may 31, 1884, vol. 38, no. 988 - fraser
TRANSCRIPT
ktmtkHUNT'S MERCHANTS' MAGAZINE.
REPRESEMTINO THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATES.
VOL. 38. NEW YORK, MAY 31, 1884 NO. 988.
Financial.
AMERICAN;Bank Note Company,
148 BROADWAY, NEW TORK.
laconcnttel saicr L:t3 of SUto o: !Tev Tork, 1853.
Kc^orffunlzctl 187<>.
ESORAVKIW AND PRINTERS OFBOKD8, P08TAQC & REVENUE STAMPS',LECAL TENDER AND NATIONAL BANKNOTCS, of tMo U.MITEO STATES | and forForelen Covernmcnts.
ENGIiAVING AND PKINTISG,bANK NOTKS, SHARK CKKTIFICATES,BONDS rOU GOVKRNMENTS A>'I>COltrORATlONS, DHAITS, CHECKS,B1M«S OK EXCHANGE, STAMPS, &c.,til the fluest and iiioHt artiHtic style
FROM STEKI. PLATES.With c^cciil tjfoEturia to prov8Bt COTOTBEraiinTI}.
Spe:i:l pajcra amuJactaroi enluaively for usa cf tho
loapaay.
SAFETY COLORS. SAFETY PAPERS.Work Executed In Fireproof ISuildings.
LlTHSCRAPHtC AND TYPE PRIHTIRG.
RAILWAY TICKKTS OF IMPKOVF.D STYLES,bho^ Ciird«, Lubcl., Colcudare.
Buars. BOOKa oi" evert DiscoiisTioir.
ALBERT G. G30DALL, President.
VICH-rRESlDENTS :
J. MACDONOUGH, A. D. SHEPARD,W. M. SMILLIE, TOURO ROBERTSON.
5. H. STAYNER, Treas.THEO. H. FREEUND, Secty,
Asa. f. fuTr.iii, Prefl't. J. W. WouK, CasMer.
Maverick National Bank,BOSTOX...... . 9400,000
400,000CAPITA I/, . ....SURPLUS, ... ...AooountB of Hanks and Bankers solicited.
Collections made upon favurable terms.
Government Bonds bought and sold.
M. H. Taylob, W. V. Cakoi,in. C. F COiiklemberN. Y. Stock Exch.
Taylor, Carolin & Cox,Banker!) & Commission Stock Itrokers,
OS HIIOADWAY. .NK\V YORK.DepoitltH rec-elve<1 suhject to chock at sight and
Interest allMwed on dully butances.An securities dealt in at the New York Stock Ex-
cbanKe boiiifbt and sold on commission for caah orDpoii maruln.
Wh.m. KAKL.MeaiD. N. Y.St'okKx. U.U.STArMiB.A. M, Datton. Special.A. U. MUKE.
Earl & Dayton,BANKERS AND BROKERS,
SO TO M DKBXKL BUU.D1NO,New York.
BTOCKB ANT> BONDS BOUGHT AND SOLDoTHirTi.y nw fovMISHiON.
TISTKER & WESTON,BAMKEKS AND BBOK£K8,
No. 2 EXCHANGE COURT,Neiv Vork.
H«NRT C. TtKKxR, Member N. T. Btoek Kxob.BlNHIICI.it KK WKSTUN.
trrOCK BKOKER.Lansdale Boardman,
SKW YORK, HO BKOADWAY. i 6 NKW 6T.Opposite Stork fCzchaniie.
TKOY, M. \.j M * 15 UAl.L BlJlLDINa.Prl»«le Wire li' Trnj.
^ecnrfUeeoarrledonmarstn latereet paid oo balance*
^iuatijciat
DIAMONDS.Alfred H. Smith & Co.,
IMPORTERS,1S2 Broadway, Cor. John Street.
Members N. T. and PblladelphU Stook Brnhangea.
L. H. Taylor & Co.,BANKERS,
S. W. Cor, Tliird and Clieiitnut SU.,PH11.ADELPHIA.
DepofltU received subject to check at Bight, andinterest allowed on dalW bulanoea.
Stocks, Bonds. 8tc, boniibt and sold on commlBslon InPhlladelLihiu and otbnr cities
Partleolar attention larlTen to infomiHtton refjardlngInTestment SecorltleB.
Piirate wire to New York. Baltimoreand other plaoee.
R.J.
Kimball & Co.,
No.
BANKERS AND BROKERS,
NeiT York.18 Wall Street,
Seventeen Years* Membership in the New YorkStock Exchange.
Robert J. KiMRAM,. alitred B. LotrssBERy.
UiiLAM Dewing. Ci.akk Dewino. K. T. Bontecod.(Member of New York Stock ExchaoKe.)
H. Dewing & Son,BACKERS A%D BROKERS,
No. IS Wall !<treet, New York.Stocks and Bonds Bought and Sold on Commission.Accttuiits rof-elvcd aud Interest allowed on bal*
lances, which may be checked for at sight.
T. 8. TotTKO, Jr., BlOMlcr B. MOHSB.Member N. V. Stock Kzchange.
Young & Morse,BANKERS AND BROKERS,
No. 29 BROAD STREET, NEW YORK.Transact a rteneral Banking and Brokerage Basl-
neas In Stocks. Bonds and Mlscellaneons Securities
Coi.L J. TrBNKR, JA8.Tniui«B. N B. Ltssunr.Memb. N.Y. Stook Excb. Special.
C.J.
Turner & Co.,BANKERS AND BROKERS,
16 Jk 18 Broad Street, New York.
STOCKS, BONDS, GRAIN AND PROVISIONSbouffht and Hold tn New York and rhlcaao markets
John Fondib. ADO08T0g NATHAN.
Pondir & Co.,stocks, Bonds £ InYestment Secnritlei'
30 EXCHANGE PLACE, N. Y.,
Orders executed on the IiOndon and Europeanmarket.
C. A. BDTTIUCK. WM. KLUHAN.
Buttrick & Elliman,18 AVall Street. New York.
—Rallp'art Nmds a upeciwlty.——Invefttnrs iire invited u^ correspond.——Information rht^erfuilT given.——Fourteen years' membership In Stock Kxchange.——Orders by niall solicited and promptly attended to.
^financial.
IYo/««r T. Batch..IfalK'l W. I. SateA.
henni J'. UateA,Ar(Aur Jf. Hatch.
W. T. Hatch & Sons,BANKKR8,
14 NASSAU STREET, NEW YORK.
B.ANCH OmCE8
1
1^ f^i^l^l'^.T^'Xl'J.'i^Personal attention given at the EXCllAVtiKS to
the purchase and sale of STOCKS and BONDS forcash or on margin.DKPO^ilT.S RECEIVKD—subject to check at sight
—with interest upon balances.Special attenUon paid to I.vtesTMBNTS and
a'-'v-ont.nf riinvrHY HA>1K KR<.
Missouri,
Minnesota
and NebraskaST^TE BO]VT>S
WANTED BYKOHiy, POPPER &. CO.,
No. C6 BROADWAY.
J.A. Kohn & Co.,BANl^ERS AND BROKERS,
19 Broad St.,N. Y., raillsBnlldlnsr,
Tr.insaeta General Banking Business.Foreign Kxchange, Bonds, Stoc-s and MLscelltv.
neous Securities bought and sold on commi.'taioD.
JuLics A. Kohn, David ochs. Mokitz ochs.Member N. Y. stock Exchange.
E. ASIEL, L. 8. Fkankenueimer. M. Seligman,embers N. Y. Stock Exchange.
Asiel & Co.,BANKKKS ANB BROKKRS,
No. 51 EXCHANGE PLACE,
Hamilton & Bishop,BANKERS AND BROKERS,
No. 35 PII^E STKEET. N i<:\V YORK.(Members New York t^tock KichanKe.)
Accounts of Banks. Bankers and others received.Interest allowed on Balances. A strictly CA>miuiflslonBusiness in the purchase and sale of stocks and bt'uds.Private TelCKraph Wire to Albany, Tn>T, Byraomte.
Rochester, Uticii and Buffalo. Draw on City BuikoiLondon in amounts to suit.Special attention tftvento Securities for Investment
R. A. Lancaster & Co.,BANKERS AND BROKERS,
UNITED BANK BUII.DINO,BBOADWAYAND WALL STREET, NEW YORK,
DXAUIR8 ra
Railroad <& Hiscellaneons Secnrities.
Southern Securities a Specialty.
W. F. Stafford,Member New York Stoek ExohaBKO.
BAIVtiEK AND RR4»KER,mill* Bulldliiu:, New Vork.
All securities dealt In at the New York Stock Kx-chajvu bought and sold on commlaslun for caaliorup^in margin.
W. H. Goadby & Co.,BANKERS AND BROKERfl,
No. 8 WALI. STREET,Heir York.
THE CHRONICLE. [Vou XXXVUl.
I^ovctflti ^xcliattflc.
Drexel, Morgan & Co.,WALL STREET,
CORNER OF BEOAU, .NEW YORK.
Vrexel & Co., Drexel.Harjes&Co
No.34 South Third Street. 31 BouleTard HaaaBmann,
PHILADELPHIA PARIS.
BOMESTIO AND FOREIGN BANKERS.Deposits received subject to Draft. Securities
bouAnt and sold on commission. Interest allowed onDeposits. ForeiRn Exchange. Commercial Credits.
Cable Transfers. Circular I^ettera for Travelers.ftTuilable Ih all parts of the world.
ATTORNST8 AND AGKNTH OF
nesnn. J. S. inOR»AN & CO.,Wo. 22 OLD BROAD STREET, LONDON.
Brown Brothers & Co.,No. 59 WALL STREET, N. ¥.,
Btry AXD SELL.
BILLS OF EXCIIANOEON GKKAT BRITAIN AND IRELAND. FKANCKGBKMANV, BELGIUM, SWITZERLAND, NOR-\VA V, DENMARK, SWEDEN AND HOLLAND.Ugne Commercial & TraTelers' Credits
IN STERLING.AVAILABLE IN ANY PART OF THE WORLD.
And In Francs, In Martinique and Guadaloupe.
UAKE TELEGRAPHIC TRANSFERSOP MONEY
BSTWEBN THIS AND OTHER COUNTRIES.HAKE COIil.ECTIONS OF ORAFTS drawn
abroad on all points in the United States andCanada, and of Drafts drawn In theUnited Stjites im Fttrelim Countries.
J. & J.Stuart & Co.,
33 NASSAU STREET.
BILLS OF EXCHANGE ONS.TIITH, PAVNE 6c SmiTH'S,
BANKERS, LONDON;mANCHESTEK & COUNTY BANK,
"LIMITED;"
MANCHESTKB, PAYABLE IN LONDON ;
ULSTER BANKING COMPANY,BELFAST. IRELAND;
AND ON THBNITIONAL BANK OP SCOTLAND,
BOLNBURGU, AND BRANCHES;AI.SP,
CABLK TRANSFERS AND LETTERS OF CREDIT
NEW YORK: LONDON: PARIS:
CHA8.' KfymNCBT.''^"^ ^ DAVIS. W. O. H. HBATH.
William Heath & Co.,BANKERS AND BROKERS,
No. 80 Broadway, Kew York.Members of New Torls Stock ExchauKO.
FOREIGN EXCHANGE. CABLE TRANSFERS.
William Heath & Co.,10 Xhro8:iiiorton ATe«t I^oudoiif Env*Draw Bills of KxohiinRO and tninfact a peneral
financial cuiuiutssion business, i'articutar atteutlunglTen to American securities.
William Heath & Co.,Ifo. 19 Rne Scribe, Parts*
Ordera solicited for London and American marketafor Investment or on murtftn. Railway, State andCity Loans neKotliited.
John Munroe & Co.,No. 32 Nassau Street, Neiv York,
No. 4 Post Office Sqnare, Boston.
CHEQUES AND CABLE TRANSFERS ONinUNROE Sc CO., PARIS.
STERLING CHEQUES AND BILLS AT SLXTYDAYS' SIGHT ON
ALEXANDERS & CO., LONDON.
CiBCOLAR Notes and Ckedits for Travelers.
Schulz & Ruckgaber,BANKERS
39 M^ILLIAn STREET, NEW YORKCOItIlESPOVnKNT.S tlF THB
luternatloiial Bank of London(LIniitctI) London.
Klessra. John Beronbcr^;, Gossler & Co.Ilaiiibiir^.
Ulcssrs. Iflarcnard.KraussA: Co., Parisl'.oiiinierclal and Trareluru* Credttn.
Bllla of J£zcb:inKe, Cable Trunsfen.
"^oxtiQVL ^xcUmiiSit.
August Belmont & Co.,BANKERS,
Nos. 19 and 21 NaAiiaa Street,
Issue Trarelers' Credits, arailahte In all parts of the
world, thromth the
IflESSRS. RE ROTHSCHILD,and tbetr Correspondents.
Also Commercial Credits and Transfers of Moneyon California, Kurope and Uavana.
John Paton & Co.,eUCCKSSOR.S TO
JESL'P, PATON & CO.,
63 ^VlUlam Street, New York.Accounts and ARency of Banks, Corporatlonr*.
firms and Individuals received upon favorable terms-Dividends and interest collected and remitted.Act as iiwents for corporations in payta.f c^^pon^
and dividends: also as transfer uBents.Bonds, stocks and securities boui^ht and sold oi>
commission, at the Stock Exchange or elsewhere.Sterling Ezchanjce and Cable Transfers bough'
and Bold.DRAW OK
THE UNION BANK OF LONDON:BRITISH LINEN CO. BANK, LONDON AND
SCOTLAND.
J. K«NNItT>T Ton.H. O. NORTHCOTI,
AIXZANDER BABINO,Member N. Y. Stock Excb.
J.Kennedy Tod & Co.,
No. 63 WILLIAM STREET,BANK.ERS.
Act as Agents for Banks, Bankers and Railroa(;Companies.Issue commercial credits, also foreign and domestic
travelers' letters of credit In pounds sterling Sl dollars.
OOer Investment Securities.Buy and sell bonds, stocks and securities in all Am-
erican, Canadian, British and Dutch markets on com-mission. ('oiiectdiviaendB, coupons and foreuinandiniaLd Drafts.
Sell Bills of Exchange onniEl.VTl.l.F. EV.\ N.« & CO., ) , oxnnxC. J. HA:iinU(> & (SON, [LONDON.II. OYKXS & SON, A3ISTF.KIIAM.IIOTTINIJl'Ell A: CO., PARIS.
Kidder, Peabody & Co.,BOSTON, MASS.
Cor. Wall and Nassau Sts., New York.
FOREIGN BANKERS,
CABLE TRANSFERS, BILLS OF EXCHANGEAND
Commercial and Travelers' Credits,
CORRESPONDBSTS:B.\RING BROTHERS ic CO., LondonPERIER FRKKES & CO., Paris.mENDELSSOIIIV Jc CO., Berlin.
KOVNTZE BROTHERS,BANKERS,
120 Bkoadwat, EQuitable Building, New York.LETTERS OF CREDIT AND
CIRCULAR NOTESIssued for the use of travelers in all parts of the
world. Bills drawn on the Union Bank of London.Teletfraphie transfers made to Londtm and to variousplaces in the United States. Deposits received sub-ject to check at sighi. and interest allowed on balrances. (Government and other bonds and Investmentseininties bought and sold on commission.
Chas. Unger & Co.,BANKERS AND BROKERS,
Members of the New York Stock BxchatiKe,
DEALEHH is FOHEIGX KXCUANGE, GOVBRNMBNTANPOTUHK [NVKST.MKNT HONDS.
54 Wall SU aud 62 Oreene M., N. ¥•Buy and sell on cummUsion for investment or od
marffin. all securities dealt In at the New York 8tookKxcnunire.
J. H. GOADIJY & B. E. WALKER,JOINT AGENTS
Canadian Bank of Commerce,16 EXCHANGE PLACE.
BUY AND SKLL STKRI.INr, KXCUANGE, CABLETKA.NSPr.US, KTC.
ISSUE COMMKnrlAL CKKI'IT^ A VAILABLEIN ALL PARTS OK THK VVORLI).
James T. Bates & Co.,(ESTABLISH KD 1808)
BANKERS AND BROKERS,mils Building, New Vork.
Meraljors of tlie N'ew Ytirk .Stock KxchaUKC.Checks and Cable Transfers on .IaMKS T, BATES &
CO , Ueneva, Switzerland.
'gavsign ??-EcTxangc.
J.& W. Seligman & Co^
B A N K K R a ,
No. 33 BROAD STREET,New Vorh.
Igsne Letters of Credit for Trayelers,On SKLIGMAN BROTHBKS, London,
i^ELlGMAN FHKKICS * TIE.. Paris,SELIGMAN 4 STKITHKI.M EK, Frankfort.AI SBKKG GOLllBERfJ, Amsterdam,ALT.MAN 4 STKTTIIEI.MER, Berlin.
Psvable In any part of Kurope, Asia, Africa, Aof.(rallaaud America.Draw Bills of Excbange and make Tele«TspIil«
T'**».'"T. nf Vf^npv nn Enrone wnil '^sMforMta.
~f wT wHsoiT&c^27 & 30 BEAVER ST.,
NEW YORK.
Bill* or Exrliantce and Letters ofCredit on nexlro.
ganlm-s autt gvokcvs.
J.C. Walcott & Co.,BANKERS AND BUOKERa.
No. 24 Pine Street, New York*
Transact a General Hanking- Hn^tinessStocks and Bonds bouKht and sold on Comratsslon.
Orders received In Mlnlnc Stocks, and in UnlistedSecurities. Collections made and Loan^ NeKutiated.
Dividends and Interest CollectedDeposits received subject to Draft.
Interest Allowed. lnve.stment riecuritiesu SpecialtyWe issue a Kinanciai Kfport Weekly.
Rranch Office, 3'20 Rroadway.Connected by Prlvjit*' Wire.
fo8. C. Walcott. / .>4eiDber!i of the N. V. StochFkank V. DirKivB'tx. * and Mining tlzchanKes.
Taintor & Holt,BANKERS.
Nd. IU WAL.L (!ITURET. NEW YOKK.TRANSACT aGKNUHAL BANKING bnslneM,DEPOSITS received and INTKKBST alloired on
oalances.
Buy and aell GOVBRNMVNT, MUNICIPAL udOAILROAD Bonds.Private teletrraph wires to Prortdence and BostoD.
a. E. TAINTOB. GEO. H. BOLTG.D.L'HUILIRR.
Geo. K. Sistare's Sons,16 & 18 Broad Street, New Ifork.
DBALBRS IN
FIRST-CEASS INVESTIIIENTS.
Buy and Sell on Commission, for cash or on mar-
Itln, all securities dealt in at the New York Stoek
ExchanKe.Interest allowed on dally balances.
All deposits subject to cbecx at slKbt.
Particular attention to orders by mall or telefrrapli
Wood, Huestis & Co.,31 PINE ST., NEW YORK,
BANKERS AND BROKERS,8CCCE8MOUS TO
WOOD & I>AVIS.Bxectite ordera In all secarittes listed at the NewYork Stock iilxchanKe. Kor Sale.FlH8T-ClJi8» HAILHUAD KIKST MORTOAOR BONDP*GEOROK C.WOOD. C H. HUESTIS. L. M. SWAN
Fred. H. Smith,No. 20 BROAD ST., NEW YORK.
STOCKS, BONOS AND I'ETROLEUMBought. Sold, and Carried on Margins.
Intimate knowledRe of all railroads for past twentyyears. Parties do-slring to buy or sell unquoted se-
curities will do well to communicate.F. H. Smith, i
8. W. Saiith. i
F. H. Smith, i Members N. Y. Mlnlns: & National" "' " Petroleum ExcnaDge.
Randall & Wierum,50 EXCHANGE PLACE,
Brokers in Railroad Stocks and Bonds,
OOVBRNMBNTS A FitREION FX •BANOFCHAB. K. RANDALL, OTTll C. WSIBCMVflmbpr N. Y. sr.icic fCTchanve.
Howard Lapsley & Co.>BANKERS AND BROKERS,
NO. 34 BROAD STREET,New York.
'Tsv 31, 1884.] THE CHllONICLR m^auUcvs autl ^xoVntva,
J
KSTAUMHIIKU IHW.
ohn H. Davis & Co.,ItANKKKS AND BROKERS,
No. 17 WALL ST., NBW YORK.Meinb'»r?*"f Now York A !»h1IftdoU'l»la8iock Kxch'aw
l>r inlctttlon «rllh the nmt*fcet- ! iraoro.
t(.. t'4 bouiiht and aold, ONCOM ... -.'.-. i..> mitrkel.
Bu>< io itnd HiinaB purvhtuMxl for InTestmont or osr-rled oil itiiirtfln.
KOKKKiN ouoKliS, either. by Cadlb or nuai«fecelvi* otixH'iBl uttontlnn.
TOWNSEIMDBANKERS AND BKOKBRS,
No. 8 WALIi STREET.TnaMMt a genera) Banking BuainoM. Inclndtng the
Pvobase and Sale of all Seoaritles dealt In at the
New York Stock Exchange.
Interest allowed on deposit! rabjeot to light draft.
C. B. Caldwill. Lansino C. WASBBtniH.Chab. J. TuwNSKKD. Member N. Y. Stock Exchange
B. C. ilcHBCKT, John J. C. IluHButr.Member N. Y. Stock Bzoh.
E. C. Humbert & Son,BANKERS ANT> BROKERS,No. 39 TVA1.L STREET,
OBCXSL BCItDINO. NBW YORK
Walston H. Shown. Fkeu. a. Bbowm.Uerbkbt p. Bkown.
Walston H.Brown& Bros
BANKERS,NO. 20 NASSAr STREET,
NEW YORK.
J.F. Mahoney & Co.,No. 15 1¥ALI< STREET,
DEALERS IN
INVEST9IENT SECURITIES.All classes of Cit7. Town and Railway Bonds
bought and sold.
Stewart Brown's Sons,STOCK BROKERS,
38 PINE STREKT, NEW YORK.
Simons & Chew,STOCK BROKERS,
3 Exebanse Courts S2 Broadwa7,N.T.Stocks. Konds and U. B. tiovefmnent Securities
Bought and Bold on Commission.Ja!<. i>. Simons. BirinLT Chkw.
Member N. Y. t^tock Exchange.Mfiniber N. Y. Produce Exchange.
Simon Borg & Co.,No. 8 WALL STREET, NEW^ YORK.
DBALBRS IN ALL KINBS OF
Railroad and Inrestinent Secnrltles.
Soothers Securities a SPKcrAiTT.
Oilman, Son & Co.,BANKERS,
No. 62 CEDAR STREET.In addition to a General Banking Bnslness, buy
and Sell QoTemment Bonds and Inrestment Securi-
ties
Members New York and Chicago Stock Exchange"also New York Mining Stock Exchange.
Rolston & Bass,BANKERS,
80 BROAD STREET, NEW YORK.Stocks, Bnnds and Miscellaneous Seourltlea.
Correspondeflce Solicited.Uuotatfons cheerfully furnished.
A.E.BATCMAX,Memb.N.Y Hlock Bxoh.
DODOUASS GUItO,Memb.M. V. Cotton Bxoh
GREEK Ac BATEinAIV,35 WAI.I, STREET, NEW YORK.
Stocks, Cotton and Korelen ExchangePrivate Wire to Washington.
BATBMAN * CO., WA8H1NOTOX, D. C.
I^anltjevs mi& %KoUeKB,Jamkh Wiiitki.v. i.Kr,llAiiiiv c. i.iMiAV. . urn,
•
IIKNHV II. I)(>l»l>WM. 11. TltAVKllH, -|....:l„l I'iill.i. r.
Prince & Whitcly,No. 61 BROADWAY, NEW YORK.DltANm Ounrisi '*' •'""' *"•• "•* York.
Bny and sell on commlKHioii nil classes of Railroad8ecurltles:alMi llmln ami I'rttvlslons.Private Telogriiiili w\t«^ tc |-|illaUalphla, Wilming-
ton. Baitlmiire, Wtuihington, Ilrldgaport, New UaTon,Boston and iMttsl>urg.
QcoBai Stabk. JOHK p. STAR
George Stark & Co.,BANKERS,
No. 88 NaMaa Street New York,TRANSACT A GENERAL BANKING BU8INBS!'
AND BUY AND HELL INVESTMENTBBCURlTlKe.
Have constantly on hand and tor sale Waetem Cityand Farm MDrtgiufcs, bearing 7 to M percent Interest
WESTERN mUNICIPAL BONDSBOUGHT AND SOLD,
''tr'nilars w1<ta fall nartlmilars mailed on anpllcatton
Hatch & Foote,BANKERS, No. 13 Wall Street, N. Y.We make U. S. Bonds and Inyestment Securities a
specialty, execute orders In STOCKS and BONDSfor cush ur curry the same on margin. We transactugenurul nANKING business and ALLOW INTER-EST on DEPOSITS. Branch omoes, connected byprivate wire. Norwich. Cnnn.. and Boston. Mass.
R. T. Wilson & Co.,BANKERS AND COMMISSION MERCHANTS,
8 Exebamce Conrt. Neiv York.
<Ky Co.BANKERS,No. 18 WALL STREET,
Neiv York,Transact a General Banking Business. Including
the purchase and sale of STOCKS and BONDS forcash or on margin.
Bay and Sell Inveatment Secnrltlea.P. O. BOX 8.B47.
A. H. KiDDnu WATI.AN1> TBASK. II. J. MOMO.W.C. nnx.
-BnnKERS-25 fiNe §T. - r^eiwYoRJO
Purchase and sell on Commission GOVERNMENTand RAILROAD BONOS and STOCKS, and all
classes of Securities dealt in at the NEW YORKSTOCK BXCIiANOE, or all reputable Securities
bought and sold In the OPEN MARKET. LOANSand COMMERCIAL PAPER negotiated. Interest
paid on DBP08IT8. subject to cheek.
iBoodtft
& SOeB A N K K K M,
m Broadway, cor. Cxctiange Pluce, N. VBranch OIBce, I'^M L,n i^alle 8t., Chlciigo.
TRANSACT AOENEKAL BANKING BUSINESS.INCLUDING THE Pl.KClIAHB AND SALE OK8TOCK8 AND BONDS KOIl CASH OR ON .VAK-OIN. BUY AND SELL INVESTMENT SBCUIII-TIES. INTEREST ALLOWED ON DEPOSITSSUBJECT TO CHECK AT SIGHT.
P. O. Box 447.
D. A. BoODT, C. W. MOCl.EiXAy, Jr.RtUBEN LtULUft.
ba.vkek^,
CNITED RANK BCILDING,'Wall Street, Corner Broadtvay.
STOCKS, BO.VnS <t COMitKRCtAL PAPER.Stocks iind Rnnrls bought and sold on commission
at New Vurk stork l*3iciiiinge. Advances made onbusiness palicr and other sOl urltles.
foreign gjiwlicvs.
Narr & Co.,AMERICAN B*ANKERS,
STUTTGART, GERMANY.
WoYeigu Hanbets.
rna
Railway Share Trust Co.(LIMITED),
No. 4 BANK BlilLOIHON,
LONDON. ENGLAND.
Capital Paid Up, «eTI,3eo SlerllBC.
oiRsoroffft
B. LAINO, Ks4., M. P., Chalrau.
GicKERAi. Hnnr n jpcino. aa LMAUXlUt A. LAIlfO, Esq.
JOBM HOUATIO Llotu, Esq.
John Pkndir. Esq., M. P.
SiB HiNRT DRimiioND WoLrr,
O. C. M. O., K. C. B.. M. rBib Cbarucs Lawrkncx Yotmo, Bart.
VRANCIB PAVT, Esq., Managlag DirMt«r.
This Company undertakes the bas|]i«« «( ^
to Loans of approved Railways, navtiatM aai
Issues Loans on the lyondon Market, acts aa Agent tor
Railways and other Corporations, either In the mat*
ter of payments of Interest on Loans. Dividends oo*
or Registration of. Stocks in London, or otherwise.
Cable Addrese—Fatt, Loicooir.
THB
RailwayDebentureTrustCOMPANY (LIMITED),
No. 4 BANK BDILDINQS,
LONDON, ENGLAND
Same Directors as the AtUway Share n-uti
Oompati]/ (Limlled).
CAPITAL PAID ITP, with Snrplaa,
£1,956,410 SterllnK.
De TwentscheBankvereeniging,
B. W. BLIJDENSTEIN & CO.,
AnSTERDAIH, - • HOLLAND.B8TABLISBKD ItDll.
Subscribed Capital, 8.0(X>,000 —Guilders (f3,aoo.aao.-)
Paid-up Capital, 7,871.100- •' (18.148.440.-)
Reserve Fund, 849,86387 " ((S8»,»4B H)
Bead Office, Amsterdam.
BRAKCHBS
:
London-EXCBANUB A INVESTMENT BANKB. W. BLMDCVirrklM A (X>.
Ncs. S5 * M Thresdneedle Street, . 0.
Ratterdam—DE WISSKL-m EFFBCTUrBAKK.Eneehcdr—B. W. BLIJDEN8TEIN, JB.
Alnielaa-LEIl}EBOER * CO.
Transact a general Banking and Commlsefon Boat.
ness in BUls, Stocks, Shares, ConpoDs, Ae.
New York Cobb>spo!«du(t* ;
Messrs. KNAL'TH. NACHOD A KCIINB
Bank of Australasia,(INCORPORATKn 1K36.) ,
4 Tbreadneedle St., Loudon, KnclandPAID-UP CAPITAL. 11 OiO.lnO.
Guarantee and Reserve Funds. £7i!7,710.
I,etters of Oedit ami iir.in i«.i.e<l ..n th» lOObranches of the Bank -
New c^uth Wales, VI.
Ola and New /ealanilCollection. Telcvrapi i,<-i»»i »
received In ),ondon «- inArtousinterms which may be ^i •
Pttlt'^-. -. Seerwiry.
IV THE CHRONICLE. [Vor,. XXXVlll
'gOVUlQU SaulvcvB.
Blake Brothers & Co.,
LONDON, EIVGLiAND,
Solicit accounts and agencies of Banks, Railways
Corpordtlons, firms and individuals, n pen favor-
able terms; also orders for the purchase and
sale of Bonds, Shares. *c., &C., on Commission
on the Stock Exchange.
HcEotinte Railway, State and City Loans and
Isiine Commercial Credits available in all parts of
the world.
Nederlandsch Indische
Handelsbank,AMSTERDAM, UOIiliAND.
Established in 1803.
Faid-lTp Capital, 12,000,000 Guilders($4,SOO,000 Gold.)
HEAD OFFICE IN AMSTERDAM.Agencies in Batavla, Soerahaya and gamarang.
Correspondents in Padang.
Issue Commercial credits, make advances on ship-
ments of staple merchandise, and transact other
Igasiness of a nnancial character in connection with
the trade with the Dutch East Indies.
BliAKE BROTHERS & CO.,
Agents fob North America,
18 WALL STEEET, NEW YORK.
23 STATE STREET. BOSTON.
Adolph Boissevain & Co.BANKERS
AND
OOniMISSION MERCHANTS,AMSTERDAM, HOLLANP,
N, Y. CorreapODdept-g—Messrw. Blakb Bros. A Co,
The^City Bank,(LIMITED,)
LOBfDOlV, ENGLAKD.Authorized Cnnital *^'S.'J2'2!!2
Faid-Up Capital - - 1,000,000IleitcrTe Fnnil, £300,000.
HEAD OFFICK, THKEADNEEDLE ST.
BRANCHES
:
Bond Street, ITottenham Court Road
Ludgatelllll, Paddinstou,KnlRhtsbrldgo, 1 Aldgate,Holborn, I
Old Street,London.
The Bank, while conducting the irerernl businessOf London Bankers, gives special attention to theAgency of Foreign and Colonial Banks."* ^ A. G. KEKNBPy, Manager.
T H HI
Anglo-Californian BanktLIMITBD).
IiONDON, Head Offloe, 3 Angel Couit.
SAN FUANCISCOOffice,422 Californi.a St.
NE^V VORK Agents, J. & W. Seligraan & Co.
BOSTON Correapond'ts, Massachusetts N. 13k
$6,000,0001,500,000
- 400,000
%otIiorlzed Capital, -
Paid-up Capital, - -
Reserve Fund,.- - -
Transact a general banking business. Issue Coni-mercial credits and Blllsot Exchange. avatlabK" in all
p rts of the world. (vOilectlons and orders for Bonds,8t03kB, etc., executed upon the most favorable terms.
FRED'lt K. LOW. iManaiipraICJNATZ STELNHART, ("'""*''"
P.N. Ln-II5NTHAI.. Cashier^^
Hong Kong & ShanghaiBANKING CORPORATION.
CAPITAL »7.600,00«
RESERVE FUND 4,100,008
HEAD OFFICE, HOyO KONO.The Corporation grant Drafts, issue Letters of
Credit for use of Travelers, and negotiate or collectBills payable at llombay, I'a.cutta, Singapore, SalKonManilii, Hong lionp, Foochow, Amoy. Nln^po,Shanghai, llankow. Yokohama, lliogo, San Franciscoand JjUDdon.
A. I»I. TOWNSENIl. Acrent. 47 Wiliiam 8t.
L. de Steiger & Co.,
BANKERS,FRANKFORT-ON-MAIN, GERMANY.
A. ,r. TURNER & CO.,50 TIIRBAD.NEEDLH STREET,
LONDON..,fMm-ii« i ^'C York Stock E.xchange.MEMireus
, pblhidclphhi Stock Exchange.
E. Wuthmann & Co.,CANKERS, BREMEN, GERMANY.
©auaxTian gitutt^rs.
Bank of Montreal.
- $12,000,000, Gold.- $6,000,000, Gold.
SMITHER8, President,
W. J. BUCHANAN, Qeneral Manager
CAPITAIi,SCRPI.1JS,
C. P
NEW YORK OFFIVE,
Nos. 69 & 61 \irAI.I. STREET.Walter Watson, J .„„„,,ALEX K LANG, j
Agents,
Bnr and sell Sterling Exchange. Francs and Cable
Transfers; grant Commercial and Travelers' Credit?,
a railable in any part of the world; issue drafts on
a id make collections in, Chicago and throughout the
Dominion of Canada.
London Office, No. 9 BIrchIn Lane.
^tvo ^iiglaittX §iittTict;s.
Merchants BankOF CANADA.
Capital, - • - $5,700,000 Paid Up.
Reseiwe, §1,150,000President, ANDREW ALLAN, Esq.
Vlco-PreaWunt, ROEKHT A.NDBRSON, Ksq.
HEAD OFFICE, MONTREAIi.QKORGB HAGUE, General Manager.J. U. PLUMMER. Assistant General Manager.
BANKKRS:LONDON, KNG.—The Clydesdale Bjink (Limited.)NEW YORK—The Bank of New York, N.B.A.
The New York Agency bnys and sells Sterling Ex-change, Cable Transfers, Issues Credits available in
all parts of the world, makes collections in Canadaand elsewhere, and issues Drafts payable at any ofthe offices of the bank in Canada. Every descriptionof foreign banking business undertaken.
New York Asrency, No. 61 Wall Street.HENRY HAGUE,.lOUN B.HARRIS. .Tn..
Agents.
Imperial Bank of Canada.CAPITAl. (paid up), - - - $1,500,000SlIRPIiUS, $678,000H. 8. UOWLAND, Prest. D. R. WILKIB, Cashier
HEAD OFFICE, TORONTO.BRANCHES:
St. Catharines. Port Colbome, St. Thomas, IngersollWelland, Ij'ergus. Woodstock.Winnipeg, Man,,
Brandon, Man.Dealers in American Currency & Sterling Exchange.
Agents In London : I Agents in New York:BOSANQfET. S.M.T S CO., BANK Of MONTREAL,
73 Lombard Street. I50 Wall Street.
r?ompteat attention paid to oolleotlons payable in
any part of Canada.Approved Canadian business paper discounted at
the Head Ofllce on reasonable terms, and proceedspamltted bv draft on New York.
AGENCY OF THEBank
OF
British North America,No. 52 WAI.Ii STREET.
Buy and sell Sterling E,xchange and Cable Trans-fers. I.ssue deni nd drafts on Scotland and Ireljintl;
also on Canada, British Columbia, San Francisco andCiiicago,tllltC'lUiAK NOTES Israed In Pounds Sterling
avullable in all parts of the world. C031SIKK-CiAI. CllEDITtS I.KSDEl) for use in liurope,fhina. Japan atrd the Kui-t. and West Indies. Also,In name of NKW I,<»M)ON & BKAZII.IANB*NK Ll.MlTKD, avullable In the Brazils, RiverPlate. *c.Bills collected and other banking business trans-
acted. 1). A. SlcTAV'lSH, ( »„„.,
Lrzovvski 6c Buchan,BANKERS AND STOCK BROKERS,
TORONTO, CANADA.*
Prompt attention plven to Collection of Commerclal Bilfa laid Canadiun Funds on all points In CanadaAmerican uitd Sterling KxctaauKe, and Stocbs. Bondsetc., bought and sold.Oorre^pf^mdeni.8—liank of New York, Nevr York;
and Alliance Huiik,4,ondon.
Perkins, Dupee & Co.,
(Formerly CHAS. A. Sweet * Co.),
BANKERS AND BROKERSNo. 40 STATE STREET,
BOSTON, niASS.
nealers In Mnnlclnal. Pt»|p and lialiroad Bnnd«.
^ew giifllaud %nxiktX9.
Brewster, Cobb& Estabrook,
BANKERS,No. 35 CONGRESS STREET,
BOSTON.MEMBERS OF THE NEW YOKK AND
BOSTON STOCK EXCHANGES,ALSO,
P( aler* In lanlllcipal. State, Railroadand Vnlted Stu e* Uouds.
Joshua Wiluour, CnAitLKS H. Shelbos, jb.BitsjAMjN A. Jackson, William Binnby, Jk.
Wilbour, Jackson & Co.^
. BANKERS AND BUOKERS53 WEVBOSSEX STREET,
proyideivce:, r. i.
Dealers In CoraKiercial Paper, Government and'other first-class BundB and Secuxitles and ForelfnExchange.Private TelMrranh Wire to N^w York and Boston.
Samuel G. Studley,COMMISSION STOCK BROKER,
No. 4 Excbange Place, Room No. 4,
BOSTON, MASS.MEMBER OP BOSTON STOCK KXCHANOB.
Parker & Stackpole,BANKERS,
No. 60 DEVONSHIRE STREET,
BOSTON.
C. E. Jackson & Co.,BANKEUS.
MIBBIiETO^VN, CONN.,Buy and sell Government, State, Municipal ana
Railroad Bonds and Stocks. Investments for SaT-
inK Banks a specialty. Oollectlons made.
gattlmorc ^Axikzxs,
}. WM. MIBUENDOUF. Wm. B. Olitbb.
Middendorf,Oliver& Co.BANKERS ANIt BROKERS,
(KEYSKK HUIl-DING),
Nos. 23 & £5 GERMAN STREET,Box 397. BALTimORE, KID.
Members Baltimore Stock Ezcbantze.
Wilson, Colston & Co.,BANKERS AND BUOKEUS,
BALTIITIOUE.INVESTMENT and 80UT11EHN SECURITIES a
specialty.Correspondence aoUclted and Information rui«
nisbod.N. Y. Correspondents—McKIm Brothers 4 Co,
Robert Garrett & Sons,BANKERS,
No. 7 SOUTH STREET,BAI..TSMOB1;,
TRANSACT A GE.VKKAL DOllBSTIC ANBFOUKIGN BANKING BUSINESS.
'gtmisv^XyixmXii gawlucvs.
Job. M. shoemakbb. KOBXBT M. JANNXT.
Jos. M. Shoemaker & Co.BANKERS AND STOCK BROKERS,
No. 134 SOUTH THIRD STREET,
PHILADELPHIA.
Narr & Gerlach,BANKERS AND BROKERS
No. 322 CHl'BTNUT STREET,1'HII.ADEL.PHIA,
Orders executed by private wire in New York, Boton and Baltimore. . „ ., ^Drafts Issuoil on all principal points In the Unlle«
States and Kurope.
^eo. B. Hill & Co.,BROKERS,
PITTSBURO, PA.,
Buy and sell all clasees of Western PennsylvanMSecurities, Correspondence solicited.
May 31, 1884.] THE CHRONICLE.
gcuusflluaula S»ttUevs.
E. W. Clark & Co.,BANKUUN,
No. 3S SoiKli Third St., Philadelphia.
nHALBHS IN CAH TRUSTS AND OTllBBIN V KST.M KNT SKCU KITI E8.
>t.)ck« and Honda Bouiibt and Sold on CommlMlon.
Rea Brothers & Co.,BANKERS AND BKOKERS,
No. 97 WOOD STREET,PITTSBURC, PA.
DeAlcni tn (ioTCrninent, PtJite. County. Municipaland liiillroftd Bonds. Kx.'cute ordora In all SKCUK-ITIES listed ut the Now Vortt and Philadelphiatitnck Kichiinyiut br PrlTtite wire.
J»otitUcvu gitttlijevs.
Thos. P. Miller & Co.,BANKKK9,
mOBILK, AliABAIVIA.Bpecial attention paid to colleotlonB, with prompt
remittances at cnrront nttes of esohaniie on day ofpayment. Buy uDd iell State of Alabama and City
of Mobile Bond.t.Correspondents.—Bank of the State of New York
New York; Loutstana Nnt'.onal Bank. New OrlcaiuiBank of Uverpool. Limited. Liverpool.
THE CITY BANK OF HOUSTON,CAPITAI., 9500,000,
Houston, Texas.We ffive special attention to coUectlonB on all
soooMlble points.DiRECTOus.— lionjamln A. Botta, Pres't; F. A.Rlce,
C. C. Baldwin, W. 1). Botts, llob't Brewster, S. K.Mcllbennv. B. K. WBcma.B. F. WKKM8. Casblor. BENJ. A. BOTTS.Prea't
W. T. Blackwkll,Prealdont.
P. A. Wn.Br,Caabler.
The Bank of Durham,DUBHAin, N. €.,
With ample means, and facilities excelled by no
Bank In the State, Invites correspondence and pays
special attention to collections.
B. BcTRBUSs, Pres*u A. K. Waiter, Cashier
First National Bank,TriliiniNGTON, N. C.
Collectlona made on all part» of the United Sta'es
Wm. C. Coubtjjbt. Pres. Eknest H. PHtNOLB, Caah
BANK OF CHARLESTON,Nauonai. Bankixo association
CIIAK£.E$«TON, S. C.Bpbcial Amt.vTioN onntN to Collbctiovs.
MERCHANTS' NATIONAL BANK,RICUnOND, VIKGINIA.
Collections made on all Southern points on best
terms: nrompt returns. _' '^ ^ JOHN P. BRANCH, President.
JohnP. GLBNN.CaBh. FBED. H. SCOTT. Vtce-Pres't
THOMAS BRANCH & CO.,BANKERS AND COMMISSION MERCHANTS
RICimOND, VIRGINIA.Vlntlnla Bnnds funded under the Funding Act
passed by the last LoKlslature, tarlri per cent commis-sion. New North Carolina 8 percent bonds, secured
by lien on the State's stock la the North CarolinaRailroad, for bhI«.
'mitsUvii gauUiers.
'S, W. Harris & Co.,INVESTMENT BANKERS,
No. 176 DEARBORN STREET,
CHICAGO, II.I..
School,TjnAynQ state, county. City. Town. SthooUlMJO, and Car Trust Bought and Sold.
The fundlnit of entire issues receives special atten-
tlon. Write us if you wish to bny or sell.
Thos. M. Thoknton. Wm. W. Thorhton, Cash.
W. F. TIIORKTON St SON,(Kstabllshed 1«9.>
BANKERS AND BROKERS,SnELBYVILLE, ILLLNOI8.
Collections made In Shelby and adlolnlnir Countiesn id Proceodf r.jn.ittcd on Day ot Payment.
HH:b'Etthi.N('r;S— .\a»li.na! tjiiiik otCom.t erce.NowTork Union National Bank, ClnHrnatl. ThirdKatinn-'l B«nk. St. IajuIb. Traders' Bank, Obloaso,Banlson's Bink, lodlaiiapolu.J
IQIcstcvu SituU CVS.
Texas Land & MortgageOOMf'Affr LIMITED.
(OF LONDON, ENGLAND),Transact a cenorul Kinanclal and Aitenoy BusinMs In
the Stikio of Texas and Europe.New Tork CorrraiHmdenU: C. K. WKLLBSLRT,BukKB BiKiM. Sl Co., Oenoral Manager,
Wall Htrcet. I>ai.i.a>. TaxAK.
Montana National Bank,HELENA, n. T.
UNITED STATES DEPOSITOBT.
Capital, $230,000C. A. BBOADnrATBH. Pree't. A. O. CiJkKtt«,V.-Prest.
K. SnAiipK. Cashier.
D. O. FONBS, ) HTATH BANK. IC. T. WALKBBPrealdent. i Incorporated 18T5. i Cashier.
German Bank,LITTLE ROCK, ARKANSAS.
Capital (Paid In) - - - • 9350,000Prompt attention Klvcn to all business In our line.N. Y. CoituF.si'oMiK.STS.—Donnoll, Lawaon A Co.
and the lletropolttun National Itunk.
ESTABLISUED IDTl.
P. F. KEEEHER & CO.,SOB OLIVE STREET, ST. lOUlS,
Dealers In Western Seenrttles.Defaulted Bonds oi Missouri Kansas and Illinois a
dpeclalty. Good Investment Securities, paying fromIM to 10 per cent, for sale.Kefdr^nces in New York, by permission. C1ar>,
Oodxe A Co., 51 Wall St.; Ilatcn ft Koote, 12 WaU BURnrpreroPH tn St. l^ouSs. Ranks generally.
^itiattciitl ©0mpattics.
BONDS OF SURETYSHIP.
The American Surety CoNo. 160 'Broadway, Nenr Ifork.
Cash Capital, ^500,000
Win act as surety for Offlcera a-'d Employees ofBanks, Railways. Express and.Tele(i'a|ih Conipunies,Corporations and Buslnes-s Houses, and will guaran-tee the tldelity of persons holding! positions of trust.This Company will also act as surety on Bonds re-
aulretl in the Courts, Bonds of Administrators,uardluns. Sheriff and undertakings.It is the first and only Company orfranized In the
United States devoted exclusively to the business ofsuretyship.
OFFICERS:RICHARD A. ELMER, President,
LY-MAN W. BRIGGS, Vice-President.
FIDELITY &, CASUALTY CO.,Nos. 214 ft 216 BROADWAY, NEW YORK.
Officials of Banks, Railroads and Express Compa-nies, Managers, Secretaries, and Clerks of Public Com-panies, Institutions and Commercial firms, can obtain
BONDS OF SCRETVSHIPfrom this Company at moderate charges.The bonds of this Ciunpany are accepted by courts
of the State of New York.
CASUALTY BEPARTOTENT.Policies issued against accidents causini; death or
totally dLsabJini! Injuries.Full Information as to details, rates, ftc, can be
obtained at head office, or of Company's Agents.WM. M. BicHAHDS. I'rest. John- m. Cka.nk, Sec'y.
ROB'T J. Hn.i..Arf, Ass't Secretary.DIRECTORS:
Geo. T. Hope, David Dows, W. G. Low,G G. Williams. A.S.Barnes. Charles Dennis,J S T.Stranahan, H. A. Hurlbut, Alex. .Mitchell,
A B Hull. J. D. Vermllye, 8. B. Chittenden.Geo. S. Coe, Wm. M. Rlch-irds.
Bonds of" Suretyslxip.KO OTHER BUSINESS.
The Guarantee Co.OF NORTH AMERICA.
Cash Capital »»10.'WCash Assets „ • A??'S29Deposit with Insurance Department 1!14,0U0
Presidenf: Vice-President:Sltt A1,EX. T. (iALT. Hon. Ja». KEHItlEK.
Managing Director: Edwahd Rawlixos.NEW YORK OFKICE:
NO. 178 BROADWAY.D. J. TOMPKINS. Secretary.
New Y'ohk DmECToK '
Hopkins, II. Vi.tor N.
Torrauce. Kdw. K. Win
\V. Droxcl, A. L.' Paton, Daiiiul
gUEO^AN S. JKWI TT, PriM. 1 1.SH II .1 tWETT, V,Prea
WILLIAM C. ColtNWKLL, CashlCV.
Bank of Buffalo,CAPITAL, 9300,000
BUFFALO. N. Y.
This ivinlc lia^ sir iMior fi. Ilillo, for maklnu colloc-,.'"'
,.• United States."„,,.,, IS extended to
"'coini.Mo.s. .-. .. .-.• ..,.„. -National Shoe ALeather Bank ; Uniuu Bauk uf Loudon.
J^ectot !lnuc6tmcuts.
No. 21 NAiUtAU HTKI'.KT,
nsALBa IH
CITY RAILWAY HTOCKSCiA.S STOOIvS,
T R U fl T CO.' S HT O C K S,
TELEGRAPH STOCKS,
Bank Stock*, Innurnnce Stocks.
Reed & Flagg,
Duncan Building, Ck>r. NaaBau & PineSta.
KNTBANCa No. II PINE BTREBT,
BROKERS AHD DBALBB*
B O IV I> S .
Albert E. Hachfield,No. G WALL STREET.
Bonds and Investment Scciirllioa
WANTED:Rome Watertown A Ondenabars Ista and Ml.OsweffO ft Rome Bonds.Jollet ft Northern Indiana Bonds.Terro Haute ft Indianapolis Stock.Mexican (Corliss) Bonds.Grand Rapids ft Indiana Bonds and Stock.
VIce-Pm'UW. J. MoBPur, Prest. J. P. Bmith, i
Ubo. B. LovLNO, Sec'y. J. U.KBKIi, j
Texas Investment Co.,LIMITED,
OF FORT AVORTH, TEXAS,nEALEItS !.•• ALL Kl.NDS OK
LIVE STOCK, RANCH PKOPEBTIES,SECURITIES, &c.
Paid-up Capital,$IOO,000. Surplu9,$50,000
DlRK<TOR.s.—A. M. Brltton. President City Na-tional Bank ; W. J. Boaz, I'resldent Traders' Na-tional Bank ; .1. P. Sm th. Mayor of Fort Worth, andof the ImnkiuK firm of Tldbull, Van Zandt ft Co. ; J.D. Reed. Ranchman, and Director in First .National
Bank: W. A. HuDman, dealer In Agricultural Im-plements; Sidney Martin, of Martin-Brown Co..Wholcsalu Dry Goods; W.J. Morphy. Cattle Dealer;George B. Loving. Manager Loving Publishlns Cv4J. F. Evans, Rancitman and Cattle Dealer.
Investors, Attention!$200 to S2O,0OO.
Seven Per Cent Semi-Annnal Inter-est net to luTestors.
SECURITY ABSOLUTE.First mortgage on Improved property In ffanias
City, and good farms In Kansas and Uissourl, worth
from three to live times the amount of the loan.
ITor particulars and references address
JABVIS, CONKLIN & CO., Brokers,
KANSAS CITY. MO.
No Risk; ^r Solid 10 Per Ct.RAPID ACCI7JTIULATION.
CAN HANDLE SUMS LARGE OR SMALL.
Solid as Englisli Consols or U. S. BondsFor Circular Address the
Central Illinois Financial Agencr,JAOKSOXriLLE, ILL.
TUBKansas Loan & Trust Co.
TOPEKA, KAN.T. B. 8WBBT. Proa. GEO. M.
la the oldest and largest Insiimil'i
giving exclusive attentionCIKIICK MRSTMORTU.Vof Intcfi's!. it has nagoi.of these loans (or Saving. .....--,
panles, BsUte* and prirata pariieacircular.
NOBLE, See.
n In Kansaa.votlatlng ora high ratoe':»,ooa.ooo:-rjuico Cura-
Scodfor
Farm MortgagesIn Sums of $100 and Upwards on In-
diana aud Uliio Lands.NOTHING SAFER. ALWAVf PROMPTLY FAIO."*"
BEND FOR PAMPHLET.JOS. A. moOHE,
84 East narkotSt.. Indianapolis, Ind.
'to holders of defaultedBONDS.
The undersigned invites, corrr.iv.n.t-n.-* with
hol.l.^r. ..f airSVrSTKUN PIMAl 1.11.1' «'lt RE-,., • unties. Townships
UtuM at beat rate*.
T. J. Clitsw, Jtt., St. J»s*ph, Mo.
THE CHRONICLE fVoL. XXIV 1115
'giivxncinX.
FIRST MORTGAGESox IlttPROVEO FAKMS,
Drawing 7 and 8 Per Cent Interest,
NEGOTIATED BY
The Corbin Banking Co.No. 115 BKOADWAY,
NEW YOKK.
All Interest and Principal Payable
in New York City.
From 1851 to 1866 Mr. Austin Corbin resided
In the State of Iowa, and, In connection with
the bantflng business, mudeaspeclalt.v of nego-
tiatins; First ITIortsase Ijoans upoa Im-proved Farms in that and other North-
western States. In 1866 ho tranefeired the
business to the City of New Yorlc, with ini-
menscly successful results. In 1874 the Corbin
Banking Company was organized to succeed
kim in this business, and has continued it ever
since. From moderate beginnings this special
business has grown to ver.v large proportionn
«nd now shows a Contlnnong and Com-plete Kecord of Kcsult CoTcrlug theEntire Period of 33 Years. The numberof current loans upon our boolts at this date
exceeds 33,500, and the amount of money out-
standing and due to individuals, savings banks
and other corporations is upwards of $13,000,
000. The business has grown to its present
magnitude because its results, as shown by this
long recoid, have been eminently satisfactory.
During the poiiods of depression and general
depreciation of nearly all classes of investment
securities which succeeded the panics of 1855,
1857, 1861 and 1873, these first mortgage
lai-m loans negotiated by us, based upon a 40-
per-cent cash valuation of the farms, returned
ligh rates of interest to the lenders, with
almost the promptitude of Government bonds,
and from the beginning of the business to the
present time have absolutely proved them-
selves to be the Safest and Best-PayingInrestment In tills Country. Fromyear to year during this period of 33 years wehave been perfecting the details. Our corres-
pondents in the various States are picked men,
skilled in this branch of business, of superior
Judgment, unquestioned iniegiity and honor,
and thoroughly conversant with the laws, pni-
colure and practice of their several States. In
addition to tiiis, all the farms are examined and
our correspondents' statements concerning
them revised by independent agents of our com-
pany, paid by us a liberal salary, who rcpnrt
directly to us in New York ; and in a nuiltitude
of minor details which have been perfected at
great expense through the experience of tliis
long period, we liave been able to reduce the
management of this business to a perfect system
Indeed, it is the perfection of our work that has
enabled these first mortgage loans upon im-
proved farms to manifest tin Ir superiority and
to maintain their very high standard of value
overall others, while at times great depreciation
has followed nearly all other classes of invest
ments.
To investors who wish to place money for a
term of years nrlth entire safety, at rates
varying from 7 to 8 j^ev cent, we recommendthese loans as being, all things considered, theBent In the World.We hold ourselves in readiness at all times
promptly, personally or by letter, to reply to all
Inqniiics and to furnish all needed information
In detail.
We have prepared an exact statement of the
results of $3,501,815, comprising investmentsfor mdividuals for the laat ton years. Of tills
amount $ J,310,117 were paid promptly with In-
terest In full when duo, or over 94 per cent.Of the $191.42'< iin))aid at maturity, then- hasnow I een iiuid $1 18,180, with an added interestof $(i3,130, leaving yet to be collected $73,248,wliii h is priueipfiily due fnnn a few later ileliu-(luentB. is being rapidly ])ald up, and isal)-iiliitely pond. So it will lio seen t)i:it i)8
Eer eentofall Ihls $3,501 ,84.'; capitalax been already ret iirned witli rates
of interest varying from 7 to 8 percent, and that only - )ier cent is now uu-paM. What other class of investment toenri-ties, taken at an average, will show such arecord a< this?Wesn'ieit Investors to Invoatigate our mjth-
gde and the character of the loans. 3M
Jiitetrcst, gl»itljetttls, *jc.
THIS INTEREST ON THE FOLLOTT-TING bonds la payable at the bankloK house ofMessrs. WINSLOW. LANIEB & CO., corner of Nas-sau and Cedar Streets, New Vork City, after June 2,
1884:
Allan County. Indiana—Gravel Uoad 63.
Cincinnati Kichmond & Fort Waya© Railroad Co.—First MortKJige 7s.
Howard County, Indiana-Gravel Itoad 63.
Marion County, Indiana-County Ss.Annual 73.
Mineral lian^e Railroad Co.—First Mortgaii:e 83.
Montpeller, Indiana—School 83, principal and Interest.
Pittsburg Fort Wayne <t Chicago Railway Co.—First Mortgage 7s, Series F.Second Mortgage 7s, Series M.
St. Charles Street Ruilruad Co. of New Orleans-First Mortgage Os
Scioto Valley Railway Company-Equipment Trust Ss.
«."UNE 4.Fulton County, Indiana-
County 63.JUNE 6,
White County, Indiana-Gravel Kuad Us.
Greene County, Indiana-Annual (is.
JUNK 9,Vermillion County, IndUna—
Cjunty 7s.JUNK lot
Tipton County, Indiana-County 73.
Warrick County, Indiana-Funding O3.
JUNE la.Tippecanoe County, Indiana-
Court-house 53.JUNE 30.
Miami County, Indiana-Gravel Road (is.
pKNNSYIiVANIA RAIItROAD CO.* TREASURER'S DEPARTMENT,Philadelhhla, May 1, 1S84.
The Board of Directors has this day declared a
Semi-Annual Dividend of FOUR PER CENT uponthe capital stock of the Company, clear of all taxes,
payable on and after May 29th, 1884, to shareholders
as registered on the books at 3 P. M., April 30th, ult
In order that shareholders may have the option of
converting two per cent of this dividend into the'
capital stock of the Company at par, certificates will
be issued at the time the dividend is collected, repre-
senting such amount which will be exchanged for the
capital stock at par, ptior to August Ist, 1884, whenpresented in sums of fifty dollars.
JOHN D. TAYLOR, Treasurer.
T> OCIIE8TF.R & PITTSBURG RAII.-ROAD COMPANV, TREASURER'S OFFICE, No.
20 NASSAU St , New York, May 21, 1884.
The Coupons of the Consolidated First MortgageBonds of this Company, due Juno 1. will be paid onand after Monday, June 2, at the Union Trust Com"pany of this city.
FRED. A. BROWN. Treasurer.
New York, May 28, 1384.
r^AIiVHSTON HARRI$«BURU Ac SAN^-^ANT'NIO RAILWAY COMPANY SECONDMORTGAGE COUPONS, due June 1, will be paid
on and after that date at the oflSce of Messrs.
DREXEL, MORGAN & CO., corner of Wall andBroad 8treet^ New York.
CHAS. BABBID6E, Treasurer.
TRCSTKES' SAI.E!—PROPERTY OFTHE ALUION I'HKM' WORKS, Conshohockeu,
Montgomery County. I'a.
ON WEUNESDAY. JUNE 4, 1884,at 12 O'CLOCK NOON, at the PHILADELPHIAKXCHANGE, the well-knuwn Albion Print Works,Conshohockcn, Pa.tJ^ The Improvements include a two-story brick
Dye. Bleach and Boiler House. 260x98 leet, and thePrint Works, 3:i4x9 1 feet, with engine, belting, tanks,machinery. Ac; alstt brick dwellli gs, outbuildmgs,&c. For full descriptions apply to
JAMES A. FRKEMAN & CO.,Auctioneers. No. 4«a Walnut Street, Phila, Pa.
M'aU §tpo&it (S'Oinpiitiits.
The Safe Deposit Co.OF NEAV YOKK,
The first Established iu the World.
OFFERS UNEQUALLED SECURITY,140, 142 & 146 Broadway.
FllANCIS H. JUNKS, I'resident.
MAXHATTAKSafe Deposit& Storage Co
346 & 348 BROADWAY,Corner of Leonard Street, * NKW YORK.
Safes to rent from §10 to $200 per year,AND CAN BK KENTKD FOIl A
DAY WEIiK OR MON'rn.
special %matstmtnts,
Geo. H. Prentiss & Co.,
No. 49 WALL ST., NEW^ rOKK,AND
308 inONTAGVE ST., BROOKLTN.
CAS STOCKS
GAS SECURITIES,Street Railroad Stocks and Bonfs
AND AUi KINDS or
BROOKL.Y1W SECURITIESDEALT IN.
8EB QA8 QUOTATIONS IN THIS PAPIBB.
a«0. H. PHSNTISB, W. W. WALSHMember N. Y. Stock Wxchanga.
Car Trust Bonds,WB MAKB A SPECIALTY OP THESE VERT
SAFE SECURITIES, AND BUY AND BELL BAMBAT MARKET PRICE.WB OFFER A LIMITED AMOUNT OF DESIS
ABLE CAB TRUST ISSUES. ADDITIONALLYSECURED BY THE DIRECT OBLIGATION OfThk RAILROAD EQUIPMENT COMPAMY.
POST, MARTUy & CO.,No. 34 PINE STREET.
H. L. Grant,No. 146 BROADW^AY,
NEW YORKCITr RAILROAD STOCKS & BONDS
BOUGHT AND SOLD.
Bee onofattlona of CttT KallrnadKin thin paper.
E. S. Bailey,T riNB STREBT.
DEALINGS ly
IKSURAATCE STOCKSA SPECIALTY.
Caflh paid at one* fort.he above Becuritlea : or tbej.111 bp .nl«1 nn comTnlSAtnn at. .AHor'w option
THE n^ESTEKIV
Farm Mortgage Co.,LAW^RENCE, KANSAS,
Offers to InveBtors the best securities In the marketFIRST MORTGAGE LOANS UPON IMPROVEDFARMS. Interest and principal paid on day of ma-turity tn New York. Funds promptly placed. Lar^«experience. No losses. Send for circular, referenccgandsample forms. V.M. PERKINS, President! J. T.WARNB, Vlce-Prent.; L ii. PKKKlNM, secreljirr.CHAH. W. <iTr.r,RTT. Tro««. N. V. It » HT. Auditor
jr. p. M^fXTRI'VGH/lll,GAS, INWRANCE, BANK STOCKS. Ac.
Orders Solicited for Securities Offered at theAuction Sales.
No. »« Pl.->r. .-1 ri.i..KT. N. Y.
Ifluitnctal.
Fifth AvenueHOTEL,
I?Iadi§on Square, IVEW YORK.The Largest. Beat Appointed and Most Liberally
Manaffed Huto! in the City, with the Most Centniland DeUxhtlul l^ocatlon.
HI'i't HCOCK. DARLINa & CO.
Spencer Trask & Co.,
Bankers,HAVE REMOVED TO
i6 & i8 Broad Street,(Next Door to Stock Eacehangt
)
Branch Offices:
VniLADELmiA.ALUAXr, N. T
PJiOXlDENOE, K. r.
SARATOQA, N Y.
mMnqnU
mmmHUNT'S MERCHANTS' MAGAZINE,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATE?,
VOL. 38. SATURDAY, MAY 31, 1884 NO. 98?.
CONTENTSTHE CHRONFCLE.
Thft Flnauoliil Situation 6:9Lessons Wlilch tho Puaio
'IVilrliCS.. 632The Cnitliiucd Diinluutlon ofOur F.'ivijirn Trade 6S3
EiiKlaiid and E.uypt-The Con-feri'iiiT 635
Ri-tiiriifi of tbn BaiikH of tlieDominion of Cnuada forApril 30, l!-84, «3fi
„ THE BANKEKS' GAZETTE.Mono;- Markat, Foreljcii Ex-change, U.S. Securities. Stateand Kaiiroad Bonda andStorkx 610
Range In Prices at tbe N. Y.Stouk Exohance 6il
Monetary and Coibmerolal7EiDrllnh News 038
Inii'ortsand Ex ports for April.IBS I. Mild for the Ten andTwelve Mouths Ended April
.3(t, 1;81 038
(Joiumercial and MlsoellAneousNews 639
Quotations of Stocks and Bonds 642Now Yoi'k Local Seourlrics 613Kaiiroad Earnings and BankReturns 611
Investmouts. and Mtate. Cityand Corporation Finances... 015
%\xt ^hvoniclc.Thb COMMBRCLU, AND FiNASCIAL Chboniclb m pvMUhtd in
Neva York every Saturday morning.En Cered at the Post OtUce. NewYork.N.Y.,a8 second-class mall matter. |
TERMS OF SUBSCRIPTION-PAYABLE IN ADVANCE:For One Year (iuchidiug postage) $10 20ForSix Months do 6 10Annual subscription In Lflndon (Including postage) «2 Vs.Sixmos. do do do *1 88.
These luioes include the Investors' Supelement, Issued once in twomontlis, aud furnished without extra charge to subscribers of tbeChki>ni(;i.k.
Subsiriirtioiis will be continued until detaitely ordered to he stopped.Tho rubli^hers oanunt be responsible fur remittances unless made byDrafts or I'osi^OHlee Jfoney Orders.A neat tt!o cover Is furiiLsbed at S(\ cents; postage on the same Is 18
cents. Volumes bound for s'lliseiiiierj at *l on.O01ce8 in Kuglaud.
The ottioe of the Co.«Miiii<.i,vi. .\-m> l''i-..isciAi. Chronicle In LondonIs with Messrs. Edwaiius & hmitii, 1 Drapers' Gardens, E. C. wheresubscriptions and advertlsenients will be taken at the tegular rates,and Hiii!;lB copies of the i)aper supplied at Is. each.The ottloo of tho Chkoniclb in Liverpool is at B 15, Exchange
Buildings.WILLIAItl B. DANA. Ic Co., Publliihers,79 &: 81 Wllllaia Street, NB%V YORK.
I'ci.ST OKFKJE Bo.t Ua-'.
WIlXtAM II. DVNAJOII.S O. FU)VU fOn page 638 will be found the detailed returns of the Banks
of the Dominion of Canaiia for April 30, furnished ua by the
Deputy Minister of Finance, Mr. J. M. Courtney. The returns
for March 31 wore published in the Chbonicle of April 36 onpage 493, and those for February 39, in the issue of March 29,
on page 376.
THE FINANCIAL SITUATION.Tlie improvomiMit noted last week has made further
progroM this wook, and in tlio very same directions then in-
dicated, ft should ba remambered, that this has not been
strictly .spaakinj^ a financial nor a commercial panic, but a
moral panic. Corauiercially we were in a conservative
condition, anvl financially we were by no means extended;
on tho contrary, capital was abundant, interest was low, and
morcliants were comparatively out of debt. But the public
has boen in a di.strustrul attitude ever since the third
week of February, when^it first realized the danger there
was from silver coinage—so distrustful that our banks lost
S.'iJ^ millions of deposits from that date to May 10th.
With .such a Start, tho ilomoralization produced by the
frightful dovelopin(>nts in the financial institutions of this
city can cause no surprisi;. For tho moment all of thorn
wore disti'usted, but tho impregnable position they quickly
assumed as a united body, speedily checked the delusion
and confidence has been growing ever since.
We are therefore very much better ofE than we were »week ago, though so long as silver dollars are coined tha
recovery will never be complete. A source of no little
strength has been tho very decided flow of foreign capital
this way ; it has had a reassuring influence, besides having
directly helped to steady values at our Stock Exchange.
There has been much discussion as to the extent of this
movement, but the fuller mail advices this week from
London, taken in connection with the very decided fall in
the rates of sterling exchange in face of the fact tkat our
foreign trade is running so decidedly against us, together
with thb information obtained from our own bankers, leave
no warrant for doubting its importance. In fact we learn of
large amounts of securities being sent forward, not only
first-class investment stocks, but also a good supply of rail-
road mortgages which have been picked up at the lower
rates prevailing. And we are inclined to think that
this movement once begun will continue, since capital
is very abundant in London, and if discrimination ia
used, railroad property can bo obtained here which
is well worth the purchase even at higher prices than
"now ruling. It is evident from the trade figures for
April, comment upon which is elsewhere made, and
the less favorable trade for May, as the New York
movement indicates, that the only dependence of the ex-
change market for bills must be the sale of securities or
foreign capital drawn here by reason of our improved rates
of interest. As to breadstuffs speculators, they appear
determined to pursue tho poUcy of artificially maintaining
prices above the views of foreign buyers, notwithstanding
the fact that not only here but the world over the present
promise of the wheat crop points^to a very abundant yield.
The recovery which is in progress has been matenally re-
tarded by the new evidence constantly coming to light with
rofei'ence to the failures which were the immediate cause- of
the panic, and by fresh developments of faithlessness and
fraud in connection with corjjorate management elsewhere.
Last Saturday tho West Side Hank closed its doors, after ac-
knowledging a defalcation yn the part of its paying teller
of $85,000. An examination of its condition shows how-
ever that its capital is unimpaired, and that even a surplus
remains ; but in tho disturbed state of credit, and with
the defalcation announced, it was feared that its deposits
would be very rapidly withdrawn, and thus a heavy burden
be laid on any bank which should undertake to act as its
agent; hence, as it could obtain no one to redeem for it, it
was forced to suspend. It is announced now that it will
resume operations today. The Ponn Bank of Pitaburg,
which reopened its doors last Saturday, closed them again
on Monday, and tho developments since then seem to point
680 THE CHRONICLE. (Vol. xxxvm.
to a most disgraceful state of facts, the frauds committed
almost passing belief. Thursday it was announced that
receivers of the Wabash raih'oad had been appointed.
These and other somewhat similar, though less important,
developments, have served to prevent that speedy return of
confidence which so many anticipated.
A class of operators on our Stock Exchange have also
been busy endeavoring to keep up the general nervous-
ness, and have undoubtedly had some influence. One day
it was announced that money was loaning flat, the object
being to convey by that statement the idea that the hold-
<5r of the money had no confidence in the banks,
and considered it safer to let it out on good security with-
out interest, than to put the money into any of them.
Another day it was proclaimed that Clearing-House certi-
ficates were selling at a discount. The foolishness of such a
statement is not known to the large body of depositors. For
the sake of such it may be well enough to explain that tliese
certificates cannot have any vitality outside a bank. Any one
of the Clearing-House institutions who desires them takes
to the loan co.nmittec its bills receivable as security,
and obtains in return certificates in amounts of say
$10,000 each, which can be used to pay balances at
the Clearing-Hous3. As 6 per cent interest must
be paid on these certificates, and as they can bo
turned in and canceled at any time and the interest stopped,
one readily sees the absurdity of the idea of their being sold
below par anj'where. Still, suggestions like these are to
some extent disturbing oven now, as the public has been
so thoroughly friglitened; it is really more natural to be-
lieve that the loan committee are taking nothing but
"chromos" for collaterals, than that the paintings it has
received are simply one among many pieces of evidence of
an earnest effort on the j^art of the late president of the
Metropolitan Bank to make every restitution possible for
the losses incurred through the poor securities which mayhave got into the bank by his influence.
The actual progress we have made this week towards a
better state of things is pretty fairly reflected in the re-
covery in values of stocks and the improved feeling in the-
market. There has been good buying, more than the
mere covering of short contracts. In addition to the
takings on foreign account already referred to, strong
combinations have been formed backed by large amounts
•of capital which has been borrowed on long time, the in-
tention apparently being to support properties of estab-
lished value, and thus help to restore confidence. It is
not to be expected that there will be any continuous rapid
rise ; it would not be supi^orted even if it were possible to
effect it. There is too much distrust still, too many ele-
ments of uncertainty remaining for such a marktjt. But
earnings continue fairly satisfactory, and though it is to be
expected that, during the summer, traffic on the trunk lines
•will be light, that Delaware Lackawanna & Western and
Reading will, for the present,suffer more or loss loss from the
partial suspension of mining which has been agreed upon
by the coal combination, and indeed that exceptional
influence may operate against other stocks, yet
during succeeding weeks the general conditions ouglit to
improve, and values improve with them.
Pennsylvania Railroad's exhibit for the month of April
is more favorable than that of any other recent month, and
is interesting as showing the importance, in any estimate
bearing upon the future, of making allowance for the pos-
sibility of largo reductions in expenses under the cheap-
ening of the cost of fuel, materials, supplies and probably
also labor later on. In proportion as expenses have in-
creased in the past is there room for reduction in the
future, and the Pennsylvania certainly has been adding
very heavily to its expense account in recent years. Mea-
sures of economy, too, it must be remembered, do not
show their effects all at once, but are rather progressive in
their growth, and need time for their development. In-
this view, the figures of the Fennsylvatiia for tlie
four months of the current year may posse--
greater significance than has yet been attached to them.
Thus it is to bo remarked that on the lines east of Pitts-
burg and Erie there was during January and February a
heavy decrease in earnings, accompanied by only a small
decrease in expenses; in March the decrease in expenses
was much greater, and came nearer to equalling the falling
off in receipts, while now in April gross earnings have
increased $94,.559 over 1883, and yet expenses have been
cut down §132,066 in the same time, which is the best
proof attainable of an increased economy in operating. It
is fo be noted further that business could not have been so
bad as many would have us believe when the Pennsylvania
can show a gain, however small, in earnings, and particu-
larly on a 15 cent rate for through business between
Chicago and New York. Of course, the Pennsylvania's
stronghold is the local traffic, but it was not supposed,
that this could escape the effects of continued business
depression. It may be, however, that the benefits from
coal traffic,of which it is known the road had a larger amount
than in the previous year, may have offset the diminution
in other items. On the lines west of Pittsburg, where
there is less local traffic, the influence of the lower rate
would be more decided, and here there is again a falling
off, though much smaller in amount than in the preceding
months. Below are the results on the combined lines for
six years.
Lima Bast of
PUtsburQ 1884. 1883. 1882. 1881. 1880. 1879.
April.
Gross earnings
Operat'jj expeases.
t4,158,809
2,461,853
tit.4,001,750 3,S5J,8.;r
2.593,910 2,586,53;,'
t3,700,372
2,104,582
t3.488,38
1,992,784
2,630,022
1,598,994
Net earnings. .
.
Western lines
1,694,456
+49,682
1.487,831 1.310,311
+12»,382| +10,557
1.655,810
+18S,001
1.405,58a
+20.S,04S
1,031,028
-98 .668
Result
Jan 1 to ylprtl 30.
Gross carninjte. . .
.
Operut'g expenses.
1,744,138
15,159,002
9,770,180
-315,'08
1,:0.',2I3
15,802,703
10,161,802
],83:),868
14,418,211
9.';59,2U
2,144,471
13,889,505
8,C6y,501
1,783,630
12,794,670
7,iS«,369
934,862
10,314,553
6.103,786
Net earnings...
Weslern lines. ...
5,731,01"
+401,022
4,880,000
+7,371
5,830.001
+1409.31
1
5,605,310
+1317,177
4,210,788
+52,783
Result 5 073,914 6.132,032 4.806.271 7,229,312 6,922,487 4,263,551
We here see that on the Eastern system the net earn-
ings this year were larger than in any other April, but on
the Western linos the surplus (beyond the amount neces-
sary to meet all liabilities) was only $49,682, against
$124,382 last year, and as much as $488,661 in April,
1881. Still, any surplus at all is an improvement on pre-
ceding months, when there was a heavy deficit. This is
shown in the fact that for the four months we have a defi-
ciency of $315,808, against a surplus of $401,022 in 1883,
and* a suri^lus of between $1,300,000 and $1,400,000 in
1'880 and 1881. Taking both east and west lines, the
company is $1,058,118 behind on the four months as com-
pared with last year, and $2,155,398 behind 1881, but
about $200,000 ahead of 1882.
Philadelphia <£• Reading's exhibit for the month of April
shows clearly that the company's losses of earnings hereto-
fore reported have been due to the single fact of a largo
restriction in the output of coal, and not in any degree to
a falling off in its general business. For the four months
to the end of March, the company had, as Mr. Gowen
showed in his letter to us, twice as many idle days at the
mines as in the corresponding four months of the preceding
fiscal year, and the result w'as, that there was a comparative
falling off in the net earnings available for interest and
other fi.ted charges of over two million dollar?, allowing in
this for the loss on the Central New Jersey lease. In April,
Mav 31, 1884.] THE CHRONICLK (531
iwovcr, the company had only six idlo days or tli(' khmio
uuinl'cr as in tho proccdinj; year, and cou.soiiiii'iilly
its net earnings for tho inontli not only show no fuliin(.5 ofl
rom 1883, buti on tho contrary, exhibit an increaao, cvun
uftor taking into acoount tho loss on tho' Central »t NewJersey lease, which is this time small. Tho increase, of
' oiirse, roflocts tho larger movement of passengers and of
merchandise freight, and hero wo uoto that tho nuinlxT of
])a.ssongers carried during April, 1884 (after taking out
ilioseou the Central Now .Jersey), was 1,135,73!), while in
April, 1883, it was only 1,033,827, and that merchandise
freight amounted to 049,032 ton.s, against 5(>2,)4(! tons.
Tho company states its total net earnings for April this
year at $1,410,951, against $817,128 last year, but of
iMurse that does not afford a correct comparison, since tho
( .'Utral New Jersey added $4CG,G2C to the total in the
present year, but added nothing last year. In tho following
table we present the results in such a way as to permit of a
dii"ect comparison.
rkiladelphia <t Rtadlng RR.April. Fire ilonlhf.
1884. 1883. 1833 S4. 1882-83.
Not Ciiriilngs nf Rnllroart linesDeduct Ciutral ot N. .1., uet..
1,104*16146r,'i2(>
755,4251
1
$4,303,5511,405,953
3,58'6,219
Not on RcaiUnir proper ...
Add result on Coiil Co837,^35
+ loe,7907.55.428!+ 62,00©!
2.899,598-296,>.)tU
2.tifi2.<\3J
—100o,881
3.5P<i2I9+ 7'J;4.53
Total of boih rein panics..Loss on Couiral Icieo
!>lJ,32i—4^,017
8)l6,30s
917,428'
817,423!
?,'>5!<,G72
Actual net rosu;!; 3,595,753 3,'i58,072
, From this we see that taking out the Central of XowJersey net, and also allowing for the loss on the lease of
that road—in other words,taking out the rental in full, which
tho company had to meet this year, but did not have to
meet last year—the Reading had remaining $896,308 to
apply to its own charges for interest, rentals, etc., in April of
the present year, against $817,428 in the month of April
last year, an improvement of $78,880, which is by far the
best exhibit that tho road has made in any month of the
present fiscal year. Of course this gain could offset only
in small measui'e the heavy loss of preceding months; so we
find that to the end of April the company is still $2,002,919
behind the corresponding period last year, the net actually
available this year being $1,595,753, against $3,658,672 in
1882-3. As the road is so largely dependent upon the out-
put of coal for its prosperity, we may say that in May there
was a stoppage of production on nine days, against si.x in
April, but this should not affect the comparison with 1883,
since in May, 1883, tho stoppage was also nine days. In
June, however, it has been agreed to suspend mining for
twelve days, which is twice as long as in June of last year.
Pacific Mail Steamship Company is promptly to hand
widi a report of its operations for the fiscal year ended
April 30. ITie showing made will be considered a very
favorable one, especially when it is remembered the ocean
carrying trade the world over has been greatly depressed
of late, complaints of dulness and an entire absence of
freight being very numerous. The company's earnings
direct from passengers and freiglit during tho year reached
$4,403,071, which is atl improvement of $689,911 on the
preceding year. The report tells us that the increase, with
one exception, is common to all the company's different
lines, and we obsen'e that both passengers and freight share
in it, the gain in the formter being $258,873, and in the latter
$431,038. In addition to its earnings from passengers
and freight, tho compiiny received $384,828 from subsidies
and miscellaneous items, which raised the total of its
lecMnts to $4,787,809. Of this, expenses and all other
items of payment absorbed only $3,394,418, leaving a
clear balance of $1,393,481 on the year's operations. How
thi '» with
following btalomont.
1
t'Oflfle Mult. 1880-t. UHI.2. l88i-3. { 18M-(.
OmM I'linilnKH 4.0.57,28*34.5.8)3
•3.T«2,0«3
3H2,t3.'3.7i:i,tCO 4,403,071UM),I)0% 344,H24
Total 4,4U3,e48
2..543,0!»3628.7 12
4,124,715
2.47(1.013747.(.'-'rt
4,102,70} 4,7(t7,89»
•i.SS3.2.5fl| 2,7«7,t44nr:7,'*.-,!' (07,074
PaymenU —0|H>riilln»f exponw"OlUor pvyuieiila uud Int.
Totiil 3.173,705
1,2^»,443
3.2i!,
1M.1,I.,1,Hot n»ulr 111. .t-'i
liere wo find a considerable gain in not i'<' ii oa
1882-3 and 1881-2, and, contrary lo the rule among railroad
companies, also a marked improvement on the year l«80-U
which latter was a period when tho country at large wa« en-
joying such exceptional prospisrity. As thecompany's stock
is 20 million dollars, tho balance remaining is,a3 the directors
state, equal to nearly 7 per cent on tho same. The raciflc
Mail's position, both as respects finances and earnings, has
undergone groat improvement of late. Only a few years ago
it was on tho verge of bankruptcy, with its credit gone, its-
ships in part disabled and in part unpaid for, and a debt
beyond its ability to handle. Now its service is in good
condition, and it reports no debt except the $838,9 14 still
due on the loan from the Panama Railroad, and this is being-
steadily reduced at the rate of $20,000 i>er month and has
been cut down, to the present figure from .$1,400,000 in
1881. The liabilities of the company beyond tho Panama
loan are 'only $348,876 altogether, and against this there is
.$99.3,814 in cash on hand and $293,106 more in cVush items.
' Northern Pacific has this week furnished a telegraphic
abstract of its expenses and earnings for April, which
bears out the remark we made last week in reviewing the
figures to the end of March, namely that the not for April,
when added to the previous net, would suffice to meet the
whole of the company's fixed charges for the fiscal year.
On gross of $1,441,514, operating expenses are reported
as $598,167, which would leave net of $843,.^47. In tho
preceding nine months the company had earned $3,230,-
774, so this makes the total not -for the ten months of the
fiscal year that have elapsed, $4,074,121. Vice-President
Oakes, as stated last week, has estimated the call for
interest during the year at $3,882,341, consequently there
is a surplus of nearly $200,000, with May and Juno yet
to hear from.
Tho following shows relative prices of leading boniis
and stocks in London and New York at the opening each
day.
JtnvSe. VatfST. JfayM. Vav2S. itataa.
(Mtd'n w.v. Umd'n S.T. LoiuTti It.T. Umifn S.T.
prfcM.- prten. priccc.*
Izfio
prtcM.jpricM.*
12014 "'^<^
vrUw. pna$.' rriea.
lilOH 118-U8; 1»4n.S.4s,c.! 120 28 I20«
U.9.4Jis.'llO-!M* 113 noiot 113 iiri3« 113 110-674 ll«»
Krie ns« U% 1533 1SW 10-8J lOM is-os 1M4 w2^ con. 88-;3 50 flO-51 SQ no-u a»H B716 S6*4
ni.Cent. 118-34 no IM-IO um 121-63 ISO liSOtf 117H SN.T.C. lU7-6a lOTM lOT-an 306M IOH'g4 10W4 t SOS 104)1
Heading i3-m 2&« U-4P+ 28^ I5-D8t SVM iS-Oit S7)4
Ont.WnSt.-Paul. 6769 aii« 6H-8S 70 ' TiM 71X l«-SI •»,«4
Can.Fac. W14 4SH «6-88 Wi *«-7} 47 4646 4S«
Exch'iw.
cables. 487 «a7 4-87 <•*««<
• Expressed In tbelr New York einiivnlent.
t Beadinj; ou \taai» of *50, par vuliie. ; Ex Interoat.
. The rates for money at tho Stock Exchange have been
variable this week, and governed more by tho demand than
by any other consideration. While stock»remauied largely
oversold, tho rates for money on call were quoted at from
1 to 3 per cent. After tho short interest was closed out
tho rato rose to 8 per cent on Wednesday, but later iu the
afternoon of that day it fell to 2 per cent That rates at
the Stock Exchange afford no indication, at preeent at
632 THE CHRONICLE. [Vol. XXXVm,
least, of the condition of tlie money market is sliown by
the fact that the very few call loans made by the banks
are at 6 per cent, and even at this rate on choice collateral.
The banks are doing nothing in commercial paper, and
what few notes are now being made are absorbed by
country institutions who are investing their balances here
in this security. The Boston banks report that all their
money is at home or in that vicinity, balances having been
entirely withdrawn from this centre. During the week some
large loans have been made by institutions other than deposit
banks in this city at from 5 to 5iJ- per .cent for six months
on government bond collateral. After confidence is fully
restored and when balances now withdrawn are returned,
the market will resume its normal condition. The follow-
ing statement, made up from returns collected by us, ex-
hibits the week's receipts and shipments of gold and cur-
rency by the New York banks.
Wwk BnAino May 30, 1884.
Onrrenoy.
Gold
Total gold and leKal tendera.
.
ItfCfived by
N.T. Banka.
t2,038.00O
SO.fiOO
i:Z,D68,000
Shipped by
N.Y.Banla.
1462.000
•080,000
$1,142,000
Net Interior
MtywmwiU
Gain tLBTe.OOO
Loss. 850,000
Gain. »926,00(
•Includes $180,000 transferred in tlio shape of silver ceitifleates,
by a deposit of gold in the Sub-Treasury.
The above shows the actual changes in the bank holdings
of gold and currency caused by this movement to and from
the interior. In addition to that movement, the banks
have lost $500,000 through the operations of the Sub-
Treasury. Adding that item, therefore, to the above, we
have the following, which should indicate the total gain to
the N. Y. Clearing House banks of gold and currency for
the week covered by the bank statement to be issued to-
day. Of course, the diSerent modes banks have of treat-
ing the Clearing House certificates in their accounts, and
also the withdrawal and redeposit of funds by savings insti-
tutions and individuals, continue disturbing features, and
make it practically impossible to forecast the actual result.
Wtek BnMm, -Kciy 30, 1884. Into Baiila. Out 0/ BanA* Net Cftange <»
Ban* HtAMmt.
Banks' Interior Morement, as aboveBnU-Treasnrj operations
f2.0«S.OO0 11,142,000
BOO.OOO
Gain. 1920.0CO
Lobs. BOO.OOO
Total void and lesal tenders $2,088,000 11.642,000 Gain. I49«,00(
The Bank of England return for the week shows a gain
of £105,000 bullion. This represents £46,000 received
from abroad and £59,000 received from the interior. TJie
Bank of France reports a gain of 3,736,000 francs gold
and of 2,889,000 francs silver, and the Baitk of Germany, since our last, has gained 8,354,000 marks. Thefollowing indicates the amount of bullion in the principal
European banks this week and at the corresponding date
last year.
Man 29, 1884. May 31, 1883.
Oold. Silver. aold. Silttr.
Bank of EnglandS.
24,133.96141,421.627
7,^82,750
& a.
20,497,811
40,354,233
8,054,000
&
Bank of FranceBank of Germany
40.506,063
23,648,25042,011.575'?4,1()2,000
Total this weekTotal prerloui we«k ....
73,443,33873.084,456
64,155,21363.727.1.53
68.906,014
08.910,81666,173,57565,972.777
The Assay Office paid $149,678 through the Snb-Treas-
ury for domestic buUion during the week, and the Assistant
Treasurer received the following from the Custom House.
Duties.
Consisting of—Sale. , ,
• Oold.u. s. Oold Silver Cer-
Nidai. Oertlflc's. 'tiftcates.
May 23. .. $197,985 89 $12,000 $30,000 $51,000 $104,000'• 24... 301.155 01 8.090 52 000 1J7.00(. 115, •);
" 26.. 557 978 03 16,000 133.000 196.000 2l3,00<j" 27... 505.970 1)3 17,000 100,009 147.000 211.000" 28... 22'»,U5 15 5.000 01,O(M 53.00. 119.001)" 29.. 369,441 51 13.01H) 26.000 193 0i^> 139.000
Tn»"l ^? 161 (i1-. Ol •K-I .-' !f}->r, r>. (H-r—. r,.., «..:i •
LJi'o;SUA'S WJllCH THE PANIC TKAUHKS.Before the crisis in monetary affairs has wholly passed
into history, it will be worth while to note a few of the
lessons it teaches. They are not as a general thing new,
some of the more prominent of them having been very
forcibly presented by Mr. George S. Coe to the Clearing
House as long ago as 1873. But even those features, under
the changed conditions, come up with a new force now,
while there are others peculiar to the present time, quite as
deserving of attention.
A first fact to be remembered is that our New York city
banks really carry the reserve of the whole country. This
statement hardly needs asserting, and yet it is so important
in any discussion, and so often apparently forgotten or
ignored, that it seems necessary to recall it. A good recent
illustration, is the gold export movement since February.
That movement ended with the week closing May 3, and
our banks in their returns of that date reported only 84
millions specie and legal tenders against 111 millions Feb-
ruary 16, the week the shipments began, or a loss of 27
millions of dollars. From March 1 to May 1 the Treasury
also lost about 5 millions, and though the dates of the Trea-
sury returns do not correspond with the bank figures, still
taken together we see readily enough that the demand for
shipment fell, directly or indirectly, almost wholly upon
the New York banks.
This condition follows from the relation this city holds
to the trade of the country. We are in truth the general
Clearing House, and through the agency of our banks,
the country's products, whether of the west, south
or east, find a market. But if the needs of com-
merce were the only influence, it is obvious that no
more outside money would be placed here than sufiBcient
to meet the wants for the domestic exchanges. Under the
provisions of the banking law however, the country banks
are allowed to keep three-fifths of their reserve in this
city, while the fact that several of our institutions pay
interest on deposits, induces a general emptying in dull
times of the resources of the interior banks into the vaults
of their correspondents here. But the present is not only
a dull time, it is a period of great redundancy in our cur-
rency; hence as a result of all these influences (as stated
by us last week in the deposit figures given) the New YorkAssociated Banks reported their deposits February 16 at
363-J millions, on April 5 at 344 millions and on the 10th
of this montli (the Saturday before the panic) at 330 mil-
lions, while even at the latter amount (330 millions) the
total' was about 105 millions more than the amount held at
the same date of 1879 and about 130 millions more than
was so held May 10, 1873.
It may be asked why was there such a very considerable
decrease in deposits as 33^ million dollars beginning Just
subsequent to the return of February 16. The reply is
that the distrust which culminated in the panic, received
its first impulse about that date. It will be remembered
that the earliest shipments of gold were made the week
following February 16, and during the same week
Assistant Treasurer Acton, suggested to the Manager of
the Clearing House Mr. Camp, that possibly the Treasurer
might be forced to draw on his pile of silver dollars in
paying his balances to the banks. The mere suggestion of
such a necessity, brought to the notice of the public so
very sharply our silver danger, that the business interests
of the country took alarm. Our readefs probably have the
situation as it then existed well in mind. If there are any
who have not, they can recall the facts and prevailing feeling
by reading our article on " The Financial Situation," in the
Chronicle of Feb. 16, Feb. 23 and March I. It is
enough to say here that the alai-in, which was so marked a
May THE CHKONICLE (;:n
fcatia. .ti, ...... ......-, haa never been quieted since, and the
ieclino in deposits is not only palpable evidence of its
existence, but evidence also that it has all the time beenactively working. Perhaps Congress will one of these
days heed the lesson events are teaching, and remove this
<'!iuse which to so great an extent induces the prevailing
.iisquiotude, by stopping the coinage of silver dollars.
But aside from that question, the panic illustrates howgreat a menace to business these large unnatural deposits
become, which are piled up liere througli the inducementthe imyment of interest offers. They do not accunuUate
in obedience to trade requirements. If they did, their.slay
would have a degree of permanency not now possessed, or
at least their amount could be forecast and their average
known as accurately as the ordinary commercial deposits.
Vow they remain only while confidence is absolute, andnven then only so long as they ean earn more than they
can earn at home. In ordinary times, when business is
fairly active, they are drawn down materially twice a year.
On each of sucli occasions they causa a spasm in the
money market, and as that occurs usually at the period
when merchants require accommodation, it is especially
disturbing. In case of a panic, or during the prevalence
of any distrust, they are the first money to be needed,
while the amounts being large, makes their withdrawal at
such a time particularly harmful.
For these reasons it is obvious that deposits by interior
banks in our city institutions, increased under special
inducements beyond trade requirements, must always be
extremely sensitive and mutable. On the other hand, the
fact that the bank holding the money pays interest for it,
makes it necessary that it shall keep the money so held,
not subject to draft, but constantly employed. This again
encourages speculation, (particularly in didl seasons
when these deposits are largest), and leads the bank
to incur greater risks by accepting inferior collaterals
with small margins. Hence it happens that a
kind of deposit, very large in the aggregate, peculiarly
timid, sure to leave suddenly on the least disturbance of
credit and which should therefore be the most mobile, is
put into a form rendered under conditions of distrust
almost inconvertible. Precisely such surroundings as these
precipitated the late panic and made it so-alarming. First
came the accumulations; next, about February 16, the silver
fright, followed quickly by the steady calling in of these
funds, so that on May 10 they had been reduced 33^ millions;
this contraction produced in turn a strain which hastened
the startling disclosures of the Marine Bank, the Second
National and finally ended in the closing of the doors of
iixe Metropolitan (a bank that probably had more country
money than any other), causing a flutter among country
banks, which would in turn have swamped several other
of our city institutions had not the whole of them organ-
ized as one to resist the pressure. The conservative mem-bers of the association put their quick assets at the disposal
of their weaker brethren and the danger was passed.
With regard to the question these facts raise—whether
the banks that are more prudently managed and as a conse-
quence make smaller profits, should thus always help out
their neighbors that are more extended and make larger
profits—we have nothing to say. And still we cannot help
adding, that to one wholly uninterested, it would certainly
seem fairer, if there is always to be a pooling of assets in
an emergency, that there should bo a pooling of dividends
too. To the public this experience makes a strong appeal
in favor of conservative banking. All our industries are
at the mercy of the banks. These industries have
just now been imperilled and have many times before
been imperilled by thisvery^custom of paying interest on '
deposits. It is wrong in principle, it is very liariufut
in practice. If the interior bankn rotained their rntMrvo sthomo except BuHiciont for exchange purpoaea, thoy wouldafford Just 80 many little roscr
.
tncM*of urgent need. In this way i i ,[<»rt, asource of strength to our financial ayatom. And aomo auchforce back of our city banks ia especially eaaential now, for
their reserve has to do many times the work it did a fewyears ago. Not to mention other dependoncica, wo may.cite the trust companies, whoao deposit buaineas
ia 80 extensive, as wo have on other occaaiona
explained, and all of which rests for convertibility uponour bunks. The situation hero of the Clearing Hooaeinstitutions with referenco to trust and other coinpanie* ia
not very unlike that of the Bank of England with reference
to the joint-stock banks of London. There is no reaenre
in the city except what our associated banks carry. Wecannot therefore have stability unless we increaee it orgive it less to do.
THE CONTINUKD DIMINUTION OF OURFOREION TRADE.
,The returns of our foreign commerce for the month of
April, which the Blireau of Statistics has this week madepublic, are of the same unfavorable character as those of
the month immediately preceding. There is a continued
falling off in the exports, while the imports show no cor-
responding diminution, and the result is, that the merchan-
dise balance for J;he month is against us in the sum of over
4^ million dollars, while in 1883 it was nearly 4 millions in
our favor. The total of the exports is less than 50 milliona
($49,894,065) and is smaller than in any other April since
the year 1877. The same fact, it will be remembered, waaalso true of the March total, and that gives an idea of the
depths to which our export business has fallen. To showhow each of the four months to the end of April comparea
with the same period in the five preceding years, not only
as respects the exports but also the imports, we give the
following statement.
Merchandiu.
Exports—January ...
February .
.
MarchAprU
Total...
Import*—JanuaryFebruary...,
MarchApril
Total...,
60.409.: 94
64.82S,7S7
86.154,745
5l,.141.se2
1880.
«ee.997,lT3
50.9V<,8;3
7;.350.5»7
70.560.538
1S81.
t74,078.968
67,733,'0;
8S,0eS.7M70,885.«IS
64,931,091
56.806,533
68,613.878
07.903,376
ao.saosia
eesxxat77.651380
60.903 905
i7i,mi.93l 897,767,178 248,09.<,833244,734,538
33,515.840
33,3;3.41»
41856.811
42,130,101
1^2,881,771 856,108.975 212.933 13U :»0.748.11H
55,20«,48'<
55,617.471
70,886,561
74,S66,)55
45,884.858
47.759,193
60,-(fl,174
59,179,614.!_
C6,83«.894
98.^6.986
68.603,801
86,361,187
833,791.817
06.971,198
06.300.51 >
80,780.601
57,06.905
831.009.884
1884.
«78,989,007
06.vlO.4S4
4B.t>tM.oaa
e4.308.47a
04.710,607
6IJM8,7«a04.isa,oa8
>8l.444.9aa
The above exhibit is interesting as showing that the
exports for the four months this year are of smaller amount
than in any other year given,—even smaller than in 1879,
from which time the expansion of our foreign commerce
dates. It is true that in 1882 the exports were only a trifle
greater, but that was after the shortest crop season we have
ever had, against which the yield this last season was
incomparably better. The most significant fact, however,
about the foreign trade, ^as we have before said, is, that
despite the great depression in our exports, the imports
show but comparatively little diminution. Thus while the
value of the former has suffered a contraction from last
year of 44^ million dollars, the imports have been reduced
scarcely G^ millions. As compared with 1879, exports are
3^ millions loss, while imports are nearly 72 millions greater,
a difference against the present year on the four months of
75 million dollars. To be sure, in one or two other recent
inflated years, the imports have been even above the aggr^
gate of this year, but to make it apparent how very heavy
they still are, we need only say that the total for tlie four
GM THE CHUONICLE. [Vol. XXXVIII.
months is at the rate of nearly 675 millions a year. That
in a period of general distress and groat business depres-
sion, wG keep on importing at such a rate as this, is, as we
have taken repeated occasion to say, one of the r(;markable
and peculiar features of the situation that can only be
explained by the effects of oiir currency system, wliich does
not permit gold to occupy its proper function in checking
any tendency to undue expansion. As an evidence that the
importations were not going into consuTnption, we cited a
month ago the increasing stocks of goods in the warehouses,
and the same tendency is still manifest, for the total which
on March 1 was $.30,907,627, and on April 1 had risen to
$33,330,212, has now been further augmented, to $34,201,-
226 on May 1. On the latter day in 1883, when the enact-
ment of the new tariff law caused the holding of goods in
bond, the total was $42,308,101, but in 1882 it was only
$28,400,420. To show how the merchandise exports and
imports compare this year and last, at each leading port, for
April and the four months, we give below our usual table.
EXPORTS AND IMPORTS OF MERCHANDISE AT U. S. PORTS,
Exports C Domesticand Forci(/nJ.
Sew YorkNew Orleans...J^altinioreBoston, &oPliiladclphia...8au Fraiicisco .
All other ports.
Total
Imports.New YorkNew Oi leans...BaltimoreBoston, AcPbiladeliiliia ...
San Francisco .
All otlier ports.
Total
1881.
April. Since Jan. 1
.
23,a3,'i,e380,010,62.53,533,6765,157,1373,013,63.=i
2,73i.51(5,57S,63s
40,894,065
3."..55 7.938l,3f>8,!)941,040,6505,987.3063,110.h323,!^30.53't3,57d,980
54.163,063
97,203,48139.922.20.T12,632,48820,182,56!ll,171,<3.i11,289.24048,879,248
241,3 lO.SCt
1574
322121111
.892,881723,4>7,46633^,68 J
,971551,•'81
,7i<7
.3 8
539,
224.441,9091
1383.
April. Since Jan. 1.
28,101,408,325.5-<83,77»..':i70
5,101.2872,6.55,0431,968.83.5
10,773,178
60,903,005
37,090,43
1
881.9271,299.001C,i»:-18,305
3,661.71:3.102,6553,972,773
57,006,905
117,560.02541.761,19518,597,15220,69 1.14612.492.81514,807,671511,875,213
.;65,791,217
161,013.5343,166,9964.839,' 24
21,83H.0S4ll,lS6,il013.536.52812,479,318
231,059.224
It will be observed that the falling off in the exports is
by no means common to every port, Boston, San Fran-
cisco, and Philadelphia, all showing an increase, and this
calls attention to the fact that the shipments of wheat
during the month were considerably heavier than in April
last year. The break in the speculation in that cereal had
a very good effect on the export movement, and while in
April, 1883, only 3,96.'),802 bushels of wheat and 608,827
barrels of flour went out, in April, 1884, we shipped
6,114,526 bushels of wheat and 728,362 barrels of flour,
which seems to prove that Europe will take our breadstulls
at a price, and that it is not so much good crops abroad as
it is the senseless speculation in prices here that has tended
to retard shipments. This increase in the exports of wheat
would have made the total breadstuffs exports heavier than
in 1883, except that it was accompanied by a very decided
falling off in the movement of corn, of which only 2,756,549
bushels were exported in April, 1884, against 5,166,882
bushels in 1883. Prices were somewhat lower than a year
ago, but would still appear to be too high for the foreign
markets. The ports that did not have their gains in wheat
offset by a loss in corn, are the ones that have larger export
totals this year than last, as shown in the table above—,San
Francisco being the chief of these. How the leading ports
have fared in both the breadstuffs and provisions move-
ment, is set out in the subjoined exhibit.
EXPORTS OP BREADSTUFFS AND PROVISIONS FROM LEADING PORTS.
1S84. 1883.Sreadstuffs.
,
Spril. SinceJan. 1. Ajtril. SinceJan. 1.
$ $ $ $New York 5,039,083 17,839,07f^ 5.627,637 21,899,363New Orleans 183,440 1,2:<0,517 l,017,3u0 4,490,888Baltimore 1,955,473 6,149.891 1,836,738 1 0,2 11.4 s?Boston 1,763,321 5.833,.50 1,284,4; 4,495,838riiiladclphia S10,!(ti6 2,389,41£ y67,0S9 4.405, 9;i(i8an Francisco 1,643,756 7,4SS.»;i-, 971,252 10.633,1)96
846,516 4,156.33; 758,513 2,770,940
Total 12.257,185 45,084,6ft' 12.465.979 01.916,448
Provisions, <^e.
Ni'wYorlcN'ew Orleans...BallimoreBostonPliiUiilelpIiia...
San Francisco
.
Other ports
1831.
April.
Total*.
3,727.3977.7 1 3
.•^3,533
616,18.39H,91663,348
385,8 8
5,203.927
\Since Jan.l
13,147.7944 0,2111
126.7373,691, V-3I
2.I40.46O169.77:
2,597,796
26,923,07H
1883.
April.
5,0 1 1 .767.191
87,2(;31.':(19.'167
5,50,1(1146.131
2'-'4.241
7,775.362
Since Jan.l.
*27,?-78.(;4^
31.1:>0f-3'.817
5.9 8.1003,131,698
172.1-J.51,268,631
38.080,552
* Not incliidlns live stock.
Thus there has been a loss of $208,000 on account of the
breadstuffs exports and $2,512,000 on account of tho pro-
visions exports, or together about 2| millions for the
month. But the loss in the total merchandise exports
reaches over 1 1 millions, so we must look for the greater
part of the decrease in some of our other staples of exports,
and we find about the whole of it in the item of cotton.
The price of this commodity was nearly a cent and a half
per pound higher than in April a year ago, but the ship-
ments were only 186,098 bales, against 388,058 bales in
1883, entailing a loss of between 8 and 9 million dollars,
which with the falling off in breadstuffs and provisions,
suffices to account for the 11 millions decrease recorded.
There was, besides, also some falling off in the shipments ofpetroleum, if the figures of the movement at New Yorkmay be taken as a guide.
In the provisions and . dairy exports, the decrease is
ascribable not to a contraction in any one item, but to ageneral falling off all through the list. In beef productsthis diminution is not so pronounced, but in what are termedpork products—more particularly bacon and hams—tlio
decrease is very heavy. Dairy products, too, fall beliind
last year. In the following table full details are furnished.
EXPORTS OF PROVISIONS IN APRIL AND SINCE JANOART 1.
Quanlily. Value.April.
1881. 1883. 1891. 1883.
Live Slock— $ $Cattle No. 15,707 10,032 1,484,844 1.023,299Hoirs 974 16 11,620 16J
Beet Products
-
Beef, canned.. 171,572 290,053Be..f,tr(8U,lbs. 12,041.286 10,082.057 1,205, 180 1,000,423lie.^r, salted. .
.
3,362,127 4.078,875 206,191 371,381Tallow 5,030,003 5,154,189 366,693 425,528
Pork Products—9,156,050 21,81.5,615 1, '111.692 2,300,365
634,602Haius 2,727 055 5,003,191 341 771Pork, fresh,salted, &o.. 2,596,871 .^,852,085 227,122 563,337
Lard 13,617,627 13,967,415 l,303,4i9 1,585,419Vairii Prod\ ts—Buiter 777,448 1,482,185 129,433 244,409Cheese 2,590,537 2,240,!72 '237,060 286,744
Total •5,263,927 •7,775,363
Since Jan. 1.
Live Stock —Ciltlo No.Hoss
1
Beef Products—Beef, canned.. 970,413 1,407..361Bei-f.fresh.lbs. 42,027,0i7 3?.673.<il5 4.-Jl:-i.l87 4,013',6o8Beef, salted .. 13,017,^63 17,214.408 1,068.941 1,531.118Tallow 19,i67,426 15,6oO,07e ' 1,510,554 1,251,811
Pork Products—Bacou 00,522,230 130,205.669 8.869,561 U,.30f;,7t3Uams 17,380,5 -^O 24,521,015 2 177 106 3,011,173P.>rk, fresh.
palted, &e... 15,228, 2!>2 21.89(;,312 1,303.623 2,304.432Lard 48,774,763 76,197,580 4,743,753 8,613,757
Dairi/ Prod'cls—Butter 3,8:!6,842 5,375,970 6=i7,'i0fi 083,715Cheese l.',30l,206 10,436.710 1,347,046 1,106,709
Total *20,923.079 *38,080,552Not including live stock.
In tho breadstuffs exports, the leading features as
respects individual items have already boon pointed out,
namely the decrease in corn and the increase in wheat, andit only remains to mention that the shij6nonts of rye con-
tinue heavy and decidedly above the previous year, as
heretofore. Subjoined are the figures.
EZFOBTS OP BREADSTUFFS IN APRIL AND SINCE JJNDARY I.
Qnanlitii.1
V«<Me.ApHl.
1881. 1883.1
1881. 1883.
Barley bush. 34,955 13.675 17,212 8,462Com biLsh. 2,756,540 5,166,882
; 1,631,301 3,403.817Corn-meal bbls. 20,085 29,273 66.147 04,879Oats bush. 25,800 13.e98 12,800 8.309Oat-meal pounds 627.008 18.238Kye bush.Wheat bush.
576,993 213.921 410,550 188,7086,114,52ii 3,96,%,802 6,221,635 4,675,410
Wheat-Hour ...bbU. 728,362 608,327 3,850,171 4,086,304
Total '..... 12.2.57.185 12.465.979
May 81, 1»M. |THE CIIRONICLK 635
"
QuanlUif.1
1884.
IM.
since Jn II. 1.tS84.
n.Hiii'.iiH7'.'..'>U»
ir,).07i
18S3. 1888.
Hurley 1'"hIi.
CoiTi 1>iimIi.
C<>rii-iucal liiilH.
811.17022,^:)«.U(I
7a.400«
430,0172!i,7l>.-\.7S.'.
3,J47.3J1
121.14'.'I (,'..7-m
7.2H7,Ho:t j,i,<;rj.:i.io
2a9.;t77 21l-.,'14
Oiit-iiuul... l>i>iiiit(M.
Rve '""•I'-
WlH'iit I)imli.
Wlicul-llour ... liljls.
Totnl
8,0!>;l.lOll..'S>'4.107
li).;i7ii.(;;M
•J.ijl!7.40«
2:lU.8071.141.181
2l>.•.'.^9..'«m)
15.737,8702(!.ii4:i.r.jl
ll),ril!>,'J22
14->.OB4,nog 01.01(1.448
• No; stated i)revlou8 to July 1, 1883.
ENGLAND AND EGYPT—THE CONFERENCE.The Kgyptian question continues to be an absorbing
topic of public discussion. Tlie failure to bring about a
vote of censure in the House of Commons haa had but
littlo effect in allaying public excitement in England or in
revolutionizing public sentiment in outside conimunilio.s.
Interest centres in the coming Conference ; and the (jues-
tion of the hour is whether the Gladstone Oovornment is, or
is not. about to take a step backward under the pressure
of French influence.
The news, it must be admitted, is somewhat conflicting.
It is confidently asserted that the French Ciovcrnmont will
not be a party to the Conference on the basis laid down by
Mr. Gladstone ; and the Pall Mall Gaiiette, latterly one of
the best-informed journals in fjondon on all foreign
questions, makes the statement that Mr. Gladstone and
his friends have so far changed their minds regarding
the manner in which Egypt Ls to be managed for
the future, that they are willing that country should
be, placed under international control. On the other
hand, wo have the statement of Mr. Gladstone himself,
made not later than Tuesday last in the House
of Commons, that the Egyptian (Jonfercnce will be limited
to a discussion of the financial situation. The Pall Mall
Gazette gives particulai-s which would seem to imply that
it had received its information from no second-hand source.
If its statements are correct, the Conference will open
with power to decide all questions in regard to the control
of Egypt, reform of the present administration, and the
term of British occupation. It is certainly not easy to
reconcile the two statements. If Mr. Gladstone's language
is to be taken in its literal meaning, the Pall Mall CJazette
must be in error. If the I'all Mall Gazette is correctly
informed, Mr. Gladstone must in some way be concealing
the truth.
The situation is assuredly peculiar. It has been a com-
plicated affair from the first; but it has never been, so far
as appearances go, so complicated as now. It becomes
more and more apparent as time advances that Mr. Glad-
stone went into the Egyptian dilBculty with no definite pur-
pose, and with a very imperfect knowledge of what wa-s
wanted in]_the premises. In a letter to the London Times,
Earl Grey very clearly and very properly shows that want
of purpose and ignorance of the real requirements of the
situation have been characteristic of every step which the
Government has taken. The sending of the fleet was a
useless menace. The bombardment of the forts of Alex-
andiia only irritated the populace; and its one practical
result was to produce the conviction that nothing could be
done without an army, a truth which ought to have been
apparent at the outset. Similar mistakes were committed
after Tel-el-kebir. It was the duty of the Government
either to strengthen the hands of the Khedive, and allow
him to rule, or to grasp the reins firmly themselves.
They did neither. And so it has been at each successive
stage. According to Earl Grey such a series of purpose-
less acts will be fittingly crowned, if, after well-nigh two
years of occupation, England shall hand over Egypt to an
International Board of supreme authority, and retire from
the country.
It i« ([uite probable, howovor, that the end may not bo
in accord with those runiors, nor in accord witli tliu ti;nd-
oMcy event* «oem to indicate, Mr. OliidHtf^na may roo hiM way
out of the dilTicuIty ; and a.4 ho ha<i promiiwd to hi
Parliament, Ixifore the mooting of the Confemnco, u
of the interchange of views bolwenn Franco and England,
it becomes U9 to Mii><p<(nd judgment. It in not wonderful,
liowever, that Iuh late.Ht iitt<tranco9 in the IIoiuio regarding
Egypt and the Conference should have failed to give Mtia-
faction. His language Boomed studioiwly evasive ; and it
was fttit when he had concluded as if ho had hold back
Bome unpleasant information. In spite of all that he said,
the puVilic mind remains disAatisfied ; and there w a strong
feeling—a feeling amounting almost to a conviction—that
something has been done, or ia about to Ijo done, which
the Ministers are in no haste to reveal.
We attach but little importance to the idea of multiple
or international control. It matters but littlo to Germany,
Austria or Russia how Egypt is governed. In that coun-
try they are not largely represented, nor have they other--
wise great interests at stake. In the first instance, there-
fore, they were not slow to give their consent to England's
proposal. It is quite different with France and Italy. If
there should bo a conference, and if there should be a dis-
tribution of power, it will be impossible to prevent that
power being centred in the hands of those most interested ;
and, as we have seen, the really interested parties are
England, France and Italy, Now, it ia known that France
has demanded that Italy be represented on the commission
which shall be empowered to manage the finances of EgyT)t.
It is understood that Russia and Austria »nd Germany all
favor this demand. It is natural enough that France should
seek to strengthen her own cause by pressing the claiira of
Italy. It is very certain, however, that on such a commis-
sion Italy wouM be far more likely to bo with England
than with Franco," and it is not to be wondered at that
Bismarck should have so arranged it that no opposition
should be offered to this French proposal by either Austria
or Russia. He sees very clearly that England and Franco
will not agree in Egypt, and that if Italy should side with
England, as it is all but certain she would do, France would
be left without an ally in Europe.
Much will depend on Mr. Gladstone's promised explana-
tions and revelations. Parliament is stronger than Mr. ( Jlad-
stone; the people are stronger than Parliament; and the
Conference may yet be forbidden or rendered powerless.
tT^ The tablfs nf Vniled Slates Imparts and Export* for the month ofApril will oe fuitiul on page 038.
Wc.itern Union Telcsraph—Baltimore & Ohio.—AtBaltimore, May 21, Chief-^Justice Waite filed Iiisdeei.-ion m the
case of the Western Union against tlie Baltimore & Oliio .
Company, wliich lias Ijeen pending for a number of years in
the United States Circuit Court for Maryland. The Western
Union, as the succes-sors of tlie old Western Telegraph Com-
Parkersburg. flie Baltimore & Ohio Company conUMuieil that
the contract had expired, and that the Western Union Com-pany luvtl no right njmn its line of road, and that the Baltimore
& Ohio has been in complete p05wes.sion, and operation of this
line of telegraph s-ince 1877. The Court upholds the position
taken by the Baltimore & Ohio Corap.-iny. giving to the
Western Union simply the value of one wire, which was
tendered to it by the Baltimore & Ohio Company at the time
of taking possession of the lines in 1877.
Consolidated Vermont —Notice has lieen given tliat the
bonds of this company will not l>e exchangetl at i>ar ami ac-
crueil intere.st for the securities of the Vermont Central. ) 'T-
mont & Canada and the receivership, after June SO, pro.xin!".
and that interest will be allowed up to that time on all IhhiIh
given in excliange, the same as if the securities liad l>een pri>-
Kented earlier. The object of this is to hasU-n the exchange of
tlie small amount out-standing of the «>veral issues.
Louisiana's Debt Amendment.-In the State .'ten.ite at
Baton Rouge a rcBolution was adopted for the apiH>intiiient or
a joint committee of tive from the House and Senate for the
investigation of the vote upon the debt amendment.
636 THE CHRONICLE. [701.. xxxvin.
RETURNS OF THE BANKS OF THE DOMINION OF ' CANADA FOH APRIL 30, 1884.
STAMB OF BANK.LUBILITIBS. ASHUTS.
Cnptfl
Paid
Up.
Reserve
Ftmd.
Kotes
tn Cir-
culaVn
Govern-
mentDepos-
its.
Otlur
Deposits.
Loans,
dccdueCrtd'drt
Banks.
DueFor^gn
Agene'if
S 2
Total
Liabtli-
tles.
Specie.
Do-minicmNoU-s.
Uther
checks
and!^^otes.
Jyuf
frovi
For'o?)
Agenc't
Ln(i7f8 ti)
G'lV'm't
Individ
nls. Ac.
14.»7.1136
17.045»i.^50
3.939
3.211
10,81 11
5.''06
3,097
2.553
436324
t9s
^3,170
29,1607.092
2,947825
737
1,230
7.790
13.8373,^88
6 208
3,626473
810
4,042
Over-
dueDebts.
13.
287
413
U24
17
81
1648;i
30
2
Securl
tUs&Heal
Estate.
16.t195
1.115
600
312
65
187
2112
40
AUOtiier
Assets.
*
21
4
1
17
16
20
2
10
Total
COOsoinitced.Assets.
Ontario.
Bank of T route. ..
Can. Bk. of Com'rce
Dominton Bunk
—
Ontario BankBtandard BankFederal Bunk .....
Imperial Bk. of CanBank of Ilamiiton .
.
Bank of OttawaWestern Bk.of ran.
Bk.of Lond'n In Cati
Central Bk. of Can
.
1.
I2.000
6.000,
1.500
l.fOO
803
2,953
1,500
9S4989
222
140
121
2.
«1,060
1,900030
835140
1,500
650
200
110
6
60Nil.
3.»
1,010
2,610
i,'-;26
1.465
53S
1.274
040
';o2
651
101
104
80
4.
t25
209
345
159
ir52
229
240
20
23
3.
«
4,422
11,4894.922
3,045
2.C235.5.'-0
3,132
l.OOS
1,398223
186
200
6.
t200167
211
898
SS1
1
4
090
SO!)
10
2
CO
25
198
337
74
6160
16
7.*12S
701
117
20U
450
121
40
1,760
18
18
t
238
544
90
42
42
S.
»1
1
2
1
4
8
67
S
..
1
8
9.
t8.840
23,0788,840
7,824
3,63^
12,3826,4763.637
3,120
562
431
411
79,227
43.97011,9583,491
1,808
l,2f54
1,556
93'fs
19,2334,656
7,435
4,88862?
071
4.892
10.t
271
787
17»
242
100
447
298lis
88
15
3
S
1.1.
I663
1,198400
442
141
670
369111
126
22
IS
63
12.t229
749302838
141
471
847
104
288
61
288"
13.t16
2.37753K
224
35
03
S5
144
151
14
20
IS-
IS.»9.202
23.«558,999
8.043
3.717
l'J,018
«.636
3,7793,2-24
657
893
419
Total Ontario .
.
Quebec.
Bank of Montreal...
•Bk. of Bilt.No.Am,
Banqnc du t'eus-le..
Ban.Jacqucs-Carti i
Banque Vil e Mafie.
Banoue d'll'cheiiiKa
tBjch'KC Bk.of t at
Molsnn's Bank. ...
Merchanta' Bank....
Banque Nation ile.,
Quebec BankUnion BankBanque de St JeansBan.deSt.Hy'c ntiie
East. Towi ships Bk
18,722
12,0004,867
1,600600
464
703
2,0005.7'22
2,000
2,500
2,000
22626'<!
1,449
6,880
6,000
981
Kll.
140
20
60
600
1,150
SO
825
10
35
350
10,607
5,238
648
259
198
345
299
1,496
3,194
694
640
678
165
760
1,182
3,6676
104
268
6546
02
270
30
76
440
26
227
39,084
16,3283,230
1,515
849
888
428
4,79a
S.0291,735
3,846
1,668197
507
2.087
2,498
2,006317
28
16
10
80
"seo
483
117
90
76
12
106
4,113
3,027
713
116
34
17
82
•617
816
261
192
124
11
S3
86
3,024
1,149
238
172
96
6U
6:
388
614
187
182
898
85
39
211
3,705
7,0.31
1.912
11
18
1
14
83
1,142
47
123
23
32
8
135
l.O.'S
273
63
202
230
41
110
108
629
170
452
21 ^
62
79
191
2,728
162
48
36
83
06
8If-
15
48
2,917
538
243
97
410
121
87
263
634
806
SIf,
440
19
18
1,S8
3,740
417
71
SB
125
2
26
23
11
1
103
773
85IS*
Sl]
17
S
87
26
14
66
6
1£
"i7537
26
H
44
1
18
1
SI,234
44,87710.5783.009
1,827
1,304
1,588
9,518
19,9424,862
7.577
4,080
64S
999
4,974
Total Quebec .
.
Jfova S otia.
Bank af Nova Fcotia
Merch's Rk..Haltfax
Peopl sRk.HulifaTUnion Bk., Halifax.
Halifax Bank'K Co..
Bank of Yarmouth .
Bxch.Bkof Y'rmthPlctou BankCom'clal Bk.Winds'r
3«,2il5
1.115
1,000600
60O
600
388
246
250
260
9,591
470
ZOO
70
80
60
20
SO
70
78
14,899
1,017
757
194
125
837
83
BO
169
5,507
173
120
18
28
42
47
5
27
47,397
3,240
1,828492
652
79027H
72
673
170
1,387
19
80
6
2
1
1
6
82
21
998
209
68
34
48
1
88
114
1
82
1
2
116,160
6,337
3,991
1.381
1.353
1,789
818
409
1,149
632
3 687
354
154
Zi
19
SO
2817
81
11
6,870
264
288
53
55
83
27
15
83
14
3,837
2872;951
218
(3
40
]1
276
10,600
624H
SJ
67
55
27
6
16
1
84,065
4,879
3,lf2
1,141
862
1,518
662
ai5
1,032r.73
117.051
6,391
4,071
1,415
1.379
1,798
836
424
1,165
655
Total Nova ^ cotia
Kexo Brunsivlclc.
B*k 0' N. BrunswickMaritime Bk. of CanBt Stephen's Bank.
4,859
1,000
686
200
1,068
400
Ml.60
2,827
442
296
168
400
109
117
25
7,994
1,438
601
123
17:
40
330
6
130
55
17,879
3,429
1,661
B'9
666
82
13
27
782
154
150
03-4
173
39
51
298
151
29
37
14,184 464
2,731 142
950 10
892 63
712
3S
46
15
96
le-
ss
18,134
3,487
1,280
DSS
Total N. Brunsw'k 1,886 450 907 251 2,084 40 6 5.-) 5.659 122 804 263 217
14.82-
4,0S2 216 9S 51
^,787
3,358
Oranil t-^tnl «1.7«2 1 7,989 •i'«.240l 7.400 96.5^9 2.5R.8 3,114 293 2IS.925 6.m5.3^12.ii78 8.850 165.510 4,roo 7.407 •.J2 1,771
* Sruteiiient of Caii-tidiau branclica only. i In liquidntion.4—Guvernraent deposits—Includes, $i,722,172 Dominion (iovci-nnient depositp, payable on dem.nnd; $290.4:07 Dominion Government de-
• po^it-s payatilc after notice or ou a tixed day; $ 17,81)6 di!;ioslt8, tield iis securi'y for executinii of D iniininu GoVKrnmenr, ciiiitraots
and for InsurancH companiee; $32 i,:-l^8 Provincial Government deposits, p:iyal)io on demand; $J,51l»,^i*8 Provincial Governmentdep'islts, payable after noticn or o i a fixed d ly.
IS—Other Deposits—Includes $12,180,223 other deposits, payable on demand; $3 1,038,633 other deposits, p.ayaV)le after notice or on a tixedday.
6—Loans. Ac—Inc'udes $1,235,623 loans from or deposits made by other banks in Cina'la, un8P0:ired; .*1,3.'> 2.783 due to otlier banfts In Canada.7—Due Forelsn Aaeneies -Includes $riO,74« due 10 Msi'ucirts of banlc. or to other banks or agencie.s in foreign countries; $2,9U2,9i6 due to
aifeiisies of bank, or to other banks or agencies in United Kinjaom.12—Other Checks and Notes—Includi-s $ .,5 w, i4ii notes of and chorks on other hanics; .$3,0S7.4.'>1 bal.iucc due from other banlts In C inadn.13—Duo fnnn Foreign Agencies—Ini-ludes .$H,16 = ,643 balance ilue from agencies of tlie bank or from other liank-i or agencies in foreign
countries; $1,650,79i b.ilanee due from agencies of the b.ank or from otlier batiks or iigHiicics in the Uiiitel Kinitdoin.14—Loans to Government, Indlvidtials, &c.— Inoluiles $ i,93J,lii-j; loans to the GovernmHUt of tlio Dominion ; *i,172.()30 lotius to Pioviucial Gov-
ernments; .$12,l!i2. -7 J loans, &c., secured by munieipil, Cmadian or foreign bonds; $1,481, 'ilS loins, &., oi current ai-ooutit touiiiniciiialities; $11,413,783 loans. &i., on curi-ent aoooiints to otlier corporations; $IS67-i21nns to or ilep vsits madi iti otiier banks,gecui-ed; $il6,676 loans to or deposits made iu other banks, unsecured; .$130,803,9 77 othsr current loans, discounts a'ld alvauees to thepublic.
15—Ovcrdii- Debts—Includes $1,8:54,578 notes, &c , overdue and not specially seeureC; $193,612 other overdue debts not sp'jcially secured ;
*i, 121, 116 overdue d'-lits, secured.16—Securifics and Real Esttite- Inclutles $107,019 Dominion Government debentures or stock: $I,3n2,''.7 1 piibl'c securities other than Can-
adian ; $1,1 )4,387 real estate (other than the bank womisos); $820,018 mortgaues on real estate sold by the bank; $1,102,314 bankpri-mi-ies.
^ouctarrriCfPommcrctal gucyllsTt Mtvas
RATES OF EXCHANGE AT LONDON AND ON LONDONAT LATEST DATES,
EXOHANOB AT LOlfDON—May 16. EXOHASaS OiV LONDOS.
On- Time. Rate.LatettDale.
M»y 16
Tiine. BaU.
Amsterdaiu Short. 121 14 a>12-2i4 Short. I20513Amstpn^aui
.
3 iiios. 123 «M2-3isHamlmrg... -'0-60 «20-K4 May 16 Short. 20 31Berlin ** 20-60 ®-.;o-tn .Miiy 16 " 20-4113Frankfort... *t 20'i.0 ®20«4 Miiv 16 <• 20 41Vienna " l2-28!lial2-33^ M.y l(i *• 12-17Antwerp **
20-'l0 a.-MA^ ,viay 16 " 2.'-.-21
Paris " 2o'33%S'23-433i .May 16 Checks 2.3 171sParts Checks .May Ih 3 um.-. 25 20Bt. Petersb'g 3 mus. 2S 78 3,24 May 1(> 2i»l(lGenoa '• 25-41 i4'?'2.3-46J4Ma<lrid *' 4K!>6^46H| May 16 3 mos. 17-60Cadiz 4lil!()«.4t)%
LlBlloll •' 5211035.3^8Alexandria.. May 14 3 mos. 971.JConstaut'pleNew York... On dem iSy->i„t,4Q-if May 16 Cables. 4-83Bonibav .... 60 d'ys la. 7%d. .Vav Ifi Is. 'SS-od.Calcutta ..
** la. T4|d. May 16 " Is. 7^,1:Hone »fnns:.. .... Miiy 111 4 mos. 38. 9.1.
Shanghai .. May 16 5b. l%d.
[From our own correspondent.)
London, Saturday, May 17, 1884.
Notwithstanding the serious difficulties which have arisen in
New York, there has been great calmness here, and evidence
is thus afforded of the stability of our position. Naturally
much anxiety is sliown, but the great depression in securities
in New York has brought forward a large number of investors
and speculators, and many of the leading stocks have becomescarce through their rapid absorption. There is confidence in
the belief that some very remunerative investments have been
made, and that speculators will, in a comparatively brief
period, realize substantial profits. The brilliancy of the weath-
er in this country, as well as on the Continent, together with
the fact that there is a large amount of unemploj-ed capital,
promotes confidence, and no doubt the heavy purchases which
have been made by England and the Continent of American
railroad securities have done much to mitigate the crisis in
New York,
There are many who believe that the greatest difficulties
have been met; but at the same time there is much anxiety
felt and a strong desire shown to ascertain if the crisis is to be
Mat 31. 1884 J THE CHttONlCLE 6S7
rostrictod to its present comparntivcly limited Bplicro. It
is quito poiwihle that amonRSt a certain clam of Bpccu-
Intors an effort will Im ma<Io on the (IrHt riHO to itocMiro
profits, and that a chccic will Ik; Riven to the preeent condition
of buoyancy. Yesterday, owing to their scarcity, Illinoi
Central 'and New York Central xlmres were "boii^clt in'
ngainst the sellers at 130 and 120'^ respectively, the markc i
prices lieing lasjij and 113}^. The present criaia will probablytend to draw the attention of the public to the intrinsic meritsof Beveral of the leading railways in the United States,
lately there has l^een a great demand for British securities
of undispute<l soundness, and up to the present time the upward movement in the value of Indian railway shares, municipa I
Becurities, Indian preference bonds and the debenture and pre-
ference stocks of British railway companies has been uninter-
rupted. But the point of value whicli has been reached re-
duced the return of interest to a low point, which will not l>e
Batisfactory except to those whose position is a fiduciary one.
The trustees of funds must obviously continue to purchasesuch Becurities in order to cancel their liability ; but a vast
majority of the public will not long be content with so low arate of interest as is now obtainable. We may yet see greaterchanges, more especially if we have a continuance of thepresent very brilliant weather, and if there should be a realiza-
tion of the favorable harvest prospects.
The advance in the price of money in the United States andthe fall in the sterlmg exchange has not had much influence
here, but they have led to a discussion as to the future move •
ments in gold. The telegram received to-day quotes the rate
for 60 days' bills at $4 81 and for cable transfers at |4 83. Ashipment of^old could not, therefore, occasion much surprise;
but there seems to be very little probability of the movementbeing in any degree permanent, unless the British public shouldtake more fancy to American securities and absorb themfreely. It. may be observed that the course pursued in Londonis not generally followed by thrifty provincials. The provin-
cials are slow to be convinced, and seldom move in times ofuncertainty. They hardly ever buy or sell at the correct
moment in tlie matter of Stock Exchange securities, thoughthey are clever enough, as a rule, in their own ' immediatebusinesses. An immediate provincial demand for Americanrailroad bonds is perhaps doubtful, but the holders of bondsare not likely to press them for sale under existing circum-stances and at the present low prices.
Notwithstanding that there has been a settlement at theStock Exchange, the money market has been very quiet for
short loans ht about 'i}4 per cent. The supply of bills in the
discount market has been very moderate, and at this period of
the year is not likely to increase. The market, however, is
regarded as somewhat firm in tone
—
1% per cent being the
quotation for three months' bills.
The following are the quotations for money and the interest
allowed by the discount houses to-day and same day of theprevious five weeks
:
middling upland cotton, of No. 40 mulo twht. f»JrM quality,and the Clearing IIouxo return for the pant woak, oompvdwith previoi>4 yaam i
Open market rates. Interest allowed
3 . for depftsits by« Bank BUIa. 1 Trade BUle.
honion -Si DiSC't WsfM
<S Three Four Six1Three four
j
Siz Stock At 7(ol4Wontdj Months ^rnnlhs Mnnths Mnntha] Month- Banks. Call,
lii
i>>Vl.
Apr. 11 ii4 2>*® - Zi«3^H •4H»Z »>K®2« iH»2H a«(B:i!j 1« '«-l«•• 18 2U« l«® - 1J)» - 2 3214 2 (a2^iH»^ms»H 1« IX l«-l«" iS 2!< l»«® - 1M»- -«a-l«92^« 9«S<2l<a3 1« 1«-I!4
May S. 2V, '^®1K 1«3 - 1J«® - 1«92« 8 ®2W\-ni'^H m l«-W- e 2W iva - IH^I« 2 (S.S^i' l%^2'4 2 WiM2M'93 i« iH-lH" IB 2H 1«9 - l«*15« 2«9 -'2 a2)4 2!<a2« 24** IM IM-IX
The Bank rate of discount and open market rates at the
chief Continental cities now and for the previous three weekshave been as follows:
Bates 0/
ItUerestat
Mav. IS. May 8. Mayl. Apr. 24
HankKate.
a
4
S3
S
4H
0»i«n
Markel
mm
2«B
«
BankIhUe.
34
8M85
46
OpmMiirkel
~2%'
2H8
2T4
8HS
mB
8Mn
BankItate.
84
3B
.1
OpenMarkel
""sira
38s<<
2HB8',
n
JItinli
rtatt.
84
SH8
8
4A
OpenMarket
Paris
Berltn
FrankfortHamburuAmBterdttin«. .
.
BmsselsMadrid
SM«?<
8Hi
2«B
SM6HSt. PetersburR..
The following return shows the present position of the
Bank of England, the Bank rate of discount, the price of
consols, the average quotation for English wheat, the price of
M t"1 3:^.6i'.fl^5 8ft.7-«7.74«(""•lU 7.il<'»,«t1 H.701.7»(l
•- 2n,r,li|,:mn 2S,44ll.»»7irlllr*. li.rt;)ii.!>77 l.1.KMI.»17•< •i\.:nn.n:i.% 2i.AT.o:tH
In 13,(.7.5,(n4 H.ViO.OuaOdIii ni
tMltll .li
Prn|i<>rli<iii i ii««'
t<i linlillltlu*
Bi»nlc r»t«
24,nM,8aO 10,8.^7,410
it, »v. prIcA<ii(l f'otr^tn ..
^". • in}ei twUt. ..
Cliuihiiirlloin'e ret'
n
<82H (>• o
tOl>l
M
32-394 p. 0.
102iSm CMl.
ell. •!
KM.
18)12.M
tn.fiin 4»of ,1' I IIW
i
rj, ,t H, 1)1(1
23.721,440
8 p. n.
4«n. llfl.
AM.lO^ll.
m«t
43<t
tu. Vti.
- 97.01.5,11.10 I^.^3lo.()<xl io2a<*i),fMKi inn.iot.ouo
In reference to the state of the bullion market during th«past week. Messrs. Pixley Sc, Aliell remark :
Colli —Tliirn lini l>pin but llllln InQiilrjr fnr :•'' •-•"- •>.. — -.i._
mill tlio riiiiik himpiircliiiKfl thu linlkif nrr vnl-OOi'. \Vn liiivii rccMvi'd £, Sil.i'OO rinni Now Yorkami £i l.S»2ii from tlin We«t IihIIi'm; t"t«l. Z ill."
SIlviTKrHiliiiillv imprnviil Klficeniir ln»t, iiniil 'i
wxMiilitHliicrl for )innii-<lliiln flliiiiiiini : i.|iii'o tli<"rxolianKex, <'oiiiliinn<l with » fii'.l In Ilio H. !-•'telidi'd to lower the lu^irk t, niiil the only qat wlilch r.itn the Hinoiitim to liitfirl fromhave liet-n plHRed. The arrivals are £ ii>.<ii,.<
from South Ain"rl<>a an •. 4«,37(i pur Went liiilme.'X.^Hi. riiw P. * o. 8to liner ••O.ko.tiw" HKm JE tO "Mexhan T)oI1iiib—Wa havn to irnoit tho arrival ol ,„- . ,,,„ .,n
Br. St " with « ! 4.5,0OO. and alwt £3,000 from thi- Wf»i InrtlM. Till*Ainniint hag been sold to-day at 5uU. per oz., aod the Uciuaud U •tUlliood.
The quotations for bullion are reported as follows:
Price of Gold.\
May 15. Maya. .V-iy IB.
d.
Mat».
«. d. s. a. i.
Bar Kold. flne....oi. 77 9 77 9 BarsllTer.flaa..os. 90 IS-IB •Kfk
Bar gold, contaln'ft Bar BllTer.contaln-
80 dwts. sllver-os. T7 10« 77 low liurBim.Kold..at. 61 3-18 SIMSpan, doablooas.os. 78 tt« 73 9H Cake sUrer ...oi. B4 13^14 MMS.Am.deubIoon8.oi. 73 8H 73 8H Mexican dols...<». 60 80D.8. KOldooln...(n. 76 3M 78 3X ChUbuidola os.
Oar. (told ooi n . . . OS
.
The new Indian 3 per cent loan has been a disappointment.
The amount has been subscribed, but only at a fraction above
the minimum of 933>^ per cent. The highest tender was £97,
but it was a very small amount, as applications at £93 lis. 6d.
will receive as much as 98^^ per cent of the amount tendered
for. The average price obtained was £94 4s. 2d. per cent.
A sum of £1,700,000 3)^ per cent debenture bonds of the
Southern Mahratta Railway Company, guaranteed by the
Secretary of State in Council for India dut of the revenues of
India, has been rapjdly taken up at pari
A new South Australian 4 per cent loan for £1,651,300 ia
announced. The minimum is par.
No weather could have been more favorable to the agricult-
ural interests and to the country than that which we have en-
joyed during the past week. We have had a moderate quan-
tity of rain and some brilliant sunshine. Vegetation has maderapid progress, and both the cereal and grass crops promise
unusually satisfactory results. Vegetable food is also becom-
ing increasingly abundant, and the consumption of bread is
therefore diminisliing. The wheat trade, consequently, is in avery inactive state, and sales are not practicable except at
some reduction in prices even from the present low currency.
Fine qualities of home-grown wheat are realizing a slight ad-
vance, owing to the improvement in the condition of the pro-
duce, but foreign wheat ia somewhat cheaper. The supplies
visible at this advanced period of the season are very considei^
able. The pastures are in a state of luxuriance, and our flocks
and herds are in a flourishing condition.
The following are the quantities of wheat, flour and Indian
com estimated to be afloat to the United States :
At prejuint. L<itt>rre>c. ImH uenr. ISM.Wlieat ors.l,7t:-.'.(lo» l.H ..=),<100 2.-.^10.mM» 2,4!'.0,nOO
Flour.. liliOO f r.m.O'O 21-«,000 2^<.000Indian corn JSi.O Ittf,^© 101.000 32J.0OO
In the following statement is shown the extent of the sales of
home-grown wheat, barley and oata in tlie 187 principal markets
of England and Wales during tlie first 37 weeks of the seasoa,-
together with the average prices realized, compared with 150
markets in the three previous seasons
:
BALKS.
18<«3-S4. 1S82-83.Wheat qrs. ?,«i5.S.vi l.»17.7:it
Barley S.Oiii.lO* l.n:t.'(.-iri
Oata 445,ISU •i.\'*.r-i
AVKRAOB PRICES.
18V2-83.«. d.41 a.S3 8%1
18«1492.1. ^l.-<:tSl.nnr 3 o
1883-H4.«. d.
Wheat perqr. .'»> 1Barley 'd*i 3Oats 1» 9
1881-92.r d.46!I2 n21 1
1.347.>»4al.H"-<.79J19 Vila
1880-81.
*i 1131 10Si &
638 THE CHRONICLE. [Vol. XXXVra.
CJonverting quarters of wheat into hundred-weights, the
total sales in the whole kingdom are as follows :
1883-84. 1882-83. 1881-82. 1830-81.
Wlieat owt.32, 149,000 33,311,000 27,425.580 23,303,700
^p'ThlsagRresratels arrived at l)y multiplying the sales In the 187marKets above by 3i.i. and that result is reduced to cwt. by luultiplyinK it
by 41-!. This proportion betvvooti the 187 markets and tlie totals for the
kingdom is adopted by the London grain trade.and Is accepted by it as
producing a result approximately correct.
The following return shows the extent of the imports of
cereal produce into the United Kingdom during the first 37
weeks of the season, the sales of home-grown wheat, the
average jn-ice of English wheat, the visible supply of
wheat in the United .States, and the quantity of wheat andflour afloat to the United Kingdom, compared with previous
seasons
:
niPOSTS.1083-84. 1882-83.
..cwt. 3e.704..'i.i0 45.645,21012,997,79310,330,1361,531,0651,893,867
13.972,00012,608,405
Supplies available for consumption (37
stocks, on September 1 :
1883-84. 1882 83.Imports of -wheat. cwt.3B,704,550 45,645.210Imports of flour 10,717,527 12,606,405Sales of home-grownproduce 32,149.000 33,311,000 27,425,S80 23,363,700
Total 79,571,077 91,562,615Av'ge price of l^ngllshwheat for season. (irs. 398. Id. 4l8. Gd.
Visible 8ai>|ily of wheatintheU. S bush. 21,200,000 20,700,000 10,300,000 17,700,000
Supply of wheat andflour afloat to UnitedKingdom.. quarters. 2,081,000 2,619,000 2,687,000 2,206,000
Eiifflisli ITIarltet Reports—Per Cable.
The daily closing quotation for securities, &c., at London,and for breadstutfs and provisions at Liverpool, are reported
by cable as follows for the week ending May 30:
WheatBarley 11,792,346Oats 8,075,367Peas 1,188,227Beans 1,707,558Indian corn 18.312,674Flour 10,717,527
1881-82.43.0:!4,1C810,138,55210,234,5501,382,2881,222,995
15,350,0156,772,017
weeks), not including
1880-81.41.070,3259,446,6866,541,0481,537,0971,727,499
24,446,9il99,481,714
1881-82. 1880-Sl.43,034.108 41,070.3256,772,017 9,481,714
7,231,705 78,915,739
468. Gd. 42s. lid.
London.
Silver, per oz d.C!onsols for moneyConsols for accountFr'oh rentes (in Paris) fr.
U. 8. 4»3S of 1891U.S. 48 of 1907Canadian PacitlcChic. Mil. <fc St. Paul ....
Erie, comiiiou stoo>.....niinols CentralPennsylvaniaPhiladelphia & Reading.New York Central
Bat.
50iBi„lOl'iB1011 678-72 1«
1131a12347146915
123145G%1-2!^
Ill
Liverpool.
Flonr (ex. 8tate)..100 lb.
Wheat, No. 1, wh. "Spring, No. 2, n "Winter, South, u "Winter, West., n "Cal., No. 1 "Cal., No. 2 "
Corn, mix., old... "
Corn, mix., new.. •'
Pork, West. mess.. H? bbl,
Bacon, long clearBeef, pr. mess, new.^to.Lard, prime West. ^ cwt.Cheese, Am. choice
Sat.
Mon. Tuet.I
501S18IOII4101%78-80U3>3123»347%C9I914~8
1203a5618I3I4
i0.)i4
50^8101 14101%79-0-213
113%123%47%71%16123%.•)6%
Ifs111
Mon. Tua.
9 87 a 7 8H H7 6 7 6
5 3 5 36S 6rJ
42 680 OI42 3163
». d.
11 38 77 49 8
42 6SO O
Wed. Thurt. Fri.
S013is101%mils78-6712115123''8
47%73''s15%
123>a.5718
I512111
50i;ii„
lOlM101%
xll3%123 1447137215%
12156%14
10t<>4
50i3ia101 Vt
101%78-721^II4I3123%47%73I31578
122
Wed. Thurt.
9 87 S7 107 4
5 -.L-h 5 2l«
«H HS42 H 4280 8042 3 42 362 6-2
7 10
14%108
Fri.
s. d.11 3
77 39 87 87 107 65 4I2
6342-2 O42 362 ]G2
68428242 6
IMPORTS AND EXPORTS FOR APRIL, 1884,
AND FOR THE TEN AND TWELVE MONTHS-ENDED APRIL 30, 1884.
[Preparedby the Bureau of Statistics and corrected to May 22, 1881.
Below is given the tenth monthly statement for the cur"
rent fiscal year of the imports and exports of the United States.
The excess of the value of exports over imports or of importsover exports of merchandise was as follows
:
Month ended April 30, 1884 (excess of imports) $4,268, flfi8
Four months ended .\pril 30, 1884 (excess of exports) 16,895,657Ten mouths ended April 30, 1881 (excess of exports) 78,912,413Twelve months euded April 30, 1384 (excess of exports) . .
.
70,2i,3,44-j
Tho total values of imports and of do:u9stio and foreignexports for the month of April, 183i and 1333, and for theten and twelve months ended April 30, 188i and 1883, arepresented in the following tables:
Mb^UCllANDISB.
GOLD AND SILVER—COIN AND BULLION.
1884.—Exports—Dom.—Gold,do Silver..
Foreign— Golddo Silver..
For themonth ofApr it.
,
$19,869,7991,202,4801,177,726848.815
Total
Imports—GoldSilver
Total
Excess of exports over importsExcess of imports over exports
1883.—Exports—Dom.—Gold.
.
do Silver..Foreign— Gold
do Silver.
.
Total
Imports—GoldSilver
Total
Excess of exports over ImportsExcess of imports over exports
$23,098,8^0$3,010,4291,006.275
For the 10months ended
April cO.
$34,055,86912,635,2,S14,;'i3.1l99,646.811
$4,016,704
$19,032,116
$323,424l,U5,t071,726,791573,069
$3,738,891
$2,311,3511,023,674
$3,335,025
$103,866
$60,52 i,:iu
$19,1.30.1 '<7
12.47fi.8''8
$31,B07.U35
$23,914,(^25
For the 12m'nths ended
April 30.
$34,830,53715,260,7924,940.708
10,755,155
$65,787,190$19,760,44813.975,158
$3,14rt,24l10.07i;,7611.922. .1926,4"8,?.59
$2U,6d4.^o3
$17,103,8389,250.9-14
$26,360,8;
$193,381
$.^3,735,601
$32,051,586
$26,923,04^12,026,24^2,171,6787.389,603
$18,515,570$17,565,65610,685,181
$28,250,837$20,264,733
TOTAL MERCIIANDISK AND COIN AND BDLLIOX.
'$72.U02,oS->58,179.767
Exce.ss <
Excess (
1883.-
Excess (
Excess c
14.813, lis
1881.—Exports—IJomestio ,$69,451,293Foreign
|3,541,.592
TotalImportsof exports over importsof imports over exports
Exports—DomesticForeign
TotalImportsof exports over importsof imports over exports
.t;672,105,16926.62 1.27li
$6.-8,8 19,44.1590.9^4 i.O »7
$lo'7,826,4:j8
$784,302,37332,-200.157
.$316,5UZ,530714,187,502
$60,572,2744.070.522
$6l.642,7U(.60,341,'>30
$1,300,B<>6
$713,739,60924,2.1 /,0tl
$/37.(i7(i,6,>06-28,475,'07
$109,500,813
$102,315,028
$831,755,08728.439,8^14
$860,194,901761,405,450
$98,789,451
The following is a statement showing, by principal customsdistricts, the values of merchandise imported into, and ex-ported from, the United States during the monyi of April,
1.884, and the values of imported merchandise remaining in
the wareliouses of the United States Api-il 30, 1884:
1881.—Exports—Domestic ... .
Foreign
TotalImports
Excess of exports over importsExcess of imports over exports
1883.—Exports—Domestio .. ..'
Foreign
TotalImports
Excess of exports over import*Excess of impcu-tJf over exportf
For themonth ofApril.
$48,379,0141,515.051
$49,894.06^54.163.063
4,263,098
$59,133,2431.770.662
*6('.903,9u557,0'.-i>,905
$3,897,01/0
.For (Ac 10m'nthtt endedApril 30.
$625,504,01912.794,316
$638,298,33>559,:i85,922
$73,912,113
$695,516,60:1 5,905,79 -
*7ri7422,397602,114,935
$10U,3y7,4b2
For the 12months endedApril 30.
$734,211,01416,504,206
J75o;7T5,34o680.451,898
$70,263,442I
$792,800.';9318,878.533
l$3U.679,331733,154,613
$78,524,718
Customs Districts. Imports.DomesticExports.
ForeignExports.
Remainingin wareh'seApr.JO.'S'k
$ $ $ $Apalachieoln. Fla 31 44,375 451Baltimore, Md 1,040,650 3,528,*;03 5,073 210,272Bangor, Mo 54,116
' ,
Bath, Me 2,114 75 93,376Beaufort, 8. C 71,790 ,
Boston A Charlesl'n. Mass. 5,987.306 5,030,442 76.695 6,964,319Brazos dc Sautiago, Tex. .
.
27,482 79.392 12,159Brunswick, Ga
3'i7'-200147,39322,817Buftalo Creek, N. Y 3,373
Cape Vincent, N. Y 25,798 12,913 1,100Champl.-iin, N. Y 143.092Charleston, S. C 15,793 338,201 367Chicago, 111 415 ibo 419.305Corpus Christi, Texas 51,581 93,<^'97 85,878 294Delaware, Del 46,4)0 492Detroit, Mich 174,764
179.78155,866
209,504343,6^358,934
i,:V09
2,16972,953
Galveston, Texas 49,893Genesee. N.Y 4,616
291,40559.79333,760
403.09419.208
257,063
33,772421
2,67
1
Key West, Florida 9S,474Minnesota, Minn 2,445Mobile Ala 55.051
52,266381,74217,210New Haven, Conn {2 905
New London, Cjnu 16,737 2,333 267 7,263New Orleans, La 1,358.994 6.030.018 10.577 389,402New York, N.Y 35,557,938 22,827.-291 1,00 -,547 21,562,919Niagara, N.Y' 231,857 878Oregon, Oregon 84,844 37,850Oswegatchie. N. Y 187,607 247.0.i2 1,151 7,418Oswego, N. Y 277,860 30,095 111.167Paso del Norte, Tex.A N.M. 123,242 62,54r 3.421Passamaquoddy, Me 33,657 38.233 2,507Pearl Kiver, Miss
"3,405107,793317,651Pensacola, Fla
Philadelphia, Pa 3,110,632 3,010,64-J 2,993 1,916.010PlyuKJUIli. Mass
276.640 562",286 26,-29837,830
Portland & Falmouth, Me. 1 20.3201,098
24,77630.124
Providence, K. I .... 16,798Puget Sound, Wash.Ter.. 11,631 150.000 96,151Richmond, Va 7K,104 123,063Saluria, Tex.as 25,163 17,822San Diego, Cal 3,955 53,796 2,30( .... ...
8au Francisco, Cal 3.530.554 2,651,744 82,772 1,766,591Savannah, Ga 110,059 326,359 7,148Vermont, Vt 424,8U 1-22,977 14,898Willamette, Oregon 76,397 260.697 41,843Wilmington, N. C 673 103,570
o-2',6a5
64,5^3
9i',556 \n193,684
All other customs districts 70,000
Totals . 54.163.063 48.379.0! ; 1.5; 5.051 3 4,201.226
^
National Banks.—The following national banks have lately
been organized:
No. 3,187 -Thi Montgomery Cmnty National Bank of Rockville, Md.Capital, $50,000. Joseph D. Baki-r. President. No Ciishier.
No. 3,188—Tlie Kiiruiers' & Mii-fhants' National Bank of Fn-raoiit, Neb.• Capital. $60,000. George W. E. Dorscy, Preslileut ; Check H.Timerav, Casliier.
No. 3,189—Tho First National Bank of Mis.souri Valley. Towa. Capi'al,
$50,000. Orson B. Duttun. President -, Jay G. Dutlon, C.ishler.
No. 3,190-Th6 Second National Bank of Beividi-i-c, III. Capital,
$75,000. Allen C. Fuller, President; Irving Terwilliger,Cashier.
No. 3,191 -The People's National Bank of Newark. Ohio. Capital,
$150,000. Gibson Atheiton, Presidint; John H. Fraiikilu, Jr.,
Cashier.
Mat ill. IH.SI.I THK CIIRONKM.R. r,80
M.I. <''><•! 'I.
If I',ml I. I ii.ll li'i it. I\ri-n, i'i r^iiiriii ; i iii'iiiiiini KllllltHilt,
C'.i»liini'.
No. 3,103- Tim Klrnt Niillon il Hank or Miriitlinn, N. Y. Oniiltal, ifW.WO. .1. II.Ti'i|i|i. I'ltMililciit ; I.viiirin AOani", CnHliior.
lio. 3,194 ~'l lio M>*trii|iiil1iuii National H:ink of l,iiuvriiwor(l>, KtUMiui.C.ipiliil, !!ilO",OUO. I!. I". CU'iiicn!, I'ruBlil.Mil. No Cadili-r.
iMPORTO AND E.XPORT.S FOIl TUB WrKK.—Tho importa of IllHt
week, oompareil with tlioso of the preoodhi}? woek, bIiow adocrwiso in dry Roods iiuil ivn iiiciv;is« in Konoral niorrhandiHc.
The total inipoi-tn were :jiM,30:i,;Mi,S. aKiiin.st if^^.KVS.O.'iIJ tho pii'-
ceding week and if9,'.ii)7,5"l two weeks jirevioiL-f. Tho expoilHfor th(^ week oudoJ >IayJ7 amounted to i|5,797,!i7t, against<,">, 114.601 liust weekUnd *4,8lia,:i."iO two weeks previous. Thefollowing are tho imports at New York for the week ending;
<for dry goods) May 3», and for the week on(iing(for Renernlmerchandise) May 33; also totala since the beginning of first
week in January:rOKEtON IMPORTa AT KKW TORK.
K.
dl<;
iin-
iny. of
For Week. 1881. 1882. 1883. 1H84
Dry KoodsUen'Imer'dlae..
*I.3-iO,S417,22i>,131
*1.951,9I99,974,7110
$1222,7944,733,758
$1,371,2136,9M2,155
TotalSitut Jan. 1.
Pry KoudsGeu'Tiuer'dlse..
.$S,0CO,722
M7,10i,869;30,iy5.561
$11,826,739
»59, 1 35,727151,19J,I58
*5,956,352
$53,030,944132,0 .9,567
•8,363,308
$50,2 1.^,897
132,412,319
Total 21 weeks. $177,301,430 $209,334.835 *185.090,r.ll 152,658,215
In our report of the dry goods trade will be found the im-ports of dry goods for one week later.
Tlie following is a statomsnt of the exports (exclusive ofspecie) from tlij put of N3w York to foroi,^n ports for theweek ending May 27, 1831, and from January 1 to date:
SXPOBTH KKOM NEW rOKC FOB TSB WEEK.
For ihs week...Pi-ev. reported..
Total 2 1 weekn.
;881. 1882.
«8,317,64l| $5,259,lfi'3147,327,213 123,300,525
»155,6l4.85l'$128.559.993
1883.
«fi,896,051138,811,510
+ 141,710,561
1884.
$5,797,371112.3U7,432
$118,161,803
The following table shows the exports and imports of specie
at the port of New York for the week ending May 31, andsince January 1, 1831, and for the corresponding periods in
1883 and 1882:
KXPOBTS AND IMPOBT8 OF BPEOIB AT HKW TOBK.
09ld.SxporlM. Importt.
Week. SineeJan.l. Week. SlticeJan.1.
Great Britain $
i6',.'ib6
8,500
.{26.46.>,0n34.352,821l,f;^8,1202,526,643
502',43i709,354
$
4,300
»2,380,946
OermanyWest Inaies
052.801126,502
South .A.merio«All other oouuiries. .
.
91,532650
Total 1884Total 1883Total 188.i
$18,50032,50 )
2,650.200
$144,20113,075
lo^ooo
"922
$36,212,385170,750
23,.58.',458
$4,3003;3
13,611
$3,252,7314,756,313
51;J,12l
Silter.Qreat BritainFrance
$1,930,939403,36079,76632,14-;
187,47841.595b3,990
$
lii'.o'io
13,142736
2,788
$1,033
37.052West Inilies .. . .. 241,315Meiloo 1,284.281South AmericaAll other countries. .
.
6^,(^622,109
Total 1884Total 1883Total 1882
$108,1972!(2.I0i200,351
$5,759,3046,035.7684,759,392
$32,69530.0856 »,9 >2
$1,654,5411,931,9101,190.128
Of the above imports for the week in 1884, ^4,800 wereAmerican gold coin and |7,907 American silver coin. Of the
exports during the same time $18,300 were American gold
com.
Union Pnciflc—A Boston report says tliat the UnionPacific Railroad Company has decided to pass the July divi-
dend, and that the officers have made an arrangement with
the Government whereby the latter will not press Its demandfor the immediate payment of the balance claimed against the
railroad company.—The Times says : "The land sales of the Union Pacific con-
tinue very heavy, and are increasing almost daily. From Jan.
1 to May 20 there were sold 1,459,703 acres, realizing ^3,543,058,
an average of $3 46 jier acre. Of this enormous aggregate
there were sold between May 15 and 30, 276,143 acres, for
^5,510. Nearly all the lands recently sold are in the regions
hitherto considered barren. The purchasers are in the maincattle ranchers. They propose to develop these so-called
wortliless lands by establishing large ranches for the breeding
of cattle for the Eastern markets. A very large share of the
lands have also been taken up by English and .Scotch capital-
ists for similar purposes. President Dillon stated that during
the three months in which the earnings fell off so largely the
increase in actual tonnage carried was 14 per cent. Had it not
been for the bitter fight waged with the Denver & Kio Grande,
lie said, the results for the three months' busine&s would have
been equal to any similar period since the construction of the
road."
Wabash St. Lonis & Paclflc—At St. Louis, May 28, the
following official statement was made to a representative of
the Associated Press by General Swayne, (Jounsel, and .Solon
Humphrevs, formerly t'resident of the \Vaba.sIi Railroad :
Judges Brewer and Treat, of the United States Circuit, to-
pt( I I U Ml |pii I
Tutl-, <>l tliM cilv, rrcrlvtTn of Ihi- W iil.ii.-.li
Railway. Mr. 'Jliiiiiphri'yN wan fornwrlv 1
pany, an<l liit-s U'l-ti ccinni'i'ted with i'
years. Mr. Tutt is President nf thr I
.St. I^Miis. The railroad <'.\ti'ndH fniin ' •>'
to Detrnit and Toledo, with lal<Tal( 'airo and IniliannpnliH, nml numeriinlength is about Jl.fWHl miles. The ro«*ivfrrt ^ I imthe application of the company in vi»w of i ihointerest falling duo June 1 upon ii .'lii.
There wa.s also danger that iinle:- Ut'U., 1. .,-.-.. tiniount of its ciiuipiiient, I. 1 ,1 "lier
es.Mential to working ito line « byme and sale undor the coll;: I'^ii
those properties are jiledgeil. Tlie truslei-Mol all i h
upon the several portions of tli'j line are made di : iln^
principal defendant b<'ing the Central Tnist ('omi.iiny, of .NewYork, trii.stee of the general mortgage-^. The order of thecourt provides for the payment of tlio amount.-) due for labor,material and supplies.
—A pre.^ dispatch fronP St. Louis says that under thereceivership the divisions which are earning their interestcharges will be compelled by tho (courts to pay th<^ni. Therewill be no permanent default on the obligations of tho Toledo,Chicago and Kansas City divisions. The interest of the non-paying branches, however, will be defaulteil and the originalowners allowed the alternative eitherof funding their coupon*or taking back their property.The following circular has been issued by the boM-d of
directors :
The at. I.om.i Iron Mountain ,V Southern Kailwnv nmnpany ha« notl-fled thU roiiipany that tho net eariiin^H of tho WHb:i.^h llnPH oporatedunilcrtlio l<iaH« of April 10. 11^8.1. are InvnlH.'it'nt to ptytlu; Inlereatand other tlxcd rhiir;.'!!-!. an>l that, as the leesco ooiupaay. It will nolinger ailvance for the (Iclli'lrnrj-.
In conaoquenco of thl-i nollrc. and of the lnDSC dpcre uie In the netoamin.i^sof this company, nrislnj; partly from the failnroof lh« crops lathe ptst two 3'carfl, and partly from the si-vere coinpotUinn at low rates,it ha-* become iiece*8ar.,' to ask tho hoMer.-i of the ^eiii-r.il inortKAReliondii, a» also til'' holders of the honris on the Hcverjl llni'K that harenut (iirned their Interest, to cooperate In a plan of ri-lief which will notonl.p place the company inahi.nnd financial coinlilion. btit will, U ta
believed, restore conlldenccin the Viilnc or alt Its sf-cnrillcs.
In pursuance of this plan, the holders of the general mottgaffe, fndl-auapnlia Division and Havana I>ivision bon<ls. are now asked to purren-der tho coupons due June 1, and ac(^cpt in c^cUiinKe, income bond crip,eutitled to 6 per cent intcrii.st from the ne'- earuliiKS of lUe tompiny in
excess of its tixed cliarges, and convertible into bonds Insinnsof $l,0( O.
The coupons thus surreiidercd to bo held in trust to secure tho uliiinatepayment of the income bonds.The other boud.s ihe coupons of which It may be necessary to fund la
like manner, the company is at present unable to designate, b.itdnenotice will be given to tho holders thereof.
It is clear that the Interest of the holders of all these securitie.". thsfixed charges of which are not at present earned on their re.ipeotlvollnesi, ii 10 unite in such an ei|uitalile arningement as will permit thooperation of the entire system without omliana.ssmcnt.This can only bo accomplished by tlic forbearance and Intelliirent oo-
opera'.ion of these bondholders. Under no circumstance or conditionscan they e.tpect more than tho entlre-nct earnings of the lines coveredby their bonds, and these it is proimsed to apply liKlaly an! fairly tothe protection of every interest in its respectlTo order of priority, pro-viding al.so for tho safety of all the interests liy the gradual extinctionof the tliiating debt, which controls a lart'e share of tho rolling stockand other property essential to the trallic operatlcnis of the company.The W.ibash system is composed of rairj than tlfly-three orldnal
companies, in all about 3,600 miles, in six conllgnous States, having In
all thIrtVH'ight separate mortgages. In view of all which, and in orderto secui-e an ecinltable ad.justment between these varloui iutere.-its. it Is
apparent that no plan can be carried out without tho Interveniion andprotection of the Unlti d States courts. It has tho-eforc become neccs-a-iry to apply for a receiver who can thus be enabled to hold and nperatuthe property in its entirety until measures of permanent relief can tie
perfected.During the past two years this company has snfTored very serlonslT
from tliM rninouKly low rates on a large portion of Its trallic. .\ smalladvance in these rates wmtld change a dettcieney in its llxed charges t»
a surplus for Its stockholders, and it i.-t hoped that the time has come for •
a liettcr understanding between all competitive linos, to the oudtliat
more remuuerative rates may be obtained.
—Important contributions to the discussion of "Railway-
Pools "' have recently ap))eared in the columns of the C^hicago
Hallway Review. 'Mr. Justice Cwley, of the Supreme Court
of Michigan, prepared a paper entitled " Popular and Legal
Views of Traffic Pooling," and Mr. Blanchard, Vict^Presidont
of the Erie Railway, vn-ote an extended Article, "Traffic
Unity, Popularly Called Railway Pools." The above have been
issued in pamphlet form, re-printed from the Review.
—Parties wishing to place their bonds, stot^ks or valuables
in a siife place will notice the atlvertisement of the Safe
Deposit Company of this city. This was tho first company of
the kind established, and offers great security for the protec-
tion of its customers.
—Messrs. Tinker & Westot, bankers and brokers, have just
removed to large and elegant offices at 2 Exchange Coiirt.
The firm is composed of energetic business men well <iualified
for attention to stock operations in the present times.
—Messrs. E. S. Jeraison & Co., bankers .and cotton com-mission merchants, have just removed to new and commoilious
quarters at 23 William Street, where their custouxers andfriends will in future find them.
Auction Sales.—The following, seldom or never sold at the
Stock Exchange, were sold at auction this week by Messrs.
Adrian H. MuUer & Son:Shw e».
246 Pulton Hank 125-125 Vi
100 Tradesmen's Hank lO'f '4
100 Mcchiinics' Nat. Bank '4-)'4
14 Merchants' Bjnk 131'»10 Dry Duck K. Broadway 4
Battery Kl^ Co 201's50 7th Ward Bank IIO
fAnrr*.?0 Dunk of the Uepulilic... 120
138 U. S. Wareliiiuse t'o 4^<*&0au.8.ind AC'i. KK 10
h-nut.81,000 Pry Dock K. Bro'nw'y
AHatlery RK. Soriii....l03«t
040 THE CHRONICLE. [Vol. XXXvm.
~"~"~ ^ OIVIDBNUS.The foUowins (il\n(lPO(l8 have recpiitly hpen announced
Name of Company.
Knflroad.Boston & Alb.itiv (<]iiar.)...
miscellaneous.l^high Colli tV >iivig;itioH .
Per WhenCent. Payaoie.
$2
3
June 30
.Tune 1
1
Sooki Cl/tged.(Days inclusire >
.Tune 1 to June 10
xVKW YOKK, FRIOAY, MAY 30. 18S4-.'5 P. M.The Money Market and Financial Sitnation.—The past
seven days, which, liowever, embraced only five business days(to-day being Decoration Day and a legal holiday), have de-veloped considerable further agitation in financial affairs,
though not of as unfavorable a character as last week or tlie
week before. On the contrary, there has been a very strongupward re-action in the prices of railroad stocks from the ex-treme depression incident to the general liquidation whichwas the cause of mo=t of the failures of two weeks ago on theStock Exchange, and to a large e«tent also of the recent banktroubles.
As regards the situation of the New York banks there hasbeen a decided improvement in pubUc confidence. The Clear-ing House certificates are being gradually reduced, and tlie
bajiks will dispense with them altogether as soon as that is
possible. The only further unfavorable development has beenthe suspension of the West ^ide Bank, which, however, wasonly t«inporary, and was caused by the defalcation and flightof the paying teller. The amount of loss from the defalcationis comparatively small, being less than $100,000, and the bankwill resume business to-morrow. Outside of New York therehave been three other bank suspensions, if we reckon the re-suspension of the Penn Bank of Pittsburg. This latterappears to be another flagrant ca'te of misappropriation offunds, and the latest advices show that the loss will be some-where between f1,000,000 and $1,50;),000, though the accountsare yet in great confusion. The other suspensions are of minorimportance, being chiefly Western banking institutions thathave become financially embarrassed in one way or another,but whose effect is chiefly confined to the particular localitywhere the bank is located.On the whole, it may be said that the situation of aflairs has
undergone some decided change for the better, though thecases of the Marine, the Second National, the Metropolitanand the Penn have given such a remarkable outcrop of dis-honest management as to produce a feeling of general uneasi-ness which time only can wholly remove, and which wasthe cause of the withdrawal of a great deal of money frombanks everywhere. This latter has unquestionably sulisidedto some extent this week, as is shown by the fact that theWestern exchanges are growing more favorable to New York,and in some cases money is now coming here from theWestern centres instead of going the other way.The most unfavorable feature of the general trade and in-
dustrial situation is the depression of the coal trade, which hasinduced the anthracite coal companies to agree to a suspensionof mining operations for two weeks in June. This, of course,affects adversely tlie coal-carrying railroads, and the samefact, together with lossts and complications in connection withGrant & Ward and the Marine Bank, has obliged the Eriedirectors to give notice of default on the June interest on theErie 2d consolidated 6s. The Reading Company, which wassomewhat embarr.issed before the determination to suspendmining, will now have a further loss of tonnage to contendwith. The appointment of receivers for the Wabash, deflnitelvsettled this week, w.is not unexpected, and therefore had little
efEect. The exjjectation of a default on the interest on Mexi-can Central securities, however (chiefly held in Boston), is
comparatively new.The field of loans on collaterals of railway stocks has been
further diminished by the decline in stocks and -by the desireof the banks to strengthen their position ; but where loans oncall on stock collaterals have b^en made they have been onlarge margins and at generally lower rates than in the pre-vious week. A few exceptional instances of 7 and 8 per centper annum have occurred in the last week, but the averagerate has been from 3 to 4. Very few time loans on stockshave been made. Tlie rates for mercantile discounts remainnominally unchanged at 5% and 6 p. ct. per annum for endorsedpaper for 2 and 4 months and and 6V^ p. ct. for single names.The last weekly statement of the averages of the New York
banks indicated the withdrawal of a large amount of cash andcontraction of loans, but not more than mi-jht reasonably havebeen expected under the uneasy condition of the public mindcaused by the recent uevelopments. The decrease of $9,7.34,150in the surplus reserve reduced it so as to leave a deficiency of$6,607,125 below the require;! 25 percent, as compared with asurplus of $9,177,400 over the required reserve at the samedate in 18S3 and .$4,203,635 over in 18S3.The Bank of England statement showed a gain nf £105,000
in gold during the week. The reserve of the Bank was re-duced to 48 1-16 i)er cent from 48 3-16 last week. The Bankrate of discount remair-ed unchanged at 2\4 per cent. Th-Ban of France gained 3 736 0)0 inncs goUl and 3,88^,09)francs silver. The Bank of Gt-rraany shows an increa.se of6,354,()00 marks for the last week reported.
Xiie followini; laOie shows the ciiajiKe* from the pri-vioosweek and a comp^iri.son with thn two preceding years in theaverages of the New York Clearing House banks.
Loannau del is
Spi-eieCiFiiiUition ..
Net dejtosits-.Loj^al teudt'i's.
Lesral reserveEe-serve held.
1881.May 21.
$113,178.00''4.i,.'ilO,n00
14.316,810296.?i7r-.3'l(i
22.026.7 (I
$74,143,S2f.67,036,700
Surplus df $B,'iO-,i25 Den •9.73t.l.'i0
Differ^aerti fr*m\I'revioiis IV'ti;/i..l
isexMay 26.
liec $!,346,800.'?il6,2ai,i00Dee 10,804. 10( 62.-26,8-iInc. 12(>.600 ].=>, 9(14.1':'
Diii.20,6jr..4of
!
309.H30 8 )(
Deo 4,056, 10" 2J.758.30i
Dec$^,1:ifi.3.'^0 $77,407,70'Deo. 14,890,500 86,585, 10(
»9.177.40n
1882.Huy 27.
$^17.7SR,9005%.O19.2(j0li.'67,200
2!t8,314.7C023,768.UO
$-4,578,67578.7.87.300
S'4.208,R25
Exchange.—The market for sterling, while not largelyaffected by the regular movements of trade, has been unset-tled by the movements of bankers' bills and security bills inconnection with the purchase and sale of railroad stocks onEuropean account. Tlie posted rates were at first advanced to4 85i| and 4 871^, then reduced to 4 84 and 4 86, then advancedto 4 Bll{ and 4 86J^, and again reduced on Thui'sday to 4 84and 4 8(5. The rates for actual business at the clo^^e werequoted as follows, viz. : Sixty days, 4 S'ilH 8'i)4 ; demand,4 85@4 831^; cables, 4 85>^@4 86; commerciaf bills iJeing 4 80U@4 81.
United States Bonds.—There has been less irregularity In theprices of Government bonds, and though the quotations at theclose are not quite as high as they were early in the week,they are nevertheless i,i@'Ac- higher than on last Fiiday.The closing prices at tne N. Y. Board have been as follows:
Iittereift May May May May May MayPeriods. 21. 26. 27.
•nils
26 29 30.
4>M,1891 ..reR. Q.-Mar.C .-Mar.
1113, 112 IUH' 11^4>«8, 1891 .coup. *112i5(*ll3 113 llL'm 112384s, 1907 ..ran. C .-Jan.
( .-Jan.121 120''' *120'9 *12(i38 l-"'38
i48.1907 . OOHp. 120% V20h 12i.:(, 1j(p3b WO^38, option tJ. 8. ...reg. C ,-Feb.
jr. <fe J.
•1001.2 10 % l(iO:*i •ll>"!i*;0 58
68, our'ey, '95. ...Ten. *I2.i 'ISS »125 M2-. -l-'.T
«8, our'oy, '96. ...Ten. J. & J. -127 *127 •127 •127 M27 H68, our'cv, '97. . . . Ten. J. & J. *129 129 M29 •129 *1'J96a,oar'cy, '98. . . re?. J. A J. *I3l *131 131 *i:h1 I'll-tl
es.oor'oy. '99. . Tee. J. A J 133 '!33 *133 *.33 ;»lj3
U. S. Snb-Treasiiry.—The following table shows the receiptsand payments at the Sub-Treasury in this city, as well as thelialances in the same, for each day of the past week :
Receipts. Payments.Balmice*.
DaU.(Join. Ourrency.
May 24..•' 26.." 27.." 28.." 29 .
•' 30.
*l.?67,236 63l,?.03,o31 74I,5l4.8i5 19904,766 9S035,071 37
772.8.14 40l,70o,;91 2!t
1,111,815 71•l,339,n(.3 801,-167.280 85Holiday.. .
*128.44?,77l 64128.212.958 U1U8. 191,905 69127,8 1 ',-.'12 64127,504.773 8 t
10.510,624 2810,572.978 2310.1 94.O70 1610 n.=>vl,.i36 3610,215.055 63
Total 6.121.9R1 88 6,891.146 05lucliides $35J,( 00 iroUi ceililteales taken out of rash.
State and Railroad Bonds.—The market for railroadbonds has been very much unsettled, and prices have taken awider range of fluctuations than usual, l)eing on the wholesomewhat higher than a week ago; but the net changes aresmall compared to the extreme declines at various timesin the week, thus indicating a recovery of confidence to some-extent from the periods of especial depression. The r.ange onthe more active bonds is given below, viz. : Chesapeake & Ohio,Series B, at 89i,^. 89, 93i^, 91!^ ; Burlington & Quincy deben-ture .5s at 91 J^, 921^, 92^ ; Chesapeake & Ohio currency 68 at
333^, 33. 36 : Denver & Rio Grande consols at 55, 59, 55;
ditto firsts at 95, 97, 96 ; Denver & Rio Grande Westernfirsts at 39, 37, 40, 39; East Tennessee 5s at 561^, 58, 53, 56; do.incomes at 143^, 14, 16, 15 ; Erie second consols at 56, 54J^,61, 583^ ; Fort Worth & Denver City firsts at 66, 67. 63, 60;Jersey Central consols at 100, 98. 104, 103}^: do. Kansas & Texasgeneral mortgage 6s at 72, 70, 73 ; Kansas Paci tic consi ils at 80,81,69 seller 60 davs, 80; Milwaukee* St. Paul. Chicago& Pacific
Western Division, 94^. S-*, 97 ; Northern Pacific flr.-ts at 101^,102, lOOJ^, 102^'^ ; New York Chicago & St. Louis firsts at 103,
103%, 103, 103 ; Oregon Short Line 6s at 80, 75 and 70 seller 60;
Texas & Pacific land grant incomes at 40i^. 40'^, 45, 43 ; do.
Rio Grande Division firsts at 55, 533rf, 56!^ 56 : Wabash generalmortgage 6s at 43, 42, 43 ; West Shore & Buffalo 5s at 46, 47Ji,42;>-4', 451^.
Railroad and Miscellaneous Stocks.—The slock markethas been greatly agitated during the last week by the circum-stances of the general financial situation rathnr than by any-thing new in the railroad situation. The movement for ageneral liquidation of loans and indebtedness in connectionwith r.ailway stocks began in the understanding a month orso ago that the earnings of some prominent roads, like UnionPacific, Erie, &c., were diminishing, and that there would besome cases of reductions in dividends, or passing thementirely^ and of default on interest on bonds. The movementseems to have " touched bottom, ' at least for the time lieing,
in the past week, ami thnre was a great rebound in ))rice8,
which, though not fully sustained, left the great majority ofstocks higher .it the close than on la~t Fri'lay. Onlv half adozen pr<iminent stocks, like New York Central. MichiganCentral. Illinois Central, &c., show declines of from 3 to 4 percent. Almost .1,11 other stocks are higher. M'. Gould's twospei-i d stock-!—Missouri Pacific and We.stern Union—n-cordinggains of 11 and 5 per cent, respeclively. Notwithstanding thehad outlook for the co.^1 trade, the coal stoc;ks are also hisherthan a week ago. an 1 after these St. Paul, Nartli western. Bur-lin'j;ton & Quincv, Union Pacific and Northern Pacific all showgains of from 2% to 5J^ per cent.
Mat 81. USLj THE CHRONICLE. «!4l
NEW YOUK STOCK EXCHANGE PRICES FOR WEEK ENDING IfAT M, AND SINCE JAN. 1, I8g4.
(lAII<IC<IAItr«.AHiniiv »t su»qiioU«un.ili.iiMi.tN V .\ir l.m«, i)r«i
II II luKton <'«•( llaillilx A No.C'.t 1 iill.UI I'lit-tllO-
<'ii :Litlh -OlltllHrnCc I ir KiUIh a Mllineant4l(.oirijil i>t Now JwrjMjy..,Oi'Tillil Hiir.lllo
Ohuwkpojiku <ft Ohion« tut pratDo art pref
(]. ' ii;i> A Wum<":a ikti) ltiirUiiirt4)ii Jk Uulnuy.Ch:cut;o Mll^VttUktfOjfc HI. Pant
Do pref.OIUoaKOift Northirostora
Do prflf.
Chloiigo Itook lAlitiirtt^ PnvltloCIilciiKo^t. LoulHiK fllblliilrii
Di> prof,ClilGJiffo ^t. Paul Minn. «& Uni
Do prof.Olevehtuil Col. CInn. A I nil
CluvBhuiil * IMttxiiiirg. miar..Doliiwai*o i>>iuk.i\VAmi.tA\Ve8t.Douvur i& Uio tiiaiiilo
Eaat roiino.-4tio« Va. A UaDo prof.
BvansvlllB*TBrrB IlaiiteClreBii Bay Wliiotia Jb 81. PaulUarlBin ...
Hoa>4t4>u <fe ToxaaCBUtralIiauuis OBuirai
Do hm.-40il UuB ( P.O.Xnillana BIoorultigr.'ii ift VVeiit'u
LakB Ut-tB •& Wo.storuL>tkB shi»roLoiii; l.tbiuil
IjOuiHVl 1b .t N fcHlirillB
Loiil.ivtllo.NBMr AlliitayiftUblo.UaoU.ittuu Klovaied
* Do 1 81 pref..Do coiuiuou.
Manhattan Beaob CoKeiaphia A Oli.irlB:*tonI(etropolit4in Klo7.»t«d :..
Uiobij^n CButml /
MUWiiiikBB L. Sli. tfe Western.Do prof.
ICinQeaiiotls A St. LoalsDo pref.
Ulssoiirl Kansas tft TextsMissouri PiMtillo
Mobl'e JB OliloMoiriSv^ KhhbxNaahvil.eClt ttlanoojraA ^t.L.New York CentrakA Hudson.New Y'ork Chlu. «& 8t. Louis ..
Do pref.New York ElevatedNow York Lack. A WeatemNew Yoi k Lake Krte A Weat'n
Do pref.New York A New Kn^landNew York New ItavouA HartNew York Ontario A WowtBru.New Y'ork">urtq. A Western...
Do pref.Norfolk A Western
Do prefNorthern Paclflo
Do prefOhio CentralObioA MUnlsstppIOtiio ^oti thornOreKon Short LineOregon A Trans.Contlnental..Peoi la DecaturA EvannvLle.PhlliUlelplila A Reinlln?PittshuiB Kt. Wavuo A Chlo.Rich. V aIIbxIi., Ht'ktrustctrsRichmond A Danville-Rlcltmond A WbuI P't Term'l.Rochester A PittsburirRome Watertown A OgtlensbBt. Louis .'Vlton A Terre Haute
Do pref.St, Louis A San Francisco
Do pref.Do Ist pref.
St. Paul A DalntbDo pref
St. Paul MInneap.A Manitoba.South CarolinaTeias A Pa<:ltloUnlo PacllloWabash St. Louis A Paoltto...
Do pref.MIMOKI-l.ANEOUS.
American Tel. A Cable CoBankers' A .M erchants' TelColoi ado Coal A IronDelaware A ItiidHon (7analMutual Union Tt-logTaphNew York .« Texiw l.aiitl Co.
.
Oregon InnirovementCoOrej.'ou R alway A Nav.CoPaclHc MallPullman Palace Car CoQalck:tilver Mining
Do prefWestern Union Telegraph
AdamsAmericanUnited >Mte«Wells. Fsrgo A CoINACTIVE SrOCKsS.
AtcltisMU rot.t>KaA -^anta Fe..Chlcaao A Alton, profColumbia A titoouvlllc. pref...ColoiMiMisCbii'. A Hid. Cent..Danburv A NorwalkDo I 111.
Ilie A -"ioa-vcity
Joliot A f:hicagi>Ohio .t Ml.s.slH.Mppi. pi-ef
Keus.^Blaer A rsaratogiTex ts .t .New « rle insUnttwl coiupaoies ofX. J
—
WariBiiMaryland Coal :.
Nevv V i-iitr 1 CoalPeiilisylvMiil.i Co >t
BpruiK .^foMtilalli C'oal
lltOnRST ANDHutunlajr,May 34.
83R3J.i4It<S 4USllHl M',
"*o" "m4III« 4|T,
714 Si
7It•J\
Viii 121)I1U8 lU
Ull'V) IW<9lUJ lOUits 1)7^
1-J3 12.1108 <ti 112•H 8<a
•22 Ki 2420", a.li>»
Hi H(l>ail7>a a7>ii
82 1« ti2i
1.1 4U>sS7\ an
no nt
lU 10>.x4l« 4>a7'il 8
•4ij
197
iVs"82>,i10
II
82 •«
U230 3«
Uli)7
»41211 Hi
83II10481 St
(14
3134
50 AO90 9050 6017'a ITn
•9008
9fi
68
12 1220 2014>s l.i>4
(ik>a U7»48 8>4
124 121!f8>a a8»4
107 lUH<aO"* 712 12
lOo 13U84 8414 li35<9 35<,
9\ 9»43 4•9 11
31 31Hi19 1»<341 43^2 2
19 19
12>s 13!^
"2i\'W
41 Hi 4.i
7 7''4
14Hl 14>i7 7
12tt 121)
lll4'lll2Hi«•.', tfiV,
105 10.1 Hi
if-' Hi 00 Hi122 121107»4 lU•8 I)
-32 242JV4 2j=^8.)>S 88 H87 40
9i)Hi 07'S10 \| 10^4•4>4 4%}\ 8
TiiBiMtay,May 27.
82 >a m\40\ 478HHi av,8 Hi 8»4
S4 Ul4;<'« 44 Hi
7Hi 814 <4 lUVS 10
r20>4 13011:1 114^tiO', 73',107 '4 10897 lOOH128 1211 >,
110^ 1138-'4 9
•22 Hi 212i', 278HH 9040^ 40^4
5^ 534"""aa
113 117
12 12•J 118IH1 81^83 U730's 3114
•45DO60
25"•9085
609060
"is"9>liJ
32^4 33lt'>4 12>419Hl 2i>414 Hi 1.1 Hi
6ti\ 70<^
US'" i2338 Hi 3UHi
10tfH|108Hl
•llHi105 130•82 87 Hi14 15>a32 3.1
lOHi lOHl
9
31 3118 's 204134 40I'S 2>4
19"^ 21.^
97'^ 10J»4lO's ll-S,
4»4 4-47.'4 8
' 32•4>a U
'!!"" 'si'119.44 121
Has id.
40 >« «T38 >« »i
57 eo\4IHl i»T4 s
•14 16•8 10
120>al2«^Ul-Si I13'i«."» 71\107 107Hltlll^ H0>,
12.< 129100\ U2•8Hi 8H125 Hi 26 la2.->.>4 28Hl87>4 89>441 41Hl
. rsilay,May 29.
44 4 4A^38<% 39 Hi
9S) 8U<i4ti« 438
1118\1610
12 >4 12 >4
lOHl U84 's 87U7 08 Hi31 's 33 Si
"ii'l "iu•9050 50
25•87Ut)
34 J4
1321
25U570
'34»41321
la's Id70'« 74 »8H> 9Si
"46"i io'y,
Wi't 1107's 7'«
•12Hi105 13U
15>< IB34 30 Si
183 18310 103<Q 3>a
10<a lOHi
2>s 2Hi
19 19a\ 7
17Si36>a 3ilHi
75 75Hi
85 8710 1112 133«^ 40 Si
e 6>411», 12^4
49 49
90'4 93
12 1373 >« 7535'9 37Si00 97•4 4 Si
•22 2452 '4 55
123 ISO89 9260 62100 1U3
13 <« 14•10 1225 "9 28129Sl 12i)>9
lO's 19%e"» 7*.
17Sl34 3475 80
85% 87"
12 13>s38Sl 41 >s
6% 6>412 Hi 13
49 48>s
lO'i'li'X89>i 95
13 1371'4 7438 >s 3893 Si 97 Si•4 5 Si
•22 2563 >4 55 'r
129 Si 129 Si
^8 9149I4 49^498 101
70«4 70>4
30 S2>420 21>s45'% n't-214 2 Si21 Hi 21 's
7 7
'lS'i"l4%11>« 11>«28 Si 31 °8
OHI4 101 HiIOI4 II-4 Hi 4%7Sl 7Sl
•25118
30120
12 Hi 12SllllHl lOHl83 Si 80UiiSi UU32 V 33
4801
9570
48•89•50
•8770
*3lSi 3513 13•20 Si 22Id's 1534'/I ^4 74•8 10
118 12338 38 Si105>al09>«
7 7'«11
13085^ 8814^4 15*435 35 U
10 10
128HI 1281slllHi 114«4OlCj 7-",107 Si 107 >i911^4 U9',125 128llOSi 111%•8J4 1023 2328 20VBTSi SSI's40 Hi 40%
OS's 102 «11% 11%4>s 4Sl7% 7%•»
•25" 30u;siiiu82 Hi 85•llHi 1310 1083 '4 85%00 Hi 00 Hi
32^ 33 Hi
'45'" 48 Hi
90 90%•60 ..
95ihi 07'a
•3414
3614
20 Hi 22415 >s 16%72 70 Hi•8 10
118 12340 40104% lOOh
.ir'...":^105 13084 85 >3
16>s lUkiSb'i an't
•9% 10%
29>i 29%20 >« 2144%2^
20
47Si
J'*20%
21 2IS17'« 7',
•25 ...
'•'if ;;:
37 '« 37%80 81
89 9ll%10 1013% 14 <4
41 >s 42^8U% «"
13% 14
60 51
'i'i'i"i'i'si95 97
167438lUO•4
-206tf
128DO50100
157539\
101 Si
82359 >4
1289360100
243
13% 1410'4 1127 29%
20'4 20%714 7'*
18•28•70•1730
224083
jfa'
89<l 90
12% 13%3OS1 41%6^ 8%12% 13
11 llSi93% 05%
14 1473 7337% 38%97 100 Hi•4 5
•2365% 58%
132 132911 9349 60103 103
10 10%
20% 20%43% 47%2% 2%
16% 15%13% 1410% i0%20% 29
80 207% 7%
•17 17%...... 37%•79 31
86% 89
12% 13%37 40%«% 0%12% 13
51 51
'•'I'o" "ii'%94% 90
IS7338
14%7342%
09 101•4 6%
•22 2455% 68%
127 1311)0 91%•45 49100 103
.72 7a
•i•«
•345
IS8
ttliUr,Mar Ho.
aM
Oa
ftalMoftlwWMk(MliArM).
30
7.0004.020
UIHI28.07712.UIIA2, 1 HO1.01 AA.U)
1,49430.330
28;« 17 I
:t
loi;^.
13,11! i
275123
4,4009,7401,055
46.5i«977,3102,l.'il)
1,850
itaiit* aiBw Jaa. I, imt.
LOWMt. nifkMl;
100300
9|7tl206
S'.'O
1,55087.3704,07il
42,839
"600415SOI)200400
138 Mar)''8)1% Mar.2:M Mar I
40 Marl-35 .Mar I >
8 Mar 2'.
40 Mar 21,31 Mar 14 tiT-7 Mar3t IS14 MaV.M' ?H7 V - •-
1 20ilOl -r
.1.7'4
8 M20 •
24% MHI •31 M138 1
90 % 'I
fl'-i '.:
.S%7 M
374
1024015
YaarliMt,
LAW. tttgit
1377>lT» S'
1,940
"eroi1,1001,2279,XU0
193,23.'.
63020
3,10076,8411,010200
"67335.19111,17812523
1,315100300
i'.2'(>6
11.62885.4801.0232,400100
5U,716
70079,400
100400
,M
1,1054,880
655668
6,820300
19,890348,693
4.1464,000
769
6309,201
1.4 152.040
a«.38<l8.539
133',6»t
41»3
1,2403H.V
192
. 60
"iih)
MMar. 1.Apr. 17May 21
81% l»i, I I
10 M9 .M
31 M02 M20 's M14 Hi .M
40 .1.
82 .1,
42 .!.<
12% M ,.
25 May 2 1
87 May 1761 Mar 1410 Fob. 113234 May 2«11 .May 1517% .May 2211% May 14031.4 May 211
8 May 241 21%. I an. 2238 May 20104% May 296% May 149 Mar 14
123 Apr. 3884 Mar 3413% May 932 May 109 May 16
176 Jan. 157% Mar 143% Mar 2710 May 1710 Jan. 2920% May 181334 Jan. 2040% Jan. 231''4 May 2214% May 140% May !)
16 Jan. 1110% May 149 May 14
2434 May 23127 May 162% May 24
40 May 2216 May 165 May 14
1934 Jan. 720 <4 May 2388 Jan. 318 May 22fi4 May 3670 May 1523 May 2286 Apr. 1279% May 1610 May 249%Mar 14
83 % Mar 226% May 149 May 20
49 May 1
45 May 16May 23
88% May 2310 May 16123% Jan. 712 May 2470 ABT. 2531 May 1690 Mar 344% Jan. 31
34 Mar 1649 Mar 14
138 Jan. SI84 May 2643 Mar 1794 May JO
1140I H.t
•n% Mar 3«144 Mar >l>
t'eb. 1
1
feb. 14Jsn. 21May 2
1
Aur. IJ1*1
40 Jan. 11,lO.'i Apr. 1391% Mar. 416 Jan. 7i
44 Apr. ml18% Ian. 73« % Feb. 1
1
:
23%. I an. 595 Feb. 1
1
1334 Mar. 24127 Jan. 2958 .Mar. 14122 Mar. 1310% Feb. 15303, Feb. 14125 Apr. 2894% Apr. 1228% Jan. 671 Mar. 317% Apr. 4
184 May 116%ian. 76 Feb. 3818% Feb. 161 1 Feb. 2543 Feb. 1527 Jan. 767% Jan. 73%Jan. 725% .Mar. 17i9 Mar. 19
24 Mar. 2234% Jan. 717 Feb. 460% Feb. 23135 Apr. 14
6 Jan. II61 Feb. 1432 Feb. 1616% Feb. 424 Mar. 2160 Mar. 1796 Feb. 627 Mar. 1850 Mar. 1896% Apr. 1032% Jan. 990 Jan. 26|89 .Ian. 71 1 May 24!22% Feb. Ill
84% Feb. 101934 Jan. 732 Jan. 5
61% Jan. 8127% Aor. l-i
17% Mar. 17,
114 Feb. 11:7%Jan. 10!
170 Feb. 905% Jan. 71
11 J Jan. 38[3034 Mar. 17,
117 Jan. 70% Feb. 11!
32% Fob. 578% Feb. 1
1S7 Apr. 24i103 Mar. 2661% Feb. 7113 Feb. 13
3276771035lO'i3319 'j
8«10
12050%111%
713348083%36 '1
7317%
16916%
ll''103333%483,
2171929 •»
1246 "4
128 H.
447311416338020%408733909423%17%70% 104H13 36%89% 67%
-IS%.;%
-1%63»S%100%1848%30%68%34%106%18%129%64<128%13%3510s88%40%83
iS'*
Ik"49%53%90%14%36%14%32882861%13815%73S»3SS48a10s86%58%100%40{97%
Iti8%27%43
57118%14102%1333368028112 >,
33071%
68%140%39%112%3512391%15044%1349%46%88%
1)0%132332
5082145«o.^ay 1
.. FbiT. 1
1)2% Mar 3,11)2% su. H 1
121 May I :
12 Jan. Ill :
7% Apr. 14 111
2114 Feb. 1U,2>I420% Jan. 2 31
Jsn.. 78%
Feb. 11: 140Fob. 11 31Jan. 17 1%Jan. 31 30Mar l» 77M«r 4 13.S
Jan. I* Cli
A|.r I" 1 .t\> S-'
'
136% ISS88 84%33%; 83%113 ,128
H4%ISO68<7%70%921.18
.
112%145%
197"118
I 17
:'\.1 •""•
• These are the prices bid and asked ; no sale was uiado at the Board. t laower price U ex^lKidond.
642 THE CHRONICLE. [Vol. XXXVIll-
QUOTATIONS OF STATE AND RAILROAD BONDS, MAY 29, 1884.STATE BONDS.
8ECUKITIKS.
Alataniii— Class A, 1906.Class B, 6a, 190(iClass C. 4s, 1006«8, 10-208, 1«00
Arkausas— Bs, funded79, L. Rock & Ft. t*. 183.
7s, Memii.& L.Hock UR78, L. R.l'.B. & N.O. KR
• 7a, Hiss. O. <t 11. R. It R.78, Arkansas Cent. KB.
G<>or(ria,-68, 188678,188678, eoid, 1890
BW. I Ask.
81>a .
9n9884
io;ilOi
821
"12>^
SKCUUlTIEs. Bill.
L^nl.s'ana— ''' ".'»ti8.,1914Kx-niaturpd ronpon
Missouri— 6s, 188U6s, dnelS!i!>orl890....Asyl'm or Univ.. due '92Funding. 1894-95Hannihal * St. Jo., '86.
New York— 6s, reg., 18876s, loan, 18916s, loan, 189268, loan, 1893
N.Carolina—68, old..T.ife.TFnnrtlng act. 1806-1868
bO105
I
110112116108109112115117HO10
SECURITIES.
N. Carolina—Contlnuoji-New bonds, .r.AJ., 92-8Special tax. all claa.io3.
.
Uo Wil.C.&Ru.R.Do W'n. cfeTarR-
Consol. 4a. 1910Ohio—6s, 1886South Carolina—
6s, Act Mar. 23, 1869 )
non-fnndahle, 1888- 5
Brown consol'u 6s, 1893.Tennessee—6s, old, 1892-81
6s. now, 1892-8-1900 ...I
1811180
1078t
ly.1053636
10739
I 39
SECURITIES.
Tennessee—Continued—68, new series, 1914 -..Cmii'mise.3-4-5-68, 1912
Virginia—68, old68, new, 186668, consol. tjouds68, ex-matured coapon-68, consol., 2d series68, defeiTcd
District of Columbia^3-658, 1924RegisteredFunding 5s, 1899
3630
3046
111111111
KAlIiKOAP BONDS.SECURITIES. Bid. Ask. SECURITIES.
•I
98 's86
R.iilroad Donds.I
iStock ^xcTiavoe Prices.')
Ala. Central-Ist, 68, 1918 .
A lleg'v Cent.—lst,6s,l 9'_>2 .
Atch.t.&S.Fe^lljs. 1920 .
Sinking fund, 6s, 1911.. .
Atl. <t P.ac.—Ist, 6b, 1910. 90Bait.* O.—l8t,U8, Prk.Br 116Bost.Hartf. <fe E.—1st, "8
| 18Guaranteed I
Bar. C. Rap.&No.-l8t>.58 '1033<Mlnn.&St.L,.—Ist^Ts.gu
j
Ia.City.& West.—Ist, 78C. Rap. I. F.itN.-Ist, 6a I
1 8t, 5s, 1021 1
Buff . N.Y. & Phil.-Ist, 63: 94 95Ue neral, us, 1<.I24
!
'
Can. So.—1st, int. guar. 58 98^2d, 63, 1913 ' 82Re g., 5s, 1913
i
Cent ral Iowa—1st, 7s, '99 100Ea St. Div.—Ist, (i.s, 19121111. Div.-lst, lis, 1912.. 1
*67Char .Col. <& Aug.- 1st, 78!Ches .A O.—Pur.nionevfd
6a, gold, scries A, 1908 1126s, gold, series B, 1908 . 91 ^a 0363, currency, 1918 3412 35 "aMortg.agebs. 1911 1 99
Cliea .O.&S.W.—M.5-68... »83Chic ago & Alton—1st, 78Sm king fund, 6s, 1903.- 118La. <t Mo. Riv.—Istt 78. 115 1192 0, 78, 1900 1141a
6t. D. Jack, i Chic.—1st llflia 1181 Bt, guar, f564), 7s, '94 •115=8'2 d, (300), 7s. 1898 1
2d, guar. (188). 7s, '98!|
I
Mi 88.R.Br'K6—1.3t,8.f.68'
C.B. & Q.—Consol.78, 19035a, sinking fund, 1901 ..
5b, debentures, 1913la. Div.—s. fd., 58, 1919Sinking fund, 48, 1919
Del. L. & W.—Coutin'd—M.&E—2d, 78, 1891 ....
Bonds, 78, 1900780f 1871,19011st, consol., guar., 7b..
N.Y. LacTt.* W.—1st, 6sConstruction, 58, 1923
Del.*; Hud. Canal—Ist, 7878,1891 1
Ist. ext, 78, 1891Coupon, 7s, 1894 1
Registered, 7s, 1894
Bid. I Ask. SECURITIES. Bid.
,-,, U,^ IMarietta A Cin.-l8t, 7
11* 115 ^Mct^opolit•nEl.—lst,1908™ ;-.•;: 2d,0s.l899;;;-;- t.,;:, Mex. Cent.-lst, 78, 1911.I20I9 lib's Mich.Cent.—Con3.73, 1902
l.'O ; Consol. .'is- 1902
•115
116
'bo'
12834106
I
I
91 "a' 92;
1106•89 92 '
87 13' '
103
Denver uiv.—48, 1922Plain4s, 1921
C.R.l.AP.-Os, cp., 1917.i 127-
68, reg., 1917 •
Keok.* Des M.—1st, 5s 100Ojntralof N.J.— Ist, 1890 113 1
lstconsoI.aBsented,1899, 10214 104>aCon v.. assented, 7s. 19021 ilO?Adjustment, 78, 1903...] 104 1106Conv. debent. 6s, 1908.. 70 86Leh.ctW.B.—Con.g'd.as. 96"b'Am.D'k&Imp.—5s,192I ..„-| 90
C:ilc. Mil. <SSt. P.1U11st, 88, P. D2d, 7 3.10, P.D., 1898Isf, 7b, $ g., R.D., 190' " ~ ,7s, 1893.
1st, Pa.Div., cp., 7s, 1917 '
1st, Piv. Div.. reg., 1917.Alb. * Susn.—Ist, 73 ...
2d, 7s, 1885Ist.cona., guar.78,1906RtjgisteredIst, cons., gu., 68, 1906Registered
,Reus. & Sar —1 8t, cp.,78
I1st, reg,, 7s, 1921 "127
Deuv.A Rio Gr.—1st, 1900 93I
lat, consol., 78, 1910 b'ShDeu.So.Pk.A Pac—1st, 78 85iDen.cft RioQ.We8t.-l8t,68 88'Det.Mack.&Marq.—lst,6s *-
Land grant, 3 ^as, S.A . .
.
E.T.Va.&Ga.—1 st,73,l 9001st, cons., 5a, 1930Division.al 58, 1930
EUz.C.<S:N.-S.f.,aeb.,c.,6sIst, 68, ia'20
Eliz.Lex.& Big Sandy—68 90Erie—Ist. extended, 7s...
i120
2d, extended, 5s, 1919 .. *1103d, extended. 4i-is, 1923 103
I 4th, extended, 58, 1920. 105I
6th, 78, 1888 107I
l8t, cons., gold, 78, 1920 120Ist, cons.. Id coup., 7s..Reorg. 1st hen, bs, 1908Long Dock b'uds, 7s, '93BuflVN.Y'.Jt E.—lst,191«N,Y.L.E.Ji;W.-New2d6
Coll.at'l tl-ust,Hs,1922.• Buir.AS.W.—M.,6.s,1908Ev, & T. H.—Ist, cons., 08 96Mt.Vern'n—1st, 6.8,1923*
Fl't<feP.Marq.-M.68, 1920; '112 ii
971023, ioai4
115 ill7
100348?
Consol. 53, 190268, 1909Coupon, 5b, 1931Registered, 5s, 1931Jack.Lan.&Sag.—6s,'91.
Milw. & No.—Ist, Us, 1910Mil,L.S.&W.-l8t,(i8,1921
'100>102
SECURITIES. Bid. Ask.
101
.|13134 Minn.'*'8t.L'.—l8t'7s;i927! i'is
451241a'
102 >ii
1103
128,
Ill's'110212713
115 "a
122
9654349040
100 la
721361 la
10434:
108100
551a
1
'96"i122
I
i05"'l1081a
i"22V
il7130591a
•[IJ^'j'a Gal.Ha'r.&S.Ant.'—l'8t,68| 106
92 id';
, 7b, $g., R.D., 1902.let, LaC.Dlv., -
Ist, I. & M., 7s, 18971st, I. AD., 7b, 1899...l8t, CAM., 7s, 1903...;Consol. 7s, 10052d, 7s, 1884
1
Ist, 7s, I.A D.Ext., 1908Ist, S.W. Div., Os, 1909.Ist, 58, LaC.A Dav., 1919lBt,S.Minn.Div.,6a,19101st, H. A D., 78, 1910...
I
Chic.A Pac.Div.,0s,1910,l8t,Chio.A P.W.,59,1921
l.SO 132119 Il20ig
126'a'127'a110 111014110
2d, 78, 1905Mex. A Pac.—let, 5s2d, 6s. 1931
!
Gr'nBayW.ASt.P.-lat,68 "77Gulf Col.A S. Fe—7s, 1909 110Hann. A .St. Jos.—88,conv ' 104Consol. 6s, 1911 112 ....
Houston A Texas Cent.— I
1st, M. L., 78 1081st, Western Div., 78 . . . 104Ist, Waco A No., 78 1102d, consol., maine line.Ss,*- -
,2d, WacoANo., 88,1916l*..
-M General, 6s, 1921ll«'4'-.--..!noilst.E.AW.Tei.-l8t,78 -..
1261122
124119100
112210795
110118113Si
[112'123IIUV
Miu'l Pt. Div., 6s, 1910.11
941-:
0594 'a'
lOlia
95
103 'a 105
123
O.A L.Snp.Div.,58, 1921Wis.A ]Min.Div.,58,1921i
Cllic. A Nnrthwest.—Sink, fund, 7s, 1885.Consol. bonds, 7s, 1915.1 130Extension bonils, 73, '851st. 78. 1885Coupon gold, 78, 1902.
.
Kegisfd, gold, 78, 1902. '• 112Sinking fund, 6s, 1929.. Ill ill2Sink, fund, 6s, 1929, reg 110'-3']12Sinking fund, 5s, 1920..! 101 1102Sink, fund, 5.S, 1929, reg! .. ..
Siuk'gfd. deb., 58, 1933; 91 "a 92Escanaba A L.S.—lst,6s'Des M.A Miu'ap.—l8t,78''lowaMidland—Ist, 88..I __Peninsula— 1.St, conv. 7s 120Chic.A Mihv'keo—lst,73' 121Win.A .St.P.—1st, 78, '872d, 78, 1907
Mil.&Mad.-lst,6s,1905C.C.C.A Ind's-l8t,78,8.fd.Consol. 7s, 1914...Consol. sink, fd., 7s,1914General con.soI.,U8, 1934
C.St.P.M.AO.—Consol. 08C.St.P&M.-lst,68,1918:No. Wis.-Ist. (ia, 1930.1 .
6t.P.& S.C.-l6l,0s,1919' 116Chic.A E.IU.—l8t,s.f.,eur.' 100Chic.StL.* P.—lst,con.58Chic. & Atl.—Ist, 68, 19202d, 68, 1923... ....
CWc.AW.Ind.-lst, s.r., 6sGen'l mort., Os, 1932
Col.A Green.-1st, 6s,191(iIM, Os. 1926
Col. H. Val. A Tol.—l8t, 58Del. L.A W.—78, conv., '02Mortgage 78, 1907 . . .
Syr.Bing.A N.Y.—l8t,7sMoirisA Essex—1st, 7s
2d, 6s, 1913Illinois Central— I
SpringliildDiv.—Cp. Os. 115ftfiddle Div.—Reg., 58...C.St.L.A N.O.—Ten.1.,78
1st, consol., 78, 1897 .-
2d, 68, 1907Gold, 68, 1951
Duh. A S. C—2d Div., 7s H4fed. P. A Minn.—1st, 7s,»
Ind. Bl. AW.—l8tpref.,7s 114Ist, 4-5-68, 19092d. 4-5-68, 1909p;astern Div.. 68, 1921..
Indianap.D.A Spr.—l8t,782d, 3s, 1911
Int.AGt.No.—1st, Os, gold,„ . Coupon, 6s, 1909 73128% Kent'kyCent.—M.6s,1911
Lake Shore
—
M. S. A N. I., s. f.. 7s... 102Cleve. ATol.—Sink'gfd.lNew bonds, 78, 1880. . 102
Cleve. P. A Ash.—78... 112Buff. A Erie—New bds . 118Kal. A W. Pigeon—1st.Det.M.A T.—l8t,78.1906
110
114"..'1221114
I931s99
I
Iowa Ext—1st, Vs, 1909; 123 .
2d, 7s, 18911
'.
S'thw.Ext.—lst,7s,1910! LPae. Ext.—1st, 08, 1921. *
Mo.K.AT.—Gcn'l,6s,1920 72General, 6s, 1920 59Cons. 78, 1904-5-6 103Cons. 2d, income, 1911 . . 59H. A Cent. Mo.—Ist, '90 101
Mobile A Ohio—Now Os. . 107Collater'l trust, Os, 1892 •
Morgan's l.,a.A T.—Ist, 6slI
Nash.Chat.A St.L.—lst,7s *115ie 1222d, 6s, 1901 1
1
N.Y. Central—68, 1887... I106
Dob. certs., ext'd 5s 104-% 104iaN.Y.C.AH.—Ist, cp.,78, 132
lst,reg., 1903 1130 1131 '
Hud.Riv.—7s,2d, s.f ., '85 ,103 "a 105 'a
Harlem-let, 7s, coup..-!1st, 7s, reg., 1900
1
N.Y. Elev'd—1st, 7s, 1906 116 llSiaN.Y.P.& O.—Pr.l'n, Us, '95N.Y.C.A N.—Gen.,U8, 1910Trust Ct). receipts
N.Y.A. N.Engl'd-lst, 78: 103Ist, 68, 1905 1
N.Y.C.ASt.L.-lst,63,1921: 102=^103
67
301a .
3011.
jlOdia;
m'
108121
108llO-^i115
iio"10390
77
133'
120Lake Shore—Div. bonds '118"
•- - 123
123
806589103
i08"
135
Consol., coup., 1st, «o.Consol., reg., Ist. 78...Consol., coup., 2d, 78..Consol., re,g., 2d, 7s . .
.
Long Isl. BR.—1st, 7s, '98l.st, consol., 68, 1931 101
Louis. West.—1st, 68Louisville A Nashville—Consol., 7s, 1898 1 116Cecilian Br'ch-78, 1907 •
N.O.AMob.-l8t,6s,19302d, 6s, 1930 1
E.U.AN.-l.st, 6s, 1910*General, 68, 1930Pensacola Div.—68,19201St. L. Div.-lst, 68, 1921 072a, 38, 1980
Nashv. & Dec—l8t. 7sS.A N.Ala.—.S.f.,6s,1910Leban'n-Knox—Ob, 1931l.ouisv. C.A L.—Os. 1931Trust bon<la, 6s, 1 922.
L.ErieA W.— lst.Os, 1919Sandusky Dlv.—6s, 1919
Laf.Bl.A M.— l8t, O.s, 1919Loul.sv.N.Alb.AC—lat.6sManhat.B'ch Co.— 73,'! 909N.Y.,*M.K'h-]af,7s.'97
* No prices Friaay; these oie latest qnotations made this week.
102 14
128128122122120
11710091
ios'.91
98
2d, 6a, 1923N.Y.W.Sh.A Buff.-Cp.,5sRegistered, .'-..s, 1931....
N.Y.Snsq.AWest.- Ist, 68Debenture, 68,1897Midland orN. J.—Ist, 6s
N.Y.N.H.AH.—1st, rg.,48|Nevada Central—1st, 63..N.Pac.—G.l.gr., l8ti,cp.,6aRegistered. Os, 1921 1
N.O. Pac—Ist, Os, g., 1920;Norf.&W.—Gen'l, Os, 1931New River— 1 st, Os, 1 932
No.Rivilway(C.al.)-lst, OsOhioA Mi83.—C'onsol. s.fd.l
Consolidated 78, 1898. .
.
2d consolidated 73, 1911Ist, Springfield Div., 78
Ohio Central—Ist, 0s,1920|Ist, Term'l Tr., 68, 1920Ist, Min'l Div., 6s, 1921
lOhioHo.-lst, 63,1921 ....Oreg'nA Cal.—Ist, 68,1921Or.ATransc'l-Os, '82-1922Oregon Imp. Co.—1st, Os.Oreg'u RR.& Nav.—IstOsPanama—S.f., sub.6s,1010Peoria Dec. A Ev.—1st, 6bEvans.Div.—lst,68,1920
Peo»ia A Pek.U'n— Ist, 63Pacific Railroads-Central P.tc-G., 6sSan Joaquin Br.—63..Cal. A Oregon—1st, OsState Aid bds., 7s, '84Laud grant bonds, Os.West. Pac—Bonds, Os
So. Pac. of Cal. lst,6s8o.Pac.of Ariz'a^lst, OslSo.Pacof N ,Mex.-lat,08!Union Pacific—Ist, 6a ..'
Land grants, 73, '87-89!Sinking funds, 8a, '93.1
Reg.. 8s, 1893Collateral Trust, Os...
do 68, 1907Kans.Pac-let, 6s, '95
1st, Os, 1896Denv.Div.68,a8*d, '991st, consol., 6s. 1919
C.Br.U.P.—F.c.,7a '96At.C.A P.—l6t,0s,1905At. J. Co.A W.—1st, 681Greg. Short L.—Ist, 6s'Ut. So.—Gen., 7b, 1909Exten., Ist, 7s, 1909
Mo. Pac.—1st, cons., 6a3d, 78, 1906Pac. of Mo.—Ist, Os..•2d, 7s, 1891
StL.A S.F.—2d, 68, CI A3-6s, Class C, 1906....S-Os, Class B, 1906....Ist, Os, Pierce C. A O.Equiiinient, 78, 1895..Geu'lmort., 6s, 1931..So. Pac. of Mo.— Ist.O.'^
Tex.A Pac—1st, Gs,1905Consol., Us. 1905Income A. Id. gr., reglst,Rio G.lJiv.,08,1930
Pennsylvania RR.—Pa.Co.'s gnar.4ias,l8t,cpRegistered, 1921
Pltt.C.A St,L.-l8t,c.,7»Ist, i-eg., 7s, 19002d, 78, 1913
PiUa. Kt.W.& Chic—1st2d, 78, 1912
•44 !»
88103
1021a100
118
75
II214100100
idi"
8045 >4
70102103
llS'al111
I
80I
agii'
104"
i'tii'
104103
no113
108896998
100111106
10963
103
ids'
10198 'a
971a'11134 112'.j106106
106102115
108101
9697
85554205
Pcnn. RU.—Continued- I
3d, 78, 1912 11.30 1131
Clev.A Pitts.—Cons.s.fd. 123ia 1254th,.s.f<l.,0s,1892 *107
St.L.V.AT.K.-lst,g.,7s '1172d, 7a, 1898 *
2d, gn.ar., 78, 1898.-..,*iPitt-s.B.A B.—1st, 68, 1911Rome W.A Og.—lst,78,'91Con., 1st. ext., 6s, 1922.
Roch.A Pitt—Ist, «3,1921Consol., lat, 6s, 1922 |
Rieh.AAIIeg.—I.st7s,ig20: 65Rich.A Danv.—Cons.,g.,6s 96Debenture O3, 1927
[
491Atl.ACh.-l8tpf.,78, '97;Incomes, 1900 '
Scioto Val.—1st, cona., 78. I*
StL.A Iron Mt-lst, 7s llOi,2d, 7s, 1897
I
103Arkansas Br'ch—1st, 7s, 100'^Cairo A Fulton-lst, 78:*104Cairo Ark. A T.—l,st 7slGen'l r'y Al.gr., 68,1931 1
62i.j
StL.AltonA T.H.—fst,73 '1092d, prcf ., 78, 1 894 ""2d, income, 78, 1894Bellev.A So. 111.-1st 8s
StP.Minn.A Man.—Ist 7s•2d, Ob, 1909Dakota Ext.- 6s, 1910..1st consol., 68, 1933..-.1st. cons., OS, reg., 1933.Min's Un.—1st 6.S, 1922
St P. A Dul.—lst,5a, 1931So. Car. R'y—Ist, 68, 1920
'2d, 68, 1931Shonand'hV.—Iat7a,1909General, Os, 1921
Tex.Cen.—lat, a.f., 7s,1909Ist mort, 78, 1911
Tol. Del. A Burl.—Maln,6s1st, Davt Div., 68, 1910Ist, Tei-ltru3t 63, 1910
Tex.A N. O.—1st 78, 1905Sabine Div.-l8t6s,1912
Va. Mid.—M. inc., Os. 1927Wab.StL.APac-Gen'l 68
Cllic. Div.—6s, 1910Hav. Div.—68, 1910Tol.P.AW.-lst 78,1917Iowa Div.—Os, 1921Ind'polis Div.—6s, 1921Detroit Div.—6s, 1921Cairo Div,—5s, 1931 ..
Wabash—Mort 78, 1909Tol. A W.—Isl, ext., 7sIst St. L. Div., 78, '892d, ext. 7s, 1893.-....-Equipm't bd8, 7s, '83.Consol. conv., 78, 1907GtWest'n—lat 7s, '88
•2d, 7s, 1893Q.AToI.—1st, 78, 1890H<an.A Naples—1st, 7sIll.A So.Ia.—lste-x-,U3StL.K.C.AN.—R.e.,7sOmaha Div.-lst, 7sClar'rta Br.—63, 1919StChas.B.ge.-lates
No. Mi.ssouri—1st, 78WestU n.Tel.—1 900,coup.1900, reg
N.W. Telegraph-7a. 1904Mut.Un.Tel.-S.fd,U.s,1911Spring \'al. W.W.—l3t,03
INCOME BONDS.
(InUrut pay,abU if earned.)
110103
i'12"110110105
1049611281
89611
45698110077
7585
971a87 I 92
8434
bd'YSi"100
I 90
.1
109109102
70989598I4
ids'110
97
95*8542 1<
64
106
1068010000
'Alleg'nvCent—Inc., 1912lAtl. A IMc-Inc, 1910.,Central of N. J.—1908 ....
.Cent.Ia.-Coup. deb. certs.ICll.St.P.AM.—L.gl-.inc..6s,Chic. A E. lU.—Inc., 1907jDesM.A FtD.— lstinc.,08 ..
Dot Mack. A Marq.—Inc .-
F,.T.V,AGa.-Inc,63,193l! 1
Elizab. C. A Nor.—2d, inc.' ..
iGr.BayW.A StP.—2rt,inc. *-.
-96!P6
99
103
,10034
81118110Ill's
63I65
89ia:jlnd. Bl. A W.-Inc, 1919
1009898
903443
96 Hi
139'130
(Tonsol., inc., fis, 1'921
'Ind'sDecA Spr'd-'2d,inc.i Trust Co. certificates .
.
Loh. A Wilkesb.Coal-'88Lake E.A W.—Inc.,7s, '99
t
saud'ky Div.— IUC..1920Laf.m.AVun.-Inc„'78,'99Mil. L. Sh.A W.—IncomesMob.A O.— lst,prf., debon.2d, pref., debentures3d, pref., debentures4th, prof., debentures .-
N.Y.Lake E.AW.—Inc 63N.Y.P.A O.—l8tincac..7sOhio Cent,—Income, 1920Min'l Div,—Inc.,7a,!921
Ohio So,—2d inc., 6b, 1 921Ogdens.A L.C.—Inc., 1920PeoiiaD.AEv.—Inc., 1920Evansv.Div.— Inc., 19'JO
I Peoria A Pek.Un.—Inc.,68iRoch.A Piltxb.—lnc.,1921Rome W. A Og.—Inc, 78.So.Car.Rv.— Inc., 6s, 1931StL.AI.Mt—I8t78,pr.l,a.St L.A.A T. H.—Div. bd8-
37
Mat 81. 1S84.J THE (^HRONICLR MBNew York Local Secarltles.
Bonk 8taek liUt.
CdMl'ANlKH.
Miiti'.! tlnim*)»luul Niillouai.
P»r.
Amsrioa*Amar, Exohug*...Bn>ft<lwftyButi'licriTA I)rov'»'tviitrulCtiA^t^ •
CliHtliiiinClltMllli'Al
Clti/.i'iifi'
eitvOinuin>n'0i'ontmi iitAl
Corn I'lxoliange*
—
Kartt luvorElvvt'iitti Ward*FlftliFifth Avenue*FlrntFoiirt))Flllliiil
(InlliiltnGiirllcl.tHcTiiiaii American'.(Irniiiiii Kxcliaiige*tlerniiuita'Orectiwich*Hanov»»rImii. it Traclera'IrviiipI.oiiiii'i Manufre*..W:nili;lttau*MllIM:.'Miirk. t
M.'c luiiilos'
Mc( tiiiiiics'ATrads'Ml 1. .intlle
>f (]( iKinrs* '
MrrrliaiitA' Excb...]WutrolJolis*Metropolitan i
Murray Hill-j
Nassau* !
New York|New York County -
N. Y. Nat. Exch....'NinthNorth America*Noriti Uiver**. ,
Ori»'ntiil*IViriH.
yi"''".ri-y"^^^".'."'.
Ki'iMi;,;icBt. Niiiiolas* ,
Seventh Wartl ,
Becoiid8hi.<'\- r.oathersti' "f New York'
'^Mien'aTillTillViv,I'lilti il StatesWitll ^-I^oetWest .Side*
ion100•2i26
1001002S'00<^
10^1001001002S25100100lOO10080SO1007610010026100100BO
100SO
10010026251006060100100100
."lO
10010010010070SO2660
10025206010010010010010010010040SO10060100
PBICR.
Bid. Ask.
ISO
118
270163
400
115
iao'
160
156260 260
14S
120"
130
145
170
126
iss'
Ve'i'
125ISO
SO
IDS
i08"
106
iBaamnoe Rieek LlM.CPrioM by K. H. Ilallvy, 7 I'Ine St.)
BItl. Aak.0OHPANIB8.
AmericanAnier. Kxchange ..
BoweryBroadwayBrooklyn
cntyClintonComniervtalContinental .
T.»ftlaKninire CityExolianireFarragutFiremen'sFiremen's TrustFranklin A Kmp..German.AmericanOermanlaOlobeQreenwlchGnanllanHamiltonHanoverHomeHowardIrvlugJeffersonKings Cnty (Bkn.).Kulck orl)OckerLon/t iBl'd (B'klyn)liOrlllanlMuuufac. (t Bnlld..Mech. A Traders' ..
Mechanics' (Uklyn)MercantileMorcliantrt'Jlontiiuk (nklyn.)..Nassiiti (Bklyn.) —NationalN. Y. Equitable ...
N. Y. FireNiagaraNorth RiverRacllioP»rkPeter CooperPeople'sPhenlxButger'BStandard8tarSterlingStuvve.-*antTraile.*>men'aUnited StatesWestchesterWilliamsburg City.
P»r.
601002S25179070100SO1004010030SO1710
100JOO'^SO6026100166010060100SO20405026100as6050SO506037 "a
< 861006025
' 2510020SO60
I 25' 60100100252525
14610l<MS1115
ItIO
14512UViU70
Tii2HU7000100HO70110'jn6i:i5no23080no136135666012020086100701008010560
10510514685ISO801201051701001501081401151>0
606511770125
10 112060 200
ISS113163nsnoISO12512600240•no80loo-ns8580113210143lis2»065lis1451406570UO2100011075108DO11265110no160P516095
l.iO
noISO108IBSlis150l:!01006360
1'23
75133125210
Gas and City Railroad Stacks and Bonds.[Gis Qnotations by GEO. H. Pbestibb & Co., Brokers, 11 Wall Street.]
Brook, yn Oas-Light ^
Cltlzei »' Oaa-L. (Bklyn).Bouris
HarlemJersey City* Hoboken..M;inl iiltanMctv.'i ohtan
W lit'iiai (nVy.')"""""."
N.iMs. u (Bklyiil)!""-- -tsciip
New VorkPeople s (Bklyn.)BondsBonils
Centialof New YorkWilli. inisburgKnll.lw
Mctruiiolitan (Bklyn.) ...
MuniripalBonils
Fnlton MunicipalBonds
Fquitahl"
2320
1,000602060
100500100
1,00025
Var's10010
1,000Var's
5060
1,000
2,000,000 Var's1.200,000 Var's315,000:a. *0.
2,000,000 F. <fe A750,00OIJ. 4 J.
4,000,000iJ. & 3.2,50O,0O0;.M.*N.750,000;F.&A.
3,500,000! Quar.l,500,000:M.<StN.
5 Mayl0,'84 1303 I
J an. l.'84| ilO
3 "a Apr. l,'8i 1073 IKeb. l.'84,ll.'i
7>alJau l.'8t|ltiO
1,000,000700,000
4,000,0001.000,000375,000
Var'sM.&N.M.<&N.J.* J.M.*N.
ijune2,'84IMayl3,'84
1'25;000' Var'9 3466,000 F.*A. 2
1,000,0001 Quar.... l,000,0fK) A.AO.100 1,000,000M.&N.100 3,000.000i
,750,000; M.dkN.
100 13,000.000I
300.0001J. <t J.100 !2.000.000|
2 Hi' Apr. 10 '84
6I
19022 June2,'812>alMay 1.'846 |Mayl,'843 !Jnue2,'84SHi May 1,'81
Apr. 1, '84Feb., '81
Apr. 21'84 I'JO
Apr. I,','j4!l05
Jan. 1. '81 00
275225107128102100i'O
13280108ilo
71)
Mch.7,'841888
May26,'.-4
207107 "n
13510890
13302no1'20
1702H5^32no130105no9216684110100
i28"10803
2Vi11014011206
[Quotations by H. L. Gbant, Broker, 145 Broadway.)
qaoutiona ! B<Mt«B, PblUdrlpiii'i itni B«ltlaMr«.
BKCURITIBS. BM. A«k.
BOHTOlf.Alrh, A Ti.p.'ka-Ut.Ts.
I.«nil graiil. 7«AtUlltIc A raclOo—6* ...
Inc oIl(Mt<iii tic Miilne-'7nBosiun A Albany—7a8s
Boston* LowoU—Tt
Bootonii ProVidaaetH-ftBnrl. A Mo.— Ld. gr., 7bNebraska, 0». ItiemptNebraska, 6S.Non.ex'plNebraska, 4s
Conn. A Passnmpslo—7«Oonnotton Valley—6s....Ss
Kast'm, Mass.—6s, new..Port Scott * Onlf—7s....K. City l.awr. * HO.-68..K. City .It. Jo. AC. B.—7sUltle U. 4 Ft. H.-7S, 1stK. City sji'd A Mem.—6sMexican Central-7s . ...
IncotneN. Y. A N. Eugland-6s.7s ._.
N. Mexico A Bo. Pac—7sOgdvnsb.A UCb.—Con.esIncome
Old Colony—7»68
Pneblo A Ark. V»l.—7s..Rutland—6», 1stSonera—7s
STOCKS.Atchison A TopokaBoston A .\II);iny
Boston A t.owollBoston A MiilnoBoston A I'rovldonce—Cheshirn, preferredChic. A West Michigan..Ciua. (Sandusky A Cleve.ConcordConnecticut KiverConn. A PitssumpsloCennotton ValleyOet. Lansing A No., pr»LEastern, MossFltcbbnrgFlint A Pere Marquette.Preferred
FortScott* GullPreferred
Iowa Falls A Sioux City.Kan. C. spilngf. A Mem.Little Uock A Ft. Smith.Louisiana A Mo. River..
PreloiTOilMaine CentralManchertior A Lawrence.Marq. llouu'bt'nA Onton.Preferred.
Nashua A LowellN. Y. A New lOnglanrt ...
Northern of N. Uampsh.Norwich A Worcester...Old ColonyPortland Snco A Hortsm.Kutliind—PrefeiTcdRevere Beach A Lynn ...
Tol. CInu. A St. LouisVermont A Mas^Worcester A NashuaWisconsin CentralPreferred
lisUS18
101.<1U
I
Ml
iioir.i'i
Cam. «Mori
CMa.AiM, «•, , •»'.
Coaa., 6 p. <
a«.* Bnrl.
lawlastt I
Chat. "Wow 7
Cbart't'rg B«,
Bid. A<
laa .....
18110
84 1^
SB87
'7l>s176noxl56
30
72
30
1,^
llO>a
117
8S
lIilHi
7n.178
16360
169
20lilO7S
116>4
•70
19
Bl'cker St.A Fult.F.—StkIst mort
Br'dwajATthAv.—St'k.1 si iniirt
Brooklyn City-MtockiHt mort
Bklyn. Crosstown-Stock1st mort. bond.i
Bushw'kAv. (Hkln)—.Sl'kCentral Ci-ossiown—Stk.Isl mort.
Ceni.I'k.N.AE.Ulv.-StkConsol. mort. bonds
Chrtufph'rAlOth ^<t—sikBtnuls
DryDk.K.B.A Bal'y—Stk1st mort., consol
rhtii iEighth AT.—StockScrili
42d A Urcd St.F'ry-Stk'Ist mort
Houst.W.st.AP.F'y-Stklat mort
SecotKl Av.—Stock3d mortConsol
Sixth Av.—Stock A scripIst uiorfc
Third Av.—StockIst mort
Twenty-third St Stock.1st mort
1001,000100
1,00010
1,000KM)
1,000100100
1,000100
1,000100
1,000100
500Ac.100100100100
1,000100500100
1,0001,000100
1,000100
1,000100
1,000
J. A J.J. A J.Q.-J.J. AD.<i.-F.J. A T.
A.AO.J. AJ.Q.-F.Q.-J
900,000700,000
2,100,0001,500,0002.000,00(1800,000200,000400,000500,000600,000 .250,000lM.4N.
l.«0(),000i Q.—J.l.IOO.OOOJ. AD.050,000 F. A A.250,000 A.AO.
1,200,000 Q.—F.000,000 J. A D.
1,200,000 F.A A.1,000,0001 Q.—J.1,000.1100 F A A.748,000 M.AN.236.000 A.AO.250.0001 U.—
F
SOO.OOOjJ. A J.
1,862.000 J. A J.
i150,000 A.AO.
1,050,000 M.AN.l,500,tX>0 M.A.«.500,000 J. A J.
2,000,0001 Q.—F.,000,000 J. A J.
600,000 F. A A.250.000' M.AN.
Jan., '841 23 i 25»«July.lOOO noVj 113April, '84 15ii ' "Jliue.l»14 103May, '84 1210Jan., It02il06April, '84,155Jan, 1888 105May, '84 100Api'il, "84 1145.Nov..19221111April, '84
1140
Dec, 190211202VFeb.. '841130
Oct.. 1898 110May, '84 2(10June, '93 114
1914 104April, '84 2«.i
Feb.. 1914 1115
.May, •812.-10•' '93 112
84 110'94 11
1
'84 200
-',1
April,May,July,Jan.,April,May,Mcb.,luly.May,Jan.,Feb.,>ray.
85 101'88 107'84 320•00 110'84 27.->
'90 11
1
'84 170'93 110
100105215no165112Ida15011214142121140116215no's106285r.o205117
I
1131a;203103!l08,335115•280
1131761113
• This ooluma shows last.dlvldond on jtocJu. but date of maturity on 6omU.
PHIliADELPniArXILROAD STOCKS.!Allegheny ValleyAshtabula A Pittsburg.Preferred
Bell's GapBuffalo N.y. A PbllPrefeiTcd
Camden A AtlanticPreferred
CatawlssaIst preferred2d preferred
DelawareA Bound BrookKnst PennsylvaniaElmlra A \v illlamiiport.Prcfeixed
Huntlngd'n A Broad TopPrefened
Lehigh ValleyPreferred
Little SchnylklllMluehUl A sell. Kaven...Nesqiiehoning Valley—Norfolk A Wcst'u—Com.Preferreil
Northern CentralNorth PennsylvaniaPennsylvaniaPhllacfelphla A EriePlilla. (ier. A NorristownPhlla. Newtown A N.Y..Pllila. A KeadingPhlla. A 'I'lcntonPhlla. Wllm. A Bait..Plttsb.Clu.A St. L.—Com.Uulteel N.J. CompaniesWest Chester—Cous. pref.
West JerseyWest Jersey A Atlantic..CANAL STOCKS.
Lehigh NavigationPenusylvaniiiSchuylkill N.iv.. pref... .
KAILKOAI. IIUNDS.Allegh. Val.-7 S-lOs, '90
7».B.eit., 1910Inc. 7s, end., coup., '94
Ashtub. A |•ltl^b.-^at,6sIst, 6s. re,'., 1908...
Belviil'e nel._lst,6s,1902
14SII110-160143 >a
n>»
18», ......
..... 9435
9S 10>9
SJv
"40
si
4068
63 >a
543812
13S|
B. t,7».18e3.
Consol., Ok, 1913Bnff. N.Y.A Phil.—lBt,68ad, 7s. 190SCons. 6s,19'Jl••t.Tr.«s. 192"
4a»4
N. o. rNo. Pi-i
2d, 7-(ten . , .
Deheiil.lNorfolk .V
IVS .•»••
\i\ •
J
iio'138'<i
• -••••134
M
6760 Hi
noisv
Gen ,'J.-.' p., I'.ll"
Cons, (is, reg., 1005 ...
Cons., 6s, coup., 1906...Cons, 6s, reg., 1919....
Pa. AN. Y. C.-7S, 1806.7 1906 .
Perklomon— 1 Bti 6s,cp.'87Phil AErle-2d.7s,cp.,'88Cons., 6s. 1020Cons., 58, 1920
Phlla. Newt. A N.Y.—Ist
Phil. A U.-lst.6«, 19102d, 7s, coup., :81I3....
Cons., 7m, r«g., iOn ..
Cons., 7s, coup., 1011Con8.,6s,g., I.B.C.1911Imp., 6a, g., coup., 1897Oen., 6s, g., coup., 1008Gen., 7s, coup., 1008 . .
.
Income, 7s. eciiiii. : «!lfl
Cons. 5s, Iwi - -
Cons. 58,2"1Conv. All).
-
Debenture coiii-., ......,i
Scrip, 1882Conv, 7s, K. C, 1893..tConv. 7s, cp.off, Jan.,'85
Phll.wll.A Balt.-4a,tr.clPlit8.Cln.A stL.—7s, regPitts. TItiis. A B.-7S.CP.Rhainokln V. A Potts.—7aShen. Val.-lst. 7s, 1909Oen'16.<, 1921Imoine.e.s, ll>'23
Income, 5^1914Snnbnty A Erie—1st. 7s.
Snnb. Hai. A W.—Ist, 6s2d, 6s, 1938
Syr.Cien.A Com.—1 St, 78.
Union A 'rllusT.—1st, 7s.
United N. J.—Cons.68,'94Cons. 6a, gold. 1901.Cons. 6s, gold, 1908.Gen., 48, 1, old. 19-23....
Warren A P.—Ist. 7s, '96West Choeter-Cons. 78..W. Jorsey-lst, 6s, cp.,'96
Ist, 78, 1809..Cons. 6s, 1909
WJerseyAAtl.—lBt,6s,C.
Weaieru Penn.—6s, coup.6a, P. B.. 1S96Oen., 79, coup.. 1901CANAL BOND.S.
Ches. A Del.-lst,0s,1886Lehigh Nav.-68.reg.,'84.
Mort. RR., reg., 1897 ..
Cons., 78. n-g.. 1911 ....
Grotinwd Tr., 7a, reg...
Morris—Boat Ixian rg..'80
Pennsylv.—Os, CO., 1910.Sctinylk. NaT.—lst,8s,
123I'ia
119no106
\W
10
;
111
.'105
KO119
lis
82 8219'loo95
46
rg.
f...
6J
60
ei"
113
OS
111115118
106105106
114
yo
120
lis
"w
2d, '6s, reg., 1907
BALTIMORE.RAILRU STOCKS. ParAtlanta A CharlotteBalilmoi« A Ohio 1001st pref.
?•""•'--: 50
(, ...50
1..<vllle
\i...».,-.,. ....„., 1....50RAILKUAU BONDS.Atlanta A Chart.-Ist....Inc
Ball.ADhIo—68..'86A.AOCen. Ohio.—8», lst.M.AS,Chart. Col. A Aug.—Isl..
2dCln. Wash. A Bait.—lets.2ds8<U
ColnmbiaA Ortenv.— Ista
2ds .- ,
No.Central—6s. '8.->, J .AJ
.
68. 1900. A. A O6s, gold. 190" •
Ha. Series A
V irgliua A I'euu.—6s . .
.
8sW.Md.-r.--. Isl. g.. J.* J.
2d, L- ......
2d. K .J.*J.
68. .1 .JWllm.i: >v .\ IS. OS......
Wll. A Weinon—uold. 7s.
104^
1U6
170
.....
14 >.
100 <k
80lots107^
80I05t«
97
79
134
14M
no86
108
.... ' '.I'.'V;
cev I
8499 >«
urJS116S
76*
118lUHilllTS
.01111 J I*
12J
121US
-*ii.x.dividend t Par Bhara. t In dataolk I Kz,«lcMa>
644 THE CHRONICLE. fVot. XXXvm.
KAILKUAU EAKMNUS.The latest railroad earnings and the totals from Jan. 1 to
latest date are given below. The statement includes the gross
earnings of all railroads from which returns can be obtained.
The columns under the heading " January 1 to latest date" fur-
nish the gross earnings from January 1 to, and including,
the period mentioned in the second column.
Boadt.
Ala.Gt.SnntlicrnoAtcli.T.&SFeBiifl.N.Y.& PhilBur.C(<1.K&NnCaiiHrtinnPaiiflcCeiitrnl Towa ...
CeDlinlP.TCitirOiesiip. & OliioEliz LfX.&B.S
Oiuapo& AlimiCliic. Burl. & Q
St. Ill
Latest Earnings Re.porltfi,
WeekorMu l^•^4
elite. & Kast,Cliic.&Gr.TiTHiliChic. Mll.&BtP.Chic. & Noitlnv.Ch.St.P.Miii.&OChic. .V- W. MidiCin.In(l.St.I..&Can.N.O.&T. P.Ciu.Wash.&Balt.CIev..Akrc'ii& ol
CleT.Col.C.&ImlDaiilmrj' & Kor.Denver AKioCirDes Mo. & Ft. 1)
Det.LiiiisV&No.Diib A SiuuxCityEasternE.Tein.Va.&Ga.Evnnev. & T. HFlint & P MarqFlor.K'wny &>'.Ft.Worth * DenGianclTinnk..GrBavW.ASt.P.Gnll Ceil ASaiiFeHone E.&W.Tcx6 lU. Cent. (111.)
Do (Iowa)Ind, Bloom A> WK.C.Ft.S.&GulfKan. C. 8p & M.Kentucky Ceut'lLake Kiie & " .
L.Rk.A- Ft Smithli.Bk.M Riv Ji 1
Lon^ IslandLou Kv iVNaslivMar Hough.&0Memph.iCharlMexH an Ct'iit.c
Mex.Nal., No.D.Southein DivOther lines
Milwaukee A NeMll.L.SIi.&WestMinn.cS; St.l.oul-
Mif>8<iuri Pac c.
Uobile & Ohio .
.
Sash. Ch.*: St I..
N.OvtN.atheastN Y. & New Jnj:N.Y.LErieiWrtN. Y. I'a. & O
N.Y SH8(i.*\Ve8tKorfolk & Wear
Bhi uandoiiliVNortliem Ceiitr'l
Nortliei n PaciticOlilo CentralOhlo&Mit-sOregon & Cal...Oregon Iiiiii. Co.Orcf-'on K.itN.CoPeiiuwylvaniaPeoiia Iie.e .\Ev.Phila. & Erie ...
Pliila. ife RcadVDo Ceut.N..!Do C. & Iron
Eiclim'd4.Diuiv.Cli.Col.A All!.'.
Colutiiliiii&Gi'.
Va. MiiUandWest. No. Car.
Boeh. A I'ittKb'R
Rome Wat .& OgBt..loliT sn.A-E.C8t.L.Alton«tT.H
Do (lirelis.)
St. Eouia <& CaiidBt. L Ft. 8 & WBt.L A- Ban FranBt.PiinlA Diirtli
BtP.Miu.i ManBonth CarolinaBo.Pac Cal N DDo So. Div/Do Arizen"
/
Do N. Me.\.r'
Tex.& Bt.Leiii- (; 4iliAvk a'|iUnion Pacitto... MaiehUtah Central . M.iieh....Vlcksh'rmVMer.iApiii ...
Vicksb.Sli AiPac.lApillWest Jersey IMiireli ...
WlscouHlu Cent'lr.ia wk May
AprilMi.rchelini^ry..
3d wklMnyHil wk May3ii wk MayA.nilAprilApril;;il «k MayMarch. d wk .Vlav
WK Mar 8;fd wk va\3(1 wkMay;Jd wk May3ilwk MayAprilAiiril•Ill wliM.iy:^d wk MaiMai ehFelirnary.
.
Marchill wk Miiy3(t .wk May2d wk MayApril.. .
Airil....3d wk Mays(l wk M"y2d wk Ma4tbwk AiWk May 1.-d wk Ma>'Jd wk MayApril ...
3d wk Mayd wk Mayd wk M;iy
•Jd wk Ma^•.;dwk JIajFeliniary.istwkMiiyApril.\iril
I wk Mav•Sd wk .Ma.\
2d wii Ma.\\prilAoMlIstwkMajIstwkMiiy3it wk Apr"d wk Ma}.)d wk MajVliirell
.April
AprilApril.\|iril
.MarchFebruary.
.
MarchAprl3wk« May3 wkH MayA pr 1
;- U » k MaylKtwk.M«\•-'d wk AprFebruary.MarchAprilApril3(1 WkMayAprilAprilA|rilAprilAprilAprilAprilAprilAprild wk MayMaichMarch3d wh M.iv2.1 wkMi.y2d wk Aiir.iO WK Mayd wkMiij
.'d wk MayAprilAi'iilFi In nary.,i-'eliriia .V.
Feltnuiiy."'ebruary
84..'\00 73.4141,404,0.10 1,415,.5141-H.2.3«49.387
III.IHIO28,911
2.034.0iai290 31)758 8ii3
14H,()03
18S3.
!,10B.o2f•.:7,I2H
6(i.Oo7437.11011'143,tiOll
1 OH. 10029,;-46
I'J %fOi'211.49529,441K92a
318,71413.511
453,t Ol»i,'01
27.04.i17.C80
26«.3202.'^68-214.K6150.3 1519,13410.800
304,tintb,415
fi7.H4919.35t.
198,40'32,30(143,2<>241.Tg.=>2.J.H415.',7.-
2
I.'i.dOa
35,35224.P3>M,118
2.5B,9tiO2o,l"
101,7012511.1 00
7.8o<14 7i)0
9.91)0It', 14021,1
144.018I.10l>,057ITO.oeiilSa.16723,2d2
1,233,4094b7,1318-'.27.-
1411,70542.'--42
454.7jy288,. Oo27.50S8< ,9b.-<
)il.!i9-
291.9:8432,<i0(l
4,l.Mi,30912,577
279,923l,>S3.7p«971,887
1,238.0793 1 7,18'54.81145.72-130,84133,83^22.37;
1.(3.11
:
19.4.5725.1 0813.501.%60i8.111
78,18521,570
804,- 973,31'J7':,971
2G-.,<)i:
l.<2,1054,7 •.
1,97Z.71281.59931-.! OJ
8 ,4 325,021
14'.0(i941,012
13;i.e(H
286372,050,31329S.63047..54
148,4032.39'..5S^
35,r9i59.003
427,790450 .10098,111032.570
193,141173.1 IH27.v;029,92'
371 47814.29:
548.5'.04,89T
28.23119,526
267.hlt)2733214.0d45o.4i-l15,7h96.401
347,1357.4:3
65,14224.8H4
212,25f4I,5i"51,19927,791
46,7312.'.82-
3(1,60230,31047.69-
239.97<8.187
8(i,76(
186.B9r
Jan. 1 to Latest Dat^.
1884.
$351.2=11
3,743,1243411.307995 354
1,438.777532.380
6,625,0001.150.603209.719
2.^42,0335.7 5.261539.254521,00i;
7.837.00117.879,8182,017. lot)
583.396703,00978\676627.333l(i7.218875,20825.740
1.332 076J25,5'i9519,771314,790
1.0;il.9«31,21>',261256,36«961.307397.670121,1100
6,0=8.177135,019628,239
1883.
9,90(19 2
" £16 O 5)
1.1 50,05':12-,. 861161.435
5,881296.311
1.28.'.616Ol 8,-'li
7-<..=.ll
1J8,1)1651.1.8..
476 3 ift
16.;.75(23.6039.',3H-.
57,3298.37i399.-90
4,0'. 1.75113.248
311,tj3t726.016
3,792.30061 8, '.()".
919,51582J.68339,3-<l-
101,?3u
15 V,280107,2Hf783.78(
5.120.481122,71.-43^'.2498(i5,13t.
1.51,6502s5,72:
1^3,795405.4 9U373,93
5,222,2897o9,5M4792,47313J,M1075'<,759
2..505,740l,2s7,''.li'
2-2.1771,009.90.275,60H
1.725,7724.481,85^358,565
«330,075
3,r,li.8J2344,9.^9987,11-
1,432.297454,559
7.'; 83,4-91,141.84!203.970
2.786,9.'35,633.'iS5606, -.71
4^3,1737.909,1477.8(13,4^81,-64,404569,21875^<jl>3740,438667,470lf9.3l 1
991,18128,961
1,469.877107,871558.333371 145
1,053,1,811,248.2302(6.79997K.05(;331 225K'l.'.iOO
6,831,739145 46t>
652,953
4.0S1,';^572ii,-43
1,'I43.. 21649,576
95,378
]69,29i134..~4-<
744 0;i9
4,9.(7.93991,14>i
398.930670,107
1 62,01 5351,181369,158
69 s.1677K0.25022.:<54
779,7032.80-J.485l,l0i.. 34290.2t<9«4-<.(;68264,1-86
1,9(9.3182,540.00'.320.220
1,19:-:.00
267.40952.95343.092
125.82
1,760
11,0-"12(1.62 4
18.1421.8614.4! 86 8113,-32
6. .01 722.69181201678.9.>i>
72,1145271',926161,';
49,346
2,34i''7510 1,6. 929.- 373 151
76,-<4r'
22,611
137,491781.303
1,300.89015.159 90J
287,3901,027,.>9II
6,0:6,6553,165.3044.088,^4431,273.954271.359234,117(146> ,909l'.:9 1823fO,59'-327.54650.163
561.16294,27 57I,34v<
377.4101,(>64.3.350.31 3
2,361.533446.901152,3^2577,87(131-1.170109.586241, •<4
5,059,589232,31.'101 2t343,39-
2 1 8.1(7!
542,9'):
139.7:.
o
7 58.8301.43 ',625
15,>-92.70i2 ''5,2 14
1.-. 3 "1.108
6.168.494
New York City Hanks.—The statement in detaU was notissued for the week ending May 34, b,it the totals are givenbelow. Following is last week's statement re-published:
4.228.0231,20H,>.2K301.723i97.7i24(7.61.)v5,580
138.193327.04549.417
564,602SHi.tll94.:)0267 9.16
1.3 6,63336),O-0
2,421.2054949231.59,11 4579,059341,7a3105,.^2.)
5,98i",8'i'6
302,7 3 .
169,33628.H2 4
roii.7--.
483,755
a IndndeB Southern Kansas lines In lioth years, b Includes BoathernDivision. e IncludcB Iron Mount.iin R.tilroad. d Not including
earnings of New York Penu & Ohio road. e Including both divisions.
^Included in Central Paeitlc earnings above.
g Embracing lines In Missouri, Arkansas and Texas.
Avtraoe Ainr)VAit o/-
Hariks.
NeW^'orkMftnliatt.in coMerchants'Mechanics'UnionAmericaPbenixOilyTradesmen'sFultonChemicalM>rchauta' Exch.Gallatin Natiimal..Biiielier8'<ifc brov..Mecliauics' A Tr...(.iretnwic)!Leather Mannf'r^seventh WiinlSt.nte of N. YAtueric'it Excli'ge,CommerceBro.idwayMercantilePaclfloReimblioChatiiain . ....Peojiles*North America ...
HanoverIrvingMetropolitanCitizens'NaisauMarketSt. NicholasSlire A Leather..Corn Exoliange ...
ConiiueutalOrientalTuiporters'A Trad,Pa.kWall StreetNorth RiverKant KiverFonclh National,.Ceutial Nailon .1..
Sei'ontl Natiimal..Ninth National...Fit St Nationiil...Third National ...
N. Y, Vat. Exch .
ttoweryN. Y. bounty(r riiian-.\iiierlfi'n.
Cliase Niilional...Fifth Avenue(4 nuan Exeh'nge.G. riiianiaUnited statesLincolniiarileM :
Filth National....
Total 326,639.800 56,314,100 26,113,100 317,200.700il4,19O.2iiO
The foUowmg are totals for several weeks past:
1881.
irvio•• 1724
Specie. L. Tender^, Veposits. [Circulation Agg. Clear*g»
,3.'?.'?,t31,l,)0,-)8.S4 1,700 2S,0G9.S((0 329,«22,20n;i4,19i).2n0320,6 111 8I1II .-.«,3I4.-011 20.1 ! 3,'. 00:3 17,2110.7(10; 14.190,2011313,178.00 1 4.'i,51O.OII0l22,O'2i!.7Ool2il6,o75,300!l4 31li,8(lll
811.770,563SU«,.-.0I.086(i.'i7,t)34,18»
Boston Banks.—Following are the totals of the Boston banks:
1884. Loans.
Mr 12•• 19
14?,67fl,90014 1,709,' (1.1
139,70-,6 "0
Specie. \L, Tenders
$ I $6,238,.10l> 4.724.300«,213,:^00 4,o()(l,2(10«,5oS.7l)l) 4.68:i,200
Depo»its.' Circulation .igg. Clear'gs
91,170,90090,638,.')ll0
86,125.91)0
23.305,40923.411,701123,,-.0S,4(>0
67.81)4.2537.').15S.787{;3,932,830
Fhiladelpliia Banks.—The totals of the Pliiladelphia banksare as follows:
Loans. Lawful Money. Deposits.* Circulation. L4(/(;, CT«tr'3«
12 1 79.059,41719
1
7K,.S26,12il
21 I 77.08 l,«(i3
20,238,(143l..,4;tl,8i218,,52.3,021
72.S48,97371,981,3816!l,vO.i.0S7
$ $8,49ti,012 55,SM.i,6298,lT.i,i88 64.897.9798,48^.320 I 56.719.045
' luciuiliag the tle.ii "duo to utlier banK:i."
Unlisted Securities.—Following are latest quotations for aweek past:
Securities. BUI. j«k. S«urit(M. Bid.
~7Ask.
Atlani Ic it P,<c.—6.1, Ist il N, V, W, Sh.A B.—StocU. 10I'J 14 l"*
HIneks, 3) p. c Ml t6 North. Pac.— Div, bonds.. 72 74Cent. Div , old 6.5 Nor )i Uiv, Cons.—100 ii.e
jOhio cent,—Uiv. Div., lit12 18
Cent. Div.. ne V It) 17 2«7 2iv S
Bost. H, & E.—Now slockOlilstock
1.
>J ;:::::!
Irtt iimrr 67Host. ii.T.Ji West.—St'ck 3 1 H Pt'dples Tolepfinue
.,r<Debeniuies ; 42 44 "4 Pii.riitiirff A Wt-steni 20 25linlf N V Jb. Phlla 8.)
4'.jProf .. P<>-ial Telegtaph—Stflck. 51aTtUHt boiiilrt, 6.S 60
1 in moit..C8 42 4313ralitoriiiiv PattHc Post:»l Tel.it Cable-StockClm; & All.— libiior. Htock 6 •Wi'l. R. & D — '.St. 8t|..l '82
Chicago *t CAiia<ta?^o l-aj
2*1 viort.slampeit 1880. 'a
c:uuiiutiuial c«iiHi.Iiin».> o 10 17 St. JuKej.h A ^'e.-^tern .... 8 "a
Uenv Jk, UioUiamle—Conn 45 62 St. Jo. t\t Pac. Ist iiioi-L.
20 28Deuv.A RiOGi. W KstiiH. tit Neb., 1st luorl.
l^tni.O ar.i vIJ.&HioG. 34 4(j 2rt (tioi-t-
EilWnn Kloctiic i.U'Ut 65 Stale of Teuii.—SeL'm't.38 4()
^ubs .settlement, 58 OSGi^oigia Pao—-to^k 5 Settlotiiont. 6» 80
1st iiiorr.,Cd 8j Tex.AC 1. I p.— Ki-bona2tl niort 40 Texas Paiufl;—Old acr p. S3
Kt^. ly Motfir..... 6 1215 NewscilpTex. «t.L.,M.ctA..liv..aH.p
8626
151,
2^49
18-4
3
M.AA.Div..lucniiies.afj p
9>4 y-'n. l«t,lil.Kr.Aiiii;.aiip. .....
Mut.Uu —sl'ck trust ctfsM,K.«fe'r.— Income s.'nn .. 371; 44 Vlcsbiirit <t Moridian.. aN. Y. M. Vn. Te.—Stuck. »4«. 1 l^t uiort
May 81.188'!.] THE CHRONICLE. 616
JuuestiueutsAND
R A I I^ R O A D I N T E M. I CiS R M <' E
.
Thf Inviwtdiw' Snppt.KyiKin routniiut a nnmp/ete exhihit ofthrFituihil. OrhlofHtatcsand Cities and ofUm ^tuckn ami lionils
of Hailrnadu ami other Companien. H ispubltHhed on thflast Saturday of every other month—r>iz., February, April,June, A iiyvst, October and Deceinbur, and ti furnished withn>if ' rfrn chanje to all regular subscribers of the Chronicle/'i '/ riipie.s are sold to subscribers of the Chorniclb at fiii
cents each, and to' others than stibsoribers at %\ per copy,
ANNUAL REPORTS.Pittsbnrg' Cincinnati & St. Loniii.
(For the year ending December 31, 1888.)
The annual report of Mr. George B. Roberts, President, says:"Tlio tonnage transported was 8 466.544 tons, against
8,125,645 tons in 1882, an increase of 840,899 tons, mainly incoal and live stock. The coke traffic shows a decrease ofabout 25 per cent, or 84,346 tons, and griiin a decrease of 78,097tons. There w.is an incroa.se in freight earnings of $815,669, ofwhich $179,521 was from througli tonnage. The average ratereceived per ton per mile was 7'0 mills as compared with 7mills for the previous year, but the average cost also shows aslight increase.
" There were carried 1,235,983 passengers, as compared with1,161,538 in 1882. the gain being on local travel. There was anincrease of |o7,704 in passenger earnings, the rates being betteron both local and through traffic.
"The increase in, expenses was mainly due to the cost ofre-building engines, and an outlay of $91,465 upon the newshops at Columbus." » »
" The issue Of flret consolidate<l mortgage registered bondswas increased $82,000, in exchange for a like amount of couponbonds retired, making a total of $3,997,000 of registered bondsissued at the close of 1883. The first mortgage 6 per centbonds of the Steubenville & Indiana Railroad Company,amounting to $3,000,000, which matured at the close of the
CI, have been extended as registered bonds for thirty years,ring 5 per cent interest per annum.
" Under the re-organization of the Columbus Chicago & In-diana Central Railway Company, already referred to, yourCompany received in settlement of its claim against the former$1,028,668 of the preferred and common stock of the ChicagoSt. Louis <% Pittsburg Railroad Company."The comparative statistics of the Pittsburg Cincinnati & St.
Louis for four years, compiled for the Chronicle, are asfollows:
1880. 1881. 1882. 1883Miles owned & oper. 201 201 201 201
OPBRATIOXS and FISCAL KEBDLT8.
Optratinn»— 1880. 1881. 1882. 1883.Pa«acnepr8 carried.. fl02.454 1,017,431 1,161,,53S 1,23'..H83Padai'iiir.T mil.as •
. 36,303,4K8 3?,«0l.30J 39.:(04.8;i6 4u,425.700Batir P' !• i>a»s.t> mile. 'i-SS ota. 2-31 ets. 2-5i cts. 2-60 ct-i.
FiPlslit (t.m->l inov.'d 3,009,994 3.2n7,.'j44 3,l-'.'> 045 3.466.544Pr'ght (fns) mile;iR«. 38 j,153.890 401.94-;,01J 415.441,9.'57 428,2(13,199At. latf p. toup. milp 0--*4ct8. 0-72 ota. 070 eta. 0-76 cle.
Eaniinga— $ $ $ $Pa=aeiiger 864,419 830,:ni 994,220 1.05>,014Fr.i;Ut 3,217,078 2,884,011 2,9-7,!i98 3,243.(i67Mail, eiproBS, &c ... 241,910 294,701 29.',705 328,059
Total gro«8 earnings 4,323,407 4,069,053 4,214,923 4,623,740OuerutiHff exjieiiiiea— .•!!$*$
Mnlnt. of way.Ac... 414.355 614,230 620,833 571,231Motive power 527,166 686.797 688,v.'-.2 99!).6o9Maliit (if Ciira :-t77,114 3(5 062 299.804 42.5,738Tran.siKiitn rxpen's 857,901 911.861) 979,-it6 97.'),6S4
General lincl taxes). 114,186 121,790 142,825 115,133
Total operating cxp. 2,290,725 2,759,740 2,631,000 3,087,465
Neteamings 2,032,682 1,309,313 1,383,923 1,536.275
P.o.ofop.ex.toeam'8 5298 6782 67-17 66-77
INCOME ACCOUNT.*
1880. 1881. 1882. 18S3.Bee«lpU- * $ $ * .
Bet Hnniinsrs 2,032,682 1,309,313 1,383,923 1,636,275Reutiils and Interest 16,ii4l 2'2,670 19.036 8,"84
Net from I'sed loade. 647,858 532,690 609,271 401,132Miscellaneous 86,521
Totallncome 2,698,581 1,864,673 2,099 351 1,946,191ZHsbursementii— 9 * „'^. , ,_ Jt. „„,
Benial-< paid 801,048 819.464 825,447 8ol,931Intere»l oil debt 842,480 846,769 861,990 714.490Otbe. iiiterfc«t 174.944 181,777 2-22.985 231.210Inl.onC.&.y.Val.tMl«. 105,<i00 105,000 105,000 105.0Oi»
LoaaoiiSt.l.V.dLT.H. 27,241 170,445^'-^-'o^i
Miscellaneous 14.8>2
Total )i950.713 2,123.455 2,005,422 2,000,033
Balance siu-. 745,568 def. 258,782 «nr. 93,929 det63,842
• Exclusive of Col. CIilc. &. Inrt. Cent.
OENBUAL BALANCE AT CLOSE OP EACH FISCAL YEAR.
1880. 1881. 1882 1883.Atteti— 9 9 9 9
BE., eqiiipraent, *0.. 19,942.295 19,979.033 19,905.963 20.605.107Btot^ks owned, cost.. 58,39!.' 5S,399 57,'299 •l,085,9(i7
BoudH.iWi,"<l, cost .. 283.0O0 28:i,000 28:i,ii00
BettenrrisUil-s'dr'ds 7(itt,241 8.15,376 656,777 20,318Biil8cVa<:ctJ«.r6(elv.. 1,076..528 980,133 1,001,034 1,107,502Materials, «Qel,<tc... 625,859 732,474 83-J,930 474,337
~lnclndc« $'0,000 Little Minml EIot. stock; «37,298 Union Depotstock ; *48.i)S0 coiumous'id $979,681 preferred stock Chloago Bt. lyiuls
& Piltdbuig KK. Co.
CaKlinn ImiidClu. ctr. t onn. Uy ..
Prjflt iv liMH linliinco
Tofn) nmtvtn.
1880.«
46'.'. 1 8.1
l>(,)Uill
lt>81.
*207,4(1501,11.-19
87U..WJ(M.O.iU
1M3.«
3I7.7Z'*r.t.r.'n
33,210,144 S3,eO(UM3 33,111 1,HI
«
« • «2,508.000 3„'W>-<,000 2.50^.(100s.-ci't.'joo ft.!i-."> ."(><) '.n-'fi-joo
\ II i!i; . IH i.iidi In i.iai) 1 i I. '..11
1 Coiiii.IkIh. i(l-.>,.-,(KI .'(1-J,."MMI 30-J..HI0 3«1-J..'.ii<)
•aia (H.81II 13.l,(m5 Ml.WHW B«l.!»iOrioiK .v loKH lialiuieu. 07,o.'>l
Total llalilllHes . '23.219.144 2:^.(MMI.91-i '2:4.1111.HM 23.^08.010t Ot H lili-li f:ill7.i:0u fouiiiioii uu<l ¥2.950 pi-nfemxt U atrnu. ,« Iimi.
Stock iutconveiiv<t.
Kentiirl(]r Contral.
(For the yeir ending Dec. 31. 1883.)
The report of the President. Mr. C. P. Huntin;"'-- '" jurtbeen i«>ued, and states the niil<>age as follows: -•.—
Covington to Rielimond, 117-.59, and Argcnta t<- i ne,80-48 miles; Muysville Division—MavKville to I'ur.s. 49'33:Lexington Division— Pari-i to Lexington, 19-I7; Richmon(lBranch—Richmond to Stanford, 83'8U. Total uiiles operated,vm\n." » • •
" The flo.-vting debt of the company, inrlu '--'- '" iMe,
final estimates due the contractors on tli • tc,amonnteU [Dec. 31, 1883,]to$939,.864, le»8$. ihatcan be applied to its reduction, leaving a floating debt ol $863,»840 to be arranged for. To provide for this tiiei-e are onhand unsold $:MI,000 of the 6 jier cent consolidated Ixtnds.
The larger holders of the bonds of the coiupanv proposed toreduce the interest on their holdings to 4 per cent jier annumfor the next three years, on condition that the stockholderswould contribute 10 per cent on their sliares. This proptwitionhas been assented to by nearly all of the holders of both stocic
and bonds, and it is confidently believed that all will join in
this plan, as they will all share alike in its advantages. TliTse
measures will secure about $.'>40,0()0 from the st<x-kliolder8,
and from the bondholders a reduction in the interest obliga-
tion of $380,000 for the three years, and this will enable thecompany to extinguish the entire floating debt, complete theextension with the necessary terminal facilitie.-', provide forthe renewal of tho remaining wooden bridges on the old line
with substantial iron structures, and other a'ldition.4. andplace the company on a substantial financial ba-^is, wliiclj will
result in the appreciation of its securitie*." Un-Jer this ar-
rangement, the fixed charges for the year would be $308,990,including interest and rentals.
Comparative statistics for three years hare been compiledfor the Chronicle as follows:
nOAD AND EQCITMENT.. 1881. 1882. 1883.
Milps owned 100 100 218Mi:o-iK-aaed 49. 4U 59
Tot:il oper.it'd 149 119 275
Locomotives . 10 22 28Pxmenger. iii:>il and nxpress cars. '-5 'M 38Freight and otUcr cars 337 611 64»
FISCAL RESULTS.
Eiiminnn- - 18-=1. I'S"?. 1883.PasseiiKir $2-J(i,5-.4 $.-47.7,'9 $30 Vi6.'»
Fl-.igllt; 4.<H.(;9'i 4:<4,3:ii 4 9,770Mail, expiefs, &o 39,881 4-.-,:i38 b6.3l»
Tot«l gross earnings S705.r.;7 f7-'4.36« *-'4?,0.^2
Opcratiuscxiiouses 490,655 415i90 4-5,-.i3a
Kctciimlngs $214,472 t30'.),273 $356,819
IKCOMB ACCOUNT.
Jteeeinlit— 1881. 18-'2. IR'S.
NctL-ainings $214,472 $309,'273 $366,8l»JJisbursttnents— ^ „ -._«,«**
Rentals paid $28,000f2^-000 *<l'^l
hU..^st'oadebt 70.s:5 WjO '21A.^
Iilvidcnda "•-•'^? nA ^o-;MlsceUaueous j;3^b5 ^-^^j^ Z^^
Total dl-slmrseraents $.'13,741 $i:9.04-i $;J06.-.i8l
Baloncc, siin'liis *728 $130,-;31 »50,i2a
aK.NGKAL BALAXCE AT CLOSE OF EACH FISCAL YE.VR.
1881. 1882. 1883.
lUM/g— ** * *Rri.lioivl.l.nlIdlnga.ennipm-t,Ao. 7.fl67.9(lJ S.OWBl 0.211.733
MnvsMlle * lexl.iguni i.U 8^1 4»(.5^51-*J« „ sojl^f
P..il« k \.U Ingstoa ]i.Mcusion.... f ^ J.--»*,^8J-.',«40 ?..'^2 -SM
HoiHl account 2,8.1,--00,-a:-_Vo
J*'."*"*
ljt\n\, o.-lt.ola
Bl.saiidnwiuntsP.wivaUo .^'.O^l»tV':.' m.'??
Macrals nu-l.&c U'.^.fj
1 1 V-
»
»3-;'jCasbouhaud 2iMi^ 21 '-'•'4' *""»
Total nfwets II.OIO.'JOJ U 317.1-.U 13.r.M,3ia
Slorrii'Inui^n "... ,0*l..5no 5.-M*(.80O f..'-sl.«)0
FMild.'d .II•l^(s,:osl•PI'L^:MK^T) .. ft.3V.';()0 5.334.0.0 C.O wm-iO
B lix iiij-ililo •.;92--':is — .4.0,u«
Allotliei-'dno-nnd nccouuteJllff.M', ViicVSi
*"n^."l4B
Profit and los* ^'l-"'" ^Xa,»U -" '^^^
TotaniiMltlcs 1I,946.-.00 11.317.10J 13.384.319
* Inolnding . oupon due Jan. 1, 1884. $181,110.
Patiflc Mail Steamship Co.
(For tlie year ending April 80. 188 1.)
At the annu.al meeting of the stockholder-i of the Padflo
Mail Steamship Co. the foUowing .directors were elected w»t»»-
646 IHE CHRONICLE. [Vol. xxxvni
out opposition: Jay Gould, Sidney Dillon, Russell Sage, C. P.
Huntuigton, Henry Hart. Wm. Remsen, Edward Lauterbacli,
J. W. Shaw and J. B. Houston. The only cliange was the
election of J. W. Shaw in place of E. H. Perkins, Jr., whodeclined a re-election.
The report of Mr. J. B. Houston, President says: " I submithereto annexed the statement of your business for the past
year, and hope that the same may be considered satisfactory,
as it shows the net earnings to have been seven per cent, andalso that the increase, with one exception, is distributed over
the different lines of the company. The present status of
affairs is due to the excellent fleet of steamers we now possess,
and tlie growth of the business generally at our various ports
of call—giving the company greater freights, and enabling usto transport the same at lower cost.
" The payment of our indebtedness to the Panama RR. Co.
lias been continued, without default in a single instance, at
ihe rate of $20,000 a month, in addition to the fixed chargesdue that company on traffic account; and we have paid aquarterly dividend of I'li per cent, leaving us with cash onhand nearly sufficient to pay a year's dividend at the samerate, and a prospect of an increased business for the ensuingyear.
" The company, tlirough its able counsel, has laid before
the proper committees of Congress, in a formal and official
manner, the gross injustice that has been done to Americanships in compelling them to carry the mails without compen-sation, and I am glad to say that this appeal has met with anaffirmative response from almost every person who up to this
time lias had an opportunity to act upon it. Remember that
in this matter we only ask to be placed on an equally favor-
able footing by our Government with vessels carrying theflags of rival nations."The earnings and expenses in detail, for three years, were as
follows
:
EAKNINCa.18i<l-82. 1882-83.
AtlantlcLInc $Uit3.oa.5 ii;799.7G7Panauiiv Line 1.675.777 1.844.4(^2Tran.s-Piuilic Lino 1,053,370 715,732Au.straliau Line 334,870 353,200Austral'u&N.Zo.aland subsidies.. 208,931 173,980
Ccnt,Am.& Mexican subsidies.... 90,403 102.8Hawaiian Government sub.sidy... 8,000 5.500Interest and divs. on investments. 13.0i)3 17.941Miscellaneous 37,098 27,7(;HExeliauge 3,870 61,010
1883-Sl.$991,09 4
1.790,9 j71.251,702309,2SS1S0.19K105,.-,00
5,50014,0914,=),G0ti
33,27S
Total $4,124,713 $4,102,704 $4,787,8E9
Atlantic Linerunima LineTr.insP.acilicLineAustVitliau Line ,
AgenciesExtra repairs and expeiises.lntel•e^tMifcellaneons
EXl'EKSKS.*196,337],' 80,897531.487:i07.2923.0,8071«-,J22H3.0:M
141,900
.$545,1,212,447.3 17,395.129,78,30
,854144,'9ii
402710,702,704075
$5701,H!70354(iS,
392
53138,
l':5214493ii.785,014188,OJS
Total $J,v;23,030 $3,190,507 $3,394,419Netearuings $901,077 $912,257 .+1393,180
The following were the proportionate earnings of the sevi ral
lines from freight and passengers in 1883-84.
Lines— 'Passengers. Frtiyht.Atlantic Line..; 149,5>,4 841.5111rauaiuaLine 340.988 1,449,939Tnins-I'aeirtc Line [94.300 057.450Australian Line 234,510 131,77^
Ttilal.
991.< 911,790.9-7
009,288
Total $1,319,388 $3.CM3,083 $4,10J,07l
The following is a statement of the financial condition of thecompany on April 30, 1883, 1883 and 1884.
ASSETS.1082. 1833. 18S4.
Cost of steamers $11,971, !5S $12,382,159 $1],'.00,S15Keal estate and improvements 1,079,513 1,079,513 l,(i79,513Coal supiilies, ic 450,072 3h9,774 47m, -lOl
Sundry as.«ets 512,328 204,947 1,2,-<0.981
Profit and luss 7,071,570 7,198,893 7,070,209
Total $21,084,017 $21,295,288 $21,187,819LIAIilUTll;?.
Capital stock *20,000 000 .$20,000,000 $20,San Francisco—Unpaid bills 72,153New Yorlt—Unpaid liills 44,107FauamaKK. i o.—Loans 1,212.032
Do. Trailic account.Unclaimed dividendsCoal freights !.
John Fine ifc Co (coal)AKont.s' balancesDue connei tiiij^ steamship comp's.Pa.ssage credits and ordersPanama draftsMiscellaneou-sSuspeuso
80,5701.404
27,1010,082
184,17420.10423,0421,51011,093
28.92005,3:^6
1,013.52870,123
1 ,40411,47047,126
,000,00020,
1
1 (i
70.79383 -,91471,5101.404
0.^'.00
17,46025,009J.,5905,7521,503
:.'5.<)8n
30.e54lO.O.SO
5! 3.)3,533
Total $.:i,084,647 $.il,295,288 $21,187,819
GENERAL INVESTMENT NEWS.Central raciflc.—The following is a preliminary oflficial
statement in advance of the directors' report.
INCOME AND EXI'I NDITI'RES FROM TIIK SAME FOlt THE TEAK END NOUEOEMUEU 31, 1883, CO.MI"AKED WiTU THE YtAR 1882.
Reeeipls.— 3,041 miles. 2,998 miles.Gross earnings from roads $25,002,757 $-4,744,421Net earnings river steamers 20.485 1.236Investments 0,000Interest received on sinking funds 281,200 335,125Cash from land sales used to redeem I'd bds. 711,000 574,000
Total $20,675,502 $25,6CO,782
Fxpenditures— 1S8 2.
Operating expenses and rentals $16,067,181General and lejjal expellees, &c 580,5;7Taxes paid duriug the year 44 8.005lulercst (includ'g Cal. k Or. Div. In progress) 3,443,413
Total $20,515,180AmouiUs apjiiied to rcduclion of debt—
Laud bonds redeemed $711,000Paid into sinking fund of company t 1,034,760Paid U. S., account of interest aud tiak'g fd. 792,920
Total $2,538,080Balance available for dividends $3,591,fi41Lividends, tix per cent 3,550,530
* Balance of surplus or deficit $35,111Business of land depuvlvienl—
Receipts for laud sales, leatcs, ttnmpago. &o. $753,707Bonds redeemed 711,0-0Cash in hands of trustees 584,710Lihd notes, Ac., ou hand 1,073,056Comparison of assets and liahilities—
Fundea debt $51,199,OCOBills payable and demand loars Dee. 31 (in
part to be conveited into a corresp'g amt.of Cal. <t Ore. Ist uiortg. bonds) 2,872,280
Accounts payable : 2,084.476
1893.$16,5^0.600
63(i,91344'.;.727
3.510,401
$.0,196,863
$571,0001,088,625671,381
$2,334,O0»$3,1211.9123,536,530
*$426,617
$90«,702574.10092(i,"90
1,0.12,970
$53,025,000
.1 420,6002,289.157
Total banded and floating liability $59,155,750 $61,331,757Less—
Bills receivable $840,665Accounts receivable ftM2,478Cash on hand 320,019Supplies, inatoriaU aud fuel OQ hand 4,091,982
$8 I0,e6.'>
727,7117212.082
4,738.633
$3,830,076 $0,519,688Deduct quick assets as above
Net funded and current debt $53,319,680 $34,S15,0i8
t Funds amounted to $0,933,044.* Apparent deticit on year's husinees diminlgliing by so tnuch the accu-
mulated surplus from previous years.,
New York Chicago & St. Louis.—This company (the Nickel-Plate) has filed its returns with the Railroad Commissioners atAlbany for the quarter ending March 31, 1884, and an abstracthas been obtained for the Chronicle, as shown in the tablebelow. The exhibit is rather favor.able than otherwise, con-sidering that the road has not yet much local business and thatthe quarter was an exceedingly bad one for the trunk lines :
Jteceii>ls—Gross earnings $8")J.8SeOperating expenses (08-54 per cent) 551.048
Net earnings ....$253,238Income from other sources
Total net receipts $253,238Dedncti-ins —
Interest mi funded debt $314,979Taxes of all kinds 22,.')00
Keutais ],25SMiscellaneous
Total deductions $538,732Balance, defleit $?5,494
The balance sheet of the company gives vei-y few of thesecond mortgage bonds as outstanding (only !§TO;3,000), and it
is presumable tliat a large part of the item of loans and bills
payable—i?'.i,(iGy.798—is secured by second mortgage bondspledged as collateral. In the transactions of Grant & Ward alarge amount of these bonds appeared as collateral for loans.
But the whole amount of the second mortgage bonds issue is
$10,000,000. and after allowing ^700,000 for bonds sold andsay ^3,000,000 for bonds pledged as collateral, there would yetremain ;!i0,300.000 of these bonds in the company's treasuryavailable for use hereafter.
GEXEIIAL BALANCE SHEET MAKCII 31, 1681.
Assets.
Cost Of road and equipment $70,939,095'Stocks and lioiuls . f other eompa les 3iil.931Amount held by e(|uipmciit bond trustees 832,987Duo by aients ana others 3.0.0b7Supplies on hand OO.-tCOCash on hand 109.580Cash inhands of Unluu rnist Co., Now York 3,645Sundries 109,'17.5
Prolliand luss 8.;9,788
Total $73,313,034Liabilities.
Capital stork, common .$.'8
Capital stock, preferred 22Funded debt 15Equipment bnnda 4Li'ans and Mils payable • 2.
luK rest on fuudedand unfuuded debt due and accruedDae for wages, sjpidics. &cSundries
,000,00 >.<i00.i'0i»
.703 Oooo.ooo(i6!>,798447,370468.;-'2024,544
Total $73,313,031
N. Y. Lake Erie & Western.—The directors of this companyheld a meeting, and decided tii pass the interest falling dueJune 1 on the second consolidated bonds, owing, it is believed,
to the losses caused by the failure of the Marine Bank and thefirm of (Jrant & " Ward. Mr. Bird W. Spencer, theTreasurer of the Erie Railway Company, was a director in theMarine National Bank, and, according to the testimony ofFerdinand Ward, he was instrumental in getting certain loanson the hypothecation of securities and notes. How far thetransactions of Mr. Spencer with the Marine Bank and withGrant & Ward were instrumental in forcing this com|»ny toits present default the public does not know, and possiblynever will know. But it is a matter of record that the com-pany had previously dealt with firms of high reputatiiu, suchas Drexel, Morgan & Co. aad Kuhn, Loeb & Co., and it seemed
Mat 01 18S4.I THE CHRONKXE (517
ii;i!i ' to transfer its negotiations to such a concern as OmntiV W.uil.
U luis IxHMi tlio misfortiitio of the Krio projierty for yearn
past to he iii;ina;;t»il liy oIlicfrH who luul noliirni" intt-n'st in llmcompany as stocKlioldcrs ; and if tlio present Hitiiatinn Hliall
resiill in" the company's Roin)? into now liandH aii'l obtaining as!r"ii ; :iT\(l economical aJniinistration directly in the interest
III it , si )ckholder.H, it may liB tlio l);'!it tliin;< that coulil liave
lia|ii«'Mcd for the company. .Secretary A. U. McDonoughissned (lie following; ontcial statement in regard to the non-payment of interest :
The lljnil year of tlils roiiiiiany commi-iipi's with tlio IM of Optolicr.
Ax a L'CiK-rul niln tliu hiidliiesH luiil irarilngH nf thn riiiiipiiiiv nri- iniidi
less for lliv tlivt liiilt rii:ii; for ilin l:eit liiiir of the yi-ar. Thn fiilllii); <itr
111 earniii^.^ for tlio lirHt. nix iiiniith.i of llio prrHctit your liiift Ik'iwviiii-
uaiitil)}' lurjj'*. Tilt) ooupoiis on tlio hocoik! ('o:iHollilat<Ml iiioit>;ti>;o horiiU
jut) lino hikI liiiyiil'lc (III the 1st of .liiiio, inoxliiio. It whh at ••intMl wineby tho iiirlii's til liitoics', who iilaiiiiuil the iO!>r).'iiiilzutloii ol the KileCi'iiipaiiv niitl tbo oi'.'ani/.ailoii of tlil^t coiiipiiiiy (In iMirKaime ofwhich iihiu »n<l rctnxanizatlo" Iho mifoml conitolliliito.l iiiori-
Ciigc ami tho liii'.uls sconn d lliorcliy wore exconteilnntl iHsncil) topffVUIofor the oontlnKoniy of " any fnllure to p ly intere«l wliipli may lemiltjniin lilt" wiintot not c:irnln:?'( of tlio innriuiiKetl pri>nilae»," ami to itri
vitlo rnrllii)!* !in<l ar;i:iisl tlo) usual oooHi^tinoiioes which woithl followfrom Huch failure tt» piiy " until on each of six 8a(!ceKi*lvo dtic tliiti's of
coupons Hiiino intcrcsl eucnreil Ijy Iho Haiti Imlenturc Hhnll he In (! f.iiilt
SMil iiiipaitl." I'uilcr ordinary ciivaniatanccs tho Hoard iiiUlit on f hopivsciii. iia tni roTincr occaslous, provide to Bonn extent for tho dollcit
of tho first six mom lis, lelyinjf on tUo usual mcrerwe In oanilutfs of theliist half or tho year; but In the present d 'prcsse.! oondllion of thobiiaiaess <tf the eoiintry iiiul of the carnlugf of this eonipaay, ns well an
of others, tho Board does not fell at liberty to deal with anytliinit butthe business and earnings a-i now asccriatnetl. ami therefore ilccnis It
wise to accept llie pioviaiiuih ot the niortftsec as the lawful rule f >r ll»
jrovirnment in the existing' oniersency iiud eirotimstamjes, and forilio
present tti postpone tlio paymint of tho eonpnns beltinKUiK to the litimU
Issu.d under sacli nun ti^ajie and payable iiv the firms thereof on thel8t piox. TU>> Hoard believes that such failure to provide for the pay-ment of tho Interest cannot be of lon« duration, but that by the exerciseof Kreat eeouoiny in eoudui-ting the Uiislncas of the company and a care-
ful Uiiabandiiii; lif its ro.tourciw and proteotion of its credit, the emer-gency rctiuirini such postpoueiuont ot payment, either lu whole or In
part, will si>ectlil3' pitas.
Northern Central.—Tho comparative statement of earnings
and ex()enses for April and for four months ended AprU 30,
id as follows:-April.
leawd) for enrli month of tha fl«csl jrean U8M3 and IWUMwere an folio wit:
Ornu Ittfelitl:
1884.Gross eaminfcs., $4.^4,749
-1 mns. ended ipr. :^0.-
Opcratins expenses $216,2 i7Extraordinary expenses 29,734
Total expenses $275,9SI2 $231,541
Net eamlnm $178,750 $194,794
1833. 188 4. 183:^.
$17{>,335 $1,725,772 $1,069,317
$259,8(15 $9TK,0n2 $l,10,f,6302l,67J 132,332 178,426
$1,108,414 $1,282.03J
$017,357 $687,233
Norfolk & Western.—The statement of earnings andexpen.ses for April and for four months, in 1883 and 1884, is as
follows
:
. April. . . Jan.—Apr.— I mns.—
.
1394. 1383. 1881. 18-(3.
Gross earnings $J11,522 $190,995 $5tO,197 $800,102Expenses..... 13i,U22 109.769 .S34,002 4C2,0ti7
Netearnlngs $73,599 $81,228 $326,19.i $338,094
Northern Pacific—The gross earnings of the Northern
Pacific Kailioad for tlie month of April are officially reiwrted
as being $1,441,514; operating expenses, $598,167, or about
AIM per cent of the gross earnings; net earnings $8.43,347, against
$43(5,676 net earnings in March. This statement is remarkably
favorable, and shows especial strength in the small percentage
of operating expenses.
Pennsylvania Uailroad.—The gross and net earnings for
April and for four montlis are specially compiled for the
Chronicle in the tables below. The result of the operation
of all the lines east of Pittsburg and Erie for the month of
April was an increase of $336,025 in net earnings, and for the
four months a decrease of $341,287 this year compared with
the same period in 1883. On the lines west of Pittsburg there
was a decreitse in net profits of $100,038 for April and a de-
crease of $701,674 for the four months, as compared with 1883:
LINliS EAST OF PtTTSBDKO AND liRIIt.
.V«( Earnings.1834.
$1,166,1361.121,5791,404.5511,6J4,456
1883.$1,471,0531,336,61141, .155.4271, 41)7.831
t8'i:i I.
»Vl72.'.' »«
2.478,70«lU.I 1)4,7 1
U
».rji,Min
HH2.«».• 7."«l.'..*i'H
2.-t.'.ll.!IOl
'J.t7 7,Ml
7,910,0 IT
Xtt lUetlpi: — ->
Dcnfmhor .
.
.1 iiiiiiry ... .
I''eitrii)iiy ...
MurohAprtI
Tntnl B III"
TluMil>of New .)
IleadinK, and the exhibit for that company in uit fuUowit:
CKNTBAI. MAILIIOAI) OF MKW JKKHIIT.
tttlllnl.
4l|H4,090470, ill !
i|l.i:i.7«:i
«"4."i77iriii.'mo
707,901HI7.4Z«
»13.1.M,T17 ».'.
I'nt (l(M>M not include tli'
i-u-d and o|H<rate<l by tli
- <»'l»
111
L A
1883-84.Deecniiier.ImuinryFohniaryMareli
.
arof nerlnU... $73.%,3tl
fllKi.O.M
.. .76>,Hi27:M,»(14
April 071.^is
T-itnlS mns. $1,001,141
Xtt reeeinlt.
«i7U.2lUI ;f.l.^Hsfti.n.'i19'1,73-t46ll.6'jn
471 -t;?
47VM'4<ni4.ii::i
lAUt In V* R.»2I3,7IH»2().<,07«Iso.d^S272.3114-.U17
$2,112,131 fl.oeOMtO$1.405.9.%!—^The following circular signtxl by the PresMent of thePhiladelphiji & Reading Railroad (-'ompaiiy hai iKjen i»Hue(I
:
"Ntith'O Is hereby (tlvon to tho holilera of v.-,\ ,i» nofci Umr 1 frr ,\p It
wajei that on and after .Inly 15 ijexl ti iiiili-
roitd Company ami tiiC Plitlatlclphlii .V I "lywill receive tneRiimtr .It par and aceriii 1 -iht
and toll bills of tho I'lilladelphla .Si llf.ol.iii,- Kiili.n.l milcoal bills of the Plillailelphia it. Kiiullii); Coal .* li-tin 'c i ir-
niRoa and after .Inly 15, 1334, prjvldeU such uotei do r . theamount of said bills."
—The lix-ord says :
"Thn Directors of tho Philadelphia /c RcndInK Uailroad rmnpanyhave dceltled to pay the empioyefs of the (.'t^itral Kiiilrtiiitl ('o!ii|i.inr
worklnKlu the Stati) ot New Jersey In ciisli, as the la»a of that Hi«l«prohibit Iho payment of labor with scrip. No definite acllon has licnu
taken upon the naymimt of miners In scrip, and it Is thoUKlil that tlifijr
will receive casli. The railroad laborers anil other emoloyi'fs of thecompaiiv will receive scrip, inv/fe amounts of which have »ln"ady li»en
stilt out ami found Its way back into Thlid Street, this city, where It Uquoted at 95 to 98 cents."
Shenandoah Vallev. — The statement of earnings iuid
expenses for April and for four months in 1883 and 1884. is amfollows;
April.1884. 1883.
Gross earnings $58,538 $S(Mi77bxpenses 52.475 49,140
r-JoH.—Apr.—i mo*,-.1RS4. 1881.
$232.7(':) $: 1:4 8032UH,S41 207,003
. arnss Earnings. .
1894. 1333.January $3..'j74,233 $3,929..<57Febrnary :<.426.7.i3 3,712.215March.. 4.002.627 4,189,3'<0
April 4.1o6,B09 4.061,750
Total4mos..$H."l59.'()i)2 $7^392.702 .$..389,722 $-.,731,pi0
As to the lines west of Pittsburg and Erie, the monthly
reports i8.>med in 1883 and for the current year show the results
below. The company's returns, however, state a loss since
January 1 in the present year, compared witli the same period
in 18^3," of $716,830.
LINES WEST OF PITTSBCIIO * ERIH.
Ifet Surphis over all Lxabitiliea.1883.
$174,981Def. 104,776
235.951149,710
Itu. or Dee. in1834.
Dec.. $281.-"i37
Inc.. 14.725Dec. 334.334Deo.. 100.028
$383,860 Doc $.'01,671
1834.January Def. $100,556February Def. 150,051Marcli Def. 103.333Apiil 49.6 J2
Total 4 months.. Def. $315,803
Philadelphia & Reading.—The result of the joint opera-
tions of the Philadelphia & Reading Railroad and Coal & Iron
Com))any in the month of April was an increase of $126,897
in net earnings, and for the five montlis from December 1,
1883, a decrea.se of $1,050,0.34 net, compared with the same
period in 1882-83. On the lease of the Central Railroad of NewJersey there was a loss to the Reivding of $48,017 in April
and a los.s of $1,006,830 for the five months. The total
receipts of the Philadelphia & Reading Railroad and Coal &Iron Company (not including the Central of New Jersey,
Xeteaininss $8,062 $11,536 $23,922 *0.70»
Texas & Pacific—The St. Louis Globe-Democrat says:
"Col. H. M. Iloxie, Third Vice-President of the Gould lines,
yesterday affixed his signature to one of the largest deeds
of land ever made b- the comiiany. The deed wa«issued by the Texas & Pacific Railway Company to the Mag-nolia Cattle & Land Company, and transfers forty-eight s<iuare
miles of land, or 30,720 acres, to the latter, in consideration of
the sum of $99,840, or at the rate of $3 2.J per acre. The land
is on the line of the Texas & Pacific in Texas, and is admirably
s.iited for cattle-raising."
Toledo Cincinnati & St. Lonls.—Tlie committee first ap-
pointed to represent the lx)ndholdei-8' of both the main line
(Toledo Delphos &, B.) and the St. Ijouis Division (Toledo Cin-
cinnati & St. Louis) consists of Messrs. Jas. M. Quigley,
Halsey J. Boardman, Cha.s. W. Pierce, John McNab and Clias.
T. Harbeck. Their plan for keeping both divisions together
as a complete route from Toledo to St. Louis was for sometime the only plan in the field. It proposes, in subst.ance, that
a new mortgage at $15,000 per mile shall be authorizetl, andso much of it as may te necessary shall be used to change the
road to standard gatige, pay off outsUinding liens, tmd put the
property in gooil working order. Also to issue to present
first mortgage landholders new second mortgage bonds,
which shall have voting power, and thus practically have
control of the property. Income bonds and stock were to be
admitted in the reorganization on payment of an as-sessment,
but this feature it is proposed tt) modify, and admit the hold-
er of those junior securities without assessment.
Subsequently Mr. Austin Corbin proposed a different plan,
which also has the support of Mr. IJeo. Win. Ballou, the
banker who originally negotiated the bonds ot the com-
pany, and under this plan new mortgage bonds for f3,0(M» |«r»
mile would be issued, and to the present first mortgage land-
holders preferred stock would be given instead of secontl mortr-
gage l)onds. The interest on tho new fin.t mortgages would
be guaranteed in some maimer by the Indiana Bloomington &Western Railroad Co. ,.,.,. .i. 1
1
At a meeting heM Mav 20, m New \ork, the bondholders
approving of the plan of the original or Qui.;ley committee
declined to accept Mr. Corbias plan, or to co-oi)erate with his
committee, and in a circular just issued the following ob-
jections are made to Mr. Corbin's plan : ...,,.,1. That the prop<«cd issue of $3,000 per mile is clearly inad-
ecrtiate. since careful estimates given in .letail in the circular
show $12,584 i)er mile as immediately requtretl to pay off prior-
liens, and put the whole property in suiuble order for thruugb.
business. . x i j2. Mr. Corbin's plan proposes to give present ni- lund-
holdersno lien on the property, and subeequ' : 'g«(which wtniltl certainly bo found necessary; wou... i...^v prec-
edence of their (preferred stock.
8 That Mr. Corbin or the 1. B. & W. has no inten>st in anv
part of the property, except the 1«3 mil^o^ the,^'„^||"»
Division, from the crossing of the I. B. & W. at Metoa'.f. IlL,
to St. Louis, and that as to all the rest of the 283 mik* froto
Metcalf to Toledo the interests of tho I. B. & W. would bo
hostile.
648 THE CHRONICLK [Vol. XXXVIIL
She (ilomincrciiil %xmts.
UOMMEKCIAL EPITOME.~
Friday Might, May 30, 1884.
To-day, "Decoration Day," being a close holiday, business
is wholly suspended. The improvement during the week in
the financial situation has not been suffleieat to give a fresh
impulse to trade. Discounts, except of the most legitimate
cLaracttr, have been restricted, and further liquidation made
necessary. But there has been no severe depression in values,
and the future is looked forward to with increasing con-
fidence. The weather has turned quite cool, and floods are
reported from the Southwest, but crop accounts are generally
very good.
The speculation in lard futures has been much less active,
and prices somewhat unsettled. The tendency has latterly
been downwai-d, and yesterday there was a slrnrp decline,
onder Western manipulation, closing at 8'25c. for June, 8'48c.
for July, 8-57c. for August and 8-68c. for September. Spot
lard also receded yesterday, closing at 8@8 05c. for prime city,
6'32J^@8-35c. for prime Western and 8-50(a8'55c. for refined
for the Continent. Pork has lost the advance of last week,
^u-Qugh the ending of the speculative "corner" at the West
;
mess quoted at $17 and clear back $18@$18 50. Bacon is
entirely nominal. Cut meats have had a pretty fair sale
;
g)ickled bellies 73^@8c., hams lli^@13c., and shoulders 7i^@
1H4c. Smoked meats quiet; hams 13((J18i^c. and shoulders 8
@8J^c. Beef has been dull; India mess $19@$31 per tierce.
Beef hams are quiet at $24 per bhl. Tallovi^ has been more'
active at 6i^c. Oleomargarine sold fairly at 8fgC. Stearine
is quoted at 10c. Butter declined to 17@22i^c. for creamery
«tnd 10@ ICc. for Western factory, but closes steadier, with a
better demand. Cheese has dropped to 5i^@ llj-^c. for factory,
leading to a brisker business for export. Eggs are dearer at
i4@lGc. for Western and State.
. Rio coffee has been quiet and fair cargoes have declined to
lOc on the spot; options have latterly been dull at lower
price", closing barely steady at 80.j@8'10c. for June, 8'35@
8-80c. for July, 8-35@8-40c. for August, 8 45@8-50a. for Sep-
tember, 8-55<a8-60c. for October, 8-60@8'65c. for Novemberand 8'65@8-70c. for December. Mild grades have sold mod-eratel}-, at prices showing no marked change. Tea has been
dull, and, at auction, lower. Spices have been very quiet and
•omewhat weak as a rule. Fortign dried fruits have re-
maine'd quiet, with little change in prices; green have been
fairly active and steady. Rice has met with a moderate sale
at unchanged prices. New Orleans has been quiet and un-
changed; Cuba active at a decline to 17c. for SOdegrees test
refining. Raw sugar has been declining, with little business
on the epot, but a larger tr&de for future delivery; fair refin-
ing on the spot is quoted 5e. ; that grade sold yesterday at
t-82i^@4-85c. for July, 5-05c. for August and 5'20@5 2.'i^c. for
September; rtfined has declined, but closed steady; granu-
lated 6J.4@6 13-16C.; powdered 7>^@73^c., standard "A" 6%c.
Kentucky tobacco has ruled quite steady, though the move-
ment has been slow; lugs are quoted at 7J^@8^o.; leaf 8J^@9^4C. Seed leaf continued steady, and there are reports of
injury to the growing crop by frosts; sales 1,150 cases, includ-
ing 500 cases crop 18S2, Pennsylvania, 5@14c.; 150 cases crop
1881, do., e@10c.; 200 cases crop 1832, Wisconsin Havana, 22@t5c.; 200 cases crop 1883, New England, 12@30o., and 100
cases sundries, 49^@20c.; also, 300 bales Havana, 80c.@$l 15,
apd 150 bales Sumatra, $1 25@|1 65.
In naval stores little of interest has transpired, and the gen-eral feeling has been easy and irregular; spirits turpentine82@32»^c.; strained to good strained, $1 37i^@$l 42i^. Rtfinedpetroleum has recently shown a slight improvement, andclosed last night quite firm at 8)^c. for 70-abel test. Crude oil
certificates have latterly improved, with large buying ordersfrom local operators. Thursday the opening figures were 76c.,
highest 791.^0. and closinj; 77J8@77J£c. In metals, hops ajid
wool nothing of importance has transpired, but an undertoneof steadiness is noticed. ^
In ocean frtiglit room berth tonnage has been rather easy,exchange continuing unsettled, but oil tonnage has beenquite active, and all rates have been advanced. Today grainwasengHgeito Liverpoal by steam at 1^ I.: cotton 11-641.;cheese 30-i
; grain to L:)ndon by steam, 3.'^ii.@3*8 '•; do. toGlasgow bj' steaiii, quoted 3'<l.; 8*.ein\er wa-i chartered toload ill Philadelphia or New York for Bmibay with case oil
at 29c.; cruMe petroleum Ijence to Blaze, 2s. !).!.; refined do.to Biinien, 23. 61.; cases to Java, 28@'iUc.; refined in hlils. toPlymouth, 2a. 7i^d.; grain by steamer from Pniladelpliia toOjrk lor orders, 2s. 10J>^d. per quarter. ^_^_^
COTTON.Friday, P. M., May 30, 1884.
The Movement of the Crop, as indicated by our telegramsfrom the South to-night, is given below. For the week endingthis evening (May 30), the total receijits have reached 8,129bales, against 5,863 bales last week, 8,694 bales the previousweek and 15,657 bales three weeks since; making the total
receipts since the Ist of September, 1883, 4,751,663 bales, against5,834,186 bales for the same period of 1883-83, showing adecrease since September 1, 1883, of 1,072,524 bales.
Bteeipts at—
GalveatonIndianola, &c.
Hew Orleans...
UobUeKlOTida
SavannahBrunsw'k, &c.
CharleBton .
.
Ft. Royal, &c.
Wilmington .
.
Moreh'dC&oNorfolk
WestPoint,&cHew YorkBoston
Baltimore
PUladelp'a, &c
Totals this week
Sat.
21
13525
11
14
1
183
1
52
7
455
Hon.
554
82842
266
3
4
197
115
18
2.027
Tuei.
33
73032
65
11
14
274
1,322
2,481
Wed.
210
40419
20
2
2
1
1
11
679
rA«r».
2123
20
22
2
59
150
84
563
Fri.
8
1
346391920
45
264
90700425
1,924
Total.
837
1
2.655
16019
402
65
13
5
723
2092700
1,865
8 129
For comparison, we give the following table showing the week'stotal receipts, the total since Sept.l, 1883, and the stock to-night,
and the same items for the corresponding periods of last year.
Reeeiptt to
May 30.
aalveston
Indlanola.&o.
Hew Orleans...
Mobile
Florida
SavannahBrunsw'k, &o
Charleston..
Ft. Royal, &e.
VUmlngtonM'headCifcc
Norfolk
WestPolnt.&cHew YorkBoston
Baltimore
PhUadeIp'a,&o.
Total
1883-84.
Thit Since Sep.
Week. 1, 1883.
8371
2,655
16019
402
55
135
723
2
69270 ij
1.665
587,8608,473
1,506,066
251,92342,873
649,957
8.059
415«£k»l
13,633
91,66412,584
574.396220.471
106.928
176,920
29,34955,006
1882-33.
This Since Sep.
Week. 1, 1882.
3,549
798,913
84223
1,768
771105
55193
5,994
890671
2,204
1,346
3,018
8,129 4,751,662 30,426 5,824.186
611.837
16.8051,628,810
309,20818,378
802,454
5,508
564,73124,444
126,70019,214
786.835
225.283136,765
182,03660,649
104,524
1884.
3,595
107.684
7,303
1,757
3,263
1,57»
1,965
1883.
.20,239
149,39714,217
11,206
8,537
1,813
29,844
318.063
7,160
5.138
9,608
469 125 493.567
217,7795,485
18,471
7,577
In order that comparison may be made with other years, w«give below the totals at leading ports for six seasons.
Receipti at— 1884. 1883. 1882. 1881. 1830. 1879.
8alvest'n,&o. 838 3,628 1,434 2,437 2,086 2,428Hew Orleans. 2,655 8,913 2,318 8,062 3,370 1,437UobUe 160 842 841 1,036 5H 257Bavaonah 402 1,768 1,902 2,994 1,842 380Uharl'st'n, Ac 55 876 1,160 2,060 1,444 856ffllm'gt'n, Ac 18 263 53 884 95 103Horfolk, Ao.
.
723 6,834 4,540 6,420 8,085 1.59S411 others.... 3,278 7,262 3,702 8,769 6,241 4,025
Tot. this w'k. 8,129 30,426 15.950 32,642 23.674 11,089
Since Sept. 1. 4751,662 5324,186 45.'i6.88!> 556:s,<'42 4703 116 4400.810baiveaion luuiudes Indiauoia; (Jhanestua includes Puri. K<>yal, Ac;
Wllmlnicton Includes Morehead City, Ac: Norfolk iuolades City Point, dio.
The exports for the week ending this evening reach a totalof 17,442 bales, of which 16,478 were to Great Britain, 99to France and 865 to the rest of the Continent, while thestocks as made up this evening are now 469,125 bales. Beloware the exports for the week and since September 1, 1883.
taporUfrom—
dalvestonNew Orleans..
Uoblle
norldit
SavannahJharlestoo *..
.
WllmlngtoD..Sorfolkt
Sew York ....
'loston . . ....
BtltlmoreP&tladelp'a,&c
Total
9,733
4SS
880
1,862
16.678
Total 1HR?.8.S 4TIMV
Wttk EruUng Uay 30.
BxpoTttd to—
ertat Oonti- Total
Brit'n. 'Vance „^j. week.
4,123
QS 615
4,31
10.438
8} 865 17,44! d,S4;.06'. 481,624
fVom Sept. 1. 1883. to May i
Skvporitii to-0, 1684.
Britain. JVor.M
249.
781
5«,
3,
155.
11'-,
43.
253,
343,
loa
104,
MO
Oonti-(
34.766 84,176
67,a« 831.4S4
1,380
1S.436 1R8.717
24,497 138.06:1
3.8 ib
20.598
BO.GOa 82 710
3.12)
l,8VtS 58.02 i
s.ejs
884.105
Total.
13U0.3I5
3,704
357,798
273,184
47.242
274.510
156.343
107.149
162.327
93,830
3.592,1190
1 SMfl *^15
* Includes exports trom Purt Huyal. Aa, ^
Z.f Inolodas exports from West Point. Ao-J
May 31, 18*».l THK riTT^ONirrF. «49
In iKl'liii.iri ; 1 abovo (\\"p>)it-4, ourtelojfr.c
UB tlip foUowiiij,' iimouiita of potton on Hhipboard, ixil ili'.ii.-.|,
at the iK)it« niiiiieil. Wo luUl Hiiniliir fij^m-fH for N»>w York.wliicli lire prppareH for our special use by Mt-HHrs. Carey, Ynle& Lanil>ert, 89 Uroml Street.
MAT 80, AI-
New Orleans ..
.
Mm!"' •
''•>> >iton
H.ir.iii.nh,
.' ton
N . k
-Nnv VorkOUierportii
Total ISSi
rotallSSSTotal 18S2
On ahipboard, not ettamt—far
OrtutBritain.
.1,1 :;2
N(>n«».
Norm.No 0.
Nimo.Nono.7,100^.^oo
13,732
26.81()
fYaiue.
l.'-9:{
Nune.None.None.NiinoNone.Niiiio.
None.
l.SO.'l
Olhtr OooMt-Foreign viitt.
2,004None.None.Noiio.None.None.240200
2,444
6.641I
6.279
390None.None.
lao»7
790NoneNone.
1,407
7,3271,313
Total.
9,409None.Nune.
IfiO37
7907.3401,700
19,476
53.00137,127
"1 ;
uMmm&mM 4t
The week under review has been much quieter in the specu-lation for future delivery, and the fluctuations in prices muchlees important than last week. The floods in the Southwest,the rai)id reductions of stocks, and comparatively favorable
foreign advices were elements of strength early in the week ;
but on Wednesday notices of delivery on June contracts cameout quite freely, and being thrown upon the mjirket, in theprocess of liquidation which the banks seem to be urging upontheir customers, this crop declined a few pointi, while the nextcrop also favored buyers, though to a smaller extent only.There h.is been a slight increase in the movement of cotton,due, probably, to tlie financial pressure. Yesterday there wasless depression, but a dull market, especially for the next crop.The close was at a decline of 7@U points for this crop and 2@4points for the next. Cotton on the spot has continued to betaken freely for export, but the home demand has fallen off.
The reports from New England mills indicate that while someare stopping, others are resuming, work, througli the termina-tion of strikes, but the general tendency is to restrict con-sumption. Yesterday tliere was less doing for export, but a fairbusiness for home consumption, the market closing quiet atHJ^c. for middling uplands.The total sales for forward delivery for the week are 287,600
bales. For immediate delivery the total sales foot up this week13,888 bales, including 11,690 for export, 1,998 for consumption,— for speculation and— in transit. Of the above,— baleswere to arrive. The following are the official quotations foreach day of the past week.
Vai/ 24 toitay 30.
UPLANDS. NEW ORLEANS. TEXAS.
Sat. nou Tne* Sat. non Taee Sat. non. Tdc*
OrdloV-W* fl3« 93« 9i>R 95^ 9"s 95r 9»R 95s 9%Strict Ord.. y'»i« i>"u 9"ie 10i,fl lO'ia 101,
«
10l„ 101,
«
101,
«
Good Ord.. 10=8 lO'-s lOOg 10'« lO^fl lO's lO'g ICs lOTeStr.O'dOrd 11 11 11 1114 IIH III4 n'4 III4 UMLow Mldd'xStr.L'w -Mid
IIM im lliM UW lli« im Ills Ills 111?ll'lfc ll''l6 ll^ie ll"l« U1I18 ll"l6 1111,, lllllR lliije
Middling...Good Mid..
Wh u4 ll»i li-'s 11
V
UV U's 117p U'flll^S ll'R ii'a 1219 1218 12ifl 1218 1218 1218
Btr.G'dMld 12>8 1218 1218 12^ 129e 1238 123f. 123« 1238Mldd'g Fail
}3^12", 121s 12^ 12^ 12% 12% 12% 12%
F*lr 13>4 1314 I3I3 131* 13ia 13ifl I3I2 131s
.Wed Til. Fn. |Wed Tb. FrI. Wed Tto. Fr<.
pmln'T.»t>ScriotOrd.-
9^913,,
93« : 19»8 9»8 9»B 9»s
9'''ie : lOha 101,
«
10l,« 10i,aGood Ord.. 10=8 lOV • lOTg 10'h lO's lO'a8tr. O'd Ord 11 11 t^ 11'4 III4 >, 11'4 ll-*
>fLiwMida'Rlli4 III4 « llHi
a li"i«Ills
3Ills 111* ^
8tr.L'w.M]3 U'lS ll'lB ll"l« lUiia 111118 3Middling... ll»i 11 »S ll'ffl Ifs
Siy» ir'8
nGood .Mid.. ll's ll^S n l2^ 1218 I2ie 1218Sr. O'd Mid 1216 l-"fl 1238 12% •
. 1230 12%Middg Fall 121a ^2^ V2\ 12^ 12% 12%Fit .|I3>4 1314 :
'1213 13«8 : 1319 i3»s
STAINED. Sat. nioii|Tae« Wed Th. Fri,
Good OrdlnSirlciOoodL )w MlddliiMirtdlttiB...
ary..,,- .»» 991>1«
1(1 ifl
im
9 1 9
10>« 10>«
99"ig
lOiaXl>8
99n,8
101slllfl
Ordina Holl-dar.
im ills
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 aild a column which shows at a
glance how the market closed on same days.
Sat...Mon .
Tiiea.WedTliurBFri
Total. .
SPOT MARKET0L.08KD.
"feady.Finn...Htnid.y.Sieady.Sieady.
AI.BS OP SPOT AHD TRAHaiT.
Sx-I
Con- Spec- Tran-poH.\tump.\ul'l'n tit.
^»'-
2,7003.340,2.4"02,850|400
2104052i)2l
189902
.Holiday.
1,9981
2 9103.7452,6923,0391,302
„ , DtliT*»'" tria
39,60066,9004«.10086,70046,300'
I
40040040<i
300400
13,688 287.600 1.900
• 1 l.UliO.
The daily doUveHe* iriven above are aotaally delivered the daypreviouK lo that on wliinli they are reiijrlad.
The Sales and Prices of Futures are shown by the follow-
ing comprehensive table. In the statement will be found tlie
daily market, the prices of sales for each month each day, andthe closing bids, in addition to the daily and total sales.
•TncludcsdaloHln Si-ptemlv-r. l<''<3. for Sop etnlier. 76.-'o0: Sepcem-herOctolipr. for Oi>toi>ei. ;i3-<.0i>i>: 8«pt.-nilM'r-N>iT.-nii>.<r. f.r v..v,«iiil>»r,
309,S0O: S.-|"cinh«t I)"'i-cnii'tT. for Oweiulwr, 86 ...MK); Si>i">'nil>f r-
Jiinnary. for Jaiin»ry, 2. IT.UOO; SepK-iutK-r-Fobrnarv. f..r Kelini.ry,
1,780,>00: 8.M'iei"l>er-Man:h, lor March, 2,ao9.8uO; SeptcmLer-AprU.for April, l.i)9i',w00.
lYKimitiraOie oruers—Satarday, llOOc : Monday. tl-OJo.; TiMMUy,11-rtr.c : W.-rtni»r<rtay. Il-60o.< ThnrNlay. ll-toOe.; Fridav, e.
Short NiitUis for June— Wednesday, II-5lo.;Tbuniday. ir&C*ll'57o.
The following exclmngee have been made during the week:
•30prt.irpd.•31 pd.20 pd.•71 IMl.
•21 pd.•!>2 |h1.
•12 p<1.• 0|.d.•10 pd.•3!^ imI.
•19 pd.
toexrh.toexoh.to«»xcli.toex4-li.
to fXch.to exrli.
t<» exchto t-xcU.toexcli.to ex<-h.lo oxoh.to exub.
COO.lnnefor Aug.1(X) July for An>r.1,' 00 Jonc for .\ OK.1.000 Stpt for Antr.
1 .000 Oct. for Aug.400 Sept. for Aux.40O Nov. for A UK.U(K) July for An;;.
l.'.'OO JUIlBfOl^AllR.4iH) Juur for .iiMt.
.500 OeC for Juno.800 June (or July.
•11 pd. toexeh. ftOO Jm ,- furs, nt12 pd. inocb. 1 -
•15 ixl. toevcii. Ill
-.'•J 1x1. t».\, II. 1, i.
J<>'. II. 2<K) «»y Ii.f Ji.iMv
'< h. 400 Juue r. n. 2d
0.1 lul. i.x'v.h. 100 Jane . n. 3df"r roi:iiliir.
•2 • i»i. to..»<^h. 10O June forjnlj.•I 2p<l. (••••luti. lUU Juiw a. D. ^fur roiEUlar.
(550 THE CHRONICLE. [Vol, XXXVni.
The Visible Supply op Cotton to-night, as made up by cable
and telegraph, is as follows. The Continental stoclra, as well as
those for Great Britain and the afloat, are this week's returns,
and consequently all the European figures are brought downto Thui-sday evening. But to make the totals tlie completefigures for to-night (May 30), we add the item of exports fromthe United States,' including in it the exports of Friday only.
18?4. 1883. 18S2. 1881.Stock at Liverpool bales. 917,000 978,000 l,03i.000 902.000Stock at Loudon 61,000 50,200 63,200 40,000
Total Great Britain stock . 978,000 1,028,200 1,093,200 048,000Stock at ILiiuburg 3,'!00 3,800 1,800 G.r 00Stock at Bicuicn 69,500 51,700 28,500 50,400Stock at Aiiistcnl.'un 30,000 41,'iOO 10,100 41,600Stock at Rotti'idam 1,000 2,-00 1,360 5,S20
Stock at Antwerp 1,800 3,200 2,330 7^:0
Stock at Havre 242,000 174,000 139,000 207,000Stock at Marseilles r^000 7,200 2,930 4,000Stock at Barcelona 51,000 8.',000 23,000 33,000Stock at Genoa lO.iO) 10,000 4,000 4,000Stock at Trieste 9,000 9,900 5,180 6,9J0
Total Coutinental stocks 44.';,J00 391, lOO 221,520 359,700
Total European stocks.... 1,423,500 l,419,r00 1,319,720 1,307,700India cotton alloat for Europe.Anier'n cott'untloat forEur'poEgypt,Brazil,&c..allt for E'r'poStock in United States ports .
.
Stock in U. S. interior towns..United States exports to-day.
.
Total visible supply 2,401,675 2,-0.',fl25 2,490,370Of the above, tlie totals of American and other descriptions areAmerican—
Llverijool stock bales 640,000Contiaental stocks 310.000American afloat for Europe... 95,000United States stock 469,125United Stales interior stocks.. Stl.Of.O
United States exports to-day. . 1 ,000
730.000253,000365,000493,567100.558
6,C00
623,000107,000170,000443,01581,6059,000
333,000 383,000 425,000 303,00095,000 365,000 176,000 400,00024,000 35,000 36,000 45,000
469,125 493,567 44*,045 459,01856,050 100,558 81,';03 123,3421,000 6,000 9,000 6,000
2,644,060as follows:
691,000253,i;ou400.000459.018123.342
6,000
I Total American 1,571.175 1,948,125 1.139,650 1,932,360
iEast Iniiian, Brazxl, at.—
ilverpool stock 277,000 218,000 409,000 211,00!»
london stock 61,000 5O,-200 63.'.00 46,000Continental stocks 135.500 138.300 117.520 10ii,700
India afloat for liurope 333,000 383,000 4 .'5,000 303,000*Kypt,BrazU,i£C., afloat 24,000 35,000 36,000 45,000
I Total East India, Ac 830.500 85J.500 l,O30,7'.'O 711.700Total American 1,571,173 1,018,125 1,439,650 1,932,360
! Total visible snpply 2.401,665 2,8u2.625 2,190.370 2,614.060Pri03 Mid. Upl., Liverpool.... 638d. 5%d. 6»8d. ii'^itf^.
1^" The imports into Continental ports this week have been47,000 bales.
The above figures indicate a decrease in the cotton in sight
to-night of 400,950 bales as compared with the same date of
1883, a decrease of 88,695 bales as compared with the corres-
ponding date of 1882 and a decrease of 242,385 bales as
compared with 1881.
At the Interior Towns the movement—that is the receipts
for the week and since Sept. 1, the ^lijiments for the week, andthe stocks to-night, and the same items for the corresponding
period of 1882-83—is set out in detail in the following statement:
V
Total,
old
towns
Newberry.
S.C.
Rali-ijfh,
N.
(^..
Petersburg,
Va.
LouiBviile,
Kj..
Uttlo
Kocb.
Ark
Breuliam,
Tes*.
Houston,
Tex...
5 t-§ S ?is?c S-S » =1-3 g^gg =2
i i P: : i :Sg-fc:
\ g?: e; f-
§i?•
oCDo
wCOo
• 01-.1 ; cp 00 w 00 ; c*1-. 'ICJ'-i^. o
bi^l— MH-" to to ' toloncMCntU Kmco: •-i-'~CO*- ^raCO^i-lOatOOCnOrl-. l**0e-i*-O. COOi
tST
3»9
to
00
COo
en
»- to O' CO "- &3 I-* CJ
wVcc'tox t0 5i 'oa. h- c -4 'y '- c;« OSCCC^O'CCH-X'O -
C3CC.»P.^>>e-tOCOCOKia. t^C;i*-OiO-J'iXIOtfc.X to jc ci* ^•T'^'y^t^ ~ ." 'r'pyj^i^-P
cs » 1 to o; CJ cc to ^ O' ** CI o (X a c > CI r- ** i'.
CD"CO
op
^ J-.!-*' M- CO
^^ CO
bt"*. to »t» Ol • MCO' : H-'ootOCO' COloi-wo'UD cjcoh-o ; aooo'co; ; o 111
a'
COo
00
lO C>3'-'tCClOM OlOc;'Oo-jtLCo>-» o
oj'jx rfi.oV ^-'t30i"^-'• '^boDaitf^bi'to•"WOU-OMiUJii^O. C-'CO-J--ll-'COtOOCO *- O QC 'I CO toO O ^1 MO Ot C' Ci <- »i- o
^5
p
00
w
•J*
COo
CO to o«5 W *. M t^ M W "tf-
CXi tC*-C0Oi'-t"<l MO CTJT IC Xi i-W r- K-
fcCtO JO*|t.OjM !-• ^WJ tCM'ai to MS3Mcr.^-aoooMCnCPOo: oi<r^coxcj'^H'C:Oi^otHy«*-'fcOo«vji^ioo-Jt-0"'acnoi^-.i
If
a?
1to
c xco'C*:^o^>^^ o'i-^ "'-' c c -r. '-j^'z to M'» t-KCO — IC-J'go COto O '-C Ck. --1 C 05 to 10
o'rf*onxitfrio**w — ctot^*'Ococcm<-'-jC 00W IC M O: •t' XI H- M_*>> *- *• «;«>W^p TO
MV/o*:C^-C0MbJ:CflO<C»b'CJ^CJ'Cci>-"h-'
MOlC-JW^-CO-'IOCOH'C'-'CJtOCCOttfi-pM. 10
i
to^'
toX
10Oi to oo c»o>(^c;k-it 'to
t3 l-iC '- lOa-IM <l
C;VC0CC*^ »- —U» to --*.<-' QO'Tlh-DP--^ — tO — CntOO'Oi.tC. COCIOD CJW** © m — Oi CO <0 CO M cc at (f». *» - 1 1«- f- CO O -4
1sr
s
-1\t1»*
OCO «-- tf* to M OO - C o; c -) en orC C M 0.- O WO tfi
b3 I- tococo H»tO M It* H'CnplCCtOtOC^'OS'I-' X rf- a- b» cob «-• orW It*b be i-»b V<bb-viJj — *-* O .*- O' CO y CO-* -i- O ^1 C O '-' --I wu-^OxotocDuajtoctti-'i-'toco^-tooi
the same towns have been 5,764 bales less than the same weeklast year, and since September 1 the receipts at all the townsare 085,455 bales less than for tlie same time in 1882-83.
Quotations for Middling Cotton at Other SIarkets.—in the table below we give the closing quotations of middlingcotton at Southern and other principal cotton markets for eachday of the past week.
* This yo.Tj's figures estimated.
The above totals show that the old interior stocks have de-
creased (hiring the week 5,674 bales and are to-night 44,508
tiales less than at the same period last year. The receipts at
Week endiiiffMay 30.
GalvestonNew Orleans.MobileSavannahCharleston...WiUninston..NorfolkBostonBaltimore .
.
Philadelphia.Augusta.Memphis . . .
.
St. LouisCincinnati . .
.
Ijouisville
CLOSING QUOTATIONS POll MtDDLINO OOTTOS ON—
Sattir.
III9imIt'sIIH
1138111411%llOie12ll>a11>2UMj11=8llig
Mon.
IliaIllsIt'sIII4lira's113811>4115l11»812IliaIliaIlia11»9Ilia
Tue>. Wednes. Thuri.
114111-3
III3ll-*Ilia1138III411%11=812IllsimIt's11=8lUg
lligIII3lliaimIII31138It's11%115812111?.
IH3lllfl1158Ilia
imimIliaIIUIII91139in,611%11=812Iliaimim115aIlia
Fri.
'I!l8ll»a1114
iii«a=8llSgll"l5
1119HI3
Receipts from the Plantations.—The following table is
prepared for the purpose of indicating the actual movement eachweek from the plantations. Receipts at the outports are some-times misleading, as they are made up more largely one yearthan another at the expense of the interior stocks. We reach,therefore, a safer conclusion tlirough a comparative statementlike the following. In reply to frerjuent inquiries we will addthat these figures, of course, do not include overland receipts orSouthern consumption; they are simply a statement of theweekly movement from the plantations of that part of the cropwhich finally reaches the market through the outjiorts.
RECEU'TS FROM rLANTATIOXS.
WHk JUeHvts at the Portt. 8Vk atlnterior Tmvns. Rec'ptifrom Pianfmtndinit-
1882. 18f3. 18S1. i8ta.j
183.1. i8&t 1682. 1 1888.
25.871 1 ),?.•; 33
1884.
Moh.l4 57.151 lll.tSl 49.8-8 2S4,Jf-S 2j7,173 181,411 2881S" 21 ..... (il,a:8 105.062 42,63) 2:'3.61H 879,918, l.'O.SOK Sl.Uli t-7.835 19,ti3(>
•• 28 .... 5),fi35 88.1)98 52,H'^4 233.1t2 388,67i: 141,238 33599' 74,021 33 811
April 4 44.167 78.708 37,01 215,014 257,152 125SW 87,229, 68,889 21,24l>
'• 11 32,23» 72,1135 3n,ii3 3J1,717 239.181 110,038 1«,032! 55,241 14,787
" IS 2,),»:0C1 68,527 E0.271 160,281 1213 0;9 1)8,980 8,3 !4 4O.O05J 19.188
" 23 SS.flOO ^9,S41 20,92S 157,8 :6,lb9,8(.0 l)0,79i 11, I'll 36.021 12.737
May 2 34,423 48,781 20,0:3 143,327: 164,S£3i 82,8C9 19.914 23,338 12.C6*
P S5,!-81 50.575 15.867 127,(!30 117.94i Pl,2,a 10,I,S4 31,134 14 0.-3
" 16 20.C91 43.970 ?.8ai 115,435 •.S:i,872 73,'-22 e,fle9 29,905 S,28l
•• 21 13.9JI 88.539 f,888 101,0:8 123.585 70,E23 2,581 30.233 664•• .SO IV 050 30 438 S 129 Oi.5-5ln4.n7O 84,114 5,517 19.540 1.78a
The above statement shows—1. That the total receipts fromthe plantations since September 1, 1883, were 4,766,680 bales;
in 1882-83 were 5,922,380 bales; in 1881-82 were 4,605,049 bales.
2.—That, although the receipts at the outports the past weekwere 8,129 bales, the actual movement from plantations was-
only 1,780 bales, the balance being taken from the stocks atthe interior towns. Last year the receipts from the plantations
for the same week were 19,540 bales and for 1882 they were5,517 bales.
AsiouNT OP Cotton in Sight May 30.—In the table belowwe give tlie receipts from plantations in another f^-m, and addto them the net overland movement to Jlay 1, and also thetakings by Southern spinners to the same date, so as to givesubstantially the amount of cotton now in sight.
Receipts at the ports to May 30Interior stocks on May jO in
excess of Septeraher 1
Tot. receipts from plantat'neNet overland to May 1
8outbei-n cousumpfu to M.ay 1
.
1883-84. 1882-83. 1881-82. 1880-81.
4,751,662.5,824,188
15,018 98,191
4,766,680516.721;264,0C0
Total In sight May 30 5,577,408 6,797,212 5,237.079 6,309.915
5,922.38059!>,86;:275,001
4,556,889
4S,160
4,60 J,Ct'.-
423,63021o,00ti
5,565,042:
97,632
5,662,674472,24 X176,00l»
It will be seen by the above that the decrease in amount in siKltto-nlKht, as compared with last year. Is 1,219.936 bales, tlie increase ascompared with 1881-82 la 339,727 bales, aiidtha decrease from 1880-81is 732,509 bales.
Weather Reports by Telegraph.—The weather during
the week at the South has in general only been fairly favor-
able. There has been an improvement in the Southwest,
altlioiigh some sections had further heavy rains. In the
Northern Atlantic sections there seems to have been a cold
wave, checking growth, but no frost is reported anywhere,
Oalvfston, Texas.—It has rained hard on four days of the
week, the rainfall reaching two inches and eighty-two hun-
dredths. By the recent rains and floods much damage has-
been done to crops, fences, railroads, roads and bridges
throughout the State. At the close of the weelc there is a-
favorable change in the weather. The thermometer has-
ranged from 67 to 83, averaging 78,
Indianola, rera-.—We have had showers on four days of"
the week, the rainfall reaching thirty hundredths of an inch.
Weeds are growing so fast that they are becoming trouble-
some. Average thermometer 78, highest 86 and l,)west 66.
Palestine, Texas.—It has rained on three days of the week,
the rainfall reaching ninety-eight hundredths of an inch.
M\Y 81, 1884.J THE CHRONICLR «51
Much iliiirmjco lin.s been dono by rocoiit ruins, mid wci'tln aroiH'coininK trouhleHomo. Kor aineriil days tho ruilroiidH withI omm!lle<l to hIoji riiniiiiiK- Tho thcTiiiouictur hux avrniKodi >', the hiKhest l>emn 82 ami tlio lowest (Wl.
UtintsDille, Tt.vas.—U liiui rainod hard on two dayH of tlie
week, and niuih daniaKC haw been done. The rahirull reachedtwo inches and mxteen Inindredths. Weeds aro Ix-cuminKIniublesonie. Tlio thermometer ha.s averaged T'l, after Mngin^from G3 to 8<t.
Lu'ing, Texas —Wt> have had no rain during tho week.I'rospects are Ix-'tter than in most sections, but still weare badly in the ktiss. Tho thermometer has ranged from 07to !)l), averaging "Xfi.
Breiih'iin, 'Jecnns.—It has rained hard on five days of thoweek, the rainfall reaching three inches and ten hundredths.There seems to be no end to the rain. Immense damage hasbeen done to crojis and railroads. All the streams have Ikh-u
out of their banks, and submerged crops aro lost. AverageI liermoiheter 75. higliest 80 and lowest (i;i.
Helton, Tea as.— It has been thoweiy on two days of theweek, the rainfall reaching eleven hundredtlis of an inch.Much damage luis been done to bottom lands by overflows;iiplnnds are doing belter, but weeds are troublesome, and woAW having too nmcli rain. The thermometer has averaged 74,
the highest l>eing 88 and tho lowest (50.
Weatherford, Texas.—Fortunately we have had no rain(luring the week. Work is about resuming after the recentfloods. The thermometer has averaged 70, ranging from."i.") to 85.
Dallas, Texas.—Wo have had no rain during the week, atwhich there is great rejoicing. Much damage has been doneto crops and railroads by recent rains, and both work andtraflk' were entirely Rusi)ended for a while. The thermometerlilts ranged from 64 to 91, averaging 77.
iieiD Orleatis. Louisiana.—It has rained on five days of theweek, the rainfall reaching thirty-four hundredths of an inch.I'he thermometer has averaged 78.
Shreoejinrt, Lontsiana.—We have had clear and fine
weather except on the first day of the week. Tho rainfall
reached twenty-five hundredths of an inch. The river is fall-
ing steailily. Planting prosi>ects much better. Roads bad.Tho thermometer has ranged from 63 to 87.
ViclMhurg, Mis.fis.sippi.—It has rained on three days ofthe week, on two of which severely, and the remainder of theweek h.os been cloudy and cool, but at the close there is afavorable change. The rainfall reached two inches and eightyhundredths. The thermometer has ranged from 61 to 87.
Meridian, Mississippi.—The early part of the week we hadrain, but the Latter portion has been clear and pleasant. Goodprogress is making in clearing the fields of weeds.Greenville, Mississippi —Telegram not received.
Last week we had too much rain, the rainfall reacliing threeinches and fort3--eight hundredths. The thermometer rangedfrom 61 to 80.
Columbus, Mississippi.—Telegram not received.
Little Rook, Arkansas.—Telegram not received.
Pine Bluff, Arkansas.—It ha.s rained on two days of theweek. Generally the days have been warm, but the nightshave been cold. Stands injured. Average thermometer 73,
highest 83, lowest 62.
Ji'ort Smith, Arkansas.—We have had no rain during theweek. The days have been warm, but nights have been cold.
There has b^en 10 per cent more cotton planted this year thanlast year. The thermometer has ranged from 54 to 84.
Helena, Arkansas.—Telegram not received.
Newport, Arkansas.—Telegram not received.
Memphis, Tenne.ssee.—We have had rain on three days of
the week, the rainfall reaching one inch and ten himdredths.The weather has been too cold for young crops during the
latter part of the week, but no serious damage has resulted.
The thermometer lias averaged 71, the highest being 85 andthe lowest 60'5.
JNashville, Tennessie.—It has rained on three days of theweek, the rainfall reaching forty-five hundredths of an inch.
Days have been warm, but nights cold. The plant is small
flnd backward, but the crop is now steadily improving. Thethermometer has averaged 70, ranging from 55 to 86.
Mobile, Alabama.—We had severe rain on three days duringthe early part of the week, but tho latter portion has beenclear and pleasant. The rainfall reached three inches andseventy hundredths. We have secured a good stand, and the
<;rop is" developing promisingly. Tho th-^rmometer has rangedfrom 64 to 92, averaging 75.
Mord'jotnery. Alaoaina.—We have had a shower on one dayof the week, and the remainder of the week has lieen i)Ieasant
and warm. The rainfall reached but one hundredth of aninch. The crop is developing promisingly, and prospects in
this section so far are excellent. Average thermometer 76,
highest 89, lowest 63.
Selma, Alabama.—The weather has been warm and dry all
the week, and the crop is developing promisingly. Averagethermometer ~2. highest 8'.i and lowest 59.
JEiifaula, Alabama.—Crop prospects go<xl.
Mud'son, Kloridn.—We have had delightful showers duringthe week, and the indications are that they extended over awide surface. The rainfall re.-vched tifty-two hundredths of aninch. The cotton plant looks strong Jind healthy. The ther-
mometer has averaged 84 '5, ranging from 67 to 99.
Mai-.on, Uenruia.—It has rained on three days of the week.Tho crop is developing pr,)misiugly ; we hear no comolaiuts.
The thermometer has ranged from 61 1 > 89, averaging 7 !.
Columbuit, annraln.—M hiin rained lightly on oni« lUjr attho week, the rHinfull rcni'lii"" 'if • ''' ''•'IiIki of »n Inch.Average Ihermoni i.t 79, I
SavunnnU, Un'irijiti, -\si ihrcp driy*i, nnrl
tho rvmainder of the week IwiM lH,->.-n pleJiH.tiit. T' '
reached seventy-tlin-n hniidr>-4ltliii of nu in<-li Apassed over the S'
•
will Im' to che(!k i i
Hinall and liiU'U\.... .j. i .,. ;,.
ranging from IMI to 8'<.
AuuH.<ita, (Jtorgla.—'Wo ha^.four days of tho week, tho rainfall leiwIiuiK one iiirli and lifly-
BBTon hundrodths. ('rop accounts am uplendid, and tho cnmdovelops promisingly. The thern>omct«T hna averaged 74,ranging from 67 to 89.
Atlantu, Ueorpia.— It has rained <iv " ' if the wonk,the rainfall re.i<hing (ifly-six bun ; iii;h. Thothermometer has ranged from 61 ti> ^
, „ '•.
Charleston, South Carolina.— \\, has rained on two d«y«of tho week, the rainfall reaching one inch and twenty hun-dredths. Average tnermometor 76. highodt h7. I
Columbia, South Carolina.—Telegram not i
The following stJitement we have also received uv t-^i'-^raph,
showing the height of tho rivers at the points named at 3 o'clockMay 29, 1884, and May 31, 1883.
tinw Orleans Bnlow high-water markUeiiiphls Above low-water markNasliville Above low-water mark8breveport Ahove low-water markVIokaliurK Above low-water mark
May 20. '84 Jfoy 31, '«S.
Feet.1
IS4
2943
IneK77
5
FteL1
25It133H
^67O84
New Orleans reported below high-water mark of 1871 until
Sept. 9, 1874, when the zero of gauge was changed to high-water mark of April 15 and 10, 1874, which is 6-lOths of a footabove 1871, or 16 feet above low-water mark at tliat point.
India Cotton Movement from all Ports. —We havere-arranged our India service so as to mako our reports moredetailed and at tho same time more accurate. We liad foundit impossible to keep out of our figures, as cabled to us for theports other tlian Bombay, cargoes which proved only to beshipments from one India port to another. The plan nowfollowed relieves us from the danger of this inaccuracy andkeeps the totals correct. AVe first give the Bombay statementfor the week and year, bringing the figures down to Jlay 29.
BOMBAT BECEtrrS AND SniPMENTS FOR FOUB TEARS.
Tear
Shipmenlf thu week-
dreatBrU'n.
Oonii-nenl.
,^1.
Total.
Shipment' nnee Jan. 1.
OreatBrUainl
Oonti-nenl.
1984 l-.'.OOO' 10.000 22,000 37^.000 522.0001883 J9.000|.')1.000 {;:<,000 3:i9.000;6.Tii 000I882i'j;i.000 .37.(100 KO.OOO 1 311.000 •i:i7.000
laai 8.0(1(1 2i'..ooo .3 i.owi 2 17 Of«o,3'.iT onn
latat.
KeeetpU.
nitWeek.
atrMJan. I.
80O.0OOw3.O0O l.-Jfil 0:0!l9.').OOOj»i'>.000 l.;<44 000
1.0«7.00eS!!.000 1.370 000«0t 00< N!l 0«<i| 9'.;!l.0(lO
According to the foregoing, Bombay appears to show anincrease compared with la.st year in the week's receipts of
4,000 bales, and a decrease in shipments of 41,000 bales, andthe shipments since January 1 show a decrease of 93,000 biles.
The movement at Calcutta, Madras and other India ports for
the last reported week and since the Ist of January, for twoyears, has been as follows. "Other ports" cover Ceylon,
Tuticorin, Kurrachee and Coconada.
Sthipmenti /or the week. Shipment$ tinee January 1.
ft
GreatBritain.
Conti-nent. Total. Sri^n. loontinenL Total.
Oalcntta—18811883
Madras—18841883
All otbers—18841S83
"506
' 'aim
600
600
500
600
8'!,50061,500
13.0004,6U0
13.5004,UO0
40.900a.ioo
4.C001,000
4.0002,000
127,40070.600
17,6005,5 J3
17..'i00
6,OdO
Total all-18811883
TOOISOO
113,00070.000
40..')00
12.100162,SOO82.100
The above totals for the week show that the movement fromthe ports other than Bombay is 100 bales more than sameweek last year. For the whole of India, therefore, the total
shipments since January 1, 1884, and for tho corresponding
periods of the two previous years, are as follows:
EXPORTS TO bCrOPE KHOM ALL IXDIA.
Shtpmentt(0 all Europe
lyom—
BombayAll other ports.
Total.
1884.
Thitweek.
22,O00600
S'.?.f)01
SinceJan. 1.
900.000lb2.500
1 .06^.J..'.OO
1883.
ThUweek.
9S.0005jO
atneeJaH.1.
ei'A.ooo8J.1(M)
63.500 077.1'Xi
188-i.
ThUtctek.
MiM*Jan. I.
6O.OOO l.OoT.OOO2.800 17•J.^0O
6-'.8aO 1.239."VOO
This last stateinont affords a very interesting comparison of
the total movement for tho three years at all India ports.
ALEXANDRIA RECEIPTS AND SuiPMENTS.—Through arrange-
ments we have made with Messrs. Davies, Ben ichi & Co , of
Liverpool and Alexandria, we now receive a wtvkly CJible of
the movemento of cotton at Alexandria. Egypt. The following
are the receipts and shinmeuts for the post week and for tha
corresponding week of tho previous two years.
t>52 THE CHRONICLE. [Vol. XXXYin.
AUjcaiiilrtu. buypl.Uay J-S.
1883-84. 188 2-83. 1881-82
Receipts icautare")—This week....Siuce Hupt. 1
r..ooo' 2,fi37.0OO
2.0002,2 13,000
4,0(02,828.720
ThUvoetk.
SinceSept. 1.
r/it«week.
SinceSept. 1.
ThisKeek.
Sitici
Sept. 1
Exports (Dales)—To Liverpoolto Continent
1.0001,000
246,0i:O131,000
1,0001,0(0
2:9,00081,000
2.000 241 200•.'.5tO 17i..371
Total Kurope 2 000 a77.000 2,000 313.000 4..%00 114,071
• A cantiir is 93 lbs.
This statement shows that the receipts for the week ending
May 38 were 5,000 cantars and the shipments to all Europe2,000 bales.
Manchester M.-vrket.—Our report received from Manchesterto-night states that the marlcet is dull. We give the prices of
to-day below, and leave previous weeks' prices for comparison.
\HHi. 1M83.
32» Oop. 8>4 lbs.Oott'ii
Mid 32> Oop. 8^ lbs.Oott nMia
Twist. SKirlingi. Uplls IteUl. Shirtings. UpUs
rt. d. H. (\. 8. (i d. d. d. fl. d. s. li <1
Moh2P 8=8 » i"4 .5 7J2»7 313 C 83e ® 914 .5 9 '*7 IHj &«,«
Apr. 4 8% '« J)"* .=> 9Si«7 4 "8 87u® 9'4 .5 9 »7 1>3 b«,„•• U .*1»,K-96„1 r. l(>lfld>7 lis 8"i6» i*M 5 9 a? IJ3 5»a" iw XT, * >,3g 5 11 «7 .^ .;i4 SI9 ® 914 5 9 37 3 ^»R
S'a ® 938 .5 nia*? 510 C3,6 SI9 a 9% 5 9 ®7 3 &«HMay 2 ^34 rt. m 5 1''3a7 5>« •i^H t-,»,«S 9i« 5 10 37 1>« .5^
•• 9 S69 a 9ie .1 S'8a7 3 fi"l6 8»8 ® 913 5 10 ®7 41-3 513,," li RSg a iiigo H^a7 3 0>i 8Hi<i3&9,., .5 10 »7 4I2
5'°Ifl•' 23 S^ a ilH'-^ 8is97 3 '"18 ^% a l.l-J fi 10 ®7 41s .^'8
" 31' s:(i « 'ii^lS 8>9»7 3 G-Jb Sliis® 9'4 5 9 »7 3 6^1
New York Cotton Exchange — Fourteenth AnnualMeeting.—The New Yorli Cotton Exchange held it^ fourteenthannual meeling on Tuesday, May 27. Mr. M. B. Fielding pre-
Bided. Tlie Secretary, Mr. George E. Moore, read tlie report of
the Boardof Managers, wliich contained tlie following :
TbB tra' snctiona in iictu.il cottiin rturine tlio ji av .Tiraregats a tutal of42'J,ni; bale-, OH against ,500.1-3 last year anil 5!3,97.'>l).iles two yoursau". Tlie said toinl was distributed aud compares with the two pre-vious yeais as follows
:
1884. 1833. 1832.Itales. Bales. Bates.
Forexport 45,i77 119,9o3 H.'^,198Forspiiiiiiiiir 1J)I,?40 140,213 lK8,-,3.3
On siH'iiilaliou 2;',6ip 28,507 38,328In transit ]0,.5TO 2I,i(0() 14,>-19
DHliviRuloii coiilriiit I.">.">,2i0 137,B«0 154.9i0listiuiateilsliipuitutsdirca tospiuuers.. 5J,000 f.2,C00 52,0
Total.' 42l\118 .^0(i.l23 513,975It may her.* best sited tliat one of the causes ihat has contributed To tlie
ooiiiparatn iity siiifillcriinaiiiii.v of tirtiisactiors iiijutiial enttou lia-s Itieu
tlie fait lint lii'liliMB t'l-iriif. liaviji; olitaineil rciimnorative pU'iiiiiinis
lor eai"i-.\ in.iC 111' If Kiiicks into the sunuiier iiionthH, ihe.v have availedtheiiii-i'l\f.s of thi' opiniriiinit.A" to a lar^ri-r extent than lu I'oraicr seaf-oiis;
the null e HO, as on iic!-oiiiit I'f the itepU'teil rondiiiou of all Soutlieinmarki;ts, Ibc tiiinulaiirn of tlieii- spot holiliiisrs later on may reas-maiilylie e.vi'cried t,< pi-oviMnori' ailvania.!ii-oiis: otlienvi.se tlie transactions.eoiiKiileiiiif; tliii la ;;estinU which h is li'en attrnctcd to this uiarkit, anilwliich le.cli'il its maxiiiiuni lif;iins. MZ., 318,197 fajC^s, on the 2()tli ofMarch, itnil lm.» iiHyliccii ciniiilcil by ihe Slock or^Ttli of Febintary,ls8'2^, ^'z., 34?^.5 »2 balc^, woiuil have b.cii cmisidcrabiy linger.The tiaii^acliiiiis fill- the \car in coutraets for future delivery amount
K) .4.82,-,(i O bales, against 2J,yO7,i0O hales in 18-3 aud 32,7()8,UO0bal sill l«-2.
AfuijL'i'stimi havin? been made to thf efifoct that the introduction inthe Ex*'lianj;e of tiaiisnct'ons with r^ t;iil-ir calls in print cloths would boin kccpiii!; and ciiiiaiice the business of tUo ir.nlo, ir was duly eousldiredby the H'lard of .MiHi iircrs and favorably.thoui-'h infmuially, entcitaiuedhoth by members of the Cotton JCX'-hau^e as well as manutactureis.Ucncc, the 111:11 lor was i-i^fei'ivd to a .Special Coiumiltec who have
had iho siii'jccr under 1 onsidciation, and it is exoceted tiial the liy-L'^wCommitlcc, iie iiig in uon.jiiiictiiiii with the said Spi^eial Couinillt 'c, willhave perteclcd tlio 1 eecssai.v l>.v-IawK and rules, so that the propo.-edmeasure ii«av be earrieil into iffjct, and be in operation on or before theIht of ally nrxt.Dnri'.g t'.e iiast year eer:ain eases have oecurred, and liavo been
biouuht to til" ollicialerisniKai eeof this Kxchauge, involving? a qicstionof most vital interest to the trade at l-irge.
The ipiesii'ii involved affects the resiionalbiity of steamship or rail-
road coriioratiourt attaching to bills of lading issuil in regular form,duly signed by their accredited airents. in c.isiw wheieby the negligenceof sucli agents er tlieir collusion with others in fraudulent tiractiees, theInnocent holdeis of such bills of lading have failed to receive the mer-cliniidise called for.
The combined aeiioii of this and all other rxchange.'< and oominercialliodits of the e'liatry should be brought to bear, to impress publiccai tiers to recognize their liabilit.y for the acts of their authoiizodagents; otherwi-e the very foundation upon which the interchange andtrausiiortntiou of enminodities rest is eouipietel.v underiiiincd.Tile same oomiiiereial boiUes slioiitd, by concerted action, petition the
iNatioual I.«i:i).lai lire m favor of the passage of a law eoveriug thequestion aliove releired to.
Fifty ni'.inbcivhips liave changed ownership by transfer, and thirty-eight "new members liave been eleoted during ilie .vear; the entirenumber of niembersliiiis standing at four hundred aiid hfty-ttve
Tlic Treasurer's report sliowed receipts for the year, includ-
ing balance on hand May 25, 1883 ($14,488 10), of |61,715 96;
disbursements, $42,088 96 ; balance in Treasury May 32, 1884,
$19,627.The Building Committee reported that they had entered
into contracts to tlie amount of $513,380, leaving marble andfloor-tilijig yet to be contracted for.
The Trustees of the Building Fund reported receipts for tlie
year, including balance on liaiid May 25, 1883 ($63,108 13), of
$219,843 34 : disbursements, $128,236 61 ; leaving balance in
the hands of the Trustees, $91,606 73.
The Cotton Crop in the Nashville District.—We havethis day received from Mesi-rs. McAh>ter & Hopkins, of Nash-ville, a copy of tlieir first cotton report for the piesont season.
The district embraces Middle Tennessee and North Alabama.The report is as follows :
Acreage—tiix per cent of our correspondeuta report acreage increasedover last year; 40 per cent fcaiiie as la^t 3'ear, aud 5 4 per oeut report ft
decrease from last year.Preparation 0/ land—Twent.v Ave per cent of our enri'espondents
report; preparation thorough, 11 per cent fair, and (>4 per cent roughand poor.Vale 0/ planting—One correspondent repoits planting ooninlete
April 2.'); two. May 1; all others, May 5 to 15; the average date ofcompletion being May 12.
iJe-p/a)i<iiifli—Seventy-four per cent of our correspondents report moreor less re-plaiuing, from 212 per oeut to 10 per cent of tlie crop ; 2t> percent report no re-planting./Sfanas—Forty per cent of our correspondents report good stands of
early planting; 54 per cent report tolerable, aud U per cent poor.Nearly all report late planting as not yet up.The conclii-ions to which the above reports lead us are
:
1. That the cotton acreage in the district is about 3 per cent less thanlast year, the falling off 1 eing chiefly in Middle Tennessee, where alargely increased acreage was sown in wheat, partly at the expense ofcotton.
2. That the prepar.-vliiu of the land, on account of frequeiit and ex-cessive rains, was geaeratly rough aud incomplete.
3. That iho average planting has been two to three weeks later thanusual.
4. That partly on account of the dampness and coldness of the soil,
and part y in i onsequeuoo of the poor proportion, much more re-plaut-ing than usual has been necessary.
5. Thiit stapds are not so good as usual. The hasty imd roiiali piepa-ratlon or the land, the lateness of the planting, and the dettciency in
the etunds, constitute an unfavorable start for the crop, rendering sub-sequent cultivation more dillicult, and increasing the susceptibility ofthe crop to iii.|ur,v from unfavorable weather in the lutiue; but all thesedrawbacks may be overceuie witlj proper management and favorableweather conditions hereafter.
The Crop in Arkansas.—A special to the 'New OrleansTimes-BemoGrat, dated Little Rock, May 35, says :
•' Reports received .yesterday announce that the cotton crop throushoutthe State is in good toiiditiou, but owing to universal r.iinfidl cultiva-tion has been delayed and the crop will be very backward, probablythree weeks. The stands now are mostly above ground aud the geucraloutlook for an average yield is favorable. The increased aeii age in
many sections will cover tbeloes sustained in the overflowed districts."
Comparative Port Receipts and Daily Crop Movement.—A comparison of the port moveiuont 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 standingtables a daily and monthly statement, that the reader mayconstantly have before him the data for seeing the exact relative
movement for the years named. The movement each monthsince September 1, 1883, has been as follows.
HonlMy Year Beginning September I.
Beeeipls. 1883 1882. 1881. 1880. 1879. 1878,
3ept'mb'i 313,8 li 326,650 429,777 458,478 333,64: 288,8|8October. 1,016,092 980,584 853,195 968,31^ ^ 888,49: 689,2(;i
Sovemb'i 1,030,381 1,094,697 974,01K 1,006,501 942,271 779,237Deoemb'r 1,059,653 1,112,53(1 996,807 1,020,802 956,46
1
393,664
January 487,72! 752,82: 487,727 571,70: 647,141 618,727
February. 385,933 595,59- 291,992 572,72- 447,bl- 566,824
March . .
.
241,514 482,772 257,0911 470,53- 261,913 303,955
April... 111,755 231,51i 117,595 284,210 158,025 167,459
rotaJyear 1.706,37.1 5,630,189 1,438,233 5,359,356 1,638 8S7 1,307,978
Perc'tagre of tot. port
reoelpts April 30.. 93-53 9102 91-23 92-74 96-80
This statement sliows th.at up to April 30 the receipts at the
ports tins year were 933,316 bales less than in 1382-83, and268,638 bales more than at the same tims in 18Sl-3i. By addingto the above totals to Apr. 30 the daily receipts since that time,
we sliall be able to reach an exact comparison of the movementfor the different years.
1883-34. 1882-83. 1831-32. 1880-81. 1879-80. 1878-79.
rot.Ap.30 4,706,873 5,630,18a 4,433,235 5,369,336 1,633,867 4,307,978
May 1... 2,60 :; 6.631 5,234 a. 3,391 2,573
" 2 .. 3.344 5.531 6,01b 11,082 8. 6,454
" 3... 1.548 7,36* 3,23.T 7,49li 4,612 2,453
" 4 . a. 10,953 3,9 1
C
7,317 4,633 8.
•' 5 .. 3,384 7,434 9,18. 1,851 4,69t 4,851
•' 6 .. 2,932 S. 3,7i9 6,798 4.01", 3,930
" 7 . 1,257 8.237 8. B,174 4,282 2,726
•' 8 1,995 9,3,8 5,102 8. 4.368 2,439
" 9... 4,431 8.156 5,814 10,832 8. 2,621
'• 10... 1,443 0,419 3,17' 8,07! 7,180 1,953
- 11... 8. 10,931 2,12 5,54 2,4J0 8.
'• 12... 2,225 4.076 5.37; 7,03i 4,197 3,998
•' 13... 1,711 8. 9,501 11,13b 3,573 4,211
•• 14.... 693 7,00,^ 8. 5,211 2,e90 3,161
• 15... 08^ 7,414 3,3ST 8. 3,150 1,771
" 16... 1,93 1 6,083 4,913 9,015 S. 4,S03
" 17.... 85C 5 05? 3,402 8.681 6,U3o 2,713
•• 18.... S. 13,140 2,0bl e.iii 3,30e S.
•• 19.... l,79i' s.2ao 4,055 5 199 5,653 4.071
'• 20.... 918 s. 1,727 7,963 2,fcl'2 4,097
'• 21.... 425 6,621 8. 7,026 5.196 2,739
" 22.... 316 7,027 2,911 8. 2,784 1.511
•• 23.... 1,525 5,1 GO 2,522 I0,77e 8. 1,131
" 24... 455 3,696 1,603 5,583 5,(1' 2,733
" 25... 8, 10,745 1,447 0,014 1,999 8.
"2d.... 3,027 3,9:3 3,:08 5,06t! 4,9! 3 3,913
" -^7.... 2,431 8. 9.557 6,59i 2,«13 3,259
•' -iS.... 67 !• 4,3C1 S. 5,182 5,514 2,011?
" 29... 5'o3 5,8 -Ol 2.41)0 8. a,59'. 1,907
•' 30.... 1,921 3,4');i 2.778 5,157 8. 3.233
Total .... 1,751,662 5,811,853 4,548,671 5,540,770 4,742,03
1
1,359,721
Porcentiige of total
port rec'fIts May 30 - 9U-5& 96-37 91-33 9182 9S-72
May 81, 1884.J THE CHllONK LK 668JuTK Bcrre, Baooino, &c.—Some business hits been done ia
bafTKiiig for tlio piist week and a fnir jobbing demanil Ih ri--portwi. Prices aro steiuly and holders are not disiKmpd toshado jiresent (juotationa on tlie pjircyln timt are being taljonbut a prompt offer of ii sliiulo less would be accepted for aquantity. The market closes with sellere asking Olic. for \i4lb., 10c. for 1% lb., 10?^c. for 3 lb. and nj^c. for standardgrades. The inquiry for jute butts has been rather liglit anthe market is easy, and more disposition is l)elng shown to ac-cept less money. Btiyers aro not very anxious to oi>erate atthe moment .and onl^ small orders are coming in. We hear ofa few transactions m paper grades at 2ii(ib2^c., but tliesefigures could bo shaded on a quantity. Bagging ia dull andeasy at 2%@:}c.
Shipptno News.—The exports of cotton from the UnitedStates the past week, as per late.it mail returns, have rea<-hi>d26,913 bales. So far as the Southern ports are concerned, theseare the same exports reported by telegraph, and publislie<l inthe Chronicle last Friday. With regard to New York weinclude the manifests of all vessels cleared up to Thursdaynight of this week.
Nbw York—To Urerpool, mr steamers Bescel, 8=0. ...Bnt-liniilp, l,>'!i2....Kiiypt, 2,040. ...liallla, l,luti Iltiivetln,l."<H....On');oii, 1,5('3.... Republic, 174 9,7''5
To Havrp, per st- amor Liibriidor. 1)8 9gTo Hiinibnr);, per steamer Les^lii)?. 240 . 240To Antwerp, perslrnmcr Rliynlan<l, 27.M 3 STo ISuicelouB, per Rieamir Arililnicde, loo '. lOj
Nbw Oklkans—To Liverpool, per ateaimr Yueatao, 5,614jier ship City of Llviniool, 4.8.')0 lo,4G4
To Havre, per steamer Proveiicla. a,31 8 3,t)i8To Vera rruz, per steamer Tobaseo, ISO " igj
CnABI.KSTON— I o Keval, per bark All, l.(>93 '... l,ot»3Pai.timokk—To Bremen, per steamer f'nlier. 50 iOBoston—To Liverpool, per steamers Missouri, 1,007...Samaria.^ 167 1,174FHII.AOEU-BIA—To Liverpool, per steamer Ponnsylvaula, 193... l»5
Total 26,912
The particulars of these slupments, arranged in our usualform, are as follows:
Lirer-tioot. Havre,9,725
10.4619i
3,318
Bremena Ham-burg.2l0
50
Ant- Bare* Veraurerp. Reval. lona. Cria. Total273 lOJ 10,433
180 13.9R21,(9J
..... 501,1741»5
1,093 ...
New Yorlr.N. Orleans.CharlesCOD.Baltimore..Bo«ton 1,174Plilladelp'a lu3
Total... 21,558 3,410 230 275 1,093 100 ISO 2(!,912
Below we add the clearances this week of vessels carryingcotton from United States ports, bringing our data down tothe latest dates:
New Oki.kans—For Liverpool—Ma.r 23—Steamer Explorer, 4,024.For Havre-May 24-'Steamer Parlo. 1.For Aiitwei-p- lluy 24 -Steamer Paris. 250.
Boston—For Liverpool—May 23—Steamers Bulearlan, 351 ; Ceplialonlo,l:s4.
Bai.timork-For Liverpool—Mav 26—Steamer C ispbin. 280.PuiLAOKLi'UIA—For Llveri>ool—May 23—Steamer Lord Goiigli, 1,293.
Below we give all news received to date of disasters to vesselscarrying cotton from United States ports, &c.
:
Havbk, steamer (Fr.j, at New Orleans. loading for Bremen. A flro wasd'Seoveiert ar. aoimt 1 P. M., Miiy '^4. lu tile earno of steamerHavre. (Kr ,) resullu/ in »li«Ui damaeu to two bales of ootionBtoweil 1 etween di'ci « in bateli No. 2. Tlie <i.e was quickly extiu-giii.'ihed by tlie stevedores and the cotton Uoisred ou <fei k.
PU/)T Bov, (steanihrat), was destroyed by tire at ' barlesKiii. 8. C.A. M. of the 27tli iust. Included iu her ca:go was cuttou to thevalue of about $8,U00.
Cotton freia;hts the past week have been as follows:
Satur. Hon. Tuet, Wednei TKurt. IV-i.
Uverpool, steam d •>4* »J3* '.n2-l'-64*
Do Eail...(i
Havre, steam e. ss- se* 1"S2»»9" "saaV 11S3«VDo sail c. .... .... .... .... .--
Bremen, steam, .e. %* V V sg- >»
Do sail e. .... ..* — .. ....
HamboTK, steam .c. "4* H' V ^- V1Do eail . . c .--. ... -.-. .... .--.
Amst'd'm, steam.c. V %' V %* V^ s
Do sail., e. .... -..- .... .... .... . aBeval, steau.... d »K»'S3' Sisa^sa* Sic^ris 'isa^ss* »ua''MDo sail r ....
Barcelona,steain.«. V 'i6®'a 'i«* n«' 'is-
Genoa, steam— e. 'l6* Tt«- S8a7,a- %a7,g. »8-
Frleate, steam ...e. '!«' Tis* 7.6' -18- 'u*Antwerp, steam.. e. H* "4' >4* V ««' :
Compressed."
Liverpool.—By cable from Liverpool, we have the followingstatement of the week's sales, stocks, &c., at tliat port. Weadd previous weeks for comparison.
Sales of the week bales.
Of which exporters took ...
Of which spccalntora took.Sales AmericanActual exportForwarded.!lotal stock -EstimatedOf which American—Hlstim'rt
Total ill, port of the weekOf whfcn Amerti^an
Amoant afloatOf which /irTlMD
May 9. Jfav 10. May 23
5(>,0<K 74.001 79.0O<7.400 5.500 5.70'2,400 O.COO 7,300
4i,00<j 48.00< 57,00.17.00(> 8.100 9..'S0i
14 90f 1 1 .200 Jl,.'...*
1,044.00C' 9!t7,<i0( 0-1 7.(KM--..2.001 722,001 «72.0iHi7».00( 3l.00< .4i.00<49.00C' .2.1.001 15.lh C
11.5,00*) 107.f0i lHt,I.K>4.1 (On (O 1 o •'I ^f\
May 30.
73.0'5 30O
M.O'io44.0UO6,000ri.ooo
917,00.610.00044.0001 1 1,000
I7«l.0f'>45.O00
The tone of the Liverpool nurlwt tor mots Mid fatarw nrhday of the we»k ending lf«r 80, and tb* dally oloainc BfteMof spot cotton, have been aa foUowtt ^ '^
Market, /
l>:80r.M.I
MM Dpl'dstua.On'na
9peo.Aek|>
tutHru.Market,
i
13:SO P.M. I
Market,i
4 r. M. I
AMnntav
Klrwij(OIMI
dcfoftad.
«>•
12.<IO02,000
nat.
Maitdrnt.
fliwdr.
18 000a,uoo
QnlctiIlitU
Bur.
auadr.
13 (MM2.000
QnIMT>ot
•twdf.
«>la.ooo3.000
Qnl*tbat
QnlMbat
M»wtr.
qal«t.
p laal
«>•
8.0001.000
^t*»«jrj_The oi)ening, Wgheet, lowert and cloalng prloea of rnturea at
Liverpool for each day of the week are gfiren below, Thewprices are on the basis of Uplands, Low HiddUnxcIaase. onleaaotherwise stated.
"^
jltj^s:jszv^s:^. "* '"'^ "** *» "*•• **-• » •»»—~ » «^*-
.
S«t., Mar a4. . Hoa., Mar '•!•. Ta«a„ Mar «T.
Open Bith Ow. OlM. 0pm H<«k Uhb. aum. OPM am low. am.i. d. d. d. d. d. d. d. d. d. 4
Mar. ,. .. DltS Sits 683 683 684 8 84 6«3 6V8 •M • 81 fl»• ta
ilar.Jiina . 81» «!;3 618 6 81 888 8 84 838 818 888 888 • >*Jona-Julr.. eiis «25 688 683 683 881 688 8kS 884 • 84 • as «MJal;-AuK.. »>>9 6;» Bi7 6*7 68n »V) 888 8'.H 8iH »m »r. • SrlAnK..8«pt »aa 6 34 6 31 6 81 8 81 8 Si 881 8 81 »lt» 838 • 81 • 31September.. BUS 6116 684 6 81 8(5 883 634 • 1!4 884 •M 688 • 18SBpt.-Oot... S3I «S1 689 estt 8811 6 3') 88k 6M • 80 880 • 89 • 88Oot.-NoT„. 8 lb 6 IS 6 16 616 817 6n 816 818 617 6M • IT • ITNov.- DM.. 6 It 614 611 811 SIS 618 618 818 • IS • 18 • IS • 18Deo.. Ian.... .... .... 8 18 813 8 13 818 818 • 18 6 18 • ISJan.-Feb.... ... ..a. -... ....
Feb.-Marcb. ... .... .... .... .... ... •••
wrednm.. Mar ^8. Thara., Mar 39. Fri.. War 30.
Op«n Biih
d.
Low.
d.
dot.
d.
Op«n
d. d.
Law.
d.
Oat.
d.
0pm
d.
BIfk
d.
Law.
d.
Om.d. d.
May »«a 628 6i» 6 82 638 688 678 6)81l%y.JaDe.. es8 623 6!8 6841 633 833 683 6V8 8« • 8S • 88 • 88Jnn*.J«Ij.. era 681 6 Si 888 81 6V8 8 81 623 6(8 • 84 ^88 • 88Jnlr-Auif... «!K «i7 686 686 6 81 6 8? 686 8S7 687 887 •ST • 87.Ana.-flept.. S81 681 631 eao 980 6.31 630 6 31 680 680 6 80 • 88September.. ess «SS 683 AS3 688 638 833 8Sh 6:« • as 633 • 88s«rt.-'Njt... 6 29 6^0 628 6:8 68V 689 629 8V9 SS8 689 619 888i>ct.-N.>»... Rie 6 16 6 IA 6 16 8 16 8tK 6 16 8 18 6 17 • 17 6 17 • 17Nov.- Dec... ei2 an 6 18 618 613 8 13 6 13 6 13 618 • :s • 18 • 18lieo.-J«n... .... 611 611 6 11 811jHn.-feb ... .... ... .... ...
Feb.-March. ... ... .... .... ... ... ....
BREADSTUFF S.PRIDAT, P. M , Mitr 30, 1884.
Flour has been very quiet for most descriptions, and moreor less depressed in value as a consequence. The statistical
position, as a rule, is not unfavorable to holders, but it is,
nevertheless, true that if the supply of no description is at all
excessive, there is more than enough of all kinds to satisfy
the existing demand. To-day the market was dull and weak.There is a liberal supply of Southern flour here.
Wheat has been only moderately active either for export or
on speculation, and prices for future delivery have declined.
It is averred that the Milwaukee clique has given up the at-
tempt to force an advance, owing to the stringency of moneyand the high cirryiug charges. Tlie weather hai, moreover,
been very favorable in the main for the growing crop, and the
indications seem to point to an increased yield this year. Areport that some damage had been done in Missouri and South'
em Illinois by cold weather lacks conSrm'.ition, and is by someconsidered a canard. The weather at the West has undoubt-
edly been cool for several daya past, however, and this fact
has led to some coverin;;of eontraots both here and at Chiojgo
with a moderate re-action i% prices. The visible supply haa
shown some decrease, but the foreign advices have not been
favorable. As to the quantity of wheat available in this coun-
try, it is considered more than siifTlsient to supply the demandbetween now and the time for the new wheat to arrive, which
is not more than six weeks or two months off. To-dny, in
response to an advance in Chicago, there was a rise here of
5^0. to Ic, but the transactions were moderate. Reports cf
ilainage to the crop by coM weather caused the adrnnco, butc^omp irativelv litlle credpnce is given to them. No. 2 red rold
at 11.04. deliv red, (1 Ol^gVafl 021^ for June, ft Ot'i(i»#l Wififor July, fl 0.)^$l 0)5g tor AuKUSt and fl a^v'^i'ifl l»»,' for
September. No. 2 red closed weak at $1 Oi in •-lev.Uor. $1 01
fjr June, f 1 Ol'-.i for July, |1 03 for August and $1 O^^i for
651 THE CHRONICLE. [Vol. xxxvia
September, showing a decline for the week of 1J^c. to 3c. for the
onexi two months, while the later deliveries, as well as the spot
«iuotation, show no material change.Indian corn has been quiet on speculation, and as a rule
only moderately active for export. Corn hap, however, shownmere strength than wheat. The receipts at Chicago have at
times been rather liberal, partly owing to the stiingency of
inoney,but the visible supplj- in the United States has neverthe-
less decreased 1,500,000 bushels,and this fact,taking the Chicagoshorts by surprise, caused a demand to cover which reports of
damage to the crop by the late cold weather also stimulated.
These reports, though generally discredited here, led to somecovering of contracts, and prices, which were at one timeweak in sympathy with wheat, have within the last two daj's
advanced slightly. To-day there was a moderate demand for
options at a small advance, while the export demand waslight, and corn on the spot was weak. No. 2 mixed sold at
(i4li@&i}4c. in elevator and No. 3 at 623^c. No. 2 mixed closedeteady at 64c. delivered, 63i^c. for June, M}£c. for July, eo-'gC.
for August and 665^c. for September, showing a fractional
advance for the week.Rye has been in fair demand and steady. Oats have been
in better demand, partly for export to France, where the
supply is understood to be short, and prices have advanced.No. 2 mixed closed steady at STJ^c. for June and 37J40. for July,
after sales for the day of 980,000 bushels, the largest business
for some little time.*
The following statement, prepared by the Bureau of Statis-
tics, will show the exports of domestic breadstuffs from theundermentioned customs districts, during the month of April,
1834, and for the ten months ended the same, as com-pared with the corresijonding months of the previous year:
1 — — • . ; ' I— p .f-
re cp *<» '
e a ooQo '
» r* *
bST
OCCOOIaio;
H- 10 to
ao M 10 k; 5*
OXODO •
<ItO — CO
c-*-*-c;be b c: K^
O 0; O O'
h-CCOpCceo JL'S*
W O tC ff-
O" CO - I
K
a. o,coco.
O tOU-Oic.;
tt*,
'O _.' OD CC . CC ^1 C CI
MOICC
CO VHOT.
Vio'— cnoic:?C to Oi -J (X -10 O* *-. 01 01 c
—"iobcc;' ic oc u'3: -0:0
(P-C1- —cn-i JO'
tCLvOO>C. *. iX'o -
fh
00s •-;
Oi»-'C£)CD
C' tt- '1 OS
t-O'
c. cccc;c
eft';
MCCCCOtOtob:tO-THtft-'i*- W -. J:l^
pj^_^ p_*- <Ip _<I *» <l
Tobc c ucc^b"— c.c: Nj CO 01 o i; oD a' CO03 :j« c><* to O CB X o ^
a-!•) M ^
^ h-T M — aiWjc cjc:
C_-) COp r- j^Ip *. ^ -^ ^J
Viai-bi c: ©"i i-Vi mVirf*mjCoc;ij. "i-.icp'i-jto — to,— cocccoxi'-crcc
K) M |ia Mp —JO 1.
WtO:;'CiV'cn*ob'-'i»'tfy. -- -,1 C <- -^ W ;^r C rf- C-
.* OS - 00jr. vj :c Co a> to f-
(*i» 'O-- 00 o 00 X nc CO - ci
I g?;Kt
5 EH: 2.-;
1 1 COCO;
» ; ;
- £ re P;'-^?WopD P -^ o
o •;
£.-. o•a - "^
GDMCJ«J>toVs**--! I-
b '-**> tot-J tfi' 3-. cc0< *-ltO K
toco^XJ-vI y to
bail-'* J.ii-4 J:0•c;» T; C: (X
"too: CO a-
»-- CO to cc
tsco -^1 U' o< CO c>:
4- f- ;M c -1 4i^ cc -J
b*-i' WMX-toMrtto- CD
;
(^ 00 CO 10 CO CMff.. tt-OJCJ>OOOryO:
y at; *^ C:cccjt r cfCOWW --
"Ccxo:<iO — CO- 1 CI ^ *
OGc;CO--).
01 o: CD 10 C'
10 *- (f>- rfi- (*- a.CO^ toO 'I J
to to— H-tOltO10p !C ClOiOtOCco4->ia**tCCOU'
-3 31X -o CO 5:
;;ico--i<t.— K-co -1
10 tf^
X :j' CO Cjt
-IWQO Xt-toco -
CO to -J 01 (C-
C; M CD CO J' W•- cr^ -Df --I' CC rf-
-'b't-<Qo'*-'3:
'0 10 o: 00rf»- --o o c ;— co-ocl;!.
QCCOCJiOClOCiCDi-pcart-cc
Cn^CO cn*r 2
^;J^tCWWfcOwCC
OCOC'
Q0<1Kb'CGf
cc-'O;
toX to enCC0 — -1"- cop':-- 00 *:C COtOOOrO -
.nito
0-.<! g.
w
GO W - 1 C)>
OC5- >*-^
NewHaven.
Port-land, <te.
Rich-mo}id.
Willa-mette,
Yorlttotun
2,2307,676
1507i
71,9255l,'217
* Included In tlio foregoing totals are the reports from Milwaukee,New Haven, Portland and Faimoutli, Riclmiond, Willamette and York-town, tile details (or April, 1881, being as follows
:
Milwau-Barlev
—
kee.Busliels ;..
Value . .$Indian corn
—
BushelsValue . .$
Indian corn meai—BarrelsValue . .$
Oats-BushelsValue . .$
Oatmeal-PoundsValue..$
Eye—BuslielsValue . .$
Wlieat-BuslielsValue.. $
Wheat flour-BarrelsValue.. $
Total values-Apr., '84$Apr., '83$
10 months
—
1884...$ 501,3801883. ..$ 210.510t Not stated previous
5853,080
10.8284,750
120.R55121,581
3,S9015,8t)2
188.66027,925
18,912109,702
109,702213,798
55,572 1,983,151 1,072,20155,282 21.^,110 1,063,250to July 1,1883.
198.897178,226
18.22382,121
260,317215,036
3,781,9633,547,636
5,73035,024
35,02448,622
814,8379U9,48S
The following are closing quotations:
No. 2 spring... "P bbl.No. 2 winterSuperflneSpring wheat extras..Minn, clear and stra'tWinter shlpp'g extras.Winter clear andstraight
Patents, spring
Wheat—Spring,p6r bush.Spring No. 2Eed winter. No. 2Bed winterWhiteWhite No. 1
Com—West, mixedWest. mix. No. 2.White Southern..Yellow Southern.Western white...
$2 30» 3 002 50» 3 102 903 3 403 25a 4 504 00» 5 753 40 a 3 65
4 OOa 6 005 009 6 CO
Patents, winter.... $5 009 6 65City smpptuj; extras. 5 00a 5 10Southern bakers' andfamily brands 4 75® 6 25
South'n stip'g extras. 4 dO a 5 50Bye flour, superfine. .3 70» 4 00Corn meal—Western, &o 3 00» 3 40Brandywlne, iSso 3 353 3 45
.».0312S 9703 310487 ®1 20... .•ai. ...
40 It 6464i«S 651465 a 7061 « 7065 ® 70
Corn-Western Yellow . 65 ® 70
Rye—Western 69 a 711i3State & Canada 7212* 751a
Oats-Mixed 37 a 40White 39 a 44No. 2 mixed ....a 38I3No. 2 white .. 40H* 40ifl
Barley -No. 1 Canada ....®No. 2 Canada a.State, two-rowed. .. ....a.State, six-rowed ....a. ...
The movement of breadstuffs to market is indicated in thestatements below, prepared by us from the figures of the NewYork Produce Exclianere. .We first give the receipts at Westernlake and river ports, ari'anged so as to present the compara-tive movement for the week ending May 34 and since Aug. 1
for each of the last three years:
Receipta at- Jtour. Wheat. Com, Oafs. Barley. Bye.
Bbls.imibi Buah.eo lbs Bus)l.5fltt,« Buah.32 Ihs Buah.iSlbs Buah.saiti
CUcaKO 50,823 76,624 444,0-(i 1,12;.495 59.918 17.810
Milwaukee.. 71,979 105,850 2,880 84,350 65,328 8,810
Toledo 1,537 64,110 115,271 1,000 1,077
Detroit 2,420 44,563 7,183 2,801 5.235
Cleveland. .. 3,29S 11,511 16,800 23,000 1,075
8t.Loula.... 20.827 161,453 221.381 75,310 11,081 1,710
Peoria 1,255 8,863 207,523 312,480 6,000 18,990
Duluth 122,785
Tot.wk.'84 153,139 618,762 1.011.915 1.8J9,17J 188.';03 47,180
Same wk. '83 114,121 599.287 1.549,280 1,0S8.58J 135,079 138,929
Same wk. '82 113,62? 727,810 2,722,118 722,639 109,112 41,320
SlnceAug.l-1883 7,689.623 63,124,197 93,260.001 53,711,285 16,853 853 6.131,813
1888 8,009.094 68.366,923 77,235,034 43.171.740 14,988.118 4,153,564
1881 6,638,731 37,6«6,763 91,748,138 31,281.948 11,773,219 8,P07,779
The comparative shipments of flour and grain from the sameports from Dec. 24, 1883, to May 24, 1884, inclusive,for fouryears, show as follows:
1883-84. 1882-83. 1881-82. 1880-81.Plonr bble. 4,178,910 3,796,926 2,946,057 3,196,961
Wteat.CornR»MBarley.Rye ....
...bnsh. 16,2.-.3.50235,:H5i.83118,230 1012, .=.74.6162,3^3,702
11,465,07140,569,81317,280,8474,.(10,;117
1,318,318
8,805,59530.379 l;t212.002 4711,980.1521,161,591
18,335,6.5030,281.64711,813,4231,909.116969,228
Total grain .... 74,794,752 73,014,426 54,323,941 63,309,064
Below are the rail shipments from Western lake and riverports for fovir years:
1884. 1883. 1882. 1881.'Week Week Week Week
May2i Ma!/2r,. Ji.ii/ 27. J/rty 2S.Plonr.... bb\l. 154,897 80,677 48,719 146,341
IFheat..,Com .,
OatsBarley...Rye
Total.
bash. 560,105.^.. 911.393
1,078.46258,12568,083
177.831370,8iO791. t'S?37,57141,382
288.020273,763633.38347,40733,:i73
290,445742,4riS812,!'524;i,7i738,'Jll
2,679,168 1,422,991 1 231,648 1,938,493
The exports from the severBl seaboard ports for the weekending May 34, 1884, are shows ^^ the annexed statement:
May 81. J8e4.J TIIK CHRONICLR «55Jtxporltfttrni— flour. ir*«a<.
BiuA.2.J.9.5S2t.Ul.'>
ao.^Bii«t',7i"i7
117,009
Com.
Hu$K.1 Ml. 12073,10
1
130,U«79403
03.00410,090
Oatt,
Ilimh.
8V,iU
at ,420
103,838
221.380
Hew YorkBdkuhi. ..
Portliiiid.Atoiiirntl.Phllrtilcl..
Balllin'rcN.OiTuii
.
RftU.
6u,ur.j
l>',8'lVl
7,3 Ml
82120
131,181
1(10.074
Siuh.2,Uls
8t
2i',08B
24,118
4.340
Total Vk.B*ine tiiup
053.8B3
788.973
801,798
1,729.S18
152,»s8
The (lestination o( these exports is as belonr. Wo add theorresponding period of la.st yeitr for oompariaon:
Flour. Wheat.
for vtrtk 1884. 1883. 1881. 1883.Ic— Woek, Wrek: Wf^k. Week.
v.. 1/21, May 2tJ. M'Ojil. Hay 20.
Ubif BhI: Biifh. Biuh.Cii.KlnK. 54.3 m 52,030 2h9.23!i Ui)T.7.'.C
Coiitlu'm .1 (111? ),«11 2a3,(i20 l•)8..^0l8.A(;.Aiu 8.379 8 211 ri!)W. IiullTO la.ii^i.s 22,993 1,001Brit. Corn 13270 19.^28Olli.o'ut'e l,38i 1.495 24,2UO
Total... 131,151 100.071 S52.80< 78^.073
Com.
1884.Week,May 24.
1883.Week,Hay 36.
Buth. BhmK.312,71 S l..'.7.'>,345
110 3010J.3037,030H24
1.019
13(1,3.19
9,8280,488
i',79.i
501.79.6 1,729,816
By adding this week's movement to our previous totals wehave the following statement of exports sm(X) September 1,
this season and last season:
flour. Wheat. arm.
KzvorU tirue 138»84. 1883-83. l8tiS«4 lb8S«3. 188S.S4. 18t2«3.Sept, 1, fo- Sept. 1 to Sept. 1 to ^ept. J to Sept. 1 to Sept. 1 Ir, Bept.Xt/i
Mau'il. .W.ll/ 26. Man 24. Xay 25. Hay 31. May 26.
mir. TOU. Bmh. Btuh. Btuh. BUMtl.
Dn. KInKdom 3.751.131 4.918.707 TJ0.0«0 937 31,521.737 2J,5S8.520 Z6.1S5.038
Continent ... ST3.S29 801.641 13,l-0.2»j 24.280.246 7.0:2.184 4,«87.S88
8.4r.Am... BI8.899 827,188 1.223 110.077 1.412.050 sis.vts
West Indies. 630,089 68B.4ni 87.380 84.851 312 0(16 31I,(V5Brit. Col'nies 437.480 45;t.05l 8010 15.606 122.127 K2,485Oth. ooantr's •2\Vi 1 Sf.M! 17.567 227.4(/6 llil.2»;t 110.307
• Total s.ei.i.ia'.i 7.011.631 33.3n4.407 IMeTSSW 29 Rit.Ol* 31 .Tg».«l4
The visible supply of grain, comprising the stocks in granaryat the principal points of accumulation at lake and soaboardports, and in transit by rail and water. May 21, 1881, was asfollows:
Wheat, Com, Oatt, Barley,Intloreat— lituh. biuh. bmh. bush.
New York 1.971 340 .'105,710 81'<.9.i.>DoaOuat (est.). t>13,0o0 170,<00 75 000
Albany I(i,(i00 38 500Buflalo 018.273 l.SO.lSi H.3'-3Ofiloapo 7,211.943 3,80^,91.t 320,107Milwaukee 1,0.j8.385Oulnth l,S07.439
7,930
3.21G9.328197,392
Bye,b}ish.
30.31414 00017.0i)(i
.1.571338.98(>24,168
Eoledo.DetroitOavefcc6t. Ix)n.BCincinnatiBostonToronto (ITtli)
Uontreai (lllb) .
niUadelpiiiaPeoriaIndianapolisKansas CityBaltimoreDown .U:eeiBSii'pi.
On rail....OnlaiieOn c:inal
Tot. May 24,'8-i.Tot. Miiy 17, '84.Tot. May 26, "83.
Tot. May 2.'.'S2.Tot. May 28. '81.
693.8)5149.U1.S97.2.^0
31I,'i9191.2112,1133
152,012211,261293,038
(i,77171,100
130,«22313,441
378.CO099.'>,S.".8
712,230
173.2288.915
65.000l,03(>,39."i
20,71373,074
"ibolOG 87(3lj,7 1H8.000
54'1.-jO300 019103,29.5f,8^,ti36535,018(311,820
31,'
12,'05'.2i
19300340.3al
228,790
li'.oVflo:i,5lO130 91212 10
20.4437,039
49.470431.40J
1747.27313 5;;42.773
2?.7fc(r10 ;fU8
3,201
181,780
1 sg.i
1 ,05
1
74,31343.7156,823
30 084
31.74410200
61274151.4t'0182,017
17,97S,.'i63 !>,452,.350I3,08-',103 375, '*70 1,029,180l!).297.790 9.»G-.!<l9 3.I()1.9ii8 4:2.617 1.2 18.90320,146.864 13,142.341 4 10-',574 niO.ftHO l.?96.23l9,4^7,798 9,291.1'*'i2.2iil.975 Ij0.eo7 1,017,931
14.9(19.921 9.822,^2^4.389,3 JO 0.3,Ui/2 327,327
I Intlmlos 3i9..'i45 bushels supposed to bo atl.>3tat CiilOJgo or error lu
stocKs as reported by telCiji-upU.
THE DRY GOODS TRADE.Fridat, p. M., .M:iy 3 J. 1884
Even after making due allowance for the intervention of a
legal holiday (Decoration Day), and bearing in mind the fact
that business is usuully quiet "bstween seasons, "the dry goods
trade was by no means satisfactory the past week, as far as
the wholesale branches are concerned, '.''iiere was a moderate
demand for a few specialties required for immediate distribu-
tion, but both wholesale and retail buyers manifested moredesire to contract their liabilities than to incroisa their obli-
gations, confidence having been only partially restored, not-
withstanding the somewliat improved financial situation. It
seems probable that distributors will continue to pursue a
hand-to-mouth policy for some little time. Still there is
nothing discouraging in the outlook. Mercbanis have been
exceedingly cautious in their operations for many monthspast, and their stocks are conseiiuently small. Crop pros-
pects are considered favorable, and though coUections are
rather more difficult than of late in someparis of the country,
tbeie is as yet no serious ground for complaint on this score. I
37.) to (iri'iit Itiiiiiiii, .: .
China, IM lo Mexico, tiu to II ' m,..,
transnotl»n<i In ooitoii tl inntd* wi I ,^and fuir rnU'ii of brown and colored cotton* y tntexport, but in other m«pccU the cotton goo-t. ,.....,. i w»kexo«pdingly (pilct throughout the wrrk, liiiyora wrm mtapathetic, thit there waa no di*|)oelllon on th«i pert of nianu-fucturera' agenta to force bualnra«, and a aiinllar »i«w of thnaituation naa taken by Jobber*. The moet dnfr^blo plain SMtcolored cottona are generally ateady in prioe, btit low itrwi*brown and bleached good* are a trifle eaaier in aoroe caeaa.Print cloths ruled (|uiet and nominal at 8>^o., leaa 1 per cent.for G-t.x6U and 3o., leas 1 per cent, for SDxSOa, with a down-ward tendency. Printa were dull, but a rery fair bnaineMwas done in other wash fabrics, aa aiteena. lawna, cliambrajrt.
seersuckers, block plaid ginghams, reversible auiiingx, tco.
DoMi»Tic W(x>i.EN a(K)i>s.—Ther^wasaTery amall hiwlniwin men's-wear woolens, and other woolen fabrics were tooMyquiet in first hand.4, and sluggish in jobbing oirolra. Afeotacontinued to make fair deliveries of heavy-weiglit caarimerM,worsteds, suitings and overcoitings on account of back ordan,but the current demand for such goo<l8 was exceedingly light,
and nothing of importance was done in spring woolens. Bat-inets were less active than of late, and Kentii'-ky j>>an8 anddoeskins were quiet in first hnnd!>, though a prutty good pack-age ! rade was reported by jobbers. Lidies' cloths, dresa goods,tricots, cloakiogs, Jersey cloths and stockinettes were sever-
ally in light request, nnd transactions in flannels were mainljr
restricted to popular makes of white all-w(x>l flinne!--. Ho-siery was in moderate demand, but shirts and draw.jrs ruled
quiet, and stocks of the latter are so large that manufacturer*are wisely considering the expediency o' curtailing pro uciionfor a time.FoKEiGN Dry Goods. — Tiie demand for foreign goods
was dull and irregular, as usual between seisonf. Li;{h(
summer fabrics, as white good'<, laces, embroideiies, summersilks ani thin dress materi il.^, were in rooJeratn request for
the renewal of assortments, hut nearly all staple guods werevery quiet, though fairly steady in price. As for some timepast, the oiTerings at au';tion were unimportant, having beenchiefly confined to "oddsand endV from the surplus stocks ofimporters and jobbers, and prices ruled low and in buyers.'
favor.Importations of Drjr Goods.
The importations of dry gcKxIs at this port for the weekending May 29, 1SS4, and since January 1 , and the some facts
for the corresponding periods of 1883, are as follows:
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656 THE CHRONICLE. [Vol, XXXVin.
United States Trust Co.OF \I!W YOKK,
No. 49 TTAI.!. SVREBT.- - $2,000,000- 3,518,036
Capital, - - - -
Surplus, • • - -
This company Is a leeal depository for moneys paidInto coon, and is autnori2ed to act n& guardian orreceiver of estates.
INTERE^T ALI^OWED ON DEPOSITS,whicti may be made at any lime, and witbdrawn after
five days' notice, and will be entitled to interest for
the wliole time tiiey may remain witli lire company.Executors, administrators, or trustees of estates.
and females unaccustomed to the transjict ion of busi-ness, as well as rellj^iousand benevolent Institutions,will find tliis company a convenient depository formoney. JOHN A. STKWAKT, President.
WII,I,1AM H. MACY. Vice-PresidentJAMES 8. CLAR'C, Second Vlce-Pres't
TBVSTEES:James Liow,W. W. Phelps,D. Willis James,John J. Astor,John A. Stewart,S.M.Buckingham11. E. I>awrence,Isaac N. Phelps.Kr*a,«tu8 Corning,
HENRY L. THORN ELI... Secretary.LOUIS G. HAMPTON. Assistant Secretary
Dan. H. Arnold,Thomas Slocomb,Charles E. Bill,
Wilson G. Hunt,Wm H. Macy.Clinton Gilbert,Daniel D. Lord,George T. Adee,Samuel i'lon
S. B. Chittenden,JOIin U.KnoaOb^Anson P. Stokes.Robt. B.MlnturnGeo. 11. Warren.George Bliss,WilliHm LIbbey.John C. Brown,Edward Cooper.
The Union Trust Co.,611 AND 013 CHESTNUT STREET.
PHlIiADBLPJBIA.Authorized Capital $1,000,000Paid-up Capital 600,000
Charter Perpetual.Acts as Executor, Admlnlstrntor. Asslfmee, Re-
ceiver, Guardian, Attorney, Agent, Trustee and Com-mittee, aluue or in connection with an individualappointee.Takes charge of property ; collects and remits in-
terest and income promptly, and ulscharfres faith-fully the duties of every trust linown to the law.All trust assets b.ept separate from those of the
Company.Burglar-Proof Safes and Boxes (having chrome
steel doors) to rent at $5 to $60 per annum, in theirnew and elegant chrome steel.
Fire and Burglar-Proof Vaults,protected by Improved time locks.Wills kept in Vaults without charge.Bonds and -toi-ka. Plate and all valuables securely
kept, underguarantee, »t moderate charges.Car trusts and other approved securities for sale.Money received on deposit at interest.
JAS. LONG, PresT. HlEsTl^R CLYMER. V.-Pres^MAHLON S. STOKE-. Treasurer & Secretary.
D. R. PATTERSON, Trust Officer.
DlRKCroKS.—James Long. Alfred S. Gillett, AllisonWhite, Chas. P. Turner, M. D.. W idiam S Price, JohnT, Monroe, Jos. 1. Keefe. Thos. R. Patton, W. J.Nead, Jas. S. Martin, D. Uayes Agnew, M. D.,H. H. Houston, John G. heading, Theodor C.Bngel, Jacob Naylor .Samuel Riddle, Robert Pat-terson. Philadelphia; George W. Reily, M. D,,Hakkisbukg; J. Simpson Africa. Huntinmdox;Hle^ter Clymer, Henry S.Eckert. Readino: Edmund8, Doty, MIFFLINTOWN : R. B. Mi/i.a^^ban, WestCHE8TEU ; W. W. H. Davis. DOTLKSToWN : Cluu. W.Cooper. ALLENTOWN.
The Brooklyn Trust Co.Cor. of Montague & Clinton Bt«., Brooklyn, N. Y.
This Company is authorized by speoiai charteract as receiver, trustee, guardlao. executor or administrator.It can act as ugent in the sale or management of
real estate, collect Interest or divideuaa. receiveregistry and tranefer books, or make purchase andale of Government and other securities.Religious and charitable institutions, and persons
unaccustomed to the transaction of business, willfind this ("ompanv ji safe and convenient depositoryfor money. RIPLEY R0P1-:S. President.
EDMUND W. CORLIES, Vice-Pres't.9 TRUSTEES:
John P. Rolfe, JosiahO. Low, Henry K.Sheldon,E. F. Knowlton, Alex. McCue, John T. Martin.H. E. Pierrepont, A. A. Low. Edm'd W. CorllesAlex. M . White. Mich'l Chaunoey, Fred. Cromwell,Henry Sanffpr. C. D. Wood. Wm. H. Male.
Ripley Ropes. William C. Kingsley..TAR. R. « I'HKAN. Secretary.
THEProvident Life&TrustCo
OF PHILADELPHIA.Incorporated Third Mo.. 22d. 1H65.(CHARIER PERPETUAL.)
OAPITAl. $1,000,000A$»SETS $14,5S3,444 83.
INSUKB LIVES. GRANT ANNUITIES, RE-CEIVE \iONEY (*N DEPOSIT, returnable on de-mand, oron which interest is ahowed, and areenipow-ered bylaw tuHCtas EXECUTOKS, ADMIMSTltA-TOKS, TRUSTEES. GUARDIANS, ASSIGNEE-.COMMITTEES, UECEIVEKS. AGENTS, etc.. forthe failhfnl performance of which thoir capital andsurplus fund furnish ample security.Alt truft tundt^ and ltive»tments are kept separate
and apart from the assets of the company.The Income of patties residing abroad carefully
ooilected and duly remitted.SAM'L R. SHIPLKV, President.T. WISTAR BltOWN. Vice-President.ASA 8. WING. Vice-President and Actuary.
Metropolitan Trust Co.,MiUs Buildlug, 35 Wall 8t„ New York.
PAID' UP CAPITAI., :|(1.000,000.DOMlKnuted us a leKa) Depository -by order of Sd-
prenie Court. Kecetve depusitt* of money on interest,EOt iw, tlHcul or traneter UKent, or trustee for corporationa and accept and exeimte anj? levrai trusts frwipftrsoiH or corporattHnu on as tavoiable tnrnia >sOther eiu'":: r couipaoies.
THOMAS lIlLLHOUgR, Presldfnt.FKBDKRIC U. TAF'J'KN. Vl,e-Pr»«ldenlWAi^TKU i. BUITTLN. Be.rdtarT.
^ttcttou J>alcs.
STOCKS and BONDSAt Auction.
The Undersigned hold REGULAS AUCTION8AL£S of all ulassea of
STOCKS AND BONDSON
WEDNESDAYS AND SATCRDATB.
ADRIAN n. milLLER & SON,No. 7 PINE PTRKF.T. NKW YORK.
©ommjcvcial ©artls.
BrinckerhofF, Turner
& Co.,Manofacturers and Dealers In
COTTON SAILDUCKAnd all kinds of
COTTON CANVAS, FELTING DUCK, CABCOVERING, BAGGING. RAVENS DUCK, SAIL
TWINES, Ac, •'ONTARIO" SEAMLESSBAGS, "AWNING STRIPES.
Also, ApentB
UNITED STATES BVNTING CO.
A full supply, all Widths and Colors, always in stock
No. 100 Duane Street.
BrownjWood&KingmanSELLING AGENTS FOR
Geo. H. Gilbert in<g;. Co ,
Arlington mils, Freeman Itlfg. Co.,Kenfreiv infi":. Co., Jani^x Phillips, Jr.
FItcIiburg; Worsted Co..George Whitney, Continental millB,
Lincoln mils.BOSTON, 31 Bedford 8tn ct.
xri^nr -vrwttr OS & tO Worth Street, andJN1.W YORK
j 35 ^ 37 Thomas Street.
Joy, Lincoln & Motley,SUCCESSORS TO
E. B. mUDGE, SAWYER & CO.,43 & 45 WHITE Street, 15 Crauncey Stbikt.
NEW YORK. BOSTON.AGENTS FOB
Ocean inills Co., Atlantic Cotton mils,Peabody mils, Chlropee ITIIg. Co.,Uerton New inills. White ms. Co..
Saratoga Victory Ifll's;. Co.,Hosiery and Yarn mil'..
Bliss, Fabyan & Co.,New TM-k, Boston, Philadelphia,
SELLING AGENTS FOR LEADING BRANDSBROWN 6c BLEACHED SHIRTINGS
AND SHEETINGS,PRINTS, DENIMS, TICKS, DUCKS, *0.
Tonrels, <laUtB,W^hIteGoods dc HosieryDrilln, !<heet»ig», Ac., for Export Trade.
L. Everingham & Co.,(Established 1865.)
oommissioN merchants,125 lia Salle Street,
(ADJOINING CHAMBER OF COMMERCB),CHICAGO.
THE PURCHASE AND SALE OFORAIN AND PROVIMONS,
on the Chicago Board of Trade, for cash or futuredelivery, a spectulty.
Special Information, IndieutmK conrfe of isarketa.freelv furniwhed upon reunpst.
ESTABLISHED 1865.
EUGENE R. COLE, Successor to
^ears &, Cole,STATIONER AND PBINTER,
Supplies Banks, Bankers, Stock Brokers and Cor-porations with complete outUta of Account Booksand Stationery.ItyNew concerns orfiaulzing will have their or-
ders promptly executed.
No. 1 WIL,L,IAM STREET,(HANOVER saUARE.)
JOSEPH CTLLOTTSlSTEEL PENS
SoirBr ALL DEALERSThroughoutTheWORLOI1 COLO MEDAL PARIS EXPOSITION-IB/aLJ
Insttvaucc.
OFFICE OF THE
ATLANTICMutual Insurance Co.,
NEW YORK, January 24. 1884.
The Trustees, in conformity to the Charter of
the Company, submit the following Statementof its afiairs on tbe 31st December, 1883:
Premiums ou Marire Uiske from1st January, ;883, to 3lst De-cember, 1883 f4,168,953 10
Preminmson Policies notmarkedoff Ist January, 1 b83 1 ,539,232 53
Total Marine Premiums $5,708,185 63
Premiums marked off from 1st
January, 1883, to Slst Decem-ber, I8d3 $4,260,423 »3
Losses paid during the sameperiod $1,901,042 38
Returns of Premiums and Ex-penses $850,0a0 76
The Company has the following Assets, viz.:
United States aid State of NewYork Stock, City, Bank andother Stocks $8,666,795 00
Loans secured by Stocks andotherwise 1,956,500 00
Real Eetate and Claims due the
Company, estimated at 425,CO0 00Premium Notes and Bills Ro-
ccivaole ;.... 1,588,306 79Cash in Bank 335,710 68
Amount $12,972,312 47
BIX PER CENT INTEREST on the outstand-
ing certilicates of prollts will be paid to the hold-
ers thereof, or their legal representatives, onand after Tuesday, the Fifth of February nexU
THE OUTSTANDING CERTIFICATES of
the issue of 1879 will be redeemed and paid to
the holders thereof, or their legal representa-
tives, on and after Tuesday, the Fifth of Februaiy next, from which date aU iuterest thereon
will cease. Tlie certilicates to bo produced at
the time of payment and canceled.
A DIVIDEND OF FORTY PER CENT is
declared on the net earned premiums of the
Company, for the year ending 3 Ist December,1883, for which certificates will be Issued onand after Tuesday, the Sixth of May next.
By order of the Board,
J. H. CHAPHIAN, Secretary.
TRUSTEES.J. D. Jones,
Charles Dennis,
W. H. H. Moore,
Charles H. Russell,
Jatues Low,David Lane,
tJordou W. Burnham,A. A. Raven,Vm. Sturgis,
Beujamiu U. Field,
Josiah O. Low,William E. Dodge,
Royal Phelps,
C, A. Hand.John D. Hewlett,
William H. Webb,Charles P. Burdett,
Horace Gray,Edmund W. Corlles,
Adolph Lemoyne,Robt. B. Mluturn,
Charles H. Marshall,Johu Elliott,
James G. De Forest,
Charles D. Leverich,
William Bryce,
William H. Fogg,Thomas B. Coddington,
Horace K. Thurber,
William Degroot.
John L. Riker,
N. Denton Smith,
George Bliss,
William H. Macy.
JOHN D. JONES, President,
CHARLES DENNIS, Vice-President.
W. H, H. MOORE, 2fl Vice-Pr. sldeut..
A. A. RAVEN, 3d Vice-President
Mat 81 1864 J THK ( HRONICLR
Justivnucc.
The United States Life
Insurance Co.IN TUB CITY OP NKW YOHK,
(OKOAM/.KO IN INBO.)
Zttl, SG2 & SO:l Itronawny, New York.
T. II. nuosNAN, President.
C. p. nUI.KKIII.HlH!';. A.\VllliKI.WIlIOIIT,AM'tS*0
UKu. II. UimruHi), Acluiirr.
B7 an act uf the Letftftlaturti or th aHttttothln Com-pany's chtirter wua bo amended In ISHtt that heretift«r
all the proUta ahull bel^nif to the policy -holders ex-
oluslTvty.
All I'oltclea henceforth Isauod ore Incontestable
fer any ciiuae arter throe years.
Death Clul I B paid at onoo as soon afl satlafuotory
proofs lire received at the Ilome Offlco.
Absolute Auf iirlty, combined with the lurseat liber-
ality, astturea the popularity and success of this Co.
All forms of Tontine i'olklea Issued.
CU»I'AKI80N or BOSIXKSg rUK TWO Tkars.1882. ISK).
New Insuninco WMten. . . .18 SOO.HOO 00 |0,?.HI.OOOnoInBUmnee In force.. lil.Tim.iHKi 00 Is.MOi.oooooAssels.... A,ll»,!<144a S,2HH,lil2 1**
Pa} nieuis to policy-holders 4Sm,«<V4S 47a,l«IW!i
iDoreaso In new business written In 1883 over I8t£i,
S7 per cent.
GOOD AGKNT.a, de.ilrlnu to represent the Com-gany. are InvUed to address J. 8. GAKKNKV,upertntendeut of AKencles, at Ilome OtBce.
THEMUTUAL LIFEINSURANCE CO. OF NEW YORK,
F. S. WINSTON, Prfsiiient.
ISSUES EVKlir UESCRIPTION OF
LlFE(kEND WMhWTPULWIESRates Lower than other Companies.
ORGANIZED APRIL 14. 1842.
Assets, - - $101,148,248 25
THIRT Y«F0I;RTH YEAR.
MANHATTANLife Insurance Company
OF NE W TORE.
156 & 158 Broadiraj', New York,Old Hnd tried. aoMd, con.servative, economical. New
form of policy—plain, liberal, Incontestiible, nonforfeltKble. N<in-partlcliiiitlnK, very low nite pollcl<>s
.iberui suloloriuHtlon and ticencies.
IsKued, us well us the urninjiry pjirtfcipatinK ordinaryrate policies. Liberal surrender values. \V rite for
H. STOKES, President.
H. Y. WKMiM.E, Sec'y. J. L. HAL8EY, let V. PreP.
N. 8TKBBINS, At'y. H. B. STifKES. 2d V. Pres.
^ttaiixsTitps.
ON1.T
Direct Line to France.
GENERAL TRAlmXLANTIC CO.
Between NEW YORK and HAVRE,From Pier tnew) 43 North Ulver foot of Morton ft.
Travelers by this line avoid both transit by KnidlnhHallway and the discomforts of crosslna the ChannelIn a unmll hn»t.
8T. I,A UltKNT.de Tonsjelln ..Wed.. June 4. 2 P. M.CANADA, do Ker.iablec WetL.June 11.7 A.M.AMKKlyL'K, Sanlelll Wed.. June 1», Soon.
PKiC'k. or fAr^aAoB—(JncludlnK wine>; To tlavrif—
First cabin. tlOO and 180; second cabin, t«0; steer-
axe, (art—InciudInK wine, beddlnn and uter.slls. Ke-turn tickets at verv reduced rates. Checks -m BanqueTransatlantlque, Darre and Paris, In amonou to suit.
Special Train trom Havre to Parle.The Compattnle (lenerale Transatlantlque delivers
at Its otUce In .Now Vork special train tickets fn>mUavre to Paris. BasKaiie checked throuuh to Partswithout examination at Havre, provided pa.ssenKershave the same delivered at the Company's Dock In
New York. I'ier4i .North lllver, foot of Morton 8t.
at least two hours before the departure of a steamer
LOCJIN I>E BKBIAN, Aseni,
OFFICE \
CAKPETS.nOCSKKKBPKRS AND OCCUPANTS OK OK-
FICKS li:ko notice. Kefore bnynK your carpets,I.inoleiiiu.lillcl.ahs, orMattinini.CMilat HK.M)Al.I>'SIdlsdt I arpet Store, 114 Kulton 8t„ basement floor.
Cheapest place In New York.
5i?iibUCiitlou9.
» TMKiiKICATK.-*'!- t l\ 1 Nt;
I Auihnr«. BMrli im I'l «>i. ^i •• «
Itllllll'l-, Jft«. S. »-rMiMlr.Pro'. MllKlry. Uiiilil llnii.\\ .K 4;lMaMtonr.lC. A. Prii.
I
Ml, MtVMl-ll A. l''|-|>t*HltlM,
*ii.l. Tvndiiil, Dr. W . II.
1'tit-»i'ul*-i'« Krmirt*)* Powrr'ul>(if\ j'l oli'MMor leftlilwln
Mitlili. Thf Uiihr nr A'u>ll,^^ ut. Illlirk. Hi-- Tliiu-kfriiy* tlr«. il iiloi U<( 'mlk,iivo. .>lnrl>«iiiilil« ••rit. Ollarihiiul. J run Imh* («>«. Tll'«».
I tr«|y, FrntK-ln Cnlioit.We\\'.<"lnrv. .tlitttlii'V* Atdulil,
l<M«Htii.Ti*niivMO<i. HrownlHtfti^Dd umnjr •itlivri',
uro roprountod in ttie piMiMOi
Litiell's Living Agr.Purlng tho forty ypwn of lit puhllrttlon Thi
Living AOKht" met wlita cont nuom evmni«nila-Uuii and luucvns.A iy*tHli MavuHnt, tt blvM aior« than
THRGB AND A QUAitTBR TBOaSAltDdoubltt-fioluiiiti ocinTopHfcomif randlny mattor year-ly. It oreHDniN (n an inejt|i«n«ivf f'tiv, .•..rr-.idt-rii «listireai Hitioiint nf inntiHr. withtx ttti wtttiklv tntiue. tind with u§t<*U)nt<itii iiitpnipi«*<i by nn nit i
f»iii KaiuiyH. Kevtown. Crlt oisuih ..;. i
Storlo'^.^intichuM i)i Travel ana l>ti«»..vwr>. »'-*»-i r.,
?c.eiilltlc'. Hi.»«raphiCHl. llltturicnl and I'oliilail in-luruiiiiloii.rruui the eiiiire body ot l>(ir«iiin t'vnuUUcnl Ltturuiure.
it la mererore Invaluiible to every AtDvrloannitdvr, HM the onlv BntlafHCtun!r froah and CdM.PLtCTK cucupUattnn i^r an indlspeokHble ourreni11 erature.—IndispODsable bocaOM U •mbracwa Ibfpruducttunsof
THE ABLEST LITING WRITERSlo all branches of Literature. Science, Politics mnd
Art." No AtherKriodlcn! Rives so d;ver8'ncd a view
of *urrenl literature, i ot by brtflgmt'inn, but byputUshtnif ei ti e Ihu beat l88ay^, crtMcUnis. dla-
(.ua»ii'n8. short storiis. and at-n I n-man-^a • f ibedav • • • It is for leaiur* nf limited impure orpurse tlie nio.-it .onvfiiient nd avaiiaole mean* ofpo'Si'Mitiiu the ' RflvL*» Df iho v- ry beat reaulsofcurunt c^ltlci^ro. phtJu-topiiy. sci' nee, and litera-
nir*'.""i'rrjfbi/(frJ«n ifcinwrr, PUf«^ury.•"rhri'UKli tts p.'jrti" Hlune It la pusoiblo to bo as
well Inf ruled HI turrent iiter..ture u5 b> the peru-sal of a I PKl'ator nionthh***.' — Phi/'i Euttuirrr.
" Whrttfver iiit-re is of lBt«rest m the litomryand bc ei t tit: worU Is apreaa before Us reauera.* —ItitntonJimrual. ^ . , . ,*">o leuuer who makes himself ramllUr with Its
c •i-ttiita can bitk the means of a sound llte>arT
culture."—.Vfw York Trihunt."It lurntahes a cniplite c mp'tatlon of an n-
d spenaable lite aiure. '--Chlcuyo Evening Journal• Ut-nmrkably rhe\i I r th« (imlitrand a uouot
of readiiiK fumifhed,"— .Vi^nfr" t Uuzette"U 18 bv oU'l-» the P' at p«itodlcal In tho world."—
idoming Star, WUnUngton, N. C." We KiluW t>I n.> - quul >•• I UK LIVING AGB for
variety oi i' fu- oiut o) .depth ol inttreHt.and pur tyuftone. 1*8 M ires are autttc enl t«i keep an readeraiiieiiat w>lh the best printed th'UKbtA of the beatof our luniomMo ary writer*. 1 is tiie Kreat ec et—tlco the w.-rld "— Kin*cr»i»< J liegi»Ur, Phit'idelphta.
•• It flourUhes In even moro than ynntrful vigorIt has b'Como indlapensnble."—AViw York Obxerver"Its oH(ier-4 urv suip-lcd with liiu beat lut-riiture
of the day. • • " 'n» re is uuti Imk nut- wurthy in
aclen e, »rl, literature, bloKra hy, philos'inhy, orntiKlon.iha cannot be foun » in It • • * It K'vesIn acces loie form toe best thought of the age."—The Vhurchm'ni . A>«» I'wrfc.
" li btM oinen more »nd more necessary as th" fle<a
of periodic. I literature iToadens."—Zion'j iftnifd.
Bonttni.
Published WKEKLr at 9800 a year, /r« oj postof/e,
or,For fiO 50 Thk Livi»o AOI and ary one of
the Auieriuan $4 M<in hlies tor Harpey's \^eekly
or /A^'-ri wilJ be i^ni u.* a ytar. pt'»lp»lti ; or furfH fiU THE LIVING AGE ano the Hi* Aicivkts, urLififiUtavW* Jlonlhlv. Address,
L,l'r'rKLI« & CtO.« Hoston.
FOR SALE.
Chronicle VolumesSINCE 1870.
Any ofBce posseswlnjr these volumes since 1870 hasat hand for ccmventent reference a complete and re-
liHhle ilnanclMl hl»»tory ut the period, i'tinlei* hnvinB
the more rt'ciMit volumes can obtain from tho pubUshers luusi of the earlier volumes, or complete spts
can be turtushed.
lVll.LlAiTI B. DANA dc CO.,TV \ Ml Wll/I.IAM ^^TUKf-T.
Cotton.
Tames F.Wenman& Co.,"^ COTTOX BIIOKEU.'",
No. 113 PKAKIi STHKKT, N. Y.EstHbllsbed (In Tontine BulldloK) IMO.
Wm. Felix Alexander,COTTOX BROKER,
AUGLSTA, GEORGIA.Satire attention Blvon to pnrchKso of COTTON
TO OUDEK for SPIN.NKltS and EXPOKTEKS.COHKEill'OKIIKNrB HOLIrlTED,
KKruHENrr.s.— N.
'
Henry Mo ti .» (•
V„rK; W.iiliiiii H. 1
rlAl.* Kl.NA.NCIALl-iUoiues,
. of Aufiu*-tn, (U.;11 MiTlllllllll', .NfW...prl.-liirs 1 iMl.Mtii-
., und other New Yirk
(Motion.
Robert Tannahill & Co.,
Cotton ('ommlMlon Nprebanl.,
No, At stone Mreet, NKW VOKS.
Bpeetal sUentlon elven In Ihe putthmn m* eale ofruture ContraeU.
E. S. jemison & Co.,B A N K K
Ann
COTTON COMMISSION MERCHANTS,
No. 83 William M., New Verk.
Jemlson.Uro e A Co., (lalrMtoB, T.xu.
Kountree & Co.,conm<»Kio:« nerchants,
NO. 13 OLD RLIP,f>'£W YORK,
AND NOUFOLK, VA.G^ fipedal attention given tn the •xeeotloe of
orders for the purchase an4l sale of Coitoe. Uralaand l*rovlalons fi.r futuredaUverr. Liberal a4v aaoeefDa4e on OiinsiirnmenU.
Henry M. Taber & Co.,141 PEARL ST., NKW YOHK.
Advances made on rnnaUromenta of Cotton. Coo-trurtA for Future l>ellvery uf Cuttoo bunslii and»oid on commisaloo.
Tuttle & Wakefield,C O T T O SJ
Vnd General CommlHHion Merchants,84 BeaTer St., New York.
Liberal advances msde on eotton eooslffnmeata.ipecial attention (Iven to orden for oumraoe tor'nture delivery of cotton.
Wabke.n Ewex. Jb. JOBX U. Ewnt.
Ewen Brothers,
COTTON BROKERS,Noe.'Sl & 33 Broad Street,
NAW YOKK.
B. F. BABCOCK&CO.COMMISSION MERCHANTS.
17 AVater Mtreet, LIVIiRPOOI.,Receive ennp|«nnienu of rotton and other Prodeee.end execute orders at the Kichaoues Ui Uverpuol.tieiresented In .New Vork at the oOlce of
BABCOCK BKOTUEB8 A CCfiO WaIX bTKSn^
jMo. w. TCLLie. . LAnrtai.
Tno. W. Tullis & Co.,COTTON BXn-EKS,
EIJFAULA, ALABAMA.
Dennis Perkins & Co.,COTTON BROKERS,
135 Pearl Street, New Vork.Orders for Spot Cotton and KnturM prompUy
executed. ^^^^^^
WALTER &KROHN,COTTON BROKERS,
S3 BBAVlga STBBKT, NKW YOHK.
Geo' Copeland & Co.,COViOS BKOKKR8.
136 PKABI. 8TBKKT, NKWYOBK.
Waldron & lainter,COTTON MERCHANTS,
97 PEA HI. STHKKT.
'JOHN H. CLIMBl & CO.,
COTTON liUYER*.
nONT<.O.VKRY, ALA.
ruBCBAM OKLT OK oiii>rii» roB A CoMiiieeio.v
TIU THE CHRONICLE.
©Ott0tt.
Woodward & Stillman,MERCHANTS,
Post Building, 16 & 18 Exchange Place
IliX:\r IfORK.
U>ANS MADE ON ACCKPTABLE 8KCUKITIES.
Cash Adi ances Made on CoiisignmenU.
Bpbcial Attention to Obdeks for Contracts
fo^ fctube deliterr op cotton.
COTTON, ALL GBADE:S, SIIITABLB TO WANTSOF SPINNBRS,
OFFERED ON TERMS TO StTIT.
Lehman. Abrah m & Co., Lehmax. Dt'RR & Co.,New Orleans, I^a. Montgomery, Ala.
LEHMAN BRO'S,Cotton Factors
ANDCOMOTISSION MERCHANTS,
No. 40 E.XCHANGB FLACK,
MEHBtRS OF THE COTTOS, OOFFliB ANDFRODCVE JiXCUASGES.
Up-town office, No. 204 Church Street,Newr York.
Orders e- ecutod at the Cotton Ithcchanges in NewYork and Liverpool, and advances made on Cottonand other produce con.sigued to u.-*. or to our corres-pondents in Liverpoc'il, Mes-srs. B. Newgass & Co.,and Messrs. L. Uosenbeim & Sons.
GusTAvcs C. Hopkins. Lucius Hopkins Smith.Chari.es D. Miller.
Hopkins, Dwight & Co.,
COTTONC©M MISSION MERCHANTS,
No. 134 PKAKli STREET,NEW YORK.
ORDEHS for FlTTUUE CONTRACTS EXECUTEn ISNew York and Liverpool.
Fielding & Gwynn,
COTTON FACTORSASD
COMMISSION MERCHANTS,16 and 18 Excliange Place,
Post Building, Nirw YOKK.
John C. Graham & Co.,BANKERS
AND
COTTON COMMISSION MERCHANTSNo. 18 Wllllani Street, New Vork.
8ELMA, ALA.; MONTGOMERY, ALA.Buyers of Cotton for a Commission. Orders for Fuure Contracts executed in New Yorlt and Liverpool.
Gwathmey & Bloss,C0:n]MB$S10]V MERCHANTS,
No. 123 PKARL ST., NEW YORK.Orders for future delivery of Cotton executed in
Kew York and Liverpool ; also for Grain and Pro-visions in Kcw York.
Farrar & Jones,132 PE.ARIi STREET, NEW YORK.Liberal advances made on Cotton consignments.
8l>eciul attention given to orders for contracts forfuture delivery of Cotton.
EITRE, FARRAR & PRICE,NORFOLK, V.\.
H. Tileston & Co.,COTTON, STOCKS, BONDS, &c.,
25 WILLIAM STREET, NEW VOltK.Orders in " B'utures" executed at N. V. Cotton Excll
William H.Beede&Co.,COTTON BROKERS,
No. 114 PEARI. STREET.fipeci tl attention given to orders tor the buyinsf
tna selling of Cotton fob Future Deuverf.
Cotton.
INMAN,SWANN&Co
COTTON MERCHANTS,
IVew York.
Henry Hentz & Co.,COMMISSION MERCHANTS,
8 South Willtain St., New York.EXECUTE ORDERS FOR FUTURE DELIVERY
C O T T O Bf
at the NEW YORK, LIVERPOOL AND NEW OR-LEANS COTTON EXCHANGES, Also orders for
COFFEEat the NEW YORK COFFEE EXCHANGE.
Correspondents :
Messrs. James Finlay & Co., Liverpool, Londonand Glasgow.Messrs. Smith, Edwards & Co., Cotton Brokers,
Liverpool.Messrs- Finlay. Muir k. Co., Calcutta and Bombay.Messrs. Samuel H. Buck & Co., New Orleans.
Alfred von Qundell. Charles Mayhoff.
von Gundell & Mayhoff,COTTO]^ BROKERS,
Nob. 2 & 4 STONE STREET, NEW YORK.
VON GUNDEI.,L, & ra.VYHOFF,COTTO.V BUYERS,
nEmPHIS, TENN.Wm. Mohu. H. W. Hanemann, Clemens Fischer.
Mohr, Hanemann& Co.,
133 PE.ARIi ST., 186 GRAVIER ST.,
New York. New Orleans, La.
Special Attention Given to the E.xlcition
OF ORDKBS FOR FUTUBE CONTRACTS.
E. A. Kent & Co.,COxTimiSSION niERCnANTS
IN
GRAIN, PROVISIONS AND COTTON,
WEIJ.BS BUILDING, S BEAVER STREET,
New York.POO LE, KENT & CO., E. A. KENT & CO.,
CHICAGO. .ST. LOUIS.
Sawyer, Wallace & Co.,COMMISSION MERCHANTS,
No. 18 BROADWAY.Liberal advances made on Cotton consignments.
Special attention given to orders for contracts for
future delivery of cotton in New York and Liverpool
BuUard & Wheeler,119 MAIDEN LANE,
NEW YORK.BAOGIIWO AlVD IROM TIES,
(FOR Baling cotton.)Agents for the following brands of Jute Bagging,
' iigle Mill!»,""Brookl>n tity,"'Hieorgia,"''Curolin!i,'''Nevins.tJ," "Union t>tar." "Salem,'' ''Horicon Mills,"* Jersey Mills" and '* Dover Mills."
IMl^ORTEKS OF Ii.ON TIBS.
BAGGING.WARREAI, JO\ES A. OR.4TZ,
ST. LOUIS, Mo.
MiiBiifactarers* Acents for ths sale of Jut* Bagglnc
IMPORTERS OF
IRON COTTON TIES.
lMay 31, 1881
©OttOtt.
G. Schroeder & Co.,SUCCESSORS TO
WARE & SCHROEDER,COTTON COMMISSION MERCHANTS,
POST BIJII.DING,
16 & 18 Exchange Place, New York.Special attention paid to the execution of ordera
for the purchase or sale of contracts for future de-livery of cotton. Liberal advances made on oon-Blgnmentg.
Edward H. Coates & Co.successors to
claghorn, herring & CO.,
COTTON COMMISSION MERCHANTSNo. 116 CHESTNUT STREET,
PHILADELPHIA.
F. Hoffmann,COTTON BROKER AND AGENT
38 RUE DE LA BOURSE, HAVRE.
lusiirattce.
Insurance CompanyOF NEW YORK.
OFFICE 119 BROADWAY.CASH CAPITAL t3,00n.nfl0 00Recerve for Unearned Premiums 2,407 fVit 00Reserve for Unpaid Losses and Claims. H27.Kr7 04Net Surplus I.f)fl7a40 07
Cash A ssets. Jan. 1 . 1RR4 *7.4Ha.751
CHAS. J. MARTIN, PreNideut.J. H. WASHBURN, Secretary.
Insurance CompanyOP ILIRTFORD.
Assets Jf.nuar3' 1. 1884 $9,192,C43 80Liabilities for uiii>alil losses
and re-insurance fund 1,92.3,1'5 95Capital 4,000,000 00
NET SURPLUS 83,260,457 85
Xo. 2 Corllandt St., New York.JTAS. A. ALEXANDER, Agent.
North British
& Mercantile Ins. Co.OS
LONDON AND EDINBURGH.United States Board of Management,
JVBW YORK:Solon Humphkkys. Cli'r'n. (E. D. Morgan <fe Co.)David Odws, Esq. (David Dows & Co.)E. P. Fabuhi, Esq. Drezel, Morgan & Co.)Uon. h. K. CHirrENDEh",IC/.RA White, Esq.J J. AsToK, Esq.
CHAS. E. WHITE, SAM. P. BLAeDEMMANAOBRS
oaiee, S4 W^illiani St., New York.
Cyommercia/
LJnion Ins,C o.
(OF LONDON.)
ALFRED PELL,Resident Manager,
No. 46 Pine Street,