30
ttmtk HUNT'S MERCHANTS' MAGAZINE,' REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATER VOL. 41. SATURDAY, NOVEMBER 7, 1885. NO. 1,063. 35He Chrottkle. Thk Commercial and Financial Chronicle is publis?ud in New York every Biiturday morning. t Entered at tUe Post OIHce, New York, N. Y., aa second olaasmall matter.) WtLI-IAM JOHN a MB DiNA J^"'*'*'^™"- "ANA dc Co., PubllNhers, KLOVD f Tl» & 81 frilllain Street, NBW VOUK. CLEARINO HOUSE RETURNS. Mainly on account of the abatement of speculation during the week, but perhaps partially in consequence of the lessened business activity which immeiliatelv precede.s an election, the exchanges for the six days ending Octo^ier 31 record a decline from the two preceding weeks. The exhibit is nevertheless a very favorable (iue, and in comparison with the corresponding week of 1884 (when the clearings showed a decided falling off due to the disturbing influences accompanying the Presi- dential election), there is an increase in the total of 39 per cent. New York Stock Exchange share transactions for the week reached a market value of |127,768,000, against f56,800,000 for the same period a year ago. they exhibit an increase over the same months a year ago o 10 -4 per cent. j New York. ... Bohton Providence.., Uartrord Piirlland Worceatpr Sprlni(flcld ... Lowell Oclnber. I P. a. Ttn Honlha. 3,188,740.190 3,370.SS0.12S|.t-84'S21.S94.rl61.aM93.SIl.(»1.0MI-lS-» »«3,I2I.Ml! 2a.MlB.liOO 4.4ia..'>17 3. lOD.MUi 2,;i'ji,4a7l 2as,(H1.009 +lg-5 2,T70,72I,42C lo.«^^:^l3l|-\sl^.9 I72,lo».700 «,254,0>)8 J-:l2-7: 4,471,SW +10; 3,:e8,z«» +i.'<-4 »,iMl.H9ili +30 2.8*1,907 -0-4 IP. 01. z.iTv.wi''. vy\ +8-S 10 -46 -2-3 -10-» Tot. N. BSag.! 388.000,81)4 889,400.184 +10-2 8.184,471,0861 8,051.118,521; +8-7 67.71)0.54 ^ S7,49l.4.'«| .'»l,«73,aK.i 30,086.722 lti.880.a74 :il.:llv™j 20..'>U4,Oa4 PhlladelPbla.. I'lttsburg Baltimore Wee* Bnding Ott. 31. Wttk SnMnt Oct. 24. New York MUtot— (,3tocla....ahaTes.) (Cotton balfa.) (Grain. . .biuheU) (PetrnUum.bbls.) Boeton ProTidenoe.« .. Hartford Portland Worcester SprinKtIeld I.oweU 1993,814,387 (2.3,37.fl«») (5HS.700) (37,306,000) (84,662,000) 170,974.841 5,579,400 1,534,258 1,037,815 7»t,«64 713,723 408.83«! 1884. (458,532,568 (888,448) (477,000) (22,795,200) (83.0(15,000) 158,811,468 4,1118,700 1,173,465 1,023,973 808,300 653,389 456,011 Total N, England Philadelphia... PlttSbUTK Baltimore Total Middle.. Chicago Cincinnati ... Milwaukee... Detroit Indianapolis Clereland ColambUB P*orla Total Weatem... Bt. Loula St. Joseph New Orleans I.oa)sTllte KanaasCltr Memphia Total Sontbem.. Ban Francisco Total all Outside New York (87,043,831 147,353.039 7,407.117 10.337,785 (67,423,308 (39,828,337 8,461,699 11,577,658 +51-6 +I63-1; (+25-3> (+63-7) (+1-8) +30-9 +240 +80-7 +1-4 -1-6 +»8 -10-3 Percent (828,373,049 +38-9 (3,<'51.233) (409,500) (89,310,400)' (133,771,00(1 (05,098,241 »4S,77I.241 8,212,250 4,105,872 2.948,221 1,377.473 2.142.899 l.SW,809 938,421 (69,882,186 (13,662.131 6:i5.970 10.760.103 S.863.U0i< 4.771,467 1,582.422 (33.276.008 (11,512,515 »Sfll,i 87,168 (1168,812,781 (39,867,094 (44,313.792 8.063,250 8,702,453 8,690.522 1,335,327 1,»'81,996 1,192,588 778,746 (64,137,618 (12,918,375 570.131 8,477,673 3,289,468 3,602.643 1,385,0091 +29-1 +18-9 -125 -10-7 +8-7" +0 6 + 1-9 +10-9 +9 6 +8-2 + 13-9 +16-3 +20-6 (78,789.088 +231 5,844,800 +35-3 1,580,438 +16-9 1,000.548 +2-1 904.332 +14-3 792.658 +5-8 728,681 +9-3 (+02-7, (+1I-4: (+20-7) f+6811 Tot.Mlddle. fJhlcaco Cincinnati Milwaukee . .. Detroit Indianapolis.. Cleveland ('olumbus. ... Peoria Tot. West.. St. Louis St. .Joseph .... New Orloan;".. Louisville Kansas City... Memphia Tot. South... San Francisco. Total all Outside N.Y.. 8311,905,761 »2.7it.'>,9S|! 68,164,»^9| 321,836.674 303.»2'f,468| +6-1J 2,878.0»t7,7i8i 3,080,503,481+18^ 808,2?0,082i+13ei 1,904,298,178. 2,I5il..S72..'«)6 ^11-4 37.4N«,H87|— 12-6! 2»-?,l05.890| ll)7.l«!X.162 2H-8 B7,«I»,44« -9-8 48i.l93,IMtI ,'V28.5irJ,l)53 -trS 2»I,770.«2;J' 41.9 .2 .1-^5 I8,««i.22; 14.591.49Hi 8.033.S28 9,85H,lN2| 8,305.282' 4.431,202 204.712.8TB +14-7 aH.7:W.0S0; +8-8' I6.:<.'«),7li7 +14-5 13,279,277 +9-9 5.888,112 9.3»7,l<42 6,048,2rt3 4,a;9,:<64 336,877,2631 89'*,471,9(>3 6«,.'i32,735 .3.123.586! 40.3«M.HOO 19,467,445 2.").085,«5a 0,5a5.715 $2-8 +4-9 +:•« +9-8 1,863,844,004 361,8411,125 14-,.VW.i'94 114,479,640 6-^651,491 83,641,608 9lt,0mi,6!t7! 84,i80,8»l +12J 8,718,207,:»7i 8,774,182.183 l,SR0,.-.7I.2<f: ! 3-«.07><.70O. 4-8 I4.'>,777,259 +8-0 ll2.{i7X.il(0 +*1 eD.im.W)' 121» 87,1-20,910 —49 38.il8i,.S3a( -»* 87,310,095 -8-4 -8-0 63,474,959 2.66M08 - 88,4'20.300 16,21 1.:i81l+V0-I 17.40n.42li4-«4-| 5,60U,1W6 +19 8 +4-8 +89-5 +3-ol 683,828,980 29,583,!lOS 2KI.7n2.9:'8( 1 7'!. 400.133 18:<.fl-a*.023i 51..U0.503; 6.'«),79'<,03.1 89,971,781 8i9.Sw0.3>-2 177.879.64;) 144.343,107 43,09-2,045 161,354,783: 31,609,656 i43,5.9,410+12 4 51,162,816 4-7l 1,347,907.077. 465,738,911 1,403.163,083 462,504,178 4,419.431,38i|3,495,«56,!i»4'+8T3 31,939,778,719 1,-459.683,183 1,125,000,8691+11-910,344,917,383 37.290,582,808 I0.T7k',471,44e -6-3 —1-8 -10* -o-» 4 19* I-I -14-S i-0 (89,586,440 (58,848.616 8.218.998 10,758,160 (77,923,774 (49,821,481 9,510,650 8.707.038 3,145,122 1,315,820 2,837,001 1,857,740 905,760 +83-1 +35-8 -5-4 -13-9 +20-3 +15-7 +9-8 +1H-0 + 10-3 •fO-3 +11-3 +0-0 +132 Our coinpil ttion covering operations on the various New- York exchanges for the month of October and the ten montlM is as follows: Oe«eri]>t<en. (80.253.101 (13.365,680 +8-9 +5-8 +9-8 +28-9 +17-5 +3-2-4 +14-2 +16-6 —13-9 I (693.6 '1,969| +390 +14-4 (285,069,401 (71,900,062 (15.226,821 718.544 10,S-2«,185 4,869,483 4,460,047 1,554,-284 (36.555.304 (10,978.617 (1,115,857.816 (286,884,187 + 18-9 +5-0 +26-2 +12-9 +370 +4-4-7 +127 +14-8 +14-8 +31-6 Stock—Sh'r's Value RR. bonds... Gov't bonds. State tMinds. Bank Bt'M;ks. Petr'l'm.bbls Cotton, bul 04 Urain...bU8h Total value Par Value itr Quantity 12.BW.490 *U7«l>045<l il0l.«12,>i00 (1,215,000 (4,6118,450 (I()-2,1I5-. 4O«.4«.'1.0OO 2,1 76,400 184,182,665 Actual Vnlue. Aver'tje Price. : 693,848,483 59-3 '(74,S9I,«7l' 71-1 (1,467,6^5 117-9 (I..577 ,925 27-8 (llH.r.OU 114-2 Tm Sfonthg. Par Valtit or QiMlutUy Actual Value. Prltt. 64-S (43). 127,1180 (11)6,778.165 (165335,841 1,477.539.341 108N (49 07 90c. «8.4'2S.W28' i !»62:fl.ll«i 00 «.o-27ji4i.oeo ' »4«l.n 2.-i'-.0 (387,7W.27» ««•* »i2,<7o..':0o (ir.,'-- •-.s (lO.xii^.ilSO f ; (sas.Srti) 8.835.500,1X10 2.w:\ r JOe I3.471.3il0, (811 40r.rt2j,s32«4 l.6a4.835,7)3;l,S4e.l8n,00.'> 8Se. 19.068.685.9101 +18 S As our statcmf nts from week to week have indicated, the ex- changes for ihe monlhof Octoberreach avery large afrgregaie. In fact the total for the whole country exceeds that for the same month of 1884 by |953,574,387, a gain of 27 3 per cent. The ten months c.l the present year exhibit a decline from the corresponding peiiod of last year of 14-3 per cent, but out- Kide of New York the falling off reaches only 4 per cent. The imj.rovement in exchanges dates back to the first of July, and taking the figures for the four months since that time Our telegraphic returns of exchanges for the five days are of an exceedingly satisfactory character. At New York, where the figures cover only four days, there is a consider.ible increase over the figures for the preceding five d lys and at the other cities large g-iins are the rule. Compared with 1884 the aggregate records an excess of 47-7 per cent, and with New York excluded the margin in favor of this year reaches 19*5 per cent. New York aalaof StMk (ika.) Boston Phlladaiphto.. . Baltimore. C!hloaKO St. Louis New Orleans... no* Day Eniing Sov. 6. 1885. Total Balance. Country* Total all OntsidA Vow T'lr)! (640.606.687 (2.0<S.58tl ' 77.608,201 48,541,668 10,780,280 48,308,000 13,131,358 g.494,439' tS18,668,568j 50.793.U1I »8«ll.41V>.'illfl[ ^•^ ,•<.>.-„)...,>-> 1884. . |P<r Oml (3»2,400,I66| ^4)38 1851,1611 (+1380 saesB^ssI -fso-i 87.7S7,810l lI.e04.84Sl 86,01-2,847 18,82-1,678 9.g90.&a3 (359.978,686' 49,lie,8»3| (6(19.090.594 .21rt.«fli>.428 +886 -9-4 +846 +8-4 +11 +61-* +8-4 jH1-7_ "+i4-3 SCyiKnd'gOet. so. IMiSl \PtrOm» (594.601.7Bt: -(ftS-IV (1.876.544)^ (+144-8) eS.fflS. 199; +31-1 8».910.a-S, 8.606.880 4O.«O8.0a« 11 AA'i OOl' ii.«e3.884: 0,300. ID4| 'tra8,«2«,«oi| 62,5aS.49T{ +81-0 -»» + 8-7 +iri +4»i (881,188, J8.497I +14-1 i«,90a! +^4ir7 ,8lWM1106t <-17-S * Jkstuuated on the baaie ol the laat weekij fMorBS.

November 7, 1885, Vol. 41, No. 1063 - St. Louis Fed · ttmtk HUNT'SMERCHANTS'MAGAZINE,' REPRESENTINGTHEINDUSTRIALANDCOMMERCIALINTERESTSOPTHEUNITEDSTATER VOL.41. SATURDAY,NOVEMBER

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Page 1: November 7, 1885, Vol. 41, No. 1063 - St. Louis Fed · ttmtk HUNT'SMERCHANTS'MAGAZINE,' REPRESENTINGTHEINDUSTRIALANDCOMMERCIALINTERESTSOPTHEUNITEDSTATER VOL.41. SATURDAY,NOVEMBER

ttmtkHUNT'S MERCHANTS' MAGAZINE,'

REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATER

VOL. 41. SATURDAY, NOVEMBER 7, 1885. NO. 1,063.

35He Chrottkle.Thk Commercial and Financial Chronicle is publis?ud in

New York every Biiturday morning.t Entered at tUe Post OIHce,New York, N. Y., aa second olaasmall matter.)

WtLI-IAMJOHN a

MB DiNA J^"'*'*'^™"- "ANA dc Co., PubllNhers,KLOVD f Tl» & 81 frilllain Street, NBW VOUK.

CLEARINO HOUSE RETURNS.Mainly on account of the abatement of speculation during

the week, but perhaps partially in consequence of the lessenedbusiness activity which immeiliatelv precede.s an election, theexchanges for the six days ending Octo^ier 31 record a declinefrom the two preceding weeks. The exhibit is nevertheless avery favorable (iue, and in comparison with the correspondingweek of 1884 (when the clearings showed a decided falling offdue to the disturbing influences accompanying the Presi-dential election), there is an increase in the total of 39 per cent.New York Stock Exchange share transactions for the weekreached a market value of |127,768,000, against f56,800,000for the same period a year ago.

they exhibit an increase over the same months a year ago o10 -4 per cent.

j

New York. ...

BohtonProvidence..,UartrordPiirllandWorceatprSprlni(flcld ...

Lowell

Oclnber.

I P. a.

Ttn Honlha.

3,188,740.190 3,370.SS0.12S|.t-84'S21.S94.rl61.aM93.SIl.(»1.0MI-lS-»

»«3,I2I.Ml!2a.MlB.liOO

4.4ia..'>17

3. lOD.MUi2,;i'ji,4a7l

2as,(H1.009 +lg-5 2,T70,72I,42Clo.«^^:^l3l|-\sl^.9 I72,lo».700«,254,0>)8 J-:l2-7:

4,471,SW +10;3,:e8,z«» +i.'<-4

»,iMl.H9ili +302.8*1,907 -0-4

IP. 01.

z.iTv.wi''. vy\ +8-S

10-46-2-3-10-»

Tot. N. BSag.! 388.000,81)4 889,400.184 +10-2 8.184,471,0861 8,051.118,521; +8-7

67.71)0.54 ^

S7,49l.4.'«|.'»l,«73,aK.i

30,086.722lti.880.a74

1

:il.:llv™j20..'>U4,Oa4

PhlladelPbla..I'lttsburgBaltimore

Wee* Bnding Ott. 31. Wttk SnMnt Oct. 24.

New YorkMUtot—

(,3tocla....ahaTes.)

(Cotton balfa.)

(Grain. . .biuheU)

(PetrnUum.bbls.)

BoetonProTidenoe.« ..

HartfordPortlandWorcesterSprinKtIeld

I.oweU

1993,814,387

(2.3,37.fl«»)

(5HS.700)

(37,306,000)

(84,662,000)

170,974.841

5,579,400

1,534,258

1,037,815

7»t,«64

713,723

408.83«!

1884.

(458,532,568

(888,448)

(477,000)

(22,795,200)

(83.0(15,000)

158,811,468

4,1118,700

1,173,465

1,023,973

808,300

653,389

456,011

Total N, England

Philadelphia...

PlttSbUTK

Baltimore

Total Middle..

ChicagoCincinnati ...

Milwaukee...Detroit

Indianapolis,

ClerelandColambUBP*orla

Total Weatem...

Bt. LoulaSt. JosephNew OrleansI.oa)sTllte

KanaasCltr '

Memphia

Total Sontbem..

Ban Francisco

Total all

Outside New York

(87,043,831

147,353.039

7,407.117

10.337,785

(67,423,308

(39,828,337

8,461,699

11,577,658

+51-6

+I63-1;

(+25-3>

(+63-7)

(+1-8)

+30-9

+240+80-7+1-4-1-6

+»8-10-3

Percent

(828,373,049 +38-9

(3,<'51.233)

(409,500)

(89,310,400)'

(133,771,00(1

(05,098,241

1

»4S,77I.241

8,212,250

4,105,872

2.948,221

1,377.473

2.142.899

l.SW,809

938,421

(69,882,186

(13,662.131

6:i5.970

10.760.103

S.863.U0i<

4.771,467

1,582.422

(33.276.008

(11,512,515

»Sfll,i 87,168

(1168,812,781

(39,867,094

(44,313.792

8.063,250

8,702,453

8,690.522

1,335,327

1,»'81,996

1,192,588

778,746

(64,137,618

(12,918,375

570.131

8,477,673

3,289,468

3,602.643

1,385,0091

+29-1

+18-9

-125-10-7

+8-7"

+0 6

+ 1-9

+10-9

+9 6+8-2

+ 13-9

+16-3

+20-6

(78,789.088 +2315,844,800 +35-31,580,438 +16-9

1,000.548 +2-1904.332 +14-3792.658 +5-8728,681 +9-3

(+02-7,

(+1I-4:

(+20-7)

f+6811

Tot.Mlddle.

fJhlcacoCincinnatiMilwaukee . ..

DetroitIndianapolis..Cleveland('olumbus. ...

Peoria

Tot. West..

St. LouisSt. .Joseph ....

New Orloan;"..LouisvilleKansas City...Memphia

Tot. South...

San Francisco.

Total all

Outside N.Y..

8311,905,761»2.7it.'>,9S|!

68,164,»^9|

321,836.674 303.»2'f,468| +6-1J 2,878.0»t7,7i8i 3,080,503,481+18^

808,2?0,082i+13ei 1,904,298,178. 2,I5il..S72..'«)6 ^11-437.4N«,H87|— 12-6! 2»-?,l05.890| ll)7.l«!X.162 —2H-8B7,«I»,44« -9-8 48i.l93,IMtI ,'V28.5irJ,l)53 -trS

2»I,770.«2;J'41.9 .2 .1-^5

1

I8,««i.22;14.591.49Hi8.033.S289,85H,lN2|8,305.282'4.431,202

204.712.8TB +14-7aH.7:W.0S0; +8-8'I6.:<.'«),7li7 +14-513,279,277 +9-95.888,1129.3»7,l<426,048,2rt34,a;9,:<64

336,877,2631 89'*,471,9(>3

6«,.'i32,735.3.123.586!

40.3«M.HOO19,467,4452.").085,«5a

0,5a5.715

$2-8+4-9+:•«+9-8

1,863,844,004361,8411,12514-,.VW.i'94

114,479,6406-^651,49183,641,6089lt,0mi,6!t7!

84,i80,8»l

+12J 8,718,207,:»7i 8,774,182.183

l,SR0,.-.7I.2<f: —!3-«.07><.70O. —4-8I4.'>,777,259 +8-0ll2.{i7X.il(0 +*1eD.im.W)' —121»87,1-20,910 —4938.il8i,.S3a( -»*87,310,095 -8-4

-8-0

63,474,9592.66M08 -

88,4'20.30016,21 1.:i81l+V0-I17.40n.42li4-«4-|5,60U,1W6 +19 8

+4-8+89-5+3-ol

683,828,98029,583,!lOS

2KI.7n2.9:'8(1 7'!.400.13318:<.fl-a*.023i

51..U0.503;

6.'«),79'<,03.1

89,971,7818i9.Sw0.3>-2

177.879.64;)144.343,10743,09-2,045

161,354,783:

31,609,656

i43,5.9,410+12 4

51,162,816 —4-7l

1,347,907.077.

465,738,911

1,403.163,083

462,504,178

4,419.431,38i|3,495,«56,!i»4'+8T3 31,939,778,719

1,-459.683,183 1,125,000,8691+11-910,344,917,383

37.290,582,808

I0.T7k',471,44e

-6-3—1-8-10*-o-»

4 19*

—I-I

-14-S

—i-0

(89,586,440

(58,848.616

8.218.998

10,758,160

(77,923,774

(49,821,481

9,510,650

8.707.038

3,145,122

1,315,820

2,837,001

1,857,740

905,760

+83-1

+35-8-5-4

-13-9

+20-3

+15-7+9-8

+1H-0

+ 10-3

•fO-3

+11-3+0-0

+132

Our coinpil ttion covering operations on the various New-York exchanges for the month of October and the ten montlMis as follows:

Oe«eri]>t<en.

(80.253.101

(13.365,680

+8-9

+5-8

+9-8+28-9

+17-5+3-2-4

+14-2

+16-6

—13-9

I

(693.6 '1,969| +390+14-4(285,069,401

(71,900,062

(15.226,821

718.544

10,S-2«,185

4,869,483

4,460,047

1,554,-284

(36.555.304

(10,978.617

(1,115,857.816

(286,884,187

+ 18-9

+5-0+26-2

+12-9

+370+4-4-7

+127

+14-8

+14-8

+31-6

Stock—Sh'r'sValue

RR. bonds...Gov't bonds.State tMinds.Bank Bt'M;ks.Petr'l'm.bblsCotton, bul 04Urain...bU8h

Total value

Par Valueitr Quantity

12.BW.490*U7«l>045<lil0l.«12,>i00

(1,215,000(4,6118,450

(I()-2,1I5-.

4O«.4«.'1.0OO

2,1 76,400184,182,665

ActualVnlue.

Aver'tjePrice.

: 693,848,483 59-3

'(74,S9I,«7l' 71-1

(1,467,6^5 117-9(I..577 ,925 27-8(llH.r.OU 114-2

Tm Sfonthg.

Par Valtitor QiMlutUy

ActualValue. Prltt.

64-S

(43). 127,1180(11)6,778.165(165335,841

1,477.539.341

108N(49 0790c.

«8.4'2S.W28' ,

i !»62:fl.ll«i 00 «.o-27ji4i.oeo' »4«l.n 2.-i'-.0 (387,7W.27» ««•*

»i2,<7o..':0o (ir.,'--—•-.s

(lO.xii^.ilSO f : ;

(sas.Srti)

8.835.500,1X10 2.w:\ r JOeI3.471.3il0, (811 40r.rt2j,s32«4

l.6a4.835,7)3;l,S4e.l8n,00.'> 8Se.

19.068.685.9101

+18 S

As our statcmfnts from week to week have indicated, the ex-changes for ihe monlhof Octoberreach avery large afrgregaie.In fact the total for the whole country exceeds that for thesame month of 1884 by |953,574,387, a gain of 27 3 per cent.The ten months c.l the present year exhibit a decline from thecorresponding peiiod of last year of 14-3 per cent, but out-Kide of New York the falling off reaches only 4 per cent.The imj.rovement in exchanges dates back to the first of July,and taking the figures for the four months since that time

Our telegraphic returns of exchanges for the five days areof an exceedingly satisfactory character. At New York,where the figures cover only four days, there is a consider.ibleincrease over the figures for the preceding five d lys and atthe other cities large g-iins are the rule. Compared with 1884the aggregate records an excess of 47-7 per cent, and with NewYork excluded the margin in favor of this year reaches 19*5

per cent.

New Yorkaalaof StMk (ika.)

BostonPhlladaiphto.. .

Baltimore.

C!hloaKO

St. Louis

New Orleans...

no* Day Eniing Sov. 6.

1885.

Total

Balance. Country*

Total all

OntsidA Vow T'lr)!

(640.606.687

(2.0<S.58tl' 77.608,201

48,541,668

10,780,280

48,308,000

13,131,358

g.494,439'

tS18,668,568j

50.793.U1I

»8«ll.41V>.'illfl[

^•^ ,•<.>.-„)...,>->

1884..

|P<r Oml

(3»2,400,I66| ^4)381851,1611 (+1380

saesB^ssI -fso-i

87.7S7,810l

lI.e04.84Sl

86,01-2,847

18,82-1,678

9.g90.&a3

(359.978,686'

49,lie,8»3|

(6(19.090.594

.21rt.«fli>.428

+886-9-4

+846+8-4

+11+61-*+8-4

jH1-7_"+i4-3

SCyiKnd'gOet. so.

IMiSl \PtrOm»

(594.601.7Bt: -(ftS-IV

(1.876.544)^ (+144-8)

eS.fflS. 199; +31-1

8».910.a-S,

8.606.880

4O.«O8.0a«11 AA'i OOl'ii.«e3.884:

0,300. ID4|

'tra8,«2«,«oi|

62,5aS.49T{

+81-0-»»

+ 8-7

+iri

+4»i

(881,188,

J8.497I +14-1

i«,90a! +^4ir7

,8lWM1106t <-17-S

* Jkstuuated on the baaie ol the laat weekij fMorBS.

Page 2: November 7, 1885, Vol. 41, No. 1063 - St. Louis Fed · ttmtk HUNT'SMERCHANTS'MAGAZINE,' REPRESENTINGTHEINDUSTRIALANDCOMMERCIALINTERESTSOPTHEUNITEDSTATER VOL.41. SATURDAY,NOVEMBER

506 THE CHRONICLE. [Vol. XLI.

THE FINANCIAL SITUATION.The tendency towards a closer market for money was

further developed this week, though the extreme fluctua-

tions for bankers' balances are not a measure of the

change, but evidence rather of manipulation which always

accompanies smaller reserves and a hardening in the rates.

The feature has been a rise on call at the Stock Exchange,

Wednesday, to 10 per cent, at which small amounts were

loaned. That is the highest figure touched since the last

week in June, 1884. In the present case, however, the

news of the flarry, which quickly spread, made the supply

BO abundant that loanable funds were soon oSeted at 2

per cent. In the meantime a few of the banks and at

least one banking house succeeded in placing round amountsat 6 and 7 per cent, thus making the average for the

day 4 per cent. On Thursday loans were renewed in the

morning at from 3 to 4 per cent, but in the afternoon the

supply became very plentiful, bringing the average for the

day down to 2| per cent. Yesterday the fluctuations

were less important, but the day's average was the same.

While the upward movement on Wednesday was, as

stated, exceptional and in a sense strictly artificial, it

should be remembered that such spasms are only possible

and accompany every occasion when money is growing in

activity, and to that extent, therefore, are a natural

symptom of the changing situation. Furthermore the

decided relief the market since then has experienced, is

also exceptional, due in good part to a special cause. It

seems that on Wednesday, under orders from Washing-ton, the Sub-Treasury transferred two million dollars in

legal tenders, and on Thursday transferred $2,145,000more, to our Clearing House banks in exchange for the

fractional silver the banks took from the Treasurer aboutthe 28th of July last. The total originally taken was$5,915,000, but the banks have since then drawn about$600,000 of the amount for the use of their customers, so

there seems to be something over a million dollars left

which will probably speedily be arranged, if it has notalready been. The importance as a relief to our moneymarket of this transaction is, that it made available thatamount of funds which, although under the ruling of theComptroller of the Currency was all the time counted in

the reserve, was not such an item as any conservativebank would freely loan upon, especially with countrybank deposits at their present high figures. It is to be eai I

further that the higher rates which have prevailed of late,

have tended to check in some measure the flow of moneyinto the interior, and that has also helped to relieve thegrowing urgency of the demand.

Our foreign exchange market has remained' quitefeatureless. The only new condition has been the upwardmovement in money in London, which has been watchedby our bankers quite closely and has made further pro-gress, the open market rate being now 2 per cent against1| per cent last week. This decided advance from a merenominal figure is in no degree due to a trade demand,but is explained by the statement that in lieu of advancingthe Bank minimum and thu3>eeking to check the outflowof gold which has been kept up for some time to theContinent, the Bank governors borrowed on consols theoSerings pressing on the market. This is of course a tem-porary expedient which may serve its purpose, but if not,will we presume be followed by an advance in the officialminimum, the open market being in a conditionnow to respond quite readily to such a movement. Thefeeling in London seems to be that in view of the criticalstate of affairs in the Balkan peninsula, of the higherrates for money on the Continent, and the low condition of

the gold reserve of the Bank of England, an advance in theofficial rate cannot long be safely delayed; this view hasdoubtless been reflected here, and has served to steady theExchange market the past week, our bankers not beingdisposed to sell liberally while these uncertainties con-

tinued. But as the Bank rate was not raised on Thursday,an easier feeling prevailed, and yesterday with a better

supply of bills rates for exchange were marked down one-half cent.

The payment this week to the banks by the Government,noted above, of over four million dollars, brings into boldrelief the remarkable change in the situation of the UnitedStates Treasury in the eight months of this administration

and especially since July last. This is so important afactor in any forecast of the future that too great prom-inence can scarcely be given to it. and the monthly figures

issued this week furnish the material for an estimate of

the work accomplished. The significant feature to benoticed is, how closely the character of the revenues hasresponded to the changes made in management, the

results quickly shaping themselves so as to conform withgreat exactness to the calculations of the officials insti-

tuting the changes. The Government's embarrassmentat the start was two-fold

; it could neither getsilver out nor keep it from coming in

; so

that the conversion of the Treasury assets into

silver wholly was only a question of time, per-

haps merely of a few months. Our readers know howthis situation was reached, but as the remedies used andthe results secured form such a simple, graphic illustration

of correct principles applied to currency derangement, wecannot help repeating the facts. The embarrassment grewout of the forced issue of silver certificates, tha't is payinga premium (the cost of exchange on some Southern, West-ern, or Eastern city) to any one who would deposit goldhere and take an order payable in certificates at such city.

By this means the Secretary of the Treasury had on thefirst of last January got into circulation of these certificates

a net of about 115 millions, and they were being turnedback on the Government to such an extent that over 41per cent of its entire revenue was being paid in them,thereby converting its assets into silver so rapidly that

there seemed no escape from silver payments. Therelief applied was first to stop this forced issue. Everyone could obtain silver certificates as readily as before

but the payment of the premiuaa, that is inducement for

taking them, was discontinued. Under that process the

amount outstanding has decreased each month, the total

being on the first of November about 9,3 millions net

against 115 millions on the first of January, while the

revenue has been changing until for two months now it

has become almost wholly gold again. We give belowour usual table of the kinds of currency our monthlycustoms receipts have been paid in at New York for

three years, which brings out all these facts clearly andforcibly.

MONTHLT BE0KIPT8 OF C08TOXS DITTIB8 AT NEW TOBK.

April

May

June,

1883

1884

1885

1883

1881

1886

1883

1884

1883

PAYMENTS MADE IS—

Sold.

Amount.

t996,000

244,000

91,000

386,000

312,000

69,000

445,000

800,000

86,000

11-0

2H0-9

4-8

3-4

0-8

3-8

810-7

V. S. Nota.

Amount.

f634,000

1,344,000

1,946,000

554.000

1,364,000

l,78i),000

045,000

8,002,000

3,811,000

P. Ct.

Oold CeHificata

6-9

13-7

19-6

6-8

14-7

18-8

6-9

21-3

333

ilmount.

t

6,085,000

5,5r3,000

3,813,000

5,074,000

4,331,000

4,087,000

9,466,000

3,784.000

3,07«,000

P. at.

6l5-0

5fl-7

33-3

62-2

46'tf

430

69-5

40-8

320

SUver Certijlc*9.

P.Ot.Amount.

t1,533,000

2,»43,0D0

4,120,000

8,131,000

3.285,000

3,565,000

2,765,000

3,^)48,000

3,276,000

17-1

27-0

41-3

96-2

35-3

80-3

39-4

S4-0

Page 3: November 7, 1885, Vol. 41, No. 1063 - St. Louis Fed · ttmtk HUNT'SMERCHANTS'MAGAZINE,' REPRESENTINGTHEINDUSTRIALANDCOMMERCIALINTERESTSOPTHEUNITEDSTATER VOL.41. SATURDAY,NOVEMBER

NOVEMBTO 7, 1885.J THE OHKONICLE 507

PATMRNTS MADB IH-

OoM. V. S. Ifota. OoM OvrtiMattt^ mv4r C«r«Ve'i.

.linvninl. P.O. imount. P. a Amount. P.Ct >4mount. P. 01.

jmr. 18RS

18W

•88a,000

S0«,000

«3,000

8-8

1-0

0-8

704.000

8,888.000

6.408.000

6-4

17-8

48-8

•11,678,000

0,818,000

8.488.000

70-8

48-8

888

t1,900.000

4.261.000

8,790,000

18188'4

838

A HIT., 188a

1884

1836

880,000

109,000

80,000

87180-8

SOI.000

8,4MI.fl00

0,0711,000

81lOB886

0,734,000

6,978,000

8,880,000

73848-7

478

8,888.000

4.104,000

1,747.000

ITO

13-8

Sspt.. I88S

1884

188D

886,000

193,1100

81.000

8*1-6

0-7

I

800.000

1 4,183,000

8,180.000

61S4-5

8Sl»

0,884,000

8,897,000

7,718,000

77-7

88-6

688

l,fl88,00o| 18'tl

8.704.000 31 -4

1.190,000 9-8

Oo«., 1888

1884

1886

847.000

183.000

86.000

8-0

1-8

0-8

606,000

4.3110.000

1.811.000

4842-8

19-9

8,808.000

8.468.000

1 7.889.000

76-8

237710

1.008.000

8.841.00)

1,816,000

18-4

88-8

11-8

That is to say, the foregoing shows, whereas last year

the revenues continued for the corresponding months to

bo a third or more in silver, and from that rising subse-

quently for one or two months to 42 per cent silver, this

year during the last three months (for not till then had

the new policy become effective) they have been, only

about 13 per cent silver in August, about 10 per cent in

September, and about 1 1 per cent in October.

But that was not the only change the Treasury Depart-

ment made. It also stopped issuing bills under five dol-

lars, so as to get its silver into active use. As the coin-

age of dollars at the rate of two to two and a half mil.

lions a month was all the time in progress, of course it

was desirable that that amount should be made available

and not be idle. Here also it has been equally successful in

reversing the current, having for the last two months

not only got out its entire silver coinage, but in the same

period actually further reduced its aggregate holdings o^

standard dollars and subsidary coin nearly 2 million dol-

lars. Now turning to the gold account which was and is

really the objective point (and in that we include legal

tenders as the equivalent of gold), it is found

that the net over and above the hundred

millions legal tender reserve, which was $39, .392,000 in

May, .$39,302,000 in June, and $35,760,000 in July, has

been gradually increased since the last mentioned date

until on the Ist of November it reached $69,888,000—j^nd

what does that mean ? It means an entire restoration of

public confidence in the ability of the Treasury Depart-

ment to sustain itself ; it means the removal of a fear

that was oppressing all our industries ; and it also affords,

as we have already stated, a most forcible illustration

of the wisdom and efiBcacy of sound principles applied to

currency issues.

With such a change in the financial condition of the Gov-

ernment, from a state of threatened repudiation to one of

complete security, it is no wonder that our people have be-

come trustful and gone to work again. This improvement

in our industries is getting to be more and more general, if we

may credit the reports"we are receiving. There has to be sure

been a decided lull in some departments during October,

but other trades have in the meantime shown greater life,

so altogether progress appears to be making, and if it is not

checked by some foolish action in Congress, there seems no

reason why it should not further develop. We have this week

prepared our monthly statement of clearings, which even

after making a fair estimate for, and deducting the transac-

tions of a purely speculative origin, still leaves legitimate

business represented by a very considerable increased move-

ment; and what is peculiarly favorable is that the increase

is a progressive one, not on'y in its comparison with last

year but also in its relation to previous months of this

year, as will be seen by a reference to the following, from

which it appears that while in August the exchanges were

2,9S4 millions, in Saptember thay were 3,112 millions and

in October as much as 4,449 millions.

MnnCi.Cltarln^ Tbtol 4U.

I88B.

JaonaiT' • • • 8,807.681.801

rcbroftry . .

.

8.780,878,888

Umtttt 8,H8S,804J»40

April 8.807,189.880

Mar >,o0ejMi,ega

8.070.494 400JuneJdI» 8.471.881,076

AUIUIt 8.B84.86i.677

September . 8.1 18.088.471

Oclotier. ... 4.449,481.881

1884.

4,8|M,8O0.7I8

4,019,676,768

8,S84.10I,(

PrOt

-eij7

Ctmrtin$ OtUtkU Ktm TaHi,

tat*.

4,a08.l98JIO4|-88'8

4.fi88,4S7,M8!-88 9S,40S,488.n>'<

lt,lB9.cini 1

8.IJH.1.IMiH,c ., .

8.088,3eO,NV7

8.490.868,994

1.1?"

-irt

"'1 2»,9«8J)8I

fitjm\j»it —'ifW.D 18.500 -10*

I«18-0

. .". f4f'.ao8l ytt.at'' -no..••88] -M'*'.•» -flI-8

Total 10 m'l 181.0811,778,710 87.800,688.6081-14 3! lU,3444<17.383'lD,779,471,44i8|~^^

Strength, buoyancy and great activity have also beenthe distinguishing features of our Stock Exchange mar-

kets the past week. There ha« been no let up in the

movement towards higher prices. On the contrary, each dayseems to add new xeat to the speculative fever. Taerehavebeen reactions, one of them very much in the nature of aslump, and yesterday there was some weakness at the

close, but the ardor of the operators for higher prices haa

not been dampened thereby. Among the special atimulanta

this week have been of course the meeting of the trunk

line presidents for the adoption of the new pooling agpree-

ment, and the ratification by New York Central stock-

holders of the lease of the West Shore road. The details

of the pooling arrangement were not fully known, but the

Street did not bother itself about that ; it was sufficient to

know that apparently there was a unanimous determin-

ation to let no obstacle stand in the way of a satisfactory

and lasting agreement.

The feature of the new arrangement to which we should

be inclined to ascribe most importance is the proposition

to make the trunk lines responsible for the action of their

Western connections. It is these Western connections

that have caused all the trouble heretofore. They would

cut rates, and the Eastern lines would be withoit

remedy. But it will be remembered that at

the previous meeting of the Presidents, the latter

part of September, when the advance in rates to gointo effect early in October was approved, very stringent

resolutions were passed pledging the roads not only to

maintain the tariff, but to refuse to pro-rate with any con-

necting road that should cut rates, even if the full amount

of the cut be borne by such connecting road itself. Such a

step was a necessary preliminary to any effective arrange-

ment for maintaining rates, and the trunk lines were also

forced to it in self-protection. Having this power, the

Eastern lines are now, it would seem, to be held account-

able for all transgressions of the Western lines. We need

hardly say that the connecting roads are to have representa-

tion on the Joint Committee, which will be made up of

their representatives and the members of the trunk line

Executive Committee, but great care apparently has been

taken to keep full control of the matter in the hands of

the trunk lines, for it is provided that in the event of a

failure of this Joint Committee to agree, the Executive

Committee alone shall decide on appeal.

It is not the trunk-line group of stocks, however, that

has been most prominent in the rise this week. It is

rather the stocks of roads in the Northwest. These have

shown remarkably favorable earnings for the last week of

October, and under that stimulus their shares have been

pushed up in a noteworthy manner. St, Paul was made

the special feature, and advanced to 95J, from 88^ at the

close the previous Friday, the close yesterday being 94|.

This road had quite large earnings in October last year, its

receipts then having increased $8,668 at a time when other

roads were falling materially behind, and now has the

large gain of $352,204 additional. With the rise in St.

Paul all the other^ranger stocks sympathized, though not

Page 4: November 7, 1885, Vol. 41, No. 1063 - St. Louis Fed · ttmtk HUNT'SMERCHANTS'MAGAZINE,' REPRESENTINGTHEINDUSTRIALANDCOMMERCIALINTERESTSOPTHEUNITEDSTATER VOL.41. SATURDAY,NOVEMBER

508 THE CHRONICLE. [Vol. XLI.

in the same degree. Union Pacific was also higher, on

reports of large purchases for foreign account. Manhat-

tan Elevated was aided by the announcement that some

new names were to go on its directory. Western Union,

after an early rise, suddenly developed great weakness, but

the course of that stock has latterly been very erratic, and

its fluctuations do not exert much influence on the general

range of values.

The following shows the receipts and shipments of gold

and currency by the New York banks during the week.

Week endlmi Nov. 0, 1885.

Currency.Gold

Total gold and legal tendera..

If. T. Banks.

tsio.ooo

1810,000

Shipped by

N. T. Banla.

11,100,000

tl,100.000

IfU Interior

Movement,

Loss.. 1200,000

Loss.. 1290,000

The above shows the actual changes in the bank hold-

ings 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 to the above, we have the

following, which should indicate the total loss to the New

York Clearing House banks of gold and currency for

the week covered by the bank statement to be issued to-day.

Week endlJig Nov. 6, 1885. Into Banla. Out 0/ Barika. Net Change in

Bank Holding.

Banks* Interior Movement, as above tsio.ooo

4.900,000

tl.100.000

5,400,000

Loss. t290,i)00

Ldss. SOJ,000

Total gold and legal tenders.... 15.710.000 t6.DO0.000 Lobs. t'DO.nOO

i#. The Bank of England reports a loss of £110,134 bul-

lion for the week. This represents £64.000 sent abroad

and £46,134 sent to the interior. The Bank of France

gained 4,410,000 francs gold and 1,073,000 francs silver,

and the Bank of Germany since the last return increased

3,800,000 marks. The following indicates the amount of

bullion in the principal European banks this week and at

the corresponding date last year.

Bank of England ......

Bank of FranceBank of Oenuany

Total this weekTotal prevloos week .

.

Xov 5, 1885.

ffoM.

£20,637.397

46,078,310

7.425.000

Silver.

43.772.524

22,275,000

74,140.913 dR,0t7,524

74,019,033,65.930,015

Nor. 6, 18»^4.

Bold.

£19,298,157

42,079,8006.839,7,iO

68,217,707

68,814,791

Silver.

41,111,670

20.520,230

61,631.920

61,558,572

The Assay Office paid .$77,319 through the Sub-Treasury

for domestic bullion during the week, and the Assistant

Treasurer received the following from the Custom House.

Duliet.

Oontitting of—DaU.

OoM.U.S.Note*.

Qold,

Oerliflc't.

Silver Oer

tifleate*.

Oct. 30•' 31

Nov. 2" 3.

8295.958 41

314.057 45308,376 01

$5003,500

5,000

Holi

$45,OiK>

74,00081,000

$209,000233.000176,000

$ll,0'l(.

43,00045,00i'

•' 4.

» 6.

511,650 20430,672 6 .

2.0J0

2,50075,000115.000

333,000245.000

50,0O

67,000

Total «1,R 0,714 67 $13.,"i00 $390,000 $1,246,000 $246,000

Included in the above payments were $8,500 in silvercoin, chiefly standard dollars.

THE REDUCTION OF THE PENNSYLVANIARAILROAD DIVIDEND.

The action of the Pennsylvania Railroad managementthis week, in reducing the semiannual dividend from 3

per cent to 2 per cent—that is, from 6 to 4 per cent perannum—will, we think, be everywhere commended.Though earnings thus far in the year have not been favor-

able, the financial position of the company is such that it

could unquestionably have continued the old rate of diatri-

bution. The temptation to do so is always strong. Pridein maintaining 6 per cent dividends, especially at a time

when other companies come down to merely nominal figures,

or else pass their dividends, naturally proves a strong

influence to resist. But the managers in this case

were evidently not amenable to such considerations, being

in their action governed by what they deem best for the

company's interests, regardless of sentimental considera-

tions.

That such a policy commands favor and inspires public

confidence is evident, too, from the way the reduction in

the dividend was received on our Stock E.^cchanges. The

event was unexpected, so when first announced, Monday

afternoon, it caused a sharp fall in the shares of the road

in the Philadelphia market, in which decline the NewYork market sympathized. On Wednesday, however,

(Tuesday having been election holiday), the tempo-

rary adverse eSects had already passed away, there was a

decided recovery, the New York market opened active

and higher, and the reduction was universally accepted as

only another proof of the caution and prudence with

which trunk-line people are conducting their affairs at

present. The same view apparently had been taken in

the London market, where so much of the Pennsylvania

stock is held, and the comparative equanimity with which

the occurrence was regarded there, imparted additional

strength to our own market, and increased the feeling of

confidence so generally entertained in the situation.

Time was—and it dates back only a few short months

when an event of this character would have been cited as

just one more circumstance indicating the inherent weak-

ness of things, and have precipitated a heavy and con-

tinuous decline in values. But the conditions have

changed, and perhaps also we are learning to look at

such matters in their proper light. In London, even

more than in the United States, it is beginning to be

understood that a period of depression represents not a

normal but an abnormal state of industries, that the

results of such a period must of necessity be poor, and

cannot therefore be accepted as a guide to what may b&

accomplished in good or even average periois. Moreover,

that at such unpropitious times when profits everywhera

are cut down to small dimensions the railroads cannot

be expected to stand alone ia keeping up the old

return on their capital, and that to reduce dividends

therefore as income diminishes, striving not to con-

ceal the presence of business prostration, but to

forestall its continued adverse effects and be pre-

pared to meet them, is the oaly wise course. It is the

companies that go on paying unearned dividends that give

occasion for distrust and uneasiness. This phase of the

matter has at last dawned upon the public mind, and

probably because it has, as well as because future pros-

pects have improved and railroad officials have apparently

determined that the waste of substance which for so long

has been going on as the result of reckless and continuous

wars of rates, shall be stopped, is it, that lower dividends

have lost their power as a depressing influence.

The reduction of dividends by the Pennsylvania

Railroad has been gradual. In both 1882 and

1883 it gave its stockholders 8^ per cent per annum,

not to speak of privileges to take at par the com-

pany's shares then selling at a premium. In 1884 th&

semi-annual dividend which in May had been 4 per cent

as usual, was in November reduced to 3 per cent, and thus

from an 8 per cent property the Pennsylvania took its

position as a G per cent stock, though owing to the 4 per

cent paid in May the actual distribution for the calendar

year 1884 was 7 per cent. The 3 per cent semi annual

dividend was continued in May of the present year, but

now this has given way to 2 per cent. Lender this latest

Page 5: November 7, 1885, Vol. 41, No. 1063 - St. Louis Fed · ttmtk HUNT'SMERCHANTS'MAGAZINE,' REPRESENTINGTHEINDUSTRIALANDCOMMERCIALINTERESTSOPTHEUNITEDSTATER VOL.41. SATURDAY,NOVEMBER

NOTEMD£R 7, 188I5.J THE CHRONICLE. .5(9

»^

change tite dividend for 1885 will amount to 5 per cent,'

tkough on the basis of 2 per cont semiannaally the rate

per year will of course be only 4 per cent.

It is interesting to note how, one by one, forced either

by necessity or impelled by prudential reasons, the

leading Kastern trunk lines have been obliged to lower

dividends or pass them altogether. The Michigan Central

and the Canada Southern were the first to suspend ; the

Lake Shore followed somewhat later, after having first

reduced its rate from a basis of 8 per cent to G per cent.

The New York Central, the staunchest of the Vanderbilts,

and whose local traffic the West Shore sought to secure,

came down from "2 per cent quarterly, first to \} per cent^

then to 1 per cent, and now has paid two dividends of

only one-half of one per cent. The Erie has of course

long since discontinued the dividend on its preferred

stock, and is besides in default on three coupons of

the second consols. The Delaware Lackawanna &"Western last month made its quarterly dividend

1 J per

cent, instead of 2 par cent as heretofore. The Pennsyl-

vania, as already said, has reduced to 2 per cent semi-

annually. Only the Baltimore & Ohio among the trunk

lines remains paying the old rate, which in its case is ten

per cent per annum, but here the capital is very small

less than 15 millions—while that of both the Pennsylvania

and the New York Central is six times as much.

Some of our readers will want to know what the posi-

tion of the Pennsylvania road will be on the basis of the

reduced dividends now declared, so it may be worth

while to devote a little space to that part of the subject.

Of course, in the case of such a large system it is mani-

festly impossible to cover the multiplicity of minor items

that may aSect the main result. These are not within

the range of our information, and if they were it would

merely confuse things to introduce them, while the prob-

ability is that the changes on one side would in great

measure simply counterbalance those on the other. Weshall confine ourselves therefore to the larger and more

superficial items in which material alterations are apparent.

Foremost among these is the heavy decrease in net earn

ings that the monthly statements show to have taken

place in the first nine months of the year. This decrease

amounts to $2,321,289 on the Eistern lines, and to $626,-

059 on the Western lines. The company has always fol-

lowed the plan of treating the Western lines separately,

and we shall follow the same plan here, referring to the

result on these lines again further on.

With a loss of $2,321,289 on the nine months" opera-

tions—that is, compared with the same period in the pre-

vious year—the question occurs, of course, what will b-,

the result for the remaining three months. We hold to

the opinion that in these three months there will be no

further loss, but rather a gain, and for three reasons: (1)

It is only recently that the efforts at economy have begun

to yield fruit, and the net for September as a consequence

showed tne first gain in thirteen months. (2) The active

endeavors to enforce higher rates date from the beginning

of October, that is, from the beginning of this three months

period. (3) In these same three months last year the ex-

hibit was unusually poor, and net on the Eastern system

then decreased $761,912 from the total of the previous

year. It would seem safe to conclude that part of this loss

will be recovered, and estimating this roughly at half a

million, the decrease of $2,32 1,289 above would be reduced

to about 11,821,000. But during the year the company

put out the remaining four millions of the 4^ per cent

collateral trust bonds, and this would call for au increase

of $180,000 in the interest account for the year, which

added to the $1,821,000 loss in earnings would give a total

Ion of t2,001,000. For the Soath PenniylvanU parohaMrecent testimony showed the company iuned $.^,000,000

of 3 per cent Bedford & Bridgeport delxinture bonds, batthe interest on these we may auppoee will not oount in the

present year. The income from the va«t amount of leea-

rities which the Pennsylvania holds, is an item almoet uimportant as the net earnings from traffic operationa.

This income comprises agreat variety of receipu, and mayvary either in the one direction or the other. In the

absence of definite information it is perhaps best to con-

sider it unchanged from last year.

Starting with this loss of two millions, what are the

offsetting items on the other side of the account ? In

1884 the dividend was 7 per cent and the amount paid

out for the same $6,560,787 ; in the present year the

dividend will be only 5 per cent and the amount required

$4,738,892. Thus there will be a saving to the companyof $1,821,895. But besides this, the trust agreement of

October 9, 1878. has been so far modified that instead of a

fixed annual requirement on that account (in the nature

of a sinking fund) of $600,000 per annum, the amoiutwill hereafter be limited to " one per cent of the net

income of the company before payment of dividend to the

shareholders," which on the basis of the 1884 operations

would have called for only $86,000. With smaller net in

1885, the call is not likely to be larger, and hence there

will be a saving here of $514,000, to be added to the

saving of $1,821,895 on the reduction in the dividends,

making a total saving of $2,335,895. The loss from earn-

ings and increased charges we found to be about two

million dollars, so that the net saving would be over

$300,000. As on the 1884 operations the company had a

surplus of $1,440,425, it follows that on tiiis basis there

would remam on the 1885 operations a surplus of IJ mil-

lions. Recapitulating, here is the result in tabular form.

Surplus In 18''4 almve all charK(>« and 7 per cent diTidendH.. $l,tl0,i25

Savliift of 2 per cent la dividends In 1885 $l,S21,89o

Saving on trast agreement of Oct. 9, 1878 S 4 ,000

$2,3jS.81>iLoHs In net eamlngfi nine montbs.... $2,320,000

Gstlmated gain last three monibs 500,000

Net loss 81,820,000

Increased Intereet 180 000

Total $-2.000.00J—2,000,000— 335,895

Surplus for 1885 above 5 per cent dividends $1,776,000

The above is not presented with an idea of furnishing an

accurate forecast of the year's result, but simply to a£ford

an approximate indicuion of the position of the road under

the lower dividends and other recent changes. If the in-

come from securities should prove less than last year, to

that extent would the above surplus be diminished. In

like manner would it be diminished if the estimated gain

in net during the remainder of the year should be reduced

below $500,000. On the other hand, if either item

should be greater, so also would the surplus given.

The accoun'-s for the Western system, as already stated,

are kept separately, but the two systems are so closely

bound together tiat it seems the result on the Western

should also be taken into consideration. To ihe extent that

the dividends on the Pennsylvania Company stock (all the

shares of which are held by the Pennsylvauia Ridroad)

no longer appear in the income from investmeuta, the

result of the Western system is already included, bat any

deficiency on that system below the amount needed to

meet its own charges is not so represented. In 1884 there

was a deficiency of this kind of $861,891, Thus far in

1885 the deficiency is $1,287,918, or $600,000 more than

in the same nine months of the preceding year. There" is

a probability that the remaining three months will give a

better result. But at any rate the margin of surplus

Page 6: November 7, 1885, Vol. 41, No. 1063 - St. Louis Fed · ttmtk HUNT'SMERCHANTS'MAGAZINE,' REPRESENTINGTHEINDUSTRIALANDCOMMERCIALINTERESTSOPTHEUNITEDSTATER VOL.41. SATURDAY,NOVEMBER

510 THE CHRONICLE. [Vol. XLI.

above on the Eastern lines is ample to take care of the

whole amount of the deficiency, even if the increase of

^600,000 shown to date in it is not reduced. The dispo-

sition among the Pennsylvania officials, however, is to let

these Western lines stand all by themselves, and not com-

bine them with the Eastern lines.

COTTON CONSUMPTION AND OVERLANDMOVEMENT TO NOVEMBER 1.

"We present our readers to-day the usual statements of

overland movement, receipts, exports, spinners' takings,

&c., bringing the figures down to the first of November,

and embracing the first two months of the cotton crop

season in the years 1885, 1884 and 1883.

OVEBLAND MOVEMENT TO NOVEMBER 1.

There has been a very free movement of cotton by rail

during October, the gross shipments reaching the large

total of 159,538 bales and exceeding by 48,447 bales

those for the corresponding month of 1884, while in com-

parison with October 1883 the increase is 38,894 bales.

The shipments via St. Louis and over the Illinois Central

and Jeffersonville Madison & Indianapolis railroads

continue to show large gains over preceding seasons, but

on the other hand the Cairo & Vincennes records a

further falling off. The net movement also exhibits a

substantial increase in comparison with former years, the

total for October being 120,246 bales, against 85,883 bales

for the same month last year and 107,624 bales in 1883,

the excess over the former reaching 34,363 bales and

over the latter 12,622 bales. For the season to Novem-ber 1 in the three years the details are as follows :

OVERLAND FROM SEPTEMBER 1 TO NOVEMBER 1.

Blnce Seplember 1 Shipped—Prom St. Louis

Over Illinois Central

OverCaJro & VincennesOver the Mississippi Riyer, above St. L.

Over Evansville & Terra HauteOver Jeffersonville Mad. & IndianapolisOver OMo <fe Slississippi BranchOver Louisville Cincinnati & LexingtonReceipts at Cincinnati by Ohio Elver. .

.

Receipts at Cincinnati by Cin. South'ruOver other routes

Shipped to mills, not Included above..

Total gross overlandDeduct—

Receipts overland at N.Y., Bo8ton,&o.Shipments between (or South from)Western interior towns

Shivmenls inland and Southern Spin-ners' Takings (not otherwise de-

ducted) from—GalvestonNew Orleans

MobileSavannahCharleston

North Carolina portsVirginia port«

Total to be deducted

Leaving total net overland*

1885.

77,518

38,8449,562

5,008

8,039

12,022

1,408

7,845

3,148|

11,613

12,074

743

1884.

187,844

7,573

19,573

2361,546

3,275

1971,248

152888

41.20618,54*<

29,895

5,063

8,817

4,932

2,10el

6,496

837.665

9,328

357

134,505

23,919

6,211

1883.

40,642

10,116

21,26017,557

1,897

4575,988

18,193

2,709

12,783

12,380

869

7653,008163769170

1,226

34,688

153,156

36,231

98,274

144,849

14,338

614

2,931

5

102

17,990

126,859

* This total includes shipments to Canada by raU, which sinceSeptember 1, in 1885 amount to 3,014 bales, in 1884 were 2,764bales, and in 1883 were 5,923 bales.

BECEIPTS, EXPORTS AND SPINNEBS' TAKINGS.

Eeceipts at the ports during the month have been less

than during October last year, but exhibit a small excessover the month of 1883. For the two months toNovember 1, however, there is an increase over bothyears, but in comparison with 1884 it reaches only 5,436bales, while the gain over 1883 is 51,362 bales. Theforeign exports, on account of the full movement duringthe closing week, were a little larger in October, 1885,than in either of the two preceding years, the month's

total being 590,016 bales, against 548,150 bales in 1884

and 478,054 bales in 1883; for the season to November 1

the excess over last year is 37,373 bales, and over 1883

reaches 100,288 bales. This export movement for the

week ending October 30 also encroached very materially

upon the stocks at the ports, so that combined with the

interior towns the total stocks are slightly less than onNovember 1, 1884. Below we give our usual table of

receipts, exports and stocks.

Movement from Receipta Receipts EXPORTS SINOB SEPT. 1, 1885, TO-Sept. 1, 1885 to Stocks

Nov. I. 18t6. Sept. 1, Sept. 1, OreatPrance. Conti-

Total Nov. I.

1885. 1884. BHtain' nent.

GaJveston 866,353 205,948 49,754 4,147 20,604 71,605 104,283Indlanola, Ac 781 6,691

New Orleans

846,884 328,726 82,603 35,231 51,557 160,398 184,833Mobile 51970 57.012

14,08518,858

3Florida. 10.861

Savannah ....... 308.113 307.146 38,0S9 5,100 72,503 115,692 91304Brunswick, 4c. 5,61i 4,910

Ctiarleston 196,840 220,357 29,015 15,IC1 45,893 90,009 71,303Port RoyaI,4c. 1,984 796 327

Wilmington 44,539 41,486 17,855 9,100 26,753 18,388Moreh'd C, &c. 1,25.'! 8,011

Norfolk 131 244 148,250

74,540

36,1';S

4,958

30,178

10,302

25,683

41WestPolnt.&c. 78,1) ?9 5,850

Maw York 2,778 1,736 87,336 8,466 88,158 133,958 107,424B0St03 494 16 733 18 465 315

8,560

16,780

28,938

6,810

11,886Baltimore 2,019 8„9 19,388

Phlladelphta.&c. 8,882 5,211 8,435 400 8,835 4,386

Total 1885 1,441,886 388,869 68,048 847,428 702,345 618,188

Total 18S* 1.435,830 445,088 88.468 191,429 664,S72 688,283

Total 1883 1,389,904 881,978 103,141 236,940 602,057 737,952

• Oreat Britain exports include to ttie Channel.

Using the facts disclosed by the foregoing statements,

we shall find that the portion of the crop which has i-eached

a market through the outports and overland, and the

Southern consumption since September 1, this year andthe two previous years, is as follows.

Receipts at the ports to Nov. 1 bales.Net shipmeu ts overland durmg same time

Total receipts bales.Southern oonsumption since September 1.

Total to November 1 bales.

1885. 1884.

1,411,266 1,435, «3ii153,156 98,274

1,594,422 1,534,10160,000, 50,000

1,654,4221,584,104

1883.

1,389,904126,859

1,516,76339,000

1,575,763

The amount of cotton marketed since Sept. 1 in 1885

is thus seen to be 70,318 bales more than in 1884 and

78,659 bales more than in 1883. To determine the portion

which has gone into the hands of Northern spinners during

the same period, we have prepared the following.

Total receipts to November 1, 1885, as above bales. 1,654,422Stock on hand commencement of year (Sept. 1, 1883)—AtNorthem ports •... 108,225At Southern ports 21,314 —129,539At Northern interior markets 2,882— 132,421

Total supply to November 1, 1885 1,786,843Of this supply there has been exported

to foreign ports since Sept. 1, 1885. 702,345Less foreign cotton Included... bales. 776— 701,569Sent to Canada direct from West 3,014Burnt North and South 683

Stock on hand end of month (Nov. 1, 1885)—AtNorthem ports bales. 129,406At Southern ports 488,782—At Northern Ulterior markets

Total talclngs by spinners since September 1, 1885. .bales

Taken by Southern spinners

Taken by Northern spinners since September 1, 1885Taken by Northern spinners same time in 1884

618,1884,478—1,327,937

458,90660,00 J

398,906297,475

Increase in takings by Northern spinners this year..., 101,431

The above indicates that Northern spinners had up to

November 1 taken 398,906 bales, an increase over the

corresponding period of 1884 of 101,431 bales and an

excess over the same period of 1883 of 5,112 bales.

AMOCNT OF OBOP NOW IN SIGHT.

In the foregoing we have the number of bales which

has already been marketed this year and the two previous

seasons. An additional fact of interest__is the total of the

crop which was in sight on November_l, compared with

previous years. We reach that point by^adding to the

Page 7: November 7, 1885, Vol. 41, No. 1063 - St. Louis Fed · ttmtk HUNT'SMERCHANTS'MAGAZINE,' REPRESENTINGTHEINDUSTRIALANDCOMMERCIALINTERESTSOPTHEUNITEDSTATER VOL.41. SATURDAY,NOVEMBER

NovKMnER 7, 1885.J THE CHRONICLE. 511

above the stock remaining at that date at the interior

towns, loss stock held by them at the beginning of the

season. In this manner wo find the result for three years

on November 1 to be as follows.

Total innrkoted, aa above bales.Interior Dluoka In exoeMotSept. 1

Total In siRht bales.

1883.

1,664,42a192,000

1,S4B,422

1884.

1,584.104138,843

1.722.947

1883.

1,575,768200,000

1,775,763

TJiis indicates tliat the movement up to November 1 of

the present year is 123,475 bales more than in 1884 and

70,650 bales greater tlian in 1883.

As it will interest the reader to see what has come into

sight each month of the season during this and previous

years, wo have prepared the following, which shows the

movement for tho last three seasons.

Months. 1845. 1884. 1883.

485,552

1,360,870

413,836

1,309,111

450,047October ..'...., 1,325,716

Total 2 montlia 1.846,422 1,732,017 1,775.763

WEIOHT OF BALES.

To furnish a more exact measure of the receipts up to

November 1, we give below our usual table of tho weight

of bales. "We give for comparison the figures for the same

time in the two previous years.

Same SameTwo Months Ending Nov. 1, 1885. peri'd in peri'd in

1881. 1883.

Number of Wetghl in Averof/e Average AverageSalts. Pounds. Weight. Weight. Weight.

Texas 267,134 140,557,896 52617 521-53 513-36Lonislana 346.8S4 171,707,580 49500 48100 476-00Alabama 51,970 27,021,400 52000 500 00 495-00Georgia* 318,886 159,014,392 498-75 478-63 476-75

South Carolina. 193,804 «S,010,372 49300 479-00 478-00Virginia 204,223 97,618.594 47800 47058 477-00North Carolina. 45,792 22,071.744 482-00 430-00 478 31Tennee8ee,dco.. 220,729 109.218,916 494-81 498-00

436-44

49400

Total 1,654,422 825,253.894 193-81 48506* Inoladlng Florida.

It -will be noticed that the movement up to November 1

shows an increase in the average weight as compared with

the same period of last year, the average this year being

498-81 lbs. per bale, against 486-44 lbs. per Dale in 1884,

485-06 lbs. in 1883 and 496-25 lbs. for the same time

in 1882.

THE COTTON GOODS TEADE IN OCTOBER.

As a whole the market for staple cotton goods at the im.

portant centreswas very quiet during the month, and somede.

scriptions have been hardly as firm as during previous weeks

Brown sheetings were in good demand by converters, but

jobbers bought sparingly, and Southern brands are easier,

while Eastern makes are nominally unchanged. Bleached

and colored cottons ruled quiet, but such makes as govern

the market continued steady in price; and stocks, though

sufficient for the present requirements of the trade, are byno means redundant. Light cotton fabrics, as white

goods, curtain materials, &c., were in good demand for

the spring trade. Print cloths were active at times, and

there was a sharp but manipulated advance in prices

towards the close of the month, a purchase having been

made on the 31st ultimo (for an object) of 1,000 pieces at

3^.; the real quotation was (late on that day) 3|c. plus

1 per cent. Manufacturers and speculators hold smaller

stocks of print cloths now than at the same time in 1884,

and the excess over 1883 is slight. The stocks held Octo-

ber 31 this year reach about 762,000 pieces, against

about 1,000,000 pieces at the end of .September. Thestock November 1, 1884, was 1,186,000 pieces, and at the

same time in 1883 reached 721,000 pieces.

OCTOSCII.

1.s.s,4.6.6.7.8.9.10.II.12.18.U.16.16.17.18.19.30.21.23.33.34.35.26.27.38..29.80.81.,

188S.

OMrii'lV<n<-tote

I

ingmid- letolhs,

iUtng.\(H»iH

9%

9H

as

9\It's

9%0>f

949>«

SI'"

9''|«

9^

9>4»•«9'*

1 3-OJ3-093-00..B...8-063063 083 068-ue306. B...3-068-04304804301304.8...3043-043-013-043043-01.8...3-128-123123123 123-25

•laml-ani.

mid-dling.

1884.

OoWHjtiitl-tow

0%

8%

B>>l*

gji.

»»1S

OH9>*9iiOHOH

OH

9>l

OH

etodis,

04*04

819SIRS-19810..8...3193178-173 103 123' 12..8..,3-133-138- 133-123128 12..8...3-138133123-138-133-13.8..3-123-133128-13312

iland-ard.

7««

V*7«47'4

7'«7'«IH7»«7'47'«

7'«7I«

7H7>47>47«4

^H

T*Z**7'47<«

Yh

7H7U

18BS.

Oatrnlorn

mtd-dUng

I0I«t0l«IOI«I01«104IO»li

I0>410^lOH10%'?>io»„

ioii'I0»i«10»„io»„io»„101,,

!0»I«10»„10>4I0>410>4lovi

iom"'KIVi

10»i«

eloXt,

3-678-«78-68S-M8-05. 8...

3-a.>3-673<IB3-6936B3-(».. B...3-898693-893-693-693-09,.B...3-693-693-693 693-0O369. 8...

3693-63363

7%

?i

Yh'

7%

7%7*7H7%7%7h

Yh"7H7%

The above prices are—For ootton, low middling upland at New York;for printing cloths, minafactorers' prices ;'^or sheetings, agents' prloe*which are suliiJeot to an average discount of 5 per cent.

FINANCIAL JIBVIEW OF OCTOBER.

The city bank surplus declined materially in October,

and the loans increased. On the 3d of the month the

surplus reserve above the legal requirement was $41,499,-

200, and the loans were $330,759,300 ; on the 31st the

surplus reserve had declined to $23,432,000, and the

loans had increased to $344,360,800. The rates for

money, however, changed but little, notwithstanding the

great activity in the stock market, and the outside quota-

tion for call loans to stock brokers was 4 per cent, the

range on all classes of call loans being 1^ to 4 per cent.

For money at the banks, on time loans, to their ordinary

customers, the rates were higher, and about 5 per cent

was the rate for much of this class of business.

The activity at the Stock Exchange was the all-absorb-

ing topic in financial circles, and the nature of the move-

ment was well described in the Chrovicle of October 17,

viz. :" It is safe to say that the persistent buoyancy and

generally confident tone have not been matched in the

past two years—perhaps not since the disastrous 2d of

July, 1881. The important feature of the present move-

ment, in which it differs from the temporary spurts which

have so frequently been witnessed, consists in its broad-

ness ; that is, the buyers and the believers in the advance

comprise not only the strong operators of the Street, with

their following, but also a greater number of outside

investors and conservative speculators than have been in

the market at one time during the past two or three

years." The situation did not afterward materially change,

and the strength of the market was well maintained till

the close, some stocks selling at their best prices on Sat-

urday, the 31st, when the strong and confident feeling

was still prevalent.

The matters which bore upon the actual values of stocks

were rather the different negotiations pending or prot-

pective, than actual events which took place. The trunk

line agreement made gooi progress, with every prospect

of establishing a strong money pool. The status of afiaii*

between the Pennsylvania, Baltimore k Ohio, Jersey Cen-

tral, and Reading, was not definitely known, and the

activity of the two last-named was variously attrib-

uted to buying for the Vanderbilt or the Baltimore

& Ohio interest. St. Paul stock was poshed up by

the powerful Chicago clique, led by Mr. Armour.

Page 8: November 7, 1885, Vol. 41, No. 1063 - St. Louis Fed · ttmtk HUNT'SMERCHANTS'MAGAZINE,' REPRESENTINGTHEINDUSTRIALANDCOMMERCIALINTERESTSOPTHEUNITEDSTATER VOL.41. SATURDAY,NOVEMBER

612 THE CHRONICLE! [Vol. XLI.

The New York & New England stock advanced at

one time to 31, on reports of a probable control by the

New York & New Haven Company; but the subscription

to the $2,000,000 preferred stock by the stockholders was

not successful, only about $600,000 being taken condi-

tionally. The reported placing of a new loan on its dock

property (said to be for $7,000,000, including the old bonds

and stock) was the occasion for the rise in Erie, together

with rumors of paying or funding back coupons on the

2d consol. bonds. A new agreement between Lake Shore

or New York Central and the C. C. C. & I. Railroad

caused a sharp rise in that and in Alton & Terre Haute.

Western Union Telegraph was strong on short covering

about the middle of the month, and, later, on the reports

of an agreement with Baltimore & Ohio to advance rates.

Thus it appears that nearly all of the good things

reported were in embryo, and few had become accom-

plished facts.

The foreign exchange market was comparatively inac-

tive and did not fluctuate greatly during the month, prices

at the close being only about one-half cent lower than at the

opening. The shipments of cotton and grain were not

particularly satisfactory.

The following summary shows the condition of the NewYork City Clearing-IIouse banks, rates of foreign exchangeand prices of leading securities and articles of merchan-

dise, on or about the 1st of November, 1883, 1884 and

1885.

STATISTICAL SUMHART ON OK ABOUT NOV. 1, 1883. 1884 AND 1885.

New York Oily Banks—Loans and discountsSpecieCirculationKet depositsLegal tenders

Legal reserve,

Keserve lield

Surplus reserveHomy, Exchange, Silver—Call loansPrime paper, sixty daysSilver In London, perozPrime sterling bills, 60 days

Vnited States lionds—- 38, registered, option U. S . ..

68, currency, 18984'«s, 1891, coupon4a of 1907, coupon

Railroad Stocks—New York Central & Hud. Rlv.Erie (N. Y. L. E. & W.)Lake Shore & Mich. SoutliemMichigan CentralClilcago Rock Island & Pacificniiuois CentralChicago & Northwestern, com.Chicago Milw. & St. Paul, com.Delaware Lack. & Western . .

.

Ceutral of New JerseyMerchandise—Cotton, Middl'g Uplands.V lb.

Wool, American XX % ft.

Iron, Amer. pig, No. L.^g ton.Steel rails at millsWheat, No. 2 red win.^ bushCom, West. mix.No. 2. § bush.Pork, mesa i^ bbl.

1883.

323.554,60052,352,60015,417,300

307,386,90025,181,60076,816,7257 7.53),200

1884,

687,475

2«35»«a6501»i6d,4S2

100 "4

136114\122

13128%98=891

I20I4129 141223897=8

1158438

lO^fl32941

20 50921 .50

37 OU108-1 O3I357i2»57Sl41150117S

291,724,10077,430,10012,985,300

315,989.40032,838,70078.997,350

110,2n8.800

31,271,15u

1»«®3536SOIifld.4 80

100J8

132lisag121''8

8538131465 'a54

lioie1138675i«

1031940'8

O's35®36

19 50® 20 5028 008(29 008«®86J453i4t54%

16 50

1885.

344.3fiO,80097,034,2009,992,400

384,479,20027,517,600

96,119,WO124.551.800

2tf,432,OuO

2®3ia434>a47 38

4 84d.

10358134^11338123'8

10422''8

8475 »i

1241s135111388978

I21I947 19

9i«

3333518 00318 50

310094

53\®54ia9 80310 00

The closing prices for the leading Government securities

on every day of the month of October are given in thetable below,

CLOSIXa PRICES 0» OOTEKNMENT SBCUSITIES IK OCTOBER, 1835.

October.41*.,1891,coup.

4i,1907,coup.

3.,opl'nTt. S.reg.

x03>s

6a,Our.,1898,reg.

October.

4i*>,

1891,coup.

is,1907,coup.

3»,

rtg.

6»,Our.,1898,reg.

123 il2ii

X 192021

123%123%

10378

6 \22\122!ll122%

2223.

123%123781237,

IO3081031*1031a

67 103^

2425

11314

ii258

ii2''8

..8...

12276122'e1231a

10308

103%l(3'e103'g104

134 2627 124

124

1237;124

t22%12-1122S8124

103 H,

5?:::::::::18

28 113132930

13 31

JJ::::::::: OpenfflKhLowClos

U2J2113121121sI13>s

x03is104103 >s

IO319

J?^U3 134

134

v„ .. 8..131134

The following table will show the lowest, highest andclosing prices of railway and miscellaneous stocks at theNew York Stock Exchange during the mouths ofSeptember and October, 1885.

RANQB OP STOCKS IN SEPTEMBER AND OCTOBER.. September. . . October. ,

Closi-"^ Lou- Blah- Olosing Low- High- Olos'aRailroads. A.ug.tl. est. est. Sept. 30. eat. • - -

Albany cfe Su.')(iaeh'.a ISO'sAtchison rou.& 8. Fe ..'".." 71is

est. Oct. 31.ISO's

Atlantic &. Paclti.

Bost.&N.Y.AirL. pf 95 97Burl. Cedar R. IB No 60 60 'iiO

'

Canadian Piiciflo 45 45 46Canada Southern 36I4 35 SSI's 37'iaCedar Falls & Minn .13Central Iowa 10 16Central of N. Jersey. 4S7g 3933 5Q "ioigCeutral Paeliio 3373 35^ 391, 371^

8%916045371479103i>%3618

Churlotte C0I.& Aug " 30Ches A Ohio

Do Istpref.Do 2d pref

Chicago A Alton 132Chic. Burl. * (Juincy. Sl.JOChic. Mil. & St. Paul. 77is

Do pret. 112Chlo. & Northwest...

Do pref.Chlo. & Rook Island .

.

Chic. St. L. A Pittsb.Do pref.

Chic. St.P. Minn.A O.Do pref.

Cin. San. A ClevClev. Col. Cin. A Ind.

7>a... 13

81311261a7458

5107%94%

laOHl 5124%II914 1171s

6%1134

99

11%

313890%

112229 la

877a

7% *7i3

14 *13'481a *8 8

1331a 13215130 128% 12S7,80ia §7.58 —114'4 §107%991a 9933"" "129

lisia•1125 14337834 16

131120 I

117g25 >s34 1494

38 47 13

75 '81079-) "a12SisII8I411%25383393>fl

281s4713

Clev. A Pittsb., guar 140Col. A Greeuv., pref 38Col. H»ck.V,il. A Tol. 20 19DeLLaok. AWest'm. 101% 97Denver A R. Grande lOis 1014Dubuque A SlouxC. 65 59East Tenn. Va. A Ga. 5% 553

Do pref. 9 9Eliza. Lex. A Big SKvansville A T. H ."1213

Ft.Worth A Denv. C 19Green B. Win.A St. P 5Harlem 203

Do prafHoust. A Tex. Ceut 29Qllnols Central 5129% ISOijDo L'sed Llnelp.o 90

IndianaBl. AW 12ia 11%

41 3820% 20%

104-8 5102%146361a

lOia

ISis5969=8

557211a5%

203

'32"'

'556

51^

3i19102 la

12185961a91a

56205

2052053132

1321a isiia90 911814% 131a 13%

Joliet A Chicago 150Keukuk A D. Moines

Do prefLake Erie A West. . . . 8LakeShore 7II4lx)ng Island 75

8

7I9671473

91a743875

91a741473

829 139I8

73)473

Louisiana A Mo. Rlv igijLouisville A Nashv.. 4414 43 46:>ii issg 44Loulsv. N. A. A Chic 30 35 Ai 32Manhattan, consol... 99is 59913 10078 5100% 100Manhattan Beach Co IO14 Ilia Ilia lOiaMemphis A Gha'ston. SBia 34 38 S3Michigan Central 62 61ia 67 667a «,iitMilw. L. 8h. A West 16

Do prefMluneapoUs A St. L.. 1778

Do pref. 38 14Ho. Kans. A Texas . . 23 33Missouri Pacitlc 9273Mobile A Ohio 12isMorris A EssexNashv.Chatt.&St. L.N. Y. Cent. A Hud. R.N.Y.Chlc. A St.Loui8.

Do vref.H.Y. Lack. A West ..

N. Y. Lake Erie A W.Do pref.

N. Y. A New Engl'd.N.Y.N.H.AHartf'rd ....." 192N. Y. Ontario AW... 13ia 12isN. Y. Susii. A West . . 5

Do prefNorfolk A Western

Do prefKorthem Paoiilo 20^8

Do pref. 47 18Ohio CentralOhio A Mississippi. .

.

Do pref.Ohio SouthernOregon Short Line ..

Oregon A Trans-Con.Peo. Deoat. A E'ville.Phila. A Reading.

.

431s99385%

Ills

"1614

"231^

ll820%

3716793722589111%124%43951a514

11923814383419

458ICs8

2219%45

'8

20

39191441 132695131a127%45 13IOOI4

<i\12789117%38I32379193141a61a

158I4

242lil9

48381=922%

t39.ISSg4025

'S921318

12J•40598385%

Ills

"l7'%

"2238

•la"Oie

13588

231a211a47 -a1

*21l4

719107996>a80501a4738175814%49 •'8

431a359%167811%

139l:i3is8»=8II41411114I351412518411s39 14

lOuia3369

1414926

1213tI8I3637

121a1664 14233861a

20520537

ISiia9220

150101«29791483%7714214^3840111%141s37%77%20

10%

5041'14I3I947 1243

gii16%

is2'%8938

1141411114>1351241840 14389313

"65 i*

251211838

"6%11%

"eo"211a6

•34

19

12%835876%

"ia"371a

109141a377514n9

201813

91818I8I4

13H1658

Pltt8b.Ft.W.AC.guar 136%Do

12%1921I3long21%140

2114I5141738

special 120

40 48% •48 1417% 23 14 211s38I4 48% 4724 14 28 14 27%93 101% lOlSg12 18 15

I2714 129%42 48 46 14598 51041a 5101196 1079 938

Ilia 211a 189214 9714 9716 2319 22%37 4620% SI 2379

1921a 200 14 20013 1638 1B385% 779 7i«

13 13 1939 19198 1378 Ills

23 3Ha 32782119 2619 26 1446% 55 14 55 14% 158 II4

2II4 25 233878 7811% 17 15 1«191a 27 142013 291s 29181514 2078 19391318 26 2113

1361a 140

Rensselaer A 6ar 142Rich.AAl.st'k, tr. ct. 2 lisRichmond A Danville 70RichmondA West Pt. 29 'a 28%Rochester A Pittsb.. 514 2%Borne Water. A Ogd.. 16 18%St. L. Alton A T. H . . 29 28

Do pref 80St L. A S. Francisco 17%

Do pref. 85 31Do Istpref 82

I4219 142123

8t. P. A DuluthDo pref.

at. Paul Minn. A ManBooth Carolina RR..Texas A PacitlcUnion PacitlcVirginia Jtidlaiid

Wab. St. L. APaciflo.Do pref.Tklegraph.

American Dist. Tel..Aiuer. Tel. A Cable..Bankers' A Mer. Tel.Western Union 7019

103

' 167^50=8

77915

61 >«

238097121a1639471919659

121a

2062I9

4761a321s479181a358219358425841a

104121aI913511a191a81a

1513

306418

214

3%"34'

8218*32*81ia24

2%71133033918338118 1433138258221s8IL3

100 >8

1231455%

7633%5%285191224II4911429%90

IJ7I4 510638

41s74 1«

301a5*828'43'80205840901a291a

185949 3g

"7ii•13

30em

5tJ7i8 7II4 563%

17794878187

13

2264 1«

%68%

22%55=822lOia1S%

291a71IH!

80%

21%55

"ib"1778

6!)%l"a

801*

* Pricea bid. t Prices asked. k Ex-llTldeud.

Page 9: November 7, 1885, Vol. 41, No. 1063 - St. Louis Fed · ttmtk HUNT'SMERCHANTS'MAGAZINE,' REPRESENTINGTHEINDUSTRIALANDCOMMERCIALINTERESTSOPTHEUNITEDSTATER VOL.41. SATURDAY,NOVEMBER

NOVEMBEU 7, l^SO.j THE CHRONICLE. 513

ClotingAug. 31.

-SepUmber.- — October. -

Kxi-REsa.AidimnAIn(^l'UMtulltlttdtl Htlit4)A 55W. " ' ,tCo.... 118

MiSINO.

Low- UiuK- Vlotiny Low- Uiuh- Vlot'geti. f»l. depl.M.ul. eti. del. ;n.

138 145 14tia 140 1441a U3>aOT'(t 09i>g B9 08 101>9 1U25S<>|) 55 54''8 54 ''g Wi>% '.W

115 118 *114 115Vt 118 UIO

1 >b I runI (^Oill..

Iiiiliiit..

<.,.! > ilMI rural Coal...

I'.'iiii^j Ivuiila Coal..(jiilukHllrcr Mill

I>i« pref.VAKions.

ConfiolUliiM'il (ins Co.Del. A IIiiil. Oitiial...

Iron Sto»nil>oat Co..K.Y.& Tix. Land Co.Or«<on Iiiiin'ov. Co..OrcK'n K'y .it Nav.Co.PaolfloUailPallmiut Palace Car. <

16 15>a

178<<g

7251a

18°810 >a

17\Ola8'»26

17 >«

'if

;84ia

49HI2719

22>a

9II47917

•is"7614461a125

7\28'8

9Tia80I>|

17

"23^813g5II4129 >a

7^11

28^8

971a86>a

80>a

129 >a

6leng10i«18o»«625330

28>«

951a87171a

150324

8050i>s

128 >a

*8>a34Ta

8>a2\'«2l>a2010i«

O'b23

230 'ibo8>a 81a30% *28

U<a

08

21l.^o33

089i>\

3m10>>:il l(>0<g5B<>8 56%13J *131

• Prioes bid. I Prioes asked. 4 Ejc-dlvlrtond.

BA.ItK£K8' STBRLCNO KXCHiLNOB (POSTKO RATES) FOB OOTOBEB, 1885.

Oct.60

day. matid. (M.60

day$.De-

mand. Oct.60

day*.De-

tnand.

1....2....3....4....5....6....7....8....9....

10....11....12....

4 841*4 84 la

4 841s8.

4 841a4 844 844 844 844 81

8.4 84

4 861a4 861a4 861a

i'se'ii'

4 864 864 864 864 86

i'ee"'

13....14....15....16....17....18....19....20....21....22....23....21 ..

4 841a4 841a4 84i«

4 854 85

8.

4 844 844 841a4 84>s4 844 84

4S6ia4 86>a4 861b4 874 87

436""4 864 861a4 86134 864 80

25....26....27....28....29....30....31....

Range

8.

4 83-3-44 814 844814 844 84

4 8.5

4 8313

Mii-e4 864 864!:>6

4 864 86

1 S74 851a

IMPORTS AND EXPORTS FOR SEPT., ANDFOR THE NINE AND TWELVE MONTHS

ENDED WITH SEPTEMBER, 1885.

The Bureau of Statistics has this week issued its detailed

statement of the foreiga commerce of the country for the

month of September, and the nine and twelve montlis ended

with September, and we give the figures below.

MEKCRANDISE.

1885.—Exports—DomesticForeign

TotalImports

Excess of exports over ImportsExcess of Imports over exports

1881.—Exports—DomesticForeign

TotalImports

KzooBS of exports over linportf<

Excels of Imports over exports

$16,852,262832.821

For theI

For the 9 For tlie 1

2

month of i Months ended t Months endedSeptember. Sept. 30. Sept. 30.

$462,304,033 $700,720,.n27j

ll.ti3».23l|

15,17».144

$171,oyo,i64 $7I5,8'J8,«7I431,193 5271 570,551,2«0

$42,8^)6,737 $l«5,3i7,4 11

$195,442,27012,I15,7.M

$.507,558,02148!»,904,'.-.i7

$17,653,894

$720,037,63615.737.'>82

$735,774^718ti.-.S.llO.nfiT

$77,6ti4,B53

GOLD AND SILVER—com AND BULLION.

1885.-Exports—Uold—Oom. -

.

Forel(?n

Total

Sliver- DomForeign.

Total

Total exportsImports—Gold

SdverTotal

Excess of exports over importsExcess of Imports over exports

1834.—Exports—Gold- Dora. .

.

Foreign

Total

ailver-Dora...Foreign

Total

Total exports

Imports-GoldSilver

Total

Excess of oxi>ort8 over importsExcess of impoi Mover exports

$i;il,358l20.21 Ol

$3,O7ri.9025,972.751

$151,608$1,773,531

P3?,30M

$2,705,813

$2,857,111

$2,986,116811,831

$3,797,950

940,539

$77,330

$77,350$1,.5.53,3971.776.645

$3,330,042$3,407,392

$1,477,6721,004.4 45

$9,049,6.53

$17,056,0268.485, S5T

$25,511,h83

$ 14,59 1,.536

$11,004,95113,19^,6H8

$24,8U0,e>9

$9,790,887

$34,397,6135,694,014

$40,091,627

$13,12.\2718,1 43,3!>8

$2,482,11/925,275

$il,2«8,6b9

$61,360,296

$15,081,5.529.'>24.!)06

$24;90lj,458

$36,453,838

$3.il2»<,695.-,977,577

$9.9. 6.-272

$22,062,88111 774.031

$3d,836,u62

$13,743,234$24,181,05618,875,569

$43,356,625

$386,009

$35,310,2105,737,349

$11,017,559$16,8^8,17711.332.458

$28.'2I0.63S

$69.25'!,194

$19,721.9.3213,t>»i2.123

$33,384,055$35,874,139

TOTAL MKKfllANDISE AND COIN AND BULLION.

1885.—Exports—DomesiioForeign

TotalImports

Excess of exports over ImportsExcess of irapiirts over exports

1881.—Exports—DomesticForeign

TotalImports

Excess of exports over importsExcess of imports over exports

$18,7.'>7,13l1,784.84

$50,541,99154.10.^.700

$'3'.>'67,715

$35,811,1622,935.7201

$5873I>,S'(2!53.841,280!

$4,795,6021

$ib2 5.;6,l»«l:$726.7iv,i0326.154,833 32,il29.«02

$.',OH.inl,800 $"5!>,i^> I 1 .90 >

455,994.176 613, '107. •'85

$52,687,U:i4 $l.l'J^73l,O^J

$542,965,1 54 $772,206,02325,953^163 32.826.889

*o6-'.»18~lT7 $S05,il3.', '12

514,810.585 6!H.491,120

$51,107,732 $113,538,793

The following Matomant bM tiao beea iwaad, ihowlsK, byprincipal customa dislriota, th« Ttiiuan of mwrhamU— Im-ported into, and axported from, the Unit«d 8t»tw dariait tlMmonth of Sept., 18H.f, and during the nin« montba mdodwithSept. in both lHf» and ISSi; aluothe toUt utockof K"'>dii

remaining in the United States warehouaea at ih» end of theperiod.

IMMKTS. Bxroan.

THK'Trt AN1>SIPTKMUIB, I88B. HiM monllu mdliHr Kiiu mnntlu n4tm§

Pouts. aift. SO. Hep*. WD.

ImjnrU. KxforU. UM. im*. M». UM.

n>ltlmore,l<d.HanxMr, Mo...

i,oJ(>,Tia i,<iSo.3as 8.4A3.436 8.l»7,«08 9e.008J03 81,887.17740.IM«, 4IMa 448.lr7l tlKi,*IKI IIIU,IWk W:740

Rooufiirt, 8. C.BoKlon.Mau..

114.704 86.0 la48.6SI.1ig

ano,6(i8

u.^iJS&4,«».7M «.a40.7ta 40.S88.0M 41,880.196

tinitn. Ti-ltui. M.ass W.4a6 804.148 tsofin eSI.786 786.648Mt8iMiBnr -•- -M a».o»i 1.848! 408 I.10AIM8

11 BM8,«19 B9.MI a.80I..SI4l S.I68.l4tf 84«.»W 8WjMMCI. X79,0n(l 180.068 1.791.547 1.9Hr>.73S 1,068.811 1.090.514Cr. , 89,794 rii.fi» 876.8:11,> 897.484 8.619,706Chlcjwu.lll.... 1,»4U,8'«) 8<0.r,(W 7,748.614 8.48).31l 1,8:8,118Detroit. .Mich. 198,819 4aOJ(T7 1,4413.488 1.107.4WM 4,147.780 8680ifMfDuluttl. MUin. 24.744 847,llOi 105.1111 H,95U 1.987,109 ].v8l3idOklTeit'n.Toz 45.8WH 461,608 600,100 6HI.67S B.TiM.aii 0;4«irMollnron. MIoh .

.

174.783 19(«,»77 l»ISS»* 1.773.475 8.401,648 HMMMKer WMt. Ifla. -""•S" 788 618.748 1<9N.60< II5.S15 178.496HInn'i'ik.MInn 881.800 117.087 604.678 805.M9tf 1.0.4.014. 1.H9.V.848Mobile. AU... 8.S14 ie.0OJ 4t.KIS igojiu 8J»l.6'(M 8.967,477New Urrns.I.a 015.8(10 l,14<>.eaA 8.806.419 8.0'JS.414 41.560.615 49.786.038New York.N.YNlaxsra, N.Y..Norfolk. Vb...

38.9.10.108 88,U»J!09 88^se4.^8l 838.909,110 948,860.8-1 84U,7:iUS03851.181 88,781 8.146,898 8,887.9311 51.9V) 6S.8H4

S 48,938 80.746 89,9!«l 4A»1.7;3| 8.810.4171Oregon. Ore*..0>wega'le,N.r

849,498 160,893 1.010.174 1.765,780181.185 189.008 I3893>1 1.811.1 lOj 8.680J486

OswegOjN.Y.. 883..18I 170.380 8.096.004 8,709.847 1.008JW8 1.I54.8M4

PensacolB,li'la81.811 48.018 439.987 478.179 319.»5» 414.707

130 7V.638 84.589 86.881 1,813.518 1.960A4489.o75.l85: 86.U87.8SePhlladd'a. Pa.

Portland. Me..8.952.448' 3.848J!6I) 84.91(8.005 88.777.018114.841 ir^.HSH 1.808.1Vli 1,761.866 8.810.788 4.9SaA74

Rlchinoiul, Va 1,071 135,735 13.969 287.H01 1.l99.a08{ 998.958Salurla. Tex.. 19.904 7,415 848,590 14R,6a4 1(11.14S ,V)"..H(H

San h-ran.. Cal. 8,eil,3'«J 1,909,517 «4.978.;S7 88.496.686 SI >Savannatl, t«a. Sf<,177l 9i;t,0-« inH.087 878.896 7

Vermont, Vt.

.

eoa,4.53i 00,' 00 4,880.88« 4,438.678 .1

Wlllaraotte.Or 1U.988 835.681 18S.698 880.187 l!.nii,.,i .;.... i,...Aj

Wilnd'g'n. N.C 7.875 849.030 87J!0a U8.8S1 1,U47,«1« 1.7I.V7UYorktown, Va. 8.ltM 88.306 81,041 8,879 1.871,484 8,878,723All other cu.**-

tom.") districtsand ports..... 1.088,845 606.780 8,884,917 5.870.871 6,445,716 8,970,488

ToUls 50.311.759 47.084,583 431,193,58; 480.004,ta7'474.090.261 607.589.081

Remaining In warehouse September 30. 1885 $2H,«2«i.l87Kemalning in warcliouso September 30, 1884 36,054,319

THE DEBT STATEMENT FOR OCTOBER. 1885,

The following is the official statement of the public debt aa

it appears from the books and Treasurer's returns at the idoae

of business on the last day of October, IS-J-), according to

the new form adopted April 1, 1885.

INTKRBSr-BKAKlNO DKBT.

Character of Inter'i

P'l/'bl*

iTit. DimAUnpaid.

Accrue!

Issue. Keglstered.|Coupon. Tbtal. IiUere$t,

8s Option.

4K8 1891.

4s 1007.

4a refdg.certfs.

8«. pension ..

PaclHo KKs...

Q.-F.Q.-M.Q.-J.Q.-J.J.4J.J.&J.

t194.190.500

199.163,630

604,951,950

•64,628,518

*

5O,836,.M0

138,786,400

»194,190,800

250,000,000

737,740.850

883.800

14.000.000

•64.683.518

t12.580

393.210

1,679,2-25

58,188

210,000

19.919

«1.436.428

1.875.000

2,459.134

746

140.000

1,292,470

Aggregate 1,008,938,612 188.681,730 1.260.778.163 8.37Z.169 7.88S,riW

• i.388.003 mature Jan. 16. 1803 ; JBIO.OOO Nov. I. 1895: t3.6:n.aa0 Jan. 1. 1806(4.880,000 Veb. 1, 1893: f9.712,000 Jan. 1, 1897; 889,901,953 Jan. 1, 1898; (14,004,860Jan. 1. 1899.

DEBT ON WHICH INTEREST HAS CBASBD SINCE MATCRITY.Aggregate of deSt on which Interest hai ceased since matarltr Is (3.734.806;

Interest due and unpaid thereon. (-219.384.

DEBT BEABINU NO INTEREST.

Old demand notes

Legai.tender notes

CertiBcates of deposit

Less amount held in Treasurer's cash

Gold oertldoates

Less amount held In Treasurer's cash

Silver cortlflcates

Ijess amount held in Treasurer's cash

Praotlonal currencr

Less amount estimated as lost or destroyed..

Aggregate of debt bearing no Interest.

Amount.

18.555.000

410.000-

140.186,610

8I.116.850-

185.053.286

31.906.514-

16337.097

8.875.931-

187,888

846.681.016

18.146,000

IOS.O80.7W

83,l«6,7n

6.081.183

(374,018,888

RECAPITULATION.

1Prtnc«pol. Interest. TWoi

Interest-bearing debt— ( t • «

4«s 850,000,000

737,740.850

194,190.600

888.8003s

Refunding certifloates. 48.

.

Navy Pension fund. 8s 14,000.000

Paoiac RR. bonds. 6 p. ct... 6t,8«8.8U-1 .860.778,168 S.585.»481.t10.874.110

Debt on which Int. has ceased 8,784,306 818.881 8.8681000

Debt bearing no interest-

Legal tender notes. &c 346,738.841

Certifloates of deposit 18,146.000

Gold certiacatee 109,080,760 1

9S.146.778

[^actional currency C08I.168- 674.018,888 574.0i;3!

Total debt XSKMMM uxuss.

Page 10: November 7, 1885, Vol. 41, No. 1063 - St. Louis Fed · ttmtk HUNT'SMERCHANTS'MAGAZINE,' REPRESENTINGTHEINDUSTRIALANDCOMMERCIALINTERESTSOPTHEUNITEDSTATER VOL.41. SATURDAY,NOVEMBER

614 THE CHRONICLK [70L. XLIt

Less cash Items available for redaction of the debt. . . .^233.864,475

Less reserve held for redemption of U . 8. notes 100,000,000

Total debt, less available cash Items

Net cash In the Treasury

Debt, less cash in the Treasury, Nov. 1, 1885 ^

Debt, less cash in the Treasury, Oct. 1, 18SB

Decrease of debt during the month

tS33,864,47S

1,514,475,860

66,8l8.-i02

I,4»7,e57.5fl3

1.480,934,84-3

13.876.774

UNITED STATES TREASURY STATEMENT.The following statement, from the office of the Treasurer,

was issued this week. It is based upon the actual returns

from Assistant Treasurers, depositaries and superintendents of

mints and assay oflGlces, and shows the condition of the U. S.

Treasury October 31

:

Gold.—Coin in treasury .

Bullion In treasury—Certiacates Issued.

Less on hand

Net gold holdSilver.—Standard dollars In treaa'y

Bullion in treasury

Certificates issued

.

Less on hand . . .

.

Net silver held

United States notes In treasury .

Certificates issued

X^esBon hand

Net U. S. notes held.

national Bank notes held

l>eposlt8 in Nat. Bank deposltar's.

Totals 4

Public debt and interest-

Interest due and unpaid

Accrued Interest

Matured debt

Interest on matured debt

Debt bearing no interest

Int. OQ Pac. RR. b'ds due, unpM.Interest on Pac. RR.bds. paid..

Fractional currency redeemed

.

One and two yr. notes redeem'd

Interest checks and coupons pd.

Totals

Bes've ag'at U.S. notes,Acts '75&'82

Fund held for redeeming notes of

Nat. Bks. "failed," "in Uquida.

tion," and " reducing circulat'n"

.

F'ndheld for red. Nat. gold bk.notes

live p. c. ra for red. Nat.Bk. notes

Nat. Bk. notes In process of red.

Post Office department account. .

.

Disbursing Officers' balancesUndlstrlb'd assets of failed Nat.bksCurrency and minor coin red. acct.

Fractional silver coin redemp. acct,

Int.acct.,Loulsv.J( Portld.Canal CoTroas'r'str'mf a >: i : ,..v Jft3.outs'g

Treasurer U. 8., a«ent for payinginterest on Dist. Columbia bonds

Interest on Dist. Col. bonds paid.

TotalsBalance

Assets not available: Minor coin.

Fractional silver coin

Aggreg-ate.

251,359,349

163,817,342

8,840,536

:!»,0o'it.286

SllM)6,514

18,655.000

410,C0O

Assets. LlablUUes. Balances.

167,867,878

45,695,341

1,441,843

13,595.551

, 479,749,663

2,352,219

5,931,309'

3,734,305

210,8S5

2,305

19,930

1,202,470]

2,3051'

39,300,280

119.859

12,541,913

3,706,082

21 ,961 ,384

550,658

14,282

92,835

1,1

4,634,343

157,199

719,831

3,965,536

3,996,398

2.844

183,853,122

109,020,760

93,146,772

18,145,000

13,551,943

233,884,475

100.000,000

52,052,062

74,611.106

87,650,341

1,441.843

13,695,551

i59.437.4.<ll

31,118,902

417,034,f'2t

23,685,367

507,538,489 417,034,829

6(»,818,'.i92

23,685.367

00,503,6311

BATES OF KXCHANOE AT LONDON AND ON LONDONAT LATEST DATES.

MXOBASGE AT LONDON- Oct. 22.| BXCHANQB ON LONDON.

On- nmt. Rati.LatettDaU. Time. BaU.

Amstordam.Amsterdam.Hambare..

.

Berlin.......K-ankfort...ViennaAntwerp .. .

Paris........ParisBt. Petersb'gGenoaNaplesMadridOadlzUsbonAlexandria

.

Conelant'pleMew York...Bombay .

OalonttaHonn Kong.Sbanirhal. .

3 moa.Sight.3 moB.

«

Short.3 mos.

tt

tt

ti

60 d'yeDem'd

122''8 »12-338I2-II4 »12-2i420-49 ai20-532050 »20-5420-50 a20-.'>4l2-6t>i4-<fl2-71i425-4214825-471325-20 ®25-2525-38i4»25-41i4

2314923%25-!j0a25-tf526-60 a.25 6545^®4578

Sl^aSfg

l8'.'66;;d.Is. esjjd.

Oct. i2Oct. 22Oct. 22Oct. 22Oct. 22Oct. 22Oct. 22Oct. 23Oct. 23Oct. 22Oct. 22Oct. 22Oct. 22Oct. 22Oct. 22Oct. 22Oct. 22Oct. 23Oct. 23Oct. 23Oct. 23Oct. 23

Short.

3 mos.Short.

Short.Checks

3 mos.

II

II

3 moB.80 daysrel. t'rs

11

4 mos.

12-06

20-2820-3320-33

2'5"24

25-21

ld8-6-2

4-831Sis. 6IS3jd.-38

Is. 653}d.-383b. ed.4s. 8 Bed.

[From onr own oorrespondent.J

London, Saturday, October 24, 1885.

The prospect of the final solution of the Eastern difficulty

seems to be as remote as ever—at all events it cannot be said

that any distinct progress has been made in that direction

during the week. But although the delay is to be regretted,

it affords opportunity for the ultimate settlement of the dis-

pute on such a basis as-shall not be easily upset. Whateverarrangement may be come to should be lasting. The Burmantrouble has not entered upon any new phase. King Theebaw,according to all accounts, retains his bellicose attitude, whilethe Indian .Government is equally determined upon the mat-ter being settled on its own lines. The political position

generally cannot be said to have appreciably altered, at least

not in such a way as to influence commercial affairs.

Sanguine hopes as to the future are still being indulged in,

founded unquestionably on the more encouraging advices

from America, A feature of some significance is that the

demand for freights is looking up. But in spite of that fact,

and of the more hopeful tone now pervading most depart-

ments of industry, the evidences of an expansion of trade are

not very distinct. Liverpool seems to be the favored spot, butwe still look in vain for an increase in the goods receipts onthe leading railways. In place of an expansion, there is in

fact a contraction from the depressed totals of last year. TheBankers' Clearing House returns, also, are quite capable of

amendment. All we can be sure of, therefore, is that satisfac-

tory obanges are now going on across the Atlantic, of which wereceive almost daily telegraphic confirmation; and thit a con-

tinuance of the movement there must swell the volume of

trade here, and possibly by the new year it will have gained

sufficient force to admit of results being clearly estimated.

Attention has at length been directed to the continued

inquiry for gold for export, and the question is again being

discussed whether the Bank of England will not soon be com-pelled to adopt measures to prevent the stock of bullion being

much further reduced. In the present state of the commer-cial demand for money, however, such action is not easily

carried out. It is argued that the Bank of England should

reduce the heavy balances unemployed in the outside marketby borrowing on consols, and thereby causing the open marketand official quotations to approximate more closely. But sucha movement would be fictitious. Quotations for money cannotbe permanently enhanced until the incjuiry for it has increased

to a much greater extent than at present. It is of course

imperative that the Bank of England should protect the bul-

lion resources, and the directors may be trusted to do so; butthey can hardly, in fairnes?, be called upon to saddle them-selves with heavy balances which there is no present chance of

using profitably. Were there any signs of financial disturb-

ance in the near future, some display of energy might belooked for ; but so far as can be ascertained there is no imme-diate prospect of the chronic quietness of the market being

upset. At present there is no inquiry for the metal fromAmerica. The sums recently taken for the Continent—about

£800,000—are no doubt in a great measure the result of the

political troubles in Eastern Europe, and must therefore be

looked upon in the light of exceptional transactions rather

than as ordinary exchange operations. The demand for

money usual at this season may be expected soon to assert

itself, and between now and the close of the year some move-ment in the Bank of England rate of discount may be looked

for; but there are no signs of any tending excitement, or anyneed to adopt more than ordinary means of precaution.

It is to be noted, in this connection, that during the past

two days some improvement has taken place in the demandfor money. Day-to-day loans, which were going begging at

J^4 per cent, have risen to ^^ to % per cent, and the discount

charge for three months' bills has risen from 1 to \% per cent.

Some rather important movements are noticed in the weeklyBank of England return. The reserve has decreased to the

extent of £457,132, the amount being £11,701,167, or fully

£1,000,000 more than at this time last year. The actual

decrease in bullion is £635,162, and the present supply of £30,-

920,972 is about £360,000 more than last year. This is a fairly

good total, but it will not bear drawing upon much further to

supply foreign requirements; and in the event of any import-

ant orders being received, the advisability of some advance in

the Bank rate will have to be considered. A decrease of

£1,626,000 in private deposits must be regarded in a favorable

light, as it shows some dispersion of balances; but the total is

Page 11: November 7, 1885, Vol. 41, No. 1063 - St. Louis Fed · ttmtk HUNT'SMERCHANTS'MAGAZINE,' REPRESENTINGTHEINDUSTRIALANDCOMMERCIALINTERESTSOPTHEUNITEDSTATER VOL.41. SATURDAY,NOVEMBER

NOVKMUER 7, 1886.J THE CHRONJCLE. 515atill very unwifldy, being £5,a00,000 more than at thie timeInst year, and until it ia brought within more manageableliniitB it will be difncult to substantiate the reports of improv-ing trade. The return, taken as a whole, diaoloses no indi

:ition of approaching doarnesa. If there is any considerable

iilvance, it must come through the action of the Bankdirectors.

The following return shows the position of the Bank if

England, the Bank rate of discount, the price of consolp,

the price of middlin;^ upland cotton and wheat, and the Bankern'Clearing House return, compared with the three previougyears

:

1885. 1884.(IrouUttlon.exoludlnK Jt

7(lay * (itlior bills.. Ji,0il!).80.%Pul)ll(iiltiiPi)8ll8 3. ,.():>,;«!;(

Otlior iltipoHlIs i!',.'!'! l,*i(ti

Qovtinim'TRf-riirltlt'e. 17,-^.'>.S.7(>7

Otiipr > ... 21,74S,»47Kbs'vi .Id 11,701, :67Coin I in

I' rmi'iita.. 20,920,97aI'' reserve

E{^jk ruleOOIIHOISEnK. whpat, av. priceHid. Uplaiul iHiltou..No. 40iimU> twlNt

35-55 p. 0.

2 P.O.100Ti„d.SOU. I Id.

53l«d.

M25,670,920

i,:t.~iO.H57

Jl.;llll,946I l.l.i'J.UlH21.43.'...^61

10,641,127

20.565,017

36^ p. 0.

3 P.O.lOOTg

1883.M

25.5«1.0703,917,4'.)9

24,-<U,l5513.079,0)S20.187,59212,710,470

1882.«

26,322,1253,li2-t,!l45

21,li.^,'.!i512,/:U.Oi723, 1 U(),6.J510,419,1)51

22.514,549 20,992,;)70

43''g p. 0.

3 p. 0.

lOHia408. Sd.

5i>8il.

»!^d.86,282,000

36 » J p. 0.

5 p.102M

aOs. 7d.6>8il.

lOd.71,588,000

1

3Z».6d,M.

„ . „_ fi>ad.OleaiV-UoiisHrei'n . 111,902,000 98,767,000

Messrs. Pixley & Abell write as follows on the state of the

bullion market

:

Oold-Slncoour circular of last week there have been willidrawaUfrom tlio Bank amounting to «704,000. Of tUlg auinuiit «50,000 goesto Ur.bon. Tlie receipts dining tho same I lino were *t)4.000. TUe Ger-man exclianKC liuvinK risen today, tluic Is rather less Imiuiry foroiport. Tho Inipiii t» are : From the Cape £12.<()0; from Austrnlla*58.000; from River Pliite £48.iOO; and fn.m West Indies £23,000 ;

total. £141,OiO. The Orion has taken je.iC.OUO to Buenos Ayres.•Silver, wltli a continental order, iuiproved to 47»ihd.. at which price

reocnt arrivals huve been sold , and iu the absence of supplies to hand,the market reniiiins (|ulet. The Moseile brought £5,000, and al>oiit£C0.OiO has arrived from America. The P. & O. steamers have taken£180,000 to the Kast.Mexican Dollars have remained steady at 4T9](,d.. at which rate the

unsold portion per Moselle was placed. The Moselle brousbt £20,0U0from the West Indies, and Fulda and Qeimanio brought £10,000 fromNew Yerk.

Messrs. Bothwick, Wark & Co, are instrticted to receive

Eubscriptions for |1, 7.50,000 Canada Southern Railway secondmortgage bonds the price of issue being 88 per cent. Theprincipal is re-payable in 1913.

The excitement in American railway shares has continued.

We, however, simply follow your lead. Speculators here are

very keen, but although a good business is being done, it is not

to be measured by the important advance which has takenplace in prices. It is curious that in spite of the developmentof the "bull" speculation, stock here has not become moreplentiful, but at the »ame time it must not be inferred

from this that the real investor is buying. Largeblocks of securities have been speculatively locked

up, but whether present holders will be successful in

ultimately disposing of them to the bona fide investor is

another matter. It would be idle to assume that the distaste

to American railways as a medium for investment engenderedby the heavy losses of recent years has suddenly disappeared.

There is a large class here who have had their income seriously

curtailed by the various defaults, and the confidence of suchpersons is not restored in a day. At the same time, there is noquestion that large supplies of money lying idle here wouldcome forward for the development of American railway enter-

prise were there a certainty that the lines would not fiUl into

the hands of a clique of speculators who would manipulate

the concerns solely in their own interests. Lake Shore andLouisville & Nashville have fallen on the week 1 to 3, but

almost all other issues have risen—Erie Sds to the extent of

about 6 per cent and others from 1 to 4 per cent. The marketwas weakened at the finish by realizations.

The warning which our manufacturers have received during

the week to the effect that a syndicate has been formed in

America for the purpose of obtaining concessions for the con-

struction of railways in China, has come rather as a surprise,

although it is well known that all commercial communitiesare looking hungrily on the Celestial Empire for the initiation

of such trade developments as shall compensate them for the

heavy losses of the past two or three years. It is clear that the

struggle for obtaining the necessary orders promises lo be

iKvere.

The grain trade has been wanting in activity. During the

earlier days of the week there was some slight indication of

firmness, but it was not maintained. In spite of the unsettled,

and at times wintry, weather, wheat has shown signs of weak-ness, and had sales been forced, holders would have beencompelled to make some concession. The rumors of a threat-

ened break up of the " Lull " ipeouUtion in Am«rlc«, whichhad been current for some few daya pMt, reo«iTad m o«rtoiaamount of confirmation from the weakncM of New Yorkprices. Possibly, however, this may bar* be«n In somameasure attributeblo to the advised Increase on the week of1,100,000 bushels in the visible supply. Signs of haartiMMwere also notice<l in the Baltic shipping ports, advkiea fromthem noting a decline of Is. per quarter. It ia clear,therefore, that for the moment tho position of the wheattrade ia not so strong as it was a short time ago, but thatcannot be accepted as an argument against tho ultimateestablishment of a higher Itvel of values than that nowprevailing. Imports of both wheat and flour are disttootlybelow what they were at this time last year. Duringthe past seven weeks of the penson the gross receiptswere 10,830,000 cwts., or about 1,4-10,000 cwts. less than In ubocorresponding period of last season, while the quantity onpassage is about 370,000 quarters below last year's total.The following return shows the extent of the imports of

oereal produce into the United Khigdom during the firstseven weeks of the season:

IMPOBTS.

Wheat....Barley....OaMPeasBeansIndian oom....

..owt.1985.

8.S55.2382,350.8.'>71,886.703192.593583,986

3,511.9^7Flour 1,185,8'J9

1884.9,68.'>,.586

3,211,1591,720,'«44lh0,743473,341

3,0|a,7632,177,691

1883.10,032,1052,499,0281,671,892

71,020305,609

4.4»»,U451,976,759

1883.12,746,4771,477.8«31,020,188

96,806165,356

2,440,6782,032,493

Supplies available for consumption (exclusive of stocks oaSeptember 1):

1885. 1884. 1883. 1883,Imports Of wheat, cvt. 8,855,233 0,585,585 10,632,105 12,745,477Imports of flour 1,465,809 2,177,691 1,9:6,759 2.032,498Sales of home-grown.. 6,593,605 7,516,503 6t811,500 5,925,200

Total 16,914,617 19,309,779 19,420,364 20.703,175

The extent of tbe sales of home-grown wheat, barley andoats in the leading markets of England and Wales duringthe first seven weeks of the season, together with the averageprices realized, compared with the previous season, are shownin the following statement:

1885, 1884. 1883.

Sales.At'gePrice Salei.

AVaePrtee

8aie$. ^Wheat, qrs 459.685

387,68866,614

I. d.313119 1

526,118473,92274,887

«. d.33 1

32 1

19 4

471,567331.430117,573

«. d.41

Barley 33 4OaU 20 2

Converting quarters of wheat into cwts., the totals for thewhole kingdom are estimated as follows:

Wheat owt.1885.

6,593,6051884.

7,548,5031883.

6,811,500

The following shows the quantities of wheat, flour andmaize afioat to the United Kingdom:

At present. Last week. Last year. 1883,Wheat qrs. 1,303.000 1,300,000 1,636,000 1,597,000Flour,equal to qrs 152.000 147.000 157,000 125,000Maize qra. 280,000 301,000 133,000 190,000

Ensllab Financial XIarlcetii—Per 0>bl«.The daily closing quotations for securities, Sx., at London

are reported br cable as follows for the week ending Nov. 6:

London.

Jllver, peroi dOonsolB for moneyOonsols for account

Kr'ch rentes (In Paris) fr

D. 8. 4i«sof 1891a. 8. 4s of 1907Canadian PacltloOhio. Mil. &8t. Paul....Brie, common stock....illlnols CentralPennsylvaniaPhiladelphia <& BeadingSew Yoirk Central

Sat. Mon.

1738lOOM1001479-30116i»127igSl^e91>323 14138%5753H»8

1051s

79-87

Toe*.

4739100 "4

100'479-57 >9

116%127SlB

OS's23%139567gIIH

loe^'B

Wed.

47a*100 14100 '479-37 "sll6>s127'a52'8OS's23 <4

ISOfg66<fl11%

107 >8

Thurt.

47381007i4100»,»79-60116>4127'«52 >8

Oils2314056%11

1105%

Fri.

47%lOOBia100%70-57 »«

l)6>a127'fl52%07 ig

23 >«

140«96''8

11%106 >g

®0mmevcial and laiscelXaueatts Wi'^ws

Bonds Held by N.^tional Banks.—The following interest-

ing statement, furnished by the Comptroller of the Currency,shows the amount of each class of bonds hold against national

bank circulation and to secure public moneys in national bankdepositories on Nov. 1. We gave the statement for Oct 1

in Chkoniclk of Oct. 3, page 381, and by referring to that the

changes made dtiring the month can be seen.

Deteription of Bonds.

38, Act July 12, 1882...

Currency 6g

4>sper cents....

4 per cente

Total.

V. 8. Bonds Beid .Yov. 1, 1889, (0

Public Deposits Bankin Banks. OiretUation.

$8,745,000120,000

1,607,000

7,145,000

H7,707,000

$138,360,6503,505,000

49,531,250117,432,650

TouaHsU.

9147,614,6903,639.000

51,228,250134,577,650

8300,338.550 i 8327,045.550

Page 12: November 7, 1885, Vol. 41, No. 1063 - St. Louis Fed · ttmtk HUNT'SMERCHANTS'MAGAZINE,' REPRESENTINGTHEINDUSTRIALANDCOMMERCIALINTERESTSOPTHEUNITEDSTATER VOL.41. SATURDAY,NOVEMBER

516 THE CHRONICLR [Vol. XLI.

Changes in Legal Tenders and National Bank Notes toNov. 1.—The Comptroller of the Currency has furnished us

the following, showing the amounts of national bank notes

outstanding Oct. 1, together with the amounts outstandingNov. 1, and the increase or decrease during the month; also

the changes in legal tenders held for the redemption of banknotes up to Nov. 1

:

National Bati/c Notes—Atuoimt outstaufUng Oct. 1, 1885 .

Amouut issued during OctAmount retired during Oct

Amount outstanding November 1, 1885*.

Legal Tender Notes—Amount on deposit to redeem national banknotes Oct. 1,1885

Amouut deposited during: OctAmount re-issued & banli notes retlr'd in Oct.

Amount on deposit to redeem nationalbank notes November 1. 1885

82,516,3404,076,245

$3,046,94?3,76.',375

$317,022,304

— 1,559,905

$315,102,899

$39,874,143

715,433

$39,158,710

•Circulation of national gold banks, not included above, $384,269.

According to the above, the amount of legal tenders ondeposit Nov. 1 with the Treasurer of the United States to re-

deem national bank notes was .$39,158,710. The portion of this

deposit made (1) by banks becoming insolvent, (3) by banksgomg into voluntary liquidation, and (3) by banks reducing orretiring their circulation, was as follows on the first of each ofthe last five months:

Deposits by— July 1. August 1. Sept. 1. Oct. 1

Insolvent bkaLtquid't'>t bksKeduc'g und'ract of 1874.

Total

745,78913,5t!9,28(;

24,788,078

39,103,153

698,58413,796,666

24,589,123

39.084,373

715,20313,774.242

24,714,133

39,203,578

68:^,34413,565,142

25,625,657

39.874,143

Nov. 1.

584,96012,778,010

25,795,740

39,158,710

CoiNAOE BY United States Mints.— The following state-ment, kindly furnished us by the Director of the Mint, showsthe coinage at the Mints of the United States during the monthof October and for the tea months of 1885:

I>eno7nination.

Double eagles..EaglesHalf easlesThree dollars. .

.

Quarter eagles .

Dollars

Total gold

.

Standard dollars...Half dollarsQuarter dollarsDimes

Total silver.

Five cents..Three cents.One cent

Total minor .

.

Total coinage.

Month of Oct., 1885.

Pieces.

182,682

365,20'J1

56

467,940

2,500,000

2,500,000

100100100

300

2.968,240

Value.

20826,820

1,926,0003

56

2,752,899

2,500,000

2,500,000

531

Ten Months in 1885.

Pieces.

693,744223,500974,877

874856

4,121

1,698,072

23,669.4S7600too

1,488,787

25,157,424

1,475,1002.400

10,070,900

9I

11,548,400

5.252.908I38.60),896

Value.

13,8 74,8802,235.0004,874,885

2,6j22.1404,121

20,993,648

23,669,437300150

148,678

23,818,465

73,75572

100,709

174,S38

44.986,649

Imports and Exports for the Week.—The imports of lastweek, compared with those of the preceding week, show anincrease in dry goods and a decrease in general merchandise.The total imports were $7,333,291, against $8,343,341 the pre-ceding week and $7,939,888, two weeks previous. The exportsfor the week ended Nov. 3 amounted to $7,816,270, against$5,714,073 last week and $6,138,055 two weeks previous. Thpfollowing are the imports at New York for the week ending(for dry goods) Oot. 29 and for the week ending (for genera)merchandise) Oct. 30 ; also totals since the beginning of thefirst week in January:

TOBBIOlf IICPOSTH AT KBW TORK.For Week.

Dry GoodsGen'lmer'diae..

TotalSince Jan. 1.

Dry GoodsQfln'lmer'dise..

Total 41 weeks.

1882.

$2,020,4336,853,523

$8,873,958

1883.

$1,839,2635,315,665

$7,634,928

$116,192,188 $107,906,411310,424,58!i 231,625,243

^426.616,776!$3B9.531.651

1884.

$1,519,8966.624,443

$3,144,339

$101,438,937261,914,901

$363,353,841

1885.

$1,902,8725,429,419

$7,332,291

$87,237,941239,601, l'J5

$326,839,136In ouj report of the dry goods trade will be found the im-

ports of dry goods for one week later.The following is a statement of the exports (exclusive of

specie) from the port of New York to foreign ports for theweek ending Nov. 3, 1885, and from January 1 to date-"IXPOHrw FRtM lUIW T >H< '"IK VHH w.kk

For the week...Prev. reported..

Total 44 weeks.

1882.

$290.231.554

1883.

$5,116,038295,086,371

$301,102,409

1884

*6.872,87ii266,721,870

$273,594,740

1885.

$7,816,270271,357,907

.^

1$279,174,237

-^''^if'ollo«'ing table shows the exports and imports of specieat the port of New York for the week ending Oct. 31, and

^a^dwla^ 1. 1885, and for the corresponding periods in

BXPOBTS AND IKPOBTS OP 8PBOIB AT NBW YOBK.

eoid.Hxports. Imports.

Week. S»?iceJ'an.l. Week. *»?i««Jo».l.

Slreat BritainFrance

$2,300 $317,69012,34164,461

5,530,859

267,352343,397

$

i',i2828,7341,0573.5803,72d

$426,1231,811,150

Vest Indies 1,244,566

South America111 other oountries. .

.

710,93774,743

Tstal 1885Total 1884Total 1883

$2,3003.9857,300

«e,536,!0037,934.586

568,543

9-3^,525859, =91760,267

$8,756,54014,412,65710,750,676

Silver.iJreat Britain $165,900

16,0152,3501,050

i',206

«1 1,973,218615,061143,168239,205

36.23i685,026

$

31^4631,4508.8071,210

$27,90419,569

llerman,Westlnilles 505,660

358.105>IeidooSouth AmericaAll other countries. .

.

728,29810,266

Total 1885Total 1884Total 1883

$186,515221,257352,760

tl3,69l,909ll,fi9(>,24913,071,936

$4:1,02028.469

200,257

$1,649,<;033,148,9885, 1 50,883

Of the above imports for the week in 1885, $30,703 wereAmerican gold coin and $11,251 American silver coin. Of theexports during the same time, $3,300 were American goldcoin and $3,250 American silver coin.

United States Sub-Treasury.—The following table showsthe receipts aud payments at the Sub-Treasury in this city, aswell as the balances in the same, for each day of the past week :

Receipts. Payments.Balances.

Date.Coin. Ourreney.

Oct. 31.Nov. 2." 3.

950,943 961,154,190 83

S509,408 72

1,226.104 81Holi

$163,365,184 48163,509,701 91diy

14,657,483 4814,440,862 03

" 4." 5." 6.

1,513,599 38a,'?3 1,078 8:>

1,023,152 84

5,872,966 40

1.585,708 851,011.537 95703,077 56

165.122,641 63167,036.403 33168,753,918 33

12,456,013 3610,428,792 449,629,332 72

Total... 5,070,897 91

Postal Telegraph.—The Farmers' Loan & Trust Companyhas begun in the Supreme Court a suit for the foreclosure ofthe 110.000.000 mortgage given to it in 1882 by the PostalTelegraph Company. The suit is brought at the request ofholders of more than one-third of the bonds issued on thesecurity of this mortgage. Beside the Postal Telegraph Com-pany, the Postal Telegraph & Cable Company, to which its

property was conveyed, together with C. C. Brown andThomas Fleming, judgment creditors of the Telegraph &Cable Company, and Albert B. Chandler, its receiver, appointedlast May on their petition, are defendauts in the suit.

Rochester & Pittsburg.—Mr. Adrian Iselin, who pur-chased the Rochester & Pittsburg property at the recentforeclosure sale, has it^sued a circular to the stockholders,which is given in full in our advertising columns.The President of the company, Mr. Walsion H. Brown,

says, regarding Mr. Iselin's proposition :

'• It is important that the stock should be deposited with as littledi'Iay as po.ssible, so that it can be ascertained what proportion of thestockholders are irivinu their support to the suits with which thepurchaser of the road is threatened, and what proportion are in favor oftlie reorgauizatiou as made by him."The tluaucial condition of the new companv is the following: The

b.alance of the preferred stock not absorbed by the payment of thesecond mortgiige b luds and tloatlus debt has been subscribed for at aprice which provides for thi payment of $lM7.610'if back couponswhich had not been paid, but had been bouarht, $77,i(00 of overdue cartrust bonds, and $143,685, amouut of all coupons maturing on andbefore January 1, 1886, and leaves $500,000 of uupald subscriptionssuhjpct to call ou demand. There are no other matured liabilities onthe road, the employes having l)een paid promptly on the 15th of eachmouth, and all current operating expenses being fully covered byearnings due the company."The present llxed charges of the company, exclusive of taxes, are

:

$78,0 0, interest on $l,a00.000 first mortgage bonds; $32 ),S60,interest on $f.b81,000 c(msolldated boiids; $19,770. interest on cartrust bonds; $1,400, rental of Perry Railroad ; $55,200. yearly rentalto Erie Railroad; tutal, *405,230. In addition to this there is aliability to pay 6 per cent on $178,000 income bonds, contingent on Itabeing earned by the 108 miles from Rochester to Salamanca after pro-viding for necessary improvements. These income bonds can beexchanged for tue coneolnlated bonds, two of the former for one of thelatter. Whenever this exchange is made the fixed charges will boincreased by $14,340, the interest on $ i39,000 consolidated Oonds." Twelve hundred tons of steel rails have been purchased since the

foreclosure, and arc now being laid to rei)lace the last twelve miles ofIron rails which vcre ou tiie road. Six tmndred 25-ton gimdola andone hundred box cars have been ordered, and will be ou tlie road witiiiathree mouths. Machinery which will give occupation to seventv-flvemen, will be ordered at once for the repair sliops at Bradford. Threemiles of additional side tracks have been laid in the Butt'alo yards,which entitled the company to $6u,000 consolidated bonds. These arenow on hand."Of the .$2,615,000 second mortgage bonds outstanding, all but two

have been paid according to the terms of the decree. Tliese two will bepal'' on prese tatiou to Mr. Adrian [selm. The road having been boughtfor $1,100,000, there is a deficiency judgment of about one milliondollars against the Rochester & Pittsburg Railroad Company."

—Attention is called to the advertisement of the old andfavorably known house of Messrs. Latham, Alexander & Co.,18 Wall Street, this city.

—Messrs. Charles Unger & Co., of this city, offer a limitedamount of Chicago Milwaukee & St. Paul (Dubuque Division)6 per cent first mortgage bonds due 192t). Investors will dowell to notice their advertisement in our columns today.

Page 13: November 7, 1885, Vol. 41, No. 1063 - St. Louis Fed · ttmtk HUNT'SMERCHANTS'MAGAZINE,' REPRESENTINGTHEINDUSTRIALANDCOMMERCIALINTERESTSOPTHEUNITEDSTATER VOL.41. SATURDAY,NOVEMBER

November 7, 18H6.J IHE CHRONICLE M7'£he ffiaubcrs' Oia^ctte.

UIVlUBNUIt.The foUowlnir dlvldonda have ronnntly tmnn itnuoiinood

:

Ifame of Oompany.

Hallroads.Boftton A: Miiiiio

Clili'. & Aliun iiii'f. &COIO. (iiuar.)Niisiiiiii* l.uw.UNorth I'l'iiiisylvunU (<iuar.)PfMIUHylVllllilt

8oat)unnt Ac i£ >iit)iiko

Bunk.Nassau

niiirclluneon*.Pnlte<l Hiiitin K\|iif8g (c|uar.) ....

Heretnl.

«4$23>a2•2

5

WhtHPayoAie.

Nov.Uec.N..V.Nov.Nov.

Booki aiotvt.iDayt inelutif.)

Un dein,

Not. 10

Nor,

16 f>ot. 30 toII Nov. 11 to20ut. 20 to

25 ,

SO'Nov. 1 to

Nov. 1 to Nov. 10

Nov. 8 to Nov. 10

WAI.I, NTKEET. FRIUAY-S P. M.The Money Market and Financial Situation.—The

occurrence of the State elections has had some hithience in

chuckinfr business, notwithstanJing the fact that the interestfelt in tlic result is so much less than last year. The nieetinfj;

of Congres.s in December will now be the next event in thepolitical world, and since the silver question is likely to comeup for early discussion, the business community will watch withsome eagerness for any indications of the temi)er of the newHouse of Representatives on this important subject.The declaration of a 2 per cent semi-annual dividend by the

PenD»ylvania liailroad Company, instead of the regular 3 percent, was imquestionably a surprise to most of the .stockholdersand to the public. But it is to be remembered that the trunkline earnings have not yet felt much benefit from the advancein rates, and the Pennsylvania Railroad in reducing its

dividend is merely taking a step which the other trunk lines,

and for that matter most of the railroads of the country, wher-ever located, felt it incumbent to take some months ago.On Thursday the presidents of the trunk line railroads met

to act on the agreement prepared for their signatures, and themeeting was continued through Friday. The chief characteristicwas the spirit of amity and harmony that prevailed. Theagreement is necessarily long and elaborate, but it was taken up,clause by clause, and it aoes not appear that any serious obstacleswere encountered. It provides for the appointment of variouscommittees, each having charge of certain special matters, andsupreme within its own department, and yet, in certain circum-stances, having the right of appeal to the next higher com-mittee, and so on, till the central body—the presidents and thearbitrator—is reached. But this latter body it is not contem-plated shall be called upon except in extreme cases. Theagreement covers both east-bound and west-bound business,and both freight and passengers, and the parties to it are todeposit a stated sum of money with the Commissioner, out ofwhich the latter is to pay any tines imposed for violation of thecompact. Perhaps the most important feature of the plan is

that each line is to be made responsible for the action of its

Western connections. These latter are to have representationon the Joint Committee, but the appeal will be to the ExecutiveCommittee, composed of trunk-line representatives alone, thusplacing the trunk lines in full control of the situation.

At the Stock Exchange the strength of the market continuesunabated. Indeed, there is great buoyancy and enthusiasm tothe upward movement, with the advance in prices almostphenomenal. Special prominence has this week been given tothe stocks of the granger roads, particularly Chicago Milwaukee& St. Paul, which is up 6 points, and one reason for this is thesplendiu record of earnings which the road makes for thefourth week and month of October.The open market rates for call loans during the week on

stock and bond collaterals have had an extreme range of 1@10per cent, though the ruling rates have been 2@3 percent;to-day the rates were 2J@3 per cent. Prime commercial paperis quoted at 4@4^ p. c.

The Bank of England weekly statement on Thursday showeda loss in specie of £110,134, and the percentage of reserve to

liabilities was 38 13-16, against 39 3-16 last week; the discountjate remains at 2 per cent. The Bank of France gained4,410,000 francs in gold and 1,073,000 francs in silver.

The following table shows the changes from the previousweek and a comparison with the two preceding years in theaverages of the New York Clearing House banks.

liuoiiB and dis.

SpecieCtroiUiitlon...Hetdep*)8it«..liftgul teudurs.

Le^al reserveB«eurv« held.

Barplos

188S.'W. 31.

iH344.360.800»7,ua4.200».i»*2.-40O

38 «.479,20027,.517,600

$9fi,ll<J.800124,551,80.'

i»23,432,000

DitTer'neesfr'nPrevious Week.

1884.Kov. 1.

1883.Sov. 3.

Ino .$4,1 13,700*291Heo. 3,583.100Deo. 18,200Deo. 710.-100tnu. 800.100

Do,".. «1 77,600D.!0. 2,7d3,00i»

Dec.$2,flO^,400

24, 100 $323,554.0011

12315,32,

$78,110,

,430,100985.300y-(!>.400

838,700

997.3502fi8,S00

$31,271,450

fl2,35'i,«0015.417,31)0

307,381;, HOii25,181,61-0

$76,846,72577,534.2uO

$087,478

Kxcliange.—Sterling exchange has been in very light demandall the week, and to-day (F'riday) rates were marked downone half cent. There has been no feature to the market.Posted rates are now 4 83 J and 4 85i.

To-day the rates on actual business were as follows, via:Bankers' «0 days' sterling, 4 88}(i»4 M ; demand, 4 M|«4 85.UalileB, 4 85(a4 8''Ji. Commerciai I

"- i 81^14 SIJ. Con-

tioontal hills were: Frnnctt, S j imd .5 IIU: miob>marks, OScaO.'J and 0.'>i(a!)")J; gui ,, ;ii,/040inn<l 4'>l(7i»40l.The following were tlic rales of domentie o«c.lmn«e on New

York at the umler-mentioned cities t/>-day: rtavannan. Duringi discount, soiling i discount; Charhmton, IniylnK i disciwnt,selling par; Boston, 124 discount; New Orleans, cnmnMiretol,100®125 discount; bank, nominal; St. Louu, 3S(^S0 di*>count; Chic4igo, 40 premium.The rates of lea'linK bankers are ae foUowi

;

Norember 6.

Prime baokers'sterlliiK bills on Ijondon.

.

Prime oummerolslDocumentary noinmeroialParl»(rrNiivB).Amiit«rdaiii (Eiillderii).Pranlcfort or Bremen (rnlobmarlu).

Axiy nay*.

4 83>ii« 81\«4 HI4 81>494 xm5 22isa5 21 'a

40>«40l<n94>»M'l>h.5

4 8$ls

a 2n'«% i'o%40l4«40>,.96^»95>«

United states Bondsi.—Government bonds have had a mode-rately active business at about steady prices.The closing prices at the N. Y. Board hare been as follows:

4>ss,t8»l4)«a,189148,19074s, 19073a,optlonU. 8.Os.cur'or, '95.Bt.oar'ay, '96.rts.oor'oy, '97.

6»,onr'oy, '98.es.oor'or. '99.

InltretlPeriod*.

... ng. Q.-Mar.

.ooap. Q.-l

Oet.31.

.res.

J

ynv •Vor.2. 3.

*X12«»•113*1123^8

1•123'8104•IS'^ 3•130'« H•132's•134\•t2a~e

Nov. Sot.4. 6

1121., *112'Vili:i

12IVl(>:1£-13<

13'^%,M34''b137

13;',;i4.

134-,137

Not.

M84''»137

* Tais is the price bid at the momins board : no leUe was made.

State and Kailroad Bond.s.—The business in State bond«has fallen off somewhat the past week from the activity of sev-eral weeks previous, the total transactions being: $82,000Louisiana stamped 4s, at 73J-74}; |114,000 North Carolinaspecial tax bonds, at 6i-7|; $15,000 do. 63, 1919, at 115-4;$4,000do. con.solidated 4s, at 90; $61,000 Virginia 6s deferred,at lll-12i; $10,000 do. trust receipts, at 12; $10,000 Arkansas78, Central Railroad issue, at 9; $2,000 do. 63 funded, at 10;$20,000 Tennessee 6s old, at 52i; $8,000 do. compromisebonds, at 61.

Railroad bonds continue active and the tone is very stronff,

some issues being buoyant, though a few have declined. Erieseconds have been quite active, but the price has not fluctuatedmuch, and several other classes, notably .\tlantic & Pacificfirsts and incomes,, have had a large business. The closingprices and range of a few leading bonds are annexed.

N. Y. L. E.* West., 2d connol. 68Atlantic & P., W.D., l8t,6s....Incomes. 1910

Tfxas & Pac, Inc. & Id. gt. 78..Rio Gr. DIv., 6h, conp. off

N. y. City & Nnnh.. 6s, 1910. .

Miss. Kan. .feTcx.. (tun., 68,1920General, .5s, 1920

Oregon <St Tiaii»-(;.. iBt, 68, 1922EaatTeun. Va. & Ga., con., 5a..Income, fs, 1931

Mexican ("ent., ]«t,78, ex conp.West Shore, Trust Krccipt*, 5s.

.

No. Pacitii', lat. Us. coniwn

Closing.

Oct. 30. Nov. 6.

82^879%231a45 la

5854188975 1494 146420%4r.i.j

451.JlOilia

83is8324%1658%579i)>a7689»862 1«

19^(9%4519110 '4

Bange einee Jan. 1.

LoietsL Highttl.

45 14 June.69 Mar.13<« Mar.30 April47 Arril33 Jan.63 Feb.49^ Jan.C4>s Feb.44 Jan.10 Jan.39 1« Bept.2SI9 Apr.!l9ia Juu.

84% Oct.8 s Nov.2.">a8 Nov.50 Sept.filTg Sept.60 Nov.9114 Nov.77 Nov.941s Oct.6418 Oct.21% Oct.581* Apra461a Oi-t.110^, Nov.

* l*revi0U8 to Soittoniber range Ls for tho lji>udH.

Railroad and Miscellaneons Stocks.—That the move-ment toward higher prices was not yet at an end was amply de-monstrated this week, when the market again became active

and very buoyant, most of the leading stocks advancing sharply

and touching the highest figures for the year. The weekopened on Saturday (Oct. 31), with a strong market, and thetendency continued upward, with only small and unimportantreactions until Wednesday afternoon (Tuesday being a holiday)

when there was a sharp decline, due to realizing sales and araid by room traders and the bears, the result being that thewhole market went down several points. This weakness didnot last long, however, and on Thursday prices were oncemore buoyant and went higher than before, the feature beingan active and widely fluctuating market.

As has been the case for some time past, the changes in themarket were the result chiefly of a revival of speculative confi-

dence; yet there are increased indications of improvement in

railroad business, and the earnings of some of the imjKirtant

systems, especially those in the Northwest, show gratifying

gains, and this has had its influence on the market bystimulating the rise in the granger stocks, among which St.

Paul has l)een the feature, having risen 7 points during the

week, to 954 (closing at 044), and exhibiting a marked Aefrtt»

of strength. Another imjiortant favorable feature, of course,

was the meeting of the trunk-line presidents and the practical

accomplishment of the new pooling agreement between the

trunk-line roads.

To-day (Friday) the market was active and unsettled, open-

ing strong but afterward reacting, with the olose ratlicr weak.

Page 14: November 7, 1885, Vol. 41, No. 1063 - St. Louis Fed · ttmtk HUNT'SMERCHANTS'MAGAZINE,' REPRESENTINGTHEINDUSTRIALANDCOMMERCIALINTERESTSOPTHEUNITEDSTATER VOL.41. SATURDAY,NOVEMBER

618 THE CHRONICLK [Vol, XI .T.

NEW TOEK STOCK EXCHANGE PRICES FOE WEEK ENDING STOVEMBER 6, AND SINCE JAN. 1, 1885.

STOCKS.HIGHEST AND LOWEST PRICES.

Saturday,Oct. 31.

Moudaj',Nov. 2.

Tuesday,Nov. 3.

Wednesday, Thursday,Nov. 4. Nov. 5.

Friday,Nov. 6.

Salesof theWeek

(Sh'res)

Bange since Jan. 1, 1885.

Lowest. Highest.

Active RR. Stocks.Ciuiadian FacilloCanada SouthernCentral of New JerseyCentral PacificCiesapoalte & OMo

Do Istpref...Do 2drref

Chicago & AltonChicago Burlington & Quincy.Chicago Milwaukee & St. Paul.

Do pref.Chicago A, Northwestern

Do pref.Chicago Eock Island APacitio.Chicago St. Louis & Pittsburg.

Do pref.Chicago St. Paul Minn. <& Om.

Do pref-Cleveland Col.Cin.&Indianap.Delaware IjickawannaA WestDenver &Kio GrandeEast Tennessee Va. & Ga

Do pref.Evansville & Tcrre HauteFort Worth & Denver CityGreen Bay Winona & St. Panl.Houston & Texas CentralIllinois CentralIndiana Bloomingt'n & West'nLake Erie & WesteruLake Sliore & Mich. Southern.Lon^ IslandLouisville & NaslivilloLouis. New Alb. & Chicago...Manhattan Elevated, coneol..Mempliis & CharlestonMichigan CentralMinneapolis & St. Louis. .

.

Do pref.Missouri Kansas & Texas.Missouri PacificMobile* OhioNashv.Cliattanooga ASt. LouisNew York Central & HudsonNew York Chic. & St. Louis.

.

Do prefKew York Lake Erie & West'n.

Do pref.New York & New EnglandNew York Ontario & Western

.

New York Susq. & Western. ..

Do pref.Norfolk & Western

Do prefNorthern Paeiflo

Do prefOhio CentralOhio & MississippiOhio SouthernOregon Sliort LineOregon & Trans-lontinental..Peoria Decatur EvansvillePhiladelphia & ReadingRichmond & Danville. ..'

Elchm'd & West P'nt TerminalRochester & PittsburgBt. Louis & San Francisco

Do prefDo 1st pref

Bt. Paul* DuluthDo pref

St. Paul Minneap. & Manitoba.Texas & PacificUnion PacificWabash St. Louis & Pacific...

Do pref.niacellaneons Stocks.

American Tel. & Cable CoColorado Coal & IronConsolidated Gas CoDelaware & Hudson Canal . .

.

Oregon Ini provement CoOregon Railway & Nav. Co...PaclflcMailPullman Palace Car CoWestern Union Telegraph

Express Stocks,AdamsAmericanUnited States !

Wells, Fargo & CoInactive Stocks.

Albany & HusiiuehaunaAtlantioA PacificBankers' & Merchants' Tel...Burlington Ced. Eupids & NoCentral Iowa . ..

Cleveland * Pittsburg. .

.'.'

Columbus Hooking Val. &Tol.Dnbuque & Sioux CityManhattan Beach CoMil. Lake Shore & Western..

Do pref.Morris & EssexNew York I>ack. & Western. .

.

New York New Haven & Hart.Pittsburg Ft. WajTio & Chlo. ,

.I'o special.Quicksilver Mining Co

Do prcf..r.'Rich.* Alleg., stock trust ctfs.Rome Watei-town <t Ogdensb'gBt. Louis Alton & Tcrre Haute.„ Do pref.Cameron CoalConsolidation Coal....Homestako Mining.Maryland Coal Co '.

Mew Central Coal

504347

505444 ia

47'842% 439 9%

163t IG'e1112 11%

13218 132%88I3 89=0113% II414IIOI8IIIJ4'135 136123% 12416 1838 14 411s38 38I49938 1006514 65'8

II914 12138;181a I8I-2I

658 6%11% 1260216

*34

602II36I4

38

19 191a1238 12%8118 83%170% 76'8!iS 4638'371-2 371.2I

109 IO912'37 37I275 751420% 2244% 472738 2778!

IO3I3 104%!14% 1545% 4638

10218 10438'918 9I2I

18 18=812214 2278'

"28 5^ "291^;

16 16387I4 758

18'8 193811 III332 32782578 26I4

54% 55I4lis II4

2258 23I2II5I2 I5I2'

.50 513843% 451a4658 47%43 439% lOia

161a 17lO'a 11%

139 139133 133^889% 90''8

II414 11458111 Ill's135 135I2414 1241aI714 181a38 401a38 14 40

IOOI2 1021a641a 65 14120% 12218I8I4 18%

7126022638

3813514

65811^860226I4

*35135191a 191a'1238 127883% 8458'

76% 76%45 461a3712 371a

1081a 11036 367538 761221% 221a45% 461a2758 29

103 la 1043815 15*45 46 la

IO318 104389

189=818%

2258 23%44 12 46281* 287816 16%7%

181a738

193e

29 2912!19 191a211a 22%;74 741a3012 30ial558 5%

20=8 207840 40%90 901a!28% 29 %|

Ilia 11%32 321a2578 267855 56%1 II4

231a 2416 1025% 25%29ia 31381938 I9I2201a 22741a 74I3

1051a IO6I321 211a5378 555997e 1017% 1778

691a24 149899311898585638

13178%

697824 7j

9899%311a100%57

13280%

520%403890 14297889%

IO512215510

•17

5142168405891301a911a106%22 1455781018

14313 I4312102 1021a•59 62116 120

10 1078l>a II2

131a I312

24 14 25

I412 141ano ...*48i4 4913

97. 97200 200

123 1238 81a

'28 2941a 413

28 28*43 46*80 90

91a 912

70 702418 24789812 99%991a 100321a 33789978 1011456% 58ie

tl31 13280 81%

•140 144102 1021a60 6212

"116 1!20

137 137lOia III42 2

70 70I314 1314

•25 251a63 6314 I418*19 21*48ia 491aI3014 1301a

200 20013878 13913

8% 929

81a 9%

1210

131a1218

50 5OI243 44%45% 47I84212 43I2958 9%

17 I714III4 1158

1341a911151111361241a161a393812101%64

11978I8I26%11%601a

136%9314117112581377812512161a394058103 1405

12218786%

126OI2

4958 50%42% 441444 4643 43 149 91a16 16Ilia Ilia

50 50%421a 44431a 45%4379 4591a 912'

I6I2 16%;10% 10%

6% 67835 36

1351a 13718% 18%11 117882% 8478'

76% 774538 4738 3SI3

-IO914 112

135% I36I49138 94=8

116 116=8110% 11313612 13612125 125

' 1838 39%38 391a

101 11021461% 03

II9I3 1211(3!I8I4 1859'

61a 61a1118 Ills5812 61%

75%22%47%2778

1021446I4102%

9181822%45%28%17147

191130%25551

2316

75%23%48%29%10414%46 14104%

958i1838231445%l29%;17%!7

191232%267e57lis

235816%

29=8 31=8I8I4 1920% 217874 74%32% 32%5% 5%

2II4 231441 439178 92%297e 301490% 9079!

IO514 106%21% 2255% 57%973 1017% 18

6I4*33136%18%10%8214774536108%357522 1447%27 14

10178*1444102 149%17%21%44%28%17717%10%30%255438

7822I415%2728%I8I42058

1369414116%111%137=8123%10%3739

1017861119%18%6I4

11%59

13795%117%1131375912516%38%4014!10363

12114!

6%!Il5e61

6%36

I371418%11%847877%45%!37%;109%3576%!2234!48%'28%!

10314!14%46%!103%!9%18%22%45•29%17%7I4

1810%32257855791%

2315%271430%18%21=8

6I4

3413719111483=877%453834108%3574217e47 14

28101%1444102%9%

63834138%1911%8577%l46%34109%3775%22%!47%;23791031544 1

103%9%!

14,04937,90035,8449,4283,4702,5002,518150

14,775277,850

4,215115,068

4334,4405,7616,185

43,8609,51614,155

121,4007,5845,8855,771665437

2,525]3001

3,665'

7023%99%9832799956%131%77%

70249978100%3338

IOII4581328II4

31%5%22%4292293890%

10520%56959

1759

325%

231442%92297890%

1057821%57%97917%

223s 2279I

44=8 45 I

2838 29i

17% 1778!678 7 i

17% 18%'11% 1214'

31% 3214'2514 26 I

5479 563e'a 1

I23J4 2515 1527% 27%20 30%!18% 18%i20% 21%!74 7531% 31%514 5%.22% 23I44392

43%93

69 14 69 14

23 2338100 101%98 14 99 "4

98% 99=8• 50 5713138 131%78 80

140 144 *140 144101% 103 101% 10362 62% 60 62%

116 120 118% 118%

1.38 I391410% 113810% lUt

*2 3

141% 141%26 26%

14% 14%20% 20%50% 51

•7012 12

07% OSM200% 200%139% 1.39%130 1309% 11%

29 32%4% 4%

21 14 23%20 2014 1412% 13

26 26%63 6314 1421 2350% .50%130 130

29% ,30I

90 90 14104% 106

I

21 21%57% 5868914 9%'

1759 17%

68% 7022% 23%100 1101%'99 99 14'

32 32 1498% 100

I

56I4 5713158 131%7314 7953'

142 142 !

102 103%!59 62118 119

2,318,1,750

309,1012,152

55,0651,4001,910:1,2002,8159,8057,790

118,80515,935

8453,400

71,8073,0102,570

140,650'1,100

13,4109,1647,3007,4702,9757,860

29,0151'24,778

9,84110,1401,000435

120,5404,970

84,4571,900600

5,3709,2956, .5602,2984,5093,606

13,64,53,410

155,4422,7502,010

1,1913,5504,464

10,9121,960

12,70557,6953,580

•383,710

35% Apr. 2423 May 731 Mar. 2526% Jan. 313 Apr. 77 Apr. 7438 Apr. 22

128 Jan. 2115% Jan. 264%,June 8

102 Jan. 288438 Jan. 2119% Jan. 2105 Jan. 26% Mar. 31

14 July 1118% Apr. 2166 June 823 Apr. 3082=8 Jan. 22438 June 252% Jan. 154% June 1137% Jan. 1014 July 283 Jan. 6

14 Mar. 26119% Jan. 177% June138.1uly 850% Mav 1262 Jan. 222 J,in. 1611% Jan. 665 Jan. 1527% Jan. 1546% May 710% Jan. 2624% May 2914% Jan. 2289% Mar. 216 June 5

33 Jan. 781% June 1l%May 54 Mar. 25

5138 Nov. 24738 Oct. 2152 Aug. 1345 Nov. 610% Nov. 21714N0V. 411% Oct. 31139% June 8137 Nov. 695% Nov. 6117% Nov. 6113 Nov. 513979 Aug. 13125% Nov. 418% Nov. 241% Oct. 3140=8 Nov. 4IO314NOV. 469 Oct. 21122% Nov. 2I879JN0V. 47 Oct. 1412% Oct. 1564i4O0t. 142338 Oct. 19678 Nov. 4

37 Oct. 21138% Nov. 620 Oct. 2417 Feb. 2185 Nov. 677% May 2049 14 Aug. 1740 Oct. 28111% Oct. 1444 Mar. 777% Oct. 21•23% Nov. 448% Oct. 1229% Nov. 4104% Oct. 3116 Oct. 1948 Oct. 17104% Oct. 191078 Oct. 2221% Oct. 22

9i4May29 2314 Nov. 418 June29J 46 Oct. 17

1058 11%2 5

I214 1314227 27

2OOI4 2OOI4

11 11%31 14 33438 438

40 46

9% 9%22% 22%

13% 13%11% 12

I414 I41421% 21%50 50%

130 1.3096% 99

140 140

10% 1131% 32

13% 15

* These are the prices bid and a,sked ; no sale wae made at the Board.

21 2112 1211 12%

2449 S18065

55071,380

20020

600500

2,162230

1,400450

2,300648170213418224

5,0305,000300100

2,00060O300

1,1004,190

12 Jan. 17634 Apr. 14l%June 2479 Jan. 278 Sept. 3

14 July 315 Jan. 1736% Jan. ^29

% June 3IOI4 May 47% June 24

1479 Mar. 2110% Apr. 87% June 9

13 May 294479 ji>n. 191839 May 292=8 Mar. 1117% May 830 Apr. 3079 May 1218 July 3177% Feb.

"

79% Jan. 29I4 Apr.

41 Mar. 212 Apr. 306% May 7

51 Jan.8 Jan.80 Mar.66% Jiin.

21 Jan.59% Jan.46% Sept.107% Jan.53% Jan.

130 Jan. 287% Jan. 348 Jan. 2104% Jan. 2

124 Feb.8% Oct.%Oct.

57 Feb.7

1341855

Feb.Jan.Aug. 25Jan. 6

10i4Sept. 316 Oct. 1429 June 1

1 14% Jan. 284% Jan. 2175 Jan 2110% Feb. 171^20 Miir. 93% July 1122% Sept. 191 May 22

16 June 2315 May 175 Aug. 155% July 24

19 Feb. 910 Jan. 307% Apr. 6414 May 27

31 Oct. 241778 Nov. 6779 Oct. 14

1938 Oct. 141379 Oct. 2434% Oct. 262678 Nov. 257 Nov. 4I'e Aug. 14

25 Oct. 1717 Oct. 1027% Nov. 63159 Nov. 42078 Octs 2426 Oct. 2276% Sept. 1933% Oct. 196% Aug. 17

23I4N0V.43% Nov.93 Nov.30% Nov.91% Nov.108% Aug.22% Oct. 1958=8 Nov. 610% Oct. 1918% Oct. 16

71 Oct.2579 Oct,

101 % Nov.100% Nov.34 Feb.101 14 Nov.6258 Mar.

133 Oct.81 38 Nov.

122454

2029

172

145 Sept. 3104% Oct. 1962% Oct. 15119 Nov. 6

139 14 Nov. 511% Nov. 64 Jan. 8

80 Oct. 414% Oct. 24141% Nov. 427 Nov. 667 Aug. 1118% May 1921% Nov. 651 Nov. 4130% Nov. 2O8I4NOV. 4

20034 Nov. 4140 Sept. 16130 Nov. 411 34 Nov. 533 Nov. 55% Oct 26

28 Oct. 3151 Oct. 3191 Oct. 2115 Nor. 623% Nov. 421 Nov. 614 Nov. 413 Nov. 4

t Lower price is e:c:-dlvideiid.

Page 15: November 7, 1885, Vol. 41, No. 1063 - St. Louis Fed · ttmtk HUNT'SMERCHANTS'MAGAZINE,' REPRESENTINGTHEINDUSTRIALANDCOMMERCIALINTERESTSOPTHEUNITEDSTATER VOL.41. SATURDAY,NOVEMBER

MOVKMBKB 7, 1889,J THE CHRONICLEI 519KAILROAl) EAKNINU»<.

The latest railroiwl oiirniii){a and the toUU from Jan. 1 tolatest diilo (u-o Kivpu bolow. Tho stattmient includes the irroMeaniiiiKs of all railroadH from which rotumB can be obtained.The coluiiin« iiiidi«r the heading " Jiumary 1 to latoM date"furnish tho K'ross oarnings from January 1 to, and includingibe period nu-ntioni'd in tlic second column.

BOADS."irttd.

Week or Mil lss.:>. 1884.

I Jan. 1 III l.iilmt Unlr.

I«t8ft.I

1884.~

Aln. Ot. South'liiSi^piciiibcri 00,523 (tl^,270 7.-i7.,'i7(l 7.?- OOIAtuli. T. .feS. K....H.pl.iuboril,38.\.')M.'-ijl,.'ii:),«l(J 1 l,0;W,:i,t(l 1 (.m.-.^Imiii

•.S4)iiorH ' Au^ii.-.tI

llftlt. A ri)tmn:u' Si'pUMiiboTBoat. II. T. .V \V. :ir| wk Oft.Biiff.N. Y .1- I'liil. SniitiuibcrBiir.Cid.K.i N... :ta wk Oet.Canivdinii I'luilli-; Ith wk OctiCenti-al l.nva . |ltliwk(X'ttContrnl I'acllli' . I.I iil.\

C'liediiii. lit Dliio.Si'ptiinberKllz.U»x.*li.s. s.ptiiuberi

Clics. O. .t a. \V. tiipl:iiiil«>i|

Olilcftgo A Alton 4tii wk OctCUIc. tuirl. & Q. SoptiMiib.rC'lilo. .1- Must. m. 4th wk Octt'lilc. M : I . ,v .St. P. 4 1 h wk OctClilc. .t N.utliw

I

till wkOottCli.St.l'.Miii..<:0.iltli wkOctCUio. A W. Mieli.|;til wk Oct.Cin.Iiiil.Mt.T..A:('. Ith wk Octdn. N. O. .vr.l'.iSi.ptpiubiT:riii.\V:nh..v Hall -M wk Oct.l

2-',070ll--'.<)7li

n.37t>U:)H,.'it)8|

78,8872l)'.).000

;i7,47r>

14..Vi8114,i5l310,105

2'23,S«IIn2,.'587,

2.^.'>,ooo

41,0811,370,20!) 1,3(18, !»!MI,

30<J.Oi)7| 3t>3,l(Kll72,.') 1!) 7(i,2.->2:

13S,H1>2 ]17,!)1(118H.ti:ii) 211,40;i'

i(»7,ri!M

974,260372,400

2,.'<t>ii,7iH>

(i,7))().(l.". I

l.()."il,H7(i

7,02m, X(l(i;

2,4ri 1.021.'>oo,r)00i

I.IOS.OII!o.-'vaii.iris!

144,OSO003,207304,011

2.i':i.V,s'->'7

>H,:,!i7

I,'J07,70,'-.

H.(IHO,2082,ll-<3,l33

rir.7,2 1

1

Olio, 1207.'.'l>2,7IMi

condition of the AModatfld Bwtka o( SSw Torik Ol^teSw«ek ending October »1. tmT^ ^ *^

:,i>4o.o:i:>|2,707,1 10] io.i).->i),i ii!ih,.'>o.-,,s2.'">

[:ifv.\kroii,vt'ol 3 1 wk GotCh'V.Col.C.AIiid August ...'

Dauliury & Nor. September 1

Deiiv. & Klo Or 3d wk Oct.lDenv. A R. O. W. 3d wk Oct.Di». Mo. * l'"t.I).13il wk Oct.'Dct.lj»iis'x,t No.ilth wk Octr>ub.JiSii)iixCitv Ith wkCH't,E.Tciiu.Vii.&tiii. 3 wk.si Oct.!Evaiiav. & T. Il.]3d wk Oct.'Flint & I'. Miin].'3 1 wk Oct..Flor. K'wii.v & N.;3d wk Oct.Floridu 8oiith'n.,Julyit.Worths Di'ii. IstwkOel.Gal.Hiir.AS. Au,' August ...

Gnuid Triiiik . . ; Wk. Oct.31Or. B.W.itSt. r. Septciubi-r

'

GulfCoI. .tS. FciOclobor...Houa. & To.t. O.Aunnat ...|

Ill.Ceiit.(Ill.&.So) 4Hi wkOctDo (Iowa)' Ith wkOct

ilnd.BlooiM.AW. Ith wk Ooti:.C'.Ft.S.Jiaiilf.;3d wk Oct.Kan. C. Sp. & M.Sd wk Oct.Kentucky t'ent'lISi^ptomher.L-Rk.&Ft.Smlthl Augu»t '

L.Kk.M.Kiv.&T.'\uf,'ust ...;

Lonelsliuid jlth wkOcttLa. & Mo. Rtver.iJuly

i

Louisiana West.! Aui!u«t '

Louisv.ife N»ahv.l4th wk OctMiinhattaii Elevl2 wksOct..Mar.HoiiKh.ik 0.[3d wk Oct.Meiu. & Cliaiics. -September

j

Moxlciiu ('eut'l.|4th wkOct!*Mex.N.,all lines Scptciuber ',

Milwaukee .k Nollti wk Oct!Mil.L.Sh.& West. 4th wk Oit'Minn. &.St.Loui8!.\u^'UstMobile* Ohio ..|i)iti)l>v'r ...

MorKan'8 La. &T. = \njfuatKash. Ch. ASt.L.jScptcmberN.O.*Northcn«t -S.-ptcnibcrS^f.Y.L.K^ie AW. August ... 1

N. Y. Pa. & 0.[ Vu^'Uiit....

N.Y. & New Kng.j.StptcmbirN. Y'. Out. & W..l8ipt!ni!icrM.Y.Bus ([.ife West! SeptemberNorfolk & WcHtNorthern Ccut'l.Northern PacitlcOhio <& MissOhio Southern .

OreKon 'fP- Co.Oregon Short L.Orog. R. A .V. Co.Penniiylvanla...Peoria Doc.&Ev,

Octi)berS.'ptcmberOctober...:SeptemberOctober .

.

AujjiLst.Vu.^iust

I

October

"> 1,30.1I.IMI.IKH);UU0,2IKI200,2IM>;27,00,">,

73,.'>02l241,22.'.

32,477i9.77;>

321,22s!24,4781

140,210;27,00010,81840,.523

21,800i204,I20|18,03.->|

41,04220,20310,12l!9,803 i

270,23.')

32.'j,440l31,7011

200,0111240,108,313,800,40,30001,73ol53.4,57

1

20,01289,204.30,711120,34256,10242,00747,430

414,00")2«0,r)0722,088;

105,10590,000

115,323,1 8.820.-.2,<13.-)

I'.'i'.riiii)

32:i.oi;i;

lo-2.sii.->

ir...-,s.-.,

.437,318:411.338)3i:),312:187,27.-)105,354'202,304504.754,.521.881314,01952,130

275,003180,128,054,700

41,582: 1.312,800, 1.277,7308tiO,.50!l 10.137,050 18,013,123800,100110.085,251 1 0,51:1,013225,0OOl 4,757,7331 4,700.783

1,024,430,' 1,220,1881,073,072, 2,035,:i741,010,0151 1,015.5741,316,148 1,43S,I20394,4.58! 302.002

2,2,52,0251 2.117.121108,251 15S,583

4,814,770 4.3.5O.201800,335 030,715207,818 280.102

1,000,282! ].U.',034720,237 7liJ,U51

3,102,558! 3.103.03200-4,2001 (i0s,300

1.521„303i 1,801,927745,501 760,707

7,04080,048

242,79730,3209,430

341,481,21,6001

128,00717,9308,811

45,151

1

28,206!279,58215,64342,825

1

16,98312,39418,.582

220,751368,073!23,581:

211,001193,878273,81150,23156,03249,01424,80799,89137,13824.705|40,78850,24037,074

353,6811,003,3.58

1,372,3341,234,1018,005,5101,320,5711,071,0221,908,0851,212,113623,350321,387185,360

2,476,219300,643377,812

114,084111,361,5752.50,91213,3.59 716,124

110,384 896,15997,38l! 2,807,410

117,382' 1,150.548' ~ -162,713

1,095,20711,220,02311,537,035!2,433,301

j

1,507,8H(!413,810

17,12331,750;

138,5751212,4.50240,700,210,580,27,133

.534,427:482,030,281,038205,31805,4171

203,208;470,811,

l,401,51i;357,15240,313;

270,12000,428,

482,200

370,3201,718,808

1,424,8911.425,1858,310,8031,100,0801,049,0341,892,081899,965.677,154306,003201,000

2,418,270304,702285,108

11,170,742

0.830,082110,01!:

750,128085,019

2,405.2571,188,250431,810031,513

1,120,0401,022,1432,0.^0, i;051,701,1:1227:i.:i52

New YorkMaohattan Oo

.

Harohaota'Meohanlot'UnionAmnrloaHbenixCItT

,

TnulunsD't ...,Falton

,

OhAinloalUnreliantu' Kioh.Oallatln National.Bntchem'A DroT.,Maohanlon' ATr..Ormnwlol)Lrattaer Mannrra.BcTeolh Ward....State of N. YAmerlo'n KxoU'ire.CoruiiioroeBroadwajrUansantllePaolflcRepublicOhathamPeoples*North America...HanoverIrvlDKOltlzeus' ...... ....Naanan . .....UarketSt. NicholasShoe A Leather..Oom Exchange.. I

ContinentalOriental I

Importers'^ Trad.Park I

North River '

East River i

Fonrth National..!Central National..Second National..Ninth National...PIrst National I

Third National ...;

N. V. Nat. Kioh.,BoweryN. Y.OonutyGerman-.Vnierlc'n.Chase National...Fifth AvenueQerman Exoh'nge.GlennanlaDnitetl statesLincolnQarileldFilth National....B'k of the Meirop..West SideSeaboardSixth National....

*.1I».0M','.»8H,ogai.i>ii,4r-Ltin.oi

, lO,"!!—i,a 11,400.110 0007,70J.noo^l^n.Hoo

LSMS.HOO9,7»7.2 10

6M7.7llOi9H.I,^00V)I4,S0Ului.noo121,8 1077:1,300as 2,4DO447,200

5,823,0004,l:<6,100l.S44,S301.787,8H»4ilJ,700

2,ir>-!.30087:1,8002:19,400627,»00

3,:il8.:<00

748.300847.0004eB,O0OlS4J,0,)0

470,7001,201,00075^700870,100271,000

2'2.o47,6)0| 0,aB.\30018.433,600 6.607,6001,»78,((00 113,0001,1-0,800 231,(100

18,390,100 4,819,800P,071,000 2,',i01,000

e*m."

Total.

2,7J 1,0008,333,6ao!

19,lBl,8oo!4,69l),70(ll

1,271,7002,138,3002,175,7002,743.8,10.t.Oil.SOO2,797,3001,SU0,400l,'J8l,40O2,431,100a,093,6,')0l,-'90.9001,101.7002,931,5001,436,7001,821,400l.Si6,3au

590,0001,860,8004,402,7001,842,4002e9,:ioo499,600301), 100628,1005 ,HAO0!)14,400270.000420.200

1,7.5S,200423,2)0187,10010-1,3 JO8 12,700244,000186,10049),5a0

214.41)01,636.0001,2311,700,241.00073B.8001»4,000228,000433.000lii).-iifo\

334,600470,400229,000;237,8002n,690197,7001.11,400481,000lttl,000867.80086J,0OO040,900

1.80i,600167,00087,000

l,2r2,000429.000311,000349,600706,900607,800143,2)0227,00034 1,400174,700814,50078.3001

810,0001246,800197,300'243,100137,600164,600448,9002:10,600211,0(10109,300

344,360,300 97,034,200 27,817,600 384,479,200

0O,OO6

2,600487,00044,400

691,4008»8,:i0046,UUO

iii'.noo46,000

ian,000164 700287,200

iiiVioo

i'ls.odd

loi'sdd

9«4'50046,000

46,000

180,00043,400178,100131,900

108,000

9,992,400

The following are totals for several weeks past:

1885.

3,1 14,ls;i2,182,58011,101,000|803,518

2,227, 1003,005,0180,321,5002,000,147377,075

1..805,8051,13S,918

73

September 14,270,028:4, 1.58,871 '33,237,632:M WkOct.' 13,288 15,5.30' 583,073

Phllu. &i;ric ...;8ipten;l);-r 3:18,775; 352,205' 2,361,022Phila. A ReadiuK September 2, 8O0,:i8S 2,870,451 21,003,101

;i,<ii)o,s:)o

2,410,5001 ,400,052750,100

2,10 4,0124.085,00910,738,6072,788,070370.116

2,214,800501,027

el,'

;i7;i,o:i3

80,1.50l03,100102,00i)

107,:iO445,80430,420;

104,303!33,725'27,47018,530114,1121

17 1,000

1

00,058

II 1,574,007

36,399,099618,604

2,661,70623,101,923

337,3801,27051,13040,071

170,20842,87030,03

1

175,205,20,71830,05118,08111,460,

107,4.5355,514

998,858 1,014,8 •«:

113,427| 109,599

r-10,13l! 586,212

11,172,2.54 12,010,0512,82:i.8 1l( 2,700,500

Do (,'. & Iron SeptembiEichm'd ADii 11 V. SeptemberCh. Col. ik .\ii),'. '.SeplcmberColumbia.\£<!f. .SeptemberGeorijia Pac. . .SeptemberVa. Midland-. [SeptemberWeat.No.Car Sc.itember

Koch. A Pittsb'g 4th WkOctKomeWat. AOg. AugustSt. Jo. A Gd. lal. :id wk Oct.St.L.AltouAT.U. 3d wk Oct.Do Branches :id wk Oct.

81. L. F. 8. A \V. 3 I wk Oct.St.L.ASiin.Fian. 4th wk OctBt.I'anlA Diiluth 4th wk OctBt.P. Min.,\: Man. Oct. bcr ...

South Carolina. .ISaptemberBo.Pac.Comp'y--

Atlaii. System An,11 '<t'

PaciHc Sy-stem Aui,-ii.st ... l,0O0,302'2,240,456Texas A N. O--. Aunuat ... OS.IOO! 75,.502Tex. A St. Louis 2d wk Oct. 37,032, 34,101Union Pacllic... September 2,518,122 2,480,827 18,378,77s 18,274,2,52Vicksb'g A .Mer. S.ptombi^r, :i0,018i 41,4831 200,331' 335,023Vicksb.Sh.AP.ic. September, 30,001 :t5,52l| 250,803 135,262

501.115451.l;i7l45S..112I

1,131.7S5:«7,51l,

1,IM)2,023|1,000,002841,822!000,212585.82S500,lSli

3,544,100,1,097,1 71i

5,038,008781,2491

511,120418,743:iOI),140

1,181.174318,328045,296

1,058,755

l,070',(>i)8

50 1 ,222401.140

3,801,0221.058,1306,015,118810,011

5,315,833; 4,032,206

631,272! 54i',597

Wab. St. L. A P. j8epteiuborl,230,100|l,427,875, 10,100,124IWest Jersey... SeptemberWisconsin Cent'll3 wk.s Oct. I

125,12380,1461

131,406,85,359!

1,018,0501,145,651

11,107,8851,060,8161,110,206

* Mexican ciirrency.tEinbrao<« tho 1,650 miles north of Goshen now oomprialQ;

Central Pacillc avstcin.! Not including Indianapolis Djoatur A Spriiigaeld iti either year.

J Not inciiidlni,' carulogs ol New York Pennaylranla A Ohio road,il And branoboa.

the

Loam. Svtofe. \L. Tmiten.\ Dep<uiU. lOlreuiaUon

*9.737,9009,701,21)0

An. CUar'm

« t s $J'lylS 307.6^7,700,116348200 45,198,100;387,883..100

•• 25 308,H3.-,i00 1157:13400 44,876,200 385,085,700Aug 1 :108,:10,»,»00 U5493a0U 44,980,800 3^3,001.600" 8 :il2,88.t,'.'00 H69!!iij00 4:J,259,!lOO »S8,si«,100'• 16 ;U4,9lO,HO0 1141)11800 42,001, IbO :iS8.239,:flK)" 2J 317,554,700 113970l)OU 40,322,700 :t91,801,S)00 - „•' 29 320, 112,500 115835000 39,010.400 391,140,800, 9.88«.2lH);443,9»8,80a

S'pt 5 324,855,800 114:101400 .<5, .'97,300 300,803,800 9,707,:<OO 478.800.620•• 12 :126,'O8,5OOllll0»450O 3..,172,400 389,124,000 "^" 19 32,S,287,6«0 11025:1900 3:i,«58,H00 :i88,!31.5O0" 28 ,<28,0S9.100 1092 .4100 32,171,800 :l.S3.il77.200

Oct. 3 330,75l>.300 1070913')o|:10,747,9l)0 3S.3,3I»),000" 10|331,9(10 300 1IH472HOO 28,506,100 3S7.29H. 100" 17 3.<5,473.00ll !0.)lj;o;10n 27,872,300 :lS7.79i),400•• 21 34I),247.1I1I)|1OOd17.'.O0 21,717,500 3S5.1Si».i>00 lo.ilOS.'iOO S-!'*. <73,018' 31!344,3li0,8O0lU,'.O31.'iOol.i7.5l7,8O0!3S4,4r9,2O0 V.JM.iW), i)05.2 11,38

Boston Banks.—Foliowing are the totals of the Bostonbankw

571,843,331i4s.434,04T

9.875.200 6 10.001,4889.8.'!.,2O0 392,4-24.2479,i49.ill0 197.961,7879,844.1100 510,399,463

9,755,900 184,5:)7,668i»,73H,100i l.Ml.7.i3,380ll.Slll.tiOO 471.052,0489.K05,-'iOO 372,1178.2779,9 2.1.Sil0 (J51l.56l),548:i.93H.riO() 71)2.00).83 >

1885.

J'lylS•• 25

Aug 1•' »" 15" 2-2

" 29S'pt 5

•• 12,

Loatu.

150,470,7001 60,935,500151.681,900152,058,2011153,276,400152,9d5,.)0O152,931,200I52,999,:100153,167.600

Speeit. \L, Tmdm.\ DtpoHtt.' CWcutaUon Aft. CUaftt

99,365,9008,.S»7,00O8.889,1008,779,2008,789,3008,782,1008,785.500S,6SI,7008,814,300

l(«I31,811,300l 8,8.2,700• 2d 160,653,300

Oct. 3 151,388,000" 10 15:1,718,100" 17|153.161,000" 21 163,011,100" 31 1 153.708,400

8,8i8,5008,383,0008,i'83,:i008,97«,70o8,86 ',1003,S38,800

* • « *8,031,300 112,422,000 21.792,100 68.411,1515,101,700 ;r2,3« 1.600 2 1.8^:1.000 58.51'2,6T66,0.12,400 11 1.891.800 21.830.'.0U 53,701,3015,194,000 111.4.'^ >">'< 'I 7,1 ''IN 49.330,6765,083,000; 112.'.' 84.005,8094.722.UOO IM.:> 81,814.9504,818,:100 111), , , 52,o77,l504,820,200 100,0 18,100, 21,.3:11, 3"0, 57,880,9134,I91,.300 10fl,S16,300 21,817,700 61,402,3014,181,800 IIO,4ll.6UOl2l,438,-iUOl 63.438,3*14,578,101) 108.338.100 21.117,600 61,600,0064,758,800 110.015.300 21.405.400, 88.609,5184,»37,»(H) 112,71.1,200 21.422,800, 72,426,4894,449,000; 114,938,OOo!2 1,4 17,200! 75,440,8884,849,800. U5,s:l6 200,21, '.81.800, 78,729,9885,531.2)01 116,9 lO.lOol 2 1.333. Tool 78.974.841

Philadelpliia Banks.—The totals of tho Philadelphia bonkaare as follows:

1886.

Jnly 18.• 25

Aug.

Sept.

Oct.

18

15322961219....26810172481

Loans-

76,373,00076,050,00076,816,90078,917,60077,280,20078,202,50078,285,20078,642,86579,083.20079,137 80079,'2-33,6 o79,797,80080.160,90080,143,20079,077. iOO80,142,700

Lawful Sioney.

$27,39S,S0027,819,»O027,623,90028,108,90028,073,SOO27,5:12,70027,7.)l,80O27.738,87028,127,600'28,2 "1.30027,355.60087,719,10028,210,70028,»79.IM1039,65l>,30030.48l,iu«>

DepoHU.'

79.688.60079,044,70080,160,90079,388,70080,233,70080,827,000^<0,808,UOO80,l<04,80e81,865,5uO8J,785,6U082,403,00083,061,001)83,037,1008t,(>83,60088,250,1008H.lilH.8'0

Oircutofion.

•7.361,6007,303,5007,281,5 107,3t<3,40<)7,429,8007,135,4007,314,6007,313.6007,835.7.M>7.360,9 -.0

7,406,0307,393,6007.894.&007,894,50117,432,5007.417. 3".)

im- Cntm'm

*47.544.5M43.91S,9B40,28»,T4a39,833,89942.684,64118.075,23938,8l>7,8«044.240,5M40.138,18748.0»6,9T*41,203.97160,974.97t47.876.90763.991,06S54.»48,619

*lBOladln( tno item "uue tu oiaer uauaa."

Page 16: November 7, 1885, Vol. 41, No. 1063 - St. Louis Fed · ttmtk HUNT'SMERCHANTS'MAGAZINE,' REPRESENTINGTHEINDUSTRIALANDCOMMERCIALINTERESTSOPTHEUNITEDSTATER VOL.41. SATURDAY,NOVEMBER

520 THE CHRONICLE [Vol. XLI.

GENERAL QUOTATIONS OF STOCKS AND BONDS.

Quotations In New York represent the per cent value, whatever the par in vv be :other qiir)t ui )n? are freanonnly mjle prtr share.

?hrfoCwin4bhrlvT«tloTs are often Ssed, vi. :" M " for m,rt,age :

•• ?,•" f'}^ «;>'«• ''^l- ""• Si^'-'^^t^el: " ena.." for en iorsei;

oons..

lor consolidated? "conv.," for oonvortiblo ; "a.f.." for sinkln? fii-.rt: "I. g.. /»/ 'and «"•»•»'

Quotations in New Yorlc are to Thursday ; from other cities, to late mail dates.

Sabscrlbers will coafer a Btyor by glylng notice of aay error dlscoTCred In these^uotatlons^^

United States Bonds.

UNITED STATES BONDS.4>18, 1891 rtg.. Q—

M

4>M, 1891 coup.. Q—

M

48, 1907 Teg...Qr-J4b, 1907 coup.. -Q—

J

38, option U. 8 reg-.Q.—F.6s, Currency, 1895 reg—J&J68, Currency, 1896 reg J&J68, Currency, 1897 reg—J&J68, Currency, 1898 reg.. ..J&J68, Currency, 1899 reg J&J

STATE SECURITIES.Alabama—Class "A," 3 to 5, 1906...

Class "B," 58, 1906Cla88"C," 4s, 19066s, 10-20, 1900 J & J

Arkansas—68, funded, 1899 ..J <fc J

78, L. K. & Ft. 8. issue, 1900.A & O78, MetcphlB & L.R., 1899. .A & O7e,L. B. P.B.&N.O., 1900..A & O78, Miss. O. & R. Riv., 1900. .A & O78, Ark. Central RR., 1900.A & O78, Levee of 1871, 1900 J & J

California—6s, civil bonds, '93-95.*

Oonnecticut—5s, 1897 M & NNew, reg., 3^23, 1904 J&J

Delaware—68 J&J"*

District of Columbia-Cons. 3-658, 1924, coup F&A3-658, 1934, regFunding 58, 1899 J&JtPerm, imp. 68, guar., 1891. ..J&JiPerm. Imp. 7s, 1891 J&JlWash.-Fund.loan(Cong.)6s,g.,'92lFund. loan(Leg.)6s,g.. 1902 Varl

Market stock, 7s, 1n92..Water stock, 7s, 1901...

do 7s. 1903...Ilorlda—Consol. gold 68 J & Jeeorgia—68, 1886 F&A

Bid. Ask.

112%113%123%1237e103 ?l12938130«8132%134''8

137

95J«1059310691915151892

fl03103103

112Ssl1135?124124

I16ipiieit11111512011516122»iI2OI4130130113102

1031a111

84

48 13101110%

106

78, new bonds, 1886 J & J lOSHi78, endorsed, 188678, gold bonds, 1890 Q-^88,76, '86 A&O

Xansas—78, long J&JlA)iusiaua^J<ew con. 78, 1914..J&JStamped 4 per Cf^ntBaby Ijonds, 3s, 1886 F&A

Maine-48, 1888 F&AWar debts assumed, 6s,'89.A& Ol

Maryland—68, exempt, 1887...J&J«8, Hospital, 1887-91 J&J68, 1890 Q—

J

^8, 1890 Q—

J

3-B53, 1897 J&JMassachusetts—58, gold,'91-94 A&O

58, gold, 1894 J&JI5s, gold, 18a7 M&S

Mlomgau—7s, 1890 M&NMinnesota-New 4ias, 1912 ..J&JMissouri—6s, 1886 J & JFunding bonds, 1894-95 J & JIiOng bonds, '89-90 J&JAsylum or University, 1892.J & JHannibal & St. Jo., 1886... .J & J

do do 1887... .J & JFew HampsWre—58,1892 J&JWar loan, 68. 1892-1894 J&JIWar loan, 6s, 1901-1905 J& Jil30

Hew Jersey—6s, 1897-1902....J&J* 12568. exempt, 1896 J&J* 118

98

114

104

117117

1151^1211s

121

7450102111112115

106 If!

109II6I4119>a112101102118109113104101109114

112

CiTT Securities. Bid.

114lie's121

Hfcw York—6s, gold, reg., '87. . -J&J6b, gold, coup., 1887 J&J68 gold,1891 J&J6e, gold, 1892 A&O«s, gold, 1893 A&O

Wo.C»rolina—68, old, 1886-'98..J&J6s, N C. RE., 1883-5 J & J U68, do A&OHOa do 7 coupons off J&J68 do 7coupon8oir A&O68, funding act of 1866 1900 J&J6b, do 186S,1898A&066, new bonds, 1892-8 J&J6b do A&O68, Chatham RR A&O6e, special tax, class l,1898-9A&o6b, do class 2 A&O68, do W'n N. C. RR.A&O68, do Wil. C. & R.. A&O4s, new, cons., 1910 J&J68.1919 A&O

Ohlo68,1886 J & JPenna.—5a, new, reg., '92-1902.F&A

4b, leg., 1894-1904 F&A„*8./eg., 1912 F&AKhode Isl'd—68, 1893-9, coup. .J &JBoatb Carolina—68, Act of March )

23, 1869. Nou-fundable, 1888.. iBrown consols

Tennessee—Os, imfuudedCompromise bonds, 3-4-5-68, 1912Bettlenient, 38

Texas—Os, 1892 M&8t7s, gold, 1892-1910 M&SI78, gold, 1904 J&JI

Vermontr-Os, 1890 J & DVirginia—6s, old, 1886-'95....J & J

68, now bonds. 1886-1895. ..J & J68, consols, 1905. ex-coup J&J6b, consol., 2d series J&J6b, deferred bonusTax-receivable coups., from cons'ls

Do from lO-lOs,Fnndlni; lionds. 3a. I!i.'i2 J&J

crrv SECURITIES.Albany, N. Y.-68,long....Varloa8l7b long.

104104112115117301651651351351010202056%

90115105118110

120

5%109 1452ifl6165110120123

41415354Ills421a595878

115128

111117133

e'^s

921161s

536266

55

I314

431s

591s!

Allegheny, Pa.—5b, op., '83-97. .Var.

4is8, coup., 1885-1901 Var.

4s. coup., 1901 Var.Allegheny Co., 5s, cp., 191c.J&J§4s, not loan, 5-10848, do 10-20858, do 5-lOs58, do 10-208

Atlanta, Ga.—78Do. 88Waterworks

Augusta, Me.—68, 1887, mun..F&AlAugusta, Ga—7s VariouiAustin, Texas—10sBaltimore-68, Fitts.& Connellsv. RB.,'86JAJ6s, consol., 1890 ft-J68, Bait. & O. loan, 1890 Q—

J

68, Park, 1890 Q—

M

68, bounty, 1893 M&e63, do exempt, 1893...M& 8

58, water, 1894 J&J6s, 1900 J&J6s, West. Md. RR., 1902 .... J&J68, Valley RR., 1886 A&O58, 1916 M&N4s, 1920 J&J

Bangor, Me.—6s. RB..1890-'94.Var.l6s, water, 1905 J&JI6s, E.& N.A. Railroad, 1894. .J&JI6s, B. & Pisc.itaquis BR.,'99.A&Ot

Bath, Me.—68, railroad aid Varl5s, 1897, municipal

Belfast, Me.—6s, railroad aid, '98.

Boston, Mass.

68, cur, long, 1905 Varl6s, currency, 1894 Var.5s, gold, long Var.l4IS8, 1908 A&O48, currency, long J&J

Brooklyn, N.Y.—78, 18906s, Water, 189163, Water, 189968, Park, 19217s, Park, 19157s, Bridge, 19027s, Bridge, 192078, Kings Co., 18SS6s, Kings Co., 1886

Buflalo, N. Y.—78,1895 Var.f78, water, long Var.l6s, Park, 1926 M&SI

Oamlnidge, Mass.—5s, 1889...A&OI68, 1894. water loan J&J6s, 1896, water loan J&J6s, 1904, city bonds J&J •

Charleston, 8.C.—68,8t'k,'76-98..Q-J78, Are loan bonda, 1890 J & J78, non-tax bonds48, non-taxable

Chelsea. Mass.—68, 1897.water loanlChicago. III.—78, 1892-99

68, 189541SS, 19003-65S, 1902Cook Co. 7s, 1892Cook Co. .'58, 1899Cook Co. 4iiS, 1900West Chicago 58, 1890Lincoln Park 7s, 1895West Park 7s. 1890South Park 68, 1899

Cincinnati, O.—6s, 1897 M&Nt7-30S, 190248 : J&JISoutliem RR. 7-308. 1906. ..J&J

do 6s, g. , 1 906 M&N I

do Cm-. «8, 1909....F&AIdo 8kg. fd. 5s, 1910M&N t

Hamilton Co., 48 <

Cleveland,0.—78, 1887 Var.i7r. 1894, funded debt A&O78, 1896, canal M&t68, 1898 Var.58, 1887-89 Var.

Columbus, Ga.—78 Var.Covington. Ky—7-308, long7-308, shortWaterworks, 1890

Dallas, Texas—8s, 190410s, 1893-96Water, 8s. 1900

Detroit, Mich.—73, long Var7s, water, long Var.i

Elizabeth, N. J.—New 4s, 1912.,I&JFall River, Mass.—68, 1904.. .F& Ai5s, 1894, gold F&A I

58, 1909 F&.4.(Fltchburc, Mass.—6s. '91,W.L. .J&JGalveston, Tex.—8s, 1893-1909.M&S

58, 1920 JJijDHartford, Ct.—City 63, var. dates..Capitol, untax. 6sHartford Town 41S8, untax .. ..

Haverhill, Mass.—6s, 1889... A&OIHouston, Tex.—lOs

6s, funded[ lndianapolls,Ind.—7-308.'93-9, JAJIJersey City—6s, water, long, 1895..

78, water. 1899-1902 J&J7a, improvement, 189 l-'y4. . Var.78, Bergen, long J*JHudson County 5s, 1905 M&SHudson County, Os, 1903 J&JHud8(m County 78, 1891 JjiDBayonne City, 78, long J&J

Lawrenc*. Mass.—68, 1894...A* O

I

6s, 1900 A&OLong Island City, N.Y—WatRr.7B,'95

10010010010099991001001111121111021s105115

Ask.

106105101101100100101101

111%111107112

113126128

I25141121s1081221121161031021s103

1311191sI2lisH3106117114129140148140lr>0

110103114i2d110101120122%132

103

120

101nilsin»i

112125114120lot103105

13-^

119%122116107118110130142i.-.o

141152111104

louisvllle, Ky.—78, longdates. Var.l7s, short dates Var.l68, long Var.l68, short Var. *

58,1890-1900 M&NLowell, Mass.—6s, 1890, W. L.M&NILynchburg, Va.—6s J & J

88 J&JLvnn, Mass.—68, 1887 F&AIWater loan, 6s, 1894 J&JWater loan, 6a, 1896 J&J58,1905 M&NI

Macon, Ga.—7sManchester, N.H.—68, 1894....J&.TI

68, 1902 J&J48, 1911

Memphis, Tenn.

Ta.'sing Di»t. of Shelby Co., TennMilwaukee, Wis.-5s, 1891...J & D

107821211161s112106991sII6I110818106102 1«

lO?!^11010414

105122123 Is

1338435

84123118

1301slook130 k1191*LI914iOO%100104122126llHls101104115103no105no961141161s621a13110811411010390106121101105 133535

106i«100

1031sIO6I4103

106

City Secdrities. Bid.

120108107lliO

103 "s

111%lor.

125102%119122114

Ask.

121111109103105112

103 1»H9is123116

/s, 1896-1901.... ..V.ar.t

7s, water, 1902 J&JIMobile, Ala.—3-4-58, funded. .M&NMontgomery, Ala.—New 38 ..J & J

5s, newNashville, Tenn.—6s, short

Is, longNewark—58, long

68, long Var.l

7s, long Var.l7s, water, long Var.l

Sev Bedford.Mass.—68, 1909. A&OI5s, 1900, Water Loan A.&O

N. Brunswick, 1?. J.—78, various3 i

1171125IO413

8210010811054155575

119128105

87

1('6

1161201221301131s95889388104113liS105125

11253

Sow Orleans, La.— Premium bondsConsolidated 6a, 1892 Var

Newport, Ky.—Water bonds 7-308..Spw York City— 5s, 190363, 18876s, 189668,1901 13478,1890 11187s, 1896 13378,1901 !l4l

Newton-6s, 1905, water loan..J&.l'13258,1905, water loan J&J 117i«

Norfolk,Va.—6s,reg.8tk,'78-85..J&J 110488, coup., 1890-93 Var. 11588, water, 1901 M&N 129%

Norwich, Ct.—58, 1907 A&01I11878, 190.5 J.&J 140

Orange, N. J.—7s, long I

Oswego, N. Y.—78, 1887-8-9 1

Paterson, N. J.—78, long Vai6s, long.5s, long4i3-<. long

Petersburg, Va.—63 J&J88 J&J8s, special tax

Philacielphia, Pa.—63, old, reg.J&J63, new, reg., due 1895 & over. JAJ43, new Var'8 yrs.

Pittsburg, Pa.—4s, coup., 1913.J&J58, reg. and coup., 1913 J&J." old

115106124116108102100116116

134'

108118122125is.-v

11*1029294IDS11413010612«1351191341431341181s

113

i'20~

i25~120110103

lis"118

99107116120100

131lOlH131120120

102121051221s1271201s103109117

10711599

65132no11611210595115124

1074040

1041a115108103109120112no119123

IOSHj117111107no114

120129100

68, gold, reg Var.78, water reg.&cp.,'93-'98...A&0-78, street imp,, reg. '83-86 Var.

Portland, Me.—«s, Mun., 1895.Var.llll3i36a, railroad aid, 1907 M&S 1122

PorrsTnonth,N.H.—68,'93,RR.J&Jl!ll3Pnnghkeepsie. N. Y.—78, water 1

Providence, R.I.—5s,g.,1900. ..J&J Iin7is63, gold, 1900, water loan... J & Jll27

Richmond, Va.—68, 1884-1911.J&J 1178s, 1886-1!I09 J&J 1385s, 1914-15 J&J 106

Rochester, N.Y.—68 Var. 1107s, water. 1903 J & Jl 135

Rockland, Me.—6s, '89-99,RR..F&A I02i»

St. Joseph, Mo.—Comp'mi86 48, 1901 79St. Louis, Mo.—68, short Var. 103 14

6s, 1892 Var. IK I4

5s, long Var. 10858,10-20 Var. 103St. L. Co.—6s, gold, 1905 A&O ISO'sCurrency, 73, 1887-'88....Var.. 105

8t. Paul, Minn.—68, long 10679, long 1138s, 1889.96 Var. 110

Salem, Masa.—6s, long, W. L.A&OI. 12658, 1904, W. L J&.7f n.iis

San Francisco— 78, school Var. 11268, gold, loug 101 Is

Savannah funded 53. consols 94iSomerviUe, Mass.—53, 1895. .A&OI 111

58, 1905 A&OI 1131sJpringtleld, Mass.—6s, 1905. .A&OI ,13078, 1903, water loan A&OI 110

Toledo, O.—7-308, RR., 1900.M & N

I

88, 1893-94 Var.liVashlngton, D.C.—See Dist. of Col.Wilmington, N.C.—68 10088, gold, con. on 107

Worcester, Mass.—68, 1892. ..AAOI 11558. 1905 A&O 1174b, 1905 A&O, 106

RAIIiROAD BONDS.(Bonds of companies *ionsoti(t(tted\

vgUl be found under the consoli-dated name.)

|

Ala. Gt. Southern— 1st mort., 1908; 107Vlb'y & Suaq.-1st M., 7s, '88.. .J&J '

Consol. mort., 78, 1906,gnar..A&0'128Consol. mort., 63,1906, guar. A&O ll6i«

lllegh. Val.—Gen. M.,73-l0s..J&J ....

East, exten. M., 7s, 1910 A&Olfooome. 7s, end., 1894 A&O' 17

991a107 1«117126

115123115

118128118138l»106

103i«81

104 14nil*1081a104 19123

128H7i«

10397113116132142

106113n5i«119108

10»112130

123

' Price nominal; no late ttaasaoHoua. t PuroUaser alBO pays aoorued Interest, j In London. J Pirt being redeemed, y, Coutions on since 'OJ.

Page 17: November 7, 1885, Vol. 41, No. 1063 - St. Louis Fed · ttmtk HUNT'SMERCHANTS'MAGAZINE,' REPRESENTINGTHEINDUSTRIALANDCOMMERCIALINTERESTSOPTHEUNITEDSTATER VOL.41. SATURDAY,NOVEMBER

NOVBUBSB 7, 1885.] THE CHRONICLE. 521

GENKRAL QIJOT.VTfOVS OP SroOKS AXD HOMD.S-Oojfrtxaio,For K»pUn»tlon« n»a Wote» « Bead of gift Pap «f Qaolatloa*.

Railroad Bonds. Bid. Auk. Bailroad Bovm.Atoll. r.>i. ,V .S.Fe— lgl,7«.K.,'UH..J*.lLaui\ ijraiit, 7ii. (f., 1903 AAi >

BiiikliiK r>iii<1,6», 1!)11 J>\tl) . .MlUiiHniiiti'iMl Th, lilUt) . J&JAA/ioU I lU8», lilOIi (Ut iiinrt.) AAO t llil

On, philii l.oiuld, li»20 M&H t»Q4>««. III'.'O A*0 104FUirciu.'A El DorMo, lHt.7«.AitO UIOK.C.TiMiiikaAW., l»t M.,7r,k.J*J I124>«

ilii liicoiiip. 7H.A&t) tlimiIf.Mi<x.A9o.P«o.,l»t.78,li)0i) AAO I ITi'tPueblo A Ark. v.. Ist, 7«, K.,1903. I I2iBoiinrii. int, 78. 1'.»10, Kiior.. JA.1 9«\WlcliltnA.S.\V.,lHt.7«,(r.,jtim..l90'.J I112\

Atlanta & Clmrlottu Air L.— l8t,78 116IniHXue. 6.1 01

Atlantic A I'BO. -l8t68,1910..J&J U'^UInooiues. 1910 J&J aS'e•Central Division, old, 68 85

rto new tis 65Baltimore A Ohio -Mew 48....AAO 10458Kolil, 19^5 FAA 10.5

BterlinK, 5», 1927 JAD ,"107

Bterllnir, tis, 1895 MA8 !I12BterUuic luort.. 68, g., 1902. .MAS !1 17

do 6.1, «.. 1910. MAN : 124Parkei-Hhurjt Br., (is. 1919.. .AAO 116

Bait. A I'life— lot, 6s,e.,1911.JAJiBt, tiiiiiiel, 6s, K., K'd. 1011.AAO li!3

Bell's Onp—Ut, 78, 1893 JAJIst.tta, 1905 FAA 106C01180I. 6», 1913 AAO

Belvlrterc Del.—Int. 6.'>, c, 1902 JAl) 1173d luort . 08. 1887 FAA 103««

Boston A AJbauy—78, 1R92...FAA 11206s, 1895 JAJ 1 120

Bo8t.Ccnc.AMon.—S.F. 68,'89.JAJ i 103Oonsol. ni()rt.,78, IS'i t AAO til*

Bost. llart.A E.— Ist, 7s, 1900.JAJ 27l8t mort., "8, f?iiar JAJ

Boston A Lowell— 78, '92 AAOIllS68. 1896 JAJ;tll8>«Ncw.'is, 1899 JAJ|fll09»

Boston A Maine—7s. 1893-94. JAJ Il2a'4Bost. .t Pnividouco—7s, 1893.JAJ 1123 »s

Boat.A Revere K'li— l8t,eH.'97.JAJ |118'4Bradri>Tcl P.oiil. AK.— l8t,fla, 1R32I 20Bradf.Eld.A Cuba—l9t.6».1932JA.r 20Bklyn HatlKtC.I.-l9t,6s,1912.FAABrooklyn Elevated— Ist niortg 1012d iiiiirt^' 72

Bud. Unul.A P.—Gcn.M.78,'9fi.JAJ 99Butt.N.Y..V:Erle— 1st. 78. 1916.JADBuft.N.YJ: Ph.—lst,6s,K.,1921.J.fe,1 •40''e

2d mort^'uwe, 78. g., 1908. ..Q—MGen. M., Os. 1924 MA.SBnff.Pittsl).«Weat.-68,1921AAOPitts. Titusv.A B.—7s,1896FAAOil Creek. Ist.M., 6s, 1912. AAOUnion A Titiisv., 1st, 7s.'90.JAJWarrenA Fr'kln.lat.7s,'90FAA

BaS.A Southwest.—68, 1908. J.AJBur. C. K.A N.—lat.5s,new,'06.JAUCons.Ist .tool, tr., 58,1934 AAOC. Eap.I.F.A N.,l8t,6s.l920.AAO

do Ist, 5s, 1921....AAOCalifor. Pac—1st .M.,7s,g.,'87.JAJ

2d M., 68, g.,end C. Pac, '89.JAJ3d M. (guar. C. P.), 68, 1905.JAJdo do 38. 1905.JAJ

California 80.— Ist, 68, 1922. ..JAJOamden A .Atl.—lst,7e, g.,'93..JAJ2d mort., 6s, 1904 AAOCons. 68, 1911 JAJ

Oaiu.A Bur. Co.—1st M.,6s,'97.FAACanada So.—Ist M..giiar.,1908,JAJ 102^2d mort., 58, 1913. MA.S 83

Carolina Cent.—l8t,68,g.,1920.JAJ 10,^

2d, inc., 68, 1915 AAO 85Catawiasa-Mort., 78, 1900.. .F.%ACedarF.A.Mln.- 1st, 78, 1907.JAJ .114Cedar R. A Mo.—Ist, 78, '91 . . . FAA 11 1 «

I8t mort., 78, 1916 .MAN 1272d mort.. 7s, 1909, auar JAD ,11934

Cent. Br. U. Pac, lata, (is, '93.MAN '104Fund, coupon 7«, 1895 MAN 103Atoh.A Pike's P'k, Ist. 68, g. MAN 100Ateh.Col.APae.,l8t,(>8,1905Q.—

F

12(1

lulHi90 •<

94 U

1251121,12 J12399 14

11J>4120100832i»,

1051('6><

109114119126

120

120>41-20 >«

103^114>«28

m:=\Ateh.J.Co.AW'..lst,63,190:Cent, of Ga.— l8t.eon8.,7s,'93rjAJ

OertiHeates of imlubtedaeas, 6s..Cent. Iiiwa—New Ist., 78 , '99.JAJInc. bonils," debt certs.", 78,.AAOEastern Ulv., Ist, «s. 1912..AAOIlls. Uiv., Ist, 08, 1912 AAO

Oent'l of N. J.— Ist M.7a,1890,FAA78, couv, 1902, assented MANConaol. .M.,78, 1899, assented.(3—JA<Uustnieiit bonds, Ts, 1903.\IANConv. debeu. 68, 1908 MANIncome bonds, 1908 MANAm. Uk.A Imp. Co., 58,1921.JAJIieh.AWllke8b.Coal,lno.,'88.MANOon8ol.,7s,Kold,1900.ass'd.(>-M

Cent. Ohio— 1st M.,(>s, 1890.. MA.«Cent. Pac—1st, 68, gold,'9.')-98.JAJ8.Joii(juln,l8t.M.,68,g.l900.AAOCal. A Oregon, l8l,6s, g.,'88.JAJ

do series B, ds, 1892

119118!||

11123%124118%

103

ioi'

41 >«

884098 ioo"

1081497

10098

1001009050441,

104

"45"

O"*

! 17117««

es

iitrt'

1104%

104 ••

"98%

88 <tll8%I

96112Oils

5102•iO

6463111106>9105

63'

10'J%83%i107901301151121271a1201a:

Bid.

.shlrc-fls, 1890-98 ...JAJll 109 1<le. A Alton-lit M. ,7s, 'Orr .1.K.l\ 1H%

HierlliK nicM \ ilHdn. Kan ('

Mls« Klv.Hri.Louls'uA Mo.U , I

do 2dBtL.Jaok8'v.AC., I

do 1st iniar.(ri(li).78,"Jt v.vodo 2d M. (3(10), 7«, '9H .. JAJdo 2d giiar.( 18H) 7s.'98.JAJ

Chlc.A Atlanlle— Ist, 6s,1920.MAN'2d. d«, 1;)23 FAA

Chic B.A (J.-Cons., 7», 10O3.JAJBonds, .58, 1893 JAl)98, 1901 AAOna, <lebenture, 1913 MANSa, 1919, luwa Dlv AAO4s, 1919, do AAO48. Denver DIv., 19'22 FAAis, plain Iwnds, 1921 MASBur. A Mo. R., I'd M., 7s,'03.AAO

do C!onv. 8s,'94 ser.JAJBur.AMo.(Neb.),l8t.6s.l918.JAJ '118

do Oona, 6a, non-ex. .JAJ 1107'sdo 4«, (Neb.), 1910... JAJ I89>tdo Neb.RR,l8t,7s,'90AAO 1 1 15do Om.A 8.W.,lst,88,JAD 1 124>i

ni. Grand Tr.. Ist. 8s, '90. ..AAO 114Dixon Peo..feU., 1st, 88,1899,JAJ tllo%Ott. Osw. A Fox R., Sa, 1900.JAJ 1 137QuIncyA Wara'w, lat,8a,'90.JAJ Ill3i«4toh'n A Neb.—1st, 78, 1907 MAS 1123

Ohio. A Can. 80.—Ist, 78, 19()2 AACChlo. A East 111.— Ist mort. 68, 1907Inooine bonds. 1907Ist, coo., (U. gold, 1931 .... AAO

Chic. A Gr. Trunk- lat luort., 1900Chl<vA Mlch.USh.-l8t,88,'89.MASOhio. Mil. A St. Paul—P. du C. DIv., Ist, 8a, 1898. FAAP. D., 2d M., 7 3-lOs, 1898.FAASt. P. AChic, 7s, g., 1902. ...JAJLa. C, Ist M., 7s, 1893 JAJ 118I. AM., IstM., 7a, 1897 JA.I 122I'a. A Dak., 1st M., 7s, 1899. JA.JHast. A Dak., Ist M.,7s, 1910..IAJChic A Mil., let M.,7s, 1903.JA.rlat mort., consol., 78, 19()5..JAJlet .M., r. A D. E.xt., 78, 1908JAJIst M.,6s, S'thwcat Dlv.l909JAJlat M., .58. La V. A Dav.l919JA,r80. Minn. 1st 68. 1910 1.tjChic A Pac Div. 68. 1910 ...JAJ

do West. Uiv., 5a, 1921.JAJMineral Pt. Div.. Ss, 1910. ..JAJChic. A L. Sup. Div., 5s, 1921JAJWis. A.Mlun. Div., Ss, 192 1 . . .JA.ITemiinlaSs, 1914 JAJlDnbunue Div., lat, Oa, 1920..IAJWia. Val. Div., lat. 6s, 19'20.JAJ! lOS"*Fargo A South.- 68. aaa.1924. J,bJ;

Chic. A Northwestern.

Consol. mort., 78, 1915 Q—

F

Consol., gold, 7s, op., 1902. .JAD 131iado do reg JADi 132

Binklug fund, 6s, 1929 AAOdo 38,1929 AAOdo debent., 58,1933..MA.V

25-VT8. deb. bu, 19t)9 MAVEBcan.AL.8up., lat, 6s. I901.JAJ 112Des .M.AMinn's,l8t.7s,1907.FAA 124Iowa .Mid., Ist M., 88, 1900. AAO ISl^iPeninsula, l8t, eonv..78.'98.MA8 130Chic. A Mil., lat .M., 78, '98. .JAJ 127Mil. A Mad., 1st, (is, 1905. .M.A8. 114Madison Exr., Ist, Ts, 1911.AAO (127Menominee Ext..l»t,7a,19l 1 J-feD 1 126 1,

10495

1109

135

Auk.

iri'

118>1

1311%103

ibSiiiif989789118%

Railhoao Bowm.

124129125126115lOU115116101°*100

ioVii98%

lilt's

113

137M

130

125'

126

Cln. Wwb, A Balt-COantlniMd)-2d liwirt. ns. Iliai j^3dn, M»-4«, i93i..r*AInis.

I

2r'u''„. ' V.'iitiVa.'.V.MAJ*Bait. Hhoil I.., Ist, 7«. 1900..JAJ

Olev. Oi. C. A I.-l»t, i». '90 MA.'«Consol. mort., 7s, I9l4 JADCons. H. P.,7«. 1914 JAJGen. oun. As, 1R34 JAJBelief. A lad. M., 7«, 1899. . JAJ

Clev.A Pitt«.^4thM..0s. 1802JAJConiiol. H. P., 7s, 1900 MA!<

aev.lM. Val.-l.t. 7».g.,'93 FAA' '»r.-lst,a«, 1910.JAJ

^. 1926 AAO'

i Val. A Tnl—Consol. .5"

Cul.AlIook.V.— l«tM.,7«.'97.AA'>do 2d M.. 7s. 1m;)2,JA.I

Col. A Toledo— 1st mort. bond*

BM.

ma«>«

100

lit

071IAtlOHvrr

io78»791,

nil11041110

do 2d mort !. .!!!tlOOOhloAW.Va.,lat,(.f.,7s,1910MAy ) 107

I'KII Mv.ll 100%HOT11191103

1321*

117lOSia I07isi1031a' 104102 iL02is

100

114

103

65

111>3

loo'slioia63%

104

Cal.A Or. C.P.bonda, 6a,g.,'92 JAJ i : 104Land grant M., Oa, g., 1890.AAO

8580U).i%107%113mi3i«IO714

idiia

West. Paeif., lat, 6a, g., '99..JAJCharl'teCol.AA.—Cou8.,7b,'05.JAJ2d mort., 78, 1910 JAJ

Cheraw A Darl.— lat M.,88,'88.AAO2d mort.. 78

Ches. A Ohio—Pur. money fd..l89SSerie.8 A, 1908 AAO68, gold. sor.B.int.def. 1908.MAN68. currency, int. def.. 1918..JAJ68. 191 1 AAO.

Ches.O A-fi.W.—M. 5-(!s. 1911. F.(tA

103III1131a104lot102IIII4101§7029

lu2>a106

115HI

101%"36"

9081

t!27lOd121lOS131131

102%

Northwest. Un.. Ist.Ts, 1917.MASWinona ASt. Pet.—l8t,7a,'87.JAJ

do '2d M., 78, 1907.MANOtt. C. F. ASt. P., 58. 1909..M.WS

Chlo.R.I.APac—B3,1917,coup J.tJ68, 1917, reg JA.IExten. A col. ,5s. 1934 lAJChic* 9. W..l8t,7s.guar.,'99..MAN

Chic, .t St.Louia- Ut 68, 191.i,MASChic3t.L.APitt.— lst,.';8,l»32 AAOChic. A Gt. East., lat, 78, 93-'95.Col.A Ind. C.,l8t M.,7s, 1904.JAJ

do 2d .M.7a,19(M..M.feNUn.A Logansp.,lat, 7a, 1903.AAOCin. A Clilc. A. L., 1886-'90

ChlcSt.P.Min.AOiu.—Con. 68, 1930Oh.St.P.A Minn. lst,68,1918M*NNorth Wise, lat 68, 1930.. ..JJtJSt. PanlA8.Clty,l8t6a,1919.AAO

Chlo. A Tomah.—Scrip, 1903ChicA W.lnd.—S.fd. Os, 1919 MANGeneral mort., 68, 1932 ....Q-M

Cln. Ham. ADayt.—Conaol.38 AAOConaol. mort., 78, 1903 AAO

do 6a, 1905 AAOCln. H. A I., lat M., 7a, 10O3.J.t.I

Cln. A Eaatern—lat, 7a. 1896 . JAJ2d mort., 78, 190OConsol., gold, fia. 1912

Cln. I. St. L. A Chic—Con, 6«, 1920Cln,A Indiana, lat M.,78.'92.JAD

do 2d M.. 7a,'87-92.JA,lIndlanapoUaC. AL., 780f '97.. .

Ind'apolls A Cin., l8t,78,'88.AAOCln. Laf.ACh.—l8t,7a,g.,1901..MA8 t HulaCln. Northern.— Ist. 6s, gold, 1 920, ....

Cln. Rich. AChlc—lat. 78, '95.JAJ 1108ICIn. Rich. A F. W.—lat, 78, g. . .JAD 1 1 10Cln. Sand'ky A CI.—6a, 1900. .FAA 1 10378,1887 extended MAi^Conaol. mort., 7s, 1890 JAD

Clu.ASp.—78, C.C.C.A I . . 1901.AAO78, guar., L.S.A .M.S.. 1901..AAO

Cln. Washington A Bait—l«f VT . iriar. I io..-<is. I<t.11 MAV

127 >B

121

110

100H17106tll3104116%120% 1231301221164113lOti

tl03>a• 120111!IHOia30265

tl01i«tlO-ttlofiiatll31 10 ji«

1 103(103 la

11/iaIl«>4

122>a1171a118

idi"

nils50

105

ids113106

35

M»7««

i'ii"

«r7%

iiio"

i<f7%89%80

101

lY9i«IM1916

T7H

1311a

139"

asi*

84ifl

35"

lid"no110120i<5S

103 19

1101041171*

.

62%* out19%1 2096

100 liW<jii

102>a

Ool.SBriiuf.AC.—

1

120 Col. « Xeill»-lst108 Conn. A Piuiaiunp90 MaaaawlppI, g., >,

. .,

^151* Conn- Val.—1st M.. &», 1922}2Sia Conn. West.—lat M., 7«. 1900.JAJ 15lljif OonneotlnK(Phlla.)—1st, Oa ..MAS 119llli» ConaoI.Rltof Vt. l8t,»s, 1913.J4J 77128 Cumberland A Pena.—lat mort 1021141a 2d raort 101123'a Cumnerl.Val.— 1st M..8s,1904.A*6'22 Dayton A Mich.-Conaol. 5(i....JAJ I103>a

1171a 3d mort., 7s, 1888. now 2d.AAO f lOSij.... . Dayt. A West.-lBtM.,68, 1903.JAj!i 11210> lat mort., 78, 1905 JAJ 1120IOO Delaware—Mort., 68,gnar.,'95.JAJIll DeLA Bound B'k— let, 7a,l905FAA

Del.Lack.A W.—Conv.78,1892 JAD 118Mort. 78. 1907 MAS

Den.ARloG.—l8t,7«, g..l900..M.'t> 118lat conaol. mort., 7a, 1910 JA 85General mort., .58, 1913 A.VO 38

Denv.AK. O.W.—lat, «a, 1911. MA.*- 72Dcnv.S.P.APac-lat,7s.l90.i .MAN 82Des M. A Ft. D.— lat. 6a, 1905.JAJ 75

do ln<M>me8 30lat mort., 6s, on extension 63

127 D.)t.AB.C.l8t,8a.en..M.C.1902MAN 118110 Det.O.HavenAMil.—E<|uip.(ls,191r< ;I08

Con.M., 5« tlir84, after 6<. .lOl-itlO^Det. L.ANorth.—lst,78, 1907.JAJ (1'20

120 IDet. M:iek.AM.—Ist. 6s.1921.AAO 30101 'i Land grant, 3 laa, 1911102

i

Income, 1921102 iDub. A Dak.—lat.M., 68, 1919.JAJ'lom Dub.AS. City— lat,'2dDiv..'94.JAj!98''8 Dunk. A.V.A P.—l8t.78,g..l900JAD.112'8 East Penn.—lat M.,7s, 1888. .MA.8104 E.Tenn.Va.AGa l8t,7a.l900JAJ113%{ lat mort.. consoL, 5a, 1930 ..JAJ

Income, 6a, 1931Divisi<mal, 5a, 1930 JAJE. Tenn. A Oa., lat,68,'83-86.JAJE.Tenn.A Va..end.,6a, 1886.MAN 100Ala. Cent., lat, 6a, 1918.. ..^JAJ «3

Eaatern.Masa.-6a, g.,1906. .M.t-' 1121%Sterling debs., 6a, g., 1906..MA.- U17

Eliz. City A Nor.—S.F. deb.,68.AAOlat mort.. 68. 1920 MAS

E^lzab. l.ex.A Big 8.—6«, 1902.MAS 92ia133 Elmir.iAWnispt-lat S»,1910.JA.I ll6i«

5s, porpetuaf. AAOErie A PIttsb.—2d, now lat JA.7Cons, mort,, 7s, 1898 JAJEqulpinent, 78, 1900 AAO

Evansv. A Crawf.— lat, 7s, '87.JAJEvana.A T.H.,l8t con.,68,1921,JAJ

107 Mr,. Vernon— 1st, 6s AAOEvauav.T.H..tChi.—Ist, bs, g.MAN

lOtfis Fitchburc—58, 1899 ..AAO5s, 1900-01-02 AAO

13! 68, 1H97 AAO110»8 78, 1894 AA()

Flint A P. .Marq.—.M. 6a,1920.AAt103 Holly W. A M., lat, Sa, 1901.JAJ92 Ft. .M:uli8on A N. W., lat 78. g.,19(».

Ft.Worth A Denv. C—lat, 6a, 192i 83Frcm'tElk'nAMo.V.—68.1933AA0 111Gal.Har.AS..\.—lst,68,g.,1910FA.» 10.5«»

'Jd mort.. 7s. 1903 JxV 103West. Div. lat, 5a, 1931. ...MAN 90%

do 2d, 6s, 1931. ..JAJOal.Hoaa.A Hen.—lst,5a AAOiOeorgia—7a, 1883-90 JA.(

68, lB89 JAJ 107GeorgU PaoiSo—1st, 6a, 1022.JAJ 101%2d mort 42

Qr.Rap. A Ind.—lat, l.g., g'd, 7a, g. f 119lat M.,7s, l.g., guld,not guar.AAO ( 1 15Ex land grant, lat 78, '99 lOi

Gr.B'yW.ASt.P.—lst,6s,l911.F.*A 772d,lncoinea, 1911

Gulf Col. A S. Fe— lat, 78,1909 JAJ 1152d, 6s, 1923 AAO 79%

Hau.Aat.Jo.-Con.6a,1911..MA.'r 117Houaatflnic—lat M.,7e, 1885. FAA ....

Ho'et-E.AW. Tex.—lat,7a,'98..MAN 83%2d, 68, 1913 lAJ

a.A Tex.Cen-Ist m.,7a,g«ar.l891 599-%

West. DIv., lat, 7s, g., 1891.. I.tJ 493WacoAN.W.,l8t,78,g„l903.J.tJ }»4iaCons, mort., 8s. 1912 AAO 79Waco A N., 8a, 1915

1121s Gen. mort. 6s, 1921 AAOlOSiallduut. A Br.Top-lst, 7e, '90..AAO103 h 2d mort., 7s, g., 1895 FAA106 '1 Cons, 3d M. 58. 1895 AAOII314 111. Cent.— 1st M.CIilcASpr.'OSJAJ120 Middle DIv. reg. 5a, 19'il... FAA,

aterllng, S. F.,5a, g., 1903..AAO(:l07 ;loi)

9t-'rltng.gen..M.,6«.g..l80a.AAO ;112 'Hi

1'23

181

95%

ioi"10911010-J100111% 11399 100102%1110% 111tin 112tllBl4 118%t l'23% 1241111% lis

8t114%

106

67

1091021^43

7822%115%

IIS

10094%

'ia\11111183% 88IIR 1119%109 I....

101 1101%!

* Price nominal ; no late tranaaotloiu. t PUTOliaaer also s/tky» acurue<l lutereab { In London, i OoupoB oil.

Page 18: November 7, 1885, Vol. 41, No. 1063 - St. Louis Fed · ttmtk HUNT'SMERCHANTS'MAGAZINE,' REPRESENTINGTHEINDUSTRIALANDCOMMERCIALINTERESTSOPTHEUNITEDSTATER VOL.41. SATURDAY,NOVEMBER

522 THE CHRONICLE. [Vol. XLI.

GBN-ERAL QUOTATION'S OF STOCKS AND BONDS—Continued.For Kacplaaatlom See Notes at Head of First Page of Qaotatlons.

Bailroad Bonds. Bid.

H04tll3113120S57Z2885

w

Illinois Central—(Continued)—Bterlinu. 58. 1905 J&D 1109Cblc. St. L.&N.O.—l8t con. 78,'97 1222d mort 68, 1907 J&D 118Ten. lien, 78, 1897 M&N 12068, 1951, gold J&D 112>aMiss. Cen., 2d niort., 88N.O..Iack.&Gt.N.,l8t,8a.'86J&J

do 2dM.,8s,'90,etf8.A&0do 2dmon.debt....A&0

Ind. Bl. & W.—l6t. pf.,7B, 1900J&JiBtmon., 5-6, 1909 A&O2d mort., 5-6, 1909 A&OIncome, 1921East. Div., let mort. 6s,1921 .J&D

do incomeInd. Deo. &Sp.— Ist, 78, 1906.A&32d mort, 58, 1911 J&J2d mort., income, 1906 J&JTrust Co. cert 20New 1st moit. 6e, funded

Ind'polis&St.L.—l8t,78,19i9.Var. 1111Ind'apoli8& Vin.—Ist, 7s,1908.F&A ,

1 1 1

1

2d mort.. 68, «., Kuar., 1900.M&N 100Int. & Gt.North.—l8t,68,1919.M&N' 112Coup. 68, 1909 M&Sl 80

Ionla& Lansing—Ist 88, '89. ..J&J lUlisIowa City& West.—1 8t,78,1909M&SFa Falls & SiouxC—let, 78,'99A&0 1 1 22%Jefferson—Hawl'y Br. 78, '87. .J&J 90letmort.,78, 1889 J&J 104

Jefl. Mad.&Ind.—lst,78,1906.A&0 tll42d mort., 7s, 1910 J&J 116

Junction(PliU.)—lst,4'as 1907 J&J ....2d mort., 68, 1900 A&O

Kan. C.ciiut'n & Sprincfleld- Is.Ss 102%K;.C.Ft.Scott&G.—l8t,7s,1908J&D 1118Pleas. Hill &De Soto, 1st, 78,1907 tl21it

Ask.

Ill125

88

01

114

Bailkoad Bonds.

112>s

123

Kansas C. Lawr. & So. Ist, 68. 1909 lilOSijK.C.St.J08.&C.B.—M. 78,1907. J&J 1 123K.C.Spr.&Mem .— 1 st.6s, 1923.M&N 1 1 %Kentucky Ceutral—Os, 191 1 . . .J&JStamped 4e, 1911 J&j 62

Keokuk&DesM.-l8t.5s,guar.A&0 109UErle & West'u-l8t,6s,1919.F&A 82Income, 78, 1899 23Bandusky Diy., 68, 1919 F&A

do income. 1920.. 20Iiaf.BI.&Muii.,l8t, 68,1919.M&N S2H

do income, 78, 1899. 24U^e Shore & Micb. So.—Cleve. & Tol.,2d .M.,78,1886.A&0 101 =8Ca. P. &A8li.,new7s, 1892..A&0 115i8Bnfl.&E.,newl)ds, M.,7s,'98.A&0 121Buff. & State L., 78, 1886 J&.1Det.Mon.&Tol.,lst,7s,1906 P&A •--.Kalamazoo Al.&Gr.R.,l8t,88.J&J I0714Kal.& Sohoolcraft, 1 st, 8s,'87.J&J ....Kal.& Wh. Pigeon.lst. 7s,'90..J.feJ 108Dlvldendbouds, 7s. 1899.. A&O 120VL.B.& M.S., cons., cp.,l8t,7s.J&J 128%do con8.,reg.,l8t,7s,1900.Q—Jdo «on8.,cp.,2a,7s,1903..J&D 120'4do con8.,reg.,2d, 78,1903.J&D 120%

iawrence—Ist mort., 78,1895.F&Alemgh Val.—l8t,68,coup., '98.J&Dl8t mort., 68, reg., 1898 J&D 1252d mort., 78, 1910 M&S 1^9Gen. M., s. t., 68, g., 1923.. ..J&D 128

I.. Miami—Renewal 58,1912. .M&N f 106V)L.RocK&Ft.S.—lst,l.gr.,7s'95.J&J 10H%I<ong Island—l8t M.. 78, 1898.M&N 123

Ist consol. 58, 1931 Q—J 108Bputh Side, Ist, 78, 1887 m&t f lOlijHewtown & Fl., let, 78, 1891lil.City & Flushing-lst,6s.l91] ...

I««*v.C.& Lex.—l8t,78,'97 J&J(ex) 1152d mort, 78, 1907 A&O 111

liOulsv. & N.—Con8.1at,78,'98.A&0 122Cecilian Br., 78, 1907 M&S lOi^ilouisTlIle loan, Os, '86-'87..A&0I«h.-KnoxT. 6s, 1931 M&S^uis. Gin. & Lex., 6s. 1931.M&NMem.& 0.,8tL, M.,78, g.,1901J&D tll9M.&Clark8T..8t'g,6s,g.,1002 F&A i [110

115117

1031191251s110123 li

111

2582228329

101%

Bid.

107 »2

1301281a121121

107110

. 0.& Mobile. 1st 68,' 1930 J&Jdo 2(1,68, 1930... J&J

Pensacola Div.,l8t,68,1920..M&SBt Louis Div.. 1st, 68, 1921. .M&S^ i" ^ ^ 2d., 38„1980.M&S»a^. & Dec., l8t 78, 1900...J&JE.H. &N., IstOs, 1919 J&DCten'l mort., 68, 1930 .

.

J&DBo.&No. Ala., S. F., 68, 1910A&O

l8t mort., sinking fund, 88Trust tonds. 68, 1922.... O—

M

Ten-forty 68. 1921 A&Nw . *^?''- * *^tl —l8t,6s,gu,'21.F&AI.'»^.N.A.&Cliic.-l8t,6tl910 j11Gen.mon. 68, 1914 a&O

^."«iV«'«-^«««-ISAlldro8coK.& Ken. ,6*8, i89iF&\Portl.& K.,Con8. M., 68, '95.A&0

^<??'Vi'' 'lip .Jim.,78, 1909,M&.SW.Y.& Man. Beach. l8t78.'97,J&J

Marti tte Ho.& 0.-Mar.&0.,88, '9208,1908 M&fi6s, 1923, new :...""j&DMem.AL.R'ck—l8tmnrt.,8s, 1907Memph.& Clmrl.-l8t,78, 191S.J&JSdmort, 7s, extended... j&jlatoonsol. 78, 1915.... 'j&jiBt, cons Tenn.lien,78,19i5 J&JW&op n Elev.—Ist, 6e, 1908, J&J2d 6a, 1899 m&N

Itoxican Cent.—1st, 78, 1911 .J&JIncomesDebenture lOa, 1890-9?.'.V.VA&b

_«erip 108,1889 JAj I

»9>4

8412106 la

511a11711 i%102 «951310696%8584ij

90 1«1121tllO1125tl06tllO110

H12ia99%87112117

i'0'7

1191a1171064814Ills821^841a

1151a112122>a

12111299%87

115103

no9788871a100

90412211212710711111279

114"1008a

121

1074838128385

*Prioe nominal; no late traoaaoUons.

Mexican Nat.—l8t, 68, 1912 ..A&OMichigan Central.—Consol., 78, 1902 M&NConsol. 5s, 1902 M&N1st M. on Air Line, 88, 1890.J&JAir Line, Ist M., Ss, guar. ..M&NGd. Riv. v., l8t 88, guar.,'86.J&J68. 1909 M&S58, coup., 1931 M&S58, reg., 1931 M&SKalaniazoc&S.H.,l8t,8s,'90.M&NJ.L.& Sag.North Ext.,88,'90.M&N

do Cons.lstM.,88,'91.M&Sdo 68,1891 M&S

Joliet & N.Ind.,l8t,7s (gnar.M.C.iMich. &Ohio-lst, 6s, 1923 ..M&NMidd. On. & Wat, Gap-li,t mort.2d mort. ."'s, quar. N.Y. S. & W..

Mil.L.S.&W.—l8tM..68,1921.M&NMich. Dlv., 1st, 63, 1924 J&JIst, IncomesSt. P. E. & Gr. Tr'k, Ist, guar.. 68

Mil. & No.—1st, 6s, 1910... J&DIst, 68, 1884 1913 J&D

Minn. & St. L.—1st M., 1927..J&Dl8t M., Iowa City& W., 1909.J&D2d mort, 78,1891 J&J8onthwe8t.Ext.,lst,7s,1910.J&DPaciflo Ext., l8t, 68, 1921.. A&O

Miss.&Tenn.-lBtM.,88,8ories "A"88, serie8"B" J&J

Mo.K. & T.-Cons. ass.. 1904-6.F&AConsplidii ted 6e, 1920 J&DConsolidated 58, 1D20 J&DIst, 6s, g., 1899. (U. P. S.Br.)J&.I2d mort., income, 1911 A&OBoonev'e B'ge,78,guar,1906.M&NHan. & C. Mo., 1st 7s, g.,'90.M&N

Mo.Pac—Ist mort.,6s,gid,'88, F&AConsol. 68, 1920 M&N2d mort., 7s, 1891 J&JCar. B., 1st mort., 6s, g. '93..A&03d mortg.ige, 7s, 1906 M&NIncome, 78, 1892 M&S

Mobile & O.—let pref. debentures.2d pref. debentures3d pref. debentures4th pref. debenturesNew mortgage, Gs, 1927 J&DCollateral trust 6s. 1892 J&JIstextenaiou 68, 1927 Q-

Morg'n'sLa.&Tex.,lst,es,1920J&JIst mort., 7a, 1918 A&O

Morris & Essex—Ist, 7a, 1914 M&N2d mort, 78, 1891 F&ABonds, 7e, 1900 j&jGeneral mort., 7s, 1901 A&OConsol. mort., 78, 1915 J&D

Nashua & Low.—68, g., 1893.F&A58,1900

Nashv.Ch.& St.L.—Ist, 78,1913 J&J• 2d mort., Os, 1901 J&J

Ist, Tenn. & Pac, Gs, 1917...J&JIst, McM. M. W.&A.,6a, 19 17.J&J I

.

Na8hv.& Decat'r.— l8t,7s,1900.J&J t

.

Natchez Jiick. & Col.—Ist, 78. lOlol -

Newark & N. Y.—1st, 78, 1887.J.WNew'kS'set&S.-l3t. 78, g.,'89.M&NN'burgh&N.Y.—latM. 7s,1888.J&JNew Jersey & N. Y.—1st mortN. J. Southern—Ist M.,new 68.J&JN.Y. & Can.-£ M., 68, g., 1904.M&NNew York Cen. & Hud.—Debt cert, cxt. Ss M&NMort., 78, coup., 1903 ,J&JMort., 7a, reg., 1903 J&JDebenture 58, 1901 M&SSterling mort., 68. g.. 1903. ..J&JNew York Central—Os, 1887.J&D

N.Y.Chic.& St.U—l8t,Us,1921.J&D2d 68, 1923 M&S

N.Y.City& No.-Gen'l,68,1910M&NTrust Co. receipts

N. Y. Elevated.—Ist M., 1906.i&JN. Y. & Greenw'd L.—Ist M. Inc. Gs2d mortgage income

N.Y.&Hariem—7a,coup.,1900.M&NN.Y. Lack.& W.— Ist. 68, 1921.J&J2nd, 58, guar.. 1923 F&A

N.Y. L.E.& W.—lst.7s,'97,ext.M&S2d mort. exten., 5s, 1919 ...M&S3d mort. ex. 4iaa, 1923 .M&S4th mort., ext., 5s, 1920.. .A&O5th mort

, 78, 1888 J&Dl8toon8. M., 78, g.,1920 M&SNew 2d 00ns. 68, 1969 J&DCollateral Tr. 63,1922 M&NIst con J. fund coup.,7s,1920M&S2dcoD3. f'li cp.,5s,1969 J&DKeorgauizat'u 1st lien, 68, 1908Gold income bonds, 6s, 1977I.K)ng I>ock mort., 78, 1893..j&D

N.Y.& .f.Eug.-lat ,M., 7a, 1905J&JIst ;aort., Ga, 1905 j&j2d mort., Gs, 1903 F&Ai

N. Y. N. H. & H.lst r. 48,19d3.J&DN.Y.Pa.& O.—l8t, inc.,aco.78, 1905

do prior Uon,inc.ae.,5-6s,'952dmort.ino3d mort. InoL'sed L.reutal tr'st'73;tni8.oer.78West. ext. certifs, Ss, 1876. .J&J

„„_"<',^„, 'lo 78, guar. ErieS-I?'''^*^ "-Geii'^s, 1899.J&JN. Y. Susq. & W.- Ist, 68, 1911.J&JDebentures 6a 1 897 F&AMidrd of N. J.-lst,6a,19l6:A&0

N.Y. West S. & Buff.-5s, 1931.J&JTrust Co. receiptsBeceiyer'a cert.

Norfk&W.-Ueu'l M.,6s,i93iM[&NNew River Ist Gs, 1932 A&ONorfk& Peterab., 2d, Ss, '93.J&J

2812

129106%HlO^s11101100

lO.Jia

1041atll0%

III714tl07120609550

111107821s891a

130141201001171a102 I

11592

1121a9OI276

Ask.

28%

111110i»101

10G>«10513111

117%107%

65100

112

859193

Railroad Bonds.

101

10514103113

113

631s373230

111101

loo's

114

961139176 ij

78

110106103%;114

I

115

64440

35I

103lOlifi'

106

1421a

124 ....:"

13. I4 ISO's110% 111llOifi 111125103

Norfolk & Wesl'n- (Contin'd)—South Side.Va., Ist, 88,'84-'90.J&J

do 2dM.,ext.,1899.J&Jdo 3d M.. 68,'86-'90.J&J

Va.& Tenn.. 4th M., 8«, 1900.J&.1do extended 5a, 1900.J&J

North Carolina—.M.. 8s. 1888.M&NNorth Penn.—2d,78, 1896. ...M&NGen. mort., 78, 1903 J&JNew loan, Gs, reg., 1905 M&S

Northea8t.,S.C.—lstM.,8e,'99,M&82d mort., 88, 1899 M&.«

Northert), Cal.—l8t, 6s, 1907. .J&JNorthern Cent.— li« per cent. .J&J3d mort., 68, 1900 A&OCon. mort., 68, g., coup., 1900.J&JOs.g., reg., 1900 A&OMort. bda., 5a, 1926, seriesA J&J

do series BCon. mort, stg. 6s, g., 1904. . J&J

Northern, N.J.—lat M.,G8,'88.J&JNorth. Pac, P. D'O Div.-6s, M&SMo. Div. 6s, 1919 M&.\Geu'l 1. g., Ist, 68, 1921 J&JGen'l 1. g., Ist, 6a, reg J&J

Norw'h&Worc'r—1st M., 6s.'97.J&.!Oi,'d'nsb'g&L.Ch.—l8tM.Gs,'97,J&.)

aiuklui.' fund. 8s, 1890 M&.';Consol. ,Gs, 1920 A&OInconie. 33 & 681920

,

Ohio Central-River Div., l8t, 6s, 1922 ....M&S

do income, 68, 1922OUI0& Miss.—Cona. 8.F. 78, '98 J&JCons, mort., 78, '98.: J&J2d mort., 7s, 1911 A&Olat gen , 58, 1932 J&D1st mort. .Springf.DiV. , 1905 M&N

Ohio SoutUern— 1st 6s, 1921.. J&D2d income, 68, 1921

Old Oolony—6s, 1897 F&A6s, 1895 J&D7s, 1894 M&S41SP, 1897 J&DBost.C.&Fitehl),l8t,78,'89-90J&J

B. C. F. & N. B., 58, 1910 ..J&JN. Bedford RR., 7s, 1894 .J&JFraiuigham& LowelI,l8t,5a,'91

Oreg. & Cal.—1st 6s, 1921 J&J2d mort., 7s

Oregon&Transeont.—6a,1922.W&NOsw.&Rome—IstM., 78. 1915.M&N

Bid. Ask

tl04105ial06

tiol11351s 126102

1281s130

127125110104120=4120120IOSI41071a121tlOO110211021sno's

10410098

183"

(113

lOlh1361sI3UI4

11201061a87555858

125202

86115

!

104''e!

106 7a122I07148713,

Panama—Sterl'gM.. 7s. g. '97.A&OSinking fund aub., Gs. 1910.M&N

tll7ia1104%tI09t9422

17%2

122122111

951a32

fl211119tl23ia1101111%113

1 120i.

105

109

102

110191191051129825

203

124122113

188

901a123110898

(100

12812913121

1101081slOl'^a12313585 14

12308103"a123110105no109 13

1261a83871a

501201215811399

:3i%UOO

*9i4

54{62118}50

591458%126

5 "

I.36I2!

124104 '

121

1051a

llOia

39

Siibsi<ly bonds, Eng. issue, Os...Paria&Dec't'r—l8tM.,78,g.,'92.J&JPennsylvania.—Gen. M.,68, cp., 1910 Q—

J

G«n'l mort., 6s, reg., 1910..A&OCons, mort., 6a, reg., 1905..Q—

M

do 68. coup., 1905..J&D 121Collateral trust, 4138, 1913. J&d'Consol. 53, 1919 J&DPenn. Co., 6s, reg., 1907.. ..O.—

J

do 1st M.,4ia8, 1921.J&JPenn.& N.Y.Can.- Ist. 7s, '96.J&Dlat mort., 7s, 1906 J&D

Pensacola & Atlantic -1st m..F&APeoria Dec. & Evausville-

lat, Ge, 1920 J&JIncomes, 1920Evausville Div, Ist 6a,t920.M&S

do Incomo, 1920Peo.& Pckiu Un.—l8t,Gs,1921.Q—

F

Perkiomen—1st M., Gs, 18S7..A&0C0U8. mort.. 6s, 1913, sterling ...

Petersburg -CUas A, 1926 J&JClaas B, 1926 A&O

Phila. & Erie—2d M., 78, 1888-J&JI

Gen. M.. guar., 6s, g., 1920. .J&JSunbury&Erie, lstM.,78.'97.A&0

[Pa. & Reading-lat, 6s, 1910.. J&J2d, 7s, '93 A&ODebenture 6a, 1893 J&JConsol. M.,78,191 1 , reg.& op.J&DConsol. mort., 68, 1911 J&DImprovement mort., 69, '97.A&OGen'l mort., 6a, 1908 J&JConvertible, 7a, 1893 J&JC.ina. 58, lat series M&NCons. 5s, 2d series F&AConv. adj. scrip, 188S J&JScrip for 6 deferred ij couiions ..

Deferred incomeIncome mort., cona. 78, '96, J&I)Coal& I., guar.,7s,'92,exop.M&S

Phila. Wil. & Bait.—68, 1892..A&OGs, 1900 A&O5.8, 1910 J&l)Trust certs., 48, 1921 J&J

Pltt8b.Bradf.& B.—l3t,6sl911A&0Pitt8b.C.& St.L.—lst,7s,1900.P&A

,

2d mort., 73, 1913 A&O•«-,;; '"'""•'••J'* ToL-Lst, G.-*, 1922. A&O9913' Pittsb.&Con'llsv.—l8t.M.78,'9S.J.feJ

959633

121 14120123%U014112>s1131*

10590

91

110

10340

102

38105

I'io10196I4

111tl20123

121

86

100

9739

'93"*

8010296%

122

117

125

174%5396

4') la

96

110

II4I33514104

i

9%|5

615255

761a5596 14

45%

lOOia96

111I PuroUaser also pays accrued interest.

Sterling cons. M., 6s, g., guar.J&JPittab.Ft.W. &C.-l8t,7a,1912 Var2d mort, 78, 1912 J&J3d mort., 7a, 1912 A&O

Pittab. McK.& Y.—!at,6a,1932.J&JPittsb. & West.— lat mortPortl'ud&Ogb'g—l3tGs,g.,1900J&JVt. div., 1st M., G8,g., 1891. .M&N

Port Royal & Aug.—1st, 63, '99.J&Jlucoine mort., Ga, 1899 J&J

Ren.&S'togiv—l8t78,1921 oou.M&NRich'd&Allegh— lst,78, 1920.J&JTrust Co. receipts2d molt., Ga, 1916 .M&N

Rioh'd & Danv.—Con..6s,'90..M&NGeneral mort., Gs, 1915 ... .J&JDebenture, 68, 1927 A&OPiedmont Br., Sa, 1888. A&O

37 381a

107 1«

126

1 In Londoo.; Coupon off.

Page 19: November 7, 1885, Vol. 41, No. 1063 - St. Louis Fed · ttmtk HUNT'SMERCHANTS'MAGAZINE,' REPRESENTINGTHEINDUSTRIALANDCOMMERCIALINTERESTSOPTHEUNITEDSTATER VOL.41. SATURDAY,NOVEMBER

NOVBMBER T, 1880.] THE OHBONICLE 523GENERAL QUOTATIONS OP STOCKS AND BOND3_Co.vt.»ucd

For BKpl>n»Uott» g— Wote. at H—< of VIrat Pac* of Qaotalloaa.

Railroad Boxds.

Kloli. Froil. A Potoiuao—6a,ext.J&JM..rl.7». 1H81-00 JAJ

K i«b., 8».'8l-'80...AA(1. Ts, mm M.dN

l: ^oikKlv. ACUO.S..38..-.1 inur(.,ii« MAN

R(k1i. A- IMtld.. l8t, 0a,1021...F.VA(•(iiiMiil. l8t, 68, 1922 JAl)

ilo Inooine. 1021RoraoWut'u.tO.—8.F.,78,18U1.JA1>

2il iii()rt.,78, 1802 J&Jr.>j,-ol.. Istex. 58, 1022....AAO111. oino 7«. 1032

Riii ,iii.i-lst M.. 08, 1002. ...MAN! s MimuMU, 2(1 iiiort., Ss ....F.tA

-I I ' Aiir. Isl'il—lsl,giinr.09,1925..'.'. iii'it., Incoiueg, ^ps, 192,5

SI I Ml.&T.H.— l8t M..78, 'Ol..!*.)

Bid.

110118

11184

112moi43110107SlU371a

tlOS179%100

114111103 >•

iii'115no112109

84 "8

102

-I molt., prof., 78,1804.... I'WA! .•„„., 78, 18U4 MAN

i 1801,

ll.,l8t,8.F.88,'9fi.AA(i8". - !. .Mt.— l8t.7a. •92,F,tA

2il imirt., 78, ff., 1807 M*NArk. Br. 1. gr., M., 7». g.. 'OS.JACairo Ark. & T.,lat,78.K.,'07.J.tl)0»iroAFul..l8t,l.K.,78,K.,'01.J&,IGen. con. r'y & 1. g.. 58.19aiAAO

Bt. LoiiIh & 8iin Franolsco—2(1 inort., class A, 1906 MANSd M., class B, 1906 MANdo olassC, 1906 MAN

South Paislflo.—Ist M. 1888 .JAJPlcircC. AO. Ist, 68 FAAEciuijiinent 78. 1895 JAI)GciKMiil nuirt.. Bs, loai JAJTrust l.ond.s, 68, lOiO FAASt. L. W. A \V., «s, 1019 MAS

8t.l..Vand.AT.H.-lstJI.,78,'07.JAJ2d mort., 78, 1898 MAN2d. 7a,iruar.,'98 MAN

Bt P. A Duluth—l8t, 58, 1931. FAABt.P.Minn.A .Man.—l8t 78,1909 JAJ2d 68, 1009 AAODak. Ext.. 68. 1910 MANl8t oonsol. 68, 1033 JAJMinn's V'n, lot, 69, 1922 ....J.feJ

St. P.A Nor. P»c.-Ut,6.s,1923.FAA I -

Bandusky.Mausf.AN.—Ist, 78,1902 fll7BaTanujili Florida A West.—

At. A (lulf, cons. 78. 1897....JAJ] lie'sS.Ga.A Fla., IstM. 7s, ISOO.MAN 'He

Aak.

116130

81 ig

38>«105>«8010349)4

60

112

109^6A\

104>4105106

100U13h103113116116113115

101100 >«

95

123

113>8

Boloto Val.—1st, 7s. slnk'g fd. .JAJ2d mort , 7e, slnk'g fd AAOConsol. 78, 1910 JAJ

Bhenandoau Val. l8t.7s.l909.JAJGeneral mort., 68, 1921 AAO

Sioux C. A Pac, 1st M., 6s,'08.JA,lSodus BayA So.—l8r,.58,K.,1024JAJ90. Carolina-l8tM.,6s,1920..AAO2d mort., Os, 1931 JAJIncome 6.% 1931

80. Cen. (N.Y.)—Cousol. mort., 6b.Bo.PacCal.—lst,Cs,g.,1005-12AAO80. Pac. , Ariz.—l8t,(J8,1000-10.JAJ80. Pac. N. M.-lst, 6s, 1911 .JAJBoutliwe8toru(Ga.)—ConT.,78,188«)Bummlt Br.— Ist, 78, 1003 JAJBanb.Haz.AW-B.—l8t,os,1928MAN2d mort., Gs, 1938 MAN

Bnsp.B.AEHeJiinc-l8tAI.,78 .

grT.Blng.AN.Y.—consol.78,'06AA6Tex. Cent.-l8t,sk.fa.,7s,1909.MANIstmort., 7a, 1911 MAN

Texas A New Orlean8-l8t,78.FAASabine Div., 1st, 6s, 1912. ..MAS

Texas A Pac—let, 68, k.1905 MASOonsol. mort., 68, gold, lOO.i. JADInc. and land gr., reg., 1015.JiUjIst (RioGr. Div.), 68, 1030..FAA

do ex Aujr. couu.Qen'l mort.A ttrui'l tis.igo.iAAON.O.Pac, 1st, 6s, gold, 1920.JAJ

Texas A St. Louis—lst,G»,1010 JADLand grant. Incomes, 1020Mo. A Ark. Dir., let, 6s.... 1911

To.'.A.Ar.AN.M.—l8t,69, 1924..MANTol.A.A. atOr.T., lst,fis.l921.JAJ

Tol. Cln. A St. Louis—1st mortIncomeTol.Del'sA B.—let main, 68, 1910

do main line, inc, 6s, 1910do 1st Dayton div.,6s, 1910do Day. Dlv., Inc., 68, 1910

1st terminal trust, 6a, 1910Tol. A Ohio Cent.- 1st, 5a, gu.l935Tol. P. A West., Ist 7s, 1917; ..a- -

Trust Co. receiptsUnited Co'sN.J.-Cons.,68,'94.AAOSterling mort., 6s, 1894 MAS

do 68,1001 MASCam. A Amb.,mort.. 6s, 'SO.MAN

Union Pacific -let,68,g.,'96-'90JAJLand Grant, 78, 1887-9 AAOSink. F., 88, 1893 MASBeg. 88, 1893 MASOm. Bridge, storl. 8s,k., '96.AAOCollateral trust, 68, 1908 JAJ

do 53, 1907....JADKans. Pac, lat, Os, 1305. ...FAA

do Ist M., 6s, 1896 JADdo Deny. Dlv., 6s MANdo let cons. M.,68,1919.MAN

Oregon Short-L., Ca, 1922 .. FAAOtah Ccn.— IstM.. 6a, g.,1800.JAJUtah 80., Kcn. M. 7s, 1909. ..JAJ

do exten8'n,lst,7s,lS09JAJDtlca ABl'k R.—Mort.,78, '91.J<feJVer. A .Mass.-Guar. Ss, 1903 MANVloksl). A Mer.—New 1st mort.2d mort3d mort.. Income

Va.Mldland- Ist Bcr.,6a, 1906 .MAS

43 14456525

105

10692

5510i!>B9998 >«

117

120

Railhoad Btocki,

Vlrgtnla Mldlnn(l-(C'ontlaued)—^d aerteii, 6s, ton HABSdaerlea, ,V6s, loio MAS4tn Beriea, 3-4-.5a. loai UMBtll M.,H...^ —In

WallM.2<1

Eqaci,.,i,„.

.MAS

'. A

,s..>i.vH

: O.AAO. , i.FAAl«»i>...JA,l

8947

40105 Is

103%10595102

110106I

ibs"136

6969

1169t>

1071 ....

46=8645814

1161 '4

3772

151%

8290Oils

112121

9736

1 02 is

i97

83

53 "s

SB's63

40

84

202

82'8'

93

II5I4lOi'8120%

116

931121121099898ie90

110Ill's82>s4315

115

114123109 '411514

120120

04

931s100959085

112905020120

•. '00,ox.F.tA."M> AAO

:t. IM03, ex..MAN1883 .MAN

...JAD

Havana Olv., 1)8, 19T0 JAJIowa Div., 6a, 1921 .MASIndlanap. Dlv., (Is. lOri JADDetroit l)lv., lia, 1921 JAJQuluoyMo.AP.,l..t,0«,na«r.l900Cairo Dlv.. 59, l!i:il JAJCona. mort.,7». lou7,con Q-FUt. St. L. dl v. . V a, 1 889 FAAQtWeat., Ul.,lst,7«,'88 FAA

do 2d. 79,'9:<....MANQ'nny ATol., lst,7i " " •. yHan. A NapUw, l»t.Ul.A 8.1a., Ist, (!«. 1

8t,L.K.C.AN. rdo Om.I),do Clar. I.,

do No. Ml)., lat __ do St. Cha's BildgeOa, lOO'sWab. Fund. 1907-Var. 78. PAA

do Various Gs PAA^arren (N.J.)—2d, 7s, 1900 .AAOW. Jersey A At. Ist M.,e8l010MASWest Jersey -Ist, 68, 1896 JAJlatmort., 78, 1899 AAOConaol. mort.. 6a. 1909 AAO

Weat'n Ala.—Ist M., Ss, '88.. .AAO2d mort., 88, guar., '90 AAO

»'n Maryl'd—i:nd,lst,6a,1890JAJlatmort., 68, 1890 JAJEnd., 2d mort., 68, 1895 JAJ2dmort., pref.,6s, 1895 JAJ2d, end. Wash. Co., 6s, 1890 JAJ3d, end., 68, 1900 JAJ

W'nNo.Carollna-l6t,7s,1890.MANConsol. 68, 1911 JA.T

Weat'nPenn.-l8t M., 6s, '93. .AAOPitts. Br., let M., 6s, '96 JAJ

Wheeling A L.Erie— 1st, 68, g., 1910Wllm. Columbia A Augusta, 6sWll.A Weldon—S. F., 7s, g., '96.JA.1Wieoonsln Cent.—Ist ser., 5s, 19092d series, 7a, 1909, If earned ...

Wis. Valley—1 at, 7a. 1909 JAJSVorc'r A Naslma—oa, 'O3-'05. . Var.Nash. & Roch.. snar.. .5a. '94.AAOKAILRO.VD STOCKS. Par

Ala. Gt. South.-Lim., A., 68,pref..LIm., B, com

Ala. N.O. A Pac, Ac, prefdo do (lef...

Albany A Susqueh., Guar., 7. . . 100Allegheny Valley 50Atchison Col. A PacitloAtchi.aon Topoka A Santa Fe.. 100Atlanta A Cliarlotte Air LineAtlantic A Pacittc 100

1 1Augusta A Savannali, leased... 100Baltimore A Ohio 100

do let pref., 6 100do 2d, oref

Washington Braucli lok)Parkersburg Branch 100

Boston A Albany 100Boat. Con. A Montreal., new. ..100

do Pref., 6. ..100Boston Hoosac Tun. A Western. . .

.

Boston A Lowell looBoston A Maine 100Boston A N. Y. Alr-Liue, prefBoston A Providence 100Boston Revere BeachA Lynn.. 100Brookli'n Elevated . . newBrooklyn A Moutauk 100

do Pref 100Bu(T. N. Y. A Erie, leased 100Buffalo N. Y. A Philadelphia

do do PrefBurlington C. RapidsA North. .100Cairo A VIncennes, prefCalifornia PaclfloCamden A Atlantic 50

do Pref 50Canada Southern 100Canadian Pacillo 100Catawisaa 50

do let i)ref 50do 2d pref 50

Cedar Falls A Minnesota 100Central of Georgia ..100Central Iowa ...100

do 1st pref 100do 2dpref 100

Central Museachuaotts 100do iiref.lOO

Central of New Jersey 100Central Ohio 50

do Pref 50Central Pacific 100Charlotte Col. A .\ug 100Chesapeake A Ohio, common ..100

do Ist pref. ..100do 2d pref. . . . 100

Cheahlre, pref 100ChloagoA Alton 100Chlc^o A AtlanticChicago Burlington A ()uinoy..lOOChtvago A C.ina<la Soutnern(Jbioago A East Illinois

Chicago A Grand TrunkChicago Milwaukee A St. Paul. 100

do Pref.. 7. 100

Bid,

III1005697%90109\7l>*98

4»>«79

SO

82100108^8

10682

113

tfo'

98 14

601107B

4780

Railroad Stook*.

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—do ,„

Ohio. Bt. P. Minn, A On._. doChloagoA We«tMlohl«»n \(hi.Cln. Hamilton A Dayton 100'

_. .'I" Prnf ... I

)' VChle.IOO'

83

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115

120

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124

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„, ,„ Pref, 8.',0Cln. W,. , Rait 100„ lo pref. . 100Cler. Ool. Cln. A Indianapolis.. ionCleveland ,V rantnnCi- • -

,

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Coiuniiil^i «c (Jrcenvillo 100,. do Pref.. ..100

Concord 90Concord A Piirtsmonth.K'Har'.'? iooCiinncctlciit A. PanaiiiiiiMit! 100'Connecticut River )()0iDanbury ,t .Vorwalk 90Dayton A .Michigan, guar., 3I9..90

do Pref., guar., 8.90Delaware A Bonnd Brook 100Delaware Lack. A Weittem 50Denver A New OrleansDenver A Rio Grande 100Denver A Rio Grande Western. ..Des Molnea A Fort Dodge_ ^

do. do Pref..

Det. Lansing A Nortliem, com . 100rv... *"

. -, *» Pref.lOODubnque A Sioux City 100East Tennessee Virginia A Oa.lOO„ do do Pref.Eastern (Mass.) 100Eastern in N, H lOOEel River loOEUulraA WlUlamaport.S 50

do Pref., 7..50Erie A Pittsburg, guar., 7 50EvansvlUe A Terre Haute 50Fitchburg XOOFlint A Pcre .Marquette

do do PrefPort Wayne A Jackson

do do PrefPort Worth A DenverC 100Galv. Uaril.sl). A San AntonioGeorgia PacificGeorgia Railroad A Bank'g Co. 100Grand Rapids A IndianaGrand River Valley, gtiar., 5.. 100Green Bay Winona it St. Paul.. 100

do Pref.... 100HarrlsburgP. Mt.Jj.AL., guar., 7.50Houston A Texas Central 100Huntingdon A Broad Top 50

do do Pref...50minoia Central IOC

do Leased line, 4 p. c. 100Indiana Blooraington A West'n 100Indian. Decatur A Sp., com...

do do Pref... 100Iowa Falls A Sioux City 100Jeft'v. Mad. A lud'p's, leased.. 100JoIietA Chicago, guar., 7 100Kansas City Ft. Scott A Gulf... 100

do do pref.. 100Kans. City Springf.A MemphisKan. City Clinton A SpringTld. ICk)Kentucky Central 100Keokuk A Des Moines > 100

do Pref.... 100Lake Erie A Western 100Lake Shore A Micb.So 100Lehigh Valley 60Little Bock A FortSniith 100Little Miami, leaaed, 8 gnar. ... 50Uttle Schuylkill, leaaed, 7 50Long laiand 50Louisiana A Mo. Riv , Com 100

do Pref., guar.

.

Louisville A Naahville 100l/oulsville New Albany A Chic. 100Macon A AugustaMaine Central 100^ 114 ,115.ManobesterA Lawrence lOO.xlOO 1193Manhattan Beaoh Co 100> 14 ; 14Manhattan R'y, consolidated ..100Mar.i. Houghton A Ont 100

do Pref 100Memphis A Charleston 35.Metropolitan Elevated 100.Mexican Central 100Mexican National

do prefMloUgau Central 100Michigan A Ohio

do PrefMidland of New Jersey .^

Mil. Lake Shore A West 100do do Pref.... 100

MilwaukeeA Northem 100.Mine Hill A S. H, leased 50Minneapolis A St. I-oiiis 100

do do Pref... 100MKaouri Kansas A Texaa 100MIs.'idurl PaiMlle 100.Mobile A Ohio 100Morris AEssex, guar., 7 50NasliT. Chat. A St. Louia 25HaaimaALoweU 100Newburg Dutcheaa A Conn . .

.

do do pref

10861

1141*1793

221401119

801356669

11%S3

43%1505677H214149%

1031s 10924 li 2563 4 6536

It's

1331

i33 If

47 «s

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1413044

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11%917%75'!1030

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6033%47%37%103%14%

13046%148

* Frioe nominal ; no late transactions. t PoroUaaer also paya accrued interest. } In London. J Qaotatijna per ahare. H Coupon off.

Page 20: November 7, 1885, Vol. 41, No. 1063 - St. Louis Fed · ttmtk HUNT'SMERCHANTS'MAGAZINE,' REPRESENTINGTHEINDUSTRIALANDCOMMERCIALINTERESTSOPTHEUNITEDSTATER VOL.41. SATURDAY,NOVEMBER

524 THE CHRONICLK [Vol. XLI.

GENERAL QUOTATIONS OP STOCKS AND BONDS—Continued.

For Bzplaaattoas See Notes at Head of glrgt Page of ftnotatlong.

BAILBOAD 8TOCKS.

RK. STOCKS.OOSTINUED.

New Jersey & N. Y

do Pref.New Jersey Southern.N. Lond.A North'nlOON.Y.Cent.A H.Riv.lOOH.Y.Clilc.&8t.L...100

do Pref.100N.Y.& Harlem ....50N.Y.L.&W.,suar.5.100K.Y.Ii.Erie& West.lOO

do Pref.lOON.Y. & N.Eneland.lOON.Y.N. H.& Hartf.lCON.Y. Ont. <& West. .100

do Pref.

N. Y. Fenn. & Ohiodo Pref.

N.Y. Prov. & Bost.lOON.Y. 8usq. & Western,

do Pref.N.Y. West Shore &B.Norf.&West,, com. 100

do pref. 100No. Pennsylvania. .50Northern Central ... 50North'n N. Hamp.lOONorth'n Pao., com. 100

do Pref.lOONorw.& Worcester. 100Ogd. & L. Champ. 1(>0

Ohio Central 100Ohio* Miss 100

do Pref. 100Otilo Southern 100Old Colony 100Oregon & Calif.... 100

do Pref... 100Oregon Short Line...Oregon Trans-ContOswego & 8yr., guar..Panaijaa 100Pennsylvania BR. .50Pensaoola & Atlantic.Peoria Deo. & Ev..lOOPetersburg 100PhUa. &Erie 50Phlla. & Beading. . . 50

do Pref. ...50PhUa. Wilm.& Bait. 50Pitts. Cin. & St. L..50Pitts. & Con., l'sed.50

do Pref. . .

.

Pitt8.Ft.W.& C.,guar.7Plttshurg <fe Western..Port.Saco &Port8,l8d 6Port Koyal & AugustaPorts. Gt.F.&Cou.lOi.Prov. & Worc'ster.lOOBens. & Saratoga. .100Bich. & Alleg. , stock .

.

Bichmoud & Dauv.lOORich. F. & P., com. 100

do Guar. 7.100do do 6..

Elohmond & P'U'g.lOOBich. & West Point....Bichmond YorkB.&C.Bochester & Pitts. 100Borne W. & Ogd. . . 100Rutland 100

do Pref., 7.. 100Bt. Joseph & G'd Isl'd.

et.LouisAlt.&T.H.lOOdo Pref.lOO

Bt. Louis & San Fr.lOOdo Pref.... 100do Ist pref.100

Bt. L. Van. & f . HBt. Pa>il &, Duluth.lOO

do Pref.lOOBt.P.Mhm. & Man.100Boioto ValleyBeab'd & BoanokelOO

do Guar.. 100South Carolina 100Bo. & No. AlabamaB'west., Ga., g'd, 7.100BjT.Blng. & N.Y. 100Summit Branch,Pa.50Terre H. & Ind'nap.50Texas & N. O 100Texas & Pacilio .. .100Texas & St.L. in Texas

do In Mo.& Ark.Tol. Cln. (feSt. Louis ..Tol. & Ohio Central

do Pref.tJ. N.J. RR AiC. Co.lOOUnion Pacitlc 100Utah Central 100Vt.A Mass..l'sed,6.100Vloksb. & Meridian ...

do pref. .

.

Virginia Midland, com.Wab. St. L. & Pao. 100

do Pref.lOOWarr'n(N.J.),l's'd,7.50Westch. & Phlla.,pf.50West Jersey 50WestJersey & AtlanticWestern MarylandWll. Columliia Jc Aug.WUm. & Weldon, 7.100Wisconsin Central„ do Pref.Worc'ter&Nashua. 100

CANAI. BONDS.Chesap. A Delaware—1st raort.,6s,'8t>J&J

Ches.&C—68. '70.Q.-J

Bid. Ask.

214^

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47

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8010

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211230469023421493

30911066

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2021a56Hi

MiSCELLANEODS.

1324

9^817%

40

13014<>ii

21%125

Del. &H.—7b. '91.J&Jl8text.,1891..M&NCoun. 78. 1894.A&OIst l'a.D.cp.,7s,M&S

Lehigh Navigation-4ia8, 1914.'... ..Q—

J

BB. 68, reg., '97,Q-FConv 68,g.rg.'94M&S6s,g.,cp.&rg..'97J&DCons.M.,1911 78J&D

Penn.—6s, coup., 1910Schuyllull Nav.—Ist M., 68, 1897.Q-M2dM.,6s,1907..J&JMort. 6s,cp.,'95J&J6s,imp.,cp.,'80M&N6s,bt&car,1913M&N7s,bt&car,1915M&N

Susq.—6a,cp.,1918J&J78, coup., 1902..J&JCANAl, STOCKS.Del. & Hudson 100Del. Dlv. leased, 8..50Lehigh Navigation. . 50Moms, guar., 4 100do pf;,guar.l0..100

Pennsylvania 50Sohuylkill Nav 50

do do pref. 50Susquehanna .50

mSC'IiliANEOCSBONDS.

Bait. Gas Light 6s....Oauton(Balt.)—£ 68,g.,Mort. 6s,g.,1904 J&JUn. RR.,lst, end.,63.do 2d,end. 6s,g.M&N

Col.Coal& Iron— l8t,68Cov.&Cin.Bge. 5s,3-5y

5s, 5 years M&8H6nd'nBridge68,1931Mariposa—7s. '86Or. Imp. Company—

let, 6s 1910, J.&D.Oreg.B.&N.lst.6s,J&JDebenture 7s, 1887

PuUm'n Palace Car—3d series, 8s,'87FJiA4th do 8s,'92F&ADeb'nt're,7s,'88A&0Stlg, 78,g.,1885 A<feO

St. L. Bridge & Tun-1st, 7e,g.. 1929.A&O

.uisc'l.l.ane;ovsSTOCKS.

Amer. Bank Note Co.

.

Aspinwall Land 10Boston Laud 10Boston Water PowerBrookliue (Ma38.)L'd5Canton Co. (Bait.). 100Cin.H.A D.,pool ot.,guCev. & Ciu. Bridge, pf.Keeley MotorMaverick Land 10S.E. Mtg.Secur. (Boat.N. Hampshire Land 25N.Y.&Tex.Ld.,Lim. 50Land scrip

No. Biv., cons. 100 p.e.Oregon Improvement.Oregon Ry.&N.Co.lOOPacinc Mail SS. Co.lOOPiillm'nPalaoe CarlOOSt.Louis B'dge.lstpref2d pref. eertitlcatos.

St. Louis Tunnel RR..St. Louis Transfer Co.Stand. Water Meter...3utro Tunnel 10UniouSt'k Yds.&Tr.CoCOAI. & MININGSTOCKS, N.V.

Cameron Coal 60Cent.Arizona Min.lOOColorado Coal & 1. 100Consol.Coalof Md.lOOHomestake Min'e.lOOLeh. & Wilkoab. CoalMarlp'sa L.&M.CallOO

do pref. 100Maryland Coal 100New Central Coal .

.

Ontario Sll. Min'g.lOOPennsylvania Coal. 50Quicksilver Mln'g.100

do pref..

EXPRESS ST'CKSAdams 100American 100United States 100Wells, Fargo & Co.lOOTEl.»PII STOCKSAND BONDS.Amer. Dist. Tel... 100American Tel. & CableAmerican RapidAtlantic & Pacific st'kBank's & Meroh'ts.lOO

Ist mortgageBeceirers' certsGeneral morfcKage. .

.

Baltimore & OhioCent. & 80. Am. CableCoiumnrcial Tel. Co...Preferred

Franklin iooGold & Stock 25Bonds

Harlem Dlat. Tel. Co .

Mauliattan Telegraph

.

Bid.

114%

1331a

109 >a11711111812587

97561s

98

47

11001021a

86

1041a

92

t...

1126

46',4182I4

4695

1805141

8515c.

17557213338991a563e

130J98|45

tlOi70

136

^2is2^ia20

131a12

230

1401!10

59116

2070

4025

30

20942575981

Ask.

115

110

131

971a60

45

99

471a

8SialOlifl

1021s105

93.1434

128

4126414

21a

96"

8lis

9025c.

6023333899^156 "a

1321024710380

144

lOia

23142^ia20

131312

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29

14410362120

50

258025993380102

21s10

MlSCELLANEOnS.

Mexican 100.Mutual Union 100N. Y. Mutual Un. Tel..

Mutual Union 68Postal Telegraph. . 100Bonds, Ist 6s

Postal Tel, & Cable Co80. Tel., 1st mort. b'dsSouth'n & Atlantic. 25Western Union 100

78, 1900, M. &N-.TEIiBPHONESTOCKS.

American Boll 100Amer. Speakiug...lOOColombia & Pan ... 100ContinentalCurrier Tel. Bell ...DolbeirEast TennesseeErieGlobeHudson River 100Inter-Continental.VletropolitanMexican.Mexican CentralMolecularNew EnglandNew York & N. J....New York & Penn...N. Y. State OverlandPeoplesPeoples (N. E.)Southern BellSouthern N. England.Tropical 10W. I. Tclegr. & Tele. 10

E1.ECTRICliiaHT STOCKS.BaxterBlauchard Eleo. LightBrush 100Brush Illuminat'g 1 00Coiisol. Electric Light.DaftEdisonEdison Illuminating..Eflison IsolatedSwan Incandescent.Sawyer-Mann 111. Co..United StatesUnited States ni. Co..

TKUST CO.'SSTOCKS, N.V.

Am. Loan & Trust. 100Brooklyn I'rust 2.=

Central 100Farmers' Loan & Tr.25KnickerbockerLong Island 100Mercantile 100MetropolitanN. Y. Guar. & Ind..l00N. Y. Life & Trust. 100Union loOUnited States 100N.Y. & BR'KI,VNHOKSE KRS,BleeclcerSt.A FuIt.P'y1st mort.. 78. 1900

Broadway & 7th Av.1st mort., 7s, 1884

Broadway (Bklyn.) .

.

Brooklyn City,

1st ra'ort., 5s, 1902Brooklyn Crosstown1st mort., 78, 18S8._

BushwickAv. (Bklj-n.)Central Crosatown

1st mort., 6s, 1922..Central Pk.N & E.Biv

Con.sol. M., 7a, 1902.Christopher & lOtUStBonds, 7s, 1898

DryDk.B.B.A Battery1st M., oonsol.7s, '93Scrip 6s, 1914

Eighth AvenueScrip 6s, 1914

42d & Grand St. F'y.1st mort., 7s, 1893.

Houst.W.St.&Pav. F'y1st mort., 78, 1894..

Second Avenue1st mort., 58,1910..Cousol. 7s, 1888

Sixth Avenuel8t mort., 78, 1890..

Third AvenueIst mort., 78, 1890..

Twenty-Third St1st mort., 78, 1893..

GAS STOCKS.Bait. Conaol. GasBoston Gaslight. . .500Bast Boston 25South Boston 100Brookliue, Mass... 100Cambridge, Mass.. 100Chelsea, Mass 100Dorchester, Mass. .100Jamaica Pl'n.MasslOOLawrence, Mass ... 100Lowell 100Lynn, Mass., G. L..100Mald.& Mel ro.se... 100SewtonA Wat'n ..100Salem. Mass., 100Brooklyn, L. 1 25Citizens'. Brooklyn .20

Bid.

115

'Jjl'83%9%lis

191a5578=8

17410024

25

20027

1

401,

21

1.

129552011

2040

655065405

56'20

1071a195320400104107120110100

Ask.

125

"76"

831aII4

Iflia

324607878123

1741a12525

51025027 141%

60

li812

30652522

iYs'

11>4

4060159065756010206335

110210

330460

271132651031a210216108168105162160114140'a121140110203114106240110255112145111203107%107%165110307111'.^50

112

44770311091031511a971a102129132173919212710012.3

86

4501071091'28

115

500350180«

28114275111

2201121751121671701181421231421a116207 13

1161a109265

2601171521131a209110110

115320113

MlSOELLAKEODS.

114

441a77533

11110415299103131133177939513010113090

Metropolitan, B'klyn.Nassau, Brooklyn ..25People's, Brooklyn. 10Williamsb'g, B'klyn 50Charlest'n,8.C.,Gas.25Chicago G.& Coke. IOCCincinnati G. & Coke

.

Hartford, Ct., 6. L..25Jersey C.& Hobok'n 20People's , Jersey CLouisville 6. LCentral of N. Y 50Consolidated, N.Y.IOOEquitable. N. YMutual of N. Y....100N. Orleans G.L. ..100Portland, Me., G. L.50St. Louis G. L 50Laclede, St. Louis. 100Oaroudelet,St. Louis 50San Francisco G.LWash'ton City G. L.20GOtiO&SIIiVEItMINING STOCKS5(N. Y. & SAN. FRAN.)AliceAlta Montana 1 00Amie 10BarcelonaBasslck 100BechtelBeUe Isle 10 '

Bodle 100Bulwer 100Caledonia B. H 100Consol. California. 100Chrysolite 50Chollar 100Cousol. Pacific.. .. 100Crown Point 100DunkiuEureka Consol 100Father DeSmet .. 100Gold Stripeaoodshaw 100Gould & Curry 8.. 100Green Mountain 10Hale & Noreross. .100Independence 100Iron Silver 20L»croa8e 10leadvllle Consol 10Little Chief 50Littl* Pitts.Mexican G. & Silv.lOO.Vavaio 100Ophir 10PotosI 100Rappahanock 1Red Elephant 10Robinson Conaol . . 50SierraNevada 100Silver Cliff 50Spring Valley 1Standard 100Union Consol 100BOSTON MINING

STOCKS.^Allouez 25Atlantic 25Bruusw'k Antimony.

5

Calumet & Heoia. . . 25Catalpa Silver 10Central 25Copper Falls 50Franklin 25Huron 25Minnesota 25National 25Osceola 25Quincy 25Ridge 25Silver Islet 25Tamasack 25MANCFACT'ING

STOCKS.Am. Linen (Fall Riv.)Amory (N. H.) 100Amoskeag (N.H.) 1000Androseog'n (Me.). 100Appleton (Mass.) . 1000Atlantic (Mass.) . . . 100Baruaby (Fall Biv.).Barnard Mfg. (F. R.)Bates (Me.) 100Boott Cot. (Mass.) 1000Border City Mfff. (F.R.)Boston Co.(Ma8s.)1000Boston Belting 100Boat. Duck (Mass.)700Chaoe (Fall Kiv.) .100Chioopeo (Mass.) ..100Cocheoo (N.H.) 500Collins Co. (Conn.).. 10Contiuental ^Me.). 100Cres't Mills (F. R.) 100Crystal Spr. B1.(P.R.).Davol Mills (F. R.) 100Dougl's Axe (Mass)lOODwight (Mass.). ..500Everett (Mass.)... 100Fall Riv. IronW. .100F. R. Machine Co. .100F. R. Merino Co. ..100Flint Mills (F.R.) 100Frivnklln (Me.).... 100Gl'beY.MillS(F.R.)100Granite (F.R.) 1000Great F,all8 (N.H.) 100Hamilton (Mass.) 1000Hartf. Carpet (Ct.)lOOHill (Me) 100

Bid.

12785

16224

1321853314540926099133132711a58

S265595435339 la

1-70•2501•08•35

235

2'751601.0

• t1601^25•27

4-60

1510060375

1^151031302190351406005

731^00

1^20•75

60c.7

19820c.5

"83823

12^138

6 2 lac,

Ask.

9313086165

i35

150

94"

100135131

60

54 1439%

•06

•40285•433002^001-30

200

5-00

•25

1^00SOJ

1-3012403540

06•06•79

7O0.850o.

200210.10

8=850

12%38>i750.

78"

106 1061a1940 1950110 115993 10001021* 103

110

i'lf" 1201460 149995 110

970 990155 156730 30075 80107 115630 550

8I4 960 70

70

"50' "55"

85 90570 57568 75

;&93 i.7

"eoia "ei"713 725195 200«5 70

' Price nomlDAi : no lace transactions. t Purchaser also pays accrued Interest. X In London. { Quotation per share.

Page 21: November 7, 1885, Vol. 41, No. 1063 - St. Louis Fed · ttmtk HUNT'SMERCHANTS'MAGAZINE,' REPRESENTINGTHEINDUSTRIALANDCOMMERCIALINTERESTSOPTHEUNITEDSTATER VOL.41. SATURDAY,NOVEMBER

November 7, 1889.] THE CHKONICLR 52d

GENERA r. QUOTATIONS OB' STOCKS AND BONDS—Oonoludbd.For BKpUuttloin aec Noteti at Head of Plr»( Pace or anotatlon*.

Mining Stocks. Bid.

Del. Dlv.— fin. 'flfl.J.tJ

Hnlvdkc W.Power. 100Jii.fc<..ii (N. II.). .1000Kliu; |-|iiltp(F. R.) 100I,uc..iuimMi<) 400IjiniiiMl.l' .M.(N.II)40(L'rol Ijikf Mills (K. R.ILawrt»!)ro (.Muhh.)10(KiLowoll (Mass) (l!i()

Lowell l!li:»cl»T.v. •-'(>(

Low((ll .Miii'li..Sh..|i.,'i(M

lAMimii M. (Mii«n.).l<MiJ^iiiicli«'»lcr(N.II.)IOOMiiN». Coltoii 10<)(l

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Page 22: November 7, 1885, Vol. 41, No. 1063 - St. Louis Fed · ttmtk HUNT'SMERCHANTS'MAGAZINE,' REPRESENTINGTHEINDUSTRIALANDCOMMERCIALINTERESTSOPTHEUNITEDSTATER VOL.41. SATURDAY,NOVEMBER

526 THE CHRONICLE. [Vol. XII.

%uvtstmtut

The Investobs' Supplement contains a complete exhibit of

the Funded Debt of States and Cities and ofthe Stocks andBonds of Railroads and other Companies. It is published

on the last Saturday of every other month—viz., February,April, June, August, October and December, and is fur-nished without ea^ra charge to all regular subscribers of the

Chronicle. Extra copies are sold to subscribers of the

Cheonicle at 50 cents each, and to others than subscribers

at %\ per copy.

GENBBAL BALANCE AT CLOSE OF EACH FISCAL TEAB.

1881-82. 188?S3. 1883-84. 1884-85.A$selt— $ $ $ $

E'road, build'gs, &c. 11.076.276 16,186,387 16,532,854 17,031,579Equipment 1,191.319 2,165,759 2,165,7.?9 2,165,759Real estate 286,988 286,988 286.983 497,185Various R 8. accts... 1,244,424 1,262.537 1,363.961 *1,663,332Bills and ace. recelv. 544,552 437,916 414,218 315,782Materials, fuel, &o.. 390,443 408,925 413,067 449,034Casli on liand 161,730 21.=),129 197,4S0 170,379Miscellaneous 8^,479 160,513 103,130 101,415

Total assets 14,983.211Liabilities— 9

Stock 7,533,800

21,130.154 21,482,407 22,394,465

ANNUAL REPORTS.Old Colony.

(For the year ending September 30, 1885.)

The report, just issued, says: "The consolidation with the

Lowell & Framingham Eailroad Gompany has not yet been

fully completed. On September 30, 1885, the Old Colony Rail-

road Company held $416,000 of the first mortgage bonds of

that company, for which it had issued to the holders the sameamount of its own bonds, bearing interest at the rate of 4J^per cent, and running twenty years, and nearly all the pre-

ferred and common stock of the Lowell & Framingham Rail-

road Company had been transferred to Messrs. Ames andRotch, as trustees, under the terms of the agreement for con-

solidation. For the remaining bonds outstanding upon whichthe interest due October 1, 1885, has not been paid, the direct-

ors have offered bonds of the Old Colony Railroad Companybearing five per cent interest and due April 1, 1891. At the

date of the printing of this report, October Slst, $33,000 havebeen thus exchanged.

" It is expected that the consolidation will be fully con-summated early in the coming year. The interest upon the

bonds exchanged, as above stated, and the dividends upon the

receipts given stockholders of the Lowell & FraminghamRailroad Company have been charged in this year's accounts

as rent of the Lowell & Framingham Railroad Company."Large additions have been made to the equipment during

the past year, and 7,624 tons of steel rails and 320,267 sleepers

have been used. Various second tracks have been com-pleted during the year, and the directors have voted to build

a second track during the coming year between Sherbom andMarlboro' Junction and upon the South Shore road. The cost

of the second tracks, amounting to $480,201, has beencharged to construction. A branch railroad has been built to

connect the old line to Fall River with the Bridgewater branchat a cost of $12,741. The directors have purchased theentire property of the South Boston Iron Company (223,093ajuare feet) for $210,197, subject to a mortgage for $175,0OO,

due February 25, 1888. paying in notes of the South BostonIron Company $160,000, and in cash $50,197. The propertyuntil needed for the uses of the railroad is leased to the SouthBoston Iron Works Company at a fair rental.

"During the year the directors, under the authority con-ferred by the stockholders, have sold $250,000 of bonds,bearing interest at the rate of four per cent, and due intwenty years from date, at a premium of one per cent. Outof the proceeds $100,000 of bonds of the Agricultural BranchRailroad Company have been paid. They have also sold 4,000shares of the capital stock for $637,250. The premium onbonds and shares has been added to the improvement account."The total charges to construction and property accounts

for the year were $708,922.

If'" The earnings for the year show an increase over those of

1883, heretofore the largest in the history of the company, of$2,006." The comparative statement of earnings, traffic, &c.,for four years is as follows:

OrERATlONS'AND FISCAL RESULTS.1881-32. 1882-83., 1883-84. 1884-85.

Total miles operated 470 470 470 470Operations—

Pasf-cngers carried.. 6,593,471 7,144,651 7.826,.501 8,320 874Pass.nKcr mileage.. 100,4fi0,413 104,939.238 116,745,901 121,174,081Freight (tons) moved 1,.'552,616 l,626..i09 1,597,048 1.692 125Freiglit(ton8)mile'gc 58,349,479 57,015,789 57,8 19,872 60.134,191Kainingt from— S $ $ .«

Passiiigei-s ?'127>I?? ?>1Z§'5?5 2.1.88,197 2,229,961

Bond8(S''e Snr'M'NT)Bills & acets. pay . .

.

All otlier accounts .

.

Improvement acct ..

Surplus account

.,324,0001,009,975267.20185,719

762,516

10,248,6208,89C.H00876 435264.01291,071

762,516

10,4 12,8009.044,100816,366255,772100,8 '.4

762,515

10,848,6309,473.300830.909210,324203,796762,516

Total liabUities.. 14,983,211 21,130.154 21,482,407 22,394,465

*Inl8'4-?5 tins account was m-ide up as follows: Oil Colony Steam-ship stock owned $725,500 ; Fall Klver Providence ii. B.jston stock andIjonda owned $348,655: Lowell & Fram. BR. bonds and stocK, !ti444.548;

sundry otlier stocks, $28,«78; Dorchester & Milton Branch, $36,938;Union Freight RR., $79,014.

EvansTille & Terre Haute.

(For the year endmg Augit,H 31, 1885.)

The President remarks: "The loss of gross business, the

figures indicate, was experienced in July and August.These months heretofore have given the company much busi-

ness in the movement of wheat, while .this year we did notmove a car-load during this same time. 'We have a good cropon our line, which will be moved during the fall, and our fall

months will gain what we lost in the summer months."Since the last report the completion of the great and

magnificent bridge spanning the Ohio, and connecting the

rails of this company with the L. & N. R. R., has occurred.

The bridge was opened in July for business, and we expect

therefrom a large increase of traffic, both freight and pas-

senger." In building the Evansville & Indianapolis Railroad, and

in guaranteeing its bonds, this company secured the stock

franchises and $292,000 of its bonds. The net cost of same to

this company will not be fully determined until final report

of the I. & E. receiver is made, which will be some timeduring the coming year, and when made will cause someincrease of the item of 'Evansville & Indianapolis securities,'

as now appears in the general account." With the beginning of the calendar year your directors

felt that the company could pay small quarterly dividends,

and so ordered. The first one of one per cent was paid April

1st, and has been so repeated quarterly, which we feel capable

of continuing, maintaing at the same time the high standardof the road's physical condition."

The following statistics have been prepared for the Chron-icle:

FreishtMall, exp. & misoel .

.

Total gross earn.Operating expenses.Taxes

1,774,644243,864

1,833,203237,016

1,741,860261,815

1.764,389256,836

4,126,2582,»t80,052

140,757

4,249,1792,859,078161,660

4,191,8722.696.006

199,:J6J

Total 2,820,809 3,020,738Net earnings 1,305,449 1,228,441

INCOME ACCOUNT1881-82. 1882-83.

Beeeipls— $ $Net earnings 1,305,449 1.228,441Other receipts 77,498 74,676

Total incomeDishurstments—

Rentals paidInterest on debtDividendsBate of dividend ...

Improvem't account

2,895,369

1,296,503

1883-84.$

1,296,50368,998

4,251,1862.733,187236,943

2.970,130

1,281,056

1884-85.$

1,281,05679,331

1,382,947 1,303,117 l,305,.5Ol 1,360,390

FISCAL RESULTS.

1881-2. 1882-33. 1883-84. 1884-85.Total miles operated 146 116 146 146Earnings— $ $ 9 $

Passenger 208,389 211,243 206,823 192,150Freight 543,118 449,007 431,718 408,742

117,931Mail, express, &c.. 74,920

826,427

91,435

751,600

114.566

Total gross earn.. 753,107 718,823Oper. ex. and taxes. 451,645

374,782

387,228 363,810 361,223

Net earnings 364,462 387,297 357,600

P.ot.ofop.ex.toearn 54-65

INCOME5i:il

ACCOUNT.

48-44

1881-82. 1882-83. 1883-81. 1834-85.Receipts- $ $ $ * o„„

Net earnings 374,782 364,462 387,297 357,600Disbursements—

Interest on debt

188,920 194,770 202,520 202,320Diriilenda, 2 per ct. 50,000 60,000Mt.Ver.Br.Bonddiv.

Total disburse'ts..

150,000

352,520238,920 194,770 262,320

Balance, surplus.. 135,862 109,692 34,777 95,280

GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.

1881-82. 1882-83. 1883-84. 1884-85.

Assets— $ 9 * 9RR., build. ,eq'ip.,&c 5,781,010 6,011,035 6.201,919 6,268,676Stks&b'ndsow'd.cst 8,000 78,000 226,304 240,266Bills & acets. rec'ble 187,572 213,855 125,540 169,323Materials, fuel, &c.. 52,808 45,532 47,044 51,853Cash on hand 19,907 22.210 21,231 57,819Bonds on hand 1,097,000 1,027,000 •1.027,000

Extension account. 337,305 461.021 251,095 239,;369

Miscellaneous items

Total assets

74,782 9,596 10,752

7,913,885

19,596

6,461,384 7,938,249 8.073,902JAabilities- $ $ $ $

Stock, common 3,000,000 3,000,000 3,0i)0,ooa 2,999,998Bonds(8ceSui''MNT) 3,000,000 4,297,0n0 4,257,000 4,257,000Bills pay.able 21,360 46,262 81.007 87,304All other acoounts . 149,163 134,435 80,.549 138,991Income account—Total liabilities...

290,861 460,552

7,938,249

495,329 590,600

6,461,384 7,913,885 8,073,902

449,588345,208499.697

98,454

*191,001•446,476"603,006

757,634

46,614556,806723,989

738,032

45,594.551,4-31738.122

7. 25,250

Total disburse'ts 1,382,947 1,303,117 1,365,501 1,360,390* Thi large increases and decreases here shown are caused by the con-

Bollaiitlon with Boston Clinton & Fitchburg RR., making the rentalsles8 but the interest and dividend accounts greater.

* Embraces $852,000 E. & T. H. oonsol. 6s, and $175,000 Mt. VernonBranch 68.

i Of this amount $1,027,000 is held in the treasury.

GENERAL INVESTMENT NEWS.

Atchison Topeka & Santa Fe and Southern Kansas.—Themonthly statement of earnings and expenses is as follows:

Page 23: November 7, 1885, Vol. 41, No. 1063 - St. Louis Fed · ttmtk HUNT'SMERCHANTS'MAGAZINE,' REPRESENTINGTHEINDUSTRIALANDCOMMERCIALINTERESTSOPTHEUNITEDSTATER VOL.41. SATURDAY,NOVEMBER

NOVZMBBR 7, 188S.] THE CBRONICLB. 627. SapUmbtr . .— moi., Jan. lo Sept.—

,

188S. 1681. 18ea. IbSt.Mlloaor road opor'd 2,300 2,377 2,370 3,334QrosH rariiiiiKi) 91,3d5,5tll 91,AI3,010 911,O.IB,S33 9ll,8.^^,810Op. axi>., oxdl. tax . iiJi.yii 70l,J4tf U,0U.',4a8 «,401,U18

Net (MiniliiKS. . «7SO,05(l $8ll,A00 (},03S,64t $3,431,300Cnnudliin Pacific—The following are the grom and net

earnings for September and for nine months :

September. .ran. I to Sent. 30 .

1885. 1884. IHa,-.. ' ISsiPGroes earnliiRs *-i23.487 9a3!»,8lO iit:^,(»0H,ii,'S4 Ki.S.'S'l QUOOperatliiK oxpeiises. 466,624 l07.U'i» 3,«m,27l 3,376',15a

Net earuluipi....$.196,803 9232.211 $2,',!8t<,383 $477,011—The first through train from Montreal left Winnipeg over

this roiul Nov. 1, and a daily through train is now running.

Caiindii Southern.—Canada Southern second mortgage 5per cent l)onds to the amount of fliT-TOiODO are offered on theLondon mnrket. The price of issue is set at H>i. This is a partof the •JO.OOO.OOO issue, of which $3,432,000 are now out-standing.

[Chicusfo Hnrllngrtou & ({uinuy. —The gross and net earnings

for SeptemlxT and from January 1 to September 30 wereas follows:

• September. . '-9mot.,Jan. I to Sept. 30.-.1S>«S. 1884. , 1885. 1884.

Oroes rariiinfn $.',640,034 $2,707,110 910,0.?U,110 $lS,n05 i(2ft

Oper. oxi>oa8c» 1,H3,-.;0J 1.121,786 10,6u0.405 9,780,722

Net eurnlngii... $1,496,831 $1,585,324 $8,440,735 88,718,103

Chlciiiro Milwaukee & St. Paul.—The St. Paul Companyaslcs the Stock Exchange to litt 50,000 shares of preferredstock, to bo listed Nov. 10. Vice-President Wadsworth saysthe $.5,000,000 preferred stock authorized by the directors attheir meeting Sept. 26, to be issued to stockholders of record,has all been subscribed to. As a matter of form the books forubscription will remain open until Nov. 6, a* annouaced.Denver & Rio Grande Western.—General Palmer, the

Presi lent, has issued a circular, under date of November 4,to the bondholders, in which he discusses the plans for thereorganization of the D. & R, U. W. RR. As we give thecircular in full on a previous page, we need not enumeratethe points it contains here, but simply suggest that tnecircular merits a careful reading by all who are interested in*he D. &. R, G. W. road.

Eastern—Worcester Nashua & Rochester—Boston &Maine.—TheEastem RR. directors, at their meeting in Boston,Nov. 5, voted to approve a lease by the Boston & Slaine of theWorcester Nashua & Rochester Railroad. The Boston &Maine is to guarantee five per cent dividends to the Worces-ter Nashua & Rochester, and pay its taxes. The lease will gointo effect Jan. 1, 1886. This will secure to the Boston &Maine road a valuable connection with the Boston & Albanyline at Worcester.

Evansville, Ind.—At Indianapolis, Nov. 3, in the FederalCourt, Judge Wood gave an important ruling on the Evans-ville bond cases. At various times during the last fifteenyears the city issued bonds to aid in the building of railroads,wharves and other improvements, and also redemption bonds,the total amount of them being about $1,500,000, which, inaddition to the accrued interest, now amounts to about$1,800,000. The interest was paid regularly for ten years, upto 1883, when further payment was refused and suit broughton the railroad bonds to enforce it. Payment was resisted onthe grounds, first, that the railway company was a foreign cor-poration; second, that the road did not reach Evansville ; andthird, that the subscription was not made in accordance withlaw. The Judge overruled all these points, and decided againstthe city. The amount involved is about $1,075,000. Thesedecisions are on demurrers which involve the real issues. Theireffect is that the city must pay the interest on her bonds andthe bonds themselves.

Houston & Texas Central.—The statement of gross andnet earnings, and surplus or deficit, for August and for eightmonths from Jan. 1 is as follows :

A ugutt. ,

188.5 1881QT0S8 earnings $240,468 $193,878OperatlU!$ ex euaes 186,1 74 121,486

Neteariiiazs $54,294Deduct—

Renewals* betterm'ts. $5,751Interest on lluat'g debt

.

Jan. 1 lo Aug. 31,—

.

1885. I8S4.$1,234,161 $1,425,18.51,181.068 1,041,871

$69,392 $50,093 $333,314

$31,9526,813

$58,765

J10.627

I $51,258ll.CW

$440,72365,294

$6^,910 $500,017$.5,751

Surplus $18,543Dettoit " $li.-,n $122, T03

In 1883 the gross earnings for the eight months were $1,801,-666; net earnings, $706,783; deducting renewals and better-ments, pI9,6.")3, and interest on floating debt, $40,115, leavesa surplus of $147,014.

Huntington System.-The earnings and expenses for Sep-tember and for nine months from January 1 were as follows:

-1885.-Orota

Septembfr— earning':Clie««i)ciik« & Ohio. $J0!,,(.«7Eliz. Lex. Si U. 8au. 7-.'.519Kentucky Central.. 80.'i04Clios. O. * t-outUw. 138,892

Jan. 1 lo .sy//<. 30—CliesaiH'ukei clilo. $2,154,924Eliz. l*x. & B. Sdu. 509 609Keniui-ky Ctuiral.. t2J.3.50Chca. O. & Soutbw. I,lu8,91U

Netear,, iugt,$122. m2

;i4,8««

1 41,21.762,536

$fisa,=.05170.511J 8 ,4S83j5.6^0

-1884.-OroM

earnings.$Jii.(.iw3

76.2 299,-91

1.7,916

$2,6^3,4333.=.7,2ll077.154060,429

Ketearnings.$111,'>U2

3.'j,v9l

4>M5432,669

$314,275183.09924 5.i3i107,724

for travel last Sunday. The distanoe of the romi from Ohtbcto A«h Grove, the present terminua, U 184 mlloi.Long Inland B«lIroad.—Th« (oUowliur {• a oomiwnuiM

Btatement of groM earnings for th« flMal ywu* radad £pt«ia>ber oj

:

1883-3.. 91,609,177

718,743271,170

_ 18S3-4. ll)»4-«.91,750.607 fl,807,*4«

PMMmgwaPrelffhc

,

MUovlluneous

Totals 92,085,090 uTTAfltaarncrciiso 12 months 1895 over 18Hi j.-

,f »»,.»..

Inoreusu 12 nicuillis 1»85 over 1883 .'......'.'.'.'.'.'.. itOMBLouigTlllo KvanHTille&8t. Louh.—At a uio<-tiiiir of hold-

urs of securiliis of the Louisville Kvansville & Hi. IxniU Kail-road held in Boston this week to consider the matter of fore-closure of mortgage and reorganization of the conipany, itwas voted "that a committee of three jiersonB, none of whomshall be directors, be appointed to confer with tlio proposedtrustees and the lute directors to invtstigate the whole matterand report their conclusioBS at a meeting to be called by thecommittee within ten days if possible." Messni. Walter S.Blanchard, Moses Richartfson and Charles E. Powers wereappointed.

Lonlsrllle & Nashville.—The gross and net eammgs, bymonths, are as follows:

~

Oroes Earning/. . yet Sarntngt. ^1885. fH84. 1885. ftsi.

July *1,0,57,332 $1,0011.104 $361,444 9t3^.^31August 1,077,487 1.117,313 400,452 4(3,982September 1,116,978 1,149,300 464,484 477,684

Total for 3 mos... $3,281,797 $3,322,783 $1,226,380 91,395,897During the three months in 1885, $67,876 were spent in con-

struction, and not deducted here from net.

Maine Central.—The statement of tlie Maine Central forthe year ended Sept. 30 shows ;

1884. Inereate.$2,816,372 $2!»,4071,750,713 Dec. 19,811

1885.Gross earnings $2,839,779Expenses 1,730,902

Net earnings $1,108,377Interest and lents 890.767

$1,065,659850,395

$13,21840,372

Dividend balance $218,110 $215,264 $2,840

The increase of bonded interest was on account of branchline construction. The capital stock of the company is $8,-603,300, and per cent dividends call for $216,198, whichwould leave a surplus for the year from earnings.

New York Central—West Shore.—At a special meeting oNew York Central stockholders at Albany, Nov. 4, the guarantee of the $50,000,000 West Shore bonds was confirmed andauthorized, more than $60,000,000 of the capital stock acqui-escing.

New York & New England.—At Hartford, Conn., Nov. 3,Judge Shipman, of the United States Court, handed down anorder authorizing the New York and New England RailroadCompany to issue not to exceed $2,000,000 of preferred stockat par, the proceeds to go to C. P. Clark, Receiver, and be byhim paid to such creditors as the company may direct, thecompany having the right to give preference to certain cred-itors. The court also permits the receiver to deliver to thecompany as many of its second mortgage bonds as it maydesire to issue, in settlement of its debt.—In Boston, Nov. 4, in the Supreme Court, proceedings were

instituted by a stockholder to enjoin the issue of preferredstock to creditors, on the ground that such issue would becontrary to the act authorizing the same. The law permitsthe company to sell the stock at par in cash, or $.50 in cashand two shares of common stock. It is claimed that thereis no authority to settle the debts with preferred stock.

Northern Pacific.—The land department of the NorthernPacific reports sales of 27,056 acres for $110,606 during themonth of October. The total sales for the first four monthsof the present fiscal year were 166,478 acres for $650,631,against 114,283 acres for $572,240 during the correspondingmonths of 1884.

Ohio & Mississippi.—The Ohio & Mississippi RailwayCompany gives notice that the interest due November 1 onthe Springfield Division bonds will be paid, with the reserva-

tion of the right to test the legal liability of the compuny forthat issue of bonds. A proposition, however, will soon besubmitted to the holders of the Springfield Division bondsproviding for an exchange of their bonds for other securities,

which the company believes it will be to their interest to accept.

—The gross and net earnings of the Ohio & )Iissisiiipiii RR.for Sept. and for nine months from Jan. 1 have been as follows:

. September. . ^0mm Jan. 1 to Srvt 30-.1885. 1884. 1885. 1884.

Grosseamings $344,019 $357,152 92.«9!M46 $5.7H-,»70Operating exiieuses.... 2il,»78 218,136 1,971.439 2.23 ».90a

Neteamlngs $122,641 $139,016 $727,707 $.554,068

Oregon & Trans-Continental.-The Boston Herald says:

The stocks called on the Oregon & Trans-Contineiml loan

option were 30,820 shares Northern Pacific preferied, 27,228

shares of Northern Pacific common, and about 6,000 shaiea of

Oregon Navigation, according to the latest advices, the exact

amount of the last named noticing ascertained. It has been

stated that the amount of Northern Pacific preferred andcommon subject to call was 30.000 shares. That was true as

to the $7,500,000 loan, but there was a supplementary loan of

Page 24: November 7, 1885, Vol. 41, No. 1063 - St. Louis Fed · ttmtk HUNT'SMERCHANTS'MAGAZINE,' REPRESENTINGTHEINDUSTRIALANDCOMMERCIALINTERESTSOPTHEUNITEDSTATER VOL.41. SATURDAY,NOVEMBER

528 THE CHRON[CLE. [Vol. XL

$400,000 upon the same terms as the large loan, and therefore

the call of 30,320 shares as above. Ttiese stocks were called

at 50 for Northern Pacific preferred, 25 for the common, and100 for Oregon Railway & Navigation, and reduce the Oregon& Trans-Continental debt as follows :

30.320 shares preferred $l,516,OnO27,^28 Bharep eomnii.n tiSO.700

6,000 sLaies O. K. & N 600.000

Total $i,7!)ti,7i0

Debt November 2 $11,023,0001*88 stocks sold 2,796,700

Balance $8,826,300

The pale of the above treasury stocks of the Oregon &Trans-Continental Company leaves the following assets, whichat market and estimated values foot up as follows :

13S.P92 O.R.&N.®10r$13,899,v0O,

Oreeon Imp. notes $518.0"0.56,730 N P. prit.» ft5 3.120,15079,'91 N P.coni® 23 l,9-2.27.'i

3,000 O.&T...® 29 87.00018,714 WiK.Ccn.® 14 261.99H

Other Bio<'ke 606,0 52f<6 O & T. bonds.... 242,iSOOther bon.ls 39,000

(;aRh and loans.Other assets

l,2T.'5,'iOO

1,830,0U0

Total assets $23.860 896Less debt as above 8,S'i6.3>

Total $15,034:,036

Philadelphia * Itcadiugr.—The reconstruction trustees havenot yet pr sentfd their plan, which was due last F;iday, Oct.30. A synopsis of it has appeared in some of the Philadelphiapapers, but has not been officially corroborated. "When theplan IS decided upon by the trustees we will publish it.

The Philadelphia Press of Nov. 5 says: "The reconstructiontrustees of the Philadelphia & Reading Railroad are non-plussed. They have worked on a plan of reorganization for

weeks, and now are fain to confess that the effort to harmon-ize all interests and care for all classes of investments hasproven a failurn. Yesterday, to large holders of the varioussecurities, a brief of tlie plan was exhibited, inspection askedand criticism invited, and in every case, it is authoritativelystated, ti e scheme was condemned and epitomized as abso-lutely hopeless of acceptance and consequent success."—Up to October 30 the petitions to thf trustees of the gen-

eral income and consolidated mortgage bonds, asking fcr fore-closure, if the plan of reorganization is not acceptable, hadbeen signed by holders representing $4,240,000 of the generalbonds, $1,110,000 incomes and |I, 600,000 consol. bonds.

Sonora.—The gross and net earnings for September, and fornine moi.ths from January 1, in Mexican currency, have beenas follows:

. September. , ^9 )«. Jan. 1 to Sept. 30-^188A. iS84. 18*5. 18-4.

..$;4,7"S $16,8)6 $i2J,303 $161,w76

.. 2:<,6U4 2 ,3ril 182,9:)« 196,975Gross car"ingsOpera in).; expenses.

.

Net earn!..p« $1,104 def.$6,4ti5 $.39,307 dcf $3.'),099

Toledo Cincinnati & St. Louis.—After hearing argumentin the Toledo Cincinnati & St. Louis Railroad cases, upon thereport of Special Master Cox. Juilges Baxter and Gresham,of the United S ates Court, at Cincinnati, November 3, disap-proved of tht- report, set aside the order of reference, andordered a sale under the foreclosme proceedings.

Trunk Lines Agreement.— It is reported that the trunk-lineplan unaer consideration by the presidents provides for : 1st.The presidents of the eigl't trunk lines select an arbitrator andthemselves act as a committee on all important matters. 2d.Minor details are left to sub-committees of general managers.&c. 3d. The trunk lines are held responsible for all rates byWestern feeders, but the leeders are lo be represented in thesubordinate committees. 4th. Rebates, time contracts, &c.,are to be abi dished 5th. East-bound dead freight and livestock, wes^bouIld freighisand all pass nger traffii! are coveredby the pool. 6th. A deposit shall be made by each line from•which tlie fines for violation of the pool asrreement snail bededucted. Nothing is known as to the Baltimore & Ohioarrangements.

Union Pacillc.—The gross and net earnings for Spptember,and for the nine months from Jan. 1 to Sept. 30 were as fol-lows:

lihz (ll/ammercial Sums.

dross earningsOperat'g expenses.

S''2>teniber. v

1885. lo«4.B2.51-,.2-3 $2,4'^6.8271.331,-81 1.236,133

. Jan. 1 to Sept. 30. ,

1^85. 1884.$18,378,778 $18,274,25411,881,137 11,177.966

Net earuinus... $1,18 (,241 $1,2 0,391 $S,i94,Gll $7,096,288

Wabash St. Louis & Pacillc—The Wabash Committeegives notice that the time during which bonds may bedeposited under the agreement of reorganization has beenexteridea to November 16. 1885. Alter that date an extra pay-ment of two per cent on hII bonds d posited will be required113,000,000, out of $16,000,000, have already signed the agret-meut.—The bondhold-rs of the Ind. Peru & Chic. RR., who last

week assumid lortnal possession of the road, hdve made anarranjjeuient by which the Wal>ash receivers will continue tooperate- the road. It is agreed that for the present, untd theline IB put ill good or.ier, the net earnings are to be used f trrenewal- an.

Iimprovements of the road. This agieement i.s

only provisional, and it is not stated how long it will continue'prob-bly until th - rond is sold under the foreclosure proceed-ings now ill pr()j<re.-s.—iZat^ oid O -zette.

Wisconsin rentral —The Wisconsin Central Railioad wasthm week formally denied admission to Chicago over Chicaij..&We.^tern Indiana t aiks. Treasurer Abbott ..nnouaces thaithe Ureat Western scheme for terminals will be earned out atan expense of about $6,000,000.

COMMERCIAL EPITOME.Friday Night, Nov. 6. 1885.

The week has iieen broken by a holiday for the election for

State officers, which took placa on Tuesday in several States.

The only result of much significance is the defeat of Wise,the Mahone candidate for Governor of Virginia. The autumnseason for active trade is drawing to a close, and there are nofeatures of importance to notice. There is a check to the

decline in values of many proJticts of agriculture, which gives

better promise for the trade of the coming winter and spring.

The following is a statement of the stocks of leading articles

of domestic and foreign merchandise at dates given :

Pork bbls.Beef tcs. and bblsLard tcs.

Tobacco, domestic hhdsTobaQco, foreign bales.Cotfee, Eio bags.Coffee, other bags.Coffee, Java, &c mats.Sugar hhds,Sugar boxes.Sugar bags. &cMelado hhdi.Molasses, foreign hhds.Uolasses, domestic bbls.Hides No.Cotton bales.Rosin bbls.Spirits turpentine .bblsTar bblsRice, E. I bags.Kiee, domestic bbls. and tcs.

Linseed bags.Saltpetre bagsJute butts balesKauila hemp bales.msal hemp bales.

1885. 1885. 1884.Nov. 1. Oct. 1. Nov. 1.

21,980 21,139 3,8991.044 t>58 332

15,389 31,319 ll,.i9237,248 39.049 22,43148,766 46.813 52,965

245.114 238,920 116,61442,696 56,170 67.37288,320 81,043 70,86736,356 43,382 45,506None. 5,750 None.

500, i 23 519,742 932.000129 129 None.

3,813 4,f03 .'^86350.1 1.500 1,250

124,384 138,8' 183,100107,424 83,720 6!<,63821,v28 18,ii7C IS,5732,199 2,5,i7 1,48 51,035 889 1,^796,300 None. 11,3001.170 51 2,340

20.000 32,.'^00 Noue.15,820 14,6.iO 13,00059.300 55,000 62.10010,1183 1'2.0J8 None.14,322 16,8o2 25,900

Lird futures have been active and buoyant in the pant fewdays, the low figures to which prices had declined havingencouraged huying for the rise; but the close this afternidn is

easier, at 627c. fur November, 6'27c. for Dac-'mber, 6'33j. forJinuary, 6'40i.\ for Febru-iry and 6 470 for March. Spot lardhas been HCtive and advancing, closing at 6 35o. for primecity and 6 30@6 35c. for prime Western. Refined for theContinent hts sold fairly and closes at 6'60c. Pork has beenmuch more active at $8@$8 50 for extra primf, $9 7")(3$10

for mess and $11 75@12 2.5 for clear. Cut moits are latierly

in better request, and close steadier. PickIbI him< at 8 5.^(3

6%c., pickled bellies 5%@6i^c., and shoulders 4J^@4J^c. Otherprovisions are quiet and unchanged. The swine slaughteredat Western towns, for what is termed "summer packing"(.March 1st to Nov. 1st) numbered 4,859,000 this season, agiinst4,0"i9,000 last season.Rio coff>e on the spot has been dull, and fair cargoes clo39

nominal at 8>^@85^c. Options have declined hut cloie

steadier, with nuyt-rs at 6'75c. for Nov., 6'85j. for Jrin., 7c.

for March and 7'lOc. for May. Mild collrses have b.-en pressedfor sale at drooping prioes. Rtw sugars have declined andclose nearly nominal at 5,l^@5 7-16c. for fair lo good refining,

and refined sugars are depressed, with crus'ied quoted at

6^@7c. Molasses is also very dull. There hts been a goodDusineps in teas, including a speculative movement in For-mosa Oolongs.Kentucky tobacco his been quiet, the sales of the week

amounting to only 2.50 hhds., of which 200 for expiirt. Prices,However, are steady, ranging from 0)^ to llj^ ••. for seed leaf.

Seedle^f shows a notable reduction in the volume of husinesp,

its the sh1.-s are only 1,200 cases, as follows: 200 ca».-s 1S84crop, Pennsylvania Hivana seed, 9@15c.; 150 cases 18 •J4 crop,

PeniiBvlvHnia, 8J|'(al2c ; 150 cases 1883 crop, do., privatelerras; 150 cases 1881 crop, do., 7(ailc.; 200 cas-s ISStcrop,Liitle DuK^h. 11,813c.; 150 cases 1884 crop. New Engl ind Ha-VH.na., 10@30c. ; and 200 cises 1884 crop , Wi consiu Htvana,1.5@20.:.; also 400 biles Havana, 60o.@$l 10, and 400 bales

Smna.ra, $1 20@$1 60.

I'ne sp-cuUiioci in crude petroleum certificates, although at

times quite brisk, has developed no imp irttnt feiiure, andchanaes in prices are small, but father easier at the close at

i\.0V4.<iil01J^: crude in bbls quoted at 7^^ ^7;^ ;.; refined

ill b Js. 8%':. and in cases 9''4@10/gc.; nai)ni,.ia 7j^i;. Spirits

mrpentine nas advanced witnia a diy or two an i sold t i-day

tor N ivemiier delivery at 375^0. an 1 this price bi I f ir ih^ first

three months of next year. Rosins in f*ir deinind and firm;omraoii to good strained quoted at f 1 0"i(d$l 1.5.

At the M ihI Exchange to-day pig irou certifioat^'S Wt>ro

ull at $16 50S$17. Tin quiet and fairly st-alvat iO'lO^jl)'30;. spot, iy-95@20 10c. futures; ten lon-i J muary sold atiO Ooo. Tn plate heavy and dull at $4 40i^4 47!^. Coppeready at 10^@ 1090c. for Lake. 9!^@ 10 05 ;. for Baltimore,

||-i'/?i10 .)!• Orford, Lead dull; 4J^o. bid for domestic.Spelter flat.

Ob,*.. 1. eights have been dull and ra'es depressed by thespe-ai4tivH advance of prices for grain, ani the closd is

uns atled.

Page 25: November 7, 1885, Vol. 41, No. 1063 - St. Louis Fed · ttmtk HUNT'SMERCHANTS'MAGAZINE,' REPRESENTINGTHEINDUSTRIALANDCOMMERCIALINTERESTSOPTHEUNITEDSTATER VOL.41. SATURDAY,NOVEMBER

NOTEMBEn 7, 1885.] THE CHRONICLE. 52»

I

COTTON.Friday, P. M., Novembor 6, 1885.

The MovKMTtNT OP THK Ckop, as Indicated by our toleKratoifrom the Soiitli to-niKht, is (fiven below. For the week cndlnBthis evening (Nov. <!), the total receipts have reached 374,432bales, aKuiuNt 2OH.03:! tuileH last week, '301,704 twlea the previou*week and 2.J1,4UI bales three weeks since; makinp; the totalreceiptH rtinoo the Ist of September, 1885, 1,002, H?.") balua, aKiiiiistl,»>l)3,«7l bales for the same period of 188-1, showing •decrease since September 1, 1886, of 20,900 bales.

Xtetipltat— 8aL

Galveston 8,788IndlHiiuia. Ao. ...

New OrluAoa... 22,!i78

Hoblle 2,aS3

FloridM 300Bavaniiah 7,618BrmiBw'k, Ac. .*.

Oharicgton 4,073

Pt. Royal, 4o. -••.

Wilmington .... 762Horeli'd C.ifco —

.

Norfolk 3,166

West Polnt,4o 1,301

New York 834Boston

700Baltimore

Fhlladolp'a, Ac. ....

Totals this week 52,813

Jfon.

10,107

17,410

2,485

9,314

S,116

1,046

6,4S8

134

180

52.230

Tuti.

4,707

24,696

3,020

5,773

3,531

821

5,617

326

iVo

48.601

Wtd. nurt.

5,883

11,227

1,331

7.728

4,060

660

5,519

97

114

36,619

1,674

9,376

1,618

7,093

3,001

586

4,234

43

27,626

JW.

2,379

18,028

1,920

2,105

5,418

7404,689

382641476

3,071

13.128

953

1,002

933

56.534

' Toiat.

33,538

103,315

12,787

2,495

42,971

74024,469

3U24,516

47628,06514.432

2,344

1,702

1,330

274,422

For comparison, we give the followinK table showinf? the week'stotal receipts, the total since Sept. 1, 1883, and the stock to-night,and the same items for the corresponding periods of last year.

KeeeipU to

Xor. 6.

Galveston ...

Ind'nola,Ao

New Orleans.

MobUeFlorida

Barannali....

Br'sw'k.&o.

Charleston...

Pt.Royal.&oWilmington..

M'lieadC.AcNorfolk

W.Polnt.&c.

New York...

BostonBaltimore . .

.

Pblla<lera,<fcc

1835.

This

Week.

33,538

103,315

12.76

2,or,

42,971

74021,469

3624,516476

28.U65

14.43^

2,344

1,702

1,330

Since Sep.

1, 1885.

291.103781

427.G2162.34412,456

338.469

6,232

217.2362,326

48,293

1.729

166.743

83,607

4.288

4943,521

3.612

Total 274.422 1.682.875 257,04111,692.871

1884.

Week.

23.509293

82.637

12,405

1,793

40,763

31,601

31

4,969

45029,30620,402

1,214

3,093

782.502

Sittee Sep.

1, 1884.

BtoeK.

1885.

231,4576,937

411,36369,41715,351

347.9094.910

251,958827

46,2822,461

177,55695,592

2,950

19,821

3177,713

106,208

201.51016,912

2

100,690

70,602

118

9,480

32,309

128,8696,310

13,013

4,458

1884.

71,026

237,561

11,823

117,898

90,824

31

20,626

56.602

5.451

93,353

6.310

32,4843.528

690,483 749,.'.22

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

SeceipU at— 1885. 1884. 1883. 1882. 1881. 1880.

Galvest'n.Ao. 33,338 25.802 24,926 32,605 20,208 22.374New Orleans. 103.315 82.637 100.042 89,817 64,324 4S.68«Mobile 12,767 12,405 16,127 14,235 13,181 17,216Savannah 42.971 40.763 38,495 40,407 37,401 35,844(Jharl'st'n. Ac 24.331 31,632 21,311 27,675 30.201 26,190WUm'et'n, Ac 4,992 5,419 7,009 7,463 9.541 8,486Norfolk, Ac. 43.3rt7 49,708 49,372 57.731 42.679 42,796AU others.... 8.611 8,675 10,322 12,313 15,785 14246

Tot. this w'k. 271,422 257,041 267,604 232,251 233.320 215.842

Since Sept. 1. lfi62.'«75 1692,871 1733,511 1685,917 1657,366 1957,906Ualvesion luoluiles Indianola; Charleston Includes Port Royal, Ac;

WilmlnKtonlucluilen Morehead City, Ac; Norfolk includes West Point,Ac.

The expons for the week ending this evening reach a totalof l.il,«l53 bales, of which 79,-"j33 were to Great Britain, 31,953to France and 50,178 to the rest of the Continent, while thetocks as mHde up this evening are now 690,483 bales. Beloware the exports for the week and since September 1, 1885.

Export*

from—

OalvoBtonNew Orleans.,

MobileFlorida

SavannahCbarleslon*..,

WUnilnjrton...

Nortolk+New YorkBostonBalttmore... .

Phlladelp'B,Ae

Total

Wuk Bniirui .Vo

Exported to-

v.a.

Brtt'n.^

9,888

le.aoa

4,037

12.491

S.SI4

5.200I

B,»75|

12.SJ8I

l,28li

S,S03

l.Slt|

.J

20.641

OonU- Tbtal

Week.

211

11.820

12,74 J

1U,235

9.f

48.IS4

4,037

26,195

25.719

5.200

S.»73

80,810

1,2S1

8.503

1.841

From StpU 1. 1885. to Ifov. 6, 1888.

Exported to—

Oreat

Britain, ^^w*

4,147

51.378

S.IOO

IS.lOl

79.982; 21,953 50,178 1Sl,Se3

Total IHS4.,. tyiMM 22,l'80 58,»9« 10'>.n20

86,442

88.805

4,037

90„540

85,949

22,t>SS

47,109

97,162

17,716

20.729

10,279

"491.229 85.704

SSLlia 91.37'i

9,778

ContU I

ntrU.I

""f*^

20,HI9; 81.404

B,877i 218.260

4,087

77.947

96.118

0,100

9,350

41^263

819

3.930

400

133,087

106,748

31,993

52,495

148,203

18,061

24.279

10.479

2-7,733: 824.668

247.«1^ "Wil-d

* loctuden ex(>«>ria troiu I'l.irL ttujal. 4c.lool'ides exports from West Point, «e.

In addition to above exporti, oar ttX^^nimt to-night alao glv*OS the following amount* of cotton on hipfaoard, not oleared,at the ports named. We add limilar Ogani (or Naw York,which lire |iritiiarud for our niieoial use tv Maian, Canr Yala* Lamlwrt. 89 Broad Street. /» "*

Nov. 6, ikX—

ITewOrleana.MolilluOharleeton ...

SavannahQalveston.. .,

NorfolkNew York.. .,

Other ports...

Total 1885.

rotal 1884 .

rotal 1883 .

On BMpboard, not tUar*A-fur

9reMJMtein.

27,0761.0003,6003,600

43,8198,0187,0009,000

101,911

135,295121,531

froHtet.

17,803None.None.600

3,365None.None.None.

21,758

36,39318,878

24.487None.12.60O32.6004.837Nona.S.S.V)4.000

86,364

96.94354,280

Oow«>

6,301Nona.1.5008.6U09.3843,784NOIM,one.

23,469

18,00110,441

IMWL

78,6671,000

16,00040,20001,38611.80010,86013,000

233,502

3A0,703203,080

438,981

403.S10e4l,48»

The speculation in cotton for future delivery has been quitoactive at this market for the week under review, with afurther and material decline in prices. The comparativelylow figures which were reached at the close of our last didnot develop confidence. There was, however, from pruden-tial considerations, some covering of contracts, and somegrowth of opinion that values had pretty nearly " touchedbottom." This derived some support .from the Manches-ter advices, and rather unfavorable weather for picking,which has been reported from ditf<>rent parts of theSouth from day to day. Yesterday a lower opening was fol-

lowed by an irregular closing, the distant deliveries showingmore strength. To-day an early decline to the lowest figures

of the season, under weak Liverpool advices, was followed bya partial recovery on a demand to cover contracts; but there

was a quiet closing. Cotton on the spot has continued dull

and prices have declined. Quotations were reduced 1^0. onSaturday and again on Wednesday. To-day the market wasquiet and unchanged at 9?^c. for middling uplands.

The total sales for forward delivery for the week are 485,800

bales. For immediate delivery the total sales foot up this week1,523 bales, including — for export, 1,523 for consumption)— for speculation and in transit. Of the above,— txales

were to arrive. The following are the official quotaUoas for

each day of the past week.

Oct. 31 toSon. 6,

Ordln'y,*IbatrlotOrd..Uood Ord..3tr, G'd OrdLow Midd'KStr.L'wMid.HIddling...aood Mid..Str.G'dMidJUdd'K Fair,fair..

UPLANDS.Sat. ' non Toes

7'e

r4«

71s

8S8813J 813919

9%9'3i«

9>89%9<s

.. 9'a,6

101i« 101,8lO'.g 107,,ll'is U'le

Ia

NEW OBLE/LN8. TEXAS.Sat. RIon Tues Sat.

7%d»,«9

iS""10>410°gIIU

1\8»i,9

iS''«10<410°(iim

75, g7\8»,»9

IS''"10>«10%11>*

RIoii Tnea

7».e7\8»,e9

IOI410°811*4

AVed Tb. FrI. Wed Tb.1 ,

PrI. Wed Tb. Frt.

Ordin'y.**Strict Ord..

7 7 7 7»I8 7>,8 73,8 73,8 7>I8 7»i«77.8 77,8 77,8 7»B 7»« T% 7«» 7»|| ^H

Gkjod Ord.. 8M 8«« 8>4 «(,, « 16 «.« S',8 b'l8 87„3tr.O'dOrd 811, a' 8ili«l 8"i«' S^g 8'fl 8'h H's 8»R S'eLow Mldd'K 9 1 9 9 «»!« »»18 »»!« a.'is »»ls 93,83tt.L'wMid 914 'iH 914 »'l« 97,8 9'l8 »T|S 97,8 97,8MiddUmt... 9% 9% 9»B »«« K-is t.1.,8 H«16 9»." 9»8flood .Mid.. 91'm, 9"i» »>l<« 9'r y« 9''s 9'8 »'fl 9783tr Q'dMld 9i»i8 9-»I«' 9lli,8l0'e 10>« 10>8 10>e 10>« 101*vildd'g Fair t05,8 ,106,8 1100,8 il0>« I0>a

101*18 10»6,glOIB,8ll«8 ll>rt

10>« 10>a 101, loiaFair 11>S im im 11^

STAINED. Sat. Idon Tnea IVed Tb. Frt.

em,,Gtood Ordinary »lb. 613,8 6'»18 6<l|« 611,87>«

8h.7>«

8»i.9

Holi-day.

7%

8»e

7% 7^Low MlddlliMiddling...

83,g 8Si«

.;:".i::;:::;::::... Vt 8%

KARKET AND BALKS.

The total sales and future deliveries each day during the

week are indicated in the following statement. For the con .

venience of the reader we also add a column which shows tt a

glance how the market closed on same days.

«at..Hon

.

Cues.Wed.I'taors

1^. .

Ctal.

SPOT MA.RKETCLOSED.

Quiet St >sdeo...Dull

iniet at ^a deit. .

.

JidotJiUl

SALES or SPOT AMD TBABSrr. | TOTtmBS.

Sx- Con-\

Spec- Tran-port, ramp 111't'n til.

234 ....

321 ....

..Hoi Iday.384, ....

407 ....

177 ....

.Il,523

Total. Salet.

234 114,000321^119,800

'S84l "98,1«>4i>7| 84.400177 69,000

DeUf(fias.

SCOzoo

400

1,523 485,800' 800

The dailv- deUyenes given above are aotaalljr deUverad the dayprevious to that on whlcii tnov ar.t reoorted.

The Balks asd Prices ok Futukks are shown by the follow

in^ comprehensive table. In the Btatement will be found the

Page 26: November 7, 1885, Vol. 41, No. 1063 - St. Louis Fed · ttmtk HUNT'SMERCHANTS'MAGAZINE,' REPRESENTINGTHEINDUSTRIALANDCOMMERCIALINTERESTSOPTHEUNITEDSTATER VOL.41. SATURDAY,NOVEMBER

o30 THE CHRONICLE. [Vol. XO.

daily market, the prices of sales for each month each day, and

the closing bids, in addition to the daily and total sales.

did(s o a P

a: MS: I

IK .

Ki3il §m2.2 a & as So.£»-^ £"-£

IE?

e;

fe!«»K1 C-

e 8 »• *

liO

i^oc

o

Isw;

(OKI g

TS-i:

IC-

cow 5cite 2

Ki to tP

tote ^tow 9

COS ^

I «,":

coto p

<eto 5

I or:

03M t-*

tea) 5i(^t(^ 2WCOto"^

»SI©CD

tOCDoCOOi u> o Ct

I ©iJ":u

UTQ' CO cncc oc

«» 2

CD(Do®

tec 5a. a 2

I Sr:to

^•J OS

i Ow.CD®C0o®

CX3|^ cc

ew

«® 5-i-j 2

I»«':

OiCOCDo®

CC*J o*

-i-j 2

CDtccDo®

coco QD

®® IJ

OOQD **

I »«:cecDo®

®*- "

3dcc«Ej-cci92:'10®

PiMO"^

too

®® ^coto 2

tD®oCDCOtcC^CCtOCD OCOCO 5rflco 9

Iaoo;

cc®o®CJtO ®

CDCD ^tofo a-icr.^"I ow:CDCDqCOtow®coPLC? Ococo 5ejcl: 2OiO'to^I ec;

CDCDCDoCOCO^OCO

®ce IJ(f^i^ 2

I8.":

CP It*

toteo® tecDO®

cc

cece. . <oitx 2tOO'tO^I o>o:

CDCDcCDt^aCcJiccc«3 00

toco 5O'CJt »

I •.":

COffloCDCJ1 d® yt<ltO 00

CDCD

CDCD ;

<i<r. g

I»«;

CDtotOOCi

coco. 5

OCCD scecR **

I »ytOCDo®toco®1-0

00

®® <coco 200: "I9w:

CO(DCDo^tpCD®QOl-tO CO

COCO IJ(Xiao $toco ^I o>>:

tocOQCOto CO® CO00 (O

ifrI S;

®® IJ

o® 2

I 8«MHtoOOo®66®cD^C 00

o® 2

I»m:

Mh- tDOOo®OoOcDL0N3 CO

00 566 2

1 aw:ceo®66®6HX rf»-

o<1-*

ti.^

°l

00 5f-6 2

1 »r:©

Io®

K-1 ®o

<so

OOc®tOM c

tO(0 1I 8 :

OCoOh-CO CO

oo

@s> :

O,oO

10 ' ®M

oc 5»- 2

I 8 :

''a"OOc®totic —h-O X

xyi "^

I 8 :

OOpOtotoOtooa__o

I I?

I I

«: :

>

3

I:

I I

I I I I

®® &ob::) 2

I9®:

COCDCDotD-jab®QbtC*- M

®® 5tc6 900 "1»»:

<0«o®to -DO CD^^ 03

>(OCO 5Of.x 2CDX *«

I e.®:

co'-epcotD^OtOpen O

o© !J6® 2I«(•:'

•-'H'tDH®Oo®6po6

®p IJ66 2

I

9®'Ml-©*-CPoP6p®6tOOl M

OP Ij^M C&

19

xc;i

®o IJMM a00 "1 9r:OOpOmmPmtoui cc

po 5toto 2cup "l

I 9 ;

MMCOM0000

>-•>- to®o <toto 9Oto •»

opsctotoOfrtOl» c

I I

I I

I I

61

WW

^ S

ft

lis

11-^

1 to

II '< II <\

t s

1 1:

1 8: :

1 1!

*InclU(1e8 sales In September, 1886, for September, 130,200: Septem-ber-October, for October, 301,700. • > ,

'joi»«:iu

_Rr.^ ^? Included m tbe above table, and shall oontlnne eachwl to rive, the BveraKe price of futures each day for each month. Itwill hf found under each day following the abbreviation " Aver " The»v«ra>re for each month for the week Is also given at bottom of table.TTMnsferable Orders—Saturday, 930o.; Monday, 9-35c.- Tuesdav———I.: Wednesday, 9-2.5o.; Thursday, 9-25c.; Friday. 9-25o

""""J^-

9-!5"8$-1^9c!!'^l^ry, ^-TsTo'loZ'''^'^''^''^'»-18®9-2oc.: Thursday,

- i The following exchanges have been made during the week:

V ffa Urt' J!J 2^''l! l-!iS^P^'^-J°^ ""''• OS P"l- to e':o'»- ^ 00 Nov. s. n. for•n«''5-*°*"f<''»-'00Nov. for Jan. regular.

' IS rjl" ^ ^""i- 222 ^<'- '°"' Ja"- -12 i>d. to exoh. 200 Jan. for Feb.

•09 S' to MPb' iSS v""-1"' ^"^^ 'SS Pj- *» «^'"'»- 2.000 Deo. for Mav,

*l^: roS. lSSS"e^./o";j°^''; •°?„rJi,|X!'"^""^"^ « "• ^^-^

The Visible Supply of C!otton to-night, as made up by cableand telegraph, is as follows. The Contmental stocks, as well asthose for Great Britain and the afloat, are this week's returns,and consequently all the European figures are brought downto Thursday evening. But to make the totals the comnletefigures for to-night (Nov. 6), we add the item of exports fromthe United States, including in it the exjwrts of Fricfey only.

1885. 1884. 1883. 1832.atoch at Liverpool l)ales, 383,000 437,000 43H,000 461,000Stock at London 11,000 58,000 42,000 77,000

Total Great Britain stock

.

391,000 495,000 430,000 538,000Stock at Hamburg 3,300 3,500 2,200 3,500Stock at Bremen 32,400 35,600 50,600 29,400Stock at Amsterdam 25,000 33,000 32,000 7,200Stock at Rotterdam 400 800 1,500 1.800Stock at Antwerp 2,100 1,700 5,100 300StockatHavre 91,000 140,000 123,000 127,000Stock at Marseilles 2,000 5,000 5,000 2,600Stock at Barcelona 34,000 13,000 29,000 27,000Stock at Genoa 7,000 8,000 6,000 8,200Stock at Trieste 8,000 11,000 10,000 6,300

Total Continental stocks 205,200 251,600 264,400 213,300

748,60'J45,000

4 4 S!,00034,000

749,522100.35010,800

744,40090,000

427,00045,000

816,56926e,01517.000

751,300131,000439,00016,000

644034173,16713,220

Total European stocks 599,200India cotton alloat for Europe. 27,000Aiuer'n ootfu alloat for Eiu-'pe 477,000Egypt,Brazil,&e.,atltforE'r'pe 28.000Stock in United States ports .. 690,483Stock in U. 8. interior towns.. 225,860(Jutted States exports to-day.

.

57,S24

Tot-a visible supply 2,105,307 2.194,272 2.437,934 2,175,711Of the above, the totals of American and other descriptions are as follows:Amencaii—

Liverpool stock bales 26*000 226,000 228,000 191,000Continental stocks 124,000 105,000 160,000 93,000imericanafloat for Europe... 477,000 418,000 427,000 439,000United States stock 690,483 749,522 846,569 644,034Onlted States interior stocks.. 225,860 160,350 268,015 173,157tTulted States exports to-day.. 57,824 10,800 17,000 18,220

Total American 1,810,167 1,699,672 1,946,584 1,558,411Satt Indian, Brant, die—

Uverpool stock 118,000 211,000 210,000 270,000Londoustock 11,000 58,000 42,000 77,000Continental stocks 81,200 146,600 104,400 120,300India afloat for Europe 27,000 45,000 90,000 134,000Egypt, BraiU, Ac, afloat 28,000 34,000 45,000 16,000

Total East India, 40 265,200 4)4,600 491,400 617,300TotalAmerioan 1,840.167 1,699,672 1,946,534 1,558,411

Total visible supply 2,105,367 2,194,672 2,437,934 2,175,711Price Mid. Upl., Liverpool S^ied. b'^i^A. 5i6ied. 6iad.PriceMid.Upl., New York.... aJse. 9i»i6C. lOijo. lO'igO.

^y The imports into Continental ports this week have been18,000 bales.

The above figures indicate a decrease in the cotton in sightco-night of 89,:305 bales as compared with the same date of1884, a decrease of 333,617 bales as compared with the corres-ponding date of 1883 and a decrease of 70,344 bales ascompared with 1882.

At the Interior Towns the movement—that is the receiptsfor the week and since Sept. 1, the shipments for the week, andthe stocks to-night, and the same items for the correspondingperiod of 1884—is set out in detail in the following statement.

^ S tew

&?s.i§|s|*?i|||i|||S

E: o: a « » 9 • 5 P • u>D X B P . • jp •

opto 1

— r. V' o-^c-. tr

Mooc-auoDto , cDCix "--tcoitooDa "-'Ccxc;^co^^too^-':D

O p y *J * --J *»•- O M C - O- X

CO QDCfliJOOWi-'tfaCCXtOO'OQCXO'CCtCAo, I I- ^ ,.- <i ccX - 1 o ^1 ^ *-" a wx) c c c oi to

03 M ^ ?-

(^O O -" — (SJ oI^OC'CtOQOO

O I MMlorf*- Tocio c;»M tfi"bi CO <i OiQooiVi'io'io'i' oot

rf».COCDrO*.1f-JtOO*»'tO'-Oif^OCC©r-t-'

M MOsVo'^'w'' 00 »JOCPQCOt:I

*•Iif^OtOOXO'

03 M MXiO'OJU'^O'

Mio&ooi^wQso*»-MJ ^•^ix'b'coVoiM!-• 01o (B» ojoo i; i(^ en I

f- QD cc MX «D If^ "Joc»C'b3Uirf»-©oocj'' CO eo ft CO X to^ CO

§^a

5s

1^ ; »

{

"b» cc © oto, CO a>OQ*j»-y«o©

O H- ©CStO'-'tOOO

IdOH— MM — *>N-pj*'.OS

0(0 coot'-' <)XXOO'EOO-q —03-^©©tOX»0

0D*3i QDO Oi wlo ©"o M CO ^ *» rf^ UiloCD Oi 05CD'vJXOC3eOtO»IOCO»-'ft»Cn©CD»0©V01©M^ © M Kr o^ CO CO c;* -^ -q CO 1^ UD en 33X

05»-ODMCiiXi;;*-Qtf*3iX**OtOXlOO*h|(kfo^«x*»Mc;«o<:c©ox-Kj»u.otou«-Jos© --] en O *J #. XM *- ^ en *J «K| >f^ 1^ X »(*M

© CO :c CO -1 )£• ©bOOMMlf^OOOSW^CnXOO

y-tt^t i^ M^r*M M M MMM—MM k^ 00 *© bO COjJ

VbfVj© QD to co'Voo to CO •o'bt toTr.V © tooCO©XCbi^<l©M'^COM'K)UiO©©^V>IOOi«^*^]if^0M©itk©C;)Cn<0©©ifk©tC©©

*J ' MCO 06 i 06M©tOO-lCO i(^ I a©v©>-><^to©I ©I lK©9'MC0t0—

to i-^^ OtJ^M M_X MMWOJ; ^^f^?^^^?>Cn^xis^xcn^ w^* cox jdm**coxOtotooo»o©:n©*g©; cootoOLO©XAou>©©co©cot9c;ii^> ©coc^ii^xcMto©

II

n-C:

* This year's figures catlmated.

The above totals show that the old interior stocks have^ncr«fiw«d during the week 50.732 bales, and are to-night 63,510

Page 27: November 7, 1885, Vol. 41, No. 1063 - St. Louis Fed · ttmtk HUNT'SMERCHANTS'MAGAZINE,' REPRESENTINGTHEINDUSTRIALANDCOMMERCIALINTERESTSOPTHEUNITEDSTATER VOL.41. SATURDAY,NOVEMBER

NOVKHBBR 7, 18SS.] THE CHRONICLE. 581

boles more than at the same period last year. The receipts attlaa same towms have boen31,r>!)3 liates nt'jr) than the nameweek last year, and sinco Sjptoinber 1 the receipts at all thetowns are 176,935 balea intrc tli.in for tlio same time in 1884,

Quotations for Middlino Cotton at Otiibb Mabrbts.—In the table belonr we give the closing quotations of middlingcotton at Southern anuother prinoipiu cotton markets for eacoday of the past week.

Wtek endingKoe. 6.

'ton . .

.

i on .

.

I -ton-.v .

.

i;,i . . "i-o....

i>liii.. .1.411 Ilia.

AuKint ti

MeinpliiH ....

St. LuuIbCiuclunatl...LoukviUe ...

obosLta quoTATiom for kiddlimo oottok on—

Salur.

91,69

8>»ie90>80\

JTon.

9

in'"8l8i«99>89%9%9i»i«

81»t«»'89

i>9^HI4

Tutt. Wtdnei.

99

8I>,.

9%9\9»89'»ia813,899

TKuri. /W.

81B,« 8i«ie9 U8i»,« Si»,o

81'i« 8^a'»,«

8:fi.8i»,9! Id g9H) 9K,

"^S"*9>4988

8\»I3i4 8I>H«%9 8lB,a9 99^ 9U9i« 9>8

Receipts prom the Plantations. —The following tableindicates the actual movement each week from the plan-tations. The flgures do not include overland receipts norSouthern consumption; they are simply a statement of theweekly movement from the plantations of that part of the cropwhich finally reaches the market through the outports.

KEOEiraS FSOM PLANTATIONS.

WalkSruUrtQ—

»ot. 2..- »...•• 16...

•• 83 ..

" 80...

Not. «...

Reeetvtt at the Portt.

1883. 1884. 1886.

103,461

228,897

2.M,276

2S2.&tJ

:i4 1,921

26-,H04

St'kat Interior Hmme.\Rec'ptt from Plant'tu.

1881. I 188B. 188S.|1881. ! 138tS.

168.731 199.668 137,S3e 49.497 71.888 197,219 182,063 170.098

203,313 I92,107| 161,915 68,108 88,785'2Se.2;e 223.921 210,010

84a,289'231,491 202,970 9a,854'll9,132|2«5,831 W,833'280,8382^5,112 281,704-236,988 '.26,511 161. 182|28a,S61 331,9e9'303,754

a77,lTO'288.083 278,734 158,038 206,307281,8119 301,017'313,148

25'!.011 27M23 313.8491171.996 258.811 304.119 275.970 324,759

The above statement shows—1. That the total receipts fromthe plantations since September 1, 1885, are 1,903,669 bales;in 1884 were 1,8.50,6.52 bales; in 1883 were 1,997,604 bales.

2.—That, although the receipts at the outports the past weekwere 274,432 bales, the actual movement from plantations was334,7.59 bales, the balance going to increase the stocks atthe interior towns. Last year the receipts from the plantationsfor the same week were 27.5,979 bales and for 1883 they were304,119 bales.

Amount of Cotton in Sight Nov. 6.—In the table belowwe give the receipts from plantations in another form, and addto them the net overland movement to Nov. 1, and also thetakings by Southern spinners to the same date, so as to givesubstantially the amount of cotton now in sight.

1885. 1 1884. 1883. 1882.

Reoelptg at the ports to Nov. 6.Interior stooka on Nov. 6 Inexcess of September 1

1.662,875

210,794

1,692.371

157,731

1,733,511

264,093

1,685,917

195,255

Tot. receipts from planta'tnsNet overlanrt to November 1..Soatlieni consiunpt'u to Nov. 1

1,903,669153,15660,000

1.S50.65298,27450,000

1,997,604' 1,881,172126,859 93,S5759,000 59,000

Total In eight November 6. .

.

2,116.825 1,998,926 2,183,483 2,034,029

Northern spinners' takings toNovember 6 423,157 3 -'3.313 451,295 368,349

It will be seen by the atmve that the increase in am mnt In sifchtto-night, as compared with last year, Isll7,S99 bales, the decreaseas compared with 1883 Is 66,638 bales and the increase over 1882 1882,790 bales.

Weather Reports by Telegraph.—The weather has, as arule, been satisfactory for crop gathering during the week.Killing frost is reported from Stateburg, S. C, and Wilson,N. C, and in other sections there have been light frosts. Tbestrike of cotton and railroad employees at Galveston hasbrought the commerce of that port almost to a standstill.

Galveston, Texas.—It has rained on one day of the week,the rainfall reaching twenty hundredths of an inch Thecause of the small receipts this week is the strike of railroadand cotton-press employees, screwmen and stevedores, whichstill continues. The thermometer has averaged 70, rangingfrom .M to 79. Rainfall during October two incUes and twentyhundredths.Indianola, Texas.—We have had rain on two days of the

week, the rainfall reaching four hundredths of an inch.Picking is progressing finely. Average thermometer 70,highest 81 and lowest 56. During the month of October therainfall reached seventy-one hundredths of an inch.

Palestine, Texas.—It has rained hard on two days of theweek, the rainfall reaching three inches and seventeen hun-dredths. Picking has been interrupted by the rain. Thethermometer has averaged 64, the highest being 83 and thelowest 40. Rainfall during the month ol October one inchand forty-seven hundredths.New Orleans, Louisiana.—\t has rained on two days of

the week, the rainfall reaching one inch and thirty-five hun-dredths. The thermometer his averaged 63.Shreveport, Louisiana.—Rainfall for the week two inches

and eighty hundredths. The thermometer lias averaged 61,the highest being 77 and the lowest 41. . j

Oolumbut. MUiUsippl.—U hm rained on two dar« of th*week, the rnlnfnll ronchlng flfly-wvon humlredtha of an Innh.Averngf thcrinoin'-ler Wi, highest 71 nn<l lowwt 89. Rainfallfor October two inchiit ami -Ixt'-cn hiindriHJths.Leiand, if/*.«/*.v/7)/>/.—Ti-li'^ram not rcceireid.LitlU Rook, Arkans iH.—'^tAi'g^Tum not received.Helena, Arkansas.—We linvu had rain on three dan of

the week, and there are indications of more. The nunfaUreached two inches and fourteen hundredthn. Alxnit two-thirds of the cnip has been picked, and the plant.-m arenifiri .

H,, . it freely. The thermometer has ranged fr<im 44 to70 _c.59.

*

.! 7'en7W,v*««.—It has rained on four days of theweek, ami there are Indications of more to-day. Tlie rainfallreached two inches and twelve hundredthx. Marketing make*good progress, but picking has been interfered with by therainy spell. The thermometer has ranged from 40 to 71,averaging 56. During the month of October we had rain ooeight diiyg, and the rainfall reached one inch and eighteenhundredths Tlio thermometer ranged from 42 to 81-5, andaveraged 60.

Nashville, Tennessee.—It has rained on two days of theweek, the rainfall reaching fifty-one hundredths of an inch.The thermometer has averaged 53, the highest being 66 andthe lowest 30, During the month of October the rainfallreached two inches and ninety-nine hundredths.

ifoftiVe, 4te&amffl.—The early pirt of the wefk was clearand pleasant, but during the latter portion it has rained con-stantly on two days, the rainfall reaching one inch and fifty-three hundredths. The thermometer has averaged 59, rang-ing from 43 to 71. Rainfall for October one inch and nineteenhundredths.Montgomery, Alabama.—The early part of the week waa

clear and.pleasant, but during the latter portion there hasbeen rain on two days, tiie rainfall reaching twenty-nine hun-dredths of an inch. Average thermomet 'r 58, highest 69 andlowest 40. Rainfall during October two inches aad thirty-eight hundredths.Belma, Alabama —Telegram not received.Auburn, Alabama.—The early part of the week was clear

and pleasant, but during the latter portion it has been showeryon two days. The rainfall reached thirty-one hundredths of aninch. There has been light frost this week. The thermometerhns averaged 55'3, tbe highest being 70 and the lowest 39'8.

During the month of October the rainfall reached five inchesand eight hundredths.Macon, Georgia.—It has rained very lightly on one day of

the week. Good picking weather.Columbus, Georgia.—We have had rain on one day of the

week, the rainfall reaching thirty hundredths of an inch.Average thermometer 52, highest 60 and lowest 40. C^oberrainfall three inches and twenty-four hundredths.Savannah, Georgia.—It has rained on one day and the

remainder of the week has been pleasant. The rainfallreached ten hundredths of an inch. The thermometer hasaveraged 59, the highest being 76 and the lowest 47. Duringthe month of October the rainfall reached seven inches andsixty-seven hundredths.

Augtista, Georgia.—We have had light rain on two days,and the rem linder of the week has been pleasant. The rain-fall reached sixteen hundredths of an inch. Planters aremarketing their crop freely. The thermometer has averaged53, ranging from 33 to 77. Rainfall for the month for Octoberfour inches and fifteen hundredths.

Atlanta, Georgia.—^Telegram not received.

Charleston, South Carolina.—It has rained on two days ofthe week, the rainfall reaching thirteen hundredths of aninch. Average thermometer 59, liigheat 72 an.i lowest 46.

Stateburg, South Carolina.—It has rained on one day of theweek, the rainfall reaching twenty-two hundredths of an inch.

There hiis been light frost on two nights on low grounds andone night in the hills, and killing frost on one night on lowgrounds. The thermometer has averaged 53-1, ranging from39 to 67. During the month of Ojtober the rainfall reachedthree inches and fifty-two hundr.'dths.

Wilson, North Carolina.—We have had rain on one day ofthe week, the rainfall reaching eighty-three hundredths of aninch. There has been killing frost on one night and ice formedon two nights of the week. The thermimeter has rangedfrom 31 to 66, averaging 53.

India Cotton HIovement from all Poets.—The receipts

and shipments of cotton at Bombay have been as follows for

the week and year, bringing the figures down to Nov. 5.

BOMBAT RECBIFTS AND SHIPMBMTS FOB FOOB TBABS.

IShipment* tKit week.

Tear QrealBril'n.

1885188418831882

4,000

Conti-nent. Total

4,000 4,0007,000 7.' 002.000 6.0004.0001 4,000

Sliipment* linee Jan. 1.

Qreal Oonli-Britainl tunt.

219,0(K) 172.00050 J.OOO 6 15.000l.^ii.OuO 78J,00077«,O0OK!l<>,OOl)

Tolal.

691,000I,I4'<,0001,233,0001.30\,0O0

Jteetipft.

Thi*Week.

Bine*Jan. 1.

7,000 1,022,0006,000|l.57H,00012.0O0 1,615,0009.0001 1.66.1.000

Accordmg to the foregoing, Bombay appears^ to show aninorease compared with last year in the week's receipts (rf

1,000 bales, and a decrease in shipments of 8,000 balea, andthe shipments since January 1 shew a decrease ot 457,000 balea.

The movement at Calcutta Madras and other India porta for

the last reported week and since the Ist of January, for two

years, has been as follows. "Other porta" cover Ceylon,

Taticorin, Kurraobee and Co«^nada.

Page 28: November 7, 1885, Vol. 41, No. 1063 - St. Louis Fed · ttmtk HUNT'SMERCHANTS'MAGAZINE,' REPRESENTINGTHEINDUSTRIALANDCOMMERCIALINTERESTSOPTHEUNITEDSTATER VOL.41. SATURDAY,NOVEMBER

532 THE CHRONICLE. [Vol. XLI.

SkipmenUfor the week. 1

Qreal Oonli-Britain. nenl. louu.

0»lontta—18851884 .... .

Hkdraa-1885 500 5ro1884 500 soo

AUotbers—1885 3,500 ..._-. 3.5001884 3,U00 5,000 8,000

lotal all—1885 4 000 4,0001884 .f,nno 5.boo 8,.">00

SkipmentM tinee January 1.

GreatBritain.

59.00082,500

11,50053,000

58,50065,800

129,000201,MO

Continent.

18.00042,700

60,00040,5u0

78.0005%300

Total.

77,000125,20(

11,50053.000

118.500108,a00

207,000284,?>00

The above totals for the week show that the movement fromthe ports other than Bombay is 4,500 bales less than sameweek last year. For the whole of India, therefore, the total

shipments since January 1, 1885, and for the corresponding

periods of the two previous years, are as follows:

BXPORTS TO BCEOPB FROM A.LL INDIA.

Bh'vmenttto all Europe

from—

1885. 1884. 1883.

TMtweek.

SinceJan. 1.

Thisweek.

SinceJan. 1.

TkUweek.

SinceJan. I.

BombayAU other ports.

4,0004,000

691.000207,000

7,000 1,148,0008,500 284,500

6.000 1,233.00C6.200 1810X

Total 8,000 398.000 15,500 1,432.500 12,20o!l,417,00n

This last statement affords a very interesting comparison of

the total movement for the three years at all India ports.

Alexandria Receipts and SmPMENTS.—Through arrange"ments we have made with Messrs. Davies, Benachi & Co., ofLiverpool and Alexandria, we now receive a weekly cable of

the movements of cotton at Alexandria, Egypt. The followingare the receipts and shipments for the past week and for thforrespondin^ week- of the previous two years.

Alexftnctria. Eaypt,November 4.

Beoelpts loantars*)—Tills week...Binoe Sept.

1885.

180,000673,000

1884.

170.000613 000

1883

190,000632.000

Exports (bales)-To Liverpool.

.

To Oontlnent

.

Total Europe.

TMtweek.

SinceSept. 1.

140005.000

37.00014,000

19,0001 51,000|

TMtweek.

SinceSept. I.

11,0005,0o0

Thisweek.

11,0005,000

16,0001 59,000 16,000

49.00010,0001

8i7ict

Sept.

41,00014,000

55,000* A cantar Is 98 lbs.

This statement shows that the receipts for the week endingKov, 4 were 180,000 cantars and the shipments to all Europe19,000 bales

Manchester Market.—Ourrepott received from Manchesterto-night states that the market is easy. We give the pri cesfor to-day below, and leave previous weeks' prices tor com-parison.

Sept. 4" 11

1885,

S2f Oop.Twitt

8H Ibt.

Shirtingi.

/i. 4.

83i8»8»8 5Shf.'^SH 5

18i83,e-a8»8 15ZSISSieaSKs 5

Oct. 2i3>< ague's9 3'4 «811

" 16 81* »8Ui," 23 8i4 adlii," 3oNi8a»ii,^

Nov. eisig aai'ig

B.

•7«7»7«7»7»7a?»797•7

d111

1

2222l^aI'll

OoU'nMid.Vpif

1»84

32< C<^.Iwiti.

d.

^Il«

5'i8514

57,<,

5%6 14

5»i«

BH the.

Shirtings.

d. d8»,8® 9i9]5

8»iB« 9>8 58lie» 9 j58''i«» 9 585i«» 8'9 586i„» S'e 5

86,8-88i3,ej585ife«8i3iJ58''i>a8'3i6l8

d. s.

8hl978»si»77 077 «7

d.mi"*

5hitr, loij5I11 )6 lOSi5>a96 10>95's86 10>s5i3«6 IOI96>«i>7

Shipping News.—The exports of cotton from the UnitedStates the past week, as per latest mail returns, have reached

168,793 bales, 80 far as the Southern ports are concerned, the8»

are the same exports reported by telegraph, and published in.

the Chronicle last Friday. With regard to New York weinclude the manifests of all vessels cleared up to Thursdaynight of this week.

Total balet.New York—To Liverpool, per steamers Arizona, 111 City of

Chester, 8n4 ...Germanic, 1,374 Servia, 469 Spain,2,H09....Thale3, 1,881. ...TUorudale, 3,332 10,780

To Hull, per steamer Marengn, 1,4 85 1,185To Glasgow, per steamer Alexandria, 42,i Ethiopia, 146 571To Havre, per steamer Labrador, 1,312 1,312To Bremen, per steamer Rheiu 500 500To Hamburg, per steamers Hammonia, 1,434. ...Polaria.

1,673. ...Rhaetia, 1,750 4,857To Kotterdam, per steamer Vf. A. Scholten, 418 418To Antwerp, per steamer Bclgenland, 69 f 693-To Genoa, per eteamer Independente. 200 20O

New Okleans—To Llvernool, per steamers Alava, 4,4<»0Floridiau, 6,800. ...Hibtoilan, 4,628. ...Red Sea, 6,500.... 22,328

To Havre, per steamer N.inies, 8,536 8,53t>-To Bremen, per steamers Cassius. 3,000 Donar, 4,fi93 7,3vl3To Antwerp, per steamer Nantes, "17 81TTo Keval, per steamerx Uagu, fi,200 ...Govlno, 6,100 11,300To Vera Cruz, per steamer E^taban de Antunano, 1.636 1,636

Savannah—To Havre, per steamer Pauam:i, 5,100 Upland 5,100To Reval. per steamers Aiierley, .'i,500 Upland ...Decrliound,

a.S.iO Upland.. ..Hattlibl, 5,5,^0 Uplaud 14,900To Han go. per steamer Deeruouiid, 1,000 Upland i,000To Geuoa, per steamer Eglantine, 4,000 Upland 4,000

Chari.kston—To Havre, per stewmer Nellie, a,""!,*! Upland 3,515To Sebastopol, per steamer Huntsman. 5,6 5 Upland 5,655-'lo Barcelona, per steamer Lizzie, 3,750 Upland per brigConeeller, 1,090 Upland 4,840'

Galveston—To Liveriionl, per steamers Almandiue, 4,797...Simoon, 5,310 Victnria, 5,303 15,410

To Bremen, per steamer Weser, 4,654 4,6,54Wilmington-To Liverpool, per steamer Carn Marth, 5,260 5,260

To Bremen, per steamer Carbis Bay. 4,MOO! 4,900Norfolk—To Liverpool, per steamers Carn Brae and Mouarcb,

11,780. ...Roma, 5,340 17,120Baltimore—To Liverpool, per steamer Baltimore, 3,i57 3,257"

To Antwerp, per steamer Lero, 2.t>50 2,650BO8TON—I0 Liverpool, per steamers Kansas, 1,207 Pavonia,

557 1,764.PHnjLDELPHi*—To Liverpool, per steamers BritisU King, 1,141

....LordClive, 600 1,741To Antwerp, per steamer Nederlaud, 200 200

Total 169.792

The particulars of these shipments, arranged in our usualform, are as follows:

Hotter- Reval,Bremen dam a Uungoe* Uani- Aiit- <f Seijus- Bnrce-

Havre, bury. werp. topol. lona. Genoa. Total.b.Jbl 1,111 20J 20.816-7,193 817 11,300 52,010

15,900 4,000 2i.00O5,655 4,840 14,010

4,654 20,064.4,900 10.160

17,1202,650 5,fl07

1,764200 1,941

Liver-vooi.

10,78022,323

l.'^,4105,-.: 60

17.1203,2 >71,7641,741

1,3126, .3-J

5,1003,515

Overland Movement to November 1.—In our editorial

columns to-day will be found our overland movement broughtdown to the first of November.Egyptian Crop (Correction).—It is hardly necessary to

say that the figures 4,900,000 to 5,000,000 cantais in our introduction to our Alexandria correspondent's letter last weekwere a misprint and should have been 3,900,000 to 4,000,000cantars.

East India Crop Prospects.—Our cable from Bombayto-day states that crop accounts continue favorable.

JuTE Butts, Baooino, &c.—There is a steady demand forlagging, and parcels are moving at a satisfactory rate. Ordersare still coiring to hand, and though not for large lots theytake considerable stock to fill them. No change is reported inprices, and lots are to be had at 9c. for 1}^ lbs., 9i^c. fort% lbs., lOJ^c. for 2 lbs, and lie. for standard grades. Buttsare in moderate demand, though the market is not active.Some business has been done on the basis of 1 ll-16@13^c. forpaper grades and 2@3'^c. for bagging qualities, some 2,.'i00

bales finding takers, and the market closing at these figures.The stock on the spot is 59,300 bales, which, with 63,353 bales onthe way, give a visible supply of 118,653 bales, against 240,193bales same time last year. I

New Vork.N.Orleans,davannab..Charleston.Galveston .

WilmingtonNorfolk....Baltimore..BostonPhlladelp'a

Total... 77.660 18.403 22,304 4,778 32,855 4,840 4,200 168,79aIncluded in the above totals are 1,485 bales from New Y -rk to Hull

571 Ijales to Glasgow and 1 ,636 from New Orleans to Vera Cruz.

Below we add the clearances this week of vessels carrying,

ootton from United States ports, bringing our data down tothe latest dates:

Galveston— For Liverpool—Oct. 31—Steamers Countess, 5,325; Harbinger 4,S63

New Orleans-For Liverpool— Oct. 31—Steamer Costa Rican, 3,256Nov, 3—Steamer West Indian, 1,985. ..Nov. 4—Steamer Architect,4,647.

For Hiivre-Oct. 30—Steamer Flacbat, 4,297. ...Nov. 2—SteamerCleddy, 5,400. ...Nov. 3—Steamer Castlebank, 5,788.

For Genoa- Oct. 31—Steamer Acjicia, 4.570.Savannah—For Liverpool- Oct. 31-8teamer Scawfell, 6,66f.

For Bremen— Oct, 30- Steamer Athens, 7,300.Charleston— For Bremen -Oct. 30—Steamer Ariel, 7,310.

For Gottenburg—Oct. 30—Bark Oteran, 1,710.Wilmington — For Liverpool-Nov. 4—Steamer Fannie, 3,200,Boston—For Liverpool -Oct. 30—Steamer Catalonia, 541; Vlrgialan,

737.Baltimore—For Liverpool— Oct. 30—Steamer Mentmore, 2,224.

Cotton freifichts the past week have been as follows:

Batur. Hon. Tutt, Wednet. Thur: Pri

Liverpool, steam d. Sis "64 11,4 "«4 »e*Do 8all...(i. .... -.-, —

Havre, steam c. 38 6189% Bie»38 Sisa^a 0183%Do sail c. -.-. ... .... ... ....

Bremen, steam. .c. Tie ^16 ''is ^18 'l*Do sail e. .-_. .... .-..

Hamburg, steam.c. % H & % 38 %Do sail....e. rs

Amst'd'm, steam.e. 40345* 45* "o 45* 45* 45*

Do saU...c. ..-. ^15m»»32 lo^a'ss >6«4®»S8 i5j^a»3g 1584»»»«-

Do sail c. ..-, — ....

Baroelona.steam.c. »S2 »32 93a 'sa »»a

Genoa, steam e. 618 ^ >« >« >•

Ti-lHste, steam. ..c. Ne »32 *32 9,<a »aa

Aurwerp, steam..*. »i« 3,8 3l8 3l8 »ie

* Per 100 lbs.

Liverpool.—By cable from Liverpool, we have the following

statement of the week's sales, stocks, &c., at that port. W«add previous weeks for comparison.

^

Page 29: November 7, 1885, Vol. 41, No. 1063 - St. Louis Fed · ttmtk HUNT'SMERCHANTS'MAGAZINE,' REPRESENTINGTHEINDUSTRIALANDCOMMERCIALINTERESTSOPTHEUNITEDSTATER VOL.41. SATURDAY,NOVEMBER

NovEMBBB 7, 1885;] THE (CHRONICLE. r,33

BiklMinr tlift WHok bales.

t)f which (M|ii)i't«r« t<M>k—or whirh rtpuculatora took..

Bal^n Auii^noun •

Adtiiiil ox portKi>t-wiir<li«<t.

Tiii.il :<ii>fk— K^ttmatxrtor wnii'li Aiiinrlciiii —KatlmM

Toliil imiKirt of lUu week...or whii'h Aiuerloau

4iniiiinr llimt

or whIiOi Aiiierloan

Oel. le. Oei 23. CM. 30.

4B,0003.0003,000

84.0007,0005,000

342.0002H:1.00020.00017,00U

128.000119.IVV

52,000

40,0004.00*18.000

350,i»0(22 S.00051,00041,000

IIM.OOO

39,0004,000

sii'.obo

fl.OOO9.000

3tl»,0lK>241.1)0963,00054,000

205,000197.0O I

yof. 0.

4H.0002.0001.000

:)7,oi>o

(I.OOOlao'w

38:i.O0O265,00084.00073.000183,000175.000

The tout of the Liverpool market for spots and fiiCureti eachday of the week ending Nov. 6, and the daily olooing prioea

of spot <<.otton. have been as follows:

Spot. Satur<tay Mondmy. riMMtay. Wtitnu, Thured'y. Frulay

Harket,12:30 P.M.

MI.1. UplMsHid.OrVns.BalesSpec.Aezp.

Rarelysupported

5'4

6,000400

Moredemand.

8,000500

gnlet.

8,000500

rtrm.

S'lg

10,000500

Moderatedemand.

&'i«8,0UO500

In buyers*faror.

5li«

7,000500

Future*.

Market, (

12:30 P.M.J

Market, (

5 p. H. (

Barelytoatly.

Uolet .

but•teadr.

Steadr ata deoline.

Qutatl)Ut

•teadr.

Steadr at1-84 de-eliue.

Ftrm.

Steadr atl-Bl ad-rance.Quiet1>ut

teadT.

Rasy att-iM de-cline.

uj.

Baay.

Steadr.

The opening, highest, lowest and closing prices of futures atLiverpool for each day of the week are given below. Theseprices are on the basis of Uplands, Low Middling clause, unlessotherwise stated.

tT* rA« prue» are ifiten in pence and 6iUu, thu$: 5 62 meant5 62-64(i., ana 6 03 mean* 6 3-64<l.

November..NoT.-l>eo...

Dec.-Jan

Jan.-'eb....

Teb.-MarchMarch-AprApril-Mar-

May-June...

June-July.,

8al. Oct. 31.

'ipen High Low. Otot

*.

5 08

5 07

5 08

5 10

S 13

5 10

5 20

5«3

il.

SOS6 07

5085105135 18

520523

d.

5085 07

5085 10

5 13

516520623

It.

SOS5 07

508S 10

6135165 20

523

Mon., Not. t2*

d.

5056055 00

6086 12

5 15

SIS5225 25

d.

5 07

6 07

5 07

509613516619523526

Open Bieh Lov. dot.

d.

5 07

6076 07

619

4.

5055055065085125 15

5185 22

523

6 16

6195 23

528

Tues., Not. 3.

Open Bifh Lovi. Oim,

d.

5 03

5075 08

5 10

5135 17

520524527

d.

5085 08

5085116 14

5175 21

524527

d.

5086076085 11

513517520S246 27

d

5085085085116146175 21

5 24

627

Norember..Mot..Deo.

Dec.-Jan .

Jan.-Feb..B'eb...March.

March-Apr.April- VI ay..

May-June...

June-July..

Wednea., Not. 4.

open High Low. Otoe

5106105 10

5135165 19

582526629

d.

5 10

6105 10

5 13

5 16

5 19

5 22

S2«529

d.

5 08

5085085 11

5 14

5 17

5 21

524527

d.

5 08

5 08

5085116146 17

5 21

524687

Open Hi«ft Low. Cloi

Thiirs.i Not. i.

5066066065 09

6 12

5 15

519522626

d.

5066b«5065095 12

515610622526

d.

5066065065096125 14

5186 22

5 25

4.

5 06

SOSSOS5 09

6125116 18

6 it

its

Prl«« Not* tf.

Open High Una. CSos

4.

5 04

6046045 07

6 10

5 13

517620624

d. d.

5 05 5 01

6056055 07

5 10

Sis5 17

5 21

524

5 04

5045 07

6105135175 20

5 24

iL

6 05

6 055055076105135 17

6 21

5 24

BREADSTUFFS.Fkidat. p. M., November 6, 1886.

The flour market opened dull and depressed for the week

under review, sut has latterly become more active, with prices

showiiig more steadiness and in some cases a slight improve-

ment. Large Western mills have curtailed production, and

local dealers have purchased with more confidence. The

export to Europe, however, has continued on a moderate

scale.

The wheat market has been variable. The opening was

quite depressed ; the large visible supply and the limited

export continued to exert a weakening influence upon values

But the warlike news from Eistern Europe caused a revival

of speculation and some recovery in values. There was,

however, little or no improvement in the demand for wheat

on the spot, whether for export or milling. To-day a part of

the late advance was lost.

DAILT CLOSIKQ PKICBS OF NO. 2 BSD WTNT8K WHEAT.Sat. Hon. True. Wed. Thiire. Fri

In elevator 9.5 94 -r 97 9«i4 9b^Koveuilior delivery gi's 94 S »4'9 Si's 93'»Deoriuiier delivery 9658 9'»>« 2 96'8 97ifl 9H>«JaiiBury delivery USHi 98'a "t 9878 sgig 9(ti«

F«bruary delivery lOO-* U ]00\ 101 ll'OMay deliveiT 105>4 lu5>9 : 10.,H lu6% loo's

Indian com has made an important advance for primegrades on the spot and for early delivery, Th 're hive been

considerable supplies of new ojrn, in very damp condition,

w'lich have suld very low ami give a wide range to values;

but of prim<i qutlities tbere has been an urgent demaad to

flu November freight enga^emants.^and holders have been

eiMbled to obtala mora montjr; mad althoagb It it undMMoodth»t large quantltlet »r« In prooeM of ihlpmrat from tb«Wmit, the early deliveries have shown inornaalng strength.

Yellow com continues to be negtccted, but there iias bem •fair inquiry for white. To-day there was a slight reaottoo

toward easier prices, but a steady closing.

DAILr OLOSIMO PSIOSS Ot SO. » MIXSD OOaX.aat. Hon.

In elevator 52>4 53NoTiinlior rtnltvery Sl'i Bl'iDi'i . • livery 49»» ftOJii , ry 4a>s 47>4F.n ivery. 461s 4fl\May il.llvnry 463g 4UI«

Oats have continued to

1n

Wtd.5453''t

47 <s47»4,47m

Thwrt.55%5.1^sm47>,47

The

54%Bl%48

47i*

exportimprove slowly,

demand has continued very brisk, and speculation has sym-pathized to some extent with the advance in corn. To-daythe market was quieter, but prices were about steady.

DAILY OLOSIKO PRICKS OP NO.

Sal.November delivery 31''eDeoeuilMir delivery 32>9January deliveryRye is dull and unsettled.

the moment there is little

2 OATS.

JTon. Tuee. Wed. Thwrt.3l\ j,C 32>4 32>432% ZS 3^*4 S'**SB's B' 31 setBirley very firmly held, but at

doing. Buckwheat is quoted at

FH331434>4

60(3530.

The following are the closing quotationsPLooa.

Fine »bbl. $2 70» 3 50Suiierllne 3 00« 3 65BurInK wheat extras. 3'2.'<9 3 8UMluu. clear and stni't. 4 15 a 5 00Wluterahliip'k'Bxtraa. 3 65» 3 80Winter XX & XXX.. 4 15aPatents 4 7.5»City 8Qlpi>lUKez 3 75'»

Boathem bakers' andfamily brandt f I 75*

Byetloar 3 259(>>m meal—Weatem, tio n 10*Rrandywtnn. *«. .

.

3 30 •Buckwheat flour, ))

lou lbs 2 oca

84 » 9891 ® 9395>s» 978< aioo8.5 » 9540 9 ..eif

ssm oU>s53 9 5751 -9 5757 • 6253 a 57

5 105 855 004 65

I

OBAm.«ye—Western 61 «State and Canada. .. 61 •

Oata—Sfixed 30 •White 33 aNo. 2 mixed 3'2>4 >No. 2 white 35 Is*

Barley -X». lCauad.v 92 aNo. 2 Canada 7i4 3Btat», two-ru<red 63 •State, si z-ro«red 70 •Western 65 •

5 603 50

3258 35

215Boath'n com. extras.. 4 15 4

Wheat—8prln(?,per bash.8prln(tNo.2Etod winter. Mo. 2Bed winterWhite

Oom—West, mlzadWest. mix. No. 2.West, whiteWest, yelliiwWhite Southern..Tellow Southern.

The movement of breadstuSs to market is indicated in thestatements below, prepared by us from the flgures of the NewYork Produce Exchange. We first give the receipts at Westernlake and river ports, arranged so as to present the compara-tive movement for the week ending Oct. 31 and since July 2Sfor each of the last three years:

636333<s4033%36 >•

9581658080

SM«<pt< at— rtour.

ChlOKOMilwaukee .

.

ToledoDetroit......

Cleveland. ..

8t.Ix>ula ....

Peona ,

Duluth

:i;i>lJ.196UM

98,173

104.428

4,900

4.484

4.592

23J238

1

.Stull.SOUM BMh.Mlbt

Tot. wk. "86

game wk. '84

Same wk. '88

Strut July 2S

1886

1884

241.550

282,606

277.060

2.257,180

3.88>^.0»1

2.717.635

Wheat. Com,

559.190

233.121

29:M24279.244

23.717

187.188

7,865

636.000

2.199.749

3.680,283

1.1? 1.174

26.981.976

48.144.867

34.389 045

1,161.641

26.880

63,746

5.91$

6.000

S32.9t5

198.890

Su<li.32 UU ButhASIbt BuehM Ute

Oal$, Bartey. /(pfc

1,796.520

1.065.421

1,511.121

27.415.33:

2S.539.U8

37.0l0.82i

674,341

84.400

14.402

3.444

90.990

198.561

995.455

1.241JS51.253.tf25

1JS6S.46:I

23.477.436

2J.378.851

2i.Mt.ll4

343.667

19l,»75

26.400

49.47S

13.280

115.544

19.S0S

T60.039

•93 237

960,701

6.S32.9S0

5.294.08-2

S.946,02:<

47.lieR

S,760

T,817

34.911

14.4SS

ll7.»M161,518

i)0»,445

1X9.04SS.862.K57

S.71 8.22 s

The exports from the several seaboird ports for the weekending Oct. 31. 188.), are shown in the annex-td statement:

SximrtMfrom— Wheal. Com.

Buth.

Ftour. Oatt. Rye.

Buth.

Pku.

Bush. Shit. Biuh. Buth.New York 227,119 2ifj.l58 70.093 350,310 1,144

63.637 38.549 25U ......

Montreal. 13.501 143.1 i3 17.281 13,778 103,138I'hiladel.. .50.152 171, '26

1

1.70rf

Baltim're 121.170 137,6.2 17.825 •-*>••

N.Orl'ns. 188,371 2,155 >••Rlchm'd

.

1,748 .*•• . •«••••

N. News.

Total w'k. 411,916 903.502 149.360 3<}4,3J8 104,530

1884. 1,493,688 18.1,573 175,8 J6 90,567 71.161 93,096

The destination of these exports la as below. We add theoorrBSix>ndinu Deriod 0' last vear for coinnarison •

jrjour. I^Aeal. Oom.

BxporUfor weekto-

18'<5Week,

Oct. 61

1884Week.Not. 1.

1885.Week,

Oct. 31.

1H-...Week.Hoe. 1.

18H5Hreek.

Oet.sSi.

«<•*.737,111129 ; 1430.-«306,'i >6

b.iil

~Ti9 502

18 U.Wrek,

Xoe. 1.

Qn.Klng.Contln'nta.AC.AmW. IndiesBrit, col'sOth.c'n'te

Total ..

Bbtt99,868

46415,20317,-2115,8'i7

231

149,<'iO

Bblt.102 6 t5

7,J0916. .1824.54724.:i82

415

~i7\T2fi

Buth.321.205137,741

41I.M46

BuMh.64-1.0818 »rt,»87

5,640

l,l<»8.Hi8

l34.^5238 2841U.6',{J6,(i36'2,85'*

1,2 1«

-1.57S

Page 30: November 7, 1885, Vol. 41, No. 1063 - St. Louis Fed · ttmtk HUNT'SMERCHANTS'MAGAZINE,' REPRESENTINGTHEINDUSTRIALANDCOMMERCIALINTERESTSOPTHEUNITEDSTATER VOL.41. SATURDAY,NOVEMBER

534 THE CHRONICLE. Vol. XLI.

By adding this week's movement to our previous totals w ehave the following statement ot exports this season and lastseason:

Flour, Wheat, Cbm.

188B. 1884. 1886. 1884. 1885. 1884.Mxportt to- Aug. a to ^ug. 25 to Alig, 24 to Auo.2Stf> AUQ. 24 to Auo.iStr,

Oct. SI. Nov. 1. Oct. 31. Nov. 1. Oct. 31. Nov. 1.

BW». BUM, Bush, BmK BmH. Bmh.on. Kingdom 738,337 1,065,512 3,911,508 7.244,772 6,611.475 1,856,008

Continent . .

.

22.490 122,970 1,856.245 7,283,711 1,627,408 371,332

B. &C. Am... 181,200 134,488 2,206 29,254 261,029 214.041

Wwt Indies. 136,295 178,300 4,107 75,040 77,8-2

Brit. Col'nlee 181.894 170,465 16 22,130 21,268

Otta. oonntr's 6,743

1.283,059

7,477 12,320 4,00S 14.115 6,737

ToUl 1.679,212 5,318,402 14,563.742 8,611,197 2,547,256

The visible supply of grain, comprising the stocRs in granaryat the principal points of accumulation at lake and seaboardports, and in transit by rail and water, Oct. 31, 1885 :

WJieat, Corn, Oats, BarUy, Sye,Zn$ltir^ at— bush. bU8fl. bush. both. bush

.

Hew York 9,46 1,6a9 32.':i,393 2,080,254 49.988 116 896Do afloat 526,100 79,710 138.500

Albany 3,800 27,600 13,2.50 28.930 4.3(J0Buffalo 4,C8H,483 236,246 7,770 24,752 131,590ChicBKO 13,177,691 984,4 60 219,257 131,235 256,413Eiclimond, Va 73,271 5,846Milwaukee 2,941,531 25.369 2,465Dnlutli 1,766,195 26'i

Toledo 2.306,511 81,499 21,447 [107.952Detroit 1,810,327 7,974 46,872 3.012Oswego 150,500 142.125 ,';82,72S 34,4918t. Louis 2,726.717 193.920 201,652 17,513 80,365Cancinnat) 122.921 3,317 63,836 43,586 41,564Boston 271,837 274,219 359,855 13.S82 190Toronto 184,488 269,120Montreal 403,591 23,629 10.497 20,346 881Phlladelplila 1,043,146 2S7,081 179,983 >>*_Peoria 4,328 17,035 236,270 1,366 36,735Indianapolis 200,477 9,790 2,081 1,116Kansas City 819,4' 6 25.189 37.096 4,162Baltimore .... 1,391,268 35,909 8,441 4.»mDo afloat 28,675 .-..-.

Do\( n Mississippi. 239,735 65,441On rail 329,504 500,800 409,829 73,663 17,929On lake 974,000 1,226,000 26,000 112,000On canal .... l,3C0,4t0 556,100 314,250

Tot. Oct. 31,'85. 46,756.839 3,287,770 3,989,834 1,980,212 734,472Tct. Oct. 24.'85. 45,1 63,616 5,263,434 4,726,854 1,709,314 622,012Tot. Nov. Il,'84. 34,301,."138 5,453,500 1,029,442 2,288.661 479,531Tot. Kov.l 3.'S3. 31,129.678 10.335,768 5,310,990 2.366,834 2,358.884TOt. Nov. 4,'82. 17,742,853 4,003,364 4,175,772 2,372,329 1,084,018

THE DRY GOODS TRADE.Frldav, P. M., November 6, 1885.

Business in the wholesale branches of the dry goods trade

was fpasmodic and irregular the past week, operations having

been checked to some extent by the recurrence of elections in

many States, and the observance of Election Day in this city

as a close holiday. Under the influence of colder weather the

early part of the week, there was a slightly increased demand

for seasonable goods, but selections, having been governed by

positive requirements, were only moderate in the aggregate

amount. Transactions in certain fabrics adapted to the

spring trade were continued on a fairly liberal scale, jobbers,

converters and cutters having placed numerous orders (for

future delivery) with agents representing domestic manufac-

turers. Some very fair orders for spring and summer fabrics

were also booked by importers, and distributers are evidently

disposed to take a hopeful view of the business outlook. The

jobbing trade has been quiet, as usual at this time of year;

but a fair average distribution of both st9.ple and department

goods was made by jobbers in this market and throughout

the country. Values have not materially changed, and really

desirable goods are by no means as plentiful as at the corre.

sponding time in recent years.

Domestic Cotton Goods.—The exports of domestics from

this port during the week ending Nov, 2 were 3,571 packages

and the principal shipments were 1,944 to Great Britain, 536

"to Argentine Republic, 468 to Hayti, 172 to Brazil, and 1 12 to

Santo Domingo. As a whole, the market for staple cotton

goods was very quiet, but there was a fairly g!>od business in

some descriptions. Brown sheetings were in light and irregu-

lar demand by jobbers, but converters were free buyers of

certain brands. Bleached goods, wide sheetings and cotton

flannels ruled quiet, and corset jeans were dull, while there

was only a moderate business in grain bags, silesias and rolled

jaconets. Cottonades were in better demand by cutters and I

the clothing trade, and there was a steady call for small par- I

.

eels of denims, tickings, fancy duck and other colored cottons,

at unchanged prices. Print cloths were active and very firm

at a further advance, extra 64x64s having sold at 3 3-16@3>^c.,

and 56x608 at 2 13-16c, Prints were quiet in first hands, asidefrom indigo blues and shirtings, in which considerable busi-

ness was reported. White goods, quilts and curtain materialscontinued in good demand for future delivery, and some good-sized orders for cotton hosiery were placed with the mill

agents.

Domestic Woolen Goods.—There was a good steady movement in men's-wear woolens in execution of back orders, andstocks are so well in hand that all desirable makes are firmly

held. New business in clothing woolens was however com-paratively light, and mainly confined to a few speci.=iltie8.

Nearly all the most popular styles of cassimeres, suitings,

trouserings and worsteds adapted to the spring trade areunder the control of orders to the extent of the season's pro-

duction, and the general condition of the market for men's-wear goods is much more satisfactory than for years past, the

diversification of production having largely contributed to

this result. Ladies cloths, tricots, cloakings, Jersey clothi

and stockinettes were severally in fair demand, and there wasa steady call for small parcels of all-wool dress fabrics, andsoft wool suitings, for ladies' wear. Kentucky jeans andsatinets ruled quiet and steady in price, and there was a mod-erate business in flannels, blankets, carpets, shawls, skirts,

wool hosiery, knit underwear and fancy knit woolens. Afeature of the week was an auction sale of 1,000 packagesWillowdale white bed blankets, which were damaged bywater and smoke at a recent warehouse Are. The goods werein poor condition, but the entire offering was readily disposed

of to good advantage.

FoKEioN DiiY Goods.—Importers continued to receive fair

orders for specialties in dress goods, &c., for next season, butthe demand for immediate distribution was light aad irreg'ular.

Silks and velvets continued quiet in first hands, but black

velveteens were in fair request. Dress goods were mostly

quiet, as were neaily all descriptions of men's-wear woolens.

Linen goods, laces, white goods and embroideries were sever-

ally quiet, and there was but a limited business in hosiery andgloves. It was an " off week" in the auction rooms, the offer-

ings of foreign goods having been small and unimportant.

Importations of Dry Cooda.The importations of dry goods at this port for the week

ending Nov. 5, 1885, and since January 1, and the same facts

for the correspon '1 : .- oeriods are as follows:

H

f o \a •

a;

1

s

1

Si

|i

Xannfao

tares

WoolCotton

SilkFlax

VUeoellaneons

t

• iiiiis to

•-*

tj iiiiifg

si

• : ; : ; o: : : : : i

OS 05K H* a,

'o

uto"jIo MK^WW

CO

o: »-* <J <i Cfl (SOl*- 90 o> OHi-^-I w

en (0 05 OiOt^-'tO w coos CO tOCOOOi^-H* (— i- h- ^

OM o MMCO>-'M

f

•^500 g-00 2*

cocoaccca13

"rn

U iB> 00 •<; O)

woobcolo ho

01 <J 0»OlO_Wffitfi-bo'COW so

i

a cor>cowao»QcbboinVi

rn tOlO *. CO — Xi *^ c;i K; CD M •* 10 00Ul Os:D Q0^-'^^O^CO

s

>

o 01 »- KWr-t0 05 01 ocococoo3m|U M"-'

»C K- H -- to f.to to

cotOH-Mboto^1 acp-tjtp^

1%

M 05^1 -JO — t*^^^ gsto Oi KUi-J C-131 o r-tO to a rf* It-w a» J« aOOrvO-J 171

£>

1

CO

1CO W- CU:c:o-itO a

oQD to 31 MMtOtOOJ 4

)-. ^to n O -oto BO h-tOMN-w r^?' MMOS*>00

in

<1W M coas*»^S

osmose;' 00

lrbH'*^i-^ S"»

en Ci*>. W*- M'fc'O n CH-

Ho 00

3p f"S^OtQtOJjtS a .-J

It* cw ^.C*^'^<i r, cocoi *^v*A 00

^r co:o «j CO C QW so CD to MW-QDW V Mts,O3)a0bO w^ W ^ 10 - *>

>

fO W<1 w. M X ^ ^1O

ZA 00«xy» '•1

r" m «.to lik H* "oL*. CO en MVIMM^ TO ODO bcoHwco CD -q £ 'J OS^ Si?? >

aw to TD R rf.. to-^ IJ iffcoon^joh- wco ^-,0 J'-CD WM CO — OO --1 CO ccoosi-co

>-* CM b ^MCOMM

1nr tO'O M-at^-aui 10 CON) rfk.*.OlOOO m to Otf- wwco

lo'lO

ccao j'*-_co

wixbsbib Cto

0> -toV,R CD

»0COS- *•*

Ti C0 00*>-JiO --I o^ ;OCO-JN3*3 o -tOJCC»0«-'ba ooyi ^Arf^wt-* to QD-- toy^ooo

93

pi

RH

05 OtOV"^*^

fi- WM 1^1^

tOI-*.-iOJ <1 Oi -J **:»*.

1a

(D ejfjj QO-q-'iroao en O'CC OOO'XCOX > CtOtOlO^ 2 a^^ a -J- i«.ca3)-4 0)

M COM 5 ,- J, ca — te ce» >)fc<i«>a ^ ^o-'cnoo

P

Ol CO -J MOl»^»-' to ecu 00 3: !© « ^ W O/^COWiJ

tc ~lto <l •-"tOt-i-i

a' OOD h-tooiccos o op KttCll^COA o c* o M ift- aS"*i uco "co^y 0:A on cay* h-bct'ooo

cot.-jco£CO cj" cji O en --I

(T) ccto CO*. coot t-cc — w:;i » CB-.0

I:X

Ol M O -1 ^ a h-;n - 1 — xvo »-• o:-- — -'O en-

1

to1^1 ©•'I O to Ol «i — »— o — to X ^ XI y>