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HUNT'S
MERCHANTS’
MAGAZINE,
lU w 0 jn* p e #,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL
INTERESTS
OF
THE
(Entered, according to act of Congress, In tlie year 1882, by W». B. Baba & Co., in the office of the Librarian
VOL. 35.
THE
How and Why Interest Rates
THE
_
and
Range in Prices at the N. Y.
8tock Exchange
367
THE
Monetary und
Euglish News
Commercial
363
Quotations of State and Rail¬
366
Commercial Epitome
Cotton
! The Financial Situation
361
England’sDiplomaticTrimnph 362
Commercial and Miscellaneous
News
3G5
BANKERS’ GAZETTE.
Money Market, Foreign Ex¬
change, U.S. Securities, State
Bonds
(equal to 18@30
road Bonds
368
New York Local Securities.... 369
Railroad Earnings and Bank
Returns
370
Investments, and State, City
and Corporation Finances..
371
COMMERCIAL TIMES.
375 I Breadstufts
375 | Dry Goods
380
381
%\xt ©Ixrcwiclc.
The Commercial
and
Financial Chronicle is published in
New York every Saturday morning.
(Entered at the Post Office, New York, N. Y., as second-class mail matter. |
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\
WILLIAM B. DANA & CO., Publishers,
J
HOW AND
79 & 81 William Street, NEW YORK.
Post Office Box 958.
WHY INTEREST
RATES ARE
RISING.
The interest rates which have been
ruling of late weeks
show a better market for
money than has existed at any
time since 1874.
We do not mean that Stock
Exchange
loans have been
higher than when the system,of fractions
prevailed
;
we
high, except
mercantile
all know that they have not been nearly so
for a few hours on one day.
But
paper,
the
only true
indication
of
the
general market, sells to day at a greater discount than
is shown
by our record to have existed during the last
^ght
and probably any amount of money could be
(on call ostensibly, as that is the only way it
can be
legally done) at 7 per cent or over, with the best
collaterals, the borrower understanding that the loan is
years ;
put out
now
uot to
be returned in less than six months unless called.
This condition of the market has been taken
by many
as an
evidence that the Kiernan interest law,
passed last
wmter,
is
though operating to the advantage of the broker,
working to the disadvantage of the merchant. Those
who take that
position find their proof in the mere fact
stated above,
that merchants pay more now for accom¬
modation and brokers less than a
year ago.
For instance,
this time last
year while brokers were paying G per cent
and a
commission of
1-32@1-16 per day additional
STATES.
Washington, B. C.)
NO. 901.
cent
annum), the best
selling at 5£@6 per cent.
At
present, money for brokers’ wants is decidedly lower, say
from 7 to 12 per cent, but prime commercial
paper is
quoted at 7 per cent. Such changes coming concurrently
mercantile
CHRONICLE.
are Rising
357
Pennsylvania Traffic and Earn¬
ings..,
358
Union Paeiflo and its Char¬
tered Rights
;
3G0
WILLIAM B. DANA.
JOHN 0. FLOYD.
of Congress,
SATURDAY, SEPTEMBER 30, 1882.
CONTENTS.
and Railroad
Stocks
UNITED
paper
per
per
was
with the first trial of the
new
interest law have led
some
to
put the connection of cause and effect between the statute
passed and the changes in the condition of money, and to
question therefore whether the law itself was not of doubt¬
ful
utility
perhaps
even harmful in its
That this however is a very superficial
operation.
view of the sub¬
ject is evident in many ways. In the first place commer¬
cial paper was salable at
any discount last fall (before the
passage of the act) the same as now, and the current
quotations at times showed that it ruled then, as now, at
a discount in excess of the
legal rate of interest. Further¬
more, brokers are not borrowing any more than a year
ago, and probably not so much ; besides even if they
were, the fact that they had to pay old prices for it could
not lessen the discount on mercantile
paper, or affect it one
way or the other.
Then, again, a moment’s thought shows
how impossible it is—even without the
help of facts and
circumstances which most positively disprove the
assump¬
tion—that emancipating money, at a commercial centre
where capital is secure and is free to flow in and
out, should enhance rates. It can and will lower the
rate, as it is admitted it has done in the case of brokers ;
but how can it have the
opposite effect ? It is not long
since one heard on every side the
argument that
steam and the
telegraph had put us so near London that
the rates of interest would be
equalized hereafter. And,
surely, if there is any force in that idea, the law which
in substance simply allows
capital to earn what it is worth
cannot but help to that end.
The question then recurs,
why are rates of interest
higher than a year ago ? We shall not have to seek far
for the explanation, for there is nothing
strange or un¬
usual in the situation.
What should make rates high if
not a decreased supply of money and an increased demand
for it?
We do not mean that there has been
any loss in
the active currency, taking paper and gold
together, for
there has not been.
But* paper is not money.
We have
lost during the year about 29 millions of
gold besides
having hoarded other amounts, as we showed in our issue
of the 2d of September.
To be sure, this loss, so far as
active currency is concerned, has, as stated, been made
good through the issues of silver certificates, bank notes,
etc., but enlarged currency issues only aggravate the evil
by disturbing prices.
Yet
a
or
still
rates is the
more
active
cause
for these enhanced interest
absorption of capital which is in progress and
[Vol. XXXV.
CHRONICLE
THE
35 3
especially rapid during the last eight
months.
We need only refer for illustration to the lead¬
ing direction in which our surplus earnings have been
flowing, and that is into railroad building. Even this
which has been
already constructed about 8,000 miles
thousand dollars per mile (an under¬
estimate of the cost) would give 200 millions ;—that being
the amount of floating capital that has been turned into
fixed capital through railroad construction alone during
the months of this year.
And this movement did not
begin with 1882 ; the above total is to be added to the
cost of about 18,000 miles built during the previous two
years.
At the same time also all our industries have been
year we have
of road which at 25
the~higher
that under the attraction of
The above shows
prevailing, our banks have received gold and cur¬
rency to the amount of nearly 2£ million dollars the past
month in excess of the amount received in September, 1881
This is a perfectly natural movement, and there are not
wanting indications that the same influences may possibly
act upon Europe, and before long give us a supply from
rates
that
Still, the present tendency towards such a
quarter.
London may be counteracted by a further
substantial rise in the rate of the Bank of England. Hoymovement from
be, enough has been said to show the
advantages this new interest law gives us in attracting
capital to this centre. Furthermore, we have also seen
that the rise in rates is not a spasm, but a change in the
conditions of the country and of the loan market.
ever
that
may
expanding and absorbing new capital.
We are not arguing that the country by reason of the
circumstances stated has reached or is approaching an
unsafe or dangerous condition.
That is a very different PENNSYLVANIA TRAFFIC AND EARNINGS.
Present earnings of the Pennsylvania Railroad make a
■question and is not within our present inquiry. We have
use for these facts now only so far as they throw light upon
striking contrast to those of a few months ago. During
the discussion as to the enhanced value of capital, and the first four months of the year the net earnings on the
they tell us plainly and forcibly that higher rates for the lines east of Pittsburg and Erie recorded a decrease every
month, the aggregate decrease for the period being no
-use of capital are reasonable now and that they must be
anticipated in the future at every time of commercial less than $931,001. Now for four months we have l^ad
activity. In confirmation of the latter statement we find an increase, the latest (that for August) being exceedingly
that this situation has not come upon us suddenly ; it has large—amounting to $588,350; so that the decrease of
been of slow but constant growth—approaching steadily the first third of the year has been almost entirely made
development. To indi¬
cate how gradual but positive its advance has been, we
have prepared the following, showing the rates of discount
for prime commercial paper at New York during Septem¬
during the years
ber of each
of our industrial
of the last five years.
Prime Commercial Paper.
Kates for
Week ending—
Sept.
<<
“
hi
4
'do
,4
'do
Oh
4
do
'dO)h
4
'a
4
dol4
G
dOhl
5
'a,
6
5
'a) 5
15
G
'a)Q,'‘a
5
<£
G
5
dbh
o.>
G
'w7
5 hi dO
5
dbh
*5
'a)
*5
7
21)
a)
G *4 ®
month..
-
6%
1 BTli were
*Tlio rates in
bhdO
5
'dohi
5*4 ft 6
5
'a)
b hi
and wild
all commodities, the
figures show that
when for the reasons
G
exceptional, due to the peculiar
speculation that fall, which infected all classes and
result of the exhilaration felt after the resumption of
following the long previous depression.
The above
1878.
*5L3®G
''5 dGhl
8
Average
■
1879.
1880.
1881.
1882.
good in the second third, leaving the net earnings for the
eight months but $62,554 behind those of the correspond¬
ing time in 1 SSL
,
The large gain in August is certainly surprising. It
was supposed that there would be some gain, but the mag¬
Over
nitude of
the increase exceeds expectations.
$850,000 increase in gross and pretty nearly $600,000 in
net, all in one month, shows a marvellous growth in
business, and at the same time demonstrates the capacity
specie payments,
with the exception of 1879,
stated in the foot-note the rates were
phenomenal, the advance has
been constant and directly
with what might bo anticipated from the
facts we have narrated.
They prove, also, very plainly
that the new interest law has no more to do with the rise
in accordance
quotations this year than it did have with
previous year, which was before its passage..
in
There
which indicates
Capital
lief.
that of the
exist¬
beneficial working of this Kiernan statute
is, however, one
ing of the
Pennsylvania for heavy earnings
under fairly favorable traffic conditions. We need scarcely
say that the traffic conditions this year—at least as far as
relates to the movement of the crops, upon which so
much stress is laid—were no more than “ fairly” favorable.
Winter wheat came forward in much larger quantities
than in the previous August, and oats also showed a
larger movement; but all this was not sufficient to offset
the loss in corn.
The great point in favor of the present
year was the maintenance of rates.
Last year in August
the war raged fiercely. While bearing this in mind, how¬
of trunk lines
piece of evidence already
that it may possibly
at this centre.
legally secure whatever it is worth
Consequently the high rates now ruling
though, only from
Canada and domestic sources. The interior movement of
currency and gold to and from New York, which we give
in our “ Financial Situation " each week, made up from
bank returns procured by us .every Friday, shows this
fact. Last week there was a large arrival from Canada,
notwithstanding rates are high there and that this is their
active season; and for September the arrivals from
all sources have been as follows this year and last.
here are
drawing it hither ; as yet,
UR'KIITS or
CURRENCY AND GOLD 12Y
Week ending—
September 30
“
44
Total
03
16
9....-
this year
it must not be imagined that the increase
merely represents a corresponding decrease last
leaving earnings the same as in 1880. That
erroneous idea, for as compared with 1880 the net
ever,
year,
would be an
NEW YORK HANKS.
1882.
1881.
for each
year
of the last four years.-
PENNSYLVANIA RAILROAD
Gross
earnings
Operating expenses
c
earnings
Per cent of expenses to
earnings
Net
Jan. 1 to Aug.
Gross earnings
31.
886,000
$490,500
499,600
750,000
230,000
$4,306,000
$1,970,100
900,000
Net earnings
Per cent of expenses
earaiivgs
1881.
$
1880.
1879.
$
$
$
4,671,179
2,038,319
3,809,978
2,303,474
3,723,355 2,982,718
2,108,875 1,725,720
2,032,800
1,141,501
1,554,480 1,256,90S
56-48
02*09
58-25
31,471,170 29,144,235 20,607,070
19,001,101 17,211,000 15,055,070
11,870,075 11,932,029 10,951,394
to
i
02-28
59-00
58-84
57’86
21,179,682
13,077,21a
8,102,467
61*74
compared with 1880 there is
gain oI pretty nearly half a million dollars in
We thus see
a
Lines).
EARNINGS (Eastern
1882.
A a gust.
Operating expenses
$1,505,000
1,015,000
earn¬
showed a comparatively small decrease
(about $110,000), while the gross earnings actually exhib¬
ited a small increase.
To bring out this fact we have
prepared the following table, showing the gross and net
earnings for August, and the eight months to August 31,
result in positive re¬ ings last
can now
like the
that even as
net m
THE
1882.]
September 30,
August this year,
CHRONICLE.
while the increase in gross earnings is
million. These heavy gains on 1880 are all
the more remarkable that 1880 had shown such decided
improvement over 1879. If we compare with the latter
year, we find an augmentation of almost $1,700,000 in
gross and $800,000 in net. This is equivalent to an
increase of 57 per cent in gross earnings and 62,per cent
in net earnings in the short space of three years.
The
total gross for August this year ($4,671,179) is unmatched
in the history of the company.
It is fully half a million
close on to a
above
monthly total previously recorded.
totals of 4 millions are of comparatively
the largest
Indeed, even
The net earnings, too,
think, unprec¬
edented ; certainly they are without parallel in the period
over which our record extends—five years.
The total for
the month is above 2 millions, or but about $120,000 below
the earnings of January and February taken together.
These figures, to us, indicate a great expansion in all
the industries along the company’s lines, a large increase
in west-bound freight, and a decided growth in general
and miscellaneous traffic, for there is nothing in the move¬
ment of the crops nor in the rates of transportation (ex¬
cepting in this latter particular last year, of course,) that
would account for them.
Take, for instance, the grain
movement.
We have already alluded to the heavier
movement of wheat and oats this year as compared with
last, but it does not follow from this that the movement
was also heavier than in 1880.
On the contrary, it appears
to have been smaller.
At the eight principal ports of the
West the receipts of wheat for the four weeks ended
August 26 were 9,792,749 bushels in 18S2, against 7.222,703 bushels in 1881, a gain on last year of 2,570,046
bushels; in 1880, however, the receipts were 11,065,972
bushels, so that there is a decrease, and not an increase,
as between
1882 and 1880.
Of oats, too, the receipts
were
heavier in 18S0 than in 1881, so that 1882
recent date.
are, we
,
exhibits
1881.
smaller
a
The
increase
figures
over
1S80
than
over
rates
36!>
the crop
movements have brought about the
large increase in railroad business over 1879 and 1880,
but that it is due to an augmented volume of local and
general traffic; and this is one of the most promising
nor
features in the situation.
For the
eight months of the
favorable
so
an
exhibit
the decrease in net
amounts
on
as
year we have not of course
for August.
As said above,,
the lines east of
Pittsburg and Erie
to
only $62,554, against $931,000 on the 1st
May. But the IS81 figures were a million above those
of 1880, which in turn were 2J millions above 1879, so
that the present net earnings are over $900,000 larger
than in the former year and
3| millions larger than in
1879, and are heavier than in any other year except 1881.
On the lines west of Pittsburg and Erie, which have a
much smaller proportion of local traffic and are more
largely dependent upon through traffic—and therefore upon
the crop movement and the maintenance of rates—the result
is less satisfactory than on the eastern lines.
For August
the showing is pretty good, all things considering,, the
surplus being reported at $290,562, against $295,799 in
1881, a loss of only $5,000 ; but for the eight months the
loss is heavy, indeed, there being a surplus above all
liabilities of only $506,252, against $2,054,670 in 18S1, a
decrease of over a million and a half,
Compared with
1880 the exhibit is scarcely less unfavorable, for then thesurplus was $1,874,547 ; but compared with 1879 there is
quite an improvement, since then there was a deficit of
$236,000 on the eight months’ operations, wrhile now we*
have a surplus of half a million.
We give below the
figures on these lines for August and the eight months, in
the last four years. It will be observed that the surplus for
August this year is larger than in any other year except
now
of
1881.
SURPLUS OVER LIABILITIES ON WESTERN LINES.
1*82.
Jan. 1 to
1881.
1S80.
1870.
$215,690 $1,758,871 $1,057,036 Deficit. .$422,758
216,611 Surplus. 185,004
200,562
205,700
July 31
August
5,413,997.
in
bushels
1882, 3,183,889 bushels in 1881, and 3,846,451 in 1880.
Of corn, on the other hand, the receipts in 1880 were
smaller than in 1881, so that the falling off the present
year is not as great when compared with 1880 as it is when
compared with 1881. Nevertheless, the contraction in the
movement is very decided even from 1S80.
The receipts
in that year were 15,470,525 bushels and in 1881 were
17,400,9S7 bushels, but in the corresponding four weeks of
August this year they were only 5,218,635 bushels. Taking
now all kinds of
grain together, we get a total of 31,208,624 bushels for 1880, 28,360,931 bushels for
1881, and
20,741,891 bushels in 1882. The decrease here shown is
reflected in the rail shipments east from
Chicago. For
August, 1882, these shipments (including not only grain,
but also flour and
provisions), according to the Railroad
Gazette, were only 131,875 tons, against 169,314 in Au¬
gust, 1880. In August, 1S81, the shipments were very
heavy—260,608 tons—but this was due in great degree
to the railroad
war, which diverted shipments from the
separately reported, the relation
to the
Pennsylvania Railroad
(comprising the eastern lines) is, as is known,,very intimate,
and their prosperity is an important factor in the yearly
results of the company’s operations.
Any deficit has of
course to be made good
by the Pennsylvania Railroad,
while a surplus tends to swell its net receipts.
Last
year, for instance, the profit on these Western lines went
to the Pennsylvania Railroad in the shape of a 5 per cent
dividend upon the 20 millions of Pennsylvania Company
stock, all held by it. On the other hand, in IS79 and pre¬
vious years these lines made a heavy draft upon the net
earnings of the Pennsylvania Railroad. The figures for
the present year, thus far, show that even if the Western
lines do not contribute to the Pennsylvania’s net income,
at least they will not be a burden to the company, for
there is already a surplus of over $500,000.
Whether, in the remaining four months of the year,
canals.
the
We thus
#
that the
are
large gain in earnings over the
August, 1880, is not to be ascribed to a fuller
crop movement. Nor is it, as said, to be ascribed 'to
better rates received. Of
course, as compared with last
year, when grain was carried from Chicago to New York
at 10@l2c.
per 100 lbs., the present rate of 25c. is a great
improvement, but when we go back to 18S0 we find a
Tate of 30c.
(or 20 per cent higher than now), which also
was the rate
prevailing in the latter part of August, 1879,
though in the early part of that month the figure was the
same as in the
present year. It is thus clear that neither
month of
see
Jpn. 1 to
■
$506,252 $2,054,070 $1,874,547 Deficit..$236,854
Aug. 31
While the accounts
of these
loss
Western
these
are
lines
Western lines
(as compared with
18S1) can be overcome, would seem, notwithstanding the
good business outlook, exceedingly problematical. The
gain would have to amount to almost $400,000 monthly,
and that is a pretty big sum for the Western lines to add
to their earnings.
But if the Pennsylvania' Railroad
should
on
suffer
a
diminution
of its net
income
on
this-
account, there is at least the prospect that on the lines
directly operated by it east of Pittsburg and Erie, it will
have an increase, greater or less in amount, as part, if not
entire, offset. Its large and increasing local traffic, the fijze
of the crops, now assured, the maintenance of rates, the-
THE
360
CHRONICLE.
industry, with the collapse of the strikes
in the raining regions, the enlarged coal production and
.the growth of general business, ought to make the road
show large gains over 1881 in the remaining months of
3. A first
revival of the iron
[Vol. an,
suggestion with reference to the above quota¬
cited can apply to the present
tion is whether the clause
Union
Pacific
road, inasmuch as no such corporation
a totally new organization called
the
Union Pacific Railway, but the old Railroad
the year.
Company has
been defunct for more than two years.
Early in 1880
UNION PACIFIC AND US CHARTERED
(January 24) the Union Pacific Railroad Company, the
RIGHTS.
Kansas Pacific Railroad Company, and the Denver & PaWe have received the following communication in relation cific Railroad and Telegraph Company were consolidated
to the matters referred to by us September 16, in our arti¬ under the name of the Union Pacific
Railway Company,
cle suggested by the late purchase of the Hannibal & St., and stock of the new company issued in
exchange for the
of
the
stock
old
Joseph Railroad. The point our correspondent raises as
companies, not excepting that of the Union
to the want of authority in the Union Pacific to make Pacific Railroad
Company. The point we make, there¬
the combination proposed, is one we did not touch upon. fore, is not simply that there1 has been a
change in one
To the Editor Commercial and Financial Chronicle.
portion of the name or title of the Union Pacific, but that
I have read your elaborate article in your issue two weeks since on
the Old organization does not exist.
A wholly new con¬
the possible relation of the Hannibal & St. Joseph RR. to the Union
Pacific, and as well the possible relation of the Union Tactile to the cern was perfected by the companies specified, and in the
Chicago Burlington & Quiuey and other roads in Illinois and Iowa.
manner the original grants by Congress seem to have author¬
I think much uncertainty about the future conduct and plans of the
Union Pacific would lie removed if you would reflect that tho Union
ized, those grants further authorizing the adoption of such
Pacitto is a company chartered by Congress for a very speciflo purpose,
corporate name and style as they (the original companies)
and limited by very specific conditions. True, its powers have already
exists
now.
There is
“
been exceeded in many ways, but conflicting interests may induce such
aotion before Congress as may compel tho law officers of the Govorn-
meut,
to
as
well
as
the Government Directors of the Union Pacific Railroad,
fully perform their duties, and see whether the laws are being
disregarded.
approved July 1st, 1862, and July 2d, 1864, outlined the
powers of the company, and the act approved March 3d, 1873, still
further circumscribed its real authority. I think there is no danger that
the Hannibal & St. Joseph will bo anymore oloaoly allied to Union
more
obeyed
or
The act
might agree upon” (see Act of
of which we quote below).
The
1864, Section 16,
promoters had the
a part
power
then, and, had
they chosen, might have called the new
organization the Kansas Pacific or any other name they
desired.
pose of extending or controlling an independent line to Chicago without
assent of Congress, for tho charter is limited between Missouri River
Furthermore, the act of 1864 expressly states in the
be the rights, powers and restric¬
tions, &c., of the new consolidated company. That is to
say, it confines the restrictions wholly to those specified and
contained in the act of 1862 and amendments thereto, and
to those which either original company was subject to “un¬
der this (that) act”—that is, under the act of 1862 and
and
1864 and amendments. The clause in the law of 1873 which
Pacific than at present, nor is it likely that the Union Pacific will make
any alliance that will divert traffic or earnings from tho company’s
present main lines, as the interest of tho Government would be so
directly affected in regard to the sinking fund that Congress would cer¬
tainly put a stop to that.
The Union Pacific cannot
Ogden; neither
can
come
cast of the
Missouri River for pur¬
tho company issuo stock, bonds or other secur¬
ities to pay for au interest in Hannibal & St. Joseph stock, or any other
branch line, without flying in the face of the positive prohibition of the
fourth section of tho Legislative, Executive and Judioial Appropriation
Bill approved Maroh 3d, 1873.
Investigator.
We Have not tiie space
to-day to enter at any length
upon the discussion of tho matters suggested by the above,
but will endeavor briefly to cover the more important fea¬
tures in the discussion which our correspondent raises.
1. The intention of our article of September 16 was sim¬
ply to show that the amalgamation of Hannibal & St.
Joseph with the Union Pacific was not, from a revenue
standpoint, a wise business venture. Our conclusion was
based upon the fact that the route to Chicago from the
Union Pacific lines would be long and roundabout, and
hence in poor position to compete for through traffic,
-
little in the state of local traffic that would
while there
was
warrant
extension
an
that account alone of the Hanni¬
on
bal & St.
4.
16th section what shall
correspondent refers to, and which we have cited, is
part of or an amendment to the Pacific Railway
grants of 1862 and 1864, but simply an extract from an
appropriation bill and nothing more. Hence, so far as we
can see, it
has no application to the new company. In
fact it would seem to us very questionable whether a clause
of such an indefinite nature thrust into an appropriation
bill without any reference in the title to the subject mat¬
ter, is sufficiently explicit to take away even from the old
company any rights granted under the original charter.
But it is not necessary to discuss that point.
5. Finally, consolidation between the Union Pacific and
the Hannibal & St. Joseph companies seems to be clearly
authorized by the charter, provision having been specifically
made for it in the acts authorizing the Pacific roads.
Section 16 of the incorporating act of 1862 says.
our
not
a
Joseph from the Mississippi river to Chicago.
And be it further enacted, that at any time after the passage of this
correspondent goes one step further and insists act all of the railroad companies named herein and assenting hereto, or
that there are insuperable legal obstacles m the way of such any two or more of them, are authorized to form themselves into one
consolidated company.”
a union, and bases his assertion on a clause in an appro¬
This is reiterated at greater length and with much par¬
priation bill passed by Congress March 3, 1873. That
clause is contained in Section 4 of the act of that date; ticularity in the act of 1864, section 16 of which reads as
“
2.
Our
and reads
“
as
follows.
follows.
The books, records,
correspondence, and all other doouments of the
Union Pacific Railroad Company, shall at all times be open to inspec¬
tion by tho Secretary of the Treasury, or gnoh porsons ns ho may
No dividend shall hereafter be made by
said company but from tho actual net earnings thereof; and no new
stock shall be issued, or mortgages or plalgcs made on the properly or
future earnings of the company, without leave of Oongre^s, except for
the purpose of funding and securing debt novr existing, or tho renewals
thereof. * * Any director or officer who shall pay or declare or aid
in paying or declaring any dividend, or oreating any mortgage or
pledge prohibited by this aofc, shall bo punished by imprisonment not
exceeding two years, aud by fine not exoeeding five thousand dollars.”
delegate for that pnrposo.
This
*
*
provision, “Investigator ” claims, is a positive pro¬
hibition against all further issues of stock or bonds, and
therefore, he concludes, against any arrangement which
might connect the Hannibal & St. Joseph with tho Union
Pacific system.
t(And be it further enacted, that any two or more of tho companies
authorized to participate in the benefits of this act, are hereby author¬
unite and consolidate tlieir organizations, as tho
shall be, upon such terms and conditions, and in such man¬
ner as they may agroe upon, and as shall not be incompatible with this
act, or the laws of the State or States in which the road of such compa¬
nies may be, and to assume aud adopt such corporate name and stylo
as they may agree upon, with a capital stock not to exceed the actual
cost of tho roads so to be consolidated, and shall file a copy of such con¬
solidation in the Department of tho Interior.” * * *
ized at any time to
samo
It
may or
wras
under these
provisions of law that the Kansas
amalgamated in 1880.
sought to bo imposed upon the Union
Pacific vrere enacted seven years before—in 1873 ; yet
they did not interfere with the consolidation and the
assumption by tbe new company of additional indebtedPacific
and Union
The limitations
Pacific
were
Fbptember
THE
80, 1883. J
CHRONICLE.
and the issuance of new stock. Now if the combina¬
tion with the Kansas Pacific was possible—and we do not
understand that it is claimed to be illegal—why could not
361
week
dropped to 4 from 5 per cent, it may be that Lon¬
keep itself supplied and force any drain of gold
to this country to fall upon the Continent.
Perhaps in
view
of
these
and
conditions
of
this
possibility,
the Bank
the Hannibal & St. Joseph and the Union Pacific combine
in the same way ?
At first thought it may be sup¬ directors are less anxious about the situation. Bat if the
posed that the former company does not come current should at any time change, and the Bank of
within the provisions
of the law bearing upon England lose either by shipment to America or else¬
the Pacific companies, since it is not what is usually where more than it receives, we cannot see that it can
But the Hannibal & St. do otherwise than further advance the rate.
termed a Pacific road.
It seems possible, however, that a condition may arise
Joseph is mentioned by name—and more than once, too —
in the incorporating act of the Pacific roads.
It appears in which will put it beyond the control of the Bank man¬
section 10, and section 13 is entirely given up to it. Thus agers to check the movement of gold to this side. A
the line is embraced within the authorization conferred speculative demand for our securities is easily discouraged
by section 16 of the act of 1862, quoted above, providing by high rates of money, but not so an investment demand
based upon very large earnings, assisted by higher rates
for the consolidation of all railroad companies “ named
“herein,” and it also comes within the meaning of the of interest here. A feature of the movement hitherto is
amending act of 1864 which provides for the consolidation that the European demand has fallen mainly on our better
of “ companies authorized to participate in the benefits ” class of properties, in which the speculative element is very
of the act, “ as the same may or shall be ” at the time of slight. It will be seen by the following that the prices of such
securities have been relatively higher during the week at
the proposed amalgamation.
We are sorry to be compelled to notice these points so London than in New York, showing a good profit on
briefly to-day, as they seem to be interesting and perhaps cable transactions. As our market has fallen London has
indicate what are the designs respecting the Hannibal & followed, but still the relative differences in values have
continued.
St. Joseph.
ness
TIIE FINAN CIA L SITUA TIOK
This week has
been'prolific of
can
'
with regard to
unfavorable weather in the West, but nothing positive has
transpired to change the views respecting crop prospects
expressed by us last week. Money, however, has a por¬
tion of the time been very active, with high rates ruling ;
but the action of the Treasury relieved the situation in
that particular. On the other hand, as a favorable feature,
business continues good for the season, and what is of
equal or of more impoitance perhaps, exchange is falling
very decidedly.
This latter circumstance and its
don
Sept. 25.
Lond'n
rumors
N.Y.
Sept. 26.
Lond'n
N.Y.
prices* prices. prices.* prices.
Sept 27.
.
Lond'n
N.Y.
Sept. 28.
Lond'n
U.S.4s,c.
no-07
no^
118-94
ii m
11804
100-61
10056
100 48
100 24
4330
43**
1003^
14034
134 J4
100-/6
42 M
100-73
100
100-73
140 58
1303-6
1333-6
14083
14036
134 504
134
13T354
63)6
31-78!
64
31 '381
2d
con.
100-13
Ill. Cent.
141 56
N. Y. C..
136 02
Reading
82-301
65
42-00
136 18
32 031-
Lond'n
N.Y.
prices* prices. prices.* prices. prices.* prices.
U.S.31^3
Erie
N.Y.
Styt. 20.
4200
11036
10056
42->6
118-04
110-M
118-58
1(0-24
100->6
4236
100-28
10073
ICO
100-52
140-58
136 36
14085
42-78
4270
133)6 133714
6256
31-471
11036
10036
42)6
9036
13936
13336
6236
Bxch’^e,
cables.
*
+
4-80
4-80
4-80
4-80
4-88
Expressed in their New York equivalent.
Reading on basis of $50. par value.
4 Fx-dividend.
indicated last
Money was manipulated on Monday and Tuesday for
prices of our stocks at London the purpose of influencing stocks and also, it is said, in
showed then what was to be expected, and this week there order to induce the Secretary of the Treasury to
modify
has been on the market a large supplv of bills drawn his order for the call for bonds so as to relieve the market.
against securities bought for European account. These Last Saturday the Department issued a call for 25 millions
and the bills against the Panama loan, produced their nat¬ of extended 5 per cent bonds, redeemable December 23d.
ural effect, that is a decline in the rates of exchange of one It was then
confidently expected that an order would be
cent on
Thursday and a dull and declining market since. piomptly made directing the redemption of these bonds
This downward movement is significant, for it is the result without rebate of interest, but when it was seen on Mon¬
of a revival abroad of confidence in affairs generally,
and es¬ day that the Treasury had only ordered the redemption
pecially in some of our securities. The question as to the per¬ with interest to the date of presentation the manipulation
manency of the feeling and the continuance of the demand, of the money market commenced. The early rate was 7
would seem to depend upon the future course of the per cent.
From this there was a rapid advance to 15,
managers of the Bank of England. The earnings of our then a leap to 22, and from that figure to £ of 1 per cent
railroads are sure to be large and to steadily increase for commission and interest, the equivalent of 51 per cent
some months to
come, and that cannot fail to inspire con¬ per annum.
That this was purely the result of manipula¬
fidence in Europe in these securities and to stimulate free tion is shown by the fact that while money was being bid
purchases, with the result of gold shipments to this side, up at the Stock Exchange, banks and bankers making a
unless the Bank of England shows a disposition to raise its specialty of
loaning money were charging not more than
rate until the movement is checked.
7@9 per cent. On Tuesday morning the opening price
That the Bank of England will, in the contingency at the Board was 12 to 15 per cent, then came an advance
mentioned, raise its rate several points higher than it is to 1-16 of 1 per cent commission and interest, followed by a
uow is the
general belief among bankers here, and for 15 and then a 20 per cent rate.
the reason we have often mentioned, that the Bank reserve
The Secretary of the Treasury had a conference about
is so low that it
cannot afford to lose gold.
In fact, on noon with prominent bankers, and shortly after, issued an
Wednesday some of our foreign, houses were quite confi¬ order directing the Assistant Treasurer to redeem without
dent that the Bank rate would advance then, not because rebate 5 millions
weekly of the bonds embraced in the
money in the open market there was any dearer, but be¬ 116tli and 117th calls. The effect of this order was marked.
cause of the reason stated.
Still there was no advance, The rate for money at the Stock Exchange fell at onco
for the 5
per cent rate appears to be gradually drawing to 3 per cent, and it closed at 5 to 6.
Since then the
gold from the Continent; besides, as the Bank of Prance range has been from 9 to 4 per cent, notwithstanding the fact
has a very
large supply and as it continues to keep its rate that'the disbursements by the Treasury for bonds amounted
of interest.
down, and as the Bank of Belgium ha3 this to only $2,475,050 on Wednesday, $837,550 on Thursday,
week.
<-■
The relative
cause we
THE
362
CHRONICLE.
and $147,700 on Friday. The action of the Secretary was
so decided and accompanied by the
unofficial declaration
[ rOL. XXXV.
raid upon Louisville & Nashville and Central
Jersey.
Yesterday the market was weak along
almost the
entire list,
with a further decline in
prices.
Rumor explains these irregularities with the
claim that one of the leading operators is not-quite ready
for an upward movement,’ he being engaged in perfecting
certain combinations, but of what nature does not appear
The Bank of England reports a gain of £245,000 bullion during the week, and a further increase on balance of
£63,000 on Thursday and of £102,000 yesterday. The
return of the Bank of France shows a loss of 5,775,000
by
a
New
market was not relieved by the redemp¬
tion of bonds some more effective measure would be
adopted, that the attempt to manipulate money was not
renewed, and it is not probable that it will be for the
present at least. The called bonds are coming in very
slowly, mainly for the reason that they are so widely
scattered, some even being in Europe.
The 117th
call is the first
that
has
been made for the
extended 5s, and of the $216,750,050 owned by the
francs gold and of 500,OOO francs silver..
The Bank of
banks, about 17 5 millions have been converted into the
new 3s, leaving the
remainder of the bonds in the hands Germany since the last report has gained 7,520,000
The following will indicate the amount of bullion
of the public.
For this reason it is possible that the marks.
in each of the principal European banks this week and
redemptions under the recent order may dwindle to com¬
at the corresponding date last year.
paratively insignificant amounts by the end of next week;
and after the October interest comes out, it may be neces¬
Sept. 29, 1881.
Sept. 28, 1882.
sary for the Secretary to resort to some other method for
Gold.
Silver.
Gold.
Silver.
that if the money
-
preventing accumulations in the Treasury. The Treasury
operations for the week have resulted in a 'loss, which is a
gain to the banks, of $34,809.
The following shows
the interior movement, including Treasury transfers.
Receipts at and Shipments from
Shipped.
England
Bank of France
Bank of Germany
$1,378,000
$1,730,000
1*27,000
30,000
N. F.
■Currency
Gold
1,700,000
transfers
'Treasury
$3,406,000
$1,505,000
Total
probably again very nearly
following will indi¬
cate the character of this week's return, which, however,
will be on rising averages, because of the late payments
by the Sub-Treasury.
The bank return of last week
reflected the actual condition, and the
Total
previous week
The above
"
Net Loss.
$31,800
Consisting of—
Duties.
Date.
Gold.
“
23
1,505.000:
Inti rior movement
1
Total
*
$1,530,800
count of
25..
“
3,106,000
20
“
27....
j 1o
$1,920,101
“
Ov
Gain.
-
...
28....
Total...
The Bank of America paid
■
...
*$31,800
1,961,000
$
the associated banks
out
$1,800,000 gold
the Bank
gives no
Assay Office paid through the • Sub-Treasury
$58,439 for domestic bullion, and the Assistant Treas¬
urer received the following from the Custom Rouse.
“
Sub-Treasury operations, net...
gold and silver division of the stockof coin of
estimate, as the Bank itself
The
Sept. 22....
Into Ran/:s. Onto/ Banks
;
68,497.940 65,911,776 53,856,430 68,525,039
68.312.178 65,946,238 54,329,230 69,638,949
Germany is merely popular
information on that point.
of
£
23,069,226
30.749,996 45,616,026 24,347,460 49,205,789
6,439,750 19.319,250
G,765,250 20.295,750
21,982,694
Total this week
Received.
£
£
£
Bank of
U. S.
Silver
Silver
Xotes.
Dollars.
Certificates.
$329,000
$
$516,421 01
$163,000
$23,000
381,49 4 58
160,000
17,000
229,000
13.000
1,000
73
269,000
31,000
......
82
73
166,000
17,000
215,000
18,000
557,507
752,609
442,018
5IS,949
59
$3,169,001 46
$1,202,000 $12 4,000
205,000
1,000
$2,000
310,000
453,000
258,000
236,000
$1,811,000
on ac.
during the week, and received
$250,000 in return.
ENGLAND'S
DIPLOMATIC TRIUMPH.
By the time this falls into the hands of our readers, the
week by the activity in money and by those wrho have triumphant army under Sir Garnet Wolseley will have
their splendid demonstration in presence of the
been manipulating money for that purpose.
On Saturday made
The British soldiers in Egypt have
last the call for bonds influenced prices favorably, and on inhabitants of Cairo.
The
stock
market
has been mainly
controlled this
a
perfect right to rejoice and be glad; for they have done
Monday morning the market was strong until money was
But the victory
made active, when it was sharply depressed, and it did a good work and won a brilliant victory.
in the field should not let us lose sight of the not less
not recover until Tuesday afternoon, when the announcement
brilliant, and in its ultimate consequences more far-reach¬
■came that the Secretary of the Treasury wrould redeem the
called bonds without rebate. On Wednesday, notwithstand¬ ing, victory which has been won at the same time by
ing comparatively easy money, the market did not respond, diplomacy.
There was a period—a brief period, during the ascend¬
irregular until the afternoon, when it be¬
came unsettled
by a sharp decline in Michigan Central, ency of M. Gambetta—when it seemed as if the Egyptian
caused by the passing of the dividend and by a rapid fall difficulty would divide Europe into two hostile camps, and
in Oregon Trans-Continental, induced by an unfounded that France and England would find themselves opposed
report that the directors had taken no action regarding by the so-called Eastern League, with Italy as an ally. It
Happily, however, the danger
the dividend on that stock. The Northern Pacifies sympa¬ was an ominous situation.
thized with the drop in Oregon Trans-Continental, and was averted, and. from the moment that England showed
her willingness, and even determination in a certain possi¬
speculators for a decline took advantage of the unsettled
condition of the market to raid other stocks.
Some disap¬ ble emergency, to act alone, or with the limited and quali¬
fied assistance of Turkey, the opposition ceased.
It is
pointment was also felt because so few bonds had been
sent in for redemption, and doubtless the rise in the impossible, however, not to admire the way in which this
was brought about.
England’s willingness to undertake
Chicago grain markets, resulting from unfavorable reports
the task of restoring order in Egypt was liable to create
regarding corn, aided in depressing stocks.
The traditional sentiment of England
The movements on Thursday were believed to be more suspicion.
directly caused by manipulation, for while money was ing Egypt was well known at St. Petersburg, at Vienna
and at Berlin.
So the jealous Powers were invited to
easy, stocks fell off, and it was not until the last hour of
This simple invitation seems at once to have
business that there was any decided improvement; but co-operate.
converted opposition into encouragement, almost sohcita*
even then the temper of the market was suddenly changed
and
it
was
__
regard¬
g KPT EMBER
jjjj]
Why should
men and money in
was willing to do
kind ?
This was a
1
settlement, which promises to be speedy,- satisfactory and1
enduring.
It is impossible to reflect on the success which has
attended the British in this entire affair, without feeling
a
Austria—why should Germany—waste
seeking to accomplish what England
alone, without money or price of any
great point gained.
they have mightily increased their prestige. Since
Napoleon’s time, it has been the custom to speak periodi¬
cally, and especial during periods of peace, of England as
a nation of shop-keepers.
We have another illustration
in this victory of the fact that the spirit of commerce and
industrial enterprise—the spirit that prefers peace because
of the higher advantages it brings—is not necessarily
destructive of the qualities necessary for war.
This latest
victory—military and diplomatic—will have the effect of
magnifying the name of England, and increasing her
influence not only all over the East, but in all those regions,
south, east, and west, where she is sowing the seeds of
civilization, and developing the germs of future empires.
that
But diplomacy had not
completed its task. It was well that all danger of a
European complication was over. It was well that Eng¬
land was not to be tramelled in her wrork by unnecessary
yet
Turkey, however, was
still in the way. It seemed at first as if a mistake had
been made in asking the Sultan to co operate.
It was a
step which was beset with many grave difficulties. It
would be an ill-assorted alliance to begin with in the
peculiar circumstances ; it would divide the honor of the
victory ; and it would render impossible a satisfactory
arrangement. On close inspection, it is seen that the
invitation tendered the Sultan was at least politic if not
assistance
and by rival counsels.
unavoidable.
lie
was
3G3
THE CHRONTCLE.
30, 1882.J
the sovereign lord of Egypt.
In India its effect will
His
be
of the most wholesome and
the
only
consolidate
had been fully recognized when Khedive Ismael
was deposed.
It was recognized much later when he was empire of the East more and more, but to paralyze the
It will be
asked to interfere between Khedive Tewfik and Arabi aggressive energies of Russia in Central Asia.
Pasha. It was next to impossible to overlook his author¬ equally potent among the semi-barbarous tribes of South
ple were not warring with the
and the British
Sultan.
time the Sultan’s troops 5vere not
peo¬
But at the same
wanted in Egypt.
His
co-operation would be a curse rather than a bless¬
ing. At this stage the hand of the diplomatist becomes
distinctly visible ; and it is due to Lord Dufferin to say
that the hand revealed is the hand of a master.
It was
necessary that the Sultan should sign a special treaty with
England before, embarking his troops for Egypt. Some
of the stipulations of the treaty—such as that Turkish
troops should be subordinate to English command, and
that there were only certain available points for landing
them—and the difficulties experienced in coming to an
agreement about this military treaty or convention, were
such that the treaty has not been signed to this day.
It
was simply a convenient instrument framed and amended
for the purpose of keeping Turkey out of the struggle ;
and it was as completely successful as it was skilfully
active
people who
always strongly im¬
are
pr0iictarvjs®ammcrctal ^uglislt iltcxus
RATES OF EXCHANGE AT LONDON AND ON
AT LATEST DATES.
EXCHANGE AT LON POX—Sept.
Anist-erdHin
A
.
Brussels
3 mos.
Short.
3
Antwerp
mos.
4 4
....
44
Hamburg...
Berlin
Frankfort...
41
Copenhagen.
St. Petergb’g
4*
12'5 kj
12 3
25*55
2 5'5 5
2073
20-73
20-73
44
1845
44
Paris
Paris
Vienna
Short.
3 mos.
Mud rid
“
Cud
IG.ij
Rate.
Time.
an-
used.
Diplomatic skill was not less conspicuously revealed in the
declared purpose of the war. In the peculiar condition of the
Mohammedan world, and coming so soon after the French
occupation of Tunis, the invasion of Egypt by a Christian
Power was liable to be misunderstood or misinterpreted.
It might be used to kindle the flames of religious ani¬
mosity. It was so attempted to be used by Arabi Pasha. It
was
necessary to guard against this danger.
From the
first, therefore, there w as no disguise on this subject. The
British Government made it plain to all the Powers—Ad¬
miral Seymour and Sir Garnet Wolseley made it plain to
the Egyptians—that the British invasion of Egypt was
made not in any spirit of hostility to the Mohammedan
religion, to the Sultan, to the Khedive, or to the people of
Egypt, but, on the contrary, in the interests of religious
and civil liberty
alike, to protects the rights of the Sultan,
to restore the Khedive
to his throne, and to re-establish
peace, order and security in Egypt. The deposition of
Arabi by the Sultan worked in harmony with this avowed
purpose of the war ; it showed that in the Sultan’s judg¬
ment
England was not warring against himself or the
Mohammedan faith ; and the result so far has been that
the knees of the rebellion were weakened, that the victory
rendered at once more easy and more complete, and
that all the obstacles have been removed out of the way of
tend to
pressed by military success.
As to Egypt and her future, every indication of the
moment justifies the predictions we have already made..
There is not likely to be any further trouble ; and we have
every assurance that satisfactory precautions will be taken
for the maintenance of peace and security, and that
nothing will be left to chance.
Furthermore, it was wise for such a Power - as Great
Britain so to act, considering her relation to the Moslem
It showed that Mr. -Gladstone
of
class
Africa—a
ity now.
world.
It will not
beneficent kind:
power
44
@12"G
@12'3ka
@25*00
S'25’GO
@20 70
@20"7G
S-0-7G
@ 1 S‘4.7
23^2334
25"211i>S>25"30
25*50
@25-55
12-7^0)12-10
Rate.
Sept. HI Short.
12-15
■
Short.
25’23
Sept. 1G Short.
20-48
20-18
jSept. 1G
jSept. 1G
4 I
it
Sept. 1G
20-48
....
1
.
...
Sept. 1G Short.
Sept. Hi Long.
Sept. 1G
25-25
25-28
11010
Sept. 10 Short.
25-75
“
-
44
Genoa
@20-00
51k @51 3q
25*95
44
Lisbon
Sept. 10 Short.
New York...
Bombay
Time.
J Date.
.<
17.
Calcutta
EXCHANGE ON LONDON.
| Latest
1
LONDON
....
GO
days
44
....
Hong Kong..
....
Shanghai....
....
Is. Sd.
Is. 8d.
jSept. lb
jSept. H»
Sept, lb
4 mos.
i
4
44
jSept. l(>
4-8312
1m. Sd.
Id.
Si32*1-
3*. Oka i.
5s. 2341.
■
[From our own correspondent.I
London, Saturday, Sept. 10,
1882.
importance have taken place this week. The
gallant capture of Tel-el-Kebir by the British army and the
dispersion of the' rebel army, together with the capture of the
leaders of the movement, have afforded a sensible relief to the
Events of great
country; and the war having been declared to be at an end, the
work of re-establishment has to be commenced. The Continental
Powers, it is said, desire to have their say in the settlement; but
when the question has become a pure and simple one, a concert
of the Powers is scarcely a necessity. There is no reason for
believing that the British Government contemplates annexation,
of establishing and confirming
the authority of the Khedive may be safely left to that Power
which has, in so brief a space of time, crushed a rebellion
which, had it been better led, might have been productive of
greater ruin than is now apparent. The disbandment of the
army, the creation of a proper force to maintain order, and the
moral and material support of Great Britain, are only required,
and it needs no great array of talent to propose and carry out
what is so distinctly necessary. The unwilling soldiers will be
soon returning to their homes, and it is fortuuate that the war
has so abruptly terminated, as the cotton crop has yet to be
secured, and it is a matter of great importance that Egypt
and if that be the case, the work
*
THE CHRONICLE
364
[VOL. XXXV.
soil as soon as practicable, since ending September 2 was 829, against 921, showing a decrease of
much money will be required to meet the heavy losses which 92, being a net decrease in 18S2 to date of 1,216. The num¬
war, however brief, necessarily entails.
With modern appli¬ ber published in Ireland for the same week was 27, against 4
ances and with the assistance of
European capital, Egypt, showing an increase of 23, being a net decrease in 1882 to daU
of 237.
should the seasons be favorable to her, may recover more
The following are the current rates for money at the
leading
speedily than is anticipated ; but there must be good govern¬
foreign
centres:
ment and security before capital is entrusted to Egyptian
Bank
Bank
rate.
rate.
enterprise.
Open
Open
Tr. ct.
Market.
Tr. ct.
Market.
Financially, the feature of the week is an advance in the Bank Paris
Madrid
and
other
3%
3^
4^
4
rate to five per cent.
Spauish-citiea.
4%
Sjme were doubtful as to a change being Brussels
4%
St. Petersburg...
6
4
3%
Amsterdam
0
made, bat it is evident that the directors of the Bank were wise Berlin
Geneva
4
4 8a
5
4
5
Genoa
44*
5
in doing it; in fact, no alternative course was open to them. Hamburg....
4
434
Frankfort
Copenhagen
4%
The money market has for some days past been showing Vienna
4
3\
indications of increasing firmness, and in the early: part of the
Our imports of wheat continue upon a large scale, and our
week very little accommodation was obtainable under the Bank
home supplies are also increasing. The markets are therefore
rate. The Bank return is rather more favorable, but, at the
liberally supplied with produce, and the trade remains very
same time, it quite justifies a five per cent official minimum.
dull.
Prices have further declined about 2s. per quarter, but
The proportion of reserve to liabilities is not more than 39T8
at the close of the week rather more steadiness is apparent.
per cent, against 39-25 per cent last week and 40% per cent in It will be seen from the statement which follows that the
] 8S1.
The supply of bullion is reduced to £21,601,894, which
quantity of wheat and flour placed upon the British market*
compares with £23,041,378 last year, while the total reserve is
during the first two weeks of the season amounted to 5,708,000
only £11,156,714, against £12,569,543 in 1831. It is difficult to
cwt., against only 3,424,000 cwt. in the corresponding period of
see from what source our market is to be supplied with gold.
last season. The increase is very considerable, and certainly
The German markets are as dear as our own, but the position
accounts for the dulness of the trade.
The imports of wheat
of the Bank of France is a strong one, and supplies of gold are
have been as much as 3,993,403 cwt., against 2,017,194 cwt.,
in consequence expected from Paris. The directors of the Bank
and of flour 486,265 cwt., against 458,464 cwt., while the sale*
of France may, however, consider it necessary to augment their
of home-grown produce have increased from 948,300 cwt. in
terms; but circumstances do not yet justify such a movement,
1881 to 1,228,240 cwt. this season.
The weather has been
certainly not beyond four per cent. At the same time, the de¬ unsettled during
the week, and the rainfall has been rather
mand for money may decline, or, more correctly perhaps,
considerable. In Scotland this has been especially the case*
become less extensive than had been anticipated. A five per
and as the harvest is still in progress in that country, some
cent rate of discount, with every prospect of its continuance,
anxiety is being felt among Scotch farmers.
naturally produces some caution among traders and specu¬
The following supplies of wheat and flour have been placed
lators, more especially as there is at the moment a greater
on the British markets during the first two weeks of the current
prospect of a further upward than of a retrograde movemert and last three seasons; the average price of home-grown wheat
taking place. As an advance in the Bank rate was inevitable, and the visible
supply of wheat in the United States are also
it was clearly judicious on the part of the Bank authorities to
given:
make an immediate change, as the country becomes aware of
1879.
1882.
1381.
1880.
Imnorts
of
wheat.cwt.
3,993,403
2,017,194
3,777,215
3,31(1,448
the position at an early period of the autumn season, and
Imports of flour
486,265
453,16 4
415,933
337,855
merchants can therefore act accordingly. The advance to five
Sales of home-grown
523,730
produce
1,228,240
918,300
776,200
per cent may save a six per cent rate of discount, as well as
some excitement and anxiety, and it now remains to be seen
Total
5,707,903
3,423.953
4,969,351 4,173,033
Av’go price of English
what will be its effect. The following are the present quota¬
wheat for season (qr.)
16s. 61.
54s. 101.
42s.8d.
45a. Od.
tions for money :
Visible supply of wheat
Ter cent.
Open-market rates—
Ter cent.
in the U. 8.... bush. 12,000,000
19,500.000 14,800.000 17,927,000
should collect the riches of her
....
....
.
r
5
Bank rate
Open-marlcet rates—
30 and GO (lays’bills
4*>8rt>4St
4 months’ bank bills
G mouths’ bank bills
4 & G months’ trade bills.
4^ ^5%
Notwithstanding the rise in the Bank rate, the joint stock
banks and discount houses have not raised their rates of inter¬
deposits more than
per cent. This would seem to
imply that the directors are not believers in any lengthened
period of the present rates of discount. The rates are as
est
-
.
Tf
*
.
..
....
4!%a'-13i
4Rs^4ai
4%® 43*
3 months’ bills
-
The following return
grain into the United Kingdom during the first two
of the season, compared with a similar period in the
previous years:
:
Ter cent.
Joint-stock banks
3*2
Discount houses at call
3%
33i
with 7
Do
or
14 days’ notice
showing the present position of the
Bank of England, the Bank rate of discount, the price of con¬
sols, the average quotation for English wheat, the price of mid¬
dling upland cotton, of 40-mule yarn, fair second quality, and
the Bankers’ Clearing House return, compared with the three
previous years:
Annexed is
a
statement
1852.
£
1831.
1880.
£
£
'£
23,981,935 22,067,609
11,156,714 12,069,518
21,601,691 23,041,378
!...
Eng. wheat, av. price.
Mid. Upland cotton...
JSo. 40 Mule twist
Clear’g-liouso return. 1
99%
51s. 5d.
7i-V;d.
10*4*1.
10 VI.
9,154,000 81,763,000
The silver market has been dull
of fine bars
40!%
p. c.
678,731
486,265
To British North
periods
were as
53
2kj p. c.
97%
42s. 2d.
T^d.
41 s.
37->
11d
1 mi.
<;%d.
j)i0 p
62,101,000
94,602,000
during the week.
The price
is51%d. and of Mexican dollars 50 9-16d. per ounce.
August.
118,37*
1 40,150
410,469
21.184
79,808
1,171.825
337.855
7 1 0.168
5 4 8,211
11,708
107,000
1,397,542
458,464
19,550
43.438
2,016,596
415,939
follow'!
,
1882. *
,
during the same
In
EigJit Months.—*
1882.
1881.
28,822
122,220
141,490
10,366
13,063
G2,870
83,512
112,266
14,903
149,999
690,493
810,930
Hardware & cutlery..£
tons.
4,931
5,037
10,289
9.932
5,591
23,490
l;988
1,606
944
650
7.258
10,337
A. p par el and slops.... £
Cotton niece goods.yds.
Earthen w.<fc porcelain. £
Haberdashery and mil¬
linery
£
tons.
tons.
sheets
and
32,236
5,634,400
5,420,100 40,029,100 44,849,000
14,110
121,610
143,330
23,186
27,452
72,338
41,042
25,839
73,853
7,893
8,393
boiler plates.. .tons.
Tin plates
tons.
Cast or.wrought.tons.
•.ivi.1
j.jOo• .y ‘*3.
1,476
1,298
78 1,900
galls.
31,819
tons.
11,485
829.300
68,618
11.703
yds.
.-pi* its—British...galls.
Stationery, other than
52,710
12,950
15,613
91,767
428,972
77,858
303,030
123,817
3,295
6,232
23,504
32,806
1.405
630.200
2,891
1,436,200
0,033,200
,783,600
1,100,900
31,854
4,631,700
7,53 1,800
239,400
232,400
.Seed oil
Salt
Silk brn idstufts
-
1879.
3,316,448
America the exports
-In
Iron—pig
2 !>.
1830.
3,777,215
1881.
35 220.075
15,420,851
4
Indian corn
Flour
23,327,485
11,557,019
39 13
5 p. c.
99 h
45s. 9d.
7d.
Beans..
66 4,678
35,562
63,349
17,619,511
16,673,280
11,682.205
three
1881.
73,08 5
23 2,06 9
•
Hoops,
Govenim’t securities.
Other securities
Res’ve of notes & coin.
to liabilities
Bank rate
Consols
Barley
Oats
Peas
31.550,540
16,336.224
17,248,167
22. i 2 1,1 65
26,681,205
6,219,881
24.910,429
Proportion of reserve
cwt. 3,993.403
Wheat
28.095,910
5,601,435
26,191,950 26,224,825
4,652,866
4.995,615
23,569.849 25,<559,867
weeks
2,017,194
1S82.
Bar, &c
Railroad
Circulation
Public deposits
Other deposits
Coin and bullion in
both departments..
1870.
of
IMPORTS.
for
follows
shows the extent of the imports
paper
S u ga r—
R c fl n
£
e d and
cwt.
Woolen fabrics
yds.
Worsted fabrics—yds.
Carpets, not being
candy
rugs
yds.
56,843-
•
5.618
8.316
4,909,600
5,343.000
254,081
69,086
317,387
37,991
.
6,830,100
1,250,000 * 1,505,100
of
The following return shows the extent of the exports
England and Wales gazetted during
the week ending Saturday, September 2, was 169, against 190 British and Irish produce and manufactures, and of colonial
in the corresponding week of last year, showing a decrease of and foreign wool, to the United States during the month
21, being a net decrease in 1882 to date of 679. The number August and during the eight months ended August 31> com¬
of bills of sale published in England and Wales for the week pared with the preceding year:
The number of failures in
of
THE
30, 1882,
September
Tn August.
18S1.
1882.
,
lllro,«
.
...owt,
ATmarel'midHlopa
262.103
284,372
8,303
5,652
40,079
Bar
7. ..tons.
sheets,boiler &
Railroad
Hoops,
plate*...tons.
Tinplates
tons.
Cast or wrought,..tons.
Old for rrmamift.tons.
Steel—Unwrought.tons.
14,219
18,466
579,671
571,275
en¬
295,670
363,244
320.955
346,002
311,780
For the week...
14,753
Prev. reported..
67,609
1.477
29,634
13,3^5
7,058
5,219
10.012
265,887
8,364
„
155,408
216,175
18,715
75,425
355,666
cwt.
Bilk llroadstutFs
yds.
Other articles of silk
616
679
20,731
770
154
17,198
3,711
2,692
166,183
5,751
6,030
141,831
.21,616
46,868
210,734
322,110
yds.
12,406
11,142
59,115
65,064
Paper—Writing or print,-
intr
Other
gait
kinds
cwt.
tons.
only
Mixed with other ma¬
terials
£
18,411
15,961
94,701
171,664
British...galls.
12,171
12,757
46,015
54,012
Spirits
—
Tin—Unwrought ...cwt.
955
5,116
5,836
9,565
Wool—British
lbs.
277,700
3,520,800
2.958,400
529,800
Colonial & foreign.lbs. 2,599.395 1,280,649 10,846,389 13,627,707
Woolen fabrics
yds.
596,700 1,039,100
4,978,000
3,065,700
Worsted fabrics
yds. 3,652,600 3,735,100 18,878,500 23,L84,500
—
not'being
yds.
Carnets,
rugs
English
132,200
127,200
tlarket
958,100
857,000
Report*-Per
Cable.
daily closing quotations for securities, &c., at London,
and for breadstuffs and provisions at Liverpool, are reported
by cable as follows for the week ending September 29:
The
Mon.
Sat.
London.
Tuts.
d.
51 78
1001 to
Consols for account
Fr’ch rentes (in Paris) fr.
U. 8. 5sext’n’d into3%s
U. 8. 4%s of 1891
U. 8. 4s of 1907
100’ i«
100%
100%
81-92
82-12
82-10
102%
102%
1153s
121%
44%
102%
115%
Silver, per oz
Consols for money
Erie,
common
stock
51
1153s
121 %
43%
144
Illinois Central
Pennsylvania
Philadelphia <fc Reading.
New York Centra!
G57s
145
66 >8
32 %
1 39
33i8
140%
Sat.
Liverpool.
Cal. white
12
“
s.
12
9* 6
8
4
9
3
9
8
9
G 10
Com, mix., West.
“
Pork, West. mess.. $ 1*1)1. 98 0
Bacon, long clear, new.. 72 0
Beef, pr. mess, new,*#tc. 94 0
Lard, prime West. $ cwt. 62 6
Cheese, Am. choice, new 55 6
d.
100%
100%
81-77%
102%
1153s
12! %
43 %
141%
66 %
32%
x 137%
12130
43%
143%
65 70
32%
1393 jfi
6
C
4
3
9
97
0
72
94
0
0
0
6
63
55
Tues.
s.
12
9
9
8
9
6
97
72
90
63
55
6
9
8
3
9
2
6
97
72
92
63
55
9
100%
100%
8195
81-82%
102%
1153s
121%
4334
102%
1153s
121%
144
65 %
143
0
0
0
G
6
d.
6
1
0
3
2
9
0
0
0
0
0
65%
32%
137
Thurs.
Fri.
s.
d.
s.
d.
12
0
0
0
2
2
12
9
6
9
9
8
9
6
97
72
9
8
9
8% 6
0
97
0
72
0
90
0
63
53
6
90
63
53
0
0
3
2
6
0
0
0
0
6
©matucvcial ami IlXtsccUaucomsilcius.
National Banks.—The
been organized :
The
Schuyler, Neb.
EXPORTS
First National Bank of
Wahoo, Neb.
Capital,
$50,000.
.Second National Bank of Altoona, Pa.
Capital. $100,000.
John P. Jjeyan, President; Harry A. Gardner, Cashier.
Kansas National Bank of Wichita, Kansas. Capital, $50,000.
0 __
Hiram W. Lewis, President; Albert A. Ilyde, Cashier.
First National
Bank
of Heat tie, Washington Ter.
$150,010. Geo. W. Harris, President; W.
n
Capital,
I. Wadleigh, Cashier.
Fourth National Bank of Louisville, Ky.
Capital, $300,000.
Warren, President; Charles Warren, Cashier. Imports and Exports for the Week.—The imports of last
C. N.
week, compared with those of
a decrease
the
preceding week,
show
in
dry goods and an increase in general merchandise,
lbe total
imports were $10,203,306, against $9,815,573 the pre¬
ceding week and $10,214,834 two weeks previous. The exports
for the week ended
Sept. 26 amounted to $8,233,264, against
i,
.*^H
week and $6,660,613 two weeks previous. The
following are the imports at New York for the week ending
\lor dry goods) Sept. 21, and for the week ending (for
genera
j
merchandise) Sept. 22; also totals since the beginning of first
week
in
January;
For Week.
pry
goods
Uen’l
iner’dise..
Total...
Since Jan. 1.
goods
Geu’I
FOREIGN IMPORTS AT NEW
1879.
$2,155,488
5,740,830
stT tm: 010
$ f ,OiJU,o 1
0
YORK.
1880.
1881.
$2,309,767
$3,129,781
5,191,012
7,823,611
$7,503,779
T
IV j
D
d u j li J < (
$69,812,588 $99,095,637 $85,362,864
iner’dise!.’ 163,873,702 267,181,446 236.390,706
...
Total 38 weeks
$225,686,290 $366,277,083 $321,753,570
$8 283,264
239,672,527
$234,742,190 $247,955,791
AND IMPORTS OF SPECIE
AT NEW
Week.
Great Britain
Imports.
Week.
Since Jan. 1.
Germany
West Indies
Mexico
8011th America
All other countries
Since Jan. 1.
$500
$24,250 $29,623,892
2,526,150
France
YORK.
|
Exports.
Gold.
$106,198
401
232
83,'100
6,088
12,847
259,859
97,419
237,150
3,000
286,849
30,217
1,297,694
Total 1882
Total 1881
Total 1880
$24,250 $33,774,134
$16,347
$781,605
14,700
390.046
43,23 1,221
22,121
2,151,023
393,814
4,478,665
27,001,686
Silver.
Great Britain
France
$
$
$7,157,937
$26,279
933,950
216,500
Germany
West Indies
Mexico
1,027
128.004
883,380
160
9,430
737,371
South America
All other countries
2,696
Total 1882
Total 1881
Total 1880
-
106,359
1,631
813,655
2,100
26,998
$1,634
115,566
49,040
$9,136,472
7,876,921
3,665,850
$4,956
$1,914,413
2,173,022
3,879,131
20,355
67,534
Of the above imports for the week in 1882, $10,094 were
American gold coin and $2,856 American silver coin.
DIVIDENDS:
The following dividends have recently boon announced:
Name of Company.
1882.
$2,934,338
7.263,968
Per
When
cent.
Payable.
Books Closed.
(Days inclusive.)
Railroad*.
Best. Clin. Pitch. & N. Bed.
Camden &. Atlantic pref
Camden A Atlantic com
pref.. $3 50
4
3
i
Cumberland Valley (quar.)
..
Oct.
Oct.
Nov.
Oct.
Oct.
Nov.
Oct.
Oct.
14
15 Sept. 22 to
16 Sept. 22 to
2
1 Oct.
1
to Oct. 25
1 Sept. 26 to Oct.
3
5 to Oct. 20
20 Oct.
1 Oct.
3 to Nov. 5
3
2
Oot.
10
Nov.
Nov.
2%
Chicago R. I. & Pao. (quar.)
$1 75
2L>
Danbury & Norwalk
2
Del. Lack. & West, (quar.)
2
Lake Shore & Mich. Ho. (quar.)
1 %
Pitts. Ft \V. & Chic, (quar.)
“
“
1%
special (quar.).
Rank*.
Gallatin National
Call
5
.
Sept. 28 to Oct.
9
for Bonds.—The Treasury Department has issued,
under date of Sept. 23, the one hundred and seventeenth call
for bonds, embracing $25,000,000 of continued lives, on which
interest will cease Dec. 23, 1882, as follows;
$50—No.
851 to No.
1,592, both inclusive.
100—No.
7,101 to No. 13,222, both inclusive.
500—No.
3.501 to No. 5,923, both Inclusive.
1.000—No. 14,501 to No. 20,700, both inclusive.
5,000—No. 4,125 to No. 5,776, both inclusive.
10,000—No. 13,80 L to No. 18,402, both inclusive.
Capital, £30,000.
Thomas Bryant, President; Morris Palmer, Cashier.
First National Bank of Grand Island. Neb: Capital, $50,000.
8:mmel N. Wolhach, President; (’has. F. Bentley, Cashier.
Henry Anderson, President; Peter Anderson, Cashier.
$6,953,660
275,788,539
following table shows the exports and imports of specie
York for the week ending Sept. 23, and
following national banks have lately
Bank of
$9,131,109
292,411,914
1882.
at the port of New
since Jan. 1, 1882 :
First National Hank of Newton, Knnsns. Authorized cap¬
ital. $50,000. L. Lehman, President; A. B. Gilbert, Cashier.
First National
$8,126,960
239.317,352
1881.
Total 38 weeks $217,444,312 $301,5 13,323
43%
323s
137%
Wed.
d.
6
8.
1880.
Fri.
5H3ie 5U3i6 5H316
100 V. 100%
100%
12
6
Thnrs.
Wed.
51 7s
1 0030
Mon.
d.
9
s.
Flour (ex. State.. 100 lb.
Wheat, No. 1, wh.
“
Spring, No. 2...
“
Winter, West., n
“
78
1879.
56,098,100 67,185,600
47,203
252,829
Other kinds
EXPORTS FROM NEW YORK FOR THE WEEK.
58.389
£
£
.
our report of the dry goods trade will be found the
imports
dry goods for one week later.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending September 26, and from January 1 to date;
58,986
4,820
51,470
gines
In
44,419
943
365
of
44,668
48,246
lbs.
goods.. .yds.
Tead-Pig,Ac
tons.
iSen piece goods...yds. 8,789,300 10,212,200
Jute yarn
Tute piece
Maciiinery—Steam
31,561
487,156
23.782
24,065
16,641
20,709
113,512
148,671
516
4 12
4,220
4,557
8,872
4,916
64,581
59,161
11,719
8,476
71.814
112,825
592,700
561,800
2,498,200
5,742,600
8,988,200 5,744,700 65,767,500 57,694,400
50
347
10
•
425
armor
2.7109483—'The
84,131
81,323
tons.
tons.
Ac!.
2,155,657
5,211,400 5,312,700 49,563,500 55,781,800
ware'&cutlery.. &
Trm-Pi"
1882.
693,920
2,046 "
-1.165
-bbla.
Haberdashery and mili .»P V
£
Ward
31,453
67,471
BUCkB ...-(loz.
SSJSl
In Eight Months.—
,
188i.
2,013,161
£
rJnton niece goods..yds.
Eaillienw.ife porcelain.£
*
CHRONICLE
L'O.OdO—No.
1,820 to No.
50,000—No.
5,251 to No.
2,241, both inclusive.
6,033, both Inclusive.
$25,000,000
Total
The bonds described above
are
those last dated and numbered, as
required by Section 3 of iho Act of July 14, 1870.
"included in the
Many of the bonds
transferred or
exchanged and canceled, leaving outstanding the amount above stated.
originally
above numbers have been
Auction Sales.—The following were
Messrs. Adrian II. Muller & Son;
Shares.
39 Amor. Exch. Nat. Bank...134%
17 Bank of North America!..103
50 Nass mi Gas-Light (Bklyn.) 56
G N.Y. Transfer (Dodd’s Ex.) 50
—The attention of
under the terms of
sold at auction b7
Shares.
15 Houston Street & Favonfa
Ferry RR. Co
92
48 Gt. Western Marine Ins.
60
23 Star Fire Ins. Co
75-75%
readers is called to the fact that,
advertisement which appears in our
our
an
advertising columns from the purchasing committee of the
Columbus Chicago &' Indiana Cential Railroad, this is the
last day on which signatures will be received to the reorgani¬
zation agreement.
—The’active and
favorably-known house of Groesbeck &
Schley has removed to a handsome suite of offices on the ground
floor of 26 Broad Street, where their friends and eustomeis will
receive prompt attention in the execution of all orders for the
or sale of stocks.
—The card of the Southern Land Emigration & Improve¬
ment Co. is published in to-day's Chronicle.
This company
offers millions of acres of farming and grazing lands, also
purchase
mining sites, orange groves, &c., in all parts of the South, in
lots to suit purchasers.
$102,508,455
—Messrs. Miller, Francis & Co., bankers and brokers, have
269,968,092
just removed to large and commodious offices on the ground
$372,476,547 floor of the Mills building, No. 85 Wall Street.
$10,203,30G
THE
366
CHRONICLE.
NEW
The
YORK,
Money Market and
SEPT.
Z9, 1S84-5
P. M.
Financial Situation.—The strin¬
gency in rates for money has attracted
attention this week on account of the
more than the usual
direct bearing it had
mercantile operations in
negotiating commercial
It has often happened in the past few years that call
upon the stock market, and also upon
the greater difficulty experienced in
close and ruling
market for really prime
commercial paper was scarcely affected, but at the present time
circumstances are somewhat different, and commercial paper
sympathizes more closely with the call loan market, or with
the highest
had a certain influence on the paper market. At such a period
it is obvious that the class of paper well known as strictly prime
is less disturbed than anything of lower grade: and so this
really choice first-class paper has been quoted at
7 per cent, other grades and single names have been up to 8,
9 and 10 per cent, and this has perhaps given an impression
of greater difficulty among merchants in getting accommoda¬
tion, than really existed.
In the stock market, aside from the reports about the bullish
or bearish tendencies of leading operators, the main talk has
been in regard to the money market, and what the Govern¬
ment would probably do to keep money easy.
The Secretary’s
offer to pay called bonds without rebate of interest does not
furnish speedy relief; and recently it has been quite generally
supposed that some arrangement would be made for deposit¬
ing Government receipts with some of the national banks
designated as depositories, with government bonds taken as
security. This, if done in a rational way, would place the
Government more nearly in its true and proper attitude
towards the money market, where it would neither act as a
great absorbent of funds that ought to be in circulation, nor,
on the other hand, come down at intervals and throw out its
five, ten or twenty millions of money at times when it was
least expected and least needed.
In the call loan market rates have been very irregular, and
jumped about from day to day and from hour to hour, accord¬
ing to the demand at the moment. The lowest rate fairly
quotable on stock collaterals has been 7 per cent, and from
tliat the range went as high as 20 per cent, on Tuesday, and in
some cases the old method has been adopted of lending at 0
per cent plus a commission, which went as high as % per cent
a day.
The past few days, however, the ruling rate to stock¬
brokers has been 7(<?8 per cent, and on government bond
collateral 5@6 per cent. Strictly prime commercial paper is
quoted at 7 per cent, while paper not quite so good is quoted
at 7^@9 per cent.
The Bank of England on Thursday showed a gain for the
week of £245,000 in specie, and the percentage of reserve to lia¬
bilities was 39i£, against 3934 last week; the discount rate
remains at 5 per cent.
The Bank of France lost 5,775,000
francs gold and 500,000 francs silver.
The New York City Clearing-House banks in their statement
of Sept. 23 showed an increase of $1,259,850 in the deficiency of
reserve, the total deficiency being $2,271,825, against $1,011,975
on Sept. 16.
week, while
Differ’nees fr'm
previous week.
18 80.
1881.
Sept. 24.
,
Sept. 25.
Legal tenders.
$831,700 $332,672,300 $310,204,030
65,147,600
1,614,200
64,984,400
19.765.200
18,852,500
266,200
314.3L7.S00 29 4,806,900
297.389.300 Dec. 4.435,000
21.057.000 Deo.
15,057,200
754,400
13,197,200
Legal reserve.
$74,347,325 Dec.$l ,103.750
$78,579,325
72.075,500 Dec. 2.368,600
80,041,600
$73 701,725
78,344,800
def.2,271,825 Dec.$1,259,350
$1,462,275
$4,643,075
Loans and dis. $325,688,600 Dec.
Specie
Circulation...
Het deposits
.
Beserve held.
Surplus
4 74
3 96
4
4
3)15
® 15
®
®
Span’ll Doubloons. 15 55
Mex. Doubloons.. 15 45
Fine silver bars
1 13%??
call loans in sums of $5,000 and upward,
so that there is little inducement for them to discount notes
of two to four months, if they can keep their funds in hand
and use them more profitably by lending subject to call. Then
the failure of Mr. Alonzo Foilett, with its attendant compli¬
cations, created an unpleasant feeling for the moment, which
1882.
(reichmarks)
..
4
S5%a4 86%
*4% 3,4 85
4 84
5 20
40
|
j
a4 844
17%
40%
95%
®
9pig®
—
on
Sept. 23.
Bremen
X X Reiclimarks.
X Guilders
the rate for time loans on stock collaterals.
We find a reason
for this in the fact that banks have been lending more and
more to borrowers on stock and bond collaterals, and now
under the present law they are at liberty to accept
going
or
4
Coins.—The following are quotations in gold for various coins
Silver %3 and %$. — 90% a par
Sovereigns
$4 82 ®$4 86
Five francs
93
®
95
Napoleons
3 84 ® 3 88
paper.
loans to stock borrowers have been decidedly
for some days at high rates when the
rates
82
8<>%
4 79%0)4. SO
5 2i%a)5 21%
39% ft 40 "
9414® 94%
Amsterdam (guilders)
Frankfort
Demand.
4 81%#4
4 >-0
®4
London.
Prime bankers’ sterling bills ou
Prime commercial
Documentary commercial..
Paris (francs)
preceding page.
FRIDAY,
Sixty Days.
Sept. 29
JjJatxhers' (Qaecttc.
Dividends will be found on
[Vol. XXXV
51,013,500 Dec.
18.637.400 I110.
Exchange.—Foreign exchange is weaker in consequence of
the large supply of bankers' bills and also the increase in
commercial exchange from cotton shipments. Messrs. Seligmau have recently negotiated about $5,000,000 on account of
..
Fine
gold bars....
«fe % dimes.
—
Mexican dollars..
Do uncommere’l.
78
00
70
65
English silver
84%^
_
—
87
—
3
4 77
....
Pros. silv. thalers.
U. S. trade dollar.^
U. S. silver dollars
1 14
par3*4 prem.
90 % <i> par
—
—
—
—
ggs?
85^
34
68
a>
—
99143
99% 3,
—
79
995-
r,,^
^
transactions in government
special features of interest beyond
United States Bonds.—The
bonds have presented no
the moderate fluctuations
Secretary Folger
from day to day.
Tuesday ordered the payment, without rebate of interest
of any of the outstanding called bonds, to the amount of not
over $5,000,000 per week, until otherwise directed; but only
about $3,400,000 of bonds have been presented in the past
three days.
The Treasurer has issued another call for bonds,
on
which
The
we print on the preceding page.^
closing prices at the N. Y. Board have been as follows:
^
Interest
--
Periods.
4*tc o-*«
.
1
1
j
1
|
68, continued at 3%.. J. & J.
5s, continued at 3%.. Q.-Feb.
4%s, 1891
reg. Q.-Mar.
4%s. 1 891
coiii». Q.-Mar.
4s, 1907
reg. Q.-Jan.
is, 1907
coap. Q.-Jan.
6s, cur’ey, 1895..reg. J. <k J.
6s, cur’cy, 1896..reg. J. & J.
8s, cur’cy, 1897.. rev. J. &■ J.
6s. cur’cy, 1898.. reg. J. & J.j
6s,cur’cy. 18i)9..’*esr. J. «fe J.|
*Tlii« is the price bid at
1
1
,
j
j
"’•Y
Sept.
28.
Sept.
29
....
*
*100% 106% 100%'100% *uo%
112% *112% *112% '112 v 112V *11*2%
113
*1)2% *112% *1125a *11238 *112%
119
*118% 118% *118% *11.8% *118%
120
119%| 119%
119% 1 19%
*-<
;o .c?
*
130
130
*
130
*130
‘130
130
130
130
130
*130
*131
*132
*133
*130
*1301-2*130
*130
*130
*131
*130%
*131
*131
*131^ *132
t*133
*131%
1
1*132
'130
the morumg board: no
*130
*132
sale was made.
State and Railroad Bonds.—The Tennessee Funding Board
leaves New York to-day and discontinues for the present their
operations in this city, after
funding about $10,000,000 of
old bonds into the new compromise issue.
If the State of
Tennessee should elect a Governor and Legislature m Novem¬
ber favorable to the present law, the funding
be much more rapid.
Tae compromise
at
Arkansas bonds, L. R. P. B. & N. O., sold at 29.
would probably
bonds sold
60* £;
Railroad bonds have generally held their own pretty well
against the depression in the stock market, and the conclusion
is naturally drawn that the bonds are strongly held and less
speculation than formerly.
rapid construction of new railroads and the
temporary closeness of the money market, there is some in¬
terest attaching to the prices of new railroad bonds, and in
some of these there is an opportunity to make profitable in¬
vestments, if the success of the enterprises is considered well
assured. Some of these prices are as follows :
carried
on
In view of the
Denver <k Rio Grande West, let mtge.
Mexican Central let mtge. 7s, 1911
Mexican National let mtge. 6s, gold, 1911
New York Chicago & St. Louie let mtge. 6e. 1921...
N. Y. West Shore <fc Buffalo (ex Jan. cp.> let m. 5e, gold,
Northern Pacific 1st mtge. 6e, gold. 1921
Pensacola <k Atlantic 1st mtge. 6s, 1921
Tol. Cin. <tSt. Louis let mtge. 6e, gold, 1921.
Texas <fc St. Louie iu Texas 1st mtge. 6s, gold, 1910
Railroad and Miscellaneous
has been feverish
with many stocks
70%
77%
63
6s gold, 1911
and irregular
1931.
92
59%
103%
80%S805s
65 368%
;..80 W
—
Stocks.—The stock market
throughout, closing to-day
at or near the lowest
figures made this
in
week. The main cause for this sensitiveness is to be found
the condition of the money market, which is certainly
working
although the scarcity of
at times by the manipulation of
parties wishing to depress stocks. At all events, it is known
that the demand for money is large, and at the opening of
October, when cotton and grain should both begin to move
freely, it is hardly expected that any return of funds should
soon take place from the West and South; and lienee the Sec¬
retary of the Treasury is looked to for relief by placing the
Government receipts in banks secured by the deposit of gov¬
very closely from natural
money may be aggravated
causes,
ernment bonds.
It usually happens that when there is any
ness in the stock market, this inclination is increased
ried on by a break in one or more of the
and so it has been this week.
The failure to declare any
dend on Michigan Central, or anything
tendency to weak¬
and hur¬
divi¬
weaker specialties,
immediately payable
Oregon Trans-Continental, knocked off those stocks, and
then a sharp decline in Louisville & Nashville yesterday and
payments due for Panama Railroad stock, and there have to-day had rather a depressing effect, while the final
possibly been other transactions against loans abroad or were weakened by the decline in Delaware Lackawanna &
against the sale of stocks in London. To-day the actual rates Western to 141'4. The directors of this company met to-day
for prime bankers' GO days sterling were 4 81 @4 81^ and for and declared the quarterly dividend of 2 per cent, payable
October 21. They also voted to lease the new road to
demand 4 85^@4 8(U£, with cable transfers 4 86}.<(a)4 87}<£.
For Continental bills “the actual rates are as follows: Francs Buffalo, known as the New York Lackawanna and Western,
5 23n4 and 5 193g; marks 945^^941.5 and 953o@95}^; and guild¬ paying 5 per cent on the $10,000,000 stock of the company,
and guaranteeing the interest on the $12,000,000 bonds. ers 39^8 and 40G.
In domestic bills New York exchange was quoted to-day the road is not yet open for business, and must wait some tim
as follows at the places named : Savannah,
buying 3g, selling for net earnings, it is evident that the guarantee of 4 per cen
dis.; Charleston, buying par, selling ig’ dis.: New on the stock may prove to be unprofitable for the D. L. & ' •»
Orleans com., 350 dis.: bank, 400 dis. nom.; St. Louis, 25 dis.; though highly profitable to the holders of the guaranteed stoc*
There has been less talk of the bearish influence oj i *
Chicago, 50 dis.; Boston, 10@20 dis.
Quotations for foreign exchange are as follows, the highest Gould, and some allege that he lias been a purchaser in the
prices being the posted rates of leading bankers:
on
dealing?
cent
decline.
THE
30, 1882.)
J5EITEMBER
HIGHEST
DAILY
stocks.
31*4
A\‘;!nn
te nJo *
Ri*p. & No..
Boston A N. ' •
Burlington Cedar
34 Ha
utprei....
2d pref
Do
Chicago
&
.....
&
& st. Paul
prei
Northwestern^....
Hock Isi. ifc Pacitie—
Chicago St. L. A New Orleans.
Chicago
Paul Minn. <fc Om.
Do
l,ret
Cincinnati Sandusky .t ( lev...
Cleveland Col. Ciu. & I ml
Chicago St.
73*8
3 2 Hi
24*8
38*4
108
108
136 14 137*4
80
80
52 k 53*&
111*0 112
50
83 Ha
Houston A Texas Central
Illinois Central....
Indiana Bloom n di West-., new
Keokuk A De» Moines
take Erie A
Lake Shore
Western
67
92 >4
33*4
78*4
92
92*8
25
33 »8
25
39 >4
24
24 »4
107 Ha MOO
137 Ha 135
107
130
34
80
103
136
111*8 112*4
50
84
50
84
110 Ha 111 *4
55
55 *4
82 Ha 82 Ha
Wednesday,
Thursday,
Friday,
Sept. 27.
Sept. 28.
Sept. 29.
30 Ha
93 Ha
78 *a
31 Hi
93 *9
7 8 Ha
06*4
08*4
78*8
80
92
24 *a
92*4
54Hi
24 Ha
39
17 Ha
*6” T6*
*6*4
143*8 145*4
59
00
10 Ha
10 Ha
17 H
29
00
33
77
*8
43
59
1*6 Ha *
10 Ha
17*8
39*4
‘>7
»>7
140
140
145*4
60*8
82 Ha
8-'Ha
lu*4
10*4
90
87 Ha
110*4 141*8 i*4*6”
48*4
48
89
89
90
84
140*
49
ib9H> iso *4
’46’^ 4*{*
115 Ha 116 Ha
04 Ha 64 *4
110
117
23
92 >8
25
38 Ha
38 Ha
20*4
20*4
'51'*; "52*;
111
Oo
"8*2” *82*’
111 \
>4 53 *.j
40*4
47*4
"*6” "*9'4
142
58 Ha
144*8
59 *4
8
*90
17
80 Ha
9
*8'
10
*10
118*4 Apr.
124
136
1,410
83Ha
138'4 139*8
40
40*8
139*4
10,000
45 Ha
2,900
115*2 1L0 *8
120,875
1,270
94,095
139
45
3*6 *.j *39**4 *39% *4*6”
115 *8 110 *8
63
03
115*4 110*4
62*4 02*4
71*4 72*2
*39*” '3*9'ft
115*8 110*8
03
03
03
08*4
717ft
00*8
03
09
**5*6” 5*6*2
58
58*4
*4
100-.;
73*4
38*4
107
33H
104
42*8
80*4
^80
*4
675
8.300
'TO I,
7-4
39*4
108 *2
42 7ft
80*4
03*4
7*2
Richmond A DanvLie
Richmond A West Point
Rochester A PiUnourg
Rome Watertown A Ugdensb.
6t. Louis Alton A i erie llaUte
Do
prei.
113
St. Louis A San Francisco......
Do
pref
Do
lbt prei.
*40
42 Ha
01
05*2!
100 *4 100 *2;
.
..
St. Paul A Duluth
Do
nref
6t. Paul Miuueap. A Manitoba
Texas a Paciiie
Toledo Delphos A Burlington
Union Pacuic
01*2
25*2
115
9 v*4
90
97 Hi
90 >4
93 *2
30*4
03*4
30 *4
05
in'* "35" *34*; .'-35 *4
34 Ha
02 *2
62*8
3 1 '•
02 ~ft
20*2
20*2
26*2 *t>;
02
20*8
a Pacitie
-L*
...
prei.
WlSCELI.ANEOO.
American District Telegraph
Colorado Coal vt I ron
Jfcnaware a Hudson Canal
Mutual Union Telegraph
Oieguu Railway
a ->av. Co
Pullman Palace
car
I
!
3.300
52,710
49*4
9 1 7ft
138,462
17 -2
8 8 '""ft
4.550
3,025
20*8
112*2 113
01 *4
02 '4
24*4 25 Ha
45
89
-40
02*2
158
49*8
160
50 7ft
ilOHa il'2*;1
07*4
7;!
68*41
44*4
45*2
*3*6‘*^"37
02*2
99*2
35*4
95*4
35*4
95*4
102*4 lot)
101
50
15
5i
15
49*8
99Ha
101
50*8
f
35
94
100
49*2
35
94
33%
09 *4
”35*; "37”
07*4
08*4
30*8
07 =8
44
44*2
44
.
’
United States..
f»rgo A Co.”""”*” "
rnCOAL
1> >1IMXG.
A NCoal
Consolidation
115
78' 115*8 nsTfti 114*8 115
20
25 Ha 25 Ha
20*2 20*4
20*2
101 *2 103
102
I 102 *4 103 *s| 101
44 Ha 44Ha
45
45*2
44*4 45*4
130 *q 130 *2 130
130
*130
89
88 7a 90
88*8 89*4
90*8
Hi
%
**8
....
140
94
*08
*129
?.®®e*R*ke Mining
140
95
-08
*139
*129
*129
94
*05
18*2
^ltt86urg Mining
t/ o
U
35
35
101*8
i*59*>;
50 l4
47 7s
j
j
1 go *;1
49-4
00
10)
92
158
48
00
,206
*4
Hi
37 *4
08 *2
3;>
07
0
41
43*4
44
142
93 *4
72
130
113*4 115 *g
25 *4 25 *4
100*2 101
45
45
129*4 129*4
88%
89*8
30-'ft
!
35*4
30*8
07*4
07 78
113
25*8
158
113 78
25-8
25
25
158*4,
43 7e 4414
44*4 44-4
128*4 128*4 *129
130
88*4 89*4
88*2 88 7g
-140
142
90
96
*08
*08
*129
130
*32
36
72
*1297ft130
18*4
*18
70
18*4
647,
30*9
70=8
54
114*9
39*4
131
102
155
96
130*9
39*4
32*4
•>: LI 2
i ,66”)
33=4 J -me 13
467a Jan. 25
6 1 *8
21
35
527,
43*9
26*2
70
51
88*4
377,
80
171
May 25 40
July 7 250
May 15 263
17
Mar.
43
8
174*9
50
50*9
77*9
143*4
55
8\*4
U5*9
42*9
89*9
113*4
66 ‘3 J an. 26
106 Hi J an. 17
39
J ul vlS
96
Sept 21
166 Hi Sept. 12
55
July 28
19
July 21
8
79*4 Feb 21
26
Feb. 15
68
Jan. 19
108 H2 Jau. 26
34*8 Mar. 9
10 Hi Foe. 15
123,739 106 >3 J ime 10,119*4
Mai. 22
62Hi
! 43
25.975
23=8 1 une 10 39 78
45
51,070
78 June 9 71=8
Jan. 23
Mar. 13
73=b
38
131*4
Jau. 16
Mar. 24
Ailg. 2
Jau. 14
65
Fob. l 1
53
7ft Mar. 30
33 ‘4
60”
64-4
96*4
102*4 Mar. 13M19*4 A ug. 15
2P
Sept.29 30 *4 Aug. 17
Jau. 31 163 -a Sept.25
4,050 123
37
Apr. 24 48=4 J Giy 11
2,200
9.960
1,530
117
790
115.782
June
5 145
Jan.
18
93% Sept. 15
76 *e Mar. 11
1
••*« May 17
3,500
85
088
70
125
28
100
20
10
39 Ha
134
| 90
10 !
20
Jau.
3
'8
May 19 149*3 Jan. 10 120
Feb. 18 97 Hi Feb. 25 62=8
June 8
80*4 Jan. 26 51 Hi
Feb. 24 132
Sept. G 112
Mar. 14
15=8 Jan. 17
1*8June 8
1*4 June 6
13
May 2
33
Jan. 16
240
300
7 *2
21
100
21
*18
*18
22
made at the Board.
J
an.
5
*4 Jan. 17
13*3 May 20
J ime 24
Mar. 2
1 Ci Feb
H
1
t Ex-privilege.
36 7e Jan. 16
19*4 Feb.
4
2*4 Mar. 27
2 Hi J an. 25
26
J an. 20
40
Aug. 14
Jau. 16 240
Jan. 17 245
7
Sept.28
19*4 Sept 18
*3 Aug. 12
5
was
126
126*9
Sept. 13
Sept. 14
Jau. 14
July 18
20
J an.
3
20 '3 Mar. S
55
Apr. 20
2
“
8*4 June 21
45*4 Sept. 7
fenmPentral
c°ai-IIIII’I
Robinson Mining
24
15
93
’
1,200
119-^114*4
"59*8
23 *3
53
22*4 June
7.550
94,850
117H»
59*9
Feb. 2 7
Sept. 12
3,712
i,66”
63
110*9
j uly 28! 25=8
Jan.
7
Feb.
Feb. 15
36 -3 M;i r. 22
40
July 25
50
Sept. 14
92
Jau. 16
k>
prices bid and asked—no sale
"
65*4
135*4
S-pt.15 80 *3 96*9
Sept. 8 60
84*8
Sept.23 164 *4 190
16
pref
are the
9; 317a
24
81 60
9 54%
J ill v 22'
Mai-.
146*9
57*9
30*4
2
16
159 76
4 8 7a
Excelsior Mining
Theoe
Feb. 17 133
June
106
Aug. 15
Sept. 7
5,700
5,200
92 -2
141*4 141*4
95Ha 95*2
39Ha
+8^
A ug 24 i
121
1
18*2'
21
87*4
60 *3
8
3*50**
8
200
456
400
200
100
88
21
33
64
Sept.23
42*3 Aug.
200
*18
*13
Quicksilver Mining
12
60
1 65
25
51
200
41-2
113^4
60
Aug. 4 97*4 126
J line 3; 23*3 Jan. la
18
37*9
J all. 3()| 98*4 Sept.25
83
64
200
J uly 281
9
May
—..,190
J uno «»; 39*4 July 26
57*4
27*4
-ti Mar. 111 67 Hi J an.
74*4
142
June 27; 139
Sept.
20
20-2 20 Ha
11 1*4 112 V 111 *2 112
00 '2 01
00 -2 0 1 *4
‘21 Hi
24*2 25 !
23*4
Mar.
90 =4 Mar.
60,90.)
|
“
“
85,032
i
47
89
42 *.>
01*4 01
*99*2 101
>ft
iio»4 iii*; i’lOHa i'l2” iio"*; in”*; ivi*; i*n**;
111*8 113
3 l *8
08 *4
43
02
92
67
51 *4
168
2.0 Hi
13
44 *4
31
115
6nion Tel., ex-certilic’s..
outro
*
20*8
112*2 113*4
01*8 01*4
25*4 2 5 Ha
9l*a
95*f
327,
131
Sept.il
28*4 Mar.
66*4 Feb. 231100*8
11 =8 J uno 7 i 25 =8
27
Feb. 23; 42
.
””””
American
no
02 *4
*48” "46"
.
Virginia Midland
113
02
77
Feb. 25
147*9
U8»s
142
Jan. 18
Feb.
140
136
101*4
2
26*8 Mar. 11
9,310
27 7b 1
97 *2
64*8
92*4 July 24
27
86=a Apr. 21 112*3 Sept. 12
100
45
50's
02*8
7
Jan.
7 140
J uly
B’eb.
Juno 29 104
21 78 Jan.
June 7
53.450
1.100
03*4
65Ha Iuue
367,
156
182*9
129*4
109*9
68*4
July 15
54,100
”ioo
Pittsburg Ft. Wayne A Chic...
Rich.A Ailegh.,st’ek trust otts.
59
1027(1
33 78
48*4
88
51
Aug. 30
Aug. 19
9
59
2,130
50 '2
92*4
1
12
June 6
35*4 Jan. 21
119*4 Mar. 13; 128 Aug. 14
52 Hi June 5 87*3 Jan. 14
40,695 123=8 May 1 138
Aug. 4
11,620 i 10*3 May 25 17=8 Aug. 30
7,025 i 27
May 271 37=8Aug.30
0 1 100
May 15! 109 *3 Jan. 27
185,720
33 *4 J uno 7! 43 =H Sept. 12
2
97 *8
Aug. 11
Mar.
8,100
300
410
10.000
10 4
27 *4
97*8Jul5r28
27 July 22
41 Hi Sept. 15
9 29
Sept. 15
11 145 Hi A ug. 10
5| 141
Aug. 9
4 128 *4 Sept. 9 101 Hi
14 144*4Sept 8:116*4
4! 150*4 Sept. 12 117
10|175 Aug.16 131*®
8,100
1,400
55
33
40*9
45
112
97 *2 Feb. 20
44*4 Juno 7 82*8
81 *4 July 6 92
77
Apr. 18 105
41*4 Mar. 11 58*4
19
Mar. 6
36*4
47,535
59*2 01*4
133*8 134*8
15
15*8
32*4 33
”42.”
27
1,121
100
*33** *34**;
59
01
133
133*4
14 7ft 15*8
32*4
700
*23*6
87 Ha 87 *2
100
1627ft
July2t
37*4 Jan. 4
16
8
Juno 12
Jan. 14
26 *3 Jan. 18
15 >3 Juno 7
68
May 12 81*8 Sopt.14
16
Jan. 18
8
Feb. 15
Feb.
47
8
Sept. 4 110
9
76
Mar. 2 111 *4 J an.
61
Mar. 11
92*3 July 25
127*4 Jan. 4 143 Hi Sept. 11
49 Hi Sept. 15
36
Mar. 8
19 =g J uly 25
12
June 17
23 *3 June 12 45
July 26
98
June 6 120 'a Mar. 30
49 *3 Feb. 24 65
Sept. 15
61
June 10 100*4 Jail.
3
78
57
Juno 5
Sept. 20
43
Apr. 21 60*8 Feb. 11
89
Aug. 19 98 *3 Jan. 28
Mar. 30
19
Sept.28 37
8
May 1 15 Hi J an. 16
9 Hi Jan.
4
A pr. 11
3
*
50
90
90
30
Feb.
High
71*9
2
G8% Sept.27
7
116*4 Apr. 24 150*4 Sept. 12
52*8 Mar. 14 74=8 Jan. 20
82
Apr. 15 96 Ha Aug. 3
3,i*0*6
*26" 22*'
Apr.
133
61
6
900
100
200
943
300
Jan.
44
14.078
199,800
158,480
17
85% Feb.
125Ha Apr.- IS 140*4
68
Mar. 8 84
29*4 Feb. 23 55 Hj
97*3 Feb. 24 114*8
900
5,700
Mar.
tl27 July
104 Hi Jan.
54,245
24,882
To” "16*
83*2
38 Ha
Philadelphia A Reading
S&'go™,801'
21
150
93
10
34 Hi Sept. 15
95 Ha Sept. 4
sept. 9
80 *2
Feb. 23
1127 *3 Mar.
1,450
140*4 143*4
50 7g 59
5
Low.
19*3 Mar. 9
27*4 Apr. IS
*138 Ha 140
17*4
,
Panama, Trust Co. certificates
.
80
500
137
5.225
135
(U*4 June
2.400
1,430
1 10
prei
Pacific Mail
33,843
22,007
135Ha
95 7ft
Peoria Decatur A Evans villa..
Tunnel
91*4
24*4
23
pref
WauashSt. Louis
08,700
2*30*6
78*8
Highest.
27 Ha Sept. S
84 *4 J line 10
00
Jan.
0
07
June 10
44
Feb. 23
15
Feb. 18
27
July 19
520
105
no
*
Oregon A Traus-ContiueutaL.
c
80
00 7g
70
140
90
84
139Ha 140*2
40*4 47Ha
Lowest.
39,512
6,403
50,475
1.400
21,930
1,335
80
89 Ha
84
Nashville Chattanooga A St. L.
00‘a 02*4
133*2 134-8
New York Central A Hudson. 133*4 134
15*2
New York Chic. A St. Louis..={
15*4 15 *2 15
Do
pref. I 33*4 34
33*4 31*2
*105
no
110
New York Elevated
*105
New York Lake Erie A West.
42*4
42*8 -13*4
Do
87
87 Hi
pref.
80
New York A New England—
New York New tl.ueuA Hart.
New York Ontario ec Western.
Norfolk A Western
Do
.pref
Northern Pacitie
r
31
80
00 *8
For Full
Range Since Jan. 1, 1882. Year 1881
Shares.
52
Mobile A Ohio
Morris A Essex
&•
Sales of
the Week,
131*4 132 Ha 131*4 132*4
108*4 109*4 108=8 109*8
124Hi 124=8 124
121*4
14 5 Ha 14 0 *4 145=8 140*8
105
105*4 104 Ha 105
17
,
Do
Ohio Southern
92 *4
25
39 *4
91*8
25
-
Ohio Central
Oluo A .Mississippi
33*8
78*4
"94 * 10*;
Long Island
71*4 73*4
7078 72*8
Louisville A Nashville
73
70
74
70
Louisville New Albany A Chic
50
*50
51
Ha
Manhattan
*88 Ha
*88 Ha
Dc
1st pref
20 Ha 20 Ha
22
20*4 20*4
Manhattan Beach Co
Marietta A Cincinnati, 1st pref.
0 Ha
0 Ha
Do
2d pref.
59 *2 00
58*2 59
59*4 60
Memphis A Charleston
*85
*85
87
Ha
Metropolitan Elevated
103
Ha 105
103*8 104 7ft ioi*4 103*;
jttiehigau Central
55
55
55 Ha
55*2
54Ha 55*4
Milwaukee L. Sli.A West., pref
33 *8 34 *4
33 7^ 34 *4
32 7ft 33*8
Minneapolis A St. Louis
75
73 *8 74 Ha
Do
72*2 72 78
pref.. 73
89 Ha 40 7a
33*4 40*4
38*4 39*2
Missouri Kansas A Texas
107*4 103*4 107*2 no
107*8 108*2
Missouri Pacitie
Do
78
’
17 Ha
*48
*87 Ha
84
47*4
*9
54*2
82*4 83
*136*2 140
'138H; 140
8 Ha 10 Ha
145 k 147 Ha
00
01*4
PRICES.
100
100*8
130
130 Hi1 135 *8 130 *4
*80
82
| -SO
50 7ft 51*4
51 Ha 52*8
111
110*4
Ha 110*4 111*4
"5‘i” ”53*8 "51*8 *52*4
50
*
pref....
30*8
34 Ha
81
33 k
73*.i
83 Ha
10 Ha 11 *4
<fe lud. C entral
Delaware Lackawanna A West- 144*4 147
59*8 01 '-*8
Denver A Rio Grande
Dubuque A Sioux City.
10 Ha ’ 10 Ha
Do
30’a
65 Ha
'‘Hi;
o
Columbus Chic.
Hannibal A St. Joseph.........
33
34 H3
60 *4
34 Hi
80 78
33
Cleveland A Pittsburg guar...
Columbia & Greenville,pref...
Va. & Ga —
nref.
Evansvil.e A Terre Haute ....
Wieen Bay W in. & St. Paul —
Tuesday,
Sept. 26.
LOWEST
33
38*4 38*4
38*4
*2 6 Ha 27 Ha *26 Ha 27 Ha *20 Ha 2 7 Ha
*20 *2 27*2,
140
140
140
*140
141 Hi1
141%
133 Hi 134*
134 l8 134 *4 132
133*4 132 Hi 133*4!
103
109
110*ft
109% 110*4 109Ha 111
‘y 110 V
125
125 Ha! 125*4 125*4 124 Ha 124 Ha 124 Ha 125
|
14 5 Ha 14 0 Ha 140
147
140*4 148
140*4 148
o
East Tennessee
Do
AND
"82”
66*4
asS^SewJer^:::::::::
Central Pacific....
Chesapeake A Ohio.
31 Ha
34 *a
32%
82
cSSar FaUs ^Minnesota
Chicago& Alton
Chicago Burlington
Chicago Milwaukee
Monday,
Sept. 25.
Saturday,
Sept. ‘J3.
II»II.KOAl>!».
do
36?
PRICES AT THE N. Y. STOCK EXCHANGE FOR THE WEEK, AND SINCE JAN. 1, 1882.
KANGK IN
Do
CHRONICLE.
14*4 Jau. 14
62*4 Jan. 19
19*4 Apr. 5
37*4 J uly 13
1=8 Jau.
4
6*4 Feb. 3
2 7ft A pr. 4
23
Sept. 15
4
Jan.
2 *4 J an.
1
Ci
K\»h.
23^
a
it
1254
THE CHRONICLE
368
[Voi. XXXV.
QUOTATIONS OP STATE AND RAILROAD BONDS AND MISCELLANEOUS SECURITIES.
STATE
Alabama-
funded, 1899-1900
L. Rock & Ft. 8. iss.
Merup.A L.Rock RR
L. R.P.B.&N.O. RR
Miss. O. A R. R. RR.
7s, Arkansas Cent. RR.
Connecticut—6s, 1883-4..
Georgia—6s, 1886
7s, new, 1&86
7s, endorsed, 1886
7s, gold, 1890
32
26
29
27
25
..
36
31
31
13*
6
103
104
105
105
114
107*3
71
150
130
130
10
10
15
15
4 Vj
coup,
coup.
115
118
109
109
Special tax,class 1, ’9S-91
Do
Do
Consol. 4s,
Small
Ohio—
6s, Act Mar. 23, 1869 >
nou-fundable, 1888. (
6s,
51
>2
511.J 52 V,
r> 114
60 <8 6Q*V
...
Gs,
6s,
Gs,
Gs,
Gs,
Gs,
8*2
78
35
1866.
1867
consol, bonds
35
35
82
ex-matured
59
now,
new,
coupon.
consol., 2d aeries
deferred
109^
Small bonds
Registered
113
-Funding 5s, 1899
Do
Do
small
registered
BONDS.
Minn.&St.
115 V
L.—1st,7s,1927
Richnv& Danv.—Cont.—
76 V
mv
K&lilOiltt
2d
liOllUH#
18a5
7s
•
...
1st,cons.,guar.7s, 1906
Reus. &
(Stock ExchatiQt rnces.)
100
105
112
in
101 v 102 V
2d, 7s, 1891
S’thw.Ext,—lsr.7s,1910
Pac. Ext.—1st, 6s, 1921
1
......
Bar.—1st, coup
......
1st consol., 7s,
Doll V•
DU1IU1
$3 X U11U) U
|
A U a. x
1st, 08,1910
Balt.&O.—1st,6s, Prk.Br.
Boat. Hartf. & E.—1st, 7s
110
55
o7
......
3d
86
52 V
52^4
*101
120
Y*272i
103 V
114
121
Keo. & Des
M.—Is, g.,5s
Central of N. J.—1st, ’90.
1st consol., assented,’99
Conv., assented, 1902..
Adjustment, 7s, 1903...
Leh.A W B.—Con.g’d.as
Am.D’ki'fc Im.—5s, 1921
C.M.& St.P.—1st, 8s, P.D.
2d, 7 3-10, P. D., 1898..
Mobile .t- Ohio—New,
6s.
Collat. Trust,
6s, 1392..
Morgan’s La.& T.—1st, 6s
Nash.Chat.&St. L.—1st,7s
<M
7s
1883
-
103 V 105
.
8u 'e
87 V
84 *8
*86
*125 V 123
95
99
.-
124
iio
1st, consol. 7s,1897..
2d. 1907
115*4
gold, 5s
j'i'l
100
—
1st, Ter’l Tr., 6s, 1920..
1st Miu’l Div Gs, 1921.
....
......
*
Panama—s.f. sub.Gs, 1910
Peoria Dec.A Ev.—1st, Gs
Evans.Div., lst.Gs, 1920
Pac. Railroads.—
Cent. Pac.—G., 6s
San Joaquin Branch.
Cal. & Oregon—1st, 6s
State Aid bds, 7s, ’84
Land grant bonds, 6s.
West. Pac.—Bonds, 6s
So. Pac. of Cal.—1st, 6s
Union Pacific—1st, 6s..
Laud grants, 7s, ’87-9
Registered 8s, 1393
Kans.Pae.—1st, 6s,’95
1st, 6s, 1896
Den.Div.,6s,as’d, ’99
1st consol..'6s. 1919
C.Br.U P
Fc 7s,‘95
......
..
....
.
.
.
......
......
......
......
106
120
2d, 7s, 1907
Mil.&Mad.—1st,Gs, 1905
C.C.C.&Ind’s—1st, 7s, s.L *123
120
Consol. .7s, 1914
123
114
V
S.&N.Ala.—S.f.,6s,1910
106
11*4
C.St-P.M.AO.—Consol.,6s
C.St.P.&M.-1st,Gs, 1918
Wis.—1st, 6s, 1930.
St.P.&S.C.—1st,6s,1919
Chic.&E.Ill.—lst,s.f.,cur.
Col.& Green.—lst,6s, 1916
2d, 6s, 1926
No.
iii
I’ensac’laDiv.—Gs, 1920
100
St.L. Div.—1st, Gs, 1921
50
2d, 3s, 1980
Naahv. & Dec.—1st, 7s. *121
.
Leban’n- Knox—Ga. 1931
Louisv. C.& L.—6s, 1931
L. EiieA W.—1st,68,1919
......
v 113
100
Sandusky Div., 6s, 1919
Laf.B1.& M.—1st, 6s, 1919
Louisv.N. Alb.&C.—lst.Gs
ManhaLB’ch Co.—7s,1909
......
83
Del. L.& W.—7s, conv. ’92
127
115
-
1st
Mich.Cent —Con. ,7s, 1902
......
......
.
101
......
102
103
.
.
.
i
99 V
87
27
99
90
Coupon, 5s, 1931
■«
104
Sag.—Gs,’91
No.- 1st,4-5-Gs,1910
1
......
95
Registered, 5s, 1931
Jaek.Lan.A
Mil. v
Mil. L.S.&W.—lst,6s,1921
are latest
*95
101
102
Income & I'd gr., reg.
1 st, RioG. Di v.,6s, 1930
Pennsylvania RR.—
Pa.Co's guar. 4 Vs, 1st
Registered, 1921
Detroit Div.—6s. 1921..
Cairo I)iv.—5s. 1931'...
*95
Wabash—M. 7s, 1909...
Tol.A W.—1st,ext., 7s *107
...
......
91
85
St. L.K.C.fcN.—It.e.7s
Ora. Div.—1st, 7s. .. *112
Clar’da Br.—6s, 1919
St. Chas.Br.—1st, 6s
No. Missouri—1st, 7s
93
106
104
8*5
6s, 1918.
Alleg’v Cent.—Tnc., 1912.
At!. & Pac.—Inc., 1910
«r.
Af
P
1.
(T
inf.
70
0a
■
80
TT
Til
Trio
R1
A Al* L LI J
•
Lv
VVrA«4t
• f
Lobt
..
T
rip
v
•
At/
51*
93 V
pref. debentures
4th pref. debentures—
N.Y. Lake E.&W.—Inc.Gs
*
35
k
70
51V
N.Y.P.&O.—lstiuc.ac.5-7
Ohio Cent.—Income, 1920
144
-
i
[1
..2...!
120
|
iii
j
liov-
Small:
Peoria I). A Ev.— 1 uc.,1920
Evansv. Div.—Inc.,1920
Roch.A Pitts. —inc., 1921
Rome W. A Og.—Inc., 7s.
So. Car. Rv.— 1 nc.,6s,1931
St. Louis L Mr. A So.—
1st, 7s, pref., int. accum.
2d, 6<. int. acc’mulative
.
.
.
Davton Div.—6s, 1910..
Tex. ASt.L.-L.g.,inc. 1920
•
.
• •
56
50
46
•
..•••
47 V
42
43
80
*
.
mmw
*50
40
40
78
75
49V
70
St’gl .Altv.-Ser. B..inc.’94
Plain incomes 6s, 1SJ6.
St. L. A.A T. 14.—Div. bds
Tol. Del. A B.--inc.,6s, 1910
56V
......
K
......
...«•#
Sterling 5tt. 1L-/.—I nc.,'9.5
75
lot;
86
loo
•
30
Ogdens. A L.C.—Inc.,1920
133
•
•
#f
31
Min’l Div'.—Iuc.7s, 1921
Ohio So —2d inc., 6s, 1921
136
»
......
80
51
43
Laf.Bl.AMun.—Inc.7s,’99 ,"40
81V
Mil. L. S. A W.— Incomes
75
Mob. A O.—1st prf. deben.
ir
3d pref. debentures
.
27
1010
Lllv/«j 1
.
43
•.»*<•
Leh. A Wilkesb. Coal—’83
Lake E. A W.-Inc. 7s, ’99
Saml’kv Div.—Inc.,1920
2d
.
23
Consol. Inc., 6s. 1921...
Ind’s Dec.A Spr’d--2d inc.
Trust Co. certificateJ
Int. A Gt. North.—2d iiu..
!
74
■
43
El. C.& No.—2d inc., 1970
G. Bay W.& St.P.—2d, inc.
G3 V
83
j
4934
......
70
V
33
87
*83
1007
Tml
•..«••
......
DesM.&Ft.D.—lst,inc.,6s
ioi
Det. Mack. & Marq.—Inc.
104 V E.T. V.&Ga.-rnc.,63,1931
125
78
Ia.—Coup. <leh. ett's.
Cent.
A!r
*136
113V
100
......
Col. C. & I. C.—Inc. 7.% ’90
Ph
^
106 V
A
Central of N. J.—1903
......
.
105
ibsv
..
.....
.
03
/...•
.
108
77
Ala. Cent.—Inc.
......
95 V
103
106 V
INCOME BONDS.
....
.
.
*
......
.
82 V
97
113
West. Uu. Tel.—1900, op. *118 V
118 V
1900, reg
N. W. Telegraph—7s, 1901
!••••••
115»4 116
113
114
118 V
118
107
110
in
10.)
no
109
108
104
828*
90
......
106 V
109
92 V
62 V
85 V
90
109 V
89 V
Mut.Un. T.— s.F.,6s,1911
Spring Val. W.W.—ist.Os
113 V! Oregon RR. & N.—1st, Gs
106 V 106 V'
i'05
67*4
86V
i
r.
nii»
7*4 ’8b
101V
2d, ext., 7s, 1893
Equip* o’nds, 7s, 1883
Consol.,conv., 7s, 1907 *ibo
Gt, West.—1st, 7s, ’83 *100
103*4
2d, 7s, 1893
Q. & T.—1st, 7s, 1890.
...
......
......
60
80
83
87
......
125
Ill
Clev.A Pitts. —Cons. s.L *126
4tli, sink, fd., 6s, 1892 -103
Col.C.A l.C. — Ist.eousoj 120
2d consol., 7s, 1909...
lst.Ti ’st Uo.ctfs.,a.ss’d 115
2d. Tr’st Co.ctls.,ass’d
1st, Tr’t Co.ctfs.suppi. 115
St. L. V.&T. II.—1st,g.,7s *114
*110
2d, 7s, 1898
2d, guar., 7s, 1898
Pitts.B.& B. —lst.Gs, 1911
Romo W.& Og.— Con., 1st
74 7s
Roch.it Pitt.-lst.6s 1921 *105
Rich. & Al.—1st, 7s, 19^0
83
Rich.A Danv.—Cons.g.,6s
9J7e
■
quotations made tins week.
c.
......
Iud’polis Div.—Gs. 1921
......
Pitt.C.A St.L.—1st c.,7s
1st reg., 7s, 1900
2d, 7s, 1912
3d, 7s, 1912
Equipm’t bds., 8s, 1888
|
92
103
10
104
1
91 v!
102 V1
-
So. Pac. of Mo.—1st.. *102
Tex.&Pac.—1st,6s,1905
Consol., 6s, 1905
Pitts. Ft. W. & Ch.—1st
.
*
56
115
.
2d, 7s, 1913
......
6s. 1909
i
Friday—these
.
102
98
103
104
.......
1st, 8s, 1832, sink’g Li.
.....
116
118
129
A
2d, bs, 1899
......
.
......
Metron’ 1 it’n El.—1 st, 1908
139-'4
2d, 7s, 1891
Bonds, 7s, 1900
7s of 1871, 1901
-123
125
1st, consol., guar., 7s. 125
Del. & II.—1st, 7s, 1881.. *105 V 107 V
115
,ext. ,7s, 1891
Coup., 7s, 1891
1st, Pa. Div.,ep.,7s,1917 ,*126
Pa. Div., reg., 7s, 1917
.....
1st, sterling
13 J
*113
1301...
......
......
Y.&M.B’h—lst,7s,’97
Marietta & Cin.—1st, 7s.
131
......
......
N.
Mortgage 7s, 1907
No pr*co
.
......
...
......
104
*100
Mo. Pac.—1st cons., 6s.
101V 102 V
112 V
3d 7s 1906
Paciiic of Mo.—1st, Gs 105 V 105V
113
2d, 7s, 1891
100 V
St-L.A S.F.—2d,6s, cl.A
90
90
1st, 6s, PeirceC. & 0.
Equipment, 7s, 1895.
-.-.•■a
......
1st, Davt. Div., 6s, 1910
1st, Ter’l trust., 6s, 1910
Va. Mid.—M. ine., 6s, 1927
Wab. St.L.& P.—Gen’l, 6s
Chic. Div.—5s, 1910
Hav. Div.—6s, 1910
Tol. P.&W.—lst.7s, 1917
Iowa Div.—6s, 1921
:o5v'
104
So.—Gen., 7s,1909
Exten., 1st, 7s, 1909
»
111
112 V 113
103 V 109
....
Ut.
......
99 V
124
*102 V 1023.
92 " 95*
2d, Gs, 1931
198
109
To x. Cen.—1 st, s. f. .7 s, 1909
106 V
1st mort., 7s, 1911
75
Tol. Dol.& Bur.—Main. 6s
......
.
100
_i at 0* 1 inti
x t. n
p
90
90
At. J. Co.&W.—1st, 6s
Oreir.Short L.—1st, 6s *100
.
......
..
Collateral trust, 6s...
......
Winona& St. Pet’r—1st
......
847a
117
......
Min’s Uu.—1st,6s, 1922
St. P. & Dal.—1st, 5s,1931
,
J
......
—
S. Ill.—1st
110V
*
120
81
liov IIII4
2d. 6s 1909
Dakota Ext.—6s, 1910..
116 V Oreg’nA Cal.—lst.Gs, 1921
Dub. A Sioux City, 1st.
Dub. & S c., 2d Div., 7s 113
Ced. F. & Minn.—1st, 7s
Ind. Bl. & W.—lstprf.,7s *116
90
1st, 4-5-63, 1909
128
Belleville &
1st. 7s. reg., 1900 .... 130
N.Y. Elov’d—1st. 7s. 1900 *116 V 117
113
lUO1!
4Don & T. II.—1st.
2d, pref., 7s, 189 4
2d, income, 7s, 1894
116 V
133
N.Y.C. & it. — 1st, coup.
*132 V 133 V
1st, reg., 1903
103
Iluds. 1L—7s,2d, B.f., ’85 107
93 V 94
Can’daSo.—1st, int. guar
Harlem—1st, 7s, coup.. 130
102
102
C.St.L.&N.O.-Ten. 1..7s
......
*
c
78
107^ 108
102*4 103
102V 203
Gs, 1887
.'.
Ill. Cent —Sp.Div.—Cp.6s
Middle Div.--Reg. 5s..
a3U
SO 4
St. L
10(11
Gs, real estate, 1883
Gs, subscription, 1883..
101
108 V
2d, Waco & N., 8s, 1915
General, 6s, 1921
103
116V
iio
110 V
109
104 V 106
103
0-4
95
n i a.
102
$ g., R. D.. 1902
124 V 126
let, LaC. Div., 1893
*124** 127
75
1st, I. & M., 1897
2d, 4-5-6s, 1909
*124 *2
95 V
East’n Div.—6s, 1921...
1st, I. & D., 1899
*124
*103
1st, C. & M., 1903
IndiaDip.D.&Spr.—1st,7s
124
125
60
‘*<1 5s 1911
Consol. 7a 1905
*102
Int.& Gt.No.—1st,6s,gold 105 V
2d, 7s, D. 84
32
1st. 7s. I &D. Ext,, 1908 124 *2 126 V
Coupon, Gs, 1909
S. W. Dir., 1st, 6s, 1909 *108 V
Kont’kv Cen.—M. Gs, 1911
94
let. 5s, La. & Dav., 1919
Lake Shore & Mich. So.—
lBtS.Miiin.Div.,0s,19i0 107
Mich.S.A N.I.—S.fd.,7s 107 V
120
1st. H. & D., 7s, 1910
Cleve. & Tol.—Sink. fd. *106
109
Ch. & Pac. Div., 6s, 1910 *103
109
letChic. & P. W.,68,1921
9234 93
Min’l Pt. Div., os, 1910
917e! Buff. & Erie—New bds. 122
C.& L.Sap.Div.,5s, 1921
Kal. & W. Pigeon—1st. *100
1
C. & N’weBt.—S. fd. 7s, ’85 *107
Det.M.&T.—1st,7s,1906 119
103
Interest bonds, 7s, 1833
Lake Shore—Div. bonds 121
128
Consol, bonds, 7s, 1915. 133 *2 135
Consol., coup., 1st, 7s 126
Extens’n bonds, 7s, ’85
*124
let, 78,1885—.....— 107
Consol., coup., 2d, 7s. *125
Coupon, gold, 7s, 1902.. 125 *2 126
Consol., reg., 2d, 7s... 125
124 V.
121
Longlsl. R.—1st, 7s,1898 118
Reg., gold, 7s, 1002
★
113
1st consol. 5s, 1931
*98*4 93 V
Sinking fund, bs, 1929
119 *
Sinking fundj reg
100 v 101 v
Sinking fund, 5s71929
2d, 7s, gold, 1883
'. 102 V !!!!.
fund,
reg
Ceeilian
Sinking
Br’ch—7s, 1907 105
95
Iowa Midland—1st, 8s.
N.O.&Mob.—lst,Gsl930
99
E.H. & N.—1st, Gs, 1919
Peninsula—1st, conv. 7s *130
93*4 94
Chicago & Mil.—1st, 7s 122
General, Gs, 1930
7
115
*95"
il3V 115
107
109
106 V ina
106 V 107
’
Cairo & Fulton—1st—
105
......
102
lsl, 7s,
Syr. Bing.&N. V.—lst,7w
Morris & Essex- 1st, 7 s
★
......
1919
1917
’Qrt
\Tn
.6-
N.Y.Pa.&O. —Pr.rii,6s.’95
100
50
N. Y. L. E.& W.-Ne w2d 6
N.Y.C.&X.-Gen.,0s, 1010
Trust 0 >. Receipts
2d, consol., fd. cp., 5s...
N.Y.A New Eug.—1st, 7s
Buf.&S. W.-M. 63,1908
95 V 96 V
Ev.& T.If.—let. cons.,6s.
1st, Gs. 1905
110
91 7e
N. Y.C.&St. L.-l st.Gs. i 921
FI’ t& P. M arq.—M. Gs, 192 0 *mmt
Nevada Cent.—1st, 6s
Gal. liar. & S. Ant.—1st,6s
103
>4
N. Pac.—G.l.g>-., 1 st,ep., Gs
2d, 7s, 1905
86
*83
*103"8
Gr’n BayW.&S.P.—1st,6s
Registered 6s, 1921
107
N.O.
Gulf.Col.& S. Ye—7s,1909
Pac.—1st,6s,g. 1920..
104 V 105
Nor f. & W. -G ’ 1.. 6s, 1931..
Han.& St.Jos.--8s, conv..
116
10334 10 4
110
Consolidated 7s, 1898.. *116
IIous.&T.C.—1st, l.gr.,7s. 109
106
107
124
2d consolidated 7s, 1911
1st, West. Liv., 7s
'110
1st, Springfield Div.. 7s *119*4
1st, Waco & N.,7s
123
125
91V
Ohio Central—lst.Gs, 19 JO
2d consol., main line, 8s
130
R.Br’ge—Ist.s.f.Os
C.B.& Q.—8 p. c., 1st, ’83.
4s, 1921
C.R. I. &P.-Gs, cp.,
1 at.
,
Miss.
48,1922
*91
4tli, extended, 5s, 1920. 108
*110V
5til, 7s, 1883
1st cons., gold, 7s. 1920 *126 -2 127
1st cons., id. coup., 7s..
Reorg., 1st lian, 0.8,1903
Long Dock b ds, 7s, ’93. *11 o
Bun.N. Y &E.—lst.1916 130
115
107
Sinking fund, Gs. 1903.
La. & Mo. Riv.—1st, 7s
2d, 7s, 1900
St. L. Jack. & Chic.—1st
1st, guar. (501),7s,’94 *115
*115
2d (360), 7s, 1898
2d, guar. (183), 7s, ’98 *115
5s. sinking fund, 1901..
Ia. Div.—S. F.. 58,1919.
113
..
,
Char. Col. & Aug.—1st, 7s *104
k
Chea.A Oino—Pur. m’y fd.
6s, gold, series A, 1908.
7s
*
ir
.
(0's
*
2d, 7s, 1897
86 V 88
105 V 106
67
107
109
Cons., 7s, 1901-5-6
Erie—1st, extended, 7s... 126 *4 130
*10 7 “2 103 V
2d, extended 5s, 1919
110
7s, 1883
AO bjUO
1st 6s 1920
Eliz. Lex. & Big 3.—6s...
C.Ran. la. F.&N.—1st,6s 'lu2
If t, 6s, 1921
6s, gold, series B, 1903.
6s, ourreucy, 1918
Mortgage os, 1911
102
OUj 1 o*
Ij.
99
102 Vr*
94 V
75
113 V
72
—
E.T. Va.& G.—1st, 78,1900
1st cons., 5s, 1930
Divisional 5s, 1930
-
100*4
Mlnn&Ht.Ti.—lst,7s,gu 120
IowaC. & West.—1st, 7s *105
S. F. 4 s,
06 I
93
Guaranteed
Income
«
IR31. .A! itC. 06
-
Atl & Pac
Chicago & Alton—1st,
Jr
1910
Atl.& Ch —1st, p ,7a,’97
Scioto Val.—1st, cons., 7s
St. L. & Iron Mt.—1st, 7s
Missouri Kan. & Tex.—
113 V
100
Alleg’y Cen.—1st, 6 s, 1922
13 V
3-658, 1924
107*-
68, coupon, 1893-99
*108
*12 4
60V
50
13
District of Columbia—
6s, 1886
Del. & JL—Contiu’d—
new,
Virginia—Gs, old
6
Rhode Island-
RAILROAD
102
1892-8-1900
Gs. new series, 1914
C’inp’mise,3-4-5-6s, 1912
8
8
75'
1910
Ask.
6*3
Brown cousol’u 6s, 1893
Tennessee— 6s, old, 1892-8
7
7
class 2
class 3
Bid.
South Carolina—
150
A.AO
Do
1868-1898
New bonds, J.&J., ’92-8
Do
A.&O
Chatham RR-
110
6s, loan, 1883
6s, loan, 1891
68, loan, 1892
6s, loan, 1893
ii7
69
05
.08 *2
SECURITIES.
32
32
30
off, J.&J.
off. A.&0.
Funding act, 1866-1900
108*2
do
Do
’87
New YorkGs, gold, reg., 1887
6s, gold, coup., 1887....
106
Louisiana—
7s, consol., 1914
7s, small
Do
Do
Do
101
107
107 V
6s, due 1882 or 1883 —
6s, due 1886
Gs, due 1887
6h, due 1888
6s, due 1889 or 1890....
Asyl’ra or Univ., due ’92
Funding, 1894-’95
Hannibal & St, Jo., ’86
a
6s,
7s,
7s,
7s,
7s,
115
Ask.
30
Carolina—6s, old, J.&J
6a, old, A.& O
No. Carolina RR., J.&J.
102
Missouri—
100
Bid.
SECURITIES.
N.
Michigan—
6s, 1883
7s, 1890
82
Ask.
Bid.
SECURITIES.
Ask.
81
80
97
81
3 to 6,1906. ..
3 to 6, small...
5s, 1906
Class C, 4s, 1906
6s, 10-20a, 1900
Class A,
Class A,
Class B,
A rlron
1
Bid.
SECURITIES.
BONDS.
60
20
*
25
September
THE
30, 1883. J
New York
CHRONICLE.
Local Securities.
({notations in Boston, Philadelphia and Baltimore.
Insurance Stock.List.
America*
100
100
100
25
25
100
100
25
100
25
100
100
100
100
25
25
100
100
100
100
80
50
75
100
100
25
••• • *
•••••• ■
Butehers’ & Drov’rs
Central
Chase
Chatham
Chemioal...
Citizens'
City
Commerce..
Continental....
Corn
East
Exchange*
River......
Eleventh Ward*,
Fifth...
Fifth Avenue*
First...
Fourth
Fulton
Gallatin
German
German
American*
Exchange*
Germania*.
Greenwich*
50
50
Bid.
...
,134
Bowery
Broadway
Brooklyn
260
130
185
Citizens’
City
Clinton
Columbia
Commercial
Continental
150% T5L
Eagle
Empire City
167
110
Exchange
Farragut
Firemen’s
Firemen’s Trust
Franklin & Erap....
German-American..
Germania
Globe..
...
Greenwich
Guardian
....
Hamilton
Hanover
Hoffman
Home
Howard
ias
50
100
100
25
25
100
50
50
100
100
Marine
Market
Mechanics’
..
Mechanics’ & Tr’drs’
Mercantile
Merchants’
Merchants’ Kxch’ge
Metropolis*
Metropolitan
Mount Morris*
100
100
100
100
100
100
70
30
25
50
100
25
20
50
100
100
100
100
100
100
100
100
40
50
100
50
100
Hill*
Nassau*
New York...
New York County...
N. Y. Nat’l Exch’ge.
Ninth
North America*
North Itiver*
Oriental*
Paclflo*
Park
People’s*
Phenix
Produce*
Republic
8t. Nicholas
Seventh Ward
Second
Shoe and Leather...
8ixth
State of New York..
Third
Tradesmen’s
Union
United States
Wall Street
West Side*
V...
Importers’ & Tr’d’rs
Irving
Jefferson
150
170
145
Kings County (Bkn.)
Lafayette (Br’klyn).
Lamar
Lenox
120
130
Long Island (B’klyn)
Lorillard
Manufac’rs’& Build.
Manhattan
Mech. & Traders’...
Mechanics’ (B’klyn).
Mercantile
Merchants’
93
t « •
126
145
MontaUk (Brooklyn)
Nassau (Brooklyn).
122
150
157
150
National
York Equitable
York Fire
York & Boston.
York City
Niagara
North Itiver
New
New
New
New
15 9%
Pacific
Park
Peter Cooper
People’s
Standard
Star
Sterling
115
Stuyvesant
150
ioo
90
117
80
105
110
180
110
no
250
120
140
75
145
85
70
55
145
180
83
50
100
25
50
25
100
100
25
50
50
50
50
50
1474
80
lf.0
90
85
00
153
210
87
107
73
so
105
05 "
115
103
70
75
100
50
105
00
180
no
05
105
110
150
1J0
140
95
5
60
175
100
ISO
120
100
no
142
03
75
no
374
35
100
100
100
50
25
25
75
140
!50
80
no
118
100
no
150
100
10
65
184
l(i6
195
125
ISO
120
140
75
S5
150
115
75
02
133
80
1.35
125
260
100
65
53
123
70
130
L20
22 J
25
25
10
50
Westchester
Williamsburg City
90
no
120
195
150
120
280
70
125
60
40
Tradesmen’s
United States
152
112
210
100
195
155
125
140
40
107
243
230
85
100
125
102
290
220
75
50
100
25
50
100
100
25
Relief
Republic
Rutgers’.
130
U7
105
ioo
175
170
140
115
130
100
20
50
50
Phenix
103
50
100
25
25
17
20
70
100
30
50
100
40
100
30
50
17
10
100
100
50
50
25
100
15
50
50
100
50
50
100
30
20
Knickerbocker
130
145
Ask.
City Railroad Stocks and Bonds.
•*0
Gas Companies.
Brooklyn Gas Light Co
Citlzens’Gas Co (Bklvn)
do
bonds
Harlem
Jersey City & Hoboken
Manhattan
Par.
.......
Metropolitan
do
..
bonds
Mutual, N. Y
Nassau, Brooklyn
do
scrip
New York
People’s (Brooklyn)
Bonds
2,000,000
1,200,000
1,C00
315,000
50 1,850.000
20
750,000
50 4,000,000
100 2,500,000
1,000
Bonds,
Var.
50
Central of New York
Williamsburg
do
bonds
Brooklyn
Metropolitan,
Municipal
„
25
20
100
25
Va'-.
100
10
„
Amount.
50
100
100
do
bonds
Fulton Municipal
_
ioo
Var.
Var.
A. & ().
F.&A.
J. & J.
J.& J.
VI.&S.
VP
A
5,000,000 Guar.
1,000,000 Var.
700,000 M.&N.
4,000,000 M.&N.
1,000,000 J. * J.
375,000 M.&N.
125,000 Var.
466,000 F.& A.
1,000,000 Quar.
1,000 1,000,000
,
Period
A.& O.
1,000,000 M.&N.
3,000,000
750,000 M. &N.
1,500.000
5
May.,, ’82 105
68
! 05
1H9S
7
3
Aug., »S2
93
^4 July. ’82 160
5
Aug., '32 220
0
Aug., •Hi? 175
Ask.
107
70
110
too
170
223
180
1 in
107
3
n* July, '82 104
3
£5
Sept.,
34 M-y, ’82 90
5
May, '89 117
34 Jan., *76 43
7
6
3
1054
57
95
1)8
40
107
90
85
60
104
105
1897
1900 &c
Aug., ’82
■4 Feb.. ’82
6
WOO
24 July, 82
4
Aug., *82
6
1868
85
75
55
101
70
180
....
•8d
110
105
70
...
....
ist
mortgage
Broadway &
Seventh av.—St’k
100
1,000
100
Brooklyn City—Stock
1st mortgage.
(Brooklyn)—Stock
1,000
..
Brooklyn Crosstown.—St’k...
1st mortgage bonds
^
Bushwick Av. (B’klyn)—Stock.
Central Pk. n. & E. Kiv.-istock
consolidated mort. bonds
Christopher & Tenth St.—Stock
100
100
1,000
100
100
1,000
100
900,000 J. & J.
094,000 J. & J.
2,100,000 Q -J.
1,500,000 J. & D.
2,000,000 Q -F.
300,000 M &N.
I.
200,000 Q
400,000 G—J.
300.000 Q-J.
500,000 J. & J.
—
1,800,000
1,200,000
650,0(0
Bonds....
250,000
1,000
bry Dock E.B.& Batt’rv—Stock
100 1,200,000
500&C
istmortgage, consolidated
900,000
Eighth Avenue-Stock
100 1,000,000
..
l^TOortgage
bt. & Grand St. Ferry—St’k
r]st
mortgage
central Cross Town—Stock
100
1,000
100
Houst.West St.& Pav.F’v—St’k
1st mortgage
Becond Avenue—Stook
Jd mortgage
uon80l. convertible
sixth
1,000
1,000
Too
500
100
1,000
203,000
748,000
236,000
600,000
200,00 1 \i. & N.
250,000
500,000 J & -1.
1,199,30) J. * J.
O.
150,000 A. *
9.
1,050,000 Vi.
'wvUOt 1/
Avenue—Stock
100
mortgage
1,000
imrd Avenue—Stock
1st mortgage
Twenty-third Street—Stock.
ist
mortgage
l
§ mki
100
.*!
1,000
Too
1.000
Q -J.
J. & D.
F. & A
J. & J.
Q -F.
J. & I).
-J.
& J.
M. & N.
A. & O.
750,000
\[ ^rV
A. & s.
I. & J.
%
7
2
7
JulY ’82
^
24
JTy.1900 107
Oct., *82:141
June ’84 ;o3
34 Aug., 82 215
7
6
6
102
no
200
170
112
145
144
119
1888
,
\s
5
7
5
7
500,000
2,000,000 Q -F.
2,060,000 J. A J.
600,00(4 F. A A. 4
250,000 M. & N. "^7
20
112
140
1C4
220
Get., ’82 190
Oct., *82 150
105
Oct., 82 135
0
Oct.. ’82 1424
Dec.1902 1174
7
24 Aug., ’82 100
D93
1(0
7
4
Aug., ’82 210
7
June, *93 115
3
Oct., ’•82 2i0
7
Aan.. ’81 100
0
May, ’82 240
7
Apr., ’93 110
70
7
NOV.1904 103
70
•J uly. ’94 i 05
7
4
Ju.y, ‘82 ! 70
7
Apr fS~) 103
7
Nov., 7s 107
7
6
..
p.Iar.,
July.
Aug.,
>
.
New
7s
...
110
•
•
•
119
....
110
180
i03>
205
li3
113
Aug., ’'■2 1484 : 51
May, ’93 110 1 115
116
114M
3TOCKS.
03 4 93%
174
175
Atchison & Topeka
Boston & Albany
Bo ton C in. & Fitch
Boston & Lowell
Boston & Maine
Boston & Providence
102
103
•
161
CheBnire preierred
Chic. & W. Michigan
Cin. Sandusky & Glev
do
pref
Gulf, pref
Hough. & Out
do
Nashua* Lowell
New York & New
..
Northern
Norwich & Worcester
Ogdensb. & L. Champlain
91
56J4
I
j
6914'
69
'COjJ
564
160
137
...
110
Portland Saco & Portsmoutn
1294130
Pullman Palace Gar....
Rutland, pref erred
Beach & Lyna
do
75*
P«ef
Williamsport.......
pref.
iio
do Pref-
£6
514
4i
33
663*
do
DuluthR.R. Coin
do
do
do
do
56 4
61
64
57
65
044
i 23
314
—
121%
Plttsb.* Conneii8V.7s,’9S,J fcJ'120
Northern Central t's, ’85, JA.Ij
6s, 19(E), A.*!). 117
do
do 6s, gld, 190 ), J.&J. ....
110%
Cen. (>hio 6s, 1st :n.,’90.M.& o.; b.8%; 109
...
....
W. Md.6s, 1st in.,gr.,’90,.j.&j
do
1st m., '.390, J. & J...
....
do 2d ra.,guar.f J. & J—I—
...
2d m., pref
do
Iu74 ....
do 2d m.,gr. by VV.Co.J* . .... j —
do 6s, 3d m.. guar., J.& J
1—
Mar. & Ctn. 7e. ’: 1. F. * A ... 12"4 128%
2d. M.&N
100 4101
do
8°. 3d. J. * J
do
56% i7
Lijhmond & Danv., gol 1, G?. — j....
Umuu
1st* guar., J. * J.. jll0 I. .^
11%
.
In default.
o
.
Id m. 68. ’d.'i.
id in. 6s, *s?.
do
101
Camaeu re A.ii f
do
6s. coup., ’?9
do
mort. 6(«. S:i. .;
.14
Cam. * Atl. 1st m 7s.
lia;- 113
*
8
u64
lu*u
lsts
1074 108
Inc
i
Balt. A Ohio 6s, 1835,A.*U.
! 1004
Columb a & Gree v. lets— I0O4
do
37
do
21s.
i 85
N. W. Va. 3d m.,guar.,’S5,J*J
(
1894
Allegheny Vai.,73-IDs, UiW... 12241123
do
78. E. ext.. 1910 i ;h
do
Inc. 7s, end., c.’91.
53 41.
ilelvldere Deia. <st m.,S«.ljU2 Dl “.iio
do
(Jam.* Burlington _.o.6s,'97.
Catawlssa 1st,7s, conv. cp.'-2
do
chat.-m., lbs,
Ut
bonds.
railroad
pref...
2d m. 0‘. 1901.
( om., iip, ;
200
Atlanta & Char,
railroad bonds.
.O
Par.l
100 19-J
1114
41
Lehigh Navigation
Pennsylvania
125
[••••
2d pref
do
Wash. Brancii. 100
do
do
Parkersb’g Br. .5u
i
50
31% Northern Central
Western Maryland
.7"
Central Ohio, common. ...50
Pittsbu g & Conneliiville...
IIO
Jersey* Atlantic
Schuylkill Navigation
6s,exempt,’3S.M.&S
RAILROAD 8TOCK8.
; Balt.* Ohio
ao
1st prtf
.
pref.
do
6s, park,1390,Q.—M.
6s, 1893, M. AS
do
68, 1900, Q —-J
68.1902, J. &J
51%
do
5s, 19i6, new
Norfolk water,8s...
United N. J. Companies
West Chester consol, pref....
West Jersey
West
■
06%
Nesquehonlnp Valley
Paul &
70
Baltimore 6s,
62%
Pennsylvania
Philadelphia* Erie.... ....
& Nor. istowu.
Phlia. New.own & N. Y
Pnlladelphla & Rearing
Philadelphia* Trenton
Phila.Wilming. & Baltimore.
Pitrsb. Cin. & St. Louis, coin,
90}
BALTIHOHE.
1S31, quarterly. 103
1074
do
68,1886, J.& J
do
6s, 1890, quarterly... 114% 115
53
Little Schuylkill
Uinehlll
Phi!a. Gem.
93
106}
Pbll.*R.Coal*lr’n deo.78.92*
do
deb. 7s. cps.ofi
do mort., 7s, 1892-4
pref
Norfo.k& Western.com..
pref.
do
do
90
do
2d m. 6s. reg., 1907
MISCELLANEOUS BONDS.
100
Penn. Co ,6s. reg
04
do
do 44iJ, reg.,1921
do
do
co >p., 1941
pref
Lehigh Valley.....
ot.
100
loi
Texas & Pac. 1st rn.,6s, g.,190fy
do
Rio Gr. D v.. 1330
0‘24
do
cons. m.,be,g.,1905
lnc.& 1. gr., <8 1915
do
95
Union & Tliusv. 1st m. 7s. ’9t.
United N. J. cons. m. 6s, *94..
Warren & F. 1st m.7s, '96
119
West Chester cons. 7s, ’91
West Jersey 6s, deb.,coup.,’b:»
US
do
1st ni. 6s, cp., ’96.
do
lstm.7s,’9y
do
cons. 68, 1909
W. Jersey & Ati. 1st »n 6s, cp.
Western Penn. RR. 6e,cp.’9i.
do
6s P. B.,’96
do
gen.rn.7s.cp., 190i
Pennsylvania 6s,coup., 191U..
214! Schuyik. Nav.lst 111.6s.rg.,’97.
Mt. Joy & Lancaster
Huntingdon & Broad Top..
do
Syra.Geu.* CornV,lei,Is,1^)5;
cons.m.7s,rg.,191!... 117
Gr’uw’d Tr. 7s, rg.,’93
Morris, boat loan, reg., ls>8 )..
do
1st pref
do
21 pref
Delaware & Bound Brook....
East Pennsylvania.....
do
1004
do
Catawlssa
do
Har. P.
100
conv.
do
Allegheny Valley.....
Elmira*
off, 1&93
874
1836
Lehigh Navlga. m.,bs, reg.,’81 1024
113
114
do mort. RR., rg . ’97—
13%
Buffalo Pitts. & Western....
do
Pref.
Camden & Atlantic.
do
1804
CANAL RONDS.
Ches. & Del., tat m.. 6s,
PHILADELPHIA.
railroad STOCKS.+
qo
cjud.
rcrip, 133i
uo
85
...
Old Colony............
1034
y'-.W
pref
England...
of N. Hampshire...
106
103
102
125
125
1
x
Maine central
Manchester & Lawrence —
1224
7s, ll. C., 1393*
do
7s, coup, off,’9:,
Phl!.Wilin.&Balt
,4s,Tr.cert:- 15
95
Pitts.Cin.*St. L. 7s, reg., :9o< 121
04
!
do
do
7s, cp.. 19 '< 120%
Pittsb. TitUHV. & B.,7s,cp..’W
R ch.& Danv.cons.lnt.6s,l9;5
1304 Shauiokm V.* Pottsv.Ts, law
Sunbury & Erie 1st 111.7s, ’97
Suub. iiaz. * W.,lst m.,5s,’2T
1244 !
do
2d m. 6s. ,933..
do
common
Iowa Falls & Sioux CUy
Rock
Llti .e
te Fort Smith ...
ilar.
do
ro
do
27,4
Concord
Connecticut River
Conn. * Passumpslc
Connctton Valley
Eastern (Mass.).
Eastern (New Hampshire)...
Fitchburg
Flint & Bere Marq
Fort Scott*
02
U0
12 24
123
....
MainL..
to
120
122
122
134
do
cons. m. 6s, cp., 1905.
do
do
5°, reg., 191)
Pa.&N.Y.C.* RK.78.i896.... 121
do
1906
108
Perkiomen 1st m. 6b,coup.,’87 i04
Phlia. * Erie 2d hi. 7s, cp.,'33 U84
do
cons. mort. 6s..920
po
do
5s,’.920 iob'
90
Phlia. Newt’n & N.Y.. 1st, ’9.
Phil.* R. 1st m.6s,ex.due 1910
121
do
2d m., <8, rp..‘.*3.
127
do
cons. m..7s,rg., 1911
127
do
do
ep.,UTl m
do cons.m.6s,g.iii‘ji9il
do lmp.m.,6-<,g„ (!. lssi
do gen. in. 6 . g., C.PO^
do In. m.,7s,coup.,'.896
do d.;b. coup., 1-93*
35
Kri'i
...
L/14
j"
....
.
j!
<in
t Per share.
117
’•
nton
iViJginla* Ten
j
3
103
.
Norf’k*We.^t.,gen. m.,6s.1:31
OH Creek, 1st 6s, coup., 1912..
II694 Pennsylv.,gen. in. 6s, rg., 1910
do
gen. m. 6s, cp.. 1910
do
cons.m. 6s, rg., 1905
93
'l04
do
115
80
KO
40
Old Colony, 7s
Old Colony,6s
114
Uueblo & Ark. Valley, 7s
99
Rutland 6s, 1st mort
\QW
£onora7s
T. Clan. ASt.L.,Lt 6?
do
Income,
do
Day’n D.
UO
>2 2T0
J 111 v. ’90 110
39
80
Inc.
do
04
..
1084
U4*>
107%
Pac. 7a...
Ggdensburg & L. Oh. con. 6 .
CANAL STOCKS.
112
•
Little Schuylkill, 1st m.7s,’.s2
N. O. Pac., let m„ 6s, 1920
North. Penn. 1st m. 6s, cp.,’35
do
2d m. 7a,cp., ’96.
do gen. m. 7s. reg., 190^
do gen. m. 7s, cp., 1903
do debenture6p,reg...
1U*«
801*
York & New Eng. 6s.... 1054 105 %
uo
lo7.»*
1074
115
160
do 2d m. 78, reg., 1910..
135
do
con. in., 6s,rg.,l92S 1314
121
do
do
6s, cp., 19e8
59
New Mexico & So.
.
I
\2 255
'MO
.
84
Cali omla Southern, 6a ..
110
H.astcrn, Mass., 4*8, new.
Fort Scott & Gulf 7s
Hartford & Erie 7s
K. Cltv Lawrence & So. 5s... 100
KaH. City, St. Jo.&O. B.7s.
Little R’k & Ft. Smith, 7s,1st
Mass Central. 68
Mexican Central, 7s
Atk.
...
8394
.
Northern Central
North Pennsylvania
[Quotations by H. L. Grant, Broker, 145 Broadway.]
Bleecker 8t.& Fult. Ferry-St’k
II14112
4024 103
5s
Worcester* Nashua
Bid.
24 July, ’82
..
Chicago Burl. &Qulucv D.Kx
Conn. * PuBBiimpslc,7s...
Connctton Valley. 6s
Wisconsin Central
*
..
Albany 7b
6a
do
Boston & Lowell 7a
do
6s
Boston & Providence 7s....
Burl. & Mo., land grant 7s..
do
Ex
Nebr.68
Nebr.6s
do
Nebr.ls,...
do
Revere
Date.
East Penn. 1st mort. 7p. ’S3
Easton * Ainboy, 5s, 1920
E1.& W’msport, 1st m., 6^, 1910
do
5s,perp
Harrisburg 1st mort tis, ’83..
H. & B. T. 1st m. 7s. gold, ’90.
10
cons. ra. 5s, 1395
Ithaca* Athens 1st g d. 7s.,'90
Junction 1st mort. 6s, ’82
do
2d mort. 6s, 1900
Lehigh Valley, lst,6s, reg., ’9'
do
1st. 6s. cp.. 1898
Boston A Maine 7s
do
Bid.
SECURITIES.
Catawlssa new 7s, 1900, r.4 cp 117
Chartlers Val., 1st m.7s.C.,l$>o:
Gonnectlng 6s. t p.. 1900-1004. 117
Delaware m..
904 Del. * Bound fls.reg.&cp.var i25
Br., tst, 7s. 1905
2d
BOSTON.
Topeka 1st m.7s
120
land grant7P
Atlunttc & racifl'h 6s
i o
Income
Tol. Cin. & Sr. Louis
Vermont & Massachusetts..
[Gas Quotations by Prentiss & Staples, Brokers, 11 Wall Street.]
Ask.
Uch. &
do
Boston a
American
American Exchange
100
Manhattan*
Gas and
7... 1180
100
100
Hanover....
Imp. and Traders’...
Irving
Island City*..........
Leather Manut’trs’.
Murray
Par.
Companies.
Bid.j Ask.
Am. Exchange
Bowery
Broadway....
Prick.
Par.
(*) are
National.
not
Street.]
PRICE.
Companies.
Marked thus
No. 7 Pine
Bid,
SECURITIES.
[Quotations by E. S. Bailey, Broker,
Bank Stock List.
3H9
do
s.
endorsed I
fs
88
;WP. & Weldon, gold, 7s
Wll.C. * A'i'..oi
).
..
101% 101%
'.... 120
,
lid
....
....
I HE
370
CHRONICLE
Railroad Earnings.—The latest railroad earnings and the
totals from January 1 to latest date are given below. The
statement includes’ the gross
which returns can be obtained.
Latest
earnings of all railroads from
K.CFtS
Week
1882.
1
Ala.GLSouthern August
91.422
$
497,381!
9,10!).6(i3i
3d wk Sept
2d wk Sept
59,773
8.637
$
473,017
7,403,479
557,302|
72,005)
52.595
425,815
1,53 4,443
25)2.618
1,894,315)1
677.730
14,877,789
1,948,01!)
5,092,143
10,986,905
1,116.078
1,058,487
1 1,526.15)0
1 4.8 1 7.90 8
2,65)7,518
83t-.7S6
1,289,240
1,422.146
,
...
2!»7.036
1,635.418
; 3,984.817
47,023
150,000'
Gal.Har.ASan A August
Grand Trunk.... •sept. 10
368,155
Gr.Bay W.Asr.P. 2d wk Sept!
GulfColASan.Ft August...'
8,600
138,701
51,183,
21,348
660,839
3d wk Sept
July.
j
August
i
\ugust
143,701
!
3d wk Sept |
2d wkSeptj
August
!
1st wk Sep!
L. Erie A West hi Id wk Sept
L. R. A Ft.STnith August
!
3d wk Sept
Long Island
LouiHV.A Nashv 3d wk Sept
Louis.N.A.A ch August
!
Mar. Hough.A U. JdwkSept!
Mexican Cent.. 3d wk Aug i
Mil. L.Sli.A Wesi 3d wkSept
Minn.A St. Louis 1st wk Aug
Mo. Kail. A Tex. -d wk Sept'
Missouri Paeitie. 2d wk Sent
Mobile A Ohio.
August
'
Metmpol. Eh-v.
N. Y. Elevated
2* dys
2* d vs
67,4541
70,245
97,550
33.005
35,13*
31,028 j
55.121 i
251,195'
16,5)07
222.16
667.4*8
.V ugus*
\\ k s ‘i>t
3 ! wk Sep.
•d wk Se-d
200,00-28,116
534,00.;
14,245
25,365
id wk Sept
408,938
4.() 10,1)8
-,
5,253.256
Philadelp.A F.in- August
Phila.A Keadiiii: August
L)o Coal A I r
Riehin.A Danv.
St. L. A It. A IMF
Do
(fuelis.,
St. L. Ft. S. A v\.
St.L.lron Mt. AS
St.L.ASan Fran
St. Paul A 1 ml..
St. P. Minn.A M
Scioto Valley...
1.16 4.56*
$So. P ie. Cal...
.
Do
So. I>iv.
So. Pac. of Ar..
So. Pac. ol N. M.
South Carolina
Texas A Pacific
Tol. Del. A Bun.
Union Pacific...
Utah Central
...
Vicksb’rgA Mer.
Va. Midland....
Wab.St.L.A Pac
West Jersey
Wisconsin Cent.
>d wk
Sept
1 st wk
Aug
July
June
i
.
June
4,617,0 3
71 1,025!
260,387 |
1.758.2203,156,600
6,9o7
**1.170
56 4,833!
14,289
2d wk Sept
3d wk Sept
22 d.vsSep.
1,304.020
03.984
100.904
77,208
17,482
2,637,067
..
Includes Gieat Western Road since October.
11-ess construction material carried.
|j Included in Central Pacific earnings above.
312.100
3,587,000
4.395.200
1.565.100
296.606
423,000
902.000
138.000
1.103.200
3.264.700
1.640.100
3.936.900
W. 146.0Q0
17,0i 9.800
42.500
278.200
N. York County..
4 erru’n Americ’n
Chase National..
Fifth Avenue..
German Exch.
Germania
.
IT. S. Nat.
Lincoln Nat
8,381.152
2,178,'•93
1,018,029
’525,989
4,84 1.079
2,198,284
470,000
3,095,571
295,874
419.606
“
“
“
“
44
1,188.116 09
1,603.236 60
2.).
26.1
1.5)67.33!) 51
T.413.869 22
27..
28
29.
1,109,474
1,263.674
909,588
1.707.2 44
1 Freight
earnings.
$ Northern Division.
' 2.107,807 1 1
3,295,079 36
1.137,308 16
1,1 6 1,53 4 44
Total
9.417,676 69
10,046,795 72!
90.3 it'
125.500
4,7-4,300
3,3b6.200
960,000
2,919,50u
701,460
138.100
234, OuO
15.9.10
1,079.906
5.12".4 00
1,447,900
l,136,7u0
171,000
889.808
SUO.OOO
1,125 j)jo
45,000
5,400
678.700
406,400
2,250,000
9.925,000
1.912.900
265,500
2,471 30(.
2,4 9.60C
448.500
4478)0
450,000
UOO
1.70i,40<
2.778,0.x
3.749.600
5.892.< 00
669^00
2,021.200
3.711.000
259.160
19.9 26.60)}
l, 22!. 500
26,278.900
1.340.100
1,453,500
857.706
45,0(0
221,2)0
809,91)0
17 188,800
8.546.000
3.593 0()0
312 0-0
90,000
600,000
5,669.3 i0
1.4.991 000
430.7X)
5.859.166
!. 128,600
269.700
220.300
1.691.600
2,( 33 6i)0
180, OC0
2.^67.800
5 4-3 3-10!
1 846 6 0
454.3 -<
io:.io-
157.700
210.501
48,1(>(
117,*500
951 800
2.585.100
7.680.600
3.180.700
541.8 ii
27.70 -
936.106
365 3-10
33 100
56.630
21.400
45,000
2.183.100
2.78*. 10(
3.396.400
1.751.300
854, mo
137.400i
232.800
306.200
.
2.600
517,000
3. 87.100
6.383.200
917.300
912.000
321.000
439.900
697.600
606.000
816,900
242, LOO
143.000
9V,800
1.705,3.-0!
1.858 ’."6:
5.62 5.7001
1,159,7-11 j
.
450,000
45,000
Coin.
Tile deviations from
returns of previous week are as follows -.
Dec.
$*81,760 | Net deposits
Dec. $4 435,000
Specie
Dec.
Legal tenders
Dec.
The
following
“
23
”
the totals for two weeks
are
86,940,673
87.304,61 1
86,497,745
88,896,254
87.5)69,555
88.007,284
$
00
5*
35
56
52
13
5,082.293 08
5 9 >2,716 17
5,817,333 87
5.125,44!) 07
4,669,875 86
4,207,920 97
20620)
:
,
Specie.
326,570,300
52,632,700
325,68*.600
51,018.500, 21,037.000 2'J-'.3SJ.3J0 1 8,63 7,400 950.932,831
Boston
1882
Sc; t .18..
25..
lue.
754.400 1
Loans.
$
1882.-
Sept. 16
1.614.260 j Circulation
L. lenders.
Deposits.
*
$
$
are
Loons.
$
Specie.
$
149,502.600
118,62! ,e00
6.110.200
3.232,300
$
91, 6-5.960
6,305,800
3,358,30)
90,15*.700
*
18,371.200 1010.034,2'5
the totals of the Boston banks
Deposits* Circulation. Agj. Clear
L. Tenders.
$
Circulation. Aju Clear
*
2t,‘'11.400 301.s24.300
Banks.—Following
*
$
68,0 ‘.<.715
74,176.236
30,278.806
30.118.0)0
Including the item “ due to other banks.”
=
Philadelphia Banks. —The totals of the Philadelphia baa’ss
-
follows:
Sept.18...
“
Circulation. Agrj. Clef.
Loans.
L. Tenders.
Deposits.
$
$
*
7*,751,470
19.671.691
71,760,109
9,054,670
78,788.509
19.113.978
70,834.330
9.706,l-il
1882.
25
$
$
56,315,730
54,677.283
Unlisted Securities.—Following are quoted at 33 New
Bid.
As Led.
Am. Tel. A C tide,ex..
Am. Railway Imp. Co.
ex bonds and stock.. *20
American Elec. Light.
7
....
*i"
i"
34
lq
Do
Do
scrip for stkt
bds+.. 42%
Buff.N.Y.A Phila. subs. *23
Brush Tliuniin’g Co
Chic. M. A St. P. rightsi*li%
Central R’way Constr.
Continent’1 Cons.,85p c: 56
Den.A K.G. unl’d cons. 91
Der. A R G..W. bonds. 7o
Do
stock..*.
19
Dos M. A Ft. Dodge pf.
Do
Do
stock.
Edison Electric L. Co. 550
Ind. Dec. A Sp. com...
7%
1st
66"
m.
,
,
new
Is,Os,fund,
,
rntei’iiaf. Inn*. C<>.. ex.
Kan. A Neb. 1st mort.
Do
2d M.
Lebanon Springs 1st.
.
.
.
.
45
,,
105
...
nq
121
6 i
.
97
71
25
---
•
•
•
•
103
49 76
Lehigh A Wilkesbarro lb"
22”
64%
»
-
-
-
-
,
,
18
105
....
12
64
....
Do
subs, (30
594
p. c..
N. Y. A O. Iron A Steel
1st mort. bds
Do
Do
stock.
N.Y. Sus. A West/com
10 q
Street:
Bid.
N.Y.AGr.L.lst ine.bds
Do
2d lue. bds
N. Y. Loan A Imp
N. J. Southern
Do
iuc. bds.
N. J. A N. Y. com
Do
ii%
24
Oregon Imp. Co.lstex. 90
Do
stock
83
Oreg. 3h.L.subs.70 p.c
Do
bds.. 100
Do
stock 33
Do subs.
$10,000
block ex
60
subs. 40 p. c
91
Do
lOOp ct... 9L
Ohio C. Itiv.D. lsts. er. 63
Do
River incomes. 18
Pensac. AAtlan. bds.. 80%
Do
stock
Rich.A Al.AO. C.subs.
and ex bds. Astck...
Rich. A Dan. ext. subs.
Do deb.subs..$2250.
Roch’r A Pitts’g Coal.
St. Jo. A West, stock.. 17%
St. Jo. A Pacific 1st M
Do
2dS
Tex. A Col.Imp.,60 p.c. 91
Tex.St.L.RR.sb.,90 p.o 75
Tol. Cin. A St. L. lsts. ,65
Do income bonds 18
Do
stock
14%
Tol. Can. South.ADct.
98
U. S. Electric Light
73s
Vicksb. AMer.com.st’k
Wiscon. Cent, com
Premium.
4
15
prof
North River Const. Co. 74
Out. AW. subs., 35 p.c. 59%
*
Aiked.
lk
Oreg.Traus-Cmi. bonds
Alex. Nat. bonds
63 ]4
Do
stock
16
Mich. A O.subs. 30 p.c.
Mid. RR. of N.J. stock 17k2
Do
A bonds.... 10%
Do
B bonds
6
N. Y. Cl). A St. L.equip.
NY. W.Sh.AB.5p.c.bds!
Do ex-Jan. ’83 cp. 591*2
.
Currency.
29T,389.30') J8.637,400
Loans and discounts
Do
$
14
93
Ol
61
26.1. -o
.806
142.600
8*1.700
101.301
220.000
203.000
t 5.600
419.9-10
364.000
595.400
39 .900
75,2014-5. OOC
281,700
783,400
lit.34i.000
12.120,600
24
4.37 .'.200
227.000
791,300
2.489.300
1,0" 2.300
3.’.73.600
378, i 00
193,000
1.042.506
26,300
1.51 1.900
.
Sept. 23
1,044,806
174.400
503,706
266.700
490.606
431.000
Brooklyn Ele. stock!..
643,512
3,081,047 2.590,731
002,54*
472,350
20,301,791 18,197,829
1,011,000
272,219
802.880
804.015
Balances.
$
7i‘3 106
3.452.000
18,604.100
16.844,000
1,505,600
1.556.400
Atl.A I\\»lks.,30 p.c
Boat. H. A E., new sl’k;
Do
old
040,785-
1
*
91.906
300,066
767.9011
158.900
679.706
160,506
197.600
319.000
114.300
166.000
224,6|>
1.457.000
1.848,800
1.087. l00
2," 25,100
4.903 900
1.796 006
1,098,500
1.065,000
2.559,006
13,621 0po
5.602.700
170.300
2,952,000
13,199.000
1 918.500
2.346.90G
2.9-8 000
2,31-8,800
2.965,Ooc
4.8*0.000
5.977.900
2,151.3(16
267,0 JO
1.218.600
451.200
183.800
121.200
109.000
V.Voo
„
1,556.960
'4.758.70(1
3,135 80u
2.^31,900
1.461.300
870.606
53-1.400
231,800
1.050,500
17.H42.3oC
8.303.000
3.206.060
6 029, bX
3.269.600
6.327,3)0
1,145,000
389,<K)0
*••••«
6.208.100
.92.100
12.1.400
762.300
884.906
295.700
300,-00
6.595.000
3.5.-1,800
320.500
179.200
495,000
6.601.000
0,2-4.100
'61.162,706 325.688.600 51,018.500 21.057.00
Torsi...
are as
U. S. Sub-Treasury.—The following table shows the receipts
and payments at the Sub-Treasury in this city, as well as the
balances iu the same, tor ea-ch day of th^ past week:
i
321.760
270.300
3,000.000
600,000
500,000
500,000
500,000
500,000
1,000,000
1,000,01 so
3,260,000
2,000,000
300,000
750,00(
500,000
1,000,000
300.000
250,000
200,060
750,000
300,000
100,0()C
206.000
200,000
506,000
300,000
8.885.000
1,134.006
3.561,806
418.600
240,000
250,006
723.000
328,000
6:9.70C
1,072.40(1
3.314.700
2,000,006
500,000
Bowery National
822,000
1,551.500
309,000
500.000
Tr..' 1,500,000
..
3,009,000
6.820,800
5.265.400
6.613.300
306,000
400,000
Park
Wall St. Nation'll
North River
East River......
Fourth National.
Central Nat
Second Natlon’l
Ninth National..
First National..
Third National
N. Y. Nat. Exch..
636.400
2.-'91,700
5.662.100
3.347.200
1.574.001
2,641 HOC
7.944.900
Oriental
Importers’ &
9.329.400
422,700
1,500,000
450,000
206,000
700,000
1,000,000
Irvin*
482,713
*
•
North America
Hanover
•
,
Payments.
People’s
2,455,066
443,089
21,069
2,142.08* 2,009.170
August
i
120,877
102,310
August....
27,200
32,004
August....
130,053
134,834
3d wk.Sopt
437,795
397,141 11,915,043 10.05d.945
August
199,240
174,54*1
778,902
080,945
2d wkSept
I8,53t>
16,483;
j
Receipts.
Republic
Chatham
1,408,000
1,071,006
932.600
519,000
683.200
14,571.'700
800,000
5,000,000
5,000,000
1,000,001)
1,000,000
ttoa.
»
7.462,000
7.816.000
4.629.700
2.903.300
Circulo.
other
than U. S.
181.106
656.700
66,000
446,006
62.5IJ0
94.600
300,000
Piicific
Metropolitan
9,421.000
7,409.000
600,000
Commerce
Broadway
Mercantile........
3.100,780
H35G.583!
’
08,102
f
200,000
American Exch
L.397.972
1.138.653
(137,202
Inly
Mechanics’ A Tr
Qree.iwich..
Leather Man’f’rs
Seventh Ward
State of N. York.
1.997,<30
3,828.8 12. 3,6-'0,6S6
303.845' 2,522.699
2,000,987 13,535,948
1,615,20* i, 521,139 9,309.932'
t 58,80115 1,0 H
2.261,850!
31.25)2
5)15,7121
2*,974
22,700
603,301!
17,595)
5,05)4
127,784
170,1 13
165,670 4,747,085
64.1 11
00,380
2,442,591
6 "2,757
20,221
15,022
112.97191,793
5,862,569
11,91537.5,509
12,315
130,570
664,478)
11290,790
|| 1,983,2831
|| 1.324,279;
§ 158,357
2d wkSept
Id wk Sept
2d wkSep '
‘3d wk Sept!
3d wkSept
June
1.414,230
1,820,101
2,129.377
■420,32!)
.
Butcliers’&Drov.
4.540,570
1 ,o7 5,!);)3
All-Ust
1st wk Sep*
2d wk Sept
Fulton.
Chemical
Merch’nts’ Kxch.
Gallatin Nation’!
3,535.599
1; >6.122
13.124
*
Net dep’ts
LegalJ
Te
’enders.
l
|
Oregon Imp. < '■■> july
262, *75
45)0.800
453.364
Oregon ll.AN.Ch \ugiist....
Oregon A Cal.. August
80,300
Pennsylvania
1.671.175) 3,809,97- 31.4
August
Peoria Dce.AEv
Tradesmen’s....
.......
498,00*
101.290
11,256'
10.433.
City
..
2,05 1.25)2
2,35)8.46 111.216,0 46
2,469,5 1 4
430,79-1 3,087.104!
86.519
....
..
97,750
34,lc3!
133,554
144.70*
160.78!)
202,13205>,* 85
168.317:
79.702
258,806
168,304
...
1,570,770
43,121
187.61 l
140.4 13
1*3.528
4
1,512,030
51,725' 1.724,960! 1,485.598
222,700 8,930,469 7,846.044
27.607
Union
America
Phoenix
4,953; 1,404,314! 1,233.507
1,394,182
1 13,005j
12,521
78,531
672,030' 4.491,0 47 4,285.729
190,371' 1,182,959! 1,155,890
63,401 1,839,999 1,800,850
02,000. 1,9 43,825
1,710,798
735.308!
101.O-17!
580,236
30,051
26,314! 1,014,309: 1,005,058
1 12.786
Mechanics’--^...
Corn Exchange..
Continental,....
306,930!
50,160
36,02*.!.
20.006!
lS,9S5i
Sep.!
768,965
112,00>!
!
337.812! *8,290,940; '8,097,887
7,789
-.!
100,729!
720,7111
541,077
111,000
Sep.
Nashv.Ch.A Sr. i August
1
N. Y.AN. Eugl'u !-l wk Sept 1
N. Y. Pa. A Oiuo July
Norfolk A West
VUgllSt
Northern Cent
Northern Patio
Ohio Centra’
Ohio Soul lu ; n
3
Specie.
2,000,000
2,050,000
2,000,000
2,000,000
1,200,000
3,000,000
1,000,000
1,000,000
1,000,000
600,000
300,000
1,000,000
1,000,000
300,000
200,000
Merchants
203,055
38,803
21.074
30,152:
266,868
9U.3 42
New York
Manhattan Co-.
Citizens’
Nassau
Market
St. Nicholas....
Shoe A Leather..
,
Europ’n A N. A July
Evhiihv. a T. II. id wkSept
Flint AT. Marq. 1st wk Sep.
Loans and
discounts.
1881.
!
$
68.187
1,221,945 1,000.610!
August....
|
1882.
|
255.123!
8,680
21.609
18.110
Cent.Br.Un.Pao. 2d wkSept
577.9211
Central Pueitie August
2,277.000 2,088.519 16.509.615)
81.65)6
52,9 12 2.30,8,45)3
Cliesap. A Ohio 3-1 wk Sept
217.4381 215,1*8 5,366,614
Chicago iV A 11 o!i • 2-1 wkSept
J.ilv
Chic. Bur. A Q
1,625.006 1,888,358 10,780,621
Chic. A East. Ill 21 wkSept
39.394
33,855 1,215,218
Chie.A Gr.Truiii; Wk. -ep.23
19,533
34.849
1,487,378
438.000
Chic. Mil Ast. P. 3-1 wk Sept
385,019 13,434.000
Chie.A N o i*l h w 3-1 wkSept
566,923- 515,399 16,385). 35)7
ClnSt.P.Min.AO :M wk Sept
110,3551
85,079 3,333.368
Chio. A W.Mici.. \ugust
125.672
120.292
957,260
Cin.Iiid.SLL.AC J 111 v
2056564
177,161
1,422,4 35;
vugilst
CiuciimatiSmu!;
228.41 !>
227,7 10 1,607,974
Clov.AkrouA < 'oi 3-1 wkSept
9.45)1,
352.4 14!
12,454
Col. IIocU. V.A ’f. 3-1 wk Sept
60.688
52.462
2,010,01)0
1
August.
Connotton Val
31.911
!d wk Sept 1139,7*4 : 114,20 li 14.585.165
l)env. A Bio G r
7.*87
2 )0.76*:
12,437
DCjS M. A Ft. I). 2-1 wk Sept
l)et. I .a li. A No.. 2 wksSept.
56,533
51,138 1,090.655Dub. A Sioux C -d wk Sept30.99*
7*1.4' 8|
33,973
Eastern
lane
26 4,662
208.377 1,503,591
E.Tenu.Ya AG a ; 3wksSept..
210,100
203,279
Eliz. Lex A B.S July
251,137:
i
51.Odd
HaiinibalA St Jo
Hous.E.AW.Tex
Illinois Cen.(III.i
l>i>
(Iowa i
Ind.Blooin.A W.
Int. A Gt. North.
Iowa Central...
A Gud
Capital.
| Jan. 1 to Latest Date.
1881.
$
August
A tell.Top. A S.Fe
Bulb Pitt sb. AW.
Bur.( 5ed.lt. A No.
Cairo A' St. Louis
:
73,794
>
th8
G8
Sept.
Average amount of
Earnings Reported.
J/o j
or
New York City Banks.—The following statement shows
th«
condition of the Associated Banks of New York
City for
week ending at the commencement of business on
23*
Banks.
Hoads.
[VOL. XXXV
t
60
92
SS^
102"
38%
92
92
64
19
805a
31%
7
100
19 38
94
68%
18
16
103
9
****
Assessment paid.
September
THE
30, 1882.]
this extension will be completed
next.”
apparent decrease of $255,000 in freight earnings
per mile. It is expected that
and in operation by December
Juuesttucuts
AND
FINANCES.
The Investors* Supplement contains a complete exhibit of the
Funded Debt of States and Cities and of the Stocks and Bonds
of Railroads and other Companies.
It is published on the last
Saturday of every other month—viz., February, April, June,
August, October and December, and is furnished without extra
tharge to all regular subscribers of the Chronicle. Single* copies
STATE,
are
CITY AND CORPORATION
sold at $2 per copy.
As to the
in 1881-2 as shown in the table
real deficit in freight earnings is
below, the report says the
only $200,384, the difference,
$55,184, being amount of rentals paid by the Memphis & Char¬
leston and Alabama
Great Southern, railroads, which was
heretofore included in the freight receipts, but since the ar¬
rangement for rental for use of track only, the revenue derived
from this source has b?en credited to'rents and privileges,
which account shows a corresponding increase.
Th-* decrease
in gross revenue from freight was the result of the drouth, and
consequent short crops, which prevailed all over the country
in 1881.
"
ANNUAL
h7
CHRONICLE.
REPORTS.
The
following statistics have been prepared for the
ROAD AND
Nashville Chattanooga & St.
Louis.
ending June 30, 18S2.)
(For the year
Miles
annual report is just now issued, and extracts from that
made at the annual meeting*, before the printed copies
were ready, will be found in last week’s Chronicle, on page
348. There was an excess of expenditures over receipts from
The
including the balance of June 30, 1881, amounting
to $320,507, and an increase in the item of “bills payable’’
amounting to $412,607 ; the President remarks that this
increase m floating debt is accounted for by the large amount
expended for betterments and extensions, and says that it can
all be liquidated by the sale of the bonds authorized to be
issued upon the completion of the McMinnville and Centreville
extensions and the disposition of the $144,000 Duck River bonds
held by the company. The mortgage debt as per last report
was $8,147,000, since which time there
has been issued, main
stem first mortgage 7 per cent bonds, $992,000 ; Duck River
Valley second mortgage endorsed 6 per cent bonds, $6,000—
total debt, $9,145,000. * There has been redeemed—Nashville &
Chattanooga Railroad endorsed 6 per cent bond*, $494,000; Nash¬
ville & Chattanooga Railroad unendorsed 6 per cent bonds,
$2,000-$496,000 ; leaving the mortgage indebtedness on June
30, 1882, $8,649,000. The $992,000 first mortgage 7 per cent
bonds were issued in lieu of $500,000 due the United States,
which were redeemed on June 1, 1881, and the $494,000 en¬
dorsed 6 per cent bonds redeemed July 1, 1881.
During the year, 18 miles of 58-lb steel rails were laid upon
the Chattanooga Division, and 1176 miles upon the North¬
all sources,
western, a total of 29*76 miles.
The President says : “The expenditures upon
the track were
condition of the Northwestern Road,
which in 1880 was in poor order and not safe for trains, except
at a low rate o; spend.
It is now in good &rder and safe for
trains to' run
from thirty to forty miles per hour.
The details of improvements made are enumerated under
the head of Road Department. The rolling stock, which
two years ago was entirely inadequate for the business of the
road, has increased and improved to an extent which will
greatly facilira'e the movement of freight and the comfort of
passengers.” * * * “ Your managementcan confidently
state that the amount expended in improvements will, in the
future, largely increase the net revenue of your road, reduc¬
ing the percentage of operating expenses, and will enable it to
cope successfully with competing lines.”
rendered necessary by the
*
1878-79.
1879-80.
1880-81.
1881-82.
454
508
521
539
86
87
44
46
81
52
87
58
1,025
1,184
1,165
1,862
3
4
4
4
operated
Locomotives
.
...
Pass., mail and express ears
Other
cars
FISCAL RESULTS.
$
Farninqs—
Passenger
441,545
.
re it.
“The Centreville branch has been extended from Graham
Mill Creek, about four miles, and trains have been running
to
since
December, 1881. The grading of five miles more has also been
completed, and iron is now being laid, and a contract for the re¬
maining three miles, to Duck River, has been entered into, and
the road will be ready for operation within two miles of Cen¬
treville by Oct. 15, and to the north bank of the river by
Dec. l.”
*
*
*
agreement has been made with the Tennessee Coal Iron
& Railroad Company to extend
the Jasper branch from Victoria
to Inman, about five miles, for the purpose of rendering accessi¬
ble the immense deposits of iron'ore at that point. The coal
company believe they will ship fifty to sixty cars per day, and
guarantee the shipment of thirty cars of ore daily over this
extension.
The coat company also
agrees to construct
“
the
An
and turn it over to your
consideration of the issuance
and delivery
to them of Nashville Chattanooga & St.
■bouis railway forty-year 6 per cent bonds, secured by first
mortgage on the extension, to an amount, at their par value,
eqnal to the .cost of the road, not exceeding, however, $16,000
road
company
at
its
own
expense
when finished,
in
-
$
1,018,924
74.317
1,363,355
130,668
Total gross earnings.. 1,736,723
Total operating expenses. .1,021,589
2,099,155
1,184,748
2,256.180
1.378,177
2.074,583
1.2 10,991
715,134
914,407
878,009
833,592
59*82
50*43
61*08
59*81
Net earnings
P.
c.
.
operat’gexp.
toearn’gs
IXC< >M E
715,134
Total income
Disbursements—
Interest on debt
Dividends
ACCOUNT.
1878-79.
$
Heccipls—
Net earnings
Bonds sold, &ic
and taxes.
715,134
$
486.709
164,161
Extensions
New equipment, &c
N. West. Div. improvem’t..
1879-80.
1880-81.
1881-82.
$
914,407
$
878,009
833.592
1,000,175
3',006
1,878.134
872.598
914,407
$
$
$
$
475,320
232,020
54,605
110,560
105,708
5 11,51 1
583,577
300,16 I
186,041
350,551
25.021
352,316
40,008
218,031
212.432
Improvement of track
Heal estate
Other improvements
Miscellaneous
26,144
57.145
50,031
923.436
975,118 2,096,169
del'. 9,029 sur903,066 *1,223*,571
Deficit. The surplus Tune 30. 18^1 being $903,006, the real de¬
ficiency June 30, 1882, was only $320,507.
708,015
deficit, sur.7,119
Total disbursements...
Balance, surplus or
*
GENERAL
BALANCE, JULY
1.
A sac's.
Assets not available
Tnvestm’ts in stocks <fc bonds.
Bank of Tennessee notes .
Bills receivable
Real estate
:
Due from agents, &c
Cush
Bills
of $115,815 70. In addition to this
$15,766 96 for moneys
road, making a total
of $131,582 66. To offset this expenditure your company holds
$69,500 first mortgage and $75,000 second mortgage bonds of
the Duck River road, which, when sold, will be sufficient to re¬
pay the sums advanced.
“An agreement was entered into with White County for the
extension of the McMinnville road from Rock Island to Sparta,
White County agreeing to turn over to your company $30,000
of its bonds when the road is finished four miles beyond Caney
Fork River; also to provide the right of way. In pursuance of
this agreement work was commenced on the extension in Sep¬
tember, 1881, and it is expected to be completed by January
580.560
64,680
at
there is due the N. 0. & St. L. railway
advanced to pay the floating debt of this
1881-82.
$
562,945
1,501,088
Capital stock
cost to your company
1880-81
.1,231.171
Freight
04,007
Mail, express, rents, &c...
“The extension of the Duck River Valley Railroad from Pe¬
tersburg to Fayetteville, 13 miles, was completed in April last,
and trains have been running since June 1. This extension was
made in accordance with the lease of the Duck River Railroad,
a
1879-80.
$
530,387
1878-79.
EXTENSIONS.
sum
Chronicle:
EQUIPMENT.
1880.
1881.
1882.
$14,360,890
$14,932,355
$15,711,189
178,593
419.656
192,024
43 *,353
366,450
336,o40
26,483
7,137
84,246
13.000
17,236
93,375
129,249
303,161
413,590
121,946
41 6,536
$15,515,673
$16,210,211
$MH166,797
$G. 848,899
14,360,899
206,178
$6,670,331
$6,670,331
542,675
513,39
404.222
54.139
247,081
659,6 8
83,4s l
271.305
13,9 si
279.610
93.875
80,428
Liabilities.
Bonded debt
Profit and loss.
payable
Individual deposits
15 annuity bonds
Balances due imlividiia's,
Interest coupons due July
22,500
Ac.
1..
Dividends
Pay-rolls, &c
Inter’ston bonds beld by U. 8.
34,534
212,315
14,248
53,034
153,600
$15,515,673
Total.
8,147,000
8.649,009
>
102,494
153,600
63,014
75,665
153,Gi 0
$16,210,211
$17,160,797
15
<
INVESTMENT NEWS.
Boston & New York Air-Line.—The suit of William J.
Hutchinson against the Boston & New York Air-Liue and the
New York New Haven & Hartford railroad companies, to
restrain the execution of the lease of the former road to the
latter, was heard before Judge Wallace, in the United Hates
Circuit Court, at Syracuse. The brief of S. E. Baldwin, coun¬
sel for the Air-Liue Company, urged that the plainiifi. who
holds 1,300 shares of common stock, had no other right than to
vote against the lease, which was made according to law and
the charter of the company. The directors of the New Haven
Company, Mr. Baldwin says, unite in the opinion that the ren¬
tal under the lease is higher than the earning capacity of the
Air-Line road. No fraud or breach of tiust on the part of the
Air-Line road’s directors is charged. Only one direetoi oc 'he
New Haven Company owns any Air-Line stock, and he has one
share of common.
The Court, Mr. Baldwin says, is asked >y
the plaintiff to give a minority of the stockholders a power
which the Legislature has expressly denied, by making a thiee.
fourths vote conclusive as to lease.
Alphonse Dup.at. Auditor of the Air Line, deposes tha m
1880, when the arbitrators fixed the Air Line’s pool perc* ntaire
at 5 per cent, the actual earnings of the road for the hist six
months
more than th<jv were for the same period in lo^-.
The 6 per cent received in 1880 was less in gioss amount than
GENERAL
were
372
THE CHRONICLE
the 5 per cent received in 1832, showing great danger of a
reduction in percentage at the next arbitration, and hence a
decreased dividend on the Air Line’s preferred stock.
He also
declares that the necessary repairs of the road will absorb for
Branch
[Voe
■
(sixty-five miles); the Winnipeg and Pembina Mountai
Branch, which will bo in operation
as
far
as
the town of Morr'
(forty-live miles south of Winnipeg) by the end of the present
year, and the old Government line from Winnipeg to
Ston
several years to come all its revenues under the pool agreement.
wall (twenty miles), which is now worked
by the Canadia*
He shows that at the same rate of increase in joint earnings as Pacific Railway. The entire length of the main
line from M0n
ruled during the last seven years, with no extraordinary treal to the Pacific Ocean is 2,o50
miles, of which 1,416 miles ar"
expenses and with no change in its percentage in the pool, the in operation, or will be ready for traffic by the close of
the pres6
Air Line road would, at the end of the term of the proposed ent year. There
yet remains a gap of about G10 miles between
lease, have accumulated over $5,000,000 arrearages in dividends the eastern and western divisions, and about 750 miles
to be
on the
preferred, ahead of the common stock. With the same constructed between the Pacific Ocean and the present
terminus
conditions it would take, under the present pooling scheme, 050 of the western division.
Briefly to summarize, the constructed
years before any dividend could be paid on the Air Line mileage of the Canadian Pacific Railway is at
present as fol
common stock.
Judge Wallace, after hearing the arguments, lows :
dissolved the injunction.
Eastern Division—Main line
Brooklyn City Itomls.—Proposals were opened by Mayor Western Division—Main line
..." j
Low and Comptroller Semler for $400,000 4 per cent
registered
Total main line constructed
sewerage fund bonds and $100,000 4 per cent registered tax
certificates maturing three years from the date of purchase. Eastern
Division—Branches
^
All the seweiage bonds went at 102 21/£. Of the tax certifi¬ Western Div ision—Blanches
js-j
cates, $40,000 were awarded at 102‘35 and $00,000 at 101*41.
Total
brandies constructed
Buffalo
Pittsburg A Western.—Business for the month of
August and for the eight months was as follows:
A uf/.
/
1882
1881.....
Gross receipts.
$01,422
Increase
Kin hi Months
Gross receipts. Net profits.
$557,302
$280,850
.
Aet firo/lrs.
$43,701
72,000
31,003
$19,413
$11,708
.
425,815
135,049
$131,487
$153,907
Canadian Railways.—A correspondent of the London Rail¬
way flews gives the following account of Canadian railways.*
“
At a time when the Dominion of Canada is
attracting so much
attention, not only as a field for emigration, but also as a health
resort, a few remarks on its railway system may be interesting
to the readers of your journal.
The railway system of Lower
Canada, or Canada proper, extends throughout the Provinces of
Quebec, Ontario, New Brunswick and Nova Scotia, and aiso
Prince Edward’s Island; indeed, there are few places of any im¬
portance in the settled districts of these provinces that is not
supplied with railway communication; and over and above
these the Canadian Pacific Railway have
completed that por¬
tion of their main line which runs through the new Province of
Manitoba, and
‘
214
....
Total constructed
i
“
In addition to the foregoing, upwards of 100 miles of
branch
lines are being constructed at the present time, and in a
very
short time the total mileage of lines open for traffic
will be
upwards of 2,000 miles. The line has been well built and well
ballasted throughout, and is, in every respect,
equal to anyia
the Dominion. To give an idea of the rapidity of its
construc¬
tion, 500 miles have been completed this year, on which
up.
wards of 1,700 men were employed, getting wages
equal to 9a. a
day, and track-laying went on at the rate of from 3 to 3% miles
a day.
By next spring passengers will be enabled, by taking
steamer from Collingwood, near Toronto, to Thunder
Bay, to
travel through to Winnipeg, and for nearly 700 miles
beyond,
without going out of British territory.
“The Grand Trunk Railway, of the position and future
pros¬
pects of which your readers are kept well informed, commences
at Point Levi, opposite Quebec, and runs in a continuous line
through Montreal and Toronto to Detroit, a distance of 73C
miles; it has also its own line through New Hampshire and
Maine to Portland, and has altogether about 200 miles of line
in the United States. Together with the Great Western Rail¬
way (806 miles) it now owns and operates nearly 2,300 miles of
are building branch lines to accommodate the
increasing number of settlers in'all directions.
The recent amalgamation of the Grand Trunk and the Great
Western railways lias given to the former the entire control road.
“The Intercolonial Railway differs from the others in that it
of about half the constructed lines in the Provinces of Quebec
is superintended by the Minister of Railways, and mav be said
and Ontario, and it is the most powerful company in the
to be practically a State Railway.
It has a main line nearly 700
Dominion. Before gointr into any details, it
may be as well to miles in length, from Point
Levi, Quebec, to Halifax, and a few
give a tabulated list of the railways at present constructed, with short branches.
their mileage. There are altogether, in tlie four Lower Provinces,
“The Canada Southern is the only other line
Manitoba and Prince Edward’s Island, fourteen lailways, hav¬
having a portion
of its road, about GO miles, iti the United States.
ing a mileage of more than 100 miles, as follows:
“The North Shore Railway, only very recently incorporated,
Railways.
Province.
Mileaye.
was formerly the
eastern division of the Quebec Montreal
Canadian racific
1,03b
Ontario and Manitoba.
Canada .‘-outhern
Ottawa & Occidental Railway,, now dissolved; it has a main
373
Ontario.
Credit Valley
1 S3
Ontario.
line about 170 miles between Quebec and Montreal, and one or
Grand Trunk
Ontario
wants of
the
Intercolonial
Midland
Northern A Northwestern
New Brunswick
New Brunswick & Canada
North Shore
Prince Edward Island
Quebec Central
Toronto Grey
Bruce
Windsor tfc Annapolis
2,3dO
837
450
378
203
and
Quebec.
two short branches.
Q., N. B. and N. 8.
120
195
190
Prince Edward Island.
114
Quebec.
19.5
110
In addition to the Canadian Pacific Rail¬
two others have recently started in the Province of Mauitoba, viz
the Portage West-bourne & Northwestern Railway,
which at the present time has about
thirty miles constructed;
and the Southwestern Railway, which has about
fifty miles in
way,
Ontario.
Ontario.
New Brunswick.
New Brunswick.
,
Quebec.
operation.
Ontario.
Nova Scotia.
“The principal subsidiary lines, of which there are a
great
number, all owning a less mileage than 100 miles,
may be briefly
mentioned.
“Albert (45 miles), Frederick (22 miles', Canada Atlantic (48
miles), Lewis & Kennebec (45 miles), Quebec & Lake St. John
(31 miles', St. Lawrence & Ottawa ;54 miles), St. John & Maine
(92 miles). Southeastern (99 miles), and many others of
purely
local interest.
“The Canadian Pacific
Estimating very roughly, it maybe
about 8,000 miles of railroad at present
said that there
in operation in
Canada, including Prince Edward Island.and Manitoba.”
are
Central Iowa*—The Boston Transcript reported Sept. 22
that the directors of the company met in the office of Russell
Sage in New York recently and discussed the terms of
of the
a
lease
property to the Chicago & Northwestern Railroad
Company. President Cate favored the completion of several
branch roads before the lease should be made.
It was
intimated at this meeting that the St. Paul and the Wabash
roads both stood ready to take the
property on acceptable
terms.
The terms of a lease to the Northwestern, as discussed,
Railway, or the C. P. R. Syndicate"as
usually termed, deserves more than a mere passing notice. Were a guarantee of three per cent upon the common stock.
The executive committee of the Central Iowa have been giving
Formed with the intention of
constructing a line of railway further
consideration to the matter since this directors’ meeting.
from Lower Canada to the Pacific
Ocean, through British
Central of New Jersey.—The trustees under the mortgage
possessions, its gigantic undertaking seems already to be in
a fair
way of being speedily accomplished.
Starting from securing the adjustment bonds of the Jersey Central roid
Montreal ir utilizes as far as Ottawa (119 miles) the western will October 2 designate
by lot $50,000 of said bonds to be
division of the Quebec
Montreal Ottawa & Occidental redeemed at par on and after November 1. The bonds bear 7
Railway, which it lias acquired ; thence it skirts the Ottawa per cent interest and have been selling above par. This is the
River as far as a place called Mattawa, a further
distance of first call, and a like amount is to be paid off each year until the
it is
299 miles.
whole
portion of the eastern half of the
derstood to be
Mattawa is the present terminus of the constructed
main line.
This main line,
from Montreal to Mattawa (318
miles), a branch from the
Grand Trunk line at Brockviile to a
point near Ottawa (4(5
miles and two other short branches, constitute the
whole of
the eastern division of the Canadian Pacific
Railway as at pres¬
ent eon-4ruett-d, and all that it owns in
Ontario. The western
division c mmences at F.-rt William, on Thunder
Bay, and
runs in a
northwesterly direction past the Lake of the Wclods to
Win nipeg (435 miles), about sixty mi es east
of which it enters
the Province of Manitoba
From Winnipeg it runs in a
,
westerly direction through Portage-la-Prairie and Brandon
to
Flat Creek, a distance of J78 miles, but it is
graded and ready
for ballasting for a much further distance.
By the end of the
present year it is confidently expected that tlm line will be ready
for Traffic, if not actually operated,
for a distance of GG3 mihs
west of Winnipeg.
In addition to the main line, the
Western division
comprises the St. Vincent & Winnipeg
sum
has been canceled.
The total amount afloat is nn-
$5,000,000, due in 1903.
Charlotte Columbia & Augusta.—This company has leased
the Chester & Lenoir Narrow Guage Railroad for a period of
99 years.
This road runs from Chester, S. C., to Lenoir, Cald¬
well County, N. C., a distance of 110 mile.s.
Seventy-two miles
of the road have been built and are now in running order. To®
lessees guarantee the completion of the line from the present
terminus to Lenoir within 18 months from the date of lease.
They also guarantee tlie payment of 1^ per cent on the stock
of the road in semi-annual dividends and assume all the bonded
and floating indebtedness of the road, amounting to about
$250,000. The bonded debt is $250,000, $230,000 of which is
yet 6n hand and will be floated for the completion of the roaa
to Newton.
The lessees are authorized to issue bonds on the
road from Newton to the Lenoir terminus, the proceeds of tM
over
s tie of the bonds to be
used for the construction,
and improvement of the railroad property.
The
equipment,
report m&a
September
state
.
THE
30, 1882. |
CHRONICLE
Commission for the Charlotte Columbia & Augusta by the stockholders at their convention in Huntsville, Ala., on
August 22 last, holders of stock of the Memphis & Charleston
RR. Co. will have the privilege of subscribing, according to tlio
Pailroad, which is now operated by the Richmond & Danville
combination, shows a total income for the year ending June 30,
18»2 of $590,935; the total expenses, including taxes for the
period, amounted to $404,166, leaving as net income
During the year $55,737 was spent in the equipment
construction of the road, making the total cost of equip¬
ment and construction $5,188,583.
The total debt of the road
is $2,795,153, of which amount $2,506,000 is funded, and $289,155
same
$126 768.
unfunded.
Chicago St. Paul Minneapolis & Omaha.—The annual
report of the Chicago St. Paul Minneapolis & Omaha Railroad
Company
373
for the fiscal year
ending June 30, 1882, made to the
Railroad Commissioners of Wisconsin, as telegraphed from the
West shows that the total income from all sources was
$5 471,589. Total earnings, passenger department, $1,330,675 ;
total earnings, freight department, $3,236,377. The operating
$2,695,590. Taxes, $151,162; rentals, $23,655 ;
interest, $918,742 ; dividends, $925,451. The balance for the
fiscal year was $751,987. The amount of common stock is
$18,573,233 ; preferred stock, $10,759,933 ; total bonded indebt¬
edness, $19,546,675. The total number of miles of track owned
expenses were
terms authorized by the stockholders and fixed by the com¬
mittee appointed by the b>ard of directors upon application
to the Real Estate Trust Co., No. 115 Broadway, New York,
for the common stock to be issued upon said railroad to an
amount equal to their present holding at 12 per cent of its face
value, the privilege to extend to the 10th day of October next.
The payment of the 12 per cent will be due upon the delivery
of the
stock.
Trust
Company's certificate representing the
common
—An injunction was obtained in Tennessee, on the application
of a stockholder, forbidding the issue of new stock and the
execution of the agreement with the East Tennessee Virginia
& Georgia Company for a surrender of the lease. Has this
injunction been dissolved?
Milwaukee Lake Shore & Western.—The annual statement
for the year ending June 30, 1882, as
Commissioners of Wisconsin, shows :
prepared for the Railroad
,
Gross
earnings
Operating expenses and taxes
$303,270
401,314
by the company is 1,001—in Wisconsin, 323 ; in Nebraska, 189 ;
Net earnings
$311,955
in Iowa, 76 ; in Minnesota, 356 ; in Dakota, 55.
Interest except on incomes...
174,901
Cincinnati & Southeastern.—The Cincinnati Enquirer
Surplus
$137,054
says: “This road is, indeed, in a bad lix, and unless matters are
New Mexico & Arizona.—Atchison, Kan., September 23.—
amicably adjusted, will be disposed of by the Sheriff of Camp¬
bell County, Ky., in the very near future. A few weeks ago The New Mexico & Arizona road is now operated from Benson
Messrs. Dickinson & Co. of New York, contractors for the con¬ to Calabasas, on the southern border of Arizona. This is the
struction of the road, filed a suit against the company for road which is to connect the Sonora road from Guaymas, on
$134,000 in the Chancery Court at Newport, for labor done on the Gulf of California, with the Santa Fe. The Sonora road is
the road, and for damages sustained by the company failing to completed to Magdalena, a Mexican town, about sixty miles
comply with their contract.” * * * “ The road will, in all south of Calabasas, and a stage covers the distance between the
probability, be sold, as there seems no other outlet for it. ends of the railroads, which are being constructed as rapidly as
Including the amount paid for right of way, there have been possible. It is expected that this gap will be closed up within
over $225,000 expended on the road.”
thirty days. When the line is opened to Guaymas, nearly
Danville Olney & Ohio River.—The annual meeting of 1,700 miles distant from Atchison, it. will be operated by the
this railroad company was held at Kansas, 111., on the 20th inst., Santa Fe, and the whole line will be the longest railroad in the
and the old board of directors was re-elected. At a subsequent world under one management. This newline will also open the
meeting of the directors the following-named officers were shortest route to Australia, 1,400 miles shorter than by way of
chosen: President, Parker C. Chandler; Vice-President, and San Francisco. The harbor at Guaymas is said to be one of the
General Manager, James R. Maxwell; Treasurer, Charles A. finest on the Pacific coast.—JSt. Louis Globe-Democrat,
Hovey; Secretary, William H. Brown.
New York Lackawanna & Western.—This double-track
Indianapolis Decatur & Springfield.—An Indianapolis road from Binghamton to Buffalo and the International Bridge
dispatch says: “The projected extension of the Indianapolis is now finished. The length of the new road from Binghamton
Decatur.& Springfield division of the Indiana Bloomington & to Buffalo is 204 miles, making the distance from New York to
Western to St. Louis has been abandoned for the present, Buffalo 414 miles, against 423 by the Erie and 440 by the
owing to the stringency in the money market.
Negotiations New York Central.
are now on foot by which the Indiana Bloomington & Western
New York Pennsylvania & Ohio.—From a semi-annual
will probably enter St. Louis over the Wabash line from
report
made by this company for the half-year ending June 30,
Decatur to that city.”
1882, it is learned that the general income account shows a
Indiana Illinois & Iowa.—Sixty-three miles of this road,
deficiency for the six months of $66,114. This is brought about
from Streator to Momence, are now in operation.
The con¬
tracts for fifty miles more from Momence to North Judson have by a large decrease in freight earnings and a small increase in
The passenger business of the road shows
the same period of
months of 1882 were
$1 994,974 ; same period 1881, $2,120,793 decrease, $125,819.
Passenger earnings for first six months of 1S82, $592,414 ; 1881,
$518,840 ; increase, $73,574. The earnings from mail, ex¬
press and miscellaneous sources are about the same for both
years. Total gross earnings from January 1 to Jnne 30,1881, $2,729,990 ; same period 1882, $2,678,829. The cost of operating
in 1881 was $1,921,397 ; in 1882, $1,933,359 ; an increase of $11,96L.
The total net earnings for the period was as follows:
order.
1SS1, $808,592 ; 1882, $745,470; a decreass of $63,122.
Long Island Railroad.—From Oct. 1,18S1, to Sept. 23, 1882,
New York Stock Exchange—New Securities.The govern¬
the increase in gross earnings was as follows: Passengers, $199,ing
committee has adrnitte.I the following stocks and bonds to
569; freight, $3'.),794; express, 68,239; mail, $5,917; telegraph,
the list:
just been awarded, on which work is to be pushed forward
rapidly. Mr. Joel D. Harvey is President of this road.
Indianapolis & St. Louis.—On September 26, the reorganiz¬
ation of this company was completed by the election of J. H.
Devereaux as President; Stevens-n Burk, Vice-President; E.
B. Thomas, General Manager, and George H. Russell, Treas¬
The consolidation with the Cleveland
urer, all of Cleveland.
Columbus Cincinnati & Indianapolis Company will not take place
until February. The directors decided to issue $2,000,000 of
new
mortgage bonds to put the road and its equipments in
$725;
annex, $3,374; total, $317,621.
Louisville & Nashville—Chicago & Eastern Illinois.—It
is reported in the newspapers that the Chicago & Eastern Illi¬
nois is about to
be absorbed by-the Louisville & Nashville
Railroad Company. The fact that the Louisville & Nashville
had obtained a
controlling interest, in the Chicago & Eastern
Illinois, and also in the Evansville & Terre Haute Railroad was
known about a year ago. These two roads were to have been
consolidated with the Louisville & Nashville when the Supreme
Court of the United Spates gave a
decision setring aside the
sale of the old
Chicago Danville & Vincennes Railroad, to which
the Chicago & Eastern Illinois is the successor. p Negotiations
have been in progress for some time past to compromise the
suit with the stockholders of the old Danville cSt Vincennes, and
R the
difficulties are settled, it is said that the Louisville &
r^aslaville will take possession of the
road.
Maryland
Stale Bonds.—The boaid of public works have
decided to advertise for the exchange of the Maryland defense
,
loan provided for
by the late act of Assembly. The new certificates
indebtedness advertised for are not to exceed in amount the
sum of
$3,003,000, and are to bear interest at the rate of three
and
8ixty.fi ve hundredths per cent, payable semi-annually on the
1st of
January and July in each year, and are redeemable iu
of
niteeu years from date of their issue.
The
proposals for such
fhC 'pn^e are *° k* not less than par, and will be received at
office from and after the expiration of three
juonths.
The
new certificates of indebtedness issued on such
xchange are to bear
rn
aturity
interest at the rate of 6 per cent
of the defense loan on the 1st of January, 18S4.
Memphis
at
& Charleston. —Notice is
under date of Sept.
27, pursuant
until
given to stockholders
to resolutions adopted
operating expenses.
handsome increase of 34 per cent over
1881. The freight earnings for the first six
a
Atchison Topiska & Santa Fk Rulroad.—Six per cent sinking fund
secured bonds, bearing date December 1, 1881. and maturing in 1911,
interest payable somi-annuail.v, $3,000,000. These bonds are secured
by an indenture of trust to the Boston S.tfe Deposit & Trust Company.
They are not a mortgage upon the road, but the company’s direct obli¬
gation. They are lodeemable at i05 in December of each year to the
extent of 1 per cent of the amount outstanding for the first, ten years.
After the expiration of that period the amount redeemable'will be at
least 2 per cent in each year, and if the bonds are not purchased thoy
arc to be drawn bv lot. ‘They are secured by a deposit of tho following
bonds of the face value of $1 ,i(>0 for every #1,000 issued:
First mort¬
gage 7 per cent bonds of the Elk Ac Chatanipia Railroad, 11-81 miles,
limited to $12,000 per mile. First mortgage G per cent bonds of the
New Mexico & Arizona Railroad, G5 miles, limited to $25,000 per mile.
First mortgage G per cent bonds of the Manhattan Alma
Burlingame
Railroad, 5Gui2 miles, limited to $12,000 per mile. Second mortgagee
Mexico & S mthern Pacific Railroad, 372 09 miles,
per mile, subject to a first mortgure limited to
5515,000 por mile. Second mortgage G per cent, bonds Marion A Mc¬
Pherson Railroad, 9s-Gi miles, limited to $9,009 per mile, subject t#
first mortgage limited to $7,000 per mile.
First mortgage G per cent
bonds Marion <fc McPherson Extension, 5*22 miles, limited to $25,090
per cent bonds New
limited to $10,0.0
111Amkifi oaN TELEGliAi‘II & Caiu.f. Gomi’ANY.—Capital stock. $1
1,090.000,
representing the amount of the entire issue of $20,000,00) guaranteed by the Western Union Telegraph Company. - The application states that
the capital stock is the company’s.only liability.
Its assets are stated to
be the two transatlantic eabb h bid ween Engl ind and No\ a Scotia, the
pooling agreement with the o her companies providing for its receipt of
12hj per cent of the entire income, while one ca'de is working, anti 22^
per cent when both arc in operation, and the concession irotn tho
Emperor of Brazil for the laving or a cable between that country and
the United States. The addition .1 issue of $(>,000,009 of stock is held
in trust under an agreement with the const ruction company, by which
that company sigrecs
to Uf the Brazilian cable,
consideration therefor should the cable be
vears.
Texas Central Railway
'
receiving the stock as
in operation within ttve
„
.
.
_
Company.—First mortgage 7 percent sink¬
ing fund gold bonds dated September
rtn 33 miles of new road, $501,000.
15, l879,Jtml maturing iu
1909,
m
THE CHRONICLE
374
[Vol. XXXV,
liolders last Jane, but only about half taken, as Northern Ceu"
Chicago St. Louis A New Orleans road at tral stock was then selling below par. This issue of Northern
Central stock was made to pay for the purchase of stock of the
BIinneafolis Union Railw ay Company. -First Mortgage 6 per cent
Union Railroad (of Baltimore). The purchase by the Pcnnsyl.
lK)nds, dated March 1, 1882, and maturing July 1, 1022, Nos. 1 to
vania Railroad was made at the present market price of North¬
15 000 inclusive, principal and interest guaranteed hy the St. Paul
$1,500,000.
road
Minneapolis A Manitoba Company,
This
is built to ern Central shares. The object of the Pennsylvania Railroad in
connect the lines centring at the Union Stock Yards, St. Paul, with the making the purchase is to secure the ma jority of the stock of
lines on the west side of the Mississippi River, at Minneapolis, and to
the Northern Central Railway, which this investment gives.
furnish a u»ion passenger station and transfer facilities between the
!§il
Illinois Central
sf
tglv]
Railroad—Leased line 4 per cent stock issued in
exchange of the stock of the
par, $10,000,000.
!?
Minneapolis A Manitoba, Northern Pacific, Chicago St. Paul
Minneapolis A Omaha, Minneapolis A St. Louis and Chicago Milwaukee
A St. Paul roads, in Minneapolis, and will cover about three miles of
railway, with four tracks and a buible track, stone-arched bridge
Minneapolis; also a large union
across the Mississippi River at
St. Paul
Philadelphia & Reading.—The gross receipts from the
canals, steam colliers and coal barges in August
were $1,975,993 and the net receipts $950,085; for the fiscal year
since Nov. 30, 1881, the gross receipts were $15,384,836 and the
i $l,0d0,000,
Sassenger
grounds
station
in
double the amount of bonds net receipts $6,630,266. The gross receipts of the Philadelphia
andand
it isdepot
authorized
to issue
now listed.
& Reading Coal & Iron Co. in August were $1,615,208 and net
New York City A Northern.—Receipts of the Farmers’ Loau and
$221,214; since Nov. 30 gross receipts, $10,690,717; net, $660,953.
Trust Company for the first mortgage bonds deposited with it under the
The total receipts of both companies together for each month
agreement of the bondholders at the meeting held on July 10 last.
Burlington Cedar Rapids A Northern Railway.—First mortgage
of the fiscal year have been as follows :
railroads,
Minneapolis. Its capital stock
road, now in full operation
1021, Nos. 82G to 2,300 in¬
clusive, $1,475,000. The first 825 bonds are retained in trust for the
redemption of the $825,000 G per cent bonds already issued by the
5 per cent gold bonds, covering 153 miles of
from Holland to Spirit Lake, maturing iu
company.
A Western Railway.—Additional common
Milwaukee Lake Shore
Stock issued in accordance
with
vote of more than two-thirds of the
a
$7,000,01 0.
Norfolk & Western.—The statement of earnings and expenses
for August and for the eight months is as follows:
Aug.
s-Jan. 1 to Aua. 31.-s
.
Stockholders $1,000,000, making the company’s capital
,
December
—
.
Gross Receipts.
1880-81.
1881-32.
$540,456
554,769
631,402
716,709
580,039
825,851
839,3.-0
1.091,000
844.174
1.108.307
3,522,426
2,451,106
2,169.005
2,587,720
2,699.706
2, *7 -.009
3.017.983
3,418.790
3.531,201
1,155,206
1,171,299
$23,591,997
$26,075,557
$6,934,355
$7,291,218
June.
2,525,108
2.332,506
2,651.260
2,850,905
July
3,129,316
March
April
May
August
-Net Receipts.—
1880-81.
1881-82.
$3,231,677
$2,237,045
2,153,378
2,140,053
January
February
.
$937,542
010,913
438,656
655,449708.304
780,574
,
Gross earnings
Expenses
1881.
1882.
1882.
1881.
$222,1G0
10G.540
$10G,122
$1,433,654 $1,33 1.627
748,305
833,832
96,725
$115,620
$601,822 $616,231
$30,397
Northern Central.—The following is a comparative state¬
ment of earnings of the Northern Central Railroad for August,
and for the first eight months of the year:
Net earnings.
Eight Months
,
ended
1882.
■August.—
1831.
1882.
August 31.
1881.
$667,433
$493,003
$3,823,842
$3,600,688
Operating expenses.... $276,299
19,968
Extraordin’y expenses.
$310,671
$2,159,787
93,092
197,813
$2,188,621
214,007
$296,267
$103,673
$2,357,635
$2,102,628
$371,221
$94,335
$1,471,237
$1,198,060
Oregon Transcontinental.—President Villard issued the
following : “ Statements submitted to the executive committee
Thursday showed a fund immediately available for dividends
amounting to nearly $4,000,000, and further an additional esti¬
mated income daring 1883 of nearly $3,000,000. The executive
committee recommended to the full board of directors that reg¬
ular quarterly dividends be commenced in January next, aud
that the first one, in pursuance of conservative policy, should
be at the rate of 1%> per cent only. The rates of dividends
thus recommended for January will, of course, justify larger
dividends thereafter, as the dividend fund will remain unim¬
Total
The coal tonnage has been as follows, viz.: - Carried on the
railroad in August, 819,511 tons, against 818,890 tons in August,...
1881; and for nine months, 5,914,172 tons in 1881-82, against
5,647,080 tons in 1880-81.
The total mined by the Coal & Iron
by tenants was 566,432 tons in August, against 576,872
tons in August, 1881; and for the nine months, 3,90S,373 tons,
against 3,730,864 tons in 1880-81.
—The receivers give notice that they will purohase on and
after October 2, 1882, the coupons due October 1,1882, of the
Pickering Valley Railroad Company’s bonds, at the rate of 4
per cent per annum, “it being understood and agreed to on the
part of the receivers that the principal of all the said bonds and
all after accruing interest thereon shall retain priority of lien
over the coupons and interest so purchased.”
Also, that they
will purchase on and after October 10,1882, the interest cou¬
pons due July 1,1S82, of the mortgage loan of 1S70-1S95, of the
Shuylkill Navigation Company guaranteed by the Philadelphia
& Reading Railroad Company at the rate of 5 per cent per
annum, with the same understanding as in the Pickering Valley
Co. and
case.
—The McCalmonts have closed out their
remaining interest
securities of this road, through Messrs. De Haven
of this city. The latter house has negotiated the
sale of about $5,000,000 of Reading securities for the McCah
monts, and it may be said that the entire sum has been sold
to Philadelphia capitalists and their friends.
The purchase of
paired. The meeting of the executive committee voted fur¬ such large amounts by people who have become thoroughly
ther to recommend to the board of directors an additional
in the junior
& Townsend,
conversant with the affairs of the Reading Railroad Company
capital stock for the purpose, under exist¬ seems to be a
guarantee that the road is doing better than the
ing contracts, of delivering 50,000 shares of Oregon & Trans¬
public
general
believes. Surely no clique of men would
continental Company’s stock to a syndicate, in exchange for an
blindly
invest
$5,000,000
in one undertaking without being
equal amount of preferred stock of the Northern Pacific Rail¬ convinced of its future value.—Phil.
Record.
road, and for paying for farther amounts of Oregon Railway &
Railroad Construction (New).—The latest information of
Navigation stock which it expects to acquire by contract daring
the next fifteen months, as well as for working capital for con¬ the completion of track on new railroads is as follows :
Cedar Rapids A Northern.—Track' on the Pacific Division
structing branch roads should the condition of the market is Burlington
extended from Spirit Luke, la., northwest 15 miles.
render further issues of bonds undesirable.”
Chicago A Northwestern.—Track on the Sioux Rapids Branch is ex¬
Pennsylvania Railroad.—The gross and net earnings in tended fremPetersou, la., west to Orange, 25 miles.
Genesee
August, and from January 1 to September 1, in 1881 and’lS82, 8 miles. Valley.—Track laid between Portageville, N. Y., and Nunda,
are specially compiled for the Chronicle in the table below.
Nevada A Oregon.—Extended northward to Long Valley, California,
In August, 1882, there was an increase of $861,201 in gross 13 miles. Gauge 3 feet.
New Orleans A Northeastern.—Track laid from Meridian, Miss., sontli
earnings and an increase of $588,356 in net earnings. For the
by West to Enterprise. 27 miles. Gauge 5 feet.
eight months there was an increase in 1882 of $2,326,943 in gross,
Oregou Railway A Navigation Co.—The Baker City Branch is extend¬
and a decrease of $62,553 in net, earnings.
ed southeast to Pendleton, Oiegon, 5 miles.
Pittsburg Chartiers A Youghiogheny.—Track laid from C'hartiers, Pa.,
ALL LINES EAST OP PITTSBURG AND ERIB.
issue of $10,000,000
;
It,
\h1
■Gross
1831.
■, *
1882.
Earnings.1882.
$3,189,215
$3,373,321
$1,206,861
$1,0747266
February
3,095,614
March
3,844,304
3,306,750
3,912,293
April
May
3,760,372
3,856,897
1,079,621
1,415,802
1,319,311
1,766,789
$11,870,075
January..
vf
Net
1881.
Earnings.
June
3,807,437
4,108.877
4,093,756
July
3,780,418
4,149,150
August
3,803,978
4,671,179
1,158,104
1,799,2 26
1.655,810
1,688.610
1,488,543
1,490,971
1,114,504
$29,144,235
$31,471,176
$11,932,629
Total
3,855,850
-
1,534,333
1,647,093
2,032,860
As to the lines west ol Pittsburg and Erie, the monthly
reports issued in 18S1 and for the current year show the results
below. The company’s report, however, states a loss this year
against the year 18S1 of $1,548,418.
v.-
ALL LINES WEST OF
-
■*)!
Net Surplus over all Liabilities.
1881.
1882.
■3 J i
J
'
•
[J
HI
January
February
March
]'! i
"f
■fv
i
-
'V
Vi
PITTSBURG & ERIE.
•
$381,539
143,497
411,901
$9,741
Def. 121,307
36,532
April
May
17.017
Def. 101,556
June
38,886
336.347
290,562
July
August
Inc.
or
Dec. in
1882.
Dec..
Dec..
Dec..
Dec..
Dec..
Inc
Inc..
Dec..
..
$371,798
261,801
405,369
479,717
320,038
95,286
157,814
65,709
\
;
5*
Net total..
$506,252
Dec.. $1,653,835
west 5
miles.
Toledo Cincinnati A St. Louis.—Track laid from Ramsay, Ill-, west oy
south to Fillmore. 15 miles. Gauge 3 feet.
Western North Carolina.—The track is extended southwest to Wayne-
ville, N. C., 8 miles.
v
This is a total of 121 miles of
,
new
railroad, making 7,285
„
.
miles tnu*
at the corresponding tira®
1879, 1,267 miles in 18<&,
1,396 miles in 1877, 1,677 miles in 1876, 804 miles in 1375, 1,396 miles
in 1874,' 2,778 miles in 1873 ana 4,970 miles in 1872 —tiadrow
far this year, against 4,774 miles reported
in 1881, 3,607 miles iu 1880, 2,224 miles in
Gazette.
Wisconsin Central—Milwaukee <fe Lake
Winnebago.—The
Milwaukee & Lake Winpebago Railroad, being built iu the
interest of the Wisconsin Central, from Neenah to Milwaukee,
is fast
approaching completion, and will be ready for
regular
trains about October 31. From Neenah to Oshkosh the road
runs side by side with the Chicago & Northwestern, from
kosh to Fond du Lac the two roads do not diverge many rods
Osh¬
place. From Fond du Lac the new road extends to
Schleisingervilie, and then runs into Milwaukee over thetracK
of the Chicago Milwaukee & St. Paul.
at any
_
one hundredth dividend of hve
cent of the Gallatin National Bank, payable Oct. 10,1882The stockholders of this bank mast be well satisfied with the
record of this institution
—Attention is called to the list of coupons to be paid at the-
—Attention is called to the
per
Pennsylvania Railroad—Northern Central.—The direct¬ office of Messrs. Jesup, Patou & Co., this city, on and afterUct.
of the Pennsylvania Railroad have decided to purchase the 2,1882.
unissued remainder of the $600,000 of stock cf the Northern
—The St.’Paul Minneapolis & Manitoba second mortgage
Central Railway which was offered for allotment to the stock- coupons, due Oct. 1, will be paid by Messrs. J. S. Kennedy & to*
ors
%■>
September
J’ltc
THE
30, lyw. ]
COTTON.
Conxnu'vciat jinxes.
Friday, P. M., September 29, 1882.
EPITOME.
COMMERCIAL
375
CHRONICLE
Friday Night, Sept. 29,1S82.
The Movement op the Crop, as indicated by onr telegramE
from the South to-night, is given below. For the week ending
this evening (Sept. 29) the total receipts have reached 136,479
bales, against 77,223 bales last week, 49,512 bales the previous
week and 28,688 bales three weeks since; making the total
weather in this latitude during the past week has been receipts since the 1st of September, 18S2, 296,957 bales, against
bales for the same period of 1881, showing a decrease
unfavorable to trade. In the vicinity of New York the fall of 429,777
since September 1, 1882, of 132,820 bales.
rain has been excessive, causing floods which did much damage
Fri.
Total.
Thurs.
Wed.
Sat.
Mon.
Tues.
Receipts at—
to mill property and bridges, delaying transportation in all
3,045 26,519
5,203
6,023
Galveston
6,611
2,325
3,306
directions and causing some loss of life. The money market
1,062
1,062
Inilianola, Ac.
The
•
been
has also
adding to the
much disturbed, a heavy failure
speculative manipulation. Ac the close, however, the
money market is less active and the weather more settled.
The market for provisions has shown much strength in the
effect of
week, and the speculation in lard was to-day quite active.
Mess pork closed at $21 75 cn the spot and for November*
Lard sold to-day at 13c. for prime Western on the spot, and
closed at 12’97/2C. for October, 12 55c. for November, 12*02><c.
for December and 11 75c. for January.
Bacon was nominal at
14%@15c. for long clear. Cutmeats are scarce and very firmly
held. Swine are arriving now more freely at the Western mar¬
kets. but there is a scarcity of present supplies of their products.
Beef and beef hams are in very light stock. Butter and cheese
have ruled slightly dearer, especially for choice qualities. Tal¬
low closes at S^c.
Oleomargarine quoted at ll%c. Compara¬
tive summary of aggregate exports from Nov. 1 to Sept. 23:
past
1880-1.
1881-2.
980,623,021
lbs. 014,700,173
Total
Rio coffee has been
365,922,843
dull and more or less depressed, with
decline,
sales for future at some
cember and January;
10,545,400
2 82,200,400
73,177,013
or
6‘75c. for November, De¬
fair cargoes have stood at 9@9%c.; mild
grades have sold more freely within the last few days, but at
easy prices as a rule; most of the business has been in Mara¬
caibo, Laguayra and Caraccas kinds. Rice has been only mod¬
erately active at 5/4@7%c. for domestic. Molasses has been
dull and more or less nominal at unchanged prices. Tea has
Raw sugar has been quiet but steady at
fe-.dd lower at auction.
7 7-ltic. for fair refining and S%(aS 5-16c. for 96-degrees test
Centrifugal; latterly the market for raw has been to a great
extent nominal, owing to a steady decline in refined, which
closes quiet at 9c. for standard “A,” 9/£c. for powdered, 9%c.
for granulated and 9% for crushed.
The following showrs the
statistical position of raw :
Hhds.
Receipts since Sept. 1
31,372
47.856
StoekSept. 28, 1881....
48,571.
71,410
Sales since Sept. 1
Stock Sept. 27,1882
Boxes.
91
5,335
7,638
Bags.
307,377
311,719
525,003
764,092
Melado.
123
'49
312
148
Kentucky tobacco has been very dull; sales for the week 106
hhds. for export and 105 hhds. for consumption; total, 211
hhds. Prices are nominal; lugs 6@7/2C. and leaf 8@123£c
Seedleaf continues to meet with
the week
a
brisk demand; and sales for
•
....
....
•
2,10a
4,562
Mobile
1,282
2,703
m
m
....
m m
Brunsw’k, Ac.
1,986
1,111
4,404
1,080
4.707
49
49
5,091
5,381
5,781
5,272
31,717
3,077
....
Moreh’dC.,Ac
City Point, Ac.
Boston
Baltimore
-
-
....
....
1,857
....
....
....
....
....
....
....
....
....
....
i 16
4S2
....
....
For comparison, we
•
....
•
•
2i,gig|
9,961
1,715
1,715
.
19,768 24,584
....
....
1
1
859
2,393
169
169
50
92
40
....
16,201 27,438
4
4,676
2,258
483
485
....
....
Totals this week
....
....
74
4
824
....
1,629
1,694
677
21,553
598
711
o
Pliiladelp’a, Ac.
4,355
....
-
702
1,439
1,084
New York
-
1,237
....
Norfolk
*
....
....
604
677
3,103
....
....
3,222
3,159
4,196
3,518
Pt. Royal, Ac.
....
....
....
Charleston
Wilmington
G,206
3,983
Savannah
23,941
11,950
5,874
2,697
Florida
26,872 136,479
give the following table showing the
week’s
total receipts, the total since Sept.l, 1882, and the stocks to-night,
and the same items for the corresponding periods of last year:
Stock.
1881.
1882.
Receipts to
Sept. 29.
Decrease 1892
55.070.000
(530,385,30 3
205,158,058
lbs. 41,533,000
lbs. 348,184,003
lbs. 221,081,015
Pork
Bacon..
Eanl
•
New Orleans...
Since
This
Since Sep.
This
Week.
1, 1882.
Week.
Sep.
1,1881.
18,514
72,637
746
3.369
33,959
90,302
Indianola,Ac.
1,062
New Orleans...
23,941
Mobile
11,950
70,792
4,654
39,283
19,595
8,316
24,785
49
210
154
395
31,717
76,484
1,344
27,023
100,626
677
527
1.695
21,553
49,089
17,790
52,502
4
4
10
14
7,546
4,036
10,901
282
180
292
9,961
17,104
17,116
41,943
1,715
3,763
3,536
12,62."
1,526
Galveston
26,513
Florida
8avarmali
Brunsw’k, Ac
Charleston
Pt.
Royal, Ac.
Wilmington....
4,676
M’liead C., Ac
Norfolk
City Point, Ac
43,926
......
......
30,137
27,864
5,611
7,408
3,476
11,448
...
47,253
......
86,795
1,574
3,063
1,790
4,295
169
627
585
3,005
6,211
92
1,29S
300
974
4,608
3,254
4,312
296,957 134,756
429,777
1881.
1882.
2
214,807' 381,905
tor six seasons.
5,633
22,725
4,103
33,3 23
24,425
7,021
12,347
172,221
162,303
130,990
17,910
20,497
30.580
14,"69 2
35,480
Wilm’gt’u, Ac
4,676
Norfolk, Ac..
11,676
17,800
4,216
20,652
All others....
3,387
3,531
Tot. this w’k.
136,479
134,756
f
20,173
12,414
5,394
38,853
29,769
5,461
15,247
3,679
18,210
33,958
Charl’st’n, Ac
i
1878.
1879.
1880.
19,260
5« tj
23,941
11,950
31,717
21,557
Mobile
39,580
comparison may be made with other years, we
In order that
Savannah....
13,668
1,066
give below the totals at leading ports
New Orleans.
5,461
3,516
136,479
Galvest’n.Ac.
•••••»
40,725 121,569
1
Pkiladelp’a,Ac.
Receipts at—
57,366
2,399
Baltimore
Total
29,925
1881.
391
New York
Boston
1882.
8,3 L6
7.831
27.023
39,399
31,227
1877.
13,104
9,619
6,326
17,507
12,624
2,439
6,273
1,643
70,040
follows: 1,000 cases 1881 crop New
493,664 410,939 377,448 153,111
England Housatonic assorted 18@24c. and Hartford County Since Sept. 1. 296,957 429.777
Galveston includes India.ola; Charleston includes Port Royal, Ac.;
wiappers 15@25c.; 800 cases 1881 crop Wisconsin Havana seed
Wilmingtonincludes Morehead City, Ac.; Norfolk includes City. Point, Ac.
assorted 16(fi20c ; 100 cases 1881 crop Wisconsin broad leaf
The exports for the week ending this evening reach a total
private terms; 800 cases 1880 crop Pennsylvania good assorted of 45,237 bales, of which 31,552 were to Great Britain, 7,936 to
10^@12^2c., and wrappers 16@25c.; 325 cases 1S81 crop Penn¬ France and 5.749 to the rest of the Continent, while the stocks
sylvania assorted private terms; 200 cases 1881 crop State flats as made up this evening are now 214,807 bales. Below are the
private terms, and 300 cases 1880 crop Ohio 6@7/£c. Also 350 exports for the week and since September 1. 1882.
From Sept. 1.1882, to Sept. 29,1382.
Week Ending Sept. 29.
bales Havana SSc.@$l 15.
Exported to—
Exported to—
^
are
3,525
cases as
Naval stores have been firm, but the close is
a
little dull at
Exports
leum has been
steady for refined on
the spot, closing at 7/4c., but
were tc-day active and buoyant closing at 89%c. for
Oct., 91%c. for Nov., 93%c. for Dec. and 95%c. for Jan. Oils
have been quiet. Metals in fair demand. Wool is rather quiet.
Hops are quoted at 60@67c., but close unsettled.
Ocean freights have been varying
in activity, but latterly
there have been liberal
shipments of grain, closing rates being
3/6d. to Liverpool; 4d. to London; 3^6d. to Glasgow and Hull.
certificates
Dgagements also embraced cotton to Bremen at /£c.; refined
petroleum to Elsinore for orders 4s. 6d.; to Bremen from Balti¬
more
3s.
3d.; to Dunkirk
spirits 4s.
6d.
Rosin to London 3s. 3d., and
Grain to Cork for orders from Baltimore 5s. 3d.
3s.
9d.
Oreat
from—
87/£ for strained rosin and 46^6c. for spirits turpentine. Petro¬
Brit'n. France
Galveston
New Orleans..
Conti¬
Total
nent.
Week.
Conti¬
Oreat
Britain.
Frame
nent.
1,040
0,889
9,450
9,817
10,507
8,980
11,038
2,700
2,704
2,060
1,047
15,503
50,027
5,003
9.673
2,700
*7,233
4,055
5,201
5,947
300
4,001
2.000
31,552
7,930
45,231
89,332
14,233
14,714
9,817
2,507
......
1,040
10A57
Total.
10,857
19,487
Mobile
Florida
Savannah
....
Charleston
.
Wilmington...
..
...
.....
Norfolk
New York
Boston
Baltimore
Phlladelp’a,&c
Total
Total 1881..
*
50.48 1
2,818
1,891
12.496
Includes exports from
5,749
10.420
79 390
Port Roy til, &e.
150,208
14.S70
22 810
03,303
7,233
9,502
5,947
l18,329
193.913
376
THE
CHRONICLE.
13^* Ill January aud February, 1882, large additions to sur port
reoeipta were made, for (missions during previous weeks of a por¬
tion of tho City Point, &o., movement.
Consequently we have now
revised our weekly and monthly tables of receipts
from Sept. 1, 1881,
to Fob. 1, 1832, aud incorporated tbo omissions in tho weeks to
which
they belong instead of inserting them in bulk in December aud January
In addition to above exports, our
telegrams to-night also give
us the following amounts of cotton on
shipboard, not cleared, at
the ports named.
are
The Sales
I Vol. XXXV,
Prices
Futures are shown
by the follow,
ing comprehensive table. In this statement wiq be
daily market, the prices of sales for each month eachfound the
and
of
day, and
the closing bids, in addition to the dailv and
total sales.
We add similar figures for New York, which
our special use by Messrs. Carey, Yale &
prepared for
Lambert, 60 Beaver Street.
On
Sept. 29, at—
Great.
France.
Britain.
New Orleans....
Mobile
Charleston
Savannah
Halves ton
Norfolk
New York
Other ports
Total 1882
Total 1881
Total 1880
Shipboard, not cleared—for
8,235
1,937
None.
None.
None.
Other
Coast-
Foreign
wise.
1,500
2,000
4,500
6,955
Leaving
249
None.
302
None.
500
1,250
4,300
2,200
2,419
Stock.
Total.
10,723
3.250
13,000
26,887
26,580
953
None.
10,332
19.593
None.
3,476
7.250
3,000
40.u03
15,250
47,555
167,252
307.447
210,889
None.
6,100
None.
None.
150
2,000
None.
1,000
None.
None.
27,790
5,587
7,368
6,810
11,433
4,939
7,270 .21,409
10,168
74,458
9,409
101,106
47,863
63,018
None.
1,000
30,002
5,461
None.
There has been great
depression in our cotton market during
owing to a marked increase in receipts at the
ports, good weather for maturing and gathering the crop and
unfavorable foreign advices.
Prices of cotton for future
delivery gave way during Saturday, Monday and Tuesday,
with hardly an effort to sustain them.
On Wednesday a
the past week,
demand to
contracts caused a
momentary reaction
higher figures, but the final close was at a further
decline.
Notwithstanding the very small stocks in the market
September contracts have been the most depressed, specula¬
tion in the distant months
being rather more active. Yester¬
day there was an early decline, followed by an advance, with a
brisk business,
extending largely into the distant months.
To-day there was a fresh decline of 13@18 points, the latter for
September, but in the last quarter-hour September recovered
16 points.
Cotton on the spot lias been in moderate demand
for home consumption, but
very little has been taken for
export.
Quotations were reduced l-16c. on Monday, %c. on
Tuesday and
on Wedneday, with new
cotton offered
from the wharves at
prices below the current figures. The
new cotton now offered is of
better quality, less
being heard of green and gin-cut samples, and of complaint
damp bales.
Yesterday old cotton was steady, but quotations were based
on new
crop, and reduced 8-16c.
To-day there was a further
decline of %c., middling
uplands closing at 11 ll-16c.
The total
cover
toward
sales for forward delivery for the week
are 786,500
For immediate delivery the total sales foot
up this week
5,726 bales, including 1,197 for export, 4,529 for
consumption,
for speculation and
in transit. Of the above, — bales
were to arrive.
The following are the official
quotations and
sales for 3ach day of the past week.
bales.
UPLANDS.
Sept. 23 to
Sept. 29.
Sat.
Ordin’/.$tt>
915i6
Strict Ord.. 103q
Good Ord.. 113lfl
8tr. G’d Ord 11 ®8
Low Midd’g 12
Str.L’w Mid l‘23l6
121116
Midd’g Fair 137i«
Fair
143,*
Wed
Ordin’y.$tt>
Strict Ord..
Good Ord..
Str. G’d Ord
12 Sr
127r
133r
1418
12ie
1218
12%
12%
13%
1350
1430
14
Frl.
Wed
glia
9^s
So1
6
9%
10°16
10ll6
Good Mid.. 1230
Str. G’d Mid 1250
Midd’g Fail 1318
Fair
1370
U13i6
12316
127i6
1215ie
1211
Ordinary
Strict Good
Low
Ordinary
$ lb
111*!,
99,*
1038
Middling
11*16
Middling.....
12
—
103,6
1018
10
109.6
H71G
11^8
10716
ll78
1113.6 1111,6
12316 121,6
I2916 12316
127.6
10*916 10131(, ilia
1130
III4
119.6
11%
1158
lllOjg
1178
11%
121.6
1170
123.6
1214
129.6
1250
12ia
121316
13
1318
130.6
1378
13%
141.6
"{fsg
xVIon Tues Wed
938
9%
if10
lOMo
12lil6
1215,°
139.6 137,66
149.6
105.6
103.6
125.6
131.6
,
Wed
9%
11%
1213.6
97s
10
moo Tae*
105r
911,6
119J6
Sat.
j Frl.
1018
1U»16 123,« ,
12116 129^
12&16 12uqe
12131g ld°16
139,6 14lifi
STAINED.
Good
Tb.
9_7r
12Jl6
Sat.
12M
123a
127i6 120.6 12ia
1213.6 121116 127a
131.6 1219.6 13ia
139.6 13> 135s
149.6 143.6 143s
lOUjo 109i6 ilia
11
H5i« 11 *8
Low Midd’g lll'lb 11%
1130
Str.L’w Mid ll7e
ll^ia 119i6
Middling... 12
TEXA8.
Mon Toes
I27a
1318
| Tb.
9«e
10J8
Sat.
9~8
9%
10
103.6 1018
10516 103la lOSs 109.6 107.6
11
Ills
117.6 113a
1114
119lfi ny.ia 1178 1113.6
11|1,6
1115lfc Ha316 12%
123.6 12116
12
121s
123a
120.6 123.6
Middling... 125i« 12M
Good Mid..
Str. G’d Mid
NEW ORLEANS.
Mon Tue*
143.6
Tb.
Frl.
9Hi6
1018
1015,6 ,0,3l6
1130
11 34
1150
1178
11 %
12
H78
123a
1250
12%
12%
13i8
13
13V
13%
*
Tb.
91ib
97r
107s
10%
109lQ
1115,6 1113.6 1]U,6 Ilia
Frl.
815,6
9%
107,6
1130
Transferable Orders—Saturday.
MARKET AND SALES
SAL MS OF SPOT
SrOT MARKET
CLOSED.
Sat.. Quiet..,
Mon
Q’t, st’y, 1,6 dec
Tues. Irregular. %deo.
Wed
Quiet at % doc..
Tkurs Q t
st.’yv< 6 dec
Ft... Quiet at % dec...
Ex¬
Con-
port.
s amp.
Tran¬
Total.
sit.
FUTURES.
-
Sales.
113
150
270
002
903
cries.
000
334
883
949
797
1.197
4 529
270
73,500
775 119.400
1,113 158,400
883 137,300
....
....
....
500
5,720 730.500
500
day
Tuesday, ll*45c.;
Friday, ll*30c.
The following
•01
•42
•03
•16
pd. to
pd.-to
pd. to
pd. to
prf-
ll-95e.
for
Sept.: Monday,
ll'5J)c;
Wednesday, 1110c.: Thursday, ll‘15c.>
exchanges have been made during the week:
exoh. 200 Dec. for Nov.
exeh. luO Jan. for May.
exeh. 1.000 Oct. for Mar.
exoh. 500 Jan. for Oct.
The Visible Supply
1.5 19 10 >.500
1.131 137,400
Tae daily deliveries giveu above
are aocualiy delivered
the
vioua to that on which they are
rep >rled.
Deliv
~
.
Total
for Oct.:
VXD TRANSIT.
^5
Includes saVe for August, 1833, 2,800.
A Includes sales for August, 1883, 300 at 12-01.
H Includes sales for August, 1833, 1,100 at 11-93® 12-00.
C lueludes sales for August, 1833, 200 at 11-97 and 500 at 11-93.
D Includes sales for August, 1883, 700 at 1 l-87@ll-99.
E lueludes sales for August, 1333, 100 at 11-39.
of
-13 pd. to exoh. 1.000 Jan. for May.
-10 pd. to exeh. 100 Jan for Feb.
*01 pd. to exoh. 100 Nov. for Jan.
1
Cotton,
c
as
made
telegraph, is as follows. The Continental
of last Saturday, but the totals for Great
up
bv cable
and
stocks are* the figure#
Britain and the afloat
for the Continent are this week’s returns, aud consequently
brought down to Thursday evening; hence, to make the totals the
complete figures for to-night (Sept, 29), we add the item of exports
from the United States, including in it the eroorts of
Friday only.
77,700
-
Total Great Britain
Stock at Havre..
Stock at Marseilles
Btook at Barcelona
Stook at Haiuourg
Stock at Bremen .
BtOJk at Amsterdam
Stook at Rotterdam
Stock
1882.
*181.000
bales.
Liverpool
London
Stock at
Stook at
THE CHRONICLE
30, 1882.]
September
558.700
111,000
1.600
23.000
2,900
31.900
9.900
stock
1881.
1880.
1879.
655.000
42,200
468,000
233.000
52,900
60,591
697.200
168.000
520.900
72,300
8,540
40.100
4,200
293.581
102.650
1,961
11,949
2,300
26.703
26,170
1,938
4,300
36.000
atotiieroonti’ntal ports.
300
9,000
42,200
21,800
2,830
2,300
17,000
21,900
11,000
3.750
continental ports....
139,400
30S.330
184,451
177.424
758.100 1,005.530
207.000
128.000
71,000
119,000
705.351
90.000
126.000
471,005
123,611
56,209
17,000
8.928
105,334
311.905
78.735
298,831
8,232
45,000
12,000
Total
Total European
1,800
stooks..
..
afloat for Europe,
India ootton
ffnerti cotto* afloat for Eur’pe
14.000
Em>t,Brazil, &c., aflt for E’r’pe
214.807
Btook in United States ports ..
33.744
Stock in U. 9. interior towns..
6,600
United States exports to-day..
18.100
2,530
981
16.000
391.905
*194,000
56,000
Continental stocks
American afloat for Europe
515,000
158.000
119,000
391,905
105,334
8,232
71.000
214.807
33,744
United States stock
United States interior stocks..
United States exports to-day..
6,600
Total American
East Indian,Brazil, die.—
576.151 1.287,471
Liverpool stook.
297.000
stock
Continental stooks
India afloat for Europe
Egypt, Brazil, &c., afloat
Total East India, &e
Total Amerioan
293,000
95,000
86,000
84,000
56,209
298,831
126,000
311.865
78.735
919,600
N.
Va.
.
.
towns.
0
C.
X
a
w
to
CO 10
M
H
X
|U
bo botOM m"©
X
H
M
lo
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toit-K><iooo
te-
00 •■£ C5 -1 CD a ©
to
c
t.
w
CCD
c
Oj
w
w
00
'
o
©
toeucMfCco©
"to
to
35 31 GO © CO OR ©
CD 35 if* to
-0 ©
to
tO
89,451
93,424
123,64 L
729,100
476,530
424.351
919,600
90,000
17.000
8,928
433 574
589,247
rf-
h
co
H OT-i
£
w
tNwciib. ai©<|
u
Ot0
M
©
Mo
N.
C.
Vicksburg, Shrevpot,
Montgm’ry.Ala
.
HMH
Jfc-MJD
CO
M
JCCO^COpOD
'co©Vco'tOM©oc<jcotcMMT-i'a»b«7-*i-»©
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.
^ **
tc
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co
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it-
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tO © MCxAj M m ©"*&■
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CO CJUO £- © C'< © M W © — tO © 00
bD
i£.
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Mm
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tOCOJOJOWCO
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cc M M to M M CO
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—
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-•
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M to
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M
to M to M m to
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tp- M 30 jk O' 00 DO to XM-0 to -1 Oh © O' to
©"-1 oo m © © © © *m *© m e'-ib be cd© © to
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© to © © M M © (M © CM M X © © -4
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v
bales less than for the
same
time in 1831.
801
48,273
45,371
21,04*3
8,894
17.086
1,438
1 798
30,199
53,052
83,000
10,144
8.396
20,538
21,123
33,07 8
13.002
29
33.608
31,471
32,712
39,302
3.682
16,535
3,107
3,204
49,491
14.827
20,926
40,423
15,526
41,323
57,410
75,452
102,09') 94.052 49,512 51,674
136.413 112,298 77,223 77,8*58 103.779
172.221 131.7>8 136.4731 90.311 124.520
086
24.231
16,519 07.707
29.681
19.115 115,067 112.094 52,106
29,985 102,607 140,820 88,003
40 622 15:0.004 155,503 153,116
The above statement shows—1. That the total
plantations since September 1, in 1882
1881
were
BOS,873 bales; in 1880
were
were
receipts from the
327,094 bales; in
551,157 bales.
2.
That, although the receipts at the out-ports the past week
were 136,47£ bales, the actual movement from
plantations wa
153,116 bales, the balance going to increase the stocks at
the interior towns.
Last year the receipts from the
planta¬
tions for the same week were 155,503 bales and for 1880
they
were
190.634 bales.
Weather Reports by Telegraph.—Dry weather has
pre¬
vailed in almost every section of the South
during the past
favorable. Picking is pro¬
gressing in an exceedingly satisfactory manner.
Galveston, Texas.—It has rainoi lightly on two days of the
past week, the rainfall reaching eight hundredths of an inch.
The rain was local, and throughout the interior it has been
warm and dry.
Crop accounts are the best ever known.
Picking is progressing finely. Average thermometer 74, high¬
week, and crop reports
are
very
Palestine, Texas.—We have had warm and dry weather all
frS’
rM,
$
r-
£
«
ft
2
5? 5
MS
o
(JO*
6
'o'
■§
»SS‘
%
CO
o
M
00
00
M
CO?!*
©
show that the old interior stocks have in-
7
4ft
week. The cotton crop is the finest ever grown.
Picking is making good progress. Average thermometer 69,
highest 86 and lowest 52,
Huntsville, Texas.— The weather has been warm and dry
the past week. Very satisfactory progress is being made in
picking. Crop3 are excellent. The thermometer has ranged
from 59 to 86, averaging 69.
Weatherford, Texas.—We have had warm and dry weather
during the past week. Excellent progress is being made in
picking. Crop accounts are more favorable. The thermometer
has averaged 80, tho highest being 82 and the lowest 63.
Belton, Texas—Warm and dry weather has prevailed
during the past week.
The cotton crop is magnificent.
Picking is progressing finely. The thermometer has ranged
from 51 to 89, averaging 70.
Luling, Texas— The weather has been warm and dry all of
the past week. We still hear rumors of the appearance of the
caterpillars, but think them of very little importance this
late. v The cotton yield will be very large. Picking makes
of the past
S3
to
,
24,140
to 92.
©
Cp
p M fctto JHjk ^ Mtoto^-pcop©
m bo x"m V) M
b<"—1 bn -0 "ot “ o "in © cw cp
52.441
0,120
4,815
4,811
6,350
12.352
•
--
to to m © © ol © to tc
cj* ©
© m — m k
M ot <J M 00
COtOCO©COCItiM©tOD'M©
68.277
54118
2,780
fO
week 16,431 bales, and are to-night 71,590
an af the same period last year. The receipts at
0 towns have been 24,724 bales less than the same week
are ina^onL ,8ince September 1 the receipts at all the towns
o»o89
the
last
...
52,505
44.324
38.800
11,115
8,072
11,982
a
ft
to?r
>.
pyj jo co mm cc jo
pjt-^xcop
bogc*© xct’McobeMtxotb; cbo*o"-oco
m to © to co to © © © cn © cj* O'
crp/»o«5^?ve. totals
13
25.
2.081
O
^8 year’s
figures estimated.
bales
44
753
31,622
28.270
1832.
'
M
ft
Ift
ft
CO»e.©Ot©©OLMCO-q©MWCJ«©©MCO^J
JO
11
19,811
05.750
1881.
*
a drizzle on one day of
rainfall reaching but two hundredths of an
really magnificent. The thermometer has
ranged from 63 to 87, averaging 74.
Dallas, Texas.—It has drizzled on one day of the past week,
the rainfall reaching three hundredths of an inch. Good pro¬
gress
is being made in picking. Prospects are first class.
fe
Competition for labor is running up the rate of wages for
2
picking
; some farmers are paying from one dollar to one dol¬
2
lar and ten cents per hundred pounds, while others are giving
o
one-half the yield for picking the other half. The thermome¬
& ter has averaged 68, the highest being 87 and the lowest 48.
2.
Brenham, Texas.—The weather has been warm and dry
©
during all of the past week. Picking makes good headway.
The cotton crop is generally regarded as safe, and will be very
00
00
to
large. The thermometer has averaged 77, ranging from 61
)*>
©
L:
CX CO vl
CO © tC) W
'S'
©bebn
COtOCO©tO©CDCOM©OiCOt0^1C O-ltO —
c/>
©
to
M
to
V*#
JOQPpe^MO*
M
1*2
rii
M
•-
CJI
oc to
QC3U0
to
00
<*
r>
c*
1
JO© JOMt^MpMM©
©"tO © MOOy ©"tOKMl
o^b o»oo©or to ©» © to
o
05
C5
y
h
<1
to
§g
3.-1Wtt'XvlOH|t».©OHt-OOOMit*X
M M M
CO
CO
H
17,818
4,404
1880.
the past week, the
inch. The crop is
©CO©tDOt0»O)0t)-‘^-0<©W©©a(XitCM
00
m
10.151
8,982
8.691
35,454
83, lowest 64.
Indianola, Texas.—We have had
Selma, Macon, Augsta,
D
a
l
s
,
J
e
f
r
s
o
n
,
M
e
m
p
h
i
s
,
Columbs, Texas Nashvile. Ala* Ga Columbs, Ga Towns.
Ala
Mis. Mis. La. Tex.* Ten. Teun. Ga.
Ju
C0Chm*Qm©01
o
to
cc
M~M
1>,853
4
74.003
est
rj
o
Ct
©
o«
19,3*52
70.749
69.682
589,247
60.581
1-4
tCM
13,148
28
8,142
9,150
28.088
147,000
H
™
21......
1882.
73.012
52.900
Oi
M
18.199
Rec'pts from Plant’ns.
1881.
15
175,000
Cincat, Charlote,
O.
10.691
SVk at Interior Towns.
1880.
61,117
140,000
42.200
150,330
128,000
16,000
R
o
m
e
,
Louis. Ga GaAtlan, GaGrifn, Eufal,
old
S
14
1882.
8
77,700
143,400
207,000
14,000
St.
Total,
Aug.
1881.
23,032
: 1,305,251 1,761.001 1,373,931 1.022.821
678 L
77i6(l- -—OtSiG-l.
6L» 1.
Petrsbug,
reham.B Houstn,
towns Tex. Tex. Ark.
July
1880.
40,722
At the Interior Towns the movement—that is the
receipts
for the week and since Sept. 1, the
shipments for ohe week, and
the stocks to-night, and the same items for the
corresponding
period of 1881—is set out in detail in the following statement:
Raleigh, Newbry,
Receipts at the Torts.
42,032
igyTlie imports into Continental ports this week have been
13,000 bales.
The above figures indicate a decrease in the cotton in sight
to-night of 458,750 bales as compared with the same date of 1881,
a decrease
of 63,700 bales as compared with the corres¬
ponding date of 1880 and an increase of 232,430 bales as com¬
pared with 1879.
,elivsuoL
Week
ending—
Sept, 1
*
The stock at Liverpool, according to the estimated running count,
would be 513,000 bales; but actual count makes it 37,000 bales ions,
The actual American in stock is also found to bo 25,000 bales loss than
the running estimate.
Rok. Ky
receipts from plantations.
52.207
12,000
45,000
576,151 1,287,471
Total visible supply
Prioe Mid. Upl., Liverpool
new
consumption; they are simply a statement of the
weekly movement from the plantations of that part of the
crop
which finally reaches the market
through the out-ports.
22
London
Litle
Southern
totals of American and other descriptions are as follows’
American—
Total, Total,
all
Receipts from the Plantations.—The
following table is
prepared for the purpose of indicating the actual movement each
week from the plantations.
Receipts at the outports are sometimes misleading, as they are made
up more largely one year
than another at the expense of the interior stocks.
We reach
therefore, a safer conclusion through a comparative statement
like the following. In
reply to frequent inquiries we will add
that these figures, of course, do not include
overland receipts or
52.207
1 ,305,251 1.761.001 1,373.951 1,022,321
Total visible supply
01 the above,the
26,700
377
THE CHRONLCLE-
378
excellent progress. The thermometer has averaged 72, highest
Q3 and lowest 51.
New Orleans, Louisiana.—Wo have had no rain the past
Tveek. The thermometer has averaged 73.
Shreveport, Louisiana.—The
all of the past
weather has been clear during
The thermometer has ranged from 53 to
week.
85.
rain during
the nights have
Vicksburg, Mississippi.—There has been no
the past week. The days have been warm, but
been cold. Picking is making good progress.
continues to be used it may
be permissible to point out that itia
seller of future delivery
actual cotton and every
buyer must receive what he has bought when tendered. The
only way m which the word “ option” can apply at all is that the
seller has the choice of the entire month of such delivery sold
giving five days notice to the buyer. Thus while there is a solid
basis for every contract for future delivery the term “option”
conveys a different meaning. If seller and buyer agree to
a misnomer inasmuch as every
is under the obligation to deliver the
really
make
a
settlement there is nothing to hinder it, but if either
have had no rain during the party claims delivery the actual cotton must be delivered and
received, the contract remaining in full force until all its condi¬
past week. Three-fourths of the crop is open and farmers are
tions are complied with. There is a prescribed penalty under
badly behind in picking. The thermometer has averaged 71,
the by-laws in case of unintentional delay. But should a
party
ranging from 58 to 84.
to a contract fail to carryout any of the provisions of his
Little Rock, Arkansas.—The weather has been fair to clear,
excepting on one day of the past week, on which we had light contract, such as receiving or delivering cotton, such act excludes
rain. The rainfall reached forty hundredths of an inch. Crop him, according to the by-laws, from settlement, and subjects him
to suspension from membership of the Cotton Exchange.
gathering is progressing very satisfactorily. Average ther¬
To all engaged at the Exchange in the future business the
mometer 64, highest 77, lowest 51.
aforesaid is of course nothing new, but outsiders are likely to
Memphis, Tennessee.—We have had light showers on two
be misled by the term “option.” Would it not therefore be
days of the past week, the rainfall reaching five-hundredths of
advisable
to drop the expression, it being at all events
an inch.
The thermometer has ranged from 50 to 79, averag¬
Columbus, Mississippi— We
incorrect ?
ing 64.
Jute Butts, Bagging, &c.—The demand has shown some im¬
Nashville, Tennessee—We have had no rain the past week.
The thermometer has averaged 64, the highest being 79 and provement during the week, and though the orders continue to
be for jobbing quantities the total amount of stock moving is
the lowest 48.
considerable.
Prices have not changed, but the feeling is
Alabama.—It
has
on
one
the
past
Mobile,
rained
day of
week, the rainfall being inappreciable. To-day is rainy. The steady, and holders are quoting 7/£c. for 1 Yz lb., 8c. for 1%
crop is developing promisingly, and good headway is being lb., 8%c. for 2 lb. and 9%c. for standard grades. The demand
made in picking. The thermometer has averaged 70, ranging for butts continues to be of a light character, and little inquiry
is noted for large parcels; The market is steady, and at the close
from 54 to 85.
Montgomery, Alabama.—We have had warm and dry weath¬ holders are asking 2^@2%c. for paper grades and 2%@2%e.
er all of the past week.
The weather has been splendid for for bagging qualities.
the last fortnight. Picking is making excellent progress, and
Hand-Book of Daily Cable Records.—We have received
the planters are sending their crop to market freely. The from Mr. John Jones, of Liverpool, a few copies of his “ Handthermometer has ranged from 52 to 82, averaging 68.
Book of Daily Cable Records,” and have them for sale at one
Selma, Alabama.—We have had no rain during the past dollar each. Besides the ordinary features of this annual, we
week. The crop is developing promisingly, picking is progress¬ notice that it also contains this year statistics of the Brazilian
ing finely and the crop is being marketed freely. Average crop, stocks of cotton at Continental ports each week, the Board
thermometer 65, highest 78 and lowest 55.
of Trade returns of British exports of yarn and cloth, and
Madison, Florida.—Telegram not received.
Liverpool weekly returns of visible supply. This, as our read¬
Macon, Georgia.—The weather has been warm and dry ers know, is a very convenient little book, and we gladly recom¬
during the past week. It is cloudy to-day. Cotton picking is mend it to the trade.
*
progressing finely.
Average thermometer 69, highest 85 and
lowest 56.
Comparative Port Receipts
and
Daily Crop Movement. -
A
comparison of the port movement by weeks is not accurate
Columbus, Georgia.—We have had no rain during the past
as the weeks in different years do not end on the same day of
week. The thermometer has ranged from 62 to 90, averag¬
the month. We have consequently added to our other standing
ing 80.
tables a daily and monthly statement, that the reader may
Savannah, Georgia—The weather has been pleasant all of
constantly have before him the data for seeing the exact relative
the past week, with no rain. The thermometer has averaged
movement for the years named.
The movement each month
73, the highest being 90 and the lowest 62.
since September 1, 1881, has been as follows.
Augusta, Georgia.—Weather has been cool and pleasant
In January and February, 1882, large additions to our port
during the past week, with light rain cn one day. The rain¬ receipts were made for omissions during previous weeks of a portion of
5
reached
fall
twelve
hundredths
of
an
inch.
The
crop
developing satisfactorily ; picking progresses very well, and
the staple is being marketed freely. The thermometer has
averaged 71, ranging from 58 to 87.
Atlanta, Georgia.—We have had no rain during the past
is
The weather for two weeks has been very favorable
for cotton. Average thermometer 64*37, highest 77, lowest 50.
week.
Charleston, South Carolina.—It has rained
the past
dredths.
Year
Monthly
Receipts.
Sept’mb’r
wreek, the rainfall reaching one inch and nine hun¬
The thermometer has ranged from 62 to 89, aver¬
Novemb’i
two
Sept. 28, ’82. Sept. 29, ’81.
Feet.
New Orleans...... ...Belowhigh-water mark
Memphis
Nashville
Shreveport
“Vicksburg
...Above
...Above
...Above
...Above
low-water mark.
low-water mark.
low-water mark.
low-water mark.
11
9
2
8
15
Inch.
9
6
5
9
2
Feet.
13
6 '
1
0
6
inch.
9
2
2
0
New Orleans reported below high-water mark of 1871 until
Sept. 9, 1874, when the zero of gauge was changed to high-water
mark of April 15 and 16,1874, which is 6-10ths of a foot above
16 feet above low-water mark at that point.
Cotton “ Options.”—The frequent use of the term “
option”
Jfco express future delivery sales of cotton has no doubt
appeared
ftt m&ry inappropriate. It is alsojin some measure
or
because it is
harmful,
1880.
1881.
days of
on
aging 71.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at 3 o’clock
September 28,1882, and September 29,1881.
1871,
tlieCity Point, &c., movement. Consequently we have now reviseilour
weekly and monthly tables of receipts from Sept. 1, 1881, to Feb. 1,
1882, and incorporated the omissions in the weeks to which tlieybelong
instead of inserting them in bulk in December and January.
October..
Deoemb’r
January
February.
.
March...
April....
May
June
July
August...
Corrct’ns.
429,777
458,478
853,195
968,318
974,043 1,006,501
996,807 1,020,802
487,727
571,701
572,723
291,992
257,099
147,595
113,573
68,079
36,890
45,113
17,314
475,582
284,246
190,054
131,871
73,572
115,114
123
Beginning September 1.
1879.
333,643
888,492
942,272
956,464
647,140
447,918
261,913
158,025
110,006
88,455
54,258
67,372
42,714
1873.
1877.
1876.
288,848
689,264
98,491
578,533
822,493
900,119
689,610
472,054
340,525
236,86?
675,260
901,392
787,769
500,680
449,636
182,937
100,191
779,237
892,664
616,727
564,824
302,955
166,459
84.299
29,472
13,938
18,081
458
Total year 4,720,364 5,874,090 5,001,672 4,447,276
Perc’tage of tot. port
10000
9915
-9999
receipts Aug. 31
.
Corrections
Total port receipts..
197,965
96,314
42,142
20,240
34,564
52,595
68,939
36,039
17,631
14,462
G6,29>
4,345,645 4,038,111
98-79
oo-oo
00-85
oo-oi
01-21
10000
10000
100*00
10000
93-36
01*64
100-00
Aug. 31 the receipts at the
1,153,726 bales less than in 1880-81 an
This statement shows that up to
ports this
year were
281,308 bales less than at the same time in 1879-80.
The receip s
not'only calculated to mislead but may even tend since September 1, 1882, and for the corresponding periods
to influence judicial decisions, As the designation “
option” the five previous years have been as follows:
o
THE
30,
September
5,609
10,356
10,132
rfiepM-
5,037
3,490
5,669
1,843
10,512
1.391
13,859
9,063
7,637
18,792
14,754
9,315
8.616
11.096
13,054
10,86.
8,181
"
1 /
“
19....
16,593
9,606
“
20....
12,733
21....
13,039
17,187
“
19
...
u
44
**
«
23...-
16,201
24....
S.
25....
27,133
21,616
19,70S
26....
44
41
“
S.
.
8.
5,12 4
4,878
13,115
1,701
1,655
7,982
7,069
3,033
1,398
3,108
1,66 4
17.797
29.8 42
1 1,674
15.117
8.
8,537
10,714
10,370
13,999
15.62 8
S.
2J,06 2
16,191
12,215
15,127
8.
16,361
20,900
12,99 3
10.423
5,063
8.
13.470
14,071
10,032
4,109
17,206
19,476
15,551
13,996
29,700
15,866
8.
14,955
3,553
30,306
20,049
17,032
11,125
16,933
8.
11.302
17,749
26,420
8.
2,735
6,3 40
4,049
19,484
17,905
8.
30,355
23,729
21,332
18,579
9,470
S.
21,733
19.141
22,465
26,603
s.
19,975
5,543
7,922
22,976
8.
13,534
13,814
23,679
18,016
31,231
8.
29
2,514
2,159
6,254
10.156
8,450
396,197
430,597
302,843
261,174
93,272
08-39
07 33
06 05
05-94
0219
tola
of
Sept.29
Alexandria, Egypt,
Sept. 23.
1882.
This statement shows that the receipts since Sept. 1 up to
to-night are now 99,240 bales less than they were to the same
day of the month in 1881 and 133,840 bales less than they were
to the same day of the month in 1880.
We add to the table
the percentages of total port receipts which had been received to
^September 29 in each of the years named.
This week....
Since Sept. 1
1,200
1,200
This
week.
Exports (bales)—
To Liverpool
Total
*
Europe
a oautar is 93
1 Shipments
Shipments
this week.
since
Jan. 1.
Brit'n,
Conti¬
nent
1882
-188!
6,000
3,000
1880
1,000
5.6*00
1879
Great
Total.
6,000
Britain
j Conti-
This
Total.
nent.
Week.
!
Since
Jan. 1.
845,000
5,000 1,624,000
5.000 1,163,000
2,000 1,082.000
596,000
7,000
9,u00 716.000.603,0 >0 1.349,000
304.000 542,000
846,000
6,000 357,000 188,000
6,000 249,00013 47,000
799,000
According to the foregoing, Bombay appears to show a
compared with last year in the week’s receipts of
hales, and an increase in shipments of 9,000 bales, and the
shipments since January 1 show an increase of 503,000 bales.
The movement at Calcutta, Madras, Tuticorin, Carwar, &c., for
>the same week and years has been as follows.
—crease
01LCUTTA, MADRAS, TUTICORIN, CARWAR, RANGOON AND KURRACHBE.
Shipments since January l.
Shipments this week.
Year.
Great
Britain.
1882
1881
1880
1879
6,000
Conti¬
nent.
Total.
2,000
1,000
1,000
i’b'oo
8.000
2,000
3.000
Great
Britain.
Conti¬
303.000
188,000
200,000
200,000
156,000
71,000
80,000
459.000
259,000
280,000
106,000
306,000
Tola*.
nent.
The above totals for this week show that the movement from
the ports other than Bombay is 7,000 bales more than same
week last year. For the whole of India, therefore, the total ship¬
ments this week and since Jan.
1, 1882, and for the corresponding
weeks and periods of the two previous years, are as follows.
4,700
2,500
214
4,000
214
840
9381
4.914
4,914
3.340
4,938*
1882.
32*
Cop.
Europe
from—
Th is
week.
Uombav...
9,000 1,349,000
8,000, 459,000
All other p’rts
Total
Since
Jan. 1.
17,000 1,808,000
This
week.
1,000
Since
Jan. 1.
This
week.
846,000
259,000
l.oooj 1,105,000
This last statement affords a very interesting
total movement for the week
ending Sept. 28
fears up to date, at all India ports.
Alexandria Receipts
1880.
1831.
1882.
BWnments
6,000
Since
Jan. 1.
845,000
280,000
6,000 1,125,000
comparison of the
and for the three
Shipments.—Through arrangements
We have made with
Messrs. Davies, Benachi & Co., of Liverpool
aad
Alexandria, we now receive a weekly cable of the movements
of cotton at
Alexandria, Egypt. The following are the receipts
and
^shipments
Dor the past week and for the corresponding week
ot the
previous two
years.
This
Since
week.
Sept. 1.
750
....
1,073
1,828
....
d.
d.
1881.
Oott'n
Kid.
8H lbs.
Twist.
Shirtings.
d.
s.
d
s.
“
d.
7 La
7
Shirtings.
d.
9ifl ® 9*1
© 9^8
87s © 9L
9i8 © 9%
878 © 9L
8 78 ® 9
87s © 9*2
878 © 91*
9
© 9*i
9^8 © 9*i
9
7116
73 IQ
7*8
7a8
7
7ha
7
678
Ootfn
Kid.
8 k lbs.
Cop.
Iwist.
d.
“
The Exports
32*
JJpl '8
J’ly 28 991Q®10i4 6 6 ©8 0
Aug. 4 9*2 ©10*8 6 6 ©8' 0
“
11 9*3 ©lO^a 6 6 ©8 0
U
J w 9‘ii® 97a,6
6 '3)8 0
“
25 9=% ® 978|6 6 -3)3 0
Sept. 1 9:*s © 978, 6 4Lj ® 7 10Lj
8 9^8 lb 978' 6 4^37 10^1
15 9^8 ® 97s'6 4 *2® 7 10 L
li
Qi)
93s © 97b!6 4ia®7 10*3
44
29 93,3 © 978;6 3
®7 9
a.
d.
6
6
6
6
6
6
6
6
6
6
9
9
8.
©8
©8
0
0
5*297
8
9
0
©8
TJplde
d.
613m
7
5*297
5*297
8 *2
5h97
8 *2
8 *2
0
0
5*297
6
©8
©8
6
8*2
61*1*
615i*
7H
J*1[«
714
7Le
Cotton from New York this week show an
of
increase, as compared with last week, the total reaching 15,50ft
bales, against 13,608 bales last week. Below we give onr usual
table showing the exports of cotton from New York and their
direction, for each of the la3t four weeks ; also the total exports
and direction since September 1, 18S2, and in the last comma
the total for the same period of the previous year *.
Exports of Cotton (bales) from New York since 8hpt. 1.1882.
Week
Total
Same
Sept.
Sept.
Sept.
Sept.
since
6.
13.
20.
27.
period
prevVns
Sept. 1.
year.
13,161 16,808
8,720 11.638
3 oi
Great Britain 13,161
to
endingTotal
Exported to—
9,020 11,638
16,803
50,327
41,168
300
450
50,627
41,618
Havre
Other French ports
1,015
1,789
1,122
1,047
5,003
4,109
Total French
1,045
1,789
1,122
1,047
5,003
4,109
77
1.030
325
100
1,511
3.588
1,323
1,783
50
2,393
3,973
312
2,863
2,818
9,072
7,232
601
••••••
Bremen and Hanover
Hamburg
Other ports
1,297
940
79
4 0f>
590
Total to North. Europe
2,314
1,077
....
601
Spain, Op’rto, Gibralt’r.&c
All other
Total
*
601
601
16.520 19.674 13.606 15,503
Grand Total
The Following
are the
5,597
......
Spain, Ac
65,303
52.959
Receipts of Cotton at New York
Boston, Philadelphia and Baltimore for the past week, and
since September 1, 1882:
New York.
Receipts
from—
This
week.
| Since
Scjit. 1
Texas....
4.240
7,827
11,681
2 4,589
Savannah
3,561
18,178
S.Car’lina
5,935
14,444
N.Car’lina
Virginia..
653
N, Qrl’ans
Mobile
Florida.
Boston.
This
week.
2,402
| Philadelphia.
ounce
Sept. 1.
3,339
This
week.
Baltimore.
Since
This
Since
Sept. 1.
week.
Sept. 1.
770
1,286
3,701
6,417
500
105
246
1,130
...
.
842i
3,679! 1,050
245
1,153
834
357
1,250
3,301
1,117
This year.
23,998, 75,1901 4,843
9,007
3,671
5,314
4,693
9,403
Last year.
25,686
80,8721 2,39 2
5,835
2,049
3,842
2,536
10,785
1,458
North, pts
Tenn.. &c.
1,066j
146
70S
Foreign..
of cotton from the United
week, as per latest mail returns, have reached
25,024 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 Wednesdaynight of this week:
1
Total bales.
Shipping
EXPORTS’TO EUROPE FROM ALL INDIA.
io ail
-
Receipts.
..
Fear! Great
Since
StpLt 1.
receipts for the week ending
1,200 cantars and the shipments to all Europe
were 4,914 bales.
Manchester Market.—Oar report received from Manchester
to-night states that the market is declining. We give the prices
Li verpnol
YEARS.
This
week.
were
Other British ports
RECEIPTS AND SHIPMENTS FOR FOUR
Since
Sept. 1.
1,350
1,500
This statement shows that the
Sept. 23
enable
B'MIliW
20,000
27,550
IDs.
India Cotton Movement from all Ports.—The figures which
collected for us, and forwarded by cable each Friday, < f
the shipments from Calcutta, Madras, Tuticorin, Carwar, &c.,
in connection with our previously-received report from
Bombay, to furnish our readers with a full and complete India
movement for each week.
We first give the Bombay statement
■for the week and year, bringing the figures down to Sept. 28.
1880.
4,700
To Continent
are now
us,
1881.
Receipts (cantars*)—
8.
7,341
6.238
24,321
port rec’ats
754
4.103!
5,451
379
616
7,116
S.
4,858
15.773
b
1,003
7,636
20,469
Peroem a.
4,224
s.
24 534
296,957
4,927
2,194
1,246
15,616
26,872
.ffotal
8.
4,051
4,799
.3.
28....
...
403
16.595
37,550
25,495
27....
8.
5,708
--
2,264'
6.474
S.
1877.
1878.
1879.
1880.
1881.
CHRONICLE.
News.—The exports
States the past
Liverpool, per steamers Adriatic, 2,374—Ari¬
1,756. ...Baltic, 1,3/6. ...Britannic, 2,3 .2... .Egypt,
New York—To
zona.
Virginian, 1,325....
Gallia, 1,189
Havre, per steamer Franco, 1,047
1,236
To
To Bremen, per steamer Salier, 325....
To Hamburg, per steamer Frisia, 10a...
...........
To Antwerp, per steamers Hermann, loO
To Stettin, per steamer Katie, 1,593.... ....... ..............
New Orleans—To Liverpool, per steamer Commander, 2,470...
To Havre, per steamers Espanol, 1,526.
ado
Baltimore—To Liverpool, per steamer Hibernian, 800
To Havre, per steamer Mount Lebanon, 300
To Bremen, per steamer Leipzig, 1,502
Waosland, 6oO.
...Fournel,
BostGn—To
Liverpool, per steamers Bulgarian,
560....Malta,
966...,.Iowa,
afur*
LgJZ
low
80G
2,470
2,091
gw*
i,ova
Total bales.
Pennsylvania, 800...
Philadelphia—To Liverpool, per steamer
800
25,024
Total
usual
particulars of these shipments, arranged in our
form, are as follows:
The
Liver77a rnHavre. Bremen. bur</.
vool.
New York
N. Orleans
Baltimore
2,091
800
3C:0
Boston
8U0
100
Ste tin. Total.
1,503 15,503
4.561
2,001
1,502
1.553
800
800
17,200
1.827
3,433
1,503
800
100
25,02 L
freights the past week have been as follows:
Cotton
have been
Ant-
toerp.
1,558
Phlladelp'a
Total
325
1,017
11.G33
2,470
Friday, P. M„ September 20,
1333
The flour market has been dull and
sail-.-d.
eral cents, but
by
Do
sail
Bremen, steam, .c.
sail
Do
c.
sail...d.
Do
Amst’d’m, steam.c.
Do
sail...d.
Do
sail
c.
ber contracts in that market has at times been no less than tea
16®752
®32 ® I*
532 ® ’4
532® !4
314 ® t4
cents, but there has been scarcely any difference here of late
between these options, as there has been little or no short in¬
terest in this market.
The statistical position, in the views of
....
....
1c'5'9ie*
....
....
V
Lj*
....
....
....
....
....
....
732*
732*
....
....
....
•*
....
....
V
V
....
....
....
•
32*
....
«...
34*
34*
....
....
mm
30*
30*
....
....
....
....
•
....
34*
•
1^*
..c
....
*2*
....
•
9I6#
....
V
•
....
32®916‘
716-l532 716"l532* 716-1532"
V
.
.
....
....
1a'8>9ir)'
....
•
....
mm
1132*
V
-
•
•
Compressed.
Liverpool.—By cable from Liverpool, we have the following
Statement of the week’s sales, stocks. &c., at that port:
Sept. 8.
Bales of the week
bales.
Of which exporters took ....
Of which speculators took..
Bales American
Actual export
Forwarded
Total stock -Estimated
Total stock—Actual
Of which American—EstimM
Of which American—Aotual.
Total Import of the week
Of whicn American
Amount afloat
Of which American
Sept. 15.
Sept. 22.
46,500
53,000
40,500
5,600
3,000
4,800
1,820
2,200
450
31.500
37,500
11,000
3,800
10,500
605,000
4,900
562,000
26,500
9,900
4,600
539,000
267,000
237,000
229,000
37,000
8,800
163,000
27,000
20,500
27,000
21,500
157,000
35,000
11,000
171,000
13,000
Sept. 29.
40,000
4,400
750
26,500
6,100
3,800
518,000
481,000
219,000
191.000
23,000
20,500
172,000
44, C 09
The tone of the Liverpool market for spots and futures each day of the
week ending Sept. 29, and the daily closing prioes of spot cotton, have
been as follows:
Saturday Monday.
Spot.
Market,
12:30 p.m
{
J
Mld.Upl’de
Dull
and un¬
changed.
7
Wednes.
Tuesday.
Mod.
inq.
freely
Easier.
supplied
7
Thursd'y.
Friday.
Dull.
Dull.
Flat and
irregular.
615ig
7
Mid.Orl'ns
73ie
7316
73i0
7*16
Bales
5,000
8,000
7,000
7,000
73q
7,000
500
1,500
1,000
1,000
1,000
Bpec.& exp.
G78
738
7,000
1,000
Futures.
Market,
)
12:30p.m.
J
Market,
5
P. M.
)
\
Flat.
Very dull.
Quiet.
Flat.
Dull.
Dull.
Quiet.
Flat.
Steady.
Quiet.
Flat.
Flat.
The aotual sales of futures at Liverpool for tiie same week are given
below. These sales are
unless otherwise stated.
on
Sept.-Oct
Sept
8ept.-Oct
Sept
Sept.-Oct
d.
Oct.-Nov
G37fl4
020,34
633,J4
665g4®34g4
045fl4
/®4164 ®4:*64
OCt.'NOV... 634tj4'®33t-4
Delivery.
Sept
d.
G62e4
MONDAY.'
659(34'a>58fl4 I Juno-July
640G4 I Jan.-Feb
Oct.-Nov
NoV.-DeC
I
I Oct.-Nov
6^,34 | Nov.-Deo
Go7e4 I May-June
sept
G3564
63iP4
636G4
Oot.-Nov
Nov.-Dee
631g4 ®30g4
Deo.-Jan
Jan.-Feb
626^
62064
Oats have fallen 1 to 2c. in
sympathy with some
the Western markets ; a good trade in options has
while the cash business has been rather moderate.
Irregular, with cash being
higher; No.2
39%@40%c. for Novem¬
was
The following are
closing quotations:
FLOUR.
bbl. $2 50® 3 CO
3 05
3 00 d)
Superiino
Spring wheat extras..
do bakers’
Wis. & Minn, rye mix.
Minn, clear and stra’fc
Winter shipp’g extras.
Patents
2 90® 4 00
4 25® 5 00
5 50®
7 oO
5 00 ®
G 50
4 50®
7 50
3 90® 4 40
5 75®
S 50
.G3064®29.,4
6-8g4
.63i64®30G4
May-June ..63&64®34G4
.
June-July
Mar.-Apr
Oct.-Nov
Nov.-Dee
63®g4
G3i,;4
63264
628G4
62S>C4
63264
034G4
642G4
Mar.-Apr
May-June..
June-July
Sept.-Oct
Oct.-Nov..
Jan.-Feb
Feb.-Mar
June-July
Sept.-Oct
Sept
63iG4
Oct.-Nov
G2?64
Jan.-Feb
623G4
635G4
L..64iG4
6&ig4 ®&°t;4
630^
62%4
Wheat—
®
®
Spring.per bush.
Spring No. 2
Bed winter
Red winter,
White
No. 2
Corn—West, mixed
West. mix. No. 2.
Western white
Southern white..
...
93
'®1 07
08
13
1 05 *3 5 1
85
®1
®
65
68
®
72
®
70l4
70x4
....
70
76
73
yellow..
Western
....
Sept
6*8g4
Bept.-Oct... 6*o64-»39G4
Oot,-Nov...
Nov.-Deo
Apr.-May
May-Jnne
June-July
Dec.-Jan
Jan.-Feb
flept
Bept.-Oot.
OoL-Nov..
®2464®2i>64
625^
623t4
648^
60fii
.630G45i29^4
Nov.-Dee. ..62004
Oct.-Nov
Feb.-Mar
Friday.
June-July
Sept
Dec-Jan
Jan.-Feb
Sept
Sept.-Oct
62004
Oct.-Nov
Mar.-Apr... Q*864 #27^
Apr.-May
63064
May-June
631^
Mar.-Apr
Apr.-May
May-June
Feb.-Mar
62964
Corn meal—
•20® 4 25
30® ....
50® 3 80
Western, &c
Brandywine, &e.
Rnolrur’t flonn
1 (Lillis!
Rye—Car lots
Boat loads
Feb.-Mar
Nov.-Deo
i Oats—
Mixed
White
No. 2 mixed
No. 2 white
35
®
40
38*3* 52
3734* 38
45^ ®
Barley—
MOO
Canada No. 1
Canada bright...
10*5 0108
93
85
State, 4-rowed...
State, 2-rowed...
77
Canada....
'®,
80
State, 2-rowed...
Barley Malt—
......
l
»1 00
9
90
®l 30
State, 4-rowed...
628C4
62064
(>29G4
63ie4
Mar.-Apr
625G4
Jan.-Feb
City shipping extras. $5 25® 5 65
Southern bakers' and
family brands
5 253 7 25
Sjuth’n skip’g extras. 4 85® 5 40
Rye Hour, superiino.. 3 50® 3 91
®
®
®
Thursday.
b25(?4
To-day the
mixed sold at 3S@332£p. for October,
ber and 39%@40%c. for December.
market
TUESDAY.
Nov.-Dee..
Jan.-Feb
Feb.-Mar.
Feb.-Mar
630fi4®2964
weakness in
taken place,
GRAIN.
Wednesday.
Sept...... ..653g4®52fl4
BepL-Oet
64iG4
at 95c.
No. 2 spring...$
No. 2 winter
Delivery.
d.
60^04
647G4
Delivery.
to favor the bears, as the receipts are steadily in¬
the
West, and the outlook for the crop is of the
creasing at
most favorable kind.
There has been a large speculation ia
options, the transactions yesterday being especially important
and at times a very good business for export has been done’
though any advance in prices, it is observed, is apt to restrict
the foreign trade to a very moderate volume. To-day the
market was again weak, prices declining /£@lc., with a fair busi¬
ness at the concession ; No. red sold at $1 05/£@1 O6/2 for Sep¬
tember, $1 05%@1 06^ for October, $1 06%@1 07% for No.
vember, $1 08%@1 09% for December, $1 09/£®l 10% for
January and $1 10% @1 12 for February.
Indian corn has declined 4@6c. per bushel during the week,
and has been quiet on the spot, though there has been a brisk
trading in options. Yesterday there was some reaction, caused by
smaller receipts at Chicago and the report that they are likely
to be light there next week.
Still the weather has been fine at
the West, and there has been a large increase in the available
supplies there of late. The estimates of the best-informed sta¬
tisticians still point to a yield far in excess of any ever before
known in this country. To-day the market was irregular, op¬
tions declining %@%c.,while cash was about that much higher;
No. 2 mixed sold at 68c. for October, 67%c. for November, 63%
@64e. seller the year and 59%c. for January.
Rye has been dull and to a great extent nominal. Barley
and malt have been almost entirely neglected ; the former has
been scarce, and a small sale of malt was made at $20 cash for
six-rowed State. To-day a load of No. 2 Canada barley sold
many, seems
the basis of Uplands, Low Middling clause,
SATURDAY.
Sept
advance in Chicago, where a corner on September has
running. The difference between September and Octo¬
an
Fri.
Baltio, steam....d. ll32'®38* 1132®V
Baroel na, steam.c.
sail...e.
Do
sudden reaction, caused
Thurs.
V
Hamburg, steam, d.
a
Wednes
1C®916+
c.
latterly there has been
Tues.
....
Havre, steam—c.
so
Mon.
Satur.
Do
slow that dealers have
attempted to stimulate business
by concessions. To-day the market was still dull and depressed
The wheat market in the fore part of the week declined sev¬
been
been
Uverpool, steam d.
declining. The receipt*
large, wheat has declined and the sale of flour has
632e4
62864
62564
May-June
Nov.-Deo
Dec.-Jau
Jan.-Feb
Apr.-May
8ept.-Oct
Oct.-Nov
632G4 Oct.-Nov
64764-s 40,,4 Dec.-Jan
624G4 Feb.-Mar
62464 Sept
645G4 Sept.-Oct
63864 Nov.-Dee
62804 Jan.-Feb
6S5e4 Apr.-May
62«64 May-June
62464 June July
....630fl4
(Fi'orn the “ New York Produce Exchange Weehhj.”)
63064
624g4
624G4
624e4
628e4
640g4
629^4
Receipts of flour and grain at Western lake and river
Sept. 23, 1882 :
for the week ending
Flour,
bblg.
At—
..62764
62364
62464
64464
637^
62364
62364
62764
62%*
63iM
(196 lbs.)
Wheat,
bush.
(GO lbs.)
Corn,
Oats,
bush.
(56 lbs.)
bush.
Chicago
46,829 1,057,032 1,097,983
Milwaukee
Toledo
Detroit
Cleveland
Bt. Louis
Peoria
Duluth
53.820
618
4,373
118,465
11.310
697,609
195.297
77,202
3,000
2,500
9.255
96,500
622
16,900
56,393
1,163
5,200
415,101
7,250
219,758
Total
169,018 2,727,415 1,293,285
Same time ’81. 183,896
926,939 3,474,701
Barley,
bush.
p'»rtB
Rye,
bush.
(32 lbs.) (48 lbs.) (56 lbs.
482,069 149,237 75,196
9,125
45,600 143.330
29,234
42.635
3,600
103,554
190,135
1,802
6,767
4,223
22,343 16,566
7,200 12,650
THE
30, 1862.]
September
Total receipts at same ports
1882, inclusive, for four years •
..bbls.
Flour....
1881-82.
1880-81.
1879-80.
1878-79.
6,470,276
4,418,183
4,747,288
43,051.737
53.061.840
101,1 12,966
33.222.485
115,275,065
2,008,7-7
1,983.916
Rye
....
Peoria
171,794 899
5,506.617
Comparative receipts (crop movement) at same ports from
1382, to Sept. 23,1832, as compared with the previo'us three rears : 1882.
1881.
Julv 61,
1880.
1,352,125
1,172,903
.bbls.
Flour....
] 879
1.079,123
1,002,319
ST
7!1.1: u.uo.sll
oS""'.::
11,524,850
13.628.314
33.539,"52
6.768.871
1,575.329
20.111,115
27,593,817
770,250
1,009,310
1,030,784
56,617,532
17,921.713
6,370.693
2.133,620
1,496,904
45,952,033
56,521.706
58.840,297
54.543,162
Barley*::
800,428
Rye
Total flraln...
8,371,265
1.683.316
Comparative shipments of Hour and grain from the same
pons from Dec. 31, 1881, to Sept. 23, 1882, inclusive, for four
years:
1881-82.
1880-81.
1879-80.
Flour
bbls.
5,412,605
6.430.845
3,332.431
5,147,918
meat
bush.
38,262.415
50,926,337
100,990,744
21,293,646
2.446.082
39,968,231
86,841,351
27,230.902
2,615.674
2,052,220
1,531,320
2,009,695
57.82 L,345
66,854.158
17,020,00 L
2,741,367
3,189.058
52,146,836
Com
Tito
26.915,396
sL-lev *
SJV.f.:
Total grain
121,822,919
....
Sept. 23.
.bbls.
177,472,585
147.625.929
bush.
1881.
1880.
Week
Week
1879.
Week
Sept. 25.
Sept. 27.
Sept. 24.
146,489
133,240
692,923
289,585
564,143
138,717
238,557
1,266.478
785,897
179,543
67,330
96,013
Rye
Baltimore
91,703
113,893
307,725
328,910
541.975
1,145,353
108,413
62,352
310,883
346,065
222,566
21,767
1,752,698
Rail and lake
Week
Down Mississippi.
On rail...,
On lake
On canal
266,510
1,035,330
‘2,102,239
1,325,000
Tot.
Tot.
Tot.
Tot.
Tot.
Tot.
Sept. 23,’82. 13.287,951
Sept. 16,’82. 13.636,830
Sept.
Sept.
9, '82. 12.780,612
2. ’82. 1 2,045.595
Wheat,
Corn,
bush,.
bush.
oois.
Sept. 23... 191.6 11
Sept. 16... 193.939
Sept, 9... 178.406
Sept. 2...154,903
2.528,614
2,350.991
2.120,899
2,206,731
Tot., 4 wks.721,879
9.207.235
Receipts of flour and grain
Sept. 23:
Flour,
bbls.
Wheat,
To—
Pork,
bbls.
London
Liverpool
88,373
17,706
74.393
297,119 441,451
563,937 268,398
for the week
Barley,
bush.
573,916
95,035
8,800
143,150
2,600
123,200
61,000
56,950
756,760
159,054
10,500
14,128
16,600
Total week... 301,021 2.778.696
892,257
Baltimore
New Orleans...
50,063
234,444
bush.
1,100
1,125
1;500
4,200
4,500
44,553
tfheat
839.487
6,425
7,700
734,013
Sept. 23,
1881-82.
1830-81
1879-80.
1878-79.
8,223,579
9,318,060
7,323,942
7,028,803
bush. 57,679,121
90,831,176
112,054,239
16,437,275
100,339.723
1,086,427
1,033,853
3,503,046
1,830,533
3,105,932
algrain ....107,656,130
130,431,563
222,514,589
205,260,753
24,863,275
21,714,182
Barley,
2,313,475
Bye...
Xo
6,700
31,428
73,437,150
82,486,415
21,421,172
2,045,258
1,038,568
Com
9at3
Exports from
Sept. 23,1882:
From—
Portland./]".]
Montreal...*]'
Philadelphia.*.’
Baltimore
New Orleans..
83.0 L2,833
10,371.032
United States seaboard ports for week ending
Flour,
bbls.
Wheat,
bush.
115,131
43,513
1,570,812
106,530
21,109
9,020
257,448
293,755
9,774
654,420
416,153
2,824
231,371 3,299,118
Corn,
Oats,
Rye,
bush.
bush.
bush.
127,570
8,937
11,990
250
20
80
18,731
Pea?,
bush.
3,542
18
16,341
Barley,
bush.
Rye,
370
300
bush.
412
21,062
493
5,535
248.882
112,412
130,000
3,907
334,002
293,813
83,900
26,553
17,035
l',500
3,237
13,900
9,124
14.391
19,275
415,400
971,6! 2
630,000
564,143
77.653
138,717
50,000
67.330
96,598
19.700
68,300
6,700,533 5,766,702
6,705.689 6.157,097
328.584
195,05 l
760.785
725.136
119.920
87.560
709,169
581.897
6.59 1,686 6,610.64 L
6,251.762 5,898,101
40.097
875,021
635.107
649.914
829,929
Marseilles..
96,280
190,350
9
24
906,150
10
50
20
15
50
56,200
250
84
914,460
.
Amsterdam..
Antwerp
Copenhagen..
'
Cheese,
Lbs.
2,735,851 2,933,180
78,100
548,500
27,075
21,152
113,525
36,720
Tallow,
lbs.
478,200
299,900
22,000
74,980
215,000
16,500
148,750
118,200
14,000
Italy&Md.pts
Brazil
Mexico
....
Central Am..
63
269
89
743
..
Cuba
Hayti
West Indies. .1
Brit.N.A. Col.
lbs.
302,300
Gorman ports
S. America
422,900
335,750
Bacon,
128,000
.
Bremen
lbs.
95
50
221
...
Lard,
139,244
2,034,209
....
Bristol
Hull
Havre
Bordeaux
Reef,
bbts.
l,482i
30
5
114
59
164
'49
35,000
240
11,800
52,019
126,580
101,080
36,950
248,341
Otli.coimtries
Total week
638
5
363
161
65
4.545
3,683
Prev’s week
2,053
2,579] 4,589,519
THE
DRY
4,189
5,719
28,354
21,748
6,181
100,184
3,100
13,632
6,396,745
2,761
1,917
1,200
2,025
3,732
8,067
72,241
12,009
1,619
120
7,800
3,210
3,347,999 3,760,632 i ,004,280
3,149.099 2,463,008
188,990
GOODS
TRADE.
Friday, P. M., September 29, 1882.
The past
week has witnessed a less active demand for dry
goods than was expected by commission merchants and import¬
ers, and the jobbing trade was checked to some extent by the
unfavorable condition of the weather.
The stringency of the
money market has also tended to restrict operations on the part
of wholesale buyers, and their purchases of fall and winter
goods were consequently governed by actual requirements; but
some fair orders for spring woolens, white
goods, dress fabrics,
&e., were placed for future delivery. The tone of the market
has lost some of its late buoyancy, but prices are
steadily main¬
tained
the most desirable fabrics.
The failure of a large
jobbing house (Wellington Bros. & Co.) caused great
surprise in the trade, as the firm had been in very good credits,
on
Boston
Total receipts at same ports from I ec. 26, 1881, to
1882, as compared with the previous three years :
.bbla.
700
1,683
Cor. week ’81.. 221,593 1,980,205 1,919,01.
Flour.
Rye,
bush.
bush.
212,591
28,548
495
791
834
931
Glasgow
Rye,
90,633 153.087
Oats,
provisions from New York,
Boston, Baltimore, Philadelphia, Montreal, Portland and New
Orleans, for week ending Sept. 23, 1882, and their distribution:
bush.
138,717 125,593
Oats,
bush.
699,794
1,200
19,567
28,604
24,405
31,361
bush.
at seaboard ports
Corn,
bush.
119.496 1 ,398,538
77,286
106,700
Philadelphia...
1,443,261
Barley,
1,290.159 1,726,916
1,179,238 1,915,568
ended
NewYork
Boston
Portland
Montreal
Oats,
hush.
805.113 1,065.859
1,262.447 1,157,682
4,537,257 5,866,025
4,848,668 11,926,413 3,113,401
Aw'ks 81..589,237
At-
1,952,753
Corn,
bush.
Aug. 26,’82. 11,565,661 5,587.8 I t 3.635.097
Sept. 21, ’81. 19,651,811 25,908.683 6,437.203
Exports of Provisions,
The following are the exports of
shipments from same ports for last four weeks:
Flour,
endino—
2,566,493
163.725
863.163
..
Total
69,686
16,013
62,003
721.389
1 ,‘222
235.200
:.
Hamburg....
159.217,478
1882.
Week
Wheat
Corn.........
Oata
Bariev
2,252.163
from Western lake and river ports for the
Rail shipments
weeks ended:
Floor.
1878-79
bush.
Philadelphia
Indianapolis
Kansas City
1.48,569,855 183,292,532 204.497.772
Bariev...
Wheat,
Boston
Toronto
Montreal
73,763.930
23,432,760
4.574,357
3,4.08,415
381
In Store at—
66.615,407
26,393.677
4.289,052
*2,173,133
33.574.735
5.618,936
Totaltfraln
from Dec. 26, 1881, to Sept. 23,
5.442,197
47,090,581
60,301.651
>Vneat.... ..bush.
Cor i!.
Oats
CHRONICLE.
1,350
<•
250
and had
discounted their payments within a few weeks.
of this failure has not transpired, but the lia¬
bilities of the firm are about $696,000, against nominal assets
even
The exact
of about
cause
$625,000.
Domestic Cotton Goods.—The exports of
domestics for the
2,076 packages, including 608 to Great Britain, 583
to China, 298 to U. S. of Colombia, 136 to Hayti, 136 to Venezu¬
ela, 72 to Mexico, 56 to Brazil, &c. Plain and colored cottons
ruled quiet in first hands, and the jobbing trade was only mod¬
erately active. Prices have not materially changed, and really
desirable goods are generally steady; but low-grade fabrics are
a trifle easier in some cases, and the tone of the market is
barely
so firm as a short time ago.
Print cloths were in moderate de¬
mand, and while 56x60s are steadily held because of the light
supply, there has been a slight decline in the price of 64x64s,
which are now quoted at 3%c. less 1 per cent, with plenty of
sellers at these figures. Prints were in moderate demand only
week
were
and
ginghams ruled quiet; but an increased business was done
goods at lower prices.
The
visiblesupply of grain, comprising the stocks in granary
Domestic Woolen Goods.—There was a steady call for small
at the
principal points of accumulation at lake and seaboard
reassortments of heavy cassimeres and suitings by the
^raiLS^ ky rail and water, Sept. 23, 1882, was as trade, and the same class of buyers continued to placeclothing
fair or¬
Wheat,
Corn,
Barley,
Oats,
Rye,
ders
for light-weight cassimeres, suitings and worsted coatings
instore at—
bush.
bush.
bush.
bush.
bush.
New York
1,793.999
744,358 2!,555,086
129,676 for future delivery; overcoatings were lightly dealt in, and
1,105
163,000
33,000
108,000
^afloatVest.) 622,000
1,000
58,000
93,123
26,000
32,000 there was a lessened demand for cloakings. For light-weight
Buffalo.’/"
439,009
395,709
93,855
18,672 satinets there was a moderate inquiry, but Kentucky jeans
1,801.406 2,300,647
147,453
591,580
78,455
tee
217,204
5,337
21,652
17,684 and doeskins continued quiet with agents.
10,042
Soft wool dress fab¬
baluth.
132,000
Toledo.
rics
and
sackings
continued
to
move
steadily,
and leading makes
528,651
56,889
50.336
21.147
Detroit.
149,087
906
3,526
3,814
are
D^ego.
largely sold ahead. Flannels and blankets were somewhat
50.000
138,000
10,000
392,050
205,946
104,668
19,403
21,395 quiet, but fairly steady in first hands. Worsted dress goods,
130,131
2,043,456
156,751
861,096
9,187
23,911
18,734
32,003
4.392
62,331
followan^
......
in cotton dress
THE
382
CHRONICLE.
and carpets
shawls and skirts met with moderate sales,
were
Knit underwear, fancy knit woolens
jobbed in fair quantities.
[VOL. XXXV.
Receipts of Beading Articles of Domestic Produce.
The
following table, based upon daily reports made to th»
Exchange, shows the receipts of leading
goods was articles of domestic produce in New York for the week
ending
only moderate and mostly confined to a few specialties. Dress with Tuesday last (corresponding with the week for exports)
goods were less active, but silks were in fair request, and also the receipts from Jan. 1, 1882, to that day, and for the'
plushes and velvets met with considerable sales. Linen goods corresponding period in 18 -1 :
were inactive but steady, and laces and lace goods were dis¬
Week ending
Since Jan. 1,
Same «m«
tributed with considerable freedom, privately and through the
1882.
Sept. 26.
last year.
auction rooms. Hosier}*- and gloves were in fair demand, and
and wool hosiery ruled quiet and steady.
Foreign Dry Goods.—The demand for foreign
g
there
New York Produce
Ashes
Beans
steady call for embroideries.
was a
llmportKtlous ol'Dry G»ods,
importations of dry goods at this port for the week
ending Sept. 2$, 1882, and since January 1, and the same facts
for the corresponding periods of 1881, are as follows:
The
Total Ent’d
at
the
forcnsumpt.
port.
is
*2
Silk
!§
ST’
Total
p
.
Cot n Wool
a •
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Total Ent’d
Flax Silk Cot n Wool
Manufctres market. forcnsumpt. Miscelanou iManufetrs Miscelanou Manufctres
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113,362
2,565
3,569.100
101,465
..bush.
—bush.
..bush.
.bush.
1,091,316
27,9.82,719
4,090.972
154,743
8.760
651,207
322,950
74,430
23,009
--bags.
11,600
441,715
...bags.
917
163,913
No.
2,190
1,777
90,999
46,431
...pigs.
..hhds.
Turpentine, crude. ...bbls.
bbls.
Turpentine, spirits.
...bbls.
Oil, lard
Oil, whale.
Xjk
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12,
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shows
Jan. 1
H-
J
00
CO
to
following table, compiled from Custom House returns,
the foreign imports of leading articles at this port from
to Sept. 22, 1882, and for corresponding period in 1881:
{The quantity is given in packages when not otherwise specified.]
1881.
1882.
China, Ac.—
»
China
Earthenw
.
©lass
Glassware.
©lass plate.
.Buttons
•Coal, tons...
Cocoa, bags.
Coffee, bags.
Cotton,bales
©rugs, Ac—
Bark, Peru.
Blea. powd.
Cochineal.,
'©ambier
.
.
23.543
44, L7‘J
38o,908
7,585
12, -li8
14,720
42,288
2,2z 1,8 to
5,04 O'
9.214'
44.05U
10,250
28.144
2,070
11,717
0.370
Indigo
0,882
..
..
Flax./.
Furs
Gauity cloth
Hides. Ae.
200
9,*32
33,8 7 2
02.732
003
..
225,578
—
Ivory
Jewelry ,Ac-
Jewelry...
2,013
0,335
GO, 11 t
1,800
2,590
Molasses....
1,010
177,58 s
91,788
Metals, Ac—
Cutlery...
5,542
.
.
linseed
Hard-**
Spelter, ibs
Steel
234,460
83,240
192,862
30,174
14,501,008
20,706
1,582,109
804,555
1,199,634
11,903,163
132,132
1,514,110
Tin, boxes. 1,600,192
Tinslbs.,lbs 12,170,808
47,1327 Paper Stock.
170,341
1,920,804; | Sugar, hhds,
548,624
8,301;: tcs., A bbls.
Sugar, boxes
21,339'! and bags... 2,363,697
14.747
Tea
3,380 Tobacco....
3
/
3 j
287.889
513,671
2,259,297
646,413
57,061
32,4)0! Wines, Ac.—
o,
1881.
868,945.
.
42,200
Cliamp’gne
baskets
4,008 !
430:! Wines
41,215. Wool, bales.
..
148,295
152,024
105,037
183,323
35,008
51,59*
9103 Reported by
4,553' value.
37,553 Cigars
00,354 Fancy goods
0,013 Fish
$
1,432,998
1,256,931
492,162
7,700 Fruits, Ac.—
1,672 Lemons
$
1,245.853
1,146,193
302,373
1,651,248 1,001,671
1,027,910 1,335,143
220,218 Nuts
1,131,376
070,746
Raisins
1,424,192
667,072
1.700! Hides, umlr. 14,320,748 14,805,915
5,185
5, o'/2 Rice
148,832
51.207. Spices, Ac.—
2,507 Cassia
129,175
66,261
37,246
Ginger..
60,218
279.021
1,311 Pepper
255,431
847 Saltpetre
259,492
257,7*7
173,427 Woods—
00,051 Cork....
553,54.4
752,611
Fustic
109,844
103,288
550,127
5,175 Logwood ..
533,154
..
5,278| Oranges
.
...
,
.
Hides, itr'sd
India rubber
Watches
43.530
4.2ms
iM.emp, Lai 3$
Bristles
417
0,1 73
10,007
Hair
“
38,SG8:
Gum, Arab.
Madder, Ac
-Oil, Olive..
Opium
Soda, bi-cb.
Soda, sal...
Soda, ash..
Metals, Ac18,427:i Iron, pig...
HR. bars
38,001 i
340.084 Lead, pigs.
47.0-57
4,173
1882.
!!
are
7
'•»
731
28,333
2
1,210
82,465
354,718
1.385
61,515
230,361
..pkgs.
6,160
132
8,574
1,561
59,325
96,168
815
95,497
29,332
837,478
10, *30
75,411
33,818
693,611
9*6,733
1,732.388
547,394
249,941
3,325
173.034
861
416307
672
213
81,730
13,048
.galls.
..pkgs.
..pkgs.
.pkgs.
..pkgs.
..pkgs.
2,078
11,607
.
25,493
49,828
10,3 19
...bbis.
tcs. A bbls.
No.
Hogs, dressed
Rice."
..pkgs.
Spelter
..slabs.
Steariue
..pkgs.
33,133
1,124,697
2,284944
458,052
405,485
215,469
35,429
45,276
99,753
16,649
757
9.323
3,922
23,529
16,083
.pkgs.
00
831
38,521
cases.
4,039
93,520
113,279
..hhds.
...bbls.
1,41 L
3,477
82,393
143.55 L
70,477
166,203
907
92,125
79,745
Sugar
.
boxes A
The
following table, based upon Custom House returns, shov s
from New York of all leading articles of domestio
produce for the week ending with Tuesday last; also the exports
from the 1st of January, 1882, to that day, and for the cor¬
responding period in 1881 :
the exports
Week ending
Sept. 26.
Ashes, pots
Ashes, pearls
Beeswax
Same time
last year.
1,069
bbls.
bbls.
551
49
195
lbs.
10,378
52,371
3,596.273
2,508
2,743,748
2,756
80,48 L
1,336,428
26,708.000
17.90L
9,320
1,024,575
Flour, wheat
bbls.
Flour, rye
bbls.
Corn meal
Wheat
bbls.
bush.
Rye
bush.
Oats
bush.
Barley
bush.
Peas
bush.
bush.
Corn
Candles
Coal
Cotton
Domestics
cwt
Sperm
Lard
Linseed
Petroleum
Provisions—
Pork
Beef
Beef
Cutineats
Butter
6,767,017
31,928
49,842
796,875
317,894
15,323
189.310
24,993,285
43,818
50,043
421,222
106,232
67,494
19,917
11,976
2,076
496,129
575
687
40,463
419
140
88
18,899
245,622
10,121
5,1 60
62,472
1,571,530
1,804,853
6H0
80.391
185,479
163,067
118,884
308,136
26,279
106,530
17,207
166
265
17,709
.
8,319
139,100
8,693
4,050
219
236.781
30.928
gals.
5,983,161
282,709,864
251,213,092
bbls.
2,835
1,203
122,196
29,331
33,317
146,323
34,664
40,035
lbs.
bbls.
lbs.
.-.
.hhds.
bales and
cases.
Tobacco,manufactured, lbs.
—*
6,558
284,787
33,970,351
4,538
lbs.
Tobacco, leaf
112,359
2,614
156.137
gals.
.gals.
gals
gals
bbls.
tierces.
lbs.
lbs
Cheese
Whalebone
610
bbls.
bbls.
bbls
....bbls
bbls.
Rosin
Tar
Pitch
Oil cake
Oils—
Whole
Tobacco
3,038
202, *68
1,060
pkgs
bales.
bales
Spirits turpentine
145,721
44
tons.
bales.
Naval Stores—
Crude turpentine
...
-
pkgs
Hay
Hops
Lard
345,900
Since Jan. 1,
1882.
Bread-stuffs—
Rice
Tallow
348,967
'
...bbls.
45
Peanuts
..
Mahogany.
75
67
19,447
2,902
444.258
6,672
Imports of Leading Articles.
The
68,526
113,852
29,664
48.946
2 112,800
111,970
3,429
52,737
Exports ol Leading Articles of Domestic Produce.
a1
Hto-I*
*4 © © © X
© © if* © OI
©tc © Ol-J^
p—
19,833
824,400
s
Oo
*
*j
QC tO
621’565
r--
...
©
cp
3,434,864
182,989
81,559
1,679
328,273
.
Whiskey
152,518^495
345
.
Tallow
Tobacco
Tobacco.
662,130
34,991,225
...bbls.
..bbls.
Wool
|t*
I-1
49,762
2,523,874
418,616
2,067
5,663
..
Rosin
Tar
Pitch
Oil cake
3.640
66,944
21 ,o83
......
...bbls.
35,737,2(15
11,017,699
858
..sides.
2 8.V7
,278
22,341
..bales.
Provisions —
Pork
Beef
Cutmeats
Butter...
Cheese
95,
..bales.
...bbls.
40
Leather
Load
Molasses
Molasses
Naval Stores—
4.426
12,962,401
3,804,043
454,830
596,959
......
X © ©
-4
©w
w©
...bbls.
.
Lard
Lard
*
V
*4
57,295
Rye
Eggs
© /j op oi ^
CO © W © M
X *» CO -4 ©
iC
29.295
Hops
MMi-4—4
©
J!
to
>
-»
of—
49
3J9
Corn
Oats
Peas
Cotton
Cotton seed oil
Flax seed
Grass seed
Hides
Hides
I
Oi
CP iff tO tO -4
if* CP © t c to
© O' © — to
£*
to —
X *-*
Total
of—
1
-j
—
Flax Silk Cot n Wool
Breadstuffs—
Flour, wheat
Corn meal
Wheat
...bbls.
...bbls.
lbs.
985
2,134,445
287,919
1,525,643
6,290,296
873
408,576
2,677
1,445
217,649
180,066,477
299,554,660
5.146,615
79,110,115
108,700,911
15,953,435
123,214,435
14.623
17,028,741
80,753
36,062
5,026,208
169,953
a
oaQ
@FedFRASER