The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
T
HUNT’S
MERCHANTS’
§1
REPRESENTING THE
W 0 pH p C *,
INDUSTRIAL AND
VOL. 37.
MAGAZINE,
COMMERCIAL INTERESTS
OP
THE
UNITED
SATURDAY, SEPTEMBER 22, 1883.
circulation has
reached
ST AT] S.
NO. 952.
32
millions, an increase
$G60,000 since last August, and that all the specie
held at home against these notes and against nearly 100millions of deposits, is $6,470,593, against $7,621,363 the
same month of 1882.
It is to be added, however, that
CONTENT8.
now
over
of
THE
The Financial Situation
CHRONICLE.
305 European
Complications
310
Monetary
and
Commercial
English News
311
Railroad
and
the
Reports
Grand Central Conference
307
St. Paul Minneapolis A Mani¬
toba Railroad
3C9
..
Commercial and Miscellaneous
News
THE BANKERS’
Money Market, Foreign Ex¬
change, U.S. Securities, State
Quotationsof StocksandBonds 31G
Railroad Earnings and Bank
and
Railroad Bonds
and
Stocks
311
R mge in Prices at the N. Y.
Stock Exchange
315
THE
Commercial Epitome
Cotton
313
GAZETTE.
Returns
and Corporation Finances..
|
Commercial
and
New
Chronicle is
Saturday morning.
[Entered at the Post Oitice, New York, N. Y.,
TERMS OF
as
SUBSCRIPTiON-PAYABLE
IN
ADVANCE:
For’One Year (including postage
.
$10 20.
For Six Months
do
6 10.
Annual subscription in London (including postage)
JE2 7s.
8ix mos.
do
do
do
1 8s.
Subscriptions will be continued until ordered stopped by a written
order, or at the publication office. The Publishers cannot be responsible
for Remittances unless made by Drafts or Post-Ollice Money Orders.
Liverpool Office.
The office of the Chronicle m Liverpool is at No. 5 Brown’s Build¬
ings. where subscriptions and advertisements will be taken at the
regular rates, and single copies of the paper supplied at Is. each.
A neat file cover is furnished at 50 cents:
postage on the same is 18
Volumes bound for subscribers at $1 00.
WILLIAM B. DANA Sc 00.. Publishers,
WILLIAM B. DANA
JOHN G. FLOYD
THE
79 &
81 William
Street, NEW YORK.
Post Office Box 958.
FINANCIAL
SITUATION.
.
In the absence of any
the general situation, the
important change this week in
failure of the Exchange Bank of
Montreal has been lifted into some sort of prominence. It
was.claimed at one time, that it might lead to other bank
failures there and to the failure also, of prominent Mon¬
treal stock speculators. Though all this might
happen with¬
out disturbing our financial
machinery materially, money
being so very easy here, yet we are in so many ways con¬
nected with Canadian financial interests, that we could not
escape being harmed by any serious trouble there.
Still, from the best information we can gather, it
does
not
seem
need
for
present
that
there
'
has
'been
the
least
anxiety.
The failure of- the
Exchange Bank is said to have been brought about
by the Shaw suspension in Boston, the Bank having
made advances on tannery property.
The institution has
long been known to be extended, and thus in a condition
to he hurt
by slight adversities. We do not notice any¬
thing in the first of August Canadian Bank returns which
shows special weakness.
As compared with a year ago,
while the loans to corporations have increased 2 millions,
those made
over 4J-
on
stocks and bonds
seem
to
m-
141^ millions.
It
appears
over
16 millions due
“
(Government currency)
by the banks at both periods, and that there
from
banks
in
Great
was
Britain and
other
over
half of the
have
decreased
1
increase of
strength rather than the contrary
during the year, and affords no warrant for rumors of
special weakness which have been more or less current
during the week.
With the exception of this unimportant incident there
an
has been
no
fact
or
event which has
given
any encourage¬
ment to the
grumblers during the past week. There can
commercially the situation is improving
daily.. All crops are now assured except cotton, and even
cotton promises to be abundant.
Had we raised 7 million
bales as last year, prices would have dragged all through
the season.
Ivlow, although there is no ground for
speculative movements in the staple, the producer closes
the year well, having probably made this crop on lessborrowed capital than any before, and having also secured
a fair
supply of food products. This explains the activity
of the demand in the goods market from Southern buyers,
while from all over the West nearly every branch of trade
is reported to be improving, which in turn is stimulating
business at the chief distributing centres.
Merchants and
capitalists are, however, pursuing a very conservative
course, and are likely to do so at least until they are better
assured that abundant crops have really postponed the
dangers threatening our currency arrangements through
silver coinage.
If Congress would only suspend the
manufacture of these dollars, complete confidence would
at once return, capital become
venturesome again, and
the experiences of 1880 be repeated.
A special feature of the week’s business has been the
call issued by the Treasury Department for 15 millions of
the 3 per cents.
This was however anticipated, as the
figures of Government surplus we gave the first of the
month showed that it could not long be deferred.
It will
be remembered that on the first of September the
be
no
doubt that
balance
so
held
after
was
155A
‘
millions,
and
that
was
paying and marking off the 11 millions of bonds
the previous call, and in addition to 33
being in both
that the bank note millions to the credit of disbursing officers’ accounts. A
millions, the u current discounts”
years about
held
shows
second-class mail matter.]
*■
oents.
were
foreign countries” (presumably specie assets), while
deposits are 'set down as “ deposits on
328
notice,” as distinguished from “demand deposits,” the
demand deposits having decreased 7 \ millions
during the
year. Such a statement, though not a strong one according
published in to the standard of banking our national system imposes,,
Dry Goods
Financial
York every
318
327
%\xt Chronicle.
The
11 millions of Dominion notes
317
Investments, and State, City
COMMERCIAL TIMES.
322 I Breadstutts
322
over
redeemed under
_
THE CHRONICLE.
306
[Vol. XXXTII.
lative bills was somewhat discouraged by the fact that
at the same date the surplus was 139£ millions,
and disbursing officers’ balances 27 millions, or a differ¬ money was relatively higher in London than here, it is
probable that some
were
made in the belief
ence of 22 millions in favor of this year.
could be # covered at a profit.
These
they
This large surplus has probably led Mr. Folger that
now
are
maturing,
and
as
the outlook
to name
December 1 as the date of' redemption, bills
thus
giving less than the ninety days’
notice does not seerm to favor a renewal, they are
which has heretofore been given in these calls.
It being taken up. A further demand for sterling is for
is
also stated on the authority of Treasury officials remittances for securities, mainly called bonds, and then
that the present outlook as to the year's income indicates of course there is always more or less of a demand to
All these requirements coming together at
that not less than 45 millions more bonds will be called settle credits.
a time when the offerings are lighter
than usual at this
during the current fiscal year, making a total for the
twelve months of 92 millions.
It would hardly be safe at season, impart a firm tone to the market. Bankers look
for a decline in rates as soon as there is a more liberal
present to accept this as, the limit, although imports and
therefore customs duties are small; but we showed early movement of cotton, even if there should not be large
year ago
.
that actual appropriations were very largely
reduced, and a late dispatch from Washington states that
the pension appropriation would not be used up to within
40 millions.
If this latter statement proves correct, the
previous estimate will evidently turn out insufficient, unless
the new Congress makes tax reductions and puts the laws
into operation before the new year begins.
The effect of the announcement of the Government’s
bond call was to stimulate the demand for the 4s, 44s and
The mar¬
currency Gs, and to reduce the price of the 3s.
ket is very bare of the long-date issues, and any urgency
in the inquiry naturally advances the price.
Some specu¬
lators, believing that the circumstances seemed to justify
even
higher prices for the 4s and i^s than those
now
ruling, are understood to have purchased as
in the year
amounts as
they could obtain, and this
gave color to the report that the buying was for Lon¬
don.
A moment's reflection, however, will show that
large
capitalists there are not likely to invest in a bond the price
small fraction more of interest
of which affords them but a
yielded by the British Consols. Probably one
speculation in these bonds, even at current
high prices, is the possible action of Congress in relieving
bank circulation of the existing tax.
This question will be
one of the most important which
will early press itself
It is
upon the attention of our legislators at Washington.
certain that there is no profit to the banks now in this privi¬
lege of issuing notes. By remitting the tax, the situation
"would be relieved to that extent,.except of course so far
as the price of the bonds should further appreciate under
than is
inducement for
the additional demandThe movement
of
.
-
gold from Europe is making slow
the foreign exchange market continuing dull but
firm.
As we indicated last week, the tendency of ex¬
change has been upward, one of the leading drawers
having in fact advanced the rates, but the movement was
not general.
The reasons assigned for the firmer tone
have been the same as heretofore, a dearth of commercial
bills and a little better demand.
Our records show that
cotton for so early in the season is moving freely, the
exports being nearly double what they were at this time
a year ago, also that there is a fair amount of breadstuffs
going forward, although the exports are much lighter
than they should be considering the abundant crops.
Still, commercial bills are scarce. Inquiry as to the
character of the demand reveals the fact that it comes chiefly
from bankers, and it is suggested that it is mainly for the
purpose of covering bills drawn sixty or more days ago in
the expectation of more liberal exports of breadstulfs and
other staples than we are now having.
Early in July
sterling was heavy, chiefly by reason of large shipments of
breadstulfs and provisions started by the collapse in the
speculation at Chicago during the latter part of June. The
indications then pointed to an urgency in the European
demand for grain, and although the drawing of specuprogress,
exports of breadstulfs
and other food staples.
Reports
that there are heavy shipments of
London and Amsterdam, but beyond specu¬
continue to be made
securities to
operations between this and the London market, the
adjustment of which goes over until the fortnightly settlement day, there is very little evidence to confirm the
above reports.
If securities are going out in such liberal
amounts, there should be a correspondingly large sum of
sterling upon the market, but no such supply is manifest.
In Stock Exchange circles the event of the week has
been the attack on the Villard properties, Northern Pacific
preferred and common, and Oregon Trans-Continental.
The attack ^was well-planned, executed with considerable
dash and vigor, and apparently attended with a fair
measure of success.
It does not appear that any new
facts of an unpleasant nature have been developed with
respect to these companies, but traders seem to regard the
properties as decidedly vulnerable and lose no opportunity
As bearing upon the actual condition of
to raid them.
the properties, however, two events of the week deserve
One is the declaration of the regular quarterly
mention.
dividend of
per cent on Oregon Trans-Continental, and
the other the publication of the Northern Pacific’s annual
report for the fiscal year ended June 30. The declaration
of the Oregon dividend did not exercise any beneficial
effect; and as to the Northern Pacific report, pretty diverse
views prevail.
Some regard the exhibit as favorable,
lative
others unfavorable.
give copious extracts from it in our investment
gross earnings for the year, it appears,
reached $7,855,459, of-which $1,523.112,was derived
from construction material carried at about actual cost,
We
column. " The
above operating expenses'and rental?, aggre¬
gated $2,5IS,529. Out of this latter amount interest and
one or two sundry items were
paid, leaving a balance of
net income for the year of §1,149,583, equivalent to ^bout
and the net,
cent on the $41,749,404 preferred stock outstand¬
ing. Of course, the Northern Pacific being a new line,
only just opened its entire length, the figures for the past
year on the incomplete portion of it offer but little
guide to .the business of future years. Officials of the
company, however, take a very hopeful view of the out¬
look, and estimate that the gross earnings for the current
year will reach about $15,000,000, and this it is expected
will yield about $0,000,000 net.
The proportion here
assumed for operating expenses—GO per cent—does not
appear too low, considering that so large an amount of
gross earnings in the past year represents construction
material carried at bare cost.
More objection will pro¬
bably be made to the estimate of gross business—calling,
if we allow for construction material, for over 100
cent gain in receipts—but as to this, there
per
can
be
nothing but conjecture. This is a country
of
marvelous
growth, -and if our
industries
2J
per
should suffer
no
serious re1 apse,
the company’s receipts
£$*4 A
Thus
must increase.
THE
1863. j
September U2%
CHRONICLE.
far in the current year—namely
July 1 to September 14—earnings are §526,317,
about 30 per cent, in excess of the same period of last
Sept. 17.
from
or
year,
which offers much encouragement for the future,
307
Sept. 18.
Lond'n N.T.
Lond'n
Sept. 19.
N.Y.
Lond'n N.Y.
Sept. 20.
Lond'n
N.Y.
Sept. 21.
Lond'n N.Y.
prices* prices. prices.* prices. prices.* prices. prices.* prices. prices.* prices.
U.S.4s,C. ilS-45*
U.S.4%s. 112-50
ffirie
31-95
119% 118-58 % 119% 118-94t 119% 119-OOt
11256 112-02 112% 112-98 112% 112-98
3207
3210 .32 H
31-74
31%
32%
95 25
95-85
95
95'35
94%
94%
129% 130-00 129% 130-02 129% 129-89
115% 110-88 uo% 117-97 117% 110-51
52
20 021
51% 20-ll-t
52% 25-901
23
2290
23
22-74
23-22
22%
100
100-19 106%
100-42 100% 100 05
120
118-954
120
113
112-98
113
31-02
31%
31%
through line from end to end.
2d
95"25
95-35
05
94%
But it must be recognized that in addition to this un¬ lll.Cent. 130-00
129% 130-13
129%
N. Y. C.. 11015
115% 110-70
110%
certainty as to just what the company will earn, there is Reading 25'87-f
25'7S+
51%
51%
Ont.W’n
23-20
2274
22%
22%
also some uncertainty as to the extent of the annual
St. Paul. 100-19
105% 106-17
100%
charges. The company’s own funded debt amounts to Exch’ge,
4*80
4-80
4"S0%
4-80%
4-P0%
$45,891,200, besides which it has $4,640,S21 dividend cables.
Expressed in their New York equivalent,
scrip out, together $50,532,021, calling at 6 per cent for
t Reading on basis of $50, par value.
I Ex-interest.
an annual payment of $3,031,921.
But the road is still in
The Bank of England reports a gain of £96,000 bullion
need of money. . Pretty nearly eight millions remain to be
for the week, but as £149,000 came in from abroad,
provided to cover the cost of present construction. Then
For the
it is not easy to tell just what yearly draft, if anything, £53,000 must have gone to the interior.
such companies as the St. Paul & Northern Pacific and purpose of reference we present the following table,
the Northern Pacific Terminal may make upon the road’s showing this movement in and out of the Bank of
net earnings.
So out of these uncertainties the Stock Ex¬ England for a series of weeks.
;
|
change public find their opportunity.
Domestic Sources.
Foreign Sources.
Besides the attack on the Villard stocks, which on
Week ended
'fatal.
Receipts Shipm'ts Receipts Shipm'ts j
to.
to.
\
from.
|
from.
j
Thursday seemed to have strong support, other properties
jg
jj»
j
£
&
were attacked on that day, until in the afternoon there
August
353,000
j 136,000 ! 489,000
was
a
-81,000
-90,000 ; 215,000
general demoralization, the market breaking
09.000
i 327,000
+ 396,000
162.000 !
|
81,000
+243,000
severely, but mainly in the Pacific stocks and in the Gould
-; 395,000
| 343,000
52,000
160,COO ! 273,000
+ 107,000
specialties. This was followed by as rapid a recovery, September
106,000 ! 216,000
now
that there is
a
con.
*
,
i
—
.
+ 140,000
and in the final hour of business the market
53,000 ' 149.000
+ 96,000
strong.
Yesterday, however, there was further weakness in the
The Bank of France reports a loss of 2,425,000 francs
Villard stocks, in which Union Pacific, Louisville & Nash¬
gold and a gain of 925,000 trancs silver for the week, and
ville and Lake Shore shared, and the tone was irregular the Bank of
Germany since the last return shows a decrease
-and unsettled all
There is
was
day, with the close at the lowest figures.
change in the
money market.
The supply
on call continues abundant at from 2 to
2£ per cent, and
there is very little inquiry for time loans.
The domestic
no
exchanges at interior points indicate that there is a good
supply at many of the Western centres and no urgency in
the demand upon New York, although there seems to be
a heavy movement of funds to
Philadelphia and other near
by points. Reports fromWashington on Thursday were that
the redemption of bonds of the 121st call for the week
amounted to $3,500,000.
The following statement, made
from returns collected by us, exhibits the week’s re
ceipts and shipments from and to the interior of gold and
currency by the New York banks.
up
by
;
N.Y. Banks,
j
Received
Week, Ending Sept. 21, 1SS3.
Currency
Total gold and legal tenders
*
a
1
27.0J0
500,000 of this
was
$091,000
Loss.
Loss.
939,000
i
$2,497,000
1
at the
The following indicates the amount
principal European banks this week and
corresponding date last year.
S
Bank of
Bank of
Gold.
Silver.
£
£
Germany
Total tliis week
Total previous week
currency
from the interior.
In addition to that movement the banks
Silver.
*
£
Assay Office paid out through the Sub-Treasury
$137,077 for domestic and $213,000 for foreign bullion
during the week, and the Assistant Treasurer received
the following from the Custom House.
j
Date.
Consisting of—
Duties.
0
T
\
Sept. 14...
changes in the bank hold¬
caused by this movement to and
!
Gold.
The
Loss.? 1,800,000
The above shows the actual
Sept. 21, 18S2.
70,540,178 63,176,792 68,432,164 65,817,145
70.618.483 63,371,694 68,267,440 65,488,276
912,000
deposit of gold in the Sub-Treasury.
pt. 20, 1883.
24,218,454
21,737,985
38,987,924 41,175.592 ;39,968,679 45,640,645
7,333,800 22,0(51,200
6,725,500 20,176,500
England
Bank of France
$894,000
transferee;! in the shape of silver certificates by
ings of gold and
6,181,000 marks.
of bullion in the
Movement.
! *$1,558,000
$00-1,000
Gold
Net Interior
Shippedby
N.Y. Banks.
of
“
15...
“
17...
“
IS...
“
19...
((
iU)
$626,095 39;
314,077 26.
561,077 88,
816,776 31
674,315 88.
407,6 ±0 60
$25,000
15,0.00
.
77. S.
Gold
Silver Otr-
Notes.
Certif.
t ideates.
$30,000 $500,000
23,000
228,000
18,000
23,000
456,000
29,000
G 1,000
22,000
35,000
637,000
556,000
18,000
17,000
309,000
$70,000
79,000
63,000
120,000
61,000
64,000
Total.; $3,459,993 32:
$457,000
$l‘27,00o! $189,000 2.0 6,00(1
have gained $1,045,000 through the operations of the SabTreasury. Adding that item, mere fore, to the above, we .RAILROAD REPORTS AND THE GRAND CEN¬
have the following, which should indicate the total loss to
the N. Y.
the week
Clearing House banks of gold and currency for
covered by the bank statement to be issued to-day.
Week Ending Sept. 21, 1883.
Into Bunks.
Out
j
Banks’ Interior .Movement, as above
Sub-Treasury
fo9 1,000
] ,045,000
operations, net
Total gold and legal tenders
i
pl.Toti.ooo
.
of
Biinks\ Ac*--Change in
| Jin nk Holdings.
$2,197,0i;0
i
*'.407,003
!
TRAL
As
expected, the action of the Railroad Commissioners
requiring regular reports from tho railroads, so desir¬
able on their own account and so necessary in the interest
of good morals, does not entirely please our railroad
in
I
Cl iii .1.
Lvs?.$l,v0i»,000
1,045,000
managers.
!
Loss.
action that
$7i>1.000
CONFERENCE.
They have
so
long followed
a
different line of
naturally now, when an attempt is made to
following table, exhibiting relative prices.in London enforce publicity, they feel uneasy. A\re do. not mean by
and New York of
leading securities, shows that with the this remark to impugn the motives of every railroad
exception of the first-class investment properties, which directory that has pursued the policy of keeping official
are almost
always in demand abroad, there has this week action and corporate earnings secret, or even to assert that
been a very small margin of profit in cable transactions, such a course has never proved
an advantage to the stock¬
as the London market
follows ours very closely on the holder; but we simply claim, what is now most obvious to
all except railroad officials, that this policy is open to v.ry
|speculative stocks.
The
THE CHRONICLE.
308
abuses, and, in the light of the history of recent
years, is wholly indefensible.
Attention has been again called to the subject by the
hearing had this week before two of the State Railroad
Commissioners at the Grand Central Depot.
Although
nothing new was developed at this hearing, the proceedings were interesting as showing an unchanged purpose
•on the part of our railroad officials to disclose as little
of
their doings as possible, and further because on this occa¬
sion the public is made acquainted with what we must
suppose are the best objections that can be urged against
the Commissioners’ plan.
We say the best objections,
because the gentlemen present to oppose the action of the
Commissioners have no superior as clever and ingenious
men at discovering a reason for the
faith that is within
them, and in this case they fitly represented two of the
largest corporations in the State. Still*, the points made
by these representatives appear scarcely to touch the real
One gentleman wanted the resolution modified by
issue.
leaving out the oath, another wanted the balance sheet
stricken out, another wanted the limit of time removed,
while Mr. Depew was so little solicitous tor the public wel¬
fare that he thought the Commissioners should entirely
grave
rescind their action.
do not consider it of any consequence whether the
Commissioners’ form is the best that could be devised. If
Now
we
be, it will be very easy to modify
defects experience shall disclose. Very
likely changes will suggest themselves from time to time.
it is not what it should
it and correct any
point to be borne .in mind is that reports of
an absolute necessity, that our
Railroad Board is earnestly trying to supply this need, and
that the Commissioners have been not at all hasty, illconsiderate or reckless in their endeavors, but wise,
prudent and deliberate.
It was said by these representatives of the railroads
that the Commissioners’ resolution calls for reports within
six weeks after the close of the period to which they
relate, and that this limit of time is not sufficiently
long. We can conceive that in particular instances, now
and then, unavoidable delay might occur, and that a longer
period of time would then be desirable; but speaking from a
considerable experience, we cannot understand why six
weeks is not ample in almost every case for the pur¬
The main
some
kind have become
pose.
{I
As
lished
i
illustration, take
an
on
or
least the
To
same
I*
S'
i l
In that
we
time ?
be
candid,
suffice, if railroad
I
table of net earnings, pub¬
regularly give reports of earnings and expenses for the
second month immediately preceding—that is, if pub¬
lished in September, the figures cover the month of July;
allowing the companies about five weeks in which to pre¬
pare their figures.
That table contains returns from both
the Chicago Burlington & Quincy and the Union Pacific,
either of which operates at least three times as much
mileage as any of the New York roads, and covers an
area of
territory vastly greater, besides being subject to
fully the same inconveniences as the New York lines in
the matter of the adjustment of accounts with connecting
roads.
If a road like the Burlington & Quincy, running
all the way from Chicago to Denver, can prepare its
return inside of five weeks, why cannot the Central and
Erie, covering a much smaller area, prepare theirs in at
IJf;
I
our
about the 10th of each month.
to
the
we
oiler the
.
i
we
managers
request made
case
think
that
felt
less
time
disposed to
; and as a basis for our
of the New York Central itself.
would
accede
belief,
That
and has not for nearly three
years, supplied any information except that contained
company
Bp'I
|
5
liu.
does not
now,
Tn its annual
[Vol. XXXVII.
reports, but in
1879 and 1880, when Mr.
Vanderbilt had disposed of a large block of New
York
Central stock, the figures of gross earnings
were
published each month regularly for quite a while*
In the early part of October, 1880, we succeeded in
obtaining the statement for the month of September pre*
ceding (covering the last month of the company’s fiscal
year), and taking the earnings therein given, made up the
aggregate for the year, and published the same in the
Chronicle of October 16, 1880—only about two weeks
after the close of the year.
Now, bearing in mind that
our
managers assert that reports issued within six (not
two) weeks will necessarily be incorrect and misleading,
how far out of the way do our readers suppose this aggre¬
gate, published fifteen days after the close of the year,
was?
We do not doubt that they will be surprised when
we say that it did not differ to the extent of a
single
dollar from the total given in the annual report issued
over two months subsequently.
The truth is, a railroad which in this age of quick com¬
munication cannot have its accounts made up in six weeks*
time gives evidence of a lack of ability somewhere.
The
Erie people only last week issued their figures for May,
and the claim is that owing to the lease of the New York
Pennsylvania & Ohio, and a complete change introduced
in the latter’s system of accounts, an earlier report was
impossible. We do not doubt that the reasons given for
the delay are real, but we cannot believe that this delay is
more than a temporary matter.
Soon the new system of
accounts on the leased road should be in smooth working
order, and then there ought to be no difficulty in securing
prompt returns. If, as Mr. Blanchard states, reports from
some of the connecting roads are three months in coming
to hand, means should be taken to impress the officials of
these connecting roads that in making up railroad returns
a little railroad speed would not be misplaced.
We cannot, therefore, recognize the validity of the ob¬
jections raised against making returns promptly. But
admitting, for the sake of argument, that full reports can
not always be made within the time required, what is to
prevent a company from giving the figures as far as ascer¬
tained and then approximating the remainder, plainly
stating, of course, the latter fact ? Take even the Erie,
Why could not this company, if its New York Pennsyl¬
vania & Ohio report were missing, give the earnings and
expenses on its own lines, and accompany the same by a
statement calling attention to the fact that the return of
the leased line when received Vould modify the result, and
giving also some idea as to what this leased line return
might be expected to show ? For instance, the statement
might read : From the best information obtainable at the
present moment the New York Pennsylvania & Ohio wil^
show a gain of so much, or a loss of so much, to the lessee.
Then, as soon as the actual figures arrived, they should be
made public at once.
In some such manner as this, we do
not doubt, any real difficulty in the way of early returns
could be readily overcome.
The point made by Mr. Depew is perhaps deserving of
a
moment’s consideration.
Pie says that since the
showing for some quarters might be bad, the result as
affecting speculation would be to cause panics unneces¬
sarily. That view of the case certainly seems almost
amusing. Mr. Depew should know that nothing has such
a demoralizing, depressing
influence upon any market as
fear, anxiety, uncertainty. If the business of the New
York Central should be falling off in a marked degree, it
might be possible for the managers to keep the precise
extent of that falling off to themselves, but the fact would
be sure to leak out somehow, and this would certainly be \
,
;
'
'<
7* ? ’ ft?
dr ;
**"
X
September 22,
THE
1883.]
CHRONICLE,
magnified,
as everything is magnified on Wall Street, until
it did twice the harm the actual figures would.
Besides, it is not true that an unfavorable showing pro¬
duces a panic or even a panicky feeling. In illustration, we
may refer to some of the figures of the Chicago Burlington
& Quincy.
Early in August last year we published that
road’s statement of earnings and expenses for the month
of June, according to which the net earnings for that
period had declined from $1,121,014 in 1881 to $516,123
''in 1882, a diminution of over one half ! Could there pos*
sibly be a more startling disclosure than this? Yet the price
of the stock advanced during August. On the first it stood
at 133J; on the 9th it had risen to 141, and it closed on
the 31st at 136J, nearly three points higher than at the
opening of the month.
Then, too, it should be remembered that where
frequent reports are required, unfavorable results, if any,
develop slowly and steadily, and thus tend to avoid rather
than to excite panics.
For instance, four quarterly
reports for the Central during the fiscal year 1881-2,
showing at regular intervals the decline in business which
the road wTas
sustaining, could hardly together have
produced as much of a shock as the publication of the
entire loss for the year at once, as was done in the latter
part of December, with the disclosure that the road had
fallen 1} millions short of earning its
8 per cent divi¬
dend.
Yet
even
this
latter
fact
did
not
cause
a
panic.
But it is
folly to
this subject further.-Let rail¬
get to work and prepare their exhibits
without further ado.
The demand for them is too strong
to be resisted, and the heads of
corporations might as
well yield gracefully and in good humor to the inevitable.
road
pursue
officials
309“
be able to maintain its dividends ?
far
as
to claim that
PAUL MINNEAPOLIS
MANITOBA
RAILROAD.
The St. Paul
Minneapolis & Manitoba report for the
gone
so-
fixed
charges were not certain of.
being earned. Whatever light the report throws on this
point will therefore prove interesting.
Any estimate as to the future must, of course, be largely
based upon the past.
Taking the figures for the late
fiscal year as a guide, what do
they show ? Net earnings
we
have already stated to have been
$4,645,574. It
remains to tell what disposition was made of the same.
Interest on debt, the first charge on net
earnings, we find
given for $1,264,279. Then the company paid out besides
even
$1,724,664 for dividends on stock. And these two sums
•comprise the total of the drafts on the year’s net income.
Deducting them, we have a balance from net earnings of
$1,656,631, which constitutes the surplus on the year’s
operations, and shows also the margin of profit which
may be wiped out before either
interest^ or dividends will
be endangered.
It should be said that in this no account
is taken of the revenue.from land
sales, which goes to the
redemption of the first mortgage bonds, and which in
1882 amounted to $S13,945..- We thus see that the results
for the year 18S2-3 were
highly favorable, and of course
this offers much hope for the future.
But will not the charges for interest and dividends be
much heavier in the present
year ?
As to the interest
requirement, they undoubtedly will be. On the first of
July, 18S2, the total funded debt was $1S,646,000. For
the first of July, 1883, the report before us states the debt
at $20,791,720.
The latter amount, however, is too small
for the present time. It includes
only $999,720 on account
of the new consolidated bonds, whereas there are now out.
standing and actually listed on the Exchange $10,574,000of these bonds.
Ten millions of the
to stockholders at 10 per
ST.
Some have
bonds
were
issued
cent of their face value, so that
the company realized from their
lars.
This act has been sharply
sale only
a million dol¬
criticised, but it certainly
partook of the nature of a stock distribution, so common
in railroad affairs, and, besides, it is claimed that the com¬
pany’s past and present earning capacity warranted the
step taken. Still, it is no part of our present purpose to
inquire into the legitimacy of that issue of bonds. The
ended June 30, 1883, issued this week, will command
good deal of attention. The career of this road has
been in many respects a remarkable one.
At first, like so
many enterprises in that section, it did not prosper—that
is, the original line, the St. Paul & Pacific, did not—and fact to be borne in mind is that as the bonds bear 6 per
was forced into
bankruptcy. With its foreclosure in 1879 cent interest, the yearly fixed charges have been increased
and reorganization under the
present name, a decided in the amount of $600,000. - Counting in the whole of the
change for the better took place, and since then it has $10,574,000 bonds out, the aggregate of the funded debt
enjoyed a p. riod of prosperity which is as wonderful as is $30,366,000, against $18,616,000 on July 1, 18S2. This
it has been unbroken.
debt calls for an annual payment of $ 1,8S3,120.
In the
Various circumstances contributed to this. First was late fiscal
year, the disbursements for interest were
the revival in business all over the United States, and the
$1,264,279.
The difference—$618,841—marks the in.
consequent activity and expansion that this produced. creased requirement for this purpose in the present year.
Then the company’s line had been extended to the Cana¬
As to the stock, the amount outstanding—20 millions—
dian frontier, and the road’s position
for commanding the first of July, 1883, was 5 millions above the amount
traffic correspondingly improved.
Besides, the territory reported twelve months before that date, but as the in¬
through which the line passes developed great fruitfulness, crease was made at the beginning of the late fiscal
year?
and on account of its
desirability attracted settlers beyond it counted in full in that year. In fact, the amount paid
that of any other section of the
country. Finally, there out for dividends in the year was greater than the sum
came the almost
unparalleled movement of immigrants to actually
the basis of the
required
on
8
per
Manitoba, accompanied by the building of the Canadian cent per annum now being
distributed.' Eight per
Pacific through the district, and the great “ boom” to which cent on 20 millions calls for
$1,600,000, whereas
it gave rise in that territory.
$1,724,664 is given as having been paid shareholders
Under all these favoring influences the
gross earnings in the year.
The explanation is, that owing to a
of the road have
grown from $2,933,108 in 1879-80 to change from semi-annual to quarterly periods for the
$9,090,631 in 1882-3, and the net from $1,503,022 to dividends, a temporary increase in payments took place.
$4,645,574, enabling the payment of regular 8 per cent Deducting now this decrease of $124,664 in the dividend
dividends. Latterly, the company’s receipts have shown
charge from the $618,841 increased interest requirement,
a
large falling oil from the corresponding period of 1S82, we get $494,177 as the net amount in which these two items
and as mileage, debt and stock have been
considerably in- will exceed the total of the past year. And against this we
| creased within recent years, some doubt has been expressed have a margin on the basis of the same year’s operations
I as to the continued success of the enterprise. Would it of
$1,656,631. The following will show earnings, debt>
year
a
,
THE
310
CHRONICLE.
stock, mileage, etc., for the four years of the company’s
has
existence.
as
Tear.
Gross
Milaf/e
ofyr.
end
656
865
1879-SO...
1880-81...
3 881-82...
1882-83...
$2,033,108
3.700,852
1,058
6,62.0,691
1,350
9,030,631
Surplus.
Year.
732,466
985,084
1,656,631
Of course,
$1,503,022
1,842,417
$947,227
1,109,951
3,148,175
4,645,574
3,188.091
3,264.279
$597,672
223,832
Dividends.
dr.
Land Sales.
$555,795
1879-80
1880-81
1681-82
18S2-83
Interest,
Net
Income.
Earninys.
Stoel:.
$
975,000
1,724,604
Fund'd Debl.
$15,000,000
$16,324,900
15,000,000
15,000.000
20,000,000
18,646,000
860,677
813,945
18,107,700
30,366,000
the fact that the company’s earnings are
largely falling off—the decline from the 1st of July to
September reaches $472,GS7
—should not be overlooked. This falling off, we are told,
is entirely due to the loss of the construction traffic of the
Canadian Pacific, which the latter now carries itself over
its Thunder Bay Branch, but which last year was sent over
the end of the second week of
road
the Manitoba
via Duluth.
that this traffic had to be
It is
carried at
claimed, however,
very low rates ; that
the
profit consequently was small, and that therefore the
is proportionately much less than in gross.
That this is so would appear to be borne out by the fact
that the company's average freight rate in 18S2-3 was
only 1*95 cents per ton per mile, against 2-51 per ton per
mile in 1881-2, though without
doubt the fall is
also to be ascribed to a lower tariff on general freight
and merchandise.
Moreover, it is stated that the tonnage
of construction material played particular prominence
in receipts last year in the months from J uly to November
inclusive, and that while earnings at present are for this
reason recording a large decrease, that will cease as
soon
as the end of
that period is reached.
The general busi¬
ness of the road is declared to be satisfactory, and
as to
the crops all reports agree in saying that the harvest of
•wheat in Minnesota is as good as any on record.
Unless
loss in net
therefore it should turn out that construction material was
earnings than we are led
to suppose, there would appear to be little present likeli¬
hood of the company's having to reduce or suspend its
a
heavier
item
in
net
And it should
dividends.
be
remembered besides that
all the time reducing its first mortgage
proceeds of land sales, of which land there
remain 2,411,G59 acres unsold, all applicable to the same
purpose, in addition to which there is due on land con¬
the company is
bonds with the
tracts the
An event
of
$1,158,35G.
that may have some bearing upon future
sum
earnings is the purchase of the St. Paul & Northern
Pacific by the Northern Pacific, and the proposed exten¬
sion of that road, which runs from Brainerd to Sauk
Rapids, from the latter point to Minneapolis and St. Paul
—about 90 miles.
This would affect earnings by intro¬
ducing a new competitor on those 90 miles, and also by
the loss of the Northern
over
Pacific
traffic which
the Manitoba road between those
EUR OPEA Ar
now
passes
points.
COMP LICA TIONS.
Within the last few weeks there have been all kinds of
[VOL. XXXVII.
into the alliance which
already included Italy
Germany and Austria. Later we find Prince
Alexander of Bulgaria, who a year ago, at the instiga¬
tion of his Russian advisers, dismissed his Parliament and
assumed the role of autocrat, following the example of his
brother of Roumania, and coming under the influence of
the Western Powers.
Later still, we see the King of
Servia at Vienna, and witnessing the manoeuvres of the
Austrian army at Bruck, and sharing in the festivities of
the occasion.
Then, again, importance is attached to the
visit of the King of Spain to Berlin, and to the visit made
by Mr. Gladstone to Copenhagen.
It is very probable that too much prominence has been
given to each of these facts and events, and that they
have been made to bear interpretations of which, properly
understood, they are not susceptible.
The meaning
attached to Mr. Gladstone’s visit to the King of Denmark
we think a little absurd; but it would be foolish to imagine
that his meeting with the young Czar of Russia was with¬
out a purpose.
Mr. Gladstone was the friend of Russia
during the late war with Turkey, and was bitterly opposed
to the Beaconsfield policy.
There may have been a mutual
desire on the part of both to meet each other; and if the
come
well
as
veteran statesman has ends to serve in the interests
own
countrv. he
•ft
has
also
of his
exoerience and wisdom which
4.
may be of some advantage to the Czar in his peculiarly
difficult circumstances.
Nor is it possible to mistake the
adhesions to the Austro-German
league. It is beyond all question unfavorable to RussiaNothing in these later years has so completely illustrated
the purpose, the energy and the perseverance of Prince
Bismarck as the detachment of Servia, Roumania and Bul¬
garia from Russian alliance and sympathy. His success in
alienating them from Russia i3 all the more wonderful
when it is remembered that it is to-Russia they owe their
independence. Again and again has Russia fought and
bled and spent her millions for them.
But for Russia
first and last they might still have been groaning under
the yoke of Turkish Ilospodars, or grasping, grinding,
irresponsible Pashas. This desertion of Russia looks like
ingratitude; and it ought to be no cause for wonder if
meaning of these
new
Russia is angry.
The truth is, disguise
it as they may on the one side and
on the other, the relations of Russia with those of Austria
and Germany are very much strained. War is inconvenient
and for many reasons undesirable; and therefore the lan¬
guage of the rival diplomatists is as yet the language of peace.
But the purposes of war are really being accomplished.
Russian emissaries incite the Sclavs to revolt against Aus¬
trian rule in Croatia; and Bismarck brings into alliance
with Austria and Germany all the smaller Sclavic States
which Russia was the means of creating, and which she
hoped one day to be able to absorb. Austria has perma¬
nently annexed to the empire Bosnia and the Herzego¬
vina; and if there is to be any further occupation of
Turkish territory for pacific purposes, either to the south¬
west or to the southeast, it is Prince Bismarck’s determi¬
nation that that occupation shall be done by Austria.
There is to be no interference with the treaty of Berlin.
If it is broken, it is equally part of Bismarck’s plan that it
shall not be broken in the interests of Russia.
If, sooner
or later, the
Mohammedan must leave Europe, and the
Sultan seek a home in Asia, the opportunity is to be for
Germany not for Russia. Austria will be moved further
to the Eist; and the German Chancellor will complete his
conflicting statements respecting the attitude of the differ¬
ent European powers.
One day it is rumored that Prince
Bismarck is about to take steps to bring about a general
disarmament.
The day following we are assured such is
the strength of Austro-German coalition that Russia will
be compelled to fight or to retire politically from the
Balkan region.
Furthermore we see fresh action taken
on the part of Austria and Germany to strengthen and
great work of unification by annexing the German prov¬
prolong the alliance. We see the Roumanian Minister, M inces of Austria to the empire. The great Chancellor
Bratiano, so long so notoriously anti-German, first at never halts in his purpose. Slowly and silently the onward
m vement is made.
If Russia contents herself to look on
Vienna and then at Gastein : and we find that Roumania
4.-.r
September
and
see
THE
22, 1883.]
the coveted
there will be
CHRONICLE.
prize hopelessly escaping from her
If Russia should offer resist¬
ance to the unmistakable
tendency of events, she will find
herself at war not only with Austria, but with
Germany;
and she will no longer be able, as formerly, in
consequence
of these recent alliances, to fight the
enemy on friendly
grasp,
cial guglt six He ms
no war.
RATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
EXCHANGE AT LONDON-Sept. 12On—
soil.
It is
just here where the real difficulty presents itself-
Will Russia continue to look
in
on
and allow the tide to roll
against all her traditional
;And if she should refuse
would be the
it for
311
purposes and expectations?
to look on in
inactivity, what
likely result ?
It is fair,
we
think, to take
granted that the men who rule Roumania and Servia
and Bulgaria have considered the
probabilities. In join,
ing the alliance of the more Western Powers they have
made a choice, and
they have decided against Russia.
One thing is certain : Germany,
Austria and Russia are
armed to the teeth, and Russia and
Germany particularly
are
confronting each other wTith enormous armaments.
It is only a few days since,
by an order of the German
War Office, large reinforcements of
troops were sent to
the Russo-German and Russo-Austrian frontiers
and
;
since considerable excitement was
produced in conse¬
It is not at all necessary to infer that these
quence.
movements
should lead to war ; but they are
sug¬
gestive ; and they show that during peace the
war attitude is
preserved, and there is a constant readiness
for wrar.
A London Times
correspondent has quite
recently given a full and graphic account of the attitude
of the three powers.
It is shown that both Germany and
Austria have an immense
advantage over Russia in
their more perfect system of railroads : that in this
particular the German arrangements are almost perfect;
and that the wrorks at
Konigsburg, Thorn, Posen, and
other places, are such as to command the constant
attention of the Russian papers.
The Prussian Govern¬
ment now, as always,
recognizes the force of the maxim
that the best way to avoid hostilities is to
prepare for war.
This is the feature of the present state of
things. It is
shown also that Russia, ever since the last war with
Turkey, has been massing her forces along the extended
frontier of about 186 miles.
Along this line, looking towards
Austro-Hungary and Germany there are, it is said, ten
divisions of cavalry, with sixteen batteries ; and behind this
line there are eight army
corps, ready to move at a
Time.
j
Rate.
3 mos.
Amsterdam
Amsterdam. Short.
L2-518 @12,55h
12"2:*4 312"3-U
Hamburg...
3 mos.
Berlin
4*
Frankfort...
Vienna
ii
20-66
2066
20-66
.
ii
j
EXCHANGE OS’ LONDON.
Latest
Time.
Rate.
;sept. 12 Short.
12-14
Sept. 12 Short.
20-50
20-50
2050
12-00
25 35
j Date.
320-72
320"72
3 20-72
!Sept. 12
Sept. 12
12-12L>S12-15
Sept.
Antwerp....
25-5712325"6212 Sept.
Petersburg..
23132-2314
Sept.
Paris
Checks 253114 325-3614 Sept.
Paris
3 mos. 25-5114®25-5614 Sept.
Genoa
25*58;4325 63
Sept.
H
it
*»
Madrid
Lisbon
Alexandria..
New York...
Bornbav
60
Calcutta
....
..
46
346*8
5134351
a
d’ye
“
Hong Kong..
Shanghai....
Is. 7*2(1-
....
<*
“
ii
12
12
12
Si
ts
12 Cheeks
12 3
12
mos.
i»
Sent. 12
ft
Sept. 12
ii
Sept.
Si
Sept.
Sept.
Sept.
Sept.
Sept.
ls.7*£d.
.
:
*
9
25-33
25-34
25*25
47-10
53*8
12 Short.
12 tel.trsf.
12 tel.trsf.
12 4 mos.
12
4 i
95 78
4-311-3
Is. 7L>d.
Is. 7h>d.
3s. 8-Vjl.
5s.ld.
i
*%
| From
.
our own correspondent. 1
London, Saturday, Sept. 8, 1883.
an improved demand for
money has, at length, arisen on provincial account, and evi¬
dently for commercial purposes. Gold to the value of £273,000
This week’s Bank return shows that
had been sent on balance into the Bank of
England during
the week from colonial and
foreign sources, but the increase in
the supply, according to the
weekly statement, is not more than
that the provinces have
absorbed about £106,000. There has also been a
slight increase
in the note circulation, viz., of £79,215, and the
improvement
in the reserve does not exceed £27,042.
The total supply of
bullion now amounts to £23,982,454
against £21,002,605, and
the reserve of notes and coin to £13,943,259,
against £11,006,605
last year. The increase in the former is, therefore,
£2,319,7S9,
£10G,857.
It is
clear,
therefore,
and in the latter £2,936,054. The
proportion of reserve to
liabilities his scarcely varied, it being 47’70
per cent,
against*
47’54 per cent
last week ; but at this period in 1SS2 it was
only 39”25 per cent. Another feature in the Bank return is that
an improved demand for loans and discounts is
indicated. The
total of “other securities” has been
augmented to the extent
of £293,750, but it is still
only £21,609,753, against £23,186,555
last year, being a difference of about
£1,500,000. The other
alterations in the return are not
important, except that the
“best”
undivided profits exhibit an increase of £36S,39S,
raising it to £3,740,S11. This will admit of a half-yearly divi¬
dend cf 5 per cent, against 5% per cent last
or
year.
It
to be
probable that, for the current year at least
the present will be the most
satisfactory Bank return which
will be published. The position is a
good one, but it is, never¬
theless, by no means too strong. Some increasing, and probably
heavy, demands will be made upon us, and most persons are
moment’s notice.
prepared for a recovery in the open market rates of discount^
Russia
is
also
building and strengthening her During the last fortnight they have been gradually falling, and
fortresses.
There is a first line
beginning at Kowno 3/£ per cent is now the quotation for three months’ Bank bills.
and
ending at Kamenetz; and there is to be a The Bank rate is not expected to be altered; in fact, it is antici¬
pated that it will remain at 4 per cent for several weeks to
second line about 200 miles behind the first.
Poland
come.
This tendency to improvement in the value of
would give Russia an
money
advantage in the event of any should, however, be looked upon as
encouraging, as it indicates
attempt being made to invade Prussia; and arrangements a return of vitality in mercantile affairs. The^
many alarming
have in consequence been made to
fortify Warsaw. This rumors which have been circulated during the last six months
state of things does not
necessarily mean war. On the as regards monetary, commercial and political affairs, have had
their natural effect. Business has been much restricted in con¬
contrary, watchfulness and visible strength on both
sequence ; but a favorable all-round harvest and the almost
sides is probably the best
guarantee for peace. These certain
prospect of cheap food for several months to come, are
enormous armaments
show, however, that in these modern inducing merchants to strikeout a little more
boldly. It is»
times battles are being fought without
moving troops, however, somewhat early in the autumn for much to be at¬
and that many of the evils of war exist in time3 of
peace. tempted, and more than a steady legitimate trade during the
remainder of this year is not looked forward to.
It is safe, we think, to conclude that much as Russia
may
Much anxiety has, daring the last fewr days, been felt with
dislike the situation and far as wre
may be from a general
regard to the Franco-CJhinese difficulty ; but recent Paris tele¬
European disarmament, the Austro-German compact is a grams state that the two nations
will soon be able to arrive at
peace guarantee.
a modus vlvendi.
Speculators on the Stock Exchange, in the
absence of anything more tangible, have been
utilizing the
—Attention is called to the list of investment bonds
presented i .formation as much as possible; but, considering how limited
by the well-known house of Messrs. Reed & Ifuriburt of
is the attendance in the city just now, their
this city and Chicago, in to-day’s
attempts have not
advertising pages of the
b?en very successful. Prices are somewhat
Chronicle.
depressed; but
—The interest due October 1 on Canadian Pacific land mort¬ bona fide holders of sound securities are not
sellers, and some
gage bonds will be paid in Montreal, London, or New York—in
of
stock
scarcity
may
manifest
itself
at
the
or at some not
next,
the last-named city by Messrs. J. S.
Kennedy & Co.
Ve:y remote, settlement. Mexican Government and Mexican
now seems
CHRONICLE
THE
812
railroad bonds liave experienced a heavy fall, and some have
asserted that other departments of the Stock Exchange have
been dull in sympathy. On what grounds such an assertion
can be made is a question difficult to solve.
Mexican securities
neVer did hold any high position on the London or any other
market, and the very dubious wording of the last reply of the
Mexican Government to the committee of bondholders is not
calculated to improve Mexican credit. Mexican securities have,
during the last year and a haif, been forced up by a powerful
clique of speculators, and by a confiding public, to a high
point, and the public will, no doubt, be as usual the heaviest
loser. As regards all good securities, the tone is undoubtedly
inherently sound. Securities chiefly dealt in on the Paris
market, may, and no doubt do, suffer fluctuations, according as
the French Government’s colonial ventures succeed or fail, but
that offers little reason why the values quoted in the London
Stock Exchange list should “ sympathize ” with them.
As already stated there has been very little demand either
for loans or discounts in the open market this week, and the
quotations have had a downward tendency. For three months’
bills the rate is only 3/£ per cent, while short loans are obtain¬
able at 2 to 2/£ per cent on the best security. The supply of
bills offering is still very limited. They have, for some time past,
been kept back, as a reduction in the Bank rate was considered
to be possible ; but now that there is much less expectation of
such a change being made, more activity is likely to be the
rvoL. XXXVII.
£5,500; and the “Don,” from the West Indies, $5,800; 30,000 sovereigns
have been withdrawn from the Bank for Lisbon.
Silver .—Our market has been quiet during the past week, and some
amount of silver was sold at 50 t)-10d. per oz. standard; but the price
has since risen to our last week’s quotation of 50%!., at which rate the
bars ex “Galicia” were placed to-day. This vessel brought £21,003
from Chili; the “Rhein,” from New' York. £30,000; and the “Don,” from
the West Indies, £ >,200. The P. A O. Steamer “Verona” took yesterday
£105,000 to Bombay.
Mexican Dollars are nominally at our last week’s quotation of 49 5-16d.
per oz., but wre tnink a higher price could be obtained for shipment per
next P. & O. steamer. About £60,000 have arrived from New York, per-
“City of Chester” and “Rlieiu.” We have no shipments to report.
The quotations for bullion are reported as below :
Price of Gold.
Sept. 6.
77
0
77
20 dwts. silver..oz.
77
1076
77
1076
Span, doubloons.oz.
73
076
73
976
Cake silver
S.Am.doubloons.oz.
13
876
73
876
Mexican dols...oz.
U. S. gold coin...oz.
70
376
70
3>6
Cliiliun dollars..oz.
Bar
oz.
|
Bank Bills.
C8
a;
Three
!
Four
j
1 Trade Bills.
Joint
Six j Three
Months Months Months Months Months Months
3%®3^3}i®3%4
@
4
@4% 4
4
Banks.
44 >4 4}i®4h
@476
3
3
3
“
17
4
3X®-3X®3%14 &4T6 4 @4q 4 @43<f
3
“
24
4
3
31
4
3-X® -37444 ,374^434 4 @414 4'4®4%
3!g43% m® - 3X®3% 3g®4 3%®4'A 4 @414
44
31443-431444 3>6@4
m®3'4
7
4
Days.
3
4
4
Sept.
Call.
3
3
“
7 to 14
3
10
14
At
3
3
3
3
3J4-3J4
314-314
3 *-376
3M-314
314-314
314-314
50%
50 %
'
Bar silver, contain-
ingSgrs. gold.oz.
oz.
51
51
5476
5436
49 5-10
49 5-1U
Ger. gold coin...oz.
The following return shows the bullion movements to and
from the United Kingdom in August and during the eight
months ended August 31, compared with the two preceding
years:
All Countries.
United Stutes.
-
GOLD.
k—‘
in
in
in
in
Aug.
..
8 mos..
Aug. ..
8
mus..
1881.
1883.
1882.
J.
£
£
1,104.(-93
7,001.2-11 11,019,452
3,109,590 2,145,984
9,000,889 9,801,210
915,001
1882.
1.413,071
5,531,728
3X8,199
4,089,259
1883.
40
£
550.000
14.874
£
003,314
4,9s2
1,371,289
5,058,794
33,209
459,785
240
*
Disc't ITses
Stock
Six
Four
£
3% 3^@4
Bar silver, flne..oz.
gold, contain’g
Imports
Imports
Exports
Exports
for Deposits by
“
Aui.
0
£
Open Market Rates.
London
d.
.
Bar gold, fine
previous live weeks:
Interest Allowed,
d.
d.
d.
s.
Aug. 30.
Sept. 6.
Aug. 30.
s.
result.
The following are the quotations for money and the interest
allowed by the discount houses to-day and same day of the
a
Price of Silver.
1
SILVER.
Imports in Aug. ..
Imports it: 8 mos..
Exports m Aug. .
Exports in 8 mos..
The
501.191
941,075
890,853
272,749
5,900,025
6,088,478
177,091
1,87^,35?
20.0,199
4,880,437
1,498,39,"
1,759,308
000,5 is
5.27s.913
827,791
0,055.902
438,802
5,91().N>9
20,478
25.020
48,050
exports of silver to British India were:
1881.
£333,185
In August
In 8 months
..2,393,226
1882.
.
£579,351
4,103,726
1S8.L
£376,100
3,879,949
It is stated that India will be able to export 20 to 25 million
cwt. of wheat during the current season.
In consequence of the failure of Messrs. Richards, Power &
preceding figures show a reduction of quarter per cent
deposits at fourteen days’ notice of Co., of Swansea, Mr. Joseph Hall has been compelled to issue
withdrawal.
the following circular :
4 Cambridge Place, Swansea, Sept. 4, 1883.
Tenders were received at the Bank of England on Monday
Gentlemen: I very greatly regret to inform you that In consequence
for £1,931,000 in Treasury Bills. The amounts allotted were
of the failure of Messrs. Richards, Power* A Co., in partnership with
as follows : In bills at three months, £1,731,000 ; do. at six
whom my firm of Parnell A Hall lately carried on the business of the
months, £200,000. Tenders for bills at three months at £99 Hansamkt Smelting Works, 1 am obliged to suspend payment. Messrs.
3s. 10Md. will receive about 98 per cent, above in full; and Tribe Clarke and Cawker A Co., of Swansea, accountants, have been
The
in the rate of interest for
for bills at six months at £98 5s. 8d. and
instructed
a discount charge of'
months’ bills, and £3 8s. 4d. for six months’ bills.
Messrs. A. & W. Ricards invite applications for £190,000 in
shares of the Albert Railway Company of New Brunswick,
Canada. The price of issue is £59 for certificate of ten shares,
obedient servant,
above in full. This is
£3 4s. per cent for three
equivalent to
my
to prepare a
creditors with
as
statement of a flairs, which will be submitted to
little delay as possible. I am, gentlemen, your
Joseph Hall.
Trading as Joseph Hall A Co.
Messrs. Harmood Banner & Son, accountants of
also announce that in consequence of the failure
Liverpool,,
of Messrs.
Richards, Power & Co., Messrs. Darbyshire & Co. of that city
each certificate representing £100 share capital.
have been compelled to suspend payment, and that the liquida¬
Annexed is a statement showing the present position of tion has been placed in their hands.
the Bank of Eugland, the Bank rate of discount, the price of
The report written by Messrs. H. G. Calcraft and R Giffen,
consols, of wheat, of cotton and of yarn and the Bankers’ and furnished to the Board of Trade, lias just, been issued. It
Clearing House return, compared with- the three previous states that the position of the railway c unpaaie-f in the United
years:
Kingdom in 1882 may be considered to have been almost sta¬
1883.
1882.
1881.
1880.
tionary; but some modest and steady progress was made.
£
£
£
£
Circulation
25,789.195 26,406.000 26,517.3 70 26,959,760 Mileage, capital, traffic, working expenditure and net earnings
Public deposits
5,033,190
5,454,609
4,260,630
5,915.7o6 have all increased by small percentages; but the increase of
Other deposits
23,558.990 23,552,814 25,789,900 24.932,926
mileage has been at a less rate than the increase of capital.
Govermn’t securities 11,962.631 12,130.15 4 14,557,649
15.313,792
An indication of the continued capital expenditure on lines open
Other securities
21,609,753 23,186,555 22,374,837 17,685,800
The increase of capital is 3 per cent, and of capital
Res’ve of notes Acoin 13,943,259 11,006,605
12,122,148 16,401,895 for traffic.
Coin and bullion in
per mile open 1*4 per cent, indicating, as already stated, a con¬
both depart incuts.. 23,932,454 21,662,665 23,190,018 23,374,655
tinuous outlay of capital on lines ope.i. The capital per mile
Proport’n of reserve
49 p. c.
47-70
to liabilities
52:U open now stands at £41,605, as compared with £11,019 in 1881.
39'4
4 p.c.
4 p. c.
4 p. c.
Bank rate
2^ p. <•..
The increase of gross receipts, again, is 3*3 per cent, which is
97 X
Consols
99j8
ll,'0l8
995s
somewhat larger thin the increase in 18SI upoa 1880, while the
43s. 2d.
43s. 3d.
55s. 2d.
47s. 3d.
Eng. wheat, av. price
increase is differently composed, the passenger increase being
Mid. Upland cotton..
7d.
5%l.
741(1.
71io‘l.
9 :Ud.
now 4 per cent, as compared with 1*3 per cent in 1881, the goods
10:U«1.
No. 40 Mule twist...
loqd.
liq.l.
Clear’g-house return. 1 17.925.000 105,024,000 102,930.000 87,265,000 increase 2 5
per cent as compared with 2 9 per cent, and the
The Bank rate of discount and open market rates at the miscellaneous increase 0 7 per cent, as compared with 5*2 per
chief Continental cities now and for the previous three weeKs cent. The difference between the traffle increase in the two
have been as follows:
years is thus mainly a difference in the passenger traffic, where
the increase in the last year is at twice the rate of the increase
August 23.
August 10.
Any list 30.
Sept. 0.
in 1881.
The improvement, however, is in no case excessive.
Rates of
The
working expenditure again shows an increase of 3 6 per
Interest at
Bank
Bank
Bank
Bank
Open
Open
Open
Open
cent, which almost exactly corresponds to an increase of 3*9 per
Rate. Market
Rate. Market
Rate. Market
Rate. Market
cent in 1881.
In the case of the net earnings as the result of
3
3
3
Paris
3
2%
276
2%
2%
the larger increase of passenger traffic, the comparison is
4
3
4
4
4
3
Berlin
276
276
entirely to the advantage of 1SS2. In 1881 the increase of net
3
Frankfort
376
27s
376
earnings
was only 1*1 per cent, or less than the rate of increase
Hamburg
274
2%
274
27s
on capital;
but in 1SS2 it is 3 per cent, or about equal to the
Amsterdam
336
334
33-6
334
376
376
334
3H
rate of increase on capital.
On balance, therefore, the year
Brussels
8H
376
376
376
334
334
376
334
1882 shows rather more favorably for the railway shareholder
5
5
5
5
5
Madrid
5
5
5
"
.
—
—
—
—
—
—
—
—
Vienna
4
4
4
4
4
376
4
374
8t. Petersburg..
0
0
6
6
6
0
6
0
In reference to the state of the bullion market, Messrs.
& Abell write
as
*
Pixley
follows:
Gold.—Considerable amounts of gold, cliieily from the Continent, have
arrived since the date of our last Circular, and with tho exception of
£35,000 shipped to Bombay per P. AO. Steamer “Verona,” there being
no export inquiry w hatever, the whole has been taken to the Bank of
England, about £278,000 in bars and coin having been sent in. The
Buenos Ayres, brought £7,800; the “Paramatta,” from
Australia, £36,000 in bars and sovereigns; the “Tartar,” from the Cape,
“Elbe.” from
than its predecessor.
The trade for wheat, which was very quiet in the early part
of the week, is now firmer, owing to unsettled weather through¬
out the country.
The harvest in the Noith is not being satis¬
factorily gathered in, but the rains have been productive of
good to the green crops. The value of wheat exhibits a
much
slight improvement.
The following quantities of wheat, flour and Indian corn ar©
estimated to be afloat to the United Kingdom, Baltic supplies
not being included :
September 22,
At
Wheat
Flour
Indian
THE
1883.]
Last week.
1,750,000
170,000
303,000
present.
qrs.l,644,000
129,000
269,000
corn
1882.
(CHRONICLE
1881.
2,042,000
142,000
170,000
©tfMMcrctal and BXtscellaueonis Hewrs
1,864,000
147.000
326,000
Liberal, though, less extensive, shipments of cereals have
■again been made from St. Petersburg to Western Europe. Of
wheat last week they were as follows: By steamer to
London,
45,065 chetwerts; to other United Kingdom ports, 11,349; do.
for orders, 25,482; to the Continent,
55,735; and by sail for
orders, 6,548 chetwerts. Of oats the totals were as follows: By
steamer to London, 47,9S7; to other United
Kingdom ports,
5,500; to the Continent, 50,639 chetwerts.
Annexed is a return showing the extent of the
imports of
cereal produce into the United
Kingdom during the first
week of the season, the sales of
home-grown produce during
the same period, the average price of
home-grown wheat, the
Tisihle supply of wheat in the United States, and the
quantity
of wheat and flour afloat to the United
Kingdom,
compared
with previous years:
Imports and Exports for the Week.—The
imports of last
week, compared with those of the preceding week, show' a
decrease both in dry goods
and general merchandise.
The total
imports were $7,601,097, against $8,457,546 the pre¬
ceding week and $3,131,822 two weeks previous. The exports
for the week ended Sept. 18 amounted
to $7,053,917, against
$6,197,157 last week and $7,172,696 two weeks previous. The
following are the imports at New York for the week ending
(for dry goods) Sept. 13 anch for the week ending
(for general
merchandise) Sept. 14; also totals since the beginning of first
week in January:
FOREIGN IMPORTS AT NEW YORK.
IMPORTS.
1883.
Wheat
cwt.
1,670,770
Barley
Oats
Peas
Beans
Indian
Flour
2,152,754
78,155
8,439
315,412
22,539
100,953
690,833
241,997
corn
For Week.
1882.
1881.
1880.
1,098,337
1,671,588
52,832
161,141
6,825
37,109
421,843
407,858
7,132
55,016
344,906
260,763
29.240
8,817
36,877
709,103
656,552
204,123
176.201
Imports of wheat.cwt. 1,670,770
1882.
1881.
2,150,754
1880.
241,997
260,763
1,098,337
204,123
1,671,588
176,201
520,250
596,150
369,550
2,433,017
3,007,667
1,672,010
43s. 2d.
47s. 3d.
SUPPLIES AVAILABLE FOR CONSUMPTION.
1883.
Imports of flour
Bales of home-grown
produce
Total
Av’ge price of English
wheat for season, qrs.
Visible supply of wheat
in theU. 8...J
bush.20,700,000
Supply of wheat and
flour afloat to U. K.
12,045,600
during the
—viz., from September to August inclusive:
Wheat.
1882-83.
1881-82.
Cwt.
Cwt.
11,694,284
33,206,027
2,744,331
3,208,310
.
Germany
France
Chili
11,627
2,114; 141
Turkey & Roumania
Egypt
1,651,549
820,451
8,452,316
British India
Australia
Other countries
2,028,052
939,976
Total
67,171,064
France
United States
-Brit. N. America
Other countries
Total
4,820.758
37,662,181
3,165,053
689,808
38,138,729
at
Barley
Oats
Peas
Beans
Indian corn..
Flour
Total....
•
since
407,119
2,165,014
16,477,373
11,164,720
12,242.562
10,431,726
235,918
8,198,628
1881-S2.
1880-31.
£34,599.225
5,098,919
4,134,970
842,205
12,814,456
7.906,237
9,298,009
£63,260,800
£62,622,743
804.440
1,116,673
9,675,967
8,692,143
Silver, per
oz
d.
50iq«
Consols for money.
1003s
Consols for account
1001*2
Fr’ch rentes (in Paris) fr. 79-85
U. 8. 4128 of 1891
1151*2
U. 8. 4s of 1907
12134
Chic. Mil. & St. Paul
108 \
Erie, common stock
3212
....
Illinois Central
13312
2312
Pennsylvania
OOifi
Philadelphia & Reading. 2612
New York Central
llOq
N. Y. Ontario & West’n.
Liverpool.
Sal.
s.
d.
Flour (ex. State)..100 lb. 12 0
Wheat, No. 1, wh.
“
8 7
9
Spring, No. 2, old “
0
8 5
Spring, No. 2, n.. “
Winter, West., n
8 9
“
Cal., No. 1
“
9
1
“
Cal., No. 2
•
8 11
Corn, mix., new
“
5 6
Pork, West. mess.. $ bbl. 72 0
Bacon, long clear, new..
Beef, pr. mess, new,$tc.
36
75
Lard, prime West. $ cwt. 43
Cheese. Am. choice
51
6
0
0
0
Tues.
Wed.
5034
50 34
50 34
100131P< lOOis^p 1007ft
100151(5 lOlhn 101
Thurs.
50%
Fri.
50%
10013, ft 1001316
100-5|(> I00ir>1(-
x79'30 793712 792212 79-2 7 h* 79*20
II0I2
12134
109 q
32 34
13334
23%
6d8
26%
11912
Mon.
s.
d.
12 0
8 6
9
0
8 4
8 8
9
1
8 11
5 4!$
72 0
36 0
74 0
42 0
52
0
1157ft
1161ft
122l16 12214
109%
33
133%
233ft
6OI2
1093ft
33ift
134
2334
60%
267ft
2H78
120io
121 %
Tues.
Wed.
8.
d.
12 0
8 6
9 0
8 3
8 6
9
3
8 11
5
412
72 0
35
6
74 0
42
0
52 0
8.
d.
12 0
8 6
9
0
8 3
8 6
9 3
8 11
5 412
72 0
35 0
74 0
42 0
52 0
l$292.411.914 $275.783,539
IHvift
1223ft
103%
32L2
133^
23ift
6OI2
2 6 3ft
11934
Thurs.
8.
d.
12
0
8 6
9
0
8
3
8 6
9
3
8 11
5 5
72
0
35 0
74 0
0
42
52 0
1103ft
I22:!ft
13313
60
26i2
120
Fri.
s.
d.
12
8
0
9
0
6
8
3
8 6
9
3
8 11
5
72
35
74
42
52
0I2
0
0
0
0
<>
1883.
$7,161,211
232,511,316
$7,053,917
247,199,663
$239,672,527 $254,253,580
Exports.
Imports.
Since Jan. 1.
Week.
$9,300
211.135
West Indies
Mexico
South America
All other countries.
Total 1883.
Total 1882.
Total 1881.
Silver.
Great Britain
France
German/
$
107,150
$166,300
West Imiics
Mexico
South America..
All other countries
Total 1883
Total 1882.
Total 1881
SineeJan.l.
$1,963,468
9,650
Germany
113,870
2,277,142
2,530,822
78,308
165,291
20.080
6,598
215/»03
114,785
11,563
607
$359,168
$239,553
33,749,884
375,3 46
26,867
765,158
2,687,098
42,840,407
,
$9,934,414
466,419
$
20,433
$7,149,334
$
158
1,666
246,230
360,351
43,276
12,6 45
13,773
5,281
6,408
123.323
$24,492
$3,581,002
39,533
43.625
1,909,457
2,152.667
3,791
$166,300 $10,461,706
227,500
9,134.838
24), 130
7,76 L,355
2,835,486
13,946
Of the above imports for the week in
1883, $2,335 were
American gold coin and $6,922 American silver coin. Of the
£65,700,081
English market Reports—Per Cable.
The daily closing quotations for
securities, &c„ at London,
and for breadstuffs and provisions at
Liverpool, are reported
by cable as follows for the week ending Sept. 21:
1882.
$8,345,639
267,142,900
Great Britain
Franco
5,503,936
5,528,68*)
933,984
Mon.
$8,728,104
283,633,810
Week.
£34,379,137
978,318
11,391,160
9,817,312
£61,083,465
1831.
Gold.
1879-80.
£29,701,361
4,336,126
3,925,204
743,148
Sat.
236,483,192
$358,773,304 $310,795,175 $362,273,241 $323,417,374
EXPORTS AND IMPORTS OF SPECIE AT NEW
YORK.
3,107,465
315,734
2,326,822
London.
$91,934,182
262,699,124
228,562,095
and 1881:
2,287,916
2,486,182
386,939
2,659,990
1,271,110
$99,574,117
261,987,434
2.460
11,113,281
8,884,808
>
$7,601,097
6,143
938,080
266,280
7,026,966
463,780
1,736,612
834,373
$9,815,573
following table shows the exports and imports of specie
New York for the week ending Sept. 15, and
Jan. 1, 1383, and for the
corresponding periods in 1882
1,791,205
1,235,883
5,263,023
$8,601,422
$96,785,870 $82,233,080
the port of
4.788,113
2,386,690
3,195
286,970
9,740,310
2,681,843
137,497
Total 37 weeks
Cwt.
2,355.226
1,182,23 L
346,828
1,188,532
5,178,551
4,237,712 ?
81,443 ]
328.786
For the week...
Prev. reported..
1879-c0.
1,747,197
248,321
6,526,646
1882-33.
Dry goods
The
59,815,691
£33,575,189
5,617,841
$12,797,557
EXPORTS FROM NEW YORK FOR THE WEEK.
The estimated value of the
imports of cereal produce im¬
ported into the United Kingdom during the past seas m is
shown in the following statement:
Wheat
$2,473,932
5,127,165
,
past season
55,990,760
...
$3,169,658
6,645,915
1883.
our report of the
dry goods trade will be found the imports
dry goods for one week later.
The following is a statement of the
exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending Sept. 18, and from
January 1 to date :
imports of
Cwt.
8,629,297
32,604,315
2,821,336
3,257,275
5,392
1,311.981
61,805,002
2,144,183
172,980
Total
Since Jan. 1.
14,000,000
1880-81.
Flour.
Germany
5,906,437
1880.
1,920,000
2,312,000
1,919,000
Annexed is a return showing the* extent of the
wheat and flour into the United Kingdom
.
$2,694,985
In
qrs
F)'07R—
Russia.:
United States
Brit. N. America
$2,912,612
9,881,945
1882.
of
43s. 3d.
19,507,650
1881.
Qen’l mer’dise..
Total 37 weeks
2,136,129
55s. 2d.'
1880.
Dry goods
Gen’l mer’dise..
238,340
-L
313
exports daring the
Call
for
3 per cent
ment
same time $54,000 were American silver coin.
U. S. Bonds.—The following call
for bonds of the
loan of 1882
Sept. 19.
was
issued at the
Treasury Depart¬
Treasury Department, Washington, Sept. 19, 1833.
By virtue of tlie authority conferred byelaw upon the Secretary of the
Treasury, notice is hereby given that the principal and accrued interest
of the bonds hereinafter designated will
be paid at the Treasury of the
United States, in the City of Washington, on the, 1st
day of December,
1883, and that the interest on said bonds will cease on that date, viz.:
Three per cent bonds issued under the act of
Congress approved July
12, 1882, ami numbered as follows:
$50—original number 972 to original number 1,303, 6otli inclusive.
$100—original number 6,720 to original number 9,459, both inclusive.
$500—original number 2,927 to original number 3,977, both inclusive.
$1,000—original number 18,975 to original number 22,635, both in¬
clusive.
$10,000—original number 27,010 to original number 23,203, both in¬
clusive. Total, $15,000,000.
As required by tiie following provision of the
authorizing act, viz.:
“Tlie last of the said bonds originally issued und u* this
act, and their
substitutes, shall be first called inland this order of payment shall be
followed until all shall have been paid.” Too bo ads described
by num¬
bers above arc the bonds of the original issue which were last
dated
and numbered, or their sub-titutes, i. c., bonds which h ivo been
issued
on transfers in exchange for
original bonds, and which bear an original
as well as a substitute number.
All of the bonds of this loan will he
called by tlie original numbers only.
Many of the b mils originally
included in the above numbers have been transferred or
exchanged
into other denominations on “ waiver,” the original numbers
being can¬
celed, and leaving outstanding the amount above stated.
Bonds for¬
warded tor redemption should be addressed to the
,
“Secretary of the
Treasury, Division of Loans, &c., Washington, I). C.,” and all the bonds
called by this circular should be assigned to the
“Secretary of the
Treasury for redemption.” Whye checks in payment are desired in
favor of any one but the payee, the bonds should be
assigned to the
Secretary of the Treasury for redemption for account of ” (here insert
“
the name of the person or persons to whose order the cheek
should be
made payable.)
‘
Cu yules J. Folger, Secretary.
314
THE CHRONICLE.
viz. : Sixty days, 4 82(3,4 8214;
4 85^(34 85%; commercial bills,
demand, 4 85(34 8534 ; cables,
4 803<(34 81%.
Quotations for foreign exchange are as follows, the prices
%hz Skulkers7 doa^ciic.
_
DIVIDENDS.
being the posted rates of leading bankers:
The following dividends have recently been announced:
Per
Cent.
Name of Company.
Railroads.
Buffalo N.Y. & Phila. pref. (qnar.)
Chic. Mil. & St. Paul com. & pref.
1%
3%
Dubuque & Sioux City
3
N. Y. Lack. & Western (quar.)
1%
1%
Oreg. <fc Trans-Continental (quar.)
NEW
YORK,
Books Closed.
(Day8 inclusive.)
25 Sept. 22 to Sept. 24
15 Sept. 27 to Oct. 17
15 Sei>t. 30 to Oct. 15
Oct.
Oct.
Oct.
Oct.
FRIDAY,
September 21.
When
Payable.
Sept.
1
15 Sept. 20 to
SEPT.
21,
[Vol. XXXTIt.
Prime bankers’ sterling
Prime commercial
1S83-5 P. M.
Market and Financial Situation.—The last
singularly devoid of any incidents or develop¬
ments, either favorable or unfavorable, in connection with
mercantile or financial interests in the United States. There
was a bank failure in Montreal, but as far as has yet been
on
London.
4
4
4
5
Documentary commercial
Paris (francs)
Amsterdam (guilders)
Frankfort or Bremen (reichmarks)
Oct. 16
The Money
week has been
bills
Sixty Days Demand.
83
4 86
81^
81*4
23%
5 21%
40
40%
94%
94%
Goins.—The following are quotations in gold for various coins:
Sovereigns
Napoleons
$4 82
3 85
X X Reichmarks.
X Guilders
c(i
3 89
4 73 -a 4 70
3 96 ® 4 00
8pan’hDoubloons.l5 50 -&15 60
filex. Doubloons.. 15 50 -©15 65
Fine silver bars
1 10 %® 1 11
F;ne gold bars
par a> % prem.
Dimes <fe % dimes. — 99%® par
-
..
Silver %s and %s.
Five francs
Mexican dollars..
Do uncommerc’l.
Peruvian Boles
—
99par.
—
92
'db
—
86
'W
—
—
94
S6%
85%
81%
84% ® —
80% @ —
English silver.... 4 75 ® 4 81
Prus. silv. thalers. — 68 ® — 70%
U. S.trade dollars — 87 ® — 88
U. 8. silver dollars — 99% a r ar.
—
—
developed it was due to local causes special to itself,"and not
general condition of mercantile affairs in the Do¬
United States Bonds.—The feature of the week in tlio
The aspect of affairs in the United States has government bond market has been the issue
by the Secretary
improved in the respect that it is now reasonably certain that of the Treasury of the first call for the three per cent bonds*
while some of the important crops will be smaller than last
The effect of this call was to strengthen the prices of the long¬
date bonds, which close about % higher than a week ago,
year, none will be below the average of the past five years.
Cotton will fall below 1882, and so will wheat; but corn and to weaken the threes, which record a decline of about
Y*
and oats—notwithstanding the damage to the former by
The closing prices at the N. Y. Board have been as follows:
frosts—are both pretty certain to afford an excellent yield.
Interest Se,ol.
Sept.
Sept. Sept. Sept.
Sept.
The importance of these latter crops will be the better under¬
Periods.
15.
17.
18.
19.
20.
21.
stood by the statement that the average money value of the
corn crop is nearly 50 per cent of the total value of the crops
5e, continued at 3%.. Q.-Feb.
*113
*113
4%s, 1891
reg. Q.-Mar. *112% 112% 112% 113
of cotton and all grains put together.
113
coup. Q.-Mar. 11288 *112% 112% *112% 113
The general monetary situation still presents the unusual 4%s, 1891
*119
Is, 1907
reg. Q.-Jan. *118% *118% 118% *118% 119
feature of a plethora of money at exceptionally low rates 4s, 1907
*120
119% 119% 119% 120
coup. Q.-Jan.
120%
of interest, especially in New York, but also to some extent in 38, option U. S
reg. Q.-Feb. 103% *103% ao3% 103
102% *102%
*129
*129
*129
*130
*130
London. A year ago the Bank of England rate of discount 6s,cur’cy, 1895..reg. J. & J. *130 *130 *130 *130 *131 *130
131
68,cur’cy, 3 896..reg. J. & J.
was 5 per cent, against 3;% per cent now, and in New York the
*131
*131
*132
*132
*132
6s,cur’cy, 1897.. reg. J. & J. *131
133
134
rates for call loans early in September were as high as 8 and 10 68,cur’ey, 1898..reg. J. <StJ. 133
133% *133% 131
*134
*134
*134
*134
6a.our’ov. 1899.. reir. J. & J. *134
*131%
per cent, whereas the rate during September this year lias
This is the price bid at the morning board; no sale was made.
scarcely been above 2 per cent. In London there was a special
cause in the Egyptian difficulties for the high rate of discount
U. S. Sub-Treasury.—The following table shows the receipts
and payments at the Sub-Treasury in this city, as well as the
a year ago: but in New York the cause of the difference in rates
is to be found in the fact that an unusually large amount of balances in the same, for each day of the past week:
money is still held out of more permanent investment and to
Balances.
the entire absence of any desire to engage in speculation.
Date.
Payments.
Receipts.
Coin.
The distrustful feeling is in great part due to the uncertainty
Currency.
with regard to the outcome of some of the great railroad enter¬
$
%
$
$
prises of recent years which are now just beginning to make Sep. 15..
935,980 41 118,961,359 07 7,417,762 51
904,017 59
17..
1,762,409 SO 118,900,260 97 7,209,255 94
their influence felt. The situation in the railroad system has
1,492,805 80
18.. 10,964,686 92 *16,561,661 79 119.249.274 87 7,263,267 17
been greatly changed during the last year or two. Practically
19..
2,907,865 43 117,594,569-63 7,098,553 29
1,088.447 31
to any
minion.
*
1
“
“
“
four
new
trans-continental lines have been added to the
ono
previously in existence, while between New York and Chicago
also have four new pieces that go to form, either
we
in whole or in part, through routes to
the seaboard.
With an almost equally great change in the facilities for
transportation in other sections, it is natural that capital
should take a conservative attitude toward investments in
securities of this kind until a little experience shall determine
how
nearly the growth of traffic will keep up with the in¬
in mileage. This is perhaps the principal cause of the
unwonted plethora of unemployed money in this country at
present, though the' continued redemption of United States
bonds has also added largely to the surplus of available funds.
The total redemptions during the week were $3,500,000, making
an aggregate of $19,310,000 of 3% per cents redeemed Under
the 121st call since August 1, leaving about $12,700,000 to be
redeemed between now and November 1, together with
$15,000,000 threes under the 122d call (issued this week) to be
redeemed on December 1.
There is consequently nearly
$28,000,000 ready to come out of the Treasury within the next
70 days.
All things considered, there is but little prospect of
the usual stringency this winter.
Rates for mercantile discounts continue unchanged at 517
and 6 for first class double-name paper for CO days and I
months, and 6 and 7 for single names. Time? loans on stock
collaterals are 4' and 5 per cent for CO days and 4 months.
The Bank of England gained £90.000 hi specie during the
week, and the reserve was increased to -{(»•% per cent, from
46% per cent last week. There was no change in the Bank
rate of discount, but the race in the general London market is
lower, and the prospect is regarded there as favorable to con¬
tinued ease.
The Bunk of France's weekly statement shows
a loss of 2,425.000 francs in goal and 925,000 francs in silver.
The following table shows the changes from toe previous
week and a comparison with the two preceding years in the
crease
>
averages
of the New York Clearing House hanks.
1883.
A.A 1
Loans anti dis. $328,792 500
Specie
59,879 500
Circulation...
15,533 LOO
Net deposits
317.911 500
24.337 030
Legal tenders
.
Legal reserve.
Reserve beld.
Surplus
Di
■t
ff'er’v ecs J) 'm
u'et k.
i.
lee .$1,202,5 00
fne
350,7 00
•) 00
Dee
In c
3.019,100
Dec
315,000
.
•
$79,477 875 rue
83,216 300 Inc
$3,738 425 Deo $
«
>
.
3754,7 75
0.
1881.
882.
>V. il. 1 3.
)yr: clous
’5* tj
—
r
l * 570 50/
632
571 200i
52
19
301
21
TOO;
S24
300'
811
400
$75
4 50 075,
7-4 44 4 100
$
O
^ o
•
*3
625 s :>o
65
19
316
14
079 700
7 > 5 soo
749 509
561 800
o ti
$79
197 375
79 6 41 500
!
749.0 75 (If.vl .Ol 1 .975'
4 •15 l
7 95
Exchange.—The posted rates for sterling have advanced
during the week, mainly owing to the scarcity Of bills, from
4 82i.7@4 8537 to 4 83(34 80.
The actual rates for both sterling
and Continental bills were also proportionately advanced. The
rates of sterling for actual business 011 Friday were as follows,
“
“
20..
21..
Total
*
1,406,083 14
1.772.594 81 117.625.210 77
6,791,400 48
1,440,889 69
995,507 83 117,977,099 78
6,884,892 93
123.386,930 45 J 24,930.020 07
ln.ouO.uuO was transferred from one account ou the books to another,
receipts include $600,000 gold certificates put into cash.
I Above payments include $620,000 gold certificates taken out of cash.
t Above
State and
Railroad
Bonds.—The market for railroad
bonds lias been generally dull during the week, and mainly
for the reasons explained above, as regards the conservative
attitude of all capital toward railway securities. Nevertheless
there has been some investment demand, and a majority of
the issues are from Y to 1 per cent higher. The Villard secu¬
rities have been an exception, and have declined, the greatest
fall being4% per cent in Oregon Trans-Continental firsts. The
following has been the range of quotations for the week in
the
principal issues, viz.: Chesapeake & Ohio firsts,
series
B,
at
94%, 95%;
do. currency Os at 48%,
49i<, 49: New York West Shore & Buffalo firsts ar
73" 741.7, 73%. 74%; Oregon & Trans-Continental firsts at
9287, 89 88: Northern Pacific firsts at 103%, 103 %, 102)7,
102
102%: Canada Southern firsts at 9-1-3 5, 90. 95/%: Atlantic dL
Pacific incomes at 28, 29, 27: Denver & Rio Grande consols at
99. 100: Texas &
1 83)7, 85%; Metropolitan Elevated firsts at 99.100:
| Pacific, Rio Cramie division firsts at 78%. 78%, 78%: Wabash
general mortgages at 70. 09: and New York Chicago oc St.
Louis firsts at 99%. 99%, 99%.
Transactions in State bonds during the week were confined to
Tennessee compromise at -1%% , 423%, *:k Louisiana, ex-matured
coupon. at 03: Arkansas Os funded at 12%: do. issued to Little
thick A Sort Smith PR. at 55. and Little
New Orleans RR. at 38-.'40.
Rock Pine Bluff A
Railroad and Miscellaneous Stocks.—The stock market
during the past week has been so entirely governed by the
movements of the two great factions of hulls and hears, who
attempting each, to govern prices merely by their
buying and selling from hour to hour, and without reference
to the value's or financial condition of the properties in¬
voked. that the legitimate buying and selling of investors has
been lost sight of.- The market is believed to be very largely
over-sold, but the’ bear party is probably one of the boldest
and most persistent that has been known in the market for
many years.
In the determination to break down the general
market their attacks were directed mainly at the Northern
Pacifies. Oregon & Trans-Continental, Union Pacific, Central
have been
The net result of
declines as follows, viz.:
Pacific and Louisville A Nashville stocks.
fluctuations during the week is
Oregon & Trans-Continental. G% per cent: Oregon Railway &
Navigation. 3: Northern Pacific common, 3 %; do. preferred,
4 %: Union Pacific, 2%; Louisville & Nashville, 2%; and Cen¬
tral Pacific, 1%.
Aside from these, the other declines, as com¬
pared with last Friday, are mostly fractional.
many
September
EXCIIANUE PRICES FOR WEEK ENDING SEPT, 21, AND SINCE JAN. 1, 1S33.
NE1VYORK STOCK
DAILY
STOCKS.
315
CHRONICLE.
THE
22, 18S3.
Monday,
Sept. 17.
Saturday,
Sept. 15.
LOWEST
AND
HIGHEST
PRICES.
Friday,
Sept/21.
Wednesday,1 Thursday,
Sept. 10.
Sept. 20.
Tuesday,
Sept. 18.
(Shares).
Lowest.
RAILROADS.
Chesapeake & Ohio
Bo
Do
Do
Quincy.
St. Paul
pref.
Chicago* Northwestern
Do
.
pref.
& Paciiic
Chicago Rock Island
Chicago St. Louis * Pittsburg
pref.
Do
Chicago St. Paul Minn. & Om.
nref.
Do
Cincinnati cand. * Cleveland
Cleveland Col. Cinu. & Ind ...
Cleveland & Pittsburg, guar..
Columbus Chic. & Ind. Cent..
2 Hi
21*2
123 “123*4'
Delaware Lackawanna &West.
Denver & Rio Grande
East Tennessee Va. & Ga
Do
pref.
Green Bay Winona & St. Paul
27*4
*
4
-’4
*0
123
123H2 12414
27 "h 28*e
28*8
814
8i4
814
15
7
15
151-2
8
50
551-2
83
00
10 :,4
*
17
1014
28 Hi *27 Hi
20'-2' *101-2
j*133
571-2
58
57
57 V
53*4
81*4
001*2
54 *4
8214
08 is
53*4
54 V
82*s
07*4
*10
*28
28
21
SI
00 V
*10
28
*18 Hi
l(ii-2
28*4
*101-2 21
1331-2 133i
134
10 Hi
20
1,700
1,900
101
05
135
1331-2 133H. *133
05
103
103
01*4
' 05
42
0514
135
3,000
88,151
CIO
800
887
150
175
*‘8*0*6
*133
135
100
100
i*23*4 i*22 V i‘23V
Vl'24 *H i23*1-2 i‘24«8 l'SS"
20 *4 27 V
20
185,150
8V
700
700
li
201-2
28*8
26*4
27*4
8
8
*8
15 Hi
*0 **2
8 H.
8
15 Hi
7 Hi
15
10
7
*0H2
40,197
27
8V
8
15 V
”*6 * .*.*.*!
7
Long Island
Louisville * Nashville
Louisville New Albany
Manhattan Elevated
Do
1st pref
Do
common
Manhattan Beach Co
TOO
100
TOO
105
*100
105
104
104
00
00
*01
07
(57
*(51
12*9 *4 120 129*4
120 !*> 120 Hi 120 Hi 120 Hj
801*2 80 Hi
80 V SO'V
8014 8OV5
251-2 2 5 Hi
*20"*20
20
20
20
201-2
22
22
*02
05
120 >4 120 '4
120:4
ios** i’oT*
102*8 103*s
1,900
981
2,730
100
162**4 10*1*’
103*4 104 7b
109,100
100
77
*75
51
'..
5
200
*58
01
120 V120 V
70 V 70 V
25 V 25*4
48 V
517*
50V
91,190
& Chic
700
21,5)00
53 V Feb. 9
90
Jan. 18
53
Feb. IO!
June 11
18
Jan.
4
48 V Jan. 20,
28
14
15
14
93
Aug. 14
10Hi Aug. 13
120
Feb. 15
50 V May 17
113 V Aug. 13
7
Aug. 13
17
Aug. 13
90
Aug.23
84 V Sept.20
28 V Aug. 13
72
Aug. 13
20 V Aug. 8
10,340
20,080
40
3,200
40,249
550
200
pref.
Do
’*3*3*7
New York Elevated
New York Lack. «fc Western
New York Lake Erie * West.
Do
pref.
New York* New England....
New York New llavcn* Hart.
New York Ontario
Western.
New York Susq. & Western...
87,000
..
100
3*5*40
135,002
455,755
pref
1.072
Ohio Central
Ohio & Mississippi
1,300
pref
100
Ohio Southern
-
231,785
2,183
Oregon & Trans-Continental..
Peoria Decatur & Evansville..
Philadelphia * Reading
Pittsburg Ft. Wayne * Chic..
Rich.* Allegh.,st'ck trust clfs.
51,000
200
300
pref.
200
33
:
22,755
pg.’i.V * <)•»
a,
*8
*
-J'J
35:yi
31 *4
J
,.!
100
I
31
j
'J'J--,,
31 *4 3u!.ji
35*4!
3*4
yv:,c
04
04
80 's 02 j
7
34-’s 35 V:
|
01
01
1
'
l
C--'
7
0
7
0
!
•>,! r.
12.028
21,850
1
:
050
400
'
i
79*4 100 v
20
08
97*4 June 10,
r:,i,
”tv
S2 V
”
3
j
'4
(5
/
S2 v
S3 V
_
1
1
‘"ft- t<7 j
isb V 82
00
!
00
01
120
i
'50
90
61
120
T32
13)
: 132
; S9*i S9:!| ! S9
135
SJ
.
j
j
OO
62
117 ’a 117 »•.1
1
133
i:’,5
j -S9
62
! r-i:o
*60
116 V 116 V 118
H*
SO V
'00
90
62
^
<
*4*0*6
4,700
lOjilOSV
hi
135
so
05
2 LI 50
j
1
015
j
120
118
1
I
-
126 1a
SS
05
‘rij
j 5512
110
1!
-2
270
*1
12
!
124
15
31
12
J
une
05
25
j 53V
102*4 119*4
| 37
19 Vi 30 V
j 55
•
‘4
12S* *j 103 V
32*4
8
40
Mar.
.Mar. 6
.J unc 1 J
70 V
149 V
90
02
97V
80 V
132
25
.
is'
27
19
V,
V Jan. Iff
Jan. 19
’
Yj '' .1 an.
15
4.
Jan.
Aug. ‘21
A ug. 6
Feb. 10
1 t
35 V -i
an.
H
Feb.
Feb.
280*4 July 21
*4 iuar.
a-
18
Jan.
3
/
-*«-» '
Vj
IV
15
13V
!
33
I to
18
Silver Cliff Mining
Standard Consol. Mining
Stormont Mining
O
ade at the Board.
-’8
t Ex-privilege.
200
5V Sept.
1
7;
7 V July 7
t Lowest price is
4
ex-dividend.
V
19*4
2V
| 20
V
4
V
-
30
2V
IV
13
!
prices bid and asked; no sale was m
93*8
O •>
<
18
270
14
48-V
1145
14 V
02 V
13.
-
10
74
? 32
125
;V
Jan.
5 135
Mar. 16
fill 1 u no 9
Mav 17 65 V J an. 6
oe;0 19” 12S j une 21
May
Mav
Mar.
\'V2 m
270
I 98 Vi 119*4
! 23r>„ 3978
J
1'
i
!
*4 Apr.
b’cb. 23 13 t
5 Co
v- J line 1 i
46 V
Aug. IS
88
V
71 * ■1 AU4. 10.
i
:
44
A ug. 1 1
*- s
117
i-
49,100
Hi
15
,
1
69 V J une 15
61 1 -Aug. 31
.1 U1 V 1 >v 140 V Aug. 30
12 L
i (i
19 A ug. ‘Jo 33 V Apr.
1031 8 Aug. 30 113 V Apr. i r
!
J
•25
an. 171
A: >. g.
15
.Tul v 26
r»r>
Mar. 13 1*25
•
r*1
»1
u,
Mar.
1
1
Aug.
77
J line 14
.2 I 150
12»
Sejd.
ini)
0
42*4
99 V
100 V
55
31
.is:
aM
Aug.29*. 27VJuuol4
Excelsior Mining.........
Robinson Mining...
50 V J une 21
100 V -I an. 11!
40V Jau. 9|
'
*
!
Pennsylvania Coal....
j
300
udd
1
Ontario Silver Mining
These arc the
Apr. ll!
an
36 V
50
94 V
40 7a
06 V
55
3L
43
30 V May 311
li
i
,,.r
263
j 29*
5 1
St Hi
-
135
135
110
108,092
1
!
50
'
[
Mining
.•
!
'....[
Cameron Coal
Central Arizona Mining
Deadwood Mining
June 191
103
250
17V
20 V
4|
Apr.
V J11 lY 25 21*4 June2!I
SOVAug. 13 104*4 Jan. Iff
15
Aug.lt, 30T Jau. IS
57 V Jau. Is
i A ug. 11!
.
i
:
00 *4*
say si-> Hr,
35 j 00 g <->1 -2'
St'-g. St
SI
127 ~ 127 V
V' 127 VI‘27
v 127 V
>2 120
1-2 127
227
120'2
12*
S3 V
S31-.
St
.!
!
88
H'-’
*>I
1*52*4 *13*2if 133 133 ! 132 T 132'2 132*4 132 >4 132 Hi *132V
23
23 j
23
23 j 23
23 j 2l
2o j
107 V1
107V107V 108Hj 103>4 107
107*4, 107 T 107 >4; 10. •> Ki-V
PU-8 18 V'
18'!s 18 >' 17 Hi 17*4' 1 w’l 16*4: D’Hj 120
j
120 |*110 120 ,TlO
II.>
J20 i-llO
120 ,*110
S.U..
.
:
01*4 92 V'
Oi
92V
0:5
| SS'-2
;
129 ' ig.i
1-JO
120
T'M
120 i
I1325
12.> 120
3.1-.
31*4' 35
'»9 ‘l
35V 35 »4 30*, j 37 >4 38*4
:;0‘d :is:’l
130
:
; 13:)
lot) V 130 130 j 120 120 | 130 130
1
; j•»■*>*
u
iiv
iio* 1*2*6
■
Wells, Fargo * Co
COAL AND MIN INC.
Consolidation Coal.
Homestake M ining Co
Little Pittsburg Mining
43*4
52
23
Julv 23
June 2
72
39
23
85
Aug. 13!
Feb* 20
15
Mutual Union Telegraph......!
New York * Texas Laud Co...
EXPRESS.
33 V
67
45
5
20
MISCELLANEOUS.
American Tel. * Cable Co
1
Bankers’ * Merchants’ Tel...!
Colorado Coal * Iron
Delaware * Hudson Canal
j 100
Adams
American
United States
*49 V
5
Jan.
tl03*i.Julv2l 109 V Apr.
13.400
00
...
Quicksilver Mining
Do
' pref
Western Cnion Telegraph
21V
'
'
-
91
Do
I
pref
St. Paul Minneap. & Manitoba
Texas * Pacific
Texas * St. Louis in Texas
Do
in Mo. and Ark.
Union Pacific.
....!
Wabash St. Louis* Pacific..J
Do
orcf.i
Pacific Mail
:
Pullman Palace Car
Jan. 4
Feb. 10
407gJau. IS
47
Jan. 13
21
Feb. 10
14
Aug. 11
Jan.
3
48
80
Aug.28
22 V A ug. 141
4 L
»Aug. 3 41
87 V Aug. 23!
0,250
St. Louis * San Francisco
Do
pref.;
1st pref.
Do
St. Paul * Duluth
Oregon I mprovement Co
Oregon Railway* Nav. Co
58 V
117
62
92 V
140
-
Richmond & Danville
Richmond* West Point
Rochester & Pittsburg
|
St. Louis Alton * Terre Uaulo
Do
129 V Mar. 1ft
15V Jan. 5
35
175
140 V
88 V
60 V
Jan. 9
168
186
May 28
169
20
V
317a
Apr. 14
19*4
5
May 10
21*4
May 10
14*4 Aug. 11
32
Aug. 14 49*4 Jan. 20, 44 V 60
35*4 Aug. 30 53 V June 14; 28*4 54V
66*4 100 V
08V Sept.21 90 V June 14
1W 25 V
14 V Apr. 13j
3 V Sept. 0
27 I 42
27
Aug. 14 36*4 Apr. 13
90*4 112
90
Feb. 10 112 V June I3i
23 V
7
July 24! 14*4 Apr. 24! 11
60
Jan. 19
98*4
53
Aug. 14 89
23
Jan. IS
39*4
12
Aug. 30 28
40*4 67 V
01V J une 15
40 V Aug. 27
130
139
Jan.
138
10
130
May 31
13
40
15 V Apr. 10
5
June 27
3* 6*8*5
pref.
Do
18;
89 V Mar.
141
128V
144 V
150*4
45
98
120 V
49 V 65
40 V 100*4
57
78
40
60 V
82
98 V
40
06
15
37
42 V
82 V
77
9377
105
13
21
*l*4 58 V
19
36*4
59
77
26V 42 V
86 V 112 V
12
35*4
119*4 128
47
87 V
138
jl23V
10 V 17V
27
37*8’
100
109 V
106 V Apr. 91
19 V Jan.
5!
129 V June 11 j
64 V Jan. 22j
105
29
3*6
30*4 Jan. 18
CSV Jan. 18|
34 V Jan.
41V
145 V
23V
8
Jan.
83
52 V
Jan. 16 183
Aug. 13 29 V
8V
Aug. 28
i‘i*5*6
Norfolk * Western, pref
Northern Paciiic
97 V
97 V
27
150 V
38 V 74 V*
8
16
15 V 26 V
6
16
45
110
72
1UV
196
208
01
92 V
127*4 150 V
3()*a June 30;
55
Aug.
19V Aug.
47
Aug.
21 V Aug.
729
110
Do
pref.
Missouri Kansas & Texas
Missouri Paciiic
Mobile & Ohio
Morris & Essex
Nashville Chattanooga * Kt.L.
New York Central & Hudson.
New York Chic & St. Louis..
New Central Coal
Aug. 14
Aug. I-'
Aug. 17
Feb. 21
Aug. 13
10
38
pref.
Do
Mariposa Land and
Maryland Coal
63 V
82 V
19 V
27 V
21
95 V
80 V
44* *73*’
June 15
Jan.
5
May 17 95 V Sept.14
80 V Aug. 27 100 V Jan. 19
.
Minneapolis & St. Louis
Do
89
88
70
Milwaukee L. Sh. * Western
Do
Aug. 13
Aug. 14
38
80
38
15
34 V
850
000
Memphis & Charleston
Metropolitan Elevated
Michigan Central
8
Jan.
21V Aug. 21 51V Mav 3
7
Aug. 14 11V Apr. 13
23
13 V Aug. 14
Apr. 14
5
Feb. 9 107e Apr. 12
38
Mar. 0 40*4 Jan. 17
72
Jan.
3 97*4 May 5
Jan. 29
190
Aug. 28 200
58
Aug. 24 82 V Apr. 5
June14
124
Aug. 14 148
Jan. 22
77
Feb. 17 81
35
V Apr. 9
19 V Aug. 14
33 V Jan. IS
18 V Aug. 13
98*4 Aug. 30 114 V Jan. 18!
00
Jan.
2 80*4 June 30
58 V Jan. 20;
40 V Aug. 27
Jan.
39 V J iuie 20 08
61
Hannibal * St. Josopli
Do
pref
Harlem
Houston <fc Texas Central
Illinois Central
Do
leased lino....
Indiana Bloom’n <fc Western ..
Lake Erie & Westeru
Lake Shore
84
00
High.
23*4 Jan. 20
Aug. 14 35 V Jan. 20
Jan. 22
Aug. 31 27
Aug. 15 137 V Jan. 22 127 V
115*4 Feb. 20 129*8 Apr. 13 120 V
96 V
07 V Aug. 14 108 V Jan. 20
110
Aug. 14 122 V Sept. 7 114V
119 V Aug. 14 140 V Apr. 13 124
137 V Aug. 14 157
Apr. 13 136
117 V Aug. 13 127 V Jan.
5 122
22
10 V Aug. 31
Apr. 21
38
Aug. 11 57*4 May 10
29*4
30*4 Aug. 13 55 Jan. 18
97 V
97
Aug. 14 113 V Jan. 6
44
38
May 22 49 V Mar. 9
05 V
Jan.
5
59
Aug. 14 84
133
142
Jan.
26
124 V Aug. 13
7 V Mar. 5
2 V Sept. 15
37e
118 V Feb. 10 131 V Apr. 13 116 V
*2*8*6
40V 41
102 V 102 V
411.1
41*4 41*4
10314 104
42*8
68 V
02 V
13 V
23
18
128
’
22,020
V*
48V Aug. 14
220
50
28
84*4 June 14
May 3
May 3
Jau.
71*4
19
8
Mar. 28[ 84*4
52 V Aug. 13 05 V
17,300
14,045
10,408
37,855
125
125 Hi 125 78 125 125*8 1*2*5** 125 V
105 V 100-V
lOOV 1057t
10fiSa!T05V
105 Hi 100 V 105V100V
121
121 Hi 121 Vj *121
121 V; 121
122
127 ;,8 12814 120 *s 127 Hi 120 V 127 V
128
140
*147 Hi 148
140*4 145V140
148
123 io' 123 V 123 V
124
123*8 123*4 123
*14
14 V *14V 15
*14
15
15
48
40 V 40 V *45
4 8 Hi 481-2
47
*151-2
*0 Hi
151-2
*7
08*4
05
133
05
05
081-2
541*2
821-2
CSli
59
55*s
82*4
55;4
1st pref ...
2d. pref—
Chicago & Alton
Chicago Burlington &
Chicago Milwaukee &
15
83
S3
I 83V 831-2
58 ti 59 V
58*4
57 V 58 V
54 *4
541*2
54 V 55
82
•-»
83
821-j
82
82 V
OS.1-2
(58
68 V
G81-2 00'a
*
10 1-2 10*4 *1(5
1 ti
10 *4!
'27 V 28V *271-2 281-2 *271*2
*H)io 20W -11)1-2 20 !*2 *10 Hi
133
133
|
125 V, 125 V 1251*2 ii>o“ 1251-2
105 V 100 lbi 105 7s 100 V 100
*121
1211-21 1211-2 12 LV '121 Hi
127is 127 V 1271-2 12814 127 *8
148
148ie 147 V 147 V 1471-2
124
*122
1231-2 1231-2 1231-2
*14
15
15
15
15
*44
*43
47
4(5
*40
41*4
42i*> 421-2
*411-2 421-2
103 “ 103*e I03n8
103
103
Low.
Highest.
78 V Feb. 17
Atchison Topeka <fc Santa 1 e.
Boston & N. Y. Air-L., pref...
Canadian Paciiic
Canada Southern
Central of New Jersey
Central Pacific
For Full
Year 1882.
Range Since Jan. 1,1883.
Sales of
the Week
1
2
4 V
1 W
23
40
245
37 V
IV
0*4
27a
4
2*4
19*4
rjfw;
316
THE
m,
CHRONICLE.
QUOTATIONS OF STATE AND RAILROAD BONDS AND MISCELLANEOUS SECURITIES.
STATE
AskJ
Bid.
SECURITIES.
1
81
—
1
6s 10-°0s 1900
?'1
f •»!
6s,
7s,
7p,
7s,
7s,
7s,
i
....
u
10
55
50
35
35
funded, 1899-1900
L. Rock & Ft. s. iss.
Memp.& L.Rock RR
L. R.P.B. & N.O. RR
Miss. O. &R. R. RR.
Arkansas Cent. RR.
..
12b
75
7b’ gold, 1890
SECURITIES.
Louisian a— Continued—
Ex-matured coupon
20
6s, due A886
6s, due 1887
6s, due 1888
6s,
6s,
6s,
6s,
gold,
gold,
loan,
loan,
6s, loan,
104
70
Ask.
Do
New
or
1890
Cmp’mise,3-4-5-6s, 1912;
Virginia—6s, old
1
A.&O
6s,
6s,
6s,
6s,
6s,
6s,
Special tax,class 1, ’98-9
’87
do
103
reg., 1887
coup., 1887
1891
1892
class 2
to \V. N. C. RR.
Western RR...
Wil.C.&Ru.R.
W’u. & Tar R.
Small
Ohio—
N.
30
Carolina—6s, old, J.&J.
6s, old, A.&O
33
32 b
30
Del. &
(Stock Exchange Prices.)
Ala.Central—1st, 6s, 1918
Alleg’y Cen.—1st, 6s,1922
Atcli.T.&. S.Fe—4b,1920
Sinking fund, 6s, 1911.
Atl. & Pac.-lst, 6s, 1910,
96
.
Guaranteed
Bur.C.Rap. & No.—1st,os'
Minn.&St. L.—lst,7s,gu
C.Rap.Ia.F.&N.—lst,6s)
1
Buf. N. Y. & Phil.—1st,6s
Central Iowa—1st,7s,’99
19^
;ib'6b
110
95 b
1908.J
!----
93
1
j
i
*98**
126
i
j
j
2d, guar. (188),7s,’98.
Mias.H.Br’ge—lat,a.f.6s
"91*4
...
102 b
88
125
"92**|
M.—la.t, 5s.
......
Central of N. J.—lat, ’90. *113
1 Q
1st consol, assented, ’99
1105
iat, reg., 1903
j
Huds. R.—7a,2d,a.f.,’85)
'*
j
2d, 6s, 1931
coup..)
Elov’d—lst,7s,1906|
1st, 6s, 1905
107
107
'
1*0*8 b
}j
J
..
Consol. 7a, 1905
f
93*4
91b
*102
130
2d, 5s, 1911
-
...
..
Kal. & W.
Det.M.&T.—1st,78.1906
Consol., coup., 2d,
I
120
j
1
Mil.&Mad.—1st,6s,1905
I
109 b HO
1114 b
95
I
:
i2*i *'
C.St.P.M.&O.—Consol.,6s
C.St.P.&M.-lat,6s,1918
!
116b
90
:
1!
.1
Ev.—1st,6a,
Evans.Div*., 1st,6s,19201
Detroit Div.—6s, 1921..
Cairo Div.—5s. 1931
97*4
Wabash—M.,7s, 1909..
Tol. & W.—1st, ext.,7s
1st, St. L. Div., 7s, ’89
West. Pac,—Bonds, 6s
So. Pac. of Cal.—1st, 6s.
Union Pacific—1st, 6s..
J^and grants, 7s, ’87-9.
Sinking funds, 8s, ’93.
1st, 6s, 1896
Den. Div.,6s,as’d,’99'
1st consol., 6s, 1919.!
C.Br.U.P.—F.e.,7s,’95
Ut.
1
So.—Gen.,7s ,1909
Extern, 1st, 7s, 1909
Pac.—1st, cons., 6s.
3d, 78,1906
Pacific of Mo.—1st, 6s
2d, 7s. 1891
Mo.
116b
!j
!
92
St. L.&
11
!|
ij
S.F.—2d,6s,cl. A
3-6s, class C, 1906
3-6s, class B., 1906
1st, 6s, Peirce C.&O..
Equipment, 7s, 1895..
Gen. mort., 6s, 1931..
*
Div.—1st,6s,1921!
2d, 3s, 1980
5s, 1907
Kans. Pac.—1st,6s,’95
At.C.&P.—1st,6s,1905
At. J.Co. &W.—1st, 6s
Oreg. Short L.—1st,6s
j ii8b
99
*92
101*4
1*0*4"
So. Pac. of Mo.—1st
Tex.& Pac.—1st,6s,1905
..
Consol., 6s, 1905......
ioo”
82
10
76b
......
104 b
78
86b
*78** **8*6“
100 b
106
106 b
97
98b
98 b
......
**8*5*‘
82
103
98
104
Naples—1st,7s
Ill.&So.Ia.—lstEx.,6s
1*05 b
...
95
95
84
1*19
No. Missouri—1 at, 7s.
West. Un. Tel.—1900, cp.
......i
Oregon RR. & N.—1st, 6s
106b' 107
114 b’114b
1900,reg
113*4'114
N.W. Telegraph—7s,1904
(Mut. Un.T.—S.F.,6s,1911
84*4' 85
INCOME
BONDS.
(Interest payable if. earned.)
Ala. Cent.—Inc. Gs, 1918.
Alleg’y Cent.—Inc., 1912.
'110
104*4ll05b
112b 112*4 Atl. & Pac.—Inc., 1910...
109b'
Central of N. J.—1908
I
115 b'
Cent. la.—Coup.debt
27
92 b
ctfs.j
Ch.St.P.&M.—L.’g. inc.,6s
Chic. & E. Ill.—Inc., 1907
DesM.&Ft. IX—lst,inc.,6s'
108 b Det. Mac. &
108
Marq.—Inc..
107 *4 108
IE.T. V.&Ga.-111c. ,6s, 19311
108 b! 108
E1.C.& No.—2d, iuc.,1970!
1
4*9
30
18*
;G. BayW.& St. P.—2d,iuc.
Ind. 1*1. & W.—Inc., 1919*
Consol., Inc., 6s, 1921..!*
90
00
I| ind’s<I)ec.&
Spr’d—2d iuci
97 b;
97b;
TrustCo. certificates...:
7g 100
100
92
22
jj
*44*
97
105
105b iLeli. & Wilkesb. Coal—’88:
101 b
j Lake E. &
W.—Inc.7s, ’991
1
104
Sand’ky Div.—Inc.,1920 *
112
1*05 b
Laf.Bl.&Mun.—Inc.7s,’99
.
j
112
*97
*96
96
j
97
|
78
Mil. L. S. & W.— Incomes'
Mob. & O.—1st prf. debeu.
2d pref. debentures
3d pref. debentures
4th prof, debentures
69
40
25
70
i
10*2 b
104
1*02* *1 N.Y.P.&O.—lstinc.ae.,7s
Ohio Cent.—Income, 1920
103
j Min’l Div.—Inc. 7s,1921
105
92
I
Ohio So.—2d
I
Ogdons.&L.C.—Inc., 1920
72
,
12 b1
48
*20
iuc., 6s, 1921
lat, con., 5a, reg., 1932.
55*4, Peoria D.&Ev.—Inc.,1920
j LouisV.C.& L.—6s, 1931 105
I
lat, RioG. Div.,6s,1930
Chic. & Atl.— 1st, os, 1920
78b! Evans. Div.—Inc., 1920
i L. Erie & W.—1 at, 6s, 1919 *-•
95
Col.& Green.—1st,6s,1916 "95**
Peoria&Pek.Un.—Inc.,6s
i Sandusky Div.—6s,1919 *
98
|i Pa. Co’sgu>ir. 4bs,lst c.
2d. 6s, 1926
Roch. & Pitts.—Inc , 1921
87
: |Laf. B1.&
M.—1st,6s,1919
95
96
Col. H.Val.& Tol.-lst, 5s *80
Registered, 1921
95*6 Rome W. & Og.—Iuc., 7s.
80 b Louisv.
98 b 98b'! Pitt.C.&St. L.—1st, c.7s
N.Alb.&C.—1st,6s
f
Del. L.&W. —7s, conv.,’92 *112
So. Car.Ry.—111c.,6s, 1931
jManhat.B’cliCo.—’7s. 1909
79
1st, reg., 7s, 1900
Mortgage 7s, 1907
St.L.&I. M.--1st,7s, pr.i.a
*123 b
N. Y.&M.B’h—lst,7s,’97
2d,
7s,
1913
i
SVT.Bing.& N. Y.—1st,7s 123 1127
2d, 6s, iut. accum’lative
Marietta & Cm.—1st, 7s.
Pitts. Ft; W. & Ch.—1st 137
Morris & Essex.—1st,7s 136 b 137 b
St’g r.&Ry.-Ser.B.,inc.’94
Metr’p’lit’n El.—1st,1908 100 101
*
133 b
2d, 7s, 1912
! 115
2d, 7s, 1891
i
Plain incomes, 6s, 1896.
2d, 6s, 1899
89
131
3d, 7s, 1912
Bonds, 7s, 1900
; Sterling Mt.Ry.—Inc.,’95
*112b'115
Mex. Cen.—1st, 7s, 1911.
Clev.
&
Pitts.—Cons.s.f. *..
!04
7a of 1871, 1901
St.L.A. & T.H.—Div. bds.
; 120*4'
Micli. Cent.—Con.7s,1902 123 b
4th, sink, fd., 6s, 1892.
1st, consol., guar., 7a.
123
Tol.Del.&B.-Inc.,6s,1910
Consolidated 5s, 1902
no2b
St.L. V.&T.IL—lst,g.,7s
N.Y.Lack. &W._ 1st, 6s 115b1
Dayton Div.—6s, 1910..
6s. 1909
2d, 7s, 1898
Pel. & H.—1st, 7s, 1884.. 102 b 103
Tex.&St.L.-L.g.,ine.l920
Coupon, 5s, 1931
"99b
2d, guar., 7s, 1898
Gen. L. Gr.& Inc.—1931
78,1891
113 b
Registered, 5s, 1931
Pitta. B.& B.—1st,6s,1911
*75
!,iTex.&St.L. in Mo.&A.-2d
*
No price Friday—these axe latest
quotations made this week.
t Coupons on since 1869.
95-V
j
62
70
*6*8
St.L.K.C.&N.—R.e.7s 1*04 b
Ora. Div.—1st, 7s
*107
Clar’da Br.—6s, 1919 *80
St. Chaa. Br.—1st,6s
80 b
88 b
90
----
52
*
2d, 7s, 1893
Q. & T.—1st, 7s, 1890.
Han.&
Income & Ld. gr., reg
|
ioi
10
2d, ext., 7s, 1893
Equip, b’ds,7s, 1883..
Pac. R Its.—Ceil.
P.—G.,6s| 11
San Joaquin Branch..I 106
Cal. & Oregon—1st, Gs 102
State Aid bds., 7s, ’84 101
103
Land grant bonds, 6s. 105*4 106
121b
L.
Leban’n- Knox—6s, 1931
Peoria Dec.&
j
*i‘iib
Pensac’laDiv.—6s,1920|
St.
S.&N. Ala.—S.f.,0s, 1910
Trans’l—6s,’82-1922
Oreg. Imp. Co.—1st, 6s...
Panama—S.f.,sub.6s, 1910
do
Nasliv. & Dec.—1st, 7s.
97
Or.&
i
io’7*’j
,7s, gold, 1883
Ceeilian Br’cli—7s, 1907 ;*jo2
*102
N.O.&Mob.—lst,6sl930
E. H. & N.—1st,6s,1919 |
98 b
General, 6s, 1930
; 91b
*1:6*4
Consol, conv., 7s, 1907
Gt, West.—1st, 7s, ’88
81
1*26
108 b 110 b
112
111
Ind’polis Div.—6s, 1921
103*4
Registered 8s, 1893... 115
Collateral Trust, 6s... ’105
7s.| i20
120
2d
Oreg’n&Cal.—1st,6s,1921
105 b
Consol., reg., 2d, 7s...
Long Isl. R.—lst,7s, 1898
1st consol., os. 1931
!
Louisv. & N.—Cons.7s,’98
Central—1st,6s,1920
1st Ter’ITr., 6s. 1920...
1st Min’l Div., 6s, 1921.
Ohio So.—1st, 6s, 1921
I
Lake Shore—Div. bonds
Consol., coup., lat, 7s. j 121
Consol., reg., 1st, 7s. J
.
C.C.C.& Ind’a—lat,7s,s.f.
Consol. 7s, 1914
1
81
Pigeon—1st.
k
<
....
Ohio
11*6"!
Clove. & Tol.—Sink. fd. ! 104b
New bonds, 7s, 1886.. *107
Cleve. P. & Ash.—7s....
k
Buff. & Erie—New bds. |*
108
ii’5*b
'
L.Sh’re-M.S.&N.I.,s.f.,7s !
*
St.P.&S.C\—lat,6s,1919
Chic.&E.Ill.—lat,a.f.,cur.
Chic.St.L.&P.—1st,con 5s
72
92
104
-
i'34
Consol, bonds, 7s, 1915.
bonds, 7s, ’80
104
lat, 7s, 1885
Coupon,gold, 7s, 1902.. 123 b 124
1*122
Reg., gold, 7s, 1902
Sinking fund, 6s, 1929. *110 ii2
Sinking fund, 5s, 1929. *103 78
Sinking t’d.deb. 5a, 1933
Sinking fund, reg
Eacan’aA L.S.—1st, 6s.
Des M. & Miu’a—1st, 7s
Iowa Midland—1st,8s.. 125
Peninsula—1st,conv. 7s 120
122
Chicago & Mil.—1st, 7s.
N. Wis.—1st, 6s, 1930..
69
-1! Int.& Gt.No.—1st,Gs,gold i'oob
109
9lb
91b! Coupon, 6s, 1909
80
80
Kent’Ky Cen.—M.,6s,1911
-
;
i
86
2d, 6s, 1909
Dakota Ext.—6s, 1910..
1st, consol. 6s. 1933
Min’s Un.—1st,6s, 1922.
St. P. & Dul.—lst.5s, 1931
!So. Car. Rv.—1st, 6s, 1920
Va. Mid.—M.inc.,6s,1927
Wah. St.L. & P.—Gen’l,6s
Chic. Div.—5s, 1910
Hav. Div.—6s, 1910
Tol. P.&W.—1st,7s,1917
Iowa Div.—6s, 1921...
116
116
Consolidated 7s, 1898
2d consolidated 7s, 1911
1st, Springfield Div., 7s
| Peoria & Pek. U’11—lst.Gs |
'114**1
19jjtl.. ! *31
Indianap.D.&Spr.—1^1,7 i 103
Extena’n
Win.& St. P.—1st,7s,’87
2d, 7a, 1907
’j| ’•
1st, 4-5-0s, 1909
2d, 4-5-68, 1909
East’11 Div.—6s,
.
110 b
94 b
92
-
"90*-8
*104
! 104*4 105
Ced. F. & Minn.—lsX7s
»i
I ml. Bl. & W.—1st
prf. 7s
w.
!
Miu’l Ft. Div., 5s, 1910.
C.& L. Sup.Div.,5a,1921
Wis. & Min. D., 5s, 1921
2d, 6s, 1907....
Gold, 5s, 1951
2d Div., 7s, 1894
12 i
106*4
115b 117
.
*99*8
Registered, 6s, 1921....
104*8 104 b
103
Bellev. & S. Ill.—1st, 8s
St.P.Minn.&Man.—1st,7s
1st, Dayt. Div., 6s, 1910
1st, Ter’l trust, 6s, 1910
*
Norf. & W.—G’l, 6s, 1931.
New Riv’r— 1st,6s, 1932
Ohio & Miss.—Consol, s. f.
......
..
95 7e **9*6"
129
116
117
N.O. Pac.-lat, 6a, gM1920
111
Conv., assented,7s,1902 113 b
i*10o b I
1st, West. Div., 7s
]
Adjustment, 7s, 1903... ’105b
1st, Waco & N., 7s
111b
1104
2d consol., main line. 8si\ 124
Leh.&W.B.—Con.g’d.as
.1.25
;
90
91
Am.D’k&Imp.—5s, 1921
2d, Waco & No.,8s,1915;
C.M.& St-.P.—lat, 8a. P.D. 129 b 129 b
'ioo
General, 6s, 1921
2d, 7 3-10, P. D., 1898.. 119 b 123
lions.E.&W. Tex.—1st,7s
105
1
lat, 7a, $ g., R. D., 1902. 124 1125 b
2d, 6s, 1913
117
b
124
lat, LaC. Div., 7a, 1893.
Ill.Cent.—Sp.Div.—Cp. 6s; mb;"::::
119
1120
Middle Div.—Reg., 5s..
*119 1...
C.St.L.&N.O.—Ten.l.,7s y.y.'.xv.v/.
120 j
1st consol.. 7s, 1897
1*23
lat, H. & IX, 7s, 1910
Ch. & Pae. Div.,6s,
1st, Chic.&P. W.,5s, 1921
..
......
"83" "8*5"
W.&S.P.—lst,6s
I Gulf Bay
Col. &S.Fe-7s, 1909l>
106 b Han.&St.
Jos.—8s, conv..,
114 j
Consol. 6s, 1911
||
IIOU8.& T.C.—lst,M.L.,7s
,!
121b
*103
2d, 7a, 1884
120
lat,7a, I.&D. Ext.,1908
8. W. Div., 1st, 6s, 1909. 106
So.—lst,int.g’ar.5sj
129b
129 b 130 b
,,,
Gr’n
125
105b 106
.
.
107 b
103 b
2d, pref., 7s, 1894
2d, income, 7s, 1894,
102
,
85
C. R. I.& P.-6a,cp.,1917
6a, reg., 1917
Gen. r’y& 1. gr., 5s, 1931
St. L. Alton & T. H.—1st. *111
Deb. certs, extd. 5s..
N.Y.C. & II.—1st,cp.,7s
132
95
106-b
106
106b
74 b 75b
! 2d, 6s, 1931
‘*6*6”
Y.C.&N.—Gen.,6s,1910j *3*6**
ITftx.Cen.—1st,s.f.,7s,1909, 1*0*6
*35
50
j TrustCo., receipts...... ^35
! 1stmort., 7s, 1911
! 106
106
*102
N.Y. & New Eng.—1st, 7s*102
Tol. Del. & Bur.—Main,6s'
25
l)~
j
j|
65
Cairo Ark. & T.—1st, 7s
N. Y. Central—6s. 1887..
Harlem—1st. 7s,
75*8
96b
96
......
105
117
100
Can.
Rich.& Danv.—Cons.g.,6s
Debenture 6s, 1927.....
*63*'
-
99 b
N.Y.C.&St.L.-lst,6s,1921
N. Y.L.E.&W.-New2d (>j ---87
90
2d, 6s, 1923
Buf.&S. W.—M. 6s, 1908, - •••••
74
74 b
N.Y.W.Sh.& Buff.—Cp.5s
95
Ev. & T. H.—1st, cons., 6s
*9*7** N.Y. Susq. & W.—1st, 6s 81
81 b
Mt. Vei n.—1st, 6s. 1923
*62
Debenture, 6s, 1897
*111
Fl’t &P.M’rq.—M.6s,1920'rlll
94
95
Midland of N.J.—1st,6s
»
102
I Gal. Har.& S. Ant.—lst.Gs 1 il> b 103 b! N.Y.N.H.& H.-l st,rg.,4s "103
108
109 b :Nevada
2d, 7s, 1905
Cent.—1st, 6s
93
Mex. & Pac.—1st, 5s.
IN. Pac.—G. 1. g., lst.cp.6s'’ 1023a 102 -8
128*4
C.B.&Q.—Consol. 7s,1903
5a, sinking fund, 1901..
5a, debentures, 1913
la. Div.-S. F., 5a, 1919
S. F., 4a. 1919
Denver Div.—4s, 1922..
Plain 4a, 1921
-lib
N. Y.
i N. Y.Pa.&O.—Pr.rn.6s,’95i
124 b N.
.,*115
Long Dock b’ds, 7s, ’93.*11»
Buff.N.Y.&E.—1st,1916;5; 130
I
102b 103
88
SciotoVal.—1st, cons., 7s.
St. L. & Iron Mt,—1st, 7s i*i2b
80 b 81
106 106b
107
54b 59
*107 b 1*0*9
Nash.Chat.&St.L.—lst,7s
2d, 6s, 1901
|
..
gold, 7s,
fd. coup., 7s..
Reorg., 1st lion, 6s, 1908
1898.....
!■
96
i
,*109 b
1920. ; 124
1st cons.,
1st cons.,
,119
6t.L. Jack.& Chic.—1st: i-o
1st, guar. (564),7s,’94
Keo. & Des
49*4
,
109
2d, 7s, 1900
(foO), 7s,
1st, 6s, 1920
EUz. Lex. & Big S.- 6s..
116
La. & Mo. Riv.—1st, 7s. j
2d
10 b
102 "
,
v;
!
'
6a, gold, aeries B, 1908.;
6a, currency, 1918
Mortgage 6s, 1911
Chicago & Alton—1st, 7s.
Sinking fund, 6s, 1903. j
,
,,
!
!
Atl.&Ch.—1st, p., 7s.,’97
Incomes, 1900
Collat. Trust, 6s, 1892..
Morgan’s La. & T.—1 at, 6s
1 88
}!
118 b
------
H. & Cent. Mo.—1st,’90
Mobile* Ohio.—New, Gs.
I 68
67
,
120
114
,
)\ 118
113 1::::::!
j E.T.Va.&G.—lst.7s,1900;
1st, cons., 5s, 1930
j 72 ! 72b
1°7
80
East. Div.—1st, 6s, 1912
Char. Col. & Aug.—1st,7s
Ches.& Ohio—Pur. m’vfd.'
6a, gold, series A,
!
-----
i!
110
110
Rome W.&Og.—1 st,7s,’91 *107 b
Con. 1st, ex. 5s, 1922...
67
92b Roch.& Pitt.—1st,6s,1921 107
101 b 101b Rich. & Al.—1st, 7s, 1920
74
Jack.Lan.&Sag.—6s,’91
87
100
1st consol., 7s, 1910
Denv.So.P.&Pac.—D
Den.& RioG.Weat.-l
Det.Mac. & Marq.—1
98 b
Land grant, 3 bs, S
IowaC.&West.—1st,7s
14>.
108b
110
BONES.
Midi. Cent.—Continued—
1,
......
108 V
io8b;
small
registered...
Do
Mil. & No.—lat, 6s, 1910
Coup., 7s, 1894
|**
11«
118
Mi 1. L. S. & W.—1 at, 6s, 19 21
Reg., 7a, 1894
*
123
124
b
lat, Pa. Div.,cp.,7s, 1917
Minn.&St. L.—1st,7a,1927
1112
Alb. & Susq.—1st, 7s...
IowaExt.—1st, 7a, 1909
105 *4
2d, 7s, 1885
2d, 7a, 1891
1st,cons.,guar.7s,1906 *124b
S’thw.Ext.—lat,7a,1910
1st cons., 6s, 1906
Pac. Ext.—lat, 6s, 1921.
Rena. & Sar.—1st, coup. 134 b
Mo.K.&T.—Gen.,6s, 1920
lflt1 TGGT 1921
|
|......
Cons. 7s, 1904-5-6
Denv.& Rio’Gr.—1st,190*6 l09b 110
Cons. 2d, income, 1911.
Balt.&O.-lst,6s,Prk.Br. |*114
Boat. Hartf. & E.—1st, 7s,
f*
1st, 58,1921
H.—Continued—
lat, ext., 7s, 1891
deferred
Do
6s, coupon, 1893-99
Railroad Bonds.
1866
1867
consol, bonds
ex-matured coupon.
consol., 2d series
Registered
Funding 5s, 1899
6s, 1886
Rhode Island—
RAILROAD
new,
new,
District of Columbia—
3-65s, 1924
Small bonds
Consol. 4s, 1910
1893
Ask.
...
1868-1898
Chatham RR
Do
Do
Do
Do
Do
Bid.
6s, Act Mar. 23, 1869 \
non-fundable, 1888. >
Brown cousol’n 6s, 18931
Tennessee—6s, old,1892-8i
6s, new, 1892-8-1900
6s, new series, 1914
1
bonds, J.&J., ’92-8
Do
SECURITIES.
South Carolina—
Funding act, 1866-1900
Do
New York—
1886
Bid.
N. Carolina—ContinuedNo Carolina RR., J.&Jt
Do
A.&O
t
Do 7 coup’s off, J.&J.
Do 7 coup’s off, A.&O.
Missouri—
6s, due 1889
*5*6*
19
Aionisiana—
7s, consol., 1914
7Sp small
Ask.
Asyl’m or U nir.. due ’92
Funding, 1894-95
Hannibal & St. Jo., ’86.
Connecticut—6s, 1883-4..
7s new, 1886
7s endorsed,
Bid.
BONES.
I Michigan—
1
7s, 1890
r’lQflia r1
A rb-oriun
SECURITIES.
i
AlabamaClass A, 3 to 5,1906
OlasS A 3 tn 5, small
Class B 5s 1906
'■
[vol. xxxm
44
*25
'
*
*4*6*
.
■
..
fH:
i:
......
30
-
RAILROAD EARNINGS.
The latest
totals from Jan. 1 to
railroad earnings and the
Latest
Average amount of—
or
1882.
1883.
Mo
S
73.794
$
90,219
Ala.Gt.8onthern August....
1,167,987 1,117,003
Atch.Ton.A S.Fe July
62,392
59,860
Btir.CedlR.ANo. 1 st wk Sept
60,000
117,000
Canad’n Pacific. 2d wk Sept
165,914
Central of Ga... July
171,800
97,550
120,333
Central Iowa.... August....
Central Pacific. August.... 2,282.000 2,330.557
381,454
382,114
Cbesap. A Ohio. August
225,334
229,652
Chicago A Alton 2d wk Sept
1,324,705 1,625.006
July
38.200
2d wk Sept
36,403
Wk Sept. 8
50.672
61,277
436.221
2d wk Sept
515,000
2d wk Sept
584,800 '5 46,700
113,200
2d wk Sept
120,000
44.578
4 til W if Aug
50,892
237.496
212,691
Cin.Iud.St.L.AC. August....
223,334
241,133
August
38.992
3d wk Aug
45,929
14.922
11,433
1st wkSept
371,007
329,156
Jun~;
32,444
19,974
22,1)48
July
139.800
Pennsylvania
..
2 276,695
2,Hi,190
170,940
135.831
2,669,653
2,078,539
71.301
54,261
16,502
451,366
305,401
617,665
Sept
Sept
Sept
Sept
1st wkSept
wkAug
2d wk Sept
2d wk Sept
8t. P. Minn.A M. Lid wk Sept
So. Pae.Cal. N.D May
Do So. Div. 1 May
Do Arizona J. May
Do N. Mex*. May
Scioto Valley.-.. July
South Carolina July
Tol.An Ar.AG.T. June
Tol. Cin. & St. L. 1st wkSepf
Union Pacific...j lOdvsSept
Utah Central... June
Vicksb’rgA Mer. August—
Wab.St.L.A P... 2d wk Sept
West Jersey
July
*
265,810
10,473
313,677
263,339
Cent.} 1st wk Sept
10,582,696
256,916
215,510
57,661' 1,741.867
199,935
25,543]
1,512,328
8,326
33,5351
170,370; 4,541,812
49,387! 1,346.733
70,972
70.295
21,641
72,822
34,502
250,895
40,232
1.334.906
2,12 s, 121
2,013,724
1,701,896
852,674
603,127
aii’iVo
255,967
495,125
634,335
785,749
586.429
678.814
577,92 i
79,518
2.475.605
4,957,590
4.040,981
2.166,583
5,162,948 4,747,085
4,155,216 3.179,1 10
708,605 >4,039,499 19,961,919
137,475 1.253.605 1,151,596
189.787 1,514,115 1.357.605
1,681,798 8,109,916 7,543,929
346,490] 2,315,109 2,177,413
376,680
554,63 4
63,022!
47,047!
58,2041
90,169
474,524
484,534
3,419,138
3,072,245
228,650
61,900
178,000 5,793,704
60,400,
4,436,599
708, l
lV
273,106
655,449
241,731
436,212
2,221,415
79,573
1,778.67 7
260,115}
403,796
493,932; 3,230,00 L 3,220,L 31
496.950
4,130.950 4,149,150 >3,433,529! 26,799,997
530,392
472,266
14,3711
18,087
377,206 2,272,270 2.102,370
329,032
2.979,091 2,026.159 13,914,954 11,557,955
1,439,747 1,422,33 li 8,611,55 t: 7,691,724
151,400] 2,409,082; 2,32\915
131,000
439,946
518,063!
110,126
13,958
431,289
463,636!
[10,030
19,276
956,318
t24,157
123,172 1,103,492
234,457
151,661
t 2,352
t 0,853
7.161
21,890
148,287
141,956
83.301
92,260
18,415
22,742
938,965
910,238
30,2 43
27,710
570,518
536,277
18,316
16,770
236.718
247,743
8,8S9
10,674
8 4,466
80,646 2,515.367 2,376,205
679,474
865,750
23,851
31.194
189,781 5,479,597 5,670,775
167,700
411,149
437,462
110,007
104,364
382.875
241.802
354.156
256,581
1,741,659
1.047,250
77,785
47,526
75,044
95,351
328.197
239,944
32,500
45,462
708,309
80,975
68,461
1,692,487
1,165,922
319,381
285,961
646,783
72,000
8 14,000
79.829
947,000 19,476,766 19,702,278
774 543
131.2371
574,480
32,204
269,109
294,490
385.144!ll.224,l 19 11,426,074
411,530
i73,147
27,5711
164,888}
24.265
I
656,002
579,656
941,350
i Included in Central Pacific
1.428,500
249.200
520.100
375.300
184.600
3,086,600
9,09 >,400
233.300
200,000
.
North America.
Hanover
Irving
Metropolitan
...
Citizens’
Nassau
Market.
St. Nicholas
Shoe & Leather.
Corn Exchange.
Continental
Oriental
Marine
Importers’ & Tr.
Park
Wall St. Nat
North River.
East River
Fourth Nat’nal.,
Central Nat
Second Nation’l
Ninth National.
First National..
Third National.
N.Y. Nat. Exch.
...
700.000
1,000,000
500,000
3,000.000
600,000
500,000
500,000
500,OOC
1,000.000
300.000
400.000
1,500.000
2,000.000
968.600
3,084,500
372,000
118,100]
380.700
496.500;
4*9,000;
233.100,
159,900]
489.200!
2,227,000
2.582,000:
242,390
57,600!
497,000
239,000
443.100]
195.000;
118,200;
287,100
5.753.200 1,593,000
115,700;
2,041,100;
727,000i
3,42 7,000 j
300,500]
17,000!
215,000j
11,246,000
11.653,800
4.5954.800
7,073,: 00
2 321,200
3, '.40,700
3.975.500
1,82 ,300
2.985.200
10,13.3,000
3,069,900
8.589.200
2,-160,600
2.455.800
2,432,000
1.844.500
3,042,090
3,410.000
6,612.100
908.500
892,000
701,000
iho.6'66
45,000
5,400
96,666
380,000
2.132.100
264,300
425.500
456.666
4,600
450,000
1.966.000
276.666
304,000
3,984,100
580,500 21.952.900
19,985,900, 5,005,900!
17,788,90 ! 4,334,300 1,205.600; 22,005,300
80,000
1.750.500
329.100
1,758,«00
500.000
1,579,000
1.139.600
210,000
250.000
3.200.000
2.000.000
3,542,000
1,000,OOC
4,776,5i)01 1.208.100
,"43,400
1,715,0001
.
71,000
2.213.600
572 200
1,289,060
355.900
95.300
277,000
198,1)00
62.200
141,900
60.400
95,200
66 000
] 04.91.0
1.851.100
1,653.890
7.-0,300
2,155.000
557.200
•
1.8t7,100|
200,000
229,700
360.000
297,009
45,000
600,000
294,900
270,666
1,091,000]
1,807,509]
184.300
130,000
7s'0.80 >
4,121,600;
1,976,300,
5,522.209
180,000'
870.500
2,498,0001
200.000
200,000
500.000
300,000
916.600
645.100, 15,059,009!
4 74,300
5,200,200!
114.900
278.900
426,000
l,39i,600]
100.0 >0
1,583,000]
17,627,900)
1,33s,ooo! l,l27,OOOi 8,643,000]
370,000
4,247,000
749,000,
751.100]
337,509] 5.231,700,
5.709,000
14,006.600| 3,188.409
1
1.321.100
45,000
1,234,500'
3,311,900
16,7 SI.600
7,7 73,000
300,000
250.000
2UO.OOO
75 '.000
3 -O.o-JO
97,700 i
14d,100
300.00C
750.000
500.000
Bowery Nat’nal.,
N. York County,
ierm’n Am’c'n
281,700
774,200
244,900
45,000
2,600
531,400
10,400
2,223.300
2.919.900
4.623,000
786,766
2.755.600
1,635,900
1,110,000
991,700
199,800
193.400
72,000!
2,409,800
l.IOO
251,600
1,375,400
317,8'JO
610,210
583.900!
330,366
15.435.900
2,903,000
1,600,000
1,700.000
12,101,200! 1,851.000,
257,000!
2.464.100
500,000
1,000,000
.
89,900
42 >,600
410.400
ISO,600
69,800
88,000
135.700
329,000
P.1,000
1)8,400
1,578,000; 1,123,800
2.899.200
225,090
180,000
45,666
5.566.500
2,146.2 )0[
2,130,: 00
2,177.300!
5,839.700
446,800
45,000
178,690
1,911.400]
614,0001
! 15,533.400
Total
The deviations from returns of previous week are as follows:
Inc. $3,019,100
In :. 11,202,500 Net deposits
Dec.
7,300
Specie
Inc.
350,790 Circulation
315,009
Dec.
Legal ten lers
The following are the
825 889.000
Sept. 1
*•
8... .327.5if0.3U0
“
15....3*8,792,590
Boston
15.6D.890
645.021.546
15.540.700
15,513,490
739 782,90?
earnings above.
18S2.
25,207.890
Specie.
*
L. Tenders.
*
Sept. 3..
4,213.300
Deposits.* Circulation. Ago.Clear.
*
*
*
88,323,900
follows:
Loans.
Lawful Money.
Deposits.
$
*
*
“
“
78.107,641
Unlisted
Securities.—Following
Am. Railw’y Imp.CoEx bonds and stock.
Atl. A Pac.—6s, 1st—
....
gr’tbds
Am. Safe Deposit per¬
petual deb’ure bds. LOO
E.—Now st’k
Old.
Buff. N. Y. A Phila...
Pref
Chic A Atl.—Stk
do beneficiary
1st morfc
34
J4
*;
ii>«3
32
12*2
07*2
North Pac. div. bonds.
90
No.
95
3
42
71&
Mexican Bonds—3 p.c.
Mexican. Nat
3634
1st mort
16
....
....
'70
14
....
....
Sel.,R.AD.8t’k,Bt’mp’d
4
....
do 1st mtg.bds.,’80
do
’82
do
do
do
’80
2d
do
do
’82 c
do
do
do Incomes
St. Jo. A West
14
....
8
ex-bd
Tex. A St. L
Subs
ex-bonds
bonds in Texas'.
12*3
—
25
gra’tAinc.bdsiu Tex
17*2
34
....
15.
1 Tex.&Col.Imp.—OOp.c
i
38
100
18
71
18
Rutland RR
Pref
;
....
12 >4
....
....
1st mort
225
9L3
N.col.trust bds ’82 73*2
Lehigh A Wilkesb. Co. 11*2
Keely Motor
....
Rioh.AD.Ext.subs.70;*
Roch.APitts. cons.,1st
“fig
93**
5s
j
....
llO^
Stk
del.wh.iss.on old sub
quoted at 33 New Street:
ered w lieii issued
Subs. 90 p. c
Subs, ex-bd. A stk
Pensac. A Atl
1st mort
A
Pitts. A Western
!
OOig
Certs..
SU.O.-l.lao
00,251.984
891a
Kiv.Const.—lOOp.c 85
N. J. A N. Y
1 h1
Ohio C.—Riv. Div. 1st. 40
Incomes.
5:U
^8
108 !g
39
guar. 1st
I. B. A W. inc. bds
9.297.071
Oregon Sh. Line deliv¬
6 47s
1st mort
Denver A N. Orleans.
Des Mo’s A Ft. D., pref
Edison Elec. Light— 200
Ga. Pac. R’y., 1st m.. 80
Gal. liar. A S. Ant
Georgia Central
51.160/ 57
9.273.851
U.31S.513
Bid. Asked,
....
stk..
Contin’i’lCons.-Sop.c.
Cliic.ACau.South
Den.A R.G.R’y—Cons.
Denver Rio. G. A West
are
Ago.Clear.
*
Bid. Asked.
Accum’d I’d
Lost. H. A
Circulation.
67,187,21*5
68,191.317
17.30S.O >9
17,6; 0.893
77,857.784
10....
17
Philadelphia banks
68.019.173
17.452.503
77.756.113
Sept. 3
60.591.717
58.531,933
27,890,200
27,765.600
other banks.”
Philadelphia Banks*—The totals of the
1883.
49,902.452
27.803.309
84,329,100
87.035.100
5,180,600 ’ 4,941,200
4,916,8i)9
4,559,500
143,97 ),000
143.998.900
Including tho item ** clue to
are as
732.316.071
Banks.—Following are the totals of the Boston banks:
5,773.100
*
4
315.739.900
59.951.290
Loans.
I
10,.
17..
*
58,528.909 24,682.000 314,89 .',400
58.879.300 24.397,000 317,911,50U
143.730.900
“
Clear.
Circulation. .4)
*
*
1883.
“
Deposits.
L. Tenders.
Specie.
*
Loans.
*
1883.
totals for three weeks :
Midi. AO.—Subs.85 p.c
of Cent. RR. of New Jersey,
$ Includes Maine Cent, dividend of $51,345 in 1S33 and $36,230 in
&
LMN.AYUWSt’kTruBsf—
6.711.900
2,211,300
4,.'41,700
3.927.600
1.583.500
4i)5,000
Loans and disc milts
990,168
27,877!
10.702
i
16,7*9,400
5.620.500
273.600
150.500
351.500
1,912,000
2,2)6,:'. 00
783,000
450.000
9,332,983
5,253,236
10,939
1,500,000
Gartleld Nat...
6,297,971
2 4.919
Republic
Chatham
208,600
128.875
•
1,000,000
422.700
8,415,294
187,614
21,609
52,325
5.000.000
"1
8,253.000
2.112.200
82.300
395.500
213.000
18.500
1,024,000
4,078,700
13,5 j 1,000
5,000.000
Pacific
301,300
142.293
89.189
600.000
300,000
8GC.00O
576,000
4,835,309
267,000
612,600
1.022,000
1 057.6 )0
8,011,300
200,one
200,000
Mercantile
155,419
241,786
39,212
142,7 8 i
170,113
106.96 •
300,000
124.200
551.300
158.200
654,000
2,468,000
453,*00
370.500
4.761.500
1,801,600
tion.
9,U;0,000
5,500,000
7,073,000
7,525,000
3.202,000
8.310.200
3,187.000
1,011,000
1,108,000
615.100
1.792.100
3.417,700
1.000.000
1,000,000
757,000
501, <00
660.700
927.800
13.803.600
1.000.000
1.844.907
IS 1,799
20,155
664,000
1.701.500
Circula¬
*
1,480,000
7,161,000
6,031,900
3.158.500
COO,GOO
300,000
Broadway
229,375
1,074.185
5,897
17,356
377,223
Tradesmen’s...
Fulton
Chemical
Merchants’ Ex..
Gallatin Nat
Butchers’A Dr..
Mechanics’ & Ti
Greenwich
Leather Man’f’s
Seventh Ward..
State of N. Y...
American Exch.
Commerce
Tenders.
.0,913,300
7,327,000
4.305.500
10,581.500
3,452,000
7,722,400
1,000,000
1,000,000
City
1,999,659
854.016
611,506
2.050,000
2,000,000
2,000.000
1,200,000
3.000.000
1.000,000
Qo.
Net fiev'tii
other
than U. S.
Legal
Specie.
$
2,000,000
New York
Manhattan
Merchants
Mechanics’
Union.....
America
Phoenix
Chase Nation:-.
Fifth Avenue.
German Exch.
Germania
il. S. Nat.
Lincoln Nat...
602,785
755,597
80,565
169,214
4,781,411
2,591,100
33,495
137.440
Since June 1st in 1833 includes earnings
t Freight earnings.
...
30,912
2,055,938
'4th
Wisconsin
270,779
34,610
125,690
85I.5L7
157,950
216,658
May
! 1st wkSept
]
7,691
36,626
25,013
72,665
50,980
181,015
Rome Wat. A Oi July:
Do
1,445,962
3
3,307
190,177
Pbila. A Read.1* July
Do C. A Iron .1 u!y
2d wk Sept
2d wk Sepi
2d wk
2d wk
2d wk
2d wit
512,129
1.733.200
338.539
7
Pliiladelp.A Erie July
Va.
39,983
....
20,985
Peo. Dee. A Eve. 1st wkSept
4,436,199
278,438
-
•July
i 0,24 4
1
4.460.200
43,539
Oregon R.AN.C< August....
i 20.450
713,699
304,301
and
discounts.
People’s
1,062,009
32,557
102,478
July
329.041
1,871,190
694.830
299,900
June
360,615
1,874,463
1,048,311
line
1 st wk Sent
I st wk Sept
1,631,869
996,345
27,4 39
30,324
184,200
48,100
85,200
88,88 1
3 4,915
157,723
July.-.
1,617,149
25,781
05,286
2d wk Sept
957,310
1,020,617
1,596,968
1,625,565
1,115,709
232,878
10,962
7,30)
360,001
7,771
45,021
'July
3,241,774
3,187,569
529.100
48.175
10.138
(August....
July
list wkSept
Shenandoah V j August....
1,215,959
1.923.6 42 1.390,455
15.3S6.000 12,994.039
16.645,615 15,934,220
209,748
August....
2d wk Sept
I M ay
$
9,010
11,319
31,981
22,223
2d wk Sept
August....
Nasli.Ch.ASt.L. j August....
*
1,149,299
145,SOU
16,568
2d wk Sept
lstwk Sept
August....
Mexican Cent.. 4th wkAug
Do
No.Div 1 st wk Seni
4th wIf Aug
2d wk Sept
June
2d wk Sept
21 wk Sept
2d wk Sept
2d wk Sept
2d wk Sept
2d wk Sept
2d wk Sept
Mobile A Ohio.. August....
1882.
497,330
637,823
7,842.029 7,954,352
1,771.759 1,774,457
3,558.922 1,554.813
1,594,300 1,458,449
735.288
799,130
15,850,125 16,583,176
2,514,181 2,097,360
5,848,731 5,438.178
13,229,908 10,780.621
22,400
...
1883.
Capital. Loans
*
...
2d wk Sept
Denv. A Rio (
Denr,& R.Gr, W. 2d wk Sept
1st wkSept
Des Mo.A Ft.
1st wkSept
Det. Lan. A £»
1st wkSept
Dub. A Sioux
3 wks Aug
Easterly
2 wks Sept
E.Tenn. Va.AI
Eliz. Lex. A 1
August....
Evansv. A T. II. 2d wk Sept
2d wk Sept
Flor. Cent. A W. 1st wkSept
Flor. Tr. A Pen. 4th wkAug
Ft.W. A Denver.i 2d wk Sept
Grand Trunk
WkSept. 1
1st wkSept
1st wkSept
Hannibal A St. Jo: 2d wk Sepi
August....
2d wk Sept
2<1 wk Sept
2d wk Sept
1st wkSept
3d wk Aug
K. C. Law. A
July
Batiks.
Jan. 1 to Latest Date.
Earnings Reported.
Roads.
J
New York City Banks.—The following statement shows the
condition of the Associated Banks of New York City for the
week ending at the commencement of business on Sept. 15:
below.
latest date are given
Week
317;
CHRONICLE.
THE
22, 1863.]
September
Texas Pac
U. 3. Elec,
iuc. scrip
Light(x-d.) 115
Vicksb’g A Meridian .
334
*
,•
Pref
1st mort
Incomes....
99 ^
21
130
...
THE
318
CHRONICLE.
pole, Benjamin P. Cheney, J. C. Bullitt and Henry E. John¬
■Euxrcstmcnts
ston.
AND
RAILROAD
complete exhibit of the
and ofthe Stocks and Bonds
of Railroads and other Companies. It is published on the
last Saturday of every other month—viz., February, April,
June, August, October and December, and is furnished with¬
out extra charge to all regular subscribers of the Chronicle.
Single copies are sold at $2per copy.
Funded Debt ofStates and Cities
The Northern Pacific Report.—The annual report
180-23
of the main track
on
this
were
owing to the flurry in the stock market. The report is
•unquestionably a full, frank and elaborate exposition of the
affairs of the company, and while it dwells at much length on
its fine prospects hereafter, it does not attempt to slur over or
conceal the less favorable faet3 of the difficulties encountered
in
common
stock.
Vice-
nearly $30,000
per
mile.
issued at the rate of $25,000 per
of this
trans-continental route, and also
preferred stock and 345,818
The first mortgage bonds
mile, restricted under
the terms of reorganization. These bonds were sold at from
90 to 92%, and two years1 interest was set aside so that the net
result to the company was about 80. Instead of having
$25,000 per mile available for construction, they had $20,000
per mile, which caused a deficit of seven or eight millions in
complefing the road.
were
was
ANNUAL
Jane 30 has just been issued, and
owing to the recent completion
new
645,963, of which
was
President Oakes stated- that the cost of the Northern Pacific
road
company for the year ending
is read with unusual interest,
The total number of votes cast
301,145
INTELLIGENCE.
The Investors’ Supplement contains a
[VOL. XXXVII.
REPORTS.
Northern Pacific Railroad.
*
(For the
•
*
ending June 30, 1883.)
From the extended annual report of Mr. Henry Villard, Presi¬
dent, the following is condensed. Mr. Villard says: “It is
the privilege of your board to begin * * with the announce¬
ment of the completion of a continuous line from Lake Superior
to the Pacific Ocean.”
* * * “The work progressed more
rapidly in its last stages than expected, so that the two ends
of track actually met on August 22d ; but the formal opening
did not take place until September 3th.”
*
*
*
-
year
constructing the tunnels, bridges, &c., and the consequent
necessity of incurring a moderate floating debt.
“finances.
One point in the report requires elucidation, and that is, in
“At the close of the fiscal year ending June 30, 1SS2, the
regard to the earnings in 1S82-S3 from construction business,
Syndicate had taken $20,000,000 of the general mortgage
which amounted to $1,523,112.
It is not generally understood bonds, having further options ior $10,000,00(Hn 18S2, and $10,that this construction traffic is charged only at cost, and hence 000,000 in 18S3, which, when taken, would complete the
the above amount carried into gross earnings should also be contract. The $10,000,000 for I8S2 were provided for by
deducted in full from expenses, leaving the real percentage of acceptance of new roacl during that year, and were promptly
taken by the Syndicate. In the spring of 18S3 the Syndi¬
operating expenses to gross earnings only 60*23 per cent instead cate had disposed of $31,000,000, and offered for sale the re¬
of 67‘98 per cent as stated in the report. This explanation is maining $9,000,000, which were all subscribed for, and on
furnished by the officers of the company, and it is a point so June 30 the entire option for 1883 was declared. It was not in
the power of the company, however, at that time, to deliver all
favorable to the road that it might well have be£n explained in
the bonds called for, in consequence of a sufficient mileage of
the report. Revised by the above deductions, and thus exclud¬ new road not
having been accepted ; delivery, therefore, was
ing the construction traffic (now practically ended), the figures made only of such an amount of bonds as could properly be
issued under the provisions of the mortgage, and the money for
for 1882-83 would stand as follows :
the remaining bonds has been credited to “advances on general
Actual gross earnings'
$<>,332,347
Actual operating expenses and rentals
Of the proceeds of these bonds, $4,593,946
3,818,s 18 mortgage bonds.”
were paid June 30,1SS3, to the Oregon & Transcontinental Com¬
Actual net earnings
$2,5 18,520
pany on account of the indebtedness to it for loans and ad¬
This explanation seems quite essential, for so good an vances.”
The excess of expenditures on account of construction and
authority as the New York Tribune has put a different inter¬
equipment
($7,936,507) over the cash receipts from the proceeds
pretation upon the figures in stating that—“of the gross
of the $40,000,000 general mortgage bonds, sales of preferred
-earnings for the year ended June 30, 18S3, $1,523,112 was stock, and other sources of income, arises from several causes.
derived fiom the construction of the road, which reduces the In the first place, the cost of construction exceeded the
engineers’
actual gross commercial earnings to $6,332,347, and the net estimates. The work was to be done in remote regions, the
commercial earnings, supposing that construction account was natural conditions of which, such as climate, seasons, character
of soil and streams, and geological formation, were so many
charged no higher rates than commercial freight, to $2,026,332, unknown factors entering into the construction problem.”
*
*
*
“
or $1,341 per mile.”
The construction account embraces the outlay
Including the floating debt and dividend certificates, the required not only for building the road itself in a first-class
actual obligations on which the company should pay interest manner, but also such extraordinary works as the three great
bridges over the Missouri, the Snake and the Willamette rivers,
appear to be about $57,000,000, which at 6 per cent would call (the first of which is
completed, and the last two are being con¬
for $3,420,000 per year.
structed), the extensive central shops and other buildings at
The facts concerning the preferred stock of the Northern Brainerd, and the several division shops. Then, again, the in¬
crease of traffic on the main line, together with the construction
Pacific^have not been dearly apprehended by every one, for in of branch lines and the traffic derived
therefrom, has required
two^^ears, since June 30, 1881, there has been an iiicrease in the an increase in the necessary motive power and rolling stock far
amount of this stock actually outstanding of $2,288,008. The exceeding the original estimates. *
The issue of bonds to provide for the construction and equip¬
^change occurs in this way: At the close of the fiscal year, 1881,
ment of the road is, by the terms of the mortgage, restricted to
the preferred stock was $42,312,588, of which the company held
$25,000 of bonds per mile of road actually completed, and ac¬
in its own treasury $2,851,455, leaving $39,461,455 actually out¬
cepted by the President of the United States.” * * “ But the
standing. In the two years from July 1,1881, to July 1, 1883, means it proposed and provided for, wherewith to complete and
the company has marketed preferred stock (probably about all equip the road are, confessedly, inadequate, and this for rea¬
sons which, as before shown, were then
impossible to be fore¬
it held, receiving therefor the sum of $1,914,755.
On the other seen.
hand the cancellations of preferred stock from proceeds of
“To avoid, therefore, the embarrassments of large floating
land sales have been quite moderate, amounting to $403,456 of liabilities, arising from causes such as are above mentioned, an
stock canceled in 1881-2 and $159,669 in 1882-S3. It does not arrangement was entered into with the Oregon & Transcon¬
tinental Company, under which, that company was to make
appear in the report why the cancellations are so small as in advances of the
money needed, and to accept therefore such
three years past. The land sales on the Minnesota and Dakota
negotiable security as this company is competent to give, tho
divisions, where the preferred stock is received for lands, have terms and form whereof are to be decided upon hereafter.
been
as
“
“
“
follows:
588,080
215,582
417,388
For
preferred stock.
“The volume of the
preferred stock is being continually and
steadily
reduced
through
the sales of lands in Minnesota and
“
“
It is only the lands east of the Missouri River that are Dakota, east of the Missouri River. At the end of the fiscal
year (lune 30th, 18S3) there had been canceled and extinguished
rapplicable to the preferred stock, and on these, if there should $9,250,536 10 of the original $51,000,000, leaving then existing
be any default on the first mortgage bonds, the lien of that $41,749,463 90 preferred stock, including fractional scrip. In
view of the necessity of using all the available resources of
mortgage would then (by its terms) have precedence. The
the company for construction and equipment purposes, your
total quantity of these lands yet unsold is about
■acres.
At the annual
“
“
$1,805,308
804,155
1,700,517
4,300,000
board deemed it unwise to declare cash dividends before the
main line would be completed, so as to furnish a through line
for trans-continental traffic. That great result
being now accom¬
meeting on Thursday the following directors
the time appears to be at hand for a stricter recognition
Billings, Aslibel II. Barney, John W. plished,
and satisfaction of the claims of the preferred stock under the
Ellis, Rosewell G-. Rolston, Robert Harris, T. F. Oakes, J.
plan of reorganization. And, with the certainty of increasing
PLrpont Morgan, August Belmont, Henry Villard', J. L. Stack- earnings, keeping pace with the growth of the tributary
were
.
acres
elected: Frederick
September 22,
THE CHRONICLE.
1833.]
prospect of low operating expense*, by
reason of the discovery and development of the coal fields of
Central Montana and Western Washington Territories, your
board feel warranted in expressing their belief that the pay¬
ment of regular dividends on the preferred stock may be
reasonably expected to begin at an early date.”
*
*
*
country, ani the
.
“PASSENGER AND FREIGHT BUSINESS.
“On the eastern divisions the total through passenger move¬
ment increased from 19,466 in 1SS1-2 to 32,489 in 3882-3, a gain
of 66 90 per cent. The local passenger movement increased
from 278,214 in 1S31-2 to 418,49S in 1882-3, a gain of 87‘52 per
cent.
The number of passengers carried eastward was 198,475,
difference representing largely,
though not entirely, the immigration into Northern Minnesota,
and westward, 252,512, the
The increase in the passenger
North Dakota and Montana.
earnings of these divisions was 42‘6 per cent. The increase of
east-bound freight tonnage on the eastern divisions was 51*46
per cent, and of west-bound tonnage, 9 79 per cent.
The total
increase being 20 60 per cent. The increase of freight earning3
these divisions was $869,393 92.
on
On the western divisions
and freight business show
both passenger
a
steady and im¬
portant growth. On the Pacific Division, including the Cascade
Branch, the gross earnings rose from $272,676 in 1881-2 to
$420,S71 in 18S2-3, a gain of $148,194, or 35‘2 per cent. At the
time
same
$23,645,
or
there
was
8 per cent.”
decrease in operating expenses of
* * “ The eastward cattle movement
only 9,200 head in 1SS1, increased to
a
line, which wras
30,000 in 1882.” * * *
over
our
“
the
net
earnings of $148,7S4. The increase of net earnings over the pre¬
vious year was $45,848, or 44% per cent. In the expenditures
are included the
whole outlay for the equipment of horses,
sleighs and office fixtures, and furniture for the offices
$17,014. During
in St. Paul and Minneapolis, amounting to
the year the service was. extended over 5G0
additional miles,
*
*
thirty-three new offices were added.”
*
The telegraph system has been greatly extended. Since the
last annual report 293 miles of new poles have been erected on
the main line.
We have now 1,191 miles of poles on the main
line, not including 98}£ used jointly with other companies and
30S/2 miles on branch lines ; 974% miles of wire have been
strung under contract with the Western Union Company—199%
and
.
“
milts of exclusive Western Union wires and 7S2 of exclusive
railroad wires.
There are on the lines 154 offices and 194 oper¬
ators.
from commercial business have been
$72,504
45,605
$20.*99
Increase
The increase
was
more
than the total business of 1S31.
“
*
*
EQUIPMENT.
“
The large increase
from the extension of
in the mileage of road operated, resulting
our main line and branches during the
year, has required a corresponding increase in equipment to
meet the demands for local traffic.
A prudent foresight also
suggested that adequate provision should be made in advance
for the new traffic to follow the connection of our tracks and
the opening of through business between the Pacific Coast and
the East. In the following statement is shown the iucrease in
equipment for the year ending June 30, 1S83, and that under
contract for delivery:
„„
Increase for year
J
end. June 30.
Equipment—
131
Locomotives.
Passenger cars
Freight cars
Vn tier g
contract.
89
107
2,2S9
71
2,395
“
“
IMPROVEMENTS AND BETTERMENTS.
The total
expenditure under this head during the fiscal year
$2,013,966. A large item in this account is for replacing
was
with steel the iron rails
on
the older divisions of the road.
The
mileage of track relaid with steel during the year was 206%
miles.”
*
*
*
“
“Gratifying results have been secured in the
use
burned under like conditions.
The coal veins at Bull Mountain
*
*
* “It is the
opinion of the Superintendent that the coal can be put upon
cars at$l per ton and delivered on the main line at a cost not
exceeding $1 50 per ton.” * * *
twenty-four feet thick.”
“
CONSTRUCTION.
“
The work of construction on the main line and branches has
made satisfactory progress since the last annual report.” * *
“
Wisconsin Division.—During the early part of the fiscal
3'ear
the work
on
the first twenty-five miles of
Northern Pacific Junction to Superior, was
this division, from
completed.” * *
“Surveys were made last spring for the extension of the division
as far as Ashland, sixty miles from Superior, and a contract
was made for the clearing, grading and bridging. Thirty miles
of road-bed will be completed, and the track laid before the
close of the present working season, and the remaining thirty
miles will be finished early in 18S4.” * * *
“
Portland Division.—This division extends from the west
bank of the Willamette River in Portlaud, to the south bank of
the Columbia River at Coffin Rock, opposite a point two miles
below Kalama, a distance of forty-two miles.” * * “The grad¬
ing and bridging on this division are well advanced, and it is
expected that the track will be laid early in the autumn, and
the ferryboat be in use in the spring of 1884.” * * *
.
TRIBUTARY OR BRANCH ROADS.
“ Little Falls ct* Dakota Railroad.—At the
beginningof the
fiscal year fifty-five miles of track had been laid. During the
year the line to Morris, eighty-seven and three-quarter miles,
completed and put in operation.
*
Fergus*c0 Black Hills Railroad.—
Track-laying was resumed at Fergus Falls in August, 1S82, and
has now reached a point fort}1, miles west of Breckenridge. Total
amount of track laid during the fiscal year, sixty-five miles.
About two and one-half miles of additional grading is ready
for the rails, and the track will soon be put down, thus reach¬
ing the terminus at Milnor, 117 miles from Wadena.
“Fargo ct* Southwestern Railroad.—This branch starts at
Fargo and runs in a southwesterly direction to La Moure, on
the James River, a distance of eighty-seven and one-half miles.
Track-laying began July, 1SS2, and was completed to Lisbon,
fifty-five miles, in December. During the present season the
was
“Northern Pacific
track reached (lie terminus. La Moure.
“
Jamestown cC* Not them Railroad.—This branch leaves the
main line one mile west of Jamestown, and runs in a northerly
direction ninety-five miles to the west end of Devil’s Lake.
Considerable grading was done during the fiscal year 18S1-S2.
Track-laying began in August last, and had progressed as far
as Carrington, forty-two miles, at the beginning of the winter.
The grading is nearly completed to the lake, and the track will
soon be laid.
A survey has been made for an extension of the
line to the Dominion Boundary.” * * *
“National Park Branch.—This line
was
located in October
last, leaving the main line at Livingston and running up the
Yellowstone River to
the northern boundary of the National
Park, a distance of fifty-one miles. The work was commenced
last spring, and was completed in August.
Palouse Branch .—Track was laid, prior to the end of the
fiscal year, from Palouse Junction eastward a distance of
thirty-two miles. Track-laying has ‘since progressed a further
“
distance of sixty miles. The road will soon be opened for
traffic as far as Colfax, and will be completed in 1884.
“
Seattle Branch .—The track has been laid to a point about
twenty-five miles from Tacoma and fifteen from the junction
with the Cascade Branch. Grading is well advanced on the
remainder of the line, and it is expected that the track will all
be down before the winter season begins.
“AMOUNT OF TRACK LAID.
“
At the beginning of the fiscal year, July 1st, 1882, the ends
of the track on the main line were 564 miles apart. They were
advanced during the year—
of the coal and
of excellent quality has been discovered in the Bull Mountains,
about thirty miles north of Billings, Montana, and of easy ac¬
cess to the projected line from
Billings to Fort Benton.”
Aetual tests with this coal in locomotives show that four tons
are the equivalent of three tons of the best Pittsburg coal
fourteen to
that date. It is expected that this
by January 1, 1884. The Iron Ridge
Tunnel, thirteen miles west of Helena, Raving a total length of
533 feet, was completed in April last.
Up to the first of Feb¬
ruary it was expected that the Mullan Tunnel would be com¬
pleted in time to lay the track through it iu June ; but the
work was delayed by the falling of masses of rock, and the
necessity for protecting the sides and roof with heavy timbers,
so that no progress was made at the eastern end for two
months.
The length of the tunnel is 3,850 feet. Ou the 30th
of June, 1883, there had been completed at the east end 2,077
feet, and at the west end 1,465 feet of heading and 8SS feet of
bottom, making the total of heading 3,542 feet and of bottom
2,965 feet, and leaving to be completed 303 feet of heading and
S85 feet of bottom.
The headings met on the seventeenth of
August. If no new and unforeseen difficulties arise, this tuunel
will be completed in October.” * * *
293^ miles.
From the East
From the West
FUEL.
lignites found on and near the line of our road, and the prob¬
lem of securing cheap fuel for locomotive use may be regarded
as solved.
In the last annual report it was stated that * coal *
are
feet yet to be opened at
tunnel will be completed
“
The gross earnings of the express business carried on by
company were $229,259 and the expenses $80,475, leaving
The cash receipts
Last year
.*
“
The Great Tunnels —The total length of the Bozeman Tun¬
nel is 3,612 feet. Of this distance there had been excavated
June 30, 1883, from the east end 1,266 feetj.and from the west
end 641 feet, making a total of 1,907 feet, and leaving 1,705
EXPRESS AND TELEGRAPH.
“
wagons,
319
,
Total
166**
“
450
“
Leaving June 30th, 1883, 114 miles to be completed.
completed and the gap closed.
This has
since been
450 miles.
Total track laid on main line
Total track laid on branch lines
307
Grand total for fiscal year
,
“
757
“
to September 15th,
284 miles of addiiionai track have been laid on the main line
and branches, making 1,041 miles for the period beginning
July 1st, 18S2, aud ending September 15th, 1883.” * * *
“Since the close of the fiscal year,
“
and
up
TERMINAL CONSTRUCTION.
called the Northern Pacific Teiyninal Company of
Oregon has bsen formed. Its capital stock is $3,000,000, held
in the following proportions :
“
A company
Northern Paeilie
40
Oregon Railway A Navigation Company
Oregon A California
40
20
per
cent.
“
“
A total issue of $5,000,000 6 per cent gold bonds by the Ter¬
minal Company was authorized to provide the means to pur¬
chase terminal grounds and to erect the requisite improvements
thereon. Of these bonds $3,000,000 have been sold at par, and
the proceeds devoted to the acquirement of valuable real
“
estate, both in the city of Portlaud, on the left bank of
Willamette, and in East Portland, on the opposite bank.
property in Portland proper comprises some sixty acres,
the
The
adjoin.-*
320
THE
ing the business portion of the city, with the
of dock facilities
on
the river bank,’’
*
*
use
CHRONICLE.
TVol. XXXTIL
St. Paul Minneapolis & Manitoba Railway.
(For the year ending Jane 30, 18S3.)
From the annual report of the President, Mr. J. J. Hill, the
of 2,200 feet
*
[The arrangement by virtue of which the Northern Pacific
entrance to Minneapolis and St. Paul over what will
virtually be its own track and ample terminal facilities in those
cities by means of the St. Paul & Northern Pacific Railway, has
been noticed heretofore in the Chronicle.]
secures
following is condensed:
During the past year, in addition to the new equipment
purchased, the old equipment has been rebuilt or thoroughly
repaired, and is now in most excellent condition. The equip¬
“land department.
ment was increased during the year as follows : Locomotives
The following comparative table will show in detail the sales 64, sleeping cars 8, passenger cars 26, baggage cars 8, box cars
of land in the several divisions for the fiscal years ending June 609, flat and coal cars 293, caboose and boarding cars 36, derrick
and tool cars 3.” * * *
30, 1882 and 1883 :
“
“
“
Year Ending June 30, ’82.Fear Ending J?me30t’83.
Acres.
Amount.
Acres.
Amount.
Division.
Minnesota & Dakota. .215,582
Missouri
24,654
Yellowstone
33,821
Montana
239
Pend d’Oreille
.164,977
Pacific
12,536
$804,155
126,203
.
Totals..
Increase 1883
437,071
37,658
451,811
over
6,567
33,910
166,360
26,945
621
.
$1,700,517
324,420
24,025
417,388
110,033
70,545
.
$1,476,256
1882
144,488
733,(514
134,194
761,236
$3,061,800
..309,425
$1,585,604
The increase
inaverage price per acre is: All divisions, 0.76c.;
eastern district, 0.19c.; Montana district, $1*65 ;, Western, dis¬
trict, $1*82. The total of separate purchases made for the past
fiscal year was 2,417, as against 1,350 in 1882. The average
number of acres sold to each purchaser was 314*95 acres, and
the purchases have chiefly been made by actual settlers for
immediate improvement.” * * *
The general income and revenue account for the j^ear is as
follows
:
GENERAL INCOME AND REVENUE ACCOUNT.
Balance July 1st, 1882
Received from earnings
Land department
Miscellaneous
Proceeds of bonds
Preferred stock sold
Loans for construction
$3,039,923
$7,855,459
1,511,316
12,249— 9,379,024
$1S,500,000
757,109—19,257,169
5,452,081
The
doable
track, to accommodate the business of the
proper facilities for handling
the increasing summer travel *to Lake Minnetonka, between
Minneapolis and Wayzata, referred to in the last annual report*
has been under construction during the winter and spring, and
was completed and put in operation in
July, 1883. The saving
in distance and time, with the improvement in
grade and align¬
ment, and the relief it give3 to the over-crowded yards at Min¬
neapolis, fully justifies the expenditure made iu this direction.
The replacement of iron with steel has been continued dur¬
ing the year just closed. This work between St. Paul and St.
Vincent was completed last spring, and the main line of the
company on the west side of the Red River, and the line from
Minneapolis to St. Cloud on the west side of the Mississippi
River, will also be fully laid with steel before the close of the
present season.” * * *
The liDe from Larimore west was completed a distance of
forty miles in December, 1882, and the extension to Devil’s
Lake undertaken this spring, and completed so that regular
trains were put on July 4th. The line from St. Cloud to Hinck¬
ley on the St. Paul & Duluth RR. is completed, and has been
in operation since Dec. 4, 1882.” * * * *
Under the contract with the Minneapolis & North Western
Railway, that line has been completed to St. Cloud, and trains
began running over the entire line December 17, 1882.
Track was extended from Grafton north to the
boundary
line, and trains commenced running September 24, 1882, giving
Breekenridge division, and give
“
“
“
“
Expended for operating expenses
•
Rentals and taxes
Interest
Interest accrued on dividend scrip
Preferred stock and bonds canceled
Land department expenses and surplus
of bonds
^
383,862
$1,209,837
139,224
1,349,062
253,968
-
for retirement
1,257,347
16,370,905
Construction
New equipment
Improvements and betterments
$37,128,199
$4,953,066
1,604,916
on
old road
2,013,966
„
a
second line between St. Paul and
“
Winnipeg.
The purchase from the Northern Pacific of the Casselton
Branch Railway, made it necessary to construct a connection
between that branch and the Breekenridge Extension system,
which was done by building a line from Everest to Casselton,
three miles.
This was completed so that branch was put in
operation by this
“
company December 11, 1882.
The Red River & Lake of the Woods Railway
to St. Hilaire,
graded
1882, was ironed this spring and the line put in oper¬
in
Advances repaid
4,593,946 ation July 1, 18S3.
This branch extends beyond the limit of
Balancethe company’s land grant, into a section of government land
Cash reserved for interest, uncalled for and
that is rapidly being taken up by actual settlers, and it is
accruing
$2,275,651
Cash in hands of Treasurer and disbursing
thought
will afford a very satisfactory business to the main sys¬
officers
1,219,304— 3,494,956 tem of
railway.
The Sauk Cemtre Northern Railway was completed and put
$37,128,199
in operation to Browcrville, a distance of twenty-five and threeFollowing is a comparison of the earnings, operations and the
fourths miles November 27, 1882, making available the
general balance fur three years, prepared for the Chronicle :
large
purchase of timber land referred to in the last report.” * *
ROAD AND EQUIPMENT.
A general reduction lias been made in our freight tariff
1880-81.
1SS1-S2.
1832-83.
during
the past year, and the average rate per ton per mile has
Miles operated June 30
751
1,298
1,701
decreased from 2 51 cents, the average for the year ending June
Locomotives
104
158
289
61
30, 1882, to 1*95 cents for the year ending June 30, 1883, which
Passenger, mail and exp. cars.
103
174
Freight cars
2,525
4,488
6,8(58
by comparison will be found lower than that of other lines simi¬
Coal and all other cars
503
619
(532
larly
situated. The extent of this reduction is indicated by the
lND fiscal results.
fact that the tonnage transported during the past year at the
1880-81.
1881-82.
1882-83. average rate
Operations (eastern div's)—
per ton received during the preceding year, would
Passengers earned
152,914
Material
Interest
*
247,2 81
604.918
“
“
.
Passenger mileage
Rate per passenger per mile..
Freight (tons) moved
Freight (tons) mileage
Average rate per ton per mile.
Earnings {whole line)—
Passenger
Freight
Mail, express, Ac
Total.
Opera ti ng expenses—
Maintenance of way, Ac
Maintenance of ears
Transportation
expenses
Motive power
General
Rentals and taxes
Total
Net
297,680
15,246,509
34,329,018
3 91 cts.
3'33 cts.
390,890
94.693,975
2*10 ctS.
8
218.557.218
2'01 cts.
2*07 cts.
$
1,302,261
$
2,099,71(5
3.909,423
5,409,081
218,621
310,052
2,994,519
5,430,305
7,855,459
499.332
125.229
430.072
952.920
273,975
79 1,630
1,393,711
490,088
967,<595
268,508
315,111
1,579,530
3,572,839
1,857,466
5,336,930
2,518.529
250,832
229,836
969,130
Per et. of oper. exp. to carniu’s
3-40 cts.
790,006
■66^,021
2,207.299
118,599
2,025,389
earnings
655,075
181,851,537
450,987
48,187,882
07‘64
439,389
1.2 10,527
299,5110
383,803
'
05-80
67-93
have yielded an increased revenue of $1,912,623.”
* * *
“
During the past year an agreement was made between this
company and the Northern
the new east and west lines
Pacific Railroad by which some of
in process of construction by this
company were exchanged for north and south lines that had
been built by the Northern Pacific.
Such an adjustment of
existing differences was also had as will prevent disastrous
competition between the respective lines.” * * *
“in accoidauce with the resolution of your board of direct¬
ors of
April 12, 1SS3, this company have acquired title to the
Minneapolis. & St. Cloud Railway, the Minneapolis & North¬
western Railway, and the Sauk Centre Northern
Railway, the
money for the construction of these lines having already been
advanced by this company. Title has also been acquired to
the Casselton Branch Railway and the Pelican Valley Branch
which were purchased from the Northern Pacific Railroad. All
of these lines
are now
consolidated with'the St. Paul Minne¬
apolis & Manitoba Railway.
“
CLOSE OF EACH FISCAL YE AR.
1880-SI.
Assets—
Railr'd, ImihTgs, equip.. Ids, Ac
Stocks and bonds owned, cost.
Accounts receivable
Materials, fuel, Ac
Cash on hand
In hands of trustee
Total
Stock, common
Stock, preferred.
Funded debt (see
Dividend scrip
Supplement)
•
$
$
8
127,411,622
2,236,235
740,922
4,259,0(50
149,(593,5 20
2,299,001
3,375,398
42,558
486,386
136,939,398
164,059,238
3.840,857
975,4 11
2,082,9 17
11,567,914
206,331
3,424,534
2,573,051)
4,50(5,341
49.000.000
49,000,000
49,009,000
42,312,589
41.909,132
41,749,401
21,58(5,800
24,616,500
39,522,200
4,040,821
Unmat. pay on contracts
Loans for construction
Interest accrued
Net proceeds of land sales....
Allother dues and accounts...
Pro tit and loss
1832-S3.
108,324.280
.27,003,800
Liabilities—
1381-S2.
2,600,(50 1
5,4 52,0v 2
562,149
11,183,085
2,445,473
661.677
10,432.643
7,110,962
3,258,184
.27,003,800
136,9S9,398
101,059,23S
10,212.900
883.889
1.05)8.900
7,002,502
1,119,583
Land-errant bonds to the amount of $750,000 have been
redeemed and canceled during the year from proceeds of land
sales.” * * *
“
The board of directors on the 12th of April last authorized
the stockholders to purchase the new consolidated mortgage
bonds of the company to the amount of 50 per cent of their
holdings at 10 per cent of their par value ; which privilege the
stockholders have availed themselves of.
This action was
deemed by your board wise, and for the best interests of
the company, in viewr of the fact that new properties and lines
of railroad had been acquired, the value of which had been
added to the property, and fairly belonged to tlie stockholders*
and ought properly to be represented in the basis of the fixed
charges of the company.” *:t * *
“The business of the company during July, August and Sep¬
tember, 1882, showed an increase of 100 per cent over the same
months of the year previous. wrhile the business of the entire
year just closed showed a gain of 38 per cent over the previous
The enormous gain for the first three months was largeyear.
■e.„-
p
THE CHRONICLE.
SEPTEMBER 22, 1888.]
sharp competition of lines and
has divided the tonnage and
decreased the through business, it is gratifying to observe a
large and gradual increase in the local traffic, which it is ex¬
The report says : “ While the
the operating of new railroads
due to the transportation of rails, track material, timber,
«tc., for the Canadian Pacific Railway, the construction of
Which was being rapidly pushed, and a large amount of mate¬
rial was accumulated by that company for this year’s work.
The opening of the ‘ Thunder Bay Branch’ of the Canadian
Pacific Railway has taken a considerable amount of the freight
traffic going to Manitoba via Lake Superior, which has hitherto
gone via Duluth and our lines.”
y
LAND
The report
hibit :
vour road comparatively
independent of the through traffic, which often has to be car¬
ried at non-remuuerative rates. The local freights upon the
pected will continue, and thus render
two divisions of the main line for the
30, 1883
mile)
Surplus
Total miles
operated
65
69
S9
locomotives
Pass , mail & express cars.
Freight cars
All other cars
Total
Dividends received
201
157
176,348
$
819,929
2,691,773
189,150
$
1,587,180
4,773,006
209,508
2,033,441 I Town Creek
6,687,9-35
427,148 ! track-laying
.2,933,108
3,700,852
6,629,694
9,143,524
515,311
^ 49 >,900
) 1 -0.407
429,082
1,217,006
1,289,8 11
1,488,337
703,689
915,683
109,588
195,002
201,562
252,063
.
.
Operating txpeases—
Maintenance of way, Ac..
414,672
.
j473.988
'
Transportation expenses...
.
Taxes
281,349
86,559
The
20,459
26,488
17,507
9,844
$650,072
22,525
S.
$357,695
18,750
104,465
$271,980
2 per cent has been declared
grading for the extension from Rock Island to Sparta
| has been completed, together with the piers of Caney Fork and
$
i “There
128,747
143.079
.
32,865
8,334
extensions.
“
158
90.5,395
233,724
$1,008,667
stocks owned
$321,322
19,089
12,618
12,803
„
the stock, payable Oct. 1.
on
4,753
-
82
on
$559,453
$376,445
3,707
oo
16,643
.
or
deficit.
Interest, etc.
Total
81
2.522
86
3,468
$
672,048
.2,084,712
Earnings—
1,350
137
119
2,951
Improvements of road and equipment
Surplus for the year
From this surplus a dividend of
1882-83.
1,053
35,388
Fayetteville Branch
Equipment.
1881-82.
51,955
20,952
Centreville Branch
Duck River R. R
are the statistics of earnings, expenses, &c., for
ending June 30, and the balance sheet for three
compiled for the Chronicle :
1380-81.
865
earnings.
$880,775
Main Stem
Lebanon Branch
McMinnville Branch
Following
1879-80.
656
:
Xct
four years
koai> and
$550,097*
-
country traversed by your road.”
The income statement is as follows
Minneapolis & St. Cloud Railroad total grant (unsold)
428,000
During the year ending June 30, 1883, 104,245 acres of land were
sold for $587,387, an average price of $5 68 per acre. There were sold
during the year ending Juno 30, 460 town lots, for $31,829, an average
price v>er lot of $69 19.
Tlie'total cash receipts of land department for year ending June 30,
1883, were $901,281, and net receipts (less expenses) $313,944.
The amount of deferred payments (land notes) duecompany, bearing
interest at 7 per cent, were $1,158,356.
1 .
years,
70,432
“
2.411,659
Remaining unsold at June 30, 1883
94,164
..$730,247
$180,150
This increase has been attained partially by the encourage¬
ment of the location of blast furnaces, mills and factories along
the line and at Nashville, but most of the increase may be ac¬
counted for by the bountiful crops of 1882 throughout the
Total
1,493,425
57,084—1,436,341
...i.
Increase.
$109,718
$455,933
164,596
Northwestern Division
3,848,000
2,796,755
1881-82.
v
$565,651
Chattanooga Division
Acres.
Total acreaare of land grant (10 sections per
Total acreage certified to June 30, 1883
past two jrears were :
1882-83.
DEPARTMENT.
of the Land Commissioner makes the following ex¬
Total acreage sold to June
Bess contracts canceled
321
419,2 25
199,907
has
bridges. The superstructure of these bridges and
will be finished during the preseut year.” * * *
been expended upon this extension during the year,
| $129,876.’
“The
Jasper branch has been extended from Victoria to
| Inman 5'3 miles, under the agreementto made with the Tennessee Coal Iron & Railroad Co. referred
in last
'
report.” * *
completed to Duck River,
distance of 34 miles from Dickson,
“The Centreville branch has been
opposite Centreville, a
it connects
with the Northwestern division.
An
agreement to extend this road to the Lewis County line,
13 miles, was entered into on Dec. 1C, 1882, between the iEtna
where
3,515,778 4,595,056
1,837,817 3,113,916 4,553,468
1,863,035
Per ct. of op. exp. to
50 22
53 03
50 34
47-71
cam's.
INCOME ACCOUNT.
1881-82.
$
1SS2-83.
3,113,916
4,553,108
4,851
1,837,817
223,832
4,600
860,677
34,259
813,945
92,100
.2,135,934
2.066.249
4,008,852
5,459,519
947,227
1,109,951
1,188,091
1,264,279
1,724,664
223,832
975,000
702,864
157,812
1880-81.
1879-80.
$
Itcceipls-
$
.1.533,461
597,672
.
Otlier receipts.
Disbursements—
Interest on debt..
Dividends
.
597,672
Sinking fund
Miscellaneous
35,288
.
Balance, surplus
.1,580,194
1,333.783
555,790
732,466
.
$
813.945
3,802,888
3,023,707
935,085
1,656,631
GENERAL IJALANCE AT CLOSE OU E VCII FISCAL YEAR.
■
*
•$
Railroad, build'gs, equip’t, Ac.
Bills and accounts receivable.
Cash on hand
Investments in ot her compan’s
Minn. & St. Cl. land grant
Timber lands
1852-83.
1881-82.
1830-81.
*
A ssels—
31,825,531
360,913
328,357
243,003
1,020.19 4
$
37,691,336
665,731
1,095,549
731,549
2,061,724
44,512,236
2,290.329
370,518
312,037
2,021,964
653,201
350,000
10,882
Miscellaneous
37,536,583
42,292,742
50,851,167
Stock
15,000,000
Fund’d debt (see .Sui-i-lement)
Bills and payrolls, Ac
All other dues and accounts..
18,107,700
15,000,000
18,646,000
^ 1,308,472
20,000,000
20,791,720
1,592,079
2,034,110
Total
Liabilities—
J3
^
Minn. Union bonds
Subscription for bonds*
Miscellaneous
Balance profit
Total liabilities
—
"
was not
31,299
1,283,261
_.
-
'-a
— —
113.121
2,273.345
42,292.742
37,536,583
7
/
3,3-2,506
........
and less
/
v v — - —
v
250,250
391,847
447,723
94 1.0 is
427,638
Coupons
j.
*
1 19,184
5,671,977
50,351,167
—^ —r
—
^
v
made.
Nashville Chattanooga & St.
Louis.
{For the year ending June 30, 1883.)
From the annual report submitted at the meeting and printed
in the Nashville papers, the following information is obtained
in advance of the issue of the pamphlet copies:
The mileage operated is 554 miles.
During the year addi¬
tions were made to the Jasper and Centreville branches, increas¬
ing the mileage worked by 15 miles. The statement of bonded
debt shows an increase of $10S,000 during the year.
The earnings of the whole system compare, as follows :
i
"
Freight
I
.
-
129,956
$2,074,583
1,274,855
1,240,991
.$1,008,668
$833,592
55-80
59-81
Expenses
:U:.
1881 -82.
$1,364,667
580,560
$2,283,523
Total
Net earnings
Per cent of expenses.
1882-83.
$1,513,875
621,171
1 18,177
Passengers
Mails, etc
.
Manufacturing, Mining & Oil Co. and your company, for the
purpose
of developing the rich ore fields of Hickman County.”
GENERAL INVESTMENT NEWS.
Denver & New Orleans.—A public auction sale of securities
of the Denver & New Orleans Railroad Company occurred at
the office of the Mercantile Trust Company yesterday noon,
Mr. R. V. Harnett being the auctioneer. The Trust Company
held as collaterals for money loaned 2,286 of the first mortgage
bonds, and 25,400 shares of the stock of the railroad company.
The par value of the bonds was $1,000.
The sale was made in
consequence of a default of payment of certain promissory
notes which had been given to the Mercantile Trust Company
by the Denver & New Orleans Railroad Company. The amount
of the Trust Company’s claim was something over $1,500,000,
and the securities which were offered were bid in by Mr. J. S.
Brown of Denver, for $1,592,000.
The sale was attended by a
large number of gentlemen interested in the Denver & New
Orleans company,
by Mr. Brown
The purchase
including President Evans.
is\supposed to be in the interest of the
—New York Times, Sept. 20.
East Tennessee Virginia &
company.
Georgia.—Mr. Ge^rgeS. Scott,
representing the Richmond & Danville Railroad ; George F.
Baker, President of the First National Bank, and John T.
Martin, of Martin’s Stores, Brooklyn, have been elected direc¬
tors of the East Tennessee Virginia & Georgia Railroad.
Massachusetts Central.—About 220 of the 3,500 first mort¬
gage bonds have not yet assented to the plan of reorgani¬
zation, and of these it is said that 70 will come in in a short
time. Those bondholders who do not join in the reorganization
will receive from the proceeds of the foreclosure sale about 12/£
per cent of the par value of their bonds.
Ohio Central.—From the report submitted at the recent
meeting the subjoined figures are compiled for the years
ending June 30. The earnings for the year past were on an
average of about 260 miles, against 225 miles the preceding year:
Earnings
Expenses
Net
earnings
The result of the year
on
1881-82.
$907,364
551,293
$349,785
$356,071
1882-S3 was as follows:
Net earnings, as above
Taxes and rentals
Car-trust interest
Interest
1882-83.
$1,077,113
727,328
-
$80,000
169,600
$319,785
541,380—790,980
$141,195
mortgage bonds
Deficit for tlie year
Postal Telegraph Co.—A dividend of 33}<j per cent in
bonds and 33pj per cent in stock of the Postal Telegraph Com¬
pany
has been declared to stockholders of the
Electro-Graphic
Manufacturing Company, on condition that for every 300
shares there shall be paid $1,000 in bonds and ten shares in
stock of said Postal Telegraph
Oct. 1. The books close Sept. 25
Company. Dividend payable
and re-open Oct. 1.
THE CHRONICLE.
322
[Vol XXXVII,
COTTON.
Friday, P. M.. September 21, 1883.
^Ixe Cmxxnxmml jinxes.
COMMERCIAL
EPITOMK
Friday Night,
Sept. 21, 1883.
The weather has continued favorable for the autumn trade,
and fair progress has been made in business for the season.
Prices
somewhat less
depressed, and the tone of mercantile
improve. Still, there is no very decided or
important feature to note. The weather has been warmer
and otherwise favorable to such late crops as escaped the frosts
mentioned last week. The course of speculation, though not
circles
are
seems
to
active, has been towards higher prices for staples of agricul¬
ture, somewhat checking the export movement.
There has been a more liberal speculation in lard and in sym¬
pathy with the stronger tone in the corn market, prices have
somewhat improved. It is noticed, however, that the market is
subject to frequent and quick changes. To-day, after opening
firm and advancing, the feeling became easy, and at the close
little or no advantage for the day had been gained; September
options sold at 8‘40c.; October, 8‘32(a8 35c ; November, 8’04@
8'05c.; December, 8’01@8 05c.; seller year, 8@3 01c.; January,
8 05@8’08c.; February, 8 10@8T5c.; closing dull; October, 832@
8*34c.; November, 8 0b*c.; December, 8‘01@S*02c.; January,8’04@
8 05c ; February, 811@812c. Pork has had a better business
on the spot, and after declining freely is now steady at $12 25
for mess, $17@17 50 for clear backs.
at
$18@19 for Western.
Beef hams dull and easy
Beef about steady at $17 50@19 for
city extra India mess.
Bacon has ruled dull and is now nomi¬
nal at 7c. for long clear.
Butter is steady at 27t^@29c. for
Cheese rules firm, though rather slow, at 10%@llc.
Tallow is quiet but steady at 7%c. for
Stearine is firm at 9c. for prime; oleomargarine sells
The Movement op the Crop, as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening (Sept. 21) the total receipts have reached 96,819
bales, against 64,348 bales last week, 33,308 bales the previous
week and 22,971 bales three weeks since; making the total
receipts since the lstiof September, 1883, 194,475 bales, against
160,478 bales for the same period of 1882, showing an
increase since September 1, 1883, of 33,997 bales.
Sat.
Receipts at—
Galveston
3,316
Indianola, Ac.
•
New Orleans...
prime.
well at 8%c.
Rio coffee has
a fair speculation
9%@12c.; 900 cases 1882 crop, Ohio, 10@15c.; 200 cases 18S2
Ohio Little Dutch, 18c.; 200 cases 18S2 crop, do. Havana
seed, 15c.; 100 cases 188C-S1 crops, Ohio, 4@l0/£c.; 400 ca;es
1882 crop, Wisconsin Havana seed, 12>2@18c.; 500 cases 1882
crop, State, 12@15c.; 350 cases 1882 crop, State Havana seed,
18@20c.; 200 cases 1882 crop, New England wrappers, 15@30c ;
and 150 cases 1882 crop, do. Havana seed, 25c.; also, 400
bales Havana, 80c.@@$l 17} L
In naval stores little has been done, and with an
irregular
tone at the South the feeling here has not been satisfactory;
strained to good strained $1 52}£@$1 60, and spirits turpentine
40@40/>2C. Refined petroleum has been advanced in sympathy
with crude and a strong feeling abroad ; 70-degrees Abel test is
now 8}£c. for all October and
early November delivery. Crude
certificates were active to-day, and foiced up from $1 14/4 to
^1 17/f ; at the close there was a re-action downward to $1 15/4*
The daily deliveries are now much in excess of the runs. Ingot
copper has been more active and firmer at 15 /fc for Lake;
other brands, 14?£(c 14;ic.
Lead lias been a feature, 1,400 tons
selling at 4,30(ri4 35c. for common and refined. American and
foreign irons have been generally dull and almost nominal.
The speculation here has been small arid at lower prices. Lin¬
seed oil is firm at 56(0-57c. for city and f5c. for Western ; crude
menhaden oil, 39^4ie. Lard, 65@70c. Hops are still (juiet at
2C@25e. for seedling 1883 and 26(g31c. for State 1882. Wool is
firm for fine giades, but the demands are checked
by the low
water in the New England
manufacturing districts.
Ocean freight steam room has been fairly taken
by the grain
trade and rates have been steady until
to-day,when the London
steamers accepted a decline. The small
simply of petroleum
tonnage has checked the demands from that quarter and main¬
tained firm rates. Grain to Liverpool
steam taken to-day at
3%d.; cotton ^d.; flour Is. 6d. per bbl. and 12s. 0d. per ton;
bacon 12s. 6d.; cheese 15@20s.; grain to London
by steam 3%d.;
do. by sail to Lisbon at 13‘4c.; do. to
Antwerp by*steam quoted
4%d ; refined petroleum to Amsterdam 3s. fid.;' do. in cases to
the Levant 20/2C., if Alexandria 21%c.; ciude do. and
naphtha
crop,
*
to Hav:e 4s.
%
3,279
....
3,727
392
1,636
814
437
....
Brimsw’k, Ac.
....
4,056
3,319
....
....
....
....
629
316
365
....
....
Norfolk
537
742
....
....
West
Point,Ac
Total.
3.036
21,440
1,085
1,035
17,818
4,455
5,644
605
4,611
130
130
4,801
24,037
339
339
2,934
17,990
....
2,830
101
Fri.
.....
....
2,442
Pt. Royal, Ac.
Wilmington
Moreh'd C.,&c....
1,068
571
3,639
....
3,726
....
....
3,611
....
....
2,954
3,525
....
2,178
....
3,110
•
•
•
75
75
286
1,931
•
234
....
....
....
696
826
963
....
....
....
70
70
1,141
1,419
4,905
New York.
Boston
•
Baltimore
•
•
48
•
....
0
110
Totals this week
11.742
m
m
67
m
29
1
126
242
....
377
377
25
4
69
471
11.760
15.195
14,087
22.166
9G.819
....
....
21.869
1,119
29
263
....
Philadelp’a, &c.
....
.For comparison, we give the following table showing the week's
total receipts, the total since Sept. 1, 1883,
and the same items for the corresponding
This
Since
Sep.
1, 1883.
Week.
and the stock to-night
periods of last years.
1882.
1883.
Receipts to
September 21.
latterly been quiet in a legitimate way, but Galveston
has been noticed at generally steady price.-)
Indianola,«fec.
until to-day, when a realizing movement brought about a de¬
New Orleans...
cline. Fair cargoes on the spot quoted at 10@10ljc ,the latter for
Mobile
new.
The options were sold to-day as follows : October, 8 30c ;
Florida
November, 8T5@8’20c ; December, 8T5@8*20c.; January, 8-20c.; Savannah
February, 8‘25c.; March, 8’30(0)8 35c.; April, 8’30@8 35c.; July,
Brunsw’k, Ac
8 60c.
Mild grades have received some attention, Mara¬
Charleston
caibo particularly, at recent prices. Rice has but a jobbing in¬
Pt. Royal, Ac.
quiry. Molasses is now firm and actively called for; 50-test
Wilmington..*.
refiniDg is quoted at 26c., and a large cargo sold to-day at
M’head C.,Ae
24c. flat.
Raw sugars have been advanced, and to-day a larger
Norfolk
business was reported; altogether the feeling at the moment is
West
quite satisfactory; fair to good refining Cuba 6%@6Mc. Refined New Point, Ac
York
has ruled steady and moderately active at 8%@c9. for hards
Boston
and 8 5-16@8%c. for standard “A.”
Kentucky tobacco has been active, but only part of the sales Baltimore
(embracing 700 hhds, 200 of which were for export) have been Philadelp’a,Ac.
made public on the basis of 6@7>£c. for lugs and 8@12c. for
Total
leaf. There now little doubt but that the recent cold weather
retarded and stunted the present crop. In seed leaf there has
been a large movement at very firm prices. The sales embrace
8,500 cases, including 4,200 cases 18S2 crop, Pennsylvania, 12@
17c.; 63S cases 18S1 crop, do., 9@12>2C.; 300 cases 1880 crop, do.,
1,140
....
Thurs.
4,188
Florida
Charleston
Wed.
1,013
Mobile
8avannah
Tues.
6,814
...
creamery.
for the best factories.
JMon.
Slock.
This
Since Sep.
Week.
1,1882.
1882.
46,277
2,535
32,726
19,148
44.279
38,078
1,085
17,818
1,022
3,592
514
8,GOO
15,342
54,482
15,444
4,455
6,784
4,742
7,645
6,107
3,379
130
354
74
161
24,037
49,470
19,184
44,767
32,623
22,972
339
454
667
66 7
17,996
36,208
14,3GG
27,536
25,391
16,202
75
457
1,931
4,123
1,913
2,870
70
235
142
28 2
4,905
9.6S8
2,350
5,054
21,440
24,569
•
3,213
2,216
7,019
1,883
97,218
54,593
3,855
6,657
5,130
3,293
160.478i280.304
152.104
29
276
212
321
449
377
449
116
458
471
1,768
120
1,206
96,819
194,475
77,223
788
418
'
1883.
1882.
Galvest’n.Ac.
22,525
New Orleans.
17,8 IS
Mobile
4,455
21,037
CharTst’n, Ac
Yilm’gt’n, Ac
Norfolk, Ao..
5,758
20,470
8,690
4,742
27,830
S'nce 8or»t. 1.
191.475
IS.006
1379.
22,026
6,608
17,594
18,606
6,022
1878.
14,048
19.872
8,373
9.776
3,798
33.849
24.022
32,652
30,438
15,361
23,564
2.539
4,276
19,011
4,096
5,812
12.861
2 1,634
18,370
22,630
4,009
8,813
2.307
4,065
3,610
3,343
«_>
112,293
136,113
127,7.9
98,863
160.478
295.02!
321. M3
243.636
246.458
6,32 t
1,588
96,819
1880.
19,184
2,091
Tot. this w’k.
1881.
we
seasons.
14,366
2,055
18,071
All others
1.790
comparison may be made with other years,
give below the totals at leading ports tor six
Savannah....
17
'
7,443
2,048
1,065
1,117
1,419
In order that
Receipts at—
1883.
1,3.74
r*
l
-
0
*7
4 , - -
.
Galveston includes lurtUiuola; diaries ton includes Port Rovnl, Ac?
Wilmington includes Mpreiiead City, Ac.; Norfolk includes City Point, Ac.
The exports for the week ending this evening reach a total
of 37,200 bales, of which 13,816 were to Great Britain. 9,914
to
France and 7.476 to the rest of the Continent, while the stocks
as made up this
evening are now 239,301 bales. Below are the
exoorts for the week and since September 1.1833Ik itIt Etidi ng S-nt
Export ctf to —
Exports
Great
from—
Brit'):. i ranee
Gdlveston.....
New Orleans..
*
21.
From Sept. 1.1SS3, t.c isn’t. 21, iod.
Exported to—
Ccnti-
Total
runt.
Week.
Great
8.572
...
0
3,957
~>“J
Conti¬
Britain. Frame
,
.
„
.
0 540
0,9:5
19.372
24,355
0 679
379
7i;S
9,3; 2
11075
0,766
,
nent.
1,!50;
i
Total.
4.7*2
13.5.5
Mobile
Florid*
......
■
Savannah
....
'
Charleston *...
.
Wilmington..
......
....
Norfolk4New York
Boston
...
....
...
9,305
B .ltimore
5,916
l*alladelp*a,&c
1.317
Total
19.816
Total 1882...
1 1.697
+
*
5,927
4,0:0
3?y
•
3,326
9,220
40 234
5,096
10,771
1,991
7 98
>
1,377
1,991
0,014
7,476
3-7,209
45,333
17,230
15,460
73.00 L
3 513
4 96ft
23.17ft
57.780
0 H47
$ 965
73 092
•
Includes exports from Port Royal. &c.
Includes exports from West Point, &e.
nt^iwmu
CHRONICLE.
THE
]
September 22, 1833
In addition to above exports, our telegrams to-night also give
the following amounts of cotton on shipboard, not cleared, at
the ports named. We add similar figures for New York, which
ns
prepared for
are
special
our
use
by Messrs. Carey, Yale &
323
The Sales and Prices op Futures are shown by the following comprehensive table. In this statement will D8 found the
daily market, the prices of sales for each month each day, and
the closincr bids, in addition to the daily and total sales.
Lambert. 89 Broad Street.
21, AT—
Coast¬
wise.
S'®
Stock.
Total.
Other porta
7,359
2,527
None.
None.
1,300
1,840
2,300
3,062
200
None.
100
Total 1882
Total 1881
10.571
None.®
1,050
4,190
4.200
6.700
8,273
43.011
~
**
None.
1,642
2.082
3,400
None.
800
None.
2,700
1,600
Nono.
None.
5,000
9,005
12,528
11,629
9,151
45,316
234,988
2,869
«
17,817
52,849
4,119
2,834
6,SS0
9,120
8,897
6.188
2,082
S.500
»o
—.
I
■
Sept. 21.
Ordiu’/-^tt>
7 1 :5 i
ITCoit T»e«
.
~
.
®
"-*■ J.
so
ewg
7c
m © >-t
o
Strict Ord..
8%
Good Ord..
!>Hs
Str. G’dOrd
9*4
Low Midd’g 10
Str.L’w Mid 108,6
Middling... 10^8
Good Mid.. 10»4
Btr.G’dMid 11
Midd’g Fair
Fair
11
12
Lj
4
Wed
713,6
7151 r>
83,6
8 3q
88a
8;,s
85s
98,6
9:b6
9:h
934
83,6
858
©>
o
10
10
10
1014
IOI4
103,6
10316
10T,-n
10TKj 107I6
103s
1034
io;is
1034
10-M
10^8
105s
tl
1 1
11
11
11
nhi
1 1 I4
1134
g
12^4
1214
l21o
Frt.
Til.
Ordin’y.^Ib
715|(5
Strict Ord..
8^8
Good Ord..
9s 16
Str. O’d Ord
984
Low Midd’g 10
Str. L’wMid 108 |c
S 3q
93,6
934
10
Wed
C3
%
®
^
1 ©
:
-j
i-< —1
Til.
no
r—
00
®
it- CO
8 3g
8 34
9"io
99,6
10
10
10 q
Ids
10:t8
-
IOI4
10
10
lOU
104,
1031b
103,6
10~ift
10",«
109,6
107,6
Middling... 103y
Good Mid.. 1034
IO«a
lOLj
105g
107s
] 1
10 3s
11
Btr.G’dMid 11
1L
li'B
11%
123s
III4
11 34
1 1
103,
1118
113S
105g
10^
12 U
12L>
Midd’g Fah
1 lb
Fair.......-J 12U
118!
12*14
STAINED.
L4
ll-\
Sat.
Good
Ordinary
Strict Good Ordinary
Low Middling
73«
Middling
11
11*4
11 34
1212
U7S
12 r,s
1
^
99
<
O' M
®
OiM
(*-
©
^
tO -1
1
99
©©
©
—4
M —
©
0
-l-'l
1
®
1
k-*
h-k
0 0 c
0
©c
©0
O
©
© ©
ccto
0
©. ©
©. ©
0:
m1-1
p— —•
£
-‘id>
*r ®
-I -I —I
CD ®
© OO
u
M M
©
©
<1
®
©-*
1 «>
O
V-
r-»
M
—
1-
©
k—*
6
c
*
©
"-7*
I
<
®
li —
© -I
r
^“1
1
M
to
V
^
^©:
m4
Or*®
—i
CD
-1
1.
&■«* !
M —
M-k
-
J
—
MM
M ©
M ©
1
,
M
M
h-4 ^
to-4
M M ©
to-*
r*
to-4
913.6
9’*3,6
913.6
915,6
X
M
cc
CD 0)
<f-
to
r- -•
to
cc
c ©
glance how the market closed
on same
days.
CLOSED.
Sat..
Mon
Tries.
Wed
Thurs
Fri..
.
.
port., sump,
Firm at is adv...
Firm
Quiet and Steady
500
Steady
210
Quiet and firm
Steady at’s adv. 1,717
.
.
-
•
.
Total
The
| Spec- Tranut'Vri\ sit. j
82G;
....I ....!
Con-
Ex-
2.457
•
1.914
....|
519
....!
1,204 2,400
743
1,250
6,150 4,1 SO-
daily deliveries given above
are
FUTURES.
....
....
....
_
.
.
Total.
Sales.
826 23,3,800
1,914 113,100
519 140,0-10
4.104 118.400
983 93,400
4,717 133,S00
...J 13,093
832.500
Deliv
cries.
400
200
300
300
300
300
1,800
actually delivered the day
previous to that on which they are reported.
..
....
....j
1,7S0;
-*
a.
<
®
^
tOXto^
1 ®«:
CD
©
© © © X)
© D
-1
O'
10
—
1 d
M
M
-1
©©
r—4
to
r-
—
to
r—
H4
^
®
c ©
M 10
M
©
CC
©0
M®
■-»
O'
1 ft
qo
k—k
k-M
—
M
to-* »~*
M-©
► «.
17*0*7
c
©
m
O'
O' M
to
►— r—
77
M
to 'l
^
© O'
M
M M © m
M
<j
r— M
®
©.©
n
© to
© -o
©
-1 ©
MM
to
to- •—»
td c m
^
10 M
tO X)
©
to to
**
©. O'
'
m
M r-
© M
r-
to-
id td C id
id id C td
to 00
© ©
f—‘
cc ©
©
-1©
MM
to
to-4 r-
^
to-» to-»
k
'-‘7;
CO©
®
© ©
^
co to
w®
1 ft
*1
®
<-s
U*f
|
to1-3
1 ftw:
MH]M
ft ©>:
M
7*707*
M M Q
10 I0i
) r:
10
m
ic
C td
r~*
4
5
2
-
-
r-
—*
oi
2
oc
o o
”
I 3> lb*!
1 ft
1
to
77
m
HM*km
-.M
ci
^
u
CCO
to
7 7
<j
®
^
©co
©. O'
to-* --
MM
to
to- >*-
<1
®
4* M
© to
l
i ft m:
w
CO
n
Cf)r-
to-»
*••*'-©
to-»
©
**
1 ft 01:
7
M M
ft
m2u
M © M
cd C ©
to- »—
w©
C©
©
if* +*
C rf-
M M
w
^1 M
®
,x -)
©
CD O'
10
M
M m
to
<*
MM
to
to—
to—
to
1-
to
if* M
©
©©
•s
>1— to-.
© ©
;
*“*
to
M M ©
7
MM
®
"s
|U M
:
1 ft'
M
to- toJ
to-4
M M _
M M
57
M
1 ft
M
—
M
r-* —
^
to-*
M M
C V
d«
4I
©
M M
c.- Cj
©
-1 ©J
to.
©
M'O
m
®
©
© c*
to-k
to
-1
MM
<1
©
mmXm
MM
cr. co
r. m
M
©
<1
®
C|i“>
7*7*
M
M M
a
-*
Mr-©--*
© - = 6
©
_|
o'*
Mm-^m
—Cm
M M
I
r—
®
1
i
6
C
£
^
ft *t*:
M
© M
!
1
I
1 ft
1 ftw-':
M-^.M
©
3
tc
M0©
rT'
M-k
^
C
<
1 ft 10 !-
c 0
O' X
M ^
5 ©
I
hs
®
© X
| ft-r
®
x
to
cc
MM
_
o
-i
MM©)—1
MM- to-*
O' M
I I
1
©
M —
2
O'
?o9|
•—*
M
M h*
© M
cd
c
m
77
<
M ©
to- to-
Cb
^
©J©
M
M —
M
O'
77
<1
4—
-if*
^
to-.
ftl
1
to
M
-4
MM,O'-
•c
M M —_ M
OO
CD M
I I
§!
C0MC4
<1
O' O' © O'
C
,
•g
M
ct>
1 ft
MM© —
*1-1
M
O' O'
1 aito:
M M
M M
!
SALES OF SPOT AND TRANSIT.
8POT MARKET
*19
C M
MARKET AND SALES.'
The total sales and future deliveries each day during the
week are indicated in the following statement.
For the con¬
venience of the reader we also add a column which shows at a
I s yi:
i—■
—*
i
CD©
© © C
k—k
M
-1
CD
►_*
1 ftr1
10,
^
◄
K-4 k—*
--
®
®
913.6
© r>
O
ll7s
125s
913,6
c©
to-f
to-*
-
—
—
11 34
12 Lj
9
to
r-* *-*
MM
to
87s
00
7
^
87s
o
®
“
MM
87s
M
05 o
i) C i)
X
© A>
c o
l ^ to:
M
M
M
V
1
•n5s]
QD -J
«
C CD .j
c
M —
M-4
®
M
©
ftit*:
<
CD®
i s)vi:
M M
U
1
99
C©©©
*>
M
<
9
—
MM
to
mm
8°i0
>
to
to-»
r—
MM©
‘-1
HH
M —
1 ft)C
;
M
^
CO © ©
®
to M
O' X r
it-10
® ®
to—
©
M M
tO-
®
-1
to"-
©
id c id
M ©
-1©
>
99
b
1
©
^
ft ©:
M b —*
1 ®cs:
2
8*
»rO^
©
M-
CO O'
®
CD
COoO
M
c©o
%
<©©
M
k—»
C CD
C 01
M-i
_^
to
o©o©
-1 -t 0 -i
a>
00©
CC CD O
J.
<
®
-i -j
-j ©
M
M •—
©o©o
© -j 0 ©
l ©r I
.—
9?
0-4
CO
mm-,—*
—
M ©
CC
©CD
MM
r-+
,
© 0
C5
to ©
I
=
-IIC
©©
*y ^
p—
M
—•
•<
1 ©» J
—
c —
j
1—
© ©
CD O ©
1 M
—
®
©
©
-1 CD
M
I
9
CO
m —•-*
I ftp:
I
®
2
**
I & -£>:
£
O'^
M
-1©
O
l ®o:
^•t-aoM
c 0 © 0
©©c©
©*-*
S,
CO
»
1H4
87s
•“•Vl
Ml-*® —
I fc’ri:
V
O' O'
1
^
©
co 0:
-«i
®
©-1,0^
%
©
M M
9®
^
®
—7_> 1—1
© ©0©
-1
<
®
©o
10-4 to
M
K-* —
99
c. ©
© O'
to
;
^
%
CDm^
it.
<
®
to
6»
i w
99
>— —
C
Oi
©
to
©
O"' C
to
M
—O*”*
M
CD©
1
M
-
^
r-»
O' wO •“-*
1 ©.-4:
to
©o
®
-5
O’l O'
^
M —
■
O' M
©.©ob
COCf^'1
1 Q CD:
®
M-oo-*
©OoC
-1
-1 ©
CD ©
if- *J< c
Ol 0
0
tf--.^
M — b M
OOoC
cit o’l O Ol
—
h-
© ©
M
<
®
M M
<J
©.
if-
87s
®
m"*
I ®i-*:
if-or
d>©°di
*vl ©J
83.6
O' M
©
cc
83,0
O
co 00
do
83.6
1*- if-
99
Cj'i -Ji C ui
©
83.6
<
OC
CD
►— ^
9?
O O
O
WMCco
® M
CO-
to
® ©
O' •—1
M
© © Q
M
—v|M
OC© 0
M
CO
CD
C
©©OC
Ol©
cr -i
o< ©.
MMtjW
M if-
:
M M 0.
COaO
iC
<
MM IC
^
1 «D
©©So
©
--1
©
_
®
c. -1
CO
to
<
®
1
® tc:
CO Ol
M ©
99
%
coco
**
>
—
to
CD
1
«
?» Su
0©
Mb —
©©oO
O' 61 C iii
M
OO
©.
M
"4
r-
Oco
CD
C©
-i
>*-
—
®
diaica
r* k—*
1
%
1 ^ h:
©
C oC
1
o«
© M
c © ©O
-
if-
10 34
ills
113a
7_L2
^
>-»
h-* -1
Cc O
jL c
10 5g
11
73s
73s
0- M
109,6
738
J
^1*-*
CO c 0
1 so:
*-•
1
£*. XtCO 0
1
►-» k—*
>
CO
%
if—
107,6
FjtL
73s
<5
ct>
11- CO
tc to
<
OC
©c
CD
00
to O' *-*
1—1
IOI3
103s
Til.
»-*
r- r—
83,6
JTIoii;Tues Wed
O
*-.uCM
>.
Fri.
H58
U4
^
00 c
K-
>
*,
•
*»
®
>—•
c®
1 0)
k-i
o*
MM
!
CD
HU
1134
12i2
9”l6
0®
rflc is
to.
11
9hft
— — t-4
%
&.
U>38
9"ib
l
1 &
rJ
tc
O©
10 58
II
8;>s
O
a>
<
m
o»
I-* f*
as
Z-~<x>£
-§55*
1*1 O
S§L
fe!
*
>3*
B
~
c 0«
M
— —
10 5s
11
9”ic
9°,«
9"a
®
m
It* CO
00
tow
0
8 3,6
—
CO
rfi
COoO
V< Ol * ifa*
v
83,6
ft
to -1
1 &o:
i1
85ib
83,s
&
V-
CO
CO
HHvl-
1
Wed I Til.
-i
:§
CO -J
1
Fri.
W
CD
>
◄
CO CO
ci>
1014
12LJ'
.
to
>
PS**
Sc©
£
M
C C
—
1014
1I34
113,
:
:
•- ~
® «3*
OObO
c* Ol^
c w
107,6
07, e
”
S’8» ®
•
a£g2
ao ® ®
®
•
CD
if*
107,6
HU
U3t
12L}
1134
11 34
121-2
10
b'lc,
838
8 ‘ 1c
8 >2
lO^S
U
9Tia
10
CP3
r*lL O'
r> 're®
if*C
--
cw
IOI4
1014
113a
121o
8 5^
10
10
11
n hi
8-3,6
8 3s
9",«
!*"ie
9" 16
5,716
10
8:<,o
858
ts
.
*sj
-i
Mi-*
r-
83,6
c
V,
o
*3
g:.
.
:
®
0.
Q *>
•
Q7jap£
9®*g*
»
B-a> w
P on -
o
JIonTno*
Sat.
•
’
>7 00
rr
TEXAS.
MonTnes
Sat.
* *
®
•
to
C
I
Sf ® ® so
*o
^ T5
;
c
b :
.
P
sEoq
rt
® '
MW
Sate
©
®
:
P 1
crj
•
,
NEW ORLEANS.
.
O 3. E-*®
00 C3 ® P*
® -
js
o^odo
2
fcJ
•
.
Cotton for future
UPLANDS.
f3 ®
cN
;
CO
delivery has been less active and less buoy¬
ant in the past week.
The speculation for the rise has fallen
off materially.
It received a severe blow when on Tuesday
Liverpool failed to respond to the advance in this market on
the afternoon of Monday, and some of the Southern markets
showed weakness.
New Orleans alone showed strength, and
it became evident that the recent important advance received
its impulse and principal support from that market.
The
decline from the close of Monday to the lowest figures of Wed¬
nesday was from 10 to 20 points, except for September, which
yielded only 8 points and brought nearly the same figures as
October. There was some recovery in the later dealings of
Wednesday, and Thursday after a dull opening showed more
strength, and closed slightly dearer. To-day the opening was
strong, followed by a gradual advance, until the close was 7
@11 points dearer and 2@4 points above the closing figures of
last Friday for the distant deliveries, and 9 points dearer for
September. Cotton on the spot further advanced }gC. on
Saturday last.
There has been a good business for home con¬
sumption, with some export, and Tuesday afternoon 2,400
bales were taken for speculation. To-day there was an ad.
vance of J8e
with a large business reported done last evening
for export and speculation, middling uplands closing at 10} £c.
The total sales for forward delivery fry the week are 832.500
bales. For immediate delivery the total sales foot up this week
33,003 bales, including 2,457 for export, 0,456 for consumption,
4,180 for speculation and
in transit. Of the above, — bahs
were to arrive.
The following are the official quotations for
each day c? the past week.
5* 2.2.2a
p rf-
.
•
120,454
264,043
31,650
77,054
:
:
6.107
21,201
25,923
29.805
4.937
88.71 S
14 yso
None.
5.000
Total 1883.
•
ISO
None.
a
P<>— M
■
505
None.
None.
31
® *
83 M ®
r-83’3
•
•
New Orleans....
Mobile
Caaneston
Savannah
Galveston
Norfolk
New York
e2.£S
®
V® ®
Leaving
[ Other
| France. 1Foreign
Great
Britain.
S* rs Pa
Shipboard, not cleared—for
On
SEFT.
rs
OTjoo®
®
:
:
:
:
mo8c^.
© M
I
I
Transferable Orders—Saturday, 10-40c ; Monday, 10*45e.: Tuesday,
■?
10'15c.; Wednesday, I0-45c.; Thursday, 10-4Te.; Friday. 10-50e.
Short Notices for September—Saturday,
10-3b® 10- 10c.; Monday,
10-3G^10-tlc.
>Ve have included in the above
table, and shall continue each
week to "ive, the average price of futures each nay for each month,
it
will be found under each day following the abbreviation “ Aver.” The
average for each month for the week is also given at bottom of table.
The following exchanges have been
100 Sept. s. n. loth for reg. even.
•38 pd. to cxclt. R,OOo Jan. for Apr.
•35 pd. to excli. 100 Nov. for Feb.
01 pd. to excli. 3O0 Sept. s. n. 10th
regular.
100 Sept. s.u. 10th for s.n. 22d even.
•08 pd. to excli. 500 Jan. for July.
•14 pd. to excli. 400 Jan. for Feb.
for
made during the week:
01 p;l. to excli.
for regular
100 Sept. s. n. 20th
Liven—100 Sept. s. n. 21st for reg*.
•22
•25
•27
•22
pd.
pd.
pd.
pd.
to excli.
to excli.
to excli.
to excli.
500 Oct. for Dec.*
300 Dec. for Fel).
100 Jan. for Mar.
400 Nov. for Jan.
THE CHRONICLE.
324
[VOL. XXXVIL
The Visible Supply op Cotton to-night, as made up by cable
and telegraph, is as follows. The Continental stocks, as well as
those for Great Britain and the afloat, are this week’s returns,
and consequently all the European figures are brought down
the same towns have been 14,649 bales more than the same week
last year, and since September 1 the receipts at all the towns
are 20,309 bales more than for the same time in 1882.
to
the table below we give the closing quotations of middling
cotton at Southern and other principal cotton markets for each
Quotations for Middling Cotton at Other Markets.—In
Thursday evening. But to make the totals the complete
figures for to-night (Sept. 21), we add the item of exports from
the United States, including in it the exports of Friday only.
.
8took at London
.
Total Great Britain stock
Stock at Ham ours
Stock at Bremen
8 ock at Amsterdam
Stock at Rotterdam
Stock at Antwerp
8cock at Havre
Stock at Marseilles
Stock at Barcelona
Stock at Genoa
1883.
1882.
1881.
1880.
765.000
49,500
539,000
75,800
693,000
44,300
534,000
52,900
814.500
614,800
2,900
737,300
586,900
4,200
26,700
18,100
2,530
24,000
9,900
9,090
42,200
21,800
1,600
7,700
1.S00
300
2,830
2,300
97,000
111,000
1,600
23,000
11,300
168.000
4,300
14,000
72,300
8,540
40.100
7,000
5,700
7,900
4,000
199,400
308,330
184,451
3,800
41,300
31.900
10.000
49,000
11,000
10,000
8tock at Trieste
255,400
.
36,000
)
27,000
Stock in United States ports
Stock in U. 8. interior towns..
United States exports to-day
280,304
207.000
53,000
15,000
152.104
54,559
17,313
14,000
341.097
87.191
6,000
5,600
8,680
12,000
1.625.763 1,264.217 1,749,598
,332,533
.
..
Total visible supply
Of the above.the totals of Am
rioan and other
140.000
113,000
descriptions are e
ending
Sept. 21.
Charleston...
Wilmington..
Norfolk
Boston
Baltimore.
481,000
144,000
62.000
280.304
54,559
6,000
.
St. Louis
Cincinnati...
Louisville....
Receipts
follows:
American afloat for Europe....
.
.
United States interior stocks..
United States exports to-day..
.
.1,027,863
314,000
95,000
126,000
255,173
61.009
12,090
513,017 1,254,968
893,182
190,000
52,900
East Indian,Brazil, die.—
Liverpool stock
.
,
Egypt, Brazil, &c., afloat
126.000
207.000
27,000
15,000
14.000
17,000
597,900
751,200
494,630
439.351
513,017 1,254,963
893,182
49,500
111,400
.
.
310,000
75,800
143,400
which
Total East India, &o
Total American
...
1,027,863
July
44
7iia*l-
£
P
*—
©
~
o
p^
p.
^
co
r“8??:
:
os
to
to
QD
to
CO
CO
CO
to
©
©
CO
ho
GO
O'
O
O
25
g©
5,^5e»E£§-g&£?'3.J0*§
t3g.b_g>Bases'
®
fo®*
££ ® ® g®?
O
v- r Qp N.£ ^3®- Tjjo
yjt"
r-
Oo
:
o
©
*
®
-1
.
•
.
•
<
•
;
t:
ss*:
: P
§=:
an
•
•
-
00 -*
H-*
CC0»
•- C K. © © >— ©
<t © M QC tc © ©
»Ca
to O'©to
00
Itc ^
00
©
0'<1 © CO <-> © ©
it- -J1- C © O'. -1
00 10- © to
r- 10-
-1
©
00
to
©
0-
M
<1
©
O'
©
CO
M © ►-< 0- © 0. 10.
OO -1 © to JI © O
to
© © © 1— © 00 ©
00
<1
10
I-1
©
©
if- to
©
0-
—
I-1
HCHH
►
an
•
0^0-cc©
CO©©©0-0k©XO©t-J©i-,*0©tC©lO©
co © © -i © ©
ccb©
cc© cc © to ©0-x 0-© co co © © ©
©
tv
^
tv
wC C/v
vH r- 0fj tv CT- CC tv vAv Ov Ov
t— W O' to h* © 0- X J0. ©
© 0- <1 © © © O' ©
r*
*5*
0
a
i-1
m to to to to©
0.W co c-r to CC CC to M ccL7-*Io to r- ©
OO^J©CO^10-©CCCOM©<J© Qfc CO © CO CO ©
H
0 00 O' r1 C CC 00 C l<- C © 0- © © OC ^-1 CO
r-»
©
<1
to
©
©
©
to
CO
OS
o
0O'
to
©
OS
CO CO -X © to to
CO © OO CO © 00 to
tO © © CC *•! 1—11—1
©
to
to to
to
©
©~w
GC
CC
t-1 ot to
© tc to
0- On to 00 © 00 ©
© © 0-
©
©
CO
^
^1 © © 0- 0- 0-
h- ©
b
4 © >- ©
<X> 0- © © © <11— O' © ©
W <1
O © © O' © CO 00 to © - J I-1 © ■* W-MOOOOi
© -X © © 0- © © to © 0- — C © © 0* •— X © -4
l-*
►-* to
©
to O' tO'CC
to
i“*
©» © CO M
rfs. COCO CO CO ©
t©
tt*©^I>-©M
It* © © or to © 00 to ©
CO K- CO © to ©
GD©©^JO't©»— ^lO'COCOO'©©'^©.*
CO
wek. This
•
2
£
•ss?
t—•
»—*
X
s
©
tow
M
w
s:
£ S!
r*
Cc
3
c*>
©
00
©
w
?
H-4
©
© ©
boo
►-‘-ico
CO
to
»—
©
©
C
-1 to © © O' ^
© Cf c to © CO © 4* O'
© oo cc to co © 4- © i-* rf*
O' <t± ©t r ©i © co a
O' CO © O' © © O' i-* C © O' CfS CC
© I-11-* to ©
It-
©
©
©
0*
H*
0»
to
M
to
10
©
QC *-»
h-*
M
©
1- CC
0- © to
© — to M lO OD to
to-1 © ©
-J to
to
to
M©tO
— ©1 V-* to ►-* to
H* -1 00 ©1 © — 0-
0-
O' © CO © -1
CO
00
CO
►—1
?
00
%
to
3c
-i
O'
O'
-
© t©
l©
0-
0- © 0* rC © <I
ICOiv'-'O'O'
.
M
00 to O'M to ©
^1 © <X © O' — ©
H-1 O' M to CO
►-»
CO
CC © © CC to CO
ig
*-* to
to
1
m
co
•S'
© to to to £- to O" O' © O' ©
coif*co©©c©©ao©cc©co©it'«vjtt*-©©
CO to.
a» cc to
to M tO M
cb-c-lb-l
to — o to 0- -kc c oo cc *— <i © to o co ao co ■
© 0*©-l^l *» ©^1 0-0 O to to CO woe-tot -o
S?
I*
to
to
^
* This year’s liguros estimated.
The above totals show that the old interior stocks have in¬
creased during the? week 12,360 bales, and are to-night 37,246
bales more than at the same period last year. The receipts at
10
10
1010
10*16
IOLj
10 *4
10 34
p 50
10’-2
l('l4
1034
934
10
10
1010
1010
1010
10^0
1014
10^
934
1010
1010
1010
9^8
1010
1050
1014
10'34
934
1010
1010
1010
1010
970
1010
1050
10k
10 34
934
10
9^8
978
Ids
105s
1014®%,
103*
9\
10
10
1010
1010
1010
IOI9
I0i8
10i8
the
Plantations.—The
1882.
St'k at Interior Towns.
|
1883.
1881.
1882.
72,391
71.003
42,843
74,647
65 756
33,454
81.622
1883.
9,586
11,914
13
18,199
8.142
9.U0
11,024
9,208
6.12(3
8.296
58,27 7
28.276 ( 61,629
4,815
7,064
24.440
4,811
9.706
10,305
11,365
52,441
48,273
45,371
4C.492
22.971
46,422
19,362
10,5 51
....
3
10
44
17
14
24
35.078
44
31
46,722
,
72.012
33.308
57,410
16.519'
44
14
94.052
49,512
64,348
75.452
19.115
44
21
112,293
77.223
90.819 103.779
%1881.
1882.
1983,
2,012
7,052
68 762
12,937
19.411
753
64,239
11.115
5,3
2,780
5,130
4,685
5,686
11,982
985
3,321
8,894
17,636
1,438
5.026
1,798
9,115
30.199
10,144
57,886
21,093 53/206
16,535 52,010
14.327, 50,526
15,5261 50,309
6,356
12,332
23,032
28,688
Rec'pts from Plant’n*
53,576
8.672
52,652
83,600
58,989 112,094
29.P851 75.179 140,620
9,875
24,231 22.754
29,691 37.728
52,108 69,761
88,093 113.002
almost all
has been rain
sections of the South
a few districts of Texas.
Galveston, Texas.—It has rained
lowest 73.
to
tg 53
&
o
10
so
oo»
r-n
to
10i8
10
9*oi8
throughout the State, very beneficial to general interests, but,
far as advised, doing neither harm nor good to the cotton
crop.
Picking is making good progress generally, but in a
few sections it ]ias been interfered with by the storm.
The
thermometer has averaged 81, the highest being 89 and the
0
CC
>
TJri
©7)
10
9!oi6
splendidly on one day of
the week, but we need more.
The rainfall reached one inch.
and fifty-six hundredths.
There have been general rains
0>
&»
f
is
t-: 0-
10
44
in
Eg
?r
*vtOO-40-©tO©©©lO©C-0©0-t-*©OitO
©toMM©ioco
1010
during the week, and the
prolonged drought has at last been broken everywhere. In
Texas in particular the rain is very welcome, but it probably
comes too late to benefit cotton.
Picking has made very
satisfactory progress, with some slight interruption by storms
to CO 0- 0:0; o'
t-*tO
1018
Weather Reports by Telegraph.—There
p •
0-©-iib>©cs©0-0---totoc:H|c
10
10
10
19,163
27
in
3
O85
So
10
17,818
13,062
20,536
H
ao
0-
t—*
C5
CO
P
o- ergf
p 86
P
P
Ids
10
yi°i6
lOiQ
10 h
1010
bales.
P
-•
1010
IOI4
1010
The above statement shows—1. That the total receipts from the
plantations since September 1, in 1883, were 220,498 bales; in
1882 were 173,978 bales; in 1881 were 353,375 bales.
2.—That, although the receipts at the out-ports the past week
were 90,819
bales, the actual movement from plantations was
113,009 bales, the balance going to increase the stocks at the
interior towns. Last year the receipts from the plantations for
the same week were S8,093 bales and for 1881 they were 140,620
© s
®
10i8
1881.
Sept
figures indicate an increase in the cotton in sight
to-night of 301,546 bales as compared with the same date of 1882,
decrease of 123,835 bales as compared with the corres¬
a
ponding date of 1881 and an increase of 293,230 bales as com¬
pared with 1880.
At the Interior Towns the movement—that is the receipts
for the week and since Sept. 1, the shipments for the week, and
the stocks to-night, and the same items for th^ corresponding
period of 1881-82—is set out in detail in the following statement:
The above
®
10i8
10ho
6
20
Aug.
week have been
H
1010
10°J6
1018
Receipts at the Ports.
-
o
Fri.
finally reaches the market through the out-ports.
Week
89.451
90,000
Total visible supply
,1,625,763 1,264,217 1,749,598
...
7d.
7hd.
5*»ltt d.
Price Mid. Upl., Liverpool....
oi^d.
7d.
714;L
JSyThe imports into Continental ports this
17.00^ bales.
Thurs.
10%
10'4
Ids
1014
from
cncUru)—
U
.
1010
Wednes.
RECEIPTS FROM PLANTATIONS.
146,000
44,300
150,330
140,000
284.000
,
London stock
Tues.
following table is
prepared for the purpose of indicating the actual movement each
week from the plantations. Receipts at the outports are some¬
times misleading, as they are made up more largely one year
than another at the expense of the interior stocks. We reach,
therefore, a safer conclusion through a comparative statement
like the following.
In reply to frequent inquiries we will add
that these figures, of course, do not include overland receipts or
Southern consumption; they are simply a statement of th&
weekly movement from the plantations of that part of the crop
61.009
547,000
158,000
113,000
341,097
87,191
8,680
229,000
56,000
53,000
152,104
17,313
5,600
..
Philadelphia.
Augusta
Memphis....
American—
.
Satur.
Galveston....
New Orleans.
Mobile
Savannah....
771.351
90,000
126,000
17,000
255,173
814,200 1,045,630
CLOSING QUOTATIONS FOR MIDDLING COTTON ON—
Week
981
.1,069.900
126.000
}
62,000
.
day of the past week.
lndianola, Texas.—We have had hard rain on five days of
the rainfall reaching two inches’and eighty-six
hundredths. Wre are now getting more rain than we want,
the week,
_
no serious damage has been done.
Picking
interfered with by the storm, but only partially.
mometer lias ranged from 09 to 88, averaging 80.’
but
has been
The ther¬
Dallas, Texas.—We have had very welcome rains on two
days of the week, the rainfall reaching one inch and fifty
hundredths.
Picking is progressing finely. The thermometer
has averaged 77, ranging from 57 to 96.
Brenham, Texas.—It has rained on two days of the week,
doing immense good to everything but cotton, which is be¬
yond saving. Good progress is being made in picking. Average
thermometer 79, highest 93 and lowest 63. The rainfall
reached two inches and forty-six hundredths.
Palestine, Texas.—We have had hard rain on three days of
the week, the rainfall reaching one inch and seventy-five
hundredths.
The rain was very welcome, but too late to help
cotton.
The thermometer has averaged 77, the highest being
91 and the lowest 62.
Huntsville, Texas.—We have had delightful showers on
three days during the week, and the indications are that they
extended over a wide surface.
The rainfall reached one inch
and ninety-three hundredths.
The rain can hardly help cot¬
everything else.
95, averaging 78,
ton, but helps
from Cl to
The thermometer has ranged
September 22,
c,
^Tn"IM
*r-
THE
1883.]
CHRONICLE,
-‘> ; ■>■ -vtvJ
325
Weatherford, Texas.—We have had rain on one day of the showing the height of the rivers at the
points named at 3 o’clock
week, but not enough to do much good. The rainfall reached September 20, 1883, and
September 21, 1882.
three-hundredths of an inch.
A good shower is wanted.
Picking is progressing f nely. The thermometer has averaged
Sept. 20, '83. Sept. 21, ’82.
76. ranging from 59 to 93.
Feet. Inch.
Belton, Texas.—Delightful showers extending over con¬ New
Feet. Inch.
Orleans
...Below higli-water mark
12
1
12
siderable surface have visited this section on three
0
...Above low-water mark.
days of the Memphis
3
5
11
5
week, the rainfall reaching one inch and thirty-four hun¬ Nashville
...Above low-water mark.
0
5
4
0
Shreveport
dredths. The rain is too late for cotton. Good
...Above low-water mark.
7
9
4
progress is Vicksburg
...Above low-water mark.
5
10
13
0
being made with picking. Average thermometer 80, highest
96 and lowest 63.
New Orleans reported below high-water mark of
1871 uatil
Luling, Texas.—We have had rain on two days of the Sept. 9, 1874, when the zero of gauge was changed to high-water
week, the rainfall reaching four inches and ninety-nine hun¬ mark of April 15 and 16, 1874, which is 6-10ths of a. foot above
dredths.
The long drought has broken
up with a great flood ; 1.871. or 16 feet above low-water mark at that point.
sucli a rain has seldom been seen in this section.
Picking lias
India Cotton Movement from all Ports.—We have
been interfered with by the storm, but
rearranged
strange to say no our India service so as to make our
serious damage has been done to open cotton.
reports more detailed and
Farmers and
•
O
ranchers
are
at
last comforted.
The thermometer has
at the same time more accurate.
We had found it impossible
to keep out of our
figures, as cabled to us for the ports other
aver¬
aged 81, the highest being 98 and the lowest 61.
New Orleans, Louisiana.—It has rained
on
two
the
than Bombay, cargoes which proved
only to be shipments from
India port to another. The plan now followed relieves us
days of
one
week, the rainfall reaching twenty-three hundredths of from the
danger of this inaccuracy and keeps the totals correct.
The thermometer has averaged 80.
We first give the Bombay statement for the week
and year,
/Shreveport, Louisiana.—We have had generally cloudy
weather during the’ week. Almost one inch of rain fell on bringing the figures down to September 20.
BOMBAY RECEIPTS AND SHIPMENTS FOR
the 15th inst., it being the first good rain
FOUR YEARS.
in nearly three
an
inch.
months.
The total rainfall
twenty-nine hundredths.
'Cl to 95.
for the week
was one
inch and
Shipments this week.
The thermometer has ranged from
Vear
Great
Brit'n.
Conti-1
J
Shipments
Great j
Britain
.
since
Jan. 1.
Receipts.
Conti-.
,
This
Week.
Since
Continent.
Total.
Total.
nerd.
nent.
Jan. 1.
Vicksburg, Mississippi.—It has been showery on two days
| Total.
I
of the week, the rainfall reaching
seventy-seven hundredths 1883
5.000 5,000 415,000 734,000 1,229,000 4,000 1.551,000
of an inch
5,000! 5,000,74.0,000:000,000 1,34 0,000 4.006 1,619,000
Picking is making good progress, but planters 1882
1881
are holding on to their
Si 6.000 3.000 1.158,000
crop on account of the delay in 1880 2,00b 6,000! 8.000;304,000 542,000
1.000
1 1,000'356,0001433.000 839,000 1.000 1.080,000
ginning. The thermometer lias ranged from 63 to 93, aver¬
aging 77.
According to the foregoing, Bombay appears to show the
Meridian, Mississippi.—Telegram not received.
same ‘
receipts during the week as last
the shipments
Columbus, Mississippi.—We have had a drizzle on one day for the week are also the same as year,
iu 18S2, and the
of the week, the rainfall reaching but one hundredth of
an
shipments since
inch. Many planters report that with favorable weather The movement January 1 show a decrease of 111,000 bales.
at Calcutta, Madras and other India
ports for the
picking will be about finished by the fifteenth of October. last reported week and since the 1st of
January, for two years
There is literally no top crop.
Drought and rust have caused has been as follows. “ Other ports” cover Ceylon,
Tuticorin,
rapid opening. The thermometer has ranged from 59 to 94, Kurrachee and Coconada.
■averaging 79.
Little Bock, Arkansas.—It has been
cloudy on two days of
Shipments for the week.
Shipments since January 1.
the
*•
week, with rain
and the remainder of the week
ninety hun¬
averaged 72, the
highest being 86 and the lowest 60.
Memphis, Tennessee.—We have had light sprinkles on two
•days of the week, the rainfall reaching seven hundredths of
an
inch. Picking is general, and
making good progress
throughout this section. Average thermometer 72, highest
92, lowest 58.
Nashville, Tennessee.—We have had rain on one day of the
week, the rainfall reaching forty-nine hundredths of an inch.
Crop accounts are less favorable, drought having cut off the
top crop.^ The thermometer has averaged 73, ranging from
•
•
•
•
on one,
lias been clear and pleasant.
The rainfall reached
dredths of an inch.
The thermometer has
59 to 89.
Mobile, Alabama.—We have had light showers
on
two
days
-of the week, the rainfall reaching twelve hundredths of an
inch.
Picking is progressing finely, but planters are holding
on to their crop.
The thermometer has ranged
to
from 69
92,
averaging 80.
Montgomery, Alabama.—The weather has been warm and
-dry during the week, with very light rain on two days, the
rainfall reaching eight hundredths of an inch.
Cotton is all
open and picking makes excellent progress.
Picking in this
section will be nearly finished next month.
It is estimated
that cotton will be short fully one-third and
perhaps more.
The crop is being marketed freely.
The thermometer has
averaged 75, ranging from 66 to 90.
Selma, Alabama.—It has rained on one day of the week,
and the remainder has been pleasant.
The rainfall reached
thirty-six hundredths of an inch. The thermometer has aver¬
aged 77, the highest being 89 and tiie lowest 65.
Madism, Florida.—It has rained on one day of the week,
and the remainder of the week has been
pleasant. Crop
accounts are less favorable.
Planters are sending their crop
to market freely.
The thermometer has ranged from 03 to
90, averaging 80.
Macon, Georgia.,—It has rained on one day of the week,
and is now cloudy.
Picking is making good progress and
planters are marketing their crop freely.
Columbus, Georgia.—It has rained severely on two days of
the week, the rainfall reaching two inches and
forty hun¬
dredths. The thermometer has averaged 80, the
highest being
86
Great
Britain.
Calcutta—
1883
1882
Madras—
1S83
1882
All others—
1883
1882
Great
Total.
500
300
Total all—
1SS3
1882
Britain.
500
300
84,700
10,800
105,700
32,000
13,500
56,900
1,000
4,600
14.500
61.500
95,500
137,700
2,500
500
3,000
4,200
200
4,400
33,100
43,000
6,600
26,700
40,000
69,700
4,700
200
500
4,000
3,300
131.600
205.600
18,400
63,300
150,000
268,900
2,800
The above totals for the week show that the movement
from
the ports other than Bombay is 1,600 bales more than
same
week last year. For the whole of India, therefore, the total
ship¬
ments since January 1, 1883, and for the
corresponding
periods
of the two previous years, are as follows.
EXPORTS TO EUROPB FROM ALL INDIA.
1883.
Shimncn ts
to ail Europe
from—
Th is
tccefc.
Bombay
All other ports.
Total
1882..
Since
Jan. 1.
5.000 1,229,000
4,900
150,000
9,900 1,379,000
This
week.
1881.
Si nee
Jan. 1.
Th is
week.
5,00011,340,000
3,300
Since
Jan. 1.
8,ooo:
268,900
100
8,300! 1,608,900
846,000
190,600
8.100 1.030,600
This last statement affords a very interesting comparison of
the
total movement for the three yeans at all India ports.
Alexandria Receipts and Shipments.—Through
arrangements
we have made with Messrs.
Davies, Benachi & Co., of Liverpool
and Alexandria, we now receive a weekly cable of the movements
of cotton at
Alexandria, Egypt.
The following
are the receipts
and shipments for the past week and for the
coiresponding week
of the previous two years.
Alexandria, Eoypt,
September 20.
'
1883.
1832.
1S81.
-
Receipts (cantars*)—
This week....
Since Sept. 1
and the lowest 75.
Savannah, Georgia.—We have had rain
Conti¬
nent.
four
400
400
i
7.C00
1
7,550
This
Since
Th is
Since
This
days of the
Since
week. Sept,
week, and the remainder of the week has been pleasant. The
l.j 1 week. Sep!. 1. week,. Sept. 1.
rainfall reached one inch and eighteen hundredths.
Average Exports (bales)—
:
thermometer 71, highest 83 and lowest 69.
To Liverpool
1.000
1,500
To Continent
i
Augusta, Georgia.—The weather has been cool and pleas¬
98
98
ant during the week, with light rain on three
days, the rain¬
Total Europe
1
'
1,093
1,598
fall reaching sixty-two hundredths of an inch.
Picking is
A cantar is 98 lbs.
making good progress, and the crop is being marketed freely.
This statement shows that the receipts for the week
The thermometer has averaged 74,
ranging from 66 to 86.
ending
Atlanta, Georgia.—Telegram not received.
Sept. 20 were 400 cantars and the shipments to all Europe
bales.
Charleston, South Carolina.—We have had rain on'four were
<hiys of the week, the rainfall reaching fifty-six hundredths of
Manchester Market.—Our report received from Manchester
an inch.
The thermometer has averaged 75, the highest
being
states that the market is dull but pretty steady, at
to-night
S3 and the lowest 68.
unchanged
prices. We give the prices of to-day below, and
The following itatement we have also received
by telegraph, leave previous weeks’ prices for comparison.
on
*
M
326
THE
1883.
32s Cop.
Twist.
d.
July 20 8*4 ©
27 3*4 <t>
Aug.
3 8*4 ®
4
“
d.
9
9
9
9
9
5
5
5
10 8*4 ©
5
17 |S*4 ©
0
24 8*4 © 9
5
31 S3ig® 87s 5
“
“
“
Sept. 7 33i6 © 37b;5
“
14 8*4 ©
21 8*4 ©
44
18S2.
OotVn
Mid.
8*4 lbs.
Shir ling 8.
s.
87s 5
87s 5
d.
8
8
8
8
6
6
6
6
6
6
32s
©7
@7
0
©7
©7
©7
©7
©7
©7
©7
©7
0
0
0
0
0
0
0
d.
<1.
d.
a.
57ie
57i6
9*e ©10 *8'6
o'-he^io^ 6
5 5g
9Ls ©10 *8 6
5**16 9Lj ©lOR* 6
51*16 9?i^© 97s 6
553
9^ © 97s 6
559
93s ©
51*16 9'*%
5*316 9;!8
5 *31 g i 9
0
©
^
©
9
v
6
978‘6
97s 6
978 6
d.
steady in tone, holders maintaining prices, and
TJp Id 8
4L; ©7 10 *2
6
O
0
G
G
@8 O'
©8 0
©8 0
©8 0
'©8 0
4*2 0-7 10*2
for
4*2®7 L0*2i
4*2^7 10*2! 71
4*2®7 10*2i 7
Shipping
News.—The exports of cotton from the United
past week, as per latest mail returns, have reached
2S,237 - bales. So far as the~Southern ports are concerned, these
are the same exports reported by
telegraph, and published in
the Chronicle last Friday. With regard to New York, we
include the manifests of all vessels cleared
up to Thursday
night of this week:
16
States the
may
seeing the exact relative
Monthly
"Receipts.
1882.
Bept’mb’i
October..
326,656
980,584
Movemb’i 1,094,697
DecembT 1,112,536
January
752,827
February. 595,598
March...
482,772
April....
234,519
May
185,523
June
78,501
July
42,299
August...
58,386
Corrct’ns.
24,837
.
1881.
Yqrk—To Liverpool, per steamers Abj'ssinia, 1,130.,..
City of Berlin, 960
City of Paris, 1,1G8
Englaud, 964
Nevada, 997
Pavouia, 3,390
To Hull, per steamer Marengo, 750
To Havre, per steamers Amerique, 2,11G
Canada, 964....
Nemesis, 2,847
To Bremen, per steamers Neckar, G95
Werra, G61
To Hamburg, per steamers Bohemia, 768
California, 750
Gellert, (additional) 156
Westphalia, 750
To Antwerp, per steamer Waesland. 300
Beginning September 1.
1880.
1879.
429,777
458,478
853,195
968,318
974,013 1,006,501
996,807 1,020,802
487,727
571,701
291,992
572,723
257,099
475,532
117,595
284,246
113,573
190,054
68,679
131,871
36,890
78,572
1 L5,l 14
45,113
123
17,811
1878.
333,643
888,492
942,272
956,464
647,140
447,918
261,913
158,025
1877.
42,142
13,988
18,081
20,240
34,561
52,595
458
Totalyear 6,019,738 4,720,361 5,871,090 5,001,672 4,447,276 4,315,615
erc’tage of tot. port
Teoeipts Aug. 31..
Corrections
Total port receipts..
99-62
100 00
S915
8,015
750
5,927
1,356
2,424
98,491
300
New Orleans—To Havx-e, per steamer Dee,
2,998
2,99S
578,533 Galveston—To Vera
Cruz, per schooner Marion H. Rand, 1,150. 1,150
822,493 Baltimore—To Liverpool, per steamers Asturiano, 1,437
1.
Navarro, 966
900,119
2,403
To Bremen, per steamers America, 200
Ohio, 1,400
1.600
689,610 I Boston—To Liverpool, per steamer
Missouri, 200
200
472,051 Philadelphia—To Liverpool, per steamer British Princess, 514
514
340,525
Total
28,237
197,965
The
96,314
particulars of these shipments, arranged in our usual
288,843
689,264
779,237
892,664
616,727
564,824
302,955
166,453
81,299
29,472
110,006
88,455
51,258
67,372
42,714
Total bales.
New
movement for the years named.
The movement each month
since September 1, 1882, has been as follows.
Year
shading is
<
Comparative Port Receipts and Daily Crop Movement.—
A comparison of the port movement by
weeks is not accurate
as the weeks in different
years do not end ou the same day of
the month. We have
consequently added to our other standing
tables a daily and monthly statement, that the reader
constantly have before him the data
no
being done on the parcels moving, but on a round lot a shade less
d.
migfit be done. At the close the quotations are 9c. for !}& lbs.,.
6*5i5 9^c. for 1% lbs., 1914c. for 2 lbL and 11c. for
standard quality.
7* is
Butts are doing finely, though the lots are
7
small, and for spot
Z}i* parcels there is rather more firmness shown by dealers, who are
'he
asking up to 2c. for paper grades, some 3,999 bales being placed
7*8
at this figure, while
bagging qualities are quoted at 2%@2%e.
7*8
d.
a.
[Vol. xxxv i
Jute Butts, Bagging, &c—There has been a fair amount
of
business transacted during the past week, and the market
is
GotV
Mid.
8*4 lbs.
Shir liny 8.
Cop.
licist.
Upl Is
d
0
8.
CHRONICLE.
99-99
98-79
00*33
oo-oo
00-85
00-01
01-21
iro-oo
10000
10000
100-00
100-00
This statement shows that up to
Aug. 31 the receipts at the
ports this year were 1,299,374 bales more than in 1881-82 and
145,G48 bales more than at the same time in 18S0-S1. The
receipts since September 1, 1883, and for the corresponding
periods of the five previous years have been as follows.
form,
follows:
are as
Liter-
lire-
pool.
8,615
New York.
N. Orleans
Galveston
Baltimore..
Boston
Hull. Havre,
750 5,927
1,356
2,993
2,103
A,it-
Vera
burg, tccrp.
300
2,42 4'
Cruz.
Total.
19,372
2,998
1,150
1,150
4,003
1,600
200
Philadelp’a
200
514
514
Total... 11.732
Below
JJarn-
men.
750
8,925
2,956
2,421
300
1,150
28.237
add the clearances this week of vessels
carrying
cotton from United States ports,
bringing our data down to the
latest mail dates:
we
New Orleans—For Liverpool-Sept.
18—Steamer Legislator, 2,779.
For Havre—Sept. 20—Steamer
Maharajah, 3,987.
Boston—For Liverpool—Sept. 14—Steamer
Samaria, 200
Sept. IS—
Steamer Palestine,
.
1883.
Sept.l
44
2,765
2....
44
3....
44
4....
44
S.
7,215
3,996
6,169
4,969
8,194
8,143
5....
6....
7....
44
44
14
8....
41
9....
S.
4410....
13,920
9,486
8,038
9,478
15,283
11,742
4411...
44
.
12....
44 13....
44
14....
44
15....
44
16....
S.
4417....
44
18....
21,869
11,760
44
1832.
5,055
2,890
8.
5,868
3,396
1831.
5,600
10,356
10,182
8.
6,405
13,859
9,069
7,637
8,1S1
6,405
13,792
5,636
4,493
S.
13,054
11,202
5,645
8.
7,474
8,044
10,742
16,595
17,797
14,674
8.
10,870
21,062
16,364
16,598
8.
8,060
19....
15,195
9,606
44
20....
12,733
44
21....
14,087
22,166
17,206
19,476
13,039
15,551
194,475
Total
Percentage of total
port rec’pta Sept,21
143,291
251,325
1880.
1879.
5,037
5,669
10,512
3,490
1,948
6,474
2,264
4,927
2,104
8.
20,842
15,117
13,999
16,191
20,900
13,470
8.
30,306
20,019
233,855
8.
5,708
1,391
8.
14,754
9,315
8,616
11,096
10,862
15,646
1878.
4,051
4,799
4,224
7,116
*
8.
-
4,103
5,454
5,124
8.
13,115
,
4,87 S
4,858
7,636
7.992
7,069
8,627
8.
10.714
;
s.
15,127
10,125
10,032
11,125
16,933
11,302
8.
153,937
02-381
05-32
04-32
02-76
03-39
receipts since Sept. 1 up to
51,1S4 bales more than they were to the same
day of the month in 1882 and 56,859 bales less than they were
to the same day of the month in 1881. We add to the table
the percentages of total port receipts which had been received to
September 21 in each of the years named.
New York Cotton Exchange.—As all the houses which stood
on the site secured for the erection of the new Cotton
Exchange
have been pulled down, it appears more distinctly liow
large a
space the new building will occupy.
Progress is- being made
with clearing the ground.
The committee for membership have posted the
application
of a new candidate.
;
The following visitors were introduced this week :
John M. Baker, Boston.
Samuel Simpson, New Orleans.
John A. Woodard, Mobile, Ala.
It. Solas, Savannah, (la.
J. W. Eckford, Mississippi.
J. IT. Athey, Mississippi.
J. H. Horton. Wadesboro.
T. B. Henry, Wades boro.
C. A.
Youny, Wilson. N. C.
David 1). Hunter, New Oi leans.
Jas. IT. Allen, New Orleans.
C. E. Burton, Petersburg, Ya.
'
John IT. Bigelow, New Orleans.
Geo. M. Traylor, Atlanta, Ga.
H.
Browning, North Carolina.
J.II. House, North Carolina.
J. I*. I.each. North Carolina.
E. E. Clteathaw, Georgia.
IT. S. Gernon, Liverpool.
1
Kennedy Owen. New Orleans.
Priveth, Goldsboro, N. C\,
J. C. Steele, Selma, Ala.
W. S. Briggs, North Carolina.
B. M.
,
W. F.
give all
news
received to date of disasters to vessels
Mentmoiie, steamer (Br.), before reported on tire at Baltimore while
loading for Liverpool. The damage sustained by tire ou the 10th
inst. was but slight. The tire was in cotton stowed in the main
and
forward hatches. About 50 hluls. of tobacco'
were damaged by
water.
Cotton
freights the past week have been
Satur.
Liverpool, steam d.
Do
sail...d.
Havre, steam—c.
Do
sail
Bremen, steam,
Do
II
sail
Sheppard, Eufaula, Ala.
c.
.c.
c.
Do
sail...d.
Amst'd’m, steam.c.
Do
sail...cL
Do
sail
d.
c.
Barcelona, steam.c.
Genoa, steam ...d.
Trieste, steam ...c.
Antwerp, steam..e.
*
Compressed.
Mon.
*8
....
follows:
as
Tues.
Wednes.
*8
7C4'S13
*8
.
...
Thurs.
....
Fri.
*8
*8
....
....
7m*
71S*
71S*
....
....
....
....
71S*
Us*
7iS*
71S*
7IS*
....
....
....
....
....
38*
38*
38*
38*
38*
....
....
....
imhurg, steam, d.
Baltic, steam
are now
we
6,258
This statement shows that the
to-night
Below
carrying cotton from United States ports, &c.:
7,341
15,628
12,215
12,995
14,071
14,955
17,032
137,989
Baltimore—For Liverpool—Sept. 13—Steamer Mentmore,
1,356..,Sept.
17—Steamer Nova Scotian, 1,050
Sept. 18—Steamer Aleva,
1,829
Sept. 20—Steamer Gallego, 181.
For Rotterdam—Sept, 19—Steamer Stella. 600.
Philadelphia—For Liverpool—Sept. 14—Steamer Illinois, 900
Sept.
•
18—Steamer British Crown, 477.
•
••,
t50
....
150
150
1532*
*r>32*
....
....
....
....
....
*4*
*4*
14*
V
*4*
“16*
V
....
•
•
•
•
....
....
“18*
illS*
V
*8*
....
....
....
....
—
....
.
...
.
.
V
....
....
710*
V
'
30*.
.
.
^4*
....
151P>*
151S*
V
58*
5a*
S8*
3R
38*
f Per 100 lbs.
Liverpool.—By cable from Liverpool, we have the following
stocks, &c., at that port. We
add previous weeks for comparison. •
statement of the week’s sales,
Aug. 31.
Sales of the week
bales.
Of which exporters took ....
Of which speculators took..
Sales American
Actual export
Forwarded
Total stock -Estimated
Of which American—Estim’d
Total import of the week
Of which American
Amount afloat
Of wbioh American
Sept. 7.
47,500
4,500
65,000
11,500
4,100
2.200
48,000
6,000
5,700
831,000
518,000
29,000
6,700
106,000
23,000
33,500
9,500
4,700
867,000
591,000
29,500
19,000
123,000
16,000
Sept. 14.
70,000
11,500
5.000
46,500
12,500
5,900
783,000
511,000
24,500
14,000
104,000
23,000
Sept. 21.
66,000
7,500
9,000
40,000
8,000
5,300
765,000
481,000
43,500
12,000
81,000
30,000
The tone of the Liverpool market for spots and futures each
day of the week ending Sept. 21, and the daily closing prices
of spot cotton, have been as follows.
Saturday Monday.
Spot.
\
12:30p.m. J
Market-,
Mid
Wedncs.
Quieter.
Steady.
12,004
8.000
2,000
1,000
8.690
500
5i-qG
12,000
12,000
10,000
2,000
4,000
Speo.& exp.
e>lj]6
->•500,.
jfutures.
Market,
)
J
Market,
£
j
5 P. M.
Easier
■Steady.
Flat.
Steady.
Steady.
Barely
steady.
Flat.
Minn, clear and stra’t
Winter sliipp’g extras.
steady.
Steady.
Quiet.
l^EF*The prices are given in pence and GLths,
Wheat—
a.
i
a. 1
j 5 56
54
5 54
j
5 53 ;
5 53
5 54
5 52
5 52
j 5 54
5 53
5 52
5 52
I 5 54
| 5 51
d.
September.
0 Od
5 55
Sept.-Oct...
Oct.-Nov....
5 54
5 54
5 53
Nov.-Dec...
t)
o3
o
'
1
a.
■
d-
[ Clos.
Open High
d.
d.
d.
5 55
5 56
5 56
| 5 55
5 51
5 54
| 5 54
5 53
5 54
{ 55 52
55
5 54
5 53
5 54
j 5 55
5 55
5 51
5 54
1
5 53
5 55
5 53
Tues., Sept. IS.
17.
j
!
Open High j Low.
Open High Low. 1 C7os.
<■
Ihus: 5 G2 means 5 G2-64d.,
1 Mon., Sept.
!
*
1
Clos.
d.
d.
d.
5 53
j 55 56
55
5 53
5 52
552
551
5 51
5 55
5 50
5 50
5 55
5 52
5 52
;
j
\low.
5 52
Dec.-Jan....
5 54
5 51
5 53
5 53
Jan.-Feb....
5 57
5 57
5 56
5 56
5 56
5 5S
5 56
5 57
5 55
5 55
5 01
5 61
5 60
5 60
|
561
5 62
5 6 •
561
j 5 59
i 5 62
5 59
Feb.-March
5 62
5 58
5 58
Mur.-Apr... 6 00
April-May.. 6 02
May-June.. 6 04
6 0)
562
5 62
|
6 00
6 01
6 00
6 00
5 61
5 62
5 61
5 61
6 02
6 01
6 01
6 03
6 03
6 02
6 02
j 6 04
6 04
6 00
6 00
0 04
6C4
6 04
6 05
6 06
6 05
6 1 0
6 07
6 07
6 04
6 04
1
June-.July..
July-Aug...
....
.
....
....
0 12
...
....
....
....
Thurs., Sept. 20.
.
Open High Low.
Open High Low. Clos.
!
Clos.l
I
Flour.
Receipts at—
6 12
.
.
0 11
•
.
.
6 11
FrI,, Sept. 21.
|
Open High Low. Clos.
90
92
®! 16
@1 10
56
®
a>
G2k>®
633a
02
65
TTheat.
•
138,SS8
9,610
793.858
132,612
41,471
Detroit
Cleveland....
2,701'
•41,900
114.600
658,766
992
7.700
18,916 I
14,600
251,380
201,240
34,876
102,193
32,100
200,031
353,5:0
j
St. Louis
216.353,
1,748,910
1,129,632
923,025
274,032
247,264
331,55!
135,137
401,884
159,050
20.807,001
11,825,598
660,732
9,812,293
10,623,038
472,243
1.108,229 J 12.701.375: 30.065,151
5.812,400
1,072, <370
1,953.058
619,646
878,329
Tot. wk. ’83
113,808;
3,232,538)
150,039
3.090,574
Same wk. ’81
145,699:
d.
!
d.
d.
d.
d.
1883
September.
J
5 51
5 54
5 51
5 54
1S82
Sept.-Oct...
5 52
5 52
5 43
5 5)
5 50
5 50
5 49
5 50 1
5 51
5 53
5 51
5 53
1881
Oct.-Nov....
D«-l
5 51
5 48
5 49
5 50
5 50
5 49
5 50 1
5 50
5 52
5 50
5 52
Nov.-Dec..
5 49
5 49
5 48
5 48
5 49
5 49
5 48
5 49
|
5 50
5 52
5 49
5 52
Dec.-Jan...
5 52
5 52
5 43
5 50
5 50
5 50
5 49
5 49 :
5 51
5 53
5 51
5 53
5 54
551
5 52
5 53
5 51
5 56
5 54
5 50
5 57
5 55
5 50
5 5S
5 59
5 ;>8
5 58
Mar.-Apr...
561
5 61
5 59
5 59
5 60
5 60
5 58
5 6!
5 62
5 61
561
April-May.. 6 00’ 0 00
May-June.. 6 03 6 03
June-July..
Juiy-Aug.
5 02
5 6' I
5 62
5 62
5 61
5 58 ;
5 62 i
5 63
6 00
5 63
6 00
6 02
6 62
1
6 02
6 02
6 02
6 02
!
C 04
6 04
0 04
6 04
....
....
...
....
,
....
...<
****!.
“1
.
.
..
.
....
....
fairly active*for export, but the
Prices, in sympathy with wheat,
wTere somewhat depressed early in the week, but the decline
was not important nor general, and a steadier feeling followed.
The city mills have been especially active, as well as good
1,285,79s!
comparative shipments of flour and grain from the
from Dec. 25, 18S2, to Sept. 15, 1883, inclusive, for
show as follows:
The
same
ports
four years,
bbl8.
Wheat
Oorn
Cats
bush.
1880-81.
5,217,974
6,282,739
3,218,761
29,881.326
35,733,801
51,341.723
25,849.537
2,307,365
1,926,627
39.297,911
84,211,649
26,370,607
2,466.126
1,119,257
49.283,046
79,021,364.
31,416,283
4,799,005
3,921,774
trade continues slow.
grades of Western from winter wheat. The products of spring
wheat are in but small supply.
Rye flour aud corn meal are
without' change, and the trade not active. To-day the ten¬
dency was still upward aud the demand quite brisk.
The wheat market opened somewhat depressed, and on
Monday morning prices fell off rapidly under dull foreign
accounts and
unfavorable Western advices, but there
recovery. The weather at the West
and the English markets have improved.
quick
wTas a
has not been good,
On Tuesday there
were heavy freight engagements for grain to Great Britain,
and altogether confidence in the future of values much im¬
proved. Still, the advance has not been important. Stocks
continue large, and the marketing of the new crop seems to
encounter difiiculties that
there was some further
will take time to overcome. To-day
advance. No. 2 red winter sold at
£1 12@1 13 cash, and futures closed after ’Change at SI 12%
for October, >*1 15 for November, $117*4 for December, §1 19%
for January and £1 21% for February.
Indian corn opened the week depressed, under the return of
mild weather in the West and Northwest ; but speculation
revived, and there was a pretty fair demand for corn on the
The weather reports have latterly been less favorable,
and consequently the tendency of prices has been slightly
upward, closing strong last evening on reports from Chicago of
the approach of a “ cold wave.” To-day, on frost accounts
spot.
from middle latitudes at the West,
No. 2 mixed, G2%@G2?4c , cash ;
there was a further advance.
63@64c. for October, 62%
(a63c. for November, 60%@60%c. for December and 53/2Cfor May.
Rye has met with a brisk demand for export at 07/2@70%c.
for Western, on the track and alloat. Oats 'have sympathized
with corn, and latterly have shown an upward tendency, with
moderate speculative activity and a steady trade. To-day the
tendency was still upward, with No. 2 mixed selling at 3 >%@
Flour...,
1882.
Week
1883.
IF eek
tic pi. 15
.....bbls.
.82,795
')ush.
463,265
610,431
Wheat..
Corn...,
Oats
Sept. 16,
123,711
.
684,811
301,630
991,320
1
90,633
76,416
103,454
81,732
Bariey
Rye
2, 793,536
Total
The rail and lake
Week
2,030.989
1,934,100
152,012.752 117,159,053 153.708,550 171,374,113
the rail shioments from Western lake and river
ports for four years:
shipments
2,141,813
from
Flour,
Wheat,
Corn,
bn/s.
bush.
bush.
endive/—
98.012,087
20,113,921
....
are
The flour market has been
home
1879-80.
1881-82.
6,162,150
1882-83.
Flour
Below
Friday, P. M., Sept. 21, 1883.
1,288,558
3,650,875
i
1.077.4161 17,9*5,356
1,003,885j 19,018.5!2|
Total grain
BREADSTUFF S.
L
3,432,992
i
Barley
Kye
1
275,13U
10,000
Same wk. ’62
5 51
1,0U0
15,313
41,490
.•
SinceAug.l—
8,015
990
19,906
13,800
....
Peoria
d.
5 i)7
Rye.
Barley.
!
3,320!
2,571
Toledo
5 51
5 53
Oats.
257.063
d.
5 50
I
Com.
95,805
5 51
5 52
i
142,381
d.
5 55
43
354s
36 q
19,445
5 51
5 55
3543
®
9
®
993,790
d.
5 58
a>
®
®
6(>
62
71
76
10,340!
5 50
5 55
64
'w
74
33
34
35
36
State A Canada..
Oats—Mixed
White
No. 2 mixed
No. 2 white
Bariev nominal.
.
®
60
07
2,768,708
d.
5 58
Rye—Western
61
1,027,203
5 50
Jan.-Feb....
07
SI 14
45,100!
37,158,
Milwaukee
d.
Feb.-March
Corn—
Yellow Southern.
Western white...
f
Chicago
5 51
....
3 40
3 50
e
<
Bbls.WQlbs Bush.GO lbs Bush.561bs 'Bush. 32 lbs Bush AS lbs Bush.56lbs
d.
....
3 10®
3 id®
3
The movement of breadstuff* to market is indicated in the
statements below', prepared by us from the figures of the New
York Produce Exchange. We first give the receipts at Western
Lake and River ports, arranged so as to present the compara¬
tive movement for the week ending Sept. 15 and since Aug. 1
for each of the last three years:
5 51
'
|
®
7 25
5 00
4 10
Brandyv,fine, Ac....
>31
1 oO
1 13
Red winter
White
White No. 1
Corn—West, mixed
West. mix. No. 2.
White Southern..
Duluth
Wedncs., Sept 19.
5 25®
4 00 3
Western, Sic
ai 10
95
Spring,per bush.
Spring No. 2
Red winter, No. 2
•
....
family brands
stip’g extras.
Rye Hour, superfine..
South’n
-
■
....
5 50
GRAIN.
Steady.
otherwise stated.
).
4 50®
Southern bakers' and
6 25
7 50
4 50®
6 50 ®
Patents, spring
opening, highest, lowest and closing prices of futures at
Liverpool for each day of the week are given below. These
prices are on the basis of Uplands, Low Middling clause, unless
Sat., Sept. 1
£ity shipping extras.
Corn meal—
straight
but
'
steady.
3 90®
and
clear
Winter
$6 40 3 7.00
Patents, winter
50
75
50
75
25
3
3
4
6
4
3 00 ®
3 25®
4 00 5
4 75 ®
Superfine
Spring wheat extras..
The
and 6 03 means t> 3-64rf.
closing quotations :
are
bbl. $2 60 (t> 3 20
No. 2 spring...$
No. 2 winter
Quiet
Dull
but
following
FLOUR.
51?16
513io
51j16
The
Dull.
513is
51*16
513;«
51*16
51316
56>10
Upl’di-
12:30 p.m.
inq,
lreely
supplied.
for November, 3S@3SMc. for
35%c. for October, 36%@37tv
December and 40c. for May.
Friday.
Thursday
Mod.
Firm.
Harden’*?-
Baid.Grl’ns
Bales
Tuesday.
327
CHRONICLE.
THE
1S83.]
September 22,
same
1880.
Week
1881.
Week
tic pi 17.
Sept. 18.
115,417
104,504
-
501,996
1,126,992
728,859
117,611
50,130
400,362
514.232
*
747,618
135,894
56,130
1.914.236
2,553,588
ports for last four
Oats,
Rye,
Barley.
bush.
bush.
354,807
1,078.109
3,187,683 1,842.232 103,454
3,701.558 1,620 066 43,768
3,299.19 j 1,0 )7.918 ±4,817
2,290,410
1,975.674 1,362,601
bush.
213,472
Sept. 15...133.750
Sept. 8... 186.74 8
Sept. 1
169,75 2
Aug. 25... 193,375
1.881 ,(’,93
1,318.080
Tot., 4 w...683.625
4w’ka 82..671.712
7,674,292 12,161,111 6, 522.900 171,662 1,038,096
8,561,054 5,162,161 6, 588.087 168,882 357,858
The receipts of hour and grain at
week ended Sept. 15 follow:
-
At—
New York
Boston
the
177,963
261,854
9.623
for the
seaboard ports
Flour,
Wheat,
Corn,
Oats,
Barley,
obis.
bush.
bush.
235 922 9
bush.
7 J 3,300
bush.
-81,7 30
2,050
122,315 1,139,056 1
3 9,721
76,773
15,503
10,290
Portland
1,500
301,649
Mon treal
13,016
40,730
30,020
130,920
Philadelphia... 22,993
89.609
13.5 4 4
532,137
Baltimore
118,016
4,000
Now Orleans...
13,253
_
1
3,850
118
1,47,950
51*800
Rye,
bus in
111,361
X
1,000
"
8*00 18,9*50
7,260
500
4,270
23,437
Total week... 263,124 2,108.708 2 ,152,328 i ,121,285
6 17,263 1.,335.142
Cor. week ’82.. 261,661 3,012,302
The total receipts at
Dec. 25, 1882, to Sept.
years:
Flour
Wheat
Corn
Oats..
Bariev
the same ports for the period from
15, 1SS3, compare as follows for four
1381-82.
1830-81.
9.388.238
7,921,053
9,123,407
7,057,268
bush.. 41.061,70.)
63,076.168
51,900,425
21,266.623
20,874,695
71, rC.915
80,567,399
20,690,159
2.240.239
3, L27,76 1
2,307.050
2,037,553
1,079,727
1,007,140
39,270,503
109,174,419
16,830,122
1.604,567
1,359,914
1 882-^3.
bbl3.
Rye
<
23.971,018
1879-80.
151.772,104 103,132.915 175,759,201 217,239,615
exports from the several seaboard ports for week ending
Sept* 15, 1883, are shown in the annexed statement:
Total grain
The
328
THE
Exports
from—
Wheat.
Flour.
Oats.
Bush.
Bush.
70,561
382/12
565,591
43,755
22.830
169,423
Bush.
C93
75
12,704
7,946
1^9,439
8,525
6,810
251,366
160,893
519.608
770
2.935
.
133,013
112,286
I
99.8101
177.485 2,869.460
Bush.
99,401
9,293
103,00 i
5,803
0.978
13,r70
4,240
1883.
to—
Week,
Kept 15.
Bbls.
106,545
Coutin’ut
1.781
S.&C.Am
W. rmlies
Brit. C'ol’s
Otli.c’nt’s
Corn.
Sept. 15.
Week,
Stpt. 16.
Bbls.
Bush.
Bush.
I 383.
Week,
1832.
1883.
5,509
8,578
14.430
809
142,546
1832.
Week,
Week,
Sept. 1C.
Sept. 15.
Bush.
905.700
109,969 1.625.550 1,424,805
14,588
314,244 1,441,531
9,566
28,123
20/33
Total...
,
Wheat.
1882.
Week,
Sept. 16.
•
Un.King.
We add the
for comparison:
year
Flour.
Exports
for week
Bush.
205
5,598
The destination of these exports is as below,
corresponding period of last
Peas.
13,203
142,546 1,339,791 1/69,804
..
Rye.
Bbls.
New York
Boston...
Portland.
Montreal.
Philadel..
Baltim’re
N.Orl’ns
Total w’k.
B’nse time
1882.
Corn.
Bush.
47,833
206,797
48,520
12,787
24,545
13,340
13/04
14
3,014
974
177,485 1.339,794 2,869,460 1/69.804
By adding this week’s
CHRONICLE.
moverue it.
to oar
99.810
previous torals we
September 1, this
have the following statement of exports since
season and last season.
Flour.
Exports since
Sept. 1, to—
1883.
Wheat.
IG82.
'• 8S3.
1882.
1883.
1888.
Sept. 1 to
Sept. 1 to
Sept. 10.
Sept. 1 to
Sept. 10.
Sept. 1 to
Sept. 15.
Sept. 1 to
Sept. 15.
Sept. 1 to
Sei>t. 15.
Bush.
Bush.
Bush.
Bash.
Bbls.
Bbls.
Un. Kingdom
200,750
300,330
Continent...
9.138
West Indies.
25.939
40,930
Brit. Col’nies
47,770
47,337
40,351
51,727
42,038
Oth. countr’s
1.244
1,703
385.733
517,540
S. & C. Am...
Total.
Corn.
.
...
•*
S-pt. 10.
2.518,300
5,410,331
2,210,937
47,833
1,588,805
4,268,878
029,329
24,545
375
139.311
3,505
34,79 L
21.291
13,82 L
58,98'
3,132
8,551
9,093.090
3,050,248
4.111,111
5,145
1,130
134.741
The visible
supply ot grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, and in transit by rail and water, Sept. 15, 1883, was as
follows:
Wheat,
In store at—
New York
bush.
5,378,112
Do. alloat <eai.)
Albany
2,700
545,073
6,103,020
Buffalo...;
Chicago
«,.
Milwaukee
Duluth
Toledo
Detroit
Corn,
Oats,
bush.
bush.
98,200
1,035.959
2,785,511
31.107
500
6.276
521,922
42,952
210,010
1,093,492
86,932
121,577
228,993
30,000
8,616
210.000
2,256,190
262,387
16,659
214,056
146.524
37,053
69,411
17/05
15,078
1,824
700
72.541
34,789
Oewego
171,036
20,551
Philadelphia
745.933
Peoria
47,6 6
197.881
43,700
7,545
Indianapolis
.Kansas City
223.200
314.676
Baltimore
Down Mississippi.
On rail
On lake
On canal
2,579.594
26,000
554.211
472.109
1,308,000
Tot.
Light-weight cassimeres and suitings have met with more
attention, and liberal orders were taken for popular makes by
traveling salesmen. Jersey cloths were very active, and fair
sales of ladies’ cloths and cloakings were effected by
agents.
Satinets were rather more sought after, and there was a light
business in Kentucky jeans. Flannels were in pretty good
demand, and stocks
well in hand that prices remain
in small lots to a slightly
increased amount, but selections were mostly restricted to a
few specialties. All-wool and worsted dress fabrics continued
in good demand, and some makes of the latter have been
steady.
Blankets
are
so
taken
were
slightly advanced in first hands. Carpets were freely dis¬
tributed by jobbers, and moderate dealings were reported in
hosiery and knit underwear.
Foreign Dry Goods.—The week has witnessed a very fair
certain kinds of imported goods;
Medium and
fine plain silks were in fair request and velvets, satins and
ribbons commanded considerable attention. Staple dress fabrics
movement in
and novelties in
fancy dress goods were fairly active, and there
inquiry for ladies cloths, cloakings and men’s-
moderate
was a
woolens.
Linen
goods were in fair demand, and there
st-ady, though limited, call for white goods, laces and
a
Importations of Dry Goods.
The
importations of dry goods at this port for the week
ending Sept. 20, 1883, and since January 1, and the same facts
for the corresponding periods of 1882, are as follows:
ra
25,244
31,199
JO
fc
a
s
£
p
c-t
<-+
49.260
&
15.100
®
.
C
,
2
"3
3>
'1
.
§£• S
•
c —' P
p'
p
£
B.
•
e-f
p
SC
10.3,158
222,563
195,054
725/36
522,721
727.381
627,026
.524,950
e
eco
CO
co
o
CO
to
o
X-
to
to
o
to e
M
X
c. to
CXI0H9
tJ- O -i tO 35
C 'l**OC
-1
CC
M
H—
e!
1**
X 35
2
to
C—
TRADE.
it-
*-*
X to
—
.
1
3 00*411 ifr
lO
to
It* C
—
-1 x
—
i-*
1*10 xci
to
O-
co e x 3. oo
h-
-t
’J*
co 4-
CC
co e
O O' *1 H O
e c c< 3. to
C 3. C1 *1-
c:»
— —
c o:— co •*-
o
*
to I-1
X CO
tc e
X —
i---i 3. e
Friday. P. M., Sept. 21, 1883.
Although there has been a slight re-action from the extreme
activity noticed of late in the jobbing branches of the trade, a
very good business was done by most of the principal jobbers
the past week, and a
moderately increased demand for dupli¬
cate assortments was experienced
by commission houses and
importers.
The brisk
movement that
during the last few weeks lias imparted
lias
a
been
in
much better tone to
market, and holders of merchandise are much firmer in
their views, while some
descriptions of cotton goods, dress
fabrics, prints, &c., have already been subjected to a slight
Accounts from all
Southern markets
the
Western and most
of
the
exceedingly favorable,and it is mire than
probable that the September bu.finess at nearly all the chief
centres of distribution will prove to be
large beyond precedent.
There is, li >wever, no tendency toward speculation on the
part
•of either wholesale or retail buyers, and
operations are being
conducted ia a most conservative manner, in spite of the
prob¬
ability of enhanced price3 for certain fabrics in the near
future.
tort
-1
tc
o
.
t—‘ >—>
05
cr.
*
i
cr
•—
b
-
O’l'IOH*!
c,/
to it- X —.O
r—
tc X
to x oo — e
to
3. 3.
Cl 1C
X
CO
1 it-
to to X CC C'l
i-* -1 x to Oi
it-
2
o
!
—
*“■ 3.
C’l
C to <3 X 3
C.30 3 0
?r
CO
*
to^
Jl
X
cS
fOcg
.0
X
*u*ior’
C< C S X 3
vr rf- Cl *f*
a?
-1 3
C'i C*
C C CO *11—1
—
if- 1 0 — CC (tit. i— ci e to
3.
tc
C
—
t~
X
3. io
-“N
^ C >
j
I
!
7- b !
x —
blob
i
y
c x
-
to j
to
b i
it- ci
-1
x
to c-
i-1 3.
t-
i
r-
t*
i
Ot-
1
cw
e 3.
i-
ci
or
T ^
-1
—
to CO
3.-1
►-*
»—*
co
-
a
§•
£. Cw
a c to —* w»
— 00 3 X 1 0
3 c*
Cl
HH
10
Ci -* it* Ci or
CC O
CO
ce*ib
3.
it- o ci e -o
to C W *1 00
lC-4
O
y-w
CO
-! Cl
e
00
-i
x
oc
I oo
,
c to
-Ow.
Cl
J-
1
to —
CI-^I
-4 1
3.0
i
ex
»—
!
ci e
e
|
to
co
h-
i
O
|
O
x
j
!
e to
X Cl
Hoo ct
w
30
! c to
‘
-I — to — to
tf-*- tC Cl
Cv
3. X C C” C
•■V
X
I
too
CO
—
1u
to
■
Ci
CO
j H
H-5.Cpip
b xb xb
!
7* I
E
£
cr* e ci ci x
>
59
O
i
i
ot !
O to
COO
CCt-
-1 e x +• —
— e
c e it*
C X O' X CO
CilC»
OX
CO —
X
b
tOlt-CC
1- 35
3 00
*4
*
1
‘>5
to^
CO O OC 001
X — -1 3 -1
to O M to X
'l-1 -1 to
^cox to re
^ O 00 o o
E
O 3 CO Cl X
H
Vb
co c — co o«
o -: X — oo
s
to cc oo
ct>
COX to CIO
to tt-o O - I
M to — t-*
_tc OTgt £*X
o:cc7-b
X
30-CpiO
it* c — b to
HOMOjD
I
b i
oo
j'
CJIOCCC5
it*
&5
o
c< i-4 *t* 4-
Cl OC to X ‘.0
n-C-llr-'l
to
P
e m i— i-. io
It* CO to C'l to
c
Clit-CX
X
•
*-
^ ^
b
i
I- o>
C'l --J
3/35 e
X 3 3. 3 X
3: 3 CH c*;
to
oo
x to -4 c o
m
C’l
ro c e — -i
-1 CC 3 -4 to
C X 3. X O
i-cxtjo
00
to o; -i o: x
j C if-
|
1
r7
to —
oo-j
c 3 -1 3
C2 j
to
-4
Ui
c - --to
co x tc co ro
1—
c e to c<-i
I-*
to
i
£ ! 8* I i-1
7* x |
p i L
—' c
c
b
CI Cl 0- to X
1— X — — Cl
to c< co e —i
C«-l
~
'
— b — to
OO CO X CO
3 CC O to 3
*
tO — —
3 C X X X
ci e e
J
e
X
to
1C J • 4 CC
etc-i —co
CC
•
X
i o
-
wC 4— tC -J1
/1-b
0. X X *■£>
x :
oo ;
-I I
r—*
X
to
3
C X
X -0- 0=1 -I
j
X —
-
are
*
^
*
'OC-* —*
-
tc x co e
O*
i—
x
progress
the
advance.
I
i
ci 3.
ci Cl tc
to
Ci X X it*
w
f*-
X
—
ci x
*
p
bit-10 05
-4
t C'
-
cr co
tc M
X to
s
!
h- M y-> e-t
j CO
,
GOODS
p.
.
: : : : i
:
c»
itO
OO
;
•
to 3
C 3
IJj
DRY
®:
;
C 3 to to -4
C5
to
& •
H-»
;
118,043
C5
THE
Miscel Flax Bilk. Cot Wool Manufi
H
o —
§
•
•
00
*
“
p:
►-*
-
G
© p*
IlFp5-
£
®
e*
474.099 1,8 23,223
406,556 1,580.463
Sept. 17/81. 20/46/73 21/83.970 G*.720.363
15,419,985 17.303.970 1,484,594
were in good request, and some makes are
already under the
control of orders to the extent of the season’s
production.
30.517
249,633
Tot. Sept. 18/80.
,
o
837,000
Tot. Sept. 8/83.
Tot. Sept. 16/82.
Goods.—The activity of the wholesale
demand was chief! v of a hand-to-mouth character, a fair aggre¬
gate business was done in this connection.
Spring worsteds
70
341
6,204
Woolen
embroideries.
74.740
82,200
16,453
Tot. Sept. 15/ S3.
Domestic
clothing trade was reflected in a steady call for duplicate
parcels of heavy cassimeres, &c at first hands, and while the
34.307
82,531
81,660
160,292
196,644
32:6*19
843,180 1,983.182
5,499,484 367,103
dearer, closing at 3 11- 16c. for 64x
Prints were fairly active, and the
best fancies, indigo-blues and shirtings ruled very firm,in symj pathy with print cloths; but it is a buyers’ market for indiffer¬
ent styles of fancy prints.
Ginghams ruled quiet in agents*
j hands, but a good, steady trade was done by j >bbers. '
I
64s and 3 5-16c. for 56x60s.
was
697,763
30,688
active and
were
wear
1,165
86.932
Print cloths
69 000
316
201.503
1.099
Domestic Cotton Goods.—The exports of cotton
goods were
only 1,564 packages, including 372 to U. S. of Colombia, 335 to
Brazil, 268 to Great Britain, 225 to China, 138 to Mexico, &c.
The coming week will, however, show a much more
important
export movement, some heavy shipments to China having taken
place since the usual weekly table was compiled. There was a
more active business in
low-grade brown and bleached goods,
and agents experienced a steady demand for
relatively small
parcels of the best makes, while wide sheetings and cot¬
ton flannels were in fair request for the renewal of assortments.
Additional makes of low-grade plain cottons have been
slightly
advanced, as have a few of the better corporation goods, and
altogether there is a -much firmer undertone in the market.
29,500
16,458
28,424
153.580
116,445
127,953
Rye,
bush.
45,525
43,500
344.676
Cincinnati (8tli)..
Boston
Toronto
Montreal
bush.
1,286,186 1 ,818.289
292,000
98.000
1,193.535
6t. Louis
Barley,
[Vol. XXXVII.
l-< I-*
CO tO
CI <J C’> C3
it- ■>.
Ci -I to C *4
b -ibex
O c O
9 I itC OO QD CC
CO
CO
X
b
@FedFRASER