'e has removed doing in molasses. Teas have sold fairly at auction. Rice is
the case from the State Court into the United States Court, held higher, in view of smaller supplies present and prospecand Mr. Huntington has moved to remand it to the State
tive.
Court. Question will be argued immediately.
Kentucky tobacco has been quieter, the sales for the week
Shenangi) & Allegheny. In London it is stated that an
agreement h is b<?ea arrived at between tiie representatives of being only 200 hhds., of which 150 were for export, but full
tlie bi)ndUolders in America and England for terminating the prices are maintained.
Seed leaf tobacco has been less active,
receivership and for carrymg through a foreclosure and but business was good and prices are well sustained. Sales
reorganization.
for the week are 2,057 cases, as follows: 200 cases 1881 crop,
South Peunsylrania. la tbe gr«>at injunction suits to Pennsylvania Havana seed, 8@15c.; 500 cases 1881 crop, Pennprevent the tiaiisferof the South Pennsylvania and B(»ech
Creek railroads to the Pennsylvania Railroad, the testimony sylvania seed leaf, 8@ll^c.; 93 cases 188;} crop, Pennsylvania
is given in Pnilidelphia before Examiner John H. Weiss.
seed leaf, private terms; 214 cases 1881 crop, Pennsylvania
The witnesses are nearly all prominent railroad men, and for seed leaf, 6@ lie; 300 casas 1881 crop. New England ivana
tbe defend mts it has t)eea admitted that the bonds of the Bed14@25c.; 300 cases 1834 crop, New York State Havana
ford & Bridgeport Riilroad to the amount of $.j,C0O.O0O, seed,
guaranteed 3 pi'r cent interest by the Pennsylvania (Com- seed, private terms; 250 cases 1881 crop. Little Dutco, 10<9
pany, had been pUced in the hands of Mr. Pierpont Morgan 13c., and 20O cases 1851 crop, Wisconsin Havana seed, 16@
as Cull it'-ral for the purchase of the securities of the South 25c.; also, 350 bales H ivana, «0j.@|l 15, and 200 bales SumaPennsylvinia, hut special stress was laid by the witnesses on tlie
00.
fact that tlie purch we was made by the Pennsylvania Company, tra, $1 2.5@|1
Tbe speculation in crude petroleum certificates has been fitand not by the Pennsylvania Riilroad Company. Tho former
corp ir tti >u c mtrol-t all of the railroad's connections west of ful in tone with more activity and prices showing wider
Pitt.-fbui-g.
The purchase wa< made by the Pennsylvania fluctuations.
The tendency, however, bas bt^n' slightlyCompany because it is contended tint it is not a competing upward, and the close this alternooa is at tfl 01,^9$ 1 01)^;
line with the Suuth Pennsylvania, and, therefore, dues not crude in bbls. quoted at 73^@7^c.; refined in bbu. lifiJ., aud
come under the law lorbiddiug the puri-hase of one competing in cases 9)^@lu!'gC.; naphina 7>'4C. Tue speculation in spiricil
line by another.
turpentine was uecidedly strong early in the week with sales
A di.-tpatcn from Chamhersburg, Penn., Oct. 5, said "A for Dec. at 36c. depression followeo, but the close is again
Bhort lime ago the contractors along the S mih Pennsylvania dearer at 85c. on the spot, with 35>^@86c. bid for the next
Riilroa 1 received word from the American Construction three months, and sales at 86%o. for pac. Rosin is unchanged
Co np.iny asking what amount of money they would take for at fl 02@f 1 10 for common lo good strained. Reports from
the work done on the road by them. They sent in their Bwton say business in wojI has continued active, large delivfigures, and on Saturday word was received by tliem that eries on previous contracts having been made.
their propwitiuiis had been accepted and they were ordered
At the Metal Exchange this week busines has been without
to Oiscoutinue worlc on the tunnels at once."
important feature.
Ooeaii freights have been depressed the speculation in the
Texiis & .St. L lais. H >1 lers of binds, slnres and readjustment trustees' cash deposit certiticates of Texas & St. li^ain market has checked shipments. Ltce engagements
Louis Railway Co. are no itied that in view of the small include, corn 8>^d. to London and S}i 1. to Hull. Petroleum
amount remaining outstanding, the committee has concluded, charters aro iu better demand, ana recent charters include
until (urttior notice, to forego payment of charge for later retiued hence to Hamburg and London, Ss. l>{d.: naphiua to
Ezmoutb, 2s. 7d.
deposit referred lu in its notification of the 18tb ultimo.
poneil
;
—
—
H
—
:
—
;
;
THE CHRONICLE.
422
COTTON.
Friday, P. M., October 9, 1885.
The Movement of the Ckop. as indicated by our telegrams
ftom the South to-night, is given below. For the week endinp
this evening (Oct. 9), the total receipts have reached 193,107
bales, against 159.063 bales last week, 114,873 bales the previous
week and 84,743 bales three weeks since; making the total
receipts since the Ist of September. 1885, 627,2.35 bales, against
6S0,959 bales for the same period of 1884, showing a
decrease since September 1, 1885, of 8,734 bales.
at—
Seeeiptt
Qalveeton
OrleftUB...
Mobile
Thuri.
Wed.
rues.
5,613
4,061
4,833
4,932 10,010
Indiauuia, &e.
New
Hon.
Sat.
3,057
1,159
6,866
1,224
9,887
1,532
e.'jgo
8,405
5,781
—
5,236
869
8.181
1,343
5,972
6,890
....
3,833
Cbarlesion
Pt. Boyal, Ac.
34,746
....
.--.
Brunsw'k, &o.
Tolal.
5,247
?,9T0
5,613
4,020
3,571
477
935
Moreb'd C.,&o
Norfolk
712
2,005
695
1,073
••>•
..-.
....
....
1,613
5,387
?,-238
3,679
4,437
..>>
....
....
....
22
....
....
WeetPolnt.&o
New York
£o8ton
Ealtlmore
.•.
....
....
....
....
....
10
194
....
73
Si
PMladelp'a, &c.
40,969
1,294
26,176
247
247
1,048
55
4,124
9,414
6,673
53
22,475
9,414
22
14
27
11
367
Totals this week 22,429 38,101 31,218 24,539 31,442- 44.078 192,107
For comparison,
we give the following table showing the week'
and the stock to-nighv^
and the same items for the corresponding periods of last year
total receipts, the total since Sept. 1, 1885,
1835.
1884.
to
TliU
Oct. 9.
Week.
QAlveston
...
Sine* Sep.
1, 1885,
11,109
6.604
1,939
40,969
1.294
26,176
Mobile
Florida
Bavannab
Br'8w'k,&c
Charlebton..
247
Pt.Royal,<!i!c
WUmlDgtou.
6,673
55
22.478
9,414
22
M'beiidCiii
Norfolk
W.Polnt.&c
New York..
Boston
Baltimore
14
367
.
PbUadel'a,d:(
Total
Sitwe Sep.
1, 1884.
Week.
124,535 26.424
781
877
104.318 44,68!
19,662
8,376
4,99S
2,079
169,629 43,476
2,345
C93
96.791 33,20f,
l.OOt
5o
20,948
7,143
160
45
34,746
Ind'uola.iiEc
New Orleans.
TMt
192,107
StocK.
I
I
BeeeipU
1885.
Beeeipltat—
|
Mobile
Bavannab. .
Charl'st'n. At
Wlhn'itfn.Ac
Norfolk, Ac.
All others...
1886.
109,919
4,903
100,926
22,465
6.135
163.464
2.327
53,965
42,887
60,926
7,3:6
66,465
73,135
67,090
109,l-i3
,'57,4:3
59,484
1V3
21,768
274
14,198
16,049
26,504
20, '.39
5.5.995
16,586
30,01 S
12,947
118
494
374
93f
29
22,\7H
79
7,529
403
4,277
100
91,077
3,863
3
977
5.24(i
2
50,20,'
55,071
6,310
10.475
5.613
6,310
3,813
5,f.0J
fi30,9-.9
390,390
34.716
41,109
6,604
40,969
26,423
6,728
31,892
3.63U
1883.
1882.
I
33,765
34379
17,092
40.215
31,764
5,179
3S,106
6.63ti
we
1881.
1880.
20.592
49.864
11,316
24.802
42,541
14,849
33,918
33,538
7,024
42,662
36.1ti3
24,969
5,524
3J,775
9,834
8,9fc3
192.107
205,313
228.89:
206.136
191,056
210,367
Blnce Sept.
627,23,'
630,9.50
T13.Sfi5
C8
795,613
903,125
;,97(.
'°*'-" '^' '' *^« OonUn:m,ThUe''the
iS^Wm^Seuo'tJf
^^ evemng are now 390,390 bales Below
i^/fhL
«e the exports* ?P
for the week and since
September
1,?885
From
Stpl.
I,
4,628
None.
11.305
None.
6,3110
14.fiOO
12,0(j0
.Voifolk
Other ports
Total 1885.
Ooatt-
26.998
1,233
2,000
None.
None.
8.000
14,520
48,909
11,838
146,256
244,134
5,S92
38.291
73,648
13.614
12.447
131,430
229.764
376,9t8
2.000
7,63^
9,000
6,000
None.
None.
None.
70,989
73,633
36,905
4,604
None.
4.200
l,f)92
None.
200
1.500
4,500
2,0S8
2,517
29.3O0
29,200
28.H1
1(M39
13S00
Total
Total
1884
1883
l.=.,270
138. 27"
The speculation in cotton for future delivery at this market
has shown considerable animation during the week under
review, but there has been a check to the advance in prices.
On Saturday and Monday values improved materially, owing
to the much better foreign advices and reports of damage to
the crop by the excessive rains in Georgia and the E iStern
Gulf States, followed by light frosts at various points. But
on Tuesday prices began to give way under sales to realize,
w hich were stimulated by reaction abroad, a decline in silver,
better weather at the South and the favorable construction
which was put upon the report of the National Cotton
Exchange for September. A partial recovery took place in
the closing hour of Wednesday, and yesterday the market
was variable and unsettled, closing slightly dearer a slightly
improved demand finding few seller.^. To-day there 5vas a
further small advance, due to the better market at Liverpool
and the small receipts at some of the interior towns, which
promoted a speculation for the rise. Cotton on the spot has
been quite dull; the demand for home consumption has
fallen off.
Yesterday quotitions were changed from old to
new crop, with old cotton rated }ic. better than the same
grade of new. To-day the market is quiet and unchanged,
middling uplands, new crop, closing at 9 13-16c.
The total sales tor forward delivery for the week are 533,300
Dales.
For immediate delivery the total sales foot up this week
4,203 bales, including
for export, 3,703 for consumption,
for speculation and 1 ,500 in transit. Of the above,
bales
were to arrive. The following are the official quotations for
each day of the past week.
—
—
isns. u, Oct. 9. 1885.
—
NEW OELE ANS.
UPLANDS.
Oct 3 to
Sat.
1
Mon Xuea
Ordln'y.^B)
Strict Ord..
Hood Ord..
71.1,61
713,6
.-to
8-4
K'4
9'l«
97,6
H^
91 1«
G'd Ord
9',.
LowMlddV] 9%
9'lfl
9%
9i5,,i
715,6
H3h
93,6
9»16
9'1«
9^
916,,
TEXAS.
non Tuea
Sat.
»'fl
716,6
83r
93,6
9»in
9'fl
101,6
103,6
9">l^ 101,6
Orleaoa
oblle
riorlte.
loC
.
Wed
OrdlnV.^tt
Wed Th.
Tb. Frt.
^
'"16
7>3i,
Ord
8
Oood Ord.. 9'16
Str. G'd Ord
97,6
93, „
Low Mldd'g 9%
91s
Str.L'w Mid 916,6 911,6
Strict
9V
715,6
83e
93,6
<"ia
.
813,(
9i,«
Frl.
iWed Tb.
711,8' 715,6
711,6
8i«
815,,
I
BtrlotOood Ordinary
Low Middling
Middling
*
lb.
I
SAL,IS»
SPOT MIRRKT
ClX>gKl>.
Frl.
Sat.
I
77,8
813
8'6,a
99„.
jnou Tnes
7'?,8
8ie
MlttA
77,6
'
Th.
Frt.
'16
8%
8I6„
8i5,e
99,6
90,8
hli,.
8'1,6'
7»8
8II18
99i„
96,6
96l6
I
SALES,
of SPOT AND TRANSIT.
Ex-
0<m-
port.
sump
Spec- Tran-\
ut't'n
.,
,
VeUv-
,
^ot<^-
tit.
triit.
\
Vork...
Firm
Boston
....'
....'
Kirin
...
Qiii.-t
PliUiuleip'a,&«
and steady
t^Ui't
*
Toui..
.
..,j.,riB rruiu
I
711,,
t>
STAINED.
Sood Ordinary
Wllmtntaon.
Noitoiki
tuuiuuw
9''8
Slg
Si«
838
81s
S15„ 8I618
816ie 93,8
99,6
96,6
95,6
96i«
9I>8
968
958
978
9\
9^s
9iS,g
911, e 101,6
913^
!.l:'l.
913,0 101,6
MlrtOllug.. 101,6
9i:(,s 913,j 103,6
915,6 915iell03,„
916,(
9l6ie
Oood Mid.. IOI4 10
10
10% lOlg 1016 !ll'38 11 ^ 1016
Sir <4'dMid 107,6 1103,6 103,6 109,6 105,6 106,6 |109,6 106 „ 106,8
Midd'g Fair 013,6 109,6 1(1»,6 1015,6 1011,6 1011,6 1015,. lOl-K
.. 10" 18
Fair..
ll''l8 113,6 118,6 119,6 H5i6 II616 '11",,
li6|6 lllBi g
BaTttnnah
Obnrloston*.
'
838
93,8
9»18
The total sales and future deliveries each day during the
week are indicated in the following statement. For the conveaience of the reader we also add a column which nhows at a
glance how the market closmi on same days.
OalTSBton..
BalUmora
71^6
715,6 715,6
83«
838
H3r
93,6
93,6
93ie
99 6
!<9|8
99,6
9 '8
9'i
101,6 101 16
101,
103,6 103, „ lOS,,.
101,8
101,8 10',« 103,6
103,6
IOI4
lOSg
lOii
103^ 1(|38 1038 lOsi"
8tr. G'dMid 107,fl lO',. 101,6 lf.9,„ 109,
109,6 109,6 lii»,« 109,8
Midd'jt Fair, 1013,6 lOls.p 1013,6 1015,6 1016,6 1015,6 1015,, 101S,6 1015,.
Fair
Ill7,„ in,„ il7,,' 11»,. 1119,
119,i 119,; 119,6 ll»I«
MiddliUK... 101,8
Good Mid IOI4
MARKET AND
New
Mob Tn«(
Sat.
BxpurUd U)—
New
Stock.
Total.
urite.
33.927
7,156
28.123
43.935
25.346
6,447
77,277
21,923
10,7(10
2(1,335
361,194
Tot. this w'k
1
Galveston
Str.L'wMid
27.301
44,681
8.376
43,476
33,261
7.188
33,086
7,944
200
6.700
9,832
8avaunab
8tr.
1884.
Leaving
Other
Great
Fratiee.
Foreign
Britain.
New Orleans
Mobile
Cbarleeton
(Ml. 9.
627.23- 20.5,313
I
On Shipboard, not cleared—for
AT—
Oct. 9,
—
1884.
In order that comparison may De made with other
years,
give below the totals at leading ports for six seasons.
Qalvest'n.&o.
New Orleans.
We
1,939
1,939
7,031
1,294
5,269
— ..
\l'llmln^toD
41,109
6,604
7,892
XLl.
In addition to above exports, our telegrams to-night also give
ua the following amounts of cotton on shipboard, not cleared,
add similar figures for New York,
at the ports named.
which are prepared for our special use by Messrs. Carey, Yale
& Lambert. 89 Broad Strset.
Sew York
Florida
Bsvannab
Fn.
[Vol,.
;
~
k...
n- iDCide. «.pur.. fSi p.^ri
wiitliSi't.'^
steady at
Sloiidy
I4
deo.
....
....
....
....
.
800
451
726
....
....
3lsi
1)29
....
....
477
2.7112
1,500'
2,0f0
4M
72ii:
-Zi
..
•..
....
1.500
Tlie dully du:iv«nn.s >civ«., « .,,vo »n>
ocually
p evioUH to lUai nu wliluu tii. y are reported.
9'
,r
12.i.()..0,
S.
.7....
319 !-7.->.l(l
229 44 :l'<0
177 58 8">'
4.20'
?i'
dellvj4\Mi
200
eoo
iOO
iOO
l.MVO
the day
OOTOBBR
THE CHRONICLE
10, 1885. J
Thb Salkb akd Pbiobs or Puturbs we shown by the folloiriiK conipreliuimive talilo. In the Htateiiient will be found the
daily imirkiit, the pricw of sales for ejich month each day, and
tho rldHinic bitla. in aililition to the daily and total galeii.
423
Tbunday errainK. But to ouka the total*
Bgurea for to-nixht if )nt. 0), we odd th« item '
(he United tatee. inoiuding in it the exports of
to
IB"**.
^
.
Atook
at Liverpool
Btook at London
..
'
r_
.y
4
i3|f f2l| ^lll ?3t|
li?| li-sf
.'?
c
>oo ^oS^l
^
5l|
im m^
J"*
ST"
?
«
«-•
:
CJ*
bales
Total Qreat Britain atook
Atook at IlaniburK
Stock at Uremen
Btovk at AniHterdam
Stock Ht IC'irtinlum ....
.
mnnMo
from
1S84.
4i.0>0
i I H.OOO
6<1!»,000
690,000
4. 700
.1-<,1()0
2.:«>0
88. H )0
3H,000
2-j.ll,i0
517.300
3,&00
31.300
7.MO0
JO
1,400
Stock ut liurcelona...
Stock at Oenoa
Stook at Trieste
121,000
4,000
87,000
10,000
0,000
rotsl CkiDtinental atoeks...
240,100
Total Kiiroiican Btookii
(ndia cottim afloat lor- f-;urop«.
Amer'n
colt'ii atloal for lUir
0«7,400
4 '.^.000
pe
1
:
3.300
1
rille«...
y,
ih ooo
HI,y.W
cioo
34,201)
!(U,000
000
I
fl.'.-'v
i
l-ii2.
115.000
1,XOO
176,000
7,000
86,000
11,000
10,000
StO.
IHii.i.
2:i,0<Kl
t-rp....
.
,
roi.uoo
400
i
-A
t
•
SH'i.ooo
,A00
8t<n
Ktt
tti^
<
i:
E){y iit,Iirazll,.*ii-..allt for K'r'pe
T,0(!0
StocH 111 United Staliw ports ..
Stook In U. 8. Interior towns..
United States exports to-day..
3!H),3nj
ea-'iso
H,<n;()
3:i.0<K)
8,000
11,0 10
10,000
3.22,800
230,300
202,000
SOl.-JOO
83>j,300
1AI,000
30,000
815,2iS
12»,d»4
22.000
,%.^,!t7l
20,S3J
ft,000
in.ooo
80,000
163.000
13,000
361.104
•
-23.000
!..'>
Tt.i'Mil
Dll.OOO
15.200
Tot-1 visible supply
1,320,212 1,586,165 1,800,132 t,;31,00S
Of Che above, the totals of American and other descriptions arc as f ollows=
—
American
Uverpoolstock
bales
;ontlnontal stocks...
Imerlcan afloat for Europe.
lalted States stock
Jolted States Interior stocks,
lolted States exports to-day.
Total American
Batt Indian. Branl, <ce.—
Uverpool stock
liOndonstock
273,000
1.^3.000
12:t.000
1.^3.000
l(i3.000
3UO,390
6»,58D
20,«33
361.104
515.'2:i-(
S.'i.OVl
12t>,^«4
lS,2t.O
22,000
144,000
88.000
160.000
3.>0 157
72,^49
31,000
1,013.812 1,021,305 1,2>5,832
830.708
*0
311,000
127.000
ir.l.ooi
231,000
13^,000
23.000
90 430
42,000
7,000
214.000
44.000
112.300
114.000
30,000
202,000
81,300
114,000
177.000
16,000
306,400
564.800
544.3 '0
1,013,812 1,021,36S 1,255.83;
680.300
Oontinental stocks
India afloat for iJurope
EKypt, Brazil, a^c, afloat
Total East India,
Total American
257.000
O.i.OOO
169,800
86,000
13,000
8 50.70 J
1,320,212 1,58-!,165 1,800.132 1,531.006
Total visible supply
5:i,»d.
PriceMld.UpI., Liverpool....
^^sd
O^ 1.
6% L
9ia,ec.
lOo.
lO^i.
Price Mid. Upl.. New York....
ll'so.
BIT The imports
into Continental ports this
week have been
11,000 bales.
The above flKuree indicate a decrease in the cotton in sight
(o-night of aOo-O'iS bales as compared with the same date of
1884, a decrease of 479,920 bales as compared with the corresponding date of 1883 and a decrease of 210,7U4 bales as
compared with 1882.
—
AT THK INTEMOK TOWNS
the movement that is the receipts
since Sept. 1, the shipments for the week, and
the stocks to-night, and the same items for the corresponding
pariod of 1884 is set out in detail in the following statement.
week and
for the
—
52 S£.2
^ — 5' 3' .^ o*
o 3
f-
f-
.i
t
--?°55&l>.»?i|--,<?-'-
S."
1-5
lh»\ Pa*
P
§13-: ?:
zi'
C<3
»0
tto
tt
C.
*.
^
cw
!>;
Owi'
C; C C —
c;
O C Ci
WC
Ni *' -«
J. Cil-3
c. if'
if*30
•
>^ C;
—-
1
-I
X C -I W tC w 11:
to
^
fi-
C'— X'WV
-I
-
c:ȣ-
CMC
O
o C S O '- t* C Q
Ci
U
O
kV M O W 30 OD
01
in
i-i|Me0AtUODtfh*'r-* O
ts*
CO
!
I
-»
1
'l*.bs"-'tc!x-«:bc'.cCTCTcrj*x1:'iu'to
"--
*-
® -^ w «• X c
r. tc '- li
u ic r- 1^ ij c tv
00*
-^i
If*
i
OM^IccOwr.vi&jto
t->
00
CD
^1
*-
ui
o
;
;
w
^oc<a3-^tc.
CO
W^M
CD
CO ifk F- OJ
Oi to
(-»
--
M
#*—?:»-•?&
•"!
ICtO&tOQC^tCOCdfcC*
h-
X M IC
10 ^^
-M
CO o* ca
MM— 50^
--.
U
c
*,s t>t
eo
C2 ;^
I
II
I
ICH-XVCC*.*.©:
rf"©aD©-'^al^l^crc^^>lt»ac»-c
tr
O*.
o x <i — X 01 :p
ji
ro -I
C
— ex
ca
.^
I-
i^
*
g'l*.
fv
MM
;
rfi.
«C
Mncludes
Si.ptcmber, 1835, for September. 130,200.
mclutled in tne aouve Cable, aua ouali uuiiilone each
wefk to ifive, the averaee iirioe of futures each aay for each month It
will !« f.mn.l luiilop each aav f<illowln»t the abbreviation " Aver." The
avc
'b month for the week In alHOKlven at bottom of table.
OrilcrH 41iitiinl:iy, USO •.; .Monday, 9-8.5c.; Tuesday,
9Ht
-..111}
9-f<0(j.; Thurwlny, a-'jCo.; Friday, 9-SOo.
saleii In
GT" We bave
'
<-•
«^M»OMiM>ca 1=
M
aoV-Vy^i'>r©
U-mIuU^'i^^o: cixcn'—
©
* -o ^K Ci w X ci X -^ * "» ^" M u * :^
10
tX *. Oi -J to »
•»*oJl^UL'O>^O*0^''lp*^~l^®~-lUei'^©^<
-I'.oxto'wCcci-'
'-5
^ M—
^ -J C *^ CD
35
t>3
rg
M M *'*^^z^i^^?
Vt^0»O"J»M|O
*; -^ "^
O W •*! X M to Vm
CO'-^ ©
y«©r)'^-^'3:o.c»to*Jf*-4WX^2^^'>
**
*•
Vm
V—
CI -O CO
*•'» »^ •"! •"•
*4j o^a^oicrttxtf*'
-^
:^
:.-i
.
Ci
0103
X N( :o c « -^
<y'
-J to *-
I-" Jti
o® ©
I
'
Ml
,
:
The following exchanges have been made during the week:
•11 pd. to excb. 100 .Mar. tor Apr
•li pd. tooiih. l.iOOot. f >r J;iii.
12 pd. to c.XL-li. 100 Jan. forFel).
•09 ud. to ejc.U. aoo Ucc. for Jan.
The
il
I
|
-11 pd. to cxclu
300 Mur.
pd. to cxcb.
-OJ pd. to oxch.
l,-2 rO
-ii!)
5J0
for April.
Doc. for .Inn
Nov. for Deo.
|
wcpply of Cotton to-night, an made up by cable
is as follows.
The Continental stock?, as well as
those for Ureal Britain and the afloat, are tliis week's returns,
consetiuently all the European iigurea are brought Uow n
VisiBLii
•nd teloKraph,
^d
* a c; *•
-
o<
coxes''-'
This year'8
•**
ti ^_
iif;iircs
"co
^
estimated.
The above totals show that the old Interior stocks have
are to-niirht 13 Hts
anTe(i.v«rf during the week 13,475 hales, and
The receipt* at
bales more than at the same period last year.
less tbin tne saaie
the same towns liavo been 4l!< bfUea
receipts at all the
last year, ami since S;Hit<mher 1 the
towns are Ci,420 bales more than for the same time in 1^4,
week
THE CHRONICLE.
424
QUOTATION'S FOB
MiDDUNO COTTON AT OTHER MABKETS.-
middling
below we give the closing quotations of
^ the table
for each
Southern and other principal cotton markets
•otton at
d»y of the past week.
Week ending
OeloterV.
SklTesUm
CUMIKO QUOTATIONS FOB MIDDLISO COTTON OSSatur.
96,.
.
Vew Orloans.
a»kUe
tmbunah. ..
Cbarleaton .
Wttulugton..
p»,«,
9>4
Bntolk
9^
BMton
1U>4
9»B
B^Uiuore....
lUIadelplila.
JkSgnBta
H«mpUiB
». Louis
Mon.
10
B>:«
9\
«%
9H
!«%
1,%
938
.
9%
9 '4
...
CkicinnHti
IwiinvlUe....
938
9>4
96,8
9»9
91b
9i«
10>4
f<H
10>9
FH.
Tuet.
Wednet.
Thura.
93b
938
939
96i„
93a
96,6
96,8
9H
9k
9k
96,8
9S8
96,8
939
66,6
938
96„
96,6
9Vi
67 8
9i%
9%
96,6
9%
(.12
9>ii
Ink
10k
9>Si«
1016
9<«
96,«
»3e
9'3l8
Si'"
96,
e
9\
951
10k
lOk
913i«
lOis
9'i«
10>«
913,8
9ii<i
94
4.%
95h
9k
938
9^9
9%
9%
9%
9%
93»®'8
iCBCEiPTS FROM THE PLANTATIONS. —The following table is
repared for the purpose of indicating the actual movement each
weSfrom the plantations. Receipts at the outports are somelimes misleading, aa they are made up more largely one year
reach,
tlwn another at tlie expense of the interior stocks.
llierefore, a safer conclusion through a comparative statement
the following. In reply to frequent inquiries we will add
ftat these figures, of course, do not include overland receipts
or Southern consumption; they are simply a statement of the
•weekly movement from the plantations of that part of the crop
wbicb finally reaches the market through the outports.
BEOEIFT8 FBOM PLANTATIONS.
We
&e
fVoL. XLI.
Tue thermome ter has
Picking is making good progress.
langed from 60 to 86, averaging 73.
have
days
been warm, but the
Weatherford, Texas.— The
nights cool, during the week, with no rain. Good progress is
being made in picking. No frost yet, but narrowly escaped it.
Average thermometer 64, highest 85, lowest 44.
Dallas, Te.vas.—We have had no rain all the week. Days
warm, but nights cool. Picking is progressing finely. The
thermometer has averaged 08, the highest being 83 and the
lowest 53.
We have had no rain all the
iVew) Orleans, Louisiana.
week. The thermometer ha< averaged 70.
Shretepurt, Louisiana.— Te\eg:rtim not received.
Viokshurg, MissiisiPf.i.—The weather has been dry all the
wet k. The thermometer has ranged from 49 to 77.
Columbus, Mississippi.— It has rained on two days of the
week, the rainfall reachiog fifty-six hundredths of an inch.
The thermometer has averaged 70, the highest being 78 and
the lowest 43.
Leland, Mississippi.— The weather has been pleasant
during the week. There was a light frost on the 6th. The
thermometer has averaged 60 4, ranging from 43 to 78.
Little Rock, Arkansas.— It has been cloudy on four days of
the week, with rain on one day, the rainfall reaching fiftynine hundredths of an inch. The weather has been excellent for gathering crop?, and work in this direction is being
vigorously pushed. The thermometer has rangtd from 43 to
75, averaging 59.
Helena, Arkansis. We have had rain on one day and the
remainder of the week has been pleasant. The rainfall reached
two hundredths of an inch. Average thermometer 60, highest
—
—
74 and low, st 44.
have had showers on three days
Mem,phis, Tennessee.
of the week, the rainfall reaching two hundredths of an inch.
had
BecttpU at au Ports. ^Sfk at Interior Townt. Rec'ptafrom Plant'm. Picking and marketing are making good progress.
W«tk
WHMmi- 1863. 1884. 1886. 1883 1884 1885. 1883. 1884. 1886.
a light frost on the morning of the sevetith, but no damage
done. The thermometer has averaged 62, the highest being
33,808 I«,SS7 80,085 63,576| 16,884, I7,30b S7.728 :6.859 27,160
»»pt. 4
74 and the lowest 49.
" a
64,348 18.684 63,0SO 58,986 20,427 25,384 fl9,7_ai 46,187 61,156
had rain on three days in the
Nashville, Tennessee.
- 18
96.ei8 80,73;! 84,713 75,179 24,317 34,B71 113,009 84.627 94.333
early part of the week, but the latttr portion has been clear
- »
186.C32 118,463 114,873 105,778' 38,155 62.542 155,63 130,301 132.351
and pleasant. The rainfall reHched tw, nty six hundredths of
165,461 168.721 109.683 187,636 4»,497 71,88a 197,211 182,063 179,063
•*. 8
an inch. Piolsirg is making g od progress. The thermometer
- e
J83.6841210,010
228.867 205.3131 192.107 181.915 68,108 89.78i 266,8
has averaged 58, ranging from 40 to 72.
shows
statement
1.
That
the
total
receipts
from
The above
Mobile, Alabama.— It wjis shuwery on three days in the
since
September
were
plantations
1,
1885,
701,170
bales:
die
early part of the week, but the latter portion has been clear
1884 were 681,833 bales; in 1883 were 839,634 bales.
and phasant. The rainfall reached thirty-three hundredths
2.
That, although the receipts at the outports the past week of an inch. Picking is progressing finely. The thermometer
were 193, 107 bales, the actual movement from plantations was has ranged from 49 to 81, averaging 65.
SIO.OIO bales, the balance going to increase the stocks at
Montgomery, Alabama. During the early part of the
tke Interior towns. Last year the receipts from the plantations week we had rain on one day, the latter portion, however, being
for the same week were 233,934 bales and for 1883 they were pleasant and clear.
The rainfall readied nine hundredths of
SS6,276 bales.
an inch, and the thermometer has averaged 65'6.
have had no rain all the weak. T he
Amount of Cotton in Sight Oct. 9.—In the table below
Selma, Alabama.
we give the receipts from plantations in another form, and add thermometer has averaged 66, the highest being 77 and the
to them the net overland movement to Oct. 1, and also the lowest 50.
takings by Southern spinners to the same date, so as to give
Auburn, Alabama. The early part of the week we had
aabstantimly the amount of cotton now in sight.
rain on one day, the rainfall reaching one inch and two
hundredtns. The remainder of the week has been clear and
1885.
1884.
1883.
1882.
pleasant, and picking has made good progress. The therecclpts at the ports to Oct. 9
127,235 630,959 713,885 682,976 mometer has averaged 63, ranging from 50 to 77.
kterior stoolcs on Oct. 9 lu
Macon, Georgia. It rained severely on two days in the
excess of September 1
73.935
£0,893 115,759
79,190 early part of the week, but the latter portion has been clear
Tot. recclpte from planta'tns
701,170 681,852 829.624 762,166 and'pleasant. The past four days the weather has been fine
Bot overland to Oct iber 1
2J,910
12,391
19.2.35
17,680 for picking.
Joatbem congampt'n to Oct. 1
29,000
28.000
30,000
28,000
Columbus, Georgia.
had rain on one day early in the
clear and pleasant. The
Total In sight October 9
753,080 722,2,3 878,859 807,846 week, but the latter portion has been
—We
We
1
j
—We
i
(
—
m
—
—
—We
—
—
—We
rainfall reached one inch.
The thermometer has averaged 61,
the highest being 71 and the lowest 48.
Savannah, Georgia. It has rained on two days and the
It will be seen by the above that the Increase in amount In sight
remainder of the week has been pleasant. The rainfall reached
to-night, as compared with last year, is 30,837 bales, the decrease
sixteen hundredths of an inch. The thermometer has avercompared with 1883 U 125,779 bales and with 188 i, 54,76d bales.
aged 67, ranging from 54 to 82.
Weather Reports bt Telbqraph.— Our telegrams from
Augusta, Georgia.— Dnring the early part of the week we
the South to-night indicate that in almost all sections the
had light rain on two days, but the latter portion has been
weather has been quite favorable, and that picking has made
clear and pleasant.
The rainfall reached forty-two hunKood progress. The temperature has been somewhat lower, dredths of
an inch. Picking is making good progress and
mt there has been little or no rain.
planters are marketing their crop freely. The thermometer
9alveston, Texas.— We have had no rain all the week
lias ranged from 44 to 81, averaging 63.
Average thermometer 73, highest 83 and lowest 57.
Atlanta, Georgia. It has rained on three days of the week,
Indianola, Texas.— It has been showery on three days of
the rainfall reaching forty-three hundredtlis of an inch.
Ke week. Picking is progressing finely. The thermometer Weather
perfect.
Average thermometer 60, highest 73 and
aas averaged 73, the highest being 84 and the lowest 59.
lowest 44.
Falestine, Texas.— The weather has been cool and dry aU
South Carolina. It has rained on one day of
Ae week. Good progress is being made with picking. The theCharleston,
week, the rainfall reaching thirty-one hundredths of an
crmometer has averaged 64, ranging from 45 to 80.
inch. The thermometer has averaged 68, the highest being
Huntsoille, Texas.— The days have been warm but the
ights codI during the week, with no rain. The thermometer 82 and the lowest 55.
Stateburg, South Carolina— Ornxng the early p.art of the
tea ranged from 44 to 83, averaging 69.
week we had light rain on two days, but the latter portion
Luting, Texas.— We have had no rain all the week. Piokbeen pleasant and clear. The rainfall reached four
Ag makes good progress. In some sections caterpillars have has
hundredths of an inch. The thermometer has ranged from 45
rttipped the foliage, but in others there are prosnects of
a top to 75, averaging 02 '2.
oop if frost 18 delayed. At all events the yield'will probably
Wilson, North Carolina. Telegram not received.
*able that of last year. Average thermometer 73, highest
The following statement we have also received by telegraph,
*
W, lowest 60.
showing
the height of the rivers at the points named at 3 o'clock
Columbia, Texas.— '^o rain all the week. Picking proOctober 8. 1885. and October 9, 18.'i4,
OMses well but the crop will be short. The thermometer
wayeraged 70, the highest being 84 and the lowest 53
Oct 9, '84.
Oct. 8, '85.
menham, Texas.—There has been no rain all the week
Feet. Inch
Feet. Inch.
18 progressing finely.
The thermometer has averaged
New Orleans
3
13
Below hlgh-wat«r mark 12
2
*
W, ranging from 53 to 86.
Meiupbis
11
12
Above low-water mark.
8
2
- 3
NaKhville
Above low-water mark.
2
2
Bhreveport
10
1
Above low-water-mark.
2
•celt, the rainfaU reaching
sixteen hundredths of an inch. ViekBhiirir ...
n
a1>ova low.wrptAr-n.nrV
l^
11
1
Vortbem
spinners' takings to
Octolier9
I
171.770
139.3.3.5
189.269
—
167.503
»
—
—
—
H^g
OcroBKB
THE CHRONICLE.
188S.]
10,
New Orleans reported below high-water mark of 1871 until
Sept. 9, 1874, when tne z«>ro of f;au(^ was chanRod to hinhwater mark of April 1.5 and 10, 187'1, wliidi is 6-lOtlm of a foot
above 1871. or 16 foot above low water maric at that point.
425
Thh Cotton Crop.—We have received from Memn. Ma<ldax,
Rucker & Co
of Atlanta, Oa., a box of soggy, rotten,
,
sprouted cotton bolls, as Himples of the effect nf the longIndia Cotton Movkmknt from all Pouts.— The reueiptB continued rnins in that section. A letter also this weak
and shipinonta of cotton at Bombay have l>een aa follows tor from Mr. J. M. Lewis, Tullalegd, Ala., is in much the *am«
the week atid year, bringing the figures down to Oct. 8.
strain, claiming very great harm to the crop.
have no
BOMBAT BCGBlFTt AMD SUirMBNTS FUB roUB TBAKS.
doubt as to the accuracy of all these reports, but the question
is, not how many bolls have dropped off or sprouted, but how
\Shipmenli lht$ week.
Skipnuntt tine4 Jan. 1.
ReeetplM.
many are left on and how many will mature. When a plant
Oreal
OontlThlt
Sine*
Tear, Oreit ConliTotal
Vtek
Jan 1
iBrifn Hen(. Total lirilain] Hent.
reaches the middle of August in excellent comlition, it is
635.000 2.000' 1,000,000 pretty hard to kill it or even to largely impair itn frultfulneis.
18R.%'
2,000 2.000 21i».0 to l(ili.(l)n
oo i',)8.o(«) ii:t.],()oo 1.128,000 .•«,(>oo .."ift.-i.ooo Of course, however,
mHl' 2.000 7.000
it mu.«t have subsequent warm and dry
h.ooo uH.ooo soj.doo
7,0110
We
1
1
1
1883
2.000
e.ooo
1,251,000
3.000 10.01)0 7.^7,000 <108.00a 1,3<W,000
18821 7.000
l..^7<^ooo
5,000 l.«32,000
According to the foregoing, Bombay appears to show a
deorfosb compared with last year in the week's receipts of
1,000 balex, and a decrease in shipments of 7,000 bales, and
the shipments since January 1 show a devrea.ie of 4l;t,000 bales.
The movement at Calcutta Madras and other India ports for
the last reported week and since the 1st of January, for two
"Other ports" cover Ceylon.
years, has been as follows.
Tutioorin, Kurrachee and Coconada.
SMpmenUfor
8Mpment$ Hnee January
(A« wtek.
weather to permit recovery.
If, therefore, the remainder of
the picking sesson should be favorable, we anticipate that our
friends will think lietter of the crop later on. No one expects
that
will in
it
is
OonU-
Britain.
nent.
Oalcuttn—
1885
1884
....
Oreat
Total.
Continent.
Britain.
as follows;
1
Total.
18.000
42,700
59.CO0
82,500
.
77,000
125.20'
M»dra»1885
1881
All others—
1885
1884
0,000
46,000
0,000
10,000
4.000
2,000
10.000
12,000
1885
1884
6,000
10,000
4.000
2.000
12.0 wi
The above
totals for the
o.oot
46.000
49,000
23,000
51,0
51,900
100,000
74,900
Total all-
119,000
iso.ion
10,000
week show
Bombay
67.000
186.000
fi.'>.7nii
546. 100
movement from
that the
3,000 bales less than same
week last year. For the whole of India, therefore, the total
shipments since January 1, 1885, and for the corresponding
periods of the two previous years, are as follows:
the ports other than
is
EXPORTS to SCROPB FROM ALL INDIA.
1884.
1885.
1883.
Bk'vmetitt
lo o.'I
ThU
Bine*
ThU
week.
Jan.l.
vieek.
2,000
10,000
885,000
186,000
9,000 1,128.000
12.000 246,100
12,000
S7 1.000
21.00o! 1.374 100
Europe
from—
Bombay
All other porta
Total
Thii
week.
ainee
Jan.
1.
ainee
Jan.
1.
8.000 1,251.00*
2.100j 159.000
10.100
1.4
10.000
This last statement affords a very interesting comparison o f
the total movement for the three years at all India ports.
Alezamdria Receipts and Shipments,—Tlirou^h arrangeCo. of
ments we have made with Messrs. Da vies, Benacm
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Kgypt. The following
are the receipts and shipments for the past week and for tht
orrespondinj; weak of the previous two years.
&
;
there not
.^Itlioiii^h
Great
any event come up to the August expectation
room for a gooti yield of cotton even yet?
National Cotton Exchanoe Rei-ort for September,—
The National Cotton Exchange issued on the 0th inst. ita
report on cotton for the month of September, summarizing it
but
,
the
month
to llin croi>, aiul the
r,'
of Septeiiibpr has not been altogether farorable
I>fMii loss from nheddlne, rtist and rot. and In
has
Boine «ccti-ns from cateriiillaro, Iho koo<1 foundation on which the crop
routed at the close of AukiisI lins stood In the way of iidvcr«e clrcumBtances, and the yield proMi!Be« tobemiieh larger than la.st Heaaon. The
mouth, however, elotieH iijtoti much uncertainty, and In many aeotiona
eorre.-^IwndentH rufcr to the yield an dependent upon favorable pick*
luK weather, and such ag would develop and «;ivo wiiatever of the crop
has been promised. The July fruiting wan excellent nenrly all over the
belt. The August fruiting was largely lost by shedding ana the top
crop is l)y no means assured anywhere, though It may come out better
than Is now fcupposed. Worms have appeared extensively, but the
damage lias been iiroporlionately less than usual, owing to the rank
growth of the plant, and in many 1 >ea'.ltles whoie they have sMlpped
the leaves It has been considered an advantage The premiiturc opening
of the bolls and the siuailnese of the fruit have been tonim(Mited on, but
the latter fact may be attributed largely to an over-aoundanee of the
frultnge during Iho early part of the sea-ion. If. will lie Totlced that the
conditions have been more eijually distribute d this year than lust, and
Tlie
tlie iniTcase in crop prospects extends neatly over the whoie beir.
condition Is now 1 1. oed at 87>s, against 91 last mouth and 75 last year.
Following are the Slate averagee:
188."i.
.8«.5. •84
1885. 1885. '84.
Sent.
Oct.
Sept.
Oel.
Oct.
<M
70
fO
7«
87
.Mlasissippi
91
75
90
65
65
80 Texas
80
87 ^ 75
80 A v'ge for the belt. 91
92
The Condition OF THE Cotton Crop.—The New Orleans
Times-Democrat of Friday, Oct. 2, published reports covering
Virginia
91
South Carolina.... 89
Florida
92
Tennessee
91
North Carolina.... 90
Georgia
94
85
^9
85
85
80
81
78
82
94
89
91
A1al>ama
Arkansas
Louisiana
85
SO
85
the cotton-growing sections, and showing the condition of
cotton on Oct. 1. The returns were commented upon editorially, as follows
"During the month of September, especially in the last two weeks,
the weather has been unfavorable in a large section of the cotton belt.
Frequent and heavy rains have prevented picking, caused seed to sprout
in the
oil, beat out the matured staple, and caused splitting of unmatured bolls. Thi.s has cut down the prospective yield since Sept. 1
In Loiiisiana. Mississippi and portions of Arkansas and Alabama. In
all
:
i
Texas, however, wlitre a largo percentage of the crop is raised, the
weather has been generally favorable, ami picking has jirogressed
satisfactorily."
Alexandria. Egypt,
October 7
East India Crop.— From the Bombay Prices Current
1883
1884.
1885.
,
Beoelpta (oantarg*)—
This week....
Slnoe Sept. 1
55,000
93,000
Sinee
week. Sept. 1.
Exports (bales)—
To Liverpool
To Continent
•
Total Enropa
A oaatar le 98
25,000
63,000
50,000
102,000
1
This
Since
week. Sept. 1.
Thie
Sinfi
week. Sept. '.
7.000
3,000
10,000
l.COO
5,000
2,000
3,000
1,000
6,000
2,000|
5,000
1,000
1,000
7,000
4,000
8,000'
6,000
Ibe.
This statement shows that the receipts for the week ending
and the shipments to all Europe
Oct. 7 were 55,000 cantars
1,000 bales
—
Manchester Market. Our reoott received from Manchester
give the
to-night states that the market is firm.
prices tor to-day below, and leave previous weeks' prices for
We
comparison.
1885.
8i« a*.
SMrtingi.
82( Oop.
d.
d.
Aug. 7 8»i,»858
"14 83i^a8»n
" 21 8S|(i»«»8
" 28 83i6»8a9
Sept. 4 !:i3i«a8°8
" 11 8»is«308
" 18 8Si«98<>g
" 25 8»i«a8«8
Oct. 2 SM asii,.
"
9l3'4»8Ili«
».
5
. d
«7 1
»7 1
7 «7 1
7 «7 1
7 •? 1
d.
7
5
5
5
5
5
5
5
5
7
5
8
7
7
7
8
1»7
»7
«7
»7
«7
1
1
1
2
2
OoU'n
Mid.
Upl'lM
8I4 Ibi.
Bhirtingi.
32t Oop.
IwUi.
Oolfn
Mid.
Vpldt
too much rain, aud of the latter e«peci<Ily considerable ro-sowlngs have
had to bo made. The prospeet-s of both growths, however, are goo<l if
the weather Is favorable henceforward.
—
Jutk Butts, Bacioino, &c. The demand for bagging has
been of a steady character since our last and orders are coming in quite freely. Tliere is not much call for large parcels,
buyers as a rule confining them39lve3 to supplying their present needs. Sellers are firm as to price and there is nothing to
be had below 9c. for 1'^ lb., 9 J ^c. for IJ^ lb., lOJ^c. tor 3 lb.
and lie. tor standard grades, while a few sellers are asking
a sliade higher. There have been sales of 2,000 rolls within
the range. A moderate call is reported for butts and some
business has been done in paper grades, soma 2.000 bales findin
light
Comparative Port Receipts and Daily Crop Movement.
—A comparison of the port movement by weeks
is
not accurate,
weeks in different years do not end on the same day_ of
the month. We have consequently added to our other standing
tables a daily and monthly statement, that the reader may
constantly have before him the data for seeing the exact relative
movement tor the years named. The movement since
September 1, 1885, and m previous years, has been as follows:
aa the
d.
5»M
5«,«
S'lB
5>i
5'l«
5'i«
67i,
.v.»
5'«
5>9
d.
d.
8»i,» 9H
89189 9>«
8>a1>9li,
8l»„» 9I8
8»,s» 9%
8»i„» 9'8
8li8» 9
8' «» 9
«.
d.
s.
5 8>aS7
5 Sija?
5 7>s«7
S 7>997
5 8'«»7
5 8>9a7
5
5
7
7
»7
W?
d.
l>a
1<«
OH
d
6i«
6»19
6>|«
OI9
6C
l>s
6'is
6>s
W
m
6
85u»
8'8 5
5'«»6 10i«
80l.»
S'q.'S
."Ma'fi
5"l«
iCol Ml,_
East India Crop Prospects.—By cable from Bombay today we are advised that crop accounts are generally very sat'sfaotory.
:
Bagging qualities are
ing takers at l?;i@17^c.
request, but are steady at 2@2Kc. as to quantity.
1884.
of
Sept. 1 we have the following
" Respecting the Berar crop, the piospeets at the moment oould
scarcely bo belter, atul with arasonaiile weather we may look for cotton
beginning to eoiue in eail.v iu .Sovenit)er. Bengals are reported to have
sutTore 1 a little from e.Kct sslve rain, and doalcrs are chary about selling
the liigher elisses fur eailior than J.iuuary delivery. Khiniloish promBroach and D.iciUer.i have bad
ises b.idly. owing to adellilcnt rainfall.
1884.
Sept'mb'i
385,642
Pero'tage of tot. port
receipts Sept. 30..
I
T45,445
848,812
326,656
428,7T
458,478
07 23
0709
05-43
09-10
073
THE CHRONICLE.
426
SHlPPiNQ
exports of cotton from the United
News.—The
returns, have reached
States the past week, as per latest mail
ports are concerned, these
50 958 bales. So far as the Southern
bv telegraph, and published
an the same exports reported With
regard to New York we
Chkonicle last Friday.
Thursdaj
the manifests of aU vessels cleared up to
m
Se
iQclude
night of this week.
Hbw
votalbaU,.
Chicago, 2.24lt
Tokk-To Liverpool, per steamer City ofHalle.v.
l.fas?....
.kniflBml, 3,163. ...Geimanio, 014..
12,575
K,';a(li.500...8erra, 1.727... Servia, 6S5.-.Siiii.8, ,,950
l,«HO
piTMeannrsOlran'o, 1.5W).... Salerno, 14K
To Hull,
ToGlacKow, ptrsieanur Etlitopla, 342
To Uuvic. iiKi- HUaiuiT Ainerkiue.Jie..... -......6?1 ....
To Bi-euiou' per eteamers Elbe, T 50. .Neckar,
To llMiiiburg, per eliamcia Moravia, (63....\Ve8tpnaiia,
.
.
^-^
1
.
750
750.... ............
To AiiVworp,' per eteaiuer Wi'steriilaiid,
820..
To (Joi.oH. prr ste»iii«r8 Biirftimdia. 100....Iniziativa,
atcami-r Actor. 2,t.n.^....-..
New Okleans—To !,1\ erpool, per
Upland
Strathmore.
75
steamer
per
BAVAKtiAB-To Liverpool,
--..•
(additional)
9v:0
2,431
75
5,920
Vnnni'r'\L'^A
........
To Bivmeu, prf ateamfr Marion. 5,920 Upland
CHABLKBroN-To Livori.ool, per Steamers Beiair, 3,100 Upland
The
200
,
particulars of these shipments, arranged in our usual
form, are as follows:
Hull
Hew
Livet vool.
York. 12,?.75
Bremen
alasgoic.
2,a32
Havre, burg,
a46 3,123
K.Orleans.
^.431
......
Bavaiinali..
7.t
5,9Z0
Charleston.
7.800
Galveston.
3.4-^2
2,41)8
WlliiiliiKton
Ant- Barce-
Hani-
<t
2,286
Total...
11.347
Total.
1.215
4,^99
2,486
200
950 1,215
920
50,958
Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to
the latest dates:
Gai.vestox— For Reval— Oct.
6— Steamer
—
BAI.TIMOKE— For Liverpool -Oct. 1— Sieamer Barrowmore, 3,331
Oct. 5— Steamer Peruvian, 1,559.
Pnii.AUELriiiA- For Liverpool— Oct. 8— Steamer British Prince, 500.
the past
week have been
8,000
1,000
7,000
8,000
8.000
Si>eo.&exp.
500
500
oOO
futures
Market,
Steady at
Firm at
1-Bl ad-
1-B4 ad-
Very Arm.
Easy.
Steady.
vance.
vance.
i2:30P,
M
Market,
4 p. H.
}
Satur.
Mon.
Do
6ail...d
Savre, steam.. ..c.
Steady.
So
sail
Do
eall....e.
....
->
....
38*
38*
%•
....
.-_
-•..
'16*
'16*
'16-
....
....
....
---.
....
.--.
88*
38*
38*
88-
451
45t
45
....
...
....
4ot
45t
45t
Do
sall...o.
....
....
....
d. ^s^sa* ^3932* ^»»a2*
Beva\ steam
«.
....
Do sail
>
Compressed.
»«!*
^33*
»ss'
'32*
5|8*
"le*
S|«*
'is'
t
»S2*
Per 100
....
....
l4»93Sj.
'4-ai932*
....
....
'sa*
»S3*
'32*
"is'
'16*
3l«*
",«•
',12*
'32® "4'
Bis*
3|«*
l4®932*
»32*
'32®
V
The opening, highest, lowest and clOBing prices of futures at
Uverpool for each day of the week are given below. These
prices are on the basis of Uplands, Low Middling clause, unless
otherwise stated.
^^
Tile priee.9 are given in pejice
and 6 03 means 6 3-64(i.
Of which exporters took ....
Of which speculators took..
Bales American
Actual export
Forwardeil
Total stock— Estiraared
Of which American— Estlm'd
Total Import of the week
Of which Atnerlcan
amount alloui
^Of wliifli AtTitTtf'tm
*
means
5 62
Man., Oct. S.
Sat. Oct. 3.
Open High Low.
0Ct.-NOT..
d.
(t.
rl.
5 27
5 25
6 27
5 23
5 24
5 25
5 27
5 29
5 32
5 35
5 88
5 27
5 25
5 24
6 25
Nov .-Dec... B24
6 23
Dec- Jan
5 27
t''eb.-March 5 26
March-Apr. 5 32
April-May.. 5 35
Jttn.-R"eb....
May-June... 538
Open Eith Lov>.
Clot
5 27
5 29
5 82
Tae*., Oct.
Clot.
d.
d.
d.
d.
5 27
5 23
5 30
6 27
6 30
5 27
630
5
5
5
5
6 2<
52;
5 27
5 20
6 32
5 27
6 29
5 32
5 30
5 27
5 27
5 27
5 29
5 32
5 34
5 37
5 40
24
25
27
29
5 32
5 35
533 5 85
535
588 5 38
5 33
5 41
5 3b
5 41
Op«n Rioh Low.\
d.
d.
5 27
5 27
6 27
629
6 82
5 34
5 37
5 40
fl.
Clot,
d
d.
5 27 5 27
5 23 5 23
6 25 5 25
5 25 5 85
5 27 5 27
6 80 6 80
6 S3 5 S3
6 36 5 36
5 38 5 39
5 27
6 25
3 24
5 25
5 27
6 27
5 29
529
5 32
5 33
6 32
5 35
538
633
:
1
I
625
6 24
625
8 27
Wednes
Sept. 25,
50,000
57,000
4.000
5,000
2,000
3,000
34.000
38,000
7,000
6.000
3,000
3.000
511,000 •487,000
344,000 *3 1 9,000
11,000
11,000
10,000
7,000
22.000
35,000
26.<iO<i
12 on'
Oct. 2,
,
Oct . 7.
Open High Low.
October
0Ct.-NOT....
NoT.-Deo...
Dec-Jan
...
Jan.-Feb
Feb.-Maroh.
April-.May..
May-June...
Ttanra. Oct. 8.
Open High Low.
Frl., Oct. 9.
Cloi.
Open
Higli
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
6 25
6 23
5 22
6 2i
5 24
5 27
5 29
3 32
5 35
5 25
6 23
6 22
5 22
5 24
6 24
5 22
5 21
5 24
6 22
525
5 21
5 27
6 24
6 23
5 21
5 23
5 22
5 24
6 27
5 SO
5 24
5 22
5 21
5 2j
6 24
6 27
5 26
5 23
5 82
5 23
527
621
5 24
5 22
5 21
5 22
5 24
5 26
521
5 25
5 82
6 21
6 22
5 24
5 27
5 26
5 29
525
628
5 30
6 30
5.S2
5 31
3 35
5 37
926
620
532
6 27
6 29
5 32
5 23
5 28
Cloe.
5!J2
626
29 520
5
5 32
5 32
5a5 633
535
627
533 533 5 83
5S8 6 30 5 88
6 30
5 33
3 36
623
5 22
5 23
5 25
6 28
5 31
5 34
5 37
5i;4
5 85
5 38
dot.
d.
5 24
528
5 24
5 36
5 38
BREADSTUFFS.
Friday, P. M., October
9,
1885.
There has been more doing in wheat flour, with some large
lines reported taken for export at rather better prices, but no
important advance has been realized, the improved demand
having been readily met. Rye flour and corn meal are
unchanged. Buckwheat flour has sold slowly and prices have
The
prices.
been
active
at
bull party has been favored by rather
sown crop
in the
and reports of injury to the newlyNorthwest
and the assumption that the
;
was
so deficient as to
make
a scarcity
the not distant future has encouraged speculation for
the rise. The higher prices have checked the outward move-
ment, but the milling demand has continued brisk. To-day a
buoyant opening in wheat futures was met by a dull spot market, and the early advance was mostly lost.
DAILY CLOSINO PBICBS OF NO. 2 RED WINTER WHEAT.
Wed Thurs.
Fri.
Sal.
lion.
Tues.
In elevator
Octoiter delivcr.v
...
November delivery
December delivery
97
97
9SI4
99\
\01H
January delivery
97
97
96158
9714
9838
97 •'U
9914
101
107 14
99''8
lom
107%
97I3
aa-^-i
99
99
100 >a
lOi
9s'a
10018
99
100
101%
10314
10914
lOlSg
10314
109 14
97%
10.) i^
3,,.-
Indian corn futures have been exceptionally buoyant with
considerable activity to speculation. It is declared that prices
lbs.
Sept. 18.
bales.
and GMhs, thus:
5 <52-64d.,
Mii.y delivery...!
—
week
Firm.
steady.
^18'
LrvKRPOOL. By cable from Liverpool, we have the following
Statement of the week's sales, stocks, &c., at that port. We
•dd previous weeks for comparison.
Bales of the
but
Quiet.
felt in
....
V
Firm.
Dull
steady.
yield of the last crop
38-
•fia*
v
508
better foreiga advices,
'w*
sail....*.
Barcelona,8tcam.e.
*Vi
'is*
Amst'd'm, steam. e.
Genoa, steam
e.
rleste, steam. ..e.
Aatwerp, 8team..c.
Ihwt.
'32-"e4' "32 >'64* 532-1164-
,
t.
Bremen, steam.. e.
Do
V
51s
5»8
had a downward tendency.
The speculation iti wheat futures has
as follows:
Wednea
....
....
38*
Quiet
but
(
advancing
Liverpool, steam d oja-uj^. 532-l't4*
519
5»8
69i«
511j8
—
freiaihts
Dull.
12.000
1,000
March-Apr.
General Roberts, 4.050.
Liverpool - Oct. 5— Steamer HiimUolrtt, 2,556
Oct. 7— Steamer Jamaican,
Oct. 6— Steamer Statesman, 4,337
2,976.
For Ai.twerp— Oct. 8 -Steamer Paris, 600.
For Malaua— Oct. 5— Steamer Volo, 3,000.
For Vera Cuiz— 3ot 6— Sn amer Estaban de Antunano. 798.
Oct. 5
Savannah -For Liverpool- Oct. 3-Steamer Deak, 4,525
Oct;. 7 -Ste.imer Elsie, 6,8i0.
Sti-amcr Golden Horn, 4,082
For Ui-val— Oct. 5- Steamer Albania, 5,300
CHARLEsros— For Liverpoid— Oct. 3— Steamer Locli Rannocb, 3,801.
For Genoa- Oct. b— Bark Nellie T. Guest, 3,230.
Wilmington For Liverpool— Oct. 3— Bris Aiisuste Sophie, 1,132.
Noitroi.K— For Liverpool— Oct. 8— Steamer Etiiiliaiio, 5,15^.
Oct, 3—
Boston Forljverpool-Sept. 2y— Sloaruer Missouri, 2, '230
Oct. 6— Steamer Palestine, 1,358.
Steaiut-r Baniaria, 656
HEW OKLEAN8— For
Cotton
Quiet.
Quieter.
12.000
1,000
Mid. Orl'ns.
Sales
550
•--•
316 13.618
Fnday
Moderate
demand.
5»18
51'16
2,431
5,995
9,015
8,021
2,408
......
--
2.332
5I2
553
Wednet. Tlmrsd'y.
920 20,052
7oO
650
Boston
PWladelp'a
Genoa.
lona.
vterp.
Tuesday.
Hardea'K- Harden'g.
Mid. Upl'ds
October
2,286
50,958
<£•
Market,
12:30 P.M.
550
--
Total
Satuntay Monday
Spot.
7.800
1,215
3,422
4,599
2,408
Evero^t. 4,400 Upland............ -...-.
l,21.'i Upland..........
Galveston-To LlverpO(d, per steamer SnatUeden, 3,422
To Biimen. per steaimr Empress, 4,599...............
WILJCISOTON— To Liverpool, per bark Geor/e Davis, 2,40H
Boston— lo Livervaiol, per steamer Catalonia, 550
Fhiladklphi*— To Liverpool, per steamers Britisli Princess,
1,458... .Indiana. 828
...
To Barcelona, pir bark F»nny,
To Antwerp, per steamer Switzerland, 200
J*"
,4ul
i,f^o
--
...
9(;5
,
.
. .
rvoL. xLi.
Oct. 9.
57,0C0
5.0fO
4,000
39,000
7,000
5.000
395,000
257,000
26,000
21,000
85,000
77.O00
Actual count this day.
had
and
fallen so
low that farmers would not market their crops,
become quite small, while the
crop is, in northern latitudes, not
quite satisfactory. The higher prices have imposed a decided
check upon the export movement, but the home trade has
continued fair. To-day there was a further advance in spots
and early futures, but the close was quieter and somewhat
receipts at all poiats have
quality of
much
of the
new
unsettled.
DAILY CLOSING PRICES OF NO
NO. 2 MIXED CORN
Wed, Thnrs,
Sat.
Mon,
Tues,
50 14
481.2
51%
.50%
491a
5014
50=8
51^8
48%
49
November delivery
30 18
5038
4838
51
49
51
DectBilier delivery
[n elevator
Ootolicr delivery
January delivery
May
4814
46>a
48=8
47
4938
471a
lYi,
52 14
52
49%
4:^?4
49%
4714
4712
4714
The tone of the Liverpool market for soot.d and futures each
djy of the week ending Oct. 9, and the daUy closing
4618
47
47
46%
Oats have sympathized with corn, from much the same
causes, but there is a narrowing of the range for lots on the
01 spot cotton, have been as follows;
spot,
prices
delivery
owing
46%
to the disappearance of the choice samples of the
OCTOHKR
THE CHRONJCLE
10, 1885. J
old crop, for which extreme prices are ubu >IJy obtained during
The export demand has been better
tlie first of ft new HeiiHoii.
To-day the opening was
maintiiiiied than for wheat or corn.
(Irnwr, but the close wns dull and easier.
UAILT CLOSIMO PUICES OK SO. 2 OAT*.
Hon. Twt.
Wrri.
TAura.
Fri.
Fal.
30\
3n>s
30»ii
30
ao'a
Ootolii>r iliOivorv
aia,
31
31>4
31%
31H(
31%
Novniii.cr delivery
3l^
3'.2>«
aa-M
a.i's
3219
Sl'a
DiMMiii
<li«iiv«rsSB's
33'4
33
32%
Januiiry ilellvury
fairly
eelllnj?
at
pretty
is
firm
Barley
Kye remains quiet.
MH
Barley malt is nearly done for the season and wo drop
quotations; there are jobbing sales, however, at irregular
pricec.
prices.
closing quotations:
FLO OB.
Fine
»bbl. $2 8.'5» 3 50 Saattaem bakers' and
family brands
;i00i»36.^
$4 759 5.10
BuperHiie
3 lUB 3 SO
Sprtug whi'ut extriui. 3t>0* 3 90 Rye Hour
Mlnu.' clear iiinl atni't. 4 00 '1 5 00 Com ineai—
Western, Ao
3 139 3 30
WlntersliliijiVpxtrHs. 3 Hon 3B\
Rran«lvw1n«. *o
2,5
9 3 35
Winter XX i XXX.. 4 00 »
4 8i» 5 7* Bnukwlieat flour, ^
Patents
f>2!s
-4 00»
lOJ lli-i
3 ooa> 3 25
City aiilpi>liiKez
BoDtJl'n com. extras.. 4 OUA 4 6S|
The following are the
Kye— Wesrom
State and Canada.
91 00
91
00 9
K3 9
29 o
dZ o
31 a
33%'>
»
61
Com,
Whriil,
In tlore
Detroit
al—
I»nls
OInnlnnatI
St.
242,51;<
16.754
",r.H4
3a6i02S
50,542
211,937
li«l,<>71
2'.I.251
92.123
On rail
On lake
On canal
Tot.
Tit.
Tot.
Tot.
Tot.
43.016
4.013
4.1(8
155,552
4I8.()H7
1,01(1.325
28.318
171.124
2.114
19.3 ;l
201.800
731,776
18.700
58,681
1.595,558
107,079
41.1.57
5,939
82.764
41.f.50
Kansasbltr
Do afloat
Do » n Ulaalulppl.
bush,
I6i,471
IndlanaiMills
Baltimore
Jlurlry,
bush.
2,t74.li'l5
1
BosUin
Toronto
Montreal
Philadelphia
Pooria
(Mtlt,
btuh.
32,74 S
215. 303
bush,
l,'!in,448
OswoKO
57C.618
1,218,500
1,466,204
123.912
9,136
23.95)1
12.747
B0.274
8,226
I7.),:m5
26, -.OO
Hyr
bush.
ai,H2'i
18.432
19.419
38
884
"1
H,.'l()l
1,181,192 1,371,912
841,6117
9,624
404,863
VM
6,996
70.713
25,200
25,707
18,631
43,064
3,'88. 43.632.913 6,182.493 5,017.144
Oct.
425.714 495.198
Sept. 26.'86. 43.947.293 6.012.619 5.579.255
272.726 477.241
4.'84. 26.251.067 7,32><.847 3,510.468
70t.7i>2
Oct.
645.741
6.'33. 28.523.488 13.414.957 5,f,88,0i3
H7.i.r,2i 2.20-1,146
Oct.
7,'82. 13,946,219 5,076,554 5,067,012 1,213,088
Oct.
500,576
THE DRY GOODS TRADE.
."S
Wheat—
427
Friday. P. M.. ()ctol>er9, 1885.
Business in the^wholesale branches of the dry goods trade
was strictly moderate the past week, and the maiket has pre-
Ui
33
40
32
sented few new features of noteworthy interest. The weather
has become cooler, and more favorable for the retail distribuNo. 2 mixed
tion of fall and winter goods, but retailers are pretty well
3.".
No. 2 whtt«
...
srt
9 98
White
Barley -No. 1 Cauad.-v. 90 a 9:(
51 9
Corn— West, mixed
supplied for the present, and the demand for re-assortments at
No. 2 Cmiada
78 » Hi)
52>st
West. mix. No. 2.
jobbers' hands was conatquently light. The commission
Statu, two-rowed
59 9 (il
West, whito
52 a 54
.
•9
8tat<i. sli-rowed .... 75
32 a 54
80
West. joUiiw....
houses have done a fair business in certain spring and summer
Western
67 9 75
WhltuSoiiiluirn..
GO a
62 9 54
fabrics (for future delivery), but moat descriptions of seasonYellow Southern.
The movement of breatlstufia to market is indicated in the able goods were more or less quiet, selections having been
statements below, prepared by us from tlie figures of the New chiefly of a hand-to-mouth character, as usual at this stage of
York Produce Exchan^re. We first give the receipts at Western the season. Imported goods were sluggish in first hands, and
lake and river ports, arranged so as to present the comparathere was more pressure to sell accumulations of velvets,
tive movement for the week ending Oct. 3 and since July 25
velveteens, silks, satins, &c, privately and through the medium
for each of tlie last three years:
of the auction rooms. Despite the late lull in the demand
Corn.
OitB,
Barley.
Whtat.
RecHpU a£— Fiour.
KlW.
which has been felt in most sections of the country, there is a
Bblg.lSaibs Bmh.W) lbs Diuli.Sti lU «l«)i.32 (lis BushASlbs BushSttVbt
very hopeful feeling in the trade, the business situation being
52.113
34J,08J
1,769.931
1,316,770
443,073
103. 10
Chloago
regarded with confidence by the best- posted merchants.
201,090
5.800
198.099
16,800
.W,140
MUwaukee
50.700
23,8.J3
40,532
8,500
7.771
5,aoo
2)8.533
Toledo
Domestic Cotton Goods.— The exports of domestics from
37,K17
47,357
21,593
2.7J3
394,050
Detroit
this port for the week ending October 6 were 2,290 packages,
500
41.500
2,000
21,000
1,000
7.720
CleTeland. ..
including 1,547 to Great Britain, l:i5 to Chili, 109 to Hayli, 90
15,921
23.403
1432ia
606,870
126,910
151,900
St. Louis ..
Spring. per basb.
Spring,'
fiO
92
No.2
Ued winter, No. 2
Red winter
«
..
Oats— Mixed
White
9-(»a» ....
82 8 1 03
,
.
Peoria
2,425
Doloth
Tot. wk.
'«5
197,111
Same wk.
Sama wk.
'84
'bS
191,702
213.075
3,150
490.59
148,770
25,><00
415,645
19,830
"
1.907,119
2.008.04 »
2.021,383
858,956
3.675,515
2.397.279
2,605,902
1,781,853
618.4120
2.57d,844
1,770.458
765,662
101,741
179.010
296,614
July iS
JBi$ut
1886
1,25" .083
17.540,840
20,601,657
16.696,453
2,467,888
917,205
ISM
1,806,039
16,429.281
2,555,981
1,9S0.818
l.rfSfl.HJS
32,878,021
88 031.H85
21,210.2,!0
1888..
29,533.001
16.736.612
2,506,017
2.905.864
Santo Domingo, etc. The demand for staple cotton goods
continued light, but prices ruled steady, with the solitary
exception of printing cloths, which have further declined.
Converters were more liberal buyers of brown sheetings, but
bleached and colored cottons were mostly quiet, and there
was a less active business in cotton flannels. Print cloths
were in fair demand, but prices have again weakened, and
to
The receipts of
week ended Oct.
transactions were chiefly on the basis of 8 l-16c. for extra
Prints ruled very quiet in first
6'lx648. and 3?^c. for 56x00s.
Newpoil News.
hands and sluggish in jobbing circUs. and ginghams and
cotton dress goods were It^ss active than in the recent pa;t,
though steady in price because of the limited supply on hand.
White goods and scrim curtains were in very good demand
for future delivery, large aggregate orders for these goods
having been placed with the mill agents.
Domestic Woolen Goods, There was a good steady movement in men's- wear woolens in execution of back order.-*, and
a fair amount of new business in fancy cassimeres, worsted
suitings, &c., was transacted by the commission houses, the
re-order demand having been of encouraging proportions.
Overcoatings continued in fair request, and there was a steady
flour and gram at the seaboard ports for the
3 foUow:
Flour,
WUeal,
Corn,
Oats,
Barley,
line.
biisfi.
Atbbls.
bush.
busk.
bush.
bushNewJork
l.iuO
127,8^3 779,3 ;o 683,100 77S,450 27,450
S5,.to2
Boston
134,900 172,770 232,200
1,OlO
750
16,000
4,5l0
Portland
2.450
38,812 101,5(11
10.592
1,000
Montreal
11,556
41.400 232,S00
80.000 12,600
Philadelphia... 15,376
46.123
58,70U 13,620
Baltimore
31,606 144,111
Richmond
13,322
27,794
6,452
2,135
New Orleans...
5,902
2,100
2,332
—
26,757
Totil wc»ic... 252,1,50 1,16B,528 1,261,078 1 ,iOl.521
week '84.. 33!),903 2 ,2/0,400 689,310 1 ,126,190
Cor.
55,670
2.150
74.876 237. bOr
The exports from the several seaboar d ports for the week
ending Oct. 3 1885, are shown in the an nexed statement
Xxportt
frim-
.,^
,
vriieat.
Corn.
Bush.
New York
l-<4,830
Boston. ..
Montreal.
165.876
Phlladel..
Balilm'ri'
51.800
21,000
l49.s)S4
N. Orl'ns
Bush.
485.011
28.438
71.4il
88,884
216.719
32,000
Flour.
Gals.
Rye.
Peas.
Bbls.
Bush
Bush.
Bush.
59,916
307,090
2,007
64,53'!
27,343
16,905
359
64
Total w'k
570,510
952,503
162.428
342,907
18.912
B'me tlmt
1884
91.5,518
205,7i>5
133.363
147.512
25.15
The visible supply of grain, comprising the stocKs in granary
Bt the principal points of accumulation at lake and seaboaiU
porta, and in transit by raQ and water, Oct. 3, 1885 :
In ttore at—
Albany
Buffalo
ChicaRo
Wheal,
bush.
8,30i,3l9
269,7i8
2,800
3.914.7^5
lL',6l2,91i
Corn,
Ou(s,
bush.
bush.
Kichluond.
64.414
V.i
WUwaukoe
3,1
1,37), i43
l8,o99
1.868,088
Xyt,
h..s>.
68
81
l553.533
_.
1,1. -.42
26.5110
(!,000
13,000
14;i,-i26
tt7l.i)08
:0J,964
13,8.0
J.sOo
3. 70
171,579
39,257
2,037
Newport News...
Daluth
Toledo
Barliy,
bush.
8SI9.O01 2,632,174
620.3J2
Ladies' cloths, tricots, soft wool dress fabrics, Jersey
and repellents ^were severally in steady, but nio(Jerate
request, and there was a very fair business in all-wool dresj
goods, in which both auiumn and spring styles participated,
.Shawls and skirts were 1(:88 active but tteady in price. Flannels and blankets continued in fair demand, and there was a
good movement in wool, cashmere and merino hosiery; also
scarlet underwear at very firm prices.
FottEKjN DuY Goods were in lessened demand at first
hands, and the jobbing trade was not up to the average of
previous weeks. Low and medium grade black silks were in
lair request, but other silks and satins ruled quiet.
Velvets
and vtlveteens were largely sold at auction, and nr< u^ht fair
The demand for dress goods was mainly re triotcd to
pri(3e8.
I few specialties, and men's- wear woolens were lejs active,
wh In linen goods, laces, embroideries, hosiery, &c., were relaskins.
cloths
10,20«.
Bichm'd
N. News.
New York
Do afloat (est.)
and indigo-blue flannel suitings, by the manufacturing trade. Satinets have shown considerable activity,
and there was a fair movement in Kentucky jeans and doecall for cloakings
:
19 92i
5,147
sls'u
36,b21
12,141
^
19,..26
tively quiet.
THE CHRONICLE!
428
©ommctclaX
K
.m
bu8Vcss..nthc.
S,^?,^iof
tlie close of business
Co.,
Loans
CANVAS, FKLTINQ DUCK,
COVBRINO. BAGGINO, HAVHN8 DUCK. SAIL
TW1NB8, *C., "ONTARIO" 8BAM1.K88
Colors, always In stock
nn«in> str«wt.
Co.,
York, Boston, Philadelphia,
B1II.L1NQ AQKNT8 FOB LKADING BRANDS
tioir
PRINTS, DKNIM8, TICKS, DUCKS, *a
To^velB, QnlltB, Wlilte Goods & Hosier)
TtrillJt. fHiMlina: <*f.. '"^ ExnnrI TrM'e
ganli^tatcments^
REPORT OF THE CONDITION OF THE
MKKCANTILE NAT10N.\L1885;B.VNK
October
HE90DttCKS.
.„»„„o,,
,,
»°''**'.„!5 ]*
OTerdrifts
;
228 40
50,000 00
3.000 no
200,000 00
20,000 1,0
••••.•:."••
U ^. bonis to secui-e circulation
Other .HtocK^ and bonds
H«i*l estate, banking house
Other real estate
_.••••.-••««...
»1,««7.179 2*
""
""
00
58.20U
6po,le
iJe^al-tender notes
Bilis ..f..i herb inks
»"
34,3t<0
00
;,58il o9
801,318 39
432,8.50 65
Checks & 0th. cash Items
Kzuh's tor Ciea. V House
Due from national banks
Dun from blate b'kS and
2,250 00
1,000 00-3,55<«,4789a
ridemption fund
Total
:
LIABIL.1TIKS.
Capital Stock paid In
Buri.Ui. iun.1.
»9.1>28,522
46
22.5,000 00
31
45,000 00
123 00
Undivided pniflls. net
'iial bank
es out-tanding
Dividends unpaid
:
KM. leh,vian.
JOSEPH H. WBLLBR,
At
(J
\H 1.1,' K KIM.
New
UO.NUl
;
Directors.
>
BESOURCES.
Loans and discounts
New
3l
115.000
42,000
16U.66J
2o3,t3>
44,09s
386,000
200,000
24.006
.
Premiums paid
Claa Ing House
24, MHO
KVi.OOO
loan ctfs. "f ,ttaer h'ks
Chi'Cks and other cusli items
Bxchanges for Clearing House
Bills of other banks
Fractiona currency (Including nickels)
I7.41rt
2,000.036
13.060
29
BmCcIo
l«egal-tcnder notes
1,0 8,822
661,000
96
00
00
66
29
77
00
00
25
00
00
54
o2
00
97
45
00
Redem[ition fund with U.S. Treasurer (6 per cent ot clrculatloni
5,175 00
Total
|9.8,>7,57b 09
LIABILITId).
Capital stock paid In
tl.OOO.OOO 00
Surplus fund
200,000 00
Undivided |irolits
70,.t87 15
National bank notes outstanding
10,1,5
00
Dividends uniiald.
10,8iM 72
DSits:
al
»2,7"».878 ("8
»M 6,281
78!. 12^ 01
8 6 »l— 6,«a"l,«87 28
1,913.971 99
35.0 4 5
M
banks
OH ks
Aba
kers. .
CnrtlB ate- ol deposit...
ftiit>-
Acceo'anres
Cashier's chjcks
. Total
»9.837.o7B ua
BtaUof New York, Co inly of New York, a;
I.
ALFR :o H. T'Ml'JOS. Caohler of the aborenanied Dank do solemntv swear that the above
•tatemenlls true, lo tho best of mv knowledge and
fcellel.
AI.F.IKK
11.
TIMPS
'IM,
C.iini.r.
Bubscflbed and sworn to before me this 6th day
»' On>. b T. 18x6.
En IN F. I OH-T.
correct- A Mest^
»''"'"«'»'>'' *<>'kCo,
AGNe'v^"
tayl'or.
F K11KR1
BDMUND
D.
Directors.
OLIVER
8UMN I'.R
00
114,792 88
,749,7119 24
10,.30O 00
254 00
4,47o,70H .ib
"'
Specie
Legal tendernotes
'i'^'l!'!
2i)0,0.0 00
U. s ctf^'.of dep islt for legal lenders
Redemption fund with U,8, Treasurer
9,0 00 IK
(5 per cent of circulation)
,i3MW,10« 98
Total
LIABILITIES.
(Directors.
KANDOLPH.5
$3,200,000 00
640,o00 00
520,611 31
180,000 (10
Capital stock paid In
Surplusfund
Undivldel lirotlts
National bank notes outstanding
Dividends unpaid
02,;i;l4
40
Individual deposits subject to check,, 14,02u,498 ,S7
1,0U'.529 98
Deposits for acceptances
207,237 00
Demand cnrtifleates of deposit
148,169 14
Cashier's checksoutstanding
10,247.585 99
Due to other nation tl banns
58,\201 79
Due to State banksand bankers,, ,,. ,^
»81,443,169 98
T. ital
State of New York, County of New York, »s ;
1, HK.SKY BPCKHOUT.CaahWrof the above-named
bank, do solemnly swear that the above statement
Is true, to the best of niy knowledge and belief.
HBNRY BUCKHilUT,
Ca-hier.
Subscribed and sworn to before me, this 5th day
u. a. Fanning,
No ary Public,
Correct— Attest
O, n. BALDWIN.)
R. T. WILSON.
>
FR EL) K MEAD. 1
Directors.
cli.>se
York, In th? Si ate f New lork, at the close
ol business October 1, 1885:
KEOOUKCES.
Loans and discounts
«Qoon Qualm
TO
»3,88a,S38
.•••••,••
Overdrafts
a.VXSl uo
Sn
oo.two
U. S. bonds to secure circulation
N. Y. City revenue bonds ... $250,000 00
Other sto -ks, bond- A mo.l's 5o2,4o3 48- 752,453 48
30<,77U 30
Due from other National bani,s
«,.-»75 19
Due from Sta e ban.sand bankers
4«.171 68
19,481 81
Current expenses and taxes paid
Kxcii's lor Uiearlni Ilou.ie f801,60i 08
„ ,;^8 f*J
Checks Anther cash Items
6,17. 00
Bills of other Banks
Fractional p per cui rency,
cents
and
nickels
„.„<,f,r'T 7iS
2.218,861 00
Specie
265,000 05
Le/al tenner notes
.
Overdrafts
U, 3. bonds to secure circulation
Other ^tooks, bonds and mortgages
Due from (ther Nat oiial banks
Due fr.im State banks an b nkers
Real esti'te, lurnlture and tixtures
Current expenses and taxes paid
Clearing ouse loa ctfs. of other b'ks
ChectiS and oihor cash Items
ExGlianges for Clearing House
Billsofoiher banks
Fract'l papercur'nuy, nickels & pennies
.
14,001,913 03
5.H60 H8
69^1,000
5-^0.000
. ,
—
Surplusfund
Undivided profits
^?tt^
tS.Oifi
Individual deposits sub-
naaanAnm
78
69,248 19-2,988,040
(ashler's ch'uks outst'd'g.
Due to other Nat, hanks., $3,711,844 fj8-4,535,746
,,„..,, .,
Kt
823,001 2
Due to State b'ks A b'kera
(6 per
.
S.
'
Correct-Attest:
^^^^ c.'^U•M'AN','''^
PARKER HANDY, > Directors.
Total..,'.
LIABILITIE:!.
raoltal stock paid In
B8TABLISUKD
)
1S06
R. Cole,
Eugrene SEARS
A COLE,
SticCESHOR TO
Supplies Banks, Bankers, Stock Brokers and Cor.
joratiooE with complete outdts of Account Book
*nd Stationery.
.u-,- «•_
New concerns organising wlU nave their or.
fWpromptly executed.
lers
No.
1
WIL.I..IAin STREET,
(HANOVER SQUARE.)
FOR
SALE.
Chronicle Volumes
31,050 00
»9,48J,4a7 09
SINCE
»1.000,000 00
Surplusfund..
Undivided protlts
National ban ^ notes outstanding
Dividends unpaid
oo
29
589,700 00
51.000 00
3,870,360 44
BOO.OOir
Bol.s.'iS
individual deposits subject to clieok..
Demand certificates of deposit
4,692 31
Acceiited drafts
1,381,809 72
1,')W4 70
Cashier's checks oulstanidng
l)U"toolher National banks
1,132.101 38
430,6 :18 25
Due to SUte banks and bankers
Total
9,169,457 09
State of New York, County of New York, sa:
I, AHruUK W. .-HEBMAN, Cash er of the abovenamed bank, do soleniniy swear that the :ibove
BtatenienL Is true, to the best of my knowedge and
belief.
A. W. SHBK.VIA.N. Cashier.
8u ac Ibed and sworn to before tue this 5th day
of October, 1885.
U. L. BBAYNARI),
Cori out ' A t-i-t
Notary Public.
1
THOM
<S DENNY,
)
FREDERIC W. STEVENS, > Directors.
STEVENS,
CHAS, I.ANIKR,
"Treasurer
cent of cu'Culation)
A. U.
«»
$8,74.1,813
.,,„,,
state of New York. Count* of New V..rk, du:
above-named
1 a L. HuTCHiNGS. Cashier of the
bank, do soicninly swear th it the abijve stateand
mcni is trus, to the best of my knowledge
G- ^- HUTOHINtiS, Cashier.
belief
subsclbed and sworn lo before me this »th day
eiiqene I'ei.mak.
of October. 1885.
38 00
B59.43Z 00
780,4^9 00
tender notes
Redemption fund with U
m
11
.„
„,
$2,415,565 .3
check
Demand ctfs. of deposit.
'J-'J'W 59
Certllied checks
*??''!!?2 ,'.i
joct to
6)
111,500 00
8 15
200,000 (lO
414 94
Specie
on
on
STATIONER AND PKINTEB,
2,037.2w) 4i
15,000 00
34 67
Trade dullais
58
09
1U,H31 65
6.5'-3
<
l.egil
00
00
.
"ie|alt'^de°r's,'.T'!^'".f 310,000 00- <.,»5l,58«
$8.7:!l,8i3
Total
LIABILITIE:!,
««« «nn
Capital Stock paid in
*''??,^'XrS
of busi-
KESOUltCES.
Loans and discounts
Directors.
New
"»F THE CONDITION OF THE
REPORT
liALLATiN NATIONAL BANK, at New
VOT", in the Stale Oi New York, at the
ness October Isl, 188.j
>
'
»I5,0:i) (68 62
Loansand discounts.........
U.S. bonds to secure circulation
fj!;-"!!; Xx
hand
on
U.S. bonds
r"„- .r? VV
.8
Other stocks, bonds and mortgages,,..
',i2,9<4 (12
1,U«'<,4»B
Due trom other national banks
40;790 81
DuefromSiate banks and bankers
eoo.ooo 00
Realesiate, furniture and lixtiires
45.6' 18 ;t6
Current expenses and uixes paid
8.0011
CARTER,;
K. Sl'O.NE.
OF THE CON l»I ION OF THE
RFPORT
THIRD NATIONAL HANK of the City of
REaOUKCES.
pal d
S.
JAS. B. .lOH.NS roN,
York, at the clofC of business
I'tlK
14,863,2)9 18
Overdi afts ........... ............ .".','','.
V. 8. bonds to secure clrcuia'tion'
U, •, bonds on liand
Other stocks, bonds and mortgages.,..
Due from other national banks
Due from State banks and bankers ....
Banking house
Other real estate
Current expenses and laxtts paid
lnol»ldU'<Is
J
OF THE CONDITION OF THE
REPORT
FOURTH NATIONAL BANK OF THE
of
CITY OF NEW YORK, at New York, In the1,State
October 1885:
:
uf
I'lOiN
York, at the close of business on the 1st day of
Naiio
C. l,A.N(il.~ Y,
R.
J. -
'ONTINENTAL NATIONAL BANK,
,
'
m
of October, 1885,
^
October 1885:
Da
ouMO.NT CLARKE. Cashier.
Sworn to and subscribed before me this fith day
J- J- BEN.XETT,
of Oct.. 1885.
Notary Pubiir-, Kings uo.
N. Y. Co.
Certltloato flled
Correct.-Attest
WM.
42:1.000
.
„
New York, Countyof New York.DI'MONT OLABKE. Cashier of the American
Exchanite Naiionul Bank of New York City, do solemnly swear that the above statement is true, to
of ux,
my knowledge and belief.
uooi. oi
the best
me
10'<,9(i9
Deposits Individuals... tJ.63«.l53 25
4,305.S;3 99
National banks
;,4o5,2l8 94
State banks a dl>uik'r«.
2 S-*? 74
Demand certs, of dep'slt
86.W)5 52
Certitted checks
56,98i) 7 1-8.543.430 1 5
Cutaler s chocks outst'g
19,922.322 46
Total
State of New York, County of New York, as
I. \Vm. p. St. Joax. President of the above-named
bank, do solemnly swear that the above statement
Is true, to the best of mv knowledge and bel'ef.
\V.M. P. ST. JkHN, I'ri-sldent.
Subscribed and sworn to before me this 3d day
F. A. K. Bkya.v.
of Oc.obcr. lfi^5.
i^orarv Public, New York Co.
Correct— Attest:
I'llr..
,
1
JOSIAH M. FISKE.
"-.}J
MA.XWELL.
:i2i302 BO
00
15,d07 60
Depo.its-lndividuals.,.. $2,808,586 32
3.«m.355 <8
National banks
818,170 97
State b.iiks & bankers.
204,081 29
Demand ctfM. of deposit
54o.9i7 67 „ ^, _„,
CO' titled checks
7.h72 75-8,061,79478
Cash er's c.iecks outst'g
tlO,B12,404 78
,j.otal
State of New York, County of New York, ss:
E, H. PtTLLKN, 1 ashler of the above-named
I
bank do solemnly swear that the above statement
and belief.
is true, to the best of my knowledge
E. H, PULLK.\. Cashier.
Subscribed and sworn to before me this 3d day
.1AME9 VVALSn.
of Oct., 1885.
Notary Public, Kings Co.
Ceriifli:aie aieJ in N. Y. Co.
Correct— Attest
i
Slate of
:
» 1.500,000 00
Nati 'Ual bank notes outstanding
Dividends unpaid ,, .,
UndividaU prohn
i
»1,000.000 00
Kali
Ol'
_
LIABILITIKS,
»2li,24>l.o^^ *"*
rp,,t„l
M
.;'.-a.,«., ^^
*^urplu8 fund.
n
i'2ii',;'JS V^
°-i?,?'S*^ "»
1.901.0 « iS
Due to other national banks. ••••,••••
Due to State S. private banks & b'nker s
SM^VW 00
2^".405 00
601,000 00
ll.iii SI
e«,4iO ,11
Capital stock paid In
!;;T-.in
Certitled die k-
«70 79
495,000 00
.
"J
certlHc;ites ot deposit
Checks and other cash items
Exchanges for Clearing House
Bills of 01 her banks
Fract'l paper our'cy, nickels & pennies
Redemption fund with
U. 8. Treas. (5 per cent
of clrcu ationl
Due from U. 8. Treasurer
other than 5 per cent
m
£
Z
l.OOu.OOO 00
»f'»gg§ gg
Surplusfund
o:JV'moh i«
"
UnalTided protlts
,!'2nf
00
O.HOl oo
mate bank clrculatton outstaodlnii....
unpaid
Dividends
U'-W
lo
o~«r
n
lS.8.''.j
'8
check..
lndiTl..ualrt.-p.,sita sublet to
Premiums
31,704 63
bancers
iS'^-l
*-'?fI'i
^^.U'Sfs
p.iid
»5,16-,2n6 17
.
S2.0i2.3;8
Spic.e
o l 00
22^, ol
Legal tenders
49,Sio OJ
Bills of other banks
2',iU0 10
Chec s& th. casn items
973,124 54
Exch's tori 'lear'g House
5-a,5.jy ii
l>ue from national banks
Due from State b'ks and
,„,_,„
109,133 33
bankers
Redeiupi ion fund witi;
U. S. Treasurer <5 per
83.275 00
cent of circulation)
Due from O. •'. Treas.
other than 5 per cent
7.000 00-^S,955,970J)0
redemption fund
nO.«12.404 78
Total
Capital stock paid In':''.'."™!'.^."
1,
l^oans and discounts
42
i
SHIRTINCiS
k.
.•••••
tne close of business Thuisday,
Viirk, at
18S5:
Premiums
Tl.'jll
L^^laWende/noies.V.y.V.... ............
U.S. ctfs. of dep .sit for lenal tender
210,000 00
notes (see 5,i«;t, rev. stat.)
Du frvm U. S. Tre«sure_r. other tnan
e.BOOJM)
5 per cent redemption fund
»g9,248,5«i«
Total
^;^-^
Demand
AND SHEETINGS,
of the City of New Vo
„„,„,, „,
^
Fabyan &
BROWN & BLEACHED
-Vr'ni in
40
1,.U,.01
•;;;;;;;;;;
CO.
OJ
84n'i?7 3B
schedule)
1,
BESOUIICKS.
Loans and discounts
Over rafts..
U. S. bonds to secure circulation
U S. bonds on hand
Other stocks, bonds. Ac
Banking li'iuse
Kxpenses and taxes
i
Exehanxes for Clonring House
Bins of uther banks
Also. Acsnti
i«o. Irt»
,••/•;
Cnrrenl'Sxpensesandtaies paid ".V .V
and other cash Items ( see
< hecks
BAGS. "AWNING 8TR1PB8.
imiTBD STATES BUNTING
Bu.OOt)
(see schedule)
CAB
COTTON
•
Oct.
.»18.83o.R92 Oi
4.240 U5
...
Due iroiu uthernatioiml bunks...
Due f.om states private bk.&bkers
klnda of
AMliapplj.kU WldtlMMil
discounts C-ee schedule).
schedule)
COTTON SAILDUCK
And all
iin.l
New
of
,
U^sI^bSs.to Veeure circuliit on(par val.)
Other stocks.bouds and mortK»ges (see
M*nnfactnrerB and Dealers tn
RBPOllI'
Ttl
OF THE CONDITION OF THE
OPTHEOONUITION OF THE
REPORT
.nATIONaI- BANK OFTHK REPUEtlC,
liRPORT
"AL,
A
A N HE NATION
A SlEllIc" N EXCII
ilin SUnte of New Y,.rk, at
u\ VK at New Vork. inthe
HI day of Go .,1885:
1st
IlESOtJH(--KS.
&
statements.
Jaiili
CiPards.
BrinckerhofF, Turner
bliss,
[Vol. XLI.
)
I8'70.
these volumes since 1870 has
hand lor convenient reference a wimplete and reliable Onancial history ot the period. Parties having
the more recent volumes can obtain from the pub
Ushers most of the earlier volumes, or complete sou
Any otBce possessing
at
Cain
be turnlshed.
79
A
I
^VILLIAinC B. DANA & CO.,
81 WTLMAM STRKET. NEW YORK
JOSEPH CI LLOTTS
STEEL PENS LD
R
WO
Br ALL DeALERSTHROuoHOurTHe
[eoi- D MEDAL icriis EXPOsiTioN-iaya.
1 Solo
@FedFRASER