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HUNT’S
MERCHANTS’
%
REPRESENTING
THE
Uftw0p*p£&
INDUSTRIAL AND
VOL. 37.
COMMERCIAL INTERESTS
The
THE OHRONTCT/F.
Tho Financial Situafi< n
215 | United States'
Treasury State¬
Pools ami Tlii ir Auilmrity
217
ment
257
Colton Movement ami Cron of
Monetary
and
Commercial
1582-83
210
English News
:
257
The Debt Statement for Aug.,
Commercial and Miscellaneous
1883..:
250
News
250
THE BANKERS’ GAZETTE.
Money Market, Foreign Ex¬
Quotations of Stocks and Bonds 202
change, U.S. Securities, State
New York Local Securities
205
and
Railroad Bonds and
Railroad Earnings and Bank
Stocks
2C0
Returns
201
Range in Frioes at the N. Y.
Investments, and State, City
8toek Exchange
201
and Corporation Finances..
205
The Chronicle.
Commercial
and
Financial
New York every
1 Entered
at the Post
TERMS OF
OE
THE
UNITED
SATURDAY, SEPTEMBER 8, 1883.
CONTENTS
The
MAGAZINE,
'published in
Saturday morning.
Oilice, New York, N. Y.,
as
second-class mail matter.!
SUBSCRIPTION-PAYABLE IN ADVANCE:
For One Year (including postage
For Bix Months
do
Annual subscription in London
(including postage)
8ix mos.
do
do
do
NO. 950.
gullible ; but it is not in
things for distrust, which has been many
months in growing, to be so suddenly
removed. We have
seen
no
reason
for - the panicky
feeling Wall Street has
long indulged in ; it has done great harm to all indus¬
trial interests, and was
only possible because of the meagre
the nature
course, very
of
information
stockholders
are
regard to their investments
allowed
to
receive
with
hence, too, the power specu¬
the properties.
But commercial affairs
are now
taking care of themselves—they are beginning to
prosper in spite of Wall Street, and it would be well if
lators have
the
Chronicle is
public is, of
STATES
two
;
over
interests
could
remain
divorced.
however, as that cannot be, all classes
the present distrust is at an end.
will
Of
ciurse,
rejoice when
Certainly, the condition of the country and prospect¬
ive
traffic
liberal purchases for investment,
plenty of idle capital which would
1 8s.
WILLIAM
B.
eagerly
take
DANA & CO.. Publishers,
anything permanently promising 5 per cent.
■WILLIAM B. DANA.
79 & 81 William Street, NEW YORK.
JOHN <3. FLOYD.
But
with
regard to stocks, the managers give out so little
Post Office Box 958.
information, the prevailing feeling just now is that to
THE FINANCIAL
SITUATION
purchase is not safe at any price. Take, for instance,
In outward appearance the humor of Wall Street has
wbat has been, and even now is,
generally considered one
changed during tbe past week. Instead of the daily vary¬ of the best of them—New York Central. On December
ing movement in values, first up and then down again, lfith this stock sold at 1321 ex 2
“per cent dividend.
we have
had a nearly uninterrupted advance.
Of course March 15th the price was
125g, and June 15th was 122g,
some properties have
not shared in it, for at such a time in each instance ex the usual
quarterly dividend of 2 per
there must always be exceptions, out as a rule the whole
cent.
The stock sold recently at 1131, but is now
higher
list has been marked up.
Furthermore, almost the entire again. At the latter price it
certainly ought to be very
gossip and talk of the Street, instead of, as heretofore, cheap. But who knows whether it is? No reason
has
being mainly of panics and disasters, has been engrossed been assigned for the decline from 1321 last December
with accounts of the
country’s glorious future, the immense except the mere fact that the New York West Shore &
crops, the floods of traffic which are now said to be assured, Buffalo has meantime
begun to do business, and that is
and the active demand for stocks from outsiders and
no
reason at all,
for, if rates are maintained, the past
investors, with very free takings by European buyers tonnage movement shows there will be
traffic enough for
claimed to be already realized.
both.
Yet no one outside the directory, or a few favored
So far
these
as
crops
statements
and
are
east-bound
undoubtedly
traffic
$10 20.
0 10.
£2 7s.
are
correct;
concerned
but, without
and
encourage
there
is
friends, is permitted to know anything by which
ment can be
formed
as
a
judg¬
to the intrinsic value of the
stock,
wishing to cool this new-born ardor of converted bears, and this will probably so continue until the Railroad Com¬
we would
suggest that these facts were just as apparent a missioners' devise means by which information can be
few weeks back as now.
Probably the roads will have obtained. It is expected that the next quarterly dividend
about as much to bring east of corn, oats,
wheat, pro vis of the Central will be at the rate of 8 per cent per annum,
ions, &c.,„as their rolling stock will accommodate, and this but if it should not be no one will be
surprised, and it is
must, in turn, make a demand for goods. But to say that likely that if the dividend should be reduced to the rate
investors, either at home or abroad, have in any consider- | of 7, or even G per cent per annum, no
satisfactory reason
able force entered the
market, is not the truth.' On the
contrary, the regular trade in securities between London
and New York has this week been
decidedly against us,
regard to home capital we can discover no sudden change of heart, but rather a continued
preference for
loaning money on collaterals with a broad margin at a
small rate of interest, and but little
disposition to join
in the purchasing movement.
and with
j will
be
given for the reduction. " Under these circum¬
j stances the purchase of the stock even at the present
j price cannot but have somewhat the character of a “ blind
j pool.”
An
event
this
week in contrast with the
prevailing
disposition in Great Britain not to buy American ra lroad
stocks, is the reported purchase by the Messrs, Baring
Brothers of London of upwards of two million dollars of
THE
246
CHRONICLE.
|Vol. XXXVII.
r^-
Topeka & Santa Fe. The of the coupons wrould stand, because it did not affect
Messrs. Barings were probably led to make this invest¬ the real question as to the coupons being receivable
ment in Atchison by their faith in the management of the for taxes.
Judge Bond, accepting, of course, that adjudi¬
concern, and their confidence in its future prosperity.
As cation, holds (1) that they are so receivable, (2) that they
bearing upon this latter point, is the fact that this year’s are a good legal tender for that purpose, and (3) that an
crops in Kansas, through which State the Atchison runs injunction will stand against the officers of the State pre-*
from end to end, promise to exceed ail previous record.
venting their collecting the taxes after such tender. Mr.
The corn crop, it is stated,'will reach fully 200 million Mahoneand his band of repudiators will now have another
bushels.
This would be an increase of 50 million bushels chance of trying their ingenuity in the matter of legalizing
on 1882, which is the more remarkable because the crop
repudiation. But in the meantime the public is encour¬
of that year was about double that of 18S1—in other aged to hope that their efforts will be in vain, for no kind
words, the 200 millions this year will compare with only of repudiation is so objectionable as that done under the
76 millions two years ago.
The wheat yield is estimated protection of law.
With regard to the money market there is no essential
at 35 million bushels, against 33 millions in 1SS2, and a
All this, of course, change to note this week.
little less than 20 millions in 18S1.
Bates on call rule from 2@3
bears directly upon the future business of the Atchison, but per cent, with the majority of loans made at
and
in addition no doubt the purchasers were mainly influenced although the supply has not been materially augmented
by the very favorable monthly statements thatThe manage¬ from the disbusements for interest due on the 1st inst.
and for bonds redeemed last week, even the rise in the
ment have been issuing all through the current year. Ac¬
cording to these, the net earnings of the company for the stock market has not stimulated the demand to any
seven months to July 31 have increased nearly one-half on
appreciable extent and the indications now point to con¬
The prospective supply from the Treasury
those of last year, in the face of a small decrease in gross tinued ease.
receipts. This result, however, was brought about by a is $7,370,105 for interest on the 4 per cents due October
heavy reduction of expenses, notwithstanding the decreased 1st, and $2,201,460 on the 3s due November 1st. The
business reported.
As the July figures have just been called bonds will mature on the last named date, but the
furnished for publication we give them below, as well as j redemptions arc uncertain.
For although the Department
those of three other large roads that have this week issued I offers to pay without rebate .$5,000,000 per week, it is
returns.
scarcely reasonable to expect, judging from the offerings
tke
stock
of
the
Atchison
for
dross
J\rl
Earnings.
18S‘_\
1 883.
Earnings.
18S3.
the last two
week will be
1 582.
weeks, that
than $1,000,000 per
But it is believed that towards
presented.
more
the end of October bonds will arrive
here
from
Europe
(where there is supposed to be a considerable amount)
A tell. Top. & S. Fe. J
(
for presentation on the 1st of November.
From these
Chie.Burl.& Quincy
Government payments for interest and bonds it is probable
j y’j]J,"
Chesapeake & Ohio |
that enough will be received to meet all ordinary demands.
But even should there be any stringency, the Govern¬
Louisv. & Nasliv...
j t'ii’kjs.
ment holds such a large surplus, about 155 J- millions, that
It will be noticed that all these statements are very a further bond call would probably be put out and
payfavorable, which is a satisfactory feature in the present rnent anticipated. The Treasurer’s reported balance on
situation of affairs.
It should not be overlooked, either? the first of the month, was the amount held after paying
that returns of net earnings possess more value now and marking off the 11 millions of bonds redeemed under
than a year or two ago.
Then pretty nearly every com-! the last call, and is in addition to 33 millions to the credit
pany was engaged in building new mileage and increasing 0f disbursing officers’ accounts.
A year ago the balance
its stock and debt and assuming new obligations of every was 130.V millions and disbursing officers’ balances 27 mildescription. Estimates based upon the current business lions. In this connection the following statement of the
of that time were worthless, since no safe calculation could Government receipts for the two months of the fiscal year
be made as to the probable fixed charges in the face of
j is of interest. It shows the great uncertainty which must
*
$
081,807
1,HIT,987!
498,102
••
7,8 l‘J,0‘J8i 7,954,331 1,003,000 2,875,877
11103.
1 ,s*J 1,705- 1,025,000
781.95 1
751,180
13,220, OOSj 10,780,021 0,1 00,50 L 1,011,008
127,035
335,20.8
107,203
310.787
2,132.0(57! 1,715.000 003,308
142,131
452,2 -' 1
1,130,300! 1.003.705
370,781
7,514,(583) 7,181,001 2,010,070 2,001,100
$
x
i
1
$
1,117,003
constant emissions of Hew stocks and bonds.
Now this is
j still exist with regard to revenue in view of the large fall -
completely changed. Many, if not most, companies, have j ing oil since July 1. Of course, however, and for several
completed their mileage and for the present at least reasons, these months are no guide for the future.
reached the limit of their issues.
With these, therefore,
1SS3.
1.852.
Hoeennnenf
it is possible to form some definite idea of the probable rela¬
Heei ipts t ont
Since
Since
j
A nyust.
.1 lujust.
July.'
July 1.
Juti/i.
tion of income to fixed charges, which could not be done
j July.
8
*
$
j
*
!
before.
Present earnings in such cases we know can be
*
j
i Customs
20,003,2510 lS,585,us'3S),i!»M:iS 19,950,037 23,332,190 43,282,827
based upon present stock and debt.
In this particular the | Internal
!
3,to 1,280 9.814,800 18,729,170 12,255,107 1:2,722,SIS 24,977,980
situation favors legitimate investors more than at any time
4,132.5)22 3,807,015 7,040,537
} Miscel’us sources: 2,207.237 2,738,1 U 4,005,101
,
(
l
—
•
s
revenue.
since 1S70.
A circumstance which is
Total receipts
:32,<oo..sio 31,188,202 03,189,015 30.338,720 35),802,618 76,201,344
subject for public congratu¬
Our returns from the New York Clearing House banks
lation, is the decision this week of Judge Bond, of the indicate that there has been no exceptionally heavy call
United States Circuit Court, that the Virginia debt cou- from the West for funds this week.
The following
It was feared, last | statement, made up from returns so collected by us,
pons are legal tender for taxes.
spring, that the Supreme ( ourt at Washington, in holding j exhibits the week's receipts and shipments from and to
that the change of remedies under the law of 1832 did not!
;rttflT;Ar
^i.i
a
]
1
■were
constitutional, had opened
a way
through which
re¬
pudiation had been legalized. Now it seems, if this later
interpretation of its meaning is correct, that the decision
of last spring was of trifling importance, its meaning being
simply that the State moie of establishing the genuineness
TFif?: Ending Sept. 7,
' -Received by
1SS3.
:
j Currency
Total gold and
*
il
legal tenders
.‘>55.000 of this
N. 17 Banks,
Shipped by
j N.Y. Banks.
j
$748,000 j *$1,264,000
j
$748,000 | $1,584,000
wa¬
deposit of gold in the Sub-Treasury.
Net Interior
Movement.
Loss.
$316,000
Loss.
820,000
Loss.
$a36,000
THE
18iS. 1
September, 8,
CHRONICLE.
247
.
The above shows
ings of
the actual changes in the bank hold¬
to furnish
a
report of the Bank of Franco for last week.
a loss of 3S0,000 francs
The return for this week shows
gold and currency caused by this movement to and
In addition to that movement the banks gold and of 1,07G, 000 francs silver. The Bank of Germany,
have gained $000,000 through the operations of the Sub- if correctly reported, lost 8,22S,000 marks since our last.
Treasury. Adding that item, therefore, to the above, we The following indicates the amount of bullion in each
have the following, which should indicate the total gain to of the principal European banks this week and at the
the N. Y. Clearing House banks of gold and currency for corresponding date last year.
the week covered by the bank statement to be issued to-day.
S !>/. 6, 1383. - !|‘ -[ Sept. 7, 1882.
from the
interior.
!
Into Banks.
JYeek Ending Sept. 7, 1833.
Out
of Banlis
i
Banks’ Interior Movement, as above
Sub-Treasury operations, net
Total gold and legal tenders....
$743,000
|
Net Change in
Bank Holdings.
Loss.
Gain,
*830,000
OOo.OOO
Gain.
$01,000
$1,581,000
900,000
|
.........
?l,fl 18,000
1
$1,5.8-1,000
Gold.
£
Bank of
foreign exchange market is dull and weak in the
absence of .demand, .and the indications now point to
.lower rates very soon, cotton moving more freely, and
bills against exports of bread stuffs and provisions pressing
on the
market.
Notwithstanding street reports that
Europe is buying liberally of our railroad stocks, it is
believed that the trading has for a long time been con¬
fined to cable transactions, and that comparatively few
securities pass either way.
When brokers can figure out
a small margin of profit they trade
in those stocks which
can most
readily be handled, and if, at the fortnightly
settlement day in ' London, the account is in their favor
they draw for the balance and if it is against them they
remit.
This will probably account for the demand for
sight bills and cable transfers which is noticeable on or
about the 1st or the 15th of the month.
As exchange
approaches the gold-importing point, we may expect to
find
downward
the
movement in rates checked in
some
degree by a demand to remit for called bonds. Exactly
how many of these are held in Europe is not known, but
it is supposed that the amount is about $10,000,000
These
be
readily converted into cash, and will be in
gold that might otherwise come. Inasmuch as
bar gold is now unusually dear in London, a comparatively liberal supply of these bonds may be looked for
until the stock abroad is entirely exhausted.
But when
imports of gold commence, they will probably continue
almost uninterruptedly.
Their volume will, however,
depend in some measure upon the relative rates for money
can
lieu of the
here
and
in
London, and
other conditions which
cannot well be determined at present. The following shows
elative prices of leading securities in London and New
York at the opening each day.
Sept
.
3.
Sept
.
4.
upon
Sept.
!
5.
Sept. 0.
j
Srpl
i1
*
Gold.
Silver.
^
£
23,982,550 .........V-. J
j 21,602,665
39,398,925 11,4(0.863 TO, 161,001 15,810,800
7,513,100
6,671,250 20,013,750
England
Bank of France
Bank of Germany
The
I!
Silver.
22,555,200(1
7CRS09,S75j63,056, OUojjcS, 194,910
Total this -week
65,824,550
70.910.173!tM.307,215|j<xSt057,G04 66,398,245
The Assay Office paid $301,102 for domestic bullion
! through the Sub-Treasury during the week, and the
i Assistant Treasurer received the following from the
Total
i
previous week
Custom House.
Consisting of—
Date.
Duties.
!
Aug.ar...
Sept. 1...
“
3...
“
4-
“
.
“
if304,SCO
191,574
501,238
870,856
Gold
Silver Cer¬
Certif.
tificates.
OS,
$23,000
57:
,0,000
8,000
10
13,000
27,000
20,000
25,000
5,000
17,000
17,000
Of
380,602 61,
6...
399,967 33,
$2,052,105
U. S.
Notes.
v$3,00(
5...
Total.
Gold.
91»i
.
$211,000
1-19,000
399,000
720,000
319,000
311,000
$57,000
$69,000 $117,000 2,109,000
$357,000
12.000
...
POOLS
AND
THEIR
33.000
62,000
103,000
44,000
55,000
_
AUTHORITY.
The railroad “
pool ” as a factor in the railroad opera¬
day is now generally recognized as an indis¬
pensable aid in the conduct of our vast and complicated
railroad system.
The pool is a comparatively modem
organization, but its utility is undoubted, and has been
repeatedly demonstrated. It is the outgrowth of neces: sity, and is likely to gain in importance with time rather
j than to diminish. It will remain
engrafted upon our sys¬
tem just^so long as the constitution of things remains as it
is.
Competition, if carried full length, can end only in
!
destruction—the weaker must succumb—and this being
!
so,
the usefulness of pooling contracts cannot be
j
impeached.
The pool may be supplanted by a better or a more
satisfactory arrangement, but - the demands which have
given it life are too urgent to permit of its extinction in
tions of the
j unalterably opposed to war.
It does not destroy compe| tition—the repeated contentions within it show that—but
prices* prices. prices.* prices. prices.* prices.' prices* prices. prices.* prices.
! rather restrains competition within reasonable bounds,
U.S.48,c. 119-31 1 i 9% 119-31 119% 119-31 119%, 119-31 119% 119 31
119%
U.S.4%s. 112-20 112J* 112-13 112-4 112-13 112)4 11213 112)4 112-13
112) i j The pool, moreover, is as invaluable to the shipper as it is
3101
30-89
31
Erie
30-10
31-99
30-4
3034
31%
31-01
31%
to the railroad, for while by the maintenance of rates it
2d
93 89
93
94-38
93
92-92
94
95
94-80
93
; 34-80
i 28-43
Ill. Cent. 12791
127 %
12905
130
128% 128-08 128'2 129-10 129
ensures to the latter profitable returns for the
stockhold¬
n. r. c.. 110-39
118
noil 110-04 110).2 110-04 110%: 11039 110% 117-97
52
25"78i
52
25-511
Reading 20-391 52)£ 20‘2'H
50% 25-788
51% ers, to the former it ensures equality of treatment with
21-28
21-28
21 }4
Ont.W’n
21-28
2237
21%: 21-40
21%
21%
22'4
others of his kind by fixed and unvarying schedules,
St. Paul. 103-38 1031s 103-87 103% 103-20 10;% ! 105-08 105)4 lOO'OO
100%
1
which, if observed in good faith, as they are expected to
Exch’ge,
cables.
1
4*80 %
4-80%
4*80%
4-80)3
4\80):j
be, render rebates, &c., of course out of the question.
^Expressed in theirNew York equivalent,
We are led to these reflections by the action of a
j Reading on basis of $50, par value.
The stock market, as above indicated, has been active certain
large shipper in resisting one of the decrees of a
and generally strong this week, mainly because of specu. Western
pool, to the extent of resorting to the courts for
lative manipulation. The operators for a decline, who were redress. We refer of course to the case of the Conti¬
reluctant to cover their short contracts, and who professed nental
Sugar Refinery Company against the Southwestern
to have no faith in the
Traffic
permanency of the movement, re¬
Association, which has attracted considerable
sisted the advance as long as they could, but were not suc¬ attention
during the last week or ten days, and which has
cessful in making much of an impression on prices. At the
brought out a letter from Mr. Albert Fink, stating clearly
close on Friday, however, there was a tendency to weakness. and
tersely the points at issue and the principle at stake.
The Bank of England [return for the week shows a
That case deserves all the importance that ha3 been
gain of £107,000 bullion, but as the Bank received given to it, for it was a blow aimed at the very life of the
£273,000 from abroad, it follows that £100,000 went to modern railroad arrangement. It is well known that one
the interior, probably for crpp purposes.
The cable failed of its leading features as it exists to-day, is the right to.
Lond'n
N.Y.
Lond'n
N.Y.
Lond'n
,
N.Y.
Lond'n
N.Y.
.
con.
'
'
■
Lond'n
N.Y.
%
THE CHRONICLE.
248
[Vol. XXXVII.
order
freight from one line to another, if for any reason
that is found necessary.
"Without that provision, all power
would be at an end.
The organization of the pool might
long, that it dqes not necessitate allowances and reductions
in gross and net earnings, while giving a road full
pay for
all the work it actually does; and further, that it comes as
indeed prove serviceable to some extent even in that case, near as any plan can for removing all inducement for
but its usefulness would certainly be seriously impaired. “cutting” rates, without at the same time punishing a
No company would respect its orders, since it had not the road by a money fine for inadvertently carrying more than
right to enforce its demands. Yet it is in precisely- this its allotted proportion.
In the case of the Continental Sugar Refinery Company,
particular that it was sought to set aside its authority.'
A moment’s consideration will serve to convince the Commissioner Midgeley ordered that the freight, instead
reader of the importance of the privilege to divert freight of going over the Rock Island road to Kansas City, as’
from one line to another.
The sole object of a pool is to directed by the consignors, should go over one of the
other lines.
The Continental Company demurred, and
secure the maintenance of paying rates. Nominally, there¬
fore, there would seem nothing for the roads in the com¬ upon the Commissioner’s insisting upon his order being
bination to do except to come together and fix rates. That obeyed, sued out a writ of injunction.
The pool seemed
accomplished, their business would be done. In practice, reluctant to make any defense, and this, it was thought,
however, it has been found over and over again that rates argued weakness in their position. It appears, however,
The tempta¬ that the reason, why the pool did not contest the case was
cannot be maintained in these circumstances.
tion to secure additional business is too strong for a road that there had not.been in the bill of lading—the freight,
to resist, and thinking that its rivals will not discover the had been dispatched at Boston—any express provision
transgression, proceeds to give secret rebates or allow¬ permitting such diversion, and in the circumstances,
ances.
So long as the “cut” remains undetected, of therefore, it was thought that the shipper ought to be
course it gains by the
operation—or rather it thinks it allowed to have his way.
Mr. Fink suggested, though,
it
that
was
gains, for it has usually happened that while one road
only necessary to notify the shipper in Boston
was
that
the
railroads
west of Chicago would not be parties to
engaged in this sort of business all the others
were
also engaged in the same kind of work.
When any through bills of lading except on the condition that
it was found that the mere “ fixing ” of rates was not they .might select the route west of Chicago over which
sufficient to ensure the maintenance of the schedule, the freight should be forwarded, to avoid any difficulty
■
recourse
was
had
to
allotments of
so
much business to
of this kind
hereafter
:
and
we
see
that in
accordance
each
road, fixed percentages of the total traffic being with his recommendation the Southwestern Traffic Asso¬
awarded to every participant in the pool.
That, of course, ciation, the Iowa Association, and the Colorado Asso¬
removed the main inducement for underbidding in rates, ciation on Wednesday all agreed to make this condition
since a road was to have only a given proportion of the a part of their contracts in the future.
business anyway, which it might as well carry at full rates
As to the legality of such action Mr. Fink advances
as half rates.
But under this arrangement it- became some strong arguments.
ITe says that while a railroad
necessary to devise means to secure to each road the as a common carrier is bound to forward all the freight
exact percentage allotted to it.
offered it, that applies only to its own lines—that after iis
Various plans have been tried to effect this end. One has terminus is reached, the case is entirely different; when
been to make a road, where it carried in excess of its the roads assume the responsibility of forwarding freight
allotment, settle for the excess on the basis of a certain to points beyond, they do it merely as a matter of
percentage of the gross earnings received on the same.
We have
recently how, in the case of the trunk lines
Chicago, this worked so unsatisfactorily that it
seen
east
from
had
to
for
net
be
abandoned.
It
said that the
margin left
earnings supplied an inducement to a road to
make concessions in rates, which it was not slow to avail
of.
Another plan is the one that has grown directly out
of the former, by which settlements for any excess are to
be made on the basis of the full gross earnings derived on
the excess, without any allowance for cost of carriage.
This plan has not been in practice sufficiently long to permit
of any definite statement of its value, but it is clearly
objectionable for many reasons. If a road in the legiti¬
mate
course
was
of business obtains
more
than
its
allotment
and carries the traffic to the point
of destination, it gets
absolutely nothing for its trouble. On the contrary, it is
punished for the preference shown it by shippers, and
penalty of carrying the surplus for nothing
and give the proceeds to some other road. It will readily
be understood that a road favored by shippers in this way
would not long submit to treatment of that kind, and in¬
deed we see it stated that it was never contemplated to
carry thi3 plan into operation on a large scale, the idea
being to make settlements on that basis only where it was
found impossible or impracticable to divert freight from
must bear the
line to another.
And the latter,
gives us' the third
plan, the only one in truth that has been attended with
a fair measure of success—one
whose efficacy has been
tested and has stood the ordeal well.
The advantages in
favor of this plan are that it does not delay .settlements
one
accommodation
the
shipper, and that this being so
they must be allowed to select the route over which the
goods are to be shipped. He says further that in furnish¬
ing through bills of lading they become forwarders as
well as carriers, and that since a road as a forwarder
issues an obligation to deliver the freight at a point
beyond its own line of road, it practically becomes
responsible for the connecting roads over which such
bills of lading are issued.
“Should any damage occur
“to the goods,” he remarks, “it (the forwarding road)
“must know that such connecting roads are able to make
“it good.”
Resides, the connecting roads being the
agents of the road issuing the bill of lading, collect the
money due that road, and hence the latter must have con
fidence in the ability and management of those roads, &3.
Accordingly, Mr. Fink claims for the railroads, when a
bill of lading is issued by them for points beyond their
own termini, that they
have trie' right to select the connecting line to which the freight shall be delivered. If
the shipper objects to this, and insists upon naming him¬
self the connecting road to be used, he is at liberty to do
so ; but the forwarding company will not issue a through
bill of lading, and the shipper must forego the benefits of
through rates. This is in brief Mr. Fink’s view of the
matter, and as it determines, if correct, the important
principle of the power of a pool association to enforce a
diversion of freight from one line to another, the subject
has a wide interest.
Ills argument, however, is par¬
ticularly valuable because it offers assurance that there
is no present likelihooi of a disruption of railroad pools
by a loss of one of their most Important prerogatives.
to
-
C1
THE
8, 1833 ]
September
CHRONICLE
COTTON MOVEMENT AND CROP OF 1882-8.3.
Our statement
year
•
of the cotton crop of the United States for the
ending Sept. 1, 1883, will be found below.
It will be
that the total crop this year reaches 6,992,234 bales, while
the exports are 4,745,709 bales, and the. spinners’ takings are
1,772,912 bales,-leaving a stock on hand at the close of the year
of 232,106 bales. The whole movement for the twelve months
is given in the following pages, with such suggestions and
explanations as the peculiar features of the year appear to
seen
require. The first table indicates the stock at each port Sept.
1, 1883, the receipts at the ports for each of the past two years,
and the export movement for the past year (1882-83) in detail,
and the totals for 1881-82 and 1880-81.
d
4
Receipts for Year
or
^
Exports Year ending Sept. 1, 1SS3.
ending—
Stock
.
PORTS.
d
Sept. 1,
Great
188 h
1832.
Britain,
,s
it.
Texas
20,198
741,536
459,360
23,287
No.Car’linu
181,528
1S5.037
Virginia...
995,233
138,227:
813.174
Florida
....
New York.
q
a
A
Phila., Ac..
192,ill*
112,762*
Baltimore.
72,029*
PortlM, Ac:.
S. Fr'ncisco
3.2014
Boston
1 j
522,299
..
Other
fiance
j net.
851,366 13,267 296,988
....1 9,350
34,840
127.897 3,186 24,775
110,31 1
25,658
315,374 6,081 39,328
1,191,226
265,040
824,250
887.413
Georgia....
n
<Jiuin-
Sept. 1,
Louisiana.. 1,690,479
313,228
Alabama...
590,911
So. Carolina
>
Sept.1,
;
....
762
48,372 4,800
372,728;
.....
103,612*
232,035'
Id,
b*) f
id
186,045
91,102*
101,232;
26,039s
2,908 *
180,021.
109*
4,823
419,000
526,372
100
862
4,590
57,762
53.029
3,203
3.441
4,250
17,611
858
101,713 13.934
777,528 114.115
5,880
180,592
3,248
63,284
101,430
6.432
248,128
8.753
138
1,062
1
....[
921
-
165,589
543
....
.
283,028
*
Totals—
j
y
5* These figures
2,888,408 43,090 440,107 1.374.044 4,745,709 232,100
821,995 3,595,031 120,722
5,874,090 .2,813,937 56.2U) 556,344 1,139,768 4,596,279 212,233
4,720.3;! 1 2.311,790 80,069 381,186
; ire
a
steamship lines granted, for 113.787 bales were taken by the
railroads from tlie outports of Mobile, New Orleans and
Galveston to. carry North, against 54,809 bales in 1880 81 and
28,103 during this season. Such a decrease in the later years
can only be explained by the fact,
that 1880-81 and 1882-83 were
very fruitful seasons, the latter peculiarly so—every kind of
growth having done its best in the Southern States in the
summer of 1882.
As a consequence, in both of those years the
roads found abundance of traffic, and hence no special induce¬
ments were held out to draw freight out of its natural routes.
This being particularly true of 1882-83, the gross overland the
past season bears a smaller relation to the total production
than it has held for many a year.
Under such circumstances the all-rail routes have tended in
degree, during the past twelve months, to diminish the
outports. Each portlias probably, and more nearly than is often the-case, drained
the country fairly tributary to it. The relative proportions
this year are in fact very much as they were in 1880-81, except
as the movement is varied
by the constant and remarkable
growth of Norfolk and other Virginia ports, as outlets for
the crop. For the purpose of showing the position the different
ports have held as marketing centres for a series of years we
have prepared the following, showing the percentage of tho
total crop the movement through each port has borne since
natural moveinement of cotton to the
.
Per cent
of Crop
Received at —
X
Wilminst’n, Ac.
By the above it will be seen that the total receipts at the
Atlantic and Gulf shipping pats this year have been
6,019,738 bales, against 4,720,364 bales last year and 5,874,090
bales in 1830-81, and the exports 4,745,709 bales, against
3,595,031 bales last season and 4,590,279 bales the previous
season, Liverpool getting out of this crop 2,888,408 bales.
If
now we add the shipments from Tennessee and elsewhere
direct to manufacturers, and Southern consumption, we have
the following as tho crop statement for the three years.
Year
Ending September 1.
.
^
Cl
o
co
co
JD
1
oi
18S0-81.
t
—
GO
GC)
£
only the portion of the receipts at these ports which
l'tvmi Tennessee,
arrived by rail overland
As
!
■
This year 6,019,738
Last year
Prev. yr.
h
something to bring back.
consequence, rates were made to conform to these conditions
and the roads must have olfered as good terms as the coastwise
1873-4.
'
X
from the "West and wanted
no
411,326 1,603.947
1,100
45,290
217,115
372,973
164,998
«
•
-
Foreign.
28,985
4
1883.
249
i
£
p
S !
1
CS
1
-
.
t-
£
g
! ii 5
1
s
iM
i
l-
iC
1
JO
00
itH
j
r—(
r“V
1874-,5. 1873-4.
A
)-
!■
01*85
02*68
03*13
03*08
02*31
02*65
Norfolk, Ac
(>2*59, 03*40
14*24' 14*96
02*35
14*48
13*22
11*20
10*68, 12*84
11*33
10*9!
12*13
Charleston, Ac.
Os-45
10*19
0s*59
10*00
09*37
08*92
11*4-
10*51
12*57j 10*9:9
09*61
Savannah, Ac..
11*79
13*64
13*51
12*88
13*89
Florida
00*29
00*43
00*29
00*30
01*12
Mobile
04*48!
04*88
05*95
06*23
07*14
New Orleans...
2447
21*91
21 *37
26*13
23*40
Galveston, Ac.. 12*69 08*45
N. Y., Host., Acv 07*39. 09*56
10*83
08*60
07*48
09*07
11-47]
Total
all ports
86*09
Overland net...
Southern
08*711 08*051 08*02
28*92
j “26*04, 30*33
09*60 j
1
11*3$ -40*47
06*21 j 06*77
j
1
15*74
15*01
00*29
(0*34
08*37
07*18
25*93
29*29
09*61
09*33
06*29
06*04
80*84
89*15
86*87
87*65
90*32) 00*03j 89*76
91*24
01*22
09*18! 08*78
07*74
10*02
09*351
06*60
06*69; 07*13
05*36
05*70
03*00; 03*08) 03*281 Oil’ll
03*40
0:»*0S
f
con-
sumption
11*24
00*45; 00*52 00*33
06*75! 06*89
i
through
10*4.3
01*39
0173
01*38
03*11
03*11
—
Tot. IT. S. crop. 100*00 100*00 100*00 100*00 100*00 100*00 100*00 100*00 100*00 100*00
1882-83.
1881-82.
1860-81.
Receipts at the shipp’g p’rts.bnles
Add shipments froin Tennessee,
Ac., direct to manufacturers....
0,019 738
4,720,304
5,874,090
041 490
477,481
510,239
Total
i
Manufactured South, not included
0,001
234
5,197,845
0,384,329
331 000
238,000
203,000
16,992*231 5,135,845
0,589,329
above
...
Total <!ottou
Tear
Crop lor
tlic!
......bale*
The result of these
'
figures is a total of 0,992,231 bales as the
crop of the United States for the year ending Aug. 31, 1883.
We now give in detail the processes by which the above
The
foregoing affords at
a glance a history of the changes
between the ports as marketing centres.
Of course, however, the variations in percentage from year to
year are influenced in some measure by the productiveness of
the crop in each section thus drained ; but the •comparison
through a series of years will enable one to reach fair conclu¬
sions as to tho changing inducements of one route over
made and in progress
another.
In the above table
have
only figured the net overland, as
is counted either at New
■York,
Boston,
&e.,
or at the Southern ports where it first
conclusions have been reached.
appears in receipts.
Still the entire gross amount reaches a
Overland and Inter-State Movement.
market by some all rail route, and hence in pleasuring the
Again the overland movement reflects the important fact overland we can only do so correctly by using the gross figures.
that within certain limits our railroads regulate its volume,
To show, therefore, the progress made in the movement
This truth was illustrated very clearly a year ago.
Then, since 1873-74 we g£ve the following statement of total crop
although the crop was over one million bales less than the and overland, and percentages of increase and decrease of each
previous crop, the (gross overland showed a small increase. for a series of years.
This year, although the crop is over one and a half million
Increase and Decrease—
bales more than the last one, the increase in gross overland is
Gross \
Total Yield.
Crop of
Geer land.
only about 82,000* bales.
If the movement had borne the
Of Crop.
Of Overland.
same relation to the total
production that the last did, the gross
Rales.
Rales.
Per Ct.
Per Ct.
we
the remainder of the gross amount
•
4
would have reached
1,459,000 hales.
It is not difficult to account
for those variations.
1SS2-83
In the
1881-82
1580-31
first
....
*
Increase 28*61
Increase O7*20
0,992,234
5.135,815
1,217,215
1,134,788
Decrease 17*50
Increase
4T0
0,589,329
1,090,007
Increase 14*45
Decrease
7'71
place there is an amount of cotton which every year
Increase 13*48
1879-80
Increase 32*47
5,757,397
1,181,147
through the railroads, because mills situated 1878 79
Increase 5*45
Increase 28*54
5,073.531
891,619
in certain localities always find that to be the cheaper route
1877-78
Increase 7*26
Increase 8*91
4,SI 1,265
093,610
for them.
Of course as spindles increase within that district,
Decrease 3*94
1370-77
Decrease 9*50
636,S86
4,485,423
Increase 21*81
Increase 52*42
the volume of this movement must increase, varied to a limit¬ 1 <875-7(3
703,780
4,069,288
Decrease 8 09
1874-75
Decrease 7*11
3,832,991
401,751
ed extent by the nature of the crop and the staple procurable.
Increase 6*10
1373-74
4,170,388
497,0-3
Increase 23*56
But beyond the supply such mills need, the total thus carried
Increase 07*64
Incr’se 144*87
season of ’73-74 to .’82-83
appears to be governed by the abundance of other freight Change from
This statement brings out the fact that the gross overland
offering. Railroads seek and cultivate business more indus¬
movement
was less influenced by the railroads prior to 1880-81
triously when the traffic is not plentiful. Thus a year ago all
crops were everywhere very deficient, and especially in the —that is to say previous to that data its volume seems to have
cotton States.
Railroads needed freight and particularly fluctuated with the changes in total yield.
....
seeks the 'North
....
....
.
....
....
return
freight from the South—they carried provisions there
In
determining this
year
the portion of the
crop
forwarded
(
H
'
250
THE CHRONICLE.
by each of the different overland routes,
no new
we
n
features.
we
have introduced
And yet to prevent any
misunderstanding,
repeat our explanation given in previous reports.
First—\Vc have followed
Louis Alton A Terre Haute.
Second.—From the gross carried overland
we consequently deduct all
shipped by rail from Southern outports to the North.
For
instance, from New Orleans, Mobile, Ac., frequent shipments are thus
made, an accouut of which is kept, but it is all included in the crop of
New Orleans or Mobile, Ac., as the case 11103' be, when it
appears there,
and therefore when the same cotton appears
again in the overland, it
must of
course
be deducted,
or
it will be twice counted.
Third.—We deduct from overland, likewise, the small amounts taken
outports for Southern consumption. They, also, for
from the Southern
the sake of
unity and simplicity, are counted at the outports where they
known, the entire Southern consumption is
and added to the crop. ITencc, unless these
small lots which thus go into Southern
consumption from the Southern
outports arc deducted somewhere, they will be twice counted.
Fourth.—We also deduct the arrivals during the 3'car by railroad from
the West and South at New York, Boston, Baltimore,
Philadelphia and
Portland.
Those receipts reached these ports by
coming across the
country, and appear in our weekly totals, becoming a part of the receipts
at the ports, under the heads of “New York,” ” Boston,” Ac.
All this
cotton, then, having been counted during the year, must now be
But as these connecting lines arc all con¬
by the same parties that control the main 83’stem, for the sake of
simplicity the name of theparent company alone appears. The same
remark applies to the great systems of the South, like the Louisville
&
Nashville, the East Tennessee, the Richmond & Danville, the Chesapeake
A Ohio, the Cincinnati Southern, Ac. The latter, for instance, is made
up of quite a number of pieces of road, each in a separate organization,
but all being in the possession of the Erlanger syndicate ]
r
trolled
error.
cotton
[Note.—In designating through routes iu the above map, tlie name of
the main comp.1113- or system alone is used. Thus the New York
Central
is given as running all the wa3* to Chicago and all the
way to St. Louis,
notwithstanding the Central proper terminates at Buffalo, and reaches
Chicago over the Lake Shore, and St. Louis over the Cleveland Colum¬
bus Cincinnati & Indianapolis, the Indianapolis & St Loirs and the
St.
usual
plan of counting each bale of cotton
first appears. This is a simple rule
applying to every part of our annual cotton crop report. In this waj’
wc not only preserve the unity of the
report, and therefore simplify it,
hut, as a consequence, also make it more intelligible and less liable to
our
the Southern outport where it
at
[Vol. XXXVII.
By examining the above diagram, and with the aid of ex¬
planations made in our previous annual reports, nothing
further will be needed to explain the following statement of
the movement overland for the year ending Sept. 1, 1883.
first appear. But, as is well
made up in an item by itself
1882-33.
>
Amount
461,r5 1
383,200
22,493
5,523
Over Cairo & Vincennes
193.242
Over the
111,753
27,799
50,291
02,854
52,708
52,080
157,462
103,096
14,929
104,088
20,495
109,417
Cl,538
133,573
13,299
Over Illinois Central
Mississippi River,above St.L..
Over Evansville A Terre Ilaute
Over Jeffersonville Mad. &
each reader the power to trace the course of the overland
movement,
Over other routes
as
To add interest to the
foregoing explanations, and to give
prepared last year a new map, more full and
detailed than our previous similar diagrams,
and have this
year corrected it by adding the new lines constructed during the
twelvemonths.
It will be noticed that we have put down on
this map not only all Southern
outports, but also everyplace
in the Southern States from which we now receive a
monthly
weather report. Furthermore, we indicate
every great through
route
ket.
or
Over Ohio A
has been done.
we
combination of roads
For instance,
a
which cotton seeks
a mar¬
shipment inland from Galveston
would
over
would reach the Iron Mountain
Texas Pacific and
cross
Road
over a
or
93,150
12,739
401,948
33,817
120,404
140,024
27.97L
80,157
42,542
43,713
69,064
78,186
23,113
13,123
17,168
•
Total gross
overland
1,217,215 1.134,783 1,090,067
Deduct—
Receipts overland at N.Y., Boston, Ac.
510,490
519,405
493,301
15,228
5,501
11,939
194
15.499
1,054
4.794
Shipments between (or South from)
Western interior towns
Shipments inland.(not otheneise deduct
ed) from—
Galveston
New Orleans
Mobile
8,124;
27,030
;
Savannah
branch of the
the river at either Cairo
71,091
Shipped to mills, not included above...
pass over the International & Great Northern and the Mis¬
souri Kansas & Texas, crossing the
Mississippi at'Hannibal,
or
1880-81.
shipped—
From St. Louis
Indianapolis
Mississippi Branch
Over Louisville Cincinnati & Lexington
Receipts at Cincinnati l>3r Ohio River...
Receipts at Cincinnati by Ciu. SouthTn
deducted
1831-82.
North Carolina
These and other features of this map will make it both inter¬
ports
Total to he deducted..
7541
5,590<
9,830!
0,006
12,113
!
575,7191 057,307!
579,823
!
641,490'
477,4Sll
510,239
.
Leaving total net overland*
*
This total includes
49,021
1,550
2,0351
2,463;
Virginia ports
esting and useful.
82,505
2,100;
2,73l!
Charleston
St. Louis.
16,822
shipments to Canada by rail, which during 1832-3
amounted to 30,512 bales, and are deducted in the statement of
con¬
sumption,
According to the above, the total carried overland this year
1,217,215 bales, against 1,131,788 bales last year and
1,090,087 bales tlie previous year, and the movement direct to
manufacturers this year reaches 811,498 bales, against 477,481
bales a year ago and 510,239 bales in 1830-81.
This shows an
increase from last year of 82,427 bales in the cjross movement,
was
and
now
an
increase of 184,015 bales in the net movement.
give the details of the entire
crop
for two
We
years.
Louisiana.
Exported from N. Orleans
To foreign ports
To coastwise ports
To Northern ports,
Manufactured*
Stock at close of 3'ear
Bed uct :
Received from Mobile
Received from Florida,Ac
Received from Galveston
and Indiatola..
Stock beginning of year..
Total product of 3'ear
1331-82.
1,(103,047
352,079
1,173,012
212,328
900
10.322
,
Ac.,
b3' river and rail*
if
1SS2-S3.—
n
-
53,’029-2,013,379
2,824
5,023-1,415,000
223,394
133,911
10
101
103,907
5,023—
48,392
327,000
71,919 —
1,090,479
...
254,333
1,191,220
*
In overland we have deducted tliese two items.
1 Including 10 bales from New York.
Alabama.
Exported from Mobile:*
To foreign ports
To coastwise ports
Manufactured
Stock at close of 3'ear
Deduct:
.
Receipts from N. Orleans.
Receipts' from Pensacola.
Stock beginning of vear..
Total product of 3'ear
•
45,290
200,057
10,300
223,755
1,099
030
3,203—
315,130
195
1,500
197-
1,952
197—
271,417
2.090
313,223
4,281-
0,377
265,040
■
*
Under the head of coastwise shipments from Mobile are included
32,102 bales shipped inland by rail, of which 27,000 bales, with 030
bales local consumption, will be found deducted in the overland mov v
meat, the remainder being deducted at Norfolk and Savannah.
September
THE CHRONICLE.
8, 18834
Texas.
Exp’ted from GalvcetTi.&o.:/
To foreign ports (except
Mexico)
—
To Mexico, from Galves¬
ton, Eagle Pass, Ac
To coastwise poi ts*.......
•
Virginia—Concluded.
1882-83.-
-1831-S2.-
498,517
1-4,897
229,944
17,611-
912,932
Total
8,273—
17,241
Recovered from wrecks of
brigs Ceres and A veil...
Stock beginning of year..
Received
from
other,
North Carolina ports...
Received from Mobile....
Stock beginning of year..
248,550
27,855
368,9 49
Burnt and manufactured...
stock at close of year
Deduct:
Received at Galveston
from Indianola, Ac
501,6(31
15,919
product of
1832-83.
*
24,628-
12,301
-159,360
Coastwise exports arc made up as follows : 319,809 bales from Gal¬
veston and 19,0 jO bales from Indianola, Ac., the 8,056'balcs received at
Galveston from Indianola, Ac., being subsequently deducted. Included
in coastwise exports are 191 bales carried from Galveston North by
rail, which are deducted in overland.
Exported from Fernandina, Ac.*
To foreign ports
To coastwise ports
4,706
19,336
18,581
—
Tennessee.
504,943
345,789
45,282
02,092
851,641
724,651
From Nashville
From other places
in Ten¬
Mississippi, Tex¬
nessee.
as, Ac
Stock in Memphis and Nash¬
ville at end of year
Dtd net:
9,370—1 ,411,2-42
New Orleans, Ac
48,251
106,278
67,861
8,956
10,760
641,493
477,431
Shipped from Nashville to
Norfolk, Ac
Shipped direct to manu¬
facturers
Stock at
Memphis and
Nashville at beginning
of year
23,287
*
These figures represent this year, as heretofore, only the shipments
from the Florida outsorts.
Other Florida cotton has gone inland to
Savannah, Mobile, Ac!, but wc have followed our usual custom of count¬
ing that cotton at the ouipoi ts where it first appears.
Georgia.
2,314-
Total shipments to New
York, Ac
Add shipments to manufac¬
turers direct
894,752
118,385
330.48,8
613
2,137
39 1,658
39 4,833
11,112
15,-404
519,405
641,496
477,481
1,157,986
993,836
Total marketed
by rail from
Tennessee, Ac.*
*
Total
product detailed above l>3r States for the year ending
September 1.1833
bales 6,661,234
Consumed in the South, not included
j
331,000
7.026
266
300
2,109
2,035
!...
4,235
5,331
15-
Total crop in tho United States for the year
1883
66—
810,292
Upland *
Sea Island^*
Stock
beginning of
0,321
886
1,378
91
2,455
12,839
5,331
Sea Island
Total product
1879-80....
year—
Upland
66—
of'year
16.042
378
22,OS 4
—
824,250
741,536
*
These arc only the receipts at Savannah from the Florida out ports,
Besides
and, being counted in the Florida receipts, are deducted here
these amounts, there have also been 22.3LO bales Upland ind 7,500
bales Sea Island, from iho interior of Florida, received at Savannah,
.
during the
year
by rail.
South Carolina.
Exported from Charleston,Ac.:*
To foreign ports—Upland 367,193
To foreign ports- Sea Is’il
5,480
To coastwise ports —
203,200
Upland t
311,05.8
5,732
12,515
198,358
12,72 4
Export’d fromGeorget’n.Ae
4,816
1.787
Burnt at Charleston and
other ports
Stock at close of year—
421
695
Sea Island
Upland
3,432
Sea Island
9—
1,280
04—
597,372
Deduct:
Received from Florida—
Upland
Upland
Sea Island
Stock beginuing
2,075
2,862
1,036
1,500
3,311
1,784
718-
1,2=0
Sea Island
product of
1,216
of year—
Upland
Total
531,698
14
Sea Island
Ree’d from Savan’h, Ac.—
64-
6,458
590,914
year
9,399
522,299
*
Included in the exports from Charleston are the exports from Port
Royal anil Beaufort, which were as follows iliis year—1882-83 :
To Liverpool—328 bales Sea Island.
To Bremen—2,990bales Upland,.
To coastwise ports—14,242 bales Upland and 2,170 bales Sea Island,
t Included in this item are 2,731 bales, the amount taken by local
mills and shipped to interior, all of which is deducted in overland.
Nortli Carolina.
Exp’d from Wilmingt’n,Ac.:
To foreign ports
To coastwise ports*
Taken lor consumption
Burnt
Stock at close of year
Dcdnet:
Stock beginning of year..
57,762
122,207
7-13
62,833
122,519
1878-79....
1877-78.
1876-77....
1875-70....
1874 -75....
1873-74....
1372-73....
1871-72....
1870-71....
1869-70
1868-69....
_
14
107—
give the total
Hairs.
0,992,234
5,435,s45
6,589,329
5,757,35)7
4.811,265
4,435,423
4,669.28S
3,832,991
4,170,388
3,9.30,508
2,974,351
4,352,317
3,154,916
2,439,039
crop
Years.
1807-08.
1S0G-G7.
1 865-6(5.
18(51-65.
1809-01.
1859-00.
1858-59.
1857-58.
1856-57.
1855-5(5.
1854-55.
1853-54.
1852-53.
1851-52.
1850-51.
each
year
Bales.
2.498,895
2.059,271
2,228,937
...
...
...
No record.
...
3,820,030
...
...
...
...
...
...
...
4,823,770
3,994,481
3,233,902
3,050,519
3,015,345
2,932,339
3.035,027
...
...
...
...
3,3.2,882
3,090,029
2,415,257
ending Sept. l.
:..bah
s.
6,932,23 4
since 1835.
Years.
1849-50.
1848-19.
1317-48.
184(5-47.
1845-4(5.
1844-45.
1843-44.
1842-43.
1841-42.
1810-41.
1839-40.
1838-39.
1.337-38.
183(5-37.
1835-36.
Bales.
...
...
...
...
...
...
...
....
...
..;
...
...
...
.
...
2,171,706
2.808,59(5
2,42 4,113
1,860,479
2,170,537
2,484,(562
2,103,579
2,35)4,203
1,688,675
1,039,333
2,181,749
1,363,403
1,801,797
1,425,575
1,360,7185
Consumption.
Although the production of cotton goods in Europe the past
year shows the average increase, the manufacturing industry
there has been far from prosperous. In the latter particular,
the early promise lias not been fulfilled.
When the season
opened, the better crops of breadstuUs, the settlement of the
Egyptian difficulty, and the peaceful political outlook, in¬
duced favorable expectations. But since then, the industrial
conditions have gradually grown worse, until now it seems as
if progress in cotton consumption was likely to experience a
check during the coming twelve months. Should this prove
so, it will close a remarkable chapter in the history of this
industry—a development,growing out of the exhilaration which
followed the resumption of gold payments in the United States,
finally declining with the decline of confidence again here,
The results for each year of the period referred to are shown by
the following brief statement of consumption in Europe, made
up from Mr. Ellison’s annual reports.
In hales of
400 lbs.
1878-79...
1879-80...
1880-81...
1881-82
L8S2-S3*..
..
*
5
we
Tears.
1882-83
1881-82....
1880-31
1,944
0.437
Below
763,620
Deduct:
Received from Mobile and
New Orleans
Receiv’d from Charleston,
Brunswick, Ac
Reeeiv ;d from Florida—
Except 59,229 .bales deducted m overland, having been previously
counted.
O
8,0:16
Burnt
Manufactured
Stock at close of year—
Upland
11,OSS-
516,-190
*
Exported from Savannah:
Sea Island
2,314-
135,708
Norfolk, Ac
23,2S‘
20,193
Export’d from Bnmwick,Ae.:
To foreign ports.:
To coastwise ports
813.174
Petersburg this year.
Shipments—
From Memphis
—
To foreign ports—Upland
To foreign ports—Sea Is’d
To coastwise ports—
7,748
995,233
Shipped from Memphis to
20,19S
...
6,095
339-
Shipped from Memphis to
862
Stock at close of year
Deduct:
Stock beginning of year
-1881-82.-
Norfolk. Ac.” exports are made up this year as follows: To foreign
ports all the shipments are from Norfolk, except 29,181 bales from
West Point; to coastwise ports all the shipments are from Norfolk,
except 198,800 hah‘s shipped from City Point, Richmond, Petersburg, Ac.
*
Florida.
,
36,515
year
t This item does not include
8,273—
22,524
3,158
1,489—1
* “
1,757
Total product of year
Total product of y car
251
Great Britain.
Year.
’Weekly.
2,813,000
3,350,000
3,572,000
54,200
3,666,000
3.744,000
03,890
(58,692
70,500
72,000
Continent.
Year.
\ Weekly.
2,596,000 ! 49,900
2,725,000 51,900
2,956,000 i 5G.S46
3,1 20.COO 1 60,000
3,328.000 | 64,000
Total.
Year.
Weekly.
5,439,000
6,075,000
101,100
115,700
0,528,000
125,538
(5,78(5,000
7.072,000
130,500
136,000
Estimated for last two months.
Special circumstances have been the cause of the irregularity
weekly increased consumption seen in the above.
107—
107
436
43G—
These circumstances have been fully stated on previous occa¬
Total product of year
181,523
185,037
sions, but they have however a continuing interest, for so many
Of* these shipments 11 bales went inland by rail from Wilmington,
need to be constantly reminded that cotton consumption can.,
and with local consumption are deducted in overland.
increaso no faster than spindles are made to spin it, and that,
Virginia.
for
various reasons, the pounds consumed do not furnish
Exported from Norfolk, Ac.:*
To foreign ports
331,817
401,713
a safe
guide for a conclusion on that point.
A correct
To coastwise ports
477,746
613,633
Taken for manufacture
9,830
12,403
interpretation of the peculiar circumstances attending the last
Burnt
40
two seasons, given in our crop report of a year ago, led to the,
Stock at end of year, Nor¬
folk and Petersburg
1,489- 820,922 conclusion reached, that the increased consumption of Europe
13,934—1,031,748
Deduct:
in 1882-83 would be about 7,000 bales per week.
Received from Wilmingi’n
9.344
1,314
Such an
*
858—
181,635
185,473
in the annual
J
252
&
THE
estimate
was
CHRONICLE.
only possible by recalling and allowing for the
unusual waste in the American
staple of 1880-31 and the far
better spinning qualities of the staple raised in 1881-82. A
direct comparison of the pounds consumed between two years
differing so widely in the particular mentioned, could only be
misleading.
Cut these facts have
that
with
no
interest
now
except as
a
reminder
good season and an average clean American
than six or seven thousand bales (of 400 lbs.
each) a week, in addition to tt&s years consumption, could be
used by European spinners next year. At the moment the
outlook would not justify an estimate higher tlian four or five
thousand bales as a maximum, for the}7- are having a dragging
sort of trade in Great Britain, and stocks of cotton goods are
said to have accumulated in many departments there as well as
in Eastern markets; and with the rates of interest high and the
fear of their being higher, commercial enterprise is checked.
Not sufficient weight, it seems to us, is given to this feature
of high Bank rates as a business factor. Ever since May 10 the
Bank of England rate has been 4 per cent; last summer it was
3 per cent from March 23 to August 17; in 1881 it was only
2}i
per cent from April 23 to August 18; in 1880 it never reached
higher than 3 per cent during the whole year, and from June
17 to December 9 it was 2% per cent; and in 1379 it was 2
per
cent from April 10 to November G.
If the higher figure now
was due to commercial activity, it would not be
oppressive,
only corrective. But trade in all departments is very slack,
and the commercial demand for money is very limited, so that
the only reason for the ruling rate is the fear of losing gold,
and that cause is likely to put it higher before it declines
again.
Furthermore, the same fear hangs as a nightmare over all
European markets, preventing anything like speculative ac¬
tivity, and is likely to keep trade slow the coming season. In
fact, it is not easy to see any end to the depressing power of
this influence in Europe, until prices of all commodities have
conformed to the restricted single (gold) basis, or silver is re¬
monetized in Europe, or our own currency drops to a silver
standard.
As affairs are progressing now, the latter event
seems likely to happen first.
With regard to the goods trade in the United States, the
past year's results have also proved unsatisfactory. There are
however exceptions to this condition.
In the South for in¬
stance, production has been less restricted, and in most
departments profits, though not as large as in former
seasons, are claimed to have been fair.
So, also, in the East
there has been, as a rule, a good margin on fine plain
And here it may be well to remark that these
goods.
two statements have a relation to one another, which in
part accounts for the unprofitable business and accumulating
stocks a considerable portion of the Northern mills have had
to encounter.
The fact is, spindles have increased in the
South until the grades of goods chiefly produced there have
come in competition with similar makes in the
North, causing
their produ ;tion to be less profitable.
Of course the coarser
the goods the more the conditions favor their manufacture in
the South, while also the lower freight rates from the South
than from the East to the West have widened the
disparity in
even
a
crop, not more
III
r
the Western markets.
goods trade. Buying throughout
sluggish, iiand-to-mouth character,
very damaging to values, sellers being all the time more will¬
ing than purchasers, a condition which lias resulted in a con¬
siderable accummulation of stocks in first hands.
Two large
auction sales, one early in the summer and the other
recently,
of goods many of which seldom see the auction
room, are
evidences of this statement, and the fact reported that the
sales went off well is to be interpreted
simply as meaning that
bidding was fairly active, more so than expected, and that
prices, especially at the first auction, yielded less than feared,
but hot that the manufacturers realized a profit.
Still, fine
plain goods, until very recently, have stood the ordeal well,
the consumption keeping pretty fully up to production, so that
quotations have been marked down only as cotton has declined.
In fact, standard sheetings have all
along shown a better
profit than a year ago, though the discounts from quotations
said to be allowed since the last auction sale have probably
changed this condition also.
But, as already indicated, the
greatest decline has from the first been in colored and dress
goods,—cottonades, ginghams, &e.,—the loss in those taking
the largest quantity of cotton to the yard being the greatest,
and the poorest quality faring worst of all, some mills being
compelled to stop production, not able to stand the loss.
the
season
go on, so long as onr spinners are confined to the United
States for customers, while the relations between
supply and
demand are seeking adjustment.
But,
M
ness
I*-*
as
stated, the general depression in all branches of busi¬
has aggravated not
only these influences, but
every
other
has been of
a
An additional feature unfavorable to
an
active demand and
to
prices of goods, has been the drooping cotton market. To
begin the season with quotations low for the raw material, and
to have it continue with an upward tendency
subsequently, is
always an advantage to the spinner. Cotton producers are apt
to think that cotton manufacturers are interested in bearing
the market for the raw material and therefore in having
extravagant estimates of the crop put out. That is not a fact;
they are only interested in obtaining a true forecast of produc¬
tion and consumption.
If they had their choice, they would,'
as stated above, always see a steady market the
early weeks of
the crop year and rising prices subsequently.
With regard to print cioths the results are perhaps some
what better than for the previous twelve months.
From
this it is not to be inferred that the year has been a profit¬
able one.
Of course in the best managed and best equipped
factories there always seems to be a margin between sales and
cost of production.
But all mills having inferior machinery
have fared poorly.
The conditions which have favored man¬
ufacturers in this department are a decrease to some extent
in the cost of the goods to them and a decrease in yards
produced. As a result of the latter fact, stocks of print
cloths are to-day (September 1) only G92,000 pieces against
1,348,000 pieces at same-date last year, 1,205,000 pieces in 1881
and 752,000 pieces in 1880.
The falling olf in production is
due in part to a diminished desire to turn out goods and in
part to a change in manufacture by some mills from prints
to ginghams, &c.
Last year the public was laboring under
the hallucination that prices of everything would be very high
the latter part of the season, and especially of cotton, and
hence that one could not have too large a stock of anything,
but more particularly of print cloths.
This year no one seems
to desire more than enough to supply present wants.
The
daily ruling prices for print cloths have been as follows.
or im UNTIXO Cl A )T 11s FKO M SKI •T.
perous times; that is, the
taken the productions of
cations thus and otherwise caused are in their turn the source
of a disturbance in other branches of the trade with which
the modified mills have connected themselves; and so it must
[Vol. xxxv ir.
unfavorable condition in the
This
competition would not have been so soon felt in pros¬
country would in that case have
both sections at paying rates until
spindles had become still more numerous in the South. But
the depression in all branches of trade and the slackened con¬
sumption developed an excessive supply, with the results men¬
tioned. Yet we do not at all mean by this that, except in those
departments where the South comes in competition, the manu¬
facture of cotton goods in the North has been profitable. All
we intended to
say was that that has been a prominent feature
the past year, that it has led many Northern mills to
stop or
change their production, and that it will probably be a dis¬
turbing feature hereafter, making necessary to some extent a
permanent alteration in the character of tiie goods spun in a
considerable portion of the Eastern States.
Already, modifi¬
rAv-/‘
£
I)<nj.
1
1. 188*.J, TO uro. 31. 1 883.
6
*
*
^
n
<r-
.
!;>-8i
8.
3-G0 3-GO II. 3-GO 3-73 8.
3-50 3-G2 8.
3-48
: 3-85 3-83 3-GO 3-G3 3-GO 3-73 3-73 3(52 3-50 3-G.* 3-63 3-48
! 8. 3-7D 3-GO 8. 3-GO 3-7.1 3 *73 3 (50 3-.10 8. 3-63 3-48
8 5 3-77 3-G0
8.
3-75 3-GO
3 85 3-75 jr.
! 3‘85 8.
3 GO
!3*85 3-75 3-G3
8.
3 09 3 03
3-8.1 3'6o 3(53
■3-8.1 3 (JO 8.
3S.1 3-00 3-G3
13-85 3 "(JO
s.
3(53
3-8.1 3’(JO 3-G3
! 8. 3(50 3(53
3-85 300 3"(53
13-8.1 3*<J7 8.
3-81 3"(J7 3-63
3-8.1 3-<52 3(53
13-85 s. 3(53
3-85 3 "(>2 3-G5
1 S. 3 02 3 (57
3-85 3-(J2 3-GO
13-85 3-<J2 8.
13-85 3(52 3-<ro
3-St 3-GO 3-GO
8.' 3-GO
3-84
3-84 3-GO II.
i
3G9
i3'85 377
.
3‘GO
3-G0
3 GO
3-00
3-GO
3-GO
8.
3-GO
3-GO
3 05
3 "(35
8.
3(J5
3-G3
3(53
8.
3*
/ o
3-75
3-70
3-81
3-81
3-81
:;•<> 5
8.
3-(JO 3-G3 3-81
3 "GO 3(53 3-81
3GOi 8. 3*81
3-GO 3(53 3-81
3-GO 3(53 3-81
8. | 3(53 3-81
3-GO 3(53
8.
3-GO 3(53 3-75
3-GO 3(53 3-75
3-GO
8.
3-75
3-GO 3(53 II.
3-GO 3-G! 3-75
8
i 3(51 3-75
ii. 3-GO
8.
300 3-GO 3-75
3-GO 3 GO 3-75
8
3(50
3 "75
3-GO 3-GO
i
3-GO 3-GO
s. ! 3 (50
....
8
3-GO 3-50 3 02 IT.
3-73 3 GO 3"G3 3-G2 3 "63
3-73 3-50
8.
3-G2 3-63
3-71 3 50 3 (53 3(52 3-GO
3 GO >8.
3 GO 3 62 8.
3-GO 3'50 3-GO 3 62 3-(50
3-GO 0.1(5 3-(50 S.
3-GO
8.
3-5(5 3 GO 3-62 3-60
3 (50 3"; >< 5 3-GO 3-62 3-GO
3-GO 3-5(5 8,
3-62 3-GO
3(5(5 3-50 3-GO 3-62 3-GO
3 <51
8.
3-GO 3 "62
8.
3 "(5.1 3-GO 3-GO 3-02 3-GO
3(5.1 3-GO 3-GO
8.
3-50
8.
3-GO 3-GO 3-62 3-59
3(53 3(50 3-GO 3 (53 3-5(5
3(53 3’GO
3(53 3-5(5
S.
3(53 3-GO 3-GO 3-63 3-53
3(53
8.
3-GO 3(53 8.
3(53 ■3-GO 3-GO 3-63 3-53
3(53 3-GO 3(54 8.
3*50
8.
3-GO 3G2 3-63 3-50
3 (53 3(50 3(52 3*63 3-50
3-63 3-50
3(53 3<>o 8.
3-G3 3-GO 3 02 3-63 3-50
3 (53
s.
3-G2 3-63 S.
303 3-GO H. 3"G3 3 48
!3-48
3-G3
3*62
•
....
3-48
8.
3-48
3-48
3-48
3-48
3*48
3-48
8,
3-48
3-48
3-48
3-47
3-46
3-46
8.
3-46
3-46
3 "40
3-40
3-46
3-46
8.
3-46
3 40
3-46
3-46
3-4(5
1&&.
September
THE
8, !863.j
CHRONICLE.
position of goods and cotton may be at a glance
approximately determined on the basis of the following com¬
The relative
parison of prices of cotton, standard sheetings, Lancaster ging¬
and printing cloths, the first day of each month for the
hams,
past three years. *■
!
1
c
r
K?
I.
Year End ing
1
!>§
c
i
o
^
1*5
<h)
C©
o£ i
fc:
b
b
■5: ^ :
•e
^
a
S
tc
25
c©
x
67.9.
Sept.. 129,6
sq
sq
Oct... u*
Nov.. 1010
sq
8q
-J
: v
2
:
>8 S3
| O
j Cls.
2
10 q
sq
3-35 lliqc sq
3-83:uq6 sq
sq
3-G9
s
nqG
loq
ioq
sq
8q
3-G9 uq
8 34
sq
S34
9
Feb.
91116
8
sq
369 11‘16
3 69 11° 16
S 3.J
9
8
8
3*73 11 q
83-1
9
8
8
1
S
j
8
3
i
11*116 sq
3-5:> 1113,6 sq
sq
3-G2 11^8
9
8
9ly]o s
8
1
8
8
Apr..
May..
9° 16
10
June. 10*4
July
Aug..
.
9*2
.
]
^
js
S
[5,
ll
•5
3*62
sq
sq
3-G3jl23l6
3-4S'l238
£5
S -5
5 c^ £
]
0
•g
1
Cls.
Cls.
734
sq nq
4
11 4
ioo]6
734
734
Cts.
|
Cls.
3T0
....
t‘16
—
!iq
sq
43s
sq 10 q tq
i 119] 0
;liq
31316( 11 -^6
3 73,11
4
....
4
sq 10 8
jiq
9
9
3-85;1038
sq
S
3-85,1171g
sq
ioq|3i51G
loqjsq
Note.—Sheetings—Agents’ prices (for Atlantic A) are given.
Cloths—Manufacturers’ prices.
Printing
In addition to the
foregoing, which are our usual tables of
prices, we have also prepared the following as further illus¬
trating our remarks above.
Pepperell R fine sheetings
Lonsdale 4-4 bleach, cott'ns
64x(!4 4-4 bleached cottons
|
5
Shirting prints.
Note'.—floods
on
not
i
plain cottons and 6
The
_
produced.
This year,
however, there has been loss from
spinners have not run on goods weigh¬
ing the full average, the tendency being to produce the finer
makes, as they have all the time been the more profitable ; and
furthermore, certain descriptions of goods have netted so much
loss that some mills have been forced to stop altogether.
Then again, in addition to these circumstances,
preventing a
full consumption by spinners, was the lack of water, which
began with the drought of last fall, being so severe that farmwelJs, springs and small streams dried up before the winter’s
frosts came; this was made continuous, as to the rivers
supply¬
ing water-power to the mills, by the freezing of the whole
surface, which so remained without a* thaw for five months in
Maine, New Hampshire and Vermont; also, though of less
duration, in Massachusetts, Connecticut and Rhode Island.
Most of the large mills at Manchester, Lawrence, Nashua, Saco,
Biddeford, Lewiston, &eM and in Rhode Island and Connecticut
generally, have auxiliary steam power, and kept up their pro¬
duction of cloth. But the smaller mills, of which there are a
great many on small streams, haye not any steam power, and as
Our
causes.
use
of cotton falls.
On the other hand there has been considerable increase in spin¬
7q net. Jan.
7-.40 net. Jan.
1.
(>! 5 net.
7
net. Sept
1,
m ret.
8
8
Jan.
1,
7! 4
ning power during the year. This has been brought about by
replacing old spindles and thus enlarging, by the substitution
Sept
1,
7
of
1,
Jan.
1,
Sept. 1, 704
?«.£
l. icq
1, 13
Jan.
Sept. 1, 13
Sept. 1. 13
.Tan.
Jan.
I. 10
Sept. 1. 10
Jan.
7
oq
(P4
Jan.
L
'Cpt. 1,
6-4
oq
f,q
1,
oq
Jan.
.
Jan.
7
Jan.
1,
nq
r,q
Scp‘. 1,
014
1,
n
Jan.
6
l,
Sept. 1.
0
Sept. h
-opt. 1,
7
1,
Sept. 1,
Jan.
b
a
Jan.
-e.t. 1,
0
fed 11
cent
in
1 ”
01 :
.>
ill»;< ‘ft to
t
(lis
•01m t
e
completion of
new
These movements
but to
net.
.
5
of "> 1 K-r
new ones,
the
1, fljis
Sept V o.q
Jan.
Sept. 1,
,
their efficiency and capacity for the production of
yarn; a\so by the actual addition to the number of spindles by
1, uq
"•Opt 1, 1 iq
Jan.
1, ioq
Sept. 1, 10
1,
Sept. 1,
1
#<
cut
pri HtS.
foregoing, with the help of the facts previously s tated
represents in brief the situation of the goods trade in the United
States during the past twelve months. That is to say, the
figures given, although by no means a perfect guide to exact
results, present an indication of the nature of the balance
sheets the managers have been able to make for the twelve
months now closing.
Ic is to be said, however, that in dull
times the discounts allowed prevent exact conclusions being
drawn from any table of quotations.
We thus see that the year, like its predecessor, has not in
most departments proved satisfactory to our cotton goods indus¬
try. In fact during the last eighteen months, though there
has been all the time a large distribution of goods, production
has run on just enough in advance of consumption to keep
prices of most kinds of goods pretty steadi!jr in buyers’ favor.
A year ago there were substantial evidences of improvement.
The cost of production had been lessened by a new adjustment
of wages, crops had been large, and some improvement in the
demand seemed to be in progress. But the disorganizing forces
affecting consumption were more radical than anticipated. A
season of very short crops (the most extended and serious dis¬
aster our agricultural interests ever suffered), preceded by and
concurrent with a profuse conversion of floating into fixed capi¬
tal, crippled the purchasing power of the people, and suddenly
arrested consumption after it had been stimulated to an unusual
degree. Since then we have been liquidating, readjusting, and
recuperating, the latter greatly favored by two bountiful har¬
vests.
But still, enterprise in spite of the wealth these
eighteen months of rest have accumulated, revives very slowly.
Capital (as it did prior to 1870,» seeks savings banks, trust com¬
panies, temporary loans, perfect security, instead of active em¬
ployment, frightened by the currency evil our monetary system
is nurturing.
No one knows when the work of 1879 is to be
undone, but that it surely will some day, if silver dollars con¬
tinue to be coined, every thoughtful man acknowledges. So in
the meantime capital takes short flights, or none at all. With
this single exception everything favors a speedy revival of our
industries.
a year
7!*> net. Sept. 1,
Fan.
Standard fancy prints
spindles should not be pressed during
IJan. 1,
Sept. 1,
^
is reasonable that
of poor trade and uaremunerative prices ; hence there is
always
considerable difference in the aggregate of spinners’
consump¬
tion between a good season and an unprofitable one, even when
there is no actual stoppage or change in the quality of
goods
[Sept. 1,
Mu-, 1,
•Ian.
Wamsutta 4-4 bl’cli. cot’ns
necessary to add that, like last year, the con¬
sumption of our mills has not equaled their capacity. This is
evident from what has been already said. In the first
place it
their water fails their
is,s3.
issi.
scarcely
both these
sq ioq 11,0
3‘77 915ig 8q ioq 3i316
8
10 q 334
3-94, 973
8
3-81 105,6
ioq 4
9
:
C<n
8 ^
Cls. '
loq
34
8
.
*
”8 ^
t
Cls.
£' ^3
05
.5
•
So
•2 Ta
'
Cls
Cls.
934
Mar..
'O
Cc
3d
C
Jan..
Dec.. 10
^
If
a,
«
q
0
i
1880-81. '
.
^
t
.5
•g
•S
c
!
CIS.
\ Cls.
-3
1; 1=1
«
! S3© &
W
|
1881-82.
1882 -83.
ce
vit/i Aug. 31—
It is
253
a
factories and the extension of old ones.
in full progress in the early months,
were
far less extent
as
the
season
closes, the decline in the
production of spinning machinery beginning as early as last
January. The total of additional spindles put in during the
year (not including the substitution of new for old' is about
660,000, making the aggregate at the end of the year for the
entire country about 12,660,000 spindles.
The year’s increase
j in the South is relatively large, ISO,000 spindles, because in
many cases
mills begun long previously did not get their spin¬
dles at work until 1882-S3. The totals Sept. 1 for the last three
years are believed to be about as follows.
Sept. 1.
1881.
1882.
1883.
North
I
10,705.0 )0
11.320,000
j
11,S0J.000
South
G 10.000
GSO,OUO
809.000
!
11.375.0 )0
12,000,0(10
12,000,030
Total
Respecting the export movement of cotton goods there is
nothing gratifying to report. The condition of the general
trade indicates,
as
has been shown, that
our
manufacturers—
although not running to full capacity—have been producing a
surplus of goods over and above home wants, and yet the
total shipment abroad is small in itself, very small in its rela¬
tion to the field to be covered, and is annually
decreasing. If
that is
a record that meets the ambition of the
country then
be contented with it; but if we have desires more in ac¬
cordance with our opportunities, and do not wish overproduction
let
us
to be chronic in the year3 to come,
it seems unwise not to seek
Mr. Niinmo, the chief of the Bureau of
and
apply a remedy.
Statistics, has kindly given us the figures for this year and
add to them for comparison previous years’ results.
Exports of Cotton
Manufactures.
Colored
Year
1883.
I
we
Ending June 30—
1882.
I
1881.
1880.
goods ...Yds.
Do
Uncolored
Do
Value.
$2,048,278, $2,320,319 $4,983,312 $2,950,700
goods. Yds. 103,034,459 11 1,994,402
80,309,15 4 08,821,507
$8,629,723*
$0,024,374 $5,83 4,541
Value.
Other man'f's of Value.
$9,351,713
$1,073,144] $1,534,947
$1,903,001 $1,190,117
Total cotton manufac-
$12,951,145;$! 3,212,979 $13,571,287 $9,981,418
This is certainly a sorry exhibit—a total less than last year,
even last year’s was less than the previous year—a
paltry
while
13 million dollars
against Great Britain’s 380 millions. And yet,
said, there is no industry in which our
advantages are so positive. We grow the cotton and conse¬
quently the difference in freight on the raw material shoulp
as
we
have often
THE CHRONICLE.
254
make
an
important saving, especially in the cost of the
yarns; we
the most
coarser
have the best appointed factories in the world and
intelligent workmen,
that it is believed that wages
production of goods are very little higher here
than in Europe; we have customers which are so near that they
can be more cheaply reached by us than by other
producers.
so
reckoned in
With such relations to the world’s markets it
seems
even
as
if
Weight of Bales.
weight of bales and of the crop this year we have
as follows.
We give last 3Tear’s statement for com¬
The gross
made up
parison.
Year
Crop of -
we
to make a better showing than the above
indicates; but if not, the country should know the reason for
the failure and remove it if possible.
S iine claim that England
is trading on a smaller margin than she was and paying lower
wage3, while in producing shoddy cloths with a fine finish (as
suitable as better goods for many markets) no one can equal
her; furthermore, she has the trade and finds it easy to keep it.
These suggestions w juld have mare weight if we were gaining
ever so little ground and not losing.
Such in brief are the more prominent features of the goods
trade during the past year. As a whole the results are seen to
be neither satisfactory nor up to expectations.
Still, manufac¬
turers think there is real reason for looking forward more
hopefully to the future. Stocks of goods are believed to be
small throughout the country (the surplus, for the reasons
stated, being now wholly in spinners’ liand-0, s> that a little
greater activity in the demand would relieve the pressure in
those departments where the production is how excessive.
Below we give our usual statement of the takings of cotton by
spinners North and South during the year.
ought
Total supply during year ending Sept. 1, 1883
7,116,466
Of this supply there has been—
Exported to foreign ports during the
year
4,745.709
Less foreign cotton included
8,224—4,737,485
Sent to Canada direct from West
36,542
Burnt North and South*
1,410
Stock on hand end of year (Sc-pt. 1, 1883) —
Northern
At
ports
.bales. 135,180
At Southern ports
96,926— 232,106
At Providence, Ac., Northern interior markets
5,011—5,012,551
»
„
Total
takings by spinners in the United States, year ending
September 1, 1883
Taken by spinners in Southern States, included in above total
2,103,912
Total
1,772,912
takings by Northern spinners
bales.
331.000
22P* Burnt includes not only wliat has been thus destroyed at the
Northern and S uithern out ports, hut also all burnt on Non hern rail¬
roads and in Northern factories. Every tire which has occurred, cither
in a mill or on a railroad in the North, during
the past year, we have
investigated: and whine there was cotton lost, have sougnt, and in
almost every case obtained, a full return of the loss.
ending September 1
Number
Weight in
2)ounds.
of bales.
now
Total crop of the United States, as above stated
bales. 6,992,231
Stock on hand commencement of year (Sept. 1, 1882)—
o
At Northern ports
98,892
At Southern ports
21,830 —120,722
At Providence, Ac., Northern interior markets.
3,510— 121,232
|Vol. XXXVII,
A v'age
weight..
450,3 50
211,590,938
550,040,472
400-79
158,433,853
407,530,005
503"8i
1,101,220
205,010
704,823
131,109.997
494-03
350,803.250
471-75
£230,084,150
475"i)i)
:
522,299
402-72
; .473.243,244
475'51 1
813,,171
211,078,193
389,510,310
1 *
470-07
..
811.ns
Total crop
6.992,23*
*
pounds.
517-99
Teun’ssce.&c
No. Carolina.
Weight in
430-28
..
....
j
I'
45),673,030
590,914
905,233
181,523
1,488,930
Virginia
Average Number
weight.. of bales.
1832.
822,046,123
313,228
So. Carolina.
ending September 1
837.418
Alabama
Coorgia*..
Year
1,090,479
Texas
Louisiana....
1373.
85,439,783
7 43,493,379
3.430.540,791
432-00
504-10
479-00
80,737,944
469-70
499*33
1S5.037
1,234,880
598,243,248
476-33
4 .'0"G2
5,433,845
2,585,(580.378
475-07
Including Florida.
According to the foregoing, the average gross weight per
season was 490*02 lbs., against 475 07 lbs. in 1882, or
bale this
14*95 lbs.
than last year,
which indicates 32*67 per cent
weight of the crop. Had, therefore, only
as many pounds been put into each bale as
during the previous
season, the crop would have aggregated 7,212,000 bales.
The
relation of the gross weights this year to previous years may
be seen from the following comparisons.
more
increase in the total
Season
Crop.
of—
Number
1882-83
1881-82
1880 8 1.
1870-80
1878-70
1877-78
3876-77
1x875-76
'
..
18 74-75
IS73-74
of Hales.
6,092,23 4
5,435,845
6.580,329
5.757,897
5,073,531
4,811,2 65
4,485,423
4,669,288
3,832,99 L
4,170.383
Weight, Pounds
3,170,5 16,79 I
-
*
2,585,< 86,378
3,201,540,730
2.772,418,480
2,400,205,525
2,300,908,907
2,100,465,086
2,201,410,021
1,786.934,765
1,950,742,297
A vcruf/c
Wei niit
per Hale.
490-62
475-67
485*88
481*75
473 08
480-10
468-28
471-46
468*00
469*00
The
weights of bales as given above do not of themselves
absolutely determine the relative production of cotton each
year; that can only be accurately measured by testing the
spinning qualities of the staple. Trash or dirt cannot make
cloth; furthermore, a staple with much fly waste or short fibre
is of course less productive than one in which it does not
abound.
Thus the crop of 18S0-S1 was a marvelously dirty
and unproductive one. The fall season was extremely stormy
and rainy, and the amount given in our record as raised prob¬
ably made les3 cloth per pound of cotton than the production
of any year in the statement.
1331-S2
in these
Oa the other hand, the crop of
particulars and in general spinning quali¬
of the previous one, and very like that of
These figures show that the total takings by spinners North
1S79-SO.
This season (1SS2-S3) probably we have as productive
and South during 1SS2-3 have been 2.103,912 bales, of which the
a crop as we ever grew; not as high a grade on the average as
Northern mills have taken 1,772,912 bales and Southern mills
the previous one, but its superior in spinning qualities—that is>
331,000 bales. The large increase at the South we have already
any given grade affording more pounds of yarn to the same
explained. As to the North, the takings have exceeded con¬
number of pounds of cotton.
This is due to the extremely
sumption, low prices, ad led to excellence of grade and staple, small amount of
short fibre or fly waste in the crop, and, further,
inducing increase in stocks. The average of yarn is of higher to the absence
of heavy waste, the Latter being brought about
count than ever before, and that, added to the less
wasty staple,
the heavier bales, and poor trade in some departments, i s the by the increasing and more general use of condensers and
o her appliances to the gins for blowing and knocking out the
reason for the small
consumption, notwithstanding the very sand and dust the
staple collects in the fields.
considerable addition made to the spindles. In fact, the con¬
The New Crop and its Marketing.
sumption would have been even smaller had not more cottoG
this year gone into heavy draperies,
Of the growing crop there is far less accord in the opinions
hangings, &c.
Our
summary of takings and consumption on the basis of no stocks expressed than there was a year ago.
Then the belief seemed
in the hands of Northern spinners on
September 1, 1875, reaches to be quite general that we had raised about as much cotton as
the following results for the years since that date. The width the acreage would produce. The
view we expressed in our crop
of our columns compels us to omit the
years 1S75-7G and report the 1st of last September, “ that with a favorable fall
1870-77, but they are the same as in our last report.
“season the Southern states, taken as a whole, would produce
on the acreage planted a very fall
crop of excellent quality/
:
I
»
l
Takings and ConsumpVn.] 1877-73. 1873-79.' 1879-80.! 1880-81.; 1SS1-82. 1882-83. was nothing more than the rellection of the current opinions of
Taken bu—
the day.
j Hales. I Hales, j Hales. ' Hales.
Hales. ! Hales
The plant was late both in its start and maturity;
Northern mills
! 1,398.293 1,410,900 1,021,^054,091.804 1,601,2)6 1.772,912 but with that
exception the conditions favored it almost through¬
Southern mills
| 118.000 152,000 179,000: 205,000 238,000; 331.000 out. There
were, however, a good many- complaints in August,
Tot. takings from crop' 1,540.2934,508.900 1,803.803'
1,391,804 1,899,203; ',103,912
as there always are, the report over a wide section
being that
Stock held by mills
j 47,010 03,311; 27,274j ' 9!,0?oi 127.883j 0 >,883 excessive rains were ciusing extensive shedding and preventing
Total year’s supply
! 1.593,314 1,032,274 1,831,079.1,932,S33 2,027.089 2,10-1,795
the maturity of the fruit. There were, of course, other reports
ChmsumpVn (estimated)—j
j
j
j
j
j
of harm done, but iu general they were believed to have very
Northern ni Us
1,332,03o'l,153,0304,501,070 1.050,007 1.728,2 )0 1,730,0 ;0
Southern mills
j 118.004 152,000! 179,000 205.000 218.000; 331,000 little basis, and in most cases the injury resulting was nominal.
This season the c mditions have beyond a doubt been less
Total consumption
1,‘30,000 1,005.000 1,740,000 1,855,000 1.900,2)3 2,001,000
Tot. supply as above.. 1,593,311 1,032,274 1,831,070 1,'.»S2.883 2.027,089 2,104,795
uniformly favorable, especially ii August. (1.) The start was
like last year’s in being late, April proving as a rule stormy,
Lcav’g mill sl’ks Sept, l!
14
(53,3
2 7,27 4
91,079
.127,883
(50,833
10J.7.«>
and May, until towards the close, cool and dry, more especially
The foregoing leaves stocks in spinners hands at 103,795 in 4he Atlantic states.
(2.) On the 1st of June however the
bales, and shows that the United States consumed last year stand was in good condition, though still very small and back¬
2,901,000 bales of cotton.
ward, the fieldsjieing clean and well cultivated. (3.) As to tli
ties
“
•
...
was
quite the
reverse
September 8,
255
CHRONICLE.
In
respects a better indication as. to maturity is the
districts in June, and then of drought arrivals of new cotton to September 1. Ia 1SS0, and to a greater
and caterpillars over a wide area in July and August. The extent in 1881, the speculation and corner in futures led to the
June rains stopped so soon, that they proved to be of more most persistent efforts to’push cotton forward j\s fast as picked.
benefit than harm, and the loss from caterpillars is generally Last year there was perhaps a little less inducement, but no
hindrance to a free movement, unless the yellow fever may
admitted to be up to this time small, except in very limited
have acted as such in a small district in Texas.
This year there
districts.
The drought, however, has undoubtedly left its have been yellow fever rumors at New Orleans (though as
mark, though it has been broken by abundant rains in two thirds appears wholly without cause) which may possibly have had
of the cotton belt affected by it. (4) We can see, therefore, no some slight effect on cotton arrivals. Other than that, there has
been nothing to retard the movement except low prices, and no
evidence at the moment supporting the current large popular
speculation to hasten it.
estimates of loss. The acreage is at least 5 per cent larger
ARRIVALS OE NEW COTTON TO SEt’TEMIiKR 1.
than last year, nearly all reports of condition and prosp-cts
! 1877. 1878. 1S79. O-o. 1881. 1882. IS S3.
were favorable until the middle of July or later, and the dry
i
period since then, though severe, has been short compared Charlotte, N. C
7
1I
15
50
29
1,408
140! 2,550 2,500 1,450,
500
with two years ago, and as a general rule accompanied with Charleston, S.C
117
103 1,800 1,592
356
652
Augusta, (ia
1,589
50
12 ;
less extreme temperature. A significant fact bearing upon Atlanta, (ia
3
25
350
450 *
521 12,138 10,108 4,958
227 4,7(55
Savannah, Ga
3,278
these latter points is the report from some of the worst sec¬ Macon, Ga
135
113 1,286
356
539
1,217 1,225
425
738
535
325
72
723
76
tions, that the corn crop has been either very good or fairly Columbus, Ga
42
5
121
1
187
6
■excessive rains in
,
THE
.
growth, it lias been attended with cimplainfcs, first of
summer
•
1683.]
some
some
*
,
'
successful.
It will be remembered that in 1881-82
Rome, Ga
and all
Montgomery, Ala
other crops as well as cotton proved a failure in almost every
Southern State. This marked difference, if there were no
Mobile, Ala
Selma, Ala
Eufaulu, Ala
New Orleans, La
Shreveport, La
Vicksburg, Miss
Columbus, Miss
Nashville, Tenn
Memphis, Tenn
Galveston, Texas
Dallas, Texas
other evidence, shows of itself that there is
between the two seasons.
corn
comparison
no
304
58
137
243
419
56
46
795
530
803
898
604
185
1,163
3,165
808
1,878
1,100
2.0C0
1,646
1,113
450
205
73 1
187
277
*200
18
768
1,798 14,279
231
945
125
682
128
40
56
80
880
*
688
47
200
448
125
050
365
1,196
1,226
340
37
*
1
1
.
500
10
19
3
None.
10
3
3
While, therefore, we are inclined to-day to look for a
1
1
30
48
decrease in the aggregate yield, we cannot, if the fail season is
1,051 8,691 10,527 10,517 17,098 15,677 22,738
45
131
3
39
150
18
1,026
favorable, see any evidence that it will be large enough in
amount to affect the sufficiency of the world’s supply.
To'al all pot ts to
1
Those
September 1... 2,865 23,184 14,042 35,691 50,633 26,253 31.250
who do not wish to repeat the error of two years ago, should
Estimated; no returns received.
remember that the crop of 1882-S3 has not only provided for
t This is the amount returned as new cotton by the railroads; it is
spinners’ consumption, but has also increased stocks visible and estimated, however, that the actual receipts were much larger, as in
invisible nearly 700,000 bales. Hence, with the contribution many eas.s the roads did not distinguish between old and new cotton.
Sea Island Crop and Consumption.
from other countries unchanged, and our crop a million bales
We
have
to acknowledge our indebtedness to the kind¬
again
less (there is no present probability of the loss being nearly so
ness of the various receivers and shippers of Sea Island cotton,
great), unless there is an unexpected revival in the spinning through whose assistance we are able to continue our annual
industry throughout the world, the year would close with the report of that staple. As our readers are aware, no record is
total visible and invisible stocks considerably larger than they kept of the export movements of Sea Island except for the
ports of Charleston and Savannah. For the Northern ports
were October 1st, 1S82.
Custom House manifests furnish no guide. We have found it
Respecting the maturity of the plant, it certainly has been impossible, therefore, to perfect these figures except by special
hastened by the warmer, dry weather prevailing during late correspondence in every case with the consignee or the shipper,
weeks. Now it is probably a little more advanced than the aud in this way following every bale of Sea Island after it
appeared at a Southern outport, until it either had actually
crop was last September, but not so forward as either in 1880 or
been exported or taken for consumption.
We should also state
1SS1. Bearing on this point we give date of receipt of tirst bale. that for the
shipments of cotton direct from Florida to ports
*
Date
1877.
|
1873. | 1879.
!
Virginia—
Ko. Carolina—
Charlotte
|
!
Wilmington...
.
..
Georgia—
Augusta
Atlanta
Savannah—
From (ia....
From Fla
Macon
..
Columbus
Griiiin.
1882.
18 S3.
,' Florida.
Aug. 19 Xug.l 6 Sept,
c
Atlg.29
•
!
Aug.23
Aug. 21 ^Aug.lO
Aug. 13 ! Aug. 2 8 Aug. 1 s 'Aug. 16 Aug. 2 3 Aug.23
1 Aug. 21 ! A ug. 5 Aug.l 3
i
|
!
Aug. 12
j
i
1
Aug. 6 Aug. 12 Aug.l 7
1832-83.
,
Receipts at
Receipts at
Receipts at
Shipments
Savan’li. .halts
Charleston
New York, Are.
to
Liverpool
Tot. Sea Island crop
s
1 SSI-82.
—
9,329
112
800
'
of Fla.
,
8,878
2,2'>2
0,812
from Florida direct
1
%
7,<!()(>
4,701
’Si,812
13,054
Georgia.
! Aug.27 Aug. 8 Aug.l I Aug. 12 Aug.lO Aug.l 5 Aug.l 5
Aug. 28 Aug.lO Aug. 2 2 Aug. l.(> July 21 Aug. 1 Aug. 2 6
Receipts at. Savannah
11,959
45—12,001
Receipts at Bruns wick, Ac.
17,229
—17,229
Deduct—
I
Aug. 7 Jill v 25 Aug. 1 July 18
Aug. 7 An A 3 Aug. 9 July 22
! Allg. 3 Aug. 2 Aug. 9 Aug. 4
Aug.l I Aug. 3 Alig.l 1 Aug. 2
>Aug.29 Aug. 21 Aug. 2 5 Aug.22
July 24 Aug. 2
Aug.l 9
duly 23 Aug.lO
Aug. 5 Aug. 7
July (5
Aug. 10
Aug. 8
Aug. 7
1 Aug.22
July 11 July 5
Alabama—
Montgomery.. i Aug. 10 Aug. 2 Aug. 9 Aug. 2
Mobile
'Aug. 11 Aug. 3 Aug. 1 Aug. 1(>
Selma
Aug. 11 Aug. 2 Aug. 14 Aug. 14
E uf aula
Aug. 9 Aug. 7 Aug. 9 July 31
Iieee’pts from Florida
Receipts from Charleston
Tot. Sea Island crop
July 30 Aug. 8 Aug.
Aug. 3 Aug. 15 Aug.
July 30 Au *.10 Aug.
July 28 Aug. 10 Aug.
6
7
5
8
8,S78
11,ISO
—
8,878
—11,189
of Ga.
Aug.l 1 Sept.
i
Albany
!
other than Charleston and Savannah, we have in the case of
each consignment, at the time of its receipt, procured from the
receivers the exact number of bales of Sea Island received.
!
All .<*12 Aug.30
■
So. Carolina—
Charleston
1881.
1880.
|
1
Norfolk
of Receipt of First Bale.
6,049
3,126
Soutli Carolina.
15,4(59
2,493—17,9G7
Receipts at Charleston
Receipts at Beaufort
15,971
1,677—17,648
Deduct—
Receipts from Florida, Ac.
Tot. Sea Island crop
2,252
of S.C.
7,006
15,715
10,642
Texas.
Louisiana—
Receipts at Galveston
New Orleans—
From Texas. July 10 June30 July 7 Aug.
Miss. Val. Aug.lO July 31 July 31 Aug.
8 July 30 July 11 July 10
8 July 31 Aug.20 Aug. 13
Aug. 9 Aug. 8 Aug. 7 Aug. 13 Aug. 3 Aug. 7 Aug. 7
Shreveport
Mississipp i—
Vicksburg.... Aug. 14 Aug. 9 Aug.18 Aug.l 4 Aug. 2 Aug.23 Aug. 15
Columbus
Aug. 24 Aug. 20 Aug.27 Aug. 21 Aug. 12 Aug. 20 Aug. 15
Aug.l 4
29
19
Total Sea Island crop
the United States
36,924
38,552
of
*
The actual receipts at Galveston were 94 bags of 111 lbs. each, which,
reduced to the average weights of Sea Island, makes only 29 bales.
has been
1
Ports
i
of—
Stock
Sept-1,
fAng. 8
Texas—
Galveston
Fr’mBr’wnsv. July 13 Mne 30
July 12
First other.... Aug. 1 July 17 July 2j July 12 July 11 July 9 July 16
Galv. I Lavaca DeWitt 1
DeWitt, De Wit jDeWitt DeWitt
Where from
j
Supply year ending
Sept. 1,1883.
Kentucky—
..
j
1882.
r
i
Sunni'j
Where from
1
........
1
£
i
C
Hall jib
*
Passed
Auir.l 6 Aug.l 7 An?.
i
2' Ai g
through New Orleans at this date.
•
July 9 July 5 July 8
| Do,Witt DeWitt: DeWitt
i Countv County!Countv
l^1 Ann-. 0 A”". 4 Aug.
t From Georgia.
S. Carolina.
64
Georgia
66
Florida
Texas
New York
Boston
Baltimore
FliilUdel.&e
..
....
..
.
forT)is-\
15,715: 15,779;
3,192 i
3,126
9
15,770!
18,054 18,054;
3,177!
18,0541
29 i
29!
;
j;
i
29|
!
!
r
*
....
15
|
i
|
....
130
Ex¬
Havre
ports.
1
.
Total...■
j Great
Bril'n.
Supply]\ScPt.l<
1S^3 trib’l'n.!
Crop.
....
6
Forgn
'
! StocJ:’ ' Lcav'0
Total
Net
j
..
County County County! County County-County County
!
........
follows.
JTow
I Of which
Distributed, j Exported to—j
.
Houston
as
Sept. 4 Aug.22
Sept. 4 Aug.l 8 Aug. 14 Aug.l 9 Aug. 8 Aug. 17 Aug. 31
Sept. 1 Aug. 12 Aug. 30 Aug. 19 Aug. 0 Sept. 2 Aug.23
Memphis
19
of Tex.
The distribution of the crop
A rJeansas—
Little Rock....
Tennessee—
Nashville
Tot. S. Island crop
*29
....
36,924'37,054
i
|
5,053
583
112
427
30
....
5,480
613
112
9,820 1,395 11,215
5,997
40
6,037
....
24 37,030 21,565! 1,892 23,457
256
THE CHRONICLE,
From the foregoing we see that the total growth of Sea
Island this year is 36,924 bales; and with the stock at the
beginning of the year (130 bales),
total.supply and distribution.
This year’s crop
Stock Sept. 1, 1&82
we
Below
we give a detailed statement of the
year’s exports from
port, showing the direction which these shipments have
taken. Similar statements will be found in all our previous
crop reviews, and a comparison as to the extent of the total
movement to each port can therefore be made with back
years.
each
hare the following as the
J
,
bales.
30,924
130
Total year’s supply
Distributed as follows :
bales.
Exported to ft -reimi parts
bales.
I
Leaving for consumption in Uaited States
bales.
Mobile, j
Liverpool
13,573
Cork, Fillin’th. cScc.
Glasgow..
1 lav re...
*
T
127,737
Hamburg.
87
Flori¬
da.
Geor¬
gia„
1832-83
1881-82
1880-81
1879-80
1878-79
1877-78
1876-77
1875-76
1874-75
1873-74
1872-73
1871-72
1870-71
1869-70
1868-09
1867-68
1866-67
1865-00
„
.
South
Caro¬
lina.
3,126
0,049
is,410
3.179
13,31h
13,7; 6
14,739
3,420
2,052
3,608
1,669
1,213
1,408
1,269
1.567
4,9 14
9,225
0.371
10,402
i
29
10,042
14.845
9,900
19
0,290
11,212 10,015
2,428 10,957
»
26,704
2j
SO
4,911
29
4,750
77|
22,903
24,825
17,s23
14,994
7.400
'
jy The column of
the United States.
.
.
.
20
.
41
10,456! 2,212
15,38.8!
19,707
1.851
152
30,314
ls,O*0|
392
17.02 <
8,759
9201 19,912
13,156 1,100: 26.289
899; 16,845
8,755
7.218
704! 21,609
7,334
20,507
5.008
....1 18,082
1
4 577
21,275
11,001
32,228
10.986
22,847 i
14,991
19.K44
19,015
5,630j ....j
American
22,770!
3.701
1,369
1,345
1,907
1,887
022
" 593
Cl
1.040
145
Receipts.
Augusta, Gii....
Columbus, (Li..
Macon, Ga
45,414
8,869
178,716
3,726
162,77l!
112,254
103.460!
135,017
1 OS, 117
111>,370 2,204
5(»,570i 2,5.82
133,61.5 1,674
107,076 1,504
Selma, Ala
Memphis, Trim.
Nashville, Teim.
Dallas, Texiis...
51 0.7*5)
503.043
•15.40S
48,157
.Teller.*on, Texas
Shreveport, La.
Vicksburg, Miss
Columbus, Miss.
Eulaula, Al;i.
Gridin, Ga
Atlanta, Ga.'
Rome, Ga
Chariotte, N. C.
St. Louis, Mo...
Cincinnati, O.
‘2 1,760
10 7,5-3
30. 132
■15,335
2 1,514
..
SO 5
47.020
255
2>
3,650
151
11
o7s
n -
24,486
130,336
1 11,73*.
S3,-57 S
55.1 77
.>.>
3,3 12
83.387
101
1 00
55,070
461,054
382,630
•103,311
383.131
.
45,2*2!
101.001
1 17.021
30,361
4 1,980
1 17,085
97,044
8.4 81
8
4.588
51 1
50,68 7'
08,156
74,007!
50,370
73,510
330.210
24,73
164,01 0;
103,838
50.867
62,002
670
25,017
26,7 66
11,581
6 1,837
137.145
28,300
1 1,678
18
3
1
66,3 10
4*.753
31,677
126,210
82,050
33,705
38 8,200
308,053
*,347
31,407
126,080
82,050
33.718
382,306
305, 153
23,650
21
3 co
1.122
23,613
52,631
25,250
28.612
4,310
53,600
3*0
38.248
1 ,012
25,771
32.827
15.703
61,100
Louisville, Kv..
Little Rock, Ark
Brcnham, lex..
52,050
26,12 1
32.820
5-1.076
37,65 1
Houston, Texas
714,073
712,300
7,201
413,806
Tob,
041,365
031,473 14,385
606,185
new towns
-
1,150
53
2,331
10
8,002
15,878
r>
872
2 1 s
102
24.225
31.41 1
26.002
32,387
410,803
1,1536'
4,618
600,217
7,403
Exports.
In the first table given in this report will be found the foreign
exports the past year from each port to Great Britain, France
and other ports, stated separately, as well as the totals to all
the ports.
In the following we give the total foreign exports
for six years for comparison.
YI5 MIS.
Exports (bales) lo Foreign Ports for Year Ending Aug. 31.
1878.
187!).
j
1880.
;
1881.
1882.
N. Orl’ns. 1,47)3.004 3,213.744 1 ,44 1.041 1,635,615 1,178,612
Mobile...
11 1.687 j
164,003
116.263
123,2141
40,366
So. Car...
305,874
479.748
379,266
344,774
316,790
Georgia..
354,086
461,904'
Texas....
Florida..
No. Car..
Virginia.
New York
Boston...
Phi lad el.
Baltim’re
225,1 74
5,277
54,677
150.357
401,050
127.874
25,144
353,817!
1 7,035!
68,011|
58,367
05,203-
0,176
•186
j
I
1271
215!
l
i
P’tlnd.Me
San Fran.
507,943
424,092
301,874
488,758
63,833
328,818
600.351
134.62*
74,142
331,817
644.588
257,065!
670,826
133,102;
26,380
41.7)93
122,073
526,372
862
777,528
186,592
104,480
157,911
158,988
90,911
155,, 52
248,128
1,567
590
1,062
Tot. from
i
i
U. Stiites. 3,346,640 3,167,565 3.865,621 4,59G,279 3,595,031 !4,745,709
1,594
1,200
30
9,737
34
198
1.331
31
19-
1,006
4,254
48,107
1,131
82o
1,700
980
10,374
2,850
70,759
6,494
5,810
4.901
999
4,898
100
*'
9 99
4,398
’
*
i’oo
*3,452
13,725
3,452
41,580
27,855
1,63;
1.882
201
372.973!41H,99S!7:7,52s'243,128,752.473:4745.709
Exports from Charleston include from Port Royal ta Liverpool, 323 bales’
following shipments.
From VVilmintrton, 43,372 bales to Liverpool. 4.800 to Queenstown or Fal¬
mouth, 2,1 10 to Bremen, 950 to Cronstadt and 1,506 to Genoa.
From Norfolk, 343,544 bales to Liverpool, 11,972 to Keval, 2,382 to Riga,
9,737 to Barcelona and 4,894 to Genoa.
From West Point, 29,1*4 bales to Liverpool,
From Boston, 180,015 bales to Liverpool, 3 to Lon.’on, 1 to Glasgow, 342 to
Antwerp and 201 to other foreign ports.
From Philadelphia, 101,232 bales to Liverpool and 8.218 to Antwerp.
From Sail Francisco, 921 bales to Liverpool and 13* to Antwerp.
From Florida, 762 bales to Liverpool and 100 bales tj Gouoi.
From Brunswick, G.u, 2 bales to Liverpool'.
THE DEBT STATEMENT FOR AUGUST 1SS 3.
The following is the official statement of the public debt; as it
appears from the books and Treasurer’s returns at the close of
business on the last day of August, 1883 ;
INTEREST-BEARING
DCBT
A m <> u nt
Character \
of Issue,
j
Authorj izing Act.
j
|
I
•
When
Pagable.
*r*
!
gs;
j
lSSH.i’TO and ’71 iMay 1, ’81 Q.-F.i
lSSS.Jju'y 12,’$2| At option, Q.-A.i
of 1 801 ’70 and ’71 Sept. 1, ’01 Q.-M !
5s of
3s of
4L2s
Ou 1st a tiding.
Registered.
.
’71, July 1,1007 Q.-J.i
.
Coupon.
$21.404,550
$■
305,529,600!
102.365,950
570,013,750!
158,596,800
57,634,050
1* 1,098.313,250| $216,230,850
4s, ref. etfs. Fell. 26,’79!*-
$334,350
14,000,000
3s,navyp.fd July 23,’661.
Aggregate of interest-hearing debt
$1,328,878,050
*
Continued at
per cent.
On the foregoing issues there is a total of
$2,047,262 interest
over-due and not yet called for. The total current accrued interest to
date is $8,628,383.
DEBT ON WHICH INTEREST HAS CEASED SINCE MATURITY.
There is
a total of over-due debt yet outstanding, which has never
presented for payment, of $6,583,165 principal and $353,347
interest. Of this interest, $205,018 is on the principal of called bonds,
which principalis as follows: 5-20s,of 1862, $358,600; do 1864,
$50,400; do 1865, $61,150 ; consols of >865, $331,750; do 1867,
$711,050; do 1868, $111,550; 10-10s of 1864, $24 >,100; funded loan
of 1881, $371,550; 3’s certs., $5,000; 6s of 1861, continued at 3^ per
cent, $719,350; 6s of 1863, continued at 3ki per cent, $413,650; 5s
of 1881, continued at 3X2, $2,021,250.
been
51
45,290
372,973
57, / 62
401,713
725
69,810
370,84 7
124,470
1,603,947
419,000
596
203,530
1883.
338,625
263,447
4.706
35,783
52,190
..
12
The shipments in this statement include amounts taken from
these interior towns for home consumption and amounts burnt.
From—
1,336
1,010
180,009
2,400
8,869
1,230
2,340
44
11
FOREIGN I’ORTS FOR SIX
12,709
3,(549
1,200
1,190
3,626.700 3,501,038 40,150 2,860,7 18 2,808.658 10,485
TOTAL EXTORTS OF COTTON TO
1,010
75,034
1,400
4s of 1907.. ’70 and
Total, all
1,593
1,049
1,360
J ,200
1.441
and to Bremen, 2,990 bales,
t “Other Ports” include the
223
7
0 LO
60,32*
26, *33
3‘ >,4 7*5
5,077
< t
1,643
Total....'.1003,947 45,2301528.372
157
0 )
1 37, / 76
2 *,725
2,000
....
Other for¬
163
1,635
2 905
de
...
272
315,780
Total, old towns 2,685,311 2,6.50,567> 34,771 2,263,533 2.280,4
Newberrv, S. C
Raleigh, N. C...
Petersburg, A';i.
876
410
1,070
41,287
2.400
...
*
10,513
1,830
.Malaga....
Corunna..
Pasages
Naples
Trieste
Odessa-....
Venice
Vera Cruz
.
44,141
3,728
11,972, 246,831
950
41,438
,.l
2,382,
4,132
59,498
3,600
8*4*90 21,760
Bergen....
Bilbao
!
:
1,441
1,643
Barcelona
Santander
.
Stock.
2,903 i
1,800
510,420
40,484
2,140
1,593
..
Shipni'ts.
Receipts
4.761
......
11,120
2,289
oporto...
Genoa.....
Salerno.
1882.
12 980
14,112
....
burnt in
ending Sept. 1
1*1.566
r> 8,0*2
M’tgomery, Alii
Slot 7.\
Shipni'ts.
Year
-
3,000
eign p’rts
ending Sept. 1, 1883.
1,350
3,070
26,039
2,905
|
36.780; 61.101!
2,850 12,275;
......
burg
Norrkop’g
Below we give the total receipts and shipments of cotton at
the interior ports and the stock on the first of September of
each year.
Year
!
60,381;
Stettin...
Gotten-
Movement of Cotton at the Interior Ports.
Towns.
100
2,000
..
Consumption” in this table includes
427
433,556
58,241
1 40,397
22,479, 19,032
57,247.109,992
o,'
Palma
27,334
4,823
4,751
!
94,632
29,248
Carls -’.un
Malmo....
Gidle
Udd’rv lie
Total.
1
39,085
een
....
4,c00|
426
'
3.550
123,998
11.246
1,750
...,
■
4,021 438.01s 31S.440 29,982 348,122 90,974
I
1,280
Han.o
8t. Peter-b rg
Co peiilia-
24
23.457 13,573
130
24,75(5 14,762
24.395 11.270 1,090
17,023! 9,389 319
'27
12.098 10,366
127
10,295 9,451
13.234 4.008 1,048
12,930 1,915 527
15,040 2,192 382
593
18,873 2.113
23,409 1,523 1 .(5(57
15,584 1,526 310
(535
19,905 1 ,(572
24,716 1.399 (503
211
17,239 1,388
156
19,859 1,(571)
410
30,700 1,597
18,231 1,100 485
22,3031 2,453
20,2591 4,130
13,729 ! 3,294
12,594
11,805
11.5911
13,1391
Riga
more.
3,180
6,081
2,849
8,450
Sebastop'l
21,5051 1,892
30,924
38,552
81 30,442
7,133
6,448
77,408! 153,s54
203,275
j
Ghe >tKeval
Cronstadt
s
£5
Great \ Conti- Total !
Brit’n.. nent. exports ;
Total.
i
15,715
1,110
10,704
5,624
8,753
9,948
0,703
as.
1
)
Tex- i
..
18,054
21,842
11,214
8,950
8,313
8,825
1
™
| York.
1.700
Antwerp..
Season.
nah.
j leston.
9,3501 39,328 21,225! 25,658
1,201
Amst’d’m
Kot’rdam.
A
CO
|
13,267
Rouen
Hun kirk &
Marseil's
Bremen...
ton.
+
|
Other
Ports. 1
Balti¬
81.810 315,374 127,397 110.312 557,593 180,021 710,065 2888,46s
:
15,326
i
15,326
3;
3
29*4,6*87
....
-
Foreign Exports.
852,366
Hull
London...
We thus reach the conclusion that our spinners have taken of
Sea Island cotton this year 13,573 bales, or 1,189 bales less
than in the previous year. The following useful table shows
the crops and movement of Sea Islands since the war.
Crop.
I
IGalvcs-, Chur- Samn-i Xew
37,054
23,457
24—23,481
Stock end of year
[Vol, XXXVII.
DEBT BEARING NO INTEREST.
g’
Character of
Authorizing Act.
Issue.
Old demand notes....
Legal-tender notes
Certificates of deposit
Gold certificates
Silver certificates
Fractional currency
Less amt. est’d lost
?
or
Amount.
July 17, ’61; Feb. 12, ’62
Feb. 25, ’62; July 11, 62 ; Mar. 3,’63
June 8, ’72
March 3, ’63;
July 12, ’82
February 28, ’78
July 17, ’62; Mar. 3, )
■v
’63;
Juno 30. ’64 5
destr’yed, act J’e 21,’70
Aggregate of debt hearing no interest.
Unclaimed Pacific Railroad interest
,n
$58,875
346,681,016
12,145,000
82,992,740
92,651,981
rtu tqa
S,375,934
6,997,796
$541,527,408
4,229
THE CHRONICLE.
1883.J
September S,
RECAPITULATION.
ptoiictariji©ommcrctaXgugltsTr^lcuia
.
Amount
Outstanding.
Inlerest-bearing
ebt—
cent, continued at 3 4i.
Interest.
$21,404,550
-
250,000,000
EXCHANGE AT LONDON-Ang. 25
737,610,550
305,520.000
334,850
14,000,000
Navy pension fund
On—
Total interest-bearing debt
$1,328,STS,050
Dibton which int.hasceas'd since mal'ritg
0,583,165
Debt bearing no interest—
Old demand and legal-tender notes
Certificates of deposit
Gold and silver certificates
Fractional currency—r
Total
Total debt, principal and
Total cash in Treasury
353,347
i
interest, to date
$11,033,227
$1,888,022,751
351,503,9 80
i$l ,530,518,765
! 1,513,190,616
$0,071,851
Current Liabilities—
Paris
Paris
Genoa
Madrid
lAug. 25 Short.
Aug. 25
ii
•
<<
ii
1
jAug. 25
234i®23q
ii
1*
.
Checks 25-32 4a® 25*37 4 iAug. 25 Checks
3 mos. 25-52 42©25-574j Aug. 25 3 mos.
2 >-5S*i®25 63*4 iAug. 25
ii
it
....
GO
d’ye
it
Calcutta
Aug.
Aug.
Ang.
iAug.
Aug.
....
New York...
....
4643® 46*4
iAug. 25
51C-16©51K!16 ' Aug. 25
ii
Lisbon
Alexandria..
..
Hong Koug,.
Shanghai....
Is. 7*8(1.
Is. 7*8(1.
....
....
JRate.
!
22
25
25
25
25
Aug. 25
20-51
20-51.
20 51
11-98
25-35
234}
25-33
2534
25-25
ii
Ii
ii
Short.
tel.trsf.
tel.trsf.
4 mos.
ii
53i
in
ct 4?
965g
4-82
Is. 74j<1.
Ik. 717;{o(L
3s. 8*8(1.
5s. 0*8d.
i
deposit.
12,145.000
154,730.490
$351,503,986
Character of
A mount
Issue.
outstanding.
PACIFIC RAILWAY COMPANIES.
Interest,
Interest
1
1 From
our own
paid
bg IT. S.
$25,885,120
$23,152,555
0.303.000
27,230,512
1.600,000
1,970,500
1,028,320
0,129,333
24.957,850
1,549,808
1,008,248
1,404,297
$04,023,512
$59,222,093
2,973,032
158,9 87
9,307
121,395
1
$17,009,223
UNITED STATES TREASURY STATEMENT.
The
following statement, from the'office of the Treasurer,
issued this week.
It is based upon the actual returns
from Assistant Treasurers, depositaries aud
superintendents in
mints and assay offices :
was
Currency and minor-coin redemption account
Fractional silver-coin redemption account
Interest account, Pacific Railroads and L.A P. Canal Co
Treasurer U.S., agent for paying interest on D. C. bonds
Treasurer’s transfer cheeks anil drafts outstanding
Treasurer’s general account—
Interest due and unpaid
$2,047,262 18
Matured bonds and interest
551.384 40
Crflled bonds and interest
5,005,448 10
Old debt
779,079 80
Gold certificates
82,992,740 00
Silver certificates
92,051,981 00
Certificates of deposit
12,145,000 00
Balance, including bullion fund
155,425,200 93
Total Treasurer’s general account
Less unavailable funds
$0,870,569 12
33,209,590 54
35,129,138 00
323,253 34
14,006,436 54
210,701
7,122
06,304
4,110
00
OO
00
00
48,617 35
13,272,140 80
094,710 31
ASSETS, AUGUST 31, 1883.
Gold coin
Gold bullion.
Standard silver dollars
Fractional silver coin
Silver bullion
Gold certificates
>.
Silver certificates
United States notes
National bank notes
National bank gold notes
Fractional currency
Deposits held by national bank depositaries
Minor coin:
New York and San Francisco
exchange
One ana two-vear notes, Ac
1
Redeemed certificates of deposit, June 8, 1872
Quarterly interest checks and coin coupons paid
United States bonds and interest
Interest on District of Columbia bonds
Speaker’s certificates
Pacific Railroad interest paid...
well
as
during the past week, has been of the
in commercial circles,
most limited character
and but little business has been in progress jn
any department/
Parliament has been prorogued to-day, so that London will
soon be
comparatively deserted. The weather is so
people
are
by
no
means
fine
enjoy the country, and
slow to take advantage of such
an
opportunity.
time the course that France has been pursuing
of late does not
tend to promote confidence.
The increased production of food
in this country, and the
improved position of the
agricultural
classes, which is the result, will undoubtedly extend our home
trade, and this is one encouraging feature which is calculated
to lead to beneficial results.
A large importation of wheat and
flour—about 15,000,000 quarters—will be necessary ; but the
great producing countries are already liberal sellers, and we
shall certainly obtain all that we
require, at very reasonabl e
prices.
’
The money market has relapsed into a condition of consider¬
able inactivity, and in the discount market the best three
months’ bills have
351,503,930 22
$454,754,323 57
$144,290,307 17
59,870,078 10
114,320,197 00
27,819,711 70
4,094,559 45
28,445,200 00
17,276,920 00
37,791,765 88
6,019,602 40
8,448 02
13,369,867 02
519,693 80
477 40
90,000 00
87,644 29
1,812 78
134,393 50
960 00
$454,754,328 57
been
taken in several
instances under 3%
The position of the Bank has further improved,
especially in the matter of bullion. There being scarcely any'
export demand most of the supplies received from abroad have
per
cent.
been sent into the Bank of
England, and there has also been,
notwithstanding the harvest requirements, a considerable
return of coin from provincial circulation.
The total supply of
bullion is
£23,480,550, against £21,814,050 last year. The
having diminished to the extent of £348,465, the total reserve has been increased materially, viz.: to the
extent of £591,717. making the total
£13,413,475, against
£11,098,120 in 1882'. The demand for money at the Bank
appears to have been more active, there being an increase of
£607,332 in other securities. Au improving money market
should, after the recent great contraction of business, be an
encouraging sign. The demand for accommodation, both for
commercial and financial purposes, has of late been reduced to
such moderate proportions that an improvement could not fail
to take place in case a better condition of things is
being
brought about. The intelligence from the'United States is
more satisfactory, and there lias,
during the last few days,
been an improved market for American Railroad bonds and
more disposition is
being shown to operate. -\Business, after the
holiday season and after the lapse of a few weeks, is expected
to improve, and a steady legitimate trade is looked forward to.
The proportion of reserve to liabilities at the Bank is about the
same, viz.: 46 70 per cent, against 46 54 per cent last week and
38% per cent last year.
The following are the quotations for money and the interest
allowed by the discount houses to-day and same day of the
previous five weeks:
now
circulation of notes
$352,198,090 53
•
as
Harvest work has been making rapid progress,
$16,211,282 and the crops are being secured in excellent condition, and
3,150,300
15,804,410 were there no political disturbances, business should improve
1,383,393 to an
important extent. The coolness existing between France
1,058,88 1
and Germany is not, however, a matter of very serious concern
1,342,901
to this country, and no one apprehends war ; but at the same
$41,557,670
The Pacific Railroad bonds are all issued under the acts of
July 1,
1862, and July 2. 1801; they are registered bonds in the denominations
of $1,000, $5,000 and $10,000; bear 0 per cent interest in
currency,
payable January 1 and July 1, and mature 30 years from their date.
LIABILITIES, AUGUST 31, 1883.
P» st-office Department account
D sbarsing officers balances
Fund for redemption of notes of national banks
“failed,”
“in liquidation,” and “reducing circulation”
Undistributed assets of failed national banks
.J
Five per cent fund for redemption of nat’l bank notes.
Fund for redemption of national bank gold notes
city,
very
interest paid
repaid bg
transportal’n
by U. a.
9,153,439
The attendance in the
that it offers additional inducement to
Balance of
$4,593,000
correspondent.]
London, Saturday, Aug. 25, 1SS3.
353,347
175,044,721
INTEREST PAYABLE BY TIIE UNITED STATES.
St.Peterpb’rg
ii
Time.
Date.
'Aug. 25 Short.
12-1242^12-15
0,583,105
$351,503,980
BONDS ISSUED TO THE
Total
|
Interest.
Total
Available Assets—
Cash in the Treasury...
,
ii
EXCHANGE ON LONDON.
Aug. 25
Aug.' 25
25-5742^25-0242 iAug. 25
ii
Antwerp
$2,047,202
Gold and silver certificates
U. S. notes held for redemption of certificates of
Cash balance available Sept. 1, 1883
..
Rate.
$14,572,44“
Interest due and unpaid
Debt on which interest has ceased
Interest thereon
..
Hamburg...
Bombay
|
; Latest
3 mos. 12543 ® 12,5f>s
Short. 12 21*4 S12*3*4
3 mos. 200s
Tv 20-72
G
2009
Tv 20-73
ii
2009 '©20-73
.
.
Vienna
Decrease of debt during the past month
Decrease of debt since- June 30, 1883
Central Pacific
Kansas Pacific
Union Pacific
Central Hr. U. P..
Western Pacific..
Sioux City A Pac.
Amsterdam
Amsterdam
Frankfort...
4.229
'.'$1,870,989,523
Time.
Berlin
$541,527,405
Debt, less cash in Treasury, Sept. 1, 1883
Debt, less cash in Treasuiy, Aug. 1, 1383
*
$10,67 5,650
340.730, SOI
12,145,000
175,014,721
6,907,706
j
!
Total debt bearing no interest...
Unclaimed Pacific Railroad interest
-
RATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.,
a
Bonds at 5 per
Bonds at 44j per cent
Bonds at 1 per cent.
Bonds ar 3 per cent
Refunding cert ideates—
257
;
THE CHRONICLE.
258
Interest Alloiucd
Open Market Bates.
for Deposits by
[VoL. XXXVII.
to
accept the lower prices which millers have offered. A
quantity of new wheat has been sent to market, and
both quality and condition are very satisfactory. The prices
realized have been low. At the commencement of the week,
white English, weighing 153 to 65 lb. per bushel, was quoted at
44s. to 49s., and red at 41s. to 46s. per quarter.
Yesterday an
excellent sample of red wheat, weighing 65 lbs. per bushel, was
disposed of at 43s. 6d. per quarter.
The following are the quantities of wheat, flour and Indian
corn
estimated to be alloat to the United Kingdom, Baltic
supplies excepted :
moderate
London
1
|
Bank Bills.
1
Ihrce
s
I
Four
Trade Bills.
1
j Three
Six
j
Stock
1
Four
Disc’t ITses
Joint
Six
Bd ii/ltS
4
3?*@4 \3H®1
3£f@3%3^@4
4
3>8@3« 3M@3^ 4 ©
4
3&@3%3%'Zi j4 @4^4
3340—3&@3&T4 @4J4 4
4
4
3
3
3
3
4
@4*.f4%@4%
3
3
@4% 4 @4*4;4%©4*4
3
3
3
3
3
3
3^@4*k
@1%%
@4%
-!3%@4 i37a«i4<4 4 @4% 4%@4%
4
Days.
®vAA\mn.i
J4 @4>£4 @414
—
7 to 14
4
4 @4*4
3%@4
At
Call.
•
Months Months Months Months Months Months
3*4-3bi
334-3*4
34-334
334-334
334-3*4
3*4-334
a statement'showing the present
position of
England; the Bank rate of discount, the price of
consols, the average quotation for English wheat, the price of
middling upland cotton, of No. 40 mule twist, fair second quality,
and the Bankers’ Clearing House return, compared with the
three previous years:
Annexed is
the Bank of
Circulation
Public deposits
Other deposits
Governm’t securities
Other securities
Res’ve of notes «&coiu
Coin and .bullion in
both departments..
Proport’n of reserve
to liabilities
Bank rate
Consols
6,97ot019
24,875,930
12,751.60 2
22,398,341
14,663,619
21,389,123
16,358.886
16,838.111
11,093,120
12,925,047
16,857,262
26,465;930
22,781,440
24,137,631
11,082,631
21,329,457
13,113,475
4,350,23V
3,ISO,550
21,814,050
46 70
4 p.e.
10 O
SB's
4 p. c.
96 *3
43s. lod.
50s. 6d.
7J»d.
5i%ftd.
No. 40 Mule twist...
9*8d.
Clear’g-house return. 103,152.000
*
26.870.295
26,577.005
5,305,869
25,461,236
25,817.073
5,751,010
Eng. wheat, av. price
Mia. Upland cotton..
£
£
£
£
1880.
1881.
1882.
1883.
23,687,552
23,752,052
41*8
52io
4 p. c.
2i2 p. e
97%
.
99*8
43s. 9(1.
48v_10d.
7;5ir>d.
6151 (»ct.
1113 d.
10
led.
1,597,00.0
10%<1.
101,417,000
79,111,000
The Bank rate of discount and open market rates at the
chief Continental cities now and for the previous three weeks
have been
as
Bates
Bank
Open
Bank
Open
Bank
Open
7in ilk
Open
Bate.
Market
Bate.
Ma rket
Bate.
Market
Bate.
Market
3
4
Berlin
2J4
Frankfort
3} A
Hamburg
Brussels
234
334
334
Madrid
5
Amsterdam....
Vienna
St.
3
3
Paris
j
4
3
—
2>A
—
3%
334
S3!
334
5
5
5
0
«
0
In reference to the state of the
& Abell write
as
—
314
334
4
Petersburg.J
—
3
2H
234
2U
4
—
234
334
33h
334
336
4
434
334
4
336
434
3%'
0
(5
6
0
bullion market, Messrs. Pixley
Vaedyck ” brought £20,< 00. and about £55,000 lias arrived from
New York. The shipments comprise £102,400 to Bombay yesterday,
per “ Roliilla.”
Mexican Hollars.—We have no arrivals of importance to report. The
quotation this day is 49 5-10d. per oz.
The quotations for bullion are reported as
Price of Gold.
Aug. 23
8.
77
d:
9
A ug.
*.
77
below
Price of Silver.
1'
10.
Aug. 23.
Aug. 10.
d.
9
contain
ing 5 grs. gold.oz.
Petersburg again report considerable ship¬
They were last wreek 37,914 tchetwerts to
London, 9,5S7 to direct United Kingdom ports, 33,764 tchet¬
werts to ports for orders and 74,5S2 tchetwerls to the Conti¬
nent. The shipments of oats were 109,242 tchetwerts to Lon¬
don, 3,S35 to direct United Kingdom ports and 77,414 tchet¬
werts to the Continent.
Advices from
Saale district has been
weeks of the
d.
IMPORTS.
Wheat.......
Barley
Oats
Peas
Beans
Indian
Flour
coni.
13,094,834
11,714,513
51
Cake silver.....oz
54*4
73
10*4 I
9*4,
834 I
Mexican dols...oz
49 5 10
49 3-10
70
3»<>
Chilian dollars..oz.
1034
77
Span, doubloons.oz.
73
9
73
S.Am.doubloone.oz,
33
8*4
3*4
j
1880-1.
1879-80.
50,954,251
10,525,472
10,889,930
2,301.920
2,393.500
58.943,397
12.203.107
14.998,611
2,166,971
2.002,611
269,697
2,722,069
23,167,311 37,586,584 31,031,235
10,049,825 12,090,636 10,192,915
CONSUMPTION—51 WEEKS.
1881-2.
1880-1.
1879-80.
59.224,859
10,019,825
56,951,251
12,690.666
58,913,397
10,192,915
31,937.350 27,933,100
23,2L7,900
1882-3.
fraports of wheat.cwt.66.068.469
Imports of Hour
.16,246,372
8ales of liome-grown
produce
....44,243.700
Total
126,558,541 101,262,031 107,032,987 92,354,212
Av’gc price of English
43s. 8d.
46s. Od.
17,500,000
14,200,000
47s. Od.
wheat for season, qrs. 41s. 10d.,
Visible supply of wheat
in thelT. 8.... bush.20,400,000
13,500,000
Supply of wheat and
'•
flour afloat to U. K.
1,654,000
2.282,000
home-grown wheat, barley and
oats in the 150 principal markets of England and Wales,
during the 51 weeks of the season, together with the average
prices realized, is shown in the following statement:
SALES.
Wheat
2,552,517
T... 1,943,483
qrs.
Barley
1891-2.
1880-1.
1879-80.
1,8 45,424
1,614,698
1,637,192
1,181,095
1,341,413
1,381,565
154,520
171,038
221,869
236,713
Oats
AVERAGE PRICES FOR TIIE SEASON
(per qr.).
;
1882-3.
1
s.
public sales of colonial wool were commenced on Tues¬
day. The attendance has been satisfactory as far as this
country is concerned ; but from France only a few buyers have
as yet presented themselves.
The result is that the sales are
far from animated, and that prices are }%d. to Id. per lb.
The
S
1881-2.
59.V24.859
...cwt.66,068.469
15,475,5 05
15,362,779
2.043,373
3,129,915
23,935,770
16,246,372
1882-3.
5')%
5134
77
70
season ;
1882-3.
Bar silver,
20 dwts. silver..oz.
per
wheat.
5034
Bar silver, flnc..oz
deficit of at least 25
Aivices from St.
ments of
1,733,000
The extent of the sales of
:
d.
a
the average.
qrs
] l-
Bar gold, contain g
U.8. gold coin...oz.
Ger. gold coin. ..oz.
on
6 UP •LIES AVAILABLE FOR
The “
oz.
cent
follows:
Gold.—With the exception of £32,000 per “ Chimborazo ” from New
Zealand, the arrivals of gold have come from the Continent; £165.000
have been sent in to the Bank of England, and the balance has been
taken for export; 74,000 sovereigns
arrived from Australia, per
“Nizam” and “Verona.” The P. and O. steamer “Rohilla” took
£31,300 to Bombay yesterday.
Silver.—Our last quotation was 5043*1. per oz. standard. The market
lias been somewhat tinner since, bars ex “ Vamlyek ” having realized
50 9-16d. on 20th inst. Our quotation this day is 50*8 l* per oz. standard.
Bar gold, fine
journal Bulletin cles Halles expects
334
5
143,000
484,000
The Journal OJJiciel publishes a return on the situation of
the crops in France, but the statement refers to a month ago,
and is not of any great value. The crops then promised well, but
the recent rains have done considerable damage, and the trade
2;4
—
161,000
175,000
one
of
Interest at
corn
3
August 2.
August 9.
August. 16.
Indian
1881.
1,703,000
115,000
332,000
157,OoO
229,000
Flour
1882.
2,165,000
2%
276
■
23.
Lest week.
1.588.000
present.
Germany state that the crops of barley in the
fairiy satisfactory, and is a great im¬
provement upon that of last year. The color will be varied,
mostly rather yellow, and pale lots will be scarce and fetch
extra prices.
The crop is, however, sound and useful, and
uninjured by wet.
The following return shows the extent of the imports of
cereal produce into the United Kingdom during the fifty.
follows•
it
August
At
Wheat.... ....qrs.l,557.000
weaker.
s.
41 10
32 5
21 8
Wheat
Bariev
Oats/.
1881-2.
d.
47 0
31 0
d.
21 10
1879-80
1S80-1.
s. d.
43 8
31 11
s.
0
24
d
46
34
(>
4
23
5
Converting wheat into cwts., the totals for the whole king¬
dom, according to the usual trade
1882-83.
Wheat
cwt. 44,243,700
estimate, are as follows :
1881-52.
1880-81.
1879-80,
31,987,350
27,938,100
23,217,900
English Market Report*—Per Cable.
All
The daily closing quotations for securities, &c., at London
descriptions of fish are still very cheap, and any rise of impor¬ and for breadstuffs and
provisions at Liverpool, are reported
tance in prices is doubtful. The Fish Trades' Gazette under¬
by cable as follows for the week ending Sept. 7:
stands that active measures are being taken for the formation
Thxirs.
Fri.
Wed.
Tues.
Mon.
Sat.
London.
of another lishing company, whose fleet of smacks will bring
fish to the newly-established London markets, as well as dis¬ Silver,
50*8
50*8
50*8
50*8
50*8
per oz
d. 505a
100
lOOis
100*8
100*,6 100
10018
tribute it throughout the country. The Guardians of the Poor Consois for money
1 00*8
100 38
100:%
1001*2
lOOLj
1004
Consols for account
79•7 5
79-82 S3
7960
79 90
79 00
have for some time past been giving those in their charge fish
Fr’ch rentes (in Paris) fr. 8000
115 *4
1 15*8
115%
L15%
115*18
11514
dinners once a week, and the workhouses are being supplied at U. 8. 41-28 of 1S91
122*8
122*8
122*8
122*8
122*8
122*8
U. 8. 4s of 1907
103
107
109%
108%
105%
106*4
the rate of two-pence per lb. The consumption of meat is, Chic. Mil. & St. Paul
32
31%
32*8
31%
901*2
311-1
Erie, common stock
134
therefore, being greatly economized, which is a very necessary rilinois Central
131
132%
132%
132%
13L*a
There has certainly been a
revolution in the fish trade.
economy.
II &
Bn
importations are producing much
wheat trade, and holders have been compelled
Fine weather and liberal
dulness in the
N. Y. Ontario & West’ll.
2Li2
Pennsylvania
Philadelphia «fc Reading.
59
Now York Central
2638
il 8*2
22
59*8
27%
119%
2 l
23*8
G0%
26 *8
22*8
59 43
“5*83
1 lO'-Q
119*8
121 %
78
59*8
2o78
21*4
591.3
11913
26*8
•
T
THE
1888.]
September 8,
*
Moti.
Sat.
Liverpool.
State)..100 lb.
Wheat, No. 1, wli.
“
Spring, No. 2, old “
Spring, No. 2, n.. “
Flour (ex.
8.
d.
12
O
>3
9
8
9
9
9
5
74
39
77
44
51
Winter, West., n
“
Cal., No. 1
“
Cal., No. 2
“
Corn, mix., new
“
Pork, West.mess..$ bbl.
Bacon, long clear, hew..
Beef, pr. mess, new,$tc.
Lard, prime West. $ cwt.
Cheese. Am. choice
s.
12
8
8
O
9
7
8
I
9
9
5
1
9
4*2 5
0
74
39
0
0
77
9
45
6
51
d.
0
8
O
7
I
5
1
4
0
0
0
0
6
Tues.
8.
12
8
9
8
9
9
9
5
74
40
77
44
52
d.
0
8
0
7
1
5
1
4
0
0
0
9
0
Thurs.
Wed.
8.
12
8
9
8
9
9
9
5
74
38
77
44
52
d.
0
8
0
i
8.
d.
8.
0
12
8
9
8
9
9
9
5
73
37
76
43
52
5
9
9
l
3!o
5
73
37
76
43
52
0
0
0
6
0
0
6
0
O
0
()lo
0
4
0
51-2
0
0
0
0
©tfuxmcvctal aucl BXtscelUuiecw s 31 eras
Bonds
held by
National Banks.—The
following interesting
statement, furnished by the Comptroller of the Currency, shows
the amount of each class of bonds held against national bank
circulation and to secure public moneys in national bank
depositories on Sept. 1. We gave the statement for Aug. 1
in,CHRONiCLE of Aug. 4, page'116, and by referring to that the
changes made during the month can be seen.
JJ. S. Bonds Held
Description of Bonds.
3s, Act July 12,1882.....
Curreucy 6s
5 per
*SUpt. 1, 18S3, to Secure—
rublicDeposils
Bank
in Banks.
Circulation.
$8,786 450
120,000
Total Held.
$201,611,250
3,463,000
4 per
3,533,000
365.703
$355,674,150
$372,865,150
105,000
30,000^'
Total....
$17,191,000
Coinage by United States Mints.—The following statement,
kindly furnished us by the Director of the Mint, shows t he
coinage executed at the Mints of the United States during the
month of Aug. and for the eight months of 18S3 :
Month
of Any.
liquidation Aug. 25, 1353.
City National Bank of Lawrenceburgh, Iud., went into voluntary
liquidation August 13, 1883.
Imports and Exports for tub Week.—The imports of lasfc
The
week,
compared with those of
the preceding week, show
dry goods and general merchandiser
The total imports were $8,131,822, against $8,702,323 the pre¬
ceding week and $10,802,374 two weeks previous. The exports
for the week ended Sept. 4 amounted to $7,172,696 against
$S,623.29S, last week and $8,374,433 two weeks previous. The
following are the imports at New York for the week ending
(for dry goods) Aug. 30 and for the week ending (for genenU
merchandise) Aug. 31; also totals since the beginning of first
decrease
a
Value.
both
week in January:
Eight months of 1833.
Pieces.
1880.
Dry goods
QonT mer’dise..
$2.719.297
$2,813,779
5,736,881
$2,942,567
7,120.830
$2,628,331
5,123,851
Total
Since Jan. 1.
$8,113,151
$8,550,060
$10,003 337
$8,131,822
$93,418,195
248,824,639
$80,908,568
225,150.163
1881.
"
Double
125,950
eagles
Eagles.....
Half eagles
40,700
Three dollars
’
Quarter eagles
’
Dollars
Total
203,500
Dry goods
$90,088,483
$70,802,535
246,020.405
210,222,5.33
Standard dollars....
Half dollars-
689,682
13.793.610
191,640
1.946,400
930,700
186,140
Total 35 weeks $337,308,888 $293,115,118 $342,242,831 $312,353,731
In
our report of the dry goods trade will be found the import®
dry goods for one week later.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending Sept. 4, and from January 1 to date:
of
^
EXPORTS FROM
NEW
Total silver
Five cents
Three cents
One cent
19,065,819
19,065,819
819
819
409
205
4,185,492
418,549
3,260,673
2,432,067
23,252,919
19,481,932
2,210,000
110.500
738,774
277,161
5,330,000
53,300
7,540,000
163.800
43,497,326
1,066,101
10,967,323
5.318.367
77,824.657
37.225,833
163
Changes in Legal Tenders and National Bank Notes to
Sept. 1.—The Comptroller of the Currency has furnished us the
following, showing the amounts of national bank notes out¬
standing Aug 1, together with the amounts outstanding Sept. 1,
and the increase or decrease during the month; also the
changes in legal tenders held for the redemption of bank notes
up to Sept. 1:
National Bank Notes—
Amount outstanding Aug. 1, 1883
Amount issued during Aug
Amount retired during Aug
Amount
$355,021,266
$1,318,770
2,503,494
outstanding Sept. 1,1883*
1,189,724
-
$353,834,542
Legal Tender Notes—
on deposit to redeem national bank
notes Aug. 1, 1883
Amount deposited during Aug
Amount reissued & b’nk notes retired in Aug.
Amount
Amount on
bank notes
*
$36,054,050
$2,413,400
2,494,194
deposit to redeem national
Sept. 1, 1883. :
Circulation of
—
80,794
$35,973,256
national gold banks, not included above, $754,679.
According to the above the amount of legal tenders on
deposit Sept. 1 with the Treasurer of the United States to redeem
national bank notes was $35,973,256. The portion of this deposit
made (1) by banks becoming insolvent, v2) by banks going into
voluntary liquidation, and (3) by banks reducing or retiring their
circulation, was as follows ou the lirst of each of the last five
months:
Deposits by—
June 1.
July 1.
Any. 1.
Sept. 1.
$
$
$
$
945,454
966,426
942,02 t
966,131
Liquid’t’g bks 15,692,130 15,743,519 15,335,347 14,799,959 14,150,375
Reduc’g und’r
act of 1874. 22,504,595 22,135,629 20,998,007 20,287,957 20,880,857
•
,
Insolvent bks
Total
at
EXPORTS AND IMPORTS OF SPECIE
$
887,346
39,034,071 38,374,602 37,299,780 36,054,Of 0 35,973,256
AT
NEW
Exports.
Week.
Great Britain
France
Germany
West Iuhies
Mexico
South America
All other countries
YORK.
Imports.
Bold.
Since Jan. 1.
$
$9,300
Week.
Since Jan. 1.
$1,963,46$
c
104,220
2,066,007
20.080
506,1G5
2,500.22$
190/-03
114,785
i *,5*9*0
152.62$
19.826
$6.881,685
*
2,000
78,80S
Total 1S83
Total 1882
Total 1881
$2,000
1,000
14,850
$331,168
$507,755
33,042,734
385,316
18,021
713.999
5,475,233
35,544,189
Silver.
Great Britain
France
$436,010
$9,377,654
22,145
432,319
German
$
9
1,035
1.508
246.230
316,157
123,434
2,672.537
12,773
3,791
4,716
112,939
$163,048
$9,869,816
$129,245
$3,356,909
253,720
8,800.338
169,012
106.000
7,303.225
123.105
1,863.668
2,043.057
...
43,276
West Indies
Mexico
8outh America
All other countries
4,863
'
Total 1883
Total 1882.
Total 1881...
7,538
above imports for the week in 1883, $164,050 were
gold coin and $4,182 American silver coin. Of the
exports during the same time $2,000 were American gold coin,
and $55,000 American silver coin.
Of the
American
Kansas City Lawrence &
and expenses* for July, and
Southern Kansas.—The earnings
for the seven months in 1882 and
18S3, have been as follows:
Juh/.
,
Miles of road
operate!
Gross earnings
Operating expenses
(exclusive of taxes)
Net earnings
May 1.
$7,172,698
283,829,810
The following table shows the exports and imports of specie
the port of New York for the week ending Sept. 1, and
since Jan. 1, 1383, and for the corresponding periods in 1882
and 18S1:
15,775,438
5,419
27,716,419
Total minor
$7.578.G11
218,272,092
3,810
2,340,000
92,007
$3,442,812
251,952,732
$8,001,103
266,901,323
1883.
i«82.
3,810
2,340,000
929,673
For the week...
Prev. reported..
1881.
Total 35 weeks $274,965,431, $260,395,5 11 $225 850,703 $241,002,508
16,674,800
Dimes
WEEK.
120
100
-1,074,382
4
YORK FOR THE
40
2,722,500
Quarter dollars
Total coinage
•$
166,6.30
gold
5,503,491
Value.
40
’
:
1883.
1882.
Geu’l mer’dise..
1830.
$
2.519,000
AT NEW YORK.
For Week.
Denomination.
l'icces.
in
41,79.3,700
112,219,559
4,415,500
395,700
6,937,550
cents
5s, ext. at 3L>
0s, ext. at 3Lj
3,035—The National B ink of Eldorado, Kansas. Capital, $50,0001
John Foutcli, President; F. P. Gillespie. Cashier.
3,036—The Corn Exchange National Rank of Chicago, Ills. Capital,
$1,000,000. Sidney A. Kenr. President; Orson Smith, Cashier.
3,037—The First National Bank ol’ Ellensburgb, Washington Territory.
Capital, $50,000. J. R. Lewis, President; A. W. Engle, Cashier.
3,033—The First rational Bank of Oswego, Kansas. Capital, $GO,OOOL
J. B. Montgomery. Vice-president; F. C. Wheeler. Cashier.
3,039—Tlie First National Bank of Shakspee, Minn.
Capital. $75,000.
Horace B. Strait, President, David L. How, Cashier.
3,010—The First National Bank of Mauasquan, N. J. Capital, $50,000L
Charles J. Parker. President; John Terliune, Cashier.
3,011—The First National Bank of Anniston, Ala. Capital, $100,00®.
Duncan T. Parker, President; Oliver A. Elston, Cashier.
The Indiana National Bank of Bedford, Iud., went into voluntary
$210,127,700
40,631,700
105,232,093
4,310,500
1,162,030
following national banks have lately
:
FOREIGN IMPORTS
cents
4kj per cents
been organized
d.
0
8
0
0
259
National Banks.—The
Fri.
12
8
9
8
9
8
0
7
1
5
1
4
’
CHRONICLE.
v
1883.
1882.
393
398
$157,722
$137,4-10
-—Jan. to July, 7 mos.—*
1883.
.
18s2.
398
$852,674
388
$603,126
71,616
54,S73
421,706
310,763
$66,106
$82,567
$130,968
$292,363
Auction Sales.—The
Stock Exchange, were
following, seldom or never sold at the
sold at auction this week by Messrs.
Adrian H. Muller & Son.
Shares.
20 Eagle Fire Ins. Co
210
20 Phenix Insurance Co. of
139
Brooklyn
3,000 Slireve Farm Oil Co.. .for $3
Shares
2 Edison Electric Light
Europe
Bonds.
Co. of
25
$1,590 Atlantic Mutual Ins.
Co. scrip of 1883
103^4
THE CHRONICLE.
"260
Exchange.—There was no change in the rates for sterling
exchange during the week. There has been a moderate sup¬
ply of commercial bills and some little increase in security
bills made against foreign purchases of railway stocks and
flankers' ©axettc.
i> I V 1 l> E N S> S .
Tbefollowing dividends have recently been announced :
Per
Cent.
Name of Company.
TF7ien
j
Payable |
bonds.
On the other hand, there have been some consider¬
able amounts of United States called bonds received from
Books Closed.
(Days inclusive.)
prof. (quar.).
2
1
134
1%
14
Iowa Falls & 8. City (quar.)
Missouri Pacific’ (quar.)
Union Pacific (quar.)
3
JTIiscellHiieous.
JBankers’ A Merchants’ Tel
G
_
NEW
Europe, against which remittances were required. The posted
on
Friday, the 7th, were 4 82JA and 4 86. Rates for
actual business were as follows, viz A: Sixty days, 4 81}/@
4 8U4 ; demand. 4 85(<74 85'4 ; cables, 4 86(g4 S6]A ; commer¬
cial bills, 4 80@4 80}/.
Quotations for foreign exchange are as follows, the prices
being the posted rates of leading bankers:
rates
ISnilroads.
Chic. & Northwest.,
YORK,
FRIDAY,
Sept. 27iSept. 9 to Sept. 2/3
Sept.
51
On deni.!
Oct,
1 'Sept. 21 to Oct.
1
Oct.
1 sept.
9 to Oct. 2
Sept. 15 Sept. 2 to —
Sept.
10 Sept.
SEPT.
1 to Sept. 10
7, 1SS3-5 P. M.
The Money Market and Financial Situation.—Still an¬
other week lias passed without any important failures resulting
from those of a month ago in Boston, and it is gratifying to
notice that the feeling of apprehension in this particular is to
some extent passing away.
Whatever unsoundness there was
in the general condition of that part of the mercantile com¬
munity, it is believed has come to light.
One general fact lias been developed, which partly ac¬
counts for the present withdrawal of capital from the market
for
discount of mercantile paper.
This is the change
in
the
lost
few
the methods of making
years in
mercantile paper, so that there is now plenty of single
but comparatively little double-name paper.
Formerly
dry goods commission jobber, for instance, in New York
used to receive the paper of the customers to whom lie sold
his goods and indorse it himself before getting it discounted.
Now he sells to these customers on open account, receives no
paper from them, and must get his own
single-name
paper discounted for his advances to the mills.
At the
time
same
the customer who
bought the goods of
on
him
open account gets his own single-name paper
discounted.
The facility with which bankers have fallen
into the changed method has probably encouraged many mer¬
chants to borrow money for expansions of their business, or
even for operations outside of it.
The fact is well known
among dealers in paper, as was indicated by the applications
of brokers from time to time* to merchants to let them
place
a few thousands of their paper/*
It is presumed, however,
that the recent experiences will put a check on these methods.
name
September 7.
Prime bankers’sterling
Prime commercial
was
remarked last week that there
were
indications of
a
feeling more favorable to investments in railway securities,
though at that time it was not sufficiently pronounced to make
any great difference in prices.
This disposition has since then
grown somewhat, and during the week caused a pretty
general advance in prices.
There is reason for be¬
lieving that the immediate upward movement was
inaugurated by experienced speculators in the Street,
and that in that aspect the advance in prices is to some
extent artificial; but it is also pretty certain that they did not
undertake the movement until they were convinced that there
was, and had been, for some weeks a moderate but steady
absorption of stocks by investors who are not of the specu¬
lative class that buys on margins. The volume of this kind
of buying would probably not of itself have caused as much
advance in several months as has been experienced in the last
week, but it demonstrated to the speculators that the general
public out of Wall Street were beginning to think good rail¬
way stocks were low enough to be a safe purchase.
There is as yet no adequate employment for surplus capital.
Money is still superabundant. An instance of this may Ik1
seen
in the fact that of the
$5,000,000 of bonds entitled to
redemption on September 5, under the 121st call, only a .little
over $1,000,000 was presented-for payment.
The explanation
is that the holders of the bonds—representing probably the
most conservative class of investors—see no satisfactory invest¬
ment for the money, and prefer to let it lie idle in the security
of a United States bond to having it on hand.
Call loans on stock collaterals during the week have ranged
only from 2. to 3 per cent, with the bulk of business at the
lower figure. The latest quotations for commercial discounts
have been, on first-class double names, 5}/ and 0 for 60 days
and 4 months, and for first-class single names. 6 and 6}/.
Time loans on collateral security have ranged from 41/ to 5
for sixty days and 4 months.
The domestic exchanges have been quite generally against
New York during the week, New York bills being at a discount
at most of the Western cities, indicating a flow of
capital to
that section of the country.
The following table shows the changes from the previous
week and a comparison with the two preceding years in the
averages of the New York Clearing House banks.
1883.
Sept.
1.
Differ’nces fr'm
previous iveek.
1882.
Sept.
2.
1881.
Sept.
3.
Sixty Days Demand.
bills on London
Paris (francs)
Amsterdam (guilders)
Frankfort or Bremen (reicliinarks)
4 824
4 81
4 8 04
4 86
5 25
40
5 2178
4U18
9434
9418
Coins.—The following are quotations in gold for various coins:
Sovereigns
$4 83
Nanoleons
X %. Reich murks.
X Guilders
3 85
4 73
3 9.(5
Span’ll Doubloons.15 50
@$4 87
@
@
j Silver 4s and *33.
! Five francs
3 00
4 77
:
@400
@15 65
ilex. Doubloons.. 15 50 @15 65
Gne silver bars
1 09%o; 1 104
F.no gold bars
par@ 4 prem
Dunes & ig dimes. — 994®
par
..
the
It
ITol. xxxvn.
Mexican dollars..
Do unconuuerc’l.
Peruvian soles
English silver
92
—
@
S54®
*44@
—
—
79 n@
—
4 75
par.
95
—
864
854
804
—
—
—
4^2
—
68
w
@
—
—
374i£
—
—
99% ;?
•
....
Prus. eilv. thalers.
U. 8.trade doiLars
IT. 3. silverue,liars
9.9V®
—
7<>4
89
ar.
United States B omls.—The government
been featureless, without any
The biosing prices at the N.
Interest
Periods.
bond market has
change in quotations.
Y. Board have been as follows:
Sept.
Sept.
1.
3
Srpt.
'4.
!
Sept.
5
j
!
|
'
Sept.
Sept.
7.
6
j
’is, continued at 34.. Q.-Feb.
44«,1891
reg. Q.-Mar. *112 *4 *11214 *l'12q' 'Ll24’ 1124 *1124
44s, 1891
coup. Q.-Mar. *1j 24 *112^4 112 4 1124 *1124 *1124
*
4s, 190“
reg. Q.-Jan. *118 % *118% *11838 * M8% *11)-% 1183s
4a. 1907
11938 119% 119% llb% *11<;% 119%
coup. Q.-Jau.
•V
P
*•—4
O rc
3s, option U. S
*1034
reg. Q-Feb. ’'IO3I4 10/,%
*
-9
129
*129
■ i 29
*i29
129
9-. cur’ey, 1895..reg. *.]. A J
*130
•130
:*:30
*139
*130
cur’cy, 389(5..reg. J. &. .J. *; 30
J. *131
*131
*131
*31
31
*i3i
6s, cur’cy, 1897.. reg. J.
i 33
*-•33
* 33
*135
*133
6s, cur’cy, 1898.. reg. J. <v J. M33
*
*
*
*
*
*
.
*
6e.our’ev.
*
18 *9..re'. J
.V
r
134
*
I 3 r
*31
This is the price bid at the morning hoard; no
*
sale
3L
3 t
*
was
made.
U. S. Sirb-Treasury.—The following table shows
and payments at the Sub-Treasury in this city, as
balances in the same, for each day of the past week:
i
3-1
the receipts
well
as
the
Balances.
Date.
Sept. 1..
“
3..
“
4..
“
5
6..
7..
..
“
“
Total
*
...
Receipts.
Payments.
$
785,735 85
$
896,349
1,960,779
1,681,026
1.229,117
1,312,918
1,545,628 39
1,742,959 49
Coin.
10
68
50
53
$
120,989,138 89
120,762/129 61
1.332,703 27
1,513,069 40
120.773.216 86
120,906,482 33
28 120,627.613 70
*1,724,875 47 120,090.581 71
3,027,216 68
*8,805,066 56
1,107,120 28
Currency.
$
6,852.050 56
6,663,108 52
6,714,754 29
6,459,491 57
6,758,145 19
7,083,368 11
Above payments
include $1,000 gold certificates taken out of cash.
State and Railroad Bonds.—The volume of business in
railroad bonds the past week lias been nearly three times" as
in the preceding week, and the heaviest transactions
in the last few days. The general advance
from 1 to 6 per cent, the latter on Rome
Watertown & Ogdensburg 5s to 67. The largest dealings in the
great
as
have taken place
in prices ranges
week have been
vanced 2% per
111
West Shore & Buffalo 5s. which have ad¬
cent to 74:?.l: Northern Pacific firsts, 2l% to
104U ; Tex. & Pacific land grant incomes, 3>4 to 57 : Kansas
& Texas general mortgages, 3}/ to 81 ; Atlantic & Pacific in¬
comes. 2 to 28!/;
Wabash general mortgage 6s, 4 to 68^3 ;
Denver & Rio Grande consols, 3 to 831/.
Other advances in
bonds*less actively dealt in were
Chesapeake &Ohio cur¬
City lsts, 1% to
to 92}4 ; Oregon
St. Paul consols,
1}/ to 120. Oregon & Trans-Continental 6s sold at 92}/, 90,
93*4; Ohio Central lsts, at 66}/, 64, 71; the incomes at 12}/,
9, 10: and Denver & Rio Grande Western lsts at x65, 62, 651/.
State bonds were generally firm, and the only important
changes were in Louisiana consols, which sold at 6614 67b£,
:
rency 6s, 4*3 to 50; Fort Worth & Denver
70:14 : Burlington & Quincy debenture 5s,
Short Line 6s, 1}/ to 97}/ ; and Milwaukee &
,
66} 4.
Railroad and Miscellaneous Stocks.—There has been
aa
almost continuous advance in prices of railway stocks during
the last seven days, the closing prices of each day showing an
advance on those of the preceding day until Friday evening,
the 7th, when a slight re-action from the continued upward
movement took place.
Last Friday showed only slight
advances, but this week there is quite a general gain, ranging
from 1 to 10 per cent,
The most important gains are Louis¬
ville & Nashville, 7 4 : Oregon & Trans-Continental, 4}-g ;
Northern Pacific, 4; preferred, 3J$ ; St. Paul, 3?3 : Burlington
& Quincy, 3}q: Canada Southern, 3}3 • Canada Pacific, 2%
Legal tenders.
25,207,800 Dec.
104,200
22,840,400
15,617,900
Lacka wanna, U8'; Central Pacific, 2% ; Denver, 2\i: Erie,
Legal reserve. $78,034,975 Dec. $384,500 $77,238,325 $78,981,800
Reserve held.
85,159.000 Inc.
17,700
77,082,30J
77,961,70w 2}4 ; Kansas & Texas, 21$ ; Lake Shore, 3}/ ; New York Cen¬
tral, 25g : Missouri Pacific, 378 ; Northwestern, 6}4 : preferred,
Surplus
$6,224.0Tuc
$402,200 dcf.$l 56.025 df $1.020.100
d% : Pacific Mail, 2; Rock Island, 2 ; Omaha preferred, 2}/ ;
The Bank of England gained £107,000 in bullion in the Texas & Pacific
2}£ ; Union Pacific 5^4 ; Wabash 3}4 ; and
week, and the reserve was increased to 47 11-16 per cent from Western Union 3/3." Among the specialties there were ad¬
47 9-16 in the previous week. The Bank of France showed a vances of 3 on Indiana Bloomington & Western and 6}4 on
decrease of 380,000 francs in gold and 1,076,000 francs in silver. Memphis & Charleston. Ohio Central sold at 6, 3}q, 4.
Loans ana die. $325,880,600 Dec. $1,715,000 $332,359,500 $337,207,200
59.951.200 Inc.
Specie
121,900
54,241,900
G2.343,800
Circulation...
7.700
15,636.300 Inc.
19.683.200
18,292.100
Net deposits. 315.739.900 Doc. 1,533,000 308,953,300 315.927,200
.
^V-'
September 8
y'
:
f‘vv
‘
THE
1SS3.]
CHRONICLE.
261
NEW YlKtX STOCK EX.Cil.VNWE CIUCES FI) It WEEK ENiUNtf SB i»r. 7, AND
SINCE JAN. 1, 1SS3.
DAILY
HIGHEST
AND
LOWEST
PRICES.
Saturday,
Mondaj’,
1.
Sept.
RAILROADS.
Atchison Topeka A Santa Fe.
Boston. A N. Y. Air-L., pref...
Canadian Pacific
Canada Southern
Central of New Jersey
Central Pacitic
1st
2d.
•
pref
pref
Do
pref.
Chicago St. Paul Minn. A Om.
Do
pref.
=
Cincinnati
and. A Cleveland
Cleveland Col. Cinn. A Ind
Cleveland A Pittsburg, guar..
Columbus Chic. A Ind. Cent..
Delaware Lacka wanna A West.
Denver A Rio Grande
East Tennessee Va. A Ga
Do
57 ’4
56*4
57 V
53**4
83'a1
53
81 :,4
66**4
68*4
16
16
6G*v>
•T6;
*27 *2
55V
82:i4‘
67 V
123
125
124 ‘4
102 ia 103 V 103'4
125
104*4
118*4 118V: 119 V 119V
122 i4 124141 124 1.1 125 Vl
U2V113V 14 4 145
*11
»40
14
45
LI *3
14 V
14*3
*
12334
103 V
120
124*8
145
-j
122*2
14 34
45
’
41* '4 4*2 *3
40V
10IV 102*3
41*2
102*3 102**4
*62** "0*3" "o*iv *6*3*3
17
28
|
I
21
133
133
*62 *2
Thursday,
5.
Sept.
Friday.
56
83
07 V
17
OSV
17
27
*10
134
124 V 12434 125 V
105 34
105 V 105
I lit)3.! 120*-j
120
125 V 125*4 127
145 *u! 145:i4 146"8
123 i 123 V 124*2
14 34!. * 13
15 j
45 I
41 *2 46
j
42*2'
42V 42 V
,
lo 1 'a 134 '8
124 3.4 127
j
104 78 10634|
120 '8 122
1
*411 121V
3
122
26*8
27
8 ‘4
16*2
17
3
!
8
42
103
43
44
101
43
101*2
38*2
41
05
05
j
1 st
pref
Manhattan Beach Co
Memphis A Charleston
Metropolitan Elevated
70*4
21V
24 V
U5
Milwaukee L. Sh. A Western
45 V
19
39
91
83 V
Minneapolis A St. Louis.
Do
pref.
Missouri Kansas A Texas
Missouri Pacitic
Mobile A Ohio
Morris A Essex
'
NashvilleChat tanooga A St.L.
New York Central A Hudson.
New York Chic* A*St. Louis.
Do
pref.
New York Elevated
New York Lack. A Western
New York Lake Elio A West
Do
pref.
New York A New England
New York New Haven A Ilart
New' York Ontario A Western.
New York Susq. A Western..
Do
pref.
Norfolk A Western, pref
Northern Pacific..
Do
pref
Ohio Central
Ohio A Mississippi
Do
pref
..
.
*3 si"
21 :!.i
*81
*39
18*o
t
85
41
27
84 V
92
42
92
83*4
81V
11*4
85**8
11*4
*4 1*"
*40*
••'41
23
49 *3
21 :!i
>
•
23
49*3
26
25V
4
00 V
99
'8
v!
115*2 116-8 116*4 116**4
0 :t4
*8 *3
9 '-2
9**,
*17
*95
103
85
30 V
S.)
30 V
77
19
105
85 '3
81 i *4
86*4
31V
30**4
31**8
5
25
25 *4
25
1
1 8 *3 18 ‘3
*95
105
*85
86
::i
3 1 *3
.
25
25
*2
21* *3
5 *4
* 2*) v "2'i" *
.
24**4
*5
*4
*4
17*3
6
17*3
35
39 V
37.
40V
76 *4
7,1*3
-j
5 '3
5 *3
20 *•■
29**4
29**4
•*
28 V
*
5
’8
*4
6
*17
36
39 *3
Pacilie Mail
Pullman Palace Car
Quicksilver Mining
Do
Western Union
pref
Telegraph
EXPRESS.
Adams.
American
United States
Wells, Fargo A Co
COAL AND MINING.
51 ‘8
53 V
39 '3
*4*i"
*81
*39
85
41
42
*89
84
43
93
86 V
*19*" i*!)"
74 V
5
30
43 *4
43 V
*
*8*0 V "8*7
V
12*4
45 *4
12
21
52
26*4
loo V
loov
121**1
121 *4
5 / *3 60
110
118
9
9*4
*95
86
30**4
76
ii7-v
9**4
18*3
105
86
6
1
24*4
2 l *4
iv
21V
2 2 *.j
6
25
52 *-■
2 i *3
102
bi"
19 *4
19
9**4
I9*‘e
*8*5
*8*0 "
31**4
31V
.
6
*16
17*3
36*3
40V
78
25
32 ‘4
78 V
25
22 *4
(> *•>
Mli
23 '4
0 *-.
17 V
17 *3
36 *3
42 V
77
!
4 *3
•iT
7 5 *4
4 I *<4
7 6 *4
5 *3
40**4
74.*4
30 *3
31**8
30 *4
30**4
8 *->
9*4
06 *3
14
8 x*2
05 *8
13 *3
*64V
07 V
66 V
14
65 *4
13
51 *8
-1.4*3
50 >3
T31
*67***
32 *4
16*3
00
01
92
47
47
47
*89
27*V
H)8:!4
100
100V
28
20
28 *4
20
20
109
109*
28 V 28 V
3*4
5,330
340
6,400
1,1 10
124,310
|
110
16.387
j
161
18
5
29 V
9
5lj
41
65 V
3
ysilJ
13
14
12
4634 Jan. 17
Juiiellj 18
A tig;
1
U
Jan
28j
48 *2 Jan.
19*4 Aug. Li!j,
3034 Jan.
11*4
92*2
150*2
49*2
45
98
120 V
49*2 65
4 6 *2,10034
57 j 78
40
60*8
82
98*2
40
; 56
15
! 37
I
42*4
77
77
13
82 V
j
93
; 105
! 21
IV 58*4
19
i 36V
*
47
Aug. 151 68*0 Jan.
21 V Aug.!4 I 31 V J an.
Aug. 1 l : 100 V Apr.
43,310
74V
208
t
Aug. 14 148- June 14
Feb. 17j 81
77
Jan. 22 J
19*2 Aug. 11 35*2 Apr. 9il 30
18*2 Aug. 13 33*4 Jan. 18
23*2
10
62
923*
16
20 V
16
110
97**4 May 5
Aug.28,200 Jan. 29
A ug. 24 j; 82V
Apr. 5
38
1.100
2.250
25V05
58*4
97*2 117
26' 133
140
3 V' 21V
5
13 116*41150*4
76
May 17: 93 June 2l! |
80*2 Aug. 27 100*8Jan. 1S>!
200
900
59
! 77
20 V1 42*a
80 V1112 *2
12 ; 35V
10*2 Aug. 13! 19*2 Ja'11.
5'!
120
Feb. 15! 129 *1 June IF 119 V 128
4,700
50*2 Mav 171 61 V Jan. 22 ! 47 1 87*9
50,137 113*2 Aug. 13H29 V Mar. 10 123 V I3S
3,500
7
15V Jan.
Aug. 13
51} iOVl 1774
710
17
Aug. 13 35„ Jan. 4i| 27 ! 37V
90
Aug. 23 105
Fob.
1109*2
"155 81 *>4 A ug. 23 8f) *2 Mar. 16!jl00
5
j
85,376
2.8 V Aug. 13
40 V Jail. 18' 33*4! 43-V
850
72
Aug. 13 83
Jail. 5|| 67 | 88*4
1,425
20*9 Aug. 8 52*4 Jan. 9jS 45 1 60*2
169
Jan.= Is 183
May, 29'j 168
186
] 25
11,692
19**4 Aug. 13
1 10
200
1.000
5
Aug. 2s
14**4 Aug. 1 1
32
Aug. ID
35 V Aug. 30j
69 ’4 Aug. 30;
29VApr.lt!
8V May 10
21**4 May 10
!
20*21 31V
j
49V Jan. 20i | 44 *4 60
53*8 June 14| 28 V 54 V
s
90 VJ *me 14,
66**4 100V
12,599 j
3*4 sept. 6! 14*4 Apr. 13
11V 25 V
4,205 j 27
27
' 42
Aug. 14 36**4 Apr. 13;
Fell. 16ill2*2 June 13!
90**4 112
88,096
169.368
80
,
ii)*8
32*8
00*->
20*4
34*8
120
130
30 V 31 V
128
128
*6
7
*30
33
77 L 78
*133
00
*58
v110
108 V
28 V
52
48
134
*131
V
14
5 l
131
V
50
V
ll31
lo
68*2
14 '2
51:U
134
92
27
47
91
32
400 !
32
16**4
17V
60
61 *3
V
109*4
29 V
*26
*47
*89 '3
„
.
900
600 !
500 i
,
.
*28
48
92
1,200 j
210
02
109 V
28*3 30 V
108**4
11,175
34,090
61*2
62’
91*8
20*4
33 V
92 V
92 V
20
20**8
93 V
9 2 **4
21
20
94**4'
9434
95 V
23 V
36 V
109,003
6334 033i
0334 65
6534
130
120*4 120*2 129*2 120*2 120 V 129 V 12U34 120 3.1
21
21*2
23V
105 V 106 *2 ioo" ioo>2 106
107 V 107 V
106
1,300
110
85
21
34
125
80
12034 130*2
31*4 32*4
120
120
rsv
1
33 *4
*il’6" 125*
31
120
*6
78
31V
-il'o" 123*
88
131
*30*2
1
V
34*8
32*8
32*8
88
131
33
129
7
V
33 V
17
*110
35 V
17
123
130
130
*6
7
*32 *4 33
33
79*4
79V
137
*133
00
62
*59
62
I
120
117
121
;
137
89*s 00
*133
90
*59
118
22
*b
35
*18
*110
19
121
37.045
39,035
900
1,420
1,777
350
'*325
131*4 132
32**4 34 V
*133
89
90*2
*59
62
118
*117
137
«1
137
89
62
120
j
"ioo !
*
00 *4
10 V
33
47
2,600 1
12,860 ;
•
„
7
5
*V *oi” osi
07
32 *3
17
!
800
190.115 ! 53
2,520 j 12.
98,450
46*4
130
132
133
34
35 V
130 V 130 V
"6
7
33
33
81
81 V
135
*89
*59
*117
135
.
90
01
121
2,800
15,250
21
14
48
86
22 v
41
87 *3
33
91
16
16
5*2
...
the prices bid and
asked;
no
sale
was made at the Board.
5*2
5*4
5*4
t Ex-privilege.
241 14V Apr. 24!
Jan. 19)
Jau. is
89
28
1 1
60
23
; 23*9
98 »4
i 3934
46V 07*9
Aug. 27 61*8 June 15;
May 31 138 Jan. 16, 130
13
Juiie 27 15*9 Apr. Hi!
Jan. 13
Feb. 16
72
39
Aug. 11
23
Jail.
A ug.
3
.i ulv 23
June 2
.
85
28 103
4|
Apr.
June 191
Apr. 11
-V Ug. Ill 36*4 May 311
Aug. 14 SOVJune 2'
Aug. 23.100 '3 J an. 11 ■
Aug. 13
40 V
Jan.
9|
52
23
IT1
i
!
139
40
250
263
36*9
20*3 50
55
I 94*9
31
46 V
66*9
79*'.i 106*3
26
| 42V
68
I 99*4
97 V 4 une .16;
1103**4 I ulv*24. 169 V.......
Apr. 16 108*3 166*9
24
Feb. 20
V Aug. 14j 43
15
Aug. 29!
20 *3 J uly 25*
Jan. 18
27*sJunel4|
24 V J uno291
86*3 Aug. 13*104**4 Jau. Is|
15
Aug. 14 36*4 Jan. 18
29**4 Aug; 14 57 *9 Jan. Is
61 V
98 ‘4111934
23 V 39 V
45 V
71V
69 V
74
June 15
Aug. 31
132
July IS 140*3Aug.30!
53 V
Aug. 231 39V Apr. LOl
10:1*8 Aug. 30 112 V. Apr. 14 102**4 11934
15
Jan. 11
Aug. 31 25
30*4
55
Mar. 13 125
55
July 20
77
91
V Mar. 5
Aug. 14
150
127
Juno
14
1*6*3
Aug. 30
V
28
48 34
Aug. 14 44V Apr. 9
121
19
June 13
"ioo
Mar. 3j
Mar. 6
June 14
14*4
62*4
21 ; 126 *3 May 5 135
Jan.
5
300! 88
Mar. 16 94*4Juno 91
55 V May 17
65 *3 Jan.
6!
25 117
Aug. 29 128 June2L
149*9
65,923
16
16
J ulv
Aug. 14
Aug.30
1,300 117
Pennsylvania Coal
6
3
Mar.
21
•
New Central Coal
Ontario Silver Mining
are
Apr.
98**4 Aug. 30 114V Jim. IS;
322 i 60
Jan.
2
863i June303
145,215 J 40V Aug. 27 ..68 *2 Jail; 20!'
68
! 39VJHue20
Jan.
5 j
1.200
38
53 V Feb. 9.
-wig. 14
I 80 Aug. 1- 90 Jan. 18
f 38 .Aug. 17 53 Feb. 10 !
6: > ! 15
Feb. 21
30 V June 30;
4,626
34*2 Aug. 13 55
Jan.
8 I
Mariposa Land and Mining.
Maryland Coal
These
*.-*j1
Jan.
58
Feb. 23 134
7 *3 June 14
9*3
33
Aug. 18 46 *3
88
71**4 Aug. 16
*4
Consolidation Coal
Homestake Mining Co
Little Pittsburg Mining
Cameron Coal
Central Arizona Mining
Dead wood Mining
Excelsior M ining
Robinson Mining
r
Silver Cliff Mining
Standard Consol. Mining
Stormont Minimr
a11^,.
38
72
410 !190
150
*
American Tel. A Cable Co
Bankers’A Merchants’Tel... tl2sV129*
Colorado Coal A Iron
21**4 22-V
Delaware A Hudson Canal.... 104**4 104\
Mutual Union Telegraph
BD4 16 '4
New York A Texas Land Co.. *110
123
Oregon Improvement Co
Oregon Railway A Nav. Co
52 V
*39" *4*i"
49 V
24 3j
2
,*l.1
20 *3
78**4
127*2 145 *a
114V, 144*4
124
j ] 5034
136
! 175
ol 122
140*4
3.800 ! 117*2 Aug. 13,127*4 Jan.
850 i 10*2
Aug.31 22 Apr.
807 I 38
Aug. 11
5734 Mav
9,070
3634 Aug. 13j 55 Jail.
5,180 ! 97
Aug. 14113*4 Jan.
1.800
38
May 22, 49*2 Mar.
1.770 i 5>9
Aug. 14j 84
Jan.
100
,1124*2 \ug. 13I142 Jan.
300 I
3 Aug. 9j
7*4 Mar.
412,275 ; 118V Feb. Iff 131*a
Apr.
115,335
21*4 Aug.21 51*2 Mav
1,925
7
Aug. 14 11*4 Apr.
1,500
13*2 Aug. 14 23
Apr.
200
Feb. 9
10 V Apr.
59
78**4
95^
80V
*
66 *4
11 V
61*8
14 ’4
...
MISCELLANEOUS.
| 102*8
18*3
..
843j Juno 14
843, May 3
65*2 May 3
7134.J an. 19!
Mar. 28
120V141
96*21128*4
195
'
21 V
*5 '4
*16
21 *’s
trust ctfs.
Richmond A Danville.
Richmond A West Point
Rochester A Pittsburg
St. Louis Alton A Terre Haute
Do
pref.
St. Louis A San Francisco......
Do
prefDo
1st pref.
St. Paul A Duluth
Do
pref
St, Paul Minneap. A Manitoba
Texas A Pacific
Texas A St. Louis in Texas
Do
in Mo. and Ark.
Union Pacific
Wabasli St. Louis A Pacific...
Do
nref.
22*3
104 V
*
'20 V
Evansville..
Allegh.,st’Vk
22
High.
43,227
79V
26 ‘3
99Vj 99
;>0 *3
Philadelphia A Reading
Pittsburg Ft. Wayne A Chic..
Rich.A
8**4
16 V
6V
39
92 V
130
79 V
27 V
25*3 24 *4
103 V 101**4
*3
24
50
-52
25 '3 26 V
*i*23 " 125**
Oregon A Trans-Continental..
A
8
41V
Ohio Southern
Peoria Decatur
123 V
30 V
10
195
59
130
18*3
42
......
123 >8 123 V
r>(> *4 5 u l
115 V 110 V
0 '*8
!>V
*17 V 18
24V
22
'
08 *4
*81V
29*3
75*4
•
*4*i”
*39
20
40
-
*03
24 *•
**50V
47 *3
48*2!
*30 *2
*81
*30 *2
i;2*9" i29
129*4
24 *4
.
pref.
06
123 * *
195
j*l91
102 V 103
46 V
*39 v
*80
*30 i..
39
*89
83
Do
128
70 *4
24 V!
70*4
25
45L
18**4
Michigan Central
41
0*3
ibbv 102” ioiv103"
common
44
104 34
^
23**4
78
Low.
89
June 151
02 *2 Aug.il 3 88 'Jan.
oj
1,015 : .13 ‘2 Aug. 14 23 34 J an. 20
900 | 23
Aug. 14 35*2 Jan. 20
132 : 18
Aug. 31 27
Jan. 22
563 128
Aug. 15 137 *4 J an. 22
09**4
^
192 V 194
*56
58
78*2 Feb. 17
39,520 j 52V Aug. 13
29,205 ! 48 V Aug. 14
39,750; OS *4 Jail. 8
56V
rc
Longlsland
Do
Do
83 V
125 V
128V; 128 129 V
146 V 152 i 151V 152
123*a 124 V 124
125*4
*13
15
15
15
*42
48
15
47 V
122*2 121*2 122*2’ 121 *4 123 V
20**4'
25*2 26 V 25
26 V
8 V
8 *•>!
8*2
127 V 128
Louisville A Nashville
Louisville New Albany A Cliie
Manhattan Elevated
82
08 V
10 v
VI
3” ”3'
*56
..
59
Highest.
105**4 loov
120*2 12 LV 121V 1 •>•>
Bay Winona A St, Paul
Hannibaf A St. Joseph
Do
pref
Harlem
.*
Houston A Texas Central
Illinois Central
Do
leased line
Indiana Bloom’n A Western
Lake Erie A Western
Lake Shore
58*3
55*3
17
28*4 29
19
20
135
135
125 '4 127 *4
27
21
*133
64
Lowest.
200 j
105;
82
57 V
56 V
51 V
81**4
(Shares).!
Sept. "7.
6.
"
pref.
Green
83 34
50 V
52 V
82 V
*10
Chicago Rock Island A Pacitic
Chicago St, Louis A Pittsnurg
Sept.
S334
..
Chicago A Alton
Chicago Burlington A Quincy.
Chicago Milwaukee A St. Paul
Do
pref.
Chicago A Northwestern
Do
pref.
Wednesday,
4.
Sept.
82
Chesapeake A Ohio
Do
Do
Tuesday,
3.
Sept.
For Full
Year 1882.
Range Since Jan. 1,1883.
Sales of
the Week!
STOCKS.
200
May 18
27V Jan. 19
Mar.
19
6
2
Aug. *24
)
Aug.
1
)
i
Feb. 10
6
Jan. 19
17
Jan. 15
14
Jau.
4
35 *3 Jan.
8
Feb.
2 280**4 July 21
Feb. 27
18
Jau.
3
*4 Mai-. 26
*3 Jau. 12
5*4 Sept. 7
7*4July
7
t Ex-dividend and privilege.
145
93V
97*9
80*4
132
262
THE
CKHONICLE.
[Vol. XXXTIt.
QUOTATIONS OF STATE AND RAILROAD BONDS AND MISCELLANEOUS SECURITIES.
STATE
RONDS.
|
I
j
Bid.
SECURITIES.
Ask.
Rid.
SECURITIES.
Ask.
Bid.
SECURITIES.
Ask
j
i
-1 Louisiana—Con tinned—
Alabama—
Class A, 3 to 5,1900
Class A, 3 to 5, small...
Class B, 5s, 1900
Class C, 4s, 1900
81 *2
82
83
99
102
81 >0
—
II
....
1
10
45
35
35
30
17
100
102
104
104
Connecticut—Os, 1883-4..
Georgia—Os, 1880
7s, new, 1S80
7s, endorsed, 1880
7s, gold, 1890
~
13
Os, duo 1880
Os, due 1887
Os, due 1888
Os, due 1889 or
i1
-
20
135
!
Funding act, 1800-1900
107
1 108
1890....j 109
J
10
10
10
10
4
4
4
4
4
4
4
1)0
67*2 N. Carolina—Os, old,
Os, old, A. A O.
62
{
New
i
A. AO
Chatham RR
Special tax,cl ass 1,
Do
to W. N. C. RK.
Do
Western itU...
Do
Wil.C.ARu.R.
Do
W’n.ATarR.
Consol. 4s, 1910
Small
Ohio -'
j
j
!
1
j 117
J.AJ.! 80
j 30
i
33
33
:
Os, 1886
j
H.—Continued—
100
100
1 35
Caroline
| 'South
Gs, Act Mar.
1
I
.
12
12
Os,
coupon,
1893-99
j
....
_
,
■91^!'92"
j 113
Adjustment, 7s, 1903...
Leh.&W.B.—Con.g’d.ns!
Am.D’k&Imp.—5s,19211
C.M.&St.P.—1st, 8s. P.D.j
2d, 7 3-10, P. D., 1898. J
1st, 7s, $ g., R. D., 1902.
lBt, LftC.I)iv.,7s, 1893.
1st, I. tfc M., 7s, 1897...
1st, I. A D.,7s, 1899....
1st, C. A M.,7s, 1903...j
90-4
91
i
130
d consolidated 7s, 1911
1st, Springfield Div.. 7s
Ohio Central—1st,Os, 1920
1st Ter’l-Tr., Os, 1920...
1st Min’l Div., Os, 1921.
Ohio So.—1st, Gs, 1921
Oreg’n ACal.—l'st.Os.l 921
Or. A Trans’l—Os,’82-1922
HO
*120
General, Os,1921
120
124 ;
118
117
118 I
118*5!
120
1 st, Waco & N., 7s
J
2d consol., main line. 8s
2d, Waco A No.,8s,1915
100
105*-.
1st, West. I)iv., 7s......;
103n4
2d, Gs, 1913
Hid"
Ill.Cent..—Sp.Div.—Cp. 6sj 113
Middle Div.—Reg., 5s. J
1
C.St. L.itX.O.—Ten.l..7s|
1st consol.. 7s, 1897 ..I
j
ijOreg. Imp. Co.—1st, Gs...
j; Panama—S.f., sub. Os, 1910
115
117 :
!
1
Os, new, 1892-8-1900
Os, new’series, 15)14
C'm])’mise,3- i-5-0s, 1912
Virginia—Os, old
1
0
0
0
(
1
0
i
0
0
u
1
!
i
1
78
70
...
Vj
104
40
4 3
44
Os, new, 1807.
30
30
30
Os, ex-matured coupon.
Os, consol., 2d series
Os, deferred
39
50
8
......
m
......
i
District of Columbia—
3-65s, 1924.
108
103
108
103
108
108
Small bonds
j
107
1
116
1
Registered
Funding 5s, 185)9
Do
Do
Rome
small
registered...
10
■
...
Peoria Dec.A Ev.—1st,Os
W.AUg.—lst,7s,’91| 100
1st, ex. 5s, 1922...
07*2
70
Roch.A Pitt.—lst.0s.1921 j 104-4
Rich. A Al.—1st, 7s, 1920
7134
llich.A Danv.—Cons.g.,6s
90 34
05
Debenture Os, 1927
75
97
07
Con.
93
10!)
119
114
-
....
j 11234
Tennessee—Os. old. 1892-8
K
Q L-
e
102
37
30
30
BONDS.
1st, ext., 7s, 1891....;.-!
Coup., 7s, 1894
|
118
Reg., 7s, 1894
118
Mil.L.S.&W.—lst,0s,1921
Minn. ASt.L.—1st,7s,1927
1st, Pa. Div.,cp.,7 s,1917:
124
Atclf.T.&.S.Fe—4*2,1920!
All). A Susq.—1st, 7s... 110*4 112
Iowa Ext.—1st, 7s, 1909
Sinking fund, Gs, 1911.!
2d, 7s, 1885
' 104*2
j 2d, 7s, 1891
Oj
Atl. A Fac.—1st, Os, 1910:
1st, cons., guar.7s, 1900. 122 *a 124 jl S’thw.Ext.—1st,7s,1910
JBalt. A O.—lst,0s,Frk.Br. *114
1st cons., Os, 1900
1
!| Pac. Ext.—1st, Os, 1921
JBost. Hartf. & E.—lt^, 7si
Reus. & Sar.—1st, coup. *134*2
J4
j|Mo.K.&T.—Gen.,Os, 1920
Guaranteed
! *;*
1st, l eg., 1921
1*135 i
! Cons. 7s, 1904-5-0
100
Bur.C.llai). A No.—lst,5si
99
; Denv.tfc ItioGr.—1st.1900; 105
I, Cons. 2d, income, 1911.
; 107
Minn.ASt.L.—lst,7s,gm
-;!
1st consol., 7s, 1910 .®..j 80_ j
!J II. & Cent. Mo.—1st,’90
JowaC. A West.—1st,7s
Denv.So.P.APac.—1st,7s.
9o*2;
Mobile A Ohio.—New. Os.
C.Rap.Ia.F.itN.—lst,0s|
64
jlDen.A RioG.Wcst.-l st,6s' 04-2
Vj Collat. Trust, Os, 1892..
1st, 5s, 1921
j
!
j Dot.Mac. & Marq.—1st,Os.”
88
Morgan’s La.AT.—1st, Gs
Buf.N.Y. & Phil.—1st,Os1 ......| 98 h Land grant, 3*2S, S. A..)
i
Nash.Chat. ASt.L.—1st,7s
st,
Central Iowa-1
7s,’99 *100 ;107 j E.T.Va.A G.—lst.7s,1900 Hz's
!| 2d, Os,1901
East, Div.—1st,Os,1912 ••
| 80 :
1st, cons.,5s. 1930.... j 72 j 74
N. Y. Central—Os. 1887..
Char. Col. & Aug.—1st,7s{ ------ i 100
; j - Divisional 5s, 1930
Deb. certs, extd. 5s..
9234j
r
Ches.A Ohio—Pur. m’vfd.j 112*4
I lEliz.C.A N.—S.f.,dob'.c.6si
,!
! 'N.Y.C. A H.—1st, cp.,7s
fcs.gold, series A, 1008.1 ...... jllo || 1st, Os, 1920
|
1st,reg., 1903
93*2, 9334 lEliz. Lex. & Big S.—Os... ......1 95 ji Huds. li.—7s,2d,s.f..’85
6s, gold, series B, 1908.
6s, cnrreucy, 1918
50 i Erie—1st, extended.7s...i 125 :
II
Can. So.—lst,iut.g’ar.5s
Mortgage Os, 1911....... 102 i
2d, extended. 5s, 1919..|*1U8 I
| Harlem—1st, 7s, coup..
ago &
Chicago
A Alton—1st. 7s.:
4th, extended, 5s, 1920..*100 |
! n. Y. Elev’d-lst,7s,1906
Sinking fund, Gs, 1903. :10
5th, 7s, 1888
j 109*8
1 N.Y.I’a. AO.-Pr.rn.6s.’95
La. A Mo. ltiv.—1st, 7s.1
1st cons.,gold,7s,
1920.| 124 ,124*2 N.Y.C.&N.—Gen.,0s,1910
Lt cons., fd. coup., 7s..,
2d, 7s, 1900
j*--"* • 108
:
'TrustCo., receipts
6t. L. Jack.&Ch.ic.—lst;*llo ,119*8
Reorg., 1st lien, Os,1908
107*2 N.Y. A New Eng.—1st, 7s
1st, guar. (504), 7s,’94
Long Dock b’ds. 7s, ’93. 'll4■'•a 115 |i 1st, Os, 1905
2d (300), 7s, 1898
BUO.Y.&E.- 1st, 1910 '130
135 j N.Y.C.&St.L.-lst,Gs,1921
N. Y.L.E.A W.-New2d 0
2d, guar. (168),7s,’98.
, 90
i 2d. Os, 1*)23.
I Buf.AS.W.—M. Os, 1908
Miss.R.Br’ge—1 st.s.f.Os
|
I1N.Y.W.SI1.& Buff.—Cp.5s
1
C.B.&Q.—Consol. 7s,1903 120*4;
Ev. A T. IT.—1st, cons.,Os
97
j
98*4
iN.Y. Susq. A W.—1st, Os
1
Mt. Vei n.—1st, Os. D*23j
5s, sinking fund, 190L..
II Debenture, Os, 1897
f>s, debentures, 1913
:! Fl’t tfcP.M’rq.—M.0's,1920|*
jllO-V!' Midland of N.J.—1st,Os
la. Div.—S. F., 5s, 1919 101*2
: N.V.N.ir.ct H.-l st,rg.,4s
,! Gal. JJar. A S, Ant,—1 st,0s| 102 I.
87*2
S. F., 4s, 1919
2d, 7s,1905
1
.--...(lOSV'NevadaCent.—1st, Gs
84
i
Denver Div.—4s, 1922..
Mex. A Pac.—1st, 5s. ..j
92'4, 93 jjx. Pac.—G. 1. g., lst.cp.Os
Plain 4s, 1921
2d, Os, 1931
li Registered, Gs, 1921
C. R. I. A P.—6s, cp.,1917
6s, reg., 1917
Kco. A Des M.—1st, 5s. 10G
Central of N. J.—1st, ’90. *113
1st consol, assented,’99
Con v., assented,7 s,1902
Ask.
—
23, 1809 >
non-fumlable, 1888. (
Brown consol’n Gs, 1893
I
......
M icli. Cent.—Continued —
J aek.Lau.&Sag.—Os.’91
Mil. A No.—1st, Os, 1910.
(Stock Exchange Prices.) !
Ala.Central—1st,Os, 1918
Alleg’y Cen.—1st, Os,1922;
...
Bid.
.
|
......
Rhode Island—
RAILROAD
Railroad Bonds,
’93-9
....
1
1
Del. A
bonds, J.AJ., '92-8
Do
:
1-112
h 115
Os, loan. 1891
Os, loan, 1892
Os, loan, 1899
116
1808-18!)S
Do
j
Asyl’m or Uniw. due’92; 112
Funding, 1894-95
! 110
Hannibal A St. Jo., ’80.- 109
do
Do
’87 109
'. New Yorki
! 108
Os, "old, re"., 1887
Os, sold, coup., 1887
j 108
I
106
06*4
7coui)’soff.A.AO.
'100
|
Louisiana—
7e, consol., 1914
7s, wTnsU
!
M issouri—
-
!
funded, 1899-1900..
L. Rock A Ft. S. iss.
Memp.A L.Roek lilt
L. li.P.B. A N.O. Kit
Miss. O. A U. R. UR.
Arkansas Cent. RR.
; 11(3
N. Carol inn —Con tinned—
No Carolina RR.,J.AJt
Do
A. AD
t
Do 7 conn’s off, J.AJ.
59V 00
7s, 1890
Arkansas—
6s,
7s,
7s,
7s,
7s,
7s,
|
Ex-matured coupon
Michigan—
108
6s, 10-20s, 1900
i
i
SECURITIES.
1
110*8 110 V
Atl.&Cli.—1st. n., 7s.,’97
Incomes, 1900
101*8!101*4I SciotoVal.—1st,
81
105
5J
82
St. L. A Iron
112
107*41107*2
2d, 7s, 1897
100 7J107 *4
Arkansas Br.—1st, 7s...
Cairo A Fulton—1st ,7s. 1()034
Cairo Ark. A T.—1st, 7s 106:*»|l07
Gen. r’yA 1. gr., 5s, 15)31 j
75*2
103‘i
St. L. Alton A T. II.—1st.
115
100
91
cons., 7s.
Mt,—1st, 7s
102
*105*4
I
2d, prof., 7s, 1894
1*107
2d, income, 7s, 1894 ...J 103
Bellev. A S. 111.—1st, 8s
105 *4'105 *<2
12!)
St.P.Minn.AMan.—lst,7sl
12834
Dakota Ext.—Os, 1910..
Ist consol. Os, 1933
Min’s U11.—1st,Os, 1922.
St, P. A Dul.—1st,5s, 1931
So. Car. Rv.—1st, Os, 1920 *104
104
95
128
110
90
110 *a
125
110
110
2d, Os, 1909
2d, Os', 1931
109
105*2
Tex.Ceil.—lsf,s.f..7s, 1909 ibs"
102
”997;
100
*86
7 4 r,8 74 34
81
82
*02
94
‘*95r
103
104*2
ibTui ioi38
*83“
*98
10334
85
101
9734
115
1 15
1 22
118
71
78T10
80
t)i*
*105
1st inert,, 7s, 1911
100
Tol. Del. A Bur.—Main,6s
17*2
10
1st, Dayt. Div., Gs, 1910
1st, Tor’l trust, Os, 1910 *10
Va. Mid.—M.inc.,0s,1927
50*h
W‘ab. St.L. A P.—Gen’l.Os
G7;j8
Clric. Div.—5s, 1910 ....
77
Hav. Div.—Os, 1910
74*a
Tol. RAW.- 1st, 7s, 1917 *103 ’4 104
Iowa Div.—Os, 1921
80
....
Ind’polis I)iv.—Os, 1921
Detroit Div.—6s, 1921..
Cairo Div.—5s, 1931
81'
ir
Wabash—M., 7s, 1909..
Tol. AW.—1st,ext.,7s
1st, St. L. Div., 7-s, ’89
i<)5
95
95*2 97*2
97 *2
2d, ext., 7s, 1893
Equip, b’ds,7s,1883..j
Consol, conv., 7s, 1907
Gt. West.—1st, 7s, ’8«| 10234, 104
2d, 7s, 1893
9734
102
Q. A T.—1st, 7s, 1890.1*100
Han.A Naples—1st,7sl
111. A S o. I a.—1 s t E x.. 0 s!
St.L.K.C.AN.— B.e.7s 10234
Oiii. Div.—1st, 7s ..c *
; 110
Clar’da Br.—0s,1919
St. ('lias. Br.—1st,Os
*80*21
No. Missouri—1 st, 7s. *1 IS
120
West. U11. Tel.—1900, cp.
114
ll478
114
j 1900, reg
113
....
93
l.V
....
-95
*95
! 120 ! 120 *•_’
190 |
2d. Os, 1907
I HO
E\*ans.Div., lst.0s.1920
2d, 7s, 1884
1*103 1104
j*103
Gold, 5s. 1951
11 Peoria A Pek. TJ’11—1st,Os
2d Div., 7s, 1894
1st,7s, I.AB. Ext.,1908.'1184'
! 105
ijPae.San
It Us.—Ceil. P.—G.,0s 1 i 134 112 |N.W. Telegraph—7s,1901!
S. W. Div., 1st, Os, 1909.1 105
Ced. F.& Minn.—Is
;Mut. U n.T.—S. F.,0s, 191 1
85*
so”
Joaquin Branch.. *05*2
1st, 5s,LaC.ADav.,1919
90 | 93 p Ind. Bl. A W.-lst prf.7s *100 i
-1
Cal. A Oregon—1 st, Os 102
Oregon lilt. A N.—1st, Os 100 7a 107
80
;
1st,8.Minn.Div.Os, 1910 10,>34, i<)6 *4 I 1st, 4-5-Os, 1909
^7
102
State Aid bds., 7s, ’84 101
INCOME BONDS.
1st, H. A D., 7s, 1910 ..I 115*-j|l 17
09 *a
1 2d,
“* 4-5-Os,
“
lot
1909
Land grant bonds. Os.
105*2 (Interest payable if earnest.)
Ch. A Pac. Div.,Os,1910 109^:110*4
I
91
East'11 Div.—Os, 1921...
no
West, l’ac.—Bonds, Os 108
Ala. Cent.—Inc. Os, 1918.
Ibt.Chio.AP.W.,5s, 19211 93V 94
Indiana]). D. ASpr.—1st,7s 103 !
So. Pac. of Cal.—1st, Os. I043i 105
Alleg’y Cent.—Inc., 1912.
Min’lPt. Div., 5s, 1910. *90*4'
I
...)i Union Pacific—1st, Os.. 112 *22 i 112*8 Atl. A Pac.—Inc., 1910...
2d, 5s, 1911
20
30
C.A L. Sup.Div.,5s,1921!
j flit.A Gt.No.—1st,Gs,gold
I
Land grants. 7s, ’87-9. 108 *4 109 *4' Central of N. J.—1908
93
95
Wis. A Min. D„ 5s, 19211
9038 90*2
80
11
|
i 81
Coupon, Os, 1909
4*2
115
Sinking funds, 8s,’93.
jCcnt. la.—Coup.debtctfs.
115
1
Kent’kyCen.—M.,0s,1911
Registered 8s, 1893...
Ch.St. P.AM.—li.g. ine.,0s
Interest, bonds, 7s, 1883 102
L.Sh're-M.S.AN. I.,s.f.,7s 105 *2; 100 j
Collateral
Trust,Os...
Cliic. A E. 111.—Inc., 1907
Consol, bonds, 7s, 1915.
i’34
104
A Tol.—Sink. fd.
*4;...... I
do
5s,1907
DesM.AFt. D.—lst,inc.,Gs
j Clove.
Exteus’n bonds, 7s, ’85.
New bonds, 7s, 1880.. 107
108*- Dot. Mac. A Marq.—Inc..
Kans. Pac.—1st,Gs,’95
|
i'oT' ......j Cleve. P. A Ash.—17s
1st, 7s, 1885
*111
!
100
107
1st, Gs, 1890
.-.
E.T. V. AG a.-111c.,Gs, 1931
28*2 2934
12 4
Buff. A Erie—New bds. T21
Coupon,gold, 7s, 1902.. 123 123 '2
Den. Div.,0s,as’d,’99
1108*2 EI.C. A No.—2d, ine.,1970
*123
Reg., gold, 7s, 1902
123*2
Kal. A W. Pigeon—1st.
*
1st consol., Os, 1919.
987a
99
G. Bay W.A St.l’.—2d,inc.
’20*9
Sinking fund, Gs, 1929. 109 7<- 110
Bet. M. AT.—1 st ,7 s. 1900
C.Br.U.P.—F.c.,7s,’95
Iud. Bl. A W.—Juc.. 1919
Sinking fund, 5s, 1929. 103*4
Lake Shore—Div. bonds '121*4 133
j
At.C.&P.—1st,Os, 1905 *90
49
Consol.,
Inc.,
15)21..
Os,
Sinking f’d,deb. 5s,1933
......,
consol., coup., 1st, 7s. 134
91
j
At. J.Co. AW.—1st, Os
Ind’s Doc.A Spr’d—2diuc
Sinking fund, reg
Consol., reg., 1st, 7s.. 134
90 73
Orog. Short L.—1st,Os
Trust Co. certificates..
Escan’aA L.S.—ist,Os. *iiT*2 113“ i
123*2
Consol., coup., 2d. 7s.
Ut, So.—Gen.,78 ,1909 103*2 104
Loh. A Wilkesb. Coal—’88 ■k
83*"
Des M. A Min’s—1st, 7s
Consol., reg., 2d, 7s... *120*4
Exton., 1st, 7s, 1909 101
1*41*2
20
Lake E. A W.—Inc.7s, ’99
30
Iowa Midland—1st,8s.. *125”
Long Isl. R.—1st,7s, 1898 117
Mo. Pac.—1st, cons., Os. 102
*20
Sami’ky Div.—Inc., 1920
Peninsula—1st,con v. 7s 120
1st consol., 5s. 1931
99
no
3d,
117
7s,
1900
Laf.Bl.Al
l M un.—I nc.7s,’99
Chicago A Mil.—1st, 7s. *118
Louisv. A N.—Cons.7s,’98 117
118*2
Pacific of Mo.—1st, Gs 104*2
Mil. L. S. A W.—Incomes
*82**
"Win. A St. P.—1st,7s,'87
109
!
2d ,7s, gold, 1883
101
102
I
no
2d, 7s, 1891
05
Mob. A O.—1st prf. debon.
03*a
120
:
125
2d, 7s, 1907
Cecilian Br’cli—7s, 1907 100 >2
St, L.A S.F.—2d,Gs,cl. A
97*2
25
2d prof, debentures
48
112
Mil.&Mad.—1st,Os,1905 109
*93“
N.O.AMob.—Ist,0sl930
90
97
3-Os, class C, 1900
1
20
3d pref. debentures
C.C.C.A Ind’s—1st ,7s,s.f. *121*2
E. H. A N.—1st,Os,1919
9*8 *’2
96
3-Os, class B., 190G
90*2
4th pref. debentures
120
Consol. 7s, 1914
121 *2
91
92'
General, Gs, 1930
1st, Gs, Peirce C.A O..
N. Y.Lako E.AW.—Inc.Os
70
*73*"
.C.St,P.M. AO.—Consol.,6s 109^ 10934
Fonsac’la Div.—Os, 1920
Equipment, 7s, 1895..
i‘03*Q N. Y.P.AO.—1st irtc.ac.,7s *
50
C.St.P.AM.-lst,0s,1918 114
St. L. Div.—1st,03,1921
114*4;
Gen. inert,, Gs, 1931..
9
Ohio Cent.—Income, 1920
10*a
N. Wis.—1st, Os, 1930..
2d, 3s, 1980
So. Pac. of Mo.—1st.. 101*2 102
Min’l Div.—Inc. 7s,1921
St.P.&S.C.—1 fat.Cs, 1910 ii5:\ :Vb" i
Nasliv. A Dec.—1st, 7s. 112*2
Tex. A Pac.—1st,Gs,1905
108
So.—2d
25
Ohio
inc., Os, 1921
Chic. AE. Ill.—lst,s.f.,cur.
95
97
j
S.AN.Ala.—S.f.,0s,1910
92
:j
Consol., Gs, 1905
Ogdens. A L.C.—111c., 1920
Chic.St.L. A P.—1st,con 5s
92*4
Leban’n- K nox—Os, 1931 *ibo”
50*2 PeoriaD.AEv.—Inc.,1920 4r
41
Incomo
A
Ld.
gr., reg
!j
1st, con., 5s, reg., 1932.
Louisv.C.A Is.—Gs, 1931 105
79
JI
Evans. Div.—Inc., 1920
lst,RioG.Div.,0sf19ir0
40
i 1 L. Erie
Chic. A Atl.—1st, us, 1920
90
AW.—1st, Os,1919
94*2 i Pennsylvania RR.—
PeoriaAPek.Uu.—Inc.,Os
100"
,v.l
II
90
Sandusky
Div.—Gs,1919
94*2 95*4!jRoch. A Pitts.—Inc ,1921 "46"
jj l‘a. Co’sgmr. 4 *2S,lst c.
A87 :! Laf. Bl.A M.—1st,(>s.1919
97
95 Vi Rome W. A Og.—Inc., 7s.
11
Registered, 1921
27
*
80*8
99, j|
05
So. Car.Ry.—Ihc.,Gs, 1931
09
Pitt.C.ASt. L.—1st, c.7s
87
i
1st,
reg.,
7s,
L.A
I.
M.*121
1900
St.
-1st,7s,
pr.i.a
M ort gage 7s, 1907
; 193^2
I N. Y.AM.B’h—lst,7s,’97
2d, 7s, 1913
2d, Os, int. accum’lative *118
1
Syr.Bing.AN.Y.—1-st,7s|
1124
A (’in.—1st, 7s.
(124 •:Marietta
>1
Pitts. Ft. W. A Ch.—1st 137
St’gl.ARy.-Ser.B.,inc.’94
Morris A Essex.—1st,7s, 1 o 1 '*4*
il Metr’p’lit’n El.—1st,1908
98 34 9!)
99 |!
|
2d, 7s, 1912
Plain incomes, Os, 1890. k
>133*8
37
2d, 7s,1891
|
'116
2d, Os, 1899
87 11
3d, 7s, 1012
Sterlin < M r. Ry.—Inc.,’95
|l
|
131
GO
Clev.
A
Pitts.—Cons,
j
s.t
I
"52”
GO "
133
bds
St.L.A.
AT.IL—Div.
{
4th, sink, fd., Gs, 1892. j
1
Tol. Del. AB.-Inc.,Os,1910
;i‘->j*4
102*2
;
St.L.V.AT.IU—lst,g.,7s *113
Dayton Div.—Os, 1910..
|
!
2d, 7s, 1898.
Tex.ASt.L.-L.g.,inc. 1920
Del.
98 |:
90’-2|
2d, guar., 7s, 1898
Gen. L. Gr.A Inc.—1931
7s,1891
112*4 112*2
Registered, 5s, 1931..
....' Pitts. B.A K.—1st,6.3.1911
92
**30*’
Tex.ASt.L. in Mo. AA.-2d
Consol. 7s, 1905
•
....
-
.
,
'
,
..
’
"
.
‘
.
^
-
,
.
.
....
*
No price Friday—these are latest quotations made this week.
t
Coupons
on since
1869.
Si
September
THE
8, 1S8S.J
CHRONICLE.
New York Local Securities.
;
i
Araer.
Exchange
AMI
100
1128
j
Chatham
Chemical
Citizens’
City
Commerce
Continental
i
-JOO
:
j
157
|800
i 120
;
102
!
Park
t
1
Pheuix
Produce*
.
.1 efferson
i
Knickerbocker
Lamar
113
Long Isl'd (B’klyn)
105
50
j Lorillard
25
Manufac. & Build.. 100
Modi. & Traders’
25
Mechanics’ (Bklyn) 50 1125
Mercantile
50
! 00
Merchants’
r
50
1 05
Mon tank (Bklyn.).. I 50
1105
Nassau (Bklyn.) ... i r.o : 185
National
I H7 1
85
N. Y. Equitable
I 85
145
N. Y. Fire
100
75
N. Y. it Boston
TOO
4
New York City
100
5
! 50
185
Niagara
North River
103
! 25
I 25
Pacilie
105
Park
TOO
no
Peter Cooper
20
145
! 50 no
People’s
i ’
Pheuix
50
;.>7
Belief
50
55
100 I 77
Republic
25
Rutger’s
i 1 15
Standard.
50
100
Star
100 ; ■ 55
100 j 50
Sterling
jioo
Republic
!
j 130 132
St. Nicholas*
j
t i io
Seventh Ward
:■
Second
! 100
Shoe & LeatJier
i 128 Hi
j
i *><)
State of New York*;
Third
100 I
Tradesmen’s
40 |
Union
50 1105
United States
100 '
Wall Street
50 ,100
100
West Side*
loo !
*****
-
......
City
Stuyvesant
Tradesmen’s
Williamsburg City.
Railroad
Slocks
j
11 5
187
82
145
05
00
70
180
200
85
70
115
05
112
1 15
185
04
100
150
00
160
30
0
10
150
108
170
no
iGO
117
140
00
82
120
105
05
00
120
70
182
il20
220
127
; 12o
200
1
!
| Par. i Amount. Period
!
i.
!
and
1
j a
Z
Date.
'I'
i ~
Bid.
Citizens’ Gas-L.
Bonds
.Harlem
(Bklvn
)
Bonds
Fulton Municipal
Bonds
?
100 j 1,000,000 M.&N J
100 i3,000.000
-i Ci
Ek x
100 3,000,000!
I 300.000 J. & J.I
115
77
110
105
282
189
no
1 17 Hi
100
00
95
i 30
1st mort
Br’dway it 7 tli Av- Stk.
1st mort
Brooklyn City—Stock
1st mort
100
1,000
100
1,000
10
1,000
Brhlway (Bkln.)—Stock.
Bklyn. Cros-stowm—Stock
1st mort. bonds
Busliw’kAv. (Bkln)—St’k
C’ent.Pk.N.it E. ltiv.-Stk
Consol, mort. bonds
Christ’pli’r&lOtli St—Stk
Bonds
DryDk.E.B.ifc Bat’y—Stk
1st mort., consol
Eighth Av.—Stock
100
3 00
1,000
300
200
1,000
100
1,000
100
500&C.
100
*
1st mort
42d & Gr r.d St.F’ry—Stk
1st mort
Central Crosstown—Stk:
1st mort
Houst.W.St.&P.F'y—Stk
1st mort
Second Av.—Stock
3d mort
COnsol
Sixtii Av.—Stock
1st Tnot’b
Third Av.—Stock
1st mort
-....
Twenty-third St.—Stock.
1 st mort
*
1,000
000,000 J. & .1.
09 4,000 J. & J.
2,100,000 Q.—J.
1,500,000 J. & 1).
2,000,000 Q.-F.
800,000 M.&N.
200,000 Q.-J.
400,000 Q.—J.
800,000 Q.—J.
500,000 J. it J.
1,800,000 Q.-J.
1,200,000 •T. it I).
050,000 F. & A.
250,000 J. it J.
1,200,000 Q.-F.
900,000 J. & D.
1,000,000 Q.-J.
•_ 03,000 J. it J.i
July,
5
cr.
i O
0
0
—
102
7
3
2
7
...1102
J ul v,
’88490
July,
’83:150
1888
2*2 July,
2
7
Dec., 1902410
2VAug., ’83410
1898
TOO
1,000
230,000 A. (tOj
000,000 J. it J.j
i April,
J u 1 v,
100
500
100
1,000
250,000
M.&N.!
1922
M.itN.!
'July,
July, ’83
April, ’85
Nov., '88
1
250,000
500,000; J. & J.
1,890,500 J. it J.i
150,000! A. it 0.1
1,000- 1,050,‘0001
100
750,000j M.&N J
1,000
500,000;.!. & J.i
3 00 2,000,000. Q.—F. !
1,000
’83
’93
’83
’84
’88
’93
’83
Allg.,
June,
July,
!
Juiie,
I May,
100
105
’83450
’88 144
July,
748,0(1*0 M.&N.f
Mch,
I
uly,
Allg.,
’83
’90
’83
’90
100
Jan.,
1,000
250.0001 M.&N. I
May,
’83
93
on
200
114
240
100
230
lit)
100
ji 03
! 90
’94 [110
2,000,000;J. & j.i
000.000 F. it A J
This column shows last dividend
■■’l July,
104
,
’83 23
July, 1900 408
Juiy, ’88 j 140 Hi
June, ’84 402
3*3 Aug., ’83,212
'
7
2
7
100
1,000
O *>
110
95
90
75
1 H)
85
185
no
83
80
June.
83 182
1888
100
8
[Quotations by II. L. Grant, Broker, 145 Broadway.]
Bl’cker St.it Fillt,F.—Stk
Ask.
25
20
...
Metropolitan (Bklyn.)...
Municipal
A n rr
Tint
402S,
...j......
!...,.
j......
110
new..
7s
.'
:
Oregon Sliort Line—Cs
110
80
50 V
93
90
Ogdensb.& L.Cli.—Con.Os
1 ncome
Old
Colony—7s
114
Rutland—Gs, 1st
L—1st, Os.
4 Hi'
5
...
Main line.:
STOCKS.
Atchison & Topeka
Boston & Albany
Boston & Lowell
Boston & Maine
Boston & 1‘rovidenco
84
j 179VLSO
I
rg.& cp.,V.
Del & Bound Br— 1st, 7s
East l’enn.—1 st, 7s, 1888
123
i Eastomt Amb’y—5s,
El &Wmsp't-l st,Gs,
1920
1910
5s, perpetual
Harrisb’g—1st. Os, 1883..
II &B.T
1st. 7s, g., 1890
Cons. 5s, 1895
'..
rthaea&Ath.—1 st, gld.,7s
J unction—1st, Gs, 1882.
2d, Os, 1900
Fell. V.—lst,0s,C.<.,’98
2d, 7s, leg., 1910
Cons. Os, C.& K., 1923..
N. O. Pac.—1st, Os, 1920.
No. Penn.—1 st, Os, ep.,’85
2d, 7s, cp. 3890
Gen 7s, reg., 1903
Gen., 7s, op.. 1903
Debenture Os, reg
Norfolk & West.—Gen.,Gs
Oil City»t Chic.—1st, Os..
Oil Creek—1st, Os, coup..
Pennsylv.—Gen., Os, rog.
Gen”, Gs, cp., 1910
Cons., Os, reg., 3905—
Cons., Os, coup., 15)05...
Cons 5s, reg., 1915)....
Pa. & N. V. C.—7s, 185)0.
7,1900
Perkionien—1 st, 0s,cp.’87
jlOi
01
02
43
j 40
13<!
Marquette.
Preferred
Fort Scott & Gulf—Pref.
Common
Iowa Falls & Sioux Citv.
Little Rock & Ft. Smith.
Maine Central
Manchester & Lawrence.
Phil
115
90
&Erio—2d.7s,cp.,’88
Cons., Gs, 1920
Cons., 5s, 1920
117**
88
90
120
180
122
120
132 Hi
124 Hi
102 Hi
118
121
ic:3*“
105
123
117
115
105 Hi
i.25*
122 Hi
119**
125*“
103 Hi
110 Hi 112
103 Hi 104
..
PhiJ.it R.—1st, 08,1910..
2d, 7s, coup., 1893
87 Hi
118Hi
124
Cons., 7s, reg., 1911
Cons., 7s, coup., 1911..
Cons., Os, g., 1.R.C.1911
Imp., Os, g., coup., 1897
Gen., Os,
coup., 1908
Gen., 7s, coup., 1908
Income, 7s, coup., 1890
Cons. 5s, 1st ser.,c.,1922
(’ons. 5s, 2d ser.,c., 1933
Conv. Ailj. Scrip, ’85-88
i*28*
25
20
*99 H; 100
I 120
......
75Hi
99 ^
Phi la. Newt. & N.Y.—1st
41
....
Fitchburg
:102
10...
Concord
Connecticut River
Conn. & Passumpsic
Cannot ton Valley
Eastern, Mass....
Eastern, New Hampsli,.
,
110
! 159
101
Cheshire, preferred
Cliic.it West Michigan..
Cinn. Sandusky & Clevo.
Pore
1115
iiioV”!!!
Dayton Division
Flint &
I Jelaware- Os.
,
Pueblo & Ark. Val.—7s..
Sonora—7s
T. Cinn. & St.
Income
118
& coup
7s, 1901
Connect’g Os, cp., 1900-04
Cor. Commit A fit..did). Os,
reg.
—
I 302
..
jjM Chat;
M., 10s, 1888
New 7s,
80
20
124
94 Hi
100 Hi
90
77
*89*
Debenture coup., 1893J
Deb. coup, off, 1893
97
Scrip, 1882
38
38 Hi
Con v., 7s, R. C., 18951.. i
Preferred.
!
Conv. 7s, coup, off, 1893
Nashua & Lowell
i
Conv. 7s, op.off, Jan.,’85
N. Y. & New England
24 H.
24
Phil.Wil.A Balt.—4s,tr.ct
Northern of N. Ilampsh. Ill
Pitts.Cin.&St. Ij.—7s, reg
Norwich & Worcester
152
150
Pitts. Titus. & B.—'7s,ep.
Ogdensb. & L. Champlain
& Potts.—7s
Old Colony
138
j Sunburv & Erie—1st, 7s.
Portland Saco &. Portsin. 112 !
iSnnb. liaz. & W.—1st, 5s
Rutland—Preferred
14
2d. Gs, 1938
Revere Beach & Lynn ...
!svr.Gen.& Corn.—1st, 7s.
Tol. Cinih & St. Louis
1 *4
j
-L's( jpTnion & Titusv.—1st, 7s.
Yerm’t & Massachusetts 133
[
[ United N. J.—Cons.Os,’94
Worcester & Nashua
01
Cons. Os, gold, 15)01
18
Wisconsin Central
171
j Cons. Gs, gold, 1908
Preferred
29
! (ten., 4s, old, 1923
Marq. ilouglit’n&Onton
91
77
02
90
100
**0*2*
--—
92Hi
...
*9*i*
..
j
94
lOO3*
118
i‘27*
25
]
...
2.000,000 Var's
5
I May, S3 1 12
J,200,000 Var’s’! 3 i.) utv. ’83 70
1,000 ! 815,000 A.& O. 3'-j April, ’88 105
50 1,850,000 F. & A
Feb.
’88 105
8
20 j
Jersey City & Hoboken..
750,000 .1. & J. 7Ja July, ’83 1 .).>
Ffanliattan
50 4,000.000 .1. & J. 5
,J une, ’S3 280
100 2,500,000 M.& S. 0
Metropolitan
187
Aug.,
Bonds
!
500 1
750.000 F. & A. 8
4 05
Mutual (X. Y.)
!
100 8,500.000 Quar.
2 Hi juiV. ’83 110
Bonds
1,000 1,500,000 M.&N. (!
1902
104
Nassau (Bk!\ n.)
25 1,000.000 Var’s
3
Sept., 82 50
Var’s !
Scrip
83
700,000 M'.&N.: 8Hi Mav,
90
New York
100 4.000,000 M.&N. 5
88 125
May,
10
People’s (Bklvn.)
70 4 5
4,000.000 .!. & .).! 3 Hi Jan:,
Bonds
1.000 ! 875.000 M.&N. 3Hi Mav,
83 100
Bonds
Var’s I
125,000 Var’s j 3
5<0
April,
Central of New York
50! 400,000 F. & A. 1 3
83
S5
Fib.,
50 !l ,000,000! Quar. j 1 Hi Feb.,
82
Williamsburg
70
Bonds
j\ ])iil,
1,000 1,000,000, A. & O. 3
88 105
Brooklyn Gas-1.1edit
Easi’m, Mass.—Os,
!
24
24
112
-ijChart’rs V.—1st,
I'vSsh jSliamokiuV.
Bond?.
[Gas Quotations by Gr.o. 11. Pkk.ntiss it (*<>., Brokers, 11 Wall Street.]
OAS COMPANIES.
110
N. Mexico & So. Pac.—7.s
108
j 120
05
25
25
10
50
lTnited States
Westchester
J.
California Southern—Os..!
;
Cons., 0 p. c
I
-ijCiun. & Burl. Co.-Os,’97.
-! Catawissa—1st, 7s, con. c.
|2i)0
11 15
05
no
55
104
no
2d, Os, 1904
-M
•
..
Afk
not
ill)
-
•
Ncbraslca, (is
Ex. j
Nebraska, Os..
...I
Nebraska, is
Conn. & Pussimipsie—7s
ConnotUm Valley—Gs :...!
5s
;
:
Bid.
j! Buff.Pit ts.it W.—Gen ,0s
(iCani. & Anibov— Os, c.,’89
.j Molt., Os, 1889
j
jCani.v& A; 1.—1st,7s,t.,’93
1
Boston & Lowell—7s......
Boston & Providence—7s
But1.& Mo.—lul. gr., 7,s j
SECURITIES.
•
jo05
;i45
Ask.I
>
Laud grant, 7s
113
Atlantic & Pacilie—Os ...'
income
1...J
Boston & Maine—7s....W
Boston & Albany—7s
!
Fort Scott & Gulf—7s
I 112
K. City Lawr. & So.—5s. J 102
K. City St. Jo. & C. B.—7s
I.ittleTt. & Ft. S.—7s, 1st
70
Mexican Central—7s
I
59A>
N. Y. & N. England—Os..I
91 b*
(200
•7S
75
1
120
104
no
105
140
105
172 Hi 175
145
85
80
120
1105
..
98
120
...
50
(Ins ami
HO
20
40
100
Kings C’ntv (Bkn.).
_■
! 100
200
00
j 00
110
1110
182
75
187
57
85
OO
125
11 Hoffman
I Home
100
50
!j Howard
ij Importers’A Trad’s’ 50
I rving
100
124
if 2
135
100
i
i
;
{ llanover
1
oo
1113
i *0
| OO
1115
j 1 oo
j 140
111!)
i
10
J! Hamilton
150
j 115
100
100
50
50
25
0
100
15
5
50
50
.
.
!| Greenwich
(! uardian
!
German American*.!
I')
97
German Exchange*: 100
Germania*
100 loo
:
Greenwich*
27, 1
Hanover
! 100 4 50
Imp. & Traders’
1 100 250
Irving
! f>0 158
Leather Mannl'Ts’.. 100 100
148
Manhattan •
50
15.i
Marino
! 100
' 100 135
Market
Mechanics’
25 149
i
Mechanics’<& Trads’1
25
i 100 no
Mercantile
Mere n ants*
i
50 iso
Merchants’ Exch...}
95
50
Metropolis*
1 100
Metropolitan
1 100
Oriental*
P&citic*
Firemen's
Firemen’s Trust
Franklin & Enip._
Globe
}
New York
New York County
N. Y. Nat. Exoli
Ninth
North America*
North River*
( vo
80
HO
50
17
ii German-American
I; Germania
i...
Garfioid
! 100
240
'j Exchange...
Ij
i
; 28
'
! 100
i 100
.! 100
100
t
100
70
30
25
,
50
!225
100
i
|350
Murray Hill*
! 40
Pkn pi re City
i
100
Nassau*
I V:»
j200
120
! 00
:2 40
......
100
i
Fourth
Fait on
Gallatin
Peoplo’s*
j Eagle
;:
ji 07
110
::h
Continental.
■
122
|
.
j (Commercial
liiiton
'
11 75
Too
17
20
.70
100
50
00
j Citizens’
;! City
;
\\1
-08
50
105
;
■
ji40
12510
| HO
150
■
! 1
25
;! Brooklyn
•
j 100 |162
Exchange*
Eleventh Ward'
Fifth
Fifth Avenue*.'
First
180
1124
!*l>.o
100
...
Ask.
11 10
H 05
Bid.
BOSTON,
Atoll. &. Topeka—1st, 7s.1 119
PRICE.
i Bid.
!
50
Bowery
midway
MO
25
100
3 00
25
100
25
300
100
101)
Central
Chase
Par.
American
Amor. Exchange
230
205
Broadway
Corn
1 5s
i
100
...
I
COMPANIES.
Bid. ' Ask.';
I
not National.
America*
PRICE.
I
Par.
arc
SECURITIES.
I
C'Cni I*ANTES.
Marked thus (*)
Quotations in Boston, Philadelphia and Baltimore.
Insurance Stock List.
[Prices by E. S. Bailey, 7 Pino St.]
Hunk Slock Hist.
263
205
103
107
240
no
270
no
155
no
20
112 Hi
150
10.3
215
no
200
i 12"
147
118
115
270*
BA 1 BROAD
STOCKS, i
Allegheny Valley
Boll’s Gap.
Buffalo N’. Y. & Plnl
Preferred
Camden & Atlantic
Preferred
Catawissa
llnntingd
n
&
l’referied
108 la
250
115
280
IT 3
1 05
113
stocks, but date of maturity of bond:-.
50
.!
41
*75*
35
85)
70
01
04
Buff. N.Y.&
Mort. UK., reg., 1897
(’ons., 7s, reg., 1911
Greenw’d Tr., 7s, reg...
Morris—Boat, Loan rg.,’85
..
Pennsvlv.—Os,
ep.,
24 H
30
1 102
3893.! 107
85
1910..
...
'
JlO'JH:
91
9014
2d, Os, reg., 1907
BALTIMORE.
Parkersburg Br
192Hi 195
RAILROAD BONDS.
Atlanta & Chari.—1st
I lie
Balt.&Oliio—0s,’85,A.&O
Chari. Col. & Aug.—1st..
2d
:
Columbia& Greenv.—lsts
2ds
126
123
120
8Hi
50
9*4
64®a
13
51
62 Hi
I,
106 Hi 107 Hi
78 Hi*
104 Hi
100»4 IOIHi
11 \
79
N.W.Va.—3d, guar.,J&J.
Pittsb.&Con’ells.—7sJ&J
No.Central—Os, ’85, J.&J.
...
75
3 01 Hi 102
113
I
120 7s 121
Schuy'lk. Nav.—1 st,0s,rg,
Pittsburg & Connellsvillc
Os, 15)00, A.&O
Gs, gold,1900, J.&J....
Ceil. Ohio.—Os, lst,M.&8.
17
W.Md.—Os, 1st, g., J.&J.
1st, 1890, J. & J
120 Hs
2d, guar., J. & J
2d, pref
30
2d, guar. byW.Co.,.T.&J.
Os, 3d. guar., J.&J
Mar.&Cin.—7s, ’91.F.&A.
95
Phil.—1st,Gs
2d
M&N
8s, 3d. J. & J
Union ltlt.—1st, gua.J&J
Canton endorsed
Virginia & Tenu.—Gs
....
8s
Wilm. C. & Aug.—6s
Wil. & Weldon—Gold, 7s.
Cons. Os. 19 21
1st, Tr. 6s, 1922
Ex-dividend.
|
17 T
108
195)
2d, 7s. 15)08
*
BONDS,
Northern Central
50
Western Maryland—50
Central Ohio—Com
50
...;
2d. Os, 1885
3d. Os, 1887
Bell’s Gap-lst, 7s,
1 st, e’s, i5)05...
Consol.. Os, 1913
CANAL
G7
58
00H?
West Jersey & Atlantic..
CANAL STOCKS.
Preferred
RAILROAD BONDS.
A1 legh. Val.—7 3-10s, ’96j
7s. E. ext., 1910
Inc. 7s. end., coup., ’94!
Belvid’e Del.— lst,0s,1902
Os, P. B., 1890
Gen., 7s, coup.. 1901
It A IT.It’D STOCKS. Par
Baltimore & Ohio
100
1st pref.
2d pref
Phila. Ger. & Norristown
Pliila. Newtown & N.Y..
24 Hi
Phila. & Reading
Pliila. & Trenton
Phila. Wilni. & Balt
*02*
Pittsb. Cin.& St. L.—Com.
United N. J. Companies.. 191Hi
West Chester—Cons. pref.
West Jersey
I 48
Pennsylvania
j
02
Allotments
Philadelphia & Erie
.
58* j jOhes. & Dele—1st, Os,1880'
'57
! Lehigh Nav.—Os.reg.,’84. |
5* i
57
Pennsylvania
Schuylkill Navigation
212
.57 Tj
Nesqnelioning Valley....
Norfolk & West’n—Com.
Preferred
Northern Central
North Pennsylvania
-ji
.)
09
1’referred
Little Schuylkill
Mineliill & Sell. Haven...
iiio*
iV'i^
50
23
Lehigh Valley
Lehigh Navigation
108
■4
A.
"Broad Top
j 117
115
It 9
*12*
.
1 st preferred
2d preferred
Delaware & Bound Brook
East Pennsylvania
Elmira & Williamsport..
Preferred
liar. 1*. Mt. Joy & Lanc’r
90
j Warren & F.—1st, 7s, ’90
j West Chester—Cons. 7s.. 1*1*5*
j \V. J ersev—1 st, Os, cp.,'90 115
i 1st, 7s." 1899
113 Hi'
! Cons. Gs. 1909
12- V i W.J ersey & A i 1 .—1 st.Gs.C. 107
24
!! Western" l’enn.—Gs, coup.
PIITliA DELPIIIA.
1 Per share.
t In
default.
122
102 34
116
108
110
112
111
114
140
40
115
101
120
108
118
§ Ex-righta.
50
CHRONICLE
THE
264
RAILROAD EARNINGS.
railroad earnings and the totals from Jan. 1 to
latest date are given below. The statement includes the gross
earnings of all railroads from which returns can he obtained.
The columns under the heading “January 1 to latest date” fur¬
nish the gross earnings from January 1 to, and including,
The latest
the
Roads.
Week
or
1883.
Mo
Jan. 1 to Latest Date.
Reported.
$
73.301
,1682.
1883.
18S2.
*
*
$
61,040
423,586
547,604
7,842.028 7,954,351
1,622,898 1,632,943
3,335.922 1,410.613
1,594.300 1,458,449
735.268
799,130
13,568,125 14,232,619
Ala.Gt.Southern; July
1,167,937 1,117,003
Atcb.Top.it S.Fcj July
49.225
48,425
Bur.(‘ed.R.A No. 3d wk Aug
16:>,000
78,000;
Canad’n Pacific | ith wkAug
165.9141
171,800
Central of Ga... j July
120.333
97,5501
Central Iowa.... August....
2,023,000 2,070.648!
Central Pacific.] July
I 335.208 316.7871 2,132,067 1.715.906
Chesap. & Ohio.; July
217.894! 5,382.704 4,993,148
230.037
Chicago & Alton 4ih wkAug
1,824,7.'5 1,625,000 13.229.908 10,780,621
Chic. Bur. & Q.. July
46.878
49,773 1,072.612 1,134,501
Chic. & East. Ill 4111 wkAug:
1.800.408 1.292.284
40.984
61,187
Chie.&Gr.Tnmkj Wk Aug.25]
14.370.000 12,147,354
566.182
638,000
1th
wkAug
Chic. Mil.&St. P.l
900.600 15,512,815 14.386,798
997,100
Cldc. it Northw. ith wkAug
165,000 3,263,599 3,010,323
178,000
Ch.St.P.Min.itO. ith wkAug
962,674
908,680
30.872
25,573
Chic. & W.Mich. 3d wk Aug
53,555 1,512,317 1,569,318
56.404
Cin.Iud.Sr.L.itC. 3d wk Aug
223,168 1,384,43 > 1,403,535
228,358
Cincinnati South1 July
910,165
40.313
40,22- 1,036,385
Cin. Wnsb.it Balt 1st wk Aug
317.603
345,693
17,454
16,917
Clev.AkronA? Co!| 1th wkAug
329,1561 371,007 1,874,463 1,871,190
Clev.Col.C.itlnd June
32.444
July.;
TioptHd ton Vnl
120.450
110,241
19,974
22,648
Danbury <fe Nor. July
193.100
213,700 4,178.500 4,167,599
Denv. <fc Rio Gr. 4th wkAug
482,600
34,500
Denv.& R.Gr.W. 4th wlcAug
8.246
216,511
184,426
8,682
Des Mo.it Ft. D. 3d wk Aug
979,502
954,788
30,610
26,631
Dot. Lau. it No.. 3d wk Aug
659.363
0 44.457
21.4 14
2o,681
Dub. <fe Sioux C. 3d wk Aug
2,111
190
2.276,095
278,438
3
wks
304,301
Aug
Easterly
ISO.241
2,374,636 1,833.659
226,562
E.Teun. Va.AGa. 3 wks Aug
251,137
63.435
380,062
51,666
Eliz. Lex. it B.8.|July.
83,753
95,476
Evansv. <fe T. H. August
46.457
36.285 1,578,503
1,308,712
Flint & P. Marq. 3d wk Aug
250,828
247,855
8.281
7,539
Flor. Cent. it W. 3d wk Aug
246.747
295,522
6,950
5,724
FI or. Tr. & Pen. 2d wk Aug
8,000
Ft.W. & Denver. 2d wk Aug
337.559 11,086,704 10,24 4,157
349.460
Wk Aug.25
Grand Trunk
249.3 45
237,184
1 1,074
11,204
Gr.Bay W.itSt.P. 4th wkAug
679,w83
1 46,162
97,964 1,149,417
GulfCol&San.Fe 3 wks Aug.
84,792 1,611 319 1,397,000
91,750
Hannibal it St..b ith wkAug
143,67 f
163,611
21,348
24,116
Hotis. E.&W.Tex July... •
169,700
175,524 4,010,884 4,267,959
IllinoisCen.(Ill.) 3d wk Aug
34.573 1,1-1.473 1,152,2 71
38,200
Do
(Iowa) 3d wk Aug
2,379,302 1,956,650
59.21 5
68,600
Do So. Div. 3d wk Aug
78,476 1,924,843 1,634,001
88,563
Iud.Bloom.it W. 4th wkAug
39,718
29,586
K.C.Ft. S. «t Gillt 2d wk Aug
603,127
652,671
137,440
157,723
K. C. Law. it So. Jul v
65,142
63,729
L. Erie & West’ll 4th wkAug
236,152
14.790
294,077
16,593
L. R. it Ft.Smith 2 wks Aug.
142,856
215,660
9,078
11,298
L.Rk.M. Riv.it T. 2 wks Aug.
89,2 17 1,829,691 1,688,88:.
95,191
Long Island.... 4th wlcAug
208,600
301,300
34,59a
50,980
La. & Mo. River. J tine
415,590 352,826 8,745,5 sj 7,915,804
Louis v.«fe Nash v. ith wkAug
769,171
514.509
3!>, 4 13
39,115
Mar.Hongh.it. O. 3d wk Aug
622,139
728,709
26,152
21,396
Memp. it Chari. 3d wk Alla
1,003.896
27,111
Mexican Cent.. 2d wk Aug
165,920
6,130
No. Div 3d wk Aug
Do
477,769
12,430
Mexican Nat’I.. 3d wlc Aug
518,324
643,350
23,103
32,150
Mil. L.SI1.& West 4th wkAug
678.814
785,749
142.293
128.875
M1m1.it St. Louis June
4,858,325
326,289 5,830,811
351,441
Missouri Pacific. 4tli wkAug
533,663
910,912
60.221
38,581
Central Br’cli. 4t h wkAug
124,592 2,333,975 2.012,234
115,791
Int. it Gt. No.. Ith wkAug
250,660 4,618,499 3.755,0-3
256,925
Mo. Kan. it T\. 4th wkAug
255,285 4.812,000 4,422,803
265,038
Bt.L. Ir.Mt.it S. 4th wkAug
165,349 3,920.853 2,904,792
196,235
Tex. it Pacific. ith wkAug
Whole. System ith wk Aug 1,245,651 1,160,759 22,427.050 18,546,901
137,475 1,256,005 1,151,596
157,950
Mobile '.t Ohio.. August....
1,167.818
186,495 1,297,457
195,468
Nash.Ch.it St. L. July
298.441
1,937,886 1,830,923
309,289
N. Y.itN. Elud’d July
55 4,68 1
376,680
89.1 d'9
68,022
N. Y. Susq. it W. July
204,896
179,562 1,633,518 1,396,056
Norfolk it West 28 dvs Aug
58,204
90,169
Shenandoah Y August...
484.534 3.419. i 36 3,072.245
474,524
‘
Northern Cent. J Julv
i i / 0 *1
4,080,599
368,50!'
234,585
Northern Pacific 4th wkAug
54,800
58,100
Ogdensb.it L.Cii. June
627.572
663,191
36.866
1th wkAug
38,158
Otiio Central
262,167
230,969
8.601
11,301
Ohio Southern.. 4tb wlcAug
Capital.
Banka.
Mechanics’
Union
America
Phoenix
City
Fulton
Chemical
1.000.000
1,000,000
Merchants’ Ex..
...
.......
j
........
-
300,000
200, one
200,000
Butchers’# Dr
Mechanics’ & Tr
Greenwich..
Leather Man’f’s
Seventh Ward.
3tate of N. Y...
American Exch.
Commerce....
Broadway
Mercantile
Pacific
000.000
300.000
800.000
5,000.00b
5.<i00.000
1.000.000
1,000,000
422.700
1,500.000
Republic
450.000
200,000
700.000
Chatham
People’s.
North America.
Hanover
1,000,000
500.000
Irving
Metropolitan
3,000.000
000,()!<0
500,000
500,000
...
Citizens’
Nassau
Market
St. Nicholas..
2,8-7,300
2,270,600
2,601,000
4,533/00
.
Chase National.
Fifth Avenue...
German Exch. .
Germania
(I. S. Nat
Lincoln Nat
Si
$
405,000
soojooo
281,700
777,200
24f),800
45,000
2,600
534,500
16,400
930,800
00,000
701,000
!
216,000
45,000
5,100
90,000
387,000
2,165,200
269,400
2.466.300
2.460,4(0
r,8f'6.ooo
3,365.000
433,800
51.200
3,514.000
4,60.0
450,000
208,0001
198.00')!
450,000
6,475,400
273,000;
278,90()|
1.800.600
203,000
4,016,0 0
1,112,900
1.236.700
93.400
178,000
22.260,700
22.767.100
1.784.500
1.4-7,'00
74,0. O
88-.100
126,600
8-0,000
610,000
826,10(3
270,COO
1,327.40045,000
22 3,700
360,090207,000
45,000
600,0 O
1,205,3(30 16,598,50)
1,172,000; 7,902;000
312,000
3,79 >,<'00
30-.SO )j
5.6",4.0 K>
606.400 15,127,<S')0
3.454.500
021,200
470.5001
7S,9()0
181,500*
47 6,800
40 000
107A0
1,401,401)
373.500
225,000
180,000'
2,162,800
5,817,900]
45,000
5,:3i,000
1,8 h).200
440,800
45,000
180,000
2,078.400
2,ol<t,o: 0
2,034.700
112T300
T- 2,100
80.500
97.000
270,bbo
1; 119,800
1.826.800
1,062.100
510,1-00
7.i,800
579 100
80,300
206.000
240.200
47u,7ou
1,182 300
227,200
4.897.700
104.000
257, OnO
18,800
1,690,6)0
-
1,100
258,600
150.100
2,042.0o()
2,42.3000
4, -.60.000
2,002.760
1 754,200
1,7-.1,700
5,185,500
1,580,4 00
780,600
337,100
191.1 00
61.162.700 325,880,60') 59,951,200
Total
tion.
219.700
710.000
540,0()()
4.902.700
4,05 7,700
270,200
22,i 00
1,531,000
1,171,300
16,144,500
7,460,000
3,316,000
5,058,600
14,360,600
4,006,100
1,45 ’,700
2,002,700
200,000
Gartield Nat....
Circula¬
503.500
82,800
10,130,400
18,670,00 1
], >42,000
250.000
200.000
75 >.000
3 >0,0(30
100.0,00
200,0(30
200,000
500,000
300.00()
the
106.200
573.500
1,443,000
5,776,000
2,:-23,300
3,690,000
2,000.000
Central Nat
300.00C
Second Natlon'l.
750.000
Ninth National.;
500.000
First National..
Third National.! 1,000,0 <c
300,000
N. Y. Nat. Exch.I
jerm’n Am’c’n
Tenters.
$
2,394,100
500,000
Bowery Nut’nal.,
N. York County,
Net tep'ts
other
than U. S.
Legal
Specie.
763,000
8,657,000
0,520,000 V 03,000
846,000
5,6; 3,000
370,' 00
7,541,000!
6.709.100
630.1 00
7,(52,300 1,558.000
7,157,000.
807,000 1,048,00(3
8,050,0001
3.696,200
1'.'7,600
4,202.2001 1.222.700
525.100
8.282.500
10,678,300! 1,6 12,7(30
3,(46.000
8'9,000
Il3,5u0
3,208,000
552.000
8,6-2,7(30
7,165,5001 3.432,300
424.700
85,0(30
2,023,200
3,116,0001
487.400
01,200
78,3-JO
■,503,300'
473,260 14.958.100
I4,352,y<i0 4,020,700
431,000
3,13 t,800
474.200
3.415.500
124,0(3.)
355.500
2.503.700
4.643.500
61.500
1.594.800
340,7'UO
1,856,000
184.(300
87,000
l,098,0i :0
13330,000
9-5,009
10,4. :0
143,700
1.051,600
366.400
312.400
2,30 -,600
3,08",('00
138.400
1,08-,0<30
145,900
06,700
238.100
808,800
4,015,700
8,500
882,000 1,712,000! 10.334,0(30
13.423,000
13
360,400
16,503/00 3.938.500 1,855.8(30
316,01 O'
4,276,000
681,000
5,750,0(30
569,100! 6.838.100
6,601,000 1.306.200
2 458,600
147.400
316,300
2,444,200
2,008,600
512.400
228.500
4,720,400
353,000
676.500
3,076,100
3,5o2,f00
155,000
130.200
1, 00,200
1,477,“ 00
438.500
2,092,500
420.300} 3,321 ,i00
9.4-5.000
8,732,000 1.271.200 1,138,800
466.200
430,100!
2.815.500
2.8.3.500
8.478.300
1,813,10(3
507,000;
12, '06,600
202.500
2.3 0,200
335.400
2, 09,100
500,000
Shoe & Leather.
1,000,000
Corn Exchange.
1,000,000
Continental..
300.000
Oriental
400,000
I
Marine
1.500,000
Importers’ & Tr.
2.000.000
Park
SOU.000
Wall St. Nat
I
240.000
North River. ...|
250.000
i
Fast River
Fourth Nat’nal.J 3,200.d00
624,300
25.207,800 315,7o9,l)U0 15,636,300
of previous week are as follows:
deposits
Dec. $1,538,000
Specie
In-.-.
12 ,900 Circulation
Lnc.
17,700
Leg.il ten .ers
104,20) j
Dec.
The following are the totals for three weeks :
Tiie deviations from returns
Loans and
Dec. $1,715,000 I Ne"
discounts
Sept. 1
*
...320,449.700 61.236,700 26,549.500 323,621.200 15,545/00 862.805.268
327,505,' ()0 5''.829.300 25.312.000 317.277.a00 15.61-.6J0 630,77-4,6:2
325,.-89.600 59,951.200 25,207.800 315.734.000 15,636,3)0 645,021.546
Boston
Banks.—Following are the totals of the Boston banks:
A
ug.20..
“
27..
Sept. 3..
i
<g>
£
145,637.100
5,27>),97)0
5,210,300
5,173,100
4.362,500
4.360,490
4,213,300
114.26-.400
143,730,01)0
Including the item
*
‘
_
Lawful Money.
Deposits.
*
*
*
Uig.20
79,142.140
27
7S.542.102
77.756.113
•
'
49,902.152
Philadelphia banks
'
Loam.
1883.
!0j)t. 3
*
04.528 307
53 24 .196
banks.”
due to other
follows:
*
28,8’5.700
28,078.900
27,803.3)0
86,084,000
sO.055,000
81.320, iOO
Philadelphia Banks.—The totals of the
ire as
Circulation. Ago.Clear
Deposits.*
L. Tenders.
Specie.
Loans.
1 QQri
*
*
f
*
*
.
.Clear.
Deposits. Circulation.
L. Tenders.
Specie.
Loans.
1883.
An-' IS
25
........
......
300,000
Gallatin Nat..
........
.......
1,000,000
000,000
Tradesmen’s....
the
Average amount o.r~
Loam ana
discounts.
$
2,000,000
2,050,000
2,000,000
2,000.000
1,200.000
3.000,000
1.000,000
1.000,000
New York
Manhattan CoMerchants
........
........
13,:-i
1,:-.
New York City Banks.—The following statement shows
condition of the Associated Banks of New York City for
week ending at the commencement of business on Sept. 1:
period mentioned in the second column.
Latest Earnings
[VOL. XXXVII,
Circulation.
Ago. Clear
9.C8S.787
9.205.67 i
60,40').4til
*
68.816,8)0
17.391.3U
67.66:).1')0
16,8)2.9 3
53/ 68.804
51,(60,' 57
0,-c 73.851
68,049.173
Unlisted Securities.— Following are quoted at 33 New Street:
17.452,503
x
Bid. Asked.
Biel. Aslccd.
North Pac. div. bonds-. 5)3
1,518.502 Am. Railw’y Imp.Co—
288.696: 1,817.619
358,217
2,726,299
No. Rlv.Const.—lOop.c 90
432.327 2,785,148
92 Lj
461,350
Ex bonds and stock
Oregon R.itN.Co July
O
N. J. & N. Y
1.130.950 4,149,150 23,483.529 26,799.997
July
Pennsylvania
Atl. & Pac.—Us, 1st
41
487,594
423,725
Oliio C.—Kiv. Div. 1st. 39Rj
19,215
16,699
Peo. Dec. it Eve. 3d wk Aug
Incomes
6
Incomes
377.206 2,272.270 2.102,370
5*2
329,032
Plucks 755 per cent. .108
Philadelp.it Erie July
117
2.979,09 1 2.026.459 13,944,954 11,557.955
Oregon Sh. Line deliv¬
Phila. & Read.* Juiv
Cent. Branch
87
95
28 Ri
25
ered when issued
Do
C. it Iron July
1,439,747 1,422.331 8,611,55 4 7,094,724
Accum’d I’d gr’t bds
116
Subs. 90 p. e
151,500 2,185,386 2,051 ,-98
149,500
Richm.it Danv.. od wk Aug
Am. Safe Deposit per4 62,737
394,185
Subs, ex-bd. & st-i... 44
17,592
18,340
Ch’ICol.itAug. 3d wk Aug
p tual deb’ure bds.100
20
388,902 Bust.H.it
Pensac. it Atl
121,538
t7.698
17,140
*8
Columb. it Gr. 3d wk Aug
E.—New st’k
822,438
73
946,593
-1st mort
60%
6934
117,255
125,284
16
Va. Midland.. 3d wk Aug
Old
190.086
123,696
15,162
13,150
West No. Car. 3d wk Aug
Buff. N. Y. & Phila
] Pitts. & Western
19
148,287
141,956
Rome Wat. it. ()ir July
Pref
1st mort
I
83,361
92,260
18,415
43*2
....
22,742
!
Rich.&D.Ext.subs.TO*
St Johns it L.Cii. May
Chic it Atl.—Stk
16
853,175
839.931
Eoch.it Pi tt-s. cons.,1st 90
37,030
90
28,744
Bt. L. A It. it T’.Il 3d wk Aug
do beneficiary stk
518.121
496.657
Rutland EE
17.960
19,526
Do
(brclis.) 3d wk Aug
1st mort
227.828
237.068
Pref
10,011
8,861
Bt. Louis it Cairo 3d wk Aug
Contin’tTCons.--85p.c
St. Jo. & West
133,833
139,813 2,346.512 2,214,099 Chic.itGan. South
Bt.L.ifeSan Fran. 4til wkAug
l7s
621,771
£02,047
34.856
44.142
St. Jo. & Pacific 1st.
79
Bt. Paul it Dul.. 4tli wlcAug
Den.it R.G.R’y—Cons. 76
do
228.680 5,154,486 5,2*6,089
do
2d
187,000
17*2
Bt. P. Miun.it M. 4rh wlcAug
Denver Rio. G. & West 10
306,285
327,455
83,617
Runs. & Neb., 1 sr
....
88,652
Bo. Pac.Cal. N.D A pi il
1st mort
369.816
do
do
2d
1,358.784 I 1,338.331 Denver & N. Orleans
364,689
Do So. Div. J Anril
909,341
802.448
248.644
214.742
Tcx.1tC0l.Imp.—OOp.o
Do Arizona L April
Subsidy scrip
224.030
250.412
74,726
ex-bd
8
....
250
64,857
Do N. Mex+. April
Edison Elec. Light....
285,961
289,944
45,462
Trx. it St. L
47,526
Scioto Valley... July
Ga. Pac. R’v., 1st 111.. 81
646,783
703,309
75.044
68,461
1st mort.,M.&A.div. ....
....
South Carolina (July
Gal. Har. it S. Ant
72,01)0
80,975
do
2.
Iucomes
46
T0I.A11 Ar.iV G.T. June
42
I. B. it W. inc. bds
4 8,600
29,781
Sabs.
Tol Cin. it St. L. 1 tli wkAug
Keel v Motor
ex-bonds
14
16
2,052.000 2,770,000 18,332,960 18,850,224 L it N.col.trust bds ’82 78’q
Union Pacific... August...
774 513
574.480
131.237
79.829
bonds in Texas
Utah Central... June
Mexican Bonds— 3p.c.
241,533 Mexican. Nat
26.633
262,286
29,304
Vicksb’rgit Mer. July
gra’t&inc.bdsin Tex
....
47g
625.571
4 th wk \ 115*
Texa- Pac. inc. scrip
634,546
39
....
38
Wab 8* L «t P
1st mort
580,128
164,88$
656,005
U.
S.
Elec.
178,147
100
West Jersey
Light (x-d.)
July
.'
Mich.&0.— Subs.85 p.c
26.28.
Vicksb’g it Meridian .3
4%
Wisconsin Cent. 3d wk Aug
M.IT.St’k Trust Certs.. 15~S
Pref
N. Y. VV.Sli.it Buff.—Stk
Since June let in 1883 includes earnings of Cent. RR. of New Jersey
1st mort
101
35
del.wh.iss.on old sub 29
Freight trainings.
j Included in Central Pacific earnings above.
2d mort
74
Oregon it Cal...
Oregon Imp. Co.
June
June....
79,573
436.212
..
O
..
....
-
.
•
•
-
•
•
•
...
'
<
....
-
....
....
.
-
•
•
.
....
—
.
•
„
....
_
.
,
....
.
.
,
*
v.
Includes Maine Cent, dividend of $54,345
in 1883 and $36,230 in 1882.
5s
..
September 8,
THE [CHRONICLE
1883.1
24569778811
the condition of the
Jluueslmcuts
Pennsylvania Railroad’s earnings in June
July, when the net receipts were less encouraging.
If there is depression in business for any length of time,
and
AND
STATE, CITY AND CORPORATION FINANCES.
The Investors’ Supplement contains’
265
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; charge to all regular subscribers of the Chronicle.
Single copies are sold at $2per copy.
a
there
should also
be
a
moderate
decrease
iu
earnings, which usually fall off in such periods.
to
the
statistics
in
Poor’s
Manual
the
total
passenger
According
passenger
the
United
earnings Gf railroads
in
States
were
i $124,637,290 in 187S. against $140,999,081 in 1874, a
j decrease of about $16,000,000 after four
years of business de¬
i pression, although there were nearly 10,000 miles more of road
operated in 187S than in 1874. The passenger earnings and the
total gross earnings, including passengers, freight, &c., in
In the last volume of the Chronicle articles were published eleven years past, are stated as follows :
Miles
in the numbers of January 20 and May 26 showing the amount
Passenger
Total Gross
Operated.
Earnings.
Earnings.
of money loaned, out on stock and bond collaterals bv the Trust
:..
57,323
$139,309,270
$165,241,055
*■
66,237
137,384,427
526,419,935
companies and Life Insurance companies in New York City, j
69.273
140,999.081
520,466,016
*.
71,759
The Public now has an article on the same subject, presenting i
139,105,271
503.065,505
73,508
136.120,583
497,257,959
the figures of the Trust companies up to July 1, 18S3. The
74.112
125,201.724
472,909,272
78.960
121,637,290
499,103,351
conclusions are substantially these: Loans on stock and bond
82,223
142.336,191
525,620,577
collaterals Jan. 1, 1883, by National banks in New York City, 1880..
84,225
147.653,003
615,266,730
1S81
94,480
173.356.642
703,290,151
$90,000,000; by five leading Insurance companies, $45,000,000. j 1882
107.158
202,140,775
770,356,762
On July 1, 1883, by Savings banks, $7,000,000: by Trust com¬
It may reasonably be urged, on the other hand, that the
panies, $98,000,000. Assuming that there were no changes from earnings of last year were large, and that the railroads in
January to July in the*National banks and Insurance companies, many cases had a good surplus ; that the general business of
the total cash loaned out on stock and bond collaterals by the ' the
country has expanded by immigration, new settlement, etc.;
corporations above named would be in round figures, $240,- | and that the price of iron and other materials is lower, thus
000,000 on the first of July, 1883. But this is probably too ! reducing the expenses. This is all true, and should receive full
small, as the Trust companies (which make reports to July 1) i consideration, and there is no probability that railroad earn¬
have largely increased their loans.
The seven principal com- j ings are going to fall off rapidly, nor is there any reason to
panies showed their loans on stock collaterals July 1st, 1877, sell out the stocks of good roads. But the views expressed
January 1st, 1883, and July 1st, 1883, as follows:
above in regard to the outlook for the next three months are
LOANS OF SEVEN TRUST COMPANIES.
entitled to a fair weight in forming an estimate of railroad
'Trust Companies —
July 1,1877.
Jan. 1, 1883.
July 1, 1883.
prospects in the immediate future.
•*
-
_
,
20 $29,50:1,698 33 $34,1.50,361 02
28 35.437,338 33 18,117,992 50
OO 10,665.286 12 14.357,Kid 96 !
15
7.587.02.3 93
8,878,190 28 i
49
4,832.467 46
8,974,420 16 j
8,176,458 75
50
4,842,415 88
760,060 00
3,473,700 00
4,401,900 00
United States
'$7,457,33 6
Union
4,265,267
Fanners Loan and Tr
2,880,510
■Central
1.063.415
Mercantile...627,900
New York Life and Tr....
610,027
Brooklyn
Total
It is
$17,694,496 62 $79,706,872 92 $93,773,320 70
ANNUAL
REPORTS.
Southern Pacific Railroad.
{For the
The
year
ending Dec. 31,1882.)
annual
report for the year 18S2 is just out, and as a
history at this late date, an abstract is given below.
Had the report been issued in March instead of September, as
no doubt it might have been had
it been thought desirable to
do so, the information would have been much more timely for
matter of
possible that railroad earnings
may
show
a
moderate
percentage of decrease in the next few months when compared
with the corresponding months in 1S82. There are several cir¬
cumstances which
contribute to make such
result
possible, if
not probable.
In the first place the prevailing depression in
several branches of business, particularly in the iron trade, tends
to reduce the volume of merchandise freights., Then the trans¬
portation of grain from the West can hardly be expected to
equal the autumn months of 18S2, when the crop of winter
wheat was a large item in the tonnage of cereal produce carried to the seaboard for export. The corn crop this year is
believed to be very large, and will undoubtedly furnish a large
tonnage for the railroads when it comes to market; but new
corn cannot move forward iu large quantities before December
or January.
The cotton crop is supposed to be considerably
short of last year’s immense yield.
Again, the large decrease in railroad building this year, as
compared with the period of extraordinary activity in the
a
stock and bond holders.
The President’s report says:
“Referring to the statement of
profit and loss account, it will be observed that the amount of
| taxes therein shown, with a notation that they are either ‘paid
or provided for,’ is largely in excess of that for the year pre¬
ceding it, and would state in explanation thereof that when
the first State Board of Equalization under the new Constitu¬
! tion came into powel—in 1BS0— they arbitrarily assessed the
j railroad and equipment at doable the value as placed upon it
by the local assessors prior to the adoption of the said new
Constitution, and double the value as confirmed year after year
by local boards of equalization; all other property assessed
by local assessors was increased but little, if any, and it was
J so stated by the Chairman of the State Board of Equalization
to our agent, who appeared before said board, asking to have
;
said railroad equipment valued in proportion to the other
property so assessed by said local officers; which request, how¬
ever, they declined to accede to.
Such an unjust proceeding
was of course resisted by the company, who declined to pay
autumn of 1SS2, should result in a diminished movement of taxes on .such assessed values, and hence the suit by the County
of San Mateo (with which all of you are doubtless familiar),
materials and workmen.
The Erie canal, under the free toll
and which is now pending in the United States Supreme Court
system, is also taking a larger tonnage, and since its opening on as a test case.” * * *
Mention was made in the last annual report of the com¬
May 14 has carried 3,170,631 tons, against 2,773,S32 tons in the
mencement of work on the Mojave (or 35th parallel) line, and
same time last year, an increase of 396,799 tons, of which
we have now to
report the completion of that section of road to
increase about 24,000 tons was wheat—equivalent to 8,000,000
the Colorado River, 242 507 miles, on April 19 last, where it is
bushels.
awaiting connection with the Atlantic & Pacific Rail] road upon
Another reason why the comparison should now appear less completion of the bridge now under construction by that com¬
favorable is found in the fact that many of the roads have pany.” * * *
Referring to the anticipations of the company in previous
come around to a time when they compare with a mileage last
reports as to the completion of its connecting lines, we would
year almost as large as at the present, and hence the difference now say that in January last the working forces on the Galves¬
in gross earnings is not so conspicuous.
Connected with this ton Harrisburg & San Antonio Railroad met and junction was
is also (he kindred fact that competition has arisen by the made, which has not only connected our road with the through
sytem of the company to the Gulf ports and New Orleans, but
opening of new lines, which leads to the division of business also with the various railroad systems -of the Southwestern and
and sometimes to the redaction of rates. In September, 1882, Southern States. :
This connection, besides opening up a large trade between,
there were but two routes between the Mississippi River and
the Pacific Coast and the Southern States, promises to the com¬
the Pacific Ocean, while in September, 1883, there are five dif¬
pany the carrying to Europe of large shipments of the wheat
ferent routes.
crop of California and Oregon.”
* * *
There is some discussion over the non-publication of the
At the close of 1882 the company had the following lines:
Miles.
earnings of the Erie Road for several months past, nothing Nortliern Division—
San Francisco to Tres Pinos
100-49
having been given out since the earnings for April, and the
Carnadero to Soledad
60-40
Monterey HR. (leased)..?
15-12
conclusion is inevitably drawn, whether correct or not, that the
exhibit is not satisfactory; and this idea is fortified, too, by
Total Northern Division
176*01
“
“
“
THE CHRONICLE
266
fUouthern Division—
GENERAL INVESTMENT NEWS.
bank of the Colorado River 528-50
Huron (via Goslien) to west
Do* Angeles to San Pedro
‘24-65
131-u8
Mejave eastward
by the company. The
Southern Division is leased to the Central Pacific Co., and
worked by that company. The Monterey Road, nominally
leased, is really owned. The company also controls the Santa
Cruz road, 21 miles, but its operations are not included in the
report.
“The earnings of the Northern Division, 170 miles, were as
The Northern Division is worked
follows
'
1881.
$072,295
$628,858
Mail....
12,511
12,400
Express
13,7(8
Freight
475,443
531,24.1
Passengers
12.522
27,581
28,492
Total
$1,257,309
$1,158,015
187-9320
611,891
587,125
$012,5c 8
$570,890
Miscellaneous
.
Expenses
Net earnings
“The
earnings of the Southern Division, leased to the Cen¬
tral Pacific Company, are
reported by the lessee as follows
:
$4,025,359
2,119,944
Earnings
Expenses
.$1,90 5,415
l,0v 0,066
9,749
The income account may be
Net earnings Northern Division
condensed
as
follows:
1,600.660
15 9,000
Earnings account of contract with Wells, Fargo <2 Co
$2,468,173
$161,864
Totai
General and legal expenses
Taxes and street assessments
Interest paid
Miles of road
Operating
$159,369
503,102
595,040
Surplus for the year
Balance, Jan. 1, 18^2
Redemption of bonds, from land sales, <fce
Balance, Jau. 1, 1883
The Land
$1/257,832
■.
in California. Total sales to that date had
The total cash-receipts for the }'ear were
$432,783 03, making tlie total receipts to its close on land
accounts $1,895,422.
The amount paid over to the trustees
under the mortgage was $387,96S, and they redeemed during
the year $595,000 bonds at a total cost of $603,214.
“The general account is as follows :
1,145,004 acres, all
been 557,670 acres.
31. 1882.
Road and prop’y accts.$71,653,760
SOUTHERN PACIFIC 15 A LANCE SHEET, DEC.
stock.
Funded debt
Lafid trust fund
Central Pae. R. K. Co.
$10,363,900
30,888,000
91,165
2,247,3 24
650,059
Sundry accounts
Materials and fuel
Central Pae. R R. Co.
105,485
3,317,200
516,833
4,936
Sundry accts. ivc’able.
Cash in hands of Treas.
1,257.832
Profit and loss
Total
$75,595,290
Total
$75,598,280
large amount debited to the Central Pacific is held in
suspense, bending a decision in the suit of San Joaquin County
against the Central Pacific and others.
The
Connecticut & Passumpsic Railroad.
Net earnings.
486,090
018,900
3,776,317
5,078,474
$681,897
$498,102
$1,065,712
$2,375,S7S
Merchants’ Telegraph Co.—The New
Rankers’ Sc
York
Times says : “ The amalgamation of the Bankers & Merchants’,
the Southern and tlie American Rapid telegraph companies,
if the present plan is carried out, will be completed this week.
The same persons who control tlie Bankets’ & Merchants’ and
the Southern have arranged to purchase a majority of the
stock of the Rapid. Nothing remains to be done but to transfer
the stock to the persons who have bargained for it." A gentle¬
man who took part in
tlie transaction said that a majority of
the stock of both the Bankers’ & Merchants’ and the Southern,
which now operate as one system, was lodged in the name of
Mr. A. W. Dimock, the President of tlie former company. The
intention was to put the majority of the stock of the Rapid
about to be purchased in Mr. Dimock’s hands also.
In that
the consolidation of the three companies would be practi¬
The reason tlie three companies were
not merged in one, under a single name, was that the laws of
some States through which the
lines parsed did not permit the
consolidation or leasing of competing lines.”
way
cal, although not actual.
Cheasapeake Sc Ohio.—The earnings and expenses for the
July 1882 und 1SS3 were as follows :
month of
3
Earnings
Expenses
882/
IS S3.
Lie. $18,421
209,584
$335,208
207,573
Dec.
,..$107,203
$127,635
Tne. $29,432
$116,787
-
2,011
Chicago Burlington & Quincy.—The earnings and expenses
Chicago Burlington & Quincy and the Burlington & Mis¬
souri River RLi. in Nebraska for the-month of July, and the
seven months, of the years 1SS3 and 1882 were as foliows:
of tlie
Mail if:
Kef.
dross
Etn-n't/s.
Pass'</cr. Freight. Miscrll's.
R.ianises.
459,960 1,218/951 145,773 $1 ,«2 l,7e5 $l,o3n,750
392,054 1,143,315 89,636
1,625,006
873,820
July.
1833..
1682..
the!
ending June 30, 1883, of $270,969, against $303,844 last
year
year.
The income account is
given
as
follows
:
Net earnings
$270,969
48,677
Surplus from previous year
$319,646
Interest and 6 per cent dividends.
.
314,029
$5,616
Surplus Juno 30, 1883
The report says : “ The policy recommended in the report
of the directors for last year, of substituting steel rails in the
place of iron as rapidly as the means could be obtained from
the earnings of the road, without increasing the construction
creating
a
Heating debt, has been pursued, and there
have been laid within tlie year 3,170 tons of steel rails. This
leaves only about thirty-three miles to be laid hereafter to
complete the track with steel rails the entire length of the road
from Lennoxville to White River Junction.
Wherever the steel
rails have been laid the road has been throughly ballasted, and
the track of the whole road is in better condition than it has
ever been before.”
COMPARATIVE STATEMENT OF GROSS ANI) NET EARNINGS FOR FIVE YEARS.
dross
receipts for
J’ctsscnyers.
$194,270
228,463
242,610
279,289
309,940
67,920
Inc...
7
mos
.
Earnings.
$784,954
751,186
1883.. 3,757.375 9,780,809
1882.. 2,340,906 7,S73k968
Inc...
$199,699
56,137
75,636
Receipts for
Freights.
$294,4 77
365,747
Receipts,
ine. Kxprcts,
3fttils, etc.
$514,142
657,547
774,116
.Vel
Earnings.
$219,694
226,139
478.44 6
8M.713
311,164
303,814
478,907
881,851
270,969
444,016
$33,763
$165,930
1 to July 31,
Jan
G91,723 $13,229,908 $7,063,407 $6,106,501
565,7^.7
10,789,022
6,138.923 4,641,699
416,109 1,906,941 125,976
$2,149,290
$921,484 $1,524,802
following statement is made
June 3.0 last:
Denver & Rio Gramlc.—The
for the half year ending
Gros* earnings
Expenses (61*58 per cent)
$3,371,000
2,177,000
Net earnings
Received on ether accounts.
...
Surplus
The principal
$1,194,000
115,000
$!,309,000
1,144,210
Total income
of the rolling-stock trusts
$220,000, showing an excess of pa.yments of
$101,760
maturing was
$55,240 for the
half-year.
Lexington & Big Sandy.—Earnings and
for the month of July, 1882 and 1883, were as follows:
Elizabethtown
expenses
(For the year ending Jane 30, 1883.)
The annual report, just issued, shows net earnings for
$7,954,352
expenses
Interest, taxes, &c., paid for six months.
100,600
Sinking fund
or
$7,842,029
1,820
Agent reports sales of 103,538 acres during tlie
year for $494,933. Up to Dec. 31 last tlie total land grant
earned was 10,445,227 acres, and patents had been received for
account
$1,117,002
Net earnings
2,308,804
<-J(tti. (o July, 7 mos.
1883.
'
1882/.
1,820
1,812
.
1882
1,820
$1,107,987
(exclusive of taxes)
32 ',488'
100.000
7,5 L8
operated
Gross earniugs
1,712,134
Sinking fund
Sundry accounts
W<:
July.
1883.
.
$04 •2,507
.
Rental Southern Division
“
for July, and for
been as follows:
:
1882.
Topeka Sc Santa Fe.—The earnings and expenses
the seven months in 1882 and 1883, have
Atchison
684-29
$60-30
Total
| Vol XXXVII.
Earnings
Expenses
Net
earnings
1882.
18>3.
$51,665
31,441
$03,434
34,311
Inc.
2,970
$20,224
$29,123
Inc.
$8,899
-Inc. $11,709
Evansville City Bonds.—A conference was held between
of the holders of the $1,600,000 city bonds of Evans¬
ville, Ind., and a committee of municipal officers of that city, in
the Farmers’ Loan & Trust Company BuildiDg, to consider the
reduction of the rate of interest. The attendance was small.
some
“An effort was made to have the bondholders
organize the meeting and take some official action on the re¬
quested reduction, but this they declined to do, whereupon the
city officials refused to submit any, proposition. Mr. Sidney
W. Curtis, representing a large number of bonds, has brought
suit against the city in the United States Court to compel the
payment of the interest, and the remainder of the holders have
determined to await the result of the case before taking any
action in the matter.
The cityr committee will make no furthre
etfort to compromise the debt, and will start this week to their
The Times says:
home.”
Lake Erie & Western.—The fiscal year of this company ter¬
minated with June 30, and the annual report will be published
in a month or two.
There is, however, a statement of earnins and expenses for nine months of the fiscal year—the nine
months ending March 31, 1883—published in the recent volume
of Poor’s Manual as follows: Earnings from passengers, $26S,761; freight, $S43,273; mail, express, &<:.; $96,339; total,
Operating expenses—maintenance of way, $335,636; rolling stock, $119,395; transportation, $507,442; miscella¬
neous
and taxes, $99,291; total, $1,061,816.
Net earnings*
$1,208,374.
•September
THE CHRONICLE.
8,1883. J
$146,55S; interest on the funded debt, $208,890; other pay¬
ments, $24,333; total payments, $233,223.
GENERAL
Cost of road
Cost of rolling
Cost of rolling
RALANCE'SHEET, MARCH 31, 1883.
$14,723,085
stock...
842,770
stock in
r
140,00ft
trust
Materials and fuel
Current accounts
Cask on hand
Total assets
88,707
48.07(5
Capital stock
$7,700,000
7,727.000
Funded debt
Bills payable
Current accounts
Other liabilities
Protit and loss
49,185
2(52,(575
14 i,000
$15,001,038
Total liabilities
$15,904,038
Since the above date, March 31, the gross
earnings of the
Lake Erie & Western have been published, except for two
weeks in June, and the total earnings from April 1 to
Aug. 21
(excepting the weeks mentioned) have been $394,681 in 1SS3,
against $465,214 in the same period in 18S2, as appears by the
subjoined statement :
GROSS EARNING?.
1883.
April
IS52.
$87,722
$110,050
98,981
94,4 S 1
23,378
21.C51
23,878
2(5,357
July
77.913
105.8(50
August 1st week
24,0 al
28,700
32,309
M av
June 1st week
June 2d week
August 24 week
August 3d week
....
Actual decrease
$394,(501
Inc.
500
1,740
1 2.550
$75,050
..
70,553
behalf of nine-tenths of the bondholders.
Only one party bid
Charles R. McLean, of Eist Boston,
one of the directors.
The terms of sale required $20,000 to be
paid down and the balance in 30 days. Nothing is yet known
relative to when the road will be re-opened. The portion of the
property sold was the road with its franchises, as the ro’ing
stock will be disposed of at auction
Sept. 12. The property
sold comprises 117 miles of road, 59 miles of which have rails
laid on it, and the cost of the same thus far has been over
was
the sail
& Opdyke.”
&
Mississippi.—The report of the Receiver of the Ohio
Mississippi Railway for July, 18S3 and 18S2, is as follows:
RECEIPTS.
Cash on hand J dy 1
From station agents
From conductors
From individuals, railroads, etc
From express companies
From General Post othee department
1883.
$210,210
3
..
>0,280
1882.
$243,454
9,501
37(5,385
9,571
32,109
08,133
738
‘f..
Total
1,201
25,05 9
25,03 L
$072,583
$723,S09
$2 (5,017
$322 827
lUSnUKSKMKNTS.
Vouchers subsequent to November 17, 1870
Remitted to pay coupons
.
‘Xl) 000
Pay-rolls
147,403
Art oarages
Cash
5,201
‘$1,497
of
Ohio &
4,497
Massachusetts Central.—The Massachusetts Central Rail
road property was sold Sept. 1 at public auction for $500,000 to
Samuel N. Aldrich, Pxesident of the road, who purchased
it iu
against him, and that
respectfully,
“Bristow, Peet
$22,334
4,70(5
27,953
the hollers
“Yours
(Signed)
Dee.
$
25,747
41,250
37,570
$105,214
“The result, therefore, is'that
$12,000,000 of bonds of the Terminal Co. receive the full benefit
of the said * supporting’
mortgages, deed and lease, as further
assurances in the law of the lien of the
mortgage of the Termi¬
nal Co. directly
securing their bonds, upon all the properties
and franchises of the three
corporations formerly owning the
Weehawken terminal properties and ferries.
25,177
(50,401
267 4
on
.
..
hand Aug. 1
Total
231,34(5
133,322
413
814
10,120
35,527
$072,983
Pennsylvania Alleghany & Shcnango.—'This
road was formally opened to travel on
Wednesday.
$723,869
rai[The road
distance of fifty-eight
ext nds
new
from Greenville to Butler, a
miles, and has brauehes to the coal mines, which, with the main
line, makes a total mileage of eighty-five miles. It connects at
Butler wirh the Pittsburg & Western and Butler & Karns
City
railroads ; at Mercer with the Oil
City & Chicago Railroad,
and at Greenville with the Erie &
Pittsburg anl tlie New York
Pennsylvania & Ohio railroads, forming a link of direct com¬
munication between Philadelphia and
Pittsburg, via Butler.
The Hon
James T. Blair of Greenville is the President of the
road, which is controlled by the Pennsylvania Railroad Com¬
pany.
Rochester & Pittsburg.—The line of the Rochester & Pitts¬
$5,000,000.
burg Railroad’s system from Buffalo to Punxsutawney, Penn.,
Memphis & Charleston.—Changes have been made in the is completed, and has been turned over to the
company for
officers and board of directors of this railroad
company, which operation.
The length is 291 miles. The Baltimore & Ohio
put the organization under nearly the same control as the Railroad
Company has made surveys, and formed a company
East Tennessee Virginia & Georgia. William M.
Farrington, to build a line from Mt. Pleasant, Penn., a point on its own
of Memphis, Tenn.; J. II. Kershaw, of Philadelphia ; T. W.
road, to Punxsutawney to connect with the Rochester & Pitts¬
Evans, of New York; W. 11. Rison, of Huntsville, Ala, and burg.
John S, Wilkes, of Pulaski, Penn., retired from the beard.
A circular issued by the
company says: “The gross earnings
Their places were taken by Judge O. A. Lochrane, of Atlanta, of the
month of May were $19,031. Net earnings
Ga.; Gen. Samuel Thomas. Thomas Shetliar, John T. Marlin, about yiad for the
$12,000. The gross earnings for June were $55,499, and
and Capt. Calvin S. Biice. Gen. Thomas took the
place of Mr. the net earnings about $21,000. The earnings for
July abqufc
Baxter as President, and Mr. Baxter of Col.
Sharp as Vice- $65,000, aDd the net earnings about $25,000. As soon as the
President.
tracks
are
cleared of several construction trains and additional
Mississippi Yalley & Ship Island.—This railroad w£« sold rolling stock secured that is required to handle the business
Sept. 5 at Vicksburg by the trustee of the bondholders under already offered, the earnings can be increased to about $100,000
foreclosure of a mortgage, and was purchased by J. B. llowes, per month.”
of New York, for $27,000. It is believed that he
The Rochester & Pittsburg Railroad
represents the
Company gives notice
bondholders, who thus get a clear title.
,
New York West Shore & Buffalo.—In regard to the
legal
status of the bonds issued by the West Shore & Ontario Ter¬
minal Company, the following
that its Treasurer will receive sealed
proposals for four¬
hundred thousand dollars of its consolidated first mort¬
teen
gage
bonds,
up
to
noon
of Wednesday, the twelfth day of Sep¬
tember, 1883. These consolidated first mortgage
first lien upon the Buffalo &
bonds are a
opinion by the counsel of Messrs.
Winslow, Lanier & Co., will be of interest:
Pittsburg Division of the com¬
“Dear Sirs: In compliance with your
request we state pany, and a lien upon the Rochester & Salamanca Division
briefly the legal position of the mortgages for $2,500,000 and after file present outstanding mortgages. The mortgage is
limited to twenty thousand dollars a mile of
for $1,000,000 given respectively by
completed road,
the Midland Terminal & and is
issued for only one-half the ae'ual cash cost of the
Ferry Company and the National Stock Yard Company, to the
Central Trust Company of New York, and their relations to property.
Bonds are dated December 1, 1S82, mature Decem¬
ber 1, *1922, bear interest at 6
the mortgage made to the same Trust
per cent per annum, June and
Company by the West December. The road
is now cjinpleted and iu operation for
Shore & Ontario Terminal Co. to secure an issue of
$1.2,009,000 local
of its bonds.
business, and will be opened for all through business
The West Shore & Ontario Terminal
September
15. The net earnings at present are sufficient to
Company (formerly the
Open Cut & General Storehouse Company), the Midland Ter¬ pay interest on these bond-!, and it is expected that they will
minal & Ferry Company and the National Stock Yard Com¬ be almost doubled when the road is opened for through
pany, in June, 1853, entered into an agreement, providing that business.
under an act of the Legislature of New
Rome Watertown & Ogdensbiirg.—The Mail and
Jersey, passed March
Express
23, 1883, the latter two companies, with all their property and says of this road that “before the new management came
franchises, should become consolidated into the first-named into possession of the road, specifications were prepared and
company—the present West Shore & Ontario Terminal Com¬ negotiations opened for improved equipment, and within forty
pany.
When the last-named Terminal Company on July 13, days after the election .contracts were made for 7,500 tons of
1S83, made its said mortgage to secure its $12,000,000 of bonds, steel rails, 500 freight cars, and a
complete equipment of
it was deemed wise, in order to remove
We3linghouse brakes Twenty-five hundred tons of steel rails
any possible doubts
respecting the effect of the consolidation agreement above had been puichased before during the year, and cf this amount
referred to, that, under the usual clause of further assurance 10,000 tons will be laid before the first of November.”
* * *
contained in the consolidation agreement, the other two com¬ “For the month of July the
operating expenses were 65 per
panies should make separate mortgages in their own names to cent of the gross earnings. Of this amount $45,000 were for
secure directly or
indirectly the said issue of $12,000,000 of maintenance of roadbed and equipment. It is believed that
bonds, and should also make and record direct transfers to the the percentage of net earnings will be still further increased,
consolidated company of all their properties and franchises.
and that the road can be run for 66 per cent of its
gross re¬
With the objects aforesaid, the $2,500,000 and $1,000,000 ceipts all the year round from this time forth, aud that this
mortgages in question were made to the Central Trust Company can be still further reduced to 60 per cent.” * * *
in trust solely for the benefit cf the
“The accounts of the accidents at Carlyon
present and future holders
have been grossly
of the said $12,000,000 of bonds of the West Shore & Ontario exaggerated.
All the cas^s of bidly-injured persons have
Terminal Co. These mortgages are therefore merely ‘
support¬ been settled, and for a very moderate amount. The damage
ing’ mortgages given for greater caution and in aid cf the to rolling stock was but $8,000, and it is estimated that the
direct $12,000,000 mortgage ; and they are in form and sub¬ entire cost of the accident to the road will not exceed
$100,000.
stance as were advised as proper for such
purpose under the Following is the statement of the earniDgs for July :
charters of said companies. A deed of all the properties and
1853.
1882.
franchises of the Stock Yard Co. and a
$141,950
$148,287 Dec.. G,330
perpetual lease of the Gross earnings
90,278
114,078 Dec.23,800
properties and franchises of the ferry company were also made Expenses
“
“
to the Terminal Co. for the reasons above stated.
Net
earnings
$51,078
;
$31,209 Iuc.$17,64a
THE
CHRONICLE.
earniners show an increase for the month of
The redaction iu gross earnings is chitliy in freight on
coal which was carried a year ago from Oswego to Suspension
Bridge for the Delaware Lackawanna & Western road. This
t‘The passenger
3pxe (Lomnxcratxl jinxes.
$500.
'
coal now goes over the new road of the Delaware Lackawanna
& Western to Buffalo. The profit on carrying this coal was
practically
nothing, the rate' being
be made out of it. A part
also due to the diminished
in the iron business.”
[Voi. xxxm
COMMERCIAL
EPITOME.
Friday Night,
Sept. 7,1883.
cool. At a little distance to {lienorth of this latitude the temperature has been so low as to
cause frosts.
Some injury is claimed to have been done to late
crops, and a smart impulse given to business in seasonable
low that nothing could
so
of the decrease in gross earnings is
carriage of iron ore, due to dulness
The weather has been quite
and the general tone of
trade
is better,
Richmond & Danville.—The following circular has been I merchandise. General
|
financial
and
mercantile
circles
much improved.
stockholders
Danville
issued to the
of the Richmond &
Rail¬ I revival of the export
breadstuff's has
demand
for
road Company : “The undersigned, members of the board of
An important
taken place,
The following is a statement of the stocks of leading articles
executive committee, and owning j
and representing more than a majority of the capital stock of
the company, ask proxy for general meeting of stockholders.
We shall oppose the proposed issue of additional stock, be¬
lieving that assets of company under vigorous economical man¬
agement sufficient to protect and develop its valuable growing
properties.- We propose to elect and confirm at this meeting
the following board of directors to manage affairs until the
annual meeting iu December next: George S. Scott, George I.
Seney, 11. C. Fahnestock, Samuel R Thomas, C. S. Brice, George
F. Barker, John McAnerney and William P. Clyde.
Signed—W. P. Clyde, George I. Seney, C. S. Brice, George
S. Scott, George F. Barker, executive committee.
directors, comprising the
of domestic and
Tobacco, domestic
Tobacco, foreign
are
Coffee, Bio
Coffee, other
Coffee, Java, &c
173
22,504
28.284
29,391
48,396
37,218
20,564
47,4 2*7
139,080
106,510
18,094
Sucnr
bags, Ac.
085.472
ldids.
bills.
No.
bales.
bids
bids.
bids.
961
Rosin
Spirits turpentine
..
Tar
bonds. The Controller says there is a misapprehension
part of the public with reference to the law pertaining
funding of the railroad bonds. The holder of a
thousand-dollar bond imagines that when he comes to have it
funded under the present law he will receive only about £r>00
for it. The Controller says the law does not deduct the war
interest from railroad bonds, while it does deduct the war in¬
4 72
Sugar
Cotton
Rice, E. T
Rice, domestic
the
to-the
15,384
f 60
hhds.
boxes.
.
bags.
Linseed
bags.
Saltpetre
Jute
'..A
J ute butts
Manila hemp
Sisal hemp
bales.
bales.
bales.
04,385
29,970
92,757
-
3-,894
5 8,953
118.349
124,810
Oo jOc)c)
5 293
5,244
529,335
10,780
622,292
13,500
500
800
2,000
101,760
106,092
34,851
2,380
78,960
201,000
13,500
1,650
4,690
11,700
.bids, and tcs.
20,097
10,480
46,964
18,057
77,144
5,243
Hides
on
1882.
Sept. 1.
bags.
Molasses, foreign..
Molasses, domestic.
pioper
1883.
Any. 1.
mats.
Sugar
railroad bonds, and the other half are State debt
1883.
tcs.
hluls.
.
:
Sept. 1.
bids.
Pork
Beef
Lard
Tennessee Funding Bonds.—A press dispatch from Nash¬
ville says that up to Aug. ?A the Funding Board had receipted
for State bonds valued at £1,500,000 and issued new bonds to
the amount of $900,000. Fuliy one-half of the. amount re¬
ceived
foreign merchandise at dates given
10.198
107,321
78.092
28,741
1,401
2,622
33,035
25,100
30,000
1,250
11,000
10,900
70,800
12,450
jObO
1,411
510
350
000
800
83,650
83,7 00
31,700
32,020
13,221
30.919
29.200
;
1
44,022
29,OuO
bonds. Hence, instead of the I The lard market early in the weak was easy and irregular
holder receiving only about £500 for his railroad bond he re¬ with but a slight speculative interest, but latteily,.on receipt
ceived about £750. The law under which war interest is de¬ | advices stating a probable injury to the corn crop by cool
ducted from the State debt proper bonds provides that such weather, speculation revived and prices were forced upward.
part of the debt as now bears interest at the rate of 6 per cent There was a further improvement to-day and prime Western on
terest from State debt proper
j
of
the
per annum shall be funded by adding to the sum of
face
of the existing bond the matured interest thereon evidenced
by the coupons attached thereto, including the coupons ma¬
turing 1883, and from the total sum of the face of the bonds
and matured interest thereon evidenced by the coupons at¬
tached 24 per cent will be deducted, and the remainder funded |
in coupon bonds bearing interest at the rate of 6 per cent per
annum.
Union Pacific.—The Supreme Court of Massachusetts has
dismissed the suit of the Union Pacific Railroad Company
against the Credit Mobilier of America. The case has been
argued three times before the Court, the last time being in
March. The amount involved was £1,998,000—the sum agreed
upon as the basis of the settlement of accounts between the
two corporations, after the Credit Mobilier had finished building
the road, and a further sum of £208,000 which was subsequently
found to be due the Credit Mobilier. Mr. Dillon, President of
the Union Pacific, is reported as saying: “If any adveise
decision is made it will involve but a trilling sum to the com¬
pany, inasmuch as an accounting is thereby ordered in which
the Union Pacific Co. claims that it has demands against the
Credit Mobilier which will counteract the demands of the
Credit Mobilier against it.
The Union Pacific Co. being the
owner of more than nine-tenths of the stock of the Credit
Mobilier, only a small amount will have to be paid by the Union
Pacific Co.”
J
Virginia State Bonds.—At Richmond, Sept. 4, a decision of
rendered by Judge Bond of the United
States Circuit Court, concerning the State debt.
After a deci¬
sion was rendered by the United States Supreme Court last
spring in the Virginia debt case, counsel for foreign bondhold¬
ers of London, through their attorneys in New York, insti¬
tuted a number of suits in the Circuit Court of the United
States in Va. to test the conclusions which counsel insisted that
decision led to. Judge Bond decided these cases. He holds,
first, that a tender of coupons for taxes is a legal-tender, that
all consequences which llow from any other legal tender flow
from this, and that this is the effect of the Supreme Court
decision ; second, that officers of tlie State will be enjoined
from levying on a taxpayer’s property after a deader of
coupons has been made ; third, that as the questions in these
suits depend upon the constitutionality.of the State’s legisla¬
tion, the suits arise under the constitution, and that circuit
courts of the United States have the jurisdiction of them,
without regard to tlie citizenship of the parties.
Judge Bond’s
jurisdiction extends over the entire State. If his decision is
not reversed, it would seem that the State can collect no more
revenue until she provides for the coupons.
Holders of Vir¬
ginia State bonds are elated over the decision in the United
States Circuit Court; as heretofore the coupons have been
refused by the State Treasury, bondholders have been forced to
pay the taxes in money and subsequently recover judgment in
court. The effect, of the decision was to stimulate inqury for
Southern State securities and to advance tlieir price. Virginia
consols rose 4 per cent from the price at the last sale, the tenXorti.es 2/2 and the coupon bonds 7 per cent,
much importance was
spot closed at 8’65c. after selling at 8*40@S‘60c.; October,
options realized 8'44@S*OOc.; November, 8 2-jc.; seller the year
8 30c.; January, 8,27@8*35c., closing firm; refined to the Con¬
tinent- was quoted at 9c. and to South America, 9-60c.
Pork
on the spot has declined and rules very weak.
There is an
absence of all speculative interest. Inspected mess quoted
£13 cash, and uninspected £12 3734@$12 50. Bacon was a trifle
firm at 7%c. for city long clear.
Beef hams have further
declined but closed steady at $20@$2l for Western. Beef dull
and unsettled at £18 75@£l9 50 for city extra Indian mess.
Tallow sells fairly at 7/4@7 13-16c. and stearine is easy at 10%e.
for prime and 9%c. for oleomargarine.
Butter has been in fair
export request and ail fine grades are firmly quoted.
Cheese, however, has been forced down by freer receipt^ and a
general hesitancy on the part of shippers to operate at the re¬
cent price of lie.; now the best factories are at 10^2@10%e.
Rio coffee has been moderately active and steady at 9%@10c.
for fair cargoes, closing to-day however quite firm at 10c.; op¬
tions have been more active at some advauce, to-day No. 7 sold
at 8c. for September, 8 05(g8T0c. for October, S*(5@8E0c. for
November, 8T0ft8T5c. for December, 8*15@S*2(’e. for January,
S*25@8 30 for February and 8 40c. for March; mild grades have
been fairly active and firm.
Tea has brought firm prices at
auction.
Spices have been fairly active and steady. Rice hasbeen firmer, especially for domestic, which has been scarce and
quoted at 5%(S)7/4e. and even as high as 7/*jc. in somes cases.
Foreign fruits have been dull and rather weak for dried, but
firm tor green, which have sold fairly.
Raw sugar has sold
freely at times, though prices were modified in order to stimu¬
late business, 6>ic. being accepted for fair refining; but to-day
the
!
suddenly increased
fair refining and
7 9-16@7%rc. for 96-degrees test centrif ugal, the market closing
strong; refined closed very firm at an advance, with a better
demand; crushed 9@9%c
cut loaf 9/£c., powdered 9@9^c.,
granulated 8 13-10<^8;8c. and standard “ A ” 8/4(<t8%;c.
A lessened activity in Kentucky tobacco must be noted, but
all prices are firmly quoted at a slight advance to 6@6%c. for
iugs, aud 7(dl2c. for leaf. The sales for the week embrace 304
hhds., of which 150 were for export. In seed leaf a better
business has been^effected, and ail prices remain firm. The
a lull in trade for a few days the sales
7,500 lihds. on the basis of 6 9-10c, for
after
to
,
sales embrace 3,300 cases.
Naval stores have not developed any particular features, ex¬
cept a slight improvement in spirits turpentine, the result of
reduced offerings here and liigner Southern advices; yard lots,
strained to good strained rosins are
quite nominal at £1 55@£l 60. Refiued petroleum has advanced
and become quite active for export at 8@8%c. for 70 Abel test
for all October delivery; the market closed strong to-day, at the
latter price bid; case oil, 9jJc.; naphtha, 5c. Crude certificates
had an advance early in the week, but latterly the feeliDg fell
off, and to-day the market opened at £l 08/2, declined to
£i 07/4 and recovered to £1 08} a Lid.
Ocean freight room has had quite an active week ; the move
ment has been principally grain, though petroleum vessels have
received some attention. Berth rates are stronger, but charter
41/sc. bid and 42c. asked;
room
is
unchanged,
September 8,
THE
1883.]
CHRONICLE-
COT TON.
us
Friday. P. M.. September 7, 1883.
The Movement op the Crop, as indicated by our
telegrams
from the South to-night, is.given below. For the week ending
this evening (Sept. 7} the total receipts have reached 33,30S
bales, against 22.971 bales last week, 11,365 bales the previous
and 10,305 bales three weeks since;
making the total
receipts since the 1st of September, 18S3, 33,303 bales, against
33,743 bales for the same period of 1882, showing an
decrease since September 1, 1SS3, of 465 bales.
269
In addition to above
exports, our telegrams
the following amounts of cotton ons
the ports named.
Receipts at—
Galveston
lion.
720
Indianola, Ate.
3,055
New Orleaus...
121
101
Florida
....
Savannah
Chi
729
9 41
5,024
57
77
635
....
....
1,329
....
1,385
....
....
991
561
....
....
240
....
....
10
....
125
135
491
....
15
032
1,429
249
249
....
5
....
207
....
Baltimore
Pliiladelp’a, Ate.
....
Totals this week
....
2.705
3.936
22
31
13
13
O
9
101
112
0,169
4,969
8,19 4
33.30S
....
7.215
759
15
....
Ill
9
....
5,234
125
ICO
61
40
1,159
....
97
....
35
9,020
....
1,089
....
74
S9
1,599
....
....
til
....
1,533
S85
125
83
....
2,005
....
SI
Boston
735
58
....
West*Point,Are
735
....
1,209
....
New York
9,025
7
O
Norfolk
....
2,302
878
....
Moreh’d C.,Atc
896
For comoanson, we give the following table
showing the week’s
total receipts, the total since Sept. 1,18S3, and the stock
to-niglt
and the same items for the
corresponding
periods of last
1882.
18S3
Receipts to
September 7.
This
Since
Week.
Galveston
This
Sep.
9,625
9,025
9,706
Indianola,Ate.
735
735
955
New Orleans...
Mobile
5,024
5,024
1,740
635
635
439
Florida
Bavannali
Stock.
Since Sep
1, 1882.
Week.
1, 1883.
j
1883
1882.
11.232; IS,576
1,785;
450;
|
’
89
9,026
9,026
9,630
11,397;
3,493
4,119
12,927
48
1,788
89
5,234
5,234
Royal, «fee.
3 2'>
125
Wilmington....
M’headC.,&c
753
759
15
15
1,429
2 49
Pt.
Norfolk
/r
West Po nt, Ate
New York
Boston
44,111
8,292
3,618
425
8,113
9,046
v
6,815
2,977
16
291,
1,429
576
583
249
516
691
207
207
31
31
■Baltimore
1,555
310
11,476
412
370
370 100,426
67,890
271
29l!
j
4.530
13
13
137
137:
7,137
2,065
112
579
6011
5,-427
4,369
33.308
33,303
28,688
33.7 4: 4211,978-
111.353
•
Total
2.040
112
Pliiladelp’a,Atc.
Receipts at—
1882.
1881.
1880.
Galvest’n.Atc.
10,360
10,661
17,362
New Orleans.
5,024
1,740
12,525
635
439
3,853
Savannah....
Uharl’st’n, Ate
iyilm’gt’n, Ate
9,026
5,359
9,030
21.657
Norfolk, Ac..
1,073:
Mobilo
All others....
Tot. this w’k.
Since Sent. 1.
3,493
774
452;
1879.
11,5 42
7,096
3,557
16,744
6,417
12,282
276
1,270
1,092
7.714
2,209
6,031
New Orleans....
Mobile
2,169
None.
None.
None.
4
we
None.
5,770
2,46 ^
1 700
5,494
511
TOO
9,490
1.540
2 1,703
2.055
89.650
4.906
47,295
201,693
Total 1883
Total 18S2
Total 1881
viction that the “bull” movement
The comparatively free
ture.
1878.
9,596
11,891
3,796
3,932
1,435
1,870
19,550
8,388
4,892
514
7,656
915
735
882
was
...
.
new
crop
The total sales for forward delivery foj the week are
542,200
bales. For immediate delivery the tote ) sales foot
up this week
8,114 bales, ineduding 1,650 for export, 5 c*9 for consumption,
845 for speculation and
in transit. Of the above, — bales
were to arrive.
The following are the official quotations for
each day ef the past week.
UPLANDS.
Srpt. 1 to
Sat.
Srpt. 7.
Ordiu’/.$tt>
Sept. 1. lSi-3 to Srpt. 7, 18o3.
Exported to—
-
Conti-
Total
nent.
Week.
Britain. Franu
3,572
3,731
3,752
Great
Continent.
Total.
TEXAS.
MonTue*
Sat.
Good Ord..
8tr. G’d Ord
Low Midd’g
Str.L’w Mid
79, G
8
8
813ifi
81-Vfi
813lf,
93s
934
93a
934
0*8
9%
Goad Mid.. 10*3
8tr. G’d Mid 10 %
Midd’g Fair 1 1 q
Fair
12
.
Wed
Ordin’y.^Tb
’7’.316
7uig
8
9-V,
10 *8
10(>
gi4
9110
959
it*%
1 iq
12
9^:6
12
Th.
91 IG
9%
10
1 9*31G
10
1010
10*3
1:1 %
11>4
Frt.
713,6
00 >
Sat.
UlOD. Tue*
713,6
7l3lfe
sq
9116
9*8
8q
sq
«q
l
9q«
9^8
91,6
9q«
M
10
10
10-3,6
10^,0
1038
1034
103j6
lO^s
10^4
103s
11
11
11
1 i
llLj
12 q
11*2
11*3
12 q
12 q
11L
124
11
11 lo
Fri.
Xb.
79lg
7U,6
7nlfi
7i31rt
71 ^ , 6
8b?
8 -*8
71-16
8q
8%
s:q
8tr. G’d Ord
IjOW Midd’g
9 8
934
Btr.L’w Mid
91
qb
Middling... ioi8
Fair
11 q
' 12
81j16
8>%6! 9lu;
9q
9%
934
10
10
9loi0
10-3 iQ
10 30
9l5i6
10*8
10*3
1034
liq
10iQ
10 bj
10 34
11*4
12
12
95s
11
11
*2
i2q
Good
Sat.
Ordinary
ft)
Strict Good Ordinary.
Low
Middling
Middling
93,8 ! 93,8
94
10% 6
103,o
1038
1034
10-4
10 34
11
11
11
111
11(3
i2q
11*3
114
124
111 4
,124
10
703,6' 713,f
8*3
•ilr,
r
6L
9»a
MARKET AND SALES.
'15,
',u16
j 83g
94
10
103,6 1103I6
UC4
104
Moil Xued Wed
713,fi
8b>
9 >3
Fri.
04o
9-4
83s
103a
10%
7
124
I
715,10
103,6
7
i 11
l’T8
H4
10
7
104
ill
Tli.
10
12 q
103 jg
|103s
124
-7 1 O
'
9%
95s
10
104
Wed
93,6
93,6
934
[ 10%
STAINED.
10
10316
Wed
9(q
953
10
103s
10%
8
Si:ji6
71316
10^
Strict Ord..
Good Ord..
Midd'g Fail j
I Ori
in on Tues
7%e
73,329
lUC-Iuaes
NEW ORLEANS.
1
43,974
Th.
il03s
1034
11
:11 *2
124
Fri*
7
7*8
7^8
713,6
7lr>io
8*2
71o16
85s
9
99,6
85s
9%6
‘o
♦
The total sales and future deliveries each day during the
week are indicated in the following statement.
For the con¬
venience of the reader we also add a Column which shows at a
glance how the market closed
on same
days.
3.572
3,701
SALES OF SPOT AND TRANSIT.
3,701
7.034
752
4,117
12,803
7,031
752
4,117
12,803
...
I cila leij. ii.ic
...
Total ISS1-S2
3.33a!
1 00
103
15.151
15 2:8
1.045
3,153
3.350
100
100
..
\*
100
3,456
100
4 217
g3,G02
15,151
4,324
4,217
23,(92
2,01 4
19 187
15.258
1.045
2 91 1
19 187
Includes exports trom Port Koval, Ac.
Includes exports from West Point,
little prema¬
a
a
Ex-
port.
Bat.. Quiet and steady
.Mon .;3JUil 1
Tues .'Steady
Wed .[Firm
rhurs Q’ttfcst’y.rev.quo
Fri.
Steady
.
.>
at best
was
advanced 3aC. and stained advanced
82,335
.
altimore
+
196,446
l-10(qd£c. To-day
large business for home consumption at un¬
changed prices, and middling uplands closed at lO^o.
there
CLOSED.
New York
*
15,432
except for September.
Cotton on the spot has been
fairly active for export and
home consumption.
There was no change in quotations until
yesterday, when strict good ordinary white and grades below
88,568|
Norfolk-1-
Total
16 713
j
FUTURES.
Con-
| Spec- Tran¬
sit
sump. ill' Vn
Total.
Sales.
■
Dtliveries.
....
Charleston
Wilmington..
‘
96,326
2,000
marketing of the
SPOT MARKET
..
4.100
To-day the opening was without much change,
though slightly irregular. Later there was an advance of 6@
8 points,
which was pretty well maintained at the close
florid*
Boston
9.612
stock already pretty full, kept September and the early
months from sharing wholly in the advance.
The chief in¬
terest on Monday and Tuesday was
in the winter and spring
months.
On Wednesday the early months received more
attention. Thursday opened dearer, but the^dvance was lost
33.743
Mobilo
Savannah
11.1
LS64
upon
33.303!
3,7(0
in
speculation in cotton for future delivery at this market
fairly active at steadily advancing prices during the first
half of the week under review,
crop accounts being unfavor¬
able and Liverpool having advanced.
But on Wednesday a
higher opening was followed b}r a sharp decline, under sales
to realize profits from
the late advance, and the growing con¬
*
Now Orleans..
7,813
0 .1
The
Good Mid.. 10^2
Btr.G’d Mid! 10 34
3,512
1
500
300
was
47,43 L
Galveston
-
39,894
30,054
Firit'n. France
No:,e.
11,002
91&16
Middling... 10 *8
rwOVai, &C.1
Wilmington includes Morohead City, <kc.; Norfolk includes
City Point, Ac.
The exports for the week ending this evening reach a
total
of 23,692 bales, of which 15,151 were to Great
Britain, 4,324 to
France and 4,217 to the rest of the
Continent, while the stocks
as made
up this evening are now 211,87S bales.
Below are the
-exports for the week and since September 1. 1882.
from—
39,905
3,618
6,34 5
None.
61,117
Exported to—
4.206
None.
2,000
72,612
Great
1,469
Other port-8
28.OSS
Exports
None.
None.
None
None.
None.
None.
33 303
From
Stock.
New York
729
Week Endin'} Sejtt. 7
Foreign
Total.
100
None.
600
708
lU&lUU
270
None.
..
1,656
luirt,
Leaving
Ooasttrise.
None.
None.
3.500
Savannah ..;
Galveston..
Norfolk
1,734
i mint,
|
cleared—for
Other
None
500
300
1 36°
L864
None.
None.
1,357
luuuuuo
France.
None.
None.
,
.....
Strict Ord..
In order that comparison
may be made with other years,
•give below the totals at leading ports tor six seasons.
1883.
Great
Britain.
not
.
were
„
'
276
....
Shipbbard,
at the close.
*
Brunsw’k, Ate
Charleston
years.
Sept. 7, at—
Cnamston
Total
335
549
Wilmington
Fri.
1,143
.
Brunsw’k, &c.
Royal, Ate.
Thurs.
1,741
....
1,1 To
Charleston
Wed.
911
....
Mobile
Pt.
Tues.
at
We add similar figures for New York, which
are
prepared for our special use by Messrs. Carey, Yale &
Lambert. 89 Broad 3treet.
week
Sat.
to-night also give
shipboard, not cleared,
Total
!
812!
500
1
i
1,650
....
6 48
772
2,477,
5.619
293
....
....
815
The daily deliveries given above are actually
vious to that on which they arc reported.
The Sales
and
Prices
ing comprehensive table.
1,412
51,600
4 52
910!
500
900
350
....
100
452
SI.600
1,410 88,300
1,2 41 1 57,900
1.122 86.300
2,177
76,500
8,114 542 200
400
600
300
300
200
200
2,000
delivered tite day pre¬
Futures are shown by the follow¬
In this statement will be found tta
of
CHRONICLE.
THE
270
daily market, the prices of sales for each month each day,
addition to the daily and total sales.
the closing bids, in
%
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Transferable Orders—Saturday. 1010c.; Monday, lO
10T5C.: Wednesday. 10-lOc.; Thursday, 1010c.; Friday,
Short Notices for September—Saturday, ] 0*0, wlO
10'00©10.07e.;
Tuesday,
lOe.; Tuesday,
lC-10e.
OOe.; Monday,
pd.
pd.
pd.
%24 pd.
•15
*61
"•lO
10‘07®10 08c.; Thursday, 10 OG@10’OSc.;
for May.
to exeh. 100 Sept, for Oct.
to exeh. GG0 Nov. for Jan.
to exeh. 400 Nov. for Mar.
to exeh. 400 Nov. for Mar.
to.exeh. 2.000 Oct. for Dec.
to exeh. 100 Dee. for May.
to exeh. 500 Dee. for Jan.
to exeh. 100 Feb. for April.
k-4
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M to
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•20 pd. to exeh.
•92 pd. to exeh.
•03 pd. to exeh.
for regular
03 pd. to exeh.
1,000 Oct. for Jau.
1.000 Sept, for Jan.
100 Sept. s. n. Sth
100 Sept. s. n. Sth
regular.
•OS pd. to exeh. 100 Sept. s. n. lOtli
for
for Oct.
100 Sept. s. n.
11th for rcgTar even.
S?
to
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exchanges have been made during the week.
*40 rxl. to excli. 400 Jan.
*04 pd.
•19 pd.
*45 pd.
•46 pd.
h-t
X
1C
Friday, 10‘05^1008e.
r
rs-’Wo ha^e included in the above table, and shall continue each
wetdc to "ive, the averairh price of futures each day for each month.
It
will be found under each day following the abbreviation “ Aver.” Tho
ftverafje for each month for tho week is also given at l^ottom of tablo.
The following
r*
sr
:
6p
k
^
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P
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M
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M to
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a
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-
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© © M to M M ©
© ©
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66
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Continental ports this week have been
H
M M M 1
M
^
CCOM
M © 1C X M *0 to
bb
or. 00
o
c
MM
M
490,071
745,491
©.
E©c©
I 6 tc:
544,350
509,613 ] L,126,761
778,500
1,609,230
coco
©
49,600
84,071
121,000
IS,000
20,000
© M
CCcP
^
218,000
©
©
c
H
-
1
coco
M
156,000
45.700
147,050
175,000
figures indicate an increase in the cotton in sight
to-night of 363,937 bales as compared with the same date of 1882,
a
decrease of 19,031 bales as compared with the corres¬
ponding date of 1S81 and an increase of 415,918 bales as com¬
pared with I860.
At the Interior Towns the movement—that is the receipts
for the week and since Sept. 1, the shipments for the week, and
the stocks to-night, and the same items for the corresponding
period of 1881-82— is set out in detail in the following statement:
O
^
MM mI1-*
M M c
© to
745,491
M~C,M
CD ij
C. ©
7,000
509,643 ! 1,126,761
©
XX
CI CJ
I 6
:
42,983
7,800
78,500
128,000
220,000
14,000
642.800
.
...
jggT The imports into
C.-l
i 6
8.240
4,050
71.000
154.941
25,550
1,652.080 1 .,288.143 1 L,671,111 1L, 236.162
7d.
51-1 iod.
7181.
7144.
^
©9
©
©X
0 •* !
111,353
182.000
91.000
2 18.978
16.000 bales.
The above
Si
b
©M
<i
M M
b
b
4—
9c
M
b
b
I f$e:
o
*’t p
.
Pi\
M M
H- f-*
k-
b
b
MM
I w to:
M7L M
bbc b
b
CD
3
C1-4
bb
M
s
*»
MM
i-4
I
2
Ci"
ci
10
X *1
Total East India, &o
Total American
h*
>
k
1
M
P6
OP
pi_
bj
b
Kx
379,000
108,000
554,000
o
<m£
!7
o©o©
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descriptions are as follows:
333.000
120,300
170.000
26,000
,
Egypt, Brazil, &c.,afloat..
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7,000
49.000
283.000
43.500
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838,671
121,000
71.000
18.000
151,941
25,550
Hast Indian,Brazil, etc.—
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175.000
91.000
20.000
213.978
42.933
267,000
70,000
.1,009,280
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8,240
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513,000
156.0C0
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211.878
37.292
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American afloat for Europe....
United States stock
United States interior stocks....
United States exports to-day..
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172.000
220.000
19,000
36,000
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Stock in U. 8. interior towns..
United States exports to-day..
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13,800
12,000
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[ndia cotton aiioat for Europe.
Amer’n cotton afloat for Eur’pei
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2,570
4,580
41,300
17,000
300
100,000
1,600
24,000
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77.200
8,120
40.100
11,000
8,200
103,000
10.000
55,000
1.150.8C 0
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Stock at Barcelona
Stock at Genoa
Stock at Trieste
11,200
1.S00
26,000
3,600
1,500
48,600
29,900
3,470
2,300
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4*i,200
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874,500
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8fcook at HaniDurg
8toek at Bremen
3 ock at Amsterdam..
3tock at Rotterdam
Stock at Antwerp
Stock at Havre
8cook at Marseilles
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consequently all the European figures are brought down
Thursday evening. But to make the totals the complete
figures for to-night (Sept. 7), we Add the item of exports from
the United States, including in it the exports of Friday only.
and
ChjSpS-
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The Visible Supply os Cotton to-night, as made np by cable
and telegraph, is as follows.* The Continental stocks, as well as
those for Great Britain and the afloat, are this week’s returns,
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The above totals show that the old
interior stocks have in¬
creased during the week'1,227 bales, and are
bales more than at the same period last year.
to-night.29,052
The receipts at
THE
8,1883.]
Seftemijer
CHRONICLE
271
bales
the s?,me towns have been 4,250
last year, and since September 1
are beginning to need rain rather badly.
more than the same week
Cotton-picking
the receipts at all the towns making good progress. The thermometer lias averaged 80,
are 4,200 bales less than for the same time in 1SS2.
ranging from 01 to 99.
Belton, Texas.—We have had no rain during the week.
Quotations for Middling Cotton at Other Markets.—In The
drought has done immense damage to the crop, and there
he table below we give the closing quotations of middling
is no relief
cotton at Southern ani other
principal cotton markets for each
day of the past week.
CLOSING QUOTATIONS FOR MIDDLING COTTON ON—
Week ending
Sept. 7.
Satur.
Galveston....
New Orleans.
Mobile
Savannah....
Charleston...
Wilmington..!
|
99io
9;,s
9%
9%
9^
9*8
9b
95s
y
*2
9 *4
1
Norfolk
!
Boston
10%
Baltimore.
j 10%
10%
Philadelphia.
Augusta
■ 9 -2 (i %
9%
9^
10*8
10%
10%
..
Memphis.. .J
9'-a
St. Louis
9-8
9-8
9-1.
i
Cincinnati...
Louisville
*
g
9->8
9*2^%
Wedncs.
Tucs.
JIon.
j
j
9*4
9%
9%
0%
!
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I
9*4
99ig
911ig
9%
9%
9*0
9-U
9%
95s
9 91G
9*2
9*4
10*8
10*8
10*2
9*4
9**18
9**ig
9**16
'
9*8
9%
9**10
99,6
9**16
9
9%
9laic
Fri.
9**ig
9*8
10*8
10*8
10*2
9*8
9 *8
9*58
9%
9%
Thurs.
9%
9%
-8
9**io
9**16
10%
10*810%
9*8
9%
9%
978
97s
9
9*4
9*4
9*4
10%
10*8
10*2
9 % d) *2
9%
9%
97s
9*4
78
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 some¬
times misleading, as they are made up more largely one year
than another at the expense of the interior stocks. We reach
therefore, a safer conclusion through a comparative statement
like the following.
In reply to frequent inquiries we will add
that these figures, of.course, do not include overland receipts or
Southern consumption; they are simply a statement of the
weekly movement from the plantations of that part of the crop
which finally reaches the market through the out-ports.
RECEIPTS FROM PLANTATIONS.
Week
Receipts at the Ports,
ending—
1881.
“
July
“
“
“
23.470
1
-1
12.395 91.230
13,889
| 1883.
17,7o9
1.011
CO 417
79 509
8 O49
1*5
42,843
74,047
12,937
2,012
33,434
68 702
64,23j
19.411
753
19,103;
15.199
9,580
11.914 ' 72.391
8.142, 11,024
20,
19,352
9,1C0|
9,208 65 750 31,022
2?
iot: si
17,8 Is
6.120
8.290j 53,‘271
7,004
52,411
24.440| 57,880
9.700!
48,273
21.093! 53,206
16.535! 52,010
0
3
10
13,002
1?
20,533
0,330
24
33.078
31
Sept. 7
40,722
.
...
72.012
10,303
71.003
45,371
12.332; 11,363 j 4C.49.'
23.032 22.9711 46.422
23.fi.ss! 33.3081 57.410
1882.
SS.210
13
017
1881.
50.'50
] i
“
“
4071 73
| 1882.
O
“
“
1SS1.
90
29
4,815
4,^11'
Aug.
!
1853.
1
June 22
jsf’fe atlnterior Towns. | Rec’pts from Plant’v.s
1 1882. !
28.270
,
01,029
14.327!
50,520
j
00,339
15,520
13.5191 53.570
1883.
1,872
7,052
5,139
11,115
5,3,6
4,085
8.67 >
2,780
5,086
985
11,582
3.321
8,894
5.020
1.438
17.030
9.113
30.199 10,144:
9,873
52,052 24,231 22.754
1.79b[
81 COO
•
9.081! 37,723
The above statement shows—1. That the total receipts from the.
plantations since September 1, in 1883,
were 37,728
bales: in
1882 were 33,777 bales;
in 18S1 were 100,553 bales.
2.—
That, although the receipts at the out-ports the past week were
33.308 bales, the actual movement from plantations was 37,728
bales, the balance going to increase the stocks at the interior
towns. Last year the receipts from the plantations for the same
week were 29,.(jS1 bales and for 1881 they were 83,000 bales.
Picking is progressing finely. The ther¬
averaged 82, the highest being 99 and the low¬
yet.
mometer has
est 05.
Luting, Texas.—The weather lias been warm and dry
during the week. The cotton crop is ruined. Picking is
making good progress, and will end earlier than ever known.
Average thermometer 87, highest 101 and lowest 73.
Ne w Orleans, Louisiana.—We have had no rain during the
week.
The thermometer has averaged 70. 7
/Shreveport, Louisiana.—Telegram not received.
Vicksburg, Mississippi.—Telegram not received.
Meridian, Mississippi.—Telegram not received.
Columbus, Mississippi.—It has rained on one day of the
week, the rainfall reaching fifteen hundredths of an inch.
Since picking has commenced planters are reducing their
estimates, on account of the large amount of seed cotton re¬
quired to make a bale. Average thermometer 82, the highest
being 104 and lowest 00.
Little Rock, Arkansas.—It has been cloudy on two days of
the week, and the remainder of the week lias been clear and
pleasant. The thermometer lias averaged 77, the highest being
93 and the lowest 58.
During the month of August we had
rain on seven days, and the rainfall reached two inches and
seven hundredths.
The thermometer averaged 77, the highest
being 94 and the lowest 01.
Last week we had rain on one day, and tlie rainfall reached
seventy-five hundredths of an inch. It was reported that cot¬
ton had stopper) fruiting, and rust was. causing considerable
damage on uplands.
The thermometer averaged 80, and
ranged from 03 to 95. Rainfall for August, live inches and
sixty-three hundredths.
Memphis, Tennessee.—We had a fine rain on Wednesday
night, the first since August 5th, the rainfall reaching ninety
hundredths of an inch.
Picking is going on in sections, but
will not become general until the 15th inst. The thermometer
lias averaged 70, ranging from 01 to 92.
We had nine days of
rain during August, and the rainfall reached one inch and
eighty-five hundredths, The thermometer averaged 70-8, and
ranged from 01 *5 to 94.
Nashville, Tennessee.—We have had rain on one day of the
week, the rainfall reaching fifty-two hundredths of an inch.
The thermometer has ranged from 55 to 90, averaging 74.
Mobile, Alabama.—We have had no rain during the week.
Picking is progressing finely, and will be completed at an un¬
usually early date. Average thermometer 80, the highest
being 94 and'the lowest 08. Rainfall for August, six inches
and fifty-four hundredths.
/ •
Montgomery, Alabama.—We have had rain during the
week, but not enough to do much good- The weather has in
general been warm and dry. Crop accounts are more favor¬
.
able.
Selma, Alabama.—We have had no rain curing the week.
Picking is making good headway.
The (thermometer has
averaged 77, the highest being 93, and the lowest 03.
Madism, Florida.— The weather has been warm and drv
Weather Reports by Telegraph.—There is a slight im¬
all the week.
Caterpillars are reported everywhere, and it is
provement in the weather conditions in some sections of the
South, but in Texas the drought continues. Picking lias claimed that great injury is being done. The Sea Island
Planters are
become general, and is making excellent headway in many cotton crop is reported to be cut oil" one half.
marketing their crop freely. Average thermometer 90, high¬
sections.
Galveston, Texas.—We have had showers, on four days of est 99 and lowest 74.
Macon, Georgia^We have had no rain during the week ;
the week, altogether insufficient. The rainfall readied seventyThere is no change in crop prospects. Good
iour hundredths of an inch.
A portion of the stock region of it is now cloudy.
The thermometer has
western Texas has received good rains, but nearly every other progress is being made with picking.
section of the State is still parched by drought, and the crop averaged 77, ranging from 01 to 92.
Coiambus, Georgia.—We have had no rain during the
prospect is going from bad to worse very fast. If rain does
not come within a week ic Avill be an injury rather than a j week.
Picking progresses finely." Tiie thermometer has
benefit to cotton.
Average thermometer 83, highest 1)0 and ranged from 75 to 92. averaging 83.
Savannah, Georgia.—It lias rained on one day of the week,
lowest To.
and the remainder of the week has been pleasant.
The rain¬
lndianola, Texas.—It has rained tremendously on four days
The ther¬
of the week, the rainfall reaching live inches and thirty-five fall reached fifty-three hundredths of an inch.
hundredths. The hard rain extended westward and south¬ mometer lias averaged 70, the highest being 89 and the
ward but none of any consequence has fallen east and north. lowest 05.
Augusta, Georgia.—The weather has been warm and dry
At Cuero there was only a light shower.
The rain will be
Picking is Snaking excellent progress,
of immense benefit to the cattle interest where it lias fallen, during all the week.
and planters are marketing*their crop freely.
Average ther¬
but the cotton region derives no benefit.
On Tuesday there
mometer 70, highest 94, lowest 01.
was a hard gale, the wind reaching forty-five miles ail hour,
Atlanta, Georgia.—The weather has been dry and unfavor¬
but no serious damage was done.
Picking progresses well.
able for the rapid-opening of cotton during the week. We had
The thermometer has ranged from 73 to 92, averaging S3.
rain on one day, but the rainfall reached only three hundredths
Dallas, Texas.—The weather has been warm and dry all the
an inch.
of
Tiie thermometer has averaged 75, ranging from
We are needing rain,
week.
f lood progress is being made
00 to 92.
with picking.
The thermometer has averaged 82, ranging
Charleston, South Carolina.—It has rained on one day of
from 04 to 100. ~the week, the rainfall reaching fourteen hundredths of an inch.
Brenham, Texas.—We have had no rain during the week.
There seems no salvation for the crop. Picking is making The thermometer has ranged from 00 to 90, averaging 70.
The following statement we have also received by telegraph,
satisfactory headway. " The thermometer has averaged 83,
the height of the livers at the points named at 3 o’clock
showing
the highest being 98, and the lowest 07.
September
0, 1S83, and September 7. 1882.
Palestine, Texas.—The weather has been warm and dry all
the week.
The drought has become dreadful, and much dam¬
Srpt. !, '83. Sept. h-T CO fri
age has been done.
flood progress in picking is being made.
Feet. Inch.
Fid. Inch.
Average thermometer 82, the highest being 95 and lowest 07.
O
12
10
New Orleans
Below hi-h-wati.r mark
Huntsville, Texas.—No rain during the week; we are burn¬ Memphis
1
7 ■;
10
G
O
l
u
1
ing up from drought, with very little hope of relief; much Nashville
11
0
10
5
Above low-water mark.
damage has been done. Picking progresses finely. The ther¬ Shreveport
2
11
Above low-water mark.
ing.
Vicksburg
mometer has ranged from 00 to 97, averaging 82.
Weatherford, Texas.—Tiie weather 1ms been dry and warm
New Orleans reported b-!ow high-water mark of 1371 until
all the week. There is no positive suffering as yet, but we Sept. 9, 1874, when the zero of gauge was changed to high-water
•>
...
.
.
THE
27z
CHRONICLE.
mark of April 15 and 16,1874, which is 6-10ths of a foot above
1871, or 16 feet above low-water mark at that point.
India'Cotton Movement from all Forts.—We have rearranged
our India service so as to make our reports more detailed and
At the same time more accurate. We had found it impossible
to keep out of our figures, as cabled to us for the ports other
than Bombay, cargoes which proved only to be shipments fr >m
one India port to another.
The plan now followed relieves us
and keeps the totals correct.
from the danger of this inaccuracy
rvoL. xxsm
Annual Cotton Crop Statement.—In
will be found
our
editorial columns
annual crop statement, with the usual facts
and information with regard to consumption, &c.
our
New York Cotton Exchange.—At the
on
meeting of members
Sept. 1, several speeches were
against the proposed amendments of the
Tuesday last, referred to
delivered for and
commission laws.
Mr. Thomas A. Patteson did not think that
the intended purpose, and recommended
price in selling futures, which is now only
1-100, should be raised to 1-32, namely, about equal to the low¬
BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR YEARS.
est rate of commission, paid at present by members of the
Receipts.
\Shipments this week.] Shipment* since Jan. 1.
Exchange ; also that certificates of delivery should be issued
This {
in order to do away with the injustice of the present system of
Year; Great \ Conti-\
| Great i OonliSince
Total.
Week. | Jan. L
\BriCn.j nent j
delivery, which in many instances occasioned a loss, cotton of
Britain nent.
1883! 2,000 1,000' 6,000 413,000 779,000 1,222,000 2,000,1.543,000 irregular quality on re-delivery being frequently re-classed as of
a lower description.
1882 13,00 j 4,000 17,000,736.000 594.000 1.330,000 6.000 1.610.00C
Mr. Walter T. Miller spoke in favor of the
832.000 3.000 1.14 8.000 amendment proposed by the Board and answered
1881| 2,000 4,0001 6,000 298,000 534,000
protests
837.000
5.00*
>| 1.077.000
1880!
! l.OoO 1.000;355.00‘:| 4^2.000
which were read by Mr. Henry Hentz and by Mr. F. W.
According to the foregoing, Bombay appears to show, a Williams, and by other parties, who paid two years ago.$5,000
fleer ease compared with last year in the week’s receipts of 4,000 for seats ; Mr. Miller’s argument was that they had had the
bales, and a decrease in shipments of 11,000 bales, and the equivalent, as they had saved $10 on every 100 bales bought
shipments since January 1 show a decrease of 103,000 bales. and sold since ; still we fail to see licw the use for a certain time
The movement at Calcutta, Madras and other India ports for the of a perpetual privilege paid for, extinguishes the privilege. An
last reported week and since the 1st of Januaiy, for two years amendment of the amendments made by Mr. F. W. Williams to
“Other ports” cover Ceylon, Tuticorin, refer the whole matter back to the Board was lost, and it was
has been as follows.
ordered that the proposed amendments be put to the vote on
Kurrachee and Coconada.
Friday, Sept. 7.
On Friday, however, all ilie amendments, as they required a
Shipments si nee Jan nary 1.
Shipments for the week.
two-thirds majority, were lost. The first five paragraphs in
Great
ContiGreat
Total.
TotaC
Continent.
relation to rates, &c., received 116 yeas and 108 nays, and the
neat.
Britain.
Britain.
last paragraph, in relation to salaried agents or clerks, received
Calcutta—
80 yeas and 144 i ays.
10,800
1883
34,000
94,300
Bombay statement for the week and
bringing the figures down to September 6.
We first give the
year,
they would
on
answer
that the difference in
•
r
.
"
800
800
1882
Madras—
1883
1882
All others—
18*3
1882
104,700
The visitors this week have been
130,600
31,900
F. II.
2,800
2,800
4,000
......
4,000
4.0Q0
7,400
6.000
1,200
Total all1883
1882
8,800
6,000
1,000
52,400
4,LOO
21,000
43,000
10,000
8.600
12.300
4,000
7,400
13.500
6,400
20,700
27,100
09,700
18,200
62,700
118,500
20. ,100
13,400
14,500
56,500
136,700
262,800
Cutchin, N. C.
Fred. Hang, G: orgia.
follows
as
:
li. Leigh Wo sley, Liverpool.
C. F. F. ILd1, Memphis.
J I). Weld. Savannah.
W. S. Roberts, Augusta, Ga.
Leioy Davidson, North Carolina.
C. M. Little,’North Carolina.
.John M. I’liee, Richmond, Va.
W. IT. Hardin, Chester, S. C.
R. lJ. Thompson. Scotland.
Steward Nicholson, New Orleans.
J. Y.S. Mitchell, Norfolk, Va.
Lilt ins Green, North Carolina.
j Dr. Barry, Augusta, Ga.
Holmes Boisseu, Petersburg, Va.
J. A. Warwick, Petersburg, Va.
i J. G. Harrison, Petersburg. Va.
G. B. McCrary. Clinton S. C.
1
L. A. McCord, Clinton. S. C.
'
i
R. R. Blakely. Clinton, S. C.
I II. Lavila.
The above totals for the week show that the movement from | II. II. Kigg.s, Charleston, S. C.
W. F. Alexander, Augusta, Ga.
IT. C. Davidson. Montgomery, Ala.
the ports o:her than Bombay is 600 bales less than same I). I). Gastin. South Carolina.
J. E. Holmes, Chailegton, S. C.
week last year. For the whole of India, therefore, the total ship¬ C. V. Bo lie, North Carolina.
W. D. Holmes Charleston, S. C.
C. F. Hutchinson, N> rfh Carolina.
ments since January 1, 1883, and for the corresponding periods W. T. Robinson, Eufaula, Ala.
J. P. Quinn, Eastenton.
of the two previous years, are as follows.
II. R Jolmstou.,Shreveport. La.
B. J. Keec.lt, Tarboro, N. Carolina.
Walter C. Boykin, Augusta, Ga.
Richard Ilarker, Liverpool.
EXPORTS TO EUROP1I FROM ALL INDIA.
J. W. Fulmer, Memphis.
P. E. Hiade, Liverpool.
C. A. Johnston. MississippiA. E. Smith South Carolina.
1883.
1882.
1881.
J. R. Mathews, Newberry, S. C.
Gen. Ii. F. Patterson, Memphis.
Shipments
C S. Bowman, Newberry, S. C.
A. J. Laudon, Wilmington.
to all Europe
This
Since
This
Th is I
Since
j
Since
week.
Jan. 1. j week. I Jan. 1.
from—
wepk. \ Jan. 1.
Jute Butts, Bagging, &c.—There has been a fair
jobbing
bagging during the past week, and considerable
All oilier ports.
12,800
136,700i 13,4oOj 262,800
stock has been worked off. Large parcels have not been
Total
18,800 1,358,700: 30,400 1,392,300
6,300 1,020,800
inquired for, buyers showing no disposition to take more than
This last statement affords a very interesting comparison of the actually required. Prices are a shade fiimer, holders now
total movement for the three years at all India ports.
quoting 9%c. for 1
lbs., IOJ4C. for 1% lbs., 11c. for 2 lbs. and
Alexandria Receipts and Shipments.—Through arrangements IlMc. for standard grades, but round lots are obtainable at a
discount from these rates. Butts have been taken to a moderate
-we have made with Messrs. Davies, Benachi & Co., of Liverpool
and Alexandria, we now receive a weekly cable of the movements extent at steady 'rates, and sales are reported of some 5,000
of cotton at Alexandria, Egypt. The following are the receipt s bales at 1 15-16@2Vfc., as to grade. The transactions for the
and shipments for the past week and for the coiresponding week past mouth foot up 25,000 bales, part spot and part to arrive,
of the previous two years.
leaving the total visible supply 179,741 bales. At the close the
market is steady, at 1 15-10@ 2c. for paper grades and
Alexandria, Egypt,
2%e. for bagging qualities.
1883.
1882.
IE 81
Sept. 6.
Bombay
6,000
1,222,000|
6.000
300
17,003,1.330,000
832,000
18S.800
1
demand for
Comparative Port Receipts
!
Receipts (cantars*)—
.
This week....
Since Sept. 1
j
::::::
1
This
week.
!| This
Since
Sept. 1.
Exports (bales)—
To Liverpool
jl!
.
Since
!
week. Sept. 1.
|
;
A
This j Shirt
week. 'Sept. 1
i
i
1
i
t
To Continent
Total
*
Europe
1
;
'
i
'i
i
j
j
••••••••
A. cantar ip OS lbs.
This statement shows that the receipts for the week ending
Sept. 6
were
cantars and the shipments to all
were
bales.
Eurcq
] K.83.
d.
1882.
“
20 sq
**. 2 / | 8 q
Aug. 3 8 q
4
•*
<i
10 8 11
17
11
21 8q
"
it
9
®
0
d>
v
j
5
3 i
,5
SV.5
Sept. 7
*7* 5
“
MU.
Shirtings.
a
*•
OolCn
aq tbs.
;
d. s.
9 q r>
9 Ab 5
l)
5
5
9
*.»
.5
9
5
July 0 S Lj ft
13;8*% ®
Monthly
Receipts.
j
8ept’mb’i
to-night states that the market is quiet with limited business
at unchanged prices.
We give tne prices of to-day below,
and leave previous weeks’ prices for comparison.
32# Cop.
Twist.
comparison of the port movement by weeks is not accurate
as the weeks in different years do not end on the same day of
the month. We have consequently added to our other standing
tables a daily and monthly statement, that the reader may
constantly have before him the data, for seeing the exact relative
movement for the years named.
The movement each month
since September 1, i882, has been as follows.
d.
9
9
8
8
8
8
6
6
s.
hi
ill
a 1
Wl
W7
d
3
I lo
0
Vpl
d.
'-:V,
-
1C
5Lc
Til
G
1 c,
0
0
0
511
in
6
2>7
'Hi
a;
6
ft 1
0
•
>
•' *
5 !*t
51 11
d.
9‘->i*»®loq
90i«®10 q
0
0
0
,■
Q1
Cop.
6
0
<JG
d\VB 6
9‘Jjo^ioq 6
9-q @10 q 6
9:g orlOVc 6
iH-is® 97s
ii 978
„
Shirtings.
a.
6
6
930 fb [)‘f 6
9:q d 9 V 6
.
\CotV
;
yrirf
\ Uj)h s
d.
s.
<L i
4G@>7 l()io
4 nj
7 10 G
4G@7 1<jG
6
o8 0
|
0
ii S
0
|
6
October..
@8
0
(>
@8*0
|
6
I
@8 0
4 G <r 7 10 *3 ‘
4G dl lOqj
d.
67s
615 j
January
February.
April
May
..
....
June
July
August...
ft
615ig
71io
7
Beginning September 1.
1880.
1881.
1882
1879.
,
Corret’ns-
752,327
595,59s
482,772
284,519
185.523
73,501
42,299
53,386
24,837
333,6431
!
63,079
36,390
45,143
17,844
1877.
93,491
288,8 4 >
689,204
942,2721
779,237
822,493
956,464
,647,140
447,918
261,913
392,66 5
616,727
564,821
302,955
900,119
284,216
190,054
131,871
158,025
166,459
110,006
84.299
88,455!
29,472
7.3,572
1 L5,l 14
54,258
13,938
67,372
18,031
197,965
96,314
42,142
20,240
34,56 4
42,714
458
52,595
'475,532
257,099
147,595
113,573
1878.
888.492;
458,47s
853,195
968,318
974,013 1,006,501
996,3v‘7 1,020,302
571,70i
487,727
291,992
572,72*
429,777
326,650
930,584
Novemb’i 1,094.0. 7
Deeemb’r 1,112,536
March.
8q lbs.
lwist.
;#
d
■’
3‘2s
Year
e
Manchester Market.—Our report received from Manchester
I
Daily Crop Movement.—
and
123
1
!
Total year 6,019,738 4,720,364 >6 00 p-
'
578,533
689,610
472,05 1
340,525
1
O Ci n 5,001,672
4,447,276 4,345,645
71 ln
('0(5
7%
71s
7
receipts Aug. 31.
Corrections
Total port receipts.
.
99 62
100*00
S9 15
99*99
98*79
00*33
00*00
00*85
00*01
01*21
100*00
100*00
100*00
100*00
100*00
September
THE • CHRONICLE
8, 1883.]
This statement shows that up to Aug. 31 the receipts at the
ports this year were 1,299,374 bales more than in 1881-82 and
145,648 bales more than at the same time in 1S80-S1. The
receipts since September 1, 1883, and for the corresponding
periods of the five previous
1883.
Sept.l—
“
1881.
1882.
5,055
2,765
2....
3.
have been as follows.
years
1880.
“
3....
7,215
"
4...
3,996
5,868
S.
“
5....
6,169
3.396
18,853
8.
10,182
3.
4,927
4,224
4,799
14,754
27,338
61,703
51,761
16,024
30,006
00-45
01*31
00-83
00-32
0067
6....
4,969
5,636
“
7....
8,194
4,193
33,308
Percentage of totr l
port rec’ots Sept. 7
*■
2,101
7,116
8.
9,315
4,103
This statement shows that the
receipts since Sept. 1 up t«
5,970 bales more than they were to the same
day of the month in 1882 and 28,395 bales less than they were
to the same day of the month in 1881.
We add to the table
the percentages of total port receipts which had been received to
September 7 in each of the years named.
fco-night
are now
The Exports
Cotton from New York this week show
of
and direction since
September 1, 1SS3, and in the last column
period of the previous 3rear
A ug.
23.
A ug
Sept.
10.
a**-
b.
12.732
Liverpool
Other British ports
1,211
3,67 5
2.205
7,701
Total to Great Britain 13,943 10,910
Havre
Other French ports
1,627
Total French
1,627
o
7,93
8,701
op-
Sept. 1.
4.003
Philadelp’a
398153
Total...
13.023
2,218
500
109
752
Below
850
100
850
2,563
latest mail dates:
18.392
604
add the clearances this week of vessels
we
cotton from United States
carrying
ports, bringing our data down to the
New Orleans—For Liverpool- Sept. 5—Steamer Counsellor, 3,651.
hoston—For Liverpool—Sept 1—Steamer Marathon,
Sept. 3—
Steamer Bulgarian,
Baltimore—For Liverpool—Sept. 3—Steamer Caspian, 627
Sept. 5—
Steamer Bernard Hall, 2.729.
For Bremen- Sept. 1—Steamer Strassburg, 100
Sept. 6—Steamer
.
America,
.
Philadelphia—For
Liverpool—Sept. 1—Steamer Lord Clive, 100.
Below we give all news received to date of disasters to .vessels
carrying cotton from United States ports, &c.:
Lessing, steamer (Gei‘3, Voss, from New York, August 23, for Hamburg,
was spoken
August 28. lat. 45:44, Ion. 44:20, with crank shaft
broken, and refused assistance from steamship Spain (Br.). at New
•
York, September 2, from Liverpool.
Cotton
freights the past week have been
Satur.
Liverpool, steam d.
Do
Do
follows:
as
Do
13 161
7,934
13,161
752
752
1.045
7
sail
a mba
as
]s
....
....
EC
710*
•X9*
7io;
Wednes.
Tuts.
c.
‘
....
J8
....
7 ' *
r
....
....
....
Baltic, steam
V
V
nl./
“17
V
"s'
4i! eeloiiu,steam.e.
teuoa, steam
Compressed.
'
....
33-
....
....
...
150
t50
....
....
V
V
V
V
15 IS'
nlV
'V
“is*
V
lli«'
•V
t50
...
;
7ie*
....
V
....
150
150
710*
7l';”
”l3
....
*8
Asnst’d’m, steam.c.
Do
sail...d.
d.
7uD
i'j-
....
V
rg, steam .d.
sail
d.
Pei.
....
V,*
,
That’s.
c.
Bremen, steam, .c.
500
i
....
c.
sail
Mon.
'•
a3
sail...d.
Havre, steam
1
150
68'
1 Per 100 lbs.
Liverpool.—By cable from Liverpool, we have the following
sales, stocks, &c., at that port. We
add previous weeks for comparison.
statement of the week’s
1
i
Genoa.
Total.
oOi
12,803
2,963
!/car.
7.434
.
tree-
Iona.
2,563
398
153
period
prevTus
csince
7.4 ; L
50.)
1,090
burg.
2,963
Sana
Total
A ug.
Ram-B
men.
2,075
Do
Exported to—
Bee-
Baltimore..
Exports of Cotton (bales) from New York since Sept. l. is*-3
ending-
nacre,
752
New York.
N. Orleans.
same
Week
null.
50J
pool.
7,434
a
decrease, as compared with last week, the total reaching 12,803
bales, agaiust 13.294 bales last week. Below we give our usual
table showing the exports of cotton from New York and their
direction, for each of the last four weeks ; also the total exports
the total for the
'
Liver¬
S.
4,051
our usua
follows:
are as
5.708
1,848
1,391
2,264
9,069
/ ^1)3 /
«
Total
6,474
particulars of these shipments, arranged in
form,
Boston
1873.
3,490
5,037
5,669
10,512
5,600
10,356
2,890
1879.
The
273
4,003
752
752
1,045
i
..1
400
100
100
850
100
S50
1,297
-
Bremen and Hanover
298
302
....
Hamburg
Other ports
48
1,080
211
600
Total to North. Europe
1,339
IT
940
500(
950
950
2,563
2,563
604
604
3,167
3.167
2,314
*
Spain, Op’rto, Gibraltar,&<•
All
other
Total Spain, &c
Grand Total
13.204 12,803
The Following
are the
Gross Receipts
of
12,803
Cotton
16,520
at New
York; Boston, Philadelphia and.Baltimore for the past week,
and since September 1. 1S83:
j
New York,
Receipts
This
week.
from—
i
1 Philadelphia.
Boston.
j This ! Since
l.j week. Sept. 1.
This
week.
Since
Sept,
N. Orl’ans
2,9-3
2,983
Texas....
Savannah
Mobile...
Florida.
4,394
4,39*
70S
j Since
Sept.l.
Baltimore..
This
week.
-T ug.
•
Sales of the week
bales.
Of which exporters took
Of which speculators took..
■sales American
Actual export
Forwarded
Total stock -Estimated
A ug.
17.
Aug 31
46 00
47,500
5,106
3.200
7,700
909,000
631,000
27,000
20.Oof
28.000
t
;
Wednes.
Tuesday.
Saturday Monday.
Spot.
i
Market-,
\
2:30 p.m.
j
.lid
Mod.
55fl
Upl’ds
This year.
Last, year
9.3 18,
i
16,691!
Shipping
8 ales
Sneo.A.
^
-
Firm.
511 h
5111 (*
51*,.;
5 1 * 1(;
ezo.
!
......
......
......
;
......
,
*
16,7211
......
Market, (
2,009
2,0 JO
1 2.0
to <
)
Steady.
Steady.
Very qui t
Quiet.
Dull.
Market,
(
Barely
steady.
Easy.
Steady.
Barely
steady.
Dull.
!
News.—The exports of
cotton from the
\
5“hj
51*16
>
1 ()/>' Ml
1,5 J 9
1W*The prices arc given in
and 6 03
means
-
100
.
Philadelphia—To Liverpool, per steamer British Prince,
• IBM f ■MIB|t|> If I 9 ■ 0 • » • 9
pence
.
«M
i.53..
MflVVIlllMIIIMIBI
500
752
10 )
850
2,563
60 t
2,075
2,963
Mon., Sejy.
Open High' Low. Cl os.
d.
d.
!
5 40
5 38
5 39
Oet.-Nov....
....
....
Open High
1
5 38
O
<>•
Tries., Sept, 4.
...
.
<L
Open High Low. Clou.
Lou:. cw.
d.
d.
d.
d.
d.
d.
d.
....
....
...
—
5 39
5 41
3 39
5 39
5 11
341
540
...-
5 41
5 37
5 30
5 37
5 39
5 3J
5 1
•
5 38
5 39
5 40
5 40
5 iO
5 40
Nov.- Dec... 5 39
5 39
5 39
5 3
1
5 39
5 40
5 38
5 38
5 40
5 40
5 39
5 40
5 38
5 31*
5 35
5 38
5 40
549
5 39
5 39,
5 40
5 40
5 40
5 40
5 41
5 41
5 41
541
5 42
54;
5 42
3 4‘2
5 43
5 43
5 43
5 43
5 44
5 44
5 44
541
5 45
5 45
5 45
5 45
5 40
5 40
5 40
5 46-
Mar.-Apr... 5 47
April-May.. 5 5)
May-J une..
June-July..
5 47
5 11
5 47
•5 49
5-19
5 4?
5 47
5 50
5 50
5 50
5 5;
5 51
.5 50
55
j ....
| 5 51
551
5 51
5 51
Dec.-Jan....
Jan.-Feb
Feb.-March
July-Aug...
18,392
d.
September.
Sept.-Oct...
••••
393
153
and 6 kths, ih ns: 5 62 means 5 02-64(7.v
1
d.
7,434
but
eadv.
6 3-6 Id.
Sat., Sept. 1.
New York—To
.
Quiet
ct
otherwise stated.
1
Liverpool, per steamers City of Montreal, Oil
( ity of Richmond, 1,404.. .Gallia,
.Italy, 2,161
Rosse, 720
Wisconsin, 1,100
To Hull, per steamer Otranto, oOO.
To Havre, per steamer Normandie, 752
To Bremen, per steamer Salier, ICO
y..
To Hamburg, per steamers Haiiimouia, 250
Silesia, 600..
To Barceloiia-, per steamer Cristobal Colon, 2,563
To Genoa, per steamer Washington, 604
New Orleans—To Liverpool, per steamer Yucatan, 2,075
Baltimore—To Liverpool, per steamers Nessinore, 1,470
Oranmore, 1,493
Boston—To Liverpool, per steamers Cephalonia, 298
Illyrian*.
Flat.
'
The opening, highest, lowest and closing prices .of futures at
Liverpool for each day of the week are given- below. These
prices are on the basis of Uplands, Low Middling clause, unless
Total bales.
12.00.1
2,0 JO
10
(
night of this week:
• • •
•
1,050
10,-s-m
2:30p.m.
5 P. M.
United
States the past week, as per latest mail returns, have reached
18,392 bales. So far as the Southern ports are concerned, these
are the same exports reported by telegraph, and published in
the Chronicle last Friday. With regard to New York, we
include the manifests of all vessels cleared up to Thursday
Tota1..
7,000
1,000
Quiet.
Futures.
......
9,34Si
.
Frutav.
.....
207j
..
23.000
ThursfVy.
Firm-
5r’s
5*4
559
5*4
5:U
mm.Orl’us
inq.
freely
supplied.
Firm.
Steady.
......
-f
207
Tann.. <fec.
foreign
60
14*0
106,000
1
Virginia..
North, pts
758;
5,700
831,000
548,000
29,000
6,700
6,000
■
......
60
148
4.7W
The tone of the Liverpool market for spots and futures each,
day of the week ending Sept. 7, and the daily closing prices
of spot cotton, have been as follows.
] Since
Sept. 1
798j
758,
2.200
48,000
501.000
29.500
19,000
123,000
16,000
.
S.Car’liua
N.CarTiua
4.100
33,500
9,5 On
867,000
29,090
17,000
125,000
18,000
142,000
65,000
11,500
4,500
.
3,900
Sept. 7.
47.500
5,800
2.00
33.000
4,200
4.900
891.090
612,000
33,500
Of which American—Estim’d
Total import of the week
Of whicn American
Amount afloat.
0“ which American
24
....
....
....
....
,
.
...
....
....
....
....
....
....
....
...
....
•
....
....
....
....
...
....
....
....
....
....
....
....
....
...
THE CHRONICLE.
274
j
Weilnes., Sept. 5.
CZos.j
Open High IjOW.
Thurs., Sept
6.
.
FLOUH.
Fri„ Sept. 7.
Open High Low. Clos.
[VOL. XXXVII.
No. 2 spring...#
No. 2 winter
Open High Low. Cloa.
bbl. $2 45®
2 75 ®
Superfine
3 25®
8pring wheat extras..
d.
d.
d.
d.
1
d.
d.
d.
d.
!
d.
d.
d.
545
5 45
5 45
5 45
1
5 43
5 45
5 43
5 41
!
5 43
5 43
5 43
5 43
gept.- Oct... 541
5 41
5 43
541
j
!
5 42
5 42
5 42
5 42
5 41
541
5 40
5 41
5 41
5 42
5 41
5 41
5 40
o
41
5 40
5 41
do bakers’...
Wis. & Mien, rye mix.
Minn, clear and stra’t
Winter shipp’g extras.
5 49
5 41
5 40
541
5 30
5 40
5 39
5 33
Patents, spring
!
5 41
5 41
5 40
541
44, j
5 44
5 41
543
544
5 47
5 17
5 47
5 47
!
5 50
5 50
5 50
5 50
5 53
j?eptoml>er.
«frct.-Nov....
542
5 43
542
5 43
’S»y.~Dec..
5 42
5 43
5 42
5 43
5 43
544
5 43
5 44
5 42
5 42
5 41
5 42
J&n.-Fet)....
5 46
5 47
5 40
547
j
541
5 44
5 44
•j
JP*fr.-Miireh
5 48
5 50
5 43
547
5 43
5 47
5 47
3far.-Apr... 5 51
A prO-May.. 5 51
31aj-June.. 5 58
Jane-July..
5 53
5 51
5 50 ;
5 53
5 51
5 51
5 51
5 51
5 56
551
5 50
551
5 55
5 54
5 511
5 00
5 57
5 50
5 57
5 57
5 57
5 57
J-nJy-Aug..,
j
....
5 53
....
d.
5 52
....
1
....
....
....
....
....
....
....
....
....
....
...
....
....
....
....
....
“’1
....
....
....
Flour during most of tlie week has been dull both for do¬
foreign account, and prices have declined in
depression beiDg most notable in new patents and
grades of new, as well as winter clears and straights. The
are
well
supplied, and this fact will account for
the slowness of the trade with Great Britain.
flour have been
sew
was
firmer, with
an
larger.
The
G 40
4 15
Corn meal—
Rye flour, superfine..
3 75®
7 75
5 75
4 15
Western, <fec
Brandywine, <feo....
3 00®
3 40®
3 40
3 50
3 75 ®
5 50® 7 50
Corn—
Spring,per bush.
Spring No. 2
®
®
......
1 08
1 153.121
1 02
®1
8 > ®1
®
50
®
62
®
67
®
Red winter, No. 2
Red winter
White
White No. 1
Corn—West, mixed
West. mix. No. 2.
White Southern..
Yellow Southern.
White No. 2...
receipts of
Yesterday, however, the market
active trade for export, 12,000 barrels of
selling at $5 25@f5 70, tlie total sales for the day
bemg 27,000 barrels.
This movement was stimulated in a
by
was
a
stronger market for wheat.
To-day tlie market
fairly active and firm.
Wheat has been rather
active
speculation, but the
export trade has, as a rule, been only moderate. Prices have
fallen from 2 to 3/»ic., options showing the greatest depression
more particularly the later months.
Large receipts at the West
and the favorable crop prospects had a depressing effect for
some days, but later on cooler weather, and some decrease in
th# receipts at Chicago, led to covering by the short3 both here
and in that market, and a portion of the early decline was
more
®
65
69
74
®
®
®
72
76
35
41
34
35
17
16
Rye—Western
10
Oats—Mixed
32
White
No. 2 mixed
No. 2 white
Barley nominal.
32*2 $
3334 i>
State &, Canada..
.....
61
62 h*
68
•3 A
®
Exchange.
We first give the receipts at Western
Lake and River ports, arranged so as to present the comparative
movement for the week ending Sept. 1 and since Aug. 1 for
each of the last three years:
Flour.
Receipts at—
Wheat.
Corn.
Oats.
Barley.
on
Cleveland....
48,512
30,509
2,732
2,20
2,565
St. Louis
35,474
719,731
135,539
17,710
0,500
277,155
Chicago
Milwaukee..
Toledo
Detroit
....
514,050
2,879,959
04,755
875,051
3,290
235,100
107,5 JO
025
15,450
304,720
20,000
5,701
10,451
3,641,333
1,971,200
4,771,27.
Peoria
Duluth
Tot. wk. ’83
151,078
Same wk. ’82
136,052
2,028,610
3,312,920
Same wk. ’81
•
1,399,008
28,928
302,823
32,800
51,873
45,217
41,400
253,561
002,933
12,050
208
10,025
30,041
1,105
13,979
12,390
0,0 X)
47,300
2,420,527
01.705
2,559,540
881,427
50,483
405,1! 3
130,251
149,005
■
500
149,247
2,491,616
215,437
SinceAug.l—
1883
700,010
11,028,237
13.6 "4.17<
1882
098.837
13.135,775
1881
874,031
9,717,319
7.1S9.901
22,078,200
7,082,3'3
7,973,537
109,978
122,321
3 52,057
4.008,310
1,202,517
380,824
555,737
The comparative shipments of
same
pons
four years,
flour and grain from the
from Dec. 25, 18S2, to Sept. 1, 1883, inclusive, for
show as follows:
Flour.
bbla.
Wheat
bush.
recovered.
Com
Cats
terial
Barley
Rye
The export transactions, moreover, showed a ma¬
increase, yesterday running up to 350,000 bushels, and
this fact also infused more strength into the market.
During
the week No. 2 Chicago and Milwaukee spring wheat has sold
at
07>i, new white State at $1 15 to $1 18>i, aud new red
Southern at $1 IS to $1 20 delivered.
To-day the market was
% to %c. higher on the spot and options, after some early de¬
pression, also advanced slightly with a fair business ; No. 2 red
sold at $1
15% for September; $1
17/4 for
$>clober; £1
1&1£ for November; £i 20%@ vl 21;}s for
Rye.
Bbls.imbe Bush.QO lbs Bush.5ftlbs Bush.32 lbs Bush AS lbs Bush.5Q lbs
-
«tt mill extra
measure
61
62
some
instances, the
British markets
5 00®
4 OO ®
Wheat—
York Produce
Friday, F. M., Sept. 7, 1883.
other
O®
7 25
6 00
The movement of breadstuffs to market is indicated in the
statements below, prepared by us from the figures of the New
BREADSTUFF S.
mestic and
<
Patents, winter....
$5 50®
City skipping extras. 5 25 ®
Southern
;bern bakers' and
family brands
5 GO®
South'n sLip’g extras. 4 25®
GRAIN-.
5 52
....
4 CO®
5
3 00
3 50
3 80
5 OO
0 40
5 GO
1881-82.
1880-81.
1879-80.
4,845,620
G,007,GOO
2,076,057
2G.181.553
4.051,783
31,261,011
4S.78S.817
22,964,939
2,166,669
3,353,405
1,685,167
36,640.510
72,034,734
24.760,071
2,215,588
1.808.G08
45.921.54G
93,916,042
18,529,048
1.800,294
137,265,839
10G,367.503
142,5G>,170
161,889,614
72,132,123
30,953,935
Total grain
Below
1882-83;
5.811,652
are
the rail
1,722,711
shipments from Western lake and river
ports for four years:
1883.
Meek
Flour....
Sept. 1.
1882.
Week
Sc pi. 2.
63,654
102,293
265.305
605,853
689,976
150.919
bbls.
Wheat..
bush.
1881.
Week
1880.
Week
Sept. 3.
3,812
Sept. 4.
lOu.081
13
403,011
416,609
582,974
985,182
58,048
59,517
1,257,819
631,688
1,624,308
1,551,759
and $1 22%'@$L 23% for January. The sales on the Barley.
14,817
16,593
117,141
Rye....
57,398
97,321
61,736
pot included No. 2 red at $1 15% iu elevator and #1 16%@
$1 17 delivered, No. 3 red at ?1 12 and No. 4 at 95%c.
Total
2,69
2,745,615 2,517,393 2,132,330
Indian corn has been rather irregular. Within a day or two
The rail and lake shipments from same ports for last four
ibe foreign demand here has improved, but the
speculation weeks were:
has kept within moderate limits throughout the week. At one
Week
Flour,
Wheat,
Corn,
Oats,
Barley,
Rye.
hots.
endina—
bush,.
bush.
bush. '
bush.
bush.
4ime the fine weather at the West, and the liberal receipts
at Sept 1...169,752 1,078,109 3,299.193 1,097,918 11,817 177,963
the great Lake marts had a depressing effect on the quotations, Aug. 25... 193,375 2,290.110 1.975.674 1,362,601
9,623
261,854
Aug. 18... 139,520
2,511.223
934.932 -13,345
221,493
'Sat a fall in the temperature and unverified rumors of frost Aug. 11... 113.431 2,584.957
1,4/9,511
2,188,826
8.678
817,666
58,423
ed to some covering of contracts both here and at
Chicago, Tot., 4 w... 651.078 8,039.017 10,007.924 4,813.150 46,461 719,733
And something of a rally in prices. The reaction has not been 4w’ks 82..633,151 .8.376,099 4.051,193 5,309.935 39,656 195,020
'Harked, partly for the reason that the demand from the shorts
The receipts of flour and grain at the seaboard ports for the
has not been large; partly because the
week
ended Sept. 1 follow:
prospects point to an
enormous crop, probably the largest ever raised in
this coun¬
Flour,
Wheat,
Oats,
Corn,
Barley,
Rye,
At—
obis.
bush.
bush.
bush.
bush.
bush.
try, and partly because of the large quantities already pouring New York
120,881 1,011,380
811,695
972,471
20,201
8oston
into the distributing markets of the interior.
67,067
206,050
8,203
81,595
3,250
To-day there was Portland
985
11,500
5,400
a fair demand and cash corn advanced
218
19,447
335,575
slightly; options opened Montreal
450
142,793
Philadelphia... 20,449
230,300
39,500
500
133,150
lower, but recovered and* advanced slightly ; No. 2 mixed was Baltimore
23,33 7
22.283
801,102
49,412
43,210
at 60%@(51c. for September, 61 %c. for October and
409
8,123
0,315
00%@60%c. New Orleans... 5,887
December
;
it
-
for November.
Bye has sold fairly at
some
and nominal. Oats have been
decline.
more
active
Barley has been dull
latterly at advancing
prices, though earlier in tlie week the market as steadily de<xliiisd, owing to large receipts at tlie West. The cooler weather
atibe West within
few
days has partly caused the upward
lorn, though this is more due to the usual
sympathy with a
in corn. To-day tlie market was >i@lc.
higher ; No. 2
mixed- sold at 33%@34c. for September,
34%@35c. for October,
c.
for November and 39c. for
wTlie following
a
are
closing quotations
December.
:
Total week... 257,053 2,470,257 1 .263,072 1 ,221,450
Cor. week ’82.. 230,890 4,318,620
562,051 1 ,924,544
3.230
1,200
61.394
3,706
The total receipts at the same ports for tho period from
Dec. 25, 1882, to Sept. 1, 1883, compare as follows for four
years!
Flour
Wheat
Com
Oats
Barley
Rye
1882-33.
18SI-82.
1830-31.
8,35 0,366
7,396,38 k
8,666,220
bush. 39,059,13 3
59.831,048
43.631,32 2
22.897,489
19,007,215
2.219,769
2,883,933
18,276,993
bbls.
Total grain ....12 >,094,466
2,292,78 3
1,061,617
93,163,709
1879-80.
6,575.096
61,172,130
82,203,400
76.013,029
19,366,305
103,587,742
15,801,447
2,029,753
95 4,210
.1,245,704
181,535,462
1,592,993
201,439,291
THE €HRONICLE.
1883.]
The exports from the several seaboard ports for week
Sept. 1, 1883,
Exports
from—
are
Flour.
Bbls.
56,026
New York
Boston.
Portland.
Montreal.
Philadel..
Baltim’re
N.Orl’ns
Corn.
Oats.
Bush.
Bush.
Bush.
345.612
718,270
79,567
264,758
’Too
608,601
105.034
2,667
33,172
128,988 1,337,542
933,710
171,269 4,013.564
5,445
42,542
..
18,255
7,812
3,660
118.571
cottons
Rye.
Peas.
Bush.
235,123
Bush.
423
583
15,445
1,862
235,706
15,868
1.428
91,922
6,408
1,762
93
.
Total w’k.
8’me time
1882.
..
The destination of these exports is as below.
corresponding period of last
year
Flour.
Wheat.
1883.
.1882.
1883.
to—
Week,
Week,
Week.
Sept.
1.
Sept.
Jib/s.
2.
Bbls.
Un.King.
84,700
Contiu’nt
S.&C.Am
W. Indies
Brit. Col’s
Otli.c’nt’s
1.635
10,892
10,011
20,331
813
111,268
18,250
16,447
11.659
12.795
850
Sept.
1.
Week,
St pt. 2.
Bush.
Bush.
788.624 2.457,415
548,351 1,556,149
567
1883.
1882.
Week,
Sept. 1.
Week,
Sept. 2.
Bush.
Bush.
722.893
120,335
58,659
28,232
128,988
171,269 1,337,542 4,013,564
1,148
4,192
40
8 551
105
938,710
5,445
The visible supply ot grain, comprising the stocks in granary
at the
principal points of accumulation at lake and seaboard
ports, and in transit by rail and water, Sept. 1, 1883, was as
follows:
In store at—
New York
Do. afloat (est.)
Albanv
Wheat,
bush.
3.357.026
.**
Oswego
8r. Louis
Cincinnati
Peoria
Indianapolis
Kansas City
Baltimore
Down Mississippi.
On rail...,£..;
On lake
On canal
bush.
500
9.300
21.000
24,900
52,073
537,000
115,293
29,338
320.725
52.203
2,123,000
603,000
1,175,842
1, <559,539
40,919
57,509
156,226
172,523
90.000
30.837
225.000
59.549
1,165
1,875,955
506,136
30,537
148.751
114,847
10,902
42.586
10,660
8,578
1,834
700
52.347
149.485
30.517
111
341
29,812
15,501
678.426
4,301
219.900
435.831
2,266,725
430,997
574,203
2,050,000
12.549
99.415
84.195
45.400
128.525
138.832
1 14,946
59,022
......
56,396
51,725
1,099
22,768
210
8,558
39.45 L
875,082 2.032,337
80.154
4,261,393
18,025
115,51 6
149,732
121,533
22,661
202,000
Tot. Sept. 1/33. 21.40I.7S8 1I.487.S14 4,100.107
Tot.'Am;. 25. ’83. 20,71 1.251 10,200.803 3.007,805
Sept. 2.’82. 12,015.505 0.251,732 5,808,404
Sept. 3, ’81. 10,507,048 22.057,173 7.007.450
Sept. 4/80. 14,715,405 10,011,208 1,025,853
goods
agents experienced
suitings, sackings, cashmeres, fancy worsteds, &c. Hosiery
were in fair
request, and a steady business
was done in fancy knit woolens, as
cardigan jackets, nubias,
scarfs, mittens, &c.
Foreign Dry Goods have met with increased attention from
retailers, and a very fair trade in silks, velvets, dress goods,
&c., was done by importers and jobbers. Cloakings and cloaks
were fairly active, and considerable orders for
spring woolens
(adapted to men’s wear) were booked by importers. For linen
goods, white goods, laces and embroideries, there was a steady,
though moderate, inquiry, and prices are fairly maintained.
The auction rooms presented no features of special
importance,
and few of the sales were entirely satisfactory to the
consignors.
63,561
Importations ol' Dry Goods.
23,900
271.102 1,527,854
354,096 1,576,573
87,560
449,105
370,833
510.672
264,407
573,613
The
importations of dry goods at this port for the week
ending Sept. 6, 1883, and since January 1, and the same facts
for the corresponding periods of 1882, are as follows:
H
ft
o
p
ct-
5
P
2
t—
O
.
“
<7+
P*
&
P
®
o.
®
p
P
Friday. P. M., Sept. 7, 1883.
The most
important feature of the past week’s business has
been a substantial improvement in the jobbing trade, which has
become quite active, not only in this city, but at nearly ail
prominent distributing points throughout the country. There
was, consequently, a freer demand for both domestic and foreign
goods at first hands, and altogether the volume of business has
been of very good proportions.
The event of the week was a
trade sale of 6,500 cases blankets, horse blankets and lap robes,
the production of several well-known.mills. The sale was very
largely attended by jobbers and leading retailers from all parts
of the country, and the large line of merchandize was promptly
closed out and widely distributed. The prices obtained were
certainly low and by no means remunerative to the manufact¬
urers (averaging from 15 to 20 per cent below agents'
quota¬
tions), but perhaps as good as could be expected in the present
condition of the market for goods of this class.
There was also
a public sale of rugs, mats and carpets (the production of the
Glenham Mills) and the goods were all sold, but at low average
prices.
Domestic Cotton Goods.—The exports of cotton goods for
the week have been 2,360 packages, of which 713 were shipped
China, 601 to Great Britain, 271 to Argentine Republic, 196
to U. S. of Colombia, 112 to Smyrna, 101 to Brazil and lesser
quantities to other markets. There was a better demand for
plain cottons at first hands, brown and bleached goods, wide
sheetings, cotton flannels,^ &c., having severally been more
to
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TRADE.
1
m
Ct
GOODS
S
i§:scel Flax Silk. Cp:ot Wool asnuft
P
o
DRY
jobbed freely, and
constant call for duplicate parcels of wool
and knit underwear
•
OB •
THE
a
were
....
190.354
46.100
1,226,000
auction sale referred to above.
All-wool and wrorsted dress
58 000
82,752
0
in first hands because of the
77,180
625.612
116,445
120,450
Philadelphia
46,800
25,400
Rye,
bush.
448
5,291,000
136,341
611
Boston
Toronto
Montreal
Barley,
100.000
•1,500
Buftalo
Chi cairo
Milwaukee
Duluth
Toledo
Detroit
Oats,
Corn,
bush.
bush.
683,397 1,351,233
heavy cassimeres and suitings, worsted coatings, &c., resulting
a fair aggregate business, and orders to a moderate amount
were placed for clothing woolens
adapted to the spring trade.
Operations in the latter were, however, conducted on a most
conservative basis, confirming the belief that a good many
light-weight clothing woolens have been carried over from last
season.
Satinets and Kentucky jeany were in fair
request, and
a moderately good business was done in
cloakings, while the
demand for Jersey cloths was exceedingly brisk. Flannels
continued to move steadily, but blankets were relatively
quiet
#
■
Total...
Domestic Woolen Goods.—There was a steady call
by
clothiers and cloth and dry goods jobbers for small parcels of
in
Corn.
1882.
bers alike.
We add the
for comparison:
Exports
for week
Tot.
Tot.
Tot.
active, but few large transactions were reported, and colored
were mostly quiet, because
jobbers have not yet dis¬
posed of the goods of this class bought at the late trade sales.
Agents’ prices have not materially changed on the most staple
cotton goods, but a reduction of %c. per yard has been made
on some makes of brown
sheetings, in which the fabrics of the
Atlantic Mills participated. The. jobbing trade in plain and
colored cottons was quite active, and fully up to the average of
former years at a like period. Print cloths were in moderate
demand and steady at last quotations, and a fairly good
business in prints and ginghams was done by agents and
job¬
ending
shown in the annexed statement:
Wheat.
275
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276
W-w
■■
jm—
THE CHRONICLE.
Wm
■
“SElestcrtj
■.■■■■■■■
....
HELENA,
M.
27uhUcations.
Bank,
Brinckerhoff, Turner
& Co.,
T.
UNITED STATES DEPOSITORY.
Capital,
$250,000
COTTON SAILDUCK
FONES, 5 STATE BANK, ) C. T. WALKER
President,
\ Incorporated 1875.j
Cashier.
Capital (Paid in)
-
CANVAS,
FELTING
DUCK,
CAR
COVERING, BAGGING, RAVENS DUCK, SAIL
TWINES, &C., “ONTARIO” SEAMLESS
BAGS, “AWNING STRIPES.
ARKANSAS.
-
Also, Agents
S250.000
-
-
UNITED
Prompt attention given to all business in our line.
N. Y. Correspondents.—Donnell, Lawson & Co
and the Metropolitan National Bank.
A full
financial (Companies.
E. R.
AGENTS FOR
Hosiery and Yarn mil*
.
CONTENTS.
Railroad Securities.—
A Statement of
Bliss, Fabyan & Co.,
or
Full information as to details, rates, &c., can be
obtained on application to head office, 17h Broad¬
way, N. Y.
Wm. M. Richards, Prest. John M.
Crane, Sec’y.
New York, Boston,
Outstanding,
.
AND
Philadelphia,
Mitchell. Wm. M. Richards.
SHEETINGS,
Towel
are
United
.
OF
Cash Capital
1300.000
CashAssets
400,000
Deposit with Insurance Depart ment
214,000
President:
Vice-President:
8ir. Alex. T. Galt.
Hon. jas. Ferrier.
Managing Director: Edward Rawlings.
NEW
No.
YORK
year
SAMUEL BUDD.
NORTH AMERICA.
Fine Custom Shirts
Over
the
Shirts
17 8
BROADWAY.
TOMPKINS, Secretary.
Directors.—Joseph W. Drexel,
ance
I). J.
antee
New York
A. L
Hopkins. H. Victor Newcomb, John Paton, Daniel
Torrance. Edw. F. Winslow. Erast us Wiman.
assertion
that
Bonds
our
Baltimore.
States
Securities—For
the year
and
Stocks
New
in
York—For tho
1882, and to July in 1883.
and
Stocks
Boston—For the year
in
,3882, and to July in 1883.
Specialty.
Twenty Years’ experience
rants
OFFICE:
our
or
York, Boston
1882, and to July in 1883.
Bonds
The Guarantee Co.
and the Earnings for Four
sold in the markets of New
Philadelphia
Quilts, White Goods Sc Hosiery
I>?'ills, Sheetings, <&c., for Export Trade.
BUSINESS.
Bonds
and
Highest and Lowest Prices, Monthly.—
PRINTS, DENIMS, TICKS, DUCKS, Ac.
Suretyship.
Stocks
the
Years Past, of all Railroads whose securities*
SELLING AGENTS FOR LEADING BRANDS
BROWN Sc BLEACHED SHIRTINGS
Directors—George T. Hope, G. G. Williams, Geo.
8 Coe, Charles Dennis, J. 8. T. Stranahan, A. B.
Hall, A. S. Barnes, S. B. Chittenden, II. A. Hurlout
W. G. Low, David Dows. J. D.
Vermilye, Alex.
OTHER
PRICES; DIVIDENDS.
15 Chauncey Street,
BOSTON.
Co., Atlantic Cotton Mills,
Peabody MIIIn,
Clileopee Mlg. Co.,
llerton New Mills,
White Miff. Co..
Saratoga Victory Mfg. Co.,
moderate charges.
2he bonds of this Company are
accepted by the
courts of the State of New York.
,
;
Ocean Mills
Companies, Managers, Secretaries and Clerks of
Public Companies, Institutions and Commercial
Arms, can obtain suretyship from this Company at
NO
Street,
NEW YORK.
YORK.
ACCIDENT INSURANCE.
Policies issued against accidents causing death
totally disabling injuries.
DESCRIPTION; INCOME
MUDGE, SAWYER Sc CO.,
43 A 45 White
Officials of Banks, Railroads and
Transportation
Honds of
supply, all Widths and Colors, always in stock
No. 109 Duane Street.
SUCCESSORS TO
FIDELITY «fc CASUALTY CO.
NEW
JULY, 18 83.
STATES BUNTING CO.
Joy, Lincoln & Motley.
Honesty Guaranteed
OF
Railroad Securities
COTTON
Bank,
ROCK,
OF
And all kinds of
IX G.
German
HAND-BOOK
Manufacturers and Dealers In
C. A. Broadwater, Pres’t. A. G. Clarke,V.-Pres’t.
E. Sharpe, Cashier.
LITTLE
[Vol. XXXVI
■
jankers.
Montana National
:i
—
Bonds
war¬
and
the year
Dress
Bonds
Stocks
in
Philadelphia—For
1882, and to July in 1883.
and
Stocks-in Baltimore—For the
unequaled for style, appear¬
year 1882, and to July in 1883.
and workmanship.
We guar¬
Range of Prices by Years.—
in all cases a perfect fit.
Yearly Range of
are
Active Stocks in
SAMVEL
BUDD,
Broadway & 24th Street, New York.
Auction titles.
1881,
1852, and to July, 1883.
Dividends.—
Dividends on Railroad Stocks sold at the
2hibli cations.
STOCKS and BONDS
At Auction.
The
“Its Value Increases
Undersigned hold REGULAR AUCTION
A ID
BONDS
ON
LIVING
ack.
WEDNESDAYS AND SATURDAYS.
ADRIAN II. MULLER A
No.
SOX,
7 PINE STREET. NEW YORK
(Commercial (Cards.
—
—
THE GREATEST LIVING
Authors, such us Prof. Mnx
Muller, Right lion. W. E.
Gladstone, Jus. A. Fronde,
Prof. Huxley. |{. A. Proctor
Edward A. Freeman, Prof.
Tyndall, Ur. W. 11. Carpen¬
ter, Frances Power Coblie,
Professor Goldwin Smith,
The Duke ot Argyll, Win.
Hindi,
Miss
Thnckerny,
Mrs. Miiloclc-Craik,
Geo.
MacDonald. II rs. Oliphnnt,
Jean Ingelow,Tlios.llurdy,
W. 11.M a 11ock, W. W. St ory’
—Matthew Arnold, Ruskin,
Tennyson, Hrowmng, and
presented in the pages of
OFFICE
CARPETS.
OCCUPANTS OF OF
FICES take notice.
Before buying your Carpets
Linoleum Oilcloths, or Mattings, cull at BEND
ALL’S
Misfit Carpet Store. 114 Fulton
bisement lloor
Cheapest place in New York.
R
o
pe
.
STEEL AND CHARCOAL
IRON of superior quality
suitable for MINING AND
/<*■/
<7"ir/yiJ-
!
Y^ W HOISTING
PURPOSES,
\ lnc^ned Planes, TransmisO10}j8ion
of Power, &c. Also,
1
V
Y« o
]*
uGalvaimed Charcoal and B B
ViShips’ Rigging,
\\;fv8 1 °n bridges,
Ql#v
lv
^
many
others,
are
inclusive.
Railroad
THREE
Derrick Guys,
Ferry Ropes, Ac.
A large
stock constantly on hand
from which
any
desired
lengths are cut.
FLAT
STEEL AND IRON ROPES
tor Mining purposes manufuctured to order.
Broadway, New York.
AND
A
Earnings.—
Gross Earnings
by months since Jan. 1,1880
Price in Red Leather Covers,
-
-
u
•
*
To Subscribers of the
$1 25
»
Chronicle, $1 00
re¬
The Living Age has been published for
nearly
forty years,and has met with continuous commen¬
dation and success. Weekly Magazine, it gives more
than
WILLIAM B. DANA Sc
CO.,
*
>
70
&
81
WILLIAM
STREET.
NEW
YORK
QUARTER THOUSAND
double-column octavo pages of reading matter year¬
ly. It presents in an inexpensive form, considering
its great amount of matter, with freshness, owing
to its weekly issue, and with a satisfactorv com
insurance.
Eleteness
publication,
the
attempted
no other Serial
est Essays,
Reviews, by
Criticisms.
and Short
MUTUAL LIFE
Stories, Sketches of Travel ana Discovery. Poetry,
Scientific. Biographical, Historical and Political In¬
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odical Literature.
It
is
therefore invaluable to every American
reader, as the only satisfactorily fresh and COM¬
PLETE compilation of an indispensable current
literature,—indispensable because it embraces the
productions of
THE
Suspen-
JOHN W. MASON A CO.,
t48
1883, and during the six years, 1877-1882
Littell’s Living Age.
HOUSEKEEPERS AND
Wire
phia and Baltimore, paid prior to July in
Every Year.”
Churchman, jV. Y
‘
SALES of sill classes of
STOCKS
Exchanges in New York, Boston, Pliiladele
n
ABLEST
all branches of
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INSURANCE COMPANY
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F.
S.
WINSTON,. President.
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14TH, 1842.
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