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MAGAZINE,
MERCHANTS’
HUNT’S
% WceMtj
£jkur$pnp*¥,
INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATES.
[Entered according to act of Congress, in tlio year 1831, by Wm. B. Dana Sc Co., in tlio office of tbe Librarian of Congress, Washington, D. C.]
REPRESENTING
THE
SATURDAY, SEPTEMBER 27, 1884.
39.
YOU.
THE CHRONICLE.
325
and
Monetary
and
1,005.
purely artificial origin of all these fluctu¬
ations, attaching a shadow of suspicion likewise to the
evidence of the
CONTENTS.
The Financial Situation
Nortliei n Pacific's Charges
Debt
The Ciedit Systems of
World
NO.
Commercial
English News
Commercial and Miscellaneous
movement.
There
is,
for instance, no
good reason
believing that those who bought up these securi¬
during the summer have marketed them yet; hence a
THE BANKERS’ GAZETTE
fresh
short interest may invito a new advance, for with
Quotaiions
Stocks
Bonds
of
and
Money Market, Foreign Ex¬
New York Local Securities
change, U.S. Securities, State
Railroad Earnings and Bank
and
Railroad Bonds and
money easy the ability to carry the burden longer is just
347
Returns
343
Sto ks
as great as ever, while to unload
Investments,
and
state,
City
now would be extremly
Range in Prices at the N. \r.
Stock Exchange
314 j and Corporation Finances... 343 unsafe.
It is not necessary therefore to attach great per¬
THE COMMERCIAL TIMES.
Commercial Epitome
351 | Breads tuffs...
manency or importance to the week’s decline.
The stocks
Cotton
351 I Dry Goods
are still held in large blocks, and so long as the market is
under such control, fluctuations either way lose their interest.
An influence tending to strengthen stock values is
The Commercial and Financial Chronicle is 'published in
the gradual adjustment of the pool difficulties among
New York every Saturday morning.
(Entered at the Poet Office, New York, N. Y., as second-class mall matter. | Western roads,
ft has been evident all along that
TERMS OF SUBSCRIPTION-PAYABLE IN ADVANCE *
notwithstanding the apparently threatening aspect of
33S
the
News
34 0
for
ties
...
%\u ©hrouiclc.
$10 20
6 10
£2 7s.
£1 8s.
For One Year (including postage)
For Six Mouths
do
Annual subscription in London (including postage)
Sixmos.
do
do *
do
These prices include the Investors’ Supplement,
months, and
Chronicle.
furnished without extra
Subscriptions will be continued
affairs, and the belligerent attitude of many of the lines,
there was an evident disposition to avert a rupture, a
issued once iu two desire to
keep the contest within peaceful hounds. The
charge to subscribers of the
until definitely ordered to be stopped.
action of the different managers
during the last ten days,
unless made by at their various sessions and conferences, strongly confirms
the same is 18 this view.
The most serious obstacle in the way of
The publishers cannot be responsible for remittances
Drafts or Post-Otiice Money Orders.
A neat tile cover is furnished at 50 cents; postage on
cents.
Volumes bound for subscribers at $1 00.
Offices in England.
The office of the Commercial and Financial
is with Messrs. Edwards & hmith, 1 Drapers’
Chronicle in London
Gardens, E. O.. where
subscriptions and advertisements will be tak* n at the regidar rates,
and single copies of the paper supplied at Is. each.
The office of the Chronicle in Liverpool is at B 15, Exchange
Buildings.
wr,.TlM
ISv i
n
T,.xr4
JOHN G. 1L01D.
)WILUAM B. D.V1V.4. Sc Co., Publishers,
} 7A 81 William Slreet, NEW YOBK.
^
Post Office Box 958.
SITUATION.
There has been a decided, drop in the Wall street market
this week.
This decline has no connection whatever with
THE FINANCIAL
adjustment of the matters in dispute has been the
tripartite agreement; indeed this seems to have operated
against a permanent settlement at this time, so that the
arrangement come to, is called merely temporary and does
not extend beyond this year.
But there is every reason
for believing that, in the new settlement made, the tri¬
partite contract if it has not actually been abro¬
gated, lias certainly been quietly ignored. The pools
west of Chicago are so many and various,
and the
whole matter is so complex in its character, that it
would be difficult to explain fully the action taken and its
effect upon this or that pool or traffic association.
One
very important conclusion was arrived at towards the
close of last week, namely that the Missouri River shall
constitute a dividing lino in the formation of pools, the
roads east of that line to have pools separate and distinct
from tlio roads west of the river.
This principle of action
any
general situation, it is as separate from it as has been
upward movement of weeks back. In fact, as far as
outside influences arc concerned, they are just at present
more favorable rather
than less so. This is particularly
true of the crops, since all but cotton are now made, while
hitherto they have been in good part simply a promise.
Then, again, commercial business is certainlv showing
somo slight signs of
revival, which can hardly fail to fur¬
once determined
upon, greatly simplified dealing with the
ther develop as the season progresses.
It is a long time since the movement in stocks gave the questions in dispute, though it did not render a solution
cue
to the industrial situation.
During the past two any the more easy.
The California traffic was the first to be divided on that
months the two have in a marked degree been out of
accord.
Trices of securities have advanced or been firmly basis, and in that particular there does not appear to have been
the
the
difficulty in arriving at a settlement. The Nebraska
not so easily disposed of. It is in this business
that local traffic plays sucli a prominent part.
The Bur¬
that
mean
there
is
even
we
at
present any lington & Quincy and1 the Chicago & Northwest having
basis for tlio range of -values which have so long lines of their own into that territory, of course do not care
been maintained for the cliqued stocks; but the decline in to share with the roads that have no lines there, the local
spite of better surroundings is chiefly interesting as new traffic that they may gather in. But it was the object of
place, while losses, failures, curtailed production,
and decreased earnings have been the daily record. Some
of these features are, as stated, changing now.
Not
held
in
any great
business
was
386
THE CHRONICLE.
[VOL. XXXIX.
the Pacific division of the Minneapolis & St. Louis
tripartite alliance to force a division of such traffic. It
road, which is at present in "operation from Minneapolis,
appears that the managers this week finally did arrive at
westward 100 miles to Morton. Its immediate destination
an
agreement, notwithstanding the conflicting views held
appears to be Watertown, in the eastern part of Dakota.
by those within and without the alliance. But note what
That point is also the destination of the
Burlington
this agreement is.
Only business from competitive points
Cedar Rapids & Northern, which like the Minneapolis &
is to be pooled, while the ordinary local business is to be
carried as heretofore:—each line its own.
Hence the St. Louis is controlled by the Rock Island. The Cedar
tripartite roads get none of it. After the Nebraska Rapids will reach Watertown by an extension of its Iowa
Palls Division from Lake Park, Iowa (18£ miles below the
matter had been disposed of, the Utah and Colorado
business presented many points for dispute, but was at present terminus at Worthington, Minn.) northwestward.
Over half of this extension of about 150 miles is already
length settled after the manner of the California business
From • Watertown the two roads will build
—that is, on the basis of pools east and west of the completed.
Missouri River.
Of course, until we see the percentages jointly it is stated, but no definite objective point beyond
that place seems yet to have been determined upon.
Bis¬
allowed the different roads in each pool, we cannot tell
marck and Winncpeg are both hinted at as the ultimate ter¬
whether those having lines extending across and beyond
the Missouri will receive full recognition of their advan¬ mini, but the present would hardly appear to be a very
favorable time for large and extensive projects of this
tages in this respect, but it seems clear that the tripartite
nature.
roads in failing to get any of the local traffic of such lines
An event of decided prominence and not without its
are as far as ever from attaining the original object of their
influence on the future earnings of our roads has been the
compact. It should be said, though, that the managers
corner in corn at Chicago.
It seems that the sales for
have adopted the present agreement subject to the approval
of the presidents of the different roads before October G, September delivery have aggregated several times the
quantity which could be gathered from all sources; and
which it is expected will be given.
since the stock in sight and in farmers’ hands was light,
The unsettled condition of the trunk line pool has, on
the other hand, and during the same time, been urged as speculators seized the opportunity so temptingly presented
of squeezing the shorts, running up the price on Tuesday
an influence to depress New York Central and Lake Shore
to 85 cents, though since then it has declined and fluctu¬
stocks.
The inclination to sell these properties was, how¬
ated considerably.
This incident has its interest outside
ever, more especially encouraged first by the story that Lake
of the few sufferers.
As a question of sympathy, the
Shore earnings continued to show a large loss, and that
never
wastes much on those who get
the dividend would be reduced, and then by the plausibility public
does not belong to them; it
which a lengthy meeting of New York Central directors caught selling what
is a curative process, for it would be a marvelously rare
on
Thursday gave to the statement that it had been
occurrence to catch a bear in the same trap twice.
The
determined at that meeting to announce officially the issue
event is likely also to have its influence on crop move¬
of the debenture bonds heretofore so persistently denied.
ments.
Of course for the time being it tends to hasten for¬
Altogether, under the stimulus of these reports and by virtue
ward the remnant of the old crop in farmers’ hands, and
of large sales (rumor says considerable long stock included^
a decided break in values was established.
Of course the the earliest harvested of the new crop. But with wheat,
it is not unlikely to have an opposite effect, since
subsequent declaration of the usual dividend by Lake
it encourages the belief now quite prevalent among farm¬
Shore gave a pretty effectual denial to that portion of the
ers arid
others, that the lowest quotation for that cereal
report. But the knowledge that freight rates are being
has been reached.
Prices at present prevailing must shut
cut on this and other trunk line routes,, and a conference
out from a market much of the Russian, Indian and other
of the Presidents of the eastern lines on Wednesday and
the
Thursday, at which the settlement of the difference with production, while if prolonged they are pretty sure to lead
to: a less acreage-in Europe as well as in all other producing
the Grand Trunk was at least not completed, afforded
countries another season. This at least is the present drift of
uuder the circumstances further opportunity for unfavor¬
able conclusions as to earnings.
The best informed, how¬ opinion, and the check the bears have now received in corn
will suggest to the producer a possible check in wheat also;
ever, seem to agree that progress is being made towards a
for the farmer in general believes that low prices are the work
settlement, and that such will be the end of the negotia¬
of bears and not of circumstances. Though producers should
tions.
Yesterday the report with regard to the New York
be encouraged to sell freely if prices stiffen up, there seems
Central mortgage was confirmed, it being announced that
no
reason in flooding the market until Europe can see
the directors, at their meeting above referred to, authorized
some value in the article.
1 f it were not rude, we should
the issue of a 5 per cent debenture bond for $10,000,000,
say it is prodigiously like throwing pearls before swine.
part of which, account says, is to take up”floating debt and
A feature of much interest in the general situation this
the balance to pay off maturing bonds.
week has been the current evidence of the improving
Rock Island was unfavorably affected early in the week
condition of our foreign trade.. The slack demand for
by the report that the company had authorized a new issue
Ever
of bonds.
The facts appeared to be that the Wisconsin goods is at last having its natural effect on imports.
since 1879 we have been buying very largely.
In
that
Minnesota &
Pacific, a company lately formed and whose
construction the Rock Island is promoting, is building new
are
mile
on which bonds at the rate of $20,000 per
issued. These bonds bear G per cent interest, and are
mileage,
by the Rock Island Company, which issues its own
cent bonds instead, the one per cent difference in
interest being used as a sinking fund for the retirement of
the bonds.
Hence the Rock Island increases its fixed
taken
5 per
first eight months averaged only
1880 they jumped to G2 millions;
in 18S1 they fell to 55 millions, but in 1882 they increased
Since then the moveagain, averaging over G4 millions.
ment has been a decreasing one, the average for the first
eight months of 1883 being ’58 millions, and in 1884 a
year our imports for the
39 millions a month; in
total for August, 1884,
charges only in case the new road is unable to meet the being only 504- millions, as may be seen from the following
interest on the bonds issued.
As to just what the Wis-1 statement made up from figures issued this week by the
Bureau of Statistics and- from returns for previous months
consin Minnesota & Pacific proposes to do, it may be said
and years, which we add foryomparison.
that substantially it provides merely for an extension of
little less
than 55 millions, the
September 27,
EXrOIlTS AND
59,409.101
64,828,737
66,154,745
54,341,862
52,355,280
45,005,081
50,981,858
58,680,968
....
February...
March
April
May
June
July
August
Total...- 451,797,703
66,097,173
59.935,673
77,350,547
70,560,538
65,606,477
72,132,304
71,015,5 !0
67,102,658
530,871,937 535,905,969
Imports—
January
....
February....
Marcli
April
May
June
July
August
Total....
33,515,640
35,373,419
41.856,611
42,136,101
35,376,040
33,890,451
41,287,507
43,082,769
74,078,962
07,733,^07
a5,068,794
70,885.615
64,140,179
63,450,279
63,033.015
67,514,718
55,208,483
55,617,471
70,886,561
74,366,455
0l.876.6S0
00,514,503
57,304,982
56,265,063
311,518,544 495,070,2 >3
18S2.
183^.
$
~£~
by us that the company
a saving in the expense
account, as compared with the heavy totals reached in
recent years.
It is to be noted, too, that the present
view many times advanced
has it within its power to effect
the
1834.
80.3S0.253 73,989,007
66,855,239 61,246 626
77.651,820 53,210,454
60.903.905 49,893,534
58,066,194 48,841,0S7
54,350,811 53,339,528
54,617,511 52,884,084 54,5S0,593
62,714,293 61,426,749 54,188,700
64,921,051
56,606,533
62,613,872
57,952,376
49,178,938
51,077,956
decrease comes not
459,632,000 512,519,055 452,281,765
but after
56.980,930
Gross earnings
58,033,731
50,026,930
Operat’g expenses.
441,5U,642'513,311,107 467,739,864
438,496,>79
and to enlarged pro¬
duction our people are now also adding economy. Exports
in August were still small (about 54 millions) there being
in the country only a mere remnant of the old crops left
over for shipment.
The exports will be better for Septem¬
ber, and subsequent months ought to compare well with pre¬
vious years, notwithstanding the low prices for our products
Naturally enough, in view of the above figures and of
the outward
movement of cotton
which lias begun now
quite freely, foreign exchange has been dull and heavy.
point to lower rates still ; possibly they
may go low enough to justify importations of gold.
But
with the Egyptian and Continental drain of gold from the
Present indications
important movement to America
by an advance in the rate of dis¬
count. Still,* either gold or securities must come in the end
if our imports keep down to the present low figure.
As we
write we have just received from the Custom House the
New York total imports for week ending to-day, which
are $2,063,600 for dry goods and $4,826,128 for general
merchandise, or a total of $6,889,728. Last week’s aggre¬
gate was also very small, namely $7,100,185, the two weeks
being together not much more than one week has some¬
The present state of business does not justify
times been.
any different trade movement.
Pennsylvania fiailruacl, in its August return of earnings
and expenses, makes a more favorable showing than for
many months past.
The August earnings last year (East¬
ern
lines) were very large, yet those of the present year
are only $157,000 below the total then reached, and
this
decrease in earnings has been met by a decrease in expenses
Bank
of
England
any
will doubtless be resisted
$166,000, so that the net are actually $9,000 above the
amount in 1883, and we have the novel spectacle of a net
result, in this time of business depression, better than in
the corresponding month of any previous year.
As
regards gross earnings, there was certainly very little to
favor large receipts.
Rates on through business were
on
a
basis of 25 cents per 100 lbs. on grain from
of
it of significance),
The following offers a com¬
parison of gross and net earnings for six years on the
lines, and also shows the net result on the West¬
ern lines—both for August and the eight
months to the
end of August.
53,113.239
becoming more conservative,
increase in the-previous year
Eastern
of
Lines East
18S3.
1S84.
Pittsburg.
*
$
August.
4,775,380
4,617,894
2,466,387
2,032,758
2,142,02*2
2,151,507
+18,954 4234,883
Net earnings...
Western lines
Since the first of
trade is
an
small decrease.
a
54,310,617
54,710,607
61,263,130
54,163,063
56,153,044
52,153,319
September the New York imports indi¬
cate that the total in September for the whole country may
All this shows that our
be even smaller than for August.
after
(which for that reason might deprive
56,971,198
56,300,518
60,780,003
57,006,905
56,274,537
64,791,422
45,281,858 56,056,224
47,759,493 58,8:26,920
60,709,174 68,603,801
59,179,614 66,361,167
55,503,722 68,350,029
58,920,809 62,689,349
52,422,679 65,804,878
61,731,293 65,718,433
337
CHRONICLE.
MERCHANDISE.
1881.
$
Exports—
January
IMPORTS OF
1880.
1879.
Merchandise.
THE
1884.J
Jan 1 to dug.
1881.
1880.
1S79.
*
$
$
$
4,671,179 3,809,978 3,723,355 2,9S2,71S
2,638,319 2,305,474 2,108,873 1,725,720
2.032.860 1,444,504 1,554,480 1,250,998
+266,872 +295,700 +210,011 +185,904
2,377,505 2,299,732
2,170,461
Result
18S2.
31.
31,940,228 33,258,900 31,471,176
Operut’g expenses. 20,285,303 21,104,727 19,601,101
Net earnings... 11,654,805 12,154,182 11,870,075
-702,308 +572,529 +621,902
Western lines.
Gross earnings.
...
...
1,740,303
1,442,902
1,771,091
29,144,235 20,607,070 21,179,682
17,211,606 15,655,670 j 13,077,21511,932,020 10,951,394 8,102,407
+2054,670 +1874,547 -236,854
7.806,013
10.952,49? 12,726,711 12,491,977 13,987,299 12,825,941
Result
that as in the previous months the
the Western lines is not so satisfactory. There
It will here be seen
result
on
surplus of only $18,954 (beyond the amount neces¬
sary to meet all obligations for the month) in August this
is
a
against $234,883 in August, 1883, and $295,799 in
This would seem to show that these lines have as
yet secured very little benefit from the large wheat crop
supposed to have been harvested in the territory traversed
by them, or else that the loss in other items of freight and
in passengers served to offset the gains from that source.
It will be noticed, too, that it is these Western lines chielly
that make the operations of the Pennsylvania system for
the eight months so much less satisfactory than in other
recent years.
Thus, allowing for the loss on the Western
lines, the Pennsylvania combination had net of only
$10,952,497 in 1884, against $12,726,711 in 1883, and
$13,987,299 in 1881. The Eastern lines standing alone
have lost comparatively little in net, the total this year
being scarcely half a million below 1883, the largest on
year,
1SS1.
record.
The
following shows relative prices of leading bonds and.
and New York at the opening each day.
stocks in London
Sept. 22.
U.S.4%s.
Erie
2d
con.
Ill. Cent.
N. Y. C..
Reading
St. Paul.
Sept. 24.
Sept. 25.
Sept. 20.
N.r.
N.r. Lond’n N.r. Lond’n N.r. Lond’n
prices* prices.
prices.*
prices.
prices.
prices.
prices.*
prices.* prices. prices.*
20% 11943* 120% 119-43* 120%
IIS 82* 120M 119'! 8* 120% 119 31*
111-91
11234
11234 11203
111-91
112%
111-79
112%
11107 112
1333
13%
12-07
12%
12 01
12%
12 35
12%
13-33
13%
5310
63%
523-a
52
2’25
52
f
52
62
54
5456
123%
12197 123% 122*70
123-19 123% 12294 123% 122-40 122%
96* ’ *04 60
07-60
94%*
97*
98*33
09-30
933-4*
100*15
99%t
+ 12-4.3
24 %
25%
12-24+
24%
1224+
24*4
25
7934
73-08
78% *70-38
77 "35
77%
79 00
7934
SI 'S3
80%
44
43-28
42-94
43
43%
40
43
43%
Ijond'n
U.S.4s,c.
Sept. 23.
N.r.
Lond'n
<
....
Can.Pac.
Exch’ge,
oables.
*
1 «5
4 8;
4-85
Expressed in their New York equivalent,
basis of $.">0, par value.
t Reading on
Bankers’ balances
4-85
4 *8i
1 Ex interest.
remain unchanged at 1 to 2 per cent,
be more readily loaned at 1 J- to 2 than it
could last week, indicating a little better inquiry.
Our
But the volume of this business was not
maintained.
heavy.
Nor was there anything to stimulate local reports show a lighter movement than last week to the
business. In the coal traffic doubtless the road experienced country for crop purposes, the supply of funds appearing
to be equal to the demand without making important
some gains.
The Pennsylvania does not belong to the
drafts upon balances at this centre.
One feature of the
anthracite coal combination, and having increased its
week has been the reduction of $1,259,900 in the circulation
facilities for mining coal, is at liberty to press its advan¬
of the Metropolitan Bank by the deposit of that amount
tage tortile utmost. But that is the only particular that
of legal tenders, part of the proceeds of $1,400,000 3 per
favored it this year, as far as we know, so earnings almost 45cent bonds held to secure the notes of the bank.
This is
millions in a single month cannot but be considered highly
an exceptional movement due
to special causes. The fol¬
satisfactory; The decrease in expenses to an amount
made up from returns collected by us,
larger than the falling off in gross earnings goes to sustain lowing statement,
Chicago to New York, and were
supposed to be fairly well
but money can
THE CHRONICLE.
338
the week’s receipts
-exhibits
currency
and shipments of gold and
Week Ending Sept. 26, 1884.
Received by
Shipped by
N.Y. Banks.
N.Y. Banks.
$1,685,000
tenders
Loss.
1878.000
700,000
$1,507,000
Gain.
$118,000
of silver certificates by
$<560,000 of this was transferred in the shape
deposit of gold in the Sub-Treasury.
*
a
The above shows the
Movement.
Gain.
Gold
Total gold and legal
Net Interior
$807,000
*700,000
11,085,000
'fIniTftnny
actual changes in the
bank holdings
gold and currency caused by this movement to and from
In addition to that movement, the banks have
lost $1,000,000 through the operations of the Sub-Treasury.
Adding that item to the above, we have the following,
which should indicate the total loss to the N. Y. Clearing
House banks of gold and currency for the week covered by
the bank statement to be issued to-day.
of
the interior.
Week Ending Sept. 26,
Out
Into Banks.
1884.
$1,685,000
Banka’ Interior Movement, as above
-Bub-Treasury operations, net
$1,085,000
Total gold and legal tenders
*
This is
irrespective of the changes
circulation of the Metropolitan Bank,
of Banks
Net Change in
Bank Holdings.'
ings
1,000,000
The
$2,507,000
Loss..*1822,000
September 25, 1884.
Pfl.nk nf
Silver.
£
£
Silver.
£
£
22,59t5,151
42,174,498 40,887,152 39,030,475 41,111,786
6,851,250 20,053,750
7,276,437 21,829,313
Enjdnnrl
Bank of Germany
72,047,036j62,716,4651
Total this week
previous week
Gold.
24,355,903
Bank of Franco
Total
Gold.
September 27, 1883.
....
72,340, S03162,03
7,5761
70,243,634 61,765 536
70.420.1 Oil 62,818,296
Assay Office paid §722,455 through the SubTreasury for domestic bullion during the week, and the
Assistant Treasurer received the following from the Custom
The
House.
Consisting of—
Unties.
Bate.
Gold.
TJ. S.
Gold
Silver Cer¬
Notes.
Certific's.
tificates.
$13,000 $208,000
$8-1,000
137,000
181,000
165,000
178,000
226,000
233,000
$221,00
192,000
<4
20...
a
22...
$530,301 35
504,891 00
519,598 73
9,000
€f
23...
661,938 56
13,000
5,000
12,000
76,000
77,000
153,000
79,000
75,000
162,000
$67,000 $981,000 $516,000
$990,000
•Sept. 19...
U
24...
232,977 00
u
25...
406,197 26
Total...
$2,855,956 90
10,000
NORTHERN PACIFIC'S CHARGES AND
Northern Pacific securities have
nence,
attack
151,000
189,000
DEBT.
again risen into promi¬
and this week were made the object of special
on our Stock Exchange, under which prices of both
preferred and common stock weakened considerably. To
an outsider it is not clear that there is anything in the
present condition of the property to justify the attack, and
yet various reasons have been cited, one after another, to
make the movement appear plausible.
First, we were
told that the prospect opened up in the last report was
not encouraging; then a distorted and falsified account
of the company’s floating debt was set afloat; and finally
the rumor (so frequently current in the past) that the
Oregon Navigation line was in danger of being lost to
the company was revived.
"We cannot of
store for
course
this company.
charges
value
of
to
the
earnings,
upon
now.
do
not
understand that it is claimed
that
earn¬
likely to fall below those of the past year.
was not opened for through traffic till Sep¬
tember 9, 1883, so that for the first
two months
of the last fiscal year it did not get the benefit of
a complete line
to the Pacific Ocean. Besides, earnings
have already increased $236,721 in the present fiscal year
—July 1 to September 21. Then it is admitted that the
crops in Dakota and Minnesota—the eastern end of the
line—are unusually good, and give promise of a heavy
traffic to all the railroads, though farmers are at present
holding back their grain for higher prices. Should the
Oregon Navigation (upon which the Northern Pacific de¬
pends for an outlet to Portland) pass into the control of
the Union Pacific, that of course would be an unfavorable
feature, but as yet little has transpired to sustain such an
outcome.
The Union Pacific is not yet rid of its own finan¬
cial troubles, and, besides, the annual election of the Navi¬
gation Company was held only a short time ago, at which
a
directory supposed to be friendly to the Northern Pacific
was chosen.
Moreover, the belief now is that, failing a
lease to the Northern Pacific, the Oregon Navigation will
simply be operated as an independent line, treating Union
Pacific and Northern Pacific alike, and placing both upon an
equal footing. So it is supposed that earnings as large as
in 1883-4 can be depended upon for the Northern Pacific,
while the friends of the concern confidently count upon
very material gains.
As to the charges, they will undoubtedly bo heavier than
in the late year.
The company’s own debtrhas increased,
and the obligations on account of leased lines are also
♦
greater.
But no one need bo in doubt as to the extent of
The report furnishes the information sought,
the increase.
clearly and concisely, and there is no effort apparent to
cover
up or conceal anything.
Taking first the com¬
pany’s own debt, we find that the amount of the first
mortgage bonds now outstanding is $40,278,000, while on
June 30, 1883, it was only $33,631,000, the increase having
occurred at different times during the year (much of it at
the very beginning) and thus counted in part in the
interest account.
The second mortgage bonds amount to
$15,857f000, and were all put out during the year. The
*178,000
Loss.
produced by the retirement of the
referred to above.
immediate
We
Gain.
of
-
exist
•1,507,000
1,000,000
England reports a loss of £273,226
bullion for the week.
This represents £118,000 sent
abroad, £100,000 of which went to Egypt, and £155,226
sent to the interior.
The Bank of France gained 1,639,000
francs gold and 927,000 francs silver.
The Bank of Ger¬
many shows a decrease of 6,905,000 marks. The following
Indicates the amount of bullion in the principal European
banks this week and at the corresponding date last year.
Bank
The
which
property really hinges,
and about which a great deal has been said, the report
issued last week enables us to speak with considerable
In such an estimate we must necessarily confine
accuracy.
ourselves to the results of the present and the past.
It is
possible that there may be a further increase in fixed
charges beyond the amount now in sight (as. the company
has some new mileage still under way) and it is pos¬
sible also that prospective earnings may not come up to
expectations, but these are matters that relate wholly to
the future, and any estimate with regard to them would
be mere conjecture.
Wo propose to start with the earn¬
ings of the past year, as given in the report, and with them
as a basis see what the position of the road would be in
reference to its ability to meet in full the charges as they
of
tion
the
by the New York banks.
fixed
[Vol. XXXIX.
are
road
Pend d’Oreille division
bonds have
bonds and the Missouri division
some slight diminution, so that the
debt on June 30, 1884, was $61,635,-
undergone
total of the funded
400, all bearing 6 per cent interest and calling for
$3,60S, 124 per annum. In addition, there are $4,640,821
of dividend certificates, also bearing 6 per cent interest,
calling for $278,449 more, and making $3,976,573 alto¬
In the late year the amount paid for these
gether.
tell what the future may have in purposes was $3,535,038, so that here we have an increased
But as respects at least the rela¬ charge of $441,535.
Next
CHRONICLE
of rentals. The St. Paul
Pacific, furnishing a line from Brainerd on
comes
& Northern
THE
1884.]
September 27,
the question
consideration all charges against,
into
and all credits to,,
income, was $1,055,656. But these charges and credits
allowed for two items that did not properly belong to the
Minneapolis, was opened for
year's accounts, and will not recur therefore in 1884-5.
business July 1, 18S4, and this road is leased by the
These are a charge of $179,381 for the opening celebra¬
Northern Pacific for a rental equal to 40 per cent of gross
tion in 1883, and a credit to income of $39,898 on profit
earnings, which in any event must be sufficient to take and loss account.
The difference between the two
care of the interest on the bonds of the lessor company
amounts is $139,483, which if added to the $1,055,656
outstanding. As there are five millions of such bonds out¬
given, would make the real surplus for the year 1883-4
standing (out of 10 millions authorized), at least $300,000
$1,195,139.
So that with no improvement in earnings
would be required as rental.
Then the Northern Pacific in the
present year over 1S83-4, the company would have
is also responsible for 40 per cent of the rental of the
Northern Pacific Terminal Company of Oregon.
The $168,743 more than enough to meet the $1,026,396
increase in charges.
We may present the result in tabular
Terminal Company has $3,000,000 bonds outstanding,
form as follows.
calling for $180,000 a year, 40 per cent of which would Gross earnings iu 1S83-1
$12,603,575
7,177,755
be $72,000.
Further, the Northern Pacific also leases Operating expenses and taxes
Net earnings
$5,125,820
some of the tracks of the
St. Paul Minneapolis & Mani¬
Dividends from investments
35,012
toba—between Minneapolis and St. Paul for instance. But
Total income
$5,4.60,862
we need not go into the particulars of all those obliga¬
Requirements—
For interest
company’s funded debt outstanding
$3,608,124
tions on behalf of leased or connecting roads.
The report For interest dividend certificates
278,440
For rentals, St. Paul & Northern Pacific, St. Paul Minn. <fe
estimates the amount of rent required during 18S4-5 on
Manitoba, and Northern Pacitic Terminal Co
655,000
For interest and sinking funds on branch roads
342,262
the three roads mentioned at $655,000, and this is suf- For balance general interest account (tame as last year)...
318,284
the
Northern Pacific to
,
on
oa
cient for
Total
purpose.
The liabilities on account
our
of the branch roads must also
This branch system, it will be remem¬
be considered.
constructed by the Oregon & Trans¬
continental Company, and according to contract between
the
companies the Northern Pacific assumes the
interest on the bonds of each branch road two years
after the same has been completed.
There has hitherto
been much uncertainty as to the precise extent to which
the Northern Pacific was thus involved, but the late report
is very explicit in discussing the question, and clears up
all doubt about the matter.
It states that when the James¬
town & Northern shall be completed, the total mileage of
the branch roads so constructed will be 502-95 miles, on
which the Northern Pacific will ultimately be liable to
amount of $603,540 for interest alone, and to amount of
$704,130 for interest and sinking funds together. But
the amount for which the company will be liable in the
current year is only $342,262.
Adding this to the $655,000 already given above for rentals, we have a total
requirement of $997,262 for branch and other lines. In
the late year only $412,401 appears to have been paid for
bered,
was
rentals, giving us an
current
year
of
augmentation in that item for the
$584,861. As the increase in
$5.20i,\ 10
requirements
$168,743
surplus will increase as net earnings increase on
of a year ago, and the investor will therefore be able
Leaving a surplus
of
,
This
those
the company is making as the figures
operations are brought out from time to time.
As yet we have no returns of net earnings for any part
of the current year, but the gross for the period from
July 1 to September 21, as already stated, have increased
$236,721. Any decrease in the balance of general interest
account below what was paid in 18S3-4 would also swell
to see
what progress
of current
surplus.
company’s lloating debt
prominence this week, perhaps
the
having been given unusual
it may be well to devote a
little space to that subject, too. We showed a week ago that
the amount of this debt was quite small for a corporation
the size of the Northern Pacific.
But this week a state¬
ment has found its way into print purporting to show a
lloating debt of over 14.V million dollars. This statement
The
palpably an attempt at misrepresentation that it
utterly unworthy of any notice, except that
through reprint by different publications throughout the
country that are not in the habit of scrutinizing statements
of this character very closely, it may mislead some persons
who have not the facts and information at command neces¬
sary to prove its falsity.
In the first place, the statement
counts as a current liability the $4,640,821 of dividend
certificates which do not mature till January 1, 1888 !
Then it counts as a liability the $2,205,239 of surplus
is
so
would be
found to be $441,535,
the Northern Pacific will
it
would
seem
have to meet a fixed charge larger by $1,026,396 than in
The company in this late year also had an item
1883-4.
of “balance of general interest account ” to amount of
$318,284. Of course we cannot tell what the item will be (from the operations of 1882-3 and 1883-4) which was
used in the purchase of equipment, kc.
This should have
in the current year, but shall arbitrarily assume that it
been distributed as dividends to the preferred stock¬
will remain unchanged.
The probabilities are that it will
holders, and they not ’ having received it can sue for the
The floating debt is much smaller now than in
be less.
same, says the statement.
But in the reorganization agree¬
the previous year, which would reduce interest on that
ment of the company we find the following clause, defining
account, and then, also, in 18S3-4 there were many unset¬
what is meant by “net earnings” in speaking of the rights
tled accounts (incident to the construction of so much new
and priorities of the preferred stock.
road as had then just been completed and the issue of
Tim words, 4 net earnings,’ as used above, shall be construed to mean
sin-plus earnings of the said railroad as shall remain, after paying
large amounts of new bonds) that no longer exist, which such
all expenses of operating the said railroad and earryingon its business,
should likewise operate, it would seem, to make the balance including all taxes and assessments and payments on incumbrances,
and including the interest and sinking fund on the first mortgage bonds,
of interest account against the company considerably the expenses of repairing or replacing the said railroad, its appurte¬
nances, equipments or other property, so that the same shall be m high
smaller than $300,000. Still, because we cannot determine condition, and of providing such additional equipment as the, said compang shall deem necessary Jor the business of said railroad
the exact amount, as said, and also because we wish to
Another amount that this statement has included in its
err on the safe side, we make no change in that item.
total of floating debt is $2,801,174, reported as “proceeds
As against the increase of $1,026,396 in fixed charges,
“of land sales which have been used, but which should
it will now be asked what sum or balance has the Northern
have been devoted to purchase of preferred stock, for
Pacific (on the operations of the late year, and irrespective
which they were held in trust.”
This appears to be
of any surplus from previous years) to encroach upon ?
We supposed at first that there
We find that the surplus remaining in 1883-4, after taking wholly an invention.
interest
on
direct
debt
that
was
“
“
“
ij
840
THE CHRONICLE.
[Vol. XXXIX.
basis for the item in the operations make the obvious reflection that excessive credit leads to a
management, and were going to institute fictitious appearance of prosperity. All this is true in the
inquiries with regard to it of the company’s officials, but abstract—true of all countries and all peoples—and it was
on
closer
examination
find
that
it
is
nothing hardly worth while to send so far for the information.
but a very
to convert one of the What should have been asked is, Does the system of credit
poor attempt
fixed
items
in
the
into a demand which prevails in your Consular district help or
balance sheet
impede
obligation.
The balance
sheet
reports
$12,801,. trade ? There is a startling uniformity, too, in the answers
174 as
net proceeds of land sales, which proceeds it to the second question, “ Are
people averse to contracting
states as being held either in preferred stock, in bonds, or “debts?”
“No.”
“Quite the reverse.” “They are only
in cash.
Almost the whole of the amount is accounted for
too glad to do so.”
“ By no means.”
“They are partic¬
by certain details in the balance sheet, for we find $11,- ularly prone to making debts.*’
“They are greatly
‘‘addicted
thereto.”
These
are
answers
taken at random,
192,931 of preferred stock as cancelled by land sales,
and
with
rare
$239,000 of Missouri Division bonds as cancelled in the
exceptions they seem to state the fact with
same
way, and also $1,200,000 of Pend d’Oreille Division regard to every people under the sun.
bonds as cancelled.
11 will be noticed that the figures in
A§ide from the answers to the first two questions, the
this item of net proceeds of land sales are the same as replies are very far
from uniform, and are more valuable
those used in the statement under review, except that the in their lessons.
We think it can. be deduced as a general
figure 1 on the extreme left—representing 10 millions—has proposition—not however universally true—that the tend¬
been dropped off.
The author of the statement no doubt ency, as trade develops, is specialized, and is carried on
thought that 12 millions was altogether too big an amount more scientifically, not only to a shortening of the term of
for even the proverbial credulity of the public to credits, but
to a relative increase of cash and diminution of
credit
accept, and yet he wanted his figures to wear an air
trading. This is not the common belief, and it tfill
might possibly be
of
a
some
former
“
of
exactness
their
which
would
serve
as
a
pass¬
he quietly knocked
off 10 millions.
Finally no allowance is made for proper
offsets in the way of “accounts receivable ” to amount of
$2,482,863. We see no reason therefore to change our
remarks of a week ago that the company’s floating debt
on
June 30 was made up of $1,703,188 interest accrued,
$2,623,157 of accounts payable and $2,615,169 of loans
payable, or altogether $6,941,514, against which there was
$1,992,667 of actual cash and $2,482,863 of bills receiv¬
able, leaving the net floating debt only $2,465,984, and
this is more than covered by the 4 millions of second
mortgage bonds still unsold in the company’s treasury.
port
to
acceptance,
so
not be
difficult to cite facts which
seem
to
contradict it.
accustomed to think and to say that, substantially,
all trade rests upon credit.
The vast expansion ot bank¬
We
are
ing, which is the business of giving credit, seems to contra¬
dict .the assertion that the proportion of cash business
increases as scientific commerce expands.
But, not to
proceed further with these opposing facts, let us consider
what is to be said in favor of the assertion,
First, then,
substantially, all trade in the uncivilized and half civilized
communities of the world is upon credit.
We might fill
columns of the Chronicle with answers by the Consuls
which show this.
suffice.
We select
a
few brief extracts which
In Cuba “ the
only trade based wholly on
grocery trade.
The
.
THE CREDIT SYSTEMS OF THE WORLD.
“credit system is a long chain which extends from the
'Hie last collection of Consular reports, published by the
producer abroad or at home, through numberless middleDepartment of State, contains more complete information “men, link by link, to the consumer.” In Yucatan “cash
regarding the trade and credit systems of all countries and “transactions are extremely rare." In Asiatic Turkey
three-fourths of the wholesale and four-fifths of the retail
peoples than was ever before gathered in a single volume.
The origin of the publication was a
suggestion by the “trade are conducted on credit.” In Chin-Kiang, China,
Scranton Board of Trade, accompanied by a series of “from the largest government contract to the pettiest
questions, a copy of which was sent to each United States
shop-dealing trust is freely given, and it is indeed the only
Consul with a request for answers,
means of conducting business.”
(food as the result is,
In Java “selling for cash
it is not all that could be desired.
The questions were not
is exceptional.”
These, be it understood, are only
framed with such clearness that those to whom they were
examples of answers which, for communities like those
sent understood them alike; and
accordingly we find some inhabiting these districts are strictly uniform. If the above
Consuls confining themselves to inquiries as to the credit answers be
compared with those of the Consuls in Conti¬
customs in the wholesale and
nental
jobbing trades, while others
Europe, and these in turn with those of our Consuls
treat almost exclusively of the retail trade.
in
Moreover,
England and with what is true of this country, it is easy
some Consuls answer the1
questions with a “yes'’ ora “no’’ to see that the tendency is, as wealth increases, as goods
only, when replies less categorical would have been more move rapidly, as commercial honor is developed, to trade
useful.
But on the whole the information collected is more in cash and less upon credit.
The credit system
surprisingly good and is lucidly set forth.
grows because trade expands enormously; but a smaller
The collection has a distinct value in two different
proportion of all transactions is on time. A good illus¬
aspects. Its chief value, perhaps, is to the student of social tration of the tendency in its practical working might be
science.
One gets a comprehensive view of the prevalence drawn from a consideration of the trade
systems of the
must
“cash
is
the
retail
.
.
“
“
“
“
“
of the credit system; an answer to
the question whether
people are averse to contracting debts which amounts
to a fresh demonstration of the unity of dm man nature;
and, in short, an amount of material for the study of com¬
mercial customs as affecting, and as affected by, national
traits, which can be found nowhere else. A summary of
answers to the
interrogatories propounded is, of course,
quite out of the question. The query if credit stimulates
trade elicits a reply almost unanimously in the affirmative
—some Consuls
adding that within their respective districts
trade would be impossible without credit, whiler others
the
Southern States in 1854 and in 1884.
Yvre need not adduce
anything further to show that these
reports have a value as material to be digested in the study
of social problems.
They have also a value not to be
despised of a practical kind. At the present time, when,
many of our merchants are considering how they can
extend their commerce abroad, it is worth while to know
on what terms they are to trade with other peoples.
As
we have said repeatedly, the .only practicable mode of doing
this is by imitating the British, who establish foreign
houses, and by conforming to the customs of other people,
rather than
by endeavoring to’persuade them to adopt our
Now the
customs.
one
which
we
may hope
manufactured goods, is
The
consumer
custom of all the countries
to
that of almost interminable credit.
pays slowly—never, if he can avoid it; the
when the consumer has paid him, and the
collect funds. Six months
be short credit in most of the countries except
those of Western
year
by
with
to develop an export business in
retailer pays
wholesale merchant when he
seems
no means
can
Europe and of North America, and a
To
unreasonably long.
engage
in this
trade, therefore, requires large capital and strong credit at
home.
That it is fairly safe and extremely profitable the
experience of Great Britain proves conclusively. But one
must begin the enterprise armed with patience and per¬
severance, and lay aside ail Ids prejudices in favor of the
It seems, from all the
testimony in the Consular reports that collections are made
after a time, and though the percentage of loss is large the
cash
341
THE CHRONICLE.
1884.]
September 27,
system and short
credits.
trade is
political affairs in Europe and Asia and the epidemic in the
of Europe are undoubtedly militating against any
improvement; besides which the state of credit leaves much
room for* improvement.
The banks are as cautious as the
merchants, and discount business is upon a very small scale.
The “fourth” of October is not far distant, which is one of
the heavy days in the year for inland bills in connection with
the autumnal trade.
It is more than probable that this year
it will prove to be unusually light, as our trade this season ha.s
been remarkably small.
There ha-, been rather more demand for money during the
week, partly caused by the Stock Exchange settlement, which
was, however, a light one, as is usual at this period of the
year when so many operators are away from London; besides
which there is no attraction to a speculator just now, because
the fluctuations in prices are so trifling.
At one period the
rate for short loans advanced to 1 to
per cent per annum (a
very low point) and it has relapsed to :?q per cent.
As far as
of
south
the discount market is concerned there has been no
improve¬
supply of bills remains small and these are com¬
peted for. The quotation for three months’ bank paper is Y%_
to
per cent.
Traders are beginning to give up this year’s
business almost as a bad job.
It has been a great disappoint¬
ment throughout, and it is not many weeks before we shall
reach its termination. Some assert that there will be a spurt
in October and the early part of November, but this optimist
view is not generally recognized. It is more than probable
that there will not be much variation in business during the
ment.
The
profitable.
interesting part of these reports is that
which relates to the effect of the co-operative system in
England upon the British 'retail trade. The introduction
of that plan has greatly developed the cash system, and remainder of the year, and that merchants will not be able to
solace themselves with any such recovery.
has lowered the prices which consumers pay for the neces¬
The following are the quotations for money and the interest
saries of life to a very remarkable degree. In this country allowed by the discount houses to-day and same day of the
previous five weeks:
no such influence has been at work, but in the large cities a
somewhat similar result has been partially brought about by
Interest allo wed
Open market rates.
for deposits by
the competition between the great dealers.
The difference
*
Bank Bills.
j
Trade
Bills.
Disc't TTse
London
Joint
between the price of the yard of cotton cloth which the
|
At 17 to 14
Six
Stock
Foxir
Not the least
CO
Q
Six
Four
Three
Three
Months Months Months. Months Months Months
manufacturer sells to the wholesale dealer, and of the same
Banks. CaU.
Dayt.
■
yard of cloth when the consumer buys it over the retail
counter, is very small indeed.
Compare the percentage
with that of the profit on the baker’s loaf of bread, and it
will be seen that much yet remains to be done to bring
down the price of living to a sum which represents the
reasonable cost of, and a fair profit upon, the articles pur¬
chased, and which eliminates extravagance and waste.
iPkrueftmjl ©ommcvctari^ugitslx Jleius
BATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
EXCHANGE AT LONDON-Sept, J
EXCHANGE ON LONDON
2.
*
Latest
Dale.
:
Time. \
On—
Amsterdam
.
Short.
Amsterdam. 3
Hamburg...
mos.
• •
< 4
Rate.
12 2*4 ®12-25j
12 4
n 12-4is
_’5*56 n 25-60
25*56 '5/25*60
.'5*56
it 25*60
Berlin
Frankfort...
44
Vienna
12*28Hi 5)12*3 P4
if
#25*15
25*40
Antwerp....
if
25*32 ,o'®25*37iu
Paris
Checks 25*1 Obi #25*21kj
Paris-.
St. Petersb’g 3 in as.
237b #24
25*45
<£■ 1515 0
Genoa
25-45
#25*50
Naples
44
469ifi'#46lLn
Madrid
<4
Cadiz
46°i3#46tli8
if
52 #5211,*
Li- b on
Alexandria..
44
Time.
Sept. 12 Short.
Rate.
12 11^
....
Sept 12
Sept. 12
Short.
4 4
;s«pt. 12
!scpt. 12
l
4
iSept. 12 3 mos.
Sept. 12 Cheeks
I
20*42
20*38
20-38
12*10
20*30
25*18 *3
....
....
•Sept. 12 3
mos.
Coustan’ple.
Bombay
..
..
Calcutta.
Sept. 12 3
I
.....
Sept. 12 5
1 Sept.
:::::
mos.
.
.
.
b mos.
Is 7%1.
Is. 7 Sgil.
Shanghai....
“
| Sept. 121
“
4*85 H
Is. 7^-iod.
18.
2
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2%© - 1Y@2 2
2
2V«© -AH®2
summer
@
®
l
©214 2Uj®3
-1
l
shows' the present position of the
Bank rate of discount, the price of
consols, the average quotation for English wheat, the price of
middling upland cotton, of No. 40 mule twist, fair 2d quality,
and the Clearing House return for the past week, compared
with previous years:
The following return
Bank of England, the
1334.
1383.
1992.
1891.
£
Circulation, exclud’g
Hank post bills...
23,22 i.8’25 26,191,930 25.391,190 25.576,305
6,209,999
5,970.030
4,652,866
Public deposits
4,995,045
Other deposits
25,807 23,569,819 25,269,752 23,198.324
Governm’t securities 14.557,049 11,632,205 13,693,631 13,437,669
22.0i,7.009 23.931.935 21,459.091 21,053,564
Other securities
13,378,454
Res’ve of notes & coin 12,509,549 11,156,714 14,4-1 l!’l
Coin and bullion in
both departments.. 23,044,37 4
Proport’n of reserve
to liabilities.
Bank rate
Consols
Eng. wheat, av. price
Mid. Upland cotton..
.Vo. 40 mule twist
£
£
&
21,601,094 24,122,331
23,204,759
46-4
3kj p._c.
2 p. e.
41 s. 84.
3 4s. 3d.
33q
405*
4 p. c.
99 q
5 p. c.
54*. 51.
45s. 9u.
45*4
iota*
1007lfl
99 \
6 led.
9HidO
5-4 1.
73js<1.
r,
l'U4d.
Clearing-House ret’n. 81.768.000 119,154.000
10 H;d.
82,020,000
91,298,00©
Bank rate of discount and open market rates at th
chief Continental cities now and for the
have been a3 follows:
fi8.
Interest at
previous three weeks
Sejitemher 4.
An<just 2>.
Avgust 21.
Bank
Open
Bank
Open
Bank
Open
Bank
Open
Rate.
Market
Rate.
Market
Bate.
Market
Rate.
Market
713^0(1.
3s. 9.1.
1VI.
is being succeeded by a
most favorable autumn.
The weather during the past week
lias left nothing to be desired, and those who can prolong tlieir
holiday are doing so. The attendance in London has there¬
fore been very limited, which may be accounted for, first, by
the fine weather to which we have referred, but also in part by
the very poor prospect there is of making money.
It matters
little in which direction we turn, the complaint is the same—
that notwithstanding a good harvest and cheap m oney, not
only is no impetus given to business, but that, on the other
hand, there is a greater tendency for business to diminish
than increase.
In the groceries department in Mincing Lane,
on the Stock Exchange, as well as in most of our manufac¬
turing towns, the utmost caution is observed. Also, the state
-
Q
Scptimb.r 11.
London, Saturday, Sept. 13, 1884.
hot
Q
2X© —;2
Rates of
T From oar own correspondent.]
The brilliant and very
2X® -.2
—
©
.
Sept. 12j -4 mos.
Sept. 121
Hong Kong..
-
2
....
Sent. 12
•
47*40
H- U
H- H
m©
-
Sept. 5 2
“
X
-
134<3>
mos.
12jCahle3.
New York...
“
X
1
1m
2
....
4
....
“
1
-
2
The
««
«
“
-
8
15
Aug.
Paris
3
2
3
2
3
m
3
2%
Berlin.
4
2H
27*
4
4
2h
4
3
2X
2%
2\i
2%
2*4
3
2%
2%
2H
3
ZX
2H
2X
2X
2H
5
5
5
5
5
SH
4
SH
Frankfort
—
—
Amsterdam
3
Brussels
3
2H
2%
2H
Madrid
5
5
5
Hamburg
—
—
3
—
—
3
2H
—
—
3
Vienna
4
su
4
SH
4
H. Petersburg..
0
0
0
0
0
0
0
0
Copenhagen
4
4
4
4
4
4
4
4
In reference to the state of the bullion market during
the past week, Messrs. Pixley & Abell remark:
Gold.—The only imports are £6,300 from 8ou1h America, and £3,700
from Australia. The Bank has sold during the week £100,000 in
sovereigns, which have been taken for Portugal.
The Peninsular
& Oriental steamers take £20.Of 0 to Bombay and £3,CO »to Colombo.
when business
to-day.
by
Silver continued nominally at 503jd. until yesterday,
done at 50H16d. for rndia, and this is the nearest quotation
The sole arrival is £35,200 from New' Y'ork.
£122,000 has been tent
tbe P. & (). steamers Ravenna and Carthage to India.
Mexican dollars are again firmer, and 50d. could be obtained for
ment per next mail.
Tne market is. however, very
arrival of the French steamer, which has a large amount on
£112,213 has gone to China and £25,700 lo the
& O. steamer.
was
ship¬
bare, pending the
board;
Straits by this day’s Pj
THE CHRONICLE.
342
The
quotations for bullion are reported as follows:
d.
«.
77
Bar gold, fine....or.
d.
d.
>.
77
9>a
Bar silver.fine..or.
9%
silver,contain¬
ing 5 grs. gold..oz.
8.
State).100 lb.
Wheat, No. 1, wh. “
Spring, No. 2, n. “
Flour (ex.
Sept. 4.
Sept. 11.
Sept. 4.
d.
,
50 11-10
50H
51 1-10
51%
54 H
49%
Bar
Bar gold, contain’?
20dwts. silver..or.
77 11
77 11
Span, doubloons.oz.
Cake silver
8. Am.doubloons. oz.
U.8. gold coln...oz
Mexican dols...oz.
oz.
Chilian dols
54 11-10
50
'
oz.
Ger. gold coin...or
The Bank of England has declared a dividend of 4*$4 per
cent for the half-year, comparing with 5 per cent in 1883.
The City of Sydney, through the Union Bank of
invite tenders for £258.000 in 5 per cent debentures, in sums of
£100 each.
No tender will be accepted at a lower sum than
£107 10s.
The weather having been very favorable, as stated, and
there being ample supplies, the trade for wheat has been dull
on still lower terms.
Red English wheat has been sold at the
low price of 34s. to 36s. per imperial quarter.
Red winter
Mon.
Sat.
Liverpool.
Price of Silver.
Price of Gold.
Sep*. 11.
[vox,, xxxix.
Winter, South, n
Whnter, West.,n
“
“
Cal., No. 1
“
“
Corn, mix., old... “
Com, mix., new..
“
Pork, West. mess.. $ bbi
Bacon, long clear
Beef, pr. mess, newj tc
Lard, prime West.. $ cwt
Cal., No. 2
Cheese. Am. choice
10
8
d.
9
10
7
8
5
8
6
0
6
9
6
7
6
5
5
9
6
7
6
1
9
0
0
0
09
48
SO
37
5
5
09
49
SO
38
53
0
0
9
6
52
d.
9
7
5
8
0
1
8
G
8.
0
0
0
0
0
0
d.
8.
10 9
8 7
6 6
9 8
6
6 7
1
7
7
8
6
G
0
5
5
0
4 11%
4 11
69 0
69 0
0
49
49 0
80 0
30 0
38 3
38 3
53 0
53 0
d.
9
7
6
8
7
1
8
8.
10
8
6
9
Fri.
Thurs.
Wed.
Tue».
d.
9
7
6
8
7
1
8.
10
8
6
9
0
7
6
5
]
8.
d.
10
9
8
6
9
6
7
6
5
4
69
49
80
39
53
8
6
4 11
69 0
49
6
80 0
39 6
53 0
7
6
8
7
1
8
C
11
0
0
0
3
0
Australia,
Week.—The impoits of last
the preceding week, show
a
decrease in both dry goods and general merchandise.
The total imports were $7,100,185, against $8,607,773 the pre¬
ceding week and $7,965,182 two weeks previous. The exports
for the week ended Sept. 23 amounted to $7,068,417, against
American, on passage by steamer, has been disposed of at 33s.,
$8,565,997 last week and $6,683,277 two weeks previous. The
and No. 1 California new crop, on ship, at 35s. 6d. There
following are the imports at New York for the week ending
has been a liberal importation into the United Kingdom, in
(for dry goods) Sept. 18, and for the week ending (for general
consequence of which the supplies afloat are somewhat
merchandise) Sept. 19; also totals since the beginning of the
reduced.
Of wheat and flour, they*amount to 1,812,000 quar¬
first week in January:
ters, against 1,842,000 quarters last year. O.i the other hand,
FOREIGN IMPORTS AT NEW YORK.
the quantity of Indian corn on passage is increased to 215,00$
1884.
1883.
1882.
1881.
For Week.
quarters, against 200,500 quarters last year. The imports dur¬
ing the first week of the season, compared with last year,
$2,399,980
$2,974,145
$2,93 4,338
$3,129,7.-4
(hot.
Barley
Cwt.
118,807
712.191
130.979
572,192
Beans
Indian corn..
Flour
1,775,820
170,070
1,^07,364
2< 9.81)7
1883.
1884.
Cirt.
1883.
1884.
Cict.
Wheat
348,205
274,045
201,142
13,380
12,123
The Board of Trade returns have been issued this week, and
220,821
Oats
Peas
they are of a disappointing character. They confirm the want
of activity in general business and have exercised a somewhat
The totals stand thus:
adverse influence.
1883.
1884.
£30,221,980
287,105.i 94
21,381,902
159,109,591
£?9.C>10,739
202,753,490
19,802,057
150,403,152
1852.
Imports in August
£33,111,785
Imports in 8 months
274,300,109
vl,559.018
Exports in August
Exports in 8 months
101,212,520
The following figures relate to
IMPORTS.
1883
1884.
cwt.
10,597,245
10,827,193
10,28(5.22^
Wool, sheep and lambs...lbs.
407,013,568
413,509,817
419,72-4,-9~
1882.
Cotton
exports: rouEKIN' AND colonial.
Cotton
cwt.
Wool, sheep and lambs...lbs.
-
1,031,254
1,4(>‘V*10
1,550,655
101,990,128
170,722,944
180,435,057
15,029,098
15,048,503
11,063.090
179,990,500
2,916.459,400
17,190,-00
157,423.500
13,219,300
109,270,500
exports: imrrisii and irisii..
13,945,307
8,325,400
Coal, colco and fuel.. ..tons.
Wool, slice]) and lambs..lbs.
Cotton yarn
lbs. 159,930,500
Cotton piece goods....yards.2,801,179,000
Jute yarn
lbs.
14,144,200
Jute piece goods
yards. 130,580,000
Linen yarn
12,743,500
lbs.
Linen piece goods
yards. 125,817,400
Silk manufactures
£
1,929,988
Woolen and worsted yarn.lbs
20,754,900
Wool fabrics
yards.
61,019,400
Worsted fabrics
yards. 100,7. 9,800
Flannels
yards.
6;309,100
unwi
and
ought
wrought
24,823,100
05,170,500
119,490,200
5,704,300
29,528,000
59.470,900
95,243,500
4.615.200
7,574,500
7,078,500
718,905
072,595
Total
Since Jan. 1.
Dry goods
Gen’l mer’diee..
1884;
1883.
1882.
Yanis.
Yards.
Yards.
bleached.... 251,940,100
289.325,800
257,23L,700
117,4 9,100
117,733,400
110,003,200
Printed, dyed or colored
Mixed materials, cotton
dominating
pre¬
Total
4,858,200
3,201,400
37,100
374,303,100
410,203,000
307,872,000
1883
1884
1,181,520
225,414
1/9,712
1,330,100
207,073
108,540
1,159,700
90,232
5,440,077
5.057,870
4,910.021
1882
£
net
Hosiery of all sorts
£
Thread for sewing
lbs.
Other m’fs, nnenumerat’d.£
Tot. value of cotton inTs..£
230,901
127,008
103,180
110.042
English Market Reports—Per Cable.
securities, &c., at London,
at Liverpool, are reported
follows for the week ending Sept. 26:
The daily closing quotations for
and for breadstutfa and provisions
by cable
as
Sat.
London.
Mon.
d.
501-16 507s
ioi%6 10118
Tues.
50%
101
101%
Consols for account
Fr’ob rentes (in Paris) fr
U. 8. 4%s of 1891
U. 8. 4s of 1907
Canadian Pacific
Chic. Mil. * St. Paul....
Erie, commou stock....
IHlnois Central
101%
1013s
78*50
115
78*7212 78-55
11514
US’s
122 k)
122%
4414
45ie
81%
33%
Pennsylvania
Philadelphia & Reading
56
127
56 is
123-1
103 %
12%
10314
New York Central
1225s
45 is
84 hj
14%
lv'0%
14
$10,203,300
$9,972,011
$7,100,185
$85,362,804 $102,508,455
230,390,700 209,963,092
$94,908,627
243,,43C,758
$90,295,859
Wed.
Thurs.
13 %
126%
ft 5%
12%
(10214
5013IC
101
101
78-40
115 %
For the week...
Prev. reported-.
bran e.e
Germany
-
West Indies
Mexico
France
German
12%
12%
101%
99%
x98
55%
$200,000
$8,931,024
12,523
725,339
843
130,245
46,590
$2,285
$
38',094
208,817
5S.8373
0,8-6
83,992
O.OUO
$272,525 $10,233,584
$-25,852
359.249
O
-
540,324
4,034
11,002,030
9,130,472
0,77
749,905
1,780,973
193,587
38,715
4
0,1 95
4,950
$2,313,898
3,940,251
1,914,413
$10,762 were
coin. Of the
exports during the same time, $7,330 were American gold
coin and $45,002 American silver coin.
U. S. Sub-Treasury.—The following table shows the receipts
and payments at the Sub-Treasury in this city, as well as the
balances in the same, for each day of the past week :
Balances.
*
$
2,190,280 14
Total...
*
Payments.
Receipts.
Dale.
20.
14
$20,993 $10,G32.016
07 0,717
7,826,051
781,505
10,347
Of the above imports for the week in 1884,
American gold coin and $9,114 American silver
24.
120%
55%
12%
8,150
220,919
28,033
33,774.134
...
countries.
Total 1884
Total 1883.
Total 1882
25.
13%
190
13,9S0
2 4.250
West Indies
“
120
7,800
7G3,771
700,042
3-0.068
Mexico
3outh America
1,341.028
2,827,121
21.500
/
All other
$3,294,150
2,400,615
0,8*2 2
$7,3SO $37,911,344
Silver.
Great Biitain
41
120
55 %
2.3S0
Tatal 1884
Total 1883
Total 1882
10114
x 79
5,0. 0
South America
All other countries...
$
$20,471,070
4,35*2,824
1,6:8,920
3,885,914
$....
Great, Britain
Since Jan.l.
Week.
Since Jan.l.
Week.
78-20
81
Imports.
Exports.
23.
44%
AT NEW YORK.
Gold.
“
125%
41%
$7,068,417
227,709,403
$7,442,024
25 4,253,580
$247,955,791 $261,096,204 $234,777,820
EXPORTS AND IMPORTS OF 8PECIE
00
115%
239,672,527
1883 and 1882:
“
123
$8,283,204
$8,953,660
275,738,539
1884.
1883.
1882.
specie
Sept. 20, and
in
♦4
115%
for the week.
The following table shows the exports and imports of
at the port of New York for the week ending
since January 1, 1884, and for the corresponding periods
501316 50l%6
101%6 101%
123%
4 l%
81%
13%
$372,470,547 $ 333,389,3c 5 *319,493.29
Total 38 weeks. $284,742,199
Fri.
101%
229,197,432
our
S.pt.20.
Silver, per oz
Console for monev
$10,958,395
1881.
Other manufactures of cotton show as follows :
Lace and patent
4,700,209
exports from new yobs
2,380,041
following were the quantities of cotton manufactured
piece goods exported in August, compared with the corres¬
ponding month in the two preceding years :
or
0,997,500
report of the dry goods trade will be found the im *
ports of dry goods for one week later.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending Sept. 23, 1884, and from January 1 to date:
In
The
Unbleached
7,203,908
Total 38 weeks. $321,753,570
781,331
083.286
2,039,293
2,931,114
tons.
1,521,095
1,050,817
010,514
cwt.
Iron and steel
172,504,600
3,012.902,000
14,209,000
151,013,000
12.095,700
110,834.500
803,300
pairs.
Blankets
10,875,900
7,075,800
yards.
Carpets
7,823,011
Gen’i mer’dise..
the eight months ended
August 31:
Copper,
Imports and Exports for the
Dry goods
follows:
were as
.
week, compared with those of
Includes
1,362,441
1,400,700
798,351
1,510,004
3,141,245
77
71
85
29
98
8.463,034 74
$
$ "
770,883 22 131,219,700 SI
1,088,004 40 131,049,731 59
722,809 30 132,354,492 46
1,558,303 53 132,037.003 21
1,259,747.57 132.341.793 05
1,034,455 15 132.423.793 40
Currency.
$
10.583,155 33
10,420,911 91
10,400,092 93
10,010,909 39
9,963,036 24
9,937,827 20
0,434,983 29
$1,200,000 U. S. notes received from
Washington.
Mining Co. declares its 99tli dividend
fifty cent3 per share, payable at the office of Lounsbery &
—The Ontario Silver
of
Coin.
Haggin.
September 27,
'gkt Skulkers7 65a*ette.
DIVIDENDS.
The following
dividends have recently
been announced :
Per
Cent.
Name of Company.
Railroads.
Chic.,Mil. ifcSt P. com. and
pref..
Chicago R. Island & Pac. (quar.).
Chic. St. P. Min. & O. prof. (quar ).
Delaware Lack, it West. (quar.)..
Lake Shore it Mich. So. (quar.) —
Ralefili 6c Gaston
Payable.
3*3
ls4
134
Oct.
2
Oct.
1*2
NOV.
3
NEW
5
YDKKi FRIDAY,
11 totes Closed.
When
Nov.
Oct.
Oct.
Blanks.
•Gallatin National
343
THE CHRONICLE.
1884.J
Oct.
3
30 to Oct. 22
Sept. 30 to Oct. 26
20 Oct.
20 Oct.
1 Oct.
3
Prime bankers’sterling hills on
Prime commercial
Documentary commercial
Paris (francs)
1 to Oct 21
3 to Oct. 20
1 to Nov. 4
Sept. 2 to
10. Serf. 25 to Oct. 9
SEPT. 26, 1SS4-5 P. ML.
London
4
4o*8
94%
Coins.—The following are quotations in
coins
S
83%
4 82
4 Ml
5 21%
Amsterdam (guilders)
Frankfort or Bremen (reiohmarlrs)
(Cays inclusive.)
21 Sept.
Sixty Days Demand.
September 26.
4 85%
5 19%
40%
95*8
gold for various
:
$4 84
>vereigns..
3 86
Napoleons
X X Eeichmarke. 4
X Guilders
3
S >an’hDoubloons. 15
M>,x. Doubloons.. 15
F ue silver bars
.1
Fine gold bars
D mes& *3 dimes. —
..
®$4 83
S> 3 90
74 ^ 4 78
96 ® 4 00
55 -&15 65
55 ®15 65
10% ct 1 11*4
par cl *4 prem.
99*3# par
1 Silver %s and %s.
Five franes
Mexican dollars..
Do uncomiuerc’l.
PeruviaiiBoles....
English silver
....
U. 8. trade dollars
U. 8. silver dollars
—
—
—
—
99\7t
92 % 2>
8778 3>
*7
a>
par.
—
—
94%
S8%
79%® — 81
4 80 it 4 85
—
—
—
S7
n
par.
United States Bonds.—The transactions have been mod¬
Market and Financial Situation.—Business
erate in the aggregate, but prices show a marked improve¬
dull; politics active; corn cornered, and stocks depressed, are
ment for tlie 4s and 4i£s.
The nominal quotations at the
the expressions which give a general view of the past week.
Board for currency 6s were on Wednesday several points
There are flickering indications of some improvement in mer¬ lower, but higher again afterwards, and the only sale of these
cantile business, which seems to have grown up from the fact bonds was $10,090 of the ’99 issue at 135.
To-day the Treasury Department issued the one hundred and
that buyers and consumers of merchandise have become pretty
well satisfied that bottom prices on many articles have been thirty-first call, retiring $10,000,000 of the 3 per cents, princi¬
reached. In any period of depression a basis for gradual pal and interest to be paid November 1.
The closing prices at the N. Y. Board have been as follows:
improvement is arrived at when the public becomes convinced
that prices are not likely to go lower. This does not mean an
Sept.
Sept.
Se nt.
Sept.
Interest Sept.
Sept.
immediate return to great activity, but it means much if only
26.
25.
24.
23.
22.
20.
Periods.
the assurance that future business must necessarily be at
"112
*112
*112is *11218 *112*4 112%
prices no lower than those now prevailing, with every chance in 4 las, 1891
..reg. Q.
*112
112% *112*8 *112*4 *112*4
*112
favor of a rise.
Last week we called attention to wheat, and 41*8,1811
.coup. Q.
*119% 11938 *11 93b 1 19% 119% 1 197q
4^, 1907
reg.jQ.
now the reports from Pennsylvania show a better feeling in
120 is *120*8! 120% *120*3 120% 1207a
oonp.lQ.
48,1907
iron and in steel rails, while the sale of flannels at auction this 3s,
*’00% *ion% *1001-2 100*3 *100*3 *100*a
option U. 8.. --reg. Q.
*126
*126
*124
*126
*127
week brought prices that were fair on a sale of that sort.
61, cur’cy, ’95.. ..reg.J. & J. *127
*128
*128
*126
*128
*129
& J. *129
At the Stock Exchange there was great depression in the 63, our'oy, ’96..
*130
*130
*128
*130
*131
& J. *131
69, cur’cy, ’97..
*132
*132
*130
*132
*133
early part of the week, and the lowest prices on Wednesday 63,cur’cy, ’98..
& J. *133
*134
*134
*132
*131
135
reached figures which on some stocks were remarkably near 6a,our’cy. ’99..
& J. *135
to the lowest prices of the May panic.
But on Thursday there
was
a
decided improvement before the end of the day,
founded mainly on the temporary adjustment of difficulties
State and Railroad Bonds.—The transactions in State
by the railroad men in conference at Chicago, and bonds have been moderate, the sales embracing $31,000 Vir¬
a few days' truce among the trunk line oificers in New York,
ginia deferred scrip at 4@5, $1,000 Alabama, class A, at 79^,
which may lead to a settlement of their difficulties growing $6,000 South Carolina Brown consols at 105, and $10,000 Ten¬
out of the demands of the Grand Trunk of Canada for a new nessee 6s, old, at 394£.
arbitration'. It has been evident for some time past that a
The railroad bond market offers no new features of interest.
genuine settlement of difficulties among the Western roads Transactions have been light and prices generally a trifle
and the Eastern trunk lines would change in a moment the lower.
The Erie 2d consols continue a special feature
whole railroad situation, and any approach to such adjustments among the speculative class and on Monday declined to 511Y,
is that much gained.
Nor is it to be supposed that the officers but have since been stronger and close at 537{, against 54;^
of any one company having taken a certain position are never hist week.
West Shore bonds liave been dull until to-day,
when
they became active and advanced above 43, closing at
going to budge from it or yield a jot of their demands, how¬
ever large the majority against them.
Such pig-headed obsti¬ 42;*g, against
last Friday. It was reported to day that
nacy as'this would indicate the worst of unwisdom instead of
$10,000,000 of New York Central 5 per cent debenture bonds
the shrewdness and extraordinary ability in negotiation which had been sold to J. S. Morgan & Co. of London, but the facts
is known to characterize our railroad managers.
could not be ascertained.
Kates for call loans during the week on stock and bond col¬
Railroad and Miscellaneous Stocks.—The stock market
laterals have ranged at 1 to 3 per cent, and to-day at be 3 per has been devoid of
any special feature of interest this week
Prime commercial paper is quoted at 5@0 per cent.
cent.
except the depression whicli was so marked throughout the
The Bank of England weekly statement on Thursday showed
early days and until the better feeling on Thursday. On the
a loss in specie of £273,226, and the percentage of reserve to
whole, the bears have had the best of it, and prices show
liabilities was 44 13-16, against 45 3-16 last week ; the discount material reductions as
compared with those ruling at the close
rate remains at 2 per cent. The Bank of France gained 1,639,000 of last week.
The meeting of the trunk line managers
francs in gold and 927,000 francs in silver.
which has been in progress has been a disturbing element, the
The New York Clearing-House banks, in their statement of various rumors circulated from day to day in regard to their
Sept. 20, showed a decrease in surplus reserve of $149,675, action in settling the questions in dispute tending to unsettle
the total surplus being $28,144,700, against $28,294,375 the confidence in the ultimate result.
No definite arrange¬
previous week.
ment has yet been reached, the meeting having adjourned
The following table shows the changes from the previous
until next Tuesday, after designating a committee to
week and a comparison with the two preceding years in the
report upon a plan of settlement of the Grand Trunk trouble.
averages of the New York Clearing House banks.
In regard to the affairs of the railroads west of Chicago an
improvement may be noted this week. A temporary truce of
1882.
1883.
1884.
Differ’nee s fr’m
ninety days has been effected, and in the meantime rates will
Previous Week.
Sept. 23.
Sept. 22.
Sept. 20.
be maintained, and, it is hoped, all differences amicably settled.
The volume of business on the Stock Exchange lias not been
Roans and cl is. $291,257,400 Inc. $383,300 $331,701,900 $325,683,600
51,018,503
431,700
55,390.330
74,534,^00 Tnc.
Epccio
13,637,400 heavy, but fluctuations have been wide from day to day, and
15,408,300
49,800
14,135,590 Deo.
Circulation...
305.734,400 tnc. 2,135,100 318,013,400 297,389,300 the prevalent feeling until Thursday was one of weakness.
Net deposits..
21,057,000 The Vanderbilt shares have been a special object of attack, and
26,050,400
50,600
30,013,500 Dec.
Legal tenders.
it was currently rumored that freight rates were being seri¬
$74,347,325
Inc.
$79,503,350
$533,775
Legal reserve $76,433,600
72,075,500
331,100
81,410,700
104,578,300 Inc.
Reserve held.
ously cut and that the dividend on Lake Shore would be
reduced, but Thursday the directors declared the usual quar¬
df.
$2,271.825
$1,907,350
$28,141,700 Dec. .1149,675
Surplus
terly dividend of l}/2 per cent. In the affairs of the coal roads
Exchange.—Foreign exchange has been dull, but rates have there is nothing new to report, but Lackawanna has been
been steady, and an advance of one half cent in the posted stronger than the general list, and the other coal shares neg¬
rates for sterling bills' was made early in the week.
Cotton lected. The short interest continues large and many of the
shipments are increasing, and this freer movement would seem active stocks are scarce for immediate delivery, the rates for
use being quoted to-day as follows: Lackawanna, 1-32; New
to indicate the probability of a larger supply of commercial
York
Central, 1-64(3)1-32;- Northern Pacific preferred and
bills in the near future.
Michigan
Central, 1-64; Union Pacific, 1-128(3)1-64; Lake
To-day the rates on actual business were as follows, viz.:
Bankers’ 60 days sterling, 4 82,14@4 ^>2%
demand, 4 34)£(5) Shore, 1-128; Reading, St. Paul and Northwest, flat to 1-128,
Jersey Central and Burlington & Quincy flat.
4 84;{4.
Cables, 4 81^04 85. Commercial bills were 4 8T(a) and
O11 the whole, there has been nothing of a startling nature
4 81}^.
Continental bills were : Francs, 5 21Jg@5 221£ and
developed the past week, but a lack of confidence in railroad
5 19^3(5)5 20; reichmarks, 94ag(fi)94}£ and 94/g@95; guilders,
management and an absence of public interest in the stock
39^@ 39/g and 40@ 40 J £.
market make it an easy matter for professional traders to
The following were the rates of domestic exchange on New
depress prices when business is so dull. To-day there was a
York at the under-mentioned cities to-day: Savannah, buying
much stronger tone in the morning, and prices advanced
3-16@J4 discount, selling lg discount @ par; Charleston, buying
decidedly
on the improved situation in the several railroad
discount, selling yz discount @ par; Boston, 12@20 premium;
pools; in the afternoon the market weakened, and in the last
New Orleans, commercial, 100 discount; bank 100 premium; St.
hour of business prices declined quite sharply, under lead of
Louis, 50 premium; Chicago, 25 discount @ par.
the Vanderbilts, including Northwestern.
The posted rates of leading bankers are as follows :
The Money
-•
THE CHRONICLE,
344
[VOL XXXIX,
FOR WEEK ENDING SEPT. 23, AND SINCE JAN. 1, 1SS1.
NEW XORK STOCK EXCHANGE PRICES
1
For Fall
•
HIGHEST
STOCKS
onday,
Sept. 22.
Sept. 20.
HA1LKOADS
Boston & N. Y.
130
Sept. 24.
Air-Line, prof.
Cfmruliiin Pacific
Canada Southern
*32
*32
49<4
Central of New Jersey
30%
1st pref
2d p ref
Do
Do
Chicago A Alton
Chicago Burlington
40%
40
40%
r>i%
30%
39%
15
48
37%
49*4
38%
*0
49
39
8
14%
14*8
14%
14%
31%
32%
47%
38%
9%
*7
130
120
- 9%
130% 130%
1321.2 132 %
122%
Quincy. 121*4
80% 81%
St. Paul *1071-4
pref.
43*8
43
130%
*
pref.
Do
30
92
*38
139
107
A Om..
Chicago St. Paul Minn.
w
pref.
Do
Cleveland Col. Cinn. & Ind
Cleveland & Pittsburg, guar..
Delaware Lackawanna A West
East Tennessee
Do
Va. & Ga
Indiana Bloomingt’n A
29%
*91%
30*2
94
*38
40
108*2
107% 110
10% 10%
4% -4%
5
8
0%
*4*2
*14*2
West’ll
10
*82
15 %
12
77%
Lake Shore
78%
79
04 *2
04 *2
Louisville it Nashville
Louisville New Albany A Chic.
29*4
29%
*
29%
90
38
4%
4%
*7 %
34
8
34
*4
0
*28
33
0%
123% 124
80
12%
*15
1*2%
10
12%
78%
75%
77%
25%
27%
10
04
08
27%
29*8
10
20
92
40
10
9
114
30%
100% 108%
*27
33
123*2 123%
33
124
80
*28
121
*82
91
*38
125%
124
114
‘8
★
20
29%
89%
87%
10
*8
*
8%
34
8%
34
*4
34
34
Paul
10
20
'8
*
31
92
40
139
*4%
*7*2
pref.
Green Bay Winona & St.
Harlem
Houston & Texas Central
Illinois Central
10
20
*9
Pittsburg.
“
107
107
“
Chicago St. Louis &
131
119% 120%
77% 79*8
121
121% 122
77% 79%
79% 81%
107% 108% 100% 100%
"Do
80% 92*2
87% 89%
91% 92 %
Chicago & Northwestern
123
124%
124% 120
Do
prof. 120 120
115
115
112% 112%
Chicago Rock Island it Pacific *111*2113*2
A
Chicago Milwaukee it
32
*i‘29%
30*4
91 *4
108 %
9%
4%
/ V J4
*33 %
4%
49%
37%
7%
*13%
■‘7*4
50%
39 %
12*8
7%
9
9
50%
51%
8,413
39
*7
39%
8
14 %
5,780
*13%
14%
100
250
......
30%
30%
31
91
40
91 %
91%
108
109%
9%
00
5
5
8%
......
*3
0%
‘27
74%
*04
27%
283,004
1,588
*04
27
15
27%
5
12
2,945
2,002
100
100
128,995
2,370
1,275
335
480
100
100
873
2,200
305
77%
110,471
08
28 %
15
41,475
225
100
04 *2
74*2
11*8
pref.
Morris A Essex
Nashv.Chattanooga A st. Louis
New York Central A Hudson.
tV HI. EUUIO.
05
13 %
13
. -
17%
18%
92%
*11
pref
•
40
30
90%
98%
1 ii%
90 %
73%
11%
73%
11%
20
20
12 *.i
12%
17%
90%
17*4
90 %
*5)
*12‘2
*122
125
*122
120
*32
30
33
39
*33
30
94
95% 97%
90% 98%
99%
5%
*5%
10%
0
11
11
88
13*2
88
32
32
13%
80%
*84
32
10
12
25
10
13%
1*J%
.
80%
12%
32
10
28
10
*5%
10%
80 %
12%
10%
13 %
17%
91%
17%
91 %
10
10
Ohio Central
Ohio A Mississippi
*20
28
*20*2
47%
2%
10%
0%
21*2
48%
2%
13
13%
24%
21%
19%
19%
45%
2 %
18
20%
47%
2%
18 %
80 %
12 %
170
10%
17%
91 %
2 ^2
11%
25
2<>
20
17%
42%
2 *4
45%
2%
4 1
17%
%
2%
18%
44%
17%
17%
18
18
2 *•»
10
300
10
125
......
400
90%
90,420
10%
10%
10%
2,000
......
89
25
18%
42
2%
18
10
*
13%
13
13 %
24 % 25
130
130
2%
2%
18
*4
4%
21%
*41
l-%
14
13%
24%
24%
24%
42
*
42
18
17%
4 %
17%
2 L *2
*20
22
*40^
42
18%
20
42
A
lint pi cf.
12*4
13%
24 %
*128% 130
4 1
*30
*17
15)
3%
4 *2
43
1 1 *4
if %
*
13
4*4
19%
40%
19
40
ii%
178
*80
13 *4
25
80 %
13 %
20
10% 10%
178% 179
3%
12
*2 %
*9%
12
25%
18%
43%
2%
18%
25
10
3%
18%
25
18%
42%
2%
44%
2 'e
18%
18%
10%
10
3,304
1,800
1,900
12%
12
12%
18,930
13% 14
24% 24%
128*4 128%
15
25
1 ;>
25 %
1,250
0,000
30
*17
4
1
30
5
07% Jan. lOj
Jan.
15
21
June30
June 27
415
350
41
19
4
-
4 ’4
200
795
4%
15)
19
21
21
1,175
39%
39%
40%
41%
1,400
87
"
......
28
17
9% June 20
7
May 20
prof
Minneap. A Manitoba
St. Paul
Texas A Pacific
Union Pacific
Wabash St
ouis A Pacific
Dc
pref.
_
MISClvLLANEOrs.
American Tel. A Cable Co
Bankers' & Merchants’ Tel
Colorado Goal it Iron.
Delaware A Hudson Canal
Mutual Union Telegraph
Now York Ar, Trxns l,;ind Co
Oregon Tinprove.inenf, Co
10%
11
40%
5%
12*2
00%
5%
12%
49%
5 *-i
51%
5%
*53%
55%
10
11
80 %
.
51%
40%
Quicksilver Mining
pref
Westeru Union Telegraph
Do
EXPRESS.
*3
*28
0
31
] 03 %
00
*131
02
*52
*105
Adams
American
United states
Wells, Fargo A Co
INACTIVE STOCKS.
135
02%
54
107
85 %
87
10%
10%
50%
48%
-
4%
12
80%
10%
49
5
4
12
*i i
*52%
55%
80%
10%
50%
*50
*4
10
*9%
85%
10%
85%
*9*4
80
80
so
10*4
80%
15*4
15*4
50%
51%
02%
132
*92
*52
*104
31
4%
ii
50%
4;t4
*11%
0.
18
Sept.2G 13%
July 22 35
21%Juue26 33%
80% June 27 100
28
June 27
09%
125% June 24 141
10%
10%
87
52
113
113
*3
*28
0
31
01%
03%
130% 130%
94
54
109
*92
*52
*104
112
*3
*28
112
0
31
02%
03%
132
94
54
105
132
*M2
*52
105
50
51%
111% 111%
*3
5
*28
31
02%
03%
'130% 132
92
'52
*105
92
54
1 10
*3
Jan
Jan!
Sandusky «fc Cleveland
OUt. A
21
23
65
79
24
40
5
Aug. 21!
Aug. 22
Apr. 10;
18% Jan. 7
36% Feb. 11
23% Jan. 5
16
44
June 21
9% June 27
63% May 20 100
116
30
94
4|
7j
JaD.
nr
94
Jan. 29
Mar. 14
Mar. 13
1 o i„
1% June 18
14% May 14
8% Aug. 8
6 % J une 20
Mar.
24%
.
....
......
These are the prices bid and asked; no sale, was
.
-
-
20
*225
-
-
•
20
......
*225
90
83%
26%
made at the Board.
*’*'
105
89%
40%
83
72
17% 62%
183
169
15%
29%
4%
14
10
21%
18
49%
32
23%
49%
2
21
7
19
22!
36%
14%
29%
34% Jan. 7
17% Aug.20j
53*8
90%
14%
32
89
393,
Inn
cm
1
nil
*1!
96
40%
97 %
j 3:4
I 90
7| ! 91
169 %
4o
June 27
9
May 20
145
49
May 10
01 %
5
Sept 10
87 %
4,058
78% June 27
5% June 2 7
28
June30
57)837
500
5
31
04 %
75,095
09
Jan.
8-
1 7 lo M«r
17!
fi-Alo Inn
! 118 %
7!
i
May 10 50%
May 24 117
6%
3% June30
20
.Tiino20
32%
49
May 14 78%
131
*92
132
94
82
175
120
87
July 15 137
June 24 102
*105
110
13
93
May 26 115
1
44%
| 28
7 1112% 134
9%
5
Feb. 11
46%
30
Feb
5
Feb! 10 71% 88%
126% 135
94%
88
Anr. 24
Mar. 20
7
55 W>
113
Feb. 13
SD3^ Tnn
TWO
7i
16:
24% Sept 22
33
1
Feb. 11
Feb 14
33
2
~Feb
Jan
11
17
H9
AT
nr
Hi!
137
Apr 12
145
AT
nr
1
1
264
I
.1
Sept 9‘Ji
nly °9
9
June
Hnr,
78% 84 -Ii
150
140
38
49%
31
1%
7 %
70 %
50
77
138
92
138
91
Jan.
15
Feb.
21!
10
Feb. 19!
200
l7
Afar-
17
La
1
Feb. 19 204
1 Lower prit e is ex dividend.
4
65 %
' 128
96
112%
139%
Ol
187% 197
31 %
24!
20
« 1 Ci ‘i
ail
125“
9i %
150
65
56
pQ
Mar. 17
9(1.>
Xr.
39%
Jau.
61 L, Vin»
.T11 no 99
14
140%
112%
,102%
25
15
!
31
90
09 -'h
57
Jan.
Feb. Ill
84% Sept, 17 114
lo
May 10 I 7 3o .Inn ml
PVh
Oi
7 170
122% Jau
100
ft
onn
*225
15 *•>
35
1
15
9
20
7
18
4
...
•>n
100%
28
12
J une 20
46% 61 *8
J une 2 60% Feb. 23
138
June 30 135
Apr. 14 129%
15 %
4
5
Jan. 11
2% May 24
72
61
Feb. 14' I 47
32
J uly 3
39
TTnli
1 ft !
1 G!
Tniin^U
21
23
1 7„ Inlv 94
14
34
15
85
AO
Mar 171
36
103
ft!
Q£
70
lnlv
3
80
20% 30%
11 % June 20 29% Aug. 221
59 %
40
Mar. lHj
24% June 30 60
70
May 1 ;> 96% Apr. 101 87
7
22
120
1 Q‘
Mining
Pennsylvania Co-d
Q.\ I,,
77
10
35
200
-
O itario Silver
55
na
910
100
24%
30%
32
13%
4% Sept. 5;
25% Mar. 17(
24
12%
48%
16% 30%
68%
33
19% 34%
106%
80
19%
10
129%
120
64%
50%
111% 129’s
June 21
June 27 127
June26 58
Sopt.25 122
90
63
......
18|
Ill
Mar.
Jan.
32% May 20
7 % Juno23
17
38
80
38
71
nr
.
116% 127%
10% 22
33
57%
j
..
157
134
94% Mar.
'
Louisiana it Mo. River, pref...
Ohio it Mississippi, prof
Rensselaer it Saratoga
United Companies of N.J
*
115
122%
115% 140%
4 '*4
Danbury A Norwalk
Dubuque it Sioux City
Joliet It Chicago
.".
Virginia Mitllaud
M ‘.-yland Coal
115% 129%
91% 108%
Jan. 11
159
Columbia «fe Greenville, pref...
Columbus Chic. A Ind. Central
137%
128
51 % J line 27
10
Feb. 11
62
A*lton, prof
27
14%
7i
51%
72*->
50% 51%
113% 118%
*28
03 %
%
35%
2c
55
Aug. 20: 30
91
113%
Aug. 20
84
54
Mar. 14
Apr. 1 124% 142
90% May 20 133 *8 Mar. 1 111% 131%
21% 51%
6% June 23 25% Jan. 3
4% 11%
3% May 14
8% Feb. 15
6
11% 23
Juiie 12 14% Feb. 15
75
45
32
Jan.
7
Aug. 1 51
10%
5
M ay h
4
8% Feb. 8
200
185
Mar. 18 190
July 11 200
82
%
50
20
Jan.
4
June20 51
148
110
Feb. 13 124
June 23 140
ftO
Afar
(1
77
84%
70
Tul v
ft
17% 35 %
9
June21
20% Jau. 5
13% 33%
6% June 27 19% Jan. 7
92% 114%
67%Juue27 104% Mar. 4
86%
58
02
May 24 78 % M n r. 15
40% 58%
22% June 24 51% Mar. 4
68
30
12
35
Jan.
4;
j une 27
100
87 *4
111
Jan.
90
88
22% Feb. ID j 17%
84% Feb. 10! ! 70% 104%
36%
19% Jan. 7 i 15
29% 57%
32
Jau.
5
53
80%
10
68%
2,300
0,955
181,317
ii
09
50%
04 %
132
94
54
110
51
4%
53%
7
*3
50
53%
*4
*28
10%
*11
10
07
52 %
114
0
10%
4%
18
*4
07
51
114
*80
Topeka A Santa Fo..
Chicago it
Cinn.
91%
11%
......
*4
*0
80
Pacific Nlail
Pullman Palace Car Co
Atchison
90
10%
......
Feb.
Jan.
65%
71%
17%
61
13
23
Juno23 140% Feb. 5j
June27 127% Feb. 1C|
68% J une 27 94% Jan.
3|
95% June 27 119 Feb. 10
124
eh.
I
12
81% June23
117
June 23 149% Feb. 12
St Paul A Duluth
Tin
Jan. 1ft
Jan. Ill
9
May 14 20% Feb. 14
115
June 24 130
June 13
220
83
June20 94% Apr. 12
11 %Juno27 28% Jan.
22,548
5
1,235 20 June27 71 Mar. 3
330
8
J une 24
17% Apr. 4
33 175
J uly 7 184
May 1
200
7
June 27
16%.7 an. 7
6
Vixh 9ft
3
July 12
100
9% Aug. 20 18% Feb. 16
10
Feb. 25
Jaii. 29 11
390
Feb. 15
22% July 9 42
12,090
14
Jan.
7
Juno27 27
147,991
37% J une 27 57% Jan. 7
...
12%
12
90
400
13%
*
20,945
04
12%
*2%
*9%
8
May 22
46% Sept. 19
1 33. AT
‘11
4
*9%
1,200
10,515
90%
25
178
lo%
20
19%
*85
24% June 27
48%
!| 47%
J llllt5
30
86
58% Jan. 18
57 % Feb. 11
Od
1,431
01
84%
75
80
June27
100
120
12*->
"9
*122
*33
1
.lime 2ft
2,908
1,715
*12 %
30
10
120
33
10%
80
*20
170
10%
73%
12
OL
01
00
10
11
73%
*10%
31
10%
90 %
7
1
pref.
90
10%
pref
St. Louis & San Francisco
17%
12
80
135
78
39
Aug. 18
Aug. 20
June27
100
-
*28
10%
73%
04
00
12%
%
18
90%
*9
*122
10*2 10*2
170% 170 %
Northern Pacific
Oregon Short Lino
Oregon A Trans-Continental...
PeoYia Docatur A Evansville..
Philadelphia A Reading
Pittsburg Ft. Wayne A Chic...
Rich. A AHog., st’k trust ctfs..
Richmond & Danville
10
17%
90%
73%
*11
*28 %
......
Norfolk A Western
_
29*2
90%
pref.
Do
20‘2
*9
*122
*30
New York Elevated
Now York Lack. A Western...
New York Lake Erie A West.
Do
pref.
New York & New England....
New York New Haven A Hart.
New York Ontario A Western.
Do
Do
74
12
25)%
94
04
*11
20
94
04
29%
29*2
05
t00%
pref.
Do
Do
*
•
Do
pref.
Missouri Kansas A Texas
Missouri Pacific
Do
12
*13
Minneapolis & St. Louis
I U1 ii V^ILIL.
75
*11
*04
Do
llt)W
*72%
11%
29
29
Memphis A Charleston
Metropolitan Elevated
04 *2
75
! 127
50
82
42
70
10
23
1
Do
common.
Do
cousol...
Manhattan Beach Co
High
1,315 100% June 23 120% teb. 11
80
10
13
75%
08
20%
309
41
140
*82
10
*12
17
12%
70
14%
*12
331,935
30
30
123 % 123%
32
123% 123%
Jan. 30
Aug. 19
Jari 10
Ir
j 1.0 w.
118
5,970 107
108% 110
10
10%
*4%
5
7%
7%
33 % 33 *s
*3
0%
9%
8%
......
*38
139
356
Yehr 1883.
j
Highest.
126
July 3 135
80% Mar. 27 90
100
*8
9%
Lowest.
1,220
3,280
30
30%
4%
70%
44
44
9L
*38
7%
*8
20%
43%
4%
35
74%
*04
*43
30
10*8
33
*27
122 % 122%
*82
fcG
15
15
12
55
20
130
130
120% 121*4 121 % 122
79 % 80 %
78% 80
108
100% 100% *107
89 % 92 *6
88
89%
124 % 15i4 Hi
115
114
114% 115
0
0
*7
9
*
18
18
20
38
107
(Shares).
.
43%
29%
43
8
*7
*14
>8
8
18
9 Hj
'7
*14
*8
Chesapeake A. Ohio
43%
43*2
*43%
129
87
129
87
132
132
130
Friday,
Sept. 20.
Thursday,
Sept. 25.
Wednesday,
Tuesday,
Sept. 23.
M
Saturday,
Range Since Jan. 1, 18S4.
Sales of
the Week
PRICES.
LOWEST
AND
2Si.%
SEPTEMBER 27,
N.Y
QUOTATIONS OF STATE AND RAILKOAI)
BONDS.
STATE BONDS.
^
6s, 10-20s, 1900
Arkansas—6s, funded
7s, L. Rock & Ft. S. iss.
7s, Memp.A L.Roek RB
78, L. R.P.B.&N.O. RR
7s, Miss. O. &R.R. RR.
7s, Arkansas Cent. RR.
Georgia.—Gk 1886
•
7s. 1886
7s, gold, 1890
8
Missouri—6s, 1886
\
6s, due 1889 or 1890....
Asvl’m or Univ., duo’92
'
!
Funding, 1894-95
1
Hannibal * St. Jo., ’86.
•
10
V
.
9
9V
7V
3
99
104
102
112
108
York—6s,
6s, loan, 1S91
Gs, loan, 1892
6s, loan, 1893
New
1
1887
!
6s, new, 1892-8-1900
Ask.!
Bid.
bonds, 7s, 1900 '105 1
*120
7s of 1871.1901
1st, consol., guar., 7s..
Lack.* \V.—1st, Gs
jl-1
9G
Construction, os, 1923
Del.* Hud. Canal—1st, 7s 114V 11*
*•
ill 5
1st. ext., 78,1891
115 V 120
Coupon, 7s, 1894
80
79
no
Guaranteed
1(3*
Rap.* No.—1st, 5s
Consol., 1st, 5s, 1930...
Registered.
Minn.&St.L.—lst,7s,gu. *125
Ia. City.* W ost.— 1 st,7s
C.Rap. I. F.& N.—1st, Gs
*90
1st, 5s, 1921
Buff. N.Y. & P.—Cons., Gs
General, Gs, 1924
...
104
125
2d, 7s. 1885
Ist.cons., guar.7s,1906
•
Registered
GO
Registered
121
40
45
39
—
4334
37
37
f.O
3G
40
5 V
110
110
109 V
3-G5s, 1924
!
Registered
Funding 5s, 1899
Ask.
Bid.
Bid.
SECURITIES.
1 Penn. RR.—ContinuedP.U.ASt.L.—2d, 7s,19
*75
*125" 1
1
[
139 V
137V
t
.1
.1
.j
j
103 V 104
Ask.
4
105*' iiosv
93i.| ! 95 ;
5
2d, Gs, 1899.
2
130
1-4
107
117^
s
...4.
.
...1).
.
******
97 V
*
*
Milw. * No.—1st, Gs,
Rome W.&
linn.* St.L.—lst,7s,192"
Iowa Ext.—1st, 7s, 1901
128
"85*‘j
191(
let, Gs, 1884-1913
I il.L.S. A W.-l st, Gs, 192 ]
2d, 7s, 1891
*80* ’
i *
lUO^ 1
"""
Og.-
■7*1
70 V
v
1108
82 V
99 V' 99V
Consol.. 1st, Gs, 1922.
116 V
i Ricli.AAlleg.—lst,7s,l‘.
108
Rich.* Danv.—Con8.,g.
|U0
k
105
Debenture Gs, 1927
55
50
93
)
s
93 V
50
..
111V 112 V
U.CX, l,U.—
102 V 103
Incomes, 1900
72 V 74
j
58
1 59 j St. L. &
S’thw.Ext.—1st, 7s,191(
i 1*5 v
1st, cons., gu., Gs, 190G
series, 1914
BONDS.
iMex. Cent.—li
Registered, 7s, 1894 — 11G V1
1st, Pa.Div., cp., 7s, 1917 123 1130
1st, Pa. Div., reg., 1917.
108
Alb. * Su8Q.—1st, 7s
ioiv 102V;
Ask.
District of Columbia—
106
104
39 V 40
40
39
SECURITIES.
11
new
Virginia— 6s, old
Gs, new, 18G6
Gs, consol, bonds
Gs, ex-matured coupon.
Gs, consol., 2d series
6s, deferred
83
107 V 108
105 V
...
N.Y.*M.B’li—lst.1
1.Marietta* Cin.—1st, 7s.
M. A K.
Gs,
-1 C’mp’mise,3-4-5-6s,1912
"hi'
)
Moiris* Essex—1st, 7s
2d. 7s, 1891
!
' |
121V
13s
|
Bid.
-Tennessee—Continued—
-
6s, 1019
Ohio—Gs, 1886
South Carolina—
6s, Act Mar. 23, 1S69 \
non-fundablo, 1888. )
Brown consol’n Gs, 1893
Tenuessee—Gs, old, 1892-8
1881.
SECURITIES.
18
3V
Do
Wil.C.&Ru.R.
Consol. 4s, 1910
RAILROAD
Del. L. * \V.—Contin’d—
7s
Syr. Bing.* N.Y.—1st,7s
Ala. Central -1st, 6s. 1918
Alleg’y Cent.—1st,Gs,1922
Atch.T.* S.Fe-4 Vs, 1920
Sinking fund, Gs, 1911..
AtL & Pac.—1st, Gs, 1910.
Balt.* O.—1st, Gs, Prk.Br.
Eost. Hartf. & E.—1st, 7s
N. Carolina—Continued—
New bonds, J.&J., ’92-8
0
Ask.
Bid.
Special tax. all classes..
20
SECURITIES.
(Stock Exchange. rriccs.)
!
115
117
old. J.* J
Funding act, 1866-1868
Railroad Bonds.
Bur. C.
reg.,
; N. Carolina—6s,
Ask.1
Bid.
SECURITIES.
Ex-matured coupon
SEPTEMBER 2»,
SECURITIES.
70
GO
102 V
108
108
115
108
100
112
Louidana—7s, ^ons.,1914
80 V
100
80
79
98
78
100
2
Alahamar—Class A, 1906.
Class B, 5s, 1906
Class C, 4s, 1906
Ask.
Bid.
SECURITIES.
Ask.
Bid.
SECURITIES.
315
THE CHRONICLE.
1884.]
*105
r
1
1
,
iiio*'
*
General, 5s. 1920
1104V
'10334'
Cons. 7s, 1904-5-6
Can. So.—1st, int. guar. 5s
4! 105 V 108
58
Br’ch—1st,
93 V
Cons. 2d, iucome, 1911..
7G
1j 70 ,j Arkansas
2d, 5s, 1913
105
100
)
3
03
V
Cairo* Fulton—1st,
44
48
H. A Cent. Mo.—1st, ~
1st, consol., 7s, 1910
Reg., 5s, 1913
101
|103 V
Cairo Ark. * T.—1st,
83
100
81V 1 Mobile * Ohio—New Gs.. 103 V 105 V
97
1
Den.So.Pk.* Pac.—1st, 7s
Central Iowa—1st, 7s. ’99
I *GG V
0
1
|
33
34
CollaterT trust, Gs, 1892!
70
Den.* RioG.West.—lst,6s
East. Div.—1st, Gs, 1912
1
j
55
GO
1st, Extension, Gs, 1927
D e t. M a c k. * M arq.—1 s t, Gs
Ill. Div.—1st, Gs, 1912
1
112
12 V
Morgan’s La.* T.—1st, Gs
Laud grant, 3 Vs, S.A...
Char. Col. & Ang.—1st, 7s' TOO
i 17
1
115
Nash.Chat.*
2d,
income,
7s,
1894
V’
St.L.—1st,7s
E.T.
Va.*
G
a.—1st,7s, 1900
j
Ches.& O.—Pur.money fd. *a12
Bellev.* So. Ill.—1st, 8s ,1 115
105
2d, Gs, 1901
1st, cons., 5s, 1930
6s, gold, series A, 1908.
110 V
92 V
N. Y. Central—Gs, 1887... 104 V !"""! St.P.Minn.* Man.—lst,7s
82 V
82*4
Divisional
5s,
1930...
6s, gold, senes B, 1908 .
110V
104 V
!
2d, Gs, 1909
j Deb. certs., ext’d os
32
30
Eliz.C\*N.—S.f.,deb.,c.,
Gs, currency, 1918
109 V 110
131
Dakota Ext.-Os, 1910..
::::::
N.Y. C.A II.—1st, cp., 7s
95
1st, Gs, 1920
Mortgage bs, 1911
100
101
131
87
1st, consol., Gs, 1933
!
83
1st, reg., 1903
l
Ches.O.&S.W.—M. 5-0s...i*
j.
V
1st. cons., Gs, reg., 1933.
Erio—Ist, extended, ^s... 124 126 V Hud. Riv.—7s,2d, s.f., ’83 103
Chicago* Alton—1st, 7s. *llGa4
129
129
V! Min’s Un.—1st, Gs, 199°
110
Harlem —1 st, 7 s, coup..
2d, extended, 5s, 1919
Sinking fund, Gs, 1903.. 117 V
129 VI St. P.& Dul.—1st, 5s, 19!
102
1st. 7s, reg., 1900
La. & Mo. Riv.—1st, 7s. 118
3d, extended, 4 Vs, 1923 i'oo
118
; 102 V 103
So. Car. R’y— 1st, Gs, 19:
117V
106
N.Y.
Elev’d—
1st, 7s, 1900
4tli, extended, 5s, 1920.
2d, 7s, 1900...
95
98
II
N.Y.P.& O.-l’r.l’n, Gs, ’95
Gs, 1031
5th, 7s, 1888
St. L. Jack. & Chic.—1st 117=8
,*104
35
j
jN.Y.C.A N.—Gen.,08,1910
1st, cons., gold, 7s, 1920
V
1st, guar. (564), 7s, ’94
30
Trust Co. receipts
iis"
1st, cons., fd coup., 7s..
2d, (360), 7s, 1898
97
105
N.Y. A. N. Engl’d—1st, 7s *101
Reorg.- 1st lien, Gs. 1908
2d, guar. (188), 7s, ’98 118
97
*90
95
1st, Gs, 1905
Miss.R.Br’ee—1 st, s.f.Os
Long Dock b’nds, 7s, ’93
*15
92
93 V ’
N.Y.C.ASt.L.-lst,0s,1921
Buff. N. Y.& E.—1 st, 1910
O.B.& Q.—Conqol.7s, 1903 127 V129
CO
58
2d. Gs, 1923
N.Y. L.E. AW.-N ew2d G
6s, sinking fund. 1901.. 102 34
42=4 43
95 V
90
IN.Y.W.Sh.* Buff.—Cp.,os
Collat’l trust,Gs,1922.
6s, debentures, 1913—
Registered. 5s, 1931
la. Div.—S.fd., 5s, 1919 *105 V
I Buff.* S.W.—M.,Gs, 1908
"8*6" 8*5 V
Sabine Div.N.Y.Susq.* West.— 1st, Gs
j Ev. * T. II.—1st, cons., Gs
Sinking fund, 4s, 1919
90V
60
88
Debenture, Gs, 1897
I Mt.Vern’n—1st, Gs, 1923
Denver Div.—4s, 1922..
87
34
88 V 89
Wab.St.Ti.APac.-Gei
M id laud of N. J.—1 st, G s
Fl’tA P.Marq.—M .Gs,l 920
Plain 4 s, 1921
G7
69
Chic. Div.—5s, 1910
125
Gal. liar.* S.Ant.—1st, Gs
N.Y.N.H.AH.—1st, rg.,4s *108
C.R.I.* P.-Gs, cp., 1917. 124
Hav. Div.—Gs, 1910
107 V Nevada Central—1st, Gs..
2d, 7s, 1905
Gs, reg., 1917
*sb‘“
iosviuSi1 Tol.P.AW.-lst, 7S.1917 77
91V
Mex. * Pac.—let, 5s—
Keok. A Des M.—1st, 5s io’4** iori'
75
101V 103 |
Iowa Div.—08,1921
112
Registered, Gs, 19
Central of N. J.—1st, 1890 111
2d, Gs. 1931
51
46
N.O. Pac.—1st, Gs, g.. 1920
Ind’polis Div.—Gs, 1921
Gr’nBavW.ASt.P.—1 st.Gs
lstconsol.assented, 1899 104 V 10G
100
05 *
Detroit Div.—Gs, 1921..
107
Norf.AAV.—Gen’l, Gs, 1931
Gulf Col.* S. Fe—7s, 1909
Conv., assented, 7s. 1902
1
00
58
Cairo Div.—5s, 1931
New River—1 st, Gs,1932 *95
il
2d, Gs, 1923
i
Adjustment, 7s, 1903.. .1*105
Reus. & Sar —1st, cp.,7s
1st, reg., 7s, 1921
Denv.* Rio Gr.- 1st, 1900
97*
9G
,4 35 |
;134
—
i
..
i‘1734
*
—
•
..
•
•«
......
•
k
......
...w
*
■
,
...
1908..! *60
1st, 8s, P. D
2d, 7 3-10, P.D., 1898...
1st, 7s, $ g.. R.D., 1902.
1st, LaC. Div., 7s, 1893.
1st, I. &M., 7e, 1897...
1st, I. * D., 7ft, 1899
1st, C. A M., 7s, 1903...
Consol. 7s, 1905
...
128 132
120 1.2
12G V 130
1st, Western Div.. 7s
1st, Waco * No., 7s
2d, uoiibUi.,
consol., Tnaiue
muiue line,8s
2d, Waco* No., 8s,1915
General, (is, 1921
Houst.E.*W.Tex.-lst,7s
2d, Gs, 1913
...
117 J
HO 'll 7
110 I
125 V
118V 118V
Wis.A Mm.Div..5s, 1921
Chic. & Northwest.—
Sink, fund, 7s, 1885
*102 V 103
125 V
121
fund, Gs, 1929, rog
Sinking fund, 5a, 1929..
Sink, fund, 5s, 1929, reg
Sink’gfd. deb., 5s, 1933
25 years deb. 5s,. 1909..
C.St.L.*
95
Indianap.D. A Spr.—1st,'
2d, 5s, 1911
2d, 7s, 1907
Mil.* Mad.-l st.Gs,1905
C.C.C.* Ind’s—1st,7s,s.fd.
Consol. 7s, 1914
*119
Consol, sink. fd.,7s,1914)
General consol., (is, 1934!*
C'.St.P.M.A O.—Consol. Gs! HO
C.St.P*M.—lst.Gs. 1918
No. Wis.—1st. (is, 1930.
125
120
ids*
i
..
.*
*
No
lk7
103=1 105 V
102 V 103
I
'*
1
j
"
i
1st, consol., 5s, 1931
i Louis. West.—1st, Gs
;
!
120
! 123
1
126
123
j
117
Consol., reg., 2d, is ... I 117
Long I si. RR.— 1st, 7s, ’98 120 V
; 101
j
102
I
Louisville * Nashville—
116
Consol., 7s, 1898
Cecilian Br’ch—7s, 1907
116V
1
*91V
78
111V
2d, Gs, 193 >
E.H.AN.—l.-'UJs, 1919
General, Gs, 1930
Pensacola Div.—Gs, 1920
St.P.* S.C.—lst.Gs, 1919 117V
104
St. L. Div.—1st, Gs, 1921
Chic.* E.Ill.—1st,s.f.,cur.
90
Chic.St.L.A P.—1st,con.5s
2d, 3s, 1980
*
104 V
Nasliv. * Dec.—1st, 7s.
Chic. * Atl.—1st, Gs, 1920
S.A N.Ala.—S.f.,0s, 1910
2d, 6s, 1923
Louisv. C.A L.—Gs. 1931
Chic.* W.Iiid.—1st, s.f., Gs
Trust bonds, Gs, 1922...
Gen’lmort., Gs, 1932
1
1
Col.& Green.—1st, 6s,1916
L.Erie A W.—1st. Gs, 1919
1
2d. 6s. 192G
Sandusky Div.—Gs, 1919
i
Laf.Bl.A M.—1st, Gs, 1919
G2 V’
Col. H.Val. * Tol.—1st. 5«
Louis v.X. Alb. AC.—1st, Gs
Del. L.A W.—7s, conv.,’92
1
^^Mortgage 7s, 1907^.
I
General
|
10G V 107
89V
’
1
1
95
90 V
94
1
..
i)s
St.L.K.C.AN.—R.o.,7s
98
Omaha I)iv.—1st, 7s
Clar’da Br.—Gs, 1919
St.Chas.Bge.—1st, Gs
No. Missouri—1st, 7s. *110
*
106
116
11IV
1 72
!
|
..
grants, 7s, ’87*89
Sinking funds, 8s, ’93.
Consul., coup., 2d, 7s..
118
i
j
,
1
|123
107
J
•r
7b
racitie Railroads—
i AWest.Un.Tel.—1900,coup. *108
110 v 11IV '
Central Pac.—G., Gs
1900, reg
j
j
,100
N
1
113
.W. Telegraph—7 s, 1904
San Joaquin Hr.—Gs.. 104
!
i
ioo 'a
115
Cal. * Oregon—1st, Gs
Mut.Un.Tel.—S.fd,Gs,1911
j
'
v
Cal. * Ur.—Ser. B, Gs. *99 |
Spring Val. W.W.—lst.Gs
100 V
'1
78 '!
Land grant bonds, Gs.
i
11
55
INCOME BONDS.
West. Pac.—Bonds, Gs 104 V'
■V
SO
j No. R'way (Cal.)—1st, (is 108 j 109 I
98 V 100 V '(
102
104
So. Pac. of Cal.
lst.Gs
90 V
'1
So. Pac.of Ariz’a— 1st, (is
i*U8" l’ioV 1S0.Pac.0f N.Mex.--l st.Gs 95 V'
'14
111 V 112
i;/
bo
-Inc., 1910...
; Union Pacific—1st, (is
Land
Consol., coup.. 1st, 7s.
Consol., reg.. 1st, 7s...
V
71
08
92
89
j
Kcgi-teroil
Escanaba * L.S.—1 st,0s
Des M.& Min’ap.—1st,7s
Iowa Midland—1st, 8s.. 124
Peninsula—1st, conv. 7s,4112
Chic.* Milw’kee—lst,7s
Win.* St.P.—1st. 7s, ’87
SO
68
! Panama—S.f., sub.Gs,1910j
Pooria Dec. * Ev.—1st, Os' "95'
!| Evans.Div.-3st,0s,192() *
JjFeoria A Pok.U’n—1st, GsJ
.
i
79
r
i iOr.&Transc’l—Gs.’82-1922i
120 j
Clove. * Tol.—Siuk’g f(
103
New bonds. 7s, 1SSU,
112
Cleve. P. * Ash.—7s..
118
Luff. * Erie—New bds
Kal.A W. Pigeon—1st.. ‘100
V
97
I., s. f.. 7s
....
102V
!
Kent’ky
Cent.— M.Gs, 191
Lake Shore—
102 V. 103
95
93
[!
1st, 4-5-Cs, 1909.
M. S. & N.
!
'lOregon Imp. Co.—let, (is.
| 'Oreg’11 RK.it Nav.—1st,6s
j
1st, St. L. Div., 7s, ’89
2d. ext.. 7s, 1893
Equipm’t bds, 7s, ’83.
Consol, conv., 7s, 1907
Gt.Wost’n—1st, 7s, ’88
2d, 7s, 1893
Q.A Tol.—1st, 7s, 1890
Han.* Naples—1st, 7s
Ill.* So.Ia.—lst,ex.,Gs
I
I
*
N.O.—fen.l.,7s'
Ced. F. * Minn.Iud. Bl. *W.—1st 1
113 V
Sink,
110
1st, consol., 7s, 1897 ..!
2d, (is, 190';
Gold, 5s, 1951
1
Dub. A S. C.—2d Div., 7s
115
Sinking fund, Gs, 1929
J1
j
55
50
70
100
90
88
*30
70
101
Wabash—Mort. 7s, 1909
Tol. & W.—1st, ext., 7s
!
118
116
110
*
Oreg’n* Cal.—lst.Gs, 1921
,Int.AGt.No.—1st, Gs, go!
I Coupon, Gs, 1909
12G
|12U il!! [Ohio So.-lst, 6s,1921
Middle Div.—Reg., os...
I
“
Coupon, gold, 7s, 1902..
Regist’d, gold, 7s, 1902.
•
Springfield Div.—Cp. Gs.
92
Consol, bonds, 7s, 1915.1 132 I —
Extension bonds, 7s, ’85 *102V 103
*lb’2V 103
1st. 7s, 1885
'
107
115
Illinois Central—
1st, 78, I.*D.Ext.,1908 119 1
1
1st, S.W. Div., Gs, 1909. 109
111V
!
1st, 58, LaC.A Dav.,1919
94 !
1st,S.Minn.Div.,(is,1910 10GV 108
1st, H. & D., 7s, 1910... 117V 110
Chic.* Pac. Div.,0s, 1910 113
94
95
1st,Chic.* P.W.,5s.l921
95
Min’l Pt. Div., 5s, 1910.
94
C.& L.Sup.Di v., 5s, 1921
“
1st, Springfield Div., 7s
Ohio Central—1st, Gs.1920
jl09 “I 1st, Term’l Tr., Gs, 1920
1st,
Min’li Div., (is. 1921
m
ioi, mm
1st, M. L., 7s
hie. Mil. & St. Paul—
Ohio* Miss.—Consol, s.fd. 117
Consolidated 7s, 1898... 117
2d consolidated 7s, 1911 *113
101=8
Hann. * St, Jos.—8s,conv«
Consol. Gs, 1911
Houston A Texas Cent.—
94
89
Leh.&W.B.—Cou.g’d.as. *
Ain.D’kAImp.—5s,1921
.
Conv.debent. Gs,
*
*
105
*43
114
75
j
115
*78"
85
80
*83
92
mort.,09,1914.
prices Frida3’; these are latent quotations made this week.
i
94
j
108
109
' t
C
I
!
1
Reg 8s, 1893
Collateral Trust, (is...I
do
5s, 1907]
1
,
Kans.Puc.—1st, Gs, ’95
100 V
1st, Gs, 189(5
Deuv.I)iv.Gs,as’d, ’99, loGV
1st, consol., Gs. 1919- 82 V
l
C.Br.U.P.—F.c.,7.9, ’95!
At.C.A P.—lst.Gs, 1905,
At. J. Co.* W.—1st, Gs
78
Oreg. Short L.—1st, Gs
94
Ut. So.—Gen., 7s, 1909
Exten., 1st, 7s, 1909
Mo. Pac.—1st, cons., Gs.
100
3d, 7s, 190G
Pac. of Mo.—1st, Gs...
2d, 7s. 1891
St.L.* S.F.—2d, Gs, Cl A
3-lis, Class C. 1906
3-Gs, Class B, 190G
1 st, Gs, Pierce C. * O.
Equipment, 7s, 1895..
Geu’l mort., Gs. 1931..
So. Pac. of Mo.—lst.Gs
Tex.* Pac.—1st, Gs,1905
Consol., Gs. 1905
......
Income * Id. gr., reg..
let,Rio G.Div.,Gs, 1930
do
asstnte.!
Pennsylvania RR.—
Pa.Co.’s guar.4 Vs.lst.cp
Registered, 1921
Pitt.C.A St.L.—1st, c.,7s
1st, reg., 7s, 1900
(
(
1
1
!
108
...
If. * 51 arq.
j a.—Inc.,6
i/S.1931
& Nor. 2d, inc.
.! 1
06=4 1
lo V
15
15
16
80
il ud. Bl. & W.—Inc., 1919
i Consol., inc., Gs, 1921...
; I [id’s Dec.* Spr’d—2d,inc.
79
Trust Co. certificates
97V :f eh. A Wilkesb. Coal—’88
95
ake
E.A W.—Inc.Js, ’99
| L
93 V
Sand’ky Div.—Inc., 1920
85
:
"15
30
..
j L
...
,.
20
79^
Sli.A W.—Incomes
O.—lst.prf., (lebeu.
2d, pref., debeuturos
3d, pref., debentures
4th. jiref., delieutures
G5
68 V
[ [N. Y.P.& O.—lst,inc.ac.,7s
*36
5
50V
Mob.*
,,
'
.
14
14
..
N.Y.Lake E.AW.—Inc.Gs
tOliio Cebt.—Income, 1920
G
Min’l
75
Div.—Inc.,7s, 1921
HOliio So.—2d inc., Gs, 1921
; Ogdens.* L.C.—Inc., 1920
PeoriaD.&Ev.—Inc., 1920
Evansv.Div.—Inc., 1920
Peoria* Pek.Un.—Iiic.,Gb
Kocli.A Pittsb.—Inc.,1921
Rome W. * Og.—Inc., 7s.
So.Car.Ry.—Inc., Gs, 1931
St.L.AI.Mfc.—lst,7s,pr.i.a.
St.. L.A.* T. IT.—Div. bds.
22 \
1GV
35'
35
GO
26
60
‘55
*35
'
40
'
Quotations in
Local Securities.
New York
Stock List.
Insurance
[Prices by E. S. Bailey,
Bank Stock List.
PRICE,
COMPANIES.
Marked thus (*) are Par.
not National.
I
Par.
140
102
140
170
160
140
no
120
50
2V 0
230
50
A merlc.an
Amer. Exchange... 100
25
Bowery
25
Broadway
17
Brooklyn
20
Citizens’
70
City
100
Clinton
50
Commercial
100
Continental
40
Eagle
—
100
Empire City..
30
Exchange
50
Farragnt
17
Firemen’s
10
Firemen’s Trust
Franklin A Emp.. . iOO
100
German-American
50
Germania
50
Globe
25
Greenwich
100
Guardian
15
Hamilton
50
Hanover
100
Home
50
Howard
100
Irving
30
J efferson
Kings C’nty (Bkn.). 20
Knickerbocker /.... 40
Long Isl’d (B’klyn) 50
i ICO
100
I
100 124
Broadway
j 25 140 1280
!
25
Butchers’ A Drov’s’
118
Central
! 100
l.._„
Chase
| 100
15*6”
25
Chatham
i
1 100 2000 !
Chemical
125
Citizens’
j 25
100
«ty
148
100
Commerce
100 100
Continental
Corn Exchange*.... 100 100
25
East River
25
Eleventh Ward*....
100
Fifth
100 400
Fifth Avenue*
100
First
HO
100 105*
Fourth
120
30 115
Fulton
50 1(30
Gallatin
100
Garfield
75
German American*.
German Exchange* 100
170
100
Germania*
25
Greenwich*
i'/£■') iso'
100
Hanover
255
100
Imp. A Traders’
50
Irving
Leather Manuf’rs’.. 100
50
Manhattan*
100
M ariue
137
100
Market
25
Mechanics’
25
Mechanies’A Trails’
100 115
Mercantile
132
50
Mercnants’
00
50
Merchants’ Exch...
100
Metropolis*
Metropolitan
! ICO
Murray Hill*
j 100 130
50
N assau*
I
1(31
101
New York
i 100
100
New York County .
100 i’oo*
N- Y. Nat. Exch
:
Ninth
! 100 no
100 H.
North America*
! 70 LOO
North River*
! 30 120
25 130
Oriental*
100
50
Pacific*
152
100
Park
;
25
People’s*
20
Phenix
50
Produce*
]()() lies'*
Republic
100 125
St. Nicholas*
100
Seventh Ward
100
Second
i 14 0
100 135
Shoe A Leather
State of New York* ICO 105
100
Third
40
Tradesmen’s
50 ;1L0
50
Union
100
United States
50
Wall Street
100
West Side*
America*
Atuer. Exchange
*
!
70
90
103
75
40
105
210
.
..
National
N. Y. Equitable
N. Y. Fire
N iagara
North River
Pacific
Park
Peter Cooper
...
Peoplo’s
Phenix
Rutger’s
Standard
| no”
j ICO
Star
Sterling
Stnyvosant
United Strifes
Westchester
Williamsburg City.
Boston
Boston
6s...
Boston
6s
Boston
250
80
100
108
85
70
112
220
100
70
100
40
105
50
96
105
145
37*2 80
150
35
80
100
120
50
107
25
165
25
100
100
145
20
108
50
130
50
115
2d
90
50
55
100
50
100
110
25
120
25
120
10
200
50
K.
GAS COMPANIES.
no
130
135
55
)0
125
210
90
110
77
no
Bonds
Harlem
Jersey City A Hoboken..
Manhattan
Metropolitan
Bonds
Scrip
New York
People’s (Bklyn.)
Bonds
Bonds
Colony—7s
--
6s
Pueblo A Ark.
Val.—7s.
Boston
Boston
Boston
Boston
Williamsburg
Bonds
Metropolitan (Bklyn.)...
Municipal
Bonds
Fulton Municipal
Bonds
C
Rate
700.000
3,500,000
1,000
400,000
190,000
1,500.000
1.000,000
700,000
4,000,000
1,000,000
1,000,000
1,000 1,000,000
100 1,000,000
100 3.000,000
750,000
1,000
100 3,000.000
300,000
Equitable
2,000,000
*
Bid.
Summit Branch
Vermont A Mass
134
92
107
Worcester
1.45 Broadway.]
A J.
J. A J.
7th Av.—St'k.
100
2,100.000 Q.-J.
10
2,000,000 Q.-F.
fir'd way A
1st mol t
Brooklyn City—Stock....
1st mort
Eklyn. Crosstown—Stock
1st mort. bonds..
Bushw’kAv. (Bkln;—St’k
Central Crosstown— Stk.
1st mort
1,000
700,000
1,500,000' .1.
A 1).
800,000' .1.
A J.
200,000 A. AO.
400.000 J. A J
1,000
100
1,000
100
100
1,000
.
Sciip
Eighth Av.—Stock
Scrip
42d A Gr’ol St.FTy-Stk
1st mort
-
2
5
j June, 190 4 103
3VAug., ’84 215
5
| J an.. If 02 106
4
April, ’84 155
7
j Jan., 1888,105
2
Aug., ’84 160
l»fl'Ocf. 1. ’84 115
Nov..1922 110
Oct. 1, ’84 138
3
I Aug., ’84:130
7
25 Si
109
175
105
100
500,000 J. A J.
July,
J illy,
500
100 1,862,000' J. A J.
1,000 j 150,000! A. AO.
Consol
1,000 1,050,000i M.AN.
Sixth Av.—stock A scrip
100 1,500,000! M.A S.
1st Euoia
1,000 i 500,000 J. A J.
Third Av.—Stock
100 12,000,000, Q.-F.
1st mort
1,000 2,000,000 J. A J.
600,000 F.A A.
Twenty-third St.—Stock.
100
1st mort
Second Av.—Stock
8d inert
1st mort
This column shows last
I
1,000 !
250.000 M.AN.
dividend
on stockr,
’84:130
’94 111
’84 195
140
i 113 Sa
;
200
j April, ’85 100 V 101 hi
May,
Mob.,
uly,
Aug.,
•I
Jan.,
Aug.,
M ay.
’88
’84
’90
’84
’90
’84
’93
105
156
110
285
111
170
110
;
106
115
300
113
175
113
hut date of maturity of bonds.
Atlanta A
Inc
103*2
*12 *g
-■
I §45 hi
Lehigh Navigation
Pennsylvania
Schuylkill Nav.. pref...
41
122
87
60
174
Chari.—1st
12*2
108*2 109
SO *9
*103*4
106
Cin. Wash. A
2ds
3ds
45
RAILROAD BONDS.
41*2
116
19*
Balt.—lsts.
Aslitab. A Pitt.-l).—lst,6si
1 st, 6s, rog., 1908
Belvid’e Del.—lst,6s,1902:
2ds
No.Central—6s, ’85, J.AJ.
6s, 1900, A. A O
Gs, gold. 1900. J.AJ
5s, Series A .1
5s, Series B ..
Rittsb. ACon'ells.—7sJ A J
U nion IIR.—1st, gua.JAJ
Canton endorsed
120
Virginia A Tenn.—5s
8s
101
116
t Per share.
W.Md.—6s, 1st, g., J.AJ.
2d, guar., J. A J
2d, guar, byW.Co.,J.AJ.
6s, 3d, guar., J. A J
Wilin. C A Aug.—6s......
Wil. A Weiaou-Gold, 7s.
t In default.
1*07”
104*2
92
98*2
62*2
29
94*2
60
2d
193
65
50
50
ColumbiaA Gieeuv.-lsts
Allcgli. Val.—7 3-10s, ’96
7s, E. ext., 1910
Inc. 7s. end., coup., ’94;
Ex-divitlend.
104
115
-
12-V Balt.AOhio*—6s„’85A.AO
Cen. Ohio.—6s, 1st,M.AS.
Chari. Col. A Aug.—1st..
CANAL STOCKS.
2d. 6s, 1885
3d, 6s, 1887
Boll’s Gap—1st, 7s, 1893.
1st, 6s, 1905....,
Consol., 6s, 1913
:
Buff. N.Y.A Phil.—1st,6s
2d, 7s. 1908
70
..
50
Maryland
50
RAILROAD BONDS.
Prof
Western
5334
Jersey
West Jersey A Atlantic.
*
Del.—1st, 6s,1886
Parkersburg Br
Central Ohio—Com
Preferred....
Pittsb.Cin.A St. L.—Coni.
United N. J. Companies..)§
West Chest er—Cons, prof
106
Nav.—6s,reg.,’84.
1st pref
2d pref
tier. A Norristown
Newtown A N.Y.
A Rcadiug
Wilni. A Balt
106
BALTIMORE.
Nesuuohouing Valley...
Norfolk A West’u—Com
West
113
RAILR’D STOCKS. Par
Atlauta A Charlotte
Baltimore A Ohio
100
59 34
Northern Central
North Pennsylvania
113*2
Pennsylv.—Gs, cp., 1910..
Schnylk. Nav.—1st,6s,rg.
2d, 6s, reg., 1907
(33
112**
7
Aug.,
55*
,Jl06
112
st.Os.C. 1*08*
coup.
Mort. RR., reg., 1897
Cons., 7s, leg., 1911
Huntitigd’n A Broad Top
Phila.
Pliila.
Phila.
Pliila.
’96
6s, P. B., 1896
Gen., 7s, coup.. 1901
CANAL BONDS.
Lehigh
85
gold, 1901
gold, 1908
W. JerseyAAtl—1
Western Penn.—6s,
Cites. A
53
Elmira A Williamsport.
Preferred
Pennsylvania
Philadelphia A Erie
2
Q.-F.
250.000
$ 15
218
110
165
112
165
150
111
119 h
135
8*t
Preferred
Lehigh Valley
Preferred
95
J.—Cons.6s,’94
Cons. 63,
Cons. 6s,
30
Little Schuylkill
Minohill A Sell. Ilavon..
Dec., 1902 118
United N.
—
53
107
70
104
Syr.Gen.A Corn.—1st, 7s.
Pac.—1st, 6s, 1905
Consol., 6s. 1905
Union A Titusy— 1st, 7s.
1st, 7s, 1899
Cons. 6s, 1909
1st pref erred
2d preferred
Dolaware A Bound Brook
East Pennsylvania
44
Tex. A
West Chester—Cons. 7s..
W. Jersey—1 st, 6s, cp.,’96
4*e
55
:
Gen., 4s, ■ old, 1923
Warren A F.—1st, 7s,
Buffalo N Y. A Phil......
Preferred....
Camden A Atlantic
Preferred
Cat awissa
| Oct.. 1898 1 10 illC
V Aug., ’84 192 V197*v
116 S?
7 ‘Juno, ’93 114
A. 6
Feb., 1914 101 1103*9
100 1,200,000 F.A
265
“’*2Oct. 1, ’81 240
100 1.000,000) FQ.-J.
110
Fel)., 1914 1('5
100 !l,000,«‘00! A A.
’84,245
May.
1260
100 | 748,000' M.AN.
117
April, ’93 112
236,000 A. AO.
1,000
Houst.W.St.AP.F’y—Stk
7
500,000 Q.-F.
(300.000 Q.-J.
250.000 51. AN. 6
1,800,000 Q.-J. 2
Cent.Pk.N.A E.Itiv.-Stkj
lot)
Consol, mort. bonds
1,000 il,200,000 J. A I).
Clirist’pli’rAlOlh SI—Stk!
100 ! 650.000 F. A A.
Bonds
| 1,000 ! 250,000 A. AO.
DiyDk.E.B.A
100 1,200.000 Q.-F.
1st mort., consol
;500Ae. ! 900.000 J. A D.
Bat’y—Stk|
’84) 24
! July, 1900:107
joct. 1, ’84,165
34 J uly,
900,000 .1.
100
1,000
2d, 6s, 1938
PHILADELPHIA.
STOCKS, f
Allegheny Valley
Ashtabula A Pittsburg.
’
[Quotations bj II. L. Grant, Broker,
Slien. Val.—1st, 7s, 1909
Gen’l 6s, 1921
....
Income, 6s, 1923
Income, 5s, 1914
Sunburv A Erie—1st, 7s.
Sunb. Haz. A W.—1st, 5s
RA I LROA L>
Preferred
Potts.—7s
SharaokinV. A
24
Bell’s Gap
78*2 79*2
§90 f
§98
Pitts.Cin.ASt.L.—7s, reg
Pitts. Titus. A B.—7s,cp.
10*4
Preferred
jll9*9
"9*8*1*."”“
Pliil.Wil. A Balt.—4s,tr.et
18
*59** *61"
Wisconsin Central
118
119V
Scrip, 1882
Couv., 7s, R. C., 1893--t
Conv. 7s, cp.off, Jan.,’85
12
,
116*2'-----I
Cons. 5s, 1st ser.,c., 19.22
Cons. 5s, 2d ser.,c., 1933
Conv. Adj'. Scrip, ’85-88
Debenture coup., i893i
75
9
1 150
A Nashua—
io3*i
-
......
17
i 102*9
10934 110
102
Cons., 6s, 1920
Cons., 5s, 1920
Phila. Newt. A N.Y.—lsr
Phil. A R.—J st, 6s, 1910..
2d, 7s, coup., 1893
Cons., 7s, reg., 1911
Cons., 7s, coup., 1911..
Cons., 6s, g., l.lt.C.1911
Imp., 6s, g., coup., 1897
Gen., 6s, g., coup., 1908
Gen., 7s, coup., 1908....
Income, 7s, coup., 1896
102
Rut land—Preferred
Ask.
135
May 1,’84
Var’s
94
Var’s
July 1, ’84
no
A. A 0. 3*9 S’g F„ ’99
126
Aug. 1,’84 124
F.A A 3
155
J. A J. 7 VJ uiy 1, 'Hi 145
305
302
"
Var’s 5 J line 2,’84
Aug.l 2 "84 234 240
F. A A. 5
107
1902
F. A A. 3
132
Quai. 2 V July 10’84 128
106
104
1902
M.AN. 3
no
2
Var’s
Sept., ’84 107
90
85
M.AN. 2*9 May 1, ’84
165
May 1, ’84 162
M.AN. 5
85
80
June 2,’84
J. A J. 3
no
M.AN. 3*ia May 1,’84 106
100
Apr. 1, '84 97
LA J. 3
134
Quar. 2*9 J uly 2U84 132
no
106
1900
A. AO. 3
96
94
3
July 1, ’81
220
Oct. 3, *84 215
5
Var’s
no
107
1888
M.AN. 3*2
153
3
Aug 5,’84 150
no
107
1901)
J. A J. 6
100
95
Bl’ckerHt.A Fult.F.—Stk
1st mort
7,1906
6s,cp.’87
Phil.AErie—2d.7s,cp.,’88
§12
8S"
l05
120
Perkiomen—1 st,
Mexican Central.
Nashua A Lowell..
io*« 10*4
N. V. A New England ..
5
Northern of N. Hampsh ! n
Norwich A Worcester.. ! 160
143
143*2
Old Colony
112*9 113
Portland Saco A Portsm
18
17
1
5
3
Cons., 6s, reg., 1905
Cons., Gs, coup., 1905...
Cons., 5s, reg., 1919
Pa. A N. Y. C.—7s, 1896.
§16 4
§ 78
Passumpsic
123
,
"56**2
Sandusky A Cleve
Gs, coup..
Pennsylv.—Gen., 6s, rog.
Gen 6s, cp., 1910
Connotton Valley...
112
Det. Lansing A No., pref
38
i
Eastern, Mass
113
113*9
Fitchburg
20
19
Flint A Pere Marquette
95*9 97
Preferred
85
Fort Scott. A Gulf
Preferred.
*75** **79**
Iowa Falls A Sioux City
37
42
Kan. C. Sprimrf. A Mom
18*9
Little Rock A Ft. smith
25
20
Louisiana A Mo. River.
Preferred
115
136
120
100
60
55
120
126
125
225
i
j
Date.
Oil Creek—1st,
162
I 165
102 V 164
101
A Providence...
Revere B. A Lynn
Conn. A
Soil City A Chic.—1st, 6s..
9934!
Lowell
A Maine
Concord
Connecticut Liver
108
155
115 V
r100 V
Cambridge --Cheshire, preferred
Chic. A West Michigan.
Cinn.
121*2
121*2
Debenture 6s, reg
Norfolk A West.—Gen..6s
N. R. Div„ 1st, 6s. 1932
7034
6V
Preferred
100
1 000
25
Var’s
100
10
100
A
ISO
121*2
1923..
Geh.,7s, 1903
*91‘*9 *93”
'
122
6s, 1920. ibi’*2
,,N. O. Pac.—1st,
,
115
Rutland—6s, 1st
Sonora—7 s
STOCKS.
Atchison A Topeka
At lantic A Pacific
Boston A Albany
70
112
60
105
no
150
90
160
85
125
no
175
90
115*2 No. Penn.—1st,6s,cp.,’85
2d, 7s, cp. 1896
§
Metropolitan
1,000
Var’s
50
90 *3
100*9
■
25 2,000,000'
20 11,200,000
259.000
1,000
50 ■2,000,000
20
756,000
50 4,000.000
100 2,500,000
Mutual (N. Y.)
Bonds
Nassau (Bklyn.)
L.Cli.—Con.6s
2d, 7s, reg., 1910
Cons. 6s, C.A R.,
|
Income
Old
112
—
Maine Central
Manchester A Lawrence
Mai q. 1 lought’n A Outon
Period
!
§..34-V
7 2
Ogdcnsb.A
f
Amount.
125
Hamsb’g—1st. 6s, 1883..
jH AB.T —1st, 7s, g., 1890
Cons. 5s, 1895
I tliacaAA tli.—1st, gld.,7 s
Leli.V
1st,6s,C.Alt ,’98
B.—7s, 116*4
N. Y. A N. England—6s..
7s
N. Mexico A So. Pac.—7s
1
\
Brooklyn Gas-Licdit
Citizens’ Gas-L. (Bklyn).
City St. Jo. A C.
Incomo
Railroad Stocks and Bonds.
Par.
Lowell—7s
Scrip
!"!iup* |
City
&
Ambov—6s, c.,’89
Mort., 6s, 1889
Cam. A At 1.—1st,7s,g.,’93
Little R. A Ft. S.—7s, 1st'
K. City Sp’d A Mom.—6s
Mexican Central—7s
1108
tins ami
Maine—7s
Albany—7s
Cam. A
---
136
115
290
65
200
*2
A
A
Bnff.Pitts.A W.—Gen.,6s
78
14*9
2d, 6s, 1904
»
Cons., 6 p. c..
Cam. A Burl. Co.—6s, '97.
Catawissa—1st, 7s, con. c.
A Providence—7s
i Chat. M., 10s, 1888..,..
Burl. A Mo.—Ld. gr., 7s. §
!
New 7s, rog. A coup —
Nebraska, 6s. Exempt
.Connect’g 6s, cp., 1900-04
Nebraska, Cs.Non-ex’pt 103 *2
83
Cor.CowanA Ant..deb. 6s,
Nebraska, 4s
\ 80
f
Delaware- 6s, rg.A ep.,V.
Conn. A Passumpsic—7s.
”l5** I "lO” ■Del A Bound Br —1st,7s
Connotton Valley—6s
12
East Penn.—1st, 7s, 1.888
5s
j
111
IIP* Easton A Amb’v—os, 1920
East’rn, Mass.—6s, new..)
115
V
El
AWmsp’t-1 st,6s, ID 10
Fort Scott A Gulf—7s — j
'108 *9 | 5s, perpetual
K. City Lawr. A So,—Ga..
no
150
180
170
150
120
125
80
235
115
‘
i Buff.N.Y.A 1\—(Cont.) —
119V
Cods. 6s, 1921
1st. Tr. 68, 1922
§119
Income
150
127
105
230
55
100
125
130
50
40
25
Lori Hard
Manufac. A Build.. 100
25
Mecli. A Trader s’
Mechanics’ (Bklyn) 50
50
Mercantile
50
Merchants’
50
Montauk (Bklyn.)..
50
Nassau (Bklyn.) ...
..
Ask
Bid.
I
Atcli. A Topeka—let, 7s.
Land grant, 7s....
Atlantic & Pacific—6s
Ask
SECURITIES.
Ask. i
Bid.
BOSTON,
PR] CE.
COMPANIES.
Boston, Philadelphia and Baltimore.
SECURITIES.
7 Pine St.]
i
Ask.!
Bid.
fVoi. XXXIX.
CHRONICLE.
THE
846
116
ion *4
112
122
116
*9*5*
120
1*0*7**
109
109
107*2 109
1120
§ Last prico this week.
September 27,
KAILKOA1)
New York City
EAKN1NHS.
earnings and the totals from Jan. 1 to
latest date are given below. The statement includes the gross
earnings of all railroads from which returns can be obtained.
The latest railroad
heading “January 1 to latest date” fur¬
nish the gross earnings from January 1 to, and including,
the period mentioned in the second column.
K.C
Earnings Reported.
Jan. 1 to Latest Date.
Roads.
1S84.
Weefcor J£<
$
August....
Ala.Gt.Soutliern
a Atoll. T.ifc S.Ft*
Bost. H. T. & W
Bur.Ced.R.ifcNo.
Canadian Pacific
Central Iowa
Central Paoitto..
Julv
2 wks Sept
2d wk Sept
3d wk Sept
3d wk Sept
...
86,667
1883.
$
92,043
1,301,639 1,325,710
15,797
21,592
62,001
61,413
151,000
39,052
1884.
129,000
23,438
1883.
*
$
679,814
645.047
8,9 18,454 8,694,704
229,840
303,051
1,511.070 1,834,361
3,795,832 3,711.220
b 8 4,780
994,173
14,410,164 15,848,884
2,529,013 2,081,109
517,215
489,84 4
897,029
812,749
Banks.—The following statement shows the
condition of the Associated Banks of New York City for
week ending at the commencement of business Sept. *20:
the
■—
>Average Amount of—
Banks.
Loans and
Discounts.
The columns under the
Latest
347
THE CHRONICLE.
1884.]
$
New York
Manhattan Co
Merchants’
Mechanics’
Union
America
Plienix
....
City
Tradesmen’s
Fulton
Chemical
Merchants’ Exch.
Gallatin National..
Butchers’ifc Drov..
Mechanics’ & Tr...
Greenwich
Leather Mannfrs.
seventh Ward
State of N. Y
Americ’u Exch’ge.
$
$
2,392.000
1,607,000
*2,647,000
301,600
7,192,200
3,080,800
1,299.200
15,477,300
3,075,600
4,865,600
1,657,300
9,347.000
1,173,1**0
2,383,000
870,000
3,234.500
291,(tOO
854,200
6,656,200
277*500
369,400
409,500
108.000
86,000
301,600
169.0U0
323,500
Deposits
other
than U.S.
Tenders.
9,172.000
7,843,000
7,580.800
7,834,000
4,350,100
10.420,200
905,000
Yet
Legal
Specie.
1,943,000
480,000
1,272,500
764.000
145,900
579.000
286,900
655,000
177,000
112,800
800,300
347,800
510.200
91,400
105,000
Circula¬
tion.
$
$
10,742,000
7,675.000
7,772,000
7,9 44,000
3,576,500
10.225,700
2,210,000
14,871,600
450,000
341,200
1,100
209,600
1,925.000
798,560
1,489,200
18,488,100
2.506.500
2.920.500
1,604,500
292,500*
621,000
223,400
45,000
901,000
August.... 2.138.000 2,207,543
2,600
893.200
939,200
189,900
107.29 6
145,384
517.700
2,945,100
2,405,700
534,600
Cliesap. & Ohio. 2 wks Sept
33,951
2
wks
116,800
10,7U0
36,015
1,206,600
1,150,600
Eliz.Lex.&B.S.
Sept
3.148,200
58,508
408,300
3,220,100
54,786
Ches. 0.&8.W-. 2 wks Scut
10,515,000
2
13,635,000
1,391,000
1,598,000
237,049
2d
wk
5,835,172 5,^90.110
26,720
Sept
Chicago & Alton
901),300
16,329,100 4,611,600 1,387,300 13,743,100
1,735,199 1,821,705 13,351.220 *13,229,9.'8 Commerce
Chic. Burl. & Q. Julv
4,325,600
892,300
243,300
927,200
5,701,100
Broadway
37,308
30,410 1,050,010 1,142,253
Chic.ifc East. Ill. 2d wk Sept
417,100
6,350,600
404,000
Mercantile
5,694,700 1,638,600
519,000
531,229 15.0t,9,000 15,910,363 Pacific
Ohio. Mil. & St.P. 3d wk Sept
404,700
157,500
2,210,000
2,324,300
510.290
006.300 10 121,084 17,192.70 >
Chic. & Novthw. 3d wk Sept
529,400
315,900
1,006,6m)
4,638,200
4,739.300
Republic
122.400
3,922,044 3,0 U>,9 57 Chatham
121,800
Ch.St.P.Min.ifcO. 3d wk Sept
380.500
45,000
3,450,500
539,800
3,286,900
20,770
32,901 1,092,956 1.122,706
174,700
5,400
203,700
1,859.400
Chio. & W. Mich. 3d wk Sepr
1,516,600
Peoples’
205,000
356.030
169,330
175,752 1.704,743 1,77<*,524
3,057,000
2,982,1()0
North America
Cin.Ind.St.L.&C. 3 wks Sept
526,500
626,800
8,569,900
Hanover
7,232,200 2,83 4.100
231.008
241,133 1,602,341
1.020,903
Cin. N. O. & T. P. August....
431,100
610,300
2,683,000
366,500
2.054,500
50.90- 1,186,831
Irving
40,485
1,3' *5,480
Cin.Wasli.&Balt. 2d wk Sept
1,160,000
93,000
200,000
1,305,000
3,969,000
Metropolitan
338.195
9,297
373.814
13,190
Clev.Akron&i’oI 2.1 wk Sept
458.600
345,100
2,737,300
267,700
2,30-*,900
301.004 2,009,138
292,21 2
2,345,820 Citizens’
Clev.Col.C.ifc Ilid Julv
214,400
258,900
2,508,400
Nassau
2,230,100
27,500
40,198
Connott-on Val. August....
443,700
270,80!)
448,000
2,256,960
Market
2,712,400
583.71*7
678,781
3,034,512 3,371.207 St. Nicholas
Denver & Rio Or. June
160,300
390,200
1,596,300
1,649,000
234,917
9,30
<
2d
wk
10,050
219,796
Des Mo. ifc Ft. D
572.000
2,720,(*00
450,000
36l,0()0
Sept
Shoe ifc Leather..
2,489.000
769,200
37,922
905,041
24,299
1,122,903 Corn Exchange
4,130,700
217,000
4,870,900
Det.Lans’git No. 3d wk Sept
387,600
4,929,500
62,100
22.223
!
stwk
Continental
1,058,100
20,415
4,035.000
574.553
698,172
Sept
Dub.&SiouxCity
1 05,0; *()
285,700
1,713,10')
1,833,400
415.187
428.34 2
2,359.865 2,400,730 Oriental
Eastern
ImportiTs’ifc Trad. 16.486,200 5,775,900 1,510,300 20,756,500 1,339,900
170,910 2,594,209 2,080,578
159,360
E.Tenn.Va.ifc G a. 2 wks Sept
45,000
Pai k
14,916,200 4,054,900 l,o77.70<) 18,886,100
19.797
10.568
513.410
528.030
Evansv. & T. II. 2d wk Sept
3,0,000
] ,5i7,000
35,000
1,856,000
North River
49,175
38,947
1,010,073 1,747,290 East River
Flint & P. Marq. 2d wk Sept
220,900
73,700
122,200
816,700
1,114,500
OH ,075
18,233
13,001
671,022
360,000
Flor.R’way & N. 2d wk Sept
Fourth National..
13,015,100 4,040, you 1,295,600 14,440,400
35.800
315,860
226,191
31,268
Ft. Worth & Den. August
297,000
7,790,000
Central National..
7,213,000 1,042,0(10 1,137.000
316.125
45,000
406,57 7 11,087,813 13,084,9 18 Second National..
2,171,000
328,000
215,000
Grand Trunk... WkSept. 13
1,777,900
!u d o, ■A 0 0
270,100
202,309
667, • 00
3,719,800
5,080
Ninth National...
224,901
4,111.000
7,013
Gr. BayW.it St, P. 2d wk Sept
449,900
815,900 16,495,800
15,492,000 3,726,400
59,067 1,151,533 1,305,455 First National
49,391
Gulf Col. it San Fe 2d wk Sept
5.211.-00
635,300
4,460.000 1.30 4,000
23.su7
30,330
199,911 Third National
173.554
Hous.E.&W.Tex August
267,300
26-V'OO
185,300
1,203,200
N. Y. Nat. Exch..
1,338,900
269,406 0,750,014 7,100,373
‘223,875
b Ill. Cent. (Ill.). 2d wk Sept
225,000
221,800
216,300
1,750,500
Bo we it
1,894,200
wk
2d
40,114
48,087
Do
1,339,995
1,119,091
Sept
(Iowa)
438.000
180,000
242,000
2,270.000
1.9 L 1.000
N. Y. County
54,859
Ind. Bloom. & W. Ithwkluly
66,* 63 1,419,307 1,005,133
69/,2()0
2,842,000
103,5 00
G rman-Americ’n.
2,701,000
4
2d
5,953
Ft.8.& Gulf
39,500 1,014,481 1,273,475 Chase National...
783, oOD
wkSept
4,027,200
45,000
328,100
3,164,700
p 779,910
21.912
2,423,600
536, tOO
127,500
Kan. C. Sp. it M. 2d wk Sept
Fifth Avenue
2,355,100
011.027
472.000
43,683
572,408
110,000
2,168,600
44,i 89
German Exch’nge.
1,634,300
Kentucky Cent’l 2 wks Sent
261,200
2,224,700
158,300
274 455
209,7 05
31,518
Germania
1.780,700
32,820
L.Rk.&Ft.Smith July
441,300
3,343.400
181,000
23.875
United States
3,103,400 1,096,300
24.190
209,350
176,354
L.Rk.M.Riv.&T. July
44,6(10
420,700
155,500
1,883,400
Lincoln
1,544,000
07,0 .'2 2,132,587 2,091,338
3d wk Sept
08,727
Long Island
178,700
45,500
803,600
9! 2,500
175,000
301,442 oarfield
51,00*'
314,559
La. & Mo. River June
49,800
133,800
1,187,600
179,8.0
216,000
1,080,400
314,700 9,510,274 9.653,356 Fifth National....
Louisv.&Nasliv. 3d wk Sept
271,290
655.778
021,400
4<l
wk
25,107
25,230
Sept
Mar.Hough.& O.
Total
291,257,400 74,534,800 30,043,500 305,734,400 14,135,500.
800,870
933,004
50,932
61,"49
Memph. <fc Chari. •2 wks Sept
240.138
157,701 1,8 42.557 1,251,780
Mexican Cent.c. August....
The following are totals for several weeks past:
13.329
358,513
Mcx.Nat., NoDd : stwk Sept
13 3(*2
Southern Div. Istwk Sept
530,634
Circulation A'jQ. Clear'gs
1884.
Loans.
Specie.
L. Tenders. 1 Deposits.
206,088
Other lines e.. 1 stwk Sept
2,7 06
$
$
335,120
>£
$
1
<£
;
$
Milwaukee it No 3d wk Sept
10,275
9,045
363,429
732,459 Sept.6 289,347,330 75,706,000! 29,903,800130 4,563,600 14,275,100 463,912,628
24,308
783,491
Mil. L.Sh.&West. 3d wk Sept
23,055
13 290,874,1 Ou 74,100,100130,094,100*303.599,300 14.185,300 422,613,919
15 5,483
110.071
907,279
Minn. & St.Louis July
998,701
20 2U1/257,4.0 i) 74,534,800130,0 43,500 305,734,400 14,135,500 492,069,873
Missouri Pac.f.. Juno
2,053,271 2.577,07b
41 i,00U
400.000
Wab. St.L.it P. 'id wk Sept
Boston Banks.—Following are the totals of the Boston banks:
15(5,581
August
Mobile it Ohio
142,354
1,243,532 1,254,194
216,058 1,550.8 46 1,514,116
Nash. Oh.it St.L. August
218,190
Loans.
L. Tenders.
Deposits.* Circulation^ Agg. Clear'gs
1884.
Specie.
58.020
241,172
N.O.&Northeast August
10,300
26,575
270.217
$
N Y. & New Eng ) uly
320,151 1.807,7 Id 1,935,470
$
$
$
$
N.Y.L.ErieitWa/ July
1,458,180 1.694,687 9.129,210 11.071,827 Sept.S 138.715.400 7,150,90ft 4,595,900 86,123,000 23,217,700' 55,608,044
87,644,000 23,481,400! 54,383,337
15 139,473,900 7,005,300 4,680,100
N. Y. Pa. it O
fuly
612,895 3,127,798, 3,011,092
480,077
058,32 L
054,773!
105.828
139.795.400 7,201,200 4.738,400 88,573,300 23,5(lo,9i)<>: 5 7,470,057
103,637
N.Y.Susn.itWesi August....
121,420 1,792.082 1 811,754
Norfolk & ‘West. i wks Sept
130,350
510.970
Philadelphia Banks.—The totals of the
43,00(5
570,3 70
Shenaudoah V 2 wks Sent
39,091
587,272 3.608,198! 4,000,410 are as follows:
510,4 27
Northern Centr’l August
2 0,983
297,25*
Northern Pacific 3d wk Sept
8,852,655 0,161,407
Loans.
1884.
Lawful Money.
Deposits.* Circulation. Agg. Clear'gs
38,158
085,97 9
727,485!
Ohio Central.... it h wkAug
30,338
lc
94.045
3d
w
Ohio & Miss
124,314 2,530,1 I o; 2.742,165
Aug.
*
$
$
$
$
283.(ill
403.790
43,822,112
1,914.090; 2.227,800 Sept. 8
67,654,176 8,111,015
Oregon Imp. Co July
21,368,812
72,904.320
439,001 1,780.7241 1,907,970
8,058.4 39
38,208.708
43-’>,14 4
67,915,898
15
Oregon R.itN.Co May
21,848,821
72,923,373
4 6,436,492
8,079,503
22..... 73,354,035
07,5.82,191
21,138,280
Pennsylvania... August.... 4,017,894 4,775,380 31,940,228 33,258.909
492,399
13,998
18,40 4
537,010
Peoria Dee itEv. 2d wk Sept
*
!J
Including the item “due to other banka.”
324,721
329,032 1,941,533 2,272,271
Phila. <t Erie
iiiy
Phiia.it Read’g/t July
2,707,792 2,979.091 12,877.903 13.944,954
Unlisted Securities.—Following are latest quotations for a
Do
C. & Iron July
1,433,084 1,439,747 8,487,003 8,011.554
317,594 2,369,172 2,354 082 week past:
Biclnn’d it Dan v. j August
293,147
446,34 8
58,780
Ch. Col.it Aug. August,...
499,350
48,070
Securities.
! Bid. Ask.
Bid. Ask.
Securities.
451,073
37,879
367,614
49,205
Columbia&Gr. August....
175.869
1,013,906
Va. Midland.
L
1,059,33
149,
*96
August....
Mich, it O., sub full paid J
5
It’way Imp.ex-bdsstk
275.447
44,957
221,874 Am.
West. No. Car. August....
48,794
1
mm t.
7
o'
Atlantic i& Pac.—Stock....
398,014
811,002
19,437
10
Roch. & Pittsb’g .id wk Sept
25,io7
Mut.Un.— st’ck trust ctfs
74
80
Cent. Div., old
878.247
890.853
142,170
M.K.ifcT.—Income
152,882
Rome Wat.it Og. July
68
scrip..
62
Cent. Div., now
56
907,202
N. Y. M. Un. Tei.—Stock.
34,945
999,591
6
9
27,172
Bt.L. AltoitifcT.il. 2d wk Sept
Incomes
5
3*2
N. Y. W. Sh.ifc B.—Stock.
20
25
550,600
510,096
Accunml. land grant
Do
15,550
19,247
(brchs.) 2d wk Sept
North. Pac.—Div. bonds..
160.970
Am. Bank .Note Co
338,595
10,249
7,020
St. L. Ft. 8. & W. 3d wk Sept
9
5*4
North ltiv. Cons.—100 p.c
81,007 3,232,232 2,590,432 Am.Safe Dep. per. deb.bds
97,* 3 3
St.L it San Fran. 3d wk Sept
29
Ohio Cent.—ltiv. Div., 1st 18
90
Bank, it M reli.—1st M...
891,504
32,972
843,922
St. Paul & Dul’th 3d wk Sept
42,537
2
3
9 l4
Gen. inert
029,613 4,823,950 5,154,921
504,421
St.P.Min.& Man. August....
3 -j
Pensacola & Atl
Bost. H. it E.—New stock
>4
708,309
030,591
75,041
63
59,255
South Carolina July
Old stock
*8 I 1st mort
21
501,050
614,279
So.Pac.Cal ,N.D. J une
124,194
127,330
8
'Pittsburg ifc Western
Bost. H. T.ifc West.—St’ck
78
84
387,349 1,790,247 2,129,003
55
Do So. Div./. June
307,200
Debentures
} Postal
1st mort
2
Hi
4Hs
9
8
945,037 1,283,585 Buff. N. Y. it Plula
Telegraph—Stock.
Do Arizona./. June
140,2-1 236,335
26*H) 30
16
1 1st moi t., tin
400,234
72,037
312,00
Do N. Mex.i. June
48,000
3
‘Postal
ifc
Cable—Stock
Tel.
113.251
406,007
001,081 B’klyu Eiev.—Aas’tpd
Texas & N. Orl's. Inly
04,628
Denv.ifc RioGraudo—Cons
248,124
291,707
Louisiana W’u. July
20,323
52,483
10
563,305
Tex.& St. Louis.ji IstwkSept
30,559
15
18
*8* i 1st mort., 6s
Denv.ifc Itio Gr. W
15,400,757
13,441.137
Union Paeifio... July
2,491*6*35
2,388,343
State of Tenth—Sot’m’t.3s 49Hj 51
Den. R. G. & W„ l.-t. M.,
753,104
93,580
037,620
93,980
Utah Central.
August....
30
Guar. bjr D. it K. G
291.055
291,383
87 H)
32,302
90
]
Settlement, 6s
35,134
Vicksb’rgit Mer. I August
51.010
10.087
lHi
99,440
I
;Sel. R. it D.—2d, stpd ’80
20,235
Vicksb.Sh.itPac, August....
Subs
30
Texas & 1’ac.—Scrip 18 84.
6.50.000
13
178,532
700,039
178,147
West Jersey .... July
Georgia Pac.—.'stock
33*4
Texas Pacific—Ulu seep.
91'*.330
928.118
1st inert., 6s
8614
103 5 10
122.905
Wisconsin Cent’l A ugust
38
30 **
i New scrip
30
40
2d mort
Tex. St.L.,M.ifeA.div.,as.p
a Includes Southern Kansas lines in both years,
b Includes Southern T. A. *Vr. W. Income l>on..s_
30
i
18
M.ifc
A.
7
Div., 1st mort..
8^4
Division.
c Including both divisions.
d Corpus Christi to Saltillo. Keely Motor
Little Rock ii Ft. Smith..
j Vic
Gen. lstjd.gr.ifcinc.asp.
397 miles; up to May embraced only 236 miles, Laredo to Saltillo,
3
5
K sbuig ifc Mcri dian...
Mexican National
e
,
9
_
mmt
_
...
...
•
..•••••
...
...
........
"
“
..
..
4*
««
Philadelphia banks
/
“
^
“
...
.
...
..
•••••»
......
...
.
-
......
_
...
..
.
-
m
m mm
••••••
,
Only 164 miles now, but prior to May represented 297 miles.
/Whole Southwestern system.
g Not including earnings of New York
Penn. & Ohio road.
h Not including Central New Jersey in either
year nrior to June 1.
i Included in Central Pacific earnings above.
j Embracing lines in Missouri, Arkansas and Texas.
'
Pref
> 5 *4
Pref....
J 1 st mort
16 "b
Mexican Bonds—3 p. c
.....
I
....
i
2d mort
Incomes
88
50
60
THE CHRONICLE.
.348
purest w cuts
AND
RAILROAD
INTELLIGENCE,
The Investors’ Supplement
funded Debt ofStates and
contains a complete exhibit of the
Cities and of the Stocks and Bonds
[VOL. XXXIX.
petition by Anthony W. Dimock, to the effect that the business
of the defendant corporation is a good and profitable one, and
that the temporary embarrassment wa3 caused by the con¬
struction and extension of its lines, and, owing to a stringent
money market, inability to meet the payments therefor when
they became due. The extension, nevertheless, was necessary,
and in a short time, he thinks, will prove remunerative.
Burlington Cedar Rapids & Northern.—On this company’s
track-laying is progressing well from Lake
Park, la., northward towards Pipestone, Minn., and from
Pioestone the rails are now down for 21 miles northwest.
Work on the grading is progressing rapidly at several points.
On the extension of the Milwaukee division the grading has
been nearly all completed from the old terminus at Postville,
ANNUAL REPORTS.
la., northwest to Decorah, 23 miles, and the rails are reported
down for eight miles, with work advancing steadily.
The
long-existing gap of-48 miles between Elmira, la., and Noel
Ogdensburg & Lake Champlain.
on the Clinton division is now being closed up.
Much of the
(For the year ending March 31, 1831.)
grading has been done, and the tracklayers are at work from
This company owns a lino from Ogdensburg, N. Y., to Elmira
eastward, having already 10 miles completed. This
Reuse's Point, 122 miles; also leases the Lamoille Valley Ex¬ division will give
the company a new connection for Chicago
tension Road, from Rouse’s Point to Maquam Bay, Vt., 12j^ business. The Forest City branch is now completed to Mad¬
miles.
The control of the road and leases is with the same ison in Winnebago County, la., 8 miles beyond the late
parties controlling the Central Vermont Co. The earnings for terminus at Garner, and 41 miles northward from the main
the year were as follows :
line at Dows.—Railroad Cazelte.
1882-3.
1883-1.
$397,8
L8
Freight
$392,2
U
Central Iowa.—A dispatch from Chicago says that a new
126,443
132,899
132,899
Passengers
42,203,
36,692
mortgage
for $6,748,000 has been recorded by the Central Iowa
Mails, etc
75,727 RallrohA Company.
61,542
Car service, balance
The mortgage covers the entire property,
bears 6 per cent interest and will be used to take up $3,700,000
$642,196
$323,377
Total...
7 percent bonds, $1,531,000 6 percent bonds and $1,512,000
450,758
’418,826
Xxpeuscs
418,820
Illinois Division bonds.
ef 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.
JSxtra copies are sold to subscribers of the Chornicle at 50
tents each. and to others than subscribers at St per copy.
$201,551L
$201,55
Net earnings
There
was a
$191,433
falling off in gross earnings, but a gain
warnings was secured by a
in net
considerable reduction in expenses.
The results of the year were as
Net earuing3, as above
interest on bonds
Floating debt
follows
Dakota extension
Chicago Rock Island & Pacific.—The facts
in regard to
the rumored issue of bonds by this company are reported to
be as follows: “ That the-Rock Island Company will soon have
completed from 210 to 220 miles of road extending west and
northwest from Minneapolis, to a junction with another line
$157,074
4.1,210 198,281 being built by the BurlingtonCedar Rapids & Northern. From
the junction westward the line is to be built jointly by the
The road
$0,267 two roads to a union with the Northern Pacific.
balance
from Minneapolis to the junction i3 being built under the
Receipts of grain were 2,559,512 bushels, against 3,796,907 charter of the Wisconsin Minnesota & Pacific Company issued
for 1882-83; a decrease of 1,237,395 bushels, or 82‘6 per cent.
by the old Territorial Legislature, which exempts the stock¬
The general account, condensed, is as follows:
holders from liabilities imposed by the laws of the States
Liabilities.
A. ssets•
$3,077,000 through which it passes. The Wisconsin Minnesota & Pacific
Road and equipment. ..$0,860,550 Stock
Company issues its bonds running for fifty years bearing 6 per
Improvement account..
39,654 Preferred stock not ex¬
changed
500 cent interest, at the rate of $15,000 per mile for construction,
Lamoille Valley Exten¬
3,493,900 and
sion advances
20,263 Funded debt
$5,000 for equipment. These bonds are deposited by Rock
746,262 Island with the United States Trust Company,
Materials
03,490 Bills payable
and in lieu of
89,772
133,486 Accounts and balances.
Accounts and balances.
them the Rock Island issues its own bonds for an equal
Cash
28,838
Total
$7,107,434 amount, but bearing 5 per cent interest.
Frotit & loss, debit bal..
261,147
The difference in
interest as it accumulates with the Trust Company is to be
Total
$7,407,431
invested in Rock Island bonds. The new bonds are called
There was no change in stock; bonds increased $9,000 and extension and collateral bonds.”
bill payable were increased $175,262. The funded debt includes
Chesapeake & Nashville.—The following press dispatch is
.$600,000 first mortgage, $999,750 income, $380,000 sinking fund
from Nashville, Tenn., Sept. 25: “After many months of
and $1,514,150 consolidated mortgage bonds.
In order to increase the lake business to Ogdensburg, arrange¬ earnest work on the part of C. P. Huntington, his lieutenants,
and the people of Nashville, the Chesapeake & Nashville Rail¬
ments were made with the Detroit Dry Dock Co. to build and
way is at last an assured fact.
President Zimmerman and
*quip two more large steamers for the Ogdensburg & Detroit others
applied
for
to-day
and
were
granted a charter to con¬
tine, to be ready for use in 1884. These steamers are now in
and operate a line from Nashville through the counties
use, having a capacity of 60,000 bushels of corn each.
In struct
of Davidson and Summer to the State line between Kentucky
order to increase the outside shipping movement arrangements
and Tennessee to a point south of Scottsvllle, there to connect
have been made for a large contract to carry coal from Char¬
with the Chesapeake & Nashville Railway, which was char¬
lotte to Chicago and Milwaukee, thus giving the vessels coining
tered under the laws of Kentucky as the Cincinnati Green
So Lake Ontario return cargoes.
River & Nashville Railroad.
The bond committee met to-day
The Lamoille Valley Extension road, connecting this road at
and
agreed that, as the contract had been carried out and
Rouse's Point with the St. Johnsbury & Lake Champlain, was
complied with in every particular, the first call of 5 per cent
completed in December, 1883. It is 12\}f miles long, and opens on
the $500,000 subscriptions to the first mortgage bonds was
to this road a new route to Northern New England.
It is
due, and in consideration of this fact they issued the call. The
operated by this company under a perpetual lease, at a rental
engineers will arrive in a few days, and the work of surveying
of 6 per cent upon its cost, with an annual sinking fund.
and locating the road will be pushed.’’
During the past five years the road has been largely re-built,
C’inn. New Orleans & Texas Pacific.—This company con¬
105 miles of main line having been laid with steel rails, leaving
trols
the important roads commonly known as the Erlarger
only 17 miles of road with iron rails. There were 1,200 tons of
steel rails laid last year, and 59 new cars were built.
system, which are clearly shown.in the map in the Investors’
The general management of the system has
The preferred stock 1ms now all been exchanged for consoli¬ Supplement.
dated bonds and canceled.
A sufficient amount of the consol¬ been placed in the hands of a committee consisting of Major
idated bonds lias been set aside for the payment of the first F. S. Bond, Otto Plock and I. P. Martin.
Mr. Bond is chair¬
mortgage bonds due in 1897 and the sinking fund bonds due* man of the committee.
in 1890.
The remainder of the issue of consolidated bonds
Louisville Evansville & St. Louis.—This company’s report
was appropriated for improvements on the road.
The road to the Illinois State Commissioners for the year ending June
has been put in good condition without the use of the full 30, 1884, showed : Capital stock issued, $5,681,457; total liabili¬
amount, and a considerable balance still remains on hand to be ties, $15,453,963; length of track, 253 miles. The total trans¬
used as the directors may decide.
portation earnings were $688,878; operating expenses and
taxes, $573,593; additional expenses, $394,579; income over
GENERAL INVESTMENT NEWS.
operating expenses and taxes, $95,305. Taldng interest and
rentals into account a deficit is shown of $474,391.
Bankers’ & Merchants’ Telegraph Company.—The parties
Louisville & Nashville.-—The directors of the Louisville &
in litigation recommended the appointment of Richard S.
Nashville
Railroad have recently been discussing the question
Newcombe and James G. Smith as receivers-of this company,
and they were appointed. The Bankers’ & Merchants’ Tele¬ of financial relief. The plan adopted by the directors was not
graph Company claimed that the affidavit filed by John B. entirely satisfactory to the foreign stockholders. It has been
Yale, in answer to the petition of the construction company, reported that the latter proposed an amendment which aban¬
doned the contemplated issue of preferred stock, and proposed
was a complete answer to all the charges contained therein,
showing conclusively that events hid been transposed out of that the company issue $5,000,000 bonds at 80, with a bonus of
The former idea was to issue
their proper sequence with a view to deceive. As regards the $5,000,000 in common stock.
assertion that the indebtedness of the company had been $5,000,000 of boncls at 110, with a bonus of $5,000,000 preferred
By the amended plan the company would realize
increased by $7,000,000 since Mr. Mott had been its President, stock.
it was said that the debt of the company was 'only $5,000,000 $4,000,000 instead of $5,50),000, as by the original plan.
[It is denied, however, by some of the directors in New York
in all, and that Mr. Mott was put in to save it from bank¬
that
any change has been made.]
ruptcy. Another affidavit was presented in answer to the
:
$201,551
September 27,
THE CHRONICLE
1884. |
Memphis & Charleston.—The following summary has been
ending June 30, 1884:
issued for the fiscal year
1881.
Gross
$1,"91.019
earciug3
Operating expenses and ta xes .958.108
Net
Interest
earnings
on
bonded debt
lnterestrou floating debt
Total
charges
Surplus
.
Bonded debt
I
Floating debt...
It appears
1883. *
$1,236,023
845.498
Changes.
Tnc .$157,996
Inc. 112.0L0
$135,911
$390,525
3 '■ 6.689
38,019
295,260
43,574
Iuc.
Djc.
21J20
$354,699
$333,831
Inc.
$15,865
$31,212
4,528,009
237,483
$51,691
4,222,000 '
Inc
.
$15,380
Inc.
‘29,521
Inc.
306,009
that there have been issued $303,000 of the second
New York Lake Erie & Western.—The report by Messrs.
Powell and Westlake to the London committee, contains the
•following:
“
Gentleman—We beg to present tlie following report of our mission
to New York: Mr*.-Jewett, having giVen his sanction to our investiga¬
ting the financial condition of the New York Lake Eric & Western
Railroad Company, we entered on a course of inquiry wh eh the-hearty
co-operation of Mr. Little, the Comptroller, enabled us to make very
thorough.
“
Ou the 30th July we submittel to Mr. Jewett a statement, of which
lie admitted fclie accuracy, and which may be summar ized as follows : —
Unpaid coupon of 1st June. 188 i, $1,007,922; balance of actual and
early-maturing liabilities, other than the coupon of 1st June, over and
above cash in hand and money assets considered good and available,
about $4 477,316 84; and it must be noted that the above balance is
stated after allowing that the sums due to the company from agents,
other companies aud individuals, of which a large amount must always
be outstanding, may be set off against an equal amount due and unpaid
b.v the company for truffle balances, rentals and supplies. This sum¬
mary of liabilities, here based on the state of affairs in July, will, of
course, vary from month to month according to the net traffic.
The deficit which it shows has been entirely caused by the expendi¬
ture of money in four directions :—l. Ou the development of the enmp iny’s ooal lands, an 1 the building of railroads connected therewith.
2. On the dock and improvement works, being an expansion of what
was previously called the Weebawken dock property.
3. On the Chi¬
cago & Atlantic liue. 4* In payment of car, or equipment, trust inst. tlmenfs. All the purposes, the expenditu e on which Ins caused the
floating debt, seem to us to have been in themselves wise and politic;
but the piling up of a large floating debt for even the best of purposes
is always more or less imprudent and dangerous. The company’s credit
might have borne the strain of the panic, but it was broken down by
the Grant & Ward disaster, an l the funding of tin floating debt is now
indispensable.
No arrangement had been made or devised for raising permanent
resources fully to meet the above expenditures, and they have been met
only bv temporary loans, and by allowing the company’s debts for sup¬
plies, &c., to accumulate to an objectionable extent. Of course it could
not but happen that the weakness and risk of financing by temporary
loans should be developed and exhibited by the panic of last May. but
the situation was aggravated by the public discussion of tlie dealings
which the Chicago & Atlantic and Erie companies bad with Mes rs.
Grant <& Ward, and of the loss arising from the failure of the latter.
That loss was caused by placing entire couttdeuce iu them, as if they
were a house of established and honorable character, aud then trusting
them with botli promissory notes and bonds, not attached to each other
in the regular aud usual manner, but detached and independent, ns
giving to Grant & Ward the opportunity whioh they made use of to
raise money on them separately to a much larger amount than they had
made advances. The redemption of the notes and securities is partly
arranged, and at the time we left New Yor/c the result appeared to be
that about $435,000 was retained out of the original advance of
$1,500,000, and that $1,739,000 Chicago &, Atlautic second bonds were
still outstanding, which, together with certain other securities that
Grant <fc Ward had pledged in combination with them, might be taken
up for about $l,lu0.00<>.
Perhaps $200,000 or $300,000 might he
obtainable by means of tlmse other securities, if so taken up; they* were
alleged to be of mere substantial value, but had no market price.
The Chicago & Atlantic ttrst mortgage bonds are $3,500,000. The
interest, at 0 per cent, is practically guaranteed by the Erie and New
York Pennsylvania
Ohio companies, in proportions which may* be
“
“
“
estimated to work out at 80 to 85 per cent from the former and 15 to 20
from the latter, any advances made on account of such guarantee run¬
ning against the Chicago & Atlantic Company as a dent, chargeable
against future surplus revenue when earned. The recent low rates
have hit this liue badly, for it has to live almost entirely ou through
traffic. Though it has hitherto been an expense and loss to the Erie
company, the policy of its construction must not be judged by its
apparent results hitherto; it may be regarded as a necessity forced bv
the policy of the Erie company’s northern competitors, who endeavored
suddenly to cut oft access to Chicago; it has shown but a trifling net
profit for the tirst year, but this result lias been partly caused by ilie
inclusion iu working expenses of many items of completion, the Works
having been taken over from the contractor in pressing haste, not quite
finished.-when tlie use of the line seemed to bo a matter of urgency.
The road, however, is very direct, with tirst class gradients and trav¬
erses a fruitful country,
largely cleared and settled, and there is no
apparent reason why, with fair rates, it should not acquire a profitable
through’ business ; of a good and growing local business there can be
no doubt when sufficient local freight accommodation, which has hither¬
*
to been very inadequate, shall have been provided alo; g the line; there
is evidence that this will be quickly pr >vidcd by private enterprise, i.c.,
by tlie building of small elevators and warehouses on leased sites at
sharp loss.
Railway Company.—Tlie comparative
earnings and expenses for August and for
the eight months ended August 31, is as follows:
-8
-August.—
mos.
ended
Aug. 31-
1884.
1833.
1881.
1883.
$510,427
$587,272
$3,608,198
$4,006,410
Operating expenses
$2*3,529
Extraordinary expenses
33,003
$283,121
18,940
$2,023,629
246,0a 1
$2,2)5,399
256,617
Gross
earnings
Total expenses
$291,538
$307,061
$2,269,710
$2,472,016
Net earnings
$218,889
$230,211
$1,338,488
$1,534,394
Northern Pacific.—The line of the Northern Pacific exten¬
sion from
can
are
Superior to Ashland is so far completed that trains
River, a distance of 25 miles, and 600 men
working on the grading between that point and Ashland.
run
to Brule
Contractors will finish the work before the first of next year.
The distance from Superior to Ashland by tlie road will
be 65 miles.
The contractors have orders to push the work as
fast as possible, but the country through which it runs is a
very
rough
one,
tract for the
and the work is necessarily slow. The con¬
across the St. Louis River has been let.
bridge
Oregon Improvement Co.—This company’s statement for
July and the eight months of its fiscal
to
from December X
year
July 31:
July
.
Earnings
Expenses
—.
Eijht Months.
,
18S4.
1883.
1884.
1883.
$283,611
220 853
$403,79G
252,140
$2,216,175
1,740,971
$2,537,631
1,774,355
$62,753
$151,656
*
$475,204
$763,276
Net earnings...
This shows for the eight months a decrease of
12*6 per cent in gross earnings and of $238,072, or
in net earnings.
$321,456, or
37*7 percent
Oregon Short Line.—The Boston Herald reports of tins
auxiliary of the Union Pacific: “ Another error is abroad re¬
garding the Oregon Short Line, it having been alleged that
the year’s deficit was equal to 6 per cent on the $14,000,000
bonds, or $840,000. Here are the figures showing operations,
of the Short Line for the year ended June 30:
Gross earnings
expenses
Operating
$909,157
and taxes
767,459
Net earnings
Interest on bonds
$i41,698
607,920
Deficit for year
“
not
There
earn
returns
were
$ 4G6.222
certain months this season in which the road did
operating
are
expenses,
considered fair for
hut for the
an
year
unfinished road.”
the above
Pacific Coast Pool.—At Chicago, Thursday, Colonel H. C.
Nutt, President and General Manager of tlie Atlantic & Pacific,
and J. C. Stubbs, Traffic Manager of the Central & Southern
Pacific, met for the purpose of forming a far Western pool.
They agreed to form a pool including freight traffic in the ter¬
ritory between the Pacific Coast and El Paso, on the Southern.
Pacific; Albuquerque, on the Atlantic & Pacific; and Ogden,
on the Central Pacific.
The pool will begin operations Oci. 1,
to continue indefinitely, and requiring thirty days’ notice to
withdraw. They agreed that the Atlantic & Pacific should
have 27 per cent of the business—the remaining 73 per cent to
he divided between the Southern and Central Pacific.
The
In the present state of the Chicago & Atlantic line,
to be a ‘hostage to fortune ’ that should ensure the ceaseless efforts of
the Erie managers to preserve pool rates and peace.”
*
*
*
“
At present we have not formed any defiuire conclusion as to what
can or should be done in respect of the second consolidated mortgage
coupons. The contingency of temporary shortness of revenue, which
was foreseen and provided for in training that mortgage, has now aotu
ally been realized. The company has had to avail itself of the power to
take credit on second mortgage interest, and the extent to which it may
have to do so depends on the rates for freight, the amount of business,
and the efficiency and economy of management. The very remarkable
and sudden diminution in the v< lume of business passing over the trunk
lines during the present summer, following on the low rates current
from March to July, has caused a serious comparative diminution iu
the revenues of all of them. There is, however, a general impression
great improvement will take place in the autumn and winter.
Northern Central
statement of gross
Pennsylvania Railroad.—The gross and net earnings for
August and for eight months are specially compiled for the
Chronicle in the tables below.
The result of the operation
of all the lines east of Pittsburg and Erie for the month of
August was an increase of $8,885 in net earnings and for the
eight months a decrease of $499,317 this year, compared with
the same period in 1883.
On the lines west of Pittsburg there
was a decrease in net profits of $228,536 for August and a
decrease of $1,259,548 for the eight months, as compared with
company
the Erie company has to bear the loss arising rrom reduced rates all the
way between Chicago and New York, with but slight contributions from
the New York Pennsylvania & Ohio compauy. This circumstance ought
a
English holders of shares and secondmortg«go bonds might be expected
provide a proportionate part of a new funded loan, and tint those
interested in Ameiiea would no doubt do their proportion al-o ; and the
parties interested, whether in America or in England, must understand
that this is a distinct condition on Mr, King’s part, and that he will not
comeat to hold the presidency of this extensive property unless th®
financesiu capital account be placed in a satisfactory condition ”
*
*
had funds wherewith to
stations, but it would be better if the
that
When the details of the financial plau shall arrive from
America L will be considered by the comaiitt e, and when approved
laid before tlieir constituents.
**
Tn connection with this subject we are bouud to state explicitly that
Mr. King was only induced, in view i f the existence of the
floating
debt, to contemplate acceptance of the presidency in November next,
in reliance ou our representations and assurances to him that the
commissioner has not yet been decided upon.
The new organ¬
ization has been christened “The Western Pool.”
build them itself.
“
The New York Pennsylvania & Ohio lease has yielded a profit to the
Erie company when rates have been fairly remunerative, but the last
few months have shown a heavy loss, by reason chiefly, no doubt, of the
low rates. It is a very simple truth, that if a 25 cent rate, out of which
32 per cent must be paid as rent, leaves but a small profit to the lessee,
a 15 cent rate, out of which 32 per cent must be paid for rent, must
a
“
to
mortgage bonds authorized November 20, 1883.
entail
But another element in tlie calculation is tlie liability of the orapany
for future insta’menta on car trusts: to these trusts about
million
dollars have to be paid ou account of principal, fro n September, 1884,
to May, 1892 ; and unless and until some means shall be found for meet¬
ing these payments otherwise, wo cauuot regard the uet revenue as
ent rely clear for other purposes.
We have suggested to the President and directors, aid now reoommeud to the committee, that an effort should be mad ^ wit lout delay to
raise a permanent loan, on the securities available, for a total of
$.',00 >,( 00.
5,553
349
1883:
LINES EAST OF PITTSBURG AND ERIE.
Gross
Earnings.-
1884.
Six months....
3,989.085
‘4.617,S94
July
August
Total 8
$23,333,2 49
mos..
$31,910,228
1883.
Net
Earnings.
1884.
1883.
$8,112,242
$8,518,82®
4,775,380
1,391,116
2,151,507
1,492,734
2,112,622
$33,258,909
$11,654,865
$12,154,182
$2 4,352,579
4,130.950
As to the lines west of
Pittsburg and Erie, the monthly
reports issued in 1883 and for the current year show the results
January
in
however, state a loss since
1 in the present year, compared with the same period
The company’s returns,
below.
1883; of $1,274,897.
PITTSBURG & ERIE.
Surplus over all Liabilities,
1884.
1883.
LINES WEST OP
Net
18,954
120,759
247,490
Def. $702,363
$557,180
3.108
August
Total 8 months..
tion to this
compensation would aggregate 25 per
the preceding year.
At the October term
$907,421
Court following its validity was established,
123,591. Chief Justice Waite
expressly holding that it was proper for
223.536
the Government, in its twofold capacity of creditor and sov¬
Dec. in 1884.
earnings of the company for
net
$1,259,548
such to the company. No definite information
gained as to the amount of certificates that have been
presented to Treasurer Church, but it is thought by some in
as
number will avail them¬
Pacific.—The Philadelphia Press, repeating its state¬
special committee of the board of directors of. this
had made a report to the board which criticised the
Texas &
ment that a
company
credit of the
added to the
centum of the
required to pay in each year, to the
sinking fund, $850,000, or so much thereof as
could be
financial circles that a considerable
selves of the receivers’ offer.”
In addi¬
be retained, the com¬
the passage of the act.
whole compensation thus to
pany was
Philadelphia <fc Reading.—The Philadelphia Inquirer
says :
“A number of the holders of the four per cent certifi¬
cates issued by the receivers of the Reading Railroad have
received copies of a circular signed by Wm. A. Church,
Treasurer, offering to redeem the certificates. The circular is
dated September 15.
It offers to pay 30 per cent of the amount
of the certificates in cash, 30 per c^nt in a note due in four
months, and for the remaining 40 per cent a new receivers’
certificate will be issued. To none but large holders of cer¬
tificates were any circulars sent, and care was taken that none
came into the hands of any but real holders of certificates,
known
created at the time of
was
whole
$182,931
Def. $724,490
Six months
July
[Vol. XXXIX.
CHRONICLE.
THE
350
management and connections of the company, says :
just as stated, and the report is signed by
Major Frank S. Bond, chairman ; James P. Scott, of Philadel¬
phia; W. F. Walters, of Baltimore ; W. C. Hall, of Louisville,
and C. O. Baird, of Philadelphia. The report will be published
in due time, and a receiver for the road will be asked for.”
The Huntington System of Railroads.—The Chicago
present
“The facts are
“This act was
of the Supreme
approved May 7, 1878.
ereign, to require the company to
indebtedness when it
be prepared to meet its
rather a
should mature, but that this is
payment to the company (to its sinking fund) than to the
Government, and that its effect must be to enhance the com¬
pany's credit and the value of its stock and bonds. This deci¬
sion is reported in 99 U. S., page 700. r
Under this act, so far as the old Union Pacific Railroad is
concerned, and under the original acts of 1862 and 1864, so far
as the Kansas Pacific Railway is concerned, the accounting
officers of the Government have from time to time stated their
accounts against the company.
On December 31, 1883, the balance claimed by the Govern¬
ment to be due from the railroad company was $2,446,557.
This amount included the amount of the demand for the year
1883, which, it will be borne in mind, was met and liquidated
by the railroad company, payment thereof having been made
to the Assistant Treasurer of the United States in Boston, in
the month of June last.
The amount paid by the company at
this time was $718,814.
This payment narrowed the contro¬
versy, so far as the claims for the Government were concerned,
to the period prior to December 31, 1882, when in its view the
balance still due from the company was $1,727,742.
On the other hand, the company claims that the payment
made by it on July 26, 1881, in settlement of its account to
December 3J, 1880, had not been taken into consideration by
the United States, viz., $09,358. It also claims that its reason¬
able expenditures for station buildings, shops, tools, machinery,
“
“
“
locomotives, cars, etc., are proper charges against the gross
earnings of the company in order to ascertain the net earn¬
ings. The amount in controversy as to these expenditures is
$741,542. The company also contends that the demand of the
Government for the year 1882 is erroneous, in that it exceeded
the maximum amount authorized in the Thurman act by the
Southwest, including the
If, therefore, the company is wholly
number of miles and dollars, but these are not real things— sum of $249,346.
right
as
to
its
the deposit of July, 1881,
claim
only watery semblances of actualities.
The Huntington and in its contention covering
as to the true mode of ascertaining
system is not a mere aggregation of existing lines patched
together for Stock Exchange purposes. More than half of its the net earnings, and as to its maximum requirement under
main line of 4,070 miles had to he built.
To hasten the com¬ the law, it is entitled to credit for $1,050,237. Tills would
pletion of the last piece—the Louisville New Orleans & Texas, leave the balance due to the Government on December 31,
which runs between Memphis and New Orleans—the work of 1883, $667,504.
follows:
capital and
control of single
in the
Wabash, has a greater nominal
Tribune comments editorially upon these railroads as
4‘
There is nowhere else so vast a combination of
charters, of money and monopolies, in the
a
set of men.
What is known as the Jay Gould system
construction was divided between twenty corporations, each
of which did a part.
The following table will give the public
a clearer idea than any amount of comment of the work Hunt¬
ington and his partners
have done, and the power they have
* * *
Bonds
Stocks
gathered into their hands.
MVcs.
Jlr ads.
Southern Pacific
Southern Pacific of New
957
Mexico .. 167
Southern Pacific of Arizona
384
Galvest’n llarrisb’g & Sau Antonio 938
209
Texas & New Orleans
266
Morgan’s Louisiana A Texas
Louisville New Orleans
& Texas
Outstanding•
44,039,100
Oulstundinq.
6,888,800
19,995,000
2 7,093,190
5.000,000
5,000,000
4,180.000
10.000.00o
33,650,000
22,163,000
4,279,000
0,194,000
23,700.000
4»0
..
O.-V-W/nlO
Chesapeake Ohio & Southwestern. 393
Elizabeth. Lexington & Big Sandy 139
Kentucky Central
253
520
Chesapeake & Ohio
1,215
Central Pacific
lu,0 14,000
59,275-,500
32,52 y,5oo
8! ,480,OSO
5,906
219,2 17,17 8
235,111,180
[The foregoing table lias been
stocks and bonds separately,
amounts authorized.]
3,508,008
5,584.8' 0
32,8 IS, 120
“Against this claim of the
Government the company had a
transporting the mails, in
claim against the United States for
excess of the amount allowed by the
3,500,000
o.ooo, 000
revised for the Chronicle to show
than the
and the amounts issued rather
Post Office Department,
December 31, 1883, amounted to $4,360,490.
“These are the claims of the parties which are in dispute.
The claims of the respective parties include many other items,
concerning which, however, there is not the slightest disagree¬
ment, and touching which the only object in introducing them
on either side has been, and is, to use them as offsets, so far as
may be, and to have them included in a linal settlement.
These claims, as well as those in controversy, are now
embraced within the pending suits.
In reference to the claim of the company for increased
postal compensation, it may be said that the claim for a por¬
tion of the period has already been passed upon by the Supreme
Court.
That court sustained the principle contended for by
the company in this respect, although it was not then prepared
to say, from the facts before it, that the rate charged by the
which,
on
“
company was
’fair and reasonable,’which
in reference to
these matters, very
the charter act
required that it should be. The Supreme Court remanded the
case to the Court of Claims, with instructions to have other
With all its extensions and connections, including that by
matters in connection with the service rendered by the com¬
which the Huntington syndicate reaches Chicago, this system
covers not less than 8,000 miles of transportation.
It strings pany on its passenger trains taken into consideration, and it is
“
together San Francisco, El Paso, San Antonio, Houston, Gal¬
veston, New Orleans, Baton Rouge, Memphis, Vicksburg,
Louisville, Cincinnati, Richmond,
iron steamers which the syndicate
Chicago.
The seventeen
acquired when it bought
largely, that the testimony
being taken.”
Utah Central.—The Boston Herald is authority for the
statement that the Utah Central has resumed paying dividends
after passing them six months.
Union Pacific owns $700,000
is
now
line extend its lines of carriage
The land of the Hock.
grants belonging to the different roads contain uncounted
Wabash St. Louis & Pacific.—At St. Louis, Sept. 20, the
millions of acres, which now pass under the control of three receivers of the Wabash filed a petition in the United States
or four persons.
This little handful of men dominates the Court for authority to pay interest on the bonds of the Cham¬
highways of ten States and Territories. Their power of taxa¬ paign Havana & Western Railroad, $36,300 of which fell due
tion is governmental and their revenues are imperial. All these on June 1, and $11,931 on July 1.
The receivers state in their
different corporations will be welded into one. The men, Hun¬
petition that the Champaign Havana & Western is a good
tington, Stanford and Crocker will die, but the corporation feeder, with excellent prospects.
Morgan's Louisiana & Texas
to
New York, Havana
find the ports of Mexico.
it will rule the country."
Union Pacific.—The Boston Advertiser recently had an
article giving an account of the present status of this com¬
pany's suits with the Government, from which the following
will live.
The country must
rule it
or
quoted;
July 1, 1878, the Thurman Act became operative. That
act imposed additional obligations on the Union Pacific, but
made no change in respect of the requirements on the part of
As to the Union Pacific, the act directed
the Kansas Pacific.
that the whole amount of compensation that might from time
to time become due to the company for services rendered for
the Government should be retained by the United States, onehalf thereof to be applied to the liquidation of interest paid
and to be paid by the United States upon the subsidy bonds,
and the other half to be turned into a sinking fund, which
is
“
Auction Sales.—The
following, seldom or never
at auction this week
Stock Exchange, were sold
Adrian II. Mu ler & Son:
Shares.
271 Municipal G.-L. Co
16 Bauk of the State of
( 0 Nassau Bank
30 Germania Bank.
sold at the
by Messrs.
Shares.
211*4 375,000 Marian Consol. Min¬
ing Co. of Leadville.So. share
N.Y.1<>6
26 Royal Slate Mfg. Co . $1 share
131*4
Bonds.
ISO
$500 T.eliigli Valley Portland
22 Tradesmen’s Nat. Bk
102
Cement Co. 6 s, due 1903. 59
300 N. Y.
Harlem HR. Co.. 188
i $?,500 City of N. Y. consol.
40 Mechanics’ Bk. of Bklyn.202
stock, due 1894.. 124*4 & int.
20 Bklyri. Acad’y of Music..107*2
I $2,000 City of N. Y. 7s, ae5CO Gold Cup Miu’g & Smelt
cum.debt, due ’85.10230 & int.
ingCo...
$37 for lot
30 Eagle Fire Ins. Co
.246*$ i $14,186 Claims against Con¬
50 Tradesmen’s Nat.
Bk
'
lUO
tinental’lei.'Co
$375
September
THE
27, 18S4.J
Cmmumial
COMMERCIAL
CHRONICLE.
Friday, P. M., September 26, 1884.
The Movement of the Crop, as indicated by our telegrams
from the South to-night, is given below.
For the wreek ending
this evening (Sept. 26), the total receipts have reached 118,463
Night, Sept. 26, 1884.
The weather for most of the week under review has been
sultry and unseasonable, and much complaint is heard in
business circles of its unfavorable effect upon current trade.
In dry goods this is especially the case. Values of some of the
leading staples of agriculture are unsettled by speculative
* ‘
corners,’’ shutting out export orders. The political canvass
has invaded our mercantile exchanges, and great rivalry is
shown in organizing “ clubs.” This, also, is detrimental to
business. The drought begins to be severe on the Atlantic
Coast, there having been no equinoctial storm as yet. Finan¬
cial circles are still disturbed by railway rivalries.
The speculation in lard has been at times quite excited, and
in the past 43 hours the fluctuations were unusually wide.
Yesterday, through speculative manipulations, prices advanced
to 810c. for prime Western on the spot, 8*01c. for October,
7*5Cc. for December and 7*Glc. for January, and refined for the
Continent 8*40c.
This afternoon the close for prime Western
was at 7'85c. on the spot, 7’74c. for October, 7*43c.for November,
7‘090. for December and 7#42c. for January.
Pork was more
active at $17 for mess. Cut meats were in better demand and
closed dearer ; pickled bellies, 9J*£@9^c.; hams, 1234(a) 123>£c.,
and shoulders, 7;}8@7^c. The slaughter of swine at the West
has decreased materially.
Beef and beef hams are quiet. Tal¬
low is easier and more active, selling largely at C^c.
Butter
is firmer at 22@31c. for creamery, and 10@16c. for factory.
Cheese is firmer, but dull, at 8(3) 113^c.- for factory.
The fol¬
lowing is a comparative summary of aggregate exports from
November 1 to Sept. 20 :
1883-3 4.
1832-83.
Bacon, lbs
33,475,800
311.240,054
42,001,400
381,478,100
Dec.
Dec.
8,535,000
07,238,115
Lard, lbs
107 011,315
250,230.800
Dec.
62,210,551
Pork, lbs....'
COTTON.
giwcs.
EPITOME.
Friday
bales, against 80,737 bales last week, 42,624 bales the previous
bales three weeks since: making the total
receipts since the 1st of September, 1884, 256,925 bales, against
319,507 bales for the same period of 1883, bhowing a
decrease since September 1, 1884. of 62,582 bales.
week and 16,337
Total
lbs..
544,727,190
682,770,405
Dec. 138,043,200
quiet on the spot and closed to
some extent nominal at 10J4c.; options have been moderately
active only for most months, but September advanced to 9c. a
few days ago, and October has been more active of late; the
close to-day, however, was at some decline from the figures of
a few
days ago September sold at 8 80c., October at
8*C0c. and November and December at 8'45c.; mild grades
have been fairly active and steady.
Tea has b»en firm for
most grades on the spot with a fair trade, but Oolong declined
at the weekly auction and options are neglected. Rice has been
steady wiiii a pretty good demand.
Molasses has been quiet
but steady; the last sale of Cuba refining stock was at
for 50 deg. test.
Raw sugar has been quiet at 4;8c. for fair
refining and 5;r,8c. for 96 deg. test centrifugal; the tone is more
or less depressed ; options have been dull and weak; refined
closed dull and weak at 6%@6 7-16c. for granulated,
6/3c. for powdered and 5 15-16c. for standard “ A.”
Kentucky tobacco has been in fair demand and about steady
at 7^@8/2C. for lugs and 8?4@10}^c. for leaf.
The specula¬
tive transactions have also been light.
No. 1 sold at 7^c. for
been rather
Jf on.
Sat.
Receipts at—
Galveston
3,313
Indianoia, Ac.
New Orleans...
1,487
2.991
Mobile
561
697
403
901
314
Florida
....
....
....
....
Brunsw’k, Ac.
...
Charleston
Pt.
Royal, &c.
Wilmington
....
Moreli’dC.,Ac
West Point, Ac
New York
37
Boston
Baltimore
Totals this week
firm at 7J3c.,
steady. The
supply of tonnage here is light, especially of large vessels.
Grain has been taken for Liverpool and Hull by steamer at 3d.,
for Antwerp at 4>'4d. and for Avonmouth at 4d.; bacon for
Liverpool at 20s., cheese at 25s. and butter at 30s.; refined
petroleum to the Continent quoted 2s. 10J^d.@33.; refined
from Philadelphia to the United Kingdom taken at 3s. 3d.,
and from Baltimore to Cagliari at 3s. 6d.
1,198
1,193
21,346
.
.
11
11
634
4,153
....
.
8
8
1,910
2,891
1,S60
10,750
....
2,096
2,096
.
....
....
....
....
...
...
.
46
110
77
....
....
....
....
50
....
-
613
5
5
178
508
13,104 25,009 17,833 16.154 20.924 25,439 118.463
For comparison, we give the following table showing the week’s
total receipts, the total since Sept. 1,1884, and the stock to-night,
and the same items for the corresponding periods of last year.
Since
This
Week.
Galveston
Stock.
1883.
1884.
Receipts to
Sep>tcml>er 26.
This
Sep.
1, 1884.
Since
Week.
Sep.
1,1883.
26,528
4,747
59,254
28,981
66.634
11,531
3,727
8,243
343
697
78,876
40,311
49,921
30,810
41,630
5,729
5,737
21,615
2,990
824
New Orleans...
14,776
26,089
Mobile
3,318
Florida
1,240
7,623
2,485
53,223
1,198
21,346
78,704
29,406
1.198
290
731
44,097
22,589
53,797
Royal, Ac.
11
40
169
626
Wilmington....
4,153
7,541
3,194
7,317
Bmnsw’k, Ac
Pt.
West Point, Ac
New York
154
10u
335
9,570
19,253
2,036
4,387
6,737
50
50
69
361
6 i8
1,990
172
493
6.310
5
432
no
471
6,410
503
3.18S
998
2,766
5,525
256.925 125,032
319,507
Boston
Pliiladelp’a,Ao.
Total
147
17,730
( 2,478
Baltimore
118,463
319
......
8
.....
47,690
......
10,750
M’head C.,&e
Norfolk
1883.
29,498
60,130
735
Charleston
1884.
67,892
3,359
24,428
Indianoia,Ac.
.
.
....
......
8,919
9,543
59,315
86,727
3,855
7,403
9,054
......
225 565 336.919
In order that comparison may be made wTith other years,
give below the totals at leading ports for six seasons.
1884.
Receipts at—
1883.
Galvest'n.Ac.
25,163
New Orleans.
14,770
Mobile
1882.
22,439
26,528
4,747
29,406
22,758
3.313
Savannah....
improvement, but the inquiry is
perhaps increasing a little; sales for the week reach 425 cases
1833 crop, New England seed leaf, G@18c., including Havana
seed, 19@3-ic.; 563 cases 1883 crop, Wisconsin Havana seed, 16
<2>30c.; 200 cases 1883 crop, Pennsylvania, private terms; 400
cases 1881 crop, do., 0@llc., and 150 cases sundries,
5@28c.;
also 450 bales Havana, 80e.@$l 15 and 150 bales Sumatra,
$L 20£$1 65.
Naval stores have been very quiet, and most of prime
strained rosin has been entirely nominal in the absence of
supplies; at the close the nominal figures were $1 2lx/2 for
strained and $1 35 for good. Spirits turpentine, in sympathy
with a decline abroad and at the South, has fallen to 30@3OI4C.;
December delivery sold to-day at 31^c.
Hops have been dull,
weak and nominal.
Oils have been rather quiet as a rule, Lut
and declining, closing at 73;'’gC.; refined closed
with a better trade.
Ocean freights have been fairly active and
1,240
33,223
615
325
5
3,318
741
....
....
....
442
4,02S
191
157
....
Philadelp’a, &c.
October.
Crude oil certificates have been dull
50
....
14,776
3,334
.
1,720
735
2.929
2,727
....
....
....
21,128
735
6,380
....
1,714
3,316
4,S31
G30
....
625
All others....
linseed has been steadier.
....
Total.
1,210
5,999
.
3,560
1,094
....
Norfolk
.
....
....
380
....
.
6,197
4,658
2,439
12,816
Seed leaf has been without
5,735
4,078
Savannah
.
Fri.
.....
2,318
WilnPgt’n, Ac
Norfolk, Ac..
2 at 8c. for
....
3,889
Cliarl’st’n, Ac
for March and No.
4,322
3,178
....
1,162
33,223
21,357
October and 6c.
2,485
....
Thurs.
Wed.
Tues.
7,010
....
Savannah
Rio coffee lias
351
2
4 pi
1830.
1881.
4 0
23,911
11,950
31,717
21,557
19,260
33,958
26,497
7,831
39,399
34,227
5,683
33,323
8,316
17,800
4.676
4,216
3,619
3,294
13,957
1,903
11,676
3,387
20,652
3,531
Tot. this w’k.
118,463
125,032
136,479
Since Sent. 1.
256.925
319.507
296.957
4,161
1879.
18,240
27,023
we
17,940
30,580
14 692
35,486
22,725
4,108
24.425
7,021
12,347
134,756
172,221
162,303
429,777
493.664
410,939
Guiveston includes
indianoia; Charleston includes Port. Royal, Ac.;
Wilmington Includes Morehead City, Ac.; Norfolk includes City Point, Ac.
The exports
of
to
for the week ending tins evening reach a total
31,914 bales, of which 28,740 were to Great Britain, 10
France and 3,164 to the rest of the Continent, while the
stocks as made up this
are the exports for the
evening are now 225,565 bales. Below
week and since September 1, 1884.
From Sept.
Week
Ending Sept. 20
Exported to—
Exp rti
Great
from—
Brit'n. Frasier.
Jttlveston
Total
nent.
Week.
•
dcblle
!
Florida
....
...
•
370
Sew Orleans..
Savannah
Conti¬
1, 1884, tc Sept. 20, 1884.
Exported to—
Great
Britain. France
.
370
3,418
7,020
7,020
14,283
39,200
Conti¬
nent.
Total.
500
501
370
3,783
...
7,0 ,-0
7,020
Charleston *...
Wilmington..
Vnrfolk+
New York
...
12,388
10
■
1, SS5
Phil
idelp’a.At
{otal
Total IS8L..
*
459
3,220
42,945
1,496
408
408
Boston
'
700
0,699
2,633
209
7,399 l
2,842 ;
28,740
10
3,104
31,914
12,77b
12,839
13,718
89,365
Includes exports from Port Royal, Ac.
+ Inoludes exports from West Point, Ac.
209
12,775
4,970
459
5,801
72,410
30,075
29.210
117,570
11,279
4,770
06,150
?!
THE CHRONICLE.
352
telegram 8 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 are prepared for our special use by Messrs. Carey, Yale
& Lambert, 89 Broad Street.
•
The Sales and Prices of Futures
In addition to above exports, our
us
On
Great
Britain.
Oj
Shipboard, not cleared—for
France.
Foreign
Coast¬
wise.
None.
None.
None.
None.
5,700
2,( 00
4,2(0
2.078
4.000
4.206
Other
-ip c©
Stock.
Total.
<3
%
<
I?
01
£-
<3>
None.
10,200
7,100
8,000
4,026
9,500
8,000
Galveston
Norfolk
New York
Other ports
2,779
1,S50
1,800
None.
None.
None.
17.900
15 300
o
^
2,144
47,965
9,900
14,174
Total 1883
Total 1882
52,984
2,356
10,704
27,790
16.C98
5.587
7.368
hj
wTas a
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NEW ORLEANS.
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sy!6
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Sat.
STAINED.
S'lfi
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very
Sept. 20 to
Sept. 26.
S'® OB Pj
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00
167.252
buoyant market on Saturday and Monday
for cotton for future delivery, in the course of which prices
advanced 10@ 15 points from the closing figures of the pre¬
vious Friday.
This was due to the unfavorable view taken of
crop prospects as presented in our weather reports, and private
advices of the same tenor, causing a sharp demand to cover
contracts and some revival of speculative buying for the rise.
But on Tuesday there was decided weakness in September
contracts, and the distant months lost most of the advance of
the previous two days under sales to realize profits and a
marked increase in the crop movement, with the partial relief
to the drought in the Southwest by rains.
On Wednesday
September contracts sold at 10*15c., against 10*37c. on Monday,
but the rest of the market was steadier.
Yesterday a much
better report from Liverpool caused continued firmness, but
no decided advance.
To-day the freer movement of the crop
and weak foreign advices caused a general decline, and the
close, as compared with last Friday, was irregular,—7 points
lower for September, 6 points dearer for October, and the more
distant months but little changed. Cotton on the spot was
quiet and easy. The demand for home consumption decreased,
and new cotton was freely offered from the wharves at juices
below current quotations. Yesterday there was a decline of
1-lGc. The market to-day was dull; prices were, nominally
unchanged on the basis of 10 5-lGc. for middling uplands, but
new cotton y&c. lower.
The total sales for forward delivery for the week are 479,100
balep. For immediate delivery the total sales foot up this week
3,82G bales, including 325 for export, 3,501 for consumption,
for speculation and — in transit.
Of the above,
bales
were to arrive.
The following are the official quotations for
each day of the past week.
*
There
P
•
©
268,579
69.340
47,555
9,336
6.810
32,202
©
«
»
111,612
83,953
12,995
15,628
03 ®
o
sr
a
2.3,011
14,614
6.805
11.350
§21!
S'l^p
oo ® ® t»
»
-
® *
p
12,910
14,894
®«g
®
6
Total 1684
.
None.
21.067
3 727
7,911
—• l— EC
®
S'
2 356
None.
None.
None.
None.
None.
None.
None.
5,558
Hew Orle ana....
Mobile
Charleston
Savannah
by the follow¬
shown
are
ing comprehensive table. In the statement will be found the
daily market, the prices of sales for each month each day, and
the closing bids, in addition to the daily and total sales.
Leaving
Bett. 26, AT—
[VOL. XXYTX
1 i
1
1
:
1
ft: :
1
.
:
Si
I ft: :
1 i
1
:
'5
|
•
P>
<4
MARKET AND SALES.
©
®
i-i
-J
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:
§:
i
•
•
I 1-
glance how the market closed on same days.
SALES OF SPOT AND
SPOT MARKET
CLOSED.
Ex-
Bat.. Firm
Mon
.
Tnes.
Wed
Thure
Fri
.
Tntnl.
Q:iict and stead;Dal
D ill and easier..
CH A st’dy,i,«(lcc
Easy
|
0o?t-
!
902
port. I sump
3 0,3
75
10
110
007
7-;0
1
010
j
287
325 3.501
The daily deliveries given above
Spec- Tran-
uh’n
eit.
m
•
•
•
•
....
•
•
•
•
....
•
m
•
•
•
....
....
....
....
....
are
Total.
FUTURES.
Sales.
cries
pSp3 We have included in the above table, and shall continue each
week to uive, the average price of futures each day for each month. It
will be found under each day following the abbreviation “ Aver." The
average for each month for the week in also given at bottom of table.
Transferable Orders—Saturday, 10-30c.;
....
902
380
757
830
97,700
87.000
610
79.8 >0
287
75,900
200
(500
200
3,820 479,100
1,400
05,900
200
Mouday, 1010c.; Tuesday,
10-25c.; Wednesday, 10 20c.; Thursday, 10 15c.;
72 800
The
200
actually delivered the day
previous to that on which they arc reported.
TRANSIT.
following exchanges have been made during the week:
>
pd. to exch.
•51 pd. to
•03 pd. to
23 pd. to
exch.
exch.
cxcli.
•00
05
*i>2
00
T5
10
pd.
pd
pd.
pd.
100 Q< t for Dec.
pd.
1,000 Oct. for Apr.
pd.
1,000Sept, for .)un.
500 Mar. for May. i -04 pd.
•17 pd. to exob. 200 Nov. for Jan.
0 '» pd. to exeli. 1.000 Jan.for Sept.
•00 od. to exeb. 1.000 Oct. for Dec.
•0
Friday, 1015c.
to exch.
to cxcli.
to cxcli.
to exch.
to exch.
to exch.
to cxcli.
1,100 Oct. for Dec.
400
200
500
300
200
300
Oct. for Dec.
Oct. for Dec.
Nov. for Dec.
Nov. for Jan.
Dec. for Jan.
Nov. for Dec
September 27,
CHRONICLE
THE
1884.]]
The Visible Supply of 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
Thursday evening. But to make the totals the complete
figures for to-night (Sept. 28), we add the item of exports from
the United States, including in it the exports of Friday only.
to
Stock at Liverpool
Stock at Loudon
1881.
1883.
1832.
bales. >538,009
08,000
675,000
49,600
491,000
77,700
655,000
42,200
650,000
723,600
3,200
41,600
558,700
3,100
31,200
8,400
697,200
1334.
Total Great Britain stock
Stock at Hamburg
Stock at Bremen
.
4,100
53,400
40,000
10,000
40,200
353
The above totals show that the old interior stocks have
increased during the week 7,531 bales, and are to-night 53,817
bales less than at the same period last year.
The receipts at
the same towns have been 28,438 bales less than the same week
last year, and since September 1 the receipts at all the town3
are
87,555 bales less than for the
day of the past week.
Week
CLOSING
ending
Sept. 26.
1,700
7,400
300
2.300
Galveston....
97,000
9,400
30,000
9,000
119,000
1,600
23,000
159,000
10,000
11,500
5,000
13,000
6,900
New Orleans.
Mobile
Savannah....
Charleston...
Wilmington..
94i
369,600
236,100
209,800
291,330
Total European stocks
1,025,600
India cotton afloat for Europe.
102,000
Aruer’n cott’n afloat for Eur’pe
39,000
8.000
Egypt, Brazil,&c.,atlt for ET’pe
Btbck.in United States ports .. 225,565
Stock in U. S. interior towns..
25,906
959,700
76S500
207,000
71,000
991,530
128,000
119,000
16,000
381,905
105,334
8,232
at Amsterdam
at Rotterdam
at Antwerp
at Havre
at Marseilles
at Barcelona
at Genoa
at Trieste
27,000
1,500
800
2,300
193,000
5,000
44,000
12,009
9,000
Total Continental stocks......
122,000
87,000
23,000
336,919
14,000
214,807
33,744
6,600
79,72 i
15,000
11,300
United States exports to-day..
4,300
36,‘ 00
supply
:1,410,371 1,623,342 1,315.651 1 ,750,001
Of the above, the totals of American and ether descriptions are as follows:
American—
bales
3.-0,000
Continental Btocks
American afloat for Europe...
United States stock
United States interior stocks..
United States exports to-day..
185,000
Liverpool stock....
388.000
134,000
87*000
336,919
79,723
39,000
225,565
25,9,)6
14,300
194,000
56,000
515,000
71,000
214,807
119,000
381,905
33,744
6,600
105,33 4
8.232
15,000
819,771 1,010,612
Total American
East Indian, Brazil, die
Norfolk
Boston
Baltimore.
150,000
576,151 1,279,471
—
255,000
Liverpool stock
63,000
184,600
102,000
London stock
Continental stocks
India afloat for Europe
287,000
48,600
237,000
140,000
77,700
102,100
122,000
153 800
207,000
42,200
144,330
123,000
23,000
14,000
16,000
8,000
Egypt, Brazil, Ac., afloat
582,700
620,600
Total East India, Ac
Total American
739,500
1 ,440,371 1,623.312 1,315,651 1,750.001
54td.
07ed.
7^166.
515|ed.
Liverpool—
supply
The stock at Liverpool, according to the estimated running count,
agrees approximately with the actual count made this week. By the
re count the total stock was found to be (34'3 bales greater, and the
imports into Continental ports this week have been
£5,000 bales.
The above figures indicate a decrease in the cotton in sight
to-night of 182,071 bales as compared with the same date of
1883, an increase of 121,720 bales as compared with the corres¬
The
ponding date of 1882 and a decrease of 309,030 bales as
compared with 1883-
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 the corresponding
period of 1883—is set out in detail in the following statement.
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a
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0.
to m
978
9^4
Louisville
10%
9%
97g
0n16
10%
10U
loq
10q8
101 ig
10
\0*i
ioq
1034
10 q
11
11
11
10%
ioqi
9%
10
10%
»1316
911 is
99i«
9%
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Plantations.—The
following table ia
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 the
weekly movement from the plantations of that part of the crop
which finally reaches the market tlirough the outports.
from the
RECEIPTS FROM PLANTATIONS.
Week
SVk at Interior Towns.
Receipts at the Ports.
endin']—
*
1882.
1883.
18S4.
1862.
1983.
1884
Rec'pts from Plant'n§
1882.
July 11
8,143
9.150
6,126
4,815
4,811
6.356
1883.
U
23
1
An.7.
“
8
4%
15
44
12,352
2d
....
Sept. 5
4*
12
(4
49,512
7.578
35,434
08,762
31,041
753
5,139
9,208
8.296
7.064
3,810
31,622
28,276
64.239
28,24 i
4/85
61.629
24.443
57,680
9.-5
9.7C0
10,305
11,363
2,263
2,698
21.093
53,206
52.016
4 914
10 342
21,231
8,321
5,026
9.115
9,975
22,754
16,337
16.510
50,520
50,30 *
53,576
10,144
22.971
16,535
14,327
15,526
25,130
22,307
20,433
8,3 6
16,51-9
5,318
2,780
42.624
80 737
19,115
58,9->0
20,9.85
75,170
33.308
64,318
2,803
4,283
2,S67
77,223 93,810
13«,479 125,0.32 118,463
10.
44
21,012
28,686
11,024
1884.
26
46.622 105 773
1,488
1.708
5.036
16.861
20,681
37.728
20,427
24,317
52,10*'
B9.7G1
86.093 119.000
1,096
113
•
•
•
389
831
1.003
4,657
18,850
46,187
84,027
30.155 153.110 1 53.«31 1 0.301
The above statement shows—1. That the total receipts from
the plantations since September 1, 1884, were 275,885 bales;
in 1883 were 378,129 bales; in 1882 were 327,094 bales.
2.—That, although the receipts at the outports the past week
118,463 bales, the actual movement from plantations was
130,301 bales, the balance going to increase the stocks at
the interior towns. Last year the receipts from the plantations
for the same week were 155,631 bales and for 1882 they were
153,116 bales.
were
by
a
to
X
F-
QC
a
cc
Telegraph.—There have been rains
sections of the cotton belt during the week, includ¬
part of the Southwest, in some districts being very bene¬
Portions of the Atlantic States and Texas still
coin-
QD
Galveston, Texas.—We have had light showers on two days
week, the rainfall reaching five hundredths of an inch.
The thermometer has averaged 84, ranging from 79 to 89.
India,io!a, Texa*.—We have had worthless showers on two
days of the week, the rainfall reaching nine hundredths of an
inch.
Picking progresses well. The thermometer has ranged
from 77 to 90, averaging 82.
Palestine, Texas.—There lias been one splendid and very
welcome shower during the week, but doing more harm than
good to cotton. The rainfall reached one inch and sixty-six
hundredths.
Picking is making good progress, and will finish
earlier than ever known. Average thermometer 81, highest
,
94 and lowest 89.
warm and dry
Picking progresses well. The thermometer has
averaged 83, the highest being 98 and the lowest 07.
Luting, Texas.—It has rained splendidly on one day of the
Week, reviving a faint hope of atop crop. The rainfall reached
three inches. Good progress is being made in picking. The
thermometer has averaged 85, ranging from 72 to 97.
Brenham, Texas.—We have had one shower during the
week, the rainfall reaching fifty hundredths of an inch.
Picking makes good progress. The crop is the shortest for
many years.
The thermometer has ranged from 71 to 99,
averaging 84.
Belton, Texas.—It has rained gloriously on one day of the
week, but too late to help cotton.
The rainfall reached
three inches and five hundredths.
Good progress is being
Huntsville, Texas.—The weather lias been
made with
picking,
Average thermometer 81, highest 97 and
lowest 59.
Weatherford, Texas.—We have had no rain all the week.
and the crop will be
The whole face of the earth has dried up
»
1,460
all the week.
Sg
a?
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to
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as
tc to
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oo to %
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m
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if- r- *J K- r~ >— tC
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of the
Sr
01
to tc © •£ a © -1 ©
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10
9 l»i«
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market.
»
»*r oo
H*
»CCOf-©<3tO
aa w
.
9*\
10
plain of dry weather. Picking is going on in an exceedingly
satisfactory manner, and the staple is being forwarded to
«s
CO
11%
9%
10 q
ing
1
•“*
10%
Cincinnati...
ficial.
M It. © to © O'
*4
91%6
103s
11%
9%
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Fri.
in many
»
?: op
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abb
978
Weather Reports
1- 3
3
if--1*1 ©to a.©*-©
b to ©»• ©r
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■
91316
978
1(;%
44
American stock 382 bales less, than the running estimate.
cl¬
9^16
91316
915^
0!316
97b
10-10ll6
91316
9^i
10%
10‘\
Thurs.
9%
978
978
9cq«
TTctfne^.
470,530
576,15 L 1,279,471
819,771 1,040,642
Tues.
9%
10 ^
..
QUOTATIONS FOR MIDDLING COTTON ON—
Moil.
97s
IOUq
St. Louis
*
O
10
Philadelphia.
Augusta
Memphis....
13
Total visible
Price Mid. Upl.,
Satur.
Receipts
Total visible
time in 18S3.
Quotations for Middling Cotton at Other Markets.—
Ia the table below we give the closing quotations of middling
cotton at Southern and other principal cotton markets for each
19,300
2,830
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
same
THE CHRONICLE,
354
short. The thermometer
being 97 and the lowest 60.
very
Dallas,
has averaged 80, the highest
ruined.
During the previous week there was rain on three days, and:
forty hundredths.
Wilson, fl. C.—The weather has been warm and dry during
the week, with one light rain, the rainfall reaching four hun¬
dredths of an inch.
No serious damage has been done by the
dry weather. Picking is progressing finely, and the crop is
being pushed to market. The thermometer has averaged 75,.
the highest being 86 and the lowest 59.
The following statement we have also received bv telegraph,
showing the height of the rivers at the points named at 3 o’clock
September 25, 1884, and September 27, 1883.
the rainfall reached six inches and
week. The
Picking progresses well. The
Texas.—There has been no rain all the
crop is irreparably
thermometer has averaged
83, ranging from 68 to 98.
have had one trifling shower during
the week, the rainfall reaching five hundredths of an inch.
We are needing rain very badly.
Picking progresses well.
The thermometer has ranged from 66 to 93, averaging 81.
flew Orleans, Louisiana.—It has rained on two days of
the week, the rainfall reaching one inch and one hundredth.
The thermometer has averaged 81.
Columbia, Texas.—We
Sept. 25, '84. Sept. 27, '83.
Mississippi.—The early part of the week was
clear, pleasant, warm and dry, but during the latter portion it
has rained severely on one day.
The rainfall reached sixtyone hundredths of an inch.
The thermometer has ranged
New Orleans.
from 66 to 92.
Shreveport...
Vioksbur/a:....
'
[Vol. XXXIX,
Vicksburg,
Feet.
12
Memphis
Above low-water
Nashville
mark.
3
0
0
5
u
Inch.
5
7
7
Feet.
12
Inch.
4
7
11
6
10
2
0
1
1
6
3
Mississippi.—The drought which began August
New Orleans reported below high-water mark of 1871 until
abundant rain. The inju, y to the
cotton crop is estimated at about twenty per cent.
Picking is Sept. 9, 1874, when the zero of gauge was changed to highprogressing finely. The thermometer lias ranged from 61 water mark of April 15 and 16, 1874, which is 6-10ths of a foot
to 90.
above 1871. or 16 feet above low-water mark at that point.
Greenville, Mississippi.—It has rained on two days of the
India Cotton Movement from all Ports. — We have
week, the rainfall reaching one inch and seven hundredths.
re-arranged
our India service so as to make our reports more
The thermometer has averaged 79, the highest being 86 and
detailed and at the same time more accurate. We had found
Meridian,
4th
was
ended yesterday by
the lowest 74.
Columbus, Mississippi.—We have had showers on two days
of the week, the rainfall reaching seventy-live hundredths of
ail inch.
Little Rock, Arkansas.—Excepting on Sunday and Monday
the week lias been cloudy, with rain on four days.
The rain¬
sixty two hundredths. The ther¬
60 to 90, averaging 72.
Fort Smith, Arkansas.—It has rained on one day of the
week, the rainfall reaching eighty hundredths of an inch.
The rains are proving beneficial to the crop, and our farmers
are f eeling good over it, as shown in their expressions as to the
situation. The thermometer lias ranged from 70 to 90.
Helena, Arkansas.—We have had showers on two days,
and the remainder of the week has been pleasant.
The rain¬
fall reached one inch and
mometer has ranged from
fall reached one
inch and twenty-one
hundredths.
Picking
the high¬
rained on three days of the
week, the rainfall reaching two inches and one hundredths.
The thermometer lias
Picking is making good progress.
progresses
well.
The thermometer has averaged 74,
being 87 and the lowest 63.
Memphis, Tennessee.—It has
est
impossible to keep out of our figures, as cabled to us for the
Bombay, cargoes which proved only to be
shipments from one India port to another. The plan now
followed relieves us from the danger of this inaccuracy and
keeps the totals correct. We first give the Bombay statement
for the week and year, bringing the figures down to Sept. 25.
it
ports other than
SHIPMENTS FOR FOUR YEARS.
BOMBAY RECEIPTS AND
Great
fear
BriVn.
1884
1883
1882
1881
1,000
6,000
Conti¬
nent.
Great
Total.
Receipts.
Shipment* since Jan. 1.
Shipments this week.
Britain
Conti¬
nent.
Total.
3,000 1,548.000
5,000 1.556.1 00
5,000 1,624/ 00
3,000 494,000 613,000 1,107,000
8,00Oj445,000 792,000 1,237,000
9,000,716,000 603,000 1,349.000
! 301,000 542,000 846.000
2,000
8,000
3,000
Since
Jan. 1.
This
Week.
5.000 1,163,000
According to the foregoing, Bombay appears to show a
compared with last year in the week’s receipts of
2,000 bales, and a decrease in shipments of 5,000 bales, and
the shipments since January 1 show a decrease of 130,000 bales.
The movement at Calcutta, Madras and other India ports for
decrease
the last reported week and since the 1st of January, for two
averaged 74, ranging from 61 to 89.
flash'cille, Tennessee.—It has rained on two days of the years, has been as follows.
“Other ports” cover Ceylon>
week, the rainfall reaching fifty-five hundredths of an inch. Tuticorin, Kurrachee and Coconada.
The thermometer has ranged from 51 to 88, averaging 71.
Shipments since January 1.
Shipments for the week.
Mobile, Alabama.—It has been showery on one day of the
week, the rainfall reaching thirty-six hundredths of an inch.
Great
Conti¬
Great
Total.
Continent.
Total.
Britain.
nent.
Picking is progressing finely. Average thermometer 77, high¬
Britain.
est 89 and lowest 69.
Montgomery,
Alabama.—Telegram not received.
Selma, Alabama.—The weather has been warm and dry
all the week. The crop is being marketted freely. The ther¬
mometer has averaged 77, ranging from 68 to 88.
Auburn, Alabama.—The weather has been warm and dry
all the week.
The bolls are dropping badly. It is claimed
that the crop has been reduced one-quarter by the
drought.
averaging 74.
The thermometer has ranged from 65 to 91,
Madison, Florida.—Telegram not received.
Georgia.—We have had no rain all the week. Crop
are less favorable, owing to dry weather forcing open
Macon,
accounts
the cotton.
Calcutta1884
1883
Madias—
1884
1883
All others—
1884
1883
Total all1884.1883......
1,000
1,000
5,000
1,000
2,61*6
6,000
2,000
2,666
125,200
95,500
42.700
82,500
84,700
10,800
44 000
1,000
1,000
44,000
14,5u0
1,000
15,500-
5,000
35,900
20.000
55,900
3,000
34,400
8,000
43,000
6,000
162,400
62,70o
225,100
4,000
133,600
20. K)0
154.000
from
Bombay is 2,000 bales more than same
Columbus, Georgia.—There has been no rain all the week.
tiie whole of India, therefore, the total
The thermometer has averaged 80, ranging from 67 to 90.
Satamiah, Georgia.—It has rained lightly on two days and shipments since January 1, 1884, and for tiie corresponding
The rainfall reached periods of the two previous years, are as follows:
the rest of the week has been pleasant.
nine hundredths of an inch.
The thermometer has ranged
EXPORTS TO EUROPE FROM ALL INDIA.
88, averaging 76.
Augusta, Georgia.— We have had light rain on two days
and tiie remainder of the week has been pleasant and favora¬
The above totals for
the ports other than
week last year.
For
from 68 to
ble for the
gathering of the crop, which is making
good head¬
The rainfall reached ninety-eight hundredths of an
Average thermometer 75, highest 80 and lowest 64.
Atlanta, Georgia.—Vie have had no rain during the week,
in fact there lias been none of any consequence since August
9.
The thermometer has averaged 7LG,, the highest being 85
way.
inch.
and the lowest 51.
Charleston, South
Carolina.—It has rained on one day of
week, the rainfall reaching one inch and
dredths. The thermometer has averaged 76,
the
to 85.
Columbia, South
sixty-seven hun¬
ranging from 69
Carolina.—It has been showery on one
day of the week, the rainfall reaching fifty-six hundredths of
an inch.
Rust is reported to be developing badly, and it is
claimed that the top crop will be poor. The thermometer has
ranged from 66 to 79, averaging 73.
Stateburg, South
Carolina.—It has rained lightly on one
day, and the remainder of the week lias been pleasant. The
rainfall reached eight hundredths of an inch. Picking is
making good progress. Average thermometer 73, highest 83
from—
This
week.
clear, cool, and very favorable
picking, which is progressing steadily and satisfac¬
torily. The cotton crop was seriously damaged by the drought
and hot suns in August, but less so on the red clay lands of
the hills than on the lighter, more sandy soil of the surround¬
ing flat country. The thermometer averaged 694), ranging
from 55 to 80,
This
week.
Since
Jan. 1.
Since
Jan. 1.
225,100
8.000 1,237.000
154,000
4,000
9,000 1.332,100
12,000 1.391,0 '0
Bombay
3,000 1,107,000
All qther ports.
6,000
Total
1882.
1883.
188 4.
Shipments
to all Europe
This
1
week.
!
9.000
2,300’
Since
Jan.i.
1,349,00(>
271,200
11.300; 1,620 200
This last statement affords a very interesting comparison o
the total movement for the three years at all India ports.
f
Alexandria Receipts and Shipments.-—Through arrange ments we have made with Messrs. Davies, Beni chi & 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
corresponding week of the previous two years.
Alexandria, E(jypt,
September 2 4.
This
week.
Exports (bales)
io
mverpooi
To Continent
Total Europe
*
A. cantar is 9S lbs.
18,000
22,000
7.000
12,000
This week....
Since Sept. 1
IS 82
12 83.
1884.
Receipts j can tars*)—
and lowest 63.
Last week the weather was
for cotton
the week show that the movement
Since
Sept. 1.
!
This
week.
!j
Shut
i
'
r
Sept. 1. j
1.000
1,000
1,000
i.ooo;
1,000
iyoo
2,000
2,000
1,C00|
LOGO1!
......
This !
Since
week. \ Sept. 1.
I
This statement shows that
the receipts for the week ending
7,000 eantars and the shipments to all Europe
■Sept. 24
were
2.000 bales.
Manchester Market.—Our report
received from Manchester
to-night states that the market is dull. We give
to-day below, and leave previous weeks’
comparison.
for
d.
d.
8H lbs.
Oott’n
Mid.
Shirtings.
TJpl Is
«.
J’ly 25 8^ 9 9*8 5
Aug.
1 3*8 3 9*8 5
“
8 3ypj 3 9^:5
“
d
1
8*297
8^37
8*297
7 Si 97
7*297
8*2 97
8*297
7
97
1*2
1*2
1*2
“
Sept, f 3*16 3 0*8
12 8yir,3 9*8
“
*i
jC
2C
“
9
7
Die® 9
0*2
0*2
lSi
1 S?
0
0
®7
32# Cop.
Iwisi.
d.
d.
d.
a.
d.
7
®7
16 39 m3 9hj>5
22 3*2 3 9iio 5
2b 39ifi 9 94 5
“
the prices
prices for
64
64
64
64e
64e
64
84 9
84 3
84 9
8 4 3
84 ®
8 16®
9
9
9
9
9
84 5
Shirtings.
8:h6® 8V5
84 9 87b'3
84 9 84 5
6
6
6
5151(> 8:h(5®8!3^i5
6
6916
64
6
Comparative Port Receipts and
Oottn
84 lbs.
d.
8
8
8
6
6
6
8.
@7
<37
97
97
'97
®7
®7
®7
,®7
-37
d.
0
O
0
0
O
0
O
O
O
0
Mid.
TJplcs
d.
SI16
54
oiiie
5!>
558
558
5l4e
5l3ie
5131(J
54
Daily Crop Movement*
comparison of the port movement by weeks is not accurate,
—A
the weeks in different years do not end on the same day of
We have consequently added to our other standing
the month.
-as
daily and monthly statement, that the reader may
constantly have before him the data for seeing the exact relative
movement for the years named.
The movement each month
since September 1, 18S3, has been as follows.
tables
a
.
’S
Year
Monthly
Receipts.
Beginning September 1.
1880.
1383
1832.
1831.
313,812
326,656
October.. 1,016,092
930,581
458,478
429,777
968,318
853,195
974,043 1,006,501
996,307 1,020,802
571,701
437,727
291,992
572,723
476,532
257,099
284,216
147,595
190,054
113,573
131,871
68,679
78,572
36,890
115,111
45,143
123
17,314
Sept’mb’r
NovembT
1,030,330] 1,094,697
Deoemb’r 1,059,653 1,112,536
January
February.
487,729
385,93?
752,827
March.
241,514
482,772
11L,755
45,918
284,519
185,523
.'
31,682
73,504
July
August...
19,504
42,299
53,336
21,837
.
April
May
..
....
Juno
595,593
13,968
30,632
Corrct’ns.
Total year IS 30,575
1379.
333,643
888,492
942,272
956,464
647,140
447,918
261,913
158,025
110,006
88,455
54,258
67,372
42,714
1873.
288,348
689,264
779,237
892,664
616,727
561,824
302,955
166,459
84,299
29,472
13,983
18,081
453
6,019,738 4,720,361 5,871,090 5,001,672 4,447,276
Ferc’tageof tot. port
rec ipts Aug. 31..
99*59
99 62
100 00
Corrections
0041
00-33
oo-oo
00-85
00-01
1C0-00
10000
10000
100-00
Total
port receipts..
•
100-0
East
India
9915
99 99
Aug. 31 the receipts at the
ports this year were 1,169,163 bales less than in 1882-83 and
130,211 bales more than at the same time in 1881-82.
The
receipts since September 1, 1884, and for the corresponding
period of the live previous years have been as follows.
1831.
2,7 bo
2,944
Sept.l
“
2....
2,546
“
3..=..
2,0 52
“
4....
“
5....
“
6....
“
7...
1832.
1883.
S.
1881.
amounts to 63*42 inches.
Bagging, &c.—The market for bagging has
quite active during the past week and goods are moving
freely. There is a firm feeling among sellers as to prices, and
it is only when a large parcel is taken that any concession can
be obtained.
The orders are not large, but the aggregate
amount of stock worked off into consumption is considerable.
The prices at the close are 9:i^c. forl*£ lbs., lOj^c. for ln4 lbs.,
11c. for 2 lbs. and ll^c. for standard grades, but 2}:>@3 per
cent discount can be obtained on large orders.
Butts are not
active in a large way, but a steady trade is being transacted
in small parcels for present wants, and sales of 1,500 bales
have been placed in lots at
for paper grades and
2 ”4 @2 13-16c. for bagging quality.
Shipping News.—The exports of cotton from the United
States the past week, as per latest mail returns, have reached
22,679 bales. So far as the Southern ports are concerned, these
are the same exports reported by telegraph, and published in
the Chronicle liust Fridtty.
With regard to New York we
include the manifests of "all vessels cleared up to Thursday
night of this week.
Total bales.
Jute Butts,
Liverpool, per steamers Arizona, 9G2
Aus¬
tral, 971
Bothnia, 1,83L....Celtic, 1,991....City of
Richmond, 2,861)
England, 1,500
Plato, 1,721
New York—To
5,037
3,490
2,S90
10,356
10,182
5,669
1,948
10,512
1 391
6,474
2,264
4,927
2,104
8.
5.868
S.
5.01'
6,169
3,396
3,< 0 4
4,969
8,191
8,143
5.636
18,859
9,039
4,493
7.637
6,105
6,105
8,131
*
S.
11 751
9,315
8,616
8.
5,151
“
8...
8.206
“
9....
5,6 16
> 10....
8.396
13,920
11....
6,214
9.486
“
12...
10,4 53 j
8,03?
“
13....
8,579
9.17.
“
14....
»*.
“
15....
16....
16,“ 90
19,205
15,283
11,742
17....
12,979
21,869
s.
18....
11,760
20....
15,397
16,996
13,104
“
21....
S.
44
on
25.009
13,195
11,087
22,166
15,703
23,120
23....
17,833
8.
17,206
19,170
15,551
13,990
29,703
30,306
20,049
17,719
“
16,593
9,606
12,733
13,03 9
17,187
16,201
19,484
23,729
“
24..
16,154
28,3 4. G
S.
15,866
,30.3 35
21,382
“
25....
27,133
8.
21,7.33
19.111
“
26....
25.439
14.3CH
19,746
21.616
22,105
S.
19,975
272,615
225,733
333,352
“
“
“
“
“
19....
!
|
256,925
Total.
Percentage ol^ total
port rec’pts Sept 26
S.
8.
11,202
5,615
7,174
8,011
18,792
13,051
8.
11,096
10,862
15,6 Hi
5,121
4,979
S.
7,036
17,797
14,674
20,812
15,117
7.069
15,628
12,215
10,742
10,370
1.3.999
8,060
21,062
16,361
16.191
8.
20,900
18,170
S.
343,231
S.
12,995
14,071
1 1,955
17,082
8.
219,636
-
r r
•
*0
03-73
07-06
05 3 2
01-97
This statement shows that the
receipts since Sept. 1 up to
to-night are now 15,720 bales less than they were to the same
day of the month in 1883 and 81,192 bales more than they were
day of the month in 1882. We add to the table
the percentages of total port receipts which had been received
to the
to
same
September 26 in each of the years named,
500
3,271
79(V
532
Baltimore—To Liverpool, per steamer Hanoverian, 3.271
To Bremen, per steamer Nurnberg, 796
Philadelphia—To Liverpool, per steamer Pennsylvania, 532...
22,679
Total....:
The
form,
particulars of these shipments, arranged in our
follows:
usual
are as
pool.
11,842
3,291
New York.
N. Orleans.
Galveston
Baltimore..
3,274*
Philadelp'a
532
Hull. Havre,
546
10
V<ra
Cruz.
Ant-
men.
Hamburg.
werp.
335
1,150
10J
Bre-
Liver-
Total.
11.283
3,294
500
500
4,070
'
796
532
Total..
100
18,912
546
10 1,131 1,150
503 22,679
Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to
the latest dates:
Antwerp-Sept. 19—Steamer Gleadowe, 370.
Savannah—For Liverpool—Sept. 25—Steamer Coniston, 7,020.
Boston—For Liverpool—Sept. 23 —Steamer Kansas,
.
Baltimore—For Liverpool—Sept. 19—Steamer Baltimore, 2,473
Sept. 22—Steamer Nessmoro
Sept. 20—Steamer Guido, 2,683
1.533.
For Bremen—Sept. IS—Steamer Ilab.sburg, 700.
Philadelphia—For Liverpool-Sept. 19—Steamer Indiana, 1,133....
Sept. 23—Steamer Lord Gough, 1,500.
23—Steamer Switzerland, 200.
For Antwerp—Sept.
Cotton
freights the past week have been as follows:
Mon.
Tues.
Wcdnei>
Oy.,,*
502*
ll«4*
ll64*
....
....
Satur.
Liverpool, steam d.
Kail...d
Do
Havre, steam—c.
Do
sail
c.
Bremen, st.,am..e.
sail
Do
c.
Hamburg, steam.c.
4,958
16,595
11,812
516
IO
335
1,150
lOO
3,291
To Hull, per steamer Marengo, 516
To Havre, per steamer Canada, 10
To Bremen, per steamers Eider, 100
Werra, 235
To Hamburg, per steamers Frisia, 650 ...Ilammonia, 800..
To Antwerp, per i-teamer Peimland, 100
New Orleans—To Liverpool, per steamer Chancellor, 3,291
Galveston—To Vera Cruz, per brig R dil, 50o
1879.
5.600
2 519
3.
1880.
5,055
7,215
3,996
cable advices from
Bombay to-day are that the crop is not doing so well, in con¬
sequence of too much rain.
The cable adds that the rainfall
at Bombay, since the beginning of the monsoon up to date,
New Orleans—For
This statement shows that up to
Prospects.—Our
Crop
been
1883.
1884.
32# Cop.
Twist.
365
THE CHRONICLE
27, 1884. J
September
sail
Do
c.
Amst’d m, steam.c.
sail
Do
Ucval,
Do
...c.
steam
d.
sail
c
Barcelona, steam, c.
Genoa, steam
Trieste, steam
An'vei p,
*
H32*
715*
7ie*
716*
7l«,r
....
....
....
....
5to*
5I5A
45 f
....
....
7;<2a
732*
....
....
5
i
....
....
....
451
45!
....
...»
732*
732*
le4*
....
Cl ©
....
V/
....
5lhA
....
....
45 j
451
732*
732*
•
k «.«
....
....
....
510A
B16*
5iga
V
*2"
*2*
V
SP
*10*
biha
V
6ig*
<JJB*
5l«*
*16*
b\ «*
V
fi*
5ie*
‘716’
516*
....
471
...
....
....
...c.
Compressed.
1130'g -*8 113.1 ® 3g* H32® ■%’
....
Fri
1
....
....
....
....
c.
steam, c.
1*32*
Thurs.
51S*
5
IS*
i Per 100 lbs.
Liverpool.—By cable from Liverpool, we have the following
&<\, at that port. We
statement of the week’s sales, stocks,
add previous weeks for comparison.
Sept. 5.
Sales of the. week
..bales.
Of which exporters took
Of which speculators took..
Sales American
Aetna] e.vport
Forwarded
Total stock—intimated
Of which American — listlin’d
Tel il import of the week
Of which American
Amount alloat
Of which American
63,000
4,0 JO
6,000
41,009
5,000
5,000
697,000
417,000
25.000
15,000
59,000
19,000
Sept. 12.
57.00*
6,00v
2,000
38.0m.
■St pi.
19
Sept. 26.
59,000
9,000
52.000
6.600
5,00.'
1.0.1*
3!» O..J(!
5 O.H
1,000
26,000
6,900
5,0 >0
650,001
3,900
622,00<
588,000
38 4,000
1 6,001
356,00*
330,000
29.00C
19,000
14,000
62,600
29,900
13,00.
65,00*.
19,00i
13,601
5 3,001
26.00C
4.000
•
THE
356
CHRONICLE.
[Vol. XXXIX.
early in the week
day of the week ending Sept. 26, and the daily closing prices there was a sharp advance, owing to a sudden and decided
of spot cotton, have been as follows:
rise in Chicago, where, in one day, the market advanced 9?.
The re-action following the semi-panic among the shorts in
Friday.
Saturday Monday. Tuesday. Wcdnes. Thursday
Spot.
both markets has carried prices down quite steadily since.
Market, ( I:
There is now said to be little short interest in September here
Steady.
8teady.
Steady.
Quiet.
regular. Steady.
12:301* M. \
and in Chicago; the real objective point of the bulls, it is
5 5l6
515I6
Mid. Upl’ds
51Bia
5i&ie
*'*19
51516
6*8
0*8
6j8
6*8
G38
averred, is November. There was a good speculative business
Mid. OiTns.
10,000
10.000
8.000
lO.oOO
10,000
6,090
Sales
here in the fore part of the week, but latterly the transac¬
1,000
500
1,000
1,000
1,000
1,000
Spec. & exp.
tions have fallen off materially.
The trade on the spot has at
Futures
no time been more than moderate.
To-day the mirket here
Unsetted
Flat at
Flat «•t
Steady at
Quiet at
Market, (
and
1-64 ad¬
3 G4.de1-f 4 de¬
1-64 ad¬
Steady.
was
dull
and
without
marked
change.
No. 2 mixed closed
12:30 p.m. \
clii.e.
vance.
irregular.
cline.
Dull
Quiet
steady at Glc. delivered, 59>£c. for September and October,.
Barely
Market, (
Weak.
but
but
Steady.
Easy.
steady.
4 P. M.
(
Rtemlv.
steady.
5834c. for November and 5134c. for December, these figures
The opening, highest, lowest and closing prices of futures at being 1}£ to 434c- lower than those of a week ago, September
Liverpool for each day of the week are given below. These showing the most depression.
prices are on the basis of Uplands, Low Middling clause, unless
Rye and barley have sold to only a moderate extent. O ils
otherwise stated.
have been fairly active only and have latterly declined.
To¬
ty*Thepriocs are given in pence and QUhs, thus: 5 62 means 5 62-64d.,
and 6 03 means 6 3-64d.
day the market was dull and easy. No. 2 mixed closed steady
at Sl^c. for September and October and 32c. for November,
I Mon., Sept. ‘JJ.
Tues., Sept. ‘23.
Sat., Sept. 20.
which are slightly lower figure? than those of a week ago.
Indian
Liverpool market for spots and futures each
The tone of the
corn
has declined of late, though
vance.
I
Open High Low. CI08.
d.
d.
d.
d.
Open High Low. Clos.
d.
d.
d.
d.
d.
5 56
5 56
5 58
5 58
5 58
5 58
5 58
561
5 61
561
5 61
gept.-uct..
5 51
5 51
5 51
5 51
5 53
5 53
5 53
553
5 54
3 51
5 50
5 55
.
...
...
...
...
.
.
•
.
.
.
....
5 48
Wintershipp’gextras.
2 8O'*
5 48
Winter
547
5 47
5 47
5 49
5 49
5 48
5 48
5 51
5 51
5 50
5 50
Nov.-Dee
5 45
5 45
5 45
5 45
5 47
5 47
5 46
5 48
5 49
5 49
5 48
Dec.-Jan....
5 45
5 45
5 45
5 45
5 47
5 47
5 46
5 46
5 49
5 49
5 48
Jan.-Feb....
5 46
5 46
5 46
5 48
5 48
5 48
5 48
548
5 51
5 51
5 50
55>
Feb.-March.
5 49
5 4W
5 49
E 49
5 51
5 51
5 50
5 50
5E3
5 53
5 52
5 52
March-Apr. 5 52
April-May.. 5 53
May- (une
June-July..
5 52
5 52
5 52
5 54
5 54
5 53
553
5 58
5 56
5E5
5 55
...
•
....
....
...
•
.
•
....
5 55
•
•
•
...
Wednes., Sept. 24.
Open High Low. Cl08.
d.
September.. 5 58
Sept. Oct... 5 52
October
....
d.
d.
5 58
5 52
•
•
5 56
5 57
...
• ••
...
....
5 56
.
....
•
# ••
•
5 59
.
.
....
...
d.
d.
d.
5 58
5 58
5 5 *
5 59
5 56
5 52
5 52
5 53
551
551
....
•
•
.
.
•
•
*
.
.
•
•
•
•
5 58
.
,
.
5 58
•
•
Open
Clot
d.
d.
d.
5 58
5 53
5 53
5 48
5 4S
551
5 49
5 49
5 48
5 46
.
•
•
•
.
•
....
•
d.
.
....
Oct.-No...
5 47
547
5 47
3 47
5 48
5 48
5 47
5 47
5 43
5 45
5 43
5 43
Nov.-Dec...
5 46
5 46
5 45
5 45
5 47
5 47
5 4'*
5 45
*544
5 44
'543
5 43
Dec.-Jan...
5 45
5 45
545
5 45
5 47
5 47
5 45
5 45
5 43
5 43
5 43
5 43
Jan.-Feb
5 46
5 46
5 46
546
3 47
54'
5 47
5 47
5 44
5 44
5 44
5 44
5 50
5 50
5 49
5 49
5 50
553
5 49
5 49
5 48
5 48
5 47
5 47
March-Apr. 5 5*
5 55
April-May
May-June..
5 52
5 52
5 52
5 53
5 51
531
5 51
5 5!
5 51
5 50
5 50
5 55
5 55
5 55
5 56
5 55
5 54
5 54
5 54
5 54
5 53
5 53
..
Feb.-Mareh.
June-J uly..
...
....
....
.
....
....
...
....
•
•
#
,
.
...
...
....
...
...
....
....
...
....
.
.
.
,
...
....
....
...
....
3 00®
4 75®
...
GRAIN.
Wheat
Corn-
-
Flour has sold
shown rather
more
patents have bet
but
mare
n
,
The better
grades of winter
rather the most in favor for the home trade,
been at all
plentiful.
To-day there
was a
moderate business at
steady prices.
a corner
There has been an advance in Paris, owing to
there, where there is a system of speculating by grade,
and the fact had
some
Wheat has been
influence
on
the market here.
in
good demand for export at^times, and
the speculation has been on quite a liberal scale. Prices have
shown
a
irregularity, and tc-day
week ago,
were
lower by
a
felt, however, in the reports of damage to
the crop
The increasing strength is due partly to
shorts and partly to purchases for long
by rust.
buying to
cover
’! he
account.
foreign markets have not afforded the Lulls
much encouragement as they could have desired, but
reports of a formation of a bull clique in Chicago tend tocheck
quite
sales
so
on
the short side of the
advance of
a
fraction.
market.
No. 2 red closed
To-day there
firm at
was
an
89J£c. deliv¬
ered, 88c. for September, 895gC. for October, 913£<\ for Novem¬
ber and 9334c. for December, showing an advance for the
week of
rise.
*2 to 2c., the later deliveries show ing the greatest
Corn.
Wheat.
Flour.
®
to
Oats.
Barley.
Rye.
Bush.32 lbs Buah.4Slbs Bu8h.5(\lb»
141419
57.377
84,191
1,649 6-0
1,227,893
233,143
45 749
208,016
24.480
33,150
133,90 S
2,920
1,230
1,784
893,0 !G
81 595
28,335
1,372
20,088.
271.933
3,004
21,753
2,251
1,238
8 0S1
81.000
7.000
33.00 )
34,353
563,62)
118.455
162.269
55.227
42,5 3
473
13 410
158.940
461,273
17,100
17,009
12,500
964,184
156,5 9
194,318
11:9,018
3,850,590
2 043.154
1,969,680
4 48 306
225,190
2,93-,839
3.364.674
1.530,446
497.997
335 300
2,7^7,415
1,238,285
901,817
328 185
120,601
1884
1.4'9 394
13,181.704
1,286 816
1.596.075
1,271.734
25,672,757
20,924 1 95
24,74 ,927
16,674.028
1883
24,1 72.275
13 356.044
1,158,729
2,308.358
11.110.578
11.524,850
8 0 428
770,250
...
Peoria
Duluth
Tot. wk. '84
Same wk. ’88
Same wk. ’82
Since July
1882
28
1.172 903
...
The comparative
shipments of flour and grain from the
same
ports from Dec. 24, 1883, to Sept. 20, 1884, inclusive, for four
years,
show
F.our
as
follows:
bbls.
1883-81.
1882-83.
1881-82.
1880-81.
7,862,092
6,381,184
5,412,605
6.430,845
39,968,231
86,611 351
44.286.535
31,769,230
38.262,415
Cjrn
64,073.804
82 278,907
5 2.116,885
Oats
3?,067,352
26,915.396
‘2.446.: >8 2
2.052,220
27, * 39.902
2.645 674
1,531 320
121 822.919
159 217.178
bush.
Waeat
Barley
3.103.962
Ryo
4,512,819
35.772,578
4.993,228
4,148.509
154,011,192
158,962.443
Total grain
Below
....
are
the rail
shipments from Western lake and river
ports for four years:
1884
Vteek
f883.
Week
1882.
Week
'Sep!. 2 1.
12 4,005
Sept. 22
Sept. 23.
Sept. 24.
07,875
146.480
133.240
483,038
443,907
668,413
1,20 6540*
0
is little confidence
to
to
to
State, two-rowed
State, six-rowed
62
33
4L
Milwaukee..
fraction than
though the tone here is becoming stronger. There
59
60
BblsAdfilbs Biish.fi0 lbs Bush.5filb.'
Spring patents have been
especially well sustained, owing to the fact that they have not
Oats—Mixed
White
No. 2 mixed
No. 2 white
...34
Bariev —No. 1 Canada
r No. 2 Canada
65
Chicago
city brands have also sold quite well at times for export to
West India and South America.
58
to
to
to
to
69
30®
32 *3 t>
31 hi to
market is indicated in the
below, prepared by us from the figures of the New
Receipts at—
freely during the week, and prices have
steadiness.
to
to
®
®
62
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. 20 and since Aug. 1
for each of the last three years:
St. Louis
September 20, 1881.
89
8J
to
to
to
54
Western Yellow
Rye—Western
State & Canada
The movement of breadstuffs to
statements
Detroit
Friday, P. M
93
to
to
®
88
62
Red winter
White
White No. 1
Cirn—West, mixed
West. mix. No. 2.
White Southern..
Yellow Southern.
Western white...
Toledo
BREADSTUFF S.
84
Spring,per bush.
Spring No. 2
Ked winter, No. 2
*
High\ljOW.
and
clear
straight
Patents, spring
• *
FrI., Sept. 26.
Open High Low. Cloa.
d.
5 59
’*
Thurs.y Sept. 2.5.
d.
•
•
5 57
3 75 ®
Minn, clear and stra’t
2 40 1 Patents, winter
$5 00® 5 50
2 7o
Oity Mill slupp'g ex.4 60tf 4 65
2 00 S juthern bakers' and
3 75
family brands
4 15® 5 90
5 CO
Soutk’n stip’g extras 3 25 ® 4 75
3 25
Rye flour, superfine. 3 40® 3 75
Corn meal—
5 00
Western, &o
3 00® 3 40
6 15
Brandywine, <fco....3 40® 3 50
....
2 10#
2 50®
2 75®
5 47
5 55
bbl. $210®
No. 2 spring...#
No. 2 winter
Siperflne
Spring whest extras.
...
Oct—Nov...
5 55
closing quotations:
are
d
5 56
....
following
FLOUR.
d.
d.
September..
October
The
Open High Low. Clos.
F our
..bbls.
.bush.
Vkeat..
Jorn..„.
Oats
.
13-.717
67.330
2,590,793
1, 752,698
2.566,493
104.223
Rye
2,291.901
Total...
The rail and lake
238 557
86,710
1,200,352
155,740
_
692 023
i. 89,585
f 6 4.143
1.266,478
78 5.897
170,548
90,013
826.162
Barley
1*81.
Week
shipments from
same
ports for last four
weeks were:
Htt/c
*.tidina—
Flour,
tints.
Wheat,
bush.
Corn,
bush.
Oats,
bush.
Barley,
bush.
,
Rye,
b ush.
211.413
2,’-5 6.018
1.500,750 1, <’27,672
1.710.7 28 1.637.145
1.778,568 1.273.789
155,749
97,3 8
41,608
2 >1.435
271.760
Aug. 30. 250.758
1,018,507
1,696,4 72 1,348,302
3 4,4 JO,
249.620
Tot.,4w. 014.607
8.706,706 6.701.5627 5.857.380
7,262,780 13,415,080 6,516,501
S
pt. 20.
197.318
Suit. Id. 217,701
Sept. 6. 230.890
4w’ks 83. 709,2-4
2.471.307
2.110,88 4
329,1*5
356.362
075,228
972,068
September 27,
The
receipts of flour and grain at the seaboard ports for the
week ended Sept.
At—
New York
Boston
Portland
Montreal
20 follow:
Wheat,
Corn,
Oats,
obis.
bush.
bush.
511.170
180.910
bush.
927 150
124,625 1 ,236,100
10,900
203,700
3,680
97.200
69,272
44.800
79.400
546,129
16,112-
16,900
8,123
25,488
71.289
3,750
4,270
40,659
27,724
Philadelphia...
18,718
Baltimore
13,632
Rye.
Barleu,
Flour,
bush.
bush
13.125 215,790
J ,500
3,475
365
3,182
••..
......
.
5,015
12,618
Newp’t News..
New Orleans...
5,110
21.905 222 335
Total week... 278,303 1,923 551
811,217 1 .257,500
Cor. week ’83.. 309.533 2, ,136,003 1.8U,034
934,632
21,155 L71 4u0
2
.
The total receipts at the same ports for the period from Dae.
24, 1883, to Sept. 20, 1884, compare as follows for four years:
1^80-81.
‘
9,318,060
9,695,771
8,223,579
bush. 46,070,292
46,197,714
05," 99,222
22.251,275
2,261,385
56.679,121
24.863,275
21 7U,182
2,313,4'5
3,102,082
1,086,127
1,033,568
139,902,678
107.656,430
180,431,568
bbls.
Wheat
Corn
Oats
1881-82.
1882-93.
1883-84.
9,26-7,793
Flour
35,580,105
22,133,677
2,45 M U
3,711,950
Barley
Rye
109,916,158
Total grain
*
73,137,150
82.436.415
21,424,172
2,< >45.253
The exports from the several seaboard ports for the week
ending Sept. 20, 1884, are shown in the annexed statement:
Corn.
Flour.
Oats.
Bush.
159.861
Bush.
Bush.
510.697
3,328
57,374
27,012
42,525
139,381
286,615
238,185
115,518
44,210
11.063
2,500
10,880
44,362
10
Trtal w’fc. 1,220,674
S’nee time
1883.
1,239,177
379,645
153,690
2,619
174,541
11,015
978,795
166,405
13,430
172,653
1,537
Wheat.
Rye.
Fean.
Bush.
Bush
.
Bbls.
New Yort
Boston.
Portland.
Montreal.
Piiilade!..
Baltim’re
N.Orl’ne
N. News.
..
.
..
2,619
6 >,515
174,541
1,535
9*480
exports is as below. We add the
corresponding period of last year for comparison:
The destination of these
Exports
for week
1884.
1883.
to—
Week,
Week,
Sept. 22.
Sept. 20.
Bbls.
Un.Klng,
Coutin’nt
B.&C.Ain
W. Indies
Brit.* ol’s
OtL’.o’nt’s
Total...
116.355
8,498
1 2.238
Week,
Sept. 20.
Sept. 22.
Bush.
Si pi
731,141
273.281
799,171
505,036
81.52 4
9.90 1
2o
991
28
*T,192
166,405 1,220,674 1,239,177
22.
Bush.
Bush.
Bush.
420.291
11,151
153,690
Week,
Week,
Sept. 20.
and last
season
11,132
5,318
2,500
89)
31.097
379,645
978,795
8.429
2,3 j2
season:
Exports since
Aug. 25. to—
18.34
1883.
1384.
.4 i/(7.
Aurj. 27 to
25 to
Sr/it. 26.
Segt. 5:52.
Bbls.
.
Corn.
Wheat.
Flour.
Bbls.
1884.
1883.
Autj. 25 to
Se, t. 20.
Au<j. 27 to
Bash.
Bush.
'
Bush.
867,072
4.001,118
3,252,507
1,014.300
2,050.817
47.585
15.224
4,265,560
2,093.841
200 614
829,856
Gl,0f$»
35.902
6in
875
173.408
West Indies.
61.744
66.614
59,691
43,- 96
Brit. Col’niet
62 711
11.510
3.122
65,504
1,272
3.005
5,491
8.551
679 075
552.188
8 270 3 '9
Un. Kingdom
Continent...
8. & C. Am...
452 227
3,565
not suit ”
Russia.—The harvest is about an average one ; the quality of all grain
leaves much to be desired. On the banks of the Dnciper t he quality is
a bit better.
Taking luO ns representing an average, the lollowiu*
shows the state of the Russian crops this year and in 1883:
1884.
18-3.1
Barley
100
170
Rye
loO
125
1881.
I Colza beans
I Linseed fllax)
| Oats
188o.
55
ICO
100
21
100
4G
that of la-t year, both quality and weight being good. The
lie said of bat ley. The quantities giown of these, cereals will
be barely sntlieient lor the wants of the country, and a little will have,
to be imported.
Switzerland.—'The crop reports state, that the result is a go id harvest*
Potatoes are very good, but beans are a poor crop.
Wheat is the great
crop of the year, the quantity being above the average, and the quality
and w eight very good. Oats are a poor crop for quality, but about art
average yield.
Turkey.—'Throughout the Turkish and Danubian provinces there will
up to
may
same
1 e a satisfactory yield of all cereals, while the quality and weight will
also be good.
Maize is a good hat vest, but as only a little is sown there
will not be much lor export. Rye is an average yield, of good quality.
Barley is a medium crop and of bad color. B< nils are an abundant crop,
colza bean- bei g a small yield, but of good quality. Throughout the
whole of the Danubian provinces wheat is a gcod average, both for
quality aud quantity, especially in Upper Roumania. Maize is a good
crop. Oats are an abundant crop, of good quality.
Rye is *
good crop also. Except, for color, barley leaves nothing to be desired,
the quality b< ing excellent and the grain weighty. The reports from
Asia Minor, Syria and Cyprus show that the harvest in those regions )?
better even than in 18-3, when it was good.
.
Bash.
by the crops is about the same as in
and after this come oats, barley and
Wheat, oats and barley are all three
rye. Maize is very little grown.
exceptionally good crops,"amt the quality of the grain very high. Rye.
also, is an exceptionally good crop in every respect, while the potato
harvest is above tin*, average, the quality of the tubers being good.
Italy.—In Tuscany the. harvest is inferior for quality and medium for
yield. Maize is here a good crop, of satisfactory quality. Over the rest
of Italy, wheat, barley and oats are good and the harvest is generally
spoken of as superior by a quarter to the harvest of 1883. B irley is of
bad col *r. It is cui imis to read, however, that throughout this country
the sowings of cereals are every year diminishing, “ as the price does
.yielding
1883
Au'j. 25 to Awj. 27 to
Si pt. 22.
Sep 20.
Sept. 22.
Austria-Hungary.—Bo far as tlie acreage of the crops is concemel
wheat, rye ami maize arc about the same as last year, hut bailey and
oats show a slight decrease. Wheat is a good harvest, both for yield
and quality. Oats are a good crop, and weigh from 39 to 48 kilv
grammes per hectolitre.
Maize is good for yield and quality, and the
same may bo said of rye, the latter grain being weighty, and nmniaft
from 72 to 70 kilogrammes per hectolitre. The weight is not so good a*
last year, and the same must be said of barley, which is a medium crop.
Belgium.—The reports say there is a glorious harvest. The acreage
sown is about-tlie same as last year for all crops.
Potatoes are a goo.l
Wheat is good both for yield and quality, the weight of the grain
crop.
being exceptionai'.v heavy. Oats are only an average crop, and are
light in weight, while rye leaves much to be desired so far as quality is
concerned. Bariev is under an ave age for yield, but of good quality-.
France—The wheat crop is superior to any crop of which a record is
given. The reports from the various departments bear out this view, ail
speaking ofdlie yield as good and ltrge, and the quality of the grain
excellent. The urea of wheat is also up to the uveiage, and altogether
this crop is pm bans the most satisfactory one of the year. As far as
oars are concerned, the present year is a good one, though not so good
as some recent crops.
The maize crop is inferior to that of la-t year
and also to that of 1882. In 1S8L this crop was almost a failure. The
rye crop is a good one this year, but not sogoi d as the magnificent crops
of 18S2.and 1880. The Parley crop this year is fairly good, and the
reports speak of the grain as weighty, though somewhatdiseoiored. The
crop is not, however, tit till equal to the grand crop last year, or to that
of 1880.
Looking at all the evens so far as the present year is con¬
cerned. France has a fairly good yield, but for no crop can it'be said that
the year is extraordinarily prolilie. A year that is all-round ‘ good’ will
not
73LS80
200,027
By adding this week’s movement to our previous totals we
have the following statement of exports since September 1,
this
Marseilles, has pub¬
the Northern Hemi¬
extract the following:
90
120
It will thus be seen that while there are no extraordinary crops this
year, the harvest is generally an average. The oleaginous crops are all
described as poorer than the cereals, but there is not hero the very gen¬
eral failure that had to be reported last. year.
Spain.—The reports state that the wheat crop is an average, one. but
1883.
1884.
1383.
Bbls.
106 916
6,0? 6
25 678
17,734
9.454
1881.
Week.
sphere, from which we
Wheat
Corn.
Wheat.
Flour.
European Harvest.—M. Etienne, of
lished his usual report on the Harvest of
be the verdict.”
G rmany — The acreage sown
1883. Wheat is the chief crop,
&
Exports
from—
35 T
THE CHRONICLE.
1884.J
THE
DRY
GOODS
67.417
TRADE.
Friday, P. M„ September 20, 1884
sluggish movement in dry goods the past weekwas somewhat disappointing to
*—1
Even
The visible supply of grain, comprising the stocks in granary manufacturers’ agents, importers and jobbers alike.
the order demand was not up to the average of former weeks,
at the principal points of accumulation at lake and seaboard
ports, and in transit by rail and water, Sept. 20, 1884, was as and reports from many of the interior markets were scarcely
follows:
satisfactory, trade at some of the principal distributing points
Corn,
Wheat,
Rye.
Oat*,
Barley,
In store at—
bush.
bush.
bush.
(rush.
bush.
in the West having relapsed into a comparatively quiet con¬
New York
379,164
608.884
1.982
4,381,210
15,650
dition.
Some failures have occurred in the jobbing, clothing
Do afloat (est.)
6 76,7.5 J
1 6,143
263,416
105,000
209,562
9,000
3 5*1
1,000
29,000
Albany
8, -.00 and cloak branches of the trade, and this has had a depressing
B iflalo
CO.) 687
495
18.01 8
235,224
21,067
Chicago..
314.79/
43,2.0
3,553,862 1,630.09 4
influence, besides which another large auction of flannels has
124,743
Oth. countr’s
Tor hI
38 1,46.)
615.284
Newp’t News
Milwifcune.t-.
D.ilutb
......
Toledo
Detroit
Oswego
8t. IjOims
Cincinnati
Boston
Toronto
133,919
239,504
1 1.19.)
136.382
60 500
259,93 4
5 ,139
83,730
51,9o6
2,710
56.904
152,100
480,662
Baltin.ore
Djwn Missisa p,i.
770.701
r8.027
On rail
On lake.
On canal
Tot. S q>t.20, ’84.
Tot. S**i t.' 3. >4.
Tot, Sept 22 ’83.
Toi Srpl.2'3, ’32.
Tot. Sep.. .4, ’61.
22,312,65 l
20.128.862
035,04
loo
33.365
46,516
>
20,824
8-.728
60 070
22.9 0
55, 05
-
51,6oO
6,297
4,743
f,23>
22,610
737 4 4 4 1,10 4 09 4
636,7 80
2,596
30/ vO
3 661
441
631
662
.
^
17.861
3 500
^
4,216
14,80 1
21.912
155,749
203,000
229.770
5.418,938 3,611,560
5,07 2.012 2 8 29,396
34.331
5.405
24,767
2,108
5,070
1,957
79.*'76
209 544
17,857
705,(4)0
27.375
267
41.6 *3
90,845
22.668
130.8 >3
800
26,171,613 15,692.061 5,700,046
218,517
150,900
189.300
447,563 1.127.262
189.345
815.481
610,238 1,697.3 13
6,700,538 5 76 ..70 2
328.584
7
19,651,8 LI 2 4,9^/8,683 6, 137,203
875,0.1
829,929
13,287,951
There
was a
and the volume of business
tended to retard
0.785
the restoration of confidence.
The sale of
comprised 0,491 cases, and the entire line was disposed
well distribted among buyers for all sections of
the country, but at low average prices. Values have not under¬
gone any material change, and in spite of the great curtail¬
ment of produciion which has lately taken place there is cer¬
tainly no im roveinent in pricer.
Domestic Cotton Goods.—The exports of domestics for the
week were 1,303 packages, of which 309 were shipped to Great
Britain, 202 to Brazil, 200 to China, 148 to United States of
Colombia, 81 to Venezuela, &o. The demand at first hand?
was steady but moderate, neither jobbers nor converters hav¬
ing shown the least di-position to anticipate future require¬
ments.
Brown sheetings were mostly quiet, and there was a
limited demand for bleached goods, wide sheetings, cotton
flannels and corset jeans.
Colored cottons were lightly dealt
flannels
....
424,561
10,393
1.014,076
1.9 1 1,500
1,661,918
4
■
2,1-6 7.0
Indianapolis
Kansas City
1.451,806
141,248
0.8,159
1,484.606
119,551
„
'
1
Montreal
Philadelphia
Peoria
2,565
5 35 '.283
of
and very
Saturday.
Monday.,
Tuesday.
Wed’day.
Thursday
Friday....
j
j
|
|
|
j
Total..
Quiet
Dull.
3-30
and
for
1
Total Ent’d
Sa.es
steady.
W.Cot n o l!' [Total Efontr’d Total
Flax Silk Cot n Wool
Total
on
....
Price
....
....
Sales
....
Dull.
3-30
and
Sales
steady.
3-SO
Easy.
Easy.
..
Sales
Sales
Price
-....
Sales
Price
.
Sales
....
Price
Dali.
3-30
Dull.
Sales
...
Price
....
Price
....
•
•
•
of—
•
....
Price
....
Sales
....
Price
....
Sales
•
•
....
•
•
GO
© tO
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Dull.
[Price 325 Price
Tales 5,C05 Sales
Dull.
8-20
....
r•
....
....
Price
....
....
Sales
....
jprico
Dull.
3-30
....
Sales
1
....
•
•
•
ol—
JO
JC
co¬
M ©
© ©
tv C5
co
...
Sales
....
Price
....
Sales
....
....
....
Sales
....
....
1
!
i
5,000
......
..
Transferable Notices—Saturday,
3‘i5; Monday, 3 25; Tuesday, 3*25; Wednes¬
436,73
was
a
limited call for satinets and
request, and wool hoisiery was in
and drawers ruled very quiet.
Foreign
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BOSTON.
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AGENTS FOR
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Chicopee Mf;r.
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Co.,
And all kinds of
COTTON
CANVAS,
Freeman ahir. Co.,
Phillips, Jr.
Fitchburg Worsted Co.,
FELTING
UNITED
A full
Continental Mills,
STATES HUNTING CO.
supply, all Widths and Colors, always
No. 109 iluanc Street.
3s»’>air.v
$j \
ti&Tslf*
Direct Line to
IS 55.
in stock
.nvjMwwaaa
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lUhKjjj- ^ 37 Thomas Street.
CAR
Also, Agents
Lincoln Mills.
Yrn>x-
DUCK,
COVERING, BAGGING, RAVENS DUCK, SAIL
TWINES, &C., “ONTARIO” SEAMLESS
BAGS, “AWNING STRIPES.
FOR
3I1£. Co.,
Hlfji. Co., .lames
©
COTTON SAILDUCK
SHEETINGS,
DENIMS, TICKS, DUCKS, &C.
SELLING AGENTS
©
Manufacturers and Dealers in
SHIRTINGS
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Brinckerhoff, Turner
Philadelphia,
SELLING AGENTS FOR LEADING
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(Commercial (Cards.
France.
GENERAL TRANSATLANTIC CO.
NEW VOISSt tm-J. HAVKE,
§ e st r s
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From Pier (new) 42 North River foot of Morton St.
Travelers bvthls line,avoid both trunsit. by English
STATIONER AND PRINTER,
Railway and the discomforts of crossing the Channel
Supplies Banks, Rankers, Stock Brokers and Cor¬
small boat
pora; ions with complete outfits of Account Books
ST. GERMAIN, Treuh.. ...'
Wed.. Oct. T, 2 P. M.
EUGENE R. COLE, Successor to
Cole,
ISottvccn
*n u
! and stat ionery.
I
ifi/" New concerns organizing
! dors promptly executed.
Ko. I
will have tlicir or-
W8LI.I4S1 STREET,
(HAlS'OVnit
SQUA1IK.)
.
N, S A. M.
15.2 P. M.
To Havre—
First cabin, $100 and $S0; second cabin, $HQ; steer£20—including
and
utensils.
Re¬
ki;e,
wine, bedding
turn tickets at very reduced rates. Checks on Banque
Transatlantique, Havre and Paris, in uxuuuntstosuit.
S'l’. LA L KENT, Do .1 missel in... Wed.. Oct.
Nt ilLM ANDI E. ITtiuguel
Wed,, Oct.
Price ok PASSAUi-—i including wine):
Special Train from Havre to Paris.
The Compagnie Generale Transatlantique delivers
at its oltice in New York special train tickets from
Havre to Paris. Baggage checked through to Paris
ib
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Drills, Sheetings. <£c., for Export Trace.
SAWYER A: CO.,
15 ClIAUNCKV STltLKT.
STREET,
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RUCTEivSORS TO
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Joy, Lincoln &c Motley,
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specialties in imported fabrics at first hands, but the
general demand was comparatively small. .Fine black silks,
OFFERS
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goods were slow of sole, but fancy and
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unsatisfactory demand for men’s-wear woolens, worsted
suitings and indigo blue flannels alone having been in the least
degree active. There was, however, a fair business in miscel¬
laneous woolens; Jersey cloths and stockinettes were fairly
active, and considerable transactions in ladies’ cloths, tricots,
plaid sackings, &c., were reported in some quarters. Ken¬
tucky jeans remained quiet in first hands, and there was a
to
to
to
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Flax Silk Cot n Wool
Total
|
Quiet
day, 3*23; Thursday, 3'25 ; Friday,
The
Flax Silk
M
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e
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port. forusmpt.
market. ! consumpt
tlie
t
....; Price
Sales
Price
importations of dry goods at this port for the week
January 1, and the same facts
the corresponding periods of 1883, are as follows:
The
ending Sept. 25, 1884, and since
■
•
attention, and staple fabrics were
some
Importations of Dry Goods.
November. Total.
October.
September.\
Tone.
Price.
Tone.
in moderate
demand. Men’s-wear woolens were in irregular request, and
linen goods, laces, embroideries, hosiery and gloves were more
or less quiet, but fairly steady in price.-
with
at
]
Futures.
Spots.
EXCHANGE
Fancy dress goods continued to meet
done in velveteens.
was
SALES OF FUTURES.
MARKET.
steady request, and a fair business
plushes and velvets were in
in, aside from checks, ticks and blue denims, in which a mod¬
erate business was reported by leading agents.
Print cloths
ruled quiet, and prices have receded to ol±c, less 1 per cent for
64x64s and 2?/c. for 56x60s.
Prints were in light and irregular
demand, and the outlook is so far from encouraging that sev¬
eral of the Rhode Island print works are about shutting down
for the season.
Ginghams were mostly quiet, and a small
business was done in plaid cotton dress goods.
Print Cloths.—The following shows the course of , the
market during the week:
COTTON
[Vox- XXXXX.
CHRONICLE,
THE
353
Before buyimr vnur Cn p< ts, Linoleum,
Cloihs or
Mailings, call at KEN DA L
Oil
IAS
Fulton St., basement
plat e in tin* city. 'If not con¬
Carpel Store, 1 i I
lioor.
('In apt st
venient to call, send
for samples.
at least two
hours'before the departure of
LOUIS DE
a steamer
BEBIAN, Agent,
Nc. G B
^wllnsc Green.
@FedFRASER