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MERCHANTS’

HUNT’S

MAGAZINE,

9^3Pt«fclg DUwsspape*,
RE PRESENTING

THE

INDUSTRIAL AND COMMERCIAL INTERESTS

OF THE UNITED STATES.
■■

;

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-

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NO. 953.

SATURDAY, SEPTEMBER 29, 1883.

YOL. 37.

I

CONTE N.T 8

.

pression that has so long prevailed, together with the large

surplus goods that had accumulated, played
part in causing the suspensions, and doubtless also
many dealers felt apprehensive of further failures for that
reason.
But it appears that at least one of the houses was
brought to grief through operations entirely foreign to the
legitimate business in which it was engaged. The collapse
stock of

THE

The Financial Situation

CHRONICLE.
329 Monetary

&

Navigation—Oregon

Trans-Continental

331

Tlie%Iighway to India

Commercial

and

334
Commercial and Miscellaneous
335
News

English News

Northern Pacific--Oregon Rail¬
way

some

333

THE BANKERS'

GAZETTE.

Quotat ions of Stocks an d Bonds

Money Market. Foreign Ex¬
change, U.S. Securities, State

338

33G

New York Local Securities.... 339
Railroad Earnings and Bank
310
Returns

or

Range in Prices at the N. Y.
Stock Exchange
337

Investments, and State, City
341
and Corporation Finances..

same,

naturally followed from the failure of the house

which

was

Railroad
and
Stocks

Bonds

THE

Commercial Epitome
Cotton

and

COMMERCIAL

TIMES.
350

314 1 Breadsturts
3 45

351

Dry Goods

embarrassment of the other firms connected xvith the

It does

first to succumb.

that these failures in the woolen
accepted as showing that the dry goods
trade in general is in an insecure condition. Those who
The Commercial and Financial Chronicle is 'published in confine themselves to the pursuit of their legitimate busi*
New York every Saturday morning.
ness occupy a much better position than those who seek to
[ Entered at the Post Oitice, New York, N. Y., as second-class mail matter.]
acquire wealth by a resort to speculation in things outside
not

appear

be

trade

must

their

trade.

%he dxrmxiclc.

TERMS OF

SUBSCRIPTION-PAYABLE

IN ADVANCE:
$10 20.

For One Year (including postage
do
For Six Months
Annual subscription in London (including postage)
Six mos.
do
do
'
do

£2 7s.

8s.

identified.

Subscriptions will be continued until ordered stopped by a written
order, or at the publication office. The Publishers cannot be responsible
lor Remittances uuless made by Drafts or Post-Office Money Orders.
Liverpool Office.
The office of the Chronicle iu Liverpool is at No. 5 Brown’s Build
lngs. where subscriptions and advertisements* will be taken at the
regular rates, and single copiesrof the paper supplied at Is. each.
A neat file cover is furnished at 50 cents: postage on the same is 18
oents.

B.

DANA.

FLOYD.

WILLIAM B. DANA & CO.. Publishers,
19 & 81 William Street, NEW YORK.
Post Office Box 958.

facts

THE

FINA N CIA L

these

latter

become

Thus

the

embarrassment

of the

Shaws in

become

thoroughly understood, any suspicion of
general unsoundness in this branch of business will be

SITUA TION.

The

general outlook may be regarded as improving.
The crops are either harvested or out of danger; mer¬
chants have some basis upon which to calculate the proba¬
ble business of the season ; money is easy and likely to
continue so ; exchange, which has lately been quite firm,
is now a trifle weaker and, in the opinion of conservative
bankers, is almost certain to decline as the volume of
domestic exports increases ; railroad earnings continue
very satisfactory, and the August statements of the
Philadelphia &' Reading and the Pennsylvania, issued
this week, have been particularly favorable.
What
is now needful is confidence on the part of capitalists
and speculators in the future of the various markets, and
assurance that the liquidation in the several
branches of
trade is nearly at an end,
.This confid nice was, fora time, somewhat impaired this
week by the failures in the woolen trade.
The general
impression Lad been that the dry goods interest was on a
solid foundation, and that while business in that line had
suffered from the influences affecting all other trades, any
change was likely to be in the direction of improvement.

later

Boston, although directly caused by speculation, was laid
against the leather trade in general, and now this trouble
of the woolen houses is used as an argument to prove
that the dry goods trade is unsound.
There is no good
reason why confidence should be unsettled by the events
we have
referred to, and it is probable that when tBe

Volumes bon ml for subscribers at $1 00.

WILLIAM
JOHN G.

or

embarrassed, but it usually happens that their failure is
charged against the trade with which they are particularly

6 10.
1

Sooner

removed.
An

encouraging feature in the commercial and finangains in earnings reported
by our leading transportation lines. That is not only afavorable influence to the railroads, but is also note¬
worthy as reflecting an active distribution of goods and a
fair volume of mercantile trade.
The figures that have
cial situation is the continued

this week attracted the

most

attention

are

those of the

Pennsylvania and the Philadelphia & Reading.
The
Pennsylvania on the lines east of Pittsburg and Erie
records a gain of $104,201 in gross, which is accompanied
for the first time in many months by a decrease in expenses
—noteworthy for that reason, though it amounts to only
$5,501—so that net earnings exhibit a gain of $105,702
over
August, 1SS2. That does not appear very large in
itself, but its significance lies in the fact that both gross
and net earnings last August were extraordinarily heavy.
The gain in gross then was$SGl,20l and in net-$588,350.
In both cases this has, it will be seen, been improved upon
this year, and the net earnings of $2,142,022 for August,
1883, compare with net of only $1,444,504 in August,
When the failures were first announced, many were super¬ 1881, an increase of nearly 50 per cent in two years.
The Philadelphia & Reading, on both the Railroad and
ficially inclined to attribute them to some general cause
underlying the whole trade.’ Doubtless the general de- the Coal Company, reports net earnings of $2,052,578 this




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330

THE

CHRONICLE.

against $1,171,299 in August 1882, an apparentgain
of $881,279; but out of this should be taken the net earn¬
ings ($091,121) of tiie Central of New Jersey, which are
included in this year’s total, but not in last year's, and that
would leave the actual gain over 1882 $190,155. The net
earnings in the latter year, it should be said, were about
$17,000 above those of 1881, so that the present improve¬
ment is continuous, and not merely a recovery of what
was lost in 1882.
In addition to the gain of $190,155 on
its own lines this year, the Reading also realized a profit
(according to 'the report) of $239,081 on the Central of
New Jersey lease above the rental paid the same, which
makes the total increase over August, 1882, $429,236.
The Erie has also published a statement this week, but it
covers only the month of June.
This shows a small loss
($70,139) in net as compared with the corresponding month
year,

further offset to this we have the
gain in the provisions exports, which for August, 1883,
aggregated $12,060,061, against only $6,237,317 in 1882.
It is scarcely reasonable to dook for large imports of
gold so long as our breadstuffs exports remain small, and
the cotton movement is not heavy.
Still many bankers
expect the influx to begin early in November, though even
the most sanguine admit that the import will be light,
unless indeed there should be a good demand from
Europe for American securities, which at the moment does
not seem likely.
As we have previously stated, there is a
steady inquiry from.abroad for first-class American rail¬
road properties, but recent events here have tended to dis¬
courage purchases of purely speculative stocks.
The fol¬
lowing shows relative prices of leading bonds and railroad
shares in London and New York at the opening each day.
10 millions ;

in 1S82.
event

of the week has been the reduction of the

England rate of discount from 3} per cent, at
which it has remained for a fortnight, to 3 per cent.
That action,
however, was not unexpected.
Money
has been ruling at about 2-J per cent in the open market
for the past two or three weeks, and as the Bank has
steadily gained bullion notwithstanding the reduced rate
and as it is now in a strong position in this respect, the
maintenance of a rate more than 1 per cent above that in
the open market was entirely unnecessary.
Under the
operation of the 4 per cent rate the Bank gained nearly 3 J
million pounds bullion, and it is scarcely reasonable to
expect that it will lose that amount by shipments to foreign
countries in payment for needed breadstuffs in the
immediate future.
Should, however, the drain upon the
institution be greater than is now expected, an advance in
the rate of discount can easily be made.
Exchange has been firm, in consequence of the scarcity
of commercial bills, though at the close yesterday the
tone was 'e little less strong.
The demand from bankers
lias been sufficiently large to absorb all the offerings.
The reduction of the Bank of England rate caused a lower-,
ing of the nominal price for sight sterling on Thursday,
and on Friday, as already stated, the market was some,
what weaker.
The inquiry for bills to cover drafts made
sixty days or more ago, to which we alluded last week
shows indications of abating, and some renewals have
been made, so that it is probable that very shortly the
demand will become less urgent.
Then the course of
the market is expected to be downward, but this depends
upon the export movement of staples.
Now cotton and
breadstuffs are ruling relatively higher here than abroad,
not so much because of speculative manipulation in this
country as in consequence of a steady decline in prices
in Europe, the depression in cotton manufactures affecting
that staple and the abundant supply of breadstuffs, augmented from the European harvests, causing a fall in wheat.
Very likely Europe will have to buy freely of our wheat

and

as a

Sept. 25.

Sept .24.

•

An

[Vol. XXXML

Sept. 20.

i

Sept. 27.

Sept. 28.

Lond'n N.Y. Lond'n N.Y. Lond'n N.Y. Lond'n N.Y. Lond'n N.Y.
prices* prices. prices.* pricet. prices.'* prices. prices.* prices. prices.* prices.

Bank of

..

U.S.4a,c. 119-31*

IT.S.4J4S.

113-23

3P13

Brie

118-94*

12014 119-43* 120% 119-55* 120

11

oj-.f

11335

11 •■<?••>

113-35

113*4

31-25

o\H
cm

31-13

cm

31-41

94-62

94 02

01*4

35-45

129-30

128*4

129-05

128*4

13002

129

13014

115-78

11'U
50.>4
2\%

115" 17

114

11011

1154*

110-39

N. Y.C..

110/15

Reading

25 29!

30)a
941*
12S>£
11554
49 H

Ont.W’n

22-13

21*4

22'13

St. Paul

105‘5?

105 M

105-81

2d

con.

9462

ill.Cent.

129-65

.

120%

25-291

24-931
22-13
105-Si

49-X

113-47

114

25 Osl

3'14
94*1

51

11992*

121 %

11P07

114

31*69
9545

2029

#31%

r

Ssi'-TO
2203
21fc
22*1
ion* 103-24* 102-)** 103-48

94 %
129*4
115%
52*4
22%
103%

ffixch’ge,
4-80*4

4-80*4

cables.

4-8 7

4-P014

4-87

♦Expressedin tlieir New York equivalent,
t

Reading

+

Ex-interest.

on

basis of $50, par value.

Money on call continues unchanged, but there is a little
better inquiry for time loans, although not sufficiently
urgent to make any material change in the rates. The
movement of money to the interior this week appears to
have been in part to near-by points, a fair amount going
eastward.
The following statement, made up from returns
collected by us, exhibits the week’s receipts and shipments
of currency and gold by the New York banks.
i

Week

Ending Sept. 28, 1883.

Currency

-.

Gold

SI0.000 of this

Shipped by

! N.Y. Em ties.

N.Y. Bunks.

.j

*$1,700,000
320,000

§883,000

|

Total gold and legal tenders
♦

i Received by

was

.!

§883,000

transferred in the

'

$2,020,000

Net Interior

Movement.
Loss.
Loss.

§817,000
320,000.

Lo3S.$l,137,000

shape of silver certificates by

deposit of gold in the Sub-Treasury.

a

The above shows the actual

ings of gold and

changes in the bank hold¬
caused by this movement to and

currency
In addition to that movement the banks

from the interior.

have

gained $100,000 through the operations of the
Sub-Treasury. Adding that item, therefore, 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.
In instituting comparisons, however,
with the bank
return, it should always be borne in mind that the Clear¬
ing House statement give?, not the actual holdings of the
banks on the day the return is made, but merely an aver¬
age of the same for the six days preceding, -while our
later on when stocks have been worked off to a consider¬
figures are intended to show the changes from, one Friday
able extent, but meanwhile she is, as has been aptly said,
to another.
in the position of a man who has just had an excellent
dinner and could not possibly take any more, even if it
ircelc Ending Sipt. 28, 18S3.
Change in
! Into Bunks. Out of Banks
i Bank Holdings.
should look ever so inviting.
It may be. therefore, Banks’ Interior Movement, as above! $883,000 $2,020,000
{ Loss.$1,137,000
Gaiu.
100,008
that we shall see a further fall in prices before the staple Sub-Treasury operations, net
100,000
Total gold and legal tenders..... i
$983,000
$2,020,000 ! Loss. $1,037,000
goes out in any considerable quantity.
On what a small
The stock' market has been strong and higher latterly,
scale our exports are at present is shown by the publica¬
tion this week of the Bureau of Statistics'figures for the but was unsettled and generally weak until Wednesday
The speculators for a decline vigorously as¬
month of August, according to which the .value of the afternoon.
wheat and flour shipments reached only 14 J million dol¬ sailed the Yillard slocks on Monday morning, following
lars this year, against 28-} millions last year.
There wras, this up by a raid first upon the coal properties and then
however, a gain of three million dollars in the exports of upon the Vanderbilt specialties. On Tuesday, under some
corn, which cut the total loss on breadstuffs down to about inside support to the Northern Pacifies, the market
-

.

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r

September

*

*^'wvfV:* •" < r'VJ £.,-■*£»w.-v-•-■{■•'*' '-a'^";..

THE

29, 188S.J

381

CHRONICLE.

early in the afternoon the news
the woolen houses above referred to

opened better; but

m

1'7

PACIFIC— OREGON RAILWAY
NAVIGATION—OREGON TRANS-CONTI¬

NORTHERN
8

d
failure of
NENTAL.
had an unsettling effect upon the whole list, the specu¬
In view of the prominence that the stocks of these com.
lators for a fall making the best of their opportunity to
have recently assumed in the stock market, there
force prices down.
There was a recovery by the close panies
is a great desire t.o get some intelligible statement of their
of the day, and a decided improvement in the tone at the
affairs.
The report of the Oregon Railway & Navigation
.opening on Wednesday. In the afternoon of that day the
Company has not yet been published, but we have had the
upward movement became general, and the market, with
reports of the Northern Pacific and the Oregon Trans¬
some exceptions, closed strong. On Thursday, though there
continental—both for the fiscal year ended June 30—and
was slight weakness in the morning, the market recovered
with these as a basis, and from other information of later
and a further advance in prices was established, which was
date, a tolerably correct idea can be given of the position
not fully maintained, however, through Friday, the close
of the various companies that go to make up what is gen¬
on that day showing some reaction, owing to
a tolerably
Quite a
well authenticated report that the Northern Pacific Com¬ erally designated as the Ahllard combination.
number of attempts have been made in different journals
pany would put out a new issue of bonds to amount of 10
to enlighten the public on the status of these roads, but
or 15 million dollars with which to retire floating debt
the writers have almost invariably failed in their purpose
and for other purposes.
because they have treated the system as one gigantic
Among the influences favorably affecting prices this
whole—instead of in separate parts, each having its own
week was the declaration of the usual quarterly divi¬
liabilities and advantages.
In the present article the
dend on Lake Shore, and the election of a
pres¬
ident of the Denver & Rio Grande.
The large in- standing of each company will be considered by itself, and
it will be our purpose to give the facts, as far as we have
crease
in the earnings of the Louisville & Nash¬
ville induced the shorts in that specialty to cover, them, without making estimates or drawing conclusions for

of the

chief reason for the
advance
in other properties, though Philadelphia &
Reading was favorably influenced by the excellent state¬
ment for August, already referred to.
On Thursday
afternoon the report was current that a new pool had been
but

manipulation

the

was

determined advance in

formed, the objective point being a

prices, particularly in the Villards, Vanderbilts and Southwesterns, and this story may have induced some of the timid
speculators to cover their short contracts. The aid of the
investing public and of non-professional speculators would
doubtless be welcomed at this particular juncture, but
there is no evidence that it is being offered.
The Bank of England reports a gain of £137,000
bullion for the week, but as £270,000 came from
abroad, £139,000 must have
gone to the interior.
The Bank of France gained 1,225,000 francs gold and
lost 1,000,000 francs silver during the week, and the Bank
of Germany since the last report shows a decrease of 9,580,000 marks. The following indicates the amount of bullion
in the principal European banks this week and at the
corresponding date last year.
S.pL 21\ 1883.
Qold.

Silver.
£

£

Bank of

24,355.381

England

i

Gold.

Silver.

£

£

21.982,775

39,030,924 41,111.907 39,737,172 45,620.249
7,214,000 21 ,G4‘2,000 0,414,750 19,244,250

Bank of France

Bank of Germany

70,000,305 02,753,907 08,134,097 04,804,499
70,540,173 (53,170,792 68.432,104 05,817,145

Total this week

Total previous

t

Sept. 28, 1382.

week

The Government bond

market has been very strong for

the

future.

Oregon Railway & Navigation Company is, with¬
out doubt, the strongest and least encumbered of the
three, financially.
It has had a life of only about
four years.
It is a composition of ocean lines, river
lines, and railroad lines, controlling, almost the entire
carrying trade in that section of the country. The Pacific
Ocean, the Columbia, Willamette and Snake Rivers, and
the railroad lines in Oregon and Washington Territory,
constitute the field of its operations.
The material out of
which the Navigation Company was formed did not
The

promising—the original companies were
nearly all in financial straits, owing to the violence of the
competition that was carried on between them—but the
present company has enjoyed an uninterrupted period of
prosperity. Its earnings have increased quite remarkably,
and every step in its career has been attended with
appear

very

success.

-

in
securing financial means when needed. In furtherance
enlargement of the objects for which the company was
formed, it lias frequently been necessary to provide
The

company

has never experienced any difficulty

or

each time the money was readily
forthcoming. And the money was raised not on increased
issues of bonds, but by the sale of new stock.
The

additional funds, but

capital, which originally
increased

to

12

aggregated s:x millions, was

millions in

1880-1, to 18 millions in

been increased to 24 millions in
1883.
It was possible to raise money in this way, because
the shares commanded a large premium, and stockholders
188.2-2. and

has

now

privilege of taking the new stock at par.
The amount of bonds outstanding is the same now as at
the organization of the company—$6,000,000—and this
constitutes the strong feature in the position of the con¬
cern, for it gives light fixed charges and leaves the bulk
of the profits for the stockholders.
Six per cent on the
six millions bonds calls for $360,000, in addition to
Treasurer received the following from the Custom House.
which there are $1,200,000 scrip certificates at 8 per cent,
Consisting of—
calling for $96,000 more, or $456,000 altogether. This
Duties.
Bate.
Silver CerGold
JJ. 8.
comes out of net earnings, before dividends
on stock.
ijOLCk/9
tifi cates.
Notes.
Ccrlif.
As already remarked, the report for the last fiscal year
$83,000
$15,000 $27,000 $452,000
$582,234 14
Sept.21...
07,000 has not yet been published, but net earnings, as given
289,000
37.000
11,000
»2 °
404,342 30
280.000
97,000 monthly, aggregate about $70,000 more than in 1881-82,
32,000
9,000
24
423,300 88
71,000
407,000
27,000
12,000
25
510,993 48
On this $2,400,when the total was about $2,4 00,000.
01,000
332,000
21.000
10,000
20...
424,301 12
82,000 000 net earnings in 1S81-82 there remained a surplus of
493,000
15,000
19,000
27...
009,302 37
$400,000
$649,059, after paying dividends and all other items.
$72,000 $103,009 2.259.000
Total. $2,900,531 35

These are scarce, being
pretty firmly held by investors, and any urgency in the
inquiry tends to sharply advance the price.
The Assay Office paid $68,184 through
the SubTreasury for domestic and $75S,993 for foreign bullion
(francs from Europe) during the week, and the Assistant
the

long-date issues this week.

■

■.

.

u

«<

a

“

“




-

had

the

332

THE

CHRONICLE.

[Vol. xxxvn.

But this included

The future earnings of the Northern Pacific and
only $1,296,000 for dividends, whereas
the sum must have been nearer the percentage of its operating expenses are yet in
$1,800,000 (10 per cent on $18,000,000 stock, though doubt, but the officers of the company estimate the
this 18 millions did not countin full the whole
year), besides earnings at 15 millions gross and 6 millions net for
which interest on the scrip certificates was $16,000 below the first 12 months
succeeding the opening of the road.
the full amount; so the surplus in 1882-3 was much less The land
grant is very large and the sales for the late
than in 1881-82.
fiscal year reached $3,392,831, but in the income account
In the current year the requirement for dividends will
only $1,511,316 cash is credited as revenue therefrom,
be larger, since there is now 24 millions stock outstand¬ and a
large part of the land sales are necessarily on
ing, calling for $2,400,000.
In addition, allowance time.
should, we presume, be made for the lease ‘of the prop¬
The Oregon Trans-Continental is the most
complicated of
erty of the Northern Pacific Terminal Company, in which the Villard companies, as it is the one about which the pub¬
the Oregon Company has a 40 per cent interest.
The lic is most confused. The company controls the Oregon
rental must be sufficient at least to cover the interest on
Railway & Navigation Company (holding June 30, 1883,
the $3,000,000 of Terminal bonds out—or $180,000—
128,535 shares of its stock) and also the Northern Pacific
and 40 per cent of this would be $72,000.
As to future Company (of whose shares it then owned 162,792 common
•earnings it is claimed that overland passengers that and 151,300 preferred), and has a lease of the Oregon &
formerly went to Portland from San "Francisco by the California Railroad. It is, besides, engaged in building
■Oregon steamship lines will now take the Northern branches or feeders to the Northern Pacific, on which it
Pacific route, and that consequently a loss of business issues its own collateral trust
mortgage bonds. It will be
to
the
Oregon Company will ensue. But as to seen that the position of the company is somewhat
this
it
may
said that the company’s rail¬ unique, since it depends almost exclusively for its income
be
road line would gain if the steamships should lose, since
upon the return it receives upon its holdings of the
the railroad forms the Western end of the Northern Pacific
properties controlled. On the 30th day of last June the
through route. Moreover, with the opening of this North¬ company's debt outstanding (collateral trust bonds) was
ern Pacific line, it is only
reasonable to expect an increase $7,215,000, which at 6 per cent calls for $432,900
in the railroad traffic of the Oregon Company, and there
annually, but provision has been made for this interest for
should be further additions on the opening of the Oregon the next
eighteen months to come in a reserve of
Short Line, as the Navigation Company’s route affords
$649,350, so that it is not a present burden. Of these
the only rail outlet to Portland.
branches 250 miles more are expected to be built
In the case of the Northern Pacific, we may
briefly during 1S83-4, the greater portion at $20,000 per mile,
repeat the figures given last week. The funded debt of but some at $30,000 per mile, the latter covering about
the road amounts to $45,891,200, there is besides $4,640,- 80 miles
in Washington
Territory, for interest on
821 of scrip outstanding, in addition to which S millions which bonds and a
sinking fund the Oregon Navigation
remains to be provided to cover the cost of construction,
Company and the Northern Pacific will be jointly respon¬
making about 58£ millions, which at 6 per cent calls for sible.
about 3£ millions annually.
The lease of the Oregon & California Railroad
The net earnings on the
provides
incomplete portion of the road in 1882-3 were $2,518,529. that the Oregon Trans-Continental shall assume interest
Besides the company’s own debt, there are 8 or 9 millions on the funded debt and
pay 2^- per cent on 12 millions
of bonds on the branches built by the
Oregon Trans conti¬ preferred stock. The coupon due the 1st of July, 1883,
nental; but as the Northern Pacific assumes no present was to be paid out of construction funds, and in considera¬
liability on these, they may be left out of the account. tion of the guarantee of the 2£ per cent dividend, the
Allowance should, however, be made for the contingent
Oregon Trans-Continental Company was to receive an
obligations assumed on behalf of the St. Paul & Northern extra allowance of $600,000 second mortgage bonds. The
Pacific.
The lease of that road provides for a certain road is to be finished
by the first of October, 1884, and in
rental (40 per cent) of its gross earnings, but that must be the interval it is estimated the Trans-Continental
Company
enough in any event to take care of the interest on will have to provide for one year’s interest on an average
the debt outstanding.
This debt, which on the old -road of 8-4 millions bonds and 2 J per cent on 12 millions stock,
between Brainerd and Sauk Rapids amounted to $673,000, or
altogether $810,000.
“The current earnings of the
wTas increased during the year
by the sale of 5 millions (of road,” says the Oregon & Trans Continental report,
a total authorized issue of 10
millions, less the $673,000 “running at the rate of $350,000 net per annum,
prior liens) mortgage bonds for the purpose of extending and the extra allowance of securities, will readily
the line to Minneapolis and St. Paul.
The call1 for provide for this amount.”
When the road has been
interest on this account (0 per cent on the new issue finished and the bonds are all
out, there will be the inter¬
and 7 on the prior bonds) is therefore $347,110 per est on
$10,240,000 first mortgage bonds at 6 per cent, the
annum.
The gross earnings on the 61 miles of completed interest on
$4,000,000 second mortgage bonds at 7 per
road for the latest year reported
(1SS1-2) were $431,500, cent, and a guaranteed dividend of 2 per cent on the pre¬
which at 40 per cent would have supplied $172,600 of ferred
stock, imposing a total charge of $1,134,400. But
the amount called for.
With the extension of the road the Trans-Continental
company’s' officials estimate that the
to the “twin cities” of St. Paul and
Minneapolis, earnings road’s gross earnings will amount to three millions imme¬
will be increased and it may perhaps be assumed that the
diately upon its junction with the Central Pacific.
Northern Pacific will not have any deficit to meet on the
Assuming that none of these items will prove a charge
interest of that road.
The Northern Pacific is responsible
upon the Trans-Continental Company, the whole of the
also for 40 per cent of the lease rental of the terminal
company’s income would be applicable to the 40 millions of
property at Portland, the rental to be ‘‘'sufficient to pay stock outstanding. At present the Trans-Continental is
interest on the bonds of the Terminal company”
(of paying 6 per cent per annum, and to maintain this rate
which 5 millions are authorized and 3
outstanding) it must have a net income of $2,400,000, free from
“create a sinking fund and provide for
taxes, insurance, any other claim. Mr. Villard counts for 10 per cent
repairs and other expenses.”
dividends upon the Oregon Railway «& Navigation stock
in the late fiscal year




•

•

0

'

‘;rV’ C

September 29,

»•

1883.J

% VVWb^'.«->"•;*

THE

CHRONICLE.

Bethlehem, Jericho, and other hallowed spots, togethe
Pacific preferred stock, giving with the dolmen fields of Gilead and Moab, would beupon the Northern
$1,210,400, and making the total income from these sunk below the waters. The cost would not be less than
sources $2,400,662, or just about sufficient to meet the 6
£222,705,000. It is shown, however, that the difficulties^
per cent dividend on Oregon & Trans continental stock. in the way are insurmountable; and the whole scheme is
Butin addition Mr. Villard carries forward a nominal pronounced impracticable.
The other schemes, with one
balance or surplus from previous years of $2,880,895, exception, are dismissed with much less ceremony.
That
making the total available estimated profits for the year exception is the railway route by the Euphrates Valley.
Of this scheme there are several modifications ; but in
$5,2S1,557. The company bears some part in the lease of
the terminal property at Portland, jointly with the Naviga¬ the estimation of the writer in Blackwood the line laid
tion Company and the Northern Pacific, but its proportion down by Colonel Chesney in 1850 is to be considered the
This route is by Antioch and Aleppo to Birejik,.
(judging from the respective holdings of Terminal stock best.
by the three companies), is only one-half that of either of and thence to the Persian Gulf, on the west or right bank
the other two companies, and against this we have as an of the Euphrates.
The advantages of the line are these.
the
that
The
route
from
London
to Bombay would be 700 miles
offset on the other side of the account
fact
the
Trans l’cntinental Company has $1,679,361 of Northern shorter than that by the Suez Canal.
A glance at the
Pacific dividend scrip bearing 6 per cent.
In calculating map will show that Kurrachee, in the event of such a line
the company’s income no allowance has been made for net being constructed, might take the place of Bombay.
In
such
a case, the route would be shortened
earnings on the Northern Pacific branches built and oper¬
by a thousand
ated by the Trans-Continental, and apparently Mr. Villard miles, or by five days of sea passage.
The length of the
would
railroad
be
920
does not consider this of sufficient present importance to
miles, a distance which is supposed
to
merit special mention.
represent 48 hours’ travelling. The estimated cost, at
the rate of £S,000 to £10,000 a mile, is from seven to
THE HIGHWAY TO INDIA.
eight millions sterling. The saving of so much time is a
When Lord Beaconsfield secured for his country the recommendation of the
highest order from a military
ex-Khedive’s interest in the Suez Canal, and when he took point of view, and the expense is by no means formidable
possession of Cyprus, with a large tract of land near the There can be no doubt of the truth of the saying of a
Euphrates’ mouth, together with rights of navigation on famous diplomat, that the nearer Russia approaches Herat
the Karoon river, it was generally believed that Great and Kandahar, the greater becomes the necessity for the
Britain had effectually checkmated all rivals and paved Euphrates Valley Railroad.
In recounting the advan¬
the way for supremacy over two great highways to the tages of this special route, the writer reminds us that in
East—the one commercial and the other military.
The the Roman times, and even earlier, Antioch was the rival
spirit which led to this twofold acquisition seems to have of Alexandria, and the emporium of the commerce of
passed away with Lord Beaconsfield. The pluck and Asia. In the sixteenth century, and before the route by
energy which made the acquisitions were needed to carry the Cape of Good Hope was discovered, Queen Elizabeth
out the plans of which they formed but a part.
The had her fleet on the Euphrates, and had authorized the
schemes of Lord Beaconsfield gave offence to his political Levant Company to trade through Aleppo.
It was not
rivals during his lifetime ; and Mr. Gladstone and his until the East India Company removed their factories
friends have made it their business to discountenance from Bassorah that the trade of Aleppo was ruined.
The
and discourage every movement which has seemed to be use of steam power and, later, the cutting of the Isthmus,
in the line of the Beaconsfield policy.
Whether Lord has diverted trade from the Euphrates to the Red Sea.
Beaconsfield’s views or Mr. Gladstone’s views are the But why should not the establishment of a line of railroad
wiser we care not to inquire.
What concerns us is, that by this very natural route have the effect of restoring, in
the two policies have been different, and that to day the a large measure, the balance of power ?
It is admitted, however, that the route is not with
people of the British Islands are by no means of one mind
as to which of the two policies is the best for the interests
out very serious drawbacks.
The writer in Blackwood
of the empire.
would not make too much of the numerous small
The compromise in the Suez Canal affair, and the favor bridges which it would be necessary to construct.
Nor
which it is believed the Government has extended to the is he disposed to magnify the inconveniences which
Jordan Valley Canal, have roused the friends of the late would
the
result
from
excessive heat, and which
Tory chief; and Blackwood's Magazine, which never loses would be especially felt in the transportation of troops.
an opportunity to
speak its mind freely of the present These, he thinks, could be got over; and they would
administration, has found a fresh text, which it handles hardly be allowed to weigh with Englishmen if India
with great ability and advantage.
In an article on “ The were in danger.
The five days to be gained would
Canal Dilemma,” or “ Our True Route to India,” the compensate for many .inconveniences. ‘ The drawbacks,
writer discusses in a vigorous style the various plans therefore, are not engineering nor»climatic!
They are
rather
commercial and strategic.
proposed for another and more satisfactory route to
“ In the first place,
India. ' The
Palestine Canal, the Euphrates Valley some 500 miles of the route would be unproductive for a
Railroad, the Turko-Indian line and the Nile Canal, long time of paying local traffic. In the second, transport
suggested by Mr. Fowler, are discussed in succession. by rail, with the double trans-shipment at Alexandretta and
The Palestine scheme calls forth the special indignation of at the Persian end, could not compete successfully with a
the writer.
The. argument is almost in the form of a through communication by water, as in the Suez Canalrcduclio ad ahsurdum.
If accomplished, the Jordan Valley For light goods, for the mails, above all for the rapid
Canal would convert lower Palestine into a great sea—a dispatch of troops, the railway would be of value, but not
sea 150 miles long and ten miles broad, four times the
for the heavy merchandise which comes by sea from
size of the Dead Sea, and almost as large as the Victoria India.”
The strategic objections are yet stronger.
Nyanza. The Jordan, now a hundred miles long, would
They ar.e
be reduced to ten miles.
The Sea of Galilee, with all more or less the same objections which Lord Palmers
its
sacred
places—Tiberius, Capernaum, Bethsaida ton made to the Suez Canal. In Lord Palmerston’s opin
held, affording a yield of $1,190,262, and 8 per cent

.

t

■

333




THE

384
ion the canal

CHRONICLE,

| Vol, XXXVII.

England. It was “ a lance liquidate the affairs of the Swansea Zinc Ore Co. At a meeting
of shareholders it was resolved that the company be wound
up,
in the hands of France,” a hold on England’s communica¬
and that four of the present Directors, including Lord Penzance
tions with the Indian Empire.
It was the Suez Canal, as (the chairman), be appointed a committee to that end.
The total receipts into the exchequer from April 1 to Septem¬
we
know, which gave France her influence in Egypt
ber^ were £34,833,647, against £33,980,503 in the corresponding
and which has compelled England to occupy Cairo. period of the last financial year, being an increase of £903,144.
The increase is chiefly due to the receipts from' income and
In
like manner, the
Euphrates
Valley
Railroad property tax, these
having amounted to £3,255,000,
be

would

was a menace to

“a

lance

in

the

of

hands

Russia.”

Even

if

against

£2,389,000 last year.
The expenditure has declined from
£37,844,896 to £36,733,075, or to the extent of £1,111,821. The
outlay for the two “services” shows a falling off of £937,263,
viz., from £23,092,928 to £22,155,665.
Rather more business has been in progress in the wheat trade
during the week, but no activity has been apparent. Some of
the English wheat arriving at market, especially in the North,
is in poor condition, and does not attract much attention, but
fine dry samples are rather dearer in some instances.
Foreign

protected by the river, the line would present a
long flank exposed to a Russian advance from Armenia
or from the Caucasus.
It would be necessary to have a
military station at Aleppo and another in the Persian
Gulf.
It might even 0e necessary to occupy Bagdad and
a
portion of Syria. But the way has been prepared for wheat is still in abundant supply, and sells slowly on former
such occupation by Lord Beaconsfield’s acquisitions.
The terms.
The following are the quotations for money and the interest
initial steps have already been taken.
It was necessary allowed by the discount houses to-day and same day of the
that they should be taken ; and it is the opinion of the previous five, weeks:
writer in Blackwood that, “like the buying of the Suez
Interest Allowed
Open Market Rates.
for Deposits by
Canal shares, they were acts which strengthened the hold
Bank Bills.
\
Trade Bills.
Disc’/ IPs
Joint
of the British on the road to India, and which tended to London
1
Stock
1
t
'Ihree
Four
Six
7 to 14
At
check the now rapid advance of Russia both eastward
lJi£
|
Four 1\Months!Months
Six Three Months
Months
Months
Months
Call. Days.
3
and westward.”
Such a railroad, it is contended, should
3
3
Au,'. 10 4
3M-3V*
|4 @43^ 4 @434*4
17 4
3
be constructed without delay.
■3\i-3)i
Its advantages far more
j3H^ — 3M«J)3% 4
4 @1U 44 @4q,4q@4K 3
O4 4
3
3
;3M@SH
—:3j#@4 '3^2433
@4bj4q@4-q
314-3 ^
than counterbalance possible disadvantages and incon¬
31 4
3
3
834-334
\3V>Vm
VD
|3'AL5>3% 3,14® 4 3?4@4W4 @4*4
4
3
3
3.'4^3>8
:5'4@4
310^4
1.3
3)fj@3'4
Sept.
7
3q-3q
veniences.
It would put it in the power of England “ to
14
2q
kwWH 2K<?,2Vr3 Oil 3 @3‘4 3*4@3J4 334@««q 234
-

1-1

_

_

i

•

.

*•-

44

“

*

“

—

fall

on

the flank of the

Asterabad,

Russian

advance

to India from

Annexed is

statement showing

a

the present

position

o

f

the southeast of the Caspian.” There is the Bank of England, the Bank rate of discount, the prices of
consols, wheat, cotton and yarn and the- Bankers’ Clearing
good reason for believing that the article in Blackwood House
return, compared with the three previous years:
is from the pen of Mr, Lawrence Oliphant, than whom
1882.
1881.
1380.
1883.
£
£
£
£
no
living writer is better qualified to speak on the subject- Circulation
25.391.190 26.194.930 26,224.825 26.651,205
Public
5,870.030
4,652,866
4,995,615
6,219.334
lie is familiar with the Fast; and he knows what England Other deposits
25.269.752 23.569,349 25,659,807 2 4,940,429
deposits
on

13,093.631 ll.032.2O5
Other securities
21,-153,09 L 23,931,935
Res’ve of notes tfccoin
14.481.191 11,156,714
Coin and bullion in
both departments..
21,122,331 21,601,691
Proport’n of. reserve
46*22
39 q
to liabilities
Bank rate
3g p.e.
5 p. c.
Consols
99*4
luCUs
41s. Sd.
4ns. 9d.
Eng. wheat, av. price
Mid. Upland cotton..
5'Ud.
71 iftd.
No. 40 Mule twist...
9*id.
10qd.
Clear’g-liouse return. 82,020.000 119,154,000

14,55 .',0 49

15.420,851

22,067,609
12,569,519

17,619,541
16,673,280

23,044,374

23,327,435

Goverum’t securities

needs.

g$tocri*£tarxji ©omnxcrcial gixgUsIx g^exus
RATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
EXCHANGE A T LONDON-Sr,)/.
Rate.

Time.

Chi-

15-f! EXCHANGE ON LONDON.
;

j

'

Amsterdam
Amsterdam
Berlin
Frankfort...
.

.

3 mos.
Short.
3 mos.
«<
ii

Hamburg...

125
12 2*4

@12,51*2
®12*3q

20-66
20-66
2066

'2)20-72
©20-72
©20-72

H

Latest 1
Date. !1

Time.

Rate.

Sept. 15. Short.

12-14

Sept. 15 Short.

20*4913
20-49 *2
20-4 9 q

15'
Sept. 13}

“
-

“

...

3 mos.

Paris
Genoa
Madrid
Lisbon

25'50
45

<4

246

51i:51625Hr>i«

Alexandria..
New York...
60
Bombav
Calcutta
....

d’ys

Is. 7kid.

n

ls.7kid.

..

Hong Kong..
Shanghai....

j3

©25*55

mos.

25-57k>©23 0212 Sept. 15! Short.

“

....

....

Sept.
Sept.
Sept.
Sept.
Sept.
Sept.
Sept,

151
“
12 3'mos.
15 Slicit.
15 tel.trsf.
15 tel.trsf.
15 4 mos.
lo
“

'

Open

Bank

Bate.

Market

Bate.
3

Berlin....

3

4

—

3

.53*8
95 q

Amsterdam

3'Q

Brussels

3J4

Madrid

5

5

5

Vienna

4

4

4

St. Petersburg*..

0

6

6

London, Saturday, Sept. 15, 18S3.

has continued to decline, and the
England have divided on lowering
their published minimum to 3/2 per cent.
The demand for
funds during the week has been upon so restricted a scale, and
Mils are so scarce, that a reduction was aimost self-evident; and
it i3 a very general opinion that a change to three per cent'
might have been agreed to. This state of affairs, as has been
frequently pointed out, is due to the distrust which prevailed
some months ago.
Business has been greatly contracted in
every quarter, and the mercantile community are beginning to
despair as far as an active trade during the closing months of
the year is concerned. The amount of money seeking employ¬
ment has considerably increased of late, arid the market, is now
abundantly supplied. The rates of interest for deposits have
money

Directors of the Bank of

also been reduced; but there has been a difference of action on
the part of the leading companies. Some are now allowing 21.,
and 2/1, but others only 2 and 214, per cent for money on
demand and at call respectively. The present condition of

things was, to a considerable extent, unlocked for; but it has
been brought about by the want of confidence which has
recently prevailed.
The difficulties in the tin-plate trade of Swansea continues,
This week, in consequence of the failure of Messrs. Richards,
Power & Co., of Swansea and London, it has been decided to




Bank

01/

1

of

-

4

[From our own correspondent.!

The value

Interest at

3

4-81 *4
Is. 7 kid.
Is. 7<),,id.
3s. 8*s 1.
5s. Id.

658d.
11qd.

84,768.000

82,101,000

market rates at the
previous three weeks
Auijut t

23.

-

Paris

Sent. 15

42s. 2d.

71sU.
10*4d.

August 30.

Sept. 6.

25-32
25-33
25*25

23i7:to

99 4
54s. 5d.

Bates of

1200

12-I3q212-16 q Sept. 15
“
<4
25 *50‘q 2 2 5*61 q Sept. 15 j
“
Antwerp
44
23 *6 2 23 q
Sept. 15!
Petersburg..
25-30
Checks
225-35
Paris
Sept. 15 (’hecks
Vienna

Sept. 13.

53
2ki p. c.
' 97 "b

4 p. e.

The Bank rate of discount and open
chief Continental cities now and for the
have been as follows:

j

Sept.

49 31 p. e.

Frankfort

•

Hamburg

!

Bank

Open

Bank

Open

Bate.

Market

Bate.

Market

334
33i

334

33<j
3.10

2-K
23<5
3>&
2*8
334
334

5

5

5

5

5

4

4

4

4

3“<

6

6

6

6

6

2 hi

3

2?,0

4

3

!

33,s

33.4

1

2-,rf
33S

8)4

336

i

sq

j
!

4

3

—

-

2Ts

—

j Open
j Market

-e-

3y*
2?s

—

—

3'4

In reference to the state of the bullion market, Messrs. Pixley
& Abell write as follows:
Gold.—Since our last circular, the Bank of England has received
.£175,000 in liars and gold. There is no export demand, tlie only ship¬
ments being .£10,260 to "Bombay, per P. «fc O. steamer “Malwa,” and
50,000 sovereigns to,. Lisbon. The “Medway,” from the West Indies,
brought £13,759, and the “Cuzco.” from Australia, £31,000.
Silver.—The market lias been steady and active during tlie past week,
and considerable business has been done for immediate and forward de¬
livery at aO-’cid. per oz. standard, the price fixed for the £36,00') which
arrived per “Medway” from the West Indies; the price is lirni att his quo¬
tation. The “Ilalley,” from Buenos Ayres, brought £1,250and the “City
of Montreal,” from New York, £45.000. The shipments arc £56.800 to
Bombay, and £30,000 to Calcutta.per P. and O. steamer “Malwa ”
Mexican Dollars.—About £ '0.000 arrived per “Ville de Bordeaux”
and Royal Mail Steamer “Medway”; a portion had been sold for arrival,
and the remainder were, disposed ot at 4.9 3sd. per oz.
We are unable to
give this week the details of shipment per P. and Q. steamer ‘•Ballaiat”
leaving this day.
The quotations for bullion are reported as below :
Price of Cold.

Sept. 6.

Sep 6 13.
<1.

NV

Bar gold, line
Bar

oz.

77

0

.

8.

a.

7i

9

gold, contuin’g

20 dwts. silver..oz.

t—

4 4

Span, doubloons.oz.

73

S. Am.doubloons.cz.

10

U. S. gold coin... oz.
der. gold coin.. .oz.

The
corn

following

10'4_ 77 loq

76

|j

Sept. 13.

1

}

Bar silver, fine..oz.

jI

Bur silver, contain-

ing 5 grs. gold.oz.

•

n'.i

1 i

834

'

334

3'4

are

|

Cake silver

oz.

d.

50')y

50-'*y

51

51
54'4

Mexican dols...oz.

j Chilian dollars..oz.

54'4

*
.

........

the quantities of wheat, fiour

estimated to be alloat to the United

plies being excluded:

Sept. 6.

d.
1

i

‘.'34 —73
73
834

•u.

Price of Silver.

-49 5-16
*

and Indian

Kingdom, Baltic sup¬

September
tv-

335

THE CHRONICLE

29, 1S&S. 1

-

At

1,614,000

qrs. 1,696,000

Wheat

1,828,000

152.000
139,000

284,000

129.000
146,0i 0
269.000
250,000
return showing the extent

Flour

Incliau com

Annexed is

2,000,000

a

of the imports of

Kingdom during the first two
of home-grown produce and
the average price, the visible supply of wheat in the United
States, and supplies of wheat and Hour estimated to be afloat
to the United Kingdom, compared with the three previous years:

“
Spring, No. 2, old “
Spring, No. 2, 11..
Winter, West., n
“
Cal., No. 1 ......
“

Wheat

ewt. 3.416.596

Barley

178,509
51 6,;‘ 54
31,962
219,760

Oats
Peas
-

Beans

3,993.403

2,017,194

232.069
664.678

73,0=5
548,211

35,562
68,349
678,731
486,265

1J .768

1,403,024

Indian corn
Flour

516,642

710,168
19,550
•18.438
2,016,596
415,939

107,000

1,397,542
458,464

SUPPLIES AVAILABLE FOP. CONS UM PTION—T WO WEEKS.

1882.

1881.

1380.

3,993,403
186,265

2,017,194
453,464

3,777.215
415,939

1.228,240

9 48,300

1883.

Imports of wheat.cwt. 3,146,596
516,6 42
Imports of flour
Sales of home-grown
1,302,400
produce

4/909,354

5,707,908

3,123.95S

46s. 6d.

54s. lOd.

42s. 8d.

12,000,000

19,500,000

14,300,000

2,181,000

2,011,000

Total
5,205,638
Av’go price of English
42s. 5d.
wheat for season.qrs.

Visible supply of wheat
in theTT. 8
bush.2 1,-400,000

776,200

.

Supply of wheat and
flour afloat to U. K.

1,773,000

qrs

Pork, West.mess..$ bbl.
Bacon, long clear, new..
Beef, pr. mess, new, $ to.
Lard, prime West.
cwt.
Cheese, Am. choice

qrs.

-

Barley

statement:

1882.

1881.

90,165
4,041

70,860

54,709

41,781

2,552

2,217

4,982

18S3.
s.
d.

SEASON (per qt*.).
d.

1881.
s. d.

1880
s. d.

6

54 10

42 8

1S82.

-•

s.

Wheat

42

5

16

Barley

31

8

36 1

23

6

21

Oats

22 3

21 3

1

the whole kingdom

:

cwt.

Wheat

35 O

38 8

Converting wheat into cwts., the totals for
follows

2,193

1,583

3,489

14,486

AVERAGE PRICES FOR THE

are as

1880.

1883.

Oats

1880.

1881.

1.883.

18-2.

1.302.400

' 1,228,210

776,200

9 i8,300

show a diminished production

cautious policy pursued by

buyers was that a heavy surplus was understood to exist in the
great producing countries from last year’s harvest. The follow¬
ing were the statistics shown to the members, 100 representing
an

average crop:
Whenf.

Prussia
•Saxony

Upper and Lower Bavaria
Bavaria, -Franconia, ttuahia
Bavaria, Palatinate ami Wetterau

81

80
80

75
70
100
50

101

75

Baden

92

Wurtemberg (winter wheat)
Wurtemberg (summer wheat)
Mecklenburg

87
93
93

.

Switzerland.
Denmark

•

Hungary
Upper Italy
Central Italy
Southern Italy
Eastern Italy
France
Holland
Great Britain and Ireland

0 3

70

87 5
SO

87’5

Moldavia
Servia

ro

10.5
85

85

loo
100

00

ioo

ioo

100
95
101
85

100
Id)

8ilver, per oz

d.

Consols for money
Consols for account
Fr’ch rentes (in Paris) fr.
U. S. 4 las of 1891
U. 8. 4s of 1907
Chic. Mil. & St. Paul
Erie, common stock
Illinois Central
N. Y. Ontario & West’n.
—

Pennsylvania
Philadelphia & Reading.
New York Central




503.1
lU(>4

95
60

70

65

ioo

07

70

76

150
40
60

105
1O0

ii’6

80
99
95

70

80

no
90

90
so
80

100
90
SO

150.
78
105

75
85
TOO

1

j

50V

i

Tues. i

Wed.

i

507s

507s
1007s

Urn 4

101 4

lei

122‘>8
1084
3 1 7s

11224

11334
22

! 22:4

00 og

133 4
22 4
6«> 4

78-85
1116 4
1224
io84
1 32
11324

604,

!

60:4

20=4

25V

2- i8

i

25

1194

1 19:4

111.84
3213
133 4
23 is

London,
reported

1

Mon.

11(04

jl<>8 4

32 V

i

8
9

8 11
5
5
72 0
3 1 6
70 0
42 0
152 0

s 11
5

6
0

72
•35
73
42
52

8
4

0
0
0
0

8
9 •f
8 11
5
4*2
0
72
0
35
0
70
0
41
,52 0

d.
O

8
9

6

0
3

8
3

d.
s.
12 0
6
8
9 0
O
8
8
8
9 4
8 11
r>

S

9
1
8 11
5
•14
72
0
35 0
70 0
41 0
52 0

5
72

•14

34
70

41
52

0 4
0
0
0
0

Jteurs

Wees.—The imports of lasc

FOREIGN IMPORTS AT NEW

YORK.
1883.

1882.

For Week.

1880.

1881.

Dry goods
Gen*l mer’dise..

$2,309,707

$3,129,78 1
7,328,011

$2.93 1.33 =
7,208,903

$2,974,44 5

5,194,012

Total
Since Jan. 1.

$7,503,779

$10,958,395

$10,203,306

$9,972,011

$85,362,664 $102,508,455
236,390,706 260,968,092

$94,903,627
213,480.758

$91,095,637

Dry good8
Qeu’l mer’dise..

207.181,4 46

Total 36 weeks $366,277,083

In
of

our

6,997,566

$321.753,570 $372,470,5 17 $338,369,385

report of the dry goods

trade will be found the imports

dry goods for one week later.
following is a statement of the exports

(exclusive cf
specie) from the port of New York to foreign ports for the
The

Sept. 25, and from January 1 to

week ending

EXPORTS FROM NEW YORK

For the week...

reported..

Prev.

Total 38 weeks

$9,131,409
292,411,914

1883.

1882.

1831.

1880.

date :

FOR TUB WEEK.

$8,953,660

$8,283,264

$7,442,624

275,783,539

239,672,527

254,253,580

$301,543,323 $284,742,199 $247,955,791 $261,696,204

following table shows the exports and imports of specie
port of New York for the week ending Sept. 22, and
since Jan. 1, 1883, and for the corresponding periods in 1882
The

at the

and 18S1:
OP SPECIE AT NEW YORK.

EXPORTS AND IMPORTS

Imports.

Exports.
\ Since J'an.l.

Week.

$11,800

$2,500

Great Britain
France
Germany
West Indies
Mexico

20,080 j
215,003
133,785;

19,000

Week.

Since Jan. 1.

$
398.352

118,238
57,907
1,720
100,500

$1,963,468
512,222
2,395,380

2,588.729
78,308
167,011

120,933

i-104

V

118 4

$380,688

$21,500,

Total 1883
Total 1832
Total 1881

24,250* 33,774,131
U.TIHV

Silver.
Great Butain
France
German
West In iea
Mexico
South America
All other countries.

Total 1883
Total 1882
Total 1881

390,016!

$676.717| $7,826,051
16,347

781,505

393,814

43,234,221

$527,724 $10,462,16 = !

466,419;

^1,666

43,2761

13,773!

2,184

3,155,393
125,807
13,946

$359,219

$3,940,251

10,39 ij

12,goo;

248,372

2,14 2!
34,710;
319,907

$540,324 $11,002,030
1,034|. 9,136.472
115,5661
7,876.921

4.956

20.355

395,087

1,914,413
2,173,022

for the week in 1883, $51,887 were
$23,546 American silver coin. Of the
exports during the same time $19,000 were American gold coin.
—The St. Paul Minneapolis & Manitoba coupons on 2d mort¬
gage b >nds, falling due Oct. 1, will be paid by Messrs. J. S.
Of the above imports
American gold coin and

Iteports—Per Cable.

.100 7s
IOO7*
79-12-2 79 05
1 16:5s
1 154
12 2

102-5
105

77'5
90

77‘5

closing quotations for securities, &c., at
and provisions at Liverpool, are
follows for the week ending Sept. 2S:
Sat.

8
8
9

9
8

8.

12

the preceding week, show an
and i general merchandise.
The total imports were $9;972,Oil, against $7,601,097 the pre¬
ceding week and $8,457,546 two weeks previous. The exports
for the week ended Sept. 25 amounted to $7,442,621, against
$7,053,917 last week and $6,197,157 two weeks previous. The
following are the imports at New York for the week ending
(for dry goods) Sept. 20 and for the week ending (for general
merchandise) Sept. 21; also totals since the beginning of iirst

?outh America
All other countries

....

The daily

London.

104
79

96
92

and for breadstulfs

by cable as

3
7
3

6
0
34

Gold.

95
80
100

65

120

English rtlarhet

0

d.
0
6
0
3
8

s.

12
8

.

-IO.

Egypt

9
8

d.
0

s.

12
3
9

.Imports and Exports for the

’

85

IOO

80
105

8

100
100

95

80

Russia, Curl ami
Rest of Northern Russia
PodoliaCentral Russia
Southern Russia (summer wheat) .
Southern Russia (winter wheat)...
Bessarabia
Boumania, Lesser Wallaehia
Great Walachia (winter when*) ...
Great Walachia (summer wheat)..

85
80
116

108
85
85

105
75
100
7o
89
86

85

Austria

91
85
80

’

105

Sweden and Norway

Oil Is,
92

Hurley.

Eye.

90

d.
0
6

week,, compared with those of
increase both in
dry goods

The Vienna International Corn Market has been recently
held and a dull tone prevailed, notwithstanding that the statis¬
tics presented by the committee
of wheat.
The reason <for the

12

EH.

Thurs.

week in January:

SALES.

Wheat

s.

0
6
9
0
3
■8
3 7
9. 3
s n
5
6
72 0
35 0
0
74
42
0
52 0

12
8

Wed.

Tues.

©o lunxevcutl ami ilXtscellauccnis

The extent of the sales of home-grown wheat, barley and
oats in the principal markets of England and Wales, during
the first two weeks of the season, together with the average

prices realized, is shown in the following

“

Corn, mix., new

1330.
3,777,21 5
1 40.150

1881.

1882.

“

Cal., No. 2

/IMPORTS.
1883.

State)..100 lb.

Wheat, No. 1, wh.

cereal produce into the United
weeks of the season, the sales

*

d.

s.

145,000
Flour (ex.

Mon.

Sat.

Liverpool.

1S81.

1SS2.

Lest tree/:.

present.

Thurs.

j Fri.

5o)j 5o 1 -q<i
10;4
1014
1014
!ioi4
78*82 4 <■'•65

4
1164
*224
,1224
xlo54 jli»64
1 324
32V
133 4
133 4
J 1 (’

22V
01

264
1194

234

) 614
'

27
119-V

Kennedy & Co.
Auction Sales.—The following, seldom or never sold at the
Stock Exchange, were sold at auction this week by Messrs.
Adrian H. Muller & Son.
Shares.

7> Hxl*.

29 Merchants’ Excli. Bk
23 (-’in. Ham. & Dayton RR.
5 Empire City Fire. In*. Co.
5o Bark Fire ins. Co

$1-,000 City of New York 7s.
Dock Bond, regisl’d, dim

1 s4 A: int.

190 1

$2,000 Staten rslaml

Water

Supply Co. 1st M. ( s, cp..
due 1911

25
”

lo

12

ot Brooklyn....
15 American Loan «kTr. Co.
11 Peek. Stowe «fc Wilcox

Shu res
10 Stuvvesant Safe Dep. Co. 101 4
2 Paeiltc Bank
;
173 4
30 Standard Fbe Ins. Co... 1624
250 Tradesm’t Nut. Bk.l084-I08:4

Eagle Fire Ins. Co

Metrop’n Gas-Light Co.

Manfg. Co

|

97
83-4

804

101

2154
86 4
103 4
1G214

336

THE

CHRONICLE
buying of American securities,

ait* Saul iersr (Oaacttc.
O

1

V

1

D U N

Per
Cent.

1

Quotations for foreign exchange

O S.

Chicago ifc Hock Island (quar.).

-•

Boohs Closed.

(Days inclusive.)

Nov.
Oct.

2

Oct.

2

1%

Nov.
Oct.
Oct.
Oct.

5

Oct.

14
1%

Prime bankers'

1 Sept. 30 to Oct. 25
20 Sept. 30 to Oct. 23
20 Oct.
to Oct. 21
5
1 Oct.
3
to Nov. 4
1 Sept. 26 to
o

1

Ran k H.

Gallatin National
IHittcellaueocs
N. Y. Sc Texas Land
NEW

$5

YORK,

FRIO AY,

On

10

Sept. 27 to Oct.

9

dem.

HEFT.

2S,

sterling bills

The

Interest
Periods.

Loans ana dio

$331,701,900
.

Legal tenders
Legal reserve.
Reserve held.
SnrpbiH

I

1882.

1881.

Sept. 23.

Sept. 24..

$2,909,100 $325. OSS. 000 $332,672,300
55,360,300 Dec 3,519,000
51,013,500
64,984.400

Specie
Circulation..
Net deposits

Differ'nces fr'm
previous week.
ne.

15,408.300 Dec
318.013,400 Inc
26,050.490 Inc

125.100

18.637.400

19,765.200

101,900

297,389.300
21,057,000

314,317,300

$74,347,325

72,075,500

$78,579,825
SO,041,600

$1,907,350 Dec $1,831,075 df.$2,271.825

$1,462,275

$79,503,350

Inc

1,713,400

25,175
81.4 10,700 Dec. 1,805,609
>

15,057,200

Exchange.-—There has been considerable fluctuation in the
rates of foreign
exchange in the last week, the net result of
which is that both
sterling and Continental bills are higher
than a week ago.
On last Friday the posted rates for sterling
were 4 S3 and 4 ISO;
duringthe week they were advanced to4S3%
and 4 8G%. Afterwards when the Bank of
rate of discount

on

Thursday, the posted

England reduced its

rate for demand ster¬
ling was lowered to 4’SG, but the GO-day rate remained un¬
changed at 4 S3%. The rates for actual business in sterling

on
Friday the 28th were as follows, viz.: Sixty days, 4 82%(k
4 825V; demand, 4
8o%<Vi4 8514; cables, 4 8GM4 S*G%\ Com¬
mercial bills have continued scarce
during the week, and the

rates

Friday were 4 81%(«4 81%. Continental bills are
generally higher this week than last. There is no foreign
on




Sept.

Sept.

do

V-/5

4 86

4 314
5 22*2
40

5 20

943s

95

..reg. Q. -Mar.
coup. <4- -Mar.
reg. Q. -Jan.
coup. Q- -.Jan.
--reg. Q -Feb.
>..re?. .1. & J.
Sc J.
>..re?. J.
reg. J. Sc J.
reg. J. & J
Sc .1
.re?. J.
..

..

..

6s,cur’cv. 1
*

.

been
Sept.

P

24
!

mind of the business

1883.

4 834
4 82

closing prices at the N. Y. Board have

Money Market and Financial Situation.—There was
something just a little “ sensational’’in the character of the
four or live failures in the clothing and woolen
goods trades,
etc., in the last week^/One after another these firms fail, each
making the others preferred creditors to a large percentage of
their liabilities.
The amount of the failures reaches a
large
aggregate, but they have in fact made little or no impression
on the

Sept. 22.

Sixty Bays Demand.

London

*

4014

United States Bonds.—The Government bond market
has shown very great strength the past week, and the rise in
prices on the long-date issues amounts to fully one per cent.
On the other hand, the threes have been
very weak, and have
declined from 102% last Friday to 1014V to-day.

The

community commensurate with
their size, it being well understood that the
paper which the
firms so freely indorsed for one another was, and had been, for
a long time in the
open market, and was distributed to banks
everywhere throughout tiie neighboring States, and even iii
the Western cities.
No bank ever takes
very largely of the
same names in the class of
paper that is negotiated almost
entirely through bill brokers. But, aside from this, there is
no reason to presume that the losses on
any of this paper will
be heavjg
The makers and indorsers all have large amounts
of property, and, barring the
delay in turning this into
money, the creditors, it is believed, are not likely to suffer
greatly.
Notwithstanding the active demand in the West and South
for currency in connection with the
marketing of the 'crops,
the increase of loans of the New York
banks, the decrease of
their surplus reserve, etc., there is as
yet no appearance of a
diminution in the large supply of money for call loans on
collaterals of railway stocks at 2 to
2% per cent per annum.
Even for sixty-day and four months’ loans on the same col¬
laterals, the supply at 5 per cent per annum remains ap¬
parently undiminished. There has been no change in the
nominal rates of discount of mercantile
paper from 5% and
C for first-class double-name
paper for GO days and four months
and G and 7 per cent for first-class
single names. It is, how¬
ever. generally known that
paper must bear the closest scru¬
tiny to be discounted at all.
The superabundance of capital
for loan on collaterals, while
it is so slow to go into any more
permanent kind of invest¬
ment. shows that the distrust referred to last
week, in view of
the increase of fixed capital in
railways, mills, factories, coal
mines, iron foundries, etc., in the last few years, is still an in¬
fluence of considerable importance.
Capital is awaiting the
outcome of the investments
already made in that form of
property.
The Bank of England this week reduced its rate of
discount
to 3 per cent, from
3%' per cent last week, and at which it had
remained since September 12, on which date it was reduced to
3% per cent, from -1 per cent, the rate that had prevailed since
May 10. The Bank gained £127,000 in bullion and the per¬
centage of reserve to liabilities was increased to 41% per cent
from 4G% per cent last week, and as
compared with 22 7-1G
on May 10.
This great cliaiige since May in the condition of the
Bank has been the result of a
purpose to prepare for a possible
export movement of specie to the United States this winter.
The weekly statement of the Bank of France showed
an
increase of 1,225.000 francs in
gold and a decrease of 1,GOO,-

on

Prime commercial
Documentary commercial
Paris (francs)
Amsterdam (guilders)
Frankfort or Bremen (reichraarksl

1H83-5 F. M.

000 francs in silver.
The following table shows the
changes from the previous
week and a comparison with the two
preceding years in the
averages of the New York Clearing House banks.

follows, the prices

September 28.

When

Payable.

1%
1%

are as

being the posted rates of leading bankers:

Railroads.
Clue. St. P.Minn.«fcOm. pref.(quar.)
Del. Lack. Sc West. (quar.)
Lake Shore Sc Mich. So. (quar.). ..
Manhattan 1st prof, (quar.)
Pitts. Ft. Waj’ne & Chic. (quar.)..
do
do special guar, (quar.)

is there any selling of any

nor

consequence.

The following dividends have recently been announced:

Name of Company.

[VOL. XXXVII,.

102%

102*a
*130

follows:

Sept.

Sept.

27.

28.

114
114
120

*114
114

1

*113 4 *1134 *113'% *1134
*1134 113 4 113*2 *1134
*
119 4 *119:% *119%)
119-b
1204 1201*2 120 4 120-4
*130
*131
*132
*
134

as

102*8

101?8

*1204

1214 1214
101% *1014

*130
*131
*132

*130
*131
*132

*130
*130
*131
*131
*132
*132
*132
*134
1844 *1344 135
135
*134*2 *134*2 *135
*135
*1354 *1354
*131

This is the price hid sit the morning board; no sale was made.

U. S. Sufo-Treasnrj.—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.
Date.

Receipts.

Payments.

$
989.088 83

24..

<<

or,

“

1,381,28 { 82
1,959,667 62

26..
27..
28..

1.419,617 99
1,468,914 0?

“

“

Total

...

Currency.

$

Sep. 22..
“

Coin.

1,336,779 33

*8,555.351 67

$
7.009,770 081,159,221 40 117,857,453 37 0,827,000 57
1,284.205 61 118.471.708 37i 0,885,747 5S
1,744,694 81 118,070,035 00! 0,882,505 41
2.218,743 97 117.421.170 30j 0,732.299 10
916,432 33 117,1)20,009 84 0,779,011 40

1,338.090 02;

13.711,39.8 14

Above receipts include $i, 100,000 gold certificates put into cash,
t Above payments include $939,0.00 gold ccrtifi :ate? taken out of cash.

State and Railroad Bonds.—During the first few days
of the past week the market for railroad bonds was dull and

weaker, and the tendency of prices was downward, though
not largely so except in a few cases. The heaviest decline was
4 per cent in Richmond & Danville debentures on the
publica¬
tion of the company's circular
showing that net earnings
had been applied to the purchase of new
equipment, and for
betterments, &c. Subsequently, however, these bonds recov¬
ered to the extent of 2% per cent, and close at
58%. In the
latter part of the week the general market for railroad
bonds was better and the tendency of prices was
upward.
The range of fluctuations for the
principal issues in the
seven
days was as follows, viz.: Central Pacific gold Gs
at llljg,
112% 5 Denver Sc Rio Grande consols at 85,
89%, 88%: Denver & Rio Grande "Western first Gs at
G7%, GG%, 71%, 71 ; East Tennessee incomes at 22%, 32,
21, 21% ; Kansas & Texas general mortgage Gs at 80. 81: Louis¬
ville Sc Nashville general mortgage
at 92, 93: Northern
Pacific Gs at 102%, 103.
102%, 103% : New York" West
Shore & Bulfalo 5s at 74%, 52% 73% 731
{> : Oregon Sc Trans¬
.

,

,

continental Gs at 87, 89, 87, 88 ; Richmond Sc Danville deben¬
ture Gs at GO, 50. 58%, 58%' : Canada Southern firsts at
95%,

95%, 90%; Union Pacific firsts at 112%, 113 : New York
Chicago Sc St. Louis firsts at 99%, 99 : Texas Sc Pacific land

grant incomes at 55%, 54% : do. Rio Grande division firsts at
G'5
58. 70%
77%, 55%'. and Richmond & Danville consols at 96%,

97.95%.

In State bonds Alabama class *‘A" have sold at 81
%%S1% :
Tennessee Compromise at 43m 11%. do. Gs old at 38: Missouri
Gs of 1887 at 108%, 1888 at
109%, 1889 at 111%: and Arkansas
7s issued to Little Rock Pine Bluff Sc New Orleans Railroad
at 40.
'

Railroad and Miscellaneous Slocks.—The stock market

during the last week has felt the effects of

the

developments

in connection with the Northern Pacific
Company's affairs.
The main point in this is that the cost of the railroad and its

equipment

to have been under-estimated by some
.$12,000,000. The knowledge of this fact caused
a large
selling of all the Villard stocks, and this, to some ex¬
tent. depressed tlie whole market,
though it is to he re¬
marked that the regular dividend payers were
much
less affected than other properties.
Tn the last three days,

810,000,000

seems

or

however, there has been

pretty general recovery. The result
Friday the 28th, quite a number of stocks
are higher than on
Friday the 21st. The following are lower,
viz.: Northern Pacific common,.
1%: do. preferred. 3%;
Oregon & Trans-Continental, 4%: Lackawanna, 1%: Missouri
Pacific, 1% ; Western Union, % : Kansas & Texas. %.
Those that are higher are Louisville & Nashville, 1; Reading,
%, and'other stocks fractionally.
Friday afternoon the market was adversely affected by the
report of a proposed issue of 15 millions new bonds by the
Northern Pacific, to cover floating debt and furnish additional
equipment. It has not yet been announced wliat form of
obligation the new issue will take
is that at the close

on

a

THE CHRONICLE.

1883.]

September 29,

337

NEW YORK STOCK EXCHANGE PRICES FOR WEEK ENDING SEPT. 2S, AND SINCE JAN. 1, 1883.
HIGHEST

DAILY

STOCKS.

Tuesday,
Sept. 25.

Monday,

Saturday,
Sept. 22.

Sept. 24.

LOWEST

AND

Wednesday,
Sept. 20.

PRICES.

Thursday,

Friday,

Sept. 27.

Sept. 28.

For Full
Year 1882.

Rau£e Since Jan. 1,1883.

Sales of
the Week'

(Shares).!

Lowest.

Low.

Highest.

High

RAILROADS.
Atcliison Topeka A Santa Fo.
Boston & N. Y. Air-L., pref...

Burlington C’ed. Itapiils A No.
Canadian Pacific

Canada Southern

Do
Do

1 st
2d.

00*4
*10

pref

...

*11)

pref
1*132
Chicago A Alton
Chicago Burlington A Quincy. 124*8
Chicago Milwaukee A St. Paul 105 V
Do
pref. 120*2
120*8
Chicago A Nortliwestern
Do
pref. 145 34
124
Chicago Rock Island A Pacific
Chicago St. Louis A Pittsuurg *14*4
Do
pref.
Chicago St. Paul Minn. A Om.

53**4
81
00 v
10 *2
20

..

..

83

8134

25*8
8

8

14*3

15
6*2

6 *2

128
24 V

74

47*2
40
*40
86
*40
41
*03
8 TV

■'!

9

0

pref.

*10*2

New York Elevated
New York Lack. A Western
New York Lake Erie A West.

30 V

31*8

78

78

*05

105

..

Do
Norfolk A

Western, pref
Northern Pacilic
Do

pref.

*15
*30
34 *8

4*4

Ohio Central
Ohio A Mississippi
Do
Ohio Southern

*534

0434

pref

30

pref

Oregon A Trans-Continental..

54
15
45) 34

22 *4
0 *2

17
41

Richmond A Danville
Richmond A West Point
Rochester A Pittsburg
8t. Louis Alton A Terre Hauto
Do
pref.

St. Louis A San Francisco
Do
Do

25

74
48 V
40
45

86
45
41
100
83

*49
2 5 ;,8
07

13

52

pref.
1st pref.

St. Paul A Duluth

04
32
17
*58
*5)0
*28
*47
*5)0

8

15

0ti**8

ti7 *4

1 ti

10

00V
1 < J *2

1
V

i:ib*v

121V

20
8

28*o
8

27*2
8 v

20

14*2

15

15*4

15*2

2 ^*2

2 *0

*0

195

*100

02

*58

25 *2

57 V
54 V

81V 82*2
07*8

08 V

*10

17

105
02

*05
84

30'a
77*2

105
85

31
77*2

21*4

21*2

0*2

5*2
17

*15
40

40

34*2

01

05

4*4

4*4

3°

29 V

29 V

59

51 a4

17 V
01
92
31
48
5)2
33
92

108 V
28-

105) »4
28 V

88
20 V

89
21 *2
33 V

"135

8*4

*0

7

74

25

25 D

20**4 20 V
100 V 1<>3

7

*100

105

"58

62

4SV
*40

*82
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10
*41
*03

81V
*4 2
24
*50

25
21
102
71 V

25

•

40 V

73

3

48*2

45
80
45
10
42
07 *•>
83

*40
*82
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"To

!

50

49'V

50 V

l'V

45
SO

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•82

45

*40

j

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42
til

83 V'

82

'

*41

18 V

41
*00

11
91

81V

24

14*4

54
14Hj

49

50

129*4 130

*23

20 V
08

V

24 V

V
.50
j
20 *4

*4
05 >2

105
85
31 *2

170
21*4

170

*5
*14
40
32 V

7

*51
14V
49*2
*120

25*4

*72

45
80
45
1!»
42
5)1

*40
*80

50*4

S ^2
8 C
10 *2 19*2
*05
105 I
*84
85

83V;
24* '2
50V!
-

.

3()34

07 V 08*2
*12 a4 13
125*21 12134 123

21*2

0

17

10*2

40
34
05

*30
32 V

4*4

55 V
15

10*2
40*2

03
4

35
00
4

20*2

29*2

9

9

0434
4

50*2

30*4

9*4

52*8 55-a
14*4 14 V
40 34 51
130*2 130*2

132

50

110 *4

'2

8V

18*2

18*2
105
85

*05
85

31V

22 V
*5
*15
*30 V
34

21*2

*5

29 V

31*4

8

54

22'
0
1-7
40
30 V
07
4
31 *2

31*2
17 V
28
*40
*88

31*2
17 V
28
48
92

108*4 109
27*2 28 V

02
3 l

17V
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173a

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02
5)1
20

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4 8 *2

*88
*34

92
37
02

00

30*2
17 V

30*2

-1

*40
*88

1734

8,842

50 34
10
52 *2

30
48
02

30

*2734

30
47
02
o(J
02
110

47
*88
*34
*88

108 V 100

108 V 100*4

V 109

27*2

28*2

27*4

28*2'

87 V

89

V

87 V

SO D

20

21
|
33 *a

20»4

20 34
18

V
18*2

27 V

28 V

*88**2
V

80 V
2 1 V
04 V

03 V
131V

03 V
132

18*4

"28 D
48

30 *2
48
00
00
"3 4
37
*88
02
lit)
100*2
28*4 28 V

32*4

88
20

V
*4
32-V

V
323.4

04
04
131 '4 132

20*2

21
33

13134 132

21

100 *2 100 >2
i

'4

ode

91V

21V'

89

34 V1

34

i 32

•23
•2“
20 V
--8
20*2
*100*2 107*2 '107
100*4 107
17
10*8 10*8

*•>

100
500
000

165,370
410,200
3,757

1,700
200

367,607

!

850

2,700 !
3,050
100
75
100

;

iY<)

”**~

110

121**212V; "i

125

125

i 25

ibb"

12(5*2 127
38 b
30

128-

38**4 3!)'2
12S*b 128 V

38

38

0
*33

7
31

V
12SV 128*2
78*2

70*2

12si

!

0

"0
54

"33

7734

rov

33*2
78*2

128D
*0

7

*33>70 a )■

33*2
80

123**41
7
34

80 V

*132
135
*80
00
05
*01
118 V 120

131
133
80 V 80 V
*01
05
*T10
120

Consolidation Coal.
Homestako Mining Co
Little Pittsburg Mining

!

132

132

"89

ill)
03

*00
118

120

133
132 V *130
80 V 80*8
80*8 80**4!

132 V
til
118

til
110

*21

25

*10

New Central Coal

00*2
110

00*2
110

Mining

*

130
00

130
122

-2

2934

Aug.l^l

*2 Aug. 27
.) line

A

112.

1 1;
28

Ij

08
53 V
90
53
30 V
55
05 ‘2
10t) *8
IS
48 *2

44

02

05*2

9234

133

21V
110*4 150 *4
38*41 74V
8

16

15*2

Aug. 23 105

110

196

208

16

111*4

til

92*2
127 34 150*2
30

23*2
98

| 49*a
45

120*8

49*2

65

40 *2

10034

;>

57

Feb.

9

40

78

60*8

82
40
15

98 *a
56
37
42*4 82 V
93
n
| 105
13
I 21 '
4 1 V
58*4
10
I 36 V
50
! 77

J une 30
8

Sept. 14
Jail. 10
4
Jau
J an. 20
IS
18

20 V
80 V
12
j

181 j
0 t

100

Feb. 16

26*2

6
45
72

Jan. 18
Feb. 10

30V J an.
Jan.
J an.
Apr.
Jan.
June

140

S7e!

Jan.

Jan.

58*4

97*2 117

21

J une-20
Aug. IT

175

140*4

42*a

112 V
35V

128
87V
138

17 V
37V
109*2

60
23
40 34

Sept.251 89

Aug.30! 28

39

130

139

13
52
23

40

31

40

250
1263
Juno 2
Apr. 4! 17*2! 36*a
J une 10,! 20*2 50
94 V
Apr. 111 i 03
J ill v 23

Jan. 13j
Feb. 10

9834
39 V
67*2

Aug. ll! 23
Jan.
Mi 85
Aug 28 103
22DAug.lt 30*4 May 3D
41

Aug. 14

V

91

Feb.

50*2June

2t)! 9734 June 16
109*2 Apr. 10|
1 1! “43 Jan. 13

08

ug.
15
Aug.2!)
80 *2 -Vug. 13
15
Aug. 14

99*4

108*2 106*3

1103 V J ulV2t '

34
j 55
15
| 31
98 *4'119 V
23 V 39 V
45
71V

2718Junel4

104V Jau. Tsi
30*4 Jan. 18,

‘

“

74
00VJune 15
05
132
140 *2 Aug. 30 125
53 V
10
Aug. 23| 30 V Apr. i 0
25
103 *8 Aug. 30,112 V Apr. 14 jj 102 V IIO3*
15
An- 31
25
Jan. 17II 19V 30*4
55
55
Mar. 13* 123
July 20 i 37
75
Sep t. 24i 01 *2 Mar. 5;

61 *2Aug.31 j
121
Juiv 18

455
i

001
415
27
400

,

103 *3
124*2 Sept.25| 150 June 14 128
28 ~Aug. 14! 4 134 Apr.
9 i 32**4 48 V
145
117
Feb. 2:0134
June 13 117
8
0*2 Mar. 3
14*4
7*2 J line 15!
40
40
*2
Mar.
**ib*b 33 Aug.
02*4
6,
70
1
93 V
A
unol
88*4
J
4
71,812 71V ug.

3,250

18,000
1.5)00

133

"GO

03

02
85
110

*117

110

127

the prices hid and

*10
270

Pennsylvania Coal




47
21
1 4
48
SO

bo

285

12,

'270** 285*

88
:

......

■

......

1

asked;

no

sale was made at the Board.

t Ex-nrivilecre.

0

A11V.

1

10

0

Jan. 19

...|

*17

00

| 02

27 V Jan. 10|

May 18
Mar.

133

5

55*2 May 17 05 *2 Jan. 0
128
June 21
110*2 Sept.

125

27*2
15 V

IV

iV

149*3
97*3
80*4
132
36 V

1934
2*4
2*3

26
Jan. 151
14
J;m.
4
13*2 23
Aug.
33
40
35 *2 Jail.
Fel>.
8
Feb.
280V J ul v 21 240 245
18
18
Jail.
Fell.
3
37V
*2 Jan. 121
IV
*4 Mar. 20
6 34
4
2V
i
*4
1
I
4
!
----,
|
2
2V
4 *2
19 V
7*4 July
5*4 Sept. 7,
.

....

200

Jan.

04*4June

Mar.

10
18
270
14

......

......

i>V

1545

120*2 May

24
15

13

Cameron Coal
Central Arizona Mining
Dead wood Mining
Excelsior Mining
Robinson Mining
Silver Cliff Mining
Standard Consol. Mining
Stormont Mining
are

Jan.

10*4 Aug. 1

*1*2

Maryland Coal

Tlie.se

J tine 14
Jan. 22

20**4 Aug. 14; 57*2 Jan. lSj

Mariposa Laud and Mining
Ontario Silver

Aug. 14 148
Feb. 17 81

120*21141
90 V 128*4

|

EXPRESS.

08

J: u. 20
Apr. 5

22,075! 24 V A
140,530
10,025
20,527

1,705

112

Aug. 28 200

29

114*2144 *4
124
150 34

97**4 May. 5

Aug.24i 82*2

|

60 V
2!! 43
87*2 Aug.23 100*2 Jan. Ill' 79341106*3
33
Aug. 13j 40V Jan. 0, 20 | 42 V

10,000

‘2:;

112

iio

3

Jan.

Jau. 19!
Jan. 1 Sj
91,302 40*4 Aug.27! OL*8 June 15;
89 129*4 Sept.241138
Jail. 19!
| 5
June27; 15*2 Aj»r. Hi;

1,000

j

xiib

,

’

47
Aug. 15 0 s *u
34 V
21 *8 A fig. 1 1
03
Aug 14 100 V
10'2
10*2 Aug 13
J20
Feb, 15 120*4
50*2 May 17 04 V

51
12

900

i32
17

21

127*2 145*2

80*2 Mar. 5|
40V Jau. IS 33*4 4334
88*4
83 Jan. 51 67
60 V
52*4 Jan. 9: 45
186
169
Jan. 16 183
May 28 168
1934 Aug. 13] 29V Apr. 14; 20*2 31V
5
Aug. 28*
8V May 10
1434 Aug. 111. 2l34 May 10
32
44*4i 60
Aug. 14! 49a4 Jau. 20
2834! 64 V
3134 Sept.24| 53 *8.J une 14
66 34 100V
01
Sept. 24! 90 V June 14
11V 25V
3*4 Sept. 61 14*4 Apr. 13
42
27
Aug. 14: 3634 Apr. 13| 27
90
96
34 112
Feb. 10 112*2 June 13!
23 V
7
July 24> 1434 Apr. 24; 11

"

87 *2
20 >4
32 V

Vi

Sept.24
28V Aug. 13|
72
Aug. 13
20*2 Aug. 81

"

58 *2
30

27
41*2

73

8 4

54,430

......

54 V
*15

10
38

00

■*333

23
0

0734
3V
31V

19*2
27*4

35*2 Jail. 20

11 i 11934|
3,500
Jan. 22,| 47 i
GO,404 113*2 Aug. 13 120*8 Mar. 10 123 V!
025
7
10*2
Aug. 13 j 15 *2 Jau.
5
27
100
17
Aug. 13’ 35
Jan. 4

22
*5 *4
*15
‘39 *4

15
50 V 52 V
51*8
131
*131
131

30*4
17 V

200
104

200
500
58

57*V *5*9** *58**

00

-1

,

23

*

*00
31

80

:

10,275
30,870

2134

3134

*14*2

38
80

400

31V

17
30*a
30*2

97*2
97*8

80V«Tune3():
40V Aug. 27j 58 *2 Jail. 20

1,200 !

31*4

3434
05 V
334

9*4
50V

OO

10,300

180

'170

21*2

50
115 V

’•’

38
Aug. 17 i
Too! 15 Feb. 21 j
3,512 ! 91 *2 Aug. 13
lot) * 70
May 17i

25

503.4
20*2!

13 *2'

*

114,548
1,475
91,07.0

100

V
50'2
20

44
03 *4
82

Aug. 14! 35 *2 Apr. 9
18*2 Aug. 13' 33*4 Jail. IS
9H34 Aug. 30.jl 14 V Jan. 18

200

30

0734*

8*4
8 34
10 *2
*05
105
*84
85

31*8

•4 1
*2 i

85*8

13! 88 Jan. 5
1-4j 2334 Jau. 20

Aug. 14

72
j
190
58
1,825 | 124
185
77
19 *2
1,950

100

:,4

95*2
80*2

07

407,047 118*8 Feb. 10 131*2 Apr. 13
95,500
21 *4 A ug. 21
51 *2 May 3
1,500
7
Aug. 14 11*4 Apr. 13
2.105
13*2 Aug. 14 23
Apr. 14
100
10 V Apr. 12
5
Feb.
9
38
Mar. 0 4034jan 17

04
S3

on

84 JulV 5
05*2 May 3
71 «4 J a 11. 19
80 June 15

14!

42

82 V

| 23

.

45
80
45
10

"40
IS
"4 1
*00

*

*

51V

75

84

3

18
Aug. 31) 27
Jail. 22
344 :128
Aug. 15 137*4 Jan. 22
115 V Feb. 20,120V Apr. 13
07*2 Aug. 14 108 *0 j an. 20
1,004 110 Aug. 14 122*4 Sept. 7
20,550 110 V Aug. 14 140*8 Apr. 13
050 137 *2 A ug. 14:157
14 i 157
Apr. 13
1,210 117*2 Aug. 13127*.
•’-’4 Jail.
5
100
10*2 Atm. 31 j 22
Apr. 21
38
Aug. 11! 57 34 m ay 10
2,750
30 a4 A ug. 13! 5 5
J an. 18
07
A11 »•. 14 11 3 *4 J nn.
5
38
Mav 221 40*2 Mar. 9
1,400 59 Aug.
8D Jan. 5
70 124 *2 Aug. 13 142
Jan. 20
300
2*2 Sept. 15
7*4 Mar. 5

25*2
74

84 V Mav

Mar. 28

5,022
220,OSS

......

102V 103 *2

71 '2
50 V

-.-*"8

90 34

*12V

i

100

.....

103*4

8434 Juno 14

78

33,575! 02*o Aug.
250
13*2 Aug.

120*4

25 *2

78*2 Fob. 17

Sept.24i
22,100
52 V Aug. 13|
0,200 | 48 V Aug. 14
42,011 ; 08*4 Jan. 8j

bi

21

125*2! 123*2 123*2 *124
54
55
i
50
50
114
115*4' H5V H534

*95
85
30

4*8
29*2

50 *2

07*2
..

01V

121 D 122 V
26 V 28 V
8 V
8*8
15 *2 15*2
*6

*58
120

12834 120

i'o’dv i02V

1 •>

55*4 *53 *2 50
114*2 115 V 113 a4 115 V
*8 *4
8 *2
0
8 *2’
-1C. V 20
*10 *2

MISCELLANEOUS.

Wells, Fargo A Co
COAL AM) MINING.

57
54

......

uov

04
tit
American Tel. A Cable Co
132
Bankers’ A Merchants’ Tel...! 132 V 133*8 132
20*2 21
Colorado Coal A Iron
100
107 8 107 V 100
Delaware A Hudson Canal
10 : *4 17 f
10
10
Mutual Union Telegraph
rl 10
120
120
New York w Texas Laud Co.. '110
75
70
80*2 8 1 *2
Oregon 1 niprovenient Co
125
125
I2434 125
Oregon Railway A Nav.Co
38
38 V
Pacific M;iil
37*4 38*2
130
128 V 1-8 V
130
Pullman Palace (far
*0
7
*0
7
Quicksilver Mining
*33
34
Do
3 3 ’*4 *32
pref
70
79 V SO *4
Western Union Telegraph
70*2

Adams
American
United States

54
82**8
Os V
10 *2

110 V 121 *4

...

.

*57*4

135

135

128*3 128*2 *128*2 129

08
13

3134

32*2

V

'Oil

Texas A Pacific
!
Texas A st. Louis in Texas
Union Pacific
Wabash St. Louis A Pacific...
Do
nref.

70*4

53V
80V

135

0*2

2534

04

Do

pref
St. Paul Minneap. A Manitoba

50 V

5334
81

1*133

27

8

25C

30-8
08 78
4*4

15
50 V
Philadelphia A Reading
Pittsburg Ft. Wayne A Chic.. *x28 *2129 *2
Rich.A Allegh.,8t*ek trust ctfs.
Peoria Decatur A Evansville..

57V

53

.

i7<r 170**
21

1*2*1

15
*0

'121

pref.

.19.

5(>V

......

*53**2

Do

128 V

10134 103

*53*2 50
115 3a 115-4

New York A Now England
New York New llavou A Hart.
New York Ontario A Western.
New York Susq. A Western...

07 *4

135

119 V
25 V

......

NashvilleClyittanooga A St.L.
New York Cliic- A St. Louis..

57*8
53**4
80**4

20

*190
*58

07 V
*13

>

26*2

4*5

*43.
24
*50
_.

New York Central A Hudson.

7 5 *4

310
40

*

20
20
*18 *2 20
l *18
| *18
*133
133 >4 133 >4 133
135
' 133
133
135
124*4 125 i 124*4 124 V 125*8 125*2 125*4 125 :»4
104 78 100*8 4102 V 100 V 102 U 103 V 102 V 103*2

*18

20

i Yb**I m*‘

Missouri Kansas A Texas
Missouri Pacific
Mobile A Ohio
Morris A Essex

Do

.19

*133

"23**4

..

pref.

Do

10*2

81

’*6*2“ *63'* *02** 02*4 *oT*4 **62** ”bi** ’of* **o*iv ■*6*2"

24
52
20 *8
00
14

Minneapolis A St. Louis.

00 v

‘18 V

*

.

pref.1

Do

00
*10

81
7 5 *4
50 V
52 V
70 V
00 *4

134*2 134 *2
124-V 124*4 124 V
105 V 104 V 105 Vi
120*2, 120*4 120*4! 120 *2 12 L j 120:*4 121
x 117 '2117a4 *117*2 118
125 -’a 120 34
126 VI 124'8 120 V 125
120 V 120
120*4 125
127
145
145
145
140
140
*145*2
*2
145
-4
140*2 *147
145'U
124
122*2 123 I 12334 133V
121V 123 j 123 123
*14
15
14;,8 14 V *14
14 < e *14 V *14*78
14V *14*2 15
*45
40
I *45
*45
40
40
*47
40
*45
40
48*2' *40
4034 41V 40*4 4034
40*4 41 I 41
40'*8 403a
40*8 40*2
41*a
102
103
102*2 102 ;*4
102*2
102*2 102*2
103*4

...

Milwaukee L. Sh. A Western

78V

57

53*4
79V

134

Do
nref.
Cincinnati ^and. A Cleveland
0*4 *4 04 *4
Cleveland Col. Ciun. A Ind
135
Cleveland A Pittsburg, guar.. ‘133
Columbus Chic. A Ind. Cent..
Delaware Lackawanna AW est. 121**4 i.23 *
25*2 26 V
Denver A Rio Grande
8*4
8*4
East Tennessee Va. A Ga
15
15
Do
pref.
*6*2
7
Green Bay Winona A St. Paul
Hannibaf A St. Joseph
92
Do
pref
|
Harlem
*58
02
Houston A Texas Central
120
129
Illinois Central
80*2 80*2
Do
leased line
25
Indiana Bloom’n A Western
25*4
Lake Erie A Western
102 34 103 V
Lake Shore
10
7 5 *4
Long Island
Louisville A Nashville
48*8 48 V
Louisville New Albany A Chic
*40
45
'Manhattan Elevated
*80
Do
1st pref.
*40
45
Do
common
*18
20
Manhattan Beach Co
41
41
Memphis
Charleston
*03
100
Metropolitan Elevated

Michigan Central

50*2
52 V

57*4

57
52

V
70*2

Central of New Jersey
Central Pacitie

Chesapeake A Ohio

“7*5” *75**

24
0
10
2
27

•

„

....

4 Lowest price

....

7j

is ox-dividend.

IV

1*3

CHRONICLE.

THE

338

[Vol. XXXVII.

SECURITIES.

QUOTATIONS OF STATE AND RAILROAD RONDS AND MISCELLANEOUS
BONDS.

STATE

i

81
82
83 l
99
! 8IV
1 103 I....

4s, 1906

Class C.

6s, 10-20s, 1900
Arkansas

Louisiana—

1

7s, consol., 1914

7s* small

102
104
104

,!

70

65

i

#

j

i

|

!

116

6s, due 1886
6s, due 18.87
1
6s, duo 1888
>
6s, due 1889 or 1890....'
Asyl'm or Univ.. due’92'
Funding, 1894-95
?
Hannibal A St. Jo., ’86.
do
Do
?87

106 V
107 V
1 OS !
110 I

Funding act, 1866-1900

i

Special tax,class-1, ’9S-9

112
117
10.)

30

’...'

6s, old, A.AO

’92-8!

16

!

A.AO
Cliatbam RR
Do

|

j

j
j
«».)

j

4

76

i

107

6s, 1886..

!

Rhode Island—
6s, coupon, 1893-99

*o

tinned—
1st, ext., 7s, 1891

1866.

j
:
....j

new, 1867

consol, bonds

41*2

ex-matured coupon.|

consol., 2d series

Funding

m

Do
•Do

116

42 *2

50
8

—

10

109
109
i 109
110
5s, 1899
small
| 110
registered...' 110

BONDS,

31 ich.

Del. A Jl.—Con

new,

Gs. deferred
District of Columbia—
3-65 s, 1924
Small bonds
Registered

SO

783e

'

6s,
6s,
6s,
6s,
6s,

6
6
6
6
6
6

4
4
4
4

Wil.C.Altu.R.;
W’n. A Tar It.

4s, 1910*

.

4

Western RR;..!

Consol.
Small
Ohio—

I
j

!

6
101

41
36
86
86
68

C*nip’mise,3-l-5d>s,i912'
Virginia—6s, old
!

16
3!2

class 2
!
toW.N. C. RR.i

Do
Do
Do
Do
Do

RAILROAD

Railroad Ronds.

10

I
0s, Act Mar. 23, 1869 ?!
mm-fundable, 1888. (J
Brown eousol’n Os, 1893 103
36
Tennessee—6s, old, 1892-3
36
6s, new, 1892-8-1900 ...!
36
6s, new series, 1914-....!

12
12

10

1868-1898;

bonds, J.AJ.,

New

i

i

6s, gold, reg., 1887
j 103
6s, gold, coup., 1887
108
'112
6s, loan, 189 L
0s, loan, 1892
115
0s, loan, 1893
117
HX. Carolina—6s, oid, J.AJ.
30

i

Do

!
109 J

.

New York—

'

i

.

Missouri—

10
12
56*2 62
40 !....
35 I....
85 !....
19 i 23

100

! 116

7s, 1890

South Carolina—

N. Carolina—Continued—*
No Carolina RR., J.AJ t 160
Do
A. AO
t 160
Do 7 eon p’s off, J.AJ.; 13.5
Do 7 coup’s oft', A. AO. 135

62V

31 ichiiran—

—

6s, funded, 1899-1900 ..!
7s, L. Rock A Ft. 8. iss.l
7s, Menu*.A L.Rock RIt
7s, L. R. P.B. A N.O. RR
7s, Miss. O. A R. R. RR.
■7s, Arkansas Cent. ltR.
Connecticut—6s, 1883-4..
Georgia—6s, 1886
i
7s, new, 1886
!
7s, endorsed, 1886
7s, gold, 1890
...j

j
'

Louisiana—Continued—
Ex-matured coupon

AlabamaClass A, 3 to 5.1906....!
Class A, 3 to 5. small...
Class B, 5s, 1906
;

Ask.

Ask.

Bid.

SECURITIES.

Ask.

Bid.

SECURITIES.

Ask.

Bid.

SECURITIES.

Pitts. B.A K.—lMt.6s.1911

Cent.—Continued—j

Coup., 7s, 1894
R<‘g “

(Stock Exchange Prices.)
Ala.Central—1st, 6s, 1918
Alleg’y Cen.—1st, 6s, 1922
A tell. T. A. S.Fe—4 V1920
Sinking fund, 6s, 1911.!
Atl. A Fac.—1st, 6s, 1910

1st
All

94
*EO
-0
1 84

Balt.A O.—1 at,6a,Prk.Br.
Bost. Hartf. A E.—1st, 7s
Guaranteed
i

*413

1st coils., 6s, 1906
Rens. A Sar.—1st, coup.

1st, reg., 1921

’Ui Ha
>

.pa,
a‘>

Mo).K.A

l.—

wSf,’

br< iJ-O,
l«)•’()
*<n.J6s,

*102Lj 103
80 v 81

i

1

Oil

1014

inirnmn

j;

•* 1

‘

Incomes,1900

SciotoVal.—1st,

100d"i 106V
bins. 7s, 1904-u-G.V2
Cons

----I

eons.,

7s.

*
-----

H1M7
107
*106 V
Cairo A Fulton—1st,7s.! 106 ‘s iOOy
Cairo Ark. A T.—1st, 7s 100:,>j!
Gen. r'yA 1. gr., 5s, 1981' “74;v 75

St. L. A Iron 3It.-lst, <s
on

2d, 7s, ko?
1897

.-

Arkansas Dr.—1st, 7s...

„

Lst'os 1921

1

trai IowaIowa—lst,7s, ’99
Central
East
fHi

idV' 1liVt_\u" °Slit 7s "i0.')'*

or

106 V j

gold, series A, 1908.
II

rrrUU

r

i

Mn™

9.5 *5

15108.

cr

1st.

iS’
Divisional'5s. 1930.'!!

.Morgan s ini. A r .—isc, nsi

oo

ti-i

j
72

i

j

74

|

\
1887..j 1 06

102
! 107

110
102
116

1(*434

^ll’-lM^cp^s!
1 30 131
WRG.J;
’ >- -l3 30 Hi 181
1st,reg., 1903!
*2

_

JIuds.

Eliz. Lex. A Big S.—6s...

**4

-

Nash.Chat. ASt.L.-lst,<sj

; N. Y. Central—6s.

M

-

!!Efe<’A*N._SA.rteb.c.O,
i! 1st, 6s, 1920

Cbes.A Ohio—
lia

„

r;---1:Det.Mac^AMa,a

|

R.-7s,2d,s.f..’85i‘l04Hi.-----■

'

-

-

-

96's

'

1

!j Min's Un.—1st,6s,1922.
,St. P. A Dill.—1st,5s, 1931
So. Car. Rv.—1st, 6s, 1920

.i

..

2d, 6s, 1909
1st consol. Os. 1933

11 **

2d, Gs. 1031

126**

10814
1081*

St. P. 31 inn. A 31 an.—1st,7s

'■

HO

ill*"

102

lli
102

10iV4 i*o*5*‘
101
107

105

Slien’d’h V.—1st, 7s, 1909

i 106 *4
j 106 Hi

*5*2

25

10
10
*53
70

1910

is, 1910

1927j
94 V i

93 Hi

303

iiGal. Har.AS.Ant.—1st,6s

.—Gen’l.Gs
Chic. Div.—5s, 1910
Hay. Div.—6s, 1910
!

......

**6*2*
*79*’

75 7s

86 Hi

Tol.P.AW.—lst,7s,l 917! 104 Hi
90
Iowa Div.—Gs, 1921..,.
Jnd’polis I)iv.—Us, 1921
Detroit Div.—6s, 1921..
*8*6**
Cairo Div.—5s, 1931
95
Wabash—31., 7s, 1909..
Tol. A W.—1st,ext.,7s* 104
*99 Hi
1st, St. L. I)iv„ 7s,’89
98 Hi
2d, ext., 7s, 1893
1
Equip, b’cls,7s, 1883. J
*83** 85
Consol, conv., 7s, 1907
104
104 Hi
Gt. West.—1st, 7w, ’88
2d, 7s, 1S93
! 99
Q. A TJ—1st, 7s, 1890. ;
IIan.A Naples—1 st,7s
.

"

...

**

......

1st, 7s, $g
1st, LaC. Div., 7s, 1893. 3J 7
1st, I. A 31.. 7s, 1897. V 117:4
1st, I. A D.,7s, 1899....! 3 38 ,
1st, C. A 31.. 7s, 1903...- ‘‘20
Consol. 7s. 1905
...; 321H*
2d, 7s, 1884
Cl<>4
1st, 7s, LAD. Ext..1908 120
8. W. Div., 1 st, 6s, 190:).' loo
1st, 5s,LaC.ADav.,1919
90

1st,S.Minn.Div.6s,1910 307 Hi
1st, H. A D., 7s, 1910 ..i 11 6J4

310

Cli. A Pae. Div.,6s, 1910

1st,Chic.AP.W..5s,19211

Min’l Pt. l)iv., 5s, loio.!
91
C.A L. Sup.I>iv.,5s, 1921i
90 Hj
Wis. A Min. 1)., 5s, 1921)
C. A N’wost.— S.fd ,7s.’85'"l<>4
Interest bonds, 7s, 1883' 102 H>
Consol, bonds, 7s, 1915.}*T3U
Exteus’n bonds, 7s, ’855.i

1st, 7s, 1885

i*T04

Reg., gold, 7s, 1902

| 3 23

Coupon,gold, 7s, 1902..J

123

,,

.8
138

■‘.sinin
1st consol.. 7s, 189<
3**

122
305
l20Hi
95

2d,6s. 1907
Gold. 5s, 1951;

East'11 Div.—6 s,

8
ll0'rt
94
1

91 *g

j

2d, 5s. 1911
Int.A Gt.No.—1

st.Gs.gold
Coupon, 6s, 1909
1
ICent’ky (Jen.—31.,6s, 1911
L.Sb’re-3I.S.AN. I.,s.f.,7s

;

L24

Syr.liing.AN. Y.— 1st,7s 3 25 '4 127
Morris A Essex.—1st,7s 137 V1
......

price Friday—these are

j

l!r.(!

I1

V^,D|

86

300
307
80

110
|

2d, 3s, 1980...;
1

j

Nasltv. A Dee.—1st. 7s.1
S. AN. A la.—8. f., 6s. 19 H*i

!
1
i

96

At.C.AP, -lst.Us,1905!
A t. .1 .Co, A W .—1st, 6s;

Oreg. Short L.—1st,6s!

Coupon, 5s, 1931

i:egi>Tei ed. 5s. 1031

1st, 6s, Peirce C.A

|

92
96

95

l05Hi

Ind. Bl. A W.-Ine.,

!
31-V
| 30
|.

jj Consol., Inc., 6s, 1921..

J I nd’s Dee. A

(44

spr’d—2d incj

j; Trust Co. eertilieates..

29
96

95

19i9j

-- —

1

70

Leh. A Wilkesb.Coal—’88;

Lake E. A W.—Inc.7s, ’99

,

0..j

40

*

j

92

103

I neome A Ld. gr., reg

Pennsylvania lilt.—

1

'

r. 4 His.lst
Degistered, 1921

Pa. Co's gu

,

2d, 7s,,'*191

;

1

54 V
77 H2

Tilts F I. W
*>
2d, 7 s,.191
3d. t s 191 ‘J
Cle v. A i’itt;s.—Cons.s.f.
41 h. sink. I'd., 6s, 1892.
St.L. Y.AT. It.—1st,g.,7s

!

■

.15

J

■ SI. L ,.Ai..\r.- -1st,7s, pr.i.a;
....1......
2d 6s, int. aeeum’lativel
1 3 ? J4
St'g i. A It V.--Ser. D.,inc.’94'
1:53 H» 135
St.L .A. AT.,!L—Div. bd* (
131
:
' sbeina'h V.- Ine.,Gs,1923
124
125 Hi Tol. Del.AB. .-Inc.,6s,1910'

.

^

2d. guar., 7s,

t

1898

Coupons

ou

82

*109

7 3 Hi

12" I

■1*1*5**
5*6**
*44

!
1
...

63

;

since 1869.

-

.

Dayton Div.—6s, 1910.J
;Tex.ASt.L.-L.g.,ine. 1920
;

44
31 Ha
65

2.)

-

I

69
48

40
25

45

Gen. L. Gr.A Inc.—1931
Tex.A'G.L. in Mo. A A.-2d

!
1

—

2d, 7s, 1898

”99 e 190

Peoria D.AEv. —111c., 1920:
Evans. Div.—Iue., 1920!
Peoria A Pek.Un.—Ine.,6s:
Roeh. A Pitts.—Inc ,1921!
Rome W. A Og.—l nc.,.-7s. i

,

A Cii.—1st

,

.123 e
103's

1

92 y

e.

Pitt.C.ASt. L.—1st. e.7s
7 s. 1900 ...l.
1st. re
.

90H*

'105

..

1st, HioG.Di v.,6s,1930

!

102

102 H> 103

!

N.Y.Lake E.AW.— Ine.Os
N.Y.P.AO.— 1stinc.ae.,7s
Ohio Cent.—Income, 1920;
3Iin’l Div.—I ne. 7s, 1921 j
Ohio So.—*2d iue., 6s, 1921;
Ogdens.AL.C.—I ne., 1920'

1

......

3Io.—1st
i
Tex.A Pae.—1 st,6s, 1905

Consol., 6s, 1905

lone 1,> 1

latest qaot iticns m uie this woek.

92
. - - -.

2o-‘4

Ret. Mae. A Murq.—111c..;
E.T. V.AGa,-Inc.,6s. 1931
G. Bav W.A St.P.—2d,inc. *

101-y

Equipment, 7s, 1895..I
Gen. mort., 6s, 1931..
So. Pae. of

77

89

115
TU4

So.—Gen.,7s ,1909! 105

Ut.

1

N. Y.A31. B'h-l>t ,7s,’97
Marietta A Cm.—1st. 7s

..

i
!

1212Hi:

Manhat.BYhCo.—Ts.1909;

6s. 1909...

u

1107

Pae.—1st, eons.,6s.i l0534l01Hi j sand’ky Div.—Inc., 1920:
3d, 7s,1906
i 116*4 6^4 Laf.Bl.AMun.—Iue.7s,’99
PaeiI'm-of Mo.—1st, 6s: 105a*- iOGHi Mil. I*. S. A W.— Incomes '
2d, 7s. 1891
J10;:4
Mob. A O.—1st prf. doben. -*
St. L.A S.F.—2d.0s.cl.Ai
97 |
,
2d pref. debentures
1
3-6s, class C, 1906
i '96 i..._... j 3d ]>ref. debentures
j
9< Hi 1 4th pref.debentures
96
3-Os, class 15., 1906
i
l

95

Leban’n-Kno.c—6s, 1931 300 1
LouisV.C.A L.—6s, 1931; 105
j
L. Erie AW.—1st.6<,1919
92 ; 96
bamluskvDiv.—6s,1919 * —98
l.af. Bl.A M.—1st,0>. 1919,
96
Louisv.N.Alb.AC.--lst.6s' 95 ; 98

2d. Us. 1899
31 ex. Cell.—1st, 7s, 11*11.
Midi. Cent.—Con.7s, 1902
Consolidated 5s, 1902

si

Mo.

98

••

j

3Iut. Uji.T.—S. F.,6s, 191 1
Oregon D It. A X. —1st. Gs

1st, 6s, 1896
'107 ,108 ,
Den. I)iv.,6s.as’d.’99 108
108 V
1st consol.. 6s, 1919.99eiOJ i
C.Dr.U.P.-F.e.,7s,’95 100

Extern, 1st, 7s, 1909

*90

!

Clar’da Dr.—6s,1919,

INCOME BONDS.
0,»-!s '(interest payable if earned.)'
1 Alleg’y Cent.—liie.‘, 1912.Hi Atl. A l’ac.— Inc.-, 1910... i
31. j .Central of N. J.—1908.... |
jH7 i Cent, la.—Coup.debtetfs.i
!
Ch.St.P.A31.—L.g. ine.,6s>
( hie. A E. 111.—I lie., 1907 j
108'g j>esM.AEt.D.—lst,inc.,6s;

Pac.—1st,6s,'95 *

Kans.

*

General, 6s, 1930

i

|j

!

-V/’Os

.Sinking funds, 8s, ’’93.'
Registered 8s, 1893.
!
Collateral Trust,6s...
do
5s, 1907

- -

Peusae’la Div.—6s,1920|
bt. L. Div.—1st,6s,1921:

i 96
i

60

,

I

E. 11.
N.—1st.6s,1919
II. A
A N.—lst.6s.1919-

til

State Aid bds., 7s, ’84 *3 01
Land grant bonds. 6s ' 305 H> 106
West. Pae.—Bonds,6s
---.
ilO
So. Pae. of Cal.—1st, 6s. 305_ j *
Union Pacific—1st, 6s.. 1127gll3
J.aml grants. 7s,’87-9. HO
HO

70

*91

112 H»
Cleve. P. A Ash.—7s
j
.1124
Dutf. A Erie-New bds.
Kal. A W. Pigeon—1st.
D e t. 31. A T.—1 s t ,7 s. 19 ()6!
Lake Shore—Div. bonds 121V..3-- i]
124
c on sol., coup., 1 st, 7s.
j
j
!
Consol., reg., 1st, 7s.. 1*24 :
121
!
1
Consol., coup.,,2<1. 7s.

N.O.A Mob.—Ist.6sl93(!

6s
l'rtl

Jll.ASo. Ia.—1st Ex.'.Gf

St. Cbas. Br.—lst.bs:
|
'
No. Missouri-1 st, 7s.*
119
P’n-isi iis1
j ^
>
l'>2»a
West. Un. Tel.-1900, ep. l|-_ !-.--.
! 1 u<. k
^
V.: i1
1900,reg
113"3 ll4Ha
San Joaquin Branch.'.! 306 -g 107
N. \V. Telegrapli—7s, 1901
Gal. A Oregon—1 st. 6s'
104

l(,J

1

k

‘V^V-Gen

10.5

-cSi»

ss

'rVi'VViV'iV.
!,;!,n'V.V n^i.'A’Fv —1st'

Cleve. A Tol.—Sink. fd. 304L
New bonds, 7s, 1886.. *304

31etr’].’lit n 1H1.—1st, 1908

2d, 7s, 1891
113 Hi 3 15
Bonds, 7s, 19th)
*
114
7s of 1871, 1901
”121 1
1st, consol., guar.. 7s. 3 22 “s 123
N.Y. Lack. A W.-lst. 6s 1 1 7 G
Del. A 11.—1st, 7s, 1881.. H'2 -*
113
1 13:ij
7S.1891

Oreg'nACal;—1st,6s, 1921

j < >r.A Trans’l—6s.'82-1922

wo

-1
i
Consol., reg., 2d, 7s
j
Long Isi. R.—1st,7s, 1898 117 V
1 st consol.,
5s. 1931
1931
; 99
j 1st consol., 5s.
• I.ouisv. A N.—Cons.7s,’9Si 118
2d ,7s, gold. 1883
! 102
Ceeilian Dr’eli—7s, 1907 1 <*2

,




1921...

’•

Imlianap.D.ASx>r.—lst,7s:

■«

Escan’aA L.S.—Ist.Gs.l
I.
Des 31. A 3Iin’s—1st, 7si*134*4;
Iowa Midland—lst,8s..j’l25
Peninsula—1st,conv. 7s;
7s 120 {
Chicago A Mil.—1st, 7s.1 *
121H>
Win.A St. P.—1st,7s,*87V
1108
2d, 7s,1907
i
j 125
Mil. A Mad.—lst,6s.l905;
!
YC C.A. I
I nd’s—1st
.id’s—1st ,7s,s.f.
.7s.s.t. ”120
”120
C.C.C.A
:21
Consol. 7s, 1914
: 120
C.St.P.M.AO.—Consol..6s 109 Hi 110
,li434
C.St. P.AM.-l st.Gs.l 9 18 114
N. Wis.—1st, 6s
1930..i
116'4
St.P.AS.C.—lsl’ds.lOlO- 116
97
9>
Chic.AE. 111.—lst,s.f.,cur..
91
Chic. St. L. A P.—1st,eon 5s *8 J
1st, eon., 5s, reg., 1932.
Chic. A Atl.—1st. s, 1920
95
Col.A Green.—1st,6s,1916
87
2d, 6s, 1926
Stic
79
Col. H.Val.A Tol.-1st.5s
Bel. L.A W.—7s, emiv.,’92 115'j 117
*123-y
Mortgage 7s, 1907.

No

xUj

2dl)iv.. 7s, 1894
v.
•ed. F. A 3riim.—ls'.7s
I Ced.
I ml. Bl. A W.—1st prf. 7s
1st. 4-5 6s. 1909
1

I
Sinking fund, 6s, 1929.1 10JV
Sinking fund, 5s, 1929.!
101 =4 !
Sinking I’d,deb. 5s, 1933:
;
Sinking fund, reg
■
:
i

*

■

26,4-5-6.8,1909;
91

v113 Hi

111 .€ ’cut.—Sp. Div.—Up. 6s
3fiddle Div.—Reg., 5s..

4

•

’21

j

-

30

(Quotations in Boston, Philadelphia ami Baltimore.

Securities.

New York Local

839

CHRONICLE.

THE

1SS3. ]

gEITEMCER £9,

■H’

Insurance Stock

Bank Slock List.

List.

| Ask.j

Bid.

SECURITIES.

[Prices by E. S. Bailey, 7 pine St.]

COMPANIES.
Par.

[arked thus c) a:
not

Bid.

National.

100
|
Amsr. Exchange...; 100

Broadway
Butchers’ A
Central
Chase
Chatham
Chemical
Citizens’

!

j Ask.

Drov’s’j
!
....]
!

j
:

City

;

Commerce..

Continental

'

Corn Exchange*
East River.

;

;

Eleventh Ward*
i
Fifth
...!
Fifth Avenue*.......!
First

!

Fourth
Fulton
Gallatin
Garfield

j

i

;.!

G erman A m erican*. i

German Exchange*'
Germania*
....!
Greenwich*
'
Hanover
'

Imp.

Traders’

i

..]

Irving

Leather Manuf’rs’..i
Manhattan*
1
Marino
i
Market
:
Mechanics’
!
Mechanics’* Trads”)
'
Mercantile
Mercnants’
'
Merchants’ Excli...1

j

Metropolis*
Metropolitan
Murray Hill*
Nassau*
New York
New York County
N. Y. Nat. Excli
Ninth
North America*
North River*
Oriental*
Pacific*
Park

i
!

I
j

.1
'
'

People’s*
Phenix
Produce*

20 0

25
loo
180
lot)
140
25
loo 2010
25
100 200
154
100
100
100
25 120
25
100
100
100 800
100 128
30 120
50 158
100
99
75
100
100 130
25
100 150
100 250
50
100 100
50 148
100 155
100
25 i*4*s
25
100 110
50
50
100
100
100
100
100
100 135
100
100 *120
70 104
30
140
25
50 195
105
100
25 145
20 100
50
100 128 V
100
100 i 109
100 I
100 1 128
100 120
100 1
105
40
50 j 102
100
50 101
100 !

......

...

St. Nicholas*
Seventh Ward
Second
Slice A Leather
State of New York*
Third
Tradesmen’s
Union
United States
Wall Street
West Side*

City

1

|

i
119 V
!

I

1

1

1

j

1

......

......

Eagle
Empire City
Exchange

40
100
30

!

|

1
!
!......!
i
i

......

1*00

j
.

1
!

_.

180
153

1

......

|

Firemen's
Firemen’s Trust
Franklin it. Emp..
German-American
Germania

140

15.0

115
113
00

125
120
90

235

245
245

j

|235

j 75

50
17

Farragut

|100

! I

25

Clinton
Commercial
Continental

Citizens’

150
111
103
175
107

105
50
1165

100

..

25
17
20
70
100
50
100

!

......

1

90

j

115

!

80

100
120
85
80
120
205
145

80

i

10
00
100
|115
100
1190
1X7
50
ill!)
50
Globe.
200
25
Greenwich
I 00
100
Guardian
110
15
Hamilton
50
Hanover
;i30
50
75
Hoffman
135
100
Home
57
50
Howard
90
50
I mporters’it Trad’s’
100
05
Irving
125
30
.1 efferson
195
Kings C’nty (Bkn.). 20
40
75
Knickerbocker
05
100
Lamar
•.
105
50
Bung Isl’d (B’klyu)
55
25
Lori Hard J
101
Manufae. & Build.. 100
108
25
Modi, it Traders’
125
50
Mechanics’ (Bklyn)
50
00
Mercantile
50
95
Merchants’
1 50
105
auk
Mont
(Bklyn.)..
50
135
Nassau (Bklyn.) ...
37 V 85
National
35
145
N. Y. Equitable ...
100
75
N. Y. Fire.
4
100
N. Y. it Boston
5
100
New York Citj”
130
50
Niagara.
! 25
103
North River
25
105
Pacific'
100
108
Park
20
150
Peter Cooper
110
50
People’s
50
137
Phenix
50
57
Relief
100
S')
Republic
25
115
Rutger's
50
100
Standard
100
55
Star
50
100
sterling
122
25
Stuyvesant
05
25
Tradesmen’s
127
25
United States
1 20
10
Westchester
Williamsburg City. 50 200

115

290
05
115
135
82
143
05
95
70
130
200
85
70
112
(T3
112
13 5
135
04
100
108
145
90
IOO

r

..

1*0*6

]
j
.

1
1

i

110

......

.

Republic

Exchange

Bowery.
Broadway
Brooklyn

_

j 140

50

American
Amor.

;

A si

Bid.

;

...

25

1

Par.

COMPANIES.

JLm2riea*

PR ICE.

|

PRICE.

-

...

1 os

104 V

.

13*6
......

......

......

112
-

-

...

......

i*04

oO
0
10

145
108
170
112
100
117
140
00
85
120
105
05

.

I

00
128

I 70
! 132
120

! 220

!

Nebraska, Os

]

Brooklyn Gas-Lnrht
Citizens’ Gas-L. (Bklyn 1
Bonds
.*... X
Harlem

Jersey Citv A Hoboken.
Manhattan

Metropolitan

1,000
50
20
50
100
500
100

New York

•

People’s (Bklyn.)

!

|
)

Williamsburg
Bonds

Metropolitan (Bklyn.)..
Municipal
Bonds

•

Period

12
1

750,000 J. it J.

4.000,000 .]. it J.
2.500,000 M.it S.

750,000 F. it A.
3,500,000 Quar.

1

i

50

«

1,000

I

100
100

i

*"ibo

1

166

375,000 M.itN.
125.000: Var’s

400,000 F. it A.
1,000,000! Quar.
1,000,000 A. it ().
1,000,000 M.itN.
1

3,ooo.ooo|
750,000 M.itN.

|

Date.
*

B

1—1

366.666!j.

it J.

2,000,0001

Bid.

.

.

1,000

.

Br’dwav Bkln.)—Stock.
Bklvn. Crosstown—Stock

100
100

1st mort. bonds
Bushw’kAv. (Bkln)—Si 'k

1,000

Cent.Pk.N.it E. Riv.-Stk
Consol, mort. bonds

100

1,000

Christ’pli’ritlOth St—Stk

100

DryDk.E.B.ct Bat’y—Stk
1st mort., consol
Eighth Av.—Stock
1st mort
42d & Gr id St.F’rv—Stk
1st mort
Central Cross!own—Stk.
laf. mort

Iloust.W.St.itP.r’y—Stk
1st mol t
Second Ay.—Stock
3d mort
Consol
Sixth Aa .—Stock
1st Tin>i t
Third AA.—Stock
1st mort

Twenty-third St.—Stock.
1 st limi t

This

10

1,000

2,000,000
300,000
200,000
400,000
300,000

t

oi-umn shows last




Q.-F.
M.AN.

Q.-J.
Q.—J.
Q.-J.

2
Oct.,
7
3 V Aug.,
7
3

Oct.7‘

O

Oct..

050.000 F. A A.
250.000 .1. A .T.

2

V Aug.,

7

1

100 1,200.000 Q.-F.
500Ac.
OOO.OOOiJ. A I).
100 1,000,000 Q.—J.

4
7
3
7
0

!

1.800,000 Q.-.T.
1,200,000 J. A D. 7

100

•_03,000|J. A J.
748.0001 M.AN.

1,000

230.000 A. AO.

100
1.000
100
500
100

1,000
1,000

600,000'J. A J.
250.000 M.AN.

7
3
6

’83,214
j 102
’83 190
’S3 150

....

1105

500,000 J. & J.!
1,390,500 J.'it J.j
150,000 A. it O.i
1,050,000 MAN.
750.000 M.itN.i

500,000 .T. it J.!
100 2,000,000i Q.—F. :
1,000 2,000.000 J. it JJ
100
000,000! F. it A.I
1,000

1,000

dividend

250.000! M.&N.I
on

[

2(5
112

103
2‘JO
110
200

il2*

1898
AUg., ’83
June, ’93
1 Oct., ’S3
’84
!
’S3
1
! April, ’93
’S3
i

1100

257*2 202*2
114
1117
240
100
240
1 1 0
100

July,
July,
April,
uly,

Aug.,
Jan.,
A

n 11
11 «t

S.-Jrl

M ay,

931110

r* • >

DO

(’onneet’g Os, op., 1900-01
; Cor. CouanA Ant..deb. Os,
......102V Delaware Os, rg.A ep.,V.
Del A Round Br —1st, 7s
1
-

!0

jEastoiiitAmb’y—5s, 1920
El itWmsp’t-1 st,6s, 1910

Peiinsylv.—Gen., Os, reg.
Gen Os, ep., 1910
Cons., Os, reg., 2905....
Cons., Os, coup., 1905...
Cons 5s, reg., 1919
Pa. it N. Y. C.—7s, 1890.

Income

Dayton Division

......

-•••»

STOCKS.
Atchison it Topeka
Boston
Boston
Boston
Boston

it

j

ii

ft

118

110
99

99**

*1*16'*
90

Eastern, Mass
Eastern, New Hampsh..
Fitchburg

j ‘->0

I Phila. Newt, it

105
123

20

35*4

37

22*2

23

5s, 1st ser.,e.,1922
5s, 2d ser.,c., 1933
Conv. Adj. Scrip, ’85-88

*125*
94 V
102
92

90

89

Debenture coup., 1893}
Deb. coup, off, 1893

106

Scrip, 1882

70*2

Conv., 7s, It. C., 1893..4
Conv 7s, coup, off, 1893
Conv. 7s, cp.otf, Jan.,’85

137*2

1

; i shamokin

93 V

93

92*

V. & Pol ts.—7s

Erie—1st, 7s.
os
2d, Os, 1938
svr.Gen.it
Corn.—1st, 7s.
\vr
l1-*
(! Union & Titusv.—1st, 7s.
Suiiburv it

ijsunb. Haz. it W.—1st,

!o

97

:United N. J.—Cons.Os,’94
| Cons. Os, gold, 1901
I
Cons. Os, gold, 1908
(Ten., 4s,
old, 1923
Warren it F.—1st, 7s. ’90

1"

96
114

West, Chester—Cons. 7s..
\Vr. Jersey—1 st, Os, cp.,’96

1st, 7s,

!

1899..

Cons. Os,

-

113 V

1909.

108

W .Jersey* A11.—1 st.Os.C.
Western Penn.r-6s, coup.
t‘

Os, 1\ IB,

108
107

1896

Gen., 7s, coup.. 1901
I'
CANAL BONDS,
i Uhes. it Del.—1st, 6s,1886

24

Lehigh

i!
1

i

Nav.—6s,reg.,'84.|

Mort. 11R„ reg., 1897 ..
Cons., 7i», reg., 1911
Greenw’d Tr., 7s, reg...
Morris—Boat Loan rg.,’85

jselmtdk. Nav.—1st,6s,rg.

I

Preferred
Little Schuylkill
Minchill it Sell. Haven...

|

108

74
! 75
101 v
115
115
120 V 121

85

j j Pennsvlv.—Gs, ep., 1910..
I
093,

Lehigh Valley

;

12 L

12 *h

Prefened

Jib*7*

90 V

j 2d, 6s, reg., 1907

BALTIMORE.
RAILR’I) STOCKS. Par
100
Baltimore & Ohio

Nesquelioniug Valley....

Norfolk it West’n—Com.
Preferred
Northern Central
Northern Pacific
Preferred
Nonh Pennsylvania

1st
55 *y
34 "a
05 *2
66 *2
59

.

Pennsylvania
Philadelphia it Erie
Phila. Ger. it Norristown

West Jersey it Atlantic..
CANAL STOCKS.
44

Schuylkill Navigation...
Preferred
RAILROAD BONDS.

129

,

pref

192 V
125

-

-

2d pref

.

V.
Parkersburg Br
50
65V 'Northern Central......50

34

08
jjWestern Maryland
59 *8 [Central Ohio—Com

-

17
52

513.1

50

*8*6*’
Balt.itOliio—0s,’85,A.it() 10oV
I nc

56V

55 V
14

50

Pittsburg & Connellsvillo
RAILROAD BONDS.
Atlanta it Chari.—1st—

ii*6*

Phila. Newtown it N.Y..
Phila. it Reading
Phila. it Trenton
Phila. Wilm. A Balt
62
Pittsb.Cin.it st. L.—Com.;
United N. J. Companies.. I 192
West Chester—Cons. pref.
*47*
West. Jersey
-.

2d. Os, 1885
3d, Os. 1887
Bell’s Gap—1st, 7s, 1893.
1 st, Os, i905
Consol.. Os, 1913........
Buff. N.Y.it Phil.—1st,Gs
2d, 7s. 1908
Cons. Os. 1921

118*2 120

Cons.

Phil.Wil.it Balt.—4s.tr.ct
Pitts.Cin.ifc St.L.—7s, reg
11 Pitts. Titus, it B.—7s,ci).

10*2

Lehigh Navigation
Pennsylvania

102V

124

—

113
152

Revere Reach it Lynn ...j ---Tol. Cinn. it St. Louis
...1
Verm’t it Massachusetts
Worcester it Nashua

Wisconsin Central
Preferred

103V

Cons.

30

!

I’ortsm.

I

120

Cons., 7s, coup., 1911 ..
Cons., Os, g., l.It.C.1911
Imp., Os, g., coup., 1897
Gen., Os, g., conn., 1908
Gen., 7s, coup., 1908....
Income, 7s, coup., 1890

78*2' 79

..

107
......

,

Chari. Col. A Aug.—1st..
06

2d

Columbiait

Greenv.—lsls

98

100

81V

2ds

N.W.Va.—3d, guar.,JAJ.

Pittsb.itConells.—7sJitJ j 123*4
No.Central—Gs, ’85, J .itJ. | 103*4!
1120 V
44V
6s, 1900, A. AO
116
1117V
6s, gold, 1900, J. it J
Ceil. Ohio.—Os’, Ist.M.itS.j 108V 109V
W.Md.-Gs, 1st, g., J.it J.| 113
1st, 1890, J. it J
I
I
2d, guar., J. it J
35

97

1 ‘*22

Ex-dividend.

-

N.Y.-l sr

2d, 7s, coup., 1893
Cons., 7s, reg., *911

'*02*2.-77

Ogdensb.it B. Champlain
Old Colony

*

119*2

122

iPhil. it It.—1st, Os, 1910..

1*0*5**!*.*’*.*.

101*4 101 *2j

...

Tr.

1*1*9 *k

.

*27*7* 27 V

Flint it Pore Marquette.
Preferred
Fort Scott it Gulf—Pref.
Common
Towa Falls it Sioux City.
Little Rock it Ft. Smith.
Maine Central
Manchester it Lawrence.
Mai q. Jlought’u it Onton.
Preferred..'
Nashua it Lowell
N. Y. it New England
Northern of N. Hampsh.
Norwich it Worcester

1 at

130
123
81*2 86
104
103
122

111

15^

t Per share.

2d, pref
!
2d, guar, by W.Co.,.T.it J.!
Os, 3d, guar., J. <t .T
Mar.itCin.—7s, ’91, F.it A. I 140
2d
i...MitN i
41
8s, 3d, J. it J
Union RR.—1st, gua.JAJ
Canton endorsetl
101
Virginia it T.e'im.—Gs

Wilm. C. it Aug.—Os
Wil. it Weldon—(Told,

* In

default.

7s.

1

......

123 V 124 V

84 V 81'
—
!.
181
i 108
123
7,1900
102 V
Perkiomen—1 st, 0s,cp.’87|
103
j
I 02 --'ijFliil itErio—2d.7s,cp ,’88j
01
Cons., Os, 1920
! 102
, j
40
! 49'‘4
Cons., 5s, 1920
..

it Rowell
it Maine
i
it Providence
j
Cheshire, pi eferred
Chic, it West. Michigan..
Cinn. Sandusky it Cleve.
Concord
:
Connecticut Hiver
|
Conn, it Passumpsic
i
Conuotton Valley

i
V

......

,

Albany

f

*<-••••

iio*

,

Main line

i*l*2*V

stocks, but date of maturity of bonds.

......

120

......

,

Inc. 7s. end., coup., ’94
Belvid’e Del.—1st,Os. 1902

250
115
281
113
100
113

......

j*80**

Allegh. Val.—7 3-10s, ’90
7s, K. ext., 1910

108*2

...

......

....

*

f

112

......

! 5s, perpetual
California Southern—Os. >
East’rn, Mass.—Os, now..j 111*2-112
Ilarrisb’g—1st, Os, 1883..
f 112
II &B.T —1st, 7s, g„ 1890
Fort Scot t & Gul f—7s
!
Cons. 5s, 1895
K. City Lawr. it So,—5s..i 103
IthacaitAth.— 1st, gld.,7s
K. City St. Jo. it C. B.—7s'
78*
Little R. A Ft. S.—7s, lstj
Junction—1st, Os, 1882...
Mexican Central—7s
‘ 01 >l 01 *a
2d, Os, 1900
92*2 Belt. V.—lstr0s,C.itlt.,’98
N. Y. it N. England—Os..
i 103
2d, 7s, reg., 1910
N. Mexico it So. Pac,—7s
Cons. Os, C.ifc It., 1923..
ji 114
*2
90
N. O. Pac.—1st, Os, 1920.
Oregon Short Bine—Os...
No. Penn.—1 st. Os, cp.,’85
Ogdensb.it B.Cli.—Con.Os
i ueome
2d, 7s, ep. 1890
Gen 7s, reg., 1903
Old Colony—7s
Gen., 7s, ep., 1903
!
I
Pueblo it Aiic. Val.—7s.. 114
Debenture Os, reg
94
|
! Norfolk it West.—Gen.,6sj
Rut hind—Os, 1st
101*4'
Sonora—7s
nil CitVitChie.—1st, Os..
T. Cinn. A St. B—1st, Os.
Oil Creek—1st, Os, coup..

115
110
109

212.

Nov.,
Mel),
I

110

......

......

......

j

’83 110

250,000

100

100

’S3 150
’88 144
Dec., 1902 117

V Oct.,
Oct.,

1,000

100
90
190
110
01
105

S'.—1st, 7s. 1901

1

110 V
118

......

Iluntiiigd’n & Broad rl’op

’S3 140*q 150

’S4 102

1888

7
2
2

500,000 .1 .A J.

100

1,000

Bonds

*

100

1,000

July, 1900 109

Chart’rs

Ex.

Hell’s Gap.
i
Buffalo N.Y. it Phil
[
Preferred
:
Camden it Atlantic
I
Preferred
!
Caiawissa y
I
1 st preferred
;...
2d preferred
Delaware it Bound Brook
East Pennsylvania
i
Elmira it \Villiamsport.J
Preferred
!
liar. 1*. Mt. Joy it Lane’r

...

7

;

PHILADELPHIA.
RAILROAD STOCKS, f
Allegheny Valley

...

094.000 J. A J.
2.100,000 Q.—J.
1,500,000 J. A D.

2d, Os, 1904..Cons., 0 p. e
tram. A Burl. Co.—Os,’97.
1 Catawissa—1st, 7s. con. e.
Chat. M., 10s, 1888
New 7s, reg. A coup
!

J

110
110

9
......

1

20
:

'

May,
J uly.

[Quotations by II. L. qr vnt, Broker, 145 Broadway.]
34 -J::!y£ *837123
Bl’cker St.* Fult.F.—Stki
900,000 J. A J.
100
1st mort
Br’dwav it 7th Av.—St k.
1st min t
Brooklyn City—Stock
1st inert

Ask.

’83 110
’83
79
April, ’83:105
’83 1('8
A n g,
’83 1 55
7 V .1 illy.
5
Sen., ’83 j 225
0
Aug., ’83 187 V
105
«>
Oil Julr,
’83 118V
lt'4
1902
0
3
Sept., ’82 55
'83
3 V May,
5
May, ’S3 128
3*o .1 an.,
55
’70
’83 100
3 V Maw
3
April, ’83 90
’83
90
3 V Aug.,
2
’83 75
J 111 v.
’83
103
3
April,
3
July, 'S3 85
0
J une. ’S3 189
100
1888
0
87
103
0
93

Var’s 5
Yar’s 3
A.itO. a
F. it A 3

1,500,000 M.itN.

Var’s
50

Bonds

■

25 1,000,000 Yar’s
Var’s I
700,000 M.itN.
100 4,000,000 M.itN.
10 ,1,000,000 .!. it J.

1.000

Bonds
Bonds
Central of New York

|

2,000.000
1,200,000
315,000
1,850,000

25
20

1,000
.

Scrip

Equitabl

Amount.

Par.

GAS COMPANIES.

Bonds
Mutual (N. Y.)
Bonds
Nassau (Bklvn.)

!

!

25V

Nebraska. Os
Nebraska, Is
Conn, it Passumpsic—7s.
Conuotton Valley—Os

Rutland—Preferred

Street.]

!

...

...

Portland Saco it

(ins nml City Railroad Stocks and Bonds.
[Gas Quotations by Gno. II. Pkk.ntiss it Co., Brokers, 11 Wall

119
110

Atcli. A Topeka—1st, 7s.
Land grant, 7s
Atlantic A Pacific—Os
income
Boston A Maine—7s
Boston A Albany—7s
Gs
Boston A Lowell—7s
Os
Boston A Providence—7s
Burl. A Mo.—Ld. gr., 7s

SECURITIES.

Huff.Pitts.A W.—Gen.,Or
; Cam. A Anibov—Os, c.,’89
i
Mol t., Os, 1889
1 Cam. A All.—1st,7s,g.,’93

1IOSTOX,

•

Ask

Bid.

122
108 V
118
'

5 Ex-rights.

110
4L V

-

-

I

840

THE

CHRONICLE.

RAILROAD EARNINGS.
»•

*

Tlie latest railroad

latest date

are

earnings and the totals from Jan.
given below.

1 to

New York

[Vol. XXXVII.

City Banks.—The following statement shows

condition of the Associated Banks of New York
week ending at the commencement of business on
Average

Earnings Reported.

Roads.
Week

or

Mo

1883.

1882.

$

$
73,794

Ala.Gt.Southern August....

90,219
Ateh.Ton. Ac S.FeJuly
1,107,987 1,117,003
Buff. N.Y.&Pliil.1 August....
205,000
232,703
Bur.Ced. R. Ac No. 2d wk Sept
02,001
60,092
Canad’n Pacific !3d wk Wept
128,000
09,000
Central of Ga.. .'July.
171,800
165,914
Central
120,333
97,550
Iowa—jAugust
Central Pacific.{August— 2,282,000 2,350,557
Ohio.i2
wks
Sept
Cliesap. At
107,297
139,717
Chicago At Alton'3d wk Sept
225,852
241,004
Chic. Bur. &Q .'July
1,824,705 1,025,000
Chic. & East. Ill. 3d wk Sept
30,098
45,731
Chic.&Gr.Trunk WkSept.15
03,567
47,390
Mil.&St.
Chic.
P. 3dwk Sept
531,000
438,041
Chic. & North w. 3d wk Sept
000,000
560.900
Ch.St.P.Min.AtO. 3d wk Sept
122.400
119.700
Chic. & W.Mich.j2dwk Sept
32,000
27,464
Cin.Ind.St.L.&C.|3 wks Sept 175,752 190,723
Cincinnati South August....
241,133
228,334
Cin. Wash.& Balt itli wkAug
02,303
76,670
Clev. Akron At Col 3dwk Sept
11,830
12,454
Connotton Yal..j August
40,4981
29,128
Danbury & Nor. July
19,974
22,048|
Den v. & Rio Or. 3d wk Sept
137.400
139.700
Denv.& R.Gr.W. 3d wk Sept
23,9001
Des Mo.& Ft. D.i IstwkSept
11,319
”9.010
Det. Lan. & No..|2d wk Sept
34,401 j
29,094
Dub. & Sioux C.
22,223
25,781
j 1st wkSept
Eastern §
j August...
428,342; 398,739
ELTenn. Va.&Ga .3 wks Sept
205,120! 2L0.490
Elis. Lex. & B.S 2 wks Sept
33,951
22,802
Evansv. At T. II. 3d wk Sept
17,308
21,435
Flint At P. Marrj. 3d wk Sept
51.955
42.271
Flor. Cent. Ac W.|2d wk Sept
9,710
7,117
Flor. Tr. Ac Pen.; 1 st wk Sept
9,7031
8,459!
Ft.W.& Denver. 3d wk Sept
9,800
Grand Trunk,...; Wk Se] >t. 15
379,571; 308,155
Gr.Bay W.AtSt .P.jiid wk Sept
7,012
8,006
GulfCol At San. Fe! 1 st wk Sept
33,535 j
45,024;
Hannibal&St.Jt 13d wk Sept
58,073
57,001!
Hous.E.&W.Tex! August
30,3241
25,543!
Illinois Ceil.(Ill.)13d wk Sept
1* 9,500
109,271
Do
wk Sept
Do
So. Div ,3d wk Sept
Ind.Bloom,Ac W.Jjdwk Sept

(Iowa)|3d

K.C.Ft.S.AcGul' IstwkSept
K. C. Law. Ac So July

L. Erie Ac West’n (3d wk Sept
L. R. At Ft .Sin itli | August
L.Rk.M.Riv. At T j August

45,900;
89,700

68,9571

35,812!

Louis v. At Nash v.

j 3d wk Sept

Mar.Hough.At G.!2d wk Sept
Memp. At Chari. 12

Mexican Cen t..
Do

No.Div

wks

1 st wk

i*2d

wk

Sept
Sept
Sept

Mexican Nat’l..|4tliwkAug
Mil.L.Sh.At West 3d wk Sept
Minn.A:St.Louis June
Missouri Pacific.'3d wk Sept
Central Br’eh. 3d wk Sept
Int. AtGt. No.. 3d wk Sept
Mo. Kail. At T.Jsd wk Sept
St.L.Ir.Mt.At S. 3d wk Sept
Tex. At Pacific. 3d wk Sept

Whole System 3d wk Sept
Mobile At Ohio..1 August
Nash.Cli.AtSt.L, I August

N.Y.L.E.ArWest.'Juue
N. Y.

36,020
25,013
00,581
50,980

34,610;

Northern Pacific 3d wk

Ogdensb.AtL.Ch. July

314,700
25,108

Sept

Ohio Central
3<lwk Sept
Ohio Southern.. 3d wkSept

21,04l!

1883.

1882.

$

*

G37.823
7,842,029
1,834,360
3,708,402
799,130

735,298

15,850,125 16,583,170
2,081,478 2.237,077
0,074,586 5,079,782
13,229,908 10,780,021
1,185,997 1,201,090
1,987,209 1,437.845
15,917.000 13,432,080

17,251,015 16,501,120
3,609,909 3,301,474
1,084,328 1,015,502
1,772,720 1,837,872
1,625,565 1,031,869
1,178,072 1,073,015
385,047
352,443

120,45*6

1*1*6*24*4

4,597,000

4,575,899

2*32*878

209,748
1,032,712

1,091,103

694.830

713,099

2,400,730
2,775,704

485,317
529,437
1,790,155
230,495
323,380
-

263,928

2,231,491
2,153,195
329,203
039,100
1,488,233
273,227
271,798

254,170

1,806,546* 1,5*69,992
199,935
4,711.312

1,392.038

109,214

4.953,0s5
1,382,050

2,080,800 2,UMM)90
2,140,218 1,837,337
1,231,83s 1.097,187
052,674
003,127

3* i 4,1 Vo

02,851

229,375
2,060,240

34,592

301,300

255,195; 9,047,083
36,026

1,8*34*549

Union
America
Phoenix

1,594,300

027,953
800,528
1,101.748
188,385
495,125

2*55,907
155,419
1,907.758
208,000
8,070,489

177,501
123,230
808,144
157,950

4,914,304
4,278.440 3.289,124
703,410 24,947,043 20,008,335
137,475 1,258,605 1.151.590

216,058

103.637

133,100!
58,700;
587,272
300,000;
01,900
23,435
10,462
79,573

707,390

785,749

101,726 0,509,911
24,040; 1,020,026
99,832, 2,505,032
140,58 4 5,133,118

107,219! 5,340,509

Cheqiical

Seventh Ward..
State of N. Y...

600,000
300.000
800,000

American Exch.

5,000.000

Commerce

5,000.000
1,000.000
1,000.000

Broadway
Mercantile
Pacific

1,514,115
1,756,084 10,167,403
340,490! 2,315,109
70,739!
658,321
110.950 1,823,499
3 / ,848
625.970 4.0*66*41*6
178,000 0,094,304
00,400
28,1101
701,700
10.433!
292,040

1,000,000

9.329.900

500.000
3,000.000
600,000
500,000

2,887,000

450.000

People’s
North America.
Hanover

Irving.
Metropolitan
Citizens’
Nassau
Market

Marine

|

Importers’ & Tr.' 1,500.000
Park
2.000.000
..

Wall St. Nat
!
500.000
North River.
...| 240.000
Hast River
250.000
Fourth Nat’nalv 3,200.000
! 2,000,000
Central Nat
300.00C
Second Nation’ll
Ninth National.!
750,000
First National.. j
500,000
Third National. j 1.000.00C
N.Y. Nat. Exch.I
31)0.000
250.000
Bowery Nat’nal.
200.000
N. York Connty.|
75 i.OOO
Germ’n Am’c’n
3 i0,o00
Chase National.
Fifth Avenue...
100.000
German Exch.
200.000
200.000
Germania
U. S. Nat
500.000
300.000
Lincoln Nat

Vieksb’rgAt Mer.l August

Wab.St.L.At P... !3d wk Sept

West Jersey
{July
Wisconsin Cent.! 2d wk Sept
*

32,204
402,043

i.78,147
27,350

Since June 1st in 1883 includes

f Freight earnings.

200,000

Total

200,390

328.197

289,944
794,103
80,975

18,0*32,76*o

708,325
5,802,509
411,149

1,092.487

1,105,922
319.381

285,901
720,005

72,000

18,755,278-

27.571
294.49*6
209*1*09
385.548 11,020,102 11,811,022

104,8SS

650,00.909,200

579,050

earnings of Cent. RR. of New Jersey,

of

854,345 in 1883 and $36,230 in 1S32.

■

2,836,600
10,541.300
2,999,000
8,690,000
2,593,600
2,653,200

'66 000

136,3( 0
906,660
378,200
51.000

90,000
380.000

2.179,000
266,900

2,403,200

441,000
450,000
4,6Q0

450,000
270,000
1,329.900
45,000
221,600
366,000

297,003
45,000
606,000

•

294,900

270,666
225,000
45.000
.

.

450,000
45,000
180,000

55,360,300 26.050,400 318,013,400 15,408,300

The deviations from returns of previous week are as follows:
Loans and discounts

Inc. $2,909,100

Specie
Legal ten lers

i)ec.
Inc.

Net deposits
Circulation

3,519,000
1,713,403

Inc.
Dec.

$101,900

125,100

The following are the totals for three weeks:
Loans.
i mr a

“

“

Specie.

«

L. Tenders.

*

22....331,701,900

Boston

Loans.
$

Sept. 10..
-

“

*

17..
24...

143,974,000
143.998,900

Deposits.

*

*

are

the totals of the Boston banks:
f

f

5,180,600

4,541.200
4,559,500

87.035.100
88.323.900

4,404.200

90,085,900

,27,890.200
27.765.600
27,307,900

4,916,800
4,967,500
to

Deposits.* Circulation. Agg.Clear*

Lawful Money.

*

the

Philadelphia banks

Deposits.

I

L

Sept-10

17.308.669

17
24

78.107,644
78,160.048

Circulation.

*

17,610.893

67,187.295

9.297.071

68.194.317

18.177.165

69,010,064

9,318.543
9,317.791

Securities.—Following

are

Railw’y Tmp.Co—

Ex bonds and stock
Atl. As Pac.—0s, 1st—

92

petual deb’ure inis. 100
Bost.H.Ac E.—New st’k
r,s
Old
Buff. N. Y. & Pliila... 23
I*ref
45
Chic Ac Atl.—Stk

beneficiary stk.. 18

Prof

del.wli.iss.on old sub 28
5s

do

S5p.c.

Cowdry Certfs

M. K. Ac. T. inc.

....

North Pac. div. bonds. 873^

No. Rlv.Const.—lOOp.c SO
N. J. AtN. Y
1*2
Ohio C.-Kiv. Div.. 1st. 37

102*2

Oregon Sh. Line deliv¬

8834
90
234
333i
0*2

Incomes
34
*4
50
2o

ered when issued
Subs. 90 p. e
Subs, ex-bd. Ac stk
Pensac. Ac Atl
Pitts. Ac Western
1st mort

22*2

....

....

....

....

20

-

....

....

Ricli.AiD.Ext.subs.70i

;...

Rocli.A:Pitts, eons.,1st 90
Rutland RR
Pref

...

91
....

....

Sel.,R.AD.st’k,st’mp’d

si

8*6

11*4

12 34
70 **3

OS

....

80 *4
37

81*3

87s

id V

79

82

37*8

k
3

scrip. 35

M.U. St’k Trust Certs..

31

71

108
90
30

ContinT’ICous.Imp.Co
do

Bid. Asked,

95Iq
27*3

Ill

Den. Ac R.G.R’y—Cons.
Denver Rio. G. Ac West
1st mort.
Denver Sc N. Orleans.
Ga. Pac. R’y., 1st m..
T. B. Ac W. inc. bds....
Keel v Motor
L.Ac N.col.trust bds ’82
Mexican Bonds—3 p.c.
Mexican. Nat
1st mort
Mich.&O.— Sul>8.85 p o
Missouri Pac., old st’k

55.865.088

quoted at 3S New Street:

40

1st mort
Clne.AcCan. South

CommeroTTeleg-’m Co.

53.051,155
50,251.984

N.Y.W.Sh.&Buff—Stk

Incomes
25
Blocks 35 per cent.. 100
Cent. ‘Branch
88
Aeeum'd I’d gr’tbds 2i
Am. Safe Deposit- per¬

do

Agg.Clear,

1

-

Bid. Asked.
Am.

*

.

60.593,717
58.534.933
64,830,114

other banks.”

follows:

Unlisted

700,082.400

$

Loans.

“

15,408,300

*

77,857.784

“

739.732.90
732.316.071

L. Tenders.

Philadelphia Banks.—The totals of
1883.

i

15,540.700
15,5 <3,400

Specie.

143.675,600
Including the item “ due

are as

Circulation. Ago.Clear,
$

24,682.000 314,892,400
24.317,000 317.911,500
26.050.400 318,013,400

Banks.—Following

1883

1.549.591

7*12*844

759,60)
451,500

1.841,700

4,181,505

3,698,215
4,014,599

405,800

5,386,900
1,753,730
793,500

58.879.300
53.360.300

1,357,005
9,300,013
2,177,413
447,419

165,800
273,000
410,000

1.968.400
1,840,000
2.480.400
4,1:86,000
2,073.800
1,859,000

15... .8*28,792,500

J Included in Central Pacific earnings above.

$ Includes Maine Cent, dividend




1,047,250

1,238,900

58,528,600

.

897.329

14.738.700

Sept. 8....327.590,300

Phila. At Read.* August
3.538,033 1,975.993 17,482,937 13,533,948
Do C. At Iron August
1,806,10511,015.208 10,477,059 9,309,932
Rlchin.AtDanv. 3d wk Sept
190,000
t50,900 2,549,082: 2,370,915
ChTCol.AtAug. 3d wk Sept i 114,210
110,290
532,273!
450,230
Coluiub. At Gr. 3d wk Sept j
19,208
4 40,497
il5,050|
484,330;
Va. Midland.. 3<l wk Sept
129,027!
119,408 1,132,519
975,780
West No. Cur. 3d wkSept'
17,002
11.997
229,530!
148,438
Rocli. Ar Pittsb’g 3d wk Sept
7.528
17,391 i
Rome Wat. At Og Julv
1 141,5)50
148,287
et. L. Alt. At T.li 2d wk Sept1
30.25)3
31.107;
941,345
909,258
Do
(brclis.) 2dwk Sept'
19,230
18.873
553.507
589.391
St. Louis At Cairo 2d wk Sept
8,905)
8,037
207,581
255.124St.L.AtSan Fran. 3d wk Sept'
81,007
00,38'
2,590.434 2,442,59 L

5,072,901
437,402
1,741,659

5,521,000

.

Garfield Nat....

163,600

1,090,0; j0
9-2,000
749,000
674,000
2,846.900

7,951,000
3,542,000

.

..

St. Paul At Dul.. 3d wk Sept
31.579
28.851
|
St. P. Minn.At M. 3d wk
15)3,212
Sept
191.79;
So. Pat*.Cal. N.D May
110.007
104,904
Do So. Div. J .May
382,875! 354.150
Do Arizona*.;May
24 4.802
250.581
Do N. Mex;. May
77,785
95,351
Scioto Valley... July.
47,520
45,402
South Carolina Augest
85.854!
79,822
Tol.Au Ar.AG.T. Juno
Tol. Cin. At St.
31,500
L.j2d wk Sept
Union Pacific... August
2,052,000 2,770,000
Utah Central... August
93.580
120.877

277.500
16,600

1.115.700
16,935,000

2,260,115

Oregon At Cal... June
436,212
Oregon Imp. Co. July
403,796
260,115! 2,221,415 1,778,677
Oregon R.AtN.Co August
490.950
493,932 3,280,001 3 220 231
Pennsylvania ...August
4,775.380 4,071,179 33,258.909 31,’47l!l70
Peo. Dec. At Eve. 2d wk Sept
18,404
10,300
492,398'
551,710
Philadelp.AtErie August
383,390' 420,329 2,050,160 2.522,099
.

1,775,200
1,585,000

116.200

180,000
45,000
5,100

1,777,200

•1,773,800
2'0,000
2.98! ,000
167.000
4,08 4.000
318,400
6,527,200
28\800
1.980,900
265.600
4,123,0 >0
1,074,(00 22,33*'.<100
1,024.80) 20,808,800
8 4,400
1.684,800
2 27,000
1,542,600
100.8 >0
933.700
3,ys7,500 17,616,80 1
] ,068,0 >0
8,415,000
370,000
4,247,000
380,60 )
5.027.000
581,700 14,783,200
419,800
5,432,400
I'TS.OOO
1,145,300
181.000
1,802,500
135,600
2,185.000
66,300
2.1s7,000
558,700
5.60s,800!
111,500
2,144.800
293.000
2.131.8:0
338,890
2,2>5.500
56,600
5.308,600
14‘,400
2,052,000
10 5,400
622,200

899,000

911,500
900,000
649,600

3,609,000
4,170,500

3.9.200

42 200

16,400

4,084,200
6,879,: 00
2 324,900

1,014,300
506,400
427,000
2)1,800

228.500

4,081,600
3,362,400

1,170,400

8,551,200
11,264,000
12.731,700

122,300

584,000
6 >1,000
1,370,200

5.858.100

989,300

321,"00

169.300

281,700
774,200
244,900
45,000
2,600
531,400

2,410,400

229,400

12".4O0

794,700

2;s52,000
3,021,100
1,689,200
1,112,000

v

32i,600
707,2 0
183,100

137,000

l.iOO

256,600

15,212,700

1,-92.400

503.800

330,300

2,046,100
1,386.800

68,. 00

532.900
1,9 *.8,000
341,000

2,106,000
3,449,000
20,739,400
17,611,80 1

7.389,500
7,076,660
3.176,800
8,533,400
3,137.000
0,928,700

146,700

284,WOO
307,100
1,878,000
3,7"2,6u0
830,000
1,016,700
323,300
821,000
654,100
133,800
116,200
1,855,200

~~

495,000

5,539,000

582.000
87,500
101,900
440,300
414,400

80,000
145,600
420,700
94,000
200,100
1,500,000

$

9,603,000

207,0l)0

187,300

4.887.400

400.000

147,700
543,900

224.000
20,8 0

2.504.400
2,454,000
2,885,500
2.172.900
2.455,000

500.000
500,000
1,000,000
1,000.000
300.00C

594,; 00
1,826,700
639,000

233,800
579,000
422,200

12,C 03,000

500,000

3t. Nicholas..
3hoe & Leather.
Corn Exchange.
Continental..
\
Oriental

110,014!

189,787

200.000
700.000

2.193.300
4.606.600
3.876.900
1.599.800
2,930,000

1,500,000

1,006,000

395,600

3.219.300
1,093,500
3.984.900
13.542,000
16,670,200
5.564.100
6.773.900

422.700

Republic
Chatham

534,600

4,832,203

3.394.100
5.150.800
1.812.100
1,002,000
1 035.900

$

645,000
38*2,' 00
673,800

407,300

13.910.700

Circula¬
tion.

than U. S.

$

1.060,000
3,291.900

1,535,200

3.128.600
1,6;'8.8 00

200,000

Leather Man’f’s

5,414,902
001,903

7.308.700

300.000
1.000.000
1,000.000
300,000
200,00c

Merchants’ Ex..
Gallatin Nat....
Butchers’& Dr..
Mechanics’ & Tr
Greenwich,

083,015

005.414
078.814

8,038,600
8,450,000
4,273.000
10,780,300
3,371,000

1.000,000
1,000,000
000,000

Fulton

Tenders.

1,750,000

0,910,000

Net dep'ts
other

Legal

.Specie.

10,247,000

2,000,(100
1,200,000
3.000,000
1.000,000

Tradesmen’s....

amount of—

$

2,000,000
2,050,000
2,000,000

City

890,072

18,985
128,875

42,109

Loans and
discount 8.

*

New York

497,380
7,954,352

1,623,656
1,458.449

553.000

Capital.

Manhattan CoMerchants
Mechanics’

50,931
27,503
6,580
17,356
23,055
142.293
211,940
29,858
90,027
175,528

377,223

Susq. At W. August

Norfolk At West 17 dysSep.
Sheuaudouli
Y]2udysSep.
Northern Cent..'August

07,492!
33,005 j

137,440
35,133!

2,057,547;

N. Y.&N. EuglVi August

47.144!
70,972!

157,723
32,300

Long Island— |3d wk Sept
La. At Mo. River.;June

Ranks.

Jan. 1 to Latest Date.

,

Latest

tie

City for the
Sept. 22:

16

100

1^
....

....

10*3

do
Incomes
St. Jo. Ac West
St. Jo. Ac Pacific 1st.
do
do
2d..

Tex.&Col.Imp.—GOp.c
ex-bd
Tex. Ac St. L
Subs
ex-bonds
bonds in Texas

gra’tAciuc.bds in Tex
Texas Pac. inc. scrip.
U. S. Elec. Light(x-d.)

Vicksb’g Ac Meridian...
Pref
1st mort
Incomes

*3
13
....

.

20
.

.

30
•

.

.

....

•

.

....

--

.

.

....

....

....

115

338

-

.

.

•

•

.

.

-

.

130
4
..

...

mm

mm

mm*

September 29,

for both gross and net earnings.
The returns of gross
are too often delusive, and
frequently they are worse

^wes fcmcuts
AND

RAILROAD
The Call

INTELLIGENCE.

Net Earnings.—The

subject of railroad reports
periods has again been brought up in a
practical shape for discussion by the action of the Railroad
Commissioners in this State. It is hardly good policy for the
railroad officers to assume an autocratic position in regard to
corporation management, and claim that the State can do noth¬
ing to regulate their affairs. It is rather their policy to distin¬
guish between good and bad measures; between fair and unfair
legislation; so that when they make a stand on any point the
respectable part of the community and of the Legislature will
be with them. When a selfish policy induced the western
grangers to legislate against the railroads in their districts,
and compel them to make rates which would drive them to
insolvency, rational men saw the injustice of it, and
a
public outciy was raised against such unreasonable
legislation. But in regard to reports the case is pre¬
cisely the otiuir way, and nine out of ten of the reasonable
business men of the community feel that the railroad com¬
panies ought to make reports monthly, or at least quarterly,
of their gross and net earnings, and at stated periods of their
financial condition. The argument that to do so might create
a panic is the weakest for the companies that could possibly
be made, and can hardly be considered in any other light than
as a lawyer’s joke, since it is obvious that there is no one thing
which would do more to prevent panics in particular stocks
than full, frequent and timely information as to the affairs of
their companies.
The railroad officers should also consider what class of people
calls for the reports of earnings and finances. It is
now
not the farmers, grangers, cattle raisers, &c., but the members
of the Stock Exchanges, who are both personally and for their
customers, the representatives of great wealth, of conservative
ideas and of practical views about all matters of business.
The
Stock Exchange ought, indeed, to take up the matter itself on
this favorable opportunity, and by the employment of able
counsel pres-s it now to the utmost, until the reports are
obtained under the existing law, or until a new law is procured
under which the reports can be obtained.
As a matter of fact, the whole business of stock speculation,
n the absence of any definite knowledge about
the companies,
is a game of the insiders against the outsiders-^the selling or
buying of a commodity by parties who know what they are
handliug, to or from other parties who know nothing about it
Take any stock to-day as an example ; take the most active
speculative stock of the list among the dividend payers—
Lake Shore & Michigan Southern.
What do outsiders know
about the present financial condition of. this company? Since
its alliance with the Nickel-plate in the latter part of 1S82 the
company is occupying an altogether new position ; its direct
liabilities are increased about $450,000 per year for interest
the bonds issued to acquire
on
that road, but more
important than this is the question of paying interest
the $29,000,000 of bunds of the new road, amount¬
on
ing to some $1,7S0,0G0 per year. There are also two
newlines now running east from Chicago, not operated in
1S82, which must divert a certain share of the traffic from old
roads. On the other hand, let it be supposed that the acquisi¬
tion of Nickel-plate has been a bonanza—profitable far beyond
expectations—and that the income from this property is likely
for

to be made at stated

to make

Lake Shore stock worth

150.

In

either

case

the

argument is the same ; the position of the company is entirely
changed; the outside stockholders * of the company know
nothing of its financial condition since Dec. 31, 1882 ; and
will know nothing again till May, 1SS4, when they will get the
annual report for 1883. In the meantime those having inside
knowledge will have every inducement to uphold or depress
the stock, according as they desire to unload or to increase
their holdings.
Lake Shore is merely taken as an example; there is nothing
peculiar in its case, and three-quarters of the stocks on the List
£re relatively in a like position. Is it reasonable that where
such immense moneyed interests are at stake as are daily
involved in the Stock Exchange transactions, this old method
of light on one side and darkness on the other should be
longer continued?
If any effort is to be made for reports of earnings, let it be




341

THE CHRONICLE.

1883.]

earnings
than no
reports at all, since the operating expenses vary so widely as
to change the net results.
At the present time in 1883 there is
no point connected with the reports of railroad earnings or
greater interest than the question as to what the operating
expenses tor the year will turn out to be.
In all discussions upon this subject it should be understood
that the requirements of the law shall be made such as to time
and minor details as the railroad companies cau fairly comply
with.
Upon this point the following communication from an
officer of a prominent company is quite pertinent :
“

Permit me to call your attention to an important distinction wiiicli
appears to have been entirely overlooked by the writer of the article
in your issue of Sept. 22. as bearing upon the time required for furnish¬

ing reports which include a general balance sheet. While it is quite
true that monthly statements of the total earnings can be furnished
without any difficult}', even on large roads, within six weeks, provided
a proper method is adopted for estimating business from other roads
whose reports are delayed, the completion of the general balance sheet
is a very different matter. The total earnings and expenses can be, and
on most roads usually are,-correctly ^ascertained from the reports of
agents and others some days before the necessary entries are made in
tin* appropriate books; but a general balance sheet, especially if it has
to be sworn to, cau only be made up after the whole months’business
has been entered up and posted to the various accounts, and the same
exactly balanced.
“There is a vast amount of labor requiredMn this latter class of work,
and it does not admit of being divided up among a number of clerks
like the making up of the earnings and expenses.
After many years’ experience with some of the largest roads, I have
no hesitation in saying that for roads having a large mileage ami a com¬
plicated s} stem, six weeks is not a sufficient allowance for the rendering
of reports with a sworn balance sheet, and that two months would be
only a moderate and reasonable allowance.”
“

ANNUAL

REPORTS.

Cincinnati Indianapolis S'. Louis & Chicago Railway,

(For the

year

.

ending Jane 30, 1883.)

The President, Mr. M. E Ingalls, remarks in his annual
report that at the date of writing the last, report “the rebuilding
of the road between Lawrenceburg Junction and Sunmans was
in progress.
It had been so badly damaged by successive floods
that it was found, as the work proceeded, to be much more of
a task than was anticipated.”
* * * “ The estimated cost of
this work, less old material, and not charging for transporta¬
tion of materials over our own line, was $2>9,6S9, of which
#

charged to construction and the balance to
In doing this, work, and hauling the material for
same, there was much delay to the regular traffic of the road,
in consequence of which much-of the legitimate business of the
company was, for a time, diverted to other lines.”
* * * la
March, April May and June “ the earnings steadily increased,
so that for the entire year the gross receipts from traffic were
$2,541,779, against $2,463,696 for the previous year. The in¬
crease came chiefly from new traffic thrown on our line by the
opening of the Vernon Greensburg & Rushville and Kankakee
$136,125

was

expenses.

& Seneca

roads, and from increase of miscellaneous business

from local stations.
We suffered a large decrease in earnings
from the breakage of the line by floods, and in the light ship¬
ments of corn, occasioned by the short crops of 1881 and 1882

line and connections, and the abundant crop of the
irTtlie South; both causes working against our line.” * * *
“The operating expenses for the year were $1,591,499; in¬
cluded in this amount is the item of $99,709 for repairs of
bridges, and $277,361 for repairs of track, including rails and
ties; of these two items it is estimated that $130,000 is due to
extraordinary expenses caused by Hoods.” * * * “ The net
earnings, after paying these extraordinary expenses, were
$950,289; deducting extraordinary expenses they would have
been $1,0S0,000. This is the income from traffic alone, and does
not, include receipts from the new passenger station in Cincin¬
nati, the grain elevator, coal elevator, the Kankakee & Seneca
I»ll, or any rental from lands.” * * 1 * “The profit and loss
account, after being charged with four and one-half (4/2) p#r
cent dividends, accrued bond interest, and sundry balanes,
shows a gain during the year of $35,151, Laving a credit
balance of $353,644, which is the amount that has been invested
in branch roads and improvements that are not represented on
the books of the company by bonds or.stock.” * * *
The passenger station at Cincinnati is finished, and is being
used by the Cincinnati Washington & Baltimore Railway, the
Ohio & Mississippi Railway, the Cleveland Columbus Cincinnati
& Indianapolis Railway, and our own company. The office
building is well under way, and will be completed during the
year.
The estimated cost of finishing is $201,500, of which
$100,000 is due the company from various companies and indi¬
viduals, and $101,500 must be provided from cuirent receipts.
The pools existing with other lines between Cincinnati, Indian¬
apolis and Chicago have been ended, and agreements for the
on

ourpown

same

“

maintenance of rates substituted, which are

working satisfac¬
* * *
The management deeply regret the necessity of passing the
July dividend. The unforeseen casualties of the past year
necessitating the enormous outlay for extraordinary repairs
and expenses, together with the consequent loss of business,
have largely cut down the net earnings, and your directors

torily.”
“

thought it wise and for the best interests of your property to

pass the dividend. As will be seen by the Treasurer’s statement,,
the full 6 per cent divilend could not be paid without calling
upon the surplus of the previous year, and your directors were

CHRONICLE

THE

342

unwilling to do this, especially as that surplus was invested in
fixed plant and the company besides was owing money which
must be provided for.
The lixed charges during the year were:
For interest on bonds, $621,153, and for taxes, $52,314; a total
of $673,472, to be provided for before dividends could be
declared on the capital stock.
The fixed charges for the
coming year will be ab >ut the same. The financial condition of
the company at the close of the year was as follows:
Liability as indorser for advances made to branch lines'1
For equipment purchased (uotes)
For coal

on

$205,518
144,097
11,27(5
2 17,014

hand (notes)

Outstanding notes for borrowed money

[VOL. XXXVI!.

voted that the Treasurer

be authorized to distribute to the

private stockholders of the corporation one share of stock for
every ten shares held by them respectively.
The result of
this action will be that

some

17,000 of the 24,000 shares of the

company’s stock which was purchased of the Commonwealth
few months ago will be distributed among the stockholders.

Cleveland Columbus Cincinnati & Indianapolis.—From
London is received the following comparative statement of

earnings, operating expenses, interest payments, and deduc¬
tions from income, of this company and its leased lines for the
first six months of 1882 and 18S3

:

1832.
Total

$699,3 i7
*
Tins item does not appear on tlie books.as a liability. The. notes have
been discounted by this c.< mpany and credit given tile ditto! cut railroad

companies, thereby reducing the amount of debt due lrom them.
“The company holds and is entitled to receive for advances
to branch lines in addition to certain stocks and second mort¬

bonds, $260,000 first mortgage bonds which it should sell ;
they are a first-class security, they should bring par. This

gage
as

would reduce the indebtedness to $439,347.
“The above does not include the indebtedness stated in
Treasurer’s balance sheet for supplies and current expenses,
since paid out of^July receipts. The equipment and coal notes,

extending over considerable time, can be easily provided for out
cf the earnings, as also the amount required from time to time
to complete the new passenger station. This would leave a
balance of indebtedness to be provided for of $253,433 Whether
all dividends shall be discontinued until this debt is extin¬
smaller dividends declared and the debt partially
liquidated and the balance carried for a time, is a matter which
the directors have not yet considered, thinking It best to wait
guished,

and the condition of the

money

The comparative statistics

and general balance for four years,
together with the income account for three years, are made up
for the Chronicle

as

follows
HOAD

:

AND

1879-30.

JMiles operated
Locomotives.
Pass..mail A: exp.t ar a
Freight A other ears

KQni’MHNT.
1880-SI.

1881-82.

1882-83.

300

297

362

60

71

66

63
77

/.>

S 5

1,864

2,6.75

3,2 .7

3,131
1882-S3.

75

Opera lions—

1879-80.

Is 80-81.

1 SSI-82.

739.165

759,332
29.870, i96

31.815,935

35,997.-2 1
2 38 ets.

8S3.*3 )

91

Passengers earried..
Passenger mileage..

27.839,06, L

Rate p. pass. p. mile.
Freight (tns ) moved

27 2 ets.
1 .255.its 1

2 37 ets.

1,1 SO, 504

Tot. gross earnings
Oper. exp. A txs...

1.761,2 12
1.178.129

2,365,058
1,103,508

2,525.991
1.52 ',322

2,6 L7.157

Net earnings
P.e. op. ex. toeTu’gs.

491,4 8 7

90.1,490

1,000,609

*973,652

66 89

59-14

60-38

62 SO

I ssl-82.

18*2-83.

2*63 cts.

-',927

1,221,775
1.201,319
Freight (tons) miEge 105,567,662 1 28,956,3i 3 1 31,134,071 1 29,s,->3,902
1-2 L ets.
1'18 ets.
1-21 vt s.
1*31 ets.
Av. rate p tn. p. mile
$
$
$
$
Earniiif/s—
737,690
561,551
689,469
*32.092
Passenger
I.55S.569
1,531,005
1,052,1 81
1,509,44 2
Freight
2 <26,796
201,296
144,510
166,147
Mail, exp., rents, Ac.

INCOME

ACCOUNT.

1880-81.

$

lleceipls—
!Net earnings
Disburse in nils—
Interest on bonds
-Dividends
Hate of <li\ idends
Miscellaneous

Total disbursements

$

96',190

1,000,609

$
973,652

$
565,909
j SO,009
(4
1>. e.)
6,894

$
591.326

62 1,159

360,000
(6 p. e.)

(IL p. e.)

6,732

2,3 ! 2

752,S03

978,058
42,551

938,501

208,< 8 7

Balance, surplus

CENEKAI. IIA LANCE AT END <)E EACH FISCAL

1879-80.

$

Assets—
RR. and equipment.
i > 1 < 1 i»l:d MIS

11.193,050

1880-81.

$
12,337,951

$
315,600

35,151

„

YEAR.

1881-82.
$

1332-53.

13,4 39,176

13,657,8 15

8

159,957

Sundry securities
Materials, Ac
Sundry accounts
Cash on hand

Liabilities—
Stock
Bonds (see Siutlm't)>
BilLs payable
Accounts payable!-.

295,261

365,915

745,415

245,105

144.123
1.3 (».937

1 16,725
1.0O5.3“ 3

23,740

595,967

337,512

30,940

12,010.322

13,539,171

15,o87,668

*7,071
91,72 k
155,777

$
4.500.000

7,499,900
261.966
99,251

69.542

64 ,->s

>

$
4,000,000
7,499300

125,640
4s,022

Pro tit and loss

275,9 17

13,539,171

for account new stock
pay-rolls and supplies.

7,i
7,

333.706

197.566

67,261

12,016.322

7,000,000s
7,4 ss,650

*1,392,19 I

13.401

■s

15,.

$

Unpaid interest
Sundry accounts

includes June

1,643,305

4

251,087
147,073

J 98,379

62.130

4s,65 4
31

l.»..>*7,668

is sued

10,071

s,494

353.615
15,

July 1, 1**1

1833.

$1,872,648
J, 135.2JO

$2,004,190
1,1 tT.T57

Total deductions from income

437,379
763a p. c.
320,904

Balance to credit of income
Additions to the property

$110,474
120,757

553,738
72*4 p. c.
323,795
$232,943
191,112

Net

earnings.

Operating cost

Net result....

.Def.

CINCINNATI Ar Sl’KINGFIELD

Total earnings for six months
Operating expenses

Total deductions from income
Deficit

Net result

344.565

$31,260
92*4 p. e.

$.85,956

196,328

191,785
$105,828

80 p. e.

Def.

$183,210

$9,621
Def.

$115,452

INDIANAPOLIS A ST. LOUIS RAILWAY.

Total

earnings for six months
Operating expenses
Net

$130,162

,

401,417

$162,067*
21,142

Additions to the property

„

Sur. $11,531

$1,281

K VILAV"AY.

$1.38,077

Net earnings
Operating cost

earnings

$8 /0,636
982 278

$990,061

Def. $111,641

Sur. $22,215

Operating cost
Total deductions from income
Deficit
Additions to the property

967,845

112;h p. e.

97:?i p. c.

$371,000
$185,01L

$337,412
$315,196
196,703

Net result

362

'

operations and visual results.

t

Total earnings for six months
(Iterating expenses

or

until the crops were assured
market in the fall developed.”

a

Def.

$185,641

Def. $511,900

The

foregoing shows an improvement over last year of $37,313.
Denver •& If io Grande.—Mr. Frederick Love joy, of Philadel¬

phia, has been elected

director and the president of the Denver
is a man of large means,
the Adams Express Com¬
The directors of the company held a long session and
pany.
adopted a plan to raise funds for the requirements of the com¬
pany.
The stockholders will meet at Denver on Oct. 6 to con¬
sider this plan, the details of which have not been made public,
but are commonly reported to be as follows : To issue a general
mortgage of $59,000,000, bearing 5 per cent, which will take
up the outstanding bonds, amounting to about $26,000,000.
Stockholders will be offered the right to subscribe for bonds
and stock pro rata. The amount of stock to be issued will not
exceed $5,000,000. A syndicate to be formed to take all the
bonds which the stockholders do not want. It is expected that
foreign holders will take most of the issue. Foreign holdings
of Denver stock are reported to be about $L7,000,000.
Elizabeth City Bonds.—The exchange of the old defaulted
bonds of Elizabeth, N. J., for the new 4 per cent forty-year
bonds of the same city is going on at the Mercantile Trust Com¬
pany in this city.
The holders of the old bonds receive 50 per
cent of their claims, the interest on their bonds being figured
up to July l, 1882.
The new 4 per cent bonds are issued ta
a

& Rio Grande Railroad.
Mr. Lovejoy
and was formerly General Manager of

take up

the old

ones on

this basis.

Georgia Pacific*.—At a special meeting of the stockholders in
Birmingham, Ala Sept. 11, resolutions were passed authorizing
the issue of additional bonds to the amount of $15,000 per mile,
to be secured by a second mortgage on the road.
Track is now
laid from Atlanta, Ga., westward to Cane Creek Tunnel, Ala.,
139 miles.
It is expected that trains will run between Atlanta
and Birmingham, 168 miles, in November.
Kansas City Fort Scott A Gulf.—This company, anticipat¬
ing a large increase in its business upon the completion ofj its
Memphis extension, has determined to issue $525,000 of six per
cent equipment bonds to its stockholders at 95 per cent, pay¬
able in instalments as called for, but not more than 25 per cent
A subscription right attaches to each 100 shares
at one time.
of Fort Scott stock and the subscription closes Oct. 8.
The
road has a right to call the bonds at 105 per cent.
Manhattan Elevated.—The following notice is published:
,

New York, Sept. 26,1SS3.

o

I have arranged with the Mercantile Trust Company to purchase from
the tiii>t ni\ ferred stockholders of the Manhattan Railway Company, in
whose favor a dividend was declared, payable on the 1st prox., their
claims to said dividends upon their assignment to me of such claims,

GENERAL INVESTMENT NEWS.

accompanied by an assignment of their claims to a dividend from the
New York Elevated Railroad Company for like, aniounr, in case the
merger agreement between the three elevated railway companies should
be adjudged invalid.
Jay Gould.

A Galveston Purchase.--'The New OrlesinzjTimes-Domocrat
reports that the deeds to the property recently purchased by

Now York City & Northern.—The New York City & North¬
Railroad Company has been in the hands of a leceivei*
since May, 18S2. Proceedings for the sequestration of its prop¬

the

Huntington syndicate of Hon. Wm. J. Jones, at Virginia
Point, Galveston, were fiRd for record in tlnvCounqy Clerk’s
office fc'ept. 14. The purchase'comprises 530 acres of land, with
a frontage olfi Galveston Bay of about two and one-quarter
miles, running back from the shore from 500 to 700 yards The
consideration specified is tlie projection and completion of
certain improvements at Virginia Point.
Boston <fc Albany.—At Boston, Sept. 27, at a meeting of the
directors of the Boston & Albany Kaiircad Company, it was




ern

and franchises

are now pending, based on judgments ob¬
by the New York Loan & Improvement Com¬
pany, Henry Vi Hard, and others, for money loaned to it and for
unpaid interest on bonds. The Mercantile Trust Company is
the trustee of a consolidated mortgage given in 1880 for
$4,000,000. The Tiust Company has begun a suit in equity, in
the Supreme Court to have the mortgage declared the first lien
on
the company’s franchises, property, &e., and for its fore¬

erty

tained against it

closure.

New York Lake Erie k

Western,—The earnings of fchia

company for June are now published. It is gratifying that
the company does not withhold its statement because a moders
ate decrease in net earnipgs is shown.
It is unworthy of the

management of a great corporation to publish its earnings
when they are large and withhold them when they show a
decrease. It should be stated that the earnings below include
in 1883 the accounts of the New York Pennsylvania & Ohio
since May 1, when it passed under the control of the New York
Lake Erie & Western.
The total working expenses of the
leased line are reported, and in the gross earnings 68 per cent
of its receipts, since 32 per cent is paid as rental.
The figures
for 18S2 are for New York Lake Erie & Western only.
Month of June.*
1882.
1883.'.
$1,756,68 4
1,070,822

Gross earnings

Working expenses
Net

$015,722
1882-83.

$14,102,150

Gross earnings

9,801,102

Working expeuses
Net earnings

'

$1,001,053

lue.

371,002

Dee.

$70,139

1,111,824

1881-82.

30.

Inc. $300,802

$2,057,547

$085,802

earnings.

Oct. 1 to June

343

THE CHRONICLE.

29, 1883.]

September

$15,190,700

’

Inc. $1,091,541

10,893,280 Inc.
$4,603,413

Inc.

1,092,183
$2,300

The Northern Pacific to make the
through rates to San Francisco, via Portland, that the
other roads make to San Francisco direct; and the latter are to
make the same through rates to Portland via San Francisco
that the Northern Pacific makes to Portland direct.
All the
lines are to maintain the present regular rates, except as modi¬
fications are hereafter to be mutually agreed upon. A com¬
mission is to be appointed empowered to settle all disputed
points and enforce a penalty on an}' company violating the
agreement. The Northern Pacific is given some advantages
north of the California State line to points other than Port¬
land and Astoria ; the other lines are given corresponding
advantages to points in California other than San Francisco.
The agreement goes into effect on the first of next month, and
expires by limitation on December 31, 1884, but it is terminable
at any time on ninety days’ notice from any of the companies.
No changes were made in through rates.
The Northern Pacific
will adopt the same rates on through freight to and from Port¬
rates to and from the East.

same

land as those which have been in existence on the old route
between the East and Sau Francisco. The question of the con¬
trol of the Atlantic & Pacific was not raised, an understanding
on this point hiving been reached by the Southern Pacific and
Atchison Topeka & Santa Fe roads, which between them hold

United States Circuit
of the Pennsylvania nearly all the stock. The roads outside of the Northern Paeifie
Railroad Company, against the New Jersey Central, with refer¬ will
among themselves continue to maintain the same propor¬
ence to the running of trains over the Long Branch road, was
tions in the distribution of through earnings as heretofore
adjourned until March, 1S84, by mutual consent of counsel. existed.
The rule to show cause why an injunction against the defend¬
Pennsylvania Railroad.—The gross and net earnings in
ants should not issue is to remain in force until the final hear¬
Aug.,
and 1SS3 are specially compiled for the Chronicle
ing. In the case of Dinsmore vs. the New Jersey Central, in in the 1882
In August, 1883, there was an increase of
table below.
which the validity of the lease of that road to the Philadelphia
$104,201
in
gross
earnings
and an increase of $109,762 in the
& Reading is brought-in question, it was agreed that arguments
net.
For the eight months there was an increase in 1SS3 of
be heard on October 26.
$1,787,734 in gross and $284,10S in net earnings.
New York Stock Exchange.—The Governing Committee of
ALL LINES EAST OF FITTSIHJKG AND ERIE.
the Exchange held its first meeting this week since the summer
Gross Earnings.
Xel Earnings
,
recess, and placed $16,082,000 cf new securities on the list for
1.882.
1883.
1882.,
1833.
$1,074,206
quotations. Among these are $6,000,000 new second mortgage Januarv
$1,471,053
$3,373,321
$3,929,357
1,079.621
l,330,f:9 4
3.306,750
5 per cent bonds of the Canada Southern Railway Company,
3,712,215
February
1,415.802
1,455.427
3,912.293
4,189,380
dated February 15, 1S83, due March 1, 1913. They are issued March
1.407,83 L
1,319,311
3,855,8*50
4,061.750
under the agreement made between the company named and April
1,766,789
1,608.674
4.305.006
4,108,877
May
the Michigan Central Company last December.
1,534,333
3,179.142
4,093,756
1,156. .*71
They are se¬ June
1,047,093
1,492,734
4,149,150
4.130,950
cured by mortgage to Augustus Schell and Cornelius Vander¬ July
4.01 1,179
2.112,022
2,032,860
4,775,189
bilt, trustees. The balance of the securities added to the lists August
are those of the Shenandoah Valley Railroad Company, consist¬
$12,15 4.182
$12,870,075
Total S mos.. $:33,‘-'53,909
$l> 1,4 1,1 <6
ing of $2,270,000 first mortgage bonds, $6,212,000 general mort¬
As to the lines west ot Pittsburg and Erie, the monthly
gage and $2,500,000 registered income bonds. The Governing reports issued in 1882 and for the current year show the results
Committee also recorded the change of the name of the Eliza¬ below. The
company’s report, however, states,a loss since Jan. 1#
beth City & Norfolk Railroad Company to the Norfolk South¬
18S3, over the same period in 1882, of $64,722.
ern Railroad Company, and ordered that the new
name be
ALL LINES WEST OF l'JTTSBUIlCr ,fc ERIE.
printed in the lists of stocks.
Att Sur/dus over all Liubiiitics.
Inc. or Dec. ill

New York & Long Brandi.—In the
Court at Trenton, N. J., Sept. 25, the case

,

,

,

‘

i

.

New York West Shore k Buffalo.—This railroad will be
opened for passenger business between New York, Albany,
Utica and Syracuse on October 1, proximo.
New York passen¬
gers will continue to arrive at and depart from the Desbrosses
Street and Cortlandt S'.reet stations of the Pennsylvan ia Rail¬

road.
Norfolk & Western.—The statement of earnings
for August, and for eight months in 1883 and 18S2,
Avgust.
>
.—8 mas.,

and expenses
is as follows:

Def. 104,770

$9,741
Def. 121,307

Tnc..
Dec..

$105,240
43,469

149,710
Def. 34,575

38.880

Inc..
Inc..

Dec..

132,003
60,981

June

Def. 108.300

17.047
Def. 101,550

207,246

July

120.759

290,502

Dec..

Dec..

209,588

August

247,490

330.347

$557,180

$500,252

Inc..

$50,923

February

April
May

1882.

1883.

1882.

Totals months...

$201,710
122,877

$222,100
100,540

$1,090,334
952,592

$1,438,051
833,832

Inc..

30,532

225.951

March

Jan.—Am,

1883.

1883.

3 882.

1883.

$174,981

January

189.410

43,072

Philadelphia & Atlantic City.—This (narrow gauge) railwas sold at Camden, N. J., to the Philadelphia & Reading
Railroad, and is to be widened to the standard guage. The
Not earnings
$138,833 $115,020
$737,712
$G0i,822 road is 54/6 miles
long. The terms of the sale were $10,090
—This company has contracted for the building of equip¬ cash, the balance of the-purchase money to be paid on Oct. 13,
ment to the amount of $600,000.
when the deeds will be passed to the purchaser.
The amount
Northern Central.—The comparative statement of gross of the mortgage under w hich the road was sold is $325,000.
earnings and expenses for August and for the eight mouths The sale gives a clear title to the purchaser, who assumes the
receiver’s claims of $80,000 more or less.
ending August 31, is as follows:
Gross earnings
Expenses...

A
1883.

Uijvsl

'

,

/—8 mos. ended Any. 31«,
1883.

1882.

Gross earnings

.,-o

$587,272

<>70

$025,970

$i i.di; .no
$4,406,410

nos 915
$3,098,215

Operating expenses

$288,121

$274,350
19,908

$2,215,399
256,017

$2,141,476

18,940

$307,001

$294,324

$2,472,016

$2,339,294

...$280,211

$331,010

$1,534,394

$1,358,921

Extraordinary expenses
Total expenses
Net earnings

Ohio k

1882.

197,818

receiver makes the following
for the month of August:

Mississippi.—The

statement to the court

»•«»••••••••• •••••••••

Total
Disbursements
Cash

on

d»)7j / i)0

546,826

$633,324

$565,946

583,536

543,780

$49,783

hand September 1..

$22,166

Pacific llailroad Conference.—Two years ago a conference
of the officers of roads directly controlling traffic to and from
the Pacific would have been iimited to two companies. The
changes since then are well shown in the press dispatches from
San Francisco, announcing the meeting in that city as follows :

*’The general managers and general freight agents of roads
between
the Missouri
River
and
the
Pacific Coast
met in this city to reorganize the
California freight pool.
Roads that will be parties to the new agreement will be the

Union Pacific, Central Pacific, Southern

Pacific, Texas & Pacific,

Galveston Harrisburg & Sau Antonio (Sunset route), Denver &
Rio Grande, Chicago Burlington & Quincy (Burlington & Mis¬
souri River), Atchison TopeVa & San. Ee, Atlantic Pacific, North¬
ern

Pacific

and Oregon

Railway &

Nav. Company.”

The

railroad managers practically closed their labors by the adop¬
tion of agreements the substance ot' which is as follows : Port¬
land & San Francisco to be common points taking the same




Philadelphia & Reading.—The gross

receipts from the

railroads, canals, steam colliers and coal barges in August
were $3,538,032 and the net receipts $1,918,942; for the fiscal year
since Nov. 30, 1S82, the gross receipts have been $19,278,357 and
the net receipts $8,S24,353.
The gross receipts of the Philadel¬
phia & Reading Coal & Iron Co. in August were $1,866,104 and
net $133,636; since Nov. 30 gross receipts have been $11,547,484,
and net, $283,792. The total receipts of both companies
together for each month of the fiscal year have been as follows:
-Xel Receipts.-1881-82.
1882-83.

■Gross Recants.

1883.

1882.

^Receipts from all sources....

real

1882-83.

1881-82.

$2,805,201

$5,231,677

$843,783

January
February

2,559,994
2,377.181

630,080

March

2,829,72 4
2.919,017
3,091,928
4,359,221
4,418,841
5,404,133

2,451,400
3,169,005
2,587,720
2,878,009
3,01 7,983
3,44 -',790

$30,325,845

December

April
May
June

July
Au.Lcu.st
Total 9 months

664,877

702,501
817,428

3,5*11.201

1.504,349
2,052.578

708,304
780,574
844,176
1,108,307
1,171,299

26,075,557

$9,108,149

$7,291,220

2.699.706

655,290

1,237,263

The coal tonnage lias been as follows, viz.:
railroad in August, 1.372,828 tons, against

August, 1882.

$937,542
646,913
438,656
655,449

Carried

on

the

819,511 tons in

"Mined by the Coal & Iron Co. and by tenants,

646,270 tons, against 566,432 tons same month in 1S82.
The above statement includes since June 1st the operations
of the Central RR. Co. of New Jersey and its branches, now
leased to the Philadelphia & Reading lilt. Co.; the operations
for

August were as follows, viz.:

$1,256,335
505,211

Gross receipts

Working expenses

$ 591,124
452.043

Net earnings
Rental
I'rofit for mouth.

\

$239,081

-

344

THE CHRONICLE.

The coal tonnage was 529,046; merchandise
number of passengers carried, 1,198,363.

tonnage, 281,351;

JJhe CCmmuevcial jinxes.

Richmond & Danville.—The directors of the Richmond &
Danville Railroad Company have issued the
following notice to
the holders of the debenture bonds in regard to the
non-pay¬
ment of interest on Oct. 1:
By tlie terms of the debenture bonds it became the duty of the board
of directors of the company to ascertain within
sixty days after Sep¬
tember 30, 1882, whether the net earnings of the fiscal
year termin¬
ating on that date, exclusive of expenditures made for repair, renewal
and improvement of existing property, as well as for
purchases or con¬
struction of additional property and equipment
uecessary for the proper
conduct of
its business, were sutticient for payment of

a

sum

not

ex¬

ceeding 6 per cent per annum on the debenture bonds. That board
having omitted to perform this duty, it devolves upon this board to
determine whether the company have realized a sufficient sum in
excess
of such improvements to authorize the board to declare
dividends to

debenture bondholders on
October 1,
The
1883.
net
earnings
for
the
year
ending
September
30,
as
shown
1882,
by
the annual report, were $1,298,034; fixed
charges, $1,219,1 G8—
leaving balance of $78,86(5. There was expended for new equipment
and betterments, $922,848; dividend to debenture

[VOL XXXVII.

COMMERCIAL
Regular trade,
has

this

as

week felt

well

as

EPITOME

Friday Night, Sept. 28, 1883.
speculative and financial circles^

the influence of several

failures among

clothing and woolen goods houses; but as the facts with regard
to them transpired
they were found to be of less public im¬
portance than was apprehended, and a recovery
of confidence
took place.
General trade is very fair for the season,
though
the disturbing influences mentioned
naturally had some adverse

effect. The weather has been
seasonable, and speculations
frost accounts hafe not been sustained.
The speculation in provisions has continued

on

on a moderate
bondholders, Oct.
1, 1 882, $98,700; total, $1,021,008, which was provided out of profits
scale
but
has
here,
lard
manifested
on sales of securities owned
more tone in
by the company and being an increase of
sympathy
its floating debt.
It thus appears from the
with the stronger feeling for corn in the West.
foregoing
statement
that
Pork has con.
the net earnings of the company
having been expended in providing tinued on its
additional new equipment and betterments as authorized
downward course, the sudden death of a
by terms oflarge
debenture bonds, they should not,
therefore, have been applied to pay¬ Chicago holder
ment of dividends on these bonds.
materially precipitating the depression. To¬
For the information of the stock
and bondholders of this company,
it is proper to state that the ascer¬ day prime contract lard sold on the spot at 8‘35c.; refined for
tained net earnings for eleven months of the
present fiscal year over
the Continent S‘65c. and for South America 9
operating expenses and fixed charges have been $307,801; estimated
12/2C.; options for
for September. 672,739; total,
$380,540. The expenditures for eleven October were sold at 8TS@8J9c
; December, Sc.; seller year,
months for additional new equipment and
betterments have amounted
to $402,091. The gratifying
increase in the company’s business and 7'99c.; January, 8 03@8'0<oc.; February, 8 09@811c.;
March,
earnings and the improved condition of its road, and determination of
8’10c.; closing weak; October, 8T8e.; November, 8 03@S'04c..
this board to materially reduce the
expenses of its operation and ad¬
ministration, warrant it in expressing tlie opinion that the net results December and seller
year, 7’96@7 97c.; January, 8 01 @8’02c ;
of the company’s business for the
coming year will be eminently satis¬
factory to all holders of its securities.
February, 8 08(5)8’09c.; March, 8’9@812c. Pork appeared a

Toledo Cincinnati & St. Louis.—A
meeting of tlie bond¬
holders of this company was held in Boston,
September 27.
The meeting was called to consider the
general interests of the
security holders of the road, and the proposed changes in the

little better,

and

recovered to

$12@$12 50. Beef was
quiet and unchanged at $17@$18 50 for city extra India mess..
Beef hams were nominally unchanged.
Bacon ruled at 6%c.
for long clear and very dull.
Tallow sold at 7%@7 ll-16c. for
receivership. A resolution was passed that separate receivers
prime and stearine was easy at 8%@S%c. for prime, and 8%@
under the several mortgages of the constituent
companies form¬
ing the Toledo Cincinnati & St. Louis Railroad Company will be 8%c. for oleomargarine. Butter has been slow for export, but
injurious to each separate portion thereof. The names of Albert cheese has had an active
inquiry; choice lots have been
Netter and John Ryan were added to the committee
advanced
representing
to ll)£@ll%c.
the Cincinnati Northern, and a list of names
representing each
In groceries the week has shown a
division comprising the system and the various trusts and
moderately fair move¬
securities of the road was adopted. The committee numbers ment in raw sugars at the well-sustained
figures of 6-34@6;*4c.
twenty-six. It was voted that this committee be requested to for fair to good
Cuba;
refining
centrifugal has been sold at
nse all its efforts to
keep the system together under a receiver, 7 9-16c., and to-day a cargo of Formosa realized 4%c. Refined
looking to no plan of reorganization until the road is com¬
pleted and the earnings justify such action; and that the sugars have had a good advance; hards are now &%@9}±c, and
standard “A” 8%c. Molasses was firm, and the
committee be further requested to use its efforts to
offerings of
prevent the
issuance of any nmre receiver’s certificates than are
absolutely fine lots are small; 50-degrees test Cuba refining 25(5)27c., the
necessary to complete and equip it. Also that action be taken latter for choice ; New Orleans quoted at 40@50e. Rice lias had
to collect the subscription to the debenture bonds
that remain a fair jobbing outlet, and Rangoon has received some attention
yet unpaid. Members of the committee will meet again at at 2>ic. in bond. Rio coffee was
to-day advanced to 10}+@10}£c.
Toledo, O., on Saturday, at the time of the conference of Judges for fair cargoes,latter price for the new
crop. The speculation for
Baxter and Drummond
regarding the removal of Receiver the week has not been active, but a uniformly steady tone has
Dwight. The committee will do all that it reasonably can to been noticed ; the closing figures to-day were :
January, 8Tb@
8 20c.; February, 8-20(5)8'25c.; March,
prevent Mr. Dwight’s removal.
S*25@S‘30c.; April, 8 30(5)
Yermont & Canada.—A circular has been addressed to stock¬ 8’40c.; July, 8 50@8'05c.; August, 8‘60(5S‘70c.; October, S'40@
8'45c.; November, 8T5@8‘20c; December, 8T0@8T5c. Mild
holders by a committee of the board,
asking them to attend the grades have been
annual meeting, October 18, in
moderately active in a jobbing way at full
person, or to send their proxies
prices.
to the committee. The circumstances under which the
compro¬
Kentucky tobacco has been active, and has advanced on a
mise agreement with the Consolidated Railroad
Company
of larger speculative interest, which is based
Vermont was approved are referred to, and the circular
upon tlie reports of
says’:
damage to the growing crops. Sales, 1,494 Dkds. for export
“The agreement to exchange our stock for bonds and to
mortgage our and 1,094 hhds. for
road to secure the bonds; was based
consumption.- Lugs are quoted 0I4@7/2C.
upon tlie consideration not merely
that we were to receive $1,000,000 in
bonds, but also that the trust-debt and leaf, 7;>,4@13^2c‘ Seed leaf has been less active,but the under¬
claims, for the enforcement of which the Lungdon suit was
brought, current is none the less steady.
The sales for the week em¬
were to be released.
That suit is still pending, for sonic reason that
brace 4,350 cases, including 1,600 cases
gov¬
erns the panics with whom we are
crop 1882, Pennsylvania,
dealing,
and so long as it is, those
claims cannot be considered as released.” * * *
12@18c‘; 250 cases crops 1880-81 do., 8© 12c.; 800 cases
“The Hazard suit, socrop
called, brought by one of our stockholders to invalidate the
1882, New England, including assorted Housatonic,
mortgage,
is still pending, notwithstanding tlie denial of
ll@13e.;
the injunction.
895 cases crop 18S2, New York State, 13(5)1
It may
be eariied to the United States
Gc.; 150 eases crop
Supreme Court, and there it may be held
1882 do., Havana seed, 18(523c.; 300 cases
that the new bonds have no
security.” * + x “So long as uncertainty,of
crop 1882, Wisconsin,
it exists and further parley or struggle n
14@lSc.; 266 cases crop 1882, Ohio, 8@12/2C.; 150 cases crops
ay ensue, the control of our
company should remain distinctly in its own interests, and not be suf¬
1880-81 do 6@7e.; also 450 bales
fered to fall into the hands of the other
Havana, 80c.@$l 15.
party to the compromise or con¬
Naval stores have been quiet so far as rosins are
troversy. At least, so it seems to us.”
concerned,
and strained to good are still
quoted at §1 52% (5$ I 60; spirits
Wisconsin Central.—The report has been issued for
the turpentine remains steady at 40c. in
yard. Refined petroleum
year ending Dec. 31 last. At the close of tlie year
the com¬ has had a dull week but 70 Abel test is still
quoted at
pany leased the Milwaukee & Lake Winnebago road, from
8%e., though Antwerp and Bremen have declined. Crude cer-.
Neenak to Milwaukee, 90 2
miles, including 9 miles of the tilicates have fluctuated but slightly until
to-day when a buying
Chicago Milwaukee & St. Paul track ; this road was built movement forced the market from
$1 14% to $1 15%, closing
during the year and not completed till December. It also at $1 15%. American
pig iron is lower, the result of a few
leased the Packwaukee & Montelio
lload, 7'2 miles. At the weak speculative holders forcing lots on the market at
$20 cash.
beginning of the year it leased the. Milwaukee & Northern
Road, 12o miles, but the lease of that road was surrendered Ingot copper is steady at 15%c. for Lake; Baltimore has been
active, selling to the extent of 2,000,000 Jbs. on private terms,
July 31.
quoted 14%@14%c. Wool is firm for fine grades of fleeces, but
The statement of
earnings and income for the year is as a better business has been done in Texas and California at
follows.
slight
concessions by holders who fear the effect of the
Wis. Ccn. earnings
incoming fall
$1,015,530 Rentals of roads and
clips.
Mil. & North., 7 months.
357,590
equipment
$213,444
Ocean freight room has been
Mil. & L. W., unfinished.
15,304 Ini crest on bonded debt.. 112,170
very active for grain by the
Liverpool
steamers
Settlement of old claims..
; yesterday room for 400,000 bushels corn
301
To t a 1 ear n i n gs
$ 1,388,490 Settlement with Mil. & N.
was
engaged at 3%@4d. To-day a general quietude is no¬
Expenses
and
taxes
Co
13,050 ticed, but rates appear
(04-28 per cent)
uniformly steady ; grain to Liverpool
892,580 New construction
and
'by steam quoted 4d.; flour, 11s. 3d. per ton ; bacon, 12s. 0d.@15s.;
equipment
120,580
Net earnings.
$495,910
cheese, 17s. 6d.@20s.; cotton, %(55-32d.; grain to London
Bal. from previous year.
by
547
Total payments
$490,457 steam was taken at 3%d., but closed at 4%d.
asked; do. to
Total
Glasgow, 4%d.; do. to Antwerp, 4%@5d ; do. to Amsterdam
$490,457
and Rotterdam, 10%c.; refined
petroleum to the United King¬
No comparison of earnings is made, on
account of the dom's. ; do. from Baltimore to
Bremen, 3s. 4%d.; do. from
in
leases,
etc.,
made
^changes
during the year.
Philadelphia to London 3s. 6d.




mess

,

•

.4^ -X}

><?•
' '■

September 20, 1883

THE

]

CHRONICLE.
In addition to above

COTTON.

the

The Movement op the Crop, as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening (Sept. 28) the total receipts have reached 125,032

bales, against 00.819 bales last week, 64,34S bales the previous
week and 33,308 bales three weeks since; making the total
receipts since the 1st of September, 18S3, 319,507 bales, against
296,957 bales for the same period of 1882, showing an
increase since September 1, 1883, of 22,550 bales.
lion.

Sat.

Galveston

5,286

3,165

Indianola, Ac.

....

New Orleans...

Wed.

Tues.

1,277

....

5,116

....

8,210

3,752

2,043

617

1,641

935

253

Florida

•

5,06^

Brunsw’k, Ac.

-

Charleston

-

4,408

6,201

-

....

i

Fri.

Total

3,256

21,615

824

821

4,109

26.528

521

4,747

313

313

....

6,740

V

4,467

4,897

....

556

3,515

....

1,644

Mobile

Savannah

Thur8.

4,365 •29,406
230

....

280

exports, our telegrams to-night also give
following amounts of cotton on shipboard, not cleared, at
ports named. We add similar figures for New York, which
prepared for our special use by Messrs. Carey, Yale &

the

us

Friday, P. M., September 28, 1883.

Receipts at—

345

are

Lambert, 89 Broad Street.
On

Sept. 28, at—

Great
Britain.

New Orleans....
Mobile
Caamston

Total 1882
Total 1881

!

France.

Other

'Foreign

2,938

S,9b5

411

None.
None.

None.

None.

3,500

6,052

None.

900

116
None.
3.300

2,233

13.000
6.799

None.

4,000

*

Leaving

Ooastwise.

Stock.

Total.

12,544
None.
10,052

None.

1,860
3,050
1,000

150
None.
500
5.500
.9(18
2.218
None.
None.

4,078
6,850
5,000

8,243
31,584
30,521
37,274
5.470
79,877
21,520

10,704

16,098

32.202

9,336

68,340

208,579

27,790
47,863

5,587

7,368
4,989

6,810

11,438

10,168

47,555
74,458

167,252
307,447

Swann all
Galveston
Norfolk
New York
Other ports

Total 1883.

Shipboard, not cleared—for

'

500

54,090

19,4 00
10,416

The

buoyancy in cotton for future delivery at this market,
was noted at the close of our last, seemed to have been
146
8 83
466
375
574
745
Wilmington
3,194
based on rumors that had no good foundation, and on Saturday
Moreh’d C.,Ac
100
100
and Monday there were important declines under the unfavor¬
Norfolk
1,485
1,743
1,536
1,927
1,372
9,570
1,5 02
West Point, Ac
4,387
4,387 able accounts from Liverpool and-Manchester, large receipts
New York
48
40
88
at the ports, accumulating stocks at the interior towns and
Boston
50
49
33
40
172
good weather at the South. On Tuesday there was a further
Baltimore
22
22
decline at the close, due in a large measure to the apprehen¬
40
46
878
31
998
Philadelp’a, Ac.
sions arising from the failures that had taken place in the
Totals this week 15,709 28.346 14.369 19.746 21,570 25.292 125,032
clothing and woolen goods trade; but Wednesday, though
For comparison, we give the following table showing the week’s
lower, showed a much better tone at the close, it having be¬
total receipts, the total since Sept. 1,1SS3, and the stock to-night
come apparent that the failures referred to were not of as
and the same items for the corresponding periods of last years.
much importance as supposed, and yesterdaj', Liverpool being
1882.
1883.
Slock.
decidedly higher, our market for futures advanced. To-day,
Receipts to
This
Since Sep.
This
Since Sep.
Liverpool
advices were less favorable and our market variable
September 28.
1882.
! 18S3
and unsettled, closing with the advance of yesterday mostly
Week.
Week. | 1, 1883.
1, 1882. 1
lost, and 14@22 points below the closing fgures of last Fri¬
Galveston
21,615
67,392 26.513
70,7921 47,690
29,925 day. the smaller reduction being
for September.
Cotton
Indianola.Ac.
321
4.65 1
1,062
3,359
319
ton on the spot has been quieter.
Business
for
and
export
New Orleans...
59.25 i
23,911
39,283 66,631
26,523
40,725
speculation has nearly ceased, and the demand for home con¬
Mobile
11,531
11,950
8.213
4,747
19,595
5,461 sumption is much reduced.
Yesterday old crop white cotton
Florida
49
210
13
697
was advanced
?s@5-10c., the latter for good ordinary and
flavannah
3,231

Pfc. Royal, Ac.

1,946

....

4,257

4,021

....

....

....

4,578

22.5S9

169

169

which

....

....

....

....

....

....

....

....

....

....

....

....

....

....

....

....

...

...

....

....

....

....

•

-

....

^ •

j

....

o

......

29,106

78,376

31,717

76,434

49,921

39,580

Bruusw’k, Ac

2S0

734

677

Charleston
Pt. Royal, Ac.

22,589

58.797

21,553

1,344
49,089

41,636

30,137

169

626

4

4

147

Wilmington....

3.194

7,317

4,676

7,546

5,737

5,641

M’head C., Ac
Norfolk

100

335

9,570

19,258
6,737

9,961

17,404

9,548

3,476

4,387

1,715

88

364

1

493

2,399

22

471

169

627

86,727
3,855
7,408

47,253

172

3,763
1,066
3,516

998

2,766

92

1,293

9,054

4,608

West Point, Ac
New York

Boston

Baltimore

Philadelp’a,Ac.
Total..

125,032

282

319,507 138,479

1.790

1883.

Galvest’n.Ac.

1882.

296,957 336,919

22,439

New Orleans.

27,575

26.528

1881.

1880.

19.260

4,717

23,941
11,950

33.958
8,316

26,497
7,831

Savannah....
Charl’st’n, Ac

29,106

31,717

27.023

22,758

21557

17,800

Wilm’gt’n, Ac

3,294

4,676

4,216

Norfolk, Ac..

13,957

11,676

20,652

All others....

1.903

3,387

3,531

39,399
34,227
5,633
33,323
7,021

Tot. this w’k.

125 032

136,479

Since Sent. 1.

319,507

296,957

Mobile

134,756

172,221

429.777

493.664

1878.

17,940

•

20.173

30,580

12.414

14,692
35,486

5,394
38,853

22,725
4,108

29,769

24,425

5,461
15,247

12,347

3,679

162,303

130,990

410.939

377,443

The exports for the week ending this evening reach a total
of 39,073 bales, of which 12,805 were to Great
Britain, 12,839 to
France and 13,429 to the rest of the Continent, while the stocks
as made
up this evening are now 336,919 bales,
Below are the
exports for the week and since September 1. 1883.
Week

Ending Sept 28.

Sept. 1,1883, to Sept. 28, 1883.

Exported to—

Exports
Great

from—

Conti¬

lirit'n. Fra7ice

Galveston

3 201

New Orleans..
Mobile

0,983

Florida

*

Savannah

From

nent.

Boston

Week.

11,442

Great

Sat.

Ordin’/.$lb

She

Total

Total 18S2...

'»

0,540

Total.

nent.

0,773

1,150

13,90.-<

4,159

.

=*

Strict Ord..
8*2
Good Ord..
931 ft
8tr. G’d Ord
9%
Low Midd’g 10%
Str.L’w Mid 10°ig
Middling... 10%
Good Mid.. 10%
Sir. G’d Mid 11%

Sat.

TEXAS.

Mon Tues

8%g

8%G

8%«

85ie

8%

8%

83a

8%

9°,6
9%

9% 6
0%

9%«

9f>,*

10%

Sat.

10%

8516
834
9<3,fi

10%
10%

10%
10%

10%
10%

10%6

10%e

109,fi

109,«

10%

10%

10%

10%

10%

103a
11%

11%
11%

11%
11%

10*4
11%
11 %

Midd’g Fair 11%

lO-ll
11%
11%
11%

11%

12%

12%

12%

12%

12%

11%
12%

Fair

Wed

Ordin’y.$Tb

Th.

8%*

Strict Ord..
8%
Good Ord..
9%*
Str. G’d Ord
9%
Low Midd’g 10%
Str.L’w Mid 101Ji6
Middling... 10%
Good Mid.. 10%
Str. G’d Mid 11%

8%

8%

81%fl

9%

Wed

Frt.

8i%6

! 85,6
83a

99,0

9%

e

11%

Mon. Tae>

9%*

10%6

10%g
10%
11%

11%
11%
11%
12%

Fri*

8%

83ig

91,6

8

8%
Oh*

9*16

8%

91i*

9%
10%
10%

34

99,6

10%

10%

KOI,* IOH10 10916

10%

11

10 34
11%

10%

11

11 ’4

11%

11%

11%

Midd’g Fair 11%

11%
1134

11%
11 %

li 34

11%

12

12

Fair

12%

12%

12%

1231

123a

10%
10%

103a
11%
11%

7%
8;,l«

9

Middling....

8%

9%
10%
10%

9%
10%
10%

lOl'ie ion1Q
10%
10%
11%
11%

11%
12%

Mon Tucfl Wed

7%

11%
12%

Tb.

Frt.

10%(J

.$ lb.

11%

11%
12%

10%

Good Ordinary
Strict Good Ordinary.....
Low Middling

10%
10%

10^
11%
11%

10% *
10%

Sat.

9%6

H)34

10%
O', 8
10%

STAINED.

8

9%«
10%
10%

1

..J 12%

8%e

83*
10%
10%
10% *

10

10%

8%*

Wed

Tb.

9%
10%

8%«

10

11%

12

11 %
12

123i

12%

Th.

Frt,

7%

7%

8

9

8%6

811,6

8l%a

9

8 516
9

9

9%

9iqfi

9l%o! 9l°lo 10%

9%
10%

7,923
21,907

SALES.

The total sales and future deliveries each day during the
week are indicated in the following statement.
For the con¬
venience of the reader we also add a column which shows ^t a

glance how the market closed

on same

days.

'

SPOT MARKET

CLOSED.

8,085
510

3,301

2,055
......

••••••

903

3.070

6.37!

32,440
1,314
15,124

100

1,003

2,894

5,800
......

10,540
510

12,805
31.549

12.839

7,1*30

13.429

5,749

39,073
45 234

Includes exports from Port Royal, &c.
Includes exports from West Point, _fcr.

Mi

NEW ORLEANS.

Moil Tues

MARKET AND

Conti¬

Britain. Franu

......

....

....




UPLANDS.

Sept. 22 to
Sept. 28.

58,312
S9.319

Ex-

| Con-

15,020

50 794

8,168

1,314
23,29!
2,994

100

Mon

Quiet and steady
Tues. Steady
Wed
Quiet "and steady
Thurs Q’l A st’y.rev.quo
Fri.
Quiet
.

.

30,075
14.2>3

28,807
14.714

117,284
118 320

Total
The

Spec- Tran-

port. stunp. uTt'n

Sat.. Firm

9,334

.

*

arrive.

SALES OF SPOT AND TRANSIT.

iiladelp’ai&c

+

for
to

in transit. Of the above, — bales
speculation and
The following are the official quotations for
each day cf the past week.
were

FUTORE8.

....

B Itimore
P

quiet, mid¬

The total sales for forward delivery fo»* the week are 471,900
bales. For immediate delivery the total sales foot up this week
4,742 bales, including 454 for export, 4,288 for consumption,

Charleston *...
Wilmington..
Norfolk!
New York

was

Exported to—
Total

3,201

4,459

quotations. The market to-day
dling uplands closing nominal at 1038'c.

214.807

1879.

18,210

the revised

6,211

In order that comparison
may be made with other years, we
give below the totals at leading ports for six seasons.

Receipts at—

grades below, and stained was advanced
for the best
to the poorest, but new cotton was quoted 3-16@J4C. under

....!

1,001

621

621

801

....{

737

■

....

....

456

••••!
454

Total.

1,001

...J
454'

-8\t.

••••

4,288

....

....

801
737
910
672

Sales.

Deliveries.

67,700
69,300
82.0 *0
98.600
70.600

83,700

4,742 471,900

daily deliveries given above are actually delivered the
p 'evious to that on which they are reported.

200
200
200
200
200
....

1,000

day

THE

346
The Sales and Prices of Futures

CHRONICLE.

shown by the follov-

are

comprehensive table. In this statement will be found tbe
dally market, the prices of sales for each month each day, and
ng

the closing bids, in addition to the daily and total sales.
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78,735
45,000

576,151 1,279:471

933,600

PE

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257.000
77,700
153,800
207,000
14,000

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52,900

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582.700
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42.200
114.330

91,711

128,000

90,000
17,000

16.000

739,500

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470,530

426,611

576.151 1L,279,471

933,600

.1,623.342 1,315,651 ]1,750.001 1.305.211
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pd. to exeh. 100 Jan. for Mar.
pd. to exeh. 100 Dec. for Feb.

©

W

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© M © O* CO©.00 to O’ © to <J M to© M CC 03 Oi
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WCcMCCiOi—O3X--103 to—I I— HOiV-H'S
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following exchanges have been made during the week:
•27
•25

00

Iom

for each mouth for the week is also given at bottom of table.

pd. to exeh. 200 Jan. for June.
pd. to exeh. 500 Nov. for Jan.

10

o©

We have included in the above table, and shall continue each
week to irive, the average price of futures each nay for each mouth.
It
will be found under each day following the abbreviation “ Aver.” Tlie

•00
•22

03 0: to —•I-IOSO:
10 It- to -1 © -] -1
QO CCO -J v C. 03

CO
w

w

<1
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j ©VciOitotOCO©MV
X © 03 10 CC to
© to ©

to

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M © CO

This year’s figures estimated.

CD oc to

*—

&

&5

‘

®
^

MM

1 @

<

.

.

140,000

to

— 33"

WM

®

48.600
102,100
122.000

©

7^

-JO

M

287,000

to

Orders—Saturday. 10-I.jc.; Monday, 10*15c.: Tuesday,
; Tlmrsday, 10 45c.; Friday, 10*40e.
Short Notices lor October—'lliursday, 1.0*40c.; Friday, 10 35 ®10 37c.




15,000

311,865

105,334
8,232

•-3

w —

V14 pd. to exeh. 200 Feb. for Mar.
*60 pd. to exeh. 1.00U Sept: for Mar.
•12 pd. to exeh. loo Dec. for Jan.
•12 pd. to exeh. 700 Dec. for Jan.
•11 pd. to exeh. 300 Nov. for Dec.

79.723

.

293,000
84,000
126,000

o

Transferable

The

ti,

S?w!&5.2
5 S'^Br

-

3

,0*40c.; Wednesday. I0*40c

average

P3cc£rto~to

©2 m® ®

*■*

M M

i1

b

£

M

i1

87.C00
336.919

.

.

515,000
150,000
119,000
381,905

MM

to 1 ©to
M 1 ©M

03

194.000
56,000
71.000
214,-07
33,714
6,600

*358.000
134,000

indicate an increase in the cotton in sight
to-night of 307,691 bales a§ compared with the same date of 1&2,
a decrease of 126,659
bales as compared with the corres¬
ponding date of 1881 and an increase of 253,131 bales as com¬
pared with 1880.
At the Interior Towns the movement—that is the receipts
for the week and since Sept. 1, the shipments for the week, and
the stocks to-night, and the same items for thr* corresponding
period of 1881-82—is set out in detail in the following statement:

to

tow
(X M

:

>>

►

^
M

1 ft
|

iii.
i :

*

M

1-3

1 ft: :

! ft: :
ii
ii.:

CO CO
or.

>

l-J

•

03

C

M M ^4

M

45,000

13?" The imports into Continental ports this week have been

MM

<
®
“

MM

17,000
311,865
79.735

43,00^ bales.
The above figures

o
©

cc

I ^

1 ft'^-I

o

^to!

t—

W M

^

Cia

CcM

[>
<

©

I ft r*:

»

I ft to:

r— 1—

MM

totooto

®
^

toto

w w

I ftr*:

J

b
b

cc

*— I—

©

© X

126,000

*
Tlio stock at Liverpool, according to the estimated running count,
would be 723,000 bales; but actual count makes it 48,000 bales less.
The actual American iu stock is also found to he 02,000 bales less than
the running estimate.

I qim:

to

M W

s

to to c t

*77*

<
©

<

.

.

&o

ce

to

MM

>

*77*

1

.

Total visible supply
Mid. Upl., Liverpool

Pr

o

^

10

§
&3

o

t—

<

14.000

.1,040,642

Total East India,
Total American

to

Otj

MM

71,000

Indian,Brazil, die.—

Egypt, Brazil, &c., afloat

o
to

Oi. Ot

M M

.

London etock
Continental stocks
India afloat for Europe

to

O

M

wO

8,232

§

*sj

2 : u

OD •—

10

6,610

to

b

®

to

hm;.h
to to c to
CO oc ^ cc

l—

to to c to

to

214,807
33,744

<
c.

w

—

336,919
79,723
15,000

&a

M I—

l-M

6,500

10,000

696,611
90,000

b

to 10

1

:

6,900

1-8.000
119,000
16.000
381.905
105.334

-4

toto

►

CO 00
tOM

5,000

37.900

991,530

o

®

to

M M

11.500

207.000

c. ©

M —

c

65,900
8,640

4,300
30,000
13,000

763,500

6 6-

-J-t

to to

--

159.0.00

119,000
1,600
28.000

959,710
122.000
87,000
23,000

*—

>

®1

MM

J

f-*

s

>.

M —M

-10

to

I 'i

2.390
981

Total European stocks.. ..
ndia cotton afloat for Europe.

East

§

1

>-*03

•

19,800
2,830
2,300

300

-

175,711

M M O

t-*
•—

2

o

CJiM

mioCh

to*

to to

O

6

-hCm

I ©^.

MM

©

Tto T

toto

Ml—

—

—

:to
1C

•

to N

©

—

c~*

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co

o

(-‘Vi

<10

1—

co®©

©

>-* — r-

^

totooto

CC

c2 2
I q to:

n-o

h- K-

M

M M

©

M

4,200
25,600
13,600

31,200
8,400
1,700

294,330

to

e-i

I ft©:

C

to-

e-v, •-»

^

HH —u

<
®

I ©i-:

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i ft®:

i ft®:

►— t—‘

l“‘~*

^

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h-- r-

MM

^

Decmbr.

03

1—

h>.

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1-3

c

>-*►-*

99

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co
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1 ft’

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to- »-*

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tc ©

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©C©©
X GO ® X

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or, X © X

©©^ ©

--

•^1 to
to CI

©o©

MM,CM
©Co©
X JL

I ft)©:

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OOo©
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^

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to

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—

*-*

*-*

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t->c ^

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M V M

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to X © ^3

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520,900

10,000
40,200

209,800

Liverpool stock

tc^

M M

X

C©o©

M'-bl*-1
99c©

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2

1 ftM:

1 ft©:

M

M M

©Oo©

^

1 ft

00 to

e*c

i ft to:

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2i
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to to

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M

M

©

—

©

99

mWm^
1 ft) to:

—

to

^1©

<

©o

M

MW

to

kIXm’1
1 ©©:

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0-4©©

CO

9©9

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1

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1 ft©:

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697,200

3.100

2.36,100

rb

r>

co

99© 9

©o©
© © ©

558,700

3,200
41,600
27,000
1,500
7,400
97.000

52,900

Tot&lcontinental stocks...

Total American

CO

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1 ft- m:

©

O' O'

© c

cx

723.GOO

—

Continental stocks
American afloat for Europe...
United States stock
United States interior stocks.
United States exports to-day.

1

^

Oi Ci

99
© c*i

•■*

469,000

30,000
9,000
10,000

Liverpool stock

i

to

© Ci

©

<
►_

j

®

1880.

655,000
42,200

! ft>»s:

M — ccM
© © c. ©

On Oi
C W

1

^

© ©

©

o

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9°

= ®

CI

©

p*

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©

i ft>

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MM

MMO*-1

•

°

.K

'“j

99

m

cj« or

M

®

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I »J.W:
VC11 M

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©

©c©

M©

M

M —*

c

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w

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M

,

M

©

M M

—*

Cc©
M © M

C

HKiCM

o

to-*X

1l

M —^.M

1 ® to

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It*"*
M to
o

1 ft©:

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1881.

431,000
77,700

-

1.623.342 1,315,651 1.,750,001 1,365,211
Of tbe above,the totals of American ana other desoilptions are as follows:
Amertcan-

!
"H

99© 9

»—*

MU’

M *—1 5—

©Co©
MmOm

1SS2.

375.000
48,600

9.400

United States exports to-day..

®

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MM

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MH*

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Stock at Bremen
8 ock at Amsterdam
Stock at Rotterdam
Stock at Antwerp
Stock at Havre
Stock at Marseilles.
8tock at Barcelona
Stock at Genoa
Stock at Trieste
i.

.

Stock in United States porta ..
Stook in U. 8. interior towns..

9©

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Total Great Britain at00k
8tcck at Hamburg

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2

99

.

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99

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to* to-*

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bales.

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CJI

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1883.

Stock at Liverpool

,

CoC

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it

to 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.

Oi

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5p’

The Visible Supply o* 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 atloafc, are this week’s returns,
and consequently all the European figures are brought down

1

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320,90 53,40
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[Vol, XXT9II.

jo to to to row !

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^

The above totals show that the old

interior stocks have in-

cruised during the week 25,164 bales, and are
bales

the
are

to-night 45,979

than at the same period last year. The receipts at
towns have been 13,4 5S bales more than the same week

more

same

last year,

and since September 1 the receipts at all the towns
time in 1SS2.

25,425 bales more than for the same

Quotations for Middling Cotton at Other Markets.—In
the table below we give the closing quotations of middling
cotton at Southern and other principal cotton markets for each

day of the past week.
CLOSING

Week ending

Sept. 25.

Scttur.

QUOTATIONS FOR MIDDLING COTTON ON—

Mon.

Tats.

Wednes.

Fri.

Thurs.

Galveston....
New Orleans.
Mobile
Savannah....
Charleston...

lO’-a

10i*

1046

10

10

10

lO^ia

l05lfl

103,6

104

104

1010

Ida

104
104

10 4

10

10

Wilmington..

10

Norfolk

1018

Boston
Baltimore.

..

Philadelphia.
Augusta

91316

978
10*8
105*
10 q a 3a
10 4

94

104

104

10

10
10

1018
1056
104 ^
H4
94

Ida
104
10 la

104

Receipts

from

the

104

104

104

104
9i 4o

104
104

104

Louis
Cincinnati...
Louisville....
ox.

104

104

9‘4g

10
10
10

104

104

104

10

a>

10

10i*

10

lO^lda 10

10

104
H)4

104
94

94

94
104

10
10

10
10

10

10 4

104
104

4
104

Plantations.—The

•

9131G

94

9i»m
lo
10

10
104
104

Memphis....

347

THE CHRONICLE.

1SS3.J

September i.9,

104

following table ie

week, the rainfall reaching two hundredths of

The
an inch.
averaged 74.
Shreveport, Louisiana.—The weather has been clear during
all the week, with slightly lower temperature. The thermome¬
ter has ranged from 49 to 88.
Vicksburg, Mississippi.—We have had no rain during the
week.
The thermometer has averaged 69, ranging from 54

thermometer has

to

86.
Little Rock,

Arkansas.—Telegram not received.
Meridian, Mississippi.—We have had no rain here within,
five weeks.
Picking is making good progress. It is claimed
that the crop will be one-third short of last season. About
two-thirds of the crop has been picked.
Columbus, Mississippi.—We have had no rain during the
week. Planters are marketing their crop freely. The ther¬
mometer lias averaged 70, the highest being 88 and lowest 50.
Memphis, Tennessee.—The weather has been cold and dry
all the week.
Picking is making good progress, and the orop
is being marketed freely.
The thermometer has averaged 65,
ranging from 51 to 81.
Nashville, Tennessee.—It has rained on two days of the
week, the rainfall reaching eighty-eight hundredths of an inch.
The thermometer has ranged from 52 to 81, averaging 65.
Mobile, Alabama.—It has been showery on one day, and
the balance of the week has been pleasant.
The rainfall
reached fifty-seven hundredths of an inch. Picking is making
good progress. The thermometer has averaged 71, ranging
from 57 to 87.

.

Montgomery, Alabama.—The weather has been generally
prepared for the purpose of indicating the actual movement each
week from the plantations. Receipts at the out ports are some¬ warm and dry during the week, with one light sprinkle, the
times misleading, as they are made up more largely one year rainfall reaching eight hundredths of an inch. Picking is pro¬
than another at the expense of the interior stocks. We reach gressing well and the crop is being marketed freely.
The
therefore, a safer conclusion through a comparative statement drought continues; streams are dried up, causing sulfering.
like the following. In reply to frequent inquiries we will add The thermometer has averaged 70, the highest being 84 and
that these figures, of course, do not include overland receipts or the lowest 53.
Selma, Alabama.—We have had no rain during the week.
Southern consumption; they are simply a statement of the
weekly movement from the plantations of that part of. the crop Picking is making good progress, and the crop is being mar¬
keted freely.
which finally reaches the market through the out-ports.
The thermometer has ranged from 50 to 81,
averaging 08.
RECEIPTS FROM PLANTATION’S.
Madison, Florida.—The days have been warm, but the
Week
Receipt s at the Porta. SVkatl nterior Towns. Rec’pis from Plant’ru
nights have been cool. There has been rain on two days, but
the remainder of the week has been pleasant.
ending—
Planters are
1833.
1881.
1882.
18e3,
1881. | 1882.
1883.
1881. j 1882.
sending their crop to market freely. The thermometer has
753
5,139
8,142 11,024 71.003 3i>,434 OS 702 19,411
IS. *90
July 13
averaged 78, the highest being 90 and the lowest 64.
20
19,3621 9.1C0 9,208 05.756 j 31.622 C4,23j 11,115 5,3i£ 4,085
Macon, Georgia.—We have had rain on three days of the
5.030
2?
0.120
60
8.290 58,27
10,151
week.
The crop is being marketed freely.
rj 23.276 01,029 8.072 2, 9S5
3.821
Aug. 3
17,8181 4,815 7,004 52,441' 24.140 57,886 11,982
Columbus, Georgia.—We have had rain on one day of the
5.026
21,093
10
53.206
1,433
9.706 48.273
8,894
4,811
13,002
j
week, the rainfall reaching sixty-three hundredths of an inch.
9.115
1.793
1?
6,350 10,305 15.371 j 10.535 52,016 17,630
20,533
Picking
has made excellent progress; about two-thirds of the
24
14.827
30.199
10,144
9,873
50,526
35.078! 12,332 11,305 4C.492j
SI
The ther¬
40,722! 23.032 22,971 4«.4*2j 15.520 50.349 52,652 24,231 22.754 crop has been picked, and is being marketed freely.
mometer has averaged 72, ranging from 58 to 78.
72.012 28,683 33.30S 57.410: 16.519 53,570 83.000 29,681 87,728
Sept 7
14
Savannah, Georgia.—It lias rained on one day of the week,
91.052: 49.512 61,343 75.452! 19.115 5>,9S9 112X94 52,108 69,761
21
and the remainder of the week has been pleasant. The rainfall
77.223 00,819 103,779 19/83 75.179 140,620 83,093 113.009
112.293j
f “
2*
134.756! 106.479 125 032 124.5261 40,622 U 5.778 155.503 151.116 155 63 i reached sixty-four hundredths of an inch.
The thermometer
The above statement shows—1. That the total receipts from the has averaged 72, the highest being 86 and the lowest 62.
Augusta, Georgia.—We have had light rain on one day of
plantations since September 1, in 1883, were 376,129 bales; in
the week, the remainder of the week being pleasant.
The
18S2 were 327,094 bales; in 1881 were 503,873 bales.
rainfall reached sixty hundredths of an inch. Planters are
2.—That, although the receipts at the out-ports the past week
marketing their crop freely. The thermometer has ranged
were 125.032 bales, the actual movement from plantations was
from 55 to St, averaging 69.
155,631 bales, the balance going to increase the stocks at the
Atlanta, Georgia.—It has rained on one day of the week
interior towns. Last year the receipts from the plantations for
the same week were 153,116 bales and for 1881 they were 155,503 the rainfall reaching fifty-seven hundredths of an inch.
Average thermometer 66, highest 79, lowest 52. We had rain
bales.
on one day last week, the rainfall reaching ten hundredths of
Weather Reports by Telegraph.—The weather during an inch. The thermometer averaged 72*6 and ranged from 63
the week has been favorable for the gathering of the crop, to 84.
Charleston, South Carolina.—It has rained on two days of
and in consequence picking has made excellent progress.
the week, the rainfall reaching ninety-seven hundredths. The
Galveston, Texas.—We have had a shower on one day of the thermometer has
averaged 72, ranging from 63 to 85.
week, the rainfall reaching forty-two hundredths of an inch.
The following statement we have also received by telegraph,
Crop prospects unchanged. The thermometer has ranged from showing the height of the rivers at the points named at 3 o’clock
September 27, 1883, and September 28, 1882.
61 to 83, averaging 73.
27, ’88. Sept. 28, '82.
lndianola, Texas.—It has been showery on one day of the
week, the rainfall reaching twenty-one hundredths of an inch.
Feet. Inch.
j Feet. jInch.
4
11
9
.Below liigh-water mark 1
12 !
Picking is making good progress. The thermometer has aver¬ New Orleans
7
1)
6
.Above low-water mark.
2
Memphis
11
2
5
.Above low-water mark.
0
Nashville
aged 72, ranging from 61 to 8-1.
8
9
j
(J
.Above low-water mark.
1
Dallas, Texas.—We have had no rain during the week. Shreveport
15
2
.Above low-water mark. 1
3 i 10
Vicksburg
Picking is making satisfactory progress. Average thermome¬
New Orleans reported below high-water mark of 1S71 until
ter 67, the highest being 90 and the lowest 43.
Brenham, Texas.—We have had one fine shower during Sept. 9,1874, when the zero of gauge was changed to high-water
the week, the rainfall reaching eighty hundredths of an inch. mark of April 15 and 16, 1874, which is 6-10ths of a foot abov©
The thermometer has averaged 69, tiie highest being 89 and 1871. or 16 feet above low-water mark at that point.
the lowest 52.
India Cotton Movement from all Ports.—We have rearranged
Palestine. Texas.—It has sprinkled on one day of the week, our India service so as to make our reports more detailed aud
the rainfall reaching two hundredths of an inch.
Good at the same time more accurate. We had found it impossible
progress is being made with picking. The thermometer has to keep out of our figures, as cabled to us for the ports other
ranged from 19 to 85, averaging 67.
than Bombay, cargoes which proved only to be shipments from
Huntsville, Texas.—Vie have had no rain during the week. one India port to another. The plan now followed relieves us
Picking is progressing finely. The thermometer has averaged from the danger of this inaccuracy and keeps the totals correct.
67, ranging from 47 to 87.
We first give the Bombay statement for the week and year,
Weatherford, Texas.—There has been no rain during the bringing the figures down to September 27.
week.
Picking is making satisfactory headway.
Average
BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR YEARS.
thermometer 61, the highest being 88 and the lowest 39.
Receipts.
"Shipments this week.
Shipments since Jan. 1.
JBelton, Texas.—We have had no rain during all of the week.
This
Since
Conti-'
Vear
Great
!
Great
Conti¬
Picking makes satisfactory progress. The thermometer has
Total.
Week.
Jan.l.
BriVn. nent■ j Total. Britain
nent.
averaged 65, the highest being 81 and the lowest 48.
Luting, Texas.—There lias been no rain during the week.
8.000 8,000 415.000 792,000 1,237,000 5,000 1,556,000
Excellent progress is being made with picking. The ther¬ 1S83)
1332
0,000 3,00:>i 9,000,740,000 0*03.000 1,349,000 5.000 1,624,000
1381'
mometer has ranged from 63 to 95, averaging 79.
'30 1,000'542.000 8 10.000 5.000 1,163,000
-4 5. OOn
2 on.) 1.082.000
lW’j
1.000 5.ODD' 0 Odd 357.0«»0,4*8.000
New Orleans, Louisiana—It has rained on one day of the
O

u

<

II
41

■

II

“

*4

“




*

j'SV'p/.

'

1

......

•

V\

y

•' •!■

/•■r<^‘vi'..

i*(.\

<r

„*.

-^--

,,-

348

.“ w- •* ^'•'vol -’,

* /

'***?'•*?>a *• ‘7’' -'"--'-.vT? fir:
x.’ ’ v*^rf ‘ *"A ‘ • ~ 1 * .'.

j

THE CHRONICLE.

According to the foregoing, Bombay appears to show the

receipts daring the week

last

active

as

year,

Great
Britain.

Conti¬

Comparative Port Receipts

Great
Britain.

Continent.

There have being

progress.

and

Daily Crop Movement.—

comparison of the port movement by weeks is not accurate
as the weeks in different years do not end on the same
day of
the month. We have consequently added to our other
standing
tables a daily and monthly statement, that the reader
may
constantly have before him the data for seeing the exact relative
movement for the years named.
The movement each month
since September 1, 1882, has been as follows.

Shipments since January 1.

Total.

nent.

fair inquiry is in

a

A

Kurrachee and Coconada.

Shipments for the week.

though

[Vol. xxxv n.

sales of about 5,000 bales paper grades up to 2c., while a few
small lots of bagging grades are reported at 2%@2^c., and the
close is steady at 2@2^c. as to quality.

ihe shipments
for the week show a decrease of 1,000 bales, and the
shipments since January 1 show a decrease of 112,000 bales.
The movement at Calcutta, Madras and other India ports for the
last reported week and since the 1st of January, for two years
has been as follows.
“ Other ports” cover Ceylon, Tuticorin,
same

.ANA?V‘

:

r - ^^v*-;'"

Total.

Calcutta-

|V>(

10.800

32,000

95,500
137,700

1,000

1,000

14,500

1,500

1,500

58,400

1,000
4,600

3,000

34,100
43,800

8,600

43,000

26,700

70,500

1,000

1982

2,000

800

Total all—
1883
1882

94,700

105,700

800

2,000

2,000

4,000
2,300

2,300

133,600
207,900

Receipts.

15,500

January
February.

154,000
271,200

Shipments
Europe
from—

This
week.

Bombay

8.000 1,237,000

All other ports.

4,000

Total

j

This
week.

June

July
August...

1881.

This

Since

|

9,00 Jj 1,340,000

154,000

2,300;

12.600 1,391,000

|

J

271,200

11,300 1,620,200

1.

Alexandria Receipts and Shipments.—Through arrangements
have made with Messrs. Davies, Benachi & Co., of Liverpool

we

and Alexandria,

receive

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
we now

of the previous two

Total port receipts.

September 27.

1882.

145,048 bales

Receipts (cantars*)—
This week....
Since Sept. 1

18,000

'

400

Sept. 1.!

week.

1,200

’

20.TOO

|

27,o50

Since

This
week.

Sept. 1.

942,272

779,237

956,464
647,140
447,918
261,913
158,025
110,006

892,664
616,727
564,824
302,955
166,459
84,299
29,472

88,455

54,258
67,372
•42,714

Exports (bales)—
To Liverpool

j

To Continent

Europe

Total
*

A

can tar

i.odo

1,000

1,000

1,000;

4,700

4,700

214

2L4;i

1

4,914

4,914

Sept.l....
“

Since

Sept. 1

2.500
840

4,000

3,340

4,938

were

18,000 cantars and the shipments to ail
1,000 bales.

9915

99-99

00-00

00-85

00-01

01-21

100-00

100-00

100-00

100-00

2,765
8.

“

3....

7,215

4....

3,996

in

time

same

1880-81.

1881.

1880.

1879.

5,055

5,600

5,037

2,390

10,356
10,182

5,669

S.

5,868

8.

938

3,490
1,348
1,391
2,261

10.512

6,474

d.

July 2 7
Aug. 3 8*4 ®
10 84 a>
‘

“

111

“
“

17 34 d>
24 84 ®
31 3si« a>

d.
9
9
9
9
9

••

“

««

14 84
21 84

<t
n

-2*

Shirtings.
«.

5
•5
5
5
5
87s .5

Sopt. 7 3:4fi d> 84

1882.

.5

.5
8 'H T>

84

A

d.
8.
'2)7
8

<r>4«

9»1B®104 6

5

94 2>l<>4

54

7*7

6
6
6
6

d) 7

0

rd> 7

0

®7
3> 7

0
0

2>7

0

rco7
col

6

G

d.

4

d.

8.

6

51‘1.5 94 ai(>4 6
514« 9 ms® 94 6
54
9‘4 d> 94 6
94
5>1 u: 94
514.5 94
51»lb 94
54
94

94 6
cO 94
® 94 6
(0

&
ct)

84 lbs.

Mid.

Shirtings.

d.

6

8

-

d
0
0
0
0
0

8

s^. ~

^ O- *>T

32s Cop.
Iwist.

Cod

94 6
9:U

New York Cotton Exchange.—The value of

d.
6
6
6
6
6

8.

d>8
@8

Upics

d.

d.

6.169

3.396

13,859

8.

4,927

4,224

14,754
9,315
8,616

7,116

8,194
8,143

9,069
7,637
8,191

2,104

7....

5,636
4,493
6,405
6,405

5.454

8.

18,792
13,054

11,096
10,862

5,124

8.,

15,646

13,1157,341
6,258

"

8....

“

9....

8.

8.

10....

13,920

“

11....

9,436

11,202

“

12....

8.033

13....

9,178

5,645
7,474

16,595

“

17,797

20,842

14....

15,283

14,674

15,1.17

8.

“

15....

11,742

10.87 0

8.

16....

S.

21,062

13,999
16,191

15,628

“

8,044
10,742
8,060

12,215

15,127

“

17....

16,361

18....

21,869
11,760

8.

“

8.

20,900
13,470

12,995
14,071

10,425
10.032

14,955

11,125
16,933
11,302

8.

“

19....

15.195

1G.593
9,606

“

20....

11,087

12.733

“

21....

22.166

13.039

“

22....

15,709

17.187

17,206
19,476
15,551
13.996

23....

8.

16,201

29.700

4,378
4,853

3

64

a!

i

7

9

memberships at

present is about £3,r>i)0, which should attract the attention of
buyers.
buyers.

The following visitors

Robt. G. Lowe. (I it 1 vest oil,
F. \V. I ay lor, M nipli s,
F. P. Poston, Iwanphis,
R. L. Frown, Virginia.
Lucas E. Mooie, New Orleans,
I)r. J. II. Gaston, Moot-on cry,Ala.,
J. F. Hunter, Pendleton, s.
Z. F. McKenney, Piedmont, 8. C.,
H. C. SeliiuoUi, New Orleans,

George Wooutail. i tvei pool,
Harold Turner, Liverpool,
R. F. Phillips. Live) pi.ol,
XV. W. Shaw, Washington, N. (A,

were

introduced this week

John Murdoch, Mi

It. A.

Gary, Virginia.

inquiry has berii fair




19.141

26....

19,746

22,46*

8.

19.975

13,584
13,814

“

27

21.570

1 9,70:;

26.603

23.079

28....

25,292

2 4.581

15,773

37,550
25.195

22,970

“

8.

18,016

319.507

270,085

375.728

406,276

271,612

264,474

06 92

05-43

0594

...

This

S.

.

04-40

shows

statement

07-96

that

receipts since Sept. 1 up to
to-night are now 49,422 bales more than they were to the same
day of the month in 1882 and 50,221 bales less than they were
t > the same day of the month in 188L.
We add to the table
the percentages of total port

September 23 in each of the
The Following

are

the

New York,
Th is
week.

the

receipts which had been received
named.

j
lJ

Sept.

5,580

2**,0’»3

Texas....
Savannah
Mobile
Florida.
S.Car’lina

3.66 i
5,427

20.231,

3.479

N Car’Iinn

f>.) 4

Virginia..
North, pts
Team., ifee.
Foreign

4,696

1 2.663

......

......

.

Gross Receipts

......

....

-

Tain year. 23.488

J-

-

-

n<>

q

~

Sept.

1.

This
wed:.

.

...

Si

nee

Sept. 1.

Ball t

Th is
-’wed:.

more.

Since

Sept. 1.

.......

1,174

4,910

s;

2 16

1.810
,

.

1

.

......

|

....

614

60*9

431

...

mf0m

5,750
’

...

2,513

124

5 70

3.007

7,316

1,20 t

0 OCT

O

360

2,872

471

1,77

3,2*08

5-7

558

3,005

6,456

......

1.693

1

Cotton at New

*
.

!

i

«3

/

/

416

75;

81.153'
-

of

for the past week,

Ph ihxtrt ph in.

Since

364;
4

..

uv

1,060
3, / *3

-

83

Th is
week.

i

1 i .540
l.M) I
6,0 4 4

to

vears

Boston.

j

Since

N. Orl’ans

...

distributed and all grades are bmug
taken.
Prices aie steadily held, dealers not being willing to
accept less than quoted rates, which are 0c. for 115 lbs., 9/£e.
for I % lbs., It)/4 c. for 2 lbs and ll@11^4c. for standard
grades.
Bales are about 4,000 rolls at these figures. Butts are not very
y

21,788

“

C.,

Jute Butts, Bagging, &c.—There has been a good demand
for bagging since our last and goods are moving freel/.
The

8.

17,905
13,579

15,866

from—

,*•

3,420
23,729
21,332

8.

Receipts

Augustus May, New Orleans,
IOdwaid .May, Chi a no,
la 1.iiar G. lle.it n, Chicago,
l iios. 1Juiitoti. New Orleans,

2

19,434
30,35"

York, Boston, Phila Idphia and Haiti.n
and since September 1. 1333:

,

8.

17,749

27,438
21.6LU

port ree’nn Sept.2S

:

siss'ppi,

J. ('. It. Dr.-iper, Liverpool,
M. Plight, New Orleans,
W. O. i)ick.»on, Norfolk, Va.,
J. F. Rodewiild, Liv rpool,
II. 8. Has-eltmi, Lancaster, S.
.Lillies T. Wood, New Ora-a is,

20,019

14.36 1

P’roentage or c»t 1

7»ia

17,03-

28,346

To",al

n

8,537
10.714

25....

74<5
H

8.

30,306

7.932

24....

7

74
7 4

7,636
7,069

“

0
0

“@8 0
44 o’ 7 104
4 4^7 l (14
4 4 0)1 1<»4
4 4 2)7 10 4

8.

M

0

1

4,103

“

^lG
J

4,051
4,799

4,969

0

<

8.

5,708

5....

“

Europe

1878.

6....

“

84 lbs.

JHie

“

weeks’ prices for comparison.

32s Cop.
Twist.

98-70

“

Manchester Market.—Our report received from Manchester
fco-night states that the market is dull, with yarns slightly
lower.
We give the prices of to-day below, and leave previous
1883.

20,240
34,564
52,595

18,081
458

10000

1832.

“

is 98 lbs.

were

42,142

13,988

00-33

than at the

more

2....

“

This statement shows that the receipts for the week ending

Sept. 27

98,491
578,533
822,493
900,119
689,610
472,054
340,525
197,965
96,314

i

j

1,200

! This

Since

288,848
689,264

:

This
week.

333,643
888,492

9962

1^0-00.

.

1883.

.

1881.
-

1877.

receipts since September 1, 18S3, and for the corresponding
periods of the five previous years have been as follows.

a

1883.

1878.

This statement shows that up to
Aug. 31 the receipts at the
ports this year were 1,299,374 bales more than in 1881-82 and

years.

Alexandria, Eaypt,

1879.

-

Corrections

3.600 1.040,200

-

This last statement affords a very interesting comparison of the
total movement for the three years at all India ports.

i 1

erc’tage of tot. port
receipts Aug. 31..

846,000
194,200

3,600,

1880.

Totalyear 6,019,738 4,720,364 5,874,090 5,001,672 4,447,276 4,345,645

Since

j Jan.

week,

Jan. 1.

....

May

CorrcL’ns-

1882.

Since
Jan. 1.

752,827
595,598
482,772
281,519
185,523
78,501
42,299
58,386
24,837

March...

April

Beginning September 1.

429,777
458,478
853,195
968,318
974,013 1,006,501
996,807 1,020,802
487,727
571,701
291,992
572,723
257,099 475,532
147,595
284,246
113,573
190,054
68,679
131,871
36,890
78,572
45,143
115,1L4
123
17,344

Deoemb’r 1,112,536
.

20,400
63,300

1881.

326,656
980,584
Noveinb’i 1,094,697

EXPORTS TO EUROPU FROM ALL INDIA.

to all

1882.

Sept’mb’r
Ootober..

63,000

The above totals for the week show that the movement from
the ports other than Bombay is 1,700 bales more than same
week last year. For the whole of India, therefore, the total ship¬
ments since January 1, 1883, and for the corresponding
periods
of the two previous years, are as follows.
1883.

Year

Monthly

!

1883
1882
Madras—
1883
1882
All others—
1883

'

•

1

v' <

>

< ■."

5, 198

8,267

-

1

.9, 1 \

H

16,430
0 a

03

September 20,

THE

1883.]

CHRONICLE

Shipping News.—The exports of cotton from the United
States the past week, as per latest mail returns, have reached
34,627 bales. So far as the Southern ports are concerned, these
are the same
exports reported by telegraph, and published in
the Chronicle last Friday. With regard to New York, we
include the manifests of all vessels cleared
up to Thursday
night of this week:
Total bale!.

New York—To

Liverpool, per steamers Britannic, 1,293....
Oity of Rome, 548
Egypt, 730
Republic, 1,435
tServia, 1,371
Strabo. 225
Wyoming, 1,133

To Hull, per steamer Galileo, 1,350..
^
To Havre, per ste oner
France, 2,055
To Bremen, per steamers Elbe, 1,354
Oder. 07L
To Hamburg, per steamers Frisia, 1,300
Rhaetia, 1,400
To Rotterdam, per steamer P. Caland, OOO
To Antwerp, per steamer Nederland, 475

spot cotton, have been

3ales

3pec.&

475

2,779
3,987

1,248
000

1,550

Samaria,
379

Philadelphia—To Liverpool, per steamers British Crown, 477
Illinois. 900
San Francisco—Tc Liverpool, per bark Annie
Johnson, 103
Total

exp.

^

Market,

j

12:30p.m.

shipments, arranged in

New York.
N. Orleans.

Baltimore..
Boston

TTam-

Hull. Havre, men.
1,350 2,655 2,025

6,735
2,779
6,061

Hotter-

dam.

burr/,
2,700

600

103

1,248

P. M.

8,000

1,6 JO

1,000

1,000

Dull.

Dull.

Quiet.

\

6,642

Totol.
16,540
6,766

werp.
475

2,150

3,273

2,700

51:*i6

534

51*1(5

578

10,000
1,000

10.000

53t
578
8.000

1,000

1,000

Barely

Quiet.

steady.

Quiet.

Quiet.

Easy.

Steady.

Firm.

Barely
steady.

The opening, highest, lowest and
closing prices of futures at
Liverpool for each day of the week are given below. These
prices are on the basis of Uplands, Low Middling clause, unless

otherwise stated.
t^The prices
and 6 03

means

are given
6 3-64d.

in pence and Gilhs, (has: 5 62

Sat., Sept. 22.

Ant-

2,750

475

Mon., Sept.

1

24.

means

5

G2-6id.,

Tues., Sept. 21.

Open High Low. Clos.

Open High Low. Clos.

d.

d.

d.

d.

d.

d.

d.

d.

d.

d.

d.

5 51

5 52

5 51

551

5 51

5 51

5 51

5 49

5 50

5 49

5 50

5 48

5 49

5 48

5 49

d.

September.
Bept.-Oct...

5 55

5 55

5 53

5 53

5 54

5 54

5 52

5 52

551

551

5 50

5 50

9.462
379

Oct.-Nor....

5 53

5 53

5 52

5 52

5 50

5 50

5 49

5 49

Not.-Dcc...

5 53

5 53

5 51

551

1,377

5 49

5 49

5 49

5 49

5 48

548

5 48

Dec.-Jan....

5 53

5 48

5 51

5 52

5 52

5 50

5 51

5 50

5 50

5 49

5 49

5 49

Jan.-Feb....

5 49
5 51

103

1,350

8.000

usual

103

17.437

8.000

free.

l

Market,

3,377

1.377

Frau..

Total...

our

3.987

379

Philadelp’a

5»18
5luia

Open High Low. Clos.
Bee-

pool.

51j16

Offerings

34.627

Liter-

Easier.

5ihe
51*10

Ft'iday.

0,004

To Bremen, per steamer General
Werder, 1,248
To Rotterdam, per steamer Stella, 000
To Antwerp, per steamer Buenaventura,
1,550
Boston—To Liverpool, per steamers Palestine, 179
200

The particulars of these
form, are as follows:

Dull.*

Thursday

Easier & Mod. inq. Mod.
inq
f r’ct’nal ly
freely
freely
clie.i per.
supplied. supplied.

futures.

5

riqueno, 1,500

Wednes.

supplied.

1,350

2,700
000

.

inq.
freely -

$

p.m.

Tuesday.

Mod.

?

Market,
12:30

follows.

as

Saturday Monday.

Spot.

lid Upl’ds
Aiiu.Ori’us

2,055

New Orleans—To Liverpool, per steamer
Legislator, 2,779
To Havre, per steamer
Maharajah, 3,987
Baltimore—To Liverpool, per steamers Alava, 1,829..
.Gallego,

San

The tone of the Liverpool market for
spots and futures each
day of th<^ week ending Sept. 28, and the daily closing prices
of

0,735
2,025

349

34.627

Below we add the clearances this week of vessels
carrying
•cotton from United States ports,
bringing our data down to the

latest mail dates:

Galveston—For Have—Sept. 24—Steamer Tunis, 3,201.

|

5 51

5 58

5 56

5 54

5 55

5 53

5 53

5 52

5 52

5 52

5 52

5 51

Feb.-March 5 59

5 59

5 57

5 57

5 55

5 56

5 55

5 55

5 55

5 55

5 54

Mar.-Apr...
Aprtl-May..

5 62

5 54

5 62

5 60

56)

5 58

5 59

5 58

5 58

55-1

5 58

5 57

6 01

5 57

8 01

0 00

600

562

5 63

5 62

5 62

5 8,0

5 61

5 00

May-June..

6 05

5 61

0 05

6 04

6 04

8 01

6 01

0 01

Oil

0 00

610

6 00

0 00

June-July..
July-Aug...

....

....

....

....

•

.

..

....

,,,,

....

•

•

....

•

....

....

....

•

•

•

•

•

•

...

•

•

.

.

....

.

•

..

•

.

«

•

•

....

...

....

New Orleans—For Havre—Sept. 24—Steamer
Marseille, 6,983.
For Vera Cruz—Sept. 22—Steam schooner E. D.

Sidbury, 657.
Baltimore—For Liverpool—Sept. 22—Steamer
American, 1,036....
Sept. 26—Steamer Leonora, 2,265.
Philadelphia—For Liverpool—Sept. 21—Steamer Indiana,
800.
For Antwerp—Sept. 25—Steamer
Zeeland, 100.

Below we give all news received to date of disasters
carrying cotton from United States ports, &c.:

to vessels

Samuel B. Baker, lighter. The lighter 8amuel B. Baker
lying at Pier
40, N. R., took tire at 2 P. M. of the 25th inst. She was loaded
with 2,0u0 bales of cotton ex-steamer
Lampasas, from Galveston,
in transit for Liverpool,
per steamer Scythia (Br.) The lighter
was towed out into the stream, where the tire
was extinguished.
It was stated that the cotton was not
badly burned.
Gwen Hitchcock, lighter. About 3 P. M. of the 25th inst. fire
discovered iu the cotton on board the Owen Hitchcock,

was

lying
Brooklyn.

alongside the steamer Herschel, at Martin’s Stores,
The lighter’s cargo consisted 1,603 bales of cotton, ex-steamer Rio
Grande, from Galveston, in transit for Liverpool per steamer
Herschel. After drifting about the river for some time the
lighter
wns towed to the lower side of Pier
1, N. R., where her cargo was

being discharged

Cotton

same

September.
Sept.-Oct...

Wednes., Sept. 26.

Thurs., Sept. 27.

Fri., Sept. 2S.

Open High IjOw. Clos.

Open High Low. Clos.

Open High Low. Clos.

d.

d.

d.

d.

d.

d.

d.

d.

d.

d.

d.

5 49

5 49

5 48

5 40

5 49

5 51

5 49

5 51

5 51

5 51

5 49

5 48

5 48

5 47

5 48

5 48

5 50

5 48

5 50

550

5 50

5 49

5 49

Oct.-Nov....
Nov.-Dee...

547

5 47

5 47

5 47

5 47

5 49

5 47

549

5 50

550

5 48

5 49

5 46

5 46

5 46

5 48

5 47

5 49

5 47

5 49

5 40

5 49

5 48

5 49

Dec.-Jan...

5 48

5 48

5 47

5 47

5 48

5 50

5 43

5 50

5 50

550

5 49

5 50

Jan .-Feb....

5 50

5 50

5 49

5 49

550

5 52

5 50

5 52

5 52

5 52

5 51

Feb.-March

552

5 52

5 53

5 52

5 53

5 54

5 55

5 54

5 55

5 55

5 55

5 54

558

5 58

5 58

555
558

5 02

5 62

5 60

501

0 00

6 00

6 00

000

Mar.-Apr...
April-May..
May-June..
June-July..
July- Aug...

«...

5 59
5 62

Satur.

Do

sail...d.

Do

'

sail

Bremen, steam,
Do

sail

c.
e.

.c.
c.

Hamburg, steam. e
Do

sail..

c

Mon.

*8

Tuts.

*8

....

....

15aa*

1522*

....

Wednts.

Thurs.

Do

sail...c

Do

sail

d.
c.

*

*8

*8

*8

....

....

....

1532*

1532*

•

1632*

•

•

5 82

5 02

•

....

....

....

....

....

*

*

*•

•

•

•

.

....

....

563

•

...

**•

•

•

*

•

•

•

•

•

6 00

5 63

....

•

....

.

••

.

•

.

6 00

....

•

•

.

•

....

....

....

•

•

•

.

....

....

*

*

*

*

...»

•

•

•

1532*

716*

7i0*

716*

7ie*

....

....

....

....

....

V

38*

38*

38*

38*

30*

....

....

....

.

.

.

.

.

.

Li*
....

.

.

....

....

.

....

....

V

710*

....

V

*4*
....

.

V

....

....

....

V

V

V

....

....

....

....

....

1516*

1516*

l516*

15i«*

V
V

58"
V

®8*
5g*

eg*

V

®b*

5g*

V

V

38*

38*

38*

3g*

Compressed.

BREADSTUFFS.
Friday, P. M.. Sept. 28, 1883.

The flour market

was

The wheat market

was

we have the following
sales, stocks, &c., at that port. We

add previous weeks for comparison.

active, and prices showed

an upward
tendency early iu the week, but no important advance took
place, and Tuesday closed dull, while Wednesday and succeed¬
ing days showed more or less depression. The through exports
from the West to Europe have been on a moderate scale.

quite active and buoyant early in the
week. Advices from the Continent, and
especially from France,
were quite favorable, and the eastward movement was
moderate;
but

subsequently somewhat irregular and extraneous influences
contributed to check speculative action, and values took a

downward turn.

Liverpool.—By cable from Liverpool,

Yesterday there

was a

notable absence of de¬

mand, whether for export, home consumption or speculation,
and, under free shipments from the West eastward, prices fell
off

Sept. 7.
Sales of the week
bales.
Of which exporters took
Of which speculators took..
Sales American
Actual export
Forwarded
Total stock -Estimated
Total stock—Actual
^

Of which American—Estim’d

Of which American—Actual.
Total import of the week
Of which American
Amount afloat
Of which American




•

r’v

•

....

statement of the week’s

•

*8

716*

Barcelona, steam.c.
Genoa, steam
e.
Trieste, steam ...e.
Antwerp, steam..c.

•

....

Fri.

....

Amst’d’m, steam.c.
Reval, steam

•

5 59

as follows:

....

.

5 62

....

5 59

....

i

Havre, steam

....

5 59

afternoon, considerably damaged.

freights the past week have been

Liverpool, steam d.

d.

5 50

Sept. 14.

65,000
11,500

70,000
11,500

2.200

5.000

48,000
6,000
5,700

831,000

46,500
12,500
5,900
783,000

548,000

511,000

29,000
6,700

24,500
14,000

106,000
23,000

104,000
23,0001

Sept. 21.

Sept. 28.

66 00

49.000

'

7,500
9.00V
40,000
8,000
5,300
„

6,800
2.800
,

37,000

765,000

8,700
13,000
723,000

481,000

675,000
450,000

43,500
12,000
81,000
30,000

388,000
19,500
9,500

71,000
23,000

sharply. Stocks begin to prove burdensome, and the pros¬
pects of an immediate outlet to the surplus are not encourag¬
ing to operators for the rise. To-day the market was better,
and the speculation fairly active, but the regular trade
quite
dull ; shippers seemed to be without orders ; No. 2 red sold at
$1 11%@$1 11% for October, $1
14% for November,
$1 15%@$1 16/£

for December and $1 17/4@$1 18% for

January.
Indian

have,

corn

even

advanced

early in the week.

Frost accounts

at this late day in the season, been made to do

CHRONICLE.

THE

850

<3nty by the “bull” party in support of prices; but their
influence was slight and momentary. Depression soon set in,
and the advance was wholly lost. Some relief to holders was
afforded by au export movement on Wednesday and Thursday,
amounting to 560,000 bush., mainly to Liverpool, at 3/2@4d.
ireight per 60 lbs. Nevertheless, the close List evening was
weak. To-day there was a steadier tone, with a fair degree of
speculative activity, but the regular trade was quiet. No. 2
mixed sold at Gl%@62J4c. for October, Gi*4@Gl%e. for Novem¬
ber and C0M@G0^e. for December.
Eye has been quite active ; No. 2 Western brought 70@71c.
early the week and was bought for November at 72c., but yes¬
terday the business was at G7/2(aOS/2c. alloat. To-day two
boat loads of Western sold at GSc.

FI trur,

Wheat,

Corn,

Rye,

bush.
bush.
7,700 160,552

bush.

612,900
227.537
3,200
1,452
5r>,u03

Total week... 307,533 2,130,005 1,814.054
Cor. week ’82.. 301,921 2,773.090
892,250*

The total receipts at
Dec. 25, 1882, to Sept.

Barley,

Oats,

bbls.
bush.
bush.
124,230 1 ,193,538 1,033,845
99,997
2,059 287,249
1.100
10,300
3 22,933
11,891
92,107
141,100
Philadelphia... 20.520
106,500
Baltimore...... 28.163
676,814
115,802
New Orleans... 18,629
25,396
137,425

At—
New York
Boston
Portland
Montreal

&855

1,000

9,600

..

.

43.345

li,486

.41,168

1.370

084,052

21.155 174,408
0,425 '0,700

839,487

the same ports for the period from
22, 18S3, compare as follows for four

years:
1881-82.

1880-81.

9,695,771

8,223,579

9,318,009

7 3 23,912

bush. 40,197.7! 4
05,790.222

50,079,121
24.833.275
21.711,182

73.437.150
82,1 86.115

90,831.170
112,054,239
16,437.275

1882-83.
Flour

bbls.

Wheat
Corn
Oats

22,251,275
2.201,385
3,4.02,952

.

Harley
Rye

Oats have been without

[voi» xxxvii.

1879-80.

21,421.172
2.0 15,2 >8

*2.313.475
1,086,427

1.083.853

1,038,503
3,503,040
important fluctuations. A slight
advance early in the week was afterwards lost. Supplies are
Totalg ain
139,902,073 107,050,48 ) 180,131.563 222,514,589
The exports from the several seaboard ports for week ending
ample and the speculative interest is largely under the influ
*r,ee of variations in Indian corn, and to-day there'was a
steady, Sept. 22, 1883, are shown in the annexed statement:
moderately active market.
Exports
Flour.
Wheat.
Corn.
Oats.
Peas.
Rye.
from —
The following are closing quotations :
FLOUR.

No. 2 spring...
No. 2 winter

$ bbl. $2
3
3
4
4
4

Buperflne

Spring wheat extras..

Minn, clear and str.Vt
Winter sbipp’g extras.
Winter
clear
and

straight....
Patents, spring

Patents, winter
$0 25® 7 00
City shipping extras. 4 GO a> 5 25
.Southern bakers' and
25® 7 00
family brands
South’ll stip’g extras.
25 ft •ft 00

GO ® 3 25
2 -Via) 3 50
30 ® 3 85
00 ft 4 50
75® <; 75
00 a 4 40

Rye hour, superfine..

75 ®

4 10

Coni meal—
4 50 To 0 25
6 2 5® 7 25

..

New York
Boston...

-

95
1 00
1 3 2

3 10®
3 45®

Brandywine, <fee....

90

Bed winter
White
White No. 1
Corn—West, mixed
West. mix. No. 2.

95
......

57
61
01

White Southern..

®
®

07

Corn—
Yellow Southern.
Western white...

62
59

13

Rye—Western

66

08

®1
® 1
SI
® 1
®1

3 40
3 50

03

t>2r,a

s
®

05

®
®
®
ft

64
(52
69
76

74
33 kj ft
36
35
®
44
3-T-U K 35
36
®
30Vl
Nominal.

Oats—Mixed
White
No. 2 mixed
No. 2 white
Bariev

.

Montreal)
Philadel..
Baltim’re
N.Orl’ns

Total w’k.
8’nie time
1882.

statements below, prepared by us from the figures of the New
York Produce Exchange. We first give the receipts at Western
Lake and River ports, arranged so as to present the compara¬
tive movement for the week ending Sept. 22 and since .Aug. 1
for each of the last three years:
!

Flour.

Wheat.

Corn.

Oats.

1 BblsAWWs Bu.s/i.OO lbs
1,010,750
51,2)1
Chicago
146,51.S
Milwaukee..
3.4 1

Detroit

2,57s

r

j,

19 j

S22,170
10.SQO

20.S ;0
2

7;>stv2o

Toledo

Bush AS lbs Bush .50 lbs

Bush.o6lbs\ ljH.sO.32 lbs
2,01

12s ,057

J0,0 i)
13,3/S
1

,

3,115

101,<00

4,200

5.100

2 13,90'S

i;:s.o.)i

40,010

Peoria.

7.403

220,930

335,125

23,240

Eiufufch

4('S.50 i]

53,000

I

11,122

500

3,400;

Tot. wfc. ’S3

101.31s

2.034/30

ICO,01 s

2.727,1! 5

Same nk. ’81

1 'Vi SD()

020,0 so

3,3 ;4,C.74
l,2i*s.2s5
3,471,701

355,300

32',184

12 <,0()4

50

050,471

131,011

2,753
i

Sja«Aug.l—
188;?..

1,271,734
1.112,953

20/021.195

1882
1881

1,352,125

13.62S.3U! 33,530 S52

21,745.927

21,172.275
11,1 ’.O.OTs

13.330.044

1,158,729

2,308,358

11.521,S50
3,70S,s71

800,428

770,250

1,575,329!

1.009,310

The

comparative shipments of flour and grain from the
same pons from Dec. 25. 1882, to Sept. 22, 1883, inclusive, for
four years, show as follows:
1882-83.

1831-82.

1880-81.

1879-80.

bbls.

6.381,181

5,412,005

6,430,845

3,3 =>2,131

bu3h.

31.709.230

39.968.231
86.841,351

4,993,228

38,202,415
52,140,836
26,915,396
2,410,082

2.0 45,074

50.026.337
100,999,7 41
21,293,046
2,252.163

4,118,599

2,052,220

1,531,320

2,009,095

158,962,443

121,822,949

159,217,478

177,472.585

Floor

Wheat

82,278,907
35,772,578

Com...
Cats

Earley
Kye
OEotalgialu

Below

....

the rail

are

1883.

....bbls.

Hour...,

...bush.

Wheat..
Cam

..

Oats

..

Week

1882.
Week

Sept. 22.

Sept. 23.

97,875

140,489

443,907

692,923

60S.413

289,585
564.143
138.717
67,330

1,206,540
19 4.223

JSarley
Bye

1,752,699

2,539,793

Total

27.230.9C2

shipments from Western lake and river

ports for four years:

J 881.

1S80.
Week

"

Week

Sept. 24.
133,240

Sept. 25.
91,703

238,557
1,266,478
785,897

307,725
328,910
1,145,353

179.5 48

96,013

108,413
62,352

2,560,198

1,952,753

•

The rail and lake shipments from same ports
ueeks

for last four

were:

Week
endino—

Flour,
bbls.

Wheat,
bush.

Corn,

Oats,

Barley,

bush..
bush.
bush.
3,257.513 1,350.295 19 4,223
3.187,083 1.842,282 103,454

Rye,
bush

Sept. 22...219,034

1,884,904

Bept. 15...13.3,750
Sept. 8... 180.748
Sept. 1.. .169,752

1,831,693
1,818,080
1,078,109

43,708
14,817

177,963

Tofc..4W-..709.284
4 wits 82..721,879

7,262.780 13.445.980 0,510,591 350.202
9,207,235
4,537,257 5,806,025 297,119

441,451

3,701.558 1,020.000
3,299.190 1,097,943

The receipts of flour and grain
Week ended Sept. 22 follow:




130,723
178,114
573,799

200

220,720

213,472
354.807

972,908

at the seaboard ports for the

150,400

275

15,996

113,013
114,423

3

166,405 1,239,177

978,795

13,480

172,653

1 |Oo7

231.371 3,299.118

156.751

5.187

13,731

4,892

year

Flour.

.

Wheat.

1883.

1882.

1883.

to—

Week,

Week,

Week.

Sept 22.

Bbls.

Un.King.
Contin’nt
S.& C.Am
W. Indies
Brit. Col’s
Oth.c’nt’s

9,963
25,073
17,731
28

106,405

.Corn.

1832.
Week,

Sept. 22.

Sept. 23.

Bbls.
100,916
6.080

We add the

for comparison:

Exports
for week

1883.

1882.

Week,

S,pt. *23.

Week,

Sept 22.

Sept. 23-.

161,128

Bush.
Bush.
73 4.11! 1,309,973

Bush.
733.830

26,023
13,6 48

505,036 1,974,590
14,294

18.453
12 02 4
95

255

200,027
31,097
8,429
2,362

'

Bush.

124,975
8,196
S.180

12,770
2,009
30

231,37 i 1.239,177 3.299,118

By adding this week’s movement, to

our

978.795

15 0,751

previous totals we
September 1, this

have the following statement of exports since
season and last season.
Flour.

Exports since
Sept. 1, to —

15,7-2

107,00 7

1,262

930

.....

1,5 0,110
901,617

Bush.

72,653

500

50,005

1

'

Sara® uk. ’82

18,435
10,179
6,984

15,819

1

421 os 1

....

7,4 oH

1

43,171
119,107

2.335

Bt.I>ouia

205.135

255,578
103,701

35 s:{o

derekrod....

Till?.

Barley.

Bush.
1

The destination of these exports is as below.

Total...

i

l

Bush.
12,517

114,195

corresponding period of last

The movement of breadstuffs to market, is indicated in the

Receipts at—

485,064

Portland.

'

State 6c Canada..

12

Bush.

340,515

47,524

..

Spring No. 2
Red winter, No. 2

Bush.

83,083

.

GRAIN.

Wheat—
Spring,per bush.

Bbls.

Wheat.

18*3.

1882.

I S S3.

18S2.

1883.

1882.

Sept.. 1 to
Sept. 22.

Sept. 1 to
Sept. 23.

Sept. 1 to
Sept. 22.

Sept. 1 to
Sept. 23.

Sept. 1 to
Si pi. 22.

Sept. 1 to

Bbls.

Bbls.

Bush.

Bush.

Bush.

Bush.

*

Of) 7,072

521,15 s

West Indies.

15,221.
35/K> >
60.614

Brit. Col’nies

05,501

5!,! 02

Oth. countr’s

1,272

1,8‘K

552.1 SS

77S.917

Un. Kingdom
Continent.

..

S. &C. Am...

Total.

...

Corn.

1*

Spit. 23.

3.252.507

0,720,361

2/950.817

172,808

73.306
53/(60

2,093,S! 1

0,24.3,474

375

34,2.< 4

329,356
173,408

32,741
42,971

71 ISO

3,565

67,417
5,49 4

34.031

5,350,2SS

13,321

8.551

7,715
1,166

12/(92,20s

4,035,043

291,492

The visible supply ot grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard

ports, and in transit by rail and water, S/pfc. 22, 18S3,
Wheat,
In store at—
New York
Do. afloat (cst.)

Albany
Buffalo
Ohloago
Milwaukee
Duluth

..

Toledo
Detroit
Oswego
8t. Louis
Cincinnati
Boston

Toronto
Montreal

Philadelphia
Peoria

Indianapolis
Kausas City
Baltimore
Down Mississippi.
On rail
On lake
On caual
Tot. Sept.22.’83.
Tot. Sept,. 15, ’33.
Tot. Sopt.23,’82.
Tot. Sept. 24, ’81.
Tot. Sept-25,'80.

The

bush.

6,175,418

Corn,

Gats,

bulsh.
bush.
1,507,825 2,152,174

Barley,

Rye,

bush.

bush.

76,652

350,030
500
568.914

27,000
1,180,774

6,520.913
1,202,009
511.426

2,321,911

1,612,297

26 000

99,200
30.655
46 4,463

5,300
93,030
215,63 2

45,000

5.Sol
200.000

2,242,719

277,125

167,559

26.124

1.586

193,264

187,994

66,354
183,010
792.795

8,762
238.700
331.795

2,'755.806
125,018
516,118
742,624

1,154,090

20.171,613
24,476,349
13,287,951
19,651,311
14,994,632

61,822
148.449
56,603
37,703
105.225
130,044
122.012

500

6.227
47,535

214,200

16,500
27,752
632.125
2 J,000

5,453

25.053
193,681

3 46
1 2.8 30

17,848
1,165

185.53 2
53,355
128,034

26,998
13,071

69,851
99.S71

1.75 4

450
19.465
158.027
120.175

31,525

70
311

24,898

31,893

1,099

61.294

66,900

•

•

•

•

-

-

16.000

26,435

24,493

8.354

23,331
114,9 54

•

881,393 1,820.631
6,323,927
141,401
1,355,009

15.692,061
14.353,793
6,700.533
25,903.683

was as

5,700.016
5,741.026
5,766,702
6.437,203

19,190,803 2,105,270

228,685

-

153,59.8
225,000

010,233 1,697,313
474,099 1,823,223
323.584 760,735
875,021
829,929

816,486

691,837

following statement, prepared by the Bureau of Statis¬
tics, will show the exports of domestic breadstuffs from the
undermentioned customs districts, during the month of August,
18S3, and for the eight months ended the same, as compared
with the corresponding months of the previous year:

^y’p

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THE

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goods trade is however financially sound, owing to the very*
cautious and conservative policy that has been pursued by merchants in all parts of tlie country for a long time past.
Domestic Cotton Goods —The exports of cotton goods for
the wreek were 0,710 packages, including 5,207 to China, 48C to
Great Britain, 349 to United States of Colombia, 128 to Santo
Domingo, 103 to Mexico and smaller shipments to other desti¬
nations.
The main features of the market are unchanged- The
demand at first hands was steady but moderate, and the jobbing
trade,exhibited less animation. Production is still curtailed by
the water famine in wide sections of New E gland, and this has
imparted more steadiness to values of plaid andcolored cottons,
some additional makes of which have slightly advanced.
Print
cloths were in light demand a'nd a fraction lower, say 3 ll-16c.
less }o per cent f<>r 01x64>, and 3 5-ltie, asked for 56x60s. Aside
from indigo-blues—which continued in good request—calicoes
were somewhat quiet, and
ginghams were lightly* dealt in by
package buj*ers, though a fair business was done by jobbers..
Domestic Woolen Goods.—The failure of prominent clothing
houses and cloth jobbers, alluded to above, had a depressing
effect upon the market for meiTs-wear woolens in the early
part o! the week ; but there was subsequently a fair demand
for duplicate parcels of heavy cassimeres, &c., and further
orders for spri :g worsteds, suitings, &c., were placed with
agents representing popular mak^s. Fine cloakiDgs and ladies’
cloths were in steady request, but the lower grades were slug¬
gish. Jersey cloths were a trille less active, though iu fair
demand, and there was a light business in satinets, Kentucky
jeans and repellents. Flannels continued in steady demand
and firm (stocks being in very good shape\ but there was
only
a limited inquiry for bed or horse blankets.
Dress goods, as
all-wool suitings and sackings, cashmeres and fancy worsted
fabrics were moderately active, and a fairly good trade was
done in woolen shawls and carpets at steady prices.
Foreign Dry Goods were in irregular demand, and while a
few specialties were taken with comparative freedom the
general market was rather quiet. Fine dreis silks met with a
good deal of attention and were moved in small lots to a fair
amount, but low grades were sluggish. Trimming velvets con¬
tinued fairly active and steady in pi ice, and fair sales of vel¬
veteens and velvet libbons were reported.
Dress goods and
cloaking were moderately active, but there was only a limited

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importations of dry goods at this port for the week
ending Sept. 27, 1883, and since January 1, and the same facts
for the corresponding periods of 1882, are as follows:
K

pp

*

Included in Hie foregoing totals arc the reports from Milwaukee.
New Haven, Portland and Fa"'mouth, Kichmond, Willamette aiul Yorktown, the details for An^., 1883, bein&’ns follows:
MilwauiVtue
l'urlRichWilla¬
Yorl;Haccn.
mette.
(oim.
land, tfc.
Barley—
Ucc.
Bushels
Value
.$
Indian com—
Bushels..
*27,500
Value
.$
15,4.00
Indian corn meal—
Barrels
Value
$
Oats—
Bushels
Value
.$

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50,-112
24,410

148,235

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72

730

10,750

3,448 109,411

8,538

148,378

53,800

174.71S

135,541

102,018

05,324

36,190
14,018

DRY

172.476
152,570

815,071 1,315,407
606,022 3,240,571

GOODS

565,666
200,118

TRADE.

Friday. P. M.,

Sept. 28, 1883.

dry goods ha3 shown less activity the past
week, and yet a very fair business was done in most of the
wholesale branches of the trade, considering the exceptionally
large movement that has lately taken place. The cotton goods
commission houses have experienced a steady demand (by per¬
sonal selection and through the medium of orders) and a fairly
satisfactory distribution for staple and department goods was
made by leading jobbers. The woolen goods market was some¬
what disturbed for a time by the failure of several wholesale
clothing houses and cloth jobbers, caused by the methods of
doing business and outside enterprises.
The general dry




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THE

352

E. It.

ADRIAN

BOSTON.

AND SATURDAYS.

Bliss, Fabyan 6c Co.,
New York, Boston,

Allen Solly 6c Co.’s

SHIRTINGS

SHEETINGS,

presented

Towel

.

Q,ullts,AVliite Goods Sc Hosiery

Drills, Sheetings, t£c., for Export Trade.

WINTER

HOUSEKEEPERS

AND OCCUPANTS OF OF¬
FICES take notice.
Before buying your carpets,
Linoleum. Oilcloths, or Mattings,call atBE>DA LL’S
Misfit Carpet Store, 114 Fulton St., basement floor.

BUDD,

Cheapest place in New York.

Broadway and Twenty-Fourth St.

are

re¬

Littell’s Living Age.
nearly
forty years,and has met with continuous commen¬
success.
Weekly Magazine, it gives more

than

THREE

AND

QUARTER THOUSAND

A

double-column octavo pages of reading matter year¬
ly. It oresents in an inexpensive form, considering
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