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g a ttfu c ts
THE CHRONICLE.
1883;]
S e p t e m b e r 8,
^ xoM xs.
am t
g a n tie r s
Cahoone & W esco tt,
WM.M. EARL,Memb. N. T. St’ck Ex. G. H. Sta y ne r ,
A. H. Danton .
Special.
A. H. Mure .
Earl & D ayton ,
B A N K E R S AND
B R O K E R S ,
55 TO 59 DREXEL BUILDING,
N ew Y o r k .
STOCKS AND BONDS BOUGHT AND SOLD
________ STRICTLY ON COMMISSION.
BAN KERS AN D BROKERS,
N o . 7 N a s s a u S tree t, N e w Y o r k .
P -H umbert ,
E dw ard s . Benedict.
Member N. Y. Stock Exch’ge,
' Member N.Y. Produce Exch’ge.
W illia m
W o o d , Huestis &
&
D A V IS .
J. D. Prence, J as W h itely , H. Cruger Oa k l e y .
HARRY C. L ogan ,
Ma y n a r d C. Ey r e .
W. R. Travers , Special Partner.
Prince & W h itely ,
No. 6 4 B R O A D W A Y , N E W Y O R K .
( B r a n c h Office, 1 8 0 F i f t h A v e .)
All classes of Railway and Mining Stocks bought
and sold on Commission.
Private Telegraph Wires to Philadelphia, Wilming
ton, Baltimore, Washington, Boston, Bridgeport and
New Haven.
Wm . D. H atch ,
Member N. Y. Stock Exch.
W m . B. K en dall .
8c eKWt/boi^
No. 31 W A L L
BAN K ERS
AND
Transact a General Banking Business
Stocks and Bonds bought and sold on Commission
*o"i!SriL?ecei/iei? *2. Mining Stocks, and in Unlisted
Securities. Collectionsmade and Loans Negotiated.
Dividends and Interest Collected.
T .
Deposits received subject to Draft.
InterestAllowed. Investment Securities a Specialty
We issue a Financial Report Weekly.
B r a n c h Office, 3 2 0 B r o a d w a y .
Connected by Private Wire.
Jos. C. W alcott ,
) Members of the N. Y. Stock
Fr a n k F. Dickinson , j - and Mining Exchanges.
H atch & Foote,
Execute orders in all securities listed at the New
York Stock Exchange. For Sale,
First -Class Railro ad First mortgage Bonds.
GEORGE C. WOOD- C. H. HUESTIS. L. M. SWAN
P ollock,
B A N K E R AND B R O K E R ,
25 PINE STREET, NEW YORK.
Buys and sells on commission, or carries on margin,
all securities dealt in at the New York Stock Ex
change
G o .,
31 PINE ST., NEW YO R K ,
B A N K E R S AND B R O K E R S ,
SUCCESSORS TO
MEMBER N EW ' YORK STOCK EXCHANGE,
'g x t ä x x s .
BANKERS AND BROKERS,
N o . 2 4 P in e S treet, N e w Y o r k .
TRANSACT A GENERAL BANKING BUSINESS
AND BUY AND SELL INVESTMENT
„
,
SECURITIES.
Have constantly on hand and for sale Western City
and Farm Mortgages, hearing 7 to 8 per cent interest.
W E S T E R N M U N IC IP A L BON DS
BOUGHT AND SOLD.
Circulars with fall particulars mailed on application.
WOOD
STOCK B R O K E R S ,
2 E x c h a n g e C o u r t * 5 2 B r o a d w a y ,N .Y .
Stocks, Bonds and U. S. Government Securities
Bought and Sold on Commission.
Ja s . D. Simons,
Bev e r l y Chew .
Member N. Y. Stock Exchange.
Member N. Y. Produce Exchange.
a m t
J. C . W a lco tt & C o .,
BANKERS,
N o . 3 3 N a ssa u Street N e w Y o r k ,
STOCKS AND INVESTMENT SECURITIES
T IM E LOANS N E G O T IA T E D .
Stephen Cahoone , Jr .. ■ W m , p . W escott.
Member N. Y. Stock Exchange.
Simons & C h ew ,
l a t t i t i
John F. Star k
George Stark & C o .,
BONDS,
W m . P . H um bert & C o .,
g ro h e r s.
George St a r e .
N o . 3 N e w Street & N o . 8 2 B r o a d w a y ,
GOVERNM ENT
a n d
in
STREET,
B R O K E R S ,
Refer to Messrs. Fisk & H atc h .
B A N K E R S , N o . 1 2 W a l l S tr e e t,.N . Y .
We makeU. S. Bonds and Investment Securities a
specialty, execute orders In STOCKS and BONDS,
for cash or carry the same on margin. We transact
a general BANKING business and ALLOW INTER
EST on DEPOSITS. Branch Offices, connected by
private wire, Norwich, Conn., Gloucester, Mass., and
131 Devonshire Street, Boston, Mass.
H enry Bros. & W arfield ,
BROKERS IN
STOCK S A N D RON DS, U N L IS T E D
S E C U R I T I E S A N D M IN IN G - S T O C K S ,
No. 52 BROADWAY.
Douglas H e n r y /
Ch arles Seton H e n r y ,
Member N.Y. Stock Ex. Member N.Y.Min. Stock Ex.
Dan iel W a rf ield .
I.
F . M ead &
C o .,
STOCK BROKERS,
80 R R O A D W A Ï, N E W X O R K .
Branch Office with Private Wire at 23 West TwentyThird Street.
Buy and sell on commission for investment or on
margin, all securities dealt in at the New York Stock
Exchange.
R. R. L e ar .
I. f . Mead ,
t . h . Curtis .
___________ Member N. Y- Stock Exeh.
W alston H. B rown .
Fred . a . B rown .
H erbert P. Brown .
W alston H . Brown & Bros
RANKERS,
St e w a r t B ro w n ’ s Sons,
N o. 38
P IN E
Sim on Borg & C o .,
N o. 8 W A L L S T R E E T , N E W Y O R K ,
DEALERS IN ALL KINDS OF
Railroad and Investment Securities
Southern Securities a Sp e c ia l t y .
M em b e^ L Y Stock Exch.
BANKERS A N D BROKERS,
W ALL
new
YORK.
Bachem,
(F ormerly LIMBERT & CO.),
B A N K E R
ANB
B R O K E R ,
19 & 21 NASSAU ST., NEW YORK.
Member o f New York Stock Exchange.
Stocks and bonds bought and sold on commission
for cash or on approved margin. Collections made
throughout United States.
G ilm an , Son & C o .,
BANKERS,
N o.
62
CEDAR
STREET.
In addition to a General Banking -Business, buy
and Sell Government Bonds and Investment Securi
ties.
J ohn P o n dir .
A ugustus Nath a n
Pondir &
C o .,
Stocks, Bonds & Investment Securities
20
c ß C o .
R A IL R O A D
R A N K E R S ,
N o. 18
W A L L
S T R E E T ,!
N ew Y o r k ,
Transact a General Banking Business, including
the purchase and sale of STOCKS and BONDS for
cash or on margin.
B u y a n d S ell I n v e s tm e n t S ec u rities.
P. 0. BOX 2,647.
A. M. Kidder . W a y l a n d T rask , h . j . Morse
W. C. Hill .
( o li lJ f S .p o U D E N S J
e n
^
in s
r£ eu u yO R K >
Purchase and sell on Commission GOVERNMENT
and RAILROAD BONDS and STOCKS, and all
classes o f Securities-dealt in at the NEW YORK
STOCK EXCHANGE, or all reputable Securities
bought and sold in the OPEN MARKET. LOANS
and COMMERCIAL PAPER negotiated. Interest
paid on DEPOSITS, subject to check.
ß o o d tj,
M s lr e iia u
&
B A N K E R S ,
S o .
5S Broadway, cor. Exchange Place, N. Y
Branch Office, 1 2 8 L a Salle St., Chicago.
TRANSACT A GENERAL BANKING BUSINESS
INCLUDING THE PURCHASE AND SALE OF
STOCKS AND BONDS FOR CASH OR ON MAR
GIN. BUY AND SELL INVESTMENT SECURI
TIES. INTEREST ALLOWED ON DEPOSITS
SUBJECT TO CHECK AT SIGHT.
P. 0. Box 447.
D A. BOODY,
C. W. McL ellan Jr .
R euben L eland .
^X ^aU au& ct RM j
BANKERS,
U N IT E D B A N K B U I L D I N G ,
W a l l S treet, C o rn e r B r o a d w a y .
BANKERS AND BROKERS,
N ew
S T R E E T ,
Y ork.
Read & Stafford,
B A N K E R S
AND
B R O K E R S ,
M ills B u i l d i n g , N e w Y o r k .
All securities dealt In at the New York Stock Ex
change bought and sold on commission for cash or
upon margin.
* J. E. R ead .
W. F. Stafford ,
Member New York Stock Exchange
Members New York and Chicago Stock Exchanges
also New York Mining Stock Exchange.
R o ls t o n & Bass,
BANKERS,
B R O A D ST R E E T , N E W VORK|
Stocks, Bonds and Miscellaneous Securities.
Correspondence Solicited.
Quotations cheerfully furnished.
W m . Elliman .
Buttrick & E llim an,
1 8 W a l l S treet. N e w Y o r k ,
—Railroad bonds a specialty—
—Investors are invited to correspond.—
—Information cheerfully given.—
—Fourteen years’ membership in Stock Exchange.—
—Orders by mail solicited and promptly attended to.
Randall &
W ierum,
50 E XC H AN G E PLACE,
Brokers in Railroad Stocks and Bonds,
GOVERNMENTS & FOREIGN EXCHANGE.
W . H . Goadby & C o .,
W A L L
Railroad & Miscellaneous Securities.
Southern Securities a Specialty.
C. A. Buttrick .
market'8 executed on the kondop and European
8
BANKERS AND BROKERS,
UNITED B A N K BUILDING,
BROADWAY AND WALL STREET, NEW YORK
DEALERS IN
20
E X C H A N G E P L A C E , N. Y .,
N o.
S E C U R IT IE S .
R . A . Lancaster & C o .,
,
-B A R K E R S 2 5 f l N £ § T. -
STREET,
Dre x e l b u il din g ,
H.
Y ork.
C. H umbert.
E . C . H um bert & Son,
C.
S tree t, N e w
SPECIAL ATTENTION GIVEN TO THE NEGO.
TIATION OF
STREET,
NEW YORK.
Stocks And Bonds bought and sold on Commission*
N o. 2 9
N o . 2 0 N a ssa u
Ch a s . K. r a n d a l l ,
Otto C. W eibum .
Member N. Y. stocK Exchange.
H ow ard Lapsley & C o .,
BANKERS AND BROKERS,
STOCKS, BONDS di COMMERCIAL PAPER.
Stocks and bonds bought and sold on commission at
New York Stock Exchange. Advances made on busi
ness paper and other securities.
N o.
24
B R O A D
N ew
S T R E E T ,]
Y ork.
[VOL. XXXV11
TH E CHRONICLE.
IV
g a tx lu e r s
'g o x z ïQ U
m iti g r jc r ïfe m
T S young ,!JR..
Sid n ey E. morse .
Member N. Y. Stock Exchange.
D e Tw entsche
Bankvereeniging,
Y o u n g & M orse,
b a n k e r s
a n d
b r o k e r s
,
(fr m x w L lw u
% m ü ix x s.
B. W. BLIJDENSTEIN & CO.,
No. 29 BROAD STREET, NEW Y O R K .
' Transact a general Banking and Brokerage Busi
ness in Stocks, Bonds.and Miscellaneous Securities.
A iU S T E R D A I I , - - - - H O L L A N D .
ESTABLISHED 1861.
Subscribed Capital, 8,000,000 —Guilders ($8,200,000.—)
Paid-Up Capital, 7,861,700«
($3,144,680.-)
Reserve Fund,
1,258,874 34 '*
■($ 503,550. )
BAN KERS AND COMMISSION MERCHANTS,
H e a d Office, A m s te r d a m .
2 E x c h a n g e C o u r t, N e w If orle.
BRANCHES :
L o n d on —EXCHANGE & INVESTMENT BANK,
B.
W, BLIJDENSTEIN & Co.
^ K u h s^ ^ x x o l¡0 r U ü ta t£ .
Nos. 55 Sa 56 Threadneedle Street, E. C.
Sh erm an s. J ewett , Pres, J osiah JEWETT.V-Pres P a r i s —A ncienne m aison L eon Sa Dreher ,
COMPTOIR DE CHANGE, LIMITED,
W il lia m 0. Cornw ell , Cashier.
112 Rue de Richelieu.”
U nttordam —DE WISSEL-en EFFECTENBANK.
$ 3 0 0 ,0 0 0 , E nschede—B. W. BLIJDENSTE1N, J R ..
C A P IT A L ,
A lm e lo -LEDEBOER & CO.
BU FFALO, N. Y .
Transact a general Banking and Commission Busi
This bank has superior facilities for making col ness in Bills, Stocks, Shares, Coupons, Ac.
lections on all accessible pbints m the United
New Y ork Correspondents :
States, Canada and Europe. Liberal terms extended
to accounts of bankers and merchants.
Correspondents .—New York, National S hoe« Messrs. KNAUTH, NACH0D & KÜHNE
Leather Bank; London, Union Bank o f London.
Bank o f M ontreal.
Blake
The
Brothers & C o.
LONDON, EN G LAN D ,
City
NEW YORK OFFICE,
N o s. 5 9 & 6 1 W A L L S T R E E T .
WALTER WATSON,) »«rents.
ALEX’R LANG,
J g
Buy and sell Sterling Exchange, Francs and Cable
Transfers; grant Commercial and Travelers’ Credits,
available in any part of the world; issue drafts on
and make collections in, Chicago and throughout the
Dominion of Canada.
Bank,
(LIMITED,)
LONDON, ENGLAND.
A u th orized _C a p ita l, - - - - - ¡£ 4 ,0 0 0 ,0 0 0
S ubscribed C ap ita l, - - - - - 4 ,0 0 0 ,0 0 0
Paid-Up Capital, - - - - - -
Solicit accounts and agencies o f . Banks, Railways
Corporations, firms and individuals, upon favor,
able terms; also orders for the purchase and
sale o f Bonds, Shares, &c., &c., on Commission
on the Stock Exchange.
Negotiate Railway, State and City Loans, and
Issu e Commercial Credits available in all parts of
the world.
INederlandsch Indische
1,000,UUU
R e s é r v e F u ad , £ 5 0 0 ,0 0 0 .
TTTT.AT) OFFICE, THREADNEEDLE ST.
L o n d o n Office, N o . 9 B ir c liin L a n e .
a g e n c y
B
k
No. 52 W A L L S T R E E T .
Buy and sell Sterling Exchange and Cable Trans
fers. Issue demand drafts on Scotland and Ireland,
also on Canada. British Columbia, Portland. Oregon
San Francisco and Chicago.
C I R C U L A R NO TE S issued in Pounds Sterling
available in all parts of the world.
Bills collected and other banking business trans
acted
D. A. McTAVISH, ? *eents
actea*
'
H. ST1KEMAN. 5 Agents.
I
G zow ski & Buchan,
Bank o f Australasia,
BANKER'S AND STOCK BROKERS,
T O R O N TO , CANADA.
Prompt attention given to Collection of Commer.
eial Bills and Canadian Funds on all points in Canada,
American and Sterling Exchange, and Stocks, Bonds,
etC o S o n d r a dts-Bknk of New York. New York;
nd Alliance Bank. London-
(INCORPORATED 1835.)
4 T Jireadneedle S t., L o n d o n , E n g la n d
PAID-UP CAPITAL, £1,200,000.
P a id -U p C a p ita l, 1 2 ,0 0 0 ,0 0 0 G u ild e rs UNDIVIDED PROFITS (Including Guarantee and
Reserve Funds), £479,376.
( $ 4 ,8 0 0 ,0 0 0 G o ld .)
Letters of Credit and Drafts issued on the llO
HEAD OFFICE IN AMSTERDAM.
branches of the Bank in the Colonies of Queensland,
Agencies in Batavia, Soerabaya and Samarang.
New South Wales, Victoria. South Australia, Tasma
nia and New Zealand.. Bills negotiated or sent for
Correspondents in Padang.
Collection. Telegraphic Transfers made. Deposits
BIssue Commercial credits, make advances on ship received in London at interest fpj.
periods en
ments o f staple merchandise, and transact other terms which may ^ ^ g | dsa^ V ,^ e c r e t a r y .
business o f a financial character in connection with
; the trade with the Dutch East Indies.
BBUCE B L A K E B R O T H E R S & C O .,
BANKEBS,
BR EM E^G ER M AN Y.
fAGENTS EOR NORTH AMERICA,
|A M S T E R D A M ,
n
t h e
B ritish N orth A merica ,
Tottenham Court Road
Paddington,
!
^Idgate,
I Old Street,
London.
The Bank, while conducting the general business
o f London Bankers, gives special attention to tne
Agency of Foreign and Colonial Banks.
B '
A. G. KENNEDY, Manager.
Handelsbank,
a
o f
OP
BRANCHES:
Bond Street,
Ludgate Hill,
Knightsbridge,
Holhorn,
$ 1 2 ,0 0 0 ,0 0 0 , G o ld .
$ 5 ,7 5 0 ,0 0 0 , G o ld
C. F SMITHERS, President.
W. J. BUCHANAN, General Manager
Bank o f Buffalo,
g a u lx e u s .
-
C A P IT A L ,
SURPLU S,
R . T . W ilso n & C o .,
ffjo w e ia tx
g a tx lr c r s .
HOLLAND.
^ zx o %u&lmi& g a u lttrs.-
ESTABLISHED IN 1863.
E . W u th m an n & C o .,
18 W ALL STREET, NEW YORK.
28 STATE STREET, BOSTON.
A d o lp h Boissevain & C o .
M erchants
B A N K E R S
AND
C O M M IS S IO N M E R C H A N T S
AMSTERDAM, HOLLAND
N. Y. Correspondents—Messrs. B lake Bros . & Co.
THE
A n glo -C a lifo rn ian Bank
Bg-j
D
(LIMITED).
L O N D O N , Head Office, 3 A ngel Court.
SA N F R A N C IS C O Office, 422 California, St,
N E W Y O R K Agents, J. & W. Seligman & Co.
B O S T O N Correspond’ts, Massachusetts N. Bk.
A u t h o r iz e d C a p ita l,
P a id -u p C a p it a l, R eserve F u n d , - -
- $ 6 ,0 0 0 ,0 0 0
-
-
1 ,5 0 0 ,0 0 0
3 5 0 ,0 0 0
Transact a general hanking business. Issue Com
mercial credits and Bills of Exchange, available in all
parts o f the world. Collections and orders for Bonds,
Stocks, etc., executed upon the most favorable terms
FRED’K F. LOW,
>IManscrers
1GNATZ STEINAART, 5ManagerS‘
BP. N. LILIENTHAL, Cashier.
H o n g K o n g & Shanghai
B A N K I N G C O R P O R A T IO N .
C A P IT A ^ (paid-up)............................... •
RESERVE F U N D .................................... 3,aoo,oou
HEAD OFFICE, HONG KONG.
OF
Bank
BANKERS,
N o.
^ eSÎ^ e l P r ™ r R O B E R T ’ ANDERSON, Esq.
H E A D O F F IC E , M O N T R E A L .
GEORGE HAGUE, General Managerj H PLUMMER. Assistant General Manager.
BANKERS :
'
BW
LONDON, ENG—The Clydesdale Bank (Limited.)
NEW YORK—The Bank of New York, N.B.A.
The New York Agency buys and sells Sterling Exchange, Cable Transfers, issues Credits avallarne m
all parts, of the world, makes collections in Canada
and elsewhere, and issues Drafts Payable
the offices of the;bankin Canada. Every description
of foreign banking business undertaken.
N e w Y o r h A g e n c y , N o . 6 1 W a l l Street.
HENRY HAGUE,
| Agents.
JOHN B. HARRIS, JR.. f
Imperial Bank o f Canada.
C A P I T A L (p a id u p ), - - " $ 1 ,5 0 0 ,0 0 0
SURPLU S, - - - - - - $ 6 7 8 ,0 0 0
H. S. HOWLAND, Pres’t. D. R. WILKIE, Cashier
H E A D O F F IC E , TO R O N TO .
35
C O N G R E SS
MEMBERS OF THE NEW Y O R K AND
BOSTON STOCK EXCHANGES.
ALSO,
D e a le rs i n M u n ic ip a l, S ta te, R a il r o a d
a n d U n it e d Sta te s B o n d s . -
Perkins, Dupee & C o .,
(Formerly GHAS. A. Sweet & Co.),
BANKERS
N o. 4 0
ijg s s i
|
AND
STATE
BROKERS,
STREET,
B O S T O N , M ASS.
Dealers in Municipal. State and Railroad Bond».
Bank o f D eposit,
8 4 Devonshire & 2 0 W a te r Sts.,cor.opp.P.O
R O S T O. N .
Interest on deposits subject to eheck.
Bonds and other investments bought ana sola.
Correspondence invited.
'
,
.
Orders executed at Boston and New York Mock
Exchanges, o f which we are members.
F. A . H aw ley & C o .,
BANKERS.
“ Parker & Stackpole,
R A N K E R S ,
No .
SO
DEVONSHIRE
BRANCHES:
St. Catharines, Port Colbome, St^Thomas, Ingersoll,
Welland, Fergus, Woodstock;Winnipeg, Man.,
Brandon.
Dealers in American Currency & Sterling Exchange.
STREET,
B O STO N .
CANADA.
Capital, - ■ • $5,700,000 Paid Up.
R eserv e,................... / -■ $1,150,000
bo..
The Corporation grant Drafts, issue Letters of
73 Lombard Street.
I
59 Wall Street.
Credit for use of Travelers, and negotiate or collect
Promptest attention paid to collections payable in
Bills payable at Bombay, Calcutta, Singapore, Saigon
Manila, Hong Kong, Foochow, Amoy, Ningpo, a ApprovedCC?nadian buSiness)paper R u n t e d at
Shanghai, Hankow. Yokohama, Hiogo, San Francisco the Head Office on reasonable! terms, ana proceeds
and London.
I
hv draft, on New Yorfc.
A . M . TOW NSEND Agent, 4 7 W illia m St.
Brewster, Cobb *
& Estabrook.
^
*
STREET,
BO STO N .
C.
E.
Jackson &
M ID D L E T O W N ,
C o .,
CON N.s
guy and sell Government, State, Municipal and
Railroad Bonds and Stocks.^Investments for Sav
ineslBank“ “
v - C e ^ " ^dence soli
THE CHRONICLE.
"Se p t e m b e r ^ 1883. j
fleur g n g la n d gitufecrs.
g a n te s .
J oshua w tlbour ,
Charles H. Sheldon-, J r .
B enjamin A. Jackson , W illiam Bin n e y , Jr .
' W ilb o u r, Jackson & C o . ,
BANKERS AND BROKERS,
£2 W E Y B O S S E T S T R E E T ,
P R O V ID E N C E , R . I.
Dealers in Commercial Paper, Government and
other first-class Bonds and Securities and Foreign
Exchange.
Private Telegraph Wire to New York and Boston.
T h os. P. M iller & C o ., U nited States -Trust C o.
BANKERS,
OF NEW YORK,
M O B IL E , A L A B A M A .
Special attention paid to collections, with 'rompt
N o. 49 W A L L S T R E E T .
remittances at current rates of exchange on „ay of
Ruy and sell State of Alabama and City CAPITAL AND SURPLUS, $5,000,000
o f Mohile Bonds.
Correspondents.—Bank of the State o f New York,
New York ; Louisiana National Bank, New Orleans : I n t o c o K M i W r & t o T e t ' p a i d
Bank of Liverpool, Limited, Liverpool.
receiver of estates.
t0 act M guardian or
THE CITY
BANK
OF
HOUSTON,
■in t e r e s t
allow ed
on d e p o sit s
^ » m a d o at any time, and withdrawn af+m*
C A P I T A L , $ 5 0 0 ,0 0 0 ,
"g m n s v p iv im iu § a t r t ic r s
Jos. M. Shoemaker .
H ouston,
R obert M. Jan n ey
Jos. M . Shoemaker & C o .
N o.
BANKERS AND STOCK BROKERS,
134 SOUTH T H IR D ST R E E T ,
E. E. B urruss , Pres’t.
P H IL A D E L P H IA .
Dealers in all issues o f United States Bonds. Invest
ment Securities a specialty. Correspondence invited
and full information upon financial subjects furnished
E.
W.
Clark
&
C o .,
B A N K E R S ,
No. 3 5 South Third Street, Philadelphia.
DEALERS IN CAR TRUSTS AND OTHER IN
VESTMENT SECURITIES.
Stocks and Bonds bought and sold on Commission
N arr
b a n k e r s
A . P. T urner & C o .,
B A N K E R S AND
B R O K E R S ,
No. 207 W ALNUT PLACE,
P H IL A D E L P H IA .
C o .,
BROKERS,
P I T T S B U R G , P A .,
Buy and sell all classes of Western Pennsylvania
Securities. Correspondence solicited.
g a X tim c u je
g a u lr c r s .
«F. W. Middendorf , W. B. Oliver , C. A 4A lberti
Members Baltimore Stock Exchange.
M iddendorf,O liver & C o.
BANKERS AND BROKERS,
S . W . C o r n e r G e r m a n & S o u th S ts .,
P. O. Box 897.
B A L T I M O R E , M d.
Spécial attention given to the negotiation o f Foreign Bills o f Exchange, Collateral Loans and Commercial Paper.
INDICATORS AND TELEPHONE IN OFFICE.
Robert Garrett & Sons,
BANKERS,
7
W m. C. Courtney . Pres. E rnest H. P ringle , Cash
b a n k
of
c h ar lesto n ,
Natio na l Ba n kin g A ssociation
C H A R L E S T O N , S. C.
Special A ttention given to Collections
,
No. 322 CHESTNUT STREET,
P H IL A D E L P H IA ,
AND No. 3 KCENIGSTRASSE, STUTTGART.
Orders executed by private wire in New York, Boston and Baltimore. •
Drafts issued onaU principal points in the United
States and Europe.
N o.
W I L M I N G T O N , N . C.
Collections made on all parts of the United States
WHz$tzxxi %&uA
kix&i
b r o k e r s
G eo. B. H ill &
SOUTH
Grand Ra pid s , Mich ., Feb. 24,1883.
The First National Bank, of Grand Rapids, located
at Grand Rapids, in the State of Michigan, is closing
up its affairs, its corporate existence, having expired
on February 24, 1883. All note holders and other
creditors ot said association are therefore hereby
notified to present the notes and other claims against
the association for payment.
HARVEY J. HOLLISTER, Cashier.
ANC
W ilso n , Colston & C o .,
BANKERS AND BROKERS,
B A L T IM O R E .
spIeciaîtyTMENT and SOUTHERN SECURITIES a
^^Correspondence solicited and information fui.
N. Y. Correspondents—McKim Brothers & Co.
^crAttirera gattîiers.
MERCHANTS’ NATIONAL
BANK,
R IC H M O N D , V IR G IN IA .
P a(f0 on all Southern points on best
t0i*ms; prompt returns.!
Tattv u,
F. BRANCH, President.
J ohn F. Glenn . Cash. F red . r . Scott, Vice-Pres’t
THOM AS BR AN CH
&
CO .,
BANKERS AND COMMISSION MERCHANTS.
R IC H M O N D , V IR G IN IA .
nalsftd1hlatl^0w rfU!^ e? un50r
Fundtog Act
^ ssed bytlm last Legislature, for H per cent commis
s e n‘«n
ti.°QtQ,Gï r?llna 6 Per cent bonds, secured
i L i f e f o r sali.
8 St0Ck ia th0 North Caroi.na
ness, as well as religious and benevolent insuimio,?.
will find this company a convSrtenF
money.
JOHN A. STEWART? President^ f
WILLIAM H. MACY,’ Vice-President.
TRUSTEES
Dan. H. Arnold, w mw
|John H.Rhoades
Thomas Slocomb W.
W.. Phelps, J. B. Williams,
Charles E. Bill,
ilhs James, Anson P. Stokes.
Wilson G. Hunt,
J- Astor,
Chas. H. Russell!
Wm H. Macy,
2 QgirA. Stewart. Robt. B. Mintura
John J. Cisco,
Geo. H. Warren,
Clinton Gilbert, S-M-Bnckipsham
H. JS. Lawrence, George Bliss,
Daniel D. Lord, Isaac N. Phelps, John C. Brown.
George T. Adee, Erastus Corning, William Libbey.
Samuel Sloan,
WJSHH J*. B. Chittenden,!
CLARK. Second Vice-President.
HENRY L. THORNELL, Secretarv.
_______ LOUIS G. HAMPTON, Assistant.-Secretary
T h e Brooklyn Trust C o . ,
Cor. of Montague & Clinton sts. Brooklyn, N. Y.
This Company is authorized by special charter to
act as receiver, trustee, guardian, executor or ad
ministrator.
It can act as agent in the sale or management o c
real estate, collect interest or dividends, receiv»
registry and transfer books, or make purchase and
sale ofGovernment and other securities.
Religious and charitable institutions, and persons
unaccustomed to the transaction of business, will
find this Company a safe and convenient depository
for money.
EDMUND W. CORLIES, Vice-Pres’t.
TRUSTEES:
^a.s-R-Marvin, HenryK.Sheldon
tt C' Knowiton,
Josiah O. Low, John T. Martin.
& e, S nt' Alex. McCue,
Edm’d W. Cories
Alex. M. White, A. A. Low,
Fred. Cromwell,
Henry Sanger,
Mich’l Chauncey, C. D. Wood.
... „ _
WM. H. MALE, Secretary.
JA9. R. Curiian . Assistant Secretary.
T h e O ld National Bank Metropolitan Trust C o .,
OF VRAND RAPIDS, MICH.
C a p ita l L i m i t , - - - - $ 1 ,5 0 0 ,0 0 0
C a p ita l P a id i n ,
- - - 4 0 0 ,0 0 0
Referring to the foregoing the officers and directors
Of the OLD NATIONAL BANK OF GRAND
RAPIDS, beg leave to announce that on Monday.
b ebruary 20 mat., they will continue the business oi
banking in all its branches, at the same place of busi
ness, as successor of the First National Bank of
Grand Rapids.
As substantially the same management will conS ni,e um tfiOHéw organization, with equal capita
(which will be speedily doubled) it is hoped the
generous confidence and patronage so long bestowed
upon its predecessor, will be continued to the present
institution,
8. L. W ITLEY. Paesident.
H. J. HOL1ISTER, Cashier.
N .v W
.
Harris
&
C o .,
INVESTMENT H ANKERS
N o.
76 DEARBORN STREET,
Mills BuildiDg, 35 W all St., N ew Y ork .
P A H > U P C A P I T A L , $ 1 .0 0 0 ,0 0 0 .
Designated as a legal Depository by order o f Supreme Court. Receive deposits of money on interest,
act as fiscal or transfer agent, or trustee for corpora
tions and accept and execute any legal trusts from
persons or corporations on as favorable terms as
other similar companies.
THOMAS HILLHOUSE, Presides.
& BR35S3*lF- TAPPEN. Vice-President
W ALTER J, BRIT TIN* Secretary.
jia fe grpxrsit (tom pm ixzs.
M ANHATTAN
Safe Deposit & Storage C o
3 4 6 Sc 3 4 8 B r o a d w a y ,
Cor. of Leonard Street.
NEW YORK
Receives for safe-keeping, UNDER GUARANTEE
Bonds, Deeds, Wills and other valuable papers; Silver
ware, Jewelry, Paintings, Silk Goods, Old Business
Accounts, &c.
Safes to re n t f r o m $ 1 0 to $ 2 0 0 p e r y e a r .
C H IC A G O , I L L .
R O I S T T m State, County, City, Town, School
f J - L x x J , and Car Trust Bought and Sold.
The funding of entire issues receives special attention. Write us if you wish to buy or sell.
THE
B A L T IM O R E ,
T h è First N ational Bank
ST R E E T ,
TRANSACT A GENERAL DOMESTIC
FOREIGN BANKING BUSINESS.
A. K. WALKER, Cashier
First N ational Bank,
& Gerlach,
a n d
Texas.
We give special attention to collections on all
accessible points.
„ D irectors —Benjamin A. Botts, Pres’t; F.A.Rice,
Botts, Itob t Brewster, S. K.
Mcllhenny, B. F. Weems.
B. F. WEEMS. Cashier. BENJ. A . BOTTS,Pres’t
Safe D eposit V aults
OF
T h e N ational Park Bank
OF NEW YORK.
& 216 B R O A D W A Y .
Texas Land & M ortgage
214
COMPANY LIMITED,
ENTRANCE
(O F L O N D O N , E N G L A N D ),
Transact a general Financial and Agency Business in
'the State of Texas and Europe.
New York Correspondents:
C. E. WELLESLEY,
Bla k e B ros. & Co.,
General Manager,
' Wall Street.
Da l l a s , T e x a s .
Thos . M. Thornton .
W m. W. T hornton , Cash
W . F. THORNTON &
SON,
(Established 1859,)
B A N K E R S AND B R O K E R S ,
SHELBYVILLE, ILLINOIS.
Collections made in Shelby and adjoining Counties
and Proceeds remitted on Day of Payment.
REFERENCES—National Hank of Commeroe.New
York. Union National Bank, Cincinnati. Third
National Bank, St. Louis. Traders’ Bank, Chicago.
Indiana Banking Company, Indianapolis.
ESTABLISHED 1871.
P.
F.
KELE1IE R
&
CO.,
305- OLIVE STREET, ST. LOUIS,
D e a le r s In W e s t e r n S ec u rities.
Defaulted Bonds of Missouri Kansas and Illinois a
Specialty. Good Investment Securities, paying from
4W to 10 per cent, for sale.
* uu
References in New York, by permission Clark
Dodge & Co., 51 Wall St.; Hatcn & FootelW W alfst
References in St. Louis, Banks generally.
TH ROU GH THE
BANK.
Bankers’ Safe Deposit C o
UNITED BANK BUILDING,
Cor
IV a l l S treet a n d
B roadw ay.
s aT e s
OF MOST APPROVED CONSTRUCTION FOR
Bankers, Brokers, Merchants, &c.
D E P O S I T T O U R S E C U R I T IE S
IN THE
State Safe Deposit V a u lt,
C o r. W i l l i a m S t. Sc E x c h a n g e P la c e ,
Under the National Bank of the State o f New York
B U R G L A R AND F IR E PR O O F.
Chronicle
V olum es
W ANTED.
V o lâ m e s 1, 2 , 4 , 8, 9 , 10, 1 2 .
Apply at Publication Office, TO4 81 William
THE CHRONICLE;
& vi
> jx e c ia l
¡I m r c ö l w £ ix t s .
REED
52
& HURLBUT,
W IL L IA M
GAS
Bonds.
19
NASSAU
S T ., N E W
F IR S T -C L A S S
S E C U R IT IE S ,
Street Railroad Stocks and Bonds
YORK,
DEALERS IN
STOCKS
AND
GAS
Sons,
AND ALL KINDS OF
BROOKLYN
IN V E S T M E N T S .
S E C U R IT IE S
DEALT
IN .
Buy and Sell on Commission, for cash or on mar
gin, all securities dealt in at the New York Stock
Exchange.
Interest allowed on daily balances.
All deposits subject to check at sight.
I Particular attention to orders by mail ortelegraph.
Geo. H. P rentiss ,
Member N. Y. Stock Exchange.
Schuyler N . W arren & C o
S T O C K ANI> BONS> B R O K E R ,
51 E x c h a n g e P la c e .
■ IN V E S T M E N T
S E C U R IT IE S .
City, Railroad, Gas, Electric Light and Miscellaneous
Stocks and Bonds
ß p ztïu l ¡tawcstnicuis.
N . T . Beers, J r.,
SEE GAS QUOTATIONS IN THIS
Fred.
H.
W. W. WALSH.
Sm ith,
20 BROAD STREET, NEW Y O R K
Railroad Securities a Specialty.
Intimate knowledge of all for past fifteen yearsInformation cheerfully given. Investors or dealers
wishing to buy or sell are invited to communicate.
All stocks dealt in at New York Stock Exchange car
ried on margins.
_______________________ ______
THE
F a r m M o r t g a g e C o .,
NEW YORK.
Investors A tten tion .
H . L . Grant,
G a s S to c k s , A c .,
N E W
N o
$ 3 0 0
$ 3 0 ,0 0 0 .
T O
SEVEN
S T R E E T ,
PER
CENT
Semi-Annual Interest Net to Investor
S E C U R IT Y A B S O L U T E .
First Mortgages on Improved Property In Kansas
City, and good farms in Kansas and Missouri, worth
from three to five times the amount of the loan. For
particulars and references address,
H . P . M O R G A N , G e n e r a l A g e n t,
No. 3 Custom House St., P roviden ce E. I., Or
J A R V I S , C O N K L I N & C O ., B r o k e r s ,
KANSAS CITY, MO.
W
M
.
O .
N O Y E S ,
No. 21 NASSAU STREET,
DEALER IN
CITY
R A IL W A Y
STOCKS
GAS STOCKS.
T e le g r a p h a n d C a b le S tocks.
TRUST
GOS.’
Bank Stocks.
STOCKS.
Insurance Stocks
Francis Smith & C o .,
Indianapolis, Ind., & Vicksburg, Miss,
BROKERS
IN
M O R T G A G E
LOANS.
ì W rite for Circular .
J. M . Gillespie
INSURANCE
SCRIP, & c.
No. 4 H A N O V E R ST., NEW Y O R K .
Member o f N. Y. Produce and Maritime Exchange
E.
S. . B a i l e y ,
7 P IN E S T R E E T .
DEALINGS IN
I N S U R A N C E
S T O C K S
A S P E C IA L T Y .
Cash paid at once for the above securities ; or they
will he gold on coi mission, a iseller’s option.
RAILROAD COMPANY
will receive sealed proposals for fourteen hundred
thousand dollars of its Consolidated'First Mortgage
Bonds up to noon of Wednesday, the twelfth day of
September, 1883.
The proposals must he addressed to Mr. F. D.
Tappen, President of the Gallatin National Bank, 36Wall Street, New York, by whom the proposals will
he opened arf the above-mentioned time.
The terms of payment will be as follows: Twenty
per cent of the amount bid September 15th; twenty
per cent October 1st; twenty per cent November 1st
and forty per Cent December 1st. The proportionateamount of bonds will be delivered on the payment
of each instalment. The interest accrued on the
bonds up to the date of delivery will be added to the
bid.price.
These Consolidated First Mortgage Bonds are a
first lien upon the Buffalo & Pittsburg Division of
the Company and a lien upon the Rochester & Sala
manca Division after the present outstanding mort
gages. The mortgage is limited to twenty thousand
dollars a mile of completed road, and is issued for
only one-half the actual cash cost of the property.
Bonds are dated December 1st, 1882, mature Decem
ber 1st, 1922, bear intere t at 6 per cent per annum,
June and December. The road is now completed
and in operation for local business, and will be
opened for all through business September 15th.
The net earnings at present are sufficient to pay in
terest on these bonds, and will be almost doubled
when the road is opened for through business. The
company reserves the right to reject all bids. For
further particulars apply at the company’s offices, 20Nassau street, New York.
FRED. A. BROWN, Treasurer, i
W ESTERN
L A W R E N C E , K ANSAS,
Offers to investors the best securities in the market
FIRST MORTGAGE LOANS UPON IMPROVED
FARMS. Interest and principal paid bn day of ma
turity in New York. Funds promptly placed. Large
experience. No losses. Send for circular, references
and sample forms. B’.M. PERKINS,President; J. T.
WARNE, Vice-Pre^t.; L. H. PERKINS, Secretary.
CHAS. W. GILLETT. Treas. N. F. HART Auditor
B r o o k ly n Securities, City B o n d s ,
Rochester & Pittsburg
N o . 11 W A L L S T ., N E W Y O R K ,
2 0 8 M O N T A G U E S T ., B R O O K L Y N .
F IR S T -C L A S S
G eo. K . Sistare’s
T H E
G eo. H , Prentiss & C o .,
AND
N o.
145
XXXVII.
Ifitm itc ia l.
S t n r o ö tw jc tx t s .
STREET*
Investment
[V ol.
B R O A D W A Y ,
NEW YORK.
A lbert E . H achfield,
8 & 10
P IN E
STREET.
B o n d s a n d In vestm en t Securities
W A N T E D :
Grand Rapids & Indiana Bonds.
Indianapolis & St. Louis Bonds.
Joliet & Northern Indiana Bonds.
Rome Watertown & Ogdensburg 1st and 2ds.
Terre Haute & Indianapolis Stock.
Elizabeth City Bonds
_____________
.
Car Trust Bonds.
WE MAKE A SPECIALTY OF THESE VERY
SECURITIES, AND BUY AND SELL SAME
CITY RAILROAD STOCKS & BONDS SAFE
AT MARKET PRICE.
BOUGHT AND SOLD.
See quotations of City Railroads in this paper.
Douglass Green
6 EXCHANGE P L A C K N EW YO R K .
Governments and Foreign exchange .
S o u th e r n S ec u rities a n d D is tr ic t oi
C o lu m b ia S ecu rities a S p e cia lty .
WE OFFER A LIMITED AMOUNT OF DESIR
ABLE CAR TRUST ISSUES, ADDITIONALLY
SECURED BY THE DIRECT OBLIGATION OF
THE R A I L R O A D E Q U IP M E N T C O M P A N Y
PO ST,
M lË Ÿ r a
&
CO.,
NO. 34 PINE STREET.
Central Trust Com pany
OF NEW YORK,
J-
C. Chew.
No. 7 WALL STREET, NEW YORK.
T E X A S RAIL* W A Y S ,
B O N D S , L A N D S , *fc<.
Desirable Texas Securities for investment con
stantly on hand.
n
;■
,■
F O R S A L E - B A N K STOCKS.
40 sh, Chatham.
150 sh. Manhattan.
20 sh. Commerce.
50 sh. Phenix.
20 sh. Fourth National.
50 sh. Republic.
25 sh. Leather Mfrs’.
25 sh. Tradesmen’s.
J. P . W IN T R IN G H A M .
G AS, INSURANCE, B A N K STOCKS,&C,
SECURITIES BOUGHT AT THE AUCTION SALES.
3 6 PINE S T R E E T , N. Y .
rvR E G O N
IM P R O V E M E N T
COM^ P A N Y , NEW Y ork , August 25,1883.
The increased semi-annual dividend of Four Per
Cent (4 p. c.) will be payable September 15,1883, at
the office of the Farmers! Loan & Trust Company.
The transfer books close September 5, and re-open
September 17,1883.
- T. H, TYNDALE,
Secretary.
fp O L E D O B E L P H O S & B U R L I N G 1 TON FIRST MORTGAGE MAIN LINE BONDS.
—The holders of the above-named bonds will greatly
facilitate the establishment of their rights under
the mortgage (for the foreclosure of which suits are
now pending) by communicating as soon as possible
with the undersigned, who represents a large hold
ing of these bonds.
SAML. A. STRANG,
36 Pine Street, New York.
1 5 N a ssau S t., C o r. o f P in e St.
CAPITAL, $1,000,000 in U. S. Bonds*
W i t l i $ 1 ,0 0 0 ,0 0 0
SURPLU S.
Allows interest on deposits, returnable on demand,
or on specified dates.
.
Is a legal depository for money paid into Court. I*
authorized to act as Executor, Administrator, Guar,
man, or in any other position of tsust.
Also as Registrar or Transfer Agent of Stocks and
Bonds, and as Trustee for Railroad Mortgages.
HENRY F. SPAULDING, President.
* B.
FREDERICK
P. OLCOTT, \
>Vice-Presidents.
B. SHERMAN,
vice-ureswent».
C. H. P. BA BOQCK. Secretary.
GEORGE SHERMAN, Assistant Secretary.
BOARD OF TRUSTEES.
Class of 1884. i Class of 1885 Class of 1886.
S. D. Babcock, David Dows,
A. A. Low,
Fred’k H. Cossitt, L N. Phelps, George W. Lane,
Jtic’bD. Vermilye Jno. Thorne, Benj. B. Sherman.
Wm.Allen Butler Amos R. Eno, J. Pierpont Morgai
Percy R. Pyne, Gust’v Schwab Chits. Lanier, _
\Vm. H. Appleton J. P. Wallace, George I. Seney,
Edm. W. Corlies, JoslahM.Ftske Chas. G. Landoa.
Geo. MacC.M il Ier, H.F.Spaulding Wm. H. Webb,
Cornelius N. Bliss J. S. Kennedy, Fred. P. Olcott.
Spencer Trask.
S p e n c e r
Geo. F. Peabody,
T r a s k
&
C o .,
Bankers,
y o Broadway, New York City.
Transact a General Banking Business
B ranch Offices .
J U S T IS S U E D .
New Statistical Map of Mexico, 44x70 in . : ...... f 7 00
New Railroad Map of U. S., 72x84 in................ lo 00
New Railroad Atlas, 102 pages......*...........••••■ 10 00
Have Maps of every variety and Map Cases.
,
Send for Illustrated Catalogue.
J . L . S M I T H , P u k lls k e r ,
•
SlXTR_& .CEUSSTNUOftETS., PHILADELPHIA, PA,
Connected by private wires.
Philadelphia , 132.S. Third St., C. F . Fox
A lbany, N. Y., 65 State St., IV. A . Graves
Providence, R. I., 13 Westminster St.
SARATOGA, N, Y v Grand Um>n Hotel.
H U N T ’S
MERCHANTS’
MAGAZINE,
3fM W ÿ p R p e * »
H E P R E S E N T IN G
THE
IN D U S T R IA L A N D
VOL. 37.
C O M M E R C IA L . IN T E R E S T S
or
THE
U N IT E D
SATURDAY, SEPTEMBER 8, 1883.
r
C O N T E N T S .
THE CHRONICLE.
T he Financial Situation............245
United States' Treasury State
T o o ls and Their A u th o r ity ___ 247
m ent................. .......................257
C otton M ovement and Crop o f
M onetary and Commercial
1 8 82-8 3...............................
249
E nglish N ew s........................ . 257
The D ebt Statement fo r Aug.,
Commercial and Miscellaneous
1 8 8 3 ......., .................................... 256
N ews....... .............., ........ .........259
THE BA N K E R S’ GAZETTE.
M oney Market, Foreign E x
Quotations o f Stocks and Bonds 262
change, U.S. Securities, State
New Y ork L ocal Securities___265
and R ailroad Bonds and
Railroad Earnings and Bank
Stocks........................................260
R e tu rn s....... ............................ 264
R ange in Prices at the N. Y.
Investm ents, and State, City
Stock E x c h a n g e ..................... 261
and Corporation F inan ces.. 265
STATES
NO. 950.
The public is, o f course, very gullible ; but it is not in
the nature o f things
for
distrust, which has been
months in growing, to be so suddenly removed.
seen
no
reason
for
m any
W e have
the panicky feeling W a ll Street has
long indulged in ; it has
done great harm
to all indus
trial interests, and was only possible because o f the m eagre
inform ation
stockholders
are
allowed
to receive with
regard to their investments ; hence, too, the power specu
lators have
over the properties.
B ut commercial
affairs
are now taking care o f themselves— they are beginning to
lie
T he
prosper in spite of W a ll Street, and it
© I n n w id e .
the two interests could
would
I Entered at the Poet Office, N ew Y ork, N. Y ., as second-class m ail matter.]
TERMS OF SU B SC R IP T iO N -P A Y A B L E
Certainly, the condition of the country and prospect
ive traffic encourage liberal purchases for
and
there
is
plenty
In outward
F IN A N C IA L
S IT U A T IO N .
of
idle
capital
investm ent,
which' would
eagerly take anything permanently promising 5 per cent.
But with regard to stocks, the managers g ive out so little
information, the
THE
Of
the present distrust is at an end.
IN ADVANCE«
For One Y ear (including postage ................. .......................20.
For Six Months
do
.............. ... .......................
6 10.
Annual subscription in London (including postage)
£ 2 7s.*
S ix m os,
do
do
do
» 1
1 8s.
W ILLIAM B. DANA & CO.. Publishers,
WILLIAM B. DANA..
79 & 81 William Street, N E W YORK.
JOHN <S. FLOYD.
■ P ost Off ic e B o x 958.
divorced.
be well if
course,
F in a n c ia l C h r o n ic le is published in
however, as that cannot be, all classes will rejoice when
New York every Saturday morning.
C om m erc ial a n d
remain
prevailing feeling ju st' now is
purchase is not safe at' any price.
that to
Take, for instance,
appearance the humor of W a ll Street has
whatvhas been, and even now is, generally considered one
Instead of the daily vary o f the best of them— N ew Y o r k Central.
On D ecem ber
in g m ovem ent in values, first up and then down again, 15th this stock sold at 1 3 2 £ ex 2 per cent dividend.'
we have had a nearly uninterrupted advance.
O f course March 15th the price was 125£, and June 15th was 1 2 2 f,
ch an ged during the past week.
some properties have not shared in it, for at such a time
in each instance ex the usual quarterly dividend o f 2 per
fliere must always be exceptions, out as a rule the whole
cent.
list has been marked up.
Furthermore, alm ost the entire
again.
A t the latter price it certainly ought to be very
Street, instead of, as heretofore,
cheap.
But who knows whether it- is?
gossip and
talk
o f the
The stock sold recently at 113£, but is now higher
No
reason
has
being m ainly o f panics and disasters, has been engrossed
been assigned for the decline from
with accounts o f the co u n try ’s glorious future, the immense
except the m ere fact that the N ew Y o r k W e s t Shore &
132^
last D ecem ber
crops, the floods o f traffic which are now said to be assured,
Buffalo has m eantim e begun to do business, and that is
and
no
the
investors,
active demand
with
very
for
stocks
from
outsiders and
free takings by European
reason at all, for, if rate3 are maintained, the past
buyers tonnage m ovem ent shows there will be traffic enough for
claim ed to be already realized.
So far as crops and
east-bound
both.
traffic are
concerned
Y e t no one outside the directory, or a few favored
a ju d g correct; but, without ment can be form ed as to the intrinsic value o f the stock,
wishing to cool this new-born ardor o f converted bears, and this will prpbably so continue until the Railroad C om
we would suggest that these facts were just as apparent a missioners devise means by which information can be
these statements are
friends, is permitted to know anything by which
undoubtedly
few weeks back as now.
P robably the
roads will have
about as much to b rin g east o f corn, oats, wheat, provis
obtained.
It is expected that the n ext quarterly dividend
of the Central will be at the rate o f 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
But to say that likely that if the dividend should b e'red u ced to the rate
investors, either at home or abroad, have in any consider o f 7, or even 6 per cent per annum, no satisfactory reason
m ust, in turn, m ake a dem and for goods.
able force entered the market, is not the
contrary, the regular t r ia e in securities
and N ew Y o r k has this week been
truth.
between
O n .t h e
wili be given
London
stances the
decidedly against us,
for the reduction.
U n d er these circum
purchase of the stock even
at the
present
price cannot but have somewhat the character of a “ blind
and with regard to hom e capital we can discover no su d pool.”
den change o f heart, but rather a continued preference for
A n event this weak ih contrast with the prevailing
margin at a disposition in Great Britain not to buy Am erican ra lroad
but little disposition to
stocks, is the reported purchase by the Messrs, B aring
loaning m oney on collaterals with
sm all rate of interest, and
in the purchasing movement.
a broad
join
Brothers o f London o f upwards*of two m illion dollars o f
246
THE CHilONlCLE.
.
I V o l . X X X V I I .'
The ' of the coupons would I stand, because it did not affect
Messrs. Barings were probably led to m ake this invest the real question as to the coupons being receivable
Judge Bond, accepting, of- course, that-adjudi*
m ent in A tch ison by their faith in the m anagement of the for taxes.
cation,
holds
(1) that they are so receivable, (2) that they
concern, and their confidence in its future prosperity.
As
the
stock
of
the A tch ison Topeka &
Santa fre.
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 all previous record.
venting their collecting the taxes after such tender.
Th e corn crop, it is stated, will reach fully 200 million
Mahone and his band o f repudiators will now have another
bushels.
chance of trying their"ingenuity in the matter o f legalizing
This would be an increase of 50 million bushels
on 1882, which is the m ore remarkable because the crop
repudiation.
of that year was about double
aged to hope that their efforts will be in vain, for no kind
that o f 1 8 8 1 — in
other
But
in
M r.
the meantime the public is encour
words, the 200 m illions this year will compare with only
of repudiation is so objectionable as that done under the
7 0 m illions two years ago.
protection of law.
The wheat yield is estimated
W ith regard to the m oney m arket there is no essential
at 35 million bushels, a g a in s t‘33 millions in 1882, and a
little less than 20 millions in 1881.
A l l this, of course,
change to note this week.
Rates on call rule from 2 @ 3
bears directly upon the future business o f the Atchison, but
per cent, with the m ajority o f loans made
at 2 @ 2 £ , and
in addition no doubt the purchasers were m ainly influenced
although the supply has not been
b y the very favorable m onthly statements that the^manage-
from the disbusements for interest due
m ent have been issuing all through the current year. A c
and for bonds redeem ed last week, even
the rise in
cording to these, the net earnings of
stock
dem and
the company for-the
m arket has
materially augm ented
not stim ulated
the
on
the
1st inst.
to
the
any
seven months to July 31 have increased nearly one-half on
appreciable extent and the indications now point to c o n
those o f last year, in the face o f a small decrease in gross
tinued ease.
receipts.
is $ 7 ,3 7 6 ,1 0 5 for interest on the 4 per cents due October
This result, however,
was brought about b y a
The prospective supply from
heavy reduction o f expenses, notwithstanding the decreased
1st, and $ 2 ,2 9 1 ,4 6 6 on the
business reported. . A s
called bonds will mature on the last-named
the
July
figures have just been
furnished for publication we give them below, a3 well as
redemptions are uncertain.
those o f three other large roads that have this week issued
offers to pay without
3s due
the
N ovem b er
R et Earnings.
Gross Earnings.
ffi
ß
$
$
1,167,987 1,117,003 681,897 498,102
7,842,028 7,954,351 4,065,696 2,875,877
1,824,705 l T625,O06 784,954 751,186
13,229,908 10,780,621 6,166,501 4,641,698
316,787 127,635 107,203
335,208
2,132,067 1,715,906 •663,398 442,431
1,139,300 1,003,765- 452,2 i4 376,781
7,514,6^3 7,184,664 2,916,979 2,654,106
Atcli. Top. & S. F e. ^
CMe.Burl.& Quincy |
Chesapeake & Ohio i y
Louisv. & N a sliv ... ^
I t will be noticed that all these
statements are very
f a v o r a b l e , which is a satisfactory feature
situation o f affairs.
that returns o f
It should not be
in
the present
overlooked, either^
net earnings possess m ore
value now
Th e
F o r although the Departm ent
rebate
$ 5 ,0 0 0 ,0 0 0
the last two weeks, that more than
week will be presented.
1882.
1883..
1882.
1883.
for
1st.
date, but the
per week, it . is
scarcely reasonable to expect, judging from
returns.
Treasury
B ut it is
the
offerings
$ 1 ,0 0 0 ,0 0 0
per
believed that towards
the end of October bonds will arrive h e r e ‘from
Europe
(where there is supposed to be a considerable
amount)
for presentation
on the
1st o f
N ovem ber.
F rom these
Governm ent paym ents for interest and bonds it is probable
that enough will be received to meet all ordinary demands.
B u t even should
there be any stringency, the G overn
m ent holds such a large surplus, about 1 5 5£ millions, that
a further bond
call would probably be put out and pay.
m ent anticipated.
The Treasurer’s reported balance on
the first o f the month, was the amount held after paying
and m arking off the 11 millions o f bonds redeemed under
Then pretty nearly every com the last'call, and is in addition to 33 millions to the credit
than a year or two ago.
pany was engaged in building new m ileage and increasing
of disbursing
its stock and debt and assum ing new obligations of every
was 139-1 millions and disbursing officers’ balances 27 m if-.
description.
lions.
Estimates based upon the current business
In
officers’ accounts^
A
year ago the balance
this connection the follow ing statement o f th e
o f that tim e were worthless, since no safe calculation could
Governm ent receipts for the two months of the fiscal year
be made as to the probable fixed charges in
is of interest.
constant emissions o f new stocksxand bonds.
com pletely changed.
Completed their
the
face of
N o w this is
M any, if not most, companies, have
m ileage
and for
reached the limit of their issues.
the present at
W ith
least
tion of incom e to fixed charges, which could not
Present earnings in such cases we know
based upon present stock and debt.
be done
can be
In this particular the
situation favors legitimate investors m ore than at any time
since 1 8 7 9 .
in
*
Government
Receipts from—
of
Judge Bond, o f
the
July.
August.
Since I
July 1. j
August.
July.
Since
July 1.
Our returns from the N e w Y o r k Clearing H ou se banks
U n ited States C ircu it Court, that the V irgin ia debt cou
from the W e s t
statement,
I t was feared, last
1882. '
1883.
indicate that there has been no exceptionally heavy call
pons are legal tender
for taxes.
O f course, however, and for several
$
$
$.
$
$
$
Customs.............. 20,909,290 18,585,148 39,494,433 19,950,637 23,332,190 43,282,827
Internal revenue. 8,881,286 9,844,890 18,729,176 12,255,167 12,722,813 24,977,980"
Miscel’us sources 2.207,237 2,758,164 4,965,401 4,132,922 3,807,615 7,940,537
Total receipts 32,000,813 31,188,202 63,189,015 36,338,726 39,862,618 76,201,344
A circumstance which is a subject for public congratu
lation, is the decision this week
off since July 1.
reasons, these months are no guide for the future.
these, therefore,
it is possible to form some definite idea o f the probable rela
before.
_It shows the great uncertainty which m ust
still exist with regard to revenue‘in view of the large fa ll-
for
made up
funds this
from
week.
The
follow ing
returns so collected b y
us,
spring, that the Suprem e Court at W a sh in g ton , in holding
exhibits the week’s receipts and shipments from and to
that the change of remedies under the law of - 1882 did not
the interior o f gold and currency.________ ,
' im pair the contract and that those provisions o f that law
>were constitutional, had opened a w ay through which re
pudiation had been legalized.
Week Ending Sept. 7, 1883..
N ovi it seems, if this later
interpretation of its m eaning is correct, that the decision
o f last spring was o f trifling importance, its m eaning being
sim ply that the State m ode o f establishing the genuineness
-
Total gold and legal tenders......
Received by Shippedby
N.Y. Bänlcs. N.Y. Banks.
$748,000 ■*$1,284,000
320,000
$748,000
$1,584,000
____________ ‘
Net Interior
Movement.
Loss. $516,000"
Loss. 320,000’
Loss. $336,000
' * 355.000 of-this was transferred in the shape o f silver certificates bjr
a deposit of gold in tlie Sub-Treasury.
THÉ CHRONICLE.
S e p t e m b e r 8, 1888.1
The above shows the actual changes in the bank h old
ings o f gold and currency'caused b y this m ovem ent to and
from the interior.
In addition to that m ovem ent the banks
have gained $ 9 0 0 ,0 0 0 through the operations o f the SubTreasury.
A d d in g that item, therefore, to the above, we
247
to furnish, a report o f the Bank o f France for last week.
Th e return for this week shows a loss of 3S 0,00 0 francs
gold and of 1 ,0 7 6 ,0 0 0 francs silver. - The B an k o f G erm anv
if correctly reported, lost 8 ,2 2 8 ,0 0 0 marks since our la s t
Thé follow ing indicates the amount o f bullion
have the follow ing, which should indicate the total gain to
the N . Y . Clearing H ou se banks o f gold and currency for
o f the principal European banks
corresponding date last year.
this week
in each
and at the
the week covered b y the bank statement to be issued to-day.
Spt. 6, 1883.
Week Ending Sept. 7, 1883.
Into Banks. Out of Banks Net Change in
Bank Holdings.
Banks’ Interior Movement, as above
$743,000
$1,581,000
Loss. $836,000
Sub-Treasury operations, n e t ........
900,000
Gaia. 900,000
Total gold and legal tenders___
$1,648,000 ) $1,584,000
Gain. $64,000
The foreign exchange m arket is dull and
absence
low er
o f demand,
rates very
and the
weak in the
indications now point to
soon, cotton
m ovin g m ore freely, and
N otw ithstanding
Europe , is buying
liberally
street
reports
a long
time been con
W h e n brokers can figure
can
m ost readily be' handled, and if, at the fortnightly
settlement day in
remit.
the
Aug.E
Sept.
lo th
o f the
month.
downward
for
XT. 8.
Notes.
Silver Cer
tificates.
$69,000 $117,000 Ì,109,000
$357,000
13.000
5,000
17,000
$2,652.105 99
Gold
Certif.
$57,000
33.000
62.000
105,000
44,00055,000
20.000
POOLS A N D
m ay expect to
called bonds.
T H E IR
A U T H O R IT Y .
The railroad u pool ” as a factor in
the railroad opera
tions o f the day is now generally recognized as an indis
E x actly
pensable aid in the conduct
railroad system .
amount is
week, and
follow ing from
$28,000 $211,000
8,000 149.000
27.000 399.000
25.000 720.000
12.000 319.000
17,000 311.000
how m any o f these are held in Europe is not known, but
is supposed that the
the
the
$8,000
6,000
08
57
46
91
61
33
it
about $ 1 0 ,0 0 0 ,0 0 0
o f our vast and complicated
The pool is a comparatively m odern
These can be readily converted into cash, and will be in
organization, but its utility is undoubted, and has been
lieu o f the gold that m ight otherwise come.
repeatedly demonstrated.
bar gold
is now
tively liberal supply o f dhese
im ports
oi^goid
Inasm uch as
unusually dear in London, a compara
until the stock abroad
bonds m ay be looked for
is entirely exhausted.
B ut when
commence, they will probably continue
I t is the outgrow th o f neces
sity, and is likely to gain in im portance with tim e rather
than to diminish.
It w ill remain engrafted upon our sys
tem just so lon g as the constitution o f things remains as it
is.
Competition, if
carried
fu ll length, can end only in
destruction— the weaker
m ust succum b— and this being
depend in some measure upon the relative rates for m oney
so,
pooling
here
impeached.
almost uninterruptedly.
and in
Their volum e
London, and upon
will,
however,
other conditions which
cannot well be determined at present. The follow ing shows
elative prices o f leading securities in L on don
and
N ew
Sept. 3.
U.S.4s,c.
U.S.4%s.
Erie......
2d con.
111. Cent.
N. V. C..
Reading
Ont.W’n
St. Paul.
Sept. 4.
Lond’n N.T. Lond’n N.T.
■prices* prices. prices.* prices.
119-31 119% 119-31 119%
112-26 112)4 112-13 112%
30-40 30% 31-01 30%
92-92 94
9389 95
127-94 127% 128-43 128%
116-39 116% 116-04 116%.
26-39+ 52% 26"27+ 52
21-28 21% 21-28 21%
103-38 103% 103-87 103%
Kxch’ge.
cables.
4-86%
Sept. 5.
Sept. 6.
Sept.
Lond’n N.T. Lond’n N.T. Lond’n
prices.* prices. prices.* prices prices
119-31 119% 119-31 119% 119 31
112-13 112% 11213 112% 112-13
30-89 31% 31-01 31
31-99
94’3S 95
84-86
94-86
128-68 128% 129-16 129
129-65
116-04 116% 116-39 116% 117-97
25-78-1 52
25-54+ 50% 25-78+
21-28 21% 21-40 21% 22-37
105-20 105% 105-08 105% 106-66
4-86%
31%
95
ISO
118
51%
22%
4-86%
4-86%
4-86%
been active
to have no faith in the perm anency o f the m ovem ent, re
sisted the advance as long as they cou ld , but were not suc
cessful in m aking much o f an impression on prices. A t the
close on Friday, however, there was a tendency to weakness.
The Bank of England [return for
but
as
the
the
week shows a
B ank
from abroad, it follow s that £ 1 6 6 ,0 0 0
the interior, probably for crop purposes.
be
the
demands which h ave
of its extinction in
It is the friend o f peace, and as such is
I t does not destroy com pe
tition— the repeated contentions within it show that— but
to the railroad, fo r while b y the
maintenance o f rates it
ensures to the latter profitable returns for the stockhold
ers, to the form er it ensures equality o f treatment with
others of his kind
by fixed
and unvarying
schedules,
be, render rebates, &c., o f course out o f the question.
We
indicated, has
reluctant to cover their short contracts, and who professed
£ 2 7 3 ,0 0 0
cannot
rather restrains competition within reasonable bounds.
112% The pool, m oreover, is as invaluable to the shipper as it is
The operators for a decline, who were
bullion,
contracts
be supplanted by a better or a m ore
satisfactory arrangem ent, but
unalterably opposed to war.
N.T.
prices.
and generally strong this week, m ainly because o f specu.
£ 1 0 7 ,0 0 0
The pool m ay
of
which, if observed in good faith, as they are expected to
T h e stock market, as above
-o f
usefulness
any other way.
t Reading on basis o f $50, par value.
lative manipulation.
the
given it life are too urgent to permit
Y o r k at the opening each day.
Is
Total.
m ovem ent in rates checked in some
degree b y a demand to rem it
received
A s exchange
approaches the gold-im porting point, we
find the
$304,866
194,574
501,238
870,856
380,602
399,967
demand for
sight bills and cable transfers which is noticeable on or
about tlTe 1st or the
__________________
Gold.
and if it is against them th ey
This will probably account for
I
Sub-Treasury during
Duties.
London, the account is in their favor
they draw for the balance
Silver.
Consisting o f~
Date.
out
a small m argin o f profit they trade in those stocks which
Gold.
Custom H ouse.
fined to cable transactions, and t h a t . com paratively few
securities pass either way.
the
Assistant Treasurer
of our railroad stocks, it is
believed that the trading has for
|
through
that
Sept. 7, 1882.
Silver.
£
£
£
23,982,550
21,662,605
Bank o f F rance......... .7 .. 39,398,925 4l.4C 0.863 40,161,001
45,810,800
7,518,400 22,555,200 6,671,250 ¡20,013,750
Total this w eek................ 70,899,S75 63,956,063 68,404,916
65,824,550
Total previous w eek....... 70.910,473 64,307,215 j
66,398,245
The
bills against exports of breadstuffs and provisions' pressing
on the m arket.
Gold.
received
went to
The cable failed
are led to these reflections b y the action o f a>
certain large shipper in resisting one o f the decrees o f a
W estern pool, to the extent o f resorting to the courts fo r
redress.
We
refer
o f course to the case o f the Conti
nental Sugar Refinery Com pany against the Southw estern ~
Traffic
Association,
which
has
attracted
considerable
attention during the last week or ten days, and which has
brought out a letter from M r. A lb e rt Fink," stating clearly
and tersely the points at issue and the principle at stake.
That case deserves all the importance that has
been
given to it, for it was a blow aimed at the very life o f the*,
modern railroad arrangem ent.
It is well known that one
o f its leading features as it exists to-day, is the
right to-
248
THE CHRONICLE. _______
W ith o u t that provision, all power
long:,
07 that it does not necessitate allowances and reductions
in gross and net earnings, while givin g a road full pay for
The organization o f the pool m ight
all the work it actually does; and further, that it comes as
order freight from one line to another, if for
that is found necessary.
would be at an end.
[vol xxxvn.
any reason
indeed prove serviceable to some extent even in that case,
near as any plan
but its usefulness would certainly be seriously impaired.
“ cutting” rates,
JNo company would respect its orders, since it had not the
road by a m oney fine for inadvertently carrying m ore than
righ t to enforce its demands.
its allotted proportion.
Y e t it is in
precisely this
can
for
rem oving
without at the
all inducement for
same tim e punishing
a
In the case o f the Continental Sugar Refinery Com pany,
particular that it was sought to set aside its authority.
Com m issioner
A m om ent’s consideration will serve to convince the
M idgeley ordered that the freight, instead
reader of the importance of the privilege to divert freight
of going over the
from one line to another.
directed
Tlie sole object of a pool is to
Rock
Island
road to Kansas C ity, as
by the consignors, should go over one o f the
secure the maintenance o f paying rates. Nom inally, there
other lines.
fore, there would seem nothing for the roads in the com
upon the Com m issioner’s insisting upon his order being
bination to do except to come together and fix rates. That
obeyed, sued out a writ o f injunction.
accomplished, their business would be done.
reluctant to make any defense, and this, it was thought,
In practice,
The
Continental Com pany demurred, and
The pool seemed
however, it has been found over and over again that rates
argued weakness in their position.
cannot be maintained in these circumstances.
that the reason why the pool did not contest the^ case wfts
The tempta
tion to secure additional business is too strong for
a road
to resist, and thinking that its rivals will not discover the
It appears, how ever,
that there had not been in the bill o f lading— the freight
had been
dispatched at
Boston— any express provision
secret rebates or allow perm itting 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
Mr. F in k suggested, though -,
course it gains by the operation— or rather it thinks it allowed to have his way.
that
it
was
only
necessary
to
notify the shipper in Boston
gains, for it has usually happened that while one road
transgression, proceeds
was engaged
were
it
in this
to give
sort of business
all
the
also engaged in the same kind o f work.
was found
sufficient to
recourse
others
that the railroads west of Chicago would not be parties to
W hen
any through bills of lading except on
that the mere “ fixing ” o f rates wa3 not
ensure
the
maintenance
of
the schedule,
was had to allotments of so much business to
each road,
fixed percentages
of
the .total traffic
being
they m ight
select the route west o f
the freight should
of this kind
be
the. condition
forwarded, to avoid any difficulty
hereafter ; and we see that in
with his recommendation the Southwestern
Association, and
the Colorado A s s o
ciation. on W e d n esd a y all agreed to
make this condition
since a road was to
a part of their contracts in the future.
That, of course,
have only a given proportion of the
business anyway, which it m ight as well carry at full rates
as half rates.
But under
‘ necessary to devise
this arrangement it became
means to
secure to each toad the
the
Iow a
acdbrdance
Traffic A s s o
rem oved the main inducement for underbidding in rates,
awarded to every participant in the pool.
ciation,
that
Chicago over which
A s to the legality o f
such
some strong arguments.
He
says that while a railroad
carrier is bound
to forward all the freight
as a com m on
action Mr. F in k 'ad va n ces
ofiered it, that applies only to its own lines— that after its
exact percentage allotted to it.
V ariou s 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 fr e ig h t.
allotment, settle
to points beyond,
percentage
of
for the excess on the basis of a certain
the gross earnings received on the same.
accommodation
they
do
it
to the shipper,
as $ matter of
m erely
and
that this
being so
W e have seen recently how, in the case of the trunk lines
they must be allowed to select the route over which the
east from Chicago, this worked so unsatisfactorily that it
goods are to be shipped.
had
to
be
abandoned.
for net earnings
H e says further that in fu rn ish
It was said that the margin left ing through bills of lading they become forwarders as
supplied
an
inducement to a road to
well as carriers, and
m ake concessions in rates, which it was not slow to avail
issues an obligation
of.
beyond
An oth er plan is the one that has grown directly out
that since a road
to deliver
its own line
of
the
road, it
as a
forwarder
freight at a
practically
point
becom es
o f the former, b y which settlements for any excess are to
responsible for the connecting roads over
be made on the basis of the full gross earnings derived on
bills of lading are issued.
the excess, without any allowance for cost of carriage.
“ to the goods,”
This plan has not been in practice sufficiently long to permit
“ must know that such connecting roads are able to make
o f any definite statement o f its value, but it-is clearly
<( it g ood .”
“ Should
he remarks,
Besides,
any
which such
dam age
occur
“ it (the forw arding
road)
the connecting
roads
being the
I f a road in the legiti agents of the road issuing the bill of lading, collect the
mate coursé o f business obtains m ore than its allotment money due that road, and hence the latter must have con
and carries the traffic to the point o f destination, it gets fidence in the ability and management of those roads, &c.
A ccordingly, Mr. Fin k claims for the railroads, when a
absolutely nothing for its trouble.
On the contrary, it is
objectionable for m any reasons.
punished
for the preference shown it b y shippers, and
bill of lading is issued by them
for points beyond their
m ust bear the penalty o f carrying the surplus for nothing
own termini, that they have the right
and give the proceeds to some other road.
necting line to which the freight
It will readily
be understood that a road favored by shippers in this way
to
select the c on
shall be delivered.
If
the shipper objects to this, and insists upon nam ing him - .
would not long subm it to treatment o f that kind, and in self the connecting road to be.used, he is at liberty to do
deed we See it stated that it was never contemplated to so ; but the forwarding company will not issue a through
carry this plan into operation on
a large
scale, the idea
bill of lading, and the shipper must forego .the benefits o f
being to m ake settlements on that basis only where it was
through rates.
found impossible or impracticable to divert freight
matter, and as it determines, if correct, the im portant
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.
H is argument, however, is par
ticularly valuable because it offers assurance that there
is no present likelihood of a disruption o f railroad pools
by a loss of one of. their most important prerogatives.
one line to another.
A n d the la tte r . gives
plan, the only one in truth
that has been attended
a fair m easure.of success— one
with
whose efficacy has been
tested and has stood the ordeal well.
favor of this plan are that it
from
us the third
does
The advantages in
not
delay settlements
This is in
brief
Mr. F in k ’s view o f
the
THE CHRONICLE.
Sept. 1,
1881.
Exports Year ending Sept. 1,1883.
Other
Sept. 1, Great Chan
1882. Britain. nel. France Foreign.
Xotusiana.. 1,690,4Ì9 1,191,226
Alabama... 313,228 265,040
So. Car’lina 590,914 522,299
824,250 741,536
Georgia—
Texas....... 887,418 459,360
Florida__
20,198
23,287
No.Car’lina 181,528 185,037
995,233
813.174
Virginia...
New York. 138,227* 163,612*
192,111* 232,635*
Phila., &c.. 112J62*
94,102*
72,029*
26,039*
Baltimore1,261*
2,908*
109*
S. Fr’ncisco
Total.
Stock
Sept. 1,
1883. '
852,366 13,267 296,988 441,326 1,603.947 53,629
' 34,840
1,100 45,290 3,203
9,350
127,897 3,186 24,775 217,115 372,973 3,441
110,314
25,858 283,028 4lU,000 4,250
315,374 6,081 39,328 165,589 - 526,372 17,611
100.
862
762
4,590
48,372 4,800
57,762
858
28,985
372,728
401,713 13,934
557,593 15,752 39,185 164,998 777,528 114,115
4
543 186,592 5,880
186,045
3,248 104,480 ' 6,432
101,232
68,284 248,128 8,753
. 4,823
180,021
138
924
1,062
Totals— This year 6,019,738
2,888,468 43,090 440,107 1,374,044 4,745,709 232,106
381,186
4,720,364
5,874,090 2,843,957 56,210 556,344 1,139,768 4,596,279 212,233
I W * These figures,are only the portion of the receipts at these ports which
arrived by rail overland from Tennessee, &c.
Prey. yr.
B y the above it will be seen that the total receipts at. the
A tlan tic and G u lf sh ippin g ports this year have been
6,019,738 bales, against 4,720,364 bales last year and 5,874,090
bales in 1880-81, and the exports 4,745,709 bales, against
3,595,031 bales last season and 4,596,279 bales the previous
season, Liverpool getting out of this crop 2,888,468 bales. If
now we add the shipments from Tennessee and elsewhere
direct to manufacturers, and Southern consumption, we have
the following as the crop statement for the three years.
Year Ending September 1.
1882-83.
1881-82’
1880-81.
Beceipts at the shipp’g p ’rts.bales
A d d shipments from Tennessee,
&c., direct to m an u factu rers...
6,019,738
641,490
477,481
510,239
T otal....... ....................................
M anufactured South, not included
atoove......... .....................................
6,661,234
5,197,845
6,384,329
331,000
238,000
205,000
4,720,364
5,874,090
T o t a l C o tto n C ro p f o r th e
IT ear................................ba le s. 6 ,9 9 2 ,2 3 4 5 ,4 3 5 ,8 4 5 6 ,5 8 9 ,3 2 9
The result of these figures is a total of 6,992,234 bales as the
crop of the United States for the year ending Aug. 31, 1883.
W e now give in detail the processes by which the above
conclusions have been reached.
Overland and In ter-S ta te M ovem ent.
Again the overland movement reflects the important fact
that within certain limits our railroads regulate its volume.
This truth was illustrated very clearly a year ago. . Then,
although the crop was over one million bales less than the
previous crop, the gross overland showed a small increase.
This year, although the crop is over one and a half million
bales more than the last one, the increase in gross overland is
only about 82,000 bales.
I f the movement had borne the
same relation to the total production that the last did, the gross
would have reached 1,459,000 bales.
It is not difficult to account for these variations. In the
first place there is an amount of cotton which every year
seeks the North through the railroads, because mills situated
in certain localities always find that to be the cheaper route
for them. Of course as spindles increase within that district,
the volume of this movement must increase, varied to a limit
ed extent by the nature of the crop and the staple procurable.
But beyond the supply such mills need, tlie total thus carried
appears to be governed by the abundance of other freight
offering. Railroads seek and cultivate business more indus
triously when the trafile is not plentiful. Thus a year ago all
crops were everywhere very deficient, and especially in the
cotton States.
Railroads needed freight and particularly
return freight from, the South— they carried provisions there
Under such circumstances the all-rail routes have tended in
no degree, during the past twelve months, to diminish the
natural movemement of cotton to the outports. Each port
has 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 w e
have prepared the following, showing the percentage of the
total crop the movement through each port has borne since
1873-4.
Per cent of Crop
Received at—
Wilmingt’n, &c.
Norfolk, &c.....
Charleston, &c.
Savannah, &c..
Florida...........
M obile..........
New Orleans...
Galveston, &c..
N. Y., Bost., &c.
02-59
14-24
08-45
11-79
00-29
04-48
24-17
12-69
07-39
CQ
00
rH
CO
G
O
03-40
14-96
09-61
13-64
00-43
04-88
21-91
08-45
09-56
ÖO
C
oi>
CO
02-35
14-18
10-19
13-51
00-29
05-95
24-37
10-83
07-48
01-85
13-22
08-59
12-88
00-30
06-23
26*13
08-60
09-07
02-68
11-20
10-00
13-89
01-12
07-14
23-40
11-471
06-75
Total through
all p o rts...... 86-09 86-84 89-15 86-87 87-65
Overland net... 09-18 08-78 07-74 10-02 09-35
Southern consumption...... 04-73 04-38 03-11 03-11 03-00
Tot. U. S.. crop. ioo-oolioo-oo!ioo-oo 100-00 100-00
. S
i>
CO
03-13
10-68
09-37
12-57
00-45
08-71
28-92
09-60
06-89
C'D
L
IO
i>
CO
iH
1874-75.
P orts.
1876-77.
Receipts for Year
ending—
from the W e st and wanted something to bring back. A s aconsequence, rates were'made to conform to these conditions
and the roads must have offered as good terms as the coastwise
steamship lines granted, for 113,787 bales were taken by the
railroads from the outports of Mobile, New Orleans and
Galveston to carry North, against 54,869 bales in 1880-81 and
28,163 during tliis season. Such a decrease in the later yearscan 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. A s 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 thepast season bears a smaller relation to the total production
than it has held for many a year.
1878-79.
C R O P O F 1 8 8 2 -8 3 .
Our statement of the cotton crop of thé United States for the
year ending Sept. 1,1888, will be found below.
It will be
seen 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
o f 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
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.
249
1880-81.
COTTON M OVEM EN T A N D
11882 83.
1
S e p t e m b e r , 8; 1883 ]
i
ci
i>
0
r0H
03-08
12-84
10-43
10-96
00-52
08-05
26-64
11-30]
06-21
02-31
11-33
08-92
11-24
00-33
08"02
30-33
10-47
06-77
02-65
10-91
11-45
15-74
00-29
08-37
25-93
09-61
06-29
01-39
18fÌ3Ì
10-51
15-01
00-34
07-1829-2909-33
06-04
90-32 90-03 89-76 91-24 91-23
06-60 06-69 07-13 05-36 05-7003-08 03-28 03-11 03-40 03-03
100-00 100-00 100-00 100-00 100-00-
The foregoing affords at a glance a history of the changes
made and in progress 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 the changing inducements of one route over
another.
In the above table we have only figured the net overland, a s
the remainder of the gross amount is counted either at N ew
York, Boston, & c., or at the Southern ports where it first
appears* in receipts. Still the entire gross amount reaches a
market by some all rail route, and hence in measuring theoverland we can only do so correctly by using the gross figures.
To show, therefore, the progress made in the m ovem ent
since 1873-74 we give the following statement of total cropand overland, and percentages of increase and decrease of each,
for a series of years.
Crop o f
1882-83 . . . .
1881-82 . . . .
1880-81 . . . .
1 8 7 0 -8 0 ....
1878-79 . . . .
1877-78 . . . .
■1876-77 . . . .
1875-76 . . . .
1874-75 . . . .
1873-74 . . . .
Total Yield.
Gross
Overland.
Bales.
Bales.
6,992,234
5,435,845
6,589,329
5,757,397
5,073,531
4,811,265
4,485,423
4,669,288
3,832,991
4,170,388
1,217,215
1,134,788
1,090,067
1,181,147
891,619
693,640
636,886
703,780
461,751
497,083
Change from season of ’73-74 to ’ 82-83
Increase and DecreaseOf Crop.
Of Overland.
Per Gt.
Increase 28'G1
Decrease 17'50
Increase 14-45
Increase 13-48
Increase 5-45
Increase 7-26
Decrease 3-94
Increase 21-81
Decrease 8 09
Increase 6 -10
Per Ct.
Increase 07-26
Increase 4-10
Decrease 7-71
Increase 32-47
Increase 28"54
Increase 8-91
Decrease 9-50
Increase 52-42
Decrease 7-11
Increase 23-56
Incr’se 144-87
This statement brings out the fact that the gross overland
movement was less influenced by the railroads prior to 1880-81
— that is to say previous to that data its volume seems to have,
fluctuated with the changes in total yield.
In determining this year the portion of the crop forwarded
250
THE CHRONICLE.
[Voli. X X X V II.,
by each of the different overland routes, we have introduced
no new features. And yet to prevent any misunderstanding,
we repeat our explanation given in previous reports.
First. We have follow ed our usual plan o f counting each "bale o f cotton
at the Southern outport where it first appears. This is a simple rule
[N ote .—I n designating through routes in tlie above m ap, the name o f
the main com pany or system alone is used. Thus the New Y ork Central
is given as running a ll th e w ay to Chicago and all the w ay 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. L ou ’s and the St.
applying to every part o f our annual cotton crop report. In this w ay
Louis A lton & Terre Haute. But as these connecting lines are all co n
w e not only preserve the unity o f the report, and therefore sim plify it,' trolled b y the same parties that control the main system, for the sake of
hut, as a consequence, also make it m ore intelligible and less liable to sim plicity the name o f the parent com pany alone appears. The same
error.
remark applies to the great systems o f the South, like the Louisville &
Second.—From the gross carried overland w e consequently deduct all Nashville, the East Tennessee, the.Kickmond & Danville, the Chesapeake
cotton shipped b y rail from Southern outports to the North.
For & Ohio, the Cincinnati Southern, &e. The latter, fo r instance, is made
-instance, from N ew Orleans, Mobile, &c., frequent shipments are thus up of quite a number of pieces o f road, each in a separate organization,
made, an account o f w hich is kept, but it is all included in the crop of but all being in the possession of the Erlanger syndicate ]
N ew Orleans or M obile; &c., as the case m ay ber when it appears there,
B y examining the above diagram, and with the aid of ex
a n d therefore when the same cotton appears again in the overland, it
planations made in our previous annual reports, nothing
m ust o f course be deducted, or it w ill be tw ice counted.
Third.—We deduct from overland, likewise, the small amounts taken further will be needed to- explain the following statement of
from the Southern outports fo r Southern consumption. They, also, for the movement overland for the year ending Sept. 1, 1883.
the sake o f unity and sim plicity, are counted at the outports where they
first appear. But, as is w ell known, the entire Southern consumption is
1882-83. 1881-82. 1880-81.
m ade up in ah item b y itself and added to the crop. Hence, unless these
small lot3 w h ich thus go •into Southern consumption from the Southern
Amount shipped—
outports are deducted somewhere, they w ill be tw ice counted.
From St. L o u is ...........................................
461,054 388,260 401,948
Fourth.—W e also deduct the arrivals during the year b y railroad from
Over Illinois-Central.................................
22,493
5,523
33,817
the W est and South at New York, Boston, Baltimore, Phdadelphia and
198.242 157,462
120,404
Over Cairo & V in cen n es..........................
Portland. Those receipts reached these ports b y com ing across the
Over the Mississippi R iver,above S t.L .. 111,753 103,096 140,024
coun try, and appear in our w eekly totals, becom ing a part o f the receipts
27,799
14,929
Over Evansville & Terre H aute.............
27,971
a t the ports, under the heads o f “ N ew Y ork,” “ B oston,” &e. A ll this
50,291
Over Jeffersonville Mad. & Indianapolis
104,083
86,157
cotton, then, having been counted during the year, must now be
62,854
42,542
Over Ohio & Mississippi B ranch............
26,495
deducted as has been done.
Over Louisville Cincinnati & Lexington
52,708 109,417
43,713
To add interest to "the foregoing explanations, and to give
52,086
69,064
Receipts at Cincinnati b y Ohio R iv e r ...
61,538
78,186
each reader the power to trace the course of the overland
Receipts at Cincinnati by Cim South’rn
71,691
133,573
93,450
13,299
Over other routes............ .........................
28,118
movement, we prepared last year a new map, more full and
13,123
Shipped to mills, not included a b o v e ...
17,168
12,739
detailed than our previous similar diagrams, and have this
year corrected it by adding the new lines constructed during the
twelve months. It will be noticed that we have put down on
this map not only all Southern outports, but also every place
in the Southern States from which we now receive a monthly
weather report. ^Furthermore, we indicate every great through
route or combination of roads over which cotton seeks a mar
ket. For instance, a shipment inland from Galveston would
pass over the International & Great Northern and the Mis
souri Kansas & Texas, crossing the Mississippi at Hannibal,
or would reach the Iron Mountain Road over a branch of the
Texas Pacific and cross the river at either Cairo or St. Louis.
These and other features of this map will make it both inter
esting and useful.
Total gross ov erla n d .......................... 1,217,215 1,134,788 1,090,067
Deduct—
R eceipt^overland at N.Y., Boston,&o.
Shipments between (or South from)
Western interior t o w n s .....................
516,490
519,405
493,301
15,228
5,561
11,939
15,499
16,822
82,565
2,035
1,054
4*794
49,021
1,550
North Carolina p o r t s .............................
Virginia p orts..........................................
194
8,124
27,630
2,100
2,731
754
2,468
5,590
9,830
6,006
12,113
T otal to be dedu cted..........................
575,719
657,307
579,828
Leaving total net overland*___ . . . .
641,496
477,481
510,239
. Shipments inland {not otherwise deduct
ed) from —
G a lv eston ................................................
New Orleans............................................
M ob ile.......................................................
S avan nah..........................................
fe This total includes shipments to Canada b y rail, which during 1882-3
amounted to 36,542 bales, and are deducted in the statement o f con
sumption,
According to the above, the total carried overland this year
was 1,217,215 bales, against 1,134,788 bale3 last year and
1,000,067 bales the previous year, and the movement direct to
manufacturers this year reaches 641,496 bales, against 477,481
bales a year ago and 510,239 bales in 1880-81. This shows an
increase from last year of 82,427 bales in the gross movement,
and an increase of 164,015 bales in the net movement. W e
now give the details of the entire crop for two years.
L o u is i a n a .
E xported from N. Orleans ---------- 1882-83.--------- ■
> i--------- 1881-82.--------- .
1,178,612
To foreign ports ................1,603,947
To coastwise ports............. 352,679
242,323
To Northern ports, &c.,
16,822
b y river and rail*.. .......
969
7,155
M anufactured*...-................
5,023—1,415,609
Stock at close o f y ea r.........
53,629—2,018,379
Deduct :
R eceived from M obile___ 223,894
R eceived from Florida,&c
16
R eceived from Galveston
and Indiacela................. t 98,967
Stock beginning o f y e a r ..
5 ,0 2 3 — 327,900
Total product o f year .........
133,911
161
48,392
71 ,9 1 9 — 254,383
1,690,479
1,191,226
* In overland w e have deducted these tw o items,
t Including 16 bales from New York.
A la b a m a «
E xported from Mobile :*
To foreign ports................
To coastwise ports............
M anufactured............
Stock at close o f year . . . . . .
Deduct :
R eceipts from N. Orleans.
Receipts from Pensacola.
Stock beginning o f y e a r ..
Total product o f y e a r . . . . . .
45,290
266,057
630
3,203— 315,180
195
1,560
197—
1,952
33.3,228
4r0,yi>t>
223,755
1,099
197— 271,417
2,096
4,281—
6,377
265,040
* Under the head o f coastwise shipments from Mobile are included
32,102 bales shipped inland by rail, o f w hich 27,000 bales, w ith 63 0
bales local consumption, w ill be found deducted in the overland m ov V
ment, the remainder being deducted at Norfolk and Savannah,
THE CHRONICLE
Septem ber 8, 1883.]
251
T ex a s.
E x p ’ted from Galvcet’n,&c.:^
To foreign ports (except
To M exico, from Galves
ton, Eagle Pass, &o.......
Burnt and m an u ra ctu rei...
-----1882-83.-
R eceived at Galveston
from Indianola, & c .. . . .
R ecovered from wrecks o f
•. brigs Ceres and A v e n . . .
Stock beginning o f y e a r ..
27,855
368,949
14,897
229,944
912,932
* Total product o f year . . . . . .
1,757
24,628—
25,514
887,418
42,304
459,360
* Coastwise exports are m ade up as fo llo w s: 349,899 bales from Gal
veston and 19,OoO bales from Indianola, &c., the 8,056 bales received at
Galveston from Indianola, &c., being subsequently deducted. Included
m coastwise exports are 194 bales carried from Galveston North b v
rail, w hich are deducted in overland.
y
F l o r id a .
E xported from Fernandina, &c.*
To foreign ports ..............
862
4,706
To coastwise p orts............
19,336
18,581
Stock at close o f y e a r ......................... — 20,198
23,287
Deduct :
Stock beginning o f y e a r ..
To'tal product o f y e a r .........
20,198
23,287
rePrfsent this year, as heretofore, on ly the shipments
outports. Other Florida cotton has gone inland to
f
r
f
¿
iC-’ but w e have follow ed our usual custom o f count
in g that cotton at the oulports where it first appears.
G e o r g ia .
E xported from Savannah:
To foreign ports—Upland 418,385
To foreign ports—Sea Is’d
613
To coastwise ports—
Upland ............................ 394,658
Sea Islan d...................
11,442
E x port’d from Brunwick,&c.:
2
To foreign p o rts...............
To coastwise p orts....... .
8,636
B u r n t .....................................
206
M anu factured......................
2,100
Stock at close o f year—
U pland.. ............................
4,235
Sea I s la n d ..................v. ___
i 5 _ 840,292
336,488
2,137
7,026
300
2,035
5,331
66— 763,620
6 437
6,321
886
1,378
91
2,455
Total product o f y e a r _____
12,B39
t 378-
16,042
824,250
22,084
741,536
These are only the receipts at Savannah from the F lorida outnorts
*>eU18' c °u nted m the Florida receipts, are deducted here. Besides
« i o 0IrUitS’ ^bere have also been 22,310 bales Upland and 7,500
during the year b y rail. ihe m terior o f Florida, received at Savannah,
S o u th C a r o lin a .
E xported from Charleston,&c.:*
To foreign ports—Upland 367,493
T o foreign ports—Sea Is’d
5,480
To coastwise p orts—
Upland t .......................... 203,206
Sea Island..................o.
12,515
Am
A 4,816
qi a
E x p ort'd from
from Georget’n,&o
Burnt at Charleston and
other p orts..........................
421
Stock at close o f year—
U pland.......................... .
3,432
Sea Island.............
9— 597,372
311,058
5,732
198,358
12,724
1.787
695
1,280
- 64-
Deduct: .
R eceived from Florida—
U p lan d .............................
Sea I s la n d ...................
R ec’d from S »v a n ’h, &e.—
U pland........................... .
Sea Island............. [
Stock beginning o f vear— *
U pland.........T... . . . . . .
Sea Island............' ........*"*■
2,075
2,862
1,036
1,500
3,311
1,230
64-
Total product o f y e a r .........
531,698
11
1,216
1,784
718—
6,458
590,914
9,399
522,299
n in tj16 exports from Charleston are the exports from Port
T o Bremen—2,990 hales Upland.
To coastwise ports—14,242 bales Upland and 2,170 bales Sea Island
N o r t h C a r o lin a .
E x p ’d from W ilm ingt’n,&c.:
57 762
To foreign p o r t s ................
To coastwise ports*........... 122,267
Taken fo r consumption'.. . .
743
B urnt.............................
g
l ) e £ * cl0se of
•r-
858-
.
,
T e n n e sse e .
Shipments—
From Memphis .................. 504,943
From Nashville..................
45,282
From other places in Ten
nessee. Mississippi, Texa s,& c . . . . . . . . ........... 831,641
Stock m Memphis and Nash
ville at end o f y e a r .. . . . . .
9,376—1,411 242
Deduct:
’
’
Shipped from Memphis to
New Orleans, & c............ 135,708
Shipped from Memphis to
Norfolk, & e................... 106,278
Shipped from Nashville to
Norfolk, & c.....................
8,956
Shipped direct to manu
facturers ......................
641,493
Stock at Memphis and
Nashville at beginning
o f year............ . . ! ........ .
2,314— 894,752
Total shipments to N ew
York, &e................. ...........
516,490
A dd shipments to m anufac
turers direct....... ..............
641,496
345,789
62,092
724,651
2,314—1,134,843
48,251
67,861
10,760
477,481
11,088— 615,441
519,405
477,481
1,157,986
996,888
Total crop in the United States for the year ending Sept. 1,
~
..............•;....................... ■- - •...........................- ............... bales. 6,932,234
.Below we give the total crop each year since 1835.
Tears.
Bales,
Tears.
Bales.
Tears:
1 8 8 2 -8 3 ....
1 8 8 1 -8 2 ....
1 8 8 0 -8 1 ....
1 8 7 9 -8 0 ....
1 8 7 8 -7 9 ....
1877-78___
1 8 7 6 -7 7 ....
1 8 7 5 -7 6 ....
1 8 7 4 -7 5 ....
1 8 7 3 -7 4 ....
1 8 7 2 -7 3 ....
1 8 7 1 -7 2 ....
1 8 7 0 -7 1 ....
1 8 6 9 -7 0 ....
1 8 6 3 -6 9 ....
6,992,234
5,435,845
6,£89,329
5,757,397
5,073,531
4,811,265
4,435,423
4,669,288
3,832,991
4,170,388
3,930,508
2,974,351
4,352,317
3,154,946
2,439,039
14
107— 185,473
3 867-68 ----- 2.498,895
1866-67___ 2,059,271
1 8 6 5 -6 6 .... 2,228,987
1861-6 5___ No record.
1 8 6 0 -6 1 .... 3,82G,0S6
1 8 5 9 -6 0 .... 4,823,770
18 58-59___ 3,994,481
1 8 5 7 -5 8 .... 3,238,902
18 56-57___ 3,056,519
1 8 5 5 -5 6 .... 3,645,345
18 54-55___ 2,932,339
18 53-54___ -3,035,027
1 8 5 2 -5 3 .... 3,352,882
1851-5 2___ 3,090,029
1 8 5 0 -5 1 .... 2,415,257
1 8 4 9 -5 0 ....
18 48-4 9..
1 3 4 7 -4 8 ....
1 8 4 6 -4 7 ....
1 8 4 5 -4 6 ....
1 8 4 4 -4 5 ....
1 8 4 3 -4 4 :...
1 8 4 2 -4 3 ....
18 41-4 2___
1 8 4 0 -4 1 .:..
1 8 3 9 -4 0 ....
1 8 3 8 -3 9 ....
Í 8 3 7 -3 8 ....
1 8 3 6 -3 7 ....
1 8 3 5 -3 6 ....
Bales.
2,171,70 6
2,808,596
2,424,113
1,860,479
2,170,537
2,484,662
2,103,579
2,394,203
1,688,675
1,639,353
2,181,749
1,363,403
1,804,797“
1,425,575-.
I,360,7fc5
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 has not been fulfilled. W h en the season
opened, the better crops of breadstuffs, 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 seem 3 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 o f 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 o f
400 lbs.
Great Britain.
Tear.
18787 2.813.000
9 ...
1879- 8 0 ... 3.350.000
1880- 8 1 .. 3.572.000
1881-82 .. 3.666.000
1882-83*.. 3.744.000
62,833
122,519
*
7,748
813.174
E xcep t 59,229 „hales deducted in overland, having been previously
counted,
Total product detailed above b y States fo r the year ending
September 1,1 883
Consumed m the South,' not in clu d ed ” '.'.” ..V.V.\V.'.'” .'.'.\b.^ !! !.6’ 3 3 l’ o o o
1,944
5,331
06__
995,233
Total m arketed b y rail from
Tennessee, & c.*._____ ___
394,833
15,404
Deduct:
R eceived from Mobile and
N ew Orleans..................
R eceiv’d from Charleston,
. Brunswick, &o................
R eceiv id from Florida—
U p l a n d * ....:..................
Sea Is la n d * .....................
Stock beginning o f vear—
U p la n d ............... I . . . . . .
Sea Island........................
-1881-82.—
6,095
339-
ports all t h e * h i p n ^ t ^ ^ e e^ m eN o r f o l k aSef oo° iqS: T o fo r eigà
West P oin t; to coastwise ports all
excePt 29,184 bales from
except 198,800 bales shipped from City^oinht Rmhmnnue p ri )m KN orf^lli’
t This item does not include Petersbm-gtMs y e a r . 1’ Petersl)urS '&e*
15,919
‘ ’ ¿ ’,273—
---- -1882-83.-5— ~s
22,524
3,158
1,489— 36,515
8,273— 501,664
17,241
Total product o f y e a r ......... ._
R eceived
from
other
North Carolina ports
R eceived from M obile___
Stock beginning o f y e a r ..
248,550
1 7 ,6 1 1 -
Deduct:
Virginia—Concluded.
-1881-S2.-
498,517
Weekly.
Continent.
Tear,
54,200 2.596.000
63,800 2.725.000
68,692 2.956.000
70,500 3.120.000
72,000 3.328.000
*Estimated for last tw o months.
Total.
Weekly.
Tear.
Weekly.
49.900
51.900
56,846
60,000
64,000
5.439.000
6.075.000
6.528.000
6.786.000
7.072.000
101,100
115,700
125,538
130,500
136,000
Special circumstances have been the cause of the irregularity
m the annual weekly increased consumption seen in the above.
Total product o f year . . . . . .
181,523
185,037 These circumstances have been fully stated on previous occa
sions, but they have however a continuing interest, for so many
nnd°TOnhCn!ioSillipmerlt8
hales w ent inland b y rail from W ilmington,
and with local consum ption are deducted iu overland.
°
» need to be constantly reminded that cotton consumption can
V ir g in ia .
increase no faster than spindles are made to spin it, and that,
E xported from Norfolk, &c.:*
for various reasons, the pounds consumed do not furnish
l o foreign ports ................ 401,713
331,817
safe guide for a conclusion on that point.
A correct
p.o r t s .......... 613,633
477,746
B nrnt —* Iaailu^act u r e ___
t2,468
9,830
nterpretation
of
the
peculiar
circumstances
attending
the last
40
Stock at end o f year, Nortwo seasons, given in our crop report of a year ago, led to the
D e d u c tf^ Petersi)urg- .......
1 3 ,9 3 4 -1 ,0 3 1 ,7 4 8
1 ,4 8 9 - 820,922
conclusion reached, that the increased consumption of Europe
R eceived from W ilmingt’n
9,344
1,314
in 1882-83 would be about 7,000 bales per week. Suoh an
Stock beginning o f y e a r ..
107—
107
436—
436
252
THE CHRONICLE.
[V ol. X X X T I l.
•estimate was. only possible by recalling,, and allowing for the unfavorable condition in the goods trade. Buying .throughout
unusual waste in-the American staple of 1880-81 and the far the season has been of a sluggish, hand-to-mouth character,
better spinning qualities of the staple raised in 1881-82. A very damaging to values, seller's being all the time more will
direct comparison of the pounds consumed between two years ing than purchasers, a condition which has resulted in a con
-differing so widely in the particular mentioned, could only be siderable accummulation of stocks in first hands. Two large
auction sales, nne early in the summer and the other recently,
misleading.
But these facts have no interest now except as a reminder of goods many of which seldom see the auction room, are
th at even with a good season and an average clean American evidences of this statement, and the fact reported that the
-crop, not more than six or seven thousand bales (of 400 lbs. sales went off well is to be interpreted simply as meaning that
each) a week, in addition to this year’s consumption, could be bidding was fairly active, more so than expected, and that
used by European spinners next year. A t the moment the prices, especially at the first auction, yielded less than fearéd,
-outlook would not justify an estimate higher than four or five but not that the manufacturers realized a profit. Still, fine
thousand bales as a m aximum, for they are having a dragging plain goods, until very recently, have stood the ordeal well,
sort of tx*ade in Great Britain, and stocks of cotton goods are the consumption keeping pretty fully up to px’oduction, so that
said to have accumulated in many departments there as well as quotations have been marked down only as cotton has declined.
in Eastern markets; and with the rates of interest high and the In fact, standard sheetings have all along shown a better
profit than a year ago, though the discounts from quotations
fear of their being higher, commercial enterprise is checked.
Not sufficient weight, it seems to us, is given to this feature said to be allowed since the last auction sale have probably But, as, already indicated, the
-of high Bank rates as a business factor. Ever since May 10 the changed this condition also.
Bank of England rate has been 4 per cent; last summer it was greatest decline has fx’om. the first been in colored and dxess
U per cent from March 23 to August 17; in 1881 it was only 2 % goods,— cottonades, ginghams, & c.?— the loss in those taking
per cent from April 28 to August 18; in 1880 it never reached the largest quantity of cotton to the yard being the greatest,
higher than 3 per cent during the whole year, and from June and the poorest quality faring worst of all, some mills being
17 to December 9 it was 2% per cent; and in 1879 it was 2 per compelled to stop production, not able to stand the loss.
An additional feature unfavorable to an active demand and
-cent from April 10 to November 6. If the higher figure now
was due to commercial activity, it wpuld not be oppressive, to prices of goods, has been the drooping cotton market. To
only corrective. But trade in all departments is very slack, begin the season with quotations low for the raw material, and
and the commercial demand for money is very limited, so that to have it continue with an up ward, tendency subsequently, is
-the only reason for the ruling rate is the fear of losing gold, always an advantage to the spinner. Cotton producers are apt
;and that cause is likely to put it higher before it declines again. to thixxk that cotton manufacturers are interested in bearing
.Furthermore, the same fear hangs as a nightmare ovei all the market for the raw material and therefore in having
(European markets, preventing anything like speculative ac extravagant estimates of the crop put out. That is not a fact;
tivity, and is likely to keep trade slow the coming season. In they are only interested in obtaining a true forecast of produc
fact, it is not easy to see any end to the depressing power of tion and consumption. IE they had their choice, they would,
this influence in Europe, until prices of all commodities have as stated above, always see a steady max'ket the early weeks o f
•conformed to the restricted single (gold) basis, or silver is re the crop year axxd rising prices subsequently.
W ith regard to print cloths the results are perhaps some
monetized in Europe, or our own currency drops to a silver
From
standard. A s affairs are progressing now, the latter event what better than for the previous twelve months.
this it is not to be inferred that the year has been a profit
seems likely to happen first.
"With regard to the goods trade in the United States, the able one. O f course in the best m anaged and best equipped
past year’s results have also proved unsatisfactory. There are factories there always seems to be a margin between sales and
Jiowever exceptions to this condition.
In the South for in cost of production. But all mills having inferior machinery
stance, production has been less restricted, and in most have fared poorly. The conditions which have favored man
departments profits, though not as large as in former ufacturers in this department are a decrease to some extent
séasons, are claimed to have been fair. So, also, in the East in the cost of the goods to them and a decrease in yards
A s a result of the latter fact, stocks of print
there has been, as a rule, a good margin on fine plain produced.
goods.
And here it m ay be well to remark that these cloths are to-day (September 1) only 692,000 pieces against
tiwo Statements have a relation to one another, which in 1,348,000 pieces at same date last year, 1,205,000 pieces in 1881
part accounts for the unprofitable business , and accumulating and 752,000 pieces in 1880. The falling off in production is
stocks a considerable portion of the Northern mills have had due in part to a diminished desire to turn out goods and in
to encounter. The fact is, spindles have increased in the part to a change in manufacture by some mills from prints
Bouth until the grades of goods chiefly produced there have to ginghams, &c. Last year the public was laboring under
com e in competition with similar makes in the Noith, causing the hallucination that prices of everything would be very high
' their produ xtion to be less profitable. Of course the coarser thé latter part of the season, and especially of cotton, and
the goods the more the conditions favor their manufacture in hence that one could not have too large a stock of anything,
the South, while also the lower freight rates from the South but more particularly of print cloths. This year no one seems
than from the East to the W est have widened the disparity in to desire more than enough to supply present wants. The
dailv ruling prices for print cloths have been as follows.
th e Western markets.
demand are seeking adjustment.
But, as stated, the general depression in all branches of busi
ness has aggravated not only these influences, but every other
3-84 3-69 3-69 3-69 ■ S. 3-75r3-63 3-60 3-62 3-63 3-50
28
3-63 S. 3-62 3-631 8.
3-84 8. 3-69 3-6Ê 3-6Ê
29
3-63 3-60 H, 3-63 3 48
3-84 3-69 H . 3-69 3-69
30
13-631
. . . 3-62 . . . J3-48
3-69
8.
3
6
9
.................
31
Aug.
I July.
I June.
1
May.
j April
j Jan.
! Nov.
Sept.
This competition would not have been so soon felt in pros X5AILY PKICE.S OF PRINTING CLOTHS FROM SEPT. 1, 1882, TO AUG. 31, 1883.
perous times; that is, the counti’y would in that case have
A
Day.
O
tel
gr® 1
„ taken the productions of both sections at paying rates until
«pindles had become still more numerous in the South. But
TT.
3-69
3-73 8. 3-59 3-62 8. 3-48
3-69
3-69
1
3-85 S.
Q
3-85 3-83 3-69 3 6 9 3 6 9 3-73 3-73 3-62 3-59 3-62 3-63 3-48
th e depression in all branches of trade and the slackened con
3-731 3 60 3-59 8. 3-63'3-48
3-69
3-75
8.
3-69
S. 3-79
8. 3-60 3-59 3-62 H. 3-48
sumption developed an excessive supply, with the results men
<\
3-85 3-77 3-69 3 6 9 3-69 8.
3-60 3-63 3-62 3-63 8.
3-75
3-73
3-65
5
3-85 3-77 8. 3-69
tioned. Y et we do not at all mean by this that, except in'those
3-85 3-75 3-69 3-69 3-65 3-75 3-73 3-59 8. 3-62 3-63 3-48
6
3-69
3-79
3-71
3-59 3'63 3-62 3-60 3-48
8.
3 85 3-75 H.
7 "•
departments where the South comes in competition, the manu
s
3-85 8. 3 69 3-69 3-65 3 ’81 3-69 8. 3 69 3 62 8. 3-48
3-69
3-59 3-69 3-62 3-60 3-48
facture of cotton goods in the North has been profitable. A ll
3-81
3-85 3-75 3-63 3-69 3-63
9
3-69 8. 3-60 3-48
S. 3 6 9 3-63 8. 3-63 3-81 3-69 3-56
we intended to say was that that has been a prominent feature io ’
3-56 3-69 3-62 3-60 3-48
8.
3-69 3-63 3-69 3-63 8.
3-85 3 69 S. 3-6913-63 3-81 3-69 3"56 3-69 3-62 3-60 s,
-the past year, that it has led many Northern mills to stop or 12
3-85 3-69 3-63 3-69 3-63 3-81 3-69 3-56 s, 3"62 3"60 3-48
.......
change their production, and that it will probably be a dis 1 3 .
3-85 3-69 3-63 3-69 S. 3-81 3"66 3"56 3-69 3-62 3-60 3-48
3:85 8. 3-63 3-69 3-63 3-81 3-65 8. 3-69 3-62 s. 3-48
turbing feature hereafter, making necessary to some extent a 15.
3-85 3-69 3-63 3-69 3-63 3-81 3-65 3-60 3-69 3-62 3*60 3-47
16.
3-60,3-69 S. 3-59 3-46
permanent alteration in the character of the goods spun in a 1 7 .
S. 3-69 3-63 8. 3-63 3-81 3"65
8. 3-603-69 3-62 3-59 3-46
3-85 3-69 3-63 3-69 3-63 8.
considerable portion of the Eastern States. Already, modifi 1 8 . ...........
3-60,3-69 3-63 3-56 8.
3-63
8. 3 -69 3-63 3-75
3-85
1 9 . *.........
3-85 3-67 3-63 3-69 3-63 3-75 3-63 3-60 8. 3-63 3-56 3-46
cations thus and otherwise caused are in their turn the source 2 0 .
,3-63
3-60 3-69 3-63 3-53 3-46
3-85 3-62 3-63 3-69 8. 3-75
2 1 . ....... .
c f a disturbance in other branches of thè trade with which
3-85 S. 3-63 ,3-69 3-63 H. 3-63 8. 3-69 3-63 -S. 3-46
................ 3-85 3-62 3-65 3-69 3-65 3-75 3-63 3-60 3-69 3-63 3-53I3-46
fh e modified mills have connected themselves; and so it must 2 3 .
3-64 8. 3-50 3-46
S. 3-62 3 67 S. 3-65I3-75 3-63:3-60
2 4 . ................
8. 3-60 3-62 3-63 3-50 3-46
3-85 3-62 3-69 H. 3-69Ì 8.
•go on, so long as our spinners are confined to the United 25 V..........
3-62 3-63I3-50 8.
3(53,3-60
3-75
3-69
3-69
8.
3-62
............-• 3-85
States for customers, while the relations between supply and 26
3-85 3-62 3-69 3-69 3-6S 3-75 3-63|3-6l 8. 3-6313-50 3-46
27
3 46
3-46
3-46
3-46
THE CHRONICLE.
S eptem ber 8, !883. j
The relative position of goods and cotton may be at a glance
approximately determined on the basis of the following com
parison of prices of cotton, standard sheetings, Lancaster ging
hams, and printing cloths, the first day of each month for the
past three years.
Sept..
O ct...
N ov ..
D e c ..
J a n ..
F eb. .
M a r ..
A p r ..
M a y ..
J u n e.
July .
A u g ..
129i6
111«
io%l
10
934
9U i6
9 n l6
9916
10
10%
913,6
9%
8% 8 ^
8I4 8*2
814 8*3
8% 8*2
8
8ia
8
8ia
8
8
8
8
8
8
8
8
8
8
8
8
3-85
3-83
3-69
3-69
3-69
3-69
3-73
3-62
3:59
3-62
3-63
3-48
Cts.
UU16
11516
H 316
HSg
UUe
H°16
11%
H ills
1 H 3X6
11%
123i6
12%
8%
8%
8%
8%
8%
8%
8%
8%
8*4
814
814
8%
10%
10%
10*2
10*2
9
9
9
9
9
9
9
3
3% 11%
4 Ü
4 10»x 6
4 119,6
4 11*2
313x6 113x8
3-73 11
3-77 915x6
3-94 9%
3-81,105x6
3-85jl038
3-85)irix6
\ Sheetings.
Lancaster,
Ginghams.
Cts.
1880-81.
j Standard
Cts Cts. Cts.
Upl’d Cotton.
Low Middl’g
Upl’d Cottoti.
Cts. Cts. Cts.
Lancaster
Ginghams.
Cts.
■Low Middl’g
Tear Ending with Aug. 31—
-________________ ;_____ _____ . ________ _
1881-82.'
1882-83.
T#
cc
*c©
CO
1 4ü
a
g 4
Jg CO
•S to
a H ;g «£
.§ J2
1 1
§ i *2 S
is
PCfl-Jj
Ps ^
§
'S
O
§
Standard.
Sheetings.
|
Low Middl’g
Upl’d Cotton.
First Bay o f Ea
Month.
£*
O
? **
.5* co'
5
Cts. Cts. Cts.
7%
7%
7%
8%
812
8%
8ia
8I2
8
8
8ia
8ia
N ote .—Sheetings—A gents’ prices (for A tlantic A) are given.
Cloths—M anufacturers’ prices.
3*8
4%
4%
IOI2 4%
10k 4%
10 ia
10% 313X6
10% 3%
10% 4
10% 315x6
10% 3%
Printing
In addition to the foregoing, which are onr usual tables of
prices, we have also prepared the following as further illus
trating our remarks above.
*
Southarn 3 ya d sheetings. ^
Pepperell R fine sheetings ^
Wamsutta4-4 bl’ch. cot’ns |
Lonsdale 4-4bleach.cott’ns ^
64x64 4-4 bleached cottons 5
Standard fancy prints......^
Shirting prints................... <
1881.
1882.
1883.
Jan. 1, 7% net. Jan. 1, 7'40 net. Tan. 1. 8% net.
Sept. 1, 7% net. Sept. 1, 7 net. Sept. 1, 6% ret.
Jan. 1, 7%
Jan. i, 8
Jan. 1, 8
Sept. 1, 7
Sept. 1, 7M
Sept. 1, 7-M
Jan. 1,11%
Jan. 1,13%
Jan. 1,13
Sept. 1,13
Sept. l,yll%
Sept.l. 13
Jan. 1, 9%
Jan. 1,10
Jan. 1,10%
Sept. 1 , 9 % Sept. 1,10
Sept. 1,10
Jan, 1,,6%
Jan. 1, 7
Jan. 1, 6%
Sept. 1, 5% net.
Sept. 1, 6%
Sept. 1, -6M
Jan. 1, 6% ...
Jan. 1, 6%
Jan. h 7 Sept. 1, 6%;
Sept. 1, 7
Sept. 1, 6%
Jan. 1, 6
Jan. 1, 6
Jan. 1, 6'
Sept. Ì, 5
Sett. 1, 6
Sept. 1, 6
N o te .—Goods not marked “ n e t ” subject to a discount o f 5 per cent
on plain cottons and 6 per cent on prints;
The 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. It is to ¡be said, however, that in dull
times the discounts allowed prevent exact conclusions being
drawn from any table of quotations.
W e thus see that the y e a r , 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 steadily 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
affectiDg 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 1879) 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. W ith
this single exception everything favors a speedy revival of our
industries.
*
253
It is scarcely 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
is reasonable that spindles should not be pressed during a year
of poor trade and unremunerative prices ; hence there is alwaysconsiderable 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
produced. This year, however, there has been loss front
both these causes. Our 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 farm wells, 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 mouths 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, &e., 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, have not any steam power, and as
their water fails their use of cotton falls.
On the other hand there has been considerable increase in spin
ning power during the year. This-has been brought about by
replacing old spindles and thus enlarging, by the substitution
of new ones, their efficiency and capacity for the production of
yarn; a’so by the actual addition to the number of spindles b y
the completion of new factories and the extension of old one3.
These movements were in full progress in the early mdnths,
but to a 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 daring the
year (not including the substitution of nSw 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
in the South is relatively large, 180,000 spindle3, because in
many cases mills begun long previously did not get their spin
dles at work until 1832-83. The totals Sept. 1 for the last three
years are believed to be about as follows.
Sept. 1.
1881.
1882.
1883.
North . . . . . ............
South........... ...........
10,765,0 JO
610,000
11,320,000
680,000
11,800,000
860, OOO
T otal.................
11,375,000
12,000,000
12,660,000-
-i
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 ia itself, very small in its rela
tion to the field to be covered, and is annually decreasing. I f
that is a record that meets the ambition of the country then
let us be contented with it; but if we have desires more in ac
cordance with our opportunities, and do not wish overproduction
to be chronic in the years to come, it seems unwise not to seek
and apply a remedy. Mr. Nimmo, the chief of the Bureau o f
Statistics, has kindly given us the figures for this year and wo
add to them for comparison previous years’ results.
Exports o f Cotton
Manufactures.
Tear Ending June 3 0 —
1883.
1882.
Colored goods .. .Yds. 34,066,292 29,525,672
Do
Value. $2,648.278 $2,326,319
U ncolored goods.Y ds. 103,634,459 114,994,402
Do
Value. $3,629,723 $9,351,713
Other m an’f ’s o f Value. $1,673;144 $1,534,947
1881.
1880.
68,184,293
$4,983,312
80,399,154
$6,624,374
$1,963,601
37,758,166
$2,956,760
68,821,567
$5,834,541
$1,190,117
Total cotton m anufac
tures export’ d Value $12,951,145 $13,212,979 $13,571,287 $9,981,41®
This is certainly a sorry exhibit— a total less than last year,
while even last year’s was less than the previous year— a paltry
13 million dollars against Great Britain’s 380 millions. And y e t,
as we have often said, there is no industry in which our
advantages are so positive.
W e grow the cotton and conse
quently the difference in freight on the raw material should
254
THE CHRONICLE.
[V ol . x j x y u .
W e ig h t o f B ales.
make an important saving, especially in the cost of the coarser
yarns; we have the best appointed factories in the world and
The gross weight of bales and of the crop this year we have
the most intelligent workmen, so that it is believed that wages made up as follows. W e give last year’s statement for com
reckoned in production of goods are very little higher here parison.
than in Europe; we have customers which are so near that they
Tear ending September 1, 1833.
Tear ending September 1 1333.
can be more cheaply reached by us than by other producers.
Crop of—
W ith such relations to the world’s markets it seems as if we
Number
Weight in Average Number
Weight in
Av’age
o f bales.
pounds. t weight. of bales.
pounds.
weight.
Ought even now to make a batter showing than the above
453,673,650 517-99
887.418
459,360
231,590,938 504-16
indicates; but if not, the country should know the reason for Texas..........
Louisiana.... 1,690,479
822,040,128 4S6-28 1,191,220
556,040,472 406-73
the failure and remove it if possible. Some claim that England Alabama......
313,223 a 158,433,855 .503-81
285,040
131,109,987 494-68
is trading on a smaller margin than she was and paying lower Georgia*.. .. 844,448
407,530,605 482-00
764,823
380,805,250- 471-75
Sp.
Carolina.
590,914 I) 280,684,150 475-00
522,299
241,678,193 482-72
wages, while in producing shoddy eioth.3 with a fine finish (as
Virginia......
995,233 ; [473.243,244 475"51 - 813,174
889,510,346 479-00
suitable as better goods for many markets) no one can equal No. Carolina.
181,528 C ! 85,439,783 470-07
86,737,944 468-76
185,037
743,495,379 499-33 1,234,386 - 588,213,248 476-33
her; furthermore, she has the trade and finds it easy to keep it. Tenn’ssee.&c 1,488,988
Total crop 6,992,234 3,430.546,794 490-63 5,435,845 2,585,686.378 475"07
These suggestions would have more weight if we were gaining
* Including Florida.
ever so little ground and not losing.
Such in brief are the more prominent features of the goods
According to the foregoing, the average gross weight per
trade during the past year. As a whole the results are seen to bale this season was 490-62 lbs., against 475-67 lb3. in 1882, or
be neither satisfactory nor up to expectations. Still, manufac 14"95 lbs. more than last year, which indicates 32*67 per cent
turers think there is real reason for looking forward more increase in the total weight of the crop. Had, therefore, only
hopefully to the future. Stocks of goods are believed to be as many pounds been put into each bale as during the previous
small throughout the country (the surplus, for the reasons season, the crop would have aggregated 7,212,000 bales. The
stated, being now wholly in spinners’ hands), so that a little relation of the gross weights this year to previous years may
greater activity in the demand would relieve the pressure in be seen from the following comparisons.
those departments where the production is now excessive.
Crop.
Average
Season o f—
Below we give our usual statement of the takings of cotton by
Weight
Number o f Bales.
Weight, Pounds
p e r Bale.
spinners North and South during the year.
Total crop o f tlie United States,, as above stated..........bales. 6,992,231
Stock on hand comm encem ent o f year (Sept. 1, 1882)—
A tN orth ern ports............ ................ ..;
98,392
A t Southern ports................... .
21)830 —120,722
A t Providence, &c., Northern interior markets.
3,5 10— 121,232
Total supply during year ending Sept. 1 , 1 8 8 3 . . . . . ......... 7,116,466
O f this supply there has been—
, E xported to foreign ports during the
y e a r........................................................4,715,709
Less foreign cotton in c lu d e d .............
8,224—1,737,485
36,542
Bent to Canada direct from W e st........................
Burnt North and South*.........................................
1,410
Stock on hand end o f year (Sept. 1 ,1 8 8 3 )—
'A tN o rth e rn p orts.................. ...b a le s. 135,180
A t Southern p o r t s ..................................
96,926— 232,106
A t Providence, &c., Northern interior m arkets
5,011—5,012,554
1 8 82-8 3................... .
1881-82....... ...............
1880 8 1 ......................
1879-80......................
18 78-7 9......................
1877-78 ......................
1876-77............... .
18 75-7 6......................
1 8 7 4 -7 5 .............. .
18 73-7 4......................
6,992,231
5,435,845
6,589,329
5.757,397
5,073,531
4,811,265
4,485,423
4,6t>9,288
3,832,991
4,170.383
3,430,546,794
2,585,» 86,378
3,201,546,730
2,772[448,480
2,400,205,5252,309,908,907
2,100,465,086
2,201,410,024
1,786,934,76»
1,956,742,297
490-62
475-67
485-88
481-55
473-08
480-10
468-28
471-46
468-00
469-C0
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
Total takings b y spinners in the United States, year endiDg
September 1 ,1 8 8 3 .................................. ...................................... 2,103,912 is of course less productive than one in which it does not
Taken b y spinners in Southern States, included in above total
331,000
abound. Thus the crpp of 1880-81 was a marvelously dirty
T otal takings by Northern spinners.................................. bales. 1,772,912 and unproductive one. The fall season was extremely stormy
HEP3* Burnt includes not only what has been thus destroyed at the and rainy, and the amount given in our record as raised prob
Northern and Southern outports. but also all burnt on Northern rail ably made less cloth per pound of cotton than the production
roads and in Northern factories. E very fire which has occurred, either
in a m ill or on a railroad in the Nortli, during the past year, we havo of any year in the statement. On the other hand, the crop of
investigated; and where there was cotton lost, have sought, and in
1881-82 was in these particulars and in general spinning quali
alm ost every case obtained, a full return o f the loss.
ties quite the reverse of the previous one, and very like that of
. These figures show that; the total takings by spinners North
1879-80. This season (18.82-83) probably we have a3 productive
and South daring 1882-3 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 i3 due to the extremely
sumption, low prices, added 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,
by the increasing and more general use of condensers and
the heavier bales, and poor trade in some departments, is the
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 spindle.s. In fact, the con
The New Crop and its Marketing.
sumption would have been even smaller had not more cotton
this year gone into heavy draperies, hangings, &c.
Our
Of the growing crop there is far less accord in the opinions
summary o f takings and consumption on the basis of no stocks expressed than there was a year ago. Then the belief seeme d
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 1875-76 and report the 1st of last September, “ that with a favorable fa ll
1876-77, 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 f ull crop of excellent quality,'
Takings and Consumpt’n. 1877-78. 1878-79. 1879-80. •1880-81 1881-82. 1882-83. was nothing more than the reflection of the current opinions of
Taken by—
Bales.
Bales.
Bales.
Bales.
Bales.
Bales l the day. The plant was late both in its start and maturity;
Northern-mllls .......... 1,398,298 1,410,900 1,624,805 1,683,804 1,661,206 1.772,912 but with that exception the conditions favored it almost through
Southern mills............ 148,000 152,000 179,000 205,000 238,000 331.000
out. There were, however, a good many complaints in August,
T ot. takings from crop 1,540,298 1,503,960 1,803,805 1,891,804 1,890,206 -,103,912 as there always are, the report over a wide section being that
47,010
27,274 91,079 127,883 60,883
Stock held by m ills....
63,314
excessive rains were causing extensive shedding and preventing
■Total year’s supply__ 1.593,314 1,032,274 1,831,079 1,982,883 2,027.089 2,164,795
the maturity of the fruit. There were, of course, other reports
Consumpt’n (estimated)—
of harm done, buc in general they were believed to have very
Northern m ills ........... 1,382,000 1,453,000 1,561,000 1,650,000 1,728,206 1,730,000
Southern mills............ 148,000 152,000 179,000 205,000 238,000 331,000 little basis, and in most cases the injury resulting was nominal.
This season the conditions have beyond a doubt been less
Totalconsum ptlon__ 1,530,000 1,605,000 1,740,000 1,855,000 1,966,208 2,081,000
- T ot. supply as above.. 1,593,314 1,632,274 1,831,079 1,932,883 2,027,089 2,164,795 uniformly favorable, especially in August. (1.) The start was
91,079 127,883 60,883 103,795 like last year’s in being late, April proving as a rule stormy,
Leav’g mill st’ks Sept. 1 63,314 27,274
and May, until towards the close, cool and dry, more especially
The foregoing leaves stocks in spinners hands at 103,795 in the 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
2,061,000 bales of cotton.
ward, the fields being clean and well cultivated. (3.) As to th
THE CHRONICLE.
Septem ber 8, 1883,]
summer growth, it lias been attended with complaints, first of
; excessive rains in some districts in June, and then of drought
and caterpillars over a wide area in July and August. The
June rains stopped so .soon, that they proved to bé of more
benefit than harm, and the loss from caterpillars is generally
admitted to be up to this time small, except in very limited
districts.
The drought, however, has undoubtedly left its
mark, though it has been broken by abundant rains in two thirds
of the cotton belt affected by it. (4) W e can see, therefore, no
evidence at the moment supporting the current large popular
estimates of loss. The acreage is at least 5 per cent larger
than last year, nearly all reports of condition and prospects
were favorable until the middle of July or later, and the dry
period since then, though severe, has- been short compared
with two years ago, and as a general rule accompanied with
less extreme temperature. A significant fact bearing upon
thèse latter points is the report from some of the worst sec
tions, that the corn crop has been either very good or fairly
successful. It will be remembered that in 1881-82 corn and all
other crops as well as cotton proved a failure in almost every
Southern State. This marked difference, if there were no
other evidencer shows of itself that there is no comparison
between the two seasons.
sr
2 -tf> 0
In some respects a better indication as to maturity is the
arrivals of new cotton to September 1. In 1880, and to a greater
extent in 1881, the speculation and corner in futures led to the
most persistent efforts to push cotton forward as fast as picked.
Last year tiiere was perhaps a little less inducement, but no
hindrance to a tree movement, unless the yellow fever may
have acted as such jn a small district in Texas. This vear there
have been yellow fever rumors at New Orleans (though as
appears wholly without cause) which may possibly have had.
some slight effect on cotton arrivals. Other than that, there has
been nothing to retard the movement except low prices, and no
speculation to hasten it.
_____________ ARRIVALS OR NEW COTTON TO SEPTEMBER 1.
1877. 1878. 1879. j 1880. 1881. 18S2. 1883.
Charlotte, N. C .......
7
11
29
50
Charleston, S. C___
1,408
140 1 2,550 2,500 1,450
500
Augusta, G a............
i l 7 1,589
103 1,800 1,592
652
356
Atlanta, G a___ ____
3
50
12 I 350
450
25
Savannah, G a..........
227 4,765
5 2 112,438 10,108 4,958 3~,278
Macon, G a .. .............
113 1,286
135 1,217 1,225
589
Columbus, G a.......
72
723
76
425
738
535
325
Rome, Ga..................
42
5
121 ' 187
1
6
Montgomery, A la ___
304
795
604 1,163 3,165
688 * 500
Mobile, A la ...............
5S
530
185
808 1,878
47
125
Selma, A la............
13,7
803
450 1,100 2,000
200
650
Eufaula, A la ........... .
243 . 698
205
768 1,646
448
365
New Orleans, L a___
419 1,113
734 1,798 t4,279 1,196 1,226
Shreveport, L a.........
56
187
277
231
945
37
'340
Vicksburg, M iss.......
46
*200
18
125
682
1
* 10
Columbus, M iss____
138
Nashville, Tenn....... None.
10
3
40
56
3
3
Memphis, T enn.........
1
48
1
80
880
30
Galveston, T e x a s .... 1,051 8,691 10,527 10,517 17,098 15,677 22,738
Dallas, T exas............
18
39
45
131 1,026
3
150
Si
W hile, therefore, we are inclined to-day to look for a
decrease in the aggregate yield, we cannot, if the fall season is
favorable, see any evidence that it will be large enough in
amount to affect the sufficiency o f the world’s supply. Those
To*al all ports to
1
September l...| 2,865 23 ,184 74,0 42 35,691 50,633 26,253 31,250
who do not wish to repeat the error of two years ago, should
* Es timated ; no returns received.
remember that the crop of 1882-83 has not only provided for
tT h is is the am ount returned as new cotton b y the railroads: it is
spinners consumption, but has also increased stocks visible and estimated,
how ever, that the actual receipts were much larger as in
invisible nearly 700,000 bales. Hence, with the contribution m any cases the roads did n ot distinguish betw een old and n ew cotton.
from other countries unchanged, and our crop a million bales
less (there is no present probability of the loss being nearly so
great), unless there is an unexpected revival in the spinning
industry throughout the world, the year would close with the
total visible and invisible stocks considerably larger than they
were October 1st, 1882.
Respecting the maturity of the plant, it certainly has been
hastened by the warmer, dry weather prevailing during late
weeks. Now it is probably a little more advanced than the
crop was last September, but not so forward as either in 1880 or
1881. Bearing on this point we give date of receipt of first bale.
Date o f Receipt o f First Bale.
1877.
1878.
1879.
1880.
1881.
1882.
1883.
Sea Island Crop and Consumption.
W e have again to acknowledge our indebtedness to the kind
ness of the various receivers and shippers of Sea Island cotton,
through whose assistance we are able to continue our annual
report of that staple. As our readers are aware, no record is
kept of the export movements of Sea Island except for the
ports of Charleston and Savannah. For the Northern ports
Custom House manifests furnish no gnide. W e have found it
impossible, therefore, to perfect these figures except by special
correspondence in every case with the consignee or the shipper,
and in this way following every bale of Sea Island after it
appeared at a Southern ontport, until it either had actually
been exported or taken for consumption. W e should also state
that for the shipments of cotton direct from Florida to ports
other than Charleston and Savannah, we have in the case o f
each consignment, at the time of its receipt, procured from the
receivers the exact number of bales of Sea Island received.
F l o r id a .
Virginia —
N orfolk ..
Aug. 19 Aug. 16 3ept. 5 Aug.29
Ko. Carolina—
Charlotte . . . . . .
W ilm ington
A ugïl2 Aug. 30 Aug.21 Aug. 16
Aug.23
Aug. 13 Aug. 28 Aug. 18 Aug. 16 Aug.23 Aug.23
So. Carolina—
Charleston .. . Aug.21 Aug
Georgia—
A u g u sta . . . .
A tla n t a ...........
SavannahP rom G a___
F rom F l a . ..
M a c o n .............
C olu m bu s.......
Griffin..............
A lb a n y ___ . . . .
Aug. 13 A ug.12 Aug. 6 Aug.12 Aug. 17
Aug. 2 7 Aug. 8 Aug.14 A ug.12 Aug.lO Aug. 15 Aug A 5
Aug.2ff Aug. 10 Aug. 22 Aug. 16 July 24 Aug. 4 Aug. 2 6
Aug
A ug 7
Aug. 8
Aug. 11
Aug. 29
July 25 Au: l l ju l y 18
Aug. 3 Aui ~ July 22
Au,
Auj_
Aug. 4
Au^
A ug.14 Aug. 2
Aug.21 Aug. 25 Aug. 2 2
A ug.lO
Aug. 11
Aug. 11
Aug. 9
Aug.
Aug.
Aug.
Aug.
July 24 .Au.
July 6
IAug.19 Aug.lO
July 23 Aug.lO Aug. 8
Aug. - 5 Aug. 7 Aug. 7
A ug.14 Sept. 4 Aug. 2 2
July 11 July 5
Alabama—
M on tg om ery ..
M obile ...........
S e lm a .............
E u fa u la .........
A u g .. 9
Aug. 4
A ug.14
Aug. 9
A ug. 2 July 30
Aug. 16 Aug. 3
A ug.14 July 30
July 31 Ju ly 28
Aug. 8
Aug.15
A u *.10
Aug.lO
Aug
Aug
Aug
Aug
Louisiana —
N ew Orleans—
F rom T exas. Ju ly 10 June30„ Ju ly 7 Aug.
July 30 Ju ly 11 July 10
“ Miss. Val. A u g.lO July 1 Ju ly 31 Aug.
July 31 Aug.20 Aug.13
S h re v e p o rt.... Aug. 9 A ug
Aug. 7 Aug.13 Aug. 3 Aug
Aug
Mississippi—
V ick sb u rg . . . A ug.14 Aug. 9 Aug. 18 A ug.14 Aug
1A ug.23 Aug.15
. C o lu m b u s .... A ug.24 Aug.20 Aug. 27 A ug.21 Aug .12 Aug.2u A ug.15
Arkansas—
. L ittle R ook ___
A ug.14 .
Sept. 4 Aug.22
Sept. 4 Aug. 18 A ug.14 A u g .lO Aug.
Sept. 1 Aug.12 Aug.30 Aug. 19 Aug.
A ug.17 Aug.31
Sept. 2 Aug.23
Ken tueky—
Louisville.
*Jne 30
Ju ly 12
July 17 Ju ly 2 Ju ly 12) Ju ly 11 July 9 July 16
Lavaca DeW itt D eW itt DeYVik DeW ittiDeW itt
County County County County County County
....... ¡July 9!Ju ly 5 'July 8
DeW itt DeW itt DeWitt
....... County County Coun ty
Auer.16 Ausr.17 A m
glSoAuor. 91Aiie1. i'Anv. 9
Passed through N ew Orleans at this date.
t From Georgia.
21,84217,229
.—17,229
11,180
.—11,180
Tot. Sea Island crop o f Ga.
-s ,
3,126
6,049
S o n ili C a r o lin a .
Receipts at Charleston___ 15,469
15,971
R eceipts at B eau fort_____ 2,498—17,967
1,677—17,648
Deduct—
Receipts from Florida, &c.
2,252
7,006
Tot. Sea Island crop o f S.C.
Receipts at Galveston . . . .
15,715
10,64a
T exas.
* 29
19
Tot. S. Island crop o f Tex.
29
19
Total Sea Island crop of
the United States............
36,924
38,552
Tlmaetnial receiPts at Galveston were 94 bags o f 111 lbs. each, which
reduced to the average weights o f Sea Island, makes on ly 29 bales.
’
The distribution of the crop has been as follows.
Supply year ending
Se¡it. 1, 1883.
How
Distributed.
Of tchich
Exported to—
Ports of—
Stock
Sept-1.
Aug.21 tAug. 8
Ju ly 13
Aug. 1
Galv.
County
806
18,054
G e o r g ia .
Receipts at Savannah....... 11,959
Receipts at Brunswick,&c.
45—12,004
Deduct—
R ece'pts from F lorid a....... 8,878
Receipts from Charleston.............— 8,878
1882.
Texas—
G a lv e s to n ...,.
Fr’inBr’wnsv.
First o th e r ...
Where from i
H o u sto n ..........
W here from i
D allas....... .
-1 8 8 1 -8 2 . 9,329
7.006
4,701
112
Tot. Sea Island crop of Fla.
Tennessee—
N ashville .
M em phis..
-1882-S3.-8,878
2,252
6,812
Receipts at Savan’h. .hales
Receipts at Charleston___
Receipts at New York, &c.
Shipments to L iverpool
from Florida direct.........
S. Carolina.
G eorgia___
F lo r id a ....
Texas .. ..
New Y ork .
B oston .. .
Baltimore
Philadel.&c
T o ta l...
Total
For’gn
Ex-
Deav'g Great
Net
Total Stock, 'forDisHavre portSc
Crop. Supply Sept.l,
1883. trib’t'n. Bril’n.
64 15,715 15,779
06 3,126 3,192
18,054 18,054
29
29
....
9 15,770
15 3,177
18,054
29
.........
......
130 36,924 37 ,054:
5,053
583
112
427
30
5,480
613
112
9,820 1,395 11,215
5,997
40
6,037
2 4 137,030 21,565 1,892 23,457
THE CHRONICLE.
256-
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), we hare the following as the
total supply and distribution.
This year’s cro p ....... . - ....................... - ........................................ bales. 36,924
StockSept. 1, 1»82 ................................................................... - .......... .....
[V ol . X X X m
Below we give a detailed statement of the year’s exports from
each port, showing the direction which these shipments have
taken. Similar statements vvill be found in a ir 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.
Total year’s supply....... .................................................... bales. 37,054
Distributed as fo llo w s :
E xported to foreign p o r t s ........................................ bales. 23,457
Stock end o f y e a r ........ ......... ......................., .................. - - •
24—2 3 ,4 » !
To—
New
Qalvcs- ! Char- Savan- New ! Baiti- Other
Orleans. Nobile, ton. lesion, nah. York. more. Ports.
Total.
Liverpool 852,366 34,840 315,374 127,697 110.312 557,593 180,021 710,065,2888,468
......I 15,326; ........ ........ 15,326
Hull.........
3
3
London...
Cork, FalLeaving fo r consum ption in United S ta te s....... ..bales. 13,573
4,E00 27,834
6,081 3,186
m’th; &c.
427
l
........i
426i
Glasgow..
W e thus reach the conclusion that our spinners have taken of Havre......
433,556
9,350 39,328 21,225 23,653 39,085 4,823
294,087
4,751
3,530
1,201
Sea Island cotton this year 13,573 bales, or 1,189 bales less R ouen__
&
than in the previous year. The following useful table shows Dunkirk
1,800
.......
100
1.700
Marseil’s
94,682 57,247; 109,992 53.241 60,381 2,140 510,420
Bremen... 127,787
the crops and movement of Sea Islands since the war.
40,484
40,397
87
Hamburg.
44,141
j,280 1,350 22,479 19,032
Amst’d’m
10,513
4,761' 2,903
2,849
Rot’rdam.
3,728 41,287
3,070
26,039
8,450
Antwerp..
2.905
2,905’
Gheut......
11,972 246,831
12.980 36,780 61.101
Reval...... 123,99é
950 41,433
14,112 2,850 12,275
Gronstadt 11.246
4,132
2,382
R iga.......
1,750
59,498
21,760
Sebastop’l 29.246
8,600
Han;
1832-83......
St. Peter s2,3Î)0
1881-82.......
2,000
b rg
1880-81.......
C o penha5,077
5/77
1879-80.......
gen.. ..
1,593
1878-79.......
1,593
Stettin...
1877-78
Gotten
12,769
1876-77
11,120 1,649
bu rg...
3,649
1875-76
2,289 1,360
Norrkop’g
1,200
1874.-75.
1,200
Carls n’.xin
1,441
1878-74
1,441
Malmo....
1,643
1872-73...
Gefle.....'..
1,643
1,336
1871-72
1,336
Udd’rv lie
1,010
1870-71,
1,010
Bergen...
1869-70,
9,737 186,069
75,034 52,190 2,594
45,414 1,100
Barcelom
2,400
1868-69
2,400
Santander
8,869
1867-68
S;S69
Malaga...
,1,280
, 1866-67
1,200
Corunna.
2,340
1865-66
1.190
1,150
Pasages .
Palma de
34
84
Majorca
198
19
...
The column of “ American Consumption” in this table includes burnt in Bilbao
1.831
325
1,0061
oporto...
76,739
5,810
10.374
the United States.
4,254
Genoa...... 48,107
4.961
2,850
980
1,131
Salerno...
999
Naples'. ..
Movement of Cotton at the Interior Ports.
4,898
4,898
Trieste...
100
Below we give the total receipts and shipments of cotton at Odessa....
3,452
3,452
Venice__
41,580
the interior ports and the stock on the first of September of Vera Cruz 13,725
27,855
Other-for
each year.
1,882
1,631
eign p’rts
Year ending Sept. 1, 1883.
T ow ns .
Year ending Sept. 1, 1882.
Total....[1603,947 45,2901526,372 372,973l418,998l777,528 248,128Ì752,473 4745,709
Shipm’ts. Stock.
* Exports from Charleston include from Port Royal to Liverpool, 328 bales
nd to Bremen, 2,990 bales.
+ “ Other Ports” include the following shipments.
- „ ,
F rom Wilmington, 48,872 bales to Liverpool, 4,800 to Queenstown or raimouth, 2,140 to Bremen, 950 to Cronstadt and 1,500 to Genoa.
From Norfolk, 343,544 bales to Liverpool, 11,972, to Reval, 2,382 to Riga,
9,737 to Barcelona and 4,894 to Genoa.
From West Point, 29,184 bales to Liverpool,
,
From Boston, 186,045 bales to Liverpool, 3 to London, 1 to Glasgow, 342 to
Antwerp and 201 to other foreign ports.
. ,
From Philadelphia, 101,282 bales to Liverpool and 3,248 to Antwerp.
From San Francisco; 921 bales to Liverpool and 138 to Antwerp.
From Florida, 762 bales to Liverpool and 109 bales to Genoa.
From Brunswick, Ga., 2 bales to Liverpool.
Receipts. Shipm’ts. Stock. Receipts
1«1,566
112,254
58,082
135,017
108,417
510,789
45,498
48,157
24,760
107,503
117,085
39,432
45,335
24,514
141,73»
83,578
55,177
463,311
383.131
Augusta, G a—
Columbus, G a..
Macon, G a.........
M ’tgom ery, Ala
Selma, A la.........
Memphis, Tenn,
Nashville, Tenu.
, Dallas, T e x a s...
Jefferson, Texas
Shreveport, La
Vicksburg, Miss
Columbus, Miss.
Eufaula, A la . ..
Griffin, G a.........
Atlanta, G a.___
'Rome, G a ..........
Charlotte, N.-C.
St. Louis, M o...
Cincinnati, O ...
178,716
ll o ,3 7 9
56,570
133,615
107,076
503,943
45,2»2
47,920
24,738
104,001
117,021
39,361
44,980
24,486
139,336
83,387
55,070
461,054
382,630
162,771
103,460
59,370
97,044
73,510
339,240
59,867
25,917
11,581
64,837
137,145
28,390
4 -,3 6 7
31,497
126,080
82,950
33,748
382,308
395,453
3,726
2,294
2,582
1,674
1,504
8,481
895
255
25
3,659
154
li:
578
35
3,342
191
160
4,588
511
876
164,010
419
103,838
59,687 1,070
272
98,156
16B
74,007
345,789 1,035
62,092
679
18
26,766
3
11,678
66,340
157
137,776
9)
46
28,725
223
48,753
31,677
7
126,249
940
82,950
53
33,795
388,200 2,331
398,953
10
Total, old towns 2,635,344 2,659,565 34,771 2,263,533 2,^89,441
Newberry, S. C.
Raleigh, N. C ...
Petersburg, Va
Louisville, K y .
Little Rock, Arli
Bren ham, T ex.
Total, all
THE DEBT STATEMENT FOR AUGUST, 1883.
The following is the official statement of the public debt as it
appears from the books and Treasurer’s returns at the close o f
business on the last day of August, 1883 :
INTEREST-BEARING DEBT
8,992
23,659
52,059
26,124
32,820
54,076
37,654
714,973 *
23,643
' 52,631
25,250
28,612
53,699
38,248
712,390
21
300
1,122
4,310
389
1,042
7,201
15,793
61,100
2 6 ,! 33
-30,455
25,771
32,827
413,806
5
15,878
60,32- ■ 872
' 248
20,225
102
31,411
12
26,092
32,387 1,636
41.6,893 '4,618
941,365
934,473 14,385
606,185
609,217
7,493
Amount Outstanding.
Character
o f Issue.
Author
ising Act.
When
Payable.
5s of 1881*.
3s of 1882..
4 las o f 1891
4s of 1907..
70 and ’71
July 12,’ 82
’70 and ’71
’70 and ’ 71
May 1 , ’ 81
A t option,
Sept. 1, ’91
July 1,1907
g$
Q .-F.
Q.-A.
Q.-M
Q.-J.
3,626,709 3,594,038 49,156 2,869,718 2,898,658 Iff,485
The shipments in this statement include amounts taken from
these interior towns for home consumption and amounts burnt.
Registered.
$21,404,550
305,529,000
192,365,950
579,013,750
Coupon.
$.
57,634,050
158,596,800
$1,098.313,250 $216,230,850
$334,850
14,000,000
4s, ref. ctfs. Feb. 2 6 /7 9
3s,navyp.fd July 2 3 /6 8
Aggregate oLinterest-bearing d e b t...
$1,328,873,950
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.
TOTAL EXPORTS OF COTTON TO FOREIGN PORTS FOR SIX YEARS.
Exports (bales) to Foreign Ports for Year Ending Aug. 31.
F rom -
~ 1878.
j
1879.
1 1880.
1881.
1882.
1883.
N. Orl’ns. 1,453,096 1,243,746 1,441,941 1,635,615 1,178,612 1,603,947
46,366
45,290
164,093 123,214 111,687 116,263
M obile..'.
305.874 379,266 344,774 479,748 316,790 372,073
So. C a r...
507,943
338,625
419,000
424,092
461,904
354,086
G eorgia..
225,174 353,817 301,874 488/758 263,447 526,372
T e x a s ....
725
4,706
862
596
17,035
5,277
F lo r id a ..
69,810
63,833
57,762
35,783
68,011
56,677
N o. Car..
331,817
328,818
401,^13
257,065
V irg in ia . 159,357 203,536
N ew Y ork 401,959 370,847 650,826 600,351 644,588 777,528
127.874 124,470 133,102 134,628 158,988 186,592
B o s to n ...
74,142
90,911 104,480
41,593
26,389
25,144
P h ila d e l.
95,203 122,073 157,911 155,752 248,128
58,367
Baltim ’ re
9,176
P ’tlnd.Mt
'" ' 5 9 6
1,567
" i ’,062
215
127
486
San Fran,
Tot. from
U- States 3,346,640 3,467,565 3.865,621 4,596,279 3,595,031 4,745,709
O n °th e ^ e g o l n g ^ s a u e f 't h e r e is a total o f $7,047,262 interest
over-due and not yet called for. The total current accrued interest to
date is $8,628,383.
.
DEBT ON W HICH INTEREST HAS CEASED SINCE M ATURITY.
There is a total o f over-due debt yet outstanding, w hich has never
heen presented for payment, of $6,583,165 principal and. $3o3,347
interest. Of this interest, $205,018 is on the principal of called bonds,
which p rin cip a lis as follow s; 5-20s o f 1862, $ 3 o 8 ,6 0 0 ;d o 1864.
«5 0 400' do 1865, $ 6 1 ,1 5 0 ; consols o f 1865, $3 31,7 o0; do 1867,
«7 1 1 0 5 0 - do 1868, $111,550; 10-40s o f 1864, $2 45,1 00; funded loan
of 1881, $371,550; 3’ s certs., $5,000; 6s o f 1861, continued at 3Ja per
pent «719 350; 6s o f 1863, continued at 3 ^ per cent, $413,650, 5s
of 1881, continued at 31-2, $2,021,250.
DEBT B E A R IN G NO INTEREST.
Character o f Issue.
Authorising Act.
Old demand n o te s ----- July 17, ’6 1 ; Feb. 12, ’ 6 2 .................
Legal-tender n o te s.. . . F§b. 25, ’ 6 2 ; July 11, 62 ; Mar. 3 /6 3
Certificates o f deposit June 8, ’ 7 2 .............. - ......... ..................
Gold certificates......... March 3, ’6 3 ; July 12, ’ 8 2 .................
............ - - - - •
Silver certificates — February 28, ’7 8 ....
t 62; 30.
SiiarV3
i >
\ v
$15,373,730
Fractional currency ^ J i’£&
6 3 17’
; June
’ 64
- act J- ’e 2
—1 /7
—9
8,375,934
Less amt. est’d lost or destr’yed,
Aggregate of debt hearing no interest
Unclaimed Pacific Railroad interest....... .
Amount.
$58,875
346,681,016
12,145,000
82,992,740
92,651,981
6,997,796
$541,527,408
4,229
THE CHRONICLE.
S e p t e m b e r 8, 1883.J
RECAPITU LATION .
RLouctavijI ®0wraerct;tX l u g l l s h jienrs
Am ount
Outstanding.
Interest-bearing debt—
Bonds at 5 per cent, continued at 5 ^ . .
Interest.
$21,404,550
250,000,000
737,610,550
305,529,000
334,850
14,ÖÖÖ;ÖÖÖ
N avy pension f u n d ...................................
On—
$10,675,650
353,347
$541,527,408
4,229
T o ta l........ ............................................. $1,876,989,523
$11,033,227
Total debt, principal and interest, to date
$1,888,022,751
T otal cash in Treasury.................................
351,503,936
Debt, less cash in Treasurv. Sent. 1. 1 8 83__________
Debt, less cash in Treasury, Aug. 1 , 188c
$1,536,518,765
1,543,190,616
Decrease o f debt during the past m onth____________
Decrease o f debt since June 3 0 ,1 8 8 3
Current L iab ilities —
Interest due and u n p a id ................................ ............. ...........
D ebt on w hich interest has ceased...................... ...............
Interest thereon.........................................................................
G old and silver certificates................*................ ..................
U. S. notes held fo r redem ption o f certificates o f deposit.
Cash balance available Sept. 1. 1 8 83........................... . . .
$6,671,851
$14,572,44“
Interest.
$2,047,262
6,583,165
3a3,347
175,644,721
12,145,000
154,730,490
T otal................................................. ........
. A v a il a b l e A ssets —
Cash in the Treasury.............................................. .
T ota l___ ____
25 Short.
<<
25
“
25
it
25
25
<i
25
25 Checks
25 3 mos.
«
25
ft
26
“
25
22
25 Short.
25 tel.trsf.
25 tel.trsf.
25 4 mos.
25
20-51
20-51
20-51
11-98
23 78
25-33
25-34
25-25
96^8
4-82
Is. 7*sd.
Is. 7 1 V 3 .
3s. 838d.
5s. 038d. ^
L ondon , Saturday, Aug. 25,1883.
The attendance in the city, as well as in commercial circles,
during the past week, has been of the most limited character
The weather is so very fine
that it offers additional inducement to enjoy the country, and
$59,222,093
$17,009,223 $41,557,670
The P acific R ailroad bonds are all issued under the acts o f Ju ly l ,
1862, and Ju ly 2 ,1 8 6 4 ; they are registered bonds in the denominations
o f $1,000, $5,000 and $ 1 0,00 0; bear 6 per cent interest in currency,
p ayable January 1 and Ju ly 1, and mature 30 years from their date.
U N IT E D S T A T E S T R E A S U R Y S T A T E M E N T .
Th e following statement, from the office of the Treasurer,
was issued this week.
It is based upon the actual returns
from Assistant Treasurers, depositaries and superintendents in
mints and assay offices:
LIABILITIES, AUGUST 31, 1883.
$6,876,569 12
33,209,580 54
35,129,138 60
323,233 34
14,066,436 54
246,764 00
7,422 00
66,304 00
4,110 00
48,617 35
13,272,146 86
Total Treasurer’s general account $352,198,696 53
Less unavailable fu nds....... .
694,710 3 1 - 351,503,986 22
Aug.
Aug.
Aug.
Aug.
Aug.
Aug.
Aug.
Aug.
Aug.
Aug.
Aug.
Aug.
Aug.
Aug.
AUg.
Aug.
A.u^.
[From our ow n correspondent.]
soon be comparatively deserted.
$4,593,000 $18,211,282
2,973,032
3,156,300
9,153,439 15,804,410
158,987
1,383,893
9,367
1,658,881
121,395
r,342,901
ASSETS, AUGUST 31, 1883.
G old coin ...................................... .......................
G old bullion....................................
Standard silver dollars......... .............. .. . . .
Fractional silver coin .......................... .................... '
Silver b u llio n ...................................................
G old certificates....................................... ....... . . . . . . . . .
Silver certificates ........... .
...................
United States notes.............. .........................
National bank notes........................ .■..................
National bank gold notes............................................
Fractional currency.....................................
Deposits held b y national bank depositaries............
Minor coin ..........................................................................
New Y ork and San Francisco exchan ge......................
Dne and two-year notes, & c........................................
R ed eem ed certiflcatesof deposit, J u n e 8 ,1 8 7 2 . . . .
interest checks and coin coupons paid . ..
united States bonds and interest................... ....... . . .
Interest on District o f Columbia b o n d s ...................
Speaker’s certificates.....................
P acific Railroad interest paid. . . . . . . . . . . . . . . . . . . . . ”
Is. 7%d.
, ls.7 3sd .
Aug. 25 Short.
Parliament has been prorogued to-day, so that London will
$23,452,555
6,129,333
24,957,850
1,549,803
1,668,248
1,464,297
P( st-office Department account....................................... .
D-sbursing officers balances....... ..........................................
Fund for redemption o f notes of national banks “ fa iled ,"
“ in liquidation,” and “ reducing circulation” ...........y
Undistributed assets o f failed national banks......... I f ..
F ive per cent fund fo r redem ption o f nat’l bank notes.
Fund fo r redem ption o f national bank gold notes___ __
Currency and minor-coin redem ption a c c o u n t...............
Fractional silver-coin redem ption accoun t............
Interest account, Pacific Railroads and L.& P. Canal Co
m easu rer U.8., agent for paying interest on D. C. bonds
Treasurer’s transfer cheeks and drafts outstand ing___
Treasurer’s general a c c o u n t interest due and unpaid....... ............... $2,047,262 18
Matured bonds and interest................
551,384 40
CaHed bonds and interest....................
5,605,448 16
Old d e b t...................................................
7 7 9 ,6 7 9 8 6
H old certificates......................................... 82,992,740 00
Silver certificates....................
92,651,981 00
Certificates o f d ep osit...........
12,145,000 00
Balance, including bullion fund......... 155,425,200 93
12’5 18 @ 1 2 ,5 5s
12 2% @12-3%
20-68 -@20-72
20-69 -@20-73
20-69 -@20-73
12-12ia@12-15
25"5712 @25,6212
23*s @ 23j4
25-32i2@25,3 7 1s
25-52ia'@25-57i2
25-58%-@25 63%
EXCHANGE ON LONDON.
Latest
Rate.
Date. Time.
$351,503,986
.Interest
Balance of
Amount
Interest paid repaid
by interest paid
outstanding.
by ZT. S.
transportat’n by JJ. S.
$64,623,512
A m sterdam . 3 mos.
Am sterdam . Short.
H am bu rg. .. 3 mos.
B e r lin .........
F rankfort...
“
Vienna.........
A n tw erp ___
St.Petersb’rg
P a ris____ . . . Checks
P a ris............ 3 mos.
G enoa..........
Madrid.........
L isb on .........
“
Alexandria.. ....
New Y o r k ...
B om b ay. . . . 6Ö d’ys
C alcutta.. .
Hong K ong.. ....
Shanghai___
Bate.
and but little business has been in progress in any department. *
INTEREST PAYABLE B Y THE UNITED STATES.
Central P a c ific .. $25,885,120
Kansas Pacific ..
6.303.000
Union P acific___
27,236,512
C entral Br. U. P..
1.600.000
W estern P a cific..
1,970,560
Sioux City & Pac.
1,628,320
Time.
$351,503,986
BONDS ISSUED TO THE PACIFIC R A IL W A Y COMPANIES.
Character o f
Issue.
RATES OF EXC H AN G E A T LONDON A N D ON LONDON
A T LATEST DATES.
EXCHANGE AT LONDON-Aug. 25
Total interest-bearina: d e b t ................ $1,328,878,950
Debt on which inl.has ceas'd since mat’rity
6,583,165
Debt bearing no interest—
Old demand and legal-tender notes___
346,739,891
Certificates o f deposit...................... .
12,145,000
Gold and silver certificates.....................
175,644,721
Fractional currency..................................
6,997,796
Total debt bearing no interest............
Unclaimed Pacific R ailroad interest A . . .
257
$454,754,328 57
$144,296,897
59,876,078
114,320,197
27,819,711
4,694,559
28,445,200
17,276,820
37,791,765
6,019,802
17
16
00
70
45
00
00
88
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
people are by no means slow to take advantage of such an
opportunity.
Harvest work has been making rapid progress,
and the crops are being secured in excellent condition, and
were there no political disturbances, business should improve
to an important extent. The eoolness existing between France
and Germany is not, however, a matter of very serious concern
to this country, and no one apprehends war ; but at the same
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 been taken in several instances under 3 %
per cent. 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
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 o f
bullion is now £23,480,550, against £21,814,050 last y e a r .. The
circulation of notes 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. An 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 has, during the last few days,
been an improved market for American Railroad bonds and
more disposition is being shown to operate. Business, after thé
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:
THE CHRONICLE.
258
Interest Allowed
for Deposits by
Open Market Rates.
London ÈI
Ä
?
«
July 20 4
“ 27 4
Aug. 3 4
•* 10 4
« 17 4
“ 24 4
Disc’t H’ses
Trade Bills.
Bank Bills.
Joint
Stock
Six
Three Four
livree Four . 'Six
Banks. At
Call.
Months Months Months Months Months Months
3
3
3%@4 3%@i 8%@4 4 @4}4 4J4@4% 4H®i%
3
3M@3M'3M@4 4 @4% 4 @454 4 @4% 4J4@494 3
3
3
3M@3M,SM@3% 4 @ — 3%®4% 4 @4i4 4}4@4Ji
3
4
@4%4
@4^,4
@4%
3
3&@3%j3%@4
im m
3
4
@414
4
@4Î4
3
4
3H®3%
3M@ —
3
3
396@SM 3M@ — 3 -% m i 37b®4%4 @4Mi4%@4M
7 to 14
Days.
3k~3^
3J4-3%
314-3%
314-3%
314-3%
S%-3%
Annexed is a statement showing the present position o f
the Bank 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:
1882.
P S |.:
£
C irculation................. 25,817,075 26,465,930
4,356,287
P ublic deposits.........
5,751,010
Other d ep o sits....... sjf 22,781,440 24,137,634'
G ovem m ’t securities 11,962,631 12,751,601
Other securities . . . . . 21,329,457 22,898,841
Res’ve o f notes &coin 13,413,475 11,098,120
Coin and bullion in
both deDartments.. 23*480,550 21,811,050
Proport’n o f reserve
46-70
to liabilities............
38%
4 p. e.
4 p.o.
Bank rate...................
100
Consols...................... .
99%
50s. 6d.
43s. lOd.
. Eng. wheat, av. price
7%d.
5 U i6d.
Mid. Upland co tto n ..
10%d.
9%d.
Ho. 40 Mule t w is t...
Clear’g-house return. 103,152,000 101,417.000
1880.
1881.
£
£
26,577.005
5,305,869
25,461,236
14,663,649
21,389,123
12,925,047
'23,752,052
26,830,295
6,97«),049
24,875,930
16,358.886
16,838.111
10,857,262
__1 ___
23,687,552
41%
52%
2% p. e
4 p. c.
97%
99%
43s. 9d.
48 s. lOd.
7316d.
6:®i60.
n% a.
10%d.
94,597.000 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 follows:
Rates of
Interest at
Paris................
B erlin .............
Frankfort........
Hamburg.........
Amsterdam.....
Brussels...........
Madrid ...........
Vienna.............
St. Petersburg.
August 23.
August 16.
August 2.
August 9.
Bank Open Bank Oven Bank Open Bank Open
Rate. Market Rate. Market Rate. Market Rate. Market
3
8
2%
2%
3
3
2%
294
4
4
2%
4
2H
4
*2%
3
3
—
—
—
—
3
3%
m
—
—
Ï —
—
2%
2^
294
2%
3>4
3% - 314
3%
3%
3%
3%
314
3%
3%
3%
3%
3%
3%
3%
3H
5
5
5
5
5
5
4M
4M
4
■3%
4
4
4
3M
394
3%
6
6
6
6
6
6
6
6
In reference to the state of the bullion market, Messrs. Pixley
& Abell write as follows:
Gold.—W ith the exception o f £3 2,00 0 per “ Chimborazo ” from New
Zealand, the arrivals o f gold have com e from the Continent; £165.000
have been sent in to the Bank o f England, and the balance has been
taken fo r e x p o r t; 74,000 sovereigns arrived from Australia, per
“ N izam ” and “ Verona.” The P. .and O. steamer “ Kohilla ” took
£ 3 1,30 0 to Bom bay yesterday.
Silver.—Our last quotation was 50%d. per oz. standard. The market
has been som ewhat firmer since, bars e x “ V andyck ” having realized
50 9-16d. on 20th lost. Our quotation this day is 50 %4. per oz. standard.
The “ V andyck ” brought £20,600, and about £55,OuO has arrived from
N ew Y ork. ; The shipments comprise £1 02,4 00 to Bom bay yesterday,
per “ R ohilla.”
M exican Dollars.—W e have n o arrivals o f im portance to report. The
quotation this day is 49 5-16d. per oz.
The quotations foi bullion are reported as below :
Frice of Cold.
Aug. 23
Aug. 16.
s.
d.
s. d:
Bar gold, fine... .oz. 77 0 ' 77 9
Bar gold, contain’g
20 dwts. silver..oz. 77 10% 77 10%
73 9%
Span, doubloons.oz. 73 9
8. Am.doubloons.oz. IS 8% 73 8%
76
S%
U. S. gold coin... oz. 76 3%
Ger. gold coin.. .oz.
1
Price of Silver.
Aug. 23.
d.
Bar silver, fine..oz. 5094
Bar silver, containing 5 grs. gold.oz. 51
Cake silver...... oz. 54%
Mexican dols...oz 49 5-16
Chilian dollars., oz.
Aug. 16.
d.
50%
50%
54%
49 3-16
The 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.
weaker.
There has certainly been a revolution in the fish trade. All
descriptions of fish are still very cheap, and any rise of impor
tance in prices is doubtful. The Fish Trades' Gazette under
stands that active measures are being Jaken for the formation
of another fishing company, whose fleet of smacks will bring
fish to the newly-established London markets, as well as dis
tribute it throughout the country. The Guardians of the Poor
have for some time past been giving those in their charge fish
dinners once a week, and the workhouses are being supplied at
the rate of two-pence per lb. The consumption of meat is,
therefore, being greatly economized, which is a very necessary
economy.
Fine weather and liberal importations are producing much
dulness in the wheat trade, and holders have been compelled
[ V o l . X X X V II,
to accept the lower prices whieh millers have offered. A
moderate 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 63 to 65 lb. per bushel, was quoted at
4fs. 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 afloat to the United Kingdom, Baltic
supplies excepted :
A t present.
Wheat................ .qrs.1,557,000
F lo u r ....
157,000
Indian corn .............. 229,000
L est week.
1.588,000
145,000
332,000
1882.
2,165,000
161,000
175,000
3881.
1,703,000
143,000
484,000
The Journal Officiel 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
journal B ulletin des Halles expects a deficit of at least 25 per
cent on the average.
Advices from St. Petersburg again report considerable ship
ments of wheat. They were last week 3*7,914 tchetwerts to
London, 9,537 to direct United Kingdom ports, 33,764 tchet
werts to ports for orders and 74,582 tchetwerts to the Conti
nent. The shipments of oats were 109,242 tchetwerts to Lon
don, 3,835 to direct United Kingdom ports and 77,414 tchet
werts to the Continent.
Advices from Germany state that the crops of barley in the
Saale district has been fairly 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 fiftyone weeks of the season ;
IMPOSTS.
1882-3•
1881-2.
1880-1.
1879-80.
W h e a t ................. ew t. 66,068,469 59,224,859 56,954.251 58.943,397
15,475,705 13,094,834 10,525,472 12.203.167
B a rley ....... ...........
Oats................................. 15,362,779 11,714,518 10,889,930 14,998,641
P ea s......... .................... 2,043,373
2,166,971 2,304,920
2.002,641
269,697 2,393.500
2,722,069
B eans....................
3,129,915
Indian c o m ....................23,935,770 23,167,311 37,586,584 31,031,235
Flour..............................1 6,24 6,37 2 10,049,825 12.090,636 10,192,915
SUPPLIES AVAILABLE FOR CONSUMPTION—51 WEEKS.
1882-3.
1881-2.
1880-1.
1879-80.
Imports o f w h e a t.cw t.66,068.469 59,224,859 56,951,251 58,913,397
Imports o f flo u r ..... .10,246,372 10,019,825 12,090,636 10,192,915
Sales o f hom e-grown
p r o d u c e .......______44,243,700 31,937.350 27,938,100 23,217,900
T otal................. ...126^558,541 101,262,034 107,032,937 92,354,212
A v ’ge price o f English
wheat for season, qrs. 41s. lOd.
47s. Od.
43s. 8d.
46s. Od.
Visible supply o f wheat
in theU. S .... bush.20,400,000 13,500,001 17,500,000 14,200,000
Supply of wheat .and
flour afloat to U. K.
q r s . . . . . . . . ................ 1,733,000
2.282,000
1,654,000
......... .
The extent of the sales of 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 statem ent:
SALES..
1882-3.
1881-2.
1880-1.
Wheat ............... qrs. 2,552,517
1,845,424
1,614,698
Bariev
..................... 1,913,488
1,637,192
1,181,095
O a ts................. ........
286,718
221,369
171,038
AVERAGE PRICES FOR THE SEASON (per qr.).
1882-3.
1881-2.
1880-1.
s. d.
-
W h e a t..........................
41 10
Bariev ....... . . . . . ............. . 32 5
O a ts...'.............
21 8
s. d.
s. d.
47 0
31 0
2110
43 8
3111
24 0
1S79-80.
1,341,413
1,381,565
154,520
1879-80
s. d
46
34
23
O
4
5
Converting wheat into ewts., the totals for the whole king
dom, according to the usual trade estimate, are as follows :
1882-83.
Wheat.........owt. 44,243,700
1881-S2.
31,987,350
1880-81.
27,988,100
1879-80.
23,217,900
E n g lis h M a r k e t R e p o r t s —P e r C a b le .
The daily closing quotations for securities, &c., at London
and for breadstuffs and provisions at Liverpool, are reported
by cable as follows for the week ending Sept. 7:
London.
Silver, per oz
Consols for m oney...........
Consols for accoun t........
Fr’ch rentes (in Paris) fr.
U. 8. 4 % s o f 1 8 9 1 .... . ..
U. 8. 4s of 19 07.. . .........
Chic. Mil. & St. P a u l----Erie, common s t o c k .....
Illinois C en tral.............
N. Y. Ontario & West’n.
Pennsylvania..................
Philadelphia & R eading.
New York Central..........
Sat.
Mon.
Tues.
TFed.
50%
100%
100%
80-00
115%
122%
105%
30%
131
21%
59
26%
118%
50%
100%
100%
79 90
115%
122%
106%
31%
131%
22
59%
27%
119%
50%
100%
100%
79-60
115%
122%
107
31%
132%
21%
59%
26%
119%
50%
lOOiie
100%
79-60
115%
122%
108%
32
132%
21%
59%
26%
119%
Thar8.
50%
,100
rio o %
79-75
115%
122%
103
31%
1322*4
22%
59%
25%
119%
F ri.
50%
100
100%
79-82%
115%
122%
109%
32%
134
23%
60%
26%
121%
TH E CHRONICLE.
SEPTEMBER 8 , 1 8 8 3 .]
Liverpool.
Sat.
8.
Flour (ex. State)..100 lb. 12
a
Wheat, No. 1, wh.
“
Spring, No. 2. old *
9
Spring, No. 2, n .. “
8
Winter, West., n
“
9
Cal., No. 1 .......
“
9
Cal., No. 2 . . . . .
«
9
C om , m ix., n ew ___ M
5
Pork, West. m ess.. bbl. 74
Bacon, lon g clear, n e w .. 39
Beef, pr. mess, n ew , $ t c . 77
Lard, prime West. 38 cwt. 44
Cheese, Am. ch o ice ......... J 51
d.
0
8
Mon.
Tues.
Wed.
S' d.
12 0
S' d.
S' d.
12 0
12 0
8 8
8 8
0
9
•7
8
l
9
5
9
1
9
4^ 5
0 74
0 39
0 77
9 45
6 51
0
7
1
5
1
4
0
0
0
o
6
9
1
9 5
9 1
5 4
74 0
40 0
77 0
44 9
52 0
9
9
9
5
74
38
77
44
52
9
F ri.
8. d.
12 0
8 8
9 0
8 7
Thurs.
9
8
i
9
5
9
1
9
3*2 5
0 73
0 37
0 76
6 43
0 52
b e e a ^ S z e d f S'“ TJle folIowiQS national banks have la tely
d.
0
8
0
6io
0
4
0
5^2
0
0
0
0
0
8 8
0
8 n
0
7
1
5
1
4
0
6
0
0
0
* » » * wo,ooo¿
3 ,0 3 6 - T b » 0 » r e E xch an ge . « & * £
B onds held by N ational B anks.— 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. W e 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.
J7. S. Bonds Seid &pt. 1 ,1 8 8 3 , to SecureBank
Circulation.
PublicDeposits
in Banks.
Total Held.
$8,786 450
120,000
1,162,030
6,987,550
105,000
30,000
40,631,700
105,232,003
4,340,500
365,703
41,793,700
112,219,550
4,445,500
395,700
T ota l........ .................
$17,191,000
$355,674,150
$372,865(150
$201,641,250
3,463,000
$210,427,700
3,583,000
United States M ints.— The following statement,
Kindly fu.r111sh.0d us by th6 Director of the Mint, shows t he
by
coinage executed at the Mints of the United States during the
month of Aug, and for the eight months of 1883 :
Motith o f Aug.
Denom ination.
Pieces.
Value.
D ouble eagles.........
E ag les.......................
H a lf eag le s.»...........
Three d ollars...........'
Quarter eagles....... '
D ollars...................... '
125,950
2 $
2,519,000
40,700
203,500
T otal g o ld ..............
166,650
Standard d ollars___
H alf d o lla rs.............
Quarter d olla rs.........
D im es..........................
Total silv e r......... ..
Eight months o f 1833.
Pieces.
3 ,0 10—The Firs1! National8Bank (T/Manasquan VN j ' ^ a p i t a f l f e i m o
~~ $
13,793,640
1.946,400
930,700
40
3,810
100
3,840
2,722,500
3,074,382
16,674,800
2,340,000
2,340,000
920,673
92,067
19,065,819
819
818
4,185,492
19,065,819
409
205
418,549
3,260,673
2,432,067
23,252,949
19,484,932
15,775,438
5,419
27,716,419
738,774
163
277,164
F iv e G e n ts ...........
Three eents................
One ce n t.....................
2,210,000
T otal m in or...........
7,540,000
163.800
43,497,326
1,066,101
T otal coin a g e.'.___ 10,967,323
5,318,367
77,824,657
37.225,883
5,330,000
53,300
Changes in L egal T enders and N ational B ank N otes^to
Sept. 1.— The Comptroller of the Currency has furnished as the
following, showing the amounts of national bank notes outstanding A ug 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—
Am ount outstanding Aug. 1 ,1 8 8 3
Am ount issued during Aug.
A m ount retired during A ug . " ' " "
$355,024,266
$1,313,770
2,508,494 — 1,189,724
A m ount outstanding Sept. 1 ,1 8 8 3 * ...........
$353,834.542
Legal Tender Notes—
A m ount on deposit to redeem national bank
notes Aug. 1, 1883......................................
Am ount deposited during A u g ....... " ." I ? !!” ?
A m ount reissued & b ’nk notes retired { ¿ ’Aug.
$36,054,050
$2,413,400
2,404,194
V D u n ca n T. P a rk er, P r e s id e n t; O liv e r
80,794
Am ount on deposit to redeem national
bank notes Sept. 1 ,1 8 8 3 ..........................
$35,973,256
* Circulation o f national gold banks, not included above, $754,679.
Imports and E xports for the W eek.— The imports o f last
week, compared with those of the preceding week, show
a decrease in both dry goods and general merchandise.
The total imports were $8,131,822, against $S,702,328 the precedmg week and $10.802,374 two weeks previous. The exports
oQr e? k t endeud SeP£ 4 amounted- to $7,172,696 against
$8,623,293, 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 general '
merchandise) Aug. 31; also totals since the beginning o f first
week m January:
°
&
For Week.
1880.
1881.
1882.
1883.
Dry g o o d s .........
GenTm er’dise..
$2,719.297
5,423,854
$2,813,779
5,736,881
$2.942,567
7,120,830
$2,628,331
5,503,491
T otal............
Since Jan. 1.
Dry g o o d s .........
Gen’l mer’d ise ..
$8,143,151
$8,550,660
$10,063 337
$8,131,822
$90,688.483
246,620,405
$76.892,535
216,222,553
$93,418,195
248,824,639
$86,908,568
22.5,450.163
$337,308,33S!$293.115,118¡$342,242,83 ll $312.353,731
In our report of the dry goods trade will be found the imports
ot dry goods for one week later.
following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for th e week ending Sept. 4, and from January 1 to date :
EXPORTS FROM NEW YORK FOR THB W e Sk .
Por the w e e k ...
Prev. rep orted ..
1830.
1831.
1882.
1883.
$8.061,103
263,904,323
$3.442,812
251,952,732
$7,578.611
218,272,092
$7,172.696
233,829,810
Total 35 w eek s'$274,965,431j$260,395,544 $225.850,703 $241,002,506
The following table shows the exports and imports of specie
at the port of New York for the week ending Sept. 1, and
smce Jan. 1, 1383, and for the corresponding periods in 1882
and 1881:
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
Week.
Great B r ita in .........
Prance............. . ......
G erm any.................
West In d ies. . . . . . . .
M exico......................
South A m erica.......
All other countries.
Total 1883.......
Total 18 82.......
Total 1881.......
June 1.
J u ly l.
Aug. 1,
Sept. 1.
$
$'
$
Insolvent bks
887,346
945,454
966,426
942,024
966,134
Liquid’ t’g bks 15,692,130 15,743,519
15.335,347
14,150,375
14,799,959
B educ’g und’r
a ct o f 1874. 22,501,595 22,135,629
¿0,998,007 20,287,957 20,880,857
T o t a l. . . . ... 39,084,071 33,324,602
37,299,78Qi36.054.0c 0 35 973,256 *
Imports.
Since Jan. 1
Week.
$9,300
20.030
2,000
506,165
193,003
114,785
1,590
$334.168
1,000 33,642,734
14,850
385,346
$507,755
18,021
5,475,233
$2,000
SineeJan. 1.
$1,963,468
104,220-,
2.066,007
2,500.228^
78,308
152.628
19,826
$6,884,685
713,999
35,544,189
Silver.
Great B r ita in .........
Prance.....................
G erm a n ,..................
West In d ie s ............
M exico......................
South A m e r ic a .....
All other countries.
Total 1 8 8 3 ...........
Total 1 8 8 2 ..........
Total 1 8 8 1 ...........
$436,040
22,145
$9,377,654
432,319
$ ......
43,276
1,095
123,434
4,716
1,508
246,230
316,157
2,6 72.5 37
112,939
7,5 38
$129.245
169,012
123,105
$3,356,909
1,863,668
2,043.057
4,863
12,773
3,791
$463,048
253,720
106,000
$9,889,816
8,800.338
7,303,225
Of the above imports for the week in 1883, $161.050 were
American gold coin and $4,182 American silver coin. Of the
exports during the samé time $2,000 were American gold coin,
and $55,000 American silver coin.
Kansas City Lawrence & Southern Kansas.— The earning»
and expenses for July, and for the seven months in 1882 and
1883, have been as follows:
-------- 1----July.---------------. ,— Jan. to July, 7 mos.——
1883>
Net e a r n in g s ......
May 1.
Exports.
Gold.
According to the above the amount of legal tenders on
deposit »apt. 1 with the Treasurer of the United States to redeem
national bank notes was $35,973,256. The portion of this deposit Miles o f road operated
^e (l) DJ banks becoming insolvent, (2) by banks going into Gross earnings....... .
untary liq uidation, and (3) by banks reducing or retiring their Operating expenses
months1-03’ was as follows on the first of each of the last five - (exclusive of taxes)
Deposits fey—
E iston C ashier - ° ° 0 '
The Indiana National Bank o f B edford Ind w e n t in?« ^
*
. liquidation Aug. 2 5 ,1 8 8 3 .
’
lnto voluntary
The City National Bank o f Lawrenceburgh, Ind., went into voluntary
liquidation August 1 3 ,1 8 8 3 .
s
, wcut into voluntary
Value.
689,632
191,640
136,140
110.500
Capital,
FOREIGN IMPORTS AT NEW YORK.
3s, A ct July 1 2 ,1 8 8 2 ..
Currency 6a....................
5 per cents................... ..
4*2 per cents . _...............
4 per c e n ts ......................
5s, ext. at 3 ^ ............ .
6s, ext. at 3*2.................
Coinage
^ S ^ gS S S ^ k
L * i- t
_
©nnxnxerctat aucT BXtsceUaueim s H ew s
Description o f Bonds.
259
398
$157,722
1882. 398
$137,440
1883.
398
$852,674
1882.'388
$603,126-
71,616
54,373
421,706
310,763
$36,106
$82,567
$430,968
$292,363.’
Auction Sales.— The following, seldom or never sold at the
Stock Exchange, were sold at auction this week by Messrs,
Adrian H . Muller & Son.
Shares.
Shares.
20 Eagle Fire Ins. Cd.........240
I 2 Edispn Electric Eight Co. of
20 Phénix Insurance Co. of
E u ro p e ............................... 25
B rook ly n ... i . . .............1 3 9
Bonds. ’
Shreve Farm Oil C o .. .fo r $3 $1,590 Atlantic Mutual Ins.
Co. scrip o f 1883.................. 10344,
THE CHRONICLE.
*260
O l v ( » £ $ & « .
T h * follow in g dividends have recently been announced :
Name o f Company.
R a ilr o a d s .
-Chic. & N orthwest., pref. (quar.).
¡Eel R iver (quäl-.).............................
Iow a Falls & 8. City (quar.)....... .
Missouri Pacifie (quar.) ..................
U n io n P acific (q uar.)....'................
W est j ersey. . . . . - ............................
m is c e lla n e o u s .
B a n k ers’ & M ercliants’ T e l..........
Per
Cent.
When
Payable.
Books Closed.
(Bays inclusive.)
2
1
1%
1%
134
3
Sept. 27
Sept.
5
On dem.
Oct.
1
Oct.
1
Sept. 15
Sept. 9 to Sept. 23
6
Sept. 10 Sept.
Sept. 21 to’ ! Oct. i
Sept. 9 to Oct. 2
Sept. 2 to ----------1 to Sept. 10
NEW YORK, FRIDAY, SEPT. 7. 1 8 8 3 -5 P M.
T h e Money M arket and F in a n c ia l S itu a tion .— Still an
[V ol . X X X V II.
Exchange.— There was ho 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
bonds. On the other hand, there have been some consider
able amounts of United States called bonds received from
Europe, against which remittances were required. The posted
rates on1 Friday, the 7th, were 4 8 2 ^ and 4 86.. Rates for
actual'business were as follows, viz. : Sixty days, 4 81)^@
4 81% ; demand," 4 85@4 85% ; cables, 4 86@4 86% ; commer
cial bills, 4 80@4 80% .
;
Quotations for foreign exchange are as follows, the prices
being the posted rates of leading bankers:
September 7.
Prime bankers’ sterling bills on L ondon....................
Sixty Bays Bemand.
4
4
4
5
82%
81
80%
25
40
94%
4 86
o th e r week has passed without any important failures resulting
5 21%
40%
from those of a month ago in Boston, and it is gratifyingto
94%
notice that the feeling of apprehension in this particular is to Frankfort or Bremen (reichm arks)........................
som e extent passing away. Whatever unsoundness there was
in the general condition of that part of the mercantile com
Silver %s and %s. — 99 %@ par.
Sovereigns
....$ 4 83 @ $4 87
m unity, it is believed has come to light.
, . ,
•
F ive fr a n c s ..........— 92 @ — 95
Napoleons__ . . » . . 3 85 @ 3 90
M exican d olla rs.. — 85% © — 86*4
One general fact has been developed, which partly ac X X. Reichm arks- 4 73 @ 4 77
Do uncom inerc’ l. — 84*2 ^ — 85%
cou n ts for the present withdrawal of capital from the market X G uilders........... 3 96 @ 4 0 0
Peruvian soles___ — 79% ® — 80%
Span’
ll
Doubloons.15
50
@
15
65
-■
■ r of
- mercantile
-------- ^
cpaper.
h
a This
n isg thee
„
discount
English s ilv e r ___ 4 75 @ 4 82
ile x . D oubloons.. 15 50 @ 15 65
methods
of r,making
Fine silver bars .. 1 09% ® 1 10% Prus. silv. thalers. — 68 ® — 70*2
,* 1X1 the
tilt? last
ldDl few
AY/VV N years
J
^ in the --------.
l“
p ar® !* prem U. S. trade dollars — 87% © — 89
: mercantile paper, so that there is now plenty ol single Fine gold bars___
U. 8. silver dollars — 99% n * ar.
Dimes
& *3 dimes. — 99% @ par
.name but comparatively little double-name paper. Formerly
U nited States B onds.— The government bond market has
th e dry goods commission jobber, for instance, m New rorfi
used to receive the paper of the customers to whom he sold been featureless, without any change in quotations.
The closing prices at the N. Y . Board have been as follow s:
his goods and indorse it himself before getting it discounted.
¡Now he sells to these customers on open account, receives no
Interest Sept. Sept. Sept. Sèpt. Sept. Sept.
paper from them, and must get his own single-name
7.
6
4.
5.
3
Periods.
1.
paper discounted for his advances to the V11” 8__ ¿j___ * ä4.
same time
the customer who bought the goods ot
*112 q *’112% *112% 112% 112% *1 1 2 %
him
on open account gets his own single-name paper 4%s, 1891.............reg. Q.-Mar.
4%s! 1891.........coup. Q.-Mar. *112% *112% 112% 112% *112% *11 ¿2^4
-discounted.
The facility with which bankers have fallen
Q.-Jan. *118% *118% *118% *118% *118% *118%
in to the changed method has probably encouraged many mer is, 1P 07............ coup. Q.-Jan. 119% 119% 119% 119% *119% 119%
* 103% *103%
c h a n t s to borrow money for expansions of their business, or 3s, option U. S___ reg. Q.-Feb. *103% 103% *103% *103%
1 8 9 5 ..reg. J. <fe J. *¡2 9 *129 *129 *129 * 129 x vast
.even for operations outside of it. The fact is well known Stsour’cy,
*130
*130 *130
*¡3
0
*130
*130
J.
&
J.
■ip.cur’cy, i 8 9 6 ..reg.
.among dealers in paper, as was indicated by the applications 6s, cur’ oy, 1837.. reg. J. & 4. *131 *131 *131 *131 *131 * : 31
*
Ì3 3 1*133
*.,
33
*133
*133
*133
J.
&
J.
-of brokers from time to time to merchants to let them place 6s,our’cy, 18 98.. reg.
*¡3 4 [*I34
*134 *134 * ’ 34 * 3 4
-a few thousands of their paper.” It is presumed, however, 6s! our’ eg. 1899.. reg. J «V 1
* This is the price bid at the m orning boa rd ; no sale was made.
Ahat the recent experiences w ill put a check on these metiiocis.
U S. Sub-Treasury.— The following table shows the receipts
It was remarked last week that there were indications of a
-feeling more favorable to investments in railway securities, and’ payments at the Sub-Treasury in this city, as well as the
though at that time it was not sufficiently pronounced to make balances in the same, for each day of the past week:____________ j
.a n y great difference in prices. This disposition has since then
Balances.
l grown somewhat, and during the week caused a pretty
Payments.
Receipts.
Currency.
Bate.
Coin.
.general advance
in prices.
There is reason for be
lieving that the
immediate upward
movement was
$
inaugurated by experienced speculators in the Street,
896,349 10 120,989,133 89 6,852,050 56
785,735 85
Sept.
6,663,108
52
1,960,779
68
120,762,929
64
and that in that aspect the advance in prices is to some
1,545,623 39
1 681,026 50 120.773.216 86 6,714,754 29
1,742,959 49
-extent artificial; but it is also pretty certain that they did not
6,459,491
57
1,229,117
53
120,906,482
33
1,107,120 28
undertake the movement until they were convinced that there
1,312,918 28 120,627,6 L3 70 6,758,115 19
1,332,703 27
was, and had been, for some weeks a moderate but steady
1,513,069 40 *1,724,875 47 120,090,584 71 7,083,368 11
* absorption of stocks by investors who are not of the specu
3,027,216 68 *8,805,066 561
lative classThat buys on margins. The volume of this kind Total
A bove payments include $1,000 gold certificates taken out of easily
o f buying would probably not of itself have caused as much
State and R a ilro ad Bonds.— The volume of business in
| - advance in several months as has been experienced in the last
5^eek, but it demonstrated to the speculators that the general railroad bonds the past week has been nearly three times as
^pu blic out of W a ll Street were beginning to think good rail- great as in the preceding week, and the heaviest transactions
have taken place in the last few days. The general advance
' w ay stocks were low enough to be a safe purchase.
There is as yet no adequate employment for surplus capital. in prices ranges from 1 to 6 per cent, the latter on Rome
Money is still superabundant. A n instance of this may be Watertown & Ogdensburg 5s to b7. The largest dealings m the
i seen in the fact that of the $5,000,000 of bonds entitled to week have been m W est Shore & Buffalo 5s, which have ad
redemption on September 5, under the 121st call, only a little vanced 2 % per cent to 74 % ; Northern Pacific firsts, 2% to
over $1,000,000 was presented for payment. The explanation 104% ; Tex. & Pacific land grant incomes, 3 % to 57 ; Kansas
i s that the holders of the bonds— representing probably the & Texas general mortgages, 3 % to 81 ; Atlantic & Pacific in
m ost conservative class of investors— see no satisfactory invest comes, 2 to 28% ; W abash general mortgage 6s, 4 to b8% ;
m ent for the money, and prefer to let it lie idle in the security Denver & Rio Grande consols, 3 to 83% . Other advances in
bonds less actively dealt in were : Chesapeake & Ohio cur
o f a United States bond to having it on hand.
to
Call loans on stock collaterals during the week have ranged rency 6s, 4% to 5 0 ; Fort W orth & Denver City lsts,
on ly from 2 to 3 per cent, with the bulk of business at the 70% • Burlington & Quincy debenture 5s, 1 % to 92% ; Oregon
\ lower figure. The latest quotations for commercial discounts Short Line 6s, 1 % to 97% ; and Milwaukee & St. Paid cconsols,
Rave- been, on first-class double names, 5 % and 6 for 60 days 1 % to 120. Oregon & Trans-Continental 6s sold at 92% , 90,
an d 4 months, and for first-class single names, 6 and 6% . 93% ; Ohio Central lsts, at 66% , 64, 71; the incomes at 12%,
Tim e loans on collateral security have ranged from 4 % to 5 9 10" and Denver & Rio Grande Western lsts at x65, 62, 65% .
’ State bonds were generally firm, and the only important
Tor sixty days and 4 months.
The domestic exchanges have been quite generally against changes were in Louisiana consols, which sold at bb%, b /% ,
N e w York during the week, New Y ork bills being at a discount 68% .
,
'
a t most of the Western cities, indicating a flow of capital to
R ailroad aud M iscellaneous Stocks.—There has been a »
th at section of the country.
almost continuous advance in prices of railway stocks during
The following table shows the changes from the previous the last seven days, the closing prices of each day showing an
week and a comparison with the two preceding years in the advance on thole of the preceding day until Friday evening
, averages o f the New York Clearing House banks.
the 7th, when a slight re-action from the continued upward
movement took pllce. Last Friday showed only slight
1882.
1881.
Biffer’nces f r ’m
1883.
advances, but this week there is quite a general gam, ranging
Sept. 3.
Sept. 2.
previous week.
Sept. 1.
from 1 to 10 per cent. The most important gams are LouisLoans ana dis. $325,880,600 Deo. $1,715,000 $332,359,500 $337,207,200 villp & Nashville, 7% ; Oregon & Trans-Continental, 4 % ,
54,241,900
62.343,800
-59.951,200 Ittc * 121,900
18,292,100
19,683,200 C t h f r n Paffific, 4 ; preferred, 3% ; St. Paul, M ^ u r l m g t o n
7.700
15,636,300 I n c .
Circulation...
Net deposits. 315,739,900 Dec. 1,538,000 308,953,300 315,927,200 & Quincy, 3 % ; Canada Southern, 3 % ; Canada Pacific, 2% ,
22,840,400
15,617,900 Lackawannaf 1% ; Central Pacific % i - Denver, 2 % : Erie,
25,207,800
Dec.
104,200
Legal tenders.
Legal reserve. $78,934,975 Dec. $384,500 $77,238.325 $78,981,800 2 % ; Kansas & Texas, 2% ; Lake Shore, 3 % ; New Y ork Cen
77,961,700 tral 2% ; Missouri Pacific, 3% ; Northwestern, 6 % ; preferred,
77,082,300
17,700
85,159,000 I n c .
Reserve field.
0 3 / . Pacific Mail, 2 ; Rock Island, 2 ; Omaha preferred, 2 % ;
df$1.020.100
def.
$156.025
I
n
c
.
$402,200
$6,224.025
Surplus....... ..
P actac’ s K ; Union Paiiflo 5 V ; 'Wabash 8 M ;a n d
in e canK OI Jl/ngiaiiu. gamete
xxx xxuxxxvxxx xu xxxv^
Wp^tern Union 3% . A m ong the specialties there were adw eek, and the reserve was increased to 47 11-16 per cent from
v S c e “ ( 3 on Iniiana BloSningtoS & W estern and 6 « on
-47 9-16 in the previous week. The Bank of France showed a
■decrease of 380,000 francs in gold and 1,076,000 francs in silver. Memphis & Charleston. Ohio Central sold at 6, 3 % , 4.
THE CHRONICLE.
Se p t e m b e r 8, 1SS3.]
N E W Y OR K ST O C K E X C H A N G E
P R IC E S F O R W E E K ENSMNtf S E P T . 7 , A N »
D A IL Y H IG H E ST AND LOWEST PRICES.
STOCKS.
261
Monday,
Sept. 3.
Tuesday,
Sept. 4.
Wednesday, Thursday,
Sept 6.
Sept 5.
Friday.
Sept. 7.
S IN C E J A N . 1, 18S3.
! Sales of Range Since Jan. 1,1883.
the W eek
Lowest.
Highest.
Low.!High,
K A IL R O A D S .
„
833
4
83
84
Atchison Topeka & Santa Fe.
200 78% Feh. 17 84 34 June 14
95%
82% 82%
82
82 '
Boston & N. Y. Air-L., p ref...
105
Mar. 28 8484 May 3
80%
56
63* 56% 57% 56% 57% 56% 57% 57
58% 59% 39,520 78
58
Canadian Pacific.......................
52% Aug. 13 65% May 3
5334
52%
5538 54% 56
5434 56% 55%
53
Canada Southern..................--- 52% 53
29,205
48%
Aug.
14
73
82
80% 83
83% 39,750 68% Jan. 8 7134 .jan. 1~ 44
Central of New Jersey...... ...... 81% 83% 82% 83% 8134 82 a4 8134 83
89 June 15 63% 97%
6684 68% 66% 67%
68% 67% 68% 68% 6934 43,227 62%
Central Pacific.......................... 65% 67
Aug. 13
Jan.
823 97%
16
*16
16
17
16% 17
17
17
Chesapeake & Ohio...... ........ *15% 17
1,015 13% Aug. 14 88
2334 Jan. 20 19% 27
25
*27% 28
25
28% 29
27
27% 28
27
Do
Istpref ...
900 23 Aug. 14 35%
Jan. 20 27% 41%
18% 18%
*19
21
*19
21
18% 18% 19
20
Do
2d. p r e f...132 18 Aug. 31 21 Jan.
2_ 21 • 29
133 133% *133 134
134% 134%, 135 135
Chicago & Alton.'...................... 132 132
563
128
Aug.
15
137% Jan. 22 127% 145%
12434 125
12334 124% 12484 125% 12434 127
125% 127% 17,443 11534 Feb. 20 1293g
Chicago Burlington & Quincy. 123 125
Apr.
13 120% 141
103%
104%
102%
103%
103% 105% 105 IO534Í 104% 10b3« IO534 106% 157,230 97% Aug. 14
Chicago Milwaukee & St. Paul
108% Jan. 20 96% 128%
11934x20%! 120% 1217. 121% 122%
Do
pref. 118% 118% 119% 119% 120 120
3,295 116 Aug. 14
Sept. 7 114% 144%.
Chicago & Northwestern....... 122% 124% 124% 125% 124% 125% 125% 127 .125% 1283^ 128 120% 62,202 119% Aug. 14 122%
140% Apr. 13
I5O34.
151% 152
Do
pref. 142% 143% 144 145% 145% 145% 14534 l*6%! 146% 152
2.500 137% Aug. 14 157 Apr. 13 124
136 175
122% 123
123% 124%' 123% 124 7j 124 125h
Chicago Rock Island <fe Pacific 12133 122
3.800 117% Aug. 13 127% Jan. “ 122
140%.
1434
1434
14%
14%
*11
14
16
15
’13
15
’13
15
Chicago St. Louis & Pittsburg
850 10% Aug. 31 22 Apr. 21
45
45
45
45
47%
*42
48
44% 46
Do
pref. -40
807 38 Aug. 11 5734 May 16
43
44
44
Chicago St. Paul Minn. & Om. 40% 41% 41% 42% 41% 42% 42% 42% 42
9,070 3634 Aug. 13 55 Jari. 18 2934 58%
102%
1023
4
104
IO434
101%
102%
102%
103%
103%
103%
103 104%
Do
pref.
5,180 97 Aug. 14 113% Jan. 5 9T% 117
43
44
38% 41
Cincinnati -and. & Cleveland
1.800 38 May 22 49% Mar. 9 44
62 .
62% 63% *62% 64
65
66
62
63
64
64
65
65
Cleveland Col. Cinn. & Ind ...
1.770 59 Aug. 14 84 Jan. 5 65% 92%
133 133
Cleveland* Pittsburg, guar..
100 124% Aug. 13 142 Jan. 26 133 140
3
3
3
3
3
3
Columbus Chic. * Ind. Cent..
300
3
Aug.
9
7% Mar. 5
3
21 %
Delaware Lacka wanna &West 120 % 122 \ 121 % 122 % 121 122%' 121 % 122 % 121% 123% 123 123% 412,275 118% Feb. 16 131% Apr. 13 116%
25% 26 34 25% 26
25% 26% 26% 27
30% 115,335 21% Aug. 21 51% May 3 38% 150%
25
Denver & Rio Grande......
26% 27
74%
8 34
8%
8% 8%
8
8
8%
8%
8%
8%
8% 8 a4
East Tennessee Ya. & Ga
1,925
7 Ang. 14 11% Apr. 13
8
16
16
16
15% 16
16
16% 17
16%
15% 16
Do
pref.
1.500 13% Aug. 14 23 Apr. 14 15%
26%
6%
6%
6%
6%
7
*6
7
*6
7
Green Bay Winona & St. Paul *6
200
5 Feb. 9 10% Apr. 12
6
16
39 Í........ 39
39
........ 39 '........ 39
Hannibal & St. Joseph........
38 Mar. 6 4634 Jan. 17 45 110
92%
92% Ï........ .. 92%
92% ......... 92%
Do
pref...
72 Jan. 3 9734 May 5 72 111%
192 34 194 *191 195
192 192
195 195
H a rlem ........ ........................
410 90 Aug. 23 200 Jan. 29 196 208
*55
59
*56 ........ *56
58
59
59
Houston & Texas Central...
58 Aug. 24 82% Apr. 5 61
92%
12734 12834 128 129% 129 129% 130 130
127 34 128
127 128
Illinois Central.....................
5,330 L24 Aug. 14 148 June14 12734 150%
79% 79% 79% 79%
79% 79%
Do
leased line..
340 77 Feb. 17 81 Jan. 22
2334 24% 24% 25
24
24% 24% 24% 24
26% 26% 27%
Indiana Bloom’n <fe Western
6,400 19% Aug. 14 35% Apr. 9 30 " '4 9 %
22
2 2 % 22% 22% .23% 24%
Lake Erie & Western......... g
1,130 18% Ang. 13 33% Jan. 18
% 45
100 % 102
101% 103
101% 102% 102% 103
102% 104 % IO334 1043, 124,310 9834 Aug.30 114% Jan. 18 23
Lake S h o re ............................
98 120 %
79
79
7834 783,
Long Island............................
322 60 Ján
86
84
June
30
49%
65
44% 45% ‘ 45% 46% 45 % 4,8% 47% 50% 49% 52% 51% 53% 145,215 40% Ang. 27 58 % Jan. 20 46% 10034
Louisville & Nashville........
Louisville New Albany & Chic
39% June 20 68 Jan. 5 57
78
*39
41
*39% 41
39% 41
Manhattan E levated............... *39%
*39
41
1,200 38 Aug. 14 .53% Feb. 9 40
60%
*81
85
*81 * 85
Do
Istp re f.. ...... ... *80
*81
85
80 A n g .l
90 Jan. 18 82
98%
*39
41
*39% 41
Do
c o m m o n .......... *39%
*39
41
38 Aug. 17 53 Feb. 10 40
56
20
18%
18%
20
Manhattan Beach Co...............
18 «4
19
19
625 15 Feb. 21 30% June 30 15
37
42
42
"ÏÏ" % f l
40
41
39
42
43% 43%
Memphis & Charleston. .•.........
43
4,626 34% Aug. 13 55 Jan. 8 421. '8 2 %
92
02
91
91
Metropolitan Elevated........... *89
*89
93
110 76. May 17 93 June21
' 93
83% 84% 83 3a 84% 84% 85% 84
Michigan Central...... s .......... 1 83
86% 87%! 16,387 80% Aug. 27 100% Jan. 19 77
86%
77 105
11% 11%
12
12%j
Milwaukee L. Sh. & Western .
200 10 J u n e ll 18 Jan. 4 13
21 i
41
*41 ... .
42
41
42
40
44 % 45 %
Do
pref. *39
900 38 Aug. 28 48% Jan. 201 4 13.J 58%
2134 2134 21% 2 2 % 2 2 % 22% 23
23
24
25
Minneapolis & St. Louis.
1,400 19% Aug. 14 30 34 Jan. 18 19
363*
49
52
52%
49% 49% 49% 49% 49% 50
52
Do
pref,
2,250 47 Aug. 15 68% Jan. 18| 59
24% 25% 25% 25% 25% 2534¡ 2584 261 25% 26% 26 84 27% 25,805 .21% Ang. 14 34%.Tan. 181 26% 77
Missouri Kansas & Texas.__
42%
98% 98% 99% 98
Missouri Pacific.......................
99% 99
97
99"% 99 100 % 100 % 102
43,340 93 Aug. 14 106% Apr. 9 86 % 112 %
12 . 14
14
Mobile & Ohio...... ........ . . . ___ *12
10% Aug. 13 '9% Jan. 5 1 12
3534
*123
125
*123
123%
123%
124%
124%
125
Morris & E ssex..........., ............
125 120 Feb. 15 129% J u n e ll II934 128 '
56% 56% 56% 57% 57% 60 *........ 61
Nashville Chattanooga * St.L. 56% 56%
57
4,700 50% May 17, 64% Jan. 22 47 '87%
117% 119% 50,137 113%
New York Central & Hudson. 115% 116% 116 116% 115% 116% 116% 11634 116 118
Aug. 13 129% Mar. 10 123% 138
934 934
934 934 *8% 9%
9 34
9
9% 9%
9
9%
New York Chic - & St. Louis..
3,500 . 7 Aug. 13 15% Jan. 5 10% 17%
*17
19
19
18% 18% 18% 18>i
*17
19
19
Do
pref, *17% 18
710 17 Aug. 13 35 Jan. 4 27
37%
*95 105
*95 105
*95 105
N ew Y ork Elevated................. *95 105
90 Aug. 23 105 Feb. 16 100 109%
85
*85
86
86
85% 86% 86 % *85
New York Lack. & Western .. *84% 85
86
86
155 84 a4 Ang. 23 89 % Mar. 5
31% 3034 .3 1 % 3134 32% 85,376 28 % Aug. 13 40% Jan. 13 33% 433*
New York Lake Erie & West. 29% 3034 303s 31% 3034 313s 31
78
78%
76
76
Do
pref. 75% 77
850 72 Aug. 13 83 Jan. 5 67
88 %
2434 25
2434 243
25
25
25
25 % 25 , 25
24% 24%
Now York <ft New England__
1,425 20% Aug. 8 52% Jan. 9 45
60%
New York New Haven & Hart
Jan. 16 183 May 28 168 186
213g 213s 21% 21% 22% 22% 23% 11,692 169
New York Ontario & Western. 20 34 21 % 21% 21% 21
1934 Aug. 13 29% Apr. 14 20% 31%
6% I 6%
*5 %
6
New York Susq. & Western...
*5 % ,6
*5 % 6
5% 5% *5% 6
110
5 Aug. 28 8% May 10
17%
17
18
17% 17% *17
Do
pref.
17
*16
17% *16
17h *16
200 1434 Aug. 11 21 a4 May 10
38
Norfolk & Western, pref..____
36
36
*35
37
35
35
36% 36% 37
1,000 32 Aug. 14 4934 Jan. 20 44% 60
4334 88,096 3584 Aug. 30 53% June 14 2834l 54%
Northern Pacific.......................
38
40 ^ 39 7a 40 % 39% 40 »4 4034 413. 4034 42% 42
72% 75%: 74% 76% 74% 75a4 75% 76%: 7434 77
76% 77% 169,368 69% Aug. 30 90% Junel4 6634 100%
Do
pref...... .
5
534
4
483 12,599
.5% 5%
4% 5%
Ohio Central........ ....................
5% 53,
3% 4%
3% Sept. 6 ' 14% Apr. 13 1 I % ‘ 2 5 %
2934 2934 30
30% 30% 31% 30% 303,1 2934 30% - 4,205 27 Aug. 14 36s4 Apr. 13 27 ) 4 2
Ohio & Mississippi................... 28 34
Do
pref.............
96 Feb. 16 112% June 13 90 34 1 1 2
9% 10
Ohio Southern..........................
8%
8%
800
7 July 24 1434 Apr. 24 11 I 23% .
66% 68% 190,115 53 Aug. 14 89 Jan. 19 60 I 9 8 3*
Oregon & Trans-Continental.. 62
64% 64% 66% 64 % 65 84 65% 66% 65% 67%
14% 14% 13
14
14%:
13% 14
13% 13% 14
Peoria Decatur & Evansville.
13% 14
2,520 12 Ang. 30 28 Jan. 18 23
3 9 3*
50% 5134i 98,450 46% Aug. 27 61%June 1
52% 51% 52
50% 52
Philadelphia & Reading........
51% 52% 52
48% 51%
4 6 34 6 7 %
Pittsburg Ft. Wayne & Chic..
*131 134
*131 134 *131 134
130 May 31 138 Jan. 16 30 Í139
R ich .* Ällegb.,stfck trust ctfs,
5 June27 15% Apr. 16 13 I 4 0
Richmond & Danville..............
67
65% 65 34 *64
69
67
67 % *64
400 47 Jan. 13 72 July 23 52 250
32 % 32 %
32% 32% 32% 32% 32
32
Richmond & West Point.........
32
3234 32 34 33
2,600 21 Feb. 16 39 J u n e ,2 23 ¡263
16
s4
1734
Rochester & P ittsburg. . . . . . . .
17% 17%
16% 17
16% 17
16% 16% 16% 17
12,860 14 Aug. 11 23 Apr. 4 17% 36%
62
St. Louis Alton & Terre Haute 60
62
62
60
61% 6 i % 62
900 48 Jan. 3 85 June 19 20% 50
92
92
92% 92%
91
Do
pref. 88 % 8 8 % 90
91
91
600
Aug. 28 103 Apr. 11 55
94%
29
2734 27% *26
St. Louis & San Francisco...... *27
30
29
*26
30
28
500 22% Aug. 14 36% May 31 31
46%.
48
47
47
Do
pref. *45
47% 47
■47" ’ i f
48
46
*47
48
1,200 41 Aug. 14 59% June 2 43
.66%
*89 . 91
90% 90%
Do
Istpref. 8934 8934
*89% 92
*89% 92
7934
210 87% Aug. 23 100% Jan. 11
106%
*33
St. Paul & Duluth....................
36
423*
33 Aug. 13 40%.Ian. 9 26
92% 92%
Do
pref..............
100 91 Feb. 20 9734 June 16 68
99%
St. Paul Minneap. & Manitoba 108% 10884 109 IO934 L09 109% 108% 109% 10834 109% 110 110% 11,175 tl0334July24 169% Apr. 16 108% 166%
Texas & Pacific......... ............... 27% 28% 28
29
28% 28% 283g 29% 28% 30% 29% 3084 34,690 24% Aug. 14 43 Jan. 18 34
55
Texas & St. Louis in Texas ..,
20% 20%:
20
20
150 15 Aug. 29 27% June 14 15
31
Do
in Mo. and Ark.
20% July 25 2484 June 29
Union Pacific........... ........ ......
89
90% 90% 92% 91% 92 3g 92% i)3% 92 s4 943.4 9434 95% 109,003 86% Aug. 13 104% Jan. 18 98% II93*.
Wabash St. Louis & Pacific...
20% 2284 22% 23% 37,045 15 Aug. 14 36% Jan. 18 23% 39%
20% 20% 20% 21
19% 20% 19% 21
Do
nref. 82% 341
33
34% 3338 34% 3334 3434 83% 35 84 35
36% 39,035 2934 Aug. 14 57% Jan. 18 45% 71%
M IS C E L L A N E O U S .
American Tel. & Cable Co......
'6334 6334
65
6534
6384 65
61% 62
74
1,300 61% Aug. 31 69% June 15. 65
Bankers’ & Merchants’ T el... *128% 129% 129% 129% 129% 129% 129% 12934 12934 12934 130 130
900 121 July 18 140% Aug. 30 125 132
Colorado Coal & I r o n ..............
2134 22%
21
21%
22% 22%
53%
1,420 19 Aug. 23 39% Apr. 16 25'
Delaware & Hudson Canal___ IO434 10434
105% 106% 106 106% 106 106
107% 107%
1,777 103% Aug. 30 112% Apr. 14 102 34 11934.
Mutual Union Telegraph.......
16% 16%
*18
19
17
17
350 15 Aug. 3 1 25 Jan. 1” 19% 30%
New York & Texas Land Co.. *110 125
llO 125 *110 125 '110 123 *110 123 *110 121
55
55 : Mar. 13 125 July 20 37
Oregon Improvement Co.........
88
88
85
89
325 77 Aug. 14 91% Mar. 5
Oregon Railway & Nav. C o...! 129 130
12934 130%
131 131
131% 132
132 133
150 June 14 128 Í63%
2,800
127
Aug.
30
Pacific Mail..............................
32 34 34% 34
30% 31% 31% 32% 31
32% 32% 33
35% 15,250 28 Aug. 14 4434 Apr. 9 32 a4 483*
Pullman Palace Car............ ., ’ 128 128
129 129
130 130
129 129
130% 130%
1,300 117 Feb. 23 134 JunelS 117 145
Quicksilver M ining.................
*6
7
*6
8
*6
7
*6
14%
*6
7
7
it
7% June 14 9 % Mar. 3
Do
- pref......... *30
33
*30
33
*32% 33
33
33
62%
*30% 33
100 33 Aug. 1
46% Mar. 6 40
Western Union Telegraph..
79% 81
77% 78
81
77% 78% 78
81% 65,923 7184 Aug. 16 88% Junel4 76% 93%
79% 79% 80
EXPRESS. .
Adams............................. .......... 133 137
133 137
135 135
135 135 *133 137 *133 137
21 126% May 5 135 Jan. 5 133 149%
American......... ........................
90
90
97%
90
90% 89
89% 90
*89
*89
90
90
89
300 88 M a r ."' 94%June 9 90
United States.......................... *58
62
80%
*59
62
*59
62
*59
*59
61
*59
61
62
55% May 17 65% Jan. 6 62
Wells, Fargo & Co............... . *116 120
118 118 *117 120 *117 121
117 121
117 120
117 Aug. 29 128 Juné21 125 132
C O A L A N D M IN IN G .
Consolidation Coal.................. .
.....
24 May 18 27% Jan. IP 27% 36%
Homestake Mining C o............
15 Mar. 6 19 Jan. 19 15% 19®4
Little Pittsburg Mining..........
1% 2%
Mariposa Land and Mining__
1% 2%
Maryland Coal.................. .
26
12 Aug. 24 17 Jam 15 13
New Central Coal................. .
10 Aug. 6 14 Jan. 4 13% 23
Ontario Silver M ining.............
46
18 Feb. 10 35%.Ian. 8 33
Pennsylvania Coal...................
270 Feb. 2 28084 July 21 240 245
Cameron Coal...........................
16
37%
16
16
14 Feb. 27 18 Jan. 3 18
16
Central Arizona M ining..........
% Jan. 12
•*2 1%
% Mar. 26
Deadwood Mining___. . . . . . . . . .
4
63*
Excelsior Mining.. ; ........... ,
% 2 7£
Robinson Mining .
1
4
Silver Cliff Mining___.*.*1111111
2
2»4
Standard Consol. Mining
5% Sept. 7 7% July 7 v 4 ^ 193«
200
5% 5%
5% 5%
........
Stormont Mining........
J; 1% 1%
These are the prices hid and asked; no sale ■was made at the Board.
t Ex-privilege.
t Ex-dividend and privilege.
THE CHRONICLE.
262
[V ol . X X X I If.
QUO TATIO N S OF STA TE A N D R A IL R O A D BONDS A N D M ISCELLAN EO U S SE C U R ITIE S.
•
S E C U R IT IE S .
Alabama—
Class A, 3 to 5,1906 —
Class A, 3 to 5, small...
- Class 33, 5s, 1906...........
Class C, 4s, 1906...........
- 6s, 10-20s, 1900............
Arkansas—
6s, funded,1899-1900..
7s, L. Rock & Et. S. iss.
7s, Memp.A L.Rock RR
7s, L. R.P.B. & N.O: RR
7s, Miss. O.& R .R .R R
7s, Arkansas Cent. R R
Connecticut—6s, 1883-4.
.Georgia—6s, 1886...........
' 7s, new', 1886...............
7s, endorsed, 1886.......
. 7s, gold, 1890..............
L ou isian a78, consol., 1914.........
7 s,sm a ll...:.................
Ask. I
S E C U R IT IE S .
IjOuisiana—Con tinued—
Ex-matured coupon...
Michigan—
7s, 1890........................
Missouri—
6s, due 1886............ --6s, due 1887.................
6s, due 1888....... ..........
10
6s, due 1889 or 1890—
45
A syl’m or Univ., due’92
35
Funding, 1894-95 ---- —
35
Hannibal & St. Jo., ’86.
30
Do
do
’87
20
17
New York—
100
6s, gold, reg., 1887........
102
6s, gold, Coup., 1887---104 106
6s, loan, 1891................
104
i ï ë " j 6s, loan, 1892................
6s, loan, 1893............. —
66*4 67 *2 N. Carolina—6s, old, J.&J.
6s, old, A.& O.................
62
81% 82
83 1
99 102 *
81*2
108
STATE
Bid.
Ask.
59*4 60
116
106
107
108
109
112
H6
109
109
108
108
112
115
117
30
30
BONDS.
S E C U R IT IE S .
Bid.
N. Carolina—ContinuedNo Carolina RR., J.&Jt 160
H o A .& O .................. t 160
Do 7 coup’s off, J.&J. 135
Do 7 coup’ s off, A.&O. 135
Funding act, 1866-1900 10
_ Do
1868-1898 10
New bonds, J’.&J., ’92-8 16
16
Do
A.&O.........
4
Chatham R R .................
4
Special tax,class 1, ’98-9
4
Do
class 2 ........
4
Do t o W .N . C. R R .
4
Do
Western R R ...
4
Wil.C.&Ru.R.
Do
4
Do
W ’n. &Tar R.
78
Consol. 4s, 1910............
Small.............................. 76
Ohio—
6s, 1 886......................... 107
Rhode Island—
I 6s, coupon, 1893-99...... 116
Ask.
S E C U R IT IE S .
South Carolina—
6s, A ct Mar. 23, 1869|
non-fundable, 1888.)
Brown consol’n 6s, 1893
Tennessee—6s, old,1892-8
6s, new, 1892-8-1900 ...
6s, new series, 1914---C’mp’mise,3-4-5-6s, 1912
Virginia—6s, old..............
6s, new, 1866——...........
6s, new, 1867.................
6s, consol, bonds...........
6s, ex-matured coupon.
6s, consol., 2d series—
6s, deferred....................
District of Columbia—
•. 3-65s, 1924............... .
Small bonds..................
Registered....................
Funding 5s, 1899.........
Do
small.............
Do
registered...
r a il r o a d
b o n d s.
Rome W.&Og.—1st,7s,’91 106
Mich. Cent.—Continued—
Del. & H.—ContinuedCon-. 1st, ex. 5s, 1922... 67*3 70
J ack.Lau.& Sag.—6s,’91
let, ext., 7s, 1891........- ........118
R a ilro a d Bonds.
Roch.& Pitt.—lst.6s,1921 104*4
Mil.
&
No.—1st,
6s,
1910.
Coup., 7s, l894.............. . — 118
(Stock Exchange, Prices.)
100
Rich.
& Al.—1st, 7s, 1920 71%
Mil.
L.S.&W.—1st,6s,1921
Reg., 7s, 1894...........
Ala.Central—1st, 6s, 1918
Rich.& Danv.—Cons.g.,6s 96%
Minn.&St.L.—lst,7s,1927 119
1st, Pa. Div.,cp.,7s,1917 ...... 124
Alleg’y Con.—1st, 6s,1922
65
Debenture 6s, 1 9 2 7 . .
Iowa Ext.—1st, 7s, 1909 114
Alb. & Susq.—1st, 7s... 110*4 112
Atcn.T.&. S.Fe—4*2,1920
Atl.&Ch.—1st, p., 7s.,’97
2d, 7s, 1891....................
2d, 7s, 1885........... - ... 104*31......
Sinking fund, 6s, 1911Incomes,
1900............
110*8
1103a
122*aT24
S’tliw.Ext.—1st,7
s.1910
1st,cons.,guar.7s,190b
96*
A tl. & Pac.—1st, 68,1910j 95
91
Pac. Ext.—1st, 6s, i921 101*8Ì101*4 SciotoVal.—1st, cons., 7s.
1st cons., 6s, 1906......
Balt.& O.—lst,6s,Prk.Br. 114
St. L. & Iron Mt.—1st, 7 s 112
Mo.K.&T.—Gen.,6s, 1920 81
Rens. & Sar.—1st, coup. 134*3!
Rost. H artt & E.—1st, 7 s 24
107%
107*3
105
2d,
7s,
1897....................
135
1
Cons.
7s,
1904-5-6.........
24
1st, reg., 1921---- - ——
Guaranteed.............- - - Arkansas Br.—1st, 7s... 106% 07*4
Cons. 2d, income, 1911. 53
Denv.& RioGr.—lst.1900 105 ! L07
Bur.C.Rap. & No.—1st,5s 99
Cairo & Fulton—1st ,7 s. 106%
80 1
H. & Cent. M o—1st,’90
1st consol., 7s, 1910 —
Minn.&St.L.—lst,7 s.gu
Cairo Ark. & T.—1st, 7s 106% .107
103%
95%!
Mobile
&
Ohio.—New,
6s.
Denv.So. P. &Pac.—1st,7 s
JowaC. &West.—1st,7s
5*3
Gen. r’y& l. gr., 5s, 1931
Den.& RioG.W est.-lst,6s ' 64% 64% Collat. Trust, 6s,’1892—
C.Rap.Ia.F.&N.—lst,6s
St.
L. Alton & T. H.—1st.
88
Morgan’s
La.&T.—1st,
6s
........
Det.Mac. & Marq.—1st,6s
1st, 5s, 1921........... —2d, pref., 7s, 1894......... 107%
Na8h.Chat.&St.L.—1st,7s 115
98
Land grant, 3*2S, S. A ..
B uf.N .Y . & Phil.—1st,6s
103
2d, income, 7s, 1894 ....
2d, 6s, 1901.................... 100 102
E.T.Va.& G.—1st,78,1900
107
Central Iowa—1st, 7 s ,’99
25
Bollev. & S. 111.—1st, 8s
74
72
N. Y. Central—6s. 1887- 105*4
80
1st, cons., 5s, 1930.
East. Div.—1st, bs,1912,
110
92%
Deb. certs, extd. 5s — 105*4 105 *3 St.P.Minn.&Man.—1st,7s
Divisional 5s, 1930
106*2
Char. Col. & A u g —1st«*
129
............
2d,
6s,
19091...
t
N.Y.C.
&
H.—1st,
cp.,7s
Eliz.C.&
N.—S.f.,deb.c.6s
112*4
Ches.& Ohio—Pur. m’yfd.
.09
Dakota Ext.—6s, 1910—
1st, reg., 1903............ 12834
i l o'*
1st, 6s, 1920..................
6s, gold, series A, 1908.
1st consol. 6s, 1933...... 1
. 9o
Huds. R .-7s,2d,s.f.,’ 85 104
6s, gold, series B, 1908. 93*2 93»4 Eliz. Lex. & Big S.—6s... .
95
Min’ s Un.—1st,6s,1922.
125
Can.
So.—lst,int.g’ar.5s
50
Erie—1st,
extended,
7
s...
48*2
6s, currency, 1918........
St. P. & Dul.—1st,5s, 1931
Harlem—1st, 7s. coup.. 128
2d, extended, 5s, 1919.. 108
Mortgage 6s, 1911 ------ 102
N. Y. Elev’d—1st,7s,1906 116 116*3 So. Car. Ry.—1st, 6s, 1920 104 l05*a
4th, extended, 5s, 1920. 106
Oliicasro <fc Alton—1st, 7s.
2d, 6s, 1931 ...................
109%
N.Y.Pa.&
0.-Pr.l’n.6s,’95
116
5th,
7s,
1
8
8
8
.
—
Sinking fund, 6s. 1903.
Tex.Cen.—lst,s.f.,7s,i9o5 105
ls t cons., gold, 7s, 1920. 124 124*2 N.Y.C.&N.—Gen.,6s,1910 35
La. & Mo. Riv.—1st, 7s.
. 1st mort., 7s, l 9 l l ........ 105
Trust Co., receipts........
108
1st cons., Id. coup., 7s..
2d, 7s, 1900. -v.— ...
Tol. Del. & Bur.—Main,6s 17*3
115 119*f
Reorg., istlien, 6s,1908 114*% Ì07*3 N. Y. & New Eng.—1st, 7s Ì02*
3t. L. Jack.& Chic.—1st
et._____
„ .
1st, Dayt. Div., 6s, 1910 10
115
1st, 6s, 1905 —...............
Long Dock b’ ds, 7s, ’93.
M ],7s,’94
1st, guar. M
(564),
7s,
1st, Ter’l trust, 6s, 1910 *10
N. Y.C.&St.L.-lst,6s,1921 99 % 100
Buff.N.Y.&E.—1st,1916 130 135
2d (360), 7s, 1898..;
*86
Va.
Mid.—M. inc.,6s,1927 50*8
96
2d,
6s,
1923...................
N.Y.L.E.&W.-New2d
6
2d, guar. (188),7s,’98.
Wab.
St.L. & P.—Geu’l,6s 67%
*74
*4
74%
N.Y.W.Sh.& Buff.—Cp.5s
Buf.&S.W.—M. 6s, 1908
Miss.R.Br’ge—lst,s.f.6s
82
Chic. Div.—5s, 1910 ....
98*4 N.Y. Susq. & W —1st, 6s 81
Ev. & T. H.—1st, cons., 6s
C.B.&Q.—Consol. 7s,1903 126*4
Hav.
Div.—6s, 1910 ....
*62
Debenture,
6s,
1897—
Mt.. Vern.—1st, 6s. 1923
6s, sinkingfund, 1901..
Tol.P.&W.—1st,7s,1917 103*4
n o i;
Midland of N.J.—1st,6s 94 ‘ 95
Fl’t &P.M’rq.~M.6s,1920
5s, debentures, 1913 ... ■9Ï Ê 92
Iowa
Div.—6s, 1921—
103
104*3
N
.Y
.N
.H
.&
H
.-l
st,rg.,4s
101
*
Gal.
Har.&S.
Ant.—1st,6s
Ia. Div.—S. F., 5s, 1919
Ind’polis Div.—6s, 1921
Ì0S*3 N evada Cent.—1st, 6s—
87*
2d, 7s, 1905....................
-S. F., 4s. 1919...........
N. Pac.—G. 1. g., lst,cp.6s 104 * 104 K Detroit Div.—6s, 1921.
84
Mex. & Pac.—1st, 5s. — 92*4 93
• Denver Div.—4s,1922.
81
103 % Cairo Div.—5s, 1931...
Registered, 6s, 1921 —
2d, 6s, 1931...............
Plain 4s, 1921........-. - Wabash—M., 7s, 1909.
82
N.O. Pac.—1st, 6s, g.,1920 | s lT 85
126
Gr’n Bay W.&S.P.—lst,6s
C. R. I. & P.—6s, cp.,1917
Tol. &W .—1st, ext.,7s io é '
Norf. & W.—G’ l, 6s, 1931. *98 101
126
Gulf Col. & S.Fe—7s, 1909 109% n o
I 6s, reg., 1917— .. . . . . . .
1st, St. L. Div., 7s, ’89 95*3 97 *a
97*4
103% 104*3 N ew R iv’r—1st,6s, 1932
Han.& St. Jos.—Ss, conv
Heo. & Des M.—1st, 5s. 106 107
97*3
2d, ext., 7s, 1893.
107*3
Ohio & Miss.—Consol, s. f. 115
Central of N. J.—1st, ’90 113 113*3 Consol. 6s, 1911........Equip, b’ds,7s, 1883—
Consolidated 7s, 1898 .. n ò b i l e
Hous.& T.C.—lst,M.L.,7s 107*3
1st consol, assented,’99 112», 113
Consol, conv., 7s, 1907 *75*
105
2d consolidated 7s, 1911 122
Conv., assented,7s,1902 113 115
1st, West. Div., 7 s.—
Gt. West.—1st, 7s, ’88 102
1st, Springfield Div., 7s 118
105
1st, Waco &N., 7 8 ....: 110
Adjustment, 7s, 1903...
97%
2d, 7s, 1893............
Ohio Central—1st,6s,1920 71
1 0 3 34
2d consol., main line. 8s '120
g Leh.&W.B.—Con.g’d.as
Q. & T.—1st, 7s, 1890 100 102
1st
Ter’ITr.,
6s,
1920...
90%
91
2d,
Waco
&
No.,8s,1915
Am.D’k&Imp.—5s,1921
Han.&
Naples—1st,7s
100
1st Min’IDiv., 6s, 1921.
130
General, 6s, 1 9 21.......
C.M.& St.P.—1st, 8s. P.D.
Ill.&So.Ia.—lstEx.,6s
Ohio So.—1st, 6s, 1921---- 80
Hous.E.&W. Tex.—1st,7
: 2d, 7 3-10, P. D.; 1898.. i ’20
St.L.If.C.&N.—R.e.7i 102%
65
Oreg’n&Cal.—1st,6s,1921
2d, 6s, 1913..................
1st, 78, $ g „ R .p.,1902. 124
O111. Div.—1st, 7s —
Or.& Trans’l—6s,’82-1922 91
Ill.Cent.—Sxt.Div.—Cp. 6s 113 ne
1st, LaC.Div., 7s, 1893. 117
Clar’da Br.—Gs.1919
Oreg. Imp. Co.—1st, 6s...
Middle Div.—Reg., 5s..
1st I. & M .,7s, 1897... 118
St.
Cbas. Br,—1st,6s *80*3
Panama—S.f.,sub.6s,1910
n
's
'
C.St.L.&N.O.—Ten.1.,7 s
1st, I. & D .,7s, 1899.... 118*2
No. Missouri—1st, 7s 118 120
Peoria Dec.& Ev.—1st, 6s *95
1st consol.. 7s, 1897 .. 117*3
1st,C. & M., 7s, 1903... 120
West. Un. Tel.—1900, cp 114 114 %
*95
no
Evans.Div.,
lst,6s,1920
120
120*3
2d,
6s,
1907.................
Consol. 7s, 1905............
1900,reg........... ........... 113 114
Peoria & Pek. U’n—1st,6s
103 104
Gold, 5s, 1951............ 103
N.W. Telegraph—7s, 1904
?ac. RRs.—Cen. P.—G.,6s
2d Div., 7s, 1894........ 105
ls i, 7s, I.&D. Ext., 1908 118*3
86
Mut. Un.T.—S.F.,6s,1911
San Joaquin Branch.. 105*3
Ced. F. & Minn.—Is*. 7s
6. W. Div., 1st, 6s, 1909. 105
107
Oregon RR. & N.—1st, 6s
Cal. & Oregon—1st, 6s 102
93
Ind. Bl. & W.—1st prf. 7s 1 0 0
1st, 5s,LaC.&Dav.,1919 90
INCOME BONDS.
State Aid bds., 7s, ’84 101 102
lsfcS.Minn.Div.6s.1910 105% 66*4 ' 1st, 4-5-6s, 1909............ 86
69*3
Land grant bonds, 6s. 104 105*3 (Interest payable if earned.)
2d,-4-5-6s, 1909............
1st, H. & D., 7s, 1910 .. 115*2 117
Ala. Cent.—Inc. 6s, l9 l8 .
West. Pac.—Bonds, 6s 108 110
Ch. & Pac. Div.,6s,1910 1093, 110*4 East’n Div.—6s, 1921—. 91
Alleg’y Cent.—Inc., 1912,
So. Pac. of Cal.—1st, 6s. 104% 105
Indianap.D. &Spr.—1st,7 s 103
lbt,Chic.&P,W.,5s,1921 93% 94
112
112*3
Atl. & Pac.—Inc., l9lO —. 29
0,1
1
1
Union
Pacific—1st,
6s..
Min’l Pt. Div., 5s, 1910. *90*4
93
Land grants. 7s, ’87-9. 108% 09*4 Central of N. J.—1908—
Int.& G’t.No.—lst.6s,goici 108
C.& L. Sup.Div.,5s,1921
Cent. Ia.—Coup.debtctfs,
Sinking funds, 8s, ’93. l l l - a 'l l S
81
1 Wisr& Min. D., 5s, 1921 "90% 90*2 Coupon, 6s, 1909......... . 80
Ch.St.P.&M.—L.g.
inc.,6s
115
Registered
8s,
1893..
104
Kent’kyCen.—M.,6s,1911
C. & N ’west.—S.fd.,7s,’85
Chic. & E. 111.—Inc., 1907
Collateral Trust, 6s.. .
L.Sh’re-M.S.&N.I.,s.f.,7s 105*3
Interest bonds, 7s, 1883 102
DesM.&l't.D.—lst,inc.,6s
do
5s, 1907
Clove. & Tol.—Sink. fd. 104%
" Consol.bonds, 7s, 1915.
Det. Mac. & Marq.—Inc
108*3
Kans.
Pac.—1st,6s,’95
107
New bonds, 7s, 1886—
Extens’u bonds, 7s, ’85.
E.T. V.&Ga.- Inc.,6s,1931 28*3 29%
1st, 6s, 1 8 9 6 -......... 106 107
Cleve. P. & Ash.—7s— 111
1st, 7s, 1885.................. 104
108*3 El.C. & No.—2d, inc.,l970
Den. Div.,6s,as’d,’99
Buff. & Erie—Newbds. 121
B Coupon,gold, 7s, 1902.. 123 123*
20*3
G. Bay W.& St.P.—2d,inc,
1st consol., 6s, 1919. '98% 99
Kal. & W. Pigeon—1st.
Reg., gont, 7s, 1902.... '123 123*2
Ind. Bl. & W.—Inc., 1919
C.Br.U.P.—F.c.,7s,’95
Det.M.&T.—1st,7s,1906
Sinkingfund, 6s, 1929. 109% 110
Consol., Inc., 6s, 1921.
At.C.&P.—1st,6s,1905 *90
Lake Shore—Div. bonds ‘ 121*4 123
Sinkingfund, 5s, 1929. 103*4
Ind’s Dec.& Spr’d—2dinc
At. J.Co. &W.—1st. 6s . . . . . . 91
Consol., coup., 1st, 7s. 124
Sinking f’d,deb. 5s, 1933
Trust Co. certificates —. I
Oreg. Short L.—1st,6s 96%
Consol., reg., 1st, 7 8 - 124
Sinkingfund. reg......
104
Leh.
& Wilkesb. Coal—’88
103*2
Ut.
So.—Gen.,7s
,1909
123*3
Consol.,
coup.,
2d,
7s.
Escan’a& L.S.—1st, 6s '111*2
Extern, 1st, 7s, 1909 101 101*2 Lake E. & W.—Inc.7s, ’99 26
Consol., reg., 2d, 7s... 120*;
Des M. & Min’ s—1st, 7s
Sand’ kyDiv.—Inc.,1920 *20
Mo. Pac.—1st, cons., 6s 102
Long Isl. R.—lst,7s,1898 117
Iowa Midland—1st, 8s.. '125
Laf.Bl.&Mun.—Inc.7s,’99
99
3d, 7s, 1906..............- 116 117
1st consol., 5s, i931
. Peninsula—lst,conv. 7s 120
82
Mil. L. S. '& W.—incomes
Pacific of Mo.—1st, 6s 104%
Louisv. & N.—Cons.7s,’98 117 118*3
Chicago & Mil.—1st, 7s. '118
63*a
Mob. & O.—1st prf. deben. 65
2d, 7s, 1891 — ... . . 110
2d ,78, gold, 1883.......... 101 102
109
Win.& St. P.—1st,7s,’87
25
48
2d
pref.
debentures......
97%
St.
L.&
S.F.—2d,6s,cl.A
Cecilian
Br’ch—7
s,
1907
126
.100*2
2d, 7s, 1907................ 120
96
97*
3d pref. debentures__ _ 20
3-6s,classC, 1906 ...
N.O.&Mob.—lst,6sl930
Mil.&Mad.—1st,6s,1905 109 112
96
96*3 4th pref. debentures—
3-68, class B., 1906...
E. H. & N.—1st,6s,1919
C.O.O.& Ind’s—1st ,7 s,s.f. ■M21*2
73
N.
Y.Lake E.&W.—Inc.6s 70
1st,
6s,
Peirce
C.&
O.
92
General, 6s, 1930.......
Consol. 7s, 1914............ 120 12 Ì *2
56
103*3 N.Y.P.&O.—lstinc.ac.,7s
Equipment, 7s, 1895.
Pensac’la Div.—6s, 1920
C.St.P.M.&O.—Consol.,6s 1093s 109»,
10*3
Ohio Cent-.—Income, 1920
Gen. mort., 6s, 1931.
St. L. Div.—,1st, 6s,1921
O.St,P.&M.-lst,6s,1918 114 114*4
Min'l
Div.—Inc.
7
s,1921
i'02"
101*3
So. Pac. of Mo.—1st.
2d, 3s, 1980...............
N. Wis.—1st, 68, 1930..
Ohio So.—2d inc., 6s, 1921
Tex.& Pac.—1st,6s,1905 104 108
Nashv. & Dec.—1st, 7s 112*2
St.P.&S.C.-lst,6s,1919 il*5 % 116
Ogdens.&L.C.—Inc., 1920
92
Consol., 6s, 1905........ 91
S.&N. Ala.—S.f.,6s,1910
97
Chic.&E.Ill.—lst,s.f.,cur. 95
41
55*3 56*3 PeoriaD. &E v.—lne.,1920
Income * Ld. gr., reg
92*4 Leban’n-ICnox—6s,193l * 100*
Chic.St.L.&P.—1st,con 5s;
40
Evans. Div.—Inc., 1920
lst,RioG.Div.,0s,1930 78 % 79
Louisv. C.& L.—6s, 1931 *105
1st, con., 5s, reg., 1932.
Peorla&Pek.Un.«-Inc.,68
Pennsylvania
RR.—
94*3
90
L.
Erie.*
W
—1st,
6s,1919
Chic. & Atl.—1st, t>s, 1920
40
Roch.
&
Pitts.—Inc,,1921
95*4
Pa. Co’s gu»r. 4 *33,1st c. 94*3
90
Sandusky Div.—6s,1919
100
Col.&Green.—1st, 6s, 1916
95*4 Rome W. & Og.—lnc., 7s. 27
Registered, 1921........
97
Laf. B1.& M.—lst,6s,1919 95
87
2d, 6s, 1 926..................
69
So. Car.Ry.—Inc.,6s, 1931 65
Pitt.C.&St. L.—1st, o.7s
Col. H.Val.& Tol.—1st, 5s
80 *s Louisv.N.Alb.&C.—1st,6s 985, 99
St-.L.&I.M.—lst,7s, pr.i.a 121
1st, reg., 7s, 1900.......
Manhat.B’cliCo.—7s,l909
87
Del. L.&W.—7s, conv.,’92 112*2 116
2d, 6s, int. accum’lative 118
2d, 7s, 1913.......... .--N.Y.&M.B’h—lst,7s,’97
Mortgage 7s, 1907........ '123*2
St’gr.&Ry.-Ser.B.,inc.’94
Pitts. Ft. W. & Ch.—1st 137
Ì24‘ Marietta & Cin.—1st, 7s.
gyr.Bing.&N.Y.—1st,7 s
37
Plain incomes, 6s, 1896.
2d, 7s, 1912................. *133 *s
Metr’p’lit’n El.—1st,1908 98 3,
Morris & Essex.—1st,7s 134 34
Sterling Mt.Ry.—Inc.,’95
131
3d,
7s,
1912..............2d,
6s,
1899
.................
116
2d, 7s, 1891.................
52
60
St.L.A.
&
T.H.—Div.
bds
123
Clev. & Pitts.—Cons. s.f.
60
f
Bonds, 7s, 1900.........
114*4 Mex. Cen.—1st, 7 s, 1911
1
Tol.Efel.&B.~Inc.,6s,1910
4th, sink, id., 6s, 1892.1 . ~ Mich. Cent.—Con.7s, 1902
123
7s of 1871,1901........ '120
Dayton
Div.—6s,
1910.
St.L.V.&T.H.—
lst,g.,7S|*113
Consolidated
5s,
1902
ÌO2Ì3
_ 1st, consol., guar., 7s. 122 123
Tex.&S t. L. - L. g. ,inc. 1920
2d, 78,1898................ - —
6s, 1909.................... .
N.Y.Lack. & W.—1st, 6s 115%
Gen. L. Gr.& Inc.—1931
2d, guar., 7s, 1898..... ........
Coupon, 5s, 1931,......
96*s 98
Del. & JE—1st, 7s, 1884.. 102 34 103
ITex.&St.L.
inMo.&A.-2d
92
Pitts.
B.&
B.—lst.6s.1911
75
........ 112*4 112*3 Registered, 5s, 1931—
t Coupons on since 1869.
: No price Friday—these are latest quotations made this week.
3,
S e p t e m b e r 8, lS S S .j
THE
C H R O N IC L E !
New York Loeal Securities.
B a n k S to ck L ist.
In s u ra n ce S to ck la s t .
£Prices by E. S. Bailey, 7 pine St.]
233
«¿notations in Boston, ruilndelpiia and Baltimore.
SECURITIES.
Bid. Ask.
SECURITIES.
Bid. Ask
BOSTON,
] I: ■_
Buff.Pitfs.* W.—Gen ,6s
Atch. & Topeka—1st, 7s. > IIP
1Par Bid Ask.
Cam.
&
Ambov—6s,e.,’89
113
Land grant, 7s____ .
not National.
Mort., 6s, 1889............ 1 110%
Atlantic & Pacific—6s ... .. Jncom b...........
Con?- S' Atk—lst,7s,g.,’93 119
America*........ .
2d, 6s, 1904..
154
,158
! 100
Boston & Maine
American..............
50
140
150
Amer. Exchange '... 100 128
Cons., 6p. c __
Boston & Albany—7s ...
Amer. E xchange.. 100 105 111
Broadway...............
265 230
Lam. & Burl. C o.-6s, ’97!
6 s ................
Bowery...............
25 150 163
Butchers’ & Drov’s’ ! 25 140
'-'ktawmsa—1st, 7s, con. e.
Boston & Lowell—7 s !!!!!
Broadway.......... .
165
25
175
Chat. M., 10s, 1888. .
Os..... .................... fe...........
100 ¡24 130. . Brooklyn................ 17 160 167
Chase...................... 100 180
New 7s, rog. * coup...! 118
Boston & Providence—7s
Citizens’ ..........
20 140 I50
Chart rs V.—1st, 7s, 1901
• 25 UO
Burl. & Mo.—Ld. gr., 7s
C ity .......................
70
115
125
Chemical................. 100 2010
Connect g 6s, cp., 1900-04
Nebraska, 6 s ......... Ex.
Clinton.................. 100 113 120
Citizens’ .................
ICor. Conan* Ant,,deb. 6s
i s HO __ 1 Commercial. . . . . . .
Nebraska, 6s.................
50
60
90
City.......................... 100 260
Delaware-Os, rg.& cp.,\\
Nebraska,
4
s
.
....!!!!!!]
Continental....
100
230
840
Commerce............... 100 ...... ! 157 1 Eagle.....................I 40
DeK& Bound Br —1st 7s
Conn. & Passumpsic—7s
225 240
East Penn.—1st, 7s, 1^88
Continental............ 100
122
Connotton Valley—6s
Empire'City.........
70
100
80
Corn Exchange*___ 100 Í62
Easton&Ainb’y —5s, 1920
5s....................................
Exchange..............
.
30
90
East River..............
El &Wmsp’t-l st,6s, 1910 115
25 ___ . . . . . . Farragut................ 50 115 100
California Southern—6s.!
120
5s, perpetual.. . , __
Eleventh Ward*___ 25
90
99%
East’rn, Mass.—6s, new
Firemen’s ..........
1101. Harrisb’g—1st, 6s, 1883
¿0
17
85
F ifth........................ 100
Fort
Scott
&
Gulf—7s
Firemen’s
Trust.]!
10
60
80
H.&B.T.—1st,
7s, g., 1890
Fifth Avenue*__
100 350
117
K. City Lawr. & So,—5s..
Franklin & E mp.. . 100 115 120
F irst..................
Cons.
5s,
1895.......
88
100 800
90
K. City St. Jo. & C. B.—7s
German-American . 100 190 '200
Fourth................
rthaca&Aih.—1st, gld.,7s
100 128
Little R. & Ft, S.—7s, 1st
Germania........... .
50 140 145
Junction—1st, 6s, 1882
Fulton................. ]].
30 120
Mexican Central—7 s __
Globe...................
]]
110
50
115
•Gallatin..................
2d, 6s, 1 9 0 0 ......:
"
50 162
N. Y. & N. England—69."
Greenwich ...." !!! I ] 25 260 290
ti>
Garfield............I."" 100 112
Leh.V.—lst,6s,C .*R .,’98 120 120
7s.................. ...... a. . . .
Guardian................ 100
60
65
2d, 7s, reg., 1910........... 130 132%»
■German American*, j 75 97 „
N. Mexico & So. Pac.—7«
H am ilton...... ....... ] 15 110 115
Cons. 6s, C.& R., 1923.. 122 124%»
German Exchange*! 100
Oregon Short Line—Cs.. J
Hanover..............].] 50 132 137
N. O. Pac.—1st, 6s, 1920.
Germania*............ 100' Ì3Ò . . . . . . Hoffman.............]]]] 50
Ogdensb.* L.Ch.—Con. 6s
75
82
No. Penn.—1st, 6s, cp.,’85 102% 103
Greenwich*...........
25
I ncom e........
Homo..................]]]]- 100 137 145
2d, 7s, cp. 1896........... . 113
H anover..,............ 100 150
Old Colony—7s
H ow ard.............. ]]] 50
57
65
Gen., 7s, reg., 1903...... 121
Imp. & Traders’__ 100 250
6 s ............1
Importers’ * Trad’s’ 50
85
90
Gen., 7s, cp., 1903
I r v in g ...................
50 138
Pueblo & Ark. Vai.—7s
Ir v in g ............
114 115
60
100
70
Debenture 6s, reg
Feather Manuf’rs’ . 100 160
Rutland—6s, 1st..
Jefferson...... ....... ]] 30 125 130
Norfolk & West.—Gen.,6s
Manhattan*...__
50 148
Sonora—7s ...... .
Kings C’nty (Bkn.). 20 195 200
i m !!!
Oil C ity* Chic.—1st, 6s..
M arine.................... 100 155
T.
Cinn.
&
St.
L—1st,
6s
Knickerbocker.......
40
75
85
Oil Creek—1st, 6s, coup.. 105
M arket. . . . . . . ___3 100 135
Incom e..............
Lam ar................... 100
4%
65
70
Pennsylv.—Gen., 6s, reg. 123
Mechanics’ ......
25 149
Dayton Division
Long Isl’d (B’klynj 50 110 115
Gen , 6s, cp., 1910..___
Mechanics’* Trads
122%»
25
113
Main
line
Lorillard.......... ...... 25
55
65
Cons., 6s, reg., 1905__ 117*'
100 i J6
STOCKS.
Manufac. & B uild.! 100 101 112
Cons., 6s, coup., 1905... 115 119
Mercnants'..............
50 ¡30
Atchison & Topeka
Mech. & Traders’ .. 25 110 115
Cons., 5s, reg., 1919___ 105%
Merchants’ Exch
50 95
98
B oston * Albany...
Mechanics’ (Bklyn) 50 125 135
Pa. & N. Mr C.—7s, 1896.
Metropolis*............. 100
125
Boston & Lowell..;.
Mercantile...............| 50
60
64
7,1906.......................... : 125
100
165
Boston
&
M
aine..............
Merchants’ ....
95
60
100
Perkiomen—1st, 6s,cp.’87
103%»
100
Boston
&
Providence___
50 105 108
Phil &Erie—2d.7s,cp.,’88 110%! 112
Nassau*
100 .24
Cheshire, preferred........
50 135 150
Cons., 6s, 1920............
100 f 2
Chic.
*
West
Michigan..
85
37*2
90
ib‘3% 104
Cons., 5s, 1920......... .
135
Cinn. Sandusky & Cleve.
N. Y. Equitable ... 35 145 160
Phila. Newt. & N.Y.—1st
N. Y. Nat. Exch.
100
Concord...........................
N. Y. Fire............... 100
75
30
Phil. & R.—1st, 6s, 1910.
Ninth.......................I 10Ö 120
Connecticut
River...........
N.
Y.
&
B
oston___
100
4
6
2d, 7s, coup., 1893....'. 118%
North America*...
70 104 110
Conn. & Passumpsic.......
New York City...... 100
87%
5
10
Cons., 7s, reg., 1911___ 124 I
North River*.......
30 105
Connotton Valley
Niagara......... _........ 50 135 150
Cons., 7s, coup., 1911..
Oriental*...........
25 140
Eastern,
Mass__________
North
R
iv
e
r...........
103 108
Cons., 6s, g., 1.R.C.1911
Pacific*.................
50 165 L . „ .
Eastern, New Hampsli..
P acific. . . . '...........
25 165 170
Imp., 6s, g., coup., 1897
Park........... - .......
100 1721a 175
F itchburg............. ; .......
Park-................... . 100 110 116
Gen.,
6s, g., coup., 1908 94% 943»
People’s * ..............
25 115
Flint
&
Fere
Marquette
Peter
Cooper........]
26
20 145 160
Gen., 7s, coup., 1908__ 100% 10034
Phenix...............
20 iOO
Preferred.................
100
People’s ............ ...... 50 110 117
Income, 7s, coup., 1896 90
91
Produce*................
50
Fort
S
c
o
tt
*
Gulf—Pref
120
Phenix..............
50
137 140
Cons. 5s, 1st ser.,c.,1922 77
77
Republic.................. 100 130 132
Common..............
R e lie f.................... 50
55
60
Cons. 5s, 2d ser.,c., 1933
62
St. Nicholas*........... 100 125
Iowa Falls & Sioux City
80
R
e
p
u
b
lic
...............
100
77
82
*89
‘
Conv. Adj. Scrip, ’85-88
90
Seventh W ard........ 100 110
Little
R
o
c
k
*
Ft.
Smith
R
utgers
.................
25
115 120
Debenture coup., 18931
Second..................... 100
Maine Central.................
Standard...............]
100 105
Deb. coup, off, 1893___
Shoe & Leather___ 100 12812
Manchester & Lawrence.
Star......................... 10^ 55
65
Scrip, 1882............. I
97 IOO
State of New York* 100 120
Marq.
Hought’n
*
Onton,
38%
Sterling.........
........
100
50
60
Conv., 7s, R. C., 1893 .
Third........ .............. 100
Preferre<T..........
Stuyvesant...... .]_! 25 120 126
Conv. 7s, coup, off, 1893
Tradesmen’s...........
Nashua
&
Lowell............
40
Tradesmen’s
...........
25
65
70
7s, cp.off.Ian.,’85
Union................ ...
62
50 165
N. Y. & New England . .
24% P Conv.
United States. . . . . . 25 127
hil.W il.* Balt.—4s,tr.ct. 92%
U nited States' ]. !.
100
Northern of N. Hampsh
Westchester........... 10 120 126
Pitts.Cin.&St.L.—7s, res
W all Street............. 50
Norwieh
*
Worcester...
156
Williamsburg
City:
50
200 220
Pitts. Titus. & B.—7s,cp
91
W est Side*. . . . .
100
Ogdensb. & L. Champlain
ShamokinV. & Potts.—7s 118
Old Colony.................. .
138% Sunbury
& Erie—1st, 7s.
127
Portland Saco & Portsm!
Sunb. Haz. & W.—1st, 5s
G as an d C ity R a ilr o a d S to ck s an d B on d s.
Rutland—Preferred...... .
2d,'6s, 1938........ .
25
[Gas Quotations by G e o . H. ‘. P r e n t is s & Co., Brokers. 11 Wa
Revere Beach * Lynn
Syr.Gen.* Com,—1st, 7s.
Tol. Cinn. & St. L ouis....
Union
&
Titusv.—1st,
7s.
.+<3
D
Vorm't & Massachusetts
United N. J.—Cons.6s,’94
Date.
Worcester * Nashua
GAS COMPANIES.
Par. Amount. Period
Cons. 6s, gold, 1901...
a
* • Bid. Ask. Wisconsin Central...
Cons. 6s, gold, 1908...
Preferred
Brooklyn Gas-Light.......[
Gen., 4s, •old, 1923..,. 9 3
25 ¡2.000,000 Var’ s 5 May, ’83 112 n s Citizens’ Gas-L. (Bklyn 1 ' 20 1,200,000 Var’s 3 July, ’83 70
Warren & F.—1st, 7s, ’96
77
P H IL A D E L P H IA .
Bonds............................ 1,000! 315,000, A. & O, 3% April. ’83 105
West Chester—Cons. 7s.. 115
110
H arlem ................. .
RAILROAD STOCKS, f
W. J ersey—1st, 6s, cp.,’96 115
50 1,850,000|F. & A 3 Feb. ’83 105
Valley
Jersey City & Hoboken..
1st, 7s, 1899...... ...........
20 .750,000 J
7% July, ’83 155 ib s ” Allegheny
Bell’s Gap..
Manhattan.......................
Cons. 6s, 1909............... 113%
5 June, ’83 230 232
Buffalo
N.Y.
&
Phil
M etronolitan..........! .!! !
W. J ersey&Atl.—1st,6s,C. 107
6
Aug.,
’83
187
B onds....................
Preferred
Western Penn.—6s, coup.
3
105
Mutual (N. y .) ..! ! ! ! ! ! ! ! !
Camden & Atlantic
'6s, P. B., 1896..............
100 3,500,000 Quar. 2*2 Julv*. ’83 116
Preferred
B o n d s .............. .
1,000 B ¡ n ^ g f
' Gen., 7s, coup.. 1901__
6
1902
104
Catawissa__
Nassau (Bklyn.)__ ]]]']
23
25 1, 000,000 Var’s 3 Sent.. ’82 50
CANAL BONDS.
60
S crip ........................ .
1st preferred.................
5734
75
Var’ s
Ckes. * Del.—1st, 6s, 1886
700,000 M.&M o^'M av. ’83 90
95
N ew Y o r k ..............]"]]'
2d preferred.................
56
100 4,ooo]ooo m ! * n ! 5 May, ’83 125 ¡30
Lehigh Nav.—6s,reg.,’84 101%102
Delaware* Bound Brook
People’s (B klyn.).!!!!
113
I—
.
10 1, 000,000 J. & J. 8*2 Jan., ’76 45
Mort.
R
R
„
reg.,
1897
.
55
B onds......................
East Pennsylvania.........
1,000
Cons., 7s, reg., 1911... 120% 121
375.000 M.&N. 3% May, ’83 106 no
B onds.................
Elmira & W illiamsport..
Var’s
Greenw’d Tr., 7s, reg ..
125.000 Var’ s 3 April, ’83 90
95
Central of New York.
Preferred.......................
50
Morris—Boat Loan rg.,’85
466.000 F. & A. 3 Feb„ ’83 85
90
Har. PrMt. Joy & Lanc'r 75
Williamsburg . . . . . . .
50 1, 000,000 Quar. 1% Feb., 82 70
85 i.......
Pennsylv.—6s, cp., 1910.
75
B ond s.........
........ : 1,000 1, 000,000 A.& O. 3
Huntingd’n & Broad Top
Schuyik. Nav.—lst,6s,rg ........ 1106%:
April.
83
105
:
10
Preferred__
Metropolitan (Bklyn.’) .’ !
100 1, 000,000 M.&N. 3 July, 83 80
2d, 6s, reg., 1907.........
90% 91
85
Municipal.......................
Lehigh
Valley
69
100 3.000.
000
5 June, 83 182 :
B ond s..............„.!!!!.
Preferred.........
750.000 M.&N. 6
1888
106 1
B A L T IM O R E .
Fulton M unicipal....
Little Schuylkill...........
100 3.000.
000
75
85
B on d s....................
Minekill & Sch. Haven..
RALLR’D STOCKS. Par
300.000
6
102 .1
Nesquehoning Valley
Baltimore & Ohio...... 100 192% 195
Norfolk & West’n—Com
120
1st pref......
[Quotations by H . L . G ran t , Broker, 145 Broadway. 1
Preferred.................
2d pref........
120 123
Bl’cker St,
t.F.—Stk
Northern Central............
100
Paykershurg
Br........50
J, & J 1 34 July, ’83, 23
8%
9%
26
Is t mort
66 %
1,000
Northern Central..¿...50
J. & J 7 July,190C 108 112% North Pennsylvania!!!!!
54%
B r’dway & 7th Av.—St'k.
Pennsylvania................... 573»
100
Western Maryland__ 50 13
Q.—J.
2
Juiy,
’8!
146%
Ist mort...........
Allotments......
1,000
Central Ohi<j—Com...... 50 51% 52%
J. & D 7 June, ’84 102 103
Brooklyn City—Stock! ! ! ]
Philadelphia* E rie!!!!.'! 17%
10
Pittsburg & Connellsviile
Q.—F. 3% Aug., ’8i 212 215
.Ist mort............ .
Phila. Ger. & Norristown 108 109
1,000
RAILROAD BONDS.
M.&N 7
B r’dway (Bkln.)—Stock!
Phila. Newtown & N .Y ..
100
Q.—J. 3 July, ’83 490 200
...
. A tla n ta* Chari.—1 st.... 106%'I07%
Phila.
&
Reading.............
Bklyn. Crosstown—Stock
100
24% 24sg Inc............................. .
7 8 % !.....«
2 July, ’8i 150
Q.—J.
Ist mort, bonds......
Phila. & Trenton ...
1,000
----- Balt.&Ohio—6s,’85, A.&O 104%
Q.—J. 7
1888
105 i l 2
Bushw’kAv. (Bkln)—St’k
Phila. Wilm. & Balt
1Ö0
62 ........|Chari. Col. & Aug.—1st
J. & J. 2% July, ’83 150
Cent.Pk.N.* E .R iv.-S tk
Pittsb.
Cin.&
St.
L.—Com.
100
2d..................................
Q.—J. 2
uly, ’83 144 147
United N. J. Companies.. 191%
Consol. mort, b o n d s .... 1,000 i;200,000 J. & D. 7 J
Columbia* Greenv.—Isis 100 % 101%»
Dec., 1902 116 118
Chnst’ph’r&lOth St—Stk
650 000 F. & A. 2% Aug., ’83 110
Westchester—Cons. pref. _____
773, 79
100
2ds.................. ..............
115
West Jersey.................... I 48
Bonds
.............g........ 1,000
250,000 J. & J. 7
N.W.Va.—3d, guar.,J*J. I
1898
10.6
West
Jersey
&
Atlantic!
DryDk.E.B.* Bat’y—Stk
100 1,200,000 Q.—F. 4 Aug.,
Pittsh.&Con’ons.—7sJ*J
122
’83
270
CANAL STOCKS.
Ist mort., consol......... 500&c. 900,000 J. & D. 7 June, ’93 260
No.Central—6s, ’85, J.&J 10284
114 117
Lehigh Navigation
Eighth Av.—Stock
6s, 1900, A. * O
100 1,000,000 Q.—J. 3 July, ’83 240
ls t m o r t ....................
Pennsylvania..
6s, gold, 1900, J .& J .... 116
1.000
203,000 J. & J. 7 Juñé, ’84Í100 i i d
Stjhuylkill Navigation
42a & Gr'nd St.F’ry—Stk
Cen. Ohio.—6s, lst,M .*S . 108 110
100
748,000 M.&N. 6 May, ’83230
‘ 1st m ort............
Preferred........
17
W.Md.—6s, 1st, g., J .& J.
112
1.000
236,000 A. * 0 . 7 April, ’93 110 115
RAILROAD BONDS.’ *
Central Crosstown—Stk!
1st, 1890, J . & J ...........
100
600,000 J. & J. 3 July, ’83 106 109
1st mort......
Allegk. Val.—7 3-10s, ’96
120%
2d, guar., J. & J
1.000
250,000 M.&N.
1922
103
108
7s, E. ext., 1910............
Houst.W.St.&P.È’y—Stk
2d, pref.....................
100
250,000
90
? 1st mort......
Inc. 7s. end., coup., ’94 30
36
2d, guar. hyW.Co., J.&J.
. 500
500,000 J. & J. 7 July. ’94 n o 112%
Second Av.—S to ck !!!!!!]
Belvid’e Del.—lst,6s,1902
6s, 3d, guar., J. & J __ _
100
1,396,500
J.
*
J.
5
July,
’83
205
212
3d mort.............
2d, 6s, 1885
Mar.&Cin.—7s,
’9 l,F .*A .
1.000
150,000
A.
&
O.
7
April,
’85
103
Consol...... ........
?d, 6s, 1887
102
2 d . . ... ................ M&N
1.000 1,050,000 M.&N. 7 Nov., ’88 107 108%
Sixth Av.—Stock*...........
Bell’s Gap—1st, 7s, i§93. 107
8s, 3d, J. & J ................. 46
50
100
750,000
M.&N.
5
Mcb,
’83
240
250
1st m ore....
........
1st, 6s, 1905.., ...
Union RR.—1st, gua.J&J 115
500,000 J. & J. 7 luly, ’90 110 L15
Third Av.—Stock'........... 1.000
Consol., 6s, 1913. ...
95
Canton endorsed
100 2, 000,000 Q.—F. 3 Aug., ’83 270 280
ls tm o r t...
-r ...
Buff. N.Y.& Phil.—1st,6s
Virginia & Tenn.—6s
101
1.000 2, 000,000 J. & J. 17 Jan., ’90 L10 L13
2d, 7s, 1 9 0 8 ... _ _ _ _ _ _ . . . . . I
Twenty-third S t.-Stock]
120
100
600,000 F.&A.I 4 Aug., ’83 155 ¡65
1st m ort...........
Cons. 6s, 1921...__
Wilm. C. & Aug.—6s.
108
1,000
250,000 M.&N. I 7 May, *931 HO 113
1st, Tr. 6s, 1922
Wil. & Weldon—Gobi, 7s. 118
T h is column shows last dividend on stocks, but date of maturity of bonds.
* Ex-dividend.
t Bor share.
t In default.
$ Ex-rights.
COMPANIES.
THE CHRONICLE.
264
[VOL. X X X V II.
New York City Banks.— The following statement shows th e
R A IL R O A D E A R N IN G S.
condition of the Associated Banks of New York City for the
The latest railroad earnings and the totals from Jan. 1 to week endintr at the commencement of business on Sept. 1:
latest date are given below. The statement includes the gross
Average amount of—
eam inss of all railroads from which returns can be obtained.
The columns under the heading “ January 1 to latest date fur
Capital.
Banks.
Specie.
nish the gross earnings from January 1 to, and including,
the period mentioned in the second column.
?
495,000
763.000 8.657.000
9,520,000!
New York.......
370.1.00 5.813.000
7.541.000
Manhattan Co.
337,100
630.100 6,709,100
7.152.300
Merchants......
1883.
188S
1.048.000 7.157.000
1883.
Week or Mo
8.050.000
Mechanics’ ......
8.696.200
107,600
4,202.200
O nion............
525.100 8,282,500
$
10,678,300
$
A m erica........
S
113,500 3.146.000
423,586 Phoenix...........
3.298.000
547,604
73.301
Ala.Gt.Southern Ju ly.........
552.000 8,6-12,700
7.165.500
7,954,351
City— ..............
7,842,028
1,167,987
85.000 2.023.200 80ÒÌÓÓÒ'
Ateli.Toi>.& S.Fe J u ly .......
3.116.000
Tradesmen’s—
1,632,943
1,622,898
48,425
91.200 1.878.300
1.593.300
Bur.Ced.R.&No, Sd w k Au;
Fulton,.............
1,440,813
3,335,922
473,200 14,958,100
14,352,900
Chemical...........
Canad’n Pacific 4th wk Aug 169.000
1,458,449 Merchants’ Ex..
281,700
3.134.300
1,594,300
481.000
3.415.500
171,800
Central o f G a ... J u l y . . . . . .
777,200
124.000 2.503.700
735.288 Gallatin Nat....
4.643.500
I 799,130
120,333
Central Iowa..... A u g u st...
61.500 1,594,800 249,800
1.856.000
14,232,619 Butchers’& D r..
13,568,125
,023,000
45,000
1.098.000
87.000
Central Pacific. J u ly .......
1.030.000
1,715,906
Mechanics’ & Tr
2,132,067
335,208
2,600
985,000
143,700
1.051,600
Cbesap. & Ohio. Ju ly .........
5,382.704 4,993,148 Greenwich..
533,500
230,037
312.400 2.395.600
3.085.000
Chicago & Alton 4th wkAu
Leather
Man’i
’s
10,780,621
13,229,908
16,400
1.088.000
133.400
1,824,705
1,106,700
Seventh
Ward..
Chic, Bur. & Q .. J u ly ..
238.100 4.015.700
1,072,612 1,134,501 State of N. Y ...
8.818.500
46,878
Chic. & East. 111. 4th wkAu|
1.712.000 10,334,000
13.423,000
1.800,468 1,292,284 American Exch
61,187
Chic.& Gr.Trunlf W kAug.25
930.800
13380,400
1.855.800
12,147,354
16,503,800
14,370,000
Commerce.......
,
100,000
Chic. M il.& St.P. 4th w k Aug 638.000
316.000 4.276.000
5.750.900
145,512,815 14,886,798 Broadway........
569.100 6.838.100 701.000
6.601.900
Chic. & North w. 4th wk Aug 997.100
Mercantile.......
3,010,823
!
3,263,599
2458.600
147.400
2,444,200
Ch.St.P.Miu.&O. 4th wkAug 178.000
Pacific..............
908,680
216.000
!
962,674
228.500 2.998.600
30,872
4.729.400
Republic.........
Chic. & W .Micli. 3d w k Aug
353.900 3.976.400 - 45,000
1,512,317 1,569,318 Chatham.........
3,592,800
56,404
Cin.Ind.St.L.&C. 3d wk Aug
5,400
130.200 1,. 09,200
1,403,535 People’s..........
1,477,'00
1,384,432
228,358
Cincinnati South J u ly ..
420,800 3.321.400
2.992.500
910,165 North America
1,036,385
40,313
»0,000
Cin.W ash.&Balt 1st w k A u g
9,445,900
1.138.800
8.732.900
317.603 Hanover .........
345,693
17,454
439.100 2,815,500 887,000
•2,8 <3,500
Clev.Akron& Col 4thw kA u g
1,874,463 1,871,190 [rving..............
507.000 8.478.300 2,185,200
329,156
12.H06.600
C lev.Col.C.& lnd June
Metropolitan..
269,400
202.500 2.409.100
2.3
9,200
32,444
Connotton V a l.. July.
110,244 Citizens’ . . .......
191,600 2.466.300
2.394.100
1-20,450
19,974
22,648
Nassau............
Danhury & Ncfr. J u ly .
150.100 2,460,4(10 433.800
4,167,599 Market............
2.887.300
4,178,500
213,70u
193.100
D en v. & B io Gr. 4thw kA ug
51,200 1.856.000
2.270.600
482,600
3t. Nicholas—
34.500
203.000 3.365.000
Denv.& R.Gr.W. 4thw kA ug
2.691.000
216,511 Shoe &.Leather
184,426
8,682
198.000 3.514.000
4.533.900
Des Mo.& Ft. D. 3d w k Aug
Corn
Exchange
979,502
954,788
273.000 6.475.400
30,610
5.776.000
JDet. Bant & No.. 3d w k Aug
659,363 Continental...
014,457
278.900 1.800.600
2.023.300
20,681
Dub. & Sioux C. 3d w k Aug
203.000 4.016.000 270.000
2,276,695 2,111 190 Oriental.......‘.
3.699.000
Marine.............
E astern s........ 3 wks Aug 304.301
1,112,900i 22.200,700 1,827.400
19.130.400
1,833,659 Importers’ & Tr.
2,374,636
226,562
E.Tenn.Va.&Ga. 3 wks AWg
45.000
---------- Hi 22,767,100,
13,670,00;'
251,137
380,062
Park ................
63.435
1,784,500
' Eliz. Lex. & B.S. J u ly .------1.842.000
Wall St. Nat......
83,753
1,487,<'00
1.531.000
Evans v. & T. II. A ugust—
North
River.
—
1,308,712
1,578,503
883,100! 223,700
46.457
. 1,171,800
Flint & P. Morcf. 3d w k Aug
247,855 Bast R iver.......
360.000
250,828
16,528,50
16.144.500
8.284
Fourth Nat’nal.,
Flor. Cent. & W. 3d w k Aug
297.000
7.902.000
246,747 Central
295,522
7.460.000
6,850
Nat....... !
Flor. Tr. & Pen. 2d wk Aug
3.795.000
3.316.000
8,000
Second
Nation’l
Ft.W. & Denver. 2d. wk Aug
600’,0!)0
5.654.000
5.958.600
10,244,157
Ninth National.!
227,200
15,127,800
Grand Trunk...- Wk Aug.2o 349,460 337,559 11,086,704
14,800,600
237,184 First National..
249,145
11,204
11,074
4.897.700
4.696.100
Gr.Bay W.&St.l’. 4th wkAug
Third
National.
679,883
870.000
97,964 1,149,117
1.119.800
1.4
5',700
GulfCol&San.Fe 3 wks Aug. 146,16“
Nat. Exch.
1.826.800 $25,000
84,792 1,611,319 1,397,000 N.Y.
2.002.700
91,750
Hannihal&St.Jt -ithwkAug
Bowery Nat’na).,
180.000
1,962,100
143,671 N.
1.699.600
169,611
21,343
24,116
York
County.
Hous.E.&W.Tex July
2,162,800
2.421.900
4,267,959
Illinois Cen.(111.) 3d w k Aug 169,700 175,524 4,010,881 1,152,271 Gorm’nAm’c’n..
45.000
5.817.200
4,'<60.900
34.573 1,131,473
Chase National.
38,200
2,078.400
Do
(Iowa) 3d w k Aug
2.002.700
59,215 2,379,302 1,956,650 Fifth Avenue...
68,600
2.010.000
1
754,200
Do So. D iv .3 d w k Aug
German
Exch.
.
2.034.700
78,476 1,924,843 1,634,601
88,563
1.761.700
Ind.Bloom .& W .;4th w kA ug
Germania.........
449,8
5,‘ 31,000
29,586
5,185,500
39,718
K.C.Ft. S. & Gull ¡2d w k Aug
U. S. Nat..........
1.820.200 , 45.0
603,127 Lincoln
1,580,400
852,674
157,723 137,440
Nat......
K . C. Law. & So. July
180,0
624,300
780,600
65,142
63,729
Garfield Nat .* .
L. Erie & West’-n 4th wkAug
236’, 152
294,077
14,795
16,593
L. R. &Ft.Sunth 2 wks Aug,
61.162.700 325,880,600 59,951,200l25.20:,800l315.739,900l 15,636,300
142,856
215,660
Total...
9,078
11,298
L .R k.M .R iv.<&T. 2 wks Aug.
89,217 1,829,691 1,688.881
95,191
L ong I s la n d .... 4thw kA ug
The deviations from returns of previous week are as follows:
208,600
301,300
34,592
50,980
La. & Mo. River. June
'IiOuisv.&Nashv. 4thw kA ug 415,590 352,826 8,745,583 7,915,804 L O » . » * « ! » » » . » . . . . ! » « , » » g 1
769,171
514,509
39,113
39,11"
M ar.Hough.&O. 3d w k Aug
104,2001
622,139 Lelafteüiërà: ::::: : : : : : : uec.
728,709
26,152 • 21,396
Memp. & Chari. 3d w k Au:
1,003.896
The following ar« the totals for three weeks :
27,411
M exican C ent.. 2d w k Au;
165,920
Specie. L. Tenders. Deposits. Circulation. A q^.Clear.
6,436
D o N o.Iliv 3d w k Aug
Loans.
477,769
12,430
M exican N at’l .. 3d wk Aui
1883.
*
*
26 549.500 323,623,200. 15,545,000 862.805,268
54
8,324
643,350
61,236,700
23,403
32,150
Aug.
18....329,449,700
Mil. L.S11.& West 4thwkAuj
25,312,000 317.277.900 15.613.600 63W,7<h,6,2
678,814
785,749
142.293 128,875
“ 25....327,595,600 59,829,300 25,207.800 315.739.900 15,636.300 645,021,046M inn.<&St.Louis J u n e .......
59,951.200
4,858,325
5,830,811
326,289
Sept.
1......325,889.600
351.441
Missouri Pacific. 4thwkAuj
533,663
910,912
38,584
60,221
Central B r’ch. 4th wkAu,
Boston Banks.— Following are the totals of the Boston banks:
Int. & Gt. N o ., 4th wkAuj^ 115,791 124,592 2,333,975 2,012,234
rj0ans.
Specie. L. Tenders. Deposits.* Circulation. Agg.Clear
3,755,083
Mo. Kan. & T.. 4th wkAug 256,925 250,660 4,618,499 4,422,803
Ï
1883.
Bt.L.Ir.iVIt.&S. 4th wkAug 265,038 255,285 4.812,000 2,964,792
4,382,500 86,084,900 28,815,700 64.528 367
5,279,900
145,637,100
4.360,400 86.055,600 28,078.900 53.245.196
Tex. & Pacific. 4thw kA ug 196,235 165,349 3,920,853 18,546,901 Aug.20..
“ 27.. 144,268,400 5,210,800
22,427,050
1,160,759
84,329,100 27,803.300 49,902.45a
1,245,654
4,213.300
W hole System 4th wkAuj
3.. 143,730,900 5.173,100
157,950 137,475 1,256,605 1,151,596 Sept.
M obile & O hio.. A u g u st...
Including the item “ due to other banks.”
1,167,818
1,297,457
186,495
195,468
Nasli.Ch.&St.L. J u ly .........
309,288 298,441 1,937,886 1,830,923
P h ila d e lp h ia B a n k s .— T h e totals of the Philadelphia banka
N. Y .& N .E n g l’d J u l y . . . . . . .
376,630
554,684
68,022
89,189
N. Y . Sifsq. & W. Ju ly ...........
Norfolk & West- 28 dys Aug 204,896 179,562 1,633,518 1,396,056 are as follows: Loans. Lawful Money. Deposits. Circulation. Agg. Clear
56,204
90,169
&
Shenandoah V A u g u st.:..
60,409,491
1883.
9.288,787
68.828,8(6
474,524 484,534 3,419,133 3,072,245
17,394.311
Northern C ent.. J u ly..........
79.142.446
53.1 63,804
9.265.673
5,347,754 4,080,599 Aug.li')......
67.660.100
16.842.9 j3
234,585
78,542,162
Northern Paci fi c 4th wkAug 368.500
“
27......
51,160,157
9,273,851
68,049,173
17,452,503
(7,756.113
54,800
58,100
Ogdensb.&L.Ch. June.........
Sept. 3—
627,572
683,191
36,866
38,158
Ohio Central— 4th wkAug
Unlisted
Seejirities
—
Following
are
quoted
at
38
New
Street :
230,969
262,167
8,601
11,301
Ohio Southern.. 4thw kA ug
Bid. Asked
Bid. Asked
436,21':
79,5?3
Oregon & Cal— Ju ne..
North
Pac.
div.
bonds.
93
358,217 288,696 1,817,619 1,518,562 Am. B a ilw ’y I m p .C o Oregon Im p. Co. Ju n e.. . . . .
92%
No.Rlv.Oonst.—lOOp.c 90
2,785,148 2,726,299
E x bonds and stock..........
Oregon R.&N.Co Ju ly ........... 461,350 432,327 23,483,529
3
N. J. & N . Y . . . . ...........
1%
26,799,997 Atl. & Pac.—6s, 1st..............
Pennsylvania .. Ju ly ........... 4,130.050 4,149,150
41
Ohio
G.—
R
iv.
Div.
1st.
39%
487,594
423,725
19,215
16,699
In co m e s...............
Peo. Dec. & Eve. 3d w k Aug
6
I n c o m e s .....___ . . . .
5%
2,102,370
117
Blocks 35 per cen t.. 108
Philadelp.&Erie Ju ly ........... 329,032 377,206 2,272,270 11,557,955
Oregon Sh. Line deliv
95
Cent. B r a n c h ....... 87
phila'. & B ead.* Ju ly ........... 2,979,094 2,026,459 13,944,954
28%
ered when issu ed.. . . 25
A ccum ’ d I ’d g r th d s . . . .
D o 0. & Iron J u ly — . . . 1,439,747 1,422,331 8,611,554 7,694,724
Subs. 90 p. c ............ ...... 116
151,500 2,185,388 2,051,598 Am. Safe Deposit per
t49,500
B ichm .& D anv.. 3d wk Aug
Bubs, ex-bd. & s tk ... 44
394,185
462,737
17,592
18,340
petual deh’ ure bds.100
Ch’lCol.& Aug. 3d wk Aug
20* *
Pensac.
& A t l . . . . . . . ...........
388,902
421,538
17,146
17,698
Bost.H.& E.—New st’k
%
Columb. & Gr. 3d w k Aug
73
1st m ort . . ..... .......... 694s
946.593 - 822,438
tl7,255
125.284
Va. M idland.. 3d w k Aug
O ld................ ^
19
Pitts.
<
fc
W
estern...................
123,696
190,686
13,150
t5,162
Buff. N. Y . & P h ila ... - —
W est No. Car. 3d W k A u g
1st m o rt............................ 141,956 148,287
•••••* ••••
Borne Wat.-& Og Ju ly.........
Rioh.&DlExt.
subs.70i£
48%
83,361
92,260
22,7421 18,415
C h ic & A t l—S tk.. . . . . 16
St Johns& L.Ch. M ay.........
90
Roch.&Pitts. cons.,1st 90
853,175
839,931
37,030
28,744
do beneficiary stk ............
St. L .A lt. <fe T.H. 3d wk Au
R utland R R .................
518,121
496,65
19,526
17,960
D o (brchs.) 3d w k Aug
1st m ort.........- - •................
P
re
f......................
.
.
.
227.828
237,068
8,861
Contin’
t’ICons.—
85p.c.
.
.
.
.
10,011
St. Louie & Cairo 3d w k Aug
St. Jo. & West.......................
Chic.&Can.South. ----- l 7s
St.L.&San Fran. 4th wkAug 133,839 139,813 2,346.512 2,214,099
St. Jo. & Pacific 1st. . . . .
621,771 D en.& R.G.B’ y -C o n s . 76
»02,647
79
34,856
44,142
St. Paul & D u l.. 4th wkA ug
do
do
2 d ..............
5,28 6,0S9 Denver Rio. G. & W est 10
1712
St. P. Miun.&M. 4th wkAug 187,000 228,680 5,154,486
Kans. & Neb., 1st.............
306,285
327,455
83,6171
88,652
1st
m
ort...........**■
So. Pac.Cal. N.D A p ril.........
do
do
2
d ...
1,358,784 1,338,331 Denver & N. Orleans..........
D o So.. Div. { A p r il......... 364,689 369.816'
Tex.&Col.Im p.—60p.o . . . .
909,341
802,448
214,742 248,644
Subsidy s c r i p ............... .
D o Arizona i- A pril.........
e
x
-b
d
.....................
.... 8
224,030 Edison Elec. Light—
250,412
250
74,726
64,85"“
D o N. M exJ. A p ril.........
Tt-x. & St. L ............ .............
285,961
289,944
45,462
81
47,526
Ga.
Pac.
R’y
.ls
t
m
-Scioto V a lle y ... J u ly ...........
1st
m
ort.,M
.&A.div..........
646,783 Gal. Har. & S. A n t ....
708,309
68,461
75,044
South'C arolina. J u ly ...........
Incom es
d o ................ ...
72,000 I. B. & W. inc. bd s----- 4 2 '
80,975
46
Tol.A n Ar.A G.T. J u n e ....... S u b s .---..-................
29,781
48,000
Tol. Cin. & St. L. 4th w kA ug
16 *
ex-bon
ds..............
14
18,850,224
18,332,960
n
i
,
2,770,000
U n ion .P acific... A u g u st... 2,652,000
bonds in T exas— ............
774,543 M exican Bonds—3 p.c.
574,480
79Ì829 131,237
Utah C en tral. . . J u n e .......
gra’
t&
in
c.bd
sin
T
ex
----241,538
262,286
26,633
4 78
29,304
Mexican. Nat........ .
V icksb’rg& Men. July.........
Texas Pae. inc. scrip..........
39
38
1st m o r t .....- - .
Wab.St.L.& P . .. 4thw kA ug 634,546 625.571
U. S. Elec. Light(x-d.) ----580,128 Mich.&O.—
656,005
100
i78,147 164,888
Subs.8o p.c
W est J ersey . . . . J u ly .........
4%
Vicksh’ g & Meridian... 3
15
%
M.
U.St’kTrust
C
erts..
26.28.
Wisconsin Cent. 3d w k A n
P r e f . . . . ..............................
N. Y. W.Sh.&Buff.—Stk
1st m ort............................
101
*Since June 1st in 1883 includes earnings o f Cent. :
o f New Jersey.
35
del.wh.iss.on old sub 29
2d m o r t ..................I.....................
Freight earnings.
1 d e lu d e d in Central R aeiA ® S m n i n 1882
74
5s
Includes Maine C ent.dividend o f $54,34o in 1883 and $36,230 m 1882.
Latest Bantings Reported.
Roads.
Jan. 1 to Latest Dale.
1882.
Se pte m b ee 8, 1883.
THE [CHRONICLE
265
the condition of the Pennsylvania Railroad’s earnings in June
and July, when the net receipts were less encouraging.
AN©
If there is depression in business for any length o f time,
ST A T E , C IT Y A N D CO RPOR ATIO N FIN AN CES.
there should also be a moderate decrease in passenger
earnings, which usually fall off in such periods. According
The I nvestors’ Supplement contains a complete exhibit o f the
to the statistics in Poor’s Manual the total passenger
F u n d ed Debt o f States and Cities and o f the Stocks and Bonds
earnings
of
railroads
in
the
United
States
were
o f R ailroads and other Companies. I t is published on the
$124,637,290
in 1878, against $140,999,081
in
1§74
a
last Saturday o f every other month—viz., February, A p ril,
decrease of about $16,000,000 after four years of business de
June, August, October and December, and is furnished w ith
pression, although there were nearly 10,000 miles more of road
ou t extra charge to all regular subscribers o f the Chronicle.
operated in 1878 than in 1874. The passenger-earnings and the
S ingle copies are sold at $2 p e r copy.
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 :
in the numbers of January 20 and May 26 showing the amount
Miles
'
Passenger
Total Gross
Operated.
Earnings.
Earnings.
v o f money loaned out oa stock and bond collaterals by the Trust 1872 ................................ 57,323
$132,3091270
$165,241,055
66,237
137,384,427
companies and Life Insurance companies in New York City. 1873 ....
526,419,935
1874 ......
69,273
140,999.081
520,466,016
The P ublic now has an article on the same subject, presenting 1875 ................................ 71,759
139,105,27L
503,065,505
1876 ................................ 73,508
136.120,583
497,257.959'
the figures of the Trust companies up to July 1, 1883. The 1877
................................7 4 ,1 1 2
125,204.724
472,909,272
78,960
124,637,290
conclusions are substantially these: Loans on stock and bond 1378...........
490;103,351
82,223
142,336,191
1879........
525,620,577
collaterals Jan. 1, 1883, by National banks in New York City, 1 8 8 0 ..........................
84,225
347,653 003
615,266,730
94,486
173.356!642
703,290,151
$90,000,000; by five leading Insurance companies, $45,000,000. 1881 .........................
1882 ........
107.158
202,140,775
770,956,762
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 hanks and Insurance companies,
many cases had a good surplus ; that the general business o f
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. Tljis is all true, and should receive full
small, as the Trust companies (which make reports to July 1)
consideration, and there is no probability that railroad earn
have largely increased their loans. The seven principal com
ings are going to fall off rapidly, nor is there any reason to
panies showed their loans pn 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 OP SEVEN TRUST COMPANIES.
entitled to a fair weight in forming an estimate of railroad
Trust C om p a n iesJuly 1 , 1877. Jan. 1, 1883. July 1,1 883 .
prospects in the immediate future.
$ m r e s tr a im ls
U nited States.....................$7,457,316
ÍJnion.................................. 4,295,267
Farm ers Loan and T r . ... 2,880,510
’Central................................ 1,063,415
M e r c a n tile ......................
627,900
N ew Y ork L ife and T r ...
610,027
B r o o k ly n ...........................
760,060
20 $29,503,698 33 $34,150,361
28 15,467,338 33 18,117,992
00 10,665,286 12 14,357,033
15
7,587,923 93
8,878,190
49
4,832,467 46
8,974,426
50
8,176,458 75
4,892,415
00
3,473,700 00 * 4,404,900
92
50
9fi
28
16
88
00
T o ta l.. . ........ . . . . . . . .$17,694,496 62 $79,706,872 92 $93,773,320 70
ANNUAL
REPORTS.
Southern Pacific Railroad.
(For the yea r ending Dec. 31,1882.)
The annual report for the year 1882 is just out, and as a
matter of 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
stock and bond holders.
;
The President’s report says: “ Referring to the statement o f
profit and_ loss account, it will be observed that the amount o f
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 power— in 1880—they arbitrarily assessed the
railroad and equipment at double 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
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^
taxes on such assessed values, and hence the suit by the County
of San Mated (with which all of you are doubtless familiar),
and which is now pending in the United States Supreme Court
as a test case.” * * *
“ Mention was made in the last annual report of the com
mencement of work on the Mojave (or 35th parallel) line, and
we have now to report the completion of that section of road to
the Colorado River, 242 507 miles, on April 19 last,.where it is
awaiting connection with the Atlantic & Pacific Railroad 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 wa3
is also the 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 reduction of rates. In September, 1882, Southern States.
there were but two routes between the Mississippi River and
“ This connection, besides opening up a large trade between
th e Pacific Ocean, while in September, 1883, there are five dif the Pacific Coast and the Southern States, promises to the com
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
A t the close of 1882 the company had the following lines:
earnings of the Erie Road for several months past, nothing Northern Division—
M iles.
San Francisco to Tree Pinos ....... ................................ . . . ; .......... 100*49i
having been given out since the earnings for April, and the
Carnadero to Soledad..................................................
60*40
M onteiey R R . (le a s e d ) .....,......................
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 D iv is io n ....................................................
. 176*q ;i
It is possible that railroad earnings may show a moderate
percentage of decrease in the next few months when compared
with the corresponding months in 1882. There are several cir
cumstances which contribute to make such a 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 1882, when the crop of winter
wheat was a large item in the tonnage of cereal produce car
ried 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 m arket; but new
corn cannot move forward in 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
autumn of 1882, should result in a diminished movement of
materials and workmen. The Erie canal, under the free toll
system, is also taking a larger tonnage, and since its opening on
May 14 has carried 3,170,631 tons, against 2,773,832 tons in the
same time last year, an increase of 396,799 tons, of which
increase about 24,000 tons was wheat— equivalent to 8,000,000
bushels.
THE CHRONICLE
‘266
Southern Division—
H uron (via Goshen) to west bank o f the Colorado R iver 528'oR
B oa Angeles to San P ed ro-----— ................... ................... 24:65
M ojave eastward— . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . r . .. 131*0$
fVoL
XXXV II.
GENERAL INVESTMENT NEWS.
684*29
T o ta l............. .................................................................................. 860-30
The Northern Division is worked by the company. The
Southern Division is leased to the Central Pacific Co., and
w ork ed 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, 176 miles, were as
Atchison Topeka & Santa Fe.— The earnings and expenses*
for July, and for the seven months in 1882 and 1883,„have
been as follow s:
,-------------- July.— -----------s r-Jan. to July, 7 mos.—v
1883.
- 3 882
1883;
188g.
Miles o f road operated
1,820
1,820
1,820
1,812 Gross earnings............ $1,167,987 $1,117,002 $7,842,029 $7,954,352.
Operating expenses
(exclusive of taxes)
486,090
618,900
3,776,317
5,078,474
Net earnings.........
$681,897
$198,102
$4,065,712
$2,375,878
Bankers’ & Merchants’ Telegraph Co.— The New York
follows ;
1882.
1831.
Times says : “ The amalgamation of the Bankers & Merchants’ ,
Freight............................................................$672,295 _
$628,8o8 the Southern and the American Rapid telegraph companies,
P assen gers.........................................................
531,241
if the present plan is carried out, will be completed this week.
E x p r e s s . ....... ....... ............................ - ...........
13,768
12,822 The Fame persons who control the Bankers’ & Merchants’ and
M isce lla n e o u s.................. ..........- — .............
27,584
28,492 the Southern have arranged to purchase a majority of the
stock of the Rapid. Nothing remains to be done bub to transfer
$1,158,015 the stock to the persons who have bargained for it. A gentle
'T o t a l ........................................................... $ i , 257,399
587,125
E x p e n s e s ................................................ i . . . . .
014,891
man who took part in the transaction said that a majority of
the stock of both the Bankers’ & Merchants’ and the Southern,
Net earnin gs:..................................
$642,508
$570,890 which now operate as one system, was lodged in the name of
“ The earnings of the Southern Division, leased tp the Cen Mr. A. W . Dimock, the President of the former company. The
intention was to put the majority of the stock of the Rapid
tral Pacific Company, are reported by the lessee as follows :
about to be purchased in Mr. Dimock’s hands also. In that
E arnings.............................. ............................... ......................... - - way the consolidation o f the three companies would be practi
cal, although not actual. The reason the three companies were
N et earnings...................... ........................ ......................... ..$1
fl
not merged in one, under a single name, was that the laws of
B en ta l paid.......................- ........... ................................- .................. 1,666,6 .>6
some States through which the lines passed did not permit the
P r o fitto lessee............................................................. .............. $239,749 consolidation or leasing of competing lines.”
The income account may be condensed as follows:
Clieasapenke & Ohio.— The earnings and expenses for the
N et earnings Northern D ivision...................... ............................. $642,507
R ental Southern D ivision.................... ..................- ...................... 1,068,666
Earnings account o f contract with Wells, Fargo & C o............
159,000
T o ta l................... .............................................. ........................ $2,468,173
General and legal expenses.......................
$161,864
TarCs and street assessments................... ........... ....... 32 ',988
Interest p aid ..................................- ................................ 1,712,434
Sinking fu n d .......................
100.000
Sandrv accounts...................... - ......................................
7,518
*■ R j
'
- 2,308,804
Surplus ior the year........................ .............. ........................
Balance, Jan. 1 ,1 882 ......................................................................
R edem ption o f bonds, from land sales, &e.......... .......................
503,462
5Jo,ouo
Balance, Jan. 1 ,1 8 8 3 ............................................... ........... ,$1,257,832
“ The Land Agent reports sales of 103,538 acres during the
year for $494,933. Up to Dec. 31 last the total land grant
•earned was 10,445,227 acres, and patents had been received for
1,145,004 acres, all in California. Total sales to that date had
been 557,670 acres. The total cash receipts for the year were
$432,783 03, making the total receipts to its close on land
accounts $1,895,422. The amount paid over to the trustees
under the mortgage was $387,968, and they redeemed during
the year $595,000 bonds at a total cost of $603,214.
“ The general account is as follows :
SOUTHERN PACIFrC BALANCE SHEET, DEC. 31. 1882.
S tock ....................
.$10,363,900 R oad and p rop ’y accts.$71,653,760
105,485
Funded d ebt................. 30,888,000 Materials and fu el.......
Central Pac. R R. Co. 3,317,266
Band trust fu n d ................................. 91,165
516,833
Central Pac. R. R . Co. 2,247,3 24 Sundry accts. rec’able.
Casb in bands o f Treas.
4,936
Sundry accounts................................ 650,059
P rofit and loss............
1,257,332
Sinking fu n d ..... ...........
100,000
T o t a l.... .....................$75,598,280
T o ta l............................ $75,598,280
month of July 1882 and 18S3 were as follows :
1882.
Earnings......................
$116,787
E x p e n se s.......-'............................. 209,584
1883.
$335,208
207,573
| Net earnings...............................$107,293
$127,635
Inc. $3 8,421
Dee.2,011
Inc. $20,432
.Chicago B urlington & (Quincy.— The earnings and expenses
of the Chicago Burlington & Quincy and the Burlington & Mis
souri River RR. in Nebraska for the month of July, and the
seven months, of the years 1883 and 1882 were as follows::
Mail <&
Gross .
,
Net.
July. Pass'gcr. Freight. MisccU’s.
E arn’gs. Expenses. Earnings-,
188s.. 459,980 1,218,951 145,773 $1,82 1,705 $1,039,750 $784,954
1882.'. 392,054 1,143,315 89,636
1,625,006
873,820
751,186I n c ...
67,928
75,636 56,137
$199,699 $165,930
$33,768'
7 mos . Jan. 1 to Jnlv 31,
1883.. 3,757,375 9,780,809 691,723 $13,229.908 $7,063,407 $6,165,501
1882.. 2,340,906 7,873,968 565,747 10,789,623 6,138.923 4,641,699
I n c ...
41 6,4691,906,841 125,976
$2,449,236
$924,484 $1,524,802
Denver & R io Grande.— The following statement is made*
for the half year ending June 30 la s t:
Gross earnings................. ............................ ............... ....... ...........$ 3 ,371 ,000
Expenses (64-58 per cen t).............. - ............................................. 2,177,000
Net earnings...................................... .......................................$1,194,000
R eceived on other accou n ts..........................................................
115,000
Total in com e......... ....................................................... ............ $1,309,000
Interest, taxes, &c., paid ior six m onths.................................... 1,144,240
Surplus................................. — . .........—............................ .
$161,760
The principal of the rolling-stock trusts maturing was
The large amount debited to the Central Pacific is held in $220,000, showing an excess of payments of $55,240 for the
suspense, pending a decision in the suit of San Joaquin County half-year.
against the Central Pacific and others.
Elizabethtown Lexington & B ig Sandy.— Earnings and
expenses for the month of July, 1882 and 1883, were as follows:
Connecticut & Passmnpsic Railroad.
{For the year ending June 30,1883.)
The annual report, just issued, shows net earnings for the
year ending June 30, 1883, of $270,969, against $303,844 last
year.
The income account is given as follows :
«, Net e a r n i n g s ............ ............................................................... $270,969
Surplus from previous y e a r...............................................................
48,677
$319,646
in te re st and 6 per cent dividends..................................................... 314,029
Surplus June 3 0 ,1 3 8 3 ............................................................ ........
$5,616
I ‘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
account or creating a floating debt, has been pursued, and there
have been laid within the 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 GF.OSS AND NET EARNINGS FOR FIVE TEARS.
Receipts fo r
Passengers.
18 7 8 -7 9 ...................$1 94,2 7«
T 8 7 9 -S 0 -... ......... 228,463
1 8 8 0 - 8 1 .....
242,646
1 8 8 1 - 8 2 . . . . ..... 279,289
1 8 8 2 - 8 3 ._. . . . . 309,940
Receipts fo r
freights.
$294,477
365,747
444,016
478.446
478,907
Gross Receipts,
inc. Express,
Net
Mails, etc.
Earnings.
$514,142
657,547
774,146
851,748
884,851
$219,694
226,139
311,164
303,814
270,969
1882,
Earnings..............................
E x p e n s e s .........................................
31,441
Net earnings....... ........................ $20,224
. 1883;
$ 5 l,6 b 5 $63,434
34,311
$29,123
Inc. $11,769
In c. 2,370
In c. $8,899
EYsinsville City Bonds.— A conference was held between
some 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 Building, to consider the
redaction of the rate of interest. The attendance was small.
The Times says: “ An effort was made to have the bondholder»
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 city committee will make no furthre
effort to compromise the debt, and will start this week *to their
home.”
Lake Erie & W estern.— 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 earn—
ins 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, $268,761; freight, $S43,273; mail, express, &c.; $96,339; total,.
$1,208,374. Operating expenses— maintenance of way, $335,686; rolling stock, $119,395; transportation, $507.442^ miscella
neous and taxes, $99,291; total, $1,061,816.
Net earning».
S e p t e m b e r 8 , 1883.1
THE CHRONICLE.
§146,558; interest on the funded debt, §208,890; other m v
ments, §24,333; total payments, §233,223.
F ■*
M a y ............ ....................
$87,722
9 8 ,9 81
June 1 st w e e k ... ....'______ _____
2 3 ,3 7_
8
June 2d w e e k ....______
2 Ï’«5 Ï
J u ly ..
. ................... ; Ä
!
August 1st w eek ..................... 2 4 ,0 a l
August 2d Aveek....................
28,706
August 3d w eek.................... 32,309
$394,661
Act
S tte°said ?f b°nhd^of°the Terminal ^
assurances in th eiaV of th e °li?rfff??88'1 a(ncl lease’ as further
nai Co. directly g S ^ S f f l a A § * m t t g W . o U U Termiand franchises of the three c o r D o r e tS I a
i’ r(lPe!'ties
Weehawken terminal properties and ferri^5°rmer ^ ownm£ £l19
o „.
GROSS EARNING?.
1883.
holders of the sai i
receive the full benefit
|
1 R
.
“
a
o p d t k e .’ *
Total liabilities... .$15,904,038
the
above
T Since
,
. P
, tT ,date, , March
I 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 Au°\ 21
(excepting the weeks mentioned) have been S394 661 in 1883
« J 2 J 4 in the same period in 1882, as appears by t S
subjoined statem ent:
J
A p r il........ .
am »
The
GENERAL BALANCE SHEET, MARCH 31, 1883
Cost o f r o a d .. . ..............§14,723,985 gaPital s to ck .. . . . . . . . . $7,700,000
Cost o f rolling s to ck ...
842,776 Funded d ebt............
7 7 0 7 non
Cast of rolling stock in
Bills p ayable................
49 185
t r u s t . . . ........
140,000 Current accounts.........
262675
Materials and fu el.......
88,797 Other liabilities..........
14 o’o o o
Current accounts.........
48,076 Profit and loss..............
2 5 ’lW
Cask on hand................
60,401
Total assets.. — ..$15>904,038
267 %
188 2 .
$ 110,O ó6
9 4 ,4 8 4
2 3 ,8 7 8
2 6 ,3 5 7
105.8GG
2 5 ,7 4 7
4 1 ,2 5 6
3 7 ,5 7 0
$ 4 6 6 ,2 1 4
In c.
$ ......
4 ,4 9 7
RECEIPTS.
From
From
r io m
lErom
Dec.
$ 4 j4 9 7
70,553
conductors . .
...................
individuals, railroads’, ‘ ¿ 'c ......................
express com p an ies.. . , . .
General Host office department
9,501
733
25,07 9
T ota l..............
$ 2 2 ,3 3 4
500
4,706
27,953
1.746
12,550
5,261
1883.
. $240,210
Cash on band July 1
PISBURSEMENTS.
Vouchers subsequent to November 17, 1876 $ 2 '6 ,0 1 7
Remitted to pay coupons.
Pay-rolls..........................
......... * ... ........... 22.1000
147,403
Arrearages.......... .1111311.............. - ’ ................
443
Cash on band Aug. 1 ..........................................
T otal............
1882.
§ 2 4 3 ,4 5 4
3 / 6,385
9,574
63,133
1,291
25,031
Í72 3Ü 69
§322.8^7
2 3 1 ,3 4 6
133,322
814
35,527
§72 3,86 9.
Pennsylvania Alleghany & Shenango.— This new rai[road was formally opened to travel on Wednesday The road
exfcrnds from «.»«„„„in.. x._ -n _x,
uucouaJ-
Massaehusetts C e n tr a l.-T h e Massachusetts Central Rail,
•i
on , ,
Greenville to Butler, a distance of fifty-eight
road property was sold Sept. 1 at public auction for §590,000 to
ias branches to the coal mines, which, with the main
Samuel N . Aldrich, President of the road, who purchased it in miles, and has
a
1
behalf of nine-tenths of the bondholders. Only one parly bid Butler
p° I t
o °f
eighty-five
w i atl
txtotal.
p .iT
J »o miles.
ume». It
it connects
connects at
at
Joutier with the
Pittsburg & Western and Butler & Karas City
against him, and that Avas Charles R. McLean, of e X S oh
railroads:
at,
witt,
aw
a
;
i City &
o.
A
i.
at
Mercer
with
the
Oil
Chicago
one o f the directors. The terms of sale required §20 000 to b“
paid down and the balance in 30 days. Nothing is yet known and at Oreenville with the Erie & Pittsburg and the°New^YoHc
relative to when the road will be re-opened. The portion of the Pennsylvania & Ohio railroads, forming a link of direct c o m between Philadelphia and Pittsburg, via Butler”
^ aS tbf road witb its franchise?, as the io ;1'
stock
disposed of
• -12.
- ’ -The pronertv
u
The Hon lJames
Greenville 1
isS the President of the
p
i P will
„XXI be uiaposeu
oi at auction -Sept.
I rn3>d~J>T:
“— ° T.
V Blair of wreenTn!e
laid o n X T n J Hh miles, ° f / ? f d* 50 railea of which bavePraiis pany h * 18 coatroJled
JA l d o n
and the cost of the same thus far has been over 1
7'
§5,000,000.
officers Pflnd h
l Ì
have been raad« in tke
n n ttb «
* 4 -of direj tors ot tbis railroad company, which
East Ter,np£^ V °^ .undern near 7 the same control as the
^ xr1
u- m Virg|ma & Georgia. William M. Farrington
of Memphis, Tenn ; J. H. Kershaw, of Philadelphia • T& w ’
Evans of^N ew Y ork; W . R. Ri80n, of H a n S e 7 ^ ^ A la
and
John S, Wilkes, of Pulaski, Penn., retired from the board
Their places were taken by Judge O. A. Lochran? of Atlanta
^ a^ X eÌl'/ ? aim-uel rd'bo.tnas’ Tb°mas Shethar, John T. Martin’
and Capt. Calvin S. Biice. Gen. Thomas took the place of Mr’
President Presideat’ and Mr. Baxter of Col. Sha?p as Vice-
the Pennsylvania Railroad Com.
h n r?Cp l S Cr J P ittsbu rg.— The line of the Rochester & Pitts
burg Railroad s system from Buffalo to Punxsutawney P«-nn
operation346Th7 ! *
bee" turned over to the company fdr
operation, lh e length is 294 miles. The Baltimore &Oh»V
Railroad Company has made surveys, and formed
to build a line from Mt. Pleasant^ Penn., a point
r“ adUto P n S ^ M/ '
> « Í Í S t 'Â Î K
E
S t0
t0 PUDXSUtaWQ8y
Punxsutawney to
PittJ.
bifrg’.
to connect
conQect with
with the
the Rochester
Rochester &
& PittsA circular issued by the company says: “ The gross earnino-a
y £ tbe .road for the month of May were §49,031.g Net earnings
about §12,000. JBL
lh e gross earnings for June were §55.499, and
S l onn eari if1gS aboSfc ^ 1 -000. "The earnings f o /7 u l7 about
§6o,000, and the net earnings about §25,000? As soon ^as th ?
tracks are cleared of several construction trains and additional
t
i s la n d .-T h is railroad wrs sold
S
'l 5 at ^ k s b u r g by the trustee of the bondholders under a?re?dy8offe?edCthed ^
iS reqT ed t0 handie tke business
foreclosure of a mortgage, and was purchased by J. B. Howes
p?r momh,” d’ h earnings caa be mcreased to about §100,000
of New York, for §27,000. It is believed that he represents thè
bondholders, who thus get a clear title.
«presents tne
& Pittsburg Railroad Company gives notice
that its Treasurer will receive sealed proposals for
teen hundred thousand dollars P^posals tor four-
w
Ì
w
T lS
S
0»
feaihber°Ï88S
3 " ï These
h ï* *
™
^emoer,
1883.
consolidated
first mortgage bonds am »
first
prnV 'e
a n dÔ'T
T îL„ ”—
the ^ 1 ° 'i;t P,it*sb“r* Luvision
D ™ o a “or tne
, comZm
®IRS • la compliance with your request we state nanv
a
t WdP
na
%
^Chester & Salamanca Division
KS ’ the
rm
eSi S UPw
for §i7 onnnnna l -POSltl0n of Ì*1®, mortgages for §2.500,000 and atter
present
outstanding mortgages. The mortgage is
for §1,000,000 given respectively by the Midland Terminal &
land dollars a m ile o f com; '
“
Ferry Company and the National Stock Yard Company?to thè m
h suT>lT fjr
t - ° - 8a -tl:Æ ? S " R * mi]e <
*
road,
H H B
.
onl^ o n e -b a lf th e actual cash cost o f th é
Central Trust Company of New York, and th e i? relltions to
civ.8 mo/ if a^.e *?adf. to the same Trust Company by the West b e r X f q X h dS aTx d a xed D ^cem ber 1» 1882, m ature D ecem Th
afc 6 p er cenfc per annum > June a n d
o f ^ b o n d s ' 0 lerminai Cv;)- to secure an issue of Ԥ12,000,000 Decem her
O n l ? C n ^ Sp ? 0rei& <Satairio Terminal ComPany (formerly the
Upen Cut & General Storehouse C om pany),theM idlandT erS n ? in J u i 7 i8 ° 8 ? Pa7 a dd- fhe National Stock Yard ComS d e è ana?? V f h f V ^
mto an agreement, providing that
23 l 8 s 7 t h ? S X ? f glS ature-of New Jersey, passed March
L- tbe latter two companies, with all their properly and
franchises, should become consolidated into the first-named
S T nm e n e ? r t 7 W eSt^ re * 0ata«o Terminal C ?^Ì ss/ ’tvìoJ 8f
Jast-named Terminal Company on July 13,
l o S t r S n e ^ a n T t i Ux b® 0Pened for all
a-?dthrough
-in business
September 15. oil
A 9 nei earmng8 at present are sufficient t<v
e i bpnd^ and 1118 expected that they will
d° ubl8d wben the road » opened for through
oav B I R L f
kA S
business
says°?fe S o 7 t0J n+L
& i>? ? e? sbar?- ' " The M ail and Express
Ktyo possession nfd4R
thafc ? efore .tbe .new management same
neo'otiaHono
f
rpad' sPecificatlons were prepared and
davsflfSr^as opened f ° r improved equipment, and within forty
m
rails 5neo
U contracts were made for 7,500 tons tff
Wesline-honso? fli g h t cars, and a complete equipment of
had befnhn?mb?«aA ei' „l w ®Qt3(-five hundred tons of steel rails
10 OOOtonfwH^ id -4eK°r/ durl1Ilgtlle year, and of this amount
will be laid before the first of November.” » * *
cent of tbT°ntl1 ° f
tbç operating expenses were 65 per
g ?SS eaLmn/ 3- , 0 f this amount §45,000 were for
the ?ercpntao° f rfoadbed and equipment. It is believed that
and E
i ge of A et earnings will be still further increased,
efdnfs aii fL road can be run for 66 per cent of its gross rec
CanP 8a i .h7 7 r r r°And fi om this time fortb- and that this
Caaquf et1“ further reduced to 60 per cent.” * * *
exaXra?pdUnt3Apf S 9 aecideuts a t Carlyon have been grossly
been^tpHl??’ 4 7 ^be cases of badly-injured persona have
to mufntled,‘ and for a very moderate amount. The damage
g x8t0/ 7 w asbu t §8,000, and it is estimated that the
entire cost of the accident to the road will not exceed $100,000.
hollowing is the statement of the earnings for July :
A
said m.ortgage to secure its §12,000,000 of bonds,
iesp ecH n ^h e H S , “
to remove any po’ssible doubts
i e f e r r i d f o ^ L f ^ n J offTltlle co? so1lldation‘ agreement above
con tain Pii iè , , at’ unde r th e u su a l clause of further assurance
E a X s q h m f l X v nSO ldati0n a^ reement, the other two cornsecure
nake-Se^ araf,e “ U s a g e s in their own names to
bonds
1°. }ndirec1fc!^ the said issue of §12,000,000 of
c o X fX flj?
*3 a S° I? anex?nd record direct transfers to the
“ W ?h fi? C0“ panF of all their properties and franchises,
moriv i
i n ? Je? S aforesaid, the §2,500,000 and §1,000,000
in t r iS g«nLi ^.ues.ti° D, were made to the Central Trust Company
of the said «H^noo noo^8! ? ^ ^
present and future holders
Terminal ^ 12mL0,000 ofxbond8of the West Shore & Ontario
ing’ morto-aèaa^886 mortgages are therefore merely ‘ supportdirect § 12goon nnn17enxfor greater caution and in aid of the
stance a s S a ?
5 and they are in form and sub
charters of s,idad^ ed a-9 pro? e.1i
sacb Purpose under the
franchises of th«
8‘ i ^ deed of alUthe properties and
1833.
o f i ¥ Sfc0.c.k Yard Co. and a perpetual lease of the Gross earnings. .......................... .. .$141,956
-E x p e n s e s ............................ .................. 9 0 ,2 7 8
fo
th^Termiimf
Co CforTb°f tbe ^eri7 oompany were also made
•
terminal Co. for the reasons above stated.
Net earnings...... .................
$51,678
1882.’
$148,287 D e c .. 6 ,3 3 0
114,078 D e o .2 3 ,8 0 0
$34,209 Inc.$ 17,64®
268
[Y ol. X X X ^ II.
tTHE''CHRONICLE.
‘ “ The passenger earnings show an increase for the month of
a>rnn i h e redaction in gross earnings is chiefly m freight on
S c h
was carried a year ago torn Oswego to Sn—
on
Bridge for the Delaware Lackawanna & Western road. This
coal now goes over the new road of the Delaware Lackawanna
& ^ s t e r f t o Buffalo. The profit on carrying this coal was
practically nothing, the rate being so low that nothing could
K made out of it. A o a r t of the decrease in gross earnings is
*lso due to the diminished carriage of iron ore, due to dulness
in the iron business.”
COMMERCIAL
EPITOME.
F r id a y N ig h t , Sept. 7,1883.
The weather has been quite cool. At a little distance to thenorth of this latitude the temperature has been so low as ta
cause frosts. Some injury is claimed to have been done to late
crops, and a smart impulse given to business in seasonable
merchandise. General trade is better, and the general tone of
Richmond & D a n v ille .-T h e following circular has been financial and mercantile circles much improved. An important
revival of the export demand for breadstuffs has taken place.
; issued to the stockholders of the Richmond
road Company : “ The undersigned, members of theboa.d ot
The following is a statement of the stocks of pleading articles
directors, comprising the executive committee, and
n jg of domestic and foreign merchandise at dates given :
- and representing more than a majority of the
the company, ask proxy for general
oldeM
W e shall oppose the proposed issue of additional sjt0®a’ J"
Moving that L e t s of company under v^ ^ % eX X e T r o w f n g
agement sufficient to protect and develop ^ J ^ a b l e f S g n f
properties W e propose to elect and confirm at this meeting
the following b oa?d b f directors to manage affairs until ^he
annual meeting in December n e x t: Seorge S. Scott. beorge l.
Seney, H. C. Fahnestock, Samuel E. Thomas, C. S. Brice, Georg
F . Barker, John McAnerney and William ?• C1y den eome
Signed— W . P. Clyde, George I. Seney, C. b. Brice, George
S. Scott, George F. Barker, executive committee.
1883.
Sept. 1.
16,480
P ork
....... , ...... ................... Mils.
560
B eei............ : ........ . ..tcs. and totals.
22,504
L a r d ..........
tcs.
18,094
T obacco, d om estic........ - ........hlids.
48,396
Tobacco, foreig n ...................... bales
139,080
Coffee, R io .. , ............................. bags
46,964
Coffee, o th e r .. . . . . . . . . . . . . . . . bags.
18,057
Coffee, Java, & c........................mats.
77,144
S u g a r ............ - ..........................libds.i
5,243
S ugar..................................- - -boxes.
685.472
S u g a r ................... . ......... - -bags, &c. ]
10,780
Molasses, foreig n ...................... nnas.
500
Molasses, dom estic.................... bbls.
101,700
H id es................... - - - - ............. - - -No.
106,092
C otton..................... "................ bales.
Rosin'..................................
[ttols.34,851
2,380
Spirits tu rpen tin e..................... bbls.
961
. .................
bbls.
13,500
R ice' e ! T7.7.7...,....... .........., - - -Lags.
T,650
Rice, dom estic........... bbls. and tcs.
4;690
Linseed................................. - -bags.
11,700
Saltpetre................... |...........
350
j u t e . . . . . . . . . . . . . .......................hales
83,650
Jute butts . . ...................... . - - -bales.
30.919
Manila hem p............................. bales.
29,200
Sisal hem p....... .., — • ........bales
Tennessee Funding Bonds.— A press dispatch from -^a8k
ville savs that up to Aug. 31 the Funding Board had receipted
for State bonds rained at $1 590,000 and toued m . 1m *
the amount of $900.000. Fully one-half of the amount re
•-ppived are railroad bonds, and the other half are State deb
proper bonds. The Controller says there is a misapprehension
on the part of the public with reference to the law pertaining
? ? the funding ofP the railroad bonds
The bolder of a
thousand-dollar bond imagines that when he comes to
^
funded under the present law he will receive only about $500
for it The Controller says the law does
t4ie ^ ar
interest from railroad boards, while it does deduct he war in
terest from State debt proper bonds. Hence,
holder receiving only about $500 for his railroad bond he re
ceived about $750. The law under which war interest ^ de
ducted from the State debt proper bonas provides that such
part of the debt as now bears interest at the rate of b per cent
per annum shall be funded by adding to the sum of the face
of the existing bond the matured interest thereon evidenced
bv the coupons attached thereto, including the coupons maturing 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
The lard market early in the weak was easy and irregular
with but a slight speculative interest, but latterly, on receipt ot
advices stating a probable injury to the corn crpp by cool
weather, speculation revived and prices were forced
There was a further improvement to-day and prime Western on
the spot closed at 8’65c. after selling at 8q 0@8 b0c.; October
options realized 8‘44@8*60c.; November, 8 25c.; seller the year
8 30c.; January, 8‘27@8,35c., closing firm; refined to the Con
tinent was quoted at 9e. 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 37^@$12 50.
» f^ fu H r
firm at 7%c. for city long clear. Beef , bams have tnrtner
annum.
declined but closed steady at $20@$21 for Western Beef dull
U n ion P a c ific — The Supreme Court of Massachusetts has and unsettled at $18 75@$19 50 for city extra Indian mess.
' dismissed the suit of the Union Pacific Railroad Company Tallow sells fairly at 7%@7 13-16c. and steanne is easy at 10^ cagainst the Credit Mobilier of America The case has been for prime and 9%o. for oleomargarine. Butter has been m fair
argued three times before the Court, the las« time being in export”1request and all fine grades are firmly quoted.
March The amount involved was $1,998,000-th e sum agreed ChPeese, however, has been forced down by freer receipts and &
upon as the basis of the settlement of accounts between the general hesitancy on the part of shippers ta operate at the re
two corporations, after the Credit Mobilier had finished building cent price of 11c*.; now the best factories are at l°/é@ 10/4c- ^
the road, and a further sum of $ 268,000 which was subsequently
R iPcoffee has been moderately active and steady at' 9 i @ 19®found to be due the Credit Mobilier. Mr. Dillon President of for fair cargoes, closing to-day however quite firm
10c_, options
have been more active at some advance, to-day No. 7 sold.
the Union Pacific, is reported as saying :
If any adverse
decision is made it will involve but a trifling eum to the com- at^8c for6 September; 8 05®810c. for October. 8-05®8;10c. for
■ p in y , inasmuch as an accounting is thereby ordered m which November, 8’10@8M5c. for December, 8*15@8-20c. for January,
the Union Pacific Co. claims that it has demands against the 8*25@8’30 for February and 8 40c. for March; mild grades have
Credit Mobilier which will counteract the demands of the been fairly active and firm. Tea has brought firm prices at
Mobilier against it. The Union Pacific Co. being the auction. ‘Spices have been fairly active and steady. Rice has
owne'r of° more thaL nine-tenths of the stock of the Credit been firmer, especially for domestic, which has been scarce and.
Mobilier, only a small amount will have to be paid by the Union quoted at 5%@7/4c. and even as high as 7/^c. in somes cases.
Foreign fruits have been dull and rather weak for dried, but
Pacific ,Co.”
firm for green, which have sold fairly. Raw sugar has sold
iH
y ir g in ia State Bonds—At Richmond, Sept. 4, a decision of freely at times, though prices were modified in order to stimu
m u c h i m p o r t a n c e was rendered by Judge Bond of the United
late business, 6%e. being accepted for fair refining; but to-day
States Circuit Court, concerning the State debt. After a deci- after a lull in trade for a few days the sales suddenly increased
lion was rendered by the United States Supreme Court last •?o 7 500 hhds.on the basis of 6 9-16c, for fair refining and
soring in the Virginia debt case, counsel for foreign bondhold 7 9-l6<a>75/8C. for 96-degrees test centrifugal, the market closing
e r s of London, through their attorneys m New York insti strong; refined closed very firm at an advance, with a better
tuted a number of suits in the Circuit Court of the United demand; crushed 9@9%c., cat loaf 9>éc
9@9/sC->
States in Va. to test the conclusions which counsel insisted that granulated 8 13-16@8^c. and standard A 8X@ 8/ác.
dedsion led to. Judge Bond decided these cases. He holds, S A lessened activity in Kentucky tobacco must be noted, bat
first, that a tender of coupons for taxes is a legal-tender, that all prices are firmly quoted at a slight advance to 6@6/ic. for
all consequences which flow from any other le^al tender flow lugs and 7@12c. for leaf. The sales for the week embrace 304
from this, and that this is the effect of the feupreme Court b id s r Of which 150 were for export. . In seed, leaf a better
decision ; second, that officers of the State will be enjoined business has been effected, and all prices remain firm. The
from levying on a taxpayer’s property after a tender of «jalea embrace 3,300 cases.
, ,
coupons has been made ; third, that as the questions in these
Naval stores have not developed any particular features, ex
suits depend upon the constitutionality of the State s legisla cept a slight improvement in spirits turpentine,, the
f
1
tion, the suits arise under the constitution and that circuit
courts of the United States have the jurisdiction of them, « S o ?b i l ^
ío
’wsin» ar|
without regard to the citizenship of the parties
Judge Bond^s
iurisdiction extends over the entire State. If his decision is
i o t 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 badal?advance’ early in the week, bat U M
#
S “ ttq Circuit Court; as heretofore the coupons .have been
and to-day the market opened at $1 08/2, declined to
refused by the State Treasury, bondholders have been forced to Si 07/4, and recovered to $1 08^4 bid.
- .. .
pay the taxes in money and subsequently recover judgment m
Ocean freight room has had quite an active week ; the move
court
The effect of the decision was to stipulate mqury for ment has been principally grain, though petroleum vessels have
Southern State securities and to advance their price Virginia received some attentidh. Berth rates are stronger, but charter
. consols rose 4 per cent from the price at the last sale, the tenroom, is unchanged.
forties 2M and the coupon bonds 7 per cent,
THE CHRONICLE
S eptem ber 8, 1883.]
C O T T O N .
T he Movement
op the
F riday. P. M.. September 7, 1883.
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 33,308
bales, against 22,971 bales last week, 11,365 bales the previous
week and 10,305 bales three weeks since; making the total
receipts since the 1st of September, 1883, 33,303 bales, against
33,743 bales for the same period of 1882, showing an
■decrease since September 1, 1883, of 465 bales.
Receipts at—
Sat.
•Galveston........
720
Indianola, &c.
....
N ew O rleans...
124
M obile................
101
F lo rid a .............. - . . . .
Savannah. . . . . .
1,175
Brunsw’k, &c.
C harleston. . . . .
549
Pt. R oyal, &c.
....
2
W ilm in gton . . . .
M oreh’d C.,&c
—
N orfolk............
84
West Point,& c
—
New Y o rk .........
10
B o s t o n ..............
....
B a ltim o re........
....
Philadelp’a, &c.
Mon.
Tues.
3,055
911
....
....
1,143
878
335
7
—
....
1,329 •1,385
991
....
240
....
87
....
35
....
___
....
561
....
125
....
74
Wed.
Thurs.
1,741
....
1,209
58
896
....
729
57
2,005
1,533
885
....
97
....
61
1,089
....
__
Fri.
Total.
2,302
735
941
77
89
1,599
9,625
735
5,024
635
89
9,026
1,159
125
135
15
632
249
5,234
125
759
15
1,429
249
207
31
13
112
2 6 0
to above exP°rt3, our telegrams to-night also give
thefcDorteUn a 3 d
are nrma J
?ot.fion on shipboard, not cleared, at
a<M S?^ 1,ar fl^ es for New York, which
L ^ ert% B r^ d & e T e ' ^
by Me8SrS‘ Care*
Yale &
On Shipboard, not cleared—for
Se pt . 7 , a t —
Great
! Other
B ritain. France. Foreign
New O rleans___
M o b ile ............ .
Charleston . . . . .
S avan nah..........
G alveston..........
Norfolk ..............
New Y o r k . . . . . .
Other p o rts .___
270
None.
Nonè.
Nonè.
None.
None.
3,500
2,000
2,468
None.
None.
None.
None.
None.
None.
None.
None.
None.
NoneNone:
1,100
None.
600
None.
Total 1883
5,770
2,463
Total 1882 . . . . .
Total 1 8 8 1 .......
11,002
38,894
511
1,540
Coastwise.
Total.
L eaving
Stock.
1,469
None.
500
300
1,362
1,864
None.
None.
4,206
None.
500
300
2,4 62
1,864
4,100
2,000
39,905
3,618
6,345
7,813
.16,114
9,612
96,326
16.713
1.700
5,494
15,432
196,446
700
2.055
9,490
4*806
21,703
47,295
'89,650
201,683
was fairly active at steadily advancing prices during the first
half of the week under review, crop accounts being unfavor
491
able and Liverpool having advanced. But on Wednesday a
_
higher opening was followed by a sharp decline, under sales
46
111
5
to realize profits from the late advance, and the growing con
9
22
....
....
viction that the “ bull” movement was at best a little prema
13
Q
9
101
ture. The comparatively free marketing of the new crop
Totals this week 2,765 7,215 3,996 6,169 4,969 8,194 33,308 upon stock already pretty full, kept September and the early
For comparison, we give the following table showing the week’s months from sharing wholly in the advance. The chief in
total receipts, the. total since Sept. 1,1883, and the stock to-night terest on Monday and Tuesday was in the winter and spring
and the same items for the corresponding periods of last years.
months. On W edn esd ay'th e early months received m ore
attention. Thursday opened dearer, but the advance was lost
1882.
1883.
Stock.
Receipts to
at the close. To-day the opening was without much change,
This Since Sep. This Since Sep.
September 7.
1883.
1882.
though slightly irregular. Later there was an advance of 6 @
Week. 1 ,1 8 8 3 .
Week. 1 ,1 8 8 2 .
8 points, which was pretty well maintained at the close
G alveston . . . . .
9,625
9,706
9,625
11.232 18,576
12,927 except for September.
Indianola,&e.
735
955
735
1,785
48
Cotton cn the spot has been fairly active for export and
N ew O rleans...
5,024
1,740
5,024
1,788 44,111
8,292 home consumption. There was no change in quotations until
M o b ile .............
635
439
635
450
3,618
425 yesterday, when strict good ordinary white and grades below
F lorid a.............
89
89
were advanced %c. and stained advanced l-1 6 @ ^ c . To-day
Savannah.......
9,026
9,630
9,026
11,397
8,113
9,046 there was a large business for home consumption at un
Brunsw’k, &c
changed prices, and middling uplands closed at lO ^ o .
C h a rle sto n .....
5,234
5,234
3,493
The total sales for forward delivery fo.* the week are 542,200
4,119
6,845
2,977
Pt. R oyal, <fec.
125
125
bales. For immediate delivery the tot? ! sales foot up this week
16
W ilm ington___
759
759
276
291
1,555
310 8,114 bales, including 1,650 for export, !r *»19 for consumption,
M’head C .,& c
845 for speculation and ------ in transit. Of the above, — bales
15
15
N o r fo lk ............
The following aré the official quotations for
1,429
1,429
576
58S 11,476
412 were to arrive.
each day ç f the past week.
W estPo:nt,& c
249
249
516
691
New Y o r k .......
B o sto n .............
B a ltim o r e .......
Philadelp’a, &c.
207
31
13
112
T otal..............j 33,3081
207
31
13
112
160
370
271
137
579
370 100,426
291
4,530
137
7,137
604 “ 5,427
67,890
2.040
33,3031 28,688
33,743 211,878
111,353
4,369
In order that comparison may be made with other years, we
give below the totals at leading ports tor six seasons
Receipts at—
1883.
1882.
1881.
1880,
Galvest’n,&c.
ije w Orleans.
M o b ile ..........
Savannah___
Charl’st’n, <fcc
flTilm’g t’n, &c
N orfolk, & c..
All o th e r s ....
10,360
5,024
635
9,026
5,359
774
1,678
452
10,661
1,740
439
9,630
. 3,493
276
1,092
1,357
17,362
12,525
3,853
21,657
6,447
1,270
7,714
1,7S4
11,542
7,096
3,557
16,744
12,282
2,209
6,031
1,656
9,596
3,786
1,435
8,388
4,892
514
735
708
11,891
3,932
1,976
19,550
7,656
915
832
729
Tot. th isw ’k.
33 303
28,638
72,612
61,117
30,054
47,431
Since Sept. 1.
1879.
1878.
33,308
33,743
88,568
82,335
43,974
73,329
' - , * .
S
unarieston includes Port Roval. &c •
W ilmington includes Morehead City, &c.; N orfolk includes City Point, &c!
for
w ^ k ending this evening reach a total
•of 23,b92 bales, of which lo,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 211,878 bales. Below are the
■exports for the week and since September 1. 1882.
¡1
Week Ending'Sept. 7.
Prom Sept. 1.18S3, to' Sept.
Exported to—
'_______ Exported to—
Great
Conti Total Great
Conti- 1
Brit’n. France nent. Week. Britain Frame nent
Galveston......
3,572
3,572
3,752
New Orleans.. 3,701
3,761
3,761
Mobile.......... .
Florida .........
Savannah ....
Charleston *...
Wilmington..
Norfolkt.......
New York .... 7,934
752 4,117 12,803
7,931
4,117
752
Boston . . . ...
' altimore.. ;.. 3,358
100 3,450
3,356
100
Philadelp’a,&c
10Ó
100
100
T ota l......... 15,151 4,324 4,217 23,092
15,151 4,324
4,217
Total 1881-82 I5,2;8 1,045 2,914 19.187
15,228 1.045
2.91 i|
— - - ——~~
uu m ru ib Royal,
mciudes exnom from West Point,
“
Exports
from—
7,1883.
Total.
Sept. 1 to
Sept. 7.
UPLANDS.
S at.
79
Ordin’y .$ f t 79ie
'*16
Strict Ora. . 8
8
8
8*316 813le
Goad O rd..
Str. G’d Ord 9%
93s
9.38
Low Midd’g 9%
9%
9%
Str.L’w Mid 9I&16 915
915,
M iddling... 10*8 10*8 10*8
Good M id.. 10*8 10*8 10*3
8tr. G’d Mid 10% 10 % 10%
Midd’g Fair 11*4 11*4 11*4
Fair............ I 12
12
12
W ed.
Ordin’y.$ft>
Strict O rd..
G ood Ord.'.
Str. G’d Ord
Low Midd’g
Str.L’ w Mid
M iddling...
Good M id..
Str. G’d Mid
Midd’g Fair
Tb.
100
23,e92
19.187
7*3,
8*4
7*3,
713,
8*4
8*4
0*16 91 lß 9*16
95g
95s
9%
10
10
10
103,6 103,6 103l6
103s 103g 103Q
10 %
10 % 10 %
11
lî
11
11*3 11*3 11*3
12*4 12 % 12*4
F r i. W e d T b . F r i.
STAINED.
S a t.
Good Ordinary......... ...........$ ft.
Strict G ood O rdin ary._____ ____
Low M iddling___ ______________
Middling...................
7
7*3ie
8*3
9*3
7*3lfc 7!3i6
%
8*4
8*4
8*4
9*16 9*16 9*16
9%
9%
95a
10
10
10
103,6 103,6 403,g
10 %
10% 1 0 %
10% 10% 10%
11
11
11
11*3 11*3 11*3
12*4 12*4 12*4 W ed T b . F r i.
7*5,6 7*3l6 7*3*6
8%
8*4
8%
93,6 9*16
95e
9%
10
Î&
7*5,6
8%
93le
9%
10
10
10
10%
10%
10%
11
11*3
10%
11
10 %
10 %
11
10%
10%
11
11*3
11*3
103,6 103,6 103,6 103,6
M on T ues W ed
7*3,6 7*3,6
8*3
8*3
9*3
9*3
7
7*3,6
8*3
9*9
Th,
F r i.
7*8"
7*8
7**16 7*5,6
8%
8%
99,6
9»ie
MARKET AND SALES.
The total sales and future deliveries each day during the
week are indicated in the following statement. For the con
venience of the reader we also add a column which shows at a
glance how the market closed on same days.
SALES OF SPOT ANO TRANSIT.
SPOT M ARKET
CLOSED.
3,456
TEXAS.
M o 11 T u e s S a t . [ M o n .¡T u e s
79ie 7**16 7 i l 16 7*316
8
8*8
8*8
8*4
8%
8*3l6 8*°16 8***i0 9*ie
«3»e
9%
9%
9%
9*3
9%
9%
9%
9% 10
10
9 1*16 9*016 9**16 103,6 103,6
10% 10*6 10*8 10% 103s
10*3 10*3 10*3 1 0 % 10%
10% 10 % 10 % 11
11
11*4 11*4 11*4 11*2 11*3
3.572
3,761
12,803
NEW ORLEANS.
M o u T u e s S at.
Ex-\ ^Con- Spec- Tran
p o r t.Tsump. uTt’n sit. Total.
S a t. .
Mon .
ru es.
Wed .
Thurs
F ri. .
Quiet and steady ’ soo!
812
D u ll......................
Steady.................
5Ö0
910
F irm ...............
300|
648
Q/t& st’y.rev.quo 350
772
S tea d y .. . . . . .......
. . . . 2,477
1
Total
1,650.1 5,619
100
452
293
....
....
FUTURES.
Sales.
1,412 51,600
452 81,600
1,410 88,300
1,241 157,900
1,122 86.300
2,477 76,500
Deliv
eries.
400
600
300
300
200
200
8,114 542.200 2,000
845 —
iu e uauy deliveries given aoove are actually ueiiveieu tue uay pre
vious to that on which they are reported.
T s b Sales and P rices
in g com prehensive table.
F utures are shown b y the fo llo w
In this statement will be fo u n d th e
op
THE
270
'[VOL. X X X V II,
C H R O N IC L E .
daily market, the prices of sales for each month each day, and
the closing bids, in addition to the daily and total «alas.
T he V isible Supply op Ootton to-night, as made up by cableand telegraph, is as follows. The Continental stocks, as well &s*
those for Great Britain and the afloat, are this week’s returns,
and consequently all the European figures are brought down
to Thursday evening. But to make the totals the completefigures for to-night (Sept. 7), we add the item of exports from
1883.
831,000
43,500
1382.
605,000
78,500
1881.
710,000
45,700
1880.
597,000
49,600
Total Great Britain stock . 874.500
5,000
Stock at HamDurg.....................
45,200
Stock at Brem en........................
26,000
S ock at A m s te r d a m ...............
1,900
Stock at Rotterdam ....... .. ........
8,200
Stock at A ntw erp.......................
Stock at H avre........................... 103,000
10,000
Stock at Marseilles........ ......... .
55,000
Stock at B arcelon a ...................
12,000
Stock at Genoa........ ..................
10,000
Stock at Trieste..... ....................
683,500
3,000
36,300
11,200
1,800
300
100,000
1,600
24,000
13,800
6,000
755,700
1,500
48,600
29,900
3,470
2,300
172.000
4,580
41,300
17,000
9,000
646,600
3,600
29,000
13,300
2,570
981
77.200
8,12040,100
11,000
6,200
278,300
198,000
329,650
192,071
Stock at L iverp ool...........bales.
Stock at L o n d o n .... . . . . . . . . . . .
Total continental stock s...
881,500 1,085,350
1,150,800
175.000
India cotton ailoat lo r Europe., 170,000 . 220,000
91,000
49,000
Amer’n cotton afloat for Eur’pe> 56,000
20,000
14,000
26,000
Egypt,Brazil,&c..aflt for E ’r’ pei
248,078
111,353
Stock in United States ports ... 211,878
42,983
8,240
37,292
Stook in U. S. interior t o w n s ...
7,800
4,050
110
United States exports to -d a y ..
838,671
121,000
7 i,o o a
18.000
151,941
25,550'
7,000
VIOIUIOouyyij..............1.652,080 1,283.143 1,671,111
---- 1,236,162
Of the above,tke totals o f Am erican and other descriptions are as follow s:
American—
554,000 379,000
267,000
, 543,000
Liverpool stook........ . ...
108,000
182,000
70,000
. 156,000
71,000
91,000
49,000
.
56,000
154,941
243,978
111,353
, 211.878
25,550
42,983
8,240
.
37,292
:s..
7,000
7,800
4,050
n o
YEast Indian,B razil, c6c.—
Liverpool s t o c k ...................
London stock........................ .
Continental stocks ...............
India afloat for E u r o p e ..;..
Total East India, &o . . .
.1,009,280
509,643 1,126,761
745,491
.
283.000
43.500
. 120,300
. 170.000
.
26,000
333,000
78,500
128,000
220,000
14,000
156,000
45,700
147,650
175,000
20,000
218,000
49,600
84,071
121,000
18,000
. 642,800
.1,009,280
544,350
778,500
509,643 1,126,761
490,671
745,491
Total visible supply............ 1,052 080 1,288,143 1,671,111 1,236,162
Price Mid. Upl., L iv e r p o o l—
¿>u i6d7d 7 41-~7 8a -
jr^ -T h e imports into Continental ports this week have been
16,000 bales.
'
.
•
.
.
.
. v.
The above figures indicate an increase in the cotton m sign t
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 1881 and an increase of 415,918 bales as com
pared with 1880.
A t the I nterior T owns 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:
w
sf
ft 4 O P ®
f i s s i t i
o' r B° ^
a
5
Oo • • * • s5
f e f i
• . w:
m t><•
$ tj
: :
OSO
O O i M K I f t H 1« »
M O
C 0 Ü 0 0 O 0 I O C 0 0 5 O O W CO
ft
f t © to W f t CO CO
CD © to CO rf* 5)1 D
«50O f t W
H
-J «
ft
©
r i
05
ft -1 0 5 C f t 0 »
—1 0 0 05 CD CO GO
m
ft1»
f t co en 05 co o«
O) o 1-1 f t CO
W
COCO
OTCOftOCOtn
05 GO 0 0 —4 05 GO f t I
-1 0 5 C O O O f t * J -9 0 5 C r tf tW
C SCD O O O O Q Ci.
H O SiC W ® O W »ftft
*8 3-
•—O5c»ftwcoo-aooo5. Oftcccoftftco-a
•qbOOO-Wft
; ft w
: £\ ~
! »
ft ft
05
ft05ft COCO C îCO
I d en f t cobi f t f t f t CD' CO00 05 GOOD f t CD GO
o i co co co 05#* it*-a oo ov; o o i -j c o -a -a c o o i
W C O W O O ftW
CO f t t - * - l OOCv CO
CO © f t • 0 0
fe lli*
i 3r 0 ?
O 05 «-« CO f t H 35
COCO
f t -J O ® ^ ®
O O C D O O O C X C D C D C 5 0 C O C 5 GO. - 1 GO 05 CD CO 00
C D M O O f t O X O c O C K O S O .O M f tC O O r o C D O i
to o CD15 it- v ©
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to co o c
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fa g O lc
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a»
■»“ -------;
’ orriAra—Saturdav, 10-10e.; Monday, 10-10c.; Tuesday,
;
■
CO
•aw : ft
ftC5rf*> © C 0 0 5
co
y to
i f I I S S e? " “ , a i L l '“¿ e p t 6 i n ™ ^ s S v £ y , 00ii)^ ¡O T S '« 9 o l° M o iia a y ,
K W l O O S o / Thursday, 10 06® 10-08o,;
0501
r ^ V e ° b £ ^ 1m cluded in the above tabie, and shall continue each
^ v e tlte av era-e price o f futures each day fo r each m onth. It
w eek to give, tne av era-e P ^ ollow ing tha abbreviation “ A v e r.” The
iv e rS g e fo ? e a e h m o n th fo r the w eek is also given at bottom o f table. •
©-J
cow
ft .CO
COCÒQDW
#*
CO
O
mcoh
W
'
r
r r
»U tf-O fc O * * -!
to
IO C O
IO.Ö*
^
p l C C ‘**iH‘ v l H a W C O O i l f - O l O O “* l»-* > -‘ C 0 0 7 G D 0 3
S to Ot *4 O1!
10 O f t CO 00 CO f t
• CDO«C7*C^OCOj^*
b-*tO 1 OCiOlC5^C**0
00
5qf.
25
The following exchanges have been made during the week.
, .
„ „ „ t , xnA Tati fo r May.
‘2 6 pd. to exch. 1,900 Oct. for Jan.
m
to. I 05O
M
i
|
m
.
i K
i s K
Wtf f i S ' i S t
:
■*10 p d. to exch. 500 Dec. fo r Jan..
*24 p d. to exch. 100 Feb. for April.
o
< £ £ g & -
100 Sept. s. n. 8th
100 s«p t. «. u. 10th
fc ? o c t .
ree’lar even.
100 Sept. s. n. l l t n lor reg tar even.
Ci
bOHOlÄw
Oi
co oi o* O r l^ L
•Q Tk
§ £
t
he*,
• K
I This year’s figures estimated,
>—* CO
ro JvSbO
^-* 0 CH
K) M to
^0 00 CH
03COC* O 1
O^OiQOlCDCOCXCOC^gOOt-Q<iO_
,
,
.
.
The above totals show that the old interior stocks have in
creased during the^week’ 1,227 bales, and
bales more than at the same penod last yeax. lh e receipts a®
S e p t e m b e r 8, 1883.]
THE OH R OTTOLE.
the same t 6wns have been 4,250 bales more than the same week
last year, and since September 1 the receipts at all the towns
are 4,200 bales less than for the same time in 18S2.
Quotations
foe
Middling Cotton
at
Other Markets __In
1
are beginning to need rain rather badly. Cotton-picking is.
making good progress. The thermometer has averaged 80,
ranging from 01 to 99.
*
&
*
Belton, Texas .—W e have had no rain during the week.
he table below we give the closing quotations of middling
cotton at Southern and other principal cotton markets for eaffi
day of the past week.
est 65.
Luling, Texas .— The weather has been warm and drv
during the week. The cotton crop is ruined. Picking is:
making good progress, and will end earlier than ever known
Galveston___
9®is
Average thermometer 87, highest 101 and lowest 73.
9 i i ie
9«m
9xiiß
ICK*
New Orleans.
9®s
9%
95s
O H «.
» y p ie
N ew Orleans, L ouisiana .— W e have had no rain during the*~
S%
M o b ile ............
9^8
9%
9%
958 *
week. The thermometer has averaged 76.
S a v a n n a h ....
91a
9ia
9 Die
9016
99j 3
Charleston... pïg-glïig
Shreveport, L ouisiana .— Telegram not received.
9%
9 -8
9%
W ilm ington..
yL>
913
9%
9^
95g
- Vicksburg, M ississippi .— Telegram not received.
N o rfo lk ........ .
934
9%
933 18
9%
913le
9 13i6
M eridian, M ississippi .— Telegram not received.
B oston ............
10 %
103g
103s
1038
1038
lx) 3a
B altim ore. ..
10%
Columbus, M ississippi .— It ha^rained on one day of the
1018
10i8
1 0 18
1 0%
iOXs
Philadelphia.
10 %
10 is
IOI3
week, the rainfall reaching fifteen hundredths of an inch
IOI3
10-2
IOI2
A u g u sta ........ 9% © %
914
OH
93s
93s
Since picking has commenced planters , are reducing their
M em p h is.. ..
9%
95a
9%
9%
95a
95s
St. Louis........
estimates, on account of the large amount o f seed cotton re
9Es
9%
9%
95a
9%
9%
Cincinnati. . .
978
9%
9%
9%
quired to make a bale. Average thermometer 82, the highest
'9 %
9%
L ouisville___1
9%
9%
ml
9%
934
1 934
- being 104 and lowest 66.
Little Rock, Arkansas.—It has been cloudy on two days o fR eceipts from the P lantations.— The following table is
the week, and the remainder of the week lias been clear and
prepared tor the purpose of indicating the aetual movement each
pleasant. The thermometer has averaged 77, the highest being
week from the plantations. Receipts at the outports are some
93 and the lowest 58. During the month of A u gu st we had
times misleading, as they are made up more largely one year
rain on seven days, and the rainfall reached two inches and
than another at the expense of the interior stocks. W e reach
seven hundredths. The thermometer averaged 77, the highest
i-L r*v0rS’ if 1 s?^er conclusion through a comparative statement being 94 and the lowest 61.
¿ 'T 3 foll ° wmg. In reply to frequent inquiries we will add
Last week we had rain on one day, and the rainfall reached
that these figures, of course, do not include overland receipts 01
seventy-five hundredths of an inch. It was reported that cot
Southern consumption; they are simply a statement of the
ton had stopped fruiting, and rust was causing considerable '
weekly movement from the plantations of that part of the crop
The thermometer averaged' 80 and
which finally reaches the market through the out-ports.
5 damage on uplands.
ranged from 63 to 95. Rainfall for August, five inches and
RECEIPTS FROM PLANTATIONS.
sixty-three hundredths.
Memphis, Tennessee .— W e had a fine rain on Wednesday
Week
Receipts at the Ports. St’k atlnterior Towns. iltec’pts from I
night, the first since August 5th, the rainfall reaching ninety
ending—
1881. 1 1882,
1883.
1881. 1 1882. 1883. J 1881. I 1882.
hundredths
of "an inch. Picking is going on in sections but
J3SS,
will not become general until the 15th inst. The thermometer
23.476 j 13,869 12,395 91.230 ! 59.550 88,240 17,759
1,011 1,872
v20,663
has averaged 76, ranging from 61 to 92. W e had nine days o f
9.288 11,497 73,617 £0,417 79,509
8.049
155
2.766
19,163
9,536 11,914 72,391 4.2,848 74,647 12,937
rain during August, and the rainfall reached one inch and
2,012
7,052
18.199
8,142 11,024 74,003 35,454 68 762 19,411
753
5,139 eighty-five hundredths, The thermometer averaged 76*8 and
19,362
9,159
9,20S 65.758 31,622 64,239 11,115
’
5,3i6
4.685 ranged from 61-5 to 94.
16,151
6,126
8.298 53,271 28,276 61,629
8.672
Nashville, Tennessee .— W e have had rain on one day of the
2,780
5.686
17.813
7,004 52,441 24,446 57,886 11,682
4,815
985
3,821 week, the rainfall reaching fifty-two hundredths of an inch.
13,062
4,8.11
9.706 48,273 21,093 53,206
8,894
1,438
5,026 The thermometer has ranged from 55 to 90, averaging 74 .
:* i
20,533
6,356 10,305 45,371 16,535 52,016 17,636
1.798
9,115
Mobile, Alabam a .— W e have had no rain during the week.
35.078 12,352 11,365 40,492 14.827 50,526 30,188
10,144
9,875 Picking is progressing finely, and will be completed at an un
46,722 23.032 22.971 1 46.422 15.526 50,339
52,652 24,231 22,754
usually. early date. Average thermometer 80, the hi°-hesfc
Sept. 7.
72.612 23.688 33.3081 57.4101 18.519 53,576 83.600
59.681 37.728
being 94 and the lowest 68. Rainfall for August, Six inches
The above statement shows— 1 . That the total receipts from the and fifty-four hundredths.
plantations since September 1 , iu 1883, were 37,728 bales • in
Montgomery, A labam a .— W e have had rain durino- the
1882 were 33,777 bales; in 1881 were 100,553 bales.
2 — week, but not enough to do much good. The weather lias in.
f i ^ ^ ^ t h o u g h the receipts at the out-ports the past week were general been warm and dry. Crop accounts are more favor
&oOfOuo Dribs, cii@ R-ctu&l xnov6ni6iit from plantations wrs 3*7 793 able.
bales, the balance going to increase the stocks at the interior
Selma, A labam a .— W e have had no rain during the week.
towns. Last year the receipts from the plantations for the same Picking is making good headway.
The thermometer h as
week were 29,681 bales and for 1881 they were 83,600 bales.
averaged 77, the highest being 93 and the lowest 63.
W e a t h e r R e p o r t s b y T e l e g r a p h .— There is a slight im
Madison, F lorid a .— The weather has been warm and drv
provement in the weather conditions in some sections°of the all the week. Caterpillars are reported everywhere, and it is
South, but in Texas the drought continues. Picking has claimed that great injury is being done. The Sea Island "
become general, and is m aking excellent headway in manv cotton crop is reported to be cut off one half. Planters are
sections.
J marketing their crop freely. Average thermometer 90. hieh - >
S
Galveston, Texas.— W e have had showers on four davs of est 99 and lowest 747
the week, altogether insufficient. The rainfall reached seventyMacon, Georgia . — W e have had no rain during the week - Ì
four hundredths of ^.n inch. A portion of the stock region of it is now cloudy. 'There is no change in crop prospects. Good I
western Texas has received good rains, but nearly every other progress is being made with picking. The thermometer has
section of the State is still parched by drought, and the crop averaged 77, ranging from 61 to 92.
prospect is going from bad to worseVery fast. I f rain does
Columbus, Georgia .— W e have had nò rain during the
not come within a week it will be an injury rather than a week.
Picking progresses finely.
The thermometer has
benefit to cotton. Average thermometer 83/highest 90 and ranged from 75 to 92, avei-aging 83.
lowest 75.
Savannah, Georgia ,.— It has rained on one day of the week
ln d ian ola, Texas .— It has rained tremendously on four days and the remainder of the week has been pleasant. The rain
of the week, the rainfall reaching five inches and thirty-five fall reached fifty-three hundredths of an inch. The ther
hundredths. The hard rain extended westward and south mometer has averaged 76, the highest being 89 and the
ward but none o f any consequence has fallen east and north. lowest 65.
A t Cuero there was only a light sh,ower. The rain will be
Augusta, Georgia .— The weather has been warm and dry
during all the week. Picking is making excellent progress,
o f immense benefit to the cattle interest where "it has fallen
but the cotton region derives no benefit'. _ On Tuesdav there and planters are marketing their crop freely. Average ther^
was a hard gale, the wind reaching forty-five miles an hour mometer 76, highest 94, lowest 61.
hut no serious damage was done. Picking progresses well j Atlanta, Georgia .— The weather has been dry and unfavor
The thermometer has ranged from 73 to 92, averaging 83.
able for the rapid opening of cotton during the week. W e h ad -,
Dallas, Texas .— The weather has been warm and dry all the rain on one day, but the rainfall reached only three hundredths '
- week. W e are needing rain. Good progress is being made of an inch. The thermometer has averaged 75, ranging from
with picking. The thermometer has averaged 82, ranging 00 to 92.
from 64 to 100.
Charleston, South Carolina .— It has rained on one day o f
rainfall reaching fourteen hundredths of an in oh .
Brenham , Texas .— W e have had no rain during the week. rpvf w e e ^>
thermometer has ranged from 66 to 90, averaging 76..
There seems no salvation for the crop. Picking is making
The
following
statement we havè also received b y telegraph ,
satisfactory headway.
The thermometer has averaged 83,
showing the height of the rivers at the points named at 3 o’clock
- the highest being 98, and the lowest 67.'
Palestine, Texas .— The weather has been w arm and dry all September 6, 1883, and September 7 . 1882.
the week. The drought has become dreadful, and much-dam
Sept. 6, ’83. Sept. 7, ’ 82.
age has been done. Good progress in picking is being made.
Average thermometer 82, the highest being 95 and lowest 67.
F ¡et. Inch. F eet. Inch „
ò
IO
9
. -Huntsville, Texas .—;No rain during the week ; we arS burn- New O rleans. . . . . . .Below high-water mark 12
7
10
.Above low-water-mark.
6
1
lng up from drought, with very little hope of relief; much
i
1
6
O
.A bove low-water m ark.
damage has been done. Picking progresses finely. The ther5
0
10
.Above low-water mark.
11
.A bove low-water mark. Miss m g.
14,
2
mometm* has ranged from 66 to 97, averaging 82.
Wmthevford, Texas .— The weather has been dry and warm
v /A A u a u o i ^ u u i o c u
u ig u -v ia u o i
xu .au xv wjl .lvj j a
u u bus
all the week, I here is no positive suffering as yet, but we Sept. 9,1874, when the zer i of gauge was changed to high-wa tee
Weelc e n d in g
", Sept. 7.
CLOSING QUOTATIONS FQR MIDDLING COTTON ON—
Satur.
Mon.
Tues.
W edn es.
*Thurs‘. [ . Fri.
[VOL. X XX V II,
TH E CHRONICLE.
27- ,
A nnual Cotton Crop Statement.—In our editorial columns
will be found our annual crop statement, with the usual facts
and information with regard to consumption, <Src.
N ew Y ork Cotton E xchange.—At the meeting of members
on Tuesday last, referred to on Sept. 1, several speeches were
delivered for and against the proposed amendments of the
commission laws. Mr. Thomas A. Patteson did not think that
they would answer the intended purpose, and recommended
that the difference in 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.
Exchange ; also that certificates of delivery should be issued
iShipments this week. Shipment« since Jan. 1.
in order to do away with the injustice of the present system of
Since
This
Conti
Year! Great Conti Total. Great
Total.
delivery, which in many instances occasioned a loss, cotton of
Week. Jan. 1
B ritain nent.
Brit’n. nent.
irregular quality on re-delivery being frequently re-classed as of
2,000 1.543.000 a lower description. Mr. Walter T. Miller spoke in favor of the
1,222,000
779.000
4
13.%00
6,000
1883 2,000 4.000
594.000 1.330,000 6.000 1.610.000
1882 13,00o 4.000 17,000 736.000
amendment proposed by the' Board and answered protests
298.000 534.000 832.000 3.000 1.148.000
1881 2,000 4.000 6,000 355.000
W.
482.000 837.000 5.000 1.077.000 which were read by Mr. Henry Hentz and by Mr.
I8 6 0 ;.......... 1.000 1.000
Williams, and by other parties, who paid two years ago $5,000
A c c o r d in g t o th e lo r e g o in g ,
f ¿ non for seats ; Mr. Miller’s argument was that they had had the
d iS Z s e c o m p a r e d w ith last y e a r
equivalent, as they had saved $10 on every 100 bales bought
L .-i.jj «nr!
r l p p v &c l s c
in. shipments oí 11,0UU omes, anu. me
and sold since ; still we fail to see how the use for a.certaintime
shipments since January 1 show a decrease of .103’°J °
of a perpetual privilege paid for, extinguishes the privilege. An
The movement at Calcutta, Madras and other India ports for the amendment of the amendments made by Mr. F. W . Williams to
last reported week and since the 1st of January for two years refer the whole matter back to the Board was lost, and it was
has been as follows. “ Other ports” cover Ceylon, Tuticorm, ordered that the proposed amendments be put to the vote on
______ _______ ________ g______ Friday, Sept. 7.
Kurrachee and Coconada.
,
'
■ _
On Friday, however, all the amendments, as they required a
Shipments since January 1.
Shipments f o r the week.
two-thirds majority, were lost. The first five paragraphs in
Great
relation to rates, &c., received 116 yeas and 108 nays, and the
Conti
Great
Continent:
Total.
B
ritain.
■
Britain. nent. I
last paragraph, in relation to salaried agents or clerks, received
80 yeas and 144 nays.
C alcutta—
94,800
10,800
34,000
The visitors this week have been as follows :
18 83.........
136,600
mark of April 15 and 16,1874, which is 6-10ths of a Toot above
1871, or 16 feet above low-water mark at that point.
I n d ia Cotton Movement from all P orts.— We have rearranged
our India service so as to make our reports more detailed ana
at the same time mose 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 from
one India port to another. The plan now followed relieves us
from the danger of this inaccuracy and keeps the totals correct.
"We first give the Bombay statement for the week and year,
■bringing the figures down to September 6.
..
800
800
104,700
31,900
2,800
4,000
2,800
4,000
13,500
52,400
1,000
4,100
R. Leigh Wovsley, Liverpool.
F. H. CutcMn, N. C.
C. E. F. Hall, Memphis.
Fred. Haug, Georgia.
J D. Weld, Savannah.
Letov Davidson, North Carolina.
W. S. Roberts, Augusta, Ga.
C: m ‘, Little, North Carolina.
Dr. Barrv-, Augusta, Ga.
27,400 John M. Price, Richm ond, Va.
6,400
21,000
6.000 ; 4.000 10,000
Holmes Boisseu, Petersburg, Va.
W.
H.
Hardin,
Chester,
S.
C.
,
69,700
26,700
43,000
8,600
7,400
1,200
J. A. W arwick, Petersburg, Va.
R. B. Thompson. Scotland.
J. G. Harrison, Petersburg, Va.
Steward NicholsOn, New Orleans.
G. B. McCrary, Ciiuton S. C.
.
“T otä l a l l 136,700 J. Y. S. Mitchell, N orfolk, Va.
18,200
118,500
4,000 12,800
v8,300
L. A. McCord, Ciiuton. S. C.
1883.......
262,800 Lucius Green, North Carolina.
62,700
200,100
13,400
7,400
. 6,000
R.
R
.
Blakely,
Clinton,
S.
C.
1882.
H. Lavila.
W. F. Alexander, Augusta, Ga.
The above totals for the week show that the movement from H. H. Riggs, Charleston, S. C.
H. C. Davidson. Montgomery, Ala.
D. Gastin, South Carolina.
the ports other than Bombay is 600 bales less than same D.
J. E. Holmes, Charleston, S. C.
C. V. BOitie, North Carolina.
-week last year. For the whole of India, therefore, the total ship 5. E. Hutchinson, North Carolina. W. D. Holmes, Charleston, S. C.
J. P. Quinn, Easton ton.
ments sinceTamjary 1, 1883, and for the corresponding periods W. T. Robinson, Eufaula, Ala.
B. J. Keech, Tarboro. N. Carolina.
H. R. Johns ton .S hreveport. La.
.of the two previous years, are as follows.
R ichard Barker, Liverpool.
Walter C. Boykin, Augusta, Ga.
P. E. Hiude, Liverpool.
J. W. Fulmer, Memphis.
EXPORTS TO EUROPB FROM ALL INDIA.
A. E. Smith. South Carolina.
C. A. Johnston. Mississippi.
Gen. R. F. Patterson, Memphis.
1881.
J. K. Mathews, dew berry, S. C.
1882.
1883.
A. J. Landon, Wilmington.
C S. Bowm an, N ewberry, 8. C.
. Shipments
Since
This
This
I
Since
Since
This
to alt Europe
J ute B u t t s , B a g g in g , &c.—There has been a fair jobbing
Jan. 1.
week.
week.
Jan. 1.
Jan. 1.
week.
fro m —
• 1882.........
M adras—
, 1 8 8 3 ......
1 8 8 2 ........
A ll others—
1 8 83........
. 1382.........
14.500
56.500
B o m b a y ...........
A l l other ports.
6.000 1,222,000
12,800 136,700
17,000 1.330,000
13,400 262,800
6,000 832,000
300 '188,800
T o ta l..........
18,800 1,358,700
30,400 1,592,300
6.300 1.020,800
XIII» lami »UfcLt?111CAJ.U JLVJAVAOc* IV*;
~
0 ---------------------
sfotal movement for the three years at all India ports.
A lexandria R eceipts and Shipments.—Through arrangements
'we have made with Messrs. Davies, Benachi & Co., of Liverpool
*nd Alexandria, we now receive a weekly cable of the movements
of cotton at Alexandria, Egypt. The following are the receipts
And shipments for thé past week and for the coi responding week
of the previous two y e a r s . __________________ ___________
A lexandria, Egypt,
¡ Sept. 6.
1882.
1883.
1881
J&aoeipts (cantars*)—
This w e e k ...
Since Sept.
Since
This
week. Sept. 1,
Since
Since ! This
This
week. Sept. 1. week. Sept. 1
E xports (bales)T o Liverpool.
T o C on tin en t.
demand for bagging during the past week, and considerable
stock has been worked off. Large parcels have not been
inquired for, buyers showing no disposition to take m ore than
actually required. Prices are a shade finner, holders now
quoting 9%e. for 1% lbs., lO^c. for 1% lbs., 11c. for 2 lbs. and
llM c for standard grades, but round lots are obtainable at a
discount from these rates. Butts have been taken to a moderate
extent at steady rates, and sales are reported of some 5,000
bales at 1 15-16@2%c., as to grade. The transactions for the
oast month foot up 25,000 Dales, part spot and part to arrive,
leaving the total visible supply 179,741 bales. At the close the
market is steady, at 1 15-16@ 2c. for paper grades and 2/ §@
2%c. for bagging qualities.
Comparative P ort R eceipts and D aily Crop Movement.—
A 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
fables a daily and monthly statement, that the reader may
constantly have before him the data for seeing the exact relative
movement for the years named. The movement each month
since September 1, 1882, has been as follows.________
'
Total Europe
* A ca n ta r is 98 lbs.
This statement shows that the receipts for the week ending
Sept. 6 were ------■ cantars and the shipments to all Enroye
were------ bales.
Manchester M arket.—Our report received from Manchester
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.
1883.
32* Cop.
Twist.
"“
-July 6 8 la ®
' 13 8 3a ®
“ -20 81-4 ®
« 27
Aug. 3 8 ^ ®
‘ 10 8 X4 ®
« 17 HU ®
“ 21ÌSU 'S)
“ 31 1:83;?«®
.Sept. 7i831fi®
d. ft.
914 5
918 5
9 0
9 5
9 5
9 0
9 0
9 5
8 7s 5
8 78Ì5
8I4 lbs.
Shirtings,
s.
@7
®7
®7
®Y
®7
®7
®7
®7
6 ®7
6 ®7
<L
9
9
8
8
8
8
6
d
3
lia
0
0
0
0
0
0
0
0
OoWn
Mid.
Upl is
32s Cop.
Iwist.
d.
d. s.
d.
5&1S 9s>ie®10i4 6
99ui® 10q 6
51a
•"•»‘ îe 9ia ® 10i8 6
57,6 , 89i«® 10i4 6
91a ®D>i& 6
51116 9ia ® 1 0 i« 6
5Hi6 97lfi® 9 78 6
938 ® 9 78 6
5%
9 38 'S 9^816
5%
938 ® 9 7s|6
Monthly
Receipts.
Year B eginning September 1.
1882
1881.
1880.
1879.
1878.
1877.
288,8 D689,264
779,237
892,664
616,727
564,824
302,955
166,459
84,299
29,472
13,988
18,081
. 458
98,491
578,533
822,493
900,119
68 9,61 0
472,051
340,525
197,965
96,314
42,142
20,240
34,564
52,595
458,478 333,643
Sept’ mb’i 326,656 429,777
O ctober.. 980,584 853,195 968,318 888,492
SfovembT 1,094,697 974,043 1,006,501 942,272
Deeemb’r 1,112,536 996,807 1,020,802 956,464
647,140
January . 752,827 487,727 571,701
291,992 572,723 447,918
February.
475,582 264,913
18825
March - . - 482,772 257,099
284,246 158,025
A p r il.. -- 284,519 147,595
Cott’
8 t i lbs.
185,523 113,573 190,054 110,006
Mid.
M a y ......
Shirtings.
88,455
TJplds
68,679 131,871
78,504
June........
54,258
78,572
36,890
42,299
J u ly ..—
d. s. d.
d.
67,372
45,143 115,114
58,386
4ia® 7 10ia 6 7s
A ugu st...
42,714
123
4ia® 7 lOLj 610,6 Corret’ns
17,844
24,837
4ia® 7 lo ia 615,6
6 ®8 0
" 116
6,019,738 4,720,364 5,874,090 5,001,672 4,447,276
6 ®8 0
7
o f tot. pori
6 ®8 0
71,6
99-99
9915
10000
99-02
6 ®8 0
73,6
00-01
00-85
00-00
6 ®8 0
00-33
718
100-00
10000
10*2 7 18
100-00
100-00
t receipts.
4ia®7 loia 7 f
—
4,345,645
98-79
01-21
100-00
Se p t e m b e r , ^
THE CHRONICLE.
1B83.J
This statement shows that up to Aug. 31 the receipts at'the
? ? ^ , o hlu Tea rw ere 1’299'374 bal89 more than in 1831-82 and
M5,b48 bales more than at the same time in 1880-81. . The
receipts since September 1, 1883, and for the corresponding
periods of the five previous years have been as follows. 1883.
1882. .
1881.
1880.
2,765
S.
7,215
3,996
6,169
4,969
8,194
5,055
2,890
8.
5,868
3,396
5,636
4,493
5,600
10,356
10,182
S.
18,859
9,089
7,637
5,037
5,669
10,512
6,474
3.
14,754
9,315
3,490
1,848
1,391
2,264
4,927
2,104
8.
8,
5,708
4,051
4,799
4,224
7,116
4,103
Totetl.......
33,308
Percentage o f totr-1
p ort rec’ ots Sept. 7
27,338
61,703
51,761
16,024
30,006
00-88
00-.32
00-67
S e p t .l ....
2 ....
3 ....
“ 4 ___
5 ....
6 ....
7 ....
00-45
01-31J
1879. '
1878.
This statement shows that the receipts since Sept. 1 up t.
to-night are now 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. W e add to the table
the percentages of total port receipts which had been received to
September 7 in each of the years named.
T h e E x p o r t s of C otton from New York this week show
a
decrease, as compared with last week, the total reaching 12,803
bales, against I d,204 bales last week. Below we give our usual
tablé showing the exports of cotton from New York and their
direction, for each of the last four weeks ; also the total exports
and direction Since September 1, 1883, and in the last column
the total for the same period of the previous year
E xports of
cotton (bales) from
New Y ork
since sept. l . iss-3
TPee7c eiidiñgE xported to—
Aug.
16.
L iverp ool............... ............. 12,732
Other British p o rts. . . . . . . 1,211
Aug.
5,675
2.265
Same
. Total period
Aug. I Sept.
since \previ’ us
30.
0. : Sept.. 1. ! year.
7,701
1,000
7,434
500
7,434
500
13,101
Total to Great Britain 13,943 10.940 8,701 7,931
7,934
13,161
H a vre..................................
Other F rench p o rts.. . . . . . .
1,627
2,218
4,003
752
1,045
Total French................
1,627
2,218
4,003
752
1,045
Bremen and H anover . . . .
H a m b u rg ..........................
Other ports.........................
298
302
48
1,080
211
100
850
77
1,297
940
Total to North . Europe
Spain, Op’rto, Gihralt’r,AcA ll oth er.............................
Total Spain. &o ............
*
Grand Tota l ............
600
1,339
...... ......
400
100
500
100
950
2,563
.
950
2,314
2,563
604
- -... .
12,803
16,520
3,167
16,170 14,497 13,204 12,803
T h e F ollow ing a r e t h e GtROSs R ec e ipts of C otton at N e w
York, Boston, Philadelphia and Baltimore for the pa3t week,
and since September 1,1883:
New York.
Boston.
Philadelphia.
Baltimore.
This
Since
This
Since
TJiis Since This
week. Sept. 1. week. Sept. 1. week. Sept. 1. week. Sept, l
N. Orl’ans 2,9 S3
2,983 . .... ..
......
......
......
T e x a s ___ 4,394
4,394
...... ......
........
Savannah
798
798
M o b ile . . .
....... / .........
F lo rid a . .
...... ......
S.Car’lina
758
758
. . . . ..
N.Car’lina
60
.
60
......
V irginia..
148
148
.
.....
.........
North, pts
Tenn., &e. " 2 0 7
207
F oreig n ..
.........
......
::::::
This year. 9,348
9,348
Receipts
from —
Last year 16,694
16,721
The particulars of these shipments, arranged in our usu<v
form, are as follows:
L iver
pool.
Hull.
7,434
500
2.075 .........
2,903
398
153
Npw Y ork.
N. Orleans.
B altim ore..
B oston ......
Philadelp’a
T o ta l. . . 13,023
500
Bre Ham- JBirceHavre. men. burg. Iona. Genoa. Tola
■752
100
850 2,503
60i 12,805"
,
. . . . . . . .............. W i Z V .0 7
2,905:
398
155
752
100
....C it y o f R ichm ond, 1 ,4 0 4 ...Gallia, 1 ,1 0 2 ...Italy, 2,164
. ...R o ss e , 7 2 0 -----W isconsin, 1,100.........
■
To Hull, per steamer Otranto, 5 0 0 ................. ......... 8................ .
To H avre, per steam er Normandie, 752 ...............* 2 1 .............
To Bremen, per steamer Salier, 1 0 0 . . . . . . . .
'
Hammonia,
2 5 02. .,5
. .63.......
Silesia,%600-•
l o Barcelona,Per
persteamers
steamer Cristobal
Colon,
.......
7 434.
’ 500
752
io a
858
B oston- T o Liverpool, per steamers céphâïôniâ, 298.' ‘ “ Illyrian,
P h ila d e l ph ia - T o Liverpool,' p ¿r steamer British Prince',' 153 ‘ !
398
153
18,392
850
2,563
604
18.392:
Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down
latest mail dates:
N e w Or le a n s —F or L iv e rp o o l-S e p t. 5 - Steamer Counsellor, 3,651,
boston —F or Liverpool—Sept 1—Steamer M aratlion ,-------- Sent
Steamer B u lg arian ,-------- .
F
B a lt im o r e —F or Liverpool—Sept. 3—Steamer Caspian, 6 2 7
Sept.
Steamer Bernard Hall, 2.729,
F or B rem en—Sept. 1—Steamer Strassburg, 1 0 0
Sept. 6—S team er
-iv.nierioa, — --,
P h ila d e l p h ia —F or L iverpool—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.:
L essing , steam er (Ger.), Voss, from New York, A u gu stu s, for H am burg,
was spoken August 28, lat. 45:44, Ion. 44:20, with crank shaft.
DroEen, an d refused assistance from steamship Spain (Br.), at N ew '
York, Septem ber 2, from Liverpool.
Cotton freights the past week have been as follows:
Satur. [ Mon.
Liverpool, steam d.
Do
sa il...d .
Havre, steam ___ c.
Do sail.......... c.
Sremen, steam . ,c.
Do
sail....... c.
Gamburg, steam.d.
Do.
sa il...d .
Vmst’d’m, steam.c.
Do
sail...<f.
Gallic, ste a m ....if.
do
sail.......... c.
Bar celona.steam.c.
Genoa, steam ...d ,
' Compressed.
Tues.
*8
I Wednes. 1 Thurs. j
%
Fri. ■
%
18
7ie*
7l-6*
7io* - ■ 7IS*
713*
716*
7ie*
0*
7is ;
716*
V
38'
Sg*
3qV
150
t:o
t50
t50
150-
14*
I4*
V -
V
n l<5*
58* .
m i58*
t50
V
V '
__
"is u w*- I & |
1 58'
I 58*
i Per 100 ihs.
lliB" ■
58'
716*
718*
.
L iv e r p o o l .— By cable from Liverpool, we have the following
meHi; °~ tbe wee^’3 sales, stocks, &c., at that port. We
add previous weeks for comparison.
A ug. 17.
Sales of the w e e k ...___ .bales.
Of which exporters t o o k ___
Of which speculators took ..
Gales American .................. .
\otual exDort............
.
Forwarded..........................
Total stock —Estim ated___
Of which American—Estim ’d
Total im port o f the w eek....... .
Of w hicn A m erican.............
Amount afloat....................
Of which A m erican........ .
47.500
5,100
3.200
33.500
3,900
7,700
909.000
631.000
27.000
18.000
142.000
28,00«
A ug. 24 . A u g 31
46 09
5,800
2,00.
33.000
4,200
4,900
891.000
612.000
29.000
17.000
125,000
20.000
Sept3 7.
47.500
65 .000
4.500
1 R50O4.100
2,200*
33.500
48.000
9.500
6,000
4,700
5,700867.000 831.000
591.000
54 8.00 0
29.500 „ 29 ,000
19.000
6,700
123.000 106.000
16.000
23.000
The tone of the Liverpool market for spots and futures each,
day of the week endiug Sept. 7, and the daily closing priees
of spot cotton, have been as follows.
Saturday Monday. Tuesday.
Spot.
Wednes. Thursd’y.
Steady.
Firm.
558
5%
7.000
1.000
55s
5%
10,». >0
1,000
Mod, inq.
freely
Firm.
supplied.
5*5a
5l l I8
5%
51318
10.000
12 ,0 » ,
2,000
2,000
BMiares.
Market, I
2:30 p .m. J
3teady.
Steady.
Very qui’t
Quiet.
Dull.
Market,
5 P. M.
Barely
steady.
Steady.
Barely
steady.
Dull.
Market,
i 2 :3 0 p .m .
hid Upl’ds
Mia. Orl’ns
Sales..........
Spec. A exp.
Easy.
Frida».
Firm.
Quiet-
5H ie
5l3le
12 .00»
2 ,0 j 0
a lit a
5131S
10.'V><>
1,5 J-J
Flat.
The opening, highest, lowest and closing prices of futures
Liverpool for each day of the week are given below. These
prices are on the basis of Uplands, Low Middling clause, unless
otherwise stated.
EW*The prices are given in pence and piths, thus: 5 62 means 5 62-64<f
ana 6 03 m eans 6 3-64d.
S a t., S ept. 1.
New Y ork—To Liverpool, per steamers City o f Montreal. 91 4?1 bales'
2ÎS
jI
S h ip p in g N e w s — The exports of cotton from the United
States the past week, as per latest m ail 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 C hro nicle last Friday. W ith regard to New York, we
Include the manifests of all vessels cleared up to Thursday
night of this week:
Total....... .
%
September.
Sept.-Oct...
Oct.-Nov....
Nov.-Dec...
Dec.-Jan....
Jan.-Feb....
Feb.-March
Mar.-Apx...
April-May..
May-June..
June-July. .
July-Aug.,.
M on ., Sept. 3 .
,
T u es., Sept. 4 .
Open High Low. Clos. Open High Low. Clos. Open High Low. Clos.
a.
a.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
5 38
5 S?
5 39
5 38
5 41
5 44
5 47
5 50
5 40
5 39
5 39
5 39
5 41
5 44
5 47
5 50
538
5 37
539
5 38
5 41
544
5 47
5 50
5 39
5 39
5 33
5 33
5 41
5 44
5 47
5 50
5 39
5 33
5 39
5 40
542
5 45
5 49
5 59
5 41
5 4r
5 40
5 40
5 40
5 45
5 49
5 51
5 39
5 33
5 38'
5 39
5 42
5 45
5 47
5 50
...»
539
5 39
5 38
5 39
5 42
5 45
5 41
5 40
5 40
5 40
5 43
5 46
5 41.
5 40
5 40
5 40
5 13
5 4Ô
5 40
5 40
5 39
5 40
543
5 48
541
5 40
5 4<*
5 40
5 43
543
5 51 5 51 5 51 ’ 5 51!
....
*'*
[V ol. X X X Y IT.
'HIE CHRONICLE.
274
FLOUR.
W edn es. S ept. 5.1
Open High
d.
5 45
5 43
5 42
5 42
5 43
5 46
5 48
5 51
5 54
M»y-J«ne. 5 58
Jurie-Jaly.
July- Lag. •
September
Sept.-Oct..
Oct.-Nov...
Nov.-Dee..
l)ec.-Jan—
Jan.-Feb...
Feb.-March
Mar.-Apr..
ApTil-Jlay.
d.
5 45
5 41
5 43
5 43
5 44
5 47
5 50
5 53
5 56
5 60
T liuvs., S ept. 6 .
F r i., S ept. 7 :
' ~ ;?
Clos. JOpen High io w . Clos. Open High
d.
d.
d.
d.
d.
d. - d.
d.
5 45 5 45 5 43 5 45 5 43 5 41 5 43 5 43
5 43 5 4i| 5 42 5 42 5 42. 5 42 5 41 5 41
5 42 5 43 5 41 5 42 5 41 5 41 5 40 5 41
542 5 43 5 43 5 41 5 40 5 41 5 33 5 40
5 43 5 44 5 42 5 42 5 41 5 42 5 41 541
5 46 547 541 5 44 5 44 Tj 44 5 44 5 44
5 43 5 50 5 47 5 43 5 47 5 47 5 47 5 47
5 51 5 53 5 51 551 5 51 5 51 5 50 5 50
551 5 56 5 54 5 55 5 54 5.54 |5 53 5 53
5 5? 559 5 57 5 57 5 57 5 57
I jO W .
Low. Clos.
d.
5 43
5 40
5 40
5 33
5 40
5 43
5 47
5 £0
5 52
a:
5 43
5 41
5 41
5 39
§41
544
5 47
5 50
5 52
No. 2 s p r in g ...$ bbl. $2 4b®
No. 2 w in t e r ___ . . . . . 2 75®
Superfine..................... 3 25 ®
Spring wheat extras.. 4 00®
do bakers’ . . . . . - . - . . 5 eO®
Wis. & Minn, rye mix. 5 00 ®
Minn, clear and stra’ t 4 00®
Winter sliipp’g extras. 3 75®
Patents, sp rin g.. . . . . . 5 50 ®
3 00
8 50
3 80
5 00
6 40
5 60
6 40
4 15
7 50
'Patents, w in t e r .... .. $5 50®
City shipping ex tras. 5 25®
8outhem bakers' and
fam ily b r a n d s ......... 5 60®
Soutli’n s iip ’g extras, 4 25®
Rye flour, superfine., 3 75 ®
Corn m eal—
Western, & c............. 3 00®
| Brandywine, <feo.... 3 40®
GRAIN.
C ornW h ea tY ellow Southern.
Spring, per bush........... . ® .......
W h ite No. 2 .........
Spring No. 2 . . . . . 1 0 8 ® ----Rye—W estern .......
Red winter, No. 2 1 15 % ,£l 17
State & Canada..
R ed w in t e r ........ 1 02 ®1 16
Oats—M ixed....... .
W hite.................
85 ® 1 10
W hite....................
White No. 1 ....................... ®
No. 2 m ixed .........
61
Corn—West, m ixed
50 ®
No. 2 w h i t e .... ..
62*2
West. mix. No. 2 .
62 ®
B ailey nominal.
68
White S outhern..
67 ®
7 25
6 00
_ __
7 <5
5 75
415
„ ,„
3 40
3 50
64 ®
62 ®
69 *
74 ®
32 ®
32^®
33 % s>
35 ®
65
72
76
35
41
34
35*2
The movement of breadstuffs to market is indicated in the
statements below, prepared by us from the figures of the New
York Produce Exchange. We first give the receipts at Western
B R E A D S T U F F 3.
Lake and River ports, arranged so as to present the comparative
F r id a y , F. M., Sept. 7, 1883.
movement for the week ending Sept. 1 and since Aug. 1 for
Flour during most of the week has been dull both for do- each of the last three years:
unOstic and foreign account, and prices have declined in some
instances, the depression being most notable in new patents and
Receipts at—
Wheat.
Flaw.
Rye.
Barley.
Oats.
Com.
Bbls.WQlbs Bush.QO lbs Bush.5QU>s Bush.32 lbs BushAS lbs Bush. 58 lbs
302.823
other grades of new, as well as winter clears and straights. The Chicago.
23,928
544,656 2,879,959 1.399,088
48,512
10,025
12,050
3.2,809
3,290
94,755
39,569
British markets are well supplied, and this fact will account for Milwaukee..
30,941
51,873
135,539
875,651
2,732
Toledo.........
1,165
293
45,217
17,716
235,106
2,20
the slowness of the trade with Great Britain. The receipts of Detroit. . . . .
500
41,409
6,509
107,500
2,565
Cleveland....
new flour have been larger. Yesterday, however, the market St. Louis ....
12,399
13,979
253.531
277,155
749.731
35,474
47,300
6,6
.>
0
602,995
304,720
15.450
625
was firmer, with an active trade for export, 12,000 barrels of
16,451
5,761
20,000
Duluth.......
city mill extra selling at $5 25@|5 70, the total sales for the day
405,153
61,765
151,678 2,628,610 S.611,333 2,426,521
Tot. wk. ’83
136,254
50.433
136,652 3.342,926 1,971,266 2,559,540
being 27,000 barrels. This’ movement was stimulated in a Same wk. ’82
149,005
215,437
881,427
149,247 2,491,616 4,77Ì,27j
Same wk. ’81
measure by a stronger market for wheat. To-day the market SinceAug.l—
169,978 1,262,517
7.882,3'3
766,610 11.628,237 13.6 '4.17,
1883.........
380,823
was fairly active and firm.
,
122,321
eés.837 13.135,775 7,189,90! 7,973.531
1882..........
Wheat has been rather more active on speculation, but me
555,737
332,057
874,031 9,717,319 22.078.26C 4,063,316
1881.........
export trade has, as a rule, been only moderate.
Prices have
The comparative shipments of flour and grain from the
fallen from 2 to 3%«., options showing the greatest depression same ports from Dec. 25, 1832, to Sept. 1,1883, inclusive, for
more particularly the later months. Large receipts at the West
and the favorable crpp prospects had a depressing effect for
some days, but later on cooler weather, and some decrease in
the receipts at Chicago, led to covering by the shorts both here
and in that market, and a portion of the early decline was
recovered. The export transactions, moreover, showed a ma
terial 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 $1 07/£, new white State at $115 to $118% , aud new red
Southern at $1 18 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%@$1 15% for September; $ 1 16% @ $111% for
October ; $ 1 18%@$1 1S% for November ; $1 20%@$1 21% for
December ; and $1 22%@$1 23% for January. The sales on the
spot included No. 2 red at $115% in elevator and $ 1 16%@
$117 delivered, No. 3 red at $112 and No. 4 at 95%c.
Indian corn has been rather irregular. Within a day or two
the foreign demand here has improved, but the speculation
has kept within moderate limits throughout the week. At one
time the fine weather at the West, and the liberal receipts at
the great Lake marts had a depressing effect on the quotations,
"but a fall in the temperature and unverified rumors of frost
ed to some covering of contracts both here and at Chicago,
and something of a rally in prices. The reaction has not been
marked, partly for the reason that the demand from the shorts
h a s not been large; partly because the prospects point to an
enormous crop? probably the largest ever raised in this coun
try, and partly because of the large quantities already pouring
into the distributing markets of the interior. To-day there was
.a fair demand and cash corn advanced slightly; options opened
lower, but recovered and advanced slightly ; No. 2 mixed was
at 60%@61c. for September, 61%c. for October and 60%@60%c.
for November.
Bye has sold fairly at some decline. Barley has been dull
and nominal. Oats have been more active latterly at a*dvancing
prices, though earlier in the week the market as steadily de
clined, owing to large receipts at the West. The cooler weather
at the West within a few days has partly caused the upward
turn, though this is more due to the usual sympathy with a
rise in corn. To-day the market was % @ lc. higher; No. 2
mixed sold at 33%@34c. for September, 34%@35c. for October,
35%@36%c. for November and 39c. for December.
■ The following are closing quotations ;
four years, show as follows:
1882-83.
5,841,652
1881-82.
4,645,620
1880-81.
6,007,609
1879-80.
2,976,057
W h e a t ..... bush. 26,184,553
C o r n ..... . . . . . . . . 72,132,123
Cats..................
30,953,935
B a rley .................
K y e .....................
3,353,495
31,261,911
4S,788,817
22,964,939
2,166,669
1,685,167
36,640,519
72,639,784
24,760,671
2,215,538
1,808,608
45,921,546
93,916,042
18,529,048
1.800,294
1,722,714
Total grain . . . . 137,265.839
106,867,503
142,565,170
161,889,644
Flour............bbls.
Below are the rail shipments from Western lake and river
ports for four years:
F lo u r ....,................... kl>ls.
W heat..
....... .Irish.
C o m ..., »«■ - - ................
Barley.
R ye___
T o t a l........ —
1883.
"Week
Sept. 1.
03,65-4
1882.
Week
Sept. 2.
102,293
1881.
Week
Sept . 3.
133,842
1880.
Week
Sept. 4.
100,081
265.305
695,853
1,624,308
14,817
97,321
689,976
159,919
1,551,759
16,593
57,398
408,011
1,257,819
634,683
1 1 7 ,1 4 1
61,736
446,609
582,974
985,182
53,048
N59,517
2,697,694
2,745,645
2,517,395
2,132,330
The rail and lake shipments from same ports for last four
weeks werS:
Wheat,
Week
Flour,
bush.
endina— obis.
1,678.109
Sept
1 ... 169,75 2
Aug, 2 5 ...1 9 3 ,3 7 5 2,296.410
Aug. 18 .-.1 3 9 ,5 2 0 2,534,957
Aug. 1 1 ... 148.431 1,479,541
R ye,
B arley,
Corn,
Oats,
bush.
bush.
bush.
bush.
3,299.196 1,097,948 14,817 177,963
0,623 261,854
1.975.674 1,362,601
2,541.228 934.932 13,345 221,493
58,423
8,678
2,188,826 817,666
. W 5 ‘» 1
1
«
iliii III®3*
The receipts of flour and grain at the seaboard ports for the
week ended Sept. 1 follow:
Flour,
Wheat,
.■ obis.
bush.
a t_
New Y o r k ....... 12 0,8811,044,380
Boston........ 7 .. . 67 ,06/
o,¿OJ
P ortlan d ..........
985
M ontreal........... 19,447 385.575
Philadelphia. . . 20,449 230,300
Baltimore......... 23,337 801,402
400
New O rlean s...
5,S87
Corn,
bush.
811,695
206,059
11.500
142,793
39.500
49,412
8,123
Oats,
B arley,
Rye,
bush.
bush.
bush.
972,474
20,204
.........
81,595
3,250
5 ,213
* 450
* 8 3 8
9,345
43,240
Total w e e k ... 257,053 2,470*257 1,269,072
Cor. week '8 2 .. 230,890 4,313,620 562,O ol 1,024.544
3,250
1,200
64,394
3,706
The total receipts at the same ports for the period from
Dec. 25, 1882, to Sept. 1, 1883, compare as follows for four
years*
1882-33.
1881-82,
7,396,38 l
8 , 666,220
1879-80.
6,575,096
Wheat....... bush. 39,059,433
48,634,322
22,897,489
18,276,993
2 ,2 9 2 ,7 8 ?
1,061,617
63,172,130
76.043,029
19,366,305
2,029,753
954,240
82,208,400
103,587,742
15,804,447
1,592,998
1,245,704
F lo u r .......b b ls .
8,850,368
C om . . . 5 9 , 8 3 4 , 0 4 3
o S S : : : : ............
«E S S S fi i* 8 R
12 3.004,466
93,163,709
1880-31.
181,535,452
204,439,291
THE CHRONICLE.
S e p t e m b e r 8, 1883.]
The exports from the several seaboard ports for week ending
Sept. 1, 1883, are shown in the annexed statement:
E xports
fr o m —
New York
B oston ...
Portland.
Montreal.
Philadel..
Baltim ’re
N.Orl’n s .
Total w ’k.
S’me time
1882. ..
Flourc
Wheat.
C om .
Oats.
Bbls.
56,626
42,542
Bush.
345,612
Bush.
718,270
79,567
18,255
7,812
3,660
93
264,758
118,571
608,601
105,034
2,667
33,172
128,988 1,337,542
938,710
171,269 4,013,564
5,445
Bush.
1,762
Bye.
Peas.
Bush.
235,123
Bush.
423
583
15,445
1,862
235,706
15,868
1,428
91,922
6,408
100
27 5
active, but few large transactions were reported, and colored
cottons 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
bers alike.
D om estic W oolen G oods . — There was a steady call by
clothiers and cloth and dry goods jobbers for sfnall parcels of
heavy nassimeres and suitings, worsted coatings, &cv resulting
Flour.
Wheat.
O.orn.
in a fair aggregate business, and orders to a moderate amount
Exports
were placed for clothing woolens adapted to the spring trade
fo r week
1883.
1882.
1883.
1882.
1883.
1882.
to—
Week,
Week,
Week,
Week,
Operations in the latter were, however, conducted on a most
Week,
Week,
Sept. 1. Sept. 2. Sept. 1. Sept. .2. Sept. 1. Sept. 2.
conservative basis, confirming the belief that a good many
Bbls.
Bush. 1 Bush.
Bbls.
Bush.
Bush.
light-weight clothing woolens have been carried over from last
Un.K ing.
84,706 111,268 788,624 2,457,415 722,893
season. Satinets and Kentucky jeans were in fair request, and
Contin’nt
1.635
18,250 548,351 1,556*149 120,335
10,892
16,447
S.& C.Am
58,659
1,148 a moderately good business was done in cloakings, while the
W. Indies
10,611
11,659
""5 6 7
28,232
4,192
Brit. Col’s
20,331
12,795
40
105 demand for Jersey cloths was exceedingly brisk. Flannels
Qth.e’nt’s
913
850
8,551
continued to move steadily, but blankets were relatively quiet
T o ta l...
128,938 171,269
938,710
5,445 in first hands because of the auction sale referred to above.
All-wool and worsted dress goods were jobbed freely, and
The visible supply ot grain, comprising the stocks in granary
agents experienced a constant call for duplicate parcels of wool
at the principal points of accumulation at lake and seaboard
suitings, sackings, cashmeres, fancy worsteds, &c. Hosiery
ports, and in transit by rail and water, Sept. 1, 1883, was as
and knit underwear were in fair reqiiest, and a steady business
follows:
was done in fancy knit woolens, as cardigan jackets, nubias,
Wheat,
Corn,
Oats,
B arley,
Bye,
scarfs, mittens, &c.
In store at—
bush.
bush.
bush.
bush.
bush.
The destination, of these exports is as below,
corresponding period of last year for comparison:
New York ............. 3,357,026
Do. afloat (est.)
Albany .................
1,500
B u t t a lo ......___
625,612
Chicago.............. .
5,291,000
M ilw aukee. . . . . .
1,175,842
D u lu th ___ . . . . . . .
74,716
T oledo..................
1,659,539
D etroit....... . . .......
172,528
Oswego_____. . . . .
90,000
St. Lonis......... ...... 1,875,955
Cincinnati.............
186,341
B oston..-...'___
611
T oronto............ .....
11 6,445
Montreal ..............
120,450
P hiladelphia........
678.426
P e o r ia ..................
4,301
Indianapolis.........
219.900
Kansas C ity.........
435,881
B a ltim o re_____
2,266,725
Down Mississippi.
On ra il____ ____ _
430,997
On lake___ . . . . . .
571,203
On canal_______ 2,050,000
GOODS
59,022
î ô ’èëô
' 8,578
1,834
30.517
29,812
56,396
54,725
1-11
341
15,501
1,099
"*21Ó
63*561
23,900
8,558
18,025
.........
22,661
115,516
149,732
202,000
271,102 1,527,854
354,096 1,576,573
87.560 449,105
370,333 510,672
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
P
q! Hi
£ p Cd-O Ë
TRADE.
F k id a t . P . M ., Sept. 7, 1883.
OlOi t O t O O t
1*00 <ltO ©to©
too © tO tO
e oa *
coot
cooo
CD 05
'beo
©at
CO O '
bp
o«co
P©
o»o
coo
<1 CO CO M M
©©oo©<i
t o CO CO COCO
a t© P < Tc o
^ tOQDMtf*
a t to •
pp
o tto
00©
©00
00 CO
o © H CO 00 © ©
O tto
CO O t
Ot
<jat tO©Mrf^tO
Otoo
CO CO CO K -C O
C0*v|© OtCO
CO CO © 0 0
?2
<»'§■!
MCOCO© Ot
P botViM
H*QO<î <J©
©ODOto.
<!>-.
M
CO©©©CO .
oo co ©at
to © © © at
(OHMHIO
p -q p p o
oobP bb
ooM©at©
at at © ©
JN
T
g Cb
^ C O O t t o CO
JO(q
<j©^o»co
CO to© p 0 0 ,
<lp © < !p
od© w P P
Ot00£- © £-
00
to ©
M
P tO H H
C*©©<î©
o t© © o o b
CO * x < I G D C O ^
C O O t p t O O tO
W© P P 00
© © M
to < t CO
oo at coco©
tb tOCOHQO
rf^<l<l©^l
8,351,426
4,391,125
7,306,708
3,106,087
1,912,877
pot ©<i©ooto
CO 00
bPatoooo
©00 ©CO00to to
Otot **<!©©©
to to00^©
©topto©#&
Hto to
CO© M© £*
cop CO<1CO
Poo P V jb
to to to © to
r-iQO©COOO
25,068,223
64,444.365
to tJ <1CO00
coooPVj©
<1©©©©
P
at
©
300,452 ! 89,512,588
C0 < 1
coo»
to
at
CO
ëtOjo&gx.
MÜtCOtOOt
g
2 p © 2. © 2
5,331,659
2,803,200
4,303,800
2,909,010
1,628,524
<!►-
<100
tOtOCD
00OC»t^COr-*
<1COCO
157,057
243,395
OlOtCOKXl
CO if** t o CO to
rfx^M<IC)i
to o a co **
O t <1 o © CO
O O tO M C O
s
i»
2,705 663,099
5,454 1,868,057
©tf^ to©>^
CO
at
©
©
J*
?•
at
to
17,031,193
77,975,459
O ’ GO
125,461
269,485
0010
©
P
<1
o
«
©
00
r
03
03
-a
1 8,159
D omestic C otton G oods .— The exports of cotton goods for
the week have been 2,360 packages, of which 713 were shipped
to 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
< ic o
Vo
1 394,946
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 all
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.
I m p o r t a t io n s o f D r y G o o d s .
.
DRY
4,199.107
3,697,895
5,898.404
7,067,456
1,625,853
1,165
F o reig n D r y G oods 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 stea d y /"
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.
316,478
, 88,124
162,191
91,219
23,746
THE
11,337.814
10,266,303
6,251,732
22,657,173
19,011,298
21,000
115,293
77,180
58 000
24,900
52,073
537,000
29,338
Manufactures o f—
W ool............
C o t t o n ... ............
S ilk .......................
F la x ......................
M iscellaneous ........
21,404,798
20,714.251
12,045,595
19,507,648
14,715,495
500
9,300'
T o t a l................. I 2,027 681,758
Ent’ d f orconsum pt. 7,443 2,399,909
Sept. 1, ’ 83.
Aug. 2 5 ,’83.
Sept. 2 ,’ 82.
Sept. 3 /8 1 .
Sept. 4 /8 0 .
448
Total on m a rk et. . .
Tot.
Tot.
Tot.
Tot.
Tot.
683,397 T ,351,233
100,000
25,400
46,800
320,725
52,203
2,123,000 603,000
40,919
57,509
156,226
82,752
30.837
59,5^9
• 225.000
506,136 114,847
30,537
10,902
148,751
42,586
700
12,549
52,347
99,415 149.485
84,195 190.354
45,400
46,100
- 128.525
22,768
138,832
114,946
39.451
875,082 2 032,337
4,261,393
80,154
1,226,000 121,533
W e add the
00
CO
CO
Ol^h-*©^
to © 0
000CO
COOOrf^<ïtO
«s1
M tO © tO O ’
© M O O < !C O
© p p t © < * < »•
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<1 1
^ I t O t O if x Q Ô
o t ÊX t o CO
«
© <1 >-* CO M
rt* t o o n p x t o
<1<1CO© 00
p I ptcooopoi
P
j P b tP to ©
^OO^CHrf^^
p I ©ppCO©
CO I P a t t o o o c o
© I tOHM|^<I i
O t J © CO tfx to ©
I
Q0Ä
00swl
THE CHRONICLE.
:276
W & ts ttx n
Πo m m x x tiK X
^ m x k z x s .
& C o .,
Iff. T .
UNITED STATES DEPOSITORY.
Capital,
* '
* * * • '
* $250,000
D. G. FONES, 5 STATE BANK, } C. T. WALKER
President. ( Incorporated 1875.)
Cashier.
Germ an Bank,
ROCK,
ARKANSAS.
C a p ita l (R aid, in ) * ■ • •
$ 2 5 0 ,0 0 0
Prompt attention given to all business in our line.
N. Y. Correspondents .—Donnell, Lawson & oo
and the Metropolitan National Bank.
C O T T O N S A IL D U C K
And all kinds of
COTTON CANY AS, FELTING DUCK, CAR
COVERING* BAGGING, RAVENS DUCK, SAIL
TWINES, &C., “ ONTARIO” SEAMLESS
BAGS, “ AWNING STRIPES.
. Also, Agents
Railroad Securities
J U L V, 1 8 8 3 .
U N I T E D S T A T E S H U N T IN G CO.
A full supply, »11 Widths and Colors, always in stock
N o . 1 0 9 D u a n e S treet.
Toy, L incoln & Motley.
fin a n c ia l Com panies.
SUCCESSORS TO
E . R . N U D G E , S A W Y E R & C O .,
43 & 45 w h it e Street ,
15 Chauncey Street ,
NEW YORK.
~ BOSTON.
AGENTS FOR
O cean M ills C o ., A t la n t ic C o tto n M ill s ,
P e a b o d y M i ll s ,
C h ic o p ee M tg . C o .,
lle r to n N e w M i l l s ,
W h i t e Hfig. C o ..
S a r a to g a V ic t o r y M fg . C o .,
H o s ie r y a n d Y a r n M i l l ».
D E S C R IP T IO N ; IN C O M E ;
P R IC E S ; D IV ID E N D S .
J
Honesty Gruaranteed
F I D E L I T Y & C A S E A L T Y CO.
OF N E W YORK.
Officials o f Banks, Railroads and Transportation
Companies, Managers, Secretaries and Clerks of
Public Companies, Institutions and Commercial
arms, can obtain suretyship from this Company at
moderate charges.
, . ,
¿he bonds o f this Company are accepted by the
courts of the State of New York.
A C C ID E N T IN S U R A N C E .
Policies issued against accidents causing death or
totally disabling injuries.
•
.
s Full information as to details, rates, &c., can be
obtained on application to head office, 179 Broad-
CONTENTS.
Railroad Securities.—
A Statement of th e Stocks and B onds
Bliss, F a b y a n & C o .,
New York, Boston, Philadelphia,
SELLING AGENTS FOR LEADING BRANDS
w i ! M. R ichards , Prest. J ohn m . Cr a n e , Sec’y
Directors —George T. Hope.G. G. Williams, Geo
B R O W N & B L E A C H E D S H IR T IN G S
8 . Coe, Charles Dennis, J. S. T. Stranahan, A . B
A N D S H E E T IN G S ,
Hull, A. S„ Barnes, S. B. Chittenden, H. A. Hurlbut
W. G. Low, David Dows, J. D. Yermilye, Alex
PRINTS, DENIMS, TICKS, DUCKS, &C.
Mitchell, ffm . M. Richards.______________________:\
T o w e l :. Q u i l t s ,W h i t e G o o d s & H o s ie r y
Ronds of Suretyship.
Drills, Sheetings, <te., for E xport Trade
NO OTHER BUSINESS.
rh e G u a ra n te e
Co.
OF NORTH. AMERICA.
Cash Capital.......................... ....................... *?nnnnn
Deposit with Insurance Department............. 214,000
President:
Yice-President:
SIR. a T , m x - T. GALT.
HON. JAS. FERRIER.
Managing Director: Edw ard R awlings .
NEW YORK OFFICE:
N o. 1 7 8 B R O A D W A Y .
D. J. TQMPKINS, Secretary.
New Y ork directors .—Joseph W. Drexel, A. L
Fopkins, H. Victor Newcomb, John Paton, Daniel
Torrance. Edw. F. Winslow, Erastus Wiman.
^ n c iio u
AND
BO NDS
WEDNESDAYS AND SATURDAYS.
A D R IA N H . M U L L E R &
SON,
No* 7 PIN E STREET. NEW YORK
Com mereiai ©arda.
R
P
E
T
S
.
HOUSEKEEPERS AND OCCUPANTS OF OF
FiCES take notice. Before buying your Carpets
Linoleum Oilcloths, or Mattings, C“ Uat BEND ALL’S
.Misfit Carpet Store, 114 Fulton Sr., basement floor,
Cheapest place in New York.
Wire
R o pe.
STEEL AND CHARCOAL
IRON o f superior quality
suitable for MINING AND
HOISTING PURPOSES,
l Inclined Planes, Transmisision o f Power, &c. Also,
¡¡Galvanised Charcoal and BB
ifo r Ships’ Rigging, Suspen(sion Bridges, Derrick Guys,
/Ferry Ropes, &c. A large
stock constantly on hand
from which any desired
lengths are cut. F L A T
STEEL AND IRON ROPES
for Mining purposes manu_
-----factured to order.
J O H N W . M A S O N & C O ., ,
,4 3 B r o a d w a y , N ew Y o r k .
Philadelphia or Baltimore.
Highest and Lowest Prices, Monthly.
U nited States Securities —For the year
1882, and to July in 1883.
B onds and Stocks in N e w Y o r k —F or the
B onds and Stocks in B oston —F or the year
1882, andito July in 1883.
B onds and Stocks in P h ila d e l p h ia —For
O ver T w en ty Y e a r s ’ experience w ar
rants
the
assertion
that
our
Dress
the year 1882, and to July in 1883.
B onds and Stocks in B altim o re —For the
Shirts are unequaled for style, appear
ance
and
workmanship.
year 1882, and to July in 1883.
W e g u a r Range of Prices hy Years.—
antee in all cases a perfect fit.
Y e a r l y r a n g e of A ctive Stocks in 1881,
1882, and to July, 1883.
SAM U EL R E D D ,
Broadway & 21th Street, New York. Dividends.—
W u M ït iït w u s
.
D ividends on R a il r o a d Stocks sold at the
E xchanges in New Y ork, Boston, P hiladel
phia and Baltimore, paid prior to July in
Churchman, N. Y
T H E G R E A T E S T L IV IN G
A iitlio rs,su ch as P roL M ax
M u lle r, R ig h t H on. W . E.
G lad ston e, J a s. A . F rou de,
P ro f. H u x ley . R . A . P ro cto r
E d w a rd A . F reem an , P ro l.
T y n d a ll, D r. W . B . C arpen
ter, F ra n ces P o w e r Cobbe,
P ro fe s s o r G o Idw in Sm ith,
T h e D u ke of A r g y ll, W m .
B la c k , M iss T h a ck era y ,
M rs. M u lock -C ra ik , G eo.
M acD on a ld , Airs. Oliphant,
J ea n In g elow , Thns H a rd y ,
W .H .M a llo c k jW .W . S tory,
tit„
. A
rnol d, R u sk m ,
Tennyson, B row n in g , and many others, are re
presented in the pages of
1883, and during the six years, 1877-1882
inclusive.
Railroad Earnings.^G ross E arnings by months since Jan. 1,1880
Price in Red Leather Covers, - • $1 25
To Subscribers of the Chronicle, $1 00
L ittell ’ s L iving A ge .
O F F I C E
A
are sold in the markets o f New Y ork, Boston
“ Its Yalue Increases Every Year.”
The Undersigned hold R E G U L AR AUCTION
SALES o f all classes o f
C
BUDD.
F in e Custom Shirts our Specialty.
BONDS
A t A u ction .
STO CKS
Outstanding , and th e E aknings for Four
Years Past, of all Railroads whose securities
year 1882, and to July in 1883.
SAM UEL
j& a lje s .
S T O C K S and
ir a t in u s .
H A N D -B O O K
Manufacturers and Dealers in
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