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HUNT'S
MERCHANTS’
MAGAZINE,
,*eparjsjwWjj
Mg
■representing the industrial and commercial interests op the
{Entered, according to act of Congress, in the
VOL. 33.
year
1881, by Wm. B. Dana & Co.. In the office of the librarian
SATURDAY, OCTOBER 8, 1881.
CONTE NT8.
THE
The
Limitations
Bub-Treasury
367
The Financial Situation
368
Equal Charges for New York. 369
Mr. Gould,
Mr. Vanderbilt,
Mr. Garrett
370
Out Foreign Commerce
371
372
Bogus Promissory Notes
Cotton Consumption and Over¬
land Movement for Septem¬
ber—
373
THE
Bonds
THE
375
Treasury State-
ment
English
375
and
News
Commercial
376
Commercial and Miscellaneous
News
377
GAZETTE.
New York Local Securities
382
Railroad Earnings and Bank
Returns
383
....
and
379
Epitome
tember, 1881
United States
Quotations of 8tooks and Bonds 381
Range in Prices at the N. Y.
Stock Exchange
380
Commercial
Cotton
374
The Debt Statement for Sep-
BANKERS’
Money Market, Foreign Ex
change, U.S. Securities, State
Municipal Bor-
on
rowing
Monetary
states
Congress, Washington, D. C.l
NO
850.
by the collapse that followed.
CHRONICLE.
Money Market and the
and Railroad
Stocks
of
united
Investments, and State, City
and Corporation Finances... 384
COMMERCIAL TIMES.
387 I Breadstufts
388 I Dry Goods
392
393
We are likely in coming
years to reach a somewhat similar situation, but up to this
time there is nothing to warrant the
gloomy predictions
which
to-day.
We do not mean to say'
speculations in breadstuffs, provisions and cotton
may not burst with disastrous effect (and the public would
not weep if they
did) to those who are engineering
them; or that some stocks possessing little or no value
will continue to float at present prices.
These, however,
and similar movements, though they often
accompany, are
not indicative of general weakness; they are
simply inci¬
dents in every season of prosperity.
Taken as a whole,
our trade was never more
healthy or more promising. A
are so common
that the
fair indication of the truth of this statement is
seen
in the
review of the
country’s foreign commerce which we give
subsequent column, and to which we would call the
Thb Commercial and Financial Chronicle is issued every Saturparticular attention of our more nervous readers. Sup¬
day morning, with the latest news up to midnight of Friday.
(Entered at the Post Office at New York, N. Y., as second-class plementing
those figures with New York imports
mail matter.]
and exports for a month later, the conclusions there
TERMS OF SUBSCRIPTION-PAYABLE IN ADVANCE*
drawn
find
further
support,. for
they show us
For One Year (including postage)
$10 20.
For Six Months
that notwithstanding the diminished imports in September
ao
*.
6 10.
Annual subscription in London (including
postage)
£2 7s.
last year and the large exports (following the speculative
Sixmos.
do
do
do
1 8s.
Subscriptions will be continued until ordered stopped by a written
•order, or at the publication office. The Publishers cannot be responsible movements the first half of that year) there is no consider¬
for Remittances
£hc ©Itrouiclc.
unless made by Drafts or Post-Office Monev Orders.
Advertisements.
Transient advertisements are published at 25 cents per line for each
Insertion, but when definite orders are given for five, or more, insertions,
a liberal discount is made.
Special Notices in Banking and Financial
column 60 cents per line, each insertion.
London and Liverpool Offices.
The office of the Chronicle in London is at No. 74 Old Broad
Street,
and iu Liverpool, at No. 5 Brown’s
Buildings, where subscriptions and
advertisements will be taken at the regular rates, and single copies of
the paper supplied at Is. each.
WILLIAM B. DANA,
JOHN Q. FLOYD, JR.
\
j
WILLIAM B. DANA & OO., Publishers,
79 & 81 William Street, NEW YORK.
Post Office Box 4592.
in
a
able difference
present season.
Of course, to a very considerable amount, loanable
funds are being absorbed to support the speculations
referred
in
and
our
an
in values
of the
stocks
of
these commodities
now
reach probably over 30 million dol¬
lars, and that no sane banker would loan on them to
nearly the extent of these higher values; further, that in
THE MONEY MARKET AND THE SUB¬
some measure
foreign capital is helping on these specula¬
TREASURY.
tive movements; and finally that the actual addition to
The present and
prospective condition of the money- our stock of gold from imports and production during
market has continued to be the
question of absorbing the twelve months ending October 1, is probably
interest the past week. Not
only Wall Street operations, about 125 millions of dollars.
Evidently, therefore,
but all business is more or less affected. In
these
fact, monetary
speculations furnish no sufficient explanation
affairs the world
for
the
over, are now so intimately connected,
existing difficulties. They undoubtedly aggra¬
vate
stringency here is a disturbing element quickly felt at
them, not only by absorbing money but by checking
every monetary centre. It is therefore a very superficial exports, but they do not account for them. The country,
view of the matter to
consider speculators the only suf¬ however, would willingly submit to the present high rates
ferers.
for money for a time, if that would turn the breadstuffs
And yet if this condition were the result of an
expanded market; for it is daily becoming more and more manifest
credit system and an unsound state of
trade, there would be that at existing values the world’s supply of wheat and
no relief to
suggest, outside of that produced by the strin. corn will be abundant, and we shall only suffer later on
gency. This was the situation in 1873, when a
scarcity of by this blocking now of the export movement.
loanable funds was at once both the evidence and the cor¬
But it is unnecessary to look to these remoter influ¬
rective of a general
insolvency which could be cured only ences to account for our active money market, since th to
the Commercial and Financial
can be obtained at the office.
•
to
leading staples, and to that extent we
explanation of the existing stringency. But in
considering this feature we must remember that the differ¬
have
ence
A neat file cover is furnished at 50 cents;
postage on the same is
18 cents. Volumes bound for subscribers at
$1 00. A complete set of
between the values then and those for the
Chronicle—July, 1865, to date-
a
year ago cannot
THE CHRONICLE.
368
condition of the Treasury
is, as we have often ex¬
plained, very clearly the immediate cause. The truth
ifl, the loan column of our City banks to-day is but
and they hold only
about the same amount of lawful money that they did
at the same date of 1880,
notwithstanding the large
addition to the gold reserve of the country during the
twelve months, whereas the Treasury holds 41 millions
more of gold and legal tenders than it did the first of last
little in excess of a
October.
We have
year
ago,
nothing to do at present with the
condition of the Treas¬
ury. Our purpose is simply to understand the cause of
the stringency, that we may better judge of its duration.
question of responsibility for this
VOL. XXXIEL
persisted in similar to the present would bank¬
rupt half the nation.
Let Congress, as their earliest
work, address themselves to devising a measure which
shall make it impossible to reproduce this state of affairs.
The question of immediate interest, however, is how can
present relief be obtained. Under the interpretation of
the Sub-Treasury law made by Secretary Sherman and
followed by Secretary Windom, money once in the SubTreasury cannot be checked out except on actual disburse,
ment.
Consequently it is impossible to transfer any of
this surplus into a bank deposit on proper security. But
condition
suggestion to pay at once, with interest, the bonds
called for December
24, seems to be wholly un¬
No issue of silver certificates, however extensive, can objectionable, as the funds are in hand and lying idle,
so that the Government by immediate payment would lose
relieve the market. They are not bankable and are
And, besides, the Treasury receipts are running
not even currency except in a limited way, and hence their nothing.*
and will continue to run large during the next few months.
large increase in no manner affects the question. To show
Our imports will certainly be in excess of a year ago, and
the holdings of the Treasury of lawful money at the dates
in all probability the receipts from internal revenue will
mentioned we give the following, taken from the Treasury
show a considerable increase. By anticipating the redempbalance sheets.
tion of these called bonds, and continuing the weekly pur¬
Oct. 1, 1880.
Oct. 1,1331.
chases to an extent which will prevent any accumulation
$135,244,833 of funds in the future, the needed relief may be secured.
$174,361,344
Gold coin and buUion
the
.
Legal tender notes
Total lawful money
27,130,132
27.148,613
$201,491,476
$162,393,446
39,000,000
Tn/vpaaaa during thft Tftar
Besides the foregoing there
bank notes of
is an increased holding of
TEE FINANCIAL SITUATION
Wall Street has of late had one eye
fixed earnestly
on
1,000,000
Washington and the other with equal longing fastened
upon the money bags of Europe.
Up to this moment
$41,280,000
Making the total excess of available lawful money..
neither source of supply is known to have furnished much
*This item we insert because 11 milUons are deduoted below which
relief ; and yet the gold shipments from Europe are kept
this item to its extent would cancel.
so quiet now that it appears impossible to trace them with
We may assume that the holdings last year were suffi¬
entire accuracy.
cient for the ordinary wants of the Treasury.
At present
With how firm a grasp England and the Continent intend
the interest account is less, so that the ordinary demands and must strive to hold on to their reserves, is well
should require a smaller working balance ; but there is reflected in the events of the week.
First the Bank of
an
additional claim against the holdings for redeeming Berlin on
Wednesday (not waiting for Friday, their regu¬
bank notes retired, &c., but still unredeemed, which calls lar
day) advanced the rate of discount to 5£ per cent;
for about 11 millions of lawful money in excess of the
Thursday the Bank of England put up its rate to 5 per
amount held for that purpose Oct. 1, 1880.
Deducting cent; while in France the premium on gold has advanced
the whole of this excess and making no allowance for the from 2
per mille to 6 per mille.
These movements are
sbialler interest demands and we still have left in the
easily accounted for when we look at the extraordinary
Treasury, or at its command, over 30 millions of currency, Bank returns made public during the week. For instance,
all of which is really kept out of the market at a time the Bank of
England shows the very large loss of
when the demand on our banks is most active for the
£1,374,000 bullion, with the remarkable decrease of
movement of the crops.
It is well known that this excess 11 1-16 per cent in the proportion of reserve to liabilities.
of lawful money is in great part held against bonds which The Bank of France reports a loss of 1,400,000 francs
And
an
increase of deposits in bank of*
1,280,000
and not presented for redemption. But
the influence on the market is none the less effectual be¬
cause an item exists on the other side of the account.
If
the banks held this 30 millions, of course in the present
condition of loans no stringency could exist; they would
have funds sufficient to meet all crop demands without
have been called
restricting local accommodation.
It will serve no good purpose, as said above, to in¬
quire now who is to blame for this condition of the
Treasury. One thing is clear, that a system which either
permits or enforces this extraction of such a block of
lawful money from the channels of the commerce of
the country at the period of the year when its needs
are
most
urgent, is absolutely bad.
A sub-treas¬
ury could be endured, for it was not felt, in those
days when a few millions covered the Government
receipts and disbursements for the twelve months;
now
with
multiplied many times,
our
commerce
and
with the Treasury
the
largest manipulator
of money in the country, it throws into the hands of an
official the control of the money markets of the whole
world.
We cannot believe that our people will bear
this much longer, for the time may come when a Treasury
The Bank of Germany
gold and 8,100,000 francs silver.
marks. This latter we
supposed at first must be an error; but we have made
inquiries, and believe it to- be correct, as no contradiction
was obtained by cable.
It is probable that the proportion
of gold to silver in the Bank of Germany has been
materially changed, and that the gold is much less than is
estimated in our table; but we have no means of ascertaining
the exact proportion, and
therefore make no altera¬
tion.
The week’s reports reduce the amount of bul¬
lion in the principal European banks to the following
figures, so that the holdings now compare as below with
the holdings at the corresponding date in 1880.
shows
a
decrease of 22,400,000
Oct. 7,
Oct. 6,1881.
Gold, ;
£
£
Bank of
England
Bank of France
Bank of Germany
Total this week
Total
previous week
Silver.
•
1880.
Gold,
Silver.
£
&
27,361,588
21,694,728
24,511,5S2 49,648,610 24,146,754 50,006,318
17,720,667
8,611,720 17,559,120 8,860,333
67,726,985
54,817,980 67.207.730 60,368,675
08.104,532
56,527,270 68.371.730 65.309,169
division of the stock
The above gold and silver
Bank of Germany is merely popular
no information on that point.
estimate, as
of coin of the
the Bank itseii give*
October
THE
8, 1881.]
CHRONICLE.
readers are aware that so far as the Bank of
France is concerned, the amount of gold credited to the
Bank in the above, is very little of it available for export,
and in fact that only the stock of the Bank of England can
be looked to with any reliance.
Under such circurrfstances one can readily understand how determined and
369
Consisting of
Our
Date.
Duties.
Chid.
Sept. 30
1....
<<
3...
4....
TT. 8.
Silver
Silver
Notes.
Dollars.
Certificates.
$1,000
$245,000
80
70
$176,000 $13,000
12,000
1,000
368,000
28
9,000
1,000
1,000
413,000
370,000
294,000
177,000
251,000
72
435,339 12
257,000
128,000
11,000
6....
596,459 97
210.000
14,000
1,000
373,000
Total...
$3,327,568 59
$1,199,000
$68,000
$5,000
$2,063,000
5
persistent the effort is likely to be to prevent shipments to
this side; and so long as the export of breadstuffs is
stopped by speculation we see no reason why the move¬
$432,875
553,248
674,062
635,582
...
Oct.
«
•-
<<
In
...
9,000
the
meantime, the banks have continued to ship
of gold to America should be sufficiently large to gold very freely to the
interior, so that the net result is
furnish any considerable relief to our money market. The seen in the
following, which shows the
ment
Sub-Treasury
Saturday with $590,000 movement for the week ended October 6; and the
gold bars. The cable on that day reported the departure receipts and shipments of gold and currency reported by
of $100,000 from Havre by the Herder; on the 5th a the leading banks.
in from Europe
Donau came
withdrawal
was
on
announced of £100,000 from the Bank of
England for shipment hither, and on the 6th £160,000
gold was taken from the Bank and the open market.
This makes
the amount
Into Banks.
Sub-Treaaury operations, not...
Interior movement
reported to be in transit
$1,900,000, including the two lots of £50,000 each with¬
drawn for shipment on the 28th and 30th ultimo.
now
Total
The
Outof Banks
$4,532,339
663,000
$..
$5,135,339
Net.
3,960,000
$4,532,339
*3,297,000
$3,960,000
$1,235,339
interior movement, as
above, embraces all the
gold during the receipts and shipments of gold and currency reported to
week has been the arrival at San Francisco of one million us by the
leading banks for the week ended October
dollars on Thursday of bullion and
6,
which
sovereigns from Aus¬
(stated in our usual form) are as follows.
It would seem as if when England shut the doors
tralia.
But the most notable movement of
Receipts at and Shipments from N. T.
of her vaults to prevent
the treasure she now holds from
Currency
running away, that she cut off her natural supply, since Gold...’
the gold takes the easier course of
reaching its destination
Total
direct.
It is not however safe to say how much can be
predicated upon this arrival. One thing is certain, and
that is that if any unnatural obstacles are
put in the way
of the free movement of gold it will find the
point where
it is needed in spite of them.
Seeing
no great
promise of
immediate relief from
stringent money market, attention has been
turned again to the balance the
Treasury holds. We have
reviewed this point in a
preceding article. During the week
very urgent appeals have been made to the Secretary to
modify his programme for the purchase and redemption of
bonds, but despite rumors to the contrary he has as yet given
no positive indication that he would make the
least change
abroad for
any
our
in the order issued
the 24th ult. 'It is understood that
he has been asked to buy $6,000,000 bonds on
Monday,
thus completing the allotment for
October, and also to
offer to pay any of the extended 6s embraced in the 105th
call with interest to the date of
presentation, instead of
requiring holders
on
on
to wait until the expiration of the call
a
repository of the associated
were
$543,000
3,417,000
$663,000
$3,960,000
withdrawn during the
America, the gold
banks.
The
foreign exchange market has been weak, partly in
consequence of the activity in the money market, but
mainly by reason of a pressure of commercial and other
bills.
The
advance in
Thursday had
no
the
Bank
of
other effect than
to
England rate
cause
a
on
decline in
the rate for
long sterling.
Bankers report securities
going to Europe; and while some have been returned, the
bulk of the movement has been outward. *- The followin
g
table shows the margin of profit for
cable
the
the
transactions,
prices being those ruling in London and this city afr
opening each day.
Oct. 3.
Oct. 4.
Oct. 5.
Oct. 6.
Oct. 7.
Lond’n N.Y. Lond'n N.Y. Lond'n N.Y. Lond’n N.Y.
Lond’n N.Y.
prices.* prices. prices.* prices. prices.* prices. prices.* prices. prices.*
prices.
U.8.4s,c. 11616
U.8.3*s ioo-yi
2d
result of the disturbed condition of the
money
gold
Shipped.
$618,000
45,000
week from the vault of the Bank of
Erie
December 24.
As
Two million dollars in
Received.
4452
116H 11616
100*
44
100*91
44-52
con.
102-85
102 54
102-85
Ill. Cent.
130-92
130
13116
N. V. C..
142-29 14194
35-45+
73*
.116* 11591
10054 100-91
4368
44*
102* 10260
130* 130*43
141* 140-60
116* 115 55
10054 100-56
4279
43*4
102*
129 *
102*01
12957
11554
115*55
100
100*56
43*39
102*01
129-57
138-76
33-60+
42*
10154
12854
138*
116
100*
43
102*
129*
137*
141-57
139* 13376
market, stocks have been very active and generally lower Reading
3630+
34-72 J
7454
71* 34-08+ 6954
68
this week. The
early part of the week the rate for money Exch’ge,
cables.
4-84
4-84
4-84
appeared to govern the movement very closely except on
4*83*
4*83*
Expressed in their New York equivalent.
one or two occasions
+ Reading on basis of f50, par value.
when, although money became easy,
The Assistant Treasurer
other influences were
bought $2,000,000 extended
sufficiently potent to counteract the
6s
on
effect. On
Monday, out of an offering of over $6,600,000 ; but
Thursday afternoon the rumor that Mr. Windom would
$2,100,000 bonds were subsequently withdrawn. The
certainly modify his order in respect to the
large amount offered was in the hope that the Department
purchase of bonds, caused a
sharp upward movement,
and the
market closed strong on that day for the first might be induced to buy more than $2,000,000, Active
time
during the week, and on Friday this upward turn was money has affected Government bonds during the week,
continued, with a general belief on the street that the and small lots of the extended 5s sold below par on Thurs*
-Secretary would do something to
The
Treasury operations for
relieve the market.
da7-
the week include the
EQUAL CHARGES FOR NEW YORK.
receipt of $1,000,000 gold from the
President
Garrett’s clever arraignment of Mr. Van¬
Philadelphia mint.
This makes a net
loss by the Treasury for the week, which
derbilt, published in the newspapers last Saturday, has
is a gain to
the banks, of
not
had precisely the effect that was
$4,532,339 34. The Assay Office
probably intended.
paid out
$1,312,416 for domestic and foreign bullion, His purpose evidently was to fasten upon Mr. Vanderbilt
including $1,250,000 for gold received from Europe. The the responsibility for the present ruinous war of
rates, and
following have been the receipts by the Treasury from the no doubt also to produce a revulsion of
public feeling
Custom House.
against him for that reason. This purpose has not been
370
THE CHRONICLE.
[Vol. xxxin.
anxious to part with his property.
This is evident from
accomplished—at least so far as New York business men
the remark made by him a short time ago, that the road
are concerned—and we need not go far for an explanation.
could not be had even if $300 per share were offered for
Mr. Garrett may or may not have proved that Mr. Van¬
the stock, though the current market price is not $200.
derbilt inaugurated the war. The public do not care.
Still another cause for unfriendly feeling between Gould
The war is an actual fact, and Mr. Vanderbilt has now
and Garrett exists in the action of the Baltimore & Ohio
(given it to be understood that on his part at least it is
in the matter of Gould’s telegraph companies.
When the
being waged in the interest of New York’s commerce.
American Union was organized by Mr. Gould in opposi¬
The President of the Central says he is determined that
tion to the Western Union “ monopoly,” the Baltimore &
the differential rates in favor of Philadelphia and Balti.
Ohio came to the aid of Mr. Gould’s company with the
more which have hitherto been granted, shall be abolished.
lines of telegraph along its road.
Now that Mr. Gould
This exactly meets the views of all our citizens. There is
has merged the American Union in the Western Union
here and there no little misgiving as to Mr. Vanderbilt’s
and again stifled competition, the Baltimore & Ohio seems
entire sincerity in the matter, but the vast majority of
disposed to lend the same helping hand to another com¬
persons are willing to yield their doubts and take Mr.
Vanderbilt at his word. New York’s commerce has of petitor just springing into activity, whereat Mr. Gould
waxes wroth and vows no doubt eternal vengeance. What
late years been harmed, and anyone who rises in its
sort of punishment he intends to inflict upon Mr. Garrett
defense will receive the cordial support and co-operation
•of the entire community.
That the losses to stock- has lately become apparent.
Both Mr. Vanderbilt and Mr. Gould propose to force
holders, and indirectly to the general public, are
Mr. Garrett into their way of thinking.
Their method*
heavy, is generally recognized and admitted, but the
for accomplishing this end differ somewhat.
Mr. Vander¬
principle involved admits of no compromise.
Mr.
bilt has resolved to make it a trial of strength between his
Vanderbilt, as the largest stockholder, has as much at
road and the Baltimore & Ohio, and, as there can be little
Stake as anyone, and since he thinks that the danger to
doubt as to who will come out second-best in such a con.
New York interests is imminent, and is willing to make a
heavy present sacrifice to ensure continued success in the test, thus literally to starve the latter into submission.
Mr. Gould also thinks he sees a way of compelling Mr.
future, business men are prepared to abide by his decision
Garrett to come to terms.
The Baltimore & Ohio
and see the fight carried out to the bitter end.
There can be no doubt that a policy of discrimination is not by any means secure in its possession of the
Ohio & Miss., one of its leading feeders, and the stock¬
against us, permanently persisted in, must do great injury
to our trade.
It will not do much in one year, two holders’ meeting for the election of a board of directors
takes place next' week. Mr. Gould proposes nothing more
years, or even five years; but ultimately the laws of trade
than to wrench this road from the grasp of the
will assert themselves, and the port and route offering the nor less
cheapest outlet to market will get the business. We do Garretts, and in this way to cripple the Baltimore & Ohio.
With this end in view he has graciously condescended
not propose to rob Baltimore of any natural advantages
allow of the use of his name and those of his trusty
she may possess.
All that we ask is that we shall be to
placed upon a footing of equality with her ii^the matter coadjutors on a ticket to be voted on at the coming elec¬
tion.
Mr. Gould is, of course, entirely disinterested in the
of charges.
This we are entitled to by reason of our supe¬
His only concern is for the poor stockholders who
rior capital, our excellent railroad facilities, and the almost matter.
for so many years have suffered through the road’s being
perfect connections we have established, by means of these
a mere appendage ” of the Baltimore & Ohio system.
facilities, with all the chief manufacturing and producing
sections of the country. Millions upon millions of our Should the stockholders see fit to elect the new board, the
If road will henceforth be operated in its own interest, for
money have been spent in accomplishing this result.
Baltimore is nearer any centre than New York, though the the benefit of bond and stock holders, and not as “ a cow
to be milked by other roads.”
Mr. Gould’s efficiency at
rate be the same to both ports, Baltimore will still have
the element of time in her favor where her roads can make milking is well known, and in the contingency mentioned
better time.- But we take exception to the idea that the milk would not only all go to its rightful proprietors,
because Baltimore is a few miles nearer to a given point but the “ cow” would have its bag enlarged for the occasion
by a liberal application of the principle of a general mort¬
she must therefore have a lower rate.
gage to cover all outstanding issues and for other purposes.
We refer to this matter now because in connection with
MR. GOULD, MR. VANDERBILT, MR. GARRETT.
We have seen in the previous article that Mr. Vanderbilt Mr. Vanderbilt’s attempts to acquire control of the Clethas a grievance against Mr. Garrett, of the Baltimore & land Columbus Cincinnati & Indianapolis and the Phila¬
Ohio.
Mr. Gould also has a grievance against Mr. Gar¬ delphia & Reading, it suggests a possible concert of action
rett—nay, more than one. That gentleman, it is generally between Mr. Vanderbilt and Mr. Gould. The Clevland
believed, was and is anxious to get possession of the Balti¬ Columbus Cincinnati & Indianapolis will of course be a
more & Ohio, with the lines now operated
by it, namely very important addition to the Vanderbilt system of
the Marietta & Cincinnati and the Ohio & Mississippi, roads, and Mr. Vanderbilt’s desire to control it in his in¬
terest is easily explained without reference to any plans of
bringing Baltimore in direct connection with St. Louis.
The Cleveland road (embracing now the
St. Louis is the northern terminus of Mr. Gould’s entire Mr. Gould’s.
system of Southwestern roads, and the natural outlet to the Cincinnati Hamilton & Dayton, it should be remembered,)
seaboard for the traffic of these roads is over the Balti¬ connects the Lake Shore at Cleveland and Toledo with
more & Ohio to Baltimore.
Not only that, but the Balti¬ Cincinnati and Indianapolis, and drains a very rich section
of country.
more & Ohio has a smaller capital and would cost less to
There can be no doubt that it is an important
feeder
to
Lake Shore, and that its permanent acquisi¬
the
control than any of the other Eastern trunk lines. Mr.
Gould has therefore been casting covetous glances at that tion would be very desirable. With new lines springing
road, and evinced not a little desire to add it to his other up on every side it behooves Mr. Vanderbilt to look
possessions. But unfortunately Mr. Garrett, having the sharply after the various roads that contribute so
swell his traffic
without being directly
interests of Baltimore at heart, does not appear at all much to
.*
.
“
“
-
October
THE CHRONICLE.
8, 1881.]
371
his influence. With these in his posses¬ be said as to our domestic products, it is indisputable that
ion the new lines would be able to do comparatively there are as yet no signs that the speculative mania has
little injury. A new trunk line between Chicago and New taken possession of the market for foreign goods. The
York, such as is foreshadowed by the construction of the movement is on a scale fully justified by the demand*
New York Chicago & St. Louis and the New York West Were there no other evidence of this, we should find
ample
Shore & Buffalo, would be robbed of half its power for proof in the present condition of the bonded warehouses*
harm with the connecting roads in the control of its-rivals. For some time past thej withdrawals from bond have
under
Recognizing this fact, it is not surprising that Mr. Vander¬ largely exceeded the entrances. This is a sure test of the
bilt should make strong efforts to obtain a foothold in the state of the trade.
If goods were being
brought here on
Cleveland Columbus Cincinnati & Indianapolis, which speculation, and in excess of our wants, there would be an
must be regarded fully as important as any connecting immediate and visible increase in the stock held in bond.
line.
But, aside from all this, the increase is deprived of any
But if Mr. Gould should getthe Ohio & Mississippi—it significance it
might otherwise have when we bear in mind
may be said, though, that it is uncertain yet whether he that in the early part of last year, when speculation waa
will be successful in his endeavors—that road might be rampant, the imports reached
unprecedented figures, and
made to answer the double purpose of weakening the Bal¬ that subsequently there was a
collapse, and a decided fall¬
timore & Ohio and strengthening the Vanderbilt lines. ing off in the
monthly totals during the last half of 1880;
In that case the latter system would extend practically to so that really we are now
comparing with a period when
St. Louis and its position be virtually impregnable.
The the movement was of necessity below the average.
traffic from St. Louis formerly going to the Baltimore & In fact,
August is the first month in the present calendar
Ohio at Cincinnati, would be turned north at that
point
the Cleveland road and then over the Lake Shore
and New York Central.
In that case, too, the terminus
over
of Mr. Gould’s lines would be much further east—at Cin¬
cinnati, instead of,
The
as now, at
advantage of such
bilt lines is very clear. It
bilt could give in return.
St. Louis.
arrangement to the Vander¬
is not so clear what Mr. Vander¬
an
He might transfer some of his
roads, but this would, very
likely, hardly be considered a full equivalent. Beyond
that, it does not appear that any benefit would accrue to
Gould and his system* unless, indeed, the
object should be
the formation of an alliance, offensive and
defensive,
between G,ould and Vanderbilt, against all comers.
We
shall probably have to await further
developments for a
solution of the mystery.
As regards the Philadelphia &
Reading, also, there is much speculation as to Mr. Vander¬
bilt’s idea in seeking control.
It is generally believed that
Gould and Vanderbilt are
working in harmony; but just
what their plans may be cannot be discovered.
Various
theories have been advanced in
explanation, but none
entirely plausible.
Here, too, we must await fuither
west-bound traffic to the Gould
developments.
that shows a larger aggregate of imports than the
corresponding month of 1880. Each of the preceding
seven months exhibited a
decrease, varying in amount
from $1,593,754 in June to $15,186,841 in
April, and the
total decrease during that period footed
up $59,071,468,
which has now been cut down to
$53,643,515. Most
assuredly nothing further need be said to demonstrate that
our import
trade is in a very satisfactory state. The fol¬
lowing table shows the imports and exports at each of the
leading ports.
year
EXPORTS AND IMPORTS OF MERCHANDISE AT U. 8. PORT8.
and
Foreign.)
New YtPk
New Or e;tii8
Baltimore
Boston
Philadelphia
Ban Francisco
All other ports
Total
August returns of
foreign trade are on the
had any right to expect.
To be sure, the excess of
exports over imports of mer¬
chandise is only $5,804,124, against
$10,127,593 last
August, and the net imports of gold are only $5,248,548,
against $9,054,481, but the peculiar conditions prevailing
this year must not be
forgotten. Breadstuffs, provisions,
cotton—all our chief staples—have been
ruling at figures
which have led
foreign consumers to buy sparingly of us,
and only
to supply urgent wants. It is, therefore, rather
surprising and certainly very gratifying to note that in
the
aggregate the export values this year were kept
fully up to those of last year and even slightly increased.
The higher
prices, in a measure tending to make good the
loss in the
quantity exported, have of course aided in
bringing about this result.
more
our
favorable than
But in the value of the
increase
to
this that
the
extent
we
imports there has been an
5-J millions, and it is to
of about
the smaller balance in our favor is to be
We observe a disposition in certain
quarters to
make much of this increase and to
interpret it as indicating
that the movement is
proceeding upon an unhealthy basis.
There is no warrant for such a conclusion.
Whatever may
attributed.
Since Jan. 1.
August.
Since Jan. 1.
$
270,813,938
$
$
35,214,465 252,983,287
3,041,648 63,880,147
6,022,098 42,775,221
6,805,590 50,238.194,713,501 28,232,84:
4,041,999 25,783,1 J:
6,997,839 91,990,90*
36.438,347
2,839,390
8,978,368
5,440,115
5.404.456
1,759,523
6.333.457
67,497,140 555,883,789
67,192,656 550,871,037
44,278.067 300,480,034
599,922
8,157,672
1,406,360 10,889,561
39,163,355 345,011,659
604,125
7,409,847
1,239,322 13,060,822
5,257,668 52,183*577
5,265,867
2.682,916
Philadelphia
3,313,9©8
4,145,896
Total
The
whole
August.
1880
62.097,508
49,277,440
43,452,681
32,268,149
15,939,785
76,952,456
Imports.
New Yorn
New Oi leans
Baltimore
Boston
8an Francisco
AU other ports
OUR FOREIGN COMMERCE.
1881.
Export8 (Domestic
45*790,376
21,914,99t
24,404,26:
29,789,84-;
61,693,016 441,426,74
Recurring to the export figures,
there is
m
the
aggregate an
3,268,013
|[
31,263.299
22,377,356
23,763,703
56,265,065 195,070,26a
find that though
increase of $304,484, tht
total of breadstuffs values records
339, and
4,359,692
2,372,888
a
we
decrease of
$6,187,-
that of provisions a decrease of $507,327,.
together $6,694,666. It follows that there must have
been an increase of pretty nearly 7 million dollars in the
exports of cotton, petroleum, and other items, probably*
chiefly cotton and petroleum.
The same explanation
applies to the figures of some of the individual ports.
New York, for instance, has a total decrease of
only
$1,223,882, but breadstuffs and provisions together foot
New Orleans
up a decrease of more than $3,400,000.
increased its total exports about $200,000, though it lost
on breadstuffs
more than $900,000, so that there must
have been a gain in other items of more than $1,100,000.
The larger cotton movement, and the higher price of that
staple, probably contributed a good part of this gain.
The decrease in the value of Baltimore’s total exports is
satisfactorily accounted for by the breadstuffs and pro¬
visions figures.
Boston’s increase of nearly 1£ millions
can not be explained in this way. Philadelphia’s decrease,
too, is much less than the movement of breadstuffs and
provisions would indicate, so that here also other items
must have influenced the aggregate.
There is, however,
THE CHRONICLE.
372
[V'ol. XXXIli.
PROMISSORY
BOGUS
mistaking the meaning of the expansion at San
Francisco from $1,759,523 in August, 1880, to $4,041,999 in August, 1881.
California, as is well known,
has a large surplus of wheat on hand, which is now
feeing freely exported.
Almost the whole of San
Francisco’s increase occurred in this
manner,
the
no
NOTES.
traveling through the Western States during
recent years have made, ingenious but fraudulent use of
the law of negotiable paper to a very great extent.
There
are various forms of the swindle.
The leading features
^are that the traveler gathers names of solid, responsible
breaastuffs exports having risen from $883,084 in August, men in the town he visits; he induces any he can to buy
1880, to $2,921,270 in 1881. San Francisco is the only the invention, machine, patent right, or the like, which he
port which augmented its breadstuffs movement in that has for sale, or to become agent to introduce it in the
month.
Subjoined are the breadstuifs and provisions vicinity. He obtains a promissory note for whatever he
sells.
He is careless what representations he makes to
figures for each of the leading ports.
EXPORTS OF BREAD6TUFFS AND PROVISIONS FROM LEADING PORTS.
induce the giving of the note, for he means to be far
1880.
1881.
away before it becomes due. This note he gets discounted in
Since Jan. 1.
A
Since Jan. 1.
ugust.
Bread stuffs.
August.
the neighborhood; the bank or some money lender of the
$
$
$
town willingly takes it.
He then goes on his way, carry¬
13,564,701 88,897,767
New York
10,871,586 68,392,414
8,074,561
1,511,622
9,177,878
606,892
New Orleans
Before
7,371^836 35,507,169 ing the money obtained by the sale of the note.
5,192,226 28^182,929
Baltimore
10,566,073
1,677,907
11,065,912
Boston
its maturity the buyer finds he has been cheated in the
1,449,718
3,317,555 19,443,709
2,015,869 12,883,185
Philadelphia
883,084
9,527,092
San Francisco
2,921,270 16,751,355
bargain. If the paper were still held by the original
3,408.155 14,304,851
2,489,960 11,111,532
Other ports
payee the fraud could be shown in defense.
But the
Total
25,547,521 157,565,205 31,734,860 135,321,222
familiar rule of negotiable instruments forbids him to set
Provisions, <£c.
7,980,822 66,584,617 up these “equities” against the discounter.
New York
7,247,136 63,247,108
And he is
116,306
3,076
143,790
New Orleans
2,790
150,134
3,508,206
redress
the
traveling
salesman,
4,203,006
powerless to obtain
against
Baltimore
40,673
2,187.376
651,313
31,392
237,312
Boston
Philadelphia
Ran Francisco
Other ports
10,397,992
Total..
^
’
25,426
371,524
15,014,578
5,147,600
284,559
2,535,799
93,111,444 110,905,319
93,191,665
1,808,830
17,662,631
4,944,930
215,508
2,664,471
565,507
,
The diminution in the breadstuifs exports is due
almost
entirely to the greatly reduced movement of wheat, though
there is a decrease, larger or smaller in amount, in every
item, except flour and oats. This will be seen in the following table.
EXPORTS OF BREADSTUFFS DURING AUGUST,
AND SINCE JAN.
Value.
Quantity.
August.
1880.
1881.
1880.
1881.
$
145,417
9
Barley
Corn
Corn-meal
Oats
Rye
Wheat
Wheat-Hour
..
.lmsli.
bush.
.bble.
.bush.
bush.
.busb.
bble
.
9,805
6,704,984
28.6S9
64,660
46,277
14,378,024
598,876
5,279
4,050,355
91,109
28,121
45,818
17,761,165
226,944
8,595,307
36,196
45,804
173,992
21,796,151
549,921
•
Total
1.
4,394,505
104,456
19,312
3,562,674
149,879
23,779,163
.3,142,128
25,547,521
31,734,860
46,900
449,333
45,630,390
746,432
Since Jan. 1.
bush.
88,078
.bush.
57,004,310
297,942
247,778
731,560
81,795,745
668,203
84,379,398
257,270
455,988
1,238,356
91,968,203
5,014,093
3,932,628
Barley
Com
Corn-meal
bush.
bush.
Rye!
.bush.
Wheat:
Wheat-flour.. bble..
Oats
32,893,229
874,793
117,913
783,119
203,053
1,117,934
94,189,803 113,926,044
28,659,448
23,248,036
157,565,205 185.321,222
Total
provisions and dairy products there is a decrease in
quantity in every item save beef and cheese. The rise in
values is strikingly illustrated in the case of bacon and
hams.
Though we exported almost 9£ million pounds
less of this class of provisions in August, 1881, than in
August, 1880, prices were so much higher this year that
the shipments were valued at more than $200,000 above
those of last year, as is shown in the annexed table.
In
EXPORTS OF PROVISIONS,
AC., IN AUGUST, AND SINCE JAN. 1.
Value.
Pounds.
August.
Beef, fresh and
salted
Bacon and hams
.Lard
Pork
Tallow
Butter
Cheese
1880.
1881.
8,695,590
54,124,674
25,154,228
6,997,962
9,153,592
4,238,312
18,930,995
11,550,267
44,651,532
11,542,274
5,313,225
5,368,194
3,244,362
20,741,517
Total
1881.
1880.
$
$
2,236,588
701,639
4,085,502
1,971,505
516,220
654,597
834,006
2,141,850
10,397,992
10,905,319
8,705,661
39,346,749
21,474,663
5,174,367
3,722,980
3,177,076
11,509,948
7,600,775
39,460,389
21,024,116
4,035,307
6,111,494
4,758,035
10,201,549
93,111,444
93,191.665
1,090,352
4,298,318
1,323,726
463,834
364,942
620,232
Since Jan. 1.
Beef, fresh and
salted
95,615,197
TaUow
Butter
97,608,462
451,019,400
206,887,704
64,548,057
55,129,254
16,658,295
>6,260,435
271,141,488
60,731,083
86,974,027
24,404,011
Cheese
106,538,057
92,492,809
Bacon and hams
Lard
Pork
Total
f#
Salesmen
for he cannot be found.
Whenever, in these cases, the person defrauded has
deliberately given a negotiable promissory note the courts
not shield him from the claims of a purchaser for
can
value.
But
arisen in
an
cases
aggravated variety of this fraud has
traveling salesman has procured
where the
signature to some innocent-looking paper, and has after¬
ward altered it to the form of a note.
Such a case has
a
lately been presented in the Supreme Court
of Iowa; and
the decision is that if the paper signed is not a negotiable
instrument it is not within the power of the payee, by
fraudulent
alteration, to impart the right's of a bona fide
indorsee to
one
The subscriber may defend
who buys it.
brought by one who has discounted the apparent
note, by making proof that-it was manufactured out of a
paper of different legal effect.
action
an
It
seems
ment sued
that in this Iowa
upon as
agent for-mowing
subscribe
a
a
case
the maker of the instru¬
promissory note, was visited by an
machines, and was induced by him to
written contract
relative to such machines.
presented to him for signature it was not in the form
note; it contained a promise to pay money, but this
was coupled with certain conditions preventing it from
being negotiable. In this form the defendant signed and
delivered it. It was, however, craftily drawn in such
manner that the conditions and other portions of the in¬
strument could be cut off, leaving the ordinary words of a
negotiable promissory note by themselves above the de¬
fendant’s signature.
The traveling agent amputated the
paper in this way, and sold the note portion to a bona fide
purchaser for value.
The court decided that the purchaser could not, under
these circumstances, enforce the instrument.
Such a case
differs from those where a person is induced by fraud to
sign what really is a negotiable note ; or from those where
a separate memorandum of conditions written on another
part of the same sheet of paper is cut off. Here the in¬
As
of
a
in two. This presents a case of a
fraudulent and material alteration. Now generally one
strument itself was cut
which has been materially
rights of a purchaser .for
value before maturity.
It may be that one who is
chargeable with carelessness in subscribing a paper
drafted in such a way as to admit of its being cut in this
manner may be held liable on the ground of his neglect;
but the paper^ is not his^ negotiable note, for it was not
buys a negotiable note
altered does not acquire the
who
THE CHRONICLE.
8, 1881.]
October
from
he signed it. Considered in the light of a Movem't
Sept. 1, 1881
to
Oct.
1,
maker of a note he is not liable.
1881.
There have been cases somewhat parallel.
In one the Galveston
Ind’nola, &c
traveling agent obtained a note signed in blank and filled New
Orleans.
Mobile
the blank fraudulently; the maker was held liable.
In Florida
several the defense was that the note was wrongly read to Savannah.
Br’nsw’k,&c
the maker and he signed it, not understanding that it* was Charleston.
negotiable; 'in these cases the maker has generally been wiiinington?
held liable except where he could show clearly that he Norfolk!0.’?.0
took all due care. In two cases a person has been inYork?0
duced to sign his name and post-office address on blank Baltimore
such when
Exported since Sept. 1, 1881, to—
Receipts
since Sept.
Great
1, 1881. Britain.* France.
...
..
373
72,637
3,369
16,339
96,302
24,785
32,875
Slocks
Conti¬
Oct. 1.
Total.
nent.
4,332
20,721
6,111
57,366
38,986 121,569
13,668
395
100,626
27,997
4,650
1.695
52,502
.
4,296
36,943
43,926
8,945
27,864
8,945
14
10,961
7,408
292
44,943
4,908
1,526
3,063
r
42,549
4,425
16,580
7,242
53,900 J 86,795
5.260
4,295
2,505
10,785
2,981
4,109
5,260
3,065
8,280
974
2,981
and the traveling agent has written a note over the Philadei.,&c.
422,057
signature without any right so to do; the courts have pro- Total
nounced this forgery, and have said that the bona fide | Tota11879-80 458,478
Great Britain
paper,
*
12,155
11,448
3,254
4,312
157.381
14,870
22,850
195,101 381,905
162,593
30,696
10,091
203,370 332,404
exporta include to the Cliannel.
holder cannot recover.
Using the facts disclosed by the foregoing statements,
shall find that the
portion of the crop which has reached
COTTON CONSUMPTION AND OVERLAND I a market through the outports and overland, and through
MOVEMENT FOR SEPTEMBER.
Southern consumption in September this year and las*
Our monthly reports, which are made to us by telegraph, | year is as follows.
enable us to-day to present the overland movement of
1881.
1880.
cotton for the month of September.
Receipts
at
the
the
This is
first
ports to Oct. 1
bales.
422,057
458,478
Net shipments overland during same timo
30,896
18,043
statement for the new season, but has considerable interest,
Total receipts
hales.
452,953
476,521
as it shows a tendency to an enlarged movement in this
Southern consumption since September 1
20,000
15,000
we
direction this year.
OVERLAND
Total to Oct. 1
MOVEMENT
FOR
SEPTEMBER.
472,953
491,521
The decrease in amount of cotton marketed
during the
first crop month of 1881 is thus found to be
JL8,568
bales.
To determine the portion which has
gone into the
The gross
figures for September reach 46,862 bales,
against 34,842 bales for the same month in 1880, a differ
in favor of 1881 of 12,020 bales.
for the month is also in excess of
bales.
I hands of Northern spinners during the same period, we
a
year ago, being have prepared the following.
30,896 bales, against 22,809 bales last year, or an increase of Total receipts in Sept., 1881, as above
.bales.
472,953
8,087 bales.
The details for the month of September this > stock 011 hand commencement of year (3opt. l, 188D—
At Northern ports
91,911
year and last year, presented in our usual form, are as
At Southern ports
117,322—212,233
ence
The
net movement
follows.
At
Providence, &c., Northern interior markets
5,810—
..
Total supply
during September, 1881
supply there has been exported
to foreign ports since September
195,101
Less foreign cotton included
616—
OVERLAND FROM SEPTEMBER 1 TO OCTOBER 1.
218.043
690,996
Of this
1881.
Since September 1,
From St. Louis
shipped—
Over Illinois Central
Over Cairo & Vincennes
Over the Mississippi River, above St. Louis
Over St. Louis & Southeastern
Over Evansville & Terre Haute
Over Jeffersonville Madison & Indianapolis
Over Ohio & Mississippi Branch
1
Over Louisville Cincinnati & Lexington
Receipts at Cincinnati by Ohio River
Receipts at Cincinnati by Cincinnati Southern....
17,409
14,624
83
524
6,265
3,485
11,047
268
140
5,006
4,045
4,605
3,146
618
5,061
1,301
37
3
402
497
46,862
8,62h
10,503
29C
338
terior towns
6,810
Taken by Northern spinners in September, 1881
Taken by Northern spinners in September, 1880.
202
Leaving
30,891
22,809
takings by Northern spinners this year, .bales.
the
month of 1880 of
has
same
OF
13,889 bales.
CROP
NOW
foregoing w-e have the number of bales which
already been marketed this year and last year. An
the
above
the
stocks
Slven in the
following table.
month,
are
which
adding
remaining at that date at the
years on
Oct. 1 to be
as
follows.
1881.
r
with the stocks at the close of the
SIGHT.
interior towns, less stock held by them at the beginning
of
the season.
In this manner we find the result for the two
receipts, exports and spinners’ takings.
While the overland movement thus shows a considerable
this latter fact, that the interior stocks have increased
>195 bales. The
receipts and exports during September,
IN
additional fact of interest is the total of the crop
was in
sight on Oct. 1. We reach that point by
Canada by rail, which are this
increase, the receipts at the ports have fallen off 36,421
bales; it should, however, be remembered in connection
13,889
spinners had during the
September taken 87,G88 bales, an increase over
230
12,033
87,638
73,799
month of
to
15,961
together
107,638
20,000
In the
813
Total to be deducted
month'W^bales01111168 sllipmenfc8
533,308
takings by spinners in September, 1881.
AMOUNT
49
Virginiaports...
5,830
The above shows that Northern
North Carolina
ports
total npt, r»yAriand*
Total
100
New Orleans
Savannah...
Charleston...
Providence, &c., Northern interior markets..
Taken by Southern spinners
34,842
Shipments inland (not otherwise deducted) from—
Galveston....
Mobile....
hand ond of month (Oct. 1,1881)—
At Northern ports
...
,
98,656
At Southern ports
283,219—331,905
on
Increase in
Deduct—
Receipts overland at New York, Boston,
Shipments between (or South from) Western in¬
310
Stock
1,073
196
above
overland
728
Burnt North and South
950
919
191,485
Sent to Canada direct from West
At
Over other routes
Shipped to mills, not included
■total gross
1880.
Total marketed, as above
Interior stocks in excess of
bales.
Sept. 1
Total in sight
I
bales
1880.
472,953
70,000
485,521
542,953
536,521
51,000
This indicates that the increased movement up to
date of the present year is 6,432 bales.
this
weight of bales.
To furnish
1 month,
we
a more
exact measure of the
give below
our
receipts for. the
usual table of the weight of
•
THE CHRONICLE.
374
Rol. XXXUX.
We give for comparison the figures for the first county, town and city debts, the extent of which the
three months of last season, as we have been unable to liquidating process, about that time set in motion, rudely
forced us to realize.
A recurrence of that condition is
procure those for the month of September separately.
bales.
Three Mo8‘
Month of
End'g Dec
September, 1881.
1,1880.
possible, but
can be prevented, and this is the time, when
the credit mania is daily gaining new force, to provide all
proper
Average
Bales.
Pounds.
Weight.
76,006
96,302
24,785
102,716
52,516
510-53
469-66
50400
482-55
490-62
of
Virginia
49,851
North Carolina...
11,253
59,524
38,803,343
46,224,960
12,442,070
48,918,495
24,682,520
23,930,972
5,266,404
27,956,041
472,953
228,224,805
Texas
Louisiana
Alabama
Georgia*
South Carolina...
Tennessee, <fcc....
Total
*
Average
Weight.
Weight in
Number
512-45
50000
502-00
51400
476 25
479-87
47000
471-00
47900
480-05
468 00
47000
‘
Including Florida.
This shows that the average
month has been 482-55
weight of bales for the
lbs., against 490-62 lbs. for the
first three months of last year.
GOODS
COTTON
THE
TRADE
IN
SEPTEMBER.
Business has been active in all
departments of the cot¬
goods trade during the month. Prices have ruled
firm in consequence of the limited supplies, which have
seldom or never been so light at this season of the year.
Ootton flannels are particularly scarce in low and medium
grades, and an advance of £c. per yard has been estab¬
lished in most descriptions.
Leading makes of brown
and bleached goods, wide sheetings, &c., were in active
request, and advanced ^c. per yard. Printing cloths have
also sold well, and at the close of the month 64x64s were
quoted at 4 cents. The following statement indicates the
course of values during September.
ton
1879.
1880.
1881.
-
CotCri Print- Sheet Oott'n Print- Sheet- OotVn Print- Sheet8ei*t.
inn
inn
low
ings, low
ings,
mid- cloths. stand- 7)i id- cloths. standdling. 64x04 ard. dling. 64x64 ard.
Ulli0
H^ifl
ll13ic
1
i
3
10
11
12
13
14
15
16
17
H.
H.
8i*
8i*
12»lfl
37s
12 *tj
8.
3i5lf
121,6
111516
111316
111116
3l5l«
315,6
315,6
3l&ie
315, £
31516
S.
H7ie
S.
H.
11 *2
8.
H.
11*2
H&lfi
11°1«
4
3%
37s
8.
8.
37s
378
37r
37s
37s
7%
7\
7%
7%
7\
7\
4
8.
H°16
11°16
4
1
4
4
4
4
8.
4
4
1°16
113s
1138
1138
8.
8H»
8i*
8i*
8i*
8i*
Si*
1138
115i6
I4
1114
1114
1114
H
4
4
4
4
4
8.
8.
8i*
8i*
8i*
8i*
73,
7\
7\
7%
8.
8.
Si*
8i*
8i*
8i*
8i*
8i*
8.
H.
315,6
315,6
31516
378
37b
Ill*
His
111*
11316
H316
11316
8.
3l6l6
3loi«
315,6
315,6
316i6
3>&16
lisa
1138
Ili4
11H
lli«
111*
8.
8.
H510
115,6
1 l5is
24
25
26
27
28
29
30
578
378
37b
s.
HI
8.
H.
H»IB
Uhe
20
21
22
23
S.
Si*
8i*
8i*
ll151h
1115,6
12*16
8
9
378
37r
S.
4
5
G.
7
8i*
8i*
8i*
37s
113s
113a
1114
4
ll316
4
4
4
8.
\734
7\
73,
7%
7%
7%
8.
7\
7\
7\
7\
7%
7%
low
mid-
inn
ings,
cloths, stand-
dling.
64x64
H1316
1113,6
11 l3J6
UI3is
1178
lll°16
43,6
43,6
4316
4316
4316
-
4310
8.
8.
12!i6
12116
121,6
12116
12
12
4*8
41*
4^
4
4
4
8.
4
1178
1H316
IH316
376
33,
33,
1H316
35a
35s
8.
8.
39,6
8.
7 3,
11510
1011,6
1013,6
1013,6
10716
109,6
7%
7%
73,
107,6
103,6
8.
8*4
8*4
8*4
814
8*4
8*4
8.
Si*
8i*
8i*
8i*
8%
8*48.
8.
12
1113,6
ard.
31*
3i*
3i*
3i*
3i*
8
8
8
8
8
8
S.
8
8
8
8
8
8
8.
8.
3i*
31*
-
8
8
The above prices are—For cotton, low middliug upland at NewYork;
for printing cloths, m inufacturcrs’ prices; for sheetings, agents’ prices ,
which are subject to an average discount of 5 per cent.
LIMITATIONS
Financial
occurrence
ON MUNICIPAL BORROWING.
crises have
that
people
always been of such periodic
are
wont to look upon them as
fact, as an outgrowth of this periodicity,
every community contains a race of men whose happiness
consists in constantly predicting a panic, which in the end
of course proves true, and their reputation for sagacity
unavoidable.
becomes
In
,(in their own estimation at least) established.
panics are not unavoidable, except in the sense that an
undue expansion of credit is unavoidable ; and this we
can learn to prevent, if we will build on our own experience.
We will remember that there was no greater source of
weakness in 1873 than our vast aggregate of State,
But
We
are
inclined to speak of the
at the
present moment because our own State is
about preparing to elect a legislature, and there is now a
constitutional amendment before the legislature on this
matter
48000
safeguards.
Many of the States have already restricted the
In fact, New York, in
power of cities to create debt.
November, 1874, ratified two amendments to the constitu¬
tion prohibiting the giving or loaning either the credit or
money of this State to or in aid of any corporation or
private undertaking, and also prohibiting any municipality
from doing the like, or from incurring any indebtedness
except for strictly municipal purposes. This was designed
to put an end to the practice of granting loans of
money or of credit to railroad corporations and is very
useful, but does not go far enough. The last legislature
passed an additional amendment applicable to any city of
over 100,000 inhabitants and to any county containing
such city, by which either county or city is forbidden to
become indebted to a total exceeding 10 per cent of the
last preceding assessed valuation, and any indebtedness
above this limit is pronounced absolutely void ; water
bonds not running over 20 years and having provision for
an adequate sinking fund are excepted; also certificates of
indebtedness issued in anticipation of tax receipts for the
current year.
The amendment further provides that the
amount to be hereafter raised by tax for municipal
purposes in any such city or county, in addition to provid¬
ing for principal and interest of existing debt, shall not in
subject.
the
aggregate exceed, in any year, 2 per cent of
As to cities and counties which
assessed valuation.
the
are
annual decrease is
enjoined at the rate of at least one per cent on the assessed
valuation, until the 10 per cent limit is reached.
This amendment is presumably applicable to any city so
as its population reaches
soon
100,000, which is now
nearly the case with Albany ; but at present it is applica¬
ble only to New York, Brooklyn and Buffalo.
It is yet
to be acted upon by the legislature to be chosen in Nov¬
ember next, and, after acceptance then, goes before the peo¬
ple. It is a useful step in a most desirable process of restric¬
tion ; but a lower limit of population would reach equally
well the largest cities, and why should the restriction not
apply to those of 10,000 population, of which there are 15
in the State, or to the 31 which have over 7,500 and owe
bonded debt over 215 millions? If the"necessity
on
exists and the principle is sound in case of the larger,
why not in case of the smaller ? The exception as to
water loans should not be extended beyond the largest
now
indebted above ten per cent, an
municipalities.
The expediency of some effectual restriction is plain
enough. It is universally true, collectively as well as
individually, that borrowed money is at once the most
unwisely expended and the hardest repaid. Nothing i*
more unpopular than an increase of taxation, but nothing
is more plausible than the ever-ready talk which persuade!
people that some particular scheme has the potency
working wonders in development; that it requires
money but only the assumption of a promise to be met m
the indefinite future; and that long before the money i*
needed the wonder-working improvement will have pro¬
vided it.
Precisely this misleading talk has been at thd
bottom of the “ assessment” improvements and debt whic
New York and Brooklyn have tested, to their cost. «
of
October
THE CHRONICLE.
8,1881.J
373
=3
in mass and individual, to give ear
to the suggestion to “ charge it,” and out of this fata
readiness to consent to what did not call for money down,
many unprofitable schemes and many extravagant expen¬
ditures have got a foothold, which would never have been
tolerated, or even attempted, had there been no such thing
as
THE DEBT STATEMENT FOR SEPT. 1881.
human nature,
ia in
The following is the official statement of the
public debt as it
appears from the books and Treasurer's returns at the close of
business on the last day of September, 1881:
INTEREST-BEARING DEBT.
Character
Author-
When
of Issue.
izing Act.
Payable.
borrowing.
The Illinois
constitution of 1870 imposed
a
5 per cent
limitation upon all municipal corporations, without regard
to their population, and required provision to be made, at
the time of incurring any debt, for its interest and for
payment of principal within 20 years. The proviso that
any debt incurred in excess shall be void was not added,
would seem to follow with sufficient directness from
the limitation itself.
An evasion having been attempted
in Chicago by the issue of certificates for temporary loans,
the highest court in the State interfered to prevent taxation
for meeting the certificates, inasmuch as no exception had
been made in favor of temporary debt, but the prohibition
was unqualified, that no municipality “ shall be allowed to
become indebted in any manner or for any purpose,” above
the limit. It is of course settled that the plea of ultra vires
or an excess of authority is always a good defense against
bonds, provided no authority to issue at all has been
conferred. The principal must b# bound by his agent, but
the agent must be his and the authority must have been
granted; it devolves upon the bond purchaser to know
these facts, and if he takes both for granted he is not an
but
6s
6s
5s
5s
of
of
of
of
1881*.
1881*.
1881*.
1881..
4^8 of 1891
4s of 1907..
July 17,’61
Mar. 3,’63
July 14,’70
July 14,’70
July 14,’70
July 14,’70
all existed, and the issuing
plea of ultra vires becomes
a different question.
For the Supreme Court, in the Kansas
case of Marcy vs. Oswego township, October term, 1875—
the first case involving this point—did go so far as to
overissue is
no
defense.
The bonds
were
regularly issued, attested and registered, and they set forth
in the “ recital” or statement contained in them that
they
were issued in pursuance of the
particular law authorizing
them, and further in pursuance of a popular vote taken ;
the dates and particulars were given so far, but the recital
omitted to state that the amount which the township could
issue
was
limited to
a sum on
which interest could be met
by a tax of one per cent.
Ordinarily, the purchaser need not look behind the
recital; ought he to have done so in this instance ? The
United States Circuit Court said yes, on the ground that
the bonds were a
single issue and that he could have
learned the facts on inquiry; the Supreme Court, by
Judge Strong, reversed this, holding that the recital
estopped the town from pleading overissue. But Judge
Miller, with whom two associates agreed, dissented
almost bitterly,
saying that the doctrine virtually
is that no limitations can be
maintained, that a
false recital of
power conferred has the effect of
creating a power not existing before, and that the plea of
innocent purchase is
expressly contradicted by the decision
in the
Floyd acceptances
wherein it was held that
inquiry as to an agent’s authority is incumbent upon the
purchaser, whether the paper is negotiable or the contrary.
We
cite
this
*pon the practical
ments
such
Registered.
June 30, ’81 J.&J.
June30, ’81 J.&J.
Coupon.
$127,597,200
case
case,
here
efficiency
for
of
its obvious
bearing
constitutional
amend¬
those
under
discussion.
Another
point should be mentioned in
passing : although the law
as
requires full valuations
at honest market
$
50,457,950
400,869,950
May 1, ’81 Q.-F.
May 1,’81 C[.-F.
Sept. 1, ’91 Q.-M.
July 1,1907
10,829,350
178,662,650
542,391,350
71,337,350
196,319,500
$1,310,808,450 $267,656,850
4s, ref ctfs. Feb. 26,’79
3s,navyp.fd July 23,’68
$63 6.9/sn
14,000,000
Aggregate of interest-bearing debt....
$1,593,102,250
*
Continued at 3^ per cent.
On the above issues of bonds there is a total of $2,143,883 interest
over-due and not yet called for. The total current accrued interest to
date is $11,931,505.
DEBT ON WHICH INTEREST HAS CEASED SINCE MATURITY.
There is a total of over-due debt yet outstanding, which has never
been presented for payment, of $10,039,595 principal and $764,590
interest. Of this interest, $594,091 is on the principal of oaUed bonds,
which principal is as follows: 5-20s of 1862, $371,800; do 1864,
$58,750; do 1865, $77,050;
consols of 1865, $438,350; do 1867,
$1,245,000; do 1868, $390,150; 10-40s of 1864, $550,550; funded loan
of 1881, $3,272,750; 3’s certs., $5,000.
DEBT BEARING NO INTEREST.
Character of Issue.
Authorising Act.
Amount.
Old demand notes.... July 17, ’61; Feb. 12, ’62
Feb. 25, ’62; July 11, 62; Mar. 3,’63
Legal-tender notes
Certificates of deposit June 8, ’72
Gold certificates
March 3, ’63
Silver certificates.... February 28,
’78
July 17, ’62; Mar. 3, ? g.. c aha 440
Fractional currency
’63; June 30, ’64 \
Less amt. est’d lost or destr’yed, act J’e 21,’79
8,375,934
|
ate of debt
10,040
e81,01#
8,315,000
5,248,920
64,149,910
7,098,500
bearing no interest.
$431,553,39
7,25
RECAPITULATION.
But when power to issue at
officers exceeded the limit, the
an
Inter st Periods.
Outstanding.
Unclaimed Pacific Railroad interest
innocent holder.
decide that
Amount
Amount
Interest.
Outstanding.
Interest-bearing debt —
Bonds at 6 per cent, continued at 3^..
Bonds
Bonds
Bonds
Bonds
at 5 per
$178,055,150
cent, continued at 3*2..
400.869,950
10.829,350
at 5 per cent
at 4^2 per cent
at 4 per cent
250;000,000
738,710,850
636,950
14,000,000
Refunding certificates
Navy pension fund
Total interest-bearing debt
Debt on which int.has ceas'd since maVrily
Debt bearing no interest—
Old demand and legal-tender notes....
Certificates of
$1,593,102,250
$14,075,38#
10,039,595
764,59#
346,741,056
8,315,000
69,398,830
7,098,506
deposit
Gold and silver certificates
Fractional currency
Total debt
bearing
no
$431,553,392
interest
Unclaimed Pacific Railroad interest
7,25#
$2,034,695,237
Total
Total debt,
$14,847,235
principal and interest, to date
Total cash in Treasury
$2,049,542,473
250,686,547
Debt, less cash in Treasury, Oct.
$1,798,855,925
1, 1881
Debt, less cash in Treasury. Sent. 1.
1881
Decrease of debt, during the nast month
1,816,339,567
$17,483,641
..
Decrease of debt since June 30,1881
41,742,88#
Current Liabilities—
Interest due and unpaid
Debt on which interest has ceased
Interest thereon
Gold and silver certificates
U. S. notes held for redemption of certificates of deposit.
Cash balance available Oct. 1,1881
$2,143,883
10,039,590
764,590
69,398,830
8,315,000
160.024,648
$250,686,547
Total
Available Assets—
Cash in the Treasury.
$250,686,547
BONDS ISSUED TO THE PACIFIC RAILWAY COMPANIES.
interest payable by the united states.
paid
Interest
Balance of
interest paint
Character of
Amount
Issue.
outstanding.
by JJ. S.
$25,885,120
$20,346,340
6,303,000
5,372,973
2,593,669
2,779,303
27,236,512
21,689,468
8,137,880
13,551,583
1,600,000
1,970,560
1,628,320
1,357,808
1,431,781
1,268,899
101,247
9,367
132.345
1,249,634
1,422,414
Central Pacific
Kansas Pacific
Union Pacific....
Central Br., U.P.
Western Pacific..
Sioux City & Pac.
..
..
Total
Interest
$64,623,512 $51,467,272
repaid by
transportat’n
by XT. 8.
$3,511,615 $16,186,453
1,136,553
$14,486,125 $36,325,947
The Pacific Railroad bonds are all issued under the acts of
July 1,
1862, and July 2,1864; they are registered bonds in the denomination*
of $1,000, $5,000 and $10,000; bear 6 per cent interest in currency,
payable January 1 and July 1, and mature 30 years from their date.
prices, for pur¬
taxation, notoriously the assessed valuations do
*jome
up to this. If, then, they should hereafter be
raised
more
nearly to line with the law, the 10 percent
UNITED STATES TREASURY STATEMENT.
^ Proposed would be set forward proportionately, and
The following statement, from the office of the Treasurer, for
m some
cases
(if any occur) where the popular desire to August, was issued this week. It is based upon the actual
rrow is interfered with
by the limit, may there not be a returns from Assistant Treasurers, depositaries and superintend¬
poses of
.
ndency to
raise the valuation for that
reason
?
ents of mints and assay
offices
:
376
THE CHRONICLE.
1, 1881.
LIABILITIES. OCTOBER
Post-office Department account
$3,582,731
Disbursing officers’ balances
Fund for redemption of notes of national banks “failed,” “ iu
liquidation,” and “reducing circulation”
22,278,303
Undistributed assets of failed national banks
Five per cent fund for redemption of national bank notes..
Fund for redemption of national bank gold notes
31,152.713
399,835
15,768,662
Currency and minor-coin redemption account
Fractional silver-coin redemption account
-
87,872
4,930
253,795
Interest account, Pacific Railroads and L. & P. Canal Co
Treasurer U. S., agent for paying interest on D. C. bonds
Treasurer's transfer checks and drafts outstanding
Treasurer’s general accountinterest due and unpaid
$9,538,247
Matured bonds and interest
3,004,205
Called bonds and interest
17,832,841
Old debt
796,488
Gold certificates
5,248,920
Silver certificates
61.149,910
Certificates of deposit
8,315,000
Balance, including bullion fund
394,817
7,358
6,059,700
co-operation thrive, and restrict the business of the shop¬
keeper. Cash payments or short credits are the leading prin¬
ciples upon which business is now conducted; and hence there
is reason to believe, more especially as the system has now
been
in operation for some years, and has, during that
period, been
developing itself, that the condition of our commerce is sound.
The value of money has been steadily declining
during the
week, and the best three months’ bank bills are now taken at 3
cent—or at one per cent below the Bank rate. The money
market is again, therefore, in a state of some
perplexity, and it
now remains to be seen if
anything will transpire to force up
the value of money in the open market, or whether the
directors of the Bank will long content themselves to remain
excluded from the discount market. At the present time there
are no indications of a reviving demand for gold
for exportation
per
142.501,208
Total Treasurer’s general account
Less unavailable funds
[Voi. xxxin.
$251,386,821
700,274— $250,686,547
the other hand, money is somewhat
and. consequently we
ASSETS, OCTOBER 1, 1881.
Gold coin
$76,610,269 can scarcely expect gold from Continental sources. Evidently,
Gold bullion
97,751,074
much necessity exists for caution, as a comparatively small
Standard silver dollars
66.092,667
Fractional silver coin
26,313,113 movement in
gold would necessitate a change. The directors
Silver bullion
2,632,184
of
the
Gold certificates
9,600
leading Continental banks will obviously adopt the usual
Silver certificates
11,559,730 means for
protecting the stores of gold that they possess, and
United States notes
27,130,132
National bank notes
4,452,854 the Bank of Belgium has this week advanced its rate to 4^
per
National bank gold notes
98,545
Fractional currency..
22,961 cent for that purpose. As long as there is no revival of the
Deposits held by national bank depositaries
13,412,848 American demand for
gold, the position of the market will
Nickel and minor coin.
556,423
New York and San Francisco exchange
1,512,000 probably remain as it is at present.
The possibility some time
One and two-year notes, <fcc
10
ago
of
the
Bank
of
England
of
Redeemed certificates of deposit, June 8,1872
rate
discount advancing to 5
210,000
Quarterly interest checks and coin coupons paid
176,420 per cent has undoubtedly had the effect of
restricting specula¬
Registered and unclaimed interest paid.
United States bonds and interest.
2,01'6,876 tive business, and hence the comparative ease which now pre¬
Interest on District of Columbia bonds
1,770 vails.
But speculators may begin to argue that the apprehen¬
Speaker’s certificates
116,916
Pacific Railroad interest paid.
900
sions of a five per cent rate of discount were altogether
$330,677,298 ill-founded, as results have so far proved, forgetting that it
was that apprehension which tended very strongly
to restrain
speculative
business
within
reasonable
limits,
and
to bring
Utonetarij gCiPowraetxial %uqUsU |4cius
about the present comparatively easy condition of the money
RATES OP EXCHANGE AT LONDON AND ON LONDOIS
market. Probably, however, there is only a lull in speculation,
AT LATEST DATES.
caused partly by money market uncertainties and partly by
EXCHANGE AT LONDON-Sept. 17.
EXCHA NGE ON LON DO N.
the activity of the holiday season. Such' a state of things will
Latest
not be permitted to last long, as there is plenty of money to
OnTime.
Pate.
Time.
Rate.
Date.
handle, and satisfactory profits are looked forward to. The
Short. 12-2^ 312-312
Amsterdam
Sent, 17 Short.
12-15
Amsterdam. 3 mos. 125
following are the present quotations for money :
@12-512
$330,677,298
on a
large scale, but,
dearer
on
on
the Continent than it is here,
*
..
.
.....
Antwerp....
Hamburg
4*
Berlin
Frankfort...
“
Copenhagen.
n
14
...
H
11
8t.Peters’ bg.
Short.
Paris...
Paris
3 mos.
<1
Vienna
41
Madrid
44
Cadiz
• 4
Genoa
4 4
Lisbon
Alexandria
New York...
60 days
Bombay..
Calcutta....
....
.
25*65
20-70
20-70
@25*70
@20-75
@20-75
20-70
18-45
@20-75
@11-48
@25-40
Sept,
.
Shanghai....
.
.
52i4@5218
Is.
Is.
7i3lfid.
7i3lsd.
....
....
iFrom our
own
25*38
20*50
20-50
2050
'yi
Short.
.
•
•
•
•
25-3412
25'361a
117-60
......
25-45
.
14 3 mos
17 Short,
17 4 mos.
17
44
'Sept. 17
44
iSept. 17
Sept.
Sept.
Sept.
Sept,
“
963g
4 8OI4
Is. 83|(jd.
Is. 83ai.
3s. 9d.
5s.
isgi.
correspondent.]
London, Saturday, Sept. 24, 1881.
A small
Per cent.
4
Bank rate
Open-market rates—
30 and 60 days’ bills.
*■
....
....
Hong Kong..
44
25*57i2@25"65
Sept. 17 3 mos.
ll-92i2@l 1-9712 Sept. 17 Short.
4?i4@47
4714 @47
20 60 @2610
Sept. 17 3 mos.
....
....
44
....
253e@25i4
25-30
17 Short.
17
44
17
17
Sept.
Sept.
Sept.
Sept.
Open market rates—
Percent.
4 months’ bank bills
6 mouths’ bank bills
3i4®3%
4 & 6 months’ trade bills,
3 months’ bills
Owing to the decline in the value of money in the open
market, the discount houses have found it necessary to lower
their rates of interest for
deposits. The customary rule is to
per cent under Bank rate for money at call; but with
an open market rate of discount of only 3 to 3%
per cent, it
was obvious that an allowance of 3 per cent for deposits
was
unremunerative. A reduction of from % to ?£ per cent has
therefore been made, viz., of % per cent on old deposits and
of ^ per cent on new. The present rates are now as under:
allow
one
Per cent.
2I2,®2%
2*2@2%
Joint-stock banks
Discount bouses at call
do
with notice of withdrawal
3
quantity of gold has at length arrived from the Con¬
Annexed
is
statement
a
tinent, notwithstanding that the Bank rate of discount has, for
showing the present position of the
some time past, been quite nominal, the quotation for three
Bank of England, the Bank rate of discount, the price of con¬
months’ bills having been for days only 3% per cent, and sols, the average quotation for English wheat, the price of
now only 3 per cent.
The import, however, has been a very middling upland cotton, of No. 40 mule twist, fair second
small one, and there is still no reason to believe that our quality, and the Bankers’ Clearing House return, compared
depleted supplies of gold are likely to be replenished. The with the three previous years.
1878.
1881.
1879.
1880.
general demand for money is upon a very moderate scale, not.
£
&
Circulation, excluding
&
2.
bank post bills
withstanding that there is increasing evidence of improving
26,054,590 26,624,530 27,725,940 20,592,086
4,674,065
6,003,043
5,401,873 6,629.864
trade. In metals there is a fair degree of activity, and the Public deposits
Other deposits
25,487,406 24,469,284 31,479,076 20.087,459
tendency of prices is still upwards. In the wool trade there is Governm’t securities. 14,557,649 15,377,851 16,336,224 13,754,031
Other securities
21,891,456 17,575,975 17,326,317 17,333,054
also a fair movement, and at the public sales of colonial prod¬ Res’ve of notes & coin. 13,005,138 16,699,077 22,374,587 12,254,265
uce, which are still iu progress, full prices are being obtained ; Coin and bullion in
both departments.. 23,309,728 28,323,607 35,100,527 23,846,345
but the cotton trade is in an unsettled state, owing to the Proportion of reserve
41-74
to liabilities
cornering” operations which have been recently carried on. Bank rate
5 p. c.
4 p. c.
2 p. c.
2*2 p. c.
94%
97 <8
97%
99i4
Taken as a whole, although no activity can be reported, the Consols
438.
2d.
54s.
5d.
42s.
lid.
47s.
4d.
Eug. wheat, av. price.
trade of the country is of moderate dimensions, and seems to Mid. Upland cotton...
63i6d.
7d.
73i6d.
6716d.
9^d.
10 %d.
lid.
9^.
be expanding, without adopting the principles advocated by No. 40 Mule twist—
fiear’g-bouse return. 125,277,000 111,139,000 69,752,000 71,120,000
the Fair Trade league. Progress, however, is slow, and compe¬
The following are the current rates for money at the princi¬
tition is great, while at the same time the economies which
pal foreign centres :
have been effected or enforced of late years are still being
Open
Bank
Banlc
Open
market
rate.
rate.
market.
practiced to the advantage of the large consuming class, which
Pr. ct.
Pr. ct.
Pr. ct.
Pr. ct.
as a rule pays dearly for most articles of
4
35s@3% Madrid & other
consumption. Retail Paris
5
4
3%
4Lj
Spanish cities
traders complain of the adverse effects of the co-operative Brussels
5*4
6
3
St. Petersburg...
2%
Amsterdam
4
5412
Geneva
412
Stores, and of the slackness of their own business; but as long Berlin
4
4
Genoa
5
412
Frankfort
3*2
3ifl
as they endeavor to secure abnormal profits, so long will Vienna
4
4
Copenhagen
“
*
..
...
October
THE CHRONICLE*
8, 1881.]
377
market has been quiet, and the price of fine bars during the first four weeks of the season, compared with the
ll-16d. per ounce. Mexican dollars are quoted at 50%d. corresponding period in the three previous seasons.
The silver
is 51
per ounce.
The report
gross
imports.
of the Grand Trunk Railway Company shows the
receipts for the half-year ended 30th June last amounted
£1,073,437, against £991,922 in the corresponding period of
1880. The working expenses reached £738,538, against £675,345 last year, being 68*8 per cent of the receipts. The net
to
available for the preference stocks, after payment of
all prior charges, is £146,651, out of which it is proposed to
distribute dividends at the rate of 5 per cent per annum on the
balance
second preference stock, leaving a balance of £8,122 to
be carried forward.
In reference to the issue of the new
ordinary stock in June last, it is stated that certain applicants
first and
withdrew or reduced
their subscriptions, and the amount
Wheat
1881.
1880.
,638,205
409,633
,277,826
43,487
7.540,094
206,275
115.902
!,729,418
4,314,876
899,206
834,966
cwt.
Barley
Oats
Peas
Beans
Indian
com.
Flour
2.5678—The
626,079
1878.
4,032,585
617,814
798,571
1,303,060
1,122,198
609,850
64,745
42,945
161,447
141,0<ft
130.073
1,856,156
720,712
3,028,159
417,646
EXPORTS.
Wheat
1881.
81,707
cwt-
Barley
Oats
Peas
Beans
Indian
1879.
6,522,308
1880.
4,202
1,097
4,097
4,308
35,853
com
Flour
10.809
1879.
1878.
85,829
1,032
5,461
117,561
205,882
920
903
5,006
7,272
3,861
9,715
1,681
312
18,074
13,599
182,567
13,646
14,902
7,731
1,950
1,4§8
,
ultimately allotted was £2,401,857, against a total offered for
EasIIsln Market Reports—Per Gable.
subscription of £2,500,000. The balance of £92,133 will not be
The daily closing quotations for securities, &c., at London,
allotted or sold before the 1st September, 1882, at less than the and for breadstuffs and provisions at Liverpool, are reported
issue price of £26.
by cable as follows for the week ending Oct. 7:
The whole of the dividends on British railway shares have
now been announced, and, with but few exceptions, the compar¬
London.
Sat.
Mon.
Tue8.
Thurs.
Wed.
Fri.
ison with last year is unfavorable. The heavy snowstorm in
51*«
Silver, per oz
51*8
d
511316 51l3i6 5178
517e
January was a heavy loss to the companies and it was never Consols for money
99*16
9Si616 98916 989ie
987i6
98**1®
Consols for account
9878
99*16
981Bie 9S9i6
98**16 98*5i®
recovered. This half-year’s returns show, up to the present Fr’ch rentes (in Paris) fr. 84*50
84-65
84-60
84-30
84-27*2
104 *i
8. 5s ext’n’d into 3*as 104*4
104
104
104*4
104*4
time, satisfactory results. The following figures relate to the U.
U. S. 4*28 of 1891
116%
L16*a
116*2
116*2
116*4
116*3
120
120
U. S. 4s of 1907
120
half-year ended June 30:
119%
119*4
119*4
Dividend
Dividend
for past
half-year at
the rate of
Brighton
Caledonian
Chatham preference
Glasgow & Southwestern....
Great Eastern
Great Northern
Do
“A”
Great Western
Lancashire & Yorkshire
for
Amount correspond'g Amount
carried half-year at carried
forward, the rate of forward.
3*4
£5,000
4%
3*a
3*4
26,000
33i
5
nil.
4
1
750
6,320
28,149
1,872
4*2
414
16,407
15,918
6,000
1*2
Metropolitan
Metropolitan District
1*4
214
Midland
North British
Northeastern
North Staffordshire
Northwestern
Sheffield
5*2
10,265
6,100
7*2
2
6*2
nil,.
3*2
Southeastern
Southwestern
now
5
5
6
1
8
26,869
1,163
43,373
2,600
43s
The harvest of cereals is
4
1
5*4
f»
2
£3 8s.
5
nil.
£6,400
11,000
553
6,627
21,477
1,963
28,220
11,417
5,900
386
12,946
4,200
48,527
3*4
2,551
6%
56,205
2,000
4,000
2
4
4,000
4%
in progress
,
8,000
13,937
in Scotland, but the
weather has been unfavorable, and slow progress has been
made. In the South the weather has been mild, and fair
has been made with agricultural work. The pastures
present a luxuriant appearance, and roots promise well. There
are, however, great complaints respecting the wheat crop, and
it is doubtful if farmers will be able to thresh freely, as the
produce is unfit at present for grinding. There is a very wide
range of prices, but just now farmers are clearing out the
most heavily damaged produce, there being very little hope
that millers would buy it at any price. We shall require a
large quantity of foreign produce during the season, of good
dry quality. The value of wheat has declined during the week,
but not to any important extent.
During the week ended September 17 the sales of home-grown
wheat in the 150 principal markets of England and Wales
amounted to 43,796 quarters, against 44,524 quarters last year
and 13,214 quarters in 1879; while it is computed that
they
were in the whole
kingdom 175,200 quarters, against 178,100 quar¬
ters and 52,860 quarters.
During the past four weeks the sales
in the 150
principal markets have been 111,175 quarters, against
101,534 quarters and 61,188 quarters, the estimate for the whole
kingdom being 444,700 quarters, against 406,150 quarters in
1880 and 245,000
quarters in 1879. Without reckoning the sup¬
plies of produce furnished ex-granary at the commencement of
the season, it is estimated that the
following quantities of wheat
and flour have been
placed on the British markets since harvest.
The/visible supply of wheat in the United States is also given:
progress
1880.
Imports of wheat. cwl
Imports
Sales
produce
4,032.585
417,646
1,726,600
1,060,600
3,499,700
7,461,511
10,121,660
8,303,620
7,949,931
92,516
99,428
132,463
213,613
7,371,995
10,022,232
8,171,157
7,736,318
53a* ld-
42s. 4d.
47fl. 101.
44*. 9J.
bush. 19,800,OOO
14,200,000
home-crow
DaiW31
AJeauct
exports
Wheat and flour
of
Pnce of Enelish
vShUafP1* ^easPn
f!6 supply of wheat
*t*theU. 8....
The
1878.
6,522,309
720,712
of flour
of
1879.
7,540,094
854,966
following
46
46
135*2
07*2
135*2
67*4
355s
37
37*2
147
146*2
46*a
Erie,
common stock
Illinois Central
136
Pennsylvania
Philadelphia & Reading.
New York Central
Sat.
Liverpool.
s.
“
**
“
Cal. white
**
Com, mix., West.
“
67
Mon.
145%
347®
143%
Wed.
Fri.
Thurs.
s.
d.
14
LI
10
11
11
6
9
3
9
3
1
3
15 0
11 4
10 10
11 4
11 1
6 3
d.
s.
15 0
11 4
10 10
11 4
11
1
6 3
15 0
11 4
10 10
11
4
11
1
6 3
15
11
0
80
0
30
80
0
80
6
0
9
0
50
97
61
59
80
50
97
61
59
U
10
11
11
6
6
0
0
new 60
51
97
62
60
s.
0
0
0
0
51
97
62
59
0
0
0
0
0
51
97
61
59
d.
8.
d.
0
3
10 10
8.
11
4
1
11
6
0
0
0
3
0
2*2
0
0
0
0
0
©umrasxxial and JISMscellanetrus
National Banks.—The
ized Oct. 1,1881:
following national banks were organ¬
first National Bank of Crookston, Minn. Authorized capital,
$50,000; paid-in capital, $50,000. Robert H. Baker, Presi¬
dent ; Ansel Bates, Cashier.
Second National Bauk of Columbia, Tenn. Authorized
capital, $50,000; paid-in capital, $36,000. R. A. Ogilvie,
President; Geo. Childress, Cashier.
Imports
and
Exports
for the
Week.—The imports of
last"
week, compared with those of the preceding week, show
decrease in both dry goods
The total imports were $9,402,591,
and general merchandise*
against $10,958,395 the pre¬
ceding week and $8,601,422 two weeks previous. The experts
for the week ended Oct. 4 amounted to $7,537,795. against
$8,953,660 last week and $8,345,639 two weeks previous. The
following are the imports at New York for the week ending
(for dry goods) Sept. 29 and for the week ending (for general
merchandise) Sept. 30; also totals since January 1:
a
FOREIGN IMPORTS AT NEW YORK.
For Week.
1878.
Total
1880.
1881.
$2,444,144
5,097,514
$1,705,132
5,919,693
4,613,227
$2,347,946
7,054,645
$7,194,502
$7,341,658
$6,318,359
$9,402,591
$1,274,809
Dry Goods
Gen’l mer’dise..
1879.
Since Jan. 1.
Dry Goods
Gen’l mer’dise..
$73,333,551 $102,182,257
160,660,895
173,962,229
278,276.174
$87,710,810
243,445,351
$221,908,380 $247,295,780 $380,458,431 $331,156,161
Total
report of the dry goods trade will be found the imports
dry goods for one week later.
The following is a statement of the exports (exclusive of
In
of
$61,247,485
onr
specie) from the port of New York to foreign ports for the
week ending Oct. 4, and from January 1 to date:
EXPORTS FROM NEW YORK FOR THE WEEK.
1878.
For the week...
Prev. reported..
$7,183,567
261,444,405
1879.
1880.
$9,420,382
$8,247,529
251,873,907
307,449,992
1881.
$7,537,795
292,390,192
,
17,366,000 12,589,400
Total s’ce Jan. 1 $268,627,972 $261,294,789 $315,697,521 *299,927,987
The
following table shows the exports and imports of specie
return shows the extent of the imports and at the port of New York for the week
exports of cereal produce into and from the United
Kingdom January 1,1881:
d.
67
66%
3478
35%.
Tues.
45*8
133%
9
3
9
3
1
3
Pork, West. mess.. # bbl. 80
Bacon, long clear, new..
Beef, pr. mess, new.fttc. 92
Lard, prime West. $ cwt. 62
Cheese, Am. choice,
44*2
134
ft.
Flour (cx. State..100 lb. 14
Wheat, No. 1, wh.
Spring, No. 2...
Winter, West., n
45*4
134*2
ending Oct. 1 and since
THE CHRONICLE
378
[vol. xxxui.
Exports of Provisions.
EXPORTS AKD IMPORTS OF SPBCIB AT NEW YORK.
The
Imports.
Exports.
Gold.
Week.
Since Jan. 1
$68,160 $1,012,231 $29,919,900
3,349,411
7,301,949
6,500
1,502,011
2,000
25,519
250,780
234.706
623,741
3,160
1,327,339
100,430
$11,900
Great Britain
France
Germany
West Indies
Mexico
South America
All other countries.
9,850
$411.796 $1,040,910 $14,275,131
2,151,023 3,216,858 30,218,544
2,055,738 4,491,141 37,928,416
$21,750
Total 1881.
Total 1880.
Total 1879.
3,40*6
Silver.
Great Britain
France
$315,765
Since Jan. 1
Week.
$7,924,090
$730
$210,425
4,363
20,065
60,389
677,603
83,650
120,609
Germany
West Indies
Mexico
10,204
South America
All other countries
1,055,153
24,337
5,025
140.218
29,796
500
19,757
Total 1881
Total 1880
$815,765
96,400
$8,192,686
3,762,250
$10,618
$2,1 r>3,64U
18,550
Total 1879
132.510
10.621,143
55,436
3,897,681
6,340,879
Of the above imports for the week in 1881, $26,119 were
American gold coin and $6,618 American silver coin. Of the
Exports for the same time, $5,000 were American gold coin.
Statement of the Comptroller
of the Currency, showing hy
States the amount of National Bank circulation issued, the
amount of
Legal Tender Notes deposited in the United States
Treasury to retire National Bank circulation, from June 20,1874,
to Oct. 1,1881, and amount remaining on deposit at latter date.
Legal-Tender Notes Deposited to
Retire National Bank Circula¬
tion since June 20, 1874.
Additional
circulation
and Ter¬ issued since
June 20,
ritories.
1874.
Legal Ten¬
ders
States
RedempVn
of Notes o)
LiquidaVg
Banks.
Maine...
1,506,180
643,165
N.Hampsh
Vermont..
Mass
Rh. Island
Conn
1,954,460
23,877,740
New York.
$
317,000
72,997
351,097
234.800
To
Retire
CircuVtion
under Act
of June 20,
1874.
764,700
55.800
1,753,040
9,680,700
on
De nosi t
with U. S.
Treasurer
at Date.
Total
Deposits.
1,081,700
128,797
2,104,137
9,915,500
1,442,235
270,632
26,769
775,802
1,606,021
316,037
-
32.350
65.350
1,409,885
3.731,030
3,796,380
1,486,112
27,752,065
2.615,835
16,105,650
277,275
1,957,310
457,000
1,079,500
2,616,578
467,603
1,311,226
30,520,580
2,563,137
12,135,171
33,137,158
3,030,740
13,446,397
7.377,896
1,154,669
5,357,396
W.V’ginia.
226,810
N.Carolina
8. Carolina
Georgia...
3,138,220
4,342,770
N. Jersey..
Penn
Delaware.
Maryland.
Dist. Col..
Virginia
Florida
..
166,600
1.718.380
1,884,980
77,622
432,664
530,060
962,724
919,369
1,036,010
731,060
386,685
1,235,660
180,700
128,200
1,147,585
1.187.380
520,350
330.925
437,675
1.955.379
1,117,745
1,275,785
1.187.380
768,600
100,179
279,781
147,339
216,414
165,854
102,201
90,000
170,100
260,100
81,740
72.000
...
Alabama..
207,000
Mississippi
236
Louisiana.
1.623.110
Texas
Arkansas.
489.600
Kentucky.
4,558,380
812,770
1,471,960
5.475.110
2,099,250
2,755,663
64,447
229,340
171,000
290,630
43,610
629,867
2,175,833
171,000
2,805,700
922,260
4,905,585
6,355,631
9,273,680
9.590,380
10,328
855,1209
151,162
674,350
171,000
Tennessee.
Missouri..
Ohio
Indiana...
Illinois....
Michigan
656,413
61,290
3,900,850
3,417,125
2,427,310
.
Wisconsin.
Iowa
Minnesota
Kansas
Nebraska.
Nevada...
Colorado..
Utah
Montana..
1,208,030
1.941.400
1.138.400
269,080
266,400
36,000
717,300
...
134.900
165.600
30,600
90,000
207,000
Wyoming.
N. Mexico.
Wash’ton.
Dakota
California.
370,401
551,859
1,043,450
1.704.597
3,862,135
1.414.597
1,884,334
536,800
680,860
858,669
554,495
781,721
45,000
4,651,034
7,859,083
7,706,046
3,237,475
1,259.589
1,760,615
1,883,445
316,550
449,980
147,225
161,191
111,700
1,098,271
494,890
149,400
196,800
81,000
296,625
357,991
221,648
1,748
18,723
13,143
192,700
62,127
90,000
90,000
71,360
3,813,675
119,834,715 19,910,429 107,958,352 131,682,456 31,830,924
Deposited prior to June 20,1874, and remaining at that date.
Statement of the
Comptroller of the Currency on Oct. 1,
1881, showing the amounts o'f National Bank Notes and of Legal
Tender Notes outstanding at the dates of the passage of the
Aits of June 20, 1874, January 14, 1875, and May 31, 1878,
together with the amounts outstanding at date, and the
Increase
or
decrease:
National Bank Notes—
Amount
Amount
outstanding June 20,1874
outstanding January 14, 1875
outstanding May 31,1878
Amount outstanding at date *
$349,894,182
Amount
Increase during the last month
Increase since Oct. 1, 1880
351,861,450
322,555,965
357,770,490
857,479
15,190,657
Legal Tender Notes—
Amount outstanding June 20, 1874
$382,000,000
Amount outstanding January 14, 1875
382,000,000
Amount retired under act of Jan. 14,1875, to May 31. '78
35,318,984
Amount outstanding on and since May 31, 1878
346,681,016
Amount on deposit with the U. 8. Treasurer to redeem
notes of insolvent and liquidating banks, and banks
retiring circulation under Act of June 20,1874
31,836,924
Decrease in deposit during the last month
431,321
Increase In deposit since Oct. 1,1880
11,473,641
*
Circulation of national
$080,450.
gold banks, not included in
bbls.
London
Liverpool....
Glasgow
Bristol
Hull
the above,
10
670
100
Beef,
Lard,
Bacon,
Cheese,
lbs.
lbs.
Tallow,
bbls.
lbs.
lbs.
450
82
150
404'000
115
115
120
56
65
5
200
..
Brazil.
Mexico
Central Am..
S. Am. ports
Cuba
Hayti
West Indies..
Brit.N.A. Col.
Other count’s
St. Domingo.
Total week
Prev’s week
..
.
....
•
54,600
165,000
129
9
3.348
3.112
3,725
3,414
1,803
2,698
4,790
20,482
20,662
243,198
242,550
50,988
63,818
31,917
12,166
8,129
24,870
2,749
3,502
370
5,151
6.720
2,657]
16,754
1,209
250
2,222
8,005.871 3,858,107
8,393.271 6,370,315
5,908,400
4,752,817
South Carolina Railroad.—A press dispatch from
ton, S. C., Oct. 6, says: “ In the United States Circuit
day exceptions to
34,426
4,058
2,732
1,879
2.799
4,100
....
886
141
820
411
31,584
7,370
103
241
54
80
485
• *■
1,94R300
18
189
951
216
*
676^500
....
58
400
204,644
52,100
30,660
154,320
65,940
>
99,000
.
Antwerp
Hamburg....
Rotterdam
Bremen
2361000
150
...
..
478,323
79,425
583,300
67,450
38,240
226,000
74,000
80,000
75
Br. ports
Havre
Marseilles
Bordeaux
197,125 1,602,960
6,526,761 1,599,859
209,000
1,778, 1,008,940
....
323,850
651,580
Charles¬
Court to¬
the confirmation of the sal a of the South
July last were submitted on behalf of J. H.
V. Cockcroft, of Connecticut, a holder of non-mortgage bonds of
the company, who claims that he and other creditors were dis¬
criminated against by the purchasing committee, who for
another set of creditors bougnt the road, and that the effect of
the action of the committee was to chill the bidding and cause
the road to sell at far less than its value. An affidavit was sub¬
mitted showing that George Parsons, of New York, who held a
Carolina Railroad in
judgment against the road, had directed his agents in Charles¬
ton to bid $6,000,000 for the road, if the judgment was not paid,
and that the judgment was then arranged for by the represent¬
atives of the purchasing committee. Counter affidavits were
submitted, ana after hearing the argument of the counsel for
Cockcroft, Judge Bond announced that he would to-morrow sign
an order confirming the sale of the road.”
—The Beliefonte car works will be offered for sale by auction
at the office of the works at Belief onte, Centre County, Pa., at
2 P. M., on Thursday, Oct. 27, 1881.
These works, which havs
a capacity of eight freight cars a day, occupy nearly nine
acres of ground, with three yard tracks, extending right into thn
buildings, are connected with the Pennsylvania Railroad, hav*
every facility and convenience for an extensive business, with a
reservation of nearly two acres of ground for future require¬
ments.
—The
Attention is directed to the advertisement.
seventy-second dividend of the Ontario Silver Mining
Co., amounting to $75,000, is payable at Wells, Fargo
on the 15th inst.
Transfer books close on the 10th.
& Co/*
BANKING AND FINANCIAL.
2,038,860
867.600
•Leg. tend.
*
1,940,419
2,619,284
2,437,940
Pork,
To—
BANKING DEPARTMENT.
2,831,329
1,761,933
1,333,035
544,885
486,743
779,747
269,840
265,500
...
Total
3.774,275
following are the exports of provisions from New lork
Boston, Baltimore, Philadelphia, Montreal, Portland and New
Orleans, for week ending Oct. 1, 1881, and their distribution:
Office
of FISK
Ac
HATCH,
No. 5 NASSAU STREET,
New York,
1881-
of inquiry as to the terms on which weof hanks, bankers, business firms and indiv¬
iduals, we issue this circular for the general information of those wb*
may desire to open accounts with a private banking house in this city.
We are prepared, on the terms mentioned below, to receive tht
accounts of responsible parties in good standing.
1. Except in ease of banks, savings banks, or other well-known corpor¬
ations, or of individuals or firms whose character and standing art
In answer to numerous letters
receive deposit accounts
already known to us, we require satisfactory
an
references before opening
account.
2. We allow interest at the rate of 3 per cent per annun on the average
monthly balances when the same amount to $1,000 or over. On ac¬
counts ; veraging less than $1,000 for the month we allow no interest.
3. We render accounts current, and credit interest as above, on the
last day of each month.
4. For parties keeping regular deposit accounts with us we collect
and oredit United States, railroad and other coupons and dividend*
payable in this city, without charge; make careful inquiries and give
the best information we can obtain respecting investments or other
matters of financial interest to them; and in general serve their interest*
in any way in which we can be of use to them in our line of business.
5. We do not discount or buy commercial paper, but are at all time*
prepared to make advances to customers and correspondents on U.
bonds or other first-class and marketable securities.
6. All deposits are subject to check at sight without notioe.
One of our firm is a member of the New York Stock Exchange, and
give particular attention to orders by mail, telegraph or in person
the purchase or sale of
We continue to buy
Bonds and Stocks
on
Commission
w*
for.
.
and sell direct, without commission, all issue*
and denominations of United States Bonds for immediate delivery at
current market rates, and make exchanges for National Banks in tn*
Banking Department at Washington, without trouble to them.
*
Our “ Memoranda Concerning Gov rnment Bonds” will be sent postpaid on application.
FISK &
HATCH.
October
8, lb»i.
THE CHRONICLE.
\
follows at the
places named: Savannah, buying, % off; selling,
off; New Orleans, commercial, 1@150 discount, bail
100 prem.; St. Louis, holiday; Chicago, 80@100 discount; Bos¬
ton, 25 premium.
Quotations for foreign exchange are as follows, the outside
j£he Bankers’ <§a*elle.
dividends;
The
folio wing dividends have recently been announced:
Name of Company.
Railroad*.
Boston Clin. Fitcli. <fc N.Bedf’d
Michigan
Dayton &
When
Books Closed,.
Payable.
(Days inclusive.)
3*2
20
5 Oct.
1
1
5
2
Sept.
30
$3
7 Oct.
15
1 to
4
Oct.
Oct.
4
Oct.
10 Oot.
4 to Oct.
*25
Oct.
13,Oct.
9 to
1%
2
1%
Lack. & West. (quar.)..
Housatonic pref. (quar.)
Nashua & Rochester
Raleigh & Gaston
Sioux City & Pacific pref
Utica & Black River
.*
Vermont & Massachusetts
Delaware
$2
1*2
3
West Jersey
October 7.
Prime bankers*
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
i.
pref. 'quar.)...
Do
Per
cent.
pf. $3 50
15 Oct.
10 to Oct.
17
1 Sept. 24 to Oct.
6
4 Sept. 24 to Oct.
6
6 to Oct. 15
*
In stock
YORK,
The Money
FRIDAY,
OCTOBER
7,
on
4
4
4
5
London.
Documentarv commercial
Paris (francs)
Amsterdam (guilders)
Frankfort or Bremen(reiclimarks)
4 82*434 83*2
4><1
81%
4 80*234 81
5 243835 21%
39 %3 40
78*43*4 79*2
77 ^4 77*2
76*23*4 77
28*8 3)5 26%
33 3s#
398s
93*2 3 93%
94*43
948s
irregular, with prices weak under the pressure in the
market. At the Treasury purchase, or rather redemp¬
tion, of 3% per cents on Monday, the offerings amounted to
$6,770,500, nearly all extended sixes, and the regular amount of
$2,000,000 was accepted.
money
9
The closing prices at the New York Board have been as follows:
of the Missouri Kansas & Texas Railway Company.
NEW
sterling bills
Prime commercial
Demand.
United States Bonds.—The government bond market has
Miscellaneous.
International Railway Imp. Co..
Sixty Days.
been
Insurance,
North River
379
18S1-5
Interest
Periods.
P. M.
Market and Financial Situation.—The
mone¬
tary situation has been the chief topic of discussion this week in
financial circles. Money on call has been scarce; the banks are
below their 25 per cent limit; and stock brokers have often been
obliged to pay a commission for their loans, in addition to 6 per
cent per annum.
In this condition of affairs the street has
looked for relief, as usual, to the Secretary of the Treasury, and
rarious rumors have been put afloat in regard to the probable
action of Mr. Windom.
There is very little difference of
Oct.
3.
Oct.
1.
6s, continued at 3*2.. J. & J. *100*2
5s, continued at 3*2-. Q.-Feb. x00*2
4*28,1891
reg. Q.-Mar. *113*2
4*28,1891
coup. Q.-Mar. *113*2
4s, 1907
reg. Q.-Jan. *11638
4s, 1907
coup. Q.-Jan. Xl63e
6s, cur’cy, 1895..reg. J. & J. *130
6s, cur’cy, 1896..reg. J.
6s, cur’cy, 1897..reg. J.
6s, cur’cy, 1898..reg. J.
6s, cur’oy, 1899..reg. J.
*
&
&
&
&
J. *131
J. "132
J. *333
J. *134
Oct.
4.
Oct.
5.
Oct.
6.
Oct.
7.
*100*2 *1003s *10038 1003s 100%
1003e 1003e 100
9978 100
113
*11338 113*4 113
*113*4
*11338 *113*4 *113*4 *112% *113*4
*116
116*8 116
115% 115%
116*8 11578 *116
*115*2 *115%
*130
*130
-130
*130
*130
*130*2 *130*2 *130*2 *130
*131
*131
*131
*132
*130% *130
*131
*133
*131*2 *131*2 *131
*132
*
133
*134
*132
*135
This Is the price bid at the morning board; no sale was made.
opinion among reasonable business men as to the proper
State and Railroad Bonds.—The speculative business in
to
be adopted by the United States Treasury in
making its disbursements, and nine out of ten whose State bonds has fallen off in consequence of the closer money
judgments are not warped by personal interest, would market, and to-day small sales took place of Virginia deferred
simply protect
with care at 17, North Carolina special tax 3d class at 9, Louisiana consols
say that the Treasury should
pi
the funds necessary to meet its regular obligations, including at 66, and Tennessees new at 69.
course
the reserve fund held against greenbacks, and beyond that
should act quickly in returning to the channels of business all
surplus
money
drawn into the Treasury in payment of customs,
internal revenue taxes, and other government dues. Now, as a
matter of fact, it appears from the statement of October 1 that
there is a larger balance on hand than would seem to be neces¬
sary, and this can be reduced in two ways—1. The Treasury can
oiler to redeem at sight, with interest to date, $10,000,000 or
more of the $20,000,000 bonds called for December 24.
2. The
.
Railroad bonds are generally lower, in sympathy with stocks,
and from the sales made by holders, who now require money and
are
selling their securities to raise it.
Messrs. A. H. Muller & Son sold the
Shares.
265 Bk. of Manliat. Co.13714-140
50 Cent. Park N. & E. R. RR.125*2
20
Metropolitan Gaslight.. .152*2
25 Metropolitan Gaslight ...153*2
15 Star Fire Insurance
104
10 Hoffman Fire Insurance. 60
following at auction:
Bonds.
$1,000 N. Y. Cdy Accumu¬
lated Debt 7 pr. ct Boud
due 1H88
116 and int.
$16,400 N. Y. City Additional
Croton Water 7 per cent
Stock, due 1891
120*4 & int.
weekly purchases of bonds might be increased beyond $2,000,Bonds.
$14,000 Tol. Delphos & Burl.
000. If Mr. Windom can clearly see that his Treasury balance
RR. 1st mortgage bonds.
$1,000 N. Y. City 7 per cent
warrants it, we should think that he would feel bound to adopt
Dock Bond, due 1902.130 & int.
(Hypothecated)
75
one or the other of these courses, in justice to the business inter¬
Railroad and Miscellaneous Stocks.—There has been an
ests of the country, and also to do this as a distinct annuncia¬ unmistakable
tightness in the money market this week, and
tion of the plain policy of disbursing surplus money hereafter
although
it
is
freely
charged that some of the bears in stocks
as
rapidly as it begins to accumulate in the Treasury.
have assisted in forcing this stringency, it is plain that the low
The money market has been stringent for call loans, and condition of the bank reserves has enabled them to do so. But
throughout the week commissions have at times been paid by as to the effect on stocks, it is probable that the future prospect
stock borrowers of 1-32 to % per cent, in addition to the legal of the
money market during the next three months may have
rate of 6 per cent per annum.
On government bond collateral had quite as much influence as the present stringency. Th#
money has been in better supply, and the usual rate has been 5 demand for money is very large, ana one item which is often
per cent, with exceptions at 6. Commercial paper moves more everlooked altogether in discussing the situation is the large
slowly, and the nominal quotation is 6@6% per cent.
amount of money to be called up at stated intervals during the
The Bank of England statement on Thursday showed a de¬ next six months on
subscriptions already made to railroad loans
crease for the week of £1,374,000 in
specie, owing mainly to or the stock of construction companies. If the information could
withdrawals for shipment to Egypt, and the percentage of be obtained, an
interesting statement might be made of the calls
reserve to liabilities was down to 30 3-16,
against 41% last week; maturing hereafter,with the respective dates and amounts thereof.
the discount rate was advanced to 5
per cent from 4, the previous Taking the most favorable view of the possible Treasury dis¬
figure. The Bank of France showed a decrease of 9,600,000 bursements, let us suppose that Mr. Windom offers to pay on
francs, but the proportion of gold and silver is not specified in presentation $10,000,000 of the bonds called for December 24.
the usual way. The Bank of
Germany has advanced its dis¬ As the interest on the bonds would not cease till the data
count rate to 5% per
cent, and the Bank of Holland has also named, would enough of them come in to relieve the market ?
again advanced its rate % of 1 per cent.
On the other hand, if he should offer to increase his weekly
The last statement of the New York
City Clearing-House takings and should redeem, say, $3,000,000 per week from now
banks, issued October 1, again showed a decline in the reserve till the end of November, would this be sufficient to ease the
below the legal 25 per cent limit, there
being a deficiency of market ? The disbursements in the latter case would certainly
$2,756,025, against a surplus of $1,462,275 the previous week, add largely to the supply of money, or, rather, they would go
a difference of
$4,218,300.
far to counteract the effect of the payments into the Treasury.
The following table shows the
The general weakness in the stock market has not been
changes from the previous week
due alone to the money pressure, but has been helped by
the outlook in other respects, which in some particulars has
1881.
1880.
1879.
Differences fr'm
been quite unfavorable.
Oct. 1.
Oct. 2.
Oct. 4.
The attitude of Mr. Vanderbilt in
previous week.
the trunk line freight war is anything but promising for a
Loans and dis. $330,497,400 Doc
$2,174,900 $309,323,600 $266,364,300
Specie
speedy cessation of hostilities, and the choking up of th#
20 149,100
59,643,200 Dec. 5,341,200
65,256,300
Circulation...
19,859.100 Inc.
18,636.700
21,932,400 grain trade in the West, by the maintenance of speculative
93,900
«et deposits.
308,518,100 Dec. 5,799,200 295,611,400 231,920,700 prices, is another difficulty that is exciting much comment.
Legal tender*.
14,730,300 Dec.
38,093,500 Chicago is so stuffed with grain that there is little room for
326,900
13,046,300
Legal reserve. $77,129,525 Dec.$l,449,800 $73,902,850 $57,980,175 more; the Rock Island road has
given notice to shippers on its
Reserve held.
74,373,500 Doc. 5,668,100
78,302,600
58,242,600 line that no more could be taken for Chicago ; boats on the lake
8urplus
df.$ 2,756.025' Dec.$4.218.300
$4,399,750
$262,425 offered to carry to Buffalo at %c. a bushel for ballast, but no
shippers could be found, as Chicago prices were too high.
In Philadelphia & Reading affairs the principal development
pmi
Exchange.—Exchange has been dull and rates are again
l0Wer> 80 that moderate shipments of specie have been made has been the actual registering (to Thursday
25,(
lay nigh
night)
of
25,000
irom
Europe. The export of breaclstuffs is very moderate, and shares in Mr. Vanderbilt’s name.
Dills from this source are
limited. To-day the actual rates for
The appointment of Mr. John M. Douglass as receiver of the
Ohio
& Mississippi Railroad, in place of Mr. John King, Jr., is
Jo??torbankers’ 60-dav sterling were 4 78 to 4 79, and 4 82%@
*od
demand; cable transfers are 4 83%@4 84 and prime com- said to be a compromise between the Baltimore & Ohio party and
.mereial
...
,
bills 4 76%@4 77.
KoS??ge are
ftua
id;K/mar^s»
aa
The actual
rates
for continental
follows: Francs, 5 27%@5’26% and 5’23%@
and 4)4%@%; and guilders, 39%@%
dd5/Q@%.
In domestic bills
New York exchange was quoted to-day as
their opponents.
The elevated railroad stocks are yet unsettled, without a de¬
cision as to the status of the companies; but to-day Manhattan
is much stronger, on rumors that the receivers’ certificates will
be taken.
THE CHRONICLE.
3S0
[VoL. XXXIII,
RANGE IN PRICES AT THE N. Y. STOCK EXCHANGE FOR THE
DAILY
HIGHEST
AND
For Full
PRICES.
LOWEST
Sales of
STOCKS.
Saturday,
Oct. 1.
Monday,
Tuesday,
3.
Oct.
•
Oct.
4.
64
64
WednesdayOct.
WEEK, AND SINCE JAN. 1.
Friday,
Oct. 7.
Thursday,
6.
Oct.
5.
the Week,
Shares.
RAILROADS.
63 %
79
6a %
79
*75
63
95 %
95 %
29
94
94
29
40 *4
31*4
130*2 130*2
31
Chicago <ft Alton
130
59%
79
63%
24
24
37*2
37*2
94%
94%
*75
63%
91%
94*2
93%
92%
28*2
39%
30%
40*4
1st pref
2d pref
-
79
-
Chesapeake & Ohio
92%
92*2
28*2
28%
40
40
*30
128
30*2
130%
92%
92%
28%
90%
91
28
39
159*4 160
......
......
TTaTmihal
St .Toflftnh
pref
Do
Harlem
101% 103*2
15*6
28*2
15*2
29*6
200
117
230
*100
115
*215
130*4 131*8
46
46
47*2
48*2
1122% 125*8
T^mg Island
I^mTsiana A Missonri River
"Dp
pref
(Jhir,
128% 128%
153% 156
152% 154
153% 155%
97*2
135i*i 135*0
20
95
98%
*39*2
20% 20%
*
20%
*84
15
23
87
*1 on
200
87
15%
28*2
15*4
28*2
*1 no
90ft
15%
14%
28
27
230
*
129*2
43*4
i'30*4
44*2
*90
44*2
89% 89%
129% 130%
44
44%
50
42
47%
*210
82
......
......
78% 78%
38% 40%
100% 101%
45 % 46
89%
*135
19
87
15
28
122
122
80
*78%
40
..
pref.
Fngljvnrf
101% 102
14%
13%
26
27
*ion
200
45 *«
94%
90 %
70
69%
17%
20*4
18
20%
87
92 --*8
517s
16
19*2
21%
20%
93%
69%
21%
24
24
22
22
16
16
77
87
85%
90*6
91%
50
51
88
49
39%
40*2
39%
86
77
1043a 105*o
37%
140*2 141%
114
119
43*2 44%
86
87*2
181
181
32
32%
31%
32%
56%
58
39*8
793s
27*8
46*8
56
56%
39%
39*4
.
78%
Ohio Central
Ohio A Mississippi
27*2
44
86%
91%
51
* * prsf
Ohio Southern
T
7s
40*2
7134
41*4
74*4
: 141 '
*
140
118% 119%
92%
90%
21%
22%
23
23
16
16
93*4
91%
28*2
28*2
32*4
33
*
54
*90
*44*2
74*2
94
46
74*2
107% 1073b
39
78*6
26%
44
89
47 *-■
25%
9
10
46%
75
84%
88*4
47
84%
»?%
46%
88
89
47
36%
38%
37 %
75
84
86
37*2
104% 105 %
30*2 36%
84
140
112
43*2
36
84
80
138
110
141%
116%
44%
102
103%
36
34%
34%
82
79
79
50%
52%
118*2 120*4
Do
pref.
MISCELL ANEO US.
American District Telegraph
Delaware A Hudson Canal*
New York A Texas Land
103%
38%
105
34%
34%
~
«1
81
139%
135% 138%
111
110
43%
86
86
110%
41% 43*4
84% 85%
180
31
31
32*4
53
53%
36%
76%
38
53%
37%
77*4
37%
78
26
26*?
42%
43
30%
31*6
31%
30
31*8
56
57
39
64
79%
26%
44%
77
-56
39
78%
25% 26%
41% 43
106
106
25
77%
25%
41%
43
38%
78%
26%
42
25
39
40*2
73*2
74%
49%
89*4
50%
91%
56
56
107% 109%
*45
Central Arizona
*36
39*2
71*2
40
37%
39
74%
68%
72%
36 %
66
38
69%
30
the
24
39
37 "
63
69%
138
138
51
45
*73*o
51
45
74*2
108*4 108*4
103
49*2
51%
25
25
117% 119*6
48%
88
44*2
72*2
45
73
42%
69
44%
72
106%
106% 107%
105
102% 104
109 So 1023*
50%
51%
ox
94.
49%
89*2
48%
49%
88%
89%
53
91
44
71
91
102 *o 1025a
102
45%
42%
67%
105% 105% 106%
48%
116% 118*4
46%
86%
48%
47%
86%
52
90
41
68%
90
40
66
104
50%
47%
117% 118%
118% 119
28
29
30
88%
102
47%
48%
23%
23%
119%
118
48%
47%
48%
88
88
Tin
89
107% 108
46%
160
49%
160
107% 108%
*43
160
50%
49*8
46%
45
90 U
June 18
May 14
May 14
May 14
63
15
97%
25%
17
27%
Jan.
5
Tan
7
*59
*22
160
50*6
59
59
22%
22%
39%
22*2
39%
107%
77
4 131
13
Sept.22
26
Oct.
A
11 rr
21
6
33
17 17ft
Aug.
Ang.
155
106% 107%
★
22%
39*2
107% 107%
A
li v
130^
ft3
Ua
68% 110%
61%
60
86%
83
,
17
9.9.
Feb. 26 121
8 250
Jau.
94
14.
Inn
41
Jan.
10
4
4
6
Sept.17 63% 105
May 23 158 200
1 Ofi
T ii lift 11
49% 91%
146% May 21 99% 127%
57 % May 19
9
20%
56
Jan. 27 25
43%
65%June 2 20% 42%
135% Jan. 20 95
139%
20
24
174
109
46% Feb. 14
77
30
21
2,4
15
30
3%
2%
Feb 2l
16*-> Jan. 26 38
49 ” Tim Pi 99
79
Feb. 25 110% May 18
1 1 7 io .Trnift 1 1
15*4 Aug.
9
ftQSc! AT a v 20
41
6,050
77% Sept, 5 126 Feb. 14
86
Oct.
6 126% Jan. 20
49
"IVTar 99 64 % .Thtip 2
Qpfc
ft
4
J anJan.
7
Feb. 18
Mn.v 90
May 2
May 21
29*8
ftQ
83
75
llo
r
G
28*8
54
el). 60 101
57%
50
18
12%
43
"
121
130%
Mnv 97
May 21
85
Jan. 28 114% June 14
18*4 Feb. 26 39%June23
36% Oct.
J line
12
u
100
49%
29*4
L6o
Mar. 21 47% 128
6 102
49,720 135% Oct.
6 155 Jan. 3 122 155%
21,357
96
127%
Aug. 25 130% Feb. 15 109
165,050
51*8
41% July 26 52% Jan. 15 30
93%
5,300 80% July 27 95 Jan. 10 47
60
May 10 84*8 June 11
180
209 1 AAIa Afar 9^
32%
42,712 27% Aug. 22 43% Feb. 2 20
85 \
70
23% Julv 14 26
Au"
2
ft3
9,500
Ang. 26 70
May 26
36
Mar. 17
20
13,945
32% Jan. 13 51
39,296
64*8 Jan. 25 88*8 June 24 39% 67%
'28*7,200
23% Jan.
5 37% May 21 14
5.800
63
14,395
3ft
300
7,515
109,950
450
300
400
100
4,000
2,985
2,185
Jan.
A ncr. 22
60
Sept, «
May 2l
97% Jan. 8 126
23
Aug. 26 37% June 10
27 *4
50
127
130
”June24
44%
57% 102
23
168
225
28%
57% June 22 18
Feb. 25 74% Oct.
4 13% 72%
129Jan. 19 142
May 17 112
129
June 10 111
7 146
Jan.
Jan.
4
25% Aug. 26 '50 June 18
25
Apr. 1 50% June 3
39
Feb. 28 77% May 12
86
July 19 143% May 25
39
61
90
26
70
19 % 35
42
15
42% 112
25*4 48
65
33
100
60
40
25
79%
50
88
67
June 14
Mar. 24 55
Jan.
4 81*4 June 3
Feb. 25 115% June29
Feb. 9 42 % May 4
Mar. 8 89 % May 25
88% Jan. 7 107
July 9
43% July 16 44% July 16
47%
73%
June 14 30
41% Jan.
4
300
23
Mar. 10 38
May 13
113%
158,986 105% Feb. 25 131% July 2 80
186
May 14 191% Aug.24 157% 180
39
Feb. 25 60 "June30 26% 48
48,243
42,783 77 Feb. 25 96 *4 May 16 51*4
1,720
68,164
17,980
49%
1%
83
1%
138
*90
70
130
47% 48%
82%
85%
84%
49%
*19
20
2%
2%
*36
13
22*2
39%
*22%
47%
49*4
*2%
20
3
tr
36%
13
*36
*13
prices hid and asked—no sale was made at the Eoard.
84%
5,400
192,877
200
83%
2
*1%
6%
48%
51
*2%
3
*24
2b
*38
36%
14
*13
14
57
39
2
6
6
25
25
102
57
*21
38%
21%
38%
*1%
2
*6
6*4
Jan.
766
235
51% Jan.
112
Jan.
200
85
500
200
800
2 000
60
35
31
5 141% Aug. 13 106% 681
65
6 94 Oct. 1 54
22
June 11 42
4 75
115%
June 18 100
4 142
May 23
Jan.
3
Apr. 19
15% July 15
l%Jan.
5
%Jan. 4
24
Aug. 2b
33% Jan. 10
12% Sept. 7
53
Jan.
5
21
25
Aug. 6
Apr. 27
1 % July 25
1 (1
Jnnr 1
150
300
......
120
62% Jan.
5,860
'
81
June29 74% Feb. 12 50
92%
89% Jan. 4 115*4 Mar. 7 60
30
30
Jan. 15 49
Aug. 2 25
147
135
.Tan.
3 190
Feb. 21 102
62
45% Jan. 4 62*4 Feb. 18 27%
Jan.
3 107% 146
130
Sept.30 151
4%
%
2 % Apr. 13
1
Feb.
5
77
Apr. 19 94 June20
46
1,063
19
......
......
1,800
29,525
36%
22% *x21% 21%
38 %
*5%
48*4
138
138
137% 139
138
91*4
90
90% *90
92%
*69
70% *69% 71
70
130%
130
*129% 130% *129
49
37
14
59
48%
156
48%
*l7a
......
124%
ftO
Sftnf 1 1
2,700
'700
99
4
6
9
6
48,075
37,000
183%
87*8
Aug. 22 113*4 June 7r
70
3,400
159%
i«n *
66% 114%
a
900
88.521
i
36*1
99%
Afaxr 9±
Mar.
OO
48
'
*36
*13
60
*5*2
o
117
Jan. 19
300
800
52
★
a/
16
*
52
107
‘
are
57,900
30
28
28
36*2
Mining
Deadwood Mining
Excelsior Mining
New Central Coal
Silver Clift" Mining
49,940
42
to
Standard Consol.
Cameron Coal
54%
Feb. 17
150
47
160
160
49% 51
Ontario Silver Mining
~pref
Mining
37%
24
Pullman Palace Car
Sntro Tunnel
1*2
1%
1*2
1*2
1*2
1 *2
West.Unlon Tel., ex-certificates
85*2 86%
85% 86%
85*2 86%
EXPRESS.
Adams
138
138
*137
139
*137
<137
American
94
94
92
92
93% 93*2
United States.
70
70
70
71
*70
72
132
132
131
131
*131
Wells, Fargo A Co
COAL AND MINING.
American Coal
Colorado Coal A Iron
50*2 51
50% 52
Consolidation Coal
Homestake Mining
20
*19
*19
20
Little Pittsburg Mining
3
2%
2%
*2%
*
3
Mariposa Land~A Mining
Do
Jan.
23,100
38% Jan.
177,850 117% Oct.
Q ~ A
136% 138%
109% 110%
42% 43%
85% 85%
6\}
9*
„
..
Oregon Railway A Nav. Co
Pacific Mail../.
Quicksilver Mining
100
100
Oi)U
42%
*
1 7ft
79*2
27%
44%
25
103
Texas A Paciflo
Rurlington
/_
Ucited Companies of N. J
Wabash St. Louis APacific
Mav 19
214,462 107
80
99,875
500
22%
81%
90
Alnv 93
131*8 Feb. 26 147% Jan. 17 104
146%
129
Feb. 26 148% May 21 100% 204
40
Jan.
4
22
88
48
May 23
36% Aug. 22 51 Jan. 22
91
Feb. 25 109% Jan. 24
41% Feb. 1 08% .Timft 92
81
Feb. 25 101% May 23 61
96%
M«.v 10 106% 129 li
127% Jan 29 149
9% 25%
18% Aug. 20 32 % May 20
01
Veh 90
1,300
Jan.
4
12,270 124
3.1 % A n g-18
3,000
140
Toledo Delnhos A
Union Pacific
11,059
Feb. 25 136
280
Panama
Peoria Decatur A Evansville...
..
5,966
22,855
28,574
117
250
85%
39%
102% 104%
40%
Do
.
55,400
2,010
129*4 130%
pref
Rome Watertown A Ogdensb’g
St. Louis Alton A Terre Haute!!
Do
pref.
St. Louis A San Francisco
Do
pref.
Do
1st pref.
St. Paul A Duluth
Do
pref
St. Paul Mlnneap. A Manitoba.
Scioto Valley... T
Mur 9.3 1ft3
197
117% 118%
76
75
84
87
46*2
Aft
5
12,900
43
42
18j
113*4 114*4
84
128% 129
42% 43
41%
70
85;*4
91%
50*2
43
80*«
1 A
72,183 101% Feb. 25 129*4 June 6
700 117
Feb. 25 140
May 26
220
84
50
40
May 26
Jan". 14
3ftO
112% 113%
★
90
90
12,428 147% Sept. 2 132% Jan. 17 113
90
Apr. 21 95
May 17
17,280
1,550
__
92%
78
220
87
01
,
250
15
14%
120
37
82% Jan. 4 112
103,370
80% Feb. 25 102%
2,480 20% Jan. 19 33%
1,265
32% Jan. 12 48%
800
23
Jan. 25 36%
1,652 127
Aug. 20 156
6,150
84 %
87
AT-iv 1 0 1 on
31
High
71 lo Tnlv 1 ^
67.100
700
93%
140
19% 20
50
94%
78
200
42
70*«
180*4 181
..
Philadelphia A Reading
Pittsburg Ft. Wayne &Chic
Rensselaer A Saratoga
"Ri eh .A. All egh
sfeek fm St otfs
Rochester A Pittsburg
Jan
Feb
500
40%
Ur
Norfolk A Western
Do
pref
Northern Pacific ..*
Do
*
pref
These
110%
91
140
92
138
20
★
120% 122% 119% 121% 117% 119%
*36
New York Lake Erie A West..
*
109
120% 123% 122% 124
135
132% 133% 135
131% 132% 132% 133%
128% 129%
93%
70%
84*2 85
141*2 142*2
110*4 119
437a 45
85*4 87
A St. L.
Do
*28
......
112% 114%
96 *2
70
40*2 41%
105*8 106*4
New York Ontario A Western
16
31
GO
*
Mon is & t<ss0x..................
Nflw York A Yew
69
58
500
100
ft 3
"Milwaukee A Northern
Missouri Kansas A Texas
Missouri Pacific
Mobile A Ohio
Do
20%
19%
113*2 116
114*4 115%
16
Cincinnati, 1st pref.
2d pref
Memphis A. Charleston
Metropolitan Elevated
Michigan Central
Milwaukee L. Hh. A West., pref
Nashville Chattanooga
38
31
38
108% 109%
100
101%
45% 45%
89*2 94
100% 102%
94
70
Marietta A
Do
New York Central A Hudson
New York Elevated
19,500
1 7ft
T
Louisville A Nashville
T<»nisville New A lbany A
Manhattan
"Manhattan Rpfvr.h f’n
97
*
pref
.
29
39
31
*28
127
39
27%
123%
126*4 127*8 125% 126% 124% 126*8 xl21 123% 120% 122% 122
81% 83%
83*2 86H>
80% 82%
83*4 85*2
83% 85
81% 84%
*
Illinois Central
Indiana Bloom’n A West., new.
"Keokuk A Ties "Moines
Do
Lake Erie A Western
Lake Shore
92%
.......
103% 105*6
East Tennessee Va. & Ga
Do
pref..
Georgia RR. A Ranking Co
90%
92%
93%
91*4
92%
Low.
Feb!-
14.0
157*2 159*4
Cincinnati Sandusky A Clev....
97*2 98*4
Cleveland Col. Cin. «fc Ind
*135
140
Cleveland A Pittsburg guar
21
21
Columbus Chic. A Indl Central.
Delaware Lackawanna A West.
Denver A Rio Grande
Dnbnnrie A Sirnir City
91%
29*2 30
127% 127%
40
......
pref.
89%
5 1
Jan
26
Feb. 24
Oct.
6
200
60
58%
21
27
38
*29
127
28*2
156% 157%
Chicago <fe Eastern Illinois
111*4
112*4
110*2
111%
110%
111% 108*2 110*6
Chicago Milwaukee <ft St. Paul.
Do
pref. 124*2 124*2 124 124*2 124*2 124*2
125
124% 122*6 124%
126*4 124% 125% 124
Chicago A Northwestern
*134
135% 132% 134
Do
pref... 136*6 136*a 134 135
133%
Xl34% 35% 133
134% 133% 134% 132
Chicago Rock Isl. A Pacific
80
80
80
80
*76
79
*78
80
Chicago St. L. A New Orleans..
41
42*2
42%
41%
4334
41*6
38% 40%
Chicago St. Paul Minn. A Om..
Do
78
59%
58
21
60%
58%
31
129
*75
79
*75
Highest.
200
*131
*138
Chicago Burlington & Quincy..
66 %j
66 %
37
&. 'Western
Burlington Cedar Rapids <fc No.
Do
Do
Lowest.
120
Ruffiftlrt Pittuhnrg
Canada Southern
Cedar Falls dfc MiTU<pHn^ACentral lewa
Central of New Jersey
Central Pacific
Range Since Jan. 1, 1881. Year
1880.
5% Sept.17
•1
June 8
25
Oct.
6
3*4 Jan. 11
t Lowest price is ex dividend.
65
May 23
67
June 7
43
Jan. 15
29*4 Jan. 4
8*4 Feb. 7
9
Apr. 22
EnLaJj 6
i
38% June 10
21*4 July 7
75% July 7
Feb. 17
27
45% May 26
Feb. 14
7
20
June 3
14
Jan.
3
7
Jan.
8
35*4 Feb. 9
7
Apr. 13
55
19%
55
42%
28
26
39
1%
2%
i n
30
9
45
20
39%
30*8
4%
27
39%
24%
78*fl
34
2
23
11%
6
20
2*4
70
25 j.
25 ^
3?%
V
October
THE
8,1881. j
381
CHRONICLE’
quotations of state and railroad
bonds
and miscellaneous securities.
STATE
BONDS.
103
117
6s, 1883
7s, 1890
to^small—
L3O0
Class A, 2
Class B, 5s,
Class C, 4s,
Missouri—
1906
G^10-20s, 1900
38
30
tS&SSHffc
gSB-tiSSS
a 2rfi.cT»iw'
Connecticut-^6s,fi18o3
4..
Do
20
do
New York08, gold, reg.,
113
6s,
6s,
6s,
6s,
6s,
affimw"::::
7s, gold, 1890.
Louislanar7s, consol., 1914
7s, small
102*
6s, due 1882 or 1883
6s, due 1886
6s, due 1887
.
6s, due 1888
6s, duo 1889 or 1890
Asyl’m or Univ., due *92
Funding, 1894-’95
Hannibal & St. Jo., ’88.
110
67
112
Do
Do
gold, coup., 1887
loan, 1883
i*03*
loan, 1891
loan, 1892
loan, 1893
120
121
Rhode Island-
Railroad Bonds.
Atfc&Pao.-l8t,6s,1910
Fl’t&P.
Bftlt&O.—1st, 6s, Prk.Br.
Bor.
E.-lst mort
Ced. R.&
.
No.—1st, 5s
Gal.Har.A S. Ant’o—1st,6s
100*2 101
1st, La Gr. Ext., 6s,1910
2d mort., 7s, 1904
Gulf Col. & S. Fe—7s, 1909
Han. & St. Jos.—8s, conv.
120
Minn.&St. L.-lst.7s,gu
Iowa C.& West.—1st,7s
>
C.Rap.Ia.F.& N—lst.Gs i*12*'
7s, 99
106
Cheasp.&O.-Pur.m’vfd.
Income
7s, 1883
Sinking fund, 6s,
54 34
124
100
112
1903..
& Chicago—1st m.
Joliet
99
85 *2
57
*84*4
1*1*7*
St. L. Jack.* Ch.—1st m,
1st, guar. (564), 7s, ’94
2dm. (360), 7s, 1898..
2d, guar. (188), 7s, ’98.
Miss.R.Br’go—lst.s.f. 6s
C. B.&Q.—8p.c., lstrn.,’83
Cousol mort., 7s, 1903..
5s, sinking fund, 1901..
C. R.I.& P.-6s,coup.,1917
6s, 1917, registered
Keo.&DoaM.—1st, g.,5s
103
*
119
118*2
Hol2
113
114*4
116*2 118
Central of N.J.-lstm.,’90
assented, ’99
Conv., assented, 1902...
Adjustment, 7s, 1903...
Len.&W B.—Con.g’d.as.
1st consol.,
IO934 109 7b
110=4
134
Am. Dock & Im.—Ass’d.
C. M. & St. P.-lst.8s,P.D.
2dm., 7 3-10. P. D., 1898
1st m.,78, $ g., R.D.,1902
133
120
133*2
123
LaC. Diy., 1893. *122
120
.* lstm., I. & M., 1897...
120
lstm., I. & D., 1899
lstm., C.&M., 1903.... *121
123
Consol. 7s, 1905
*102
2d mort., 7s, 1884
1st, 7s, I.& D. Ext.,1908
8. W. Div., 1st, 6s, 1909. 105*4
92
1st, 5s, La.& Dav., 1910.
lstS.Minn.Diy.,6s,1910 105*2
lstm., H. & D., 7s, 1910
Ch.& Pac. Div., 6s, .1910
*95*2
1st Chic.& P.W.,5s,1921
Min’l Pt Div., 5s, 1910.
C.& N.west.—S.-f, 7s, 1885 *108
Interest bonds, 7s. 1883
Consol, bonds, 7s, 1915.. 13*6'
Extension bonds, 7s, ’85
lOSVe
1st mort., 7s, 1885
;
Coupon gold, 7s, 1902... 125
U24
Reg., gold, 7s, 1902
Sinking fund, 6s, 1929.. 106
Sinking fund, reg
?■
1st m.,
......
.
,
„
123
124
1231-2
106
.
.
^
106
11834
108*2
97
95
125
125
106
108
IowaMidPnd—lstm., 8s +128
Galena & Chic.—Exten. *100*2
-100 ^
Peninsula—lstm., conv. *120
Chicago & Mil.—1st m.. *---Winona & St. P.—1st
2d mort.,
126
108
m.
7s, 1907
i'24^
i*25
C. C. C.& Ind’s— 1st,7s,s. f.
Consol, mort., 7s, 1914..
C
125
124
114
8LL.&N.O.-Ten.lien,78
ri1a*ni\con'*
St. P.M.& 7a» 1897....
O.—Cons., 6s
C.St.P.&M.-lst.G8,1918
114
102 *4 102 *2
1121-2
N°-Wiso.-ist,
6s, 1930.
St.P.&S.C.-l.st, 6s,1919
no
113
E.I11.—l8t,s.f.,cur.
Bel. L. & w.—7
s, conv. *92
Mort. 7s, 1907..
*126*2
Syr.Bing.& N. Y.—lst,7s
t??18
® Essex—1st
2d
mort., 1891
m.
Ronds, 78,1900.
7sof 1871-1901
135
.
122 h
lOGi-j
iosii
124
Del
7s, 1891
.
^^•’ext»7s*1891
120
*
*119
TTn00?8?1*’ *Luar-»7s
DSl**H-C--1Stm.j8,1884
i‘27*
120
tll8
t
118
-
11734
130
*
Rens. &
istmort.,
coup,
reg., 1921
^•ARioQr.-istASOO
7»> 1910....
rnS;4 Pac;-1st,
7s
1st cons. 5s
*o*ZA*imoTt"
extended,
ext’d
19iy
5s,
7s, 1883
4th mort.,
ext’d, 5s, 1920
lterVxt-’7s*1888'
Xon^ Tw
v ?0ld5 78.19201
^gng
Dock
bon(iH.7s, ’93!
’
107ia
guar.7s,1906 tl27
Sar.—1st,
Places nominal.
" i*07*
107
111
1081.3 109
7s
7s 114*4
2d, consol., main line, 8s 130
2d, Waco & N., 8s, 1915
Gen. mort., Gs, 1921
Ill.Cent.—Dub.& S. C., 1st *104
Dub. & S. C., 2d Div., 7s 110
137
138
118*2 117
109
109ia
Lake Snore & Mich. S.—
Mich. Sc. & N.I. s.fd. 7s
93
Buff. & Erie^Nowhds. *127
Buff. & State Lice- 7s..
Kal. & W. Pigeon—1st.
Det.M.& T.—1st,7 s, 1906
129
Lake Shore—Div. bonds
Consol., coup., 1st., 7s 130
Consol., reg., 1st. 7s... 128 *2
129
Consol., coup., 2d, 7s.. 125
126
Consol., reg., 2d, 7s ... 125
Louisville. & Nashville—
tiio'
S.& N.Ala.—S.f.,6s,1910
Leban’n-Knor. —6s,1931
L. Erie & Western—
t
110
Registered, 5s, 1931 —
98*2
*92*2
Peoria Deo. & E v.—1st, 6s
Evans. Div.,1st, 6s, 1920
Pac. RRs.—C.Pac.—G.,68.
San Joaquin Branch..
Cal.& Oregon—1st m..
State Aid uonds,7s,’84
Land grant bonds, 6s.
West. Pac.—Bonds, 6s
So. Pac. of Cal.—1st, 6s.
small
.s.
iio*
registered
107 *4 108*4 lud.Bl.&West.—Inc., 1919
102 *2 105*2 Ind sDec.&Spr’d—2d inc.
Trust Co. certificates
114*2
108'
*
109'
Lehigh & W.B.Coal—1888
Lake E. &W.—Inc. 7s, ’99
Sand’ky Div.—Inc., 1920
104*4 Laf. Bl. & Mun.—Inc. 7 a, ’99
♦
115
113 *2 ii*5‘
Sinking funds, 8s,’93 121*2 124
Registered 8s, 1893... 123
Collateral trust, 6s— 108 *4 109
Kans. Pac.—1st, 6s,’95 *110
lstm., 6s, 1896
HO il3*
Den. Div. ,6s,ass’d,'99
1st cons., 6s, 1919...
Cent. Br. U. Pac.—1st,6s
Funded coups., 7s, ’95.
112
106*2 107
101
102
111
At. Jew. Co. &W.—1st,6s
Utah So.—Gen., 7s, 1909
Mo. Pac.—1st consol., 6s
109
119
107 ^
114
3d mortgage, 7s, 1906.
Pacific of Mo.—1st, 6s
2d mort., 7s, 1891
St. L.& S.F.—2d, 6s, cl.A
..
3-6s, class C, 1906
3-6s, class B, 1906
1st, Gs, Peirce C. & O.
Equipment, 7s, 1895..
10934
92*a "93'
1*05'*
107
So. Pacific of Mo.—lstm *
Tex. & Pac.—1st,6s, 1905 100
98
Consol., 6s, 1905 ..
70*2
Income & I’d gr., reg.
88 34
1st,Rio G.Div.,0s,1930
Pennsylvania RR—
Pa. Co’s guar. 4 *281st c.
Registered, 1921..
83
105
78*2 80
112
114
Cons., assented, 1904-6.
2d mort., income, 1911..
H. & Cent. Mo.—1st,’90.
Mobile & O.—New m., 6s.
Morgan’s La.&Te.x,lst,6s
Nash.Chat.&St.L—1st, 7s
2d, 6s, 1901
N. Y. Central—6s, 1883 .. *105
6s, 1887
*105*
6s, real estate, 1883
6s, subscription, 1883.. *105
N. Y. C. & H.—lstm.,cp.
*136*2
1st mort., reg., 1903
Huds. R.—78,2d, 8. f.,’85
98
Canada So.—1st, int. gu
Harlem—1st m., 7s, cp..
c
1st mort., 7s, reg.,1900
..
,,
„
Hu
il*8*
Cairo & Fulton—1st m..
Cairo Ark. & T.—1st m.
3d pref. debentures
4tli pref. debentures
N.O. M.& Tex.—Deb.scrip
Ohio Cent.—Income, 1920
Ohio So.—2d Inc., 6s, 1921
Ogdensb.&L.C.—Inc. 1920
..
75
1st, 7s, pref.. int. accum.
2d, 6s, iut. acc’mulative
90
80
St’gl. & R’y-Ser. B.,inc.’94
Plain Income 6s, 1896..
Sterling Mtn. R’y Inc.,’95
105*2
105*2
137
138
98*4
13534
1*15*4
*89'
Dayton Div.—Gs, 1910.. *....
Tex.&St.L.—L.g.,inc.l920
Miscellaneous List.
(Broker's Quotations.)
103
104
96
108
120
120
Registered 6s, 1921
Pac.—1st, 6s,g.,1920
Norf.&W.—G.l.m.,68,1931
Ohio & Miss.—Consol, s. f.
Consolidated 7s, 1898...
2d consolidated, 7s,1911 119
1st m., Springfield Div..j 113*2
105ia
99*4
1071-2 Ohio Cent.—1st, 6s, 1920.J 99
100
1st m., Ter’l Tr., 6s, 1920!
92
Ohio
So.—1st M., 6s, 1921.
i*28
90
110
Panama—S.F. sub.6s,1897 *
N. O.
„
* No price
103
117
109*2
HO
108*2
109
tl03
75
110
115
105
10-1 Hi
123
118
111
80
i*2i*
15
80
26
113
109
91
-14*a
9
24
50
12
85
25
12
1*06
109*4
78
54
—
105
52
54
RAILROADS.
Atl. & Gulf—Consol.7s,’97 tl09
Atl.& Charlotte—1st, 7s.. 108
87
Income, 6s
Stock
Car. Central—1st, 6s, 1923
Cent. Ga.—Consol, m., 7s.
Stock
mort., 7s
Stock
72
95
117
120
109
104
50
112
110
91
74
100
120
123
112
107
52
Chic.St.L.&N.O.—New5s
113
112
1137e
E. Tenn.Va. & Ga.—1st, 7s 1
*115
Georgia Railroad—7s.
tuo
6s
122
103
^
2d
120
120
109
Memph.&Char.—1st,cons.
1st, consol., Tenn. lien..
Miss. Central—1st m.,
2d mort., 8s
N. O. & Jackson—1st,
7s.
110
110
(Interest payable if earned.)
Ala. Cent.—Inc. 6s, 1918.
Atl. & Pac.—Inc., 1910..
Central of N. J.—1908
Chic.St.L.&N.O.—2d,1907
Col.Chic.&I.C.—Inc.7s,’90
110
7s, 1902, non-enjoined
122
70
109
..
Non-mort. bonds
E.T.Va.&G.—InC.,08,1931! 50*2 517s Western, N. C.—1st. 7s...
Friday—these are latest quotations made this week
1181ft
120
112
115
115
i*06‘* io$r
8s.
Certificate, 2d mort., 8s.
Northeast.,S.C.—1st m.,8s
2d mort., 8s
Port Royal & Aug.—1st,6s
Rich.& Dan.—1st, cons.,6s
112
125
119
102
102
100
Stock
South w. Ga.—Conv. 7s, ’86 120
120
Stock
S.Carolina RR.—1st m., 7s 1106
42
Stock, assessment paid.
INCOME BONDS.
Cent. Ia. —Coup. deb. certs.
Chic.St. P.&M.-L.g.mc.6s
Chic. & E. Ill.—Inc., 1907 *
Virginia—New 10-40s
Charl’te C.& A.—Consoles
Telegraph—78,1904
Spring VaL W. W.—1st, 6s
Oregon RR.&Nav.—1st,6s
104
*115
tl07
1120
1115
STATES.
...
N. W.
------
tl07\
Wis.Cent.—1st series, new
2d series, new......
98*2 So. Car.—Consol. 6s(good)
Browne, consol
95
Equipm’t bonds,7s, ’83 *65
Consol., conv., 7s,1907 106
Gt. West.—1st, 7s, ’88. *108
2d mort., 7s. 1893
Ill
Q. & T.—1st, 7s, 1890.
IU.&S.I.—1st, 7s, 1882 100
Han.& Naples—1st, 7s
1900, reg
33
(Broker's Quotations.)
1st, St. L. Div., 7s, 1889
7s, ’93..
St.L.K.C.&N.—R.e.,7s
Om.Div.—Istmort., 7s
Clarinda Br.—6s, 1919
No. Missouri—1st, 7s.
West.U. Tel.—1900, coup.
*30*
Southern Securities
1087e
1st, Ter’l trust, 6s, 1910
W. St. L. & P.—Gen. m., 6s
Chic. Div.—5s, 1910
Hav. Div.—6s, 1910....:
Tol.P.&W.—1st, 78,1917
Wabash—Mort. 7s of ’09
Tol. & W.—1st, ext., 7s
id'
St.L.A.&T.IL—Div. b’nds
Tol. Del.& B.—Inc.Gs,1910
St. Joseph & Pac.—1st m.
2d mort
86
St. Jos. & West’n—Stock.
115*2 Tex. & St. L.—1st, 68,1910
115*2 Utah Central—1st mort..
Utah Southern—1st mort.
107
110
42
Peoria D. & Ev.—Incomes
Evansv. Div.—Inc.,1920
Roch. & Pitts.—Inc., 1921
St. Louis I. Mt. & So.—
111
85
Gen.c.r’y& Lg.,5s,1931..
St. L. Alton & T.H.—lstm. *110
2d mort.,
pref., 7s, 1894.
2d mort., income, 7s, ’94 i*06'
Belleville&S. Ill.—1st m; *118
St.P.Minn.& Man.—1st,7s 112
2d mort., 6s, 1909
Dakota Ext.—6s, 1910
+
St. P. & Dul.—1st,5s,1931
98
60
N.Y.LakeE.&W.—Inc.6a. *
N.Y.P.&O.—lstiuc.ac.5-7
10934 110*2
2d mort., ext.,
112
"69*
Mil. L. S. & W.—Incomes.
Mob.& O.—1st pref.deben
2d pref. debentures
Best. Har. & E. new stock
Chic.& Can.So.—1st, g.,7s
Cin. Ind. St. L. & Clue.—
1st mort., 6s, 1920
Col. & Hock.Val.—1st, 7s.
2d mort., 7s
Col. & Toledo—1st m., 7s.
2d mort., 7s..
Des M.& Ft. Dodge—1st, 6s
Galv.H.& Hen.—7s, g.,’71
Gr. Rapids & Ind.—1st, 7s
1st mort., 7s, guar
Pitts. Ft. W.& Cli.—1st m *140
2d mort., 7s, 1912 .
3d mort, 7s, 1912..
Cle v. & Pittsb.—Cons. ,s.f 130
*113
4tli mort., 6s, 1892
Col. Cli.& I.-C.—1st, cons
2d con., 7s, 1909
Tex.Cen.—lst,s.f.,7s, 1909
IO534
100
99
Int. & Gt. North.—2d Inc.
2d assented, 6s, 1909—
105*2
IO8H2 Tol. Del. & Bur.—Main. 6s
IO0H2
1st, Dayt. Div., 6s, 1910
Mil.&No.—1st,4-5-6s,1910
t And accrued interest.
Do
Do
1st, Tr’t Co. ctfs., ass’d *
2d, Tr’t Co. ctfs., ass’d
105*2
1st,Tr’t Co.ctfs.,suppl
Ex-land grant
104
St. L.V.&T.H.—lst,g.,7s
Stock
2d mort., 7s, 1898
Kansas & Nob.—1st mort..
"54'
2d m..gnar., 7s. 1898.
2d mort
Pits.B’d.&B.—1st,6s, 1911
Island—1st mort.. .
i'o'fl' Rome W.&Og.—Con., 1st. 90*2 99H: Long
2d mort
102*2 Midland of N.J.—lst.nowRoch.A Pitt.—1st,6s,1921
Rich.& All’g.—1st,7s,1920 105*2 108
Income, “A”
108
107
Scioto Val.—1st, cons., 7a. L
Income, “B”
102
117*2
St. Louis & I. Mount.—1st
Stock
111
2d mort., 7s, 1897
110*2
N.Y.&G’nw’d E—isV,7s,n
112
104
Arkansas Br.—1st mort. HO
2d mort
110
Mil. L.S.&W.—1st 68,1921 t
82
Mo. K. & T.—Gen.,con.. 6s
103
N. Y. Elev’d—1st, 7*8,1906
N. Y. Pa.&0.—Pr.l’n.68,’95
N.Y.C.& N.—Gen.,6a,1910
N.Y.& New Eng.—1st, 7s.
1st m., 6s, 1905
Nevada Cent.—1st m., 6s.
N. Pac.—G.l.gr.,lsfccon.6s
107
107
107
110
.
Jack. Lan.& S—6s, 1891 f
16=4
~
Registered
Funding 5s, 1899
115
103
102
105
1st, 6s, 1919
Sandusky Div., 6s, 1919
Laf. B1.& M.—1st, 6s, 1919 i*07*
Louisv.N.Alb.&C.—1st,6s 102
94
Manliat.B’ch Co.—7s,1899
N.Y.& M.B’h—1st,7s,’97 106*2
Marietta & Cin.—1st, 7s.. *119
1st mort., sterling
99
Metrop’lit’n El.—1st,1908 "987a
86
89
2d mort., 6s. 1899
124
126
Mich.Cent.—Con.,7s, 1902
*102
1st mort., 8s, 1882, s. f..
Equipm’nt bonds, 8s,’83
6s, 1909
Coupon, 5s, 1931
42
Small bonds
Atch.C.&P.-lst,6s,1905
Cleve. & Tol.-Sink. Id..
New bonds, 7s, 1886.., *105'
Cleve. P. & A ah.-7 s— *108
1043b 105
80
100
107 H 112
110*2
118*4
Consol., 7s, 1898
2d mort., 7s, gold, 1883. 100
Cecilian Br’cli—7s, 1907
N.O.&Mob.—lst,6s,1930 i'02
E. H. &N.—1st, 6s, 1919 100
Gen’lmort., 6s, 1930..j 105
Pensacola Div—-6s, 1920 104
St. L. Div.—1st, 6s, 1921+100
2d mort., 3s, 1980 —.
52*2
Nashv. & Dec.—1st, 7a. lib
82
80*2
—
365s, 1924
;
Union Pacific—Istmort.
Land grants, 7s, ’87-9.
Kent’ky Ceu.—M.,6s.1911
......
126
125
104
110
76 Kj
2d mort., 3-4 5-6e, 1909.
Indianap.D &Spr.—lst,7s 102 Hi i03*a
110*2
Int.& Gt.No.—1 at, 6s gold 110
97*2
t
Coupon, 6s, 1909
107
132
107
1st mort., West. Div.,
1st mort.,Waco & N.,
1867
consol, bonds
ex-matured coupon..
consol., 2d series
deferred
now,
MISCELLANEOUS SECURITIES.
130
Ced. F. & Minn.—lstm. *114
Ind.Bl.& W.—1st, pref., 7s *123
90
1st mort., 3-4-5-os, 1909
120
La. & Mo.—1st m., guar.
2d mort., 7s, 1900
|
105
Houston & Texas Cent.—
1st mort., 1. gr., 7s
Central Iowa—1st,
0«, gold, series A, 1908.
6a, gokl, ser. B, int. def.
6a, currency, int. def ...
Chicago & Alton—1st m..
Marq.—M.6s, 1921
70
68*8
District of Columbia—
68, coupon, 1893-99
BONDS AND
60
59*2
6s,
Gs,
6s,
6s,
6s,
Gs, 1886
122
12*a
103
69
69
6s, new, 1866
class 2
class 3
Consol. 4s, 1910
Small
Ohio-
110
Ask.
Virginia—Os, old
1868-1898.
bonds, J.&J., ’92-8
Special tax, class 1, ’98-9
’87.
Buff.N.Y.&E.—1st,1916
N.Y.L.E.&W.-New2d,6 101
1st, consof, fd. cp., 7s.
2d, consol., fd. cp., 5s.
99 H2 100*4 Ev. & T. H.—1st cons., 6s *
(Stock Exchange Pricer.)
ftentr&l—1st, 6s, 1918
AchTAS. Fe—4*3,1920
Off, J.&J.
Do
A.&O
Chatham RR
Erie—Continued
a ift-
coup.
Do
1887
RAILROAD
6s, Act Mar. 23,1869 1
non-fundable, 1888.. V
Brown consol’n Os, 1893
Tennessee—6s, old, 1892-8
6s, new, 1892-8-1900
Gs, new series, 1914
A.&O
coup, off, A.&O.
Funding act, 1866-1900.
New
....
‘27’
Georgia—6s^l886
Boat. H. &
Do
Do
Do
Bid.
SECURITIES..
South Carolina—
Carolina—6s, old, J.&J.
6s, old, A.&O
No. Carolina RR., J.&J.I
N.
Michigan—
AaSStsioB.1Me....
Ask.
Bid.
SECURITIES.
Ask.
Bid.
SECURITIES.
Ask.
Bid.
securities.
114
117
...
105
104
101
45
123
75
100
■
-
THE CHRONICLE.
382
({Rotations in Boston, Philadelphia and Baltimore.
New Tork Local Securities.
Insurance Stock List.
Bask Stock List.
[Vol. XXXIII.
Bid
•R0UBITIK S.
BOSTON.
PRICE.
PRIOR.
0OXP1NIE8.
Par.
Companies.
Par.
Bid. Ask
Bid. Ask.
not National.
ttch. A Topeka 1st m.7s.....
do
land grant 7b
land Inc. 8s..
do
Atlantic A Paclfi *, 6s
o
1
Central
Chase
100
100
100
25
25
100
100
Chatham
Chemical
100
America*
Am. Exchange
Bowery
Broadway
Butchers’ A Drov’rs
142%
Citizens’
City
Commerce
Continental
Cora Exohange*
East River.
Eleventh Ward*
Fifth
Fifth Avenue*
First...
Fourth
Fulton..
Gallatin
German American*.
German Exchange*.
Germania*
Greenwich*
25
100
100
100
100
25
25
100
100
100
100
30
50
75
100
100
25
Hanover
100
Imp. and Traders’...
Irving
100
Island City*
Leather Manuf’trs
Manhattan*
Marine
Market
Mechanics’
Mechanics’ Assoc’n.
Mechanics’ A Tr’drs
Mercantile
Merchants’
Merchants’ Exch’ge
Metropolis*
Metropolitan...
50
60
100
50
100
100
25
50
25
100
50
50
100
100
....
Murray Hill*
Oriental*
Pacific*
Park
People’s*
Phenix
Produce*
Republic
St. Nicholas
Seventh Ward
Second
Shoe and Leather.
Sixth
Third
Tradesmen’s.,
Union
United States.
West Side*....
100
100
100
100
100
100
70
30
25
50
100
25
20
50
100
100
100
100
100
100
100
100
40
50
100
100
.
.
..
....
132
•62
»
.
* * ♦
....
....
•
....
....
....
•
•
Clinton
Columbia
Commercial
Continental
....
....
150% 152
Eagle
Empire City
Exchange
Farragut
125
....
•
•
....
•
.
•
•
....
....
•
•
.
•
•
•
•
•
.
Firemen’s
Firemen’s Trust
Franklin A Emp....
German-American..
•
....
•
800
....
....
•
.
....
Germania
.
....
....
....
•
•
....
•
•
•
•
•
•
•
.
•
•
225
•
•
•
•
.
.
.
•
•
•
Hamilton
Hanover
Hoffman
Home
Howard
•
300
>
*
,
Importers’ A Tr’d’rs
Irving
t
.
f
..
.
Jefferson
.
Kings County (Bkn.)
....
155
«...
.
..
•
•
•
••
Knickerbocker
....
.
.
•
•
•
•
•
....
•.
•
•
•
....
ii.7
...
•
.
•
.
•
•.
....
....
....
•
•
.
•
•
•
....
.
165
•
•
....
121
103
.
•
•
....
....
•
.
...
ieo
•
•
•
.
...
110
....
....
....
....
...
•
....
.
....
.
•
.
.
•
•
.
•
•
•
.
.
.
....
.
•
.
....
.
.
.
....
....
...
120
.
149
....
....
.
....
Montauk (Brooklyn)
Nassau (Brooklyn)..
National
New York Equitable
New York Fire
New York A Boston.
New York City....
...
Niagara
•
170
...
(B’klyn)
Lorillard
Manufac’rs’ A Build.
Manhattan
Mech. & Traders’...
Mechanics’ (B’klyn).
Mercantile
Merchants’
....
iso
Lafayette (Br’klyn).
Lamar
Lenox
Lone Island
•
....
Globe
Greenwich
Guardian
...
...
•
Citizens’
City
....
•
...
Bowery
Broadway
Brooklyn
....
....
Mount Morris*.
Nassau*
New York
New York County...
N. Y. Nat’l Exch’ge.
Ninth
American
American Exchange
....
123
25
Ask.
[Quotations by E. 8. Bailey, Broker,
No. 7 Pine Street.]
.
.
....
North River
Pacific...
Park
Peter Cooper
People’s
Phenix
Relief
Republic
Rutgers’
Standard
Star
Sterling
Stuyvesant
Tradesmen’s
United States
Westchester
Williamsburg City
50
100
25
25
17
20
70
100
30
50
100
40
100
80
50
17
10
100
100
50
50
25
100
15
50
50
100
50
50
100
30
20
40
50
100
25
50
25
100
100
25
50
50
50
50
50
165
115
200
210
do
Boston A Lowell
170
ISO
ooston A
190
160
123
60
100
230
280
15
105
120
95
70
110
240
100
127
IOC
110
117
124
180
155
163
i9U
118
00
130
155
60
150
115
05
75
150
200
<50
112
'85
115
60
140
37*
35
100
100
100
50
25
25
100
20
50
50
50
100
25
50
100
100
25
25
25
19
50
160
15)
to
117
115
150
115
155
110
65
65
185
1. 5
220
120
115
270
70
140
160
70
158
123
100
85
210*
70
98
..
123
>u«ton &
d
*
68...
46
v
6s
Providence 7#*
...
7s..
F.x
Chicago Burl. A Qulr.cy 4v..
ouu. A PasRumpsic. 7s, 1691.
Connott nVai:ey. 7s
Eastern,Mass.,4*s,new. ..
Fitchburg RR , 6b
do
7s.............
Fort Scott A Gulf Is
Hartford A Erie 7s
K. Cltv Lawrence A So. 4a...
Kan. City. St. Jo.&C. B. is. .
Little R*k A Ft. Smith, 7s,1st
Mexican Central, 7s
York* New Eng. 6a.
New
do
*s
.
...
A So. Pac. 7a...
Ogdensburg A Lake Ch.6do
Inc
New Mexico
U5% 106
90% Junction 1st mort. os, *82
90
92
do
2d mort. 6s, 1900
90
117
Lehigh Valley, lst,6s,cp., 18%
97
do
do reg., 1893...
96
do 2d m. 78, reg., 1910..
110%
HU
do
con. m., 6s, rg., 1928
do
do
68,rp.,19<!3
Little Schuylkill, 1st m.7s,*82
N.
O.
58%
Pac.,
Ut
m..
6s,
1920
58*
North. Penn. 1st m. 6s, cp.,’85. 105
do
2dm. 7s, cp.,’96.
ii7*
do gen. m. 7s, cp., 1903. 123
1 >3
do gen. m. 7s,reg., 1909
87
do new loan os, reg...
108% 109
17% Oil Creek 1st m. 7s, coup.,’81.
117
t'lttsb. Titus v. * B., 7s, cp.,’96 95
do
Scrip
99% 100
Pa.*N.Y.C.& RB.7s,1896....
,
119
Pueblo A Ark. Valley, 7s
Rutland 6b,1st mort
....’.
Vermont A Maas. RR.. 6s .
Vermont A Canada, new 8s.
160
70
195
112
233
127
210
laO
135
80
75
150
125
140
95
100
105
65
115
100
130
115
70
80
135
110
140
210
x 137
Atchison A Topeka
Boston A Albany
Boston A Lowell
Boston A Maine.
Boston A Providence
Cheshir epref erred
Chic. A w. Michigan
Cin.
120
154
164
84
23K
Sandusky A Clev
.
connotton Valley
Eastern (Mass.).
.........
Eastern (New Hampshire)...
Fitchburg
Flint A Pere Marq
pref
Fort Scott A Gulf, pref..
do
common.
Old Colony............
•••
Portland Saco A Portsmouth
Pullman Palace Car
Rutland, preferred
28%
09
97% 126
28
‘85
Wisconsin Central
do
[Gas Quotations oy weorge H. Prentiss, Broker, 17 Wall Street, j
22%
69
Par.
Amount. Period
|
Brooklyn Gas Light Co
Citisens’Gas Co (Bklvn)
do
bonds
50
100
500
100
Metropolitan
do
bonds
Mutual, N. Y
do
bonds
1,000
Nassau, Brooklyn
do
^ork
25
Va-.
100
10
scrip
People’s (Brooklyn).
.
Bonds
1,000
Bonds
Central of New York
Var.
50
Williamsburg
do
50
bonds
1.000
Metropolitan, Brooklyn
Municipal
do
100
100
bonds
•
Fulton Municipal
-
-
100
Bid. Ask.
*
5
2,000,000 Var.
1,200,000 Var.
1,000
315,000 A.&O.
50 1,850.000 F.&A.
20
750,000 J.&J.
'
Date.
Apr., *81
2% Aug., *80
25
20
arlem
•rsey City A Hoboken
aahattan
Rate.
7
3
7
5
4.000,000 J.&J.
2.500,000 VI.AS.
1,000,000 F.A A
5.000.000 Quar.
1,000,000 F.A A.
1,000,000 Var
700,000 M.&N.
4,000,000 Vf.AN.
1,000,000 J. A J.
37* ,000 M. AN.
125,000 Var.
466,000 F.A A.
7%
1898
*78
Feb.
Jan., *91
Aug., ’hi
Aug. ’81
125
50
105
90
150
210
152
108
1% Oct., *81 x70
3
.
.
.
1882
2% Dec. ’80
3% May, ’8!
4
3% Jan., ’76
7
6
3
2
6
1,000,000 Quar,
1.000,000 A.& O.
1,000,000 M. AN.
3,000,000
750.000 M. AN.
2%
5
8
.......
1,500.0001
.
100
60
100
109
33
103
1997
1900 &c 90
July, ’80 P2
July. ’81 «2%
1900
101
July, ’81 63
Oct.. ’81 XL80
1888
105
...1 68
130
53
107%
92
160
215
If 4
117
<2
104
65
103
110
36
105
92
65
67
104
65
183
110
72
[Quotations by H. L. Grant, Broker, 145 Broadway.]
'
Bleecker St. A Fult. Ferry—St’k
1st mortgage
Broadway A Seventh Av.—St’k
1st mortgage
Brooklyn City—Stock
1st mortgage
Broadway (Brooklyn)—Stock.
Brooklyn Crosstown.—St’k
1,000
J. A J.
OU4.000 J. A J.
H July, ’81
O'. >0,000
7
2
7
100
2,100,000 Q-J.
1,000 1,500,000 J. AD.
10 2,000,000 Q—F.
1,000
300,000 M.&N.
100
200,000 Q—J
3
•
100
1st mortgage bonds
1,000
100
Bushwick Av. (B’klyn)—Stock
100
Central Pk. N. A E. Kiv.—Stock
Consolidated mort. bonds.... 1,000
100
Christopher A Tenth St.—Stock
Bonds
1,000
.
~
* This oouunn shows last dividend
on
®
®
® •
•
•
.
26
(15
J’ly,1900 113
Oct., *oi 130
133
June ’84 103% 100
3% Aug., ’81 190
7
Nov., '80 102
400,000 A. A O. 2
7
300,000 J. A J
500,000 J. & J. 2%
2
1,800,000 Q-J.
1,200,000 J. A D. 7
F.A
A
650,000
2%
250.000 J. A J. 7
100 1,200,000 Q F
3
Dry Dock E.B.&Batt’ry—Stock
1st mortgage, consolidated .. 500Ac
900,000 J. AD. 7
100
3
Eighth Avenue—Stock
1,000.000 Q-J.
lit mortgage
1,000
203,000 J. A J. 7
42d St. A Grand St. Ferry—St’k
100
748,000 M.AN. 6
1st mortgage
1,000
236,000 A.AO. 7
100
Central Cross Town—Stock
600,000
1st mortgage
1,000
800,000 M.AN. 7
Houst.West3t.& Pav.F’y—St’k
100
250,000
1st mortgage
500
500,000 J. A J. 7
Second Avenue—Stock
100 1.199,500 J.&J.
2%
8d mortgage
1,000
150,000 A.AO. 7
Consol, convertible
1.000 1.050.000 M.AN. 7
Extension
cOOAc
200,000 M. A 8. 7
Sixth Avenue—Stock
100
750,000 M.AN. 5
1st mortgage
500,000 J. * J. 7
1,000
Third Avenue—Stock
100 2,000,000 Q-F.
5
1st mortgage
1,000 2,000,000 J.&J. 7
100
4
F.&A.
Twenty-third Street—Stock...
600,000
1st mortgage
250.000 M.AN. 7
1,000
..
23%
200
110
169
Oct.. ’81 150
July. ’81 100
1888
102% i05
July, ’81 110
Oct.. ’81 124
i28
Dec.1902 118
120
96
Aug,’81 92
1898
Aug., ’81
June,
Oct.,
Jan.,
May,
’98
’81
’84
’81
Apr.,’93
.
,
.
.
Nov.1904
’
100
190
L14
185
100
185
110
60
105
00
105
118
108
110
26
28
iss*
65
22%
S3
57
56%
40
55
60
27
60% 60%
55%:
61%
57%
109
64%
34
190
88
Susquehanna
do
pref...
13
14
.
RAILROAD BONDS.
iio
July. ’94
123
July, 81
Apr *85
Oct.,} ’80 ltrnJm
Sept..’83 106
Feb.. *81 250 275
Allegheny Val.. 7 3-10s. 1896...
124%
do
7b, E. ext., 1910 126
do
lcc. 7s, end., ’94
*56
55
Belvidere Dels. 1st m.,6s,1902.
do
2d m. 6s. ’85.. 106%
July, ’90
Aug ’81
Camden Aim
do
,
July, 190
110
190
110
Aug
145
,
.*91
Mat. ’93’105
11j
115
155
112
stocks, hut the date of maturity ofbonds.
do
3d
m.
c
^.•.uup/ss
6s, *37.. 106
fcs, c •»
105
do
mort. 6s. ’89
Cam. * Atl. 1st m. 7s, g., 1893
do
2d m. cur. 7s. 1879.. 106
*
In default.
Rio Grande DiV..
cons, m.,6s,g.,1903
Inc.&l. gr.,7s 1915
do
do
mort.
cons.
107
01
100
115
6s, 1909
....
ioifc
89
t Per share.
108
ild
.
gold,*97....
119
m.7s, rg.,191!
Morris, boat loan, reg., 1885
id*
Pennsylvania 6s, coup., 1910 107%
Scbuylk. Nav.lst rn.6s.rg.,’97.
92
do
2d m. 6s, reg., 1307
BALTIMORE.
Maryland 6s, defense, J.* J..
106
6s, exempt, 1887....
do
6s, 1890, quarterly..
do
5s, quarterly
Baltimore 6s, IS94, quarterly.
do
6s, 1886, J.&J
do
6s, 1890, quarterly... 117
do
6s, park, 1890, Q.—M
do
6s, 1893, M. * S
do
6s, exempt,’9S.M.&S.
do
130
do
do
i" 0
6s, 1900, Q — J
68.1902, J.A J
5p, 19i6, new
Norfolk water, 8s
117%
126%
130% 130%
Par.
Balt.* Ohio
100 195
do
1st pref
do
2d prtf
do
Wash. Branch. 100
do
Parkersb’g Br..50
Northern Central
50 cl
Western Maryland
50
197
125%
15
51%
Central Ohio
Pittsourg * Connellsvllle..50
BAILBOAD
45%
70
110
90
63. .938..
BAILBOAD STOCKS.
CANAL STOCKS.
iis*
m.
cons.
do
64%
Pennsylvania
Schuylkill Navigation
do
2d
99
Union* Tltusv. 1st m. 7s. ’90. 103
United N. J. cons. m. 6s, ’94.
Warren * F. 1st m.7s,’96....
West Chester cons. 7s, ’91
20%
Jersey* Atlantic
Lehigh Navigation
do
do
do
18
34
Pnlladelphia A Read ng
Philadelphia A TrentOD
Phfla.Wlimlng. A Baltimore,
tt. Paul A Duluth R.R. Com
do
do
pref.
190
United N. J. Companies
WeBt Chester consol. pref....
37
West Jersey
iio
129
W. Jersey & Atl. 1st m. 5s, cp.
Western Penn. RR. 6s,cn.*93. 111
do
6s P.B.,’96, 113
Pennsylvania
ii8
125
West Jersey 6s, deb,,coup.,’8S 101%
do
1st m. 6s, op., ’96. 115
do
1st m. 7a, *99
Norfolk A Western, pref
do
d'>
com....
West
iifri
96
do
deb. 7s. ope.off
do mort., 7s, 1892-3
Phlla. Wilm. * Baft. 6s, ’84....
Pltts.Cln.&St. L. 7s, cou.,190G
do
do
7s, reg., 1900
do
...
Pennsylvania
Philadelphia A Erie
98
U8
6a, 1886 1C5
Lehigh Navlga.m.Jte, reg.,’84
118
do
mort. RR., rg ,’97 110% 114
Camden A Atlantic...
pref
oo
do
Catawlssa
North
110
101
7s, R. C., 1893
7s, coup, off, ’98
Phil.&K.Coal&lr’n deb.76,92*
CANAL BONDS.
20%
-
129%
do
Ches. * Del.. 1st m.,
Buffalo61?tts^!fcyWest*eVn!!!
’.
do
pref.
Norristown
lmp.m.,6*,g„ (5. 1897
gen. m. 6 s g., C.lfOS
do la. m.,7s,coup.,’.896.
do d b.coup,, 1^93*....
do do
cjup. off, 1893.
do scrip, 1892
Sunbury & Erie 1st m.7s, ’97..
Ryra.Gen.* Corn*? ,lst,7s,1905
Texas A Pac. 1st m.,6s,g.,1905
do 4s, various
RAILROAD STOCKS.t
Nesquehonlng Valley
do
do
108
127
125
do
00
5s.....
Penn. Co ,68. reg
do
do
4%s....
Perklomen 1st m. 8s,coup.,*8!
Phil.Wilm *Ba t ,4s,Tr.certs
Phlla. A Erie 2d m. 7s, cp.,’98
do
cons. mort. 6s.l920
5s,!920
po
do
Phlla. Newt’n & N.Y.. 1st m.
Phil.* R. 1st m. 68, ex. due 1910
do
1910
do
2d m., 78, cp..9S. 123
do
do cons. m..7s,cp., 1911 123
do con?.m.6-4,g.lttC1911
Stony Creek 1st in. 7s 1907..
Sunb. Haz. & W.,lst m.,5s,’23.
Philadelphia, 5s reg.........
do 6s,n., rg., prior to 9?
liinehlll
*
KH)
1906
Pennsylv.,gen. m. 6s, cp.. 1910
do ' gen. m. 6s, rg., 1910.
do
cons. m. 6s, rg., 1905.
do
cons.m.68,cp., 1905.
130
state and city bonds.
Penna. 5s, g’d, intyfeg. or cp.
do
5s, reg., 1S82-1832
do
5s, new, reg. ,1892-1902 118
do
6s,l0-15, reg., 1*77- 82.
do 6s, 15-25, reg., 1882-’92. ibi‘%
do
4s. reg., 1894-1904
Huntingdon* Broad Top...
do
do pref.
Lehigh Valley
Little Schuylkill....
122%
Rich.* Danv.con3.1nt.6s,19!5
pref
do
pref.....
do
new pref
Delaware A Bound Brook....
East Pennsylvania
Elmira A Williamsport
do
do
pref..
Har. P. Mt. Joy A Lancaster.
119
127
127
185
120
122
104
Shamokin V.& Pottsv. 7s, 1901 116
Steubenv. & Ind. 1st, 6s, 1884.
PHILADELPHIA.
Gas Companies.
91
do conv.
87
71
40
129
117
131
Worcester A N ashua
24
150
Mar. Hough. A Ont
Mar. Hoagh. A Ont.. pref
150
NahsuaA Lowell
56
New York & New England...
Northern of N. Hampshire... 113
Norwich A Worcester
Ogdensb. A L.Champlain ...
do
pref..
85%
25
43
Iowa Falla A Sioux City..... 85
70
Lltue Rock & Fort Smith
175
Manchester A Lawrence
Revere Beach A Lynn
Vermont A Massachusetts..
Gan and City Railroad Stocks and Bonds.
169%
110
Concord
Connecticut River
Conn. A Passumpslc
do
124
115
...
do
Old Colony, 7s
OH Colony, 6s
stocks.
85
70
120
70
146
110
170
130
90
125
Delaware mort.. 6s. various..
Del. * Bound Br., 1st,7s, 1905
East Penn. 1st mort. 7s, ’88
E1.& W’msport, 1st m.,78,'80. 112
100
do
5s,perp
Easton A Amboy, 5s
Harrisburg 1st mort. 6s] ’83... 104
H. * B. T. 1st m. 7s, gold, *90.
do
cons. m. 5s, 1995
Ithaca* AthenB 1st g d, 7s.,’80
..
7s
<nrl. A Mo., land grant
do
Nebr. 6s.
do
Nebr. 6s
do
Nebr.4s.
isT
Cam. * Burlington Co. fa.**?.
Catawlssa 1st, 7s, cony., ’82...
do
chat. m.. 10s, *U»...
( o
new 7s 1900. ......
Connecting 6s, 1900-1904......
98* Chartlers val., 1st m.7s.C.,1961
Boston A Maine
,
135
,
Income
7b
Albany 7s
150
111
2'5
.22
Bid. Ask
sEcrxmxa.
BONDS.
Balt. * Ohio 6s, 1885,A.&O. ..
N. W. Va. Sd m.,guar.,*85,J*J
Plttsb.* Conneirsv.78,’98,J&J
108
Northern Central 6s. *85, J*J 106
119
do
6s. 1900. A.&O.
do 6s, gld, 1900, J.ftJ. ii’4% 114%
Cen. Ohio 6s, lstra.,*90,M.& S.
W. Md. 68,1st m., gr.,’90,J.&J.
1st m., 1890, J. A J....
do
do 2d m.,guar., J. * J.,.
2d m.,pref....
do
do 2d m.,gr. by W.Co.JAJ
do 6s, 3d m.,- guar.. J.A J.
Mar. * Cln. 7s, *92, F. A A ... 121% 122%
88
87
do
2d, M. * N
do
8s, 8d, J. * J...... 45% 47
Union RR. 1st, guar., J. * J..
do
CftDton endorsed
i.*~
Consolidated Gas
Do
bonds
40%" 4M£
100% 10H(
Railroad Earnings.—The latest railroad earnings and the
totals from Jan. 1 to latest dates are driven below. The state
ment includes the gross earnings of all railroads from which
New York City Banks.—The following statement shows
condition of the Associated Banks of New York City for
week ending at the commencement of business on Oct. 1.
and
column:
/—Latest eamxngs
reported—, r-Jan. 1 to latest date.
1880.
1881.
1880.
1881.
Week or Mo.
Al*.Gt.Soutbern.August.... $68,187 $58,579 $470,791 $392,070
Atoh.Top. A 8. Fe. August
981,000 674,228
Boat* N.Y.Air-L. July*
25,306 26,184
159,149 158,876
Bor.C.Rap. ANo. .3d wk Sept
42,990 1,534,444 1,409,712
52,595
CUro A 8t Louis.2d wk Sept
8,686
8,943 287,206 273 693
Central Pacific...August...!2,059,000 1,973,437 14,807,926 12.318J96
Ghee. <fe Ohio
August.... 262,858 259,110 1,787,245 1,756 382
CfcloagoA Alton .4th wk Sep. 183.701 183,613 5,462.525 5.661,529
Chic. JBurL&Q...July
1,888,353 1,773,643
10,986,904 11 433 248
31,426
Chle. A East. Ill..4th wkSep.
36,458
~
25,018
*
rKnlAG.Trk.Wk.end.Sep.
*
31,358
10
StMJ-wp:«re5:
^»2b°:.«sep.
Cincinnati South .August....
gRSffeStSfrtll®
SL4H°oky &o.8eptemb’r.
397,364 12,012,000 8,723,147
710,470 15,558,632 13,977,268
224,737 2,369,223 2,070,425
2.799,207 2,124,978
596,406
467.223
1,476,905 1,521,409
f«
5g:|g 62.564
#1
• |I
22i^61
139,444
142 532
. Q2 000
Deliver A Rio Gr 4tnwi£oep.
|
232.000
DwM.4Ft.Dodxe.3dwk Sept
12.7b6
9.160
DubuqueA8.City.3d wk Sept
fcMtnrn
LatTenii.V.
August
AG.3 wks Sept
21,908
332,000
203,280
302,38U
216192
DLLojo
79o,242
oag,oi£
749,239
216 192
20,199
3,716,377
120,085 3,886,879
7.613
00,325
54,334 1.567,565 1761*949
1,763 93^
nio
114.277 2,466,586
2* is4’208
629.725 4,905,397 4,711, 00
619.669
193,941
46.634
52.696
90.936
8p...September.
ln?SmNorth..4th wkSep.
2l23<y,480
279.238
195,042
4/, 654 1,354,926 1,133,125
G?t
A
302,134
ovq
29.721
31,200
Flint A Pere Mar .4th wk Sep.
47,812
GaLHar.ASan A.1st wk July ,21.176
Western. Wk.end.8ep. 30 123,799
OPn Bay A Minn.3d wk Sept
8,051
Gull Col. A S. Fe.September. 120,196
HannibalASt. Jo.3d wk Sopt
44,61b
HouBt.E.AW.Tex. August
l2’%2,
Houst & Texas C.2d wk Sept 101.670
IllinoisCen. (Ill.).Septemb’r.
Do
(Iowa) .Sep temb’r.
tlndlana Bl. A W.4th wkSep.
287,941
192.000
24,462
DetLans. ANo..lstwk Aug
683,906
710,814
3,320 474 3,287,864
o
|4,208
178,111 1,349,831 1,256,o57
40,,14
••••■-
Q/iaVoi*
44,836
378.381
308,2-L
62.504 1,875,330 1,170,313
Iff III ||M97
{5K‘&MoWRt.Mir.kSe.?.t;
oqo'TaO
Louiav.
Nashv.4thwkSep. 290,100
Ifl’llf
286000 8,144.351
6588749
8
280,600
6,588.7
22,433
745,99b
843,488
4.173
161.558
137.972
12,550
414,590
283,953
&
Memp. A Chari.. .4th wk Sep.
Memp.Pad.ANo.2d wk Sept
MILL. 8h.A West.4thwkSep.
20,048
4.605
20.073
58.o27
251.612
215,325
209,014
Mixm.ASt.Louis.2 wks Aug.
650.934
£0,061
tMo. KanB.ATex.4thwkSep.
180,234
Missouri Pacific .4th wk Sep.
183,897
Mobile A Ohio....Septemb’r.
Nashv. Ch. A St.L.Septemb’r. 171.000
167.473
N.Y. L. Erie AW. July
1,787,0811.580,976
N.Y.AN. Engl’d. August.... 267,514
249,885
649,686
413,911
5,571,513 4,196,611
ifls
1
1,470,168
1§4,246 1-621,843
1*568,970 1.513.0/3
11,784,474 10,672,040
........
2,6/6.860 2,211.531
N.Y.N.H.AHart.June
N.Y. Pa. A Ohio..August....
Norfolk A West... August
488,440
369,116
455,032
190,682
Northern Pacific-Septemb'r.
490,036
476,546 3,611,686 3,331,714
179,947 1>|57.999 l’2|®'x:?
453,923 **,600,685 3,120. 1
330,500 2,541,o87 1,729,70
Northern Central. August—
498,008
Ohio Southern—4th wkSep.
6.488
- --•■-**
in'daoi
389,335 3,057,435 2«476,627
Pad. AElizabetht.lst wk Sept
7,985
12,067
344,093
^o6,108
Pennsylvania
August....3,809,978 3,723,35o 29,144.23a 26,607,070
Oreg’nR.Nav.Co.Septemb’r. 446.458
Peoria Dec. AEv.3dwk Sept
14,289
Philadel. A Erie..August.... 303,849
Phlla. A Reading. August....2,000,986
*t.L.Alt.AT.H. ..3d wk Sept
27,236
Do
(brohs).3d wkSept
17,550
04
T
29,63d
142,900
13,657
86,024
83,043
8,719
Wisconsin Cent ..1st wkSept
28,568
20,540
'
~
81,157
1,007,331
1,031,332
524,912
477,279
17,526
132,005 5,203,727 4,288,229
8t.L. A San Fran.4th wkSep.
BtP.Mlnn. A Man. 4th wk Sep.
Scioto Valley
4th wk Sep.
'
o
0.9,532 482,714 293,3 9
347,532 2,318,545 2,431,029
1,531,813
Bt.L.IronMt.A8.4thwk8ep. 141,698
„
1,876.054
2,279,441
3.236,470
the
the
Average amount of
The columns under the heading
date” furnish the gross earnings from Jan
including, the period mentioned in the second
obtained.
returns can be
44
Jan. 1 to latest
1 to,
383
THE CHRONICLE.
8, 1881.]
OCTOBER
Capital.
Banks.
Specie.
X)
X)
►0
2,000,0001
New York....•••
Manhattan Co..
Merchants.....
Mechanics'
Union
America
Phoenix.
2,060,000
2,000,000
2,000,000
1,200,000
3,000,000
K)
>0
10
K)
0
1,000,000
1,000,000
1,000,000
Fulton
600,000
Chemical.......
300,000
Merch’nts’ Exch
1,000,000
Gallatin Nation
1,000,000
Butchers’&Drov
300,000
Mechanics’ & Tr
200,000
Greenwich....
200,000
Leather Man’f’rs
600,000
Seventh Ward..
300,000
State of N. York
800,000i
American Kxoh.
5,000,000
Commerce
5,000,000
1,000,000
Broadway
Mercantile
1,000,000,
Pacific
422,700
1,500,000
Republic
Chatham
450,000
200,000
People’s
North America.
700,000
City
;••••
Tradesmen’s...
Hanover
Citizens’
Nassau
Market...
St. Nicholas
Shoe A Leather..
Com Exchange..
Continental
Oriental
1,72?,50(
487,700
077.OOC
32.000
133.000
59.300
179.200
4,968,000
7,066,200
3.407.000
8.550.500
432.30C
^3.400
034,200
2,305.000
2.320,000
904,500
1,808.300
829.100
i0
t
0
0
0
C
0
338.800
724.500
133,800
192,000
1
1,000,000
500.000
D
3,000.000
600,000
1,000,000
500,000,
3
880,600
476.000
3,237,000
289,900
"232.700
514,000
287.*00
773,00c1
323,000
1.181.300
a
?
3
J
3
:
1
20.800
551,000
5.802,800
1
)
}
1
3,901,300
1
152,700
43.800
153,100
4,487,200
430,000
579.000
1
1,389.700
3,831.700
1,56,3,500
100,300
145.000
85.300
30«,400
1.275,400
369,000
17,700
90,100
1,660.300
1,411.700
2,618.600
4,566,600
1.851.100
1.467.100
1,868,900
4,611,000
200,000
..
7.020.000
530,500
10
.
German Exch.
Germania
U. S. Nat
338.000
10.600
J
[)
500,000
1,000,000
1,000,000
300.000
Marine
400,000
Importers’ A Tr.. 1,500,000
2,000,000
Mech. Bkg. Ass’n
500,000
North River.
240,000
Bast River....
250,000
Fourth National. 3,200,000
Central Nat....... 2,000,000
Second Nation 1.
300,000
Ninth National..
750,000
First National..
500,000
Third National.. 1,000,000
N. Y. Nat. Exch..
300,000
250,000
Bowery National
N. York County..
200,000
Germ’n Amerio’n
750,000
Chase National..
300,000
Fifth Avenue....
100,000
1,453,00c
793.800
10
>0
500,ooq
360.000
309.30C
159.00C
....
Irving.....
Metropolitan...
490,000
6.301.600
5.292.500
570,30C
3.U11.80C
489,100
502,50C
K)
K)
K)
200,000
500,000
tion.
772,100
$
244,000
263,500
185.20C
0
C
0
Circula¬
other
than U. S.
%
8.426.000
%
1,0?2.O(X i
877.0OC 1
2,060,30c
454,200
0
Net dept’s
Legal
Tenders.
1,100,600
1.100
267,000
2.056.400
1.268.500
794,266
326.600
521,400
12.945.200
3,855,800
54,000
44,000
130,000
161,300
81,100
2 615.000
778.200
1.512.000
241,300
993, .000
911,400
174.000
82,200
70,800
480,000
900,800
109,100
283,300
117,000
180,400
143,900
94.200
285,000
913,100
300.300
170,000
230.900
72,900
109.400
63.600
110.000
51,000
73.800
333,000
154.000
157.400
333,000
10,500
186.60C
72.500
515,100
1,384.000
.'280,000
230.000
107,500
252.200
103,400
221,000
415.000
23.600
57,000
134.0)0
1C9,«00
210,500
40,800
’
2.041.400
1.002.000
3.178.400
10.881.000
8.775.700
674,700
2,700
474,000
32.700
16.700
1.028.866
3.987.500
904.900
6,090.200
2.440,000
2.726,100
3.421,300
1.701.700
2.749.700
7.326.400
1,125,000
45,000
5,400
799,500
791,100
417,000
3.014.400
12.991,000
2.103.600
2.658.400
2.564.600
1,4t6.10C
3.420.000
3.189.600
7.143.400
2,009.500
3,434.000
23.064,200
20.715.30C
2.250,000
450,000
449.800
450,000
4.600
7634500
45,000
1,111.300
45,000
704.900
1.301.200
865.700
324.500
19,931,300
8.113.000
3.617.000
6.078.000
810,000
1.260.000
45,000
594.400
444.700
17.626.700
0,673.500
1.144.700
1.422,000
1.678.200
269.900
223.400
180,000
2.291.300
5.159.200
91466
1.967.9 0
1.541.400
1.621,800
4.876.700
449.600
19,859,100
3(
61.162,700 330,497,1)' 59,643.200 L4.730.300 308,518,100
Total...
The deviations from returns of previous week are as follows:
Dec. $2,174,900 1 Net deposits
a..Dec. *5,799,30#
Dec. 5,341.200 | Circulation
Inc.
93,909
Loans and discounts
Specie
Legal tenders
Loans.
May**'14....317,730,900
7... .310,850,000
“
21....324,192,800
“
June
“
28....332,025,700
4....341.091,900
11
..
.347,494.900
“
18....340,506,600
25....345,490,700
Ju’y
2....350,491,100
9....352,856,800
10....348.744,400
23... .349,240,500
30... .349,188,400
Aug. 6 ...350.e24.800
13 ...351,024,700
20....349,542,800
27... .343,369,000
Sept 3....337,207,200
10....334,091,900
17
333,625,800
“
‘‘
“
“
“
»
“
“
“
326.90C 1
Dec.
The following are
the totals for a senes of weeks past:
Specie.
L. Tenders.
Deposits. Circulation. Agg. Clear
73,340,500 16,024,000 305,033,900
76,887,700 17,134,100 3t6,8l8,400
80,518.500 17,873.000 320.011.700
79.134,800 18.633,800 832,182.800
76,052,100 18,325,300 339,548.000
76,902,800 13,313,300 345.043.200
75,011,000 18,474,300 344,307,600
77,091,500 18,092,900 313,010,800
76,415,000 17,112,300 340,466,400
77,728,500 10,284,300 349,813.000
81,946,900 17,058,700 351,199,500
81,491,400 10,752,000 352 053.800
81,043,400 16.931,800 351.777,900
.
18,604.2001144.476,789
18,596,900 1078,352,065
19.135.300 1212.847.062
19.301.200 1198.726,141
19.263.300
19.230.100
910,391.800
W 78.180.859
19.305.300 1019,215.091
19.144.300 953.5074
.
.
_
19,170,800 »14,724,^
19,149,200 351 848.909
19,181,800 844,810,881
19,185,300 934,014.125
19,212,900 932,788,326
76.510,900 16,060.000 347,342,700 19.360.600
71,841,100 15,927,000 342.722.400 19.486.000
07,138,400 15.842.800 334,795,600 19,506,000
82,151,400 10,210,900 323.721,300 19,590,900
02,34?,800 15,617.900 315,927.200 19.683,200
64,601.700 15,076,400 314,828,200 19,782,200
65,079,700 14,501.800 310.749.500 19.785.800
24
332 072,300 04,984,400 15,057,200 314,317,300 19,705,200
1..’.'!330.497,400 59,643,200 14,730,300 308,518,100 19,859.100
8*7.087^1»
625.049.774
825,491.36a
859,367,418
837.4TB.a64
925.116.406*
773,401.090
South Carolina. ..August....
Oct.
758,155.058
717,712
81,187
75,525
Texas A Pacific..4thwkSep. 105,349
80,066 2,660,053 1,836,701
Unlisted Stocks and Bonds.—The following are the re¬
7,431
rol.Delp. A Burl.3d wkSept
14,833
Nnion Pacific....Septemb’r.2,844,357 2,270,179 19,540,424 16,568,573 ported quotations for securities that are not ** listed” at the
Wab. St. L. A Pac. 4th wk Sep. 334,937
Bid. Asked.
309,225 10,391,881 8,738,335 Stock Exchange:
mdt Asked.
*
5 per cent basis In
t
304,910
2,216,857
233,340
645,305
„
U. S. 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:
Balances.
$
$
1,691,378
1.561,542
1,001,618
1,472,985
19
04
61
62
2,058,759 91
Total.
Currency.
Coin.
11,245,854 38 11,576,642 08
3,389,172 46
3,008,339
1,760,505
1,838,921
1,120,746
96
09
19
68
82,591,044 10
80,971,761 30
79,453,313 70
78,820,101 18
78,336,594 54
79,126,195 73
4,915,319 57
4,836,808 10
4,908,457 78
4.782,783 82
4,900,348 89
5,048,760 93
19,032,138 75 22,694,327 46
Coins.—The following are quotations in gold for various
Sovereigns.
$4 32n»®$4 85*2 Silver 14s and *33. — 99%©
Napoleons
A
X
Reichmarks.
X Guilders
3 83
4 74
3 95
opan’hDoubloons. 15
Mex.Doubloons.. 15
Rne silver bars
..
Pine gold bars
"hues A ** dimes.
55
50
©
3 86
4
3
©15
©15
©
©
76
97
70
60
1 12*8® 1 1278
par © *4 prern.
—
99»8©
par
Co. 40
*45
Co. 100
* 115
Atlantic A Gt. West..
Including leased lines.
\ Including Ohio Division.
Payments.
..
“
Am. Cable Constr.
Am. Railway Imp.
1881; 6 per cent in 1880.
Receipts.
*•
Five francs
Mexican dollars..
Do unoommerc’l.
—
—
—
92 ©
88*4©
87 ©
English silver.... 4 70
Prus. silv. thalers.
—
U. 8. trade dollars
U. 8. silver dollars
—
—
coins:
par.
—
—
—
95
90
83
© 4 80
68 © — 69
993s® —990s
997a® par.
Do
pref
Boat. H. A E., new st’k
Do
old stock....
Boston Air Line, com.-
l7s
94
Continental Constr.Co
Central Railway Con¬
structs Co. (D.L.W.)
Chio. M.A St. P. rights
1»8
Cin. A Georgia subs
Denv. A R.G.subs.new 82
Do
subs., old...
7
E. Tenn.Va. A Ga. old.260
1,000
Edison Electric L. Co.950
120
Edison Ore Mill stock
13
Gr. Bay A Minn. st’k.. 12*3
Grand Rapids A Ind
(. C. A L. assented st’k
Do
old stock....
Internat. Imp. Co. ex.
Iron Steamb’t Co. subs
Do
lstmort.. ..
18
2*s
|1
5
85
Ind. Dee. A Springfd
Kan. A Neb. 1st mort.. 84
Do
2d mort.... 30
4*2
Keely Motor stock
Springs lsts
Lehigh A Wilkesbarre. 32
Lonisv. A N. rights
Mid.RR.of N.J.ass.stk
Lebanon
Do
Do
A stock
B stock
Mexican Nat. subs., ex
Do
Do
bonds
stock
2*4
Mut. Union Tel. subs..
Missouri Pacific rights
N. J. Southern
N.Y. Loan A Imp. Co
N. O. Pacific subs
North River Const. Co.
N. Y. Ch. A St. L. subs
....
*4
1^
15
Oregon Imp. Co. 1st M. 9 A
Do
stock
80
Oregon Trans., full p’d 70
Do
part paid
Oregon 8. L. subs
Ohio Central subs
83
Pacific R’y Im. Co.,ex." 100
Pittsb. Cin. A St. L.... 20
Pullman Pal-Car rig’ts
6^
Rooh’r A Pitts’grig’ts^
So. Carolina RR. stock ....
Do
2d mort
120
Do
non-mort
Selma Rome AD. 1st M
Do
2d M. stamp
4
Do
2d M., clean
3
Do
incomes....
3
Do
stock
St. Jo. A West, stock.. 15
St. Jo. A Pacific 1st M. 87
Do
2d mort
Scranton Construction 80
Texas,St. Louis RR.sub 94
Texas Pacific sub.
Texas A Col. Imp
U. S. Electric Light
Co.160
Vicksb.Mer’n com.st’k. 10s4
—
*
Premium,
t Discount.
V
95
-
fHE CHRONICLE
384
have been in favor of the Troy & Boston Hoad; but as this
decision is from the court of last resort there will be no further
luujesttwjents
AND
STATE, CITS AND CORPORATION FINANCES.
of the
of States and Cities and of the Stocks and Bonds
The Investors* Supplement contains a complete exhibit
Funded Debt
of Railroads and other Companies. It U published on the last
Saturday of every other month—viz., February, April, June,
August, October and December, and is furnished without extra
charge to all regular subscribers of the Chronicle. Single copies
are sold at $2 per copy.
-
INDEX SINCE AUGUST SUPPLEMENT.
The following is an index to all reports and items heretofore pubished in the Investment Department of the Chronicle since the last
issue of the Investors’ Suitlement; annual reports are indexed in
black-faced type:
Adirondack
303, 356
Alliance Coal Co
American Iron and Steel
Arkansas State Debt
356
224
328
Atch. Top. & Santa Fo
Atlanta & West Point
357
Atlantic & Pacific
224
356, 357
Boston & Albany
Boston A Lowell
224
225, 254, 357
Canadian Pacific
Carolina Central
Central Pacific
224, 254
357
251, 327, 328
Chicago & Alton
Chic. Burl. &
Q
224
224, 281, 328
321
Chicago <fc Iowa
Chic. Milw. & St. Paul
254
Chicago & Northwest
322
328
Chio. Pekin <fe Southw
Chicago R. I. & Pacific
357
Chic. St. Paul Minn. & Om.. ..
225, 357
Cincinnati <fc Georgia
254
Cim Ham. & Dayton
281
Cincinnati Southern. 225, 281, 328
281
Clev. Col. Cin. & Ind
Clev. Mt. Vernon & Col
225
Col. Chic. & Tnd. Cent
357
Col. Hock. Val. &Tol.225, 254, 303
Concord
225, 254, 357
Connecticut & Passumpsie
...
.327
Bayton & Southeastern
303
Detroit Hilsdale & Southw.... 225
Denver & Rio Grande
303, 329
Bast Tenn. Va. & Ga
303, 357
254
Eureka <fc Pa isade
Evansville & Terre Haute
357
Fiint & Pere Marq
Framingham & Lowell
Grand Rapids & Indiana —..
Hannibal & St. Joseph.. .298,
Illinois Central
Indianap. Dec. & Springf.303,
Indianapolis Peru & Cbic
International & Gt. No
•
254
303
225
303
357
358
281
358
Kan. City St. Jo. & Council B. 328
Kentucky Central
358
Lake and Canal Rates in Aug. 304
Lake Erie & Western
358
Lake Shore & Mich. So....225, 321
Long Island RR
225, 303
Louisiana Western
218
Louisville & Nashv.. .225, 322, 358
Louisv. N. A. & Chic
Manchester <te Keene
Manhattan Elevated.255, 282,
255
358
Metropolitan Elevated
304
—
225, 358
Bonds....282,
,
904
255, 282
304
Mobile & Ohio
281!
Mo. Iowa & Neb
Missouri Pacific
Mutual Union Telegraph
329^
32Q
358
225
304
255
JVashv. Chat. & St. L.304,329, 356
Nehama Co. Land <fe Loan Co.. 276
N. Y. Chic. <fc St. Louis
255
New York City Finances
244
New York Elevated
2 82, 304
N. Y. Lake Erie & West
329
N. Y. & Now England
329
N. Y. New Haven & Hartf
224
N. Y. Ontario & West
358
N. Y. Penn. & Ohio
226
N. Y. Susq. & West
255, 282
N. Y. West. Shore <fc Buff. .226, 359
Norfolk & Western
357
North Side (L. I.)
226
Northern Pacific
302
Northwestern Telegraph Co... 358
......
Ohio Central
305
Ohio & Miss
275, 304, 358
Ohio Standard Coal & Iron Co. 329
Oregon & Transcon’al Co
Pacific Mail
Pennsylvania RR
256
256
226, 358
Philadelp’a & Chester County. 326
Phila. <fc Reading —226, 256, 329
PhPa.
Wilming. & Bult
21S
Pittsb. Bradford & Buffalo
359
Potomac Fredericks’.). & Pied. 256
Pullman’s Palace Car Co
302
Republican Valley
Rich. & Allegheny
305
226, 305
St. Johnsbury & L. Champl’n. 327
St. Louis Bridge
224
St. Louis Iron Mt. & So
275
St. Louis Keokuk & Northw... 256
357
St. Louis & San Fran
St. Paul & Duluth..
329, 359
St. Paul Miuneap. <fc Man
254
St. Louis Texas & Gulf of Mex. 218
Shenandoah Valley
357
Sterling Mountain
359
Texas & Pacific
Texas & New Orleans
256
218
Union Pacific
359
U. S. Bonds Redeemed—105th
Call
Utah Northern
Valley (O.)
Virginia Midland
Wab. St. Louis & Pac
304, 358
Marietta & Cincinnati....255, 304
Mexican Pacific
Michigan Central
Minnesota State
West Jersey
Western North Carolina
Western Union Tel
359
346
247
256, 275
224,
256, 305
256
346
282, 305
GENERAL INVESTMENT NEWS.
Adirondack.—It is said that the new company to be organ¬
ised by the purchasers of this read at the recent foreclosure
Bale will issue $4,000,000 first mortgage bonds for the purpose
of extending the road from North Creek, N. Y., its present ter¬
minus, through the wilderness of Ogdensburg.
Bondholders
joined in the purchase will receive about 30 per cent of
the par value and accrued interest of their old bonds in second
mortgage bonds and stock of the new company. Those who
did not join in the purchase will hardly receive more than 3
per cent on their claims from the proceeds cf the sale.--i2. R.
who
Gazette.
Anderson Lebanon & St. Louis.—A dispatch from
‘
Indianap¬
olis
says: “ By an arrangement authorized by the United States
Court here on petition of John Lee, President of the Anderson
Lebanon & St. Louis Railroad, the foreclosure suit of the bond¬
holders is to be withdrawn and the road completed. Five thou¬
sand dollars will be advanced at once by interested parties to
be used in ballasting and laying ties between Anderson and
Noblesville. This work is to be done immediately.’*
Boston Hoosac Tunnel & Western.—The suit of the Troy &
Boston Railroad against
the Boston Hoosac Tunnel & Western
Railroad Company, in which the Troy & Boston claimed the
old road-bed of the Albany Northern Road, and upon which
fourteen miles of the track of the Boston Hoosac Tunnel &
Western Railroad has been constructed, extending from a point
one mile from the Hudson River to Eagle Bridge, has just
been decided by the Court of Appeals of New York in favor of
the Boston Hoosac Tunnel & Western Railroad Company.
This decision is one of great importance to the Boston Hoosac
Tunnel & Western, .since it removes all doubts of the road’s
claims to their location. Previous decisions in the lower courts
{vol. xxxin.
litigation.—Boston Advertiser.
Chicago Burlington & Quincy.—The Chicago Tribune of
29th ult. says: “ The meeting of the stockholders of the Chi¬
cago Burlington & Quincy Railroad Company, in this city yes¬
terday, was a very listless affair, and everything went off as
laid out in the circular published a few days ago. There were
but few stockholders present, but these held proxies for over
400,000 shares out of a possible 540,000. It is hardly probable
that so large a vote would have been cast for the scheme had
it not been for the fact that every stockholder is in favor of
extending the line to Denver, believing this to be necessary to
the success of this company; but the issue of new bonds ana the
issue of scrip stock were so blended together that it was neces¬
sary to vote for or against both propositions.** * * * “After
the object of the meeting had been explained as set forth in
the circular, a resolution was adopted authorizing the direc¬
tors of the Chicago Burlington & Quincy Railroad Company to
lease or consolidate the Republican Valley Railroad and the
Nebraska & Colorado Railroad, or to take any action they see
fit in order to secure a continuous line to Denver. The Repub¬
lican Valley Railroad is the Western extension of the Burling¬
ton & Missouri River Railroad in Nebraska to the Nebraska
and Colorado line, and the Nebraska & Colorado Railroad is to
be the name of the road from that point to Denver. The action
yesterday makes the scheme an accomplished fact, as the
directors have already decided upon the matter as announced
in the circular. The only other action taken by the meeting
was the ratification of the lease of the Burlington & South¬
western Railroad Company, consummated by the directors
some time ago.”
Chicago & West Michigan.—The Chicago & West Michigan,
the Grand Rapids Newaygo & Lake Shore, the Grand Haven
and the Indiana & Michigan railroad companies are now conr
solidated into one corporation, to be known as the Chicago &
West Michigan Railway company.
The consolidation takes
immediate effect.
The board of directors is composed of
Nathaniel Thayer, C. F. Adams, Jr., Alpheus Hardy, H. H.
Hunnewell, George 0. Shattuck, Charles Merriam, N. Thayer*
Jr., Frank Shaw and Geo. C. Kimball. The roads built ana to
be built extend from La Crosse
branches from Holland to Grand
to Manitoba, Mich., with
Rapids, Mich., Muskegon to
Big Rapids, Mich., from Grand Rapids to Manistee and Holland
to Battle Creek, Mich., a total of 500 miles.
Fort Worth & Denver City.—The Texas & Colorado Railroad
Improvement Company ($5,000,000 ; G. M. Dodge, President;
A. H. Calef, Treasurer ;) has been organized for the purpose of
building the Fort Worth & Denver City Railroad, running from
Fort Worth—the junction of the Missouri Kansas & Texas, the
Texas & Pacific and the Gulf Colorado & Santa Fe—northwest
through the Pan-Handle of Texas to the Canadian River, where
it makes a junction with the projected Atlantic & Pacific Rail¬
road and also with the Denver & New Orleans Railroad, which
is being built from Denver south to that point. The length of
the road to be built is about three hundred and fifty miles.
The
improvement company ffcceives from the
railroad
com¬
pany $20,000 per mile in first mortgage bonds and $20,000 in
stock.
The road is a portion of the Southwest system, and not
only develops a fine agricultural country from Fort Worth
northwest, controlling the Red River Valley, but also makes the
shortest through line from Denver to New Orleans, Galveston
The Fort Worth & Denver City Railroad Com¬
and Laredo.
pany and this improvement company have a contract with
what is known as the “ Southwest System,” of roads, or “Gould’s
System.” which comprises seven thousand miles of road, and by
which, when completed, it becomes a part of that system, either
through traffic arrangements or consolidation. It also has the
same arrangement with the Denver & New Orleans Railroad,
running from Denver to the Canadian River, thus making it a
continuous line from New Orleans, Galveston, Laredo ana City
of Mexico to Denver.—Cincinnati Enquirer.
Grand Trunk of Canada.—The following is the report
the directors for the
half-year ending June 30
of
:
June, 1880.
whole undertaking,
including the Buffalo and Champlain lines,
have been
£991,922
Deduct working expenses at rate of 68 ’80 per
cent, against 68 08 per cent for December
half of 1880.
675,345
June, 1881.
The gross receipts upon the
.
'£1,073,437
738,538
£316,647
10,434
£334,899
13,032
10,167
10,144
£337,248
£358,075
Out of this amount the following half-yearly
interest and rents have been paid, viz :
Interest on five per cent perpetual debenture stock
charges for
Add interest on International Bridge capital..
Add interest on Chicago & Grand Trunk Rail¬
way bonds....
Interest on land loans,
Rents.
&c
Equipment bond interest.
Showing a balance of
£87,290
2,390
96,694
25,238-
£211,703
146,371
£358,075
brought forward from the preceding half-year’s
account, after payment of the preference dividends on March
1 last, was £280.
This amount added to the above balance for
the past half-year of £146,371 makes a total of £146,652 avail'
able for the payment of dividends, as against a total of
The balance
corresponding half-year of 1880. On June 28
Manhattan—^Metropolitan-New York Elevated.—The fol¬
special general meeting of the company, the share¬ lowing figures are taken from the statement prepared by the
holders approved and accepted an act of the Parliament of the Assistant Treasurer of the earnings and expenses of the Man¬
Dominion of Canada, authorizing the payment of the dividends hattan Railway Company from October 1, 1880, to July 14,
fifteen days after the date of each half-yearly meeting ; and 1881:
NBW YORK ELEVATED RAILWAY COMPANY.
accordingly the directors will ask the shareholders at the
Net earnings from October 1.1880, to July 14,1881...... $843,179 62
coming half-yearly meeting to declare the following dividends Allow for transfers at Chatham
Square, 246 week days at
payable on October 12 next, namely: On the first preference
$500
123,000 OO
for
Allow
use of shops, Ninety-eighth and Niuety-ninth
stock, at the rate of 5 per cent per annum, £80,374 ; on the
Streets and Third Avenue, 287 days at $125.'.
35,875 OO
second preference stock, at the rate of 5 per cent per annum,
£58,154; absorbing £138,529, and leaving a balance to be car¬
62*
current half-year of £8,122.
The Less nine and a half months’ interest un funded debt.... $1,002,054
ried forward to the
471,041 00
gross receipts for the half-year were greater than in 1880
$531,013 62
py £81,445, or 8 21 per cent. The working expenses, including Deduct taxes, about
160,000 OO
£123,926 in the
last, at a
•
renewals, amounted to £738,538, or 68 80 per cent, against a
total charge of £675,344, or 68*08 per cent in 1880, showing an
increase of £63,194, or 9*36 per cent, as compared with an
increase in the receipts of 8*21 per cent. The length of line
worked by the engines of the company has been increased
from 1,273/6 miles at December 31, 1880, to 1,406)6 miles at
Jane 30,1881. The additional lines are the Montreal & Champ¬
lain Junction Railway, 11)6 miles ; the Michigan Air Line
Railway, 36 miles ; the Grank Trunk Georgian Day & Lake
Erie Railway, 91 miles; less portion of Montreal & Champlain
line abandoned, 5; total, 133)6 miles. The gross receipts of
the Grand Trunk Company do not include the total amounts
received by the above three companies, but have only been
credited with the revenue accruing to the Grand Trunk Com¬
for working these additional lines, in accordance with the
agreements approved at the half-yearly meeting of April 28
$371,013 62
'
METROPOLITAN ELEVATED RAILWAY COMPANY.
Net earnings from Ootober 1, 1880, to July
Deduct for transfers at Chatham Square
Deduct for use of shops
14,1881
$123,000
35,875
158,875 00
,
Less nine and
a
half months’ interest
Being a deficiency
Add taxes about
Making
a
$726,360 49
to earn interest
on
$567,485 49
on
funded debt
586,315 00
$18,829 51
bonds of
160,000 OO
$178,829 51
total deficiency of
New York Lackawanna & Western.—The Buffalo Express
on the new line of the New York Lacka¬
Railway is making rapid progress at nearly
last.
all points between Buffalo and Binghamton. The work is more
Indiana Illinois & Iowa.—The Indiana Illinois & Iowa than half done. A large force is how at work at the Genessee
Railroad, formerly the Plymouth & Kankakee, is being rapidly River, where the heaviest work is to be done. Crossing the
Genessee at Dansville, the road extends through the southern
pushed from Plymouth, Ind., to Council Bluffs. Work was be¬ towns of Genessee
and Erie counties direct to Buffalo. It is
gun July 1,1881, and the line from Momence to Kankakee is
expected
that
14
miles
of track will be laid in Erie County—
completed. By December 1 the road from Kankakee to Streator outside of
Buffalo—by the last of October. This will reach
will be in operation. The best steel rails are used. The road
will cost between $20,000 and $25,000 per mile. It is expected from the city limits to Alden Centre. The road separates just
to have the entire line (700 miles) completed by the end of next east of Buffalo into two lines, which proceed along the out¬
skirts of the city. The northern or Black Rock line has three
year.
miles of grading finished, and will complete a mile and a half
Lake and Canal Rates in September.—The Buffalo Com¬ of trestle-work next month. From Black Rock to Binghamton
mercial Advertiser says : “ There was no improvement in all other tracks—and there are many of them—will be crossed
business by the water route during September, and the move¬ overhead; while to the south the Lake Shore, Erie, Buffalo
ment of grain was comparatively light, notwithstanding that New York & Philadelphia, Buffalo & Southwestern and Bnffalo
September should be one of the busiest months of the year. Creek railways will be crossed at grade. On this southern line
The following exhibit shows the rate of freight on wheat and the work is being pushed wherever not checked by litigation.
corn from Chicago to Buffalo, also the rate on the same canals
The work on the western division is for many miles very light,
from Buffalo to New York by canal for September in the seasons the only exceptions being in the vicinity of thff crossings of the
named:
Central and Erie branches from Batavia to Attica, where eight
miles
of heavy grading and considerable trestle-work will be
/—r-Lake.—v /—Canal.—*
Lake.—•> .—Canal.—.
Wheat. Corn. Wheat. Corn.
Wheat. Corn. Wheat. Corn. necessary.
This railroad runs in great part away from villages
C/s.
Cts.
Cts.
Cti.
Cts.
Cts.
Cts.
Cts.
and towns, and the locations of stations will be fixed at once,
29
4*3 1875.... 2*5
2*2
70
6*4
1881.... 3-2
4-8
but the public are assured that they will be placed wherever
5*3 1874.... 3*5
32
1880.... 4*4
3-9
5-9
95
8-5
pany
1879.... 5*3
1878.... 4*4
1877.... 4-0
1876.... 26
4-8
41
3-4
2-3
8-1
8-0
7*7
6*2
7-4
7‘1
6*7
5*6
12G
1873
1872.... 14*8
....
11-6
13*8
11*8
12-5
11*3
10-8
101
11*6
12-5
100
says :
wanna
“ The work
& Western
the local traffic
that the road is
can
best be accommodated.
We
are
assured
being well built. The bridges are all of stone
1871.... 9-6
90
or iron, the rails of heavy steel, and sharp curves and steep
41
1870.... 5-6
“It will be observed that in the eleven years named, the aver- grades are avoided. The whole line will be laid with double
track as soon as the road-bed is ready.”
age rate for September has been lower than that of last month
Ohio & Mississippi.—At Chicago, Oct. 5, the question of the
only in twTo instances—namely, in 1875 and 1876. But in those
years there was comparatively little grain in the interior; now receivership of the Ohio & Mississippi Railroad Company made
there is plenty. In Chicago alone over eleven million bushels vacant by the resignation of Mr. John King, was settled by
are held.
The spirit of speculation has run so high and money Judge Drummond appointing to that office Mr. John M. Doug¬
has been so abundant that there has been little dispositon to lass, formerly President of tne Illinois Central Railroad.
realize on grain by shipping it to the seaboard. The result has
Philadelphia & Reading.—The receivers of the Philadelphia
been that vessels running in the several lines to Chicago have & Reading Railroad have decided to pay on and after October
had difficulty in securing down freight enough for ballast.”
18 the unpaid coupons due January 1,1881, on the general
Louisville & Nashville.—The annual report of this company mortgage bonds. Payment of the Pickering Valley Railroad
will be ready next week. From the brief abstract obtained at coupons at the rate of four per cent is now made by Treasurer
the annual meeting, it appears that for the year ending June Bradford. The loan amounts to $322,30#, and bears 7 per cent,
but the
Company offer 4 per cent, as in the case
30th, 1881, the miles of roaa operated were 1,840. The company of other Reading
bonds on which interest has been scaled.
Presi¬
also owns the controlling interest in the Nashville Chattanooga
dent
Bond
states
that
the
proviso
in
the
convertible
7 per
& St. Louis Railroad, 508 miles, and is jointly interested with
the Georgia Central Railroad in use of the Georgia Railroad and cent bonds of the company does not preclude their conversion
into stock, but is simply intended to prevent the holder from
dependencies, 641 miles ; aggregate length of roads in interest
Louisville & Nashville, 3,019 miles. The company is building collecting both the dividend on the stock and obtaining thfrinterest on the bonds, and the conversion can be made before the
94 miles, making 1,532 miles.
Mortgage debt, $46,991,840, or stock books close. Up to October 3 no request or notification
$30,673 per mile. Capital stock, $18,130,913, or $11,835 per
inile. Total stock ana bonds per mile, $42,508. Gross earn¬ of any kind had reached the Treasurer of the company from
ings for year, $10,916,650. Operating expenses, $6,713,132. Net, any person desirous of having convertible bonds changed into
the company’s stock. From the books, it appears that William
$4,198,578. Other income, $225,209. Total income, $4,423,727.
H. Vanderbilt has registered 25,000 shares of stock up to
-jixed charges, all kinds, $3,079,088. Dividends, 6 per cent, Thursday, but this is a relatively small amount, as the par of
$1,087,800. Surplus, $256,839. Total surplus forwarded to
shares is only $50, and unless Mr. Vanderbilt registers a large
next year’s income
account, $485,221.
amount before the books close on Saturday, his whole Reading
Manhattan.—The receivers of the Manhattan Railway Com¬ manoeuvre will come down to the level of a minor stock oper¬
pany sent the following notice to the stockholders of the com¬ ation.
pany
:
Under
order of the
Supreme Court of the State of New
*orh» dated September 29, 1881, the undersigned, receivers of
Manhattan Railway Company, will receive offers for
$1,000,000 of the certificates of the receivers, issued pursuant
to said
order, payable as provided therein, with 6 per cent
interest. The order also
provides that the certificates shall not
issued unless the whole amount of $1,000,000 be taken at
A copy of the order of the Court
may be seen at the office
ot tne
undersigned, No. 195 Broadway, New York.
(Signed)
John F. Dillon,
_
an
•
1
A. L. Hopkins,
Joint receivers.
Rich. & Dan.—West. No. Car.—A hot contest is in progress
the Western North Carolina RR. A dispatch in the Times
from Raleigh, N. C., Oct. 1, says: “ Senator Vance, in a pub¬
lished address, charges that Gov. Jarvis withheld the contract
made between the Commissioners and Best from the 25th of
over
May last to August 1, and did not communicate the same to
Clyde, Logan and Buford, and retained the $250,000 deposited bv
Best at the same time to be tendered to Clyde, Logan and Buford,
until the same date, August 1. He also says that Gov. Jarvis
was responsible for the delay attending the notification of
Clyde, Logan and Buford of the aforesaid contract. The meeting
of the Commissioners called-for by Senator Vance will probably
be held in Charlotte next week. Great efforts are being made
-
THE CHRONICLE.
386
every
day to influence and control Jarvis and Worth to aet with
No extension of time to complete the Western North
Carolina Road to Point Rock and Pigeon River has yet been
Vance.
i Vol. XXXIII.
per day, something very
struction. L
granted to the Richmond & Danville Company. The attention
of the people is now directed to the next meeting of the Com¬
missioners. The possession of the Western North Carolina
Road by Best depends upon the forfeiture of the contract, for
which Senator Vance is working ni^ht and day. There is a
difference of opinion as to which side Jarvis and Worth will
take; but the stronger and better-informed opinion is that they
will grant an extension of time, and thus give the victory
to the Richmond & Danville Company, because an extension
will enable them to complete the road in accordance with the
rarely accomplished in railroad
Toledo
>y the
i Co.,
Delphos & Darlington.—A circular has been issued
bankers of this company, Messrs. George William Ballou
from which the
“The Toledo
as follows—
following is condensed:
Delphos & Burlington system (narrow gauge) i»
Toledo Division—From the city of Toledo, Ohio, to the city of Ko¬
komo. Ind
St. Louis Division—From Kokomo, Ind.. to East St. Louis
Davtou Division and Shanesville Branch—From Delphos to the
contract.”
St. Louis Iron Mountain & Southern.—The contract for
building 100 miles of the Louisiana and Southwestern Branch
of the Iron Mountain Road has been let to J. B. Colt & Sons,
late contractors on the Texas Pacific road. The new road
starts from Knobel Station on the Iron Mountain main line in
city of Dayton, Ohio
Cincinnati Northern Division—From Cincinnati
185
28
5
818
“Progress in detail—The Toledo Division is completed, running
regular trains, and earning more than the interest on its bondea
debt.
“
The St. Louis Division is in process of construction, about
eighty miles are in running order, and the entire road, it i»
Globe-Democrat.
expected, will be finished from St. Louis, Mo., to Kokomo, Ind.,
by the 1st of January next.
The Dayton Division is running regular trains, and earning
44
than the interest on its bonds.
The Cincinnati Northern Division,
more
“
Cincinnati, is being rapidly
St. Paul & Duluth.—The committee of stockholders, after
careful examination into the affairs of the company, unani¬
as
55
Total mileage
rolling stock on the 1st of J uly, 1882. The contractors gave
$100,000 bonds for the completion of this contract.—St. Louis
of $472,216
102
Dayton
the Iron Railroad, and branches
The Iron Railroad (and spurs)—From the city of I ronton, Ohio, to
the Dayton it Southeastern connection
The Spring Grove Avondale <fc Cincinnati Branoh—Through the
suburbs of Cincinnati and the Zoological Garden
Forrest City, a point on the Little Rock & Memphis road. It
is intended to continue this branch to the Louisiana State line.
The contract with Colt & Sons is for clearing and grubbing,
right of way, grading, masonry, bridging ana tieing the roaa.
The Gould company furnish the rails and spikes, and the con¬
tractors are to complete and deliver the road ready for the
sum
to
181
268
Dayton <fc Southeastern Division—From Day ton to the terminus of
Arkansas, near the Missouri line, and runs southwardly through
several counties not now provided with railroad facilities, to
mously reported to the board the
eon.
properly
applicable
to the payment of dividends to the preferred stock¬
holders to
connecting Dayton with
pushed to completion, and will be
of the most profitable divisions of the system.
The Spring Grove Avondale & Cincinnati Railroad
one
“
is being
built within the city limits of Cincinnati, and will be identical
with the Cincinnati Northern Division.” ***** The Cin¬
cinnati Northern owns all the stock of this road, and guarantees,
July 1,1881, and recommended that certificates of its first
mortgage bonds.
preferred stock be issued to the preferred stockholders for 10
One of tne most valuable acquisitions to the Toledo Del*
per cent on the amount of preferred stock held by them
respectively, with scrip for any amounts less than a share of phos & Burlington system is the Dayton & Southeastern Divi¬
stock. At a meeting of the board of directors the report was sion, already completed and running southeasterly from
through the counties of Greene, Fayette, Ross, Vinton
adopted, and in conformity therewith a dividend of 10 per Dayton
ana Jackson, to Wellston, the centre of the great coal belt of
cent in preferred stock was declared to preferred stockholders
Jackson County.” * * *
of record Nov. 1, 1881, and payable to them or
their lega
We believe that this
representatives on and after that date, in lieu of all dividends to success, and we ask for it enterprise meets every condition of
only the most thorough investigation
July 1,1881.
“
“
Taxation of Deposits.—The
Deposits.
following is the decision of
Commissioner Raum in regard to the taxation of deposits :
44
Where money, checks or drafts are received by a bank or
banker and carried to the credit of the person who delivers the
same or for whose use the same are delivered, they become an<
system is complete within
are a
to check
Baltimore & Ohio
deposit in the hands of the bank or banker, and if subjec;
or draft, or payment* on the return of a certificate of
deposit, or other evidence of debt, they are a deposit subject to
taxation, whether the money be payable on demand or at some
future day with or without interest, and whether the depositor
be secured by collaterals or not. But where a bank which by its
charter has authority to borrow money, or a private banker
goes into the market and negotiates for and borrows money,
to secure the payment of which notes are given or bonds or
stocks pledged, the money so obtained is not a deposit and is
not subject to taxation as such.
Deposits made with a bank or banker, and mixed with the
other funds of the bank, although received for special purposes, such as, for instance, to pay dividends or interest coupons,
or to provide for other payments, are subject to taxation.
But
a special deposit of money held intact to be returned to the
depositor is not subject to taxation as a deposit.
“ Banks and bankers, when making up their returns for taxa¬
tion, are not entitled to deduct from the balance of deposits
shown upon their books, amounts of money in possession and
not invested, nor amounts of money re-deposited with other
^
•
The railroad
termini are Toledo, St. Louis, Cincinnati
and Ironton. It runs through a thickly-settled region, where
crops are abundant and the people prosperous.”
Trunk Line War.—Mr. Garrett’s extended reply to Mr. Van¬
derbilt’s first charge contains a few statistics as follows : “ The
44
'
of careful investors.
itself. Its principal
banks or bankers.
“
The business of a broker is to negotiate purchases or sales
of stocks, bonds, exchange, bullion, coined money, bank notes,
promissory notes, or other securities. He takes no possession
broker of the subject matter of the negotiation.
Every person, firm or company having a place of business
where stocks, bonds, bullion, bills of exchange, or promissory
notes, are received for discount or for sale is regarded in law as
a bank or as a banker, and the capital and deposits of such bank
or banker are subject to taxation, as
provided in section 3,408,
as
44
United States Revised Statutes.
44
Where checks or drafts are received for collection and
remittance, and
as
nas the advantages of distance to Baltimore
compared with the New York Central to New York, namely:
Jdiet.
148
From Chicago
From 8t. Louis
From Louisville
From Cincinnati
248
And from all points south of Baltimore,
timore to New York
committee on railroads of New York in 1879 on behalf of th*
New York trunklines: ‘It is the cheapest road of the trunk
lines to operate, from the fact that it rnns a great portion of its
distance through most valuable coal fields. Whilst the New
York Central is paying three or four or five dollars a ton for its
bring it right out of the pit and
engine at a cost possibly of 80 to 90
cents a ton. ' The advantage it has in point of fuel far over¬
balances any advantage tne New York Central may have in
grades.’ The injudiciousness of this breaking down of rates to
an unremunerative standard is shown very distinctly by th*
statistics in regard to the tonnage and revenue from through
traffic over the four trunk lines during the months of July and
August compared with the correspinding months of last year,
namely :
coal, the Baltimore & Ohio
dump it into the
car
“
1881
Texas A Pacific.—The Globe-Democrat of St. Louis reports
that the Texas & Pacific is completed to a point 704 miles west
of Texarkana, and that fifty miles of new road were just
received,
inspection having previously been made. There
are but 125 miles yet to be completed to take the track to
El Paso. The contract calls for the completion of this distance
by 12 o’clock on the night of December 31, 1881, but it now
looks as though the last rail will be laid in El Paso in time to
let the laborers eat their Christmas dinners in that city. It is
contemplated that fully seventy miles of track will be laid
in the next thirty days—an average of two and one-half miles
an
972,297
69,135
Decrease
966,253
August, 1881
“
963,707
1880
2,541
Increase
August, 1880
Green B. Raum, Commissioner.”
1,041,431
“
should be treated
& so held it
can
of the
July, 1880—Tonnage
are
subsequent time, during the period it
as a deposit.
188
It also has proven, for a series of years, that its expenses of
operating show it to be the cheapest road of the trunk lines,
and to quote from evidence given before the special assembly
July, 1880—Revenue
a
288
viz., the distance from Bal¬
44
collected and remitted for the following
day, the collections should not be treated as a deposit ; bu^
where the money collected is held by the collecting bank and
remitted at
288
,
“
1881—
Decrease
“
$2,958,300
1,908,075
“
.
1881
$1,050,225
$2,709,976
1,668.606
1,041,378
Decrease
Revenue lost in two months
This decrease is actually of net
rate would bo for one year
$2,091,595
earnings, and at tlie same
-
$12,549,570
Wabash St. Lonis & Pacific.-At the special meeting
the stockholders of the Wabash Railroad Company, held at
of
St.
Louis, the proposed consolidation of the Danville & South¬
western and Cairo & Vincennes roads, making a line from Dan¬
ville to Cairo, Ill., was confirmed by a large vote of the stock¬
holders, and the additional property was added to the Wabash
road on October 1, making the mileage then under operation
October
ander the Wabash system, 3.257. The lease of the St. Louis
’bridge by the Missouri Pacific and Wabash St. Louis & Pacific
was also approved by the vote of their stockholders represented.
concludes the final ratification of this lease,required before
into effect, and under it the bridge and tunnel will pass
into the possession of the Missouri Pacific and Wabash roads, on
Jhe dTonxnxercml Jinxes.
COMMERCIAL
This
it goes
October 1.
Western
Union Telegraph.—-A suit has been brought by
Johnson against the Western Union Telegraph Com¬
pany for the purpose, as is supposed, of ascertaining how the
Ust dividend of the company was paid. Dr. Norvifi Green
offered to go before the referee himself and give them such
Oliver T.
information as was desired. The offer was accepted, and Dr.
Green went before the referee, Mr. Thomas H. Rodman, of
the firm of Rodman & Adams, and made 9 statement in refer¬
ence to the matter, of which the following is a summary
reported in the New York World:
In the first quarter of the present year the Western Union
Telegraph Company received an extraordinary dividend from
the International Ocean Telegraph Company of 10,385 shares
of its capital stock. Of this dividend 5,600 shares were sold,
realizing $475,405, which was placed in the Treasury of the
company to meet the undertakings of the company in the con¬
struction of telegraph lines and the purchase of lines, stocks
and properties. The item of International Ocean Telegraph
Company's stock in the last annual statement is set down at
a cost value of $961,606.
The company have now 15,170 shares
of stock, which is selling at 103, and has therefore a market
value of $1,562,510, or about 62 per cent more than it is rated
iu the surplus. The actual results of the first quarter, on the
supposition that revenue from the sale of stocks received for
dividend was not applicable to stockholders, were as follows :
$148,285 14
Surplus January 1, 1881
Het revenues, quarter ending March 31, 1881
Totals
Less
1,700,412 13
$1,848,697 27
475,405 00
-
received for sale of dividend from I. O. T. C
Het from ordinary income
It required for divideud
It required for interest and
Total for dividend, interest
..$1,373,292 27
*.$1,200,000 00
sinking fund..
127,005 35
$1,327,005 35
and sinking fund
Surplus
Invested in construction and purchases of
stocks and properties during quarter
Realized from sale of part of dividend stock
telegraph
$46,286 92
$489,693 34
475,405 00
$14,288 34
received a like
extraordinary dividend from the Gold & Stock Telegraph Company,
of which 500 shares were sold, realizing $400,000, less one-eighth of 1
per cent commissions, net $399,500, which was placed in the treasury to
meet like extraordinary investments in telegraph stooks and properties.
The item of Gold & Stock Telegraph Company is set down in the
surplus at a cost value of $1,176,009. This company now holds 18,905
•hares, of $100 each, in the Gold & Stock Telegraph Company, the
last sales of which have been, as I am informed, at 93; and it has, there¬
fore, a market value at 93 ; and the company’s stock, therefore, has a
market value of $1,758,165, being about 50 per cent above the value at
Excess of re-investment in new property...
In the summer quarter, ending June 30, the
which it stands
charged in the surplus.
Supposing the money derived from the sale
of
company
a
part of the stock divi¬
dend received from the Gold & Stock Telegraph Company were not
applicable to the payment of dividends, then the result of the second
quarter will appear as follows :
Surplus April 1 (not having paid first quarter’s dividend) $1,231,998 58
revenues for quarter ending June 30.
1,842,844 22
Het
Total
Less received for sale of part of
$3,074,842 80
dividend from G. & 8.
Telegraph Company
Balance
It required to
pay
399,500 00
$2/675,342 80
quarter’s interest and
It required to pay two
quarterly dividends 2,400,000 00
2,526,788 06
Total interest and dividends
Surplus
Invested in construction and purchase of telegraph prop¬
erties and stock during this quarter
Realized from sale of part of dividends from G. & S. Tel.
Oo
Excess of re-investment in new property
—whioh excess of investment stands charged against
surplus on 1st of July as appears in statement.
In the third quarter
ending September 30 there is
■from the sale of stock held by the company
$148,544 74
$420,799 98
399,500 00
$21,299 98
and reduces the
included $100,000
in the Western Electric
Manufacturing Company, which stands charged in the surplus at $50,000, and was sold for $150,000. This was a sale of one of the securities
held by the company of comparatively small amount, and the profits
thereom, $100,000, credited to income, leaving the original $50,000 to
lx “
The proceeds were, as believed,
more profitably
appropriately invested in other properties more decidtolegraphic in character and better calculated to strengthen the
company in its business. The actual results of this quar er have not yet
been ascertained;
but enough has been ascertained to know that they
will
largely exceed the estimate made on the 14th of September, when
the results of the first month of the quarter were proximately
saown, and it is confidently believed that the actual results will show
earnings alone for the quarter of over 2 per cent on its capital stock
•hove fixed charges for
interest and sinking fund.
stand in the surplus.
•s
well
387
THE CHRONICLE.
6, 1881.J
as more
EPITOME.
Friday Night, October 7,1881.
Needed rains have fallen in nearly all sections of the country,
and they were followed by sharp frosts in middle and northern
latitudes. In the Carolinas some damage to cotton is reported,
and in Virginia tobacco has been injured. But the season¬
able weather, has given an impulse to autumn trade which
was much needed.
A very stringent money market has had
some effect in checking speculation in staples of agriculture,
and the general declines in Western markets to-day were
attributed to the calling in of loans, but the speculative interest
is still
a
strong one.
The following is a statement of the stocks of leading
of domestic ana foreign merchandise at dates given :
1881.
1881.
Oct. 1.
Pork
Beef
Lard
Tobacco, foreign
Tobacco, domestic..
Coffee, Rio
Coffee, other
Coffee, Java, &c
Sugar
....
Sugar
Sugar
.
Hides
Cotton
Rosin
Tar
Rice, E. I
Rice, domestic
Linseed
Saltpetre
19,881
22,260
30,194
269
152
tcs.
bales.
hhds.
48,846
•19,780
47,818
97,893
77,100
3,359
17,875
22,418
48,762
bags.
bags.
44,564
114,975
71,880
18.029
51,715
50,451
41,061
167,700
103,047
7,918
1,009,100
boxes.
690
bags, &c.
732,000
63
183
hhds.
2,959
3.771
bbls.
No.
1.500
343,600
84,276
1,500
241,000
89,647
23,319
32,410
4,397
1,320
2,717
9,500
17,720
3,388
...
bbls.
.bbls. and tcs.
950
bags.
bags.
85,000
8,000
2,300
32,000
bales.
2,445
Jute
Jute butts
Manila hemp
1880.
Oct. 1.
bbls.
bbls
Spirits turpentine
,
Sept. 1.
,tcs. and bbls.
Melado
Molasses, foreign..
Molasses, domestic..
articles
989
129,146
40,100
138,533
90,668
13,065
804,000
7,284
3,931
2,000
217,000
46,805
49,507
1.800
417
99.500
5,300
2,100
53,477
9,000
1,800
5,400
30,100
59,100
2,304
26,000
9,500
Provisions have been gradually declining, in sympathy with
the state of affairs in Chicago. The corn failures there involved
leading provision operators, and prices have
naturally dropped.
speculative interest at the moment is small and the legiti¬
mate requests are unimportant.
To-day mess pork was sold
on the spot at $20, although the range of values was $19 50©
$20, latter for choice; October options quoted $18 50©$19 50;
November, $18 50@$19 45; December, $18 60@19 50, bid and
asked. Bacon has declined to 10M@l0%c. for long clear. Beef
rules firm at $28@$27 50 for extra city India mess. Beef hams,
$22@$23. Lard declined fully 20c. per 100 lbs. and ruled quiet;
prime Western was sold on the spot at 12*17/^c.; October con¬
tracts realized 12*15@12*12?£c.; November, 12*25@12*17}6c.;
December, 12'37^@12*32^c.; January, 12*57^@12*47/^c.; Feb¬
ruary, 12*60@12*62/6c.; March, 12 67^c.; April, 12'65@12*70c.;
refined
to
Continent, 12*45(g»12*47^c. - Butter has
the
has ruled very firm, particularly for fine grades, which
have been in smaller receipt. Cheese has been quiet at 11©
12%c. for fair to choice factory. Tallow has sold fairly well at
8@83^c. for prime. Stearine was quoted nominally at 13c.
Rio coffee has been only fairly active at any time during the
week, and closes dull and nominal at 1136c. for fair cargoes ;
mild grades have sold moderately only at rather easier prices ;
Maracaibo is now quoted 10/6@13/6c., and Laguayra ll@14c.,
Java remaining at 14/6@20c.; supplies of mild are moderate,
but of Brazil, liberal. Rice has been fairly active and firm.
Molasses has been dull and nominal for boiling stock at 34c. for
50-degrees test, while grocery grades have sold fairly at steady
prices. Foreign fruits have been firmer, and under the stimu¬
lus of a “corner” Valencia raisins have advanced to 9 Me.;
currants closed very firm at 5M@6c., and citron at 18c. Spices
have sold more freely in jobbing lots, but pepper has declined
slightly. Tea has sold lower at auction. Raw sugar on large
transactions advanced to 8}6@8Mc. for fair to good refining,
and 8%@8 15-16c. for 96-degrees test centrifugal, but closed
rather quiet at these prices. Refined has advanced to 1036c.
for all “hard” grades, and 9%a. for standard “A” soft white.
Kentucky tobacco remains quiet. The sales for the week ar©
only 415 hhds, mostly for home consumption, and prices are
nominally as last quoted. The movement continues very large
in seed leaf, and sales for the week aggregate 6,200 cases, as
The
follows
:
2,500 cases 1880 crop,
Pennsylvania assorted lots, 11©
21c.; 1,300 cases 1880 crop, New York, 12%@14>6c. for seed leaf
flats, and 22c. for Havana seed; 1,300 cases 1880 crop, New
England wrappers, 14@35c.; 100 cases 1879 crop, New England
wrappers, 14@1736c.; 700 cases 1880 crop, Ohio assorted, 6%©
6%c., and wrappers, 10@15c., and 300 cases 1880 crop, Wiscon¬
Excepting the stock in the Western Electric Manufacturing Company sin, 4@10c. Also 500 bales Havana, 86c.@$l 18.
heiore mentioned, represented in the surplus of $50,000, and only the
Naval stores have been very irregular, while rosins have ad¬
Profits on which were carried to income, the company has not sold any
its securities represented in
vanced
to $2 60 for good strained, under well-controlled stocks;
the surplus, but only a portion of the
•ooretions thereon and dividends therefrom. The company still holds a
spirits
turpentine
has declined to 50@51c. Stocks have accumu¬
much
™
larger amount of stock in the Gold & Stock Telegraph Company
the International Ocean Telegraph Company than it held at the
of increasing its capital in February last, and its present holdings
in
~ue
these companies have not only a very
a
*nese
muoh larger market value
which they stand charged in the surplus,
larger value than could have been realized from the holdings in
companies at the time of increasing the capital stock of the com-
respectively than the
sum at
►An the credits which have been entered to income and summed up in
~~6 statement as net revenue are net
profits on the business of the West-
Union
Telegraph Company.
lated and the legitimate demands are very light. Petroleum
has been dull and was again lower at the close at 7%c. for re¬
fined in bbls. Crude certificates have dropped to 92%c. Ingot
Lake. Ameri¬
copper has been fairly active at 18%@18%c. for
can and Scotch pig irons have been very firm
a
movement. Steel rails active for,v 1882 deliveries at $55@$60
the mills. Hops are firm and in fair export
for State 1881. Wool remains firm and is moderately active.
good
at
demand at 22©26c.
and find
388
THE
CHRONICLE,
COTTON.
Friday, P. M., October 7, 1881.
The Movement of the Crop, as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening (Oct. 7), the total receipts have reached 170,810
bales, against 132,696 bales last week, 110,433 bales the previous
week and 92,052 bales three weeks since; making the total
receipts since the 1st of September, 1881,592,867 bales, against
692,758 bales for the same period of 1880, showing a decrease
since September 1,1881, of 99,891 bales.
Receipts at—
Sat.
Galveston
Mon.
Tues.
2,977
1,543
Indianola, Ac.
....
New Orleans...
2,564 10,578
886
3,786
Mobile.....
Florida
5.563
4,952
Brunsw’k, Ac.
....
Charleston
3,759
Pt. Royal, Ac.
•
Wilmington....
Moreh’d C., Ac
•
•
4,426
•
2,002
....
4,767
•
•
....
Total.
2,984
16,741
707
707
3,676
36,980
10,657
2,114
75
75
4,572
32,554
513
513
4,430
10,107
943
1,172
23,959
10,107
6,887
....
5,787
6,029
....
....
•
Fri.
....
5,445
1,409
843
3,978
3,828
3,533
....
....
1,085
....
2,219
....
5,651
•
1,744
6,520
....
....
316
Norfolk
....
....
Thurs.
2,741
8,197
1,C19
....
....
Savannah
Wed.
1,369
....
....
3,732
491
491
4,982
1,987
22,416
....
3,677
3,039
[Vol. XXXIII
In addition to above exports, our
the following amounts of cotton
the ports named. We add similar
telegrams to-night also give
shipboard, not cleared, at
figures for New York, which
special use by Messrs. Carey, Yale &
us
prepared for
are
our
on
Lambert, 60 Beaver Street.
On
Oct. 7, at—
•
Oreat
Other
Fi'ance.
Britain.
New Orleans
Shipboard, not cleareit—for
Leaving
Coast¬
wise.
Foreign
'
19,873
1,875
12,497
2,508
411
None.
None.
None.
870
Savannah
Galveston
5,000
500
13,500
New York
2,750
7,000
1,300
1,115
250
None.
1,000
9,700
59,937
20,162
Mobil©
Unarleston
14,009
Other ports
Total
*
Stock.
Total.
Included in this amount tnere
35,319
300
4,200
4,693
None.
1,875
7,370
28.700
19,977
*4,ICO
1,000
1,500
9,500
14.6C8
11,334
100
800 bales
we cannot learn.
are
at
ports, the destination of which
The market for cotton for future
100,586
13,609
30,305
33.979
45,782
86,525
27,896
106,841 338,682
for foreign
presses
delivery has been fairly
active, but prices have been quite unsettled, varying widely even
on the same day.
On Saturday there was a smart advance, Liv¬
erpool proving unexpectedly strong. On Monday and Tuesday
the opening was dearer on the execution of “ outside ”
orders,
but on both days the close was at some decline.
Wednesday
a
still further decline was made.
Liverpool proved as disappoint¬
ing to the operators for a rise as it had in the previous fortnight
New York
708
188
228
338
423
1,835 to those trying to depress prices.
Crop accounts were rather
Boston
385
538
930
681
669
357
3,560 better, and there was severe pressure in the money market,
Baltimore
146
105
104
322
677 which may have slightly aided the views of the “ bears,” who
100
42
were at times
74
Philadelp’a, &c.
89
140
169
614
strongly inclined to make assaults upon values.
a further decline at Liverpool, prices again
Yesterday,
under
Totals this week 19,012 36,637 27,147 25,535 23,398 39,031
L70.810
gave way, especially for the early months, against which some
For comparison, we give the following table
showing the week’s special effort seemed to be directed. To-day the.market opened
total receipts, the total since Sept. 1,1881, and the stocks
to-night weak, but the frost accounts from Charleston brought in outside
and the same items for the
buyers again, and they stimulated a demand to cover contracts,
corresponding periods of last year.
causing an advance in the later dealings, and all deliveries ex¬
1831.
1880.
S/ock.
cept October closed dearer. Cotton on the spot has been fairly
Receipts to
This
Since Sep.
active for home consumption, but
This
Since Sep.
October 7.
shippers have done but little.
1881.
1880.
Week.
On Monday quotations were advanced l-16c., and on
1, 1881.
Week.
1, 1880.
Wednesday
they were reduced l-16c. Thursday there was an extensive re¬
Galveston
16,741
89,378 14,268
83,051 65,759 28,380 vision of nominal values
; white—strict low middling, good mid¬
Indianola, &c..
707
527
4,076
3,217
dling
and
strict
good
middling
reduced l-16c.; middling fair
New Orleans
36,980
133,282 39,844
103.016 135,905 71,493 and fair reduced
5-16c.;
low
Mobile
middling
unchanged; strict good
10,657
.35,442 11,470
32,978 15,434 12,674 ordinary advanced %c.;
good
Florida
ordinary
advanced 3-16c.; strict
75
470
431
993
9
ordinary
advanced %c.; ordinary advanced 5-16c.: stained—
Savannah
32,554
133,180 43,555
171,891 62,679 72,229 good ordinary advanced %c.; strict
good ordinary advanced %c.;
513
Brunswick, Ac.
850
2,208
2,408
low middling advanced 3-16c.;
middling
advanced l-16c. To¬
Charleston
23,959
76,461 32,442
129,782 37,675 60,990 day the market for spots was
quiet
and
unchanged
at ll%c. for
Port Royal, Ac. 10,107
10,121
3,686
4,655
4,355
4,057 middling uplands.
Wilmington
6,887
17,848
5,613
20,689
The total sales for forward delivery for
8,194 10,372
the week are 804,500
M’head City, Ac
491
783
474
1,310
bales. For immediate delivery the total sales foot
up this week
Norfolk
22,416
67,359 30,059
95,395 10,588 30,104 9,779 bales, including 2,015 for export, 4,529 for
consumption,
City Point, Ac.
1.937
6,S95
8,850
22,932
735 for speculation and 2,500 in transit. Of the above, 1,429 bales
New York
1,835
3,411
1,859
2,307 90,025 53,211 were to arrive.
The following are the official
quotations and
Boston
City Point, Ac.
....
....
....
....
....
1,987
....
.
.
.
.
....
......
3,560
6,623
2,832
677
614
3,742
467
1,588
1,867
Baltimore
Philadelphia, Ac.
Total..
170,810
10,795
2,075
5,514
592,867 199.094
3,500
6,548
3,911
692.758 445,523 358,268
In order that
comparison may be made with other
give below the totals at leading poits tor six seasons.
Receipts at—
Galvest’n.Ac.
1881.
1880.
New Orleans.
Mobile
17,448
36,980
10,657
Savannah....
32.554
Charl’st’n, Ac*
Wllm’gt’n, Ac
34,066
7,378
Norfolk, Ac..
All others....
Tot. this w’k.
1879.
14,795
39,844
11,470
43,555
1878.
16,197
42,416
17,147
30,741
22,968
36,128
22,971
12,191
3,955
39,411
10,301
24,714
33,327
24,403
26,475
7,324
8,306
9,063
5,763
23,161
7,379
170,810
199,094
169,40S
148,158
17,982
32,381
10,171
18,090
23,745
19,738
4,629
10,459
5,358
25,141
478
3,206
109,264
136,074
Or eat
Brit'n. France
Galveston
New Orleans..
Mobile.;
Florida
Savannah
4,803
14,313
3,600
Charleston*...
14,120
Wilmington...
3.458
17.042
Baltimore
2,723
5,844
i,6'jy
Total
......
......
816
......
......
......
....
......
......
••••••
......
4,803
20,790
3,660
•
•
12 661
exports from Port
•
•
21,144
47,188
3,660
27,997
23,065
221,266
14.006 136 200
289 901
•
•
•
1,153
1,699
4,178
4,663
Roval, &c
4,382
11,772
•
•
•
816
•
125ie 12%
Midd’g Fair 13L* 13%
12%
4,03!
4,296
Good Mid..
Str. G’d Mid
8916
4,425
Good
10%
10%
Sat.
m
m
m
49.54*
33 820
375 269
8%
9%
10%
8^3,6 8%
8%
9%
97,6
9%
10»i6 10%
10%
101*16 101*16 L0%
101*16 10-.*i6
11%
11%
11916 11% 11%
111 = 16 111516 1178
1115,6 111516
12%
12%
121,6 12% 12%
9%
10%
12%
12%
12%
13%
14%
Th.
12*16 12%
12*16 12%
13*16 13%
141,o
Fri.
14%
Wed
T h*
1 l
11
1078
11
11916
S3i6
9=ia
10
m
Mon Tnes Wed
8%
8%
9%
9%
8316
9=16
10%6 10116
10
11*16
11%
H516
SALES OF SPOT AND TRANSIT.
Sat.. Firm
Mon
Quiet at %6 adv.
Tues. Quiet i.nd steady
Wed
Quiet at lie dec.
Thurs Sc’dy at rev. quo.
Fri.
Quiet
Ex¬
12%
12%
13%
14%
Fri.
11
119,6
1U316
12
12%
12%
13
13%
Th.
Fri.
8%
9%
9%
10316
}0?1«
8%
11=16 11*16
port.
490
1,225
300
.
Total
FUTURES.
ConSpec- Tran¬
Total.
sump. uTVn sit.
.
6,959
273,990
m
11%
SPOT MARKET
CLOSED.
33,622
62,887
27,506
12%
13%
lb.
m
Mon. Tue*
market and sales.
30,943
22,218
12
12%
Ordinary....
m
Sat.
11916 11*16 11*16
111=1.6 lUSlf 11%
111316
12
12
12*16 12 ;
12*16 12% 12%
12*16 12%h
12%
129,6 12%
129ie L2%
13
13
13*16
13°i6 13
1334
14%6 13%
14%6 13%
Middling...
25,526
59,776
3,660
14,963
3,131
10%
H516 11*16
H910 11%
11%
12116
121,6 12
125io 12%
Middling
Wed
10%
11=16
11*16
Strict Good Ordinary
Low
8%
TEXA8.
8%
9%
813,6 9%
9%
813i6 9%
91 %6 91%6 9‘16
9716 •9%6
91%6 911,6
10%
10*i6 10% 10%
10*16 10% 10%
9T 16
Total
3,958
Fri.
8%
Mon Tnes
12*i6 12%
13°16 13%
14%6 14%
STAINED.
3,458
9,629
Th.
Midd’g Fair 131-16 12%
Fair
131316 13%
23,003
5,796
Sat.
8131G
13%
13%
l3l'*ifi 13%
.
3.458
80,072
•
nent.
8%
9%
10%
Middling... 111*16 U34
__
392
2,397
392
Total 1880... 109.533
•
14,120
3,438
17,042
9,928
Conti-
Britain. France
29,197
47,462
6,959
11,005
3,131
.....
1,687
Oreat
......
......
7,348
Week.
5,661
63,053
*Inclndes
nent.
......
Norfolk...
New York
Boston
Phil&delp’a.&c
Total
8%
9%
10%
Strict Ord.. 9316
Good Ord.. ldie
Str. G’d Ord losg
Low Midd’g 11&1Q
Str.L’w Mid 11%
From Sept. 1.1881, to Oct. 7, 1881.
Exported to—
Conti-
89,«
Ordin’y.$tt>
ending this evening reach a total
80,072 bales, of which 68,058 were to Great
Britain, 7,348 to
France and 4,666 to rest of the
Continent, while the stocks as
made up this evening are now 445,523
bales. Below are the
exports for the week and since September 1, 1881.
frrnn—
Ordin’y.$Ib
Wed
The exports for the week
Exports
in on Tnes
Fair
or
Ending Oct. 7.
Exported to—
NEW ORLEANS.
Sat.
Str. G’d Mid
Since Sept. 1. 592,867 692,758
580.347 525,606 262,375 480,205
Galveston includes Indianola; Charleston
includes Fore Royal. Ac.;
Wilmiagton includes Morehead City, Ac.; Norfolk includes
City Point. Ac.
Week
UPLANDS.
Oct. 1 to
Oct. 8.
9%6
10% q
lOUie 101%6 10 78
11*8
11%
11*16
lliiie Hjl16 Ll%
Middling... 111^16 ll78
11%
12%6
Good Mid.. 12iia 12%
12%
12*16
1876.
19,323
19,617
day of the Dast week.
Strict Ord..
9%«
Good Ord.. 101 IQ
Str. G’d Ord 10%
Low Midd’g Ub16
Str.L’w Miu ll^B
years, we
1877.
6,087
38,909
4.401
sales for each
1,033
6,214
6,952
304
514
915
910
964
922
2,015’ 4,529
Sales.
Deliveries.
98,800
300
300
2C0
910 136,900
400
325
410
1,289 179,000
1,332 142,000
300
400
735 2,500
9.779 804,500
1,900
2,500
3,294 115,500
1,739 132,300
1,215
The daily deliveries given above are actually delivered the day pre¬
vious to that on wliicb they are reported.
'
The Sales
and
Prices
ing comprehensive table.
I
of
Futures
are
shown
by the follow¬
In this statement will be tVund the
daily market, the prices of sales for each month each day, and
the closing bids, in addition to the daily and total sales
THE CHRONICLE.
8, 1881.]
UCTOBER
389
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1881.
Stock
8tocb
Stock
Stock
Stock
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159,000
at Marseilles..'.
at Barcelona
at Hammirg
at Bremen
Stock at Amsterdam
Stock at Rotterdam
Stock at Antwerp
Stock at other contl’ntal ports.
p"
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131,000
1.169
10,000
40,200
4.200
25.600
19.800
13.600
2.830
2.300
2,300
26,511
24,422
1.750
9,000
4.250
2,399
1,883
19,900
16,500
3,528
8.250
Total continental ports....
291,330
175,711
183,042
225.250
Total European stocks..
India cotton afloat tor Europe.
950,630
113,000
128,000
455,376
116.463
590,750
111,000
Egypt, Brazil ,&c. ,aflt for E’r’pe
21.000
142,965
93.000
445,523
132,973
605.611
91.000
128,000
19.000
358.081
103.086
15.188
319.974
68,913
317.549
59,823
20,600
27,000
36,000
5,000
Amer’n cotton afloat for Eur’pe
»s.
s» a.
8tock in United States ports
Stock in U. 8. interior porta...
United 8te tea exports to-day..
..
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•Includes sales
April.
The
Total East India, Ac
Total American
36,000
5,000
1,367,096
967,167
712,852
820.372
122,000
44,300
144,330
113,000
21,000
172,000
50.900
144,000
59,334
107,042
172,000
91,000
19,000
116,463
15,188
111,000
11,000
444,630
1,367,096
424,611
442,027
712,852
820,372
91,711
967,167
30.500
43,250
367,750
Total visible supply
1,811,726 1,391,778 1,154,879 1,188.122
Price Mid. Upl., Liverpool....
61 lied.
678d.
6ii is.*!.
6&iQd.
&
Q
tt
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N
o
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p£T The imports into Continental ports this week have been
11,600 bales.
The above figures indicate an increase in the cotton in sight
to-night of 419,948 bales as compared with the same date of 1880,
an increase of 656,847 bales
as compared with the corres¬
ponding date of 1879 and an increase of 623,604 bales as com¬
pared with 1878.
At
the
Interior Ports the movement—that is the.
receipts
shipments for the week, and stocks to-night, and for the
corresponding week of 1880—is set out in detail ia the following
statement:
Week
ending Oct. 7, *81.
Rece 7: Is.
s
*5*
* Shipm'ts
Stock.
Augusta, Ga
7,718
4,638
10,054
Columbus, Ga...
Macon, Ga
Montgom’ry.Ala.
Rphna,, Ala
Memphis, Tenn..
Nashville, Tenn.
4,819
4,975
3,038
3,758
3,823
4,930
7,317
5,974
4,798
15,441
8,901
1,725
9S4
Dallas, Texas
Jeflerson, Tex...
1,404
G26
251
Shreveport, La..
Vicksburg, Miss.
Columbus, Miss..
3,144
6,236
1,489
2,791
1,491
6,483
4,302
1,727
4,978
778
978
13,063
5,368
...
Eufaula, Ala....
Griffin, Ga
Atlanta, Ga
Rome, Ga
Charlotte, N. C..
St. Louis, Mo
Cincinnati, O....
Total,old ports..
‘1H
*?
O*
1 ©
1 ©
©
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a
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o
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September, 1881, for September, 314,000.
Transferable Orders—Saturday, 11*80; Monday, 11-80; Tuesday,
11*75; Wednesday, 11*70; Thursday, 11*60; Friday, 11*55.
Short Notices for October—Tuesday, 11*71®11*75;
Wednesday, 11*73
® 11*60;
Friday, 11*50@11*58.
m
following exchanges have been made during the week:
•49
*14
27,000
Egypt, Brazil, &c., afloat
O
<3
00
o
o
o
20,600
317,549
59,823
275
92,274
820
2,478
655
4,234
7,655
4.773
28,595
4,276
4,923
TFccfc
ending Oct. 8, ’80.
Receipts. Shipm'ts
•
10.839
4.976
9,706
3,583
9,123
8,548
3,263
6,407
5.881
12,010
3,594
2.519
4,753
9.518
2,761
3,424
2,685
9,16*3
1,675
1,560
730
227
31
5,992
2,025
2,292
1,233
1,782
5,388
2,185
2,099
3,298
8,960
6,716
727
180
2,253
2,040
7,021
600
20.384
2,026
6,113
4,222
3,398
9,294
5,705
4,794
3,434
64,635 132,973
85,792
7,286
2,038
Stock.
1,856
5,193
3,241
3,091
5,673
2,803
6,996
17,803
2.885
1,994
631
2,442
1,900
1,117
1,424
1.470
9,983
7.427
1,660
11,630
1,773
61,441 103,086
H
H°
Si s
163.000
182.000
93,000
Liverpool stock
London stock
Continental stocks
India afloat for Europe
&a
a
-4<
H
-
69,000
76,000
142,965
319,974
68,913
feg
H
i
O
H
§
1 ©r
H H tO
•
I
267,000
84,000
128,000
358.081
103.086
and
a©
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tow©
Total American
East Indian,Brazil, dc.—
|
l
12*19
12*32 3,90
490.000
150,000
128,000
445.523
132,973
Continental stocks
American afloat for Europe....
United States stock
United States interior stocks..
United States exports to-day..
|
H
H H
CO
t
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H H h
HHO
tOI00
to to©
II
11.000
H H
H *-l
12*0 12*0 ,900 12*08 12*16 ,200 12*15 12* 5 ,700
660
tt(0
4.000
Total visible supply
1,811,726 1,391,778 1,154,879 1 ,188,122
Of the above, the totals of Ameriean and other descriptions are as follows
American—
Cb
a©
a
0'Hh
©
©-
HH
1*92-
abnb
6>
981
28,000
32,250
6.750
HH
HH
HH
CO
8
1 *74
1 *89 28, 0
I ©to
HH{£)
HHO
ta-i©
*—H
HH
HH
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*-
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1*7©
1 obo
oo<
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11.919
oo o»
I ©«
Mco
7©
H
CO
§
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HH
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HH K)
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398.0
HH
1878.
4.300
36.000
111,250
..
&2<*
Oi®
•^o®*
^§»
£<1
©ad
"tjO ©*
1879.
65.900
8.610
37.900
II1
w6h^
W'^o'p1
P'lU'l
OO'HH
1880.
bales.
h*
H
H
mH
at Havre
pd. to exch. 900 Jan. for May.
pd. to exch. 1,100 Jan. for Feh.
.2d
p5* to excl1.100 Oct. for Jan.
*>8 pd. to exch. 300 Jan. for
April.
'o7 pd. to exch. 400 Jan.
for April.
•07
*06
*50
•32
pd.
pd.
pd.
pd.
to
to
to
to
cxch.
exch.
exch.
exch.
200 Nov. for Dec.
100 Oct. for Nov.
200 Oct. for Fel).
300 Oct. for Jan.
Newberry, SC.
Raleigh, N. C
Petersburg, Va..
Louisville, Ky...
640
640
317
1,152
1,125
95*
2,651
2,200
2,871
4,400
3,900
3,089
1,511
985
357
956
840
1,500
1,408
608
1,993
1,229
833
162
941
17.660
2,367
14,371
25,835
23,423
335
Little Rock, Ark.
Brenham.Tex*..
1,267
1,600
1,100
2,819
Houston, Tex....
17,726
16,098
14,102
1,241
1,505
21,256
Total,
25,730
22,336
*22,586
31,662
118,004
86,971
155,559
117,454
new ports
Total, all
*
This year’s
1,208
808
700
87,276 126,500
figures estimated.
The above totals show that the old interior stocks have in¬
creased during the week 27,639 bales, and are to-night 29,887
bales more than at the same period last year. The receipts at
the same towns have been 6,482 bales more than the same week
last year.
Receipts
Plantations.—The
following table m
prepared for the purpose of indicating the actual movement each
week from the plantations. Receipts at the outports are some¬
times misleading, as they are made up more largely one year*
returns, and consequently
brought down to Thursday evening; hence, to make the totals the than another, at the expense of the interior stocks. We reach*
complete figures for to-night (Oct. 7), we add the item of exports therefore, a safer conclusion through a comparative statement
like the following. In reply to frequent inquiries we will add
from the United
States, including in it the exports of Friday only:
that these figures, of course, do not include overland receipts or
18811880.
1879.
1878.
bales. 612.000
Jtociat
Liverpool
439,000
213,000
335,000 Southern consumption; they are simply a statement of the
Btock at London
44,300
50,900
59,334
30,500
weekly movement from the plantations of that part of the crop
Total Great Britain Stock,
656,300 489,900
272,334
365,500 which finally reaches the market through the out-ports
The Visible Supply of Cotton, as
made np by cable and
telegraph, is as follows. The Continental stocks are the figures
of last
Saturday, but the totals for Great Britain and the afloat
for the Continent are this week’s
from
the
THE CHRONICLE.
390
picked.
Planters are sending their crop to market freely, and It
is
RECEIPTS FROM PLANTATIONS.
Week
ending—
29
Aug. 5
M
12
H
19.
2
ftft
9
•ft
16
• ft
1879.
....
23
13.920
80.054
76.933
127,729
162.30S
169,408
Stock at Interior Ports Rec’pts from Plant’ns.
1880.
1881.
13.148
10,859
14,410
13,966
17,818 13,049
13.062 11,477
7.463
20,538
7.301
85,078
9,598
46,722
70,812 14,563
8.982
8,691
4.843
8.3P6
4.875 21.123
26
Sept
Receipts at the Ports.
3.272
2,503
8.945
3.462
July 22
•ft
*
1879.
19.362
16.151
42,082
61,117
102.695 92,052
136,413 110,433
23,896
40,774
1880.
1881.
56,662 48,397
49,631 40,92d
41,507 36,826
85.473 43,365
29,864 39.744
27,762 33.753
21,770 35,692
25,550 42.9S3
88.094 59,125
61,009 87,191
78.735 103,334
103,086 182,973
[Vol. mm
1879.
1880.
1831.
2,154
2.039
8,028
1,890
3,612
12.982
8.828
858
8.680
13,718
19.601
829
2,787
19,021
36,090
64,897
115,239
159,328
189,947
223,443
4,713
16,217
35,019
82.266
144,607
2,057
16,917
29,037
48.661
78,103
108.194
138,499
150,839
198,419
believed that about one-half of the crop has been already
marketed. Average thermometer 70. highest 75 and lowest 65.
Macon, Georgia.—We have had rain on one day during the
past week. The weather continues favorable for picking, and
good progress is being made. Average thermometer 64, highest
85 ana lowest 55.
Columbus, Georgia.—We have had no rain during the past
The thermometer has averaged 80, ranging from 68 to 88,
Savannah, Georgia.—It has rained on one day of the past
week, and the balance of the week has been pleasant. The
rainfall reached four-hundredths of an inch. The thermometer
has averaged 76, the highest being 86 and the lowest 55.
week.
Augusta, Georgia.—The weather has been clear and pleasant
during the past week. There is no improvement in crop ac¬
counts. Caterpillars are reported everywhere and great injury
is undoubtedly being done. It is generally conceded that the topThe above statement shows—
1. That the total receipts from the plantations since Sept. 1 in crop will be a failure, and likewise that the total crop will b*
1881 were 690,305 bales; in 1880 were 770,901 bales; in 1879 were short, as indicated by the receipts, which are thus far nearly
fourteen thousand bales less than for the same period layt
641,959 bales.
2. That, although the receipts at the out-ports the past week season.
Picking is progressing finely, and planters are sending
their crop to "market freely. Average thermometer 75, highest
were 170,810 bales, the actual movement from plantations was
198,449 bales, the balance going to increase the stocks at 90 and lowest 49.
Atlanta, Georgia.—We have had rain on one day of the past
the interior ports.
Last year the receipts from the planta
week, the rainfall reaching sixty-two hundredths of an inch.
tions for the same week were 223,445 bales and for 1879 they
The thermometer has averaged 73, ranging from 53 to 83.
were 186,114 bales.
Charleston, South Carolina.—We have had no rain during
Weather Reports by Telegraph.—The weather has been the
past week. The thermometer has ranged from 54 to 89*
dry and favorable during the past week at most all points in the averaging 77.
The following statement we have also received by. telegraph,,
South. There has been no interruption in picking, and the
showing
the height of the rivers at the points named at 3 o’clock
movement of the staple to market continues to be quite free.
October 6,1881, and October 7,1880.
Galveston, Texas.—It has been showery on three days of the
Oct. 6, ’81.
Oct. 7,80,
Feet. Inch.
Feet. Inch
past week, the rainfall reaching twenty-nine hundredths of an New Orleans
Below high-water mark
3
2
13
12
inch. It has rained much harder up country, but think no ser¬ Memphis
11
6
..Abovelow-water mark...
8
6
Nashville
1
6
Above low-water mark...
12
ious damage has been done.
The thermometer has ranged Shreveport
Above low-water mark...
3
4
7
3
8
2
Vicksburg
Above low-water mark...
Missing.
from 77 to 88, averaging 82.
New Orleans reported below high-water mark of 1871 until
Ihdianola, Texas.—We have had rain on two days of the
Sept.
9,1874, when the zero of gauge was changed to high-water
past week, but no serious damage has been done. The rainfall mark-of
April 15 and 16,1874, which is 6-lOtns of a foot above
reached one inch and nineteen-hundredths. Picking is pro¬
1871. or 16 feet above low-water mark at that point.
gressing finely. Average thermometer 80, highest 85 and
Overland Movement, &c., for September.—We give in our
lowest 74.
editorial columns to-day the overland movement, receipts,
Corsicana, Texas.—It has been showery on two days of the
exports, spinners* takings, &c., &c., for the month of Septem¬
past week, the rainfall reaching twenty-six hundredths of an
ber.
inch. Picking is progressing finely.
The thermometer has
Jute Botts, Bagging, Etc.—There has been a moderate
averaged 82, ranging from 71 to 92.
inquiry for bagging during the past week, and large parcelsDallas, Texas.—It has rained very hard on three days of the are not wanted. Prices continue about steady, and holders art
past week, and much damage is feared. The rainfall reached quoting 9%c. for 1% lbs., 10^6c. for 2 lbs. and ll%c. for
three inches and sixty hundredths. The streams have over¬ standard qualities. Butts are in the same position, and nomovement of
any size is reported. For jobbing wants a few
flowed. Picking has been interfered with by the storm. The
bales are reported, for which our quotations were paid; but w*
thermometer has averaged 82, the highest being 92 and the
think that a large quantity coula be obtained at a shade less.
lowest 71.
At the close holders are
quoting 2%c. for paper grades and
Brenham, Texas.—We have had rain on three days of the
2%@3c. for bagging qualities.
The rainfall reached one no
inch and fifty hundredths.
one.
Comparative Port Receipts and Daily Crop Movement.—
Picking is progressing finely. The thermometer has ranged A comparison of the port movement by weeks is not accurate
from 70 to 90, averaging 81.
as the weeks in different years do not end on the same day of the
New Orleans, Louisiana.—It has rained on five days of the month. We have
consequently added to our other standing
past week, the rainfall reaching one inch and twenty-seven hun¬ tables a daily and
monthly statement, that the reader may
dredths. The thermometer has averaged 80.
constantly have before him the data for seeing the exact relative*
Shreveport, Louisiana.—Telegram not received.
movement for the years named. The movement eaeh month
Vicksburg, Mississippi.—The earlier part of the past week since September 1,1881, has been as follows:
we had rain on two days, but the latter portion of the week has
been clear and pleasant.
Year Beginning September 1.
Columbus, Mississippi.—It has rained on one day during Monthly
the past week, the rainfall reaching twenty-hundredths of an
Receipts.
1876.
1881.
1880.
1879.
1878.
1877.
inch. The thermometer has ranged from 68 to 86, averaging 81.
95,272 236,868*
During the month of September the rainfall reached four Sept’mb’r 422,057 458,478 333,643 288,848
tot.
Pero'tage
of
port
inches and eighty-two hundredths.
05-87
0649
0219
07*80
06*67
reoeipte Sept. 30..
Little Rock, Arkansas.—We have had rain on three days of
the past week, the rainfall reaching one inch and eighty-eight
This statement shows that up to Sept. 30 the receipts at th»
hundredths. Average thermometer 74, highest 92 and lowest 55.
Nashville, Tennessee.—We have had no rain during the past porta this year were 36,421 bales less than in 1880 and
Theweek. The picking is progressing finely. The thermometer 88,414.bales more than at the same time in 1878-79.
receipts
since
1,
and
corresponding
September
1881,
for
the
has ranged from 51 to 89 averaging 74.
Mobile, Alabama.—On one day of the past week it has been periods of the five previous years have been as follows:
showery, and the balance of the week has been pleasant. The
1876.
1878.
1877.
1879.
1880.
rainfall reached thirty hundredths of an inch. Picking is pro¬
1881..
gressing finely. The thermometer has ranged from 69 to 89, Tot. Sep30 422,057 458,478 333,643 238,848
236,869
95.272
averaging 78. During the month of September the rainfall Oct. 1....
S.
19.012
23,599
13,941
35,186
20,785
reached eleven inches and eighty-one hundredths.
2....
S.
30,714
9,741
21,495
23,283
31,901
Montgomery, Alabama.—The days have been warm but the
15,621
3....
S.
12,179
17,537
35,016
36,637
nights have been cold during the past week. It has been
19,854
4...
10,720j
27,147
39,051
25,784
24,181
on one day, the rainfall reaching two hundredths of an
showery
19,197
S.
12,903
5....
25,535
33,555
22,862
inch. It is reported that the top crop will b§ poor, having been
22,115
S.
6....
10,210
23,398
25,374
37,355
much damaged by caterpillars. Picking i3 progressing finely,
S.
19,247
25.800
7....
39,081
25,809
25,164
and planters are sending their crop to market freely. The ther¬
mometer has averaged 77, ranging from 63 to 89.
The rainfall Total
592,867 648,709 499,887 426,110 164,966 363,616
reached four inches and forty-nine hundredths during the month
Percentage of total
0900
September.
0379
09-58
11-04
0999
port reo'Dt* Oct.7..
Selma, Alabama.—It has rained an one day of the past
This statement shows that the receipts since Sept. 1 np to
eek, and the rest of the week has been pleasant. The rainfall
reached thirty-six hundredths of an inch. Average thermome¬ to-night are now 55,842 bales less than they were to the same
ter 75, highest 86 and lowest 62.
day of the month in 1880 and 92,980 bales more than they were
Madison, Florida.—It has rained on one day of the past to the same day of the month in 1879. We add to the table
week. The days have been warm, but the nights have been the percentages of total port receipts which had been received to
cold, It is claimed that about two-tliirds of the crop has been October 7 in each of the years named.
•ft
Oct.
80
7
172.221 132,696
199.094 170.810
52.207
68.913
173.736
186,114
..
§ast week, but it is probable that
serious damage has been
.
44
-
,
U
M
ft
<«
'
«
.
Cotton Movement from all Ports.—The figures which
collected for us, and forwarded by cable each Friday, of
jjrcu
ire
THE CHRONICLE.
8, 1881]
October
now
enable us, in connection with our previously-received report from
Bombay, to furnish our readers with a full and complete India
movement for each week. We first give the Bombay statement
for the week and year, bringing the figures down to Oct. 6.
BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR TEARS.
■
Shipments since Jan. 1.
Shipments this week.
■
Year Great Conti¬
TJrit'n. nent
J
-
Total.
3,000
ip|
Conti¬
Britain
nent.
i,bb*6
i,ooo
Receipts.
This
Week.
Total.
7,000 311,000 542.000
3,000 357.000 491.000
7,000
1881
Great
"81
853.000
249.000 347,000
848,000
596,000
312,000 386,000
693,000
Since
Jan. 1.
8,000 1,171,000
3.000 1,085,000
7,000
806.000
2,000
865,000
..
CALCUTTA, MADRAS. TUTICORIN. CARWAR, RANGOON AND KURRACHBB.
Year.
Great
Conti¬
nent.
Britain.
Shipments since January 1.
Total.
Conti¬
nent.
Great
Britain.
Exported to—
Sept.
Liverpool
12,098 13,032
Other British ports
Total
to
Havre
Other French ports...
246
Total French.
246
to all Europe
This
from—
week.
Since
Jan. 1.
7,000
2,000
Bombay
All other p’rts
Total
This
Since
This
week.
Jan. 1.
week.
853,000
261,000
9,000 1,114,000
years up
848.000
2,000
282,000
3,000
596,000
309,000
5.000 1.130,000
3,000
905,000
comparison of the
and for the three
to date, at all Indi% ports.
Alexandria Receipts and Shipments.—Through
arrangements
have made with Messrs. Davies, Benachi & Co., of Liverpool
we
and Alexandria,
we now
receive
Alexandria, Egypt,
weekly cable of the movements
The following are the receipts
and for the coiresponding week
a
of cotton at Alexandria, Egypt.
and shipments for the past week
of the previous two years.
1831.
Oct. 6.
1379.
1880.
Receipts (cantars*)—
This week....
Since Sept. 1
45,000
72,550
This
week.
Since
Sept. 1.
This
week.
2,000
115.000
3,500
200,000
Since
Sept. 1.
This
week.
Since
Sept. 1.
Exports (bales)—
To Liverpool
To Continent
4,000
1,138
750
127
1,500
1,205
8,000
1,357
13,6 6
5,188
877
2.7051
9,357
15,401
This statement shows that the receipts for the week
Oct. 6 were 45,033 cantars and the shipments
to all
were 250 bales.
ending
Europe
1
250
'
Total Europe
*
250
1,795
A oantar is 98 lbs.
We give the prices of to-day below, and
leave previous weeks’ prices for comparison:
1881.
84 lbs.
Twist.
Shirtings.
d.
Aug.
5
“
“
“
12
19
26
Sept. 2
1880.
32s Cop.
9
d.
®
fl.
9»s 6
878@ 94
94® 9'4
S78® 9*2
878® 9*2
878® 9*2
878® 94
9 ® 94
94® 94
9*8® 94
The Exports
6
6
6
6
6
6
6
6
6
of
d.
s.
9
®8
0
54®7
8
9
@3
OolVn
Mid
XJp ds
d
d.
6i3le
64
0
7
54®7
54®7
54®7
54®7
84
84
84
84
61316
615le
6
6
6
0
0
0
®8
®8
®8
74
73lfl
74
77i8
678
328 Cop.
Iwist.
d.
d.
84 lbs.
Shirtings.
s.
d.
8.
9k ®104 6
918® 978 6
918 ® 978 6
74®7
74®7
74®7
914
9!8
918
918
94
914
9
9
9
9
9
®io
®
®
®
®
®
918 ®
6
6
6
6
6
978
978
978
978
978 6
94 6
Cotton from New York
®7
®7
@7
®7
®7
74®7
7 ®7
d.
9
9
9
9
9
9
9
9
9
8
OotVn
Mid.
Uplds
Grand Total
.%
ae
5,796
5,257
3,366
5,707
4,128
2,261
556
341
14.927 15,713 10,717
9.928
62.887
73,502
The Following are the Receipts of Cotton at New York,
Boston, Philadelphia and Baltimore for the past week, ana
since September 1, 1881:
New York.
This
week.
Boston.
Since
This
Philadelphia.
atnce
Sept. 1. week. Sept. 1,
9,118
550
This
Since
week.
Sept.l.
Baltimore.
This
week.
Since
Sept. 1.
28,365
17,142
27,838
3*587
1,568
831
3,995
1,165
4,049
491
753
2,512
6,194
North, pts
63
311
Tenn., &o.
2,813
3,820
4,439
1,885
3,411
845
1,407
*273
’*5*28
i*70
*963
This year. 32,419 113,291
11,234
273
4,115
5,169
15,954
Last year. 31,824 111,528
13,260
1,802
6,639
4,839
21,098
Foreign..
'
488
78,482 bales.
So far as the Southern ports are concerned, these
exports reported by telegraph, and published in
the Chronicle last Friday. With regard to New York, we
include the manifests of all vessels cleared up to Wednesday
night of this week:
are
the
same
Total hales.
New York—To
Liverpool, Der steamers Algeria, 204
City of
Montreal. 1,100.’..City of Richmond, 927
Egypt, 1,239
Wisconsin, 2,374
5,844
To Havre, per steamer France, 1.687
1,687
To Bremen, per steamers General Werder, 512.. Oder, 1,000
....Salier, 531
2,043
To Hamburg, per steamers Yandalia, 10....Westphalia, 100
110
To Rotterdam, per steamer W. A. Scholten, 244.
244
New Orleans—To Liverpool, per steamers Cairnsmair, 4,804
Pedro, 3,LOO
Yurac Bat, 5,000
12,904
To Havre, per steamer, Clapayron, 3,529
per bark St.
George, 2,582
6,111
Charleston—To Liverpool, per steamers Royal Minstrel, 3,925
Upland—Spartan, 4,975 Upland and 45 Sea Island
8,945
Savannah—To Liverpool, per steamer Shadwan, 4,395 Upland.
4,395
To Havre, per steamer Irene Morris, 4,650 Upland
4,650
To Bremen, per steamer Anotolia, 4,296 Upland
4,296
Texas—To Liverpool, per steamers Cyphrenes, 5,214
East¬
bourne, 5,783
10,997
To Reval, per steamer Hudson, 4.3o2
4,382
Norfolk—To Liverpool, per steamer Gleusannox, 2,500
2,500
To Riga, per steamer Bays water, 4,425
4,425
Baltimore—To Liverpool, per steamer Thanemore, 300
300
To Bremen, per steamers Heimann, 1,954—Weser, 400
2,354
Boston—To Liverpool, per steamers Bulgarian, 702—Canopus,
515....Iowa, 380....Marathon, 475....Victoria, 123
2,195
Philadelphia—To Liverpool, per steamer British King, 100
100
Total
The
78,482
particulars of
are as
these
shipments. arranged
Brer
pool. Havre, men.
New York..
5,844 1,687 2,043
N. Orleans. 12,904 6,111
Charleston.
8,945
Savannah..
4,395
Texas...... 10,997
Norfolk....
2,500
Baltimore..
300
Boston
our
Ham-
burg.
110
usua
Rotter-
dam. Reval. Riga.
244
•
„
4,650
4,296
4,382
,
4,425
2,354
100
8,693
110
244
4,382
Total.
9.928
19,015
8,945
2,195
Philadeip’a
Below
in
follows:
Total... 48,18012,448
d.
4,425
13,341
15,379
6,925
2,654
2,195
100
78,482
613ie
61316
give all news received to date of disasters to vessels
carrying cotton from United States ports, etc.:
ZJ16
'316
Commander, steamer (Br.), Woodstock, from New Orleans for Liverpool,
before reported spoken on Sept. 6, with propeller gone, arrived ai
St. Michaels, Azores, on Sept. 30, in tow of the steamer Coronella.
Conoho, steamer, Walker, from Norfolk for Baltimore, lost part of deck¬
load of cotton (22 bales) off Back River, night of October 4, and
7
m16
746
61316
6iiie
this week show
a
decrease, as compared with last week, the total reaching 9,928
Dales, against 10,717 bales last week. Below we give our usual
wiDIe
showing the exports of cotton from New York, and their
JW011’. ?or e&ch of the last four weeks; also the total exports
since September
tfarS011
total for the same
1,687
6,728
Liver-
drooping.
1,735
1,919
•
Total Spain, <feo
form,
Manchester Market.—Our report received from Manchester
to-night states that the market for twists and shirtings is inac¬
tive and
5,257
•
Shipping News.—The exports of cotton from the United
States the past week, as per latest mail returns, have reached
Since
Jan. 1.
3.000
This last statement affords a very interesting
total movement for the week ending Oct. 6,
5,796
•
9,629
1,741
1879.
1,687
•
•
2,897
4,123
1880.
1,735
1,919
963
Virginia..
1881.
61,517
262
“200
Shipments
47,462
2,583
17,042
4,356
14,088
EXPORTS TO EUROPE FROM ALL INDIA.
5,844
“i’06
’“*50
week last year. For the whole of India, therefore, the total
shipments this week and since Jan. 1,1881, and for the correspond¬
ing weeks and periods of the two previous years, are as follows.
8,019
Spain, Op’rto, Gibralt’r.&c
All other
.
same
61,517
50
Total to North. Europe
from—
—
47,012
110
244
4,329
124.000
5,844
2,043
8. Carolina
N. Carolina
1878
3,000
2,000
73,000
81,000
107,000
59,000
year.
863
The above totals for this week show that the movement from
than for the
the ports other than Bombay is
bales -
2,000
2.000
183,000
201,000
202,000
Sept. 1.
100
162
2,163
9,707
2,594
2,000
period
previ’ut
450
370
Hamburg
Other ports
N. OrPans
Texas....
Savannah
Mobile...
Florida.
2,000
2,000
1,000
1,000
1,000
Oct.
5.
8,019
•
261,000
282,000
309,000
133,000
1881
1880
1879
Same
Total
since
450
Great Britain 12,098 13.532
Receipts
Total.
ending—
T Segt.
14.
Bremen and Hanover....
an
According to the foregoing, Bombay appears to show
sh
increase compared with last year in the week’s receipts of
bales, and an increase in shipments of 4,000 bales, and the
shipments since January 1 show an increase of 5,000 bales.
Themovemeat at Calcutta, Madras, Tuticorin, Carwar, &c., for
the same week and years has been as follows
Shipments this week.
Cotton (bales) from New York since Sept. 1,1881.
of
Week
shipments from Calcutta, Madras, Tuticorin, Carwar, Ac.,
the
*
Exports
391
1, 1881, and in the last column
period of the previous year:
we
returned to Norfolk.
Gresham, steamer (Br.) Efforts are being made to raise the steamer
Gresham, which sunk at New Orleans a couple of months ago,
with a full cargo of cotton and corn.
Helios, steamer (Br.), loading at Port Royal, 8. C., for Liverpool. A.
bale of cotton in the hold of the steamer Helios took fire mysteri¬
ously on Sunday morning, but was fortunately discovered in time,
and promptly extinguished.
Wyoming, steamer (Br.), from New York for Liverpool. A fire broke
out on Sept. 28 in the afterhold of the Guion Line steamer Wyom¬
ing, Rigby, which arrived at Queenstown, Sept. 30, from New
York. The flames were extinguished in about five hours. Several
bales of cotton
were
destroyed, and
as
far as could be ascertained
THE CHRONICLE.
392
■*
Oct. 1 very little
on
and started mills at the West, giving us au
increased supply of low grades, which have been scarce and
relatively high for a long time, and these at the close show
weakness. Rye flour ruled firm, but corn meal was dull and
unsettled. To-day the whole market was dull and unsettled.
The wheat market has been fluctuating under fierce contests
mill streams
other damage vras done, although her cargo
from the quantity of water which
was poured down the hold.
The W. arrived at Liverpool on Oct. 1.
Cotton freights the past week have been as follows:
have suffered somewhat
may
Satur.
Liverpool, steam d. 316® *4
sail...d.
Do
Jfon.
Tuts.
Wednes.
Thurs.
Fri.
3is'®14
316^14
316® *4
632® H
“33® *4
....
....
...
.
....
Havre, steam—e. 7io'®1fl* 71«®V 7ie® V 7ie®1a*
Do
sail
c.
Bremen, steam, .e. 716'®13
Do
sail
e.
Hamburg, steam.d. 7ie®1e
sail...d.
Do
Amst’d’m, a team.e.
Do
sall...rf.
Do
*
....
is
sail
c.
....
•
m
m
•
m m
•
•
•
718
....
916
....
....
....
....
38
38
38
....
....
fully maintaining the
Recent rains have been of
feverish and variable, not in all cases
....
•
916
*
38
*8
....
....
....
....
» •
....
d.
Baltic, steam
•
•
•
....
Compressed.
Liverpool.—By cable from Liverpool, we have the following
&c., at that port:
statement of the week’s sales, stocks,
56,000
3,000
6.700
36,000
bales.
Bales of the week
Of which exporters took —
Of which speculators took..
Bales American
Actual export
Forward eh
Total stock—Estimated
Tftfjil stock—Actual
Of which American—Estim’d
Of which American—Actual.
Total import of the week
2,800
4.700
706,000
Oct. 7.
Sept. 30.
Sept. 23.
Sept. 16.
54.000
0,500
59,000
72.000
3.600
7,200
36,000
5,300
5,400
693,000
7.600
40,000
1,570
5,900
52.000
December.
Rve has been dull,
515,000
79.000
and prices were drooping and unsettled.
Barley has been fairly active, but prices have declined con¬
490,000 siderably, No. 1 Canada “ bright ” having been reported sold
31,500 yesterday at $115@$I 16, at which the market was to-day
70,000
162,000
29,000
184,000
quite dull.
102,000
166,000
3,600
715,000
665,000
547,000
47.500
30,000
29,000
169,000
113,000
29.500
151,000
Of which American
afloat
Amount
83.000
figures made early in the week.
great benefit to the September-sown wheat. To-day there was
a decided decline, No. 2 red winter selling at $1 55@$1 57 for
November, and $1 60 for January.
Indian com has also been excited and variable. There has
been a speculative “ comer ” at Chicago, and a great accumu¬
lation of stock there; the settlement of contracts left the market
in a weak position; yet, as compared with last Friday, the
declines are not important. There have been severe frosts in
Northern latitudes, which have put an effectual check upon
the growth of all vegetation. To-day the market was easier
again, No. 2 mixed selling at 74c. for November, and 77c. for
3,800
5,900
612,000
6.600
550,000
parties to the speculation.
West and the stronger
38®716
716
716®13
lie"®1*!
716
....
716*
•
....
....
....
7ie*
38®716
716® *3
71Q® *8
7ie®1e
....
....
....
....
....
....
....
The light receipts at the
foreign advices gave the bull party the
advantage; and yet for the past few days prices have been
among
....
[Vol. xixnj.
581,000
Oats have been
greatly excited by speculation, and prices,
though showing a material advance, have been quite variable
The tone of the Liverpool market for spots and futures each day of the and irregular.
To-day the market was lower ; No. 2 graded
week ending Oct. 7, and the daily closing prices of spot ootton; have
on the spot, 48c. for mixed and 55@56c. for white ; ana No 2
been as follows:
mixed for future delivery, 48%c. for November and 50%c. for
Of which American
Saturday Monday.
Spot.
Mod.
Fair bus.
?
Market,
at
]
Easier.
Firm.
Steady.
previ¬
ous prices.
Mid. Upl’de
7*4
Mid. Orl’ns
7*4
12:30 p.m
Wednes. Thursd'y.
Tuesday.
7*4
7*4
7*4
7*4
\i
inq.
-
irregular.
Z*M
67q
No. 2 spring...^
No. 2 winter
Winter superiine
6*&i6
7*16
Sales
10,000
2,000
8,000
2,000
Spec.& exp.
12,000
15,000
10,000
10.000
2,000
2,000
2,000
1,000
Closed
i
Firm.
)
5 P. M.
quiet but
Steadier.
Steadier.
Firm.
Weak.
steady.
The actual sales of futures at Liverpool for the same week are given
below. These sales are on the basis of Uplands, Low Middling clause,
unless otherwise stated.
SATURDAY.
d.
6*8®3132
Delivery.
Oct
Oot.-Nov
Nov.-Deo
6*0
6*2
Jan.-Feb
Feb.-Mar
6*732
6®i«
Delivery.
Apr.-May
62i32
May-June
6H;6
d.
6i732
69,6
Delivery.
d.
Dec.-Jan
Jan.-Feb
Feb.-Mar.
June-July ..6Hi6®2332
Oct
6Ui6
Oct.-Nov
(J1733
....
Mar.-Apr
6i932
g&qG>ui32
Oct.-Nov
June-July
..
Nov.-Deo..
Mar.-April.
May-June..
Mar.-Apr
May-June
OoL-Nov...
Nov.-Dee..
Dee.-Jan...
-61732®910
-
6*8
Feb.-Mar..
..62532®3^
Feb.-Mar
65s
Mar.-Apr
Apr.-May
62i32
611x6
63i6
Oct.-Nov
69,6
Oct.-Nov
.
61732
61732
6i932
June-July ...,62532'®%
Nov.-Dee.
Feb.-Mar
Oct
Oot
Mar.-Apr
Apr.-May
6*8
Nov.-Dee..
Jau.-Feb
Feb.-Mar
6i532
6i732
6i732
6*932
63i32
69xe *
6*8
6*8® *932 ® 03
.
6Hx6
Wednesday.
6i932^> *3
6i732® *s
6l732
6i932
Oct.
Nov.-Deo
Dec.-Jan
Feb.-Mar.
:
6°a
6a332
63i
63ie
Mar.-Apr
May-J une.;
June-July ;
Oct
Oot....
Oct.-No V
Nov.-Deo..
Dec.-Jan
.6*1.,® *a
6718® 1332
..67j8®l332
6**32® 7ie
Jan.-Feb
Feb.-Mar
6**32
6*s
6ic
6*3
Oct.-Nov
Dec.-Jaa
Apr.-May
63i32
May-June
6**10 1 Mar.-Apr
June-July ..62332®n16 j May-June
Oct.-Nov
61533 I Feb.-Mar
Feb.-Mar
69io April-May
j
Thursday.
Mar.-Apr.. ..6916®i732 I Dec.-Jan..
69,e | Jau.-Feb..
Aprii-May
May-June.. ..6*8®*932 I Oct
June-July
62132 I Feb.-Mar.
July-Aug
611i6 Mar.-Apr.
6IS32
Oct
I
6*332
67i0
6**32
6*u
June-July
6*8
®*S®:*32
Oct
....6*8
61332
Oct.-Nov
....638
June-July
Jan.-Feb
—
....67i6
Mar.-Apr
Anr.-Mav
...
.6-732
May-June
Mar.-Apr
Apr.-May
6 * 7*2
Nov.-Dee
6i932®9x6
Apr.-May
May-June
...6*8
Oct
Oct.-Nov..
Nov.-Dee..
67x6
e7!*
6716
67xq
Dec.-Jan..
Feb.-Mar..
Mar.-Apr..
Apr-May
May-June
.
61722®9i0
•
6*8
June-July.
BREAD STUFFS.
Friday, P. M., October 7, 1881.
The four market has been less active in the past week, and
prices were more or less depressed and unsettled. Choice
grades from winter wheat were the only brands for which any
degree of firmness was maintained. Recent rains have swollen
Red winter
Red winter,
White
143
®145
1 40
® l 54
1 52*g®l 53*4
No. 2
1 40
68
Cora—West, mixed.
West. No. 2
Western yellow..
Western white
...
®1 51
® 74
73*4®
72 ®
73^
77
76
86
®
105
®110
44
52
®
®
48*2
57*s
110
®114
1 10
®113
®....
®....
®....
Receipts of flour and grain at Western lake aud river ports
ending Oct. 1, 1881:
for the week
»
At—
(196 lbs.)
Chicago
46,484
Wheat,
Corn,
bush.
bush.
(60 lbs.)
(56 lbs.)
Oats,
Rye,
Barley,
bush.
bush.
bush.
(32 lbs.) (4,8 lbs.) (56 lbs.)
8.500
266,035
234,450
334,125 124,410 62,551
29,650 32,365 241.772
45,830
2,037
26,676 14,762
450
29,600 62,619
114,353 98,554 20,721
195,100
5,600 31,725
Total
153,989 1,013,740 3,435,192
Same time ’80. 145,766 2,915,133 3.919,362
763,334 338,310 359.256
1,529.797 635,256 172,304
55,535
1,595
Milwaukee
Toledo
Detroit
11,214
1,567
Cleveland
St. Louis
26,594
Peoria
Duluth
10,000
1,000
253.147 2,801,538
133,310
158,477
119,475
2,400
228,049
12,625
106,257
Total receipts at same ports
sive, for four years:
10,625
93,869
20,125
from Dec. 27 to Oct. 1, inclu¬
1879.
1878.
1881.
1880
Flour
bbls.
6,624,265
4,594,251
4,909,398
4,251,277
Wheat
Cora
Oats
bush.
44,065,477
107,878.158
33,990,819
55,976,978
122,194,427
27.928,474
70,752,267
76,243,364
24,250,662
63,174,491
78,160,165
24,888,834
5,904,927
2,367,983
4,924,308
2,645,442
5,329,415
3,573,983
6,120.503
3,922,974
Barley
Rye
194,207,364 213,669,629 180,149.691 176.267,016
Comparative receipts (crop movement) at same ports from
August 1 to Oct. 1, inclusive for four years:
Total grain
Wheat
6*2
...
$1 25 ®1 45
Spring
Spring, No. 2
(From the “ New York Produce Exchanqe Weekly.'*)
Flour
.
....6*332
-6916
..
7 50® 8 25
8 00® 9 50
....
1
1 QQA
1070
bbls.
1,506,114
1,224,889
1,164,459
1,054.618
bush.
14,642.054
36,975,044
7,537,205
23,026,253
31,513,179
9,901,062
30,754.392
20,404,147
29,167,504
25,656,013
11,227,843
1,913,639
1,363,596
2,318,572
1,253,088
2,888,678
1,662,442
1 QQ1
Friday.
Oct
61532®1332® %
Oct.-Nov
6^32
Nov.-Dee
61332®30
Deo.-Jan
6*332
Jan.-Feb...;
6**32
Feb.-Mar.. .6*2®*732
7 25® 7 50
6 70® 7 25
Flour,
Tuesday.
Oct
7 00® 8 00
bbls.
Oct
Oot.-Nov..
Dec.-Jan..
Jan.-Feb..
..
5 15
5 85® 6 10
5 50® 5 85
6 40® 6 85
Wheat-
City shipping extras. 7 65® 8 00 Rye
Oats—Mixed
Southern, bakers’ and
White
family brands
7 75® 8 50
South’n slip’g extras. 7 00® 7 50 Barley—
Canada No 1
Rye flour, superfine.. 6 00® 6 40
Canada bright...
Com meal—
State, 4-rowed
3 60® 3 90
Western, &c
State, 2-rowed
Brandy\7ine, &«.... 3 90® 4 00
Buckw’t flour, 100lbs. 3 75® 4 00 Peas—Can’da.b.&f
Monday
Oot
4 80 ®
do Al and XXX...
Wis. & Minn, rye mix.
Winter shipp’g extras.
do XXandXXX...
Patents
Futures.
Market,
Grain.
bbl. $4 50® 4 85
Spring superfine...;..
8pring wheat extras..
j
J
Market,
5 P. M.
closing quotations:
Flour.
Flat and
freely
supplied.
73is
December.
The following are
Friday.
Corn
Oats
7,138,595
3,139,681
1,863,665
Total grain....
62.436,538
63,012,154
62,898.254
71,104,676
Comparative shipments of flour and grain from the same
ports from Dec. 27 to Oct. 1, inclusive, for four years:
Barley
Rye
1881.
1880.
.
1879.
Flour
bbls.
6,537,663
3,537,291
5,330,621
Wheat
Cora
Cats
bush.
40,879.254
88.639,506
27,903,822
53,031,331
103,612,453
22,415,075
60.321,231
63,276,845
2,£.07,836
1,576.237
2,426,156
2,127,380
3.156,230
3,366.561
161,806,705
133.635.400
Barley
Rye
Total grain
....
1878.
4,329,836
17,499,592
152,620,459 143,193,152
October
Western lake and river
from
Rail shipments
weeks en<
.bbla.
Flour.
hush
Wheat
ports for the
1881.
1880.
Week
Oct. 1.
Week
Oct. 2.
1879
Week
Oct. 4.
Week
Oct. 5.
125,703
115,098
123,515
97,001
290,5l7
339,181
404,344
999,387
173,993
109,185
334,990
296,260
417,146
313,749
283,060
348,799
175,942
9,095
1878.
315,106
72,479
-•
2,026,090
2,241,992
Total...
1,485,931
Bail and lake shipments from same ports for
Flour,
ending—
uols.
Week
OcT lT.156.818
gept.
Sept.
Sept
Tot
last four weeks:
Corn,
Oats,
bush.
bush.
bush.
1,798,t55
2,626,702
3,002,481
3,572,384
672,920
860.295
756,809
179.548
147.611
853,129
112,927
1,375,533
Barley,
Bye,
bush.
bush.
162,212
4,238,735 10,999,722 3,143,153
4wks.580.054
-
1,165,645
Wheat,
911,023
670,320
1,281,859
24...148.106
17...129,541
10...145,589
44,917
96,013
50.130
60,519
602,298 251,579
7,162,785 10.298,416 3,886,023 625.862 404,666
Receipts of flour and grain at seaboard ports for the week
ended Oct. 1:
4 W*M’80..561,234
_
At—
Flour,
Wheat,
bbl8.
bush.
95.141
New York
Boston
$7,137
2,983
Portland
16,707
Philadelphia... 13,760
Baltimore
26,947
ITewOrleans... 29,187
Montreal
393
THE CHRONICLE.
8, 1881.1
Oats,
Corn,
bush.
bU8h.
376,807
54,000
234,100
295,800
121,600
421,056
Total week... 241,867 1,511,250 3,070,368
COT. week ’80.. 263,921 2,696,203 2,760,051
Rye,
39,300
1,500
14,528
1,100
400
49,309
bush.
201,600
96,115
6,400
7,475
57,300
15,000
89,125
730,418 1,949,S12
273,700
115,925
8,400
Barley,
busk.
10,200
2,000
200
51,400
67,037
919,107 153,524
473,015
87,906
Total receipts at same ports from Dec. 27 to Oct. 1, inclujive, for four years:
goods of domestic manufacture, and, leading makes of im¬
ported fabrics are generally steady and unchanged.
Domestic Cotton Goods.—The exports of cotton goods for the
week ending October 4 were 2,629 packages, of which 1,427
were shipped to China, 420 to Hayti, 197 to U. S. of Colombia,
179 to Brazil, 120 to Venezuela, 91 to Great Britain, 67 to
Mexico, &c. There was a good steady movement in brown and
bleached goods, cotton flannels, wide sheetings, colored cottons,
&c., on account of back orders ; but new transactions were
chiefly confined to the purchase of small re-assortments fop
The condition of
immediate distribution.
the cotton
goods
satisfactory, nearly all the most desirable
fabrics being sold in advance of production, and prices remain¬
ing firm. Prints ruled quiet, but stocks are in good shape, and
the best makes are steadily held. Print cloths were less active,
market is very
“futures,” 4c. less a small
and 3/£c. for 56x60s. Ging¬
hams were in moderate demand and steady, and cotton dress
goods were mostly quiet.
Domestic Woolen Goods.—-The demand for clothing woolens
was somewhat irregular, and while heavy fabrics ruled quiet
there was a fairly satisfactory business in spring cassimeres,
suitings and worsted coatings, which have been opened at
prices in accordance with the views of the clothing trade.
Leading makes of light weight all-wool and cotton-warp cassi¬
meres are already sold ahead for several months, and some
but firm at 4c. for extra 64x64
discount for extra 64x64 " spots,”
good orders for spring worsteds have been recorded by
Cloakings were in irregular demand, and
repellents
were
quiet
and
steady. Kentucky j eans moved slowly
Wheat
bush. 74,948,400
93,527,379 106,551,933
77,922,728
Corn
from
85,556,783 114,814,290
first
85,173.562
85,872,223
hands, and were less active with jobbers ; but prices are
Oats
21,897,187
17,356,382
18.651,369
16,787,460
mostly
steady.
For scarlet and blue flannels there was a steady
Barley
2,096,658
1,837,377
1,891,032
2,932,445
Bye
1,105,605
1,595.952
3,394,147
3,785.267 re-assorting demand, but white and shirting flannels were inac¬
tive. Blankets were in fair request, and prices continue firm,
Total grain.... 185,604,633 229,131,380 213,798,134 189,164,032
owing
to the meagre supply on hand. Worsted dress goods,
Exports from United States seaboard ports and from Montreal
shawls and skirts were taken in small parcels to a fair amount,
for week ending Oct. 1,1881:
and there was a good movement in shirts and drawers on
Flour,
Wheat,
Com,
Oats,
Rye,
Peas,
1881.
bblfl.
Floor
bbls.
From—
New York
1879.
1880.
9,589,927
bush.
bush.
bush.
bush.
59,520
24,177
981,608
24,000
395,867 108,502
227,465
27,660
2,828
3,030
450,587
96,800
119,207
69,426
39,210
132,345
250,146
66,661
Total for w’k 117,265
Same time’80. 139,425
1,741,628
3,971,999
2,232,952
Boston
Portland
Montreal
Philadelphia..
Baltimore
New Orleans..
1878.
6,860,403
7,839,716
7,587,863
3,285
3*481
bush.
1,640
82,628
290
1,111,694 112,273
3,285 84,263
3,007 152,634 206,451
very
manufacturers* agents.
account of former orders.
Foreign Dry Goods were sluggish in first hands and the job¬
bing trade was somewhat less active, retailers having bought
sparingly because of the late warm weather, which has checked
the demand for consumption. The auction rooms were fairly
provided with silks, satins, velvets, &c., and such goods as
were disposed of through their medium brought about their
market value ; but the demand was devoid of spirit, and a good
many lines were left unsold.
The visible
supply of grain, comprising the stocks in granary
principal points of accumulation at lake and seaboard
ports, and in transit by rail and water, Oct. 1, 1881, was as
at the
follows:
In store at—
New York
Do. afloat (esfc.)
Albany.....
Com,
Oats,
Barley,
bush.
bush.
bush.
bush.
4,933,879
450,000
......
Buffalo
Chicago
Wheat,
..
Milwaukee.......
Duluth
Toledo..
Detroit
Oswego
St. Louis
Boston
Toronto
5,188,326 2,306,752
2,410,000 1,522,000
22,500
100,000
24.000
375,034
3,348,194
364,179
328,000
1,593,064
826,348
175,000
981,826
780,688
8,339.783
3,357
803,272
679
215,826
744,589
11,710
442,100
302,861
Philadelphia
Peoria
Indianapolis
Kansas City
Baltimore
1,635,470
DownMiss’pi
On rail
On lake
On canal
127,562
182,715
a
343,652
38,350
250,000
67,010
2,026,614
241,907
271,247
54,759
14,750
•
m
m
m
47,038
6,106
1,236,325
110,000
174,954
46.000
146,390
163,300
80,633
609,982
11.000
106,000
498
313,698
41,633
24.966
...
m
320,000
13,508
1,520
42,024
'
Total Ent’d
at
the
port.
1
89,385
463
3,057
10,477
-
1,193
importations of dry goods at this port for the week
ending Oct. 6, 1881 and since January 1, and the same facts
for the corresponding periods of 1880, are as follows:
%
-
155,989
6,500
15,065
for
Total
cousmpt.
939,873 1,910,038
1,052,269 2,057,811
545,000 1,407,700
766,268
93,550
147,696
162,612
253,952
Tot. Oct. 1, ’81... 19,494,352 27,381,974 6.468,050 1,393.024
19,651.811 25,908,683 6.437.203
20,146,478 24,483,970 6,720.368
875.021
522.721
10, ’81...... 19,848,526 24,083,001 6,789,859
358,732
3/81
19,507,648 22.656,173 7,067.456
370.833
0ct* 2, ’80
14,360,769 19,812,209 2,746,358 1,403,506
48,917
8,166
901.810
829,929
727,384
645.309
510,672
664,846
Total
Flax Silk Cot n Wool
Ent
Flax Silk Cot n Wool
Flax Silk Cot n Wool
Miscelanou Manufctres market. dforcnsumpt. Miscelanou Manufctres Miscelanou Manufctres
Total
on
Total
of
of—
of—
•
w
1
M
M
6,545 4,131 2,414
6,792 4,131 2,6 1
OitOMMtO
OttO^M-4
tO © GO if* M
-1 ot to to
5
M
M <1
QD tO Ot © to
5
M
M © MOD Ot
©©(JO 00©
g M
1,8462 1,462850 38,96 68,04 47,25 15,378 36,19 15,90 ENTRD 1,462850 753,9 69,068 136,74 167, 4 7,49 302,95
to
M
4
pa
FOR
On
5 bo
CO
s
1
40,546 260,3 14,508 80,1 3 2 ,531 6. 71 12,394 2 ,809 379,2 260,38 19,254
WAREHOUS
©
tO
!»
MM
©papappa
mbob ©to
©if-OltO-J
CD tO M 10 M
1
d
oa
H
O
sa ©
<5 w
<■ 1 00
[
©*© ©
Olf*©M W
►
to
l
.
|ept. 24, ’81
17, ’81
fept.
Sept.
66,021
m
243,791
205,901
Montreal
26,171
31,000
36,000
16,024
1,G38
Rye,
bush.
Importations of Dry Goods*
The
1
*
0
*
£1
odS
•
175,31 16,813 589,410 298,102 3.214
$
s
O
at
s
©OtWCJtiU
©aoooo©
-
© ©MO* M
M©M©00
to ©»“*©©
1 1
&
3
Il02,64 15 7,892 6 24,753.19 1,923 8 5,037948 5,37914 3,75910 8,70391 DURING 97,64205 7,892 6 19,750 1,58.914 3,60948 4,5108 3,19803 6,410836 xnivj 6,9524 10,92358 25,013 18,36205 16,423
t
©
OB
B
Am/
14
©
w
M
Value.
$
to
js
M
00
00
p
m
9
■>
II
THE
DRY
GOODS
TRADE.
Friday, P. M., Ootober 7, 1881.
.
Business has been quiet in most departments of the dry goods
trade during the
past week, the weather during the early days
having
continued too warm for the distribution of fall and
winter goods.
The woolen goods commission houses ex¬
perienced a fair demand for spring cassimeres, etc., and booked
considerable orders from the clothing trade ; but otherwise the
purchases made by wholesale buyers were chiefly of a hand-toDaouth
character, and moderate in the aggregate. The job¬
bing trade opened quiet, but a slight improvement was wit¬
nessed towards the close of the week, because of a
change
favorable
inquiry for
in the weather, which caused rather more
^hsonable fabrics. Prices remain firm on all the most staple
6,246 5,120 1, 26
W COM
10
MMtO©^
*»- Ot 00
SAME 6,825
1
Ot M
*•!
to©
© O’
M
© oa m to w
totOM©oo
©W©tOM
„.
53
i
to
12, 436 1,894316 20,1 36,47 64,014 92,54 25,4 10,71 PERIOD. 1.894,316 39,03
402,7 248,304 154,68
37,06 248,304 128,702
to
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t^ot^iot w
a
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tfk^l©tO-^
a
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THE CHRONICLE.
394
Howard lapslhy,
Members N. Y.
Cyrus W. Field, Jr.
Holt,
.
BANKERS,
TRANSACT a GENERAL BANKING
DEPOSITS received and INTEREST
No.
allowed on
G. E. TAINTOR.
Walston H. Brown & Bro.
Co.,
BANKERS,
R. T. Wilson Sc
C. M. Rutter,
Exchange.
Member of N. Y. Stock
Buy and Sell on Commission, for cash or on mar¬
gin, all Securities dealt in at the New York Stock
Exchange. Interest allowed on daily balances.
Particular attention paid to orders by mail or tele¬
BANKER
OR 27 WALL,
BROAD
NEW
Member
STREET,
YORK.
Fred
Branch Office:
<fc CO., WASHINGTON,
BATEMAN
Transacted.
commission for cash
No. 20 BROAD
General Banking Business
Securities bought and
sold on
margin.
Advances made
approved collateral at the
or on
on
market rate.
Deposits received subject
to check at sight.
4 per cent interest allowed on all
Orders executed at London, San
daily balances.
Francisco, Bos¬
ton, Phibtdelnhia »nd Bnltlmore Exchanges.
P. S.- My New York Weekly Financial Report Is
mailed free of charge on application.
J D. Prince, Jas. Whitbly, h. Ckuger Oakley
Harry C. logan,
Maynard C. Eyre.
W. R. Travers, Special Partner.
64 BROADWAY, NEW YORK,
(Branch Office, ISO Fifth Avenue).
AUclasBesnf Railway and Mining Stocks bought
No
and sold on Commission.
Private Telegraph Wires to
Philadelphia, Wilming¬
Boston, Bridgeport
Washington,
-
W. C. Flo yd-Jones,
Members of the
A
William Robison,
N. Y. Stock Exchange
Railway Bonds and Coupons
2
AND
Commission GOVERNMENT
and RAILROAD BOND9 and STOCKS, and all
classes of Securities dealt in at the NEW YORK
STOCK EXCHANGE, or all reputable Securities
Purchase and sell on
BROADWAY,
66
■ WLSTMEXT
WALL
2
SOUTHERN SECURITIES A SPECIAL 1Y.
LOANS NEGOTIATED.
Interest Allowed on Deposits.
INVESTMENT
SECURITIES.
STREET.
Randall & Wierum,
EXCHANGE
of
assortment
An
desirable
WALL
New
STREET,
York.
Transact a General Banking Business, including
the purchase and sale of STOCKS and BONDS for
cash or on margin.
Bay and Sell Investment Securities.
£. M. Kidder. Wayland Trask.
W. C. Hill,
H. J. Morse
AND 19 NEW
The
STREBT,
NEW YORK.
STOCKS AND BONDS BOUGHT
COMMISSION.
AND SOLD OK
John F. stars.
George Stark & Co.,
BANKERS,
No.
33 NASSAU
STREET, NEW YORK
Securities for cash or on
made of Western Fan
Mortgages bearing from 7 to 10 per cent interest.
Will undertake the negotiation of loan* upoa
Vestern City property in large or small amounts
Buy and sell Investment
iommission. A specialty
James Kitchen,
IN
BROKER
UNCURRENT
CEDAR
70
STREET,
NEW
>. O. BOX 3413.
Beasley & Co.,
BROADWAY, NEW YORK.
Undersigned hold REGULAR AUCTION
SALES of all classes of
AND
STOCKS
BONDS
ON
WEDNESDAYS
ADRIAN II.
P. O. BOX 2,647.
AND BROKERS,
INVESTMENTS,
STOCKS and BONDS
At Auction.
BANKERS,
BANKERS
ADDRESS:
98
18
Glazier, Kohn & Co.,
:OMMISSION
A. W.
No.
Cash paid at once for the above Securities: or
they will be sold on commission, at seller’s option.
Correspondence solicited.
Chas. K. Randall,
Otto C. Wierum.
Member N. Y. Stock Exchange.
de> Co.
SPECIALTY.
A
always in hand.
GOVERNMENTS & FOREIGN EXCHANGE.
Stocks
Insurance
bonds
PLACE,
Brokers in Railroad Stocks and Bonds,
Dealings in
Investment
St
F. vv. Pkkry.
PINK SfttfiLT.
George Stark.
Securities.
GOVERNMENT BONDS, STATE. CITY, COUNTY
RAILROAD & MISCELLANEOUS SECURITIES
Bought and Sold on Commission.
Virginia Tax-Receivable Coupons Bought.
First-Class
Bailey,
NEW YORK,
Securities.
J. li. Latham.
50
Co.,
dealers in
'
EXCHANGE
S.
66 BROADWAY
BANKERS AND BROKERS,
J. H. Latham & Co.,
Government
subject to check.
STREET, NEW YORK.
BROAD
E.
bought and sold in the OPEN MARKET. LOANS
and COMMERCIAL PAPER negotiated. Interest
EXCHANGE COURT.
FOREIGN
and
-BANKERS25 fme §t. - i£ewybRK>
Stocks,
York Cify, Chicago, Cincinnati,
Louis, District of Colombia, and
Municipal
R. A. Lancaster &
Smith,
Government Bonds, Stocks and all Investment
Securities bought and sold on commission.
bought and sold at best
(olXl^S.JJoPDEN yE^INS.
paid on DEPOSITS,
Wm. P. Smith,
York Stock Exchange.
BROKERS,
No. 29
7
BROKERS,
Bonds and all Investment Securities
bought and sold [strictly on commission] for cash
or on margin.
Wm. L. Bueese,
Memoers of New
Market Rates.
Floyd-Jones & R( buon,
BANKERS
SPECIALTY.
buy or sell are
Investors or Dealers wishing to
Invited to communicate.
State,
Whitely,
Prince &
ton. Baltimore,
and New Haven.
'An intimate
COMMERCIAL PAPER NEGOTIATED.
STREET, NEW YORK.
SECURITIES
knowledge of all for the past 10 Years
AND SOLO OH
COMMISSION.
Breese &
RAILROAD
York.
Wall Street, New
BROKER,
AND
BROKERS,
BANKERS AND
Smith,
H.
RANKER
D. C
Brothers & Co.,
STOCK EXCHANGE.
strictly commission business conducted in the
purchase and sale of Stocks and Bonds on Margin
or for investment.
Complete Financial Report Issued weekly to our
correspondents
of the N. Y. Stock Exchange.
John Sickels.
Member N. Y. Stock Exch.
STOCKS AND BONDS BOUGHT
BONDS,
AND
STOCKS
^
Vioe-Pree*|.
Wm. B. Kendall, Henry Sanger, Alex. MoCue,
John P. Rolfe,
Chas. R. Marvin, A. A. Low,
E. F. Knowlton, Abm. B.Baylis, Henry K. Sheldon
H. E. Pierrejpont, Dan’l Chaunoey, John T. Martin. '
Alex. M. White, Josiah O. Low, Ripley Ropes.
Austin Corbin. Edmund W. Corlles.
WM. R. BUNKER, Secretary.
54
A
BROKER,
AND
CHAS. R. MARVIN,
TRUSTEES:
BROAD ST., NEW YORK,
NO. 24
persoiw
depositor?
find this Company a safe and convenient
for money.
RIPLEY ROPES, President
Coleman Benedict & Co.
MEMBERS OF THE N. Y
Trowbridge,
E.
It can act as agent in the sale or management of
real estate, collect interest or dividends, recelv*
registry and transfer hooks, or make purchasers
sale of Government and other securities.
Sand
1864.
graph.
F.
This Company is authorised by special charter ft*
act^aa ^celver, trustee, guardian, executor, or ad.
thxo. v. 8a np.
Max E. sand,
ESTABLISHED
NEW YORK.
No. 80 BROADWAY,
TO THE NEGO¬
RAILROAD SECURITIES.
BIIORERS,
AND
New York.
Pine Street,
SPECIAL ATTENTION GIVEN
TIATION OF
Walker,
Rutter &
BANKERS
W. N. Walker.
11
Brooklyn Trust Co.
Cor.of Montague St Clinton at*., Brooklyn, N. Y.
Religious and charitable institutions, and
FRED. A. BROWN.
WALSTON H. BROWN.
The
unaccustomed to the transaction of business wm
Boston
GEO. H. HOLT
BANKERS AND COMMISSION MERCHANTS
Q Kxcliaiige Court. New York
New
STREET,
WALL
5
MUNICIPAL and
wires to Providence and
Private telegraph
No.
Special.
New York.
Buy and sell GOVERNMENT,
RAILROAD bonds.
A
Cyrus W. field
STOCK
business.
balances.
No. 5
d. Seymour Willare
Stock Exchange.
Lapsley, Field
& Co.,
BROKERS,
YORK.
WALL STREET, NEW
No. 10
Financial.
Financial.
Financial.
Tain tor &
{Vot. xxxm.
AND
SATURDAYS.
MULLER & SON
No. 7 PINE STREET,
NEW YORK.
YORK
Soodijt
Ms iettau
& Go*
BANKERS,
58 Broadway, con
RANSACT A
GENERAL
Exchange Place,
BANKING BUSIN®*
ELUDING THE PURCHASE AND
rOCKS AND BONDS FOR CASH OR
IN.
BUY AND SELL
COMMERCIAL
P. O. BOX
D. A. BOODY.
Reuben Leland,
SAL® OF
ON MAR¬
PAPE*-
447.
C* W McLKU^LT^
JT*G. Saltonbtaw*
@FedFRASER