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oimtttttialff
AND
HUNT'S MERCHANTS' MAGAZINE,
REPRESENTINQ THE IJfDUSTRIAL AND COMMERCLVL INTERESTS OP THE UNITED STATSa
VOL.
SATURDAY, OCTOBER
41.
CONTENTS.
4.57
4(iO
Sections
The French Elections
Monetary and Cominercliil
EuKllshNowa
464 81 '0 per cent.
Coniinerclal and MlgccUaneous
461
News
465
,
4,"i8
I
|
I
I
Wetk BnMtiQ
THE BANKERS' GAZETTE,
Money Market,
Porel/?n
Ex-
[
olunge, U.S. aecurltles. State
and Railroad Bonds and
Sto.'ks
Range In Prices
I
467
atthe N. Y.
Stock Exchance
I
46^1
-I-35-4
(2.859.129)
0.537,282)
(Cotton.... MiM.)
(340.200)
(503,400)
;+88-o;
(-32-41
(622,800)
(+40-8;
iOrain. .bxuhelt)
(4», 145,590)
(32,869,000)
(-M60)
(S7,602,7IS0)
(+40<)
(P«tro(«um..i>l>l*.)
(79.912,000)
(79,401,000)
(+0-6)
(46,3S«,aMl)
(-W5)
175,440.188
4.918,000
1.873.942
921.008
$65,306,885
-i-159
$72,426,489
4,453,800
1,334,971
+10-4
-HO-5
4369,200
+18-5
+5-8
2.148,706
-1-14-0
1,045,259
-119
V006,»20
1.023,581
877,860
757,425
+l«-8
+••2
+88-7
-H>-7
1,231,844
743,944
516,S25;
+20-8
484,440
.
479
480
I
I
Portland
Worcester
The Commerci.vl and Fin'ancial Chronicle w
New York every Saturday morning.
Entered at thePostOltlce,
808,172
621,438
published in
New York, N.Y., as second class mall matter.]
Lowell
Total N. England
PhlladelphU
Terms of Subscription—Payable in Advance:
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Annual subdcriptiou in Lou Ion (iuoludlux postage)
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The office of the Commkroial and Financial Chronicle In London St. Loala
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.» n n>«t 1
WILLIAM
J.„v,> 'J
JOHN „
o. FLOiu.
J
WILLI/Vn
7!» *;
Oct. 10.
PfOnt
1880.
$518,576,215
Providence...
Uartf ord
I
Percent.
$708,000,830
474 Breadstuff's
475 Dry Ooods
Ei>ltoiue
Cotton
Wtek AuMn«
Oct. 17.
1884.
1S8S.
QuotatlouaofStocksandBonds 469
Railroad Earnings
470
Local Seiurlties
471 New York
Investment and Railroad InSol«o/—
telligence
171
(StocJ(»....»)larM.)
THE COMMERCIAL TIMES.
Commercial
1,061.
sponding period a year ago. Pursuing our usual method of
deducting double these values from the New York total, the
exchanges of other origin are seen to lie |:!87, 390,120 and
403
1295,833,315 respectively in the two years, or an increase of
THB OHROWrCLE.
CleariiijiHoiisP Koturiis
The Flniuulal SltUiition
The SiUps or Piibllo LauUs
Kates of Interest In Farming
NO.
2i, 1885.
B.
DANA
it
Exchange Buildings
Co., Pabtlahers,
NEW YOUK.
81 William Street,
p^,g.j OFFICE Box 958.
Louisville
Kansas City
Uemphlg.
Total Southern..
San Fran olioo
CLEARING HOUSE RETURNS.
A further and very gratifying improvement in exchanges
has taken place during the week under review. Our fiveday telegraphic statement published last Saturday indicated
very clearly what the result for the full week would bo, and
a oompari.son of the percentages of increase then shown and
now recorded serves to demonstrate the importance of tlie
advance telegraphic returns.
With the large gains thus
recorded from week to week, it can no longer be doubted that
general mercantile affairs are in a much better condition than
for some time past. Compared with the week ended October
10 the increase in the aggregate clearings is |!57,841,539, and
although shared in pietty generally by most cities the greater
portion of the excess, as during preceding weeks, is at
New York. Of the twenty-six clearing houses embraced in
our table, seventeen show gains over the figures for the pre.vious week of tliis year, while at the remaining points the
decrease in all cases is quite small.
In comparison with
1884, the returns for Portland, Pittsburg, Baltimore and New
Orlean.s are the only ones which exhibit any decline.
SJiare transactions on tlie New York Stock Exchange for
the week were of very heavy proportions, in fact the heaviest
recorded since May 1881. The market value of the share
sales reached $157,305,355, against{|ll],376,000 for.the corre.
Total
all
New York
Ontslde
+383
$809,980,560
(2,320,389) (+100-8)
—4-8
-«-8
+W7
185,806.327
$74,202,811
-t-15»
t93.991.0aa
7,338.769
$49,107,638
8,281,179
12,890,490
+9-9
-11-4
-0-4
$47,8TOJW8
12,850,988
174,178,808
$70,288,303
+5-5
$66,106,253
-2-4
t53,88(,549
9,003,300
$43,929,784
8.967,650
3,878,340
+21-<(
$53,648,202
•,747,050
1.385.302
1.068.082
+18-8
+13-3
+14-8
+3-4
+0-8
-2-8
+18-1
+11-9
4,120,325
3,492,469
+ 10-4
-(^8-2
+8-8
-13-9
-16-3
6,964,839
11,664306
8.887343
3340,482
1336,141
2,909.496
+20
1,310,074
1,300,394
2.181.398
991,353
2,165,966
1.420,169
849,146
+0-7
+0-7
+16-5
+16-7
$77,018,065
$65,430,9441
+177
$76,916,803
+19-8
$15,101,572
761,090
8,429.291
4,174.435
4,509.895
1.322.845
$14,064.7241
+0-9
+522
-|^4-7
$34,299,228
t!i3,l!71,815
$13,242,569
1.654,500
2.090.013
-^5-9
—1-2
$14,644,058
828,472
7,793,982
3,««,587
+14-4
4.249330
4,099,203
-hlO-O
4.303.032
1,257,669
+5-1
1.4.37,867
+3-1
$33,164,891
+8-6
$12,966,844
+Z-\
$10,771.2;8
-0-4
»9S6,3 17,827
$774,816,332
$256,240,117
4273
+110
$928,506,288
$284,346,997
600.2*2
8,800,150
1
.
$268.946,'<ati
-3-3
+16-8
-M-8
+88-1
+24-8
+8-1
-
Bank exchanges have made further gains during the fiva
days ending this (Friday) evening, as our telegraphic returns,
given below, fully indicate. The increase is participated in
generally, the excess in the aggregate over October 16 reaching
$119,969,481. Speculation on the New York Stock Exchange
has been very active, the total sales of shai%s for the five days
being 3,350,159, a figure exceeding the transactions during any
similar period within our record.
rive
Day
Sola 0} Stock
Boston
((At.)
Ptatladelphta..
New
Orleans...
Total
Balance, Country*
Total
Outsldn
all
Now Vork
+84-3
(+88TI
+18-0
64,434,887
87,994376 -I-82-2
-18-5
10,(03,388
+IS-1
38,318,984
+4-0
12398,812
+88-8
7,777,484
(2318394)
(+74-8J
+28-3
+0-1
$700,708,962
003211,008
$8t«.6i».8aa
113. 200, 180)
(1,721,976)
9.104,097
41,311.000
12,898,700
9,969,815
$8S?,28I.233
94,307,798
$687,769,736
61 ,< 28,846
"taia^^.osH
$78a,78^SW
+«-8
>7.
+I.V9
•?42
'•
'I
-i
.1
iSsumaied uu ui« Oasis u( Uie
\Peramt
I88B.
tS84.48l,<»t
$528,101,808
60,244394
Cent.
4 -31 -4
$093.91 4.2.'«
64,719,038
.
Baltimore
Chicago
8t. Louis
Ptr
16.1
aty^Knd'tOet.
Oct. S3.
1881.
1886.
New York
Bniint
laat WDiiltiT
rMaru,
62,605,818
+ 14-7
«4,89ak«a4
+U-1
103883*1
44,979,000
+1-0
+SS-4
12,854,001
+10
8,694,140
"«>• iftT
7<"iT
-8-9
-1
88-4
+88-7
*-lI|
THE CHRONICLE.
458
[Vol.
XLI.
year so far absorb the oSerings, only shows in clear light
the peculiar conditions of the market. In fact, it is hardly
so
been
have
Notwithstanding
of necessary to add that the situation with regard to exports
most
and
sales
large
with
week
past
the
during
active
the time with advancing prices, notwithstanding the better has not changed materially. Wall Street is only one of the
THE FINANCIAL SITUATION.
all
classes
securities
of
business in progress in mercantile circles with
speculative
many
centres of speculation in
To be
the country.
sure
movements in many markets, and notwithstanding each prices are very low in Europe for all our staples, and it is
succeeding return of the Clearing House banks marks easy to think they are worth more than current quotaa further decline in reserves and increase of loans, our tions; but when did speculators ever make anything who
began the season by holding on to our surpluses ? And
little sign outwardly of any
advance in rates since our last report. this of all years seems to be a very bad one for trying the
On the contrary, bankers' balances have continued to loan experiment.
There is very little to be added to our previous reports
freely at 1^2 per cent (the average possibly a trifle
money market has given very
increased activity or
nearer the latter figure), with even the usual spurts
to-
respecting the condition of general business.
Beyond
a
—
wards the close of the day which have heretofore of late doubt, transactions in very many departments of trade are
been a feature under the urgent demand of belated bor- considerably in excess of a year ago. Profits remain in
rowers—less extreme and important. The same condition general small, and there is now a partial lull in the demand
which has prevailed for weeks back. But the feeling
is true also of time loans, the demand being if anything
continues hopeful and the tone of the markets is improved.
lighter, borrowers inclining to the belief that rates are
the year, and hence All this is plainly indicated in our weekly reports of
to remain easy for the rest of
that the cheaper way to obtain accommodation is on clearings; and yet perhaps we ought to suggest that it
will not do to accept the clearings, even outside of New
demand.
This situation grows out of the fact that our banks York, as a measure of business improvement, since at a
have very large deposits from interior institutions never time of speculation in securities every centre of trade
Still, even allowbefore so large as this year subject to call, for which shares in such speculation more or less.
ing
keep
for
interest.
Hence
being
forced
to
that,
those
figures
tell
the
same
paying
story, which is
are
they
these deposits employed, and yet compelled to have coming up from nearly all sections, of an increasing
unusual amounts within immediate reach, the offerings demand for goods for consumption.
Quite a feature of the situation, and shedding light on
of
are pressed just enough to keep rates steadily down
course low rates encourage speculation and tempt bor- the same point, is the generally improved character of the
rowers, while preventing any urgency in the demand for returns of railroad earnings that are being received.
We
time money. Three weeks before the May panic of 1884 referred to this in our review of the figures for Septem(deposits then were about 48 millions less than now) there ber, but the weekly reports for October thus far to hand
was not the least sign of such an event in the money are of the same encouraging nature. The Northwestern
market, bankers' balances at that time still ruling at 1^@2 roads particularly are doing well.
Thus in the first two
per cent, and prime paper passing freely at 4@5|^ per cent, weeks of the month the Chicago Milwaukee & St. Paul
about the figures which had prevailed ever since the year has gained $105,000, and the Chicago & Northwestern
opened.
In fact, it was only the week immediately pre- $134,100. It is true that in the case of the latter the
vious to the panic that any considerable change occurred, loss a year ago was almost as great, so that the gain
and then only in call loans which ranged between 1^@6 represents merely a recovery of that loss, but on the other
per cent. We thus see that as our monetary system is hand the Chicago Milwaukee & St. Paul lost nothing then,
organized,interest charges are no restraint upon speculation. and all the minor roads in the same section have gains
In Great Britain, the Bank of England is always on watch much in excess of the previous year's decrease.
There is
standing at the brake and turning on the pressure when, a special reason, however, for the good exhibit that this
ever the need to slow up becomes apparent.
We do not section is making not only now but has made comparamean to be understood as intimating that our case now tively during the whole of the era of depression through
demands heroic treatment; but it is well at least to call which we have passed. That reason will be found in our
attention to this lack of a regulator, and to suggest whether article on land sales, in another column, showing that
some change cannot be proposed which will provide one. Minnesota, Dakota, Kansas, and Nebraska, have been the
For it would be far healthier if as speculation increased in favored localities for settlers, a big stretch of territory
—
—
;
activity the
tively,
money market could
it more sensihaving been opened up to cultivation during the last few
need be by an years. It is not alone these roads though that are at
and not leave the panic to come wholly present giving a good account of themselves. From nearly
indicate
giving timely notice and warning
advance in
rates,
if
For instance, a decidedly closer money all sections of the country more hopeful returns than we
market now would be wholesome it would be in some have been accustomed to see are coming to hand, and it is
measure a guaranty.that legitimate business was not to for this reason we make
special mention of the matter
be sacrificed to the spirit of speculation.
To bring out this point, we give below the figures for the
Foreign exchange has passed through its usual varia- first
two weeks of October for twenty-four leading roads.
tions this week.
Last Friday it will be remembered that
RAILKOAD EARNINGS FOB THE FIRST TWO WEEKS OF OCTOBER.
rates were put up a half cent.
Un Monday there was a
Name.
1885.
1884.
Increase.
fall of one cent, on Wednesday there was a recovery of
itoannounced.
—
and yesterday there was a
one-half cent,
half
cent
now one
a
week
;
so
that
cent per
ago, with
report a
little
the result
pound
that
sterling lower than at the close
the tone
increase in
breadstufis bills on
is
again of onethe rates are
fall
although some bankers
firm,
the
number
the market.
of cotton
It is stated
that
and
the
recovery on Wednesday was due in part to a demand
for
about £800,000 for remittance on Havana account.
But
that such a demand as that should
at this time of the
Burlington Cedar Kapida & No
Canadian Pacific
Chlcajio & Alton
Chicago & Eastern Illinois
Chicago Milwaukee & St. Paul
Chicago & Northwestern
Chicago St. Paul Minn. & Omaha
Cin. Indianap. St. Louis & Chto ...
Denver & Rto Grande
EransTllle & Terre Haute
Grand Trunk of Canada
Gulf Colorado & Santa Fe.
Illinois Central (111. and So. DlT.)..
Do
(Iowa DlT.)
Indiana Bloomlngton & Western.
1153,717
379,000
369,747
79,625
1,814,000
1,203,800
287,500
96,518
266,149
82,587
667,008
138,029
601,300
84,200
110.436
$120,807
311,000
455,235
75,008
1,108,171
1,069,200
273,200
107,398
256,193
28,370
758,021
101,064
480,086
77,184
106,599
$32,910
68,000
85,488
4,517
105,829
134,100
14,300
10,850
9,956
4,217
91.013
36.965
21,204
7,016
8,887
OCTOBBK
THE CHRONICLE
84. 1880.]
Lolilsvlllo
A
NttHllvlllo
Mllwiiukee Lake Sboro
Niirthorn
X
A
iia.DW
11I.7M
MI.MO
Bng,4<o
Western.
717,«7
I'aclflo
Oregon Hallway
incrxut.
lasi.
188S.
tram*.
LonK Island
NavUtatloD Co..
T. U. (main linn)
M0.M6
'
IMcrtatt,
1,181
116.810
084.020
St,810
HI.4H7
«09,e«7'
71,871
459
gradually and then more rapidly advanced, almost wholly
on the report that parties
vania railroad were buying
control, in order to obtain
in the intereat of the
it
PeoDiyl-
and the convertible bondi for
posseaaion of the Central
Sew
M81 Jersey and keep the Baltimore & Ohio out of New York.
l>o
Do
(branohos).
88.830
S1.004
•M
Those who credited the story seemed to overlook the fact
si«,9iie
SOS.ISS
St. Loula A San Fnuiolsoo
18,800
St. Paul & Uuluth
80,aoe
74,060
a,84S
that the shares must stand in the name of holderii three
Total (24 roads)
l7,ff7t.S70 17,886,800
1887,048
months before the election to entitle them to vote,
Net Increase
0,180
and unless the election is deferred purchases of stock now
A glance at the above sufSoes to show that there is a made will be useless. Still another example of th e ease
pretty general tendency towards higher receipts than a with which prices have been advanced woe afforded on
year ago not very pronounced in all cases, but, neverthe- Wednesday in the case of Cleveland Columbus Cincinnati
less, suQiciently marked (as indicating a change) to merit & Indianapolis and the St. Louis Alton k Terre Haute.
The roads that form an exception to this rule are The former rose rapidly on the report that a traffic
notice.
the Chicago & Alton, which last year escaped any arrangement was in contemplation embracing this road,
material decline
the St. Louis & San Francisco, which the Ijake Shore and the Chicago & Alton; no details were
8t. L'jula Alton
Sl
ea.iM
—
;
then had an increase more than four times the amount of given nor was any statement made to indicate the nature
its present decrease
the Cincinnati Indianapolis S t. Louis qt the proposed agreement.
Terre Haute advanced on the
& Chicago, which is suffering from the failure of the wheat revival of the rumor that the scheme for the retirement
;
crop
;
the
Grand Trunk
of Canada,
which, besides the
depression of business in Canada, has the competition of
the Canadian Pacific to contend with and the Louisville
;
&
of the
preferred
execution.
was about
stock
Among
to
be carried into
the low-priced stocks speculation has
Wabash es. Like Erie & Western,
been conspicuous in the
whose present loss is in addition to a very the Nickle Plates, Atlantic & Pacific, and even Ohio Cenheavy loss in 1884. But against the decrease on these tral, speculators apparently making no inquiry regarding
roads, we have eighteen companies with an increase, com- intrinsic values, but buying only because prices were low.
Nashville,
among
prising,
others,
roads so widely separated as the
Under such
conditions
as these
is
it
not at
ail
sur-
Denver & Rio Grande, the Gulf prising that there should have been somewhat of a reaction
Colorado & Santa Fe, the Northern Pacific, and the roads in the market the past two days. On the contrary, the
and if the host of minor roads, omitted wonder is that the reaction should have been so slight,
in the Northwest
for want of space, could be included, the exhibit would be and so quickly over, a decided recovery occurring in the
even stronger.
An unfavorable influence was the
closing hour yesterday.
The question that naturally arises in connection with this passenger rate war that has broken out between the East
improvement is whether the change is likely to be perma- Tennessee and the lines in Georgia, and which in its results
nent in character, or whether it is merely ephemeral, due involves the Louisville & Nashville and other systems, the
On East Tennessee having made reductions to points as remote
to some temporary circumstance or circumstan ces.
was
last
that point it should not be forgotten that October
as Chicago, St. Louis and Kansas City. This seems to be the
an exceptionally unfavorable period, and this remark ap- same old trouble that has cropped up time and again
plies not only to comparative railroad earnings, but before.
The East Tennessee and Louisville & Nashville
to all other comparisons bearing on the business situa- have been at loggerheads ever since the former entered
attending the Presidential Georgia and paralleled the Western & Atlantic.
It is
for the excitement
tion,
election which was then ensuing was so intense as to put against this or by this Western & Atlantic that the fight
a virtual embargo on all trade operations, As a result, it is invariably waged, but the real parties in interest are the
follows that that feature is operating in favor of the com- two systems mentioned.
Previous contests have usually
When that has been said been wound up before much damage was done. Whether
parisons with the present year.
the
Central,
Illinois
;
if not all, instances,
a like outcome will follow in the present instance it is of
not be entirely attributed to course impossible to predict. The struggle, to say the least,
that circumstance, and therefore it admits of but one con- is more .than ordinarily bitter and virulent. But Southern
namely, that the course of earnings and our roads, even the strongest and the best, have very little
clusion
however,
it
remains true that in most,
the improvement noted
ctui
—
statements of clearings alike reflect the course of general
trade, in
been in progress.
The recorded transactions in share property at the Stock
Exchange have been enormous and almost unprecedented
this week, the daily business exceeding six hundred thousand shares, and on Monday and Wednesday reaching over
seven hundred thousand, while the trading in bonds has
likewise been very large.
At the same time, or at least
until the last two days, the tendency of the market has
continued decidedly upward, and it is claimed that the
buying by non-professionals has increased almost daily,
carrying prices of some of the specialties much higher
than the clique managers thought was possible when
the movement began.
The upward spurt in Reading
which commenced on Tuesday is perhaps a fair
illustration of the manner in
which some properties
have
been
influenced.
Just
nearly completed for institutin
which,
if
substance to waste, and therein
lies
the hope for an eariy
which a slow but steady revival of activity has settlement.
when
preparations were
g foreclosure proceedings,
pushed, would result greatly to the disadvan-
tage of holders of
Reading
stock, the price
was
at first
The following shows the receipts and shipments of gold
and currency by the New York banks during the week.
Wetk ending
lUeelvtd
Oct. 83, 18S5.
Iiy
N. T. Bank*.
$808,000
Qold
Total Kold and lesal tenders.
.
.
1898,000
Sk<i>p<d(>v
If.
r.
Bank:
Net Interior
JtovemaU.
ti.eoo.ooo
Lou..
185,000
Loss..
$708,000
185,000
$1,726,000
Loss..
$887,000
The 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
$1,700,000 through the operations of the SubAdding that item to the above, we have the
Treasury.
have
lost
which should indicate thetoUl 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,
WMk enOInt
Into Sanks.
Oct. 83, 1888.
Banks' Interior MoTement, as abOTe
Bnl>-TreaaarT operations
Total gold and legal tenders.
.
Ottto/Aitait.
Ntt Ckanoe
iit
Amk Holdtngs.
t8erl,000
e.
$887,000
4,300,000
Lose.
1,700,000
"$6.198,000
Lose. $8.887.000
THE CHRONICLE.
460
The Bank
of
England reports a
loss
£625,162
o£
bul-
This represents £714,000 shipped
lion for the week.
Bank
abroad and £88,838 drawn from the interior. The
a
and
gold
francs
1,435,000
gain
of
a
of France shows
of Germany
loss of 056,000 francs silver, and the Bank
marks.
since the last report has increased 6,022,000
in the
bullion
of
amount
the
indicates
following
The
European banks
principal
sponding date
week and
this
the corre-
at
last year.
Oct. 23,
1885.
Oct. 22,
0old.
1884.
Silver.
Bold.
Silver.
XU.
[Vol.
and the influence of these upon the country's general
development has been very pronounced. Nothing can
show this more clearly than the figures themselves. Take
the three States which in the past year had five-eighths
of the whole amount of the disposals, and note their sales.
In Kansas over 2 J million acres were taken up, in Dakota
only a trifle less than 3| millions, and in Nebraska over 3^
million acres in one single
millions, making more than 1
To add to the force of this let it be remembered
year.
these three States there are large quantilands 'constantly being sold, and nothing
farther need be said to indicate how greatly the country
that in each of
ties of railroad
*
Bank of England ....
Bank of France
Bank of Germany
20,565,047
20,920,972
45,866,724 43,861.110 42,344,066 41,136,197
7,118,400 21,355,200 6,816,000 20,448,000
Total thla week
Total prevloiia week
73.906.096 65,216,310 69,725,113 61,581,197
61,344.S28
74,378,846!65.017,461 69,462,8
—
tributary to the railroad system not only of the "West, but
This, however,
m
.
Office paid
Consisting
VaU.
Oold.
23
98
24
28
75
$1,000
6,000
3,000
6,000
1,500
2,000
$2,529,182 28
$19,500
$322,469
374,772
531,780
593,594
349,037
352,527
" 22
80
Oold
Silver Oer-
Notes.
Oertifle's.
tiflcates.
$214,000
272.000
412,000
401,000
249,000
249,000
$43,000
41,000
45,000
81,000
33,000
33,000
$437,000 $1,797,000
$276,000
$65,000
56,000
72.000
110,000
65,000
69,000
Included in the above payments
coin, chiefly standard dollars.
were ^$6,500
greatly fallen
The
the following
Besides the States
include also Minnesota, which
though
is
situated
total
has
sales in previous years.
had quite large
off,
its
giving the mileage in operation
last line in the table,
January in each year, will show
new road has kept pace with the
in those States the first of
how
the construction of
development of new Ian Is.
01-
Ter-
,„_
1880.
1883.
1882.
1881.
18*.
1884.
xitorii.
Acres.
.Icr.-*..
Acres,
2.258.493 2.533.238 4.355.038
843.968 1.083.736
935,788 851.037
643.200 884.028
1.181.682 1,324.718
769.156 004,061
2.784,538 1.516.469
Acres.
in silver
Dakota Ter.
Mlnnew>ta..
Nebraska
Kansas
. .
Tffi;
we
the same section, and which,
state
Total.
we have prepared
comparison, extending back to 1879.
mentioned,
movement we
the
also the figures for previous years,
and, with that idea in view,
of—
r.8.
full significance of
must go back, and get
in
DulitM.
Oct. 16.
" 17.
" 19.
" 20.
" 21.
is
States, is
impressed with the
$137,588 through the Sub-Treasury
for domestic bullion, and §27,889 for foreign buUioa,
during the week, and the Assistant Treasurer received
the following from the Custom House.
The Assay
being enlarged and extended.
the record of only one year. To become
whole United
of the
SALES OF PUBLIC LANDS.
Acres.
1
Acres.
6.689,504
1.657.
6.069.307
1.292,969
937.87.1
1.315.104
2.615,101
808.6.M
985.193
Acres.
3,744,136
505,101
3,515,705
2,832,401
Total
6,559.019 5.950.707 4,789.580 7,228,868 10.108.322' 10,607,477' 10,597,343
a ge In
11
13,951
10.892
13,061
9.729
8.145
12,137i
6,6'J6
operation.
M
sometimes expressed at the marvelous growth
Mileage there has
of railroad traffic in the Northwest.
Thus the aggregate of public lands taken up in these
increased wonderfully since the resumption of specie pay- four States was in the late year but little less than in the
ments in 1879. There are two miles of road where six year preceding, and somewhat greater than in 1882-3,
years ago there was but one, and in many cases leading having for each of the three years been over 10 million
Surprise
lines
is
have been duplicated and
to secure business, and
manage
triplicated.
in
Yet they
all
acres.
the great depression
the
It follows that in these
depression
three years
business had
in
already
—that
is,
after
begun— no
less
no part of than 31,311,142 acres were entered upon, an area in size
the country has fared so well as this very section.
There about equal to the whole State of North Carolina. Here
is the Burlington & Quincy, the Rock Island, the Manitoba,
then clearly we have had an influence in good part neutral,
the Northwest, the St. Paul, what a splendid record they all izing the effect on traflic of the tendency of general
make. They have not escaped loss of earnings that was not industries to contract during this period of depression, so
to be expected
and tome of then have had to reduce their that it is no wonder that the railroads drawing their susdividends; but their general career of prosperity has tenance from that section of the country suffered comremained substantially unimpaired. And this r^ord they paratively so little. Yet this represents the growth of
have made in the face of most extraordinary reductions in only three years. Since July 1, 1878 that is, in the
rates, the decline in which has been no less striking or period of seven years covered by the above table
the
constant in some instances even more so than in the disposals of Government lands in the four States have
that has characterized
all
industries since 1882,
—
—
—
—
East.
An
excellent illustration of this
—
—
—
in the newer part been 55,839,291 acres, an area one-third larger than the
found some weeks ago in whole of the New England section, and almost as large as
our review of the report of the Manitoba road, whose New York and Pennsylvania combined. That means,
average freight rate per ton per mile had fallen in three (even if we make some allowance for speculative claims and
years from 2-51 cents to 1-52 cents.
entries), a vast influx of settlers, and that in turn means a
of the section
m question—we
We refer to this development
to-day, because in great vast increase in the productive forces now at work, and in
due to the opening up of a vast amount of the demand.? for consumption. But lest it may be supnew territory, and because we have obtained the statistics posed that the growth of mileage has not kept pace with
of Government land sales for the fiscal year ended June
the increase of new territory thus opened to settlement^
30, which show that the takings of public lands in the we may say that as against 6,626 miles of road in opera-
measure
it is
section referred to continue the chief feature of that movement. It is pretty generally understood that large areas
tion
which a few years ago lay neglected and unoccupied,
have become populated and brought under cultivation,
but we doubt if most persons have any idea as to the
extent to which this has been done in the newer Western
Not
to speak of the sales of lands
by the
1879, there
are
now
nearly
14,000
actual figures being, as will be
Even
in the late calendar year not far
—
—
from 1,000 miles 890 miles were added.
It will be noticed that though the aggregate of takings
for the States given has not varied
railroads,
of which but imperfect records are obtainable,
the disposals of public lands alone foot up an immense
amount,
1,
seen, 13,951 miles.
,
States.
on January
miles in that section, the
years, the totals of
I
the
individual
much
in the last three
States have changed
very decidedly.
Dakota exhibits a marked falling off
from the extraordinary figures of the two previous years,
OCTOBKB
THE CHRONICLE
24, 1885.1
KJl
the other hand, Kansas
Here WO see that tho dinpoMla for
year wet*
over two million acres below those of the year preceding
and three-quarters of a million below 1883, but that
nevertheless they amounted to over lf> million acrei.
We have already referred to the fact that Kansas and
^nd Nebraska have increased their aggregates in a most
Nebraska has been steadily gaining
Striking manner.
Nebraska decidedly increased their aggregates; aside from
these, most States have failed to reach the totals of the
rhen the takings were respectively ii,G89,594 acres and
^,0G9,307 acres, but the total
teres
very large
is still
—
—and greater than that of any other State or
come dovrn from
linnesotB, too, has
1883, to 505,101 acres in 1885.
inoo
1881,
when
the
acres,
now
till
territory
1, '292,961)
disposals within
year's
ched only 643,200
On
3,74i,i;i(;
acres in
its
border
they are 3,515,705
previous year, the exceptions being what
interior
Pacific Coast
States,
may
be called the
namely Arizona, Colorado,
The Southern States all
and larger than ever before. The previous year's Idaho, Nevada, and Utah.
bad been considered exceedingly liave smaller aggregates.
Among these the absence of
Heavy, but here wo have an aggregate nearly a million Texas may be noted, but in that State it should be
cres
greater.
In this State alone the disposalg remembered there have never been any United States
In Indiana, Illinois, and Ohio, the
[luring
tho last three years have been 7,445,910 Government lands.
teres.
What this represents may be understood sales in 1885 were nil, and there the public domain is
ores,
stal at 2,615, 101 acres
when we remark
that
it
comprises an area over one-third
greater than Massachusetts, and nearly as large as Massa-
In Kansas the jump
chusetts and Connecticut combined.
has been more sudden, the sales or disposals in 1883-4
having been only 985,193
2,852,401
acres,
and
takings of public lands,
is
and in 1884-5 being
With such
large
sales
too
large
by the
the great increase in tbe production of cereals
railroads,
in those
acres,
already stated.
as
two States
—
in recent years
^particularly of
corn
In Kansas at least the sales of
easy to understand.
exhausted.
In great degree this
is
Iowa,
also true of
which reports disposals of only 5,645 acres for the late
In that State, however, there is some unoccupied
year.
land still in the possession of the railroads, though even
that cannot be very large.
In Wisconsin and Michigan,
too, we presume most of the public domain has been
taken up.
So notwithstanding the falling off of two
millions in
ing in
the aggregate disposals for the country, bear-
n)ind
that
desirable lands have
in
many
States
already been
most or
disposed
all
of,
of the
the total
for must be considered as keeping up remarkably well.
If any one wants to know the precise extent to which
Kansas division reports sales of
492,830 acres in the nine months of this year, against the public domain has been entered presumably for
settlement during the last seven years, he has only to
268,381 acres in the nine months of last year.
The prominence given to th# four States which have add together the totals given above, when he wUl find that
been the subject of our remarks, is warranted by the the takings reach 89,793,151 acres, covering an area over
fact that the sales in these States comprise by far the twice the size of the New England section, greater than
greater proportion of the total sales of public lands in the whole of New York, New Jersey, Pennsylvania, Delathe country, and it is towards those States that the tide ware, Maryland, and West Virginia together, and greater
of settlement is tending.
"We have, however, the figures also than Ohio, Indiana and Illinois combined. Only in
for all the States, and may briefly allude to those not that way can we appreciate the magnitude of the new
already mentioned.
Below is a statement comparing the territory opened up to trade and commerce within recent
The benefits that have already resulted from this
sales for seven years for each State and territory where years.
the Government has had public lands at its disposal. extension of our producing area no one will attempt to
The figures include only disposals for cash and under the belittle the benefits that are yet to result hardly any one
homestead and timber culture laws that is lands pre- can overestimate. There is but one danger that of
show an equally progressive movement,
railroad lands
the
Union
Pacific
on
its
—
—
;
—
—
settlement — and not lands
mileage,
and
thus
(swamp repeating in the West the sad catastrophes
lands) which must be regarded simply in the nature of marked the railroad history of the East.
transferrals, involving merely a change «f title and not
that
have
sumably entered upon for
tified to
the railroads
cer-
passing into the possession of
California..
Colorado...
Dakota
1879.
18S0.
1881.
Acres.
Acres.
Acres.
162.7:3
88.202
208.»3a
379.981
110,981
sao.380
18,907
301,407
364,955
186,437
1,857,011 2,258,493
Klorida
Idabo
Iowa
60,985
91,400
94,985
120,323
11.901
9.06<J
Indiana....
Kanaai
AND
27,«»
UlCtilsan...
Mbstsslppl.
Ulaiouri...
185,630
93S,7SS
21,Zi5
40.8BV
Montana...
66. IM
MUueaota.
VV isconstn..
Wyoming..
Grand
Acres.
Acres.
886,093
40.485
316,942
935,416
516,487
6,68U,5f5
434.749
6,099,307
133,008;
166,948
232,940
6,076
10,045
808,051
269,461
9,697
6,306
40
238
808.8S5
487,899
320,537
085,193
620,644
273,693
843,968
130,970
1,086,737
1,202,999
358.217
616.511
937.876
230.624
98.508
112,849,
103,073
643,2001
236,089
246.458
403,682
ioi>,»ag
1,315,104
2,615.101
4.990
8.4S7
S15,S76
91.407
210.340
851,027
65,727
769.15^1
117,830
299.638'
!«0,«!1
339,418
204.734
103.308
9;,4ei
82.712!
215,310
131,33i;
421 J»7
I97.0rj
374,823
234,K67
33,831
41.247
46.263
58,307
38,3flU
19.4451
88,659
Milo
Oregon
llah
Wash'n Ter
Acres.
838,998
57,428
460,656
704,274
410,919
203,165
181,690
884,028
10,827
103,739
6,107
304,199
83,909
444.166
447,268
37,33»
1888.
40
634
Nebraska... I.181,6S2 1,324,718
-NoTada
43,410
31,537
V. .Muxioo..
1384.
9(M,0«1
486,476
512,328
S.7S1,5S8 1.5111,460
liOolafauia..
1883.
Acres.
324,131
21.187
437,015
424,538
415,465
493,336
215,042
876,587
2,533.286 4,355.039
147,973^
321,694
17,124,
677
....
188S.
400,013;
40j
Illinois
railroad
HATES OF INTEREST IJff FARMING SECTIONS.
settlers.
TO JUNE 30, 1885.
AlAMina...
ArUona....
Arkunsas..
duplicating
or patented to the States
DISPOSAI.S OF PLULIC LANDS FOR CASH AND UNDER THE IIOjrESTEAD
TIMI1EE-CP1.TUBB LAWS BA' FISCAL YEABS FROM JULY I, 1878,
StAtet and
Territorla.
unnecessarily
57
248.836
209
490,770
111,914
793.7n)
454,002
187.400
418.:I02
191.476
144393
244,283
897,834
662,599
3.744,136
273,031
284,003
5,645
2332.401
1,')9,.'>9I!
81,773
505.101
111. COO
279,»«1
318.601
3,.5
15.705
3,037
162,505
55
635,943
1-^.868
915.128
293.572
595.787
407,a59
167,730
480.181
166,177
552,807
total 8.049.219 9.090,493 S,379,518'l 2.529.262 16.8:10,455 18,283.821 16,083.311
A
few weeks ago the editor of an Eastern paper which
had drawn attention to the enormous accumulation of idle
deposits in the New York banks, received a letter from a
subscriber in a rural county of Indiana, in which the
writer somewhat plaintively inquired why some of that
money could not be
transferred to
other parts of the
was greatly needed. For example, he
himself would be willing to borrow $500 at the beginning
The
of 1886, and return $600 on January 1, 1890.
security which he offered for principal and interest was
his neighbors' opinion of his honesty and industry.
The only direct interest this incident possesses comes
from the widely-mistaken notions of the nature and movements of capital which it illustrates, and the evident sincerity and good faith of the Indiana farmer, who seems
country where
it
have thought that the acceptance of his proposiwould bring relief to some too-opulent bank as well as
needed capital into his own pocket. We all know that in
every community that is growing in civilization and wealth,
the rate of interest tends to a lower level, and to the same
But we
level, as naturally and inevitably as does water.
really to
tion
know
also that there are natural obstacles that cannot, as
well as artificial obstacles that may, be removed,
which
THE CHRONICLR
462
rvoL. xLi.
is of two kinds. One of these companies " places
prevent both water and the rate of interest from ever business
upon Western real estate, the lender or the
mortgages
may
simile
the
And,
if
level.
same
the
actually reaching
borrower,
or
both, paying a commission to the company
interest
of
rate
the
that
unlikely
as
just
it
is
be continued,
It also lends money upon such mortgages
the as a broker.
will ever be the same the world over, or even within
United
limits of a country like the
it is
that the
Superior will ever be at the
Lake
surface of the water in
States, as
"What we have to look at, however, is
not what cannot be effected and can never be expected
to happen, but what will happen and is occurring daily
level of the sea.
upon its own account, procuring the funds for the purpose
by the issue of its own debenture bonds. The person who
desires to invest in mortgages thus has his choice of lending
his
money
risks,
outright to a single
or of
at a
lending,
borrower, taking
somewhat lower
all
rate, to a
the
com-
pany which will take the risks. In the one case he
special
receives seven or eight per cent, or even more, less the
no
In
the
artificial obstruction, the rate of interest is always very commission to the company for the negotiation of
high. Every circumstance contributes to make it so. The mortgage; in the other case he receives plain six per cent
before our eyes.
a strictly
new
country, even
when
there
is
borrowers are needy but self-confident young men, who interest on a bond.
The Western local companies do not, so far as we are
fancy that with money they can become quickly rich, and
who are satisfied to pay usurious rates. The local money aware, issue any bonds. They confine themselves to the
lenders are few, and their supply of loanable funds
If they set up a bank they receive but
large.
on
and must pay
deposit,
Foreign capital
that.
interest to depositors
who are aware that they incur a large
compensate themselves, require a high
down
even upon
men
and who,
What,
risk,
rate.
of interest,
the rate
not
is
is
to
in
the
gradual modification and finally the reversal of all these
But the most important of these changes
conditions.
from the gradual introduction of foreign capital.
Borrowers learn, to be sure, from their own experience, or
from that of others, that as a matter of fact there is a
point in the payment of interest beyond which we cannot
go and yet use money at a profit. But the reasonable
demand for money on loan increases nearly or quite as
fast as the local loanable supply; and accordingly the ordinary rate of interest would not decline very rapidly after
the original fifteen or eighteen per cent rate liad dropped
to ten or twelve per cent, were it not for the fact that as
the community grows in importance and settles down into
orderly government, fresh capital is introduced from withThis movement of money it is which has already
out.
brought down the rate of interest in the extreme West,
and which is certain to bring it lower yet.
arises
new
Just here, however, a
arrest this tendency; for
obstacle frequently arises to
so often happens
it
that natural
removed only to give
People forget that any law of a State
barriers are in the progress of time
place to artificial ones.
which robs capital of
jeopardy any form of
its
rightful
capital
earnings or puts in
already fixed
within
its
even discloses a lax public sentiment as to the
rights of property or the inviolability of implied as well
as actual contracts, are simply hindrances to lower interest
rates.
Our country is full of illustrations of the folly of
limits, or
such
legislation.
in his
own
Even the Indiana farmer can
State which he
is
Georgia, for recent action has
find laws
to-day suffering from, that
are subject to this very criticism.
made
Or take
it
the case of
a conspicuous
illus-
tration; that State cannot retain
on its statute book the
commission law which it has just refused to
amend, without its citizens more than paying many times
over in divers ways for the lower freight rates they gain.
railroad
And
capital discriminates even in such a case, for as the
planting interest chiefly sustains the law, the planting
interest mainly suffers for
But there
is
just
now
a
favoring the distribution
which too
it.
movement in progress which is
of money in farming sections to
attention has been paid, in our opinion. We
working of the numerous mortgage companies
little
refer to the
that have been springing up, both East and West,
during
the last few years.
These companies are of two classes,
though the objects aimed at by each are similar,
if not
identical.
There
are, first,
the Eastern
For example, a mortgage
Kansas will have an agent in several Eastern
cities
New York, Boston and Hartford let us say.
Those who wish to borrow apply to the company at the
home office, which notifies its agent in Hartford to place
such and such mortgages on the property described. The
company requires little or no capital, and incurs substantially no responsibility
and if energetically managed and
business of mortgage brokers.
money company
not to be had except from
is
such a country, brings
little
companies whose
in
—
;
well
represented by
recompense the
its
Eastern agents,
it
can not only
latter quite liberally for their services,
but
managers a handsome sum upon a very moderate
investment.
The number of companies of this latter class
is becoming quite large.
In some of the Western States
the field within which a company operates does not extend
beyond the lines of the county in which it is located.
pay
its
Statistics
wanting, and
will
as
to
it
is
the
extent of this busines are wholly
not probable that State governments
undertake to exercise supervision over the companies.
shrewd swindlers might posof credulous and careless investors, through the use of the mortgage company machinery; but up to the present time no abuses have been
reported.
Properly conducted, such companies may confer great benefits upon both lenders at the East and borrowers at the West. Indeed they have done so already.
They have given to the former investments at a higher
rate upon perfectly safe security than could possibly have
been obtained with as little risk at home, and they have
supplied funds to the latter on terms which do not involve
the payment of all profits by way of interest on borrowed
money. It can scarcely be doubted that it is the inde
pendent investment of money in the West by Eastern
capitalists that has brought the average rate of interest
there down to not more than eight per cent.
Certainly we would not be understood as asserting either
that the particular development of the mortgage business
iiere mentioned is the sole
perhaps it is not even the chief
cause of the easier rates for money in the West; or that
there are not still numerous and large districts where lend
ers can ask and obtain one per cent a month or more, on
as good security as there is in such communities.
All
developments and improvements contribute to the reduction of interest rates. But the fact remains that through the
agency of mortgage companies, and by the action of independent mortgage brokers, many million dollars, tens of
It is easy
enough
to see that
sess themselves of the
money
-
—
—
-
ready money have been put into active use in
West and Southwest; and the competition is now
millions, of
the
enable any farmer, in any State which protects
money by mortgage of his property, at a
rate which is not oppressive.
Moreover, since the way
has been pointed out, it may be anticipated with great
confidence that further competition will reduce that rate
still further, and this change will carry with it a reduction
of the mercantile and banking rates.
sufficient to
lenders, to raise
October
THE CHRONICLK.
24. 1886.]
4«3
we are not wholly in the dark aa to the
which have brought about the change so far, and, therefore, not wholly in ignorance aa to the motivee of French
tainty,
THE FRENCH ELECTIONS.
Not
in
many
yeai-s
has so
much
interest been
in France.
upon the rarliamentary elections
centred
There were conservatives.
It is not easy for any party under the
was discontent through- heat of election excitement wholly to conceal their motiree
out the country, that worst kind of discontent which comes or their purposes. There are grievances to be redreeeed
There was division of sentiment among the or there is a point of progress some fixed purpoie to
of want.
more intelligent classes as to the wisdom of the home and be accomplished, all of which become favorite r&ll]rlng
A new electoral law cries. Now it is noteworthy that throughout the election
foreign policy of the men in power.
many
Tliere
reasons for anxiety.
—
had come
into operation
and
;
it
was known that the main
purpose of that law was to strengthen the republic, as
against both
that
all
monarchy and imperialism.
the parties were putting forth
It
was no secret
and
their strength,
contests, while
to the
much
has been said pro and
Church and the Concordat,
aSair, in regard
to
—
e(tn in
in regard to the
regard
Tonqnin
Madagascar, in regard to the genGovernment, and in regard also
eral colonial policy of the
conservatives were not without hope, the to the condition of trade and industry, nothing haa
were confident of victory. The result of the been said about the restoration of either monarchy or
election held on Sunday, October 4, which showed so large empire.
It is reasonable, we think, to conclude that the
an increase of conservative energy, and which promised a French people know their own affairs better than oatcomplete conservative victory, was thus somewhat of a siders and it is hardly necessary to credit them with
If the supplementary elections deep and secret designs beyond what is common with their
surprise to all parties.
should be equally pronounced, the conservatives, if they neighbors.
It goes for something in oar judgment that
had not a clear majority in the Chamber, would have, at during this exciting election contest they have uttered
least, such commanding strength as to be able to shape nothing which can by any fair means be interpreted as
that while the
radicals
;
the government at
signifying dissatisfaction with
will.
the republic
as such or a
was not at all wonderful preference for either monarchy or the empire.
that, during the interval, there should have been a good
On the other hand it is well known that there are
The extreme radicals, if tliey did not many French people sincerely attached to the Church of
deal of wild talk.
see the empire, saw the monarchy, in the near future
Rome. Disestablishment in any shape, they consider, would
and hence there was no end to the abuse to which the be ruinous to the Church. Very likely they are wrong in
It was time, the public this particular, and that the church would gain rather
Orleanist Princes were subjected.
was told, that they should be driven from the country, and than lose by its severance from the State. It matters not
the more effectually to destroy their power, and to make what the truth may be.
It is enough if that be their
Under such circumstances
it
;
them harmless for the futuie, that their estates should be opinion and that such is the opinion of a large section of
confiscated. The supplementary elections have since taken good people in France, especially of good women, we are
place; and from some cause or other, probably in part from not permitted to doubt.
These people have said through
;
the greater energy put forth by the radicals, and probably
the
ballot-box
the
to
men
who
rule
France,
from a wise restraint exercised by the conservative " Ydu must leave the Church alone.'' There is also a
leaders, the conservative strength at the ballot box was large body of Frenchmen who are of opinion that France
less pronounced than it was on the first day's election. has enough of territory; that she has enough to do at
The excitement in France has in consequence very con- home in Europe without wasting money and without shedand anything in the shape of a violent ding the blood of their young men in far-off Tonquin, and
siderably abated
change of government is no longer to be feared. Accord- far-off Madagascar; and these people have spoken through
ing to our latest news the opinion prevails in France that the ballot-box and said to the men who rule France, "At-
also
;
no sweeping change of ministry will result, although it is tend to our domestic affairs; save our money; spare our
These are the
at the same time noted that the Minister of Agriculture sons, and leave Quixotic enterprises alone."
and the Minister of Commerce have both failed of re-elec- voices which seem to us to be making themselves heard
tion and have both been relieved of oflBce.
through the elections and if French statesmen heed these
Looked at from any point of view, the unusual demon, voices, the republic may be safer and stronger than ever.
stration made by the conservatives is deeply suggestive
But if there should be no change of policy in the govand it is undeniable that upon the policy of the near ernment in these particulars, is it not reasonable to anticiAs the pate that the conservative element will become stronger ?
future their influence will make itself felt.
Chamber now stands, there are 200 conservatives and For if France is to remain a republic, popular not arbi384 republicans or radicals. Of these republicans there trary rule must prevail; and to us it is a hopeful sign
that the people are learnso many, an evidence of greater stability
are a large number known as opportunists
indeed, that if the line were drawn between them and the ing to express opposition through the ballot-box and not
more radical section of the republican host, the conserva- through revolution. It will not be long until the Assembly
;
;
—
;
would be much the strongest of the three sections of shall be called upon to fill again the presidential chair.
In critical emergencies the question will be President Grevy's term expires on January 30, 1886, and
as to the vote of the opportunists.
They hold the balance the temper of the Chamber as well as the temper of the
of power
and as they shall lean to the conservatives country will be seen in the choice of his successor.
tives
the House.
;
or lean
to
the
radicals,
"With such a House,
it
is
so will the victory be decided
reasonable to conclude, radical
New
To)rk
& New England.—At
Hartford, Conn., Oct. 2«,
measures are not likely to find such favor as has been the sales of Series B of the New England Car Trust rolling
extended to them for the last seven years. And the stock occurred in the United States Court room. Ten locomoquestion, which will begin to be of commanding interest tives were sold for |55,250; 18 passenger coaches for $56,000,
making a total of $313,000.
so soon as the Chambers meet, will be as to whether the and 370 gondola cars for $101,750,
purchase
at first was for the Trustees, as in Series A, but
The
tide of feeling is in favor of a conservative or in favor of
when 310 gondola cars, 7 locomotives, and 1 passenger coach
a radical policy.
had been bid oflf for a total of $98,400, the remaining purfor Henry L. Leach, of Boston, trustee.
Although in such a country as France it is especially chases were made
was $114,600. The sale yielded about 90 per
sale to him
cent of the appraisal.
The
diflScult to
forecast
the
future
with any degree of cer-
THE CHRONICLK
464
BATES OP EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
MXOHANeS AT LONDON- Oct.
OnAmstordHUi
HsmbuTK..
Berlin
Frankfort.
Vienna
Trieste
...
Antwerp
Sate.
Time.
AmBterdam
.
..
8.
KXaHANOH ON LONDON.
Latetl
Date.
3 luog. 123>4 •12-3%
SUort. 1211s •12-2»s
3 moB. 20o3 O20-55
Oct.
Oct.
Oct.
Oct.
»2065
2052
Oct.
l2-72i2'<»12-77ii Oct.
12'72is a 12-7712 loot.
a25'50
23 14 923
25-4.T
,Oct.
Oct.
SUort. 2.5-183»®25-2fii4 Oct.
Paris
3 ni08. 25-3tii4 a 25-4114 Oct.
Paris
Oct.
25*65 «25-70
G«I10»
45%a45ia
Oct.
Madrid
Oct.
4S!^a>45ia
Cadiz
Oct.
511316951%
Usbon
Oct.
Alexandria
Oct.
Constant'plc
Oct.
Is. 66i«d.
Deai'd
Bombay
OC.
Is. 65]ed.
Calcutta.
Oct.
New York... iJOdaye
Oct.
HonK Kong.
Oct.
ehanKbal
Bt. Petersb'g
—
Time.
Bate.
abort.
12-03
Short.
20-37
20-37
20-37
1-2-G6
8
8
V
3mo8.
9 Short.
9
8 Short.
8 3iuos.
8
8
8
8
9
all
:
OviT^
market
Interest aZUyunA
for deposits by
rates.
Trade
Barik BUls.
Bills.
Joint
tofulon
At 7 to 14
S'ocfc
Four
Six
Three
Six
Fawr
Tliree
OaW. Davr.
Months Months Months' Months Months ^Months Banks.
1«@
Sept. 4
"
-
®
"
"
18
25
Oct.
2
m<s
i«o
i:Mi32« 25i®3M
2«®2?« 1«®2
- 2W32«3 ®
3
15«32
ijisa iH-3i
11
-
-
2MS2>i,8
9 4mos.
®
-
2Ma -2K®3
|2M®25^'2Ji@S
-
H-H
- IH@.2 is ®2K2*i®S
H -H
® - i;aS2 !l.)^a2^2Miia3
of
Bank
the
of
position
the
shows
The following return
consols,
England, the Bank rate of discount, the price of
Bankers
the price of middling upland cotton and wheat, and the
pre-^rious
Clearing House return, compared with the three
-
!2!<@
'2
1
years
9 30 days
it
•
46-30
l8. e^ajd.
Is. 6332d.
4-8314
3s. 5%d.
4s. 858<1.
IFrom oar own correspondent.]
London. Saturday, October 10, 1885.
The war cloud which has been overhanging the Eastern
horizon for some days, remains undispersed, and there is still
a chance of further troubles, although the probabilities of a
pacific settlement of the disputes are considered to be much
better than they were. The uncertainty, however, in which
the whole question is involved naturally has a tendency to
increase that caution which has been so long the characteristic
of
about with the employment oflfeiing as small as at present
is hard to conceive.
The rates for money have been as foUo-ws
1884.
1885.
109-56
Pel. t'rs
9
9
25-25ia
2319,2
25-23
[Vol. XLI.
*
Olronlatlon .excluding
7day &
a.
1883.
1882.
A
*
26,251,750 26.336,325 26,951,525
4,134.9!i3
4,597,765
5.712,953
25,960,318 25,616,763 25.8S3.184
15.509,998 14,179,0US 13,981,057
23,545,566 20,769,395 24,402,006
9,992,493
10,473,078 12,677,100
other bills.. 25,509,430
5,623,110
Public deposits
29,666,908
Other deposits
Govemm't securities. 19,114,642
22,278,651
Other securities
Res'veofnotes&coln 11,705,498
Coin and bullion In
both departments.. 21,464,928 20,974,828 23,203,425 21,194,018
Proport'n of reserve
3513 p. 0.
42»4 p. 0.
32^8 p. 0.
32-98 p. c.
toUabUities
o P- o3 p. 0.
3 p. 0.
2 p. c.
Bank rate
lOl^s
loiSia
101
lOQlie'l.
Consols
39s. 60.
40e. 2d.
32s. 4d.
308. 6d.
Eug. wheat, av. price
eifld.
5B,8d.
Silled.
5Ha.
Mid. Upland cotton..
lOHd.
fisgd.
S^id.
S^sd.
No. 40 mule twist
102,673,000
102,741.000
Clearrng-HSuseret'n: 107,292,000 102,292,000
The Bank
chief
rate of discount
and open market
Continental cities now and for
rates at the
the previous three
w«eh3
trading operations.
Sfpt 17.
Sept 24.
Oct 1.
Nothing special lias occurred in commercial circles during
Oct 8.
Ratuo)
the week. The Board of Trade returns for September and the
0p«n
Bank
Interft at
Bank Open Bank Open Bank Open
Market
three quarters are not satisfactory reading. The shrinkage
Bate. Market Bate. Market Rate. Market Bat*.
l«
has made additional progress, and there is no sign of that Pi^ris
8
2
a
~S
2M
i%
4
4
4
2«
returning spirit of enterprise which has of late been so general Berlin
4
2H
4
4
3H
4
3«
4
2H
a topic of conversation. No doubt political events have had Frankfort.
4
2«
3
4
3
4
2!^
4
Hamburg
8
something to do with checking the expansion of business, but Amsterdam
2«
8
2«
2«
2M
2«
2M
3
3
2M
3
8
25i
it will be rather dispiriting if by the close of the current
4
4
4
4
4
4
4
4
year we have not some more tangible evidence of reviving
4
SM
3«
t
4
3«
4
6
e
trade than is contained in current reports. For some time St. Petersburg..
S
8
6
s
«
6
an
3«
3«
4
SH
4
3^i
past the changes in conditions have been so very slight as to Copenhafien
be all but imperceptible, and the healthier tendency reported
Messrs. Pixley & Abell write as follows on the state of the
is possibly based in no small degree on the more hopeful
bullion market
anticipations which have sprung up with the increase of
Gold has been in strong demand for the Continent, for wlilch quarter
and, m addition,
all arrivals of bars and foreign coin have been taken,
inquiries and the placing of some few orders in the hardware wlthdra\\'als from the Bank, to tl>e extent of £227,000 hiive taken
Tlie Nilehaa
sovereign:*.
in
£259,0(0,
received
also
has
The
Bauk
place.
When things come to the worst they must mend, is
districts.
brouiiht £16,000 from the West Indies, tliePotosi liaa brought £108,000
an old adage which finds not a few supporters. Business has from Australia, the Magellau has brought £16,000 from Chili, the
£9,000 Irom the East, the Tamar £49,000 frirtn River
been bad enough for a long period, and it is but natual that Paramatta
the Cape,
Plate, the Ha-warden Oastle has brought £108,000 from
Total, £340,000.
the most should be made of any symptoms of amendment. tue Leibnitz has brought £34.000 from South America.
River
Plate.
the
to
sovereigns
in
£50,000,
taken
has
MaBkelyne
The
But before hopeful anticipations can be consolidated into sound
Silver has fallen, in sympathy with the Indian Exchanges, from our
last week, aud though at the lieginulng of the
business we must witness some change in the money market. nuotationof 47 »i,d. of
week, a considerable arrival was placed »t 47isd., the price after the
The number of bills must increase and there must be an allotmentof Council bills yesterday, at Is. eii;,2d., hashad a fresh relapse,
and we now quote 47i4d. per oz. standard. We have received during
alosorption or at least a reduction of those plethoric balances the-KCek £28,000 from the -West Indies. £25,0tO from New ^ork.
Tha
fiotu River Plate. Total, £125,000.
which tell only too true a tale of commercial stagnation. Up £55 000 from Chill, £17.000
P.
O. steamers have taken £53,000 to India.
the
NUe,
to the present the signs of an improving trade may be abundMexican Dollars— The ponion of the «70,000 brought liy
from West Indies, which had not sold for arrival, realized 47 Hiad. per
ant, but they have not borne much fruit as yet.
.
.
m
—
<fe
oz.
Increased ease has ruled in the money market. Balances
The quotations for bullion are reported as follows:
have been further swollen by the distribution of the dividend
SILVBB.
GOLD.
money, and quotations have fallen away in consequence, not- London Standard. Oct. 8.
Oet.l.
Oct 8.
London Standard.
Oct. I.
withstanding that the Bank of England weekly return
d.
d.
A.
•.
47 9-l»
47!4
oi.
«hows a distinct loss of strength. The reserve has been re- Bar gold. Sue. ox. 77 9« 77 9M Barallver
Bar Bllver.contalnduced by £752, 100, the total now being £11,705,498, or, roughly, Bar gold, oontaln'g.
47 15-19
47«
Ing & grs. gold. .01.
77 IIX
80 dwts. sllver.oz. 77 11)4
one and a quarter million more than last year. Of this loss Span, doubloons. OS.
oi- so 15-ia 51 5-10
Cake illver
Mexican dots... 01.
£443,525 was on account of diminished bullion, nearly the 8.Am.doubloons.oi.
•whole having gone into general circulation and £308,775
Tenders have been received by the Bank of England for
because of increased note circulation. The payment of the £5,500,000 New South Wales 3^4 per cent stock. The applidividends has possibly had a deal to do with this distribution cations amounted to £12,380,700, at prices varying from £95
of resources, but it is clear that the reserve has now been 12s. to £91 (the minimum). Tenders at £91 lis. 6d received
reduced to such a level that it will not bear trenching upon about 26 per cent of the amount applied for, those above
much further. Coin will have to go to Scotland in connection that price being allotted in full. The average price obtained
•with the term payments, and although it will soon be returned for the stock was £91 13s. 5d. per cent. At this time last
its temporary abstraction will tell upon the position of the
year a similar issue was efifected, the minimum being then
Bank of England. This week a year ago the rate was advanced 92 per cent. Tenders ranged as high as £98, and the average
from 2 to 3 per cent, and if the Bank be drawn upon the next price obtained was £93 ISs, 6d. per cent. As monetary conweek or two as it has been during the fortnight just concluded, ditions are more favorable just now than they were a year
a repetition of the movement will be necessary. But the ago, it follows that New South Wales credit has rather suffered
difficulty is to get the open market to follow the lead of the from the frequency of recent borrowings.
Bank, and that can only be done by the value of money
The tenders for the Bahamas 4^4 per cent debenture loan
being really enhanced. How such a result is to be brought
or £35,000 reached a total of £74,100, at prices varying from
.
OcTOiiER
THE CHRONICLE.
24, 188B.J
Tenders at £98
101 to 08 (tho minitnutn).
465
Ss. Od. will rt-ceire
July there haa been a decline of over 100,000 Mictw. Thin will
naturally bring the wheat market into a •ounder
and the more so because American shipments com
A'UD lOs. Rd. i)er cent.
comparatively moderate scale. The stock of wheat in I.,ondon
The returns of the Cleveland Ironmasters' Association for is alwut 01,500 quarters more than
last year, notwltbstanding
Hei)tiMnber Hhow that the total nmkouf pig iron for the month that the imporUtions during
the flnt five weeks of the SMSon
was 203,152 tons, or 4,500 tons less tlian in August. The totiil have been nearly 1,000,000 cwts. below
last year's •-•"'
'-it
stock at the close of September was 429,437 tons— a decrease the supply is not excessive
for the time of year, b<
:
on the niontli of 781 tons. The foreign shipments from tliu quarters. Farmers are not sending
forward their pi. iii< <• nt
port of Jliddlesborough during tlio month were ;J0,102 tons, all freely. Their retii«noe
has indeed increased pari passu
l>eing about 10,000 tons less tlian last year, and a decrease with the
ultimate chance of obtaining a more remunerative
from August of 1,803 tons. The coastwise shipments were return. The improvement reported from New
York, and the
40,072 tons, or 11,439 tons more than last year, and an increase slow progress made with
the expancion of the American
upon August of 8,04(! tons. In the aggregate shipments tlie visible supply, are not without effect
upon our market, which
gain in September over August was 0,084 tons.
is
certainly gradually assuming a stronger position. Tho
The English Association of American Bond and Share following shows the stocks of some of
the leading articles in
Holders has issued a circular to the members of the Stock London on Oct. Ist compared
with the same time in 1884:
Kzcliange witli the object of inducing them to adopt a system
1885.
188-1.
.
of registration for American railroad shares. They maintain ,„,
qr». 602,822
536,702
S '"!'»*
g'^rloy
130,2.'54
96,318
that the scheme would unite and proportionately strengthen ?»'«
424.070
4u3.6.)2
-........-.,,,,.....,.
45 727
the English votes tliat it would put a check upon fraud by Midze
68.070
•''""r
J..."'.'.'.'.'.ik8.'356,'('32
325.8SO
verifying the registers that the collection of dividends would Hoor
bbis,
1,246
3,060
be simplified, and that risks of loss of the share certificates on
The following return shows the extent of the imports of
settling days would Imj averted. Tlie committee propose to oereal produce into the United
Kingdom during the first
issue certificates in exchange for the shares deposited by them, five weeks of the season:
mPORTS.
charging ild. per share for registration. The general opinion
about 68 per cent of the amount applied for, those above that
prii'o being allotte<l in full.
The average price obtained wiut
•.
,'x
;
;
seems
that
to be that the
committee is not sufficiently strong, and
backed by one of the chief London
will reipiire to be
it
banks to ensure the success of its movement.
The Board of Trade Returns for September and the nine
months do not, as already stated, show any signs of an
improvement in trade; on the contrary the shrinkage has made
further progress.
In the exports for Septemljer there has been
a loss of £1,881,381, making the aggregate deficiency since the
beginning of the year £16,380,866. In the imports the falling
off for the month was £3,285,810.
The imports into and exports from the United Kingdom
during September and the nine months were:
—
^Erporta liritish <<• ^Erpnrls Forrign a
Total Imports.
Iris/i I'roilucis, itc.~.
Colonial Mer'tlse.Sepiember. 9 Months. September. 9 Months, dejilemtier. D Months.
—
.
,
£
ii
1888
18S4
1885
£
£
.
SS,3'i7.-<«5
810.3BJ.159
20.495.491
.
:t;i.g4H,r,»<i
2ttl.949,51'4
2().5(J5,915
179,lie5.0W
176,96«,0»7
.
«;'.1I«3,7HS
a^J.lWJ.aJl
1S.621.864
180.ii8tl.231
The followmg
are
£
£
mi
0,482.000
47
B.36«.(lh«
5,08fl.0S2
4N!i9s'wi2
000
4a.314.K»
Wheat
1885.
6.875.40O
1.572,969
1,3^5.712
167,312
448,244
2.466,998
1,073.071
cwt.
Barley
OaW
Peas
Beans
Indian
Flour
00m
Cotton.
From United States— September.
Cwtt.
2l>9.610
9 montbs..
8.118.358
count ries— September
621,383
9 months
11,348,876
Wheal.
UniteU Slates— Atl. ports— Sept. ].61.<?.730
9 iiioiitln
10,819.I2ii
Paeitlc porte—September
45S,436
9 months
10,595,705
All countries— September
6,324,190
9 uiontliB
49,920,273
11
1885.
Imports of wheat, cwt. 6.875,460
Imports of flour
1,07.<,071
Sales of bome-grovrn.. 4,422,624
Total
oats in
the
Ctrts,
167,080
5,991.854
210.834
8,527,072
2,373,082
11,914.167
1.081.546
9,175.574
545,817
7,474,067
12.697,811
7,036.219
37,690,147
48,279,289
87.1,816
6,318,23;-!
1884.
..
Do 9 niontli?*...
Szports In "er't.
Do 9 mohtliH....
.
less.
To and from OnUed StaUs.
1888.
1884.
1885.
£
£
£
S7H.741
0,4as,4«9
0.0M'<,908'
8,941,287
751,701
8.301.383
2037is«<l
7,121,465
4.9S2
1.5K0
461,365
6,064.5»<S
4.4011.895
9S4,7fil
3.53S
898.031
188.500
170,860
SI3.BS1
6.«:«,142
7I4.47S
577.451
7.2S,S.703
824.42S
a.17..W4
T,19,<,6«1
137.41M
2,088,733
1,922,179
2.a«;U31
344,742
.
Sei>t
. ,-
SILVKR.
Importt In Sept
on
1883.
7,697.248
1.292,903
4.810,850
14,493,279
13,831,001
18OT.
9,808,788
1.389,710
3,982.600
15,181,093
home-grown wheat, barley and
the leading markets of England and Wales during
first five
sales of
weeks of the season, together with the average
compared with the previous season, are shown
in the following statement:
Sales.
Cmts.
252,282
7,043,720
445,136
10,731,304
694,536
8.484,956
am from all Countries.
1883.
month
iths....
11.5,137
1.674,062
1.389,710
prices realized,
m-j.mn
i,s44.5i4
7«5,wik
(l,-.s.S,!WI
7.u3l,4.iH
7,»8.i,974
270
"isjao
3H.425
"s.'l52i
""sii
The grain trade is firm but is not active. Wheat has been
held for more money, and in some cases an advance of Is. per
quarter has been obtained. From the statistics just pub-
18S4.
Av'ge
Price
s.
Wheat, qrg.
Barley
Oats
308.331 3t
145,824 31
41,657 19
Sale*.
1883.
Av'ge
Price
d.
1
1
379,338 33
227.202 32
6
4
54,176U9
5;
s.
SOU,,
d.
1
j^
*.
d.
335.119 41
145.963 33
92,441120
3
4
5
Converting quarters of wheat into cwts., the totals tor the
whole kingdom are estimated as follows:
cwt.
1885.
4,422.624
1884.
5.053,6J7
1883.
4,840,830
The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom
Wheat
Al present.
Last week.
qrs. 1,160.000
1,205.000
119.000
FIour,e<iualtoqr8
Maize
qrs.
133,000
309,000
282,000
Last year.
1,531,000
ISS.OOO
107,000
1883.
1,816.000
172.00O
314.000
EaxIIsh Financial iTIarketa— Per Cable.
."i.
9
6:i,659
3«2,S5->
1884.
7,814,962
1.627,690
5.05i,627
12,371,135
The extent of tne
1885.
936,351
589.356
7,691,228
9,369,885
1,053,247
1,450.670
929,892
Dmoutbs
12.245.412 11,361,374
12,344,117
KXPORTS TO UNITED STATES.
1883.
1884.
1885.
Tards.
Yards.
Yards.
Cotton piece goods—September..
3,128,100
3,821.800
2,719.100
9 months
49,204,100 44,175,900 3!»,812,S()o
liiuen piece goods— September...
6.032,900
710. 000
0,902..""lOo
9 months
58,814,300 57,099,200 54,7o5,6oo
Woolen fabrlc8—.Septt.'mber
389,200
40:!, 300
448,500
9 months
4.266,000
4,375,300
3,73 t,30o
Worstedfabrics- Scp'''»'ber .. .. 2,997,400
2.628.300
3,184,900
9 njonths
25,963,800 28.941,100 26,086,700
The movements in the precious metals have been as follows:
Do
3.367.172
1,292,903
1):
Wheat
United gtate8-83ptember
9 montlis
All countries— September
Bxport"
Azportxtn
tn
1,136,377
115,593
351,474
2,409,718
1,627,690
1885.
1884.
Flour.
Import.^ In Sept
'^"
Do 9" m.i
nonlh.t.
1,261,32.5
1883.
9,808,788
672,176
1,499,493
76,704
1..5T5..'.88
some of the leading items of imports and
IMPORTS.
1883.
To
1883.
7,697.248
Supplies available for consumption (exclusive of stocks
September
exports:
A
1884.
7,814,962
2,216,802
The
daily closing quotations for securities, 8k., at London
are reported by cable as follows for the week ending Oct. 33:
London.
Mon.
Wed.
Thurs.
Fri.
471>,g
479,«
479,,
47»i«
Oonsols for money
10014 1007,g lOOSs
1005,8 1007,a
Oonsols for aooonnt
10014 1007,, 100 :^
1005,, 100",
Pr'oh rentes (In Paris) fr 79-40
8020 80 26 80'32is 8U-37>«
U. 8. 4'i8 of 1891
11579 116
116
116
116
D. 8. 4b of 1907
126^ 127
127
127
127
Canadian Paoltto
48 '4
4738
47
4714
47 >«
Chto. Mil. A St, Paul.... 87
S7''8
8788
88^
87»i
21i«
Erie, common stock
22<>g
22'\
2^%
Illinois Central
139
139
138 "a 138 >4 138 >«
56''8
Pennsylvania
54:^
S4»a
5.Sk
56H
Philadelphia A Readiiu
13
9'«
I2°g
9
lO's
103-3
Vew York Central
105 »8 106>9 107>fl I10d<%
47 1«
100 :^
Stiver,
per 01
Sat.
..<t.
Tues.
100%
116
127
48
861*
217«
138 >«
56>«
im
1057«
®ofmmct:ciaI anft pUsccUaweuttS ^ews
IifPORTS AND EispoRTS FOR THB Wkek.—The imports of last
it appears that the unwieldy stocks of flour
in London
which had weighed so heavily upon the market have been week, compared with those of the preceding week, show a
very defidedly reduced. On the Ist inst. the supply was decrease in both dry goods and general merchandiae.
288,800 sacks, or nearly 30,000 sacks more than at the corres- The total imports were $7,939,8d8, against |il.4->l,7:;i> the pnceding week and $6,35i),990 two weeks previous. The exports
ponding date of last year, but compared with the first of for
the week ended Oct. 20 amounted to |6, 138,055, agmiat
lished,
THE CHKONICLE.
466
$6,475,079 last
week and
The
two weeks previous.
$6,605,891
following are the imports at New York for the week ending
(for dry goods) Oct. 15 and for the week ending (for general
merchandise) Oct. 16 ; also totals since the beginning of the
fint
week
United States Sub-Treasury.— The following table shows
the receipts and payments at the Sub-Treasury in this city, as
well as the balances in the same, for each day of the past week
BalanceB.
in January:
VBW
Payments.
Receipts.
Date.
rOKBIOR IKPOBTS AT
[Vol. XLl.
TORK.
$
1885.
1884.
1882.
1883.
$2,222,620
7,966,147
$1,832,617
8,019,925
$10,188,767
$9,882,572
$3,007,013
$7,939,888
$112,351,114 $103,595,868
Qen'lmer'dise.. 297,733,911 268,317,706
$98,121,007
250,527,382
$33,709,643
227.454,861
Tor Week.
Dry Goods
Gen'lmer'dlae..
Total
Since Jan.
$2,010,3 04
$1,918,537
6,021,301
5,996,906
1.
Dry Goods
Total 42 weeks. $410,085,085 $371,913,571 $318,948,389
311,164.501
In our report of the dry goods trade will be found the im
ports of dry goods for one week later.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending Oct. 20, 1885, and from January 1 to date:
eXPOBTg FBOM
NEW TOBE FOB IHB WSBE
1882.
Fertile week...
Prev. reported..
1885.
1884.
1883.
i86,103.332
$7,101,311
281,911.681
$8,086,939
268,261,330
253,540,294
$6,138,055
259,505,840
Total 42 weeks. $276,348,269:$289,012,992 $259,943,626 $265,613,895
The following table shows the exports and imports of specie
at the port of New York for the week ending Oit. 17, and
since January 1, 1885, and for the corresponding periods in
1884 and 1883:
BXPOBTg Am) IMPOBTS OP 8PB0IB AT
NEW
Export*.
Week.
$303,660
West Indies
Uexloo
Tstal 1885
Total 1884
Total 1883
SineeJan.l.
$426,123
1,811,150
4,4'.;5.068
17,912
1,207.091
31,463
43;646
694.622
71,017
86,493.320
$60,952
1,538,889
218,621
$8,666,539
15,123,303
8,911,856
All other oountrles
$780 37,923,024
412,013
Bilver.
Great Britain
France...
$217,500 $11,605,695
19,642
583,903
340
140,818
238,155
.,
Germany
West Indies
,
$27,904
19,569
685,026
6,174
12,096
17.604
1,024
463,122
344,559
706,454
9,0i6
$238,229 *13,265,928
192,079 11,197.892
522,919 12,453,019
$36,898
72.626
270,639
$1,575,634
3.033.551
4,718,241
Mexioo
Bouth America
A.11 other ooantrlee
12,331
747
Total 1885
Total 1884....
Total 1883
7,548,217 12
$
43 156,928,296 88 15,223,022 39
19 157,671,675 03 15.143,981 90
28 158,292,711 78 15.213,253 61
13 153,710,120 72 15,107.723 22
46 158,909,365 30 15,116,310 95
76 159,218,266 38 15,051,173 31
5,058,891 25
Orleans & Texas Pacific Railway ComCincinnati
pany. Major Frank S. Bond, President of the Cincinnati
New Orleans & Texas Pacific Railway Company, says that
the financial arrangements which the Vicksburg Shreveport &
Pacific and New Orleans and Northeastern Divisions are about
to make, with the approval of the London owners of the
system, if the few Americans interested will consent, is that
prior lien bonds to the amount of $7,000 per mile are to be
issued by the directories of the two roads named. They are
to take precedence of the first mortgage bonds, and to bear
—
New
six per cent interest. With the over two million dollars thus
raised the roads are to be put in first-class order, the car
company trust notes are to be taken up, the floating debt
extinguished, and needed facilities obtained in New Orleans.
The result. Major Bond confidently predicts, will be that the
roads within a year will be earning on the first lien and
first mortgage bonds, and in a fair way to pay dividends on
stock.
amount
249.352
334,397
Boath America
Total...
801,912
992,834
799.854
1.083,965
715,054
685,223
ImporU.
$.
10,591
64,461
5,530,859
1,178,114
1,652.221
1,490,162
1,375,813
922,916
928,957
TOBK.
Week.
SinceJan.l.
45
85
74
63
77
63
Oct. 17.
" 19.
" 20.
" 21.
" 22.
" 23.
Currency.
Portland & Ogdensburg.— The committee of the second
mortgage bondholders, Wilbur F. Lunt, Edward F. Noyes and
Joseph S. Ricker, report that the receiver's certificates now
Sold.
Great Britatn
France
Gtennany
Coin.
to $250,000, bearing 5 per cent interest; that there is
a balance of $26,797 due on the "Delton extension loan,"
secured by pledge of $108,000 of second mortgage bonds, which
the receiver is authorized to pay; that part of the cars and
locomotives are subject to the liens of the Portland Company
and the Wason Company, to whom $27,906 is owed. Payment of the r.rst mortgage coupons, due July last and January
next ($48,000 in all), must be provided for, and also coupons
on receiver's certificates. Additions to car shops and engine
houses are necessary, and some bridges must be rebuilt soon.
They believe $50,000 will make it possible to meet all claims
except receiver's certificates, and $300,000 will suflice for all.
They recommend that the first mortgage remain as it is, that
$300,000 be raised by a new mortgage standing next in rank;
that for the second mortgage bonds and the overdue interest
on them, amounting to $3,873,214, new bonds to the amount
of $970,000 be issued, being about 25 per cent of the face of
the old bonds and the interest, bearing no interest for two
years, 3 per cent for the next eight years, 4 for the next five
and five per cent for the last five years. They also propose the
issue of $1,500,000 of preferred stock, $760,000 of which should
go to the citv of Portland. This would make the total debt
$2,070,000.
Of the above imports for the week in
American gold and $3,569 American silver
1885, $23,810
coin.
were
New York— Monthly
Foreign Trade op
Statement.— In
addition to the foregoing tables, made up from weekly returns,
we give the following iigures for the full months, also issued
by our New York Custom House. The first statement covers
the total imports of merchandise.
IMPORTS INTO
NEW TOKK.
1885.
MonOu.
Merchan-
Dry
Total.
Qoods.
dise.
Jmnarr...,
Febroary ..
March
April
May
10.808,800
10,214,498
10,385,689
6.262.984
,
June
Jnly
Aagost
September.
Total...
B,245.22S
6,271.511
8.72I.58S
10.291,609
11,170.773
28.457.008
13,698.890
11.397,824
26,898.814
28,845.320
28,175,206
39,997,704
39,573,030
25.261,039
35,646,728!
11,319.42S
31,394,061
42,713.489
25,996,497
23.856.680
32,259,481!
9,798,203
5,751,403
25,759,735
85,557.933
80,974,6as|
6,310.040
32.718.823
28.012,098
38,471.226
84,703.187
24,649.018
24,698.536
21.759,629
33,370.601
12,493,763
25,970.743
34,990,145
82.930.402
]
NEW
1,045.261
12,065,979
YORK.
83,742,080
At New
Torh.
Jlonthi.
18SS.
1884.
28.792,785
23,536,860
23,097,998
January
23,835.838
24.063.269
April
May
9,919.474
29.464.029
June
9,637,821
July
January
82.718.154
Fobmary....
23.71S.4S0
March
26,137,314
April
26.967.848
28.341,986
July
28,535.036
26.392.736
An^nst
September
27.116.882
31.258.112
28,057.053
28.149,209
26.838.557
''''"»'
21,676,101
CUSTOMS RECEIPTS.
MontJU.
June
34.822,138
38,173,506
21,102,08S' 83,018,189
94.683,791 241.215,509i335,899.800
Total MerchanMie.
May
Total.
17.648.208
18,630 32i
79.872,672 206,203,586 285,576,838
BXPOBTg FBOM
General
Merclmndise.
28,101,8551
^48.07^4.^0 237K41 ROI
1885.
10.298,891
February...
10,456,966
March
11,218,071
August
September
Total..
9,977.571
11,717,836
13.242.451
.
&
taken the large banking rooms formerly occupied by Morton,
&
Co., 23 Nassau Street, and have fitted them up in
elegant style. Their general business card will also be found
in the advertising columns of the Chronicle to-day.
Bliss
—The Denver & Rio Grande Western
Railway bondholders
are notified in our advertising columns that the plan for the
1884.
General
Dry
QoodB.
—Attention
is called to the notice of Messrs. Henry S. Ives
Waterloo Railroad Go's first
Co., offering Seneca Falls
This firm has recently
mortgage 6 per cent bonds due 1934.
&
12.154.709
98.284.190 inr.7S0,48S
adjustment of interest and assignment of coupons for mutual
protection has .received the assent of a majority of the bondholders, and they are requested to execute the assignment and
to deposit their coupons and receive first payment on and after
Oct. 30, 1885, at 21 Nassau Street.
—
Anction Sales. The following were
by Messrs Adrian H. MuUer & Son:
sold at auction lately
Shares
Sends.
212 N.J. KK. & Transptn. Co.203
$5,000 Farmers' Loan and Tr.
150 Mechanics' Nat. Bank.. .155
C'o. reoeii)t for Painesviile
30 Peoples' Bank
155
& Youngstown RR. Istmrt. 60
1 Clinton Hall Association 56
$16,000 N. Y. State 6s Canal
200 Central Park No. & East
Departm't 8. F. Loan, due
140i4-143
Elver RB. Co
July 1, 1891
Il7&int.
57
25 Sterling Fire Ins. Co
$10,000 Co. of N. Y. Soldiers'
125ia
17 Warren ER. Co
Bounty Fund 7s, due •96...134ia
25 Williamsburg
City Fire
$5,000 Co. of N. Y. Soldiers'
Ins. Co
231
Bounty Fund 7s. due '97... 136 14
125
10 Clinton Fire Ins. O J
$15,000 N. Y. City Park Imp.
475i«
5 II. 8. Trust Co
Fund 63 consoi stock, due
134T»
10 Bank of the Republl0-...118ii
1901
41 Fulion Nat. Bank. N. Y.IIII4 $1,400 N Y. City 9th District
1,000 Saundersou HydrocarCourt House 7s, due 1890..118»8
bon Light & Heat Co., $205
$10,000 N. J. State 6s, reg.,
l07J4&lut.
Bonds.
due 1888
$500 Decatur & East St. Louis
$1,000 Minn. State RR. AdRR. 6s funded, due 1907... 80
justment 413S coup., due
$1,750 Dee. & East St. Louis
1911, rdmbie. 1891.. 101 ^a "tint.
RR. 68 scrip, int. from let
$1,000 Jersey C'y Water scrip
Sept. 1884, unpaid
SSia
Osreg. cp. bd., due '93.. 106 & int.
$15,000 Western & Atlantic
$S,000 Del. & Raritan Canal
RR. of Ga. 10pcrcentbd8.104-ifl
and Camden & Amboy RK.
$5,000 Town of Leesburg.Va.,
and Transptn. Co. 68. oonsol.
6 per cent, due 1908
isIll
loan, due 1S89
sued to Leesburg and Aldie
$1,371 Am. Fire Ins. Co. ctf.
Turnpike Co
42'*
of profits
$2,100
$3,000 City of Elizabeth 48.
$6,000 N. J. Southern RR. 1st
adJustmt., due 1922
62<4
80>a
63 gold bds., due 1899
October
THE (^HRONICLR
84, 1885.J
407
premium; Bo<itoa, lOdiacount; New Orlwna,
commercial, 135 diacount; banic, nominal; St. Louu, SO ditcoimt; Chicaso, 60^70 discount.
The rates of leading bankers are as follows :
count, telling i
'ghz f^Knktvs' %^izttt.
^
OIVIDBNDB.
The toUowtng dtvldendii havn reoently been annoanoed:
Oelober 23.
iVanM of Oompanit.
Ptr
When
cent.
PayabU.
Book* Oioitd.
{Day$ inclutivt.)
Rallroada.
Boston
& Providnu'o
Clnolniinti iliimiKoii
Not.
Not.
& Uarton...
2
((iiiar
Not.
s
mixcMInneons.
Faoitio Mntl 88.
24 to Nor.
1
S Oct. 2S to Not.
3
Oct.
Not.
)
NKW YORK, FRIDAY, (>CT. -23, 1883-3 P. M.
The iWoncy Market aud Financial Situation The buoy-
—
83l«*4 SZlt
4
82
ParlR(rrunas)
6 21>*fi 21>4 t \0*»9»
made
to
the Baltimore
&
line
Ohio.
But whatever reactions may take place
it is
in the stock
market,
hardly within the range of probabilities that prices should
return to anywhere near their former level
or even of September
the whole recent
last.
movement
One
is
of the
it
most striking
of
May
afiords
;
in the language of a dis-
good material
for a p.sycho-
logical study.
them
In drilling a company of
mixed up in inextricable confusion, ho is accustomed to get
them back to the starting point by giving the command "As
you were," and by a convulsion unknown to the book of tactics
This could not be
the company reverts to its original position.
done now in the stock market, and the most confident bear
would hardly expect at present to see a return to the former
the officer gets
soldiers, if
status, or to sec the 'general views and opinions of railroad
property revert to the depressed condition in which they hung
Tempera mutantur et nos mufor a long period in 1884-85.
tamur
in illis.
As to the immediate future, there is little to be added to the
summary which was given in this column last week. Stocks
and bonds have advanced very heavily and have been largely
distributed among new holders, while former holders already
have a large profit in sight ; therefore, until things are fully adjusted and shaken down to the new order, it would not be remarkable if we should have reactions of quite frequent
occurrence.
The
4®4ip. c.
The Bank
of England weekly statement on Thursday showed
a loss in specie of £03.j,163, and the percentage of reserve to
liabilities was 3.^ 9-16, against 34 9-16 last week; the discount
The Bank of France gained
rate remains at 2 per cent.
1,435,000 francs in gold and lost 656,000 francs in silver.
The New York Clearing House banks, in their statement of
Oct. 17, showed a decrease in surplus reserve of $3,599,925,
the total surplus being 136,553,500, against 140,153,425 the
previous week.
The following table shows the changes from the previous
week aud a comparison with the two preceding years in the
averages of the New York Clearing House banks.
188.S.
Oct. 17.
Differ' ncetfr'n
1883.
(M. 20
Previous Week.
Lioans and dls. $33.5.473.000 [nc .S3..572,700
Bpecle
105,830.300 Deo. 2,812,600
CiTonlation .
9.(156,600 Inc
32,800
Net deposits.
387,796,400 Ino
498,100
Legal tenders.
27,872,300 Dec,
632,800
.
Legal reserve
Beserve held
BnrpltM
Exchange.
$9fi,n49,l00 tuo.
9124,525
133.502,600 Dec. 3,475,400
$36,553,500 D6e.$3.599.925
831,065.750 Def. »17.22.5
— Sterling exchange has not been very active,
and
the tone has been rather irregular.
On Monday posted rates
were reduced one cent, owing to a free offering of bankers'
bills; on Wednesday they were advanced i cent, and to-day
reduced again an equal amount, the market being very dull.
Nominal rates to-day are 4 84 and 4 86.
To-day the rates on actual business were as follows, viz:
Bankers' 60 days' sterling, 4 83i@4 83i demand, 4 85i^@4 85 J.
Cables, 485 J@4 85}. Commercial bills were 4 8li@4 83. Continental bills were: Francs, 6 21i@5 23i and 5 18|@519J;
reichmarks, 95@95| and 95i@95|; guilders, 40@40i and 40i
;
@m-
The following were the rates of domestic exchange on New
York at the under-mentioned cities to-day Savannah, buying
J discount, selling ^ discount; Charleston, buying 3-16@t dis:
40I|K«40>))
40*1.
18%
•40^
96i«a9Si^
closing prices at the N. T. Board have been as follows:
\
Inlerett
Oct.
Period*.
17.
Oel.
IB.
Oct.
Oct
20.
21.
<M.
32
Oct
23.
113
Usi*
U3>8M13
*ii:mi 113
113
re(t. O.-Jan. i'liHij •12i«ii' 123% -123%
123%, 123 '»
48,1907..
oonp. Q.-Jan. 123>ii 123^1 123\*123\l 123% 123''8
38, option U.8....ref[.0.-Feb. 104
loa's' lo.lia*io:<»B 10.1 V 103 «
6',our'oy, '95....reK.lJ. A J. •12818 •12-% 12!ti<«128>n 12Hl«' 128 1«
..reg. O.-Mar.
ooap. iJ.-Mar.
69, oar'oy, 96....re«:.J.
as, oar'oy, '97....reK. J.
6«, oar'oy, '98
6a,onr'oT. '99..
*
113
*113
113
113
•
reg. J.
A
A
A
J
13039 '1301%.
J.
J.
134»(.i'13408
'lis
1303eM303«
132>2M32>« 132>«,M3'i>«
;
•13<l3si' ISOaiB
•13-.'.H,'
132>«
•134»b!' 1341%
J M3H\I>13«\| HIC\ 'ise^ •136%i' 136%
Thla la the prioe bid at the momins board no talt was made.
.reir.'J.
St
:
—
State and Railroad Bonds. State bonds have had a large
bu.sincss, as follows: |360,000 Virginia 6s deferred at 13J
14^;
147,000 do. Tnist certificates, at 131 14i; $235,000 Louisiana stamped 4s, at 70 70 J; |580,000 North Carolina special
tax bonds, at 6^— 7J; $10,000 do. consolidated 4s, at 90J;
$10,000 do. 6s, Chatham UK., at 5i; $177,000 South Carolina
6s, non-fundable, at 5^
5i; $5,000 do. Brown consols, at 110;
$6,000 Georgia 7s gold, at 112^—114; $2,000 Arkansas 6»,
funded, at 9J;
Railroad bonds continue to be very actively dealt in and
—
—
—
—
prices for many issues are still very strong and buoyant, some
classes advancing sharply.
The speculation in Erie 2ds has
been very large, and the price advanced considerably, though
reacting a little latterly and closing to-day at 81 J, against 76i
last Friday
Atlantic
Pacific Ists and incomes were also
advanced on favorable prospects for the company, the former
closing at 78J, against 74 the incomes closed at 23, against
Other changes have been as follows New York Chicago
20J.
St. Louis Ists close at 83J, against 81 J; Alton &Terre Haute
dividend bonds at 48i, against 38 bid; Canada Southern Ists
at 103, against 102^; do 2dH at 85, against 82; Oregon
Trans-Continental Ists at 88J, against 88; Jersey Central debenDenver
tures at 66, against 65
Rio Grande consols at 83,
against 81 Texas
Pacific Rios, coupon off, atClJ, against 63J.
&
;
;
:
&
&
;
;
The open market rates for call loans durinsr the week on
stock and bond collaterals have ranged at li@3 per cent and
to-day at 2®3 per cent. Prime commercial paper is quoted at
4
<ii'*
improved somewhat.
facts in
the change of sentiment which
has taken place in regard to values
tinguished speculator,
— the level
ai
—
and partly from the reports of a 4isa,1801
4>*8,189I
settlements, owing to the demands of 4s, 1907..
realize ])rofit3,
check to the trunk
4 84
United States BondH. There is no feature to this market,
business having been- quite limited in volume until today,
when quite large tnrasactions were reported, and prices
ancy and c.xcitcmeut at the Stock Exchange continued with very
little abatement until Thursday, when there was a reaction of
some importance. This was partly in consequence of the large
sales
M
t
Dooiininntaryoommerolal
AawterdaiD (tralldera)
Frankfort or Bremen (relohmarks)
BHiik.
Nfttloual City
Urnlp Dayi.
Prime bankers'aterttng bills on London.
Prime oommerolal
&
&
—
Railroad and .>I iscellaneons Stocks. The business in the
stock market has been immense the past week and the bull
movement kept up with remarkable strength. Prices up to
Thursday were further sharply advanced and the speculation
has been attended with considerable excitement.
While all the
leading stocks have been very strong, the greatest improvement,
and largest volume of business, in many cases has been in some
This is to
of the lower-priced and usually inactive stocks.
some extent an indication of growth of confidence in the
stability of the present advance, as it shows an inclination to
return to the old standard and estimate of values which prevailed before the panic of 1884.
Reading had a very large business at rising prices, in consequence of various rumors relative to improving prospects and
large buying of the stock for the Vandcrbilt and Pennsylvania
interests.
Cleveland Columbus Cincinnati & Indianapolis and
Alton & Terre Haute were also sharply advanced, the improvement in these being stimulated by reports of the formation of
a combination with the Vanderbilt roads in a through line to
the West. Many other low-priced stocks have been pushed
upward for no special reason, except that this seemed to be the
prevailing tendency of the market.
A considerable reaction from the highest prices occurred on
Thursday, and the downward turn was started by the reports
that Baltimore & Ohio had made a demand for a share of New
York through business, and threatened to stand out unless
the demand was granted.
Notwithstanding the many reports of new combinations and
alliances which have been used to fortify the speculation in
one stock or another, the week has really developed nothing
definite, and the actual status of such railroads as Reading,
.Tersey Central, Baltimore t& Ohio, Erie, C. C. C. & I., Alton
Terre Haute, Nickel-Plate, Oregon & Trans-Continental, Oregon
Navigation, N. Y. & New England, Ac, &c., is not better
known to the public than a month ago though to insiders the
case may be different, and negotiations of importance may in
some cases be pending. To-day, Friday, the tone was rather
weak in the morning, but in the afternoon the market was
again active and strong on both stocks and bonds, closing near
N. Y. & New England was a leadthe best prices of the day.
ing feature, selling up to 29 on largo transactions.
&
;
THE CHRONICLK
468
[Vol.
NEW YORK STOCK EXCHANGE PRICES FOR WEEK ENDING OCTOBER
83,
AND SINCE
HIGHEST AND LOWEST PRICES.
STOCKS.
Mondny,
Saturdiiy,
Oct. 17.
KK.
Ac-tlvc
Oct. lb.
7M
Stocfcs.
46
46
Canatliaii PiK-itlo
43
Canada SdUthern
44%
45»4
Minnesota
Cedar Falls
.t
"44 "8 "47" "46 >2
Central iif Now Jirsej42
43
42
Central Paciflp
7%
8
ClieBapeake & Obio
14ifi
1412
..
iBtpref.
Do
9%
2dpr6f....
Do
134
135- 135
CbicaKO & Alton
Cl,icaioB.irlinv'ton&Q.Vincf.i 131%132%| IglJ^
Tuoedaj-,
Oct. 20.
Oct. 21.
43 18
45 12
46 14 461*
*15
17
47 14
46»2 48»4
42%
41^8 43
1478
8
14»a
46H
4618
45I2
4514
45%
'I5I2
"4812
7%
*i)
13513 136
8I4
15
KI4
14%
Oct. 22.
i
4934;TT6
48
4738|Jr45i2
47381
|ri4
17
4678
4214
8
I4I2
914
4S1-1
431a
HI4
1434
!)i4
13(i
13aVl| IS'-fj^ l-'3;«
Hjiei
84^, 8..7s
Sales
of tlie
Wednesday, Thursduy,
135 135
I3214I33
I
135
132
17
Friday,
Week
Oct. 23.
(Sb'res)
46 14 47
25,145
45 13 L46,705
17
44=8
•12
4678
'
49-V
43I2
41%
8I4
14
147h
9I4
914!
48%
71,292
27,861
1,560
1418
2,465
42 12
9I4
136
300
665
6,982
13212 13138 13112
84% 86I4I 835? 85381 833h 8458 246,021
841-2 «-''4 ,?4%
Chicago Milwaukee & St. Paul.
29
11212
11234
113
11134
113
113
113
II314 II314I1312 113
pref.i 113
ho
108^8 110
107:'h IO9I4 10718 10812 145,362
107 107% i075ti lon^ei 108I2 ion
CHiic.i CO A Northwestern
I34I2
20,911
I34I2
134
134
1341-j
134
134
134121*133%
1,34
pref. 13312 1.34
Do
1,690
124 I24I2
125 125
125
125 125
125 125
Chicago Kock Island &Paclttc.| 125 125
15%l 14^8 1478 *13
'14
,500
16
15%
I5I3 15I2I •15
16
Chicago St. Ix>ui8& Pittsburg.] IS^ti 33I2,
3334!
4,668
32
31
32
321.2 3338
33I4I
32%
32%
32
33
prcf.'
Do
38i«
47,887
3914
39
37%
37%
38
3t)i8!
38
39
1h
14
S'^ 'SS^2, 38
Chicago St. Paul Minn. & Oni.
!ISl4 99I21
9812
0,544
98
9812 lOOiyi 9!)% IOOI4
9812 100
08121
98
Pief.|
Do
64I4 32,53;
61 14 (>9
dO-V 62
64
54% 60
Cleveland Col.Cin.&Indianap.s 5514 56I4I 55% 56
Delaware LackawannaA West! II414 116-'">8i 116% 118%! 116% 118% 1177flll9l8 117-'''sll878 11634 11818 275,578
I514 15^i|
Denver & Rio Grande
East Tennessee Va. & Ga
,
1
t
1
1
I
Do
pref-
Evansville & Terre Hante
Fort Wtirtb & Denver City
tin en Bay Winona & St. Paul.
Houston * Texas Central
Illinois Central
lake
& Mich. Southern.
& Nashville
Sliore
I*ong Island
Manhattan Elevated, consol..
&
Meiuidiis
Cbarleston
Mieliijjan Central
Minneapolis
& St. Louis
Do
pref.
Missouri Kansas & Texas
Missouri Pacific
Mobile & Ohio
Nashv.Cliattauooga&St. r.«uis
New \ork Central & Hudson.
New York Chic. & St. Louis.
pref.
Do
New York Lake Erie & Wesfn.
I'ref
Do
New York & New England
New York Ontario & Western.
Hew York Susq. 4& Western.
pref.
Do
Norfolk & Western
-
.
Do
prel
Northern Pacific
Do
pref
Ohio Central
Ohio <fe Mississippi
Ohio Southern
Oregon Short Line
Oregon & Traus-Conl iueutal
.
Peoria Decatur Evansvilie
Philadelphia & Reading
Eichiuimd & Danville
Riehui'd iSt We.»t P'nt Terminal
Itochester & Pittsburg
Bt. Louis iSan Francisco
Do
Do
Bt.
St.
Paul
Do
& Duluth
pref
& Manitoba.
Pacific
Pacific
St.
Louis
Do
&
Pacific. ..
nref-
mtsccllaneouH StocKs.
3534 Apr. 24
23 May
9 July
31 Mar.
26i2Jan.
3 Apr.
7 Apr.
438 Apr.
128 Jan.
4934 Oct.
21
7 4738 Oct. 21
23 IT^iOct. 1325 52 Aug. 13
31 43i2 0ct. 21
7
8% Oct. 20
7 15 Oct. 20
22
934 Oct. l.>
2'139iaJune 8
115i2Jiin. 2,134
Aug. 22
6434 June 8 86I4 Oct. 2
102 Jan. 28 115 Aug. 2S
84:'8 Jau.
2 110 Oct. 21
119% Jan. 2 13978 Aug. 13
105 Jan. 2 125 Oct. 16
6i2Mar. 3lj 16 Oct. 17
14 July 11 3334 Oct. 22
18i2Apr. 21' 39i4 0ct. 21
66
23
June
8l(i(ii.jOct.
20
Apr. 30: 69 Oct. 21
8258 Jan. 22 119% Oct. 21
438June25i 17% Oct. 22
7 Oct. 14
15|
Juncll 121-2 Oct. 15
37i2Jan. 10 64i4 0ct. 14
14 July 28 23;'8 Oct. 19
2% Jan.
412
10% Apr. 8
734 June 9
13 May 29
4478 Jan. 19
1838 May 29
2*8 Mar. 11
2834 Oct. 22
18 34 Oct. 22
17% May
22
8
26
76%
Oct. 22
Sept. 19
3334 Oct, 19
(i% Aug.
Oct.
407s Oct.
91i4 0ct.
2«% Oct.
89% Oct.
17
21
21
22
20
22
10s% Aug. 1
22% Oct. 19
55% July IS
10% Oct. 19
IS 34 Oct. 16
& Cable Co
Colorado Coal & Iron
71
Consolidated Gas Co
997s Oct. 19
97 Oct. 12
34 Feb. 20
AmericauTel.
& Hudson Canal...
Oregftn luiproveuient (>o
& Nav. Co.
PaeificMail
Pullman Palace Car Co
Western Union Telegraph..
Oregon Railway
97
77%
American
Ui/ited States
Wells, Fargo &
Co
InactlTO Stocks.
Albany ii. Susiiuohaima
Athintie & Pa<ifie
Central Inwa
Charlotte Col. & Aug
*
Columbus
lloekini: Val. .StTol,
Pittsliui g,
guar.
& Sioux Cliy
Keokuk & Des Mouios
Do
pref
Ix>uisville New Albany & Cldc.
I>ul>u<iue
Manhattan Beach Co
Mil. Lake Shorn A Western..
Do
pref
Morris* Essex
Mow York Laolt. A Western...
New York New Haven & Hart.
Pittsburg Ft. Wayne & (hie
Quicksilver Mining Co
Do
pref
Bich.A Alleg., stock trusi ctfs.
Home Watei town i Ogdeusli'g
Bt. Louis Altou ATerre Haute,
Do
pref
Maryland Coal Co
New Central oal
1
Ontario >ilverM'uing
Pennsylvania Coal
••
12
Oct. 21
9
Oot. 17
Oct. 21
6258 Mar.
133
KxpresH StoekK.
Adams
Cleveland
Oct.
24% Oct. 23
Delaware
-
Highest.
Apr. 30
May 12
18 July 31
77% Feb. 7
7934 Jan. _
914 Apr. 8
41 Mar. 21
2 Apr. 30
6% May 7
<fe
Wabash
1885.
since Jan. 1, 1885.
Lowest.
30
79
pref
Ist iiref
Paul Minnerip.
Texas
Union
Range
1,
61.. Oct. Iti;;
3 Jan. 6
14 Mar. 26 37 Oct. 21^
119i2Jan. 17 135% Oct. 20
712 June 5 1834 Oct. 22,
138 July
Feb. 211
8 17
5034 May 12 W314 Oct. 22-1
62 Jan. 2 7734 May 2022 Jan. 16 49 14 Aug. 17
65 Jan. 15 11134 Oct. 14
27i2jan. 15 11 Mar. 7
4612 May 7 7734 Oct. 21
lOioJan. 26 23i4 0ct. 12
24i2May 2i» 4834 Oct. 12
1412JMU. 22 2Ki4 0et. 20
891.J Mar. 21 103% Oct. 21
6 Juno 5 16 Oct. 19
33 Jan. 7 48 Oct. 17
81% June 1 104% Oct. 19
liflMay 5 107.<Oet. 22
4 Mar. 25 21% Oct. 22
914 May 29 2258 Oct. 21
18 June 29 46 Oct. 17
12 Jan. 17 29 Oct. 23
634 Apr. 14 17
Aug. 20
1 34 June 2
778 Oct. 14
478 Jan. 27 1938 Oct. 14
Sept. 3 13% Oct. 23
8
14 July 3 33% Oct. 23
15 Jan. 17 261-2 Oct. 22
3612 Jan. 29 55i4 0ct. 21
178 Aug. 14
1h June 3
I014 May 4 25
Oct. 17
712 June24 17
Oct. 10
1478 Mar. 21 2ti
Oct. 17
Indiana Bloemiingfn&West'n
Lake Erie & Western
loulsville
JAN.
XU.
These ore the prices bid and asked no sale was made at the Board.
j
t
Lower price is ex^divldend
October
THE CHRONKJLE
24, I885.J
(QUOTATIONS OF STATE AND K\II.K01I> BONDS, OUTOUEB SIS, Itttti.
STATIC HONDN.
Bid. ak.
aKODBITIZn.
Bid. Au:
BBOURITIBH.
Bl«. A.k.'
KOORITIRA.
*
MKCUTlITtKH.
^
»5
lOS
1908.
C.
irkaii
Tj,
.
lOU
<<<(!....
11
IM.
HI
IS
15
17
7
S.
1
7», Memi,.,t 1. i:,.,k !IK
T».L. H.P. l; v NO. I'.R
7», Ml»«. O. di H. 11. Kit.
TL ArkanaRH
('«ut.
KK.
stamit
[Minn
1890
}Ta, Rold,
103 Hi
.1
i<<«
Ifil
U!i
lit
.
i
1
1
.
i«ii'
'.-
_.
30
90
Iki,
fV
91
1115
«>
6*
1
lUft
N.c.
liW
80
10
ilil.J.AJ.
.
Fuu.l.uK »i. lUOO
1
uttii
1
1H891
2:i.
^
I'H
8.
...
n«w OF
1
'i^,
00^ "al~
iwi'i
«<i
Brawn
4<l
.-
1
M, nvw.
.M.fl
ittOU...
I'm'.!.-*
AO
1924
R«Kl»tenid
rniidlaic»*,18»»
KECUniTIKM.
Ask.
Bid.
M
Railroad Bonds.
;
>l<ih. T.,VS Ki.
HiUklliK I'und.
Ml.
rac.
.»
Itnli
(;»,
Nt. ().•.
(lUlO—
-
-^-
II'
I
'...H.I1I20
1
k. Br.,
11)11.
11)10.
^liuil.A
lUp.
nilir. .N.
A
Y.
•-M.
<
lUV
128'4
i;)3i
[124
1923 102
('tiiiairnclloi), iiH.
Alb.
lat
.
P.-Coua.Us
Rons.
10a4
{>!>,
84I4
liiia
Dlv.. I«t,
IIUVJ
()»,
A
— lat,ri».,78
127-',
1153,
nov,
140
143
lIB'a!
iNt, ronaul., 78. 1910..
'l>ust Co. rei'Olpta
8211
1921...
143
"87'
Ijaiid ffi-ant, 3
— lat.fla
i-js,
s.
.-x
69
5'
1
53
.
S. Y.
127 "a'
LonK Doek
N.V
"ISSJa
i;iii:t
..
iieii.iitnres. i;)i:{ ...I 105»4
Ja. Dlv. -s. f.l..r>», 11)191
.siiikluK fuiHl.4». llllOl •9634
D»^nv«r L>iv. 4h, ly;;2..
Plain 4», 11)21
C.U.I.il".— 69, ci>., 1917. 131
«s. ri'R., 11)17
131
Kxt. Jt Col., 5a, 1934.... "....
Ki'uk.iii DfS
lHt,r>Hi 109
Cent. i)f X. J.-Ut, 7a. '9()i 111
l.st.i-oiia.assvnl. 7s. 1*,)1) lo.j'ij
ij.s.
Ev.*
06 >9
106
llniistoii ,fe Texiia Cent.
1st, M. L., 7a, 18911 ....
lat. Western Dlv., 7at..
1st,
Xo., 7st ...
2d, ronsol., main line, 8«
Waio *
2<l,
I
l..>iip.I)i%-.,,-.s.I921
Wi~..v .\lui.liiv.,r.a,19iili
i. rniiiKil "^.1914
FiUjtOiV >ti. r,a,A.s8U.,*24
..V
'
Nortliw4v*t.
C'uuaol. bnnita. 7«. 1915.
Reitlaf.l. u'Mlil. 7s. 11MI2.
.Hinkliie fund. lis. 1 929.
sink. fuu<l. Us, 1929. re>r.
.siiiklii).' fmiil. '.a. 1929.
sink,
fiuiil.
."ts,
1921i.ri'tf.(
i:-''..i.,,!
M
I'.
.V
.
1
l.'«.i Mi.l;;iiiil -l..,|, »»..
-l8t,Ga,I905
Miiil
itl.r. K. ,v
'
'
•
1.
!
.'
'
'
114
SIP.— l.,.t,5a
'-•
-
7a,a.W.
-,1914;
'^.19341
i>'
.Mm. Jc Om.Conaid. lis. 1930
C.St.V.itM. lst«a,191H|
hie. SI.
N"
-1
'
•''
•
!'i.
1'.
'^
•
125
i930.'
-.lOI!)
l.eur.'
I
"
1
j
I
in
,.
:',:i4. ..'
,
.lis. lon-j
lat.Ua.l915i
lat,Ka,1916l 105
I
Tul.— Ist,,">s
7a,e..nv ,!I2'
Ts,
1907.-
103
88
79
78
117
79*4
•
Cal.
Cal.
*
89»»
89^4
80
87
85
83
85
*.Nl.-lat,6a,191ft
No prices FrliUy
;
Gt.
".J
90 «
78
lat, Ba,
st.
.-.
121
93
112
112
A E. Ill.-Income ..
E.T.V.AG».-Inc.,BB,I931
18^
IjGr.BayW.ASt.P.- 2d.ine.
I81.J
lifhle.
94
6al
'2
Mob. A
I
A
103 14
118
106
1121..,
...
.1
— Iat.iirf..ileben
.
I
375!|
32 >a
30
.,
X.Y. Lake K.AW.-Inc.U.
OhloCent.- Iucouh', 19211
•41
3
"si'
•30
Evausv.Dlv.— Inc.. 1920
>\
86
U'i^l
36
debentures,
4 til, pref.,
I
..
33^
•.3»
47
37 '•J
Home W. A Og.-Ini.
36
So Car. Uv.-Iuc.Ba. 19:11
45
50
SLL.A.AT.II.-DIv. bils..
FREE LIST.
113y
47'aMCin A Sp.— lal.C.O.A I.,78 111
116
lat, g..L. S.AM. S.,7a
83 "Si"
61 "-J CoLC.A Ir.Co.— l.si,con.6»
Inoch.APittab.-Inc.lll-.'l
106
93^,' 9;r'i
..
So. Pae. of Mo
lal-Ba
Te.\.A Piu-.- lat.Ba,1905
Conaol.. 6a 19()5t
Income .^ Id. gr.— reg.
104
on
•70
104
l-i
I
47
ex Aug. cp.
Do
60 <3
Gen mort. A ter. tJa .. •67
RR.—
.
Ft. W. A Deiiv. C.-lat, 6a
Gal IT.AH.of89.-l«t',Ba
"""'
"
•
10114 1 •
70
I
Pa.Co.'agiiar.4 'ja.lat,cPi 101
loii-j
Pa.Co.'a4His,reg.. 1921.
Pltla.C.A.St.L.-lst,e.,78»iai'9l
1st. reg 7a. Iiax)
'
.
M
'
.
1
'
theae are latest qiiutatioua iiuuto tbla week.
23
25
20
2»
24 Hi 29
MIn'l Div.-lne..79,192l
10'l'a!l0i'-2'!oili0So.-2d, inc, Ba.]921
Peoria D. A Ev.— Inc..I!i2('
lOa
6«, Class «, 190B
lat, Ba, Plerie C
O.
Kiiuipment, 7a, 1895..
.
•80
AW —
I).
2d. pref., debenturea
.'111, pref., debeul urea.
1
105 •11
llflij
lO'a
20
Trust Co. receipt.s
A Wilkesb. Coal— '88
.Lake K* W.-Inc, 7a,-99
n SaniikvDlv.-Ine..l920
Ij«f.Bl.A".Muu..-Inc..7a,'99
luconiea
OOi-i :M11. L. sb.
90
85
I*ai'.— lat, cona.. Ba.
3d. 7a, I90B
Pac of .Mo.— lat, Ba ..
2d. 7s. 1891
St L.AS.F.-2d.Ba.Cl. A
B«. ClitssC. 190B
28
Leh.
I
7a,l!K)9
Mo.
18=4
112'3 Ind.BLAW.— Con., inc.iis
11214 Inil'sDccA Sprd-2d,in'
Kxt«n., lat, 78, 1909
Pennsylvania
I
I
AW.— lat.Ba
6a. ,\ng, cp.
,
\
95
96
<;..
90
I
'
07'
Bio
98
80
1
Af.J.Co
1931
1081-.'
1893
I
1907
—
.
907
.
189U
ni.u-t., lis.
1
I
AtC.AP.— lat,Ba,li)05i
Gen.
7b,
Ill.A.So.Ia.-lat.ex.lis
Deilv.Div.6a.aaa..*99 100»a
I at, conaol., lia, 1919.
101 >4 101
C.Br.l'.P.— F.e.,7a,95 '103
Ut.Ho.— G<'n.,
.54
St.L.K.C.*X.-U.e.7a IO31.J 104'«
Omaha Div.— lat. 7s. 83
84>s
tiO
61
Chir'duBr.-U8,l919
87
na
St.Chaa.Bge.— lat.Bs
No. Mlaaouri— lat, 78. IPJl-jIlS
120
Weat. r U.Tel.— 78, 1900
120 126
7a. 19<M). ri'g
N.W.Telegraph.— 7a.ltH»4 102',
l'Mut.i:n.Tcl...s.fd.lia,19ll
86
86<a
I.VCO.ME BOXDS.
.{Interest paiwWc if earned.)
M"*; 28%
ilAtl. A Pac-Inc, 1910...
laO^i'lCentralof X. J.— 1908
B8,'95
Oreg. Short L.-lat.
!
1
Weafn— lat, 7a,'88
2d, 7a,
B., Ba.
5a,
I
50
Q.ATol.- lat, 7a, 18!H)
Han. A Xaplea— Ist.Ts
grant.s, 7a, •87419
Pac—
ImIb.. 7a, *83.
Equip't
Conwd. eon v.,
Ho. Pae. of Cal —lal, 6a.
So. Pac. of .Vriz.^lat, Ba
Do
7W
60
70
75
Tol.* W.-lat,ext.,7a lOOUlllO'a
102
lat, St. L. Div., 7a, '89. 100
98
00
2<l, ext., 7a, 1893
.
120"
70^
I
Ind'polia Div.— 6a. 1921.
Br.—68.
Gregon — lat, 6a
AOr.— Ser.
Land
Melpn. I-:liv.-lat,7a,190» llG>a 116
2d. lia, 1899
I07».
:•
Joai(iiin
79
Detroit Div.-8a, 1921.
Cairo Dlv.— 5a. 1931 ..
Wabaah-Mort., 78,1909
Land grant bonda, tia.
Weat. Pac-Bonds, 6a..
No. Ifway ical.)— lat,68
119
124
126
106
Loltlav.* Xa.slL— Con3.,7a 120
CeelUau Br'eb.-7a,1907 101
X.O.&Mob. -l»t,6«,1930 98
9834]
2d, 8a, 1930
E. H.*N.-lat.6B, 1919 111'-.!!
102'... 102'i
lieneral. Us. 1930
IVnaaiHila Dir— 68.1920
94
108
»f. I-. Dlv.-l8t,6a,I921
51 ".J 55
2d, 3a, 19.80
Nashv. * Doc— lal, 7a.. IIB
S. * .N. Ala.- S.f.ll8,1910
93 101
Louiav. C. * L -68,1931
Trust bonds. I'.a. 1022...
Manlint ircbCo.-7a.liH)9
.X.Y.iV M.BTl-laf.7a.'97
....N.V.-l.t.7al
Hau
47
451.J
Iowa Div.-Oa, 1921..
So.Paciif .S.Mex.-l8t,68
Union racillc— lat. 6a..
95
70
67',
llav. Dlv.- Os, 1910...
Bs.
Kana.
ijinlav.X.Alb.AC— lal.6a
General inort., Ba, 1914.
Lou. X. O. & Tex.— lal, Hn
!
B8
1911
Wab.St.L.A Pac— Gen., Ua
Chic Div.-58, 1910 ..
7s. 1887....
Det.M.AT.— l8t,7a,1906
r,ake Shore- Div. bonila
I.af. Bl.
I
,
1921 ...
Cal.~lat,6a,192l
.sinklugfuml, 88, '93..
Beg., 8a. 1893
Cidlateritl Tniat, 6a.
Sanduakv I)iv.-Ba,1019
.
it-
lat, 7a,
Ii.s.
101
Cleve. P. * Ash.—78.... 115
Butr.AErie.-Xe«- bd8,78l 120
Kal.AW.Piueon-lat.- 105
.VW.lu,l.-|.|..,I..lls
Bay So.-.l8l.5a. g.
Tex.Cen.— lst,8.f.,7a,1909
.Sialus
95
I
•45
•20
101
General, Ba, 11^21
46
Un—
* Tol.— .V .bila.,78
>i.l..,vi'.- isi.i.>i,.ris
•1.,..:,,
'
I
Shenaml'h V.— 1 Bt.7a,l 909
74
54
na
114
108 ....„
106 '.I 108
1
So, Car. B'v-l,--!, ns, 1:120
2d, Ba, li)3I
Panama— S.f.,aub.6a.l910
No.— lat,6a,KOld 114
10.40,11s, 1921
Pens. *.\I.— lat,«a, gold
L. Erie *W.--lat, 6a, 1919
I
113^
lat conaol.,'
31in'a ITu,
St.P.ADul.
43'm
Peoria Dec. A Ev — 1 at. Ba
Evana.I)iv.— Ist,6a,l920i
Peoria* Pek.
lat.fia
Pac. Itn.-Ceu. Pac— G.Ba
Con.so!., reg., 2d.78..lal. ItR.— lat. <a.'98
lat, conaol., 5a. 1931...
2cl, 7-, l:ill7.-..
Mil.t
48
4634
125
Tennl Tr., Ha, 1920
Mini l)iv.,Ba, 1921.
lat.
lat.
Debeutnre,
Long
lat,*;onv.,7s
.,t.Mi!w'kl!«-lst,7»
Win, t SI, P.-l8t,7a,'87
llil.
1:
115
118
113
2d. Ba, 1909
Dakota K.vt.-68, 1910..
lat conaol.. lis. ,'n.. ii):i;i
Oreg'nRK AXav.- lat,68.
Conaol.. coup., 1st. 7b.; 12814
- lagij
Conaol.. rejj.. 1st, 7a.. 126'.j
Conaol., i-oiip., 2d, 78.. llOij 120'-2
'
Bellev.A So. III.— lat, 8a
103 "a
139
Couaididuli'd 7a. 1898...
2d, con.s(ilidated.7.s.l911
Ist.sprlnKtield Div., 78.
Ist.geni'ral, OS, 1932...
Ohio Central— lat.Us.l920
Oregon Imp. Co.— 1st,
Stamped 4 p. <:., 1911...
Lake Shore A Mieh. So.—
Cleve
I
Or. ATl-aUBc'l-.Ua,>2, 1 922
Int.* Gt.
1909
KenfkvCent.— M.08,1911
.
42
115
Tol. Del. A Burl.-Main,6a
"7
lat, Davt. Div.— Ba.l919
95 "-J 96 Vj
X.Y.X.H.AH.— lat,rg.,48 112li;
___ .,
lat. Ter. tnist, Ba, 1910
X. Pa*'.- G. I. gr.,1 at,ep.,B8 108'2il08-'4';Tid. P. A VV.-lat,7a, 1917 •92 "9! OS
92
107»4ll083j
Kegiatered, Ba, 1 92 1 ...
94
Truat t:o. receipta
N.().l>ac.-lst,08,g., 19201
64 ijTex. AX. O.-lat,7a,1905 IIB
07*
96
Noi-t.&W.-lieu.. Ii.s, 1931 101', 103
Sabine Dlv...lat.6a,19I2
39 Hi 60
Xew Kiver-lst,(;s,1932
Va. Mid.-M. inc., 6a,19'J"
OlegnA
119
9«k
6a.
i
11614
•90
47
1I5>*
112
2d,7s,1897
Arkanaaa Br'oli— lat, 7a 111
Cairo A Fulton— lat, 7a 109 i.i no
Cairo Ark. A T.— lat. 7a 108 Ki
8334 84 «
Gen. r'y A l.gr.— 5a.l93l
StL.Altnn A T.lf.-lat,7a 114
112 113
2d, pref., 7a, 1894
0.1 !.
.....
T,. tJC
105
2d, ineonie. 7a, 1894
i
lia,
Ohio So.— lat.
99»^
'V L.s.-i^t.iis
^.;l.aIl.-l^l.Ta
I'omnsuhi
61
1921
—
130'.
Siiik-iffil ..!.b.,.-.».1933.
-'.' Vt':n - >i' 1).. .'is,
1909
80
.".
137
131'
1902-.
('(jlllMin. truld. 7a,
99
94
95
78
Ind.Bl.iW.-lat, ptot, 78 *120
1..* niJa,
,;..
iO(tn
Qtl
lat,
1909
Si's
63
2d, 5-lia, 1909
Eaatern WV-— 68, 1921.
86
Indianap.D.&Spr lat,7H 93
•8«
lat, 7s. ex fund, eoupa..
Coupon,
I
.<.!;....
I
I
C—
*
I10«
09
70
108 Hi 109
86
87
^.g.,8«
Atl.At U. lsl.ui'.,7a,T)';
Incomes, 1!K)0
ficioto Val.— 1st, cona., 7a
«t. L. .t Iron Mt.— lat, 7a
81
117 "2 Oblo,V:Mlss-.-Cona.a.fd.78.
lat, conaol., 7a, 1897.. 1*123
118
2d, 6a, 1907
112»4
Gold, 58, 1951
"
Dub.
S.
2d Dlv.
113'.j
Ceil. F.
Minn.— lat
114>4
I
,
C.St.L.AX.O.— Teil.l..7» *123
&
81
in
102
11
Midille Dlv. -KeK., us
A
Cblc.
lis,
80
•
•
I
78
<t .N"o..8a,1915
Ill.Ceil.—.Hnd.Dlv.— Cp.68
125 il20-B
la'.,7»,I.*U.l!:xt.,I908| 125
126
1st. S.\V.DlT.,Oa, 1909.1 n4"4 116
1st, .la, Lal-.&Dav. 1919 191 Hi]
11:134
106
Iloua. K.it W.Tex.— l»t,78
2d. 6a, 1913
•
124
116
lOO
100
KK)
Waeo
General,
7», 18SHJ.... >l-.'.)Sji
M., 7», 1903...' 129'4'l:«)
lat.s.Miim.Mlv..(;.s.inio
.
-
•lll>a'
St.P.Mlnn.AMan.— l8t,7a
X.Y.W.SIi..tBnft'.— Cp.,58
neglateled, 5a, 1931....
Tnial (."o. receipts
X. Y. Suaq A W. -lat, 68t
Debenture, 6a, lS97t
Midland of N.J.— lat,6a
Ill's 1117,
98 100
.
1).,
1.SI, H. itl).. Ta. 11)10 ..
fllfr.*Par.I)iv..(is. IDIO
l«l,(illc.*f.\V...'..^.UlJl
Mini ft. liiv., .-,». 19111
Oa!
&
g.. II. D.,
lst,0. *
Consol. 7.S. liMlo
H.— l.st.cons.,
West. IJiv.— lat, Ba
2d. 6s, 1931
Ol'n liav W..* St P.— 1 at,68 *75
(inlfCoV* S.Fe.—7»,1909 115
(iold.r.K, 1923
79
H»n.>tst J.—<Lou.B8,I911
1902. 128 ,130"-j
l.at, LaC. I)iv.,78, 1X93.] llHi.jl20
1st, I. * M., 7», 1897...1 121';.
I.*
130
.
(ial.IIar.
S.Ant— l»t,6»' 104
*106
2d, 7a. 1905
132"
0>uv.,a»siut<'(1.7.s.Ulll2 106
10(i'4
.^iljustmral, 7». 11)0.1 .. 110 llloi-i
Conv. ilflMht., lis, 190«.| 06
l!6»4
I.iIi.AW.li.— Cou.Kil.aa. IO2I4 103
Ani.U'k.Vriim.— ris,l«21| 87
STHl
Chle. Mil. 4 .St. I'.—
l.sl, 8a, V. D., 1808
134V137
2d. 7 »10s, P. D., 1898-1 125 1128
1st,
T.
Mt. Verii'n— 1st, «s,1923
FrtitP.Maiq.— M.6s,1920
M.—
«
1922i
Baff.*S.W.— .M.(ia,1908l
106 >4
1
lat, 7a.
lia.
,101%
1st.7'i.'91
'•
Dell.:,
190°
tl 113
N.Y.C.ASl.L.-l8t,6a.l921
83'.,
49'-j
2d, Ba, 1923
lal.
I,.K..\;\V.-.\w2dlJai
Collafl Irual.
I
127
El
I'.i22
Till
7a, coup..
1st. 7a, reg., 1900
*
X.Y. Kiev.— lat, 7a, 1906.1 127
X.V.P.A O.-Pr.rn,6»,'05 «100
N.Y.C.AX Gen .6a,1910j 46
Truat Co. receipts
46
N.Y.* N. p;ngl'd-lat, 78f 122
llOlj
lind.s. 7s, '93 •i'iti"
B.N.Y.,* l':.-lst,7s,I910
llniiicv
*<^
5s, sliiklni!; funil, 1901
T)eb.,.">a,
(lit,
HIeh..'.
no
135:>4
lOj"..
11'-!,
87 "a Klrh..\
124 1125
103
105
106 ij
.
1903
1904
Harlem— lat.
105 ij
110
114
'
Con
5a .... 106V
-lat, cp.,7a' 13B1.J 137
U
lat,reg.,
T«
•
V. -lat. 6a.
ConllOCll
llllS
N.Y.C.A
Lj
1
l:il
;s
HonieW,.^
101
101
68 1057, 106
1887
1
1:19
1
'-•
1st.
MeK. A
I'llta.
iv ,li'*'
lll-alia
1901
Ci'iitral—6a,
1
1
Pitta. Jiiiit.
Dell, r.erta., oxtu.
I
Mii«..l!.HrK'-l"<.».I.««
7.S,
tla,
•
a fd.,7a
1892
"
12>a Pitta.i
IIH)
AT. — lat,
,
2il
07
105
125
120
Xaah.Chat.,tSt.L.— l8t,7a
2d,
I
illlll.
112",
Cciua., 7s, ll)04-.'..li
Ci>na., 2d, income, 1911
I.a.
P.—Cona
II".
a. f
•••!
Aalb
Bid.
2.1
.s'thw.Ext.— Ial,7a,l910l 115
Pac. Kxt.— lat, Ba, 19'
102
Mo.K.*T.-Oeul..Ba,1020l SB's
General, 5a. 1920
1st.
6«»4
.
i.ou.sdI. 7s.
95
2d, 7b, 1.891
Mortritn's
Ill
E.T.Va. * O.~l»t.7B,I90O 118
60
101 Ij 102 >4
lat, cons., 5s. 1930....
60
B91;
Ex ronpona 9 to 12 .
20n»
«.t.
n
95
Divisional 5a. 1930 ...
27
Moil.
'I I. ...
80
OB
Ellz.l'.A .\.-».f.dol>.,c.,68
<;be.».ii..\:s.\v
M. 5-Om.
lat, tla. 1920
70>a 81
85
Chicago * Alt. Ill
Kliz.I,i>x.* BlKS.indy—6s
i"118i-j
l.Ht iiMirt., 7», 1H1)3
126 "a
Krit«— at, extended, 7a.
Miiikluir fuiiil, (>.<. 1003 ."•183
2d, extended. 5a, 1919.. 109
I.a. * Mo. ltiv.-l»i. -».i 123
3d, exteudwi. 4 Kjs, 1923.
2<1. 7a, l!lm)
IIU
4tb, exiendi'd, 5a, 192U. 110
st.i..Jaik.*riiic.— l»l
6tll, 78, 1888
1 Oil's
Ist, iriiar. (r>(il).7s.'94
lat, eona., gold. 7a, 1920 126
IW. (.SliOl, 7.S. luas ...
lat, eous., fd. eonp., 7s.
119
2d,(rii»r. (I.SH). 7», '98
ReoiK., lat lien, Ua. 1!M)8
I
41 h,
Ht.1.\'
83 Hj
83
II ,l.fent..Mo.-lat,7a.'90
90
Mobile ,t iliio- Xew lls-- no
CuUutenillnlat, Ba, IS92
55
1st, Kxlenslnn, (ia, 1927 100
.
I'ur. iiiimi'yfiiml.. l'*0"<.
!.l. -.
1908.
190811
I
A
Cl«v.
(
Det,.Mack.*Marii.— lat.Bs
"ei'
'
127
no's
8ar.
Den.* Klod.Wpat
..
112
Den.So. Pk.A Par.— lat,7a
100
Ohio—
Ox. U"
Chir.
104
101
107
..
1931
-.a,
1113
Denr.A Klo Or.— lat,, 7«
lat, rt'K., 7a,
103
Int. guar.. Bn
C'hi<.>4a]toiike »v
.* Susq.- lat. 7a...
n».,)tiliir 7S.1906
,rul>a. .KUiu'.Oa, 1 906
1 at
Hi If.. 5.H, ll)l;»
.iiual liiwa— Int. 7».'n!'t
K.i«t. Iiir.— iKf, (in, lliia
111.
123 K,
I
Vail. So.— l-il.
.->».
1131>4
7Hof 1871.1901
n*
I--I
lltiil
lioln'ral.
2il,7a, 1891
Itiinds. 7s. 1900
.N.— Ut,tl»
r^l.
I.I''.<V
lsl,5s.
HBf^lIltlTIES.
14B
••••
m" "mr
Penu. IlK.—couilnniHl Pitta. C. .1- Ht I,. -2d, 7«
Pitta Ft.W.*i:.-lal,7.
2d. 7a, 1912
;W, 7a, 1912
.
11
,
U
iu. 4'lly it
I'.
:;
I
.'^!,
RM. Aak.
Vvl.X Hud. (nlinl-l«t,7a| 114^4
1910
lat, ixt.. 7a, 1S9I
ConiHtn, 7a, 1894
117', 118
19211
lISlj., .Miull.i>iv.--l.sl.i;.s. I924I
117
KKKlsturcd, 7a, 1894
lat. Pa. I)h-.,<li.,7a,l9l7
IBS')! Mlnn.*St.l,.-lat,7a,1927
lat. Pan Dlv., rpK, 1917
Iow«Ext.-lst,7a, 1909'
1919.
•
Kaaex— lat, 7ll
lat, consul.. Knar., 7a.
I,»ik.,« \V -lat,6a
I
i;,,i.':
1'lltl^<lll. iV
.t
N, Y.
78-4
'-2^
i-.ni..
MolTla
I
A«k
Bid.
A W.— Contlll'd—
D«l. L.
18^
IIS
3-UAii.
RAILROAD RONOM.
SEfUKlTIES.
'*""•
)ill<
18»» 100(4
'tann^iii
"
40
MO
.
»J
B
'>*i».i
f
A«fe,
"^~
na
C'mi-'
VlrKii
e«,<''>
«».
e».
i(U'>g
•M.
1
lU
..
•
......I
Tt
.
•
1
Novs
"ii"!
lua
114>4
iRRfl
1
7l>'J
•'-'•'
•
Vii
11
N. (.**ronn*~<*ontinnfMl—
N«<r bou<U,J..«J.,'»»«
Hunolkllsl, alliilnum..
Do
WII.<-.AKU.R
Oonnl.4«. IBIU
H-J
A»
A.
»•
A
lO'J
¥&
eoiu„1914
Lnul«laiiit— 7ii,
9:l
K
6j,
469
.
t
Conpoiu otL
'
}"»
no
'it*
THE CHRONICLE.
470
New York
BAILROAU EABNINeS.
City Banks.
—The following statement shows the
condition of the Associated
and the totals from Jan. 1 to
The statement includes the gross
latest date are given below.
earnings of all railroads from which returns can be obtained.
latest railroad earnings
The
[Vol. XLI.
week ending October
ROADS.
WeekorMo
1885.
1884.
Jan. 1
to
1885.
1884.
782,601
757,576
9,652,951 10,339,773
144,980
197,594
788,694
862,198
354,776
361,081
14,528
22,070
102,851 103,915
9,842
10,840
238,398 223,869
2,317,813 2,073,270
61,959
77,880
199,000 146,000 6,277,892 4,164,066
979,039 1,125,669
39,597
Oct.
^9,786
wk
Central Iowa... 2d
1,370,209 1,368,999 7,928,866 8,680,298
ICentral Paclflo. Jiil.V
2,380,330
348,187
2,145,827
299,198
August
Cliesap. & Ohio.
480,989
436,990
83,172
62,932
EUz.Lex.&B.S. August
842,513
970,024
122,868
August
136,721
CSies. O. & 8. W.
Chicago & Alton 2d wk Oct. 190,576 231,307 6,155,765 6,828,904
15,798,715
16,410,106
2,447,495
August
2,224,304
Chic. Burl. & Q.
33,992 1,248,119 1,196,161
39.243
Chic. & Hast. 111. 2d wk Oct.
624,000 553,495 17,759,959 17,511,498
Chic. Mil. &St.P. 2d wk Oct.
598,400 535,800 18,231,892 18,089,000
Chic. & Northw. 2d wk Oct.
148,600 141,300 4,319,600 4,430,523
Ch.8t.P.Min.&0. 2rt wk Oct.
992,854 1,192,848
26,613
26,723
Chic. & W. Mich. 2d wk Oct.
53,699 1,8.50,304 1,901,62,'
47,126
Cin.Ind.St.L.&C. 2d wk Oct.
241,225 242,797 1,910,015 1,9 15,.574
Cln. N. O. &T,P. September
56,134 1,249,215 1,360,-201
48,981
Clii. Wash. & Bait 4th wkSep.
383,532
384,683
20,756
Clev.Akron&Col 2 wks Oct.
20,868
321,228 344,481 2,252,925 2,447,421
Clev.Col.C.A Ind August
136,893
143.773
22,754
24,224
Danbury & Nor August
Denv. & Rio Gr 2d wk Oct. 136,091 128,096 4,668,560 4,222,194
612,785
767,427
42,160
58,925
Denv.&E. G.W. 2 wks Oct.
271,351
287.002
8,681
10,346
Dee. Mo. & Ft.D 2d wk Oct.
930,740 1,067,868
25,409
27,208
Det.Lans-g&No. 2d wk Oct.
703,049
24,367
678,985
23,700
Dub.&SiouxCity 2d wk Oct.
81,572
93,770 2,980,004 2,918,120
E.Tenn.Va.&Ga. IstwkOet.
592,745
586,174
32,587
28,370
Evansv. & T. H. 2 wks Oct.
38,939
42,441 1,480,321 1,819,102
Flint & P. Marq. 2d wk Oct.
724.989
710,144
20,834
Flor. R'way & N. Ist wk Oct.
19,580
16,121
12,394
Florida South'u. .luly
368,920
8,582
353,729
Ft. Worth & Den. 1st wk Oct.
9,893
Gal.Har.&8. An. July
235,738 198,569 1,633,123 1,492,057
Grand Trunk ... Wk. Oct.lO 329,739 377,950 11,653.658 13,237,024
Gulf Col. &S. Fe. 2 wks Oct.
138,029 101,064 1,220,352 1,314,894
152,554 176,209
993,693 1,231,307
Hous. & Tex. C. July
Il].Oent.(Ill.&So) 2d wk Oct
276,300 2.50,875 8,095,021 7,721,415
(Iowa) 2a wk Oct
Do
42,200
43,284 1,241,959 1,301,997
lInd.BIoom.&W.!2d wk Oct
.52,531
47,788 1,854,342 1,831,133
k.C.Ft.S. & Gulf list wk Oct.
50,041
42,830 1,889,489 1,794,319
852,163
Kan. C. Sp. & M. 1st wk Oct.
30,074
22,176 1,155,258
577,263
Kentucljy Cent'l August
79,645 104,501
534,146
I,.Rk.&Ft.Smith August
30f>.903
39,711
.37,138
321,387
L.Rk.M.Riv.&T. August
24.705
201.060
20,342
185,369
2d wk Oct.
Long Island
51,591
51,165 2,363,249 2,316,184
liOuieiana West. July
42,.560
20,323
330,373
248,124
Loui8v.& Nashv. 2d wk Oct. 209,010 291,300 10,643,562 10,448,468
Manhattan Elev 2 wks Oct.. 269,597 2,59,912
Mar.Hough.A O. IstwkOet.
23,400
16,472
669,390
721,407
Mem. & Charles. August
95,824 114,663
790,964
875,235
•Mexican Cent'l. 2d wk Oct.
48,100
69,339 2,742,519 2,227,'366
•Mex.N., all lines September
115,323 117,382 1,156,548 1,188,256
Milwaukee & No September
46,873
46,338
408,773
381,765
Mll.L.Sh.&West. 3d wk Oct.
36,580
24,050 1,042,631
899,726
Minn. & St. Louis August
129,560 138,575 1,220,923 1,129,010
Mobile & Oliio
September 159,790 100,669 1,311,792 1,409,984
Morgan's La. &T. August323,966 246,796 2,433,391 2,086,605
Nash.Ch.&St.L, September
192,865 210,586 1,567,866 1,761,432
N.O.&Northeast September
45,585
27,133
443,846
273,352
iN.Y.L.EiiecfeW. August.
1,437,348 1,534,427 9,839,682 10,663,673
N. Y. Pa. & O. August.
441,338 482,039 3,114,183 3,609,836
N.Y.&NewEng August.
327,248 300,794 2,137,274 2,164,871
N. Y. Ont.&W.. September
187,275 205,318 1,401,609 1,466,952
K.Y.Susq.&West September 105,354
95,417
803,518
750,190
Norfolk & West 2 wks Oct
144,269 146,897 2,088,795 2,073,700
Northern Cent'l August...
451,370 510,427 3,460,864 3,608,198
Northern Pacific 2 wks Oct. 717,407 634,920 8,497,454 9,912,106
Ohio & Miss
2d wk Sept 100,809 104,856 2,558,751 2,642,866
Ohio Southern.. September
59,074
46,598
324,945
329,833
Oregon Imp. Co. August..
275,603 270,126 1,865,805 2,214,806
Oregon Short L. August.
186,128
99,428 1,138,918
561,627
llOreg. B.& N.Co. 2d wk Oct.
147,099 106,646
Pennsylvania... August . 3,956,306 4,617,894 28,961,004 31,940,228
Peoria Dec.&Ev. 2d wk Oct.
14,444
13,279
569,785
603,068
Phlla. & Erie
August
276,704 367,909 2,022,847 2,309,441
Phila. & Reading August
2,940,7.50 3,299,015 18,292,806 20,285,472
Do C. & Iron August .. 1,417,88- 1,948,741 9,418,040 10,436,344
Eichm'd &Danv. September 373,033 337,387 2,823,844 2,706,560
Ch. Col. & Aug. September
80,150
64,276
561,415
511,120
Columbia&Gr. September
63,400
51,130
454,197
418,743
Georgia Pac. September
62,069
46,974
458,412
390,146
Va. Midland.. September
167,304 170,268 1,134,785 1,184,174
West.No.Car.. September
45,864
42,879
337,544
318,328
Koch. & Pittsb'g 2d wk Oct.
24,007
25,853
934,655
882,508
Borne Wat. &0g. August
164,393 175,205 1,060,662 1,058,755
Bt. Jo. & Gd. Isl. 2d wk Oct.
28,193
23,991
811,097
St.L.Alton&T.H. 2d wk Oct.
'27,180
31,520
932,763 1,049,047
Do Branches 2d wk Oct.
17,760
18,038
567,298
575,238
Bt. L. F. 8. & W. 2rl wk Oct.
14,882
12,542
486,069
389,677
St.L.&San.Fran. 2d wk Oct.
98,1534
111,662 3,265,504 3,598,250
St.Paul<t Duluth 2d wk Oct.
36,219
37,030
995,487
965,563
St.P.Min.AMan. September 740,845 738,587 4,939,840 5,600,456
South Carolina.. September
113,427 109,599
781,249
810,911
August
*8onora
& Potomac Augiist....
BoBt. H. T. & W. 2d wlc Oct.
Buff.N.Y.& PMl. September
Bur.Ced.E.&No 2d wk Oct.
<;anadlan Paciflc 2d wk Oct.
Bait.
,
.
—
.
.
Bo.Pae.Comi)'y-Atlan. System July
Pacific
Texas
Tex.
&
Union
&
System July
N. O... July
St. I/Ouls
Paclflo...
Vicksb'g
&
IstwkOet,
August
Mer. September
Vlcksb.Sh.&Pac September
Wab. St. L. & P. September
West Jersey... August
J
Wisconsin Cent'l IstwkOet.
*
612,151
486,746 4,605,702 4,045,994
1,874,345 1,970,600
83,435
64,628
532,782
466,005
37,322
34,101
2,331,136 2,417,710 15,860,656 15,787,425
30,9181
41,483
299,331
335,023
39,994]
35,.521
250,803
135,262
1,236,160 1,427,875 10,199,124 11,167,885
212,638 223,368
892,933
929,410
26,774 1,089,520 1,060,621
30,015l
Mexican currency.
Embraces the 1,650 miles north
of Goshen now comprising the
Central Paclflo system.
Not
including
Indianapolis Decatur <t Springfield In either year.
J
.,^ Not including earnings of New York Pennsylyania & Ohio road.
Freight and passenger earnings only.
t
II
H And branches.
Net Deposits
Legal
Tenders.
Specie.
i,aeo,6oo
1,252,000
965,200
3,346,800
1,160,700
3,869.900
13.864,000
3,632.000
3,608.000
1,809,000
1,988.000
35,200
2,021,900
570.000
3,673.300
532,700
1.502.300
10,216,600
676,400
940,000
251,400
97,000
159,700
392,100
307,700
680,400
6,497.000
18,838.5,')0
6,01)7,600
6.381,000
5,903,600
2.380.800
6,762,900
3,819,200
1,624,400
3,864,600
8,865,900
2,667,000
2.422.400
2,092.300
3,185,000
1,852.700
3.084.000
994.100
1,901,100
528,200
1,546,000
814,800
217,900
11.963.000
9,646,000
8,230,000
Merchants'
Mechanics'
9,5'28,000
Union
America
Phenlx
Tradesmen's ...
Fulton
Chemical
Merchants' Exch.
838,900
12.219.000
3,170,000
11,025.800
2,269,400
890,100
16,194,100
3,298,400
Gallatin National..
5,3<)3.000
City
Batchers' & Drov.
Mechanics' <fc Tr.
Greenwich
Leather Mannf'rs.
Seventh Ward
State of N. Y..
Americ'n Exch'ge.
Commerce
Broadway
Mercantile
Pacific
Republic
Chatham
Peoples'
North America
Hanover
..
Irving
Citizens'
Nassau
Market
Nicholas
& Leather
Shoe
Com Exchange ...
8.
tton.
1,035,000
900,000
1,198,100
243,000
6,721,300
6,884,700
142.000
277,600
6,412,800
2.788.000
554,000
1,410,500
4,690,000
1,849,000
318,100
6,231, BOO
4,951,300
1,776,600
20,971,000
18,005,000
Park
1,686.000
North River
1,114,300
East River
Fourth National.. 15,759,900
8,057,000
Central National..
2,682,000
Second National..
6,449,800
Ninth National...
First National.... 19,096.800
4,648,400
Third National ...
1,232,800
N. Y. Nat. Bxoh,.
2,126,700
Bowery
1,995,800
N. Y. County
2,707,300
German- -\meric'n.
2,023,500
Chase National..
Fifth Avenue
2.776,800
1,920,100
G erman Exch'uge.
1,948,600
Germania
2,686,600
United States
2,032,700
Lincoln
1,395,700
Garfield
1,143.400
Fifth National
3,133,600
B'k of the Metrop..
1,444,900
West Side
1,560,700
Seal>oard
1,640,100
Sixth National..
468,000
488.100
473,900
634,700
784.500
240,000
448,700
1,193,200
717,300
203,300
180,100
533,900
320,300
247,000
329,800
«
912.000
683.000
2,360,000
370.000
13,090,000
12,090.000
10.368,000
8,887,000
166.600
11,183,600
3,025,000
18,850,200
2.238,500
1,883,100
22,688,800
3,173,800
4,424,900
1,645,700
1,414.000
1.096,800
3,004,800
1,145,500
3,948,400
16,626,000
18,469,800
6,201,800
7,387,700
2,882,500
5,828,200
4,092.100
2.034,200
4,37a,700
11,044,200
2.937,000
2,979.400
3,005.400
2,973,900
1,987,100
3,761,000
4.601.200
5,794.300
1,900,100
26,663,300
24,074,000
1,949,000
1,013.500
19,994,500
9,661.000
3,233.000
6,136,000
686,900
185,000
1,491,0001
131,300
138,200
676.600
163,900
677,300
147.900
196,000
219,300
333,900
63,600
205,100
1,133,000
1,338.200
241,000
711,000
177,100
•282,000
492,900
184.700
366,200
686,400
233,700
218,200
223,800
230,600
101,000
327,000
163,000
320.000
893,000
598,700
3,280,700
833,000
627,600
801,700
713,400
517,000
Continental
Oriental
rmporter8'& Trad.
1,088,000
1.462,300
120.000
96.800
1.536,900
438,000
315,000
348,700
736,900
823,300
179,300
261,500
237,700
173,600
326.900
179,200
300,000
308,400
45,800
305,300
147,500
232,200
391,400
253,600
118,700
141,700
•20,496.100
The following are
Loans.
weeks
totals for several
L. Tenders.
SpecU.
2'42,40d
'Bo'ood
279,600
582,400
169,300
2,600
438,400
14,900
597,700
898,600
45,000
4"23'600
43,000
180,000
256,700
266,800'
433,100
442,300
id3',Bbo
880,800
45,000
2'24'20O
180,000
297,000
37,200
16.000
149,000
170,000
22 L 600
180,000
iB^obo
179,900
13,100
178,600
180,700
191,000
9,956,600
past:
$
S
$
$
• 10 331,900,300 108472900 28,505,100 387,298.300
•'
17 335,473,000 105630300 27.872.300 387,796,100
Boston Banks.
359,000
Oirculation Ago. Clear'gt
Deposits.
9,905,600 672,076,277
9,923,800 669,660,518
9,968,800 702,000,82
Oct. 3 330,759,300 107091300 30.717.900 385,360,000
—Following are the totals of the Boston bankgj
L, Tenders.
Specie.
1885.
460,000
5.961,300
1,238,800
2,313,000
2,581.900
2,663,900
3,624,400
3.052,900
2,893,300
2,593,400
3.213.700
2.872.900
1,441,400
1,316,800
3,740,100
1,793,600
1,442,900
1,860,800
335,473,000 105630300 27,872,300 387,796,100
Total
1886.
Circula'',
other
than V.
S
New York
St.
City for the
Amount of—
Latest Date.
Manhattan Co
95,270
90,523
Ala. Gt. South'n September
1,243,909 1,391,319
Atch. T.&8. F.. August
New York
of
Average
Loans and
IHscounts.
Latest Earnings Reported.
Banks
17, 1885:
Deposit*.*
]
Circulation Agg. Clear^gs
S
Oct. 3 151,368,000
" 10 153,716,100
" 17 163,161,000
1,758,600 110,046,300:21.406,400
4,337,900 112,713,200:21.422,800
4,449,000 lll,988,000i21,417,200
8,883,000
8,963,300
8,978,700
Philadelphia Banks.
68,509,618
72,426,489
76,110,888
—The totals of the Philadelphia banks
are as follows:
Lawful Money.
1886.
79,797,300
80,160,900
80,143,200
"Including the Item "due
3
10.--.
17.---
82,951,000
27,719,100
28,210,700
83,087,100
28,979.000
84,982,500
to otner banks."
Unlisted Securities.
week
—Following are
Oirculation. Agg. Clear*aa
7,392,600
7,398,300
7,394,500
& Pac— C.
D., 1st, old
Bid.
latest quotations for
Bid.
Securities.
M.K.&T.— Income
81
10
22
78
scrip
.,
93
N. Y. M. Uu. Tel.- Stock.
N. Y. W. Sh.& B.- Stock.
Receivers' cert
North. Pac Div. bonds.
North Riv. Cons.— 100 p.o
H.T.& West.— Stk-
ih
Debentnres.
Buff. N. Y. & Phila
Pref
Trust bonds, 68
B'klyn Elev., St. receipts
5334
Ohio Cent.— Rlv. Dlv., 1st
Incomes
iLCOinea
Accumul. land grant
Ata. & Char. Air L., stockist mort., gen. bonds. .. 119>a
Incomes
Best.
Ist M., orwhen Issued..
2d M., or when issued..
Ist mort
Pensacola
9
12
35
3915
99
68
21
Pref
Cont. Cons. Imp. Co
18ia
Denv.
36
& Rio Grande— 5s.
U.S. Trust certs
Denv. & Bio Gr.W
Edison Electric Light
Georgia Pac— Stock
1>4
5s,
1st mort., 68
2d mort
Henderson Bridge— Bond
Keely Motor
Mexican National
Pref
mort
Mich. & O.— 1st mort..
let
la
Chicago & Can. So.—
1st mort
Cln. W. & Bait.— Stock...
Ist
50,974,977
17,976,207
63,991,065
a
past:
Secv^ities.
Atl.
Deposits.*
10>4
1003,
&
Atlantic
mort
1'4
AA
70
2".
102
85
8518
2IH1
23
18
17^
lia
2
0'(
Wh
86
dk Western
16
Ist mort
66
7
1"*
Postal Telesrraph- Stock.
91^
69
Ist mort.. 6s
Postal Tel.&Cable— Stock
1
100
415 Rich. & Lauv., deb
8618
Southern Tel. Stock.
27
1st mort. bonds
20
State of Tenn
Set'm't.38 64
es
St. Jo. & Grand Isl., 1st., 101>a
Incomes
43
2334 251a
Stock
371a
12 19
16=4 Texas & Pac— Scrip 1884.
Kcrlpl883
37
56
Tei.&St.L.McfeADlv.,l8t. 30 >a 32
Tol. tfe O. Ceu. com. stock.
7
Pref
16
43
101
Tol. * O. Cen. Ist58, gr.by
Pittsburg
43
100
—
& Hock. Val. KB ...
31a
15
53
64
Col.
5>a
4I4 Vicksb.
<fc
Meridian
!«
Pref
Incomes
West N. Car.— Consol.
15
68.
81
CTOBXS
THE (JHRONICLR
94, 1880.]
Quotations in Boston, fbiladelphU and Bntttuior«.
BBOli RtTIBS.
-
BOSTON.
A
Atoh.
Bofltou
6»
135
T<i|M>ki«-lst,7l,
IjAixI »?r.itit, 7m
Boflton «t Af ;iliio— 7s
Conn., 6 p.
Cam. A llurl. Co.-6s, 87.
0atawl8S»— Ist, 7s, con. 0.
Lowell— 7t....
(ft
6«
A Provlrtonco-7s
11H>g
Bart. & Mo.-I.il. (jr., 78
Nebra.skH. 0H. -Kxempt
New 78, re*. A oonp
Nebniskn, 4.H
Conn, ^t I'aHHiimpslo 7s.
Comiotldii VulU?y— 6s....
132
Kftitt'rii. .M11.HH.—0A, new..
Fort .Scott A (lulf—7s....
K.Clty l.awr.Jt 80^68.. « ...
K. Cllyst. Jo. *C. B.-7s«l'.JS
I'ltv
spM A Mem.— e*
lOs
eugland—6s
S.
7ii
M
1
N MiM.i*
Bo. Pao.— 7b
L.Oh.— Con.6s
OKcliii^i.it
103
105
1'.'4
U.AB.T,-l8t.7B,g..l890 110
Cons. 68, 1895
82
I thacaA A th.— 1st, Klrt.,7s
5s, nerpetnal.
110l| llarrlsb'g—
rrisb'g- 1st. 6s, 1883
no
81
2U
lucuuio
Colony— 88
Pueblo A Ark. VaL— 78..
Rutluud—Cs, 1st
eonora-7s
80
Olil
STOCKS
122 >i 123
104
Cheshire, preferred ..
Chic. A West Michigan..
Cltui. Sandusky A Cleve.
37
S3
114 Ills
14^1 14>!i
77
82
il3U
Gulf
Preferred
Falls A Sionr Cltr.
Kan. C. Clin. A SpringPd
Kan. C. SprlnKf. A Mem.
Little Rock A Ft. Smith.
Louisiana A Mo. River..
65
Iowa
65
05
67
37\
2018
45
l'''^
j^°4
1
Marq.UouKht'nAOnton.^
Prefened
23
Bntland— Preferred
16
126
169
163
i09"'
Plllla. Newt. A N.Y.— Isl
Phll.A R.— 1st, 6s, 1910..
116
2d, 78, coup., 1893
Cons., 7s, reg., 1911
Cons., 78, coup., 1911 ..
—
20
16>«
20
PHILADELPHIA.
Bntralo S.Y. A PhU
3»ref erred
Camden A Atlantic
Preferred
4",
4^
7'9
6U
3d preferred
Delaware A Bound Brook:?
East Pennsylvania
A
41
65
Williamsport..
Preferred
81,
Broad Top
20 >s
Preferre*!
66>,
Lehigh Valley
Preferred
Little Schuylkill
Minehlll A Sch. Haven..
Nesquehouing Valley
Norfolk A Weet'n—Com.
Preferred
Northern Central
62
02
65
65
22 <3
North Pennsylvania
Pennsylvania
Philadelphia A Erie
Phila. Oer. A Norristown
A
Phlla. Newtown
N.Y..
Phila. A Reading
Phlla. Wllm. A Salt
Income,
8a,
A Erie— lat, 7s.
Uaz. A W.— Ist, 6s
{
—
BONDS,
interest on bonds
IMvidends on capital stock
667,477
Contingency account
and loss, including; interest,
discount and exchange
A Aug.— 1st
2d
CIn. Wash. A Bait.— Ists.
2ds
3ds
976.380
1,110,932
217,634
205,455
5,613,628
2,657,661
136,556)
175,702
162,529
264,000
264,000
171,4.W
171,466
171,074
1,235,142 1,339,621 1,273,962
100,000
35,733
4.365,604
1,248,024
1883.
1884.
1885.
$
*
$
BALANCE SUEET JULY
AsteU—
Cars and equipments, Inoluding
Detroit
in:.,
Chicago,
Mantua, &c
St.
1
31.
9,858,049 11
379,594
6,0iO,2O5
194,383
68,954
Car works at Pullman, &0
Patents, U. S. and foi-eign
Furniture ami fixtures
Real estate,
3, 263,763
fran<
Carworksat
119
120
95
lOlia
107
II3I4 116
1U4
102 1« 10.1 't
66
67
361.J
37
,192,694
3,039,932
1,053,313
Total disbursements
Netresult
chises'
BALTIilIOREc
RAtLR'U STOCKS.tPar
RAILROAD BONDS.
4,456,457
,
S57
Atlanta A Charl.- Ist.
Inc
JtalUmore A Ohio— 4a..
Cen. Ohio.—6a, lst,M.AS.
4,093,245
Profit
jiogii
1896
,326,338 11,480,365
381,385
380,531
.434,'<28
6,584.523
187,134
87,862
184,034
71,680
Louis,
,
Invested in other oar associations
controlled and operated
Htocks and l>ond9 owned.
316,670
802,553
1,066,141
3,705,025
1,339,089
434,530
535,986
3,578,015
590,013
1,519,843
859,000
Car trust boi.ds
Receivers"
certificates
Construction material and operating
supplies, including aiuount paid on
cai-8 in process if constmclion
1,213.194
Lumber
705,933
Halanoe of current acounts
Cash and call loans
168,832
•?S^:l95}l-771.3«8
592,676
361,721
270,161
l8t Inc., 68, 1931
2d8
No. Central— 414.1,
.
i2mi
Allegh. Val.-7 3-108, '98
7s,E. ext..l910
'14'
Inc. 7s, end., coup., '64
A PIttsb.— lst,6s
16
Ashtab.
Belvid'e Del.— l8t,88,1902
3d, 6s, 1887
117
103 >i
1900, A.
AO
gold. 1900, J.
A J.
A J....
Series A
Series B
Plttsb.ACon'ells.—7sJ4J
ibe'ii
lbs"
89
90
104
105
I2OI4
120
108
107
124i« I25I3
116
1-25
1893
W.Md
;io6
l8t, 68, 1905
6a,
68,
5b,
58,
J.
Union RR.-lat,gua.J*J
Canton endorsed
106
Virginia A Tenn.— 5s
1908
Consol., 68, 1913
1«
Buff. N.Y.A Phil.— l»t,6s
2d, 78, 190S
101
2d,
I
6s,l8t,
ret., J.
A
r.,
Per share.
Wil.
A Weiaon- '6s.
t
i
Donds outstanding
Received from sale of
old ears leased
Fri>ni Central Transportation Co...
Halunco of current accounts
Surplus Investid in tho aa.sct9 of the
company, less written off during the
441,356
288,534
6,826,470
yeart....
Total
106
117
107 "»
78.
In detanlt.
13,269.500 15,924,800 15.925,000
2l269,500 2,269.500 2,220,000
CMtal Bto^
H6li
Wilin.d
W.—Gen.,6s
23,095,369 26,169,382 28,466,426
Total assets
441,370
441.371
1,388,479
7,533.712 :8,491.576
J.AJ. 1061a
2d Kuar.byW.Co.jj.AJ.
68, Sd, guar., l.AI
A Aag.— 6s.
Cons. 6a, 1921
l8t.Tr. 68. 1922
I
Coupon
,
116isl
W.JerseyAAtl.— lst,6s,0.
Western Penn. —6s, coup. 5IO71V
iTt 47 >« ColnmblaA Oreenv.— Ists
1^
rines included)
Cons. 68, gold, 1908
Oen.,4a, uold, 1923....
Lehigh Navigation
Pennsylvania
Bx.dlvldeud.
488,231)
543,947
605,596
541,371
.
i>w6«rsemcn«—
ding (leased llne-s Included)
Propoitionof operating expenses, Ac.,
in cars of other sleeping-car associations controlled and operated
Rentals of leased lines
6s, P. B.,
$
q.o 1 51
>4,»»o,j.oi
I
Operating expenses. Including legal,
general, taxes and insurance (leased
Maintenance of upholstery, and bed-
Charl. Col.
CANAL STOCKS.
&c..
proflto,
A TituBV.- Ist, 78.
47
'
97
79 '( 81
Atlanta A Charlotte
100 177 19U
Baltimore A Ohio
130
let pret.
124
2d pref.
6l«
60
Parkersburg Br
49
49 19
60
Central Ohio— Com
54
63
Pref
11
OS's Western Maryland
II84
50
12<^
man uf.
Total revenue
1041a
Consol., 6s. 1905
West Jersey
West Jersey A Atlantic.
Baff.Pnts.A
operated
Patent royalties,
1884-85.
$
3,424,279)
Ing car associations controlled and
Com.- Ist, 7s.
A Pac— Ist, 6s,1906
Union
1883-84.
1923
2d, 68, reg., 1907.
Companies.. 5202
Bell's Clap— lat, 7s,
139"
A Del.— lat, 68,1886 80
Lehigh Nav.— 68,reg.,'84. 10913
Mort. RB., reg., 1897 ..
i24is
132<a
Cons., 78, reg., 1911 ...
85
Pennsylv.— 68, cp., 1910.
Schuylk. Nav.— lBt,88,rg, i9& 100
9
21>t
66"
1832-83.
—
2d, 68, 1938
Tex.
contracts 71,439 miles."
The annual reports of the company are merely statistical,
and contain no remarks in regard to the operations or condition of the company. The income account and balance sheet
for the past three years have been compiled for the Chroniclb
as follows:
Revenue
$
Earnings (leased lines included)
2,946,278
Proportion of earnings of other sleep-
99>«
Sunbury
Sunb.
Piillman'8 I'alacc Car Company.
{For the year endino July 81, 1885).
At the annual meeting of stookbolders in ChfcaKO there were
118,113 shares represented out of a total of 109,000. The following (lireotora were re-elected for the ensuint; year: George
M. Pullman, John Crerar, M-irshall Field, J, W. Doane, Norman Williams, O. S. A, Sprague, Chicago, and Henry C. Hulbert, New York.
The usual quarterly dividend of two per cent from net
earnings was declared payable Nov. 16. The directors elected
the following officers for the ensuing year: President, Oeorge
M. Pullman; Vice-President, Horace Porter; Secretary, A. 8.
Weinsheimer.
President Pullman, in the course of his remarks to the meeting, said: ''During the fiscal year ending July 31, 188."!, renewals of contracts have been made with the New York Lake
Erie & Western Railway, and leased lines, and the Pennsylvania Railroad Company, including all lines owned and
operated by it; these renewals, together with new contracts
entered into with several smaller lines of railroad, cover mileage of 13,334 miles, making the total mileage of existing
{
Ches.
A St. L.—Com,
,
19
4U
20
Pitta. Cin. ASt.L.— 7a
B.— 7s,cp.
Pitta. "Wtus.
CANAL
JIO
56
1st preferred
St, 8s, reif.
35
Cons. 5s. 2d aer.,c.,1933
Conv. Adj. Scrip, '85-88
Debenture coup., 1893i
Scrip, 1882
Conv., 7s, R. C, 1893..*
Conv. 7s, cp.off, Jan.,'86
Phil.Wll.A Balt.^Sjtr.ot
Gen., 7a, coup., 1901
CatawisHa
1
'76'4
lat, 78, 1899
Cons. 68, 1909
Oap
RAILROAD BONDS.
76^
«3
Warren A F.— lat, 73, '96
West Chester— Cons. 78..
W.Jersey— lat, 6s, op.,'96
Preferred
8ohuylklll Nav., pref...
121
lll>a
{95
Cons.,es,g., l.R.0.1911
Imp., 68, g., coup., 1897
Gen., 6s, g., coup., 1908
Gen., 7a, coup., 1908
Income, 7s, coup., 1896
Cons. 5a, 1st 8er.,c.,1922
10>s Syr.Oen.A
RAILROAD STOCKS, t
Allegheny Valley
Ashtabula A Pittsburg..
J.
niH
110
A Brio-l »t,7s,cp.'88
lUHi 116
United N. J.— Cona.6s,'94
14
14^ Cona. 68, gold, 1901....
Preferred
United N.
123
136
Gen'l 69,1921
26
Snuimlt Branch
Worcester Nash'aA Koch
Wisconsin Central
Ptttsb.Ctn
120 Hi
110'
ShamoklnV. A Potts.- 78 120
60
Shen. Val.— lat, 7s, 1909
9i«
162
Old Colony
10
Oglensb. A L. Cbamplain
Portland Saco A Portsm.
A
«80
138
119
A
6*
Metropolitan
Mexican Central.
Nashua A Lowell
N. Y. A New Knxland ...
Northern of N. Hampsh.
Norwich A Worcester
Hontingd'n
105
60
'
,
Preferred
filmira
93
Cons., 68, 1920.
Cons., 5s, 1920.
90
Fttohbarg
Flint A Pere Marquette.
Bell's
101
7,1906
1«^
£astem. Mass
Preferred
Maine Central
180
Perkiomen— 1 at, 6s,cp.'87
Phil.
Conconl
Oonnectlcnt River
Conn. A Pasanmpslo
Cleveland * Canton
Det, LansiuK* .No., pret.
*
lis'
reg
Norfolk A West.— aen.,68
N. K. Div., l8t, 68.1932
N. Y. Phll.A Nor.— lit, 8s
Inc., 6s, 1933
6s,
C—
Hj
April, June, Aupust, October and December, and it fi^rextra charge to allreuular subscriber1 of the
Chronicle. Mxtra copies are sold to subscribers of th»
Chbo.niclr at 80 cents each, and to others than subscriber*
at $1 per copy,
ANNUAL REPORTS.
135
138
127 "a
Oil Creek— Ist, 6s, coup.
76^4 Pennsylv.— Gen., 6s, reg
O-s
Gen.,6B, cp., 1910
178
Cons., 68, reg., 1905...
118>«
Cons., 6s, coup., 1906..
186>a
Cons.. 5s, reg., 1919...
182
7s, 1896
Pa. A N. Y.
S
132
110
89 >« 99^ Oil CllyA Chic— 1st, 88.
76»,
AtchlAon A Topeka ...
9
Atlantic* Padtlo
Boston & Albany
Boston A Lowell.
185 14
Boston <ft Maine
Boston A ProTlrtenoe
Bofltou Revere B. A Lynn 119
Carabrid.o
Fort Scott
Debenture
Tho iNVKSTOBs'Suprr-EMBNT tnntaint a complete exhibit of
mates and Uitiea and of the Btockt and
Bond* of Hailroads and other Vompanie*. It ia publithed
on the last Satnrduy of everi/ other month ~viz., February,
nmhed without
lHt,7*
46^4 Jack. A souihe'm— l8t,0s
lU>j
nen., 6a
78
I*h.V.— lst,6s,O.AR.,'98
73>a
2d, 78, reg., 1910
lll>i
Cons. 6s, O.A R., 1923.
122
121
N. O. Pac.-lst, 68, 19'J0.
#6
No. Ponn.- 2d, 78, cp. '96.
la2>a
aen.,78, 1903
Hcnp
Y.A
-
lu
77
,
iJebi'liturft,
A cp.,V.
119
112
Kexu-aii rontral—78
N.
rx.
Br
(!m,
A Hound
Ra«t Penn.— 1st, 7s, IHHH
KastouAAmb'jr— Ss, 192U in>a
122^ KlAWinap't-rst,6s, 1910 1)6
Ft. H.-78, l8t
Jllftmio
Delaware-
130
118
119% Cor.CowanA .\iii.,deb.Os,
Del.
—
K.
Conneot'g 6s, op., 1900.04
108
NnliriiskA, tiii.Non-flX'pt
H A
SnteXXiflence.
the Funded, Debt of
OhaUM., 108.1888
Boston
Little
3BlaiIroaa
Cam. A An) boy—6s, c.,'89 169
Mon., «n. 1889
112
Cam. A All. l8t,7B,ft.,'9»
2<1,0», 11104
,
,
Boston
investment
AM
B1«L
-
Albany— 7i
i&
8K0UH1TIBB.
Ask.
Btd.
471
Last price this week.
..
liabilities...
23,095,369 26,169,332 28,466,426
669 In 1884; 68610 188.5.
In 1884, *485,461 to 1885. $29().159.
1 Wtltten off-Ill 1883, $250,658
amount Is embraced in depreciation aooouat and
of
this
; $1,200,000
$7,291,576 111 inoomo account.
*.579 ears In 1883;
:
;
[Vol. XLI.
THE CHRONICLE.
472
narand it was built from the Colorado border to Otruen as a to
row gauo^e line to connect with the Denver & Rio Grande,
which company it was leased at a rental of 40 per cent of the
following is the report gross earnings.
&
Beach
RBVore
Uoston
Sept. 30:
This lease was alleged by the partes who afterward came
of operations for the fiscal year ended
Increase.
3-4.
possession of the Denver & Rio Grande Company to have
into
$5,5 li>
$190,'2.=i4
unreasonable and illegal, and made principally for the
OroM earnings
been
6,351
Dec.
*i?j'.T^,*
120,602
Since both
Expenses
benefit of the Denver & Rio Grande Western
_SZ-lf—
$11,861 roads went into the hands of receivers the lease has been dis«9,652
if?l,513
Set earnings
$35,143
foreclosure of the Denver & Rio Grande would
IMvidemls, six i>er cent
581 regarded, and
*:5'>i1§
Dec.
21,628
21.047
apparently wipe out the lease.
L"tc«st
59G
8,'.:'57
H.S53
Taxes..
During 1885 under the receiver the gross earnings of the
$15 Denver & Rio Grande Western for nine months from Jan. 1
$65,033
$65,018
Total
$n.8l9 to Oct. 1 were $708,000, or say $1,000,000 for the full year
$1,619
g„^°7
$16,465
16 Judge 1885. Net earnings are not known.
October
Buffalo,
CuUa.-At
Bradford Eldred &
Bradford
The plan of reorganization for the Denver & Rio Grande
Lewis authorized Thorns C. Piatt, receiver of thecertificates
(including an assessment of $6 per share on the stock and the
s
receiver
in
28,.526
issue
to
road,
.f
Eldred & Cuba
issue of a new 4 per cent bond, plus $700 of new preferred
New YorK.
to the Metropolitan Trust Company of
for
stock, for each of the old consolidated bonds) had been out
GardClinton
G.
any plan for
Buffalo New York & Philadelphla.-Mr.
earn- some time and was practically accepted before
net
and
expenses
earnings,
forward.
ner receiver reports the
compared the Denver & Rio Grande Western was brought
fn^ for one month ending September 30, 18S5. as
Then in August last Gen. Palmer issued his proposed plan for
follows
as
with the same period of 1884,
reorganizing the Denver & Rio Grande Western without
1884.
1885.
up to September
Inc. $14,529 foreclosure, by a graded scaling of interest
$223,868
$238,398
earning
Gross
on
4:,507
Deo.
ioi,i.ao
1889, as published in the Chronicle of September 5, 1885,
Hb,bi<»
Operating expenses
page 273. In the absence of any opposition or any other pro$19,030
Inc.
$72,672
the
"igiiToi
Net earnings
posal the Chronicle then commended in a general way
-• Louis Globe- Democrat idea of reorganizing railroads without foreclosure, when such
The
-— St.
...VI. .->,.-.
& Tinceiincs.—
Cairo «.
withered
saysthat the present management of this road, late a
a method was practicable.
and neglected branch of the Wabash system, has exhibited
On the 10th of October a notice was published that Messrs.
and
situation,
the
thus far a most thorough appreciation of
Coppell, Welsh, Gilman and Dick, at the request of bondwork
the
in
intelligently
has gone forward energetically and
holders, said to hold $2,500,000 of the Denver & Rio Grande
as Oarm
of improvement and reorganization. The roadbed as far
Western bonds, would soon formulate and propose a plan of
has been thoroughly overhauled, leveled, improved and almost reorganization. On the next day, Oct. 17th, Gen. Palmer
entirely relaid with steel rails, with many new and substantial published a notice that a majority of tlie bondholders had
bridges and trestles. The road from Carmi to Vincennes & agreed to his plan. To foreclose the mortgage the trustees
DanviUe is receiving attention, and is rapidly nearing the per- must have the reiiuest of 25 per cent in amount of the bondKeceiver Thomas and holders, but a singular provision in article IX of the mortfection attained by the lower end.
General Manager Wheeler have been in consultation for gage says that a majority of the bondholders may control the
several days, and it is within the possibilities of the near trustees' action, and may vote to waive a default.
future that an extension of the line will he constructed from
There has been much bitterness of feeling and action in
St. Francisville, sixteen miles south of Vincennes, to Evans- times
past between the parties in control of these two
ville, thus forming a powerful competitor of Mackie's Evanscompanies above referred to, and of this the Chronicle has
ville & Terre Haute road.
nothing to say; but in endeavoring to get at a tolerably fair
Canada Sonthern.— The agents of the Canada Southern statement of the present situation the matter may be summed
Railway Company, Messrs. Garolin & Cox, have just sold to a uj) as follows
syndicate consisting of Hallgarten &Co., Speyer & Co., Kuhn,
1. It is of the utmost importance to both roads that they
Loeb«&Co., L. Von Hoffman & Co., and their foreign con- should be worked in harmony as connecting lines.
nections, the balance of the company 's second mortgage bonds
2. Gen. Palmer, President of the Denver & Rio Grande West(about $2,000,000), most of which will be paid for in cash at a ern, may be said to represent the stockholders of that comprice near the present market quotations. This will enable pany, and the object of his plan is to resuscitate his road withthe company to pay at once all of its floating debt incurred out foreclosure, and without any assessment on the stock,
for the construction work done when the road was taken which is only to be accomplished by the forbearance of the
by the Michigan Central.
bondholders proposed in his plan.
The committee, of which Mr. Coppell is chairman, represents
Chesapeake & Nashville.— The Cincinnati Inquirei- sayf
which
the Chesapeake & Na.shville will be built before January 1, the interests of the Denver & Rio Grande Company,
line
1887, and make practicable the opening of a new route re(iuires the Denver & Rio Grande Western as a connecting
between Cincinnati and Nashville, thirty-two miles shorter and wishes to get it at a moderate interest charge on the bonds,
than the Louisville & Nashville's short line. The new route is either with or without a cash assessment of the stock as their
GENERAL INVESTMENT NEWS.
L^-The
.
•
,
Mr. Huntington's
latest project in the interest of
Chesapeake
&
lines.
It is to strike
Cincinnati Hamilton
&
Dayton.
—The
business of the road for the first six
year April 1 to Sept. 30 is as follows
—
—
statement of
months of the Bscal
:
1884-5.
1883-4.
$1,378,727
909,607
$1,466,360
937.099
and guaranteed dividends
$469,120
324,158
$529,251
334,168
Balance available for dividends
'Jliree per cent dividend on common stock..
$144,960
105,000
$195,083
106,000
.'};39,960
$90,083
Gross earnings
Operating expenses
'.
Net earnings
Interest on bunds
Surplus
The net earnings being equal
mon
stock,
Denver & Bio firande.— Receiver Jackson, of the Denver
Rio Grande Railway, has made his report to the Railroad
Commissioner of Colorado for the period from July 11, 1884,
to June 30, 188.'). The physical condition of the road is better
now than it ever has been. The number of miles operated bv
&
the receiver is 1,316. There are 1,083 miles of steel rails and
234 miles of iron rails. During the year 363,996 new ties were
put in and 481 tons of new steel rails laid. The road has 58
passenger locomotives, 172 freight locomotives, nine switch
locomotives, and 6,003 cars of every description. During the
year l,0l):!,660 tons of freight of various kinds were transported over the road and 324,048 passengers. The total
earnings from all sources were $5,485,434, and the operating
^f Penses and taxes were $3,844,888, ieavmg net earnings of
#1, 640,446.
suggest.
be reorganized in harmony. There seems to be a
tunity here for judicious arbitration,
Dubiuiue & Northwestern.— A dispatch from Dubuque,
Iowa, Oct. 15, said that Mr. A. B. Stickney of St. Paul had successfully placed the bonds for the building of fifty miles ($800,000). with European parties. "He has also sold in Europe bonds
on 160 miles of the Minnesota & Northwestern and Dubuque
Northwestern, representing $2,560,000, $1,000,000 of which has
been transmitted to him from Europe. The directory of the
latter road issued to-day in trust to the Minnesota Trust Company, its first mortgage on fifty miles also the $800,000 based
on this mortgage, the same to become the property of the
Minnesota Loan & Debenture Company, when its contract is
:Mr. Stickney authorizes the statement that the road
fulfilled.
Fifty cars of steel rails arrived
will be built next summer.
over the Illinois Central to-day."
East Tennessee Virginia & Georgia.— The gross and net
earnings by months are as follows
&
:
.
Cross earnings.
1884.
1885.
ra 'road
from the Denver
&
was an
Rio Grande,
.
Xel earninia
1885.
1884.
$278,037
312,723
369,311
$298,824
328,496
379,424
$90,161
124,697
159,201
Total, 3 nios. $960,071
$1,006,741
$374,059
Julv
August
September
F.vanSTille & Tcrre Haute.— The operations
ending August 31 show the following results
.
$131,328
133,345
162,534
$427,207
for the year
:
MUesoperated
Orosseariilngs
& Rio Qrande Western.—This
entirely distinct corporation
may
3.
;
on the coma semi-annual dividend of three per cent was
to 4}^ V^^ cent
declared.
Donrer
plan yet to be offered
The Denver & Rio Grande Western bondholders are
between the two parties above mentioned, and have no other
interest than to get fair treatment from both of them.
It is impracticable for the Chronicle to enter at length into
the arguments used by both parties, but it is obvious that the
Denver & Rio Grande is the heavier corporation, and will
have command of new capital on its reorganization, and if the
holders of stock and bonds in the Denver & Rio Grande Western can secure fair recognition of their rights, it would be
that the two companies should
the better for all parties concerned
fine oppor-
the Cincinnati Southern at Moreland.
The charter is for a road to run from Nashville to Stanford, on
the Kentucky Central, and a branch via Lebanon to Louisville,
there to connect with the Chesa'ieake Ohio & Southwestern.
Thecommitteeof the Nashville Merchant j' Exchange has recommended that the City Council gra at ihe right of way and appropriate a sum sufficient to secu'e certain rights of way in
litigation, and that the install inents due on the $500,000
subscription by the city of Nashville be paid at once.
Ohio
Operating expenses
Netoarnings
1882-3.
1884-5.
1883-4.
146
$718,823
336.721
$7.53.107
3(15.810
116
$751,690
387,228
$382,101
$387,297
$364,462
146
October
THE OHRONICLR
84, 188S.]
—
ColornUo & Santa Pp. Surveys have be((un for an
cxtoiiHioii from Kort Worth north to (raineavjlle, Tfx., a ffw
miles south of tho lt»«(l Uiver. Tho lino would Ui\ parallnl with
and alMiut thirty miloa wost of tho Ilouitori & Toxiw Antral,
and cliwo to tho Wliitoaboro Fort Worth line of tho Missouri
Kansius & Texas for all but a few miles, (trailinfi; for tho
extension of the Lim|>:tsa3 Brunch has boon rompleted to a
point l>i>.vonil lirownwond, Tox!, and the truck laid within
Fifteen miles of Hrownwood, and the line has been located
further thr.iugh Coleman to Kunnels, the county seat of Runnels County. Thence tho route may be either westward to the
Ked Forks of the Colorado, or due north, crossing the Texas &
Pacific at Merkel.
Railroad tiazette.
Houston East & West Tesas.— The rails to complete the
Louisiana end of the Houston East & West Texas hare Iwon
receivetl. and were to be laid immediatelv on the eight miles
to the Sabine River at Loc;ansport.
'frack-laying was progressing on the Texas end north of Timpson, and it was hoped
to complete it to the Sabine at the same time ns the other,
when the bridge over the Sabine would be built and complete
the line from Flouston to Shreveport.
Indianapolis Pern &, Cliicagro.— The bondholders of this
road took possession, October 21, under Court decrees.
Arrangements for the temporary operation of the road by tlie
"Wabash will probably be made.
Lake Erie & Western.— A press dispatch from Chicago,
October 2), said: "Application was made to-day by J. H.
Cheney, as Receiver of the Lake Erie & Western road, to
Judge Gresham for leave to buy 3,000 tons of steel rails and
(«ulf
(
Norfolk
n:i
A Westorn.—Th«
W*.t*m
Norfolk
RailroMtJ
''
has arranged for the exteufdon until i'v
'
" (wr
cent |M)r annum, of i((97,00() of ili<<
lice
H I>«r cent first preferred cou|ion \tniui
the
consolidated iiiortgHgo « per wnt «.
,«n
bonds, of tho.Southside Railroid, inaiur
Tho«e holders who do not wish to extend their
boiuik wiU be
paid in cash.
'
^
Northerii
llie largest
PMlllc.-The
Phifafhlphin
sale of land ever m.-vle l)v th«<
I'rgMi reporU;
Northern VaoitU;
was consummated yesterday |0(a. UJill br tb»
unanimous action of the ho.ir(l of dire<-torB of the Northern
I acidc R R. in New York. The tracts sold
comprise a number
of townships in Northweetem Minnesota, amounting
in all to
about 113,000 acres, more or les*. The amount realized by
company is not exactly known, as it will depend on the
the
grading of the timber lands; but the Land Commiwiion estimates that at lo-iat *7 per acre will be netted by the company,
or a total sum of more than |700,000. The purchase monev^ is
part m cash, and the balance, say $.'500,000, in preferred stock.
This will retire from circulation forever over ,'i,000 shares
of
tliat stock.
The purchasers are a number of capitalists headed
by Charles Watrous, of New York."
Ohio Central (River DiTlslon).— A press dispatch from
Charleston. West Va., Oct. 22, said "The River Division
of
the Ohio Central Railroad, extending from Coming, Ohio,
to
Charleston, was sold to Erwin Davn. Albert G^lltip and Ed.
C. Hohmans, trustees for the bondholders, for flOOO.OOO.
Land
belonging to the company, 10,600 acres, was purchased for
to issue receiver's certificates in payment therefor. He fded $8,000. The bridge across the Ohio River was sold at Parkersa petition, in which he stated that the roa i was in very bad burg on Oct. 15, under a decree of the United States Circuit
condition, and needed imme<iiate attention. Jle had already, Court, to pay liens for construction. The price of the bridge
by permission of Court, bought 3,000 tons of rails, but they was 1200,000, One million dollars in stock and «1,000,000 in
only went a short way toward putting the road in good con- bonds on the bridge were sold for $.5,000, but this stock and
dition.
The road was 377 miles long, and 143 miles of it had bonds merely represent the balance remaining after paying
been rehiid with steel rails. From 0,000 to 12,000 tons would liens in the Parkcrslnirg suit, that surjilus being $5,000. The
be necessary to re-lay the remainder of the line, but with li.OOO latter purchase was made by Erwin Davis and John W. Simptons he could lay forty-five miles, and stdl leave some for son, who are a committee for the bondholders. The completion of the bridge will be rapidly pushed forward. Work on
repairs.
the Ohio
"
Maryland State Bonds.—The Baltimore Sun says
A April 1. Central Road above the city will be continued after
correspondent from Georgetown, D. C, writes to know when
Oregon & California.-The terms of exchange of Oregon
the bonds of the State of Maryland, now due, will be paid.
In reply, it is stated that a small amount of 6 per cent bonds & California securities for those of Central Pacific have heretobecame due on the Ist of October last, for the payment of fore been noticed in the Chronicle. The terms of agreement
which no provision had been made by the Legislature. The have been reported more fully in the London papers, though
money is m the State Treasury, and "it is expected that the in the absence of official document* it not known whether all
bonds will he paid as soon as the Legislature, which is to meet the details are correct. It is stated that the agreement " was
made July 31, and by it the 451 miles of road, with its appurtin January next, takes action in the matter."
enances
e<|uipments, rights, franchises and land grant,
Memphis Selnia & Brnnswick.— A press dispatch from are to be and
transferred on or before July 1, 1886. The terms of
Richmond, Va., Oct. 20, said: The Memphis Selma & Bruns- the sale are
as follows
For the $9,000,000 or thereabouts of
wick Railroad has just been purchased by a syndicate headed first mortgage
by James B. Pace, of this city, and Dunavant, Kelly & Piper, $30,000 fier mile,bonds now outstanding, issued at the rate of
the Central Pacific will issue Iwnds at the
of Memphis, and will be reorganized on tlie 10th of November. rate
of $;J0,000
The road is now operated forty-five miles from Memphis to in forty years, per mile to the amount of $10,500,000, payable
bearing interest at the rate of 3 per cent for the
Holly Sprinjjs, Mif s. The new syndicate will proceed to extend first two
years and 5 per cent thereafter. It is likely that the
the road six miles from Holly vSprings to a point on the Mobile Oregon
will transfer the property to a new com& Ohio road. In the course of a year the road will be extended pany to &beCalifornia
organized for the purpose, and that the Central
to Birmingham, Ala., throngh tiie great coal and iron section,
Pacific will guarantee the bonds of this new^ company howwhere Mr. Pace and other Richmond capitalists have invested ever, the bonds
may be secured by a mortgage on the propa good deal of money,"
erty.
The difference between $9,000,000, the jiresent indebtedMobile it, Ohio, The gross and net earnings for September ness, and $10,.500,000, the amount of the proposed new bonds,
and from July 1 to Sept. 30 have been
is accounted for in this way:
The present bondholders have
September.
received no interest for a year, and will receive none on the
July 1 lo Sept. 30.
1885.
1884.
188'.
1884.
1st of January next.
One year and a half at 6 per cent is 9
Gross earningH
$159,790 f «>0,669
$394.79.5
$433,590
per cent loss. Then they will receive only 3 per cent for the
Operating eniensM
119,160
128,891
350,998
373,27.5
first two years; another loss of 4 per cent.
So the extra issue
Netcarnlnirs
$10,630
$31,778
$43,797
$55,324 of $1,500,000 will a little more than cover past and prospective
Vevf York Chicago & St. Lonls.— Mr, Thomas Denny, losses. The stock of the Oregon & California is $19,000,000—
chairman of the Nickel Plate bondholders' committee, is re- $13,000,000 preferred and $7,000,000 common. This will be
porte<l as saying " It has been published that the Nickel Plate taken up by the issue of $8,000,000 Central Pacific stock, viz.:
road is net earning expenses, and that Mr. VandeVbilt holds one share of Central Pacific stock for two shares of Oregon &
receiver's certilicates on the road. The fact is. that the re- California preferred, and one share of Central Pacific stock for
ceiver's new statements show that the receipts of the road are four sliares of Oregon & California common.
The Central
decidedly ahead of its expenses, and for the year ending June Pacific agrees to complete the connecting link between Ash30 showed net earnings of $940,000. There is not a receiver's land and Delta within three years of the date of the transfer,
certificate issued, nor a receiver's certificate applied for.
The so as to form a through line between Portland and San Francounsel for the receiver tells the bondholders' counsel that the cisco. The contract was ratified by the sto<!kholders at a meetreceiver has no idea of applying for any such certificates."
ing in Portland, September 30, and of course it is ratified by
New York Pennsylvania & Ohio.—The New York Times the bondholders, for they made it."
Pacific Mail.— The regular quarterly dividend of IV^per
reports
"A decision by Judge McKenna in the United States
Circuit Court at Pittsburg, Penn., disposes of the existing cent has been declared, after the paj ment of which the comlitigation of James McHenry against the New York Lake Erie pany will, it is said, carry over a surplus of $700,000.
The
& Western Railway and its leased line, the New York Penn- quarter's statement is annexed:
sylvania & Ohio Railroad." » » » • «
1885.
1881
$1,232,487
$1,23-1.147
'Two suits continue, but the complaint is the same, and Gross oarnUigs
Expenses
SiSAiS'
82.5,070
Judge McKenna's ruling covers the question. Under the trust
the control of all the capital stock was vested in the voting
Net
$104,033
$413,077
$832,S»G
Trustees, who are elected annually by the bondholders. The Cash oil hand Oct. 20. 1885
EsUiimtcd
canh
Nov.
909,486
1,
1885
purpose of Mr. McHenry's suit was to compel the company to
issue new stock certificates to holders of the stock of the old
Pennsylvania Slatington & New England.—Mr. William
Atlantic & Great Western Company, which was the predeces- V. McCracken has been appointed receiver to take charge of
sor of the New York Pennsylvania & Ohio."
the property in New York of the Pennsylvania Sl.atington &
New York Snsqnchunna & Western.—The statement of New Knjiland Riiilroad Company, The appointment is ancilgross and net earnings of the N. Y, Susq, & West. RR, for lary to the recent ap|X)intment of a receiver for the road by
Judge Nixon of New Jersey,
September is a-s follows
1884.
Ohanffff
Philadelphia & Reading.- Central of New Jersey.
riroBB #arrilii)!8
$10.'i,354
$9.m37
$9.5.417
Inc.
Reports from Philadelphia, October 16, said: "Master
OiK>nitlii({ cxpi'usts
53.36.5
.51.719
Iiic.
1,645
George M, Dallas heard testimony to-day in the suit inRailroad
:
"
:
:
;
—
:
,
'
.
—
:
:
:
NetearnlDKS
$51,988
$43,697
Ino.$3,'.iUl
stigated to break the lease of the
New
'Jersey Central to
THE CHRONICLE.
474
Waterman, an
the Reading Railroad Company. Mr. George O.
accountant of the New Jersey Central, in answer to questions
were on
by Mr George M. Robeson, said that all the assets that
collected,
the Jersey Central's books on June 1, 1884, had been
know,
except $88,000, and some of that, how much he did not
had been collected by the Reading. Mr. H. S. Little, President
He testiof the Jersey Central, was examined by Mr. Robeson.
floating debt
fied that at the time the lease was executed the
company
of the Jersey Central Company was ,f 2,062,000. The
then possessed $5,000,000 of assets, and $3,000,000 worth of
At
bonds was handfd over by the Reading Company.
would not, if sold at the
securities
present these
market prices, extinguish the floating debt. All the
with
receipts of the Jersey Central are paid to the Reading,
the exception of $18,000 a year allowed for maintenance of
organization. "I was instrumental," heremarked, "in placing
the floating debt, and at the solicitation of the Reading Company got it out of what they called unfriendly hands, the
Adams Express Company, for instance." He then explained
that the bonds which the Reading Company asked him to issue
were New Jersey Central bonds. They were to be issued
$600,000 at one time and $350,000 at a subsequent date. Afterward the Reading asked for $1,400,000 more for betterments.
The witness further explained that Mr. F. B. Gowen was present
at a meeting of the Jersey Central board and stated tliat the
Reading Company would not ask for the bonds unless the
Jersey Central was given assurances that the December dividend was to be paid. Satisfactory assurances, however, were
not given, and the dividend was still in default. He also said
that the Jersey Central's floating debt had been reduced .$400,000 since the execution of the lease. He delivered the $600,000
worth of debenture bonds to Mr. Gowen because he supposed
the floating debt had been reduced that much. Subsequently
he learned that the debt had been reduced only $400,000.
St, Jolinsbury & Lake Champlain.—The coupons of the 5
per cent bonds due in October were not paid, and the Boston &
Lowell, which works the road as its Vermont Division,
explains as follow: " The Boston & Lowell road is operating
the St. Johnsbury & Lake Champlain road as its Vermont
Division. The stockholders of the Boston & Lowell Company
have never agreed to pay the interest on the bonds of the St.
Johnsbury road, and the bonds of the latter road are not
guaranteed by the Boston & Lowell company. The Lowell
road has, however, operated the St. Johnsbury road in a man-
[Vol. XLI.
%hc ^ommzxcml Sxmcs.
COMMERCIAL EPITOME.
Friday Night,
Oct. 23, 1885.
a moderate degree of activity in commercial circles,
and values of manufactures are, as a rule, well maintained.
Declines may be noted, however, in very many staples of agriculture, but these are in nearly all cases merely reactions
against
recent speculative advances, which had the effect
A notable event is a slight further adof checking exports.
vance in the price of steel rails. Another is the suspension of
operations by the glass works of the E istern and Middle States,
The weather has been quite wintry
in resistance to a strike.
in some sections, with a fall of snow, but doing no serious
There
is
'
injury.
Lard futures were doing better early in the week, but a
heavy realizing movement caused a sharp decline. There is
however, a steadier feeling at the close and the latest bids are
at 6'17c. for November, 6'20c. for December, 6'26c. for January and 6'33c. for February. Spot lard clones at 6'10@6'15c.
for prime city and 6"20@6'25c. for prime Western. Refined
for the Continent is quoted at 6'50c. Pork has been steady,
closing at $9 50(a$10 for mess and $12@ $12 50 for clear. Cut
meats have been fairly active, but at drooping figures; pickled
hams S%@Q}4o., pickled bellies 5is@6%c.and shoulders 4J^@
Smoked' meats are quoted at 53^c. for shoulders and
45^0.
Beef unchanged. Beef hams $15 25@$15 50
10c. for hams.
Butter is firmer at
per bbl. Tallow firmer at 5 l-16@5i^c.
Cheese steady at 7>^@ 10;'i£c. for
18@28c. for creamery.
State factory. The number of swine slaughtered at the principal Western towns from March 8 to October 7 amounted to
4,175,000, against 3,695,000 in the corresponding period last
The following is a comparative summary of aggregate exports from October 27 to October 15
season.
ner to make it about self-supporting, and is now meeting and
paying the interest on $600,000 of its 6s. The 58 are, with the
exception of $41,000, the property of the Boston & Lowell,
and are safely laid away in the Treasurer's safe. It is undoubtedly the intention of the company to pay the coupons on this
$41,000, amounting to $1,025, but owing to some legal diflicultj', the counsel for the road has instructed the Treasurer
not to make the payments until further notice. The Boston
& Lowell, however, has never guaranteed these bonds, and
cannot legally be held to meet the interest on them, which
they will probably do at an early date."
St. Louis Hannibal & Keokuk. At St. Louis, Oct. 20, an
order for the sale of the St. Louis Hannibal & Keokuk Railroad was made in the United States Court. The sale will
take place in St. Louis on the 8th of December. The upset
1884-85.
Pork
Bacon
Lard
lbs
lbs.
lbs.
51,202,400
425,654,813
284,116,789
1883-84.
36,027,400
329,631.851
213,237,812
Inc. 15,175,000
Inc. 96,022,962
Inc. 70,878,977
Rio coffee on the spot has been more active and generally
steady at 8J^c. for fair cargoes. Options were active and
buoyant early in the week, but latterly have been depressed
closing to-day at 7@7-05c. for November, 7-05@7-10c. for
January and 7'15@7'20c. for March, Mild grades have had a
very fair sale at steady prices. Raw sugars have been only
—
moderately active at 5J^@5 9-16c. for fair to good refining.
There was a good business yesterday, but to-day nothing of
importance was done.
Refined sugars are cheaper at ^%@ 7c.
price is placed at $370,000 of which $35,000 is to be paid in cash. for hards. Molasses has been more active, but at easier figures
St. Louis & San Francisco. The St. Louis & San Fran- Teas meet with a fair demand.
cisco Railroad Company has just completed negotiations with
Kentucky tobacco has been quiet but firm at 6%@\\c,, the
a syndicate for the sale of $1,939,000 of its general mortgage
bonds, being the balance of the total issue of $7,739,000. sales being limited to 150 hhds., mainly for export. Seed leaf
These bonds are a first mortgage on the St. Louis extension, continues in demand, and sales for the week are 1,715 cases,
on the terminals, and also on the Fayetteville extension.
as follows: 250 cases 1881 crop, Pennsylvania, 7@llc.; 300'
Toledo Cincinnati & St. Lonis.— The receiver has served cases 1883 crop, Pennsylvania, 6@113^c.: 240 cases 1884 crop,,
upon the creditors' committee notice of his intention to ask the
courts for permission to issue receiver's certificates in the sum Pennsylvania, 83^@ He; 200 cases 1884 crop, Pennsylvania
of $550,000 on the Toledo Division of the road, and $150,000 Havana seed, 9@15c. 200 cases 1884 crop. New England
on the St. Louis Division, for the purpose of purchasing 110 Havana seed, 13}^@25c. 150 cases 1881 crop, State Havana
miles of 60-pound steel rails, and of constructing four bridges,
seed, 10@15c.; 125 cases 1881 crop, Dutch, ll@13J^c., and 150
with stone culverts, ties and other necessary appointments.
Tonawanda Valley & Cuba.—Receiver Bird W. Spencer cases 1884 crop, Wisconsin Havana, 18@30o. also 300 bales
was authorized by the Court, Oct. 19, to issue certificates to Havana, 60c.@$l 10, and 200 bales Sumatra, $1 35@$1 60.
pay $8,400 due to employes and $12,000 needed to repair the
The speculation in crude petroleum certificates has at times
road-bed. The trust companies, in behalf of the bondholders, been quite excited, and on Wednesday there was an advance
appealed from this decision, and were granted an order staying
to f i; 121^, favored by the statistical position and a heavy
the issue of the certificates on filing a bond for $20,000.
Union Pacific.— Land sales in September and since Jan. 1 buying to cover contracts, a part of this improvement is
since lost, and the close this afternoon is at $1 09@$1 09}.^;
have been:
-1885.
1884.
crude in bbls. quoted at 7J^@7J^c. refined in bbls. SJ^c, and
September.
Acres.
Proceeds.
Acres.
Proceeds.
Union Division
21,422
$46,700
1,224,458
$972,350 in cases 9 Jg® 10?..iC. naptha 7i.^c. The speculation in spirits
Kansas Division.
26,780
12^,611
31,839
150,960 turpentine has been dull throughout the week, and the close
Total
48,203
$169,312
1,256,299
$1,123,310 is easier at 36^0. on the spot, with 36J^(a36J^c. bid for the
Nine months—
-1835.1884.
winter deliveries.
Rosin has been firmer, but quiet at
Jan. 1 to Sept. 30.
Aeres.
Proceeds.
Acres.
Union Division
559,014
$1,002,111
4,069,996
$1 03}^@1 15 for common to good strained.
Kansas Division.
492,830
1,970,116
268,381
Pig iron certificates have improved and close steady at
Total
1,051,844
$2,972,227
4,338,377
$7,508,426
$15 75@$17. Tin moderately active and barely steady at 30Ji
Decrease in 1885,
for the 9 raontbs 3,286,533
$4,536,198
Five tons December
@20-40c. 'spot, 19'90@20-10c. futures.
Virginia Coupon Cases, -The United States Supreme Court sold at 20'10c. Tin plate steady at $4 47i^@4 52"^.
Copper
has rendered no decisions as yet in the coupon cases, but all firmer at 103^@llc.; Lake, 9'90@10-10c. Baltimore.
Lead
of them have been advanced, and five will be heard on the steady at 4@4-15c. for domestic, Spelter firm at 4'85@
16th of November. The petition of R. B. Chafiin (Chaffin vs. 4-60c. for domestic.
Taylor) for summary process to compel obedience to the judgThe decline in grain has led to more active shipments and
ment of the Court rendered last year, was denied without some improvement in rates to British ports.
Petroleum
inquiry as to its merits, for the reason that it will be decided charters have continued active. Cotton is now going forin another oase.
ward freely from this and Southern ports.
—
;
;
;
.
,
;
;
.
.
.
OCTOBBR
THE CHRONICLE.
24. 1885.]
COTTON.
Friray. P, M., October 28, 1888,
The MovRBiraNT of the Chop, as indicated by our teleKraraa
from the South to-ni(j;ht, is (?iven below. For the week ending
this evening (Oct. a;t), the total receipts have reached 281,704
l»Ie8, againflt 331,401 bales lutit week, 193,107 bales the previoua
week and 159, (i(!;! bales three weeks since; m^ins the total
receipts since the Ist of September, 1885, 1 20,4tK) balea, affinal
,
bales for the
decrease since September
l,158,8t')0
1
same period
of 188-i, showinfc
1885, of 87,930 balea.
1,
1& addition to above exports, our telegrams to-night also giva
as the following amount* of cotton on shiplxMrd, not cleared
at the ports name<l.
add Bimilar figures for New York,
which are pr(>par*<d for our special use by MeMis. Cany, Yato
W«
ft
Lambert, 8U Briiad Street.
^saitnj
AT-
Oct. 88,
Oreat
BrUain. JVaiM*.
•
New Orleans
Stceipttal—
iron.
Sat.
Wtd.
T>u*.
JH.
Tkuri.
Total.
Galveeton
8,492 12,433 8,530 4,812 7.186 4,179
Ac.
....
• ••.
.»•
....
....
....
New Orleans... 13.001 9,692 18,621 13,149 12,619 8,655
Mobile
1,79.^
2,059 3,165
462 1,510 1,499
Florida
....
....
....
....
1,456
....
Barannah
9.525 9,843 6,273 7,282 7,102 6,709
Brunsw'k, Ao.
...
«...
....
715
....
...
5,519 8,131
Charleston
4,087 6,195 3,452 6,905
....
....
....
174
Ft. Royal, 4o.
.-•>
....
1,718
WUnilngtou
1,939
1,003
1,355
1,560 1,542
Iforeh'd C.,4o
....
....
326
....
....
....
2.252 7,154 3,331
Norfolk
4,113
3.937 &,915
West Polnt.Ao
13.439
46,631
Indlaiiu'iH,
New York
37
Baltimore
FUladelp'a, &o.
200
lOO
191
3
30
18
....
281
715
33,289
474
9,117
326
23,707
13.439
231
111
900
....
106
318
106
683
33
Totals this week 42,620 51,454 45,697 37,769 37,424 46.740 261,701
For comparison, we give the f oUowinR table showing the week's
and the stock to-nighi
for the corresponding periods of last yeai
total receipts, the total since Sept. 1, 1885,
and the same items
1885.
Receipt* to
This
Week.
Oct. 23.
Qalveston
.
45,631
.
Ind'nola,&o
New Orleans.
Mobile
Florida
Savannah
1884.
Since Sep.
1, 1885.
7.'i,637
10.490
1,456
45,734
ThU
Week.
210.878
781
244,982
38,759
8,316
253.600
3,933
161,411
35,626
81,074
10,592
2,307
50,013
715
Charleston...
33,289
Pt.Royal,<JM!
474
Wllndiigton..
9,117
1,745
37,959
M'headC.Ac
326
935
546
Norfolk
W.Polnt,4o.
New York...
Boston
Baltimore ...
23.707
13,439
96,923
56,168
900
1,018
34,050
19,643
535
PhUadera,4c
Total
1885.
638
1884.
80,187
173,501
6,233
243,562
45,253
10,351
257,930
573
Br'8w'k,<to.
atooK.
Since Sep.
1, 1884.
53.500
......
123,053
14,294
2
90,347
40,312
4,162
186,284
67,368
72
500
184
6,704
35,996
1,514
115.598
56,708
16,835
147,631
7.152
82,459
...•••
21,422
189
96,622
873
85,934
72
27,636
44,352
5,250
6,310
10,311
7,599
62,968
6.310
18.630
5,593
261,704 1,120.430 285,112'l,lo8,3H0
534,773
542,237
494
832
106
683
1,953
13,973
126
148
1.676
639
In order that comparison may be made with other years,
give below the totals at leading ports for six seasons.
at—
1883.
1882.
1881.
1880.
All others....
33,763
9,443
37,146
3,860
17,780
51.306
9,762
35.551
35,601
7.492
40,103
12,992
23,760
64,726
10,505
41,877
38,112
10.430
43,759
12,661
Tot this w'k.
261,704
285,112
252.845
241,738
210,5«7
254,830
Orleans.
Mobile
Savannah....
Uharl'sfn,
io
WUm'jtt'n.Ao
Norfolk, *o..
45,631
75,637
10,490
4.'),73l
1. lli0,430 11.^8.360ll223.986 1167,043 1198,761 1390,296
Galveston includes [ndlauola Charleston Includes Port Boyal, Ac..
WilmlntctoulnoludesMorehead City, Ac: Norfolk includes WestPoiut.Ao;
BiMoe Sept.
;
The exports for the week ending this evening reach a total
of 153.029 bales, of which 90,339 were to Great Britain, 15,676
to France and 47,011 to the rest of the Continent, while the
ttocks as made up this evening are now 534,773 bales. Below
are the exports for the week and since September 1, 1885.
Week Bndina Oct.
BxporUA to—
Exp<trts
areata
BnVn.\'<'<"*"
from—
83.
From
Sept.
1,
(}reat
Brltain. fiance
OalTSiton
10,0771
4.147
17,818
31.311
1.117
N*w
17.120|
0.721
10,113
57,351
22.101
»(,12«
13,9«3
S.OOO
19.253
18.881
88.0.H9
Orleans.
27.434
14,628
2d,»9B
Hew York
Other porta
Total 1885.
Contlnent.
15,930
30,111
Total
31.111
110.166
Mobile
uplands close at 9
,
Ssrannsh
10.474
ChsrlMton*...
WIlminKton...
Norfolk*
13.11tj
Nsw York
.
PhUa(lelp'a,Ao
!.115
S.OOOi
I3,903i
lli.181
Boston
Baltknore...
!.ie5
8,438
i,3aa
IN.OIS
12,395
24,010
76.190
3.671
3,951
11,701
1.303
1,305
13.736
3.891
2.881
7.*?7
17.011 153,C«9
301.111
11,588
15,303
26,388
i,aoo
5,390
28.671
S»7
66,989
16,593
29.360
112,312
11.998
13,738
90,33»
M
Tot»Il884_.
Total
83.813:
15.«7«
200
18.118
^k
'teolDd
teolDdsa export* (rom Port
Hll tbolnd
t taolndea
'
exports from
5«.70« I66.6OT
Hoiral, ^ko.
West
Point,i&O
361.349
15.185
7,177
23.801
69,890
16,358
180,424
354,349
47,875
74,012
16,097
16.186
le7,164
103,711
856,088
639,475
1.200
4,200
6.050
3,587
6,U2
"531.399
89,273
82.830
13-16c.
—
—
—
in transit. Of the above,
bales
and
The following are the official quotations for
for speculation
were to arrive.
each day of the past week.
Oct.
Oct.
17
NEW ORLEANS.
UPLANDS.
to
23
Sat.
Ordtn'y.yB)
StrlotOrd..
Good Ord..
7i«
7i»u
8%
9H
non Tnea
7ia
7'6,6
8\
9ht
7»s
716,8
7lli«
i'sl
Hifl
816,6
96,8
9»8
9T«
101„
101,6
8tr.G'dMid!l05,«
106,,,
105m 10>s
.
91,
9>1,«
913,, 10
9tlie
913,B
9ifl
lOH
Mldd'Kt'airilOiiKi 10n,e 1011,6 lO's
Pair
1116,6 llSin 116,8 imi
Wed
Ordln'y.St.
Strict Or5..
Good Ord..
Str.G'dOrd
Low Mldd'g
Str.L'wMld
Middling...
Good AUd..
8tr "^J-dMld
Mldd'g Fail
fair
Tb.
10
1
^
UlddUn«...
711,6
8i«
81»,8
96,8
»»R
9'fl
816,6
96,8
9»s
»'«
9»R
»'«
im
815,6
96,8
9»8
9's
10
10 14
10
10
lok
lOH
lOi.
lO's
11>«
lOij
lO's
11»«
10>s
Wed
7",«
8>e
8"5,^
96,8
9aR
Wa
111*
Tb.
Frt.
711,8
8i«
816,8
»»16
71I16
8i«
«i'.s
96,9
9<>a
9-'»
96fl
9',<
Wr
lOU
IOI4
I013
lO'g
ii>i
'ii>«
73,8
T'e
73,6
7»„
Si'i«
95,6
8>?ie
7'8
8>l|s
9»,i'
96,r
-
10
10
10i«
10><
lO'R
10>4
10>g
lO'e
8%
Bifl
10
10
711,6
711l«
8<6,A
96,8
:10>a
llOTg
lim
nion Tnea UTed, Tb.
Sat.
..
im
Tb. Frl.
,
.Mlddlli
816,6
96,8
»»«
»'s
10>4
10>«
lO's
711,8 '711,8
7'3
7'a
6^
7"l6 716,6 716,9' 8'e
816„> 816,.
n\
8^
8%
96,6
66,8
9%
9%
9HI
«8«
91,8
97,6
9»B
97,,
»1«
9ilie 911, «' 91!,
9's
10
9"l8' 913,8 913,, 10
10>4
101i« 101,6 101,6 10<4
10>«
106,6 (106,9 105,6 101s
lOV
1011,6 IO'IibIOiIibIO'8
H>s
ll^lfl 115,8 116,8 Ills
»lb.
non Tnea
711,
8^
8ifl
IOI4
10 19
lOlB
7>,
Gtood Ordinary
Btriot Good OmitiftTV-
711,8
10
Ill's
Wed
Frl.
STAINED.
Low
711,8
His
816,6
96,;
9»s
8ifl
91,6
Btr.L'wMia 9il,a
Middling... 913,,
Good Mid lOiie
TEXAS.
nion Tnes Sat.
Sat.
?,>
719
IV*
7'9
81 he
96ie
811,6
9»ii'
Frl,
7S,6
77*
Bill.
9»ia
MABKRT AND SALES.
The total sales and future deliveries each day during the
week are indicated in the following statement. For the convenience of the reader we also add a column which shows a
glance how the market closed on same days.
8FOT HAKKBT
CLOSED.
Bat
Mon
iiilet
.
Tues. Quiet and Arm..
Wed Quiet and Hrra..
rhuTS Easy
Easy
OP SPOT AMD TBAMSrT.
Sx-
0cm-
1
I
,
.;
,i
.
totaL
.1
|
357
267
61,000'
l.OdO
1,060
10,'.,300,
177
578
914
340
177
578
.'3.3261
daily delivertes given above are aotoaUy
previous to that on which they are reported.
The
DtUm,
8pee-\Tran-\ _, ,
•"««»^
tU.
»Hmp!Hffn|
port.
and steady
'irm
.
BiLLBS
168,770 "506,869
~111.S1B
II, 386
total sales for
bales.
Frl.
Total
«8.84»
10,7«i
47.861
66,747
36,668
None.
Mod*.
84.304
3,500
19,500
33,600
43,624
10,146
7,350
8,600
I,:i7i
None.
forward delivery for the week are 499,500
For immediate delivery the total sales foot up this week
for export, 3,820 for consumption,
3,326 bales, including
The
riorlda
'
ToktL
The speculation in cotton for future delivery at this market
has been fairly active at variable prices.
There was an
advance on Saturday and the morning hours of Monday,
when the, highest figures were 7(3 13 points above the cloje of
The advance was due wholly to speculative
Friday last.
manipulation and some "outside" buying, encouraged by the
resumption of work bv the Oldham spinners. A decline then
set in, which, with slight fluctuations, continued down to near
the close of Thursday's business. This was due to the warlike aspect
of the news from Eastern Europe, the dul
accounts from Manchester and the increased movement of
the crop. Reports of heavy rains in some sections and of a
killing frost at Nashville caused slight reactions, but they
To-day the opening was ag^in
proved quite temporary.
lower, under the foreign advices, but a demand to cover con
tracts caused a full recovery, and the close was not without indications of the revival of speculative confidence. Cotton on the
spot has been in rather better demand for home consumption,
but still inactive. Quotations are without change and middling
188S, to Oct. 23. 1885.
Exported to—
Coim-\ Tbtol
nent. Week.
77.742
109,659
72,616
Galveston
LowMidd'g
31,853
58,551
15,829
44,302
25,U12
5,122
51.760
9,289
1885.
None.
2,330
2.000
Savannah
Str.G'dOrd
30,229
31,984
10,723
42,838
23,509
6,668
47,179
4,715
New
1884.
we
36.139
81,074
10,592
50,013
40,384
7,250
53,593
6,007
Seeeiptu
Galvest'n.&c
None.
100
None.
4,600
6,100
32,213
6,609
5,000
6,000
OoOMt.
Witt.
20.128
None.
10,800
19,600
3..500
Total 1881
Total 1883
Othtr
18,486
None.
3,000
4,700
1,149
14,220
Mohllo
Charleston
.Sorfolk
75.637
10,490
1,456
45,734
475
93.300'
71,000i
911, 79.700
340
200
89.200
3,32e'499,800l
delivered
the
200
day
THE CHRONICLE.
476
followThb Sales ahd Prices of Futures are shown by the
will be f mind the
ing comprehensive table. In the statement
d^y mi-ket, the prices of sales for each month each day, and
the cloeinK bids, in addition to the daily and total
sales.
those for Great Britain and the afloat, are this week's rettimp,
and consequently all the European figures are brought down
But to make the totals the complete
to Thursday evening.
flgures for to-night (Oct. 23), we add the item of exports from
the United Stat^. including in it the exports of Friday only.
[to
.^i
W
«•
;
.
•
„:
>1.
2.
~
«
I
J
Jl.
'5:1
<
=?
SOCT
C<iac2.
to
>i.^
513,000
2.600
35,300
32.000
523.200
3,500
29,500
2,000
104,000
3,000
36,000
9,000
8,000
534,000
4,000
39,000
36,000
800
1,700
155,000
6,000
23,000
9,000
8,000
225,900
232,500
231,500
196,700
597,900
40,000
Amer'n cott'n afloat for Eur'pe 333,000
16,000
Egypt,Brazll,&c.,aat for E'r'pe
Stock In United States ports .. 534,773
Stock In U. 8. interior towns.. 132.266
42,144
United States exports to-day.
816,500
60,000
298,000
23,000
542.237
112,119
22,CO0
744,500
105.000
282,000
39,000
723,186
195,723
27.000
719,900
12S,000
316,000
I
CO*
S
-I
(Kg
to
«=:
CO
-Co®
0:00
CO
<cco
5
doi
2
I
»*:
^
^
2
ceo
I
CDCOo®
CDCC^
o*-co
^
coa
d»
I
CO
CSBo'?
coco
OlOJ
2
2
-1-1
^^
•
»«>:
CO
W
coco
I
aai 2
coco^^
1
I
SI
s
c;»
I
CP
cocooco
'
ai<=0!
5
obciDO'..J
t:>CO
aos
2
."*
COCOqCI
5
dA 2
coco
I
«>::
I
O
t:-CO
o <i
O
CO
tCfO
-i<i
2
•«1
5
I
Ci
to-©
CCGO
2
CD
OSf--
2
toco
coco
«*^:
CJ'OS
00
CO
mio
1
2
MobC'oc'
(«0 00
2
^
COCO
5
OCX
2
9- 5
CC«5
g
COCO
tocn
London stock
I
;'^..
o® PP<
oo
6d
"
©ren
CD-^
to
9
oo 5^
00
oo 2 do
o6
OOm^2 XOSh^
5
2
aco
CD
CD
O^
If*
2
e»:
COcO oooo oooo
cAco 6d°6
OD.X
en
00 5 00 5 OO 5
H*10
1
*^
a«-:
coco
1
"^
oyi
CJt
a
M-
-"
I
©
"
M»o
CSC
2
Bic»:
M Mcof-*
CO 00
122.000
22,000
88.900
40,000
16,000
218.000
64.000
60.000
23,000
217,000
43,000
103,500
105,000
39,000
288,000
526.500
507,500
622,900
1,407,183 1,347,3.^6 1,608,909
,215,618
161, "lOO
287,000
75 200
118,700
128,000
14,000
MM
COilk
I
CO 5 9?
tCKJ
2 C0K3
toco
I
H
COD
i
a
*•
N
COK)
OCn
1
M"C;,M
—
Interior
week and
H ^3 KtBC-r'jRjai H
o o ©1 zio » p a o
_ »1 ^
-
5
9
OSE'r5p0t>-QBO<20'T!Di523?aiSQ'»-
•
CJj
>
'^
»to:
M Myi"^
o OOoO OOoO ©Oo? COoO oo
OOoO
o
-lo- MWO- tC lOOto toroOio eoc.
COCoOto
CCOD
C£
too ^
MM
M—
>.
I"
00 5 oo
99
5
99
<
a
toto
co:o
» *•" 2 |4>CJ ^1
OOO
t M'*
00 2< ccco
toos»m:
&:•;
week have been
—
a-:
00
into Continental ports this
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
period of 1884 is set out in detail in the following statement.
At the
for the
O
o ox a
Mr- >
»Cd:
&o
The above figures indicate a decrease in the cotton in sight
to-night of 177,773 bales as compared with the same date of
1884, a decrease of 430,326 bales as compared with the corresponding date of 1883 and a decrease of 142,435 bides as
compared with 1883.
5^
OOo^ ooSo oooo OOoO OOoO ooSo
>:.t:o>i
c6o5
C5C»d
totoOto tOH-OM
*jir
CO ^c;
00
too
oto
M—
27,000
9,000 bales.
I
i-»f-co'-'
aco
519.306
117,912
23,400
7;!3,186
;95,7;i3
,407,183 1,347,356 1,608,909 1,215.618
.......... ......
fgf The imports
COotti
CD
CDOoO
a
542,2^7
112.119
22,000
1,696,083 1,873.856 2,116,409 1,833,518
Total visible supply
57, „d.
6%d.
6d.
ti^ed
PrioeMld.Uiil., Liverpool....
9i:'iac.
10»60.
9^o.
lOHigc'
PrioeMid.Upl.. New York....
>
2
o:cdm^
Ceo
coo ^ CO
oo
CIO
CO
Total East India,
Total American
'.D
CiJ
!J
534,773
132,266
42,144
Total American
£a»t Indian, Brazil, tie.—
coo®
M^O-4
1
00
1,696,083 1,873,856 2,116,409 1,833,518
United States stock
Jutted States interior stocks..
Tnlted States exports to-day.
tf>>r-l
CD ro
r©oo:
co«oo'-o
;oOso
2
14,000
519,306
117,912
23,400
1
Ooutlnental stocks.............
India afloat for Europe
Egypt, Brazil, Ao., afloat
op:
to
CO
to
c;
—
8>::
obtoOcb
CjuCDOqd
ttco
^
»1CT>
coco
obob
2
wo
I
6co
coco
ac
CO
tD»o9
co^
to
a CO
'
cbcTiOab
»?:
CBO
oo
6,700
1,300
1,000
111,000
2,300
27,000
9,700
4,700
1,500
5.100
96.000
7.000
35,000
7,000
10.000
Of the above, the totals of Amerlean and other descriptions are as followsAmerican—
bales 228,000
Uverpool stock...
252,000
253,000
161,000
137,000
121,000
128,000
78,000
298,000
Imerican afloat for Europe. .. 333,000
282,000
316,000
CO
*j<lO-g
OD<I
tOOr-
2
^*1
CD
COCOq® tOKgcO
-q • j
I
C0C0o9
tl'-Oi
....
Tot-1 visible supply
^a
COCOo''"
I
<-
«o:
t«b5fcO*^
»*'
-o
coco
COCOo®
toco
-J-1
2
Oi*:
obobocjb
I*
-q -j
5
I
-icbo^'i
coco
400
Total European stocks
India cotton afloat for Europe.
^
2
^
COCCo?
CO
®-.o
10 to
»*:
I
-ji
S
coco
isr:
COCOpCO
3oco
coco
so:
CO
COc®
XCD
-J6
""
COCOo?
Sa:
o
I
5
MOD
COCCoCD
CJOiCic^
toco
coco
I
Total Continental stocks
o
S_
coco
ffiO
1882.
448,000
75,200
Stock at Qenoa. ...........
Stock at Trieste
tJtC
OlO*
CJiO
CO
372,000
3,500
33,000
27,000
1883.
S.SS
e t;w2
o»
1884.
470,000
64,000
bales.
Total Great Britain atook
Stock at Hamburg
Stock at Bremen
Stock at Amsterdam
Stock at Kotterdam
Stock at Antwerp
Stock at Havre
-.
„;
;
1885.
350,000
22,000
470.000
43,000
stock at UveriKiol
ii
X-U
[Vol.
B X K- ...
V
&• O'
O
•
•
?t-'M
•
•
I
t
*
2 P
J
w
S
a> 31
:
t>',
m
to.
*i
s.ts:
«-';:
«=:
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ocSo OOoO '^*"*co*-*
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tOtoOK) tOM - CO COUOco
I
1
I
CO.*^Oco
CO US
cro
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'^
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1
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iji.
:
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JJ
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tO^
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o
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9i
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ilD'rf*.
citoiOftk,
to
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CO
Ic
Ci'cn
tj
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2
I
I
to excli. 1110 Jan.
i
•
"co O'
u<
CD
on
CD to
'
*
CO
00
cn
to
o;
CO
a re CO *- (X -^ X
to
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w
OCtOO-l^COCO^IOM: ^KlMOClCWO
tf^OO(0 0'0X05a«C0| 01;"-'CC.|-'*-'J CO
ccaoQaai»kUC£xto. ato^if-ii^c^Go
MM
M
o
£
JO
1^
o
OD
ST
cxcstooc. co:C'-0'-'*f*aoif-c;<i.oaDi>:ri^O>
«^1
^;
J"*
M
MM
mW
M
A^M
u
*k|3
OS CC_rO Of OS
** QD
to
i"*
bo
at
ffi
itcj
cj CO co'x coV OS
CCCCOScr. CCOCiXitOCOy
IO0Di»>"*-*k'X-^.O
tC 00 t3
"is-
V © w wo —
COif^O-»]Ov>->J-v)^'4COCOO'^OC»i^CSOt
I:
11 pd. too tell. 2,000 Jan. for Feb
11 pd. to exch. 200 Jan. for Feb.
•09 Pd. to exch. I.ICO Doc. lor
Jan.
1 1 pd. to .xch. l(K. May for June.
•
lo exch.
pd.
•"• "•^
'>>"• iw"
1 00 uttD.
Jan. lor
for June.
June
Fe'-.
-"
_
Supply OP Cotton to-ni ?lit, as made up by cable
«,H
f
^il^l^
4ad telegraph, w as follows. The Continental stocks, m weU
em
f(
cDM**^
5^.**
WOJtOWCO M |C^ »0 "IWOfCCIOOS
CiO rf* OiW en o O W — o'to'tw C: "cr V.
W V)
;
'
a ^
a.
-1 *• CD
CO
Cl
X
rf*.
QCi
o aj"b o'ii
coV OS
Cn c; ^
y» M
cc
io
a*
COtvOCOtOOCO
to
« oo O CD
C!"
•-•
—
•"•
to
c< -t CO 00 yi CD *•
•slOlCflCOCOOlO
CO
CO
to
*
Or-^CO-^Cn
ItI
Oi
1^ to
C3
CO
CO
X CP to f- to r'
M
CO
CD
>(^
itk tf^ I-'
-.J :.'
ti-'to
CO
CJttO*-tOtOW
_jk>CCOS_-i-W*co'^ w'iJ' 'C CO
<^
w lo CO ** o:
a
i-i
7. -o 31
O^l^i»^0Dh-C0OW.-r-^C0OC0MCCM
-vl i-t
C;»COCO
CO CO to
The following exchanges have been made during the week*
•12
1 no Fib. for Mch.
to exrh. 100 Jan. for Mch.
to exch. 200 Jan. for Juiv,
to fxch. 200 Jan. for Feb.
'',*T'?^ "^.^ 5^5"-
^-'H'
Its."**-"
cj"r- to w coV
CS C CJi <- Ci to
0)o:)Owok)4/<>
Inc ludes salei In September, 1885, for September,
130,200.
_iy' We have included In the above table, and shall continne ea/Mi
*'"'•'. 'he averaee price of futures eaih day for
month H
.3S?^!"f
•wlU be found under eachdav followinK the abbreviationeach
" ThJ
•' Aver
^vwage for each month for the week Is also given at bottom
of table
3t*°''S'''i''''' o°''''''™-''*t"'^»3't 9-80e.! Monday, 9-86o«
TuBsdaT
-^"^^^y9-75C.: Wednesday, 9-70o.; Thursday, 9-700.; Friday,
9-65c.
to exch.
«U-
^ c to CO
coo**.^o^-o
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'
pd.
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•tj6 pd.
•12 |Ml.
•12 pil.
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O*»O^C0*40tJt;*C0CS. 030»OC;»CC»r*Oi'<l
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'
This year's figures estimated.
The above totals show that the old interior stocks fcave
increased during the week 36,902 balee, and are to-night 20,147
OCTOBKR
bales
more
lut year. The receipt* at
baltw in'>n than tne
and .siiuM' S,ii)t<Mul>or 1 tlio ri'ffi(>lH at all the
biili'a innri: than for the same time in iH81,
thaii at the aatne period
the same towns
week
THE CHRONICLE.
24. 188C.]
last ye.i.r.
h;ivt»
been
mmt
4, !!')()
towns ure Ol!,?."!!
Qdotations por Middlino CorroN at trriiEit Markkts.—
In tho tiiblp below we ifive the closing qilotatiunH ot uiiddlinK
(-(>M'>ii
r II amlother principal cotton markets for eaco
day ,.i
cok.
477
Belton, Texas.— ^9 h«ve had min
ok,
the rdnfall reaching Mventr-flvuhundt.
...
The
theniioiiiuter has avuroK*^ 81| the highest boinjf HO and thn
'
<
.^
low»'nt 40.
H'ea</»er/brf/, yv.i'ff.v.—
There haa bec'ii om- killing
Wo have had
progress.
romni to 80.
?;i)od
The
rriMt tlil^
no rain
wpok.
1
tliermoineter hna aversffca 37,
raniriii;;
I
OLOSINO qUOTA.TIONR FOB MIOOLtNO OOTTOM
Week ending
Satitr.
Galveston...
New
9»i,
0>i
9'i«
9»i»
Orleans.
Moliilo
Bfivtiniiah
.
..
-Ion..
WiImm- -ton..
cIl,';.
Boston
Thuri.
9'!|S
OH
9Si«
9^6
a'lii
l'-*m
9>i
98,«
Oi«
9''n
9-4
1>»1«
91^18
9V
10>9
9>1«
M<MllJ>hi8 ....
»'«
9»«
I^mla
Clnrlnuatl...
0>4
9^1
U>«
8t.
9».(,
9lie
91 18
9»8
iQie
9>i«
9!>1«
9',()
9'4
9>4
10 Ig
1)38
10
10
99„a»8
9'i«
10>«
10>e
W'lO
U'e
93i.
90h
9h«
9»i«
OH
9\
Southern consumption; they are simply a statement of the
weekly movement from the plantations of that part of the crop
which finally reaches the market through the outports.
RKCE1PT8 FBOH PLAMTATIORS.
SecetfU at the Port*. Sfkat Interior Tbumt. IUe*pt»from Plant*n*
Btidint—
18l«3.
I
"
8.,
"
0.,
"
'•
1885.
1883.
1884.
7S,1T9
24,317
I
ISSS.
1883.
I
1884.
31,97»'lIS,0fl9l 84.Hli7
I
188S.
«4,3!!3
185,('32 llS,4fl3 114,S78 105,778[ 3e,155| 68,542 155.6311 130,801 l.Si!,.'Hl
185,481 168.721 15U,B«3 137,538 4ll.41)7| 71,S.t2 1»7.1!l»| 183,0113 1 79,003
828.867 205.313 IU2,107 l»4,»15 88,108 8W.785 2S6.2:8'223,«2I 2!0.010
2J7,27rt 242,2f« 231,l»l 202.t»7o| 02,6M 119,132 295.331 :20«.f35 irto.KW
S63,W.5'2-6.1I2 2»I.704'2.W.OS«'l2fl.511 161.182'2S6,SH! l,lJl.!«M,l.tl(i:i.7t:J
85.
Oct.
I8S4.
98,819| »0,73T, ftl,713
la.
at
The above statement shows
—
1.
That the total receipts irom
September 1, 1885, are 1,865,7(53 bales:
in 1884 were 1, '^70,056 bales; in 1883 were 1,411,816 balas.
2.
That, although the receipts at the outports the past week
were 961,704 bales, the actual movement from plantations was
303,754 bales, the balance going to iucrea.se tlie stocks at
the interior towns. Last year the receipts from the plantations
for the same week were 321,969 bales and for 1883 they were
236,861 bales.
Amount op Cotton in Sight Oct. 23.—In the table below
we give the receipts from plantations in another form, and add
to them the net overland movement to Oct. 1, and also the
takings by Southern spinners to the same date, so as to give
substantially the amount of cotton now in sight.
the plantations since
—
1885.
1884.
1883.
1882.
Kecelpts at the porta to Oct 2 1,120,430 1,153,360 1,223,986 1,167,043
Interior stocks on Oct. 23 Ui
exceaa of Ueptember 1
145,332 112,296 187,830 122,832
Tot. receipts from planta'tns 1,26,5,762 1,270,616 1,411,816 1,289,875
to Oct"l«^r 1
22,910
12,391
19,235
17,680
Boatbem cousunipt'u to Oct. 1
29,000
28,000
30,00o
28,000
Net overland
Total In sight October 23.... 1,317.672 1,311,017 1,461,051 1,335.355
Northern spinners' takings to
228.570
Oct'ii)er23
205,042
269.33-
218,5.55
be seen by the above that the increaae In amount in sight
to-night, as oompiired with last year. Is 6,625 bales, the decrease
as compared witli lss3 Is 143,379 bales and with 1882, 17,883 b.>le.s.
lt will
Weathek Kepokts by Teleghiaph.—Our
telegrams from
the South to-night indicate a continuance of favorable picking
weather in most sections during the week. The temperature
has been generally lower, with light frosts in some districts.
From Weatherford, Tt xas, Memphis, Tennessee, and portions
f^
of Alabama, killing frosts are reported.
(falDenton, Texas.
It has rained on one day of the week,
the rainfall reaching one inch and twenty hundredths. Tlie
thermometer has averaged 67, ranging from 49 to 81.
Indianola, Texa.i.--We have had showers on two days of
the week, the rainfall reaching twenty-one hundredths of an
inch.
Picking is progressing finely. The thermometer has
ranged from 48 to 84, averaging 68.
Palextine, 'Texan.— It has rained on one day of the week,
the rainfall reaching niuety-two hundredths of an inch. Good
progress is being made in picking. Average thermometer 63,
highest 8-J and lowest 41.
Uuntsmlle, Texas.—
have had no rain all the week and
excellent headway has been made in gathering the crop. The
thermometer has averaged 64, the highest being 84 and the
—
We
lowest
40.
—
86,
and
all
the week.
Oooil
The thermometer haa
—
New Orleaim, Lvuiniana. It has rnineil on one day of th»
week, the rainfall rt'Hching forty hundredths of an incli. The
ixed 04.
•
:
tia.
I
<./,,>./. w,./.
.-/.
^
—Telegram not received.
—Telegram not received.
— It has rained on one day
-//j/yj.
Voliiinl/iis,
of the
week, the rainfall reaching eighty-nine hundredths of an inch.
We have hail a frost during the week, but not killing froat. The
thermometer has ranged from 83 to 78, averaging ."iS,
Lei and, Mississippi. The weather has l>een pleasant
during the week with cold nights and mornings. We have
had four frosts this week with considerable ice on Thursday.
—
Average thermometer ,)!)•!, highest 84 and lowest 80.
Little Rock, Arkansas. The week has been clear and
deUghtfully pleasant, excepting Sunday, which was clotidy
—
The rainfall reached twenty-six hundredtm
Weather splendid for crop gathering, and plantare making good use of it. The thermometer has averaged
with a light
an
of
ers
rain.
inch.
the highest being 84 and the lowest 36.
Helena, Arkansas. It h.-is rained on one day. and the remainder of the week has been pleasant. The rainfall reached
The thermometer has
thirty-six hundredths of an inch.
averaged 01, ranging from 35 to 83.
Memphis, Tennensee. It has rained on two days, the rainWe have
fall reaching thixtv-seven hundredths of an inch.
had splendid weather during the week for cotton gathering,
and good progress has been made. There was light frost on
Wednesday and killing frost on Thursday, but no damage
done. The thermometer has averaged GO.
Nashville, Tennessee. We have had rain on one day of theweek, the rainfall reaching eighty-seven hundredths of aninch. Average thermometer 57, highest 78 and the lowest 83.
Mobile, Alabama. It has been showerj- on two days of the
week, the rainfall reaching twenty-five hundredths of an inch..
Picking is progrtesing finely. The killing frost of Thursday
was confined to the middle and northern sections of the .State.
The thermometer has averaged 60, the highest being 79 and
o6,
—
—
—
—
the lowest 41.
—
Montgomery, Alabama. There has been rain on one day
of the week, the rainfall reaching thirty-six hundredths of an
had light frost on the 23d. The thermometer has
inch.
We
averaged 60-1.
Selma, Alabama. It has rained constantly on one day of
the week, the rainfall reaching eighty hundredths of an inch.
We have had frost this week but not killing frost. The thermometer has ranged from 46 to 73, averaging 61.
Auburn, Alabamn.—Te\egrntn not received.
Madison, Florida. We have had no rain all the week,
the thermometer has averaged 60, the highest being 83 and the
—
—
lowest
43.
Macon, Georgia.— It has rained on one day
Columbus,
tieorgia.
of the week.
day of the
—We have had rain on one
week, the rainfall reaching one inch and one hundredth.
There has been frost, but not killing frost, during the week.
The thermometer has ranged from 42 to 73, averaging 56.
Savannah, Georgia.— It has rained very lightly on one day
and the remainder of the week has been pleasant. The rainfall rt ached two hundredths of an inch. Average thermometer
highest 80 and lowest 47.
Augusta, Georgia.— The weather has been cool and pleasant
with rain on two days of the week, the rainfall reaching
We had light frost on
eighty-nine hundredths of an inch.
The thermometer has
Thursday, the first of the season.
averaged 61, the highest being 81 and the lowest 41.
Atlanta, ©eorj/ia.— It has raintd on one day of the week,
the rainfall reaching one inch and twenty-five hundredths.
We had light frost on the twenty-second. The thermometer
has averaged 58-3, ranging from 38 to 75.
Charleston, South Carolina.-lt has rained on two days of
the week, the rainfall reaching eight hundredths of an inch.
The thermometer has ranged from 49 to 79, averaging 66.
Stateburg, South Carolina.— It rained on Tuesday night,
the rainfall reaching twenty-seven hundredths of an inch.
We had frost on Thursday, but not killing frost. The thermometer has averaged 61 -9, the highest being 77 and the
60,
lowest 42.
Wilson, North Carolina.— We have had rain on two days
of the week, the rainfall reaching sixty-five hundredths of an
inch. The thermometer has averaged 63, ranging from 42
to 77.
Lnling. Texas— It has been showery on one day of the
week. Picking is progressing finely. The thermometer has
averaged 64, ranging from 41 to 87.
Columbia, Texan. There has been no rain all the week,
Picking makes good progress. The thermometer haa ranged
from 13 to 84, averaging 65.
Brenham, Texas.— It has rained hard on two days of the
week, but no serious damage done. The rainfall reached one
inch and forty-eight hundredths.
Picking is progressing
finely
picking.
ivernging .111,
witli
jl//v.v/.s.v //)/>/.
B\
s\
9\
958
9»ii
V«B
9%
»%
9%
Reckipts from thb Plantations. —The following table
indicates the actual movement each week from the plantations.
The ti^cures do not include overland receipts nor
8ept.l8.,
been no rain
re has
ranged from
9>«a»i,
Lonlavllle....
Wetk
.-Ti-
!»>«
««4
93t
10
Dallas, Ter
progress is !«
till
9»„
9>9»»i«
0»»
«"l«
9i,e
m.
93U.9H
10
10
l(ii«
Amtiirttii
U>l<
9>i
9»1B
9«i
9>,a
9>«
0^
9»8a\
FUllailolpUia.
Wednet.
9^e
10
Baltiiiiiire
Tua.
9'*
9'«
.N..l:,..„
Hon.
OR-
will soon finish.
Average thermometer
lowest 43,
,
7
65, highest
^
'
The following statement we have also received bv telegraph,
showing the height of the rivers at the points named at S o clock
October 22, 1885, and October 23, 18S4.
New Orleans
Memphis
Sashvllle
Shi-eveport
Vlcksbnrg
Below high-water mark
Aliove low-water mark
Aliove low-water marlt
Above low-water-matk
Above low-waier-mark.
Oct. 23, '86.
Oet. S3, '84^
Put, Inch.
a
13
9
5
3
3
Feet.
U
Inch.
1
11
4
15
11
1
6
6
6
THE CHK0N1(]LE.
478
India C!otton
Movement from all Ports. —The
receipts
and shipments of cotton at Bombay have been as follows for
the week and year, bringing the figures down to Oct. 33.
BOMBAT RECEIPTS ASP BHIPMEMTS FOR yODB YEARS.
SMpmenlt
iBril'n.
1885
1884
I.OIM)
18831 6,000
1882, 3,000
Shipments since Jan,
week.
litis
Receipts.
X.
This
Since
Week
Jan. 1
nent.
Oreat
Total. Britain
1,000
3.000
4,000
219.000U67,000 63fi,000 7,000 1,011,000
2.000 501,000 ()32,000 1.133.000 6,000 ,5ti7,000
9,000! loS.OuO HOd.OOO l,8ti4,000 11,000 1,592,000
7,000|7«2,000l a 2,000 1,374,000 6,000 1.614,000
rear Great Oonti
Continent.
Total
1
;
1
Accordmg to the foregoing, Bombay appears to show an
increase compared with last year in the week's receipts of
1,000 bales, and a decrease in shipments of 2,000 bales, and
the shipments since January 1 shew a decrease of 447,000 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.
Tuticorin. Kurraohee and Coconada.
ShipmenUfor
Oreat
Britain.
Shipments since January
the week.
Continent.
Great
Britain.
Total.
Continent.
I
lotai.
Oalouttar-
18.000
42,700
59.000
82.500
1885
1884
77,000
125.20<
Madras—
1,000
1,500
11,000
50,500
2,000
7,500
2.000
7,500
5?!,oro
59,000
33.500
1
55,900
2.000
3,000
7,r.00
9,0'Xi
123,000
188,M00
77.000
76,200
200.000
265,100
i.oco
1,500
1885
1884
11,000
50,500
All others—
1885
1884
Total
12.000
89,100
1.000
1,500
The above
totals for the
the ports other than
week show that the movement from
is 6,000 bales less than same
Bombay
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:
EXPORTS TO EnUOPB FROM ALL INDIA.
1884.
1885.
1883.
Bh'vmttits
to all Surope
ThU
from—
week.
All other ports.
Total
ThU
.Since
Jan.
Bombay
1.
ThU
Since
Jan. 1.
week.
Since
Jan.
week.
1.
2,000 1,133,000
9,000 265.100
9.000'1, 264,000
3,000
886.000
200,000
3,00C
886,000
11,000 1,398,100
13,000i 1,432,000
4.000
168.000
This last statement affords a very interesting comparison of
the total movement for the three years at all India ports.
Alexandria Receipts and Shipments.—Through arrangements we have made with Messrs. Davies, Benachi & Co., of
Liverpool and Alexandria, we now receive a weekly cable ol
the movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and for thf
orrespondinK week of the previous two vears
Haypt,
,
1885.
October 21
...
Total Europe
A cauiar ik 9H lbs.
133,000
323,000
Jute Butts, Bagging, &c.
— The
market has not been so
active for the past week, and bagging is not moving so freely.
Buyers have pretty generally filled their wants and the orders
coming in are for small parcels. Makers are still busy, however, and are working on the contracts placed previously;
and as but little is pressing on the market prices are steady at
9c. for 1% lb., 91^0. for 1;\' lb., IOI4C. for 3 lb. and lie. for
standard grades. Butts are selling slowly, only a few jiarcels
having changed hands; about 3,000 bales have found takers,
mostly paper grades, though some parcels of bagging quality
are reported. Sellers are steady as to price and are quoting
1X@1/'8C. for pajier grades and 2@23^c. for bagging qualities.
—
Shipping News. The exports of cotton from the United
States the past week, as per latest mail returns, have reached
142, 108 Imles. 80 far as the Southern ports are concerned, these
are the same exports reported by telegraph, and published in
With regard to New York we
the Chronicle last Friday.
include the manifests of all vessels cleared up to Thursday
night of this week.
New York—To Liverpool, per steamers Anrania, 605. ..Author,
Borderer, (additional) 1,714 ..Britannic, 847 ..
1,533
City of Berlin, 1,118... City of Rome, 921. ...Helvetia,
Plato, 1,311
Wisconsin, 55
2,200
10,304
To Hull, per steamer Galileo, 1,«80
1,880
To Havre, per steamer Niuiiiaudie, 1,369
1,369
ToBrcnifn, per 6teamor.>f Eider. .'iOO
Main, 550
1,050
To Hamburg, per steamers Bohemia, 1,450. ..Wieland, 1,792 3,242
To Rotterdam, iier steamer Leerdam, 15
15
To Antwerp, per steamer Rhynlaud, 1,124
1,124
New Orlkans—To Liverpool, per steamers Californian, 2,765
luvenlor, a,(j21
I^ouora, 3,750
Mexico, -1,744... 14,870
To Havre, per steamers Norfolk, 5,343
Proviucia, (additional) 65
5,408
To Bremen, per steamer Hesper, 4,500
4,500
To Barcelona, pi r steamer Southwood, S,408
3,408
Charleston— To Liveriiool, per bark Dario, 1,SOO Upland
1,300
To Havre, per steamers Antilles, 3,100 Upland
Botbal,
Upland
5,0
8,150
To Bremen, per steamers Blagdon, 6,282 Upland. ..Triumph,
5,341 Upland
10,623
ToReval, per steamer oruueoiia, 4,200 Upland
4,200
To Barcelona, per steamer ScotfUian, 4,705 Upland
4,705
Savannah—To Liverjiool, per steamer Cliutouia, 5,991 Unland. 5,991
To Brcmi-n, per steamers Imbros, 5,268 Upland .. Sylvia,
5,210 Upland.
10,478
To Barcelona, per steamer Lancaster, 6,100 Upland
6,100
Galveston— To Liveriiool, per steamers Andean, 4,105
Ash'
—
ford, 5,019. ...Claudius. 4.04;. ...Marchioness, 4,679
To Bremen, per si earner Nettuuo, 3,7o7
Wilmington— To Liverpool, per steamer Urandholm, 3,855
To Bremen, per steamer Wylo, 4,200
West point— To Liverpool, per steamer Bayswater, 4,952
Baltimore — To Liverpool, per steamers Nessmore. 3,445...,
110,000
292,000
This
Since
week. Sept. I.
This
Si7ict
week. Sept. i
4,000
2,000
15,rO0 11,000
5,000
l,Ol;0
24,0OOM 9,000
4,0001 2,000
22,000
6,000
6,000
20,000 12,000
28,000 111,000
28,000
6.000 bales.
Manchester Market.— Our repoif
to-night states that the
prices for to-day below,
for comparison.
received from Manchester
market is steady.
We give the
and leave previous weeks' prices
1884.
82* Oop.
32< Cop.
IwUi.
TwuC
<t.
a.
ng21 S3l6»«»R
" 28;8-i,««'iS8
Sept. 4 *3l, </8»B
" II
" 18 8»i,tfS»»
" 25 8»I8»H»B
d.
«.
d.
8>c agile
89ib!>i 9le
*'»16® 9'«
89i„» Oig
5
7»«»7
7>«»7
8>s07
8isS7
SliB® 9
15
S
5
5
8'',,«
5
86i(,a s^e'S
86i,-a 8''85
Oct. 2
9
" 16 f^ a811l^
" 23
«813,„I5
!8>4
7
7
B.
•?
«7
Ootfn
Mid.
Vptdi
d.
OH)
Ola
d.
61 16
eig
Ik
l>s
6>s
6
SHaeioij
5>fl^6 lOij
5<9»U10>9
.
.
.Scythla,
2,131
89
To Halifax, per steamer Worcester, 89
142,108
Total
particulars of these shipments, arranged in our usual
form, are as follows:
Rotler-
dam,
Bremen AntLivet'
VQol.
New
york. 10,304
N.Orleans. 14.875
14,875
Charleston.
1,300
Savannah.. 5,9'41
Galveston. 17,845
Wilmington 3,855
West Point 4,952
Baltimore..
t£ Bam- werp <£ BarceHull. Bavre. burg, liccal. lona.
1,880 1.369 4,292 1,139
5,40S 4,500
3,408
8,150 10,623 4,200 4,705
10,478
6,100
3,707
Balifax.
.'.
4,200
6,607
2,131
89
..
67.860
1,S80 14.927 37,800
For Genoa— Oct. 19-Bark Maria Cristiua, 1,300.
Bavasnah - For Liverpool- Oct. 16— Steamer Macedonia, 4,695
VI- Steamer Gladiolus, 5,779.
East India Crop Prospects.— By cable from Bombay
For Barceloiia-Oet. i7— Steamer Swaledale, 4,200.
NORFOLK—
For Liveri>ool-Oot. 16— Steamer Alaska, 6,465
to-day we are advised that picking has^ begun in portions
of
Steamer Wavri'ly,
theBerars.
East India
September
15,
West Poini^F.
Crop.—From the Bombay
we have the folk wing
Prices Current of
:
telegraphic rerortsfrom
cU'-niOK cioi>. ahe wiiiit nf i»h.
*^""'^""- »."" '•« <)"e''i">'^>^e^.er
ami
tt.^triul.':o"ir'*„
jnatiiUdl.lo,
111., cliuu
tow be a (lonrt ylHd M.di r any (ire imistan^p"
'«'<"''"« «» J" Tj^lil^Juld noibe
nautaita Lj ia\orable \(eiitLer Jieiictlorward."
SSL^dl"d"b^iL^'r:bJ°,i"rr
_""
_
'^"••'^<"''
the'^llMrtHi"m!'ii?iw'"rr"'''''*J"'*,
jne(iinnclB"ii Ihe-WfaUn-r and the
KlSeW,
Total.
18,984
28,191
28,978
22,569
21,552
8,055
4,952
6,607
2,220
89 142,108
5.339 11,213
Below we add the clearances this week of vessels carrying
ootton from United States ports, bringing our data down to
tlie latest dates:
Galvh ston— For Liverpool-Oct. 20— Steamer Duchess, 4,353.
For Havre— Oct. 20 Steamer Enchantress, 4.147.
New Orlkans— For Liverpool Oct. 16—Steamer Warrior, 2,951
Oct. 19-Steamer Texan. 4,712.
For Havre— Oct. 19-Steamer Regina, 6,724.
For Knmen— Oct. 19— Steamer Robert Dickinson, 3,751.
For Genoa— Oct. IH— Steanu-r Gen. Napier, 4,037.
CHARi-KBioN-For Liverpool -Oct. 21— Steamer Wcstergate, 4,808.
For Barcelona— Oct. IB— Bark Ties Auroras, 1.115.
Total.
8>« lbs.
Shirtings.
1,365
766
Boston
1883.
17.845
3,707
3.855
4,200
4,952
6,607
Boston—Xo Liverpool, per steamers Norseman,
140,000
303.000
This Statement shows that the receipts for the week ending
Oct. 21 were 135,000 cantars and the shipments to all Eurone
*^
••
same date
Co.'s report of the
"Crop prospects contiune favorable, but rain is now required in
nearly all the cotton-growing districts, and is In fact badly wanted in
some pans. During the last few days, however, we have had some
good showers in Bombay, and we hear by telegram that there has been
a fall of rain in some places iip-country, so we have reasfuj to hope that
rain will be general over the di.strict8 during the next day or two. la
the "Bengal" districts the weather has been line throughont the week,
and crop accounts are more favorable, but in the Dharwar districts and
the iilaees iu which the cotton known as "Western" is produced, rain Is
urgently rei]Uireil, and unless it falls soon the time for sowing will have
passed. The mills have made considerable purchases of ready cotton
during the week, and the stock available for export is decreasing
rapidly. In new crop cotton there has been very little done this week."
The
Ebrports (bales)lx> Liverpool....
loGontinent
1883
1884.
This
Since
week. Sept. 1.
d.
&
Oranmoie, 3,162
Beoelpts (uantars*)This week
Since Bept. 1
'
Gaddum, Bythell
:
Total hales.
aU-
1885
1884
A-lexaniiriu
Messrs,
said
Vol. XLI.
Oct.
Cot
19—
7,438.
Continent-Steamer Watllngton. 5,350.
Bi-STON- For Liverpool- Oct. I4-8tcauier Iowa, 1,446... Oct. 1«—
Steamers Cei.halimla, 732; Venetian, 1,793.
BAI,TIMoKB~For Liverpool- Oct. 19-8tcamer NovaScoUan, 1,305
For Bremen— Oct. 21— Steamer America,
For R.itterdam- Oct. 14— Steamer Toledo, 90o.
PmLAUKLPHiA— For Liverpool— Oct. 16-Steamet Lord Gough, 2,891....
Oct. 20— Steamer Biillsh King,
Below we give all news received to date of disasters to veeseta
ourying cotton from United States ports, &c.:
r
.
.
OOTOBBIR
THE CHRONICLE
24, 1885.]
8RBADSTUPPS.
PUDAT.
PisHKit ANi> KEtiKRioo, Htoamen, lyloB at New Orlenna, Ilio
OnOrt. 13
huji iiiirt the Intter for I.lvorponl.
liiaili
on the Invco fi'oiit iit Now Orlran*. nrUln-
Gkoroe
rormcr
hreH occur'
fioni
»tr<'Ot«; hull lies
closnd.
lit tlic corncrof ('iili<Ht«nii(l Kolljclunn
piirtly liiiten Willi colloii wi<ri< orilercil
wlmrvoB iiov«i<«l. Klro wus illncovcrcd
llro
jt
i
III
vi-tsclit
on
coltiiii
luiil
of thirteen
lunonx n
lot
conveyed
to the
littliw
of cotton, htorod on n
lln it. Iicln'^
((norif" Flshwr. The notion wiw huniuillevery huhi
iilely (Imnpeil tniiii the llimt and tlie Are exllnttiiUliiMl
l-'iie ;iNo hrt>ke out iininn^ ti hit uf over 100 hiilen
wtiH'diiniiiceil.
stored on whiirl. conslxned to xteaniur ivderlco. The llro niiulo
riipid headway nw Iiik' to the Htroni; wlndc. hut wiw eventniilly
extlnKUlshed. not haforo ubout 112 hal«H hud boon more or leHH
dainuKvii.
The total amount of coilon duniaced was nbout !'/&
bales.
stcmn'r
;
Cotton freights the past week have been as foUows:
d.
"ls-'i. "iss-'ie '»i!8»ie '»i»^»i« '"lis-'n
eall...d.
Do
sail
•••
• •••
...
..
hi'
n»*
'««•
....
....
V
3a'
•
lit'
sall....e.
Do
sail
—
'..-.
...
—
V
'in-
16^.9„.
•sj'
»s»*
»33*
'S!»'4'
's»»H-
'ss»V
732al4-
'.la*
'aaaV
Tdeste, 8teum...e. 9sa«'iB* »32»».«* »3J»»lb* »3a»»i<.* B3a»l>l«* *3a*'i6"
=•>•'
3„Sis*
»ie"
HfT
Per 100 lbs.
LrvKRPOOL. By cable from Liverpool, we have the following
statement of the week's sales, stocks, &c., at that port.
add previous weeks for comparison.
Antwerp, 8team..e.
'
St.*
Oiimpressed.
t
—
We
Oct. 9.
Oct. 2.
bales.
Bales of the week
OI wUlcli exporters took
Of whlob speculators took..
Sales Amenoan
Actual export
Forwarded
Total stock— Estimated
Of which American— Estim'd
Total import of the week
Of which American
Amount
afloat
Of which American
65,000
3,000
4,000
45,000
5.000
2.000
410,000
279.00U
9,000
8,000
57,000
47,000
57,0C0
Oct. 16.
Oct. 23.
46,000
3.000
2,000
52,000
4,000
3i),000
3.1,000
7,000
5,000
7,000
6,000
362,00(
233,000
20,000
40,000
4,000
8.000
350,000
228,000
51,000
44.000
118,000
139,000
5,01.0
395,000
257,000
2ti.000
2l,O0C'
85,00C'
77.000
17,00(J
128,00lJ
119,00C
is a much steadier feeling.
has been steadily deolinlng throughout the wMk,
under a heavy realizing movement, accelerated by the dull
foreign advices, the hIow export, and the consequent increaa*
The most decided " break " was on
in the visible supply.
Tuesday, but it was not until Tliursday that there was appearance of effort to check the decline. Wheat on the Hpot
also declined but not enough to lead to any considerable
revival of the export movemtiit, and prices were for th«
most part nominal. To-day futures were steadier but dull,
At the close there
Wheat
in Fpot wheat wus moderate.
OAU.r OLosma prices of ho. 2 avo wnrrca wUsat.
and business
The tone of the Liverpool market for spots and futures each
day of the week ending Oct. 23, and the daily closing prices
of spot cotton, have been as follows:
Market,
.t,
12:30p,
H«rden«
j
Mid. Upl'da
Mid. Orl'us.
Sales
Spec.&exp.
'^''t^'it''"'
tendency. mulnL'ued
Ttiuda^
100
98>«
9919
102'«
103>s
98
H»'m
101^8
103
98>8
100>8
101 'h
110%
10778
106 Hi
Doi'emlior delivery
January ilellvory
Kebrnurv delivery
May
delivery
Qaleter.
In buyers
favor.
5-'ifl
til*
12,000
1,000
Steady.
Quiet at
1-64 advance.
Firm.
Steady.
5i<6
Freely
offoied.
5!>8
8.000
7,000
7,000
50O
500
700
600
Market,
•ket,
5 p..M.
(
5
Quiet
Steady at
l.(t4 deat an
cline.
advance.
Quiet
Easy.
but
Easy.
Dull at
8 «4 decline.
Steady.
steady.
Quiet
but
steady.
The opening,
highest, lowest and cloamg prices of futures at
Liverpool for each day of the week are given below. These
prices are on the basis of Uplands, Low Middling clause, unless
otherwise stated.
t^r The pi'iMt are ffiven in ponce and 6ilhs, thtu: 5 62 meant
5 62-64if,. ana 6 03 tneana 6 3-64(J.
8ki. Oct. 17.
Op*n Biah Law.
d.
d.
d.
620 526 528
523 523 6 23
Oct.-NoT...
28 52! 522
Hov.-Deo,
Dec-Jan.,,. 522 6 22 622
Jan.-reb.... 524 521 5 24
7eb.-March 527 5 27 527
March-Apr. 580 530 6 30
April-May. 533 533 533
May-June.. 536 536 536
Oetotwr
,
Olot
Hon., Oct. 19.
Open High Low,
4.
d.
5 26
5 25
6 22
5 21
5 22
5 23
6 26
5 29
S2S
622
6 22
5 21
627
580
683
636
d.
Clo».
d.
il.
Bib 5 24 6 21
6 22
521
5 22
5 21
5 21
3 20
520
520 620
623 5 82 6 22
5 26 5 25 523
528 5 28 528
638 538 532 5 3^
535 535 535 533
Tnes., Oct.
'iO,
ijpm Utah law. Clot
d.
d.
4.
525 5 25 5 23
622 6 28 520
520 6 20 518
520 5 20 510
5 22 6 22 520
5 25 5 2> 523
628 5 28 526
sal 5 31 520
6% 535 538
0p«n
Low.
A.
d.
521 5 21
Clot.
4.
621
Oct.-NoT_, B 18 8 10 518 519
NoT.-Deo,,. 5 17 617 517 5 17
Dec-Jan ,.. iW 5 IS 518 5 18
Jan,-Feb,.., 5
5 20 5 20
Feb.-.March.j 5 il S2;j 623 623
March-Apr. 5 -ti 5 2rt 5 26 6 2rt
Aprll-Muy..! i'i'i 5 iv 3»» 539
May-June... 5 32 1538 532 638
October
....
.
'.'fi
\
:
6 21
Tknra., Oct.
'Z'Z.
Open H<«A Low.
Olot.
d.
it.
4.
it.
820
6 21
5 18
5 18
6 18
5 20
6 21
5 18
d
523
520
518
5 IV
6 20
5 23
5 26
5 29
533
5 17
5 17
516
516 5 18
517
517 518
518 5 20 6 18 520
6 31 6 23 5 21 623
6 24
5-4»
5 26
I
5 24
6 26
S2U 5 28 5 26
6 31 8 82 531 938
Frl.. Oct. !23.
0p«n HlgA U>w. Uua
d.
d.
d.
616 618 618
516 6 16 616
5 15 5 16 516
6 16 5 16 516
517 5 18 517
521
5 21
6 24
5 87
524
5 27
6 21
5 8,1
5 27
630 530 530
95'8
90>t
33 '4
97»i.
»U^
98 >«
100
105 »e
106%
100
lom 101^
go's
tant deliveries
DAILY OLOSIMO FBICKS OF NO. 2 HIXKD COB!T.
Taef.
Wed. Thurt.
Sat.
Mon.
51'4
51
51%
51%
In elevator
50 's
50 ig
so
50%
50%
November delivery
4(14
48%
4S%
48%
49%
December dollvery
46>4
4698
4058
46 •«
46%
Januiiry delivery
46>4
46
46%
46^
46%
Febiuary delivery...
46
46
46%
46
46>e
May delivery
which
depression,
little.
Some
Oats have varied but
51
50%
4914
46»i
46%
46<|
was
wheat, was
due mainly to sympathy with the decline in
recovered on the renewal of an export demand. To-day the
market was firmer, especially the more remote futures.
DAILY CLOSING PItlCKS OF NO. 2 OATS.
Wed.
Mon. Tues.
Sat.
30%
31%
32%
Su's
Sl^g
32^8
January delivery
3U%
31%
32%
Thurt.
Fri.
30%
31%
32%
31>4
32i*
33>9
30%
31%
32%
Rye has continued quiet. Barley has been much more
and prices have done rather better, especially for prime
active
FLona.
91)bl.$2 73a 3 50 Sjuthem bakers' and
family brands
009
3
3 do
Saperllne
3 60* 4 0* B/aa>ar
8i>,lU(! wheat extras.
meal—
00
Ojrn
250
5
Minu, clear and stra't. 4
vVestem,&o
wlnttjrnhl»p'(?extra«. 3 75» 4 00
^^randvwlne,
Ao...
2o
25»
5
Wmt«r XX & XXX.. 4
47.ia 58') Buckwheat flour, $
ratents
2.t
lOJ
lbs
00»
4
5
Mi.v gnlpiduKez
Bouti-'nooui. ezxrae.. iooa 4 65
OK&rn.
Fine
».
5 18
616
516
6 16
5 13
521
5 24
527
530
759
$4
.9
50
3.259 3 50
3
109 349
2
009
9 335
2 35
I
WheatSpring, per bnab.
BpiluKNo. 2
Ued Winter, No.
87 »102
94 » 96
97I4J
85
85
Ited Winter
White
Corn— West, mixed
50
West. mix. No. 2.
West, white
West, yellow
51
51
,Tl
tye—WeRtem
9
9,S
.%3
»
28
31
Wblte
No. 2 mixed
No. 2 whit*
Barley-No.
53
58
62
flT-att^,
9
9
9
a
30%»
1 Cauad.-v.
No. 2 Canada
»
n
61
State and Canada. ..64
Date— Mixed
al03
twivr(>wed
State. six-rowed ....
63
66
32
39
33
34'a» 35>*
90 9 93
79 9 81
60 9 62
77 9 85
65 9 80
Western.
57
51 9 5J
The movement of breadstuffs to market is indicated in tha
statements below, prepared by ua from the figures of the New
York Produce Exchamfe. We ttrst give the receipts at Western
lake and river ports, arranged so as to present the comparative movement, for tne wtieK ending Oct. 17 and since July 35
for each of the last three years:
White Sou r,liern..
Yellow Southern.
li<M«»tlll*-
Flour.
Wheat.
Oiti.XViltn Biith.aaibt
Wednes., Oct. 31.
97
»e>it
The following are the closing quotations:
7,000
Fularet.
Market,
12;30p.m.
PH.
07
Thurt.
96%
grades.
538
5=8
5»8
10,000
1.000
Doll.
Fnda>.
97 "8
ttOH
Indian corn declined sharply early in the week, under sale(
to realize, with a weakenng of speculative confidence ; but
attention having been directed to the poor average quality of
the new crop, there was some recovery, and the close last
night was slightly dearer. Corn on the spot has been dull for
export, and prices gave way slightly. To-day spot corn was
about steady arid futures slightly dearer, especially the dis-
November delivery
Wednef, TKurad'y.
Wed
Tut*.
In elevator
November delivery
Deoiniber delivery
Saturday Monday
apoi.
Mm.
Sal.
>»c4-»aa* l'64-»3S*
»M1m«'4'
;
>8-
...
Hi-
There haa been a dull and drooping market for flour and
meal, in sympathy with the depression in grain but as prioM
did not advance with the speculative values of grain, «o tbejr
have not been materially reduced by the decline thereof, and
...
....
....
....
....
J3araelona,8tcam.e.
e.
H-
....
e.
Qeaoa, steam
'*lliM-'l«
»1«-
>*•
...
d. i6,4-9ga- II.,4-»SS* >»«4-93a*
sail
Fri
4034&I 409451 40»45t 409151 40»*5t 40345)
snll...o.
Reva', steam
^»
•
e.
Amst'd'in, steam.e.
Do
V
H'
HaiubnrK, steam.o.
Do
V
....
38«
e.
Bremen, steam.. e.
Do
....
*8'
....
..«•
...
c
Havre, steam
W4dnu. Thuri.
ruM.
Hon.
Balur.
Liverpool, steam
Vo
P. M., Ootolwr 23. 188A,
'i
ntliii;
17ft
613.387
..
102.738
Mllwauj^e..
Toledo
97976
a:«.238'
4,«)5
321.440
6I4.K<6
Ctalomto
J
I.130,l;5
20,547
30.900
162.297
421.600
.,
4.806
89.000
22 096
«J12»J
316.239
1.805
15.-l.i5
51l,8iW
Peoria.
Bartty.
Ox' Au».4Slte
415,461
1,0 16.010
62.800
,...
7.1*1
Oatt,
m
7.6S0
60
7.925
9.5U0
Detroit
Cleveland.
SLlKJula
Com.
BtuH.MtU AuA.SS
108,375
B4.4SS
4,000
ll4.;ii.)j
IOSjO
Tot.wlt.'S6
2W.477
2.556,-l«2
1,771,003
771.811
876,633
3,745.793
914.337
l.801,99«
1,360,868
6938 9
ea».u6»
80.064.gW>
80.301.318
IM 01 on^
l.nOi .890
8.148.398
1,83«.U1T
1885..
1. 750.4
23.148.709
IBM
3.*«6,287
? '74.<^<
40.4 18.390
.mTfli -H
83.810.477
8.3.21 1.687
'•"f*..
»,is»
9A»
....-
Same «k. '84
Same wk. t>»
9tM« JhIu 28
860,084
61.817
1,440
-
1.3.010
621.000'
Duloth
Rf.
ButhMif
«lM•lu^
108.317
16l,68e
808,788
4,138,1«ft
1.186308
3.9»6,1M5
S,<17,170
^.|*4^ rml
4,1
n •->
THE CHRONICLE.
480
The exports from the
Mxportt
front—
Hew York
Boston.
Montreal.
VTheai.
Corn.
Bush.
101,150
Bush.
Oatil.
Bush.
101,334
30,971
115,384
2.'i-<.!114
33,856
6,666
9,712
5,210
108,076
586
131,8.5.5
Wyt
123.3J0
T6..57.')
91,318
Peas.
Jti/e.
Bits.
!)2.I03
ni!
Baltira're
N. Orl'ns.
annexed statement:
in the
Flour.
421.82.-
.
PUilartel..
shown
auction sale of 3,000 pieces of silks and velvets, which was
held by order of a leading importing house. The sale
attracted a large company of local and out-of-town jobbers
and retailers, and the competition on silks was so spirited
that almost the entire offering was closed out to fair advantage
but the sales of velvets were rather slow, and many lots were
passed to await a better market. Accounts from distributing
points in the interior indicate lessened activity in all departments, but the majority of merchants are well pleased with,
week an
several seaboard ports for the
are
17, 1885,
ending Oct.
Bush.
4,566
Bush.
8,(i53
90,470
2.50
......
Rlclmi'd
the results of the fall trade up to this time, and the future is
seemingly regarded with confidence.
Domestic Cotton Goods The exports of cotton goods forthe week ending Oct. 30 were 2,884 pack*)ge8, including C.'S
H. News.
Total wt.
391,442 1,086,013
148.133
256,592
140.82C
157,414
44,705
S'me time
1884.
..
l,l7-(.3ia
95,056
—
92,613
135,549
The visible supply of grain, comprising the stocKs in granary
at the principal points of accumulation at lake and seaboard
ports, and is transit by rail and water, Oct. 17, 1883
•
Wheat,
bush.
In $tore at—
9,028,686
263,900
4,500
Albany
4,464,934
Buffalo
12,698,364
CliicaKO
70.122
Klchmond.Va....
2,873.765
Milwaukee
1.306,825
Bnluth
2,063.583
Toledo
1,658,364
Detroit
133,500
Oswego
2,738.935
Bt. Louis
107.349
Cincinnati
264.564
Boston
164,016
Toronto
378,000
Montreal
PhiladelpUa
990.796
Peoria
Indianapolis
3.359
180,569
709,688
I,490,f51
43.013
Kansas City
Baltlmofe
Do
afloat
Down Uisslsaippl.
On rati
On lake
On canal
Tot. Oct.
Tot. Oct.
Tot. Oct.
Tttt. Got.
Tot. Oct.
Com,
Oats,
bush.
6m»A.
698,309 2,934,801
99,600
25,500
13,000
123,302
978.911 23o',5'i2
993
8,316
KewYork
Do afloat......
.
452.954
1,552.189
1,476,656
16,832
45,179
44,201
16,813
157,125
227,623
5,317
262,651
141,293
55,898
276,538
18,000
406.290
29,663
10,720
37,509
51,711
100,570
243,230
33,967
15,061
9,178
255.019
469,727
614,601
286,125
130,237
837.885
23,796
O.flOO
31.01i).310
!
30,000
12„500
36,224
87,886
to Great Britain, 533 to
to Argentine Republic
Prices of plain and colored cottons ruled steady, and without
quotable change, but the upward tendency of the market has
727 been checked by the light demand reported of late. Print
32.000
2^066
70,898
30,000
17,952
9,249
726
315,177
90,034
29,097
16,076
203,635
10,000
cloths were in moderate
20,412
30,749
demand
weeks
at last
quotations,
3 l-16c. less }4 per cent for 64x64s and 'ZJ^c. for 50x603.
Prints were dull in first hands, as were dark ginghams, but a
viz.
496
1.000
:
fair business was done in spring styles of the latter fabrics
920 for future delivery and there was a steady call for crinkled
1,835 seersuckers and yarn-dyed cotton dress fabrics, while further
4.816
liberal orders were placed for plain and fancy white goods-
1,987
36",442
165,158
78.801
220,154
30,028
16,000
22,127
—
and curtain materials.
Domestic Woolen* Goods.
1,420.894 542,81.5
920.766 467.921
1,441.834 807.819
1,009.031 2,311,373
2,068,135
813,719
THE DRY GOODS TRADE.
Fridav, P. M., October 23, 1885.
Owing
Hamburg, 513
380 to U. S. of Colombia, 283 to Hayti, 115 to Chiii, etc.
Bye,
Brown cottons were in fair demand by converters and
bush
Bleached
90,733 exporters, but the jobbing trade bought sparingly.
cottons, wide sheetings and colored cottons were severally in
4' 200
7,774 light request by package buyers, and cotton ilannels were less
237.221
active than of late, because of the mildness of the weather.
demand
4,827,123 5,245,980
5.195.9315.095.067
6.l48.Sf9 4.407.712
30.30^,426 11,263,344 5,219,038
14,825,311 3,837.443 4,318,300
45,179,482
41.094,842
17,'85.
10,'85.
11.'84.
33.'33.
21,'82.
Barley,
bush.
4,529
rvoL. xLi.
weather conditions, which
have tended to limit the demand for consumption, there was
a comparatively light movement in fall and winter goods thu
past week. Business ruled quiet in commission and importing
in part to unfavorable
—There
was only a moderate
for men"s-wear woolens, but the condition of the
market continues satisfactory, nearly all the most prominent
makes of fancy cassimeres, suitings, worsteds, &c., being under the control of orders. Prices are consequently firm on all
clothing woolens of a desirable character. Cloakings were
only in moderate request, but there was a good steady business in Jersey cloths and stockinettes. Satinets were in fair
demand, and there was a light business in Kentucky jeans
and doeskins. Tricots and ladies' cloths were distributed in
fair quantities, and some pretty good orders fcr spring shades
were placed for future delivery. All-wool dress goods and
novelties in soft wool suitiugi were somewhat less active, and
worsted dress fabrics ruled quiet in first hands. For flannels
and blankets there was a fair hand-to-mouth demand, and
Shawlj and skirts were rather slow of
prices remain firm.
sale, but there was a steady bu-siness in wool hosiery, scarlet
underwear and fancy knit woolens at firm prices.
FoREio.v Dry Goods were mostly quiet in importing
Silks and
circles, and the jobbing trade was only moderate.
velvets were sluggish in private hands, but some large lines of
thes3 goods were sold by auction, and considerable quantities
Dress goods
of velveteens were disposed of in like manner.
circles as regards nearly all seasonable fabrics, but additional
orders for certain kinds of spring and summer goods were placed
•with manufacturers' agents and importers to a considerable
aggregate amount. The jobbing trade was somewhat irregular,
and upon the whole sluggish, retailers having found little
occasion to replenish their stocks, the unseasonable mildness
of the weather during the greater part of the period under
review having checked distribution. In spite, however, of the ruled quiet as regards seasonable fabrics, but some fair orders
were placed for the spring trade. Linen goods, handkerchiefs,
late lull in the demand, the tone of the market has continued
embroideries, laces and hosiery were severally in limited
steady, and there was no pressure to sell the most desirable
demand, and men's-wear woolens have relapsed into a comgoods save at current quotations. The event of the week waa paratively quiet condition.
|
I
'
e^ammtvciixX
Brinckerhoff, Turner
&
Co.,
©JOttOU.
&
Alexander
Cargill,
COTTON BROKERS,
AUGUSTA, OEORGIA.
ManolsetnTers and Dealers In
Entire attention idven to pnrchiue of
COTTON S AILDUCK
And all
Hotton,
(f^nx&s.
kinds at
COTTON
CyUTVAB, PELTING DUCK, CAB
COVKRINO., BAOGINa, RAVBN8 DUCK, SAIL
TWlNBa. Ac., "ONTARIO" 8BAMI.KBS
BAOS, "AWNINO 8TK1PM.
TO OKDKR
COTTON
for 8P1NNKB8 and BXPORTERS.
CORRESPONDEN'CB SOLICITED.
BEyERESCES.-NtttlonMl Bank of Aufnista, Ga
Henry Ilentz & To., Commission Merchants. Ne»
York; Willliim B. Diina & Co., Proprlutors (•ommebCIAL 4 t iNAKCLAL Ohkoniclk, and other New ToM
Houses.
&
Co.,
Cotton Commission Merchants,
No. 19 SOrTH WILLIAM STREET^
Neiir
York.
SELMA, ALA.; MONTGOMERY, ALA.
Bayers of Cotton for a Commission
Orders for Future Contracts executed in New York
and Liverpool.
Bliss,
Fabyan &
Co.,
Self York, Boston, Philadelphia,
BBLLINQ AGENTS FOR LEADING BRANDS
Also, AKSnta
John C. Graham
OiriTED STATES BUNTINS CO.
A foil supplr, all Widths and Ck>lora. alwaTS stoek BROIVN & BLEACHED SHIRTINGS
AND SHEETINGS,
No. 109 Dnsne Street.
Gwathmey
&
Bloss,
COMMISSION MERCHANTS.
fat
Fielding
& Gwynn,
Drills, Sheelings , de., for
Waldron
COTTON FACTORS
A«.
&
Export
COMMISSION MERCHANTS
16 and 18 Exchange Place,
NHw
roas,
»T PRARI,
Tainter,
STRRKT.
&
Co.,
COTTON BKOKER8,
STREET,
PEAKL
ST.,
NEW YOKK.
Orders for future delivery of Cotton executed
Sew York and
Geo. Copeland
184 PEARI.
No. 123
Iir
Tratle.
COTTON MERCHASTTS,
Alts
POST BiTiLDiKa,
PRINTS, DKNIMS, TICKS, DUCKS,
Towela, QnlltajlVIilte Goods Sc H»sler>
NEW YORK
visions In
Liverpool
;
also for Grain
and Pro-
New York.
Dennis Perkins
&
Co.,
COTTON BROKERS,
lis Pearl Street, New York.
Orders for Spot Ootton and Fatuies promptly
executed
@FedFRASER