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HUNT'S MERCHANTS' MAGAZINE,
REPRESEXTIXO THE INDUSTRIAL AND COMMERCIAL INTeiRESTS OF THE UNITED STATES
YOL
NEW
43.
YORK, SEPTEMBER IL
financial.
DIAMONDS.
Walcott
Co.,
J. C.
BANKKR8 AND BROKKR8,
No. S4 Plaa Str»«t, New York.
&
Bank Note Company,
78 TO 86 TRINITY PLACE,
NEW
Transact a General Banking Bnglnemi
YORK.
Alfred H. Smith
&
Co.,
IMPORTERS,
1Mb
!<•. .( MM. rf V« fM*.
H— liill*TT
ZNcaATua AXD Piurm* or
BONDS, POSTACC A MEVCNUC STAMPS,
182 Broadwaj, Cor. Joka Street
LEGAL TENDCM AND NATIONAL BANK
NOTES Of th« UNITED STATES; and for
axk••rnUMEJrr*
WB
muAm,
*!!•
••*
rmmu •TCxi.njiTB%
VTAltrS. Aa, la Ika SaaM aad
I
«Mk aituL urrcrtxaa k mrixT rnr
%Mtel t^ n fcll.ii I .liail .If
Mi .( ito Cana«v.
GORHAM MTg
~
'
fc.
^
unomnnnOMO nrt rtmrm*.
tkx TicxrT* jar inpboteb
kawCwfa. I till. KA*m*mn.
Co.,
Bros.
BANK BRB,
.WAt/KBK, WIS.
0OIXBCTIUN8
p.
rvma. P(««X
J.
W. WoBS, CackMr.
Maverick National Bank,
BO»TOK.
••...•. 0400,000
SCKPItUS, ..••.... 400,000
BSTSA TO-
•ftak natbinal. BtatiWi^
Haakara M.
T.
>
tariai
Robison,
BANKKRS AND BBOKKBS,
da. % Kzcbaasa Coart,
Btatka. Boada and
Naw
V. S. OnraraaMat
York.
gaaiitm
Bo^kt aad BoM oa CoaalMlaa.
Maakara
J.
A.
Kohn
Varelsa Kirkaace.
Baa4* a Marrlalir.
•••lara ta niae«llaaa«aa Sccarillaa.
Prlaip laraaiarac
TIllKBm * WBtTOM,
BAJIKSBB AKD BROKXB8,
R*. * bxchancb court,
Terfc.
amnt & Itiniaa. Maaibar H. T. Moak Bxak.
Ba»aaBi.Aaa Wtaroa
STOCK BKOIiBR.
Lansdale Boardman,
NBW VOBK,SOBBOAX>WATA5irBWR.
T., Ho. 17 FIBn 8TRXKT.
aaakarikip; prtraUwIrai aB fb^BUa*
TB«kT, N.
MB.
OoBBaaPoiTDSim
Messrs. B.
W. n,A RK A CO
, I
p_,,
&
S. Ives
Sta.,
Co.,
BANKERS,
P. O.
—
ST.,
NBW VOBB.
Prince & Whitel
BROADWAY, NKW YOBK.
1*1 PIftb Ara.. Naw Tork.
BIB iB^, g^ ,y„,,i„,,„o D, 0,
Baj and sail on eoaunlsston all nlssiss of Railroad
•laaartuea: also Orala and ProTlsions.
PriTata Talearapk wtras to Philadalpbla, WllmlnaUm, Baltlmora, Wasblndtoa. Brtdfaport, New liaran,
B_
. _._ />_,.«.
BBAjrcB
OVPIoia 1
Boston aad PItUbnrg.
The
(M.
Ooraraaiant. Stata. Coantr. CItr aad Railroad
koa* aoeitaotl; oa kaad for lala or aaakaoaa, and
pamralar auanUoa irlTan to tha rabjaot of Invaatfor in.titatlitn.
H. Lathani
&
III.,
SCL'DUEB, Jr., Proprietor,)
ANSWERS INQUIRIKS CONCiCllNINa
American 8tocka and
Securities
LIbrarj of Railroad Doennaata.
tpena.
CoBpatant Azpena.
Coadaniitlal Raaoita.
I^ne
MndrraU
Mndrrats Cham*.
]
D. Probst
.
S2
&
Co.,
EXCHANUK FLACK.
MBMBBB8 MEW YORK STOCK BXCIIANOB.
Kxoeato ordora oa Stocka aad Boada
UNITED BAMK BniLOTNO,
WALL STBBBT, NBW YOBB.
^^
Robertson,
BROKER,
STOCK
BOXD AKD
L.
J.
Dealer in InTestment Secnrltles,
No. 7 NASSAU BTBEKT,
(Oontliiental Matlooal Bank Balldlng
Row
Tork.
Albert Pearce,
Co.,
CUT. OoaatT, Blau, Railroad, DMilat of Colomfcla
'
ibad« tod Koraga Bzahaaca.
Corraapondaaaa SeUatad.
.
Chlcaco,
U
and Iraat faada.
JOa« HnWAan l.ilTBAM, PUDBMOK W. PkHRr
M^bar of N. V. Stock Baohaaca.
No. S
St.,
la Loadoa.
Baaatra dapoaiti laBlaot ta ihaak at Hakt aad
lataraat on dallr b« l a Bia«
;•
Agency,
Investors'
-*
aOow
.
V
No. S4
BOX
a (aneral banklna baalaaa, Inaladlaa tka
paiiaan aad aala of ncarlUaa Hatad at tha Naw
Toik aiook Bzcbaoaa, or In tka opaa aiarkat.
Trii
0,
L Tratiiui, SpaoUl Partner.
Wm.
334 La Salle
Tbird and rbealnnt
NASSAU
„„ -_,
BoaTOB.
BkJfBT U. OuiKia. Wuhlnffton, D.
InrntBimt Vaeantiaa.
PitTala«1ral«yaa York. B alt tBMWaaadiWk arplacaa
Na. ti
.
H. CBOOBB OABI«T.
jAMla WBITkLT,
>LAraAR»r. btrb.
Pafftlaalar attention tftTun tu Infoiaaltoe raaardlnc
,
IBBOAD
Naw
Co.,
PHlLADKLPglA
Henry
& Co
&
OaaaaMa raeamd MbjMt to aback at •KkL and
lotaraat allowed on dallr balaoeaa.
ntnrAi B4>nd«. Ar.. bunabt and aold oa oommi.aloa
InKhllxlelpbla aad oikar Mtlaa.
HawVa'
ST. (KfLIA BciLOno). IT. T.
MaaiMn nf Na« Tork 8(««k Kzekanca.
Mmmmmf arJara la B*a«% M*eka aaa
IS
S. IT. Cor,
Co.,
BROADWAY, flKir YOBK.
74
tc
BANKBB8.
Bnata ko^kt aa« toM
&
Floyd-Jones
and PkUadalphta Bloek Kxehaacaa.
H. Taylor
L.
AWUiati of Baaki aad Bankan aoiiatad.
a4a apoe tavorakia
&
B. Hollins
}
Manfeaata' Natlaaal Bank aad Baak of itortk Aaara^ Naw Tork : MarekaaU' NaUoaal, Chleaaa Mat.
OAriTAL,
OallMiloaa
Bu<s« to aoT part of tka eoaatrr
Wwaat nuat. AeeoaoU of Baak*. Marckanu aad
at
AAA
&
Houghton
TOVRO ROSCRTWNI.
FIEELAND, tacfiuiTl
H.
f
DBTBN8 A TUCKBRMAN.
. SMItLIE.
THEO.
Mankara of_tba Naw To*
BANKBB9.
79
i
SIMM OOKS OF EVtMV DCacmfTOI
MJUTflL 00— LL. ffii M wl
ncs-FUsmwT,
«. D. •HCPMB.
MCOOmUOH,
1
«.
Broadway and Nioeteentk Street,
AHD » MAIDEH LASC.
SArCTY PAPIR*.
Eaa«ata4 la rtrtprmmf B« ll«fa
W«rk
Co.,
I
DiCKunoB, {
H.
SOLID SILVER.
ami raSPSKATMN^
CKECK*. BiLtA or kxchaji*^
•AFCTV COLORS.
a Wp.Aix«TT,
Prami
PRINTING,
IWTSatSKAKi: ccuTiricATKa,
$
stock* and Bonds booaht and sold on CommUaloa.
Ordar* raoalTad In Mlnln« gtock>,and In Unliatad
Baearttlaa. CoUaetloaa aada and loans nacoUatad.
DtTtdaad* aad Intarast aollactad.
Dapoalta raaalTad sab)aat to Draft.
lataraat allowad. laisatuiaat saearllles a spaolaltr.
Wa issoa a Iflnaaalal Bapofi waaklr.
Joa.
Foralsn Covernm«nta.
E^GR^WING AND
1,107.
FiuanctaL
^iuanciftt
AMERICAN
NO.
1886.
IS
4c
18
BBOAD
ST.,
ALL KINDS OF INVBBTMKNT
BONDS, MI8CBLLANBOU8 SKCURITIBS
AND DKFAULTBD BONDS
CORRBSPONDBXCB 80LICITBD.
BROKBR
IN
THE CHKONICLR
IpauUietrs
WALL
&
Morgan
Drexel,
aM
XLIU
[Vol.
graxwjcrs of f^ovi^Qn ^xthvLUQe.
&
Co., August Belmont
Co., Heidelbach,
Ickelheimer & Co.,
WILLIAm STREET,
BANKEBS,
STREET, OORNEK OF BROAD,
No.
12
Pine
Street,
I88DB TRAVELERS' CREDITS,
29
available In
all
parts of the World, through
Cor.
NEW YORK.
Exchange Place,
Drexel,HarJe8 & Co Messrs. N. [>I. RoiliHchlld A^ Hons, London.
"
de RothKchlld Hroik. Part*.
Cor. of etb * Cbeatnat SU. 31 BoaleTard Haiusnuum,
"
M. A. de Rothscblld & Hans, Frank>
BUY AND DRAW BILLS OF EXCHANOB,
Ion o\in.
PARIS.
PBIIiADELPHIA
HAKE CABLE TRANSFERS, ISSUE TRAVEL.
8. M. de Rothachlld, Esq., Vienna.
BRS' CREDITS.
AND THEIU C0BRXSP0NDENT8.
D0ME8TI0 AND FOREION BANKERS.
&
Drexel
Co.,
FOREIGIV BANKERS.
Securities
Depoalta received snbject to Draft.
bOQgot and sold on commission. Interest allowed on
Danoslts. Foreign KxchnnKe. Commercial Credits.
Circular Letters for TniTelers,
Cable Transfers.
ftTftllable In all part«
of the world.
Draw
Brothers & Co.,
NEW YORK. Boston.
Phila.
AND
ALEXANDER BROWN & SONS
Brown
BALTIMORH.
Bar and Sell Bills of Exchange
ON GKBAT BRITAIN AND IRKLAND, FRANCE
foreign countries
J.
&
Co.,
STREET.
EXCHANGE ON
BILLS OF
SniTH, PAYNE
••
A:
John Paton
MANCHK8TER, PAYABLE IN LONDON
W^UUam
BDINBURQU AND BRANCHES;
sold.
No. 33 Naaaaa Street, Neiv Yoik.
No. 4 Post Office Square, Boston.
Issue Circmlar Letters of Credit for Travelers' Use
Abroad against Cash or Satisfactor>
Guaranty of Re-payment.
Ezcbamse on London, Paris, Berlin
and Zurtcli.
Made bt Cable.
&. CO.
House—mUN ROE
International Bank of London
(Limited), London.
Bessrs. John Berenberg, Gossler dc Co.
22
Kransa & Co., Paris
the
New York
New
Orleans
Pacific
Ohio Central
Stock KxchanKO
Land
Grant
(River Div.)
Old Ista
Geo. H. Prentiss & Co.,
No. 49 WALL ST., NEIV YORK,
SOS RIONTAGllE ST.,
BROOKLYN.
OAS STOCKS
AND
OAS SECURITIES,
&.
24 Exchange Place,
YORK.
Kennedy Tod.
Alexander Barino
Member N. Y. Stock Exch'ge
H. O. NOKTHCOTE.
J.
Kennedy Tod
No. 63
&
Co.,
WILLIAM STREET,
RANKERS.
Act as Agents for Banks. Bankers and Railroad
Companies.
Issue commercial credits, alAO foreign and domestlo
travelers' letters of credit in pounds sterling & dollars.
OflTer InTcstment Securities.
Buy and sell bonds, stocks and securities in all Am>
erican, Canadian. British and Dutch markets on commission. Collect dividends, coupons and foreign and
Bonds
Stocks and
Street Railroad
AHD ALL KIHIW OF
BROOKLYN
SECITRITIES
DEALT IN.
8B1 OAS QUOTATIONS IN THIS PAPBR.
Geo. H. PKBNT188. W. D. Prentiss. W.
Member N.Y.Stock Exch.
LOMBARD INTESTMENT
W. Walsh
CO's
Six per Cent Guaranteed Western City
and Farm Mortgages.
UNDOUBTED SECURITY.
Interest
Payable Seml-Aununllr in
New
York or Boaton.
For sale by
J.
B.
McGEORGE,
No.
Sell Bills of Exchange on
I»IEL.riL,liE, EVAN.'S &. CO., ) , niannw
•'ONDON.
(
«c SON,
V. J.
MAKCIIAKI), KKAIJS!^ dc CO.,i{rAKlS.
n.Dia
Jt CO.,
'.20
Broad Street.
HAMBRO
HOTTINOUEK
Kidder, Peabody
1
&
No. 96
G^S STOCIiS,
FOREIGN BANKERS,
Street, New York,
TRUST
CO.,
Loudon
COmmERCIAL CREDITS,
CO.'S
TELEGRAPH
113 Devonshire Street, Boston.
BARING BROS. &
IN
Co., CITY RAILiWAY STOCKS,
Nassau
Messrs.
BROADWAY,
DEALER
ATTORNEYS AND AGENTS OF
Co.,
& Georgia
and Incomes.
Co.,
TELEGRAPHIC TRANSFERS OF MONEY
ON MEXICO, CCBA, dec.. Sic.
Cable Transfers.
BANKEBS AND BBOKEKS,
of
East Tennessee Virginia
BILLS OF EXCHANGE, LETTERS OF CREDIT,
Commercial and Travelers' Credits.
Members
Pacific Railroad Co. Scrips.
AMD
Hamburg.
&
&
inland Drafts.
COBttESPONDBNTS OF THE
Unger, Smithers
Texas
AND
AND
COMMISSION MERCHANTS,
Ruckgaber,
BANKERS
W^ILLIAin STREET, NEW YORK
Bills of Bxohiui«e.
&
BANKERS
&
Hessrs. ITIarcuard,
RROAD STREET.
4
DRAW on
Maitland, Phelps
J.
29
CO.,
4c
New York.
BRITISH LINEN CO. BANK, LONDON
SCOTLAND.
GABLE TRANSFERS AND LETTERS OF CREDIT.
Co.,
KIRK,
A.
Bonds.
;
ALSO,
Schulz
Street,
NEW
NATIONAL BANK OF SCOTLAND,
Paris
Co.,
Accounts and Agency of Bj..nks, Corporations
firms and individuals received upon favorable terms
Dividends and interest collected and remitted.
Act as agents for corporations in paying coupons
and dividends also as transfer agents.
Bonds, stocks and securities bought and sold on
commission, at the Stock Exchange or elsewhere.
Sterling Exchange and Cable Transfers bought and
BELFAST, IRELAND;
AND ON THE
CaEDiTB Opened and Pathbnts
&
JESVP, PATON
52
ULSTER BANKING COMPANK,
&
Berlin,
SUCCESSORS TO
COUNTY BANK,
LIMITED,"
John Munroe
TOBET
Railroad Co. Scrips.
BANKBBS. LONDON
BANCBESTER
STETTHEIMER
a.
Payable In any part of Europe, Asia, Africa, Anstralia and America.
Draw Bills of Exchange and make Telegraphic
Transfers of Money on Europe and California.
SiniTB>S,
&.
^pztiViX Uniuestmjeutd.
THE UNION BANK OF LONDON
&
Stuart
J.
83 *NASSAI7
AVAILABLB
ALL PARTS OF TUB WORLD, ON
Messrs. C. J. Hanibro & Sou. London.
ALSBERG, GOLDBERG tt CO., Amsterdam.
ALTMAN
ase In Martinique andGuadaloupe, and In doUarsfor
Kte in this and adjacent countries.
aadthelrl-ondon house, Messrs. BROWN, SHIPLBT
A CO., receive accounts of American banks, flrms
and Lodividuals, upon favorable terms.
BANKERS.
BROAD STREET,
Issue Letters of Credit for Trarelers
On SELIGMAN BROTHERS, London.
SELIGMAN FRERES & ClE, Paris.
SELIGMAN * STETTHEIMER, Frankfnrt.
BWBDKN AND AUSTRALIA.
Icane Commercial & Traveler** Credits
in STEBLINQ.
Available In anjr part of the world. In FRANCS for
abroad on all points in United States and Canada,
and of drafts drawn In the U nited States on
ISSUE COMMERCIAL CREDITS,
IN
Neiv York.
QKRMANY, BBI-QIUM, UOLLAND 8W1TZ.
KHI.AND, NORWAY, DENMARK,
Hake Xelegrapblc Trausfers omonej
Betiveeu tblti Conntrf and Enrope.
AKKCOMiKCTIONJ* OF DRAFTS drawn
make Cable Trans
France and Germany.
No. 23
OLD BROAD STREET, LONDON.
22
of ExchanKe on, and
& W. Seligman & Co.
J.
ATTOBNET8 AND AOEWTS OF
Heur*. J. 8. inoRGAN & CO.,
o.
Bills
fers to, England,
Bank
STOCKS
STOCKS,
Stocks, Insurance Stocks.
quotations of Trust and Telegraph Stocki
In Saturday's Ertnini Vott and Daily Indicator.
Seem;
Memptala
A
Little
Rock RR. RoBde,
Dealxks in Foreign Exchanok. OovKaNMENT
inisa. A Teiiii. RR. Bouda,
Circular Credits Tor Travelers.
and othek Investment Bonds.
Carolina Central RR. Bonda,
8TKKLINO LOANS A SPECIALTY.
44 Wall St. and 63 Greene St., N. Y. Cable Traksfbrs and Rills of Exchange on Ga. mid. A Gult Railway Bonds,
for
investment
or
on
commission,
and
sell
on
Bay
Atlanta A Charlotte A. L. R'r Bonda,
aaiKin. all seourltles dealt In at the New York Stock
Orbat Britain and the Continent.
Kzchanxft
IHemplils A Charleston RR. Beads,
And iniBcellaaeous Seenrltlea,
Canadian Bank of Commerce.
CAPITAL,
i.
IS
U.
SUBPLCS, 11,600,000.
& B. E. WALKER,
JOINT AGENTS,:
$8,000,000.
eOADBY
EXCHANGE PLACE, NEW YORK
BUT AND SELL STERLING EXCHANOB, CABLE
TRANSFERS. ETC.
UdUB COMMBRClAIi CRKDITP, ATAiLABLE
U) ALL PARTS or THE WORLD.
KOUNTZE BROTHERS,
BANKERS,
120 Broadway, Equitable E allding. New York
LETTERS OF CREDIT AND
CIRCULAR NOTES
Issued for the use of travelers in ail parts of the
world. BlltsTlrawn on the Cnlon Bank of London.
Telegraphic transfers made to London and to various
places in the United Stales. Deposits received »ubfect to check at sight, and Interest allowed on balances. Government and other bonds and taveetaieDt
leonritles bought and sold on oommlBslon.1
Bjr
BOUGHT AND SOLD
R. A. LANCASTER A CO.,
10 Wall Street.
YOU WANT TO BUY OR SELL ANT
IF
OK BONDS
PUTS OR CALLS ON STOCKS
send for, or call or,
write to, telegraph
60
to.
Kxclinuirc I'lnrv,
Send for
my new
New York.
Circular, Just Issued.
GkPRXBSR
THE CHKONICLE
11, 1888.]
^nuTaitvs
Fred. H. Smith,
BANKEB & BROKER,
I(*. 90 BHOAD NT., NEW VOBK.
T«attT7Mn'axpart«Be*tBBaUiD«4Bood*. PmrMm AMDUa to bar or Mil OBCwnat Bond* wU.
^Soaka bowtat
mctlonal I/ou or oUmtwIm.
in
M>« (or CMfeor on lUrsIn
f.H. «!*>. I MombMS CoOMtMatod Stoek aad
PWinHw Bsakaaco. Now York.
Ettm. I
i. fr.
Oa*. J. ToTNSKXD. l.AMaug
Mombor K.T. 8toek Kxehaoco.
J»o. P.
TowmnD,
&
Townsend
C.
WA«ninur.
aud grohers in glcw ^orfe
TRABBACT
DBP06IT8
BoT and
r. CABoLiM.
oiiw.ia r. cai
MtMbor NTr. Mo«k sekaaaa.
&
Cox,
Baaken * 0»tmmttmt»u M*«k Brakarr
m BBOASWAT,
<K
Branch Oflaa.«U MadMoa At, aor.tM BU Kow Tort
I>Mai*li raaalTa d nblaet to ahaak at MiM. aad
MlaraM allotrod oa dailr balaaaM. All Itaak* aad
SaaartUM daatt la at tha Naw Totk atoak Bxakaaaa
koasbt and Mid oa OhmmImIoii. tar Ckafe or a*oa
^__
Marrla.
&
Gilman, Son
Co.,
BAWKKRB,
«•. •• oMBAm vrmmmrw.
WAtnoa
H.~Baova.
P.
Baowa.
Wood,
ASSAD srm
BKW TORK.
O. B.
TAINTOR.
&
Huestis
Co.,
BANKKBS AMD BKOKEB8.
Bl
OCBBMoaa
BBMoaa TO
WOOD *
»A
DAVM.
MaartlMa aladMllMBov
I
C.
Turner,
J.
In
tha N.T. Btoek Bzebaan)
*
BEOAD
18
&
Member* N.
HiKAK Dewiso. Clabk Dawiva. F. T. Boxracoc
(Maabar of Kaw Vork Stoek Baehaasa-)
'
He*. IS
4c
IS Br*a« StraM,
iwH
Maakaaad Booda
r
J.
Iowa
Uva A Tnut
bOM>t and
Co. 6 par eant
aold.
W. R. DirKntaos,
MaMbarN. T.iUMk
Dickinson
f
H*. SO
naa
Straat,
Inraatora wlablns to bny or aall are tnrltad to eall
or aorraapond. Prompt and paiaonal atlaatlon gtraa
loallordara.
AoariB O. OOBRAii.
Cbas. W. TtnursB.
Cba*. C. Robu.
Baaber B. T. Stock Ezeh
BANKKK AND
Ra. 14 Wall Street,
&
Raa. SS
Ac
Rew
&
John H. Davis
Co.,
BBOAD STBBBT,
Tark.
&
Vork.
BAMKBRA ABD BROKRRS.
nf Maaka.
Baaban and
oikar* raaatrad
tataraat allowad on balaaaM. AatrlatlrCaMBtoaioa
iaalaii la ib aaariBaMaadMlaaiatofcaaadboada.
^roaCnrBaokof
Cltr,
Msntctpal and Kallwar Bondt aad Conpoaa
at beat market rataa. Inreatoraoi
daalan wtaklaa to bar or aall ara larlted to eommaal*
aato witk aa.
ttemhernf tha Naw Tor* atnaa Baenaaaa.
RoIston&Bass,
BROAD 8TRKET, NEW YORK,
20
STOCKS, BONDS
Co., AND niSCKLLANBOVa
SECDBITIBS
BANKERS AM) BROKERS.
Da a atrirtiT rommlaalon Bualneoa
STTOCBS, BONOB aad UUAIN,
la
WIraa to CUICAOO, BALTIMOKB
PHU.AUBLPI11A aad IntarModlata Polnu.
TOBB.
Ra. IT WALL ST.,
WMk Pnrau
RBW
Oarraapondaeca aolldtad.
Qaotatlona iibawfally faralahad.
Wm. H. BOLaToli,
W. AlikZ. BAM, Jr.
MaMbar B. T. Btook Kaeb^a.
&
Buttrick
Elliman,
New York,
riBST-CLASB BONDS POR 1NVB8THBNT A SPKCIALTY.
18 Wall Street,
Bay or Sell ara Inrited to aa
or oorraapond.
Ball oa Coamlaalon tor Caafe.or oa MatBla.
Bonda dealt In at tba M. Y. Stook^Eab,
all (ttocka
Bay and
CaJ Co.
BACKERS,
WALL STBBBT,
R a.
IS
Raw Ta>B« ^
*
•A
A: 3'J Broadwar, B. Y|
fhmdi and United Statea GoTemmec
Boa«ht and Sold oa OOBBlaalon.
Eaehanae Ceart
Btorka,
Beearitlaa
BBTBU.T
jAk. D. RIHOIfa,
N. Y. Mock Kxehanca.
N. Y. Produce Bxcbanaa^
LMdoala a
^Uto -_iiagil att aaUoa «lraa to B aaaiBlM (oria*«aiMaat.
'
CRkW.
Sail InTcataiant Saaarltlaa.
p. O.
BOX
S.MT.
WATijtxD TaAH. H.
W. C. HlU.
J.
Moaar.
Stewart Brown's Sons,
STOCK BROKERS,
S4 Broadwar
BA B
8 Broadwaf.
&eoa^
R
car.
STtKKH AND
BO.Sl>9
A."*!)
IS
New
&
Cahoone
18 Wall Street,
" -'•"-'<.. t:klea«a,
St.,
Rew Yarfe
Wescott,
New York,
t'-
»KIA.
Special Attention gtren to
n BUSEBBBS, (jlOTerBBieBt A other laYestment Boada
SAUfor
-.D
1
..- ..
UH uN MAR-
Correapondenoe Solicited
L.VVE3TBBWT -BTURl-
ALU>WB> OB DBPOBIT8
gUBJBCT TO CUKTK A^ SM^T.
INTBKKSIT
Dl a. Boodt.
*
Execute Orden Id all Secarlllea Liated on
K B B,
BEW YORK STOCK EXCHANGE.
Excbnnar Place, N. Y.
TRAI«!<AI-T A OKNKK
I.vn.fKlNI) Tlllt PI
BUV
Chew,
STOCK BROS BBS,
Ineladtna Member
ONDSfor Member
Traaaaat a Oanaral Bal
tba paiafcMi aad Mia of
aaak or oa Margin.
OIN.
Tiaa.
&
Simons
C.
W. MoLbllaw.
Rarasw Mi.Ain>.
Simon Borg
Re. 17
NASSAU
DEALERS
riNB BTBBBT.
AaananU
BKOB.BK.
New York
BOITIIKKN SBCOBITIBB
i
Bishop,
NBW VORB.
(Maaaban Naw Tort Hf^ak Baebaaao.)
Ra. SC
Manning,
B.
boaabtand aold
BaaalTa dapoatti aad nnnaaaainla of Bnllioo.
Deal la laraafaat BaaaitalM aad >'urai«n Biahaaoa aad lartM eor iM b ondau M.
Braaeb OBre, 441
BABKEBS ABD BROKSB8,
Hamilton
John
A aPKVlALTT.
Janney,
BARKERS,
St R
a St.,
Vark.
W. H. Goadby &
Itmwr
BROKER
A2CD
AUJva
Bar aad mB at B. T. aUMB Biabanm. for IB*
BBTMBirFar on MAMOlNTall daaaw of SCceka
afd i oada. fat allowr tafaat on dapual ta. aabjaet to
Ra. S4
A. Dutenhofer,
Desler is MigcellaBeooa ScesritlM,
MILLS BUILDING (Sd PloorJ
DabantorM
Rooma K A M.
S4 WALL STREET.
BTATB AND CITY BONDS OP OKOROI A, ALSO
Co., SBCURIT1B8
or TUB CBNTKAL HH. A BANKIMO CO. OP OBOROIA A 6PKCIALTY.
Ailing,
Raw
STREET, CHICAGO. ILL.
BANKERS AND BROKERS.
Ilia BalMlBs, >S Wall St., New York
A. B. KiDDiB.
"
'ABB P.
&
MS CLARK
&
Gorham, Turner
Maw Tork. Bar aa4
~
KutBAU.
BEW YORB,
B-rnabt and Soldoa Co«mlMloa
FaitlcalarattaBtlirn itiran to liiH»—lliai maul
laa lariat la am aacsntiaa.
Bar and mU t»
at rai far laraa
i
arila, all MoartUM daatt la at l*a B. TTitaai
.
Co.,
Y. Btook Kxchaose.
STREET,
New York.
Ra. 18 Wall Sireot,
Co.,
Co.,
Tm**' Maa^onkla Naw York Sloak
Maab«rPUU<W*IUa Maak ~
WALL
11
H. Dewing & Son,
BAXKER*« XSn BROKERS,
BABKEBS ABD BROKXB8,
IT
&
AXD
Near York.
Kimball
teli
LtLWAOOOHBa.
U. KMkBaoH.
Frank C. Hollins
lUaiaaaral Banktac bBita4aa,ln«lBdlaatba
and aala of noeka aad bonda foraaah or oa
ABD BROKERS,
94 BBOADWAT •4SRBW 8TBBBT,
J.
B.
BANKERS AND BROKERS,
BA.VKSB8
R.
Intareat allowed on daily balancM.
All depoalu subject to cheok at alcht.
Particular attention to ordera by mall or
Inraator* wlablna to
&
Lapsley
elianira.
MEW TORK.
ST.,
Maw
Buy and sell on Commtaalon. for oaah or on marKln
aU aaonritlM dealt In at the Bev York Btook Is.
BARBER AND BBOBBR,
1«
office.
IB
first-class INTESTIHENTS.
F.C. UOLLI.VB.
iloBMA** Bamaa.
.H-UUBBTU. UM.Iaw AM.
Howard
DBALBR8
L-BUIUBB.
(U raan' Mambanhlp
nuln
wlili
York.
RO.
BKW TORK.
PIBB 8TRKET.
IKET. BK
St
Connaotad br Prtrata Wire
OBO. H. UOLT.
rartlaalar atlaatlon alraa tolaforauUoa
If
and
SoenrlUai.
PriTata talacraph wlrMto ProTldaaea and Boaton
Chiystie
Walston H.Brown & Broi
BACKERS,
HO. SO
OOTBRNMENT. MONICIPAX
aall
raan. a. Baow>.
r
allowad oa
RAILROAD
OUIIMIIUIldMI
Wk.
IMTBRBST
reoelTod and
balanoaa.
WashburD,
>«
Carolin
Raw, Raw York.
6KNBRAL BABBINO bulnaat.
a
Sons,
Sistare's
16 dc 18 Broad Street, New York.
131 Sontk Third Street, PhlladelpUa.-
ITall St., Cor.
1 1
©ittj.
Geo. K.
Holt,
BANKERS,
Ho.
Q. D.
R*. 6 irall Street, New T«rk.
fteeks BDd Boad* Booihtud Sold on CniMlMllH
for onnb or oo main.
Tjlliil nuoouon
to UaMUd SoOTfttMi.
OMk at Wkt.
OavoMa rwMTod ntilMi' la
- --—
&
Taintor
8poeUI PartiMr.
BANKERS AKD BEOKEBjB,
m
IN
ST.,
&
Co.,
NEW YORK
ALL KINDS OF
Railroad and Investment Secnrltlest
BANKBR8,
ORITBD BANK BVILDIRO,
trail street, eornar Broadwar.
nOOta, BOITDt d OOMMMKOlAL PAPMR.
auaka and Boada bonabt and Kild on oomoUaalon
iBaw York stoat JBiaiaMa.,AdTaoaM Made oe
SoirrnBBN
George
BBCUBmBS a Spkcultt.
Eustis
&
B A N E B RS.
CINOIRNATl, OHIO.
Co.,
THE CHRONICLE.
[Vol.
XUn
©anafltaw nn& W,ovtiQn gauUs and %tinkzv3.
FOREIGN.
CANADIAN.
Bank of Montreal.
CAPITAL,
SCBPLCS,
0. F.
-
$12,000,000 Gold.
$6,000,000 Gold.
'
•
-
8MITHER9,
W.
President.
BUCHANAN,
.1.
General Manager.
^^TF lOltK OFFICE:
59 & «1 tlTALL STREET,
WALTBB WATSON,)( Agents.
._._,.
ALKxa Lang,
'Moi.
Co.,
LONDON, ENGLAND.
""equItaIP^
Mortgage Company.
CAPITAL
Solicit accounts and agencies of Banks. Railways
Corporntions, Arms and Individuals, upon
favorable terms also orders for the purchase
and sale of Bonds, Shares, &c., Ac., on Commission on the Stock Exchange.
Nearotlate Railway. State snd City loans.
;
New York and Boston
Cobrespondente,
BEAKE BROTHERS &
Exchange, Francs and Cable
Transfers grant Commercial and Travelers' Credits
arailable in any part of tlie World ; Issue drafts on,
and malie Collections in, Cblcago and tbroughont the
Dominion of Canada.
Buy and
&
Blake, Boissevain
Sell Sterling
CO.,
New York,
18 fVall Street,
G AX»
1^600,000.
PER CEMT
'7
GU.4BANTEED FARM MORTGAGES,
Principal and interest guaranteed
ufflces of the Company.
any oi the
New York,t20S
and payable
ftt
B'way, BoHton.23C'oarcSt.
Chas. N. Fowler. V. P.
fS, 4lh St.,
C. B. Wilkinson, Man 'ger.
Philn., 11*2
H.
li.
Fitch. Man'ger.
KauHiisCity, Mo.,
Avery. Cien. mKo.
J. C.
;
laondon
Office,
28 State Street, Boston,
No. 23 Abcbarcb Lane.
LONDON.
OF CANADA.
$5,799,200 Paid Up.
$1,500,000
President, ANDREW ALLAN, Esq.
Vice-President. ROBERT ANDERSON, Esq.
-
-
HEAD
Co.,
62 Gresham Honse, £. C,
Merchants' Bank
Capital,
Beserye,
&
Heinemann
ITIaaa,
•
OFFICE, mONTKEAL.
GEORGE HAGUE, General Manager.
J. H. PLUMMER, Assisitant General Manager.
BANKERS:
LONDON. BNG.— The Clydesdale Bank (Limited.)
NEW YORK—The Bank of New York, ~. B. A.
The New York Agency buys and sells Sterling ExAhanRe, Cable Transfers, issues credits .ivailable in
makes cctUectlons in Canada
all parts of the world
and elsewhere and issues drafts payable at any of
the oflBces of the bank In Canada. Every description of foreign banking business undertaken.
Bank
of England rate, and
rate subject to
demand drafts.
Negotiate Railway. State and City Loans.
B.
THE
No. Gl IVall Street.
HKNKY HAGUE.
JOHN
HARRIS,
i
!
JR.,
AirAnts
^Kents.
Exchange and Cable Trana-
ferfl. Issue demand drafts on Scotland and Ireland.
alio on Canada, British Columbia, San Francisco and
LONDO^, ENGLAND.
Capital Paid Up, £9TI,860 Sterling.
^Icaso.
CIHCri/AR NOTES issued in Pounds Sterling
CttilfMEKall parts of the world.
ClAL CKEDITS ISSUED for use in Europe.
available in
China, Japan. East and West Indies and the Brazils,
Blver Plato, &c.
Bills collected and other banking business transacted.
D. A. MCTAVISH, ) .„.„,,
H.
{Agents.
STIKBMAN.
This Company undertakes the business of Trustee
to
Loans of approved Railways, negotiates and
Issues Loans on the London Market, acta as
•>-.
CAPITAL (paid
SVRPLCS,
H. S.
HOWLAND,
HEAD
up),
-
-
D. B.
Pres't.
London
In
T Lombard Street.
Agents in New York
Bank op Montreal,
:
59 Wall Street.
Promptest attention paid to collections payable In
any part of Canada.
Approved Canadian business paper discounted at
tlie Head OHice on reasonable terms, and proceeds
remitted by draft on New York.
Gzowski
&
Buchan,
STOCK AND EXCHANGE BROKERS,
TOEONrO, CANADA.
COLLECTIO.NS MADE.
Kong &
'................
4500000
.
'soo.'ooo
7,B00,0<i0
1 grant Drafts, Issne Letters of
•ivelers, and negotiate or collect
^ay, Calcutta, Singapore, Saigon.
Foochow, Amoy, Nlngpo.
ohama, Hlogo, San Francisco
.
Xmu
47 William
FIRST
Ht.
market
MOKTGAGE LOANS UPON IMPROVBH)
FAKMS.
Interest and principal paid on day of maturity In New York. Funds promptly placed. Large
experience. No losses. Send for circular, references
sample
forma. F. M. PERKIN8, President; J. T.
and
WARNK, Vlce-Prest.; L. H. PERKINS, secretary
CHA8. W. GILLKTT. Treas.: N. F. HART. Auditor
Beal Estate Mortgages on City
and Farm Property, worth two
to four times amounts of mortgages, interest (» per cent to
9 percent, principal and inter-
NORTH-
WESTERN
GUARANTY
LOAN
est absolutely
American Loan & Trust Com-
MINNEAPOLIS
S'^OO.OOU.
pany, of Boston, Mass.
Send for circulars to
NEHER
{
&,
CARPENTER,
Bankers, Troy, N. Y.
Eastern Managers for Company
Authortz'd Capital!
4t£,000.U00.
guaranteed. Seby the
curities for guaranty held
CO.,
'
H. L. Grant,
No. 146 BROAD^VAT,
NKW YORK.
CITY RAILROAD STOCKS
BOUGHT
NEW YORK Agents, J. A W. Sellgman & Co.
BOSTON
Correspond'ts, Massachuiette N. Bk,
Aathorlzed Capital,
Paid-up Capital, Reserve Fund, - •
-
'
-
'
$6,000,000
1,600,000
- 400,000
Transact a general banking business. Issue Commercial credits and Bills of Exchange, available In all
parts of the world. (>)llection8 and orders for Bonds,
Stocks, eto„ executed upon the must favorable terms.
BONDS
Walsh & Floyd,
STOCK BROKERS,
No. 26 BROAD STREET, NEW YORK.
NlOOIi FLOTD, JB
JAMK8 W. WAUH, Jr.,
Member N. T. Stoak Bzchaiura.
E.
IGNATZ STe'iNHIaRT,!"*"^*"LILlKNTLAL, Cashier.
Bank of
Se
AJID BOI^D.
See OnotatlODB of CItT Railroads Id thig papar.
S.
513
Bailey,
PINE STREET.
DI^ALIKOS rS
IIVSIJRAIVCE STOCKS
Australasia,
-------Xl,<KO,Oi>0
JtTHO.OOO
I.*tters of Credit and Drafts issued on any of the
numerous branches of the Bank throuKhout Australia and New Zealand.
A SPECIALTT.
Caub paid at once (or the above securities i or they
will be sold on commissioD at seller's option.
STOCKS
Deposits received in London at Interest for fixed
periods, or for transfer to the colonies on terms
which may be ascertained on application.
PHIhKAUX
SKIiBY. SecretAry.
R. T. Wilson
&
and
BONDS
At Auction.
Bills negotiated or sent for collection.
Tele»rraphic transfers made.
»7.500.0(Xi
luallKation of Dividends!!!
*y of Proprietors
Offers to iDTeators the beet securities In the
(LIMITED).
LONDON, Head Office, 3 An)?el Court.
SAN FitANOISCfO OtBoe, 422 California St.
Paid-up Capital
Keserve Fund,
\NKINO CORPORATION.
't
Bank
4 Threadiieedle St» I^oudoii. Isiif^Iand
Shanghai
••Ital
A.nglo-Californian
(Incorporated by Royal Charter. 1835.)
k'OREIGN.
-»ng
Cable Addres«-PAVT, London.
P. N.
Stocks and Bonds, Sterling Exchange, Drafts on
York, bought and sold at CURRENT PRICES.
New
Co.,
liAWRENCE, KANSAS,
or Registration of Stocks In London, or otherwise.
Cashier.
Bt. Catharines, Port Colborne. St. Thomas. Ingersoll,
Wellsnd, Fergus, Woodstock, Winnipeg, Man.,
Brandon. Man.. Essex Centre, Niagara
Falls and Gait, Ont.
Dealers in American Currency &, Sterling Exchange.
Agents
payments of Interest on Loans, Dividends on
OFFICE, TORONTO.
BBAKCBES:
lJoya*s, Barnett*s & Bosanqaet a Bank, limited,
Agent for
Railways and other Corporations, either In the mat-
$1,600,000
$500,000
WILKIB,
Farm Mortgage
Paid-Ui) (Capital,!
ter of
Imperial Bank of Canada
toe westeriv
in Sums of $100 and Upwards on Indiana and Ohio Lands.
NOTHING 8AFHR. ALWAY8 PROMPTLY PAID
8KND FOR PAMPHLET.
JOS. A. mooRB,
84 Eaat market St.. Indtanapollf^ Ind
BANK BUILDINGS
No. 4
WALL STREET.
sell Sterling
Y
Farm Mortgages
North America,
No. 62
Home
(LIMITBD).
Bank
Bny and
(*q., N. V. It also issues Demand
Certiticates ol Deposit at 5 per cent interest. Write
for pamphlet and relertnces
Office, Einmeteburir, Iowa.
E. S. OriiiHby, I'reH., 150 >aetiaa l^t., N.
Railway Share Trust Co.
AGENOY OP THE
British
8
Dakota, otler flrst JlurtgaKC Farm I.,oun8 in Iowa,
Minn.. Daltotji, and Neb., both I'riuripnl and InterCHl <iiu 11 rail teed. Also fl per cent Debenture Honda
obliKaiions of the Companyi, running lo years, secured by MortKafcte loans deposited with the iller-
one-percent below that
;
K»w "Sork Agency,
7%
The American Invetitiiienr Companyf of Bmmei8t)urv, lowu, iiicorporateo with a paid-up capital
of *.'i«0»0»0, with branches at Huron and .Mitchell,
CBUiileTriiMl
Solicit accounts and agencies of Banks, Railways
Corporations, Firms and Individuals upon
favorable terms; also orders for the purchase and sale of Bonds, Shares, &c., &c. on
the Stock Exchange.
Interest allowed on Deposits, subject to 60-dayB
Bight drafts, at
6%
The Undersigned hold
BALES
REGULAR AUCTION
of all classes of
STOCKS AND BONDS,
OH
Co.,
BANKERS AND OOMMI8SI0N MEKCHANTS,
i Exc&auee Conrt, New York.
WBDNB8DAYS AND BATDRDATS.
ADRIAN
No. 12
II.
MVLLER &
SON,
PINE STREET, NEW YORK.
BQUITABLI BtJIU>INO.)
Skftkmbeb
THE (JHRONICLR
11, 1880.]
'gSLVLkB
and
IBanlictrs ®tit of
EW
BANKS.
LOOOWICK J. HUJ, K.S.McCAXDI.ISa.
A. w.Hnx
THM
Cobb
Brewster,
mm* Sarplaa,
&
mif
wBaatM
m
•ao. arraoia. Prw'u
r.
OayMaJ, «tOO,000. Sarylaa, •<0,000.
rtm Bank holda In addlttoa tl JKM^NO D. & 4 par
for
aaai Boada at far. ptadaad bj lu i»ii(*li n M««a
tanda ara
Ika pnuetloo of Tu eaatoaan.
aladaad aa abnva InaUad of b«la« kald br ua Baak
aaapanof lu laaal aarvlH. to amid vkat va thlak
Md
Swan
C.
CAPITA!.,
....•
•
load Boada, BaakMooka, Aa.
Daat iakia larartaiantt
nant Soearttlaa Blatant
DtJr OD band
PHILADELPHIA BANKEBS.
Fkjr
&
f
WU.ST.
oiharwiM to ba retnnuble to depoaltora.
Naw vou, ab«. ao, wm.
FRA.NK
Gerlach,
BBOKHBS,
affOCX
THIRD
81 RKB l
'
',
PHILADELPHIA.
ifc
.A.UIBikDD,
BALTIMORE
Tiaa-Piaal.
BA.\KEK$i.
(Mi^liiiia of
STATB BANK. >aT.
laaorpontad imt.
Walkar.
Caaklar.
(
OapltaM»al4la)
M0«,0*0
Braaraa. PraaX
A. K.
WILmnCTON,
—da na
parta of
all
Co.,
Bank,
c.
If.
Ua DaWad — rrr
BaiUmore Stook Kichanga).
ainravrMKiT and BOUTHBBM UKDRITIBB a
paiaailj
No. T
SOITII NTRBET,
BALTLHORE,
T&AJfBACr A OBNBRAI. DOMBTIO
ruKBION BANKIXQ BDBUIBM.
Wm.
&
Fisher
BANKKBS,
THOMAS BRA.VCH *
CO.,
BICMJIOIIB, viaaixiA.
_pTaalan and
laiaraiatlna oa faadl^ tka
TtiBiala aad Moftk CtoaUaa ftaa of
WEW
iBujAMiii A.JacBSOH.
AND
Sons,
Wilbour, Jackson
WESTERN BANKERS.
BA.NKieHS
Lamprecht
Wha to Waa Tor* aad Boatoa.
G
Studley,
COMaiSMluN STOCK BBOKER,
K*. * Bzckansa Placa, Booa
BOSTON. BASS.
Ho. «,
MBMBBB or Boaro* noos uohamsb.
&
Co.,
81TPEKI9R STREET,
CLEVELAND, OHIO.
No. 13T
AND BROKKIU,
WBTaOMKl BTREBT,
PBOTIOEMCE, B. L
Bros.
BANKERS,
& Co.,
W«. It
Samuel
alraa la thair olBeaa. b>
aan» of vhlak Immadlata aommuDlcmilon oaa ba
bad with aU aoaiaaralal polata la the ouDnlrj. EaJ attaatlon alren to pnrebaaa aad aala of Vlr-
DafanMd aad all laaaaa
daMa af Siia Ooaaola, Tao-fortlaa.
tba fltaU. aad to ail olaaaaa of Boatham State.
Rnr aad Kallwar Saonnuae. Oonaapoadanoe ao-
ca4a1.nH.9wBU101r.jB
Wtixiaa BuraBTTJiL
TranaaK a nMrnl banklna bnalneaa. and DBAL
TOWN, COU."«TV AND CITY BONDS. LlaU
aad pnaea fnrniahad on appUeatlon. Wrluaalfron
atab to bar or Mil. Refer, bi pariiilaalnn. to 8a<aet7
tar laTtn,ia. Sarinaa * Traat Go. aad HaUonal Baaka
ofdaraUai*. Ohio.
W
BBTABLISBBD
1971.
P. F. Keleher
&
1
I?JTERE8T.
and Dec
Prin.
1.
lu 190.1.
GOLD
bTEiU
I.IKG >IONEV in i andon.
Pariicnlnra mailed lo anr addreaa apoa
rraaeai,
A.
S.
HATCH
Sc
CO.,
BANKERS,
No. i Naaaaa Street, Neiv Tork.
'*To
BALTiaiORB, HD,,
Bara Waal am Ualoa
ESfOLAHD BAlfKEB*.
Prlrata TaH »T»>
due
Investors."
nnderalicned offrra for aala tfiO.OOO of tha lat
and only niort«a«e 6 |:er rent bonda of the Hyda
Park Oaa Coaipanj, Vaborb i f Cb<ca(o. They ara
daa IM4. Conpona payable In Chicago, or at tba
Hnarlaaa Kscbaniie National Bask, New Tork. on
•rat Beptaabar and March. Tba abore aaaoantla
the balaoea nnauld of a total laane i,t fSOO,0(H>,
a Brit Ilea on prupertj raJoed at 1900,000. Nat i
Inaa more than auffldrnt to pay Bjted cliarRee four
tlmeaorer. 1 recommend tbeae bonda aaA No.1.
tboaa already aold beln( to eonaerratlre Inreatof*
who look well to accnrlty and ability to pay Intanit
Kor fartbar partlcnlara apply to
I
DITE.%HOFER,
A.
Miiia HnildlnK.
aMToMlikS
ioaara WiLaora.
CO.
Tha
. OoBaat l oaa aada <ia an Soatkara potaU oa baat
Aad DatUera In CMTvnnnata, stoeka
Misat Bvuaiui rMaraa.
and iMTaatiaft BiiCiHtlaa,
JOHM P. BKAJtCH. PraMaat.
JoKsP.Ouaa.raak. Pus. . Boon, r lea Pwn Ovraarra 8aoon> Br ,
SS SOtTTH 8TKKBT,
BARKKRfl A.1D COMMIMIOX MBBCUAJfTS,
Jane
Priaripal and inlrrrai payable In
COIN in Ike Clly of New York, aria
MoKf Brotkara k Co.
Robert Garrett & Sons,
BANKERS,
BICHJIOMS, TIBSINIA.
ctpal
aolMtad aad lafonBatloo far-
Oorraapotidanta—
MKBCH1NT8' NATIONAL BANI,
PAR AND ACCB,CED
PRICB,
I
Ciiiiaaiiuailaiini
Wauum. Caaklar.
First National
0»« aal l»a i
&
BALTIMOBB.
LITTLR ROrK, AHKANSAB.
K
MTG
$>rcarrd br a C'ollaieral Traat nrith tha
Aaierlran Loan A: Tram Co., conHialloB mt
dlTldead-parlna aiocka of Eleciric Lisht
Coataaalea ia •ncrraaral and proHiabla
a»erailan,tbe par Taiur of which U :i:tH per
cpai la vxeeMi af Ike Boada laaard aBainat
latprrai parablp
BANKERS AND BROKERS,
i
German National Bank,
BL
AMERICAN ELECTRIC
Iheai.
.P. HIU.
Commercial National Bank,
HOi;sTO.\, TBXAA^
Wilson, Colston
i
BONDS
(GOLD)
or TBI
M. shoemaker & Co.
Jos.
rrasT-CLAM rAciuTiBn.
J. ~
•.natakar,}
HOI.UNS,
6%
DEBENTURE
«>— IBBB,
a* TorftaadCnnanuadigU
-Tka Xatloaal Park
Ward Matloaal Baak.
daiia
apaelal
C.
IIK.VhY W, f<.MlTH.
WIl.I.IAM A.IIKAU,
CI,ARK.NIK CAKV,
PurehaaloB Coaunlttda.
Traaaf an, BUla of
CradiU
Caaklar.
of Durham,
oar
laaMtad^it
»— HIT aaiaaatra
Special
eetred by tka Ontral Truat Companj up to SepC
idMO, to be held for farthrr dap<«lt nndar taa
asreeawnt of Feb. 1, ir«S, to the ereot of adoption
or the pn>pci,ed modlUcatloo uf aach acreamant.
of which D'tlce baa beretofore been gireo, bat
ItaBbaaof tka PhiUdalpkia aad Rav Tork Btoak
QaMa
OOBHAJS, N. C,
BAMKBRd AND
SpMlAl AtteatioB to CollectloMS. H«. 134 SOL'TH
••^•sad.a,
at.
AND
W., Sandiukr DiT„ FIRSTS.
dapoilla of the abore Bonda will he r»
A
CHESTNUT HTKEET,
No. 437
JOaiM.
The Bank
L. E.
PHILADELPHIA.
'
P. A.
o' CountiM, Cities, 4c.. of high grade a
»i»c1aitjr. iSeudrarUf-wripirve Liata.
BANKERS AND BROKERS,
Thia baak kaa laaartor faaUHM* torrauklM«pUaatka Virtltt
"UtT.
IMa »atau
taad «aiu »a. Ukaral lataa aauadadtaaf
aMataof kaaaafa aad aMiakaaitak
rOmwaaMNniaxTa.— Naa Tark. XaMoaal tbe* A
W. T. BLacs vku. PnaX
Co.,
CHICAGO.
SO,
K. T.
U
St.,
LAKE EBIE& WESTERN FIRSTS
OoTataaaBt, Mata.OaaBtr, CHr and Ball
VSCH
9300,000
'
Monroa
gltmuctal.
186 .middle MTMt,
Narr
Buffalo,
BTTTPALO.
llft-11*
PORTLAND, KAINB.
(teaawau. Caahlar.
Bank of
&
N. W. Harris
& Barrett,
BANKERS AND BHOKBBB,
BmiiAJ' s. Jmrt, rtm. Jo«ab iBW«n.T.Pna
Wiuxaji
SPtCIAI.TIVS:
CODNTT ANM> CITy BONDS,
LAKE 8UPKRIOU IKO.N MI.NINU STOCKS.
AND 8TRKET RAII.KOAU SKCURlTflia
AUO,
°""'"'J
Daalera In nanlelpal, State, Railroad RHNn^
and Cnltrd Statea Bouda.
North-Westeni Nat'l Bank,
CHICAGO, ILLUrOI8.
Co.,
CI.BVBI.AND, OHIO.
_
TOWN.
MEMBERB OP THE NEW YORK AND
BOSTON STOCK EZCHANOEa
ahc Cuh
W. Oookix.
&
nrVESTMENT BANKERS,
Estabrook,
BOSTON.
9300^009 OO
•
o( Baoki, Mcrchmnu. Corporatloa* sad
ttlly •oiiaud.
a^lTMMli iw
^
CpttaMloaa pnMBpilj iiuid« aad r«ailtt«d for.
Um InTaatmaat of Idla >a4
^nai
fB«tiii^ada oTBwk* or iBdlTldiuU.
la oar mUt* and (rovuv «Hf Bonaj U alvan In
iaaaad. Our rmt«> raaaooaMat Otra o« > trial.
AmoobU
35
IfO.
<A< Vniltd BUtltt.
-
WESTERN BANKERS.
Chas. H. Potter
BANKERS.
CONGRESS STREET,
ATLANTA, OBOKGIA.
i»W<fl««l D^o»itmy •/
^orfe.
ENGLAND BANKERS.
Gate City National Bank
Drnfttml
Ucw
Co.,
m» OMVB BTRBBT. BT. LOOIB.
Waatora Bocaiitlaa.
Doalara
!
Oafaaited Boada of tUaaoafl, Kaaaaa aad lUlnola a
It. Ihainm.
_
ir- Ooodlj
paflni fraa
_,
foar to aicht par aaat, for aala..
PRORI4 * WESTER?
TOLEDO
HAlLRUAn COMfANT.
The
Uoodhuldcri daalrlna to arall
nm Mortsaffe
Ue Plfat Mortaaae Boodholdei?
tbemaelTea of
who bare not aliaady alned and oooapUad with tba tarma of tba aaaa, ara hereby nouiled
aaiaaniwit,
that. If tbey daeira to arall
aoeb
agreement, they
-"
meat
of the
benoBU
beoome
partlee
3
to
'Una tbeir bonda with the Paimar^
Loan ATrnat
pany. alimlns tte aareemeotaod
otberwiae eomplyinff wltb Ita tarma, on or bafora tko
atb day of Ootobar next.
The aala under tba fotaoloanre decree la ordered
for the Wth uf Ocu>ber, U«S.
IIIARLK8 KORAN.
Chairman
Firat
Mortaace Bondholdara' Commlttaa
Investment Securities
BOUGHT AND SOLD.
WANTEDl
iMoti> Talley Bnnda, all laaaaa.
Southern Central lau.
Toledo Ann Arbiirk North Mlcbl«aa
Indlanaiiolia i Vincennea lata.
Mampbia k
Little
Rusk
ALBERT
lata,
lata.
B. HACHFIELD,
No. t>a Pine Htreot
THE CHRONICLE.
Tl
& Northern
Lonis Kansas Citr
St.
New
Railway Co.
OMAHi
thatthe time for depositing bonds with the United
States Trust Company of New York, under this
agreement, Is limited t<i September 15. ISSa. Bonds
deposited after that date will be received subject to
•«uch terms ns the Committee may impose.
Dated August 5. 1886.
JOHN H. BEACrr, Chalrman.l
JAMES B. PULSFOED,
JAMES H. SMITH,
CHARLES S. SMITH,
JAMES v. DWIGHT,
GEORGE WARREN SMITH,
Committee.
The engraved Certl flcates of the United
Trust Company of New York for bonds deposited
under the agreement have been listed on the Stock
Kzchange, and can now. upon application to the
Trust Company, be substituted for the temporary
receipts already issued, or exchanged
deposited on or before September 15.
Dated Sept. 8, 1886.
H.
BEACH.
for bonds
Chairman.
TO THE HOLDERS OF
INCOME A]«D LAND GRANT
mORTGAOE BONDS
OP THE
Texas
& Pacific
Texas & Pacific Railway Co.
The undersigned committee having received the
the Divisional Mortgage Bonds
upon which it 1:^ proposed to foreclose, the reorganttation of the I'exas & Pacific Railway Company
under the committee's plan will now be promptly
proceeded with.
The attention of stockholders Is called to the following fact.^t showing the superior position they will
occupy in the reorganized company, as compared
with their i)o:^itlon in the present company. The
latter is bankrupt and the physical condition of its
road wretched.
Under the reorganization it is proposed to bring up
the road to a high standard by the expenditure of
$5,000,000. to be contributed b.itn by the ijond and
shareholders. The authorized fixed chai-ges of the
present company are *2.360.88o, with *5»0.000 contingent charges, making a total of l;2.920.fwo ahead
of the stock. The new coinnany will have authorized fixed charges of *1,28'<.840. with contingent
charges of *l.25o.li00. making a total of »2.537.8to
ahead of the stock, and with only »1.2S7.840 actual
fixed charges, the company will rest upon a secure
larger part of
all
and permanent basis.
Notice is liereby given that the time tintil
wliicli stock may be deposited with the Faimei'9' Loan & Trust Company is limited to Sep
tember 30. after wliioh date stook will only lie
received, if at ali, upon payment of a penalty of
two dollars per share.
The contribution provided for imder the plan
will not be required at tUe time of deposit, but
tlie same will become payable in iustalments of
not more than $2 50 per share, and ui>ou notice
of not less than ninety days.
Railway Co.
I J.
WrSTAR,
}
Your Committee announce that they now control
amalority of your bonds, and they hereby give
JOHN MARKOE,
KOBERT FLEMING,
notice that on account of their inability to deliver
Trust Certlflcates, printed from steel engraved
plates, they have eitended the time for
receiving
bonds at the Central Trust Company until the 15th
C.
Inst.,
when such
certlflcates will
SIMEON
Sept. 1, 1886.
M. MCGHEE,
JACOB H. SCHIFF,
WM. D. WINSOR,
JOHN N.HUTCHINSON.
be ready.
SATTERLEE,
O. E.
DRAKE,
1
CHRISTOPHER MEfHR,
W. C. HALL,
\
CHARLES J. CANDA,
WILLIAM STRAUSS,
J.
Committee.
Committee.
J
&
the Texas
Pacific
Pacific Railway Co. East of
Mississippi Rirer.
the
At a meeting of the holders of Mortgage Bonds of
the Wabash St. Louis & Pacific Railway
Company
(on linos east of the Mississippi River) the
following
resolution was adopted
""^ .^P""* "* t''^ committee (of
hn^h',',T.??;.TS'"'
h2?» „11®„", ,''5 "•-'^ePted- and that the bondholders
;?.=„, '?^'S'''.'"',i""'"«*"y recommend the prompt
mortgages on the
Sfp« p^»,^fH'i'''''r?"f, "11 of the
"•'e'- to theproposl} oS>,^f .V'''J''"-'u^'"'*'''«lpP'
PurchusinB Committee, if moditled in
illJ.^.rrtL^^''
"'",'' "." "i^'oe "f ">« Bondholders'
fv>mm»?SS
Committee as given in the said report.
Accepting the modiflcatlous of the Bondholders.
Committee, and anticipating the practical measures
necessary to a full compliance therewith,
the Purchasing Committee now invite holders
of Mortgage
Bonds on the main lines east of the Mississippi
River to assent to the projjosltlons heretofore
submitted as amended by the rooommendations
of the
Bondholders' Committee.
To ensure an early compliance with the propositions as modifled by the report of the
Bondholders'
Committee, a prompt decision on the part
of the
bondholders is Indispensable.
Books for the signatures of the bondholders are
open at the office of the Purchasing Committee, No.
196 Broadway, where printed forms may
also be
obtained for the convenience of residents out
<>f the
Notice is hereby given that the time within
wliicb your bonds will be received by the Farmers' Loan & Trust Co. is limited to SEPTEMBER
30, after which date the terms accorded to
T.
„
New -,
Yohk,
To the
St.
F. JOT,
U. HUBBaRT),
EDGAK
O. D,
Aug,
l
WELtES,
ASHLEY,
!Purcha.i|nK
T.
|
Commlttel.
ISAAC
J.
WISTAB,
ROBT. FLEMING,
McGHEE,
JACOB H. SCHIFF,
WM. D. WLN80R,
JOHN N. HUTCHINSON,
C.
M.
C. E.
SATTERLEE,
New York, Sept.
1,
Committee.
Stocliholders of the Wabash
& Pacific Railway Co:
Notice Is hereby given that after September 15,
no certlflcates of stock of the Wabash St. Louis
1886,
* Pacific Railway Company
be received In exchange for certlflcates of the Purchasing Committee, entitling the holder to shares of stock In the
reorganlied company. The time above mentioned
is absolutely the latest date on which such exchange
can be made. Stock received will be subject to the
ayment of the Instalments and interest thereon
from April 10, ISSfl. and »! per share penalty.
O. D.
ASHLEY,
Secretary.
Kxir TOBK, August
14, 1886.
(Branch Office,
Streets.
broadwat.)
of the
of
Company,
&c.,
&c
Securities bought and gold on commlsalon, .for
cash or on margin. All Inquiries gratultouilr responded to. Correspondence solicited.
Mexican National Railway.
Bondholders are Invited to deposit their bonds
the CENTRAL TRUST COMPANY of New
York, under a plan f reorganization prepared by
the iBondholders' C mmittee. Copies of this plan
and agreement may be obtained from the Central
Trust Company, or a the office of the Committee,
No. 88 Nassau Street New York.
w th
SBLAH CHAMBERLAIN,
SPENCER TRASK,
HENRY AMY,
JOHN DERUYTBR.
J CANDA,
GBORGB BURNHAM, CHARLES
SAMUEL B. PARSON&. WM. E. D. STOKES.
AUGUST RUTTEN,
Committee.
&
Reed
Flagg,
Duncan Building, Cor. Nassau
BNTRANCE
No. 11
& Pine Sts.
PINE STREET,
BROKERS AND DEAI.BR
IN
BO
IV I>
S.
Massasoit House,
Convenient for the tourist or business
Union Depot.
W. H. CHAPIN.
Avenue
HOTEL,
Madison Square,
CONSOLIDATED MORTGAGE,
FIFTY YEAR,
SIX PER €E!\T GOL,D BOin>S.
andUeligbttulLo^,tion.^^^j^
Moore
114
BANKERS,
65 Broadnray, fle-w York.
OFFER FOR SALE
A FEW SHARES OF
Express
Co. Stock.
LOCKIVOOD & €ROSiri4N,
^o. 8 Excbange Court.
&
CO.
Q. B. Bcbijt.
Schley,
BANKERS AND BROKERS,)
OoTerIng Tunnel and Terminals or
Erie Rallivay at Jersey City.
CAROLIN & COX,
DARLING *
JOHN G. MooKB. W. K. Kitchen.
ae
SMALL BLOCK FOB SALE
NEW YORK,
The Largest Best Appointed and Most LiberallT
Managed Llotei In the City, with the Most Central
Principal Patabi-e 1935.
iNrEBEST, April and October.
Fargo
290
New York Stock Exchange. DiMerchants' Exchange National Bank,
American Savings Bank, American Safe Deposit
Member
rector
18S6.
Long Dock Company's
Wells,
BANKER AND BROKER,
& 5 Broad or 29 Wall
Fifth
will
For the Purchasing Committee.
Nos. 3
J
THE
TVE
Trowbridge,
F. E.
Secretary.
BY
Lonis
—
SPRINGFIEIiD, MASS.
HOUSE IN WE8TBEN
THE BEST APPOINTED
NEW ENGLAND.
man. Near
)
JOHN MARKOE,
A
I
I4, 1886.
j
Personal attention given at the BXCUANasS to
the purchase and sale of STOCKS and BONDS for
cash or on margin.
DEPOSITS RECEIVED—subject to Check at sight
with interest upon balances.
Special attention paid to INVESTMENTS and
accounts of COUNTRY BANKERS.
withdrawn,
except in respect to the Bonds that have been
deposited on or before that date with the
Farmers' Loan & Trust (Company.
city,
JAMES
14 NASSAU STREET, NEW ¥ORK.
nj> Atiro OFFICES
nvrti-vai 13* CUnrch Street, N. Y.,
BRANCH
SOS Chapel *l., N ew Haven
Income and Land Grant bondholders under the
CJomniittee's plan will be absolutely
P. BateK.
Arthur M. Batch.
Hatch.
Secretary.
Railway Company.
To the Holders of the Mortgage
Bonds of the Wabash St. Louis &
T.
T. Hatch & Sons,
BANKERS.
W.
To the Income and Land Grant Bondholders of
Benry
HaUh.
Walla- T.
Nath'l W.
OF THE
miijiirlty
JOHN
YORK,
TO THE STOCKHOLDERS
DIVISION.
of the bond» of the
Omabn DlTlslon of the 8t. Louis Knusas City St
Northern Railwar Company haying awentecl to the
agreement of June 9. 1888, notice Is hereby given
Tbo holdem of the
^itiaticial.
I^itiattctal.
^itiaucial.
XLHI.
[Vol.
BROAD STREET, NEW YORK.
Connected with
BRANCH Officks;
72 Wall St., N. Y. I. A.BVANSJtOi., Boston.
So 8d8t.,Phila. B.L. Bkewster&Co., Chicago.
1419 F St., Waah'a. U(TBBAHi).i Fak.meh. Uartld.
Private Wire Connections.
Buy and sell Stocks, Bonds and Miscellaneous Securities
on
New
I'ork
Exchanges, also Grain and
Provisions on Chicago Board of Trade
Spencer Trask & Co.,
BANKERS d; BROKERS
i6
and i8 Broad Street, N. Y,
Albany, N.Y.
Providence, R. I
Saratoga.
Transact a General Banking Business,
Direct Private Wires to each office
and to
PHILADELPHIA,
BOSTON,
W0RCE8TEB.
AND
xmm
W
HUNT'S MEBCHANT8* MAGAZINE/
,^
J!
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATES
VOL.
SATUKDAY, SEPTEMBER
43.
J^}it
NO.
188a
11,
months the excess reaches
of 80*8 per cent, while for the eight
26*3 per cent.
Chr0tticIe.
GoMmBCiAL aitd Fikaxcial Cbboxiclk i$ pubiished in
Nm» York «9»ry Saiurdag morning.
[ BaMNd M tke Pom oaoa. He w York. H. Y. M Moond eUu mAl] matter.
Tarn
,
AUftut.
New York
CLEAR/NO HOUSE RETURNS.
Bt«ht
a.4S4,177.aW 1,041 M7.444
+so^
Boetoo.
«la^KVoso
«.ao»J44 a4S.814.aSl rhlO-8
For the we^k under reriew the opentioaa in railroad aharee ProrMeooe...
l4J86,aOOl4-l»S
s.is4.aga
B,«80.4IS. -f«-4
the New Yurk Stock Exchange were amaUer than daring Baitfoni
4.4t834ft
New HaToo..
4,S7».IHB -HIV
any similiir period ainoe we began oompUing the exchanges. PortlaaS.
SJ»7I.11S
s.t;s.as4l -fS-i
8,1M,7M
i.7»4.BS)«;-f-ira
c+ir*
In fact, the dealings reached a total of onlr 6t7,005 iharas, Woreeiter..
K^7.SU 4-is«
embracing a market Talue o( $87,Si7,000. Under thee« circum«.17».1«»
1,440,MM
Itannce a further decline in bank clearings at this city is not
Toe H. 1^. sa,teT.ii7 *ai.lT7.3Sl +14-8
mprfaing. In the aggregate for the whole country, however,
lMJ8l.6a8 iTt,ai>UHa
then ia an exotiH over the week etided Aogiut 2>i of fi, 132.634, PhtlailalphJa..
PllUbors
sijaa>,aos
t>,
_.
tho gain outside of New York being $M,\U,HS, to which all BalUmora
48UNS«ao
41.7«ajS4 +Urt
but eix of the citiee contribatM. In comparison with the
TQUlMMla^, ai)».4W.t84 atSMSMi-faM
t
flgurea for the same week of last 7<^ar, the present returns
exhibit an inc re ase of 9*7 par cent, while oontnsted with lt!8
the gain reaohea about lOfi par cent.
HMjnajmf
HswTork..
+i-8
ISM.
l>ia,StH.I70
PtrCtnt
+18:i
aumtf(OMlOTt.... *•!«.)
(-SOO)
(»is.sae)
t-M-w
(4aa.iao,
(.t-i»^3>
{M.Ui.«ai))'
BsftfofS . . • .
+••
«,ia7,aM
-to*
I
HswIUTsa..
+7-7
i.nijse
i.tmjtm
TTUOO
SO(.l.
+»«
-••
WMSLTU
+l»-4
4Mjn
ToUIN
rn>.497ji
aa4,oio
t»».»8S.IB»|
Phiiiisisaii,
Total MMSlo..
imjMjm
nMtjnt
UmMM
f*S
ie4.I71.BU
+tl-T
I«7ja4.1l7
M»4IY 4«t
+1M
Tot.Weet...
SIS,a08,8BB
Louto......
&'
JoM»h....
_
7D,44ll,4lt
a,tl8(U«>l
-l-l
•.Tmjan
USI.IS4
•.t«i.iM
+ar»
I,4S1,«IB
+4-7
44-7
+5e-«
umMa
-t44-4
Cottoa.talei
-0-S
+73-1
+9S-0
GralD...lN
as-T
tU.ll7.»74
aaijsi
+••-1
-1-1
+•••1
I/IT7.SB8
4J7911M
*IB,4e4
43)0.ST7
t-18^
WMTS
8,880^0,888 8,008^8,488 +80^ 80,7ia.O««,4ei|8«33038a.8B6
-nw
1.178344367
+17^
tbonSi
im3SI.I0»
864384.888 -^81^8
8.880380.1881 ».a8«.884.B87
Si«U month;
1888.
AttwU
88.1*4.100
1331.786.748
(10387380:
•11380.711
(1361.818
84384316
1864308,000
19,488300
1187,ia03tt
81:88)344718
11.188,808'
Total
Patm'm3Me
~
Total Talne
~nrosMao
188,700,887
888110308080
8Vm Day MndtiH
+81-«
+4-S
1888.
New York
+SM
113.1 i:i.aes
+«8r»
tmtMum trwmMa
4»7
|T»l.«l)B.gOB
Tio-o
rlH-l
For the month of Angost the returns record a decrease from
thoae for July of |133,9a7,4SS, and, despite the fact that there
BM been gr><«t dulneaa in specuUtive circles at New York,
oaljr about $i3.000.000 of thia falling off is at that city.
This
woold seem to indioata Tory dearly that there has been a
Balm of
Boetoo.
Pbiladeiphia
BalUiDore
„.,.
1886,
t4ae,4«634a
8408.448,886
i717,8B0)
(1,338.888)
40.7S4.18O
40.07^.803
40.086.084
0.<we.«ui
chie^n
48318.000
SCLgale.....
New Orleaoa
16377300
Total.....
Balaaeo. Ooaatry*
Stpt. 10.
8,806.84*
8S.!»70,731
7.M6,048
88330,000
18,104.880
8,761,000
8600.443.038
68.108,401
1648360318
lii<lT346,480
(088.881.814
48,481.603
Ptr Omt.
+8*
(—46-8)
+0*
+*3-l
+»1*8
+13'4
+88-7
-3-0
+88-1
»D'V$Ei%S'tSept.8:
1888.
+li
(448.71)8)
(-80-0)
61,770.880
41.100.868
10,880371
+7-0
+0-8
+81-6
+88-8
+86-8
8,708,740
-0-0
8,744307
SI3«,000
^i88.834.a75
+8-4
98.011,868
+88*
_+10-8^
1688,836348
*8M.iM Mil
Total
all. .._.
PfOmt
(410.340,930
ooaaldarable improraiiMat, at New York at least, in general Om«l8e New Tort laSBOTOlig? (lH8378.Hwi "*16'4~
*"" '" '
Oompariioa with the month of 1889 discloses a gain
* Kimated oa (be baeU o( tbe Imi weeur relnaaT
"
+8*
-pra
The retams of exchanges for the Ave dajrs ended this evening SB received by telegraph exhibit a gain in tiio aggregate
over the preceding period of nearly twenty-three milliona of
+11-5
dolUis. In comparison with the corresponding time in 1886
+7»8 there is an
increase of 10*8 per cent, and outside of New York
+ 11-7
+86-7 the excess reaches 16-4 per cent.
•u,n7,ne
t»46,080.71W
41,080303 +16-8
117,»48aW +17« 1,171366308 1388388341
8M,018318
+ro
148,141.884
14l.aei.M00
886.488,400
«7B,4a8
Twr
170.ura88
473M,IB8
+18-8
iaB,oei.aM
%uiMi,m
8,81fl,e«>
838,807.M3
+W0
o&ms.om'I
08l8883M't
I884IW7M77){
t,uMai
ijBMoe
iu.ini.4sa
-fM*
AoM monMf. 1886.
-HW
i;«78,»78
+6-0
88.181.8116
feiiu.
+11»
»I^MS.MI
488,1)86386
88388.148
888.881306
108360,700
8,77MaU
48,441,888 -fSVfi
mJoa.4M
I44.79e.a74
+ »7
888,408.718
61,407/87 fl«-8
79.148388
andl88Sw
•f40->«
fwmjm
8387368,808
ia.oo!US8 4-18-I
i8.«4«4«B
Dtt rtf Uom. PmrVati—i
unv.oii
80.148,786
Our oompilation oorering transactions on the various New
York exchanges now embraces the first eight months of 1886
Maa.400
MBS4I8
48.IVI6.8e8
88.488,741
n;Msn
88,
ajea.gea
i.tS«.4M
87lW7;Ail
88.al»388
7JMB3U +87^
t7«,4SS,044 +88* 83e4,a8i3i8
iB.8Be.ooo +81-8
188410,084
114,SXUI48
84.1*7,108
110,7*11388
aajtu,74Si
iBMugei
-t-iro
794.447
•.sio.tao
+1S4
86300,761
ijin\,uN -HB-8
II,I0M«7 +«-7
10J9«,1SO -f«8-S
8,077344
M*MU
U«a,«n
MI.ITO
+I»-4
+43-0
+«
8,088300300
87380340
MtoDe^oUi...
'
+S8*
13*8^08.817 1,478,781,084
aeMOBjBs
881347,180
888388,808
88633(l.a»
40.888.061
-r7-J
--9*
6-X
+i-a
i-a
14308,886
8,<e8,oie.a
»«.7883B0
a.m,om
T..
8t088je8,B81
9831V.S80
88,4UH.44S
8e,)t8l33S
84.044.801
84.8T8.486
41.IW,
in.7a7,aM
OaUlde N.
aK,a8K.i»i
87,388,734
11,888,880
181.8IU.ia0 4-18*
+18*
ll'B38S.l
s.(MO.aso
8.0»l.0e4
..
Total aU.,
-ra
88.3dl.OI7
U.BU.7MI
+r8
+IM
8H,BW.n«
88,18«.W4
1.488.178,»I0
1S,4SS.»I0
ft,W4.l»>
10,4H7.ia8
Tot.nBik.
148.080,100
887382.891)
lltl.aB«388
+r«
>,4e7JM
+tl-8
+a8«
1340344308
LoalerUla-.^.
ivrjRsoisia
16303,888388
8,880M8.87» 8,146319314
s(.!iii.»o fsa^
lS;ala,«Ull4-l7V
!-L») New Orleeni
m,iitjom
P.O.
l7BJ9S,0«o't94-8
19J8S/WS
Colamliae
Peoria
OoMlia
1883.
42.840,400
ir<A Bwlioi Aut-tB, QtoreUod
FwOmI
81.0*1.
monUu.
iMj8a,ro
IndlanaiMiUa.,,
lUpt, 4.
1888.
P. CI.
1886.
1
1,107.
THE CHRONICLE.
284
[VcL.
XLUI.
is due to the pressure upon Inwhich the disturbance in the India exchanges
The money market has developed unmistakably easier is producing; but as a cable from London to the Tribune
This is in part owing to the says, any "relief to India must have the effect of
conditions the past week.
very limited business in stocks and the less urgent demand restoring silver money in that country, " and that of
But besides that, the fact is last Satur- course can only be through a general relief measure.
on that account.
day's bank return was misleading, because being made up Hence we have the rise of this week in the price of silver
(as always) on averages, whereas the last fe* days of that bullion on the mere announcement of the formation of the
course England's interest
THE FINANCIAL SITUATION.
dia's finances,
week the clearing house institutions received large amounts commission, a forcible suggestion of the effect a European
through Government disbursements, making their condi. arrangement would cause. "We are not to be understood
This change as asserting that the investigation has been put into the
tion much better than the return indicated.
in surplus holdings has consequently been reflected in the hands of bi-metallists; that would rob it of half its influence.
and The appointees are however in almost every case men
who recognize the urgency of the question, while the
As further summoning of Mr. Barbour the Secretary of the Indian
rates getting easier as the week progressed.
evidence of the improved condition, it is also reported Finance Department to sit on the commission, proves that
that there is a better demand from the banks for commer- the inquiry is to be praotical and useful. At the same time,
they are selecting the best names offering, and if we may judge from what is known of the chairman,
cial paper
taking that which has the longest to run. There has been Mr. Balfour, we should say that it was organized for the
money market.
at 3 per cent,
Bankers' balances have loaned at
7
averaging only 5^ to 6 per cent, with the
;
an important failure in Boston and a bai defalcation at legitimate purpose of investigation rather than for the
Hartford, which have had the effect to induce capitalists expression of definite opinion, since Mr. Balfour's latest
to discriminate for the time being against corporation utterances would indicate that while lie recognizes the
paper and
be more careful in scrutinizing names. evil which is being done,.he is not committed to any theory.
The drain
of currency
largest
St.
to
the interior continues, being
to
Louis, but
is also
smaller cities drawing upon their
quite
general, even
New York
21^
No change
per cent.
was made
bills
this
We notice
a cable dispatch to the Associated
also that
Press rather favors this view, for
it
states that the
Treas-
ury minute appointing the " Commission on the currency
balances.
Discounts in London for 60 day to 3 months
reported at
the
are
week
in
Bank minimum. A special cable to us states that the
loss in bullion by the Bank, which is given at £265,000,
was made up by a receipt from South America of £25,000
the
" question limits the scope of the Commission to an inquiry
" into
the causes of
the depreciation of silver and the
" appreciation of gold."
reflect the entire
These words may not accurately
work authorized
to
be done, but
if
they
do, so far as silver is concerned, the investigation could
be
They apparently limit the authority,
and by a shipment abroad of £200,000 (one-halt of which very briefly closed.
was to the United States) and a shipment to the interior so as not to cover cures but only causes that is, they do
;
of Great Britain
of
£90,000.
This brings the Bank's
not open
the door to the suggestion of remedies,
that
down to about 21:^ million pounds ster- being left for the Government to do on the coming in of
the report.
As to the causes of silver depreciation, or
ling. By cable also we learn that the Board of Trade returns
issued this week show an increase in exports for August of more properly speaking the cause, it has now become so
holdings of bullion
only £250,000 and a decrease in imports of £1,490,000.
obvious that very
little time will be needed over side
There was reason for a general inquiry when the
The facts
great part due to the lower prices ruling for merchandise old Sflver Commission in 1876 was organized.
but the trifling increase in exports indicates that the in- were then unfamiliar, the disease and its symptoms undeThe veloped^ so that it looked as if the increase in the annual
crease in business has not made any great progress.
The
falling off in value of the imports is
exports to the United States are
they are
less
undoubtedly
in,
larger but elsewhere
than a year ago.
this
week, and
on Thursday the posted rates were advanced half a cent
per pound sterling in consequence of an increased demand.
The arbitrage houses have been doing nothing, or at least
very little, the New York market being quiet and the
uncertainties respecting money in London discouraging
operations.
Still the conditions of business and the improvement in railroad earnings are such here that a
renewed demand for our securities from abroad is not at
all unlikely,
demand
nearly
Europe's sensitiveness with regard to
it is
in
more important
check
7 millions of
now.
We
silver supply
although quite insignificant in amount might
be a depressing influence of considerable force.
Foreign exchange has been dull but firm
reserve being the
issues.
influence
its
gold
holding the
have imported probably
gold since the middle of August, and
very natural in view of that fact and of the condition
of our foreign trade, and this check in the
movement
since silver demoralization has
Now,
become so complete, every
one sees that the white metal suffers simply because
been discarded as currency; not in form by
all
it
has
European
by Germany, but substantially so, no one coinand every one seeking to discover some method to
be rid of it. In a word India's demand for the time being
having been more than satisfied, all desire and use for
silver except in the arts and manufactures was taken
away. Put gold iu the same surroundings and it would
fare no better. It is little surprise therefore that at the mere
hint of an international agreement, which the organization
of a commission to look into the evil that is being done
affords, the market should be thrown into a flutter of exnations, as
ing
it
citement.
General business remains without any essential change.
exchange should have advanced The defalcations by Mr. Plunkett, the Presiden.t and finanagain above the gold importing point.
cial manager of the Hartford Silk mill, had, as already
The further rise in silver bullion this week to 44d per noted, an unfavorable effect on the market ios corporation
ounce (a spurt on Thursday carrying it up for a time to 45d) paper. But in times of growing confidence like the present
securities, that rates
of
of-
hasbeendueas reported by cable to the appointment by these disclosures have very little influenceupon the prevailGovernment of Great Britain of the new Royal Com- ing tendency; in fact, the difference iu the reception of
mission authorized to examine the currency disturbance, such news marks clearly the difference in the business situawhich, judging from its make up, is interpreted to mean tion between this year and eighteen months or more ago.
not only thorough work but a ministry in full sympathy Mr. Plunkett's case is a melancholy one, simply the old story
with the movement to restore confidence in silver. Of of making haste to get rich and in fancying that speculation
the
SmfmtBMR
THE CHRONICLE.
11, 188A.]
285
in Wall Street is the avenae. It seems as if men holding Street, taken in connection with the general figures of
such positions could be and ought to be hedged in with clearings, give the latter a different meaniag; for in that conchecks and safeguards so that these lapses and peculations nection they indicate, both relatively and comparatively, a
woald be impoosible
is
ficult it
methods,
and yet every one knows how
:
much
dif-
to carry out that idea under present business
what person
for
compelled daily
not
is
of general
better state
And
themselves considered.
seem
in
to
than they do in
business
all
coming
the trade reports
to bear out this conclusion.
Profits are small but
some one who could hurt him badly if all men better than they were, and are improving under the
would especially
One thing at least could be steady demand which has set in.
proved themselves rascals.
attended to far more carefully than it is, and that is every call attention to our review of the cotton goods trade in our
board of directors could insist that no officer, high or low, annual cotton crop report, given on subsequent pages.
trnst
We
who baa access to or the handling of the corporation's
money should be allowed to speculate in stocks or produce in
How
any degree whatever.
seldom an
affair of this
kind
heard of that has not arisen from or grown out of
incurred through an indulgence of that
common
All our readers will be interested in the facts and conclusions
One
losses
Other than these defalcations, there has been nothing
railroad
earnings,
the
situation
reflect
The
extreme.
due
unusual
part to
large
in
and
so
far
the outlook
increa-:e
in
We
undoubtedly
ia
and
we
the
in
States.
the times
is
the note-
in
In recent years this has been changed, and
her by.
earnings
these
favorable
poor winter wheat crop
the
year and the excellent one
as
is
and the United
of the interesting features of
which the South is sharing in the present
revival of activity and industrial development.
For a
long period after the civil war that section remained comparatively neglected, and the march of industries passed
give on a subsequent page our monthly review for August
of
there give, under the head of Consumption, with
worthy way
proclivity.
the happenings of the week of an unfavorable nature.
we
respect to both Kurope
is
find those States attracting
A
other portion of the country.
railroad mileage
last
improved
much
as
attention as
now
any
great deal of additional
has already been
built,
and much more
under way. Manufacturing establishments of various
European demand for it we are exporting a much greater kinds have been started, coal and iron mines opened up,
laat season at the same and a general development of the fertile resources of the
quantity of food this season
this year,
to the
is
;
;
we were piling it up in our interior cities; so the rail, country begun. It is always the first step that costs the
roads now all the way from the producer to the sea coatt most effort, and now that this has been taken and the
time
But aside from that, an increase in geih'
had a l^rge share in eSecting a
change in earnings.
We have made up our monthly
clearings this week, and although August ia always about
the dullest month of the summer, the total ia very satisfactory, being better than for either April or May, and only
very little leas than for July and about 2 1 per cent larger
than laat year. The statament by montha ia aa follows.
get the beoeGt.
are so favorable there are evidences on every side
Times- Democrat in
lishes
some
its
The New Orleans
aa
the 1st of September pub-
issue of
figures bearing
interesting
offering
upon the past which
a
guide
to
futare
of course cotton
still
continues the staple product,
against one-half as formerly. There has been great
in
manufactures, which
Ihnb....
total production, against
Mar
M»», uwassuBSSj
ij)aa,'«t.«»
be
M&s
it
now
one-third of the total agricultural yield
constitutes only
AprU
will
prospects
The
under a continuance of the same conditions.
Times compares 1879, the Census year, with 188G. It states
that the diversification of crops, which in a farming community is so desirable, is making good headway, and while
<M*Mijr«i>rark.
Cta*Hit«>n«al 40.
JCmO.
results
of a readiness to continue the work.
haa
business
eral
now
growth
afford 40 per cent of
the
only 32 per cent six years ago.
Tbeae manufactures had a value of $50.5,8tt2,000 in 1885.
86, against only $315,924,794 in 1879-80, the number
of establishments being 51,419, against only 34,5G3, an in-
tmt
Annti..
Tbew
totals beoooM stronger evideaoe of business crease in the one case of over GO per cent and in the other
when we remember how very considerable a of nearly 50 per cant.
Farm products stand at 745 milfalling ofl there baa been during late months m specula- lioQP. notwithstanding the decline in prices, against only
tion on Wall Street
Tbe Srst three months of 1886 the Gt3millioiv; stock raising at 32} millions, against 18^
activity
sold reached ovrr 26 million shares, or a millions
minerals at $17,8 J 000, against $.5,645,878;
monthly average of
millions
the second three months and fisheries at $13,191,400, against $10,148,821, making
the sales were only aoout 20 million shares or about 6^ the total production in 1885-6 $1,314,709,096, against only
millions per month ; whereas for each of the last two $962,297,311 in 1879 80, an increase of over 352 million
months the sales have only reached about i million shares. dollars. In the face of such a development as this it is not
total shares
'•,
;
H
All this
is
and
year.
last
;
seen in the following statement for thij year
MUM or trocas at ma xaw
toik
srraox BzcnAiKiE.
ISBSL
MMIk.
.VMii*«r
ISRB.
»'"'-"
Att^HO.
1
of-n*^-
PMr.
,
.
.
iKjn nr.
April
•
tim -''I.hmi
;tl
in the Atlantic Slates,
iii>>.->i
«.««•
f#ti.ii.7..i^ ii;n.7ii-^.;i7;{
— jw
JOAf
J air
particularly bright.
situation remains substantially unchanged.
There is nothing but corn and cotton about which there
is any uncertainty at present. Cotton has of late improved
Manli..
Mn
is
The crop
Acliuit.
s
Jaaaaty
FAftmsry
future
Fiihui.
A'VmAn-
1
*W.
that the securities of Southern roads in our
market should have commanded increased favor of late, for
these roads are sharing and must contmue to share in the
development of the territory which they drain, and the
surprising
u.mtjm
jeol t
t,|-«l.'-'
.;ri
I
ably
reported
in
the Southwest,
where
the
less favor-
condition
.
4.4;«VV,
.-..imj
but has been somewhat
:'
was previously so
M-i
satisfactory.
The Agricultural Bureau
places -the average on the Ist of September at 82, or one
wiU also be buuc«m1 that lor itie two luouma, July point better than on the 1st of .\u(ju3t. However the
and August, laat year'a sales were nearly 5 million shares crop is evidently a late one, and les3 that is definite can be
more than for the same two months this year. These said about the actual outturn at this date than can in most
An»T»«t
It
i
facta with
regard to
the decreased operations in
Wall)
years,
though the
possibilities of the yield are large.
With
THE CHRONICLE,
288
ing,
It is
always
The folstated to be yielding in excess of expectations.
lowing is a comparison of the corn condition figures for
bank
statement
week,
whereas
several years.
the actual
188e. 188S
State*.
98
90
90
101
100
97
96
96
91
97
94
86
109
80
90
91
sa
91
94
Ulssonrl
Kansas
Zadlana
Nebraska
Ohio
Ulohigan
Tennessee
Kentucky
Pennsylvania..
Hew York
At. United States.
77
statement
a
is
the
however,
of
below
figures
104
78
102
74
105
105
104
111
102
08
89
118
91
84
94
92
95
100
91
95
100
92
90
88
120
103
M
8«
77
104
95
76
88
90
101
100
87
91
92
119
94
92
90
73
79
97
86
84
95
98
M
103
Wttk ending
the
for
should
reflect
Net Chante tn
Into Banla. Oat 0/ Banla.
Sept. 10, 1886.
Bank Balding:
Banks' Interior MoTement, as abore
Sob-Treasury oper.and gold Import.
1593,000
8,800,000
11,998,000
6,300,000
Loss. 11.405,000
Total KOld and legal tenders ....
19,393.000
18,298,000
Gain. 11,095,000
The Bank
lost
the week.
of
England
This,
stated
as
Gain..
2,500,000
£265,000 bullion during
above,
represents
£175,000
The Bank
net sent abroad and £90,000 to the interior.
of
France gained 1,275,000 francs gold and 875,000 franca
The following
silver.
92
that the
averages
change in the condition of the banks
between Friday of last week and Friday of this week.
as
80
99
81
79
72
73
ee
70
91
103
101
lows
1.
remembered,
be
to
1881. 1883. 1882. 1881. 1880. 1879. 1879. 1877.
86
IlUQOls
'
which should indicate the total gain to the New
York Clearing-House banks of gold and currency for the
week covered by the bank statement to be issued to-day.
regard to corn, the figures show a decline in condition
from 81 to 77 during the month, but the Bureau states
that the prospect indicates a crop of 1,600,000,000 bushels.
On the other hand, both spring and winter wheat are
CONDmON OF CORK ON SEPTEMBER
[Vol. XLni.
indicates the
amount
of
bullion in
The stock market has remained dull and quiet but firm the principal European banks this and last year.
this week, with only slight fluctuations in prices, the ten_
Bept. 10, 1885.
Sept. 9, 1886.
dency being still towards a higher rather than a lower level.
eoid.
Sold.
BUver.
auver.
The condition of money has remained the adverse influM
M
M
ence preventing speculative buying. Holders at the same
Bank of England
22,946,866
21,232,180
time show little disposition to sell, and thus the market Bank of Franoe
54,563,315 45,344,008 46,829.720 44,031,667
kept firm. There has been scarcely any new ij^fluence to
affect values, and nothing of an unfavorable nature. Earn-
is
ings continue heavy, the crop movement free, and the export
demand
esied
for our products
from
the
is
Baltimore
&;
Ohio-Pennsylvania compli-
ingly
evident
that
with
both
parties
caution,
not
about any disturbance in trunk-line
ences
in
the
it is
trunk-line
to
becoming
the contest
desiring
affairs.
pool
increas-
to
Other
that
are
definite or
decisive
differ-
now
have
seem to be
The Assay
95,896,801 fil.2S2.<(02 82,961,586 60,146,667
96,343,897:61,434,702 84,669,185 60,429,155
Office paid
$150,508 through the Sub-Treas-
ury during the week for domestic bullion and $796,005
and the Assistant Treasurer received
Custom House.
for foreign bullion,
the following from the
Oontitting
DaU.
Dutia.
XT.
(hid.
Sept.
3.
"
«
"
«
"
4.
09
36
$1,500
1,000
2,500
5,500
8,500
4,000
$3,091,891 35
$23,000
(290,413
332,016
501,769
800,842
604,103
559,746
6.
7.
8.
9.
Total.
Kote*.
58
38
75
19
BUver Oer-
Oertifle't.
Uflcata.
$133,000
158.000
286,000
525,000
405,000
337,000
$43,000
34,000
37,000
61,000
45,000
56,000
$941,000 $1,844,000
$276,900
$112,000
138,000
177,000
208,000
144,000
162,000
Included in the above payments were
coin, chiefly
of—
Gold
8.
9,000 in silver
standard dollars.
has yet been done.
Passenger matters seem to be practically fixed up, but as
regards freight there are many difficult and complicated
problems yet to be solved. There is, however, so much
business offering, that everyone believes there is little
danger of any but a satisfactory outcome, so the granger
have been among the strong specialties of the
stocks
The trunK line stocks have also been firm, and so
have the coal shares in fact, as already said, the whole
market has been firm. The large gain of over a million
dollars in the August earnings of New York Central,
which we report on another page, was not known during
week.
20,101,306 15,938,894 13,185,000 16,115,000
Gtenuany
bring
and then occasioned a little friction, also
mending under the healing influence of a heavy traffic,
and one hears very little now of rate cutting. The meeting of managers in the Northwest for the purpose of
forming a pool on all Northwestern and Southwestern
business has of course been an event of the week, and had
a more direct effect on the market, but it does not appear
that anything
of
Total this week
Total prevloas week
improving. The trouble proph-
cation has not yet been realized, and
proceeding
Bank
—
business hours yesterday, but the market showed an improving tendency.
BAILS OAD EARNINGS IN AUGUST AND FR OM
JANUARY 1 TO AUGUST 31.
but one feature to the reports of railroad earnis their uniformly favorable character.
It is a feature, too, that is growing more conspicuous each
succeeding month. We had occasion to call attention to
this fact in reviewing the figures for June and July, and
There
is
ings now, and that
in analyzing the statement for August, meet the
same evidence in still stronger form. Both in the amount
of increase and in the small number of roads that form
an exception to the rule of increase, the August exhibit
In June the aggregate
is by far the best of the year.
now
gain on the roads reporting was $2,058,990, in July it
The following statement, made up from returns col- was $2,235,250 (though the New York Central, which
lected by us, shows the week's receipts and shipments of had been included in June, was not included this month)i
which is
while now for August it is $3,749,245,
gold and currency by the New York banks.
certainly very heavy, especially considering that non«
Reeeivtdiv
SMppaibv
S«t IntsHor
Wuk eiwUn« Stft. 10, 1886.
lines,
except the
larger east-and-west trunk
N. T. Banla. N. T. Bama.
Cmrenoy..
Gold
K93,0C0
11,998,000
Movfimtnt,
Loss.. II ,405, 000
of
the
New York
Looking
Total ROld and legal tenders..
The above shows the
1693,000
11,998,000
Loss.. II, 405, 000
actual changes in the
at
Central,
the
their totals of last
are
number
year, we
embraced
of
find the
in
the
exhibit
behind
improvement equally
roads
that
fall
Though our statement
and gratifying.
embraces more roads than in either of the two months
from the interior. In addition to that
preceding, there are only six companies altogether that
have gained $1,500,0D0 through the operations of the Sub- report any decrease, against ten in July and eleven in
Treasury and $1,000,000 more by imports ,of gold, June, Below is a summary of the monthly aggregates
ings of gold and currency caused
Adding
these items
to
by
the above,
bank holdmovement to and
movement the banks
conspicuous
we have
since the 1st of the year]
this
the follow-
wimam
Seftekber U,
THE CHRONICLE.
1886.]
ie».
18^0.
Jarnurr (M
UI.fifi8.04S
48JW
47.0M
48,aM
^'•'^
47.4m
lfM*k(«>nMdB)....|
Aptn (07 raada)
Maries R»da>
Juaieoraadti
Julj
t
i
<n roadi)
48,188
A^,(T3toa«t>
[
»
I
4MM
raad«>..{
1888.
1888.
JMIM.
I
88JB7
may be seen from the following detailed statement,
showing earnings and mileage of all roads that hare yet
reported for the month of August.
are
iHcrtnaeor
Deereatc
Saradtm.
Jni«i0>-
Prriod.
»
j
14.8a5.S38
4ajT4
ie.«e8.3»4! 14.888,151
17,988,078 17,747.TaS
47.710
48,080
17.488,081
17.070.170
4ak7B
47,l»
BI.IW
80.081.830
D«. 1.0ia.W9
f«. 1.230.243
fM. 207.347
•
1730a.M» Inc.
179,332
18.417,338 Inc
88S,«7
.
I7.W1.040 Inc. 8.088.W0
1 7.1(1 «.4« inc. 2.23S.aS0
»«.t»38.»e 21.lB0.0m Inc. a.749.gt5
fact that
ever since last April the progress has been continuous and
uninterrupted, each month showing a larger gain than its
not for about three years
have we had an exhibit to equal this in the extent of the
It will perhaps be contsnded that we
increase recorded.
More than
that,
are comparing with a very poor period a year ago, and so
we are, but to show that relatively the gain this year is
much
Kamt
BaflaloN. T.4 Phil..
Buff.Rocb.APlttab..
Burl.Ced.Bap. A No..
Cairo Vinci Chic...
Canadian Paoiflo
Central Iowa
Clilcai^AAltoii
Cblcaco A Atlantic
Chlci* Eastern 111...
CUc.KUw.&St. Pan!
& Weet
Mloh. . .
Cln. Ind.St.L.AOh..
•can. K.O. 4Tex.Pao.
Alabama QLAouth.
K.O. at North
heavy and continuous increases, and that in 1884 and 1885
there were decreases but that they were light as compared
Eaat.
•Vicksb
either with the previons gains, or the gain the present year.
ttOtttl-
/acnowar
Tmr
Ftar
r«ar
X>KrMM.
Aac
88.718
Isa.Tlraada):
8IJSS
AB(^l«S«(»4f<M«U
48,118
Aw-
M.997
1888 ,78 raada )
18,871.781
18,080.818' lac. 4.aas.«o
18,188.748 lac. a,rit.o3'<
ia,7«B.a8»/ac. t383.»7
tijmtm tiu. 8.11S.W7
88.488
Aa«, IMS (88 raada)
8I48S
4Ua87
is,aseb8SM
81.108
lajfSJSol 17487.8*4; Ok. 88>.a84
M.n».«U8' aUOO.ilBMtK. 8.7«8.8«»
It is perhaps hardly necessary to
aa«».4i8'OK.
i.»<3.3«3
speak of the causes
we have so often referred
know that prominent amonu;
for this large improvement, as
them of
them is the
to
late.
Eaat Tenn.Ta. A Oa
Evanav. A T. Haata
Flint A Pare Marq
lOrand Trunk of Can.
Oulf Ool. A Saau Pe
Houston A Tot. Cent
IU.Oeil.(IU. DIr ).
Do
Do
8
*
1TJS8JW
We
all
A No.
*
tamllai
OtMB.
.
Denv.A Rio Or. Weat.
•OeaMolneaAFt. D..
De(n>lt Lana'8
(So. Dlv.)
(Iowa DIr.).
A Weal
A Sp..
AQoU
A Mem.
Ind. Bloom.
Ind. Decatnr
C. Pt.S.
*Kaii. C. 8p.
Kan
Lake Erie A Weatem
Look lalaod
LAaiaT.Erana.A Sl-L
UmlaTUle A Maahr .
.
Man). Honith.
HemphlaA
A
On..
Oliar'ton.
(Mexican Outral
Mllw. UBb. AWeai..
Milwaukee A North..
(Mohlle AOblo
' N.Y.Ont.AHad.R.
.S. y. aty A Morth'n
I
aN.Y.Ont.A
Weat'n..
and more generally Norfolk Weatem...
A
maintained. This applies not only to the trunk lines and Horthem Paeiao
OhioAMIaalaaippl...
their connections, but to the whole body of roads in all OhioSoathera
Peotte Deo.AEraasT
sections.
Then many roads which last year suffered from Bloh. A DanTlUe
fact that rates are better,
Va. Mid. Dtv
Bo. Oar. DiT
Col.
Qreenv. DIt.
West. No. Oar. DIr.
the failure of the winter wheat crop, this year have been
benefitted
by the unusually large
yield
and early mar-
keting of that crop, the contrast between the two years in
But in other grains
been free and large. Further-
that respect being thus very decided.
the
movement has
also
more, there has been a heavier
movement
of provisions,
while the roads carrying lumber or iron ore have been
favored with larger volumes of those kinds of
A
Joaaph A Od. lal..
St. L. A.A T.H. m-llae
Bt.
Do
St.
at.
St.
all this,
and as indicated
in part
extending to
all
t
by these very
many
different ways.
2,299,900
496.000
ll7.9*t
236.856
163,255
60,241
20,422
22,903
33,081
183.373
55.152
226,161
100.971
235.201
76.517
167.198
1,897,670
178,703
166,944
641,778
272,792
152,975
257.522
-f 36.217
-i-20,611
18.727
H-93,573
663
394
000
0!»0
26 S
-t-
4,106
265
3,064
146,736
H9,232
251
400
849
368
351
1,766.911
1.922,235
+206.089
4,933
3.048
1,339
1,870
8,848
1,818
418
842
33S
295
108
-i-8,1.55
413
342
336
205
196
143
170
281
144
324
-(-51.956
1,317
1.317
—1.963
368
-1-31
143
261
1.104
146
361
2,918
868
143
261
476.229
113.579
206.850
149,971
47,783
18,786
31.932
17.96«
140.412
47.670
218.006
562.734
91.313
19,300
110.200
315,741
74,530
155.687
1,1S3.31£
150.963
144,067
576,099
264,793
120.349
242.801
614.690
89.350
19.340
663
204
38.851
-t-
-H,530
mo
-i-9.857
-H42,0-*l
-(-377.665
-H9,771
268
-)-4.366
30.006
-t- 13,284
-t-
-(-13,458
-i-1,636
-(-971
-i-5,131
-(42,961
-1-7,482
—9,229
•f 19,460
el.98^
-1-11,501
-i-244,35x
-(-27,740
-(-22,87-(-65,679
-(-7,999
-(-32.626
48.871
4.5.613
121,297
111,661
+9,636
+24.352
81,844
57,492
+33.690
135.148
101,458
+23.891
404.798
380,904
58,307
44.840
+ 13.467
1,192,^50 1,077.487
+ 115.063
119,007
+23,792
141,799
95.821
+23,376
119.200
260,.53.5
265,687
+5,152^
134.231
250,394
+ 116,173*
53,229
43.668
+ 10,561
149,072
6,000
143,072
2.980,974 1,950,194+1,030,780
48.267
39,390
+ 8,87
144.328
128.332
+ 19.996
269,321
219.770
+ 49,551
1.172,225
971,288
+200,936
+5e,5.'i2
390,865
334.313
+7,313
46,355
39.042
81,015
+7,561
88.566
322,961
324,000
+ 1,030
+4,674
149.427
144,753
-5,488
50.771
56.eS9
84,596
41.327
-e,73:
46,821
+5,213
62,034
104.801
85.101
+ 19,700
-12,416
113,754
126.170
+ 2,886
62,893
60,007
+87,340
41t5,785
868.415
141,403
138.536
+ 15,967
626,917
525,009 + 101,90120,384
81.288
+30,096
149.671
103,954
+ 45,71'
34,687
+8.431
33.118
1,2'^0,161
1,039,143
+ 181.018
113.889
107.365
+6,624
148
170
281
144
324
1,104
146
3«1
2,918
532
152
389
ag2
386
354
iA3
538
530
053
711
403
533
153
889
383
386
354
853
3,015
3,015
692
520
953
711
40'i
+ 14.721
+ 3.258
160
330
160
330
1,236
1,236
534
220
640
321
603
527
820
640
998
54
321
503
8,778
S.691
616
128
854
774
3S5
873
396
200
352
195
138
616
128
254
774
355
373
208
274
262
1.465
54
'
225
195
138
815
225
1,475
21
1,475
19
871
735
735
100
110
3,140
2,140
418
418
84,039,906 31.190,661 + 3,749,243 53,287 51,168
443,45(
+ 15,342
458,700
35.398,606 31,684,118 f3,764.487
A OtXto Included In both yeara.
1neladtnff
Weat Shore
in 1886, but not In 1885.
of the
Northwest here give by
far the beat account of th emselves, but
that these have fared
that this
is
better
it is
only in degreo
than others, and to prove
we have simply to point at the gains
by roads in the South and South*
increase on such roads as the Long Island,
the case
so generally reported
west,
and the
the Buffalo Rochester
&
Pittsburg,
and the Buffalo
New
York & Philadelphia in the East. Northwestern roads
show best merely because they have had more and
stronger influences operating in their favor. The grain
movement was of very large volume, and so was the pro-
circumstance too that accounts for the heavier west-
now
..
9
9S,S)81
The grain carrying roads
Not
K
I
railroad people
St Louis
S
from one road or one section, but from nearly all roads
I and all districts we have the report that the demand for
freight accommodation is such as to employ to the full
aottent the present carrying facilities.
Every car and
^k wnrj wheel in motion, and enough business offering to
^KMoploy a good many more, is the statement usually made.
^VXt has come from our Eastern trunk lines and been repeated
by the managers of Western and Northwestern roads. It is
bound shipments which
1885.
IiiulmlssikrBa weeaa only of Ampiat In eaoh year.
For Amit WMka ended Aoxott 38.
1
_
this
1886.
\ Mexiean oomnoy.
aFI«iueaar«amln«sforla«t year have been a^luited ao aa to maika
the haala of eomparlaon the aame aa thli year.
branches of trade and industry and
affecting the railroads in very
(jentral
OAlRtotar..
•
it.
ore shipments, there has been the revival of business activity,
A Pao
Total (73 roada)
Or. If J AHay. (X>...
Indeed, in the latter the ore shipments the movement
has been so heavy that the lake vessels have had their
Beyond
Ht. Lioula
Vlconaln
traffic.
carrying capacity taxed to the utmost in taking care of
PtMl ADoloth....
PaullClno.AMan
etaten Ul'd Rap.Trao
Texan -u it. Loubi
Tol. Ann A. A N.Mich.
—
—
(branohaa).
LooliABan Fran.,
Wab
S
1,973.00«.
Cnilcano A N< >rtb Wfat
Ohio. St P.Minn. <kO
.
8BAt
MUtage.
Intreiue oi
Deerta*€.
328.849
110.084
225.824
42,025
823,427
113,585
728.005
73i.862
141,062
165.96
.
cnilo.
t
2&7.700
136.301
246.43 ^
60.T5i
917,000
1XJ,09.^
A Meridian
•Vlekab. Dh. A Pso.
years preceding, we give the following table of the Cin. Waah. A Bait....
Akron A Col
August results for seven years past. It will be noticed Cleve.
Col. Hook. V. A Tol..
Denv. A Rio (irande.
that in 1880, in 1881, in 1882, and in 1883, there were
Aac^ iaS0f4>na4a)
Aa(, last (48 raada)
Am., IMS (81 raada)
Eaminoi
1885.
18S6.
or both of the two
heavier than the loss in either
Ttm
u
0/ Road.
80.147.73i>
The forgoing shows the further important
predecessor.
287
report in pro-
the east- visions movement, in addition to which the roads having
bound traffic the conclusion would be easy and natural that branch'es to the Lake Superior iron mines have had gains
it was merely a heavier crop movement that accounted for
from a largely augmented traffic of iron ore, not to speak
the large earnings now shown, whereas the crop move. of heavier lumber shipments.
As bearing upon the iron
meat is only one of a number of influences all operating in ore traffic, we notice that the Marquette Mining Journal
^h« same dlrwtioa
How universal the gains in earnings places the total shipments for the season to the 1st of
gress, for
if
the gain were
confined merely to
'
THE CHRONICLE.
288
September from the ports of Marquette, Escanaba, L' Anse,
St. Ignace, Ashland, Wis., and Two Harbors, Minnesota,
at 2,201,188 tons this year, against only 1,545,404 tons in
1885, an increase of over 40 per cent, or 655,784 tons.
The
.
heaviest gain
Ashland, and in
at
is
it
we have no
While the
[Vol. XLlir.
roads taken together thus show larger
five
earnings than ever before, the same
behind their best previous
being considerably
Ttie
&
Milwaukee
not true of the
is
both the Northwest and the Manitoba
individual roads,
however,
St. Paul,
figures.
decidedly ahead of
is
doubt one reason for the heavy gains in earnings reported ite highest previous total.
Looking now at the roads running south and south"
by the Milwaukee Lake Shore & Western. In reference
west
some
from Chicago, of course the gains are not so heavy
form
to the grain and provisions movement, we can
The same
or
as on the Northwestern lines.
reconspicuous
the
of
table
idea of its proportion from the following
section
roads
in
the
Middle
Western
the
may
said
of
be
years.
three
of
the
last
ceipts at Chicago in August
like
th©
Ohio
River,
which,
and
the
between
Lakes
the
JAN.
1.
SINCE
AUGUST
AND
DURING
RECEIPTS AT CHICAGO
others, have received large benefits from the heavier grain
Jan. 1 tu A^l^. 31.
Att^ust.
movement this year, and have also had the element of
1885.
1884.
2,;49,233
8,629,068
931,517
6.078,817
3,775,871
6,892,157
12,468,513
10,472,824
7,884.018
40,778,951
39,083.335
6,'230,121
8,871,315
455,549
25,820,389
«18,5«5
42,332,313
2»,238.8i7
181,056
16.150,507
188S
1886.
Wheat, bush
Corn., busii.
Oats... bush.
To show that the gain in the
wheat has not been confined to Chicago, but
has extended to all other winter- wheat markets as well*
we give the following table in our usual form of the receipts
at the eight leading Lake and River ports of the West.
It will be observed that at St. Louis there is a gain of over
better rates in their favor.
Bye. ...bush.
170.433
Barley.bush.
1,033,049
S.128.786
257.631
12S,9»H
Total grain.
Floor... bbls.
18,211,906
10,585.767
268,608
186.53.-
Pork...bbl8
4,881
Cnt m'ta.lbs.
2,420
13,154,242
I.ara....lb9.
9.794,768
12,090,9
1886.
1884.
26,448,737
1,066.951
l,571,'i43
5,738,453
4,822,170
3,417,286
79,246,515
84,928,264
80.983,2J1
2,975.694
33.890
28,457
9,747,016 110.766,323 106,116,441 80,788,028
2,329,179 56,258,003 34.580,101 43,253,609
2,976,117
3,945,547!
4,107,613
332,991
247,852
3,560
;i
3.168,561
2,190.823
14,348
8,723,927
of
receipts
bushels (though there
half a million
is
a corresponding
Toledo a gain of nearly two million
bushels, and at Detroit a gain of over 350,000 bushels,
Thus the total receipts of grain foot up nearly 18^
while Cleveland and Peoria also show larger totals
million bushels this year, against only 10j|- million bushels
all indicating a very much heavier
than a year ago,
Every species
last year and 16| millions in August 1884.
movement
of the cereal through the winter wheat belt
In wheat
of grain with one exception shows an increase.
LlvebogsNc
S83.76S
S45,7.S7
in
loss
corn),
at
—
somewhat misleading, as it does not apply
to the Northwestern or spring wheat roads, but rather to
those running south and southwest into the winter wheat
belt. In illustration note that the inspection of spring wheat
during August 1886 comprised only 1,371 cars, against
1,568 cars last year, while the inspection of winter wheat
the increase
than in 1885.
is
covered 3,323 cars, against only 394 cars in 1885, showing that the gain has been exclusively in the winter
RECEIPTS OP FLOUR AND GRAIN FOR FOUR
AND SINCE JANUARY
Chicago—
4wks., AUJ'..1888
therefore
wheat
were
if
not
this time
the
movement
reflected
correctly
by
the Chicago
figures, for looking at the receipts at Daluth,
we
receives only the spring .wheat,
of spring
a point that
find a total of
1,412,-
551 bushels in the four weeks ended August 28 (per table
further below), against only 457,835 bushels receipts in the
same four weeks
of the preceding year.
In other words,
Duluth. has been gaining largely, and in part apparently
In this change of movement
at the expense of Cnicago.
the latter city must have suffered
the roads leading to
some reduction
of
these roads are
also
grain trafEc,
their
large
carriers of
but the most of
corn and
oats, in
business brisk and increasing
it is
not surprising that
all
;
with general
and altogether,
therefore,
the Northwestern roads, with-
out exception, show improved earnings this
.time,
Rye,
(bush.)
(bush.)
908,404
111,308
5,572,642
3,644,638
7,744,621 6,704,553
5,719,074 2,773,173
39,782.508 2o,255,319
41,468,088 23,289,307
63.220
47,420
403,810
880,515
4 wks.. AUK.,1881'
4 wks., Aug.. 1885
8ince Jau. 1. '86Since Jan. 1, '85.
88,914
66,703
604.7U6
660,932
2,536,210
1,«72,104
8.740,237
0,979,927
788,990
1,494.565
11,566,137
16,516,775
1,020,425
182,026
4,781,835
4,76'.',050
570.483
791,881
4 wks., AUK.,1886
4 wks., Aug., 1885
24,612
0,539
152.137
78,556
3,513,335
1,546,413
7,710,886
4,315,132
287,451
170,2?n
4,464,912
2,304,871
147,177
187.721
456.780
812,165
9,500
96,704
78,438
9.440
7,719
95,367
75,015
1,725,291
4,747,031
8,619,877
52,481
63,644
1.693.39.
1,506,862
155,253:
240,150
589,7«1J
942.6'3S
412,347
•z
17,6 18
190,575
146.813
93,4
1,157,372
1,003,908
13,231
1,881,608
1,741,973
68,410
18,880
204,786
173,327
Louis—
Since Jan. 1, '86.
since Jau. 1, '85.
Detroit4 wks., Aug.,1886
4 WKS..
Aug
,
1885
'80.
'»5.
Since Jan. ;,
Since Jan. 1,
Cleveland—
4 wks., Auir.,1886
4 wks.. Aug.,1885
since Jan. 1. '86.
Since Jan. 1, '85.
Pe4}ria—
4 wki,., AUK.,1886
4 wss., Aug.,188£
Since Jan. 1, '86.
Since Jan. 1, '85.
19,564
15,976
138.0U6
101,596
4,250
5,630
44,093
89,785
85,611
84,130
1,321
62,42»
2 11. 8-24
323,776
103
232,651
121,383
89,484
41,802
671,776
11,142
3,287
387,161
261,673
221,800
92,660
948.313
561,880
8,000
28,S0C
1,229,341
1,081,273
83,075
11,102
713,043
536,46»
il2,403
88,139
8,S3»
48,840
28,365
237.075
281,855
270.360
548,323
4,040,960
6,761,213
1,773.270
1.851,883
7.886,843
7,7a»,9S0
13,750
8.400
337,710
882,300
203,250
2S0,»»»
1,369,72;!
239,599
77,100
l,27ii,302
Da(ata—
1, '84.
traffic,
BarUu,
8.983,677
6.274,081
In addition to this heavier grain movement)
there has, as already said, been a larger provisions move,
a heavier lumber and ore
Oat»,
(bush.)
MUivaukee—
4wk»., Aug..l885
Since Jan. 1,'86.
Since Jan. 1, '85.
4 wka.. Aug.,1886
4 wks., Aug.,1885
Since Jan. 1, '86.
Since Jau. 1, '85.
ment and
(tnish.)
191.023
148,308
2,291,818
1,066,749
'86.
1, '85.
1,
which two items ihe Chicago movement exhibits a gain of
nearly 6f million bushels. There is, besides, a large increase
in the receipts ol! barley, and on examination we find that
the Chicago Milwaukee & St. Paul and the Chicago &
Northwestern bring the largest amounts of that cereal to
Chicago.
Com,
(bush.)
1,975.001
844.371
6,089.978
10,289,570
Since Jan.
Since Jan.
St.
seem, however, as
Wheat,
1.
260.342
184,231
2,171.052
3,188,097
4 wks., Aus!.,1885
4 wks., Aug.,1886
must have inured exclusively to
It would
the benefit of the roads carrying that variety.
variety and
Fkmr,
(.bbls.)
WEEKS ENDED AUGUST 2S
7-o(al of all4 wks.,Aug..lS86
4 wks., Ang.,188;:>
4 wks.,
Aug, 1884
Hince Jan.
Since Jan.
olnoe Jan.
1, '86.
1, '83,
1,412,651
"
457,835
6,858.867
4,257,237
583,145
438.308
7S2,^8a
5,892,466
6.275.730
5,643,949
<
:
1
1
56,244
11,862,687
6,514,528
13,087,268
39,387,082
37,049,104
34,164,171
In reference to the trunk
m
9.290,151
6,105,509
6.737,728
62,691,778 i41,76N,7Bl
b8.639,5v!U 38,364.505
64,292,146 i40,a36,047
9,240,188
1,176,4.32
8,07,5,406
9,U4-',880
147,247
236,236
8.868,771
6,888,063
6,564,238
we have
lines,
of the larger systems except the
Grand Trunk
i.iii
'86,469
New York
368,t0»
868,415
788,979
1
I
1,844,604
1,759.028
2.482.886
none
of course
Central and the
The Central has an
of Canada.
over a million dollars, or more than
."'.'.'.'.'
increase of
50 per cent.
even course the
West Shore earnings are embraced
this
Of
year
those lying north
of St. Paul like the Manitoba.
To and not last, and yet if we allow $350,000 or $400,000 on
how present earnings compare with those
that account we have left the remarkable gain of between
same month of several previous years, we annex
show, however,
of the
$600,000
the following table.
Avgust.
1886.
1888.
1883.
1882.
Bur). Cea. Rap. & No....
2ie,435| 225,824
218,890 232,622 224,920
Ohio. Mil. * St. Panl
1,978,0)0 1,766,911 l,8'i5,.34- 1,8.01.209 1,515,198
Chlo. & Northwest
2,299.1100 l,9^,lit» 2,027,982 2,403.4511 2,211,622
taitc. 8t. P. Minn. & u...
416.000! 476,229
4ti9,130
485,020 422,718
iSt.Paul Mian. a. Man....
626,917: 526,009
871,762
632,148 802,238
Total
5.612,252 4.816.20818.110,81
W!14,3.'58l5.20«.687
20
over
of
$
and
On
aione.
the
on
the
Central
proper
Trunk the
increase
reaches
$650,000
the
Grand
per
cent.
As
trunk
lines
they
the minor
to
all
lie
in
representatives
the same district
with the roads having the large winter wheat movement
in their favor, so that
much
it
is
not possible to say just
how
of the gain In earnings is attributable to the higher
rates in force this year.
We
note, however, a very
heavy
Septchber
THE CHRONICLE.
11. 1S941I
Like
retorDS from the
Wabuh, and good
increase on the
289
August.
k Western, the Chicago k Atlantic, the Cin. Ind. S:.
Louis k Chicago, and the Cincinnati ^Vashington k Balti-
1S««.
Erie
$
178. 70S
Sc 9mnt* Fe
Central (South. Dir.) 8T2.7B2
LoulsTllle A NuhTllle.
1.1OT,5.W
Galf ColIll-
The Alioa^^ Terre Haute main line forms an
exception to the general role of increase, and has a loss in
more.
A Ohio*
N'.rfolk i Western
Mobile
Richmond
190,863
801,793
18S3.
1882.
«
«
«
131.033
1S81.
$
184,9Sa
S82.S15
141.103
100,789
^35.9^'9
2iSi>,I80
I,077,4>t7 1 .117,313 1 ,SS1.187
1,04».0U
876,183
100.780
186,187
a»4,48S
lfl,834
881,888
14».0Ta
+810,770
3»t,(IOO
822,961
I40.4S7 144,753
4SB,78S 388,445
143.078;
Diuirllle.
IS84.
s
S78.ei0|
143.«00)
1B6,B84
228,408'
S«l,7ll
137.473
832.160
883,147 317,UM 31(6,717
ft
it is difficult to understand in view of
Virxlnla Midland
148,886 175,«dO
148.491
488,498 876,386 3M.807
and larger grain trafBc in the district St. Lonle a Ban Pran..
a.tie5,eiio a.ft>i«.a44 »,T7».oqo 3.006. 44al2.ai5,itt3 2,303,08S
Total....
traversed bj the line.
Taking a few prominent companies
* St. Louis ft Ciiru Includetl in 1886 .lud 1835, l>ut not lu pi-dvioos
in the territory bounded by the lower lakes and the Ohio fears.
We use the approximate figures here.
and Missouri rivers, the following is a comparison of their
-As for the exhibit of earnings for the period from
earnings for six years.
It will be noticed that not one of January 1 to date, with each month showing better
the seven lines given reached this year the best August results than its predecessors, it is not surprising that the
earnings previously made, though with one exception they exhibit as a whole is now quite favorable, with the roads
all have larger earnings than in 1S85, and some of them
that fall behind 1885 steadily diminishing.
We have
larger than in 1884.
now but 19 roads that report any decrease (out of 68),
and their aggregate loss is only $1,181,346, while the
earnings, which loss
the better
rates
.
.
t
remaining 49 report an a^^gregate gain of $15,176,691,
leaving a net gain on the 68 roads of $13,995,345.
Following are full particulars.
iBKotoa raost jamoabv
/ToaM of Mood.
HgftM» «
ljWM»
In the Southwest the St. Lraii k San Francisco and the
Port Scott k Gulf roads have conspicnously good
and down in Texas the Oalf Colorado k Santa
the Houston k Texas Cdutral and tb4 Taxti k S:
Buffalo Rncb. & Puts.
Bu.-l. 0»<tar Kap.
No..
CanadUn Paelbo
A
OUeaco A AUoo
Chlo.
A
Eoatern
Illliiol<i
ChloafoMUw. A Bi.PauI
Caloace a NortnwMt
.
.
ito.Bl.P.MInD.ft OuuUu
Eist of the (Woa«o a West MIoft.
an.
tn<J. 8t. r,. \ Cbio..
.M ;sji3sippt, Sjuthern roals also pretty generally report
•Cm. N-Pan
•4UI'
'U-u.
better earnings than a year ago, thoutrh the gains as a rule
•.Vow
s.i.
'.'As are distinguished in the
same way.
. .
V
•
'
are only moderate.
The Norfolk k Western, however,
•
is
Vlokabar.1
it.
E.
Iluridlan
VteksburcSb. APao.
Cio Wa^h. .% B.illtruor*.
and ao are the .Mem- Clere-AI'll.
Louisville k Nashville and the I'ol. H'M
Denver .V
roads in the Cincinn«u Southern system. Tae Mobile k I>tinrer it Ui"
•l>e« MolDea
Ohio has a decrease, as have some of the roads in the Dntrolt L'lii'i
•Ea»t T.
Richmond k Dwville system. The cotton movement ETaotv
Film A
plays only an insigniScut part in the earnings of the roads II'i.i...
to be mentioned for a
phis
k
heavy
1S8S.
»
S
increase,
Charleston, the
1.
adoust
•
i.^ip.eio
771.334
6,075.«»u
S.083.832
80-j,7a7
7rt.5,Ul'f
5.031.3J4
I,0S!>,47.
14,61-1.00'
\i,TiS,'i\>2
1.003.
14.J7J.8l.^
a«7.77;>
3.^7,331
393,24 ^
2*0,783
1.346.00)
3t3.0.'3
1.46 i,03j
I.IO-.SC:
134.435
..>. ...
9Ji.7!»8
42.7711
60.840
un
i».in;i,;ij;
3,'l.Vl.e2 1
8.1.
2SJ
3r.5.i.^
5SU,6B.\
l.S<3.56l
2i2,40l
63,409
118.063
LSS^.-'V.^O
lia.Hl'i
839.331
637.48'i
bQ.I^l
397,708
249.837
204,7Ae
40,377
4i,61H
48.0 Z7
151 OLH
1,084.991
3i3.J61
19,7«
l.»7.'5,27'
3>i-;,-n:.
1248J
142,320
l,>*tfl 1-23
4.972.991
3.682.024
892.743
1.651,631
1.700.477
31.
InTtOMe.
l,7i>4.01n
TSS.^'il
1,7a 1,80.
Central Iowa
returns,
Fe,
183S.
.MtJ»M)mJBtJB8«J0<Mlta
Bnff^IoN.T.A Phil...
1 x<i
6.23;)
2'iO -'M
.v
•
in this
month, but here
a statement showing the receipts
of the staple at the outports during each of the last three
is
3!».'.3i.'i
30,45
287,787
U-i
Do
Vaat.
aprtiiK.
4(1 574
135.072
41,85)
Uinc Iiland
Ixiular. Branar. aSt.L.
0K,518
83,811
.)...
'iiliana.
years.
i
IniUanap. UccJt
aaosira or corros at ovrmaa roara a
tAsniMMT I TO Aranr Si. IM«, t8«5
raoa
AUOL-tr. Ain>
Am la««.
GAlTMUia.
Ma*
UB4.
II
:i
I4.«l»
tW.1
7S.fl07
isanr
4M.IMI
1,414
41S.0II
tfm
l»aiuoli.ae.
lUM
scuai
SI
IvWIf
I
MSI
orml.te
Wnalaitaa
Sl«
rsct
U,I74
tlS.70«
MM
S4jai
issjaej
17.«74
114.111
i.aM
BJSI
74
as
Ml?
M anhma Q\r. tu.
SB1I44
Cws
isrj
tas
anjni
sskaTsI
•.417
lOOMS
17,182
'ie.i'ii
62^.461
34.2)8
Milwaukee a Nortbem
(Mobile a Ohio
58,61«
.V. Y. Central a 11 &^
.Nev YoraCUy a )»o...
N. Y. OBtarin \3le%Vn
Korfntk a WesHiu
5,389.608
73.372
1
9S.0IS
So. Car. Dlr
Col. aoreenr. Olv....
aei.8«i
1.070.570
102.48»
41,971
477,969
St,S32
3J,83S
Wv
Va. Mid.
IISITSI
307,714
fi81.77i»
Paaifla
44.MS
U,7IH
.^2.244
.
Nortbem
Ohio a HlMia«lppl
ObioaoniberD
Or.-gaa R'y a W»v. Cu.
Peorta Ueeatnr a Er...
BlcUBOnda DaaWlle...
4
Wa«PMat.a&....
187,48»
13293;
Ueinphla a Clutrlaaloa.
; Mexlonn Central
Milw. L.8hare tt WeaCn
s.vra
184.743
t
Ilorfott
96,720
*;
S0Ji7t
•an
•Kan. City n. 8. a Ouli.
•Kan. City 8p. A Mem..
UxUavUto a NaakrlUe..
Marq. HoafhtoD kOm..
Saw JiaMMnr L
4«eiH(.
fartt.
I
1,1 Ji.:i 13
Ill
Weau No.
10,819
21.836
84.518
78,178
Car. Dlr....
Joaepb a Qt'i lalaod
St-I.A.aT.H.maln line.
Du do (branobe4)
St.
To show how
this year's earnings
on a number of leading
St.
St.
St.
Lonln
Paul
Paul
A-
Southern and Southwestern roads compare with the years
^n...
lasty we have prepared the following table.
Toxaa^
Wabaab au U i^ Pao...
The result is. that while in the aggregate the eight roads Wlsoonaln
Central
taken have earnings close up to the largest previously
preceding the
in this
month, the Norfolk
Louis
k 3ia
Francisc) are chiefly to be credited with this
c<c
Western and the
St.
compares well
Santa P>, the
Jt
:
BTet Inoreaae
*
I
Richmond k Danville also
with previous years. The Gulf Colorado k
favorable showing, though
t'.ie
;
^
'
221,814
100.772
•
TOUl (eSroada)
made
3.57*
12.425
H Fru'inlMO
96',517
SS4.580
748,080
3 a' 6 Jo
173.373.211 159.377,869 I.M7H691
13995348
1,181,316
laelO'lM three weeaa only of Aaga«t la each year.
FoAOKOMtH.
Maxicaa ourrenoy.
[acludea 8l L)uI'< a Cairo
(aulu UiiK Wd.il
.1Ii<>ro
In both yearii (lane July
In 1848, bi'. nut ia 1843.
1.
Illinois Central Southern line, the Louisville
Net earnings are of the same favorable character as the
Nashnlle, the Mobile k Ohio, and the \'irginia Midland gr )S8.
Our figures this time cover July and the seven
•
Of coarse in all such com- months ended with July, and it is quite noticeable
number of years, the increase in how many roads there are that show a balance on the
There are more for July than
mileage is to be taken into consideration, but that counts right side of the account.
for less with Southern roads than with most others.
for the seven months, but that ia only saying that the
all htfl
heavier touts in 18)13.
parisons extending back a
THE CHRONICLE.
290
[Vol.
XLUL
result Bt the close of the period was better thaa at the
beginning. In fact, out of thirty six roads reporting for
CROP
1885-86.
July only seven have smaller net than in the correspondOur statement of the cotton crop of the United States for the
ing month of 1885. The trunk lines Erie, Ohio & Missis- year ending
Sept. 1, 1886, will be found Tielow. It will be seen
all have very heavy gains, and so
sippi, Pennsylvania, &c.
that tlie total crop tliis year reaches 6,550,215 bales, wliile the
LouisQuincy,
Atchison,
ttie
the
have the Burlington &
exports are 4,343,991 bales, and the spiimers' takings are
ville & Nashville, the Milwaukee Lake Shore & West2,117,676 bales, leaving a stock on hand at the close of the year
tern, the Norfolk & Western, and the Nashville Chattaof 173,728 bales. The whole movement for the twelve months
nooga & St. Louis.
is given in the following pages, with such suggestions and exGROSS AND NET EABNINGS TO LATEST DATES.
planations as the peculiar features of the year appear to
July.
Jan. 1 to July 31,
Name of Boad.
require. The first table indicates the stock at each port Sept.
1886.
1885.
1885.
1886.
1, 1886, the receipts at the ports for each of the past two years,
and the export movement for the past year (1885-86) in detail,
Atoh. Top. & B.Fe.. .Gross.
COTTON MOVEMENT AND
—
—
Net...
& Potom. .Gross.
Net...
Buff. N. y. & Phlla.. Gross.
Net...
Burl. Ced. R. & No.. Gross.
Net...
Camden & Atlantlo. Gross.
Baltimore
Net...
Gross.
Net...
Cbesap. <Ss Ohio
Gross.
Net...
Eliz. Lex. & B. S.. .Gross
Net...
Cites. Olilo & 6. W.. .Gross.
Net..
Canadian Pacific
CMeago
Burl.
&
Q... Gross
Net..
Clevel'd & Canton. .Gross
Net..
Denver & Rio Gr. W. Gross
Net...
Des Moines & Ft.D.. Gross.
Net..
Grand Rapids & Ind. Gross
Net...
Houet.
& Tex. Cent .. Gross
Net
Louis vlllo ifeNasliv.. Gross.
Net..
fMexlcan Central... Gross
Net..
MUw.
L.
811.
&
W.... Gross
Net..
Minn. &Nortli west.. Gross
1,303,110 1,181,784
659,759 535,073
112,721
103,806
48,777
38,399
245,709 210,318
6 4,477
39.756
209,735 224,381
2.5,280
50,801
97,732
86,23
45,752
42.195
998,348 907,63?
458,222 445,579
405,509 280,214
135,071
90,839
9.5,846
58,0,'iO
35,585
23,749
147,418
131,678
61,007
50,081
2,330,711 1,812,834
1,168,951 694,975
24,004
32,669
10,19J
5,481
85.742
88,298
22,450
34,988
24,063
29,324
def. 906
7,907
202,249 175,449
87,003
52,636
152,554
191,448
32,920 def. 2,847
1,259.771 1,057,332
546,463 361,415
276,538 270,673
72,0()2
78,688
248,444 116,272
93,490
36,756
8,244,478
3,602,527
742.635
8,409,042
3,650,003
759,349
283,50SI
289,.570
1,446,346 1,290,701
200.160
276,643
1,475,368 1,038,299
314,012
426,480
312.258
232,276
41,499
42.284
5,158,690 4,260,465
1,751,837 1,559,987
2,225,327 1,846,028
638,790
458,822
489,321
374,058
161,244
119,140
877,687
833,303
287,952
229,434
13,854,100 14,185,802
6,013,087 5,850,022
193,411
100.871
51,071
27,080
553,281
525,138
163,860
117,759
174,910
198,011
24.331
45,060
1,093,200 1,030.810
361,359
261,763
7,589,642
2,834,77<.
2,119,802
658,860
1,191,213
514,982
7,892,190
3,002,114
2,151,169
912.085
681,925
190,894
17,504
165,6«7 1,296,053 1,192,885
92,686
68,121
509,880
480,200
N. Y. L. E. &W.... Gross 1,985,366 1,561,721 12,442,415 10,219,869
606,861
Net...
370,555 3,409,285 2,039,991
Gross.
345,493 295,967 2,137,648 1,809,882
N. Y. & New Eng
120,3ti5
Net
109,744
701,009
548,135
2r)0,280
210,476 1,705,66a 1,417,606
Horfollc & Western .Gross
Net..
93,114
70,570
659,211
516,263
419,461 411,723 3,031,861 3,009,494
Nortliem Central.. .Gross
Net...
121,757
111,064
1,021,137 1,154,238
Northern Paclflo.....Gross. 1,100,026 1,000,011 6,087,283 5,606,441
Net..
534,527 ,549,414 2,704,773 2,470.224
Ohio & Mississippi .Gross. 335,431 281,799 2,066,152 2,020.215
Net...
110,963
84.623
531,921
469,337
Gross.
301,606 226,975
1,541,127 1,589,002
Oregon Imp. Co
Net
120,06 i
46,442
339,361
294,641
& St. I,.. Gross
and the
totals for 1884-85
and
RtceipU for Tear
215,25ti
Net..
Exports Tear ending Sept.
ending--
1,160,049
9,250,252 7,679,908
263,944
1,991,207 1,746,143
93,820
822,(103
612,539
2,641,852 16,183,986 15,352,056
1,138,067
6,349,851 5,857,205
1,364,030 7,728,239 8,000,1.52
df.14,320 dl.456,713 df. 172.402
298,117 2,478.349 2,213,550
87,022
812,591
809,166
71,659
627,656
569,178
9,339
271,073
109,839
Net...
Phlladelp'a & Erie ..Gross.
Net...
Gross.
I>hila. <fe Reading
Net...
P. & R. Coal & Iron .Gross.
Net...
Pittsburg C. & St L.. Gross.
Net...
St. Jo. & Gd. Isl'd... Gross.
Net...
Toledo AOhlo Cent.. Gross.
Net...
Gross.
Union Pacific
Net...
1,580,628
323,497
112,369
2,763,266
1,250,354
1.295,170
dI234,93V
396,523
143,411
80,672
21,327
67,759
21,036
2,442,058 2,304,990 14,048,145 13,529,520
981,724 1,012,759 4,143,046 4,287,416
179,858 169,506
725,497
West Jersey & Br's. .Gross
680.300
51,372l
72,522
Net...
249,170
230,254
* InoUuliuK 6S per cent of earnlnits and entire working expenses ol
I Mexloan currency.
the New York Pennsylvania A Ohio Railroad.
June.
Jan.
1 to
Name of Road.
1886.
Gross
Net...
Cairo Vlncennea (feC.Gross
Net...
On.
Ind. St. L.
& C. Gross.
Net..
CSeT, CoLCtn.
&.
Ind.Groes
Net..
Dayton & Ironton ..Gross
Net...
East Tenn. Ya. & Oa.Gross.
Net..,
OrossMaine Central
Memplils
&
Net...
CIia'Bt'n.Gross.
Net..
Mexican Mational... Gross.
56,430
4,949
64,890
13,407
193,667
84,836
335,741
135,876
14,083
def. 5,492
320,398
138,419
1885.
1886.
& Ev
IBome Wat. & Og.
Peoria Dec.
ISonora
Texas Pacific
.
.
Gross.
Net...
Gross
Net...
Gross.
Net...
Gross.
Net.
.
Stock
3ept.U
Sept.
1,
1888.
Louisiana.. 1.764.883
248,528
So. Car'llna
602,960
Georgia....
818,355
Alabama..
Texas
Florida....
No.Car'llna
Virginia .
.
New
York.
Boston
Baltimore
Phlla., &c..
783,371
54,143
168.356
810,792
56,8»2'
120,421'
66,058'
56,929*
Portl'd, &o.
S.
Sept.
1,
1885.
1,529,592
236,871
622,511
711,066
483,262
82,739
179,720
775,257
68,665'
Great
Chan-i
BrUain.
nel.
848,558
47,418
94.186
809,233
1,610
23,089
8,252
16,545
48,189
284,031
623,677 60,084
1,840
2,328
47,062
102,409
222,497
26
83,356'
42,440»
188,928]
5l),09»«
58,112
4,924
1,631»
Otlier
i^^oiK Foreign.
....
....1
186394
Fr'ndsoo
1,635
1888.
Total.
398,745 1,556,536 16,587
47,418
2.850
819,011
338,288
4,769
291,269 401,920
5,453
98,166 336,718
6,76a
26
23,184
73,213
163
27,330 313,689
4,607
216,618 847,341 107,869
2,711
189,837
8,015
33,883 172,412
7,661
4,808
62,ai0 11,107
4,924
953
953
TotalsThis year 5,306,686
8,668,798 61,694 409,984 1.313.616 4,343,991 173,728
Last year
4,778,199 2.412,281 66,228 403,762 1,058,2293,939,496 129,638
Prev. yr.
4,850,576
2,499,328 11,997 409,368
935,888 3,916,578 111,783
JW • These figures are only the portion
of the receipts at these ports which
anlved by raU overland from Tennessee, &c.
The foregoing shows that the
and Qulf shipping ports
year have been 5,396,686
year and 4,850,575 bales in
1883-ff4; and that the exports have been 4,343,991 bales, against
3,939,495 bales last season and 3,916,579 bales the previous
season, Liverpool getting out of this crop 2,558,798 bales. If
now we add the shipments from Tennessee and elsewhere
direct to manufacturers, and Southern consumption, we have
the following as the crop statement for the three years.
Tear Ending September
179,276
58,945
294,490
1,202,568
457,246
1,819,228
1,642,968
79,596]
576,960
323^55
115,267
84,853
14,190
173A30
162,7201
!;65,101
515,003
1,363,258
483,10<t
595,006
135,759
731,430
156,039
943,264
261,456
337,367
142,998
1,056,787
370,962
142,499
27,667
2,530,087
45,825
44,323
56,921
47,944
23,616
17,2741
233,036 140,931
90,553
48,468
22,216
22,382
4,394
3,796
403,069 371,483
df. 60,213 df. 23,785
Utica & Black River
Since April In 1880 tlje
I
mileage 655 miles, against 449 last year.
t
.•ililpments
1.
1883-84.
5,396,686
4,776,199
813,529
626,822
529,477
6,210,215
5,403,021
5,380,052
340,000
266.000
334,000
4,850,575
from Tenne8.see,
&c., direct to manufactui-crs..
Total
Manufactured South, not included
Total Cotton Crop for tbe
Tear
bales. 6,550,215 5,669,021 5^714,05»
The result of these figures is a total of 6,550,215 bales as the
crop of the United States for the year ending Aug. 31, 1886.
We now give in detail the processes by which the above conclusions have been reached.
Overland and Inter-State Movement.
extent, as the takings of our spinners have increased materiwhile the total yield of cotton is 881,194 bales larger than
ally,
1,149,024
380,654
103,63'.i
def.11,440
1,891,367
Receipts at the shipp'g p'rts.bales
Add
1884-85.
The marketing of cotton over the all-rail route shows further
This growth seems natural to an
progress the past season.
90
274,476
66,718
247,865
96,522
81,721
25,234
1885-86.
1885.
305,435
35,659
280,619
54,089
def.
total receipts at the Atlantie
this
bales, against 4,776,199 bales last
June 30.
def.
32,631
Net...
Oregon Short Line.. Gross.
Net ..
1 1888.
POBTS.
Pennsylvania (all lines east
of Pittsb. & Erie) .. Gross 4,356.677 3,685,105 27,606,811 25,004.698
Otdifomia South
1883-84.
44,63!
Net..
Nasli. Cliat.
OF
1,892,225
433,290
1,293,707
449,295
611,324
50,826
704,048
163,491
766,523
193,241
328,489
133,310
752,435
222,533
149,510
31,580
2,165,431
22'.',319
is Included, making
Mexican currency.
a year ago. But it will be remembered that tue previoua
year's overland decreased but very slightly (only 5-44 per cent)j
although tlie crop was a little smaller than the year before,
and Northern spinners' takings were about 9 per cent less, and
20 per cent less than they were two years previous; so that if
there had been no growth or very little now, it woiUd have
been no surprise. But instead of that being the case, according to the tables given below the gross movement this year
has expanded materially, reaching in fact the largest total of
any year in the record. This result would seem to estabthe cheapness of the all-rail route, notwithstanding
the higher freight rates by raU which have prevailed a good
part of the season.
The marketing through the Southern outports shows just
about such changes as we should anticipate would take plac«,
judging from the sections where the greatest increase in tho
lish
Skptembeb
THE CHRONICLE.
11, 1886.)
crop has been derived. For instance, New Orleans and Gal
TMton have not only recovered the previous year's loss, but
have nearly touched the highest total— the latter being due to
tbe larger Texas crop almost wholly, and the former in part to
the better yield in the Mississippi Valley, but in part also to its
new railroad connections. The percentages do not show the
changes, aa may be seen from the following statement of
pctcenttgee, giving tbe comparative position all the ports have
held as marketing centres for a series of yean.
291
1885-86.
A mount Skipped—
From St. Loola
Total groas overland
1383-84.
464,156
179,739
97,236
17,048
51.918
41,946
17.587
91.085
73,781
107,405
104,699
13,629
290,863
139,040
167,384
75,481
82,323
7,641
303,732
56,308
181,225
77,364
30.739
66,110
92.639
63,138
22,073
75,255
70,044
10,443
1,260,279
9(11,960
y)49,07O
300,300
255,191
416,392
68,767
64,084
46,260
237
3
5.420
23,164
Overminoia Central
Over Cairo A Vlncennea
Over the Mlaaiaalppl River, above St. L.
Over EvanavUle & Terre Haute
Over JellkraonvlUe Mad. t Indianapolis
OTerOhioAHlaslasippl Branch
Over LoolsvlUe CSnciunatl A Lexington
Beeeipta at Cincinnati by Ohio Blver.
Beoelpts at Cincinnati by Cin. Soath'm
Over other roatea
Shipped to milla, not incladed above
I
1884-85.
19,772
49,731
42.530
18,288
42,416|
56,488|
Deduct—
Beeeipta overland at N.T., Boaton.Ao.
Shipments between (or South from)
Weatem
interior
towna
Deduct aito ShipiHentt inland and Takingt for SotMtm Ovngun^tion
from lh4 fbUotrtng Oou thm a port*—
QalveatoD
New Orleans.
12,922
83.849
1,292
8,928
40,699
8,196
3,221
4,929
446.7S0
365,138
519,593
Mobile
Savannah
Charleston
North Carolina ports
Ttrglnia porta
latoo io(M)o!io»t)o
956
Total to be dedooted
418
9,047
23,989
1,160
8,059
2,936
11.332
930
In the above table we have only ftgoied what 'm called tbe
Lea Vina total net overland'.
813.5291 626,322 529,477
ntt overland, as the remainder of the jttm* amoont is counted
*
Thla total Inoladea ahipments to Oaaada by rail, which during 1885eitber at New York, Beaton, tCc., or at the Southern ports
where it flrrt appear* in reoeipta. Still, the entire gross '86 amoontsd to 47,946 bales, and are dedooted In tbe statement of conomption. In 1884-66 these shipments were 33,943 bales, and in 1883,amoont reaches a martet by aome aU-rail route, and hence '84.
98,100 batea.
in mwMnring the orerland we can only do ao correctly by
According
using the groig flgnres.
to the above, the total carried overland this year
To show, therefore, the progress
made in tbe movement ainoe 1874-75, we give tlie following was 1,960,379 bales, against 001,960 bales last year and
Matement of total crop and orerland, and percentages of 1 ,040,070 bales tbe previous year, and the movement direct to
inowas a and decrease of each for a scries of year*.
manufactarers this year reaches 818,020 bales, against 636,832
bales a year ago and 530,477 balee in 1883-4. This shows an
ieN4 DSWOM—
increase overlast year of 368,819 balee in the £rros» movement,
Ornpa/ \TolalTieU.
and an increase of 186,707 bales in the net mov/ment. We
Of Orop.
Of Ofrland.
now give tlie details of the entire crop for two years.
Per
l8a^-99....
1881-8S....
6,sao,su>
9,6«».0n
s.7i4,ma
i9n-9t....
1889-W....
01.
*m— 27-05
1.M0.S79
991,960
Im
I
Dmtmm
Dtrfut 1307
ijanMi
1.019,070
1.817,ai5
1.134.788
1,090;0«7
1.181,147
891,619
IffTT-TB....
187ft-77....
MltM6
69S,«tO
4,4«9.iS3
•a«38«
9-50
187&-7e....
1874-79....
4.««0,SM
3.833,M1
703,740
461.751
Intrwam 53-42
0,903.984
1881-82....
18«>-«1....
187V-90....
197»-7»....
Ckaacafroa
S.43ft3»
6.M943S
».7a73W
i
I
of "74-75 to 'S^96,
i
Iioolslana.
B'44
1885-86.from N. Orleans
TuforvlKn porta
1,556,530
ToooaatwiaeporU
360,013
Eii)ort«<l
tturtatOI-M
I
Tmtrtat*
4'10
n
7-71
Dtorta
I
Imerwam 32-47
/•MTfOM 38-54
8-01
Omtcom
/i
7093
7'11
n 7Vorttaem
and
~
liver
p<>rt/i,
IrM.—We have followed oar nsoal piaa of aMMtfaff Me* 6(ii( o/ eoUon
•I M« ttu lhmrmvulftH wtttn U fkrt trpimn. This Is a ilmpic rule
iVPirlac to flveir part of oar ammal Mttoa erop report. In tbis war
wo not oalj- pi Mon e the oDity of the report, and thatefore simplirr It,
bat
• a ooaaoqasaea aloe OMks
m
ii
J.—
mora InleUlcibte
aad !(•
nw the frsM eonfad overland we cooaeaaenUy
it
llabla to error.
StoAaleloae of year....
Dedutl:
Beedved from .Mnbllc...
BaoelTeti f rum riurldik,Ao
Beedved from Ualrestoa
and Indlacoia.
16,587-1,056,074
•
In overland
For
ootpotts to tbe North.
ftom XowOrieaao, Mobila, *«., fraqoaat ikipaMnt* an tbni
adtw aa aaeoaal of wUota U kept, bat M Is aU iaclodod In Ue crop of
Wow C saiw or Mobile,
as tta* oaae mar be, wben it appeam tben
aad tbf fotewbea the Moa ea«toa appeon a«aia la the overland. It
maM or eoorw be dedoeled. or It win be twloe ooanted.
IM*^.— We dedaet fleai overland. likowlM, the small amoant« taken
•c
7,210
10,037— 191,191
I
11.945
16,256-
184,261
1,529,592
1,764,883
we have dedooted
theae two items.
Alabama.
Exported from Mobile:*
-rtl
To
tiSilan pons
o iai t aiH
rts
^u
i
Manoflaetand
Stookattiloseoryear
Dedual:
Reoeipta from N. Orleans.
ReeelptM from Penaaoola.
Stockbeglnnlngor year..
47,416
208,380
43,830
303,146
1,219
ftSS
2,850— 259,865
874—
874- 248,936
47
12
10,453
10,007
Total pndoetet year
11,339
1,611—
11,665
236,871
248,526
Under the head of ooaatwiae ahipments from Mobile are included
21,430 balsa ahipped Inland by rail north and for Southern oooaompUon, wUob. with 1,319 bales looal consumption, wlU be found deducted
In the oveiiand movement.
*
Texas.
Exp'ted from Qalvest'n,Ac.:
To foreign porU (except
Tbey. aim. for
Mexico)
310,579
the saks of ontty aad MapUettr, ere eoootcd at tbe oatporti where they
To Mexico, from Oalvce*** appear. Bat, aa la wen known, the eatlze Soathem oooanmptlon U
ton, E«(de Pass, *o
26,139
aMds ap la an item by Itself and added to tbe erop. Hence, anlixw the«e
To eoaatwise porta*
400,466
lieu wUah thaa «o Into floalhem eoaoompUon (Tom the Bonthcm Burnt and maonractared
8t4>ck at olose of year
6,762— 743,946
d s^iiHid S
w b i iii, iher win be twiee ooanted.
DedueLfbarO^Wo tSm dsftiBi the anivaU dartag tbe year by raUfoaJ from
Received at Oalreaton
from New Orleans, Ao
7,509
the Wort aad Booth at Vew Tori^ Bootoa. Bommare. FblladelplUa and
Reoelred at
Kl
Pa«o
TmVaaA. Those leeelpu raaehed three porta by emaXng acroM the
from Oolvcatou
220
eoontry. and appear In oar weekljr t<Ttal«.{beromlni;a part of tbe receipt*
Stock beginning of year..
2,846—
10,575
at the porta, oader the heeds of " New York," '• Boaton." 4o. All thia
eeltea, than. bavM« beea seaated dnrln* the year, moat now be Total ptodoot of year
738,371
tr^ thoBoatbem
10.037-1,713,853
156,060
173.944
ifAaei, all
Uppod by roU froa aoattam
W
287
5,133
1,01 e
Total prodnet Of year
o
360,178
2.132
10,790
Amt'm 173-93
In determining this year tlie portion of the crop forwarded
by each of the different overland roates, we have introduced
new (eatoiea. And yet, to ptevant any minndeistanding^
we repeat our expUnation givenin pteviona rspott*.
1,338,218
Ac,
rail*
Stock ba^lBning of year. .
i
-1881-95.-
:'
oul#tirla far Sootheni eoaaimptlon.
MM
.
.
.
223,517
21.712
255,686
2,346- 503,761
10.634
6,996
2,829—
20,509
483,252
399,392 bales from OalCoastwise exports are made np as follows
With these explanations nothing further is needed to make veaton ami 1,074 bnlca from Indlanola, Ac, 501 bales received at
"j~.
Oftlvoaton from Iniilanola, *o., being eobsoqnently deducted. luoludad
niai.
7
I
pUiB •!.>
the *_it~^—
following ..*.*—statement1 ofi^il
the movement overland for [,„ coostwiae cxporu arc 237 bales carried from Galveston North by
the year andlag Bept, 1, 1098.
rail, which are dedooted in overland.
*
V
:
THE CHRONICLE.
292
Vlrslula— Concluded.
Florida.
1885-80,
.
.
Exported ftom Fernandlna, &o.*
:ioiorelguporui
,
,n
54,119
To coastwise
iwrts
Stock at close of year
Deduel
*
2—
82,730
£
82,739
54,143
.
TUoso figures represent tUls year, as heretofore, only
tlie
1883-86.
,
>
3,585
79,152
54,145
2—
Stoolc beginning of year..
Total product of year
—
1884-85.
,
shipments
Deduct :
Received from Wilmlngfn
other
from
Keceived
North Carolina ports...
Keceived from Newport
News, <feo
Stock beginning of year..
Total product of year
XUII.
[Vol.
—
.
1884-85.
401
2,384
49,691
54,673
2,977
_,
7,158
1,001-
.
178—
178-
53,247
810,792
.
.
65,216
775,257
* " Norfolk, .Sec." exports are made up this year as follows
To foreign
ports all the shipments are from Norfolk, except 66,209 bales from
West Point, <to. ; to coastwise ports all the sliipmeuts are from Norfolk, exempt 220,107 bales shipped from City Point, Kichmond, Peters:
from the Florida outports. Other Florida cotton has gone inland to
Savannah, Mobile, <fec., but we have followed our usual custom of counting that cotton at the ouiports where it first appears.
bales and 123 parcels
t In addition to these exports there were 1 ,754
cotton recovered from wrecked bark Gutenberg and shipped per steamer
Brcma to Bremen; but as the cotton had aheady been lucludel lu the
oxiwrts from New Orleans we omit it here.
burg. &a.
t Includes 29,749 bales shipped to the interior, which, with 10,95O
bales taken for mauutaoture, are deducted In overland.
Tennoaseo.
Shipments—
Kroiu Memphis
Georsia.
Exported from Savannah
I'o forcisni ports— Upland 400,437
1,483
To foreign ports— Sea Is'd
as,
317,874
17,515
383,316
21,307
TTpland
Sea Island
in Tennessee. Mississippi, Tex-
1,568
To coastwise ports
forciscn ports
To
coastwise ports
1,292
250
930
4,304
3,298
year—
1,149- 829,550
New
Upland*
Sea Island *
Stock bcElunlng of year—
L plana
Sea Island
551— 740,743
6,080
1,867
3,679
2,587
22,707
3,781
Shipped '.rom Nashville to
'
N;)rioll
oik. &a.
Sliipi'ed direct to
551—
16,195
91-
Upland!
Sea Island.
Expoit'd from Georget'n,&c
Burnt at Charleston and
177,151
5,698
2,354
169,866
11,306
1,884
626,822
1,113,829
882,013
Except 112,790 bales deducted in overland, having been pre-slously
counted.
Total product detailed above
by
States for the year endins
bales. 6,210,215
September 1.1880
Consumed
m the South, not Included
340,000
Total crop in the United States for the year ending Sept.
83
2,058
1,059— 526,301
3,213
<feo.
1,
bales. 6,550,215
Bales.
Tears.
Upland
Upland
255,191
813,529
29,677
Below we give the
336,515
3,470
2,583
300,300
tm'crs direct
1886...:.
3,869
526,505
5,926- 837,05!>
Ncw
Total marketed by rail from
Tennessee, &o.*
Is'd
Sea Island
Deduct :
Keceived from Florida
i
Add shipments to manufac-
Sontb. Carollua.
3,017
1,722-
813,529
11,392- 1,033,393
Total shipments to
York, &e
*
Upland
8,701
626,822
m.anu-
of year
These are only the receipts at Savannah by water from the Florida
oiitiwrts, and, being counted in the Florida receipts, are deducted here.
Besides these amounts, there have also been 13,307 bales Upland
and 15,021 bales Sea Island, from the interior of Florida, received at
Savannah during the year by rail.
247
58.338
10,031
NashvUle at beginning
*
other ports
Stock at close of year-
137,272
711,066
813,355
Exported from Charleston, &c.:*
To lorelKU poi-ts— Upland 332,417
101,463
106,978
Memphis and
Stock at
1,183
3,298
.
Sea Island
Kec'd from Savan'h,
&c
from Memphis to
Sbrfolk, <&c
facturers
Fccciv'd from Charleston,
Brunswick, &c
B.ceiredl'rom Florida
To foreign ports- Sea
To eouslwise ports-
Orleans,
Sh'r'Deii
48
New Orleans
product of year
1,393—1,092,25<>
4,252—1,333,693
Deduct
Shipped from Memphis to
9,467
16,262
Sea Island
Deduct :
Keceived from Mobile and
!^otal
615,077
744,897
viUoateudof year
.•
Burnt
Ml- rafactured
Stock at close of
Upli'id
&e
Stock in .Memphis and Nash-
Export'd tr'm Bi'unw'k,&c.:
To
434,281
41,500
543,949
41,595
Brom Naslivjlle
From other places
389,290
1885-8G.. .. 6,550,215
18 « 4-85.. .. 5,669,021
1883-84.. .. 5,714,052
188-2-83. .. 6,992,234
1881-82. .. 5,43.5,845
188(V81.. .. 6,589.329
1879-80. .. 5,757,397
1878-79.. .. 5,073,531
1877-78.. .. 4,811,265
1876-77. .. 4,4S5,.123
187.5-76. .. 4,669,288
1874-75. .. 3,832,991
1873-74. .. 4,170,388
1872-73. .. 3,930,508
1871-72.. .. 2,974.351
1870-71. .. 4,352,317
total crop
:
each year since 1837:
Botes.
Ytars.
1809-70... .
186S-69... .
1867-68... .
1866-67... .
3,154,946
2,439,039
2.498,895
1.86.1-66... .
2,228,987
1861-65...
1860-61... .
1859-00... .
1858-59...
1857-58...
1856-57...
1855-56...
1854-55...
.
1853-.14..
.
1852-53..
.
(
:
2,0.i9,271
No
record.
3,826,086
4,823,770
3,994,481
3,238,902
3,056,519
3,645,345
2,932,339
3,035,027
3,352,882
i
;
Bales.
rears.
1851-52..
..
18511-51..
..
1849-.'J0..
..
1848-49..
1347-48..
..
l-<46-47.
184.5-46.
184-1-45.
..
1843-44.
1842-43.
1811-42.
1840-11.
1839-40.
1838-39.
..
lt>37-38.
..
..
..
..
..
..
..
..
..
3,090,029
2,415,257
2,171,706
2,808,596
2,424,113
1,860,479
2,170,537
2,484,663
2,108,579
2,394,203
1,688,675
1,639,353
2,181,749
1,363,403
1,804,707
17,845
Sea Island
Stock betcinulng of year-
Consumption.
Upland
Sea Island
453
124-
2,058
—
Europe. There have been several features in the European
1,0593,790
23,545
cotton goods trade of the past year which command attention.
had been
502,960
522,511 It started with better hope, for the previous season
Total product of year
everywhere unsatisfactory all the way through. The common
* Included in the exports from Charleston are the exports from Port
explanation for that year's bad results was (1) overproduction,
Boyal and Beaufort, wliich were as follows this year- 1885-86:
(it is of course always overproduction); and (2) the rapid inTo foreign ports— 2,000 bales Upland.
crease in spinning power, a cause which would aggravate the
To coastwise ports— 8,882 bales Upland and 1,399 bales Sea Island,
spirmers' situation, but in the present case could hardly have prot Included in tills item are 8,928 bales, the amount taken by looal
mills and shipped to interior, all of which is deducted in overland.
duced it, since the amcuat of cotton spun had been declining
.
for
North Carolina.
Exp'd from Wilmingt'n,&c.:
To forci;,'!! ports
To coastwise port.s*
Taken
Burnt
65,862
113,119
73,213
92,192
481
for cousiunptlon
498
600
'
2,713
Stock nt close of year
Deduct
Stock beginning of year..
168— 168,767
411— 180,490
411—
770—
Total product of year
411
two
years.
was thought that the old conditions culminated with
the closing montlis of the old season. They had already existed
for two or more years, and it was during those closing months
that the shortened production of goods became everywhere such
a conspicuous feature. Poor trade was the basis for this stoppage
Still it
168,356
770
179,720
of spindles, but the short supply and high prices of the raw
material which the promise of the larger crop in the United
States was expected soon to remove, was the exciting cause
materially helped in Great Britain by the Oldbeginning in July, 1835, and not terminating until
the middle of October. It was urged as a favorable fact, that a
using up of the accumulated stocks of goods must have resulted during the summer months from this shortened manuAt all events, in view of the slackened production so
facture.
—a movement
Of these shipments 475 bales went inland by rail from Wilmington,
and with local consumption are deducted in overland.
*
•'^IrKlnla.
Exported from Norfolk,
dec,:*
To foreign ports
To coastwise ports!
Taken for manufacture
Burnt
Stock at end of year, Norfolk and Petersburg
313,689
534,893
10,950
345,450
488,347
4,530
1,968
4,507— 864,030
178— 840,473
ham
strike,
long continued, and during the closing three months so marked;
in view of the excellent food crops throughout the world in
1885, following similar agricultural results in 1834; and with
Seftexber
11, 1886.J
THE CHRONICLK
293
better supply and lower prices for the raw material in prospect for 1885-6, the outlook when the leason opened was generally interpreted favorably by spinners, and hence the better
market. In consequence, goodsshipped ti India are settled fo''
largely by an immediate cover of exchange, and the discount
required on an eight- months' bill, taking in the risks of a
further decline in silver, is so great that carrent quotations for
hope.
Bat this hope has come far from being folly realized. Were goods can scarcely be taken as a perfect guide to the results
we to judge from the current figures of cotton consumption, or of acttial transactions. It is not surprising therefore that aa
from the comparatively few idle spindles and looms reported, the season closes the reports respecting cotton manufacture
a pretty good trade would be presumed to have been in prog- in Great Britain are growing less in<tead of more cheerful.
ress; and it has seemed every week as if the full realization From many parts of the Continent also, the latest information
was all but within reach, so many conditions looking favor- is quite unsatisfactory. If we may trust the advices received,
In Great Britain the excuse given for the disappoint- it would seem that in Germany and Austria, and even in
able.
ment was, first, the Oldham strike, for the promise held out France, goods are accumulating, which is quite in contrast
was that as soon as it terminated everything wa5 to be with last summer's experience, when the short-t^me so
active and prosperous; next it was the elections at the close extensively practiced gave opportunity for using up old stocks*
This brief summary may, we think, be taken as fairly charof 18S3 that jvere the disturbing cause, and when they were
completed, beyond a doubt general business would start up, acterizing the state not only of the cotton industry but of
and the cotton Industry along with it; after that came the commercial affairs in general all over Europe. In what
prolific Greek difficulty, then the discussions ab^ut home- country of the old world is trade making satisfactory prog>
If any one lacks information on- that point let him
rule, then the new elections—each succeeding incident being ress?
•ore to mark the limit of the trade depreMion, and yet to-day, consult commercial circulars from every Continental State, or
•Uhongh the hope exists ns an object of pursuit all the same, interview merchants having busin«es connections with those
doea not the realization of a remunerative trade look even States. There are differences in degree but an absolute simiquality of the reports.
In fact, cotton
further off than it did a twelvemonth ago ? C<<nsumption of larity in the
ih the case a reasonable standard for a
are
cotton hM been since the early week* on a fair scale, increas- goois
They ought
judgment as to current trade.
ing
the year prograHsd, antil Utterly Mr. Ellison has been correct
estimating the weekly total for Great Britain at 73,000 bales, really to fare better than most any other industry and
They are
and for the Contineat at 65,000 bales, which if oorreet shows be one of the first to feel any revival.
and
that almost every spindle and loom in Earope must l>e in the clothing of the people, now cheaper than ever
motioa ; (arthermore, cotton manafactsrers have much of the after threa years of economy in production with prices
tlnw been doing pretty well apparently, while yam— and this declining, it would be natural even in dull times if a
larger quantity had
gone into consumpie the fact to be noted— Itaa during the same time sold at prices considerably
which can soaroely cover oo&L A« this latter has been a tion ; especially is this conclusion justified with crops
prominent condition through the moet of the year, it ia worth in these same countries very good for two seasons. All
while to bring th^ facts forward coaeptooonity, since lh<>y are that the year shows, however, is a little more raw material
illustrative of the disocganlMd atate of the trade, and we taken by spinners, and, if we accept current figures, a little
might say of almoet every trade, for tliere Is hardly one, even more manufactured, following the summer idleness of a year
ago which a fear of a cotton fdmina enforced. Yet to-day, as
the more promising, tliat haa not its lU-favoredapota.
the season closes, the common complaint comiiig up from
inl^S^-A. almost every quarter is, profits decreased if not wholly wiped
out and goods not fully consumed but accumulating.
give so much prominence to these faots, because it is
impossible that there should be such a prolonged industrial'
torpor, common in greater or leas degree to the commerce of
the world (the United States suffering least for reasons we
shall presently state), without having a common cause. A year
ago we called attention to the same condition, and a year hence
we shall have to call attention to it again, for the world's
industries will be disorganized, and business will drag, so
long as Europe sees fit to pursue the policy of forcibly molding and fitting the world's commerce to a specie basis of one
half the extent it has grown up under and been adjusted to.
As we said last September, we repeat now, that a partial,
a
M
;
We
temporary revival due to temporary influences may intervene.
The revival of trade in the United States, for instance, ought
undoubtedly in some measure to help European industries.
For we have at present quieted our currency fear (which up
was preventing progress and driving gold from
so that enterprise for the time being has freer play in this
new undeveloped country. And just as in 1380 and following
years, Europe started up from its depression in the wakeof the
to July,'l88o,
us),
•Bicker.
The above
of oonrse not given as an indication of the
bet ween yam and ootton, for that could only
new industrial energy displayed here, so it may now happen
lie aocnmteiy stated by quoting in eaoh case the quality of
again, only the spurt is likely to be shorter and less positive.
ootton out of which a specific quality of twist is manufacBut unless some such temporary cause counteracts or suspends
tared.* Bat if we may assume, as was at the time asserted,
for a time the action of the forces which are disorganizing
that the short tims movement last summer, represented
commerce, the tendency of prices of commodities and producreiatiom between ootton anl yarn as nnsatistaotory as could
tions (except in case of short crops and consequent short
well exist, tliese Ogorea most certainly Mugaet • very straitsupply) must still be downwards in the Old World, and while
For
ened etate of the spinning indattry in Great Britun.
that continues the public capacity for consuming goods must
iBitanos, tliedifferaace between middling upland cotton and 83
be restricted.
twist a year ago averaged aboat 3^d. per pound, whereas
The special interest these remarks have in this review, conthis sammer it has averaged lees than 3^d.; so that if
For so far as progress
sists in their bearing on future trade.
there was not tlien a greater profit in spinning tlian was at
in the world's consumption of goods may be arrested, cotton
that dateclaimed, there most be a oonsiderable loss now. Cloths
and cotton producers are affected since if we
Aow Boch better in the above, which accounts for the greater production
cannot look for any great increase in consumption by Europrosperity of manufacturers during the season. But at prespean spinners, we must not expect eager buyers of the raw matent the whole trade is especially suffering from the prolonged
erial except in case of a clearly short supply. This has been the
decline in silver and thedentoralisition of the India exchange
origin of the disappointment in our markets for the raw mate* Ws aetlea that Kr. MllnB glvni 9)t<L t« i^mi. m the inarrln
It will be the limit to our hopes
rial all the year through.
•oUoo aa4 SZ-twlM, that will Blinut ooror ooat of manuritctnre and
expectations as to price the coming year, except so far as
lMlB( stated as • priM whiob" wool 1 not b« unial«inr to
the home increased consumption and the change in production
tn ih« old Bills, aad Iba latter as (anioleiit for tlia belt
may vary the surplus supply for export. That the reader may
actoal
awgln
ia
;
THE CHRONICLE.
294
have the results of previous years' consumption as a comparative measure of future expectations, we bring forward our
usual table. In explanation of these totals it should be said
that the European figures for the last seven years are from Mr,
that those for previous years were prepared
Nourse in 1878, based on Ott Trumpler's
record of spinners' takings and other data; that the United
Ellison's circulars
for us
by Mr. B.
;
F.
own compilations made up from our
These figures, we repeat, are not the takings
of the mills, but the actual consumption, and are all
expressed in bales of 400 lbs. They are as accurate for the
whole period as the record can be made, the best proof of
their accuracy being found in a subsequent table of cotton
production and distribution.
States totals are our
annual
reports.
Europe.
United States.
Total
ConswnptUm.
Balea 400
lbs.
Oreat
ContU
Total
Britain,
nent.
Ewrope
yorth.
2.560,000 1,703,000 4,263,000
746,000
894,000
965,000
913,000
2,663,000 1,584,000,4,247,000
1,906,0004,711,000
1,009,000
2,805,000
3,016,000 2,057,000,5,072,000 1,108,000
1866-67
1867-68
1868-69
1869-70
1870-71
1871-72
2,360,000 1,730,000 4,099,000
2,465,000 l,4ei,000;S,926,000
Total
South.
World.
U. S.
76,000 822,000,5,085,000
65,000 959,000 5,058,000
88.000 1,063,000 4,B7il,000
99,000|1,012.000 5,250,000
100,000 1,109,000 5,820,000
132,000 1,240,000 6,812,000
since our crop
is generally stated in ordinary bales, while in
our bales are so much larger than the average as to
make a comparison in ordinary weights misleading. Last
year for the first time we incorporated into this report a
table covering these and other matters, which we had prepared
for our own use. Ttie figures are so arranged that not only the
cotton which goes to Europe annually is seen, but also what is
done with it after it gets there that is what is consumed and
what goes into stock and as all is stated in uniform bales of
reality
—
;
lbs.
3,038,000 2,509,000 6.547,000 1,55S,000
3,116,000, 2,271,000 5,387,000 1,824,000
1-5 Deo.i23-5Ino. 8-4 Inc. 34-7 Inc.
9-9 Inc. 31-8 Inc. 13-8 Inc.
1873-74.,
8,128,000 2,084,000|6,192,000 1,299,000
3,088,000 2,240,000 5,828,000 1,169,000J
1874-75
1875-76
1876-77
1877-78
3,176,000,2,403,000 5,579,000, 1,344,000
8,183,000 2.878,000 5,581,000 1,418,000
Aver. 6 years.
Per cent 6 yrs.t.
157,000 1,481,000 6,868,000
each, the
becomes a very useful
of
test of
nearly stationary during the entire period, varying of course,
within certain limits from year to year, with tlie natural
variations in weather and growth. This means that the United
States has supplied and must supply in the future any increase
in consumption,
WOULD'S supply and DISTRIBrmON OF COTTON.*
Balance of Year's Supply
]
Crops.
TiMble
1
152,000 1,809,000 6,425,000
141,000,1,440,000,6,632,000
159,000,1,338,000 6,656,000
159,000; 1,508,000 7.082,000
161,000 1,579,0007,140,000
167,eo0 1,725,000 7,272,000
3,084,000,2,032,000 5,116,000 l,167,000l
column
stocks visible and invisible
any figures of European consumption. A fact of importance which the statement discloses is, that the supply from India and other countries
(taking each six years' average for comparison) has remained
400
Total
and
Actual
Supply
Uniua
91,000 1,083,000 6,419,000
Aver. 6 years. 2,646.000; 1,740,000!4,S86,000 939,000
Percent6yrs.*. 17-8 Inc. 20-8 Inc. 190 Inc. 48-5 Inc.J76-3 Ino.|50-9 lnc.:24-l Inc.
1872-73
LVol. xliii.
begin^iig\
of year.\
End
of Year.
Burnt,
Cton-
Total
Crop.
of Other
Cowntrls
states.
sumpt'n.
Invisi-
Visible
*c.+
I
ble.
1866-67. 2,349,000 2,230,000;2,178,000i 4,408,000 5,085,000! 1,400,000: 219,000
58,000
1867-68. 1,619,000'2,-18.000 2,107,000i 4,825,000 5,058,000; 1,280,000
1868-69. 1,338,000 2,052,000 2,564,000 5,216,OOOJ4,979,000! 1,260,000' 260,000
1809-70. ,520,000 8,431,000'2.113,000 5,544,000 8,259,0001 1,350,000 375,000
;
1870-71. 1,725,000 4,733,000 2,028,000
1871-72. 2,578,0C0 8,241,000 3,036,000
6,758,000 5,820,000 1,690,000
6,277,000 6,312,000 1,785,000
Aver'ge
6,6(W,000|5,419,000|
13,167,000 2,337,000
63,000
48,000
55.000
80,000
882.000; 85.000
668.000; 90,000
56,000
j
I
2,843,00ol2,596,000 6,439,000 1,615,000
3,360,000|2,750,000 6,100,000 1,779,000
1878-79
1879-80
1880-81
1881-82
1882-88
1883-84
3,572,000 2,958,000,6,528,000 1,884,000
3,640,000 3,198,000 6,838,000 1,931,000
3,744,000 3,380,000|7,124,000 1,993,000
8,686,000,3,380,000 7,016,000,1,865,000
169,000 1,784,000 7,223,000
202,000 1,981,000.8,081,000
234,000;2,118,000 8,646,000
268,000 2,197,000 9,035,000
382,000[2,875,000 9,499,000
'
;
301,000 1,909.000 8,680,000
388,000'2,278,000 9,218,000
gives the Increased percentage in the consumption of 187172 compared with the consumption of 1866-67.
t This line gives the increased percentage in the consumption of 187778 compared with the consumption of 1872-73.
X This line gives the increased percentage in the consumption of 188384 compared with the consumption of 1878-79.
§ The figures for European Consumption for 1884-85 will prohably be
Ohangedslightly by Mr. Ellison when he makes up his October annual.
The tottJs we give for that year are the totals as they appeared in hi
* Tliis line
last October circular.
from the
for 1885-86 will also differ somewhat
our total Includes an estimate for September.
however, substantially correct.
The above
final results, as
All of the figures are,
It is interesting to note the progress of cotton spinning in
the world since the close of our own war, which the foregoing
statement so clearly marks, beginning in 1866-67 with abaut 5
million bales of 400 lbs. each and reaching its culminating
point in 1883-83 when the total was about 93^ million bales of
same weight, being an increase of 4}^ million bales or about 90
per cent. Looking at the growth in six-year periods we find
that the total consumed in the first six years was 33J^ million
bales (with an increase between the first and last year of that
period 'of 24 '1 per cent), in the second six years 41*^ million
bales (with an increase between the first and last year of that
period of 13-8 per cent), and in the third six years 53 million
bales (with an increase between the first and last year of that
period of 28 '6 per cent) showing no great difference in the
percentage of growth during the first and last periods. But
perhaps the point of chief interest to our readers because
of its more intimate bearing on the future use of cotton,
is the fact that European consumption was during the past
year only a little in excess of the consumption in 1881-83, showing a loss since 1883-83 of 184,000bales, or about 3,500 bales
per week.
As this loss covers three years of increase in
population and of economy on the part of consumers, there
would be good reason for expecting active trade now, and a
pretty safe basis for anticipating a large resumption of work
the coming season, were the present depression an ordinary
case of overproduction, rest and recuperation.
further point, and one of chief practical interest to us in
considering Europe's use of cotton, is the source of Europe's
supply of the raw material. In a general way this is familiar
to our readers. But the distribution of the supply as a whole
is very
even the total relative
imperfectly understood
contribution of the United States is not appreciated by many,
—
A
;
1875-76. 2.324,000;5.171,000 2,018,000
1876-77. 2,346,000 4,933,000 1,897,000
1877-78. 1,961,000;5,425,000 1,506,000
]
729,000; 74,000
848,000' 80.000
6,525,000 6,656,000 1 ,619,000 705,000
7,189,000;7,082,000 1,732.000 614,000
6,83O,000j7,140,000;l.S18.0O0i 643,000
6,931,000;7,272,000 I,214,0O0! 328,000'
70,000
85,000
75,000
80,000
6,793,000 6,868,000;
77,000
,
,
;
Aver. 6 years. 3,469,000 6,043,000 8,512,000 1,845,000 272,000,2,117,000 8,620,000
28-9 Inc. 30-2 Inc. 295 Inc. 155 Inc 121-3 In. 25-8 Inc. 28-6 Inc.
3,447,000 3,224,000 6,671,000 1,608,000
3,600,000 3,340,000 6,940,000 1,890,000
;
1
6,366,000,6,425,000; 1,591,000
6,917,000 6,632,000 1,682,060
879,000 2,244,000 9,290,000
Per cent 6 yrs.S
1884-855
1885-665
1872-73. 2,453.000 4,283,000;2,083,000
1873-74. 2,320.000 4,597,000 2.320,000
1874-75. 2,525,000 4,216,000'2,309,000
Aver'ge
4,771.000 2,022,000
;
1878-79, 1,510,000;6,637,00D 1.898,000
1879-80 1.267,000 6,550,000 1,894,000
7,035,000 7,223,000 1,068,000
1.548,000 7,519,000 1,837.000
2,168,000 6,073,000 2,510,000
9,356,000 8,640,000 1,922.000
246,000! 90,000
8,583,000:9,035,000;1,S82,000
254,O0O| 100,000
1,616,000|8,068,000|2,350.000 10,408,000 9,499,0001,704,000
8,919,000] 9,290,000 1,505.000
434,000' 96,000
1880-81
1881-82.
1882-83.
1883-84
Aver'ge
2,405,000 6,485,000 2,434,000
1
,
8,450,000! 8,081 ,000 1 ,499,000
1
;
199,000; 85,000
40,000
]
88,000
701,000120,000
96,000
.77!^ 6721,00OJ2,O71,0O0! 8,792,000 8,629,000
1884-85. 1,939,000 6,420,000,2,007,000 8,427.000 8,680,000,1,230,000 466,000. 90,000
1885-86. 1 ,696,000 7.480.00»2.214.000l 9.694.000 9.218,000 1.210.000; 851.000^108.000
'
"To
illustrate the
above take the
last season, 1885-86,
a«d the
results
would be as follows
and Invisible stock beglDnUig of year
Total crops during year
1,696,000
9,691,000
.Suppii/— Visible
Total supply-bales of 400 lbs
I»atrU)U(ion-Total consumption
Burnt, &c., during year
Leaving visible stock
Leaving invisible stock
11,380,000
9,218,000
108,000-9,386,000
1,210,000
854,000
—
2,064,000
Total visibleand invisible stocks at end of year
of this mode of stating the supply and distribution is
that it furnishes a complete check to estimates of consumption.
t This column covers cotton exported to Mexico, Caniida and other
The usefulness
by the figures of consumption, and cotton burnt
on the sea, and in Europe.
The ah>ove shows really a slight retrograde movement in the
production so far as other countries are concerned, the average
supply from such sources for the first period (1866-73) being
3,337,000 bales of 400 lbs. each, the second (1872-78) being
2,033,000 bales, same weight, and the third (1878-84) being
3,071,000 bales but the United States during the time has increased its supply from an average of 3}4 million to e'.^ million bales, expressed in bales of the uniform weight of 400 lbs.
or taking the extremes of the United States crops we have
about 3>^million [bales of^ 400 lbs. each in 1888-67, against 8
countries not covered
In the United States,
;
million bales of 400 lbs. each in 1883-83.
United States.
—With regard to consumption in the United
that has been said in speaking of Europe is more
or less applicable. And yet there is one marked difference,
which is that during the past year the condition of the trade
States,
much
has improved to such an extent that as the season closes
there is a marvelous contrast with the situation of fourteen or
more months ago. At the present time, taking the trade as a
whole, labor is occupied, the looms and spindles are all busy,
stocks of goods are small, the margin between cotton and
cloth is fair, and consumption is going forward at an accelerating rate. In a word, although there is no speculation and
no excitement either among
sellers or buyers, there is a quiet,
healthy regular demand for goods, ju8t about taking up the
monthly out-turn of the mills.
SxprzMBKR
THE CHRONICLE.
11. 188e.J
296
Now let thoee who desire to profit by the teaching of cuirent
eTenta oontraat this condition with the situation in the winter
and spring and early sximmer of 1885. Those were atx>ut the
darkest days the cotton goods trade eyer experienced in this
country ;— labor was indifferently employed, not much more
sure was sufficient to quiet that fear and therefore permit partial revival, it is easy to see that silver-dollar coinage (which
was and is the basis of the Treasury embarrassment) keeps the
danger alive and consequently restrains enterprise so long as
such coinage is continued. With the late fall of silver bullion
than three-quarters of the spindles were in motion and some
of the time leas, the auction room was the mart that producers
had finally to resort to, and in spite of it all goods kept on constantly accumulating. Those are facts which no one will dis-
low price, making the silver dollar worth in gold
only about 73 cents, confidence is just so much the mora
easUy affected on this account Is it too much to urge therefore,
in the interest of commercial prosperity, that every man who
reads this review will lay aside other issues and will see that
no Congressman or United States Senator is elected this fall
by his vote who will not favor the suspension of silver-dollar
coinage until the dollars now in the Treasury can be put into
circulation? We do not object to having all mafe that the
people will take; but our industrial success requires that they
should be limited strictly by the demand which exists for
them.
And here let us remark that there never was a people with
the opportunity so ripe and the conditions so favorable for
One is apt to
active development as we are to-day.
forget unlees he stops to think how fast in tlus new
country appliances for reproduction multiply. Population _
while we liave l>een resting has been added to at the rate of
about l?i millions a year. We showed not long since by carefully prepared statements that since 1880 our population had
increased 11 millions, which would make the total in 1888
about 61 millions, or a growth in the number of producers of
one kind and another, and in the number of consumers of
Diuing the same
clothing Ac of 30 per cent in six years
period there have been sold of public lands by the Oovemment
(that does not include sales of railroad lands) 87,000,000
acres, and railroad mileage has increased 42,000 milee,
the most of this new mileage opening up new territory
and bringing it within reach of a market. Besides, since 1883
we have been liquidating, resting, recuperating, economizing,
saving surplus earnings, and piling up unsatisfied wants. Is it
any wonder under such circumstances that the moment the
fear of currency disturbance was even temporally removed,
that consumption, which had l>een so long and unnaturally
checked, should again start our spindles and furnaces into
It is also a very important fact to bear in mind, that
pute.
erery stimalant to trade except one was just as active in the
wintv of 1883 as it was oa the first of July of that year. In
tmtb the snrroandings were of a more eneoaraging nature
at the former date, becaoae then we had before as the usual
pcoepect of good oropa when the time for them should come,
whereas on the latter day official figures reoocded one of the
moat disastrous failures of the winter-wheat crop we have
had for many a year.
How then can this marvelous revival be explained, for does
it not become every one who raises cotton or produces goods
to MUisfy himself as to the cauae, which, in face of such facts,
fint prevented and after that made this change in our industries
poaible. Full prosperity has not returned, and we do not
look for it, becanae as we interpret events, the evil which was
opfiressing oar indnatriee, holding enterprise in check, has not
been removed bot is only kept in abeyance; the catastrophe
wfaioh stiomod ao imminent in 1884 and the Ant part of 1885
having been simply pos^oned,or for the time being made
impoMible, by the action of the Trearary Department.
We have not the spaoe here to introdooe the proof of
It is saiBoient to say that daring each sucthis statement
oeeding month in 1884 and in the Orst part of 1885,
appeared more and mora probable from tlie nature of
it
tlie United Statea Tiuaauij reoeipfei that the Government
would be shortly forced to adopt silver payments ; that is to
say, the choice between silver and gold which every creditor
had enjoyed from the day specie payments were eetablialied waa obvioaaly becoming day by day lea aastired, and
moat aeon be poadbU no longer. The imminence of this reverse
is apparent when we say that th* demand for silver by
the people had been more than satisfied by the inues theretofore made, so that the silver dollar waa being returned by
them to the Oovemment, that is was coming into the
Treasary faster than it ooald be paid out. No one needs to
be told that the end of such a process as that to any treastury
having a quantity of iilTer and a quantity of gold, with daily
reoeipta and disbommenti, ia the turning of its whole (uri)lu8
into sUver. And this ia what the body of the public having
property to protect saw waa orerfaaaging the coantry, so that
not only enlei |Hlee became impoarible, but the most of those
poMcaing money were luwilUng to spend or even loan it
freely, preferring to keep it in sight against the threatening
eviL As a natural conaequence, savings and deposit banks
and trust companies were full of funds with interest merely
nominal (going down one month to
ol I per cent a year),
rejecting through lack of confidence all but the shortest
Investments on tuidoabtcd Moarities.
Relief, as is well
known, came through an attention in the p roccsees of the
Treaeory department made in ICarch 1889, which, though
giving promise of success, did not prove its efficacy until
about the first of July of that year, when it became obvious
that the oliaracter of the Treasary reoeipta had clianged, that
the Oovemment waa again in command of the situation, and
that it could continue for a considerable time at least to
give the option to every creditor of gold, silver or legal tenders,
as it had all along been doing.
We liave made these snggestlons here, where they will be
lend by very many who are not constantly our readers,
because they seem sqtedally pertinent; for no people have
offared more from the evil referred to than cotton producers,
iiiiM the return to the planter for his raw material must al ways
depend upon the relative growth and expanaion of the cottonapinn i n g trade, which it is scarcely necessary to say cannot progress when oonlldance is disturbed. The change in the industrial outlook wliioh has taken place in the United States,
and how it was brought about, we have already explained. That explanation however shows tliat the cure is not
complete, bat points clearly to a further hindrance which still
•xistB, preventing free, unfettered prosperity. For if fear of silver payments on the part of the Oovemment so long held our
indostriea in bondage, and if action which relieved that pres
^
to its very
I
active operation?
a great satisfaction to know that our cotton mills
work but that they are beginning to make
money, though so far only in a small way. The burden of a
surplus production constantly accumulating to be carried and
finally marketed at a sacrifice, had become a year and more
ago surprisingly generaL Not alone was it true of the cheaper
four-yards shirtsorts of goods but of the finer makes as well
ings, standard sheetings, drills, &c., kept accumulating in
stock, the market refusing to take the surplus except at forced
sale and at prices that left a loss. Now, on the contrary, the
market is steadily absorbing the increased production, and
values have so far improved as to turn the result to the manufactarer from loss to profit. And yet we should add tliat there
are mills in good working condition, which have not earned a
dividend of even 3 per cent in any six months of the last 3^
to } yaar«,^thowing that though the change in the situation is
radical and very promising, the margin for profit is still a
narrow one. On the other hand some new specialties in drees
goods have been very profitable, a fact which explains certain
exceptional dividends. The danger to the manufacturer now is,
in pushing the advantage obtained too far. Our industries cannot be permanently and safely established and free to expand
fearlessly ao long as our currency is not rectified.
Under the
present circumstances, larg^ profits can only mean higher
wages, inaeased cost of manufacture, larg^ imports of goods,
and then such an outflow of gold as will again disturb confidence. Perhaps this round of events cannot l>e avoided, but
if not, these incidents as a whole will hardly make a long
It is also
are not only at
—
cycle.
In no department has the change which the past season has
witnessed been so complete as in print cloths. The reader
scarcely needs to be reminded of the wretched condition to
which that branch of trade had fallen. During the previous
two years, and especially in 1884 a5, the situation of the mills
had become almost unbearable. How under the circumstandes manufacture could be continued was a problem to the
outside observer, while to the manager the problem seemed
to be how production could be decreased in cost and amount,
and the relations between cotton and cloth improved, without
stopping his
own
mill.
Very naturally stockholders
fretted
THE CHRONICLE.
296
fVoL. XLIII.
The following will further help to illustrate the relative and
over the position of affairs, blaming those in control, though
improved condition of the manufacturer this year.
every device and antidote was resorted to, both lower wages
and short-time, but neither in a heroic way, the latter being
1884.
1885.
:886.
spasmodic and partial and the former so as to irritate but not
1
net.
Jan.
Jan. 1, SMnet. Jan. 1, S^ net.
6^
relieve.
Still it is always ea^y to criticise. Probably the whole
Southern 8 yard sheetings. <
Sept. 1 SKnet. Sept. 1, SH net. Sept. 1, SH cet.
truth is, the times were so out of joint that temporary exJan.
OH
Jan. 1, 6
Jan. 1, 8X
pedients were for the time being the only feasible resort. As PeppereU R flue sheetings < Sept.l, 9M
Sept.l, 6H
Sept.l, 6
a result of it all, stochs of goods kept piling up and becoming
Jan. t, tO>i
Jan. 1, lOK
Jan. 1 lOH
Wamsntta 4-4 bFch. cot'ns Sept. 1,
10}^
Sept. 1. 10)i
Sept. I, lOK
more and more burdensome. These conditions prevailed until
Jan. 1, TH
Jan. 1,
after the beginning of the present season. Since then, how- Lonsdale 4-4 bleach, cott'ns Jan. 1, 8M
S}<
Sept. 1, 8
Sept. 1, 8H
\ Sept. 1.
ever, the improvement has been almost uninterrupted, so
1,
that the trade as the
new year
opens
in excellent shape.
is
A good illustration of the change in the situation,
The
carried.
is
man-
ufacturing centers on September 1, in 1883, being 693,000
pieces, in 1884 being 1,453,000, in 1885 being 1,056,000 pieces,
and in 1886 only 343,000 pieces. We here add the daily prices
18S5, TO AUG. 31, 1886.
1,
I.
5H
Sept.
1,
Bii net. Sept. 1,
i
Jan. 1,
Sept.l,
the stocks
total stock of printing cloths at the several
for print cloths during 1885-6.
OAtLT PHICES OK PKINTtNO CLOTHS FHOM SEIT.
Jan.
\
64x04 4-4 bleached cottons
Day.
standard fancy prints
Shirting prints..
{
net. Jan.
SH
1,
Jan.
1.
5
G<^ net.
Sept.
1,
SKnet.
net.
net.
6
Jan.
1,
1,
Sept.
1,
6
6
Jan.
6
Sept.
1.
6
6
Jan.
1,
Hi
Jan.
1,
4«
Sept.
1,
Sept. 1.
4«
Jan. 1, 5
Sept.l, 6
" net" subject to a diiujouut of 5 per cent
on plain cottons (except Wamsutta, in which case the discount varies,
having ranged this season from 5 to 7's p^r cent) and 8 to 10 percent on
Note.— Good-s not marlced
prints.
There is only one other branch of the cotton goods industry
which remains to be referred to we mean the export movement, which this year shows some increase. It always does
show increase when for a time the home trade has been very
bad and stocks oppressive, so that prices of goods touch a lowfigure and this is especially true when the raw material is
also very cheap. All these facts have in a greater or less degree
been present in the conditions of this year, and as a conse;
•
3-23 309 S. 319 n. 3-38 3 19 313 3-19 319;3-25 8.
3-.3>3-o» 3-25 3-19 313 3-31 3-17 313 8. 319|3-25l3-3'i
2
3-23 3-09 U. 3-19 s. 3-31 3-17 313 3-23 319|3-2oi3-38
3
3-23 S
319 3-19 3-13 3-27 319 8. 3-25 3-lH 8. '3-38
4
3 21 30G )-22 319 3133-25 3-20 313 3-25 319 H. 13 38
5
^.063-2. S, 313;3-25 3-20 3-13 3-25 8. 3-25 3-38
6
S.
3-21 306 3-22!3-19 319! S
7
313 3-25 319'3-2.-) 3-38
3-21 306 S. 319319J3'25 3-20 313|3-25 3-19 3 27 8.
8
3-19l3'06 3-22 3-19i3-20 3-25 3-22 3-14! 8. 3-22 3-30 3-38
9
3-19 3-06 3-19!3-l» S, 3-23:3-22 3-14'3-25 3-22 3-30 3-38
10
3-19 S. 3-19 3-19|3-25 3-23 3-23 8. l3-2ft 3-22 8. .i-38
11
3-13!306 J-l!t 3-19 3 25 3-23'3-23 3-14 325 3-23 3-30 3-38
12
S. |3-(>4 3-! 9 8.
3-25 3-23 3-23 3-20 3-25 8. 3-31 3-38
13
313!3-04 319 3-19 3-25 S.
3-25 3-23 3-2B 3-31 3-38
14
8.
15
3-13I304I 8. 3-19 3-25 3-23 3-23 3-25 3-23 3-23 3-31 8.
3-19
3-25 8. 3-23 3-31 338
16
3-25
3-2213-23
313|304;3l
313 3-04 3M3 319 S. 3-20l3-23 3-22 323 3-23 3-31 3-:-i8
17
3-13
3'16
3-22 3-23 8_ 3-38
313
3-25
3-23
18
S.
319
8.
3-13 304 3-; 3 316 3-25J319 3-23 3-22 3-22 323
3-38
8-25i3-19!3-22
3-04
3-20
3-22 8. 3-33!3-38
8.
^::::;::;:::
313 8.
•33I
313;3ii4 3-13 316 3-25| S.
21
8. i3-20 3-22 323 3-3813-38
22
309 301 S. 3-13 3-J5; H. :3-20 3-20 3-22 323 3-38: 8.
US
309 3()4:313 3-13 3-31 3-19I3-19 H. 8. |3-25 3-383-38
3-09 304313 3-14; S. 1319 319 H. S-22 3-1^ 3-38 3-38
24
3-09 8. !3-13 H. i3-31l319|3-l!> S>. 3-1 3-25 S. i3-38
25
26
309 3-12 H. 3-13i3-38 3-19i3-19l3-20 3-19 3-25 3 38 3-38
3-12 3-:3 8, 3-38 319 317 3-20 3-19 8. 3-38 3-38
27
S.
28
3 09 312:3'13 313 3-38 S.
8. i3-2<) 3-19 3-25 3-38 3-38
309 3-12, S. 313 338 ....3173-20 3-19 3-25 i-38 8.
29
30
3 09 312313 31> i'i-i .... 3-13 3 20 8. 325 3-38 3-38
31
3-251 .... 313 8.
....'3-13
3-38|3-38
H.
1
i
;
The foregoing
is
see at a glance the relative position of goods
We have to
limit our
list
and cotton for a
makes of
to leading
goods as we have no room for more, and give therefore only
standard sheetings, Lancaster ginghams and printing cloths,
the first of each month for the pist three years. We would
especially call attention to the change in situation of printing
cloths.
It will be seen that since the earliest months, producers have during the entire season had cotton at l@3c.
per pound less than in 1881-5, and have received a higher
price, latterly averaging more than '^c. per yard {\%a. per
pound) more for their goods. The relative stocks of print
cloths given above and this fact as to the relation of prices to
the raw material, are a pretty accurate guide to a correct
judgment as to the change in the position of manufacturers
in that department of the trade.
Year Ending with Aug. 31-
I
9>
1885-86.
1881-85
^
"•8
viw'S.i-s*
8
s^S
;
-8
°5
:
§1
to
Sept..
Oct...
Ots.
9i»,e 7
9\ 7
7
Nov.. 9ie
6%
Deo.. 9
Jan.
813i8 6%
Feb.
8% 6%
Mar.. 8'16 e\
Apr.
8\ 6%
G\
May.. 8 '8
June.
6%
July. 8i»,a 6%
.
ing the low prices. We wish we could believe this expansion is
a permanent growth, but we are compelled to look upon it
simply as an outcome of the peculiarities of the season.
Until we have modified our laws in some degree, we cannot
expect to become a shipper of goods to any large extent.
The following is a summary of the movement for five years.
Ots.
ots.
714
7>4
3-23 109i6
714
714
7I4
3-25
Ots
7>4
7-4
Cls.\ Ols.
CIS.
CIS.
7V
7M
1013i,
7>4
714
7'4
10i3i«
7H
3-27 9\
Ttl 3-19 10>4
7>4 308 103,6
7I4 3-19 103,8
7\ 319 103,8
7J4 311 103a
7>4
7M 312
7H
7>4
309 9\
319
313
714 338
7U 319
71a 313
7ifl
Ots.
9>«
ioiie
im
lOlSlB
3-1910»8
7>4
306
10J9
7^
7%
73i
7\
714
714
714
li'ie
7>4 3-17 113b
7H
7M 311 113,8 712
7>4 300 1058
7'^
3-06
714
t -tj
.f
.'v J.\J"I8
. -3i
I0"ia 7^
18S6.
Colored Goods
Do
319
18'>4.
1885.
18S2.
1883.
Yds.
51,293,373
32,738,113! 35,441.296
Value.
$3,140,703
$2,23(},5«7| $8,579,866
34,066,292
j
$2,648,278'
Uncolored goods.. Tds.l412,517,980 114,806,595 99,750.450 ta3,n31,459|
Do
other man'f's
Value.
»i',228,240' $7,919,070
$7,503,361
$8,629,r23
of. .FoIi«.
$1,579,673] $1,686,454
$1,801,984
$1,673,144
29,525,678
$2,826,310
1 14,994,408
$9,851,713
$1,534,947
Total cotton mannfactares exported raiUf. $13.948.816 $11,836.891 $11,885,211 $l2.951,l4a:$l3.212.979
|
.
A
similar exhibit covering India's shipments we have given
for several seasons, and it is an interesting record for comparison. It should be remembered that if we were to go back
to 1876, India's total
would be very small, the value having been
for that year only £663,000, or say less
while
that
17,733,978.
Cotton.
3% million
dollars,
same year was
For the last six years the record has been as below.
1835-86.
1834 «3.
£
3,634,830
1883^4.
3,338.028
1880*1.
1882-83.
1881-82.
£
£
£
1,026,163
927,008
1,816,818
1,368,836
1,282,678
761.564
641,680
626,588
2,853,170
2,578,382
2,010,516
1,909,131
£
Twist & yams 2,755,042 2,441,100
879,7f8
Manufactures
Total
than
of the United States for the
jy The oflQcial figures are given in rupees,
and we turn them Into pounds
on the basis of ten rupees to a pound. That, under the c'u-oumstances.
it
nearly
correct
as
can
be made In values.
comparison
as
makes the
sterling
These totals do not encourage hopes of a large export trade
laws aid us in
our
United States until
the
goods and facilitate our marketing
cheaper
offering
il^t them as well. India's exports the past season have
reached, it will be seen, an aggregate of 1834 million dollars,
though the trade began with 3!^ million in 1876; the United
States exported in value about 7?^ million in 1876 and this
year about 14 millions. That is, though our shipments were
Ots.
3-46
4J^ millions more in 1876 than those of India, they were 4J^
3-69
3-62
3-48
3-44
3-63
3-46
3-50
3 50
3-44
3-25
3-25
H tiO
10»8
6%
7H 3-25 lOSie 7
9i«
Aug...
."
3-38
6%
7ifl
•~r."c
I -M
^
^g lO'ifl
XV. ',H
T«
7f
o
Note.—Sheetings-^ Agents' prices (for Atlantic A) are given. PFlntfng
cloths are manufaoturerd' net prices. Discount on ptaudard sheetings
is almost invariably 5 per cent; on Lancaster ginghams it varies, ranging
from 7>3 to 10 per cent the present season.
713
Tear Endintj June 30—
Exports of Cotton
Manufactures.
for
1883-84.
Si
cu.
quence our table of exports presents quite a respectable total
the values being in excess even of 1881 and 1883, notwithstand-
interesting as a record of the daily fluctua-
when put in connection with tlie ruling prices
in cotton do we see how much better off the spinner really is.
In the following we give such a comparison, enabling one to
tions; but only
series of years.
;
millions less in 1886.
Only a word will be necessary with regard to the changes
in spinning power.
It is
not to be expected that there should be
any material increase the past year. The previous season the
cotton goods trade as we have seen was as b.ad as it could be.
From that starting point wa have gradually reached a
But the
position of improved demand and fair profits.
margin does not justify expansion, and even if it did, it
short a time since the change occurred that it
is so
would have been impossible to complete and set up
many spindles. Still there is always some new work in progress,
while older factories are
all
the
time increasing the
Septuiber
THE CHRONICLE.
11, 1889,]
capacity and efficiency of their machinery, keeping their
mills abreast of the meet advanced ideas. For it is in times
of great depre«ion that these features prove their importance
and real rajue, enabUof; as they do, the better equipped mill
to make money when its neighbor, with leas modem ma^linery, loses it. The best information we can obtain as to
the extent of the spinning power this and previous years is
M
We
follows.
last five years for
iasM&
itanii
iMMjOoo
is,ioa,i)oo
11,11101000
Mrth
jjm.ooo,
1.1M.0CO
UOO.0OO
1
TOUl...
U,«IW.OOU
8aeh are in
The foregoing leaves stocks in spinners' hands at 135,000 bales,,
and shows that the United States consumed 1,997,076 bales..
Weight of Bales.
The average weight of bales and the gross weight of the
we have made up as follows for this year and last year.
crop
give the Census year (1879-80) with the
comparison.
vmnm.
Ap(.i.
isaass.
i8as««.
I88l«.
18rB«).
IIJOO^OOO ii.a!0.aoot io.ni.3S7
aeo.ooo;
ms.om
U,«0,000 tajio.oao is.eao.ooJ u.aoo:ooo
io.a!»,43s
brief tb« featoree
sto.ooo
and oondilions of the cotton
297
Ttar tndlny Stpttmber \, 1885.
Ontaf-
Wum»<r
Ifumbtr
a/batn.
a/taiea.
733,871
377.3M.TI3
l,754,S88
S48A8
8M.MS,708
lM,77«.aM
So. CaioUna.
8a7,4S8
sas.g80
4M.ai7.S80
aB«,SS4.SU
VlidaU
.
siaiss
a84jm,g86
No.CaniUoa.
lOS^W
78.486,817
TttMM
LootaUoa....
AlsblDW
Oeotsta'..
..
...
WHght
4SS.29S
BI4-61
liM4«kt.
513-83
S48.087.740
730,e3«.O68
117.670,407
4TM0 WMjsaa
sos-oe
«SS-tt
4BS-S9
474-St
Avenge
(It
yaund«.
888.871
7*3.808
4T7-S0
496-77
37S.5O.Sa8
«3,BS9,403
Bsajiu
T!5,»B7
<(>S-8»
17»,790
4M-8S 1.148.018
4a9i)0
4«e-19
470-BO
46S-30
304.738,4 1«
83,623,716
Tl».17»,«4
B««.<M7.787
403-S»
goods trade the paat seaaon. Aa it cloaes the spinner is encour- Taim'nm.ac l,4B83M
481-21
ToUlerop «.590.nS S.l'!«.4M.net 4hS-40 ^ee»,osl «.7«7.967.317
aged not only to indulge a hope for a good trade the coming
twelve months, but to anticipate Ita reaulta with no little con• includlnx Florida.
fldenoe. We have obviooaly and poeitiYely broken away from
According to the foregoing, the average gross weight per
the old conditioas which have long been ao disooaraging, and
bale this seasonwas 485-40 Ibe., against 481-31 lbs. in 1884-85. or
the inclination now is very distinctly towards a further
16'55 per cent
improTement. Capital, released from its fear, is again going 4*19 Ibe. more than last year, which indicates
Had,
weight
of
the
crop.
therefore, only
increase
in
the
total
into active employment; and though prices of all commodities
88 many pounds been put into each bale as during the previous
are low, our people are onoe nu>re taking gooda almost eagerly.
would have aggregated 6,607,300 bales.
Moat other iudu*triea liaTe at the same time developed new seaaon, the crop
The relation of the g^ross weights this year to i^revious years
life, and hence the reason for looking upon the future ss full of
Our spinners dose the seaaon with very large may be seen from the following comparisons.
promise.
tiW-ir. oompared with a year ago, as the following statement
reraae
A
Drop.
Weight
per Bale.
«ea«ono/-
NHmber of BaUt.
1>Malar^>e(ttoOBltodmalssaib«fote staled
Mask on kaad aoaaaaMaMM of 7«ar (aspl.
AtHortharapocti
1.
Total MpplydaffDcrrarcBdliic Sept. 1.1884
0( this sapplj Uwi« kaa baaa axportsd
to (ent(D ports dartns tba Tear . ...4.*43.991
6,6^2,(>30
10,133—1.333.411
•aMteOaaaiattrsetfnaiWaat
Barataorth and Sooth*
Mask OD feaad aad of year
Taltmwr uliini hi Benlkiini States filaiillnaliofB
2.117.076
340.000
total
K(
1,777.67«
Bomt taSlllM not oaljr what has bean thns
deatrorMl at the Horth-
men sad B iia lh ii ii ootpotts, bat also aa burnt oalfottham nUlroad* ani
la Votthna ftMtottaa. EvatrSto whfah has oueaiiud. eltber In a mill
oroaataliroadlalha Vottb. donac tfes past ytar. wa bar? inrutl.
prtad: sad wtwte thrre was eotton kwt, hare asatht. aad In almoat
eT«7 case obtained, a full ntam of the loak.
These figurea show that the toUl takings by spinners North
and South during 1885-84 have reaobed 3,118,070 bales, of
isklch the Northern milts hare taken 1,773.676 bales and the
Boathem milU 310,000 bales. As to the North there has been
a oonaidarable inereaae in the stocks of the raw material held
by spinners. Buying has been induced by the good business
prospects, the low priors of cotton and the less favorable outlook through a good portion of the summer with regard to the
growing crop, especially in the Atlantic and the Eastern Quit
For this resaoo, our summary of takings and conMUsptioD on tha basia of no ttoo/U in the handt of Northern
tpinnert on Sept. 1, 1879, reaohea the following result. The
width of our columns oompels us to omit the results for
the years 1875-78 to and including 1870-80, but they are the
States.
Mme as in
5.43534S
e.589,S2«
6.757,997
5,073,531
187lt-80
1878-79
1877-78
187t^77
1875-76
1874-75
2.L0i..908,90'/
4,81l,-.;63
4,485.4'.i3
4,660.288
8.832,991
The New Crop and
Although we have reached the
173.728
4,298-4.534 060
total taktB«sbiraptaasn la the Unltod Stalaa fat jrMr
wMllat lll»|ltl«BllSI 1 llWin
*
1881-8-J
l«S.SaS
Atlfflrthwn latortorsBMkots.
TMal ukings bj
IS8243
188081
2,727,967,317
2,759.047,041
3,430.546,704
2.585,680,378
3,201,518,710
2,77^.440,480
2.400,205,526
1S86>—
«1,0M-
prevfcms report*.
468-Oa
3,17U,4.'.6,Oi»l
5.669,031
5,714,052
6,092.234
53t7
(Sept. 1.
I,786,984.'Jp5
6,.550,213
1884«5
4''.-.24n
At Wortfewn potts
At Soolkara potto
2.100,463,086
2,201.410,034
485-40
481-21
482-86
490-62
475-67
485-88
481-55
473-08
480-10
468-28
471-46
1885-86
1883-84
S.8B2- 132.421
IssstsnUBoettsalaatadad
Pounds
balsa. a,5S0.313
1883f-
10«.3S5
S1.314 -139,539
ft BoatkatB potts
AtVorthMBiatattaraarkaU
Weighl,
practicable even yet to gain
Its
first
Marketing.
of September,
it
not
is
any clear idea of the extent of
We
should say with regard to the yield in
the growing crop.
general terms, that the possibilities at the present moment
cover an unusually wide range. Over a large district the
weather during the whole seaaon has been exceptional. Ordi'
narily, excessive moisture in the early months is followed by
severe drought later on, and as the former illy prepares the
or
plant to endure the latter trial, a bad failure is the result
;
be an early drought followed by summer floods, and
however the
then another drought with a shortened yield
succeaaion comes, it is almost always one extreme making
simply an antecedent for its oppoaite.
The present season, however, is conspicuous for its lack of
conformity to this ordinary oscillation in weather conditions.
Tbalmth is, if we were to leave out three States we might almoat
say oHfa^whole of the remainder that it has experienced a
Hood of rain all the way through. Of course, there are local
exceptions to even that remark ; and yet the district is a very
large one, of which it may be affirmed that the crop started in
the wet, and tliat the planter has had to keep up a pretty
plucky fight with the weeds ever since, or at least until a
very recent date. Still, the cotton has mostly pulled through,
but in what shape as to fruitage time only can determine. So
it remains as much a question now as ever what the final outcome will be. Wo cannot think, in any event, that the Atlantic States, or at least South Carolina and Georgia, will
produce as large crops aa last year. Those States made quite
a satisfactory return in 1S85 so far as they are concerned, we
it
may
;
—
;
are therefore this year comparing with a pretty full yield,
especially in the case of Georgia. On the other hand, Texas,
Arlr^ fnaf and Tennessee promise well at this date, while with
regard to Louisiana, MisKtssippi and Alabama there is no little
uncertainty still ; it is to be remembered, however, that the
t.is»jam
Ommmft'» («»tliai i S>f
MonhmrnmilH
IM»JK» »JM1.0aO
I.STT.eiTII.SW.IS'i t.«(n/i7s
s.oe7.(is» «.iiM.7«3
i.a»2.aM i.Toi.iao S.133^711
early
for
138,000
have
had
asi.000
Total aooaaaatloa....
Tat. aapplf
•i>ot«.
m
!«<»*'
i^ill
nt» Sapt.
.
I
was not particularly
Theae sugg^tioos show how unsafe it would be to attempt
any definite indication at present of the year's outcome.
The truth is, the first of September is always
IjKMJtOa l.nSjtDS I.TW.OM I.S4S,SI7 l.4M.13a l.(»7.«7«
....
yield per acre in 1885 in all of these States
good.
iw,sga
nam
as4isoo|
J!^?l
U,<4 1
1
sm.ooo
l».nOO
340.000
exact knowledge, even when the surroundings
Last season at
nothing in them unusual.
THE CHRONICLK
298
that date a lack of information respecting the August
conditions and growth, led to general estimates much
too high. Before October was reached it was found that
expectations would have to be revised and moderated, that
the plant over a large section was not well enough established
either to retain its fruit through the drought of August and
September, or retain enough vitality to carry it through until
the rains came, so as to make a new growth and raise a top
crop.
ought
Besides, last year's crop
therefore at that date to
1890.
Ga
Columbus,
crop, although not like that year's production, is late compared with last year's, which, as stated above, was quite for-
Bearing on this point, and as being useful for future
we bring forward our data with regard to the
receipt of first bales and the total receipts to September 1 of
ward.
Rome, Oa
Montgomery, Ala
cotton for several years at leading points in the South.
Date of Bfceipt of First Bale.
1880.
1881.
1884.
1883.
1882.
1886
1885.
—
Virginia
Norfolk
JTo.
AUK.19 Aug.16 Sept. 5 Aug.29 Aug. 27 Aug.26 Aug.21
Carolina—
Aug.21 Aug.16
Aug.23 Sept. 3 Aug.21
Aug.l8 Aug.16 Aug.23 Aug.23
Cbarlotte
Wilmington..
—
Sept. 1
Bo. Carolina
Charleston
AUK.12 Aug. 6 Aug. 12 Aug.l7 Aug. 20 Aug. 12
..
1,163
808
Mobile, Ala
Selma, Ala
Eufaula, Ala
New Orleans,
1,100
768
La
La
Slu-evoijart,
1,798
Total
1883.
945
682
128
56
880
448
347
79
235
144
800
476
645
672
1886.
1
300
"ibo
26
45
287
252: 4,500i }7,200
340
48
26
11
2
2
19
3
30
86
34
4
.1
103
1
4,135
10,517 17,098 15,677 22,738
131 1,026|
3
150
,
1885.
|
121
*10
1
1
xun
1
1,226
37
Vol.
1834.
325
6
674
125
650
365
535
1
3,165
688
1,878
47
2,000
200
1,646
448
t4,279 1,X06
80
,
1882.
738
187
""io
Tenn
Nashville,
1881.
231
125
Vlcksburg, Miss
Colunibos, Miss
80
6,735 16,563
*60
506
14
ports to
all
September
1...
35,691 50,633'26,253'31,424
6,902 24,094 30,313
Estimated ;no returns received.
This is the amount returned as new cotton by the railroads ; it Is
estimated, however, tliat the actual receipts were much larger, as In
many cases the roads did not distinguish between old and new cotton.
; Nearly all the new cotton received came by Morgan's Louisiana <fc
Texas RR., and not being billed as new we have no means of flndlKg
out about it. The above is a close estimate.
*
t
reference,
new
425
121
was quite a forward one, and Memphis, Tenn
Texas
have presented a safe basis for Galveston,
Dallas, Texas
predicting the result, if any crop can.
As to the maturity of the plant this year, it will have to be
It is not so backward as that of 1884,
set down as a late one.
wliich was about as slow in getting to market as any we have
ever raised, notwithstanding the drought of that summer,
which ought to have hastened the ripening. Still the present
I
Sea Island Crop and Consumption.
"We have again to acknowledge our indebtedness to the
kindness of the various receivers and shippers of Sea Island
cotton, through whose assistance we are able to continue our
annual report of that staple. As our readers are aware, we began this record many years ago, when no one but ourselves
kept the export movements of Sea Island except for the ports
of Charleston and Savannah. For the Northern ports Custom
House manifests furnished no guide, so that we found it impossible to perfect the figures except by following every bale of
it appeared at a Southern outport, until it
had actually been exported or taken for consumption.
For the last three years, however, Messrs. Henry W. Frost &
Aug. 7
Aug.l7 Co., of Charleston and Savannah, have begun to make up a
Aug.lO very complete statement, and hereafter we shall adopt their
Aug. 12
Aug.27 figures unless we have good reasons for doing otherwise.
Sea Island after
Georgia—
Augusta
Aug.l2 Aug.lO Aug.l5 Aug.1.5 Aug.l9 Aug. 11 Aug.l2
Aug. 16 July 24 Aug. 4,' Aug.26, Aug.22 Aug. 6
Atlabta
Savannali—
From Ga... July 18 July 24 Aug. 2 July 6 Aug. 4 Aug. 6
Aug.l9l Aug.lO! Aug.l9 Aug. 3
July 22
From Fla
Aug. 4 July 23 Aug.lO[Aug. 8 Aue.15 Aug. 7
Maeon
.
either
Aug. 2 Aug. 5 Aug. 7, Aug. 7 Aug.13 Aug. C
Aug.22 Aug.l4 Sept.
iept. 4 Aug.22 Sept. 3 Aug.22
ruly] July 5 Aug. 2 July 25 Aug.lO
Columbus
Griffin
Albany
Florida—
Tallabassee
Florida.
Aug.l7 Aug. 7 Aug. 11
.
Alabama —
Montgomery
1885-86.
15,801
2,583
5,883
.
Aug. 2
Aug.16
Aug.l4
July 31
Mobile
Belma
Eufaula
Louisiana
—
July 30
Aug. 3
July 30
July 28
Aug. 8
Aug.15
Aug.lO
Aug.lO
Aug.
Aug.
Aug.
Aug.
Aug. 8
Aug. 12
Aug. 8
Aug. 6
6 Aug.l2
7tAug.l2
5;Aug.l6
8 Aug.15
Aug.15
Aug.16
Aug.l7
Aug. 12
Eec'tB at Snvan'h.&c. bales
Receipts at Charlpstou....
Receipts at New York, &c.
Shipments to Liverpool
fi-om Florida direct
1884-S5.
.
.
.
15,965
3,213
5,809
5
New Orleans
Fiom Texas Aug.
8 July 30 July 11 July 10 July29 July28 JiUy 27
" Miss. Val. Aug. 8 July 31 Aug.20 Aug.13 Aug.lO Aug.lO Aug.20
Aug.l3 Aug. 3 Aug. 7 Aug. 7 Aug.20 Aug.13 Aug.l2
Sbrevcport
—
Mississii>pi
Vickslmrg
....
'
Columbus
Aug.l4 Aug. 2 Aug.23 Aug.1.5 Aug.29 Aug.l.") .Sept. 2
Aug.21 Aug.l2 Aug.20 Aug.15 Aug.27 Aug. 12 Aug. 2 4
A.rkansas—
Little Eock. ... Aug. 14
Xennessee
Sept.
—
Aug.l9 Aug.
Nasliville
Memphis
|
Aug. 19 Aug.
4 Aug.22
Aug 25 Aug.21
Sept. 4
Aug. 17 Aug.31 Aug.29|Aug.26 Sept. 2
Aug.23 Aug.27 Aug.15 Aug. 18
Sept. 2
Aug.13
Aug.21 tAug. 8 JA'g.29
LoulsvUle.
Where from \
Houston
Where from
,
9 Julrl6JiUy24 July 23 July 16
DeWitt DeWitt DeWitt DeWittiVict'la Viet'ia DeWitt
County Countv Conntv Countv County
" Countv County
July "8 July 22 July 22 July 18
July 9 July 5"
DeWitt DeWitt DeWitt: DeWitt DeWitt
County County County ICounty County!
July31
Aug.l8 Aug. 9 Aug. 4 Aug. 6|Ang.l9l
Dallas
i
NEW COTTON TO BEITEMBER
1880.
Charlotte, N. C
Cliarlcwton, S. C
Aiigu.ita, (}a
Atlanta, Gay.
Savannnb, Ga...
Haoon, Ga
29
1881.
50
2,550 2,500
1,800 1,592
3.50
1882.
15
1,450
652
450
12,438 10,108
1,217 1,225
1983.
500
356
251
4,958
356
1.
1884.
3,075
6.390
13,679
Receipts at'Charleston.... 8.614
Reoelpte at Beaufort, &c.. 1,589-10,203
2,397—16,076
Demict—
Receipts from Florida, &o.
Tot. Sea Island crop of S.C.
Total Sea Island crop of
the United States
The
7,010
12,863
37,672
40,925
.^^„,
distribution of the crop has been as follows.
Supply year ending
How
Sept. 1, 1886.
Distributed.
Porttof—
Stock
Sept.l,
1885.
8.
3,213
3,193
Carolina.
1,059
551
Georgia
Florida....
1885.
—
Total
For'gn
Ex-
Stock, Leav'g
Oreat
Total
Net
Sept.l,\forDis- Brit'n. Bavre ports.
Crop. \Supply
1896. llrib'l'n.
7,010 8,069
6,390 6,911
24,272 24,272
1,722
1,149
6,347
5,792
24,272
Texas
New York
Of which
Eximrted to
3,251
1,483
5
618 3,869
1,483
5
4^498 1,062
.
Boston ....
Baltimore
.
8,566
346
348
5,165
5,168
Philadel.&o
Total...
1,610 37,672; 39,282: 2,871j 36,411 14,748] 1,680:16,428
From the foregoing we see that the total growth of Sea
Island this year is 37,673 bales; and with the stock at the
beginning of the year (1,610 bales), we have the following as
the total supply and distribution.
This year's crop
Stock Sept. 1,1885
25
176 1,653
176 1,034
2
163
3,278 1,00S
196
589i
1,103—17,068
South Carolina.
fast as picked.
ABniVALS OP
15,965
Tot Sea Island crop of Ga.
From Georgia.
J From Alabama.
In some respects a better indication as to maturity are the
In 1880, and to a
arrivals of new cotton to September 1.
In 1883 there was perhaps a little less induce,
ment, but no hindrance to a free movement, unless the yellow
fever may have acted as such in a small district in Texas. In
1883 there were yellow fever rumors at New Orleans (though,
as subsequently appeared, wholly without cause), which may
possibly have had some slight effect on cotton arrivals. In
1884 the cotton moved late, simply because it matured late.
In 1885 there was nothing to retard the movement, arid probably little to hasten it, except a possible fear of lower prices
later on, for the supply during the summer had run very low
and quotations were somewhat affected thereby, notwithstanding the short time at the mills. This year there was
nothing up to September 1st to delay or hasten the movement.
600—20,143
Dedttct—
17,608
Receipts from Florida
320—17,928
Rec'pts from Ch'rlesfn,&c
t
greater extent in 1881, the speculation and corner in futures
led to the most persistent efforts to push cotton forward as
19,543
930—24,818
Brunswick
IJuly 12 July 11 July
Galveston
Georgia.
23,383
Receipts nt Savannah
Receipts at Charleston and
Bentuek)/—
IPextts—
24,987
24,272
Tot.Sea Island crop of Fla.
bales.
37,672
1.610
halfn.
39,282
1886.
552
57
6,505
4;6i2
462
247
Total year's supply
Distributed as foUotcs:
Exported to foreign ports
Stock end of year
Leaving for consumption In United States
hales.
,o ..no
16,428
j,»7i—in,zay
bales.
19,983
September
THE CHRONICLE.
11, 1886.]
The following useful table Bhows the crops and
of Sea Islands since the war.
299
moTement we
find that there baa been a fair increase in the exports to
Liverpool, but that the shipments to France exhibit little
change. Of the continental ports Bremen, Antwerp, Beval,
Barcelona and Genoa
all
show
large gains.
•
Sm«-
/lor<-i
n>-
Ckar-
OrlMM.
MotiOt.]
ton.
I
Icston.:
SnmnYork.
naK.
BaM.\
OOter
more.
Port*.
IbtoL
(
Llreniool 84&a98 47.41S 889,4»7 94.186,108,400 583,677 130,804 963^61 2398,796
Hull and
M^ari 0.380
f*J>B-
s.ar»
e.cea
tl,»"
O.MS,
4.(ns
N«wctle
Oltsgow,
ua»«i..
IS.UO »,i^
um-w..
MW-TS.,
lUrre
Bonleaaz
k Boaen
i«.r» s.ii<n
ll.»U l."
MT»-77..
KKO
i<ns-TS..
1974.^..
ISTS-M..
t<3l3
Sn-n..
iMD-n..
1;H»|
ioot'
SJH8
lO.O'S
•.428 10.907
Brt aat oe'l
uas^T..
114U
TMai..
• Ttaa
8»A»
«e,8>ir;
wtamii at
88,080
in.l4S 4,081 5«*,«W
'Amuiam CooimBpUoD" la
this
40,749
88,188
i«7
19.879
17J81
first
tuni 4&SIS
'iilM
0,400
880
6,'4H
e,iao
80,880
BtttipU. BMifm'U.
18334S
Aacaat«,Ga....
Gkfimkiw. UB..I
a(aeoa,Oa
91.745
66.T78,
123.7001
,
BclM, Ala.
'
Mtk.
»»nfyti
157,380' 6,315.
01,0ie 1,079
56,133! 1,1»1
134.370^ 1.010
V^.'SW
!
000
Menpkla, Tenn.
843
4:
MaahTfUr.TMU).
I
153.966
78,160
53,717
143.544
08.253
430.1971
IMT?
I>aIUa,Tlexa«...
4,713
PH88llMii.TB»aa
63.6U
1380;
Btaisreport, La.
TIakabiirK. Mia*
I'J'
i
.
*<
!•
Atlaata.Oa.....
1(.
c-
BoiBe,oa.
1,
bnnt....
9l7«0
Copeaba-
.i3,.'S29
8t Palanbois....
Biico....
13M
4.713
63,009
««,549
30,028
43.431
19,833
171,127
62, '26
BLLoola. Mo...
47-
3.^.H89
200,<«63
CtnclBaatt O.
3-':
275,892
jr.
C.
..
Total, aid tvraa3.57
8. C.
.
•:« J..,'JH4 J,i
•r?W
l
'
75
1-
FctatiABTS, Va.'
Ii«daTllla,K>.*
6'ti.
aew towns
B64.98I
857,368 12.076
i,no9
2,812
t\n
..:i
K
,-:i
3'J.
<.-l
.
573,706
The raeotjta and
I Raonl ol STOM
for laat ymr.
i
17
573,294
-3
118
3,059
4,
162
usrrar
il
mi
1,880
tSJM
MS«
IJMO
V.Crulte
N.SeoSa-
foreign exporto the past 7«ar from each port to Great Britain,
Ftvnoe and other porta, stated sepantely, as well as the totals
to all the porta. In the following we gire the total foreign
•xporto for aiz jears for comparison.
186
Total....
47,418 888.718
•113 1,603.947
Ori"ii»
MoMle..
166
80. Car..
-:»o'
Oeomta.
Tioua...
riorlda.
49,390
373.973
419,000
->a«,a79
863
---*13
Car..
32-
Ttat Bmiinn Aug. 31.
1885.
1884.
13
1886.
1,4SU80 1388,318, 1,556336
47,416
87^087
48380
878.710
859,709
878.090
8,751
47,343
880,085
300,858
345,220
3,595
69,H0J
336.386
401.920
336.718
3i:i.<wu
•in
73.213
Ki-wTorfc
60<>
Boirtmi
13-l,<iJ-<
1.">H
IIH8
1H0,.'>93
135361
315,4.50
7«9.41'<
139.16-1
74.142
197,911
0O,9ll
135,759
104,480
348,138
111,264
07.IO'.»
iHB.i);i7
ti2,«2()
3390:
160,>l74
2,511
171'.H2
4,924
3,162
2,072
953
.
..
PhllB^Irl
BalUn'rc
.;8
ruadjfc
SaaFtraa.
1,567
596
Tot. fIroB
Vautt*.
1,063
374.5101
696,541
176,293'
8l7.:)H
I
4..->96,279 3,505,031
Selow we
fron each
4.74.V709 3.916.979 3,039.4n9'4,343.9ni
a detailed statement of the year's exports
showing the direction which theee nhipments
give
port,
Similar sialamaata will be found in all our preioos crop reviews, and a oompaiiaon as to the extent of the
total moTement to each port can therefore be made with back
yean. Contrasting the piMUii t rotoms with those for last year.
liaTO taken.
I,«e0
8,711
8473*1 17»,41» 649,302
4343.1101
ladodM ftom
Port Bora! to Bramao, 8,000 balaa.
f'OtlMr Porta" Inolada: rKaWUmlMtoB. 48,180 balaa to UTerpool. 13*0 to
Hana, 17,078 to Bramon. 1314 10 Anut«rdam7l.*o0 to RaTal, l,l79to Baroelooa,
aOOtoOaooaand 1.470 to t.,«abara. rroai Norfolk, 888303 biaes to UTsrpooU
93*8 to Boaaa, 4.310 to Ubant, 8390 to Baral and 071 tu Bvoalona. rtom
Wait Point. 17,077 balaa to Unrpool, 9390 to Braaan, 9,660 to Antwerp and
^941 Ut Sbaat. Iftxm Newport Newt. au,«91 balaa to UTaroool and 13*0 to
IIMinl Di n
Vrom Boatoo. 188318 balaa to Urarpool and ini balai to Nora
Santla, rrgm Pblladelohla. 88,118 balaa to UTarpoolaad43wbalaa to Antwwp
Fton 8aa ttaoelaoo. 808 bale* to UverpooL Pram ranuuidSa to LlTerpool.
Portland. Ma.to UTerpool, 4,89* bales.
rnm
SEPTEMBER EARNINGS.
Up to the
hour of going to press we have been able to obtain
tbe reporta of earnings for oioe roads for the first week of September, and they make the same favorable comparison with
year noticed in preceding weeks. The aggregate gain on
is |150,478, or about 15 per cent.
The Buffalo
Rochester 8c Pittsburg is the only road that falls behind 1885.
last
the nine roads
1896.
Bofflrio Roeh. * Pitta.
Cbleaao A Atlantic
Iiiemua.
1885.
Decreatt.
9
8
38,854
.
554,000
145,920
96,180
59,600
31,862
77,447
109,500
31,134
38,348
490,049
133,694
96,053
39,545
38,941
62,387
85,668
1.187303
987,419
34339
rialaeo.
Total (9 roads)
2,280
6,181
63,951
13,336
127
27,055
8,321
15.060
33,832
153,753
150,473
Net tnereaae
3,880
9louetiirgs®omtiiei;ctal %nQlisTx ^ews
TOTAL SZrOBTS OV COTTOit TO VOBCIOS POST* FOB SIX TBAIS.
1883.
804
809
I.UO
from theae interior towaa for hoaaa oonaomption and the Chlerilil. & Bu Paiil ....
DeoTcr A Bio Grande...
amounta bomt.
Long laland
Exports.
HUwukee U 8. A West
ir. Y. Oat. * Wafers ...
In tlie first tablo giren ia this rqiort will be found tbe
1883.
1.400
1,700
FUnltomkof September.
Wetki
tfcawfta o give
The ahlpmaote in thia tat6m6ot inphido the amounts taken
1981.
IT3t0 siJbs 18,416
B,ias
1,488
8,080
I
MMfwf fhaUat to Fartlgn frUfr
8386
fS?
1.470
Maplaa....
TiiEMta...
Vantoe,...
21
ifl.irr'
3,444.613 3.413,403 48,00O 3,a88,7M 3.000,129 15,850
Total, all
Virdala
1.T87
2,116,835 11,3-18
l.-.
814
Texaa
130
48
125
3
433
4
75
4.788
1,000
1,008
"ms
OpOftO..
*
3'.',-
1.5«g
1
6 1. 7 J.,
33,451
604.357
\,tvt...
1
I.").
la.irtT
»«l8«gli.Tt. C.
Ifn.
i;asB
Bsjao 49,780
cadli.
L«bacB..
1,162
10.498
1.1
Salarao...
10
8,008
6,980
9,400
Bareeloaa
350
932
I9,86<9
*!i,8i4
I3S1
3.'>6
142.807 1,571
97,916
706
434,381 1,392
41,900
SB,«H
19,198
LIOO
1889.
153.986
78,192
K480
1,100
Nonkopl
UUpmu: moek.
8,386
880
1.810
Saata
TtarendbtaipL 1,1889. Tmr auUng BepL
40139*
lojeo
*i,UB
8S00
Town.
H.
88.790
87,861
4,436
4,SIS
4,ue 81,H8 61,M7
Cddwria
at
of September of
1,840
1310
each year.
Tot.,
U13tS
iiVwi
UTS
UbI* tadiidw banit la
I,S30
BO
U o 1 1 e Q-
tbe interior parte and the stock on the
Hewbenr,
KvwbenT.
49,438
1378
14OJ80I
t<».a»4
883,
tM DattM Mat**.
MoTemeat of Cotton at the Interior Ports.
Below we give the total reoeiptB and shipmenta of cotton
Ckariotlci,
8,aOB
Kot'rdtun.
BmaL....
Cmnatadt
10.40*
10,748
14,«87
Uhent.....
0.708 8371
lMT-«8..
308,831
Antwerp..
8,193. «.IC4l
»JM(t «,a)5l
Ma»-90..
I
Dunkirk *
Man'IlM]
Bremen... M0,t88
llamburK.
4.074
Ami.'d'm
1.2;
l.r.
lO.TM
i.m4
i,no
Leltb....{
«J„.
18.778
B03S1
50,891.
*
Cork
RATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
MIOHAireM AT LOlTDOn-Aug. 27. MXOHAjraM on londoit.
<M-
LaUet
nma.
BaU.
KMg. 26 Short.
Aqk. 26 ....
Au«. 20 Short.
•1
•2060 AiiR. 36
"
20-97 •20-60
Auk. 26
12-77>«»12-82«» Aug. 36
20-43
20-48
80-43
13-63
IteM.
Jtols.
DaU.
•12-4<«
Amaterdam Smoa. 13-4
Am«t«nlain. Bbort. 13 2>« •12-2t|
QariiburK..
Berlin
Frankfort...
Smoa. 20-97
(•
3057
«
••
rieona.
It
Trieste
•20-80
12-77>aal3'82i«
....
4.
25 47>a»29 52i« Aug. 26 Short.
*•
Aug. 27 Smoa.
22'9»22t|
Peterab'g
Farts
.: Short. 25-37 >(»2S'32io Aug. 27 Short.
Parts
Smoa. 25-42>e»26-*7>i
II
29-69 •39-75
Oeaoa
Antwerp
..
.
at.
II
Madrid.
Oadlx
II
Uabon
II
Alexandria
1*
OoastaDt'ple
•1
Bombaj
....
Osleatta
Wew York...
Honic Kooff.
Shaaichal....
......
29-28
22'o»»
29 -So
46ie»46
46<8»46
B3\*52^|
......
Dem'd
la.4*giL
II
la.4^d.
....
....
....
12-12
..•••
.....
THE CHRONICLE.
300
From our own ooneapondent.
[Vou XLIU.
The actual reserve is now £12,222,265, or about £3,500,000 less
than last year, the proportion to liabilities being practically the
London, Saturday, Aug. 28, 1886.
same as last week, namely 43-69 per cent. The joint
political
of
The extraordinary and unexpected development
stock banks and discount housec, following the lead of the
for
inopportunely
events in Eastern Europe has occurred very
Bank, have advanced their rates of allowance on deposits 1 per
The almost instan- cent.
the extension of commercial interests.
I
I
taneous transition from comparative quiescence to a state
threatening
civil
war
is
but another proof that the smaller
States of Eastern Europe are far from being in a settled con'
Rather
dition.
world
v^as
less
The following shows the
position of the
thrown into a condition of excitement by the
Now we
hear of the kidnapping but
subsequent release of Prince Alexander,
Both events occurred with
who
returns to Sofia-
startling suddenness in each case,
of England
from 3 to 2)^
per cent.
June
than tvrelve months ago the political
revolution in Roumelia.
Bank
nW and on June 10, when the rate was reduced
Aug. 26,
10,
1886.
Circulation,
excluding 7-<lay
and other bills
Public deposits,
Other deposits
Government
£
24,624,025
5,837,604,
23,170,407
11,583,435
20,830,793
11,399,225
20,273,200
39-05 p. c.
securities
Other securities
Reserve or notes and coin. ...
Ooin and bullion
Prop'u of reserve to liabilities.
Increatt
or decreate.
i>!8y.
S.
—+
£
273.890+
1,969,819—
769,352 +
495,065—
1,193.497—
823.010 +
24,897,915
3.867,7S5
23,039,819
14.0S8,370
19,637,296
12,222,265
21,370,180
43-69 p. e.
1,096.980 +
4-64
p. C.+
only those immediately interested being apparently aware of Bank rate
3>2 p. c.
1 p. 0.+
2's p. c.
what was about to take place.
It is this suddenness which
From an examination of the above statistics it will be seen
constitutes the element of danger and intensifies the gravity that notwithstanding the maintenance of a low rate for about
of the situation, as there is no knowing what a day may bring two months and a half, the position of the Bank has improved
in the interim. The reduction in public deposits is due, o^
forth in that quarter.
Considering the magnitude of the incourse, to dividend payments.
terests which may at any time be threatened, it is no matter
The rates for money have been as follows
for surprise that anxiety should be felt for the pacific solu:
Open marfcit
tion of these troubles.
From a commercial point of view
mean a check to returning
l<aturally
these occurrences will
UmUm
be regretted, as the trade
undoubtedly acquiring greater force and volume.
is
Iron and
Bank BUU.
Three
roxtr
Afonthj Montlu
This
movement here
July «) "2^ 1V«3
30 2V« IHO
Aug
5 ^•4
"
"
12
InUreet allowed
for depoaitt by
rate*.
Trade BUlt.
je
confidence, as shippers
will pause before risking further important operations.
is particularly to
1
S\x
Mmtlu
Fowr
TItne
Montlu] Uonth,
ma - Nom'l.
- m» - 2 a- maa
mam iJiaa
2yi'S,2U
Dtte't
H'f
HI
-1
-1
Joint
At 7 to 14
Stock
Banka. UaU. Dant.
Six
MmUlu
Nom'l.: Nom'l.
1302'4 2>i®2?l
1
Nom'l. Nom'l. Nom'l.
1
«
I
2H 1«® - i?«a2 2H»2ii 2H'a2^ 2k®2i42«38
Nom'l. Nom'l.' Nom'l.
2« 298» - 2%a2>i
Nom'l. Nom'l.! Nom'l.
3^ 25«a2«'2M<a - 8
1
1
IH'IH
1^-lH
I«-l«
1
no doubt
19
mwH
" 26
2
2
sH-m
amake,
but it is also attributable to more extended inquiries, showing
The following return shows the position of the Bank of
that the trade is entering upon a more healthy phase.
Wool England, the Bank rate of discount, the price of consols, the
is still a strong market, sellers continuing to have the advan. price of middling upland cotton and wheat, and the Bankers*
tage, but the demand for cotton is not so bright as it might Clearing House return, compared with the three previous
be. However, the Bankers' Clearing House statistics and the years
Bteel are hardening in value.
due
in
some measure
railway
The improvement
is
to the proposed reduction in the
returns give evidence of a better state of
is only partially substantiated by
the state of the discount market, the number of bills not
having increased to any appreciable extent.
To insure a permanent revival of trade it is essential that political quietude
should be guaranteed, and it is therefore sincerely to be
desired that the events of the past week should be so settled
that there will be no residue of anxiety remaining.
affairs,
trafiic
which n^ertheless
It is clear from an examination of the weekly return that
the action of the Bank directors in raising the rate from 23^ to
8J^ per cent was solely a precautionary measure, induced by
the desire to check the efflux of gold from London to New
York. There is still considerable uncertainty as to the nature
and extent of this demand, and the fact that it has occurred
thus early in the season shows that it may become a factor in
the situation more than usually powerful. The actual deficiency in bullion during the week was £408,896, or about
£71,000 less than the sum exported on balance, proving that
spme coin has been recovered from general circulation but
the fact that the loss in gold did not equal anticipations in
one week is no reason why the Bank directors should postpone action and allow the position to become more compli-
other bills
Public deposits
Other deposits
QoTernment
The stock
present
moment
Bank of England at the
£21,370,180, being about £3,400,000 below
the total held at this time last year. This amount is quite
low enough when the chances of an unguaged American
demand have
of bullion in the
is
to be encountered.
It is quite as
well that the
1883.
£
£
24,897,916
24,834.315
25,791. 5>«5
3,867.785
8,652. H38
5.769.875
19,637,-296
4369
p. c.
3% p.
rate
c.
100 15-I6d.
32s. 7d.
25,709.0eO
5.927,582
23,1R4,532
31,o;8,179 24,060,57
15.«SJ.2uO 13,577,768 11,962.631
al,l97,-242 2D,919,0e4 21.315,997
lE.717.7i:i3| 13,439,954 18.9:5,617
24,803,018^ 23,481,239 23,875,597
45 p. C; 44J^ p. c. 47)i p.
4 P.O.
2 p. C.I
2p. c.
100 3-16d.
100«d.l
339. 5d.
S63. 4d.
6«d,
5 11 16d.
8Md
OHd-
Sd.
90,086.000
439.
Sd.
5W.
8«d.
81.g31,00«
81.446,000' 88.586,000!
The Bank rate of discount and open market rates at the
now and for the previous three week s
chief Continental cities
have been as follows:
Aut.
26.
Aun.
19.
Aug.
AVQ.
12.
5,
Batuof
Inttrett at
Bank
Or»n
Bate.
Market
2M
{lamburn
8
3
3
3
Amsterdam
2)4
Brussels
2«
Madrid
Vienna
Parl«
Berlin
Frankfort.
at.
Petersburg..
directors did not content themselves with half measures and
place the rate at 3 per cent. In such circumstances as the
present the argument that the full advance effected was not
Copenhagen
necessary, as the open market will only partially follow the
lead, counts for but little. Were the value of money harden-
bullion
ing through the extension of the bona fide trade demand, such
and similar opinions would' have some weight; but the movement is not due to that influence, much as it is desired, the
discount market being wanting in animation, the inquiry for
loans being of a very meagre character. The Bank of England
has but one object in view, and that is the protection of its
store of bullion, as by so doing it hopes to prevent an
unsettled market, and perhaps speculative stringency later in
the year. The decline in the reserve during the week has
been only £124,326, the deficiency in bullion bemg in a great
jneasure counterbalanced by the reduction in note circulation.
1884.
£
12,222.265
21,370,180
Consols
Ensllsh wheat, average price
Middling Upland cotton
No. 40 mule twist
Clearing-llouse return
;
cated.
1883.
£
23.939,819
14,088.870
securities
Other securities
Reserve of notes and coin
Coin and bullion
Reserve to liabilities
Bank
1886.
excluding 7-dar and
CIroalatlon,
Bonk
Open
Bale. Markti
Batik
Open
BaU. Market
2)4
8
3
2
3
8
154
8
in
2^
2H
in
HH
2H
^ii
4
4
SM
4
4
4
4
4
4
S
3
5
3
6
3
5
3
3
Messrs. Pixley
& Abell
5
3
2)«
3
8
3
8
5
3
2H
1«
IK
IH
1«
Bank Op«n
BaU. Market
3
3
3
2»
Hi
IH
3
l)&
2»
Hi
2
2),
2>6
4
4
4
4
3
5
3
5
3
write as follows on the state of the
market
Gold has been in good demand for New York till to-day, wlien the rise
the Bank rate put a stop to all further purchases. The Bank has lost
£526,000 durlDC the week and has received £113.000 in sovereigns,
chietly from Australia. The Tasmania brought £6,iiOO from the East,
the .VconcaRua £10.000 from Brazil, the Galileo £36,000 from River
Plate, ih« Don £92,000 from Central America, and the Sorata *90,000
from Australia; total, £234,000.
Silver has improved steadily during the we'>k, and yesterday 42isd
was (luotcil, though later an amount was disposed of at 4i^d. To-day
the (luotation is entirely nominal in the absence of supplies. The only
arrivals of importance are £26,000 from New York, £i7,090 from tlie
West indies and £9,000 from Australia; total, £62,000. The P. A O.
steamers have t;ik-;n £50,oOi) to the East.
M !xican Dollar».— The small amount to hand during the week bad
been sold for arrival, and in the absence of supplies we are unable to
give a quotation. The Don brought £7,000 from the West Indies and
the Giirmanic £6,000 from New York. The P. & O. steamer has taken
£30,000 to China and the Straits.
The quotations for bullion are reported as follows:
in
Sbftember
THE CHRONICLE,
It, 1880.1
ooux
sa^rmsL,
UmltnataHmi. ^tfLM.
4.
•.
•r 1014, In*.
.
n
.e«.
«.
4.
«.
77
BartUvar
»
«2«
.oi.
.ilu«.18.
d.
«3S-18
Bar •llTar.eontalB-
Wmr ir>M, «oataui'«
SOdvu. •UTar.ocj
!»
»
^i<«.sa
TTU
doablooM.ot.
77 10
m. (Old.01.
«W«
Of
Oaka illTar
Mazlean «oli...oa.
....
Ina S
>-• >.••
lt.Aai.d<mMo«>g»*o«.
301
home-grown wheat, barley and oats in the principal markets
of England and Wales during the first fifty-one weeks of
the season, together with the average prices realized, compared with the previous season :
tt »-is
ex
1834-85.
1885-88.
At'ge
Price
Baitt,
8aU$.
1883-84.
A.xfgt
avm
Sola.
Price
It is reported that orders for 60,000 tons of steel rails have
Prit*
been placed here for the United States, and inquiriej are being
$. d.
».
d.
qrs..
2,880,799 30 10 2,793.518
2.773,887 39 2
made for 50,000 tons more. These will make a totol of 130,000 Wheat,
-' 2.854.!«33l30
Barley
....i2,82.H,305 27 8
3,0.i.'5,93J ,31
7
370,158 19 51 4O7,0O7i20
tons recently placed. Miaafactnrera are now endeavoring to OaU
....I
37»,S30|21 1
obtain £3 17s. 6d. and £4 per ton.
Converting quarters of wheat into cwts.. the totals for the
The fotiowing memorial is now in coarse of signature by the
whole kingdom are estimated as follows:
«
Virginia bondholders:
To tbfiCoiinrll or tha Comoration ot ForeUn BoodboldAra. -Oantle-
mcD—Wa, the uadenincd Vin^olan
bondlioldert, while fulljr reo^ilzlac aaA ayprMiaUax the efloru of the VlrclDla Commltlee la oondnetinfc
to a tueoearfnl laane the Ions aod dlUcaU Udsatlon for theeatabUabmen t
of the rtichts of t^izparm In the use of tax^raeelTable eoaimmi, de«lre
laaMctfall}' to cxpramt oar iiplntou that. In riewof |l) the uaexiieai«<l
rawi r a nri on the part of the Slate to the maadalM of theSuiimmo
( i),
the aDacmpoIoaa mlaalMemeiita made by the Ooreraiupnc
|ir«aa In order to decelre aod Inllaildate Uxpaveni. anil
<S)tthe prrralMnir dlfflealttaa la ohlalaias eoapoDi la Virginia. It i»
BeeeaaatT. l» autldputUin of the taxea taUlac doe on la(De<<eial>>-r in'xi,
to take liume<lli>tr at.-|« for drtox praetioal elKMitto tbeproit- -ti >n
wMeb haa been acconlrd la the beailhold«a fej the oaanii. in ilu- imkI
that laxpaferathroaKboot the State mair hod) Inatrantnd Iti ilii-irru'liu
•ad remediea aiuler the law, aod. If neoaaaary, affonl'vl lemtl |irut :ottoo; (2),aiilit.-iit,-i>.'<l lui to the true hiaterjraod clreumttuai-e^ of tbe
a«lk( qneatlur
'rirolahad with readraeeeaa to eonpona. eipeclallr la th<'
riftM.
Far tfeaaa imtywea we an prepared, if
narewaiT. to .
a further aweMimeDt. and we reeommend that a
fnaertng of the V4rj(itii« Uon.lhol if r^ l»r «amtnaoad forthwith. In ordpr
tfeallba ptoMot (Itoatlon ami th.- neittl fur aoMgeUe and orffanUed
aMMi tlMBala oiar )>• «'' r>>r;ri •t„i that pubUoeipraailnn may b<- given
1885-86.
OWt.4I.407,a21
ITheat
.
.
of tkaboodboUler''
flIaCU lattnldatln
Hlaa, baaed on the a
oaTai to aurrendar thrlr
rlglita to
lllngneaa to entertain a fair euoipro-
„: .„,
.
...i«
todlaehiii«alCaobUgationa.
Tha weather of the week has been distinetly more
fifty-one
OIFOBTS.
188;-6.
1884-5.
OWt. 48,^54,(07 57.16,5,103
9.980,020 16.497.510
11.823.851 12.T5^.t>07
Wheat
Barley
Oats
Peas
2,092,6>47
Beana
Indian
Plonr
3,003.778
31.123.094
14,233.277
eom
»
Arranged in tabular form, under the heading! average, under
average and over averag*. the enamaratiaa staada aa follows:
Brrvax or atavnr oi 18M.
Over avense
Avataga
OMBraverac*
II
SS
149
Btaiu.
2d
10
100
M
in
Peas.
eg
40
4f>
52
205
S12
306
139
137
Reducing thcM to their percentage values for comparison
with odMr ymn, we have the fotlowiag tible:
Wkmt. Barby,
Omtt.
Xaoaa.
Ptiu.
_
Total
OvaravaraiTB
Avaraiia
Coder avarac*
..^
ft-a
t45
704
100
SS-»
aS-J
4<-«
12«
38-9
48-5
100
100
for Ireland
3«-7
lJ-7
49-6
33-8
3S0
S9i
100
100
show that the
The Begfrtrar Ooaaral's retams
acnag* uader oropa, iaolnding meadow Utnd and
first
1883-4.
188S-3.
51.6S3.R09
It. 159.774
66,068,469
15,475,755
15.362.779
2.043,873
I3,ltii.J^S
l,916..Vi4
3.^:^o.o^2
1.641,058
3,161.372
S7.4S3.133
27,»17.2'i3
3.12[>,915
2?.9S.^,770
lrf.237,453
14,663.101
16.246,373
Supplies available for consumption in fifty-one weeks (ex
elusive of stocks on September 1)
lB8IV-8«.
1884-85.
1883-84.
1882-88.
tmporti of wheat, ewt.4 9,8.^4.307 57,16'>,103 51.083,809 66.068,469
Importa of floor
14,333.277 16,237.453 14,h63,l<iS 16,216,372
Balea of home-grown.. 41, 497,521 4U.O0J,522 3i),787,656 4l,l»0.500
104.495,105 113.472.074 106,131.570 126,705,341
Basllah riaaaelal SarKota— Per Oahla.
nie
daily closing quotations for securities, Ac., at
are reported by
The following ia pubUsbed by Ui« Agricultural
e<uetU:
Iiomfon.
Oar report this week ia of English countiaa alone, from
which we have received 316 reports. It will be seen that, eUrer.peroi
Junaoli for
Oalt.
the
weeka of the season.
Total
improTed.
BarUw.
t»
68
88
1882-83.
41.190,500
favorable*
There has been an almost entire abacnoe of rain and a decided
inereaae of temperatore. Harreat proapecta oonaeqaently have
ITAaol.
1883-81.
39,787.650
Kingdom during
produce into the United
cereal
Court;
OflMala and the
1884-85.
40.009.522
The following return shows the extent of the imports of
oaUe
as follows for the
Man.
Bat.
I
week ending
Tuet.
London
Sapt. 10
TImrt.
Wed.
:
Pri.
4«>«
45
<4
43Vt
4SM
money
looisia 100i»i« 100>'i« 10013,, 1001.1,8 looixia
<101
101
IiooKk WO^g I'-OT, lOOln,.
>>nMla f or aoooont
f^oh renteado ParU) fr,83'22>a 83-32>« h3-30 83.V 8355
113
113>«
113>8
113>4
a.8. 4>aaof 1801.
1127a
129Sg
139>« 12ft»a
1901%
a. 8. 4s of 1907
129°B 129111
d.
43
I
11^
Canadian Paelllo
* at.
Ohio.
MIL
ble,
eommoD
Paul....
itook ....
Ollnols Otontral
raonay:
Paonaylvanla
Iphi
"hllade
elpbia
A Readlnn
Wav York Genual.
06
Ob's
33 »
67'>i
e7''8
07 »«
97<«
ISSU
33 \
13S«»
59«t)
59 la
34
139
69 >i
13'4
114
ISM
13>ii
114>e
114>8
67 'g
97«8
33%
13813
S»»g
ISSi
llSTg
fl7'g
9»>8
34>«
oa)«
98
34
134%
59%
13SV
1338
1143g
134(
II4I9
50%
®ommevctal and HftisceUatteatis ^enrs
Natioral Barks. —The following national banks have lately
been organised:
By act of Congm*« approved
Feb. IS, 1836, the name of the
chaota' National B,tnk of Utile Bock. .Vrkanaas, Ro. |,64S, hag
ohanged to the First National Bank of Miilp Ku^'k, Arkansas.
Usrbean
is
IHPOBTB AND EXPORTS FOB THB WEEK.—The imports Of laSt
IS per week, compared with those of the preceding week, show an
increase in both drv goods and general merchandise. The
Notwithstanding the improvement in the weather and the total im()orts were' (U,20tj,7.!il, against $S,,'J.55,:{20 the preceding week and fS,010,053 two weeks previous. The exports
more rapid progress made with the harvest, the wheat trade for the week ended
Sept. 7 amountea to $0,36.'5,.?Sr!, against
haa lost no portion of its flrmnes*.
Inquiries have been more 16.5.98,509 last we«k and $6,129,010 two woekd pruviuua. The
onmerona, and as tupplies offering have been only moderate, f o tlaw iilg are the imports at New York fur the week ending
values have been well maintained, and in many instances a (for dry goods) Sept. 2, and for the week ending (for general
tnerchiuufiae) Sept. 3; also totals since the beginning of the
further advance of Od. tola, per qr. has taken place.
A few Stat week in January:
aamplea of the new crop have bean shown at Mark Lane, of
roaaioa imtobts at bbw roax.
variable quality and condition, for which fancy prices have
Jtor IfeeJt.
1886.
1884.
1885.
1883.
bnn aakad, bat not enough produce has yet arrived to test
Dry Oooda
•2.936,964
i2.5Sl.e82
*2,438,842
•3,008,930
value* sufficiently to fix a quotatk>n. The chancea that a higher Oen'lmer'dlsa.
6,271.787
5.90.^.861
5,J2d,340
5,265.866
8.088,840 aoTM. heiag
oeot, over 1880.
an Increase of 78,710
acres,
clover,
or
level of prices will ultimately be maintained are certainly not
diminiahiDg. They are. in fact, becoming stronger. Hitherto
the weight of flour upon the market has told upon the wheat
trade and has confirmed millers in their determination to deal
as sparingly aa powible. But this former plethora of supplies
Total
MitetJan.
Oealiner'dlae..
rotal
•8.457,546
•7.965,182
•9,274,796
•9.208,7St
•87.114.104
325.501.209
•82,390.110
213,333.233
•69,277,115
184.196,372
•81,013.6/19
1.
OiT Oooda
312,664,186
35 weeka. •312,615,313 •295,723,343 «a57,473,43: f293,6Bl,79S
baa been materially reduced of late, so much so that the
In our report of the dry goods trade will be found the immarkets just now are by no means heavily stocked. It seems ports of dry goods for one week later.
The following is a stotement of the exports (exclusive of
that a healthier inauiry is characterizing all departments of
specie) from the port of Now York to foreign ports for the
the grain market at the preecnt moment.
stocks,
Reduced
week ending Sept. 7, 1886, and from January 1, 1886, to date:
oontraoted amval*, smaller quantitiea to draw upon, and a
sxroBTs raoM aaw tobk fob ths wsaa.
yWd ia the principal wheat-growing centres lew than an aver,
1885.
18H6
1884.
1883.
age, all point to one conclusion, ami that ia the gradual eleva•6,365,588
•6,438,297
•6.683,277
For the week...
•0,197,1.57
tion of values above the depressed level they have occupied Prey, reported.. 233,652,585 216,007,924 315,134,496 2U».U77,202
daring the cereal season now about closed.
But while the
Total 35 weeks. •23».849.742:(222,e91,20 #221.572,793 •210.342,788
prospects for the new season are more hopeful than they were
following tauie shows ibe exports and Importo of specie
a year ago, it does not follow that there is to be a rapid im- tt Ihe
the port of New York for the week ending S pt. 4, and
provement.
since Jan, 1, 1886, and for the corresponding periods in
The following statement shows the extent of the sales of 1885 and 1884:
THE CHRONICLE.
302
f
XPOBTR AMD IMPOBTS OF
SPSOIB XT
KUW
TOBK.
non,
111.
[Vol.
Jhport*.
«oM.
8itueJan.\.
Wttk.
Week.
Since Jan,l.
$1,429,274
1,813.513
2,898.229
1,446.563
31,229
1.000
283,615
18,146
72,809
20,100
»1,600 $12,476,814 $1,079,859
506,710
11,576,655
709,166
5,471,569
2,304
228,032
6,414,186
ereat Britain
West Indies
Mexico
Boath America
11 other oonntrles.
.
666",673
i'sio
5,500
509,903
this
;
uary 1, 1888, grosa
Net
:.
January 1, 1886, to September
$7,975,232
6.119,518
10,161,158
$13,644 $37,016,230 $2,563,012
25,392
6.378.682
8,731
123,364
37,897,664
Tetal 1886
Total 1885
Total 1884
The equipment of the
*
mortgage, consists of 24 first-class
locomotives, 14 first-class passenger cars, two first-class parlor
cars and 200 box freight, all entirely new, together with equipment now on the road, namely, 325 box freight, 50 stock, 400
coal, 100 flat, 10 caboose and 7 baggage cars
also all stations,
machine shops, machinery, and all other property of the railroad company.
Tbe earninga ot the road were [from Janaarj 1, 1885, to Jan-
Imporli.
\
*
(about $10,800 per mile).
company, covered by
XLIU
1,
Net......
January
1886, to January
1,
1,
$735,000
185.000
527,000
165,000
1886, grosB
'
1887 (eBtlmated), gross
If 7 fSiA
"From the
Sreat Britain
Pratnoe
..
...
Germany....
....•.
.... ....
West Indies
Hexloo
Boatb America
All otheroonntries...
Total 1886
Total 1886
Total 1884
$300
»
fl53,500 $6,542,971
217.877
10,650
38.850
205,136
117",436
17,654
77,25i
85,321
3,034
1,200
1,166
$183,254
283,082
302,867
$7,167,405
12,032,950
9,744,419
i",656
46,500
48
722,945
129,154
319,162
54,424
46,500
$169,330 $1,272,533
1,361,287
69,885
2,700,918
38,269
net earnings $54,000 per year is payable for inter"
est on the bonds of the Evansville Division ; the balance wilj
be applicable to interest on the two million bonds. This wil'
require $120,000, leaving $123,000 for other uses.
"The Evansville Division is 72 miles in length, and is in
addition to the 184 miles before mentioned, making the entire
length of road 256 miles. The earnings of the past were made
by the old equipment, which was not well adapted to the
road. The new will
net earnings."
do more work at
less cost,
making
larger
—Attention is called to the card of Mr. F. E, Trowbridge in
Of the above imports for the week in 1886, $132,613 were
Mr. Trowbridge is remarkably well
American gold coin and |3,433 American silver coin. Of to-day's Chronicle.
the exports during the same time |9,840 were American gold known among the bankers and brokers of Wall Street, and
his energy and ability in conducting his business have been
coin and |3,371 were American silver coin.
evident for some years past. He is also a director in several
United States Sub-Treasury.— The following table shows of the large financial institutions of New York. Mr. Trow(he receipts and payments at the Sub-Treasury in this city, as bridge invites the attention or correspondence of parties
well as the balances in the same, for each day of the past week
buying and selling stocks.
-Messrs. Latham, Alexander & Co. show their usual enterBalances.
prise and large methods of doing business by taking the last
Payments.
Receipts.
Date.
Coin.
Ooin Cert's. Ourroiey.
page of the Chronicle to-day for the announcement of their
banking and cotton business at the present opening of the
S
$
$
:
10
1,139.772
1.304.782
1.519.451
1.370.226
1,198,072
1,524,554
1.252,986
1,280,449
1,668.271
1.149.590
1.677,591
1,788,811
..
8.056.857
8,817,698
gept. 4
«
"
"
"
Total
7
8
9
51,765,880
51,716,540
52.000,390
52,170,450
51,517,610
51,026,370
128,284,901
128,257,939
128,114,565
127,976,991
127,947.520
127,916,703
27,396,876
27,497,512
27,208,216
27,396,366
27,599,157
27,857,957
—
:
ing about seventeen factories. At the present time the American cotton Oil Trust controls 88 per cent of the entire crushing
capacity in the United States, which numbers some 131 mills.
In 1885 about 600,000 tons of seed were crushed, the product
from which averaged in value about $30 a ton.
The American Ctotton OU Trust is much the same in form of
organization as the Standard Oil Company, and some of the
Standard people, as individuals, are largely interested in the
American Cotton OU Trust, which is simply a combination
of all the cotton oil business under one management, thus
avoiding competition or any conflict of interests.
The American Cotton Oil Trust gives its certificates on
certain terms to the owners of the several mill properties in
exchange for title to the property free from all debts and incumbrances. The Trust then assumes entire control through a
system of superintendents. The certificates are a first and only
ben upon the property, and the entire issue of them to date is
about $30,000,000, including $6,000,000 just issued, the par
value of the certificates being $100, and no more certificates
can be issued except for the acquisition of property, the actual
present value of the mill property acquired so far being estiThe production of cotton seed oil has
mated at $15,000,000.
been profitable, and parties interested in this Trust claim that
dividends of 10 per cent.per annum on the $30,000,000 certificates can be earned now, with the prospect of larger profits in the future.
The Board of Management consists of nine trustees, three of
whom are elected each year, No obligation can be incurred
beyond a stated amount for salaries and oifice expenses, fixed
at the annual meeting of the certificate holders.
The present board is composed of John V. Lewis, W. P.
Anderson, F. H. Baldwin, of Cincinnati; W. H. Burnett of
Chicago; .l.W. Cochrane of Memphis; E. Urquart, Little Rock;
J. Aldige, New Orleans; Lyman Klapp, Providence, R. I.; J. L.
Macaulay, New York. The principal oflice of the Trust is at
18 Broadway, New York. The officers are John V. Lewis,
President; E, Urquart, Vice-President; J. L. Macaulay, Treas;;:
this
Shares.
Shares.
23 U. 8. Life Cns. Co., N. Y..100
10 Imp. & Traders' Nat. Bk.306
262
10 Eagle Fire Ins. Co
80 Northern Gas Lt.Co.,N. Y. 36
425 People's Gas Light Co. of
Albany
$70
106 Centre Kutl'd Marble Co.$115
50 Gaines Coal & Coke Co.. $2
50 Addison & No. Penn. RR.$40
4 Nat, Bhoo & Leather Bk.l36>4
12 LeaOier Mfrs.' Nat. Bk .194
25 Mechanics' Nat. Bank. ..161
12 Hanover Nat. Bank
156»s
I35I9
26 Fourth Nat. Bank
American Exch. Nat. Bk.l44
National Broadway Bk..282
31
35
14
20
Nat. Bk. of the Republic. 128 »4
205ifl
Chatham Nat. Bank
100 Farmers' Loan & Tr. Co. 425
187%
7 Second Av. RR. Co
Bonds.
$240 Coupons from Addison
&No. Penn. KR. Istmort.,
$60
due Aug., 1884
$200 Kenosha & Belolt BR.
Co. of Wisconsin Ist 68,
July, 1859, coupon
$2
Unlisted Securities.—Following are latest quotations from
Petroleum Board and N. Y. Stock Exchange
Bid. Ask.
SecuritiM.
StcwritUt.
Amer. Cotton OU Trust...
Am. Bank Note Co
Amer. Tel. & Cable
Bank.AMerch.Tel., geu.H
Host. H. A E.— New stock
Old
Trust stamped stock
Host. H. T.& West.— Stk.
Debentures
Brooklyn Klev'd— stock..
—
Istmort
2d mort
66 >4
28
12
681a
N. Y. M. On. Tel.—Stock.
N. Y. W. 8h.* B.— Stock.
North. Pac— DlT. bonds..
North RlT. Cons.— 100 p.c
Ohio Cent.— Riv. KIT., Ist
H
9
Cent, trust cert
<& Atlantic
83
35 "a
88
106
78
V
7%
26 <
Den.&K.G.con.U.S.tr.cer 107 "a
49
5s. U.S. Trust certs
18 >a 19=8
Denv. & Rio Qr.W
110 130
EdiHOn Electric LiKht
Ennlt. Gas Co. at N. Y
FUnt & l*er6 Marquette.. 19
ist
mort
Postal Tel. & Cable— Stock
State of Tenn.— 8et't...3s
Settlement, 58
St. Jo. & Grand Isl
Ark.
St. L.
80
38 >«
& Texas, stock
18>a
96 's
44 ^a 46 ^a
mort
2d mort
Ist
St.
St.
Louis Ft. S. A Wlch..
Paul E.& Or. Tr., 1st Bs
1091a
Texas
211a
QoorKla Pac.— Stock...
Istmort
& Uhlc. 1st mort..
M.K.iSkT.— Income scrip.
Mich.
New Jersey &
N.
Y
311)
32
58
72
75"
1
SattMtt0
67
lUa
Peusacola
& Pac.— Scrip 1884.
16 -, Tol. & O. Cen. com. stock.
lOBialOSia
Pref
1st 68
Tol A. A. & N. M-.
2d8
63>a
1st mort.. 68
Henderson Bridge— Stock 80
TJ. 8. Electric Light
Keply Motor
42
Vicksb. A Meridian
Little Kock & Fl. Smith
1
4=8
Istmort
Mexican National
12 >4 13^
2d mort
Pref
91
Preferred
30
. .
6>
Calilomia Pacific
Cont. Cons. Imp. Co
& Qreen'd Lake, lat
2d mort
N. Y. City * Norihern.
65=4 N. Y.
37
•
40
ao
91 »4
40
......
60
4«8
921a.
60
11
Incomes
West N. Car.— Con, mort.. 100 101 la
21
Wisconsin Central
33
Pref
awjtl
IfiixanciaX.
Jules Aldige, Secretary.
Louisville EransTille & St. Louis.—The following circular has been issued in the foterest of the Louisville Evansville
St. Louis Railroad, now in process of reorganization
St. Louis Railroad Company
"The Louisville Evansville
will issue two millions first mortgage gold bonds, bearing
per
cent
per
interest at the rate of 6
annum from Oct. 1, 1886,
principal and interest payable in Boston. One million of
these bonds are for sale, for which, or any part thereof, proposals will be received by William T. Hart, chairman, at Continental National Bank, Boston, on or before Sept. 15. These
bonds are secured by a mortgage on all the property of the
railroad company now held by it, and all that it may in future
acquire, namely, 184 miles of 56 pounds eteel rail railroad of
ataudard gauge between and in New Albany, Ind.,and Mt. Ver-
&
—
Auction Sales. The foUovnng were sold at auction
week by Messrs Adrian H. MuUer & Son, 13 Pine Street
1
American Cotton Oil Trust. From parties interested to
a greater or less extent in the cotton oil certificates, the
Chronicle has obtained the following information
The organization originated some two years ago from the
consolidation of the Arkansas and the Texas syndicates.embrac-
ttrer;
cotton season of 1886-'87. Attention is called to this card of
the firm, and those interested in stocks or cotton will find
every facility for their transactions if dealing through this
bouse.
United States Government and other desirable
SECURITIES
:
&
FOR
INVESTORS.
All stocks and bonds listed on the New York Stock Exchange bongbt
and sold on oouimission for cash.
Deposit accounts received and Interest allowed on monthly balances
subject to draft at slKht.
HARVEY" PISK
88
Nassau Street,
&
New
SONS,
Yobi.
Septembkr U,
THE CHRONICLE.
1886.J
buying 3-16 disi discount, selling J discount; Charleston,
count, selling par; New Orleans, commercial, 50 discount]
bank, par 8t. touis, 50 discount Chicago, 60 discount.
She l?a^*fe^^?U®5^*5l
~
^
I
V1DB
.
When
Coins.
^,^
PayoM*.
(Day
1
A
1^
Lewlatown
Oct.
1 Sept.
Ocu
Iflept.
—The
following are quotations in gold for various ointc
inelutive.)
19 to Oct. I
16 to
WALL
arTREKT, FBIDAY, Septenber 10. 18S8-3 P. 91.
Tke Money Market and Financial Sltaation.—The
week has been without features of great importance, and the
yacht races have abaorbod much time and attention from the
The money market has so far relaxed that the
ntes paid hare ceased to be an element of great weight in the
current stock speculation, and other matters are much more
(took brokers.
talked about.
84
Napoleons
8
X Z Relobmarks. 4
XOollders
3
Span'h Donbloons.15
Hex. Doabloons..lS
Fine yold bars
Pine Mlver bars . .
Dimes & >• dimes.
railroad earaings
they
as
month from the
are
reoeired
for
week
the
Our
oompaniea.
respectiTe
table
for
Jtily, and out of some
aeTenty-flve roads reporting only five or six show a decrease in
The net earnings now at band for July
their groas earning*.
also maintain their good standard and exceed largely the same
month of IS^-'i.
It is rather a healthy sign when the movements of the stock
market hang on the reports of railroad camings, as
value
of
point
directly
to
the
actual
the
these
but even here a word of caution
different properties;
suggestion
of
place,
and
the
may not be
out
is pertinent that last year the earnings of many roads were
notoriously bad, making the comparison this year just that much
better. It is also worth noticing that railroad building in some
quarters ia now vary active, and the transportation of railroad
material swells the earnings eonaiderably, white next year the
railroads will not have the same material to carry, but on the
contrary will have a new toad to compete with, which has in
the mean time been constraoted with uiat same material.
The open market rates for call loans during the week on
stock and bond collaterals have ranged from 1 to 7 per cent,
and to-day the rates were 5^7 per cent. Prime commercial
paper is quoted at
per cent.
The Bank of England weekly statement on Thniaday showed
a loss in specie of £995,000, and the percentage of reserve to
liabilities was 43 15-19, against 44 last week; Uie discount rate
ramains unchanged at 8| per cent. The Bank of France
gained 1,873,000 francs in gold and 875,000 franca in silver.
The New York Clearing House banks, in their statement of
September 4, showed an increase In surplus reserve of
113,875, the total surplus being tA.M0,4}3, against 10,907,150
Angust continues the good record of
'
1891
4t.l907
(
(
(
eia.
Oboauite.
Ket
Oiftr'iMMA'TC
1884.
AM.S.
stpi.e.
«33«.ioa.aoo I>ae.t3.OTa,«00 •824 355.800 9289^)47.300
70.:
KMUMO fae I.e7«.800 114,303.400 75.706.000
!4.275,100
8.0ei300 Ine.
9.707.300,
78,S00
MA.aS 1.900 Dee. 8.441.10O S88.S03300 804.563,600
a3.lM.100 Oeo. 8,528,200
29,U63.800
863*7,300
M8,«87.1>76 Dee. •860,275 •87.700.9.V) •76,140.900
98,408,400 Dee.
847,000 14».eO.).70C 105,669,800
8«.»20,425 Ine
all
1885.
$13.275
.
9»1.899.7.'.0|
829.528.900
Bxehange.— Sterling exchange has been very dull and quiet
the week, the demand being very light.
Rates have been
held very Srra, however, in consequence of the scarcity of commercial Mils, and posted rates were advanced i cent to 4 82|
and 4 85|. Oold was received to a limited amount early in the
week.
The
rates of leading bankers are as follows
:
BtoUmktr 10.
rltng bUla on London.
^-
JMatyeommerolal
nrto(f»aaoal
,
4 82>s
4 80Ha4 81 <
4 8U>«a4 80%
5 2S 95 24%
SO^fSSOItte
AasSamlaB (gallden)
•taaMttrt or Bremen (relehmarkal..
94>li«04>a
ro-tlay tlie rates on actual buaineas were as follows, vis.
Bankers' 90 days' ateriing, 4 61}^ 83; demand, 4 84{04 85.
Cables, 4 851^4 85t.
Commercial bills were; 4 80(^4 80^.
ContinenUl bills were: Prancs, 5 34{®3 85 and 5 81i®9 831;
reirhmarks, 04|OMi and94{<3e5; guilders, 89}@40i.
The following were the rates of domestic exchange on New
Tork at the under-mmtioiMd eitiea to-day: Savannah, buying
'aa.
— 99\9
—
Pemvlan sole
—
92
Mexican doUars.. — 73
Do unoommero'l.— 71
par.
• — 94
J» — 75
» — 74
• — 72i«
•186
»
71
KngllshsUver.... 4 80
71
0. B. trade dollars
n. 8. sllverdoUara — 98>«9
•
This
Is
109"'g
i
J
.
A
A
A
A
A
J.
J.
•110
•lasHMsa^i "laeu
•189
•129
'ISS
T
Sept.
^'-
r-
•110
loss's 110
.-Mar. 110
•125 '125
.-.Tan. •186
.-Jan.
lS6>e '126 •120
.-Feb. •100»«-100>< •100"*
y.
J.
J.
J.
6a, onr'ex, "97..
6s,car'o7, *98..
6*. oor'cr, ^9..
100
•110
no
Sept.
IS!-
9.
110>s 110
110
•no
125>« 125 14 »128ls
•126 •I26I9 1S6>«
•lOOH -lOOU •100 >4
•126V» •12-t\ •124\
•129
•127>4 •127 >4
J MSI"*'^!^ •I3li^ •131»8^129'e •129»9
1334 •132H •132 Hi
J. n83>«n33\ •131
J. '135>i •135% •135\ •135 •« •134»9 •134%
the prloe bid at the
mominx board no laU was made.
:
8tat« and Railroad Bonds.— The governors of the Stock
Exchange this week resolved to refuse to li&t bonds of the
State of Georaia, on the ground of its repudiation of certain
bonds some time ago. Sales the past week have been light, as
follows
$35,000 North Carolina consol. 4s at 99^-101 ;
$10,000 do. 6s, 1919, at 130 ; $18,000 do. special tax at 10 ;
$58,000 Louisiana consoL 48 at 76i-78i ; $6,000 Alabama
Class A at 105 : $3,000 South Carolina 6s, non-fundable, at 6 ;
$85,000 Virginia 6s, deferred, at llf-ll} ; $10,000 do. trust
receipts at ll)-lli ; $1,000 Tennessee 6s, new, at 63i.
Railroad bonds have gradually improved during the past
week, both as to the amount of business done and as to prices.
There has been no conspicuous strength and no special activity in
any class, but prices have advancea and the ^mand improved
slowly. Missouri Pacific bonds were somewhat prominent, and
advanced on the announcement that the company had arranged
with a syndicate of prominent bankers to extend at 4 per cent
:
the 6 per cent bonds due in 1888.
The closing prices and range of a few leading bonds are annexed;
Oloting.
JTohm 0/ Bond.
Sept. 3. Arp<.10
T. L. E.A Weat.SdoonaoL 6s,ez.Jiiiie,'86,ep. 100 >s
94
FoBded eoop. 5a
101%
West Shore. Koar. 4a
66318
Texas A Pacino Bios, 6a. op. off.
54
Do
do inc. A land gr. 7a..
56 >«
do ft. m. A ter. 6a.
Do
off
74
M. O. Paolllo, let 6a, conp.
\
Bangt tinee Jan.
Lo»t*L
1,
'86
BtgKuL
ir.
.
.
H.l,.7*,cp.off. •111
Mlaaonrl Paoillc. lat oonaol. 6a. 113>a
Ho(U.ATez.C. lal
East Tenn. Va.
A Qa. 5a,tr. rots.
Do
do Ino.tnistreoelpta
ITorth Pao. lat 6a.eoup...
•
tSM.
Hi and
Five francs
but
ql.-M»r.
4>is,
m^i
the previous week.
Toe following table shows the changes from the previous
week and a comparison with the two preceding years in the
averages of the New Tork Clearing House banks:
light,
Inlerett
Periods.
.
or
—
89
80
00
63
65
par*>«preni
95 • 07
90><« par.
transactions in government
prices have been firm and are a
One feature was the sales of
fraction higher than last Friday.
the currency 6s of 1898 on Wednesday at 133-184.
The closing prices at the N. Y. Board have been as follows :
found to make a handsome 4S.1907
option U.S..
exhibit,
and nothing has more influence in the stock 3s,
6a, cur'ojr, "OS..
the
reports
of 6«, our'oy, '96
market at the present moment than
be
will
—
Silver
• 3
• 4
9 4
• 15
• 15
United states Bonds.—The
bonds continue
4>SS,I891
Railroad earnings, which are given on another page for the
month of August,
•84 87
Boverelgns
Book* Cloud.
1
BaUroaAs.
BsnboiT
;
;
N D 8
XM followloK dlrldaiuU hare raoently been aiinoiinoed:
jroDM 0/ Company.
303
lOOSa
7e'>8Jan.
102
67
54 >a
lOO'^s Auft.
r7>4 Fob.
•58
73
34>aHa7
105
72
Jane
Ang.
61>4 Aoc,
61i4Aa»
80 Aug.
114>sAac.
115 Aag,
68>4Jnn. lei's Aug.
28 Aug.
17<>bMiu-.
limJan. 120 June
51
•111
102
114>4 108
99 >4 •100 >«
25'rs
27
116
115U
45>«Jan.
34 Mar
102>s Aoc.
9e>«llar.
Jan.
Jan.
Jan.
Bid prloe ; do sale.
lUUroad and Miscellaneons Stocks.—The
volume of
the Stock Exchange the past week has been somewESt' larger than the week before, still there has been no
special activity and the market has been almost without feaThe decided strength and buoyancy which was the feature.
ture of last Friday's business has not been continued this week,
and, although prices have generally shown a firm or strong
A strong
tendency, ^ere has been no very important advance.
undertone prevails, however, and what little news has been developed has been of a generally favorable character, while the
Street talk tends toward the opinion that the market is merely
waiting for some impetus on the bull side, or an increase in the
outside demand, to start up again.
few amvals of gold, in small amounts, were reported
early in the week, and the money market has been easier, the rate
being bid down below 1 per cent early in the week. The railroads
are nearly all of them aoing well, and earnings continue to inBull points have also been plenty from Chicago,
crease.
where the operators have been predicting great things for St.
Paul and Northwest, which has had some effect on those stocks.
Lackawanna has l)cen (|uite active and strong on manipulation, and early in the week .lersey Central was further advanced
on bull rumors. Weatem Union was pushed up on an active
demand, after the directors had resolved to pass the dividend.
T. and the Wabashes were the feature,
On, Thursday M. K.
being active and strong. Missouri Pacific improved on the
announcement of successful arrangements having been made
to extend the bonds falling due in 1888.
The new stocks of the reorganized East Tennessee Virginia
Georgia Railway were listed at the Stock Exchange this
week, and were started oS with some little activity.
'b iufiiysjy)n
A
&
&
THE CHRONICLE.
304
{you xLiu.
NEW YORK STOCK EXCHANGE PRICES FOR WEEK ENDING SEPTEMBER
10.
HIGHEST AlfD LOWEST PRICES.
BTOCKB.
Satordsy.
Monday,
Tuesday,
Sept.
Sept.
Sept.
Active IIR. Stock*.
Canadlau
65% 65%
44% 4.M8
54% 55T8
Paclflo
Canada Southern
Central ol New Jersey
Central Pacltio
^.Cliesapeake AOlilo
1st pref .
2dpref...
Do
4.
.
•42 "a
8
*15i4
431s
8
le"*
Bo
& Northwestern
&o
122ie 122>«
pref
143
126
*13
Chicago Rock Island & Pacitlc,
Chicago St. Louis & PittsbuTB
bo
Chicago
*65i4
6618
45 14
55
451-2
'42 "a
81a
•1514
Paul Minn.
& Oin
^.
110
pref
81a
leifl
8%
127"
47%
47%
5SM
31%
59i.a
ClevelundCol.an.&Inrtiauap.
311-j
31%
Ooluuibus Hocking Val. cStTol.
129''8
130
West
12938
Delaware Lackawanna &
31
Denver* KioG.. a-sBCSsm't pd
6I9
6
6^
East Tenn. Va. & On., asa. pd
1408 l^^e •1438
pref., afs nd
Do
East Tennessee Va. & Gn. K'y.
'
Do
1st pi of.
2d pref.
Do
EvansvUle & Terre Tlaute....
Fort Worth & DenverClty
Green Bay Winona & St. Paul
Houston it, Te.xas Central
'89
*12i2
Long Island
LomsviUeA Nashville
Louis.
New
Alb.
&
Cliicago.
Manhattan Elevated, cousol
Memphis & Charleston
MlohlKan Central
Mil. Lake Shore & West
Do
Minneapolis
& St. Louis
Do
Mobile & Ohio
Hashv.Chattauooga&St. Louie
11% 11%
8716
87iS.
87»6
Do
45I8 453b
54I4 .54I4
1371a 1381a
80
81
21
44% 44%
3158
661a
24
45%
4538
54
137
BochesterA Pittsburg..
Bonie Watertown & Ogdcnsb'g
8(. Louis <& San Francisco
Do
Do
pref
1st pref
Bt. Faulcfe
Duluth
Do
pref
Paul .Mlnneap. & Manitoba
Boutheru Pacltio Co
Texas & Pacltio
Union Pacltio...
Wab. St.L &P.,P.Com.ropfs.
Bt.
891a
19
12I2
1258
891a
12%
87%
67
4414
2436
32 14
8138
81
8II4
88
881a
2OI3 21
4434
31=8
88% 88%
44%
201a
*44ia
201a
3214
IIOI4
31%
109%
3218
llOHi
I514
15 14
67
67
IIOI4III
9%
21%
32%
741a
10
22
33
75I4
45% 46%
•6%
19"
7
2114
161a
44%
211a
I6I2
45>4
28
28 14
59%
24%
601a
2514
89
2013 201a
45
4413
31=8
110
16
68
67% 6S
44%
3218
112
16
6814
llOia llOlg liU%
110
91a
21
321s
9%
9%
2114
•21
32=8
45"8
46I4
•6%
211a
33
•6%
7
44%
27% 28%
291a
2913
2858
*4'2
51*
*4%
138
8t.
& Alleg., receipts.
Louis Alton
Do
<S
Terre Haute.
Cameron Coal
Bomestake Mining
Ontario Silver Mining
^eouessee Coal * iron
1
45i«
5538
43I4
81a
•I514
•914
6638
3338
551*
43=8
430
323
81a
10
10
53
55
2,303
126,100
•44
32 14
111%11238
59
60 14
31% 31%
13058 13114
14% 14%
13
13%
6:^%
28^8
•89
09
2858
90
19% 19%
12% 12%
33% 33%
5I8
•5
5^% 57
19% 19%
34% 34%
56%
19% 19%
34%
66'4
67
5758 5836
57% 58%
137% 137% 137% 138%'
66% 67% 67
67=8
9%
33 14
75% 75%
4638 46%
19
7
7
'21
21%
17
1738
44% 44%
28% 2836
6OI4 60%
25% 25%
9%
8%
8I4
8%
45
45
•18% 19%
*3l4
3%
92% 92%
*3i4
3%
96 'a
5%
74
8%
•25
64
127
57
IO514 10514 106
209
16% 16%
106
209
51'8
61
25% 25%
33%
29%
25%
3038
26I4
281a
29
29%
29»4
5%
75
29%
59%
L13
54%
LIO
•5
•72
5%
75
29% 2958
59% 6038
112% 113
53
55
10938 10938
114% 114% 114%
36% 37
37
1458
14% 14=8
5638 57%
6638 56%
20
19% 20% 20
34% 3558 35% 3558
8%
8%
19%
141
120
*8%
-19
8%
19%
94 14 94I4
•314
4
140
106
90%
*140
838
838
19% 19%
•3%
•5%
95
143
108
64
123
3%
95
22
30
31
•30
•55g
7
22
35
16% 16%
SI*
•29
54
hesc are the prices bid and asked; no sale
54
8%
34
85
149
6%
•22
26
•30
35
16% 16%
19
19
26
54
waa made
54
Highest.
liOwest.
68% July
47% Aug.
57% Mar.
44% Aug.
7 May 6 13% Jan.
13 Apr. 30 21% Jan.
8% May 11 15% Feb.
138 May 17 146 Aug.
128% May 15 140 Jan.
8258 May 4 9638 Jan.
6.521
5,883
2,826
97
24 116 June
24 61% Aug.
3 38% Feb.
Jan. 19 135% Feb.
May 4 3 1 % Aug.
.Mar.
43% Mar.
26% May
98,180 115
6%
438 June 25
1,930
1,100
14
3
3
4
8
6
13
11
5
18
6
17
13
12
Aug.
19
26
54% 55
at the Board.
54% 54%
•5%
•22
7
26
163«
1638
25
55
25
55%
7
11% June 24 15% Aug. 7
13 Sept, 9 13% Sept. 10
5,530 68 Sept. 9 69% Sept. 9
1,83.^ 28% Sept. 9 28% Sept. 9
300 67% Jan. 29 90 Aug. 2
275 15 May
25% Feb. 1
1,300
Jan. 16 13% Aug. 20
8
150 25 Mar. 23 37% July 20
400
5 134 Aug. 31 143% Feb. 9
2,000 12 July 17 28% Jan. 5
150
7'4 July 15 18% Jan.
5
59,253 76% May 3 90% Feb. 9
420 80 Jan. 20 100
June
I
.
21_
17,0001 3358 May 3 47% Aug. 6
3,343 32 Mar. 25 56% Aug. 2
44O1I2O Jan. 2,140% Aug. 28
1,500 29 May 19 40 June 23
4,36l! 61% May 4 83
Aug. 3
500: 22
Jan. 28 7l%Juue 3
1,250 50% Jan. 18 95 June 10
400 16% Mar. 24 23 June 9
600 40 % Mar. 24 51% Jan. 4
32,570 21 May 3 33 Aug. 11
10,5131100% Mar. 24 11438 Jan. 11
235 11 May 22 17 Jan. 5
6.457 43% Apr. 29 69% Seiit. 10
12,739 98% May 4:111% Aug. 11
2,845
4% Mar. 24 10% Aug. 21
1,105 11 May 4 23 Jan. 5
39,059 22% May 3 3438 Aug. 11
520 50% Jan. 18 78% Aug. 11
32,010 30% Mar. 24 47% July 28
240 15 May 3 21% Jan. 4
320
6 Feb. 1
8% Jan. 2
775 17% Jan. 25 24 Feb. 9
990
Mar. 25 18% Aug. 6
8
4,200 25 Jan. 25 47 Aug. 6
3,745 22 May 4 2958 July 27
23,448 53% Mar. 27 62% Aug. 6
8,860 1938 May 3 26% Mar. 5
100 13% Mar. 24 19 Jan. 4
17,930 25 Mar. 24 35% June 21
9,750 16 Mar. 24 3038 Sept. 10
8,800 18% Feb. 5 31 Mar. 8
100 75 Mar. 1 150 July 1
4,025 27% Sept. 1 38 Feb. 2
338 Jan. 16
5 Feb. 15
111 25 Jan. 18 79% July a
6,620 17 May 5 30% Aug. 28
8,430 37% May 5 60% Sept. 6
660! 97
May 51114% July 15
2,065, 37
Jan. 18 67 Apr. 12
645 99% Jan. 26 114 June 16
1,327 106% Jan. 19 118% Feb. 25
1,355 30% Mar. 17 41 % Apr. 24
7,975
7% Apr. 30 17% .-Vug. 11
17,200 44% Mar. 24 59 Aug. a
4,280 12 May 14 20% June 23
12,240 2338 May 20 35^ Sept. 9
99 138
Aug. 211.50
101%Jan. 28'lll
81
May
71 51
1001119
66
Mar. 26 130
7
4i
13
160j 70
May
1,975'
5
425
50'
2%
5
16
15|
4
7
Mar. 24
1
Jan. 18
June 10
July
Feb. 12
Aug. 10
Feb. 26
Jiue22
9% Jan.
75
Sept.
2!
6
8
13
6
23
Jan.
5
7
22% Jan. 5
95% Aug. 24
4% June 11
7% June 10
Aug. 4
100% Feb. 26
..93
80 132% Jan. 9 144 Jime 8
222il00%Jan. 201109 June 1
47 204% Jau. 18 211 Mar. 3
40O 19% May 8. 33% July 26
182 141 Jan, 2I15O Mar. 6
4% June o! g Jan. 6
200 20 May
I7I 29
July 16
"'
200
2 May 3; 10% July 2
200 27 June 2' 46 Feb. 3
80 June 26 95 Feb. 16
194
9 Jau. 13! 21 June 1
15'i 17
Mar. 131 23 Jan. 6
120 25 Sept. 10; 30 June 23
1,700 38 M*r. 25! 56 Aug. 6
34!
143
106
30% 30%
19
54%
60'8
26
149
*5
8%
32
44% 44%
28% 28%
3333
•5
1886.
80
1938
85
pref.
6%
21
1738
30
26
•72
1,
1880.
28% 28% 2838 28% 8,035 21 May 4 30% Aug.
78% 79% 79
79% 15,760 74% June 3 111 Feb.
100% 100 10038 5,'296 87% Jan. 181108% Feb.
100%
100%
26% 27% 1,445 16 June 8 31% Mar.
27
107 107
107 107
107
2,150 93 May 4l 109% July
56% 58% 57
57% 29,190 49 Feb. 23 67 Jan.
57% 58
138%
138%
138% 138% 2,280 128 May 3 139% Sept.
67% 6838 67% 68% 6738 67% 70,025 60% June 9 75% Jau.
•95
140% 140%
19
6%
21
1738
33%
6
106
210
33
149
•4% 7
•21
25
10
21% 21%
32% 33%
7434 74%
4533 46%
64
65
128
325b
68% 68% 68
69%
110% 110% 110% 110%
6I4I
6
6
•5% 6I4
•14% 14% 143s 1434 *14% 14% •16
22
•05
3238
107% 107% •lOO
64
128
19%
3%
64
89
141
*12tf
•314
83
64
89
64
127
128
,•5%
3938
81
lt)8
64
4558
38%
143
64
8°8
4538
•62
'126
*l0!i
63
126
16%
87% 8838
94% 94%
140% 142% 142 142 •140
109
106% IO714 •106
143
109
8%
1638
110% 111
111 111%
15% 15% 16% 16%
9%
Range since Jan.
400 21%
6
6
20% 20%
44% •42
44%
32%
1,
945e 95%
2
123% 123% 1,094 116 May 3 125 Mar. 3
115% 116% 43,517 104% May 4 116% Sept. 10
141% 141%
625 135 Jan. 18 144 Aug. 9
126%
415 120% May 14 131 Feb. 17
•13% 14%
25
9% Mar. 24 15% Jan. 5
•32
35
26% Mar. 24 36% Aug. 7
48
48% 18,915 35% Mar. 24 50% June 18
140
28% 28%
29
81
64
89
JAN.
2,450 61 Feb. 17
7,705 34% May 4
14,942 42% Jan. 18
1,744 38
Mar. 24
47
54% 53% 55%
137% 138 138
•20% 20%
2614
72
140
106
& Essex...
139
New York Lack. & Western.
104%
New York New Haven & Hart. 210
•30
Oregon Short Line
Pittsburg Ft. W. & Chicago.... 149
Bichmond
64
89
25%
I
575e
I3914
Morris
Quicksilver Mining Co
Do
pref
451a
3338
29=8
72
5638 57
19
191a
34 14 Si's
'19
&
45ifl
29%
140
Inactive Stocks.
Big Sandy.
Ellzabetlit. Lex.
Illinois Cent., leased llnestook
87%
11
SSia
2938 29%
29% 29% 30
2958 29%
29%
59% 59% 59% 60% 59% 60 14 59% 60% 59%
112% 112% 112% 113
H214 II214 112% 112% 113
•50
52
52
52% 51% 52
52%
52% 54
107 108 14 107% 107% 107% 108% 108% 10914 109
114 114
114 114
114%
113% 114
•36% 37I4 3658 37
36% 37
3656 3658
36%
1458 14%
14% 145g 14% 1458 14%
141a 145e
57^
pref.
16% 17
•10
29;ie
28%
Do
13
2tiia
29 14 29% 28% 29% 28
2913 29%
78% 79% 78% 79% 78*8 79
78%
Delaware & Hudson Canal.
100 1001* 100 14 100% 10038 10038 100
26%l 26%
Oregon iTiiproveuieutCo
25% 26
26
24'a 24 la
Oregon Railway ANav. Co... 105% 106
106 106=8 1U6 106
107
Clncin. lud. St. Louis & Chic,
Cincinnati Wash. & Baltim're.
13
2958
Colorado Coal ..t Iron
Consolidated Gas Co
Central Iowa
90
16
1956
& No
28%
90
16
33
291a
•412
5958
25 18
32% 33 14
28% 28%
28% 28 14
60%
25% 25%
6014
30
25%
7
21%
17% 17%
4458 44%
34%
Atlantln& Pacific
Burlington Ced. Ruplds
8%
33
19%
American...
United States
Wells, Fargo * Co
1513
21% 21%
3138
Adams
43 'a
9
3336
5638
PaclticMall
65%
4558
551a
22
*21
2118
4413
5:»%
2434
9%
46% 46%
19% 19%
19%
33i(,
2658
65
89
3438
Pullman Palace Car Co
Western ITnlon Telegraph
Express Stocks.
68
2818
5414 541a
54%
13758
1371a 138
381a 38I3
81
81
81
65
3258
2938
2513
516
45% 45%
138
325s
2938 29%
2538 25%
138 142
•66
2958
87%
45 18 45 %
137
8II4
88I4
911s
12
8858
5638
pref
Do
niBCellaneons StocKs.
Bbares.
19
16% 16%
•10
5114
1381s
Ohio Southern
Peoria Decatur Evansville
Philadelphia & Reading
Bichmond & Danville
Klchiu'd & West P'nt Termina]
121a
9413
110
109% 110
•141a 15%
27% 27%
591a 59%
Oregon & Traus-Contiuental.
90
63I4
87% 87%
4414
pref
pref
Do
Ohio & Mississippi
881a
94% 94%
•15% 16
Northern Paclflo
8%
Sept. 10.
1351a 1351a 13419
1678
12
New York Central & Hudson. 110 IIOI2
9% 9%
Sew York Chic. & St. Louis.
22
22
pref
Do
Sew York Lake Erie & West'u. 3238 3234
•74% 77
pref
Do
46
46%
Hew York ANewEugland...
19%
New York Ontario & Western
6%
New York Susq. & Western.
2113 211a
pref.
Do
Norfolk* Western
9%l
9.
I36I4 I36I4
17
le'e
31I4
Texas
<fe
•9I4
Week,
38
*9
•2014
pref
Missouri Kansas
Missouri Paclflo
13
13
liiH
6314
pref.
*8
15
6518
451a
553e
43 >4 •43
'8
9'4|
15
ISVi
5558
142% 142%
38
Illluols Central
Indiana Bloomlncfn & West'n
Lake Erie & Western
Lake Shore & Mich. Southern.
42%
9
15
9
*8>4
15
9
•89
90
I314
5514
Sept.
8.
Bales
of the
Friday,
ISOia 1361a 1365b 136%
94^ 93% 91-'% 9418 95 14 94% 951*
123 123
1221a 122 "a 12238 123
il63e 1151a llO^o 11534 1165s 116 11638
143 143 Xl41i2l41i.j 14158 1415e
127" 126% 127
120% 120% 127 127
•13
141a
131s 131a •1314 1413
•32
•33
35
35
4713 48I4
48
48
48^4
4838
481a
111
Ill's Ill's Ill's 110% 11159 lU
60ia 611a
61
59% 601s
601a 6i)%
32
31% 3i
31% 31% 3H3 315g
130% 130 130% 13018 13034 13058 13114
31
31
SO'a 301a *30ia 31
6i6
6i8
6I4
*6
613
6
6
14% 141s 141a 1434 14% 14% 14%
13
13
68
69 le
13(>ia
llOin llOia
5858
55I2
43
14
35
•32
4714
pref.
St.
Do
65 19 66
4538 45>a
65l>g
45=8
55% 55 '8
I15i«115% il5%
143
127
Sept.
45
"9
pref
7.
6558
11
8%
•Do
142»2 1421a
^CSilcago cS; Alton
I36I4
13614
136
Quinoy
CUlcago Burlington &
91
9338 Si's
Chicago Milwaukee & St. Paul.
OUcairo
6.
Wednesday,' Thursday,
AND SINCE
I
-Mar. 24!
Jan. 13;
22
September
THE CHRONICLE
11, ISSS.]
SEPTEUBBR
(^DOTATIONS OK STATE AND RAILROAP BONDS.
STATU BONDS.
WECtrRITIKB-
SKCCRITIKit.
Bid.
Alabuu— CUM A. IMM.
ai—M B, 6«, IMW
OlM*C,4«,l»06
b. lO-MOaOO
gL.IUiok* rt.H. In.
107
105
107
103
lOS
I
10
!
I
MlMoan— 8*.
e«.da«li«S
•a.
n\
IS
am
4M 188» or 1890.
. .
AtjVm or CnlT., dae 'M
Pandlnit, 1894-9S
HuuUbal * St. Jo., '86.
.
a,
L.
Claw
Speclitltax.
10
1
99 V
129
Uonaoi. 4<, 1910
1919
6s,
N«w 8PttIeni't— 6s,
12
101
130
101
103
SouUi Carolina—
1888
Oa, Bon.riuidable,
I
esi
Brown oonsol'n ea, 1893 104
TenoMsoo—es, 010.1893-8 62 >a es"
6a. now, lwa-8-1900 .
8as 65
ea, BOW aerlea. 1914 ..
624 85
!
.
Crmp'inlae..<<-4.5-6a. 1913
I
Ask.
Bid.
Sa.ileforrod
Dlatrict of Colnmbla—
3-859. 1924
FandlnirSa. ia9<»
75
7:'.
106%
li>13
!!», 1913
39,1913
Virginia—ea. old
6s, new, 1866
6s. oonaol. bonda
6a, ex- natnred oonpon.
6s. Gocaol., ad neneo
Ohio— 6a. 1886
101 >3
Rhode laL—«9, cp.,1 893.4 120
T*.
I
DBCURITIBH.
Tonnesaoe—Contlcne il ~
K. Carollnk—CnntUined—
loa
104
107
112
115
aiHi Kew York— e*. r«c-. 1S87
Mamp.AI.RaokRR
iia
6o.lou.ia01
17
B.f .B.* N p. RB
lis
a«.iou,i89a
KlM. O. A R. R. RR. Yi-I,
lao
&
10
8o.loui.189S
rt, Ark»ou* rent. RR.
33
110 lias N. C»rollii»-6o.oU. J.AJ,
OMtSt»-74. ir>M. 1X00
11
01
Pnndlac aet, 1900
23
J.*J..'>a-al
78
7*
Wow
bonda.
««
at—prd.
_
lO, 1886.
SBCURITIBS.
Bid.
1867
805
100
78
47
47
90
52
65
79
56
im
Ya"
'119
I
BAILBOAD BONDS.
BBCCRITIE8.
BM.
BECOBITIKS.
BIO.
SECURITIES.
D«L A Had. Caaal-lst.79
BalIrM4 Boads.
113
lat. ext., 7a. 1891
OonpoB. 7s. 1894
1st. Pa. l>lT..cp.,7s.l917
(Mock XrctaMft Friat.)
6a. 1906
Coop, 60.1931
103
—
913
(aot.mT.-l«t.6>,i9:
tnTDiT., is(.6a.iiia
kO-Pnr.
ms
IMS
'
loos
V6
nov. lis
5-6s..
CM^AAltan-I«
taktutui:
lA-ABo.
\
76
ltan«aca,Ao.l911
Aaa.L
ia.o!ASrw.-M
tU.C.A X.-ciXd«»..e.,6s
:o«
6i>60ld,sana4A 19«M
•a. Salt, aortoa B.. 19WI
6a.a«CTaB«r. I91>l
T..'9.1
'
I
aC7a.1v
Jaak.A<
Die
— i«i
lat.«a,ltM
"
—
IM
.
106>slI0«S
i;o9
«aUMtiud.4s.I91»
P)alB4s,l»31
mw
A tndM.— 1st eons
"
A
.
IIOS
.
1I6I«'M7
11»»,
Oaav. iaban t^fa. 1908.
101
111
IMIM
ISO
19<I3
at. I.,
:64
!36S
164
lilir'ms
14WJ.
•.
Tv
123
1-I87...
A D.,7>, 1406....
st.C. A M..7*, 1906...
I
at,M.A
'
West mr.-lsl.6s
.
•.
.-IUc.,6s...
>. -ToB.l.7s
.
1st.
;jrel.,7A
>«»........!..
'ir.-6a. 1931
.t'<i.r.— Isl.7s
..IsjtoM
l.4.p.e.
119>,
.
111
..r.-K-iikl.
90
lU3ls
ii'
M9
87
66
67
103%
,
136
-v 133
106
lU
-
.
my io;%
i:io
,130
114%
-!•> '- ii'i"
I.IS.Y
ohI
0Msot.6a,l»M
&t.P.AM.— laMsLiaiS
fr*. wi»-iaca^Mio.
1:9
103
91
114
106
IM
i«.p.A8.c.-U(3M"0
136
— lat.9Taar.
MMJSt
.
M}
'<t. ..
.n.5s
mi
106%
65 4
136%
mort..
90
lad.c^
....'is,
luu
J^atAToU^istilil •65
UOO. M.KOI.I. I'.s. U»i
l9|.l!8,
93%
87%
gold
1U19 101
73% 90
103% lOS
l)lr.-6s.llllll
'l9t.6a,191V
i>.AC.-lat.ea
I.. .«
Mon.
'K 1916
TkT.
97%
....
l9t.
111
98
.!«
•6.7
ir.-i.-..n
Moprlaaa ntdar
•
4s
Uiaaa aia iMaat qiioUttoaa
(.JT1..1I,,
113
(130
131
120
111:1%
llOig
83
;.iji.so.- l.st,58,r.
i.-l9t,s.f.,7B,1909
76
1911
r
.;
...
-i-l.Bs.g.
78
66%
"77%
'6S"%
100
106
ibs"*
106^1
1912
1937
ios%
'n.,68
63% "84%
i'i»li.liii;i
l9t.si,
land (rr-—
Waat.P'
'-
'
Ilo.R'wi.
BaPao.
'Is.
'Is
.
I-,,.
.
Coi.-
iYs
At.J.Co.AW.-l9t,U«
lU.AHo.Ia.— lst,ex.,UH
8t.I..K.C.AN.— R.e.''
114%116
1
Nn.
'.I
.
W.'-l 1..V1',
133%
,
-..
,
Ist. i4usr..4si
.
WosUUb.ToL-7s. 1900
..
78, 1900, reg
N. W.Tclograiili. -7«.1 PO
MatUn.Tol.-.-^
Col.c.* Ir.C'o
Tenn.Coai A
:
'i01%
123
1!I2
106
'siv;'
106
88
.1..,..
Income Bonda.
(InUrttt payable if camsd.)
Atl.
K1
A
I'ii.-.-Inc. 1(110...
r
reo.
(11
Mnc
In.:
I.
33% 33%
36
40
Saod'kr Dlv.— Inc.iuao
135
MU.
L. Hb.
AW.— Incomes
80
10
104
61
8S
3d, pref ., debentures
6d. pref.. d«»l>entnre8
" 4th, pr.-^
'
80
'
tf.Y.Lnl.
80
Ohio .'to
37
77
76
Peorlali..^
KTansv.Uiv.— Inc.,
-
-
I'J'M
75
76
Roch.APItt8b.-lDr.,lH21
1U05)
A Id. gr.
Romo W. A Og.— Inc., 7s.
IMl
ir
SoCsr. RT.-lnc.,68,
37%
at.I.,A.AT.II.-l)lv.b.lB..
St. Jo. * ft'il 1,1 _M. Ino
40
68
on
:i)3
oxAag. op.
6s Tr j-.
H9
op.
1)8
A tor,
t
w
46%
Mob.AO.— lst.prf.,debeu.
iio'
40%
Mi;
TnutCo,reoelpta
114% ljiM)I.AMun.~Iuc..7s.'90
37
80
'..Us
104% 104% Lob. A WUkesb. Coal— 88
•87% 100
Lake E A W.-Inc.,78,'09
NO
83
I'a
IndBiHT.rt: >i>r .1— '.id.lnc.
105
116%
Ii
80. Pitts.- 1>^ un.
106% 107
,
80
103
I..A...liv.,68i
Ti
.
•95
Kan. C.A 8.-lst,ea, g
rt M.AV.B.Bg.-i9t,es
Tex.A Pac.— lst,6s,1905
Ibla week.
BS
114
SI,'
113%
—
Oaa. m.
OS's
"7ii%,
103
105
111%I
A
03%
11«%
Ti-ii
100%
Pleroe C.
O.
Kqnlpmeat, 7a, 1895.
Oen. mort., Hs, 1981 ..
lst,Bs
Bo. Psc. of Mo
68.
OmnIianiv.-1-.t. 7
III
Sd,7s,1891
BtI..A.S.r.-ad,6a,0LA
6a,aassC. 1906
6a,ClaaaB, 1006
Ist, 6a,
Q.ATol.-l9t.78.im»0
Uoo. A Naples— lBt.79
114
134
104
93
HI
\S
...
ttBr. V P.-P.e.,7s,'9B '108
AUC. A P.-l BtTfls, iboi
"i"
190'
-
>»! II -iNl,79.'8«
2i1, 79, 1.SSI3
Ot.
110%
IW
106%
99
1.17
Kana. Paa— 1st, 6*. 95 110
:tu%
lat. 6s, 1896
DanT.blT.6uaa..'99 114 118
1st, eonsol., 6a, 1919.
85
105
:
111%
Bo,Pao.ar.irlz. l9t,6s 110
BaPao.of N.Mex.-lsi.(t8 •115
Union Pacl6o— lst,6s.. 114%l!l4%
Lanil gTants, 7s. '87-89 1U6
105%
Sinking fnad. 8a, 93.
lla%116's
116%
Beg., 8s, 1803
OoluUeral Trast. 6a.
68.190'
Do
r.,
ll'.i
.
2<1,
106%
:'i"
...
Pek.U'n- Isktis
n»iin-r "-'" 6a
oanjoaqnln Br.—6s..
Cab A Oragon-lst. ea
CW. AOr.—Mor H lis.
"ai'i
A5%
WaiMBh-M.iTol.A W.
>.f ."I
I'.urU I..'.-, .t 1;
Kv«n9.I)lv..^I
91
70
:iil%
'„
loS
:
81>«
88
90
1.11
120
113% 114
93'
•.o:t
-
•,
,.-.
Do
mada
106
•UU
77
66
1'.— lat.K.,Bs,1935
W.-l 91,78, 1917
i-.ji
Rto a., 6a, Ang.
I
86%
113
,1909
..
110% 110%'
Inoomo
I8t.78.1t>ll.'
•x-cp.,e,7,A»,'
>
«,
1
ConsoL,
iit9d.
Dakota KzL-6s, 1910
IstoonaoL. 68,cp., 103.1
Mlu'a Un.—iat,6s. livj-j
SLP.A l)nl.-lB* 58,1931
105V So. Car.
,1930
-t..
1
108
85-.
1
.7s.i
cons., Ue
8d. 7s. 1906
Pac. of Mo.— 1st, 6s..
102% 10a
n»33...
Ch.A
~
kUfMa.-l.....s.».'.
2d. 6b, 1909
Co. receipts
117
Ko. Psc.— Ist,
'-.9.1931
65
"os"
58,1031
\
lull
Orac. Sbort L.-l9t. 6s
X;t.8o <J en ..78,1909
Kxtan., Ist, 7s, 1909
S.f.iVU910
<Ma.Alil.L.
Del.
103%
91
9.1930
..,d.sl931
•eo.— lst,7s..
ChtoAv
1
:21s
H) Jl
A <iiiL-
116
113
136
110
•ibo"
atP.MInn.A Man.-lst.79 113%.
96 s«
1
I
1071a
74% 76
'114
Bellev.ACar.-lst.6s. S3 -110
63
69
130
i:.
,
.
Oen. T'T A Lgr
8t.l.,.AItnn
T.II.-lst,79
art, prof., 78, 1894...
3d. Inc<ime, Ts, 1804
Beller.A Ho. III.— Ist. 89
l...|..-i,i
76
94
Wto.AavP.-lst.7s.1l7l 101
«d.7s,ina7
{fill
MU.A>rad.-lat.6s,1906 116
OtLC. F.Ani.P.—TsL5sl
flHa.A.K.111
Oaai >i
ir
I
ill;,'!!.
117
IIISk
'^^1935
lOT>»lCldUB«-lst.8s." 166
raal>aBl»— IskoooT.,?*! -».
««,
^1 ^I't
1.1.
'.i.-k'ri.V.il
i.r .1. rr.in-. :
is'
vir
...M
120
118
.il.i.,-..
Wa.AMllWkoe-lsi.7s ;••
,
I'r
iYo"
Arkansas Br-ob— 1st. 7s '114% Il5ia
A Fulton— 1st. 7b. 107% 110
115%
CalroArk.AT.-lsl. 7>
1U5
t
I
Jrrinil.S*. 1X7.1
cSal-.i
Baa srml roii«ol
M. P. MID.
K
1061s
AwTa
i'm'is
1«t
1U4\..
Okto.
.>l.6«
..,
las
Cairo
iV
101
loos,
117
.1897.
IIJM|>.IHT..»-.
Itatth
MS
.......^ ......
130
^AM(a.DtT_5a,..>..
111
,l»
N*.(l..t .N.J
.
Sd.tf"
'
130
109
A (I'd Isrd.-lst,6s
8t. U A Iron Mt.— 1st. 7s. iid"%
no
3d. 78. 1897
No. Pao.for.co.— lst,g..tf«
S.O. Pac.— Isl,6s.ir..l02<»
107
100
IMT..79
lll.AJII»'»p.-lat.7J
-.
141
ISSS"* 1391a
135 J::i7>a
.St-Jo.
126
I
;
Ini'.>i>,..-,
Bcloto Val.— l8t,aons.. 7s.
A
ei>s
101
.7s'97
Iii7
Cp.««.18»a.
109
117
190
il.,dcl).,5«.m:)3
t raarsilob.. Is. IIHAI.
rl«
if
..».,6«
JT
.
Istg. 4a. 1051...
I»61
I
'.boods. 7s. 1916.1
«. «oM,7a. 1903,.
_r4,(oM.7s. 1903.
EtoxrniMt.R*. 1939.
W.— iMt
Connol., 1st, Us, lU-J ...
Rlch..tAlleg.-l8t, 78,1920
Trust cn. rerclpt^
Deb."
AtL.t
107\
133
140
lOO'e'lbT"
1141a
!
Rloh..(:r
1631s
>.6a
BrMn
l>
"Ida-Ai"." ..•
^^^t.DI»..8s.
'
isirwukat. P.-l svosl !!""'\o(j
'^AM.P».-7s,190l* 122 >t 124
IU4
1U4\
..».d.6a.lt8.t
llaa.AHt.J.—c°on.n..nil 130
HenL
Co. - 1 nt. i<». 105 %
111^
Ill's
U.A Tox.c'-Iat M.I..7a(
lakWaatacB IMt.. 7sl. 104 lUu
107
|8l.Wa«eA.Ta.7st
3d. tuaao... BatB line. 8s '64'
67
V*a.l93l
134 >.
I
'
'" ""
|W.Taz.-lst,7»
!oasol.7». 19<>5
aV7s, I.Al>. t:xl.,t»0H
at,». W. uiT.,«..iiMiii
at.5«. LA<;..t i'.>t i'.>ii>
•.8.M1BO
'
I
108
-•
'
'
Cod
105 >s
134
951,
* Tol.— 1 «t,ll«
''
>?: •V
Roob..('
iiw'i
95S
I
S
£ai.AW3^-0aa4M,M. 110
*•''.
112', 114
100
101
V
116
137
161
im"
—reoolpts
Uaa..6s,1910
_ .V
SJ.V. Su»'
I>Ob*Dt>
Mldlar,
'
.A lMB.C.-lst,6s.
S
9d. 7s. 1906
:m.68.1»S1
107
1)6
-
:
IWn, uaLIfar. A H.ABt— lst,6o loo .lw\,
ilUS
111
L-».i.-.s^7^,
Pitts.
70
".receipts
133
)(ac«-lf.8a,1930
Aak.
106
3d, 7s, 1894
ad, jriiar., 7», isos...
PlnoC'k R"y-«8of 1932.
i03i(
*******
1892
Pltt«.Cl«T«.
ii5'
U4
f.,69,
s.
Ronie\'
iia\ lis
Tru»t Co.
N. Y. A N. Engl-d-lst, 7a.
!•».«•. 1905
....
V v.- !->Jt.L.-lst6sl931
'85
117
'0**-aSS •iia
.\
166
KaA.AI)«ai2.-Ist.6s
.
.V
il«4608
)
.
•.-1st. 7s. 1906.
').— Pr.l'o,6«/96
•ioo'ii'!
.ilOti
•.
CLX.I. aT.-«s, ep.. 19 17
JUL Ool.76s,1934
.M
im
sTlM*
tratt. ta.
lUV
Baarar 0lr.—4a. 1933.
A
KobUa A Ohto-Ne w da.
I
rlll>w3diis
ExJnao. 18M,eoap..
CulUfl
8t.L.V.AT.H.— lst,g.,7s
118
H.AOsiit.Mo.-lst.7a,'90 iii'
107 s 108
CoUaiaral trast. 6s. 1893
Krt»-Tat.«rtwma6.7s... 126
likKxtoOBion. 6a. 1937
Id.axtaad*4.6a,l9l9.. 114
jRUACslro-*!.. guar.
110 :io
MjBHB'a La.AT.-lst. 6s
118
laC 7a, 1918
l&iSSr.i*..''!^: 105 106 Raii.0liat.A8t. L.-1 st.7 a
Sd. 6a, 1901
Iat.eoM..f«ld. 7s. 1930 164 164 <t
r.
If . T. Oantral-6<k 1 887
m. oooB.. 7s.
Dab. eorta. sxtai. 5s . .
A.1908
117
K.Y.C.AH.-lst,ep.,7s
11364
Deb.. 6s, 1904
nsri,>m— 1st. 7s, floap..
lat.fa,lB16 186
i-^i-':----'
IMVIU
fi. DIT.-S. U.. 6s. 1919
at. I.
St. I.
CMa., 7a, iboilft^i
Op«L,ad,lneaaa.l911.
sas
CIsT.
4tb,
83%
,
Ufc nar. (664i.7s.-M
M.(S60).7s,lt«))....
nar. (llHn.7s,'9«
'
n.o^g»-tst.alL6sJ
_— •B.Bt'f*Ckto-BorL A Q.-Uaas 7s
f^alBklBji tmuL 1601
.
-
A P.—cons s (d.,7s
IIU
11-1
1»3
133 >i
OeDi!ral,5!Ll930
MS
I
'117
3d, 78,1012..
94
lst.6s,cld. ioi' 105
iilSajMO 95 <a 95
>l
M"
Pa.Co.'aguar.4>ga,lat,op
Pit a.CA8t.L.-lst,o.,7B
Pltis. FtW.A C.-lst,7i>
2.1.79.1912..
118",,
&••
Va.AO.-l»t.7a.l90O,\118
KiOS lOlH
noMS . 6s, Trust rue
Ex ep.B lo 13, Tr. rec. 91
106
DtnslaMl 8«. 1960
{K.T.Va.A aa.Rjr.— Isl. 5s 94
110>t
108
loe
105
Bid.
Pa.Ca-s4>9S.re«.,19^1.
Jack. Lan. A Sac.-«s.'91
Alb. A Has4.-lst.7s...
Makiair r«ad. wn91 1
S3>t.' 85
MUw. A Na— 1st. OS. 1910
lat.eaas..«aar.7s. 1 9O0
1 at.
ia«
.Saar.6s.l0<ie| iai" 134
lat, 6a. 18M4.1913
BaK. AO.—
~
"—
111^
144
Ill's
,7s
1CU.L.8.AW.-I8t,l)«,1931
»o, 1014.1925
Mleb. DIr.— Ist.tts. 1934
Bar.C. Bap.A No.-lsLSs 107 iioats I>aBr.ABIear.-l9t..^s..l I'.'O isa'
108 1U9
Aahl-d DlT.~l8t.6s,lB35
OaaaoL A ool.tr..&«,lM4
76
80
lUaa.Ast. L.-lstJs. 1937
D«a.ito.ft.A Psc-li>u7»
lst,7s.<n
Ifliia.AHt.1
81
Daa.ARtoa.Weal.-lsi.6s 80
I».CIar A West.— lsC7* io9y
Is** Jeit.-lst. 7s, 1909
77
76
AssMitad
I.P.* N.-lat.6* 110^111%
Oat.Ilaek.AMarq.-Ist.6s 70
aWw.KxL— lat,7a.l910
lBOa,lMl
60
!>»«- KTt _i.t,^s. 1921 lis
I-s»dKTaDl,3>«l. 8- A..
'
llarC.A Alp.-lst,6s ,,„ llOS!
-«s.l93a
qMat1.6a.19a4
MkB*.—iaLlal.giiBr..5o 104'
»1
••,»•. 191i........j^.
Oaatral Iowa-lat.7s,-09t
RR.—
Poon.97lTanlA
OaaaoL.6s. 190a
UIV
105 >s
6«. 1910
Aa A Pae.lBt.6s, Park.B
SECURITIES*
Aak.
Bid.
MielLCent—Cons.7s.1803 130
Conpona att.
105
100
99%
THE CHRONICLE.
306
New York
Amer. Kxohtokgt...
Butchers' AVTGV'a*
Oliemloal
OltiBeuB'
City..,:
Oommoroe
,.
.
....
OontUental
Com Kxohangre*
£a8t Klver
ICleventli Ward*....
W\ttii
Avenue*
Plrat
TDltnn
Oallatiii
Garfield
.
German American*.
Hanover
IiW.
A
Traders'....
IieatberMannCra'..
Hanhanan*
Market
Hectaanios'
Mechanics'* Trade'
Meronants'
Merchants' Exch...
Metropolitan
Kaesan*
Kew York Connty
m. Y. Nat. Bich....
Ninth
I.
North River*... "I
Oriental*
Saolflo*
ps™.:...;;::
Feople'B*
fffii
..
Bt-Nloholas*
Seventh Ward
Beoond
Bhoe* Leather
State ol New York*
Third
Tradesmen's
United States
PRICE.
PRICK.
OOMPANIK8.
1
COMPANIES.
If w-ked thna (*) are Par.
not National.
SECURITIES.
Bid.
BOSTON.
Atcb. A Topeka.-lst,78.
,„,,
[Prices by E. 8. Bailey, i't Pine St.]
L,I*I.
Bid.
Bid.
Ask.
155
90
160
97
145
170
175
115
115
117
177
185
120
120
125
Plain, 58
American
Amer. Exchange
...
m"
Citizens'
City
26D0
Commercial
120
mo
Continental
ife"
ii2"
100
30
60
Farragot
Oerman-American
Germanla
100
60
60
25
100
15
50
100
40
SO
20
30
50
100
26
60
50
60
60
50
37 >a
35
100
60
25
26
100
20
60
60
25
60
100
100
25
.
Greenwich
Guanliau....
Home....
.......
.-
Jefferson
Kings C'nty (Bkn.).
K nickerbocker
140
200
116
12i
125
125
176
150
160'
Long
Isl'd (B'klyn)
Manufac. <fe Build..
Mech. <fe Traders' ..
Mechanics' (Bklyn)
Montauk(Bklyn.)..
Nassau (Bklyn.)
"es't
206"
m"
..—
...
National
N. Y. Equitable....
N. Y. Fire
North River
Pacific
Peter Cooper
People's
ieo"
166
iii"
108 VI 10
Standard.......
Star
............
l'^8l4
116 i22"
107 "a
230
135
125
103
201
United States
Westchester
Williamsburg City.
246
90
103
123
100
^80
140
117
230
76
114
95
120
17
iW
ibd"
35
30
216
235
85
40
Eagle
Empire City
186
120
110
700
1050
195
160
105
100
105
150
293
136
195
150
152
161
130
129
135
103
63
132
200
50
100
26
26
17
20
70
100
60
100
90
250
136
110
215
70
110
134
140
76
118
210
87
85
110
?s
50
140
150
80
125
220
95
90
120
6
16
85
60
110
95
140
87
165
80
150
90
R6
112
100
160
95
165
90
100
ISO
100
160
100
139
120
100
65
60
110
IKO
106
166
1(15
160
105
M.")
125
105
KO
70
117
135
125
140
135
230
'^45
Mortgage, 58
Mortgage, 4>ae
grant, 78
Cftlilomia So.— 6s
Cons. Vei-mont, 5s
Chic. Burl. A No.— 5s
Chlo. K. C. A West'n-68.
104
QuotaUons by Geo. H. Pbkhtiss
GAB COMPANIES.
Par.
Brooklyn Gas-Light...
Co., Brokers, 49
Bonds
. .
,
Scrip
reople's (Bklyn.)
Bonds
Bonds
Williamsburg
Bonds
Metropolitan (Bklyn.).
Municipal— Bonds
Fulton Municipal
Bonus
I(Qnitable
Bonds
Street.]
Bid.
*
»
2,000,000 Vat 8
1,200,000 Var
260.000 A.<&0
1,000
100 35,430,000
756,000 Qnar.
20
1,000
700,000, F.&A..
100
3,500,000 Quar.
1,000
1,600,000| M.<feN.
26
1.000,000, Var's
700,000 M.&S.
Var'8
10
1,000,000! Quar.
400,000 M.&N.
1,000
130,000 A.xO.
Var's
60 1,000,000 Quar.
1,000
1,000,000 A.&O.
100 1,000,000
750,000 M.&N.
1,000
100
3,000,000
300.000 J.'i'j"
100 2,000,000
1,000
1,000,000
Consolidated as
Jersey City & Hoboken.
Wall
Date.
Amount.
25
20
Cntlzens' Qaa-L.(Bklyn)
Bonds
Nassau (Bklyn.)
<fe
May 5, 86 113
6
Juyl, '86 65
3
100
5
Ii3'ju'el6 '86 79
2 "a May 1, 86 160
1902
114
3
1>« JulylOj'
98
103
3
1902
July
2
1,
May
2'a
l>aSep.
3^ May
1,
110
86 100
15, •86
Apr.
1,
1.
i65
86 102
86 100
Apr.20. 86 ISO
110
78
1888
105
Julyl5,'
150
190()
106
Apr. 1, 86 110
1899
110
190()
July 1, '86
I
Ask.
115
68
105
7911
117
101
105
115
102
67
104
135
114
80
110
162
109
112
113
900,000 J. A J.
Istmort
700,000 J. A J.
1,000
Br'dway & 7th Av.— St'k.
100 2,100,000 Q.-J.
Bl'okerBt.<&Fnlt.F. -Stk
Istmort
2dmort
B'way Surface bds.guar.
Boniasguar
Brooklyn City— Stock
1,000
1,000
1,000
1,000
10
1,000
Istmort
Bklyn. Crosstown- Stock
100
Istmort. bonds...
1,000
Bnshw'kAv. ( Bkln)— Sfk
100
Central Crosstown— Stk.
100
,
50
East Penn.— let, 7s, 1888
Incomes
EastonA Amb'y— 6s, 1920
Mass.— 6b. new.. 126
El.AWrasp't^l8t,88,1910
rrem.Elk]I.&Mo.V.-68..! ......
5s, perpetual
K. C. Fort Scott A O.—7s S119
Harrieb'g— lBt.6s,1883
K. City LawT. A 80.— 6s.. 112
H.AB.T.— l8t,78,g.,1890
K. City St. Jo. A C. B.—7s 127
Cons. 58, 1895...K. City Sp'rt A Mem.— 8s 110 110»8
IthacaAAth Ist, gld.,78
K.C. Clint. ASpringl.— 6s 105
Leh.V.— lst,6s,C.AB.,'98
Little R. A Ft. S.— 7s
95" 116
97
2d, 7s, reg., 1910
Mar. H. A Ont— 1925, 6s.
38>3 389)
Cons. 68, C.A R., 1923..
Mexican Central—48
38
N. O. Pac— 1st, 6s, 1920.
Scrip
41>s
No. Penn.— 2d, 78, cp. '96.
7s
Gen., 78, 1903
Income
62
Debenture 6s, reg
Scrip
63 Hi 66
Norfolk A West.- Oen.,68
Debenture, lOs
126
N. R.Div., 1st, 68.1932
N.Moi.A so.Pac.— 78
128
N. Y. Phil.A Nor.— Ist, 6s
N. Y. A N. England—7s.. 126'*
...r^|118~i
Inc., 6s, 1933
ds
08i4!l08'-j
Oil Creek— 1st, 6s, coup.
2d8, 6a,
106 107 H; Pennsylv.—Oen.,68, reg
Ogdensb.A L.Ch.—68
102
ilOO
Gen.,6B, cp., 1910
CimsoUilated 68
j
East'rn,
Incomes
Pueblo A Ark. Val.— 7s.. il25
107
Rutland— 1st 86....-
5s
Sonera—78
Wisconsin Cent.— 1st
2d series
STOCKS
ser.
800,000
200,000
400,000
500,000
600,000
250,000
J.
A
I,
A. AG.
J.AJ.
Q.-F.
Q.-J.
FA
A
,
,
June,1904
1914
1924
1906
Aug., 1886
Jan., 1902
Apr., 1886
Jan., 1888
Aug.,1886
JlUy, 1888
NOT..1922
July, 1888
Dec, 1902
Aug.,1886
Oct.. 1898
Aug., 1886
June, '93
Feb.. 1914
July, 1886
Feb., 1914
Aug.,1886
,
210
106
104
190
106
160
106
140
160
118
120
130
110
113
106
200
107
220
April. '93 112
39
'1910"
109
1916
58
Feb., 1886 125
1894
113
120
July, 1886
1910
106
May, '88 103
Aug., '86 212
July, '90 110
,
Feb.,
Jan.,
May,
May,
'86
'90 111
'86 265
'93 112
This colnBui shows last dlvldena on rtoOa, but date of maturity
1
7,1906
A
Cln..
Concord
Connecticut River. ..
Conn. A Passumpslo
Dot. Lansing A No., prel.
Eastern
----Fltchbnrg
Flint A Pere Marquette.
Preferred
™vii'
Iowa Falls A Sioux City.
Kau. C. CUn. A Sprlngf d
K.in. City Ft. S. A Gulf ..
—
.--PreteiTed
C. Springf. A Mem.
Kan.
Rock
A
—
Ft. Smith.
-•--/ —
Central
M aine Honght'n
A Onton.
Little
Marq.
66 Hi
{...
16^
18
sioi'
N. Y.
A New
89
88
191*
98
6i)
9314
70
40
70
67
Preferred
22"
..- ---
621a
135
116
130
190
108
220
115
285
113
286
114
RAILROAD STOCKS.!
Buff. N.y. A Phil.,ass.pd.
preferred
Camden A Atlantic
Preferred
Catawiasa— 1st preferred
2(1 preferred
bonds.
A
ShamoklnV. A Potts.- Ts
Snnbury A Erie— 1st, 7s
Snnb. Haz. A W.— Ist, 5s
114
112
107
106
ibi\ 56
137>«
137
133
128 Hi
115
182
102
115
125 Hi
118
117
128>4
128 14
.
103
IO4I1
97
Hi
50
59
32
25
33
102Hl
120
35
121
108
6s,reg.,'84.
22 Hi Lehigh Nav.—
Mort. RR., reg., 1897 ..
34
Cons., 7s, reg., 1911 -.-.
140
cp., 1910..
57 «
871s
Nav.— lst,68,rg.
51V
14
•J8l«
RAILROAD BONDS.
57 »8
—
Canton endorsed
Virginia A Tenn.— 6s
RAlLllOAD BONDS.
Inc. 78, end., coup., '94
Bait. A O.E. Slde-Certa
Belvld'e Del.— lst,6s,1902
3d, 6a. 1887
Bell's
Gap— Ist, 7s,
22
113
118
-.-.-
1893.
122Hi
22I4
II314
Iflllg
114
1905
•Bx-dlvldend.
\
AO
Pittab.ACon'ells.-78JAJ
61 »8 Union RR.— Ist, gua.JAJ
Schuylkill Nav., pref...
Allegh. Val.-7 3-lOs, '98 116
7s, E. ext., 1910.....
Per skaie.
90
103
68
BALTIMOBK.
—
CANAL STOCKS.
ill"
96Hl
Atlanta A Charlotte
100 150 152
40Hl Baltimore A Ohio
131
53Hl'
1st pref
66H1I
125
2d pref
6
60
Parkersburg Br
49
50 6IH1
Central Ohio—Com
64
Pref
9'8
50
Western Maryland
—
West
ioe'ij
RAILR'D STOCKS.tPar
120
Atlanta A Charl.— Ist
Inc
107 Hi
Maltimore A Ohio 4s
Preferred
68I4 Cen. Ohio.— 6s, lst,M.AS.
Little Schuylkill
iii'
63
Charl. Col. A Aug.— 1st.
Mlnehill A Sob. Haven
2d
Valley
Nesqnclionlng
Cin. Wash. A Bait.—lets. 105
Northern Central
60 't
79 ^ 80
2da
North Pennsylvania
67=8 57 H.
37 1<
3d8
Pennsylvania
20 Hi
29
30
Ist Inc., 5s, 1931
Philadelphia A Erie.
120
120
ColumbiaA Oreenv.- lets
Phila. Oer. A Norristown
2ds
Phila. Newtown A N.Y.
131* No. Central 4 His, J. A J
"is
Phila. A Reading...
62
66
68,1900, A.
Phila. Wilm. A Bait
220 _ 221
6s,gold.l900, J.AJ...
United N. J. Companies.
10913
671s
58, Series A
West Jersey.. ... .-....-48
109
5s, Series B
Jersey A Atlantlo.
Lehigh Navigation
128
112Hl
2d, 6s, reg.. 1907
10
9 Hi
103
110
119
130
Pennsylv.— 6a,
35
160
Delaware A Bound Brook
41'
East Pennsylvania
Elmtra A Wllllamsport..
64
Preferred
r-.i--Huntingrt'n A Broad Top
Preferred
571
Lehigh VaUey
62 Is
52
1901
CANAL BONDS.
Ches. A Del.— lst,6s,1888
Schuylk.
9Hl
98
;2»
Cons. 6s, gold, 1901
Cona. 6a, gold, 1908
Gen.,4s, KOld, 1923
68, P. B.,
Gen., 7s, coup.,
08
PHIL,AI>I1I-PH1A.
30
120
215
110
108 12
100
100
195
110
160
112
150
165
126
125
125
135
118
170
115
107
210
110
240
117
41
112
128
133
1896
9I4
-
144 Hi
137
W.JerseyAAtl.- lst,6s,C.
Western Penn.—6s, coup, IO8I4
177
Rutland
Summit Branch
BSHi
A F.— Ist, 7s, '96
46 Hi Warren
West C'ester-Cons. 78.. 114
138
l8t,68,op.,'96 117
12519 W.Jeraey127
1st, 7s, 1899
--"20"
1909
68,
Cons.
.......
Portsm.
106
113
.
531
6=4
A Con y.
120
102 Hi 103
2d, 6s, 1938
Syr.Oen.A Com.— 1st, 7s.
5111
68,1906
Ist,
Pac.—
Tex. A
99 14 100
ConaoL.Os. 1905
5
Union A Titusv.— 1st, 7s
Cons.63,'94
United N. J.—
{58
43=4
124
Preferred
A
Pitts. Cin. ASt.L.— 7s..
B.— 7s,cn.
Pitts. Titus.
127
Northern
Norwich A Worcester...
Ogdensb.A L. Champlaln
Ports. Gt. Falls
Income, 78, coup., 1896
Conv. Adj. Scrip, '85-89
Cons. 68ri8t ser.,c.,1922
Cons. 58, 2d 8er.,c., 1933
Debenture coup., 18931
Conv., 7s, R.C., 1893..
England...
Old colony
Portland saco
1161«
--
Conv. 7s,cp.off,Jan.,'85
Deferred incomes, cp
Phll.Wil. A Bait.—48,tr.ct
97 Hi
Preferred
.
116
118
Perk., 8crip,63.g.,cp.,'«5
46
.
15>8
Mexican ('entraL
Nashua A Lowell.
129
102 104
122
125
129 Hi
Perklomen— 1 st, 68,cp.'87 101
49 Hi Phil.AErie— lst,7s,cp.'88 106
Cons., 6s, 1920
1
CUle. Burl. A North'n..
Chic. A West Michigan
1081a
107»« 108i<
IllSHl
113
111
110
118
C—
96
100
89 ij
—
1st. 8«.
'
127
110
Worcester Naah'aA Koch
28
Cons., 6s, reg., 1905...
Cons., 6s, coup., 1905.
Cons., 58, reg., 1919...
7s, 1896
Pa. AN. Y.
89>4
Cons., 68, 1920
Atchison A Topeka
*192
Phila. Newt. A N.Y.— 1st
Boston A Albany
1125 Hj
)11.
Phil.A R.— l8t,8s,1910.
Boston A Lowe]
201 202H!
Istmort., 4 His. cp..l910
Boston A Maine
191
2d, 7s, coup.A reg., 1893
Boston A Providence
1U4
Cons., 7s, reg., 1911
Bo?ton Con. A M.. prel.. i 140
Cons., 7s, coup., 1911..
BoHton Revere B. A Lynn
10!%
Cons., 6s,g., 1.R.C.1911
California Soathern
9h 9Hi Imp., 68, g., coup., 1897
Central o( Massachusetts
Gen., 68, g., ooup., 1908
Preferred
Gen., 7s, coup., 1908
Cheshire, preferred
88
Gen., 63, scrip. g.,cp.'85
Chic. & East'n Illinois ...
Preferred
July, 1900 114
Jan., 1886
1,500,000 J. AD.
500.000 J. A J.
1,500,000 J. A J.
1,000,000 J. A J.
2,000,000 Q.— F.
Ist'mort
M.AN.
1,000
Cent. Pk. N. & E. Rlv.-Stk
100 1,800,000 Q.-J.
Oonsol. mort. bonds
1,000 1,200,000 J. AD.
660.000 Q.— F.
ObrUt'phrAlOtli St—Stk
100
Bonds
100,000 A. AG.
1,000
I>ryDk.E.B.<& Bat'y—Stk
100 1,200,000 Q.-F.
Ist mort., consol
600<tc,
900,000 J. AD.
Scrip
100 1,200,000 F.A A.
Eighth Av.— Stock
100 1,000,000 Q.-J.
scrip
A.
100 1,000,000
•2d Gr'Ed St.F'ry-8tk
100
748,000 Q.— F.
Istmort
236,000 A. AG.
1,000
«2d St. Manh. A 8t.N.Ave
100 2,600.000
Istmoi-t
1,000 1.200,000 m'.a's.
2d mort., income
1,000 1,600.000 J.AJ.
Houst.W.st.&P.F'y-8tk
100
250,000 JQ.-P.
Istmort
600,000 J. A J.
600
Ninth Ave
100
800,000 Oct.
eoond v.— Stock
100 1,862,000 J. A J.
Istmort
400,0001;M.AN.
1,000
Oonsol
1,000 1,060,000 M.AN,
fijtth Av.— Stock
100 1,500,000 K. AA.
1st mors
500,000 1j. A J
1,000
Third Av.—stock
100 2,000,000 Q.— F.
Bonds
1,000 2,000,000 J. A J
Tfonty-thlrd St.— Stock
600,000 ,a-F.
100
Istmort
250,000 k.AN
1,000
A
July, 1886
100
2d, 68, 1904
Cons., 8 p. c
Catawissa— Ist, 78, con. 0.
New 7s, reg. A coup
Col. A Cln. Mid. 1st m.,6s
102'sil03'« Connect'g 6s. cp. 1900-04
10218 104
Del. A Bound Br.— l8t,78
Wisconsin Central
[Quotatlona by H. L, Gb^nt, Broker, 145 Broadway.]
Amboy—6s, o.,'89
A Atl.— lBt,78,g.,'93
Mort., 8s, 1889
Cam.
117
40
88'a 89
Land
A8k
Bid.
Cam. A
98 >s
109
Bnr.AMo.lu.Neb.-Ex't,6» 120 123
109 Hi
....•
6a nou.exempt
48
SECURITIES.
Ask.
Bell's Gap— Con., 6s, 1913
,.,.
125 1« Buff. N.V.A Phil.— l8t,Bs
I'O
2d, 7s, 1908
Cons. 88, 1921
90
lSt,Tr. 8s, 1922
105
Bnff.PStts.A W.—Oen.,8s
Trust, 08
Clnn. Sandusky A Cleve.
Cleveland A Canton..
Preferred
Gaa and City Railroad Stocks and Bonds.
Metropolitan— Bonds
Mutual (N.Y.)
i
Guaranteed, 7s
Col. Spilngf.
'ia««
124 Hi
Land grant, 7s
Par.
A.sk.
170
144
Z80" 295
155
120
135
200
100
100
26
25
100
100
25
100
25
100
100
100
100
26
26
100
100
100
30
50
100
75
100
25
100
100
50
100
60
100
26
26
100
50
60
100
60
100
100
100
100
70
30
26
60
100
25
20
100
100
100
100
100
100
100
40
100
XUII.
Qnotations in Boston, Pblladelphia and Baltimore.
Local Securities.
Inaarance Stock List.
Bank Stock
[Vol.
t
124 If
107 «
107%
106>4
70>«
38 Hi
2IH1
1141s
104
lllHi
1-24
....
8s
W.Md.—88,
Ist, g.,
J
2d, pref., J.
A
J.AJ. lOJ
2d, guar. byW.Co.,J.AJ.
J...
6s, 3d, guar., J.
WlUn. O. Aug.— 6s.—
A
Wll.
78
A
A Weiaon—58
In dofailt.
{
Last prioe
10l»4 lb2i<
102
129
llOHl
tills
week.
Septeubkb
THE CHRONICLE.
11, ISUQ.
BAILB0.4D EABXINGS.
The
307
Lalfsl Eftrninf/s Iteporlai.
Jan. 1
RO.IDS.
and the totals from Jan. 1 to
Wcekorilo]
1886.
latest date are given below. The statement includes the gross
earnings of all railroads from which returns can be obtained.
8
The columns onder the heading "January 1 to latest date'' fur- StUASan. Fran. list wkSent 109.500
SLPbiiI.v Duluth 4tliw..\ii(f.
51,74d
Biah the gross earnings from January 1 to, and including
Soioto Vallev.
June
50325
the period mentioned in the seoond column,
8t,P.4Lu..v »ian. .Vugiist. ...
626,917
Sonth Carolina.. JiUy
74,785
Lamt MauMnat B^portmL
8o.Pao.Ooinp'y-Jtm. 1 to Latett Date,
latest railroad earnings
'
.
to
1885.
1886.
8
S
85,fiOSi
Lalat Dale.
1885.
S
3,(l02.fiS.-
2,757,039
su.sk;
Sl.').330
39,005
2yD,31S
525,009 4,131,797
595,795
61.138^
714,564
•1,222,314
504,139
,
i
GaLHar.AS.A. June
G.W.TBX.AP.. June
[aals'a West. Jane
Monran'a [.ATJano
N. y.T.AMer.ljune
Bo.uia.
W-korUo
1886.
lt)«S.
1886.
1835.
•
C
8
201.966
2,916
48,710
259,677
12,438
80,081
605,760
225.587
5.659
1,233,330
23,320
1,383,660
43,379'
300,465
255,584
1,949,282
287,813
1,842,994
At3k.T.AS.F. Jal7.
i,a(»,iio 1,181.784 8,244,478 8,409,042
24,100,
64,931
Tex. A M. url.lJane
*8oDora
JuDS
22.382
22,210
142,409
73,729
149,.510
450,949
449,349
Tot AcSrstem Jane
Bait. A Fotomar Julir
112.721
103.806
742.035
T-'i!>.349
628,037 4,022,258 4,027,938
Tot.Paa. Bra.. Jane
Baffjr.Y.A Phil. 4Ul w.Aos
79.700
72.000 1,704.046 1.519.G10
1,985,969 1.835,152 10,739,108 10,014,070
TMalof all
BaCBoelLAPttt latwkSept
'June
28.854
31,134
787.87.'S
2,591.729 2,463,188 14.758.366 14,042,057
802,438
•r.Oad.B.ANo. 4Ui w^Aiu.
81.091
80,796 1,721. «03 1,864,123 SUten Uld RTr; August. . .
120,384
81.288
rsxas A Paciilo iJuly
Oitao V. * CUo. 4th w.Aii)c.
16.070
11,710
410.244
424,344 436,277 2.954; 431 2,66i',703
Tex. A St. Loula 4th w.Aiu:
ChLBootbem... SdwkAiu.
23,034
414.700
49.151
33,534 1.014,286
629,706
roLA.A.AN. M. Aatfiut.TT.
lOkmdM * Atl Jolr
97,733
86,237
312. 2S8
33.118
24,687
.;7tt
OaaadlaBPaaUe 4Uiw>Aii«. S97/MW 866,000 6,075.090 5,(1- >1»2 Tol. A Ohio Cent July
67.759
Omtnl Iowa. 4th W.AIIC.
Maap. A Ohio. laly
UaXaz. AB.B. Ja\j..
406,809
93,846
'
.kss.O.*B. W.ijalr
Otaafo * Altoa 4th
U7.418
800,049
w.Aii«.
OhtaT* AtUatki'l«t.wkSapt
34JU9
CUo. BorL A Q Jniy
8,390^741
* Eaat. in. 4th w.Aoc.
OklS.
OkvMil
46,887
564,000
*8t.P.,l.t wkSept
0kia^*irorthw.,4th w.au.
aLBt.PJIlB.AO. 4th mJiM.
"' - '^^
CHa.*W.iflah. 4(h
na f<mt I. AC. 4thw.Aai.
819.?f>"
190.87.1'
75,W-.-.
aB.ir.aAT.p. SdwkAoc.
Ala. Ot. Booth. 3dwkAa«.
V. Ori. A N. B..3<t «k AOC.
TIakab. A If er. 3d w r A OK.
_flBka. Sh. A P. 3U wk Anc.
6a.»671
91,368
...
^
7.HW
7.782
1
Tol.8t.L.AK.C. July
42.043
36^839
808,727
'23",i47
3,835387 l.Hlii.ll.'H Onion PmIHo... July
3,442,058 3304,990 14.048.145 13,529,520
Wab.
L.
8t
A
P.
4th
08,060
w.AnfC.
399,523
489321
37l.l):.S
358,501 8,119,480 7,371,400
181,978
877,687
s:i.i.:w3
Ue«t Jetsey... July
179.858 169.906
725,497
680,300
192,959 4,972,994 5,0.(:i.:i34 wlaoonstnOeot'l!4th w.Au«.
40.500
40,179
908.546
942,182
28^848
:And branches.
1318384 13354.100 14.1S.J,S02
44.175 1.089.474; 1.003.191
New York City Banks.—The following statement shows the
400,048 15,202,000 14.762,894
"!" /fOO 15.325.992 14,639,327 condition of the Associated Banks of New York City
for the
<<t
3.682,034 3,459,623 week encfing September
4, 1880:
'Jj
893.743
820,334
<K>.iOO 1,651.624 1333,561
A»«raa« Amowu of—
M,047 1.T00.477 1380,559
16,074
687,779
637,485
mu mat
357331
6,739
3!»7,708
iMmmm.
TimCn.
2l',l,i;27
8369
202.245
a8M14
rt.IlM
7.958.
QliLWaab.ABall 4(h wjios.
1,7.10
.... ....j
,
99335;
OarJLkraaACol 4th w.Aiic.
Oar. A canton. Jaly
Oer-OoLCA Ind Juno
GW. A Cln. Mia -i wkB Ao*.
OaL Bock. V.AT. AngaM. . J
Damhurj A Nor. Jnly.
Out. A Rio Or lot wk>
16.7371
S2,<W0!
ltiU.033
1
ObamlMl
.\
M«irha.nU' Exoh.
OalUtlD NatloDKl..
DMXaaa'KAMa. iihw.A
BJFlULVa^Gm. 3d « k .v
vaasT. A T. 11., 4th w..4uk.
Buobsra'A
.
Onrnwlob
.
.
--•
Bboa.AT
i
fMalaU ItaM* 4th
. .
A
^^
Wot
2<]:t
4ri-.
I'll
366.1i>.
43,712
,r,::i,.>.vl
403831
790,964
4.I46I
,111,704
-"'.I";'
Ohio. .\Uiiast.
•<4
14,71'
.<
S4.5I-
'1.932
1,1<<5
1.207
It"
258.488
1,196,290
uCh.A8t.I. July....
1,192388
IVISI.HOB
.iiisnat.
CttyANn WkAu«.r
i
M.T. Ont A W. l«t wkBapt
t.T3aM.AWMt July
fSlMkAWart
l»t
wkSept
ObbVI. July
FB<ik|4th w.Aoa.
—
4th W.AOC.
.
Ancnat.
July
Angntt.
Juno
345,«>3
S1399
97341
77,447
449,461
438,125
7,(!l-<
•:i,6«>l
li''
2^
10<
41:
;
1,861
1 ,"HW
81'
1,729,663
3,009,494
fl.
3
'
^iwt.
H,(MMl. l;ia
J.213..550
2.4.W,911
149.127
B0.771
<M.A(i
WWI.N
53.034
333,036
30.914
37,417
10.132
BOBSW.
v.Aa«.
I'll w.Auc.
!ttb w.Au«.
!>71.77B
It:
34396
!<•
481,265
4i.
3tt<>.7lil
J
«IHH«.
L.
Tmdart
weeks
140.931
jcl't 4 140,903,900
34,67:1
,•"•.'11
30.00-,,!
21.
Ml
l
.Ml,! til
I
46'J,'I11
Ohio.
178,009
833,400
180,000
46389
'46,009
DtotUt.
S
7,916.700 613.533.864
7 1*82,91)0 M6,618.ie8
8.001,800 486,686,845
9,499,600
0,614.500
2,711,300
3,863,500
16,4I>&,400
97,722,9110 16,766.400
68,066,776
56,813,683
9tf,89i),2IKlil.'i.tf!lU.9(Kl
81.8U0..143
PUladelphlB Buika.—The totals of the Fhiiaaeipiua bank
are as follows:
1886.
Losfu,
8
Aug.
•
Hept
thia year.
5aw Yor PeonayUanla A
88,046,000
880,300
past:
9
s
s
Aug31 148.416.800 9,611,400 3.666,400 98,840,800
.
I,
Of
iMMia.
for several
189,0*
BoBton Banks.— FoUowing are the totals of the Boston banks:
Iioafu.
SpMM. u mutn. Dnottu.' Wreulotton AW.OlMf'tl
1886.
;
I
,
38
-. 141.443.100
Mozkan ronaMV. llaahMttMWastBbora IB 1886. Anilbnuirhea
t iDotadtaa MaaaZpftf la IWelheaewlaa
in, Hr. I»tiU A Cairo,
• la tfea Jaijr Banns, f»r pa iaunss of eomj
•WMaralMbyUM MoMa A OUb, la tncloiled
la both year*.
tnclod
• flgBns«<«arala^lar bMt year bare bmn arUiutcd ao aa to make
• lisl iMlMliiir <an
8,061,800
M
Baaboard.
Btzth National....
4fl,K'.'I
•
Wilt a* •spparlrwal
8»8,106,eOO 70,368,300 33.160.100 345.961,900
Pltth National...
B'k ot tba atrop.
•
'
46,000
388,909
178,40'
177,700
4es,300
S7S.600
841.600
786.800
863.700
888.900
870.800
,
348.067,600 88.166,800 30.103,300 358.l'l.300
843.888.380 68.683.100,36.673.300 348.893,000
8oi)t4 (39,106,600 70.368,800 33,150,100 346,951.900
3.;.
'49,899
98i',809
3,9] 1,600
3,003,000
1.937,600
1,888.300
anltad Stataa....
l<i9,300
»tJ7,700
1886.
4S8.'86&
48,055
44,400
46.000
184,600
Oaraaa Kzob'nse.
The following axe totals
2C'
20v),700
4'4S3'0i
01tf,800
1M.700
••nBaB.TaaHe*a.
Obaia MatlaaaL..
fnlB AToaaa
Total
814,400
3,(170,600
3,928.400
3,638.700
1.637,800
8,167,000
4,b79.800
6,661,700
1.950,100
31.333,800
31,891.400
3,017,000
18,653.800
8.088,000
8.887.000
4,848,000
18,606,100
6,184.700
1,373,800
3.318.600
3,770,600
3,110,600
4.137,400
3,373,800
3,783,700
3,813.800
4.058.100
8,369.600
1,501.100
1,389,100
178,600
36i.500
Sl«,700
733,300
834,0U3
360.000
577.730
8.(89,300
10,604,900
3,906.000
4.884.000
183.000
160.700
8.377,300
1.550.000
763,000
778,000
4.843.800
1,013,100
Cauty
Waat BIda
ssaVfoo
46,0(0
3.24-i.lOO
4.'ios.:oo
Central NatiawU.
SaooDd National.
IflBth National..
PIrat National...
92374
48385
301,000
Cb'
8M«aiton.»i
838,103
506.812
458,701'
173,131'
...
PIttaan.ABtL. July
BlahB'd ADanr .^nnjat...
•(.Jo. A'.
l,'<int.'<'<2
1,629
.',437
tl.
July
4356.677
DocAEt. 4 th wJLOM.
28.33:'
naa.ABrle.... July....?:
333.497
2.763.2(!i
rMla.ABaa<Un« July
Da C. A Iron July
1.2'.'
iaJll.i:
Importera'A Trad.
Bark
North Hlra
Eaat Rlrar.
Fourth
iiarflel<<
ir. T. Pa. A O. July
>.T. ANewEnff. July
IaiP.Oo.
A ft. Co.
irt Lino..
Iraala...
Orlantal
Llnooln
fV.T.L.ErioAW. July...
B.
Kleboiaa....
Shoo A Laatbar
Oon Bxobanso
Contlneaurr...
H. Y.
e.677,000
3.600.600
7.37S.800
4.753,800
201,100
475.400
183.100
587.000
643.400
7ei.S00
181.000
..
gowarr
118,7--
4th w.Aaa.
...„,
Tblrd National ..
N. y. Nat. Kxeb.,
mi;'
..'July....
PLT.CAII.K...
8.01)1. I^^I
1734;
.
1
381.678
165,087
>i,e7.'s
1
8130m
lAllo4thw.Ans.
na'a*. A BLL. Jane
.
898,665
46,000
48,000
«.iMl<.'JOO
1.751.300
314,600
4 i 1.300
ClttaMa-
W a aaa n
11)
.....„,... JO
l!<5,600
SS7.-i00
Irrlnit
8t
14,697
-7,068
10,120
10.719
874.61
101,67
w.aml
—^t AChaaUih w.Ad»
ir.,aniiaMjiiir....T
"YAWoM. lit wkflept
-1 rr.n
Paoplaa'
Karkat
48.1«73-99,143,41
813<'
rJtoaich.AO.<4th
A
HanoTar
22«.718
83'
48^1
LsaMrJI.O.AT. Jiuo
Halaa Ontral.. Juno
.Alton.
NorUi Amarlea
1,471,688
-
£ir*Ma. IUr..lJane....™
X«iBaJ(T.A<tt.l<. l&d wk Ana.
!<S«liT.ARMhT. 4th v.AV.
lljan Alfa.
•.I...3.
•w.^70'
88,7!
JLBk.AM.R Tci July
laagMmd
Im wkBmt
>.
l.eiM.OOO
3.157.300
1.014.200
1.170.300
(37.000
1.870.300
iM6,»00
,
'Mi.7601
adwkAnr.
A
A
C. Bp.
M. 8d wk Anc.
C. a.
Up. '3d wk Aos.
E.
Woat Itb w.AaZ.
I»lik.Art.8mllta Jul/
T.
&'i7,300
Cbatbaa
Ml
<'..in,.«H»
ir.Aac.
ntCBIooBLA W. 4th w.AnZ!
Deo. A Bpr Aoamt.
^^
K.C.PU.AOiiir.
Ilia
««>0.3(>0
Rapubllo
1
77.800
608,000
304.500
800,700
r
Paolfle
till M'.Alti:.
I
fans AB.C.|4th waac.!
«st. town llae« 4th w.An^
la.
474.1)00
8tXI,800
at N.
Mereaotlla
Pah An uui
Kan.
Kao.
Lake
A
Amarla'n zeh'c*.
Comawroa
Broadway
nutet
'90,000
Laathar MumTn.
SOTaath Ward....
8Uta
.
363.000
141,900
818,500
8.H8O.700
354.103
lOl.OOO
134,700
DroT..
Machanlea'
Tr..
fUat A P. Mani. 4th w.Aw.i
Ctoonta PaclOc. Jnlj
Or. Bap. A Inl Jnljr
Qraa d Trunk
Wk An.
•alfOol. *a Vf 'Anm*'
46.000
1.41S,»lM
;l 98.000
8.844.800
PbaaU
Tradaanaa'a
PnltOD
'
46,000
i.Ma.ouu
Amartea
City
11:
24.040
->3,45fl' 3,117
I3.<mi'
.
Merohuita'
Maehanloa'
i.'.i.,".S
1<M ">7
1,47
iS0337
8
2.018,000
i,r77,ooo
8ss.oao
Muhattao Co....
ri
]>MT.AB.a.W .MlK>1«t
Dm. Mo. A Pt.D. Jd wk
.
ItewTork
.I
.
.
•-"'
2,'M».7«,T
•
31..
38..
88,671.300
87,798,800
4.,
87397,900
OtreuloMon. A«i. Otaar'ft
Idtvtvt Money.
DtpoeUe.*
33489.000
83.938.100
82,S43,la0
8,030,360
6.»'^7,7BJ
84,663.735
47.524.717
83!tli8.000
5.&15.M>0
4t),5l<l,4S«
a
31,794,700
3al0O9|70O
I
iBolndlnc the Item "daa to other banka.".
THE CHRONICLE
308
Rents
u u e s t ttt c u t
3i
IVoi.
$19,128
33.641
Interest
$758,930
471,948
Total
Operallug expenses
JutclXlfletice.
Slailraatl
The Investors' Supplement contains a complete exhibit of
the Funded Debt of States and Cities and of the Stocks and
Bonds 1/ Railroads and other Companies. It is published
on the last Saturday of every other month—viz., Febrxiary,
April, June, August, October and December, and is furt
nished without extra charge to all regular subscribers of the
Ohkonicle. Extra copies are sold to stibscribers of the
Ohronicle at 50 cents each, and to others than subscribers
mt $1 per copy.
Oregon
236.981
8,716
Total available net earnings
Pjymentj* for interest and dividends
295,698
294,330
Surplas earnin-8 on hand
Compared with
1,368
last year, results are
1885-fi.
Grops earnings
Operaiing expenses
shown
as follows:
$7.i9,930
1364-5.
$7!»7,S26
471,949
493.111
$3?,596
26.162
$2e6.981
$299,415
372.078
24,703,942
214.478
7,876,120
Ino.41,026
Iuc.6,524.907
4,871
413,104
32.228.849
Tons can led one mile
Company.
Iiiii)rovemeiit
Net earnings for the year
Surplus on baud last year
Net earnings
Tonscairled
ANNUAL REPORTS.
XUII.
20:>,607
Fa-ssengers carried
Decrease.
$12,433
Passei'gers carried one mile. 7.732, .53
143,789
(For the year ending Nov. 30, 1885.)
new
locomotives
and
one
The
report
two
parlor
says
that
30th,
ending
Nov.
The report of this company for the year
1885, has only just been made public, and although it is of little car have been artded to equipment, 1,500 tons of steel rails
practical use at this late date, the figures are given below for have been laid and 48,965 ties put in. The track is now all
reference in the Chronicle. The earnings and expenses of steel rails the entire length of the road from White River
Junction to Sherb ooke. This has all been done from year to
the different departments were:
Balancer. > ear and charged in the current expense of operating the road.
Kxpinses.
Earnings.
Department.
$427,404 The decrease in gross eirnings was caused mainly by the
$l,920.9a7
$1,493,5.^3
PacinoCOilst S. S.CO
Paelfln Coast Riiilway Co
CoL & rujret Sound KR. Co
ti,!).i4
$2,882,2)17
$2,249,746
3,557,153
2,575.1(15
982.047
$'i74.945
$J25,358
$349,536
It7,<
Steam colllftrs
Land and flume departmcut
Totrtl for
03
149,4c.9
Total
1884
Decrease
AG.iUS
77.033
29,437
70,493
137,461
337.161
e7,10i
136.944
7,050
116,7.o9
21J,4i)4
3GH,.598
Coal D^parlmiut
Beale .Stiiet wliiiri:
.'!9.90l
12.51.'>
clef.
.•j!
9o
.32,4ia
Included in the net earnings for 1884 is the profit on land
Navigation Company, which
sold to the Oregon Railway
amounted to §l4'.J,4o6. The large decrease was due to many
causes, viz.: The failure of the California wheat crop, the general depression of business on the Pacific coast, the absorption
of traffic by through rail lines, there-adjustment of the steamship poolsj and the competition from the cheap imported
foreign coals, that lowered selling rates, reduced the mine
'output and prevented the full occupation of thesteam.coUiera
The Pacific Coast Steamship Company earned net $4^7,404
for the year to Novcm'jtr 30, 18S5, and $511,941 for the preThe Puget Sound and
vious year, a decease of $84,537.
Alaska routes show a satisfactory increpse, while the Oregon
and Northern and Southern California routes record a decrease
of $194,139 net, due to competition and diversion of business
from San Francisco by new railway lines and to other causes.
The report gives det iils of the coal and railroad departments
of more interest to the shareholders than to the general public.
Accompanying the report for the year to November 30,
1885, is a stitement dated May 31, ls86, showing the stock
and debt as follows
&
:
$7.030,r00
$100 per share)
5,000,000
Bonded debt
Of the i'Oiiipauy'8 bonds $^42,000 are held In the Kinking fund, hut
the company pays 6 per cent oup'tn interest on them, and '.his mouei*
Is Invested ia more of the company's bonds for the siukiug fund.
i-LOAIISG DEBT MAY 31, 1836.
Bills payatile O. &.T. Co
$518,441
Capital stock (par value
t
Bills payable misoellaucous
Cash oveidraft. San Francisco
72,000
54,157
43,671
Unpaid vouchers and accouuls
C.
&
P. e. K(l. Co.
50,m
outstanding scrip
Accrued coupon interest
Due sinking fund
150.000
25,000
$913,381
$132,694
110,838
182.343
4.944
Total
Less coal and supplies on hand
Coal bills reccivabJe
Cash on handNow York
P. C. railway bills receivable
Total
$130,820
$432,561
Decrea.s8
Negotiations for a settlement of accounts between this company and the Oregon & Trancontinental Company have not
yet been fully completed this will require a payment by this
company of about §150,000, and will increase the debt to that
extent.
TEABI.Y riXKD CnAHGES ON MAY 31, 1886.
Six per cent, on $5,000,000 1st mortgage bonds
$300,000
First mortgase sinking fund
50,000
;
1886, are
.
.fuly
18B6.
Gross earnings
$301,606
Operating expenses... 181.544
Neteamings
$120,062
given below
—
.
1885.
$226,975
180,533
$16,442
:
Dec. 1 to July 31 .-.
.
1885-B.
$l,7.'i2.221
1,380,615
$J71,606
1884-.5.
$1,817,194
1,476,292
$340,t02
Connecticut & Pa^suinpsic Rivers K.B.
{For the year ending June 30, 1886.)
The annual report of this company, covering the operations
of the road for the fiscal year ended June 30, 1836, contains
the following:
Gross earnings
Passeug.r
Freight
Mails
Eiprcas
Beech Creek Clearfield & Southwestern RR. Co.
was recently effected under the name of the Beech Creek
Railroad Company. The capital stock was fixed at §5,000,000,
of which $1,800,000 is preferred, and the bonded indebtedness
The Philais $5,000,000 in first mortgage 4 per cent bonds.
delphia Record states on the authority of a director of the
company that a change in the aspect of the affairs of the company has so reduced the Vanderbilt holdings of the stock that
the GO per cent which that interest promised to deliver to the
ization of the
Pennsylvania Railroad
Central Vermont.
Company cannot
be accomplished.
—The annual meeting of the Central Ver-
Railroad Company wa> held at Rutland and the following board of directors was elected
J. Gregory Smith, James
R Lijogdon, E. C. Smith, E. H. Baker, Joseph Hickson and
W. H. H. Bingham. Tne annual meeting of the Cocsilidated
Railway of Vermont was also held, and the directors chosen
are the same as those elected by the Central Vermont Railroad Company, The Auditor's report of the Central Vermont
Company, which is the lessee of the consolidated road, shows
the earnings of the road for the past year to be $2,533,935
expenses, $1,738,494 net earnings, $795,444.
mont
:
;
;
—
Chicago & Atlantic, At a meeting of second mortgage
bondholders of the Chicago & Atlantic, it was decided to
The
dfcline the proposition made by the Erie Company.
offer was to give holders of present second mortgage bonds 40
per cent in new first mortgage bonds guaranteed by the Erie
Company, bearing 4 per cent for three years and thereafter 5
per cent. The present issue of first mortgage bonds of the
Chicago & Atlantic amounts to $6,500,000, and the Erie proposes to issue $12,000,000 new first mortgage bonds, giving
holders of Chicago & Atlantic firsts 105 in new guaranteed
firsts.
Clilcago Bnrlingtou & Northern.— Messrs. E. Rollins
Morse & Bro., representing themselves and Drexel, Morgan &
Co., have bought $2,000,000 of the new Chicago Burlington &
Northern lOyear 6 per cent debentures. The bonds are dated
Dec.
1,
which
1886,
all
and the
total issue is limited to $2,250,000, of
is to be retained in the company's
above $2,000,000
40,000
Total charges
1,
GENERAL INVESTMENT NEWS.
Beech Creek Clearfield & Southwestern —The reorgan-
treasury. It is stipulated upon the face of these bonds that
any second mortgage issued by the company shall be limited
$10,000,000, and that whatever may be the amount of such
$390,000 to
mortgage, a sufficient portion shall be set aside to meet the
dtbentures as they mature. The debentures are either coupon
iBtoiestou floating debt, about
Earmings to Aug.
small-pox scare in Montreal. The last few mouths show increased earnings. The increa":e of ean.lngs while tonnage decreased was caused by the increased freigtit being entirely of
the lowest grade and the very low rate at which it has to be
carried. There has been issued during the year 2.2.j6 shares
of stock, m-king the total now outstanding 25,000 shares, or
$2,000,000 out of !5;3,O0O,OOO authorized. This new stock was
sold at par and proceeds applied to liquidation of floating
debt. There are no notes payable outstanding, and the only
indebtedness is the bonded debt.
—
$27.'?,290
,
401,2X1
19,321
13,266
or registered.
Chicago Rock Island & Pacific— Hannibal & St. Joseph.
is reported in Boston that the Chicago Rock Island &
—It
Company has just completed the purchase of
the Hannibal & St. Joseph, or rather the Chicago Burlington
Quincy, tracks from Cameron to Kansas City, and that the
Hannibal & St. Joseph Company will relinquish its claims
March 1, 1887. The Rock Island has been paymg the Cliicago
.Burlington & Quincy people the snug sum of $90,000 per year
for the privilege of running trains over the 52 miles of track.
The report is doubted in some quarters.
Pacific Railroad
&
Cincinnati Washington
earnings for the
below
first
six
& Baltimore.—The gross and net
months of 1866 and 1885, were as
I
Seitember U,
THE CHRONICLE.
188C.]
Jon. 1 (o June 30
SxpenaM.....
Nstearnlng*
Ine nr Dec-
1B85.
I8St>.
OroMCMnilnn
fOILSl"*
703,790
$834,477 Inr. STT.SS?
763.046 Dec. 59,2%6
S208.024
$71,430 Inc.$13U,3a3
Clereland Colambas Cincinnati & Indianapolis.— The
earniDKS, expenses and cbarKfs for June, and for six months
from January 1, furnished for tbeCHBOXlCLE, were as follows:
'-Six Moi. end. JuneSn—
June.
.
.
1886.
^(•cattDK
MpeiUM
iretrarBlnsB.
..
ISSn.
ess.
1685.
$394,490
214,894
$1,819,227
$135,875
69.671
$79,506
t8.71S
$AT6.0.%9
$66,303
17,111
$10 877
$162,346 0«f. $t;^. 708
101,541
e<J,157
199,865
IMerMt,(azM.Ae..
Balance
AddlUou to
I
$3S5.740
OfVMeaniblK*
prop'y
$1,642,968
1,^19,313
1,242,'267
$J23,65t
392.364
414,113
17,677
309
Western Union Telegraph.- The quarterly report for th&
" The gross earnings from
quarter ending Sept. 30 states
current land service on commercial messages continue to show
an increase and would be very satisfjictory but for the great
amount of business being done between the laree commercial
centres without profit, if not at absolute loss. The cable business under the prevailing low rate has increased largely ; and)
it is confidently hoped that the business will soon reach a volume that will yield a revenue equal to any ever before earned,,
and permanently establish cheap cable service. The EtecuiiveCommittee recommend that no dividend be decl ired."'
The estimate for the quarter ending June 30, 1S86. gave thenet earnings as $1,000,000. but they turned out to be $903,86(V
or $96,120 less tli .n the estimate.
The following compares the estimate for th^current quarter with the actuil of the corresponding quarter of 1SS5 :
:
AeltuU. 1S85.
$l9.0i2 D«r. $6,800
Heaston
$58,304 Def.$lSS.166
for receivinj; bondTexas Central a^ireement
have jet been taken by the
the time, exc<>pt directing
parties who desire to sign
t Texan Central.—The tioie
holders' tunature!) to the Houston &
expired on AuKOStSI, but no steps
Southern Paciflc people to extend
tliat a memorandum be kept of all
tlM agreement. The signatures amounted to about $7,000,000.
A
W«ater$.— CinelDnati SanUnited States Circuit Court,
Southern District of Ohio, has made an order directing the
Receiver of the Indiana Bloomi-^gttin & Western to pay
Cincinnati Sundujiky & Cleveland a monthly minimum rental
for June, 1^80, of $25,000, with interest from July 1, 1S.S6.
the monthly rental on which the Indiana liloomington
This
tc Wevtem defaulted, subsequent monthly rentals having
already been paid by previotu order of the doart.
Ia4lana
BloomiiftoB
k CleTeland.—The
imsiij
WM
Meiieaa NatioMl.—The agent of Masars. Matiheson & Co.
of London had practically agreed to the plan of reorganization
propoaed br the New York committee, after certain modifications had beeo made. But in the final consultations it
deTeloped that there was a contract with the 5Iexicin National
Cooatruction Company for rolling stock amounting to
(3,390,000, which amount the reorganized company was
expected to SMume and for which the Construction Company
was to be held harmless. This put a check on further negtv
tiations, as the English party would not sgree to it, though it
is believed that some airangement will yet be arrived at.
MlMeurl Paeifle.—This company has arranged with a
pidica'e of hankers represented by Kuhn, Loeb Sc Co. for
(Be refunding of its first mortgage six put cent bonds, due
Aagnst 1, 18^. into new flfty.yeer gold roar per cent bonds.
The bonds to be extended amoant to $7,000,000, but the terms
•t which tl>e Kvndicate will offer to make the exchange for
bondholders will not be announced for some time.
Port Jerris A Ho$tieell«.— Mr. W. H. Clark, Receiver of
the Port Jervis ft Montioello Railroad Companv, has given
notiee that on .Saturday, Sept. 18, he will appiv lo Judge
Brown, at a special term of the Supreme Court, to be held at
Newburg, N. Y., fur an order and oirections for the sale of all
the property of tho company, |>oth nal and personal, for the
He
Iwneflt of the creditors of the road.
will present for final
ezaminatioQ and approral an account of his receivership,
St.LoBis EsMasClty * Nertfaer*.— Notice is given that
the time for depositiog bonds of the Omaha divi.siun with the
t'nit. .1 Stntes Trust Company of New York, under the agreeirie 0, i« limited to Sept. 1.^ 1880.
n
Bonds deposited
late will be received subject to such terms as the
a'
coranuui-e may impose.
The engraved certificates of the
United Htnfes Trust Company of New York for lx)nds
deposited under the agreement have been listed oo the Stock
Bxcbenge.
Texas A- r :n, -The committee of the income and land
grant mort
imlilers, composed of Messrs. S.J. Drako
C. Meyer. ..... n hI. Chas. J. Cauda and Wm. Strauss, an"
noonoe that they now control a majority of these bonds, and
they give nottc- th.i' .in anount ol their inatdlity to deUver
trust certifi<-at'
steel engraved plale« they have
extended tlio ti
bonds at the Central Irust
,1^
Comi<anT
i.nt.,
when such certifi<iat-s will Ije
.
rendy. Ir
stated the ,:<>in
i;
'-;
„**B~^^
UaloaUlrMoe....
Mvlaton..
.^ Total
DssTMMlalSM..
^f—12,303
ll5,rJl
$10.S.()37
$3.'!i,ai4
Ws hash
1M«.
Amount.
$jln..-.bl
138io97
$a«C.lsl
141.6i0
1985.
.
Amrntnl.
AcrtM.
Ammint.
$171'.I'I3
.'3
B72,!i02
A37.AW1
466.05O
l,»«7.-.(».i
107,n2 J
» 1 .05 1 ,005
«t,75l,oiO
«u<),ui)l
-Chain paign
i.f tl...
Atm.
10»,4bu
82,«I7
"O
i
*<»«al
,
1
1885.
,
lOJ.loT
'*.
ta
was inadvertently
Aug. and since Jan,
,
Amount.
»2oo
9
32,358
'
divHi'in
sales in
188«.
1S8C.
^'S"^
S"'""
'•n^-
^
DMeasM
It
innt.
Union Pad fie.— The Und
were as foUuws
KaaMM
wetk
of last
\V.ii,,«N,
llavana
2,S0«,9 1
A Western.— The Hnvana
the UliampsiKn H;ivana
kfK.rtii HH
"^
1 ,008,611
»l)i.i.i:0
&
7at.S^ringtl.|.l, III., for
ii9tee.
The proiierty was
iiulcLtcdness and the prior lien <jf
!•!.
t
.
•<''''
tl'"'
'
imo um ...^
ne/a
vaoa
&
Western preferred
„.... ,A«.ittated intereai
w
over
$IO(»,()'K),
mortgage,
Qnarter endlDft Sept. SO.
set revenue
Dediici
$1,250,569
—
Intereuon Imndt
$123,768
20.000
SUiktng fUDd
Ketlneome
LewdlvideDd(l>sp.ol)
Balanr(!
$1,200,000
$123,615
20.000
143.768
143,615
$1,10B,801
1,199.846
Si 056,388
def. $i)'<,0t5
Addmrplua June SO
Surplm
EMlimateil, 1880.
Sept.
30
sur.
$1,056,385
4,3^4,004
4.30i>.8S3
$1,230,969
$5,366,218
The rrj'/Mne money articlesays: " With the c-'rrectedstatemgnt in hand we are able to pre°«nt the net results of the
company's fiscal year ended June StO, 18S0, which are given in
comparison with the net results of the preceding two years, as
follows:
Tianenrlid June
Net revenue
Interest
and (iDklng fauds
Wet pronts
DtTldrnds paid
Bnrplna
30.
.
1984.
$6,610,436
513,311
$3,'0i',925
535,064
634,553
$6,098,005
oA 599,179
$5,18\,8«1
54.999 335
»S .18\800
$496,916
$166,586
1886.
l>,8,^.
$3,91M.8.'S3
c3.S99.578
$11.27»
Dellslt
a, Divldeml 7 per cent; h, dlv1dei)d 6>4 per cent
e, dividend 2\ per
eeot rash and 1 >s per eent *cTlp.
69l«e693ci
Priee of stock on Sept. 8
67>t«e3«i
64>s36i>s
;
" The net revenue for the year ended June 30, 1888, is
leas than the sum of the four (|uarters as they
originally were estimated the actual have fallen short of the
estimates as published about the tenth of the last month of
each quarter, from the first to the fourth quarter reepectively,
$830,200
:
as follows : $199,500, $^85,600, $399,100, $06,100. By the first
table pi inted above there seems to have been a surplus of
In the company's btatement of March
$4.80(r,884 on June 80.
10, 1£M, it was stated that at the b -ginning of ttiat quarter
$4,^,W6 of the surplus had beea Invested in the construction
and parobase of lines and other teleiiraph proiwrty, which
will pribably be shown to have reached $4,500,000 by the close
of the quarter (March 31), with thj p.cbability of re<)uiring
further investments of considerable »ums at an early date.
Add only $.300,000 for the anticipate<l retjiiirements at an
early date' for the expenditures of the <)uarter ended June 80,
and the expenditure against the surplus amounts to$4. 800,000,
leaving a deficit on June 80 of $W<t,l|i>(| b.>Hi los the $1,199,833
scrip reserved fur the dividend of quarter ended March 31,
'
'
—
WUfoniiln Central. A private circular has been sent by
Mr. £dwm U. Abbott, one of the trustees in possesdon. to the
Stackha'ders of the Wisconsin C ntral liailroivi Company, la
which be states that certain p iriies intenv-ted in Hichii:an iroa
mines, including itr. C. L Colby, the President of the road,
and himself, intend to build about fifty miles of railroad from
a point at or near Lake Ajiogebic, Ontonagnn County, Mich.,
to a point at or near Winnebosho or Penokee, in Ashland
County, Wis., on the Wisconsin Central Ktilroad, and to use
C'istly
fnom that point the Wisconsin Central to AHblaiid.
docks are to be constructed at the latter place for shipping
iron ores.
This connection, it is stated, will largely benefit the WisThe latter road will throw all the traffic
consin Central.
which it can control over the new line, and will allow the new
line a lo per cent rebate on its pro rata share of uU earnings oa
business whinh originates on the new line and goes either
north or south over any part of the Wisconsin Central ; provided t^ at the new line shall be completed within two years
to the Colby mines at Bessemer, Mich., and will secure from
Agogebic L>evel>jpuieut Comthose mines and the Penokee
pany all the trartic which both concerns control.
To build thii new line imm'^diately, Winconsin Central
sbx^holders are invile<l to sub-cribe $1,600,000, in proportioo
to their holdings, payal>le half Oclol^r 1, 1»8«, and h.lf
For thia subsoriplion securities will be reJanusty 1, 1>*S1.
ceived at the rate upon each $5,U00 or cabb subscription aa
&
.,,,,.
followB
Five thousand dollars five per cent March and s
fifty-year gnld first mortgage bonds, made to John .\.
and Edwin H.
Abliott,
Itonds of like form
certificates " issued
trustees
and t-rms
by John A.
;
;
$1,0<X)
income
r
i.
five per uujit
and $a,0()0 slock iu ' trustee
Stt-wiirt,
Eiwin U,
Abliott,
ibis opporCharl.s 1.. Colby and Colgate Ho>t, trusiMs.
tunity to subscribe remains open only ui^lil hieptember U.
THE CHRONICLE.
310
(^ommzvtmX gimes.
'ght
COMMERCIAL EPITOME.
Friday Nwht.
Sept. 10, 1886.
There are few features of a conspicuous character to note
with reference to the progress of trade for the autumn season.
The volume of business is large and prices are as a rule fairly
The money market and rates of foreign
exchange are no longer disturbing influences, even in speculative circles. The weather has become very warm throughout
the country. The Agricultural Bureau report of the condition
of the crops on the 1st of September was given out to-day and
shows a further decline in corn, but an improvement in wheat
and cotton. Exports are rather slow, and yet available freight
room is pretty fully employed.
The speculation in lard for future delivery has been
remunerative.
[Vol.
COTTON.
Fkiday, p. M.. September 10, 1886.
as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening (Sept. 10), the total receiptp have reached 42,581
bales, against 24,234 bales last week, 12,153 bales the previous
The Movehbmt of the Chop,
week and 8,991 bales three weeks since ; making the total
receipts since the 1st of September, 1886, 54,344 bales, against
75,849 bales for the same period of 1885, showing a decrease
since September 1, 1886, of 21,505 bales.
Btcelptsat—
notable
the
in
Wed.
TUCM.
Thuri.
FH.
Total.
3,226
3,298
4,313
1,667
3,639
20,265
1,015
3
440
1,004
1,354
5,803
21
905
69
9
32
160
375
294
375
Bsrannab
Bmnsw'k, 4o.
1,837
2,248
1,451
1,967
1,805
2,347
11,155
Charleston
Ft Royal, <bc.
420
3,270
GalTeston
4,122
Indianola, &c.
New Orleans...
....
1,085
Mobile
Florida
479
449
401
856
200
665
15
14
83
10
64
35
4
114
....
200
....
5
past
Spot lard has been dull,
for January.
ber and
closing at 7-lOc. for prime city, 7-37!^@7-43}^c. for prime
Man.
Sat.
week for the collapse of WUmlDgton
Moreh'dC.&o.
the "corner" at Chicago and a corresponding decline Norfolk
showed
deliveries
distant
in September options, while the
West Point, iko
To-day the speculative marke' New York
comparative steadiness.
was unsettled, closing this afternoon at 7 -400. for Septem- Boston
Baltimore
ber, 6-90c. for October, 6-74c. for November, 6-72c. for Decemchiefly
ZLUI,
....
35
47
17
44
45
11
30
89
33
191
i
328
157
17
2
..>>
266
150
81
150
372
5,075
9,155
42,581
..->
Fblladelp'a, Ac.
....
Totals tills week
7,089
24
6 -sac.
6,983
6,343
7,336
For comparison, we give the following table showing the week's
to choice Western and 7 "600. for refined for the Continent.
the stock to-night,
Pork has been firm with a fair demand, at $ll(g$ll 50 for total receipts, the total since Sept. 1, 1885, and
and the same items for the corresponding periods of last year
extra
for
50
for
family,
50
$9@$9
$13
new mess, $12 50®
Stock.
1885.
1886.
prime and $13 50@$14 50 for clear.
Receipts to
ThU Since Sep. 1886.
Thit Since Sep.
bellies
at
pickled
active
for
more
firmer
and
were
1885.
Cutmeats
Sept. 10.
Week. 1, 1885.
Week. 1, 1886.
6i^@6%c.; pickled hams, 10^@llc., and shoulders, 6@6i^c.;
12,630
20,438
23,098
26,682 14,575
smoked hams 12@ laj^c. and shoulders 7i^@ 7)^c. Tallow has Galveston.. 20,265
15
15
Ind'uola,&o
781
oleoand
been quieter at 4i^c. Steariae sells fairly at SJ^c.
17,859
13,065
6,219
New Orleans. 5,803
7,602
7,433
margarine at 7%c. Butter is firmer but. dull at 16@ 24c. for Mobile
2,409
2,778
350
1,409
294
1,759
561
411
375
658
creamery. Cheese was firmer, but in the past two days has Florida
15,6'83
14,097 18,099
26,723
13,294
declined, leading to more business at 8J^@10c. for State fac- Savaunab. .. 11,155
200
201
...—
Br'sw'k, &o
200
287
for
packet
and
50
$8
tory. Beef is dvdl at $8 for extra mess
3,270
6,638
Charleston ..
9,911
9,607
3,270
7,985
per bbl. and $12@ $13 for India mess per tierce. Beef hams are
100
400
567
Ft.Royal,&o
221
191
1,250
338
1,198
1,008
dull at $22@$23 50 per bbl. The swine slaughtered at the Wilmington
4
22
4
7
......
M'headO.,&o
principal Western towns from March 1 to latest dates num.
bered 4,815,000, against 3,720,000 for the corresponding period
The following is a comparative summary of the
last season.
aggregate exports from Oct. 26 to Sept.
Pork
BaoonV&o.'
Lard..
.
..
1885-6.
35,484,200
lbs.
lbs. 416,127, K80
lbs. 244,840,066
4,
for
two
years:
1884-5.
Deo.
44,827,6'JO
335,992,972
245,098,058
Inc.
Deo.
9,343,400
30,134,908
257,992
1,609
1,999
680
17
532
225
17
....
1
453
150
372
150
432
11
798
96
456
11
42,581
54,344
53,080
75,849
Norfolk
W.Point,&o.
New York...
328
157
Boston
Baltimore...
PhUadel'a,&o
Total
2,975
1,157
104,120
5,500
8,220
6,849
87,009
6,310
111
2,872
189,059
152,166
There has been a very large movement in the Rio coSee
In order that comparison may be made with other years, we
speculation and there is a further advance in prices, with a give below the totals at leading ports for six seasons.
with
sellers
at
closing
9'35c.
for
to-day,
improvement
further
1884.
1883.
1885.
1882.
Receipts at—
1886.
1881.
Sept* and Oct., 9'20 for Nov., Deo. and Jan. and 9-25c. for Feb.
14,590
10,744
20,265
15,927
14,384
advanced,
Galv68t'n,&o.
16,855
also
and
fair
has
spot
on
the
Coffee
and March.
3,162
5,803
6,219
9,884
4,864
New Orleans.
18,369
cargoes of Rio are quoted to-day at 10?i@10Jgc., with a
294
1,409
1,310
1,691
2,453
HobUe
4,954
grades
close
quiet.
mild
Raw
the
but
done
business
large
Savannah
;
sugars have been more active and firmat4f^o. for fair refining
Cuba and 5>^c. for standard Centrifugal, with sales to-day of
66,600 bags and 2,675 hhds. Molasses is dull at 17c. for 50-deg.
The auction sales of teas have gone off fairly.
test.
The sales of Kentucky tobacco have been 300 hhds., of which
250 for export at unchanged prices. Seed leaf tobacco has
continued in demand, and sales for the week are 5,360 cases,
as follows; 1,750 cases 1885 crop,Penn8ylvania Havana seed, 12
@18c.; 600 cases 1886 crop, Pennsylvania Havana seed leaf 8 @
16c.; 100 cases 1883 crop, do., private terms 160 cases 1831
crop, do., lli^@13c.; 600 cases 1885 crop. State Havana seed,
12@14c.; 475 cases 1884 crop, do., 9i^@133^c.; 525 cases 1885
crop, New England Havana seed 19@23c. 200 cases 1885 crop,
Wisconsin Havana, private terms; 350 cases 1885 crop, Little
Dutch, 8@9c.; 400 cases 1885 crop, Ohio, 6@7o., and 200 cases
1885 crop, New England, 13@16o.; also 400 bales Havana, 60@
|1 05; and 280 bales Sumatra, $1 20@$1 45.
;
;
Crude petroleum
certificates
have shown but
little
anima-
tion in the speculative dealings.but prices are slightly dearer,
on a small reduction in the flow of wells, and the close this
afternoon is at 63@63i^c.; cnide in bbls. quoted at6@6^c.;
refined in bbls. 6%@8^c. and in cases 83^c. naphtha, 8,i^c.
Spirits turpentine lias met with a better demand and is decidedly higher at 35=^c. Rosin dull at $1@|1 05 for commoo
to good strained,
On the Metal Exchange to-day tin was stronger for future
delivery, with sales of 50 tons for November at 21 '850. Ingot
copper firm at 10-40@10'45o. on the spot and 10-65@ 10'85c. for
4
future delivery. Lead was easier at 4'70@ 'SOc, and spelter
quiet at 4'35@4-60c.
Ocean freights show some improvement in the volume of
grain shipments, and to-day's business includes com to Liverpool at 2J^d., and to Hull at 9}4d., but less doing to the Continent. Petroleum charters were rather slow,
;
...
Ao
Wilm'gt'n, &o
Charl'st'n,
Norfolk
W. Folnt, &o.
AU others
11,155
3,270
195
328
157
18,099
8,385
1,013
1,609
14,969
8,310
849
1,438
6
1,836
680
16,407
13,235
1,583
3,354
14,186
9,051
806
1,801
682
569
1,582
1,398
23,113
11,277
3,161
10,838
2,725
2,760
1,114
1,076
Tot. this w'k.
42.581
53,080
42,624
64,348
49,612
94,052
Since Sept. 1.
54,344
75,849
57,725
97,656
83,250
182,728
. .
Galveston includes Indianola; Charleston Inclades Port Royal,
&,o,
Wllmln^n Includes Moreh'dClty,&o.; West Fointlnoludes City Point,cbc.
The exports for the week ending this evening reach a total
af 10,570 bales, of which 8,337 were to Great Britain, 1,500
Below are
to France and 733 to the rest of the Continent.
the exports for the week and since September 1, 1886.
Wtth JBndino
Seiit
IVom SevU
10.
1,
1888, lo Sept. 10,
1886
Exported to—
Bxvortei to—
Ex/ports
Great
BrWti.
from-'
Oalveaton
New Orleani
Mobile
rranu
ereat
OonU. Total
nent. Week. Brttatn. France
Cbntitunt.
iiiw
.
TotaL
8,640
......
Florida
SaTannah
Charleston
....
WUmlnKton...
Norfolk
West Polnt,*o
New York
Boston
......
7,833
1,600
604
688
9,915
1«,299
151
665
604
,
i.'eoo
i»)
14*781
161
666
Baltimore
Phlladelp'a,&c
Total
Total 1886...
8,33J
1,600
7S3
10,570
16.343
1.900
1,083
17.926
18.286
1.542
S.200
16,027
12,864
9.728
2,850
17,836
Skftuber
THE CHRONICLE
11, 1888.]
In additioa to above exports, our cele^«ms to-night also give
OS the following amoants of cotton on euiipboaid, not cleared,
At the ports named. We add sunilar flguree for New York,
which ar» prepared for oar apeoial om by Heaars. Carey, Yale
Beaver Street.
ft Lambert.
U
Thk Salks iU!n> Pbioxs of Futures are shown by the followias comprehensive table. In the statement will be found the
daily market, the prices of sales for each month each day, and
the closing bids, in addition to the daily and total sales.
9
<B
f3?l sill ills
« 3 9 &
On Bhipboant, not eleand—for
iMivins
aipL 10.
artat
RritmiH.
XMalUM.
S30
loe
Wooe.
S.00O
2.100
Nona,
6,389
oaa.
Hone.
1.509
16,3riO
Mooe.
2.000
Bona
one.
7,030
Kone.
13,900
2,SO0
2,7T8
4.638
10.944
13,408
2,975
90,220
18,457
3,200
10,598
29,289
153,770
6.954
3,000
7,310
6.354
34,445
17.514
127.721
102,446
Hoae.
Hooe.
Kono.
11,000
2.000
Hooa.
Hone.
416
Nona.
Nooe.
Hoaa.
2.900
Hone.
1&.090
416
9,981
200
82
329
Total 1885.
»0
ir<me.
1,351
Noae.
Mod*.
Hona.
Total 1886.
Stock.
IMcU.
%350
iH'
It
a:
:
ini
II
mi
"o
9
^
(is 36 ^
?
CD
<0
i
I
lar:
'
Su
r>
^
COM
I
a^wa.
pe^c- aoop
r»,52 S_®2
ew-iir
too
^
,-0
•«
60 5
e
5"?
I
^
ace
csce
I
ep:
I
cs cDCDeco
«D«o<*
t «•
tdta
??!
I
CC9
o ^
"I
e»:
ceo
(
^
I
i-
'*
a
• «;
0.
»>»0
>-
^
a
COCSoCS
e»
>i.-
a
MM
•<>:
CSCSoCS
—
—
w«n
t«r speculation and
in transit. Of the abova, 68 bales
to airiva. The following are the oOcial iiaotatlons for
Moh day of the past week.
UFUuroe.
ai.
a*it
Oootf Ofd..
"»lft 8
nr.e'dOfd
Fsir
7i|«
!'•
»
Kj/wMia •
SCMdUBSa.. ^f
9m4 Mm.. »*u
air.e'dMM
mdd'sPair
es
•H
S5£l^»
7
9>u
S**
***
9H
10«4
lOT,
Oood Onl..
i|r.O'dOr<l
».I/VlflS
91
9»»
e>*i«i
r»u
7««
8>i(
•
8VI
8llT.
»<i«
9««
>*}
Td\
f
9»u
9**
9%
9%
Si:.
10»,«
10*1. |107,.
i
Vrl.
QD
I
S^ia
»<l«
9«4
.*lb
ii>«
111,*
9>«
9il,.
9lii,.
9>1*«
84
74
P
8Sia
9
94
84
94
9lii«
9'i«
9lJi,
104
104
114
,104
Ill's
Taeai ir«« Tk,
;
M
^
.-^^
67u
ABXXT
7»»l«
7i»u
8>>ul 8liu
7>»i«
7>«i«
8U„
a
cots
a
(SO
^
•»:
cece
s
MO
£
•eoQco
ci
ciw®W
"^
o>c»
•-••:
I
I
-a
(Oteo
taci®
09
S
Or:
is «
-r ?$
a^
0000 00?
^^*c« ^^c
MM « >*»
ceo ^ so
I
OCT
'-'^
000
"C
le-t
1
ocoo
1'
*jqD
»
oce
^
ss
^
CBO
;
veil
i
cer
8
<»S
ooSo ooSo
ci>«Sd.
if
r
1
•"SV
8
«
5
:
u
»o 5
(
I
^
2
*
I.M:
00 i
OiCJi
-M • o» 5
••
1
•
t
a
OM
oe
KV
;
aoi
*
ce
Wrt,
•
o 00
-i
-i
M
M
sii«
74
7l»18
81li,
82
CJ
!•
<OC09tD
••
:
o
to
»o ( 9
«o
22
2
8
ooeo
^
8
I
•
ooox
8g S
;4
a
^5
*•
• •.m:
:
1
MO O
*2*
Ol
>
"I
I
I
I
1
I
8
:
-
» MM O
I
I
I:
•
ocooco
I*
total sales and future deliveries each day during the
are Indicated in the following statement. For the conof the reader we also add a column which shows at a
•
si
00^0
'
Ain> BALIB.
I
I
I
104
104
114
:
0000
a
OOQO
?
So
om:
•.*':
o 0080 OOoO
««<>o
sdoa as
83^6 ^ Si S
00 ^ 00
00
Job 2 -i-S
-i-i
MOD *
»Ci3
Sa 8
it
om:
00 yO
e»<
cocs
o>a
&;
:
wtioai
I
6%
7't
8«»
as
I*
FrI.
74
a
o«:
<0Oq(&
cetsSco
cew
buOM
o
n't
6»ia 8"l«
104
IOi«
tO>s
11>«
10>.
Th.
^
:
21
»ht 9li.
9ll|a' 9»i(i
74
urwmaatag
Hm
"
'
9<«
•
Good OidlaacT.....
9^
9\
I
cece
10l„ 104 il04
10^,. 104 .104
9liT(
TAiirKD.
Ordlaafy
94
9<«
1
}0»t
JST'.'ffrlM ISU; \^ii im lie
lim
I
8
r
94
8H
10%
1
s-^
94
9
8>it
8>lTt
ST..
8«*i.
9>ii
9>«
S'l.
9»ii
9
7^
8
74
H>,«
9*t
B^l«
9>i|«
9
v'u
8
eisifl
74
l"
6>*|» 6»u
7<«
74
HS|«
S*l«
»
«llj
9?i:.
6IS,,
7>«
8*i«
8«i
7i„
•
M.i
a
e«:
ISCSoCP
sieSco cecBgce
I
«H
7»M
84
im im
6l*i«
I
dSci
ecB2
N
HoalTaM
We« Th. WrU W««
e«i
er
I
61>ia
7««
8*|«
104
10>t
I
texab.
|
Taasj Sal.
loV loV
1101»„l01»„llll„
6«i
2'>»
u
•
«bw orlbaiib.
amu
6%
9>*t«:ioiu
W*4 Tk.
2!?»0*
•attotOrt..
|
,•> T«.
CDCS
CSCOoCi
MtjOlO
OCM
cegcD
ceceScs
M.
cscr ACS
M.90.1
cyQ
I
0>
S
•*
•.«:
CDCS
I
a si
81 S
I
^
•IMm.''
QCOD
Z
m6
CSV
cece
tits
CO*
«CD
CBCsSv
t
*8 ce«o9
tecs
a
cecoScB
00
CBcS<9 tptOoV cote8<B
^O
(
••«:
(SCsScB
Ta
• »:
5
le*:
o.-i:
M—
a
H.."
• •a:
f?
cpcs^cs
'
CSV
H--
^
e.
«e
^
si
I
Mce,^''
•«:
CDCD
SIS'
«»:
w cdcdS«
WtOoO
,1-06
•.-:
esSv
66*6
•a
I
ill
I
OM«.a
Bao<
P-.M2
•&
§311
»??
:
44
There has been a more active specolation in cotton for
future delivery at this market for the week under review, and
the fluctuations in prices were somewhat wider than usual.
The week opened buoyant, owing to the smaller movement of
the new crop, not only at the ports but at the principal interior
towns, and the reduced visible supply as compared with
former years.
The better market at Manchester caused a
Mik opening on Monday, which carried prices up 10(317
pointa above the lowest figures for the preTious day. But t he
aooonnta from the growing crop oontinoed very favorable,
the reoelpta at the ports began to be more liberal, the regular
tnMle was doll and the stocks in Amerioan markets continued
camparatively large, and under salea to realize profits a decline of 0(318 points followed.
Wedneaday noon improved
reports from Msnr heater and dearer silver caused some buying to cover oootracta.
Yesterday the Liverpool report was
aomewbat disappointing, and oar market was dull and weak.
To-day an early advance, based on some recovery at Liverpool, was mostly lost in the closing hours owing to he better
crop reports, and espeoially^that from the National Exohaoge,
Cotton on the spot was advanced l-16c. on Monday, although the demana oonMnned very slow, whether for export
or home coosumption.
Stocks tiavebeen pretty fuliv maintained by liberal arrivals coastwise.
To-day the market was
dull but steady, middling uplands closing at 9V^c.
The total salea for forward deUvety for the week are 2M,000
balea. For immrediata deUvery the total Mies fbot up this week
4,8il bales, inehiding 893 for export, S.MS for consumption,
311
I:
I
•:
I
I:
M
how
the market closed on
same
SAUM OS sror
1^
days.
um TBAasrr.
XW<t-
numL
Stewir
Finn
690 30.900,
at iiaadv.
1,190
l,24t
boiann
Pit.
<r<M.
71,000'
40,2001
78,700]
449
S06 33.500
842 44,700
U^utot
9958,926,
4331
299.OOOI
100
• waiea
tfear
ars taportad.
TaSMlay, 9120 Thursday, 9-Olc.; Friday, 902«906o.
:
100
306
800
Th* aaUf aaltvwlss gtvsa aaers ara MtaaUr deUverad tbs daj
pnvtMs M taat
We have Inoladed In the above table, and shall oontloae aaeh
week to trlve, the averace prloe of fntnrea each dav for eaeh month. It
wUl be (oaod ander eacn oay following the abbreviation " Aver." The
average tor each month for the week U also given at bottom of table.
Transferable Orders—Sstardar, 9- 19a.: Monday 9-200.; Toaadaj,
9-I60.; Wednasdar. 9-10o.: Tbnndar, 9-10o.; Friday. 9-IOb
Short notices for Sept Satnrdny, 9-0J)a9-06a.; Uondar, 9-llOj
TIm following exchanges hare been made during the weekt
32 pd. to ezoh. 100 Sept.
Match.
29 pd. to exoh. 100 Btipt.
28 pd. to oxch. iiOO Sept.
s, o.
for
for Mar,
for Mar.
OSpd. to exoh. 200 Sept. for Oct.
n.
02pd. toex. lOOSept.. s. tor reg.
-02 pd. to ex. 100 April for Hay.
'08 pd. to exob. 100 Dec. for Jan.
-05 pd, to exoh. l(Ki Hopt for Oct.
-27 pd. to eioU. 1,000 Sept. s.n. for
|
|
I
|
I
|
Feb.
Ot*
pd. to exoh.
Ootober.
200 Sept. ao.
for
THE CHRONICLa
312
Xhs Visible Supply of C!otton to-ni^ht, as made up bj cable
nd telegraph,
as follows. The Continental stocks, as well as
those for Great Britain and the afloat, are this week's returns,
and consequently all the European figures are brought down
to Thursday evening. But to make the totals the comolet*
figures for to-night (Sept. 10), we add the item of exports frcm
the United States, includms in it the erports of Friday only.
is
Btook at Liverpool
Btook at London
18S6.
1885.
432,000
25,000
S54.000
24,000
457.000
3,300
33,400
20.000
578,000
3.30O
33,800
41,000
300
400
1,500
107,000
0,000
43,000
15,000
12,000
1,3C0
144,000
4,000
42,000
9,000
9,000
bales.
Total Great Britain stock
Btoek at Hamburg
Btock at Breiuen
Btook at Amsterdam
Block at Kdttei-dam
Btook at Antwerp
Btook at Havre
Btook at MaiseUles
Btook at Barcelona
Btook at Genoa
Btook at Trieste
287,800
211,600
Ibtal Continental stocks
TotailEuropeaD stocks .... 698,500
India cotton aUoat for Europe. 114,000
30,000
Amer'noott'n afloat for Eur'pe
Egypt,Brazll,&c.,atltforE'r"pe
4,000
189,059
Btook In United States ports ..
37,315
Btook In U. S. Interior towns..
2,428
United States exports to-day..
1884.
650,000
69.000
1893.
783.000
51,500
719,000
4,700
60,400
42,000
800
2,300
210,000
0,000
43,000
13,000
10,000
834,500
4.800
45,000
398,200
1,700
7.80u
100,000
10.000
57.000
11,000
10,000
270,300
865,800 1,117,200 1,104,300
154,000
52,000
110,000
SS.OOO
31,000
17,000
24,000
1,000
9,000
235.857
152.166
119.960
42,199
17,007
14,581
2,133
3,000
4,000
Ot the above.tbe totals of American and other desorlptloDR are as follow
Afncncan~Uverpool stock
bales
376,000
177,000
afloat for Europe...
17,000
152,166
17,007
2,133
269,000
144.000
30.000
189,059
nnlt«d States stock
37,315
United States Interior stocks..
2,428
United States exports to-day..
Continental stocks
American
Total American
Meut Indian, Brazil, <(e.—
Liverpool stock
Ijondonstock
Continental stocks
India afloat for Europe
Bgypt, Brazil, &o,, afloat
381,000
206,0C0
31.000
119,960
14,581
3,000
I'he above totals show that the old mieiiur stocks nsve
inir««»'"i! durinsr the w«ekf 1,381 hales and are tn-niifht 20,80S
oales more than at the same period last year.
The receipts at
the same towns have been 6,320 bales less than the same
week last year, and since September 1 the receipts at all the
towns are 6,523 bales less than for the same time in 1885.
—
Quotations for Middling Cotton at Other Markets.
below we give the closing quotations of middlins
cotton at Southern and other principal cotton markets for eaco
day of the past week.
in the table
Sept. 10.
511,000
153,0f
53,000
235,857
42,199
4,0,^0
671,802
741,306
758.511
999,056
163,000
25,000
97,500
114,000
4,000
178,000
24,000
110,800
52,000
1,000
266,000
69.000
192.200
110,000
9,000
272,000
51.500
117,300
154,000
24,000
Galveston
Ac
403,500
671,802
365,800
741,306
646,200
758,541
618,800
999,056
1,075,302 1,107,106 1,404,741 1,617,856
Total visible supply
6i9d.
5i3,f.d.
PrioeMld.Upl., Liverpool....
6»i6d.
57i,d.
IOI40.
lOiuc.
lOSic,
York....
New
9»io.
PriceMld.Upl.,
0~ The imports into Ck>ntinental ports this week have been
6,000 bales.
The above figures indicate a decrease in the cotton in sight
to-night of 31,804 bales as compared with the same date of
1885, a decrease of 339,439 bales as compared with the corresponding date of 1884 and a decrease of 542,554 bales as
compared with 1883.
At the Interior Towns the movement that is the receipts
Oi the week and since Sept. 1, the shipments for the week, and
tne stocks to-night, and the same items tof the corresponding
—
—
period of 1885
is
Mon.
Satur.
Tue*.
Orleans.
Mobile
8''8
816,8
8 '8
Bavaunah.
8»8
8»s
set out in detail in the following statement.
...
New
..
8%
Charleston .
Wilmington..
Norfolk
Boston
Wedne*.
Memphis
8H*ig
b'8
8%
8%
8",B
8!' 18
8<>8
9
9
9S8a>a
9»8
8»8
939
908
8»8
93a
9»8
8^^
9
»H
Augusta
ii°>8
8''8
9
9
9J4»38
9
9l4'>38
Baltimore....
Philadelphia.
9
S''8
S-'s
8 'a
r;ine1nnati...
9=8
9»8
Louisville
9
9
8 'a
938
9^8
8t.
....
Louis
fH.
Thurt.
8-8
H's
a\
8%
811,8
8=8®%
8%
8=8
8=8
9
93asia
9389 la
9
938
968
838
8'8
8''8
—The
93«
9»8
93b
9=8
838
878
8^8
938
9
838
Receipts from the Plantations.
9
938a9i»
8%
S's
8'8
914
9
following table
indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor
Southern consumption; tbey are simply a statement of the
weekly movement from the plantations of that part of the crop
which finally reaches the market through the outports.
Week
BruUno—
Aug.
1885.
1888.
6..
2,263
2,038
"
13..
20..
2,898
2,P65
3,125
"
"
*}..
Sept. 8..
10..
Sfk at Interior Townt.
Receiptt at the Ports.
1884.
••
Xotal East India,
StotalAmeriean
OLOSINQ QUOTATIONS FOR MIDDLINa COTTON ON-
Week ending
23,0(J0
1,075,302 1,107,106 1.401,741 1,617,956
Total visible supply
[Vol. XUII.
18S4.
1885.
20,433
18,336
21,255
20,066
19,244
20,173
17.308
25,384
4,914
4,402
11,693
6.660
8,991
12,153
16,337
S0,02S
21.234'
4«,624
S,S,080
42,58ll 20,427
16,599
16.342
16,8d4
—
1886.
Bee'vtt Irom
1884.
{
49,807
PlanVnt
1886.
389^
48,' 10
831
1,9,S5
S,57»
47,542
1.098
8,580
47,688
4,657
12.624
16,859
27,160
7,814
12,807
21.931
46,1871 61,156
47,01»
45.299
49.757
That the total receipts from
the plantations since September 1, 1886, are 50,041 bales^
in 1885 were 85,383 bales; in 1884 were 60,937 bales.
The above statement shows
1.
That, although the receipts at the outports the past week
43, .581 bales, the actual movement from plantations was
47.019 bales, the balance going to increase the stocks at
the interior towns. Last year the receipts from the plantations
for the same week were 61,156 bales and for 1884 they were
2.
were
46,187 bales.
—
Weather Reports by Telegraph. Our advices from the
South to-night indicate a continuation of generally favorable
weather during the week. There has been further improvement in some sections of Texas. Good progress is being made
in gathering the crop.
—
We have had rain on three days of the
dalve-itov, Texas.
wiek, the rainfall reaching forty-one hundredths of an inch»
Average thermometer 83, highest 89 and lowest 73.
FalesUne, Texas. The weather has been warm and dry all
the week and picking goes on nicely. The thermometer has
averaged 82, highest 93 and lowest 68.
Hu ntsville, Texas. We have had warm and dry weather
all the week, and cotton picking has made good progress.
Average thermometer 82, highest 96 and lowest 68.
Dallas, Texas. We have had warm and dry weather all
the week. Crop accounts are more favorable we will make
more cotton than last year. Good headway is being made
with picking. The thermometer has averaged 83, ranging
—
—
Ss
5DO
•
eccjiKi;
O C CC C
toc.c:
ccc
w- w^
i^i*-GOic,i^
—
;
OCJl
•
WO*. ifcu>;
c c a 00 c 10
OO. a
.
1^,
-<1M*
to
Mc»o; tc^ot
<3lOf
M
^snto,
00,-.
«0'
CI >c <J 10
from 68
W M CD CC CK *a
f^aiCiCi'^~v-tj~(xj<iKi
-• MvHOtOMQDCCiyOS
<0. .^vioicotrococn
i.l
—
—
to
_to;
M M H"
ci
a cito* cctoocico*.!too©© ' COCtOWQD:
,(»^oh-wco;o<
t^oo
k.* I.-
#.tDio3i*.
-J
to 97.
Austin, I'exas. It has rained on one day of the week, the
Recent rains
rainfall reaching three hundredths of an inch.
have been very beneficial and there is fair prospect of a top
crop. The thermometer has ranged from 67 to 96, averaging 83.
Luliiig, Texas. ^The weather has been warm and dry all
the week. Picking is progressing finely. Crop accounts are
more favorable, with some hope of a top crop. Average thermometer 84, highest 96 and lowest 72.
Columbia, Texas.— lt\MS been showery on one day of the
week, the rainfall reaching thirty-five hundredths of an inch.
We hear rumors of the appearance of caterpillars, but think
them
of little iniporcance;
thermometer has averaged
^S!
M
COM
OCOO
acw
"tC
-OCO
--^
p' r* 0: to
tfe
l-'WCC
*10D
(*»
cr
cioCCC
W
w iH
»
fc*
»-*
;c
.
tc 01 ^
o
O *J 05 ro 0> C
c&M<)Mc&tpcco<ia»!
00
M -c-sj u to w tc
5|
•8
83,
we want no more
rain.
The
the highest being 90 and the
lowest 73.
have had one shower during the week,
Cuero, Texas.—
the rainfall reaching eighteen hundredths of an inch. Picking
The thermometer has averaged 83,
is progressing finely.
ranging from 70 to 97.
Brenham, Texas. The weather has been warm and dry all
the week, favoring cotton picking, which has made good
progress. Caterpillars have appeared, but we think them of
Otht-rwiBe crop prospects are good.
little importance as yet.
The thermometer has ranged from C9 to 94, aiveraging 83,
Helton, Texoji. There has been no rain all the week, crop
accounts are more favorable, and picking goes on nicely.
Average thermometer 82, highest 98 and lowest 63.
We
—
00'
still
—
Skptembek
THE CHRONICLE.
11, 1886.1
—
'
Weatherford, Texas. The weather has been warm and
dry all the week. Picking is progreaaing finely. The thert
mometer has averaged 78, the highest being 94 and the lowes-
«0.
Ifeto OrleatM. LoniHana.—lt has rained on one day of the
week.the rainfall reaching thirty-seven hundredths of an inch.
The thermometer has averaged
—
79.
9hr«veport, Louisiana. No rain all the week. Cotton on
moist land is still fruiting, but on hills is at a stand. Picking
is generally progressing well. Average thermometer 79, highest 96 and lowest 64.
Columbiu, Mississippi.—y^o have had no rain all the
week. The crop is developing promisingly. The thermometer
has ranged from 50 to 86. Average, 73.
Leland, MissisttppL—TiM days have been warm during
the week, followed oy cool nights. Cotton picking has begun
in earnest. The thermometer tias avenged 76-4, the highest
being 54 and the lowest 90.
f \HttU Rock, Arkansas.— Thti weather has been warm and
dry all the week. Dry weather is doing some harm iu the uplands which will cmnse some reduction from former reports
from this locality. Cotton is opening fast and will soon begin
to move freely. The thermometer has averaged 78, ranging
from 69 to 91.
—
Uslena, Arkansas. The weather haa l>een warm and dry
Picking is progressing finely. The thermomall the week.
«ter has ranged from 63 to 88, averaging 77.
Memphis, 7>»n««y«e.—The weather has been warm and dry
all the week.
Crop accounts are favorable, and picking will
be general next week. Average thermometer 76, highest 9()
and lowest
63.
tiashvilU, Tenness««.—yfe have had warm and dry weather
all the week.
The thermometer has averaged 74, the highest
being 90 and the lowest 68.
Mobile, Alabama.— It haa been showery on two days of the
week, the rainfall reaching fifteen hundredths of an inch. The
crop is develoiiing promisingly, and picking has generally
commenced. The thermometer haa averaged 78, ranging
ftom0O to89.
Mantifomsrjf, Alabama.—The weather has been warm and
dry all the week. Picking is making good progress. n'h>>
cause of the small receipts this week is that farmers are picking while it Is dry and have no time to gin and pack. GiterThe
pfllars have appeared, but with limited injury as vet.
tb«rmomet<>>r has ranged from 68 to 89. Average, 76.
Selma, ilja&ama.— It has rained on one day of the week,
the rainfall reaching ten hundredths of an inch. The
thermometer has averaged 88.
313
BOMBAT KSCBIPTS AND SRIPVEMTS FOK FOCB TBABS.
Skipmenit IMm teeek
SMpmtnlt
\
rear Great Oonii-
Oreat
BrU'n.l nenl.
1886
3,000
1885
3.000
1884 3.000 2,000
1883 2,000!
3,000
3.000
5,000
2.000
Since Jart.
ContiBritaiiil nent.
Total.
1.
Beeeiptt.
I
Total.
Tear.
Week.
972.000
31.S.0OO 657,00c
4.000 1,398.000
2.000 996,000
3.000 1.542.0Ca
4,000 1,547,000
218.000 463.000 tiSl.OOO
-189,000 608.000 1.097.000
44 j,000i779,000 1,224,000
Accordmg to the foregoing, Bombay appears to show an
fnnrease compared with last year in the week's receipts of
3.00C
hales, and Pno
change in shipments
and
the
Hhipments since January 1 show an increase of 391,000bal^«'
The movement at Calcutta, Madras and other India ports for
the last reported week and since the Ist of Janua^, for two
years, has been as follows.
"Other ports" cover Ceylon,
Kurrachee and Coconada.
niticorin.
8hipm«ntt for the vetk.
OotUinenl.
ertal
Brilain.
aaloan»—
18««
SMpmente tinee Januami.l
Oreat
nxco.
000
lOtaL
59.000
58,000
37.000
18,0C0
96,oqo
76.000
20,000
7,000
3,000
II.OOO
23,000
7,0C0
5.000
a,joo
9.000
13,600
40.000
37,000
32,000
34.000
72,000
71,000
7.000
6.S00
13.000
16.600
119,000
102,0^0
72.000
52,000
191,000
154.000
1,000
1.
"too
5C0
1,003
7,000
2,000
1,009
3.000
.4.000
7,300
6.000
188a
Continent.
Britain.
Vadraa1886
1S86
Uloctten—
1886
18«»
total all—
1886
1485
9300
The above totals for the week show that the movement fropv
(he porta other than Bombay is 3,600 bales lejs than same
week last year. For the whole of India, therefore, the totM
ihipments since January 1, IS-SO, and for the corresponding
periods of the two previous years, are as follows:
BxroKTs TO Binu>pa fbom au. ikdu.
1883.
1886.
MtpntentJ
Surope
TkU
1884.
TkU
Mnee
week.
fpeek.
Jan.
3.000
13.000
072.000
191.000
3,000
16,000
681«00
otber porta.
154,000
12.4001
Total
10,00011,163,000
19.600
83.\ooa
17,400 1,301,400
from—
SotnbajAll
nte
Binee
Jan. 1
locUi
week.
1.
I
MiM«'
J€tn.t.
A.OOa 1,097,000
204,400
Auburn, Alabama.—Ttimgnm not received.
Madison, i'Zorida.—Telegram not received.
Maeon, eeorgia,—\t has rained on one day of the week.
AucxANDRiA RsCEiPTS AMD Shipkbnts.—Through arrangewe have made with Mestirs. Da vies, Benachi & Co., of
•nenta
favorable to crojpa.
ColunUtus, tfeori^ia.—We have had no rain all the week.
Aveni;je thcrnioruL'ter SO, higheat 84, lowest 67.
£<;
-It has rained very lightly on three
r of the week pleasant.
The rainfall
da>.-.
reaciuil iwclvu tiuuJredtha ot an inch. The thermometer has
aversKed 75, the highest being 83 and the lowest 68.
Atiffusta, Oeorffia.—The weather has been clear and pleasant during the week, with one light sprinkle, the rainfall
reaching one hundre<lth of an inch. Crop accounts continue
(avcurable, but want of rain for several ween peat haf affected
cotton to some extent. The thermometer haa averaged 73,
Liverpool and Alexandria, we now receive a weekly cable of
me movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and for the
lorresponding week of the previous two years.
-O to «9.
/Ti^ia.—Telegram not feoeived.
A
Albany/, ijcoruia. The weather haa been cool and dry during the week. Picking ia making good progress, and planter*
En>orU
The weather has been
ran:-
'
Al*mu%arta, Mgypt,
1886.
Sept. 8.
188S.
1884.
Kecelpta loantare'l—
3,000
2,OO0
Tbleweek....
aioxe Bept. 1
I'u
—
TMe
tinee
(oesAt.
Bepi. 1.
3,000
4,000
TkU
Binee
week. Bepl. 1.
2,000
£.000
i
tfeek.
Bept.:.
(b»lee>—
Uverpool
1,000
....
1,000
roOontlneiit
1
i.ooo'
1,000
Total Bnrope
•re marketing their crop freely. Average thermometer 77,
'
highest 87 and lowest 64.
A oaaiM la 98 Iba.
Charleston, South CaroHna.—V>'e have had rain on four
This s^tament shows that the receipts for the week ending
days of the weak, the rainfall reaching one inch and thirty- Sept.~ 9 were 3,000 cantars and the shipments to all Europe
nine hundredths. The thermometer haa averaged 73, the
bales
highest being 83 and lowest 64.
MAKCHEsmn
Market. Our report received from Manitatsburg. South UaroUna.—U has ra!ne<l lightly on five chester to-night states that the market is steady for both
days of the week, the rainfall reaching forty-nine hundredths varus and shirtinjcs. 334 cop twist is quoted at 6 13-10@
mt an inch. Picking is making good progress. The ther- '~ 7-16d. and 8>4 lb. shirtings at 5a. 6d.(<«6s. 6d.
mometer has averaged 71*7, ran^ng from 60 to 83.
Annual Cotton Crop Statement. In our editorial coIumnB
Last week we had rain on twodays. and the rainfall reache<l
thirty-nine hundredths of an inch. No seriou* damage done will be found our annual crop statement, with the usual facts
88
highest
75*4,
here by the earthquake. Average thermometer
and information with regard to consumption, &c.
and lowest 63.
National Cotton Exciianoe Crop Report eor Septhe
of
days
two
Carolina.—
It
has
rained
on
Wilson, North
week, the rainfall reaching six inches and Hfty-four hun- tember 1.— The report of the National Cotton Exchange on
dredths. The thermometer has ranged from 01 to 83, aver- cotton September 1 was issued on the lOth inst. and sumaging 7o.
marized as follows
The following statement we have also received br telegraph,
^-tlon tolast year. '•"•"^ •''' •eaeon had not nearly so
In COT'-hawing the height of the rivers at the points named at 3 o'clock good
a
uIiik ibe earl}- iiioutbii,
low averagda r
—
—
'
I
Sept.
9,
1886.
and
Sept. 10. 1889.
Bept. »,'8«.
itel.
aAvUla.
Imt in the Atluntlo
>w
...,o.,iBsl|i|>l Ihnro hiw hecu nu
IroptoveiDentdurlnK the whole of Aueii8t aii'l tlm frultinK Bea«uii has
Rbowa advance inatcad of rotroKrrselon. Wlihin this area, however,
the crop 1« generally lato niid therefiiro iiKirc cxpusBil to hi.v umiro
d
uiifavoralili' InlliPQi-e. <>n the othor hauil. In thii fotiiji
14
Stataanr I'exuH and Arkanasa and piirtliiwa of L'liilxlanii,
exoei't
8tat»aa.,..
..Above low-water mark.
..Above low-Wkter niAfk
..Atmre low-wat«r mark.
.. Below xero of gaoiie
..Abeve low-watar-ioarli.
/MO*.
4
2
7
3
7
1
7
7
1
2
Sept. 10, '85.
ntt.
12
li
Inch
1
:
,„.<r»„..,i
,
I
.
•
Nnw
reported above low-water mark. Instead of below bl^li wateJ
MoTnmT
Dd
raatt
.i,tii, i,.i,t
iiini^Mire.
'i'.IcmI,
th«
nud
hill aiirt
.
Hlicddlni;
i]......i, ...a.ls
has been
i|Uita
hiMHunoiio Hldn haa been inoro
the other, and the i^ennt'ftl condl-
r. III*'
,.
n
!
„
miiirovi d.
1)11
Worms
hiive iiiiiioareU In ver.v inuny
L.ibdf U plentiful. Tho
1 -;ni!
(;li>«e of Aui'iiKt
,.
op hy States
I;
North ('arollna, 84; Soiitli Cirollnu, 80
1:
Tenneriee.
U.^
Arkaiisas.
'I,
;
Ov:
Alal>.iina, 86;
average fur hell, 8U aver i,
,ar,
;
„...iia, »4: Tejcas, 90
average year before, 80.
.ft li»v<^
,
1
dune uo damage.
In
aa follows:
•
all Ports.—The
receipts
aliipments of oott«n at Bombay have been aa follows for
the week and year, bringing the figurea down to Sept. 9.
CoTTOM
..r
1
u itioT to Otflober 30. 1885.
ijiDiA
.1.-
7
r
aark
;
>
9
4
14
in HIaalaalppI ani:
.....,ij all territory ea«t I
;
I
.^.
91
;
,
;
;
.,
;the chroniclr
314
The Agmcctltural Department's Report for SpeTEUBER. The Agricultural Department's report on cotton for
September 1 is given in full below
The cotton returns show a rlKoroiis condition of the plant, with late-
—
:
ness and defloienoy In fniltlnK. There has been improrement In niuat
of the StaicH. with decided decline hi Te.\a8 and a little in Arkaiisaa.
The indl»iiutal»le rediu'tloii of condition lust month In the smith and
Tfost of TexHs has boin tniphaftizi'il in this return. The avera;;o of condition of the croj) area, 82. is slightly above that of AiiK»st I for the
first time in Pcptcinber in llfteen .veare.
With a long and favorable
antnmn It indicates an average crop. Yet a decline In condition after
this date Is usual. Insecta hare appeared In most of the States, with
Uttle loss so far, more from the boll worm than from the caterpillar
The State averages of condition are: Virginia 77, North Carolina 82,
South Carolina, 81, Florida 83, Georgia 81, Alabama SO, Mississippi 82,
Louisiana 81, Texas 76, Arkansas 93, Tennessee 95.
That the reader may have for comparison the condition,
according to the Agricultural Department, for September 1 of
previous years, we give the following, collat^ from its
reports:
OoMPAHATiVE Port Receipts and Daily Crop Movement.
—A comparison of the port movement by weeks
00
00
00
00
Tear Btginning Beplember
Monthly
Steeiptt.
1885.
Georgia
Florida
88
So. Carolina.
Alabama
54
Mississippi .
Ijouisiana ...
83
Texas
Arkansas ...
Tennessee ..
72
83
90
Average
9.^
89
83
90
88
89
101
84
871
.
Taking the above
82
8ti
100
89
74
84
88 89
88 87
97 60
95 99
90 107
92
92
85
90|
figures for September,
Jnly
August...
Oorrot'ns.
86i92-3 88-3 70-4
1883.
1882.
283,645
202,866
133,117
84,715
45,947
69,235
31,444
163,503
103,375
35,575
11,855
10,194
39,099
13,187
241,514
111,755
45,918
31,682
19,504
15,966
30,632
1.
1880.
1881.
.
June.
93
86
80 i88
86 91
81 77 90
91
94 83
92 91 83
89 88 87
85 92 90
101
70 62
98 99 97
91 100 119
100 83
93 HI
95 82
91 86
88
1884.
Sept'mb'r 385,642 345,445
843,812 326,656
October.. 1,0=;5,524 1,090,385 1,046,092
980,584
Movemb'r 1,083,552 1,122,164 1,030,380 1,094,697
Oeoemb'r 1,069,920 1,104,211 1,059,653 1,112,536
Jan^-dry
543,393 475,757 487,729 752,827
February.
414,656 261,449 385,939 695,598
May
IH
00
87
86
not accurate,
m
April....
No. Carolina
is
weeks in different years do not end on the same day of
the month. We have consequently added to our other standing
tables a daily and monthly statement, that the reader may
constantly have before him the data for seeing the exact relative
movement for the years named. The movement since
September 1, 1S8S, and
previous years, has been as follows.
as the
March...
etatet.
xun.
[Vol.
482,772
284,519
185,523
78,504
42,299
58,386
24,837
429,777 458,478
853,195 968,318
974,043 1,006,501
996,807 1,020,802
487,727 671,701
291,992 672,728
257,099 476,58*
147,595 284,24e
113,573 190,054
68,679
131,871
36,890
78,572
45,143 115,114
17,844
123
Total year 5,396,686 4,776,199 4,850,576 6,019,738 4,720,364 5,874,090Pero'tage of tot. port
99-62
99-72
99-37
99-59
receipts Aug. 31..
10000
00-41
00-38
Corrections
00-28
00-63
OO'O*
100-00
100-00
100-00
100-00
Total port receipts.
10000
This statement shows that up to Aug. 31 the receipts at the
and adding them to
com- ports this year were 630,487 bales more than in 1884-85 and
546,111 bales more than at the same time in 1883-84. The
receipts since September 1, 1886, and for the corresponding
period of the five previous years have been as follows
•those for the previous months, we have the following
parison between this year and last year:
:
1886.
StttUi.
1883.
u
§
•^
K. Car'lina. 97
8. CarUina.. 83
8-2
Georgia
97
Florida
Alabama... K7
Mississippi. 88
Louisiana..
8.'.
Texas
Arkansas
96
83
99
.
Tennessee..
5'
S
-»
-^
91
74
76
62
Hla 80
99 HH
80
79
84
97
92
98
Average. 88-7 SG-1
77
79
I
«
82
81
81
83
80
73
88
96
95
82
81
76
93
95
81
82
s
1
S
S
-5
93
96
95
93
92
92
95
96-8
91
85
96
97
92
96
100
99
95
101
100
91
97
97
86
88
91
90
!i0
93
96
97
95
92
99
100
92
84-4
92
96
96-5
87
•^
86 C
75-5
81-0
91-2
81-8
82-0
81-2
89-2
910
^
«
91-0
94
95-8
94-2
91-8
95-8
8-<
89
90
82
83
87
9li-3
88-8
91-8
91-5
92-9
Georgia Agricultdral Report.— The report of the Commissioner of Agriculture for the month of August, which was
issued Sept. 7, indicates a general improvement during the
month in all ctops. The condition of cotton compared with
an average of the past five years is reported at 81, against 75
on August 1.
Memphis District Cotton Report.— Messrs. Hill, Fontaine & Co., of Memphis, issued on the 8th mst. their report
for August on cotton in the Memphis district, as follows
:
"The weather during August has not been the most favorable to cot"
ton, although a Urge majority of our correspondents report it much
more favorable than last year. The wet weather which prevailed In
June left the plant in poor condition to witlistaiid the drought, and the
warm, diy weather which extended from early in July to about the
middle of August caused material shedding, and there is a general complaint of injury to the plant throughout the entire district from this
cause, together with rust, which is also generally complained of, except
In Mississippi, wuere the outcome of the crop is noted most favorably.
Seasonable showers fell during the last two weeks of August, and tliere
has been a marked improvement in the crop since that period. The
plant is repiiried as being unusually heavily fruited and lu the majority
of cases is retaining its squares and bolls. Of the 310 responses 226
report the crop in better condition than last year, which is a fair index
of the bright prospects for a full avenige yield within the district.
Picking has I" gun in some few localities, but will not become general
throughout he district until about September 18. Notwithstanding the
damage reported, the indications are that, with fair seasons and a late
frost, the yle.d of this district will exceed the yields of the past three
I
years."
East India Crop.— By to-day's mail we have the cotton
report of the Bombay Company, Limited (successors to Messrs.
Wallace & Co.), dated August 10, as follows
The reports of the new crop are excellent; and a timely break in the
monsoon has enabled weeding, which was retarded by the previous
to be proceeded with, and so far there appears to be every
prospect of a good a. id early season. Receipts are unusually heavy for
the time of year, and come chiefly from the Oomrawuttoe districts. The
rainfall in general has been extremely light diiring the last fortnight.
Although roiilflcial report of the amount of the acreage under cotton
has yet been published, there seems to be no doubt that the areat planted
is in excess of last year, and this Is especially the case In the Oomra
Jute Butts, Bagging, &b.— The demand
for bagging has
1881.
1882.
1883.
6,983
6,343
7,336
5,675
9,155
S.
10,390
8,634
8,660
7,356
8,206
5,646
8,396
13,920
8.
5 4,34 J
64,014
41,053
55,371
40,148
101,730
e of total
port reo'r ts Sept. 10
01-18
00-86
0111
00-66
021»
"
"
2....
3....
«
"
4...
6....
"
6....
"
7...
"
8...
" 9....
" 10...
Total
6,314
5,676
2,792
3,281
6,690
7,089
4,91<
5.870
6,205
8.
8.
5,055
2,890
6,600
10,356
10,182
2,914
2,546
2,052
2,519
5,040
3,704
Sept.l...
2,765
B.
7,215
3,996
6,169
4,969
8,194
8,143
S.
5,868
3,396
5,630
4,493
6,405
6,405
S.
8.
18,859
9,069
7,637
8,181
18,792
13,054
This statement shows that the receipts since Sept. 1 up to
to-night are now 9,670 bales less than they were to the same
day of the month in 1885 and 13,291 bales more than they were
add to the table
to the same day of the month in 1884,
the percentages of total port receipts which had been received
to Sept. 10 in each of the years named.
We
—
Shipping News. The exports of cotton from the United
States the past week, as per latest mail returns, have reached
So far aa the Southern ports are concerned, these
16,961 bales.
are the same exports reported bjr telegraph, and published in
With regard to New York we
the Chronicle last Friday,
include the manifests of all vessels cleared up to Thursday
night of this week.
Total balet.
Nbw York—To
Liverpool, per steamers Archimedes, 1,092
Germanic, 2,428
Aurania, 379.... City of Chester, 1,977
Wvoming, 1,264
To Hull, per steamer Chicago. 500
To London, per steamer Grecian Monarch, 193
To Havre, per steamer La Bourgogne, 1,500
Elbe, 132
To Bremen, per steamers Aller, 200
To Hamburg, per steamer Sorrento, 150
To Antwerp, per steamer Belgenland, 100
New Orleans—To Liverpool, per steamers Areclbo, 360....
Actor, l,188....Jaiuaican, 2,540
Nova
Baltimore—To Liverpool, per steamers Guldo, 632
Scotian, 1....0ranmore, 1,249
Virginian,
Boston— To Liverpool, per steamers Pavonla, 1
1,175
7,140
.500
193
1,500
332
150
lOO
4,088
1,782
1.176
16,961
particulars of these shipments, arranged in our usual
(orm. are as follows:
Total
The
heavy rains,
districts.
1884.
1885.
1886.
9
Liver- Bulldi
vool.
New York
N. Orleans
Baltimore
Boston
ToUl
7,140
4,088
1,782
1,176
14,186
Lond. Havre,
693 1,500
693
1,500
Brem- Bam-
Atit-
tmrg.
werp.
Total.
332
160
loO
9,915
4,083
1,782
1,176
332
150
100
16,961
en.
Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to
been moderate since our last, but in the aggregate a fair
of business has been done. Prices are steady and the latest dates:
sellers are qunting 7c. for lU lb., 7i^c. for IJ^ lb., 8):^c. for Boston- For Liverpool— Sept. 6—Steamer Iowa, 504.
For Halifax— Sept. 4—Steamer Carroll, 100.
2 lb. and 8^@8;'4c. for standard graaes, but we hear that a
For Yarmouth— Sept. 4—Steamer Alpha, 51.
few lots have been picked up at a shade less. Butts have been
Below we give all news received to date of disasters to vesinquired for to arrive, but little business is reported, buyers
&c.
offering t< o low a price. On spot a fair inquiry is reported, sels carry cotton from United States ports,
for Antwerp, before rewhich is being supplied at 1 9-16® 1 ll-16c, for paper grades ATKBHUtB, steamer (Br.), from New Orleans repairs
and resumed nw
I>orted at Key West In distress, completed
and 2 8-16@a 5-r6c. for bagging qualities.
voyage on Sept. 6.
amount
SBrncxBEB
THE CflRONICLK
11, 1886.]
Oottoa {reUfhta the past week have been as follows:
l.«
UT^rpoot,it»«m d.
...•
-a...d.
Do
Ban*. uani....e.>i«*i>a3
O*
mU
....
....
iin*^ iiti*H
—
Siv
....
•e*
..—
nM»% "mS^
»Sf«%
..—
iitf*» "«l«*l
"m*^
^•«
....
....
....
•js
h«
»w
....
3«V
HIV
—
»1.
....
....
....
salt*
-—
.--
•l.
8a
V
32lt*
....
^hr^u Wit»^J* U»»T„ Um»t„ Wll»Tw "J»»T,.
Baral, itoam....*.
mU
..—
....
..•
saU.-.e.
»M
~«.
•u
tall....e.
Do
».«
--..
»M«^ "m«^
>>3S
Amat'd'm, teani.s.
Do
>•
...
e.\
Pnuisii. staam-.eaaU....*.
Do
BambuTK, (team.e.
Do
H
JH
Wtdnu. Tlmrt.
rM«.
Mmt.
JMmt.
A
Tm»>«
>U
....
....
...
....
Ttt*<4
13»9H
ht
»14
...
'««»i
T„«H
»1.
»».«
^w*-*
»w
»..
»•«
»«
THc«t«.(tMB...<L
»»s«
>»M
<*M
"«
>•
H
H
>S
Aatwerp. itMis 4. ''m*'*
* Per 100 Km.
LimtPOOL.—By o«ble fiom LiTerpool, we h«Te the toUawtifi
Utement of the week's sale*, atooia. Sec, at that port.
add previous weeks (or oompamon.
We
Bale* of the
—
waak
balaa-
47.000
0( wUoherporten took
Ot whloh vMolaton UM>k..
i.ooot
l.OOOl
40.000
7.0001
lalaspart
ranlM....
TMal stook—tttbnassd.
3.000
5S3.000'
873,000
31.000
Ofwkiek
Total Import of the weak.
S1.000I
Of
kBO
Of wkleb
83.000
20.00C
liV.87
AKS.
40,000
2,000
1.000
34.000
e.000
7,000
503,000
3tl.000
20.000
9.000
83.000
34,000
51.000
3.000
8.000
41.000
4.000
5.000
456.000
tnjooo
10,000
5,000
90,000
30.000
The tone ot the liverpool market for spota and
dajr of the week ending Sept. 10, and the daOy
•r spot ootMo. har* bean
• follows:
futures each
ekiaing pricea
Bareaa^
Oood
13,000
1,000
13.000
3.000
Mm.
Sat.
mxao
51%
61%
53%
534
50^8
September deUvery
OM^deUverr
51%
53%
IToTSBber delivery
coaa.
Wtd. Thurt.
jovi
51
61>8
51'«
52i«
52>a
S3>4
58%
Tut*.
50%
61«6
52
IH.
50«4
SOJ
51'8
53%
53«4
52%
December deUvery
55%
UaydeUrery
well
as
the
as
regular
trade,
aotive.
Tlie
hava
been
Oats
speonlatioB, has been large; yet the fluctuations in prices from
one day to another were without much signiflcance. The
close is
somewhat depressed.
OAiLT OLOsnio raiOM or no. 3 oats.
Km. Tuu. Wed.
SM.
33>4
33
38
82
aeptsmbarAaUverr
83i«
SB's
November dallvary
Deoember daUvery
May
38''.
32%
83%
83°*
TAur$.
32%
33»8
34%
87%
delivery
Fri.
38
S3«i
31^
W%
33%
84%
34*4
|S%
Rye liaa met with a fair demand, for the few carloMls
Canada Peas are slightly dearer. Barley and
arriving.
barley malt remain quite nominal.
The following are tbe
8,000
•faa.Aazp.
10.000
1,000
nna
Wis."
1441
tkSOrjLJ
10.000
2,000
U
SUadr
ello«.
T.
Imcvlar.
I
(or
laraonthe
0*M ««k
«.
4.
4.
lOS • <• •as
<s • IS •••
OtL^Kor. 4S4 4SS 4SS
Rot^Dm.. 4SS 4«S 4M
4«S 4«S 4SS
Jtn.-r**.... 4SS
«SS
r*».-Manb • SI • 01 • «l
Mar.'Awil.. toe • OS • «•
Apni M*r.. • OS • OS • as
UwJom.
0»Mttw«k
4.
• OS
«.
4.
4.
4.
• Illtll
•as • OS
••t • SI
• •0 • so
• 00 •ao
•U
• 00
• SI
• as
Sll
• as
• 01
• ss
too ••!
sot ^•as
u
• •I
• 00 aot
• OS soa
•«e
•Ml^ssi^M.^as
•
• II • ••
• OS • as • 04
• SI • 01 • SO
• so • as 40S
•as • 00 4S(
• 01 •«• • 01
• as •as • as
• as • as so«
• as
• O^ SOT ••• ttl
• or
MyteWs
^nMVBef 9#9ta We
as
• as
4SS
4SS
4SS
•3
2
8
• asitas
»M
.V
XXVkXXX..
and
M*idr-
at fntnrea at
H« jnraa below.
o
These
dsf oCtti
of Uplands, Lo'>wluadUng olanae, unless
tM*. (Xm
bbl.
SOS
4.
•OS
SM
• SO
4SS
ass
• as
BOS
604
BOS
closing quotations:
nx>OB.
00* 3 75 Sooth'n com. extra*..
2Se 3 90 Soatbem bakers' and
95* 3 80
family brands.
50* 4 75 Bye Sow, •uparflne.
00a 8 40
Fine
50* 4 75 Oom meal-
Bap<nilne
BprlBg wheat extras.
Iflnn. clear and ttrat.
Vlaterablpp'KSztras.
flas
Q««t
DaOaa«
|
Uwpool
9m
91%
....
,,
Febmary delivery
93 1«
93%
9S«8
90
i»8>8
UaydaUvety
93ai
Indian corn has been variable. Aa advance was caused
early in the week by froei accounts from the Northwest, but
these disproved, a smart decline followed, the Ibwer prioea
leading to larger buaioees for export. There has been a much
better supply of prime white corn from the West, wliich
mostly sola at 58c. afloat. Yellow com is very scarce. Today
mixed com further declined, leading to a large export
OoCSwdeUvory
Mld-OrTaa.
Martat.
4 P.M.
OAILT OLOSraO PBIOIS OP HO. 3 SBD WOrrBB WHEAT.
IStM.
Wtl. TkUTB. JH.
8aL
Jfon.
87 >«
87 «
87>4
87%
« 87>4
In elsvstor
87«s
....
87
87 as
87%
September delivery
8878
89
88%
88 4b
October dellvecr
SB's
88>a
«»'«
9008
90 >•
90 >
90
90%
November d^very
91 '8
9119
92
92%
01%
December deUvenr
91>a
93>4
93>4
93
93%
93
93
JaDDarr delivery
DAu/z au>sne pbiobs or no. 3
MULOpl'ds
alM...
The market for wheat has been compiiratively quiet. The
speculation has been sluggish, lacking active influences to promote the fluctuations in prices, without wlilch speculation cannot go on. There have been reports of bad weather from Qreat
Britain and reports of a purpose to reduce the duty on wheat
imported into France, but these had been slight and temporThe export demand
ary influencee in strengthening values.
was slugi^isb early in the week, but has latterly improved,
The milling demand has been
though only moderate to-day.
quite brisk, and to-day the market was about steady,
business.
63.000
7.000
3,000
51.000
5,000
4.000
433.000
369,000
39.000
I0.000
65,000
23,000
thfr»4^.
Market, (
13:30 P.M. {
315
3
3
3
4 40* 5 00
BUk
.
4
sss • ae •as • as
sss • OS ••• • as
«.
a.
a.
ass aas
4 41 aas
«« 4<*
4SS aas
r«k.-IUr«k • 00 • ao
llar.^Apr .. tot BOS
ass aas
4 SI 4St
Apr^lUr.. • •«
«M
0*t..llo«.
4 SI
t.
aw
o*«>at«*,tM.
Lfm.
am
aas 448
• so • OS
• as • at
• 04
•
M
«.
4.
4.
•as
tot
•ao
aas
aas
• OS
[•01
[•OO
lass
ass
• OS •as
• SI
4.
• «• • as
• 04 •oa
4SS
aas
ass
aas
ass
as*
ass
ass
• SI
• 01 • 01
so* ••• • as • as
• 03 • •> • ••
4.
• as • to
•oa • 08
• 00 • 01
aas • 00
ass • 00
•so • 00
• St • OS
•ss • 04
sss • ae
8 0S
SM
BOO
4«a
4 03
• ao
BOt
sas
BOO
SIO
BOS
6 01
BOO
600
BOO
BUS
604
BOS
PUDAT.
The floor market has been almoat without feature for the
week under roTiew. There has b?ea a steadjr demand for
export and home consumption, and reoeivers have found little
4iflloalt7 in
maintaining Talnes,
At the
close,
waltry weather rathsr rsstriota the inquiry
however, the
from the home
....•
295
We
BM««f<« at—
JWiir,
WkMt.
Bti0».
Ooti.
(tora.
HlMU
SMtlSSlU AMa.SOIN'AMkJSAf AH*JSB*<AH».48Ik«>MkJSl»i
BSa.SMS,
MU«aekaa~.
Toledo
Uatrolt
CicTalaad,..
du Loal*.
To.si4|
isa3»
S,S07
t,Tao
S8SJ
asB.a8i
•4,aoa
aje?
1400
tjBMU MSIMB,
•0,490
sa,i«s
187 .OSS
SB.MS
tl,3»l
411.888
18.500
SS.OOO
Sn.740
loejao
*MJ»0
ST.4aS
17,400
•.B83.B41
8340,688
4.001340
TaD3S4
UB.SS1
•.IBOMS
U,«80
Oalntk....
aasMO
47.881
ass,sa4
MOins
lOSMS
injoo
Tat.wk.<aa
Auta% wk. 'SO
•a* wk. '84
S,»n.48S
sjrajst
l.T43,Tlt
•4S.061
•n.188 ia.aea.S7s 14.071.000 18.0»t.8UI
sasMs •388. 4S4 lajsLSHS •.8SI.B4S
l.S»).8a3
».ite.oo»
408310
Mwt JvlySa
UM....
ISH....
iBsa....
1,I44JB7
I7,S74.S14
vt.tmfi\»
Whaal,
bu»k.
1,831.800
72.916
70.190
Flmir,
bbU.
r. M.. September 10. 18S6.
3 40a 8 90
Brandy wine. Ae...
8(8 JOB
The receipts of flour and gram at the seaboard
weekended Sept. 4, 1886. follow:
BREADSTUFFS.
8 50* 4 75
20* 8 45
30* 3 60
3
2
OBAUt.
;re— wi
80 • 91
Mateand Jeraey.... 56 • 59
ler bnsk.
31 • 35%
Oata-IClzed
86 e 87
_ Jo.3
White
34%» 40
S7«*a 88%
wlatar, 110.8
32 • 83%
77 • 91
0.8 mixed
Red winter
85 • 86%
80 • 90
llo.a whUe....
White
Cjm— West, mlied 40 • 51% Barley Malt90 VIOS
Uanada
50)4 • 51%
{sst. mix. Ho. 8.
Blata, two-rowed... 75 • 80
ast.walte
48 • S3
Btata. aU-n>wed.... 85 • 90
48 • SS
•skyeUow
Baricy-No. 2 CMada. 75 • 80
58 • 56
WUteBoathem..
Pea»-CMiada
68 • 70
50 • S3
Tallow
The moremetit of breadstufts to market is mdioated In tbe
statements below, prepaued by us from the figures of the Mew
first give the receipts at Western
7ark Prodaee Bn^ange.
lake and lirer porta, arranged so aa to present the comparative movement for the week ending Sept. 4, 1880, and since
July 34 for each of the last three yeaura:
Chieaio:^.,...
VpI, »mpt. 1*.
WMtem, Ac
aaoa soo
f3 00* 3 40
tfewTotfe
Boston. ...
Portland ..
Hmitrsal
:0i<..M«7
22.790
126.032
Philadelphia...
\i,\r>0
Baltimore
81.497
8.916
14.6J0
481, TOa
974. 6^S
Rlehmoad
Sew,Orieani...
77,H12
00.500
Total week... 274.44H 3,6^3.598
Oom,
friuA.
497.600
113,123
179.138
40,012
88.334
40,000
926.
Oor. weak'85.. 205.909 1.023,008 1,749,4'
Oalt,
tnuk.
ports foi>^
Barle/
ft«r
609.614 125/
174.179
THE CHRONICLE.
316
4, 1886,
week and
several seaboard ports for the
The exports from the
ending Sept.
shown
are
in the
3c. for 56x608.
Stocks last Saturday and for the three
previous years were as follows:
annexed statement:
eepl. 4,
XxporU
Com.
Wheat.
from—
.Flour.
Buth.
Buth.
840,446
90.555
88.000
20S,«01
Phlladel..
131.9.^3
Baltlm're
N. Orl'ns.
564,479
63,977
65,713
Tot. w'k. 1,988,011
8'ine time
321,731
166,627
58,903
612,846
585,959
86,777
190,331
Bblt.
53,031
55,339
244.0.^8
2,165
8,548
3,071
42,853
115
3,670
19,765
SO
JEUohiu'd
. 1885.
48,698
Total stock (pieces)
Fancy
12,896
40.671
111,836
prints, other
Sept. 8'
1884.
1883.
532.000
29S.OOO
160,000
117,000
223.000
269,000
60,000
248,000 1,069,0001,389,000
669,000
Provideiice speculators
Outside speculators (est)
eieo'i
Sept. 6,
399,(100
97,000
3H,000
88.000
25,0u0
FkU KWer manufacturers...
Biuh.
6,294
Sept. 5,
1S(85.
1886.
Held by Providence manuf rs.
Buth.
40,671
Buth.
2.830
7.375
Boston. ..
H. News.
Montreal.
Hew York
stock of Print Ototht—
Pea*.
Rye.
Oali.
XLIU
(.Vol,
381.000
223,000
285,000
180,000
than specialties, ruled very quiet in
first
hands, but other descriptions of calicoes were in fair demand
by package buyers, and active in jobbing circles. Cotton dresa
goods and crinkled seersuckers continued in steady request,
but ginghams were somewhat less active.
—
The
supply of grain, comprising the stocks in granard
at the principal points of accumulation at lake and seaboary
ports, and in transit by rail and water, Sept. 4, 1886 :
visible
Corn,
buth.
,783,046
41,500
15,000
520,442
Wheal,
In tttre at—
buth
Hew York
Do afloat
Albany
L.-iOO
Bniralo
2,764,180
Do
7,911,015
Do afloat
HUwankee
Do afloat
3,069,249
Duluth
3,647,783
231,125
487,925
3,072
86,444
3,995.887
1,713.496
77,000
4,722,342
113,000
54.434
86.887
401.977
1,093.408
8.279
138,000
412,379
885.108
Oswego
Loals
Cincinnati
Bt.
Boston
Toronto
Montreal
PMladelpUa
Peoria
Indianapolis
Kansas City
Baltimore
15,s27
158.582
21.855
69.891
80,590
70,o<i0
......
55.400
1,250.368
7,000
411.601
163.000
163,555
52.000
2,252
114,624
48,656
47.800
22,341
8.000
7,222
13,685
9,092
31,ti65
343
10,439
213.925
23.407
4K,fi00
282.907
53,790
41,095
126,026
652.440
254,900
39,8S5
31,747
615
16.174
5.800
4.481
6.919
2.323.404
BtPaul
... ..
......
380.000
81,500
Mississippi...
lakes
1.075..585
canal
2,352,000
61,000
1,502.247
1,220,100
......
4,000
152,686
week. Some fair-sized orders for lightweight clothing woolens, as cassimeres, worsteds, cheviots,
indigo- blue fiannels, &o., were, however, placed (for later
delivery) with the commission houses, and there was a steady
hand-to-mouth demand for heavy woolens, overcoatings, &o.
Astraohanand boucle cloakings, also Jersey cloths, have met
with a fair share of attention, and there was a steady move*
ment in tricots and all-wool and worsted dress goods, ia execution of recent and back orders. Flannels and blankets were in fair
demand at first hands, and active in jobbing circles, Kentucky
jeans ruled quiet, and satinets were in light and irregular de
mand. Shawls and skirts continued in fair request, and there
was a steady business in carpets, wool hosiery and heavy
Underwear. Prices of all desirable woolen goods are firmly
maintained, because of the light stocks on hand and the upward
tendency of the staple.
FoREioN Dry Goods. There was a steady call for some
descriptions of foreign goods at first hands, and a moderately
good business was done by jobbers.
Dress goods were in fair
request, and velvets continued to move steadily, while a
latter part of the
—
afloat
Minneapolis
On
On
On
5,796,437 2,013,174
56,000
afloat.
Toledo...
Detroit
Do
buth.
43.096
8,300
19.000
4,287
afloat
OWcaKO
Do
Barley,
btuh.
1.422
Bye,
Oatt,
tmth.
669.129
13,900
52,000
11,335
5,144.946
512.000
Domestic Woolen Goods. Men's-wear woolens have not
shown much animation, owing partly to a strike among the
clothing cutters in this city, which was not adjusted until the
......
54,540
improved demand for dress silks was reported in some
though the latter were by no means active. Clothing
142.101 woolens were in fair request, and a pretty good trade was
201,8-2
406,556 done in linen goods, laces, hosiery and upholstery goods.
Prices of staple goods are generally steady here and at the
slightly
Tot.
Tot.
Tot.
Tot.
Tot.
Sept.
13,192.649 4.949.210 564.317
.770,270 4.244.879 571,5tJ4
460,772
'R6f 42.120.(102 7.703,405 6.b63,679
'84 1 1 8.5/9.035 4.512.814 2,107,424
989,476
'83t 23.514,992 13,217,738 5,427,065 1,580,463
Sept.
Sept.
Sept.
807.943
4. '86. 42.96.5.3.S9
Aug. 28, '86. 4 1 ,285.035
5.
6.
8,
'Minneapolis and
Bt.
1
57'?.9bO
1
Paul not included.
quarters,
sources of supply in Europe.
THE DRY GOODS TRADE.
New
York, Friday,
Importations of Drr Goods.
P. M., Sept. 10, 1886.
There was during the week under review a continuation of
the activity lately noticed in the jobbing branches of the trade,
somewhat unfavorable weather
conditions.
There
the market a large force of retail buyers from
all sec-
in spite of
is still in
tions of the country,
and
their joint purchases reached
The importations of dry goods at this port for the week
ending Sept. 9, 1886, and since Jan. 1, and the same facts for
the corresponding periods are as follows:
^229^1
I
5
f32 ?|5
2h
an
ginghams,
prints,
&c.,
having been unusually
liberal,
owing
partly to the lower freight rates lately established by the trunk
lines of railroads.
The demands
fair
movement
and back
in fall
orders.
hands was steady, but
at first
moderate as regards personal selections
;
yet there was a .very
and winter goods on account
of recent
Accounts in regard to the distributing trade
of the interior continue very satisfactory, and though out-of-
town jobbers "stocked up" very
freely in
June and July,
stocks are gradually nearing the replenishing point,
supplementary demand for seasonable goods
their
and a
fair
*
^l
,
^
cj:."
u
OiU
O-C
XH-
•^
v>
M
V
o
packages, of which 1,030 were shipped to China, 468 to United
States of Colombia, 321 to Great Britain, 174 to Central
ica, 140 to
Argentine Republic,
etc.
The
situation in
Amerthe mar-
ket for staple cotton goods has not materially changed, the demand at first hands having been steady but moderate, while
more than an average business was done by lead,
'obbers.
Plain and colored cottons are steadily held by
Ul agents, and stocks are much smaller than at the corMng time in former years. Print cloths were only in
demand, but prices ruled firm at 3%c. for 64x648
:
!
«<yt
^-00
K)
-1
MW
-C-
%:
wrcKiicas
to
C>3l^tOtO<s|
K) 00 Ot *- t3
o
:
:
»
o
00
1
:
1
i
:
1
tcox*jy<
00 to
00 Ci
--
M
CD*J
"-'
Ci to
Co --
^^
MH>
KICO
u-y
M^
®H
»-ooc;ioy»
lOt-"
i-cn
tocs**o^
(f-OO
(X
^a
xc:*-
:
i
one
M*
o
b'-*
oto
S3
CJiCXCOi^CO
100.750
11,673 15,702
15.425
6,830
O y3
COO
a to-^x(o
"CCOD
Co oo J.
I
C;«bOQDMt-
<I^WaiQD
00 ;3
00 1^
oi CO
XMa
t-too**.^*^
M
H
*»
MM M
to to ^1
CD
a
WW
WI-»X»—
O a to (»
MCS tfk-^lCdCC'J
H'
to
M
«Oi
^^
hS
QCCd
OS*i®*^ w
WXi CO 3: M a> o
ts
II-
t— yi
atooacoto
CJ»
®a>
WOlCPOO
l(^
COr-
OSM
CO
a)i->aH>QD
^v>
*--
tC<iOiOVi
a CO to
-Jt-
isiderably
-X
OS -1 -J to -J
-JO
i-MCOWOJ
X ^* oi y»
Qowto^a
OtiO
H*to
cnro
c. I—
OS*- -J<J5S
i»- ts CO 3. ;^'
sn-xf^ic to
OZCD X-JtO
oscototoos
"O'CD*. COCO
WCOr-MM
00
Ss
i
I
o
--a
^ 01
-
K to M o< 00 o; to
I
I
N
(-•Ot
00 h-
woo
mIOOO
x>co
I
I
I
I
I
M
to
Oltt'-'OS'-'
d~ia*^py
CO
to CO -q CO OS
C CO <^ C CO
^^ to u
^to *
w"^*.^
b
to'oi'-j'cn
J
•^
O O 00 CD
^-J^AtO
tccnooci;
**OC0C0-J
l»-h-OMO
i)t
OS"-
cob
-JO
W<JOW
aco rcoQo
CDCTl*».-4-s|
OCOXQtO
MMWCOCn
VboloM
OS
X Vb 00
to
O UL CD
h*
I
W 00 M JO CO
bwbiow
C)«V
en
o*cob"—
CD<I
-JOS
U;^COCO<I
^C0C0CD~3
oc:-j-jto
•-'-'
vt*-
COr->
:
O'CC'Jf
IX!
V03
(JO
3
126.010 177.0.-6 106.654 295,032
>-01
if^
o
o
H- 00
49,614
O V 1^
CD
^
:
at9
j->tOUUpi
ro
:
1:^
h-tOOJ to OS
tcw'^^'^to
OiW-JOsiP'
CDTD
Si
t9
to-scao**ot
CO
E
01
:
1
>—
of the exceptionally small stocks of domestic goods on
DoMES'nc Cotton Goods.— The exports of cotton goods
from this port for the week ending September 7 were 3,440
«
.*.,..
'
fabrics are steadily held as a rule.
«
r:
expected in the
hand
most part very firm, and desirable imported
«
•
,
near future by commission merchants and importers. Because
prices are for the
:
g
Till*"
yi
is
°
5-
important aggregate amount, operations in staple cotton goods,
J-
y — ^ to
cj>--coajw
VlGOK,»-tO
OiOO-JtO
to
o -J to to
*
=1
SfemxBKB
THE CHRONICLE.
11, 1888.J
Companies.
J'tntst
Stntst Compatites.
OP NKW YORK,
^usttratxce.
THB
Union Trust Company
Provident Life&TrustCo
OF
7S Broadway, cor. BectorSt. N. Y.
CAPITAL,-
PIIII.AI>ELPIII.\.
looorpunted Third Mo.. Md.
OFPICK^OF^THB
1S05.
• 1,000,000
|>!t,UOU,000
SCBPLLtl,
zeonuir, Admlnutrxor
AatkorlMd to aet
n Ml HIM »e«lT»r. or TnuMO. aad to
(CBARTBR HKRPVrCAU)
CAPITAL
« 1,000,000
ASSETS •15,631,530 63.
Aoeo pU thotruaforacaner wJreKtoUT of Moek*.
KBdMUMTraataoof mortcMW of eorporaUoM.
Allow* IpMrwt oo davo«u. vhieh mar bo mad* u
ad wttbdnvn on •• dST*' noUoa. wtu
w tka wkoto Una thar naala wttk tho
StiSa aoanmaao* of tfapoMon tku aonaar
oMiu eairaat aeeoonU nihloet. la aaiKiraaaM
ilslit, and alloin InMnat
wtU itaralas. to obMk
iraaalMMdallTbalanaaa. Baeh ebaak* paa*
tka Ctaaius Hovaa.
CBTBd MONKV
•
-
w
A LBOAL OBPOSITLUr rORMUNBT
SJSV
U
'
TBDBTm:
(\N DKI'OSIT, retumable nn dowblch Inioretit 19 allowed, and la emjMtiv-
Maad, oroa
arad brlawtoact
8. T.
1.
porformanoa of which lu
faad famlab ample Hcnrltr.
A. A.
A.Jarrta.
wJ.
•
flaBaal
Itt
WISTAR HRowS.
Parkar,
Barvar*
A.
C. Hajra.
aa a l«aal l>epualcor7 br order of Ba-
-*
IIII.I.IIor$lK.Pr«aldent.
rRKDKKIC I). TAI'PBN. Vleo-PraaldaBt.
Bltn-I-l.-t.SaeraUrr.
WaLTKUJ.
Wou£
Wo
C. ElaSaBd.
T
JAMBtl ll.(MILVIB.Saaoad
TIaa-Praa't.
The Brooklyn Trust Co.,
Oor.of Moataaaaaad niatoa »ta.,BnnfclTa. V.T.
TMa aaapaay la aatkoriaad br n i nii l akaftar to
aat
raaal*ar. Uaaaa. «*aii l iaa.aia<ik l iirar«d1tt.
hlratnr
Itaaaaalaaa«aM la tka aala or aaaaaaaMk* of
m
.
«U
Betoros ot Premiums and Ex-
MO OTHER BVSISX88.
The
Boir.jAa.rkaainu
KdwaBO BAWUlcsa.
NKW TORK OnriCB:
BKOAOWAT.
II.
Otaottaad
fe''U%E&
Urn. 4!)
vv
1
I
>
I
-
i(
I
I
I
r.
-'..000,000
-
rued tu act aacoanlaaca
OO.
RBW
n« A
•NM
— OP RliKBTTaBIP
T
lai at Modanua ekarsaa.
Ma c paaiafodan
rthia ftnipai
ftnipaar
ara aaaa pt ad
•Tt- baadi of tbia
I
oTUa rarloaa Malaa
br tka
OASrALTV »BPABTnmi«T.
arrtdania aaaalac daatk or
MMaa laau ad aaaiaat
Injartaa.
MMMfMaabUaa
aa to dataOib talaa, Aa.. ma ba
rST laiaipial
(Malaaa at baad oaea. or uf Caa»aai*a7tneta.
Wh. M. BlOiABiia, Praat. JOB* M. Cbakb. Baa^
Boat J. aiLi.Aa^Aiat Pawn IT.
IilKK<'¥<iK8
W. O. I.nw.
a. a.WUIiama, I>«tI<1 l>..wi.
A. B. Hall.
A. «U Bamea.
II. A. Ilnrlbat.
J.UIIlkar.
J. D.
r.l.T.airB
maa. Babt.B.)llBtorn,
Uaow U. Warraa.
•—•<1 O ootar,
•11
Aau
aa rinanHal A«en!
In
tka aamtlatinc and
Banda Corpora-
)..«1» la
markaUBc of !.ecuriiie«.
tloo. Railroad, yuii<..Uun'<ii«I.Ao
1
oaoamtaaiiio
10 K..nii<.
Kzeealaa orden
't...k..k«.CallaeulDt«f«at
aadMTMaada. Herri >... muner oa dapoatt, alluw.
Aa (ip..raM.' iDTeaUaaau oBbr, will
1^1 Ifaal,
lana Ha Uabaetar* Il.'nd.. .eouiad bf Ua capital aad
firm run:
PHILAOKLPHIA.
A|Ma aa aaaaator, AdaalBlatialor, Aaalaaaa, ata..
^.!1**"*«* ''"I* •< "*n daacriptlua kaowa to
—
fca««
Cbarlaa liennia,
Alax. Mitchell,
8. B.i'hiiLenden.
r.M.Hirharda.
•i.OOO.MO.
f-apllal.
A«I» OlS OIIBrrXfT 9TRBBT,
aafara la froa tkoia of tka
;Pnof Bafaa to laM at IS to l« »ar aaaaai.
-*tBTaalU>ltkoattkar«.
Mka aad otkar TataaSlaa lakaa aaoar
WUXIAM
BHO<'KIR,
Prri-idrnt.
wilAKTiiv liAiiKER. Tioa-Praaldant.
.III. Ttpaaom,
CTIIKI.RKKT WATT8. Aacratarr.
Board of Ii|re.i..r.-wil;iam Brortlr, Oeurm 8.
PoBpcr, w.irt.n «cMi.'ha.i. Wh...
llenrr
COibeon. T. wi.i.r Hmwi Win
HBNRT
M. IIIIYT.
.
AdTlaorr I'i'mmlilru of -tOPkl
moM.
i..thler,
TroalBian. ijuKtaruii Knifli.h, !....»..
W llllam Pepprr. M. I>., Th.imaa l>.iUn. John U.
•
kevi la riia-
—
rMMJTad «D Anrmtl at latarMt.
dTb.
I- a
_.
I>IMOT5>«a.-J^..,,
?¥-L.?*°"C*
LBaadfac Win
»*•'
•ii-
'?;•':
HBADINO. T..Praat.
4 fl*«r«tai7.
K. l.llllnilham.
John Uanamalirr.
Wriaht, llrnr; l.ewU.
Ilanrr fc Cmllh. rharln
rTala*IJpp<'<r<>it,IUmllt.>n Ulaatoa.aartoD rraoob.
FrMDCa Kawie
rnutoCrcr.
.,..,,
AirradM.uiluii.JnMpb
'••^..Tbr-aMa B. P.H.«iJ..bn
a«d«w, k. I>
It. I.u. ... I)
n„«
....id.ir
.
C.
tanl.
airvi.ix.
towaikaa, .¥asTi;Hr..rtf;
Readlnc Joarpb
II.
<uraf*r
.
I
B.MuD-
OMh In
1,508,143 SB
Bank.
238,897 88
Amount
.913,740,326 49
BIZ FEB CENT (NTEBB9T 00 the ontstand
Ing eerUBoates of proBts wUl be paid to the
holdera thereof, or their leoi rcpresentaUvaa,
on and after Tueaday, tho 3d of Febroaiy next.
THE OUTBTANDINO CERTIFICATES of
the Issue of 1881 wUl be redeemed and paid to
the holder* thereof, or their legal representaUtcs, on and after Tueaalay, the 2d of February
nest, fruui which date all latcrest then>ou will
pease. The oeitlfloatas to be produced at the
time of payment and oanoeled.
A DIVIDEND OF FOBTY FEB OEMT
JOSEPH CI LLOTTS
STEEL PENS
PARIS
COLD MEDAL
t:XP03ITION-l87B.
THE MOST PERFECT
OF PENS
i«
declared on the net earned premiums of the
Company, for the year ending Slst Deoember,
1885, for which oertUloatea wlU be Issued on
and after Toaaday, the 4th of May next.
By order of the Board,
H.
J.
CHAPnAN,
Seeretarr.
T W^V S.T B E a
CHKBTNCT STBBBT.
tlO
Co.,
530,000 00
Philadelphia,
!<aaltk,
kafallar.
The Union Trust
1,438,60
Investment Co. ot
-ii-oltla
il'aillad
inrip*.
An«in 1". !4t<>kn. Alfi. E. OtT.
HBKIlT L.THciHNBI.I..««>ra(arr.
LOUIa O. II AXPTON. AMiataat aaaratarr-
«»
Varmllra^
U«n,ILO<«
The
Otherwise
Beat Estate and Claim* due the
Oraipany. estlmatnl at
PrBmlum Motea and Bills Be-
J. B. Palaford.
11* BROAIIWAT,
TOBK
Caah r^aMal. Hao.OOO, inreatad la D. B. Oort Bond*.
ttmjm dap..«ii«d with the If. T. Ina. OapX for
tba prtKenion of Polt«r.kold«n.
Aaaata. Janoarj l.t. ImSC KMAOO 4S.
ttia of BanCa. Kailruwla aba Bzprai
alaa, Maa^wrajta ui atai 'laa.andClarkaof PabUaOoa
ranlii laatliailonaaad CnmBMnUiarau.«aaoklala
Nna.
99,034,685 OO
oelTable
Victor
FIDBUTT * CASOALTT
States Trust Co.
New
Bank and
Loans secured by Stocks and
TOMPKINO. Baeretarr.
DiHtmiiui— Joaapb w. i>r«zal, A. L.
Naveomob Jobn Palon. Danlal
T»waaBa. Bdw *: winalow. Inataa Wlman. F. P.
HoBHaa,
City,
olhar8t4ioka
MO,a00
IMreetor :
b.J.
wTou
Whita.
9776,713 43
Assets, Tls.:
York Stock.
Inaoraoea Dapartiaat
Mil—Hia
pemas.
me OompanT has the following
Dnltcd Butes and State of
OF NORTH AHEEICA.
GMfe Oaaltal
AMMa aad Ra«iareos
wHb
91,915,020 67
period
Cmiiaruntee €o.
RO. Ill
TKl'STHKS
93,770,094 80
1885
Oonds or Surety ship.
DMCirow
Car
Premlama marked oS from l*t
January, 1383, to 31st DeoemUMMes paid durlnc the same
ntAUU.T. UALT.
«« baaiaaw
a aafa aad aaavaolaat dapoMT
trwaamaB
95,196,143 76
I^inanctal (Caxapnnics,
f«al
United
Total Barlne Piemloma
ber,
BONALOSON.
aEkTm.
Ut Janiuiy, 1883, to 31st
Deoember, 1885
93,856,618 66
Premium* on PoUdea not maAed
ofl lat January, 1885
1,339,525 10
D.
Kl.fO. Praatdaal.
M. MrLBAN. flnt Tlaa-Piaal,
oUM
NEW TOBK, Janoary 23, 18B&
TbeTnuteee, In conformity to the Cbartero^
tha Oompany, anbiult Uki following Statement
of Ita ailialr* on the Slit Deoeml^, 1885:
Premlnmaon Marine RUki from
TIIUMAS
KDWARD
r
New York
B.B.Wa>'
Waataf.
C.
JAMBS
St..
Mutual Insurance Co.,
^tlar o>mpajil««.
U. O. WUIUua*.
B. Johiiataa.
.0.
35 Wall
CP CAPITAL, tl, 000,000.
BaealTadap.»iu »t »ea ayoolataraat,
aalMalortranafarveoi, urtraataa forcorBor»
haaiaoaaptasd azecuto anlagal tnata noa
ar eurpomiiona on aa firorabla tarmia aa
KXETUTIVK COMMITnni:
»»1
Whiuvrwht,
Wb.
- laM* M MeLawi.
Tlea-Prealdant.
WIS'.:. vi....pnMtd»nt and Artoarr.
Biilldlni.-.
'
Maauan.
C.
d
MllU
0.0. WiUUaia,
K.O. Baauan.
B JohaMoo.
Laoox Kaaaadr. Goo.
and sorplaa
All trtut fuDdaaod Invest mentaara keptaaparato
aad apart from tha aaaeu i>r tba eompaar.
Tb* Income of paniea resldlnc abroad oarafnllr
•oUaotad uid dalr remitted.
8AM'l. K. ^lllpi.KY.Praaldont.
"PAID
—
!-..».
J.
Stokaa,
aa(>ltal
Metropolitan Trust Co.,
PalrehlM.
C. VaudsrliUt.
laaaa Koriytk,
Oaoria Cabot Ward.
StwaJnlKhw.
irB.Waalar,
H.MeAla(a.
'^^
iB-duSart.
EXKCUTOR. ADMI.MSTKA-
fal
*44
H. rrotAl n«li a M .
U*>m
u
TOB, TRCSTBK. UL'AKDl AN. ASSKJ.VKK. roMMITTBB. KBCKIVBK, Ai; K.ST, ete^ fur the fall t-
AsbnaaC Klmnland.
Janaa H. Ocllna.
ATLANTIC
UIBCHB8 LIVES, 0KA.NT9 ANNLMTIKS. RB-
T.
Jaoiaa M. Mel^aaa,
jrssr
vu
W
H. H. Moore,
Jamea Low,
A. A.
Frederick n. Cossltt,
WUllam Bryoe,
Baren,
Win, Sturgls,
Bei^amln H. Field,
Joalah O. Low,
TbomaaB Ooddlngtoo,
wmiam Degroot,
Boraoe Qray,
WlUlam E. Dodge,
WUllam H. Maoy,
a
A.
I
Adolph Lemoyne,
Bobert B. Mlntum,
Charles H. Manhall,
D. Jones,
Charles Dennis,
J.
Hand,
John Elliott,
Jame* O, De Forest^
Charles
D
I.«verloh,
John L. Kiker,
N. Denton Hmlth,
George BUss,
Henry E. Hawley,
WUllam D, Morgan,
Isaac Bell,
Edward Floyd-Jones.
John D. Hewlett,
WllUam B. Webb,
Anaon W, Hard,
Cbarlaa P. Burdett,
Thomas MalUand.
Edmund W.
Corlles,
JOHN
D,
JONES,
President,
CHABI.E8 DENNIS,
Vloe-Presldent.
W. H. H. UOOBE, 2d Vloe-Pras^
A. A.
BAVEN, 8d
Tloe-P esldent
THE CHRONICLE
Tiii
"gVLSnVKUCt.
%n3uv}xuct.
EQUITABLE
ASSVRAKCE SOCIETY,
The United
K.IFE
BROADWAY, NEW YORK.
120
HENRT
HYDE,
B.
A88KT8. J A NTTART 1st,
UABILITIBS,
IN
Presldeot.
4 per cent Valuation
87
S2,e91,l<18
. .
SURPLUS
IT.
Standard 4I3 per cent
interest, #17,495,329,40.)
^rpZtu ovtr lAabtlitUa^ on every itandard of valuation larger than that 0/ any other Life Aaeurance Company.
N«w A8SPRANCE
»9«,011,878 00
OCTSTANlllNG ASSUKANCS
887,338,846 00
ToUl paid Pollcy-Holders In 1885
7,188,689 05
Paid PoUcy-Uolders since Organliation 88.211,176 63
16,590,08813
Income In 1888
1886
In
mutual^'benefit
LIFE INSURANCE COMPANY,
NEWARK,
Ainzi DODD,
•
•
J.
President.
ar.
-
•
-
Assets (Market Values)
Liabilities (4 per cent Reserve)
gnrplus
Surplus (New York Standard)
$88,615,819
85.857,8a7
2.757,491
5.411,241
82
70
02
50
Pollctea Abaolateljr Non-Forfeltable
After Second Year.
IN CASE OF LAPSE the POllCy Is CONTINUED IN
exchange.
After the third year Policies are incontestable,
except as against intentional fraud and all rettrlc;
tions aa to travel or occupation are
moved.
Cash loans are made to the exte; of 50 per cent
of the reserve value, where valid assist menta of the
Policies can be made as collateral secur.cy.
261, 262
& 263 Broadway, New
BR08NAN,
T. H.
0. P. I'ltAunoH, Seo*!. A.
Losses paid immediately upon completion and approval of proots.
UNION MUTUAL
York.
Its
AU Policies Issued by
this
Company are dtdisput-
ABLI after three
years.
All Death Claims paid without discount as soon
as satisfactory proofs have been received.
This Company Issues all forms of Insurance, in-
cluding Tontine and Limited (Non-Forfeiting) Tontine.
One month's grace allowed In the payment of
Premiums on Tontine Policies, and ten days' grace
others, the Insurance remaining in full force
during the grace.
Absolute security, combined with the largest liberality, assures the popularity and success of this com-
on
to represent the Company, are Invited to address J. S. OAFFNEY, Snperntendent of Agencies, at Home OfBce.
Phenix Insurance Co.
OF BROOKLYN,
195 Broadway, New York City
BUittment of Company l$t Day of Jan., 1886
CASH CAPITAL
$1,000,000 06
Reserve for unearned premloma
Reserve for unpaid losses
Netsorplus
INSURANCE COMPANY
& 158 BROADWAY, NEW YORK.
HENRY STOKES, President.
while
it
GEO. H. FISKE,
FRANCIS
P.
North
Ket Sarplus
A
81
DANA
B.
&.
CO
WILLIAM HTRKKT, NBW YORK
&
Wisner,
NEW YORK,
COMMISSION MERCHANTS,
Cotton, Coffee and Produce Ezch's
99,260,096
6fi
THE HAXALL CRENSHAW
CO.,
KICHMOND, VA.
Standard Brands of Flour for Shipment to
Climates always on hand.
Warm
ORIENT GUANO MANUFACT'G
CO.,
ORIENT,
L,. I.
Standard Superphosphates.
SULPHUR MINES COMPANY
OF TIKGINIA.
High Grade Pyrites free from Arsenic
ESTABLISHED
1,
1880.
(1,199,»17 42
150,887 77
86.160 89
.^,015,583 IS
S. In 19
years ..8;16,'.2-.J0,13S
OHAB. E. WHITE, SAM.
.
P.
03
St., N. Y
BLAGDES,
Managers.
DUPLEY, Deputy
Mannser.
Littell's Living Agk.
Assurance
Co.,limited,
of london.
Pirn
<fc
WiMiam 8U., New
THE
I^IVING
STATIONER AND PRINTER.
Supplies Banks. Bankers, Stock Brokers and Corpo.
rations with complete outfits of Account Books and
Stationery
^
^,
New concerns organiilnK will hare their ordera
promptly executed.
tW
Mo.
Fork.
,
1
WILLIAM STREET,
(HANOVER SODA RIO
givea fltty-two numbers of
sixty-four paffes each, or more
It
than
THREE AND A QUARTER
THOUSAND
dnuble-colunin octavo pages of
readinK matter yearly. It presents in an inexpensive form,
considering its great amount of
matter, with freshness, owlnji to Its weekly issue,
and with u completeness nowhere else attempted.
The best iOssays, Keviews. Crit.cisms. Serial an
Short Stories, Sketches ot Travel and Discovery. Poetry, Scientiflc, Bioirraphlcal,
Historical and Political Intommtion,
from the entire body of Koreiitn
ppriodical Llleruture.
It Is therefore invaluable to every American reader.
as the only satisfactorily fresh and COMPLETE
compilation of an indispensable current literature—
indispttisabie because it embraces the productions of
the
William
W.
Porter,
Attorney and Counsellor at iMvt
No. 623 WALNUT STREET,
Ftatladelptala, Pa.
Corporation, Transportation and Commercial
Law.
Rkfkrkncks:— The Trust Companies, The Natlona
Banks and Railroad Companies In Philadelphia, and
)heJudffesof any of the Courts.
SECURE BANK VAULTS.
ABLEST LIVING WRIJERS
tn all
branches of Literature, Science, Politics and
Art.
to sav that with The Living
the wh"le Held of current literary activity; and it has never been so briKht, so comprehensive, 80 diversified in interest aa it is to-day."
—IPiston 'PravelUr.
" It enables it« readers to keep fully abreast of the
be-tt thouKht and literature of civiiiziition."— C/»*i«tUm Advocntf, PitUburgh.
" BioKraphy, Action, science, criticism, history,
poetry, travels, whatever men are Interested In, all
are found here."— Tfte Watchman^ Boston.
**
Commercial Union
1868.
Eugrene K. Cole;,
Co
13,421,870 78
Offlu, Cor.
75
71 IVALI. ST.,
A WEEKl-V MAGAZINE,
BRAMCH Office, 54 William
JAS. F.
$1 00
•
pllsjCjellawcottB.
cess.
$3,421,870 76
. . .
8.
2,057,776 24
3,202,320 41
Jent«ra upon its fortythird year, havlafr met with continuous commendation and suc-
AND EDINBURGH.
LIABILITIES.;
Rsserre for Unearned Premiums.
Reserve for Unpaid Losses
Other Liabilities
U.
WILLIAin
No. 3 Cortlandt St., New York
JAS. A. AI.EXANDER, Asent.
British
Branch Statement Jan.
U.
-
agency of
UabiUties for unpaid losses
and re-insurance fund
Net Surplus
TN 1886
Invested and Cash Fire AsseU
In
Red Leather Corers,
Price in
To Subscribers of the Chronicle,
Member! of the
$4,000,000 00
OF
Losses paid
far as reported
comparison with 1885.
Crenshaw
OF HARTFORD.
Capital
1860.
Mercantile Ins.
S.
in 1886, in
Assistant Secretary.
Seo'y Looal Dep't.
AGK
U.
prior to July in 1886.
Railroad Earnings.—
Gross and Net Earnings so
BURSE,
Insurance Compan)
July In 1886;
DiTidenda.—
Dividends on Railroad Stocks paid In
six years, 1880 to 1885, inclusive, and
79
iETNA
to
avoids the expense attending the
ESTABLISHED IN
liONDOBi
1877 to 1885, inclusive, and
President.
WM. R. CROWKLL. Vice-President.
PHILANDER SHAW, Secretary.
Assets Jan. 1,1886
atter by the ordinary method. An improvement has
also been added to this new form of pnlicy within
the year, which pives the assured the option at the
end of the period of taking the endowment in cash
or of continuing the insurance for a much larger
amount without any further payment of premium,
independent of the condition of health at the time.
&
S.845.048 84
844,473 63
714,167 42
STEPHEN CROW^ELL,
Is
From Philadelphia Inquirer, Jan. 80. 1884.
The new plan of the Manhattan Life Insurance
Company continues to meet the popular favor. It
combines the protective feature of life Insurance
with the investment feature of the endowment
{>ollcy,
Yearly Range of Active Stocks—Date of
highest aud lowest prices mads In the years
Office,
1849.
MANHATTAN
tor the
Ten Year Range of Prices—
GOOD AGENTS, desiring
Agents for circulars
strong, reliable and popular ; and
Issues a variety of pollcles;isuited to the different
drcamstances of Insurers.
1.56
Philadelphia and Baltimore,
year 1885, and to July in 1886.
pany.
explaining
L.IFE
years past aud Fixed Cua£0E8.
Highest and Lowest Prices, Monthljr.—
United States Secckities and Railroad
Bonds and Stocks ln New York, Boston,
all
Tbe
The Company
Railroad Secnrities.—
A DK8CRIPTION OF 8TOCK8 AND BOiTDS, AKD
A Statement of tub Income for four
$4,910,483 36
JHalne Non-Forfeltnre I^atr.
LOSSBS PAID PROMPTLY AND WITHOUT
DISCOUNT.
1886.
CONTENTS.
All the profits belong to the Policy-holders ezolo-
PORTLAND, MAINE.
DE WITT, President.
ORGANIZED
Securities.
JULY,
WHiBLWiuoaT, Ant Sec.
•ively.
jrOHN E.
Write to the Company or
Railroad
0X0. H. BtTBTORD, Actuary.
Company
Life Insurance
OF
President.
i
:
HA.TVI>.BOOIi:
1860.)
FORCE
as long as Its value will pay for; or. If preferred, a Paid-up policy for Its full value is issued in
NO^¥ READY.
States Life
(OROANIZKD IN
tlS,86«,289 13
(Snrplas on N.
ttlrlicatiaus
Insurance Co.
THE CITir OF NEW YORK.
»«6.56S,387 GO
1886
(Vou XUIL
It is
not too
much
Age one commnnds
LITTBLIj & CO., Boston.
WELDED CHltOME STEEL AND IRON
In
Bound and
Flat Bars, and
FOB
ft
and Angles
Ac.
and practically
ply Plates
SAFES, VAL'Lra,
Cannot be Sawed, Cut or
Drilled,
BurKlar-Pi-<K>f.
CHROME STEEL WORKS,
Clrcnlars Free.
BROOKLYN,
N. Y.
Skftkmbeb n.
THE CHRONICLE.
1880.]
^Uatuships.
IX
C^0ttOtl.
CDottotu
ONLY
Direct Line to France.
6ENEBAL TRA^ATLANTIC CO.
B«tWMn NEW YOHK and HAVBB.
FTCa Ptw (iMW) 4a.XaMk BiT«r, root of Uartoa M.
TnTClanbi Ui«llaa»«aM bothlniutt ky BaBUik
nUw>7 and tli* dlMOBfa*t« of enmtaa the CtaaaiMl
Id mAll boAt.
,
Bat.. 8a*t.U. 4A.lt.
LA cilAMPAG.VB.Tnab
LA .VOKMA.MilB,d«K<naMM....8«pt.l8,8A.lt.
STBEKT,
NEW YORK.
Cutton Comml^glon Merchants,
PETROL.EUH, STOCKS,
CettoD Excbance BnlldlnK, NewVork.
COTTO:V, ORAI]V,
LA OASCOOMB. SuMU
TtS, oS. •. 8 A. M.
La BoafsoBMCaawXOot. ft taCfeaapaaDa (aaw).
KomaodM, Oiet.
PBWB or PASaASi (UMlodiac w1b«):-T0 Hanaam- pi laJiii^ vlD*. boddlnc and nUBdU. Ba-
Bpaalal
PROVISIONS, COFFEE.
aWaaUon (iTcn to tbe porehaaa and tale of
a Naw Tock and LWarpool.
BOTTOM
wttboat azamlaatloB atuaTia, provMad
bavatbaiama dailTarad at Iba CoiDpaDr**
Ho« Tork. Ptar«t Nortb RlTar. foot o( Moctoa It.
at laaat two boon bafoia tba d*v«rt wa of a ctaaaar.
LOO»
•
BKBlA!<r, AcaaC,
Na. 3 Bawllns Oraam.
l£.X('IIAN«iF,
Co.,
NUKFULK. VA.
Naw
Yurk, Cbloaco and
Mohr, Hanemann& Co.,
Ut-
crpooL
J.
19 aoath William
COTTON BXCHANOE
&
C. Graham
St. ft
Co.,
New
&
OF
MnX&
•[* Maw Tark.
B17TEB8 FOR AMERICAN
in,
mantcoaiarr
&
R. Macready
Co.,
OOTTOM
CAKTAa. rSLTIII« DCCK. CAB
OOTKKINO. BAOeUia, BATBira OCCK.BAIL
TWINH, *r^ -OltTAUO-
COMMISSION MERCHANTS,
BXCHANOB
COTTON
Ordan
CILDINO,
Price,
Qrain and Patmlaaia Boocbt and
wm^ aa« Oalccc alwayc
Na. 10*
»«•• Blraat.
CO.
la
WARREX, JOWBS * ORATB
'
IMFOBTMM* or
ROM COTTON TIBS.
Bliss, Fabyan &Co.,
New
York, IkMton, PhlUdelpkU,
BLLUni AOBHT* rOB LBAbINU BBAITD*
Ba«WII * MLKACHB* BHIBTIKOS
nmm.
AivD
la
Henry Hentz
nmrtnoB,
dbhima. tickb. dcoci, m,
Tawcla,Qallta,Wlilta
Cooda* Haatary
Espt^
DriiU, tihttlimgw, dr, fur
Trmdt,
tfottoti.
Alexander
&
tba railou
Bpaolal attaa UoB ftrao to tba caM of cotton to arriraor In
Jitraaaltforbotbfr
traaalt for botb foralcn or domaatlo markala.
Corraapoodanca aolMtad.
• Baatk wniUni St., ITew York.
BXBCUTB OKDRRa ruH rUTL'RB OBLIVBKT
COTT
G.
Schroeder
OM
NBW TORK. LIVERPOOL AMD NBW OIU
LBAMtCOTToN UCMA.NOBB. Alcoocdanfor
COFFEE
BXCBA.NOB,
NBW TORK CorrBB
Co.,
CottoB Exchange BnlldlBy,
NBW YOBK.
and
ORAIN AND PROTISIONS
atlba.HBW York I' HoUL'CB KXCHANUB and
IbaCUICAUO BOARD or TRADB.
Ja?Ua MaLaaa. Nov Orteaaa.
COMMIS.SION MERCHANTS,
1* Watar Streat, LIVEBPOOL,
.
f
Lkbmax, Draa a Co
Montxoniarr, Ala.
BABCOCK&CO.
B. F.
ruBHispuNDSjtra:
MaiHnL SaUlb. Bdvard* A Co.. CMtoo Brokara,
LasMAX, Bnaji a Co..
Naw Oriaana, La.
&
WABB A BOBRORDBR.
COTTON 00MMI88I0N MBRCHANTB,
Baaeaoaon to
attba
at tba
Co.,
Baaatva aooalynaiania of Cotton and other Prodnoa.
at the Bioban#aa In LlrarpooL
Baaraeentad In Naw Turk at tba oOoa of
HAll-L U. BABCOCK
8a Naaaaa Btraat, Naw Tork.
and azaonta urdara
LEHMAN BRO'S, Walter & Fatman,
Cotton Fa-gtors
cottom rroker8,
EJCCUANUB PXJICB.
or THM OOTTOH, OOrTMM
ta
BBAVBB STRBBT, NBW YOBK.
Ho. 40
&
I.
u aaaac
NBW YOBK
COTTON BXCHANOB,
A.'<l>
AND
omn, Nu. so* caoaca emnr,
Naw Yark.
MMMBMMS
PMODUOM EZOHAMOMB.
nr^rowN
Order* azacated at the roiton
b
Dennis Perkins
lis Paari ttra«t.
v,t.
&
Co.,
Ordan
for Spot Cotton
Geo. Copeland
&
Co.
rOTTON BROKERS.
NBW YOBK.
New York.
and rataraa proBptJ;
F. Hoffmann,
ST.,
NBW YOBK.
coT''ro>f.
AdraDoaa Bide on Conctcameotj of Cotton. Oontraata for Patnra Daltrary of Cotton bouabt and aold
an commlMloo.
JOHN
L.
UZKKr
BVLLARD.
&
U. WBS«I.SIt.
Wheeler,
COTTON COMMISSION MERCHANTS
NBW YORK.
ALSO
FELLOWES, JOHNSON * TILESTON,
COTTOM, 8T04:KS, BONDS, Ac,
»
Ordan In
COTTON BROKER AND AGENT,
3t »9U BB LA BOCBSK, HATBB.
PBABL
141
Bullard
COTTON BROREBB,
& Cq
Henry M. Taber
In Na'
York and Llv«rvo«>l, and adrancaa
on Cotton
and otbar arudoc* c«n«i«n«d to na, or to oar eorrai
Urarpool: Maura. L. Boa cabala A
poadanu
In
Co.:
Looaoa.
faaa aaa A. Blam a
ifaaara. g.
Ncwicaa A Co.
azaentad.
PBJBI. STBKBT,
&
Uboral adranoac aiada on OotiM conalsnmanta.
A.VD
liaou A Co. eaaatactoa ManCaata, Ha*
Baarr
*" n:
WiuiMB B. nuaACo..PTO*rtatofiCo«Mni
ClALAr
a rijiAiictALCno>TCxa,aad otkarHaa Tor
134
Reid
A Commission Merchants
NOBBOLK, TA.
Cotton Broken
Co.,
OOnmSSION nEBCHANTB,
Cargill,
COTTON BROKERS,
AVOtrsTA, GEORGIA.
ktlia att aat loa ilTaajp pafakaaa of P0TTO»
TO OBDBm far willtBM aMiSpoBTna/
la rtBwn at^mmtnml Baak af Aanda, Oa
:«OBroLK,
Cblcaco.
COMMISSION MERCHANTS,
LOUIS. Mb.
Manofaaiai an ttanu foe tba lala of Jsta Baalit
eamad on Maittn, oa
Da* Tork CUr.
far Oaab, or
M0«
BAGGING.
ST.
•aM
NEW TORK.
Llvarpool : alao for Oraln and Pro
Naw York and
to
NXW TORK.
mura.
VNITBS VTATBB VlfTINe
ST..
for fatora dallrarr of Cotton azaentad la
Naw Tork and
nnona
WtmBM
PEARL
No. laS
kladc of
Aoa. -AwmHo
Bloss,
COMMISSION MERCHANTS,
m
COTTON SAILDUCK
A tan ca»Hy. all
ORDERS rOB FUTURE OOMTRAOn.
Gwathmey &
Co.,
AadaU
York.
SrsciAL ATTBirnoB OnrBN to tbb Bxioctiob
COTTOIV.
Brinckerhoft, Turner
BI7II.DINO,
51 Stone St.,
NKW YOBK.
^iBcellatuons.
Maaafaaianc* and Daaian
LOUIS,
and
Hiacka and Priroleaai.
In
ST.
NEW ORLEANS.
SBW YORK,
COTTOH. UKAIN, PKOVIi«ION8.
Ordan exacuted
CHICAGO,
UYERPOOL, HATRE AND
COMMISSIOS MERCHANTS.
facial TralB tromm BaTra to Parla.
Tba OoBfacBla Oy»]> TraaaaUaaUaaa dallTan
HtUofiaala Nav tack cMctal trala tZakau fRMa
BaTTa to Paita. najiagc iliiiall thrash to PaiU
NEW TORK,
&
Rountree
tam tiekata at T«rr ladaead Btaa. Cbaekioa Baaaaa
Tmuatlaatlqaa.
4a aaooautosalu
HaTia and IPadftji
na. BaTia
ORDERS EXECUTED IN
rUTL'RB CONTRACTS
A
Co.,
iriltLIAIH
1
ft
Oct. 18t Lft
&
Williams, Black
Robert Tannahill & Co
WILLIAM SIREBT, NBW YORK.
" ratnrea" ezacatad at N. Y. Cotton
WALI>RO.\
A,
Bich
TAIXTER,
BAGGING AND IBON TIES,
(FOR BALINO COTTON).
Adrannac made on Cotton Conalanmanta and
dgpeoli
Bpaolal
Altantloo (iTan to pnrobaaa and ai
UTURl
CONTRACTS OF COTTON.
JOHN
H. CLISRY
* CO,
COTTON nrYKRP,
COTTON MERCHANTS,
COTTON KXCHANfiK BIIILDINO.
mONTGOniBBY, ALA.
BPBCIAL ATTBNTIOH TO COTTON KUTURBB
Pl'BCHASI CNLT ON OUUIBa FOB A CUMMUMON.
THE CHRONICLE.
XNO.
member
O.
I,ATHAin,
[September
H. B. ALEXANDER,
Jr.,
member
N. T. Cotton Exataans*.
N. T. Stock Kxcbance.
member
11, 1886.
R. P. SALTER,
N. \. Cotton Exchange.
LATHAM,ALEXANDER&CO.
B
ANKEKS
AND
COTTON COMMISSION MEKCHANTS,
Nos. 16 and 18
ISTe-^^T^
WALL STREET,
l^ox^lsz.
CONDUCT A GENERAL BANKING BUSINESS.
Accounts
of Banks,
Bankers,
Merchants
Individuals received on favorable terms,
allow^ed
and
on Daily Balances, subject to Check
and
Interest
at Sight.
Contracts for Cotton for Future Delivery Bought and Sold on
Commission.
@FedFRASER